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.
NOV S 5 1846
,v .7.« -
MONDAY
h i„ -
i">r
The Commercial
Reg. U. S. Pat. Office
.Volume 164
Number 4545
New
York, N. Y., Monday, November 25, 1946
Price 60 Cents
Copy
a
General Corporation and Investment News
RAILROAD
PUBLIC UTILITY
-
Adel Precision Products Corp., Burbank, Calif.—Acquisition—
*
.
The facilities of four
and
-
in
one
manufacturing plants—three
with
consolidated
the East—vere
the West Coast
on
the recent acquisition by
this corporation of Aerco Corp., Hollydale, Calif.
This expansion move
enables
these
two
Transamerica subsidiaries to better
serve
their
-
customers
with
increased
production
capacity
for
both
companies'
varied lines.
-The
/
greatly
merger
Adel's
increases
capacity
to
aircraft
supply
landing
-
gear struts, shock absorbers, landing gear retraction actuators,
packages and similar hydraulic equipment designed for personal
'*•
power
*
two Adel plants in Burbank, Calif., will continue
to manufacture hydraulic equipment for aircraft, marine and industrial requirements.
Adel's Huntington, W. Va., plant will expand to
type aircraft.
i
The
assemble Aerco farm equipment for distribution in the East and will
i also make tubing clips, line support products, kitchen tools and other
items.
consumer
•
The Aerco
<
farm
plant will be devoted to the manufacture of Earthmaster
equipment.
two-wheel
tractors
Currently being produced in increasing volume are
with plow,
cultivator, disc harrow, seeder, mower
) and bull-dozer attachments, heavy duty offset disc harrow, wheel type
£eed mixers,
feed roughage mill and dairy molasses applicator.
Additional farm implements are being developed to complete the line and
to supply the demand in domestic and foreign markets.
'
The
combined
activities
INDUSTRIAL
-
INSURANCE
-
board, stated; "In view of the capital requirements for the 1947 reequipment program and the lower level of earnings for 1946, the
directors believe it prudent to conserve cash
dividend
at
this
time."
Distributions of
and not t.o
$1
each
pay
were
American Cyanamid Co.
9 Months Ended
common
a
made
on
r
American Central Mfg, Corp.—Sale Approved—
stockholders
corporation
the
and
Nov;- 20 approved an agreement between this
Aviation Corp. providing for the acquisition by
The
of
all the property,
assets and
American Central and the Issuance
of
American
Central of not
of Avco
to
the
mon
stock
common
(par
$3 per share) for
(par $1 per share).
stock
shares
494,260
shares
of
Avco
of
stock
treasury.—V, 164,
p.
be
share
of
American
Central
received
common
stock.
by Avco will
be
The
income
Dividends on preference
J
Net income per
common
2281.
•After deduction
of
"li;
.
I.,1,".
"
$5,635,339
$3,989,607
2,737,526
stock
2,707,026
$1.47
share.^
plant, selling
and
$4,545,273
555,666
$2.07"
:
administrative expenses,
cludes amortization of emergency plant
facilities.—Vn 164,
Adel and Aerco organization will be
Stryker, Adel's President.
Timothy E.
Colvin, President of Aerco, will direct the sales and engineering activi-
"" i
I,
$6,191,005
556,666
Common
its
the
of
742,147
.
;
Net income applicable to common stock......
shares outstanding..
643,218
in
1,500,000
$10,591,005 $13,345,273
4,400,000
8,800,000
income..
on
4,840,737
1,688,114
Net
Central
retained
6,335,853
783,769
income.—..2
on
.'v.:,.:
302,691 shares (61.2%) of the outstand¬
American
to
each
39,291
'
stockholders
•if:At Sept. 30. 1946, Avco held
ing
Net income before taxes
695,225
$22,849,230 $25,279,874
3,450,489
t4,851,717
Prov. for Federal and foreign taxes
stock received by American Central will be distributed
in the ratio of 2 '/a shares of Avco com¬
common
latter's
income
508,154
524,075
515,921
—
...
stock, the assumption by Avco of all of the liabilities of American
Central and the dissolution of American Central.
In connection with the dissolution of American
Central the shares
'
(
551,687
...
Research and process development expenses....
Interest charges on funded and other debt..
Provision for employees' pension, fund
and
•
1945
'
$21,257,547 $24,037,204
s; Depreciation and depletion
business, including good
delivery by Avco to
1,050,302 shares of Avco common
than
more
Total
'",1946
*
.
on
latter
will,
(& Subs.)—Earnings—
Sept. 30—
•Net operating
Dividends, interest and discounts
Royalties, licenses and service charges
Other
earnings (net)....
Dec.
22, 1945 and 1944.—V. 164, p, 2537.
The
MISCELLANEOUS
-
tln-
p,.2005^ i
1 j.:j
under the direction of Clinton E.
American Encaustic Tiling
.ties or that oompany.—-V. 162, p. 129.
:
tn
Aerco Corp., Hollydale, Califs-Consolidation--'
Bee Adel Precision
Products
Corp. above.—V. 157, p.
Issue
8EC
Co.,
■
registration statement with the
common.
Underwriter, Lord, Abbett &.
a
Inc., New York. Proceeds will be used for Investment.—V. 3 $4,
1581.
P•
'.$'•$}
'-"-l''.
•
/.:■
.n
;
^ ..'(V• •>"
• t
1,'i
''•'v-'.v
•• •.
Aldens, Inc.—Form of Certificate—
TThe New York Stock Exchange on
Nov. 15 directed that deliveries
series, up to and including Dec,
16, 1946,
with temporary certificates or with
permanent certificates; that beginning Dec. 17, 1946, only permanent
of cumulative
preferred stock,
may be made either
certificates shall be
delivery.-
a
Extends Group
*-
\
insurance
Program—
^vjjsecurity provided through, its
group insurance program has been
by Aldens, Inc., to employees of Merkel Co., of Mason City,
the Strub-Wareham Store of Iowa City, Iowa, and the Wind-
extended
;
Iowa;
xniller £tore of Chicago, 111., affiliated organizations.
Announcement
«f the extension was made by H. Yormarck, Manager of the legal
-7
,
Stock
Exchange.
Over-the-Counter
Markets..
Transactions New York
JTotal
Total
jfe f ">*;
income
1946
ordinary expenses
v: ■ -; J<;* 1-
Net
$1,835,723
658,151
.-
—
**" *******
income
taxes
before
provision
Net
income
not
and
income
$1,252,181
$3,403,507
gains
include
13,023
$3,483,107
79,600
>V. Net income and gains
1 tDoes
$3,216,317
2,360,198
General Corporation
and Investment
76,500
$1,175,681
$856,119
4,857,736
Gross
Interest
$3,828,000
$383,352; 1945, $68,080; 1944, $412,387)
interest and dividends received applicable to periods prior to dates of
acquisition by Alleghany Corp. of bonds of railroad companies in
reorganization.—V. 146, p. 2149.
-
:
compares
t
on
Nov. 14 approved the regular quarterly dividend
cents per share on the $3.50 cumulative convertible preferred
1946, to holders of record Nov. 21, 1946.
No
action was taken on the common stock.
C. R. Smith, Chairman of the
87i/fe
.stock, payable Dec. 1,
Federal
743,756
299,252
237,078
25,651
254,494
10,174
822,593
254,494
440,208
2,323,375
3,053,933
10,661,752
3,105,297
1,639,194
544,508
081,318
956,301
17,008,353
13,172,383
12.339,128
10,076,370
subsids. consol.
1,094,685
American Gas & Elec,;Co,;
v,
Pndist. net inc, of sub.
as above
1,094,685
f-Undist. net inc. of sub.
--
25,017
3,835,969
2,262,758
of net income.....
on
com.
.....—
stocks—
com.
/
'
Reserve
Federal
Reserve
—
.
omitted
—
i
"
<
Dr3,879
—
3,835,969
115,517
2,262,758
79,787
,
-income of American Gas
v.;-»&--Elec, Co,;
^
..2726
2727
above
•
.v-
■'
25,017
——
2727-^
2727
•
:
From
subs,
612,269
consolidated
1,024,490
13,989,155
10,923,075
April 30, 1946
——
Other income —2,251
,
101,663
4,535
761,862
41,463
1,269,956
47,515
1,709,207
1,151,826
18,743,969
141583,093
30,105
32,408
328,742
1,679,102
1,119,418
18,415,226
755,236
"From subsid. sold
-
-
as
s
of
-
!
2727
Bank..
V;
V-'
2727
System
—
"''VvBalance" -1-
Capital Flotations for October and Ten
Int. and misc. deducts..
2681
Months of 1946
Total Income
Gen. taxes & exps.^ net
earned
Bal.
for
com.
y
on
March
CORPORATE FINANCE
140,767
S
*
..
;•.«
,
753,639
708,364
1,689,209
"■
833,523
••
•
r'-.-
The
10,838,130
'-V'-
'*^
name
Changed^—
has been changed to Amer¬
according to an announcement
14 by Otto A. Pfaff, President.
i'H
, :
1
of this 38-year old
company
Wheelabrator & Equipment Corp.,
ican
made
'>
>
•
v.
15,459,391
164, p. 2006.
•
Nov.
on
(
The new name
on
327,258
.
14,255,835
1,020,130
1,446,959
American Foundry Equipment Co.—Name
,The directors on Nov. 19 declared a year-end dividend of 50 cents
15, June 15 and Sept. 14, last.
v-''re¬
payments in 1945 were as follows:. March 15, June 15 and Sept. 15,
20* eents each; and Dec: 15, a year-end^ oL 40 cents.—V. 164, p.2149.
'
83,441
61,685
60,017.
v.
1,546,481 V
stock-
to holders
24,512
Divs. on pfd. stock-..--
—V.
per share on the outstanding common stock, payable Dec. 14
of record Nov. 29. Distributions of 25 cents each were made
48,090
Federal income taxes
of
the
Mr. Pfaff pointed out, because
the company is the "Wheelabrator,"
is more appropriate,
principal
products
of
ilillill Trading Markets in
SECONDARY MARKETS
p|
GEARHART & COMPANY
&
Company
EstabUshed 1922
BROAD STREET
for
255,312
v
Over the Counter Securities
" •
^:"
y
DEPARTMENT
oAllen
HAn^et
pfd. stocks....
earned
Stocks
.
Condition Statement of Member Banks of
Municipal Bonds
Telephone:
549,261
24,940
PIvSk On
Sales..2739.^
Foreign Ex-change Rates
Condition Statement of
SPECIALIST IN
''80
debt
^'
FLORIDA & NEW JERSEY
.
funded
on
24,936
3al.
»/
MUNICIPAL
296,280
34,272,920
6,930,595
American Colortype Co*—50-Cent Year-End Div.—
directors
The
428,777
2,493,539 :
J
189,802
Pay Larger Dividend—
American Airlines, inc<—Omits Common Dividend—
©f
20,826
2,722,308 < 29,980,851
35,726
income
6,665,925
Divs.
Nov. 16 declared a dividend of $1 per share on the
stock, payable Dec. 12 to holders of record Nov. 29. This
with 75 cents per share paid on Dec. 24, 1945, and on Dec.
'4, 1944.—V. 164, p; 1713.
:Jr
33,976,639
67,147
The directors on
common
10,196,284
29,552,074
Other int. and deducts..
.
$
10,151,954
2,701,481
561,639
Res.
News.268L^
The Course of Bank Clearings
$3,918,000
90,000
(1946,
Allen Industries, Inc.—To
866,473
2,457,812
income
-----;
2708
Dividends Declared and Payable
1,795,855
2,305,530
903,180
Other income
——2708
State and City Bond Offerings and
$1,239,158
.
tax.
—
Operating
2725
Redemption Calls & Sinking Fund Notices
security transactions—
Net losses on redemp. of own bonds
on
859,230
m
$1,177,577
—
est. Fed. taxes
.
$2,098,388
taxes
Other
'.
1946—12 Mos.—1945
$..,•$
'
'$
$ •.;*• i.
9,984,683
9,214,421 113,332,782 115,610,598
3,721,342
3,029,653
39,629,350
38,987,053
747,114
707,745...
8,782,166
8,261,970
1,130,591
1,074,864
13,401,008
13,315,950
1,024,042'
585,906
11,379,22 1
7,037,299
&
248,295 ^
437,006
3,835,400
....
profits
"
2-2600
Bell Teletype;
n
INCORPORATED
N. Y. v
NY 1-573
Telephone
REctor
•
>
$-8600
V
Troster, Currie & Summers
'
45 NASSAU STREET, NEW
NEW YORK 4,
"
"
;V
Membert New York Security Dealeri
Association :
Philadelphia Telephone
Enterprise 6015
Bell Teletype
New York 1-570
«
Members New York Security
Dealers Association
Trinity Place, New York 6, N. Y»,
Telephone HAnover 2-2400
...
f Teletype NY 1-376-377
74
YORK 5
y
.
1946—M,onth—1945
income taxes
excess
*'
Subs.)—Earnings—
Spec. chgs. for debt ret.
Amortiz. of elec. plant
acquis, adjustments..
Miscellaneous Features
1944
for
thereon
Gains from
Prov. for
1945
,.
Undist. net income of
(Incl, Wholly-Owned Subsidiary, Terminal Shares, Inc.)
9 Months Ended Sept. 30—
:
Fed.
Stock Exchange...2708
Transactions New York Curb Exchange
i
Federal
2722
Stock and Bond Averages—
Alleghany Corp.—Earnings—
\
r'-••
Depreciation
?
-.2721
Toronto
by
s
t
*•
,/«,
-...
Maintenance
•;
Toronto Stock Exchange—Curb Section—2724
like the rest of the plan, is
the Metropolitan Life Insurance Co.
Each
employee of these stores is provided with $1,000 life insurance and
hospitalization, the entire cost of which is borne by the employer.—
V. 164, p. 2401.
t
I
.2721
Montreal Curb Exchange
consol.i
revenue
Operation
.2719 ;
2719
Los Angeles Stock Exchange———2719
Philadelphia Stock Exchange..—......—;.2720 g
Pittsburgh Stock Exchange....
—...—2720 ;
St. Louis Stock Exchange
2721
Exchange...
Subsidiaries
\
Operating
....2719
being
.
Period End. Sept. 30—
\
Cleveland Stock Exchange......
Detroit Stock Exchange.,.—
Stock
1
less
quarter.
American Gas & Electric Co. (&
(Bonds) j„;
2708
New York Curb Exchange-.—2713
Baltimore Stock Exchange...-,——
..2718
Boston Stock Exchange—..———.....2718
Chicago Stock Exchange.—.^
2718 •
Montreal
1946
'H*.*?*•".5-
New York Stock Exchange
!
the
.
7:$$ :-7
;■
77; 7 - ';7 g;
Page
New York Stock Exchange (Stocks)—^-—2697
Cincinnati Stock Exchange
sales,
gross
1945
$1,818?
discounts, returns, etc., amounted to $158,506
No
provision
for Federal taxes considered
necessary.—V; 163, p. 3413.
■
■
"
1
; for
department of the parent company.
The coverage
under the extension,
underwritten
s
»
The
Stock and Bond Quotations
■
filed
company on Nov. 18
for 2,878,834 shares of
1946
-
,n
Profit after all charges and depreciation^.—
340.
Affiliated Fund, Inc., New York—Registers with SEC
The
Co., - Inc.—Earnings-
quarter Ended Sept. 30—
This
Private Wires to Buffalo
Cleveland Detroit Pittsburgh St. Louis
»>
«
■
THE COMMERCIAL >& FINANCIAL CHRONICLE
2682
y;.C.;i V;
j;"-'
■
.
Equity
Corp.
investment
ance,
retirement -plan,
medical care,
lncen]ttve plans*—V. 164, p. *2538.
:
stock,
payable Dec.
"V
15
a
to holders of record Nov.
1
7/ '
'
American
General
•'
'
American
65,
See
Corp., New York—Registers with
SEC—
offers to holders of Equity Corp.'g (which see)
preferred stock of record Dec. 3.—V. 164, p. 2402.'
$3
exchange
vertible
Period End.
Dec.
1946—3 Mos.—1945
Sept. 30—
Fed.
expenses
14,303,362
taxes
(reflect,
1946—12 Mos.—1945
reserve
and
11,756,605
11,352,394
directed
15
that
the
7%
2,632,191
2,529,659
10,512,826
made
Dec.
on
Dec.
taxes,
quoted ex said dividend until Dec.
after
of
1946,
dividend of
a
$12
share,
per
payable
5,
24,
in
1946,
redeemed
be
must
on
10,094,977
9,715/204
>49,013,292
153,443
304,662
557,863
(net)-
income
Gross
Total
inc.
10,082,351
deducts
to
9 Months Ended
9,868,647
49,317,954
3,069,379
4,995,841
16,236,914
—
41,799,772
19,935,432
reserve
Balance
•Pfd.
to
public—
32,745,670
per
.1,382,492
Anglo
5,672,208
Balance
5,380,964
3,518,378
27,120,730
1,442
130,784
17,778
min.
to
be
Net
equity
income
Amer.
of
of
5,340,564
3,516,936
5,348,564
3,516.936
34,800
(as above)—
160,422
Total
Int.
Income
3,677,358
5,383,364
——
taxes
deducts.
154/533
—
449,299
,
46
295,894
25,906,845
building
'266,717
2,918,330
the
surplus
which
carried to
13,754,855
there
the
&
related
r> *Full dividend
earned
net
13,374,855
21,191,845
requirements applicable to respective periods, whether
COMPARATIVE INCOME
STATEMENT
(COMPANY ALONE)
Income
from
1946
subsidiaries
Total
$15,401,501
540,078
449,298
Interest
and
—
taxes
other
other
than inc.
taxes—
deductions.
$7,657,963
407,054
-2,236,911
266,716
taxes
|i;Wet income—
$14,116,230
_
i
$7,0^2,582
505,380
295,894
—;———
New
York,
accrued
special
interest
cash
that
Co.
this
The
•which
combination
considered
is
to
expand
Is
the
newly
Wallach
S.
President of the company
D. Wallach, and Floyd
elected
Irving
are
Wallach
and
with
associated for seven years with George G.
Wheeler Shipbuilding Corp. as
an
architect,
designer.
was a senior partner of Floyd H.
Rowland Co.
partner of Management Consultant Associates and
Bacon
&
a
.
Davis.
&
Harrison
deposits, $1,528; accounts receivable, !$ 105;
$44,608: dividends received from subsid¬
'
''
'«
\
-
'
«
hearing.
Proposed
i
and
Senior
with
Engineer
the
common
cumulative
share
able
on
were
class
the $3
Jan.
4,
annual
an
A
stock
to
and
holders
on
of
Jan.
cents per share ,was also
of
regular
$3
share
per
annual
2,
Dec.
1946.
made
on
1946.—V. 164, p. 2533.
10,
A
dividend
1946.
of
Like
$3
company to
include
sales
American Telephone &
Period End, Sept. 30—
revenues
Uncollectible oper.
,,,
19,259,234 161,292,010 177,732,738
11,523,377 108,015,905 101,307,873
2,620,283
per
share
holders
of
2538>ef
P
on'
at
an
ICC
1945
the usual quarterly dividend
bCen ma<3e SinCe &1?d -includinS
.
t0
the
353,394
$1,052,748
283,318
ident
1,648,529
546,844
an
of
industrial
amounts -to
The
Is
to
from
relations,
over $200
per year per employee
It
annual Viscose payroll. •
reason
for
this strong benefits
program,
the total
assure
empioyee*
f
rate
dividend
requirements
Federal
consolidated
>
164, p.
260,747
pfd. stock
on
.90,000
tax
employees
freedom
from
sickness, accidents, and other
many
common
out
1945
460,951
,
i-
than
states
arisine
The
of .750
miles
operates at a direct operating cost.,of less
counting, three passengers. .It w&S
the first, time on Aug. 1 at Wichita, Kansas.—
'
"
1
?•
and
.cents per passenger mile
IV2
shown for
p.
2282.
Belden Manufacturing Co.—Earnings—
1945
151,343,489 207,369,260
130,186,247* 174,123,104
9 Months Ending
Net
sales
,sNet..income
before
Provision
119,703
Provision
for Federal
;.9^302,318
5,334,747
Provision
for
2,806,808
3,029,580
,10,974.677
7,800,622
>. ;
Net
.1,527,$00
1,432,211
7,431,440
893,353
for ..depreciation—
taxes (est.)
*—
,
—
403,000
contingencies
" ] 653,600
133,760
-
*
income
$523,363
-—
Shares of capital
^Earnings
-.4,247/016
/>•
1946
depreciation
4,828,409
441,052
..
1945 A
.$8,949,r44S,i'v$8i208,718
1,273,039
<1,165,755
/ ,212,915
195,602
Sept. 30—
billed™
6,559,426
•
charges
5,679,227
757,175
.
for;am6r£i?atpn'of
-
.
x
—v.
-
per
stock outstanding
share
291,640
$1.79
4
164, p. 1326.
\"
;•
$317,152
<
265,300
$1.19
■•'W'tl
■
^ell
■8,-324,793
839,094
.
of
unamortized
•;
;; ■*
.
*
•
cost
at
Sept.
■■-'
preferred
coin-
'
t
'
1,307
719,400
stock
Earned
per
sharq of
common
common
stock___
stock
1
.
i.,
1
444,000
j
„
j
2,295,233 ,95,712,554
? r
7,407
.110,299
,
.
9,287,8266,358,912
,
.
95,602,255
71,673,615
.•
84,995,040
64,514
a
84,930,526
55,841,492
.1,072,773
Operating taxes
1,721,193
9,708,218
17,804,569
1,614,476
1,169,803
1,207,721
> 778,494
14,220,422
11,284/465
10,210,248
7^97,058
572,223
510
■
^_
Net operating
Net
4,202,142
$0:05
'
2403.
*
*
-
s
•
)
126,916
$1.58
inc.
after chargesf
—V. 164, p.
apulicable to
V-
Ji),775^288
14,063
Operating revenues™ 110,361,225
Operating expenses
8,073,976
5,413,476
,4,922,052
1946^9 Mos.—194J
1946—Month—1945
Sept. 30—
.
1,500,000
•
:,
for period—.
f
1
.
,
30;
applicable to minority interests
on
*.
••/Operating, toveniiies ^-i
( Uncollectible oper. rev—
•*'
-
.
Income
Period End.
i>
i
r
*
irw
Krafft
worries
emergencies.
Approved by CAA
CAA
^
V.-164,
1946
income
—:
Net Income
Balance
ordinary
President of Barium; Albert Detwiler, Executive Vice-Pres¬
Cuyahoga Spring .as well as Robert C. Hardy and Jules R.
directors of Barium Steel.—V. 164, p. 2282.
/ *
Subs.)- -Earnings—
Sept. 30—
postwar ,cpptin*.
gencies (^tiliz,ed,as reserveJ(or,.amprt.)
U.
Remainder
Dividends
Mr
announces
corporation on Nov.
officially
emergency facilities:,-
that
tn
always
it has acquired full control of the
of Cleveland, Ohio, one of the principal manu¬
coil springs, wire forms and patented steel
acquisition is in line with the Barium Steel policy of
received
range
66,849
-
"•Income 'before-interest
Interest charges
this
eauaT
not
15 announced that its model 35 "Bonanza"
approval tfor certificate ;and that deliveries will
commence
from production tooling about Dec. 10 and that ra.te -iOf
production
will
accelerate
rapidly during
January,
February and
•March.
Present backlog exceeds 1,500 planes, Jack Gaty, vVice-President and General Manager, said.
" 'i
The
"Bonanza" is an advanced type, personal 4-place, all-metal,
cantilever monoplane .which, cruises at
175 miles per hour with a
savings from filing of
returns
lease ;amortization and abandons
Depreciation,. retirements and other amortiz
Js e<*uar to 10%.of
is
is
wire
Eeech Aircraft Corp.—New Model
1326.
164, J? Special charges
1922.—V.
points
it
of
1947
issue of "Crown Rayon
monthly magazine,, $4,500,000 a year are suent
by this corporation, ' The article
written
hw
director
of
The
$1,338,845
90,000
?rtlcle ln the November
benefits
reasons
Breuchaud,
$1,599,593
353,741
fAdditipn&l ,qmort, pf«Tyaivqmergency faciUtes-
:
company s
employee
mechanical
Corp.—Acquisition—
steel
of
Eberstadt,
9,005,131
759,280
355,594
Depletion,
Paf(T%afr—iSC°'e C°rP'~?4,500,000 Empl°yee Benefits
News,
■
Stamping Co., has been , elected Chairman of the board. The
of directors, in, addition to Mr, Van Uum and Mr. Jones, will
composed of J. A. Sisto, Chairman of Barium Steel Corp.; Rudolph
be
Reserve JLor ^wartime, nnd
on
'
y
board
-
9,875,187
operating income—.-:^.
Non-operating income (net )^.—
the -capital
stock,' par $loo, payable Jan 15
Dec. 16, 1946.
Distributions at the annual
"
L
accruals
Costs, operating and general expenses
*Taxes
Insurance &nd. miscellaneous, reserves
Intangible development costs____'__i__„_
57,848,029
record
'
metric
Net
<X Nov, 20, the directors declared
to
12
1946
(net).
Gross, operating
,2,399,571
24,766,449
18,576/836
41,571,744 138,669,286 125,935/935
44,260,208
___
the U. S. Dis¬
15, 1946, jLn
clips.
The
expanding apd coordinating into the varied departments of the steel
producing and manufacturing industries.
'
" >
The
Cuyaboga Spring Co. was established in Cleveland 40 years
ago
Among its customers are included the General Motors Corp.;
Ford, Chrysler, Aluminum Corp. of America, Bethlehem Steel, Inter¬
national Harvester and John Deere.
The Cuyahoga Spring patented
steel clips, aye used in trim molding, body molding as well as running
board molding.
The company's output is in wide use for the manu¬
facture
of motors,
pumps,
cabinets, kitchen utensils, and a wide
var'ety Of .other, products.
No
changes in the management are being made.
John H. V,an
Uum, who founded
the Cuyahoga Spring Co. in 1906, will remain
its President and Treasurer.
David R. Jones, President of the Geo¬
$12,483,980 $12,059,804
Atlantic Refining Co. (&
Declares Usual Dividend—
$2.25
income
9 Months Ended
,
Net operating inc.
Net after charges
reserve
•Includes
..
1946—9 Mos.—1945
28,509,656
of
March
possible.
as
corporation
facturers
.
Danahy-Faxon Stores.—
;S,436,286
dated
to arrange companiess in exact alphabetical
However, they are always as near alphabetical
Barium Steel
i'°'
3,065,409
Maryland,
modified,
7
The
into
$1,777,236
Annual
17,026,847
11,341,155
revenues—
Operating expenses
Operating taxes
of
as
Cuyahoga Spring Co.
.
$1,423,495
61,122
I
..
Nov.
on
divided
1.
19,300,851 161,774,931 178,220,932
41,617 ;
,,483,921
.*488,194
rev.
1944,
Stock Exchange
NOTE—-For
has
Telegraph-Co.—Darnings—
.17,087,969
-
;
20,
the series A
position
$1,493,918
•Other
$247,16^2^M1$9,953,^91
1946—Month—1945
con¬
per
,
Operating
announced
be
pay¬
amounts
—V.
Operating
would
.Operating revenue deductions
i Federal income .and excess profits taxes
1946—10 Mps,—*1945
of
plan dated Sept.
and confirmed by order
District
the
York
1946,
possible
Gas-Light.Co.—Earnings—
(Retirement
$3
the preferred stock on/July
1946—Months-'1945
therefore
lower interest rates."-
approved
was
order.
participating distribution
?$32,436,?18 .,$24,368,045
,
road,
Burlington
Income -deductions
Period End, 0ctt.31—
Sales
St. Louis Link—
Operating revenues
American. Stores Co.—October Sales
Up *33.1 %—
:
the
improvements
Atlanta
;on
the
on
participating preferred stock, all
record
on
12 Months Ended Sept. 30—
dividend., of ;$1.73 per, share
a
dividend
the
and
cumulative
1947,
paid on said issues
of 64
14 declared
Nov,
on
stock,
railroads
The
25% in¬
about 7%i
a
has proved
Ford,
$2,000,000 for the
stretch between Old Monroe, Mo., ,and Francis,
Mo., and $9,000,000
lor the long .section between Mexico, .Mo., and Kansas City, Mr.
Budd said.—V. 164, p. 2539.
,
American Service Co., Kansas City,
JMQ.—Dividends—
.The directors
need.
the
1,
*
for
New
Corporation with headquarters at
150 Broadway,
New York, N. Y., will maintain laboratories at 60 Dey Street, New
York, N. ,Y.—V. 163, p. .1999.
/President of
pre¬
in
)"> */«'
for
year
averaging
.*
The Atchison, Topeka & Santa Fe Ry. and Chicago, Burlington &
jQuincy RR. plan to spend $11,000,000 for improvements on their
.proposed joint line into St. Louis, Mo., if it is approved, Ralph Budd,
special deposits), $1,003; preferred dividends declared,
Oct. 1, 1946, $2,413,398; accrued taxes, $523,230;
liquidation
account—subsidiary, $327,088; other current liabilities, $525; capital
surplus, $36,026; earned surplus, $48,634,277; total, $266,548,675.—V.
164, p. 2150.
>\<W
meet
,
2,
Associated
Atchison Topeka & Santa Fe Ry.—Expenditures Total¬
receivable,
<*
this
increase
on Nov. 15 directed that beginning
bonds shall be dealt in "and interest" 'at
the
rate
of
2%
per
annum, and
the series C bonds at the rate
of 2%%
per
annum;
and that in settlement of contracts in such
oonds made prior to Dec. 2,
194G, interest shall be computed up to
Dec. 1, 1946, at the rate of 1% per annum and thereafter at the rate
of 2%
per annum on the series A bonds and at the rate of 1¥3%
per annum up to Dec. 1,
1946 and thereafter at the rate of 2%%,
per annum on the series C bonds.—V. 164, p. 2403.
was
Jordan
plan
The
Dec.
the
ing -$11,000,000 Proposed
payable
-,C'
to
of
15
interim
year.
with
and
materials
by the Commission on July
the. adjustment
to
Court
3% Vc
formerly Vice-President of Swift Business
and consultant for the development of new products
was
-SHEET, ,§EPT. 30, 1946
ferred stock, cumulative, $97,844,400; common stock
(3,008,511 shares),
$37,434,351; accounts payable, $33,452; accrued interest on long-term
(cash
April
on
this
rates,
wage
of
costs
;proceedings under Chapter XV of the Bankruptcy Act, beginning Dec.
1,
1946, the refunding and general mortgage bonds, series A, due
1995, stamped modified, will bear fixed interest at the,rate of 2%,
payable semi-annua'ly, .and contingent interest at the rate of 3%, pay¬
able annually and the series C bonds, stamped modified,
will bear
interest at the rate of 2%% and contingent interest at the rate of
20, next, $2,741,500
of itsM%
gold bonds due 1953, and all of the outstanding $11,800
of iV2% gold bonds due 1953, series B, at 101 and interest. Payment
.will. be..made at the Guaranty Trust Co. of New York, trustee, 140
j Broadway,
New York, N. .Y.—V. 164, p. 2538.
*
iaries, $1,118,899; other current assets, $931; deferred charges—prepay¬
ments, $13,519;total,, $266,548,675.
debt
effective
refunded at
be
Pursuant
corporation has consolidated
new
can
Associated Electric Co.—Calls $2,753,300 of Bonds—
$4,747,280
LIABILITIES—Preferred stock, cumulative ($6), $79,300,926;* $5
Commission
freight rates, and the
made
occurring
increased
unit
The company has called for redemption .on Dec.
ASSETS—Investment securities
and
advances—subsidiaries, $254,925,945; other .investments, .$4,640,000;
cash in banks—on
demand,
$5,803,141;
from
increased
Interest—
,
BALANCE
from
inadequate
bonds
2938.
to function as.management consultants.
as
Wallach
.Stevenson,
The
202,169
Expenses, incl.
Income
•
1945
$15,199,331
Other income
14
Rowland
H.
sand was formerly
,of
% 12 Months Ended Sept. 30—
Nov.
on
marine engineer and
Floyd H. Rowland
i
unearned.
or
8.
Irving D.
tSharp
2,918,330
5,094,360
chgs.
of
p.
Corp.
for International Business Machines Corp.
,
reduc.
spec.
162,
in the development of new products/and precision model-
Machines
•
extraorclin.
non-recurr. tax
i
Y.—V.
N.
to small business since it will enable Associated
well
as
Robert
should
of
Bank & Trust Co.
York,
New
other newly elected officers
Rowland, Vice-Presidents.
earned
excluded
effect
Street,
and
H.
be
cons,
if
surp.,
be
5,094,360
would
Salitrera
Development & Research Corp.—Consoli¬
Fioyd
its operation
•
76,430
emphasized the difficult situ*
itself today because of the un¬
cost
a
trict
direct aid
a
Robert
Balance,
Balance
Wall
announced
was
with
16,665,538
407,054
2,236,912
540,078
567,100
(Compania
Corp.
dation—
491,184
27,192,116
115.498
134,471
other
and
Nitrate
Chilean
-
of
Associated
16,174,354
26,989,946
202,170
It
Expenses
$2.19
16,174,354
26,989,946
Co.:
Other income
$1.52
made at The Commercial National
trustee,
subs
Pwr. & Lt.
Net equity
in
co.
$4.98
—
sinking fund income debentures, due Jan. 1, 1967. are
being notified that $323,000 sprincipal amount of these debentures
outstanding have been drawn by Jot for redemption through the sink¬
ing fund on Jan. 1, 1947 at par plus accrued interest. Payment will
16,192,132
32,400
applic.
interests
$922,770
Anglo-Chilena)—Partial Redemption—
Holders
Portion
1944
$640,503
194G
capital stock
164, p. 2006.
21,864,340
5,624,940
4,872,806
1,354,428
6,763,456
aivs.
1945
$2,100,301
Sept.,30—
335,370
249,516
—
ijj
tax carry back credit of about $19,000 000 which the B. & O. will
this year, Mr. White explained, it would be faced with a deficit
of about $15,000,000.
•*
Stating that the company was now able to proceed with the carry¬
ing out of its new adjustment plan, following refusal of the Supreihe
Court to grant petition of an objector, Mr. White said that the new
securities provided by the plan will be ready for distribution ne^t
Spring. In this connection he continued:
"The capital structure of the company has been revamped under
the adjustment plan so as to put it on a sound basis by extending
maturities, placing part of the interest on a contingent basis, and
removing legal obstacles to the refunding of our high interest rated
bonds. Further progress, However, is dependent upon "the granting of
reasonable rates to
the carriers by the Interstate Commerce Com¬
mission to offset heavy increases in operating expenses due to in¬
creases
in wages,
taxes and cost. of supplies, so that the railroad
credit will be restored to the point where our higher interest rated
—V.
-<
franchise
was
for
Co.—Earnings-
for Fed. inc.
prof, taxes and conting.
shr. on 421,981 shares
exc.
Earns,
from
or
in
totally
Net income after prov.
and
Transfer
",
use
41,241,909
Dr 12,626
Net oper. revenues-
"
•
tinued ;tbeir, j)lea to the> Commission for. the full 25% increase and are
hoping that a favorable decision will soon be announced. Were it not
.
,
$32,000,000
Commerce
crease
settlement of Exchange contracts made prior
accompanied by due-bills; that ail due-bills
Dec. 27, 1946.—V. 164, p. 2402.
Anaconda Wire & Cable
Other income
t.-1
then
the
company finds
increases in operating
about
which
must
1946,
cars," and
freight
which
$3,000,000
state
Dec.
10,556,936
•_
Dec.
••; /
These
payroll
supplies,
and $4,000,000 needed to pay for the provisions of the Crosser Bill,
with its expanded retirement and unemployment allowances for rail¬
road employees—or a total of $44,000,000.
Alarmed by the serious effect which these increases had on rail¬
road earnings the railroads, Mr.
White said, applied to the Inter¬
include
pre¬
prior to Dec.
5,
hew
in
precedented
1946. The Exchange directed that the common stock be not quoted
dividend until Dec. 24, 1946; that all certificates delivered
to
9,624,917
deplet.
approp.
not
Nov.
on
2541
atiori
said
after
2,392/662
4,823,609
4,459,235
-
retir.
Prop,
ness
30,933,338
.2,626,967
.
taxes
entire
The Exchange
be
and
1946, of a dividend of $58.50 per share,
accumulated
dividends
in
arrears,
payable
declaration to holders of common stock of record at the close of busi¬
ex
^
At the 120th annual
meeting of the stockholders held on Nov. 18,
"Roy E. White, President, reported briefly the high points of the road's
.[Operations for-1945, including. the ^acquisition of .51 new locomotives
Dec. 3,
on
certificates delivered
24,
v-/"/*
-
•Bonds to Await Freight Rate Rise—
abchip.
Co.
12, 1946;. that
Dec. 3, 1946, in settlement of Exchange
12, 1946, must be accompanied by duebills; and that all due-bills must be redeemed on Dec. 16, 1946.
The Exchange, has also received notice from the
company of
the
ex-
traora.
non-recurring
reductions)
Other
the
ferred stock
32,452,792 138,508,560 135,224,814
12,991,653
55,873,443
52,867,714
34,316,732
Equipment
Exchange has received notice from* the com-,
declaration to holders of 7% preferred stock of record at
1946.
contracts
$
revenues
12,
tAmount by which 1945 Federal
write-off ,4>f unamortized cost at
Daltimore & Ohio tRR.—New Securities to (Be Ready
Distribution Next Spring—(Plans for Refunding of
-
York-Stock
representing
con¬
(& Subs.)—Earnings—
Subsidiaries—
Operating
Operating
Foundry
the close of business
all
American Power & Light Co.
New
pany of the
120,045 shares)
and
common
stock (par 10<J>
(maximum 371,325
shares). The shares will be issued under terms of three alternative
;
through
for
American
The
unspecified number of $2 cumulative preferred stock (maximum
an
New
—-
American Woolen Co.—Dividend Ruling—Cash Di v.—
filed a registration statement with the, SEC
The company on Nov. 13
for
Equipment* Corp.
reduced
.
>Name—
",v
"•
.
Wheelabrator &
facilities.
emergency
was
Ayiation 4C^rp.~VRurcn^?es of)Minority Interests id
^SubsidiariesTlatified.—Bee American Central Mfg. CorpV
*above
Cfrosley Corp. and-New Idea, Inc. below—V.
164^ p. 2282."
' ;
'
■'
"
\
15, it was an¬
by Otto A, -Ffaff. -President.—V* 163, p.
*
war
tax
.
the
over
of
■■•-Sopc.4*0,-1945.^ 164, p.,25391
output of the electric properties of this company for week
> 16,
1946, totaled 95,539,000 kwh., an increase pf 20.84%
output of 79,061,000 kwh. for the corresponding week of
1945.—V. 164, p. 2538.
y
-dividend of II per share on the com*
mon stock, payable Dec.
16 to holders of record Dec. 2, and a regular
quarterly dividend of 62 Va cents per share on the 5% cumulative pre¬
ferred
ment
.-
Power
The directors have declared
nounced on; Nov.
;
Ohded Nov.
"
-f":
,
employee: ^income
and
pay,
v
American ' Water Works. & Electric Co., Inc.—Output-
group/
Declares Dividends—
.
vacation
Mpnday^November n25£ 194$
/■-
'^/'/^''s'.'-
plete program includes sickness and accident benefits, group life insur¬
developed by the company and used for cleaning and finishing metal
products In many fields.
- i
*
•
The
majority of the preferred and common stocks of American
Wheelabrator & Equipment Corp. is owned by First York Corp., of
the
V:.iv;■
v
,
^Federai income tax: 1946, $688,100; 1945, a credit;of
giving effect to loss carryback resulting from adjust*?
Bendix Home Appliances, In<v—Div.
The -First .National Bank of
$698,600 after
'
Disbm:sing Agept
Jersey "City has been appointed dividend
disbursing agent for - the common stock.—V. -164, -p. -4.
'j, t 't
r.
i
/
i i '
i : i 1 • 'i■•,i<
-
Number
Volume
Fi-Jfitfeifr
THE COMMERCIAL & FINANCIAL CHRONICLE
4545
u:i'h
u
•
Beneficial Industrial Loan Corp.
I
9 MOS. End. Sept. 30—
1946
1944
$25,197,512 $21,036,002
prov/ < /.
/■
'/ "
'i%*.*' '
loans and•
•*.
/•> ■•■/.,.
Operating income
Oper.' exps. (incl.
for doubtful
/depreciation)
17,485,657
_______
vns%ni
$20 ,70o,ooi
'
Income credits
ltP:
-
'
.
13,154,423 "
$7;430,759
$7,551,078
"
Coupons due
Dec.
on
1,
will be
1946.
55,104
-
i
■
'
f_
■
,*
130,408
\
Interest
expense, etc.—
for Fed. inc. taxes
Prov.
i
769,594
2,729,696
Prov. for contingencies-
i
./■
I
89,547
•
-
1
* 'Bond Investment Tfust of America—Extra Dividend—
Net income
,
The trustees * on- Nov. .13 -declared the regular semi-annual distribu°h "fl2,
&i
f*tra distribution Of 10 cents cin each outstanding
unit of ^beneficial interest in
683>396
$7,640,625 • »$6,323,973
;
579,730
1,802,623
538,529
—
4,054,362.
7^
$3,047,734
14,120,432;
1,328
/
4
V,
Total surplus
Preferred
dividends
t_u.
Common dividends-, -^--
fchs.
-2,029,860
,
1,800,000
1,800,000 ; 1,800. Q00.
.
riW*
•
i
$17,078,173 $16,488,395 $15,043,697 $15,252,912
:
stk* .outstdg.
2,383,100
2,600,000
2,000,000
2,000,000 1
per fhare
^
$1.74
$1.56
$1.38' .'.)$l'.4fr
•
,
•SEPT.';30/■. 1546C ;
'CONSOLIDATED BALANCE SHEET,
• -/V
110,684,17^U.
/isSETB-CasK,
/' 'i
u
S. Government obligation.,. $1,66G,:
i381;.;intalment notes receivable (alter reserve for doubtful notes of
!
$5,891,226), $81,196,059; other notes and accounts receivable^ (incl.
!
$21/999, due from employees), : .$543;826;. "investment ^(26,285 Shares'• ■-«"
$749,154; real.estate—at cosMless.reserve for depreciation of $15,893),
$87,907; furniture and fixtures—at cost (less reserve for depreciation,
$713,690; carrier .operating .property—at cost (less reserve
$2,962,141), $2,061,297; cairier materials and supplies
i-ftt cdSt; $323,605; unamortized debenture discount and expense and
other deferred charges,
$557,389;
franchises and other assets, less
$873,149),
"Net
$?serve, $137,619;
total,
!
Federal income taxes,- $4,(rinci;-accrued .interest on debentures of
accounts
payable
hrift accounts, $3,199,918; 2Va%
?208,333), .$4,045,686; purchase-money obligations,.$564,000;. 1961, $20,employees',
debentures, due May 1,
deferred income—unearned discount, etc., $810,351; minority
interest in..capital stock, of subsidiary company, $12,500; $3.25 pre¬
ferred stock
(100,000
shares, no
par), $10,000,000;
common
stock
000,000;
par), ,$23,831,000; paid-in surplus,
$17/078,173; total, $98,921,097.—V. 164, p.
42,383,100- shares,
.
«arned
'♦
surplus,
Bethlehem
no
$1,185,750;
2403.
Deprec. and
/equipment
Discf.
Corp.—Bonds Offered—New money
Steel
and Smith, Barney & Co.
It consisted of an offering to
the public of a new issue of $50,000,000 consolidated
30-year
<due Nov. 15, 1976.
mortgage
sinking fund 2%% bonds, .series J,
The bonds were priced at 100% plus
-
extent
to
1,
provements planned will be made in the corporation's plants at Sparscows. Point,
Md,, Lackawanna and Blasdell, N. Y., Bethlehem, Pa.,
Johnstown, Pa., and Los Angeles, Calif,—V. 164, p. 2403.
iBouthern, have filed a joint application-declaration with the SEC with
xegard to the transactions following proposed transactions;
Birmingham proposes to issue and sell 45,509 additional shares of
•common stock, par $2). Such, shares would be offered (in the ratio
of one-fifth share for each share
held of record) for subscription
rata by the. stockholders - of Birmingham at the price of $8 per
share. Transferable warrants expiring 30 days after their issue and
evidencing such right to subscribe for the additional shares would be
issued to all px-eserit holders of Birmingham's common stock. Warrants
3n respect of fractions of a share would be issued entitling the holder,
iipon surrender thereof and of other warrants together aggregating
one or more
full shares, to subscribe to the number of full shares
which such warrants shall together aggregate, but no
subscription
would be accepted for fractional shares.
The proceeds from the sale of the additional shares of Birmingham's
common stock would
be used for construction of additions and ex¬
tensions to its properties.
Birmingham proposes to solicit proxies from its stockholders for the
®urpose of Voting upon an increase in its authorized common stock
aand requests that this joint application-declaration be 'regarded as a
pro
,
(declaration
755,747
v
«
~
>
part
BirmingJbam (except the shares held by V. van den Berg, Jr., va director of
Southern) at the price of $10 per share, said offer to expire 60 days
#fter .Birmingham ,advises its .stockholders of the proposed sale of
(Additional.stock.' At Southern's option/such offer may be extended for
St further period or. periods riot exceeding 60 days in the aggregate.
Southern proposes to exercise its pro rata-portion of the subscription
any
.
ner
,,
'fc
-V,jl64,
$»
>
.
~ '
.
,v
•
all or any part of
warrants to be issued to the minority stockholders
«ef Birmingham's common stock at the price of $0.40 for the rights
/issued in respect of each share, or $2 for-a warrant to subscribe for
tone full share. This offer would expire at the expiration date of
such
warrants. In addition Southern proposes to purchase, within 10 days
iafter the expiration of such warrants, a number of shares equal to
ithe number of shares proposed to be issued-by/Birmingham and not
otherwise subscribed for."
J*
^"Southern 'further proposes, subsequent to the expiration of the
(Offers mentioned above,- to purchase. additional shares of Birmingham's
ioornmon stock from brokers In the open market at prices current at
the time of purchase, or direct from stockholders at prices approxi-
"
■
.
26,236.680
.26,236,680
of
indebtedness
and
S.
U.
Blaw-Knox Co.
(&' Subs.) —Earnings—
I
will
for
income
taxes,
transfer from reserves
•tlncludes
"./postwar" adjustments of $450,000
mxonths.
■//.
...;•/>
...
contingencies,
for estimated
and
prior years for war "and
for quarter and $1,350,000 for nine
created in
<%
•.
; :
-
•
bonds
and
notes
of
other
be .available
companies and
goodwill,
,
Buflovak: Northwest
of
Co.,
whose
give-effect
ferred
«/^Unfilled
—-V.
}f
purchased as of April 30,
orders
164, p. 1864.
are
higher
than
for
1946..
any
,
;
.
other
:
shares
309,600;
paid-in
$39,629,845;
capital
and
$10,842,280;
surplus,
164,
total, $105,268,177.—V.
p.
2539.
29.
declared
15
operations
surplus,'
p.' 2012.
peacetime
period.
distribution
June
made; on
was
1945, the following dividends
$1.75.—V. 162, p. 2636.
15,
paid:
were
this
June
year.
dividend
of
payable
with
loc
and Dec.
Blue Ribbon' Corp.. Ltd.—Calls Three Bortd Issues-*The
corporation has called for redemption on/Dec. 16, next, all of
2,/fe% and 3% iirst secured serial bonds at 100 and
interest,
and all of the outstanding 4l&Vo
first secured sinking Tur.d
redemption of the present pre¬
1.250,000 common shares (no par) all
of
.
_
12 >/2c
Nov.
has
been
of
share
per
30
record
holders
to
declared
Nov.
Div.—
the
on
20.
This
Arranges for Bank Credit—It
gen.
believes that
give
to
the
it
enable the
ihadc
were
with
period of years.—V.
as
the
interest
the stockholders
of
and
i
of
Mr.
to
pay
arrange¬
for the stock over' a
him
104, p. 2403.
Co.
Consol.
(&
(Mexican subsidiaries ne.t consolidated)
-
Util.
deducts.
costs & *exps._
65,432
71,260
oper.
Non-util.
rev.
-
Subs.)—-
$145,102"
revenues
Other income (net)
Gross
Total
-
>
$176,501.
38,029
41,990
deductions-
Federal income
31,402
$243,952
.
.-
.
taxes.—.
,$2,452,644
1,052
.
$245,004
46,970
73,630
.
income
900,000
53,293
.
58,196
taxes
on
income
$2,510,840
'
'
$4,129,109 $11,573,513
$0.61
.__
539,433
$0.69
.
Central Indiana Gas Co,—Earnings—
12 Months
i:
Operating
Ended
•
1946
Sept. 30—
Fed. income &
deductions
386,246
144,469
profits taxes--._.___—-•
accruals-.,
exc.
reserve
income
49,999
$533,937 *
131,655
income———.
income—net
Gross
'/143,715-
124,990
j Amoctiz. of utility plant acqui. adjusts.—
Utility- operating
1945
$4,309,431
3,405,573
450,77^
$4,261,589
3,071,935
revenues—
! Operating revenue
766,601
1/64, p. 1715.
from
158,663
.
$418,023
127,78®
'
$290,243.
$468,474
—
•Incl. Fed. tax savs;
$259,36?
$665,593
,v.
197,118
601,973
640,820
v
^
$5,630,340.
$1.68
D. Winter, Chairman of the board, announces that th®
capital of this company has been increased $1,000,000, bringing totat
capital to $1,500,000. The surplus is over $1,000,000 and the surplus
as regard's policyholders is
in excess of $2,500,000. The assets of the
cdffipany .are now in excess of $4,900,000.—V. 153, p. 684.
$2,742,428
r
/"
Centennial Insurance Co.—Capitalization Increased—
$7,075,282
3,498,569
857/852
$2,718,861
23,567
209,852
0,980,600
8,497,000
William
..
.....
3,394,738
900,080
•
159,520
2,956,000
—
Fed.
for
$40,519
filihg of cons, rets,
$125,33®
.
'
Bonds Placed
Central Louisiana Electric Co,, Inc.
Privately—The
Net
4,442,789
300,000
"Based-ori 5,514,107 shares presently outstanding.—V. 164, p. 1589.
—V.
income
inc.
.
7,208,334
'
.
«
$7,423,938
4,010,915
960,379
309,912
27,032,540
$8,776,504 $24,956,576 $19,824,213
180,748
616,246
291,390
1,518,850
Net income
Net .oper.
8,315,066
discount, premium
income ■■.'
"Other
$625/124
—
33,271,642
2,629,133
1946—12 Mos.—1945
1946—Month—1945
$609,603
399,069
revenues
company
on
Oct 15 sold privately to
$1,373,854
Jdhn Hancock Mutual Life Insurance Co, at 102 and in¬
15' directed that deliveries cff
mortgage bonds, 3%- series, due 1976, up to and, including Nov.
27, 1946, may be made either with temporary bonds or with .permanent
bonds; that beginning Nov. 29, 1946, only" permanent bonds shall be
.a delivery.—VI <164/p.
2539/
'
f//
'i-A '■ '
•
*<
$1,100,000 first mortgage 3% bonds,
1,1970. Proceeds were used to refund
$570,000 first mortgage $^%,bonds series A du^ Jan. 1,
,1961, $300,000 promissory note .due Nov. 9, 1946 and
balance foi* corporate purposes.. * '
..
$96,485
•$124,404
$1,330,587
Form of Bond—
terest
The New Yolk Stock Exchange on Nov1.
./_,
{
v
;•
.<
•
.
•f
.
"
..
EARNINGS FOR'PERIOD ENDED SEPT. 30
-
•
.43..:
Company is inviting bids for the purchase of 50,000 shares of com¬
mon/stock (par $25)' the bids, to be received by the company at
450 California St., San Francisco,
1946.—V. 164, p. 2404.::—5:
jCamjpbelj,r Wyant
directors
The
.on
the
each
■
up
Total
the
on
Nov.
three
declared
14
preceding
a
dividend
Cents pef share was madd.
<
On Nov. 18< the company paid
as
a
Steel Foundry
operating
of
Other
Cd<—5bV t)ivl—
I
,
^
revenues
deductions-^—
-
50 cents per share
regular payment of 25
//
"
' 5" //
dividend of $1 per share
a
Gross
:
•
'.
12 Mos.,*4®
$619,296
$2,069,88®
-491,038
"1,800,843
$128,258
$269,033
$617,462
485,067
/
3,755
2,414
14,614
$136,150
$130,671
$283,64®
income.
inc6me^____—
5,462
Total income deductions
Prov. for Fed. and State inc. taxes-
;
.V-
./
25.08®
6,425
Cr7,732
13,148
$117,540
$131,979
!
36,011
$222,548
-V/164, p.'2151.
Co. in connection with the liquidation of that company.
1679.'
i-946-w3Mos.-^1945
,
$132,395
v
a special
distribution of a portion of the funds received from Ordnance
—V.. 164, p.
(
Total oper. revenue
to 10 a.m.,
12 .to holders of. record Nov. 26.
quarters,
i
*
i f
& Cannon ITpundry
.capitaJ stock, payable Dec.
of
issue of
an
series B due Aug.
'
California Water Service Co^—Bids Invited—
American Trust Co.,
(Continued nn^page 2688)
\
Financial Chronicle (Reg. U S. Patent^^flcfe), William B.Uaha Company, Publishers, 35 Park Plaee, Hew York.8,U J.,
StiSSMo^?da^
William Dana Seibert, President; William D. Riggs, Business Manager.^Published twice a week [every Thursday (general n|wa and advertislng l^e) with a statmtical issue
"offices: 135 S. "La Salle St.. Chicago 3, 111. "(Telephone: State 0613): 1 Drapers' Gardens, Lbndon, E. a, England, c/o Edwards &
n
o
PoSS -rSSortes Sd Mraabra? ot
ss eecond-claas matter February 25, 1942, at the post office at New York, N. Y„ under the Act of March
3, 1879. Subscriptions^ in United• -States^ U. S, PosstesioM, TCrnwrtoraa Members or
Pan-American Union, $26.00 per year; in Dominion of Canada/ $29.00 per year.
Other Countries, $33.00 per year. NOTE/OH account of the fluctuations In the rates of exchange, rem tta cea
for foreign subscriptions and advertisements must be made in New York funds.
/
- ,
<
The Commercial tthd
M
—9 Months——.
1945
■
;
/1946
$8,957,252 $25,572,822 $20,115,610
debt
I Retirement
Power
|
ll,405,637
deprec.—.
,
p
:V~\ /'''!''
be¬
and admin, expenses--
"Earned per common share
of
executive employees an oppor¬
long-term investment and not for
Bulova
Period End. Sept. 30—
Operating
t;
*
;
■
•
v
STATEMENTS
,1946
returns
operations
expense
Provision
Net
.
years.—V/ 164,
comoanies)
companies)
3 Months
.
income
/Amort,
and
a
employees to make this purchase,
Electric
California
is in
officers
to purchase this stock
distribution. To
ments
war
.
$34,400,747 $99,064,128 $77,818,151
from
oper.
Total
company.
company
the
EARNINGS
Depreciation
Bulova, Chairman of the board, on Nov. 20, announced that
of 19,160 shares of this company's common stock reported to
the
Securities
Exchange Commission and to the New! York Stock
Exchange was stock which he sold to officers and executive personnel
tunity
of
subsidiary
subsidiary
Interest On debentures
sale
Bulova
the
announced
was
Arde
the
to
results
CONSOLIDATED
profit before
Other' income'
Bulova Watch Co.—Stock do Officers and Executives—
Mt.
the
depreciation
Selling,
working capital. At the same
has completed arrangements with the
Continental Illinois National Bank & Trust Co., the City
National Bank of Chicago, and the Bank of Manhattan
Company, of New York, for a $3,500,000 three-year re¬
volving credit—V.. 164, p. 1714.
of
with
allowances
time the company
his
combined
are
income
fore
to be added to
are
effect
.
sales, less discounts,
Gross
common
compares
sinking fund note in the amount of $3,000,000 to The
Mutual Life Insurance Company of New York.
Pro¬
ceeds
1946
$12,416,858
after .giving
.
•an*
Nov. 18 that this company has sold a 15-year 3J/4 %
on
is
Period Ended Sept. 30—..
"
,
share paid ott June 1 and Aug. 30, lft8t.—V. 164, p. 2539.
per
profit
CONDENSED
1
/
$1;
15,
Brunner Manufacturing Co.—Declares Larger
A
,
the
(Including,
(Including domestic
Gross
In
Jts-outstanding
consist
and
Celanese Corporation of America—Earnings—
•Earnings- V
-
.
issue
.
/
14 to holders of record Nov.
In
stock,
whfch^^^
fadilties
of /the
dividend of $1 per share on the
a
expansion,
"carry-back" provi-.
Internal Revenue Code, which provide forr a" reduction
of Carrier years' high taxes when. current
operations result in a loss
of
when profit is abnormally low,
These provisions recognize that"
-excess profits taxes previously
computed for the war years were in
effect preliminary estimates of the tax
liability for the war :period
and the post-war year of reconversion and that final
determination
of excess profits taxes can
only be made as the results of 1940
-
capital stock, payable Dec.
similar
A
Nov.
above
sions
Borne-Scrymser Co.—To Pay $1 Dividend—
on
PVn,n-inn
————
The
$105,268,177.
earned
-
,
the
the
for
program
funds'
other
for
nrnernm
It*^stSe
'
with
purposes. »
a
a
^provment
will
Profit
warranties, $71,631; reserve for special purposes, 4369,786;
stock, $20,000,000; common stock (2,461,920 shares), $12,-
preferred
plus dividends
together
EARNINGS FOR MONTH OF OCTOBER,
for
reserve
and
/.
undertaken
undertaken
the/new
to
invest¬
LIABILITIES—Accounts payable, $5,652,954; accruals (incl. accrued
payroll), $4,320,356; provision for taxes on income, ,1946 and prior
and for
renegotiation 1945 and prior years (after deducting
U.
S.
Treasury savings notes of
$9,700,981), $7,205,384; deferred
credits
to
income, $423,191;
reserve
for contingencies,
$4,443,150;
_
Tbusiness were
nas
has
to redeem
—
balance
and/provide for- hew facilities and the rearrangement of existing facilUies.ito improve store tfaffid flow, r
,/.^ke capitalization of Carson Pirie Scott & Company as adjusted to
years
P6T, on Dee, 3,
assets
be used
■J/oceed» x>f the .sale will share
at $105 a
date/The
,
miscellaneous
$1; :total,
registration
icgiauw/iui*
a
a,
construction, store fixtures, elevators, lighting and
improvements, and will increase / selling and operating > spacex
°"^er
:
(inch 125(184 shares of Borg-Warner common stock), $1,378,460;
property, plant .and cquiptnent
(after reserve for depreciation <of
$12,372,759), $21,036,693; prepayments and deferred charges, $4,894,074;
amortization, ,$476,382;
Commission
vuiuuhdojuu
preferred shares
««
for, general corporate
comoanv
company
ments
less
$5,805,000
mercantile 'establishment*/
Exchange
«u»v«o»i5c
pected includes new
to involve ;*XpeUSof^^
gram
NOTE—The nine months' earnings have been charged .with $132,481
^representing goodwill
and
...
$6
redemption
modernization arid
$23/524,219/-:U. ;S. Treasury/
Treasury savings notes, and
,
stocks,
1945
.
Doipinio.n of Canada bonds. ($140,000), $10,444,429; accounts receivable
—customrrs, 4ncl. /termination claims, less' 1
ployees'
and officers'
traveling
advances
a
$71,054; rdther
notes
and Faccourits
receivable,
supplies, Work in process, and finished goods, less reserve, $29,063,830;
'
reserves
to
The
aue
,
""After
Securities
v.»v
^
$2.47
first
Eerlod End. Sept. 30— '• 1946—3 Mos,^-1945
1946—9 Mos.—1945
Shipments St billings— $8,796,073
Not: avail. $35,997,797$119,670,624
^Net profit
t688,741 : 632,473
tl,742,805
2,065,191
/Earnings per share
$0,51
$0.47 .
/ $1^0
$1.55
the
..
1&'"°
accrued
2,336,735
renegotiation adjust^
hand,
on
with
ittQ0'K,S
19,990 outstanding
^
2,336,736
$1.93
;
....
banks and
in
'
$6,300,000
•
.
.
CONSOLIDATED BALANCE SHEET, SEPT. 30, 1946
ASSETS—Cash
>
1946
2539.
p
-~r—
*
'
,
..
€
nnmherert
2,244,544
For the third qUarte'r of 1946 net earnings Were $2,23*7,214,
compared
With "a *net-vf "$985,971 for the third quarter of 1945.
»
: / - •:
"
;4matAy. equal to, quotations in the over-the-counter market at the time
«Of purchase.-^-V. 164, p. 416.
*:
shares
uunng ;ine inira quarter.
Carson Pirie Scott & Co., Chicago—Registers with SEC
"^PeAoojs,-;fbut'
of Birmingham and to offer to purchase
*
outstandine
j. Th* company, rone df Chicago's Oldest
has filed
7
•
.
common
,
ithe- subscription
1946
statement covering 50,000 cumulative preferred shares ($100 par),
569,241
Subject to^ SEC clearance, they will be offered for sale, at a price to
1 f-/'-""
; be. determined later, by a group of underwriters headed by William
44.453,413 m
44,453,413
/Blair "* 9° »"« "■> VJ- »ccii.er « co„ inc.
&
and A- G- Becker & Co., Inc.
568,069
/taxes and sundry charges.
SfeSts, ^^lP?axefs andr|SndSnchaSe^
'
Warrants
September
Week Ended Nov. 14—
I
950,512
2,327,817
2,336,736
•$L65
^
the
under Rule U-62,
proposes to make an .offer to purchase all or
the outstanding minority interest in the common stock of
/"Southern
of
$ Traffic earnings..
•
cern—Also
Co., a subsidiary of
end
\!
(The) Buda Co.—Obtains Loan from Insurance Con¬
Birmingham Gas Co.—To Sell Stock—
same
,
.
Net
Southern Natural Gas Co. and Birmingham Gas
the
Canadian Pacific Ry. Co,—Traffic Earnings—
contemplated improvements
which the
the
/
'•1944
484,135
.•
15,
$79,523(200, of which $25,502,063 had been spent
The
and
•/£
prior to Oct. 1, 1946.
are to be made
•will depend, according to the registration statement, upon changes in
tmsiness conditions and the demands for steel products.
The im¬
sale of
plant
on
nS^O?
Earnings
St
-'1945
prof, taxes
.prof/taxes and rcneg.i '2,481.034
rcneg./ '2/481,034
and excess
The directors
the
On
—
Ui
-
...
1,393,731
$25 par value
from
At
year.
$8,510,914 $33,647,007 $53,041,270
amort,
the bonds will be used to provide
for additions and improvements to five steel plants of
two
Subsidiaries.
Estimated cost of such improvements now planned total
proceeds
—
966,369
—_
sales, and'sundry charges—
Prov.
Prov, for est. Fed. and Can. income
accrued interest.
//Net
funds
7u
,
'" ■
1946
on
patents,
financing for construction purposes on behalf of the
corporation and subsidiaries was announced Nov. 22 by
an underwriting group headed
by Kuhn, Loeb & Go.
$11,296,848.
\
securities
$7,544,544 $32,891,260 $52,090,758
earnings
certificates
$98,921,097.
LIABILITIES—Loans payable, $14,050,000;
343,720;
951//|p/:'
profit-—™——'
earnings. _i__—
/Total
for depreciation,
\
year.-/V. 164, p.
operating
; Other
surp., Sept. 30_
com.
1, last
9 Months Ended Sept. 30—
I
I' Earned
Dec.
on
C_w
$19,635,943 $18,646,423 $17,169,494 $17/706,420
410,548 .
86,749
54,518
382,229
*
117,362
1 271(279
;^271,279 • , 271,279
--
Surplus charges (net.)—
i
-Warner Corp, (& Subs.) ^Earnings—
;
with
2,467,124 showing a gain of 25 720 shares during the third quarter
the Trust, payable Dec. 2 to holders of
—V. 163 p. 2575
units of record Nov. 16. This makes a total of "$4.lo for the
year .1946/
.
•
a<< , a j '
' '
as compared with $4.50 in
1945. :an/:extra;...of:i$aBMfci'rihie;;iheeri^/
1945, an extra of $.150 having been paid
14,514,800
15,253,267
—
i
$3,191,620
15,368,273
1_
company,
,
,
'
750,000
—
$4,267,670 *$3,393,156
.
Earned surplus, Jan.
i
•
tiu.
__
$7,561:16?
622,693
3,545,318
;;.,i—
the
to
.
'
'■
'
income
of
amounted
a
quotations,
.
,
1538.
p.
market
.Snd
ran
caci
26 S3
.
dat=s net realized profits on sale of investments amounted to $904,923
sales
the Quoted mnrlr.** volno
and ,the quoted market value of investments, exceeded their average
/cost by $1,605,443.
<
/,
,
Reflecting the third quarter decline in stock market prices, per
^alue on Sept- 30- me was 4.5% lower than at the
end of 1945 and 3.6% higher than on the corresponding date last"
«.
fiR3 38fi
'
.*
assets
On/Sept. 30, 1946, total net'
valued at
.
paid on presentation in 'the
4u«
presentation of the
usual
anri
shnulrt
h«
riaianhnrf
usual manner
manner, and should be detached prior to
above mentioned bonds for, redemption.—V.- 161.
..
8,634,808
v/l
«M"
Canadian Investment Fund, Ltd.—Asset Value—
:
Winnipeg,
at the
•
.
*"'•
...
Gross
V
London,
option.
s
,
13,605,243
Hamilton,
Ottawa,
Regina, ^Calgary, Vancouver and Saint John (N.B.), Canada,
holder
i
$7,711/355
income
oper.
Bank
1943
«i4?7S47<r
$14,-/0,4lb
_e
Net
bonds at 102% and interest.
Payment will be made at tile Dominion
in
Toronto, Montreal/
<& Subs.)—Earnings
1945
.////>.'li,/
c;
;
1
"i rf'-'if-.
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, -November 25, 1946
Capital Flotations in the United States During the Month of October
The
And for the Ten Months of the Calendar Year 1946
Sep¬
1945.
The sharp decline in the issuance of capital issues which
set in in August last has continued into October.
The
principal cause for this recession is due largely to the
prevailing bearish state of the stock market and to un¬
New
t
New
Total
Refunding
Capital
First quarter
$
322,970,703
141,067,908
307,414,675
306,474,227
—
Capital
684,631,086
1,304,827,000
1,303,440,000
U.
S.
Savings bds.
Tax
Total
Antic'n
991,105,313
1,304,827,000
1,303,440,000
2,340,643,000
2,340,643,000
494,111,145
Depositary bonds—
494,111,145
2,500,000
248,217,700
notes.
2,500,000
248,217,700
for September
8,308,080,845
7,563,252,000,
3
91
day Treas. bills
1,301,964,000
10
91
day Treas. bills
1,306,438,000
1,301,964,000
1,306,438,000
1,306,394,000
1,301,905,000
Oct
Oct
Oct
17
91
day Treas. bills
1,306,394,000
Oct
24
91
day Treas.
1,301,905,000
Oct
31
91
day Treas.
Oct
1
Ctfs.
Oct
1
U.
bills
bills v 1,303,261,000
indebt—
1,439,522,000
of
S.
1,303,261,000
1,439,522,000
519,370,707
Oct
4,586,000
4,586,000
Oct
Tax
183,503,000
183,503,000
Antic'n
notes.
519,370,707
.
8,666,943,707
7,959,484,000
707,459,707
91,242,894,629 82,445,361,000
8,797,533,629
•INTRA-GOVERNMENT
FINANCING
Issued
#
$
six months
for
Retired
$
736,847.786
877,915,694
146,844,872
339,563,928
555.122,202
367,086,226
76,399,341
36,115,868
108,100,665
189,591,294
85,002,408
2,331,581,044
205,000,000
570,888,000
184,500,006
225,707,162
160,961,995
148,990,455
Total
for
July
—
50,000,000
155,000,000
12,715,000
558,173,000
775,888,000
Notes
486,408,800
656,045,237
$
14,068,322,000 11,736,740,956
Certificates
$
176.456,350
191,107,290
363,837,701
137,683,000
98,346,215
103.534,713
Net Issued
July—
Total
38,773,350
62,615,780
45,455,742
744,828,845
Savings bds.
Depositary bonds—;
Total
Refunding
$
$
278,899,772
162,182,000
295,766,014
$
47,088,901
1
Sep
V,
$
1,309,005,000
1,305,337,000
$
New
44,070,931
28,925,290
68,071,687
128,215,273
—_
bills
91 day Treas. bills
of indebt.
Ctfs.
.
Sep
tl944
$
244,124,054
311,351,311
435,629,948
%
March
1
Indebtedness
'
•
1,309,005,000
1,305,337,000
bills
1946—
$
February
Sep 26
Sep
day Treas. bills
1944, showing the different monthly amounts of
corporate financing. Revisions of the 1946 and 1945 fig¬
ures may be necessary, particularly as additional private
financing is brought to light.
tH>45
112,954,001
264,262,410
91
91 day Treas.
91 day Treas.
uary,
Total
New
Refunding
$
FIGURES BY MONTHS 194G, 1945 AND 1944
CORPORATE
Refunding
Capital
131,170,053
5
Sep
,
1946
January-^-y,-y,-
Sep
so
Municipal financing for October footed up $50,025,000,
compared with $67,222,795 in October, 1945.
New money
foi October aggregated $49,150,000 and refunding ac¬
counted for $875,000.
'
,
j
Municipal financing for September (as revised) ag¬
gregated $88,013,250 compared with $46,882,703 in Sep¬
tember 1945.
Of the total for the month $71,407,850 was
for new money and $16,605,400 for refunding.
v
Below we present a tabulation of figures since Jan¬
financing exceeded refunding operations.
principal flotations for the month were $75,000,000 Pacific'Telephone & Telegraph Co. 2%% debentures;
$75,000,000 Liggett & Myers Tobacco Co. 2%% 20-year
debentures; $25,000,000 Pacific Gas & Electric Co. 2%%
first and refunding mortgage bonds, series P due 1981;
$19,200,000 Duluth, Missabe & Iron Range first mortgage
serial bonds, due 1947-1962 and 100,000 shares of 3.65%
cumulative preferred stock, par value $100, and 200,000
Accepted
,
total.
money
The
Total Amount
,
placed in September, 45.2% of the August fig¬
ures, 21.8% of the July total, 10.6% of the issues so
placed in June, 14.01% of the May total, 12.1% of the
April figures, 9.4% of the issues so placed in March,
28.4% of the February total and 12.1% of the January
already stated October corporate financing footed
up $321,748,111 of which $256,539,761 or 79.7% of the
total represented new money and $65,208,350 or 20.3%
was for refunding.
This is the third consecutive month
and the fourth in the last 34 months in which new
OF
Sep 19
issues
: As
SUMMARY
This compared with 24.9% of the
of the month's total.
settled labor conditions.
\
Type of
Security
Dated
Sep 12
.
total of $321,748,111 compares with $313,890,678 for
tember and $1,202,560,112 for the month of October,
,
Heintz
Co., for a total of $18,200,000.
,
Private placements for September footed up $107,144,500, comprising 17 separate issues, and were 33.3%
trial unrest total corporate emissions for October showed
a small increase over that of September.
The month's
;
yalu^ $21; of H.
shares of common stock, ;par
Indus-1
Despite tha uruettled market conditions and
■».;
62,715,000
713,173,000
August—
Certificates
289,599,643
May—-V—
199,771,028?
June—
:
307,350,014
100,923,035
159,360,123
1,352,125
677,262,434
870,875,019
692,915,315
387,662,791
671,103,991
385,565,301
April—
526,446,349
80,437,425
79,085,300
36,398,283
184,500,000
Notes
237,100,000
23,560,000
213,540,000
421,600,000
23,560,000
398,040,000
373,000,000
15,000,000
29,110,000
358,000,000
81,700,000
454,700,000
44,110,000
410,590,000
133,100,000
99,300,000
45,000,000
25,676,000
88,100,000
73,624,000
232,400,000
70,676,000
161,724,000
15,952,910,000 11,937,801,956
4,015,108,044
Total
for
August
121,400,691
184,500,000
September—
■
1,103.194,912
■'.yy--;...'
Y '
^128,963,169
366,543,033
354,302,081
399,673,579
96,807,061
766,216,612
451,109,142
144,131,950
313,890,678
890,603,842
531,607,859
382,694,367
Certificates
Notes
3,232,158,081
169,758,728
Sik months--—-—
•*:'Ay
148,913,492
261,635,283 1,001,293,728 1,262,929,011
^96,720,685 1,444,332,083 2,241,052,768
Second quarter—
640,612,590 1,531,216,432
722,258,295 1,018,016,659
295,758,364
402,703,191 1,738,141,514 2,140,844,705
for September
Total
■
August—
{September—
749,921,243
961,535,209
57,327,813
157,252,988
338,267,743
211,613,966
107,244,173
104,820,122
445,511,916
810,260,915
105,572,951
30,208,620
143,408,024
407,642,920
214,580,801
248,980,985
437,851,540
193,109,384
708,303,942
October—
901,413,326
705,440,793
«
Certificates
Notes
—
Total
{Third quarter-——.
<
423,678,261 1,793,629,779 2,217,308,040
for
Total
{Nine months.
52,590,000
:
826,381,452 3,531,771,293 4,358,152,745
1,993,798,754 2,769,575,752 4,763,374,513
—.
488,867,748 1,430,562,237 1,919,429,985
October
for ten
months
•Comprise sales of special series certificates and notes; certificates
Adjusted Service Certificates Fund and Unemployed Trust Fund
sold to
October.-—
—
•
65,208,350
'256,539,761
—
213,629,022
—
November—^
December—i———
-
-
101,548,627
337,040,911
-136,614,813
161,824,698
501,334,198
>
618,835,452
755,450,265
26,565,747
20,434,385
988,931,090 1,202,560,112
60,276,071
164,293,287
321,748,111
338,394,097
116,304,052
364,959,844
136,738.437
and notes to Federal Old Age and Survivors Insurance Trust Account,
Civil Service
Retirement
Fund, Foreign Service Retirement Fund,
Canal Zone Retirement Fund, Alaska Railroad Retirement Fund, Postal
Savings
'*
183,614,945 1,073,533,601 1,257,148,546
438,198,380 1,427,520,628 1,865,719,008
Fourthquartery—.;
Life
System,
Insurance
Government Life Insurance Fund, National Servics
Fund, Federal Deposit Insurance Corporation, and
Federal Savings and Loan Insurance Corporation.
Twelve months.-
{Revised.
Shoe Co., Inc.
672,482,693 2,504,095,838 3,176.578,531
1,264,579,832 4,959,291,921 6,223,871,753
-
Date
Treasury Financing for October
Amount
Offered
Due
Dated
for the issue of %%
in subscriptions received
Treasury iCertificates of Indebted¬
of., Series. J-1947
which
offered <>n an
were*
ex¬
Sep 1-30 Sep
1 10-12 yrs.
494,111,145
12 years
2,500,000
2 years
248,217,700
-
Price
Total
Oct.
on
1,
1946.
accepted and the balance redeemed in cash.
were
The
Treasury Department announced
on
Oct. 21
an
offering of %% Treasury Certificates of Indebtedness
of Series
K-194T in
September
1,873,066,000
10
91 days
Oct
17
Oct
24
91 days
91 days
1,891,563,000
1,804,729,000
1,790,665,000
Oct
31
91 days
Oct
1
1 year
exchange par for par to holders
Oct 1-31 Oct
1
of Treasury Certificates of Series J-1946, in the amount
Oct
3
Oct
4
Oct
11
Oct
18
Oct
25
91
$3,777,773,000, which matured
Approximately; $2,000,000,000 of
on
1,306,394,000
1,301,905,000
99.905 + *0.375
1,734,460,000
1,303,261,000
99.905 + *0.376
3,203,145,000
99.905 + *3.375
RAILROADS
$7,620,000 Baltimore &
99.905 + *0.375
due
1,439,522,000 100
a
519,370,707
a
4,586,000
4,586,000 100
2 years
183,503,000
183,503,000 100
b
Outside
subscriptions will
The results will be given here next month.
of
the
the
above
Treasury, Department in
October, confined its operations to the usual
of Treasury bills,
and
Depositary Bonds.
We
v
weekly Sale
Savings Bonds, Tax Anticipation Notes
present
now
UNITED
STATES
—
our
TREASURY FINANCING
''Amount
Dated
Total
ten
for
•; -r?
\
months
Total for six months—-..
—
Accepted
a Comprised of three sepa¬
series E have 10-year maturity, are sold on a
discount basis at 75, and yield 2.90%; series F have a 12-year matur¬
ity, are sold on a discount basis, at 74, and yield 2.53%; and series G
have a 12-year maturity, are sold at 100, and bear 2%%
interest,
b Comprised of separate issues, designated Treasury notes of tax series
series,
•'
'
Yield
**
series C.-1946 and series C-1947,
C-1945,
a
year
Type of
Security
f
2.50%)
Series A earn
Peabody
Total Amount
r
months-— 56,502,677,568 51,019,604,000
(
&
Kuhn,
Co.;
28
July 5
July 12
July 19
Jun
14
July 5
July 11
July 18
July 25
July 1
July 1-31 July
July 1-31 July
July 1-31 July
•
90
days
91 days
91 days
91 days
%
1 year
l 10-12 yrs.
*12 years
_
2 years
1,803,541,000
1,891,988,000
1,894,854,000
1,767,751,000
4,673,023,000
752,985,360
7,848,000,
300,463,500
Aug
1
Aug 2
Aug 9
Aug 16
Aug
8
Aug 15
Aug 22
Aug 29
Aug
1
.Aug 23
July 17
Aug 1-31 Aug»
Aug 1-31 Aug
Aug 1-31 Aug
1
-
*0.376
July
5
90
day Treas bills
1,307,745,000
*0.375
*0.375
Indebtedness
$
91
day Treas. bills
1,315,136,000
July 18
91
day Treas. bills
1,310,517,000
91 day Treas. bills
1,305,129,000
July
1
Ctfs. of Indebt..—
2,915,697,000
2,915,697,000
July
1
'
2
b
days
91 days
91 days
91 days
92 days
1 year
10-12 yrs.
12 years
2 years
1,796,174,000
1,305,837,000' 99.905 + *0.376
1,823,956,000
1,315,336,000 99.905 + *0.376
1,816,484,000
1,313,714,000 99.905 + *0.376
1,803,547,000
1,308,007.000 99.905+ *0.375
1,804,682,000
1,302,132,000 99.904+ *0.375
2,307,568,000
1,223,496,000 100 ;
'/a:
:
590,022,049
590,022.049 /.•a
2,773,000 ;C
2,773,000 looyy-rjy.y
188,354,600
188,354,600 X00/:/-Vb/,w
1
S.
Aug 27
Poo
6
Sep 13
Sep 20
Aug 16
Sep
5
Sep
32
752,985,360
Tax
91
258,000
752,985,360
'r
i hi
<W
7,848,000
300,463,500
'
■
.
•
CTotal for;3,215,520,860
8,153,966,000
1,061,554,860
8,549,671,649
days
1,812,315,000
I.ROl.«P9.000
1,309.005,000
1.305,337.000
99.905+ *0.375
99.905+ *0.375
91 days
1,777,250,000
1,304,827,000
99.905+ *0.375
91 days
1.830.960,000
1,303,440.000
Aug
91 day Treas. bills
1,305,837,000
1,305,837,£00
j s;' 91day Treas. bills
1,315,336,000
1,308,242,000
7,094,000
91 day Treas. bills'
1,313,714,000
1,301,341,000
12,373,000
91'day Treas, bills
1,308,007,000'
1,308,007,000
1
.
Aug 15
Aug 22
-
"Aug
1
"
1
bills" 1,302,132,000
Ctfs. of indebt
1,223,496,000
2,340,643,000 100
%
Aug
Aug
v
*
V
1670 000
'
Tax Antic'n notes-
590,022,049
t;
;; 2,773,000:
•;>
188,354,600
'
j.
2,773,000
188,354,600
,
■■■V
v
Total for
Augustl
8,549,671,649
7,749,055,000
800,616,649
'
PUBLIC UTILITIES
(Kansas) 1st mortgage 2Ta%
refunding. Price, par* - Placed
companies* ..
-._y
i "
California-Pacific Utilities Co. 1st mortgage bonds, series
B 314%, due Aug. 1, 1971.
Purpose, refunding.
Price,
101% ^nd interests Offered, by Halsey, Stuart As Cd. Inc.;
privately with insurance
>
1,223,496,000
590,022,0491
Depositary bonds.* '
-
*$1256,000 American Telephone Co.
bonds, due 1971.* Purpose,
...
;;tJ. S. Savings bds.'
Inc.
$40,230,000
1,302,132,000:
99.905+ *0.375
4,144,854,000
•
Lake Erie Ry. series L lVst% equipment trust
certificates,
due April 1,
1947-Oct. 1, 1956.
Purpose,
purchase of equipment.
Priced to yield from 0.90% to
1.80% according to maturity.
Offered by Halsey, Stuart
&
Co.,
Inc.; Otis & Co.; The First Cleveland Corp.;
Alfred O'Gara & Co.; Thomas & Co., and F. S. Yantis
& Co.,
Aug
Aug
PI davs
lyear
;
.
———
J,,;
15, 1947-56.
1720 000 Wheeling &
7,848,000
300,463,500
Antic'n
Aug 29; 92 day Treas.
for August-.
Sep 19
Sep 26.
Sep
1
bdi'Ul
Savings
,
Total
".
.
.
U.
Depositary bondsuaoo.i-
July
9,215,520,860
91
..
equipment trust certificates
Purpose, purchase
of equipment.
Priced to yield from 1.10% to 2% ac¬
cording to maturity.
Offered by Halsey, Stuart & Co.;
Otis & Co.; Putnam & Co.; Julien Collins & Co.; First
Michigan Corp.; Alfred O'Gara & Co.; The First Cleve¬
land Corporation;
Thomas & Co., and F. S. Yantis to
Co., Inc. V:">•
1,305,129,000
a
Bros,. &
.
'
.
...
.
1%%
series K due annually Nov.
1,310,259,000
July 25
'/a;
%
-
1,315,136,000
*0.375
Salomon
Co.;
&
Of 99.788.
5,483,073,568
1,307.745.000
July 11
July
Total for July
July 26
1,307,745,000 99.906+
1,315,136,000 99.905 +
1,310,517,000 99.905 +
1,305,129,000 99.905+
2,915,697,000 100
752,985,360
a
7,848,000 100
300,463,500 100
Loeb
^.Ifutpler, and Smith,4 Barney & Co.
*2,400,000 Gulf Mobile & Ohio RR. 2% equipment trust certificates,
due Nov. i,
1947-58. v Purpose, purchase of equipment.
Awarded to Mercantile Bank & Trust of St. Louis on bid
New
Refunding
•••$.
r,
.
Accepted
Missabe & Iron Range Ry. 1st mortgage (1.15%serial bonds, due 1947-62.
Purpose, refunding.
100 and interest.
Offered by Morgan Stanley S&
Co.; Blyth & Co., Inc.; Dillon, Read & Co., Inc.; The
First Boston Corp.; Harriman Ripley & Co., Inc.; Kidder,
2,740,000 Western Maryland Ry.
Jun
Bank
Price,
.
,.
of funds
,
six
19,200,000 Duluth
and series C, about 1.07%.
% ••
Total for
56,502,677,568
equipment trust certificates,
purchase of equipment.
of Atlanta (Ga.) and
Purpose,
National
which
of
series
Dated
Price
1947-56.
Fulton
*4,250,000 Delaware, Lackawanna & Western RR. 2%
equipment
trust certificates, due semi-annually May 1, 1947-Nov. 1,
1956. Purpose, purchase of equipment.
Awarded to First
National Bank of New York and associates on bid of 100.
'
r
1946
-
1,
to
91,242,894,629
* Average rate on a bank discount basis,
rate
A-1945.
•
Oct.
Awarded
ilO.tii
about 1.92%
DURINO
Amount
DueApplied for
-">, $■ '' -i—
,
-
by
Co., Inc.
*2,300,000 Central of Georgia Ry. 214%
8.666,943,707
use
'baU
Offered
■
usual tabulation:.
Offered
purchase of equipment.
1.15%
to
2.15%
according to
Salomon Bros.
& Hutzler and
Purpose,
from
Associates.
the maturing certificates
will be redeemed forcash andno cash
be received.
Total for October
&
1947-56.
yield
maturity.
Stroud
equipment trust certificates,
Ohio RR. 1%%
1,
to
2
Oct 1-31 Oct
Nov.
Priced
7/«
519,370,707
12 years
November 1, 1946;
Capital Flotations
Than Five Years)
99.905+ *0.375
due
of
any-
Long-Term Bonds and Notes (Issues Maturing Later *
1,301,964,000
1,306,438,000
10-12 yrs.
18
of
issue
every
During October, 1946
Oct 1-31 Oct
Sep
including
Details of New
8,308,080,845
;
days
Sep 27
Oct
of these' subscriptions
$1,439,522,000
for
October
494,111,145
a
2,500,000 100
248,217,700 100
change basis, par for par, to holders of Treasury Certify
icates of Indebtedness of Series H-1946 which matured
give complete details of the capital flota¬
Yield
$
Sep 1-30 Sep
we
during
kind brought out in that month.
Accepted
$
Sep 1-30 Sep
tions
Amount
Applied for
^^•Thei»^^rere-.:^3f20.3,145,00(i1
ness
Below
tRevised to exclude $280,150 common stock (new) of Kool-Aid Bottling Co. and $299,368 capital stock of Johansen Brothers
($251,368 new and $48,000 refunding), which issues were already included in August totals.
'
v"
.
:
/
otls & Co.,-and,Burr
♦! ioo 000 Central
'
'
m
-
& Co.4
.
.
,
.
,
.
Louisiana Electric Co. 1st mortgage
Aug. 1, 1976. Purpose, refunding
series B, due
.
3% bondbv
($570,000).
^Volume
164
Number 4545
TH£ COMMERCIAL & FINANCIAL CHRONICLE
pay promisory notes
($300,000) and
($230,000).
Price, 102 and interest.
Hancock Mutual Life Insurance Co. -;
John
*1,100,000 Colorado
Central
series B,
and
<$,000,000 El
Power
7
Co.., 1st, mortgage ,27/s%
1976.
S. Yantis &
Co., Inc.
7
-
i
7
*
'
,
I
*4,000,000 Florida
Purpose,
Corp.
interest.
surance Co.
'
5,275,000 Northwestern
.
;
25,000,000 Pacific
series
etc.
Gas '&
P,
Electric
1,000,000 Black, Sivalls &' Bryson, Inc."
stock
and
In¬
stock
Alfred
Co.;
Co.;
Park-Shaughnessy
Otis &
&
Co.;
Co.;
&
Robinson;
Wheelock
75,000,000 Pacific
&
by
Wm.
Inc.;
Co.,
Roger
S.
Telephone
&
&
10,000,000 (H.
&
Inc.
Telegraph
Co. 40-year 2%% deben¬
Purpose, extensions, additions, im¬
Price, 103'A and interest.
Offered by
Tucker,
Walker &
Weld
&
Co.;
Co., and
Anthony
Co.;
Whiting,
Dean
Witter
Weeks
&
&
Co.;
Weeden
&
&
Union
Co.,
due
Telephone
1971.
Co.
Stubbs;
The
8,200,000 (H.
poses
($135,600).
tional
.
s
White,
Wisconsin
investors.
♦300,000 Wakefield
due
Water
1966.
Sold
privately
institu¬
to
Co.
2%% 20-year 1st mortgage bonds,
refunding ($150,000), pay notes used
($150,000). Price, par. Placed privately
Purpose,
for expansion, etc.
with 12 investors.
I
$121,976,000
OTHER INDUSTRIAL AND MANUFACTURING
*$5,000,000 Gar Wood
Industries,
Inc.
15-year 3%% debentures, due
Oct. 1,
1961.
Purpose, retire short-term loans, working
capital.
Placed privately with Equitable Life Assurance
Society of the United States.
150,000 (J.
E.)
Harris
Co.
12-year 4%%
due
Sept.
15,
1958.
working capital. Price,
fered by The Ohio Co.
notes
and
*75,000,000 Liggett
&
Myers
and
par
.
interest.
1966.
retire
Co.
bank
equipment.
Life Insurance
Co.,
Inc.
3%%
Purpose, reduction of bank loans.
and
John
Hancock
Mutual
Life
Insurance
working
Co.
3%
capital.
Co.
surance
notes
Insurance
serially to 1959.
privately to Metropolitan
Sold
and
Mutual Life
Insurance
50,000 Vernan Manufacturing Co. 20-year 4%%
expansion.
pose,
company.
Price,
par.
Offered to
:
■
.
7
"
-
'
I,!?-;V.MISCELLANEOUS; ■■&■<>.
$100,000 Aviation
Press,
>
'
Canning Co. 20-year 3% sinking fund
Purpose, refunding ($237,000), expansion
($1,263,000).
Sold ; privately !to
Mutual Life Insurance
Co. of New York.; > 7,. ; ;..
;
j /
due 11966.
7
,
777"
j.
:;
1
»
i:
r-
j
stocks of
no
/
par value
and
at par. 'whjle pre-;
all classes; of
y
,
r-
common
v!
^'
•
stock
>
are
'
Price, $28,125 per share.
Offered by First CaliCo.; Sutfo & Co.; Paine, Webber^ Jackson &
Curtis;
Carl M. Loeb, Rhoades &
Co.;- J. S. Strauss & Co.; Brush,
poses.
fornia
»Slocum
;
&
&
Co.; Wulff-Hansen
Hurry..
&
3.65%
and
.
cumulative
of
common
stock
share.
& Co.
(no par).
Offered
shares
in
offered
by
Dillon,
&
of common
stock
Co.?
(Inc.);
Co., and Bingham, Walter
\
Clark,;Dodge ;&
Co.;
E.
W.
Clark
&
r
,
,
of
Common
Hayden,
Ripley
Stone
to
to
Co.,
Co.;
Inc.;
Hawley,
Hemphill,
Shepard
&
Co.;
Noyes
Hilliard to Son; Hornblower to Weeks;
& Co.; J. J. B.
W. E. Hutton to Co.;
Janney
& Co.; Kidder, Peabody to Co.; Ladenburg, Thal& Co.; W. C. Langley to Co.; Lazard Freres to Co.;
Higginson Corp.; Lehman Brothers; Laurence M. M*rks
to
Co.; Masort-Hagan,
Inc.:;.McDonald & Co:;
Phillips.
Schmertz & Robinson; R. W. Pressprieh to C*.Pntnom
mann
Lee
to
Co.; Riter to Co.; L. F. Rothschild to Co.; Salomon Bros.
stock
bank
loans, purchase of addi¬
$18.50 per share. Offered
stockholders.
Unsubscribed
shares
Parker & Redpath;
The
Hornblower
Co.,
by Frank C. Moore
&
Co.,
and
Euler
Inc.
Co.
of
America,
29,100 shares of
and H.
A.
Pierce, Vice-President.
Home
Loan
Banks,
1 %: consolidated
Federal
Home Loan bonds, dated Oct.
15, 1946, due April 15, 1948.
refunding ($102,000,000), new money ($38,000,000).
Price,;. :$997/8
and
interest;) Offered
by Everett
Smith, fiscal agent, New York.
•<' \
,
39,910,000 Federal Intermediate Credit Banks, 1% consolidated de¬
bentures, dated Nov. 1, 1946, due Aug.: 1, 1947.
Purpose,
v.
.
Purpose,
refunding
($30,G45,000),
par. "Offered
new
($9,265,000).
money
Price,
by Charles R. Dunn, Fiscal Agent; New York.
$179,910,000;?
'7-
:
>
-
,.'"y "
•;
Issues Not Representing New Financing
$210,662 American Wine Co. 60,184 shares of
$3.60
share.
per
Offered to
stockholders
Price,
by Louis
■
99,000 Barker Dome: Oil
stock
stock.
common
certain
E. Golan.
to
Gas
&
$1).
(par
subscription
Price,
Co.
90,000
bf
shares
common
$1.10. per share.
Offered
for
stockholders of Southern Union
common
Gas Co.
414,000 Dumont .Electric
(par
10
Colony
to
IB
Co.,
$35
V.
of
share.
per
Christie
to
common
Offered
Co.,
and
J.
by
Inc.
-
First
p7:777v7
per share;
stock.
common
Price,
Offered by Butcher to Sherrerd.
950,000 Fownes Brothers & Co.,
"7
stock
(par.$l).: Price,
Van Alstyne, Noel to Co.
'
stock
Drass*
H.
8,300 Foote Mineral Co. 83 shares of preferred stock.
$100 per share,: Offered by Butcher to -Sherrerd;
1
.<■'■
$6
shares
69,000
Price,
B.
95,875 Foote Mineral Co, 1,025 shares of
f
ffi
»
Corp.
cents).
Corp.;
.
Inc.
100,000
$9.50
per
'
shares
share,
'
-
of
Price,
capital
.
Offered
by
'
^
748,000 Hartford-Empire Co. 14,000 shares of common stock (no
7*
par).
Price, $32. per share. Offered by Putnam & Co.,
A.:
!;
-:
and
Eddy Bros,-
•
-
>
-
>
>;
.
■
i
>
■■■-.. *:
<
»
-
;
t
46,250 Merchants" Refrigerator - Co, 2,500' sharesof class B, Stock
(no
par).
Price,
$18.50, per
share; Offered by Hanson
; '*^
Hdntoh. -. \ i *! ;4 ;
'^ ■ .7,;'
•
7;>
7 < 2,243,250 -MorrlsonfKnudsenr- Co;^- inc. ; 149,550- shares of common
stock: (pAr $10)1
PHce, $15 per share. Offered by Blyth
& Co., Inc.; Wegener to Daly, Inc,; DavJs, Skaggs to Co.;
; t 77 7
*
Elworthy & Co.; Wm. P.* Harper & Son to Co.;/ Mason
•
*
!
•
Brothers; Handel, Lundborg & Patten, .Inc.; Pacific Co.
7of; California; J.;: A. Hogle & Co,^: and ;Daugherty, Cole
|
to Co.
7- •
;7;77:7^-^77 -777 ■'" 7--.:
531,645 O'okiep Copper Co.,I Ltd. .106,329 American shares (repre¬
senting a similar numbe; of ordinary shares of the par
5'"'[ ' value
of
10
shillings,
South African 'currency—U.
S.
$2,017).
Price, *$5 per share.
Offered for subscription
::>y
•
,
,
to stockholders of Newmont Mining Corp.
;
2,175 Upson
,
»
Co. 150,000 shares of common stock (par $10).
Pricey $14.50 per share. Offered by ;Ham!in & Lunt,
?.*
r"? " ''''77' :7': 77;-
^
t>: $5,289,157.:
-7 7
;
7 :
:!77:777'>777,
7: 7 ;
'.?■' ■--7
-
Co.;
Courts & Co.;
Davenport to Co.; Dominick & Dominick;
Elkins, Morris & Co,; Elworthy to Co.; Equitable Securities
Corp.;
Fauset,
Steele
to
Co.;
Goldman, Sachs & Co.;
(par
Price, $4.50 per share.
Gearhart & Co., Inc.,
Farm Loan and Government
Agency Issues
$140,000,000 Eederal
,
Read
<
Auchincloss,
MacArthur, Chairman,
:
Purpose, refunding.
Price, $98
exchange < for $4:50 preferred.
(52,228)
stock
$7,584,147
,
dividends;
.
stock (par $10).
Purpose, general corporate pur«?
Price, $10 per share.
Offered for subscription to
stockholders;, unsuoscribed shares purchased by Alfred
'
and
' f
poses.
Purpose,
preferred stock
Hecht
common
common
cumulative
>-<,
291,100 Standard Life Insurance
,,
$3.50
S.
90,000 shares of common
stock
(par 25 cents). Purpose, pay outstanding debt to factors.
Price, $3 per share. Offered by Hautz to Engel..
Purpose, cost of new plant.
Price, $6
Offered by Childs,! Jeffries & Thorndike, Inc.,
21,560,000 Standard Brands Inc. 220,000 shares! of
Inc,
to
by
Corp.;
Offered
per
:
1,500,000 Soya' Corp. of America 375„'O0O' shares: of common stock
\ ^
(par lc); Purpose,'pay RFC loan, working capital, acqUif,'. '
sition, etc. Price, $4 per share. Offered by Peter Morgan
& Co.
' :
i
*?V:7.;;;
■■■.
.v.;
taken
Boston
270,000 Sharot-May
(par
,
working
R.
Co.
298,500.Bed Rock Bottling Co. of Youngstown,-; 199,000 shares Of
common stock (par 50
cents).
Purpose, refunding ($140,000additions, improvements, etc. ($158,500).
Price, $1.50
common
of
and
by
& Weeks; Shields &
Co.;
Kidder, Peabody & Co.; Merrill Lynch, Pierce, Fenner &
Beane; Paine,: Webber, Jackson & Curtis;
White, Weld to
Co.; Betts, Borland: & Co.; A. M. Kidder &
Co.; Piper,
Jaffray & Hopwood; G. H. Walker & Co.; Pacific North¬
west
Co.; Boettcher & Co.; Johnston, Lemon to
Co.;
Farwell, Chappian & Co.; Bacon, Whipple to
Co.; J. Barth
&.Co.; Foster to Marshall, and J. M. Dain & Co.
•
of
barges
Offered
In
the ' comprehensive
tables on the
the October
and the ten months figures with those
for the corresponding periods in the four
following
years
year
.
stock
common
Price,
by Wiliis E. Burnside & Co. and
Offered
subscription
(9,478)
'
"
of
7
-
of
MISCELLANEOUS \f,'.':77 ^';... ■:.;7; 7? ';7-;;7'7:
Prescott & Co*
for
& Co.
shares
shares
Transport' Corp." 200,000
share.
per
First
•77 0
shares
27,900
Priqe,
Co.
100,000
Co.
(par $10).
Purpose, pay
tional equipment, etc.
purchase of equipment, etc.
Price,
; $21.75 per share.«-Purchased by Bethlehem Steel Co.
.
•
7
5,030,797 Northwest Airlines, Inc. 271,935 shares
Co.;
A;
Harriman
PUBLIC UTILITIES
'
of
$1).
$1).
'
Hano;
Harriman
Minot,
(par
'■*:
10 cents).
Purpose, expansion, etc.
Offered by Newburger &
(par
(par
stock
Florida Securities Co.
-
Inc.
Co.
•
Purpose, remodeling
Price, $10.50 per share.
Cargo
$3.75
$1).
;
Co.,
Oil
•
1,012,500 Lime Cola Co., Inc. 225,000' shares
(par
Co., Inc.; Blyth & Co., Inc.; AvC. Allyn & Co., Inc.; A. G.
Co. Inc.; Alex. Brown \to Sons; Central Republic
$945,181 California-Pacific Utilities Ce. 33,610 shares of: common
stock, (par $20).
Purpose^ pay bank loan, corporate pur¬
5
Inc. r\
capital
Becker &
i
jralue'^rire' tak^n
computed at their offering prices.)1-
v
:
7;t' i 77777Stocks77 ■{;;■"
(Preferredstoeks of 7a jstated pat
ferred
by John J. Kane Jr.
Unexchanged
;
&
&
of
shares of common
(par $1).
Purpose, repay bank and other
loans,
construction, move office, working capital, etc.
Price, $2
per share, ; Offered; for subscription to
:stockholders;! 7
'.
'
,
Inc.
♦1,500,000 Minnesota Valley
$1,600,000
per
:
'
>*Q0«lri i;
1
i
' •»:. (
7
' 1 ;
J
| 7
*1,522,500 Rheem Manufacturing Co. 70,000 shares •of comtpom.stock
I
•
10-year' 6% convertible sinking fund
notes, due July 2,
1955.
Purpose, liquidate short-term
loans,
working capital.
Price,
98%
and
int.
Offered
($60,000) by L. H: Rothchild to Co.^the
balanceU$40,000)
having been purchased by officers and stockholders. l,
notes,
'
stock
..
'
•
$100
'
2,827,500 Rheem Manufacturing! Co. 130,000 shares of common stock
(par $1). 'Purpose, repay bank loans, purchase of equip;
,
; ment, etc,. Price, $21.75- per share. Offered by? Blyth &
1
'
$85,216,000
5
25c).
debentures, Pur¬
by; the
'
Price,
shares
and Yarnall
Offered
--'281,250 Florida Frozen Fruits, Inc.'75,000 shares of common
(par $1). Purpose, purchase of land,
buildings, etc.
120,000 Regal
'
•>
200,000
common
Stock
■
(par
share.
Kendall & Co., Inc;
* "
:
^
Games, riie. 80,000 shares of common stock (par
Purpose, working capital.
Price, $1.50 per share.
Offered by W. H. Bell & Co.,
.Inc.", .
In¬
the public
.
Co.,
share.
and
Purpose,
Life
Co.
Co.
■■
.
7'7/7777'7^:77:7.;:.
.
Estabrook
Co.;
of
loan,-; working capital.
for Subsciiption -to stock-
Co. and
$400,b00 Air
per
stock
Co.
due
V*
Corp.
common
Co., -and Daugherty, Cole & Co.
261,000 (H. K.) Porter, Inc. (Mass.) 43,500
per
♦1,516,000 Simmons
cumulative
$10);
Purpose, retire bank leans, etc.
Price.
share. Offered by Blyth & Co, Inc.; Wegener &
Daly, Inc.; Davis, Skaggs & Co.; Elworthy & Co;; Wm. P.
Harper & Son & Co.; Mason Brothers; Handel, Lundborg
& Patten,. Inc.; Pacific Co. of California; J. A. Hogle &
$15
due 1961.
100 and interest.
Life
&
Daly,
stock
debentures,
Price,
Placed-privately with New England Mutual
Heinz
1,500,000 Morrison-Knudsen
15-year loan dqe 1961.
Purpose,
rehabilitate and
expand
company's
privately with Northwestern Mutual
Co.
*2,000,000 Morrison-Knudsen
Co.
&
3%%
Placed
&
•
shares
Howard, Labouisse, Friedrichs &
7777'7777,7-771
;7': >*-'
77:1'"
3,500,000 Morrison-Knudsen Co., Inc. 70,000 shares of 5% cumula¬
tive convertible preferred stock (par $50).
Purpose, re¬
funding ($2,484,950), investments, etc. ($1,015,050). Price,
$50 per share. Offered by Blyth & Co., Inc., and Wegener
Tobacco
loans,
4% %
Purpose,
Forgan
Parsons
shares
bank
$10).
capital.
&
Purpose, working capital.
Price, $41 per share.
by Morgan Stanley & Co.; Baker, Watts & Co.;
Blyth & Co., Inc.; Alex. Brown & Sons; Chaplin and
Compamy; Clark, Dodge & Co.; E. W. Clark & Co.; Paui
H. Davis & Co.;
Dominick & Dominick; Drexel & Co.;
Francis
I.
duPont &
Co.;
Elworthy & Co.;
Equitable
Securities Corp.; Estabrook & Co.; Fauset, Steele &
Co.;
The First Boston:.Corp,;
First California Co.;
Glore,
Forgan & Co.; Glover & MacGregor, Inc.; Goldman, Sachs
& Co.; Graham, Parsons & Co.;
Green, Ellis & Anderson;
Harriman Ripley & Co., Inc.; Hawley,
Shepard & Co.;
Hayden, Miller & Co.; Hemphill, Noyes & Co.; J. J. B.
Hilliard & Son; Hornblower & Weeks; E. F. Hutton &
Co.;
W. E. Hutton & Co.; Jaiiney & Co.; Kay, Richards &
Co.;
Kidder, Peabody & Co.; W. C. Langley & Co.; Lee Higgin¬
son Corporation; Lehman Brothers; Carl M.
Loeb, Rhoades
& Co.; A. E. Masten & Co.;
McDonald & Co.; Merrill
Lynch, Pierce, Fenner & Beane; Merrill Truben & Co.;
Moore, Leonard Sc Lynch; F. S. Moseley & Co.; Mayuard
H. Murch & Co.; Newhard, Cook & Co.;
Paine, Webber,
Jackson & Curtis; Phillips, Schmertz & Robinson;
Piper,
Jaffray & Hopwood; Riter & Co.; Chas. W. Scranton &
Co.; Singer, Deane & Scribner; Smith, Barney & Co.;
Stroud & Co., Inc.; Sutro & Co.; Thomas & Co.;
Tucker,
Anthony & Co.; Union Securities Corp.; G. H. Walker
& Co.;
White, Weld & Co.; The Wisconsin Co.; Dean,
Offered
Purpose,
*1,500,000 Lane-Wells
Corp.;
Glore,
7'-'
■
(par
212,500 Konga International, Inc. 50,000 shares of common stock
(par $1). Purpose, expansion, etc.; Price, $4.25 per share.
Of¬
Co. 2%%
20-year debentures.
expansion of business.
Price, 99%.
Sold privately to Equitable Life Assurance
Society of the
United States and Metropolitan Life Insurance Co.
due
J.)
Witter
sinking fund secured
Purpose, payment of
debentures,
Corp.;
7777
.
178,575
75,000
pay
$292,950 Coast Transportation
^
$6
Offered
mortgage 2%% bonds,
($864,400), corporate pur¬
refunding
Price, par.
:
$25).
1st
Purpose,
Price,
Securities Corp.; G. H. Walker & Co.;
White, Weld
Co.; The Wisconsin Co., and Dean Witter & Co.
&
Co.
(Mo.)
stock
common
purposes.
of
shares
$100).
Co.
Co.
holders of Transwestern
.
$1,096,433
Union
.
*1,000,000 United
100,000
(par
Securities
Co.; Graham,
Inc.;
Hayden,
Securities
Inc.;
Co.
Gas
,
V
stock
'■
OIL
&
STEAMSHIPS
Securities
of
acquaintances:
(par $1).
900,000 Transwestern Royalty
(par
$10).
Purpose,
Price, $12 per share.
& Co.;
The First
Goldman, Sachs &
Ripley & Co.,
Miller
&
Co.;
Hemphill,* Noyes & Co.;
Hornblower & Weeks; W. E. Hutton &
Co.; Kay, Richards
& Co.;
Kidder, Peabody & Co.; W. C. Langley & Co.;
Lee Higginson Corp.; Lehman Brothers; A. E. Masten &
Co.;
Merrill 'Lynch,
Pierce,
Fenner &
Beane;
Moore,
Leonard & Lynch; F. S. Moseley & Co.;
Paine, Webber,
Jackson & Curtis; Riter & Co.; Chas, W. Scranton &
Co.;
Singer, Beane & Scribner; Smith, Barney & Co.; Stroud
&
Co., Inc.; Thomas &r Co.; Tucker, Anthony & Co.;
Boston
S.
H.
corporate
shares
business
SI).
.
25,000 ' shares: of
Union
cumuiative preferred
capital, purchase of
by company to
Oficred
Purpose, general business purposes.
Price,
$1.10 per share.
Oxfered for
subscription to stockholders
°f Southern Union Gas Co.
••:
by First Colony Corp.; B. V. Christie
through
of 6%
$100.
-
Co7, '14^000, 'shares
..
Heinz
Equitable
Marks
Co.;
J.)
'share.
:7'7:77:'.r-
capital
$2.87%.
refunding
($5,150,000), working capital ($4,850,000). Price, $102.75 per
share.
Offered
jpy Morgan Stanley & Co.; Blyth & Co.,
Inc.; Alex. Brown & Sons; Chaplin and
Company; Clark,
Dodge
&
Co.;
Dominick
&
Dominick;
Drexel
&
Co.;
to Co.; Merrill Lynch, Pierce, Fenner
Moseley & Co.; Pacific Northwest Co.;
Paine-Rice & Co.; Paine, Webber, Jackson & Curtis; R.
W.
Preseprich & Co.; Shuman, Agnew & Co.; Smith,
Barney & Co.; William R. Staats Co.; Stone to Webster
Securities Corp.; Stroud & Co., Inc.; Sutro & Co.; Spencer
Trask
'
>
,
Corp.
Corp.- 10,000
preferred
Kirkpatrick-Pettis Co.; Kuhn, Loeb & Co.; Lazard
&
Co.; Lee Higginson Corp.; Lehman Brothers;
Corp.; G.
Inc.
Co ;
Anthony
Co., Ltd.- 25,000 shares of common'
Purpose, working capital,. Price, $2
per
Offered by the company.*
•
V
stock
Purpose, corporate purposes. Price, $25 per share. Offered
for subscription
to common
stockholders.
1, 1986.
F.
of
Price,
&
& Webster
Tucker,
VVhittaker
$196,433 Barker pome Oil
J|" H. Drass & Co., Inc.
Products
250,000 Hajoca
& Son; Hornblower & Weeks; W. E.
Hptton to
Co.; The Illinois Co.; Kalman & Co., Inc.; Kidder, Peabody
M.
Co.,
'
H.)
(par
7:
who
Inc.
Purpose, expansion, etc.
Offered to public by company.
Hilliard
Beane;
shares
52,000
$100).
Dodge to Co.;
Dominick
&
Dominick;
Drexel
&
Co.;
I. duPont & Co.; Elworthy & Co.; Estabrook to
Co.; The First Boston Corp.; First Califoria Co.; First of
Michigan Corp.; Folger, Nolan Inc.; Goldman, Sachs &
Co.; Harriman Ripley & Co., Inc.; Harris, Hall to Co.
(Inc.); Hawley, Shepard and Co.; Hayden, Miller & Co.;
Henry Herman & Co.; Hill, Richards & Co.; J, J. B.
&
& Co.,
Pirpose,
Offered
institutions
Francis
Laurence
Bell
Inc.
working capital.
Price,
common
underwriters
200,000 Fullerton (Pa.) Textiles Co. 2,000 shares of 5% cumulative
preferred stock (par $100). ■ Purpose, construction, etc.
Price, $100 per share.
Offered publicly by the company.
75,000 Fullerton Textiles Co.
750 shares of common stock
provements, etc.
Morgan Stanley to Co.; Atkinson, Jones & Co.; Bateman,
Eichler- & Co.; Blyth to Co., Inc.; H. F. Boynton &
Co.,
Inc.; Alex. Brown & Sons; Brush, Slocumb & Co.; Clark,
to Co.;
Frercs
to
stock, second Series (par $100).
Purpose, expenditures for new plants and; equipment."; Placed privately
with a group of insurance companies and other
financial
Rauscher,
Cummins, Inc., and F. S. Yantis & Co.,
tures due Oct.
'
preferred
...
Palmer
Copeland
&
per share.
& Co., and
Pollock
E.
W. H.
Leason
*1,400,000 Ekco
& Co., Inc.; The
Pierce & Co., Inc.;
Reinhoidt & Gardner; Rotan Mosle and Moreland; Scott,
Horner & Mason, Inc.; Scott & Stringfellow; Seasongood
& Mayer; Stern Bros. & Co.; Walter Stokes &
Co.; Thomas
H.
Temple Co.; Thomas & Co.; Wachob-Bender Corp.;
Ranson-Davidson
Purpose,
150,000 Dumont: Electrio
■4.'^ :77v'(par 10 cents).
G.
Patterson,
Associates,
:
Kendall, Inc.; Peters, Writer & Christensen, Inc.; Phillips,
Schmertz
100,000 shares of
proceeds
Shields
Co.;
$62,703,400
Co.
19,950 shares of common stock (par- $1).
Purpose, working capital. Price, $7.50 per share. Offered
%
S
&
Best
(Wm.
stock
149,625 Camro
and ref. mortgage bonds,
1981.
Purpose, construction,
interest. Offered by Halsey, Stuart
O'Gara
Purpose,
etc.
officers, employees and
50,000
■
,
in
(par $1).
Offered by
Haydon & Co., Inc.; Hill & Co.; Johnson, Lane, Space &
Co., Inc.; Thomas Kemp & Co.; Kinsley & Adams; MasonHagan, Inc.; Mason, Moran to Co.; McMaster Hutchinson
& Co.;
Metropolitan St. Louis Co.; Milhous, Martin to
McKnight, Inc.; Mullaney, Ross to Co.; Nashville Securities
Co.;
$1).
stock
149,500 Brewers'
,
Geo.
1
-
Co.;
&
wdrking
Purpose,
machinery,
.
connection. with certain transactions
in acquiring Maine company^bf same name.
Price, $10
per share.
Offered by F. S. Yantis & Co., Inc., and H. M.
Byllesby1 St Co., Inb.
1st
Co.;
(par
purchased
Applegate;
Bleichroeder, Inc.; Ball, Burge & Kraus;
Baum, Bernheimer Co.; Blair & Co., Inc.; H. F. Boynton
& Co., Inc.; J. C. Bradford &
Co.; Byrd Brothers; C. F.
Casscll & Co., Inc.; City Securities
Corp.; Charles Clark
& Co.;
Clayton Securities Corp.; Julien Collins & Co.;
R. J. Edwards,
Inc.; Faust, Steele & Co.; Ferris & Co.,
Inc.; First Cleveland Corp.; Foster to Marshall; Harley,
Arnhold
'''
Co.^ 10,000 shares of common stock (no
par).
Purpose, working capital. Price, $12.50 per share.
Offered for subscription, to employees of
company.
2%#, due June 1,
Price, 100% and
Co.,
Inc.; Allison-Williams
&
•
'
Co.
stock
1
7.
&
Barney & Co.; Stone
Trask
700,000 Sun Electric Corp. 7,000 shares
stock
common
Price, $35 per
stocknolders.<7
Scranton
Corp.; G. H. Walker & Co.;
& Co.; Whiting, Weeks &
Stubbs; Dean
Co.; Wurts, Dulles & Co., and yarnall &
Co.
Witter &
125,000 Black-Clawsoiji
Service
„J
to
W.
Spencer
Weld
White,
r;,
;
282,240 American Paper Goods,Co. 5,880.shares «of. common Stock:
*
(par $25).! Purpose, ! working' capital. '' Price,
$48 per
; i
share. Offered^ for subscription to stockholders.
Purpose,
Co.
sUDscnption
Ccrp.;
&uCo.; Unfon .Securities
>
'
Co. 1st mortgage bonds, 3%
refunding.
Price, 101.625 and
by The First Boston Corp. and Lazard
due 1973.
interest.
Offered
Freres &
Life
(
Public
series,
.
Mutual
ror
Chas.
£<M. Simon & Co.; Smith,
Securities
.
)
mortgage bonds, 2%%
series.
betterments, etc.
Price, 100% and
to Northwestern
& Hutzler;
:'
'
1st
extensions,
Sold privately
MANUFACTURING
Purpose, plant,.expansion, etc.
Offered
share.
Purpose,
Power
INDUSTRIAL AND
(no par).
"
,
'•">/
777
;
OTHER
$6,968,535 American Brake Shoe Co. 199,101 shares of
2%%* series,
Works1 Corp. 4.%* debentures^ series A,
expense of organizing, acquisition of
control of constituent companies.
Price, 100 and interest.
Offered by C. C. Collings to Co., and Stroud &
Co., Inc.
1971.
Steel Co. (Texas) 4,000 shares of common stock
Purpose, general: corporate purposes.
Price,
,
•:
275,000 Engineers '>Water
due
2685;
ETC.
,$26. ..per ,shajev. Offered ,py ,.;Rauscher, ...PierceCo.,.
bonds,
Co.; Julien Collins to Co.; The Illinois Company; Mullaney,
Ross & Co.; Otis & Co.; Patterson, Copeland to Kendall,
Inc.; Rotan Mosle and Moreland; Thomas & Co., and
F.
COAL, COPPER,
V
Purpose, refunding.
Price, 100% and interest.
Halsey, Stuart & Co. Inc.; William Blair &
by
STEEL,
$20);
(par
1, 1976.
Purpose refunding ($651,000)
etc. ($449,000).
Placed privately.
Paso7Electric' Co,' 1st mortgage bonds,
Offered
IKON,
$104,000 Mosher
;
due Aug.
expansion,
due
'
betterments, etc.
Sold privately to
pages we compare
preceding,
comparison.
thus
affording
>7
a
five
.7
*
f
I
-
I
-
17'":
f
00
-* _
o\
o7
-
S31
b;
Cu
to-
g4^ 7
gf
v
Total
43,780 2750,6
$
SO,6450 38,07580 15,0 80
1 9,0 0
Capit l
27315,30
Refundi g 9,50,0 31, 60 2,0,0
-1942
25,710689*
2,43 , 0
New
2.1T6 7 6
43,780
825,0 0
43,610
184,70
1 9,0 0
"iSSoo
Capit l
2,315,30
2,50 0
T
-
9,50 , 0 31, 60 2, 0 , 0 1,0 9,70 '-■• <
•
46,280
*
.
■-
■^ "43,8570
•
—
■
$
1 9,0 0
2,315,30
1
2,315,30
2,43 0
•
*
■
;
New
:
5V"-.
9,50 , 0 31,25 .0 2, 0 0 3, 25,0
184,70
"
46,28^0
$
825,0 0
,.f
■
43,8570' 30,6450 12,36519
Refu ding 43,610 *"l84,70
-1942
$. 31,25 :0
'" 9,50 , 0 2, 0 , 0
Total
i-»■
*
'■
92,5790 2874T250 6,34,193
56,920. 16,589 0
Refundi g 50.298,60 27,3~675
.46,0 1,2580
Capital 3,280,40 i70~48~,63 6,34,193
10,86 0 *5,364190
Total
7
~
$
1
$
27,9 0 38,50 0 26,150
Total
92,5790
I.5o 76 o 34,756 93 27,9 0 49,81250
1,3250 21,947193
48,09413
■
*
1,50 , 0
127,35693
-
$
-1943
%
'$
New
"
V
701,350 37,20 0 9,15,265
7,0 ,0
Total
•$>
.
-•■
•:;-.•>
-1945
~-
"■•"* V'v
*
~
920,8370 2,40,0 20,45 62 54,324,90
4,5 2,50
Refundi g 819,632 19 50 ,0 0 14,897608 23,901263
'
'-r
4,5 2,50
CNapeitwl <g10.24,78
-7
<g
'Total
-IMG
28,9215
213,6902
249,02? 0 37,60 35,6 1
321,748
65,208350
$
.
132,6450
OGARNUFPIDN
-
'
*
*
Capit l 213,4860 i"65,050 35,261
- SOUMFARY
*us .
-
:
$
-
_
_
■
CHAR TE
256;39,761 47^265,0 49,150
New
r
"lie.
obtained '-.■
—-1
"$
1,520, 0 7,301,23
6,10,0
1,3 2,347 86, 2467
c79~4 7l93
167^653
7,392,8 6 15,0 0 280,980
25, 4593
167,653
40,67326
40,35,85
1,759,380 47,1526 36,25 0 516,80
194,758
7,859,380
75,40265
24,685 7 34,750 504,278 73,2157
6,10 , 0
618,3542
105,3640
5739048,,2,13805847
12,0341
1,759,380
136, 4813
58,41 048 279,3 12 28,97.0 59,142 3 15,2 0 7.25.0 231,49 51 50,4 0
74,16 048
1,2056,12
24,685 7
5,0 ,0
14,85123
14,250 920,8370
50 ,0 0
5,782,954
50 ,0 0
$
28,470 539,4250 13,8750 74,80 0 50, 0
Total
-1945
Refundi g$• 21,570 512,49 52 10,73 0 46,058 27 24,05 786
V
.
''
Capitl 6,970, 0 27, 5748 3,801,30 28,741 73 25,94214
40,23 0 12,9760 85,2160
1,60,0
819,63219
40 ,0 0
1,50 , 0 2,40 , 0
43,50 9,8148
25.397,423 168,79 1 2 ,017 0 5 ,49 25 10,4370 146,039 75 24,05 786
31,8037 98,3109
1,50 , 0 1,90 , 0
40 ,0
5,71 3 1,350, 0 7,25765 156, 9 51
12.367,13 1,280, 0 725765 56,38503
3,013625 10,524 1 6,970, 0 39,642861 5,081,30 7,2 5,0 85,379 6 26,349214
42,980671 213,6902
70,0 0
New
Refundig • 19,20 0 16,43 0
237,0 0
10,2478
945,181 104,0 0
249,0
Capit l '21,03 0 105,3960 85,2160
1,36 ,0.
213,4860
945,181 104,0 0
Total
$
'*
*
-1946
r
New
1,759,380 2,4960 1,520, 0 12,301 23
15760,31
50 ,0 0
8,467,046
$
292,950
62,70340 1,096,43
7 ^84,1 7
40,23 0
1
72, 61 ,1298
104,0 0
292,950
9,184,1 7
321,7481
37 ,0 0
147,9 40 1,096,43
65,208350
29 ,950 8, 07,147
256,39761
■
35,87340
"iWo o
29,14950
292,950
37503,450 1,09643
29,34950 19,20 0 16,430'
7 4 ,147
104,0
43,916 21,03.0 106,4871 " ■ 18,72450 1,096,43 *-.
29,14950
*7'™"
.
\
.
:
■
.
OCTBER, boannodtesds — stock-^.—4 stock—— boannodtesds -L—.stock Lobnoga-nntoetedsr—msShort-em stockC.monstck—. /corpajt,e——•> Governm—.tfo'regoivgernnmt.Ga£angvdc-ie♦sMun&icpal—tSt.esS,,Potaseeisn .——r-. fidginfunucroelosdtes OCTBER NBootanendsds-" utiles—.-icceootpa.—lr,.,manufcres!- acesori—Indaumasnuntfrcitdrilg-— buieltdc.-n—gs, .— ^—trthruaoesdlditnicngg,M.,is,cLeI-ll."a"n—ous ShBNoroota>tneTsed-m^s utiles—_ cceooptalr—,,manufces ;ori.eJindtauucmrsinatnrnigud-lf'l buieldtcn.g-—s, C—.—'t1rthruaosedlditnincg,g,, L.> >" tilfes'_~ cceootpa.f—l,r,man1uc—es acCsorie_.-4in~duamsnnturfidtlg bueild:tcng.s—,^1* —ttrrhuaodesldintincgM,gi.,,celanous— — -,._ utiles—L—-4'ccoeoptca»il-,r,:ah^warisvu^f.'—ce3bi8_-U•indfnuaasutnritdrlhg. bueildtcn,-g.s:, IttrrhuaoesdlditnicngM,gIi.s,c,eTlanou.s cosrepcuraitte—.
Miscelanou.
V.rsMta^T—*,
MOONFTHCorp ate— Domestic- Long-termS'hort-ermPref dCom on Candian- Long-termShort-ermPref redComstocokn. foreign—
Pref red
Other
.
;
Total
toal ♦These MOFONTH Long-Term
Can dian Loan United
Railroads ste l,Equipment Moatonrds Rub e_.r Ship i—ngInvestm n
Grand
Other Farm
.
■
.
—198,7.2350-6
CORPATE,
^-* ._^
,-V
£t>*A"v^r-i>—~
-m
Capitl
24,51 7-
875,0
154,0
Refundi g 34.75,0 504,278 49,036 0
New
179,- 0 . 50,250
Refundi g 35,87340 29714,950 3.40, 0
"
.^11,0,39587465.907-
t
1,90 0 75, 8014 30,4237
2,869 0
5,0 ,0
6,10 , 0
36,25 0 51,80
$
194 -
726,093 0 42, 0 67,2 795
98,-3109 i~- 26,093 0 42^ (7,0 38, 06
$
173 27347 27,36 87 12,9 0 49,531 20
280,980
18,204
$
Total
46,9806
1,2056,12
15,0 0
1,031520 i576bo 6
59,2860
New
YStaes.EARS*1.-FYEIOVARS
136, 4813
New
-'X;,V.] ■v-rs^i*;
Capitl
42,370 61,50
61"8",3542
Capit l 14,85123 1764.25 4,81526
$
■;,/
$
42,370 108,306
75,404260*,6732
Refundi g 587,14987 1975~8 ,57 5,10,0 7,0 ,0
9
-194
..
86,"1273459
-1943 ,
l"4"'*-. 9108531,6,24583096,89,4-7725354—-.91
NCITSOSFUTRMNEOFPHACHIWIEANVERBDRE
FK"■:•;v'--•v» LGFFOATIOMNMVOEURARHECNCIMGPDRENGBT,R
352,94—■-,—.7-—■61 fFtGbSroeaPAhvomU"idtrg{aulpnbOnicnmaepeyglcdytfesls.ds
Total*
Refundi g 12,9 0 38,50 0 7,869,0
$
:
,
\
'
•7 7 ;« !§S
,
Public Iron,
Other Land,
^
ste l,EquipmentMotrs'and
Public Iron,
Other Land,
Stocks—
Ship ingInvestm n
Total "~uPublic ste l,Equipment and
Iron,
'yy.
Motors Other Land,
■.
Rub er.Ship ingInvestmn Tota—l Total— Public Irson,te l,EquipmentMotaonrdsOther Land, Ship ing •Investmn
;u
'l,
'
.
;
\.
y
E
V;
+
J
i
:h
I-
Total
V
;Total
' 816,0 35 2,0,0 10,5840 ^382,76
'V'
•
1,0 ,0
-421,875
~
—
7—
10, 0 750, 0
50 ,0 4 ,0 ,0
,
Capit l 10,80 4.298,4 7,41,30 37o~ ,o65 193,04 96 5,19 214 1,461,0 8,490,280 6705~,0 45,91536
New
Total'
10—46CRaepfuintdilg 7519,28,6300291,8316630,9419,6023900. -13750, 217714,0,9385220 516,7842'359,0i0 19723,0 89627 i;20,1748,366554
New
*
•.
•
72,8315^3 *7,25.0 40,9450 6,9'0,0 87,02873
^
THE COMMERCIAL & FINANCIAL CHRONICLE
2 §88
Corporation and
Investment News
Y'.
•
•>•«' >$
i
&})
\
v
Period End. Oct. 31—
1
■
•
at par
1946—12 Mos.—1945
667,342
663,732
7,183,008
of
S.
109,719
1,363,834
1,296,214
2 4~ 440
;
municipal*
and
and
~8~039
293~872
304,797
10,129
state
than
Inc.*
S.—Fed.
Fed—Oth.
$6,962,704
$7,026,602
$569,851
$605,553
Transportation dept.
oper.—net
1
86,268
~
*«
120~673
4~518
"V,343
income—net-
Non-oper.
53,553
$609,896
$574,369
$7,147,275
134,885
193,126
1,784,436
Deductions
Fed.
income
divid.
Pfd.
-^V. 164,
2013.
1,105,908
1,341,836
67,023
111,820 v
,
,
Co.—-Participation in Plan
/
■
J
Dec. 1, 1946—
on
.
Products
Dairy
Utility
Southwest
See
1,787,291
$3,146,916
'
Central Oklahoma Service
Expires
2,000,548
$3,362,291
;
$320,911
—
requirements
p.
50,466
*330,777
154,100
equivalent spec. chgs_
Net
$7,102,525
2,168,318
&
income
taxes on
in our issue of Nov. 18, ;
Co.
1946, page 2591.—V. 137, p. 1980.
Central Soya Co., Inc.—Annual ReportDale
W.
Chairman,
'-M'
Sr.,
McMillan,
follows;
Nov.
on
K'-V
stated in part as
12,
'
.
The
1946,
30,
1946
1945
$5,218,195
2,487.339
profit before taxesinc, taxes
Fed. & State
$3,563,132
2,520,240
?$2,730,856
Net
profit after taxes
•Earnings per share—
Common
Other
present outstanding
»Based on
banks
in
355,238
107,338
203,642
162,845
3,169
222
221
5,635
4,028
$8,338,174;
of
crued
salaries,
(banv Federal
tract
to
payable
(trade
f/
;
Other
7,063
12,356
$88,291
See
■
sundry), $793,547; ac¬
$260,326; accrued taxes (other
1946—Month—1945
Though
•
per
through
Coleman
Tre
!
holders
on
3,683.549 *10,173,559
$0.49
24,044,990
The
Nil
8,871,454
$3.19
of
cost
amortized
completed
defense
as
projects
road
in
and
equipment
accordance
with
Internal Revenue Code*
its
subsidiaries.—V,
•;
"
Dec,
„,
shares
record
declared
19
of
-
' '
.
dividend
a
of 49 cents
stock, par $5, payable
29., Distributions of 20 cents each
Nov.
7 and
12
to
holders
of
record
Nov.
RESULTS
,;a>
Sales
v
„
>
i
•
•
FOR
i:'
NINE
•
•
MONTHS
ENDED
•Also
^
after
a
SEPT.
? 3946
•_,
*
Financed^
the
last
which
quarter
bids for the orders
of
are
and Budd.
Last
liners
on
the
were
The
—V.:
are
part
the
of
C&O
the
the
The
American
three
Car
and
companies
364, p.
which
run
is
placed
between
trains
placed
to
in
•
Grand
be
reported
operation
Rapids
delivered
to
and
Detroit
anywhere
involve
total
a
,
in
of
A.
said
on
Increasing number of
Earling, Vice-President
Nov.
2
that
this
sengers in the first ten
of 1945.
This involved
air
in
travelers is shown
charge
of
traffic
company has flown 88%
months of 1946 than in
flying 67%
more
revenue
Mr.
Earling said that the corporation has
passenger miles from Jan. 1 through Oct.
which
ft
£
cars.
statement
a
and
the
sales,
.*894,203
of
Earling
of
56%
October,
in
1945.
the
In
as
of
Assistant
Y'
...
■
the company at Philadelphia in 1934.
position at the home office on
new
1, 1947.—V. 163, p. 898.
miles.
117,893 000
.
revenue
this
year, as com¬
months of 1945
number
October,
of
revenue
1946,
we
said:
"There
passengers,
flew
33,900
as
corresponding week of 1945, an increase of 13.9%. Local distribu¬
of electricity amounted to 193,800,000 kwh., compared with 180,for the corresponding week of last year; an increase of
7.5%.—V. 164, p. 2541.
was
an
compared
passengers,
a
*
®
-
The
557,626
.
1;
281,400
and
CONSOLIDATED INCOME
:**
562,800
286,700
\
18,753
Total
.
;—»*
$4.21
expenses
Co.^
on
sale
plant.—vi
'of
increase
over
Week Ended—
281,400
•
1,048.813
601,735
4,610,039
2,973.440
3,809,154
562,800
(1.49
Net
Total
'
"•
.
.
■;
Net
Net
—V.
I
]
corresponding
I
1946'
v
*
——
26i.__*__
—V.
164, p. 2541.
L
operating
past
last
four
1945
year.
weeks
Increase
187,668,000'
>12.9%
181,307,000
10.2%
-
•
$7,320,643 $12,846,182
"
'X. S
inc.
per
<
••11 "."v
I
share
\ 58,767
———
' :..V
1
:—-—
$10,496,784
(2,728,359 shs.)_
$3.85
—
164, p. 1867.
Y'
I/"-'*
-
t
1
.4
.
563,341
$7,540,976 $13,409,523
101,513
438,698
$10,555,551
*
deductions
income
income
<220,333
459,651
—;
'
-
i
;
r
$7,439,463 $12,970,825
$2.73
* $4.75
,:U
Power
Co.—Common
hj"' W
;
1' *
-
.
*
Stock
share. The issue has been oversubscribed.
11.8%.
14.3%
'180,917,000
!
1,295,000
$10,095,900
revenues
Offered—As
mentioned in our issue of Nov. 18 Morgan Stanley & Co.
headed a group of 31 investment bankers which on
Nov. 15 publicly offered 500,000 shares of common stock
(no par) at $36 per share. These shares were awarded to
the Morgan Stanley group Nov. 13 on a bid of $33.5399 a
v/ -
^ 183,413,000
209,641,000
zi. 204,211,000
-—'199,746,000
period
the
income
3,519,000
—
annuity fund—
payt. to
Consumers
Co.—Weekly Outputthe
of
1
2,913,456
taxes
\ "V'_V-
•
!
—
Total other income
163,' p. 3281.
164, p; 2405.
3,347,124
2,360,053
3,258,321
5,377.000
Portion
$560,392
•
Ltd.—Production—-
209,799,000'-
——
Oct.
—i—j.
9 Mos. '45
12 Mos. '46
$55,-322,974;$51,767,975 $73,186,784
21,152,863
14,457,220
15,385,203
22,005,683
14,972,485
16;110,904
2,464,887
Gross
are the kilowatt-hour outout totals of
and percentage comparisons with last year;
f
16
——
—
STATEMENT
9 Mos. '46
Cleveland; fire Jpss—**:ri—^
56,920
Depreciation, depletion and amertiz. < 3,431,704
Federal taxes on income (est.)—
4,864,000
93,228
$2.28
Following
Nov. c 9_wt.
Nov.
2
revenues
gas
Operating
1 650,000
Electricity output of the Commonwealth Edison group of companies,
excluding sales to other electric utilities, for the week ended Nov. 16,
Nov.
operating
Purchased
ii^*93^02O^
562,800
shares
'■
11.8%
r>
Period Ended Sept. 30—
*
■
announces^ihat
a
Y
Consolidated Natural Gas Co.—Interim Report—
Other
$1,004,225
Commonwealth Edison
showed
1591.
$1,890,473
company
Its production; for the four weeks
28. 1946 amounted to 386,495 barrels, which compares with
405,994 barrels for the foiir,'weeks ended Sept. 30, 1946 and
523,073
barrels In the five weeks
'
6668) filed Aug. 9 with the SEC
convertible preferred stock (par $25>
has been withdrawn.—V. 164,
150,000 shares of common (par 50c)
Sept.2, *44
281,400
$2,091,075
——^
Statement
(No.
registration statement
shares of
covering 97,363
p.
.
$511,115 profit ^realized
The
•
Inc.—Registration,
Hotels
Consolidated
Withdrawn—
1080.
164, *p.
,
pas¬
passengers carried by C. & S. for the first ten months
1946 is 298,000, as compared to 158.255 in the
same period of 1945
the month of October,
1946, Mr.
For
increase
his
assume
•«>
Subs.)-4Earnings—
ep§fd Sept; 2,: 1946.—V.
period '
Total revenue
with
officially
appointment
Dawes
-v
:
the
ended Oct.
■
%
who
revenue
similar
passenger
flown
31
in
more
pared to 70,534,599 passenger miles for the first ten
of
•*
the
Henry
and
300,000 kwh.
1,270,499
.
Colon Development
_
ever
J.
% announced
4
Maintenance
——
common
*Include3
America,
284
—
of
,'
stream¬
new
Chicago & Southern Air Lines, Inc,—Traffic Increased.
The
By
President, has
Vice-President,
tion
1945
?
$2,422,200 V ^1,369,530
1 J 49,725
83,905
Earned per share—
submitted
Foundry, Pullman-Standard
,
Marquette
post-war
just
Number
equipment," Mr. Young said, "are scheduled
1947."
Pere
daylight
first
order
Surplus
Lines.
,
August
as
amounting
$9,129,678
,
-
for
Wilde,
Smith
Hartford,
'
•
30
.
two
the new
v
Co.,
Insurance
Nov. 20 announced that System output of electricity
(electricity generated and purchased) for he week ended Nov. 17, 1946,
to 206,000,000 kwh., compared with 180.800.000 kwh. for
made
were
1,650,052
$50,000 reserve for contingencies.—V.
new streamliner
trains was placed with the Edward G. Budd
Manufacturing Co.
• ;
Net profit
c.--..V"'■
>.
•!»."'' V. ;TC *
■''■
Mr. Young said that the new
Prefelrred' dividends
equipment ordered on Nov.'19 will be
financed through equipment trust certificates
at an interest cost of
1 Common dividends
less than 2%. The order also provides cars for
the Pere Marquette and
on
Life
General
Smith became Manager for
will
on
of two
held as
The company on
to
6
$10,808,434
——
Collins & Aikman Corp. (&
the
Roads
.on Sept. 4, 1946
each common share
for
Consolidated Edison Co. of New York, Inc.—Output—
share
Dec.
29.
'»
Plate
Mr.
He
.,
—*
"Deliveries
B.
F.
shares
cents;
Secretary.
Sept; 6, last.
:
■
"
quarterly dividend of 53 Ya cents per share on the 40,000
4V*% preferred stock, par $50, was also declared, payable
of
—
Nifckel
increased
the
„.
Frazar
Stuart
usual
replacement of every passenger car on the Chesa-^*'
(Excluding Canadian subsidiary)
peake and Ohio Lines—sleepers, parlor cars and coaches—were
placed: v
at a meeting Nov. 19 of the
6Months Ended—
company's directors, it was announced
Aug. 31, '46 Sept. 1, '45
by Robert R. Young, Chairman of the board. This complete modern-'4 Net profit, including other income *$4,300,063
$3,050,978
ization will involve an expenditure of about
Depreciation
<
265,699
258,294
$26,000,000.
' >, •
The contract" for these
F*ov. fox reconversion & other adj.
orders, which supplements previous commit¬
400,000
ments for new equipment, was awarded
^Provision for pensions—
to the Pullman-Standard Car
* 29.164
31,154
Manufacturing Co. on a competitive basts. The C&O's last order for
Federal .and State^income taxes*—
1,583^)00. .. 992,000
its
stock
common
Conn.—New Officials—
164;
on
1946, the company this year paid the following dividends:
and May 15 and Aug. 15, 75 cents each.—V. 164,
25
Connecticut
•
per
common
.—
Through Equipment Trust Certificates—
for
and
of
common
1947 to holders of record Dec. 16,
made
was
the distribution
while prior to
shares
22,
2,
distribution
2151.
p.
misleading;
;
authorized to be,,,
section 124 of the:,-, Promts before taxes, etc.
•Net profits after all charges and taxes
■
'
•'
•
'
Places Large Order for Passenger Cars to be
Orders
last,
1,
of Aug.
$1.21
-
v
of
June
Nov.
on
400,000
-
of
of 25 cents per share has been declared on the
similar
A
Jan.
,
Co., inc.—Declares 40-Cent Common Div.—
directors
the
on
'
,
dividend
Nov.
meeting on Nov. 20 approved a
to Claude Neon, Inc.
many patents in the neon and fluores¬
Inc.
hour
adjusted
corporation
1946.
.
and amortization of
$1; deferred charges,
Conde Nast Publications, Inc.—25-Cent Dividend—
annual
Laboratories,
' '
etc.,
Southern Corp.—-Weekly Output—
&
weekly kilowatt
stock, no par value, payable Jan. 2,
name
depletion
output of electric energy of subsidiaries
to show general business conditions of
territory served for the week ended Nov. 14, 1946, amounted to 283,697,510 as compared with 244,262,646 for the corresponding week in
1945, an increase of 39,434,864 or 16.14%.—V. 164, p. 2541.
name
owns
depreciation,
.
this
Jan,
NOTE—October, 1945, figures Include balance of unamortized amorti¬
zation
Reeves-Ely
1866.v.
p.
12,372,366
share-
com.
•Deficit.
company
for
reserves
Commonwealth
The
of
addition itd" owning valuable: o» producing wells and
"fields, busi¬
activities of the,,company are now largely centered in fire insur¬
ance, • electronics,, electrical
equipment and electric home appliances
shares
Earns.
less
interest in subsidiary companies, $1,365,598; capital stock
(1,612,218 shs- no par), $21,849,354; capital surplus, $21,001; earned
surplus, $12,772,836; total, $40,245,493.—V. 162, p. 2940.
In
l,549,443Cr28,208,544
Balance to surplus*J.
the
1946
$
19,454,251
i—
taxes*
the
SEPT. 30,
minority
ness
$
*
163,147,981 170,154,680
12,711,000 Cr8,062,874
Other railway taxes-—
1,139,287
738,544
10,275,504
9,895,040
Net ry. oper, income;-T; 4,161,978
*9,613,105
28,651,219
34,117,014
Net
income—
:
3,725,303 * 10,133,844
24,462,620
9,278,993
Sinking funds approp,* ;
41,763
' 39,715
417,630
.407,539
income
■
operations in other fields made the old
1945—10 Mos.—1945
$
income
S.
at
$703,208
$4.31
LIABILITIES—Accounts payable and accrued accounts,
$2,087,929;
and foreign taxes on income (inclyding reserve for renego¬
tiation), $1,948,775; reserve for taxes and other contingencies, $200,000;
lighting field, Lowell M. Birrell, President, said its manufacturing
activities in that, field were now
virtually nil, whereas its enlarged
«*"
■
cost,
cent
,
Chesapeake & Ohio Ry, Co.—Earnings^-.
stockholders
$736,532
$1,46
$2.32
$37,863,528), $21,037,872; patents, goodwill,
$506,198, total, $40,245,493.
Lights, Inc., . below.
change In the company's
*
CONSOLIDATED BALANCE SHEET,
6,424
Claude Neon Lights, Inc.—Changes Name—
The
liabilities, $39,777; provision for Federal and State taxes on '
income, $2,487,339; -3%
sinking fund debentures, due Sept. 1, 1966,
*4,000,000; minority interest in capital stock and surplus of a sub¬
sidiary company, $33,296; capital stock (issued and outstanding 639,950
•hares of no par
value), $5,396,504; capital surplus ; (arising from
consolidation), $14,884; earned surplus, $4,225,170; total, $17,483,880.—
*. 164, p. 1715.
•
<
»
f
i
«3*bss
Neon
$2,315,425
1,612,215
^
deducting
additional
accrued
VI.
Claude
1,612,218
$1,974,098
paid
ASSETS—Cash, $6,286,204; U. S. Government obligations, at cost,
$1,274,000; marketable securities—at co6t (quoted market value $999,373), $868,995; accounts receivable (less $35;582 reserve), $3,274,756;
Inventories, $3,798,619;
investments—at cost, $2,969,979; notes, ac¬
counts receivable, etc.,
(less $30,179 reserve), $228,869; fixed assets—
$71,085
;
$2,348,750
1,773,440
9,495
1,526,328
depreciation and depletion of $1,965,514 in 1946,
$2,462,431 in 1945 and $2,290,933 in 1944. tlncludes renegotiation.
5,498
$38,369
111,163
$3,732,805
4,667
1,225,000
187,713
(est.)
profit
•After
143,742
Cr5,377
494,691
$4,422,270
8,535
11,950.000
114,985
Federal
8,178
<
taxes
Surplus
1
Earnings per common share
231
4,763
168,949
11,291
38,790
f 427,940
charges
Dividends
and
stock
Period End. Oct. 31-i
34,070
taxes
$3,994,330
$5,394,524
*
income
•Net
$3,238,115
$4,790,600
v; 603,924
$3,747,538
income
Minority interest in earnings
Claude Neon, Inc.—New Name—
and commissions,
taxes on income)^$123,292; liability oiy con¬
of a subsidiary
company), $109,746; other
wages
profits
etc., oper. exp.
admin. & general expenses
Federal income
98,847
;
;
1946
; 1945
1944
$24,709,306 $19,460,138 $17,190,133
16,665,355
13,092,128
11,692,690
3,253,351
2,373,680
2,259,323
sales
Total
1,218,894
!
2,042
.
Subs.)—Earnings—
Sept. 30—
operating profit
A
and State
purchase
$2.84
Other
PURPOSEr-Company proposes to apply net proceeds to the following
purposes In following order of priority:
(a) to repayment of Recon¬
struction Finance Corp. loan, $90,000; • (b)
to construction of factory
and office building at San Gabriel,
Calif., $250,000; (c) to provide
additional tools, machinery and
equipment, $125,000; (d) to working
capital, $33,500.—V. 164, p. 1327.
•
'
"
U. S. Treasury
$1,375,231), $3,863,176; total, $17,483,880.
taxes-
$43,898
977; property, plant and equipment (after reserves for depreciation and
LIABILITIES—Accounts
Income
Net income
notes, drafts and accounts receivable (after reserve for
doubtful receivables of $76,859), $790,484: inventories, $4,275,985; pre¬
paid expenses, $101,085; non-current receivables and investments, $96,-
$1.95
Selling,
$1,549,022
1,550,250
facilities
...
$2.23
Cost of sales,
for spec, amor¬
tization of emergency
3420,157-
$124,007
Net
Adjust,
notes, $18,000;
amortization
deductions
exc.
$85,407
at
479
exps.
2,181
$97,573
to
Columbian Carbon Co, (&
1943
Income
SHEET, SEPT.. 30, 1946
hand,
on
1944
$1,991,127
29,798
36,863
1,500
9 Mos. End.
*
Other income
$1,229,220
$1.86
$1.71
1945
20,866
22,390
22,774
29,400
taxes
—V. 164, p. 824.
178,187 shs.
$2,683,836
2,380,875
4,663
$192,851
surplus
Earnings per share (43,750)
Years Ended Dec. 31
$537,633
2,513
$130,705
deductions
Balance
120,000 shs.
-
3,861
for Federal income taxes
Prov.
Outstanding
1,000,000 shs.
par)
sales
of
Sell.,'admin., etc.,
659,950 shares, yr
and
($1
$188,189
$151,247
Prov. for State income
$200,000
200,000 shs.
($5 par)
June 30, '46
$4,349,377
$1.57
CONSOLIDATED BALANCE
ASSETS—Cash
stock
sales
Net
Cost
Fed.
$3,774,346
; 2,647,709
$4.14
^
pfd. stock
conv.
798,501
$128,192
*
income
Income
524,843
$147,386
income
income***
Gross
$986,695
$653,035
610,193
revenue deductions
oper.
Operating
FINANCING
PRESENT
$200,000
6 Mos. End.
1943 ?
1944
TO
notes
SUMMARY OF SALES AND EARNINGS
Federal
$1,036,892; $1,126,637
■
cumul,
installment
conv,
1966.
CONSOLIDATED EARNINGS FOR YEARS ENDED SEPT. 30
Net
unsecured
5V2%
These debentures
are to be retired
at the rate of $200,000 per year over the next 20
years at par value.
The company has the further privilege of calling
and redeeming an additional $200,000 each year at par, without any
premium or penalty.
The balance of the funds received from the sale
of the new debentures, over and above the amount, required for the re¬
demption of the 3 V4% sinking fund debentures, due Aug. 1, 1959 and
5-year unsecured-bank loans, was added to working capital. <
clue Sept. 1,
sinking fund debentures
EFFECT
Authorized
$2,813,860 to $5,396,504.
September,
000 3%
GIVING
12 Mos.,'43
1946—9 Mos.—1945
has
company
CAPITALIZATION
1946,
the company redeemed its $2,050,000 3 V*%
Sinking fund debentures due Aug. 1, 1959, and its $850,000 2V*% 5-year
unsecured bank loans due serially from J 947 to 1950, and issued $4,000,In
service.
$757,579
Operating re/.mue—Electric
Total
was
5%
from
Sept.
year,
$651,000 first mortgage 3%% series
ditional facilities to meet increasing demands for
Registrar; California Trust Co., Los Angeles.
Transfer Agent: Bank
America National Trust and Savings Association, Lo6 Angeles.
increased
fiscal
used to refund
A and the balance will be used for the installation of ad¬
been manufacturing a ball-pointed pen for Ball
Pen Co., Los Angeles, which is sold under the trade name "Blythe."
Company is also preparing for the market a low-priced ball-pointed
pen which it plans to sell under Its own trade name.
The Clary pen
will
be
produced in two models which are expected to retail for
approximately $2.50 and $4.50, respectively.
' ?%YY
the
of
close
placed privately $1,100,000 first mort¬
2%% bonds series B, due Aug. 1, 1976.
Proceeds
EARNINGS FOR PERIOD ENDED SEPT. 30
the net working
Capital was $9,408,617, as compared to $6,814,394, an increase of $2,594,223
or over 38%.
The net worth at the close of the present
fiscal year amounted to $9,636,557, or $14.60 per share for the 659,950
outstanding shares, as compared to $7,490,902 at the close of the
previous fiscal year, or $11.35 per shaie, on the shares presently out¬
standing.
During the year, the number oi shares of capital stock was
increased from 220,000 shares to 659,950 shares as a result of stock
dividends, and in connection therewith the capital stock account was
the
of
As
^
-
were
incorporated in California
March 30, 1939, for the purpose of developing and manufacturing a
combination adding, listing and multiplying machine, known as the
Clary Multiplier, invented by Hugh L. Clary. Company's head offices
and principal manufacturing plant are located at 1524 North Main
Street, Los Angeles.
■
From
the date of its organization until
1941 the company was
engaged in "developing and preparing for manufacture the adding,
listing and multiplying machine. In 1941 the company converted its
operations to war production and from then until the end of the war
its principal products were aircraft parts,
aircraft armament, selflocking nuts,
bomb fuses and ammunition
components.
Promptly
upon the termination
of the war the company commenced recon¬
verting its plant primarily to the production of a new adding machine
which embodies the adding and listing features of the Clary Multi¬
plier. ; Reconversion has now been substantially completed.
The
company's principal product since its introduction in April,
1946, has been the Clary Adding Machine, an electrically operated
portable machine weighing approximately 19 V2 pounds, which sells
at retail for $224.
This machine records on a printed tape the fig¬
ures
to be added and their sum.
The basic principles of operation
of the Clary machine are not protected by patents, and it is to be
anticipated that other manufacturers may produce similar machines.
The Clary Adding Machine will print and add at the maximum rate
of 188 factors per minute, whereas machines with which it competes
operate at maximum speeds of 126 to 148 factors per minute.
The company performs in its own plant most of the manufacturing
operations which are normally performed by adding machine manu¬
facturers, except gear hobbing.
Taxes—
State
,»r
The company has
($5) and dividend from Oct. 1, 1946.
HISTORY AND BUSINESS—Company
6,913,610
116,381
Operating expenses
>, •,
.
$1,351,341 $15,867,316 $15,487,454
$1,413,716
October,
Clary Multiplier Corp; — Preferred {Stock Offered—
Maxwell, Marshall & Co. on Nov. 13 offered 120,000
shares of 5%% cumulative convertible preferred stock
,
1
1946—Month—1945
'•
revenues
.A.
,r.
gage
Central Maine Power Co.—Earnings—
Operating
1946, were 13,000,000, a 3
flown in October, 1945/—V.. 164, p. 1865.
for
miles
passenger
million Jump over the 9,550,328
;f
(Continued from page 2683)
•
Revenue
/\V
vi
Colorado Central Power Co^—Sells Bonds Privately—
21,778 passengers flown in October, 1945."
32,000 increase over the
General
'
Monday, Noveftiber 25,~ 1946T
PURPOSE—The
\
K
the
sale
credited
$16,769,950
of
the
to
common
500,000
to be received as the proceeds from
of common stock are proposed to be
stock account and, in accordance with
shares
capital
Cornell-Dubilier Electric Corp.—Plans Expansion—
available for use by the company,
shares, are considered to be
provided in said
such
«s
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4545
Volume 164
v'" '/'-
;
7*7
"for the acquisition of property, the construction, completion, extension
or
improvement of facilities or for the improvement or
■yt maintenance of service, or for the discharge or lawful refunding of
!.
20.
'
obligations,
;
of
under
which
•
estimated to cost in excess of $53,000,000, are
or are
presently proposed to be undertaken,
is estimated to be expended in 1946 and the
completion of projects started in 1946. Such "projects
3
•
approximately $5,000,000. Company
unit will be completed in the fall of 1947.
"
of
estimates that this
of
of
rating
The
facilities to use Texas, Kansas
that part of the territory presently
seiVed
with Michigan gas and to provide a larger supply
to the
j/. company as a whole. The project involves, among other things, the
following steps which it is proposed, insofar as possible, to effect
through a new company, Michigan Gas Storage Co.: (i) the purchase
of the remaining
gas interests
in the Winterfield and Cranberry
Lake natural gas fields, tii) drilling additional wells in said fields
to develop
them as gas storage fields,
(iii) the construction of
transmission lines from the Panhandle Eastern Pipe Line Co. de¬
The
natural
in
gas
crued
Panhandle Eastern Pipe Line Co. and
from
of the
In
sufficient
gas
involve an expenditure by the
during 1947 and 1948, of about $14,000,000.
or
estimated
cost
transmission
electric
first
$6
close
business
of
on
said
days after the record date,
30
to
preferred stock, series
ruling of the Curb Exchange,
a
but
suspended from
was
Previous
Officials*of
the
company
which¬
dealings
A,
without
on
par
not
was
quoted
"dividend
a
the
issuance
additional
of
in
securities
an
amount
which may aggre¬
gate $45,000,000 before the end of 1949. Such additional securities may
Include common stock or senior securities or both.
CAPITALIZATION GIVING
EFFECT TO
PRESENT FINANCING
Authorized
1st
'
.
2Vo%
bonds,
mtge.
'
.
*
,
$113,825,000
1,000,000 shs.
6,000,000 shs.
(no par)
future
advances
secured
and
other
and
indebtedness
sums
which
may
All
The
is a" corporation
which was organized in
It was admitted to do business in the State of
July 21, 1915.
is engaged, entirely in the State of Michigan,
in the
and its distribution and sale in Manistee. The population of the
territory served is estimated to be in excess of 2,255,000. The company
steam heat in five communities and water in two com¬
munities and, incident to its electric and gas business, sells appliances
And cooperates with appliance dealers and retailers.
Company's elec^tric transmission lines interconnect with those of The Detroit Edison
of
1955,
the
Michigan Public Service Co.
The
New
holdings will represent approximately 78% of the voting stock out¬
standing. Under the plan filed by Commonwealth for compliance with
the Public Utility Holding Company Act of 1935, Commonwealth pro¬
poses to distribute to its preferred and common stockholders all of
the common stock of the company, owned by Commonwealth,
when
and as such plan has received the necessary approvals and such dis¬
tribution can lawfully be made.
attached
respective numbers
of
name
of shares
follows:
.
i
each
of
principal
common
stock
underwriter
and
underwritten
'
No. of
-
& Beane..
*ner
t
...
Paine,. Webber, Jackson &
34;250
34,250
First of
Michigan Corp
25,000
Watling, Lerchen & Co
25,000
Curtis
Hornblower & Weeks
20,000
Laurence Mt Marks & Co.. 20,000
i ifi.fioft
f»r»TP} Ar. cn
MacNaughton - Greenawalt
& Co.
;
John R. Schermer & Co.
Crouse & Company
|fM. A. Manley & Co.----,-.
in
the
share
one
of
the
ratio
V,
j
,
of
with
2,750
2,750
2,200
....
be
withheld
at
source)
to
holders
York
The
2,977,656
depreciation—
Amortlz. of plant acqui.
adjustments (General taxes———.1
2,104,496
587,792
expenses
558,042
for
Prov.
Federal
income
&
229,000
8,762
;
j
515,623
yi':'''
on
Nov. 15
u'
*
./"• '•
for
income
profit
principal
*' tTet
of ,bonds
amount
from
Dec.
4,343,439
5,
Dec.
15,
Oivids.
on
•
$1,169,696
pfd. stocky
-
-205,420
447,258
1,804
77,526
$625,823 $12,772,586
205,420
2,465,195
$6,919,283
3,344,849
^
$964,276
164,
J
$420,403 $10,307,390
$3,574,434
;V'
r
Offered—General
as a
stock
at $10 per unit.
speculation. / • /
7^
A.
MacFarland,
and Secretary; Charles
Dorothy Roosov.
*
President;
H.
Norton
Treasurer;
-
'»
.Authorized
(par $1)
*
60
a
A
stock
cent
entitled
are
payable
are
dividend
must
to
395,000 shs.
be
paid
common
non-cumlattre
holders of
to
to
stock.
dividends;
stock
common
holders
v.
10,000 shs.
-
50Q.OOO shs.
vested exclusively in the holders of
are
dividends
•
■/ 7
Outstanding
*
25,000 shs.
.
(par 10c)
N.
Cutter,
Class
of
and
in
A
any
stock
of Class A
stock shall be
entitled
to
receive $10
common
:,v
,
PURPOSE—Net proceeds will be used for working capital and other
corporate purposes, including the purchase of
materials, equipment
and other requirements for the promotion and distribution of
company's
products.—V. 164, p» 2285.
raw
-
-
'
.
,
Distillers Corp.-Seagrams, Ltd.—To Redeem Pfd. Stk,
The
distilling industry has not benefited to
'
.
deposited
I
At
—
•
said
subsidiary companies have been able to make
of aged whiskies during the year without
allocations
the; company's
policy
of
releasing
only
'
high
grade
.
.
Bronfman
Mn
during the
past
the
had
..
on
a
to
that
the
improve
company has taken several steps
its capital structure by subdividing
five-for-6ne basis last June. He said that today
company, has more than half again as many shareholders as it
before the split-up. The company also refunded its $50,000,000
20-year 3'/4%
at
declared
yerar
its common stock
rate
a
the
of
debentures during the year by means of a
2Va%." '
•
**•
fiscal
similar Issue
•
under review," Mr. Bronfman said, "the sales
of our subsidiary companies reached a record figure of $477,471,751.
Consolidated earnings for the year, after all charges, including pro¬
vision for income and excess profits taxes, totaled $24,530,122."—V 164,
year
p. 2015.
-
,
'
Districraft, Inc., Chicago—Files with the SEC—
6,416
7
company
for
.
'
1
: •;
*
has
'•
on
Nov.
18
1
to
holders of record Dec.
6.
declared
'
.
^
dividend of $1 par share on the
a
outstanding $5,000,000 of capital stock, payable on
RR.—Offers Equip¬
:
,
m
1
The directors
Distributions of 75
and after Dec.
cents each were
12
made
March
29, June 28 and Sept. 30, last.
Payments in 1945 were as follows: March 31, June 29 and Sept. 28,
on
issued invitations for bids to be considered on
of equipment trust certificates series E, dated
1946, and maturing In 20
"
Nov. 12 filed a letter of notification with the SEC
50,000 shares ($1 par) class A common. Offering price, $2.50 a
share. Proceeds will be used for working capital and expansion. Issue
$686,835 •'•/, $51,463
242,400
/ 202,000.
50 cents each; and Dec. 21, $1.
The directors also declared
for $4,000,000
semi-annual installments from June
their
than
cost
those
a
wage
and
salary
dividend of
6%
of
fourth
quarter's compensation in 1946 from current profits to
employees actively employed by the company on Dec. 31, 1946.
./ —V. 163, p. 3416.
Equipment Trust Series D Authorized— /
-
7,* Domestic Industries, Inc.—Semi-Annual Report—
t
as
in
a
"For
$5,025,000.*
liability,
major extent from
special meeting, the stockholders approved the redemption of
the company's cumulative preferred stock, 5% series, on Feb. 1, 1947,
at a price of $15 a share in U. S. currency, plus dividends.
"It is intended that half the approximate $12.8 million required for
this redemption will be provided out of available funds and the re¬
maining by bank borrowings, all at an annual rate of amortization
which will be less than the sinking fund requirement on the cumulaviive preferred stock," Mr. Bronfman stated.;:"
/
*
425,511
Bronfman
increase
compromising
products.
$9,415,840 « $3,288,755
1,112,346
t57,879
—•
■
any
the lifting of wartime restrictions, principally because of the grain
shortage, Samuel Bronfman, President, told stockholders at the annual
meeting held Nov/14,,
;
.••
3
1,:
Subs.)—Earnings—
operations
The ICC on Nov. 6
Balance
using
like
a
some
15, 1947, to Dec. 15, 1956. They are designed to finance not more
80%
of the purchase
price of new .equipment estimated to
6,573,408
57,220
on
for production
companies
-share—$2.87
$0.21 7 not underwritten,
'-w
"
^
*
' '
'
"
amortization: 1940/ $19,632;/
(Joseph) Dixon Crucible Co.—Larger Dividend—
income of* $50,000.—V, 164,
company
17,893,352
3,480,715
36,965
other
.
Issue—
ment
16,778,086
-
hand
on
per share before any payment shall be made to the holders of
ZtOCk.
30~+
Delaware Lackawanna & Western
292,453
.
common
William
and
dissolution the holders
3,228,696
957,046
and expense—.
37,354
deductions.Cr2,958
Income^
per
287,942
prem.
Other
orders
period. Class A stock can be redeemed by the corporation
any time, in whole or in part, upon 30 days' notice at $10.50 per
she re and such Class A stock is convertible, at any time prior to such
redemption, by the holder into three shares of common stock of the
corporation for each share of Class A stock. Upon liquidation or
deposit receipt on Nov.
continue td be'dealt in
/ -y'r-'-y '
made on the basis of a
'
-•After charging for depreciation arid
1945, $20,220.
flncludea ■ extraordinary
p., 1081.
«
3'
$1,492,035
.
long-term debt.
Amortiz. of debt disc.,
on
of unfilled
at
.
and offers in the deposit receipts are
Earned
Cr745,284
_
substantial bank
a
offered
are
are:
Keller
Class
any
period,
,
The
Gross
Int.
J.
Voting rights
before
with the procedure for deposit,* and the (plan for the
Income
Shares ! outstanding
2,698,246
4
s
[8,562,701
shares
two
Vice-President
Holders of
RR.—Principal and Interest Payments^
Net
?
Record October Ship¬
substantial bank of firm orders
a
Class A. stock
The
(3,395,706
;
1,234,269
978,193
,
•
13 that it has
Common stock
at the close
'
'■
directed that the bonds
Net sales
6,357,800
ex¬
CAPITALIZATION GIVING EFFECT TO THIS OFFERING
;
a
Datvcffa Stores Corp. (&
29,212,033
sr
,
exc^
profits
29,354,444
6,849,000
Nov.
directors
Herman
;,
Stock Exchange
« Months Ended Sept.
$6,044,440
revenue
.
-—
'
and
Keller,
*v
of record
•
1946—Month—1945
1946—12 Mosi^-1945
$5,082,854 $65,455,561 $58,644,844
Period End. Oct. 31-^
and
COMPANY—Company was incorporated in Delaware Sept. 10, 1946.
Company has been organized for the purpose primarily of manufac¬
turing and distributing chemical products. The corporation owns cer¬
tain formulae, inventions or improvements.
■
a
EARNINGS FOR MONTH AND YEAR ENDED OCT, 31
Gross
J
These securities
1946,
•Net
taxes
Stock & Bonds Corp;, Boston on Oct. 28 offered 10,000
shares Class A stock (par $1) and 20,000 shares common
stock (par 10c) in units consisting of one share Class A
stock
for
percentage of the original
($1,000,)—V. 163, p. 2722.
2,750
2,750
Operating
*
w
1'
Co.—Principal and Interest Pay¬
provision for Federal income taxes
:
shares
2,750
Wm. C. Roney & Co
Smith, Hague & Co
H. H. Butterfield & Co
;
•
four
is
"flat."
4,400 •
McDonald-Moore & Co..
-
of
Bids
16,500
W. E. Hutton & Co
p. • 8. Moseley
<
of
•
of Crosley common stock.
outstanding Crosley common
posit receipts be quoted ex $36.10 per $1,000
19, 1946; and that the deposit receipts shall
4,400
-
accrued
Devonshire Chemicals Inc.—Stocks
1946, and first lien and refunding mortgage gold bonds.'1 series B,
6%, extended to 1946, to holders of record at the close of business on
21, 1940.
'
'
'/ . ' j
7tT 1
The New York Stock Exchange on Nov.
15 directed that the de¬
5,000
Co.—16,500
Central Republic Company
(Incorporated) ...12,500
t
each
Nov.
•
E. H. Schneider 6c Co..-*.-
$132,593.''
of
parts for automobile,, truck, trailer and
heavy metal stampings.—V, 164, p. 2015,.
of participation certificates, payments will'be-made on Dec.
of $35.13 ($4.12 interest payment, $15.21 principal payment
and $15.80 cash payment in lieu of participation certificated for 1946,
amounting to $16.77 less Cuban tax of $.97 to be withheld, at source)
per deposit receipt for $1,000 original principal amountp'of first lien
and
refunding mortgage gold bonds, series A, 7V2%', extended, to
No. of
34,250
payable,
p.; 1206.
Division has
Issuance
Shares
1946
Indication of the present demand for home .appliances, this
one of the largest makers of gas and electric ranges, re-
on
Mr.
Spencer Trask & Co
16,500
'McDonald & Company
12,500
Alex. Brown & Sons__.
11,000
--E. W. Clark & Co...
*
11,000
Tucker, Anthony & Co—11,000
The Wisconsin Company.. 11,000
Campbell, McCarty & Co.,
■
Inc.' B',500'
34,250
34,250
34,250
34,250
Braith, .Barney <&-Co.
.
ported
thereto
Cuba
as
30,
# hand which is the largest in its 80-year history and that October ship/ ments hit a new high monthly record at more than $1,800,000.
Like¬
wise, according to John A. Fry, President,.' the Metal Fabricating
payment
In accordance
1,
Shares
Morgan Stanley & Co
Blyth & Co., Inc
l
Eastman, Dillon & Co
Glore, Forgan & Co.
Merrill Lynch, Pierce, Fen-
$0.80
SEPT.
^
percentage of the original principal amount ($1,000).
In¬
payable on the bonds at the National City Bank, New York,
N. Y.—V. 163, p. 2722.
...,u
$1,483,693
170,101
$1,313,592
BALANCE SHEET
164,
Aa .an
made beginning Dec. 2, 1946, must have the rider
stamped to show the above payment.
<•,
.
**
Bids and offers in the bonds and deposit receipts are made on the
terest
7
r
$364,0611
1,119,632
contracts
change
basis
'
paid
ments—
quoted ex-interest $4.26 per $1,000 bond on Dec. 2, 1946; that the
deposit receipts be quoted ex $36.10 per $1,000 deposit receipt on Dec.
2, 1946; and that the bonds and deposit receipts shall continue to be
dealt in "flat" and the bonds, to be a delivery in settlement of Ex¬
the
are
249,o00
Detroit-Michigan Stove Co,
be
Corp.
$613,561
tax
.Z-
'
476.—V.
outstanding 15-year 3!/4% sinking fund debentures due
have been called for redemption on Dec. 20, next, at
procedure
to
is a
subsidiary of The Commonwealth &
(Del.), which, on Sept. 30, 1946, owned of record and
"beneficially all of the common stock of the company (3,623,432 shares)
representing approximately 87% of the voting stock outstanding. Upon
the sale of the additional shares of common stock Commonwealth's
;
stockholders
for
interest.
$0.97
,
tax,.^^,^,./.,.-,,
surplus
7
18
of business on Nov. 21, 1946.
CONTROL—Company
PURCHASERS—The
income
LIABILITIES—Accounts
transitory provision of the Constitution of
deposit, and the plan for issuance of paricipation certificates, payments will be made on Dec. 1, 1946, of in¬
terest of $4.26 per $1,000 original principal amount of first mortgage
gold bonds, 5%% series of 1942, due 1942, upon presentation of bonds
for stamping of the rider attached thereto; and of $35.13 per deposit
receipt for $1,000 original principal amount of said bonds ($4.12 inter¬
est payment, $15.21 principal payment and $15.80 cash payment in lieu
of participation certificates for 1946, amounting to $16.77 less Cuban tax
gas
i
Crosley
stock
accordance
In
Cuba,
«lso supplies
Southern
Federal
etc.)
Income'
i
purchase of natural gas and its distribution and sale in
246 communities and townships and in the production of manufactured
>
Nov.
on
Cuba Northern Rys.
and
Co., the Lansing municipal plant and
claims,
Federal
ments—
generation and purchase of electricity and its distribution and sale in
1,253 communities and townships as well as rural areas, in the pro¬
duction
term,
on
before
on
hand and in banks, $421,269; U. S. Government
including accrued, interest, at cost, $861,376; customers'
receivable, $326,828; inventories, $298,678; claims, cash value
ol life insurance, deposits, vacant land and employees' accounts, $88,031;
property, plant and equipment
(after reserves for depreciation and
amortization
of
$763,250),
$374,058; prepaid insurance, taxes
and
/ patents, $44,237; total, $2,414,476.
'
of the full redemption ,price may be obtained
at The First National Bank of the City of New York, 2 Wall Sreet,
New York, N. Y.—V. 164, p. 2542.
the mortgage may secure future advances and other
and sums not to exceed in the aggregate $500,0000,000.
company
the
and
Immediate
BUSINESS—Company
on
of
1,
102
Maine, April 14. 1910.
Michigan
to
common
Dec.
be
234,954
$562,278
51,283
ASSETS—Cash
Crucible Steel Co. of America—Calls Debentures—
thereby,
indebtedness
stockholders
already owned 90.9%
stock.—V. 164, p. 2284.
-•Mortgage provides that, until a supplement indenture or indentures
shall be executed and recorded increasing or decreasing the amount of
$797,232
7_ZZZIIIr
.'securities,
Corp*—Refunding Approved—
Avco
547,788 shs.
4,123,432 shs.
(profit
SEPT. 30. 1946
...
expenses
Crosley Corp.—Merger Agreement Approved—
distributed
Avco
12,150,000
^
12,000
1-
Property purchase obligation —
Preferred stock, cumu. (no par) $4.50
pref. $547,788 shares outstanding).
stock
Outstanding
2%
:t accounts
approved an agreement between this
company and The Aviation Corp. providing for the acquisition oy the
latter of all of the property and assets of
Crosley and the issuance
by Avco to Crosley of shares of Avco common stock which are to be
due
series
Sent. 1, 1975
—
Notes payable to banks 1 %%, due semiann. $675,000 to Sept.
14, 1955
Common
The
of
tax, $320,925; capital
$1,313,592; total, $2,414;-
16
(The)
rate
2285.
penses,
$80,366; provision for Federal income
stock (par $1.25), $567,000; earned surplus,
directors oh Novl 15 declared a' dividend of $1 per share/payable
to stockholders of record Nov.
29.
This
compares with
75
cents per share paid on June
15, la6t, and on Dec. 15, 1945, and 50
cents paid on June 15, 1945;i—V. 164, p. 1867.
Dec.
the
at
p.
Surplus as at Sept. 30, 1946_____
Earned per share on capital stock
Nov.
Creole Petroleum Corp.—To Pay Larger pividend---
estimate that construction expenditures to
164,
surplus
Total
company,
presently anticipated growth in business through the end of 1949
(Including the $53,000,000 referred to above) may be expected to ex¬
ceed $100,000,000, a portion of which may have to be financed through
bearing dividends
accepted.—V.
%>'■■ Net Income
$6,400,000 in 1947.
meet
been
7
profit
Provision for
The^ preferred atoeldmiders on Nov. 18 authorized the -Issuance
by
the corporation of $1,250,006 first mortgage 3%%
sinking fund bonds,
to be dated Dec. 1
1946, and maturing annually over a period of 10
years. The proceeds will be used for the retirement of the
present
first mortgage 5% bonds due Jan.
1, 1947.—V. 162, p. 3071.
>.,* :■
($300,000), gas distribution
($1,800,000), general and miscellaneous additions $2,000,000), or a
total of approximately $21,000,000, of which it is estimated that ap¬
proximately $14,600,000 will be expended in 1946 and approximately
($3,000,000), gas transmission
has
:
Income
Dividends
on" basis at the opening of business on Nov.
.19, 1946. Initial quar¬
terly dividend of 25 cents a share on the new preferred will be declared
about the middle of December, for payment on Jan.
2.-^Vi: i64, p. 1206.
Cosden Petroleum
inc.
Net
a
•?>•••>/
cumulative
dividend
dividends
accrued
the present $6 dividend
on
the
at
occur.
dividend
according
"ex"
production ($900,000), electric
distribution
($6,000,000),
gas
electric
follows:
as
($7,000,000),
Other
,
agreement
merger
certificates
bid
profit
Operating
stock, series A, of Corroon & Reynolds Corp. to
stockholders of record
date which shall be
a
shall
value,
(d) The construction of additions to the company's property at an
production
upon
The
*
t
to
ever
principally
<
preferred
the
for
This
Selling & administrative
■
19, 1946. The dividend will be paid upon surrender of stock certificates
for exchange into certificates for the new $1 dividend
preferred stock,
the making
company,
the
provisions of
share has been declared
cumulative
payable
,>
with
$2 per
be
,,
contracts to supply the company's territory with a
to meet the demands of its customers. The total
may
accordance
and
par
EARNINGS FOR 9 MONTHS ENDED
Gross
cumulative
"
at
of certain new equipment.
for sale through competitive
Detroit Aluminum & Brass Corp.—Earnings—
& Reynolds
«
dividend of
necessary
(iv)
dividends
/ 'V
-
^
Corroon
sold
certificates
bidding and also sent invitations to 138 banks,
bankers, investment
houses, and insurance companies requesting bids, the bidder to
desig¬
in multiples of
Va of 1%, the rate of dividend to be borne
by
the certificates. In response thereto two bids
were
received, the more
favorable of which was that of the First National
Bank, New York
on behalf of itself and eight associates, which offered par and ac-
of
'•
therefor.
livery point located in Freedom Township, Washtenaw County, east
of Jackson, to and from said fields, so as to increase the availability
of gas
of
the
;
preferred stock, series A, without par
Corp. was suspended from dealings on
the New York Curb Exchange at the opening of business on Nov.
19,
1946, at which time the new $1 dividend cumulative preferred stock,
series A, without par value was admitted to dealings in substitution
of necessary
construction
Oklahoma
project
7
the
dividend
$6
value,
in the fall of 1948.
(c)
Corp.—Merger Effective-^-
and
procurement
offered
nate
Corroon- &
Corp.,
•OH- Oct. .22.
120,000 kilowatts, at a cost of approxi¬
mately $13,000,000. Company estimates that the first 60,000 kilowatt
unit will be completed in the middle of 1948 and the second unit
nameplate
and
close
merger dated Aug.
16, 1946, providing for the
Reynolds, Inc., Philadelphia with Corroon &
parent company was filed and became effective
on
Nov. 18, 1946. Under the agreement each share of presently, out¬
standing $6 dividend cumulative preferred stock, series A, without
par value,
of Corroon & Reynolds Corp. will be converted into six
shares of new $1 dividend cumulative preferred stock, series
A, with¬
out par value of
the corporation. The plan
was
approved by the
stockholders of the parent concern on Oct. 16, and by the subsidiary
(b> The construction nf the B. O. Cobb steam-electric generating
near Muskegon with an
initial installed generating capacity
:
agreement
Reynolds
plant
with
spent
company
per annum.
•j' The
cost
a
the
30
:
Corroon & Reynolds
The completion of the fourth unit with nameplate rating of
50,000 kilowatts capacity (gross capability 57,000 kilowatts) at the
John
C.
Weadock
steam-electric generating plant near Bay City,
at
Sept.
.
(a)
,
ended
year
953.
P.
merger
V
>
fiscal
construction
.include:
:
the
trustee,
as
with the
comPany
plus,
$15,000,000
remainder for
J.
During
New York,
■
connection
1
$1,000,000 for expansion, Mr. Blake said. He pointed out that all
these appropriations for expansion were taken out of earned sur¬
and that no outside financing has been necessary.—V.
164,
of
i
additions,
Property
now
to
treasury for expenditures made for
reimburse its
to
or
77such purposes."^..;*4.;
Bank,
in
The directors have authorized the expenditure of $250,000 for ex¬
pansion of the company's facilities to meet the growing demand for
all types of capacitors. Octave Blake, President,' announces on Nov.:
authorized the company to assume
equipment-trust
obligation and
in respect of not exceeding $4,250,000 2%
certificates series D, to be issued by First National
guarantor,;
.
*■•
;
Arthur Greene,
The
capital
through
the
President,
on
structure
of
the
conversion
of
the
Nov. 7 stated in part:
company has been further
5%
cumulative
preferred
improved
stock into
,
THE COMMERCIAL ft FINANCIAL CHRONICLE
2690
class
A
the
stock.
common
of
stock
Since
reclassification
the
the
of
capital
company
subsidiaries
in
the
.,
• •
,
■Jt
,
preferred not
Corp; ( which
'
"Ir1'' v* ;
■
,
-
&V
ividend—
Edison Bros. Stores, Inc.—Extra Dividend
holders
An^extra div'dend of 50 cents per share and the regular ftikrtejdy
of 37V2 cents per share have been declared on the common/
preferred
stock,
$1, both payable Dec.
compares with 37%
cents paid
March 12 and June 12. The old
par
Balance
Profit
int.
&
Sept. 30/46 Mar, 31/46
$2,423,020
$5,669,267
1,881,919
9,463
242,952
profit
V
1946—
!
3 Mos.
211,130
—
$55Q,564
administrative
391,883
$387,533
$427,840
3,439
11,68(5
$390,972
$439,526
expenses
Operating profit
__;
——
Other income, less deductions
—
—
share
common
per
$819,723
163,031
.
office
;
—
1945
$132,734
10,831
credits
taxes on
$0.43
surtax
tax and
Normal
180,000
195,000
7,363
—.—
for prior years—net
Additional provision
241
u
$203,609
73,400
Consolidated net profit ————————w
dividends paid——v——w-
Preferred
185,943
of small loan and discount offices, and direct
administrative expenses (Including provision of $61,000
loans in both periods, and less recoveries of $49,194
In six months ended Sept. 30, 1946 and $82,917 in year ended March
31, 1946 on loans previously charged off.
•Including expenses
selling
and
doubtful
for
1;633
f191,000
$52,784
$55,207
$56,562
EI Paso Electric
Bank
for the year ended March 31, 1946.
on
Deprec.,
ASSETS—Cash
24,167
19,684
341,054
Net
inc.
270,456
$253,182
$3,794,576
$3,798,847
14,743
5,599
f
459,743
$238,439
$3,800,175
327,140
82,321
885,963
$123,954
8,631
$2,587,071
134,086
$2,190,363
25,625
SHEET
BALANCE
CONSOLIDATED
that
30
Special
55,055
6,890
880,969
57,061
377,704
receivable
Materials
and
25,967
supplies
debits
Reacquired securities
Total
7%
-
stock
stock (par $100)
preferred stock (par $100)
($3
Premium
2%
notes
Deferred
(par
708,769
for
139,354
amortization
Earned surplus
8,317
income
V
Federal
deductions
Balance
;
——
taxes—...
income
$54,577
1,188
$55,766
$51,788
-Ti
$.880 :
818
,
,,
,
-
-
:
V-'-
Ehasco Services
Power
-
126
A
operating
Defer,
: $111,848
shares
with SEC
Total
profit
Exchange
1946
170,378
-
51,597
106,793
■
1945
'
T
48,362
:
92,977
*
28,420
3,235
13,816
-'
,
profit
Provision
&
depreciation
56,146;:.
i
V'.l
;
p.
2543,
/ ; 1 \ JO
V
.
(rJ .•'{
•'
">i-
i
"Sw u
}* (.
i 'H •;*}
I.
the
(par
several
underwriters
be purchased by
and
them,
No. of Shs.
&
E.
A.
Masten
&
4,000
Co
2,500
McMastcr Hutchinson &
—1
2,500
Co.
1,500
Gordon
F.
14,000
3,500
2,000
1,500
1,500
Pacific
and Co.
1,500
Paine, Webber, Jackson &
A.
' Piper, Jaffray & Hopwood
Reinholdt and Gardper.^-
First
before
from
£H8;438^
$424,663
Assets—
taxes
Mine
and
tas
84,076
22,000
;72»000
f83,i48
$268,587
...
v
!
.1946
r-*'
receivable
■
$3,270,892
cost
3,000,000
$6,131;662
,.
IIII
2|819i680
refineiyusupplies-./.^^^^.V-'.' 761,979 \
—
t,624,717
756,178
.
$9,852,551
$8,512,556
Liabilities—
payable
payable
68,583
304,477
56,818
payable
$70,783
344,019
Accounts
Taxes
current
-
v-'*.'- '
-Mi:,.
X
i)
■'''1
f'"7,
: 1A-">
;u
11
n.i'j, &.'i
'
V-*"
i1
L
K'
it-M
a
rfy--';
k',
V V )i» i-
•
1'.:.
•
•r-tv"
'4-i :t,i
-s.il/I: .* r U
1,500
9,000
!
9.000
f-
ties
Straus
4,000
The
2,000
&
4,000
2,500
Securi-1:[
Corp
■r-.yl
14,000
Bloxser—
Wisconsin
Harold
2,000
i__
Shiilinglaw, Bolger & Co.
S1116, Mintoh & Co.,"Inc.Stein Bros. &. Boyce___
S-tr.ne & Webster
1,500
3,000
2,500
_____
E. Wood
i-
1,500
;
7,000
Co.—_
1,500
1,500
Co.—
&
1885
private enterprise to manufacture an adding-oalculating .machine;
Business
was
incorporated
in
Illinois
in
1889
as
Felt
and
Tarrant.
Manufacturing Co. and has operated since that date, without inter-r
ruptibn, under its original charter. : ::
\ *
;
Although the company has subsidiaries, it is primarily an operating
company.
A wholly owned subsidiary, Felt & Tarrant, Ltd., incor¬
porated in 1926 in Illinois, handles the sale of the company's products
in Canada and in
the United Kingdom.
Two foreign subsidiaries
Comptometer
G.m.b.H.
(Germany)
and
Societe
Beige
Comptometer'
S.A...(BelgiumI, were inactive during the war years, but the latter is
now
again in active operation.
A third foreign subsidiary, Aktiboiaget Comptometer (Sweden), recently became inactive, the opera-*
tions previously carried on by it having been transferred to a Swedish
dealer.
In
•«'-■:A
addition
Inventory
^469,421$400,723'
assets.——9,383,131
,8.111,834
•Norwegian items are Included as of Sept. 30, 1946, but are excluded
as of Sept. 30* 1945r-V.
164, p, 20X7. ■ /■
IV v
.
2,000
Corp
2,500
HISTORY AND BUSINESS—Company was originally founded in
25,463
;
Net
7,000
Si Weeks
14,000
Scherck, Richter Co
Sehwabacher & Co
•4,000
Vv
2,000
i
Lukens
4,000
—
1,500
Co.~
Robinson, Rohrbaugh &
of
.
4,000
4,000
Woodard-Elwood <&• Co—_
$560,233
-
$340,587
Total
Current
4,000
Co.
& Lunt
Share
U $735,233
175,000
$105,448
bf Sept, ^0—i-;
/
•
accounts
inventories
2,000
The Illinois Co
as
Metal
Securities
Northwest
Curtis
Co.,
Indianapolis Bond and
84,076
V
at
&
Co,
California' Co
Hornbiower
f $735,233
-
and
&
Hemphill, Noyes & Co.„._
Holle?:, Dayton & Gernon_
re¬
dollar
•
Victory bonds,
Evans
/ Chicago
Graham, Parsons & Co
75,056
<
2,500
1,500
9,000
Meeks & Co
S:
Co
&
The First Cleveland Corp.
$660,177
2,000
2,500
5,000
Mason, Moran & Co
1,500
Collins
Hamlin
r;
1,500
Co
Dittmar
-439,603
\
the
respec¬
Johnson, Lane, Space and
Co., Inc
Dempsey & Co
1945'
238,073
16,907
arising,
$100)'
converted
Clement
6.7
.
the
14,000
:
Fahnestoclc
1946
$376,226
'
L
j.;j
Becker & Co. Inc.—
Julien
$614,299: $1,099,780
$189,524'
•Financial Position
Wages
14.9
of
Curtiss, House & Co
share will
and
second
f:
•
A;
$172,618
.
16.7
-
of
9,000
—
of Canadian
Net
Pet.
'
stock
Moseley & Co
Mullaney, Ross & Co
Maynard H. Murch & Co.
Newhard, Cook & Co
.
TncrpntP
Amount
capital
agreed to
Brush, Slocumb & Co
common
new
$228,764
___^
adjust,
valuation
Cash
figures do not include the system inputs of any companies
".r>
names
shares
common
Central Republic Co. (Inc.)
Richard W. Clarke Corp.—
increased from 450,000 to 900,000.
was
profit
development
Current
!
;
198,798
periods,—V. 164,
of
Bosworth, Sullivan & Co._
a
meetings of the stockholders, each
Period Ended Sept. 30—
Gross
Inputs of client oper¬
---r
•
Z i >'(•
approved
First
&
1946
of
are as follows:
Inc.
9 Months-
hours);
The above
shares
Lcewi
Power
hot appearing in both
5.000
1,500
entitled to one vote and each share of the first
preferred stock will be entitled to two votes.—V. 164, p. 2016.
Inc.—Weekly Input—
Operating Subsidiaries of—
American Power & Light Co.
Electric Power & Light Corp.
Former Nat'i Pwr & Light Co.
the
Kalman & Co., Inc
Kebbcn, McCormick & Co.
be
companies
National
and
1,500
At future
of Ebasco Services Inc., which are subsidiaries of
Light Co., Electric Power & Light COrp. and 'of
& Light Co., as compared with the corres¬
ponding week during 1945 were as follows (in thousands of kilowattating
former
14
Nov.
on
Operating profit
Non-operating revenue
For the week ended Nov. 14, 1946 the System
American
stockholders
merged
was
2,000
A. G.
number of common
A'V/.'A/A'A^ AA/AAAA/
■.
Comptometer Co.
Ames, Emerich & Co., Inc.
Bateman, Eichler & Co.—
36,438
Nov. 15 filed a registration statement 'with the
SEC for $9,861,000 of first mortgage bonds, sinking fund series, due
1961
and $3,000,000 of second mortgage bonds, due 1962. Proceeds,
supplemented by other funds, will be used to redeem the outstanding
International Paper €0. 1st to ref. $% sinking fund mortgage bonds,
due 1947. These bonds were assumed by Hudson River Power Corp.
which
together with System Properties, Inc. will be merged into
Eastern New York Power, subject to approval of the SEC.
1946,
7,210,419
proposal to change the
common stock from $20 par value per share to no par with a stated
value of $10 per share, and authorized the exchange of two of the
new
no
par
shares for each $20 par share held.
The authorized
on
company
4,
22,170
164, p. 2408.
The
-
Eastern New York Power Corp.—Registers
The
Oct.
22,170
$151,214
14,085
-3,870
$37,809
$42,090
.
on
„
agreement of merger adopted by
Comptometer Co. (Del.) at
and
company
8,680
surplus-.
—V. 164, p. 1718.
held
now
plan and
a
Bell, Farrell & Stebbins,
$142,534
3,027
to
the
Peabody & Co
A. C. Allyn and Co., Inc.—
Falconbridge Nickel Mines Ltd.—Earnings—
Gross .income
Total
$48,761
of
Kidder,
*T
?
Outstanding
*531,060 shs.
Lee Higginson Corp
Ely & Walker'Dry Goods Co.—Split-Up Voted—
1946—31iloS.—1945 12 Mos. *46
$242,199
$766,958
- ,164,405
187,622
'624,424
;
MERGER
No. of Shs.
9,381,962
13,195
7,207,079
construction
of
Total
-V.
OF
$81,743,383 $37,496,948
aid
be
800,000 shs.
offered.
par
UNDERWRITERS—The
tively,
and
10,389,411
in
Contributions
Ltd^Calls ©onds-f-
CONSUMMATION
Co. • outstanding
prior to the merger being
10-for-l basis) into 50,000 common shares (par $5).
numbers
50"067
depreciation,
$5)
(on a
509,366
depletion
UPON
Comptometer
debt
on
the
on
will
of the
company
was
increased and changed from 25,000 shares of
capital stock (par $100) to 800,000 common shares (par $5), the 24,053
shares of capital stock (par $100) outstanding prior to the
merger
being converted (on a 20-for-l basis) into 481,060 common shares
900,000
credits
Reserves
meetings
395,905
premium
<S5
shareholders
1,316,363
Interest accrued
Unamortized
shares
1,095,090
payable
accrued
Taxes
stock
York,
capital stock
3,497,211
9,ooo~o66
listing of the
City Bank, New
National
into the company on Oct. 29, 1946, as of Sept. 30, 1946.
In accordance
with such plan and agreement of merger, the authorized
ll,00~o"66o
series due 1957
bank
to
its common
-/
378,946
payable
the
Upon
agent.
Exchange,
MERGER—Pursuant
36,000,000
due 1966—
bond6, 3%
to list
Exchange.
transfer agent and New York Trust Co. will be appointed
value)
"Including the 251,340 shares
special
6,474,434
stock
common
Common Stock
—
Authorized
Common
675,000
preferred stock
on
Stock
as
CAPITALIZATION,
$1,479,700
1,804,782
2,104953
par)
1207.
p.
registrar.
as
$7,500,000
—
164,
intends to make application
York Stock
New
transfer
is
York
substituted
the
cumulative preferred
cumulative
Common
the
on
Chicago,
New
$81,743,383 $37,496,943
_
$28,666,393—V.
total,
& Tarrant Manufacturing Co.
TRANSFER AGENT—Continental Illinois National Bank & Trust Co.,
LIABILITIES—
4.10%
July
1,- 1947,
$100,000;
miscellaneous
employee thrift accounts, $356,176; accrued
330,991
25,967
„.
Prepayments
Deferred
due
10-year 2%%
489,375
74,084
Deposits
receivable
Accounts
bond
LISTING—Company
764,872
619,722
accounts
Cash
$213,166
_
total,
stockholders.
shares
1,133,154
953,628
fund
&
1,279,718
32,985
7,087
investment
Notes
Co. (& Subs.)—Earnings--!-
+—
.1
$1,499,826;
1945
$34,088,225 $33,752,611
42,335,466
1,948,793
Total
,
|
assets,
Higginson Corp. and Kidder, Peabody & Co., on Nov. 20
offered 251,340 common shares ($5 par) at $24.50 per
share.
The offering does not represent financing by
the company, the shares being sold on behalf of selling
.103,579
SEPT.
1946
ASSETS—
corporation has called for redemption on dan. 1, 1947/All of
15-year 4% first collateral trust bonds, series A, and
B, at 102 and interest. Payment will be made at The Royal
Trust Co, in Toronto, Ont. Canada.—V. 159, p. 445,.
.—
other
$162,692;
Offered—An underwriting syndicate headed by Lee
The
.
charges,
payable, $43,734;
$1,765,820;
1,095,491
Plant, properties, pipe lines & equipment
TOtal California project
series
V,
T
debenture due July 1, W51, $2,900,000;
investment certificates issued • (contra), $5,978,745;
reserve
for
contingencies, $49,685; capital stock, preference stock series A (41,467%
shares, no par), $1,036,688; preference stock, series B (12,784 shares,
no
par),
$319 600; preference stock
($50 par), $4,500,000; common
stock
($1 part, $934,149; paid-in surplus, $3,043,610; earned surplus,
400,934
require.
COMPARATIVE
Its outstanding
Operating Income
deferred
accounts
$3,687,390
32,163
$294,044
divid.
was made concur¬
the balance of the
purchase price Is covered by 2 l/2 % subordinated notes of^the corpo¬
ration due $70,000 semi-annually from April 15, 1947 to Oct. 15, 1951.
In connection with the foregoing, General Phoenix Corp. has also
entered Into a stock trust agreement under which the 3,200 shares of
class B common stock of Domestic Industries, Inc. were deposited
in
exchange for stock trust certificates.—V. 164, p. 275,'
Other income
99,179
1946
hand and in bank, $2,082,543;
\ liabilities, $256,576;
; 1,022,503 5;'-1,498,026
71,000
income
stk.
Pfd.
price of $773,862.
An initial payment of $73,862
rently with the execution of the agreement, and
deductions
SEPT. 30,
111,456
taxes
Accounts
Total operating revenue
.w
182,314
on
ment—debenture
340,771
120,699
40,176
5,171
Premium on
—
-
-
LIABILITIES—Notes payable, $6,717,601; dividends payable, $207,627;
Federal
and
State
taxes
prior
year,
$456,387;
sinking fund pay¬
1,741,866
172,396
$370,215
First mortgage pipe line
First mortgage bonds 3 %
30—
42,013
25,312
notes and discounts
(net),. $13,719,219; notes receivable (investment certificates)
$5,978,745;
furniture
and
fixtures
(depreciated
value),
.receivable
$8,109,711
2,407,215
542,034
104,722
deducs.—
(including stock trust certificates) of Gen¬
eral Phoenix Corp. in and to the outstanding 3,200 shares of class
B common stock of Domestic Industries, Inc., for a total purchase
revenue
$198,835
.
20,344
dividends
CONSOLIDATED BALANCE SHEET,
1946—12 MOS.—1945
$8,228,144
$365,163
(2) On Oct. 18, 1946, the corporation entered into an-agreement
with General Phoenix Corp. providing for the purchase by Domestic
East Coast Public Service
$330,880
B
and
A
$392,668
-48,870
144,962
188,120
dividends
(contra),
$223,373;
9,458
__
_
income
Federal
Industries of all interests
Period Ended Sept.
taxes.
dividends—series
Preference
-
78,014
income
Gross
Total
amount to the Service
Caster &
31, 1946. Of the total purchase
price, a balance of $1,419,325 remained unpaid at Sept. 30, 1946,
which is covered by 6% notes
(secured by mortgages on the assets
sold) on which payments are required to be made to the corporation
in
amounts of $8,000
monthly plus additional amounts based on
profits over the period ending Jan. 31, 1949, with the further under¬
standing that the purchaser will attempt to prepay its obligations on
the purchase by public 'financing.
Also included Is a balance of $42,500
due from the purchaser of certain assets of the former Siewek Tool
Division, which is covered by a note due Feb. J, 1947.
Under an arrangement for financing of receivables and purchases of
materials and supplies, the corporation has made loans to Service
Caster & Truck Corp., on which a balance of $229,923 remained up-
Total operating
income
«
65,75 7:
<
State
.
Preferred
$392,668
75,134
charges
and
r
640,123
■
$509,623
$584,757
Federal
Felt
NOTE—(1) Substantially all of the assets of the corporation's indus¬
sold during the six months ended Sept. 30, 1946,
the
operations of such divisions discontinued.
Assets of the
lormer Service Caster & Truck Division carried on the books at an
Investments,
r
.
$614,330
depl.
&
Balance
and
Dominion-Scottish
873,832
operations
——
Income
'
23,109
income
appointed
$717,513
197,633
41,171
Other income
trial divisions were
-
been
5,047
amort.
industrial dividends.
1946.
from
1945
$1,055,901
22,223
—
income
Gross
(& Subs.)—Earnings—
1946—Month—1945
___
Explor. & develop, costs
»UiT)lus^$588,112j ^tal;ii$12,872,589^ $1,461,825 hotest receivable from purchasers of assets
paid at Sept. 30,
has
New York for the payment of interest
bonds, 2%% series.idue Oct. 1, 1976.
income
of $9,980),
918,880; earned
for
Y.
26,066
revenues
Maintenance
payable to banks, $6,150,000; accounts payable
Federal taxes on income (estimated),
preferred income (unearned finance charges on notes dis¬
counted), $1,385; 5% preferred stock (par value $25 per share), $2,708,525; class A common stock par $1 per share), $990,696; class B
common stock
(par value $1 per share), $3,200; capital surplus, $1,-
of $1,572,825 were' sold
Truck Corp. as of July
N.
: /
Period End. Sept. 30—
Operating
Operation
accrued expenses, $222,403;
aggregate
1246
$1,405,679
certificates
$28,666,3 "*8.
LIABILITIES—Notes
•Includes
York,
EI Paso Natural Gas Co. (Del.)
$291,328;
of
expenses
income
Other
♦
U, S. Government certificates of indebt¬
edness (at cost plus accrued interest), $504,464; "notes and accounts
receivable (net), $9,685,067; investment in motion picture productions,
$672,679; post-war excess profits tax refunds, $17,748; inventories—
in process of liquidation—at lower of cost
(first-in first-out) or re¬
placement market, $153,151; investment in wholly-owned subsidiary in
liquidation (at estimated realization), $162,913; sundry notes and ac¬
counts (including notes from employees of $3,935), $70,421;
office
furniture and fixtures (after less reserve for depreciation of $113,293),
patents—en the basis of cost (less amortization
deferred charges, $56,188; total, $12,872,589.
New
,
ASSETS—Cash, $1,895,201;
$94,627;
$14,039;
Co..
2543.
p.
1,924'
Co.—Paying Agent—
Manhattan
in the City of
$6 000,000 first mortgage
—V. 164,
30, 1946
CONSOLIDATED BALANCE SHEET SEPT.
the
paying agent
'
and
of
Investment
on
Net
valued at $45,000 and
was
9,691
"•
tl34,000
Common
NOTE—Provision for depreciation of property, plant, and equipment
for the six months ended Sept. 30, 1946 amounted to $23,070,
as
against $58,933
cargo
9,372
<
1,274
71,500
3:1
'
weighed almost 10 tons-.; :/
Previously an initial air shipment to Mexico City made in August
by Ekco, totaled 12,000 pounds and was the first such mas? air trans¬
port of kitchenware for export. Prior to the war the company had
exports to 56 foreign countries, including 24 in Cenrtal and South
America.—V. 164, p. 2543.
The
$244,285
9,725
Dr886
income—$116,034
Net
utensils
and
1943/
$255,620
72,000
Interest
President, announces that this company on Nov. 15
single air shipment of American housewares, kitchen
to Mexico by special four engine transport pl'ane.
the largest
tools
"
•
taxes,
Quarte: Ended Sept. 30—
operating income
Lee B. Thomas,
sent
'''*
^
1944
$196,655
Oro33
164, p. 1719.
Ekco Products Co.—Makes Large Air Shipment—
,
:
Family Finance Corp. (& Subs.)—Earnings—
giving effect to estimated carry-back tax credits of $288,000
and $605,000 respectively.
Operations for the month of September
1946 showed a moderate net profit before any tax credit, and prelim¬
?•
used/tdward
(net)—
income
Operating
'.——
income—estimated:
income taxes—
Profit before Fed.
Provision for Fed.
be
After charging manufacturing, selling, administrative
expenses and
provision for bad debts.
(Includes excess profits tax.—V. 164, p. 2017.
•After
inary data indicate further improvement in October.—V.
will
"*
1946
$197,978
.
-
245,364
•'
■
Total
Home
Proceeds
common.
Deprec. of plant & equip.
9 Mos.
>,
,
.
subscription to Equity's jstdek- r
consisting Of 10 shares of hew
——
-•Operating profit
$4,650,092 $13,494,075
♦Net
•
for
unit
a
of
(Thomas A.) Edison, Inc. <& Subs.)
Period End. Sept. 30,
Earned
:X
$50
shares
3 Mos. End. Sept. 30—
Miscell.
$576,771
special financing, less exps—
on
of
offered
V'
>
American General M
exchange offer of
Fairbanks Co. (& Subs.)—Earnings—-
stock of $2 par value which
common
Est, Fed,
5,092,496
$541,101
—
basis
1%
be
the
'.pld j>refefred>-HV* I64, p. 2408.t,,
12 to holders of record Nov. 30. This
on Sept. 12, and 25 cents each on*
split-up on a two-for-one basis early this year/ in 1945 received
four quarterly dividends of 25 cents each, and, in addition, an extra
of 50 cents on Dec. 12, 1945.—V. 164, p. 2543. ■
-
Year End.
6 Mos. End.
will
see)
and
under
dividend
was
sales, etc
issued
the
on
"
;i
future.
Gross earnings from interest,
•Cost of products sold
.SEC^v,
Tfce company on Nov. 13 filed a registration atatemeut'vrith the
SEC for A,650,339 shares of new (10* par) 20fJ dividend
preferred and
247;35D shares-(10f par) common. Shares of Equity's common*-and new
Nov, 20 filed a letter of notification with the SEC
for '-so shares of common stock ($5 par). Proceeds will be used for
working capital.
Equity /Corp^
■
The company on
of
its
and
1 Edgemont Stamp and Management Co,; Pjttsburgh—
.
which became effective on Oct. 23. 1945, a
77,602 shares of 5fc cumulative preferred stock have been
converted into share of class A common stock and annual dividend
requirements on the preferred stock have been reduced $236,459. At
the present time annual dividend requirements on the 5% cumulative
preferred stock are $135,426. Further conversions of preferred stock
into class A common stock,
while not presently indicated, should
make
possible additional senior financing: and Increases In bank
lines, which, in turn, should make possible further substantial in¬
creases in the outstanding loan balances and earnings of the company
total
Monday, November 25, 1946
Co.
to
was
these
subsidiaries/
incorporated
as
the
a
Comptometer School and
wholly owned subsidiary in
Illinois in 1923
to do inventory work and to co-operate a
Comptometer
in Boston, Mass.
Subsequently, in 1933, its name was
school
changed
Comptometer Co. and it took over the servicing of machines which V
had formerly been carried on by the company in/certain states
to
*
•
^Voiufne 164
Number 4545'
*
'
•
v
,
«'
•
i
i
1
•
,r^
,
,
.■»
•[>
i
,
y
■
1
*
rv
-
»v
.
H
J.
•.,,
11
*•
~ -
1—
■■
■
.
f,*-
■*.
THE COMMERCIAL & FINANCIAL CHRONICLE
"srrrT:1-:v:"-';-: ■■■...:'":;v.t;:"'.':-
A
v/:.
^;:,^
i
THE COMMERCIAL & FINANCIAL CHRONICLE
■
-
2692
and
to meet the
governmental
increased
relaxed.
the use of grain are
restrictions on
"
terms of the Deposit Agreement.
This amendment
will become
:
CAPrTALIZATION—Capitalization of the Canadian company and its
subsidiaries consolidated as of Aug. 31, 1946, and as adjusted to give
effect to the present financing, is as follows:
Authorized
;
Outstanding
_
(
'
*
offices
which
of
located
are
Operating
Operating expenses
Operating taxes
Net operating inc.
Net after
V.
Canadian
A-
a
Of
C.
Allyn
Inc.
and
has
each
Inc.
Shareholders
within
Kuhn, Loeb & Co
Lee Higgiuson Ccrp
Co.
1,250,000
Clark, Dodge A Co—
Clark &
W.
j. M.Dain
,
McDonald
Dixon
Period End. Sept. 30—
Dillon
Eastman,
Equitable Securities;;
;
Corp.
Estabrook
&
Piper,
Clement.
>
?
A.
Corp.
income
Deprec.
and
Retirement
...
33,739,570
974,196
34,713,766
1,766,750
5,238,721
1,250,000
Webster
A
.
r
..
.
.
786,511
1,889,947
8,014,262
27,585,098
2,564,291
8,029,089
19,556,009
Cost
of
surplus
83,829,267
82,683,127
82,931,158
89,609,651
483,475
dividends
dividends
24,395,004
;
BALANCE
securities
held against retir. system
securities, at or below cost
reserve—_
594,726
Charges to future operations
Property account (ret)
.'275,168
28,575,275
16,666,600
657,395
33,633,483
.r
expenses
29,185,826
438,577
7,895,385
467,963
3,713,662
1
;•
Canadian and U. S. income taxes—
Canadian
•'
and
U.
8.
excess
Nov.
6,004,789
taxes———
r" ~rr
12,174,863
27,627,825
60,766,771
60,606,500
;:
"
"
$^78^,699,
83,294,909
82,683,127
(14,584,025 shares,
par)
no
adjusts, in consol. in suspenseSurplus arising from transfer of nickel properties
in
Finland——
Total
—V.
..
A
.
1946'
.
_____
V
Federal income and excess profits taxes—
Retirement reserve accruals_i^u.^*l--i^«,i«ii^,
129,428
50,982
$
s
The
operating income-—.,——^
•♦Other income (fiet)
$192,520
35,968
Taxes
-
income
0,489
••
$242,145^
■.ppp''" pppi
-
'
4
77,457,960
—
60,426419 210,749,158 181,910,691
f I
45,068,893
:
(oth. than inc.)
;
•
972,438
11,384,353
13,906,765
2,772,978
Net
—
>
P-V. 164, p. 1721.
.
The directors
share
31,
on
1946,
-V. 164,
p.
- >.
-
-
•
additional
respect
594,655
581,571
13,860
-2,499,366
638,758
4,652,559
44,324
2,845,587
2(74,514
42,485
7,420,872
1,251,687
11,617,052
$181,488
Depreciation
$12,392
$37,114
•
de
an
bv
a
; Canadian
to
six
months
holders
of
.
of
of
50
period
record
cents
Dec.
17.
as
"
depositary,
Federal
15,404,495.
Other
5,127,692
1,789,516
Net
Other
132,998
8,392,643
•
'1,790,279
(net).*
profit it. opers..
Special and non-recur-
891,855
7,943,592
.
1,218,254
2,792,586
428,459
20,453,467
*
799,436
1,082,115
a
registration
to
taxes
A
A
I
'
by
a
Canadian
statement with the
9 Mos.
$7,086,584
2,899,320
310,814
—
L
________
retirements
for
income
429,484
553,018
872,100
*
625,300
937,628
1,254,267
$1,897,974
$2,525,255
-
—-——
income
12 Mos.
$9,665,551
4,031,427
415,548
taxes
5,336
—i
income
;—
■
Net
t:r
-
income
5,935
$1,903,310
$2,531,190
A
576,082
804,150
—
share
$1,327,228
—
on
2,433,620 shares
$1,727,032
$0.55
$0,7J
See Nortlj American Co. below^V. 164, p. .1210.
'AAA AAA P jAa AAA'-A-v-' v'A
PPP ?, -PPPP} P'
AA
Lafayette Hotel Co.—Partial Redemption—
9,756,517
2,472,925
The company has called for redemption on Dec. 15. next,- $39,000
of 5% first mortgage bonds due Dec. 15. 1947, at 101, and interest.
This Includes $29,700 bonds for account of the sinking fund. Payment
Y
-.
.
borrowing
Purchases St. Louis County Gas Co. for $11,250,000—
of
:
14 filed
Nov.
Sept. 30—
Net income per
8,694,401
.
reserves
on
Income, deductions
A
~
profit
funds will be provided
-
1,919,431
.-.iul.
9,161,846
2,364,127 21,252,904
foreign subs,
bef.
int.
on
obliga.
held by International PJPPPPp&P*•■pipPi' P P'PP-PP
'•
v;;
;. ' '
-A
Paper Co., transferred "V'>'v
Total
Earns,
direct
operating revenues.
Gross
'»: 793,007
16,464,528
4,436,728
.
Such
$21,500,000.
$1,200,000 of sinking fund debentures, due 1961, and 60,000
par) common. Underwriter, Alex. Brown & Sons, Balti¬
Provision
other
■
.
4,356,012
of
will be made at the Guaranty Trust Co. of New York,
*Broadway;^New York, N.-Y.-r^-V. 163,~ p. 2728. 1
trustee, 140
..
I
-
*
deposit
American
agreement to Issue 302,500
shares
of
this
corporation in
302,500 Mexican shares issued and outstanding and not
heretofore deposited under the terms of the Deposit Agreement.
The
taxes
"
ending
Mexico, S. A.—Additional Stk.
to
and
Net
P-PpP-,rkvp
supplemental
certificates
^
U. S. Fed. A State taxes
initial dividend
the
'
Depletionof
-
Nov.. 16 declared
stock, for
payable Dec. 28, 1946
;
of
debt
discount and expense-
foreign
common
2546.
—
Amortization
■;
on
the
Industria Electrica
authorized
130,510
46,816
to Be Deposited Under Deposit Agreement-—
H The Chase National Bank of the City of New York,
is
6,051,229
corporation and its subsidiaries which
1949. As of Sept. 30, 1946, the addi¬
by the corporation for the expansion were
($2.50
Maintenance
3,004,020
17,717,609
1,742,706
(
Houston Oil Co. of Texasr—Initial Dividend—
Dec.
5,260,506
2,163,659
Interest
'
—
income
^Includes Federal tax benefits from filing
.
consolidated returns————
,per
6,527,000
ministrative expenses.
.
company
for
Period Ended
4,005,041
939,156
maximum
a
Operating revenues
Operating expenses
36,642,190 124,496,710 108,803,603
5,090,324
at
be supplied
1 Laclede Gas Light Co.—Earnings—
A '.-..
ma--
etc.
repairs
$228,488
47,000
Offered—A
Md. Company will, receive proceeds from the sale of the deben¬
and common
stockholders who are selling the common being
will receive proceeds from these shares. The company will
use
$577,500 of its proceeds to redeem 5,500 shares of 5%
prior
ethhulative preferred and $281,017 to prepay its note to The.Equitable
Life Assurance 6ociety of the United States.-^-V._ 151, p. 1576. /
-59400,940 205,431,271 177,532,195
1,325,478
5,317,886
4,378,496
&
$195,329
Income deductions
.
'
Stock
registered
$
$
freight and de¬
livery expenses
Selling, general and ad-
■
Z-. Gross
-■
more,
tures
1946—9 Mos.—1945
Outward
Utility
.
Kingsport Press, Inc., New York—Registers with SEC
shares
75,882,386
1,575,573
—_
funds to
will be supplied through
subsidiary.—V. 164, p. 2410.
SEC
$
■■
.
discs.—
Income
terials,
50,000
$232,655
returns,
Pulpwood, labor,
Mainten.
:>
this stock will finance in part a $40,000,-
sale of
program of the
for completion in
000,000
;—
'
1946—3 Mos.—1945
income—net
Total
P
:
Corp.—Preferred
through the issuance of notes, from the current sale of preferred stock
and from the corporation's
general funds. In addition, up to $12,-
'
?.Cost of sales;
$697,747
323,908
131,318
337,645
&
$485,998
expansion
scheduled
299,420,165 293,733,528
—
allowances
Other
1945
'
$750,711
;
83,422
$5,371,679
8,194
—
estimated
20,000,000
;
—
364, p^2287.
Gross sales, less
\
;"IIoiigMoii County Electric Light Co.—Earnings—
12 Month3 Ended Sept. 30—
Operating revenues ___—'
Operating revenue deductions
20,000,000
■
.
.
61,974
tional
STATEMENT OF CONSOLIDATED INCOME PERIOD ENDED SEPT. 30
'
7,923
$766,633. $4,390,289
$7,262,433
1,807,332
(net
Proceeds from the
60,606,500
A-/
.$8,4,11,300, ,$7,637,364
1,271,794
is
International Paper Co.—Earnings—
.
$5,724,057
81,009
000
2,899,716 Cr2,461,542
'•
»'• '
:
—;
SSiMWvJ
695,188
'
*
$855,56o
rents
3,320,000
1,603,000
headed by Lehman Brothers, The Wisconsin Co.
and Hallgarten & Co. on Nov. 21 publicly offered 70,000
shares of 4% convertible second preferred stock, cumu¬
lative ($100 par) at $101.50 a share.
12,666,800
27,627,825
60,766,771
system
insurance and reserves
cumulative preferred stock
Common stock
.
'
-
•
$598,026
103,834
facil.
Kimberly-Clark
483,474
12,037,366
7%
8,302,815
1,420,000
13,723,031
3,360,429
936,723
—_
1,455,000
23,000
debit)
$5,600,176
13,256,732
reserve
•
.r-;
1946
Contingent,
20,903,146
7 907,350
14,656,178
•
3,389,030
Reduction of re«erve for cor.tlng.__ Crl,485,114
'Unrealized foreign exchange loss—
1,503,117
Elimination of appraisal increment
at Toronto plant—u——-vw—
103,006
...
$7,272,439
1,
483,475
11,036,935
profits
taxes
'Other income
payrolls
payable
income
Exchange
'
Cr430,000
143,000
tax
Net ry. oper. income—V. 164, p. 2547.
"V 178 132
Earned surplus
13,994,581
$448,565
175,000
income
ry.
'
Capital surplus
20,245,751
610,551
dividend
on
$8,599,057 $12,185,433
$916,026
ry.
group
payable and
based
Retirement
1,155,614
157,618
2,873,060
Total Income;
.
Accounts
Taxes
$2,361,610 $24,978,970 $31,429,788
1,913,045
16,379,913
19,244,355
oper—
Joint
299,420,165 293,733,528
Preferred
fr.
119,819,430 122,266,830
Total
J
expenses
oper.
1946—10 Mos.—1945
1946—Month—1945
$2,603,165
1,687,139
revenues
taxes-
13,712,936
597,571
382,790
1085.
Railway oper. income
Equip, rents (net debit)
44,455,656
14,999,900
1946-1950
164, p.
accruals-
Other
1944
■
oper.
Net rev.
27,442,998
26,569,026
16,342,972
44,763,968
13,256,277
• t
30,960,423
_
Railway
Railway
25,500,807
29,129,196
12,474,627
—
that beginning Dec. 4, 1946,
delivery.—V.
a
Kansas City Southern Ry.—Earnings—
82,964,496
38,356,824
Inventories
Misc.
with permanent certificates;
or
only permanent certificates shall be
SHEET
securities
Accounts receivable
200,Op,0
19,679,706
1,246,587
income.
Other
certificates
Period End. Oct. 31—
83,294,909
25,642,427
Account receivable due
Exchange on Nov. 15 directed that deliveries
preferred stock, series A 4%, and common stock,
1946, may be made either with temporary
second
to and including Dec. 3,
up
Sept. 30,'46 Dec. 31, '45
Government
York Stock
New
of cumulative
82,964,496
Securities
301,991
Selling; gen. and adtnin. expenses-:Deprec. of bldgs., plant and equip.
Provision for doubtful accounts
ptjher
The
89,279,238 102,239,136 101,908,723
483,475
1,450,425
1,450,425
5,831,267
17,493,802
17,493,802
5,831,267
400,000
400,000
1,725,640
;
profit
30,309,774
Federal
Short-term
•
2155.
p.
mechanical reasons it is not always
to arrange
companies in exact alphabetical
However, they are always as near alphabetical
position as possible.
LIABILITIES—
*'?&■
164,
possible
begin-
CONSOLIDATED
266,845,903 254,618,161 167,051,135
209,462,845 204,841,425 131,497,571
goods sold
.'..Gross
—V.
18,977,565
ASSETS-
(Stated in Canadian Currency)
•A.;v-V*&• '■ Jv'sfy/
1946—44 Wks.—1945
$5,346,042 $70,179,546 $51,310,501
$7,733,961
11,332,209
5,449,971
83,294,909
VEARS J^ED AUG.?31 1
sales
Up 44.7%—
1946—4 Wks.—1945
sales
on
250.000
.
:';.4; fcfc> f
Net
Jewel Tea Co., Inc.—Current Sales
43,206
>
-
1946 under Chapter X of the Bankruptcy Act),
the reorganization
Period End. Nov. 2—
Earned surplus end of
■
ACKDNSOLID^MIN^MEM^
$2,936,265
$2,376,116
surplus
Johnson & Johnson—Form of Certificate—
Earned
Common
X
to
NOTE—-For
1,757
7,344,346
Preferred
..;
r
2,590,279
2,771,967
200,000
400,000
1,000,000
200,000
...
186,365
taxes
which deductions are no longer available in view of
such parents.—V. 163, p. 3236.
&
Cash
•
.
$2,244,630
691,634
$2,189,751
income
Federal
in
of
42,355,157
10,116,313
1,000,000
_
$3,868,710
1,624,088
2,538,669
—
income
;
Balance
Se-
curltles Corp—.
,
$4,728,420
—
9,411,898
666,546
system
Prov, for taxes based
100,000
400,000
Shields & Co
_________—
.
Net
41,690,720
664,437
11,874,739
3,072,209
'
Stone
income
deductions
•Reduction
&
Co.
100,000
„
$3,813,731
54,988
order.
100,000
250,000
—
Scranton
W.
$4,685,883
42,537
1*'
1946—9 Mos.—1945
235,926
12,549,609
insur.
1,917,393
1,531,126
1,872.824
•Resulting from .deductions in consolidated returns, for interest and
amortization
charges on securities of former indirect parents (re¬
11,638,813
other purposes
100,000
Co.
Stroud A Co., Inc
Michigan Ccrp.
250,000
Spencer Trask & Co—
FOlger, Nolan Inc.-—
400,000
U.iion Securities
Corp.
Glore, Forgan A Co.—
1,000,000
G. H. Walker & Co.—
Goldman, Sachs & Co.- 1,000,000
Watling, Lerchen & Co.
Graham, Parsons & Co.
' 200,000
Harriman Ripley & Co.,
White, Weld & Co
The Wisconsin Co.
_'
Inc.
1,250,000
P Yarnall & Co.________
Harris, Hall & Co.
(Inc.) v.uv>;
300,000
^'
j
Gross
92,652,938 115,643,100
58,913,368
73,952,380
depletion-
1.077.775
747,095
1,902.579
A
income
taxes
Retail
Total
1,208.287
1,606,556
_———;
on
1945
1946
7,299,623 A 6,435,416
depreciation-amortization
taxes
Income
Ltd,—Earnings—
431,379
—
Hop-
First of
■
cents
33,167,728
21,528,915
income
100,000
&
Inc.
Chas.
200,006
The First Boston
2Vz
82,265,305
Reynolds A Co
&
Co.,. Inc._-__^_-__^—
EarwelL Chapman A
of
Rauscher, Pierce & Co.
•
?
300,000
400,000
Evans
dividend
12,118,230
_
on
$17,450,025 $16,648,267
Operating income
Other income (net)
400,000
Jaffray &
Putnam
Other
1, last,
20,601,474
expenses—
Operating profit
200,000
100,000
wood
1,000,000
Co
&
32,719,704
and
admission for
the
corporation
the
r_.__
organized in January,
Costs
of
Sept. 30-—
expenses
for
Prov.
1,000,000
Beane
Curtis
100,000
400,000
& Co.
extra
an
1946—3 Mos.—1945
sales
income
Pacific Northwest Co—
300,000
V
declared
International Nickel Co. of Canada,
Net
from
1945.—V. 164, p. 955.
14
Nov.
on
derived
were
Inc.—Listed—
announce
stock
common
Maintenance
Federal
June
directors
and
the
of
Operating
,
on
cents
15
share was made on Nov. 26,
20 cents per
- A :
■' "A.
Minneapolis, Minn., is the principal under¬
investment* manager of the Fund.—V. 163, p. 2440.
A
12 Months Ended
$1
the
approximately
Operating revenues
15.
30,
Paine, Webber, Jackson
Domlnick
&
&
Fenner
1,500,000
Drexel & Co.______
share.
also made
year-end dividend
26 to stockholders of
fiscal
the
payable Nov.
cents, about eight cents represent dividend
Jersey Central Power & Light Co.—Earnings—
■
and the regular semi-annual dividend of 10 cents per share
par value common stock, both payable Jan. 2,
1947 to
holders of record Dec. 18, 1946.
A similar extra distribution was made
on Jan.
2, last.
Payments in 1946 totaled 22 & cents, as against 10
cents in
1945.—V. 164, p. 2410.
Pierce;
Newhard, Cook & Co.__
A Co.-.--» v!
Co.
A
ADominick
directors
The
on
1,500,000
1,000,000
200,000
Co.—.
&
Aviation
per share
200,000
Lynch,
the
Insuranshares Certificates, Inc.—Extra Dividend—
Contingencies,
_____—
200,000
100,000
Co
Dillon, Read & Co. Inc.
and Nov.
1
share,
listing and
the New York
Exchange, effective Nov. 18, 1946.—V. 164, p. 2288.; :
V A ;-
Curb
the privilege of reinvesting in additional Avia¬
all or any part of the above-mentioned distribution
after Nov.
'■
portfolio securities.
of
sale
officers
trading
on
.
8,158,889
have
days
June
on
made
share
per
distribution of 50 cents per share was
A
and
McCormick &
Merrill >
'300,000
400,000
i(Inc.).
30
cents
50
$1.1688^ per
to
tion Group shares
400,000
200,000
200,000
Co—;
Kebbcn,
400,000
Blyth A Co., Inc.——
E.
Illinois
The
Co.
&
amounted
profits
and
income
announced
19
a
23
Jefferson Lake Sulphur Co.,
of
'
Syndicate,
and
writer
cents
Of this
distribution of
Investors
10,069,519
23
the
on
initial
last year.
$400,000
Janney & Co
■Central Republic, Co.^
>
securities.
Other
300,000
—__
1 8,566,262
6,804,427
interest
An
on Nov. 15 to holders of record Oct. 31,
19.74 cents
income (not including profits or losses from the sale
and 30.26 represents realized net profits from the sale
After giving effect to this payment, realizable security
securities)
purchase
to
severally
agreed
200,000
Becker
G.
A.
A;
1,148,221
909,349
715,882
distribution
the
of
the principal
Penobscot Building,
Hayden, Stone & Co.—
Hemphill, Noyes Ac Co.
Co.,
_
Bacon, Whipple A Co.-
and
942,627
—
charges
of
companies are as follows:
Smith, Barney & Co— $3,000,000
Kidder, Peabody & Co.
3,000,000
A.
profits
of the underwriters and the principal
names
which
debentures
of
11,359,938 116,447,561 102,387,391
8,056,676 A 97,240,423 72,496,790
2,155,041 10,640,876 19,821,082
Nov.
Nov.
on
15.
164, p. 2410.
Group shares
represent net
is a
UNDERWRITERS—The
amount
from the
record
The
was
company
11,376,556 116,609,896 102,539,577
16,618
162,335
'
152,186
of
Institutional Shares, Inc.—Distribution—
incorporated in Michigan on June 14, 1933.
The
holding company, owning directly or through
subsidiary companies, including the American company (which is itself
both a holding comptny and an operating company), all or a majority
of the voting stock of various corporations engaged in the business of
producing, warehousing, bottling, buying, selling, importing, exporting
or otherwise dealing in alcoholic products for beverage and Industrial
purposes, and the by-products thereof.
Among the alcoholic beverage
products are Canadian, rye, bourbon, Scotch and blended whiskies,
gins, cocktails, cordials, fruit liqueurs and wines.
Approximately 89% of the companies' total consolidated net sales
in the fiscal year ended Aug. 31, 1946, were made in the United States
by subsidiaries of the American company.
During the last five fiscal
years this percentage has varied from approximately 88% to 92%,
«
Mich.,
Detroit,
directors
The
$
19,760
revenues—
•■;■'.; r
Selective Fund, Inc^23-Cent Distribution-^-
Investors
v
1946—9 Mos.—-1945
13,064,126
11,277,523
843,976
revenues —
Uncollectible oper. rev._
^
the
in
their
distribution
13,083,886
Operating
(tne American company),
Inc.
Walker'& Sons,
Hiram
executive
of
-
1343,
31.
Aug.
in writing
"
$
$
the American company had an authorized
capitalization consistlngtof 15,000,000 shares of preferred stockjpat
$1), of
which 14,500,000 Shares were outstanding,
and 17,500,000
shares of
common
stock (par $1), all of which were outstanding.
Subsidiaries Holding Co.,
Ltd., a wholly owned subsidiary of the
Canadian company, owned of record and beneficially all of such out¬
standing shares on Aug. 31, 1946.
A
HISTORY AND BUSINESS—The Canadian company,
the principal
executive offices of which are located in Walkerville, Ont., was in¬
corporated Dec. 31. 1326, in Canada, with the name Hiram Walkers
Ltd.
In January, 1927, It acquired all the outstanding capital stock
of Hiram Walker & Sons Ltd., the corporate successor to the dis¬
tilling business established in Walkerville by Hiram Walker in 1858.
In November, 1927. Hiram Walker's Ltd. acquired substantially all the
stock of Gooderham A Worts Ltd., which conducted a distilling busi¬
ness
founded in
1832 and thereupon changed Its name to Hiram
Walker-Gooderham A Worts Ltd.
of
As
depositary
the
1946-Month—1945 v
Period End. Sept, 30—
by the American company. - '
including 9,860 shares held
•
-
,
Illinois Bell Telephone Co.—-Earnings—
u
obligations of the companies, payable in United
States currency,
ton Oct. 13, 1946, each of the issued and unissued
common snares without
par value was subdivided into four common
shares without par value. - Accordingly, at this date, 3,500,000 common
shares are
authorized, of which 2,896.016 shares are outstanding,
and several
•joint
--
t
effective Jan. 27, 1947, unless not
that date holders of a majority of out¬
prior to
days
ten
^
shs.
' 2,896,016
.3,500,000 shs,
than
standing American shares notify
Objection.—V.' 163, p. 3419.
,
.
®^2'922'9?~
Nov. 1, 1966.. $30,000,000
•20-year 2%% debs., due
tCommon shares (no psr)^.^-^*-*!
less
rr,;'rv,-n «■
during the first six months of 1946 to convert net earnings of foreign
properties substantially to a U. S. dollar equivalent. - On:;Juiy';'5;':'1946;i^;|
the Canadian Government adjusted the official rate of exchange on the
Canadian dollar to parity with the U. S. dollar so that these provisions
made in the first six
months were no longer required.
(Includes net
earnings of foreign properties amounting to $2,300,428 for the three
months and $4,862,951 for the nine months ended Sept. 30, 1946 bothi
of which include $1,261,998 profit on special and non-recurring items.
V. 164, p. 2410.
' ' " '-> " ,;i' ' ' ' :V.
'V v ■''• A "
supplemental agreement also authorizes the Issuance by the depositary
of certificates of American shares, In respect of any of the 197,500
Mexican
shares
heretofore deposited ; to be redeposited under
the
replacements
ar.d receivables and for capital additions,
improvements to plants, processes and facilities,
volume of production
expected as present
inventories
i'TW n^liV'.vj !"
i
Monday,. November ;25.:1946
.,
Net
profit
•Net
Increase
t.9,161,846
:
;l,381l946t*21,252.904.
profit for the nine months ended Sept. -30,
of $613,640 tesulting from -cancellation of
7,283,592
1946 reflects an
provisions made
A
:
Lake State Products Inc.—Statement Withdrawn—i
;• The prospectus filed Aug.
27 (letter of notification) covering 100,000
shares (par $1) common stock, has been Withdrawn.—V. 164, p. 1329.
«
^:v;
jVolume 164 Number 4545
b&D
!■■■■'.»^.u-v^rT*
Wrr.^f- -
THE COMMERCIAL & FINANCIAL CHRONICLE
y3
Nov,r 19,
share
the
and
directors
declared
dividend
extra
an
of
On
a
Payments in 1946 were as follows: Jan. 2, 37% cents;
July-1 and Oct. 1, 50 cents each.—V. 163,
p. 3286.
and April
Nov.
,
The new preferred
Nov.
1,
stock
1951,
and
plus accrued dividends.
fund.
to
effect
shares
the
of
or
of
puipose
have
also
is
to
be
Glasgow,
to
14,399
stock
reimburse
in
made
Va.,
the
the
plant.
If
($100
capital
of
farm
additional
mill
funds
been
in
business
corporated
and
in
business
turn,
was
lished
BUSINESS—Company,
of
James
1846.
at
its
predecessors,
Lees
31,
The
executive
office
the
of
of
merger
The
is
company
wool
carpet
yarns
engaged
in
the
pile
carpets and rugs
and worsted knitting
business
and
wool
and
•Common stock
♦Since
shares
($3 par)
Sept. 30,
of
common
10,282,960
Gross
2,277,778
217,500
108,000
Oil
Lion
acquisition
Fed.
adjusts—
,t
3,509,580
i
164,
Federal
income
BALANCE
(&
Subs.)—Earnings—
Sept. 30—
reserve
'
1946
The
9
TRANSFER AGENT—J. P. Morgan & Co. Incorporated is the transfer
agent, and Guaranty Trust Co. of New York is the registrar of the
preferred shares and the common stock.
UNDERWRITERS
have
severally
shares
and
shares
to
preferred
agreed
the
be
PREFERRED—The
OF
to
purchase
aggregate
an
named
underwriters
of
Gross
Other
below
preferred
15,601
Ended
Sept.
accruals
_•
income
expense
—
30,
income
'
10.
Nov.
This
each
,,
15
Co.—Regular
declared
-
of
the
.
the
v
board
<
-
the
Kittner
Martin
Provision
income
for
Miscellaneous
tax
10,105
Number
Blyth
&
Drexel
Co.,
The
1,560
1,560
Harriman
1,560
1,560
1,560
The
uses.
^»
10
Co
Merrill
Peabody & Co.__
Lynch, Pierce, Fenncr & Beane—
Smith,
Barney
_
& Co..
UNDERWRITERS
have
agreed
amounts
to
OF
sell
forth
set
j—f—
to
COMMON
a
1,095,440 shs.
of
Net
oil
&
Adm.
«-T!?u
in
tne
leases
doned,
t/-
c-
Chairman.
T.
Joyce
McCa11
as
727,956
Deprec.
No. Of
No. of
and
$1,095,626.
79,163
Carl
>
•
path
Biddle,
&
Co
&
Cassell
Sons
118,903
$414,722
2,000
1,000
Clark, Dodge & Co.__
,
Dominick & Dominick
Drexel
&
Francis
I.
The Ohio
5,000
Paine,
Co—
&
2,000
Eastman, Dillon & Co.—10.000
Equitable Securities Corp—
2,000
The First Boston Corp.—,-.10,000
Folger, Nolan Incorporated
2,000
Graham, Parsons & Cq._— .2,500
'Greeh, JBUib & AhdferSbn— 2,000
Harriman
Ripley
&
Co.,
Inc.
10,000
Hayden, Miller & Co
1,500
1,500
—
Hornblower
&
Weeks
E.
H.
&
Sons
llorner
Scott,
Inc.
4,900
5,000
W. E. Hutton & Co—
5,000
Janney & Co.—__
1,500
"Kidder. Peabody & Co.].—,," 10,000
"W.. C. Langlev & Co.__
4,000
_
.
2,000
4,000
Yarnall
Dulles
&
& CO—.
Co
sales, less
;;
<' r
returns,
'
Other
income
Total
Other
Fed.
State
Est.
.
$4,809,405
-
income
—
]
27^19 '
$4,836,924
deductions
normal
Federal
:
profit-—
&
exc.
surtax-^
$2,002,345
,
•
.
10,279
$2,012,624
$2,612,365
$1,305,862
7,782;7,009
$2,620,147
$1,312,871
4,637
26,825
4,560
12,350
1,815,700
493,252
492,877
453,611
1.514,520
1,170,569
170,534
62,256
77,53»
37,073
prof, tax—
income
taxes—160,300
refund. of Federal
',excess] profits-tax_r-
]
^r57,526
Vet
—V.
focome
$2,856,287
164, p. 2410.
21,413
$909,771
$874,602
$696,829
that
the
Jacobs,
that
General
there
offices
will
•
also stated
;;
Manager
would be
result
that
in
much
a
their present
wiaer
use
Chicago
of
office
.!(v,
of
the
several
May
Chicago
company
additions
•-
to his
staff
to
office,
take
care
-
May Co.; Cleveland,"' Ohio;
Co., Baltimore, Md.;
The
May
Co., Denver, Colo., and
Department Store,
Pittsburgh, Pa., the following stores
use
$168,205
$157,142
256,958
;■
(net)—
$168,819
debt
The
int.
chgd.
333
37,585
'■
>
•'? '
42,500;
'
10,906
1,667
UW69 f;
Crl\ j
>
w
fi
?>
3
iv
'^V.-.164,:-:p.-1872.;r'
be
78,350
■
356,532
$1,469,631
-
that
-
$3,147,216.
Mack Tracks, Inc^~-Earnings^
cess
profits
Reserve
Net
1946—3 Mos.—1945
$7,299,869
2,123,173
$5,176,696
153,104
$3,504,597
134,757
$1,277,425' $5,329,801
$3,639,354
881,834
;
,
48,715
61,853
519,597
com.
.
stock-—%
share
V, 164, p. 655.
.
.
debt.--
6,380,000
330,000
excess
Minority
profits
interest
,
79,759
/
205,716
—3
160,362
8,075 " ;:*-\A,2Q3
*336.838
; 3: 589,991
:
tax—-—
•
$5,348,803
1,844,206
•
1,290,496
1,265,006
;
,
*460^79
1,442,821
+379,099
541,347
599,577
9,791
.
• r.
17,336
-
for conting.
per
^
$8,640,476
1,250,000 04,152,452
80,000
"
taxes-_— 0-3,136,005
profit
Earnings
1946—9 Mos.—1945
$4,469,078
ex-
40 Weeks Ended—v
$1,971,421
755,849
——
Fed. & State Inc. taxesFed.
>c-v.v:;.
.
$2,265,382; $1,215,572
——
long-term
on
'
$3,375,705 ! $1,798,850
the
lease
.
profit
—
;
1
:
—16 Weeks Ended—
<
Operating profit
..
1873.
■
and
that
long-term
Exchange on Nov. 15 directed that deliveries
preferred stock, up to »nd including Dec. 3, 1946,
with temporary certificates or with permanent
beginning Dec. 4, 1946, only permanent certificates
Electric output of thi^-feompany for the week ended Nov. 16, 1946,
Gross income
$2,314,097
32,446,000 kwh.^ as compared with 23,749,000 kwh, for the
Depreciation
—
511,351
corresponding week last year, an increase of 36.6%.—V. 164, p. 2548. K",Interest
and
expenses"'
' ^
Federal income
stated
a
>
Sock
(Ky.)—Weekly Output
totaled
Period End. Sept. 30—
Profit after deprec,^—-
He
taken
Corp,—Earnings—
Other income
Electric Co.
there.
recently
either
Sell. & adminis. expen._
$831,086
v--u'
■
Of
Gross
'
-
Louisville Gas
office
sales—less
Cost
,
356,532
••
buying
Oct. 5, '46
Oct. 6; '43
Oct. 5, '46 Oct. 6, '45
discs.__ $16,378,419 $12,215380 $38,899,915 $30,981,431
sales——
13,231,203
10,244,258' 31,600,046 25,632,628
■,
Net
$1,826,163: $1,187,618
f'-VCrrJv1'
—
that
delivery.—V.. 164, p.
Period—-
' Cr5,213
♦
a
Mead
131,581
32,583
201,903
Cr38a 33 Cr 15,8913
"
-
of
cumulative
made
♦certificates;
$1,856,569
504,045 "' ' 3 510,000
disct.
deducts.
be
shall
to construe—
New York
$3.75
may
$2,594,570
-----—-
and
$1,853,385
3,184
$2,556,985
$157,475
••
42,003-
expansion
Department Stores Co. had
than 5,000 square feet.-
more
Form of Certificate—
' :
127
'UiU
$157,142
600
of
new
May
'
14
—
$168,219
income
At the same time that the May Department Stores
Corp. announced
will represent The City Stores in the Chicago area, Wallace
Oilman, General Manager of The Merchandise Mart, made known
$1,853,385
$2,556,858
plant leased
—
Co.,
for
'—
Int.
{
a
256,^85
of
Other
1
O.
pit.
>
revenues—
fr.
Shares of
-
announced
that they
•
oper.
ty ~«n#oxpense.
Of
Operating
21,842
utility
Balance
1943
1944
1V'
^
Co.—Buying Office Expands
the May company Chicago offices:
R. H. Macy & Co., New
O'Connor, Molfatt & Co., San Francisco, Cal.; L. Bamberger
Newark, N. J.; Davison-Paxon Co., Atlanta, Ga.; Davison's,
Augusta,
Ga.; Davison's, Macon, Ga.; Davison's, Columbia, S. C.;
The LaSalle
& Koch Co., Toledo, Ohio; The LaSalle
&
Koch
Co.,
Bowling Green, Ohio; Meier & Frank, Portland, Ore., and Ed. Schuster
& Co., Inc,, Milwaukee, Wis.
...
1,734,000
\
^945 "
Chicago
company
May
also
837,770
2,090,680
adjusts.
Amortiz.
etc.
Cost
916,492
142,000
Net Income ——;
$108,858' V $102,790
Divs. applicable to preferred stock for period—
———————$21,647,604.$22,525,473 $25,375,954 $25,890,441
goods sold
14,831,468
18,722,074
21,309,139
23,185,655
? Operating ; expensea——
; 2,006,731
1,801,054
1,454,450 '1,398,924
.
.
Calendar .Year»
Sept. 30,'46
Gross
71,097
80,400
Gross; income
Int." on mtge. bonds——
CONSOLIDATED INCOME
9 Mos. End..
,
of
others
Other
5,000
STATEMENT OF
r<:'
1,500
1,500
May
The
1946—12 Mos.—1945
1,500
Wisconsin Co
Wurts,
Stores
,
Saul Cohn, President of City Stores Co;, stated that
operating through
&
71,929
Operating income
1,000
-
'
Corp,——
to
Dean Witter & Co
v
<
V_"
Kaufmann
^
approp.
}■ H
Skall. Joseph, Miller & Co.
1,000
Smith, Barney & Co
—
10,000
Stroud & Co., Inc——
2,000
The
res.
'
Singer, Deane & Scribner—
164, p. 21561
M
addition to the May company
group of stores, which consist of r
Famous-Barr Co,,- 8t. Louis, Mo.;. .The M. ONeil
Co., Akron, Ohio;
The May Co., Lo$ Angeles, Calif.; The /
"
128,763
-—
Income
'
———
fried
In
$0.14
——
retir.
Net
&' Mason,
—
643,611
acquis,
4,000
Inc-,,,—,^--^—r(
eroy,
.
war.
plant,
a
Aroostook
French
country.—V.
stated
$68,712
1945,
and
Maxson
in Washburn; Me. "
County potato area, produces the
potatoes, now In distribution all over
Potato Co., operating
of the added stores.
,
$1,147,166 $13,465,702 $13,727,121
544,586
6,902,222
6,635,104
210,923
742,492
2,409,904
$1,114,750
Amortiz.
Inc..
1946—Month—1945
'
revenues
2,000
Salomon Bros. & Hutzler—
3
Dee Higginson
Prop,
1,000
—
Jaffray & Hopwood
Rollins
Sept. 30—
Co.—Earnings—
expenses
taxes
Other taxes
Schoellkopf, Hutton & Pom-
5,000
—
Federal
Jackson &
5,000
son
Piper,
—
—
Operating
Operating
1,500
Company
Webber,
~
Hemphill, Noyes & Co.
Period End.
1,500
Phillips, Schmertz & Robin¬
10,000
Dupont
10,000
Curtis
5.000
Co._^
$87,324 in
Mr.
York;
Louisiana Power & Light
Moore, Leonard & Lynch—
W: H. Newbold's Son & Co.
1,500
Inc—
$0.16
frozen
V "
;
Sy
$533,675
♦
the
0.
the Chicago market.
He
would be dlsdontiriued; ^
1,000
Merrill Lynch, Pierce, Fenner & Beane
2,000
& Co.,
Clark & Co
E. W.
1,500
A. E. Masten & Co
share
per
•Includes other income of $458,409 in 1946,
in 1944 and $15,871 in 1943.—V. 164, p. 2155.
2,500
Marks & Co—
Mason-Hagan, Inc
1,500
Brown
Earnings
2,500
-
Laurence M.
10,000
_
Butcher & Sherrerd
F.
& Co.
1,500
Whelen & Co
Bioren
Alex
Rhoades
Loeb,
2,000
—
Blyth & Co., Inc..
•C.
M.
■
the
300,245
$470,433
$0.14
Shares
Shares
V
,-r
v
•
Stanley & Co
20,333
Auchincloss, Parker & RedMorgan
Vice-President.
v
72,349
$419,517
$0.34
depict——
$671,340
251,823
$1,016,466
stock.
announced
Umphrey also
Mr.
,
384,104
.
,
May company Chicago
buying offices beginning Jan. 1, 1947.
This service will be used
only
by the following units of City Stores: Lit
Brothers, Philadelphia, Pa.;
Maison Blanche Co., New
Orleans, La.; R. H. White Co., Boston, Mass.;
Loveman, Joseph & Locb, Birmingham, Ala.; B. Lowenstein
A;
Bros.,
Inc., Memphis, Tenn.; Kaufman-Straus Co.,
Inc., Louisville, Ky., and
Richard Store Co.,
Miami; Fla.'
40,268
$542,782
412,206
•
-
Vice-President
as
Albert Rosenberg,
Vice-President, on Nov. 15,
City Stores units will use the facilities of the
•$874,189
29,038
a
Ma"SOn COrp ' Ntw Vork.
'
'
May Department
aban¬
etc.
heart
Maxson
lease rents,
exps.,
resin
Subsidiary—
potato dehydration plant in
Washburn, during the
1943
•$955,924
28,188
26,909
expenses
taxes,
selling stockholders
severally, in the respective
of 203,833 shares of common
income-
gas
Operating
Marvinol
Mr. Joyce is Assistant
production Manager of Maxson Food
Systems
and Mr. McCall, a native of
Texas, was Superintendent of the
.
1944
the
,
Cleve¬
near
Inc.,
$0.87
1945
1946
'
PainesvUle, Ohio,
Me'' its Preside«t, has
as
George
J'
2,805
$0.63
,
the
with
years
<
election
$948,499
of com. stk.
15
v
?hPrrJlP?ii^mP?r^u,?f PrTSQx,e lsle'
the election of William
L. Maxson
164, p. 1723,
3 Mos. End. Sept. 30—
STOCK—The
aggregate
an
on
after
'
Louisiana Land & Exploration Co.—Earnings—
underwriters,
the
below,
slir.
per
of
FoUQwlng a meeting in New York of the board
of directors'of th«
newly chartered Maxson Maine Potato
Co., a wholly-owned subsidiary
1,010,000
$686,475
—
Presi-
newly-created
manager
a post he had occupied since March
Maxson Food Systems, Inc.—New
•
10
10
10
1,560
—V.
10
&
Boston
income
Earns,
10
Corporation
Dillon
First
Kidder,
1,560
Ripley & Co., Incorporated
Eastman,
.
Inc
Net
20%
10
10
3,121
Co
&
Percentage
1,560
Stanley & Co
Vice
as
a
division
JnHnl
—Preferred Shares—
Morgan
of
holders
directors
269,368
^
to
commercial, domestic and perrecently authorized doubling of the origin¬
ally contemplated unit. When
completed, the Ohio plant will cost ap¬
proximately $J,500,000 and have an annual
capacity of 25 000 000
!^U rpv,°*JraW-mater*a*' w*ri°h will be sold to processors for fabr'ica5°"'
Martin company will not enter the plastics fabrication field.
io^lfc
Plaut will be in production in the
spring ni 1947 with full
of
capacity reached about a year later.—V 164
f;' P. 2411. P
x-1 ^, 1 ^
M
A
'f
*
'
$2,330,673
420,743
deductions
dividend
20
Kittner
Division,
company will manufacture
wide range of
with
sonal
$2,202,589
I
H
was
construction at
vinyl-type plastic
anrmanufactures.6
235,560
quarterly
-,
^
elected Robert
York
^ 48,26^^ ^^8,084
—
usual
New
—
dividend paid this year
having been for 75 cents
election. Mr.
where
Dividend
the fourth
quarterly
of the others likewise
A_new plant is under
1945
$1,352,883
——
-
$27°.2°8
C°mmon stock, payable Dec.
is
,
members
land
the
Income
Interest
$3U'842
9, 1945, when he joined the
Martin company
American Hard Rubber Co. of New
f
1946
$1,304,620
87,581
v
iSq!iCk arL C^em.ic.als Division,
o
132,000
„'
$357,789
200,996
Qmnc^arg.e °^the, Pasties and Chemicals
Prior to his
$15,770,669 $16,420,581
14,466,049
14,217,992
—
58,275
-
$512,838
office.
$5,446,766
SEPT.
————
$299,513
13,708
.
on
company,
share.
The
497,216
———
50 368
116,533
$499,130
—
L.) " Martin
directors
the
300,183
-
1946
—
231 899
116,473
——
i
n? record Pt^r
ri Dec.
by
6,144,827
30—
income
profit
Total
percentages, indie?ted below, of the 14,399 preferred
in exchange
to holders of the 7%
cumulative
as shall not be taken in exchange.
offered
stock
Months
Operating
•Operating
510 201
50 884
52 488
.
of
Los Angeles Transit Lines—Earnings—
standing In the amount of $500,000.
$1,208,516
622,175
stock
*
1945
$1,341,151
Plant, etc.—
2,724,368
.
•
(Glenn
tion, etc., $842,188; reserves for depreciation, depletion and amortiza¬
tion, $46,439,315; reserves for accident and surplus, $1,387,224; con¬
tributions in aid of construction, $321,591; earned
surplus, $3,588,581;
total, $136,279,728.—V. 164, p. 1723.
($3 par) and changed each share of outstanding $100 par stock
into 33 Vz shares of $3 par stock.
At Sept. 30,
1946, the company had short-term bank loans out¬
27,924
$81,268
'188
•
,
TnPnmfrf1^0?6
$1,500,000; accounts payable, $1,679,059; customers' deposits, $2,855,327; accrued accounts, $6,176,443; customers' advances for construc¬
817,500 shs.
56,643
«7q 700
Income deductions
LIABILITIES—Capital stock ($10 par), $54,990,000; notes payable to
banks due 1948—1958, $16,500,000; notes payable to banks
(current),
1946, the company reclassified its 30,000 authorized
stock ($100 par) into 1,000,000 shares of common
I
•
Utihty operating
Other income—net
ASSETS—Property, plant, and equipment, $122,395,802; miscellaneous
securities, $53,319; cash, $8,849,683; United States treasury tax notes,
series
C.
$295,000; notes and accounts receivable (less reserve of
$71,132), $2,262,092; appliances, materials and supplies, etc.
(gen¬
erally at cost or less),' $2,023,033; prepayments, $214,906; other cur¬
rent assets, $10,493; deferred debit items, $175,399;
total, $136,279,728.
s
$109,193
taxes
...
4,779,257
SHEET,
.
Oil
$3,523,742-$6,457,224
$4,658,774
CONSOLIDATED
2,385
$136 431
*
1724.
p.
Retirement
is
Net
—
Dominion of Canada taxes
>,
144,000
,
4,776,406
income
deductions
^v!i6Vpmi724."""""~""""""""'""""""""
•
'372,216
—
income taxes
$106,807
3138
12 Months Ended
■■■■■•
262,294
,
30,000
$133 293
—-
JwraS8 revenue deductions
reVenuesJ
Operating
Co.,
the
3,049,037
'
-
income
Maine Public Service Co.
com¬
$29,386,154 $29,341,081
14,688,938
13,952,459
.2,128,240
-.244,854
108,000
55,656
31,452
':0. Net income
$10,989,318 $11,415,775 $14,992,898 $15,602,882
217,686
-262,317
301,086
357,522
^
accruals
—
$10,748,770 $11,265,411 $14,697,216 $15,388,622
240,548
150,364
295,682
214,260
income
139,701
5o399
'
Income
1946—12 Mos.—1945
$21,548,371
$332,164
113,025
'
L
1946—9 Mos.—1945
„
30,000 shs.
1,000,000 shs.
'
.
10,915,383
Lease abandonments
Amortiz.
of
gas
plant
-Outstanding
50,000 shs.
'■
„,
$334,170
taxes——"
profits
Ltd.
1945
two
distributor for
as
$21,664,153
credits—
charges
Depreciation
Depletion
manufacturing and
including woolen
knitting yarns.
——
marketing
p. 2548.. ; 3_
excess
operating
Other income—net
per
yarns,
Authorized
,
petroleum
income
inccrne
Gross
CAPITALIZATION, GIVING EFFECT TO PRESENT FINANCING
Cumulative preferred shares ($10o par)
3.85%
cumulative preferred shares—
In
Income
both
Co.,
the
and
reserve
Co
1945
.
'
of Dyersburg, Tenn.,
marketing concerns of
bulk plants,
15 owned
supplement
to
Electrical Power
—J._L_
deductions i_—_ '
;> Utility
large water
and operates at Memphis and Nashville.
owns
revenues
Operating
of
hand
adapted
Dyersburg.—V. 164,
other
'
,
well
Period End. Sept. 30—
has
company
Cochrane
Co., Inc., and Charles P.
then wholly owned subsidiaries of the
company.
Is
inc.
Brunswick
Sept. 30—
revenue
Retirement
Inc.
five
New
revenues
Dominion
earnings
Davis, founder and Vice-President of the Tennessee
continue
it
Blueridge
selling
terminal
Operating
operation for 100 years.
It was in¬
Feb. 28, 1895, to acquire the property
principal
Operating
Operating
stations, a large number of dealer and
complete water terminal facilities on the
as
Oper, revenue deducs.—
Bridgeport,
1946,
Co.
&
12 Months Ended
share
per
leased
well
as
Oil
petroleum
involves
sale
,'»v
Pa.
The company has no subsidiaries.
As of
acquired all of the assets of its then wholly owned
subsidiary, Lees-Cochrane Co., Inc., and the subsidiary was dissolved.
Bees-Cochrane Co., Inc., had been formed in 1945 as a result of the
Aug.
The
Lone Star Gas Co. ,(& Sub.)—Earnings—
.:
and Sons, a sole proprietorship which, in
partnership of Lees arid Schofield, estab¬
the
to
cents
:
constant
Pennsylvania,
successor
in
located
and
with
Tennessee
independent
seven
accounts,
Chester
will
borrowing.
AND
the
principal
Tennessee.
stations,
Co. at
purposes, company may provide them out of its cash resources,
from
the proceeds of the sale of additional securities, or from
HISTORY
50
Barton, President,*on Nov, 18 announced that this
required for
are
of
U,
terminals which Lion
;
the
at
dividend
a
Sept/10, last, and in each quarter during. 1945.
President, reported that the company's
the
Heloise
expendi¬
for
new
a
declared
Maine
Mississippi River at Heloise, Tenn.
The new acquisition will round out virion's
marketing territory in
western Tennessee, where the
company already operates 12 bulk plants ?
with 243 owned and leased service stations and dealers'
outlets, A. F.
Reed, Vice-President, in charge of sales, stated. He added that the
outstanding
and to provide
par),
working
of
service
presently
erection
directors
Biggers,
northwest
tfie 30,000 preferred shares is
of
of
preferred
partially
and
all
the
has purchased
pany
benefit of a sinking
$105 per share and
the
sinking fund
issue
of
cumulative
funds
made
company's
the
the
2693
*
to
one
$107.50 per share on or
per share, in each case
$105
at
shares
for
retirement
7%
additional
tures
redeemable at
*
fuel
dividends.
PURPOSE—The
•
The
Redemption price
accrued
is
V
ri
.a
,,
Lion OiL Co.—Further Expansion—
are
thereafter
•
Col. T. H.
expires Nov. 25.
before
'*
^
-V.
oversubscribed.
The offering constitutes approximately
25% of the outstanding common stock of. the
company.
The exchange offer
.
1
employees ha'\fe increased approximately 50%- and materials
by very large amounts, he said, adding that the company
is therefore gratified to have been able
to hold its price increases
within such moderate limits.—V.
164, p. 2019.
being sold for the account of
selling stockholders.
The latter issue has been
certain
'
•
value capital stock, payable Dec. 10 to holders of record
Distributions of 25 cents each were made on March
and
and
company's outstanding 7% cumulative preferred
on a share-for-share
exchange basis.
The 203,833
stock
4
'
'.
par
D.
paid
stock
common
'
'
during October showed substantial improvement, partially as a result
of long deferred price increases which in total
aggregate only 10%
over
the
prices which have prevailed since the depression year of
1938.
During these eight years of war and postwar conditions, wages
preferred shares (par
$100) and 203,833 shares of common stock (par $3). The
preferred stock was priced at $102.50 per share and ac¬
crued dividends and the common stock at $26 per share.
The preferred is part of a new issue of
30,000 shares, of
which 14,399 shares are being offered to the holders of
shares of
29.
John
taken Nov, 21 in connection with the
oflfering by an in¬
vestment banking group headed by Morgan
Stanley &
Co. of 15,601 of 3.85% cumulative
the
i*
*
'
♦
•
19,
no
June" 10
.
1,
(James) Lees & Sons Co.-^tocks Offered--~The first
public financing for this centry-old company was under¬
*
Nov.
the
on
the
',
Libbey-Owens-Ford Glass Co.—Larger Dividend—
cents
50
regular quarterly dividend of 50 cents per share on
capital stock, both payable Jan, 2, 1947, to holders of record
Dec. 17, 1946.
;,s•
'IV—— 'ly.ll- -
j
f
<r
v.
'
On
per
(
/•
.
Lambert Co.—Declares Extra Distribution—
•i£vi
,
•
•'
*$239,700
597,335
,
.
_
..
Nil
$468,850
597,335
>
;
.
$0.79
*
*$316,626
597,335
:;y
Nil
Net
Divs.
•
'•♦•Earns,
$3.23
,3
period
shs.A
$867,840
shs. nutst*nd._
share.
com.
$201,"486," balance
-''3- v3-'■:
;-..
$168,329
697.613
„
$470,4^1
707,334
$0.24
unamortized
--i-•
,
$819,041
$1,798,557
r,
$1.03
per
com.
$2,143,957
345,399
$307,779
141,406 .; - 139,449
$726,433
707.394
•Includes
;
for
preferred shs._
earns,
rommon
597,335
w
on
Net
$1,930,476
s
earns,
3'.-f
" •'
n.
$2.54
expenses
•'•'.
348,619
••••
f V
on
;
-
.
3V'a%
3
693,613
$0.67
'
bonds
•
1
■
THE COMMERCIAL" & FINANCIAL CHRONICLE
2694
fetired June 1,
1946.
tlncludes $185,296, balance
bonds retired June 1/ 1945/
'
-
3Y*%
on
Form
Certificate—
of
«
"
'
Monongaheia Power Co# (& Subs.)- -Earnings—
unamortized expenses
'
-
,
,
*
t
Perlod End. Sept.
,
Total
*
x
r
"
■
Operating
•
Referring to its order date Aug. 6, 1946, directing that certificates of
common stock shall be deliverable until further notice against sales oi
of this corporation.
common shares
York
New
■dlcate
the
Stock
.
„
change
shares.—V.
to
Exchange
'
»
#
,
Deprec. and depletion-
shares or
common
Fed.
income—
on
1,400,000
1.336,500
1,901,900
interest.
Immediate
the
1,221,40$
$3,159,549
1,214,240
$4,592,458
26,500
$2,350,609
139,667
Operating Income —
Non-operating income--
PhiladelpBIa-<--Files With SEC—4
203,446
•■■
sold by
$4,795,904
1,229,294
2,874,649
$1,547,006
$1,956,755
$1,921,255
297,000
365,947
396,008
dividends
Preferred
$1,590,808
$1,525,247
possible
$2,067,020
—
1946,
those
are
[and not for
the
for
20 as shown.
years ended June
'
See V. 164, p.-2549.
9 Mos. End.
Net
Ltd.—Earnings—
Mexican Light & Power Co.,
Canadian
in
(Expressed
Gross
from
oper,
1,316,237
earns,
Net
$9,805,557
8,097,663
$1,422,385 $12,074,020
1,157,107
10,050,905
$1,500,665
©per, exps. incl. deprec.
1946
:
•'
1944
7
V
'
»
1945
,
-
8,824,489
6,813,254
—
4,509,991
1,587,169
.
profit
operations
from
The
$10,025,525 $12,133,623 $10,965,636
1,605,092
*823,327
639,256
„
Other income
..
Net
operating
of
A sink,
$184,428
income
annual
fund
Net
Excess profits
1,615,632
1,550,000
201,954
190,000
«$5,572
2055.-,
earnings
•Deficit.—V.
164,
p.
The stockholders
Nov. 14 voted to increase the
on
"The
directors
tor
39,944
89,702
55,931
$6,987,663
$1.63
$4,101,205
—,
$2.71
.
share
common
per
1945
and
1944.
$3,979,216 in
Trust
BALANCE
Government
10,696,750
18,793,362
securities
Receivables,
Michigan Bell Telephone Co.—Earnings-
less
7,866,289
14,491,722
reserves
•Operating
tfacollectible oper.
Operating revenues
derating
__
expenses
Operating taxes
Net
48,695,636
59,891,972
39,496,134
9,321,131
13,052,414
.
6,631,497
4,316,663
1,491,139
67,571,672
823,695
9,554,905
9,472,959
.
directors
and
declared
*
CChW
2,920,169
per
351,137
$3.25
428,065
"871,433
41,537,764
Operating
—
stock
4,828,966
1,019,860
—
883,095
12,788,507
18,327,062
134,531,108 119,179,568
Co.—Earnings—
Glacier
479,318
136,255
69,209
57,117
6,721,591
1,294,717
775,474
:5,841,853
2,247,848
798,417
Prop, retir. reS, approp.
74,000
61,000
789,000
Operating revenues
Oper. exps., excl. taxes
—
;
732,000
"
Federal
Prop,
6
GrOss income'
Int.
on
12,584
375,000
21,593
term
jjie
9,239
7,052
537
V'• •;.**
239
12,406
j••■■■
Net income
•
$74,844
$24,175
stock for period
266,856
Balance
-V.
164, p.
on
Int.
jshare
of
the
on
record
in
total
Net
profit
Ray
E.
the
FOR
after all
B)och,
that
$10,000,000
more
payable Dec.
of
50
1946 $2
TEN
$7
for
net
per
in
per share, as
ENDED
OCT.
profit
and
156,
in
He
(approximately)
General
year
are
excess
for
1055.
$?,2Sd,o'oo
estimated
at
Nov.
20 an¬
approximately
$1,000,000, or equivalent
stated that this year will
the company,
which
was
to
be
incor¬
The
quarterly dividend of
stock, par $50, was also
record
Dec.
16,
a
lend
debt
income
dividend
of
62»/2
cents
per
share
164, p. 2549.
V
1,
5%
1947 -to
Profit bef. taxes
"
\r
expansion
7,762
1,030
no
1,509
51,439
957,534
957,534
$4,299,782
$3,012,960
—
'
,...
fered--^Aii
imd^i^Ktirig
proceeds froiu the sale will
p.
2411.;
"
- .
.
% ,,V'
was
incorporated in ' Missouri
organization it assumed certain
made by Robert A. Drum, one of its Organizers,
time
of its
control of which was-acquired in 1939.
The business of the company is the
$254,698
marketed
and
not
the
the
under
manufacture
and
brewer's
2471,192
$52,818.
$78,241
trade
6^4,000
215,453
$712,241
$1,425,760
$0.84
$1.68
$26$,'270
.
.
It
does
be taken
names
of
the
several
underwriters
and
'
;
the
by each are as follows:
-Preferred Shares-
Brothers
&
Co
Rupe1 &
RuSs
Son
1
Net
Expenses
Years Ended Noy. 30
'1945
$3,735,518
2,325,212
1,291,206
1944
-
$3,642,809
1943 /
$3,311,097
2,237,701
1,990,731
V;
v
672,938
648,264
$756,842
"
$682,120
22,112
.'21,405
20,406
$393,705
9,567
22,000
138,000
; ' 3,000
$759,479
$778,248
$702,529
30,965
42,991
$0.31
.
638,245
$737,367
v.
,
income
346,898
$3897785
3,921
$221,139
i_—
Gross profit
Other
-
June 30,'46
sales
of
-
260
ACCOUNT
$2,027,390
..
sales
Cost
390
260
INCOME
7Mo'S.End.
'
/-
390
260
1,390
1,390
—_—
Co
Small-Milburn
"'*■
520
2,110
1,390
,.
COMPARATIVE
;
2,000;
520
2,110
Estesi"Snyder & Co
Beecrbft, Cole & Co
R. J. Edwards, Inc.__
The
5,000;
650
520
4,070
Pancoast
Co.___
&
780
3,500'
2,780
2,780
&
Co
&
J
2,780
Robertson
Dallas
From
Company Coih. Shs.
13,000:
1,950
10,527.24
Barret, Fitch & Co., Inc
& MacDonald__
Dewar,
,
'
-
Toisii
•
Income
exc.
State
.—
dcductibhs
profits tax_-_
income
income
Net
tax
tax___—
income
164,
470,772
482,920
48,875
2,911
$205,867
$196,390
"434,7ll
53,034
3,000
-
26,429:
46,341
.
3,078
p.
2411. ;
$191,966
'
Diamond
Cforp„ Ifew Yorfc-^Mes with
SEC—
The company on Nov. 18 filed a letter of notification with the
300 shares of class A stock. Underwriter, J. Arthur Warner &
for
J
k
Pilsener."
constitute less than: lrk of the company's total sales.
average
UNDERWRITERS—The
to
"Muehlebach
name
$1,210,303
on
$0.36
pre¬
supply beer for others. It also sells dried grains
by-products of the brewing operation, which on
or
yeast,
Multi-Facet
$303,648
share
sale of
and
$3,381,500
176,458
215,453
shares
•^-F. 163, pV 2160.
manufacture
quality and premium priced rbottled and draught beer,: all of
which, is produced and packaged at its brewery in Kansas City, ifov
Fed.
1946—9 Mos.—1945
year's
profit
\
.
.
-
'
-
18,210
taxes-
'
mium
—V.
per
program.
the
accrue
$71,027
:
$303,648
845,752
At
..
Federal
1946—3 Mos.—1945
176,458
the
been expanded to its present rated annual capacity of ap¬
proximately
175,000
barrels, which
expansion was as follows:
m
1939,. to 125,000 barrels; in 1940, to 150,000 barrels; and in 1943,
to
175,000 barrels.
Sale of beer by the company
was
begun in
May,' 1938.
.»
The company has one subsidiary, Lone Star Brewing Co.
(Texas)
Dittmar
—
164,
of
company
BUSINESS—Company
&
1937.
Stockholders
$3,970,494
123,263
$480,106
Net
the
by
From Selling
2,598,$05
Prov. for Fed. inc. taxes
on
prior
sale
529,495
$263,187* $5,257,316
inc;
Earned
the
80,395
.150
MillS^StockS
period End. Sept. 30-
the
unless
and
1,755,298
$448,625
....
shareholders and
Federal
until
$6,386,312
Mfotdr Wheel Corpi—Earnings-
on
Jan.
made
1,237,514
applicable to pid. stock for period
Refund- of
Trust,Co., of Kansas City, Mo., has executed
Burke
to the company.—V,
—
20 cents per share
on
up
be
27,
Stern
.
——
'
dated Aug. 31, 1946, stating that, provided tWb
completed by not later than Dec. 15, 1946, it
said note from time to time upon the request of thb
to the total face amount thereof; borrowings, however',
142,517
disct.
expense
•
to borrow approximately $500,000 on the note arid thereafter to make
no' further borrowings (unless otherwise needed) until it may need
tp
Other
declared, payable
1946.—V. 164, p; 1087.
$451,338' $9,225,169
54,486 shares' ($10 {>ar common stock., The5, preferred
stock was priced tor the-public* at $50 per share/ plus
accrued dividends froln Oct.
1, 1946,
the common
shares, were-priced &t
$18 each. The shares presently
being offered are being sold for the account of selling
.
of
221,810
,
19, the directors declared
usual
preferred
$6,164,502
* v 313,027
-
-
on
on the
outstanding $1.25 par value coihmon stock', payable Dec. 9 to
holders of record Dec. 2. A similar
distribution was made on Sept. 10,
last
In each of the first two
quarters of this year, payments of 25
cents
were
made on the old $2.50 common
stock, which were later
split up on the basis of two shares of $1.25
par stock for each $2.50
par share owned.
The old stock received distributions of 20 cents
per share in each of the four quarters of 1945.
.
holders
.
940,000
.
Manager,
$8,907,142
21,073
95,833
* '
is
44.125
Morris Pajpfer
compared
of
further
profit
p.
!
$430,265
$545,638
-.
Commerce
group, headed by Hallgarten & C|o.,, offered 29,192 shares
of
4%% cumulative preferred stock ($5() par), and
1946
31,
—
add
the
share.
1913.—V.
MONTHS
charges
President
sales
and
than
Nov.
per
20 to holders
Mojud Hosiery Co., Inc.—Declares Dividends
On
cents
special dividend for the current
i--
highest irt -volume
porated
value,
second
disbursements in
(approximately)
nounced
dividend
par
no
the
extra
2,896
9,835
3,783
v
Balahce ——:
1945.
RESULTS
Sales
stock,
This is
30.
an
965
3,278
$541,878
Other int. and deducts.-
Extra Dividend- -Has Record
declared
common
Nov.
jrear and makes
with $1
have
of
and
-V.
directors
1,609,579
'
(net)——
Net
$387,577
Earnings^
The
322
•
On debentures
DIVS.
Rubber Co.
1,500,000
1,693
^
mtg^. bohdsj-^v'
Amortiz.
1725.
Mohawk
125,000
pit.
revs
income
Gfoss Income
fht.
266,856
$1,446,177.
utility
adjusts.
$1,000,000
(amount
financing
shares
$654,433
$1,713,033
of
Net' oper.
Other
chgd. to construe.—
Credit
125,000
investments
acquis,
259,116
89,622
1_
1946-
50,000 shs.
200,000 shs.
quently
•
deplet.
approp.
Amortiz.
375,000
:
253,116
97,275
and
Co.)
Amortization of limited-
$1,374,625
31,250
.
21,$93
—
Production
1946—Month—19,45
1946—12 Mbs.—1945
$1,322,205 $18,156,389 $18,364,531
414,958
408,405 " 5,023,152
4,848,284
218,049
4,181,824
230,526
93i,756
137,997
126,594
1,547,611
1,790,096
$1,437,873
'
$1,362,041
-5,270
$2,432,018
$83,831
31,250
Other int. and deducts—
*'•
$2,426,748
1,347;
$136,389
mtgC. bonds
Amortiz. of utility pit.
acquis, adjusts.
Int.
$82,484
$136,383
...
—
retif.
reserye
,
-
Net Oper. revenues---.
Othir incomO
—.--.-i,
taxes
Other taxes
,
%?•
50,000shs.
200,000 shs.
previously
it acquired the trade name "Muehlebach Pilsener,"
formulae, good will, and certain equipment in the partially dismantled
brewery in Kansas City, Mo., formerly owned by George Muehlebach
Brewing Co. (not the present company) which had been incorporated
in 1903, and had suspended operations in 1926 as a result of unprofit¬
able operations under conditions prevailing while national prohibition
was
in force.
The original Muehlebach brewing enterprise covered a
$pan of moi'e than half a century, having been founded in 1868 bjr
peorge and J. G. Muehlebach, and the trade name of its beer "Muehle¬
bach Pilsener," which the company acquired, had been familiar to
consumers
of
beer- in Kansas City
and the surrounding area |or
many years.
The company completed the removal of usable equipment
from the old brewery and constructed, at a different location ih"
KanSas City, Mo.,. its own brewery with an initial
rated annual
Capacity of approximately 75,000 barrels of beer which has subse'-:
12,678,680
'20,337,869
surplus
Period End. Sept. 30—
)
Outstanding
pursuant to which
2l,000,0()0
stock
Montana Power
1946—12 Mos.—1945
Other taxes
the
preferred
par)
contracts
(Including, for periods prior to Dec
14, 194.4, consolidated operations
of the company and its former wholly-owned subsidiary,
-
i
102,435
use
to
collateral
HISTORY
—V. 164, p. 2411,
579,957
■
to
pursuant
commitment .letter
March
with the SEC
a
participating
($1
contemplated
31,685,000
_
__—
Earned surplus ;
$816,174 $12,007,530 $10,982,159
$961,984
revenues
tax?S
be
may
intention
effect additional borrowings thereon to meet the cost of the company's
39,675,265
5,189,953
amortiz. and obsolescence
Mississippi Power & Light Co.—Earnings—
Federal
and
the
borrowed
to be sold to the underwriters has been effected. The present1
intention of the company is, upon completion of the present financing,
1,857,423
6,691,753
Paid-in
derwriter.v David L. Mills, Jr., Seminole, Tex.;
Shelby, Mont. Proceeds will be used for development of oil leases.
Operating expenses___-_'
.
966,Hi
1,584,690
19,919",175
Common
share;-Pd"
and W. M, Fulton,
1946—Month—1945
being
par)
note
and
company
5,418,8Q0
-
preference stcck
Preferred
Mills Oil Co., Conrad, Mont.—Files with SEC—
Period End. 3ept. 30—
funds
corporate
it
funds
par
mortgage note dated Sept. 3,
present
514,881
Total
,
a
$336,868
5,214,079
—
Minority interest In' subsidiary companies
Capital stock and surplus:
also
The company on Nov. 13 filed a letter of notification
for 100,000 shares of preferred stock. Offering price, $1
other
shares
$463,508
payablereturnable containers—
for
the
stock
cumstances:
1
345,236
'
dividend
Reserve for deprec.,
Pension reserve'
declared, payable Jan. 15 to holders of record Jan.
3, 1947.—V. 162, p. 1892.
•
general
purposes,
authorized being face amount) and the mbrfrpledge agreement to secure it, are authorized by
the company's articles of incorporation as amended,
and have also
be§n authorized by proper corporate action under the following cir¬
*
the
was
($25
^This
gage
134,531,108 119,179,568
liability
payable to foreign banks
Accounts payable and accruals
regular quarterly dividend of five cents per share on
stock, par $1, bath payable Dec, 20 to holders of record
Dec. 6. This makes a total of 25 cents per share for the year 1940,
*s against 20 cents in 1945.
•
The regular quarterly dividend of 15 cents per share on the Class
stock
stock
70,155,044
Notes
common
"A"
its
with
of such sales will be credited to stated capital
value of such shares and the balance will be
paid-in surplus.
of
cumulative
1st
'
estimated tax
Preference
dividend. of' five
extra
an
to
corporate
together
proceeds
to
Common
14,397,943
1
_
LIABILITIES—
Net
Deposits
have
6Ve
15,963,965
2,914,478
10,625,325
620,562
—
the
extent
cannot
Millet Manufacturing Co.—Extra Distribution—
Th6
initial'y
general
Authorized
Dec. 31,'45
77,506,008
—-
Advances oh Government contracts
Share
commoa
Co.,
of
will
Total
—V. 164, p. 2411.
the
and
"
Capitalization giving effect to present financing:
1,857,423
.■
and processes
Deferred charges
—
7,163,664
953,029
945,357
charges
preferred
company.
All
the
1,584,690
2,971,721
contracts
Government
Patents
7,343,424
809,569
operating inc
Net after
)•
8
59,966,390
74,418
7,731,740
5,830,173
948,538
rev._
to
Property: Land, buildings, machinery and equip¬
ment.and phosphate deposits, less depletion-
1946—9 Mos.—1945
-.8 :
67,744,514
172,842
22,965
7,754,705
revenues
restricted
Investments and miscellaneous assets
.
■
added
credited
sept. 30/46
ASSETS—
6,635,251
3,754
the
for
Kansas City, Mo.
«3) to increase the company's working capital.
*
j >.
'20,000 shares of the common stock will be offered by the Company
to officers of the company and its subsidiary and to what the
manage¬
ment
of the company deems to be key employees of the
SHEETS
Inventories
19'46—Month—1945
registrar
and
;
CONSOLIDATED
Funds
•'
be
proceeds
(Excluding British and Australian Subsidiary Companies)
$1.20 annual
10
Sept; 30—
and
agent
letter of Commerce Trust Co., Kansas
City, Mo.,
(1)
pay and retire the note of the company held by Schroder
New York, (unpaid balance on Sept. 1, 1946, $181,909),;
(2)- to meet the cost of the contemplated Expansion and improvements
$3,574,156
$2.32
§ After deducting $803,-
year
period End.
stock ?
stock (par $1). The
offered at par and div. and the common
common
commitment
for
6hares.
Tfie stock outstanding prior to the ttfo-for-one split-tip received this
the following cash dividends: March 12, 40 cents quarterly and
cents extra; June 12, 40 cents quarterly and 10 cents extra; and
Sept. 12, 50 cents quarterly and 25 cents extra.—V. 157, pi. 900.
■
Transfer
for
'
already held, and placed the increased stock on a
dividend basis.
alway*
alphabetical
alphabetical
cumulative participating preferred
v/as
such
NOTE—The prbvisioh for depreciation, amortization and obsolescence
the nine months amounted to $2,932,665 in 1946, $9,015,241 In
authorized common
share
5%
used
1945 and $860,000 in 1944 allocated to Government" fees.
issue one additoinal share Of
stockholders of record Dec.: t for each
common
will
. 292,727
§1,206,174
$6,482,890
to min interest-
deducting postwar credit of $702,715.
? After
000 in
subsequently voted to
stock
common
6,911,111
—*—
to earned surp.__
Net inc. transf.
—
stock from 50,000 shares (47,146 shares outstanding) to 100,000
taxes (est.)
income applic.
Earnings
on
-
not
promptly to
$92,262
$473,115-
$63,324
Split-Up Ratified—NeW Stock
$1.20 Annual Dividend BasisM
Meyer-BIanke Co.
Placed
474,279 .542,754
4,553,252
§1,345,949
—
it
PURPOSE—The estimated net proceeds to be derived by the company
($333,279 after deducting $9,471 as the share of estimated expenses)
$11,630,617 $12,956,950 $11,595,892
-
charges
Normal income taxes-(est.)
Net
•
income
Income
bonds & deben. stk.__
v
Gross
$1,707,894
$2,023,115
$265,278
int.
chgs. on
■
■
it
to arrange
companies in exact
However, they are always as near
as possible.
stock is Commerce Trust
Co.,
.
Accrual
•'
reaeons
$5.75 per share. Of the shares- offered, 6,500 of th&
preferred stock and 20,000 of the common stock are be¬
ing acquired by the underwriters from the company. Thfe
remaining preferred shares are being offered on behalf
of selling stockholders and 20,000 common shares aire
being offered by the company to officers and key em¬
ployees.
$69,212,831 $73,387,559 $63,334,8Q3
49,888,539
54,440,633
46,281,007
Research expenses
>
at i
at
1946—8 Mos.—1945
1946—Month—1945
•
■•
(par $25) and 40,000 shs. of
v,
(Incl. American subsidiary companies)
sales
of
preferred
Sept. 30—
Cost of goods sold—
—
Selling and admin, expenses
currency)
■
PefriOd End, Aug. 31—
/
,
made
7, 41,327
shares
164, p. 2289.
Monsanto Chemical Co.—Earnings—
in our issue of Nov. .18,
June 30, 1946 and 1945
figures published
fiscal years ended
earnings
be
(George) Muelilebach Brewing Co., Kansas City, Mor.
-—Stocks Offered—As mentioned in our issue of Nov. 11
Stern Brothers & Co. and associates offered Nov*
$2,560,667
Merchants Distilling Corp.—Correction—
and
*.
.
price will
2,890,336
••
•Resulting from refinancing in 1945 and from said of transportation
uroperties in 1944.—V.
The .Sales
redemption
■
order.
493,647
deductions—
inc.
Net Income
.
:
11 stockholders.
fdll
$5,451,003
$3,180,049
943,270
$1,250,006
14 filed a letter of notification
Nov,
on
the
II
$5,421,308
29,695
$2,490,276
Total
with the-SEC
for 10,000 shares of common stock. Underwriter, Frank C. Moore &
Co. Offering price, $4.50 per share. The underwriter proposes to offer
publicly 5,000 shares about Nov. 25 and proposes to hold the re¬
maining 5,000 shares of his own account for an indefinite period, the
•offering of which may be postponed several months. Stock is being
company
.
of
NOTE—-For mechanical
104, p. 424.
Medisan Corp.,
Tire
v
Island
Crl,613,900 Crl,247,000
position
*
r
payment
Rhode
Hospital Trust Co., trustee, Westminister St.,
•Providence, R. I., or at the Commercial National Bank & Trust Co*
New York, N. Y.—V;
164, p. 1725.
'
'
' "7.,,
* 1,449,200
877,000
948,000
•Reductions
certificates of common
new
taxes
1,069.000
1,072,000
1,027,000
1,121,000
income
eral
7*
•
15
Nov.
on
and
102
either
other than Fed-
Taxes,
*
further directed that
beginning Dec. 4, 1946, deliveries in settlement of Exchange contracts
In common shares may be made only with certificates stamped to iiiThe
expenses
•Maintenance
,"' f"
Bonds—
The corporation has called for redemption on Dec. "
15, 1940 all
of its outstanding first mortgage 5% gold
bonds, due Dec. 15, 1969, at
'
revenues—
oper.
Mount Hope Bridge Corp.—Calls
V
ig46—12 Rfos.—1949
1946—9 Mos.—1945
$11,261,983 $11,612,641 $15,074,106 $15,820,347
6,395,707
1 6,803,169
4,889,563
4,885,686
1,061,441
958,030
'80L811
673,406
30—
Monday/ Novefnbet 25, t94&.
SfiC
Co.,
Offering price- $500 per share. Proceeds will be used lor addi*
tlonal working capital.
* 1
*"• * - ' ; '. *
*
''
Boston.
■
v<
[Volume .164
Number 4545
,
operating
revenue
Total gross
earnings
■
-
6,076,491
9
626,552
2,970,952
V
capital charges
other charges
1,314,182
preferred
303,762
Other
,-U,—,
3%
was
loan of
a
Mason, President/
announced
'
•
-
■-..3SSi l0a!?'.Mr; Mason
capital and to finance
said,
Nov.
'<■■'*•
-
'
;
household
is
appliance
to
corporation
wash
automobile
——
—
P**
as
compared
facilities
capital
for
will
Division
$20,000,000 from
for 16 years
used
for this
intends to
enter
become available."—V.
I
•
f
'
•
18
net
income
provide
year
to
Natomas Co. (&
by George W.
of
for
additional
automo-
164
truck
programs.
plans to
Kelvinator
appliance
field
In
in
with
ties
Delaware
AND
May
to
members
of
*
,
.
Maintenance
Prov.
in
1910),
General
the
and
through such
Michigan,
Texas.
incorporated
was.
acquisition
States.
is
Operating
-V.
...
in
the
cumulative preferred stock
warrants relating thereto
formation
«
„
($50
par),
were
became and
stock
(par
—
now
^•Includes
and
shares
(30,000
shares
preferred
acquired by
assets
of
the
the
UNDERWRITERS—The
22,
for
exercise
week
:
May
on
shares
Bosworth, Sullivan
Blyth it Co., Inc
of
the
Denver
Ralston
Purina
Alfalfa
Co.
1946,
and May
&
stock
have
and
of
1946,
severally
from
Glore,. Forgan
&
&
»
ended
•
-
reports
Nov.
kwh.,
».:'v
and
that
figure
agreed
to
directors
record
Checks
of
for
for
of
were
6,160
1,000
of
13
30,
of
INCOME
Net
Net.
10,000
of
$L31(4
This
per
$1.Eper
share
32,340 >
-
Net
6,721
60,123
-20,758
$2,680,822
$1,806,179
'
*'
470
"...
-
9,513.
$904,687
1
(net)
taxes
$2,655,314
/
-
•
..-v
directors
cents
holders
per
38,039
<
$1,215,414
;
,23,986.
.
.
392,617.
.
of
Nov,
on
record
on
Jan.
/
prior
lien
$1,375,522
Dr 124,187
Cr277,688
be
.
872,762
-///Ut:'.
1,554,000
1,186,000
125,326
457,252
268,247
$709,022
15
declared
an
common
stock,
1947,
and
initial
the
quarterly
payable
regular
Feb.
of
1947,
to
1,
quarterly
dividend
~
346,342
95»67ft
108,997
127,487
74,344
$991,090! $1,266,1-72
353,603
22,095
23,553
income —Z___——for'contingencies."
$1,102,042
$1,368,255
$1,591,766
75,000
75,000
for
addit'l
wages
warrants
stockholders
& sal.
'
(est.)
210,000'
-
the
date
10
of
holder
25,
all
of
1946,
issue
of
the
approved
cents each.
the
of
•'
>
-
,
Oct.
stock
the
of
sale
Each warrant will
"
•
being
are
and
offered
at
•
'
,
cents
10
such' warrants
any
*
30,000 preferred shares.
not
per warrant
purchased by
'
*
.
of the
amounts
of
certain
additions to working capital
existing bank
mate amount of $60,000.*—V.
cumulative
be
-
,
301,703
23,890-
225,000
made
and other obligations
and the elim¬
in the
164, p. 2412.
.
approxi-
'.
-
.
Exchange on Nov. 15 directed that deliveries of
stock, up to and including Dec. 3, 1948,
with temporary certificates or with permanent
beginning Dec. 4, 1946, only permanent certificates
preferred
either
directors
The
June
share,
per
record
164, p. 2550.
Nov.
on
declared
15
NdV.
the class B
on
25.
similar
A
15, last, and on Deo.
a
stock,
distribution
20,
dividend of 3%,
payable Dec.
was
made
equal ta 19
of
16 to holders
on
-
this
issue
on
1945, as- against 10 cents on June 25,
1945.—V. 164, p. 2550.
!*
,
-
-
'
.
.
board
of directors
of
the
company
has accepted an offer vol
$11,250,000- from Laclede Gas Light Co. to purchase North American's
100% stock interest in St. Louis County Gas Co., subject to approval
of regulatory bodies.
The transaction complies with an order of the Securities and Ex¬
change; Commission under the Public Utility Holding Company Act
requiring North American to divest itself of County Gas which has
been a subsidiary of North American since 1912.
E
L
Shea, President of North American, explained that, when tnotransaction is completed, North American intends to apply the proceeds
of the sale to the reduction of the company's bank loans which now
amount
to
Sale of County Gas will mark the third
$47,000,000.
im¬
portant divestment by North American under the Holding Company Acs
Detroit Edison and Pacific Gas and Electric Co.. both having
—The
been
eliminated
tribution
of
as
shares
subsidiaries
of
stock
of
of North American
those companies in
through the dis¬
payment of divi¬
several years.—
dends on North American common stock over the last
V. 164, p. 2550.
%
,,
,
.
$397,207
dividend
.
370,926
Income
the
400,111
!
J/.---—
'
Res.
$467,211
$1,704,281
91,574
632,000
$977,126
$1,515,535
$1,795,855
expenses!!.:
expenses—--.!-—.
I-!——
j
proceeds, company plans to purchase new
due under conditional sales contracts, and
effect
to, and alterations of, existing tools and equipment
at a total cost of approximately $50,000.
The balance of the proceeds
The
Income .from... operaQoni^l^ .!;$M34>920: f'$1,614,367)
admin,
-
Ca.—Accepts Laclede Gas Light Offer
for St Louis Gas Company—
1944
'
from
year
.
North American
,
.
1945-
Proceeds from- patents, etc.—-—r—
Total
$552,223
-
'•
Operating., income- i-Ji——
Income from mi vestment:-!—
Reserve
one
•_
,
WARRANTS—The
Niagara Share Corp.—Declares 15-Cent Class B, Div.—
'•')
a
Non-recurring .losses
$1,029,207
until
^
for
tWarrants
to
cents
98,832
and
-
'certificates; that
shall be a delivery.—V.
Board Co.—Files with
$1,309,194-
emergency
thousand
3% %
12,235,759*
7,579,097
-
reserved
may
may
11,789,43*
i
stock
shares of common
The New York Stock
7,275,438
/
,
common
(J. J.) Newberry Co.—Form, of Certificate-^
10,330,698
6,739,910 ;
1946
of
34,000 additional
holder thereof, at any time during the period
beginning
fl^ter: the date of the issue; of the- particular warrant and
years after such date, to purchase one share of the com¬
equipment,
108,658
1,334,255
"
shares
'
letter of notification with the, SEC
($25. par)
common.
Offering price, $40 a share.
used to increase cash, working. balance. Issue not
War
exercised
stock at $4.50^ per share.
ination
1,368,403
•'••';
30,000 shs.
•92,600 shs.
34.000
of the issue will be used for
1946—9 Mos.—1945
1,152,887
*••
30,000 shs.
for issuance upon exercise of warrants.
reserve
pay
additions
60,616,582'
..
Outstanding
250,000 Shs.
-1
preferred stock and
PURPOSE—Out
84,641,772
./;:-v7;
*
.
Authorized
the
to the total
840,100
*
,
be determined by the directors.
Up to 3,000 warrants will be
Straus, Blosser ft Co.
The iemaining 21,000 warrants will be
and delivered to the underwriter, or to persons it designates, at
10 cents per warrant.
In the event that the full 30,000 shares of
preferred stock- now offered are not sold but purchasers are found by
the underwriters for not less than 5,000 shares within the time re¬
quired, warrants will be sold to Straus, Blosser & Co. and to the under¬
writer at the sanie price, am » proportionate basis a» stock sold beara
-•
77,745,424
&
;.:;vZv
sold
preferred
stock
.1,225,269
.
1947.
PURCHASE
common
sold
95,351,560
Nov.- 14 filed
,
Crl78,410
$1,653,211
,
to
as
*
I
6,684,834
Pulp
com¬
stockholders will be offered at that price to-employees in such amounts
9,384,492
(Conn.)
fishing creel.
advantage in
parts—refrigerator doors, antennae masts, vacuum
miscellaneous items which are fabricated on order for
stock
be
year
Ten
,
t
$850,797
$2,531,126
347,000
10,
shares
not
mon
8,593,206
_
(5)
ending five
r>
10,971,362
.
and
well as a complete tool and die room,
the conversion period for the manu-
products
entitle
'i one
j
15,974
.
v'7
will
Sales
^Tothi
340,631
Br5,464
—
share
$7
to
'84,750,430
pother --operating income-!
available
Earnings per share
^Initial Divideud-r
The
the
$6
.
for
-
6,171
($25
18
/
95,510,535
158,975
Quarters Ended Sept. 30-!-
567
.
$899,223
net income
Pro forma net income
on
the
revenues—
company on
General
15,995'
1,655
income
Federal
'
"
...
deductions
adjust,
:
dMdend on
1946, to holders
.(The) New Jersey Zinc Co.—Earnings—,
22,154
—.——
forma
on
rev._*
cper.
underwritten.
$1,193,259
$921,467
15,125
Pro forma provision
;
$1,785,421
.?
income
Pro forma
Pro
1,401
The
for
482,680
$2,620,099
...
deductions
/(net)
share
ceramia
;
plant facilities, including heavy
as
the company at a meeting held on
of 34,000 stock purchase warrants at
69,-
week
is
9,400,466
Haven
Proceeds
.
108
Non-recurr'g
c
556,975,
1
$914,746
Other .income
Total
541,778
-
■
Profit from operations
Other
dividend
16,
plastics,
custom
STOCK
quarterly
Dec.
10,995,253
23,891
Income;
charges,
after
SEC—
a
.
used
respective warrants.
*
STATEMENT
*
172,485
•
full
on
1946—Month—1945
-
oper.
New
End.
12 Months Ended April
July 31,'46
r
1946
*
194^
1944'
$4,290,849 $12,959,843 $11,717,469
$9,056,537
3,203,530
9;795,965
9,374,603
7,380,031
sales—
r
the
plasters,
outdoor ware,
"-Exclusive of 67,500 additional
x:.;
was
croresponding
'
payable
of
conv. pfd. stock (par $2.25)
stock (par $!)
Warrants to purchase 34,000 shares of
—V. 164, p. 2412.
16,940
>
(4)
*
32,340
3,080
COMBINED
expenses
Bad debts
\
the
over
casting
ORDERS-*-Actual unfilled orders and contracts for the
aggregate approximately $600,000.
The management
estimates that,, on the basis of projected
production schedules, annual
production may well exceed $1,230,000 for the 12 months' period com¬
may
the
for
62,504,709
*
FORMA
been
stock held in
.
England Telephone & Telegraph Co.—Earnings-
Operating!
32,340
3,000
the
CUSTOM MOLDING—The
parts,
*
prior lien preferred
made in each quarter during 1945.—V. 164, p. 2412.
Uncollectible
5,000
3,080
;
(3) serve-all trays
common
1874.
p.
hours
with
increase of 12.48%. v
ended Nov. 2, 1946
an
declared
1946.
Operating expenses
Operating
taxes
3,080
Selling, gen. and admin.
*
164,
week
12.27%
stocks
Operating revenues
32,340*
3,080
sales
Cost
the
of
kilowatt
compared
condi¬
severe
a plastic compound, mar¬
"Nuplamold" which is used for the prepa¬
name
molds, for
Common
,
.
3 Mos.
Net
70,304,579,
most
UNFILLED
Agricultural National
also V,
the
under
-
.
60d cumul.
1, next, $10,000
Jan.-,,1, 1966, at
due
dividend will be mailed Dec. 14, 1946, to holders of
30, 1946, on the following basis: $1.50 per share on'
preferred stock, $6 dividend series, and $1.75 per share
lien preferred stock, $7 dividend series. Like amounts
March 15, June 16 and Sept. 16, this year.
1
PjRO
Jan,
life
Title of Class—
$
64,680
3,080
'
in that they do not mar, cut,
extremely tough and durable and
uses
are
service
CAPITALIZATION GIVING- EFFECT TO PRESENT FINANCING
the
on
and
New
5,000
•
flexible
mencing Jan. l,
pur¬
32,340
Co
Co.
other
exceptionally long
of
various
•
Nov,
paid
forth
2,500
complete hammer line of. its type in. the
are produced with tips made of
"Nuplaplastic material manufactured only by the
formula.
"Nupla" hammers have great ad¬
secret
of
;.'.*
.,•*;•
2412.
Nov.
on
Nov.
Distributions
stock
shares
set
7,556
-
,
organiza¬
California
,
m
1
-
of
stock
a
cleaner
■
Redemption—
the number of
as
increase
an
prior lien preferred
were
194,470
47,430
Goldman, Sachs & Co
...
sales
Southern
"Nupla" products in
others.
a
Association—Weekly Output—
1946,
9,
year.—V.. 164,. p.
the prior lien
on
the prior
Pecos
20,164
Corp
j:_
week
corresponding
Nov.
week ended Nov. 10, 1945,
record
Common
Company
Graham, Parsons Si Co
Kuhn, Loeb & Co.__;
Smith, Barney & Co
White, Weld & Co
the
applicable as follows:
three-quarters. of the amount of said dividend to the quarter ended'
Sept. 15, 1936, and one-quarter thereof to the quarter ended Dec. 15,
1936, being the first, quarters for which dividends are in arrears.
respectively.
number
common
Corp
Garrett-Bromfield
for
in
■
comparable
The
22,
Milling
and
17,
Company
The First Boston
items
most
unique
facture
.
con¬
3,080
Securities
kwh.
New England Public Service Co.—Declares Dividends
stock
common
Preferred
Boettcber and
for
products
such
of
NUPLAMOLD—Company manufactures
have
?
15 is reported at 150,651,000
24,027,000 cu. ft., or 18.97% above production
the corresponding week a year ago.—V. 164,
of
ft.
Association
fo* the
last
60,000 shs.
643,000 shs.
shown outstanding
[par $100]; 33,000
underwriters
preferred
the
increase
ended
The
Outstanding
of
the
a
,
(2)
sets,
,
15, this Association reports electric output
an
increase of 1,061,741 kwh., or 8.63%
No. of Shares Purchased
Webster
plastic
production
(.3) NUPLAWARE—Nuplaware is a modern distinctive plastic line of
eating and picnic ware designed and manufactured exclusively
by the
corporation.
It* includes such items as (1)*-tableware, (2) hor d'oeuvro
..
v
for
Period End. Sept. 30—
&
undertaken
were,
salable
and
materials, soaps,, wax,, metals and other similar materials.
*
below.
Stone
highly
These hammers
under
an
ration
f"
330,986
fron} the selling stockholders the respective
cumulative
is
12,302,535
company
The
of
May
on
Nov.
This
of
its
week
C
common
capitalization
60,000:shs,
company
preferred
of
kwh.
New England Power
stock
common
authorized
'"763,000 shs.
business
$1,028,055
-
_
be
conversion of
purchases
consummated
chase
conversions
of
field
■
damage delicate surfaees but
(4)
*.''>*/■'.
the
Division
442,489
$1,061,284
taxes
has called fov redemption on
outstanding 25-year 3%-6% debentures
100 and interest. Payment will be made at The
Bank of Pittsfield, trustee, Pittsfield, Mass. See
a partnership, of certain of the alfalfa
milling
properties, -assets and business of said partnership.
These
of 5%
'
,
is
keted under the trade
England Gas & Electric Association—Output—
an
The
Valley Alfalfa Mill Co.,
were
ft.,
of
$100),
and
127,890
ago.
t
the
Company
121,512
422,458
income
p. .2550.
the
Products
- '
,
tions.
$1,598,433
with
reserved
4(4%
(par
$1,605,255
i
from
to
which
have
36,799
in
and 300,000 common shares, (par f.l)
purchase group for cash at par
(aggregating
$6,600,000), and the proceeds were used by the
company, to the extent
required, for the purchase from Ralston Purina Co. of certain of
properties,
lines
commercial
directly the New York and
export company represents the
An
areas.
company
or
$1,561,635
41,064
of: 126,624,000' cu.
'
vertible
707,108
$1,564,191
!__
13,36*4,276
cu.
Arizona, Cali¬
Mexico, Oklahoma,
Thereupon the
$1)______
(par
120,000
775,368
!
income
Gas. output
the
—,—
J All of the stock of the
was
certain
vantages for industrial and
164, p. 1726.
year
owns
follows:
as
$50)
568,807
>" 641,105
(net)
above .production
in
Authorized
pfd.
Warrants..;
1946
is
784,267
Flex"
3,147,635
plant & equipment—
New England Lime Co,—^Partial
the terms
altered,
w.
„
cumul.
warrants
Cdmmon stock
of
(1) HAMMER DIVISION—Company manufacturers a line of
"Nupla"
face type made ir. 80 different sizes and
weights and
$6,626,293
income
For the week ended
of
..
of
stock, was increased to 763,000 shares.
5%
the
Current activities of- the!
company are hJ ghly integrated and divide !
themselves into four general divisions:.
! // / <
//
3,502,728
_
income
New
of
company
Dela¬
of
company took immediate steps to shift
but
well-balanced
peacetime
basis.
equipment
pression and injection presses,
CAPITALIZATION—Effective Nov. ie, 1946, the certificate of incor¬
poration of the company was amended
whereby each share of 4
cumulative preferred stock ($100) was
changed into two shares of 5%
of-the
in
corporation
promptly as possible.
has developed its own distribution and
United States.
1945
"
$7,066,402
income
Federal
company,
were
Floyd
Lamar, Colo.; Bosworth, Chanute,
Loughridge & Co.,
investment bankers, of Denver, Colo.; and
Stone & Webster Securities
Corp.,; investment bankers, New York.
Wilson,
of prop.,
deductions
Other
in
Nebraska, New
largest producer of ahalfa meal
the
.
.
.
instrumental
points
Missouri,
It
.
Those
M.
incorporated
Was
California
a
in
services
considered
439,845
taxes
Other income
purchase
which
strategic
United
the
war
diversified
and
and
foreign markets.
.
operates 34 mills in 12 states.
Fourteen of the mills are located
the Arkansas River
Valley in southeastern Colorado and western
and the balance at other
and
1946
____
retire,
for
Net
ami
Idaho,
to
as
company
which
market
& Edison Light Co.—Earnings—
operating revenues
Operating expenses
2—.—;
Total
the
Gas
Sept. 30—
Total
4,
Kansas
fornia,
«•.
successor
incorporated
a
industrial
commenced
tion
Spokane, Wasfe—Files
to
tooling
manufacture
the
was
-
BUSINESS—Company,
(organized
Tennessee
in
fTJ'r]":
Bedford
New
.
in
SEC—
12 Mos. End.
1946, was organized primarily for the purpose of
manufacturing, storing, selling and dealing in alfalfa
meal, a basic
ingredient providing many essential nutritive elements in mixed feeds
for poultry
and livestock.
It
has
acquired
certain
alfalfa
milling
properties, assets and businesses of the Denver Alfalfa
Milling and
Products Company Division
(originally organized, as an independent
company, in 1908)
of Ralston Purina
Co., and Pecos Valley Alfalfa
MHI Co.
the
$0.08
164, p. 1726.
Stewart Mining: Co.,
<
>
as
close of the
operations
Engineering,
71,899
,
1946
hammers of soft
being sold.
are
its
$1,411,236
658,526
$0.71
,
common
May, 1940.
The company was
organized to engage in the development, manufacture, and fabrication
of plastic and chemical
products.
During the war years the company's
activities extended into the
following fields: Molding, post forming,#
plastic fabrication and metal machining.
...
revert
COMPANY
'
60.04
•<
originally
The: company onNov. 13, filed a letted of notification with the SEC
110,000 shares of common. Offering price, W/nt a share. Proceeds
win be used to develop mining claims.
Issue not underwritten.
group
which organized the
company and for whom the securi¬
•
name
for
when materials
Alfalfa Dehydrating & Milling Co.—Stocks
Offered—Public offering of 58,860 shares of
5% cumu¬
lative preferred stock
($50 par) and 505.220 shares of
common stock
($1 par) was made Nov. 19 by a
group
of investment bankers
headed jointly by Stone & Web¬
ster Securities Corp. and
Bosworth, Sullivan & Co. The
preferred stock was priced at $50 per share with com¬
mon stock warrants
attached, and the common stock was
priced at $9 per share.
Proceeds from the sale of the
will
same
$1.36
$2,132,797
Idea
New
"
BUSINESS—Corporation
609,052
The
Nevada
out-
^.National
stock
chgs._
share—$0.21
per
')
AND
16,
1946—9 Mos.—1945
$515,313
36,433
'
•
Sept.
triple
addition, the Nash
1947
profit after
$742,363.
,) 192,691
outstanding
■ .•!
*0/'
Agent, United States Corporation Co.; Registrar, Registrar
After the
1946—3 Mos.—1945
.
the
of
Corp.—Preferred Stock Offered—Grimm
ware
Subs.)—Earnings—
revenue
•Earned
1330.
p.
Transfer
& Transfer Co.
402
l,415,363f
—
thla
between
at $9.75 per share.
155,374
$1.51
•Before Federal taxes.—V.
announced
ago
double
•Net
working
corporation's
the
expanded business.
the hght
!_
agreement
an
Co., New York, on Nov. 18 offered 30,000 shares of
600 cumulative convertible preferred stock (par $2.25)
$847,301
Sv $2,185,784
_______
Period End. Sept. 30—
with prewar levels, and virtually has
completed
expansion," Mr. Mason said.
"The new working
such
be
a
and
New Plastic
39,370
-
approved
&
2,708,700
133,105
;:!M 6.771V
19
Avco already owned 89.9%
Stock.—V. 164, p. 2289.
$3,931,454
180,306
„
outstanding
Earnings per common share
—V. 164, p. 2411.
>
Gross
manufacturing
than
more
production
$4,329,045
——
Nov.
on
>
.
further expansion
»ne-ana
:,
$3,241,239
690,214
—
Inc.—Consolidation Approved-—
stockholders
HISTORY
^ Insurance Co. of America
interest
;
1945
$3,422,236
0 906,809
———
charges
Consolidated
-Nash-Kelvinator Corp.—Private
Financing—Arrangement
at
New Idea,
The
company and The Aviation Corp.
providing for the acquisition by the
latter of all the
property and assets of New Idea and the issuance
by Avco of shares of Avco common stock which are to be
distributed
to New Idea stockholders in the
ratio of 3Va shares of Avco common
stock for each one share of New Idea
common stock.
$1,349,409
and surplus.
by this corporation for
2695
$50
..J.
J
1946
Shares
9wU
stock,
$19,486,644 $14,649,453
„..Z—16,064,407 11,408,213
_
Minority interest
;
i
v
(& Subs.)—Earnings—
operations.
income
Miscellaneous
•^val164Cepf°i79°mm°n dividends
preferred
Interest expense
143,266
Provision for Federal income
taxes—1,796,395
Amortization of intangibles————
63,722
303,762
:
cumulative
'
expenses..
from
income
Total
1,653,171
stock.
3%
...
t
revenues
Income
1,317*781
•1,907,402
Balance before dividends
Dividends declared on cumu.
fc
1946, to holders of record Nov. 18, 1946.-~
795,221
698,442
the
on
1,
•
Months Ended Sept. 30—
Operating
Operating
1,209,386
3,221,585
income
on
share
per
payable Dec.
National City Lines, Inc.
1,075,460
934,577
1,281,430
cents
vame;
164, p. 2549.
,f.
5,578,822
1,044,976
———————
Federallncome'ZZZZZZZZZZI
and
V.
$13,257,504 $12,256,396
'**-
Provision for Federal taxes
interest
6214
par
1945
.
$12,209,269
80,915.
47,126
__
rr«?ailan^e before
Total
of
1946
$13,176,588
Other income
Operating costs
Maintenance
""""""""
Depreciation ___ZZZZZZZZ~:
Taxes, other than
r *«•
f-
,THE COMMERCIAL" & FINANCIAL' CHRONICLE
Narragansett Electric
Co.—Earnings—
0Mos.End.Sept.30—
?'-V
/"
Gross
*-
\w
'
par)
for dividendson
—
Diyidends paid per
quarter of 1944
$1,102,042
$1,083,255
$0.56
$0.56
$0.50
$0.50
1,960,000 shs.
—
share
in
North American Elevators Ltd.—Calls
$1,291,766
$0.66
third
$0.50
•After costs, taxes, depreciation and depletion, and other operating
expenses.*—V. 164, p. 1875.
6V2% Bonds—
has called for redemption on Jan. 1, next, all of
first mortgage (leasehold) 20-year sinking fund
gold bonds, series A, at 101 and interest. Payment will be made at
The Bank of Montreal in Montreal or Toronto, Canada, or in London
The
...
corporation
its'outstanding 6>/2%
England,
p.
or
at the agency
of said bank in New York, N. Y.—V.
1536.'•'
158,
of
1946
able
30
snare on toe $5 par value common stocK,
to holders of record Dec. 5. This compares with 15
on
pay¬
final
for
dividend
per
cents
1945, and 15 cents on July
17,
11.
164, p.
Pacific Ry.
Northern
a
last, 25 cents on Dec.
July 9.
3, 1945.—-V.
4
year
declared
14
Nov.
on
ceius
17
Dec.
paid
the
directors
Equipment Trusts Offered—
—
Halsey, Stuart & Co. Inc. and associates won the award
stockholders has been called for Dec. 12 to
directors to increase the authorized capital
stock from the present 3,000,000 shares (2,661,204 shares outstanding)
to 4,000,000 shares, par $12.50.
:
•
William Levis, Chairman of the board, in letter to the stockholders
states the proposal is made "with a view to the futurd when it may
be desirable to issue shares to expand operations, acquire additional
assets
increase
working capital or for other corporate purposes."
special meeting of the
vote on a proposal of the
$6,880,000 1%% serial equipment trust cer¬
tificates, and immediately re-offered them, subject to
Interstate Commerce Commission approval, at prices to
yield from 1.15% to 2.125%, according to maturity. The
certificates mature $688,000 annually from Dec. 10, 1947
to 1956, inclusive, and are being issued under the Phila¬
delphia Plan.
Associated with Halsey, Stuart & Co. Inc. in the
offering are: Hallgarten & Co.; Hornblower & Weeks;
Otis & Co. (Inc.); R. W. Pressprich & Co.; L. F. Roths¬
child & Co.; Harris, Hall & Co. (Inc.); First of Michigan
'Corp.; The Illinois Co.; Putnam & Co.; Julien Collins &
Co.; The Milwaukee Co.; Mullaney, Ross & Co.; Bacon,
Whipple & Co.; The First Cleveland Corp.; Kebbon, MeCormick & Co.; Mason, Moran & Co.; McMaster Hutch¬
inson & Co.; E. W. & R. C. Miller & Co.; Alfred O'Gara
& Co.; Schwabacher & Co.; Singer, Deane & Scribner;
Thomas & Co.; and F. S. Yantis & Co., Inc.
The certificates were awarded on a bid of 98.718.
Salomon Bros. & Hutzler bid 99.85 for 2s and First Na¬
•
tional Bank of New York bid 99.85 for 2s.
The
certificates
guaranteed
unconditionally
he
will
to payment
as
principal and dividends by endorsement by the company. The cer¬
tificates will be issued to provide for not exceeding 80% of the cost
of
new
standard
*8,632,579.—V.
guage
164,
p.
equipment
2412.
estimated
cost not
to
than
less
(Del.)—Weekly Output—
Electric
week ended Nov.
output of this company for the
totaled
53,310,000 kwh,, as compared with 48,070,000
corresponding week last year, an increase of 10.9%.—V.
'■0i: V.v> 'ty t
*• '
:•*" • "•
16, 1946,
lor the
kwh.
164, p. 2550.
.
Co., Inc., Chicago, on Nov. 20 offered to the public
60,000 common shares ($1 par) at $5 per share.
Transfer agent, Harris Trust & Savings Bank, Chicago.
Registrar,
Continental Illinois National Bank & Trust Co., Chicago.
HISTORY AND BUSINESS—Corporation is engaged in the manu¬
facture of many types and sizes of radio speakers, communication loud
speakers and sound reproducing equipment for sale to radio manufac¬
turers.
inter-communication and sound recording and reproducing
Airlines'
mail
22.9% In the first month of the
new low-priced service,
P. R. Erickson, Manager of air mail and ex¬
press for the airline, disclosed.
Northwest's mail loads were carried at an estimated 372,574,147
loads
up
pound miles in October in comparison with 287,505,031 in the previous
Air mail revenue is figured in terms of pound miles, the dis¬
month.
tance a pound of mail is carried.—V.
164, p. 2290.
Northwestern Bell Telephone Co.—Earnings—
Period End. Sept.
30^-
$
$
Uncollectible
oper.
1946—9 Mos.—1945
1946—Month—1945
Operatinp revenues
6,083,099
If, 10,979
53,015,176
7,188
74,800
57,602
6,072,120
rev,-
5,257,555
46,398,697
organized in Illinois March 30, 1946, by Noma
Electric Corp.
On April 1, 1946, it entered into an agreement with
Noma Electric Corp. to purchase certain fixed assets, inventory, pur¬
chase orders and an obligation of a supplied of Oxford-Tartak Radio
Corp. a company which had been engaged in the design, development,
manufacture and sale of loud speakers and associated acoustical re¬
production equipment since 1933.
Noma Electric Corp. had purchased
all of these assets on March 22, 1946, from Oxford-Tartak Radio Corp.
Corporation
Operating
—
5,250,367
3,420,839
1,233,440
52,940,376
40,625,325
6,853,212
expenses
Operating
Net
■
operating income
30,047,859
10,770,398
445,573
5,461,839
5,522,838
425,967
after charges—
596,088
569,423
5,315,354
5,150,375
164, p. 2412.
company
Corp.'s
Electric
the company.
fabrication
the
of
exception
the
manufacturers with materials, tools
outside
the company.
deep drawing
welding, coil
spraying and
approximately $2,500,000.
and purchase component inventory are well balanced
currently to support a sales volume of $200,000 per month and in no
instance does the company have less than four suppliers in relation
to each individually purchased item.
The company has over 80 customers in the radio receiver, inter¬
communication and sound recording and reproducing industries, sales
to the largest customer for the five-month period ended Aug. 31, 1946,
being less than 17% of the company's total sales.
Sates to the 10
largest customers for the same period constituted 61% of the com¬
pany's total sales.
,
materials
Authorized
Common shares
($1 par value)
400,000 shs.
Outstanding
235,000 shs.
will receive $261,000 before expenses if all the 60,000
common shares
are sold.
Of this amount, $201,000, representing the
excess
of the sale price over the par value of the 60,000 shares, will
company
be credited
of the
to
capital surplus
and $60,000,
representing the par value
Royal Bank of Canada
the holder's option.—V.
Canada
in
(Yukon Territory excepted),
Period End. Sept. 30—
$
Operating
oper.
$
$
$
109,473
128
1,171,932
1,231
109,345
1,170,701
72,513
192,614
170,232
—
:
957,254
Purchase
corporate
of
machine tools
&
$100,000
21,000
testing equip.
21,397
of sales
599,263
52,250
expenses
7,986
2,863
15,435
179,391
:
9,990
117,827
100,409
$113,811
—
note
payabte
•
658
Provision for Federal taxes
—
income
on
43,000
.
Profit
Period End. Sept. 30—
$70,153
1946—Month—1945
1946—9 Mos.—1945
$
Uncollectible oper.
Operating revenues
Operating expenses
Operating taxes
63,512,156
58,434,657
13,539
f 145,635
87,907
63,366,521
42,936,986
10,167,375
35,221,210
1,520,174
1,094,298
814,667
10,262,160
10,140,004
7,549,138
.7,311,972
Per
15,576,402
790,511
of
Bond
made
Ohio Oil Co.
Sates
(&
1946
3,922,074
3,089,978
taxes
$377,483
1944
Net
1943
Cement
for
4,559
1943
be
and
$124,531
45,676
other
adjustments
$198,750
31,937
received
$18,918,603 $17,379,223 $16,678,271 $16,114,448
1,293,137
888,976
850,988
1,157,639
p.her Income -—1—
shortly.
Black Diamond
(2)
renegotiations
Interest
1——_ $20,211,740 $18,208,199 $17,529,259
$17,272,087
151,157
150,602
Other charges
2,746,407
?rov. for Fed. inc. tax.
4,267,212
—
2,468,412
169,015
2.514,834
168,579
1.817,420
4,184,192
2,883,132
4,681,336
■V\ v\v.;
Net
profit
Preferred
Common
inventory has increased by about $8,000,of the pictures comprising
rise in costs of both labor and materials,
and includes an estimated amount of unpaid retroactive labor salary
adjustments at the Studio.
This increase in inventory has absorbed
cash in a corresponding amount.
Likewise, cash in the amount of
approximately $5,000,000 has been applied this year to the payment
of practically all remaining fixed debt.
While cash has increased sub¬
stantially during the year, it is essential that cash reserves be estab¬
lished and maintained
at an
adequate level, because such reservesenable us to follow sound, consistent financial policies, to maintain
continuity in dividend payments, as well as to finance desirable ex¬
pansions of the company's foreign operations and to select the most
effective and economical means of conforming the company's theater
operations to the requirements of the decree in the pending anti-trust
Since the first of the
This
000.
$9,765,276
$8,183,305
par)
6,563,377
6,563,377
share...'.
$1.93
$1.75
.
—
fctk.
com.
Earnings
3,28ljii7
3,281,683
1,640,844
per
(no
$8,680,596
received, and similar advice for 1945 should
..
..
»
'
6,563,377
$1,60
CONSOLIDATED BALANCE SHEET, SEPT. 30. 1946
ASSETS—-Cash, $26,148,953: U.
$11,772,612;
and
,
?t
Kf $142°034 654
S.
Treasury notes,
cost
other
(after
assets,
recerves
for
163
notes
435,868 >( $8P'23<?'59P; deferred charges,
accrued
taxes
$855,959;
and
in*
(estimated), $5,965,019;
payabte, due serially Feb. 11, 1948-1951, int. at 1%%,
$8,000,000
JST? 1°/
V
$10,904,000:
inventories, at cost,
$4,762,714; property; plant
depletion, depreciation and
LMBILITIES—Accounts
payabte, $4,747,390;
terest, $1,277,718; Federal taxes cn income
ufns
12 Months Ended
tfil
2996
contingencies, $1,000,000; deferred liabilities, $239,no Par>. $59,235,791; capital sur-
(6'b62'3T1 sh,ares'
eam
surplus< $53,086,443; total, $142,034,654.—
i946
Sept. 30—
operating revenue
:
1945
$
163,805,213 159,017,301
and admin, exps. and prov. for
casualties, uncollectible accounts
oper.
insurance,
and pensions
Provision
for
25,419,056
this
connection,
37,676,629
65,916,834
and
amortization—..
Federal taxes
on
•
TJF,
operating
Miscellaneous
442,715
"Special
10,201,948
income
income
Dividends
i
transferred
to
preferred stock
on
on
Balance
Earned
per
common
—
common
.
__
us#25,423,829
22,032,827
w.
surplus
$.430,855
8,422,103
16,992,974
12,522,548
13,610,724
12,522,548
4,470,426
$2.71
1,088,176
$2.17
stock
J----I;. I;
share—,
12,429,152
11,545,419
5,881,532
Balance applicable to common stocks
Dividends
46,007,398
41,064,594
____
charges
45,692,214
315,184
41,507,309
revenues-
income
Bond int. and disct. and other inc. deductions—
Net
policy
a
acquisition cf the common
of
:
:
t
•
.
.
stock of
corporation has been approved by the board.
The board has not
a definite number of shares to be acquired, nor lias it set a price,
a time either as a
commencement or a termination date, for their
or
if, general circumstances, including such fac¬
the con¬
will be
acquired from time to time.
Any shares acquired will be available for
corporate purposes.
Purchases which may be made will be made under
the direct supervision of the board of directors.—V. 164, p. 2551.
acquisition.
tors
When, and
the market price of the company's common stock and
the company,
are
favorable to purchases, shares
as
dition
of
On
Nov.
Year-End Dividend—
•
directors declared a dividend of $2.25 per share
on the common stock,
payable Dec. 14 to holders of record Nov. 29.
Payments of 75 cents each were made on March 14, June 14 ana
Sept. 14, last, and in each quarter during 1945.
the
19,
Plans Two-for-One Stock
stockholders
will- vote
Split-Up—f!
:'f
|
March
25,
1947 on approving a
proposal that each of the 369,000 outstanding shares of common stock
of the corporation, constituting its only outstanding stock, should be '
split into two shares of common stock so that each stockholder at
one
time
such
split-up
on
becomes
additional share for each
on
effective
share
Feb.
be
will
-
receive
to
.
The board of directors
held.
then
entitled
19, 1947 as the record date for the
164, p. 2447.
Corp.—Declares 25-Cent Dividend—
payable Dec. 9 to stockholders of record Nov^
21, which compares with the previous dividend of 50 cents per share-,
paid on Dec. 10, 1945, 25 cents thereof being from ordinary income
and 25 cents from accumulated profits realized from the sales of
securities.—V. 164, pp. 2057 and 958.
income,
ordinary
Pennsylvania Salt Mfg. Co.—New Director—
Charles B.
Vice President and
Grace,
Treasurer of the Heintz Mfg.
Philadelphia, Pa., and a director of the Girard Trust Co. of
has been elected a member of the board of directors of
Pennsylvania Salt Mfg. Co.—V. 164, p. 1912.
of
Philadelphia,
Peoples Drug Stores, Inc.—October Sales Up 20%—
1943—Month—1945
1946—10 Mos.—1945
$3,144,719 $35,135,254 $28,526,279
Period End. Oct. 31—
,
$3,773,507
Sales
1946, had 134 stores in operation as against
month last year.—V. 164, p. 2551.
The company in October,
130 in the same
/•;
.
,
"Equivalent to reductions in Federal taxes
bond refunding operations, etc.
on
income arising from
Pfizer & Co., Inc.—Extra Dividend of $1.25—
(Chas.)
directors
on
Nov.
14
declared
a
regular
quarterly dividend of
share and an extra dividend of $1.25 per share on the
stock, both payabte Dec. 5 to holders of record Nov. 20. Pre¬
cents per
common
this
viously
following distributions were made: March 7,
and Sept. 5, 50 cents regular and 70 cent*
the
year,
June 5, 50 cents;
25 cents;
extra.—V.
164, p. 2448.
Philadelphia Electric Co.—Weekly Output—
54,739,608
20,908,850
income31,404,729
—
depreciation
(including
'
Net
improved quality
a
.
In
50
\
Gross
Gross
receivable, and reserve, $7,352,826;
less
investments
equipment,
notes
Pacific Gas & Electric Co.—Earnings—
$8,878,351
6,563,377
$1.82
;
year,
the
to
well as to
as
suit.
the
due
is
inventory,
—
Mine was abandoned Aug, 1. 1946 with ap¬
write-off of $150,000, booking of which has been deferred
quarter pending further disposition of salvage.—V. 164,
P.;,:1876.--' •'
-
Taxes
Surplus
Shs.
85,559
3,281,688
Nov.
last
Maint.
$13,046,964 $11,464,993 $11,962,277 $10,604,753
..—
dividends
dividends
Acquisition
of Common Stock—Barney Balaban, President, on
9 stated in part as follows:
The
Total income
with SEC—
14 filed a letter of notification with the SEC
10,000 shares of common on behalf of Barnette E. Moses, a VicePresident of the company. Offering price, $1.50 a share. Proceeds go
to the selling stockholder.
Issue not underwritten.—V. 163, p. 2731.
for the years 1942,
proximate
until
derating profit
been
60.9c
Palmetex Corp., Pinellas Park, Fla.—Files
$230,687
"
period
has
1944
648,700
66.2c
tin
The company on Nov.
2,679
$170,207
and
Advice of cancellation of
(1)
of
for
—
Note
9 Mos.
363,400
.
pound
per
figures given above do not include the cost of repairing war
damages, which totalled $79,000 for the third quarter and $270,000
for the first
nine months of
1946, or adjustments in the income
account relating to war loss recoveries.—V. 164, p. 2157.
128,500
Corp
adjustments
other
results
received
The
Co.
surplus
$0.11
3 Mos.
Average price
47,554
19,648
income
on
i'
1945
——$65,537,427 $62,746,572 $59,460,477 $56,288,160
tests and expenses—__
36,537,019
34,123,482
32,614,587
29 603,748
Ordinary taxes —2,442,156
2,401,293
2,263,001
2,520,153
Depreciation
; 6,246,722
6,680,461
5,910,877
6,317,471
Depletion
1,392,927
2,159,113
1,993,741
1,732,340
•
$3,467,461
$148,738
Minority share Pacific Coast
before
$120,000
$0.09
and depletion)—
On Nov. 13, the directors declared a dividend of 25 cents per share
$4,070,812
interest—net
Federal
Surplus and
Subs.)—Earnings—
Sept. 30—
other
for
$190,000
70,000
corporation and its subsidiaries in the third
by the
Pound of metallic tin sold
from
I -si
from operations
and
$132,000
36,000
quarter of 1946, and in the first nine months of 1946, were as follows;
1945
and
goods
Profit
9 Mos.
3 Mos.
$96,000
(after depreciation
sales
Pennroad
1946
merchandise
other
operations
sold, operating expenses,
depreciation, depletion and taxes-.
Cost
Profit
9 Mos. End.
Sept. 30—
and
from
(& Subs.)—Earnings—
income
share
Tin
(& Subs.)—Earnings—
products
Provision
1,094,252
——
of
revenues
58,346,750
4,016 581
1,088,474
operating income
Net after charges
—rV. 164, p. 2412.
6,351,422
5,136,429
Net
9 Mos. End.
Sales
7,319,201
—
—
—
-
6,364,961
19,282
r©»-._
$
7,338.483
revenues
16,198,171
income and
relating to war loss recoveries
Depreciation and depletion
fixed the close of business
164, p. 2557.
Pacific Coast Co.
v
Operating
10,373,249
expense
meeting.—V.
Ohio Bell Telephone Co.—Earnings—
|
f
8,550,737
15,474,955
Pacific Tin Consolidated Corp.
the
—V.
1,019,754
3,508,782
886,058
3,730,683
operating income
Period Ended Sept. 30,1946-^Net income excluding items of
240
•
151,365
i
12,007,807 113,537,372 107,058,199
8,224,309
95,699,841
72,036,757
2,763,744
9,286,794 24,648,194
164, p. 2412.
The
on
—
after charges
$113,572
income
Total income
Interest
12,692,737
11,000,085
806,596
rev._
Penick & Ford, Ltd., Inc.—$2.25
$765,085
Profit from operations
572,242
232,490
Net
—V.
INCOME, FIVE MONTHS ENDED AUG. 31, 1946
sales
Operating
oper.
Operating revenues
Operating expenses
operating taxes
$
130,000
purposes
956,097
4
841,288
150,022
operating income
Net after charges
—V. 164, p. 2412.
installation
and
general
Cost
1,157
'I 14,396
Operating taxesv----
used
be
Payment of note held by Harris Trust and Savings Bank
Other
revenues
Operating expenses
Net
will
follows:
Net
1946—9 Mos.—1949
126
rev—
sale
as
are
STATEMENT OF
Co.—Earnings—
192,740
will receive approximately $251,000 net if all
sold.
It Is expected that the proceeds from the
in the estimated amounts and in the order stated,
60,000 shares
For
1946—Month—1945
revenues
Uncollectible
at
162, p. 2518.
Ohio Associated Telephone
Operating
the
outstanding first mortgage 4% sinking fund bonds, series
1, 1966, have been called for redemption on Dec. 18,
and interest. Payment will be made at any branch of
A, due Jan.
next, at 103
Uncollectible
$
12,043,894 113,935,781 107,322,979
36,087
398,409
264,780
fixed
PURPOSE—Company
Bonds—
1946—9 Mos.—1945
$
12,736,460
43,723
Paramount Pictures, Inc.—Directors Favor
of purchase requisi¬
of Sept. 15, 1946,
amounted to
The
;
the largest independent manufacturers in the
is one of
speaker industry.
The company's backlog of orders in the form
tions
pursuant
to customer's
specifications as
Raw
1946, only
a--
bonds at the
and American
2551.
Earnings—
Co
1946—Month—1945
Operating revenues
of certain metal parts by
and dies furnished by the
all manufacturing operations are performed by
These operations consist primarily of punch pressing and
of
metals,
machine fabrication of metal parts, spot
winding, sub and general assembly of component parts,
painting.
oj the 60,000 shares, wi,Jl be credited to the capital stock account.
Northwestern Utilities Ltd.—Calls 4%
Period End. Sept. 30—
Net
purchased these assets from Noma Electric Corp. at
cost price of $279,103 and paid for them by
delivering 125,000 of the company's common shares (par $1) at the
rate of $2 per share and the company's non-interest bearing demand
note of $29,103, which was subsequently paid.
Noma Electric Corp.
also purchased an additional 50,000 of the company's common shares
at rate of $2 per share to supply the initial'working capital of the
business.
Noma Electric Corp. subsequently sold its entire holdings
of 175,000 common shares for $425,000 and has no present interest in
The
Noma
*
The
permanent bonds shall be a delivery.
Temporary bonds may be exchanged for permanent
City Bank Farmers Trust Co., New York,
N. Y.,
Trust Co., San Francisco, Calif., trustees.—V. 164, p.
for $279,103.
46,341,095
4,964,933
661,614
with
or
27,
was
CAPITALIZATION, GIVING EFFECT TO PRESENT FINANCING
Operating revenues
1946, may be made either with
permanent bonds; that beginning Nov. 29,
Nov,
Net
jobbers.
manufacturers and
Corporation
sent
Reduction In air mail postage rates from 8 to 5 cents an ounce
Northwest
All
bonds
refunding mortgage bonds,
Pacific Telephone & Telegraph
Northwest Airlines, Inc.—Mail Loads Carried—
—V.
including
Corp,—Stock Offered—Floyd D. Cerf
Radio
company,
Net
and
and
2157.
164, p.
Oxford
With
Northern States Power Co.
'■'f'
first
.
—V.
15 directed that deliveries of
series N (3%), due 1977, up to
temporary
The New York Stock Exchange on Nov.
A
19 of
Nov.
of
Form of Bond—
Owens-Illinois Glass Co.—Plans Stock Increase—
Inc.—Final Dividend—
Central Texas Oil Co.,
North
The
Monday, November 25, 1946T/
CHRONICLE
JTHE COMMERCIAL' & FINANCIAL
2696
The
week
of
V.
felectric
ended
164,
output
Nov.
of this company and its subsidiaries for the
amounted to 135,240,000 kwh., an increase
7.3%, over the corresponding week of 1945.— ^
1946,
16,
kwh.,
9,151,000
or
2448.
p.
-.a.;*:--;'
•
.
•
.........
•
v.-
Phillips Petroleum Co.—Posts Increased PricesFrank
Phillips,
announced
increased
Texas
that
its
Chairman, and K. S. Adams, President, on Nov. 19
7:00 a.m. Nov. 15, 1946, the company has;
effective
oil
crude
Panhandle
by
10
price
postings
in Oklahoma,
cents per barrel'
Kansas,
and the
;
-..l*-.
price of $1.70 per barrel for crude oil
of 40 degrees and higher gravity with 2 cents per barrel less for eacli
degree of gravity lower than 40 degrees. ' v'"1* ■
*
The effect of this price increase is to place all sales of crude oil«
to Phillips in the areas affected on a posted market price entirely ,
instead of partly on a posted market price and partly on a basis
of subsidies.—T. 164, p. 2448.
The
new
schedule provides
a
(Continued on page 2733)
*
Record
<o>
DAILY RANGE OF PRICES
WEEKLY VOLUME OF TRADING
YEARLY RANGE OF SALE PRICES
FOR EVERT LISTED ISSUE
LOW AND HIGH SALE PRICES
Saturday
.
Tuesday
Nov. 20
Nov. 18
$ per share
$ per share
Thursday
Friday
-
Nov. 21
$ per share
t per share
>
STOCKS"
Wednesday
Nov. 19
Monday
Nov. 16
Sales for
Nov. 22
$ per share
$ per share
/.
„■
■
.EXCHANGE
.
/./v
Shares
*
Lowest:;:///
Par
per share
"
*72
75
*103
109
'7, 8%.
/•
73
8%
*42%
*15%
*48
50
29
-
,
15%
'
*9%
'■•J-'
»'
49%
48
29
28%
9%
'
97
4
*95%
3%
36%
58
58
45%
*56
,45%
*99
102
20%
162
162
161
*99
20
20
20
33
*32%
35
32%
343/8
35%
*100
102
19%
32%
34
•100
33%
34%
33%
95%
94
31%
*29
.
7%
*97%
21
20%
32%
20
160 3/8
159
20
800
160%
193/4
18%
31%
303/s
31
33%
7%
33
52
68
*473/4
101%
32%
32%
31%
32%
30%
99%
31%
93%
94 y4
7933/8
933/4
92%
.93%;
30%
30
,30
30%
*30
30
'
7 Ye
7%
'30%
7
7%
7%
;■
6%
i
68%
67%
66
67%
52
♦47
52
67
66%
"*46%
66
67
52
vi
5,500
66%
66
•
66
37%
-
37%
2,300
,
.
f
40%
41%
9 3/4
*41
10
52
9%
93/4
63%
*29
79
*79
14
40
28%
*40 %
39%
*130
6%
87%
87%
863/4
193
48
108
*23%
383/4
-
•130
88
193%
85%
193
193%
47
393/4
9%
9
s
9%
57%
273/4
79
79
13%
38
13
13%
87
-
1,300
-No par
7
105
104
105
104
23%
233/4
223/4
233/a
223/a
22%
21%
108%
♦108%
108%
108%
108%
•108%
133
133%
133%
19
18%
19%
133
132%
133
133
19
18%
19
19
23
23%
23%
*100%
102
*101
*461/4
47
46
22%
101
443/4
463/4*
*22 %
22%
100%
102
45
22%
22%
100
99
104
s
*97%
18%
22
22%
18%
9
;
9
Cot.
__100
Corp
&
American
.42%
443/4
41%
433/4
2,300
*53/4
6%
53/4
53/4
*53/4
6%
600
*14%
15%
*14%
15%
100
189
-
—No par.
Jan
56
Jaifcw
22%
Jan
81"
Jan..."
37
'
Amer
...10
..100
18
10
Jan
28
*
'
-■'^40% Jun
n
s
-
,64% Apr 18
Sep 11
1
•
Nov 22
96% Oct
9
12% May 28
132% Mar 20
?
,104%
!
53/4
6'/a
16
*14%
*18 %
18%
18%
6%
6%
106 %
106%
6
16
*14%
6%
"
53/4
14%
18%
173/4
6%
•
108
106%
6%
18 %
21%
223/8
213/4
94%
95%
953/4
96%
40
40
40
40
8%
8
7%
49 Va
49'A
343/4
10
111
*12
9%
111
*107
11%
'*35
/•
.-11% . DM'-
i'.- -
71
Jtee
O
Dec
...
x41
Oct
41%
f
10% Aug
89%
Feb
12
12
*12
25%
24%
114%
•112%
9%
95%
95%
*92%
40%
40%
40%
40%
900
American
Hawaiian
6%
6®/8
6%
4,800
American
Hide
49%
50%
300
32%
9%
9
33
33%
12
107
10
12
*11%
5,900
95
$7 2d preferred A
$6 preferred
1,000
33%
9%
*107
10 %
900
21%
*.>136
" Jan
127
6%
5,800
4,600
9%
27
Jan
110
Jan
14
112% Mar
Apr 22
13% Jan
29y« Nov
32% Jan 28
18% Jan
27%
Deo
67
Deo
34 %
20% Sep 20
99
Nov 20
108 •/ Jun
42
Nov. 16
149
30% Jan
8% Jan
23% Jun
6
10% Jan
17% Nov 21
28% Aug : 8
5% Oct 10
100
Sep 10
18
Oct 10
14% Jan *29
*2%
129% May 15
44% Apr 15
96
Jan
20%
Jan
American Ice
non-cum
preferred
Internat
Corp,
12%
400
American
Invest
24
22%
23%
14,200
American
Locomotive
*112%
114%
.
25%
26%
26%
*99
*99
27
25%
*98%
143/4
13%
26%
*145
26%
146
13%
27
146
13%
1 per share
100%
13%
133/4
*145
Nov. 21
14%
100%
13%
Thursday
Nov. 20
26%
13%
13%
26%
13%
100
123/4
263/8
145
27
146
133/4
25%
*98
145
25%
26"%
145
38
*36
13%
113
113
12 3,4
13
112% 1123/4
111
104%
105
104
104
103%
12%
111%
103%
13%
*173%
14
13%
*173%
Xl3%
13%
175
1743/4
*173%
1743/4
32%
333%
32%
*36%
13%
13%
13%
33%
104%
*377/a
*173% 1743/4
34%
333/4
105%
33
105
105
38
12%
104
37
37
26
253/4
37%
99
123/4
123/4
24
25%
*145
12%
13
37%
*36
253/8
37%
113/4
123/a
11%
110%
111%
109%
103%
102
103
100%
13
2,100
-
2,400
26,200
13%
2%
13%
*173% 1743/4
*1733/4
1743/4
31%
32%
28,500
1033/4 104
14%
14%
270
313/4
32%
104 %
104
15%
15
15%
20
104
15%
15%
15%
15%
15%
15%
20%
20%
20%
20
21%
21
21
193/4
193/4
193/4
36%
36%
36%
36
*36%
38
*36%
37%
36%
36%
180
49
36%
49%
1683/4
36
50
483/4
50
48%
50
48%
49%
49
49%
11,900
,1.68%
169
169%
*240
1168% 168%
36
36
*160
165
29%
24%
35%
28
25
.
10
28
28%
27 %
27%
27
27%
263/4
27
263/4
263/4
253/4
26%
25%
26
25%
25%
253/4
26
253/a
253/a
7,700
1,000
2,800
41
40
40
*40%
'
161%
83%
84
151
142
151
53%
117%
106
160%
99%
163%
160
161%
160
*45
54
1173/4
99
83/4
72
39%
*46%
45%
48
lii
79%
79%
83%
84
150
523/4
15%
153/4:
*103
153
155%
94%
94%
8%
.-.,8%
*65
71
38%
111%
*51
513/4
♦15
6%
16
>
*36%
/ For
15%
;
37%
15%
'*15.;
5%
5
x37%
footnotes!
16%
?
5
37%
see page-2707.
♦37
44%
94
8%
~70
Am
51
'
l3/4
77
g. 82%
393/4
600
139
200
55
161
^45%
8
C6
Metals
Amer Power
,n-"<i$6
No par
.100
Metals
Co
No par
Ltd
82%
150%
No par
100
r
Amer Telep
5,000
& Teleg Co
Tobacco
5%
■
100
46%
18,600
156%
3,300
1,300
3,100
8%
66
Wks
Conv prior
&
Elec
$3
15%
37
S 16%
*4
37%
38%
37%
47
46%
443/4
44%
200
48
443/4
44%
11
Oct
3
25% Jun
-
43% Jun
.
3
July 15
17% July 1
163
'
9
1/10% Sep 19
159 3/4 Nov 21
-1% Oct 31
73
Oct 10
76'A Oct
150
Sep
7
18
48% Oct 10
No par
13% Oct 30
102% Sep 30
29% Jan
3
125
Sep 24
100
92% Nov 22
7
prior conv preferred......25
66
-
111
111
♦111
111%
10
51
51
*50
;.5i%
700
15%
15%
:-
15%
4%
43/4
37%
*15
5%
37%
36%
•/
Anchor
15%
*15
*4%
37
4,800
15%
16
5
*37
'
1,500
900
Wire
Hock
&
Glass
preferred
Anderson, Clayton
Cable
Corp
$4
'
Co
Anderson-Prichard Oil Corp
Andes Copper Mining
A
P
W
^.50
No par
12.50
No par
Si
Paper Co Inc
Archer-Daniels-Midland
14%
41%
Jan
21
1
Anaconda
1,600
Dec
128
Oct
Deo
Nov
Highest
v
t per share
Mar
41
Nov
106% Jun 24
Nov 22
1163/4 Sep 11
preference....-No par
Anaconda Copper Mining
19,000
38%
46%
^
Nov
10
7% Jan
26
Jan
108
Dec
103
45% Mar 21
21% Oct 30
123/4 Nov 20
'
233/a Oct 10
140
Jan 24
14%
Jan
Jan
6 per shore
14
No par
No par
-Amer Zinc Lead & Smelt
1,100
9-
$ per share
100
Corp
$6 1st preferred
American Woolen
Preferred
t
Water
25
...25
preferred
Am
92%
No par
100
class B
27,500
106
6% Jan
70
$ per share
98
Dec
Range for Previous
Year 1945 '
No par
6% preferred
American Viscose
200
15%
1
Rights
Common
Deo
.
11% Mar
24%
19% Deo
Jan
39% Nov
130% Jan
142% May
No par
Light com
preferred
preferred
American
3,300
.1,420
120
&
Dec
58
Lowest
-
*200
*
51%
,S>"155%
1 m I 92%
Fdy Co
preferred
&
Dec
66%
% 10%
Highest
60
Apr 10
34% Sep 23
22% Jun
6
133% Aug 13
91V* Jan 2
8
No par '788% Jan1 3 / 123% Aug
23
Feb 16
lOCAm iRad & Stand San'y
No par
12% Nov 22 '*
186
Feb 14
'[*■■214 Preferred
.100
xl73% Nov 15
V.
42% Aug 21
American Rolling Mill
10
" 27% Jan- 3
108% July 12
%% conv preferred
100
95% Feb 26
20
Aug 29
American Safety Razor.
5
14% Nov 22
American Seating Co
33%-FetL- 6
—No par
19;
Sep 19
52
Apr
5
Amer Ship Building Co
No par
-33
Sep 24
733/4 Jan 29
Amer Smelting & Refg
No par
45% Sep 10
5
191
Apr 20
Preferred
1
.100
165
Oct
7
50% Feb
6
American Snuff
25
35
Nov 21
Apr 25
6% non-cum preferred
100
160
Jan
8
' 172
Amer Steel Foundries
50% Feb
4
No par
27% Nov 22 ;
43 - May 10
American Stores
No par
26% Oct 30
38% July 11
American
Stove
Co
No par
24
Sep
4
6
American Sugar Refining
100
38% Oct 10 t 58% Feb
Preferred
158
Apr 10
100
138
Sep 24
Am Sumatra
67% Apr 18
Tobacco
No par
47% Jan 8
•
39,500
320,200
13/4
77
'
15%
♦15
37%
48
4434
♦hi
4
5
157
*65
...
-"51
16%
-
47 '
8Yi
160%
122%;*}ffin
15% -f'
14%
94
39%
*46%
15%
*15
5/
38%
51
-Wi
May 22
Sep
19
Nov 22
200y4»Tun
3
4
21
100 V* May 17
174
July 9
78
May 28
121
Jun 24
28% Jun
5
110% Feb
9
70% Jun
5
182% Jun
5
105% NOV
6
15% Jan 29
90
May 8
21%
10
20
5
No par
35
Oct 30
41
Sep 10
38
Sep
9
108% Oct 9
43% Jan 7
15%
13%
4%
26%
Oct 10
Sep 4
Nov 21
Mar 22
2% Jan
•0%
13% Nov
Jan
194% Deo
*4y4 Jan
•5% Dec
11% Jan
176
19% Dec
Jan
164
Mar
15% Jan
75
Jan
30% Deo
17%
31% Nov
•9
Jan
32
:44% Nov
"Aug
40% Jan
:
:i64% Jan
68%
181
41% Apr
153
Oct
Dec
Dec
60% Nov
Feb
164
27% Jan
17% Jan
29
Aug
43% Dec
22% Jan
41
Dec
31
Dec
Aug
7 60
128% Jan
29% Jan
151
157
Jan
196% Nov
65
Jan
Dec
-
Dec
03% Nov
2% NoV
99 Va May
-
*
111%
51
*52
155°2w
155
943A
8%
70
48
•111
46
47%
45
45
143/4
*103%
156
.
*65
39
*46%
45%
51%
15%
155
94
83%
*117
106
47
45
52
15% ,153/4
15%
473/4
83/8
83
52%
II?
80
150
317
*103
106"/'
47%
Itt
83%
52
54
*78
150%
117
393/4
139
1593/4 161
l3/4
823/4
39%
141
*51
80
150
4
53%
117% 1*
'
,
1%
*78
'
151
*117
•111
112
*51
84
151
38%
48
*47
*111
1%
80
*67
39%
*139
161
8%
72
141%
54
99
9
39%
40
*139
*52
49%
473/8
1543/4 157%
50
40
139%
55%
15%
153/4
*102% 106
15%
139%
*53
53%
*117
.
*160
55%
1%
39%
1,400
162
*78%
*67
•157
27%
1%
*8%
35
29
803/s
99%
35
160
IIS
159
165
35
28
.
164
49%
165
35
35%
169%
160
*78%
*102
35%
170
293/8
*53
35%
35%
170
283/4
57
53
,,
29%
*54
*117
35%
*160
,
28%
*139
83%
171
>
900
293/8
144
151
170
3,000
*27%
,
*139
163%
,
165
29
;
40%
40%
.
36
*160
29%
*27%
.
168%
,
Amer
&
cum
Mach
.
102
33
Mach
3.90%
Amer
26,100!
12%
49%
■
15
44% Jan
119
Nov
r 109%
Lowest
Par
50
6% preferred
1,600 i/-American Molasses Co
American News Co
200
.
110
12%
Amer
120
20%
15%
6
15% Jun 28
11% Mar 12
40
4
18% Mar 30
May 10
22% Nov 22
Sep 11
V%
Xll7% Nov
Mar
16% Jun
111
13% Nov
•
Mar
91
47
Range Since January 1
>
■
1,700
4,000
12%
113
*104
105
1
EXCHANGE
7,900
148
103
14
HI
......No par
100
Shares
26%
98
123/4
112%
123/8
of
N
<
9% Dec
38% Jan
28
Jan
118
9
Oct
Nov
Jan
35% NOV
8% Sep 24
99% Jan 21
Deo
>
'
6
63
2
93/4 Sep
Jan
12% Jan 28
32% Nov 21
NEW YORK STOCK
the Week
tper share
145
12%
133/4
*13
Nov. 22
100
123/4
13
Sales for
Friday
$ per share
26
100
26%
100
*145
38%
S per share
26
Co
preferred
May 11
55% Jan
9
10
STOCKS
Wednesday
Nov. 19
t per share
$ per share
100
118
11
10
44% Oct
No par
114
1%
Sep
37% Sep
5% Oct
No par
6%
Amer
1,000
90
1
Americap Home Products new—l
111
10%
...10
50
233/a
Tuesday
Nov. 18
Co
Deo
166%
10
11% Feb 15
No par
SS
Leather
preferred
conv
LOW AND HIGH SALE PRICES
Monday
Saturday
&
Nov
164% Jun
5% Sep
4
13% Oct 10
*
Deo
67% Dec
.AO'/a Jan 10
Feb'T
>150
1
40
Jan
Dec
96
July 10
No par
..*
112% Oct
*
169
75
No par
NO par
^un
17
?
--
183% Jan
39
*Jan
41% Nov 22
No par
*112%
24%
114
*47
49%
111
103/8
12%
23%
*112%
7
9%
*107
11
*12
24%
20%
111
*10%
114
*105%
213/4
'
34%
*107
12%
24%
'112%
25
114%
106%
20%
50 Va
33%
11%
8,800
106%
•
Dec
to
> 23% Dee
V 55% Oct
Mar
128
20
Tiling*
European Sees
American Export Lines Inc
Amer & Foreign Power
$7 preferred—
7,500
53/4
7%
*49%
10
18 %
5%
403/8
7
111
*10%
17%
6%
97
40%
34%
18
5%
213/4
*95
7%
17%
6%
109
21%
50%
33%
10
9%
103/4
12'/a
25
*112'A
*49
34%
'107
11%
7%
50%
33%
10
*107
8
*49
343/4
*10%
6
22%
40%
40'A
18%
17%
♦107
109
95 Va
*93
16
*14%
6%
6
*107%
22%
22%
"
14%
Encaustic
Deo
M% Deo
.
*5%
■
Deo
,•
34% DM
35% Deo
'48% Deo
;
15% Aug
14
Deo
25% Deo-.
19«
i
__
20% Jan
69% Jan
Jan
.
Deo
■
42Y4 Deo
loe
Jan
—
30
*106% Jan 15
-210% Mar 29
21 Va Nov 21
12
'
Nov
17% Feb
120
Sep 19 "
17'A Oct 10
——10
Co
23
3% Jan
43% May
*137-
,
Deo
«% Deo
88% Jan
25
45% Jun
.
30
Sep 19
Jan,
88% Jun 10
-
May 16
Oct
15%
53% Jun 11
104% Sep
_100
No par
Colortype
American
Amer
.
79
preferred;
prior preferred..
Distilling Co stamped
45%
Jan
13% Jan
i 153 Va Mar
28
19% Apr 24
i 5T/a Oct 30
__100
4%%
*443/4
Jan
2%
34%
82
65
,7
Deo
9% Nov
15%
V
39% May 27
2
Oct 30
Deo
Deo
Aug " 7,
8% Jan 28
Apr 25
81%.May 29
Fdy___.:__No par '-*42
preferred
American Crystal Sugar.
90
6% Jan
75
36% Oct 30
129
-
1
__100
I
__—
conv
72'% Oct
25
non-cum
5%
"
No par
Radio
Car
31%
56
122
98% Jan "
12 y4 Apr
•
10
Nov 21
13
American Chicle
1,900
1,400
22%
10
Am Chain & Cable Inc
10
110
102
*99
7%
4,400
109
18%
102
600
22
135
&
Preferred
American
2,200
135
*108%
Shoe
6
Doc
Jan
.
10
Oct
57% Nov 22
25s/8 Oct 30
___50
preferred
Cable
/
Mar 30
V 623/4 May 31
7
953/4 Nov
4
37% Nov 22
__100
American Can
130
,
44%.
104 Vz
21%
109 r
134
183/4
•
-6%%
Amer
4,100
190%
42
Brake
Am
10
34% Nov
;
Jan 3ft rs 27% Aug
63% May 21 V- 20% Jan:
108
102% Deer
July *29
64% Sep 20
-1. ' /
pfd
__
12,300
87
190%
Sep
6% Oct
44
No par
6%
preferred
-American Bosch Corp
5,700
6%
85
22%
134
38%
132
6
•45
30
1,600
Apr
17
38%
,
v
39
Oct 10
25
7
50
American Bank Note
2,200
13
373/4
193
44
80%
*128
86
*108%
108%
38%
192
45%
27%
13
6%
85%
193%
45%
27
22%
1
8
29% Jan
r
'
num conv
Dee
26
Aug
1
212% Jun 18
22: 5
92
__No par
1
Airlines
10
30% Nov: 22
Agricultural Chemical-No par
3%%
47%
Jan 28
61'/8 May 28 ,
113
July 30 ?
10
99% Nov
'
UOD
Portland Cem.
American
10,300
•
Jan
69% Jan 28
*
29% Sep 19
31 y8 Nov 22.
.
•
__100
Amalgam Leather Co Inc
6%. conv preferred
Amerada.: PetroL. Corp-l
Amer
69,400
i
-
60%
*78
132
6
87
*192
105 Va
-•130
6%
863/4
105%
373/4
.39%
130
6%
193
.
27%
80%
130
6%
45%
*132%
23
61
28%
13%
45%
47
107% 107%
24
28%.
*79
14
133
6%
6%
*1071/2
19
39
583/4
9%
63
61
80%
13%
133
6%
*105
28%
29
*79
14
38%
133
*47
93/8
64
*37%
'0
40%
39
9%
X62%
80%
13%
6%
193
41
5
pfd—
-
.79
*130
93/8
65
28%
29%
*13%"
40%
32%
51% May 27
v
154
Oct 30
18% Oct 10
—No par
Dee
3
103
>
3
17 % Oct
l
Co Jhc_
cum conv
Deo
Deo
12% Feb
9
Jan
913/4 Oct
No par
No par
3%%
38
Deo
•17%
35
11%
135
*
293/4 Oct 10
52% Oct
U4
•
'
'
Corp-
Alpha
3,100
'
.
;
Mills
Stores
,
400'
v:
52
_10Q
Apr
13% Mar
20% Feb
21
92% Nov 21
33/3 Qct 10
1
war
Nov
Jan
9% Jan
25%
8
593/4 Apr
;
Sep- 19
25
__100
/ 4% preferred
Allis-Chalmers Mfg
*
.7%
*46%
Allied
Ml,800
;
5-
5
preferred —A
Allied
200
'
10
__
Chemical & Dye
Kid Co
Allied
2,400.
18,100
.
33
*48
52
Allied
2,800 /
'
*48
18
Allen Industries Inc.
900
94%
7%
<
-
19
*100
102
Oct
-
68% Jun
21\
104
60
1
-413/4 Jan 28 %
20
Nov
$2.50 prior conv preferred-No par •
Alghny Lud Stl Corp—*
No par
Alleg & West Ry 6% gtd
1100 '
4,900
101
*97%
20%
gy2 Nov
33
Juneau Gold Min_;
4%%
400
1
No par
Feb
May 28s /
-
Sper share
24% Feb
19
;
Inc
X50
4
245/a Sep
Vicksburg Ry—___100
&
Allegheny Corp
*
5% % pfd A with $30
6,700 i
55
42%:
44 V* Jan
10
Aldens Inc common
19,500
.
10
No par
Alaska
350
33%
42
31%
34%
33
,
.
3%
*54%
Reduction
Alabama
/ 19
Highest
$ per share
64% May 13
169/ May 13
26
13 Va Oct
Lowest
J per share
•
Nov 22
30% Feb
1
;
6,200
r
33%
34%
Express
2,800
5%
*19%
30%
32
32
102
53/«
Air
10
3%
102
159
19%
2,600
8
__10
Address-Mutigr Corp
Admiral Corp
12,600
,,
31%
99%
323/4
.
31
7%
102
21
'
*7%
f
55
161
9y«;-
333/4
108
2.50
<
Year 1945
Highest
61% Apr 12
i053/4 Oct 29
No par
Co
Co
Adams-Mills Corp-
2,200
V
com——No par
Straus—
Steel
Adams
100
*29
943/4
*29
„
9%
43%
19%
20
Acme
6,100
49
X93%
34%
95%
54
42
*99
/
v
93
56
160%
*45
93
44
19%
•
33%
3%
43%
"**
14%
25
56
203/4 ^
14%
25
35%
.34%
102
32'A
35
33/4
32%
Motors
600
95
92%
3%
34%
&
2,200
25%
34 %
162%
161
102
*100
96
Abraham
ACF-Brill
8%
40%
*101
5%
25
-3%
4
102
20%
161
20
53/4
26
44%
44
20%
33%
104%
59
*56
102
.
20%
95
34%
60
*99
20%
953/4
3%
45%
44%
26
95%
4%
35%
9%
6
5*%
6
27
Abbott Laboratories
-K-'.
•
8
28
28%
9%
35
108
5%
97
4
28%
104%
7
1093/4
u-:-.
40
•.
143/a
49 7:/';.
*45
•
93/4
i
104 %
25%
-
."7 14
28%
33%
*
•
/
1,700-...
73%
*100
/ 8%
42
49
' "
73%
1093/4
"8%
14%
9^%
9%.
35
73%
43%
28,
108
26
*37
36%
*45.
V
28%
34
1093/4
14%
15%
*104%
73%
*100
8% :? 8%
*41%
/;■ 748 "7.7..
9%
,
6
"67.
26
26%
*95
343/4
*104% «108
6%
26%
10-
34%
34%
1093/4
8%
14%
29
*101
42%
*46
108
6
A.
8%
75
74%
733/4
42%
153/8
10
34%
*101
8%
44
15
29%
•104%
733/4
1093/4
8%
44%
*421%
::
73
*100
•:
Range for Previous
Eanje since January 1
the Week
'
§1% Feb 6
60% Jan
62% May m
x61//!
„
27%May
24% Feb
10% Peb
40% Jun
•O
65% Jan
43% Mar
116%
26%
112
99% Jan
Dee
Dec
Nov
31% Deo
140
Dee
Jan
100% Mar
~5%
Dee
121% Mar
Sep
8% Jan
9
Dec
91% Oct
161%
69%
145% Jan
*
Mar
l7%
Dee
60% Jan
62
Jun
29% Jan
40
Nov
67% Deo
38% Jan
Jan
40
Dee
July
38% July
113
Dee
24%
109
46% Nov
07
»
5
22% Nov
12% Aug
-
4% Jan
23%
Sep
6% Nov
36%
Oct
■
■;
I;!.'.(V.,
''
v;
'
'•
' ■
■
■
COMMERCIAL & FINANCIAL CHRONICLE
THE
Monday, November 25, 1946
2698
NEW YORK STOCK RECORD
Saturday
I
$ per share
12%' 12%
120
120
t pet share
12%
: *120 -/
y
13
122
12%
140
140
46%
49
46%
105
*103%
y' *19%
*103%
103%
20
•19%
:
■
18
18%
18%
:&? *133% 136
51
■ySn 87%
107
86%
88
15
15
14%
14%
50%
49%
50
49
36'%
36%
36%
35 Vs
*35%
•25
x33%
34%
337a
106%
1067a
105'A
23*A
23'%
2374
237a
227a
23
56%
57%
55
56
54
54%
29
*23
20%
22%
6%
IOV4
11%
1674
19%
20
1874
193/4
187a
2*
?V\
21S/16%
2?%
6%
193/,
674
.
8374
Dec
45
Nov
8374
Nov
series A-'_—
series B
pref
conv
preferred
„_5
No par
—
conv
preferred——
Tack
Corp
Nichols^
Austin
Conv
600
($1.20»
5.900
Automatic Canteen
31,800
Aviation
Corp of
Baldwin Locomotive
13%
1374
1474
35,700
Baltimore
22%
207a
213/4
5,600
14%
147a
14%
13 y4
23'A
21%
16% Sep
19
Nov
Apr
14% Jan
17
18
60
Jan
3
113
Jan
Jun
18% Jan
40% Aug 13
25% Jun 10
22
10%
Jan
14%
Jan
_5y4
23% July 23
37% Jan 29
Jan
32 3/4 Aug
427a
Dec
120
Nov
po
143% Feb
16
Oct
30
83% Feb
2
687* Deo
17% Nov
22
38% Jan 30
27%
Dec
94%
Dee
130
Dec
27%
Dec
207a
Dec
29
Dec
10%
Dec
63
Dec
14
6% Nov
15% Oct
3
(The)
34% Apr
97% Jan
21
10% Nov
110
-3
May 13
135
13
Sep
18
Amer_—5
Co of
Dei
16,600
14%
110 ;
22% Oct 19
X53% Nov 22
114 ' Nov 22
5c
$2.25 conv preferred
•
130% Jun
29
25
30% July
51% May 28
39
No par
Co—
20
9
May 24
Oct
No par
prior pfd
1874
14%
100
31 J/a no-a -j v
100'
Jun
103% Oct
——JVo par
177a
14%
Deo
Feb
18%
19
Dec
24%
Sep
17%
18%
137a Mar
120
71 y4
4,000
19
Jan
>
3374
417a
18%
29 % May 28
101
48% Jan
417a
19%
10
25
94 "
42 7a
19
;jf| 43% 43%
Oct
Jun
t
49% May
417a
42%
125
83
427a
43%
7
14'
427a
43%
Oct
19
6%
42%
NOV
121
20
67a
67a
113%
10
Oct
20 ^0
20%
6%
Dec
76% Jan
Oct
Sep
Autocar
193/4
Nov
52%
' Sep
2,600
2l3/«
Nov
139%
Aug 12
May 31
74
4%
2,400
,
187a
14_0"
Jan
Mar
32
Atlas
17
Jan
45
45
70
18
Dec
111
100
6%
6%
6%
1,000 !
103/4
*167a
NOV
19%
113
58
13
Atlas Corp—.
Atlas Powder
5,200
.
£4
10%
16%
113/a
*163/4
20 %
19%
22
2274
Jan
Nov
Dec
14
78
—
29
113/8
11%
17 »A
z
10
59%
108
X29%
100
i_25
100
_100
4%
*21
17
11
17
23
*2074
6%
*23
29
12%
*17
Co
427» July
—1
3.60%
114
Not
—No' par
340
28
17 7a
12%
17%
9,200
114
*2274
29
141
5% non-cum preferred
Atlantic Refining
630
22%
■»
Atl Q & W I S3 Lines
1067a
XS33/4
NOV
May 21
May 23
148
preferred
104
116
*114
11672
*114
116
*24
•17
22
104
5%
700
3274
317a
Mar
106% Nov
32% Jun
153
Atch Topeka & Santa Fe
81
.
-
9
127
Oct 11
46% Sep 30
Atlantic Coast Line RR
34
*102
1C4%
115
21
2,100
477a
1067a
107
104
i!0it
127%
.11% Jan
Aug
126% Nov 22
2d preferred——
A T F Inc
33
32
106%
58%
116
Nov
1st preferred
Assoc Investment
6,600
'
23%
*114
17
Associated Dry Goods new__.
4,800
46
//A''':
Jan
ill
65
May 31
112% Feb 18
30
133/e
34
u
10
10874
*75
.V h
S per share
'
25/
Oct
1374
3574
Jun
6%
102% Mar
July 18
172
102% Nov 21
Corp
1077a
81
10
42% Sep
preferred-*-^——j..
600
48
357.
1057a
*104
86
47
1087a
105%
4872
13%
139
12
200
111
Oct
125
——.
11
36% May 28
7%
85%
Sep
13
6%
84
112
li
18% May 28
Sep
180
487a
10% 8en»
Highest
I s per share
,
Artloom
3,000
8,200
50
$ per share
19
280
*75
333/4
106%
127a
177a
$3.75
1337a
13%
Year 1945
Lowest
Arnold Constable Corp
1297a
58 r;
12%
12%
*76
34%
200
1337a
23%
;•/
58%
116
29
58%
•114
so y»
80%
preferred-.
133«%
*107
357a
200
17
"
■*<&,'£ Highest
9 per share
Armstr ong.Oor1c
2,100
12
84
807s
*75
44
21
*18
,
"
104
44
*10072
7%
1267a
*48%
49
357a
36%
106 %
*104
105%
23%
105
487a
-49
140
17%
133 %
14
34%
107%
*•23%
,
13 *A
106 %
•76
•76 O; 81
M-.-.- 34%<134%
•106%
108 Vb
14%
144
128
123
86%
108 y«
85'A
108
14
60
:
50
86%
*137
13
12%
17
50
*48%
***¥
Unrest
•
96 conv prior preferred
800
119
20
*18
129
134
134
Range for Previous
/>. Rait^e Since January 1
;
y-■;
Armour & Co of Hllnois>_—.
33,800
119
43%
44%
102% 102%
13%
17%
17%
134
*107
107
107
107
■
140%
13%
134
85%
139%
46
127
*48%
120
104
19
127
87%
49%
119
45
19
exchange
Shares
12 y»
n%
12 y*
12%
*102
127
136
49%
*133%
*49%
13%
17%
18 V*
128%
.
128 %
128%
128%
19%
21
14%
*14
15
•14
45%
% per share
141% 141%
141%
45%
103%
19%
13%
18%
141%
46'A
105%
'
150
*141
;
'
*122
*120
$
new YORK STOCK
-
S per share
123%
•120
STOCKS
y.r,
the Week
•
12
12 Y$
12%
'
.
Sales for
-*
Nov. 22
Nov. 21
share
% per
•
-
Nov. 26
share
$ per
z
Friday
Thursday
Wednesday
Nov. 19
>
Nov. 18
Nov. 16
LOW AND HIGH
k Tuesday
:
Monday
sale prices
41
No par
9
B
•
19%
15%
19%
•
-
: 14%
■Bm 23%
,S;vyl5
•66%
69%
52%
;
20%
20
52%
52%
*52 72
22%
2P/fl
22%
213/s
22
6,500
Barnsdall OH Co
*
19%
18%
4,000
22'a
22 'A
2274
22%
3,000
Bavuk
*111
113
105%
105
105
*105
105%
11%
11%
*343/4
37%
105.
107'/2
107 7»
113
*107%
20 %
207*
20 y2
107Va
105 %
29%
,4,000*
19'%
1974
19 74
3,300
Bell
104%
29v4
30 y4
600
307a
3,800
227a
22%
2,600
85%
8774
14,800'
Bethlehem
23 Ve
23%
22%
89 V2
90%
87
*145
150 y«
>55%
34%
57
*55
35
*34%
35
34%
33
Oct
17
17%
17
16%
15%
167a
7,400*
Blaw-Knox
21 Ve
20%
21
20%
21%
2074
203/4,
3,200
Bliss
42
42%
41%
42%
413/4
42
4174
417»
2,000
$2.25
15%
15%
15%
15'A
15%
15
15
14%
143/4
1,400
Ut
20%
20%
•15%
16
21
20%
*46
103
29%
47%
47%
38%. 39%
29%
I -.41
102
102%
62
*60
62"
14%
*102%
28%
27%
24%
Dec
29%
Nov
35
104% Nov
21
112
Jan
8
28% Oct
30
58
Jan
17
24% Sep
20
98
403/4
47%
38 %
47 y«
38
38%
101%
*101%
103 y4-
•
65
Jan
987a
Mar 22
127
Jan
83% Apr 10
48
Jan
7274
Dec
23
Jan
144
14'%-"',
13%
15
19
31%
32%
26%
18'/4 UCG
iO
33% Jun
19
58
Jun
Ami
Class
class
Co
Bond Stores Iric
4,700
37
6,700"
1013/4
5Vs
300
*4'7a
*323/a
600
300
33
common
49%
106%
50%
106%
27
25%
26V4
,
34%
*34
•
♦103% 105
24%
24%
78%
*29%
30%
75
77%
23
'to'? 20%
:
35 y*
35%
17
16%
-
21%
37
16%
16%
•1047a 105
;
27
28
3,500
50
47
4974
1,700
•'
49
49%
.
105
*104
93
*98
99%
■;
i
s
106 Va
25%
26
34
34
103
*101
13%
14%
*7%f' ' 7%
•
10
Oct
9
27% Nov
21
42% Sep'
4
28%
102%
101
101
21
20 Va
20%
34%
16%
19
20
33
34%
163/4
82
80
35
35"
16%
34%
>
16%.
167a
85
85
23%
22%
*101
104
*88
92
«88
92
*86
99
*96
99
♦OR
'
'*
7
y
107
6%; 6%
16%
16%
*106
.
99%
99%
21%
21%
5
-6%
82
85
85
21%
21
106
'
7
*77
85
*104%
":v
6
106
99 »A
99%
21
99%
20
99
67/8
»
r
36
5%
20
5%
15%
'
15%
99%
•99
19%
43/4 Sep
60
-
Nov. 16
I per share
Tuesday
Wednesday
Nov. l«
Nov. 19
Nov. 20
> •
$ per share
t per share
"
Friday
Nov. 21 >
1,700
;
2 per share
9 per share
"$ per share
Co
Nov
574 Apr
10%
Jun
4
333/4 Nov
Jan
37% Dec
80
Dec
203/g Feb 16
23
103/4 Mar
19% Dec
53 % Jkn
9
30% Oct
Oct
55
37% Mar
52% Nov
357a
Dec
36
Dec
112
Nov
28
Oct
9
4278 Jun
10
70
May
1
22
115
Apr
23
3
106
July
28
387s Apr 22
21
Jan
al5
..No par
19
8
No par
20% Oct
9
38% Apr 23
233/4 Jan
40
—5
14
Sep
2074 Deo
Jan
25% May 31
130
Feb
2
123/4 Mar
120
9
%
9% Oct
10
—
——
common
22% Jun
2
Jan
Nov
128
Nov
25
tol/4 Feb
11
120
35% Nov
14
Jun
99
70% Oct 29
25% Oct
4
1
100
100% Nov 22
18% Nov 22
46% Jun 31
597a May 29
26% July 22
22% Jan
37%
Oct
10874 Mar 28
—.—NO par
CP—
—
$3.60 pfd
Nov
21
16% Oct
30
103
Nov
20
111
93
Nov
13
-a_l
100
100
100
Jan
30 y4 Aug
39% Dec
42%
Dec
1193/4 May 27
1027a Aug 16
33
5
Inc—
1874
100
Sep 23
13% Nov 22
6% Nov 2,2
"
78
Oct
19
75
Oct
10
20% Nov 22
Sep 26
47s Oct 10
105
15
Oct
9
99
Oct
15
193/4 Nov
22
'
Mar 22
105
Sep
13%
Jan
21% Jun
13
15% Jan
29
7% Mar
4
77% Aug
59 y4 Mar
100
Apr
May 31
98
39 y4 May
28
May 15
110
97a Jan
357a Feb
6
16
11272 July 11
40
May 28
,
147«
Jan
10574 July
33/a Jan
15
Jan
87
Aug
2274 Mar
111% Dec
2074
Dec
15% Nov
95
■
•
81
Nov
Noi[
27%» Dec
110
-
7%
28
Oct
Dec /
Dec
101% Feb
39
Nov
Range for Previons
STOCKS
"
,
'
Range Since January
/
$ per share
Par
Shares
Year
Lowest
Highest
$ per share
EXCHANGE
♦
1
Lowest
$ per share
iMtegggg*****
Highest
t per share
ST
29%
29%
*55 %
33/4.
"
■yy-
•V
*25%
14
3%
7%
7Vz
26%
■VTW
117
*115
3%
3%
7% y 7%
y 25 *.
25%
13%
;
*52 3/4
12%
55
''if
13%
57
•123
,
*52%
> 3%
7%
7%
25
*25
125
123/4
47
46%
46%
15%
15%
15%.
36
351/4
351/4
For footnotes
see
page
lays
133A
>
*45
,
12%
12%
54% y.
52
'
3%
7%
25'
24%
11.
4 3 3/4
45%
12%
/sayyy
13%
*12W -13%
*53
-
56
7%
57
125
.
45
12
52
121
,
122
2707.
46%
46'A
15%
15
15%
44%
14%> -147/s
35%
347s
35%
35
y-- 35
''
'
55
123% 123%'
46
y46 ;yr
43
35%
,,
8,800
Callahan
23%,
y
51%
A
*120%.
*43
■
-
12 y8
123
200
y
14%
35
y
.•
Carpenter
600
7,700
2,500
Carrier
Steel Co
Corp —i
Preferred 4 % series
'
-
-
f I
3
9
10
403/a May 29
Sep
43
Deo
52%
Sep
56
Apr
1% Jan
4
674 Apr
20
Dec
9% Nov
Mar
32%
NOV
1133% Feb
128%
Dec
18
July 30
Nov
21
147
May 29
Oct
9
58
11% Oct
10
22% Feb 16
IO3/* Jan
20% Dee
513/4 Nov 22
733/4 Aor 22
48%
72
43
f
•
12 y8
Oct 30
56
Oct
100
112
5
27% Jan
127a Nov 22
-
10
class A—1.
Carolina Clinch & Ohio Ry
270;:
,
No par
Mills
Capital: Administration/
$3 preferred. A
l
■
20
44%
13%
34%
Cannon
400
,
57
10
77a Feb 16
123/4 Jan 28
11.3
670
43%r
51%
12%.
Campbell W 9s, C Fdy
No par'
Canada Dry Ginger Ale Inc—1.66%
$4.25 preferred
No par
Canada Southern-Ry Co——100
80.
28,700 / Canadian Pacific Ry —a———25
8
Apr
58
672 Oct
1,000;
/
47% Apr
2
207a Oct
8,600
13%?;,,:
114
iP*
■
—
Calumet &
*52
■
3
4,800
12
1334
Zinc-Lead ———.—1
Hecla Cons Copper——5
Oct
53
7%
•43-%.
52
—50
preferred
3%
12%
..
*52
5 %?
3%
113
Ai; 45
12%
*123A
40
X23
24%
277a Nov 22
California Paeking »———No par
2,400
•7% r
114
57- -y?
27%
56%
«
13%
113
15 y4
,
;
27%
*54%
283/4>
3%
*53,
*123
.
75/a
ii5 : *
114
:
45'%
28%
*54%
3%
,
*12%
151/2
36
45 %
;y *52%
y /
:
47
..
2 5J/a13%
133/4
123
,
115%;
v.
531/2
54%
123
.
€013%
,
.
*12%:
56
3%
*45 -ri
54%
*13
♦54%
29%
56
115
1378
29-
3%
:
•;
117
i2y«
fe
29
56
§ r 7 y4
•
"
123/8
28%
56
.
57
117
* -47%
*45
29%
29%
•56
57
*
457a May 28
1107a Mar 18
coma
—
-
3
35% Jan
100
No par
—-—No par
Inc
Co
Jan
Dec
Oct
——
,,
y
the Week
;
11% Jan 23
3
NEWEYOKKi. STOCK
Sales for
<
Nov. 22
•
Co
Forge
..
Thursday
.
Co
(The)
low and high SALE PRICES
Monday
Saturday
5
Apr
367a Apr
1073/4 Aug 12
14
19% Sen
—
1,800
20
4574
61% Jun
22
Sep 24
32 % Nov
——
3,000
'
33%
40% Dec
Nov
preferred ——
conv 2nd preferred
preferred
—
Burroughs Adding Macha.
No par
Bush Terminal;
--1
6%
preferred
100
Hush Term Bldg 7% preferred__100
Butler Bros common
—10
4%% preferred
100
Butte Copper & Zinc
5
Byers Co* (A MiNO par
-Participating preferred—
100
Byron Jackson Co
NO par
4 260
.
67%
31% Sep
103
Oct
3% %
360
107
52%, Apr
247a July
9
48% May 13;
57% Apr 22
25
4%
4,500
.
Nov
,
101
69 %
106?.
Burlington Mills Corp com
10
86
21
•106
Shoe
Bulova Watch
2,000
21,300
180
2,700
82
July
"
1774 Mar
Bullard
8,400
j
Dec
Apr 30
Feb
47
3%%
-
Dec
109
95
8
$5 preferred
300
13%
203A
99%
20
.
Dec
78
9
Buff Niag El Corp
QQ
85
yi 5%
16
2oy4
*99
20
•77
*
85
5%
'"v
; X04% " '
13%
6%
Kt
21%
io6-ya
16
16
f—16
21%
n
82
106
5%
S .5%
16%
99%
"
-
21%
15%
16%
*99%
21%
y
*77
»
85
82
106
6>%? ?■'
6%
16%
7
7
■
13%
13%
13%
22%
85
21 %
,'
13%
,7
1
♦101
•
■
13%
*78 "
■
y
107
.
Dec
34%
93% Nov
Bufiaxo
600
•
4274
34% Jan
620
500
' 4,800
\92
*97
23
107-
104
103
997a
105
13%
85
23%
16%
18% Jan
17 Va Apr
49% Jan
21
Bucyrus-Erie Co_
7'#" preferred
•
163Ajl6%
-
*
80
85
'
X
27^4,38%
'9
21
Budd
23,200
0
.100V4.,100%
18%>,!19.
33%; f,63y4
92%
'
•80
28%
28%
% Jan
12 % Nov
Brown
4,400
.
;
(
Dee
72
$3.60 preferred
aBruns-Balke-Collender
■
70V+Zn
723/4
*28 v4
Ms
10%.>10% y>
92
V/fi- '
T
70aa
75
,.>.15%.
*123,;,:
10%
*101%
28 Ya
105
,
147a
13%
126
lO'/a
103
'
.
*123
15
112
Sep
Corp
600*
600
24%
73
52
(The)
210
33%.
24%
15%
15%
15%
11%
73%
24%
410
2,500,
104
*101
.
y
267a
33%
-
34/
104
24%
24%
126
106
106
253/4
26%
•98
;;
99%
♦98
-- -
106%
107';
10%
76 % •
v
20
.
92% $92%
•89
•
27%
*123
ii%
103
22%
•
•26%
15%
is%.
126%
28%
30
*35%
.
26%
24%
,
15%
103
103
'
•
6,300
34
25
10%
11%
11%
76%•28%
102% 102%
///v
313/i,
103
104
*123
126
*123
11%
-
307a
26
34%
-
*24.%
16
15%
16%
126 r
-78%
,
*34
.
31
*106
26%
*102
25
*23%
31%
30%
66% May 10
35
Mar 26
10
Oct
101
2.50
—15
No par,
Briggs Manufacturing——--No par
Briggs & Stratton
No par
Bristol-Myers Co common
2.50
3%% preferred i
——
100
Brooklyn Union Gas——
No par
4,000
* '<
11%
■
/
34 %
-
103% 104
.
143/a
49 V*
49%
25%
1474
24%
107
*106
14%,
Dec
25 Vs
of America
Bridgeport Brass Co—
Brewing
14%
38
13% Jan
Braniff Airways Inc
7,800"
9472
*92
30%
,
25%-
49y3
108
1374
12%'
13 ft
95
14%
14%
31%
:
12%
15
Nov
42
15
Borg-Warner Corp—
—5
'3%% cum preferred
100
Boston & Maine RR (assented)-100
Bower Roller Bearing Co new
5
1013/4
Dec
Nov
18% Aug 21
18% NOV 21
No par
No par
1
A_
16
Sep" 10
34
5
5,800
Co
Dec
155
10
B
Borden
283/4
10
37% Sep
14,
& Brass
Bon
May 31
307a Feb
.—'—5
Co
70
Nov 22
53
46
277a:
a
*92
95
*92
14%
25%
27
.
31
.V
♦106
•
25
Sep
30
46%
33
33
13%
131/2
v
94
14%
257i
50%*
14;
78
*92
95
26%
16
168
.
v_i,.uO'
Bohn Aluminum
Dec
22% Aug
17
Aug
35%
31% July 11
52% May 10
1
No par
Boeing Airplane
Dec
1143/4 July 31
20
—o
ti
.
30
22
15% Oct
preferred
tun,
Nov
85% Nov
32% Sep
Co
conv
Dec
63
26
22
—No par
Co
(E W)
Dec
109%
197s Jan
36% May 14
112% Aug
6
10
Jan
Aug
1037a Sep
473/4 Jan
17
No par
1,000
62
36
38
101%
*4%
33
*31
33
*3oy4
37
101%
5y8
5y8
5%
5%
5%
26%
*123
Apr
-
Feb
22
100
27%
48
101%
;
33
*92
95
r
•J
Sep
29% Nov
-No par
(Del)
46%
28
47%
387a
47%
y
15%
32%
'
Dec
No par
13,800"
1047a
*60
62
28'A
29%
28%
*104
104%
*60
1
102
5%
33
46
iq3
*60
32%
1
Dec
136
Apr
18
'
i
42
Jan
12% May
Bloomingdale Brothers ——No par
20
1974
45
"
i
39
102
5%
32%
1874
47
*47
47%
:
19 %
46
*102
.
36 y2
*32
36
18%
48
48
29%
38%
102 'A
\
-
62
♦6<?
> 29.
' 62
*30
20%
18%
*46
47
*102
16%
37
*34
37
37
*14
35
21
•45%
46%
•102
103
35
.
Deo
Aug
100
Decker Mfg Co
&
21
*34
17%
35
114
12%
Black
18
50%
97«
15
283/4 May 13
35% Jan 28
Bigelow-Sanford Carp Inc—No par
22
15%
.
37
700
43%
14
15
142
Dec
Jun 25
Jan
43
29
55%
Jan
30
200
17%
17%
36
8
16% Oct
32%
42%
•92%
Mar
,
307a Apr 25
9
Oct
15% Nov" 22
53
21
*5%
22
30 Vb Oct
1
53
18
32%
Nov
110
10
32%
44
*102
11
101
No par
33
*53
21%
20%
.
21
1
54 Va
56%
34%
*54
57
35
■y
18
,
22
Feb
50
20
4
Nov
.4
73
.May 23
118 3/4 July 18
24% Dec
5
Steel
21%
•60
46 V2 Sep
104
111
-1
44
V
24% Nov
preferred
7%
Jun
1472 Aug
x
58
•15%
10
Cum pfd $3.25 ser of 1946 .No par
1
& Co
400°
150
150
149% 149 y8
147%
147%
154
•
21% Oct
Best Foods
23%
90%
Jan
Best
23%
893/8
23%
91
150%
*145
997a
297a
30
88%
2,300-
25 7a
9974
30%
31%
Feb
Dec
16 3/3
Beneficial Indus Loan
25%
31
Dec
25
52%
May 23
39% Feb 18
——
100 Vb
*100
31%
90 Vi
257a
54"
May 16
31
Bendix Aviation
15,300
2978
Dec
57
48% Oct
21
•
297a
Dec
52 %
9
—
25%
99%
31%
102
30
—25
preferred
4%%
Oct
100
pfd
preferred- .—100
Co
100%
25%
99%
89%
540
105
*103
26
23
81
Mar
14
RR_
Howell
&
127a Jan
2974 Aifg
64% Aug 14
"41% Jun 12
22
Bell
19 y4
10
Dec
66
May 24
88% Jun 17
26
No par
new
Belding-Heminway
Aircraft Corp
1,300
16
30
24
Sep
Beech-Nut Packing Co
157a
157a
25%
25%
500'
15
16%
25%
i
.
32%
31%
conv
43/4%
Creek
Beech
107
*103
cum
Shoe
31
Sep
18% Nov
—
Beech Aircraft Corp
15%
30%
,29%
.
:
377a
*343/4
107
4,000
117a
3%%
Beck
16
106
*104%
30%
80
104%
15
17 Ya
1672
19% ,19%
106
240
15%
15
15
15
1,300
11
12»A
*35
54
111
111
*10472
37%
11%
12%.
37%
52%
105
*52 7a
53
53 %
Inc
Nov
Jan
1
Beatrice Foods Co
'
Cigars
447s
66,
5
19
Jun
19%
363/4 Apr
50
1
19%
llS'A
12
26
26
*99% 100%
preferred
22%
53%
30%
—
19%
17%
*38;
4%%
20
537s
287s
28
10
—
22%
•17%
19%
*106
Barker Brothers
700"
16
47% Jan
123/4 Oct
100
Bath Iron Works Corp
*111%
1
6,700
30'% Jan
10
11
50
—
prefer/ed—_
Asphalt COrp
:
5%
Barber
22%
*34%
17%
Conv
30
697a
19
54
24%
34%
52%
22%
113.
*105
37 lA
24%
*56
*50%
53%
24%
90%
26%
26
112%
54'A
17%
30%
30%
26% i 26 %
•100 U 101
32%
32
•145
53
26
Bangor & Aroostook
900
14
14
*88 %
19%
22%
23%
114
*107% 113
15%
15
.
107%
24V«
52%
26%
23
19%
104% 104%
12%
12%
;
20%
*106
,
20
!.;■ *34%
15%
18
18
22 y»
23
37
♦34%
54
26
52%
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53%
•108% 113
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52
26%
27
27
27%
51
23
113
105%
12%
12%
54%
53
'
54%
114%
>105%
52%
52%
19%
1
23%
54%
69%
53%
27%
20%
23%
14%
69%
70
23
23
•114
14%
68 %
*68%
51
'
53
23
y
15%
68%
69%
52%
28
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14
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>
52%
,
22%
14 y3
14%
rl4
15
10
24% Aug
11% Jan
35%
Oct
18% Oct
—100
100
23%
22%
23
23
24
13
Works-
Ohio
&
4%' preferred
39.,
Sep
10
23
Sep II.
Jan
21% May
7
29"
5972 May 21
137
May 23
10
33% Nov 22
60
Jan
Jan
.
Jan
Mar
56
Oct
Jan
135
NOV
49
Dec
Mar
21
V Jan
4
21
Dec
NOV
52
32
Feb
58
11
116%
Jan 30
34
3.472 Oct 30
.
17
617a Jun
50
47
Dec
33%'Nov
Volume 164 .Humber "4545!
THE COMMERCIAL; & FINANCIAL CHRONICLE
"
2699
LOW
Y
Saturday,
*
Monday
Nov. 16
$ per share
*6%
7
33%
33%
*157
6%
26
v
*20%
•142%
1
10
31
.
26
•
24
;
9%
10,
9%
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35%
34%
34%
17%
17%
17%
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16%
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26
24
24%
111
112
16%
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4
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25%110
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16%
110
200
900
21%
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49%
50%
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6%
11%
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!
6%
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8
7%
7%
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8%
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13%
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13%
9%
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93/8
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5%
5%
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7%
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21%
200
50%
24,600
6%
2,300
6%.
10%
11%
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7%
8%
7%
13%
13%
12%
13%
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8%
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53/4
5%
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8,500
14%
13%
14
13%
13%
12%
13%
42%
39%
41
39%
41
38%
40
385/8
19
19%
19%
193/4
19%
20%
18%
19%
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44%
40
43
413/4
42
18 %
17%
46
19
48
45%
44
19
18%
44%
18
18%
18%
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18 %
17
•
4,300
»•
49
*43
48
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48
*40
48%
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48
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59
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59
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59
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59
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59
15%
58%
15%
58%
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16;
15
16%
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16%
14%
*15%
15%
800
16
15%
15%
1,700
16
7¥«
26%
110%
*107
23%
22%
,
•
81%
27%
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223/4
15%
15%
16
7
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84%
27 y4
27%
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15 %
7
42
823/4
15%
16%
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85%
15%
16%
7
41
22
7
6%
42
40
84
81%
27%
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23 V*
27
26%
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110%
.
42
79%
27
107
.6%
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82
26%
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42
79%
110%
22
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*38
83%
26%
110y2
6%
40
48
•
81
:
27
22%
22
22
21%
40 3/4
40%
39 y8
40
40
39
393/4
38%
39
32 y4
32 ¥4
30V2
32
30%
29%
30
30
30
11%
11%
2,300
11%
11%
10%
11
101/2
103/4
10%
11
1,500
03
90
90
92
*90
17%
93
17%
47%
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17%
46%
93
17
46%
39%
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•
17
46 %
163/4
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*160
190
*160
190
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105
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105
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*112
63%
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63%
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113
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112 >/4
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107 'A
108%
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102%
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31 %
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163
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62
20'/a
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.
32%
40 3/4
•
103
1021%
20Va
-
32%
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60
*
$ per share
113
*101
102%
145
*643/4
142%
65
142%
643/4
—
3i%
32
32
32
393/4
40
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39%
163
—
143
47%
47%
*103
47
104
42%
*103
42%
11%
11%
*16%
Deo
Nov
Jun
76% Feb
16
66
Dec
37% Jan
6
I
T
*
14 %
*137
C
C
104
*103,
*63
*900
437/a
104
46
&
*103
103
38
104
11%
163/4
105/a
161/2
UV4
16%
11%
163%
11%-
16%
12%
13
13
13
13
13
*12¥a
14
*14
St
Louis Ry
*123/4
14
39
393/4"
.
133/4
133/4
14
'.
10%
Industries
*121%
163/a
30
30%
30%
40%
311/4
x29
29%
281%
29
29%
29 JA
28%
295/a
29V4
30%
X29
30
29
29
283/4
9%
97/a
*35%
363/4
35%
36%
23%
23 J/4
23
23 »/4
223/4
22%
23
23
87
84%
397/a
84%
85%
85%
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393/4
403/a
39
85
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40
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407/a
10
9%
36
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40%
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93%
9%
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35
-
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107
-
40
39%
20%
20 y8
3%
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122%
26
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6%
27%
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21
22
103/4
3%
3%
122%
123
3l3/8
323/a
313/4
39%
108
20%
03/a
22%
460
39%
123
33/a
3%
3%
1213/4
123%
321/4
1223/4
32%
123
313/4
32%
141%
14%
14%
14%
14
26'
25%
25%
25
32
14
26
25%
35
6%
6%
27%
6%
26%
6%
27%
26
106 3/i
20%
143/4
141/4
45%
16%
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21%
14%
45 y8
173/a
36%
35
6%
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19/4
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34
18 %
18 3/a
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106%
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42%
413/4
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34
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18%
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38%
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9%
18%
♦104
107%
38%
19%
107 %
38%
108
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9%
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183/4,
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108
9
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18
3,000
17%
1,400
112%
112%
41%
40
•
19
41
112%
39 ¥a
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9%
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38%
18%
107%
'38%
108
105
9%
83/4
38%
105
17%
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105
18%
17%
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107%
38
36%
-
105
,
r
400
41
104
'
;
8%
8%
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104
47%
47
11%
103/4
11%
10%
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10%
10%
37'■'
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35
353/8,;
35
36%
16%
16 %
35%
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16%
35%
353/4
16
16
16
16-
15%
48%,
46%
t
,
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16%
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48%
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48%
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13%
133/4
133/8
14
13%
13%
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54
64
54
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15%.
133/4 [
'
47 %
13%
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56
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55%
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27
103
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v
13%
56%
15
104
69%
192
-
102%
103
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69%
70
69%
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192
13%
47
46%
46%
'■'-•
I
"
10 "
36
15%
14%
47%
47%
*47%
14
13%
13%
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•'53
13%
13
55%
27
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103
Ml >52%
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,
'
,
.
13%'
54
70%
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695/e
700
12%
Y
'70%
2,500:
Deo
iiut
25
Nov
72%
Deo
3
152,% Jan
conv
130
*r
No par
Oct
37
165 ?.
:
llOO
200.
7
May 31
26;!
Sep 12
Oct
j
-
^
Conv
pref
;
46%
Jun
46%
Jun
29
47
Jan
28
50% NOV
60
Nov
14
Jan
24
48
Apr 22
8% Sep
82
24
<
..
Sep .25
?.
r
106 y4 Apr
19
a
2
24 Va Nov 22
\J38
Oct,
9
10 !
9 ;
101
...
•
50
106 !
1
Corp——1
Corn
Co
4,400
i 20 *
6,600
40,8
Exch
22'
Coty
8,700;
Crane
600
400
1,000 {
300
Nov 22
18
July 18
10
10
113 7/a Mar 29
Trust
Xl2% Nov 22
.20
r-62
Sep 11
Coty
Inc
Internat
3¥* 7c
Cream
Co
Corp.!—;
common—!—!
preferred—
of
Wheat
J3ep 20
Feb
'
40% Nov
8% Jan
•93% July
'
*17% Deo
109% Deo
Jan
50
106 V* July
113
37%
10%
Apr
46
Jan
17%
Sep
Deo
Deo
20
Deo
43
Nov
28%
Deo
55%
NOV
59% Oct
x23% May 29
30% Feb
1
Jan
19
16
Jan
23% Feb 16
47% Feb
12% J&n
19% Deo
Apr 24
49% Jan
63 ¥4 Jun
16% Aug
26%
56
60
27% Jan 18
67% Jan 21
39% May 29
109% Aug 14
;
52% Mar
64%
30
3trya
Jun
Deo
Oct
Oct
108
Deo
Jan
71
Oct
101 ¥* Aug
12
68 y4
210 Vc Mar 30
182%
Jan
199
6
Jan
13
3%
Jan
T%
Dee
25 ¥4
Jan
43%
Deo
99% Aug
108%
Deo
70 y2 Aug
7
48
115
.
Apr
149% May 23
lloya Aug
]8
35% Jan 14
391/4 Feb
1
Jan
14
62
a
,
26 %
8% Jan
Nov
10
108% Jan
29% July
Y 49% Jun 17
Oct
Deo
29
30
V 32
Deo
45
17% Aug
18
10
Sep 10
20% Sep 24
35%
Jan
Oct
28,
Deo
45% Deo
'
Jan
103
-
Jan
24
4% Oct
r100
Corp (The)
2
Crosley Corp (The)-!—No per
Crown Cork & Seal.,—
No par
$2 preferred ——-—..No par
22
Jan
63!
31
—1
'—25
31%
27%
8
14% Apr 10
7% Jan 29
7% Nov 22!
_1
109% May
18% Feb
Oct, 31
Corning Glass Works common.—5 YY 25% Oct 30
;~3%7c ; preferred-.*—i-.Y——100
102 % NOV 18
Com Products Refining-—
.25
58% May. <8Preferred
190,
Sep 24 fi
1,800
1,600'
200
Bank
Sep
Nov *
Aug 26
'
Cornell-Dublier Electric
50
11% July
Jan- 8
53% Jun
•,
60
7% Dec
34% Nov
28
109 Vs Jan
j8% NOV 21
:
3% Mar
Jan
24%
54 y» Apr
Sep-23,
33% Oct'30
_5
—14 ••>-.15' NOV 22 r
13 % NoV! W~
.No par
46 V2 Oct
9
No par
4
12% Oct 30
-39% Oct
6
115% Mar 15
46% Oct 29
10
Oct' 10;
1
Hoy
26% Mar
29% Jan
.6
32
9-
4
34%
28% Jan
;
Feb
47
'
—10
Motors—*,.,:——'—1
Jan
25% July 12
33% Sep 19
L104
4% Nov
124% Deo
&
1093/b Jan
.12%Feb:26^
No par
17.
,23% Apr 20
60 Y May 27
33% Jan 17
18
35% Sep
■
Deo
53% Sep
H Jan
89
•10% Feb
143/4 Nov 22
No par
-20
Dec
25%
.36
.
42% Jan
116%
36ysJun
'4
17% Sep. 10 <
14% Novell;
e
Deo
40% May 13
55% May 13
•
A% Oct
105% Sep
,
Jan
15% Aug
,18% Sep
-
243/4 Oct
t
;
39
110
5% Jan 31
132
Feb
1
Sep "10
•29% Sep
4/.
12% Nov 22
/
6
123
•
111
.
Deo
10
July 15
32% May 13
,59% Jun
Sep 26
Nov .22
2»/4 Jan
11% Deo
41% Oct
28
60% Aug 19
.36% Oct 80
106
; *
-
36% May 21
36% Oct 10
•.
1
3,600
60% Jun
Jan
21% Nov 22
r„10
"'490
Dec
Dee
18% Deo
18%'Deo
47
30
32% Nov 22
•
series—
Deo
Deo
Oct
283/4 Nov 22
t
Baking Co—'—No par
5%
Nov
Y 50%
a
14
28
Continental Can Inc
-20
$3.75
preferred—!
Y—No par
Continental Diamond'Fibre
*—5
Del—,
1,600
Continental Steel Corp—Y
2,200 .
Cooper-JBessemeg Corp.—
10;
$8* prior preferred.
2,200' .•£ppperw£jd Steel
49 Y
106
106
Jan
14
Nov
14
25
Continental "Oil1 of
31% Feb
101% Oct
Oct
73
Jan
111% Sep
Insurance.
J83
;
Jan
22
-
May
09% Deo
34%
Y
$ per share
130
Aug 20
;
Highest
I per phare
Feb 11
63% Jun 6
"23% Jan 29
24% Feb 16
41
Jan 18
24
Continental
Lowest
f:'
38
16% Sep
Continental
Deo
39
17% Nov
preferred—w-—-
Year 1Mb
i-
,60% July 1%
110
'
80
Consol
Consumers Pow $4.50 pfd
.Container Corp of America
Oct
155
12% Oct SO?-
2.50
No par
»
Consol RR of.; Cuba* 6 ^ pfdwi-^JOQ
Inc
Sep
53%
.A9%May|p
12% Nov' 19 Y
13
Sep 19
100
2.50
Credit!——!
Continental
Nov
41%
$ per share
9
15% Oct 30
preferred—.100
Stores
Jun
59
36% May 21
16% Oct .10
'
—20
.
Retail
100
9
<60% Jun
•
23
42% Feb
102
No par
—
Apr
4
July
Highest
Jan
62
—No par
Conde Nast Pub Inc new
.
110%
Apr. 18
'
Oct
683/4 Nov
5
Range for Previous "
No par
;—No par
Sys Inc cl A
B
May 20
44%Feb
Lowest
preferred
1st
May
115
Range Since January 1
2nd preferred
non-cum
Dec
105
62
2
i,
205
106
%
39% Nov 22
•
Feb 27
"
(The)—.
non-cura
7c
14,100
7,200'
140
..
,
Y
•
YL00
Aikman—
2,400'
-
*54
263/4
54
.
10%,
35
48%
54
,8%;
46%{
"
15% .15
143/4
13%
55
*■
&
1Y $5.50.
11,400
36%
46%
Aug
105
■
11%
47
6,200l
'
,
373/8
36%
-
3,700
.
17%
107% ?
8%
46%
10%
47%
.
,
,
'
9
23
1
No par
.
143/4
.17%
18%
107%
373/4
•
17%
19
18%
•
24% Sep
Inc—
Congoleum-Nairn Inp
„•
No par
700
Consolidated Cigar———:
No par
Consol Goppermioes Corp_-<
6,100
_5
22,100 ,•> Consol ;Edisonr of
Y*~;
N<? pat
$5 preferred—
900,
No par
2,100'
Consolidated Grocers Corp—1.03 %
Consol
Laundries Corp„
1,100;
Consolidated Natural. Gas
5,400;
—„45
Consolidated Vultee Aircraft-:
14,000"
:1
44
'
16%
19
3,200 Y
177/a
;45'/4
15%
112%
42
*104
-
,
18%
f <
19
,88
5
108% Mar
22
.
253/4:
*14%
,
"
'
1063/4 1063/4
106*%
18
1,123/4
*41%
6%
6%
26
16%
'
15,100'
,
(
'
18%
112%
34.
■
63/a
41%
20%
112%
42
343/8
19
19 V\
112%
32
13%
25%
'16%
9
80
17
Jun .25
56% Feb
Commonwealth & Southern—No parpreferred series
—No par
•Commonwealth Edison1 <?©y
25
'
313/4
'
99 % Jan
$3.60 preferred--—^.,—i..—-100
Commercial Solvents———Not par
.
121%
<
25
63/4
45
16%
19
Co
Commercial
950
40,000 '
125,700
3,300
•
'
451/4
161/2
140% Deo
7
4
•
20 Y Nov
$4.25
cum
pfd w w——No par
Columbus Ss Southern Ohio Elec—10
8,100
;
•
12%
19%
19
Nov
.108
Jan. .6
113% Jan 10
Sep. 18Y
Sep 10 Y
50
50
Co
7
.
19,600
31/8
24'
*141/4
14%
48
May 10
.205
2
Ne par
gtd.^
preferred_>Y
Class
200
,
14'/4
26%
.6%
26
;21
121.
106
;
No par
Columbia Carbon Co~———No par
Columbia Pictures com
—No par
1,300
r
40
3%
106 ¥a
.
106%
Dec
Jan 30
:Feb
108% Mar
12
Jan
H
521
Columbia Gas $ Elec
1,100
19%
25
25
v
""
43
*13%
35
3,100
108
19
106%
26%
107 Y
21
21
18%
*35%
107
107
18% '
36%
38%
1. 3/a
109
100
A
Columbia Br'd
44,500
39%
108
19i%
143/4
36%
39%
109
1083/4
19%
3.'/4
33/a
No par
———-4
cum
4 7c
3,400
87
39%
il05/
(The).——1
Colorado & Southern—
,
4
21%
*84%
39%
38%
10a
5%
340
->
33
21%
88
178% Sep
.100
Colo Fuel & Iron Corp—^—No
par
,
-95/a
32%
19%
26
17%
*
108
123
i5ya
*14%
45% '45%
.
40
106
20%
33/a
32%
'*14%
39
107'%
20
1227/a
32 y4
40%
106%
107
U00
Colgate-Palmolive-Peet
$3.50
Collins
;
'
34
j
-
* May
22
.
Coca-Cola International Corp No par-
2,000'
29
*35
Class
12,200
29%
29%
10
Coca-Cola
•
,
800
11%
16%
163/4
30
9%
Co
'
*12%
Deo
15
38 % May 11
t71% Jan! 18
9
21.
$ per share
40
14%
13%
14%
14%
8
58% Apr
9
44% May 23
15% Nov 22 ">
44% Sep 10 v
NEW YORK STOCK
3,700,
;■
14
13%
14 y4
*12%
14%
S23.
';
•
Jan
38% July
30
__5
I._No par
Dec
114
10
NOV
'
27
28% Nov
7
90
EXCHANGE
500
38
42%
15
14%
_5
2
15
63.
141
19 ;
.
Deo
:
i MVs NOVY22 Y
36% Oct
64
."'J
Nov;
273/8 Sep
9% Oct
Oct
17
25% July 11
.100
!
Peabody &
.,
330
45
104
167/a
•12%
213/4 Sep
110
Dec
59%
25% Jan
4
1/
Sep.11 S
No par
:
Graph Bronze Co
5% preferred—
Cluett
_!
.44
113/a
41
*
37%
•
673/4 jan
75% Oct. 30
.
Shares
63%
*40%
*40
36
8
.69% Jan 11.
7
Oct;
No.par
preferred—.:
the Week
142%
64
14%
16%
14%
140
113/4
*13
15
*13
*103
r
;
6% Apr:
.
8.50
Co
—
Nov 22
14
5
preferred
Stores
»
14% Nov/21 Y
Y100
Corp
11% July
;Y
47.3/s NovY 6
—25
.
Fuel——
Investing
IT-
10
581/2 Nov
Milling Machine Co^_10
&
Clinton
Sales for
63
46
•
.
No par
:
Financial
Ice
Preferred
$ per share
*900
45%
34% Jun
24
2,500
.
Nov, 22
423/4
11%
14%
47
12%
Jan
34% Sep
163
140
64%
*900.
-w
46
104
*41
17
*13%
47%
64
Jun
Jan
preferred w i
100
Chicago Pneumat Tool—!_„No par
$3.conv preferred.
—.—No.par
Pr pf
($2.50) cum div
No par
Chicago' Yellow Cab
S-—Nopaf
Chickasha Cotton Oil.
,L
10
5%.
3,000
Friday
$ per share
142%. 142%
643/4
5%
24
:
83
Special gtd 4 7o stock
Climax Molybdenum
'
*64
•
16
153/4 July 10
.
74
STOCKS
Nov, 21
*900
„
33% Feb
-
Jun
Jun
49%
Clev & Pitts RR Co 7%
—
12,900
39%
*150
Thursday
*141 %
643/4
*900
•».—
26
6% Mar
j
14% July 11
,17% Jan 25
Jan
17
1
61
20%
Nov. 20
1
22
Dec
58% Oct
28
43% Jan
Clev
10
v
20
$ per share
Jan
15%
26 % Jan
10 '
10
14%
47% Mar
17
•18% Jan 23
19
w
Clev El Ilium $4.50 pfd
•;
400
108%
*57
Wednesday
$ per share
25% May 20
Sep 24
Oct
66% Jun
:
108 3%
15% Sep
City
"20
.
20%';
Nov. 19
$ per share
Nov
9
i—No par
■5%
60
1071/4
Cl
Tuesday
Nov. 18
17
Apr
29
C
•
-
Jan
32
28
,
:
40%
163
Oct
U2~
15
114
Y
10
823/4 Jan
Clark Equipment—
;
7
33
.38% Jan
5% %
5,500
30
'
21% Mar
19
City
City
500
20%
32
40
*150
*57
20s/a
32
41
*101
62
*57
20%
163
*150
Monday
Nov. 16
*900
Dec
^
31
10
LOW AND HIGH SALE PRICES
Saturday
*140
16%
1
Jan
25% Oct
■
62%
*1003/4
203/4
46%
*501/4
60%
102%
62
:
105
108 y2
*150
Dec
Jan
Nov
11% Sep
C
•
190
105
*iooy8
20%
46%
*90
*io7y4
*57
46%
190
108 %
62
46%
*160
102 %
207/a
16%
48
107 %
20%
15%
190
*100%
31
16%
105
113
60 %
153/4
*46
105
113
17%
*90
*160
190
*57
Y 50%
-9
16
303/a Oct
92
39 y2
93
60 %
Jan
20% Jun
No par.
:100
Cincinnati
12,300
301/2
ays
*112
40
Y 33
Apr
33/4 Oct
Cinn Gas & Elec common.
Preferred
_i
1,900
32%
47¥4
Mar
No par
Co——
Copper Co
Chrysler Corp^.
24,900 ;
43
7
11% Oct
l
cl A—25
B
Chile
;
21%
Ry Co
JChiJds
.
13,500
110%
11 %
*
,
20
40 %
*
t
3,000
,
32%
17 ¥4
25
% July
13
5% Oct
Y_50 '
Louis
Chicago & Northwest'n
t
*43
&
Chic Milw St PI P ytc.j.i
Series A preferred——
I
'
17%
preferred—
Class
.
5,000
48%
y»
5%
Chiclnd
15,800
13%
41
>.
Feb
10%
16--;
May
9% Oct 10 Y
IVi Nov.21 i
.
Dec
115%
17
% Jan
4% Oct 101
'
22,000
39%
19%
14%
■—
>
11 ¥4
13% Nov
109% Jan
Feb
17% Mar 12
Y 483/4 Oct 10
Chicago Corp (The).!'— I
1'
Chicago Great West RR Co„—_50 1
t
1,200
20%
JS
25% Dec
21% Sep
31% Dec
18% Jan
20% Apr
4% Jan
11% Nov
,
-
Jan
Jan
Sep
12 % Oct
^_25
Dec
Jan
July 31:
105
No. par
■
40
Class ' A
4,000
43
*90
24
OQ
213% Nov
Chiq & East 111. RR Co—!
Jun
159
Apr 22
Jan
23 % Nov
—1.25
110
v
|Y8
No par
Mfg„—
Nov
9
No par
preferred—
71
14%
8% Oct 10
Deo
Jan
104% May
1
No par v
new
Chesapeake & Ohio: Ry_-!
! 2,400
42%
22%
Sep
Dec
48%
Dec
47%
3
•
Co
Jan
175
,
14
Jan
i—Y Y 26 Vb
Co
Mills—
Chesapeake Corp of Va-!-
3,400
8%
20%
27%
Jan
10
Jan
3
Sep
20
;
UQ0
Sugar
t
20,300
7%
>
14
*107
20
•
l
j
4,300
13%
9%
7%
*8
8%
$4.50
49%
-
Belt
Checker.; Cab
■
*20%
51'
.
85
New Jersey—
Chain
'
21%
7
of
Violeta
.
Champion Pap & Fib Co
16%
>
16%
49%
7
*40
RR
1,000
22%
19
19
Oct
-
Hudson G & E
2,100
24
52%
48%
104% Sep
•138
Y.22% Jan
-
Highest
$ per share
Jan
127
27
>
52
*5%
tCent
Central
5%
35%
600*
Century Ribbon
11% Nov -22
No-par,;
3,100 Y Cerro de Pasco Copper.—*—!.No
Y 31 ¥4 Sep
par
13,600 i Certain-teed Productsi
i
1
143/a Jan •
34%
= 4:
600
2
152
CorpJVo par
YY9
Sep
Jll Lt 4%% preferred-ilOO. -110% Jun
Cent NY Pr
Corp pfd 3.40^ ser_100
90
700 '<
•.
•
*12%
Jan
$ per share
Nov
Central
'
273i
13 1
Lowest
,18% Nov
par
i
7rt3/-
54% Nov
.
100
T
Y
$ per share
..
10
29
13 Y
par
_
Year 1945
Highest
,
6% Oct =30
153
■
par
preferred—!—No
2nd preferred—
Central
Y
30
.
200
9%
*27%
,f.
3,700
!> Y
96
*9
;lst
$4,75
Y/o
i
5,000 ¥ Central Foundry Co—'
'*
114 Y
*21
7%
_'r—No
Corp of Amer new_No
v
31% Nov
..——loo
Tractor
Y Celotex •
Corp-—^U^^JNo par
700 & Y'5%
preferred,...!.,—i-20
3,000
Central. Aguirre Assoc-;.;-—No par.
'
10 '/a
*112%
.25
Preferred
Celanese
f
Y
.w.-l
Co
Caterpillar
110
•
13%
*26
16%
11%
I)
Range for Previous
Since January 1
Lowest
$ per share
6,500
•*
Y 35%*
24%
*6%
(J
600 Y
•
•■'S'lVA*.
112
16
i-i
:*13
26 '
112
3,700
v
1
29 Y
29
13%
35%:;:35%
17% > 17%
*
90
,
14,300
10
,
Case
!
96 f
<
Carriers & General Corp—
1,000
•
10%
YYY Range
Par
4,200 i
•
112%
.r*94
-
*12,
*
-
9%
10
STOCK
Shares
21%
: 112%
,10%
*29
$ per share
20%
21 ;;
j
10%
*10
S per shares
'■
Y
9%
■
YORK
EXCHANGE
,
~$ per share '
144"
*20%
NEW
the Week
Y'25%.; 26
10
*10
22
19%
26%
*112% 113
v*9^
96
Sales for
Friday
Y
Nov. 21
106%
20%
*9V4
STOCKS
Thursday
<i:-
*105%
21%.: 31%
.i
Y
Y
57
"Y 19%
*142% .144
f
-
PRICES
160-T
56%
:.;i
19%
20
*106
.107
■
SALE
YY- Wednesday
'Y'YYf! Nov. 20
7 ::
*156
160
HIGH
Nov. 19
33% : 33%
%
j 57%
57 V*
v
Y
$ per share
AND
'Tuesday
t
Nov. 18
24
Jan
28% Mar
37
Jan
49% Nov
34%
Deo
Deo
Dec
41
Jun
59%
Dec
53
Deo
COMMERCIAI^^INANOAL CHRONICLE
4EHE
Monday/November 25; 1946
NEW YORK STOCK RECORD
STOCKS
LOW AND HIGH SALE PRICES
'
:
Nov. 16
■
■
>117
;■%'
33%
♦117 !:'i 122
33%
'•98
24%
v
37%
99%
;:?#■ 37%
99%
37%
'V
•165
175
*165
•94%
;*i7%
11%
5
112
19%
19%
'
26%
26%
97%
/ 96
96
95%
24%
25%
24%
95%
24%
600
26
20
19%
19%
19
19%
2,500
-
*68%
•129
135
97%
16%
*16%
110
108
6%
6%
18%
18%
22,600
6%
18%
18
100
.
7,400
Press
Inc
preferred
Cushman's Sons Inc 7%
900
*19%
20
500
Dana
*95
97
20
26%
26%
27
26 3A
21
21%
21
21%
*19%
22
97
115% July
9
Jan
8
Oct 10
66
Jun
11
Oct
18
Sep
19
103
26
Nov 22
76% Apr 29«
60
Sep 11
5% Oct 10
17% Oct 30
128
Oct 29
Oct
26
12% Feb
4'
34% Feb
2
56
July 18
45
May 20
Dec
24%
Mar
NOT
Oct
122% Apr
59% Jan
154
5% Aug
18% Jan
9
118
145
10
Sep
102
Jan
9
Deo
61% not
Jan
28
Jan 24
Oct 25
Deo
:
*150
99% Dec
24% July 8
82% May 16
16% Nov 20
45
25%
Mar 25
106 ;
42
29
145% Jan
165
Not
Not
•111
Jan
AUg
,16
5
Jan
Not
Not
52%
Jan
25 >
,8
10
Dee
112
124
Der
87%
46% Jan
30%
Oct
35%
28% Jan
10
No par
106%
9
4 per share
Jan
106
10
1
100
pfd
Cutler-Hammer Inc
26%
5
95
No par
_
20%
54% Feb 16
1
Curtiss-Wright
>
Class A
12
Apr 12
150
Highest
$ per share
35
5
26 3A
26%
160
30
preferred
Prior
*
135
*129
135
♦129
4%%
22
Oct
17% Oct
100
—
Cudahy Packing Co
;
400
5%
preferred
Oct
9
Sep 19
Sep 10
95% Nov 22
100
10
Cunningham Drug Stores Inc._2.50
Curtis Pub Co (The)
No par
$7 preferred
i
;
No par
69
26%
27%
y'y.1%
170
68
68%
......
Cuban-American Sugar
40% Apr
110% Feb
29% Nov 22
..
Cuneo
107
106%
107
107
preferred
No par
100
Cuba RR 6to preferred
22,900
10%
10
5%
25
103
110
400
50
♦41
10%
5
No par
No par J
Lowest
<
t per share
$ per share
Par
i
,
Year 1945
-,r Lowest
t--'
400
16%
16%
50
10%
-
■
200
99
|
«
.
—
2,700
35%
*95
17%
*43
10%
,68%
6% ,;
19%
135
;
6%
97%
50
10%
70
..'19
36
99
•41
111
111
35
35%
-
;
'
,
.; $ %
^
Crucible Steel of Amer
,
660
175
*165
36%
*94%
17
175
•165
175 ,"
35%
11
6%
*26%
30
46%
19 Va
•129
135
*129
29%
16%
17
70
19
30%
19%
99%
10%
6%
6%
6%
37%
46%
113
•68%
70%
•68
36%
11
113
30
*165
17%
10%
-
7,300
*117
33%
f
175
46 Va
fse<46%
48
'11%
37%
100
100
•24%
*94%
-r ;
105%
117
*97
97%
25
20
>165
«
100
.**17
i7%
*46%
*108
20%
175
20%
20% "20%
1053/8
117
121%
*117%
34
a25
.•19%
27%
106
118%
33
97%
,,
...,
27%
•105%
28%
'
Crown Zellerbach Corp
$4.20
preferred
$ $4 2nd preferred _•
2,500
27
26%
^
Range Since January 1
*
Highest
%
EXCHANGE
?;•>
Shares
Range for Previous
NEW YORK STOCK
'
;
the Week
$ per share
$ per share
106
*105%
122
32%
33%
97%
24
26
28%
28%' 28%
*105%. 1064
♦117
97%
33%
ioo
•24%*
!
;
106
122
*105%
:
'
Sales for
Friday
Nov. 22
Nov. 21
■
% per share
$ per share
,
29%
29 %
30
105%
♦29%
105%
share
$ pet
,
$ per share
Nov. 20 ■■
Nov. 19
<
'Thursday
Wednesday
y
Tuesday
Monisf
Nov. 18
Saturday
Oct
Not
30%
:
Sep
35%
Oct
75%
Oct
125
Oct
37%
Deo
27% Dee
28
Deo
16% Jan
28
Deo
114
Deo
Apr
D
'
21% '21%
*95
98%
97 ;
97
*96
98
19%
19%
19%
19%
*18%
19%
18%
18%
16%
17%
16%
17
16%
163/4
16%
32%
31%
32%
32 %
323/4
32
*97
•
••
ih%
X32
*111% 113%
17%
163/a
16%
3,800
32 %
31
313/4
7,100
17%
16%
17
17%
17%
18%
13
18
18%'
18%
18%
19
36%
36%
35%
36
35
35%
34%
35
36
35%
36
36
35%
35%
36'
35%
35%
35
7%
7 3/a
7
7%
7%
24%
->*>
24%
:
68
%
>-• i *64
18
*35%
36
„
35%
:
V
63/4
24%
24%
10
16%
Jun
Oct
10
28
Apr 17
21
Jan
25%
Dee
60
Oct 10
77
Feb 25
67
Jan
75
Sep
23% Sep 24
25%
Deo
29% Dee
50% Apr
33
Aug
45% Not
50
40%
Jan
48
16%
Jan
35
Deo
Jan
109
Mar
17% Mar
50
Deo
47
56
Deo
29%
Oct
Devoe
1,400
Diamond
173/4
18
173/4
.173/4
27%
26%
26%
26%
263/4
25%
263A
37%
37%
38%
37%
37%
36
37
36%
36%
43'A
43
43%
43
43
43
*423/4
43
600
18%
18%
18%
17%
18
17%
17%
18
2,000
ll.'A
16%
16%
16%
16%
15%
15%
15%
31
52
:k
29
30%
293/4
30%
*49%
51
51
51
240
27%
27
27%
*26%
27
25%
27
900
28%
28%
29%
283A
28%
28 3/a
29
4,900
Pepper Co.;
Doehler-Jarvis Corp
17%
17
173/8
17-
17 %
167/b
17%
5,100
Dome
Mines Ltd
No par
68%
67
68
64%
66
63%
65
7,600
Douglas Aircraft
No par
157%
3,200
67%
156%
,
•<114
-.
r
t 97%
16%
*113
114
17
*96 %
17
16%
25%
25%
25
;
r
;
,
v
r 16.
15%
v
*125%
1263/4
*125%
16
*15%
15%
113%
91
Du
de
P
Monday
li Nov. 18
900
Duquesne Light 5%
D W O Cigar Corp
Sales for
NEW YORK
15
Nov. 19
$ per
I per share
/
Friday
Thursday
Nov. 21
.
the Week
Nov. 22
1st pfd
100
5
23
.
Oct 30
Sep 20
Oct
7
Sep 20
65
29% Not
Mar
100% Dee
122% Jan
167% Deo
110%
Jan
115
Apr
111% Dec
113
12
Oct
-33% Jon
27
33% Jan 17
116 - Apr 12
41% May 10
583A
227 '
133 116%
21
Jan
;
22% Jan
Dee
28
13
3
5
May 21
Mar
30%
Deo
20% Aug
May
Jun
July
Feb
.34%
Deo
155
192%
Jan
125% Jan
113
Oct
Oct
129
Feb
117
Mar
Range for Previous
Year 1945
Range Since January 1
Lowest
Highest
STOCK
EXCHANGE
•
Pair
Shares
Sper share
$ per share
$ per share
$ per share
share
No par
...
Oct
161 «
125%
112%
13%
18
1087AMar25
192- Jun
7
118
Jun 27
26
11
Mar
Not
Mar 19
37yaMay31
'293/4 Feb 6
' Nov 20
25
20
& Co
48
STOCKS
Wednesday
Nov. 20
Tuesday
Nov. 16
(E I)
$4.50 preferred
40~
9
52
Oct 14
15
1
__No par
Nemours
LOW AND HIGH SALE PRICES
Saturday
A
Duplan Corp
115
14%
15%
15%
..
Dunhill
127%
*113%
114%
100
common__No par
series
conv
1,400
166
163%
preferred
International
5
105
Apr 24
623A Jun 10
22
16
22
10
19
22
153/a Oct
4,000
25%
25%
26
1673A
50c
Co
preferred
33A %
.
800
16
153/4
16%
25%
No par
Chemical
$4
No par
4
Ayg 26
30
July 10
109% Feb
5
293/4 Nov
46Vi Sep
25% Nov
x233A Sep
16% Sep
635/8 Nov
143% Feb
llPA Oct
No par
No par
A
Dresser
200
97%
Xl65%
Dow
9,300
97%
Co common
9
34% Jan 14
Industries
Class
Dr.
500
17
16%
17%
98
16%
163/4
172
*125% 1263A
114% 114%
..
>15%
16%
114
*113
114
*96%
.
,
25%
160%
170% 172% .1 A 168% 170%
*125% 126%
126"%
*114% 116
115
115
*125%
98
157%
159%
*113
17%
16%
98
16%
26%
1573/a
159%
114%
16%
r.
16%
i'v-; 25%
159%
159%
'
.
*97%
17%
v
Cup
x30%
50
17%
97%
'
Dixie
31
9
Nov 21
Oct 29
xl5
105
100
50
.
r
17%
;
1,700
preferred
39%May
57% Jun
7% Mar
13
10
16% Oct
2
new
Aug
24
Sep 23
42
2
30%
68%
,
5%
Corp-Seagr's Ltd
30
34% Oct
25
30%
<■
17%
67%
400
No par
Motor Car Co.u
28%
<
,159% 161
114
114
h
Distil
T
50
X27%
27%
29
Match
partic preferred
24
15% Oct
12.50
50:
<
52:
jyl 17%
105
105
6%
Raynolds class A
Diamond
36,700
105
105
&
30%
"
31%
_
105%
*105
105%
105%
105%
.?
27%
.
:
50
2,800
18
* 105 %
?
Lack & Western
1,700
17%
*.$•; i6%
L.v
Delaware
25% Sep
100
173/4
18%
svi.
& Hudson
Detroit Hillsdale & S W RR Co—100
De Vilblss Co
5
26%
37%
47% May
Deo
40%
63^ Oct
17%
Xl5
39% Mar
34% Aug
34% Jan
23
27"
*423/4
3
58% Jun
20
173/4
■
'•
333A Oct 31
Detroit Edison
37%
43%
;'
w
20
Delaware
17%
v
33% Nov 22
42% July 26
50% Jan 29
16% Jan 16
26%
K
No par
Preferred
68
*64
68
*64
68
Sep
21% Nov 12
Nov 22
17
108%
7
34% Apr 20
16% Oct 30
50c
;__50c
Jan
113
6
13
23
31
1,600
7,300
7
6%
24
110% Jun
15
15
,
2,600
33%
33%
6%
24
24%
*64
68
36%
Co
Inc new
Nov 22
16% Nov 19
28
Sep 23
100
Ruber Mfg
Decca Records
29
iluly
98% Nov
34
May
31% May
36%July
18
Sep
4
96% Oct 30
17
Deere & Co
10,700
1,700
*
7%
24
24%
24%
*64
36%
35%
33
35
18
345/8
preferred
Dayton
4,700
17
33%
t
1,70U
IT/2
17%
173/4
18
'■tiki 17%
4%%
*1103/8 111%
113%
1
pfd 33/4% series A
100
Davega Stores Corp N Y
5
Davison Chemical Corp (The)
1
Dayton Power & Light Co (The)._7
700
16%
*110%
113%
*1103/«
113%
*110%
17
Corp
Cum
$ per share
Lowest
Highest
$ per shdre
$ per share
S per share
E
21%
19 »A
21%
19%
21%
22%
18%
22
19%
38%
^
"
*39
40
*215%
>IBO
mi
217
210
211
*208
210
*190
194
190
190
42,
42
42%
26%
26%
26
26
1033/4
*103
37
,
41%
42
413A
42 3A
•"
*25%
26
*25%
26 3A
26%
*103
203/4
21%
110
111%
63/4
6"%
6% ;
51
13%
14%"-
37
37
3%
15%
15
*106%
108
•
*
37
33/4
33/4
15%
153/4
15%
*154
156
154
145
145
145
44%
*42%
1533/a
154
145
33/4
*42%
*144
*70%
153
153%
*143
/
147
142%
144
142
142%
1,100
1,000
Electric
49
2,400
El
123/s
13%
12%
13
12%
12%
11%
12%
6,200
18%
,18%
17%
18% '
*70%
72%
72%
108
18%
18
18
1,400
17
17%
1,600
Empire District
*67
71%
*106
25%
253A
25%
'
1047/a
104%
104%
104
108
107
107%
*105
107
109
109
•108
110
108
108
*106%
108
11%
54%
«903A'
95
54
*18%
■v-
11%
19
'
;
18%
26
'
.
r
73/8
-
11%
10%
11'A
10%
52%
*903/4
-11%
18% A
11%
24%
253/4
22%
37
36%
36%
8
*73A
49%7*
•'•*49
223/a
.
83/4
8%
8%
11%
*21%
7 *51
V; 54
♦105%
23
223A
11%
"
42%
22%
21%
51%
*51
■'
40
413A
11%
51
54
18%
:
:
*:■ *1053/8 106% 7
7:547:™' 54% '
54
18%
52%
-106%
11%
11%
23'A
Ever sharp
Ex-Cell-O
.Evans
300
.100
RR
50
Co
Products
Feb
25
5
80% Feb
10
353/4 Apr
5
483A Jan 24
Dec
Jan
71
Deo
14
Jan
24% Deo
8% May
*
19
24
20
8
,L,
TJ,
5
Inc
1
3
2.50
Corp
Buffet
1,200
Fairbanks
Morse
3,600
Fajardo Sug Co of Pr Rico
.
Corp
109
Jan
158
Deo
July 10
103
Jan
146
Deo
56% Jun 18
613/4 Jun 25
20
21%
3
8%
22%
30% Feb
2
43% Mar 29
6,700
Federal Light & Traction
22%
223/8
23
3,200
101%
*101%
103
60
4C%
*38%
40%
500
41%
*39%
413A
1,000
1,800
9,000
11 >"■.
11%
105/a
223/a
23
21
107
11%
107
22% •
;
107
$6
Federal
Min
&
Federal
21%
:
21%
203A
21
205/s
51
51%
50%
50%
50%
|i;21
533A
106%*
513/4
'51
53%
♦106
107'
'
*105
1
53%
17%
53%
:-.-'-*54:7'
18
173/4
17
m
27%
27 7A
26%
27%
27%
t
♦107%
*107%
109"
*107%
-
55
54
--
51
52%
107
54%-"
4%%
conv
54
16%
16%
26
26%
Ferro
Fidel Phen
52
6,800
Firestone
.
/
54
:
'
25%
107%
1,200
1,100
107
16
107
17%
:
50%;
f:
*106
100
Enamel
4%%
Corp
Tire
Ins N Y
&
*
Rubber
preferred
First National
800
preferred
Fire
...
10
3
9
12
20
1
102% May 28
28
10
10
53/4 Jan 30
23% Jan 28
93
30
95
Flintkote
Jan
27 Va
Dec
81
Jan 24
41% Apr
9
106% Jan 15
111
Deo
Mar
62
103
Sep
16
Jan
100%
Jan
Mar
8
100%
111% Mar
6
101
Sep
Sep
1
May
110
273/4
28
;'*107% 109
*33%
17
*23%
$,14%
15%
*80
21%
26%
*243/4
47%
For
:
•7v
35
v
34
34% 77
17 *
17
24
23%
23%
*34%
17%"
14% 7.
143/4
14%
15%
7
15%
153/B
82
V
213/4 /•
26%
*80
82
:
21%
.
*22
24
*22
14
13%
13%
15%
15%
15%
16
80
81
80
78
78%
20%
7
20%
21
7
26%
26%
24
47%
47%
47%
47%
48
■
2707.
111
7:
108%
'80.
.
'
20%
*253A
.*23 ';7
47%
20%:
,' 78
19%
v
;
100
Stove
Power
Co
Corp
7%
:
1,200
Florsheim Shoe class A new.No par
Follarisbee Steel Corp
10
Food
78%;
1,500
1,800
Food
195A
26% V
22%
225/a
47
46
47
J
700
2,000
Stores
Machinery
Foster-Wheeler
80
¥
Fair
;
<
6%
Inc
Nopar
Corp
..._10
_lo
Corp
prior preferred
Francisco Sugar Co....
Freeport
Sulphur
Co
;
..25
No par
10
Jun
Jan 17
68%
Jan
86
Deo
Jan 29
86
Jhn
92
Not
Dec
Deo
11% Jan
15% Jan
28%
30
10
63% Jan 15
42% Jan
6x% Not
113/e Jun
3
Jan
6
9%
Deo
Not
Nov
Sep
Oct
Sep
Sep
21
88
42% Jan
65
24
10
4
17
36 3A Feb
5
25%
36% Not
193/4 Jan
9
12% Mar
26 3/i Jan
10
17
Jan
112% Feb
13
104
Mar
Oct
9
543/4 Feb
7
25%
43% Jun
5
23% Jan
121% Jun
5
.
51
Nov 21
105"% Oct 26
Nov
Mp par:
Nopar
July
4% Not
20%
22% Jan
6
May 21
Jan
Jan
9% Jan
20%
Deo
26% Dec
110%
Oct
42%
Dec
32% Nov
18
Deo
34% Aug 13
Feb <7
34% Mar 29
108
70 -
-
Feb-
-
7
/ 83% Apr
6
109% Jan 17
70% May 29
Not 22-
No par
109
Jan
14
52
6,200
23%
46%
Florida
conL
July
July
333/4 Apr 16
583A Apr 26
18
16%.;
26% A
;.*25%
(The)
prftfpwpri .
Florence
200
4,400
Co
Deo
106
108
10
22
10
No par
13%;
15%
*253/4
:/
47%
..
A
22%.
13%
.
♦22%
26%
24
19%
35
*4
170
16%
*21
24
14
16
7
;
16%
14%;
23
26% "
*34%
17
14%
26%
page
35
16%
153/8
23%
see
35
17
*22%
24.
36
16%
•
23%
.
107
*343A
36
17%
*26%
.
108%
'
■
A
21%
16%
:
25
footnotes
7
'
109
%!
'90 /-
37
12%
107%
Apr
21% July
34%
Not
Jan
63%
Deo
70%
Not
103
-
50
Jan
53% Mar
105% Apr
42% Jan
110% Mar
60
Oct
28% July.
1
46% Jun
5
23% Jan
38.%
Dee
25% Oct 30
Sep 23
Jan
18
107
July
111%
NOT
18
41
Jan
53
Oct
18%
Dec
18%
Deo
6%
Mar
'
'
107% Deo
20%
Nopar
Firth: (The) Carpet
8,600
100
29%
21% Oct 17
Nov 22
26
10
25
u,
Stores
4,600
,..17
5
Nopar
*
100
1
Dept Stores com
Oct
21% Aug
20% Mar
Feb 26
10% Oct 10
21
Nov 22
104
Sep 24
19% Sep 24
49
Oct; 29
2
Co
Motor Truck
Federated
190
"
"21%
Smelt
Federal-Mogul Corp
48%
35
15
Nopar
preferred
43% Aug
34% Mar
55% Not
48
21%
8 f
20
100%
Nopar
20
Farnsworth Televis'n & Rad Corp.l
101%
*105%
Co
8
7%
23
&
7%~Deo
19% Deo
2
180% May
167
Deo
13
42%
16% Jan 28
3% Jan
10
Oct
15% Oct
21% Nov
343A Oct
7
Oct
5
Co
Exchange
4t
*49
*47%
41! "
11%
106
51
49
22
106
223/4
106
18
7
Pitts
2,300
-.7%. .7%
,
Nopar
common
7,400
'
53%
54
106%
112
114
4% Aug
Oct
Sep
Oct
100% Sep
102
Sep
105
May
2% Jun
9% Oct
48
Oct
90
Oct
-No par
Eureka Williams Corp
2,000
*38%
40
43
106
VA
Bldg
pref series A
&
213/4 ; , 22%
36W " 36%
'
Office
RR
5%
(,J;
22%
40
213A
21%
23
51%
'
23%
•
23
42
106
Erie
Erie
800
21%
102%
40
413/4
,
preferred
17%
48
8%
101%
*105%
54
.
8%
103
23 V4
23%
106
-
8-%
22%
11%
113/4
23%
49% •49%
22%
*101%
413/4
42
:
*7%,
.
22%
223/e.
22
41
'
*105%
"
8%
109% Dee
Aug
Aug
2
233/s Sep 16
112
■:/
51
103
*40
t,
8% "V
-*7% 7:7%
21 y8
■
-
22%
.
101%
*40 7- ,41
u
-
■7%.
$6
2,700
,.<•
10%; 10%
*16%.
24%
37
49%
tj
50
*91n«r,95
16%
37%
22%
103
.00;* j}
11
16%
25%
22%
22
11
16%
37%
50
♦21%
11%
163/4
■
25%
j
Sep
106
40% May 22
7% Jan 24
63
104
21
1
No par
fEquitable
16,700
50
26%
•
104
2
29% May 28
17
Nopar
Nopar
preferred
$5% preferred
20
m>=
comi
$5
170
3.200
95
38
22%
*101%
50
*91
11%
11%
17
52
95
37%
-
7%
$ so :/
.
51
*91
95
16%
■V
66% Oct
11% Nov 22
18
Nov 21
4
5
10
50
100
Corp
4% preferred
Engineers Public Service
220
%oo;
*106,%, 108
2%
11
*7%
39
lV''
2%
25%
26
«38
2%
50
95
12
/ *11%
"
52%
♦90%
2%
2%
11%
11%
11%
54
■V
*103%ip4%)l)f;
'
2%
11
.
~10
107%
12,100
104%
Elec Co
Endicott Johnson
24%
*109 V 110
,
107%
108
23%
*107%
2%
Jan
Feb
9
133/8 Oct
Sep
128
Sep
40
Oct
44% Sep
3
71%
•104'.',
2%
Jun
49
71
10
138
Nopar
Gas
Natural
17%
*67
104%
2%
Battery
Storage
Paso
18
18%
18
*106
108
No par
17%
18%
18
*68
Light
Emerson Electric Mfg Co
Emerson Radio & Phonograph
108
2%
Dee
200
34% Oct
Nopar
423A
107
":.S
229
Jan
3% Oct
preferred
48
43
25%
*104%- 104%
107 W 107%
104%
50% Oct
No par
&
$6
42%
*106
July
185
xl27A Nov 22
No par
49
25%
25%
5
$7 preferred
42%
108
♦106
25%
153%
17%
73%
♦70%
73%
153
19%
17%.
108
*106
;
154
48%
*18%
193/418 3/8
153
154
Power
42%
13%
170
Aug 28
6% Oct 30
3
preferred
Electric
21,100
1,500
49
13%
(The)
106% Nov 21
Elec & Mus Ind Am shares
8,000
15
145/S
43%
13%
*18
Conv
i
Co
Auto-Lite
48%
'•
48 3A
*18 3/4
600
33/4
33/4
Apr 24
209
9
.1
36%
33A
15%
Oct 24
17% Oct
100
Stop Nut
42%
48%
133/B
preferred
Electric Boat common
v
263
S
15
153/4
146
4%%
5
*36%
36%
33/4
14%
101
preferred
5,400
13%
36%
100
4%%
Ekco Products Co
90
Jun 10
10
13
52%
-
Oct
Elastic
13
3%
25
Electric
50%
15%
...1
35% NOT
18% Jan
61
9
4,700
14%
38
Oct
1,600
513A
33/4
39
63A
13%
*36%
v.
..4
48% ,48%
43
44
:"49%
49
37
; 33/4 -
Manufacturing Co
503/4
63A
1
50%
-
100
com
21% DO#
Jan
31% May 16
preferred
Xl2%
6%
6%
5
Nopar
13
30% May 22
30% Jan
2
200 % Oct 10
190
Nov 22
Corp
Co
3
Sep
19
1
Steel
Edison Bros Stroes Inc
2,000
108
Kodak
cum
Eaton
100
18%
18%
1-
6%
1033/4
1033/4
19%
51
51% i
14%
51%
13%
103%
106%
111
*108
110
'
*103
20%
6%
300
18%
1033/4
193/4
203/4
Stainless
Eastman
2,600
•
33/4
:
Eastern
16% Nov 21
10
Co
Eastern Airlines Inc
20
42
Eagle-Picher
900
194
51
-
33,200
1,500
215
63A
14
37
16%
•190
104
*110
51%
14
173/8
36
*35
194
21
7%
:
38
215
43%
*103
*
112
.
17%
215
426%
*
21%
*110
37%
39%
16%
35%
4,500
*190
43%
104
21
18%
38
17%
*
27
*26%
*38
183/4
22
194
*190
43%
1X18%
21%
21%
21%
21%
21%
215
215
194
:
,*103
*
38,1
.
218
y;;:43W'«
V,:
22
105/
Apr
33% Oct 11
16% Sep 11
20% Jun
25% Sep
11
'20% Sep 20
45% Sep
3
20
16
21% Feb
2
12% Oct 10
71
Sep 10
19% Nov 22/
Jun
29
20% Oct 10
11% Jan
7
237/a May
9
16
49% Jan 17
100 - Apr
.
59% Aug
80%
Jan
44%
Deo
Deo
25
Jun
9
25
Jan
43%
35% Jan 28
14
Apr
27
Deo
34
Jan
51%
Not
: 28
Feb
Volume 164
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4545
NEW YORK STOCK RECORD
LOW AND
"Saturday^
Nov.*6
»
S per share
*16 %
17
.;■<
>3i
Tuesday
Monday
" Nov. 18
/
£
•16%
>
•
Nov. 20
,
$ per
16%
16%
16%
X30%
'100%
102
29%
share
11
^i'll
8% 1/8%
103/4
11
"Friday/
16%
30%
293%
30'%
100%
102%
105%
103/4
10%
10%
8%
8%
8%
20 y8
20%
20%
163/8
20 »/a
Sales (or
-:
Nov. 22
21/
9 per share
•100% 100'/a
£
Nov.
v
8%
313/4
•stocks
Range tor Previous
'
£ Thursday
Wednesday
Nov. 19
f per share
11 •:
313%
100 Va
100%
;
.
9 per share
,
HIGH SALE PRICES
9 per share
r
16%
•16
29%
293/4 £
100% 101%/
.££££; NEW YORK STOCK ; ■*££ £'.
■/;.//
exchange
j:£.£;£;.,£ •
tho Week
Range Since January I
Lowest
' £
Highest
Shares
•,£
16%
28%
29
*100 ' 101
400
-
.
I per share
Froedert
Fruehauf
4,700
150
-
Grain
-4S&
<
& Malting
Trailer
Co
Co Inc-1
$ per share
16% Nov 21
1
28% Nov 22
common
preferred/—..——.ldo
cum
99
Year 1945
.-■Lowest
Highest
$ per share
$ per share
27% May 13
48
Sep 23
lOYa Sep 10
7
Oct 10
18% Sep 23
Jun
112
21
18
Jmy
35
Deo
36
Jan
.
12%
Dee
1
G
n.
,
10
-
£
20%
.20 v2
10
9%
15 Va
15%
18
18
9
413%
9%
8 3%
413/4
413%
; 413%
*16'/a
•91
16%
;
107
'I
15%
153%
•105»/2 110
49%
135
14%
11
11%
"*77 r "
•423/4
443/4
29'%
*118%
r
*
11%
44%
120
120
51%
120
General
105/8
10%
10%
8,200
General
78
40
.
'
40
/
28%
120'
120
48%
1253/4
*1253/4
126%
15 %
15%
15
15 %
15%
153/4
213/4
3%
22;;
22 3%
33/8
3%
14%
14%
143/8
143/4
3,300
2,300
1,400
23,900
25
253/4
24 5%
25%
1,900
22%
*22%
223/4
22%
223/4
21%
37%
33/4
33/4
*3%
37/a
3%
15%
15%
15%
155%
14%
15%
143/4
15%
♦27%
29'%
275%
28
27%
27%
26
26
*138
141
*
141
137
141
5%
55%
5%
5%
5%
5%
5%
5%
5%
•21%
22%
21%
22 3%
21%
21%
21%
22%
20%
323/4
34
33
108%
34%
333%
28
♦26%
*27
♦105%
108%
35%
32/%
32%
27
108%
x34%
107%
*1067%
*105%
27
26
263/4
26%
26%
26%
27
108%
*105%
108 %
*104%
*105%
35
*105%
108%
323/4
106%
106%
101
*99%
101
*105
*99%
30%
30%
105
33
32%
34
107%
*99%
101
33%
OO
*106%
*99%
32%
31%
106
323/4
101
97
'
32%
Gen
107%
99%'
*93
Gen
Public
General
700
7,700
/
i
99
40
•
•
31%
30%
*105
106%
1053/4
37
36
363%
104
*102
315%
315%
1
31%
106%
.
37
♦102 '
103
40%
393/4
*54%
56%
*54%
56%
6»%
6%
118
6'%
*102
40%
6%
;*40%
*114
-
31
*114
31
63%
64
31
106%
*105%
343/4
35 %
32%
103
'
39%
*102
x6
40
♦54%
56
♦54%
553/4
6
6
5%
♦115
116
118
116
295/a
29%
29
29%
60%
613/4
61%
633/4
103%
102%
102%
116
59%
•102%
103%
102 3/g
1023/s
54
503/4
53
51%
523/a
50%
51"%
*106%
108
*106%
108
106 %
106%
22
*20%
6%
6%
6%
6^8
38
;
6%
6%
6»/4
63/8
38
133/4
-
38
14%
*133/4
38
13%
*133/4
♦30'A
30%
30'/a
30'A
30'A
104%
104'/2
104'/2
103%
103%
*
17 Vb
17%
17'/a
17'A
17
48%
47 %
48'A
46
47'A
23%
24
23 y8
23%
23
23%
162%
*161
13%
133/4
30
29'/8
102%
,17%
17%
17
17
443A
43%
22%
23'/4
22%
22%
22%
22%
60
61
63'A
65
36
35'/4
36 %
35'A
36'A
35 Va
104
*103'/a
104%
103%
103%
*103%
28'A
26%
27%
25'A
263A
7%
7
7'A
84
♦82%
28
27
7'A
*7
84
*82%
'
♦158
160
*158
62
61
61
61%
613/e
62%
6iy4
7%
82%
12 3A
12%
12%
123/4
12%
12'A
12 Vs
42%
42%
41%
42
41'A
413A
63
63
61
62%
60;A
60%
.60
7
82%
12 3/4
43'A
24'A
6%
,v
Mi-
>
82%
11%
35'A
19,000
104
220
25%
'
8,900
63/4
1,400,
82'/a
113/4
<
123%
59'A
2,600
80
41
*39
60 3/4
34%
103%
.
26% v
7
82%
43 y4
36
104%
10
30
!
12%
'
39'/a
l
*38
60'A
59'A
180
60'A
$5 preferred—
Gulf Oil Corp
10,500
LOW AND HIGH SALE PRICES
Monday
Tuesday
Wednesday
Thursday
Nov. 16
Nov. 18
Nov. 19
Nov. 20
Nov. 21
9 per share
9 per share
$ per share
*34
*34
$ per share
*
$ per share
NEW
Sales for
Friday
Nov. 22
Shares
^
/■k
36%
36%
35
35
•17%
18
18
18
18
18
*18
19
18%
18%
18%
16V2
18
600
106%
106%
107/4
*104%
105
104%
105
390
108
*106%
108
*106%
108
130
106%
106%
106%
106%
106%
*106%
21%
21%
21%
152
*150%
*37%
21%
152
35%
9%
'106%
21%
152
38
*9
108
'150%
37%
9
17%
♦18
21%
20%
151%
152
36
35%
35%
8%
8%
8%
21
*99%
100%
•99%
100%
99%
99%
8%
8%
8%
8%
8%
8%
8%
8%
6%
6%
6%
6%
6%
6%
6
32%
32%
32%
32%
32%
32%
33
33
31
31
30 3A
303A
30
30
30
30
105
*104%
105
*170
66%
/
*18%
•
65
;
66%
•H/ *18
52% "53'A
134
*77
51 y2
52%
83
126 3A
24%
•
25
'
24%
*25%
26
38%
143/4
15
;
-
24'|$
26'/L>;
23
29
34
*29%.
24%
25%
25%
24
x38
37%
30%
*29%
*101%
103%
85%
85%
84
50%
*49%
84
,
34%
33
.
...
footnotes
38%
16;
16%
29
29%
6%
see
37%
15%
33
33%
5%
37%
38%
16
.
:
6%
page
28%
.
2707.
28%
6%
6%
;
.
6%
,
3,300
Deo
,
233/4 May 21
48
May 31
150
Jun
3%
Feb
Jun
19
Jan
£31
Mar
133%
Deo
443/4
Nov
27%
Aug
38%
Deo
105%
9
Nov
1,000
42 3/4 Apr
18
1513/s Jan
57
10
3
43
Feb
16
Jan 30;
18;
12% Jan
5%
40'/a Jun
112
100
par
10
1
33
1
8
99
800
f iW 18,800
•
33
*11
13
373%
253/4
..
.
6
..
26%
.
,6%
14%
-14%
26%
5% Z"
26%
v -
•
,
6//■'•:
3,000
3,300
v
38%
38
•
1
>
13
13
s
15
53/4
f
31%
5%
38%
Z, 14%
:
31%
'$■ 5%
1,400
:
300
5,100
14,400
1
109%
34% Jan
28/
28%
Jan
188% Apr
17 5 /
;
Jan
Aug
22
.79
Feb
v
.
4
Apr
52% Apr
175
Deo
22 3/4
Jan
x35
Deo
5
104 %
Jan
4
28%
Jan
108% Mar
55%
100
Oct
82
28
58
U 82
Jan
< per share
40% May 13
24
Aug
1
60% May 29
163/a Jan 16
Sep 25
20% Apr
/
;
$ per share
103
130
76
26
4,200
9,500
Hupp Corp——
No par
No par
—
6.66%
.*.—?——
1
Aug
7
9
17
3
May
2
106
Apr
146% Jan
21
39% May 13
*43 <
May 31
6
37% Jun
40
7
■
33
14%
25%
5/4
Sep 19
Oct 9
Oct 10
Sep 24
May 22
;34% May 10
56
Jan
-283/s Feo
52% Apr
35'/a Jun
Sep 10
Sep 23
78% Sep 23
14% Oct 10
24% Oct 10
303/4 Oct 30
5
Oct 10
12
Oct 9
Apr
43 y4
Deo
14
Nov
104%
163A
Jan
Mar
z/'fl
Jan
170
22%
Jan
Dec
Dec
Dec
•:,14-
35
1033/4
111% Jun
11
6
22
26
20
Deo
Dec
92% Nov
•
189
.
Aug
39% Deo
—J
Feb
72 ? Feb r
123
Feb
21% Aug
130
25
Jan
333/4 Nov
23 V*
Jan
32%
Dec
17
vJan
17% Jan
26%
NOV
35
NOV
Jan
60%
<4
Oct
:
Jan
Oct
9%
Dec
72'A Apr
41% Apr
27
:
Apr
7%
98
Oct
Apr
139
102
•
*30
Jan
29'/a
155
Jan
38% Jan
Nov 18
23
HO1/*
•k
;
71%
192-
22
Sep 11
34% Sep 19
C 12% Oct 30
46 Nov 6
Hud Bay Min & Sm Ltd
t Hudson Motor Car
Hunt Foods Inc
Oct
20%
2
22% Oct 10
Finance com
No par
preferred
100
Houston Light & Power Co—No par
Houston Oil of Texas V t C
25 >
Howard Stores Corp
;
1
Howe Sound Co
5
Hudsqn & Manhattan.—:
—100
5%
non-cum
preferred.
100 7
152
100 y4
Jan
21% Sep 11
-
-
%
Deo
121
Dec
Jan
18%
18
"
90
28
11
15
30
22
125
Aug
105
1093/4 Mar 26
Sep 16
Jan
Sep
Nov
Oct
103 %
39;
Jun
43% Nov
277/8 Dec
Jan
May 23
51
28% Nov 22
-100
28
15%
22
15% Jan
343/4 Sep
Nov 21
Oct 9
29% Oct 14
15
24
Dee
Highest
-
33
Jan
20% Jan
106% Jan
Jun
Range fdr Previous
Year 1945
Lowest
$ per share
26% Jan
8
119
Apr 11
109% Apr 13
343/4 May 28
170
Aug 21
Deo
Jun
■■■
61%
49% Jan
May 31
Deo
j
30%
14% Mar
2)3 '
i
£12% Deo
5% Mar
78% Jan
Nov 22
Oct 28
Oct
86
>
30% Jan
Nov 19
May
.
75
Jan
25
Jan 25
78
Deo
Jan
13% Jan
108
21%
52'A
64
May 20
54% May 28
111
Nov-
£65% Nov
39% NOV
1613/4 Mar
105
8
6
33/4%
18%
Dec
Deo
u
103
Oct 3
105% Jan 16
20% Sep 19
151'% Nov ,9
.
Deo
33%
14'%
15
Oct 9
173/4 Oct 10
par
Nov
Sep
46
9 per share
Household
26%
;'2% AUg
,
Sep
105
8
Range Since January t
S
' ■«••; Lowest
^ Highest /
par
Deo
21%
14
Feb
35
i
v : 7%
333/4
Jan
<
5
Oct
NOV
19
Jan
25%
3
Feb
Jun
61. Oct 30
160
85%
633/4
,115
Jan
14%
Oct
105 % Mar
.
•
31% Oct 9
56% Sep 10
-
74%
Jan
4%
183/4
19
54% May 10 v
27% Feb
8
Jan
Nov
40
Feb
July
102:
Apr
48 : July
107% May
12% Mar
6"
Apr
113% Jan
80
Nov 22
9% Sep 19
"
165%
53
Mar
Oct
May
•
.'£7% Oct
Jan
25 %
3
Dec
£ 39
Jan
147% July
8
77,
24 % Nov 22
6% Oct
9
-
Jan
3%
Apr
21
31
15
21
30% Feb 26
102% Oct 19
1043/a
Sep
88 %
107
Deo
25%
473/4 May 14
64
22% Nov
158 ■ Oct
55
Oct
61% Nov
26%
105% Deo
96
4-
May 10 v
83/4 Jan 29
17% Oct 10
46% Sep 10
800
17%
Deo
.52%
Apr 13
-
175% Nov 12
29%
26%
Deo
13% Mar
90 ; Mar
56% Jan
Nov 21
i-25
102%
*83
Mar
•46
Jun
May 17
73'/a May 19
4
—100
29%
17%
111
111%
Jan
26
107
104% Sep 10
40% Oct 10
100
—
Deo
25% Mar
14
Jan
Oct
8%
34
99
4
60
118 ;
140
Jan
Jan
21'
49% May 21
463/8 Apr 17'
'HI
Dec
Mar
49% Deo
Feb
123
Dec
77%
130
28% Jan
Apr 12
132
5% Oct 10
5'% Oct
9
30% Mar . 4
12 % Oct
9
28% Nov 22
25
Schaffner & Marx
102%
27%
5%
28 y
6%
4,100
~
16%
31%
153/4
27
30
"
I3*
39
15%
500
1,200
26
'
5%
•12
:
"
Deo
7%
16% Feb 19
Holland. Furnace (Del) neW-—-5
Hollander & Sons (A)
-—5
Holly Sugar Corp
No par
Homestake
Mining
12.50
' Houdaille-Hershey com.—No par
" $2.25
preferred
—
50
2.100 :
«■
37%
37 )
14%, i/oiiA;43% <14
50 ; i (9fiT>49
49%
1033/4
17%
v
200
300
37% jiotfr
13%
27%
33%
37%
~
^
23
102%
5%
13
70
600
■
•25
•29%
16%
5%
5
%:'ituafrfi23%
24%; 3. ns/f-21%
*49
85
13
27
23/^iT »nfi2%
30
27%
,
.
|26
24%
14%
163/4
5%
24
24
,
"
28%
14
20
22% "
23
33%
29%
6%
24
16%
38
16%
i
28
5%
'
81
125
y4
:rvCI b-?,23%.
«
f
/
'
23%
./•
m
103%
85
36%
Jan
15
'.'no,'); £>; i. ■*:
17%
*13
22
^
125
26
28
5%
16%
85 3A
*
2imMc*26 ■
14%
29
Jan
Hercules Motors.!
No par
Hercules Powder—
No par
5% preferred———————100
Hershey Chocolate
No par
$4 conv preferred
—No par
Hewitt-Robins Inc
—.5
Hlnde & Dauch Paper Co
10
Hires Co (C E> The.
—1
800
2,700
22%
Water
Hecht Co.
33/4%
preferred
:—
Helme (G W)———/
7% non-cum preferred
.
52%
*24
37%
49
63%
174
1317/»
*75
81
223/g
Hart,
1,200
*131%
26
14%
103
Jan
1%
14
73/8 Jan
100"% Sep 20
50'% Nov 21
.105% Sep 3
19% Nov 21
Par
Hat Corp of Amer class A
1,200
*26
37%
29%
Deo
22%
40% Jan
106
102
4%% preferred (modified)
100
Hayed' Industries Inc.———1
6,600
Hayes Mfg Corp
2
2,600 ~ Hazel-Atlas Glass Co-——-.^.25
173/4'(
*24
26^
23'
Apr 26.1
108
3,400
52%
127
:
v
28 %
;■
50%
125
283/4 V
104% f
17%
132%
*76
28
14
37%
82
1263/4
♦165
55
132%
32%'
63%
.
18
*26
y
105
«■; 16%
r
64
*103%
23%
15%
*83 VB
34
"*233/4
Jan
2
60
•
6
*23%
38%
•■
29%
16%
-
10
29
27
Nov 22
59% Nov 22
■
V
preferred—l
fi<
1,900
1,700
100%
6
174
?
51%
134
*125
.
•
23%
48%
87
For
27
25%
*103
.
16%
:
*26
•
24
>
28%
173/4
55'
53%
*76
26%
15
50
28%
63/8:
82
23%./
24
38
29%
105
64
"
127 .£.•■
23%
Z
30
105
87 £
"//'
v
23%
k
24
38%
5%
■;•'•
23%
23%
24
♦13 Vs:
"•76
il27
•
.
,
26%
:
31%
*165
♦132
343/4
y--8%-
6%
18
•
••■•
8
32%
65
.
23%
28
*23
*29%
52
134
*253A
*23%
*49%
52
*99%
8%
32
174
*64'A
--•;
'
6
.
•165
18%
33
*r"~8%'"->"'8%
'
i" 18
174
May
36% Oct 30
54 ; Mar 4
6% Nov 21
116
Nov 14
<
•
all (WF|. Printing Co.—
! l "Hamilton Watch Co
No
4%
conv
preferred
> ; Hanna (M A) Co $4.25 pfd__No
•
Harbison-Walk Refrac
No
20
100%
8
6%
*103%
65
*99%
•
23%,
"
*103 *
*
127 ;:
,23%
27
-
105
*132
:
83 '
127
vv.
v
18
H
134
■>' *76
*23%
27 ;
>
64'A
-*168
18%
*132
.
1263A
25
*103%
-
*110 V 175
175
£18%
*132
105
*103%
'
'
■8%
29%
*65
2 500
35%
83/«
100%
*103%
1,300
151%
35
8%
*99%
-
17%
18
21%
•150%
Jan
12R
114%
H
..
100'^ Nackensack
36
17%
19
21%
155
35%
9
35%
17%
62
5
32% Nov 21
100
Oct 10
!
par
YORK STOCK
EXCHANGE
the Week
9 per share
*35
*35%
5
STOCKS
Saturday
•
123
14
Feb
10
No par v
25
-
Oct
Jan
July 10
22% Jan
No par
;—;
134
3/s Feb
47
Ore
Gulf Mobile & Ohio RR
700-
Aug
80
8
.
6,800
•
Iron
523/4 Aug
Mar
Aug
132
10
Great Northern Ry
5,000
160
*60
63
*7
84
*158
62
62%
7%
*82%
162%
*60
Nor
Nov
56
-Feb
43 %
123
ll'/4 Feb
Prop...No par
6% pfd__No par
Great Western Sugar——No par
/Preferred
Green Bay & West RR_100
Green (H L)
Co Inc.————1
Greyhound Corp (The)
No par
4%% preferred
100
Grumman Aircraft Corp—
_■
.1
Guantanamo Sugar common——'.1
85 conv preferred
t;
No par
Great
7,600
Oct
May
Sep
49%
Jan
127
26% Jun
No par
•
Oct
-40
8
9
Co..i—No par.
Steel—
6
36
172
27% Mar
37%
8
8
103
Grant <W T) CO.//—5
V f 3% preferred—.100
2,500
•
,
City
Mar
153
Oct
No par
#0
Deo
»
>
(The)
-JNo par;
/4%% -conv i?referred—60
Goebel Brewing Co/—-1
Gold & Stock Telegraph Co——100r
GoodalJ-Sanford/ Inc.--—10
Goodrich Co (B F) com—-—No par
$5 preferred——No par
Goodyear Tire & Rubber../.No par
;$5, convertible preferred
No par
Granite
r
250
45'A
V.
Co
Grand; Union
2,700
11 Vb
433A
*158
104
'
/
102''A
46
66
36%
29
17
60
28
2,100:
.'•■
x.
Graham-Paige
Motors../——I:
Granby Consol M S & P.-—-.
5
.
-1,600
2,300
,
-13'/a
45'A
-
!
37%
'% 13
'
6
■i
'*
Gotham Hosiery......
29,400
'
-
•
■
1,500
C'
»
>
300
h
6 VB
37-«
102'/a
163
104
6-
>
,
102
103%
*65
<
•v/5%
,
15,400
>
-
20
28%
163
353A
1053/4
253/8
*57
35%
28
.
133/4
60
104
*
37%
68 %
653A
~
6
37%
164
*57
<
6'A
37%,
29'A
♦102%
17'/4
48 y4
6%
6
133/4
303/4
*103%
6
10
200
19%
•
;
8,900
507/a
^
1
preferred—
Glidden
■
2,900
103
•
1),'
.
4,300
1053/4
?
100
62
-50%
20%
6%
6%
37%
14'A
*102
-
106
19%
37%
6%
6
37%
106
21%
*6%
6'A
6
-
21
213/4
>
28%
-
■<
$4.50
116
27
63
52'%
22
.
"
Gillette- Safety
Razor.-No par
85 ConV preferred———No par
^Gimbel Brothers.'——-/.5'
6,200 i
6
*115
28%
62
*102%
23
1
5%
53%
108
-
28
.
8,300
39%
54%
63%
v
300
1023/4
39
6
7,700
-.
V
56 % Feb
543/4 Aug
135% Jan
10
102% Sep 19
96
Oct 15
•
Dec
15
8
105
Oct 26
32% Nov 20
8%%/preferrfed-wi//-/-
£
54%
*102
103%
,
34
393/4
533/4
22
105%
33
103
(.
E
293/4
1053%
•102'/a
*106%
28%
-
34%
*102
39%
30%
61
293%
107
38%
6%
♦115
103
39%
56
-
*54%
118
x29%
99
30%
106%
36%
>
293/4
105%
35
8
24% Oct 30
vZ4%%' preferredr--------.—-l00
350
-
27%
6
43/4 Oct
Corp.————1
Deo
Jan
9
20% Oct 10
29
Jan 14
101
Oct 10
32% Nov 22
Telephone
185%
17%
Feb
137
Corp
___20
Gen Time Instrument Corp__No par
4%% preferred—100
General Tire & Rubber Co
.—-.5
v
8
14Va Oct 30
24% Nov 22
Gen Steel Cast $6 preferred—No par
Dec
Jan
27
Apr
2% Oct
No par
14%
90"% Aug
5 V
473/4 Aug 12
40 3A Apr 15
15
Nov 21
21% Nov 21
preferred——
——100
Realty & Utilities.
10c
Deo
Jan
160%
52
Oct
47% Oct 30.
125% Sep 12
Corp.
....5
—No par
Dec
61%
83/4
182
common—No par
Utilities
Apr
109%
Jan
49
7
Precision Equip Corp—No par
Public Service————10c
\
*105
Adv
Gen Railway Signal-
-
33%
107%
100
Gen
2,600
108%
33%
107%
107
107%
30
105
preferred—.
Outdoor
90
333/4
30%
Apr
28% Apr
16 3/s Apr
19
42
Jun 17
1283/4 Sep 30
114
Sep 26
100
Shoe
105%
333/8
106
27% Oct
No par
General
30%
105%
335/«
Dec
104 %
34
Nov 22
39% Oct 10
156
No par
Refractories-/—-
109%
31%
Corp
common
Gen
335/8
31
34
50
No par
General
109%
109%
Co
Nov
200
8% Sep 19
76
Oct 14;
x35% Sep 24
100
8,500
20% V
108
29
preferred———u.—No par
6%
53/8
-
20%
24%
6
Gen
141
5%
21%
conv
Jan
143/4 Apr
No par,
preferred—.—
85
12%
4
General Motors- Corp
50,800
2,700
1,800
33
32'%
111%
%
*137
5%
1
149
Deo
1
10% Sep
par
Electric
3%%
500
15%.
*138
5 %
200
"49%
*3%
*109%
120
-
48%
22'%
141
Mills
1253/4
23
*138
Foods
General
80%
14
13
2nd preferred—
General
160
Jan
22
5
preferred
4,100
1,700
r-
/■
50%
22%
141
■
47%
131
126%
15%
•136
*114;
43
47%
*128%
Deo
58
May 28
Jan
conv
General
58
5
Bronze
31,300
Dec
Deo
Nov
71 % Apr
4%
7 7o
28%
14%
51%
213/a July
Nov 20
29% Nov
Jan
11
175
.
7%
Sep
No par
v
Apr
16% Mar
48
1st preferred--/-—..—100
30
495/8
15%
3%
42%
473/4
15%
15
"
May 29
»
24
10
.
14 Va
5
General, Cigar
1,200
34%
1303/4
*118'/8
Oct
106 % Nov
100
.;
9%
900
'
28%
162
34
43%
47
1303/4
270
/
•
.
39
.
28%
162
35%
42%
48%
39
,,
166
34%
78
14
-
"
/
28%
*162 *
131
£*75.".;
.
p;
141% May 28
Baking
Cable
Nov
15
15yaSep 19
78
Jan
8
50
Transportation
Corp.
Corp
Dec
10%
67% May 29
1
preferred
1,700
15
3%
$8
13%
16
'
178
*1253/4
50%
50
125% 126
1253%
General "
17
Nov
10%
Jan
29
1.66%
Corp
preferred
Amer
13
*76
443A
48
*127
Gen
21
8
Deo
Jan
16
5
Jan
29% Jan
39'% Nov 22
preferred—
conv
$4.50
£.
4,200
:£, 10 f
.
Container
26
6%
'/ 4%
2
—50
Amer Investors..
Gen
133/4
"
36
44%
48%
130
Gaylord
5%%
2,600
preferred—
Apr
22% Jun
14% Nov 21
17
Sep
9
Co———No par
Industries Inc—
—1
conv
10%
283/4
35%
45%
43%
42
11
*170
4%%
*13%
166
*162
36%
130
78
.
*40 .
283A
;
283/4
166
35%
11
100
49%
103%
11
Garwood
15% May 28
ll7/8 Jan 29
.8% Nov 19
—
.—...
5,800
109
48%
:
Gardner-Denver,
600
•/""
14%
Inc
Co
——
5,700 "
100
*105'%
'
-7,900
1,200
.
Co
(The) common
1
(Robert)———.—1
6%
preferred—
20
Galvin' Mfg Corp.—
....3
Gamewell
Co
(The)
No par
1,000
-'
15%, 15%
14%
Gabriel
Gair
4,200
39%
*91
178
133/4
■*
8*/o
39%.
49%
11
9
15%
;
...
,
17%
8
100
*170
78
40%
28%
11%
10%
,
9
16
X48%
175
13%
77
40%
;
1253/4
*
133/4
40
9,800
£ 400
17%
14%
♦105%: 109
503/4
11%
175
.,
1,500
8%
20%
*14%
14%
109
'
50
183
*162
120
50
515%
126
;£
io3%
77r
;
50 ./
131
f]
-
8%
•91
15%
•105%
£"
8
107
14%
11%
11%
453%
493%
120
50 %
♦125%
51
36%
45%
15%
109
29%
*130
*91
107
50
i
166
36
493%
•118%
15%
*177
42%
41%
,
*162
131
39%
153/4
773%
45
131
40%
155/s
,
13 £'
*77
36%
*48%
40%
16%.
*
11%
30
36 %
41%
14
11
166
8%
15%
IP/a
1
43%
•29 %
•162
8%
*105
133%
773/4
17%
83/4
10%
V.
20%
14%
17%
•91
185. ;
*180
133/4
145/a
173/a
153/4
50%
£ 8
~;9% /
15
*40
107
11%
11%
11%
i
•180
9
15
17%
15%;
50
50%
9%
15
16 3%
15%
107'
•20%
18
8%
107
*91
•
10%
8%
20%'
14%
£
,
%
16
9
>
10%
8
*17%
/:
.
18%
9J/s
9
83%:
10
£ 15
15
*17%
10%
42
-;
£16% Jan
55% Oct
Jun
25 V* Uec
63
Nov
25
Aug
29%
Dec
102
Sep
109 V*
July
66% Jan
87% Nov
95
Apr
24
30
Apr
9
12%
Jan
23 y«
Dec
July 19
t60'/4 Feb
5
34%
Jan
54
Dec
•
47
.
12 3/s Jan
25
Jan
25
17
45% May 17
£ 34% Mar 25
3
£.10% Jun 24
49% Jun
Jan
8%
Dec
Jan
23 y«
Jun
263/4 Aug
36%
Dec
May
2
.■■■
10
£ l4y4
Jan
34;
,
V
Jan
9%
Deo
CHRONICLE
THE COMMERCIAL & FINANCIAL
Monday^ November 25, 194S
NEW YORK STOCK RECORD
SALE PRICES
Wednesday
LOW AND HIGH
t per share
t per share
share
STOCKS
Thursday
Friday
'Nov. 22
the Week
$ per share.
$ per share
Shares
t per share
I per share
Range for Previous
Range Since January 1
Lowest
Highest
Xotrn. STOCK
EXCHANGE
NEW
Sales for
Nov. 21
; Nov. !!0
Nov. 19
Nov. 18
Nov. 16
t per
Tuesday
Monday
Saturday
Illinois Central RR Co
preferred series A
6%
lines
Leased
4%
ctfs
Stk
RR
Terminal
Illinois
RR
85
_5
Co
Jan
36
22% Jan 18
Industrial
182
36%
-
4%%
Corp
preferred
Intercont'I
44% Jun
6
11% May
3
11% Mar
8% Jan
59
May 28
37% Jan
112
May 23
104% Jan
Nopar
100
>
210
218
*208
69
210
68%
134
x68 %
181%
17%
7%
69
182%
Nopar
28
92
*88
28
*88
4%
5
47%
105%
105 %
13
12%
109%
*45%
48
111%
128
*120
125
*49
*109%
126%
*120
preferred
—25
Telep & Teleg——No par
Foreign share ctfs
No par
Interstate Dept Stores
No par
Intertype Corp
—No par
Island Creek Coal
1
15%
15%
25%
22
42
147
10
9%
104
102%
Jacobs
9%
45%
111%
121%
121%
Johns
122
120
120
*125
*125
160
101%
•
19%
*116%
•>
102
'v 23%
51
3%%
160
31%
33%
102
*101%
102 %
24
23%
24 %
34%
20%
*19%
*116%
118
24%
,. 25
V>52
*50
15%
51>
23%
*50
19%
20%
118
&
150
108
40% Jun
11
19
67
Jun
10
26% Feb*
19% Sep
19
34% Jan
29
12% Oct 30
30
Jan
9
18% Jan
41
60% Apr 30
35% Jan
55
22% Mar
13%
13%
13%
13%
46%
46%
45 %
46 %
45%
46%
45
(Julius) & Co___
Kelsey Hayes Wh'l conv cl A.
Class B
1
Kennecott Copper—i——i
100
Kayser
43
22
22%
17%
28%
100
34%
44
45
48%
48%
Kroger Co
(The)
Sep
19
32% Jan
Keystone Steel & Wire Co—J
Kimberly-Clark Corp——
Kinney (G R) Co__
—.
$5 prior preferred
j
Koppers Co Inc—Cum pfd 4e/o
series
Kresge (S S) Co———.
Kress (S H) & Co
—i
84
34%
36
May 31
122% Jan
3
18
21%
*17 '
Dec
30% May
105
May 22
Apr 22
34
17% Oct 30
46% Nov
Sep
16%
21
;83%
*28%
2
15% Oct
16
*42
Dec
Dec
25
10
21
44
140
Feb
53% Feb
24
16%
*42
NOV
116
18% Oct
13%
16%
21%
3
21% Nov 22
4
May 27
30% Aug 23
22% Jan
~8%
Monday !
•>>N0V. 16
$ per share
Tuesday
>
Nov. 18
$ per share
6%
12%
40
15%
*51%
*3t*/4
'
1
Nov. 19
Wednesday
29
Jun
3
100
Aug
5
72% May
46
Jun
3
28
98% Oct 21
33
43
Nov
22
Sep
10
43% Oct
i
;
J per share
Nov. 20
Nov. 21
% per share
$ per share
7
Nov. 23
10
Sep 30
45% May 3
62% May 17
65% May 22
13%
10%
Mar
35% July
*49% Nov
Jan
60% Oct
26
37
38%
39%
36%
7%
7%
2%
6%
2% Mar
2%
35% Jan
*25% vii49%
18% r<!8%
46
21%
•91
•*93
*31
188% 188%
*48%
40%
49%
*47
48i/2
43
39%
24%
45%
47- .-'47
21%
26%
'• 72
*20%
20%
•172
24%
23%
105%
103 y8
44
46%
46%
?•
41 %
20%
21 %
19
25%
26
25%
<69
21%
20
20%
>20%
176
•26%
41
*103%
21%
26%
37%
44
43%
24%
25
93%
188
37%
45%
107%
*70
92
.
*185%
39%
170
;
10%
82%
.
43
43
•106
,
93%
191
*38%
46%
.»;•
92
'94
*190
•
10
33%
94
'
23
45 %.
10% .10%
*32%
43%
•2S%>23%
25%
451%
.
69%
*67%
20
19
20%
20%
170
*169
27%
24
103%
19%
,
.
25%
68
19%
20%
170
49
49%
26%
26%
22%
22%
46%
46V4
101%
101%
20%
15%
■v
15%
*97
141/4
*34
36
*150
155
*41%
*34
■
41%
•109%
*15%
18%
♦16%
41%
*109%
16
40%
109%
*36%
37
36 y8
♦147
155
*145
39
40
> 39
39%
*109y2
40%
37%
109%
*109y2
15%
14%
20%
99%
14%
36%
109%
see
page
2707,
14%
17%
18%
17%
18
5 15%
16%
15%
18%
15%
XI5%
15%
15%
15%
15
preferred"
Inc_^__i7,700 .
Macy (R H) Co' Inc—l> 100
4%%' pfd series- A—
2,800 V Madison: Square; Garden.
>i
>
>
11
13
4,200 1
Magma
1,400
Magnavox
v
Copper—
Co
(The)_^_
42% May 31
*
Jun
13
76% Jan
30
37% Nov 22
Mack Trucks
3,200
38% /
Sep
38% Oct 30
6%
39%
15%
-
32
153% Nov
MacAndrews &: Forbes
100
155
17%
18%
footnotes
155
40%>:;4i%i
40
110%
For
36
*148
42%-
Jan
6% Jan
6%
i!
Jan
12
29% Jan
6%..;.; 6%
25%
$ per share
54% Oct#
37%
2%
24%
Year
47
52
42%
♦24
Range for
,,
Lowest
31% Jan
10%
65
106% Oct 10
12% Sep
■?
•
'
16'A Sep
14% Oct
18
20
28
160
<
May 28
111% Apr
12
Xl7% Nov 13
30% May 28
17% Sep
27
Dec
35% Nov
13%
*50%
19
$ per share
60
11%
49%
19%
t per share
Par
39
*45
52%
*25%
EXCHANGE
40%
12%
38%
11%
.2%
Range Since January 1
'
Lowest
Vv
Highest
YORK STOCK
Shares
Nov
96% Dec
Aug
7
*12
-
NEW
the Week
tper share
6%
12%
40%
15%
60
Sales for
Friday
19
101
STOCKS
Thursday
Jan
15%" Feb 26
83% Nov 20
26% Oct 30
'
LOW AND HIGH SALE PRICES
Saturday
Deo
61
116% Oct
21%
16
Nov
May 31
115% Feb 15
Furn—
13%
♦21
'
145
9
63
Kan
24%
50 ;
*49
Stove
137%
Apr
47
City P & L pf ser B_—;
Kansas City Southern—
4% non-cum preferred.,—
118
23%
24
52%
preferred
Kalamazoo
19%
*116%
com—No par
Corp
Not
114% May
153
100
preferred
Manville
Dec
July 16
59% May 29
114% July 31
167% Apr
9
100
Johnson & Johnson
12%
4% 2nd prefered ser A—
100
Joliet & Chicago RR stamped__100
Jones & Laughlin Steel—j-No par
5% pref series A
100
Joy Mfg Co
—1
4%%
22%
108
No par
45%
*109%
47%
111%
160
34;':_34%
1
pfd___l00
^
128
*125
*23% \24%
Co
(F L)
Jersey Cent Pw & Lt 4%
jewel Tea Co Inc
103
111%
♦100%
1
$6 preferred
*110
33%.
-25
.7%
*50 f
51
♦109 & 111
:
No par
Intern'l
111
,
No par
Shoe
38
♦109%
'51
17
Salt
International
International Silver common
42
*46
24% Jan
International
42%
*21
*126%
of Cent Am
preferred
—15
—No par
No par
100
40
*142
•110%
Co.—
Inter Rys,
5%
100
^
,
Paper
$4 preferred
40%
15
9%
Nickel
Preferred
39%
15
*103
100
Mining Corp
—1
of Canada--;.—--No par
44
24%
io%
5
Chera
&
preferred
International
54
*35
104%
Min
40%
39%
*42%
io%
Int
109%
*50
54
*52
104%
4%
12%
110
JL25
Hydro-Elec Sys class A
International
105
*12%
.100
——
—
International
46
*108%
n
7%
28%
30
105
8*% Mar
Machine—L—No par
Preferred
Int
7%
28%
136
44%
6% Mar
2
Harvester—.-No par
.
4%
29%
*134%
30%
136
46%
182
92
4%
29%
*134%
16
Int'l Business
68%
68%
180%
7%
7
29
28%
'
13% Feb
20% Feb
__
International
209
*206
3
r-Nopar
Rubber
Interlace .Iron
*182
Aug 21
•22% Feb
1—I
Ctfs Inc
Intercheipical
v
190
20
Inspiration Cons Copper
Insuranshares
3
17
•
.—No par
Inland Steel Co
37%
Jun
151% Jun
No par
100
'
May 2o
54
1
Rayon
Ingersoll-Rand
6% preferred
118%
per share
16% Jan 28
Indianapolis Power & Lt-___JVo par
117
1 '"Highest
/ $
14
Industria Electrica De Mex, S A
*178
Year 1945
t per,share
99% Apr 16
37% Jan 28
1000
A
series
$ per share
44% Apr 23
45% Jan 15
20
100
100
100
Power Co.—
Idaho
-
Lowest
Previous
1945
.Highest
$ per share
-THE COMMERCIAL & FINANCIAL CHRONICLE
Number. 4545
jVolume .164
2703
NEW YORK STOCK RECORD
LOW
f
Saturday
*395
10 %
10%
131/3
*131/2
13%
•27 %
-271/3
? ':t 41/4
41,4
>-10
26%
500
/10
13%
'lOi/a
26%
27
*395
500
9%
*395
26%
26%
26
26
-4%
4
4
4 V
4
7% W
7%
7%
7%
12%
11%
11%
4
4
7%
7%
73/4
7%
7%
26
;>vr
11%
11%
11%
11%
11%
32%
32%
31 %
321/4
31%
32
1111/2
*1093/4
111%
111%
110%
111%
111%
111%
351/8
34'/4
35%
34%
34%
331/4
34%
32a/4
33%
141/2
14
14 »/4
13%
13%
14
14%
•13%
14%
141/2
*52V4
53
*29
♦203-
205
-
*51%
27%
*203-
49%
49%
1051/4
105%
*203
104
*47i/2
96
96
*95%
1-1
11
*10%
45
*112
45
26%
*35
35%
263/4
10%
44%
34%4
35
28%
28 Yz
28%
27
47%
47%
47%
47%
•> 40
40
♦104
106
*21
*104
106
<■:.
1
;:i
21
27%
28%
4
40%
164
.
21 '
21%
27%
40
•
*34%
.47.'':
41%
>
27 %l
21%
♦106%
21%
21%
107%
*1061%
21%
107%
32%
47 '
41 ;•%'
40
io3.y2
20%
21
27%'
27%
*
*106%
27
47
40%-
-
21%
10.3%
39%
1,000
40%
•102% 104
20%
20%
20%
20%
27%
*25%
i065/a
205/s
'19%
106%
McLellan. Stores
2,800
•
.
1
290
103%
104%
48%
49
49
49
48
47
457/a
46%
1,000
4%
23%
24%
24%
24%
24%
24%
24
24%
237/a
24 Mi
2,500
Melville
*20
20%
20
20%
19%
20
19%
19%
19
19%
19
20
5,800
Mengel
*62%
65
65
*62%
-
*62Va
•
*
48 5/»
•
*457/s
64
62'/8
62%
61
62 %
68 ya
62
.
'
y8
193/4
19%
197/s
19%
19%
19%
19%
18%
19%
18 3%
18%
42%
*405%
42%
*405/s
42%
*40%
423/4
403/e
40%
40%
40%
*545/8
56
104
41
343/4
341/2
*41%
*108
1083/4
12
12%
34%
12
34%
34
144
146
12
12
11%
11%
11%
11
,
561/4
56%
56%
56
'
33%
563/4-
XllO
110
*471%
49
48
48
•*?
9% i-
9%
*1003/4
*28%
29%
*44
13
*1003/4
105%
7%
50
493%
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49 3/8
503/s
120 ?V 120
483/4
.
X46
13%
30%
30%
7
*43%
62"
60"
60%"
21
21%
20
41
58
*54
58
46
*43
46%
17%
17%'
21%
v
*40
41
--
54
20%
20%
'41%
40
173/e
163/4"
17%
*17%
*15%
17
40
17
16
15%
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15%
*35
36
351/4
35%
111
111
*110i/4
11%
54
40
155/8
Xl4% >14%-
33%
35%
111%
*110V2
111%
10%
10 %,
34%
*34%
36
35
54
*50%
54
15%
•
15%
ll3/4
•
113/4
15%
28%
14%
13%
140
.7,200
900
343/4
Myers
133/4
13
28
27
*26%
■
26%
27
v
14%
15%
15
151/4
14%
151/8
113/8
11%
11
11%
^Ll'/e
ll'/a
133/4
143/4
15'/4
14%
153/a
14%
22
22%
21%
21%
21 »/4
21%
28'%
26%
275/8
26 5/8
27%
26%
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24
24
190
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24
*) 841/2
25
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10 y4
10%
10
10%
9%
32%
323/i
32
32%
31%
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153/a
15%
15'/4
15%
15%
15%
15
30%
30%
30 y«
31
29%
30
29%
301/4
28%
16
16
16
16 Ve
16'/a
16%
16
161/8
361
34%
*22%
25
9%
10 ye
32
31
31%
14%
151/4
157/a
15%
100
r
(
.
4,700
,
3,300
3,300
[;
j
4,100
r
'4,200
15%
34'/a
'
33%
34%
33%
18!%
17%
18%
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173/4
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17%
16
21%
21
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211/4
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21
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v
13/4
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v.
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38
>37
102
95
97
18%
18%
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.
*18%For
19
footnotes
153/4
see
;
30%
page
V-n
-£
37%
l%t
18-
92%
26%
15,
15'
;•
y,
900
•
f,
600
{ *
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3,200
•
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23%
l
I
900
12,200
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im
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11
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105;
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29
'j:
Nat
—
&
<
*
Par.
'
5
-
$ per
!
'
t'
....
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33%
•
111%
30%
31
97%
97(4
*97%
:
19 %
18%
38
39% i'
.38
39
38 y»
''1%
15%
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95
|
W;
18 y«
36%
36%
:
94
18',4
'
......38
:.U
-15
,,.33»/4
96'/2
1814
56% Cot
7% Mar
109% Jan
124
Dec
Deo
22%, Jan
37
Dec
13%
5%
Jan
16% Jun
23
16%
Jan
Jan
49%
Jun
62%
Dec
25% Jan
36
Deo
47% Jan
76
Dec
24%
Dec
36
Apr 22
17
104% May 29.
30% Apr
t Deo
21
3
Jan
29
63% Dec
€1
Deo
56 7 Jan
15
41
64
Dec
62
Mar
16
21% Jan
33% Dec
May 31
23% Mar
32% Oct
47% Deo
34% Jan
36
31% Jan
663/4 May 29
9,
109% Feb
10
30
27
10
91%
...
17%
^
-
38..
15%
'
36
.«
93 £
17%
;
13
22% Jun
„
;
18%
9% Jan
6.
97% Mar
114% Jan
55% Feb
70
•
15%
36
90
:
17
preferred—
4
—
'.
900
M'
'/
JiV
•
;v
^ 20% Oct 21
4
10
22
22
30
26
2,500
1,400
Corp
No par
-
—
New
/
Jan
37%
16 y4 Mar
41%
Dec
9% Mar
19 Vn
NOV
Nov
68
13% Jan
34% Apr 17
373/8 May
1
:
10
15% Dec
20 y8
20% May 28
28 3/4 Jan 29
10
:
2,000
'
,
Sep 23
100
common
4% pfd.100
Z—10
Newport Industries.:
1
4%% preferred^.—.—Z—/
100
Newport News Ship & Dry Dock—1
New York Air Brake
./.No par
45,200
:
88%
.16%
(
15% Jan
35% Jan
16"
41% May 31
347/a Jan
2
5(f/ I™* Nov 22
Corp—
Co..—
Co
New Jersey Pr & Lt Co
Newmont Mining Corp
100
;14%
*33%
10
S per shara
t per share
share
52% Jan
24
143/4 Nov 20
_-_l
Newberry Co (J J) common.No par
"33/4% preferred—/
—100
4,100
Z
Sep
■:
25% Jan 15
/
Oct 25
*
27
1
Inc
Fibres
Range for Prevkme
//Z
Year 1946
/,
Lowest.
. Highest
"
per
66% NOV
Jan
63
'Highest
,
62
48% Nov
15
Jun. 11,
,,v'
21% Dec
Dec
Jan
13?
Jan
115
109% Jun
2
Jan 20
22
V ;/
Deo
109% Nov
27% Aug 2.4
49
May 8,
•
,
:
Dec
32% Dec
x34%~Dec
23 % Mar
205% Apr
3
181%
Oct
195
Deo
323/4 Apr
16
20%
Jan
30
Deo
Jan
31% Apr
Deo
il% NOV
32% Dec
213/4 Feb
13%
5
45% Jan
29
20%
243/a Aug 13
37
May 31
12% Mar
23
9
Aug 13
13
19% Deo
Jan
•
Nelii
5,300
39
15%
26% Dec
57% Aug 21
-
3
34% Jun
21
22
24
10
28
9
32% Aug
10% Sep
York
IN0 par
Central
—100
N Y Chic & St Louis Co.,
6%
preferred series A
Omnibus Corp
N Y City
:
100
No par,..
54y4 Nov
Jan
13
Jan
26 ya
108
X101% Aug
Jan
24
17
177
29;"
'
Sep
•
37%
.199%
Apr 10
152
Sep
167
107/s Aug 21
/ 1 41% Feb
4
21
Jan
35
72% May 17
33
Jan
69
173
21
30
19
2% Sep 12*27
Apr
19 / 101% July 1 >/ 65
22% Aug
10 ,/./ 38 ^ Apr 25
15
Jan
25
Jan 18
22
Dec
,Jun
Dec
Dec
Nov
Deo
Deo
«
•
85% Nov
36
24 y»
Dec
Deo
k
32
21
22
?
33% Mar
>
s
2
26% July
102% Nov
10% Jan
/ 19% Dec
.
24% May 27
.
107% Dec
14% l^T
2
10% Jan
32% Jan 30
15% Mar
28% Dec
103
Feb
35
Dec
108% Mar
Dec
37
109
Nov
15
18%.Oct 10
" Oct 30.
.
22
Feb
Sep
26
;
# 109% Aug 29
>
43 V4 May 24
110% May 27
25%
104
' 109
30%
27
16% Nov 11
29
42% May 10
4
Feb /8
Nov 8
Sep 19
May 28
Oct 10
Sep 23
95% Oct 29
18% Nov 21
36% Oct 10
13% Oct 10
/ 26
Sep 19
79
Sep 24
/ Jan
106% Mar
;
10 i
9ct 19
<
37
*
July
207
Not
9
108% Jan 24
19
10
.
14>
67% Jan 29
33% Jun 14
40% Apr
3«
24% Jan
45% Apr 22
400 / Neisncr sros Inc ney/Z——/-.I717
=££
43/4% conv serial preferred/..100
106
120
2,700
.:
19%
15%
Aug
l
Mar 25
135% Jun
13 ' Oct 30
23
•
1
J*%
150
98
18%
.
190
Natdmas Cb--/-/-———No par'
'
33%
20
,
13
42% Mar
5
24
"45
share'j
-
't 1,206
29
99;
>>97 Ys
l
18
70 V Apr
8
23% July 15
-
31
Lowest
Dec
Mar
160
Jan
52
18
:
/
63% De«
Jan
Jan
173/4 Jan
v
Oct 29
53
25% Oct
189
Nov
Nat Bond & Share Corp.—No par
22% Oct
f
National Can Corp
10 '
, 9%Nov
Nat Cash Register——.
No par
31
Nov
a "Nat City Lines Inc
———1
13
Oct
•/National Container——
:
-1 •*' 24
Feb
*
National Cylinder Gas Co
.1
15
Oct
$*■"$'■$■■■ ■ -**'
:-v. >1 ^
■■
Nat Dairy Products—:
.No par
: 30
Sep
National Dept Stores—J
-5
15% Nov
National Distillers Products
No par
:
19% Nov
Nat Enam & Stamping
No par
33
Sep
National Gypsum Co—'—.
—1
16% Oct
$4.50
conv
preferred
No par
" 102 Vs Oct
National Lead Co—;
;
10 '/ 27
Sep
1%
preferred A
—
100
185
Nov
6%. preferred - B.i———.100
*149'
Oct
National Linen Service Corp new—1
6% Nov
Nat Mall & St'l cast Co^
No par .
20% Oct
National Oil Products Co
—4
41% Sep
National-Power & Lt ex distribution' " :1% Aug
National Steel Corp.:
1—25
: 75
Sep
7 National Sugar Ref Co.—
No par. .
25% Sep
National Supply (The) Pa
...10
11% Nov
$2 conv preferred./
'
i
40 '
17
Nov
i
4Va% preferred—
Z—Z
100
90
Nov
National Tea Co!——/
1QVZ
21% Oct
*■'
1,000
-
105
*103
St Louis—
Airlines
Automotive
National- Biscuit
"
20
...
36
35
May 31
44
.'9.
14% Nov
7% Jan
25% Aug
9
19% May 28
■ s 129
10
.14% Sep
Nat VulcanUsed Fibre Co—v—1-—1
109%
£,>">27%
104%
'
99
Jun
:
Range Since January 1
2,200
19 i
109% <1 ™*mV2
11014 -.*109i a 110%
•.
331/4 i
32%
29%
30%
?
:33y4 733%;
30% "30%
Dec
137
July
68% Apr
10'
Sep
56
111
9
U93/4 July
56% Aug
;
Nov 21
34
.
Jan
37
26% Mar 18
30
.
3,000
20%
..Hn8%
•/ 250
1,300
.V
*107%" 109%
-
30 /
;
92
25
.
*20%
■&* ;>'•
109%
r
90%
:
205/s
94
2707.
4,600
1'
01%.
l7%
17%
.
1%
79
'-j
.
13%
XI
u
•
25%
11%
80%
25%
n
7
21%
42%
20'/a
♦97*4.
,
•
16
.
80
'
100
40
21%
25%
26%
15% a
11%
is
._1.%
..
*/y
42%
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12%
*173/8
-
>"109 & 109'/a 33 > 331/21
:
42%
81-
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r
f
*105 ,/ 105%
31
,
12%
26% /
30
34
31%
118
6%
7%
22%
42%
80
5,400
187:
-
1%
"
25%.
93
*107%
4 105 V* 105'/4
*109% 111%
81
13
18
•
;
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:
15 y«
31
30 %
r
i
"
>
•
155
-
26%
/
*183
.21%
43
16,100
31
*151
6%
7y«
22.
100
1043/4
152
-
-4,300
45,000
(
187
152
'
81 %
'
30%
20%
6,800
"
,
34
30%
30%
(
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103%
103
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22
v
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20
187
43
81%
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21
153
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7
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44
26%
18
18
.,,C
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92
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(
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,
11%
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187
r
18
(,
21
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18%?"
26%
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15 4
21
,
.
153
12%
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;'
92
x
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// *107% 109%
31
26%
30%
186
26%
13
92'.-
15
*11%
81 %r
1263/4
35
31
1
7%
21
20%
104
./
*43
'
20%
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35.
21%
103%
303/4
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,
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104%
185
44./2.
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22%»
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21
153
t*
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7%.;
7%
223/4
43
'
•
30
Cv
156
23
43
/
189
*153
7'/4
*22%
'•
**187
-•
156
.
7'/4
103'/4
31
30%
35
20%
1043/4
*103
31%
9 187 *•'/ 187
•(
.
-
1
16%
34%
18J/a
21%
34%
% Jan
123/4 Nov
22
*•
Corp
Aviation.
151
15%
18 %
36 y»
62
173
•
19
10
87% Nov
45% May
106% May
3
45% May 15
30
-
Jan
May 15
61% Jun
50% Sep 19
40 • Nov 22
15% Oct 10
19
Oct 30
•
Co
Battery
28J/4
27%
23
Acme
National
31%
21%
20%
77
>
STOCK
,
National
■—
9%
9%
10
31%
18 %
*34%
YORK
600
7,600
190
21%
35%
29% Nov
-
33% Mar
2
18% Feb 18
8 Ma Oct
Dec
Deo
25
9
10% Oct 10
31% Feb 26
"32 -• NoV 22
20
•
30%
12% Mar
110 3% July 19
/
;9
'57% Nov 2£
.'10
„.Nopar
EXCHANGE
National
■
35%
i
2,600
26%
*184%
25
32%
21
26
190
*22%
190 ~
-
-
•
26%
National
8,699
5,500
133/4
21
15
23
103/4
36%
12
Sep 19
Dee
27
Jan
6
52% Apr
111%-Sep 10
^1
& Bro
Nash-Kelvlrtator
1,500
15%
32%
36
\
50
—
Nashville Chatt &
50
•
11%
190
17 %
10
32% July
29
Nov 22
43V4Sep 10
?
& CO—.No par
7"""
14,300
28
27
*2o»/2
15
•23
(F E)
NEW
Shares
$ per share
13%
131/4
14'/a
Sales for
the Week
Nov. 22
11%
,
109% Nov
'.Jun
30% Apr 22
107% Aug 26
57% Aug 13
*
157/8
Sep
13% Jan
5
16'/4
*184y4
24
,
Friday
$ per share
27%
27*4
Apr
104
4
14% Mar
STOCKS
27
*26%
3
41% Dec
64%
,
54
11%
273/4
Inc.
•Mullihs Mfg Co plass
PRICES
$ per share
27
15%
190
*23
14%
*27'/2
Deo
Dec
24
10
$7 preferredi-U————No par
102 ; Oct
Munsingwear" Inp_——
_5
13 % Sep
'Murphy Co (G C) com.—^
Ll 7'
323A Oct
4%% preferred—
w
100
108y2 Jun
Murray Corp of America
10
.
W* Oct
'
4% preferred.^———-pO ?
33% N°V
1,800
10%
*50%
Nov. 21
*26%
34.
333/4
34%
54
Thursday
27%
*22%
28 %
•184%
*50%
'
160
110%
15%
15%
27%
33%
54
Nov. 20
14%
70%
10
12% Oct
.»
Corp./..—.No par
Corp..»
5
Brass
Co__
1.
1
Mueller
2,500
.1.200
11%
24
*23%
35
Wednesday
28'/a
36
Jan
26 % Nov
Sep
Sep
5% Oct
.19 ,Oct
'43% Nov
Products
-1,000
15;
10 j/a
10%.
Nov. 19
27%
14 Ve
283/4
36
Tuesday
27%
145/a
Jan
52
30% Jan
113% Apr 18.
'
Wheel
"
110
105/8
$ per share
Lines
pfd
(John)
Motor
103%
34
*110%
11%
SALE
cum
Motor
153/4
'
"
36
*50%
$2.50
Morrell
2,200
,
39
*14%
111%
$ per share
28%
75
39
.15%
103%
103/4
Nov. 18
share
14%
20
39%- -393%
15%
36".
Moore-McCormack
-3,000
163/a
19%
*35
LOW AND HIGH
*28
16%
'15% "16%;
Nov
19%
10
-
17.
103 .'
15%
17%
20%
103 O 103
43"
22
Jan
36
1
100
19%
.
40
103 /
series A—No par
Ward k Co^...No par
preferred
Montgomery
200
165/a-
2;%
*16%
17
56%
40
40
*110%
Monday
$3.25
:
11%
Nov. 16
*27%
'5,600
111%
*50%
Saturday
$ per
27,800
21
34%
34%
345/8
9,400
-
'59%
11
11%
*50%
'
103 ,/ 104'
-103'/T 103%
104
48
32% Deo
Jan
35% Jun
100
28
Deo
65%
19%
9
35% Apr
105% Sep 26
40% Apr 30
1.25
i
Oct
Sep
108% Mar 21
10% Nov 22
—20
,
55
114
27% Jan
23
56% Jun
10
Dec
Jan
105 Ya Jun
• 93/< Oct
45
Oct
pfd series A—100
16%
Jan
69
8
Oct
Dec
Aug
21
Sep
May
53%
109% NOV
Sep
Nov
140
'
17%
x20%
•
100
Monarch Mach Tool...—...^No par
Monsanto Chemical Co common
5
300
43%
1st preferred—i.
Monawk Carpet Mills
Mojud Hosiery Co Inc
400
118%
20%
*53%
56 %
43%
cum
RR—par
^"preferred series A.—Z*—10Q
3,500
57%.
*53%
ju-.—
; Md-Kan»Texaa
'
200
,
29"
47
203/4
45
.
'
*102%
11,900
118%
60
*
54
*43
17%
17%
10,200
1
29
•
Apr
May 27
Apr
106% Nov 22-
-
2,000
43%
12%
,
8%
40%
110
6
46% May 29
30
39% Oct
Dec
195
Jan
34% July
30
54
.
$6.50 preferred™^..
No par;
Mission Corp^—>*——,10
!
*54
21
43%
V 12%
12%
59%
22
,
100
22%
176%
Deo
Nov
33%
Jan
48% Apr
Oct 10
100
Minn Mift dt/Mfg—w——--u.JVo par
Minn Moline Power ImpL
"
60%
*43%
71
18% Nov 21
36% Sep 4
—5
63%
48
Mar
Oct
1
3.20conv
4,400
28%
7%
7
48". 49%
*118% 119
119%
211/4
21%
'
1,200
9
21%
45
50
>118%
63
*21
.
30
105
28%
293/8" 29%
213/4
17%
3,300
,
48%
*102
12%
62%
17%
*473/4
8%
7%
21%
47
4,300
111
22 y4
8%
Jun
61
Minneap & St Louis Ry new^No par
Minn St
SS M A vtc__—No
par
Minn-Honeywell Regulator..
__3
1,200
56
9
21%
63%
-58
55
28%
213/4
.
,
Dec
24%
22 Ya Aug
5
Mar
'
U
10% ,,103/4
•
48%
28
21%
*54
160
,
46 3/4
18
preferred———No par
Oct
Jan
9% Mar
May 31
43
19
43 % Oct
Jun
122
18% Sep 10
103
Sep i9
■
Midland Steel Products———No par
600
144%
*107
31
:-49%
120
22
.
150
Co__——-
Dec
111
Sep
12
■
118
?1
Sep
Nov
55 *•
19
18
20 M* Oct
-$ •
Mid-Continent Petroleum^———10 ^
2,800
..
32
32
55%
13%
*293/4
cum
Machine
42%
104%
17
*
25
Sep 12;
20Vs Nov 22
-
100
1st
conv
Jan
Jan
27%
May 10
97
393/4 Nov 22
50
Mlanri .Copper--l/»
1
63%
*42
33%
33 ya
*102%' 105
46
*
13
493/4
120
122%
6,700
10%
X47%
8%
23%
22
45
13
t
12%
144%
103/4
111
28%
73/8
7%
233%
70
Sep 20
44
.j.—L
—
Deo
18%
-40
18
204% Nov 20
\
11
Oct
30
■
Apr
23 v, 112% May 13
" 23% Sep 20
Metropolitan Edisoa 3.8ay# pfd.100
'
X55%
105
-
28
*44%
,32
12%
34
*107
48%
9%
9%
105
7%
133/4
*30
-
9%
223/a
45
13
80
32 3 4
10%
111
48%
281/4
23%
*44%
313/4
*30
48%
7%
45
*12%
*108
9%
23
-24%
111
48%
91/a
29
28i/4
7%
7%
24
111
105'/a
9%
*1003/4
105'/8
1063/4
12%
_
32%
11%
56%
'
Corp—
;
1
Co. (The)———>—1
$3.50
'
11%
55%
113
1063%
144y2: 144%
*10%
11%
11
11
12
Sep
Oct
Oct
Sep
Jun
Sep 19
25
Shoe
Mesta
1,000
„
t
103/ Nov 18
5-
Merck & Co Inc
100
41
42
,
JUopar
Merch & Min Trans Co—No
par
1,800
104'A
*40
108
12
34
12
«
*105
"
146%
55%
♦111%
55%
54%
*103
41
par
—1
preferred
Dec
Apr
21%
May 28
383/a May 29
'
12%
34%
33
144
123/4
123/4
108
34
*33
146%
5.5%
104 %
40%
par
l
preferred/
Mercantile Stores Co Ltd!
-
34
*>4
34
144%
55
*103
42%
108
12%
34
343/4
146
*103
108 3/4
12%
55%
104%
54%
106
41
12s/8
144
55
*103
41
*108
103%
*335/8
543/4
106
41
41%
12%
f
55%
'55%
*103
104
108
>
5 9<f
200
*403/g
par
par"
No par
preferred—
2nd
Dec
7%
11%
109
*
6,200
*40%
?
4%%
270
19%
75
.
104
94
!
9%
45 y«
111
•
Co—
397/a
Jan
3%
48 y2
,195^ Jan 8
; " 45% Nov "21
:
McQuay-Norris Mfg Co
1——^10 r
Mead Corp_^«—J70 par
24%
-
9
7
" 24% Sep 20
i>ar ' 103
.
!
1,000
700
50
*48%
; 24%
Sep
27% Oct
48
par
100
Co
;
Oct
7% Mar
18 V*
—
Co
Pub
10
8
S 30% Nov 22
57% Apr 24
X109
Sep 11
112 y8 Mar 25
:' 31" / Sep
4
45 % Feb
2
par / ' 12% Oct ' 9 // 30% Jun
5
_
300
>
Jan
10
11% Oct
'
.
McKesson & Robbins lnc,
r18
' $4 preferred_i,»^——No
.
24
21
19
15%
4,700
20%
105
Electric
McGraw-Hill
r
46% May 31
Nov
73/a Oct
23
Mclntyre Porcupine Mines
„
26%
20..;
106%
1,200
'
Dec
203/a Jan
1,700
*25 J/4
21
108
104
*102%
32%
—
Corp_—
preferred
conv
32 Ya
625
Jun
7% May
4
5
cum
3%%
1McGraw
Jan
425
28
100
Corp—
McCrory Stores
..
290
27
46%
"
28
•
32%
2?ya
/
2,100
.
•
Nov
14
Aug 15
Jan
No par
McCall
1,500
26
105
15%
14
3 Mi Sep
Wks^>——No^par
pfd'—.:—
—No
Maytag Co——.i..——No
$3 preferred-——
No
$6 1st cum preferred
No
300
8
26 %Jan
V-
l
preferred
$3.40
•
1,200
42%
•103
47
27%
47%
40%
10%
34
27%
•
21
'
21%
34%
34 4
*27%
.
100
:
49%
25%
•
104
•
$3.75
16 3% Apr
526
11% Feb
El^ec Col__—
preferred*
May- Dept Stores—
.
10
10
»_1
.'7%
.
!
290
113
42%
26%
,
: '
20
5,400
.
96
*47%
Master
$ per share
t per share
Jun
,
26
Exploration
Mathieson AlkaM
3,600
463/4
•112
43
26
104
1,800
,300
1
Oil
Year 1945
$ per share
8% Oct
•
par9
Midland
Highest
Lowest
12% Oct 30
j.__l
Martin-Parry Corp
Masonitc Corp——.i.—.__No
'
52
10%
483/4
113
42%
27 :?
104
:
*20 3/4
28%
35%
10%
10
-2,500
<
520
50
Co
—
4,700
105
95%
Marine
Highest
$ per share
,;
.
Corp
j__5
Market St Ry 6% prior pfd
100
/.Marshall Field & Co—
No par
;
4%% preferred——.
100
Martin (Glenn L)
--~l:
70
.
200
•
Par
,
Shirt
Maracaibo
-830
,
Sugar
/Manhattan
i
17,300
•v
29
105
95%
*47%
103
•
•
263%
46
47%
104**'•
*112
43%
26%
27%
48
28%
•47 "/
10%
103
:
-
95%
49
200
205
45%
104
113
43 W
27%
*200
-
96
*112
104
j 04
104 v
103
47
■»
29
26%
V
Manati
7,400
'
14
52/'
29
27
*
33
13%
"
"
111%
/
Mandel Bros—
1,100
1,500
;
31%
32
52
;
26%
104%
*47%
113
44 ■•/■
445/8
26%
26%
106
X29
96
48%
*112
113
*44
26%
♦104
*47%
48%
47%
113
52
29%
46%
11
48 y2
*112
52%
104%
97
II1/2
H1/2
•
26
30%
111 V
315/a
27% i
204%
204%
*
473/4
%r 105%
97
*95%
31
29%
273/i
-205
47%
49
105%
52
11%
271/4
"
30%
27%.
..
105 '
473/4
1051/4
52
*29
30%
27%
27%
27'/4
52%
52
31
*29%
*110
400
Range for Previous
Lowest
-
V//-'Range Since January I
Mahoning Coal RR Co
2,400
*4
4%
7%
.
%
.EXCHANGE.''
,
'
6%
13%
■
13
*11%
35
500
9%
*12%
93/4
r'
NEW YORK STOCK
;•
Shares
13
11%
•1093/4
$ per share
.13' >":' 13'/;'
/
)
the Week
Nov. 22
.
331/4
33
,
•395
>'/ 13%
Sales for
Friday
-
$ per share
4
"■
7%
*11%
■?
27
>$ per share
> 500
10%
13 %
7%
Nov. 21
10
*10%
•<
Thursday
Nov. 20
*395
500
•395
STOCKS
Wednesday
tper share
S per share
500
^
SALE PRICES
Nov. 19
Nov. 18
I per share
HIGH
Tuesday
Monday
.
Nov. 16
AND
"
•
113
50
45
Oct
106
/
Apr 20
Jun 2.7 /
19
5
18
353/4 Jan 16
61 y4 May 29
109% Jun
34% Apr
69% Jan
'
(;
Jun
37% Feb
135
10 I
16
Oct
(105% Jan
8
47%
18% Jan
88%
Xl6% Aug
:
110
Aug
32
27%
Nov
Deo
Dec
Deo
Mar
58%
Oct
21% Jan
35%
Deo
Jan
75%
Jun
45
32
103%
Jan
28%
Jan
148
-
Jun
39% Nov
&704
V
A
-THE COMMERCIAL & FINANCIAL CHRONICLE
:
:
NEW YORK STOCK RECORD
LOW AND HIGH SALE PRICES
Tuesday
No* 10
Monday
Saturday
//'/Nov. 16
Nov, 18
,
I per
I per share
tper
share
share
Nor. 20
tper share
t per share
EXCHANGE
Shares
$ per share
28%
*22
29
*22%
25%
"22%
022
25
22 V#
70
*60
10
*60 i
70
"60
*70
50
CO
60
60
•250
285
*240
285
*240
285
*240
285
"240
285
"235
108%
*107
108%
*107
108%
107%
107%
106
106
12%
12%
12%
33%
230
33%
233%
*125
125%
26%
26%
21
10%
20%
20%
103%
103%
46
*
*10
10%
4M.
*17
17%
*44%
'33
?;si
1117a
11074
11074
2274
227a
2274
227a
21%
21%
115%
19%
18%
19%
*102%
102%
19%
19%
15,400
45%
40
9%
9
9%
600
17%
17
18%
19%
44%
45
*10
17
17%
17
17
3374
327a
9%
33
33
*109 7a
1117a
227s
111
227a
22%
'
"44
20%
46%
10%
10%
227s
10%
10
115%
102"%
*45
*109
io%
18%
46
3374
347a
*11074
26
H6
18%
33
337a
•109
3374
22%
22
„
0
41% May 28
17
Jan
53% Oct
4
76
41
Mar
Jun
23
325
105% Sep
24
113% Mar 18
13,400
207a
22
*217a
,
1174
1174
•1147a 116
Edison
2874
28%
1
27
2874
28%
2874
29
28
28%
28
287a
3,700
163
*159
163
*20
71
72
12%
*159
163
21
21
*19 7a
227a
*87
163
90
*87
90
7274
>
7174
71%
707a
'
*159
20
1137a
*159
22
*20
22
87
87
88
88
100
71
717a
707a
71
12%
Nov
Not
Jan
10
Nov
21
Jan
3
117
10
36
19
37%
126% Nov
11
8
3
26% Mar
63% Deo
55% Jan
3
46
Apr
57
Not
Jan
15
Dee
Nov 22
17
6%
19% May 15
Sep 27
25
May 23
21% Deo
12% Jen
107% Jan
29% July 1
16% Aug
21
22% Jun
36
Jun
xll9%Jan
177s Jan
120
Feb
51% May
39% Feb
180% May
35
Jun
111% May
100
Apr
Sep 25
181/. Nov 22
09V* Oct 14
10% Nov 22
xll3
Sep 11
Nov 22
27
No par v
26
158
2.50
Oct 10
Sep 24
21
No par
,.12.50
2,500
Pacific Amer Fisheries
Deo
Deo
38% Deo
56% Jan
37% Nov
4
112
Jan 19
Owens-Illinois
Deo
15"%
112
104% Nov
9
6
100
Co
31%
Jan
9%
105% Jan
17% Jan
May 22
19% Feb 26
5,800
Oct
258% NOV
18% Nov 21
Oct 19
44
100
Glass
50%
Jan
Jan
118
30% Sep 30
108% Jun 26
Outboard Marine & Mfg
Outlet Co
Deo
2* % Mar
102% Oct 24
-10
-
Oct
110
Aug
19% Jan
219
16% Feb 16
Jan
410
162.
Mar
102% Sep
14% Aug
100
Otis Elevator com
0%
preferred
100
19
288% Apr
5
129
Aug 15
39% Apr 20
23% Oct 30
16% 0«t
Feb
3
No par
8% conv preferred A
Oppenheim Collins
163
-
11
111
Co
Omnibus Corp (The)
1,100
1137a
53
20
Jan
May
28% Feb 18
9
NOV
121
Oklahoma Gas & Elec 4% pfd—20
Oliver Corp
——
JVopar
4%% convertible preferred
100
:
5,000
27
90
11%
10%
114%
28
*87
>■
10%
114%
28
21%
7274
11
115
277a
*21
71%
11
*113
117a
400
277a
22
~
5,300
31% Oct
223
—2.50
-
100
19
28
*21
90
22
187a
106 r 106
10%
10%
115
,*159
-
*217a
<
1974
107,
CO
163
*87
22
187a
106
28
*159
,
*217a
-w
20
1077a
287a
2874
9-*
22
19%
"'10774
28%
•/"; *28
28%
11
116
*217a
207a
10874
,
11% Nov 22
No par
4.40% preferred
Ohio Oil Co—
'
20
1077a
117a
11%
*114
0
2874
22
*217a
107%
10774
-
.
20
20
207a
108
275
50
'
108
share
65
Ohio
100
22%
21% Oct
No par
Norwich Pharmacal Co
1,900
11074
*108
111
22
-
$ per
tper share
No per
Norwalk Tire & Rubber
1,200
17
t per share
share
Highest
Lowest
29
N Y Power & Light 3.90% pfd—100
N Y Shipbldg Corp part stk
1
Noblitt-Sparks Industries
5
Norfolk & Western Ry
100
Adjust 4% non-cum pfd
100
North American Co
10
North American Aviation
1
Northern Central Ry Co
50
Northern Pacific Ry
100
Northern States Power Co (Minn)
v.? Cum pfd $3.60 series
No par
Northwest Airlines Inc
10
Northwestern Telegraph
—50
,
102%
17
17%
10
"115%
33
224% 226
*1227, 124%
25%
257/a
20%
*9%
...10,-
10
33
33
124%
t per
?ar
-j.■':'.■•>*
Year 1945
Highest
$5 non-cum preferred
N Y & Harlem RR Co
f
270 *
2,600
300
860
30
14,600 '
11,100
10
21,300
170
11%
103% 103%
20%
*45
46
*17
P34'Mi
19%
20%
19%
20%
25 %
10%
116
19%
11%
12'/4
224% 225%
*1227,
26%
10%
*115%
103% 103%
*327,
223%
25%
10%
117
107J/2
11%
•122% 124%
26%
26
*115%
19%
20 r
*44%
•337a
125%
107
34
223
223%
11%
•115% 117
102% 103%
20%
*32%
34
223%
*122%
26%
10%
11
117
20%
*32%
33
33
223% 230%
125
■ 125
,
26%
II
*115%
12%
13%
*12%
13%
25%
Lowest
New York Dock
285
♦107
•.
100
200
22'/a
•60
Range Since January 1
NEW YORK STOCK
the Week
Nov. 22
Nov. 21
Range for Previous
Sales for
Friday
*22
*12%
^
STOCKS
Thursday
Wednesday
•
Monday, November 25, 1946
Nov 19
86% Oct 22
71
Sep 20
14
112
Oct
23% Dee
zr—
—
—
24%-Jan
Jan
Jan
Jan
3
14
18
11
22
2
7
17
29
5
r-~
--
——
106%
11%
107
13%
23%
155
_347s Dee
119.
18%
*118%
34%
36/s
168
32%
96
79%
Jan
Jan
Jan
23% Jan
74
Jan
58
Jan
-Nor
Deo
Dee
Nov
Deo
Deo
Nov
Dej
Dee
P
127a
12%
12%
12%
12%
13
127a
15
*14%
15
*14
15
147a
147a
14
14
*12%
13
*48
I
12%
•147a
517s
*48
52
*47
52
*47
52
*46
51
*45 7a
50
30
*29
30
r
*28 7a
30
*28
30
27
27
25
26
40%'
4074
4174
40%
41
407a
40%
*29
v
40%
60%
4074
'60%;
■
*30%
129%
*165%
169
6%
63/4
12%
167
*167
I
5%
19
63/4'
6%
13
44%
674'
20
■'■■■
447a
*105%
5=/8
*167 7a
170
•
105%
5%
5%
,.
'57,
65
637a
110 .•/.,
*10674
11%
12%
11%
*14%
157a
*14%
105%
*105 7a
-
■
107
5%
6%
437a
*105
5%
647a
-
Pan
-
3174 -3178
••57%
-
-
47s;$
39%
4'/e
'. 4
•
14
78%
'77.
,
%:./
45%
16%
17
;
1
"
r
8
*7%.
19%
19%
*3?3/4 •34%
*1113/4
/•-
.
'10674
110
4%
800
637a
*107
26 7e
26%
*50
77%'
;
52
51%
187a
18%
*1674
287a
27
267s
26%
22
22
207a
112
112
93
•
*110
'
*87
89 %
*30 7a
913/4
•
313/4
*106
31
108
m
*16
.'
297a
2,700
Parmelee
5,200
Patino
*77
78%
76
76
44
41
427a
40%
41
15%
14
15%
147,
14%
14,800
*7 7a
8%
7%
7%
77a
600
; v\*107r
88%
30 V
108 >
*106
0%
' / 0%
19%
187,
34%
197,
327a
115
21%
21%
4,700
257,
25%
25%
28,900
40
40
*39
40
400
50
*49
52
90
247a
-22
112"
197a
1974
*30
108
30%
103
9
2074
3074
Tuesday
Wednesday
Nov. 18
Nov. 19
Nov. 21
t per share
Sper share
14%
143/4
15
59%
61
38%
38%
•
*64 7a
*110Vi
*93
700
the Week
177a
*1053/4
*92
19
'
.
125
18
17
.
10%
206
*200
.
367a
36
8
110
110
*100
125
63
*62
65
63
*72
75
72%
16
15%
*196
14
•
.
k
217a
22 74
*207a
167a
15%
217a
13%
1374.
*42
footnotes
see
157a
14
*13
217a
203/4
*20 7a
22
157a
14
*100
•
25%
727a
15%
,-10%
.
1037a
100
857a
40
51%
52%
*16
31
*124
1%
97
97s
.
18
:
*90 /■
1774
17%
*16%
31
77a
1074.
125
60
97a
14
206
14%
15
15
15
13
13
.:• /
127a
•68
137s
*196
14%
*12
203/4
22
207k
203/4
207a Sep 24
25
Sep.24
Oct
38
27% Jan 24
47% Jeh 16
49% July 16
-
3
113
40%
36%
32
10974
43%
Apr 22
25 ;
Jan 11
Jan 17
Jun 19
Jun 17
Mar 18
12
14Ym Apr 13
1<W
2,900
Pitts
"400 /
'
35
conv
Pitts
Pitts Screw
2,000
125
60
•
180
72%
20
137a
700
206
3,000
13%
400
Plate
preferred
Coal
Glass
Co
—No par
B
100
A
100
572 7c 1st Ser conv pr pfd
100
Pittsburgh & West Va—.———100
Pitts Young & Ash pfd
100
Pittston Co
(The)
1
Plough Inc new
5
Pittsburgh Steel Co
7%
preferred class
5%
preferred class
20%
207s
207a
20%
800
Plymouth Oil Co
21%
*20s/a
217/a
300
Pond Creek Pocahontas new
15'A
127s
12%
12
12%
42
11%
41
41
40%
40%
*39%
12%
41
:
Poor
&
1,800
13,800
Pressed
400
4% %
•
1
34
July 10
122
May 16
197s Feb
5
30% May
25
20
47
22
19
20
11
Co
class
Steel
——5
1
No par
B
Car
Co
f
'
29% Feb
'if•
78% Dee
5% Dee
32% Jan
2/4 Jan
,.
jui«
•'
z:v
JJJ.
• •
;2t%J»n30
6% Mar
Oct
UKfi
72
Jan
59
gee
Utr
SftYeM
*18
zrr
---
49%
21% Jan
11% Aug
.
Dec
28
..19
111
*7% Jun
33% Dee
^
30% Dee
Jan
Nov
11J
w
.
20% Dec
24% Dee
.
33% i^g
J«%
37% Mar
69
96% Not
Jan
»«% » ▼
Jan
W% Jan
JiUy
19% Jan
92% Jan
-
21
63
,20
43% wot
38%
43% Jun
119% Nor
Jan
Apr
105%
8
Jan
M»r
loa
13
'
,«
Inc—
preferred ser A
1
50
19
Oct 10
2074 Sep 10
14V8Oct 10
11% Nov 22
40
Oct 10
9%
15% Not
Jan
19% Aug
36% Dec
25
Jan
4074 Deo
57
Jan
106%
71% Dec
115
Jan
Oct
•
217s Jan
29% NOT
25
Jan
2974 Not
117
Aug
122
Apr
19% Not
12% Aug
31% Mar
44% Dec
Sep 13
71
Jan 28
56%
Juiy
74
Sep
10
107%
Sep
113
Apr
Jun
106% Aug 27
14% Jan
34%
Deo
44%
Jan
69%
Dec
35
Dee
35V» Jan 15
25
Jan
37% Not
Bep
108% Feb
36
8
Jan
gg ! NOV 15
73 y* Jan H
41
21
Nov 12
13
Oct 30
12% Nov 20
17
Jan
Highest
t per share
tper share
102
112
27
10
20
27
200
6
9
1177a Jan 18
9
24
11% Oct) 30
20'A Nov
913/4 Nov
33% Sep
X105
Oct
102
Aug
203/4 Oct
85
Nov
49
Feb
11 Vs Nov
Feb
May
May 23
76% Jan 22
Jan 11
110
Feb
7
105
136
May
3
126
157/s Feb
8
118% Aug
87s Mar
85%
Jan
106
20%
Deo
106
Feb 16
8
2674 May
30
Feb
8
May 15
Mar 29
48% Jan 15
Sep
11% Deo
Dec
2374 Not
15% Jan
;
Jan
.
25% Dec
202
210
190
39%
Dec
Jan 30
6%
Jan
22% Feb 16
8%
Jan
14
Mat
20574 July
4474 Dec
12%
Dee
15% Dec
117%
Oct
141
Feb 27
96% Jun 14
.
99
92
May 28
18
68
Feb
21
Jan
Nov 12
198
Jun
198
Jun
Jan
22
Deo
34% Jan
200
31% Jun 14
22
;
12%
69% Jun
91
Jun
43% Jun
;V-.
29% Aug 12
25
49% Mar
1
July
o.
.
*20 7a
1574
1
100
100
No par
16
15
No par
_1
10
Co
& Bolt
16
x48
29% Sep 20
Co—No par
22
1574
Jan
---
--
o«*
14% Dee
Year 1945
80
2
5
19,
20
10272 Sep 2o
123
Oct
4
7% Sep 24
93
Sep 20
11% Nov 22
17
Sep 20
197
July 11
201
Oct 7
30
Sep 10
IV2 Nov 21
9% Oct 10
103
Oct 3
59
Nov 21
7272 Nov 20
100
Forgings Co
Pitts Ft Wayne & Chic Ry
7%
preferred
7,400
15
Chemical
Consolidation
4,700
61
&
Apr
Jan
Sep
Nov
Sep
24% Sep
2772 Feb
11672 Nov
13
3574
293A
6272
108'A
—25
Pittsburgh
$5
173/4
18
Coke
Pitts
111
Lowest
$ per share
t per share
No par
Inc.
153/a
133/a
•42
2707.
*——-5
*20%
153/a
123/4
43
-—No par
preferred
1,300
7%
7%
9%
10%
*58 7a
3
33/4% pfd series A
100
Philip Morris & Co." Ltd
5
4% preferred
100
3.60% seriqs preferred _—-.100
Phillips Jones Corp—
No par
5%
cum preferred—
100
$4
97
100
—1
Iron
Pitts C C & St Louis RR
—
34%
;
&
Corp
Plllsbury Mills
120
206
*100
72%
14
*196
400
-
—
*190
353/4
200
1057a
No par
com
Coal
Read
Phillips Petroleum
Phoenix Hosiery
5,000
,
20
*200
206
.
No par
com-
preferred
&
Philco
i
,r
257a
*104
59
127a
-
200
*23%
•'
31%
*100
?68
108
*84
1057a
206
*196
.
.103%
157a
13%
*14 7a
7%
13,700
Co
preference
4.4%
880
357a
Electric
Phila
.
16%
page
15 %
206
34
7%
75
:)*%
*200
10%
65
206
17%
,17%
*190
36%
7%
*62 7a
-,157a
*196
*92
206
10%
117a
*72
:■
16
4274
vM
9
97
*190
774
:
"9%
18
1874
31%
*104
94%
*107
*124
17
1874
353/4
8
1053/4
*92
1774
*200
117a
J.«%
For
83/4
97
187a
•
37
'
7%
11
*100
*23
.
1057a
"97a
*JS0
.
..*101,
*124
97a
977a
367a
1
11%
107
*124
206
34%
108%
205/a
3474
93
347s
33
"9%
18%
63
20
*31%
$1
1,700
2074'
*93 vS
17%
*17%
33
7,000
207s
No par
$6 preferred
Phila
10
18 a/fl
18
40
7,400
5,600
♦1077a
25%
-No par
(Chas) & Co Inc
—1
Phelps-Dodge Corp
25
Philadelphia Co 6% preferred—50
370
-
-.
207a
1037a
*31 y2
;
*283/4 «293%f »
53
•>:
56
106%, Oct
Dee
*39%-not
4% Mar
.
Dj«
20
^
Range for Previous
Pfizer
11%' > '12'/a
527a
317a
30% Jan 0
37%Aug8
115% July 15
17% Sep 20
12
;
106% Sep
';
5
5
9
2
Jun
Jun
Jan
Feb
Range Since January 1
Highest
Lowest
Pfeiffer Brewing Co
♦1157a T!17%
53%:
19
1,000
127a
52%
*200
4 206
42 74
217a
927a
12
22
21
30
287a Feb 25
110
Jan 12
STOCK
Par
25,500
1177a
53 y8
*93
65
13%
203/4
79%
57%
45%
16%
EXCHANGE
5,000
55
12
5274
75 //
2274
•1674
21%
26
857a
187a
*62 7a
*21.
127a
857a
367a
1474
116%
127a
85
*18
*72
r?
2974
*115%
116%
123/4
85
23%
*85
;
537a
*105% 108
125;
15
283/4
118
*23
89
"
*14%
2974
26%
887a
257a
7*
'4 *124
i ' *9'/a
*200 f, 206:
*198
2974
•1478v-
637a
11074
233/4
*247a
*190
*100
267c
*101
19;
8
267a
1037a
19
8 4
267s
-
*64"?
11074 110%'/
637a
*101
35
1037a
31
*190
11%
110%
26%
,
933/4
977a
*13
913/4
1107a
627a
11074
357a
107%
*18
*94
,
64%
34%
53
10
367a.
627a
111
64% Sep
40'/a Nov
14
Nov
67«Oct
-
Shares
363/8
9374
*85
108
18%
54
387a
107%
4
;
*17%
14
553/4
367a
•101.
•*9 7a
/:
1474
Z
147a
55
383A
353/4
31%
*105%
*124
367s.
14%
577s
3774
•
1087a
20
31%
93
14%
563/4
■
22 /a Jun 17
24% Jan 29
STOCKS
NEW YORK
Sales for
$ per share:.
*10778
537b
*18
12%
217s
,
35%
93
537a
*116%
1374
22
92
26%
*89
9Q
118
t per share
*107"% 110
103%
*24%
267a
1274
147a
Friday
29
*11078
21%
*1077b 110
*101
65
29%
♦1167a
94%,
367a
367a
.
647a
26%
*29
*1167a 118
*13
137a
22%
227a
.
39 /
'^%-May 21
35% Aug 13
175
Jun
10
Ag;
32% D
•
•
tper share
57%
38 7a
1117s
26
2974
567s
65
♦1107a
267a
*29
583/4
65
*14%
3974
387s
111%
*26
143/4
X58
65
$ per share
9
26
—
-
1,800
Nov. 2Z
Thursday
Nov. 20
Oct
12
Oct 10
11% Nov 22
-
"
Monday
Nov. 16
3
5
43
Jan
2
100
89% Nov 20 "
100
14
Oct 10
33%c
21% Sep 19<
—100
16
Oct 10
-100
100
Oct
9
100 >/ 75
Oct-11
Pet Milk Co—
No par '
2874 Sep 18
47»% 2nd preferred —
100
105% Sep
3
Petroleum Corp of America——5
8% Oct 10
108
9
-7.
&
Power
LOW AND HIGH SALE PRICES
Saturday.
■
Nov 21
Peoples Drug Stores Inc—
Peoples G L & Coke (Chic)
Peoria & Eastern Ry CoPepsi-Cola Co
Pere Marquette Ry Co
5% prior preferred
5% preferred
100
9
Co—
—10
—
300
"106
97a
Cement
-
No par
1
Light Co '--No par
•Pennsylvania RR
50
Pennsylvania Salt Mfg Co
10
32,600
1,300
87
Corp
-
Penn
100
108
«
*84
31%
*106
:
t
—
Sand Corp—No par
preferred—
100
5%
1,300
2574
Co
Airlines
Glass
Penn
'•
1874
2474
85
80%
90
*16%
207a
110
85
108
90.,,..
,
25%j
"106
8874
.9%
90
18%'
*17%
No par
C)
Penn-Dixie
500
21
25%
(J
Coal & Coke Corp
Penn
^,^^0
49%
91
>
Penney
200
,
22%
25
Co—
5% Jan
39% July 11
82
Apr 30
7% Jan 29
35% Jan
--
149% D«e
29%^Apr
111
Apr 30
14 % Jan 10
3723epl9
Transportation—No par
& Enterprises
5
Penn-Central
2,100
f
33
*111%
115
41
.
13% Jan
90% Apr 25
HO
May 1
52
,
Mines
Penick Si Ford
600
6,500
52
*86
;*30% :/31
18%
*33
■
2274
897a
M
778
No par
2.50
---
86%..Apr 22
.
«
x60% oet
Jan
—
A Mar
16% Jan
27% Oct 10
Mines—1
48
121% Jan
160% Jan
56
Sep 10
10572 Oct 24
1
—
Now
12% Feb 6
27
Jan 10
20 A Apr 9
Oct 10
-1
>%ov
11% Feb 26
34% Apr 22
Oct 10
Nov 22
Oct 10
Jan
3
Nov 21
m Deo
4S
8JM1 Jan
,
160% Jun 13
1817a July 17
'
78
* 16 %
25%
*20,
w ■
677a Jun 14
48
Apr 24
5
100
Inc
Inc
Proof
12%
127a
25%
24
28
30
17
30
21
105
No par
-
Consolidated
Parker Rust
600
12%
197,
5%
11%
13
"37%
42
Mar 18
47% Jun 17
U
^
& Co
117a
•34%
.
£5
48
10
100
&~Ref_
Tilford
13
115
Transp—
Inc
Davis
137,
19
&
preferred
Utah
Parke
13
y>sr 41,
91
112 "
*9%
&
Park
12%
*50
21
*106,
9%
Park
3,500
137a
22%-.
2574
26%.; m
*86
31
*9%
7»
.
-
%j 20 %
*100
.
108
♦106
59%
,
21
1117a
89
.;
*B6
41
90
.
900
8,100
•
474
39%
X297a
29%.
Cos
conv
13%
*33 '
'
507a
\, 25%
527a
4
39
4%
i3I/2
*111%
<
41
207a
♦917s
1
•
34%
507a
51%
91%
207a
•"
•
227s; 227a
25%
2574
t
2674.
423/4.
25%
*41%
<.
/•
X29%
-
15%
874
*33
31
No par,
Airways
Paramount Pictures
42,000
427a
<■
19%
*111% 115
5274
-
4%
397a
*77
*7%
22%
..
16
19 74
343/4."
55
4 7e
3974
31'
13
44%
157a
.
52
474
407,
*30
.
79
437a
i
115.
227a
*41% 142%.
7a'
Corp
preferred
Paraffine
110
307,
30%
4
13%
167a
■■29%
56
40
13%
-
22%
30
3174
*55'/a
4%
13%
45
*111%
f 30%
'40
13%
77
.
%
*32%
■
115
*22 3/«
44
307a
•■'7% 5 7%
40%
1974
-
4
4 ./:■
397a
13%
~
467s
v
:
5
IP--
'■
1474
13%
79
*44%
56 '
40
*13%
*
31%
30 9/8 / 31
C:
>•
14
14
3074
56
"
474.
,
393/8
31
133/4
,
,
57 I
397a
31
313/4
57
317s
573/a
American
Panhandle Prod
8,000
Sep
Oct
Oct
Oct
5
Oct
187* Nov
22% Dee
25% July 11
'
637a
'
•:
Oil
Corp—2%
5
Panhandle East Pipe Line.:—JVo par
50
5%
Western
Pan-Amer Petrol
~
4,300
106
5
—
547a
287a
122%
168
100
100
--1
10
Packard Motor Car
35,700
46,800
12.
Teleg
Si
preferred —Pacific Tin Consol'd Corp
Pacific
36% Oct
No par
13% Jan
19% Jan 22
.
fc>ep 27
Nov 22
25
Nonpar
6%
2,700
1,200
157a
42%
107
5
110
6
44%
*62
•
647a
*1067,
433/4
*105
57«
*63-*
Telep
20
5%
14%
5%
Mills
170
50
25
Lighting Corp
Pacific
1874
127a
bv/65- — 65'
*10674 110
Pacific
Pacific
5%
1274
45%
Electric
&
140
1874
*14^
45
Pacific Gas
8,900
900
5%
127a
ifl1/? f>et 10
14
Nov 14
5
10
1,400
1874
6%
447a
130
5%
674
Inc
Co
preferred non-cum
No par
2nd preferred non-cum—No par
30
*167 7a
674
Coast
1st
1874
6
Pacific
59
*29 7a
127
157a
44%
1053/4 1053/4
•
5%
19
18%
:-
67a
*14
4474
'
5%
1974
1274
157a
/
44
1053/4
/5%
65
*62.
*106% 108
1677a
140
127
57%
30
129
1677a
674
12% i.fl2%
*14
/.,■
6C7a
30
*127
6
iii
*59
Vx
30%
1297a
169
::'6
61
30
129
19
Us %
*14
i
129
167
6%
60
*128
307a
129
•
6%
20%
407a
6174
3074
*127
*19%
.
31
30%
40%
6174
61%
*61%
31%
*127%
;
4074
127a
17% Jan
27% Dec
247a
Jan
33% Dec
7
Feb 16
1274
Jan
25% Dec
18
16%
Jan
26%
Oct 15
2774 Feb
30
63% Feb
Dee
THE COMMERCIAL, & FINANCIAL CHRONICLE
Number 4545
tVoliime 164
2703
NEW YORK STOCK RECORD
LOW AND HIGH SALE PRICES
I per share
•
-
59%
'34%
34'A
583/4
59
p..34
20%
20
20%
106%
114%
114%
114%
121
120
121f
120
•113
113%
501/2
50
50%
50%
21%
*109 -
22y4
2l3/4
•
34
22V4
110 j.
24
*23
9% ,*10.
83%
J
•105
9%
82%
16%
*105
34%
*20
20%
20
20
40%
18%
14%
15%
.
15%
.
15
83
"38%
39y«
*101 %
.233/4
18%
18%
39
16
16
*16
18
110
,
137/a5
*92 r
13%
98
26%
—
27
14%
14%
'37%
:37
,101% 101%
'
-
1
15
u
3%%
Manhattan
9
9%
8
8
7%
9%
8%
--
73/4
7%
73/4
14
8%
26%
26%
257/a
263/4
25%
•111%
111%
♦111%
20%
211/4
Z20%
21 %
20 %
104%
104%
♦104%
V
14
1
7%
7'/4 ..,,7%
'■'111% 111%
26%
•110% 112
14
8%
9%
9
8
14
14%
26%
9%
73/4
14
14
-
preferred
'25
20V*
111%'-
25%
/£
21%
*103%
f
22
105
♦103%
32%
*
32%
114%
32
211/4
25
25%
♦111% 111%
*111%: 111%
Remington-Rand,.—^—Preferred
106
•103%
32%
*
a
32%
31%
-
*
115 :'v., 1153/4
*114% 115
114%
106
•14%'
14%
14'
14%
39%
39%
383/4
39%
14'/
39%
32
•
•114%
133/s
383/4
-
31%
-•30
:.
13%
39
39%
•
*
t
with
-
'
12%
3sy4
1
50
.103
:
103
•14%
29
7%
*19'/a
19%
19%
•50%
51
*25
25%
19 Vs
49
20%
Xl3%
50
-
19%
'20
14%
13%
•
28
28
*48
27
14
73/a
19%
17%
18%
17%
49%
49>/a
50« '
50
24%
24%
237/a
24%
'
253/4
7%
-u
-
13%
<
V-
26
7
17%
49 "
*25%
193/4
*25
73/a
*
-
101
133/a
;
27
7
50 -
:
:
19%
"!
7%
:
-
17%
50
*237/a
25
:
'
$ per share
1 per share
Wednesday
Thursday
Nov. 20
Nov. 21
I per share
30
1,200
2,900
3,600
&
Richfield
'
200
Mfg
.
55
54%
24
24
23%
237/a
112%
112%
*112%
10%
10%
103/4
59%
61%
60
*102%
103
♦101%
101%
23 y4
112
Col—.JVo
453/4
101%
101
101
101%
112%
10
10 %
57
54%
59
46%
102 '/a
101
101
*100%
1003/4
1,200
Corp
No par
47
'
'
'
'
.
*iooy4 TOO %
20%
19/8
20%
18%
19%
18
18%
17%
18%
48%
49
463/4
48
47
473/a
47
47
46%
463/4
23%
23
23
23%
24
23%
241/4
23%
24%
7%
6%
6%
6 »/4
37%
38%
11%
11%
37 y8
36%
37%
35%
36%
36
40,800
113/4
11%
11%
10%
11
10%
11
6,800
Seeger Refrigerator Co
14%
14%
l43/4
13%
13%
13%
13%
1,800
Seiberling
143/4
14%
107
14%
107
141/8
xi3y2
133/4
5,800
Servel
I
13%
106
106%
106
18%
19%
19
19%
193/8
20%
20%
20%
20%
21%
30%
29%
30%
29
29%/'
28%
30
23%
283/4
29
293/4
29
29%
29
293/4
29%
29%
19%
9
51
50
50
15%
is
15
15%
65%
16%
*22%
23 %
65
65
16%
V
•22%
23%
u
•53
54
*16
63%
35
■:£
•31
*
32
-4%
32
33%
35
50
483/4
48 3/4
49%
15/8
63%
163/8
'64%/
63%
63%
16%>'4
16
16%
16
*22%
23 y4
*22y4
23% h;
*22 %
23'A
•22'A
52%
*48
51%
*
36%
/
*100%
102
32
30j/4
*
14%
X
36%
14%
43/4
4%
*30
X 4% "
7%
7%
73/4
*52%
53%
*52%
40%
41%
383/4
393/8
37%
38 y4
53
53
53%.
*53
53%.
175
*170
175
.32%
32%
26%
26%
26%
45
45 %
443/4
41%
32%
32%
39%
t" /
?;
r)
40%
S
*67%
69
0
*76
81
.■
19%
19%
6%
6%
123/4.^12%
■
40
20%'
.,
20%
16%
20
15%
16%
16
40
20%
15
20%
15%
*90%
90%
90%
91
90%
90%
*1534
15%
423%
*42
15%
423/4
110% 111%
.
*110
111%
♦42
:
■
15%
'
15%
16%
41%
42
111
*110
38%
'
38%
38%
383/4
37%
38%
30
30%
28%
29%
85%
28%
*85%
29%
853/4
/*85%;
87
93
54%
/
93
.
54%
/. For footnotes
*91%
52%
see
26%
26%
43%
42%
43%
163/4
5%
79
••:.
5%
•
11%
■
*96
40 3%
40%
193/4
201/8
19%:- 20
40%-
17
53/4
4,200
3,600
11%
100%
88
15%
400
15
14 y8
89
87%
42
15%: 15%:
16'A
15%
"
42
41%
37%
;•>) 28
111
38
2*7%
S2%
87%
85%
91%
89
91
53%
"26%
-
89
•
COS/.
15%
39%
•110
40
18,700
.
111
preferred
preferred
California
Edison
Southern Natural Gas
5%
non-cum
Mobile
&
Ohio
37%
27%
81%
28%
81V*
89%
87%
87%
2,000
C0 3/_
R<)
K1V.
14 nun
4,300
37,300
700
100
61
stk tr
100
Spalding (A G) & Bros Inc
Sparks Withington
Spear & Co
$5.50
preferred
Spencer Kellogg & Sons
Sperry Corp (The)
Spiegel Inc
Conv $4.50 preferred
1
No par
No par
1
2
No par
5
1
No par
Standard
$6
Brands, Inc.--—No par
pref—No par
preferred
No par
prior preferred
No par
$7
prior
-Rtandftrd
oil
of
Calif
Novar
*
18% Not
131
Dec
12% Dec
29% Not
Oct
Dec
J
T—/
.Highest
■
37
t per share
Jan
56
19% July
28
110% July
8% Mar
28
Aug 14
July 11
110% Jun
Year 1945
S per share
Mar 30
Jan
Range for Previous
Lowest
x42%
Not
>
Oct
115% Mar
14 Y$
Dec
Feb
61% Not
Nov
65% Oct
22"% Aug
30% Not
28
102% Nov
7
29.
37% Jan, 16
77% Feb
8
39% Apr
18
17% Feb
8
7
22% July 11
24% Jan 17
113% May
37
Oct
40
17% Mar
16%
91% May 18
Not
24% Oct
114
Jun
7% Sep
32% Apr 18
40% Feb 16
39% May 11
Dec
14% Dec
107% Oct
8
Deo
71%
Mar
35%
49% Apr
9
23% May 11
21% Deo
Jan
28
12% Mar
74. May
17% July
Dec
25% Nor
7»y4 Not
1
35% Oct 30
20% Oct 10
70
Oct 10
78
Oct 10
42% Feb 26
*
;
;,
22% Not
70% Not
36% Deo
"i%Mar
'
6
3
32% Jan
46%
May 31
20% Jan 11
30% Feb
14% Aug
41V* Jan
21%
Dec
65%
Deo
15
22% Dec
24% Apr 17
Aug
22% Jun
Jan 15
48% Jan
•6
29% July
13% Jan
40%
Oct
15%
Deo
85% Jun
7
27% Feb Id
Oct 10
Oct 11
:
24
Jan
July
Aug
14% Feb
61
Sep 23
3
13%
56"% Jun
Nov 21
16% Nov 22
5% Oct 10
11% Nov 22
92
Sep
4
37
Sep
9
19% Nov 22
14'/8 Nov 22
84% Sep 17
15% Sep 10
33% Feb 21
107 % Oct 2
No par
Standard G & E Co $4
3.
91
55% May 27
July 11
48
May 15.
18% Jun
3
r'
12% Dec
Dec
44% Not
-
24% Jun
Deo
108
8% May 11
:/
NOV
59% Feb
1
7% Deo
21
5
/ 4% Aug
4
52% Nov
60 y8 Feb
9
193
May
8
39% July
3
33% May 27
70
Jun 27
65
Jun 17
20% Aug
36%
40% Apr
155
t
60%
26% Jan17 '• Jani*
38% Jan,
32% Janf
,
64%
Jan.*. **;"
15
80%
Jan
30% Apr 23
11%
Jan:
39% Apr 10
109 % Apr
10
37
Not
24%
18
40% Jan 30
Dec
Not
'
.
Deo
62
Feb
13% Jan 29
27
May 13
104
July 16
51
May 24
Deo
180
Apr
90% Jun
96
Not
60%
87%
Deo
Dec
Deo
93
21%
Dec
Janr.
12%
20
Dec
80
Feb
95
32
Mar
"r
6% Mar:
7%
27%
12% Mar
Jan
39
Deo
Dec
Sep
44% Not
Jan
76%
39
1
Deo
23% Deo
99% Not
24% Apr 25
55
116
May 10
Mar
9
55
May 13
60% May 28
5
149% Apr
6
59% Aug 13
135% Apr
107% July
28
Jen
2% Jen
67y4 Jen
78% Jen
38% Jen
;
f
40%
116
:
»
Dec
48
•; *
73
1
:. 26%
; 34
*69
38% Oct 10
33
Sep 23
64% Oct 30
ctfs——100
Dec
Sep
3
22% Jan
7.50
No par
106
Mar
!
|
May 8
34% May 29
18
Oct
>46% Not
i, '
64
116
Deo
40
21
^
;•
Dec
23%
33
43% Jun
7% Nov 18
No par
preferred
;
26% Apr 29
87
May 16
52% Nov 21
30 % Mar 2
48% Sep 24
171
Oct
5
30
Sep 10
25
Co
Co
$4 preferred
3
9.
4
117%
Jan
16% Jan
6% Aug "
19% Apr
May 29
«t 4.
Dec
?
Not
10%" Jan
<
Oct
110
;V 3?
.
09% Sep
•16% Mar /
5
Dec
Jan
•
14%
$ per share
26
7.50
Square D Co
1,100 S; Squibb (E R) & Sons common
120
Wt
Nov 22
42
No par
100.
Dee
Not
24%
31% Jan J
37% Mar <
10
34% Jan
24
30
21
22
22
22
50
South Porto Rico Sugar
98
33%
115
Jan /
15% Jan
6
Jun
65
:
35% Nov 21
100% Nov 21
29 % Sep 20
13% Oct 30
4% Sep
9
1
i.
3,500
35%
37%
28%
•:'C82 A//'84
85%
903/4
42
111
900
800
14%
110% 111
10
11,100
89
5%
-87%
16
30% Jun
.
.4
28
21
•
—10
—
Railway
19%
14%
153/«
20
Dec
Dee
i;; v jlt%
Jan
Jan
38
10
33
Southeastern Greyhound Lines—*
Pacific
40 y3
90 3/a
Iron
South Carolina E & G Co
Southern
19%,
15
Deo
102% An«
Jan
50% July.31 :
-1083AFeb 25
7
Oct
36%
-
'•29
Jan
11%
46"% Jun
38% Jan
8
15
Oct 10
54
Jan 28
14
Sep 19
Typewriter.No par
Oil Co Inc
15
Southern
40%
89%
&
& Platinum
Southern
1,600
/
'
40 3%
:
53%
27^,
:/6
1003/4
*95
65%
16%
12 m 12
12%
100%
38
65
79
81*.
17;
k
6%
*95
37%
65".:..; 65f.v
*76
17%
*12*
;■
39%
363/4
'.
Corona
Vacuum
1,100
17,200
26%
42%
81
&
10,400
26%
65
Corp
19 y4
102%
/ 28% Feb 16
5% Oct 10
5
cum
South Am Gold
8%
26%
443/8
40%
653/4
.39%
z
Smith
Socony
.
136
.
8% Nov 22
15
Steel
16
27% Feb
No par
2,400
26%
92%
page
175
33
54
.
*170
323/4
433/4
123/4
1003/4
Vr»40% 42
t>3/95
1,400
51
33%
17
953/4
1,500
50%
•
Corp
7% JHie
77
Jan
2
17% Sep 19
64
Sep 20
& Sons Carpet Co—20
preferred
100 /
(A)
3%%
11,100
33%
18
17%*
,375
Oil
Smith.
100
7%
33%
*77
^
*170
Deo
21%
22% Jan
00% Jan
*
u.—No par
No par
& Steel
Saw
Smith* (A O)
40,400
5,800
53%
7% J
Oct
12% Oct
1
King Coalition Mines
Sloss-Sheffield
1,300
2,500
36 w 37
33
6%
•95
4P/4
20%
53
175
81
"
*39%
;r
73/4
38%. 381/4
51%
52
America
Skelly Oil Co
400
/
4%
*52 %
52%
x7%
67
19
123/4
100%
*96
52%
8
•170
6%
13
*12%
19
14
4%
1*3
Apr 20
,
24
106
15
of
Corp
Sinclair
,10
31
133/4
4%
.52%
j,t
Pec*76
♦30%
14%
4%
39
81
&
30.
13%
53%
67%/ Deo1 65%
♦76
-
175
30
383/4
32% -33
26%'^jSfd'* 26% 26%
453/a: tlh 44
443/4
40%
Hoy 39%
40
67%
.
*53
*170
51%'
31
Jun
10% Jan
45% Jan 15 !
9
Sep
Sep
Oct
6% Nov
35% Nov
10% Nov
13% Nov
No par
Pen Co
Oil
81.20 preferred—--—No par
102
43/4
4%
8%
53%
*98
Oct
No par
(W A)
Union
Simonds
23'A
14%
<
14%
7%
,16%
40% Feb
17% Oct 10
Simmons Co
2,400
353/4 |36%
36
100%
100%
101
;
51
50
353/4
36%
*1007/#
30%
14%'--
-
4%
*50%"
'
52
37 y4
36%
v
4
Dec
137
69% July
17
Jan
31% May 28
110% Jan
3 /
23% Oct 10
23
Jan
4
Silver
2,900
62%'j63%
16%
*52%
*170
,15
64%
8%
,
151/a
64%
53%
8
"15
i
16%
♦52%
;
15%
15
46%
28% Dee
Oct
;
118
4
—1
Steel
Sheraton
22,700
1,400
1,700
'5-
Jun
17% Feb 25
%
Sep
No par
No par
No par
Shell
500
6%
is y8
102
14%
-
4%
6%
33%
50%
15
53
36%
,
14%
14%'
63/4
33
•€%
•
Not
29% Mar
60% Dec
21% Feb 21X
Nov 22
Sheaffer
4,200
3,600
:
34%^
--rtso-'i 4"|
25
38%
36% Jan
24% Apr.., 8^
.
11
Corp
Dohme
$3.50 conv pref ser A
Shattuck (Frank G)
2,200
*« 50%
*:7*W
6%
Oct
Dec
43% Dec
:
11% Jan
y
,
r
23
No.par
Sharpe •*&
6,900
—-
29%
8%
J 6%
*10O7/a
*
:
70
sy4
8%
8%
;19%
29
65%
51%
36%.
36%
-*100% 102
101 %
100%
17%
42
1
common
preferred
Sharon
4,600
33% 5
7
343/8
*47
n
19%
29'/8
28%
/.
0^9Wy
9
33%
35
36%
*48%
42
No par
Co
Shamrock Oil & Gas——
18,800
•
Inc
$4.50
83
*64
70
*64
29%^29%JT
29%
9
6%
67/a
6%
29%
♦78'/a
(
193/4
•19%
69#. i i
*64
70
83
<*78
18%:?20l8%
18%
*64
30%
9%
29% "29%
*78 ■'•^•83''>
83
18%
70
30%
9%
•78
19%
19%
*64
30
6%
83
*78
70
*35
r
"
83
9%
;
150
Co—
&
Rubber
\jf /,a^.
110% Sep 11
9% Nov 22
53
Nov 22
;
5
Roebuck
v
13% Feb
22
1
*106
/ :
>
Mart;
102%
20% May 28
44
Apr 29
4 45
5
14%
107 %
Z
'
50% Jun -3-.
' ,**
No par
Seagrave Corp
Sears
*
21% Oct 10
100
of Del
Co
11%
30
29%
Oil
36%
30%
19
.
No par
preferred series A
143/4
29%
19%
Corp
113/4
143/8
111
~
May 18
6% Oct 10
17
Oct 30
40% Sep 10
;
100
5
377/a
30%
*64
5%
Seaboard
500
%r
29
♦78
Arms
101
12% Oct 10
25
Oct
9
.
5 4
11%
*107
Jan
Dee
16% Oct 15
-'19% Nov. 22
10
-
37%
14%
00%
Mac,:
43
"125ya Jan 17/
Feb 18
.
'
!t
f per share
*14%
108%
Not
18% Dao
19% Jan
9
■
6%
35%
14%
•'
34%
4
Range Since January 1
Low«st
Highest
*6%
108%
July
Aug
•
16
31
Apr 17
112% Febh: 4
.Nov 22
-
63/4
14%
19
-
63/4
108%
14%
*107
33
•j-
53% Jun 20
v
Seaboard Air Line vtc_
2,700
15
6
Apr'9
105% Apr
3
9r-34y« July 19
-43
Schenley Distillers Corp
1.75
Scott
Paper Co
No par
$3.40 cum pfd
No par
Scovill Mfg Co. 3.65% cum pfd_100
1,800
23
*6%
-
Savage
10,800
20%
52
6
35
19%
103
'
May 14
39
1
Safeway Stores
5% preferred
150
24%
6%
Jan
7% Mar
14
101
Par
St Joseph Lead
140
21
*14%
"A ;
'
//S
y
105Va Sep
3
~.—t
r
1,100
102%
*23%
63/4
49% Feb
12% Nov 22
:36% Sep 11
—
Ruppert, Jacob
6,200
32,600
*50
20%
____1
Antelope Copper Mines—
Royal Typewriter
—.....—i—il
4Ruberoid Co (The)
No par
190
r
54%
47%
1021/8
>
Roan
3,400
8,900
10
53
453/4
102 J/8
453/4
.
EXCHANGE
22%
103
♦102 y8
par
.Ritter-Company .——.No par
Shares
113
9%
112% Not
B2% Doo
-
11
,23
247/B Oct 10
107% 0)pt
18
Sep 19
97
Sep 25
-24% Sep .11
NEW YORK STOCK
55
22
112
10%
57%
102
22%
*112
23%
45%
453/4
102
223/8.
54 %
112% Feb
7y8 Nov 22
i.100
Sales for
8 per share
55%
Jan 23
46 Va Jan
May
j.
Jan
10% Jan
78% Jan /
19
>13%Oct 10:
No par
the Week
Nov. 22
543/4
112
10%
593/4
58%
453/4
22%
112
10 3/8
103
55%
X55
ii2y4
10%
60%
453/4
57%
*44%
•102 J/2
55%
223/4
113 %
*10%
55%
Deo
96Vb Mar 19
7% Nov 22
.
.
—No par
Co_________
Oil
Oct.
,
ser
Brass
S
55%
55
24%
118
11% Jan
28% Apr 24
30
Oct
20
"
^10
-
Oct
100
<
j'
^
l(i'
preferred—
conv
•Rheem
700
.Friday
t per share
t per share
Oct
Jan
23%
•
32% Mar 13
:
_50c
STOCKS
Nov. 19
Nov. 18
83
•
4,700
1,700
i7y8
50 1
Tuesday
Monday
65%
17
106
'
.
Xl48% Not
Oct
Jan
25% Auf 13
Nov 22
Sep
6
'
Deo
47 y4
4
33% Feb
115%
112%
v
28% May 28
115% Jun 13
19
27% Not
.'
27% May 11
Reynolds (R J) Tob'class B
_10
Ctommon——£—_j. 16
Preferred 3.60% series -——100
V
Nov. 16
15
38% Feb
Jan
^
121% Jan
15
69% Jan
X':.14% Nov 22
Reynoldr Sprtng- ———fc..—iju.-l-
V
LOW AND HIGH SALE F&ICES
Saturday
Not
17
;,45%Apr 22
5V*% pretetred —l.£i£ii.£LlOO
5%%
1,700
7,200
•v
Coper
Reynolds Metals
180'
13%
.
101
101%
101%
73/8
19
25 y8
20 /
28%
7%
-48%
48
25%
-
102
141/a
14%
•48
50-
101%
20 »/4
♦28
73/a
•48
49%
102%
19%
29 y8
73/8
-
102%
?
141/2
*28
.7%
;
20%".
14%
14%
♦28
103%
20
20%
20 r".
49
50
♦49%
50
103
//
40
*
'
•
6^:Convpridp'pfd;
Revere
4,700
38%
■
138
117% Feb
76y2Sep: 20.
25
t
Republic Steel Corp__
9,900 i
•
110
110
39
Jan
Jan
?/26% Nov: 22
—1
$1. conv preferred—
100 < 'ty
:
30%
13%
-38%
Deo
110
13% Nov 22
.
1
—
warrants
Inc—
Republic Pictures—
v>
31,000
••
107
28%
114 >/4
13 y8
*•
*104%
31%
112/
115
/ 131/2
■
107
99
..Republio Aviation Corp—1
10,600
1,200:
21
/
20
21%
16
—_50o
Reo Motors,
11,000
•
'
21%
50
& Co
2,400
14:
*
126
'
40
Sep io
36 Vu Oct
9
'
5,
4,600
1,000 *
7'%
14
Jan
,
•
8%
7'/8
14;
14
Feb
106%
11
163/4 Sep
50
^
9%
1
:
17%Sep. 19
32%Nov-15
-
1st pfd
100
Corp
No par
Reliance Manufacturing Co__No par
Conv pfd 3%^
series
*.100
'
102%
2
139 % May 10
150
Jan 17
Nov 22-
333/4 Sep
•
A
,
'
(Robt)
10
& 103% Oct 10
,*,25.
66% Not
10
;
77
Sep 24
15y8Oct 10
No par
—
Mar
.
307/a Jun
19% Feb 20
100
pfd
58
1
120
Sep 20
.i9
July
r
2
1
$ per share
115% Jan
.
26
Oct
30
Reliable Stores
r
•14
107
4%' non-cnnr 1st preferred>-.w.50
Reis
3,500'
>;
24
223/4
,23%
19% Feb
-*100-
Reeves Bros* Inc..
:
20
«-l,90O
79
36/4
36%
•101% 104
,,
23
'
28%
*75 %
■
No par
Co
4% non-cum 2nd
.Real Silk Hosiery
9,300
V
98
26%
79
38%
400
.
112% July 25
47% Sep 10
No par
Raybestos
Rayonier Inc 4
$2 preferred
Reading Company
•
9
20
Highest
$ per share
67 i May 14
105% May 22
10
119% Jun
'/? Preferred
13%
*89
15
*75%
z:-;,
Sep
Lowest
71% Apr 27
41
Sep 25
1143A Aug
—
♦106% 110
14
17% Oct 10
103
100
Purina
9 \
108-
•
700
2,700
,500' .'
,100
*45
10;
10
No par
No par
preferred
Bakeries Corp
Ralston
7,300
#
Oct
Sep
;100
Radio-Keith-Orpheum
800
::
Nov 21
99
31i
i
Radio Corp of Amer__
No par
$3.50 conv 1st preferred—No par
:
'
39
*106
•101% 103
23
23%
103 f-
23%
24%
"
17%
34
:*39%
15
38
38%
38
*101%
103
23%
24%
1,300
35
173/8
*33
19%
80
15
*75%
80"
34 %
34
41
27%
27%
34
18%
40
14%
98
*91
.
273/4
151/a
•77%
*77%
•39%
39%
•101V4 103
97 <:
27%
'
14
14%
*90
96
28
30
41
110
*106
105%
*38
17% -17%
18%
110
105%
107
32
Quaker state Oil Ref Corp_„__10
24,900
19
44
*38
28'
'83
•23
•42-
•106
15%
f
-
'
Year 1945
Highest
<;
4
$ per share
Oct
5
No par ~
20 r
conv
Purity
< • ■■
53
Colorado
preferred
•>:
35,900
82
15%
*33
«.>;
40%
14s/a
14%
15%
15%
♦78
20
46
94
...
19%
♦38
18
14%
19%
19%
•--*
110
104
34%
9%
9
82
of
Pullman
300
9%
17%
18%
34
♦42
*17
"27%
18%
34
44
*105
18%
183/4
23%
Co
Pub Ser El & Gas pfd $5
Inc
£
Pure Oil (The)
t
1,100
23%
Inc___
preferred—^
Lowest
i-
tper share
/
No par
Industries
cum
Par
preferred
8%
,
100
32
1
—
13,500
' 110
,
313/4
34
34
333/4
.35
>
40%
44
*38
110
r
•
*109
;
153/4
*105
34
19
34%'
44
,
21
Range Since January 1
;;i."
»
Service
1%
8,600
823/4
...
15%
107
*105
20%
24
*82
18%
183/4
40%
107
35
351/4,;
19%
14%
:
120
v
-
of N" J com__No par
i\- $5 preferred__-__
No par
6% preferred
-.-100
i
260
/
51%
9%,
/
83
15%
33%
♦38
9%
9%
•
!
1123/4
51
32%
24
82%
91/2
1123/4
$4.75
Public
'510
400
127% 128
,
Range for Previous
>j<
Pub Serv Corp
900
/
213/a
32%
«
24
24
16%
18%
*41
24
153/4
♦32%
27%
Z
..
.
18,500
120%
*
•
Publicker
4,000
107
113
51%
410
•109
32%
32%
821/4
V
107
V*35
,36
109
109
33%
•23
9%.
15%
107
•96
106%
120
128%
50%
.
X20%
i6y8
*82
16%
•17%
•:
■
/
STOCK
Procter & Gamble
100^
/
«
20%
113
113
'
113%
i
83 y2
93/4
/,
*82 */
*1134
110
33%
34
34
24
•105
107
113%
128%
22
•109
110
•35
20 y8
120
113
523/4
213/4
•105
107
113%
128
128
113%
22 V4
16
128
"
129
129%
50
22
'
203/4
tr
7,400
100%
33%^33y«
;
120
120
120
113%
50%
•23
* 120*
1273/4
114
50y2
33%
20%
20%
107
107%
113% 114
H43/4
*100
35
,■
3,200
-•t
YORK
EXCHANGE''
Shares
! .57%
58
'-'.32- /• 33%
101
33%
NEW
"
,.'127% 128
•109
32
*100
35
20%
107
106
106%
114%
121
;
33%
100%
35
35 y4
113%
♦113%
32%
35%
8 pet share '
587/8
/33i/4
58
•
Sales for
the Week
Nov. 28
j/
t per share
59%
100%
35
20%
20%
21
•106 y4 107
59y4
•100 % 101
4
34%
■
'
;
59%
34
34%
♦100% 101
•100% 101
35 ;T'.v35
■ '
1
Friday
Nov. 21
$ pet share-
•
/
STOCKS
Thursday
;v~.
■tp Nov. 2®^
I per share
58%
# per share
58%
••NovtW-w/
Nov. 18>
•'
Not. 16-
Wednesday
Tuesday
Monday
Saturday
'
Deo
Doo
49% Dec
33% Not
Dec
121
134% Deo
49% Dec
j
'
t
.
,
;
THE
Monday, November 25,.1946
COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK RECORD
'
Not. 16
f
t per
;
Monday
Nov. 19
'>i'perthere
jf per share
share
39%
40%
39%
40%
39%
65
65%
64%
66%
64%' 65%
24%
25
24%
;:t:
24%
25
♦105%
106
*38%
40
13%
47
15
20
*19%
17%
107%
122
7%
is
14%
24
22%
21%
8
'
;
12V*
.
:V;:
108%
*44%
44%
16%
12
18%
*107%
13%
107
66%
66%
-*121.122
—
7%
7%
;
43%
43%
12%
18%
13%
*106%
43%
43%
20%
16%
12%
18%
10%
*107% 109;
•
*42%
*15%
33'/*
27%
21
27%
21%
21%
102%
•
.
102
103
7%
104
♦103
28
20%
26%
33%
33%
15%
33%
28%
20 %
16%
32%
>
8
105
12
11%
12%
11%
37%
37%
38%
*37%
38%
5,500
'•
*103%
105
*103%
100
19
18%
45
45%
104
*101
1,500
3,600
18%
46
103%
100
21
22%
20%
21%
21%
17%
19%
21%
21%
21%
17
17%
18%
19%
20,300
12%
5,900
12%
13
12%
"
122
7%
7%
7%
7%
60
*121
121%
,>121%
1,500
Studebaker
Sun
220
67
66%
67
23,200
? r
Clase- A
Sunray
1,900
Sunshine
11%
11
11%
8,800
Sunshine
19
4,300
.109
800
*18%
-
18%
19%
109
103
28%
10
Superior
Steel
Sutherland
Sweets
Co
Swift Si
Swift
9,200
Sylvania
320
20
bum) -—100
_1
.1
Corp
,.50
new
—10
Co
Amer (The)—.
..4.16%
25
Co
International
-No par
_
...No par
12%
*7%
17%
58 V*
11
51%22%
15
13
13
U *7% 4; 8
.
17%
17%
58%
58%
11'/*
11%
52
52
22
22%
15%
15%
48%
48%
.
*16%
'
53%
17%
17%
♦11%
11%
57
57
•11%
11%
*14%
43
15%
43
*104
105
6%
6%
37
♦35
48%
.
13
8 •
17%
58%
11%
52
15%
49 .
137/#
25%
*16%
:
6%
*16%
,39
The
•48%
15%
7
52%
*104%
'
106
15%
Third
12% Nov
10
42% Sep
10
10% Oct
10
*
17% Oct 10
Oct
102
*110
111%
16%
52%
46'/#
105%
*103%
14%
14%
*13%
47%
45%
46%
*45
12
11%
12%
11%
16%
.38%
39%
17
37%
*48%
12
16%
16%
37%
16%
39%
'
47%
46%
105%
14
♦
103%
48
105%
*13'/*
14
47
12
11%
Nov. 10
Nov. 18
Nov. 16
7^
Tuesday
Wednesday
'
f per share
I per ttierti
8 per share
55%
X53%
53%
52%
12%
12%
12%
12'/*
26%
257/#
26%
25%
88%
89%
88%
91%
89
90%
89'/*
•107%
112
*107% 112
106
105%
106
*36%
; 37
37'/*
36%
18%
17%
•106%
107'/*
21%
43%
•
67%
82
-
20%
126%
124%
*105%
36%
106%
36%
•105%
17%
16%
17'A
104'A
104 »/*
19%
20%
41
41
39%
39'/a
66
63%
63%
27
26
26
;.:6% ■; 7»/b
82
46'/a
9%'
9%
'*91%
"
6%
•78
82
3%
3%
46
83
13
9
*87
13%,
Xl3'/a
13%
12%
38
♦36
38
35%
10
Water
Oct
9
10
17% Nov
13
—No par
Associated
Oil
Axle
Bearing
Corp
Williams
St'l
102% Oct
4
5
preferred
&
32
16% Oct
10
No par
2
38'/* Oct
5
No par
preferred
9
13'/# Oct
10
Nov
22
15% Oct
10
57/# Oct
10
21
105
16
Sep 25
Sep
9
37% Oct
30
46'/# Nov 21
102% Apr
23
,U% Oct: 10
Oct
9
11% Nov
19
44
NEW YORK
STOCK
EXCHANGE
Range for Previous
Range Since January 1
Lowest
Highest
$ per share
$ per share
'Year 1945
Lowest
$ per share
Highest
Sper share
/ /
8%
9%
200
50,300
45%
46%
8%
; 3,100
1,000
8%
8%
*87
90'/a
16,600
3%.
87
13
:
120
13
87
90%
1,800
'
35%
47%
23%
46'A
47
45%
46'/*
45
45%
43'/*
21%
22
22
22
21%
22
14'/*
*23%
25
200
3%
12%
36
*30
39
46%
9%
91%
13%
13
;
*38
6
Oct
102
3
35,100
83
•78
-
3%
46%
45%
6%
6%
7
-
3%
46
i
90%
93
30
20
Sep
2,000
27
v;
•
9%•
.
9
14% Oct
35
400
64%
30
46 Va
4
10
Oct
21
31,100
42'A
66
'
46% Sep
.500
20%
66
3%
10
26
9% Mar
21
104%
*27
7
-
107
19%
♦41
82
Dec
124%
16%
1
3%
39% Not
103%
21%
103%
66%
6%
103
103
"
21%
30
82
.
3% ; 3,%
•46%
47
Apr
12%
107%
20'/a
43
30"%
53%
17ya
17%
*105
20%
66%
7%
7%
♦79
%
106
20%
*41
*27
30
v
18%
106
21
36%
.
24%
114
20%
124 :
127 y8
18%
•67
*100
'21'/*
126%
*105
Aug
♦107% 112
*107'/* 112
104
125%
*36%
♦42
112
21%
125%
106'/a
21%
•107'A
*100
,
*113
113% 113%
113
21 '/a
128%
•105
113
104
•101
•102% 104
21%
21%
128%
113
113
—'
31
—
89%
27%
■
Shares
Dec
26
90
55%
12%
26%
114
Sper share
$ per share
12'A
12%
27%
90%
Nov. n
Nov. 21
26'A
54%
13
•113
the Week
54'A
54%
54%
•12%
27%
*27
7
Sales for
Friday
Thursday
;
Nov. 20
J per there
t
16"% Jan 28
STOCKS
LOW AND HIGH SALE PRICES
Monday
Saturday
Dec
137
25
5 % Oct
1
No par
Truax-Traer Corp
No par
20th Cen Fox Film Corp
No par
$1.50 preferred
No par
$4.50 prior pfd
No par
Twin City Rapid Transit—No-par
5% conv prior pfd
50
Twin Coach. Co
1
$6
33
Jan
9
Tri-Continental Corp
110
110
111%
*110
Dec
Aug
30
Transue
6%
79
Dec
6% Nov 22
38 V* Oct
com
Transcont'l & West Air lnc
15%
22
May 24
9%
__
25%
13% Dee
xl4'AOct
JTransamerica
6%
35% May 29
160
■
7% Jan
25
13%
15%
Mar
5% Aug
38% May
No par
100
No par
No par
(J R)
Products
13%
22%
16
6%
10
Dec
,127% Mar
3
Roller
21%
14
May 28 '"
56% Aug 12
ADr 18
24
Dec
Not
43% Not
% Oct
Detroit
*15%
6%
Oct
73%
Apr
y
Timken
.
119%
109
.
30
Timken
,
18%
Dec
Aug "r
29
Oct
17%
6%
124% Aug 13
16% Not
109
57
31% Mar
Sep
40
15%
May 17
78% Jun 10
36% Jan 28
48
39'/a
.
241/4 May 28
no
Jan
41
Feb 11
109% Aug 20
10
common
17
24'/*
6%
1
14
__1
Co
15%
15%
Dec
19% Nov 21
101
Nov 21
7% Nov 22
div conv preferred
-50
Avenue Transit Corp-No par
43
23%
28%
*
19
$3.75
104
104
Jan
Dec
16
18%
7 42%
13%
-
17%
17%
17%
106
Jan
18%
No*
25%
—.
13% Sep 11
31
Sep 23
Sep
$3.50 cum preferred
18
10%
Oct
106
•
Jan
19% Nov 20
55'A Apr 18
21
Aug 22
41% Feb
5
19% Nov 20 '
38
Jan 21
Sep
.
Tide
10
Sep
pfd
4%
preferred
Thompson-Starrett Co
•104%
12
100
5
No par
Co
Co
ia
117
Apr
7% Oct
15
Thompson
*48%
52%
*104% 106
*14%
15%
*46%
Ry
Mig
22
103% Sep 17
61% Sep 26
13 V*
Tnompson
38%
49
1
Fair
$2%
39%
*48
OJ.
Trust
16
45
Oct
47
Giass
conv
Thermoid
17%
39
Pacific
Dec
*
34% July
101% Sep
33% Dec
30
No par
$2.40
103%
39'/a
&
&
Pacific Land
Thatcher
,
*110'
Coal
Pacific
Texas
Texas
22%
No par
10
Sulphur
Texas
17%
17%
*106
107 %
18'/#
18V*
43
X42%
43
14
13 y2
14
25%
;
24% 25%
17
<•".* 17
17
7
:i
6%v
7
111%
110
no
17'/*
16%
16%
43
Producing
Gulf
Texas
17%
•18%
(The;
Gulf
13
Aug
_
18%
14% Sep
52
Feb
Texas Co
Feb
47
...
34
'
38% July
11% Jan
Texas
109% Aug 15
26% May 31
39% May 13
Dec
18% Oct
5
5
25
1
(James)
Corp
May 10
Oct
jo%
Not
9
lnc
4
26% Aug 26
23
Jan
HOT
22
1
Telautograph Corp
Jim
9%
No?
ji
108
24
Symington Gould Corp
Tennessee
107%
18%
17%
*106
5,200
7%
7%
16%
10%
*53
54
v
17
17
11
11%
57
57%
'
11%
11%
15
15%
42%
43%
*104.105
6
6%
34%
34%
17
53 V*
-
.
7%
Feb 16
SB
68%
'
10% Jan
Talcott
8%
8
8
•
**% Dec
Jan
,
23% Apr 17
25% Nov
Ltd....
Prod's Inc..
Elec
$4 preferred—
3
Jan
25
y
.
iy% Aug
105% Deo
14% Oct 10
12.50
Iric
Paper
of
' 21
1
par
-No par
Corp
56
•
108% Jan 17
20% Nov 22
1
:
—
7,700
101%
10
13% Oct
10c
Co
-No par
Superheater Co (The)
25
Superior Oil of Calif—.—.
4,400
20
19%
101
102% Oct
Mining
400
33%
29%
32%
100
'
(4 %%
Biscuits
900
42%
43%
15 %
15
21
43
*18%
20
43%
63
-No par
1
■_
pfd
Oil
44
11%
110
41% Jan
preferred...-No
A
Co..
42%
18%
5
33% Jan
.
53% Jun 14
i
(The)
Corp
series
43
110
37
Sep 12
16% Oct
9
5
-
Corp
Chemical
$4.50
Sun Oil
42%
'
' 37% Nov 21
Corp
Webster
&
July 11
1
Camp lnc
prior preferred
5%
30
50
-
Stone
6
—Ho par
-
Sterling Drug.lnc common.
3%
preferred ——
7,900
20% Mar
Year 1945
t
49% May 31
78% May 13
,11V' Oct 10
lnc
Stores
■:
—1
(The) L S i
Bros
* per there
.
: Range for Previous
-
V,;Lowest
Highest
t pet share
'$ per Share .$ per share
104 % Nov 20
Spring
preferred
conv
Starrett Co
Sterchi
600
r
108
*107
"107
66%
4%
Steel
-••••'
—•' 'i
100
A.
series
Stokley-Van
14
107
Standard
8,300
13%
18%
preferred
Stewart-Warner
14%
v
25',:
Jersey
i-i.—10
Standard Oil of Ohio.
3%%
.
Range Since January 1
-
25--' ..371* Feb 26
61% Nor 22 '
of Indiana
Oil
3,700
14
17
Standard
-
•"
v.-?4^.-,v|-^Lowe8t
Standard Oil of New
400
8,800
.m-
'•
STOCK
■i
800
38%
*37% "40
45
*101%
•
:
u
19
19%
44%
15%
33%
29
21
102%
8
*4?%
44
24%
11,800
,J 20,000
14%
19%
-
—
/
61%
24%
;
38%
64%
24%
37%
65
24%
21%
17%
20%
13%
107
107
*66% 67
121% 121%
7%
7%
43%
43%
Xll%
11%
19
19%
110
110
17
19%
67
121' 121
7%>
8
16%
'
39
64
23
14%
22%
21%
16%
19%
' 12%
14%
23%
21%
66%
68
*120%
104%
14%
21%
16%
17%
20%
20%
13%
13%
*106% 107%
13% '14
•66%
46%
*102%
*21 %
20%
20%
*106%
20
23%
•;
21%
17%
40
46
46%
103
103
24%
21%
13
38%
<■38 %
46%
'•
15%
24%
-
40
19%
104
*103
38%
38%
*38%
20%
47
19%
12%
32%
13%
"V;13
13%
39%
•38 V#
25
105"
105
106
106
-
38
YORK.
EXCHANGE
Shares
$ per there
t per share
.
39%
39%
64%
65%
24% 25
104% 104%
12%
12%
38
38
*38%
40
19%
19%
45
45%
*102% 104
'
the Week
Nov. 22
Nov. 21
NEW
Sales for
Friday
;
> Thursday
-tper there*.
-
40
STOCKS
v,
SALE PRICES
--Tuesday/^'Wedaeadef '
Not* 19
Not. 20
LOW AND HIGH
Saturday
13'A
13%
13%
13%
106%
106%
106%
106 '/a
11%
*11%
•
600
36% '
44%
6,900
22'/a
22'/*
3,300
13 V#
106 Vb
13%
13 y8
13%
9,600
106%
106'A
106'/*
11%
11%
11'A
11%
1,200
9%
9%
19,000
16%
17%
10,100
101%
101%
J
14
"
♦106%
108
•12%
12%
11%
10'/a
10'A
9%
10
17%
9%
17%
101%
*101%
13%
14%
14 y8
13%
112%
112
112
112
192
192
194%
32
40'/a
8%
27
17%
18 Va
*10
10%
37 y*
,
*65
70
54
102
55%
102
27
-
.
55
102
*189
91
-
30
*91
194%
30%
93
38%
39%
40%
37%
*7%
; 26%
8%
27%
25%
26
18
*10
36
194%
27
iey*
17%
16%
17%
40%
8%
'
17%
*67%
1,700
107
31%
*10
10%
'
ft
*10
10%
50
1,000
111
112'/a
31%
960
13% ,'14
13%
91
90 y*
8
27
103
♦191
,32'/*
90'/*
40%
8%
•191
32%
40%
37
112%
•
93
32%
*89%
17'/*
17
17%
103
*13%
10
9%
10
101%
17%
*101%
12 M
n
\
10
900
70
2,500
1,200
1,100
12,900
10%
37
35%
35'A
35%
70
*68%
7Qya
♦68%
7oya
55%
56%
55%
55%
*101% 102
48%
60'/*
101%
101'/a
130
48'/*
497/a
14,900
56%
102
36
•
2,400
3,600
'
$ 51
156
42%
52 %
156
f.v
*75%
76%
69'A
147%
71
148'A
21
*47
5%
43
21%
r<
49
5%
8%
For
footnotes
see
page
2707,
8%
*100%
109%
50%
51%
150
400
153
145
*75%
,76%
*75%
76%
100
69'A
70%
•-67%
147%
69%
147'/*
21'A
36,100
147%
153
42%
42%
21
*47
*5%
8'A
102
145
♦140
42%
45
147
.
21%
.20%
49
*46
5%
8%
102
5%
8
♦100%
■
42% : 42%
5,200
1,300
6,000
49
1,400
8%
5,500
300
Oct
Oct
;
Dec
v
89
Oct
85%
160
32
i t
Nov
;
Dec
not
50% Dee
8%
5'A
104
73%
77%
176
Deo
:
:
;
16% Deo
121 y*
Dee
/
.Volume 164
-THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4545
STOCK RECORD
HIGH SALE
LOW AND
Tuesday
Saturday
Nov. 18
$ per
•
Nov. 20
£ $
share1
STOCKS
Wednesday
"No v. 19
Monday
Nov. 16
$ per share
PRICES
per
$ per
share
Thursday
NEW' YORK' STOCK
.Nov. 21
share[
^
EXCHANGE
if per share
££//££/■
......
7%
*43
9
96
,
,
*198
:
21
27 %
96
28
'
*93
*198
,
'
,
19{L%
.
-
94
*198%
203
27%
87
25%,
26%"
88%:
88%'
25
"
.
■
19%
i9%
19
19%
18%
'
19
*16%
17%
16%
36%
36%
36y4
36%
*18%
18%
18
18%
18 %
18 %
*33
35,
17%
19% "
18%
17
38
17%
17
18%
18%
16%
17%
15%
157/s
'
*86
96
34
98
*90
-
34
*85
•
98
*91
96
33l/4
36
35%
*36 ""
17%
18
17%
17%
33%
18 y4,
33%
34 y8
*85
98
*90
36%"
18%
33%
*85
.
*30
93
.
i
34
33%
;
*
*39 %
*101%
1
6V2
i'-
*70
*119
•
45%
v
39.
'
73
119
119
6y«
70
85
*43%
,
*101%
"■
6%
'
73
!
90
*44%
6ye
85
13
1 120 %
1
41
102
102
•6%
*85
:
*39%
41
102%
5
i'
119:
,
*85
96
*87
*85
•
39
40%"
V *
102%
.'
6
V
—
V
68
:
J
*119
68
90
43%
I
•
;i
Vick
1
,i.„
'
:
64
64
*40%
*
f:
41%
3C
39% -39%
r39%
33
*33 Vo
34%
34
139 Vi
139%
*130
140
*130
140
135
135
30
*145
160
*143
160
160
*145
160
*145
160
*145
160
*145
39%
33%
39
33%
39
32%
38%
33
,
38%
33 >/•
700
6%
Dec
9
Dee
Jan
110
Deo
Mar
200
Nov
101
Apr
39
Feb
178
23% Aug
48%
Dee
9
.
30
Oct
30
5
36% Sep
5%
63 Vi Sep 20
118% Nov h 9
80
pfd—lOO
Apr
100
15
90 Va
Jan
103
24%
Jan
~3%
Mar
99% July 10
105
53
171
Deo
——
104
Feb
21
•
24%
86% Mar
59 ys
Dee
Dee
45%
Dee
~8%
Dec
July
81
Deo
118
Sep
124
Nov
9
Apr
Jan
10
123% Apr
57
Jan
83
Dec
45%
Jan
55
Nov
30
36%
Jan
52
•
3
45% Jan
Sep 24
32% Nov 21
130.
Oct 10
.
Vulcan
Preferred
13%
17
50% Nov
May 28
37
25
—.
Dec
42% nov 19
25
Visking Corp (The) class A
5
Detinning Co
—___100
Jan
Deo
22%
Jan
53
May 28
108% Aug 23
12% Jan 29
12
5% Nov 22
100 "
34%
Mar
32
115"
100 % Oct 29
_100
Jan
•; 13
113
91% Nov'15
100
21%
30
24
51% Apr 30
.
83% Oct 19
No par
,
'
15% Sep 19
,
mp
,
8
25% Apr
58% Apr
26% Jun
30
Works
preferred
25
Jan
75 y4
10
Virginian Ry Co
1,000
140
*39 t
15% Oct
35% Oct
2.50
Coke
&
Jan
5%
lo
17% tfov 22
hon-cunsrprefefred^^_.„100
Va Iron Coal
200
»
33
39%
Co
Chemical
16
16
200% Apr 23
49% Jan 10
Sep 25
10
6%
div partic prefered'
Va El & Pow $5 pref
90
*130
40
33%
*5%
7
Apr
110% Jan
:i' Nov 21
:
July 25
27% Feb
22
Ma? 14
t
2.50
3%% cum preferred
Va-Carolina Chemical
50C
*
88.,
140
33%
25
85
No par
Inc
Chemical
Victor
100
4.20C.
.
..
118% '119%
*83
41%:
600,
.
.
5%;
88
40%
40%
102%
*130
*39
Co
yAVicks Shreva & Pan. 3?.y
I'
,
Raalte
.54
.
t.
Vertientes-Camaguey Sugar Go_6%v
1.20C
v96,
187
$ per share
-'M'fcfes
Van
I 2.90C
4
*101%
119%-*
*83
*41% ■v42 V'
•
—
6
•68
119%
.
.
-
40
102%
-•
65
■
-r
12&y4v.
*83,;%:
57/8'
—
*85
i'Vi
•-V
;
Vanadium Corp of Am
Van Norman Co__
:
10
8% Jan 31
91
"Nov 22
pat
Highest
$ per share
11% July 22
19% Sep 24
■
*101%
--«%■•-
....
"40 "'"J
40%"
*ioiy2 102%;
.
•6Ve
70
Ili9
42%
96,
t
1.00C
.
93
-
1
2,400
'
*
98
-
*83 —-88
45
-/:
*90
.
No
l•!
•
12,200
.
•
!)
33 y4
98
18%
T,
•
Sep
■
Lowest
t per share
;
3
.
1
*■:-14G>v/y 4Y*% ;.;.brefemdY:»^^2^^i,uiOO-:i':
16%
36
17
"
-*30%
41
Sep
_il
Inc_
——__100
Universal'Pictures Co'Inc
I
I
•
50
pfd_,.
—
6,90C<
87%
■ *
conv
Laboratories
Universal Leaf Tob__J
8% preferred
1C
26
-
Universal
.
87
cum
7
Year 1945
Highest
I per share
£/;,£ ,2
y
Universal-Cyclops Steel Corp
19Cf
'
26%
4%
30C
3,100
•;
93%
91%
•*
'
'
88 Vi
*87
88%
-9
«•;"&< Lowest
/(£// /.'Pari-
United Wall Paper Inc
..
200
19%
-8%
-
9.500
43%
19%
9%
198%. 198%-
87
.
20
QT
7%
43%
•£-» 45- t
8Vz>
«...
7%
7 %.
*19%
20'/4
9"
95 '
9*
5
7%
*43
45
*19%
20 %
i
A
7%
*43
9
.96*198
198%
27%
'28'/*
-,9
95
•
199%
*87
45
20%
•
9%
-
7%
8
*43
#45
*20%
*
IV2
7%
Range for Previous
Range Since January 1
S0
43%
Nov
29
170
Sep 19
Apr
Mar 29
120
Mar
165
178 : May 11
.
Dec
145
Mar
173
Dee
W
*65%
18%
35
*105
72
*65
70
65
65
18%
*18%
18%
18 VB
18 Va
34%
35%
343/8
35 "
106
106
106
*105
*60%
70
18%
345/8
343%
106
*105
24%
10%
10%
10%
103/4
10%
105/8
34%
10
16
16%
15%
153/4
15%
16
15%
106
*105%
106
24%
25%
105 3/8
106
'
24
245/s
18
34%
>
,ioy8
10
10%
15%
15%
15%
105
105%
17%
17%
17%
17
17%
17
17%
24
23
24
23%
23%
23"
23
*24%
27%
25%
25%
25
25%
25%
*25%
26 y4
26%
26'A
*255/8
*20
21
20%
203/4
20%
20%
*27y2
28%
*27%
28%
28
28
36 V2
*10
35
36%
37
31%
31%
9%
9%
87
31%
30%
30%
105
*233/8
'25%
25%
*243/4.
253/4
25%
20%
20
20'A
28 Vo
28
28
36%
36%
37
9%
34
.
9%
31
*E6j/2
32
:
35%-
30i/2
313A
112
112%
111%
118%
1153/8
1153/a
116
ney2
*1153/8
113
111%
111%
111%
112
*1111/2
112
114%
115
114%
114%
1143/4
114%
115
115
*114
115
*114
12
*114
12%
62%
63
*6%
*15%
*34%
36
*77%
82%
19%
19%
*11
1143/4
*113
1143/4
112%
11%
11%
61
*34%
35%
34%
34%
*86 3/4
88%
76%
76%
19 3/8
19%
18%
*14
11%
11%
29 Vo
29%
28 Va
29
28
23%
23%
22 Va
23
22 Vb
23
22 Va
*60
*39%
*96%
18%
28%
27%
22%
21%
22%
21%
21%
343/4
'35%
540
351/4
51
51
30%
30%.
100 Vi
69
*60
101
101
*101
39
38%
40
993/4
*60
69
27%
<48
*45.
48
30
*273/4
303/4
99%
993/4
99%
*60
„
69
*57
101%
37%
38%
36%
95 y2
953/4
93
95
92
92%
*101-
1013/4
5%%
323/4
32%
31
31
31
31
*30%
313/4
24
243/8
23%
24%
22%
231/4
22
223/4
213/4
21%
14
13%
13%
13 Va
13%
13
13
11%
12%
113/4
12%
3,500
3,500
*31%
*83
90
*83
90
*29
32%
*29
32%
32
*301/4
*83
90
*83
90
*83
90
*82
30
30
*29'
32
*29
32
*29
*6%
63/4
6%
6 5/8
6V2
6%
*6%
6%
61/8
10%
103/4
10%
•10%
10 Ve
10%
9%
10%
9%
*13%
133/4
13 «/8
13%
*97
98
97
97
*17%
18%
17%
18
12%
13 Va
*96 Vz
13
13%
97
*95%
18
17%
6%
161
*145
*41%
46 y4
*145
161
43
41
18
12%
41
*145
161
*413/a
42
46
46%
46
46 3/4
*145
18
123/4
96%
161
41%
41%
45 Vi
46
123/8
12%
96%
900
.
161
'*39
40
•
443/4
45.%
54
*52%
54
*52
533/4
52
50
51
.*50
52
87
*85
87
*85
87
*85
87
*85
87
86
86
100
*93%
95
94%
94 %
*93%
95
*93%
96
*93
95
200
84
84
*80
84
*79
84
*79
84
70
*69
70
*69
70
84
84
*69
70
*14%
15%
*69 y4
143/s
46%
14%
14%
'
513/4,
14%
14%
94%
69
13%
45 %
433/4
-
.
84
69
w>,~
.
943/4
*78%
•
.
14%
66
13%
Co
Thursday
Nov. 19
Nov. 20
Nov. 21
Nov. 18
Nov. 1G
$ per share
$ per share
t per share
;
Inc
1
2,300
.
pfd
4%%
Prior pfd 4%%
$ per share
Nov. 22
$ per share
oonv
"
•40%
.
40%
38%
38%
14
143/4; '
133/4
14f
183/4
,
42%
14%
39
14%
183/4
18
183/4
18%
183/4
62 Va
63%
62%
62%
63%
63 Va
39%
13%
.
JC61
-
,
40
'•'36
13%
13%
Shares
M3% | 13%
;17%
59%
39%
17%
16%
6r%-
59 .v; 60
*38
•
16%
20%
20%
20%
*9%
9%
17
.
f
16%
„
163/4
16%
.
,
62
16%
16
16%/
«
_
21
•
-
93/4
93/4
•Bid and asked prices;
20%
21
9%
20%
20%
9%
9%
9%
ao sales on this
day.
•
38
'
14
18
.18
.
'
173/4.;
*17 ■;
f.
15'%,
•
;•
tin receivership.
,
19%
35
Oct
41% Jun
17
38%
Deo
39% Jan
30
45
29
63 % Jun 18
-
-
,••••-
—
•
York
■"{alt Sf 1
:
'''
r
V
Par
-
Mar 5
34
Feb 20
43% Sep 10
i
'•=
:
:
■
,
v
x9„f^:9%
i
..
Deferred delivery
'[
'
-
"
"
«NUVflr
.
'
..
*
"
...
'•
.,
•
'
•
-
100
33
l—-25
:
Youngstown- Sheet & Tube-iNo par
Youngstowu1 Steel Door——lNo par
Corp
Feb
64
78
8%
Jan
29
16 7
July 10
July 26
94
10%
Jun
35
Mar
Oct
Y12
16% Mar
.
Dec
47% Dec
:18
Deo
Jan
| 6%
Oct
31%
83% Jan
30
Dec
103
Jan
May 21
Feb
Jan
47%
Jan
26%
Deo
Dec
Deo
107%
Jan
21%
37% May
50% May
43
,87% Jan
28
Oct
105%
Jan
31%
Dec
26 y4
Jan
Jun
18% Nov
;
7
13% Jan
128.
22
Jan
40%
38
•
-
Jan
37
'
Jan
80
75
Jan
1
69% Mar
25% Jun
&
Jan
4
Nov
53%
Deo
70
Jan
•78
Deo
138% Dee
22% Jan
106
Feb
82% Apr
Nov
100
Nov
6
V.!
t
'*
■
OctlO
Jun
45%
101% Aug
16,
160
Jun 14 „
52
May 31
02% May 29
74
Aug 13
100
Apr 25
103
May 10
r.
-;
Oct
May 28
:*
100% Nov
-'K
110
Nov
.
84
Oct i
•
.7;
Range for Previona
5
.
61% July
■f };y
$ per share
Y Y
:
Year 1945 ■»:- >
lowest
$ per share 7
•
?
■
Highest
$ per share
:
1
32% Jan
47%
Deo
13% Nov 22
27% Jan
31
13%
Jan
24%
Oct
15% Oct 30'
35% Jan
It'
19% Jan
31%
Deo
57% Sep 24
83% May 31
31
Jkn 25
39% Jan
70%
Deo
20
Mar
27% Sep
42% Jan 15
14% Apr 18
94% jtdy
44% Deo
ZNapar
15% Nbv 22
1'.
.
3,600
.
i
Zenith
2,900
.
t
Zonito
•
oasn ma.
Radio
Corp,
Products
•
Special sales,
19 »/aOct 23
_No par
j».l
Corpu.
9
1
vd When dlstrlbated.
f'
-
'
.
"
<
'<
.■
.
,:
*
•*
*'-
-
,
-
27%
31
Jan
12% Jan
-
27% July'
31% Aug
37% May
23% July. 10
105
July* 11
36
Jan
30% July
62% May 29
44
44
v
$ per share
•
8,600
a New ttoek
> nr "
'
-
'*
>
Jan 11
Jan
Jun
'
107% July 26
47
Sep 19
84y3 Sep 30
87Va Sep 27
80 Va Sep
5
59 Va Oct
7
."
,
I
•
Jan
Range Since January 1
Highest
Young Spring & Wire—
,
-
72
106
:
jun
37%
"
45% Jun 27
142
■
r
if
-
92
"Lowest
odh*
•
Jan
21
101
'
4m-'-i-J
64 Va
' 21% Feb
'
5,10j0
-1,800
3,800
Apr 24
107% Jan
Nov 22
.'v'
r-"
& Towne :Mfg Co-
1,700
57% July
15 V® Oct
'
•
Jan
12yeSep 19
95yaSep24
"
'■
May
1
•
30 V2
Nov 22-a V? 26% Jan
,
series___100
J
17
14
14 y8
,(
20%",
9% v 9% Z
a
19%
'
56
26 V*
,
•
f
18 Ve
,
20
.
17%
43% Aug
14
Nov 19
5% Oct 10
:
Y
"
14
30
100
i"-
Dec
Deo
4% Jan
13% Feb
101
11% Nov 21
81% Sep 117
lIO
STOCK
Deo
•7I.6I;
53% Jan
92
..
No par
EXCHANGE
Jan
32% Jan
Oct 22
;
Deo
8%
56% Jun
Aug SO
1
32%
40
115
S
: i 32% Jan
63
series^
NEW YORK
the Week
$ per share
Deo
22% Mar
9
Oct 30
Wright Aeronautical
Jtfo par ^
-Wrigley (Win) Jr (Del)_.__lNo par •
Wyandotte Worsted Co
T
T-5. . 13'% Nov ,22
Sales for
Friday
Jan
3
36% Nov 22.
No par
%
STOCKS
Wednesday
106
Jan
Oct 28
Oct 10
5
:
Tuesday
Dec
7
29% Nov 21
99
Sep 26
—20l
(F W) Co_—
Worthingtoft P & M (Del)
LOW AND HIGH SALE PRICES
Monday
Dec
118%
10
100
Co
i
Saturday
112
Sep
2
100
Woolworth
i
600
.
&
Prior
50
673/4
13%
.
t
11,700
.
Jan
113%
Nov 21
34% Nov 22
—
900
*85
Oil
Wilson
600
*52%
101
39
12%
.$4.25 preferred
No par
Wilson-Jones Co^.
—j
10
Wisconsin El Pow Co 6% pfd„100
Woodward Iron' Col—U—-.t——.10
10
;
Oct
117% Aug
7
119% May 16
w 53% Jun 10
Oct
Willys-Overland: Motors-—r
200
16%
*145
40%
40
11,000
Wilcox
1,900
Nov
118%
18%
11%
26%
21%
White Sewing Mach Corp—
1
$4 conv preferred————No par
18,200
"-*15%
.
155
155-
9%
*941/8
17
•X1S%
6
37
113% Nov
71
.
No par
Prior preferred
23% Mar
Jan
White Dental Mfg (The S S)
20
27% Feb 26
Motor Co—21% Nov 22
-
89% Nov
Jan
White
100
9
*95J/s
96%
-
32
5%
10
'
•
90
W
Dee
38% Nov
19
Sep 12
Sep 24
14
$5 conv prior pref_—INn par
200
24%
8
--.100
Corp..
16%
Jan
Apr
84 Va
27
..
No par
No par
preferred
Steel
Dec
47% Dee
May
:24
90% May 14
13% Jan 16
12%
conv
8
Jan
Dec
109%
5% Sep
No par
Wheeling & Lake fcrie Ry
32
33%
100%
57
No par
Corp
21 % Nov
Jan
Mar
30%
Dee
l
35
__.100
Brake
24 y4
Deo
Deo
v116%Apr 11
13 ;
Jan
16%
50
6
10% Nov 22
10
preferred
Wheeling
400
243/4
t
$3.75
Aug
32% Nov 22
111% Sep 16
100
.
B
Air
Sep
105%
Apr
14% Aug
Apr 30
122% Feb
1
A_fc_
Electric
119
Deo
.20
16% Apr 20
43% July 11
89% Aug
8
'/ 45
14%
29%
10
100
Westvaco Chlorine Prod
2,900
*31%
*137/8
113% Oct
Wesi/on Elec Instrument—.—*-12.50
~90
37
96
96
300
69
102%
39%
102%
106
100
No par
Preferred
450
38%
100
series
Westinghouse
Westinghouse
Sep 20
Sep
Jan
8% Oct
91% Oct
20
29% Sep
5
47% Jan 31
115% Nov 19
non-cum
Class
1,200
993/4
.1
pfd
107% Feb
35% Mar 14
9% Sep 19
31% Sep 19
85% Sep 30
29
Sep 10
108
Sep 25
Western Union Teleg class A-No par
100
29%
100
69
*101
35%
X48
12,000
12
•
39%
102%
38%
96
96
99
35
•
51%
32
18%
18%
*10
Corp
v ;
110%
'*8%
20% Jun
7
18% July 19
10
Aug
24
34% Feb
31
7
105
23% Aug 29
50
Jan 16
30% Jun 14
20% Oct
5
Pulp & Pap Co
Preferred
5,400
46,100
*50
*60
102 y4
200
12%
Sugar
29% Oct
v.*
•
Mar 26
25% Nov 20
: 20
Sepl0
No par
No par
—
Apr
22
Nov 15
18% Jan 24
2nd preferred___100
Western Pacific RR Co com-No par
1,100
79
181/2
*30%
100%
31%
*75%
271%
52
IOO
31
79
*10y2
100%
100%
34%
4^
Deo
111
l
4%% preferred
Western Air Lines Inc
Western Auto Supply Co
Western Maryland Ry
16
*13%
29
323/«
52
69
*100%
Vi
35 Va
35%
32
*30%
51%
*100%
35 Va
353/4
35%
36
32
2,800
12
*11
13
*50
2,100
6
6
17
*75'A
19%
2.700
Deo
Apr 12
5
West Penn Power 4%%
Va
Nov
20
42
Sep 24
16% Oct 30 f
;
preferred
West
30
10%
59
6%
*14
17%
112%
10 3/8
57%
11
6 iy4
6
17%
30
*35%
10%
59
7
*15
29%
: *30%
11%
61 Va
6%
7
13
6%
200
61%
preferred
Indies
78
Jan
30% Jan
xll% Mar 15
West Penn Electric class A__No
par
7% preferred
100
80
*113
114
*11%
114
conv
West
2,100
11%
19%
100
343/4
345/8
195/8
250
1123/4
114%
80
345/8
*77
116
32%
18 y2
*15%
18
111%
116
111%
*111%
35%
61%
6 %
111%
$4
Sep
13%
29
^100
No par
Tobacco Inc
Wesson Oil & Snowdrift
9,500
35
12%
6%
303/4
Col
Webster
200
36%
63
6%
1,400
1,500
36
37
114
115%
11%
*61
7%
37
9%
303/8
117%
*111%
38
-
34
*115
38
-
*9%
900
-
86%
1123/8
38%
115%
36
86%
113
38 V2
Waukesha Motor Ccr—
Wayne Knitting Mills
Wayne Pump Co_——
34
117%
*111%
Washington Gas Lt
800
34%
*112
112%
400
200
87
*111%
*111%
26
27%
86
9 % Oct 30
5
20%
'
64V
14
105
1
—100
*20
>
21
54
23% Nov 22
common__
*27
*115
112
'
Feb
23% Jun
new No par
Warren Fdy & .Pipe ———_ JVo
par
Warren Petroleum Corp
5
1,000
11
Sep / 3
v;
No par
Baking Co
*251/2
'
9%
33%
87
900
Sep
15% Oct 10
34
100
(Hiram) G & W
■5%% preferred
Warner. Bros Pictures
36,900
56
.
9%
35
*86%
17'
prTeTf.erred
^°Lth, Co—
Ward
180
25
26 Va>
''
3,700
24%
25%
Walker
7.00C
,r
-
163/4
24%
x
31%
13,800
105
17%
37
35%
87
15%
20
37 %
35 Va
,10%
22 %
*27%
87
10
35
*86%
87
10%
15%
105
233/4
163/4
*
"
preferred..
100
Waldorf System.
r—...——wo par
Walgreen Co___.
no par
20
235/8
26%
35%
10
10%
35
*86%
*36%
37
106
23 Va
.
Wabash RR 4%%
1,100
3,000
34%
*105
24
200
17%
34
106
233/4
'
63
17%
34%
*105
*22%
17%
63
'24%
105 Va
105%
66
18
106
26%
26
*60
18%
•
"
•
■
-
.
,
*
*
'
'■
,■
s
*
.
..
:
........
.
Sep 23
5% Jan
12%
Deo
y:/ x\\,
-■■■.
.
_
COMMERCfAE
^Vy'';'•1
THE
^
Transactions at the New
"
■
.
.
wmrr:
'
V-'''
Monday, November 25*1946
SSIHANCIAITCTEdNICEE;
i* 4* ,«t«* ' ,v .•''
!."> A
».
': .""mi 1'^<*^''"'1 *
} <>Y\ A'i'.'.\\\x ":i. \f.. ,r'\.
Transactions at the New York Curb Exchange
York Stock Exchange
Stocks
Stocks,
Number of
•
Week Ended Nov.
Railroad
and MisceU
Bonds
Shares
22,1946
L202.540
5,554,780
$20,396,000
Saturday
Monday—
914,070
969,390
1382,370
Tuesday-
Wednesday.
Thursday.-,
Friday.
.
Total—
Government
foreign
Bonds
$68,000
302,000
366,200
287,000
142,000
$1,185,000
3,002,000
3,692,000
3,738,000
4,598,000
4,181,000
316,760
769,650
Total
Bond
Sales
United States
",r".
Bonds
i.
1,000
6,500
Saturday
Government
Domestic
83,895
223,785
-
Foreign
Corporate
Foreign
of
Shares)
22,1946
$75,000
:
129,000
12,000
$"27o6o
143,000
272,980
3,000
309,035
121,000
301,000
3,000
Wednesday.
Thursday-.
Friday
9,000
127,000
310,000
387,690
374,380
241,000
42,000
283,000
272,000
23,000
1,651,765
$1,139,000
$90,000
Monday
$21,844*700
295,000
vWv
328,828,535
54,500
-^V V
5,611,716
$1,754,000
754,000
4,000
$18,729,500
72,339,400
1,123,216,700
Bondt
Government
1,394,200
20,396,000
Foreign
Railroad & Industrial
1,651,765
8,551,720
$1,139,000
-
1
126,351,538
$123,500
.
333,933,613
$7,316,750
94,001,160
1,977,506,200
Bonds
$120,560,000
31,991,000
1,031,000
ttnmaatffl...
90,000
3,876,000
$62,385,000
10,693,000
5,000
37,397,900
473,000
$1,234,000
$41,397,400
Foreign government-
Foreign corporate
$153,582,000
$2,512,000 $1,214,285,600
$21,844,700
Total—
1945
1946
Stocks—No. of shares-.
—
111
Jan. 1 to Nov. 22
1946
194i
Week Ended Nov. 22
119,548,949
5,554,780
Stocks—No. of shares
U. 8.
1946
1946
1946
22
1949
Jan. 1 to Nov.
$1,234,000
$5,000
1
Week Ended Nov. 22
Total
$76,000
$1,000
Tuesday—-
4,416,500
$54,500
$1,394,200
Week Ended Nov.
4,097,200
4,033.000
4,741,000
8,000
229,000
<
$1,253,000
3,304,000.
$39,000
Bonds (Par Value)
(,Number
Total—
$73,551,000 $2,078,824,110
Stock and Bond Averages
of representative stock* and bond*
Exchange a* compiled by Dow, Jone* & Co.
Below are the daily closing average*
listed
the New York Stock
on
-Bonds—
10
10
20
is
Total
10
First
Second
Indus¬
Rail¬
Utili¬
65
Indus¬
Grade
Grade
trials
roads
ties;
Stocks
trials
Rails
Ralls
ties
Bonda
91.46
loin
103.19
30.
Date-
November 16
169.03
.
November 18
.
November 19—
.
November 20
110.40
48.50
35.03
61.25
103.61
110.52
91.35
107.06
48.16
34.83
61.09
103.69
110.49
91.24
107.05
103.11
166.91
47.95
34.87
60.82
.103.62
110.17
91.10
107.04
102.98
164.12
46.96
34.43
59.77
103.60
109.82
90.59
107.04
102.76
163.55
47.08
34.30
59.66
103.50
109.76
90.26
107.01
102.63
.
Bond Record
■
.
103.13
New York Stock Exchcmcio
ecu
FRIDAY
j
103.79
40
167.91
.
November 22
61.89
Total
167.88
.
November 21
35.26
49.54
10
Utili¬
WEEKLY
-
-
YEARLY
and defaulted bonds.
Cash and deferred delivery sales are disregarded in the week's range,
the week, and when outside of the regular weekly range are shown in a footnote in the week in which they occur.
No account is taken of such sales
f
The italic letters in the column headed "Interest Period" indicate In each case the month when the bonds mature.
NOTICE—Prices are "and interest"—except for Income
unless they are the only transactions of
in computing the range for the year,
Figures after decimal point represent me or more 32d of a point
K:
LOW AND HIGH SALE PRICES
Monday
Saturday
Tuesday
Wednesday
Thursday
Nov. 19
Nov. 18
Nov. 16
Nov. 20
Nov. 21
Low
High
Low
♦103.6
103.8
•103.6
103.8
*103.5
♦106.20
Low
.
High
High
103.7
Friday
Sales for
Nov. 22
the Week
High
Low
High
Low
*103.5
103.7
*103.5
103.7
*103.3
*106.19
Low
High
NEW
YORK
106.22
•106.19 106.21
*106.19
106.21
*106.18
106.20
*106.17
106.19
Treasury 3'/aS
108.29
♦108.27
108.29
*108.26
108.28
*108.25
108.27
*103.25
108.27
*108.24
108.26
Treasury 3s
*111.24
111.26
♦111.24
111.26
*111.24
111.26
*111.24
111.26
*111.23
111.25
*111.20
111.22
102.20
♦102.17 102.19
*102.17
102.19
*102.17 102.19
*102.17
102.19
*102.17
102.19
Treasury 27/aS
Treasury 2%s
♦102.18
*107.10
*107.10
*107.10 107.12
107.12
♦112.7
112.9
>112.6
«*112.7
112.8
107.10
Treasury 23/4S
1951-4954
107.23
*112.2
112.4
Treasury 2%s
1956-1959
113.12 Aug 12
112.31
*112.27
112.29
*112.27
112.29
*112.23
112.25
Treasury 2%s
__195$t&63
113.3
--1960:1965
-.1948
114.19
*114.16
114.18
*114.13
114.15
Treasury 2-3As
*103.2
103.4
*103.2
103.4
*103.2
103.4
Treasury 2'As
*104.20
104.22
*104.20
104.22
*104.20
104.22
*104.19
104.21
*104.19
104.21
Treasury 2'As
•105.15 105.17
*105.15
105.17
*105.15
105.17
*105.14
105.16
*105.13
105.15
Treasury 2'As
105
105
*104.30
*104.28
1949-1953
1950-1952
1952-1954
104.30
*104.25
104.27
Treasury 2 Vis
-
*106.15
106.17
*106.18
106.20
*106.18
106.20
*106.16 106.18
*106.13
106.15
Treasury 2Vis
-
*104.12
104.14
*104.15
104.17
*104.14
104.16
*104.14
*104.11
104.13
Treasury 2'As
_
*103.27 103.29
*103.30
104.
*103.30
♦103.27
103.29
Treasury 2'As
-
103.17 103.17
103.16
103.15
*103.16
•103.12
103.14,
*103.12
103.14
*103.15
*102.8
102.1O
♦102.7
103.15 103.15
V '
*103.19 103.21
104.16
*103.30 104
-
*103*118 103.29"'al03.l9al03.19
'6,500
♦103.17 103.19
*103.17 103.19
103.18
103.15
103.15
*103.16
103.17
*103.15
103.17
*103.15
102.10
102.10
*102.11
107.13
105.16
*105.14
105.16
102.12
102.12
•103.14 103.16
June 1964-1969
-
15,000
1,000
Treasury 2'As
.
*105.14
105.16
*105.13
105.15
Treasury 2'As
-
1951-1953
103.23
*103.18
103.20
Treasury 2'As
-
103.25
*103.24
103.26
*103.24
103.26
*103.21
*106.31
107.1
*106.30
107
1Q4.23,
*104.20
104.22
kooo
Treasury 2'As
Treasury 2Vis
Treasury 2'As
Treasury 2'As
*106.27 106.29
♦104.21
*104.18 104.20
1,000
Treasury 2'As
Treasury 2Vis
*101.18 101.20
*101.20 101.22
*101.17 101.19
101.20
♦101.17
101.19
*101.20
101.22
101.21
101.21
*101.20
101.22
*101.17 101.19
♦101.11
101.13
•101.11
101.13
*101.11 101.13
*101.11
101.13
*101.11
101.13
*101.10 101.12
*101.9
101.11
*101.8
101.10
*101.8
*101.8
101.10
*101.8
101.10
*101.8
101.10
102.15
*102.2
102.4
•102.9
♦102-10
.
-
Treasury 2s
•102.13
.
Treasury 2Vis
Treasury 2s
•102.11 102.13
102.9
July
6
5
107.10 Apr 12
106.15 Apr
6
100.15
Jan
102.7
July
100.10 Jan
102.2
Feb
Jan
102.3
Feb
4
102.22 Jan
4
107.19 Apr
107.9 Apr
103
Jan
Treasury 2'As
5,000
.
4
107.26
108.17 Aug 12
108.17 Aug 12
108.21 NOV
108.21 Nov
1956-1959
104.22 Sep
107.14 Apr
3
100.27 Jan
105.1
104.16 Apr;
5
100.15 Sep
101.12 July
104.7f;jApr
3
June 1959-1963
Dec. 1959-1962
1947
101.15 Jan
17
100.29 Jan.
2
101.4
Jan
4.
102
Apr 29
Mm#.'*9
March 1948-1950
*102.12
102.14
*102.12
102.14
*102.11
102.13
Treasury 2s
102.3
*102.2
102.4
*102.2
1Q2.4
*102.1
102.3
Treasury 2s
June 1949-1951
102.10
*102.9
102.11
*102.8
102.10
*102.7
102.9
Treasury 2s
*102.11
102.13
*102.11 102.13
*102.10
102.12
Treasury 2s
—
Dec. 1949-1951
—
Dec. 1948-1950
Treasury 2s
Treasury 2s
Sept. 1950-1952
♦102.16
102.18
•102.17
102.19
*102.18 102.19
*102.17
*102.16
♦102.15
Treasury 2s
Treasury 2s
1951-1953
102.18
102.17
*102.21 102.23
*102.20
102.22
*102.19
102.20 102.20
*102.19
102.21
♦102.18 102.20
♦102.16 102.18
102.21
*102.18
102.20
15,000
1851-1955
June 1952-1954
Treasury 2s
Dec
100.27
102.26
Sep
103.28
Oct
102.9
102.3
Nov
Dec
Apr
July
104.24 Jan
102.20 May
102.27 Jun
rr—
Jan 17
103.9
Jan 17
103.9
103.7
jan~~5
103.22 Feb
102.16 Oct 28
104.3
Jan
103.5
Dec
103.8
Nov
102.20 Nov 19
104.26 Feb
18
102.10 Feb
103.16 Dec
100.25
Jan
103.30 Dec
103.1
Mar 15
104.14 Jan 28
103.13 Ma»
18
Oct
Oct
101.29
102.21 July
103.13 May 16
102.20 Oct
102.26
102.26
6
March 1950-1952
102.11
•102.14 102.16
100.18
Feb
104.24 Jan
Sept. 1949-1951
102.12
—
100.20 Aug
1954-1956
*102.13 102.15
102.19
100.18
July
101.15 Dec
*102.9
Sep
103.1
Sep
100.17 Jan
104.4
Dec
104.6
Dec
100.13
Jan
•102.20 102.22
*102.21
102.22
*102.20 102.22
*102.19 102.21
♦102.17 102.19
Treasury 2s
102.22 Nov 15
104.29 Feb 21
*105.7
*102.20 102.22
*105.7
105.9
*105.7 ^105.9
♦105.16
*105.4
Treasury 2s
Treasury l3As
9
101.9
Jan
101.23
101.14 May 17
101.31 Mar
Apr
8
100.26 Aug
Dec
101.3
102.17 Mar
101.19
Treasury IVis
105.9
105.8
105.6
•101.3
101.5
*101.2
101.4
♦101.3
101.4
*103.3
101.5
•101.3
101.5
*101.2
101.4
•1C1.3
101.5
*101.2
101.4
*101.3
101.5
101.3
101.3
*101.2
101.4
*101
101.2
•Bid and
Jan
106.29 Oct
•102.15 102.17
105.9
100.17
100.23 Dec
*102.10 102.12
•105.7
102.17 Aug
9
8
•102.15 102.17
:
103.4
Jan
Apr
107.9
106.15 Aug 12
*102.11 102.13
102.22
Jan
100.18
106.16 Apr
•102.16 102.17
*102.19 102.21
Jun
100.28
Apr 16
2
*102.12 102.13
*102.20
107.1
107.4
106.15 Aug 12
Dec. 1967-1972
102.17
102.21
7
2
10
Jan 17
Jun
100.30 Jan
•102.15
102.22
Jun
105.19 Aug
18
102.17
♦102.20
Apr
107.25
109.15 Feb
•102.15
♦102.19
107.15
Sep
101.16 Jan
*102.9
♦102.11 102.13
Oct
106.28
106.28 Apr 30
*102.11
102.10
106.6
101.24 July
107.28 Dec
*102.2
*102.10 102.12
2
Apr
Sept. 1967-1972
-
♦101.18
•102.8
Dec
June 1967-1972
.
Treasury 2'As
♦101.18 101.20
102.12
116.16
1952-1955
*103.23
102.11
Jan
108.4
_
102.8
103.25
;
Oct
113.2
107.5
4
*102.6
•103.23
102.4
113.30
19
107.27 Apr
2
*102.10 102.12
105.16
•102.2
Jan
Jan
1
102.11 Jan
105.9
*105.14
*102.13 102.15
113.20 Nov
•112.21
7
19
102.11 Jan
102.8
105.16
:
Jun
1966-1971
*105.7
•105.14
101.9
110.15 Mar
105.24 Sep
108.15 Nov
1965-1970
*102.6
105.17
*101.21 101.23
Dec. 1964-1969
102.10
102.10
•105.15
.
105.29 Aug
113.3
107.15 Jan 28
_
*105.12 105.14
105.17
*101.21 101.23
106
Apr
106.16 May
164.9
103.17
*105.15
107.2.
*104.21 104.23
106
1963-1968
103.15
*102.11 102.13
*107
107.2
*104.18 104.20
118.23 Feb
108.4
103.14
102.9
107.2
118.15 Mar 12
105.22 May
*103.13
•102.7
*107
1
1962-1967
*103.12
102.10
♦104.18 104.20
15
1
Dec
106.11 Mar
112.10 Jan
Feb~~6
Nov
Nov
1956-1958
103.18
♦102.8
•107
Treasury 2'As
109.22
115.23 Apr
114.25
108.27 Aug
.1.
*105.14
102.9
*105.11 105.13
*105.10 105,12
-
104
.
*103.13
Aug" 23
n07.8
♦114.17
*103.14
111.27 Apr
Jun
105.14
112.7
114.20
103.15
Nov
112.17 Aug
107.11
103.5
103.16
111
17
*112.5
*103.3
*103.13
19
*107.9
*114.18
*103.14
111.18 Feb
115.26 Jan
Jun
112.8
103.5
103.18
28
112.21 Aug 23
110.3
*112.6
♦103.3
*103.16
109.24 Mar
*107.10 107.12
*114.16 114.18
*104.30
106.13 Nov
112.9
*112.29
•104.30 105
104.27 May 16
104.14 July 32
107.12
112.29
*112.27
Highest
Lowest
Highest
Lowest
1947-1952
1949-1952
1951-1955
1955-1960
1948-1951
Treasury 4'As
♦108.27
106.21
Range Since Jan. 1
STOCK
EXCHANGE
Bands($)
103.5
Range for Previous
Year 1945
GOVERNMENT BONDS
asked price.
No sales transacted this day.
a Odd
lot :•£ transactic
1,000
_
Sep 20
106.12 Jan
106.12 Nov
THE COMMERCIAL & FINANCIAL CHRONICLE
Nuinbet 4545
Volume 164
NEW YORK BOND RECORD
RANGE
BONDS
-
v*
Period
Friday
Week's Range
or Friday's
Bonds
Bid A Asked
Bold
Low
High
WEEK
V
No.
-
LOW
i
61
114'A 115
,113%
(Republic of)-—
A 6a
125%
3s
of
ry
J
''
-.
f
$
A-O
6%s
1947
A-O
ASinking fund 7s of 1926
1946
Bank
y
■'
M-S
4%s external debt
ASinking fund 8s series B
New
York
Stock
Exchange
120
Broadway,
New
York
NY 1-1693
Akershus
mmmt
1968
M-S
—
1945
J-J
1945
(King of Norway) 4s
F-A
A-O
J-J
•78
90
79
79
(Republic of) 7s
Republic 7s stamped
French
77
85
2
77
85
5
103% 103%
97% 104%
s
f 7s series B
lAExternal
s
f 7s series C
1945
1945
J-J
1957
A-O
s
s
AExterial
sec
AExternal
A
*21%
J-J
f 7s series D
f 7s 1st series
I AExternal
f 7s 2d series
s
sec
1957
Antwerp (City) external 5s
1958
3'/4s
1956
Belgium external 6%s
37%
Helsingfors (City) ext 6'As—
1960
A-O
38
Irish Free State extl
1960
18%
2
18
2
18
33
A Jugoslavia
1957
18
33
AMedellin (Colombia) 6yas—
Mexican Irrigation—
1954
A4%s stamped assented
AAssented to Nov. 5,
1943
102%
106%
102
37
102%
100%
J-J
1955
J-D
AAssenting 5s of 1899
AAssented
102
1941
J-D
external 8s
Stamped pursuant to Plan A
(Int reduced to 3.5%)
1978
106
105
115
...
67
67
1
64%
58%
A-O
58%
1
58
76%
66
66
1
62%
85
—
103% 110%
1
103%
1979
A-O
1957
A-O
61
62
2
118
63
63
10
—
58
85
-82%
lflnas Oeraes
ASec
1979
53
J-D
53
58%
6
53
♦
66'A
66%
1
65
84
,
(Int reduced to 3.5%)
1978
J-D
•55
63
77
59
..
No.
3
No.
4
5
;
■62
;
61
3%s
No.
10
11
3%s
No.
13
3%s Series No.
3%s Series No.
14
Series
3%s
A
Series
No.
No.
3%s
Series
No.
3%s
Series
Series
3%s
3%s
3%s
617/b
70
16
59
59
11%
—
17%
•12%
~
12
>14%
16%
♦12 V*
J-J
—
'
35
2008
57%
sec
■■
100% 100%
100
1956
M-3
105% 105%
101
107 y4
1965
4'/4a
A-O
105
106%
100
107 y4
105% 106'/b
101
22
F-A
1970
J-D
•100
1955
A-O
•101 Ya
i—1963
M-N
of)
s
57%
64%
55%
65
loan
AStabilization
1940
A-O
A-O
*19'A
—
.1947
A4'As
A-O
•26%
31
;
.1968
A-O
19
.1950
J-J
22%
22%
.1963
J-J
205/b
20%
assented
AExternal sink fund gold 8s—
A4%s assented
55%
65
65
55
65%
Stamped pursuant to Plan A
(Int reduced to 2.375%)—. .2001
AExternal loan 7'As
67%
3%s Series No.
28
Series No.
29.
Series
30
65%
65
*58%
3%s
3%s
60
54%
59
69
64%
55%
—
65
56%
K
15
65
55
-
1957
Sinking fund gold 5s
Sinking fund gold 6s
1958
64%
J-D
«...
.'2
100
1
ioi%
101%
F- A
1950
99
102
";:i02
-
APrague (City of Greater) 7%s_, .1952
99% 103
•JL0l%
M-3
•
h
-
.1966
Queensland (State) extl 68——1947
ARio de Janeiro (City of) 8s
1946
Stamped pursuant to Plan A
(Int reduced to 2.375%)
2001
AExternal
f 5s
42
•_.
J-D
19
65 Va
54%
3
-1961
(City of) 8s
:
Stamped pursuant to Plan A
(Int reduced to 2.25%)— .2006
65
56
—
——
58%
59
59
APorto Alegre
65
55
*58 V*
58%
54%
24
56
*58%
—
59
26
30%
30%
.1958
—
56
27
Stamped pursuant to Plan A
103%
100
F-A
h 100%
40
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>
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f
s
1977
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1975
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f 4%-4%s
s
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f $ bonds
s
Canada
15
86 ya
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13
87
101
99
1
88%
——
101
34
90%
101
6
:74%
94
,
93%
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^
A-0
109%
109% 109%
19
108%
J-J
109%
109% 109%
15
108%
100% 100%
20
100%
ACarlsbad
AChile
(City) 8s
External
102 »/4
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1954.
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A 7s
f 7s
assented
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sinking
1960
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6s
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—
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25
F-A
ii
21%
22
22%
22%
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21%
22
/
A6s
s
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I 6s
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assented
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;
♦
A 6s
1961
J-J
Jan 1961
assented
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22%
12
■
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Sep 1961
M-S
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..i_1962
sinking fund 6s_—^11963
■
|
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1957'
assented
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assented--
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—
Af-N
A-O
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assented
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assented
AChinese
7s
see
Af-N
—
5s—
page
2713.
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1951
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■
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.
1
:
20-
20
3
1
y
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if 15 f>:
21
15
"3
Institutions
28%
29
v"'l
1
'
1
V
'
S
>
>
MARKETS
(7ARL MARKS & noFOREIGN SECURITIES
29%
19
^
FIRM TRADING
INC.:'lllfll
SPECIALISTS
"
29
20%
'
28%
19
27
28 * C
15
37
50 Broad SL«
Now York 4# N* Y.
29
is y4
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-
28%
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25
20%
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22
'
4
19%
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I960
H
>20%- 20%
—mm
Af-N
1960
t
(Hukuang Ry)
footnotes
1962
—1962
—
Munic
'
20%
— —
2004
30%
19%
21
*19%
»
— —
47
2004
1967
FOREIGN SECURITIES
30%
21
!■»
—
29%
21%
j
21
*19%
— mm
J-D
1961
—1961
AGuaranteed sink fund 6s
A 6s
—
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-
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44
37
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1966
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22
1961
-
assented-
AChilean
For
21%
1961
AOuaranteed sink fund 6s
A 7s
21%
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-1957
ASlnking fund 6%s
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21
1
.....
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assented
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"
sinking fund 69
2012
45
30%
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Seil/1961
"
34
33%
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1968
For FinondaI
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2
21%
21%
"
J-J
1999
52
50
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21
15
loan
*
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35
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22
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municipal
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(Int reduced to 2.25%)
63V*
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—
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22 si22
A-O
_Feb 1961
*
51
——
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1960
fund
*38
—
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A 6s assented
ABxtl
L—
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1942
1942
s
Stamped pursuant to Plan A
■i
(Int reduced to 2.25%)
114%
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Stamped pursuant to..Plan A
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112%
1961
Jan 151948
(Dom of) 30-yr 4s
25-year 3y4s
2% a
Stamped pursuant to Plan A
(Int reduced to 2.5%)
A6s external sink fund gold
101%
99%
98% 100
M-N
1984
3%
99%
99
A-O
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99
99%
99
F-A
1976
External
95%
*98
48
30%
30ya
104
(Province of)—
*M-S
50
35
r-A
(State of)—
A8s extl loan of 1921
—.1946
1961
52%
34
43f
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—1953
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sec
*'•
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stamped
\
33
M-S
J-D
f 7s
s
2
25
.44
35
A-O
5
No.
.
M-S
2008
1959
—
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100% 102
98% 100%
106%
105
M-3
f 6s 1st ser-*—1960
59
58'A
103%
46
external 7s
(Rep of)
103
99 Vs
M-S
7s—T—1947
Stamped pursuant to Plan A
(Int reduced to 2.125%)
ioiy4
99%
—
J-D
1994
—19671
66
*58 »/4
59
■
1963
Li
ref 3%s series B
(State
103
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59
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No.
Aires
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46
3s; :
35
35
2008
59
59
,
,
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.
38
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-
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65
2
»
59
19
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Buenos
46
38
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,
59
Series
s
2
6
J-J
1959
AStamped assented 5s—
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55
'i...
Series
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f 6%a—l
External sink-fund
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13
■
59
24__
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s
10
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—
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18
82
82
55%
1
59
No.
No.
%
104%
102
29%
•- "
J-D
1958
bs ________________1957
t
APernambuco
65%
55 %
—
59
59
;
79%
—
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1
84
77
—
58'/4
77
82
56
—
58%
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23
3%s
(State)— 7
s
f 6%s
Stamp mod 3%s ext to—
63
—
-
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58%
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97
103% 103%
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*m—
1945
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:
(Int reduced to 2.125%)
Ext
76
5
82
*58'/4
12
20
No.
—
i
;
77%
--
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21
Series
68
•
78%
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No.
19'A
102 %
100
95 y4101
10
29%
agree
Municipal Bank extl s f 5s
Oslo (City) ;8lnk fund 4 % s
68%
*78
...
3%s Series No.
3%s Series No.
22
10%
17
Panama (Republic)—
65%
58
58
59
70
78%
__
3%s Series No. 17
3%s Series
68%
14
i
62
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9
Series No.
3%s Series No.
3%s Series No.
•:
Series
3%s
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58%
63
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6
8
58%
8
62
62
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No.
>11%
23
•95%
...
agree
1942,
j
3
'
62
76
—r
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—
53
6
54
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;
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1942,
5,
4a sink fund extl loan
53
—
2
Series
•'■ir3
12
102
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agree
5,
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<
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1979
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Series
1942,
external
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funding bonds ol* 1931 due..l951
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Nov.
New South Wales
5%
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12'/4
11
no
1954
Nov.
to
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—
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1952
.
3'As
104
'
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: (Int reduced to 2.125%)
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Series
111
104
105
105
Q-J
lATreasury 6s of 1913 assent
1933
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3%s
to
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1
76%
>
Nov.
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115
110
to
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(Int reduced to 3.375%)
AExternal s f 6%s of 1927...
,
60 y4
50
101
Q-J
1945
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82%
~
J-D
1957
f 6'Ae of 1926
10
106
105
•110
mm—
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1942, agree
(US) extl 5s of 1899 £—1945■
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100% 103%
91
101% 102
M-S
1955
100
3
M-N
9
1949
103
103
ioo y»
101%
105
■ —
J-D
103'A 103%
102
102%
101* "101%
:
101% 101%
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6
112%
mm —
104 y4
101
33%
18%
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131%
7s
f 5s
18 %
100
F-A
s
18%
106%
6s
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■
M-N
8
M-N
55
50
,101
21%
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104 y4
37
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12%
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6
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>
-
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-
ny»
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1
—
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1964
3
110% 110%
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22
—
96
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—
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.
22
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s
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117
31
;
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;
—1968
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s
ii'1
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38
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98
99
101
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.
115
: •1
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108%
109
117
101
111
110
2
117
99% 101
101%
22
——
i
100
100
'■
A-O
1967
21%
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mm —
mm—
A-O
Australia (Commonw'lth) 5s of '25.1955
External 5s of 1927
1957
External g 4'As of 1928
.1956
10-year
/'
M-S
-
~6
22%
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mm—
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s
•/;
39
19%
106
112
99
:iyVyV99%
99%
88%
11
104
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'
:
•
(Dept) coll 7s A
f AExternal
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——
99
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>
■
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1 I''•
M-S
1961
AEstonia
1948
117
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'
'
"r;;:25;'
111
111
v
A-O
5%a 1st series——1969
5%s 2d series—
1969
1947
;
AGtd sink fund 6s
i ^
F-A
•
(
92%
110
•107
J-J
1962
58
91
;
•100%
A-O
-1955
56
59%
51 y4
31
,20%
•103
•
-
A-O
1942
Customs Admin 6%s 2d series
AGtd sink fund 6s
-
'■
J-J
1A Dominican Rep Cust Ad 5Vas—1942
IA 1st series 5%s of 1926—^.1940
IA 2d series sink fund 5'As
1940
Foreign Govt. A Municipal
Agricultural Mtge Bank (Colombia)—
20
.-v./.'-'i
F-A
1952
6s
External gold 5%S—
External gold 4yas
Teletype
'
extl
51%
96%
■
20-year
70
51%
20
J-D
lADenmark
90%
57'A
—
92
M-N
ACzechoslovakia (Rep of) 8s ser A-1951
81 %
53
95
M-N
Rica (Rep of) 7s
1951
(Republic of) 5s of 1914
1949
External loan 4M»a
.1.iqxq
Sinking fund 5%s——————1953
91%
~3
77
ir
>5Q.:A
95
r:
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1977
>
'•
J-D
:
,
81%
59.
-..v>
51%
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High
Low
No.
86%
•50
:
Cuba
Members
86%
57%
W";
>•.
Foreign Securities
Sold
89
M-N
Mtge
Copenhagen (City) '5s————^.1952
■;
25-year gold 4yas-L--——^--.^1953
Wertheim & Co.
rir.rv.:
J-J
1970
s
ASinking fund 17s of 1927^.—.1947
:
Telephone
*83
f.,
i/'iic'r... 1.
Range Slnoe
January 1 *
Bonds
-
w. V
i
A-O
bonds
High
'
_
-
1927——j————Jan 1961
external
AColombia
REctor 2-2300
Range
Friday's
Low
f A6s QM928 - -
114%
or
Bid * Asked
Bale Price
Blgh
Colombia
.1980
Last >v;
Interest
Period
New York City
Corporate Stock
Week's
Friday '
y
New York Stock Exchange
Range Blnee
Jan nary 1
Transit Unification Issue—
3%
NOVEMBER %%,
ENDING
> BONDS'
Last
Bale Prieo
v....
Interest*
Exchange
Stock
York
New
FOR
»
:
Telephone HAnover
2-0050
T-letype N. Y. 1-971
.
2710
11
-
Si,;
THE COMMERCIAL & FINANCIAL CHRONICLE
,
,
Monday, November 25, 1946
NEW YORK BOND RECORD
RANGE FOR WEEK ENDING NOVEMBER
BONDS
New York Stock
Interest
Friday
Last
Period
Exchange
Sale Price
Week's Range
or
Friday's
Bid 8e Asked
Low
Buffalo Rochester 8c
Pgh Ry—■
Stamped modified (interest
3% to May 1, 1947) due
Railroad Reorganization Securities
;
>
4s
Bell
4-4033.
Interest
New York Stock Exchange
Period
(City) 8s
;
(Int
reduced
to
Low
2.375%)
40
2001
1057
(Int reduced to 2%)
48
36
~2
II
M-N
45
1960
(State) 8s_
Stamped pursuant to Plan A
(Int reduced to 2.5%)
1930
/-J
1999
'J-J
Stamped pursuant to Plan A
(Int reduced to 2.5%)———.1999
A7s extl water loan
1956
Stamped pursuant to Plan A
(Int reduced to 2.25%)
63
—
60
M-S
series B
60
54
61
71%
85
64
77
,
—
-1940
A-0
—
1978
A-0
—
A Silesia
r
(Frov of)
A4%s
-1962
*20Vb
J-D
1958
J-D
1955
F-A
—1946
F-A
1960
M-N
*115
M'N
*115
20%
sink
fund
6s
.
II
__
125
123
105
108
110
109%
125
119JA 119'A
118%
125%
113%
118
'
J-J
*113% 114
J-D
*114
114%
1141/2
J-J
*118% 119%
118%
124
A-0
117% 118 %
117%
123%.
112% 112%
111%
116%
104% 105%
103%
121
108
107%
F-A
F-A
1965
123
91
A-0
103% 104 Va
102%
107
F-A
102 Va
102%
105%
F-A
77%
80Ve
92%
83
73
96
90
J-D
F-A
92%
85
108
51%
51%
52%
46%
A-O
14%
14%
14%
A-O
13%
13%
14
10%
10%
87%
33%
33%
53%
52
85
34
37
44%
108
109%
M-N
1959
J-D
53%
J-J
*__
1966
A-0
1961
J-J
1987
J-J
25
6
34
40
26
61%
29%
31
85
24
60%
26
45
23
25
56
21%
«~r~
*46
34
51%
*103
J-J
110
106%
>104% 106%
F-A
108%
105
105 y8105%
105%
F-A
52
104%
-105%
A-O
Champion Paper 8c Fibre deb 3s—1965
Chesapeake 8s Ohio Ry—
106%
88
30 %
J-J
1987
87%
87%
87%
29%
1987
2
108% 108%
108%
1987
registered
109
77 %
1960
4s—
108
119
77%
1965
registered
104%
M-S
1981
<4%% to Aug. 1 1949)
1974
8 A Central RR 8s Banking Co¬
gs stamp (partial
redemption)—1942
20
104%
120
—
—
106
110
J.J
1st & ref series' A
25
11
98 y4
__
105%
*105
A-O
Central N T Power 3s
1974
Central Pacific 1st ref
gtd gold 4s. 1049
-
*120
AExternal sink fund 6s———1964
10
15
102
103%
*103% 103%
M-N
1951
5s .series C
gen
A General
21
16
mum
—
12%
J-D
_1946
A 5s
8
11
9%
9%
♦101
AExternal
109
104
1956
-
8%
1
10
10
M-N
M-N
1958
assented
Sydney (City) s f 5'/2s
AUruguay (Republic) extl 8s
'
8s
A4s
extl 78—
106
1955
Central Illinois
Light 3%S
{ACent New Eng 1st
gtd 4s—
{ACentral of N J gen
gold 5s
(Kingdom)—
extl—..—1962'
sec
85 y*
1974
AChatt Div pur money gold
4s—1951
5 A Mobile Div 1st gold 5s
64
64%
J-J
Stamped pursuant to Plan A
(Int reduced to 3.5%)—
A7s
56%
107%
104
1976
Corp 3%s debs
A Ref
Stamped pursuant to Plan A
Serbs Croats 8s Slovenes
A8s secured external
105
.
69%
61%
55
J-J
2012
—
J-J
1968
(Int reduced to 2%)
IA Secured h t 7s
105
A Cent Branch
U P 1st gold 4s
1948
{Central of Georgia
Ry—
'
§Alst mtge 5bl_
Nov 1945
8 AConsol gold 5s
i,
1945
A Ref 8s
gen 5%s series B
1959
71
55
J-J
2004
A 6s extl dollar loan
Celotex
71
60
J-J
1950
A8s external
71
67
—
M3s
Can Pac Ry 4% deb stk
perpetual
Carolina Clinch 8s Ohio 4s
Cart 8s Adir 1st
gtd gold 4s
Celanese Corp 3s debs
43
36
2012
f ASan Paulo
.
93
30%
Guaranteed gold 4%s
Guaranteed gold 4 %s
Guaranteed gold 4% s
54
48
—
—
High
Stamped pursuant to Plan A
vs;
93
gtd 5s A
1902
Canadian National
gold 4%s
1957
Guaranteed gold 58
Oct 1969
Guaranteed gold 5s
—1970
-
f
s
*105
,
January 1
Sold
NO.
Low
*:
Range Sine#
Bonds
Bid A Asked
High
Sale Price
jf-N
Stamped pursuant to Plan A
A6%s extl secured
92%
58
1955
Power 1st
Calif Oregon Power 3
Vis
Canada Southern cons
Week's Range
Last .•••'„
or Friday's
'V '
> \
60
30%
Teletype—NY 1-310
Friday
BONDS
:-i
70'A
35
1952
-
Consolidated 5s
Bush Term
Bldgs 5s gtd
California Elec
IA San Paulo
63%
35
New York 6
f 61 Broadway
Telephone—DIgby
1st
High
1957
Certificates of deposit
Bush Terminal
York Stock Exchange
Members New
•
Low
1934
Cedar* Rap 8s Nor—
{ A 1st 8s Coll 58
A
Range Sine#
January 1
8old
at
{Burlington
PFLUGFELDER, BAMPTON & RUST
Bonds
NO.
High
103%
.
113
50
—
102
106
151%
107 y4
*
3%s-4-4
Va%
($ bonds of
1037)—
External readjustment——1979
''
.
External conversion—i*—-.1979
4As extl conv
1978
37/a-4Vs
86%
96%
95%
M-N
80
87
General gold 4%s
Ref & impt mtge 3y2s D
j
99%
Ref &
M-N
96%
96 >A
J-D
97%
97%
12
86
8
90
A4Vas
assented
1978
:_1984
1958
.-1958
-
99% 100
*88
89
83
91
F-A
*__
10%
18
21%
*9
13%
7%
—
Alabama
Great
Alabama
M-S
047
Power
Southern
3V«s.
.1967
1st mtge 3H2S—
1972
8s Susquehanna RR 4%s1—1075
18
126
3
*122
124
— —
u2949
A-O
General 4s
—1—1958
1st & ref 4%s series B
;—1977
1st & ref mtge 3yas_
1985
Albany
Alleghany 8s West 1st gtd 4s
A-0
.1908
M-S
Am 8s Foreign Pow deb 5s
-2030
M-a
American Telephone 8s
105%
1U9%
*104
A-0
-1956
103%
106%
111
114
116%
A Gen inc
Co.—
Allis-Chalraers Mfg 2s
debs
...
*98
97
106%
5
104
101
106% 107%
debentures
-1956
-1980
2%s
debentures
2%s
M-S
110
mtge 4%s
F-A
'"99%
A-0
100%
debentures———
1975
2%s debentures
2%s
—
debs wl——
Amer Tobacco Co deb 3s
conv
J-J
107%
1st mtge 4s ser
100%
112%
4%s
19
102%
105%
33
103%
107%
loo
97%
158
98%
113
A-O
103%
103% 104
-1969
'
A-0
104%
104% 105%
3,308
Q.J
Stamped 4s
-July 11995
Atl Knox 8s Nor 1st gold 5s——1946
8c Charlotte Air Lino
100
100
95%
inc
conv
—1948
debs——I960
2nd
:
5
mtge
inc
conv
95%
7
95%
94
A-0
127%
127% 128%
NOV
44
126%
*115"
M-N
141
V"
"
due—
13
114
due
I
*105%
•
'
*'
:
i
104% 107
"
M-S
104%
J-D
"35
104% 105%
/104%
J.J
35
"
104% 105%
-
'
57;
-:
37 Ya
*28%
J-J
•
0161%
;
3
a
Con ref 4s
94%
4s
12
•
49
94%
98
94%
94%
101
40
98
64%
64%
69%
105%
J-J
94%
-
53
94
105 '
59
64%
64
64 "
64
69
60
n
—1967
1955
AInc
mtge 4 Vis
93%
7
58
Bklyn Edison cons M 3 y«s
Bklyn Union El 1st gold 5s
Bklyn Union Gas 6s series
48
s
f
92
93
93
93%
97
—
Apr
J-J
footnotes
see
97
09
88 y4
90%
page
2713,
99 y4
99 lA
2
99
96%
98 y4
107
71
53%
64
A-O
43%
47%
38'A
M-S
51
53%
43
81
M-N
23
26 y2
19%
39%
gold
deposit
67%
—;—
4 % s———1960
^—1951
101%
*101% 105
J-D
J-D
■
'
i
-
106%
92 Va
72%
110
100% 103
J-D
:<■
98%
98%
98%
106
107%
'
•
93%
94i/a
83%
J-J
83
83
83
J-J
104
105% 105 %
J-J
104
<
102%
104
100
108%
iosy»
...
105%
106% 106'A
105%
112 y8
t
J-J
M-S
105 Va 105'A
105
107%
42%
*46
63
1943
1957
A-O
1952
M-N
1975
A-O
*103% 103%
102%
F-A
♦111%
111%
113%
102% 103'/s
102%
107 Ya
99 Vz
99'A
84'A
81
108 V*
98
121
8s. Gulf cons 5s
A-O
■■■■rf.
v
i
M-S
>;■
-
M-N
4
F-A
M-N
J-D
\
.
w
'
*_.
*
83%
J-D
83%
J-D
42%
—
66
—
98
J-D
62
1977
J-J
1991
J-J
&
impt 4%s series E
89
104%
90
104
Cin Wab
4
'
?
4
"""
8s
1st
Cleveland
f
M
Elec
Div
1st
4s_.
95%
105 y.
Cleve Short Line ,1st gtd 4%s—.1961
99%
*92
-
105
100
109
102%
106%
Columbus & H V 1st extl gold. 4s.. 1948
Columbus 8s Sou Ohio El 3 Vis..,—.1970
100
106%
Columbus & Toi
104
Commonwealth Edison Co—
84
58%
67
50
39
40%
103% 104
29
39
9
103%
3
Colorado & Southern Ry—
4%s (stamped modified)^-
84%
85
'
Elec 3Vis
*106
101% 101%
*106 Va
T.v-.
'•'5
105%
Conn River Powr s f
106%
Consolidated
101%
106 y8
Consolidated Edison of New
105%
107 y8
Cigar
_
--1951
Corp
3y4S__--1965
**104'A"'—.
A-0
*115 y4
f
-L
__
--
--
♦
J-J
3%s
debentures
—194»
100
100%
€
99%
100%
3%s
debentures
"5b
102 % 102%
3
101%
106%
3%s' debentures
iaDa
A-O
45%
•
-
84%
103%
105
106%,
111%
108%
...
316
—
lie
107 «A
106%
110
110
111
106% 107 Va
105%
107 Va
-*102% 104%
102%
105 %
107 V
**108
100%
104%
104 y2 104%
100% 103
ioo%ioiy8
102% 102%
A-O
JJ
110
108%
102 y4
53%
Y<>rl£—
M-N
—
F-A
105%
10434308%;
; 103%" 103%
—
7
J-J
107 yr ii6%
106% 106%
-*108%
F-A
F-A
3%s A—.—1961
.
106%
104
107 " 107
52%
'.A-O
"M-S
1st extl 4s_--——1955
J
103%
M-S
-
1st mtge 3s series L
Conn Ry 8s L 1st 8s ref 4%s
103
~
^^05%;i05%
M-N
*—19°0
C
100
107% 110%
108'A
*107% 110
A-0
debs—1971
106%
F-A
noy2
•'
t
106%
A-O
——1977
'105%
24
93%
95
*103
A-O
07
2
74
99
f 108
108'A
A-O
Cleve Union Term, gtd 5%s_—
.1972
1st 8 1 5s series .B gtd—^-—1973
&
74 y*
F-A
127% 133%
100
87
74'A
J-J
104 Vc
^
72%
-99
M-N
95
Columbia Gas
99%
80%
—
Series C;3%s. gtd—J—-1948
Series D 3%8 .gtd—■ fc»-1950
1st s I 4%s series C
107%
76
M-N
coll tr gold 4S—1990
Ilium 3s—«
—1970
Cleveland A Pittsburgh RR
63
100
*119
1993
1
M-N
M-S
102%
F-A
General 5s series B
100
58
65 y2
w
99
86
'
i
101
*
*46%
■
Cleve Cln Chic 8s St Louis Ry—
General gold. 4s.
——1993
103
15
*92
1969
60
59
City Ice & Fuel 2%s debs .——1966
City Investing Co 4s debs
—1961
"
29
102% 103
1950
114
74
.
A-O
Gen
mtge 2Vis
1976
Buffalo Niagara El 1st
mtge 2%s_1975
For
97
'
M-N
—1947
78%
F-A
——-1988
"100
J-J
1966
A
75 '/a
8s Pacific Ry—
—.
1st mtge gtd 3%s series E——1969
1st mtge 2%s ser G
1974
96%
42%,
57
-
97%
*128% 129%
1955
debentures
55%
70%
St L Div
J-J
July 1970
tABoston 8s N Y Air L 1st 4s
105%
107 Va
48
-
*55%
98%
58
-f: t
64
312
94 :■
92
V"!"'
1960
ser A
58
74%
Apr
2044
Ref
1961
1st gold 4%s series JJ
1st mtge 4s series .RR
279
80
110%
103%
8
54
83
•
68%
47% .52
';v
1970
-
98%
68 Va
^
4s—u
Cine Gas & Elec 1st mtge 2%s
Cincinnati Union Terminal—
70% 103:.
,,
137
"
.48% 1
1959
I
79
Apr
57
31
3
104% 105
J-J
—
1951
ser
99
J-J
99
r
mtge 2%s
16
113
62
40%
99
{8 AChilds Co deh 5a part paid
8 A Debentures 5s part paid
107%
136
;
Beneficial Indus Loan 2VisBethlehem Steel Corp—
Cons
60
39%
J-J
1st & ref M 2%-4V4S___—--1994
•
stamped
Boston 8s Maine 1st 5s A C
1st M 5s series II——
99%
83
Income 2%-4%s—-————.1994
Chicago Union Station—
1st mtge 3yes series F
1963
38%
O
1930
—
84%
38
{AChoctaw'Ok
———1951
Beech Creek Extension 1st 3%a
19S1
Bell Telephone of Pa 5s series C—1960
,
21
63
Chicago Terre Haute & 8'eastern W
>£.'■
35
29%
?
Bangor 8s Aroostook RR—
,
86%
47%
Memphis Div 1st gold 4s~i—-—1951
«.
£ 103
113
7 101% 118%.
30%
101% 101 y4
1951
Toledo Cln Div ref 4s A——
86
45%
1st mtge 2%s ser G
1963
Chic & West Indiana conv 4s„.—1952
1st 8s ref 4Vis series D
1962
35
j-J
Feb 11960
to Jan 1 1947) due
86
46%
J-J
1989
Gold 3%S
M-N
S'west Div 1st M (int at 3%%
,jw '
88
104ys
144
'
Chicago St L & New Orleans 5s—1951
-2000
V.Pgh L E & W Va 8ystem—
Ref gold 4s extended to
140
m-mm
•
».
A Certificates, of
131%
J-D
Ref 8s gen ser.F (Int at 1% to 3
Sep 1 1946) due
1996
A Conv
94%
——
8ARefunding gold 4s———-—1934
IA Secured 4y2s series A——1952
.
113% 124%
115 Va 116%
.'to Dec 1 1946) due
—T—1995
Ref 8s gen ser D (Int at
1% to
Sep 1 1946)
86%
*-^
*140
J-J
A General
mtge gold (int at 4% to
Oct 1 1946) due
July 1948
Ref 8s gen ser A (int at X% to.
;
-Dec 1 1946) due
1995
v
36%
J-J
Railways 1st 5s stpd '
partial redemption—i.—1927
25%
104
1st
•
80
'
J-J
—
.v" '
40
M-N
4%s—Jan 11999
{Chicago Rock Island
4s
July 1948
Stamped modified bonds—.
(Int at iy#%
103%
38%
38%
106 y4
96
A Cony
C
mtge gold
Ref 8s gen ser C
119%
99%
{SAChicago
92%»100
Baltimore & Ohio RR—
1st
109
5
21
M-N
1 2019
B—i-Jan 1
ser
Chicago & North -Western Ry—*
Ry—
1st mortgage 3%s
———-1963
Atlantic Coast 1st cons 4s
July 1952
•
General unified 4%s A—*.—1964
Atlantic 8s Danville Ry 1st 4s—.1948
10
98%
'
Au——uw*,—-1994
Gen mtge 4%s Inc ser A Jan
1st mtge 3s ser B
Nitrate
mortgage 4s
Refining 2% a
107%.
109
100%
97%
-1962
Atchison Topeka 8s Santa Fe—
General
4s——
.1995
Adjustment gold 4s
July 11995
Second
99%
109% 111%
Ann Arbor 1st gold 4s————1995
r
307
100
97%
Jan
Atlantic
99% 100%
110%
64%
119%
98
--
J-J
A 1st mtge 4s inc ser A—l——1983
A 2d mtge 4V2 inc ser
A-it-v-i—2003
Chicago Ind 8s Sou 50-year 4s
1956
Chic Milw St Paul 8s Pac RR—
159%
J-D
deb——1967
Atlanta
118%
-1961
3s debentures—
A Anglo-Chilean
-1986
233
•
109%
100% 100%
F-A
F-A
-Jan 12038
{Chicago Ind & Louisville Ry—
118% 122%
119
31
10
111% 112 Va
F-A
-1970
,
3s conv
Tel<$raph
189
40
111%
111
101%
101%
*100% 101%
38%
39
j-J
Chicago 8s Eastern 111 RR—
A Gen
mtge inc (conv)
1997
1st mtge. 3%s ier B
-1985
Chicago & Erie 1st gold 5s
1982
Chicago Gt West'1st 4s series'AL—1988
103%
104% 104%
104%
J.J
135%
126
J-J
,
107% 107%
M-N
107%
126
J-J
1st & ref mtge 27/as
100
100% 100%
104%
1989
105%
F-A
Chicago Burlington 8s Quincy RR—
104% 105%
*100% 104%
J-D
105
.1989
RAILROAD AND INDUSTRIAL COMPANIES
Adams Express coll
Coll trust 4s of
136
11
19
R 8s A Div 1st cons
gold 4S
2d consol gold. 4s
99%
J-J
F-A
M-N
t A Chicago & Alton RR ref 3a
100
F-A
2
105% 105%
105% 105%
138% 138%
M-S
-1996
,
4-4%-4 %s extl readjustment
3VaS extl readjustment
AWarsaw (City) external 7s—
1992
—1996
impt M^^js series E
100
4
101% 104%
;
104% 106%,
(Volume 164
3?HE COMMERCIAL & FINANCIAL CHRONICLE
Number 4545-
2711
NEW YORK BOND RECORD
RANGE FOR WEEK ENDING NOVEMBER 26
i:;; "J-.
BONDS
x'-
.
Friday
Last
Interest
New York Stock Exehangs
Period
a
or
Low
{AConsol Ry non-conv deb 4s_-__1954
A Debenture
4s
A Debenture
4s
Consumers
Crucible
a
39%
J-J
Baking
Steel
3s
3y4s
J-J
mtge 27aS-_1975
A
1st
Deposit
A7'/2S
A 6s
1965*
1955
debs
104
V
J-J
1942
debs
f
s
j-d
1st 5%s
102%
35
Illinois Terminal Ry 4s ser A
Ind 111 & Iowa 1st gold 4s
61
5s
gold
1952
J-J
-
61
50
1946
ioi y4
\ '
44
j-d
44
——
j-d
-
2
PO
A
52
44%
43
Bangs Bines
January 1
Sold
>>
.
100
5
95
104
3
104
104
.
,
No.
6s
'
J-J
"A-O
1952
series A
July 1952
1950
,
"(•
J-J
r
'
A-O
I-
-
M-N
-
98
553A
54%
163A
55
•
97%
96%
;/ 52 '•'.
JS
,
•
50
51
94%:' • 94% 95
*102% >.
92
50
52
->'
t
.
,
18* :*'21
-iii.-.*— •
5iy«
'18y«
J-J
58y4
55%
55%
.
:
106
105'A 107 8/a
22
106%
106
106%
t
—mm
'
s'
•
High
Low
100
,
t
; il-O
a 1st
53%
53
-
J-J
;
gold 5s .series C
.*1956
§AInternat Hydro El deb' 6s
;
1944
Int Rys Cent Amer 1st 5s B-—.1972
86
r
1st
Adjustment 6s series A
4 A 1st 5s Beries B
*48%
43
..
1950
a
40
5
44
*43
•
55 Vi
80
'
44
J-J
1970
Indianapolis Union Ry Co—
o.
Ref & imp 2%s ser C
1986
Inland Steel 1st mtge 3s series F—1961
{International Great Northern Rjtv- - -
46
'•
2
-
84%
*82%
104
Bonds
High
.
106
lOl'/a
52
mmmm
;
■„
'
'mmmm
—-
76
75
103% 108%
y;
8 ■:
1
Exchange
Low
76
36
5
40
102% 102%
Stock
High
33 "•
39%
J-D
receipts
deposit rets
deposit
B
4
104 V*
104
'
,
ser A
ser
Low
..rv.,.,5
39%
— mm
MS
Deposit receipts
RR
39%
*36
York
January 1
NO.
■
J-J
„
1956
s
1st
{ACuba Northern Ry
ACuba
High
New
Bangs Sines
Sold
•
1955
-
Power
Continental
i
Bonds
Week's Sun
or Friday's
Bid & Asked
Friday
Laet
Bale Fries
BONDS
Friday's
Bid & Asked
SalePrios
Interest
Farted
Week's Bangs
92
937a 101%
:
105
100
D
Dayton Pr to Lt 1st mtge 2%s
Dayton Union Ry 3%s series B
1975
1965
J
a-o
J-D
Deere to Co. 2%s debs
1965
1963
^
m-n
Delaware, Lack
N Y
Lack
1st
A
&
to
&
ref
income
West
RR
Western
M
5s
-
193%.
1-
Co—
102V8 103%
^ *103%
■-.
94
'•■';•
94
...
due_.
*85'%
89%
m-n
47'%
50'A
32
55
59%
82
May 12042
..
Delaware Power & Light 3s
to Rio Grande RR—
-1975
55
«
— mm
a-o
Kanawha to Mich 1st gtd gold 4s—1990
Kansas City Fort Scott to Mem, Ry~
v'
consol
4s
j-j
50
57%
67%
47
73%
108%
62
SAConsol gold 4%s
1936
{Denver & Rio Grande Western RR—
j-j
—
6iy8
63%
A General s f 5s
f-a
,
-
impt 5s series B
1966
SARefunding gtd 4s__.
Detroit & Mackinac 1st lien gold 48-1995
A Second
gold 4s
1995
J-D
106%
Detroit Term to Tunnel 4 Vis
1961
Det Tol & Ironton RR 2% ser B—1976
tSADul Sou Shore to Atl gold 58—1937
—
J-J
M 3S-
a
'mm
'
79 3A
80
29'A
„
6%.
29'A
42%
76
12
106%
106 y8
106%
12
60
—
57
75
45%
1097a
92 ,'-f
109 i
110%
91%
A 1st
1970
m-s
1965
a-o'
iflft.a
a-o
5s
starhped—^
Erie Railroad Co—
Gen
1st
mtge
cons
4%s
inc
mtge 3%s
series
A
J-D
2015
*15272
,
,
*101
——
2
120 % 122%
105
157
mm'mm
102
* 102%
I
105
106%
mm'mm
'
Div
1st
J-J
1953
—
*111%
<
79
787a
111
8 F
127 3A
112
124%
eaaf
*—
— —
m-s
75
103
92
«...
101
1974
A 1st to ref 5s series A
.
A
Certificates of deposit
Francisco Sugar coll trust 6s
M-N
100%
jloo
■
M-S
•
M-N
1997;
1964
1959
5s
1949
100
'
65
107
*_.
J-D
conv
38
59
-
1969
M-S
Goodrich
(B F) Co 1st mtge 2%s_1965
Grays Point Term 1st gtd 5s
1947
-90
101 Va
2
77
.
5s
Deo
A-O
101%
*102'/a 103
105%
102%
42
General
4Vis series D
Gen mtge 3Vis ser N
Gen
Gen
mtge 2%s
ser
Q
85
J-J
101
100 % 101%
33
99%
100%
101 Va 101%
6
99
94%
1
2010
J-J
89
89
3
86
1961
-
95%
J-J
Feb
7
1969
1976
1st M 2%s
A-0
17%
101
102%
104%
107 'A
2
100
.19
79%
10
77
104 %
''r 100
100%
18
98
104
98%
101%
101
J-J
.79
7
5
103
101
A-O
J-J
2015
99%
65
25
IV2
103
91%
95%
27
96
81
*60
Feb
„
Gen mtge inc 5s series A
1st & ref 33As series D
M-N
■
::
*98 Vi
IWL..
99%
,
'Ml...
zmt...
H
^78S-
1976
Hocking Valley Ry 1st 4%s{JAHousatonic Ry cons gold 5s—
Household Finance Corp 2%s
Hudson Coal 1st s f 5s series A—
1999
j-j
1937
m-n
1970
j-j
1962
j-d
Hudson Co Gas 1st gold 5s_
1949
m-n
1957
f-a
mtge
•
66
68%
.'si
76%
76%
*
14
;
Jtf-N
37%
40%
35
40%
44J/a
■
/
,*"*
11
38
'p5
25
-
36
' --41
^
50
A-O
17
*127%
A-O
•.
—
'M-m
;
I'-
<t>L
v
105% 107%
c
107%
107%
114 ■ 120 ■
103% 106 V*
104% 107%
104
*104% 104%
104% 104 V*
M-S
M-S
104 y#
115%
*114
F-A
12
103% 104 %
103%
i\A-0
1
US
106% 106%
:^,2003
; a-O
A-O
105% 105%
95% 96%
21
M-S
104 »/4 104 »/4
10
.
1st to ref M 3%s series F
1st & ref M 2%s ser G_
.
.
;
19
113%
105
2f
105
94
102% 106 :
-y
111% no
*111% 115
M-N
73%
94%
128 Y 136%
114% 120%
118
118
if-s
•
62%
69
75
118
2003
St Louis Div 2d gold 3j&——1980
Atl Knox & Cine Div 4s
1955
,
-
8
114% 114%
118
,
v
60
35%
24
75%
66
40 y*
%50
i^lO
49
,
49
$
31:
35y«
■x
..
.
99
.87%
V 96%
.
75
x.
41
40%
.s
n:."-
V
A-O
1949
68
-
v.:'_ >"'
75
I
M4I
96
83
•:
'
■
gtd—1965 "
Mi.',
;,i
93- *
v"*. ■*'
c
M-N
.
;
128
J-J
94% 100%
1959
Gulf Mobile & Ohio 4s series B——1975
±D\J
66
76%
F-A
107
94%
Greyhound Corp 3s debs
—vvi
85
98%
9974
66%
85
107
J-J
AGreen Bay to West deb ctfs A
ADebentures ctfs B
"
83%
97
1
102
100
■:>
y 10
85»/4
"
134'/a
J-J
—
Gen mtge 2Vis ser R
Gulf States Util
120
.1982
mtge 3 Vis Ser O—
mtge 2%s ser P
iivi
F-A
stamped modified
2003
4s-.registered -i.—_
2009/;
4Vas stamped; modified..—-.2003
-■« 4%s
registered
.2003,
5s stamped modified
^.....—2003
'
100% 100%
13
101
100
t;
^^1974 >> -
1950
88
108
100
1 B
85%
4s
129% 140%
4
—>2000
1990
Gen
9
122Vi 122Vi
122 Vi
J-J
115% 122%
129% 129%
J-J
1976
12
:W
M-:
*100%
•
100
Louisville to Nash/ille Brt-r.
102%
116% 116%
116%
J-J
-X—
Lehigh Valley RR— :■■■:;>,
.
115 y4
66
F-A
..1974
,
1157a
'
y-r
F-A
Guaranteed ref gold 4s—1949
4s stamped
1949
Lorillard (P) Co deb 5s
1951
3s debentures ' J
.—'—-----1963
Louisville Gas & Elec 3%S4&-».-—1966
89
100
100
—1964.
stampecu—
99
."/V y;.-'
Liggett to Myers Tobacco 5s.——1951
Little Miami gen 4s series A
—1962
108
71
34
101 y4101%
J-D
Great Northern Ry Co—
General 5Vis series B
—1952
General 5s series C
——1973
5%
I7/.
104
2
77
77
1954
Lex & Eastman 1st 50-yr 5b
88%
64%
101%
71
72
.M-N
y
'
mmmm''
*
fjehigh Valleys^TCrmlnal Ry^tUS-i&5l g
104
Corp—
inc debs
3
101%
100
1
-
A4s
;
J-D
-.1954
stamped:--.
Lehigh Valley N Y 4%s ext.
106 v*
Li
Utilities
5
J-D
.
,
Realty &
188
107
102 y4
12
2%
2%
X:
M-S
112
180
-102 y4 102%
102%
A-O
1970.
mtge 3%s ser A_—
Long Island unified 4s—
General
.112
*17.7.'! i-;
1975
mtge income reg__
<,->>'
Gas to Elec of Berg Co cons 5s
1
103% 106%
-
,
65
107
64%:
64
*—
1950
1
103% 403%
*100 y4102
;
i
123%
122
72
65%
108%
108
109
*105
A-O
Leh Val Harbor Term gtd 5s.——1954.
106
100%
mmmm
—
—
106
<
J-D
09%
104 %. 107 V*
6
*112
J-J
-
t'-;jSg;;atAmpe(l twa,*.;.*
1067a
95%
——
<
1st to ref sink fund 5s—
103'A
,
1959
64
;
*107
J-J
1961
1st & ref sink fund 5s——_.... 1964
<
1961
105
J-J
J-J
gold 3%S—i-1997
1-1997
1st & ref sink, fund 5s-v.—
*
*
Firestone Tire to Rub 3s deb
{Florida East Coast 1st 4%s
122
122
Lehigh. Valley-Coal Co^#
.
82
935/a
*_-
*105%
■ •;
«...
81%
957a
*—
——
m
V
..
*97%
—-
m-s
.1971.
-
i
J-J
2000
mtge 3'As
v
A-O
1990
*112% 114%
«...
i-
J-J
Lehigh Coal & Navigation Co—
t
155
—
1013A
105
j-j
1964
E
ser
1st cons mtge 3ya&«Rer p
1st cons mtge 3Vis ser G
1st cons 2s ser H
1
Ohio
120'A 120%
•
to S W 1st 5s
,:X
101% 101%
■:*->■< 105 ; >
101%
A-O
104% 1067a
Lautaro Nitrate-Co Ltd—<
Elgin Joliet & East Ry 3'As
A-O
83y4
70%
104% 107 V*
54
17
fir
El Paso
.104% 104%
85 Ye
71
~l
98%
32
3%s registered-
J-J
76%
*73
120%
18
10
105 3A 106'A
M-N
105%
53%
Lake Sh & Mich Sou
East Tenn Va to Ga Div 1st 5s„_-1956
Ed El III (NY) 1st cons
gold 5s
1995
Electric Auto-Lite 2fts debs
1950
105
103%
107% 109%
75%
75%
A-O
>—>1961
unguaranteed
Kings Couhty El L to F 6sJ—
Koppers Co 1st mtge 3s
{AKreuger to Toll 5s ctfs
33%- 33%
'mm
108%
102 y4
13
28
.rnmmmmm
——
4%s
110%
60
Certificates .of
plain
'
109
5
*—
——
j-j
7
5
92
m-n
-4-1965
54
....
58%
>
48%
96
108%
*50
—
m-s
Duquesne Light 1st
7%
106% 1067a
——
j-d
10
*105 ^
:
A-O
1936
deposit
Kansas City Southern Ry; 1st 3s_—1950
1st mtge 4s ser. A
1
1975
Kansas City Terminal Ry 2%s—*>1974
Kentucky Central gold AS-.—
1987
Kentucky & Ind Term 4%s
1961
Stamped —-u—
«
—>1961
1107a
46
6
7%
*108.
J-D
74
56
108
108
m-s
1970
7
6%
56
—
a-o
——1965
Gen to ref mtge 3Vis series G
Gen to ref 3s series H
>.
a-o
1978
Detroit Edison 4s series F
7
f-a
-1955
i
A Assented
A Ref to
85y8 102%
mm mm
K
45
„
*106% 1071/4
1936
^
J-J
69% 106 ;
mmrn
{Denver
SAlst
A-O
—
'•
m-n
1993
-
Morris to Essex division
Coll tr 4-6s—
3%s
:
*87% 91%
102% 102%
103% 104
»
M-S
'
'
1
J-D
.>1976
—1961
89% 1077a
/v
(
.
llnsn
•
& St. 27/8S
Jones to Laughlln Steel
106%
102
30
95
f.
•
James Frankl & Clear 1st 4a.
107%
Jersey Central Pow
20
1973
*
102%
V1:
,
,
103'% 104
;?■
y
y15
.
—
div
C
ser
mtge
-l.)
mm mm
A-O
Delaware & Hudson 4s extended
'■•.
-
-
—
1957
-
m-s
■
10
99%
*135% 138
mmmm
993A
104
135'%
150
lOO:
•»«.
104%
*90
79%
mmmm
99
8
78'%
mmmm
95
"98%
mmmm
80
45
75%
*—.
109%
104
56%
*110
— —
57
a-o
99%
56%
,
21%
21%
60%
-
i
94
113%
80%
45 '
A Gen
*91
M-N
.
.
'*71
'-->
'
104%
M-N
A-O
'
*100%
M-S
A-O
»
92%
46
47%
1962
J-J
78%
78%
82
40-year 4s series B——.—,—1962
Prior lien 4%s series D
1978
J-J
70
71%
J-J
69%r 72
ACum
-r
adjust 5s series A—Jan 1967
P.
\
'r ■"{ X i/•'
^
.69%
66%
166%
84
101%
-'75:
•68
:
"26
-
96%
69%"? 98%
66%
25
72
'
80% 101
13
...
106%
87.
40
19
'J;
\
101 Vz 108
96
;
107
109% 113 "
56%
97. ;
;
1
120
89
87
A-O
;x
33
87
v
,
•
92%
46
J-J
J-J
pmlm
5
109% 109%
*46
56%
J-D
Missouri-Kansas-Texas RR—
Prior lien 5s series A
4
ll
98'/#
*— ^
109%
M-S
28%
19
100% 102
->
102% 102%
M-N
J-J
Sault Ste Marie— •
Jan 1971
Jan 1991
1990
103% 104
104
108%
99% 103%
104% 104%
100% 101%
*19
20
^
75'";
71
100
103%
"
»
F-A
27
' 91%
91
M-N
J-D
mtge 4%s inc ser A
mtge 4s inc ser A
Mo Kansas to Texas 1st 4s
1st
89%
73
101
103
87%
96
J-D
"
Minn St Paul &
104'A,
21%
219
23%
98%
M
J-D
4J/2s ser A——1960
1st mtge to coll 4s ser B
..—1954 '
Manati Sugar 4s sink fund—Feb 11957
AManila RR (Southern Lines! 4s__1959
Mead Corp 1st mtge 3s.J
—1966
Metropolitan Edison 1st mtge 2%s.l974"
Metrop Wat Sew & Drain 5%s.—1950
fgAMet West Side El (Chic) 4s—1938
Michigan Central—
Jack Lans & Sag 3%s
1951
1st gold 3%s
1952
Ref to impt 4J/2S series C_
1979
Michigan Cons Gas 1st mtge 3%s.l969
{gAMidland of N J 1st ext 5s——1940
Maine Central RR
114%
68
102%
V
'
{Missouri Pacific RR Co—
^
A 1st to ref 5s series A—..
-
Hiinois Bell Telftp 2%s series A
Illinois Central RR—
t
1st
.
t
>
;
*
''♦102
J-J
J-J
*101Vi
A-O
*101 %
m-s
94%
15
88
-
107
101%
•: 10
^-99
r
106 V
',-*V 8
88
•1 12
93
101
"
'94
M-N
99%
..-..-1966
F- A
75
—1950
J-D
3s—^—1951
3s*.
1951
Springfield Div 1st gold 3Vis
Western Lines 1st gold 4s
Registered
i.
74
1
J-J
V
For
footnotes
see
page
...
v.
78%
112
f: *95y.
J-J
F-A
101
*
' 108%
'
97%
.
107%
102
102%
97% 106
,93% 103
93% 102%
6
-
*93%
98%
J-J
i-
97%
104%
:
72%
106
■
98%
97
A Conv gold 5%s
A 1st to ref gold 5s
Alst to ref 5& series
.27%:
M-S
70%
'..70%
M-N
17%
70Va
1^-^-^.1981
T-A
Moh'k WMalone 1st gtd bold 4s«>»1991
Monongahela .Ry 3 Vis series B
1966
Montreal Tramways 5s ext.'——i.1951.
Morrell (John) to Co 3s debs
1958
Morris to Essex -1st gtd 3% s—2000
i
Conatr M 5s series A
1955
Constr M 4%s series B
1955
Mountain States Tel to Tel 2%s—1986.
Mutual Fuel Gas 1st gtd 6s
1947
J-D
83%
2713.
J-D
71
^•x
75
68
290
21
76%
<
'&■ 53 y
64
<
:•
64 Vi
■65% 103
103
-
46%
14%
66% 103
65% 102%
^
73
72J
M-S
105% 105%
F-A
C
J-J
'
•101% io3 y4
M-N
57%
J-D
.70
«;
M-N
M-N
.
-1
,61%
,
103% 103%
57 A 58%
70
71
61%
62ye
99
105. V:
99
us
•
U-N
;
98%
»
8
72
94
.
::: vi>r.-
105% 106%
■•'
100
1: P.
•l0v>?i
•
103
102% 103%
74%
16
55
24.;?^
65%
89%
58 y4
83%
X- 24
4i:
98% 102 y4
103% 103%
106%
100%
87%
,
71
x-
.
90%
45
79
106%
Nashville Chattanooga to St Louie—
1st mtge 3s ser B
.1986
National Dairy Products 2%s debs.1970
83%
85%
18
76%
102.-
National Steel 1st mtge 3s
1965
A-O
70%
96y4
{ANaugatuck RR 1st gold 4s
1954
M-N
•
1963
„1963
70%. 75
•
18%
•70%'
-
106 y4
90
J.mm
*98% 101%
37%
•
*23%
108
,
N
*99% 105
J-D
244
M-N
-»iooy«
1963
372
76
70%
A-O
——^——1949
"30 •:• •"'
30%
26%
:
series H.—1980
'
1st ref 5s series A
1st to ref 4%s series C1st ref mtge 4s ser D___
94
100':
*99-- 102
J-J
1951
.
97%
F-A
HI Cent and Chic St L to N O—
Joint
91% 108
*107%
J-J
1951
•
99
'
Gold 3Vis
t
100 Vi 104 y#
-f
99%
M-N
Louisville Div & Term gold 3%S-1953
Omaha Div 1st gold
....1951
8t Louis Div to Term
gold 3s
1951
■/
•
*97'A
J-J
—1953'
5
gold
110
100% 104%
v94%
M-N
——1952
\
1st
104
70%
M-S
to ref 5S series F——.—1977
A 1st to ref 5s« series G_;
1978
-i
70% ,76%
F-A
A 1st
*68%
A-O
—>1955
£dS£goid 48
108%
*
1955-
—
Refunding 5s40-year 4%s-u
103
,
1951
4s—
Purchased lines 3Vis——
Collateral trust gold 4s
Litchfield Div
103 % 103%
103 %
.1951
I
Extended 1st fcold 3%#—1951
1st gold 38 sterling
—>—.1951
Collateral trust gold 48——1952
Refunding
.
J-J
t
gold 4s—
1st gold 3'/is
v
1981
.
1965
.4—,**1975
A General 4s
i
:
*98
F-A
J-D
-
98
; 99%
103%
105%
102%
102% 102'/a
58
101%
104%
104
104%
36
103% 106%
♦100
~
106
110
Monday/November 25, 194« *7
Friday
BONDSpp
Interest
Last
Period
N«fi York Stock Exchange
•ale Price
Friday
Week's Range
or
L*.t
Friday's
ItUPrlM
Bid A Asked
low
5s
IIANew England RR gtd 5s
*106%
1
1
Consol
Gas
cons
Bid * Asked
Low
High
_
Newark
Week's Range
or Fridays.
High
102% 102%
63
—
*38
I A Consol
65
40%
107%
106
gtd 4s
New England Tel & Tel 5s A
1st gtd 4%s series B——;
1
N
1
137
142%
1
125%
135
New Orleans Great Nor 5s A
J
N O & N E 1st ref &
Imp 4%s—-J
New Orleans Term 1st
105%
108%
_
,
102%
*106%
—
98% 105%
1027/. 103%
-
1
J Junction RR gtd 1st 4s
New Jersey P 8c L 1st mtge 3s
102%
108
INew
Orleans
Texas 8c
103 *A
1
Mexico RF
A 1st
81%
A
B
Certificates
1st
5s
series
of
A 1st 4%s series
A
5%s
ACertlficates pi
N
Y
Central RR 4s series A
8c impt 4%s series
A_
65
Ref
Ref
y
8c
90 '
3Vis
registered
Lake Shore coll
gold 3 Vis
3Vis registered
Mich Cent coll
York Chicago
<x
it,
>:'•
*V
N Y
77
100
95
74
73%
97%
103%
106
73%-
80
93%
102%
106
74
*—
102% 104%
»
99% 105
98%
*■*' '*
98
*98 %
F-——
98%
99%
93% 100%
?
98"%
102
102
103% 103%
*105% 106 %
102% 104%
105% 107
111%
106% 109
106
118%
115% 115%
116 - 119%
82%
96
87
103%
—
*108
...
*104% 112%
Mtge
110%
*105
.
series A...
series ■«
103% 105%
127
127
105
102%
99
107%
*107% 114
*106%
gold 4s—
106%
99%
98% 100
1st lien & ref 3 Vis
series E—
N Y Gas El Lt H &
Pow gold 5s„
N Y & Harlem
gold 3 Vis
Mtge 4s series A
106
' t
.
'
88% 103%
88% 102%
88
102%
JUUUlb
RR 2%s ser B—
N Y Dock 1st
gold 4s
+
N Y Edison 3 Vis series
D
4 Vis
142
87
\.*>
4s series B
7N Y Lack 6c West 4s
138%
123
102% 109
88% 109%
Connecting
Purchase money
125
;—
Ret mtge 3Vis ser
E———.
:..-;iSt mtge 3s ser
•
99%
...
gold 3Vis
3Vis registered
New
126% 135
98%
102%
114%
80%
N Y Cent 8c Hud
River 3VaS
7
»
70%
impt 5s series C
123
134 %
125
91% 107%
deposit-.
122%
120%
109%
84
—
116%
95%
94%
deposit
A
105% 106%
•
104
80
—.——
of
series
21
102% 105%
90% 106
deposit
D
Certificates
A 1st
82% 106
83% 108
deposit
C
ACertlficates of
90
109
26
io y*
92%
84%
A
107
9%
73
lANon-cum inc 5s series A
A Certificates of
deposit—
5s series
107
102
gtd 4s
—i
105% 107
112
113,,
45%
16 %
108
108
112%
107% 110%
108%
160
IN Y New Haven 8c
Hartford RR—
ANon-conv deb 4s
ANon-conv deb 3%s
ANon-conv deb 3%s
ANon-conv deb 4s
•
a
37
—1954
'31
37%
37%
35%
1955
.
ANon-conv deb 4s
.
37%
1947
,—1947
—1956
—
Debenture certificates
3%s.—1956
AConv deb 6s.
1948
IA Collateral
trust
a
42
4s
Debenture
jAHarlem
''..1st
1940
1957
4%s series of 1927—1967
River 8c Port Chester-
A 1st & ref
,
6s
A General
if AN
i
Y
1st
gold
f A General gold
i
101
10
-
105
101
105
39%
SATerminal 1st gold 5s
If A N Y West 8c Bost
1st 4%s
Niagara Falls Power
49
1943
95
108
108%
107%
109%
74
42
49
3%s——1966
108%
*107%
100
17
125%
-109:
109
32%
1946
88
125%
*125%
42
14%
—1940
75
37
115%
96
*108%
39%
104%
90%
104% 107%
104*' 108%
1937
5s
101%
115%
106%
73
105%
95
26%
;
4%
104% 105
39%
111
100
- 11%
4%
5%
101% 102
73% 74%
10
3ya$——1963
4%s
19%
42%
-
101
Su'sq 8c W 1st ref 5s.——1937
f A2d
■,
105%
;
Power 8c Light 1st
mtge 2%s_1975 f
N Y 8c Putnam
1st cons gtd
4s—.1993
N Y Queens Ei Lt
8c Pow 3%s
1965
N Y Steam
Corp
101%
70
18
1955
N Y
1
Quaker Oats 2%» deb.
44%
39
June 1992 •;
4s
251%
-
38
66%
.
4s--——.——.1954
|AN Y Ont & West ref
4s
40%
38%
38%
40%
40%
165
240
9
20%
.
109%
Norfolk Southern
Ry Co—
A Gen
mtge 5s conv inc
2014
Norfolk & Western
Ry 1st gold 4s_1996
North Central
gen 8c ref 5s
1974
*
Gen So ref 4%a aeries
i
•
*.
*
s
1
«
i"!
,
-
-
.
..
V
registered.
impt 4%s series A
impt 5s series C
Ref 8c impt 5s
series D8c
46
110
79
Northern States Power Co—,
(Minn) 1st mtge 2%s———
1st mtge 2%s
(Wise) 1st mtge 3Vis——
98w:
87 >100%
99%
102%
94%
90
16
2047
94%
69% >90%
> 110
13
—2047
100% 102 Via
'.122%
69 %
__
2047
.—.—1973
Coll trust 4%8
105
i
—
8c
Ref
..:'i
107
103
>133%
lO^Vs 127%
'
r
1.2047
3s
Ref
;;; 128
i?34
Jan 2047
71
143 ,S
132
138% 143%
v
A——1974-
*>
35%
6
'i] r'S fe-h-i \ \
s«
i
Northern Pacific Ry
prior lien 48—1997
f
4a
registered
1997
Gen lien ry & Id
gold 3s
•
38
92Vi
112
94%
112
97
>
106%
1974
197E
....
.1964
100%
*104%
120
85%
100
63
93
62
105
114%
112
lOgdensburg 8c Lake Champlain Ry—
A
1st guaranteed 4s
Ohio Edison 1st
mtge 3s
1st mtge 2%s
RR 3s
ser
63 %
106%
129%
1-32%
97%
101%
1975
Oklahoma Gas & Electric
2%s
Oregon-Washington
35
105%
1948
1974
1975
100
A—1960
100%
90%
66%
70%
56
17%
17'A
16%
25%
96
96
96
97 %
97%
98%
97
101
80
56
101% 101%
Pacifio Gas 8c Electric
Co—r
1st & ref mtge
3%s series I_
1966
1st 8c ref mtge 3s series
J...1970
1st
& ref M
3s
1st
& ref
3s
1st
& ref M 3s series M
M
series
series
1st & ref mtge 3s
Pacific
Tel
8c
Tel
ser
2%s
K
108% 108%
*105V2 106
1971
L
nos'/e
.1985
2%s debentures
13
105
110%
110%
27
105%
111%
15
105V2
68
100%
107%
25
103 %
104
107
♦104
—
*i07ya
—
55
—
>
65
108% 1U
Pennsylvania-Central Airlines—
3%s
inc
conv
Gtd
4s
debs
1960
Co-*
55%
E
trust
ctfs
1952
1st
mtge 3s
3s s f debentures
Pennsylvania
4s
-.1975
—1965
RR—
gold
4s
1948
sterl
stpd dollar
sinking fund 4%s
Cons
•108
5s
series
deb
For
100
102%
96
987/a
97% 100%
105% 106%
footnotes
102%
104%
—
104%
103
*103% 103%
103
107%
105%
104%
104
104% 104%
♦104%
:
104
107
104%
106%
see
88
,91%<! 91%
,li9%"l21
E
120
4121
113% 115
120
131%
113
120'/a
128%
120% 122%
120'/a
139%
101
47
113
135%
104'A 104%
!]': 113
114 yr
F
1984
page
113%
113% 114%
113>A
135ya
102%
102% 103 y»
102 %
111%
99%
107 %
1985
.
2713.
.i:
100%. IOO
100%
92%
107
105
90% 102%
97%
101%
49
98'A
104
,104'/a 104'/a
93%
84%
I 91
•
116
98%
110%
122%
120
113 v
108%
901A 106%
110%
93
107
113%
1981
108
116% 117%
*—
124 '
*105% 106%
112%
114%
95
S99— 101%
us
us y2
1965
1952
ser
86 %
92%
1960
3%s
vjtge 3%s
113%
—
95
1968
B
mtge 4%s series
Conv
Gen
104%
109%
„
General 4%s series D
.Gen
101
'i 91%
107 Ye
*104%
May 11948
General 4%s series A
General
106%
6
series
Pennsylvania Glass Sand 3Vis..—1960
Pennsylvania Power 8c Light Co—
Consol
106% 106%
101% 101%
95
105
100%
129*
126
*126
107
—
101%
103% 103"%
III 1st s f gold 4%s
1955
Paterson & Passaic G & E
cons 5s_1949
Pennsylvania
97 %
111
101
*
—1986,
Paducah &
105
105% 1061/4
-_1977
debs
2
108% 109%
^••iA.105 U 109%
105% 106 %
105% 106V8
1974?::
1979
n_
100%
99'A
98%
•
97;>
145
109%
123%
128
135%
104% ,109%
100% 107%
V;-':*44
104% 107%
97%
103
103%
102%
106
'
NEW YORK BOND RECORD
RANGE FOR WEEK ENDING
.
Friday
Interest
LaBt
Week's Range
or Friday's
Period
Sale Price
New
Exchange
Stock
York
1
<*
Terminal rr Assn of St Louis—
Ref As imp m 4s ser c
Ref & Imp 2%s series d
Texas Corp 3s hr>h.
:
1985
ref m
3%s
Pacific
a Gen
mtge 4s inc ser a
103 Va
10
AGen
mtge inc 4v48 ser b_Jan 1991
109
1st mtge
108
105
101
101 Va 101%
96 Va
2000
'
l<
100
3%s__1974
'
Third Ave ry 1st ref 4s.-—..—1960
AAdj income k«
-1*" 1960
1st mtge &
of
coll
Mo 3 % s_ -..1971
tr 2%s
ISAUnion Elev Ry
(Chic)
1st &
1966
J-J
108 v2 ihv2
106
1952
2014j
A-O
105 v4 106
104%
May
101 % 101%
105%
110
110
Western
101
103
:'/■
88% 104 f
Maryland 1st 4s
Pacific
4%s inc ser a
Funding As real estate 4%s
25-year gold 5s
30-year 5s
1
110v4iio'/a
109%
112%
102 v* 103
102 Va
107
*
k
■
,/
34%
•—
sf
34
[:
34
•
wm*m
J-D
mtge 2%s
1947
103
101% 105%
M-S
1966
A-O
1976
*
F-A
1991
M-N
United Biscuit 2%s debs—
U S Rubber 2%s debs
L..
«« *•»
•
•"
94 Va
—
106 % 106 va
Registered
104%
Gen
—
ref
&
2%s
-1970
MS
-1958
A-O
104%
Winston-Salem s b
1st 4s__.
-i960
JJAWisconsin Central 1st 4s
a Certificates of deposit
-1949
101%
102
104 *
99
99% 100
§ asu & Du
-101%
div & term 1st 4a->
a Certificates
of
il936
100 va 101%
100%
M-S
.—1959
99%
104%
Cons
cons
g 4s series a—1955
series b
—1957
f 4s
s
Virginia Electric
1st
As
ref
&
*—
115
111
*—
-116
114
Power Co—
101%
101% 102 Va
101
100%
100 Va 100 Va
100 '/
104
:
122% 123
99% 115
)
103%
•
5s
cons
2003
Virginian Ry 3s
b
ser
*—
j-j
*105
A-O
-—1958
.
106
104va 105
M-N
—1995
111%
106
123
72
58
90
/
21%
,
23%
87%
20%
56
"i
100 %
109 ya
102%
109
*99% 100%
109
51
22 Va
110
j-j
delivery sale not included in the year's range, d Ex-interest, e Odd-lot sale hot
n Under-the-rule sale not included in tho year's range.
rCash sale
the year's range, y Ex-coupon.
i ;
....
^Negotiability impaired by maturity. tThe price represented is the dollar quotation per
pound unit of bonds. Accrued interest payable at the exchange rate of $4.8484.
tCompanies reported as being in bankruptcy, receivership, or reorganized under Section 77
the Bankruptcy Act, ov securities assumed by such companies.
'Friday's bid and asked prices; ho sales being transacted during current week.
ABonds selling flat.
|
. •.•'-'j.v.-. %}■..:i-.
;• ; ..
t. #:•. ■\i.\ ? • ' -v
;■ ;•
106%
MS
Va As Southwest 1st
gtd 5s
»
102 Va
117
in
the year's range,
included
in
200-
MS
e
ser
108
104%
v«
—
Deferred
included
not
115
1975
mtge 2%s
21%
J-J
111
;
Coal As Coke 1st gold 5s__1949
Va Iron
1st
f-a
m-n
,
.
65
J-D
a
Vandalla rr
70%
70%
deposit
Power
105
94%
91
63 v4
106% 109%
99 v* 104
*20
Service
Public
Wisconsin
65%
105
MS
2%s— "1976
Electric
Wisconsin
69 Va
103% 103%
J-J
99%
103%
102
65
*117%
J-J
107 Va
93%
101%
101
102%
♦108ve
»..'/ 100
m-s
3%s— -1971
Yonkers Elec Lt & Power 2%s— -1976
Universal Pictures 3%s debs
I'i
m-s
102
95%
109
108
108 %
63%
j-j
_1949
Wheeling Steel 3% series cWilson & Co 1st mortgage 3s
72
■; 101 Va
102 Va
101
j-j
a— -1992
series
73
6t
*
m-s
i—;
.
m
85%
72
87
78
123
87
80'/a
79 %
m-n
West Shore 1st 4s guaranteed— _2361
_2361
,
116%
68
79%
80%
MS
.1951
109
hi
96 v2
104
81%
j-d
-1971
debentures
*
m-n
1011!
102
•
*113% 114%
J-D
103 Va 104%
-94 v*
"
;?$ *99
101 Va
j-d
10us 101%
100 J3
J-J
......1976
series C
57
*101% 103%
q-jc
56 %
%
£ 57
f-a
1950
1951
1960
.
Wheeling & Lake Erie rr 4s
*103 Va 104
*101% 102%
J-J
.—1970
2%
V;
k
;
f-a
Western Union Telegraph co—
:^0.
110%
68Va
104 %
102% 104
113% 117 %
»105
107%
103
West Penn Power 3%s series i
82%
100
RR—
debentures
Ref
A-O
1967
land grant 4s
2%s
'►
1945
5S—
Union Oil of Calif 3s debs
2%s debentures
Union Pacific
M-N
£ A-O
—1975
'
//
Western
49
9
Westinghouse el As Mfg 2vs3
Union Electric Co
106% 107
99
106%
m95% 107 v»
7
96 va
a-o
87
101% 101%
Y//!//*>
' 99%
96 -y
83%
97
/
.;f
>
_
'«■./•;/
60
100
*101%/ -.i'k
Tri-Continental Corp 2%s debs—1961
8
.102
1-/90
87%
—1970
gold 3%s—2000
Washington Central Ry 1st 4a
1945
Washington Terminal 2%s ser a—1970
Westchester Ltg 5s stpd gtd
1950
Gen mtge 3%s——1
1967
58%
54Va
100
100
r
1'...'':y v
102% 105%
Y
5Vas debs
Warren rr 1st ref gtd
100'a
99
54'/2
,
Tol & Ohio Cent ref As impt 3%s__1960
Trenton Gas & Elec 1st gold 5s
1949
■■■'
'
Baking co
(subsordinated)
101
1277/a 152%
98
108
36
100% 101%
101%
1985
,93
1
128
/;•:
Jf-n
Bigh
Low
91 /):
*98
f-a
Range Sivoo
January 1
Sold
No.
High
87%
Apr/
1971
3%s ser b
Ward
100% 104%
12 '•
96 Va
128
Texas Pacific-Missouri—
Pac Tenn rr of New Orl
Bonds
Friday's
ft 91
Apt
Jan 1981
128% 137%
106% 107/
1990
Gen As ref m 3%s ser e
or
Bid a Asked
SalePrleo
High
10
103 Va 103'/a
1970
C~
Last
-
Low
Walworth Co conv debentures 3%s.1976
gold 5s_.
ser
1st
Period
January 1
No,
High
Interest
Exchaago
Stock
York
Week's Range
Friday
bonds
New
Range Sine#
-.•••:/*128%'':'a--'''
103%
107
-1qrs
Texas & New Orleans rr—
1st As ref m 3vis ser b
1st As
Sold
Wabash rr Co—
2019
'
Texas As
Bonds
•,**
'
'
Low
NOVEMBER 22
/•//
Bid A Asked
bonds
113
of
'
NEW YORK CURB EXCHANGE
WEEKLY
AND
RECORD
YEARLY
the week, and when selling outside the
NOTICE—Cash and deferred delivery sales are disregarded In the week's range unless they are the only transactions of
a footnote In the week In which they occur.
No account Is taken of such sales In computing the range for the year.
regular weekly range are
m
In
the week beginning on Saturday,
intended to include every security,,
following extensive list we furnish a complete record of transactions on the New York Curb Exchange for
ending the present Friday (Nov. 22). It is compiled from the daily reports of the Curb Exchange itself, and.is
or bond, in which any dealings have occurred during the current year.
: * , <
.
- i
the
Nov. 16 and
whether stock
RANGE FOR/WEEK ENDING NOVEMBER 23
stocks
New York Curb
Friday
Range
Sale Price
"•
■/:
acf-Brill Motors warrants—
Acme Aluminum Alloys——
Acme
Wire Co
a d p
1
Co
5
Aeronautical Products Inc—
Aero Supply Mfg class b
Alnsworth
Mfg common
Inc (n j)
Air Investors
convertible
10%
10%
11 Va
1,500
*
—
-»
10
Alabama
Power
Alaska
4.20%
Airlines
pfd—
Co
Aluminium
6%
Ltd
11%
11%
11%
26 %
26%
18
15
65
71%
*
•
common
Central
•
—1
3%
3
k
May
15
Mar
Sep
60
Sep
ml™
x112
Sep
180%
3%
i00
i'Wf-zn
mi?™
^,800
2%
500
•w 190
4,900
18% Sep
15% Oct
116% Jan
107% Oct
3
Nov
2%
Oct
52% Oct
10% Oct
Products
Machine
Avery (b f) As B0ns common
6% preferred
Ayrshire Collieries Corp
Automatic
1%
—
10
42
100
preferred
preferred
111
Voting
207% Aug
114% May
c
\t.
Con
preferred
1%
5%
Co
47
1%
:
1,000
100
25 va
31
100
26 Va
;
.
jju/2
common
&L2
10c
•
1
——2.50
1
1
100
*
•
Ties com
Mills Inc
Shoe Corp
Bellanca Aircraft common
Bell Tel of Canada
Benson & Hedges common
Beau-Brummel
(a s)
Beck
preferred
Furniture—..1
7
8%
Appalachian Elec Pwr 4%%
Scrymser
May
12
6
18%
20%
•
Feb
32
12
May
July
'
37/e
22%
4
167 %
39%
18% Nov
3%
:
9%
Sep
2C3
Oct
164
22'/a
34 %
Jan
Oct
40%
Jan
6
Jan
34
2% NOV
"5% "*3
1
24% Jun
16% Feb
Oct.A/
7
54%
21
Oct
122 "
Oct
m._
Oil Co
American Tobacco—
*
Am
dep rects ord bearer
Am
Hen rr.t*
ord teg
...
£1
£1
Jan
31V4
.
Apr
27 Va
-8
'kf
:
Sep
4
Y
Jan
65
'
Jan
31% Feb
5% Feb
31
Feb
6% Sep
12%
Apr
24%
v
Sep
Feb
23 VA
Apr
Nov
25
18
33
•
Apr
.36
-
Jun
27
Aug
'
16% Nov
■
150
0*5
Sep
Oct
^
British-American
v
18%
1
1
*
*
*
^
*
Jan
!
f
15%
Aeronautical
Jan
39% Jan
70% May
,
f
Oct •»
Nov
6%
Nov
34
•
Mfg Co common
Eritish
•
14
56%
;
Sep-ftO-
—.....—•
Lgt As Pwr
:/
novf.ismV
11
3% Oct
37% Sep
Corp common
Breeze
Feb
July
18% Sep
...—•
^*^..^.^...100
Co.—............25r
Bourjois Inc
Brazilian Traction
Apr
33 Va May
Oct i
*20
"
166
July
12
Jan
7% Nov
22
20
Mar
Sep
17
8
25
NOV
6Va
•7%
Aug.
Jan
10% Jan
15
cjasg
pfd—100
Jan
Apr
41
8%
5:
1st preferred
Borne,
Brillo
Apex-Elec Mfg Co
28
20
Mach Co> com.*
Brewster
Am dep rets ord
Angostura-Wupperman
Jan
Jan
22 Va
44':
common
Bridgeport Gas Light Co
Bridgeport Oil Co
Inc
18%
10 %
%
40% Sep
....——3
Ridge Corp common
1
optional convertible preferred—•
new
•
Anglo-Iranian Oil Co
/.
10% Nov
18%
5
Post
Jan
11
—u10
American Seal-Kap common—.
Amer
Superpower Corp com
$6 series preferred
'
American Thread b% preferred
Jan
Apr
38 Va Maq
41
Blumenthal (s) Ac Co
Bohack (h c) co common
-uil*
Republics
16 va
91
13%
40%
,
10%
j
Beaunit
$3
1
Co
..
6%
6
10%
500
25%
38
convertible a common
5
Refractories Inc..————1
Bauman (l) & Co common
1
Blue
>
Angerman Co
2,500
900;
12
41
1
Bickford's Inc common.
.—25
Co
Anchor
6%
Feb
jan
19% Jan
20
common
Writing Paper
7
Basic
Convertible
American Potash & Chem class a*£i£*
Class b
American
31%
3%
.
y
Jan
nov
Oct
Nov
Feb
Oct
24
31
1
Rubber Co common
Banco de los AndesAmerican shares
Barium Steel Corp
Birdsboro Steel Fdy &
American
:
25%
—•
Baldwin
Blauner's
Meter
nov
Oct
10%
...—...30
-
25
American
5
»/
Yll%
;,"
Nov
54
2,100
6%
6%
~7%
175
13,500
8%
56
6%
5
25
1
Babcock As Wilcox Co
Baldwin Locomotive—
25
Products
27%
1
——.—1
•
r/u
9% Oct,,, y12»)« May
it
25
—
Metal
„5%
5%
27%
j;,
Feb
Jan
preferred..
American Mfg Co
Maracaibo
54
Feb *
,u4% May
9% Sep
Feb
25%
*-26
American Light & Trac common
American
"7%
54
50
115%
Jan
90% May
121
Berkey Ac Gay
1
American Hard Rubber Co
American Laundry Mach
American
~7%
——1
Atlantic Coast Line Co.
:
Atlas Corp warrants—..—Z—
Atlas Plywood Corp
Automatic
5Va
/11
ft.1% '• ';.9oo,. & 1% Oct
5
Sep.
6 /v/i :
225 v
16 y8
Oct
;
k 8% Apr
;
110% Oct y/
.
1%
Co pfd—100
Coast Fisheries
Atlantic
10%
1
Jun
8
'..11% Nov., r k.27% Jan
•
2,200
2,700 /
$1.20
*
common
Electric
convertible
29
:'-&s6o
Jun
Atlanta Birm As Coast rr
,
9% Bep
Barlow & Seelig Mfg—
American General Corp common—10c
$2
convertible
preferred
i
1
$2.50
Jan
nov
13%
47Va
4%%
48
15
63%
2%
American Cyanamid Co common
10
American & Foreign Power warrants—
&
26% nov
61
5%
Gas
100
13
1
American
May
800
13
1
b.
American Fork & Hoe
Aug
12
27
63 Va
100
^
,
111
16
107% 107%
1
Mfg
Oct
3% Nov
107 /
Sep
20%
American Cities Power & Light—
Class
85% Oct
Jan
9% Jan
133% Jan
,9%
::
l57/a Jun
3% Oct.
3% Oct
10
113% 113%
11%
12%
High I}
/'//
;
57/a Nov
1,100
4%'
10%
10%
American dep reets regi'Blj
Associated Laundries of America
*
Associated Tel & Tel Class a
—•
Jan
22%
,
9%
—1
Range Since January 1f
Low
4%
4%
11%
*
6,200
1,200
12,800
7%
4
10%
—2.50
Sales
Shares
High
5%
4%
Industries— ;>
Associated Electric
Feb
17%
4% Oct
8% Nov
.
■:
: c
Aug
10%
112% 112%
176
5%
38
Nov
4% Aug
Oct
..
preferred. •
Equipment Corp..—.....
Ashland Oil As Refining coj
Apr
Feb
23 Va
Nov
3% Nov
35
Aro
26%
•
—10
preferred
Arkansas Power Ac Light $7
Feb
18
20
•
Book Co
12
6%
Jan
Nov
7%
21 z
Oct
//'.
Natural Gas common—
class a non-voting
Common
5 '
■
10% nov
700
25
Arkansas
Jan
13%
Nov
1,000
2,200
Jun
400
;—•
Co..
3 Va
11
65%
112%
common
Beverage
4
3%
100
American
5%
107% 107%
•
Car
200
12,100
•
common
American
4%
22
6;v:'
|
Argus Inc
2% Nov
20
9
3%
100
preferred
American
'5%
•
common
American Bantam
35
4%
5
common
Industries
400
1
6% preferred
Aluminum Goods Mfg
Aluminum
3%
91
1
Allied Int'l Investing $3 conv pfd
Allied Products (Mich) common
Aluminum
3
100
Alles & Fisher common
Altorfer Bros Co
500
8%
50
Inc
3%
35
4%
3
Southern
12 Va
12
10
Great
'
26%
50c
Air-Way Electric Appliance
/
100
2,500
<
Feb
4% Aug
300
6
3%
for Week
Low
30%
Oct
3%
Sale Price
11%
Nov
20
5%
2
—
preferred
Alabama
8
60
v
Range
of Prices
High
Nov
1,900
21%
4
2%
1
—
Convertible preferred—
Aireon Mfg Corp common.;
60c
700
3%
5
;k
>
20%
5
—*
•
common-
Low
Week'*
Last
York Curb Exchange
Range Since January 1
-
2%
1
_1
Agnew Surpass Shoe Stores
/
21%
Shares
9
8
8
10
New
for Week
High
4%
common
Air Associates
of Prices
Low
Par
:
5
YFrlday
stocks
Sales
Week's
Last
Exchange
21% Aug
24 Va
Jan
ihU^'j&»rtMMuN>4Wi
X
Monday, November 25, 1946
COMMERCIAL & FINANCIAL CHRONICLE
THE
2714
NEW YORK CURB
EXCHANGE
'
RANGE FOR WEEK ENDING NOVEMBER 22
Sale Price
for Week
of Prices
Low
Par
*
Sales
Range
Last
Exchange
New York Curb
Week's
Friday
STOCKS
-.
Amer
10*
dep rets ord reg
Class
—
1
Distillers
Silk
1
•
Ltd
173/4 Nov
3,300
—
--
Jan
100
—
6%
38
Derby Oil Co
May
3474 Aug
Detroit
Gray_ Iron Foundry
117a
113/4
2.50
17%
1772
1972
174
174
1%
.12 %0
Corp
11
1,100
57a
5%
6
2,200
31,800
6,100
13
700
Hill Sc Sullivan—
250
common——
13
13
July
153/8 Jan
Sep
15% Sep
174 Nov
26% Jun
4.
Feb
57a NOV
127* Jan
7% Mar
197a May
Dobeckmun
Co
Cable Electric Products common—JB On
Voting trust certificates
Cables
Sc
_
California
100
3
374
300
23/4 Oct
374
Electric
tl
r, ,1
Power.
iq
Tungsten Corp——.
Camden
3%
3
Oct
374
200
3
Jun
7
Fire
„i
Insurance
63/*
87a
4%
8%
47a
"9%
Oct
1,900
1,900
43/4
8% Nov
47a
NOV
Cement Co Ltd common
Canadian Industrial Alcohol-
Class A voting—..
Class B non voting
3 9 3/i May
Sep
1774 July
7
NOV
7%
13 72
1574 Oct
1472
3%
4,000
Oct
22%
3
4,500
137a
3
1,700
3%
123/4
123/4
28 3/a
10
1
l
Nov
3872
.*
1272
1272
25
July
2472 Feb
Sep
18
8%
Apr
Apr
Feb
417* May
Jun
217a May
11% Mar
223/4
Sep
July
«
Sep
•
83%
Jan
107
70
Oct
96
Ho
;
227a
Co..
Co
36
Sep
Oct
65
Apr
Feb
95
110
May
Oct
12
Jun
25
78
78
78
*
.
974
£1
Corp common
Duval Texas Sulphur
16
6
1,100
147a
15
300
16
,
1
147a
Feb
16
100
572
16
*
common
Test
5%
2472 Mar
Oct
10%
Feb
20
Apr
13% Sep
Jan
257a Aug
Sep
15
Feb
22% Aug
12% Sep
11 ye Sep
257b May
24% May
East
Gas Sc Fuel Assoc common
12%
•
■
12%
11%
11%
2,000
13%
12%
1,100
prior preferred
preferred
6%
Eastern
.
.«
27a
...
Capital City Products——..
Carnation
2%
4,900
36%
125
28
Sep
327a Feb
115
240
457a
115
45
Nov
100
114
Nov
9
45
Carolina P & L $5 pfd.
(J W) Co com
Casco Products new common..
Sep
Carter
Castle
(A
Catalin
Cent
M)
1% "7%
Sc Co
36%
Corp of America.
Maine
3.50%
West
ICent States Elec 6%
;
7% preferred
Conv pfd opt div
Chesebrough Mfg
300
50c
1574 May
52% May
58%
58%
6572
670
46
Oct
18
18
21%
220
163/4
Oct
—10
4%
13%
1%
25
Claude Neon lights
Inc.—
Clayton Sc Lambert Mfg
11
22
Equity Corp
$3
May
Jun
1%
1%
3,400
80
148
23%
26%
156
137
35,500
Oct
2074 Oct
7,350
Sep
11
Oct
220
156
125
1,100
,
153/4
116
,
Sep
166
153/4
156
15% May
32
Jan
NOV
6
Aug
42 '
42
150
38
Mar
50
,
58
65
425
58
Oct
105
Apr
7% Jan
33/g
11%
11%
2378
237a
47a
4%
2474
2372
3%
1,900
13
3% Sep
117a Nov
4,600
2774
1,600
43/4
4,700
38
25
237a NOV
4
Sep
23% Nov
2,200
32
Oct
31,800
7a
30
43
Sep
900
2
Oct
9
10%
500
9
Oct
1174
5
Oct'
Jan
49
Jun
16%
600
153/4
Oct
25
July
500
70% Sep
91
118% 120
60
115
11072
50
8%
4,400
10774 Sep
7% Nov
7%
2'/a
2%
*
167a
153/4
Cornucopia
Inc
Gold
8%
8%
15%
153/4
17%
31
Apr
~
121
Jan
«c
»
"i%
137a
71% Jan
2% Sep
1,900
9
153/4 Nov
2,700
3,100
87a
Oct
14% Sep
24% Sep
5% NOV
100
953/4 July
63/4 Jan
20
Nov
17% May
33
Feb
44
July
772 Sep
•
<
.
5%
6%
1,600
9%
2,900
872
Oct
1%
5,600
1
Oct
4,900
137a Nov
26% July
137a
3%
33/a
1,400
3
Nov
90
14%
90 *
30
85
NOV
14%
400
14%
37a
3%
3
30
(ord reg)—£1
•
Brewing Co.——
Crosley Motors Inc__——,
Crowley Milner Sc Co_._
200
5
7
Sep
Sep
143/4 Febb
$3
Apr
14% Nov
63/4 Jan
44% Aug
11
Jan
38
May
2
1,500
9
1,800'
(Md)
Sep
550
Nov
5
Nov
17
2,900
Oct
574 Sep
Sep
Bep
23
Bep
v.. ..:S
25.
300
.2
...
22%
23
9,300
.
147a
-
-
SJ™' Lighting fMo),common—2.50
Inc
r
ft
M-■
—
12
5%
12
147a
t
20% Oct
100
105% 1053/4
—
*
Oct
10
3,400
common.
Curtis Mfg Co
Oct
6,600
Crown Cork International A.
Crown Drug Co common
i
7% convertible preferred..,
Cuban Tobacco common
Davidson
1672
Inc
105% Sep
50
6
150
12
50
2 50
'
1
Dayton Rubber Mfg class A conv—_35
Dejay Stores common
gQo
17%
Nov
20%
133/4
Apr
Jan
Jan
Feb
Jun
8%
11%
Jan
12%
5674
130
Feb
Jan*
4072
Jan
127a
Feb
26%
Sep
Oct
14,000
5,300
5372
1274
Apr
17%
Feb
29*
Feb
7072
5372 Oct
Feb
2
27a
1,000
2
Sep
23% Sep
38
387a
150
37
Oct
38% Nov
19
18
13%
?
Sep
53A Nov
11
Oct
207a
5%
400
1872
193/4
5,300
,207a
207a
207a
50
35
38
31
7%
8%
3572
3572
10
10%
Oct
7% Hov
i—;
3172
Apr
8-%
Jan
293/4
57a
•
20
3
100
3
Oct
Jan
Jan
277a Jan
51
1,000
13
Nov
17
31
100
•
13%
1372
50
31
37%
700
.1
.1274
1274
13%
2,900
22
Inc—
22
24
1374
1
i
7% Mar
97a
77a Mar
1
1.25
Co
35
Sep
:
—
stock
conv
Garrett
—
;
Jan
Aug
Oct
427a
Oct
30 74
May
22
500
NOV
1274 Nov
Nov
40
July
Sep
110
July
22
Jan
'
80
—...
Corp
57a
Feb
21% Apr
237* May
103/8 May
24
36%
108"
1874 July
Jan
1073/4 July
43/4
13% Feb
Feb
39
574
900
43/4 Nov
1474
Jan
3%
5
33/4
1,600
33/a Nov
9 72
Jan
'
__
Gen Electric Co Ltd—
Amer
General
Finance Corp common
preferred series A
—L
14
"7 7s
77s
73/4
3,000
77a
NOV
83/4
8%
8 3/4
70
872
Sep
^rrs
800
50
10472
167a
17
1,000
117a
Jan
85
16%
~374
■
127a
Sep
85
85
NOV
105
pfd
1774
10%
Sep
24
105
2272
2272
commbiii—
_•
100
General Plywood Corp
1
General Public Service $6 preferred—*
General Shareholdings Corp com
-1
$6 convertible preferred-—.:
_•
Georgia Power $6 preferred_J_i
_•
$5 preferred
_*
Fireproofing
General Outdoor Adv 67c
1872
Nov
3%
Warrants
General
100
14
14
£1
1
10
dep rets ord reg
3%
60
3172
Sep
300
3
92
111%
237a
140
6%
NOV
75
109
Oct
40
3%
94
92
20
110
Feb
Feb
Apr
Feb
Apr
Jan
Apr
Jun
Apr
May
....
Giant
Yellowknife
Gilbert
(A C)
Preferred
|
Mines.:
Harvester
Glen Alden
Jan
111%
2274
700
572 Nov
193/4 Oct
43 %
54
100
52%
55
1772
1874
200
18%
187a
19%
900
572
Corp
.50
—
1
$4.50 prior preferred;
*
•
Sep
Feb
Sep
Oct
29%
1772 NOV
18
Sep
Jan
Feb
<
Apr
30
Jun
28
Jun
177a.
177a.
183/4
5,100
177a NOV
243/4
123/4
12%
137a
1,600
123/4 NOV
2672
Jun
1
-*
4%
4%
4%
600
4% Sep
8%
Feb
—
Mines—
—'
!—I—
,60
Pacific
60
31
57
150
30
400
Sep
69
Jan
__
•
'
Feb
"l7e "l%
"l%
.1
•
50
—1
24
Oct
44
Feb
103
»•
Jan
107
Aug
17a Sep
Sep
4
Jan
15,600
•
-
46
—
-
53
Jun
10% Mar
54
200
55 f
177a
Gorham
&
6%
5
*
—
(Adolf) Inc common
Godchaux Sugars class A—IL
Class B
I
Atlantic
,
27
*
Inc
Consolidated
500
6
Nov
—_,
Coal—
Goodman Mfg Co!
Gorham Inc class
115%
17%
*
—
Gobel
Goldfield
110
Jan
20%
~5%
1
*
:
—
Gilchrist Co—,
—
Gladding McBean Sc Co
Gleaner
1-1572 11572
—
54
Gold
common———.
Feb
May
3874 Jan
20
:
Jan
Great
Jun
6% Apr
60
:
14
97
Apr
May
8% NOV
5,800
10%
8%
*
100
1
_*
common.
preferred
Gellman Mfg Co common
General Alloys Co
Mfg common.
ku
10
Graham-Paige Motors $5 conv pfd—25
Grand Rapids Varnish
>1
Gray Mfg Co..JL..—J.......
5
Or ay son-Robinson Stores—J., .•
,1
107a Jun
36
Co
10
_5
common
Power
5%
1972
••772
143/4
9772
1,025
Jan
Oct
47%
Jap
7%
3,700
71
Oct
14%
Ma^.
8% Oct
13
Nov
1,800
Apr
Sep
15%
600
9%-
22%
48 y4
-
2,700
7%
97a'
13 :
237a
Jun
3772
Feb
Tea—
9372
Non-voting common stock——1
7%
1st • preferred
131
:
135'y
.
.
-
937a Sep
131" Nov
40
37
135
147
Apr
July
Great Northern Paper.
40
41V
Sep
4672 Aug
Greenfield
18
18%
1,100
16% Sep
23% Jan
1674
1674
300
13% Jan
klll% May
Sc DieGrocery Stores Products
Tap
114
114
900
10
-
12%
Sep
28% May
116
Jan
1674 Jun
H
Aug
Hall
34% Oct
16% July
39
Aug
10
20% Jun
Hammermill
Nov
Oct
Oct
1872 Nov
200
5%
,flit§8S|,
Brothers
3472
372 Nov
100
•
21%
143/4
common—25c
100
Gypsum Lime St Alabastine
.*
Davenport Hosiery miit«
22
Nov
25
2172
Gulf States Utilities $4.40 pfd—
...
56
Nov
8 3/4
32,400
18%-
(Geo A) Co
Gatineau
77a Jan
110
24% Mar
3,900
III—IIIl
86 preferred
Cuban Atlantic Sugar.
5% preferred
;
10
2,400
9%
4%
15
5%
pfd__
conv
Globe-Union
Croft
Crystal Oil Refining
1474 Nov
1,500
III—50
preferred
Courtauids Ltd—
43/a
Sep
Sep
26
—
2172
-1
voting—^
Simon Sc
472%
374 Feb
14%
1
3
J
pfd class A.,
Petroleum common
Cent Petrol
1
1
.American dep receipts
!- Creole Petroleum.,
Crown
«
700
—
dep rets bearer
Franklin
July
112% Aug
12 3/b Jan
93/a
Mines
common
convertible
1,525
2,100
31
New $1
5%
3
18%
1
Corrooh & Reynolds
80 preferred ACosden
793/4
_lOc
Cooper Brewing Co
Copper Range Co
Coro
763/4
10
♦
117a
10
27a
45
Apr
Apr
Feb
783/4
__
16
Apr
16
Cook Paint & Varnish
Co
112
% Jan
*2%
110
Amer
Feb
48
*2%
1187*
B
Franklin Stores
77
Continental Fdy Sc Machine Co
1,625
10
5372
Jan
8% Nov
15,300
Sep
Feb
J
Motor of France—
Fuller
1
Co
2%
503/a
Apr
Apr
3972
Sep
147a Oct
443/4 Nov
10c
Fort Pitt Brewing Co
Fox (Peter) Brewing
Jan
42
110
Class
Ford
5%
Consol Textile
27a
4974
4%
30%
17%
109
"2 7a
non-voting.
50% July
10%
77%
125
300
48%
dep rets ord reg.
12% Jan
Sep
17a Sep
437a Nov
Am
Class A
25% Apr
177a Apr
6% Jan
commonl—IIIII*
5
45
"9%
27
Jan
Ford Moi.or of Canada-
Jun
58
V
Consolidated Mining & Smelt Ltd
Consolidated Royalty Oil
Consolidated Steel
Corp hew com
443/4
Oct
12%
Ford Motor Co Ltd-
4
42
8%
3,400
Jan
16674 July
37a Nov
•
""""
10
common
800
preferred'*><1.4—i-—
1
Corp
4%
A
100
York
21% Jun
25
—100
15%
372
Oct
11%
preferred4% preferred series C
—
Consolidated Gas Utilities—.
600
Jun
7772 Ma*
783/4
Sep
Oct
16%
1,400
14%
83/4
9% Nov
10
•
B
4%
100
3%
37a
3%
143/4 NOV
Feb
Biscuit Co
Consol Q E L P Bali
17%
1972
1772
8%
Mar
Consolidated
263/4
Oct
Oct
100
Jan
15% May
6874 Oct
1,700
1
800
9
_
13
67
JLOO
6
I
-
common
500
1,200
12%
10
20
f
12772
10c
common
1574
12%
143/4
Oct
~2%
39,100
5 7a
jj
$2 div cum pf*
Fisnman im H> Co—
50 to $1 Stores.
NOV
1
15%
1
First
July
2%
_
56 3/i
Nov
"8%
100
—
Jun
974
_25
Sep
7
Engine Sc Airplane
..1
Brewing..—.
1
Fansteel Metallurgical
—...*
Fedders-Quigan Corp.
1
Federal Compress Sc Warehouse Co—25
Fire Association (Phila)
10
July
400
.....
40
3,700
900
443/4
_ft»
pfd
Equipment
Fairchild Camera Sc Inst Co.—
184% May
41% Jun
18,600
Sc Southern
warrants
175
8%
1,100
15 7a
Falstaff
9%
Community Public Service
Community Water Service.
Compo Shoe Machinery
Vtc ext to 1956 new
Pi1 Gft® & Coke Secur common
47%
19
Falrchild
Feb
37a
Colorado Fuel & Iron
Warrants-——.
Colt s Patent Fire Arms
9872 May
7074
37a
;
Esquire Inc
Eureka Pipe Line
4
10
3%
Oct
7274
17%
——10
convertible preferred
19
93/a
1
46%
69
1
District Electric 5%
88
2%
Inc___.____.__I ~~7~50
525
125
.
Derrick: Sc
6574 Sep
1274 Sep
174 Oct
9%
Co—,
preferred
Jsm&cu
75
"2%
Illuminating..
*
Corp...———100
56
70
—1
—
Inc
4
12%
Jun
Feb
1
^
series
b%
Empire
225
140
14%
Jan
104
133/4
13%
-
Co common
6772
Sep
.1—1—4
Colon Development
ordinary;
Colonial Airlines...
4% %
Elliott
66*
Cockshutt Plow Co common-
13
Feb
Jan
5
Oct
7074
National Watch Co common—15
13% X1474
155
Electric
Commonwealth1
107a
29
Sep
5074
283/4 Jun
15
x
—
Elgin
18% Oct
143
•
16% Jan
1%
250
7
—
Electrographic Corp
Jan
1,100
71%
•
—.
warrants
50
15
1
Mfg Co.—.i.
Mills
Option
200
144
10
.....
47a Nov
500
4272
2%
46
~7
5
«
Jap
May
50
1
formerly $5—
formerly $6
Electric Power Sc Light 2d pfd
12
152
....
4,100
92
Oct
30
.
1043/4 May
Sep
56%
56%
50
•
common
8
Oct
897a
547a Sep
6374
2
*
pfd
20
m
Co—
4%
19%
18
,*
City Auto Stamping.
City it Suburban Homes
50
_
2
*
•
pfd
$4.20
12
,67%
■
52% May
3272
_
1,200
'
$3,50
19%
12
in
*
166% Apr
53% May
3272
—25
—.«
4%
19%
.4
_
Oct
15
300
2172
17
17
5
common
Products
Oct
1,275
ioo
$6 preferred BB
Clinchfield Coal
6
1074 Oct
9,900
6%
6
6
ioo
ser__.
347a July
106
May
Oct
22
B
Controller
153/4 Nov
1872
_
«
97% Aug
18%
^
v.■
2374 July
100
.—100
Utilities
—100
Cities' Service common*.—10
$6 preferred
«r
Colonial
Sep
1,150
—
372
3
175
62
preferred
Electric Bond Sc Share
Apr
Nov
preferred.—.100
?rhu^Cnn80lid^d ,Minln*"
IChilds Co preferred
preferred
$5
Jun
51
97
587*
Easy Washing Machine B
1474 Apr
10 3/b Sep
12
170
16
122
91
3,500
15%
*
Chicago Rivet & Mach
Club Alum
14%
94%
Jan
Jun.
July
33% Aug
68
Apr
38
Electromaster
Charls Corp common—
Cherry-Burrell common
CJarostat
347a Jan
12%
Conv pfd opt div ser
1929—...100
Cessna Aircraft Co common.
—.1
Chamberlin Co of America
—5
C ark
63/4 Oct
300
91
pfd
Central & South
80c
1,000
37
4%
45
33/a
9574
60
$7 preferred series A
$6 preferred series B
—
Eastern Sugar Associates—
164% May
Power Co—
preferred
Central Ohio Steel Products
Central Pow Sc Lt 4%
;
Jan
20
^
common..—.—."
Co
2%
36
Carman Sc Co class A
Class B
164% May
2% Sep
33/a
9574
„100
„
Malleable Iron
States Corp
Eastern
-
•
—100
472%
d
Canadian Industries Ltd—
?. 7 %
preferred
Canadian Marconi
.
Feb
Sep
2374 Nov
•
♦
Duro
1274 May
13% Jan
11%
~VA
1
Coal B
774
1772 May
12
93/4
2374
.
Am dep rets ord
reg
Durham Hosiery class B
Jan
5
20
„ff
Canada Bread Co Ltd
Canada
Oct
2,900
Aug
37
Dunlop Rubber Co Ltd—
6% May
Wireless—
American dep rets 5%
pfd_—*
Calamba Sugar Estate-—
t;T
Callite
3%
BOo
1,000
13% May
*
Corp
Harris
11
24 3%
872
9%
..
Dominion Textile Co Ltd
Power
Nov
2374
common
Dominion Steel Sc
Duke
2%
1,800
4,400
3 7a
23/4
—£1
Dominion Tar & Chem Co Ltd
Driver
Jan
•
Domestic Industries class A com—
Dominion Bridge Co Ltd
Draper
Sep
233/4
23/4
fipp.
dep rets ord reg__
Divco Corp common
May
9%
300
1
Am
180
1,300
25
I10
common
Feb
4,500
10%
145
.
Products
Jun
1074
25
Devoe & Raynolds Class «
Diana Stores Corp com
Distillers Co Ltd—
Jun
May
1472
Steel
21
11
Mfg_
Detroit Mich Stove Co
102% Feb
30
Sc
Oct
10
1072
1074
5
1
High
Low
High
10%
-8
Gasket
50
35
100
Low
Range Since January
Shares
.100
_
Jan
472
oct
6% Nov
2,400
common
Detroit
16% Mar
73%
38
—
117«
Burma Corp Am dep rets
(PH)
19%
4
Buckeye Pipe Line
Biscuit
6%
38
common
Mills
173/4
Sep
73/4 Jan
31
Detroit
Rubber Co common
(EL)
Co
173/4
—
Bruce
Butler
272
Jan
—
Brown
Burry
257a
—
•
Q $5 prior preferred™
Bunker
,47a Sep
500
4%
—
__
-
Forman
Bruck
—
0
B
Brown
43/a
4%
0
Columbia Power class A_
for Week
of Prices
Pac
Denniso* Mfg class A common
8% debenture
Sales
Range
Last
High,
Low
High
Week's
Friday
Sale Price
1
British Celanesa Ltd—
British
8 T O C K S
New York Curb Exchange
Range Since January
Shares
Lamp Co———■
Hamilton Bridge Co Ltd.
Paper
.5
—
*
10
—
<
—
287a
9
6%
287a
9%
6%
29%
6% Sep
17% Feb
672
Sep
1172
287a
Nov
52 3/4 May
Feb
'
yolume 164
/V
I,
2715
[THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4545
-vv:■■■■' 'ft
NEW YORK CURB EXCHANGE
\
Week's
Sales
STOCKS
Last
New York Curb Exchange
Range
for Week
New York Curb Exchange
Sale Price
Par
Hartford
Electric
RANGK FOR WEEK ENDING NOVEMBER 23
•
Friday
STOCKS
Light
Hartford Rayon voting trust
Harvard Brewing Co—
Low
Shares
Low
65
Hat
Corp of America B non-vot com__l
Hazeltine
Corp
*
Hearn Dept Stores common
5
20
60
4ft
4ft
43/4
1,300
3%
3%
1,500
7 ¥2
8%
1,000
14 ¥a
14%
400
——
14 Ve
Oct
72%
12 ft
12 ¥4
12%
1,500
11
12%
123/4
13 ft
1,100
23
223/4
23
•
15 ft
15 ft
15 ft
12%
13
14% Jan
Feb
23 ft Apr
Mining Co
Helena
25c
Rubinstein
Class A
Heller
Co
6ft %
4%
2
common
preferred
Oct
100
Henry Holt & Co common
Heyden Chemical common
Hoe
(R)
Hormel
5%
*
Louisiana Land
&
200
53
Sep
87 ¥4
Jun
1,400
9
Oct
17¥4
Feb
7%
3,100
6
Nov '■
100
22
Sep
90
Hummel-Ross
Fibre
Hurd
Mfg
&
39 ¥2
24 ¥2
57
59
177/a
16
18%
9,800
7%
200
7%
Hussmann-Ligonier Co
$2.25 preferred
22%
150
25
.
.1st
preferred
Hydro-Electric Securities
5%
conv
Imperial
Co
350
10 ft
73/4
423/4
44 ¥2
423/4
25 ¥»
24 ¥4
400
57 ¥2
57 ¥2
59 ¥2
16 ¥a
16 ft
16 ¥2
"
Sep
22 ¥« Jan
63ft Jun
20
3,200
39 ft
Apr
2,900
Sep
53ft Sep
81
Apr
2,400
15
23
Apr
15 ¥4
17 ¥4
2,000
5%
15 ¥2
5%
200
Oct
14% Nov
NOV
16
»
12
13 ft
Indiana
21%
11%
Sep
12% Jan
1,200
217/e
1,200
110 ft 110%
100
Cigar
Machine
110
170
80
82
86 ¥2
87
10
87 ¥2
90 ¥2
600
82
21
200
20ft
46 ¥2
80
Registered
Petroleum
400
International
International
Products
Utilities
Jeannette
Glass
Jefferson
Co
A
&
Stores
Jan
12%
Apr
18
Jun
31% May
Oct
35
12 ¥2
100
Nov
24% Jan
24%
10% Jan
500
Oct
17% Aug
7¥4 Mar
Sep
16% May
11
11
200
11
29
500
2*¥2 Nov
1%
900
1 ¥2
Jan
3
27 ¥2
1%
Jun
12% Nov
500
3%
73 ¥a
Sep
1%
63
May
3% Feb.
Oct
19
20 ft
550
19
Nov
32
Feb
1
8
8%
1,100
8
Nov
13 ¥a
Jan
•
...
lft
20
13 ¥1
1
common
15
*'
Co
12%
Apr
20
Sep
1,500
6 ¥2
Nov
7
Corp
1% pfd_.
5%
Oct
17
15 ¥4
Oct
33
Kennedy's Inc
25
Oct
22
Co common
(Walter) ft Co
9
Oct
8
31,600
17%
12 ¥4
5
22
22
300
5 ¥2
12%
600
Aug
33%
Jun
93/4
Bw>
it
400
33
5 ¥4
Feb
5 ¥4
NOV
12
Nov
15ft
Jan
12
Oct
29ft
Jan
-.
Kimberly-Clark Corp—
4¥2%
preferred
Kings Co Lighting 7%
3% preferred D
King Seeley Corp
Kingston Products
Kir by
pfd B
67
<67
.100
,
10
1
1
Oct
82 ft
12%
12 ¥a
OCt
28¥2 May;
_
4 ¥2
x4ft
5
3,100
4ft
Oct
7¥o
7¥a
7 ¥4
1,000
lis
1
1%
5,000
1
Nov
34 ¥4
19% Nov
37 ¥4
26
300
18 ¥2
18 ¥2
100
17 ¥2
1
19 ¥4
19 ¥4
20 ¥4
500
10
10
10 ¥4
900
10
16
16
100
12% Mar
Krueger
1
Co..
-
Feb
2% Feb
43
Apr,
25
is
Apr
113/4 May
6% Nov..
-:-Sep{
24 «v? Sep
•
;
Lakey
Foundry
ft
Machine
1
Lamson
Corp of Delaware——
Lane Wells Co common
Langerdorf United Bakeries
Class B—.—
Lanston
Prior
Monotype Machine
Le Tourneau
Line
Material
12%
14%
13
14%
3,800
.6%,
3,000
.5%
5 ¥2
6 ¥2
15%
16
31 ¥2
32 ¥2
32
1
..
-
Oct
Apr
July
19% May.
18ft
Jun
5
14
(R G)
Inc
5
Loblaw
common
Groceterias
class
•
A
*
14
l3/4
13 ¥4
14
11 ¥4
"lft
~1%
14 ¥4
.28
: 13 ¥2
29
14 ¥4
21 ¥a
5ft
-
6 ¥2
15%
75
31
Sep
Oct
600
13
400
21
Sep;
35
24%
12,700
900
2,000
800
9¥a
9%
1,100
*
Feb
Apr
•>
28 "
<
Oct
3ft
t
15%
Nov
:J«
Jun
Aug
243/4 May,
7%
Oct
Jan
Jan
45
?
lft July
27 ¥4 Oct
13 ¥2
20
9ft
26ft
5
24
Logansport Distilling Co——.
Lone Star Gas Corp common
1
9
10
ft
Sep
Apr
Jun
26ft
Jan
41ft
Mar
Jun
Aug
33
20% May
Nov
Feb
3%
56
Nov
17 ft
150
Johnson ft Co
6ft Mar
4¥a Oct'
8 ¥4 Nov
1% Oct
8,600
1,300
l3/4
14 ¥2
500
11%
3,500
9
38
50
36
10%
1,400
10
31
400
25
4%
Jan
18 3/4
Apr
223/a
Feb
12V3
Jan
19 Ve
Sep
Oet
Oct
NOV
31
31
—
Menasco
Merritt
Natural Gas common
Mfg Co
Chapman & Scott
6 ¥2%
Iron
1,109
Jan
Apr
,
47
Apr
24
87 ft Apr
—
"4ft
"4%
13,600
6ft
500
X8¥2
t
West
Middle
Oil
Midland
Steel
Midwest
33/4
153/4
153/4
17%
16,400
73/4
6%
73/4
275
25 ft
Jan
NOV
3ft
700
4
Jan
5ft
14% May
243/4 Apr
20 ¥4
Apr
6
wy4 Oct
900
15%
"33/4
177/a
Oct
Oct
10
1,500
5
Aug
Jan
15 y8
31% May
oct
9ft;oct
6% Nov
27 ft
150
29 ft
175
28
3 ¥2
33/4
700
10
12 ¥2
12 ¥4
12 ¥2
1,200
20
20
20
'
150
*
*
35
25ft Nov
29 V4
50
Co.
25 ft
*
shares
Abrasive
Oil
10ft
'lift
Nov
9
Products—
$2 non-cum dividend
Midvale Co common
Mid-West
2 ¥2
1
c
Corp common—
Corp $1 conv pfd
Midland
8 ¥2
200
15 ¥4
Middle States Petroleum class A V t c.l
v
3
i
Mar
9% Feb
Oct
10
10
62
5 ¥4
10
10
——1
14% May
Sep
100
X8V2
23A
Nov
1,900
6 ¥2
"2%
*
Sep
5
425
6 ¥4
1
—2.50
—
112
May
11% Jan
4¥a
15,
Micromatic Hone Corp
Jan
53
5
25c
Michigan Bumper Corp
Michigan Steel Tube
Michigan Sugar Co..
Apr
Jan
12ft
Sep
109
1
Textile Corp
Participating
preferred
8y8
26%
Oct
6 ¥4
--
—
"43/4
8ft Apr
Sep
3ys NOV
14ft Sep
—100
Co
Metal
Preferred
6,200
53/4
—
-
A preferred—
3%
15%
5¥a
3,200
3¥s
14 ft
6
5
——1
Warrants
Messabi
6
3 ¥4
14 ¥2
Memphis
Midwest Piping & Supply com
Mid-West
Refineries
Wohl Co
4¥2%
1
Minnesota
P
L
&
5%
9
•
Jan
Feb
10% Sep
;
9%Jan
14% May
:
Nov
,
47
Nov v'
3 ¥2
y
■
.
•
10ft
36 ¥4
275
35 ¥4
8%
2,000
6%
24 ft
24%
100
10 *
5%
4,700
5
Nov'
3
3ft
700
3
Sep
15
15%
1,700
lift
Jan
~8¥a
8
•
Molybdenum
Corp
.
Pictures common
Monroe Loan Society A.
1
9 ¥2
9%
1
1
5ft
5
5
15%
*
*
Moody Investors partic pfd—.—
*
Morris Plan Corp of America——.10c
189%
—
Utilities
Montana Dakota
Montgomery Ward A
Montreal Light Heat ft Power
19 ¥2
¥2
41 ¥2
5%
6,000
2%
2,900
8ft
3,600
5
¥2
2 ¥2
8 ¥2
8%
2
5c
17
-75
5
—10
Mountain States Power common
•
Mountain States Tel ft Tel
—100
Murray Ohio Mfg Co
—•
Muskegon Piston Ring
&
2ft
Muskogee Co common
•
180
1,300
39 ft
.
-
39 ft
5
23 ft
Feb
Apr
107 ft
Oct
Jan
87
20% Feb
10ft
Jan
Feb
G
,
Sep
May
18% Jun
210'A Jun
23% Feb
Nov
Oct
10% Jan
54 ¥4
Jun
6% Feb
Sep
7% Sep
10ft
Oct
32 ¥2
Apr
Oct
160 ft
Apr
132 ¥4
20
200
24
11% Jan
,
2
223/a
135% 137
Nov
Sep
93/a Nov
150
19 ¥4
39
20
1,800
188 ¥2 190
,
Mountain City Copper common
Mountain Producers
8,200
1033/4
Missouri Public Service common
Monogram
19ft May
50
July
8ya Nov
8%
35 ¥4
50
——*
100
pfd
;
3
29 Vi Aug
6Jan
Oct
Oct
18 *
3,300
•"
3
3
3
50c
common
preferred
Mining Corp of Canada
conv
18
18-19
190
10
11
700
10
21 ¥4 May
14% Oct
10
Jun
36
Sep
20
Jan
Jan
17.
Nov
\!i.
•
■'.
.
3,.
N
Car
Transit
Steel
National
Ltd
Radio
Union
Corp
-
33
Sep
1
shares
4
5,700
optional warrants—
...
Niagara Share Corp class B com
5
Niles-Bement-Pond
——•
Nineteen Hundred Corp B
1
Niplsslng
Mines—;—.—
22ftJuiy
.
„
«.«.,.,.—.6
-1
common—1
Electric..—...-
j| $6 preferredfWMW
:
23% Mar
Nov
Sep
1%
x263A May
15ft
24y* Feb.
22
Apr
Oct.
100
10
600
11 ¥2
Oct
400
10 ¥2
NOV
63/4
117
■
8~0
118
8
73/4
14 ¥3
Oct
108% Jun
35
Apr
142
Aug
16% May
6ft Oct
-.600
8
Sep
117
850
*
15
79
25
1,850
8
88
'
Jan
19
12% Jun.
Sep
Sep
6
Feb
14
.3 ft Nov
15 ¥4
Jan
43^ Feb
Oct
10 3/4
10
86%
7
863A
May
37»4 Sep
38
10 ¥s Oct
15
Oct
"21
July
15 ¥2
450
12 ft
2 2 ¥2
22ft
100 /
61 ¥2
63
22ft Nov
58
Sep
3% Nov
2
Sep
54¥4 Feb
Jan
81% Feb
•11 ¥2 Mar
4% July
Jan
•18% May
300
•
<3,200
3,300
3%
3ft
4
2ft
2y8
75
75
10ft
11
800
51
513/4
150
45
Sep
21
22
250
21
12 ¥4
2%
9%
,
10¥z
200:,
190
*
>
1()
J
9,p
31,500
'
105¥s 105 ¥4
58
f
8ft
58
26
Feb
Jan
Jan
8ft Jan,
Sep
100
100
8,200
Sep
U Sep
8% Sep
83/4
83/4
9 ¥4
700
11%
lift
4,900
12'/a
12%
123/4
l7/a
2 ¥4
3,900
17 ¥V
4,200
8,800
16
550
132
2
;
'
16
5ft
6 ¥3
141ft 146
200
•:
Jan
Feb
<
95
100 ft 101 ¥2
lft
x35
^111
112 ¥4
H
Mar
19
64ft
1
Nov
Nov
57
225
"1
Nov
75
10 ft Nov
105 ft
116 ¥3 117ft
irrft
.
32
Nov
10¥2
.
lift Aug
8ft
B
ll7/e
July
22 ¥2
,
Feb
Sep
10 ¥2
10
1
preferred.———.—100
preferred—.——100
Niagara Hudson Power common
North Amer Light ft Power
Jan
3ft
ft
105 ft
Noma
15%
1,500
Electric ft Gas $5.10 pfd-100
N Y Water Service 6% pfd-.iU—.—100
Apr
4,200
2
10
10
Merchandise
N Y Shipbuilding Corp—
22
18 ¥2
13/4
—
i
Y
Feb
2,400
50"0
—•
Omnibus warrants
Honduras Rosario
32 ft July
11 ¥4
11
•
common
Auction Co common
2d
18
29
12% Oct
10%
io3/8
5 %
700
1,150 '
61ft
Class
700
1,400
Zinc
*
25
New Mexico & Arizona Land
;—1
New Park Mining Co—,—
1
New Process Co common
————*
1st
13 ¥a
20
'
31
10 ft
Jersey
5%
17% Jan
13 ft
3
Associates
•
preferred
100
preferred.
——*
New England Tel & Tel
100
New Haven Clock & Watch Co..
•
!
4ftft conv preferred
20
Founders
Sep.
11%
$2
N
11
30 ¥•
2
6%
Y ft
3,500
21
New England Power
N Y City
143/4
10%
•
N
49% Aug
11%
5
N Y
Apr
10 ¥2 Nov
200
11
30 ft
5
(Herman)
Idea Inc
12
Nov
9% Apr
40
123/4
1
1
2
•
•
12.50
1
30c
Nesle Le Mur Co class A
Nelson
33/4 Nov
50
14ft
14¥*
*
National Tunnel ft Mines common
National
22,900
10 ¥2
4
25
National Mallinson Fabrics
National Mfg & Stores common.
National Pressure Cooker com
National Rubber Machinery
National
4ft
44 ¥4
20
*
preferred
1%
33/4
44 ¥4
1014
1
_•
National Fuel Gaa—
30
24ft Sep
9
Nov
26
,
May
10
*
25ft Mar
Locke Steel Chain—
Oct
60
10 ft
14 ¥4
III*
N Y State
29 ft Mar
9 ft
34
37 ¥2
10%
Corp common
$2.50 preferred
McWilliams Dredging
Mead
13/4
e
Massey Harris common
Feb.
"
37%
Corp—
10
Upton (Thos J) Inc 6% preferred—25
Brothers
Feb
200
-
11
lft
1
Co
23%
800
7%
1
*
25
14% Nov
12
6% Oct
—1
Development
12% Nov
10% Jam
Lionel
Lit
5ft
-
—_—5;
preferred
Oil
500
12%
13
*
Lefcourt Realty common
1
5
class A—*
i
La" Salle Ext University
Leonard
5
—.—l
lft 1%
~s%
New
Laclede-Christy Clay Prod—_
56 ft May
—£1
—
New
Lake Shore Mines Ltd.
Ltd
Co
Neptune Meter common
9ft
1
(D Emil) Co common
Kleinert (I B) Rubber bo
Apr
60
2,300
10
Klein
May
94
14
1
Knott Corp common—j
Kobacker Stores
Brewing
? NOV
12%
1
M Co Ltd
115
An#-
*67
.—100
Petroleum
Kirkland Lake G
112
100
:l
Communication
Mass Utilities Association v t 0—
Jun
124ft Jun'
Sep
18ft Jan:
100
24 ¥4
•
Kidde
•
Jan
8ft
22
;wioo
Marconi Internat Marine
Marion Power Shovel
National Breweries common
6
5"V*
*
/<
40% Jan
23
23
*
Nachman Corp new common
National Bellas Hess common
8
Jan
Sep
23/4 Oct
Oct
900
3 ¥2
3ft
3%
..1
31% Apr
24 ¥4
5
—
Jan
100
25
121
•
14ft
Jun
300
—100
Ken-Rad Tube & Lamp A
Key
8¥e
1
Kansas Gas & Elec
Kawneer Co
lliy.
800
Nov
1,600
16
K
Kalser-Frazer
>4Q
May
6ft
¥2
25
*
3 ft
Oct
7
5%
15
¥2
1%
1,200
14
6 ¥2
5%
1
700
1%
13 ¥4
6 ¥2
1
common
preferred
Kokenge
33%
Oct
/
5
Lake Sulphur Co
Brown
Sep
Jan
*
common
1
Mfg voting trust ctfs..*
Irving Air Chute
Italian Superpower A
Jun
112
39
7,200
14 ¥4
3
Royalty.—
Iron Fireman
-
13%
*
Interstate Power $7 preferred
Investors
13%
10
.
12%
12%
•
Safety Razor B
International
12 ¥2
4,700
16 ft
Jun
123
20
shs__*-
coupon
109ft
Oct
28
48 ¥2
1
12%
12ft
15 ¥4
16
21 ¥2 May
common
(The B) Co
Mapes Consolidated Mfg Co.
Miller
A.—*
shares
Oct
85 ¥2
20
International Minerals and Chemicals—
Warrants
;
International
112% Aug,
15ft Jun
46 ¥2
—50
International Investing Corp
International Metal Industries
30ft Jan
Oct
20 ¥2
20 ¥2
•
International Hydro-Electric—
Preferred $3.50 series
14% Jan
18% Sep
107 ¥4 Sep
100
6%
preferred
Insurance Co of North America.
International
Sep
100
12
13
11 ¥2
73/4 May
15% Jan
15% Jan
Oct
100
ll7/a
5
100
Service
¥2
5 ¥2
&
£1
pfd
preferred
11
U ¥2
»
Apr
15ft Aug
117
Apr
26ft Apr
9% Sep
Manischewitz
Class B
£1
Indianapolis Pow & Lt 4%
Julian
Oct
Chemical Industries—
Ireland
Class
60ft Mar
21% Jun
12
July
59
July
7% Apr
Oct
6
1,400
25%
50
dep rets regis
,
Imperial Oil (Can) coupon
Registered
;
Imperial Tobacco of Canada
Imperial Tobacco of Great Britain
Jim
Jun
12
7ft
Apr
108
Aug
Jun
37
3%
ctfs
common
Am
7%
15ft
Oct
18
45ft Jan
*
common
arrear
Zinc
Oct
600"
375
37% Oct
5
preferred
Dividend
*20% Jun
25 ft
1
Hygrade Food Products
Illinosi
Mar
10
7 ¥4
*
Co
75 ¥« May
48
7ft
Jun
48% Jan
•
1
ft July
May
33 ¥2
Sep
24
*
common
Power
May
47 ft
*
—
Com stk purch warrants——
Illinois
47% Jun
115% Mar
11
common
25 ft July
45
170
Oct
38 ft
4,400
5
117
Oct
113
113
*
2
Sugar optional warrants-
Mangel Stores
McCord
24
58 ¥4
5
Corp
Co
Aug
Sep
Sep
140
150
15
32 ¥2 May
Feb
35 ft
10
112
5
Oct
65
M
Manati
169
38 ¥2
Light $6 pfd
11%
11%
Exploration.—1
Lynch Corp
Jan
26¥4
19 ft
—
1
200
45% May
37 ¥2
36 ft
14,100
70
69ft
69 ft
Nov
Oct
8
22 ft
169
mmmm
3% Feb
lft
73¥a
1
—
Apr
Sep
*
(Harvey) Inc
& Refining
Huyler's
:
63/a
22 ft
1
'5
May
92
23 ft
2,700
100
Oil
Lock
10 ft
250
64
10 y4
--
*■
common
preferred
Humble
62 ¥2
6%
-—1
& Co common—.—*
Baking Co
•
Hardart
Hubbell
64
5
26
*
(Geo A)
Horn & Hardart
Horn ft
9 ¥2
23 ¥2
10%
10
Inc
9
9
•
High
LOW:
High
-'0.'•
16% Jan
18
113
Nov
92
f-
Range Since January
Shares
Apr
Sep
10% Oct
103 y2
10
Feb
48
15 Y* Mar
70
92
235/a
1
& Co class A—
Horder's
92
1
Hollinger Consolidated G M
Holly Stores Inc
Holophane Co common
50
19 ¥2
I Oct
20
400
106 ft 106 ¥2
100
w w___
preferred
w
w
275
■
lft
.
Louisiana Power k
Heel a
Low
»V
Long Island Lighting Co—
Common ctfs of dep
1% preferred A ctfs of dep..
9% preferred B ctfs of dep.
for Week
26 ¥2
lift Sep
*
Jun
9% May7 ¥4 Jan
Sep
3ft Sep
7% Oct
13% Nov
Sales
£
Range
cf Prices
Par
High
4
3%
Week's
Friday
Sale Frlee
Range SInee January 1
High
65
25
1
1
ctfs
of Prices
-
:-P'- JLast
v
15
May
123 Y» Feb
Apr
120
3%
Feb
13% May
Feb
11 ¥4
Oct
26 ¥«
12%
NOV
20 ¥2
111 Oct
53A
5ft
Nov
Sep
Sep
35
Apr
Feb
-
Jan
12 ft Mar
164
Apr
THE COMMERCIAL &
«•»».
.
-i
.
*
-f
*»'-".(Vv":, :.%;
...
■■«'•>-'v. ■•"•■3 .>/;
I.
II
II
EXCHANGE
NEW YORK CURB
7
RANGE FOR WEEK
Class
North
B
common
American
North
Airlines
Penn
36%
35
35
100
11
*
II
—
RR
"7%
—I
50
Co
Get
63
35
Nov
.
—
100
Feb
St.
13% Oct
21% Jan
St.
12%
6% Nov
10
100
Nov
100
106
Sep
44% Sep
pfd.100
Northern Natural Gas
20
51%
51
Northern States Power class A
*5
30
30
1
9
,
54
1,275
3,600
<-
108% July
111
Apr
Corp Ltd
pref
Lawrence
Class A $2
•
50
common
Salt Dome Oil Co—
United
87/a
9%
—•
8%
7
27%
8%
Range Since January 1
Low
High
5,000
7%
9% Mar
5% Sep
Oct
35% Jun
9%
17,200
8% Oct
15% May
10,900
2,100
Oct
12% Jun
3
Nov
10% Jan
1,900
29
1
5%
5%
6%
3%
3
1%
1%
3%
2%
2,400
21
5
,
5% July
1% NOV
59% Jun
73% May
Schlff
8% Sep
29% Sep
2,700
•
High
1
5
Corp common
Savoy Oil Co
26% Oct
1
7
27%
5
conv
Regis Paper
40
15% Apr
Apr
Scovill
Steel
-*
<D A) Inc common
Manufacturing
Sculiin
Northrop Aircraft Inc
Novadel-Agene Corp
35%
Shares
62'A May
Jan
8
Samson
Northern Indiana Pub Serv 5%
Low
Par
-
14,400
for Week
Range
of Prices
May
35
100
-
8%
6%
1
High
Low
4% Sep
5
-
Range Since January
300
Utility Securities-—•
Northern Central Texas Oil
Northeast
36
...
Last
Sale Price
High
Sales
Week's
Friday
New York Curb Exchange
Shares
Low
*
—
for Week
of Prices
'
North American Rayon class A
Sales
Range
Last
Sale Price
ENDING NOVEMBER 23 ' ' STOCKS
Week's
Friday
STOCKS
New York Curb Exchange
Monday, November 25,~ 1946
FINANCIAL CHRONICLE
Co
Schulte
common
Co
-
1
25
5%
33
13,700
12%
14%
500
1
2,000
19%
3
46% Aug
4% Sep
29% Sep
12 % Sep
9%
Jan
47
Jan
22
May
Nov
9% Jan
600
19%
Nov
30% May
2%
Oct
7
Jan
Oct
30
July
200
20
3%
3
Oct
6,700
4-4
—
__
1
Hardware
&
5
31%
12%
*
Inc—
Bros
Segal Lock
5%
32 %
*
common
Securities Corp General
Seeman
29%
4
0
Corp
Onio
Brass
Ohio
-J.
common
Power
Co
class B
4%%
Old
Poindexter
Oliver
4
15
common
Distillery
49%
300
9%
1,600
12%
50
49
39%
1
12%
—
Jun
118
54%
Sep
8%
Feb
41%
Oct
Oct
22
12% Jan
Jan
O'okiep Copper Company Ltd—
American
shares
6%
800
7%
6%
7% Nov
Oct
$5.50
Securities
I
300
17
16
—
16
26
Oct
Can Co
Semler (R B) Inc
Sentinel Radio Corp
Seton Leather common
""
Lighting $5 preferred
Pacific Power &
Light 1% pfd
Public
$1.30
1st
&
Service
Tubes
NOV
41% Feb
May
117% Apr
11% Jan
26% Jan
16% May
28% July
27
31% Jun
600
11
41%
1,000
36
*
103%
*
common
510
103% 1037/b
10
108
108
100
preferred
Page-Hersey
19%
46% July
Oct
10%
41
25
Pacific
Pacific
10% Nov
38% Sep
10%
41
•
.
"25
102% July
108
—
American
Airways warrants
Pantepec oil of Venezuela Am shs—
3%
59,500
3
Nov
14
10%
10%
11%
10,600
8'/a
Sep
13% Mar
11
Oct
20
40
39
40
39
Oct
14%
14%
15%
3
3
—
Paramount Motors Corp
v.
rf Parker
Pen
"5
Co
III
% Parkersburg Rig & Reel
■;! Patchogue Plymouth Mills
1
!•
V.
-1
\?{ Penn
'
i
Fierce
./-
Governor
63
64
9
Jan
8
700
5%
7%
7%
Oct
9
117
7%
86%
7% Nov
51% Aug
63% Apr
40'/a
407/a
40
Oct
37
37
50
37
Nov
8
8
9
2,500
8
Nov
10%
10%
11%
21
21
23%
800
•
14%
14%
11%
20%
Sep
15% Feb
13% Oct
100
"3%
9%
8,500
3
1
3
A
A
5%
5%
9%
9%
6% '
"2%
4,000
"2
17
50
"50
Pitts Bess 81 L E RR—
52
58%
8
8
8%
1,600
1
7
6%
7
5%
1,050
.5
Pittsburgh 81 Lake Erie
Pittsburgh Metallurgical common—
Pleasant Valley Wine Co
10%
1,100
9%
44
50%
7" 10
common
Mining Co.
16
25c
Powdrell & Alexander common
Power Corp of Canada
6%
■;
Pratt
1st preferred
81
6
.2.50
Jan
Sep
4%
Mar
Silex Co
6
15%
Sep
2,700
5%
Lambert Co
3,600
15%
Oct
*
Premier
Gold Mining
Prentice-Hall inc common
36%
39%
1%
1%
777771
35%
10% Jan
28% May
73
15
1st
1st
preferred
preferred
2
1%
Oct
13%
Oct
Sep
May
1
1
3%
Soss
—
111%
Puget Sound Power & Light—
$5 prior preferred
Puget Sound Pulp & Timber.
Pyle-National Co common
Pyrene Manufacturing.
*
105% 106
771*
475
22%
23
300
10
10%
Feb
103% Sep
18
Sep
xl0% Sep
800
5
—10
Apr
Nov
12
Jun
230
Sep
374
Jan
7
3
2,900
7
NOV
6,700
3
NOV
7% Feb
7
Nov
5
Oct
14% Jan
10% Jan
1,000
7%
6%
1,000
35%
700
1.0
Line
122
Jun
113% May
original preferred
25
preferrd B_
25
5%% preferred series C
25
Southern New England Telephone—100
Southern Phosphate Co new com
1
Southern Pipe Line
10
39
31% Sep
31% Jan
100
6%
Southland
__
30
6%
—
17
145
145
6%
6%
7
7
16% 17
140% July
1,500
200
1,600
*
Co.
Brewing
—
700
31
30
7%
7%
8%
500
•
2.78
1
10
1%
18%
29
1%
18%
29
3%
1%
20%
32
3%
1,400
Spencer Shoe Corp
Standard
x30%
30
—
5
Royalty Co
Dredging
Corp
Forgings Corp
Standard
Oil
class
Products
Tube
B_._—
Starrett
(The)
Corp
& Co common
(A)
Sterling Aluminum Products—
Sterling Brewers Inc
16
3%
Feb
1,500
17% Oct
'45%
Apr
400
45% Apr
8% Feb
19% Sep
10
Oct
27% Aug
30%
30%
31
3%
2,200
10,500
24% Feb
3
99
100
9% 10%
200
3
Nov
34% Aug
7% May
7% May
80
91
Oct
—
3%
3
3
3
—
—
6
—
3%
3%
1,000
1,000
6
6%
2,200
11% Sep
2% Oct
160
25
20
27%
6%
__
7%
1
—.1
Sterling Inc
(J B)
(Hugo)
Corp
Stop & Shop Inc
Stroock
(S)
Sunbeam
& Co common
Corp.—
Apr
Sun
Superior Portland Cement,
Superior Tool & Die Co
Ray Drug Co
Swan Finch Oil Corp
3%
10 %
23%
Jan
9%
Jan
5%
Oct
8%
Jan
25%
28
300
25
Nov
84% July
35% July
600
18
Jan
31
7%
1,400
31
28%
—
2%
—
*
1
Inc
*
1
—10
2,600
3%
4%
10% '12%
14
14%
2%
2%
16
16
31
33
28"%
*
5
1
•
Co common—
j
13
18
3%
13
1
*
6%
33
6%
33
14%
14%
475
6% Nov
3%
Oct
8%
Jan
10% Nov
22%
Jun
25
Feb
3%
Nov
14
1% Oct
3%
15
Oct
17%
Sep
600
287/b
Oct
49%
Jun
450
15%
29
—
Apr
Feb
10
100
27% Oct
48
Jan
300
7
33
*
4,000
29%
31
20
3%
13
29
Jan
9% Oct
3% Sep
72% Oct
1
Sterling Engine Co
Feb
,
Nov
1%
700
1
class
Jan
12
6
Sep
7% Jan
1,800
1
Co
Feb
19% May
Feb
10%
*
1
Preferred
Standard
7% Nov
13%
6% Nov
10%
__
*
B
Jun
28% Sep
3% Nov
—
10
1
(Ky)—t..
Standard Power & Light
Feb
Jan-
165
6% Nov
14%
Feb
51
32%
31%
10%
1
20
1
common
$1.60 convertible preferred
Standard
Feb
20% May
Jan
Aug
Mar
43
39% Oct
30% Apr
29% Oct
5%
27
Nov
15%
Southern California Edison—
23
.
10
May
Feb
29% May
3,800
7
5%
—
108
Feb
12% Nov
13%
34%
7
5%
12.50
South Penn Oil common
7% Jan
7%
3%
12%
7
1
1
Manufacturing common
Corp common
South Coast
Southwest Pa Pipe
49%
6
420
106
Solar Manufacturing Co
Sonotone Corp
Oct
5,500
100
•
12%
Stinnes
-
13% Nov
24% May
Feb
18% Apr
10% Jan
112
31% May
Jan
4% Sep
1
Stetson
106% Jan
20% Sep
19% Jun
169% Apr
115% Aug
39
*
1
95
20% Jan
...
Jan
Oct
14
£1
Stein
Feb
Sep
Nov
3
16%
10% Jan
12% July
*
Apr
Public Service of Colorado—
7%
25%
6%
251
Steel Co of Canada
■..
-
115
108
6
242
60
15
1%
—
12% Jun
Sep
Sep
Sep
Sep
10'
6
242
Sep
3%
Oct
19
*
1
100
15% May
Aug
9%
"9% "9%
20
—
14%
108
8%
Metals of America
1
Producers Corp of Nevadal
Prosperity Co class B—
77771"*
Providence Gas
■■ i
Jan
3% Oct
133% 139%
14
Standard
1A Sep
.77*
Pressed
..
14
Sep
July
10
100
.
4%
—
20
133%
Solar Aircraft Co—
Standard
May
27% Jan
Sep
16%
Feb
5%
Simmons-Boardman Publications—
$3 convertible preferred
Simplicity Pattern common
Singer Manufacturing Co
Singer Manufacturing Co Ltd—
Amer dep rets ord regis
Sioux City Gas & Elec Co—
3.90% preferred
Smith (Howard) Paper Mills—
Jan
10
Sep
Jan
11%
11
12
4%
19%
Feb
6%
15%
12
4%
*
Jan
Feb
5%
29
Sep
Sep
1%
*
common
14%
15%
15%
Feb
3% Nov
4%
1%
*
Feb
78%
150
Feb
104% May
111% May
11% Nov
13
100
Canada
Ltd
Breweries
Standard Cap & Seal common
Convertible preferred—
Nov
8
7l00
-
1
preferred
Sick's
47
Nov
Mar
Sep
3%
1%
__
25
15%
Nov
500
16%
*6%
50% Nov
.*
common—
Power
&
common
Sherwin-Williams of
Common
Polaris
Water
Stahl-Meyer Inc
1
Piper Aircraft Corp com—
Pitney-Bowes Inc.—
Oct
37% May
30% Jan
shsIIII
Am
Ltd
Jan
Nov
37
500
Jan
Jun
12% May
Get
62
1,000
1,100
40%
•
_
21% Jan
5% Nov
1,180
64
7%
i
Pneumatic Scale
180
.50c
common-
Gold Mines
31
Jun
♦
com
-Johnson Ltd
Pioneer
5%
5%
•
——"""720
.
Pinchin
July
May
Sep
112%
1
Philadelphia Co common
Phillips Packing Co-
■
84
56
5% Sep
Sep
3% Sep
6,400
9
8
100
2 50
""
v,.;:Pharis Tire & Rubber
^
"5% "i7/a
8
Jan
Nov
52%
50
•
Water 81 Power Co
$ Pepperell Mfg Co
•f. Perfect Circle Co
44%
Jan
43% Nov
370
57
44%
~5%
j
.<
Pep Boys (The)—__
52%
29
——.
§ penn Power 81 Light 4V2% pfd
Penn Traffic Co
,
—
Jan
59% Aug
24
14% Nov
Z*25
Penn-Dixie Cement warrants
Penn Gas & Elec class A
com—
(f
57
•
Peninsular Telephone common—
'i $1
cum preferred
Pennroad Corp common
450
1,500
Oct
8
*
Jun
109
Jan
7%
35%
2% Sep
14% Sep
82
11%
--
5
*
1
Sherwin-Williams
•
_.
pfdl
1st
11%
3%
1
1
1
1
common..
Sentry Safety Control
Serrick Corp class B
Sheller Mfg Co
•
common
3
83%
Allotment certificates
Shawinigan
Pacific
82%
Apr
P
Pacific Gas & Elec 6%
5'Ac%
1st preferred
16%
18
82%
2%
5
25
Shattuck Denn Mining—
Overseas
2%
16%
85%
stock
prior stock
Convertible
Jun
1
Industries Inc common
Selected
Jan
18% May
16% Jan
Sep
8%
9
9%
*
Inc
6.
Nov
113% Jun
20
...
,_1
United Filters B
Omar
30
700
32
115% 115%
100
2%
2,400
3%
3
30
•
common
preferred
Oklahoma Natural Gas
3
23
*
Selby Shoe Co
Ogden
400
28
300
18
62% May
34% Jan
Jan
Sep
1,300
3%
11%
6% July
26% May
Oct
25
Jan
Oct
01.'
in:
..
Quaker
Oats
common
*
6% preferred
Quebec Power Co..
95%
100
98
90% Sep
162% 163
114
Oct
189
Apr
20
May
158
•
16
Jan
Jun
Taggart
Corp
common
Tampa Electric Co common——
Technicolor
Texas
Power
Texon
l
°PtIott, Warrants-
5%
Railway 81 Light Securities
Voting common
i0
Railway & Utility InvestmentA—III.1
5,
17
5%
25,600
1%
Packing Co common
10
Raymond'Concrete Pile common
*
$3
convertible. preferred
—777*
'
:
31%
5
Oct
13
Apr
'
*
;,i (Texa$ .Corp)- vte—
Rochester Gas & Elec 4%
81
Pendleton
23%
1
——J
pfd F
Am dep rets for ord
reg____
Rome Cable Corp common
Nov
500
29
\
1%
100
107%
23%
24
Sep
1%
25%
Sep
0?
33
400
~9
16,200
30
34
Sep
44-1
Oct
Nov
15
16%
400
600
23% Nov
26
«
1%
22
10,800
6%
3,400
1%
1%
107% 107%
23% 24
Oct
1%
10
*
■
Co
'
'
Brewing
Tobacco
&
——
Stocks...—
Allied
Products
Jan
4% May
13% Feb
Sep
4% Jan
—
Apr
25% Jun
14
Oct
17
Sep
30% Aug
21
Aug
...
Trunz
17%
—
*
—
__£i
5
Co...
Ro'ary Electric Steel
Royalite Oil Co Ltd
Russeks Fifth Ave
14%
14%
1,300
5%
1,200
1,000
21% Oct
14% Nov
4%
Nov
6%
Oct
5%
*
100
.—100
—
•
1%
101%
—
110%
1%
—
7%
20%
—.77
—
page' 2717:
11%
17 Mr Oct
12%
—1
12%
IOO
6
6%
2,900
5%
5%
80O
4%
600
12% Oct
5% Oct
•
,5
74
,
Sep:
Sep
Apr
44"% May
19% Jan
13% Nov
common.
Ryan Aeronautical Co—
Ryan Consolidated Petroleum""
Ryerson 81 Haynes common
1,200-
2,000
■
13%
6%
1,800
600
100
6%
4,500
19
5%
2%
—
Oct
26% July
Oct
48:
16
Jan
26
13
Oct
22% July
7% Oct
6% nov
100
1%
1,300
260
—
—
110
111
1%
4%
—
2%
30 '
6
5%
*
—
15
Sep
10% Feb
8Y« Jun
;
9% Feb
Udylite Corp
Ulen
d
May
9%
Jan
' May
14%
Feb
Nov
Corp
—
Unexcelled Chemical Corp
Rights w i
Union Investment
Co—.
1%
4%
100
2,700
2,200
2%
3,000
1%
95
Oct
Oct
106% Oct
110
Nov
Union Stock Yards of Omaha^
.100
3% Feb
165
May
112% May
117
Aug
1%
Sep
4% Feb
4%
Nov
9% Feb
2%
20
Oct
Jan
5%
34
Feb
May
11
30££8£—100
6 £881-2,000
11
100
10%
12
3
2,400
2
Oct
5% Jan
8%
%
8%
10
3,600
8% Nov
19% July
5,600
Nov
2.500
.
•lV
%
7%
•
;—•
72
2%
—10c
10
;
Union Gas of Canada
»
10%
—1
——
Realization
Apr
.
103 %
1%
July
5% Sep
13
-
—
1
preferred
Apr
■
Sep
10% May
7% Sep
9%
59
U.
*
warrants
Inc
Tung-Sol Lamp Works
80c convertible
600
14,600
5% Oct
7%
8%
6
6
6
57
-57;
57.;-x-
;
10% Oct
17% Jun
77/b Nov
IOO
%
Jan
17% Jan
500
,
14%
10% Sep
9% May
'
7
19
Co
For footnotes see
24%
r: 4%
77712
Roosevelt Field Inc
Root Petroleum
24
17%
13 "
6%
—
—1
.
Ronson Art Metal Works
9
13%
33
1
1
1
1
Tonopah Mining of Nevada
Trans Lux Corp——
Tri-Ccntinental
110% Mar
15
123
Ltd—
Todd Shipyards Corp
;—
Toledo Edison 6% preferred
preferred
116% Sep
29
—.
dep rets ord regis——
Amer dep rets def reg
as.—*
1%
70
Jan
37
'
•
*
Exports
Tobacco Security Trust Co
8%
11%
11%
12% May
6% Nov
29% Sep
14% Nov
5
common
Co
500
100
6,400
118% 121
__
50c
Roofing Inc
Tishman Realty & Construction.
Tivoli
__
—2
Co..
Tilo
Tobacco
49
Oct
105% Jan
250
Land
100
pfd
Light 7%
^
Shovel
jun
37% Jan
34% Jan
% Nov
5%
4,200
.
Inc
-.t>'
'•>«.»•
Aug
29% Jan
'14% Oct
%
&
&
common
Amer
500
5%
Feb
60
8Va
22%
-23%
Jan
4% Feb
54%
001
'
5%
■:
7.*
Inc
Rolls Royce Ltd—.
•
15%
5
~"I
15
100
22
*
Richmond Radiator
:
71
Rio Grande Valley Gas Co—
31%
1%
.'•>
Thcw
675
1
8%
Engine~e"rlng7775
Rice Stix Dry Goods
Richfield Oil Corp warrants
Roeser
28%
Manufacturing common7~50c
Reed Roller Bit CoT.77
Reliance Electric &
,:
1%
28%
Rath
Raytheon
18
Oil
Textron
.
Inc
v5% Oct
10
55% Nov
%
Nov
11% July
8%
Feb
63%, Apr
y
!
.-''"rV;.
H-
i
■
THE COMMERCIAL & FINANCIAL CHRONICLE
Nofupe^tt? Number 4545
'•
'x
v
..
f
w
»»r^AV
»
'
'•"
** *
' *
■
•
"V '■ •'
*'
>
t
.
•
•
•
.••
•
.
.
2717 j
•• •
.
NEW YORK CURB EXCHANGE
1
1-
Friday
•.'.>:>» Last
STOCKS
Exchange
New York Curb
Week'a
Range
Aircraft
Chemicals
United
Corp
<wr nT' '
15%
32 V'Peb'
137/b Sep
3,800
23'/a
22%
24
'
10,300
84
,
14%
84
preferred
20%
100
-25c
—5
3
Jan
11%
700
10%
Oct
24%
Apr
20%
3,700
16%
Oct
30%
Jun
16
Mar
17%
Feb
;
12%
2%
1,600
127/a
3
3
27/a
3
Oct
Universal Consolidated
22
—10
20
Insurance
Universal
Products
Light common
Utah Power ft
7%
Jan
Aug
series
E
Jan
Sep
28
Sold
Range fer
January I
Low
34% Aug
550
3,000
4%
Sep
7%
Jan
20%
2,500
19%
Sep
25%
*36 %
x.>!
35
MW;
•
36
40
{
F-A
-1957
High
2965
40
36%
<
..1953
—.
39%
10
-
(July 1941 coupon)...
Power
37
59%
65
<:29
39
'39
..1952
35%
-1957
.
„
Altalian Superpower 6s
£j
j-j
35 Vi
100'A
-1952
5s
Debenture 6s
-
28 %
32
t
/
60
....
32
88
-1963
3-3
.
9
100% 1007A
82
88
89
60
36%
.
98%
2
103%
88
4
36%
..
v
36
'
63
30
"
A7s
Kansas; Electric Rower 3 %s.iUA,A,1966
Kansas Gas Electric 6s_.2
....2022
Kansas
Power & Light 3%s
Kentucky Utilities 4s
J-D
101%
i
27
*1051/4
*112
115
55%
M-S
1969
J-J
1970
J-J
*110
106%
1963
A-O
1967
M-S
__1981
J-D
Milwaukee
6s
Gas
Light
Power
112%
115%
111
UlVe
106% 106%
F-A
Midland Valley RR—
Extended at 4% to..
Nebraska
104% 105%
..
McCord Corp deb 4%S-...^.^A...1950
*103
11
104
105% 107
102%
'
104
57%
..
78
i
4%s__
4%s
series
2022
Amsterdam
New
Eng Gas & El Assn 5s
Gas
5s
57%
104%
^
58
103% 104
$105
107
__
M-S
1948
$112
4
2
-
103%
108%
104%
114
108%
,111
115
j-j
1104
104
99
105'A
98%
99%
13
97
j-d
«'i
.101%
99%
99%
99%
18
97
101%
1950
M-N
99
99
99%
74
.1961
M-N
—1947.
'5s —^■'
Conv
M-S
deb
5s
4'-'' ioa* *' '
...
New England Power 3%s
Apr
20
High
'
..1957
A7s (Aug 194* '* coupon)
Feb
4%
20
3-D
-1955
„
A 7s series F
,
27 'r' Apr
26%
20
-«
7%
Feb
Oct
1
Bead*
No.
.
,
"
4»A
4%
5
Utah-Idaho Sugar—
Apr
X23%
24
common— —10
Co
..1959
New
—10
—
,
Friday?
8% May
27/a Nov
-50c
Universal
42?
20% May
Nov
3
600
1,600
United Stores common
Oil
.
100
Oct
11%
2,100
3%
2%
<
84%
49% July
Sep
86
325
90
11%
15
350
3%
27/a
88
__
•
U S Rubber Reclaiming
12 Va
20
15%
mmmm
♦
1
warrants
Sep
100
825
46%
18%
'
1st preferred with
U 8 Radiator common:
8
8'A
717/a
19
International Securities.
and
Jan
69% Sep
46
Sep
or
Bid ft Asked
Aug
4%
10%
—
1
U S Graphite common.
294
Oct
8%
■
tmmm
1
common
U S Foil Co class B
Feb
9%
Jan
Week's Rang*
Late
Sale Prion
Beo—
A6%s (Deo 1-1941 coup),
.
V:'A7s
Oct
1%
700
Friday
interest
Exchange
AG%s series C.
Aug
46'%
'
-25
$5
85
70'A
70%
-25
common.
Preferred
U S
37 7A May
101
Jan
284
"l% "1%
—10
Specialties
21% Apr
Oct
8%
—
10% preferred
United
5 Inter national Power
'..
.100
Curb
Low
60 •:>, May
.
Mar
95
York
Period
Interstate
United, Profit Sharing^.—...
,
Oct
?
34J/a May
2% Jan
Jan.
47
..
United, Molassea Co Ltd— t
Amer dep rets ord regis—
United NJ RR & Canals
United Shoe Machinery
•>
U Sep
650
42
X40
8
Mar
11,000
14%
i,
!,1
4
High '
<
5% Nov,
3,600
!io
...
Light A Railways
participating
$3
6%
-7
United Gas Corp common
United
Low
""% "~7/a
"~%
warrants
United, Elastic? Corp.—:—
United Milk Products
•
27
common:
•
BONDS
V
New
Range Since January 1
High
5%
5%
Products 'com— ._50c
United
Shares
LOW
Par
United
for Week
of Prices
-
Sale Price
RANGE FOR WEEK ENDING NOVEMBER 22
Saleo
New
England Power Assn 5s
Debenture
5%s
North
Gas
3%s
j-j
*(
Utility Corp—
A5V2S series A (90%
c
m-n
2004
Westchester Ltg 4s
Continental'
101%
v,? :•
redeemed)_1948 t
:
101%
105%
7
:T0A%
103 :
;
;
••
•«.
103.
105%
„
,
107 %•*-..
103^
*9%
10%"
*8%
10%
109 %
180
6
6
6V4
2,000
2%
2%
13 Va
I—I5oc
13%
8%
4,100
109
10 %
5
Venezuela Syndicate Inc..
10%
109
1
(4 convertible preferred
Venezuelan Petroleum——
2%
Vogt Manufacturing—
96
2%
Oct
100
11%
Sep
Jan
4% May
24
Apr
1st mtge 3%s
1968
1st mtge 3s
Jan
12%
Sep
1,700
Jan
145
Sep
5%
Ohio Power
13%
Sep
A-O
1971
:
A-O
Pacific
Power & Light 5s_
—1955
1st mtge 3s___
1964
Pennsylvania Water & Power 3»As_1964
3'As
-•
.—
1st mtge 3%S—
Sinking fund: deb 4s,
W
<
preferred:.
Waitt ft-Bond'class-A.
7%
1.25
67/a
2%
2%
700
2
7
8'A
700
7 "
preference
Wright Hargreaves
—
16%
Sep
18
18
18%
450
15
15
16%
150
14
40%
Apr
'Feb
40%
^ kW*?
Apr
200
32%
Oct
55
Jan
13%
300
13%
Nov
29
Southern
16% Nov
38
Jun
Jan
33
Apr
Sep
19
Sep
9% Sep
108% Sep
15
Jun
31
25
18
500
8
20
350
400
13%
13
10%
~97/a
10%
10%
10%
10%
200
May
Apr
11%
Jun
17 %
Jan
Apr
Sep
11%
16
Oct
17'A Mar
7
Feb
7
7,500
Feb
2%
£1
"212
20
112
Oct
10
5s
"3%
2 159
—
*104
107
99%
C-
—
106
Southwestern Gas" St Elec 3 Vis
1970
1989
1950
....
•
.
—1946
Toledo Edison 3%s
1968
1949
-
United Electric N J 4s
Oct
6%
Feb
United Light & Power Co—
1st lien & cons 5%s....
Utah
ft Light
Power
*
Last
Period
Sale Price
Low
1961
Appalachian Elec Power 3%s
Appalachian Power deb 6s
Associated Electric 4%s
ASSOC T & T deb 5%S A
Atlantic City Electric 3%s
Bell Telephone of
1st M 5s
J-D
1970
——2024
1953
J -J
105% 106
5s series C
2%S
—
J-D
M-N
A-0
J-D
1948
fACentral States Electric 5s
1954
} A Chicago Rys 5s cfcfs (part paid).1927
Jan 1966
1950
—.—1958
.—1969
—
Conv deb 5s
Debenture 5s
;
—
Consol Gas El Lt & Pwr
1st ref mtge 3s
ser
1969
1976
Q
__
•«'* •-
1 c -''"a
1st mtge 4s ser
A
.
—
1948
1950
1963
1958
J-D
J-J
J-D
J-J
AGeneral Rayon Co 6s ser A
Grand Trunk West 4s
Mountain Power 3%s
Guantanamo St Western 6s
series
B
Service
5s
1st lien & ref
5s
Indiana
Indianapolis P St L 3%s
Jan 1949.
—
102
99
■
106%
95
96
78
107
*33
.36
J-J
^
■
;f
..
-
..
,
'
•
1950
1963
„
—
—
—
—
3
104% 104%
10
106%
106% 106%
4
48
30%
.
104%
48
107%
106% 110
H
..
,
.,v
'
a-0
104% 104%
103
F-a
105% 105%
104% 109%
*111% 114
106 '4
111% 110
M-S
J-D
A-O
J-D
115% 115%
T
1959
5s
Traction
conv
5s
F-A
103% 103%
3
Union—
debentures
f
s
66
67
*108%
18
-
..
...
>-v
:■
91 i •
fwC
.10 ? va' 11U %
109 ^
$105
^106
115
126
100% 106%
Foreign Governments & Municipalities
105
Friday
Week's Rang*
Interest
Last
Period
Bale Price
or Friday's
Bid ft Asked
bonds
102% 106%
1
New
108
106
110%
115%
7
120
111
17
115
103
....
108%
105
67
110%
141
67
112
70
50
York Curb Exchange
Agricultural Mortgage Bank
A 20-year 7s
A 20-year 7s
Bogota (see Mortgage Bank
7
125
103%
101%
70
103%
107%
40
105
109%
107%
104%
106
105
--
3
110
108%
103%
2
106%
117
126
Valley, 7s
ACauca
73
58% 61%
26% 28%
7
78
*62
..
*104% 106
106
106
*66
71
/
55%
-
7
24
(Col)—
April 1946
Jan 1947
of)
1948
124
—
1952
3-3
ALima City
Maranhao stamped (Plan A)
;>;,<■
Interest reduced to 2'/eS_.
Mortgage Bank of
*103%
—
(issue of Oct.
stamped
(Plan A)
2'As
102% 102%
—
104% 104%
106 107
Rio de Janeiro
6%s
•No
62%
g
par
SFrlday's
75
value,
'
"-
•
v-
36
50%
62
50%
44%
•
:T.
10,7
;
53
90
69%
37%
99%
27%
41
"
\; '
*31%
J-J
.2012
1919
J-D
4%
J-J
4%
'}MPxx.-,
M'
33
4%
4%
22
.'V'4%:
4%
Bt"v
;:T2
.
32%
:
a Deferred
delivery
saie.
7
A X
4
44
.
14%
14
-
a
Under-the-rule sale, r Cash sale, x Ex-dividend, y Ex-rights.
bid and asked prices; no sales being transacted durlng earrent week*
Ex-stock dividend,
n
being traded flat.
-IReported in receivership.;
106%
102%
104
104
-
2
■
23%
iv
20%
t~
M-S
2008
52
97
J-D
1921
105
3
6
to 2%
A5%s
A Bonds
15
J-D
<
Hf
31
$52
*20%
A-0
stamped (Plan A)
reduced
ARussian Government
.
—
20%
:#}
' 31%
52
M-N
1947
1927)—......1947
AMortgage Bank of Chile 6s
1931
Mortgage Bank of Denmark 5s
1972
(issue of May
A 7s
31
31
J-D
Bogota—
1927)
A7s
105% 110
—
32
*30
M-N
2008
......1951
AMedellin 7s stamped
106 "
65
—
97%
27
-'
109%
104%
1
m
99%
89
21
M-S
(Peru) 6%s stamped 1958
8
31%
92
>•
85
22,
91
tie
83%
92
60%
103%
—
94
22.-,,;
94%
:
90%
94
M-N
Danzig Port & Waterways—
A External 6%s stamped
78%
80
—
22
J-D
F-A
130
76
—
*78
1953
Interest
107%
J-J
High
*78
5s
Extended
Range Since
January 1
Bonds
Sold
Low v
High
A-0
^
Danish 5%s
81%
49%
104%
..
-102%
V"
108%
32
35%
104%
A-O
J-J
J-D
104%
7
—
*105%
—
J F-A
1970' ' M-N
-
—
A-0
J-J
i;
,<-35%
107%'.
124
99%
25
60
*--
—
A-0
Jan 1949
Hygrade Food 6s ser A
..
...
•
*101
*108
—.—1954
1964
2030
...1960
3%s
Water Power
Penn
104%
111%
120
104% 105»A
*124 124%
61
26%-
J-J
M-S
0s
+117
—
M-S
M-S
;
j
M-A
A-O
M-N
Interest reduced to
1993 s>
—1993?
109
■/■•V
Parana
3%s
1965
Elmira Water Lt & RR 5s
1956
Finland Residential Mtge Bank—
5s stamped
1961
r
106 Va 106 Va
$102% 105
104% 104%
—
r
Eastern Gas St Fuel
Green
102% 103%
103% 104%
105% 106'A
102%
103%
105%
A-0
^
108%
-
103%
108
..
2022
Waldorf-Astoria Hotel—
A 5s income debs
RR— -
mtge 4s ser B
1st
108 %
"8
.
Lackawanna of n J Division—
v-
—
104%
1954
mtge 4%s
Delaware Lack St Western
105
High
(Bait City)—
Consolidated Gas
,r
77
83%
79'A 84
56% 58%
104
104%
80
81
57
J-D
J-J
'
ki
$110% —
103% 104%
—
1981
1st ref 2%s series R_
Gen
106'A 106%
$116% 118
(Bait)—
P
1st ref mtge 2%s ser
V
2
-
Range Since
January 1
Sold
100%
+101
104%
M-S
F-A
A-0
A-0
Cities Service 5s
Bonds
Low
High
—
J-J
M-S
M-S
A5%s
101%
105%
*104
Low
1957
I960
1962
—.—1970
Bickford's Inc 6%s_—
Debenture 5s
Friday's
Bid A Asked
Canada—
series B
Boston Edison
MS
M-S
25
Co-
Debenture 6s series A
Wash
108% 1 108% 109
—
$120
122
__
101% 102
103%
103
103%
-106'A 106 "A
J-J
1955
1964
or
—
A-0
106'/a
...
Week's Range
Friday
Interest
Paper 6s
126
98
-
...1959
(Maine)—
......1952
United Light ft Railways
6s series A——.—
6s
Amer Writing
120%
X
99%
'
106
Western Newspaper
Curb Exchange
l08%^/.:'i
:'!'102%
J-J
F-A
..1946
stamped..
Stinnes (HugoMndustries—.
A7-4s 2nd stamped.
West
BONDS
172%
105% 107%
-
—
A-0
—1971
West Penn Electric
New York
157
(Calif)—
mtge 3s
A7-48 3d
15
:
:-y
.
-105%::io8':;i'k'
1
19
v
8% Nov
2,000
1
157
M-S
:
•'I04
10211 i;' 102% 103
-'t *120% 122%
J-D
Jlf-S
A-O
3V«s—1970
Gas
157
A-O
.
^
103% 103%
;
105%
live; "conv."
105%
108%
"wV when issued; "w
*bbwrl.u.M ~.a
\
rto«-"wil," ctrWicate. of
•
106%
"I
<105
107% 107%
103%
*
':X
Jun
19%
X8%
19%
California
Southern Counties Gas
1st
1965
Edison 3s.
California
-
Southern
Jan
550
2
"3
4%s
1979
San Joaquin Lt St Pwr 6s B—
1952
Scullin Steel inc mtge 2s
—1951
AStarrett Corp inc 5s
Stinnes (Hugo) Corp—
18%
6%
Ltd
1952
Safe Harbor Water
.106%
105% 108
i"1'
M-N
—
Jun
41
8%
13
perpetual certificates
Feb
13%
19%
*
6%
Oueens Borough Gas St Electric—
5%s series A—
24
.
20
f - 105
—
.1964
' J-D
1949 \
J-D
;
Spalding (A O) 5s
16%
——
—
•
102
"4
:
.
Public Service of New Jersey—
24%
Sep
:
2
v
—
107
—
M-3
.
85
-
107%
*107. A108%
•-i.
••
J-J
'
.
108
109%
104% 109%
102% 102%
-$73
J-J'
•
J-D
..1959
'
106
Mar
49
26% Nov
18
' Nov
28
Apr
155
Sep
200
27%
10
—
115
May
28
—
..—100
-
11% July
Sep"
117
25
—
' May
7
8% Nov
700
9%
8%
--
1
&%
.
Oct
112
1
Brothers common—,
6%
2,050
24% May
.9% Jun
.
——
Willson Products Inc
46% Aug
10% Mar
4% Sep
6%
—
114% Aug
Oct
8
•
Utilities $6 preferred
preferred w w—...
Winnipeg Elec common B——
Wisconsin P St L 4%% pfd—
Wolverine Portland Cement—
Woodall Industries Inc
Woodley Petroleum
Woolworth (F W) Ltd—
American deposit receipts—
5,000
Feb
Jun
Feb
4% Nov
100
10%
Oct
May
'
2%
Coal St Coke———5
Western Maryland, By. 7% 1st pfd—100
Western Tablet St Stationery com
•
Westmoreland Coal
—20
Westmoreland Inc——
10
Weyenberg Shoe Mfg
—
1
Whitman (Wm) St Co—
—
1
Wichita River Oil Corp
10
Williams (R C) St Co.:——
-•
Wilson
4%
9%
30
6%
1
Virginia
West
200
•
4%
10%
Co warrants—
Wentworth Manufacturing.
West Texas
33%
«...
1
Aircraft Corp
Warner
32
9%
19%
3% Nov
11%
900
12%
32
•
Watch Co
Ward Baking
12
111
Class B————
Waltham
200
4
12
ctfs ext..*
100
Wagner Baking voting trust
3%
3%
•
Waco Aircraft Co
:
•
..1970
—
(Can* 4%s B__
Public Service Co of Colorado—
v 108
-
F-A
Park Lexington
Power Corp
108
" *105
_.
—
-r
47
i'",
Valspar Corp common
,
105
18
'•
J-J
-
108%
100%
>105% 105%
:
,
101%
33
103% 103%
'
—,
103
97%
105%
..
101% 102%
103 %
1964
,
106%
A-O
1954
....
N Y State Elec &
N Y &
1948
..
r.,,.,L-
..
tepoat; -mat.-. tmmUtatoi.
convortiblc; "M," irortgaeoi "c-v," nor.-votlng Btock; "vto,
w/' with warrants: "xw,N without warrants, / v
.
mmn..
toting trntt certUlcatM,
THE COMMERCIAL & FINANCIAL CHRONICLE
2718
Monday, November 25, 1946
11
>3«li
*«;»'{tyn.w.i ««>w t >
jtfV<wr Mrt*-
w^-v
OTIlER STpCICpEXCHANCES
"
RANGE
FOR WEEK ENDING NOVEMBER 22
STOCKS
Baltimore Stock
Week'*
Range
Friday
STOCKS
Last
Sale Price
Par
Low
Par
Sales
far Week
ef Prices
Co
ii«tnui
bun
Burd
Butler
High
Low
—20
Fidelity A Deposit Co—.
Fidelity & Guarantee Fire CorpNew
Amsterdam Casualty—
Commercial
Seaboard
4% Feb
302
28
Feb
55% May
11%
110
11
NOV
40
164
35
160
Oct
186
Aug
40
110
38
Sep
58
Jan
25%
330
>
40
21
Nov
19%
24% Nov
37
103
103
45
103
Nov
103
13
20
13
Nov
16
43%
44%
40% Oct
54
10
35
1
50c
preferred
24'/a
OU
250
*
113% 113%
Mt
—
$100
113
Aug
91%
92
1,500
87
Jan
99%
99%
6,000
94
Jan
103% 103%
2,500
99% Jan
115
Aug
95% Jun
Corp
common
Common capital
Chrysler Corp common
165
6%
20-yr debentures
July
101
Cities
(subordinated)-
mm.mm
103% Nov
Club
Service
Co
Aluminum
Consolidated
Co
Exchange
Last
Rang#
Sale Price
ef Price*
Share#
F«r
Low
Chemical Co
*
Sugar Refining common—.100
4
Anaconda
Copper
■
Boston 6i
Boston
80
Boston
Boston
si
Ry
Traveler
.
19% Mar
40%
81
159% 164%
5,407
lft
1%
328,646
45%
50%
652
30 Vs
39 %
310
17
17
130
159%
Nov
lft Oct
Jan
52"%
Feb
Flour
Jun
2ft Nov
70%
Fox
34%
Oct
51%
20
15
Sep
25% May
Goldblatt
45
Goodyear Tire &
Apr
5%
50
4%
Oct
10%
36%
Oct
91
Lines Inc
S3
Employers
first
Group
National
Deneral
Assoc
.
*
—
Isle
Lamson
Copper
6%
Central
5%
Mass
Narragansett
Kao'g
Nash-Kelvlnator:
New
England Gas
5%% preferred
New England
Tel it Tel
North
Mining
Butte
Pacific Mills
21
Jan
Reece
Corp
500
12%
Feb
37.91
Jan
6%
30.12
40
30.12
25%
56
22
Nov
Oct
Hammond Instrument Co common—1
125
97
93
Sep
4%
25
101 %
57
4%
98%
Oct
Hupp
Apr
Oct
120
Corp
30
115
Jan
145
Jun
31
65
27
Sep
47
Apr
Aug
25
Jan
21
1,945
60
29%,
54%
515
16
28
Sep
51% Nov
310
41.58
Nov
46
Steel
Interstate
Jim
3
300
17
NOV
Oct
Feb
2%
Nov
47%
105
41
Sep
60 %
50
42
Oct
49
Apr
28 %
29%
250
16%
Jan
65
68
230
55%
Jan
75
Jun
6
6
100
5%
Sep
10%
Jun
Stores
pfd
Inc
&
Lamp
Util
jr
cum
Ext
Univ
6%
200
30
1%
95
1%
50%
100
53
17
17%
4%
Sep
28% Sep
1% Nov
14 % Mar
56% Jan
Feb
4
30
13%
45c
49
Nov
79"%
260
14%
40c
17
200
Oct
25% May
22%
300
20
Sep
16
800
13
Jan
320
6
Jan
26% July
30
May
21%.May
100
21
Nov
9%
—•
pfd
9%
55'A
50
6
5
common
%
500
400
9%
950
5%
14%
6
5%
Nov
55%
Jan
8%
Feb
57% July
1,000
x6
150
19
Jan
41
1,600
10
Nov
15% Apr
35% May
38% Apr
Sep
22
10
10%
21%
21%
22
250
20
21
150
13
32%
700
11% May
11% Mar
*
Jun
23% July
15% Mar
Sep
90
6%
9
21%
7
1
17
Jan
400
56
58% May
Oct
14%
10
•
Jan
17
Jan
30
13%
Oct
25% Jan
35c
Oct
80
500
Apr
Apr
1%
Jan
•
Miller & Hart
Inc
87
89
410
116% 120
1%
230
1%
5,450
76
Jan
132
116% Oct
142
75o
Jan
Mar
Aug
2% Feb
30%
36%
30%
Nov
1
B
common
Mickelberry's Food Prod common
Middle West Corp capital
25'A
16
25 %
25%
200
20
16
17%
900
15
Apr
Sep
10%
2,6Q0
9%
vtc
common
$1 prior preferred
Minneapolis Brewing Co common
Modine Mfg commonMonroe Chemical Co preferred
May
9%
5%
Jan
14'A
57%
Apr
25 % Nov
31% May
Sep
14%
Oct
19
May
15
1
15%
550
18%
10
18%
350
14% May
19% Aug
47%
48
190
51
55
55
42
Sep
40
54%
Feb
*
7%
7%
7%
100
6%
Jan
9
Jan
•
57%
29 %
57%
60%
800
57%
Nov
103
May
29%
29%
100
29%
Nov
36
38%
38%
50
38
Oct
50
*
33
33
20
29
29
14%
14%
*
Montgomery Ward 8c Co common
Muskegon Mot Spec class A
—
*
—
55
0
-
May
55%
Jan
_
Standard
38'A
_10
common
175
29%
Oct
47%
Apr
1,414
1,100
24%
Oct
47%
Feb
3%
2%
Sep
Northern Illinois Corp common
16
16
100
6% Feb
17% Jan
13%
13%
13%
996
12% Oct
19% Feb
Nor
17'A
17-..
17%
400
14%
Oct
23% Apr
36%
37%
345
34
Sep
46
39
39
Jun
43%
47%
Feb
Jan
Jun
43%,
9%
5
Inc
—25
common,
71
14% Mar
17%
7171%
46% 46%
700
248
33
53%
Oct
52%
Oct-
53% Aug
9% Nov
70
Sep
46% Sep
50
Nov
42%
43%
250
41% Oct
90c
100
90c
17%
17%
12%
Aug
60
62
23%
16%
Oct
25
60
21%
—*
—
190
.
37
41%
90c
—
Inc
Corp_
10
68
2,506
50
46%
1
Co
49
Sep
21%
Nov
470
18% May
85
Ayr
49% May
79% Apr
83%
Feb
2% Jan
23% Jun
66
May
39% Jan
Chicago Stock Exchange
STOCKS
Friday
Week's
Noblitt-8parks Ind Inc cap
North
American
Northwest
Car
Bancorp
common
»
Util prior lien pfd
preferred
Mfg
common
136
—100
7'A
l
.
Parker Pen Co (The)
com new25;
Peabody Coal Co class B com—
~B
6% preferred —;
•———100
Pennsylvania RR capital——
-50
Perfect Circle (The) Co..
———*
--
6%
(The)
25%
36
Last
Range
ef Price#
Share#
rat
Adams (J D) Mfg common-
Low
*
17
18
60
16%
Sep
9%
9%
200
9%
Oct
.0
6%
6%
100
6
Oct.
*
10
*
common
10
10%
17
American Public Service preferred—100
American Tel & Tel Co capital
100
;
122
17
50
122
10
160 % 163%
1%
———.
common
12
160
1%
12
m
12%
1
,
800
35,000
1,400
8% Sep
17
High
.
~"l
common
Advanced Alum Castings
Aetna Ball Bearing common
Rights w 1
Low
Sep
110
Sep
160% Nov
1% Oct
10% Sep
20% July
20% Feb
13% Jan
14% Feb
25% May
134
Feb
199 %
May
2% Nov
18% MAp
Asbestos Mfg Co common
Athey Products capital
A
3
3 &».. 3%
1,350
2%
.4
10
Aviation Corp < Delaware)
1,150
1,200
9% NOV
J
9% ir
> 6%f 6%
20 %
6% Nov
14% Feb
.5
common.
Mfg Co common
Bergboff Brewing Corp.
Blnku Mfg Co capital
Borg (George W) Corp
For footnotes see
page
(
2ft
_*
Belden
Brach & Sons (E-J)
capital
Bruce Co (E L) common
6%
M
-19%
20
10
34
"34
250
20
300
Oct
19% Oct
30
Sep
23
4
Sep
49% May
10
——*
5
2725.
Jan
13%
13%
100
17
Ocf
12% Mar
26%
13%
17%
23
1,000
150
156
NOV
136
50
130
Oct
8
1,250
7%
•6%
7%
26%
1,100
25
50
36
NOV
360
20
33 %
33%
33%
100
*
95%
95%
95%
10
23 %
23%
23%
150
15:
100
U
17%
18%
500
16
•
Oct.
32%
Sep
94
May>"
May
47% F*b
52
July
9%-Feb
23% Nov
15
4%
May
May
16
127
Oct
36%
Jun
14
.
.Sep
25
36
Feb
May
65
.
Oct
100
32
187%
184
Feb
6%
150
.
Nov
40
5,350
105r
Sep
7%
50
40
40
22%
Jan
Sep
40 %
114
37
May
24%
Jan
C»
*
Schwitzer Cummltts capital-———1
--
35%
capital-—•
8%
Corp
Swift & Co
U 8 Steel
common
15
29-
—
16
31%
400
39%
39%.
Telegraph' commott—100
Westhighause Elec 8c Mfg com
.12%
Wieboldt Stores Inc cum pr pfd
*
Bankshares
common..
-
100
15
22%
24%
48%
50;
20%
20%
67%
70%
19%
19%
21%
101
*
Woodall Industries common——*
~
"900
12%
10%
6% Nov
39% Apr
-
3% Sep
Sep
37%. Feb
Oct
28% Jun
45
JUIy
34% July
-
18% Feb
-
*
■
St-"
Jan
8% Feb
17% Mar
49% May
Oct,
.
27
45;
Sep
-,
41
Feb
May
21
'Sep
47% Oct
4ft
180.
100
20%. NOV
61% May
52% Jan
500
65%
100
19% NOV.
1,200
:
j.
Oct
14
•i
'
22%
48%
-20%
67%
59% Aug
10
"50
750
21
33%
21%
<
200
29 i
32%
-—
30
200
f
Western Union
Wisconsin
30
3%
32%
.
Sep
6% Nov
10%
20
20% Jan
25%
14% Nov
14%
20
Oct
2,100
6%
14%
k
Oct
37% July
20% Jan
100
3%
*
.
10
1,100
10%
25
..
1,300
15%
29
Trane Co. (The), common—
2
208 South. La Salle Street Corp com—•
United Air Lines Transp cap——:—5"
Oct
11%
560
49% Apr
12 % Jan
Sep
10%
31
common—5
capital
8
24
'
1,100
6%
14%
common—————
Sundstrand Machine Tool
35% Nov
150
8%
28%
26%
*
Standard Dredge common—
•
Standard Forgings common*.—
1
Standard Oil of Ind capital———.... 10
Stewart-Warner Corp common
—*
Sunbeam
806
38
26
15
26
11 %
2
—
8%
Sep
^4
'
*
Oct
~ •
-"rf
A
.21%. NOV
23
2,700
101
10
101
12
Nov
97% Fel?.
52
J&n
29% Jan
106%
Sep
12%
13%
500
10%
400
Sep
8% Nov '
19
10 '
9
900
7%
Ocf
13% May
4
1,200
3%
Oct
—5
8%
*
13%
Jan
17% Jan
30% July
11%
11%
42
41
•
12
1,200
43
41
200
?
5ft
Oct
11% NOV
22-
Feb
>
Aug
July
Feb
17%
16%
160
7% Feb
Jun
Jan
May
5%
Sangamcf Electric. Co common—.
Inc common
St Louis Nat Stockyards cap
Range Sfaiee Jan vary 1
50
37
Sep
4%
common——
Spiegel
High
Nov
19% Mar
13%
4%
1
common
Public Service of Colo common
Quaker Oats Co
33
50
135
105
t
Potter Co
22 %
100
100
156
22%
*
100
common
West
7%
South Bend Lathe Works cap (new) —5
South Coast Corp common—
—1
Sale#
fee Week
Sale Price
Bastian-Blessing Co
6
5%
A
com
23%
15%
6
15
Signode Steel Strap Co com (new) -—*
Sinclair Oil Corp—
—.•
Co
7%
21
*
Co. common
Sears Roebuck & Co
8c
Jun
13%
Serrick Corp class B common——1
Shellmar Prod Corp common—
*
Armour
38
15%
1
Common
10
Allied Laboratories
12% Aug
26% Aug
33% Aug
Jun
6%
U 8 Smelting Ref <Ss Min common—50
Corp
Sep
21%
15%
1
com
Tube
9%
Apr
43%
Sep
17%
•
Libby McNeil & Libby common
Lincoln Printing Co common—
Lindsay Light 80 Chemical com
22% July
4% Feb
19
700
6
Ken-Rad
8c
400
—
Kentucky
Nov
700
9%
1
Drug Co common
Kellogg Switchboard common—
70% May
10
22
10
common
Power $6
Brown
Jun
25
Katz
52.15 May
43%
Prod
Apr
Mar
1
31%
Venezuela Holding Corp
Admiral
24%
Feb
20%
3
common
Warrants
Jun
128
30
Jan
21%
21%
1
Co capital
Indep Pneum Tool (new)
104% May
8%
14%
20.%
9%
10
common
Hibb Spencer Bartlett common
Jun
42
Oct
Jan
Oct
82
29
*
Electric
30%
*
Helleman Brewing Co G capital—
Hein Werner Motor Parts
45%
——25
System
29
•
Feb
6
1
Jan,
26J/4
preferred.
(S D)
2,000
79%
25%
3%
Co
Westlnghouse
6%
16%
Oct
Nov
29%
U S Rubber
Warren
6
Nov
17%
Oak
Waldorf
6%
7%
48
700
(H W)
24%
—
Mach
1
50
17%
70
5
Shoe
2,800
17%
19
*
6%
7%
50%
17%
19
United
United
Jan
*
——*
Drug
68%
7%
48%
•
Leath
Union Twist Drill
United-Rexall
Sep
49%
48%
5
,1
com
25%
-
Fruit
49%
Jun
25%
La -Salle
Webster Ino——
Torrington Co
500
51
49%
10
common
Rubber
—»
Co
Shawmut Assn
Stone &
Aug
Nov
42% Apr
•
RR
Mining
Feb
52
Hernischfeger Corp
7%
'Feb
Apr
Apr
6% Nov
"18
27%
11%
16
Inc
50
25
*
common
Pennsylvania
Nov
400
Co
National
Quincy
Oct
9%
17%
51% Feb
2.50
18%
100
16
11
.
300
9%
16
Jan
87
117%
1%
19%
9%
,
•
NOV
Assn—
———*
100
Elec
&
Nov
common
9%
——1
13
Aug
34
May
30% Apr
71
22%
—
-
National Service Cos—,
Feb
111
30%
33%
17
8%
Jan
42%
764
«—
NOV
48%
Nov
289
1
3%
20
Jan
2,512
-*
Inc———1
t c_—
v
Assu
900
3%
Nov
U
■>
Util Associates
Mergenthaler Linotype
Jun
16%
31%
100
May
16%
50%
36%
100
RR common—
preferred
50'
Oct
100
Bros
Marshall Field & Co
Maine
3%
Jan
Feb
xll %
150
76
3
16
656
500
28%
9%
43%
25
12%
16 %
33%
preferred—50
Oct
150
16'/a
34
12
50%
34%
*—•
—
(Del)
Corp
15 %
30
16
34
16
Ap^
16%
29%
15
Royale Copper
Kennecutt
Apr
.
50%
.*
common
——
International Button Hole Mach Co—10
36
50%
—*
Razor Co,..
Sep
40%
20% May
41.58 41.58
Baking
Hathaway
29%
40
Nov
53%
2,700
___1%
Sep
29
32%
12%
30
•
31%
27
34
29
Jan
31%
41% Jun
Sep
73
19%
25%
9
55
.19%
1
;
Electric
Gillette Safety
.
•'
.
Stores
Capital Corp
General
*
common—
20
Oct
8% May
110
99
Jan
350
7%
128
—
Oct
7%
17%
5
Indiana
'—
21%
100
600
9
9
4,300
14%
30.12
100
100
100
May
95% May
Jan
140
10%
Illinois Brick
series A
preferred B
300
26%
120
21%
26
Jan
Associates—
1st pfd
Oct
12 %
31
4%
Oct
76
11%
30
95%
Sep
71
Great Lakes D & D common
Feb
165
24%
1
110
10
14%
10
20
120
200
20%
9
Refrigerator Co common
Gillette Safety Razor common
Jun
37%
7%
Nov
77%
Jun
65% May
27% May
10
Gibson
July
Gossard
_
Eastern
Inc
General Amer Transp common
General Finance Corp common
Motors Corp common
86% May
6%
.
JUn
14%
Jan
20%
15
com
General
Nov
6%
59
82%'
71
28%
Nov
8
80
1
(Peter) Brewing common
Sep
'45% preferred adjustment
July
17% May
Dredge &
America
34%
prior preferred——-——100
Mass Street Ry—
Common
100
,-,6%
of
72%
Trust
211
Jun
Feb
Mills
160
31
4,950
*
Four-Wheel Drive Auto
306
100
9
114% 114%
71%
*
58%
36
5%
new
Connell
76%
4%%
46%
&
76
37
7%
350
10
new
common
34%
—5
Eastern Gas & Fuel
,
Co
76
34%
—
Feb
29
common
200%
Eastern
:
Simons
Dock
55
&
Shares
Feb
15 % May
Oct
19
900
7%
19
Fitz
Jun
150
:
600
20
62
8
•
part sh vtc A
Elgin Nat Watch Co
High
Oct
Oct
Boston
Cities Service
Feb
124%
Oct
6%
1,050
Mar
Calumet & Hecla
160
220
7%
15%
44
-—100
—•
6%
13
120
RR
220
Sep
Sep
15
500
Boston
Century
—
*—
Providence
169
5%
25
Nov
110%
B
1,242
preierred
class A 1st pfd
5%
Bang# Sine# January 1
38%
•'
stamped
6%
130
Electric Household Util Corp
48%
prior
1,700
94
47
100
——100
stamped
100
Personal Prop Trust
♦,
7%
Nov
6%
Jan
113
Oct
94
126
Maine RR—
1%
13%
94
47
Corp
Oct
105
700
1,200
*
127
Elevated
Herald
340
14
1
—25
Boston
Jan
_5
common
common
——-——.100
Albany RK
Edison:
Common
46%
■
—*
Bird & Son Inc
33%
May
50% Apr
)
37%
161%
1HWoolen
Jan
39
Domestic Industries Inc class A
Low
10
41%
39%
10(1
Tel—
Rights
American
27%
NOV
Eddy Paper Corp (The)
High
41%
com
Dodge Mfg Corp
tor Week
American Agrl
St
Oct
20%
Sale#
Week'#
Friday
stocks
Biscuit
Consumers Co
Boston Slock
Ter
17%
118
7'A
lo
common—.
Uten
(The) Co Inc;
:
Commonwealth Edison common—
American
Jun
50
2
13%
20
5
Coleman
American
20%
800
iik nk
Nov
62
♦
—
Mills Inc—
Vernon-Woodbury
4%
—mt
1975
A—
series
High
10
165
5
•
Corp common
.———a
preferred
•
Chicago 8c Southern Air Lines
•
Chicago Towel Co conv preferred
*
Line Conn-
Certificate of indebt 5%—»
Transit Co 4»——1975
Baltimore
5s
350
6%
umcago
Bonrt«—
Coast
23
300
117
*
Convertible
Atlantic
20
20%
2
13%
*
Cherry Burrell
Apr
110%
-*
Range Since Jannary 1
Low
10
Apr
.2
common—
20%
Preferred
Nov
13
lien
Shares
High
20
10
Central States Pr 8c Lt preferred
Jan
*
Prior
for Wrefc
10
13%
common
Convertible preferred
Central S W Util common
Jan
—10
At Guar
D 8 Fidelity
1,074
43%
9%
164
—10
preferred——
Potomac Edison
39
1
com v t
Sugars Assoc
9%
39
11
.100
—
545
Brothers
8ales
Ran re
of Prices
Low
1
common
Castle & Co (A M) common
Central Ulinols Pub Serv S6 pfd
Central 111 Secur Corp common
31% May
13% May
23 %
Piston
Ring
^Burton-Dixie Corp
Range Since Janvary 1
Shares
High
21
9%
vtc
common
vtc
Preferred
Eastern
21
—
Week's
Laftt
Sale Price
-
Corporation
Arundel
Friday
Exchange
Yates-Amer
Mach
cap—
i
Unlisted Stocks—
36
Sep
66
May
Alleghany Corp
35%
Oct
51
May
American Radiator ft St San 00m
3%
13%.
300
13% Oct
7%
23
Apr
Feb
.,
i'~
'
THE COMMERCIAL
K
Volume 164
$:FINANCU^
OTHER STOCKS!XCHANCES
RANGE FOR WEEi£ ENDING NOVEMBER 32 r.
STOCKS
STOCKS
Friday
.
Last
.
Sale Price
Par
Halle Bros pfd
,
Harbauer Co
■
industrial Rayon (Un)_
Interlake Iron
Interlake
(Un)
Island
33 y8
Lamson A Sessions—.
Medusa
y
National
40%
34
e
•
_
com__4
new
Acme
National
11% Mar
__1Q
Portland Cement
Metropolitan Paving Brick
-
^
_
Tile & Mfg__,
N
Central
Y
Packer
1
RR
(Un)
Corp
•
'
,T
Pennsylvania
50
Radio
Corp of America (Un)
Republic Steel (Un)
Richman Bros
standard Oil
of
S
Steel
a24% a25 Va
ft43% a43%
•
a69 Va a70%
Van Dorn Iron Works
Youngstown Steel Door
10
54
*
(Un)
common
53 V2
10
Ohio common—
Thompson Products commonU
25
a25%:&26
•
*
„
38
25%
6%
*
-
.
.
25
25%
*
i,
(Un)-*
RR
38
*
Pattreson Sargent
20%
a
(Un)
al6
*
20%
al7
Watling, Lerchen & Co.
Members
New York Stock
New York Curb Associate
Exchange
Chicago Stock Exchange
Detroit Stock Exchange
Ford
4
Building
;
.
; v
Telephone: Randolph 5530
Week's
Range
Friday
Un
Sale Priee
Sales
tor Week
ef Prices
Low
100
2%
7
16 %
Brewing
Burger
33%
2%
Products
American
High
32%
Machinery.
Laundry
American
Range Sines January 1
Shares
low
16 %
200
1%
11%
—
May
May
21% Apr
11
May
13
29 y« May
56% Mar
Nov
Mar
49
Feb
20
106
Mar
45
*
.
Kahn
14%
Oct
Mar
53 Va Aug
43%
Preferred
Kroger
Oct
65% May
—
6
Jan
14
Jun
17
5
Miami guaranteed.
Magnavox
Jan
118%
Leonard
Little
28% Nov
11% Sep
18% Sep
Drug
sagle-Picner
,
115
9% Nov
Hobart class A
Oct
Oct
13% May
Oct
86
—
Crosley Motor
»
25 Va
21
22
Sep
106% Oct
—
Telephone
28% Nov
Oct
Jun
5% Mar
Cincinnati Street
Dow
Oct
12%
Cincinnati Gas & Elec pfd
Cincinnati
Mar
17% Aug
Feb
28
Gas
Jan
6
22%
Champion Paper & Fibre new.
.Churngold
Cincinnati Ball Crank.—_—
Cincinnati
46%
Jan
14
Mills
Carthage
High
32% Nov
Oct
11% May
*71
Apr
11% Jun
122
Aug
Aug
—*
National Pumps
—.—...
53% Oct
'ProcterGamble——
v.
8v/« preferred
Rapid
250
/Feb * ! 251
May
—
V. S. Printing
Preferred
Unlisted—
Rolling Mill-
American
Cities Service
—
—
City Ice & Fuel—
Columbia Gas ——
Otoersl
Motors
-
pure Oil
^Standard Brands
Bearing.
Roller
Timken
Week's
Friday
Ssles
Last
Rang#
for Week
Sale Price
ef Prices
Shares
Akron
Coach A Body——
American Tel & Tel—-—
—
-Rights
■
5%
.50c
Bi'ass Mfg
American
5
.100
__
al60
_
_
10
Controller
Clark
•
Cleveland Cliffs Iron pfd
Graphite
Cleveland
Cliffs
(Un)
Bronze
Corp
w
~1
„5
—
__
1$
173
15%
220
90%
135
a60% a60%
63
969
1U
19%
20%
2% NOV
1% Oct.
5,561
15
•
City Ice & FueL—
a29% a32%
89
13/4
<~r
»%Jun
25% May
200% Jun
5
Oct
12
Sep
164% Nov
438
50
356
5%
High
Low
13
al63%
5%
13
Range Blase Jsauary 1
High
low
Par
27%
15
84%
52
19
'
44% May
32
Jan
104% July
77
May
34% Feb
Sep
Nov
Oct
Sep
Sep
May
' a45]/8 a45V4
26
42% Jan
60
Firestone Tire & Rubber (Un)—
a43% a43%
17 Va
17%
a53% a53%
25
160
5
39
Oct
17% Nov
56
Oct
71
Feb
20
Oct
83% Apr
(Un)—-———
a36% a36%
.175
220
35
113
14
40
34% Oct
Oct
Oct
Oct
Oct
50% Oct
Consolidated Natural Gas (Un)—*-.
:
Eaton
1
Mfg
Rubber
Faultless
General Electric
General Motors
-
General Tire &
Glidden
Co
Goodrich
__
a48% a50%
—
a32% a33%
Rubb.er common—
F)
a39% a40
(Un)
a61% a61%
common—
L.
Goodyear Tire & Rubber common
Gray Drug Stores
—
.100
100>
.
Greif .Bros Cooperage new cl A.
For footnotes see page
2725.
X
a51% a51%
21%
22%
537
27%
2?%
27%
—-
72%
72%
100
46
15
204
21%
—.
Great Lakes Towing
Preferred
—
17%
new
common
(B
..l£
._44
—
12 %
47%
34
36%
61
21% Nov
27
Sep
71 ^ May
12 y8 Nov
52
Feb
80% Jan
60
Jun
56% Jun
88% Apr
77
Apr
-
.
32% May
,.
Jun
39
,
,
f
Jan
15%.V.NOV
78
.
,
Bandlni
Barker
Petroleum Company—
Bros
Corp
common
Barnhart-Morrow Consolidated
.—
Basin Oil Co——r-————.
Blue
Boles
Uiaiiiuiio
Chlca
Oil
uorv
Corp
—
Broadway Dept Store new common.
Byron Jackson Co—
sv.v-'^ •'•v^::;'*
DETROIT
-
High
Oct
•
u
& Twma
Lime
52
all V ally#
*
—p
Jaeger Machine
U,„.
Jones to JLaughlin——,—. ,
KeBev
38%
•
;r :■
High
500
k
^^■■h;^1;:!^::i :
Range Since Jsnaary 1
Lo w
50
.
—
Steamship
Shares
—*
...
-
tow
v
35
*—_',
*.—**—
'*&•;,
v S»IM
Week's
Range •' for Weak-
of Prices
g§
85% May
14
July
.
Ir
THE COMMERCIAL & FINANCIAL CHRONICLE
2720
Monday, November 25, 1946
OTHER STOCK EXCHANGES
2Z" •'
RANGF. tOE WEEK ENDING NOVEMBEE
STOCKS
Friday
Week's
Iswrt
Range
Sale Price
COMPLETE INVESTMENT
Par
Commercial
AND BROKERAGE
FAIRMAN & CO.
Solvents
FACILITIES
Exchange
»
Commonwealth 6c Southern
Unlisted Issues
Corp
ai9
25
Commonwealth Edison Co
Cons Vultee
Member Los Angeles Stock
Corp
a31%
•
—
ai5%
Continental Motors Corp
Crown
Zellerbach Corp
Curtiss-Wrlght Corp
Direct Private Wirei to
ALLEN & CO., NEW
SCHWABACHER & CO., SAN FRANCISCO
YORK
1
5
(Del.)
3
3%
10%
Kasgs Sines Jaaaary 1
■
Low
60
130
20
2,701
80
High
31% May
Mar
35%
30% Sep
32%
Nov
10%
370
10% Nov
23%
60
35% Sep
35% Sep
25
27
40
a29% a29%
__
q
19
if.
300
Oct
West 7th Street
Apr
12% Feb
33% Feb
5%
Oct
5
14
14
15 %
200
14
Nov
26
General Electric Co
TRinity 4121
LOS ANGELES 14
—
•
__
35%
35%
611
34%
Oct
51%
Goodrich
(B F) Co
Grahamrpaige Motors Corp
Consolidated Steel Corp
1
new com
Television 6c Radio
class "A"
Fitzsimmons Stores
Goodyear Tire & Rubber Co com
Inc
jade Oil Company.
Lincoln
Petroleum
Merchants
Monogram Pictures
33%
NOV
1.50
1.70
4,200
May
20% Feb
2.70 Jun
8%
14%
100
8
Oct
19% Jan
Jan
60c
15% Jun
700
8
250
9% Nov
48 %
48%
51
2,121
48
Oct
79%
a50% a53%
225
55
Nov
76
Apr
1.30
450
a50%
20 %
16
300
14%
Oct
26
27
625
25%
Oct
6%
100
16
70c
70c
6%
McKesson & Robbins Inc
Inc-
*
& Co-
Sierra Trading Corp
a20c
70c
Jun
20c
60
10%
15% Apr
40% Apr
a40% a40%
1
al0%
al0%
all
175
26%
26%
222
Co
10
•
Packard Motor Car Co
Paramount Pictures Inc
•
a21%
Pure
Oil
6%
600
8%
2,520
15%
15%
275
15%
1.30
850
1.10
Nov
21%
375
21%
No<V
21%
Feb
Oct
11
8*% Oct
6%
25%
25
a36%
*
Company
90c
20% Jan
Jun
2.30
42% Jan
3%
3%
3%
2,040
50c
50c
60c
700
5%
5%
200
14c
8%
9
Feb
8% Jan
97%c July
Oct
aso%
15% Nov
520
19% Aug
.
Sep
8%
37c
Jan
Nov
13c
1.25
1.30
1.25
4,000
15%
Apr
1
Bocony-Vacuum Oil Co
Oil
Co
la
Feb
15
15
140
12
40%
40%
345
37%
Oct
45%
52
52
120
52
NoM
68
57%
57%
217
57% Nov
65
7%
700
50
50
100
52 %c
60c
3,200
13%
13%
14%
%
1
(tod)
6%
&
Texas
Company
Nov
55
13%
38% Nov
Nov
Nov
Oct
183
a39% a39%
18%
47%
Jan
40
July
18%
57
Jan
Feb
Jun
July
52% May
49% May
141
38
283
17%
325
64% Sep
15
Sep
23
Jan
18%
18%
20%
885
18% NOV
38
a32%
a32% a327/8
66
33% Sep
41
July
July
a62% a66%
a58a58%
__
17%
a89%
a89%
100
al24%
10
Inc
17%
•
a20%
29
17%
53
145
al24% al26%
58
al9% a20%
150
Warner Bros. Pictures new
Western Union Tel Co A
24
Aug
Aug
Apr
160% Apr
22% Oct
160%
Apr
51%
Jan
Nov
36%
Jan
7%
Jan
17
17
220
3%
3%
3%
510
3% Nov
—
54%
54%
370
54% Nov
17%
17%
365
17
19%
19%
450
18% Oct
22% Aug
51% Feb
21%
22%
750
21%
39%
Jan
9%
10%
400
9% NOV
26%
Jan
a43% a46%
150
51% Oct
1
9%
10
(F W)
76% May
__
—
12%
17
21%
•
Westinghouse Elec 6c Mfg Co
Willys-Overland Motors Inc
67
119%
17
10
Company
Mar
17% Nov
92
*
Company
76% May
Sep
565
a90
5
a43%
Oct
Nov
60% May
Philadelphia Stock Exchange
1.20 May
13% Oct
% NOV
20 % May
6
STOCKS
Friday
Feb
23%
490
22
NOV
37%
1,566
17,700
36
Nov
49'/a
Apr
8c
Jun
29c
19c
Mar
Sep
July
14c
18C
1.10
*
15
6,800
34% May
1.80
15%
625
15
Oct
20% Jan
a 12% a 12%
1
50
13
Oct
26% July
15
33%
629
30% Sep
•
stores
-100
Rights wi
Baldwin Locomotive Works ▼ t c_ -—13
Bankers Securities
Budd
121
Oct
80%
80%
84%
650
26% Jun
140% Jan
6%
300
10%
10%
10%
99
23%
23%
42%
43%
b
1
Co—
472
42 Va
Feb
59% Aug
7%
Oct
14
May
Power 6c
Brothers
6
,•
Gimbel
916
.13%
Light
42%
10
:
common
48%
Lehigh Coal 6c Navigation
•
50
Lehigh Valley RR
a
13%
12% al2%
13%
14
a21% a23%
>———25
21
20%
21%
12
Nov
2,263
Oct
10
24%
Oct
21% May
27% Oct
25
2d% Nov
2,496
102
102
20
10%
10%
285
69%
69%
708
65%
19
19
19%
650
19
Oct
36
36
75
30.
Mar
10%
10%
11%
290
65c
65c
1,000
•
*
-IIII-10
Weber Showcase & Fix 1st preferred—*
-1
10
28% May
Oct
3.75
102
Nov
9% Oct
„
Mar
107
11% Oct
96% Feb
27 Va Apr
36
Nov
33%
10%
Jan
996
19%
Oct
26%
Apr
178
40%
Oct
55%
1,761
47%
Oct
80% Jan
75
33%
Nov
70
10%
11%
Feb
Penna-Salt Manufacturing—*.
575
10%
Nov
17%
Jan
8
230
6%
Oct
17
Jan
181
1% Sep
$1
preference
4.4%
■
^£—100
Philco Corp common
1.501
1,576
4,696
5% Oct
20% Sep
24% Sep
41
2% Sep
165
38% Oct
7%
125
25%
28%
26%
3.502
7% Nov
24% Sep
29%
418
82
116% 117
Jan
9%
Reo
sun
30% May V
27% Feb
116% Nov
33% July
121% May
20%
20%
21%
750
20% Nov
46%
18%
19%
328
17% Sep
33% Feb
23%
23%
25
22 Va Sep
•
46%
45%
47%
282
41% Nov
60''
•
Motors
66%
66%
67%
461
61% Sep
78% Jun
3
—1
Lt
on
-
27% ^an
47% Feb
49% July
7% Nov
18%
—
Scott Paper common.
V
5%
22%
26%
7%
26
common—
preferred
5%
25
40%
25%
.80
Pep Boys
■
Philadelphia Electric Co commotfiL—*
May
1%
21%
0
Jun
50%
37%
7
.4
•iw fcEUisiwD
Sep
48
5%
.
7%
26%
1%
Jan
1.05
10% Nov
62 %c Jun
Pennroad Corp
—
Penna Power 6c Lights
Pennsylvania RR_
Oct
Oct
6
10% Nov
25% July
13%
76%
May
33%
5
National Pr & Lt ex-distribution—•
50c
2
5
Feb
Jan
9%
69% Jun
a54
Jun
2% NOV
38%
83%
42% Jun
7%
Oct
17% Nov
122
Oct
7%
1%
454
385
Sep
a52
*64,419
11%
38%
7%
19%
88%
37
a52
1%
17%
42% May
200%
10%
310
a42% a45%
26% Oct
159% Nov
86%
280
38%
High
146
2,889
1%
77%
Low
27%
10%
"C".—
25
6% pfd class A—25
Company—
*
Standard Oil Co of Calif
•
Bunray Oil Corp—
1
a42%
26%
159% 164%
86%
Electric Storage Battery
General Motors
Pacific
26%
161%
Bsnfe Slnee January 1
High
•
Chrysler Corp
Cooper Brewing
Delaware
Low
Sales
for Week
Shares
Corp preferred. —50
Co
Oct
class
Range
of Prices
Par
American
29%
33%
Week's
Last
Sale Frlee
4% May
10
Oct
36
1.05
Yosemite Portland Cement pfd
9
25% Oct
17%
United Aircraft Corporation
United Corporation (Del.)
U S Rubber
Feb
100
39%
10
Union Carbide 6c Carbon Corp
Union Pacific Railroad Co
May
22
22
14C
: Western. Air Lines Inc
20%
170
39%
a61
25
Tide Water Assoc Oil
30% Mar
United States Steel Corp—
Universal Cons Oil Co
510
927
682
Feb
46% May
52% Sep
28% May
25
American Tel it Tel
1.05
—
Oct
1
Corp
Company
Swift
20%
a37% a38%
*
144
——;
Sep
Feb
__
Inc
176
A
33%
52
al3% al4%
al3%
28
Webster
31
Preferred
80
125
9 %
25
(N J)
&
11% May
50c
150
25c
United-Rexall Drug Inc.—
47
Jun
50
200
——1
Union Oil of California
36% Aug
Nov
Jun
18
Oct
7%
350
6%
Southern Calif Gas
i
12%
Oct
25
25%
__
Co
Stone
Aug
7%
57%
•
—•«*—*
Inc
Oct
29%
July
1
Corporation--—
5%
70
1,497
9
*
Jan
1,060
25%
__
•
Standard Oil Co
2.70 Feb
1.25 Apr
16%
36% May
29% July
a51
20%
9
•
29%
38%
Transcon fe Western Air
26
May
99% May
35% Jan
Oct
II
Sep
24% Sep
10% Apr
5%
5,000
8%
1.75 Apr
37c
50
14c
Nov
3% Sep
90c
100
51
57% Nov
Feb
a36% a38%
20%
—•
31
Transamerlca
6%
25
__
*
of America
United Air Lines
90c
Jan
Apr
19%
Jun
42c
Sep
1.20
1
•
——
47
14%
20
a30%a31%
&u
Republic Steel Corp
29%
38%
Inc
20
a21% a21%
1
Pennsylvania Railroad Co
Phelps Dodge Corp—
Pullman Incorporated
25
Textron
Sep
26% Nov
767
Standard
May
1.55
Feb
a24c
8%
15%
Southern Calif Edison Co Ltd com—25
5%
41% Sep
60
1,020
39% July
32% Feb
31% Jan
southern
175
170
15%
Company
Feb
45%
57%
American
Jan
May
a 10%
15
Oil
60% May
alO
57 v2
Ohio
Oct
Jan
45%
__
15%
North American Aviation Inc
15%
a25%a26%
__
alO
57%
Mar
33
1
preferred class B
31%
a40%
Curtis Pub Co common
6%
42
14% Nov
15%
•
RR
Railway
50
.
29% Oct
14%
•
Central
Brands Inc
10% Jun
Nov
8%
*
....
Signal Petroleum Co Calif—
Sinclair Oil Corn
Solar Aircraft Company
20%
150
356
a29% a30%
13
York
Standard
50
Nov
400
%
Stores,
•
Studebaker
Warrants
Safe*ay
10%" Oct
New
1.95 Jun
Oct
1.25
6%
26
'
Sears Roebuck
43 Va
150
ny4
Montgomery Ward & Co, Inc
-
Ryan Aeronautical Company
160
14%
•
Feb
77% May
Sep
5% Oct
a44% a45%
a29%
7
-
Loew's Inc
Southern
1.25
1.25
*
2#
10
Republic Petroleum Co common
5Vi% preferred
Rice Ranch Oil Company
Richfield OU Corp common
*
69
601
11%
•
Kennecott Copper Corp
Libby, McNeill Sc Libby.—
Woolworth
Corp common
of Canada
44
Apr
6%
Feb
1
Pacific Clay Products
facuic Gas 6c Elec common
a45%
5%
•
International Nickel Co
Radio Corp
1
a61% a63%
__
5%
Jan
10%
14
1
Pacific Indemnity Company
Pacific Lighting
NOV
12%
al5% al5%
City Lines Inc.
Ltd
Northrop Aircraft Inc
■u0,VS:
■
.?■»
Oceanic Oil Co—
X.'.Vy
16%
220
1
Corporation,
preferred
Corp
International Tel 6c Tel Corp
North
98% Apr
9%
National
Mordon
Apr
240
1
Company
Corp
31
Nov
Oct
13
—I
Manufacturing Co-
Menasco
20%
77%
16%
1
Oil Company
Mascot
16% Nov
1,163
9%
A
Lockheed Aircraft Corp—
17V4 Nov
8%
-10c
,—1
Co
18%
Feb
24
16%
1.60
1
Petroleum
23% Jan
Iron
*
136% Apr
Oct
Oct
158
lOo
10c
Kalser-Frazer Corp
Lane Wells Co
Oct
10%
16%
1,435
1
Intercoast Petroleum Corp—
76
175
22%
0
Corporation
Hupp Motor Car
537
409
13
6%.
common
80%
20%
16%
1
Holly Development Co
Hudson Motor Car Company
Aug
a64% a68%
20%
a64%
2
10
•
(The)
Corp common
Motors
May
25
11 %
16%
16%
.1
1
Garrett Corporation
33.
11 Va
16%
*
4
1
Exeter Oil Co, Ltd diss A
Hunt Foods
Oct
16%
...50c
Products Corp
Jan
45
Nov
Oct
16
11%
•
General
20
350
80%
*
1
Creameries of America, Inc
warnsworth
285
20
Preferred
Electrical
21
17 Va
16%
ft
cnrysler Corp
Colorado Fuel & Iron common-
31%
50
21
-Jl
High
Low
High
16%
.„100
—
•
Interlake
Range Since January 1
a281/e a29%
e
Packing common
California
Shares
Low
Par
Central Investment Corp—,
.Certain-teed Products
for Week
of Price*
Sale Price
Sale*
Range
Last
1
Great Northern Ry Co
Week's
Friday
STOCKS
Jan
18% Oct
230
19
6%
__
1
Electric Bond & Share Co
2IO
Apr
5% May
Jan
2% Jan
17
a36a36%
_
5
•
High
al5%al6%*
-I
1
Class A
Share#
al9a20%
a31% a32%
3%
1
Aircraft Corp
Continental Oil Co
Listed
Low
Sale*
for Week
of Prices
33 Va
Jan
Aug
July
Mining Stocks—
Alaska Juneau Gold Mng Co
Imperial Development Co Ltd
a6%
a6
.10
7c
Black Mammoth Cons Mng Co.——10
Cardinal Gold Mng Company.——*^1
Cons Chollar G & S Mng Co
—1
1.50
1.50
4c
Sep
6c
5,000
4,200
10c.
3%C
25c
5
75
9c
.,
•9c
Oct
5c
i-Sep
200
1.50 Nov
5,000
3VaC Oct
12% Feb
1BC
*
20c
■
Feb
Jan
2.80 Apr
8c
Jan
Tonopah
Mining
Amer
Smelting & Refining Co.
161
American Tel & Tel Co.
.
Rights
1%
—
1,833
18,684
Co.
1%
1%
39
.SO
39
13% Nov
47% Sep
160% Nov
130
1%
51%
Oct
150
305
"35%
Oct
Oct
12%
12%
361
10%
Sep
a84%
a84%
a87
290
85
Oct
,6%
6%
6%
350
ft
-100
Atch T & 8 F Ry Co.
Aviation
160% 162%
a52% a53%
-14
American Viscose Corp.
Anaconda Copper Mining
Armour dc Co (HI).
310
Corporation
19%
19
Baldwin Locomotive Works vtc—
Barnsdall Oil Company
Bendix Aviation Corp.
a85% a90%
a"l9% al9%
a47% a47%
265
Boeing Airplane Company.
Borden Company
12%
51
520
Cities
Service
Columbia
Gas
^—10
Co
&
•
Electric Corp
For footnotes (See, page
*
/
*'<
18%
18%
67
27%
27%
22
50
3% Oct
141/4 Feb
Oct
STOCKS
18% Nov
27
Last
Sals Fries
90%
Sep
30% Apr
50% Apr
112% Feb
60
33
Jan
33% Mar
Arkansas Natural Gas Co pfd.
65
52
Aug
52
Blaw-Knox
12
Oct
22% Feb
51% May
Aug
•a56% a57%*
*j?0
.69# Sep
8% Oct
.41
Jun,
13% Jan
•
26%"'
,268
9%
260
.
.,23% Sep
Jan
25% Feb
47% Mar
Sep
Par
Allegheny
Co
——
Gas
Devonian
Oil--——
Duquesne
St
Electric
Shares
10%
10%
15%
9%
—
—
15%
Kasft States Jaasary 1
tow
High
37% Jan
60% May
High
44%
10%
16%
45
16
80
Oct
11
31
Feb
9%
25%
555
25%
-5
75
25% NOV
27
185
24% Oct
9%
8%
Oct
14
21%
Harbison Walker Refractories
.10
17%
21%
5
20% Sep
17%
18%
57
15% Jan
-
Jan
29
■
~
Lone Star Gas
■
Jan
15% Nov
10
27
—10
'W'
for Week
43%
I—loo
—
Brewing
Bangs
of Prices
Low
•
Steel
Ludlum
.
78% May.
9%
Jan
56% July
30% Apr
it
Ate •
Week's v-rSale#
Friday
38% Jan
Jan
Oct
37% Nov
9%
.
Pittsburgh Stock Exchange
18% May
Jun
60
V —'."24%
7%
7%
ftig
119%
32%a32%,;
I" Co.......... ————...28■ •
Caterpillar Tractor Co——
12%
1,008
-13%
.'
Columbia
-
21%
44% Oct
18% Oct
3%
46%
Coal
Feb
'
Canadian Pacific Railway Co.-,—. 28
Case .J
3% Oct
10
3%
•
:>
68% Apr
'198
Aug
2% Nov
53% Sep
22%
330
685
46%
22%
4
$3
preferred
United Gas Improvement.
4% Feb
4% Feb
Jan
353
2,150
25
—25
Feb
30
80
30%
30
a85%
19
335
a22% a22%
Bethlehem steel Corp—
6% Nov
23
1% Oct
1
1%
4%
3%
20
United Corp common
Westmoreland
13%
a49 a49%
13%
RadSfe Stan San Corp—
140
1%
1%
3%
10
—
Westmoreland Inc
UnlistedStocks—
Amer
1%
1
Transit Invest Corp common—^
Preferred —i
V
July
34
5
Feb
34%ifay ^
22
July
2*725.
•
U a
'ST
[Volume 164
Number 4545
Ij,#!
THE COMMERCIAL
;
& FINANCIAL CHRONICLE
J)
'i-V ,v,.
2721
OTHER STOCK EXCHANGES
RANGE rOK WEEK ENDING NOVEMBER 23
Laat
Range
for Week
•f Prices
lalnFrlM
STOCKS—
Shares
Low
10
Mountain Fuel Supply
Kational Flreproofing
Corp
-
Ohio Oil & Gas
&
Bolt Corp
*
100
San Toy Mining
Shamrock Oil & Gas
1
—
1
United States Glass common
1
Vanadium
Alloys Steel
0
Westinghouse Air Brake
•
Weatingbouse Electric Corp com—12%
Low
High
10% Jan
954
1%
400
1
Mar
13% Jun
2% May
100
62
62
62
<6%
Jan
Nov
80
200
1%
Nov
Jan
.
36%
230
32%
Sep
3%
'48%
7%
7%
10
7y8
Oct
14 y8
48%
48%
20
70
Apr
1%
1%
15C
19%
1% May
15
12
12
241
2%
60c
f
Apr
5% Jan
33
46
28%
29%
605
26% Oct
23
715
21% Nov
39 %
'
.
,
Phone
Exchange
CRntral 9606
Exchange
Bell Teletype 6L 691
Chicago Board of Trade
Jan
STOCKS
W««k'»
Friday
Last
ef Prices
Pgr.
STOCKS
Friday
Week's
Last
Range
Sale Price
J
A
S
Aloe
Co
American Inv
Brown
Shoe
Burkhart
Low
—20
common
common.
Low
High
24
Nov
Mar
30
1
5
11
33%
Sep
45
Jun
17%
95
17
Nov
24
July
300
6
Nov
10%
1
common
7
Lacieue-cnnsty Clay Proa com
Laclede Gas Light common
*
.0
100
Laclede Steel common—
20/
16%
Feb
Wagner Electric
24%
20
.24
15
15
15
24
6 % NOV
15
Jan
20
Feb
63
Aug
13
230 //
:
320
1,095
21
5
12% Nov
271/4
Jan
30%
135"
30% Nov
411/2
Jun
60
60
25 %
25
25%
4
241/2
24%
181
Sept
27
Juu
35
50
390
24%
Nov
35%
Nov
Mar
68
88
22
Jun
32
Apr
Feb
31%
221/4 Mar
Jan
CANADIAN
RANGE
Montreal Stock
20
5
20 .*■
20
86
..
11%
27%
225
16%
Oct
25
Jun
Oct
30%
Jun
18 y8
Jan
16 y8 Nov
1,440
; 310
19%
34%
ia
common
General Electric
34%
35
35 y*
.
49 % May
Sep
common.
•
34 %
34%
36%
536
common.
General Motors
Houston Oil
I—L10
48%
48.%
50%
359
48
16%
16%
.50
16% Nov
25%
25%
7
—25
,
North American
25
25%
•
20
$2.50 preferred
24
Agnew-Surpass Shoe
Algoma
Steel
17%
6,097
14
19
9,120
15%
38%
21
•
-
55
31%
•
—.—
Aluminum Co of Canada 4%%
32
100
17
17%
805
17%
100
__
185
185
pfd—25
100-
pfd
26%
26%
52%
28
26% July
51% Oct
27%
935
23
Sep
35
Jan
19
19%
435
Sep
24
Apr
International
Power
Jun
International
Utilities
22%
22%
23
2,702
•
3%
3%
3%
3,150
28%
29%
1,070
_
_
170
Oct
216
30 '/a
27
1
20% Sep
2% Sep
35
Jan
May
5% May
2%
2%
3%
825
28
27
28
720
2% Sep
19% May
29
30
305
23%
35
Jun
14% Sep
24%
Feb
15
--
15
190
Jan
18
19%
1,165
14% Jan
25%
Jun
31
30
31
2,310
30
31%
Oct
29%
Feb
25
40c
5
9%
13%
50
Canadian Car & Foundry common
25%
40c
9%
220
—
9%
100
13%
49%
Sep
Nov
9%
Nov
50
Apr
14% May
22% Jan
47
5,267
Oct
13%
10
26%
Sep
24%
40
1,205
24%
24%
14
49%
—
Oct
53
20% Mar
Jun
29% Aug
•
20
13%
13%
13%
756
19
400
12%
18%
Sep
19
Oct
22% May
•
54%
54%
58
896
54%
Nov
78
25
Class A
Canadian Celanese
41
41
41
90
25%
25
25%
2,692
31
31
50
common
preferred
Rigths
•
Canadian
Cottons preferred
Canadian Foreign Investment
Canadian Ind Alcohol
25
•
•
common
35
35
74
14'
74
13%
35
40
Jan
Aug
44% May
July
23
Jan
25%
28%
110
72
20%
Jan
31% Aug
32
53
July
Nov
Jan
Locomotive
Oils
1,345
13%
Nov
26% May
12%
12%
13%
1,220
12%
26%
26%
675
22%
Sep
Sep
25% •.Jay
26%
*
common
Canadian Pacific
14%
•
•
B
Railway
25
46
May
i8
18%
475
15%
Jan
18%
Nov
12%
13
13%
1,980
12%
Oct
24%
Feb
Cocksbutt Plow
•
12%
12%
25
Oct
19
Consolidated Mining & Smelting
Consumers Glass
5
81%
81%
83%
1,256
77
Oct
102%
*
39
39
41
315
39
Nov
50
May
11
Sep
16
Feb
July
Davis
Leather
Ltd
Co
class
B
"
Distillers Seagrams old common
Preferred
Dominion
Bridge
•
100
Coal
Dominion
Dairies
16%
16%
11%
160
18
9,675
16%
Nov
30
320
105%
Nov
119
105% 105%
—
•
preferred.—
32
32
32%
460
31
15%
15%
17
430
13% Mar
*
common
10
Dominion Foundries & Steel
Dominion Glass
11%
12%
25
-
Dominion
11%
10
30
_
common
100
Preferred
10%
39%
37
25
13%
13%
14
25%
25%;
1,795
Jun
14
37%
Sep
Oct
May
Feb
51% July
41% Jun
12% Mar
5
Jan
Jan
23
Nov
37
Apr
Jun
45%
Sep
27%
125
37
Oct
39%
175
37
*
10
10
39%
100
Dominion Steel & Coal class B
Dominion Stores Ltd
63
30
*
39%
23
common
•
—
24
Preferred
100
Dominion Textile
Preferred
Donnacona
_
___
Paper
4%%
Jan
24
300
23
Sep
24
300
23% Feb
28% May
32% Feb
28% Jun
26
225
24%
26
*
_
pfd
93
91%
93
240
90
Jan
182
182
182
15
165
Jan
104
104
45
102
Jun
20%
20%
50
100
Donohue Bros
•r-—•
"
Dryden Paper
_
Eddy Paper conv class A
Electrolux Corporation
Enamel & Heating Products
Famous Players Canad Corp.—
Foundation Co of Canada
•
16%
61
20
1
"
*
•
25
25%
215
18
120
710
T-
17%
May
107
Aug
24
13
Jun
19%
Apr
:
44%
13%
13%
43
5
11
Ltd—:
*
Power
5%
preferred
5%% preferred
General
•
common
100
-
100
Bakeries
General Steel Wares
18
*
common
Preferred
For footnotes see
•
190
20
Sep,,7,,
16%
18%
515
15
Oct
10
10
200
17%
18
1,935
15
25
25
25
18
268
110
9%
40
18
100
page
2725.
110 110%
22% Aug
r
22
Nov;'/
16
Mar,/
Sep
6
4%
16
16
17%
470
—
105
105
2
-
14% Jan
162
4
—
31
11
Sep
-May /
17% Jan
50
11%;
34%
33
59
27%
118
12 %
16% May
Apr
28% Apr
37%- Anr
Jan
140
'
885 :
Jan
May
18% May.
Jan
Jan
25
May
Feb
Apr
60
10% Sep
50
34%
•
47
Nov
43
105
,
40
13%"Nov'
;
5 t#
..
13 1
29 y2 Aug
t
•
39% Sep
"
6
992
140
25%
8% May
38% Aug
■;
Oct
29
9,602 7
2,135 •"
'
15% Feb
Sep
17% Jan,.
33
Jan'
3,856
44
140
27
150
%'
48% '
13%
43
25%
*
37%
13
100
—
Lake of the Woods common—
170
10
157
Jan
Jan
19%
19%
75
19
Nov
23%
15%
15%
2,065
13
Oct
16% Aug
15%'
15%
15%
21%;
Preferred
21%
22
22 %
22%
—100
Se.cord
170
3
Lewis Brothers
15%
j
Massey-Harris
J
I
—
McCoK-Frontenac Oil J.——
Mitchell (Robert) -—2-,
Molson's
MbiMkl
Breweries——^.—,i—
Montreal
Cottons
34%'
common——
Oct
170
Feb
Preferred
.100
—
•
Telegraph
Montreal Tramways
*"•
May
Jan
22% July
34
Feb
20
1
May
100
105%
•
110
3%
15%
104
Jan
Jan
Sep
Sep
Oct
....
"
f
'■
235
34%-
35
13 %
32
40%
40%
20 y8
20%
33
Apr
37% Jun
Oct.
29% Feb
12'% July
820
15
Jun
July
18% Jun
5,475
19
17%
50%
A
22
"
475
715"
40%
17%
21
Apr
26% May
2,973 r
13% Sep
"1,835
Si 16 y* Jan
;.v
20%
740
Montreal
^
:
;
13'%
loo
Montreal Light Heat & Power Cons.
Montreal Locomotive Works
42
July
25%
40
16
Sep
50%
90
47
Jan
30
Jan
-
22
Feb
May
52% May
56
Feb
32
32
125
National Breweries common-
46%
46%
48%
560
43
National
13%
13%
14
430
13% Nov
14%
23
23
24'/a
1,105
Sep
24 % Mar
30%
31
May
45
Sep
72
Jan
35
Apr
185
Nov
Niagara
100
preferred
Corp
Weaving
Drug
National Steel
Car
Wire
Ogilvle Flour Mills
.
25
Noranda Mines Ltd
47
25
35
46%
50%
2,325
185
185
20
54
20
175
Jan
10
185
20
18
Jun
52
Sep
2iy2
27%
common..
Preferred
Oct
Oct
Apr
•
Ontario Steel
Products common—
Ottawa Car Aircraft
5%
Preferred
.100
Ltd
102%
*
Page-Hersey Tubes
Penmans
Placer
Development
—1
Powell
River
5%
12%
—•
54%
Oct
15
102
102% 102%
105
28
72%
69
Oct
200
Oct
23
Feb
620
28
Sep
36
12%
12%
835
10
Sep
Apr
Jan
52
55%
3,485
„
Sep
17%
Jan;
22
Mar
19%
Jan
27
Jun
20
25
Apr
26
78
15
20
215
25
25
205
25*
25
15
15
102
102
5
105
106
30
7%
7%
490
29%
30
100
—25
15
common—
Preferred
.100
Power preferred
»
6i Lawrence Corporation common..
A preferred
.50
Saguenay
Lawrence
St Lawrence
.
Flour
Mills
new
5%
preferred
July
Jan
Sep
150
39
Feb
165
Feb
113
July
Jun
273
83
1,423
20
28
235
28
175
175
10
160
Mar
14
14%
1,550
12
July
14
100
12
July
17
17%
215
17
Oct
common
.—
—
16%
,
—.—
•
16%
60
7%
8%
1,103
—
8
Tooke
Apr
100%
May
14% May
25
Apr
16%
Nov
16
Jan
Jan
106
Jun
'
Tuckett Tobacco preferred—...—,.100
101
79
80%
330
73,
Sep
92%
85
166
83
Sep
94'A May
Jun
Feb
Feb
20
>Jun?<
16
.
85
79
til
'
38% May
185
Nov
13% Sep
7%
26% Mar
Sep
Oct
101
109
..25
111
"
,
Jun
106
17
Apr
9% Mar
Sep
21%
...
Apr
July
106
6
24%
105
*
Oct
20%
103%
20%
14
common—
,
104
102
28
—
Preferred
55
Aug
105
com.
Southam Press Co.
Southern Canada Power———.
Chemicals
162
.
20%
pfd— .100
.100
Breweries
,
14
Canada
Preferred
Standard
162
.100
pfd
Paper Mills 6%
Williams t>f
Preferred
7%
...
Bhawinlgan Water & Power
Sherwin
105
Apr
102% July.
19% Apr
Sep
14:
20
St
45
17%
73%
100% Sep
130
240
25
—
.
101
20
Paper
14%
15%
Regent Knitting common
Rolland
Apr.
15%
34%
Quebec Power
...
81
14%
15
Transport
Preferred
103% Apr
34% Feb
Sep
30
Feb
Apr
20
Feb
31%
71
Feb
8%
Oct
14
100%
100
preferred
Provincial
14%
'—*
Power Corp of Canada
Price Bros & Co Ltd common
5
25
26
33%
.—*
Co
10
14%
31%
71'
common
5%
14%
_»
Ottawa Light Heat & Power corn- .100
Sicks'
20%
109
—
May
184% Aug
.
20%
20%
1G%
45%
*
Corp
Service
30
•
Steel Co of Canada commonGatineau
37%
30%
18
t
Jun
—100
common
—
21%
24
26
—
V t c
Public
(John)
Laura
May
24
Dominion Tar & Chemical
-
■.
•
18
•
60
common
Preferred
Labatt
29% July
29
—"
Canadian Breweries common
Jamaica
5% May
Jan
•
Canada Steamship common
5% preferred
650
31
*
International Paper common
International Petroleum Co Ltd
18%
•
•
8
31
Preferred
——2
25
international Nickel of Canada com—*
19
•
Corp—
77/«
•
Feb
100
Power
£1
-—
Industrial Acceptance Corp com
International Bronze common
Apr
54
if Sep
35
12% Oct
——
850
1,180 *
13% Oct
7% Jan
Nov
Feb
40%,
4,975
Sep
179
_
40
1,020
6%
.5
common-
*:
Oct*
52
12%.
1.20
3%
38
26
"
13%
150
12
80
12%
2,150
"
Canadian
Sep
Nov
•
Dredging
Northern
'Class
27%
52%
12% Feb
6% Sep
Sep
4
562
53'
AUg;
18% Jun
Sep
13%
7%
175
—
preferred
Canadian
May
12%
12%
—;—
1.20
175
Class B
1%
227
7
27%.
High
56
53% July
13%
Preferred
•
25
•
Canada Forgings class A
Canada
Jan
•
Cement
$1.30
Jan
7%
_100
Mills
Gold
Canada
103
*
Silk
53,
.
u^Low
30.
435
"
■
J»
25
Corp A
Building Products class A
27
53
Imperial Oil Ltd
*
Class B
6%
27
V
Imperial Tobacco of Canada common.S
7%
Brazilian Trac Light It Power.
Britisn Columbia Forest Products
Bulolo
Jan
Feb
*
_
British Columbia Power
6%
May
1.20
Corp
Bathurrt- PoweT & Paper class A
Bell Telephone
Bruck
•
100
.
•
Warrants
Asbestos
24
40
May
130
35
52%
50
55%,
14%,
Hudson Bay Mining at
Smelting—
26
^
;
\ :■ ■■ " •
'
Range Sines January 1
/ /.
High
55
14
•
Apr
Jan
Low
14
Howard Smith Paper common
Preferred
1
Sep
//:■>/.■
■■■
■
'
Sharee
55%
Bridge
Apr
100
'
Anglo Can Tel Co 4%%
Argus Corp common—
Hamilton
Jun
21%
40
:--i
Sales
for Week
•
22%
29
272
Week's
Range
of Prices
—50
„
Mar
16
5
190'
pfd Inc 1927
Gypsum, Lime & Alabastine
Sep
35
July
19% Sep
50
21
—100
Ltd,
38%
m
*
common
common
High
16
18
*
Preferred
Aluminium
Low
—
Friday
Goodyear Tire
16%
:■ w
-
Par
Range 81a ce Janaary 1
Low
High
Jun
33% July
Sep
:
Last
Sharee
24%
"
.
Sale Fries
for Week
Jun
73% July
Oct
NOVEMBER 22
STOCKS
18%
—20
Acadia-Atlantic Sugar A
of Prices
48%
34% Nov
LISTED MARKETS
FOR WEEK
ENDING
Sales
Range
Par
*
Oct
Unlisted-
Exchange
Week's
Last
Sale Frice
$1.50 preferred
16% Aug
31
Jun
10% Nov
75
28
16 y8
18
19
,50
20%
10%
1
Fends
Friday
Abitibi Power & Paper com
:-Z,
9% Jan
28 «Mar
5% Oct
Sep
19
.
v'.v
STOCKS
Jan
50
Feb
12%
5
Canadian
Jan
Oct
36 y8
50
7%
6%
20
<
52%
'
75
46
14%
13
6%
High
:/;/
/- 28 y2 Nov
166
6%
45'%
13
Jw
Range SInee January 1
•/••/.Low
29
40%
6%
45 y8
Sterling Aluminum common
Stix, Baer & Fuller com new
30%
common—"
Huttig S & D common
Hyde Park Brewing common
...
Feb
241/2
30%
common
28%
6%
Sharee
High
40%
10%
15
15
*
—,
> 29
> J
Midwest Piping & Supply common
"
Missouri Portland Cement common—25
St Louis Pub Serv class A com
1
15% July
12%
4
common
Brewing
100
145
6
•
.
Low
for Week
Aug
12
34 y8
17
10
Columbia Brewing common—
Griesedieck-West.
Range Since January 1
10
12
'— 1
Emerson Electric
Shoe
Shares
common
common
Knapp Monarch
for Week
24
Shoe
Key Company
Sales
33%
common—
Manufacturing
Century Electric Co
Coca-Cola Bottling common
General
International
High
24
1
common
,
of Prices
Fflf
t
Hydraulic Pressed Brick preferred—100
Exchange
Sales
Range
Sale Price
SI. Louis Slock
■
.
Louis 2, Missouri
'
New York Curb Exchange Associate
41% Jun
21%
Stock
Stock
Chicago Stock Exch.
Jan
27%
21%
York
Louis
.
■
Members
New
St.
St., St
Co.
&
1871
Established
Feb
28% May
Nov
'
300 North 4th
Jan
30%
100
33%
Jan
15c
Sep
19% Nov
11,400
33
__
33
48 %. Nov
400
20c
19%
__
Edward D. Jones
Feb
35
—
.
Feb
1%
1%
__
St. Louis Listed and Unlisted Securities
,
17% Aug
8
1%
1
Co
Range alnoe Jaiaaer i
640
7%
__
*
5
10
Pittsburgh Steel Foundry pfd
Renner
14%
5
Pittsburgh Brewing pfd
Pittsburgh Oil & Gas
Pittsburgh Plate GlassPitts Screw
14%
__
High
7%
20%
109
Feb
May
Brothers
Twin City
1——:
United Steel Corp.
*
*
*
37
,
14%
9
9%
55
'
182
14%
~9
37
182
37
-i--.
.
5
25
1,435
31
165 //
14%
Jan
Jan
Nov
8V« Jan
W'44
182
.
/'A
■
24%
13%
At>r
-Apr /
Apr
Feu
Monday; November 25, 1946
JHE COMMERCIAL1 & FINANCIAL' CHRONICLE
CANADIAN LISTED MARKETS
RANGE FOB WEEK ENDING NOVEMBER 22
•TOOK*
kriday
Week's
S»te»
Week's
Frldey
^
Kmc*
fer Week
liliPrlN
ef Prioee
Shares
Low
Viau Biscuit common
Walker Gooderham & Worts new com *
Weston (George)
—*
Wilsils
j
8TOCK8
Last
Last
High
Low
High
LOW
20
20
20
16
Jan
20
Jun
25
27%
2,510
25
Nov
31%
Oct
for Week
Bongo
Shores
of Prices
gale Price
Arno
4%c
1,000
27
27%
260
24
Oct
36% May
Aumaque Gold Mines Ltd.
67c
67c
5,500
53c
22%
14%
120
22
Oct
Apr
21% May
Band Ore
43c
45c
8,300
40c
Nov
98
99
35
95
Jan
104
Apr
9c
9%C
9c
July
*
36
36%
155
34
Jan
45
May
28
28
15
27%
July
30
Jan
10% Sep
1,048
25
—
Beotrice Red
Lake Gold Mines Ltd—1
1,500
1
31c
31c
500
Bonvllle Gold Mines Ltd
1
10c
12c
5,500
1
11c
He
500
5c
6%C
5,500
5c
5c
3,500
23,800
Beaucourt Gold Mines
Gold Mines Ltd
Brazil Gold & Diamond M Corp
Banks
.—10
-—
Commerce
20
—10
19%
22%
20
22%
791
22%
16% Jan
23
1,505
19% Jan
__10
26
26
26%
1,335
21%
Jan
27%
—10
37
37
37%
320
33%
Sep
10
24%
24
24%
2,820
20
Jan
Feb
39%
—
Montreal
24
Juiy
Apr
Apr
25% July
1
K 8
Friday
23c
23c
500
1
25c
26c
2,000
22c
Cbeskirk
1
22c
20c
24C
26,000
1
15C
15c
18C
15,500
Week's
Bangs
Shares
Low
*
6%
preferred
High
8
LOW
High
8
85
Sep
12
Jun
108% 108%
11%
11%
100
Auto
Bang# Slaee January 1
57
108.30 Oct
120
—J
1
Gold
Mines-
11% Sep
8
Brewers
Vancouver Ltd—•
15%
15%
16
65
13
Jan
American Oil Co Ltd
—•
British Columbia Packers Ltd class A_*
26%
26%
27
1,115
25
Sep
28%
Jan
14
14
14
2
14
Sep
17%
Jun
•
7
7
7%
302
6% Oct
11
1
4%
4% Sep
67% Sep
104
Apr
Apr
Nov
Joiiet-Quebec
——
—,
Brown Company common—
Preferred
3%
3%
12
12
2,785
3%
12
2
12% Aug
3% Nov
Nov
Nov
4%
4%
7,725
100
Burns & Co class A—
71%
72%
210
*
24
24
50
24
Butterfly Hosiery Co Ltd
1
9%
9%
125
8
16%
% Mar
—
9%
Calgary Power Co Ltd 6% pfd
.100
Canada & Dominion
Sugar.,,,......
Northern
Canada
Power
Ltd B_
Packers
7%
Industries
common—
Products-
180
49
18
20%
14
15%
Food
Ltd
■
77C
2
32c 37 %c
27,100
19c
12c
1
Feb
Feh
11
Jan
Oct
42c
Jun
July
5.10
43c
Jan
4.25
Sep
7.50
Jan
July
1
Macdonald Mines
15c
15c
17c
2,000
—1
Lingside Gold Mines
Louvlcourt Goldfields
2.60
2.50
2.62
6,600
3,650
5,600
500
July
Aug
O'Brien Gold Mines Ltd
1.00 July
Cons
Ltd
2.50 July
1.00 Sep
10c
1.76 May
Mar
Aug
41c
Normetal Mining Corp. Ltd
1.63
1.63
200
1.09
Jan
2.22 May
1.78
—•
1.80
,
1.90
1,000
1.70
July
Pandora Cadallic Golxl Mines Ltd—1
5,716
8c
Aug
Sep
5%
Jan
Pato
Cons Gold
Dderdging Ltd
Mines
Gold
10 %c 10 %C
10 %C
5.30
5.70
700
31 %c
37c
6,500
31 %c Nov
15c 18%c
-1
1
9,000
3.85
12%c July
4.60 Sep;
Jan
Feb
46c
7.80 May
41 %c
Nov
Yellowknife Gold
1
16c
20c
5,500
13c
Nov
42c
Apr
Sep
1
lie
11c
13c
8,000
11c
Nov
38c
Jan
29%
32%
12%
Feb
43%
Jun
98
Jan
__5°c
25 %c
25 %C
31c
20,200
25% Nov
60c
205
150 153%
2%
2%
3
3,700
49
49
50
176
12
25
12
12
140
46
174
20
Jun
Nov
62
150
18%
128
Mines
Gold
Santiago
Apr
-----
Bnerntt-Goraon
Blscoe
May
1
Mines
Feb
Feb
3.80
11% Jan
'Jan
26
140
4%
2% Sep
Gold
Mines
Mines
55c
Soma-Duvernay Gold
23c
bhc
65c
Mines
1944 Ltd..
23%
1,011
16
Mar
23%
Nov
Standard Gold Mines Ltd
15%
30
15
May
16
Jan
Steep Rock
35c
700
50
4%
50
50
4%
580
4%
6%
7
325
6% Nov
35c
162
18
79
1
—
9
9%
25c
465
Oct
90c
Jan
50
Nov
75
Jan
m**
•
4
•
—
♦
100
35c
w*
35c
Oct
6% Jan
8%
1.50
Nov
Feb
Jan
15% Jan
15% Feb
20
23
Apr
Apr
18
19
3
Nov
7%
38
Sep
19% Jan
15
Ford Motor Co of Canada class A^—
Foreign. Pow Sec 6% cum red pfd—100
8% Nov
3
Oct
45
Sep
66
10% Aug
5% Nov
8%
2
6
Jan
830
4
Oct
13%
30
47
Companies—
3,375
13
51%
1,342
•
115
115
22%
59%
23%
19% Nov
40
insurance Company——
18%; 18%
common.
32%
Jan
Oct
17%
Feb
44%
150
59 %
*
Sep
75
100
Mar
34%
70
Sep
600
3%
300
10%
25
10
35
10
5%
May
Apr
Jun
21
Apr
5% - Sep
8 %KAar
3% Sep
10% Feb
10
Investment Foundation common—.
Sep
17
Nov
Mar
14«tmtJ5
1
Lake St John Power &
Paper——
Lambert (Alfred) Inc.
,r»-jml
:
80
85
Ltd.
60
10
12
75
-
8% Jan
300
11% Sep
15
150
34
Apr
47% May
17%-Feb
21 Mr Jun
Sep
35
350
20
35
20
28%
1,090
6%
"103
6%
l47/a
14%
102
—10
Minnesota & Ontario Paper Co.:——5
Moore Corporation Ltd—
•
Mount Royal Hotel Co Ltd
*
Mount Royal Rico Mills——
•
Jan
13
20
new pfd—100
Distilleries Ltd common—*
13%'Aug
12
13%
28%
Oil 4%
85% Mar
41
41.:.:
13%
Massey-Harris Co Ltd 5% pfd——.
Feb
4
10
MacLaren Power & Paper
Co.;
Maple Leaf Milling Co Ltd--—.
Maritime Teleg & Tel 7%
pfd—.
30
2
101% July
6% Oct
306
■
16%
17%
68%
110
12
12
103
9%
9%
-
•
•
*V.*5
9
-j
104
"
11%
14% Sep
16
Sep
66
Sep
!l% Jan
1,660
68
July
,
25%
275
Jan
Jan
Aug
Jan
18% Mar
27% Mar
80%
Sep
Jun
16%
Jan
11
July
»
Nova Scotia Lt dp Pwr Co Ltd
com—*
6% preferred ——1—*.—100
Orange Crush common w
——
* %
Paton Manufacturing 1%
101 r101«
106% 106%
1
98% Jan
5
109
130
17
,
119
Feb
112
May
May
Stores——......* 50
17%
171/*
W
30
30
30/
90
30
;f7
pfd———20
—
20
20
45
14% Aug
22% Oct
46
60
■
12%
55
12%
30
30
7:'V t-
Mills
common—*——10/
Quebec Pulp & Paper 1% red
pfd—100
•
17%
55
v
,
13
/
i
525
.
30
Oct
•30
Jan
11
274
25%
Nov
..Jan
26
...
Mines
42c
100
2.30
7,000
9% C
1.45
-19,500
Jan
Jan
4.25
Feb
3.50 Feb
42c
Nov-
Jan
32c
9%c Oct
--8c
Jan'
Aug
1.49
1.20 July
1.52 July
2,500
21C
8c
9%c
Mar
Oil Stocks
Homestead Oil As Gas Ltd
Royaltte
Oil
Company
1
—
Sep
Limited
6c
6c
14%
14%
.
•
Toronto Stock
May
lie
Jun
Oct
60
4,000
14
145
.
25%
Jan*
,15
43
Jun
Nov
Friday.
Last
$2.50 preferred
Acadia-Atlantic Sugar
16%
20
—
—25
18
20%
common—
7c
Anglo-Rouyn Mines
1.02
1.00
Maj
27% Aug V
2.40 Aug
38 %c Apr
July
13 %c
Oct
90c
Sep
1.02
24,900
8.50
8.75
1.11 *
1.36
3,100
Jan
13
8.00 July
Nov
2,520
1.02
,
Apry
230
26% Sep
290
500
Feb
103
Jun
10,500
Jan
»Jan-
26
Aug
27
May
Aug
54c
Sep
99
129%
1.45
1.00
.
90c
.
Feb
1.95
Jan-
13c
9c
14c
30,500
7c
July
30c
Jan
8c
9c
7,600
6c
July
23c
Mar-
60c
_——
Apex Consolidated ResourcesAquarius Porcupine
55c
60c
5,100
50c
Oct
85c
Corp Ltd common
Preferred
Warrants
Gold Mines
Armistice Gold
,
Arntfield. Mining
..-1
..
Oct
12
93
5
93
Oct
1.25
28c
II,500
22c
Oct
87c
20,300
68c
Mar
lfie
Jnlv
19c 23 %c
19c
10
Astoria Quebec Mines
9C
325
7c
Oct
Jan
Apr
3% Feb •
55c
Jan-
Sep
-
1.70
Apr
3,000
62c
Jan
18
Apr
July
22c
Ja'n-
15c
63,700
14%
»
1.00
1,464
7c
A
Feb
102
14%
—l
;
*Ashdown Hardware class
Ashley
26 %c
———1
—
—
7
26c
————*
Arjon
895
80c
93
1,500
1.05
100
12c
7%
93
-
Jan
24 %c
11c
7%
——i
—
115
1.85
25
July
16
1.25
1.02
Argus
10
189
19c
26%
1.25
Canadian Oil
Anglo-Huronian
Area
100
42
Nov
18 %C 18 %c
26%
Yellowknife
Anglo
Ansley
550
185
185
19,250
100
17%
common
23c
17%
July
ll%c Feb
Jan
1,00 Nov
9
Apr
Jan
24
107
Sep
28
I.iZO
17
—100
-——-—
11
40%
6%C Oct
45
8,820
20c
20c
•
103
Jun
Apr
21
35% Sep
19% Sep
1,600
33
1.15
10 %■
Aluminum of Can pref
Amalgamated Laraer Mines—
American
615
1.00
Cons
Aigex Gold Mines
Algoma Steel common
Ltd
21
-
7c
Preferred
20
32%
1.00
.
Aluminium
3,010
Sep
38 %
22%
Mar
is
60
__
Akaitcho
Pacific
14
104% 104%
Gas
Agnew Surpass
.
2,355
19
-
20%
-
104%
EaxtgeSlnee January 1
Low
High
Sharee
17%
37%
__
fer Week
Hiah
16
18
new
Preferred
Acme
of Prices,
Low
Oct
87c
Feb
20c
Julv
50c
12% Mar
6c
.
16 %c
16c
18c
34,450
31c
29 c
35c
73,400
10
10 %
325
Nov
Apr'
10% Nov..
1
18c
18cv
23c
7,000
16c
Oct
55c
w—————X
Aumaque Gold Mines—
1
36c
35e-*
,38c
33,700
35c
-Nov
66e ?
74c
14,200
1,608
46c
July
Athona
Mines
Atlas Steel'
Atlas
new
*
common——4—
Yellowknife
Mines—
68c
■
Apr
May
Bangs
Par
Abitlbl Power & Paper
$1.50 preferred
Sales
Week's
Sale Pries
Auhelle Mines Ltd
May
Exchange
Canadian Funds
STOCKS
Alberta
16% Jan
5%
10%
A—
120
19% Sep
5%
3%
Hydro-Electric Securities Corp—
International Paint (Can) Ltd
May
55
10
Aug
2,000
18C
May
11
25
—10
13c
14c
2.20
2.20
2720
1
Oct
May
21%
Westville
14% Feb
37% May
5'A Jan
20
19%
Aug
July
36c
64c
14c
Villbona Gold Mines Ltd.
Sep"
24
July
4%
4
10c
2,752
Jun
33
•
8%
3,000
Jun
45
100
.•
——X
23c
.
July
Sep
6% Aug
875
„
Nov
AUg
8
55c
2.20
14c
Sep
3.65 Jan
1.07 Jan
5,000
-70c,
20C
titadacona
200
Jan
37c
55c
55c
30c
m.er
2.09'
2.09
Ltd—,
Ltd——
23
—
5
Aunor
Auto
Gold
Mlnesi
Fabrics
class
4.20
-
3.95-4.25
11%
A
150
11%
•
10
-
3.80 July
11
Oct
Jan..
1.02
Apr
1.55
Feb
7.25
Feb
-
12% Aug "
'
Power 6 %
—-—*
pfd—100
Southmount Invest. Co.
Ltd.———
—*
Corporations class B—
United Distillers of Canada
Ltd
Westeel Products
Corp Ltd——
40
35
30
Feb
41
Oct
121
10
115
Jan
132
Jun
25C
25C
5,147
17
i;
17
17
25
14
Jan
'
*
„*
40
121
25C
121
/
*
20
25
20
Nov
24
400
10
Jan
24%
&■!
24%
1.00
6
;13%
13%
•
10
30c
Jan
23
.
May
.30
Apr
Nov
36% July
29% Apr
1.00 Nov
10
1.00
''0k
May
20
LtcL
page 2725.
256
23%
|
*
———i
see
100
Rochette Gold Mines Ltd
25
footnotes
5.55
Quebec
25
For
5.55
Pitt
4,635
Windsor Hotel
5.55
12c
1.75 Jan
35
Western Grain
2.24
1.15
2%
140
United
1.15
July
Apr
18 %
Thrift Stores
Ltd—-
Oct
4Pc
3%c Aug
Jan
30%
Lid—.——
IOC
1,700
Jun
30
Sangamo Co
24,700
72c
1
Labrador Mining & Explor Co Ltd
Lake Rowan Mines
2,000
14c
65c
18%
16%
Boutnern Canada
Jan
4c
lie
65c
31
30%
2nd pfd—
9c
4c
11 %c
1
Mines Ltd
Sep
-17%
Flour
J-M Consolidated Gold Mines Ltd
30
Donnacona Paper Co Ltd.
Purity
Jan
3.60
80
Service
Apr
75c
10
40
Power Corp of Canada-*6% non conv part
65c
Nov
29
40
Pauls
Oct
20c
12c
100
——
29c
1.10
9% Nov
315
4
—
Feb
10% Sep
468
200
3.45
750
7%
Preferred
19%
897
30c
20c
11%
1.10
2%
4
Melchers
Apr
Nov
30C
10%
—
3.50
30
7%.
McColl-Frontenac
1.15
20c
U
v*
Lake Mines Ltd
1
9%
75
Co
Indian
Jan
2.05
70c
Nov
18 %
Lowney
Bollinger Consolidated Gold
Hudson "Win* Gold
Rand
AlUVtOVM
1
60
18
Hubbard Felt Co Ltd
July
Sep
1
80
20,058
common
58c
Dredging
25
18%
Halifax
Feb
195
18
—
Nov
34c
Nechi
Jan
17
A preferred
25c
1,800
10,000
New Louvre Mines Ltd
Sep
18
Great Lakes Paper
3,900
38c
61c 69%c
:—
Feb
19
17%
Goodyear Tire & Rubber of Can
50c
35c
Apr
Mar
58c
51
—
Fraser
Nov
37c
1.45
Sep
6c
Feb
178
Preferred
*——2.50
Consolidated Paper Corp Ltd—,—*
Consolidated Textile 5%.
pfd-,*—
20
Cain Ltd (R. L) ————-„————*
i
60c
91,100
37c
Mines
Mines
Heva Gold Mines
Sullivan Cons Mines Ltd
■,
3,200
7%c
Apr
1
6%
Federeal Grain Co class A__
Fleet Mfg and Aircraft Ltd.
82c
6c
18
776
Preferred
——*.**—•5
Consolidated Div Sec class A__
*
Falrchlld Aircraft Ltd—,
Fanny Fanner Candy—
75c
80
Ltd com-*
pfd
Jan
11
Commercial Alcohols Ltd common—*
7%
Goldvue
15'/*
Eastern Steel Products
Ltd—
East Kootenay Power
49c
30%
*
—
Oct
22
62
2
—
David & Frere Ltd B
pom Oilcloth & Linoleum Co. Ltd
Dominion Square Corp.
14c
11
—-——100
.—
2,500
30%
common.
Claude Neon General 'Advert
Ot' Preferred
Oct
15c
11
—w—
Products
61c
30%
—
„
5% cumulative preferred
Nov
19%
186
-
,
35c
17% NOV
20%
3*0
Catelli
Goldbeam
Pen-Ray
preferred
3,500
13% Sep
14% Sep
1,230
2%
Canadian western Lumber Co—
Canadian Westinghouse Co——
cumulative
Apr
29%
20
com-
Sep
113% May
9%
Canadian Vickers Ltd common--—
7%
108
Jan
62
.—A
Cassldy's'Limited
105% Aug
21
Sep
25
15
11% May
186
62
Feb
50c
July
8
109
50
14
Canadian Marconi Company
Silk
45
22
111
17%
15*
*
1% preferred ——————„ .100
•
Canadian Ingersoll Rand——.'i——.
Canadian Light & Power Co__
loo
Canadian Pow & Pap Inv Ltd
5% preferred
106
22
111
—
Canadian Gen Investments Ltd
Canadian
105%
*
Canada Vinegars Ltd
Canadian
106
pfd_. 100
Apr
Oct
17
Nov
—
Sep
Jan
500
1,000
6V4C
jack ioake Mines
24
Class B
1,36
1.45
5
99c
35c
*
of
Apr
2.25 July
99c
Nov
55c
15c
Formaque Gold Mines Ltd
Gold
*
Distill
55c
Jan
35c 38 %c
—
Found Lake
Ltd
British
1.85
Jun
50
20c
Feb
70C
55C
Fontana Mines (1945) Ltd
Fabrics class A
Brand & Millen Ltd A—
—
Aug
July
Aug
99c
99c
1
Brandram-Henderson
*
26c
500
1
Sol
Aug
75c
2,300
Mines Ltd
45c
1,500
20c
new
Oct
1,500
3.35
Gold
fer Week
ef Prices
Par
Works
Mines
Apr
15c
32c
20C
Feb
43c
28c
1.31
3.00
Jan
49c
10c
July
July
32c
Mines
El
gales
gals Fries
Ltd
Elder
60 % c Mar
Nov
16c
9%c Oct
1.24
Mines
Gold
Sullivan
Eldona
Last
Jan
Jan
17C
East
*
15c
13c
1
Duvay
Jan
Jan
Mar
18c
Nov
1
1.24
May
5c
1
f>
34c
57c
30c
5c
Cartier-Malartic Gold Mines Ltd
Mines
Nov
Sep
July
Central Cadillac Gold Mines Ltd
Donalda Mines Ltd.
Montreal Curb Market
5c
Centremaque Gold Mines Ltd
Century Mining Corp Ltd
16 %c 17 %c
47c
31c
Nov
9%c Oct
5C
Cortez Exploration
Cournor
Mining
Canadian Funds
Feb
27
Bouscadillac
Canadienne
1.50
July
22
13%
common
common.
preferred
11 %c Jan
Sep
*
common—
Preferred
Canada
4c
*
——
Zellers Limited
&
High
Low
4c
Ltd
Mines
100
Ltd
Winnipeg Electric
6%
Bongo Sines January 1
High
Mining Stocks
.
3.00 May
22
■
nil.
J an
13 %
Nov
mil
Bagamac Mines
Bankfield Consolidated MineWi
—1
Bank of Montreal
.——10
Bank
of
Nova
Scotia
Bear
18 c
14 %c
26
26
21c
15c
26%
.
4,500.,
2,000
495
;
■
'
10
.
37-
335
37
39
37
37%
135
8%c
-,
37
10
:
Bank of Toronto—*.——
Base. Metals
Bathursfc Power class
18c
14%C
;
9c
3,000
19
25
A——,
"—*
19
Exploration ft Radium
1
61c
72c
32,225
1
33c
40c
37,100
1,224
Beaulieu
Yellowknife—
Bell Telephone of Canada—
175 179%
15%c July
12c
July
21% Jan
32% Oct
Feb
32%
58c- Feb
Apr July
July >
40
38
7%c Jan
24
Jun
28c
18
■
Sep
:
Jan-
24c
27
>
Jun
57c
July
33c
NOV
,1.64 Jan >
2.65 May u
Oct
216
170
Jun
s
Volume 164
Number 4545
.THE COMMERCIAL' 4 FINANCIAL CHRONICLE
CANADIAN
LISTED MARKETS
RANGE FOE WEEK ENDING NOVEMBER £2
WA*
Wwl'l
Sale Price
Low
Bertram
&
Sons
class
Bevcourt Uold Bldgood Klrkland
■.
Boom
I
Gold
~
Hftft
"
122^
ftftftft ft"ft
GolT~Mines".~"~~
i
idft
Bralorne Mines, Ltd
n2fa
4
Hv
3
.
25
—
Brewers & Distillers
Brewis Red Lake Mines_
coml
A
3A
'27
British Columbia Power
class
Flin
Calmont
Oils
Class
3%
'
icj/
15/2
Alf
15 A
1
New
.
'"}
98
A
30,650
13c
12,900
19'Snn
4°C July
95c
Jniv
Jan
2% Sep
'eOO
Oct
85®
5.000
15c
JulV
1L
34,800
15c
Jun
97c
291/2
21%
2972 291/2
""
3
3/4
-J
23c
22®
29c
I-36
1*70
I-65
-
7>?00
16 .16 /\
——
.
"
15c
13c
—
II
70%
70% •
30%
JO/2
181/2
ft_ftftftftftft 20
^
pfdftlftft'
1
.—
2
Foundry class
1931
J1
"•*
Canada
Malting
~m
"•
ftftftlft"
Power_^ftftft" ft ftftftft
1?1
95
Mortgage
17
July
Apr
A utl
2
187
Canadian Bank of Commerce
""
"#
II_ftftftftft
—i.
AO
00
on
20
10
28%
V
common^
58
58%
A
Canuaian
com
Canadian
25% Jun
31 Vx Drt
'
*
Castle
Quartz___
Central
Patricia Gold
Central Porcupine
"J
-1
Centremaque
-1
Chartered Trust
Chemical
-I_-111111111111" 1100
Research
Ohesterville Larder Lake
Chromium
Circle
ft.,*, ft"
GoM Mlnes"-1
"ftft
—
Cltralam
Class
2.70
.
~
2 00
—
--
__
2.70
.
1.40
-
*ftftftft
_1
10Vic
Oct
4
19%
Nov
32%
Jan
27o
Oct
75c
Feb
28c
34o
2.90
2.90
3.00
.,)T
5,500
.
,
2,425
5%
♦
common
preferred
17%
18% '
109% 109%
—•
.—•
-
General Products Mfg class A
General Steel Wares common
4
—
ft:
17
—1
Lake-Porcupine Gold
Glecora
Gold
10%Mar
150
15Va
3,295
12c 12 %c
Gold
—
Eagle Mines^
57c
55c
Gate
5,500
6c
59c
—1
Golden Arrow Mines
Golden
5%c
1,600
ft
9,400
18c
18c
2,000
25c
31c
16,600
13%c 15%c
9,400
81c
80c
.90c
4,800
—1
30c
17,100
19c
26c
17%c
32c
—*
Mining
19c
18,300
2.90
2.80
3.00
30,350
311
111
55
55
Aug
.
—i
Goodyear
Tire
Preferred
14% Feb
44% July
211/2 Apr
205
Mar
Mines
—
-50
—
Gordon MJKay
Class
Rubber
it
.—1
common. .—•v.
class A
—•
B
11%
—
11%
Feb
53
Jun
20
Ma?
Oct
25
Jan
23
—•
14c
14c
—•
22
21
24
—•
59
58%
62 y4
Great
West Saddlery common
Greening Wire
-
—*
—
10
10
—•
—'
—«
14%
—
—
ftr" 125
52% July
ft ft
15%
v
15
Jan
lift iu?
32%
Hahn
Jun
32
May
Brass
32 ;^ Jun
Hailiwell
12% Sep
20% Jan
Hamilton
945
2,800
* 231/2 0ct
50c
445
46
May
1.35 Feb
July
13% Jan
3'f?n
150
lS'/a
lV/a Jan
?ct
J**
102
75
Nov
^ ^24% Feb
39% Jun
26
79
«Jun
104
oc?
30
24% Sep
May
Barker Gold
7,600
2,000
140
2.50
6
July
9
Octftftft/
4%
Sep
Jan '
15c
Homestead
Jan
Hobco
44yac Jan
jan
Howard
140 'ft Nov
Hudson
Gold
Howey
3,500
430
Jaa
1.90 Jan
Hugh
1.41 Mar
70c
Nov
4.70 Aug
1.90 Jan
50
18% Jan
10c
75,800
25
35c
47c
Jun
'A'OO
Feb
Ltd
14,950 ft
H
11%
3,52o
ft
2.45
2.61
2,025
ft-
9c 10 %c
12,700
5%c
5%c
46c
49c
35c
•
>12,100
37c
4t%
7,500
Aug
Oct
26
34% Sep
-49,200 ft' - 7c July
2,075
ft 9% Oct
11%
19% Sep
250
100
—
105
.105
30
——100
paid
July
30c
,
50
12%
11
Nov
May
36c
-
3,155
9c ll%c
10%
—
—
? Sep
2.35 Nov
10
9c
*•
ft 31,000
•
27%
40
10c
*
*
—
35c
27%
—
40%
I
A
5%e Oct
325 ift 19% Nov
8,500
7c
46c
Oct ft
51c
9c
;i
Oct
15%c Oct
70,350
19%
•
Huron & Erie common
20%
70c
17c21%c
Nov'
July i
1.18 Sep
11
—1
common—.
—
class
2,000
^2.45
1
Class B
Jan
July
* Auk
Malartic
ft
1
Bay Mining it Smelting
Hunt's
20
22
19c
8%c
20%
1
Paper
60c
7%c
July
ft* 8c
*
—
Mines
Smith
8c
19%
♦
Gas
St
100
Sep
Oct
July
ft 97c
8
—
Gold Mines
70c
4,696
Oil
61c
18%c
•
> Sep
18
51c
•
.
1.40
.*
H 4c July
: 6% Sep
13,500
9,300
24c
1
Yellowknlfe
Jan
14c
1.30
July
5c
6,500' ft ft 13o
25,266
ft
16c
*•;
Sep
19 ft Mar
«V* 9%
375
2,350 i
23c
1.30
-
25
:
1.05
24c
—
Feb
21c
97c
11 %c
-1.00
11 %c
24c
new
Oil
210
21c
I
—I
———
Hinde & Dauche
Homer
50c
m m mm
—
Hollinger Consolidated Gold Mines
July
July
15c
120
1
1
mm
230
v.
.*
5% Mar
'
■''•(£
8,800
-
.
16c
Highridge Mining —*———
Highwood-Sarcee Oil —
—
J'oS
1.30 Sep
15c
50
* 100
.
55c
—
13
3,500
-
•
191/4
10%
52c
1
Mascot
4.40 Apr
1*85 July
10
52c
Gold
Gold
Heva
19%:
10
1
—
m «W> mm m m m M
mOim «• A
Headway Red Lake Gold
Hedley
7
-.1
—
Harrlcana Gold Mines
Heath
5c
6%,
—*
—
Mines——
Hasaga Mines
4%c
67/®
r
——w—_•
—
Mines
Gold
7%c
w
*
-
Carpet
Rock
20%
7c
—
20%
&0%
50
—
28%
Jan
95
-
17
•
Jan
26
:
Jart
%
Coajstal
Oils
—
cociienour
miiam,
Mineaftl
ooia
Cocksnutt Plow Co
-1
2.81
—
Coin
Lake
;•
Mlnee^
Petroleum
National
Commonwealth
Conduits
43c
45c
4,600
39c
Oct
37c
35,100
30c
Nov
32c
1,100
30c
Oct
_
—
6
10
1.80
1.80
200
1.80
18%
6
18%
50
16%
1.10
1.02
1.12
5,050
%c
%c
2,400
1,435
%c
182
81%
83%
165
165
170
Corrugated
90c
95c
Nov
Box
common__
Pershing
Da vies Petroleimr
Leather
.,y
,
-ij
^40
8
145
40
'
---
Nickel
■
-
90c
Feb
4,500
9%c
3,000
Mlnpa
""""
~
•
J
40
80c
■X,
"""""
(John)
'
Preferred
fti?
Mining
"~T""T""ftr"~
Ltd
Nov
May
29c
Nov
Sep
20 %C
Jan
130
29% Jan
34
Jun
305
11
16
Ma*
5,700
59c
76,000
7'700
73c
12,400
68c
Sep
19c
1.22
18
1.18
1.50 Oct
5c
to
ft
Mar
ft
International
Bronze
31
31
25c
11
12%
29,400
45
80c
2,400
80c
'
preferred
—__100
—
International Nickel Co common
*
•
13%
Uranium
1
Mining—
'.'ft
Jack
Jason
Mines
—
Quebec
Kayrand
-
Labatt (John)
Jan
Jun
-
.
,
126
Jun
1.75 Aug
*
3,500
ft 10c Nov
ft 310 Sft 23% May
35c
Nov
3,505 ftft 11 % July
ftft 300 ft95c
Nov
;
18,100
13
13%
95c
1.05
1.30
1.45
ftft 12,600
150
17c
3,000
»
25
25
25%
Mining & Exploration—
1
Laguerro Gold Mines——1
5.50
5.50
5.95
33c
38c
7,900
650
65c
70C
1.16 Sep
14o Oct.
4,080
35c
5,600
-
Lake Dufault Mines
Lake Fortune Gold
1
Mines—8c
ft
590
9c
15%
2,025
Woods common-—34
34
25
4.25
4.50
—
7,700
14
Lake Shore Mines; Ltd—ft
Lake of
_
45c
Iff
Labrador
Ape
30% July
*130
1.30
Kirkland Townstto —-t
Nov
IAS
-6c
25%
95c
J
—
43c
10c
■
,
74c
35c
13
,1
Lake
6c
25%
__
1
1
Kirkland Hudson
>
66c
—
1
Kerr-Addison Gold Mines
Kirkland
14
65c
J.
—
*
-
Kenville Gold Mines
40c
6c
67c
1
*
-
Co-
Jan
ft
20Va Oct
r
30 ft 101 ft Sep
4,925
'ft 29
Oct
6,955
ft 13% Nov
13,550
ftj 58c
Nov
ftlftftftftft
8,500 • ft
12c
Oct
'ft- 3,100 .ft 12c July *
4,500
36c July
6,100 ft ft
6c July
38,700
ft 45c July;
490
13c 13%C
13c
15c
40c*
1
1
———
ft Apr
34
29%
61c
13%c
ft-
1
—
Jelllcoe Mines
-ft 21
.
•
1<
Bank
ftftftft-]
Dominion
Coal
Dominion
Dairies
'•ominion
Foundries & Steel
preferred
ft2
"
.-
common
;__ftftft
comftftft
Dominion Malting preferred
l(
Dominion Scottish Inv common,"ft""
.
Dominion
Steel
Dominion
Stores
class
footnotes
see
ftftftftftft'
ft'
page
2725,
282
,18 l7 /2 ?
°™
29/2
30
/
1°4^ 104/f
3%
mi
ft"
>;
525
24% Jan
13% May
91/2 Mar
27
275
21
290
104
1.630
65
24
25
I4
I4
10
13
Jan
Jun
Lapa Caddilac
-;jan
0
Feb
May
—
,
f
X
...
ft','■■■ -'-ft
-,,,
Lebel
Leltch
Oro
5.65
5.65
6.00
500
998
•
i
July
7
.
a
■.
VT^OP
Lang & Sons
23
Jan
23% Mar
,
Jun
sfl
Nov
20.
i Jun
13
12%Marv
.
30
23
riAirf
109
Oct
3
165
24
-
Sep
30
3%
13o£ ocv*
25-26%,
6
"ftftftft
Dominion Tar vtc.
Dominion Woolens
For
~
B
t
97? 9??
27/4
21
21
21
1
10c
»
toiLi.
*
ial/t
Mines* Ltd—
—
Lingman Lake Gold Mines
I
ftft 20
Little Long Lac Gold Mines Ltd
•
.'1.27. :
I
-ft 26% jun
.ft 28% July
July
Lexindin
Gold
7c
30c
1.08;
1
-
ftftft
—
10c
32%c
"
3%c
1
Gold
4.25 Nov
4.65 Oct
20
Oct
100
fu%
37c
.19
20
3%c
1.25
30c
1.05
ft 1.90
4c
1.32 :
/
33c
1.27 ft
2.00
*
,
7c
250
.19
3%c
2,750 ft
1.20
10.000
18c
83,800
68c
6,250
1.50
28,500 ft
36,400
335
6,500
•
24% Mar
4.55 July
23c July
450 July
8c Noy
.11
Oct
29% Jan
.
_
Dominion
62c
20
10
13%
64c
11
.
22
.
£
Waite
Jan
Oct
38 %
103% 103%
30
31
30%
Petroleum
International
Nov
27%
28
International
Apr
20c
22
103%
-
30
ft 9%
>,
38 %
22
—
International Metals class A———*
4%%
12% Nov
13% Oct
*
60
20c
12
25'
fftftftiJBSc
105 ft Oct
70©
31
21c
•
common—
Preferred
ftftftvv*"1.90
Nov iti'tir*
420
•
—
May
16j/4 Novlftft
50
18,300
3.05 Feb
"8,075
137/8
6
;
-ft>? 30c
Oct
1*00 Oct
5,650
106 106%
1.10
55
Feb
1.15 Feb
31
30,000
16%
Apr
86c Mar
11%
12c
1.11
32
13
13 ft
Inspiration Mln & Devel
Kelvinator
1.80
68c'
Seagrams. common
Jun
375
12%
1
——-
Lake
Inglis
29%
12%
13%
•
Preferred
Indian
Joliet
9c
1.70
45c.
ft'V
HVzC Oct
10 %c
•
„' L
-
11%
22%
Oct
1.00
12,200
30%
"""ft
■
Discovery Yellowknlfe
Mines
Jun
10
Imperial Tobacco of Canada ordinary.!
Jacknife
'
Oct
40c
90
27c
Jan
25
14,900
9c
Detta Red Lake Minwa
Dickenson Red Lake
Dome
...,103
July*'J-*sft*i' '1.95
•
Dirersmea
1,27 Nov
1%C Nov
76% Oct
8'550
1.45,
87c
r~
class A_
i5!c-
1.40
15c
Class B
Demite Mines
Distillers
Feb
Ip?
164*.ofe^ Ap?
90c
5
28
i4I«
~~
_ft
•
17
27%
ft_ftft___
Minee-ftI
D'Aragon Mines
Denison
8% May
2.85
22
%C Oct
8,004
17
•
Crow's Nest Coal_____ ?'
:
Crowshore Patricia Gold,-lift"
Davis
May
Imperial Bank—
Imperial OH
^
Imperial Mills
Crestauraum
yi>,;;
romor
51c
1,02 Nov ft
183
90c
6
Ja^
''ft'138'ADr
Jan
__
—
Apr
105
,
July
18%
0
.p
Cosmos
*
ofeMftft
li%
32c
"i(00
Conwest Exploration
(
Get
2 40 Juiy "ft ■''ft/
30c
-1
Consumers Gas fToronto)
*
12c
30c
-
_
80
43 %c
'
Coniagas
ft.
-5
Consolidated Bakeries
-•
Consolidated Beattle
ftft
Warrants
Iftftftftftftftftftfti
Consolidated Mining &
bmeumg
-o
,
500
5,650
'
-1
"
Yellowknlfe
16c
3.00
12%
-1
.
i
Colomac
16c
2,80
12%
70
42
358
'
NoY
July
Sep
Nov
July
July
July
Oct
Oct
V ft 20c Mar
1 " 35% Apr
490
370
9%
20
4%c
——.—1
Hamilton Cotton
Home
2.100
Mines
Bridge——;
Harding
Hard
20%
Gold
9
—
——
%
80
■
5;
14%
14
9%
•
——
———1
Swayze—
22% Jan
22% Feb
78 ft Aue
»
common
Preferred
Halcrow
5ft
May
X Aug
12y8 Jun
7. ft ft 25%
Jun
July
11c
,
:
57
Sep 7ft
107/s
908.
12%cMay
99 % Mar
ft
ft 125
.
88c
' '39c
i:i 4%C Oct
ft
25C
Oct.Wvfts.. 22c
55c'• Nov
'ft
1,000
v
8.75 Feb
Feb
Feb
Jan
17c
Oct
Feb
24%cJuly ■:'v\87c
Feb
ft 8c July
ft 25c Jan
ft,
70c July
"
1.30 Feb
16c
Octftftftft79c
Jan
ri-ft 16c JuiyCftft v 40VaC Jan
2.00 Jan ft - 3.25 Nov
ft be
Juiy
j
35c
Jan
;
'33c July ^ ft:, ft 1.15 Apr
3cft
130
23
Grandoro
Great Lakes Paper common
.Preferred
7% Apr
...ft,"21% Aug
ft'.'ft' 20% Feb
lOcft Sep ftftift
395
r-
Sep
Jun
July
X ft
5.05 July
45
55 %<
Gypsum Lime & Alabastine
23
.—•
116
«
20
111
.
Sep
136
—
—*
3%
17
5,000
18% Oct
5.55 Feb
Jan "ft
105
-
6.25
—
—1
Mines Ltd
Lake
17
ft Jan
14
V
,
40 ft
2,000
SeP
5% Nov
ft
Oct
16
—
5.80
1.
65
14,500
64
2.85
-ft-'ft-495 ft;..
4%
5C
Mar
13% Aug
.ft
Oct
5.80
—
.—•
yellowknlfe Gold Mines
Gillies
17%
100
General Bakeries
4%C
Mav
10ci2%c
11%
,
,
5c
mil
69c
,1300
5,575
4,532
280
19%
Goodfish
26
4.00
-
ft 7% Aug
4%
—•
-
Jan
Nov
8
^
Sep '
21%
4
20
Oct
8%
22
24c
.
12%
May
Sep
Aug
24c
7% Nov
Jun
140
22
12
4
—•
17c
24
19c
70c
ft16%
38c
Jan
400
2on
45
15c
19
8,360
3.80
—
100
35c
Jun
1.40
o5o°n
49,700
16c
99% July
o2 05
17cl8%c
3-80
Gold
Nov.
8c
12%
—*
class A
,7c
65
11
134
Jan
6%
35c
27
1
Canada
90
7%
J
13% Nov
2.75
.—*
of
Co
Sep
5% Jan
7%c
7%
—1
30
55
oT102J{?
26%
"A"
Mfg & Aircraft
Ford
"
—1
20% Nov
10
26%
70c
Bar
ft.
Goldvue
12% Nov
28 ft
28 V
-
-1
~ft_ -1
Mines_IftZ—II'
Trethewey
8o
-10
—•
Fleet
120
Jan
6.35 Feb
22% July
43%
6%
mA
Products
Fittings Ltd common.
Fibre
119
*
ft
Oct
13
;
Mar
12
625
Goldora
435
1228
,28
116
71c
;
3.85 Nov
420
8
Golden Manltou Mines
4,065
13
I
Rv
116
.100
49
7%
Jan
avS
18%
47% v;
7%
Jan
17% NOV
22
72c
Mining,.
.48
ft
>30
420
22
70c
17Ta
Kirkland
17%
-t
ft
20
■
ill
47
120
»
.........
—
Goldhawk
Ma?
82%
W
14%.
Utilities
Gold
Federal
-1
.-•
common
—
18c
Nov
79e
18
preferred "ftT~"li
Canadian Wirebound Box___
__ft_00.
Cariboo
1,915
Grain
Preferred
13%
82% Nov
319
12%
no
■-
Canadian Pacific
Canadian Tire
ft. 17%; 18%
Federal
3.85
25%'
Oct
V3/i
Nov
2,040
—1
21
iSF
12%
Nov
6
4.25
;
4.00
,—1
57
13 /s
37c
34c
.-• ft
—1
21
455
12%
-•
Malartic
Canadian Oils
X
com
--——— m
"
"" ""-m
;
Sep
33,300
-.•
Players new common
Fanny Farmer Candy Snops—
Goldcrest
150
«
,l«4-
'ft-ft 1.38 Sep
July
ft; 1.45 Jan
83c
33,600
Famous
Goldale Mine'.—
fr
m
ft
Falconbridge Nickel
Tun
3,245
490
~
19/4
14?
58c
44c
ft 6
Jan
££
—
-
50c
34c
56c
1,720
13^ 13'A
49
—
—
Canadian Celanese commonl'ftftft
Canadian Dredge
_triftft]
Canadian Food Products common
195
30
24% 243/4
T-;
-
35c V
*: Nov
22% Aug
20% Nov
54,550
.-•ftft-6
B
God's
Jan
A /a 0ct
l7«w Jan
13 /2 Nov
265
23
29
51c
-1 :.ft
class
Feb
9% N°v
ir°
22
39
A
it on??
20/2
28%
..1
Mines
Electric
Jan
8% Nov
on
24Jt, 261/8
24
25
24
20
Mines
,
230
Jan
3.35 Jan
4.60 Jan
14% Jurt
ft
2.30 July
8% Nov
■
Feb
62c
13c
1.15 July
-i:.^.lOii-^-ftvio tx:Janftft""t 20;
Nov
25
aov
22%
241/2
-
~Z——H. ftftft
AlcohoF
Gold
41p
sfp
Oct
53
V4
19
22%
1.08
.
.
480
,
106% Mar
75
,
~~
95c
20
i' -Js ,■
■
2.95
oSt
30
,-n
17^? 1?3^
?ns
™
f
1
2
A
89
1.08
■
44c
iQiA Tv/Tiiv
Sep
66
39
8/4
39
Gold
9^4
20
20%
..1
Power
27
1.72
qv;q 3/
•
ft ftftftft—;fin
Canadian Locomotive
Eldona
20%
,
-1
—
Gatineau
Apr
20c
105
105
R25
8/4
—
ft^""
ftft~ft~~
Caandian Breweries common__I__
Canadian Canners common
■.
1st preferred
Class
Mines
.
Feb
9%c May
1.55 Nov
lie
Oct
15
1?c
ft?/
"*
common
Canadian Industrial
Class B__
Elder
20%
-
Exploration
15
16
common
C8Clas«aA ^ar ^ Pdry
,9
;2tf
—
Frobisher
llc JS
19c July
Nov
10o
3,160
15,125
1,900
Conv preferred
3.50
Ton
11% Sep
5,500
Class
3.15
Francoeur
22/4 Jan
140
25c
B
3.25
Mines
Sullivan
Giant
Machinery Corp
Class
i4/4
2.00
Permaiiexn,
,_1
East
Feb
lYi? Jan
I1/* sep
,7°
1AU
13
li
£
23%
90n
2ll
9A
??
171/
80
12
9%
22c
Steamship
Oct
1.67
Bast Malartio
Jan
Jan
35c
.50
Preferred
Canada Wire
55c
72c
t
26c
1.90
Cfauaua
May
5% Mav
32 %c
22c
Canada
35
280
1.95
B
11% J"n
28
18C
"•
Canada
Class
v
5 ft.Jan
17% Jun
4.35
~1
A_
ft i
N°V
21c
Aug
28% Jan
„
4.15
-I
_
class
Jun
26c
2% Sep
13% Sep
300
-1
Packers
16%
Sep
—
-1
^
Canada North
3% Nov
l
-
825
1.^0
4.25
-
Canada
Canada
18% Feb
llf? SeP
8
11%
A
5c
1.50
Steel
14220° 1.36
l436fi
125°
!
.
Canada Cycle & Motor
6%c-
1.50
Theatres———.
2 it
common
Cement
8%c
-I
Eastern
22t> |ep
.^2,785
255
9QV
*
l"^c
i.ad
ftftftftftft
preferred
«.*
Crest
Eastern
150
o
3A.
18
07/
nifi
1'
B
Canada
July
13y4Mar
Lake__ft__ftftftftftftftftftftft -I
Campbell Red
Canada Bread
30o
East
7,700.
8,500
9,225.
18,600
20o
Jan
3Vb
3%
*
_
Flon
Aug
41c
30%
221
28
Calgary & Edmonton_
Callinan
19o
36c
20% Jun
3,000
a
Calder Bousquet Gold
Caldwell Linen 2nd
preferred
26,200
38c
5%c
2,825
18
"
23c
.-1
English
222
ftftft_
A__Ift
20c
East Amphi Mlnea—^M-w—
Duvay Gold Mines—
El Sol
l6
ft
Steel
July
39 %c Jan
Juiy
-
Burlington
850
Nov
on?'C
Mines,~Ltd__ftft„
Burns & Co class
Class B
25,800
13% Jan
—
"»
Buffalo Canadian Gold
Mines
Buffalo Red Lake Mines
Building Products
Bunker Hill
1.66
Co
Aug
Jan
2% NOV
•
45
n-ft-
"•
Buffadison Gold Mines
Buffalo Ankerite Gold Mines
1.40
30
0
*1
01/
ft"
1*48
■■ Utah
1.85 Jan
2.40 Sep
B8c May
July
-J
Mining
55c
30c
_
ft
60o
26% Oct
12
??
23
22 /e
-?
_
192,300
Nov
10V* Sep
-
6'225
20
or,?/7
2?V
22
__ft
.
Class B
British Dominion oiT
Broulan Porcupine
27
.
-
British American On
ftftftftftftBritish Columbia
Forest
Brit Columbia Packers class"*"
Class B
1.38
61
30C
Feb
-S
-ft-/
1*22
SeP
July
10c
CB
>
Brazilian Traction
Light ~&Tpftvr
Jan
H% Aug
24% May
Range Since January 1 ■'
/ft ftftftft'ft^Zoie
1*29
Eddy Paper
~ ""
common.
li
13c
45c
,
Shares
Low
-1
30c July
l°c 0ct
]»800
'o5!
5,200
l9n
12c
Duquesne
55
14°
9'200
39c
92o
16c July
12
JUn
21.
Nov
b
AC
?6°
12e
12c
ftZZIftftftftl"!
Brand & Millen
Brautford Cordage
Preferred
*
11=1^
Donalda Mines
Feb
Of Prices
^
23% May
July
Rhlo Prlof
ft
■'r'High<:\
47c
2
fin
12
.
Boycon Pershing
Rang* Sine* January l
18 ; ; Nov
9,300
ol
21V
■» a
Jl?
38c
M
13,100
21c
21
fin
"t
-1
-
20c
21%
•
f,
'VftV;*Wia|r:.1 ft'ft Weak'*
Banie' ft fa* Week'ftft
1
Low
nJ?
"
'8°
,
?
Mines
Mines
STOCKS
Shares
High
70?
70c
Biltmore Hats common.
Preferred
w..„
ft ftftftftftft'"•
Blue Ribbon
preferred__"ftftftftftftft
50
Bonetal Gold
Bonville
telM
for Week
ft
A
-
-
■
of Prices
>
Feb
18% Jun
7
ft*
Jun
15 ;; Mar
CHRONICLE
THE COMMERCIAL & FINANCIAL
Monday, November 25, 1946
CANADIAN LISTED MARKETS
'
•
STOCKS
Last
Range
Sale Price
■
aj::0 -7:-;;<. ■'
Loblaw
>
uoidfleia*
>uwtudii
2.80
Lorn*
30c
23c
3.05
3.05
3.25
4,950
2.70
3.50
3.40
3.70
7,900
23c
Gold
Mines—_.
Gold
3c
3%c
1.75
1.85
75
75
Mass* 7-Harris
AiccMOt-
23C
23c
25c
61,900
21c
10c
10c
1,700
15%
27%
15%
28%
2,470
2,025
19
19
20
18
Oct
20% July
'10%
10
10
Oct
•
21%
12% May
26% Jun
103 Vs Nov
ncjiiiyxe
16%
Jan
102%
102 Va
Nov
6%c
6%c
2,000
6c
Sep
76%
46%
80c
July
1.70 Mar
3,aoo
3c
Nov
8VsC Apr
32c 36 Vac
29,120
25C
July
75C
17c
1,600
15c
Oct
36c
Feb
&
Gas..
18%
20
70
6%
6%c
9c
51,200
3
250
8.50
9.50
4,669
—•
j.
8.75~
.......w..——*
new common
Oct
22
5c
Sep
17c
2%
Oct
17
205
13%
Porcupine
Light
16
$5&
—a.
Heat
Ac Power
—•
Locomotive——......—....
common...
Breweries
Preferred
315
55c
60c
4,510
21
2,590
15%
18
19%
67%
68%
24c
1
30c
28c
38c
47
47 Va
13%
14
375
18
18
75
5
18
National Petroleum
National Sewer class A_
National Steel Car,—
Feb
45c
Oct
52c
Sep
52
July
13%
Nov
28%
28%
110
28
'
710
11%
Oct
lie
1,500
9% Nov
6% July
11c
May
30% Apr
13% July
Oct
12%
9%
Oct
14%
21
16 Va Mar
15
New
^•wnorth
Gold
46%
1
Northern
42c
Paving
common
Preferred
mm mtmm mm
mmmmimmm—m
Canada
Gold
Mines..
Stedman
Consol
Orenada
Orlac
Osisko
Pacific Eastern
Page
_
General
Twin
1.05 Mar
United Fuel class
2.24 May
33c Jan
Parbec
July
1.40 Feb
44c
Nov
3.85 Jan
Class B
26
Oct
57c
Jan
40c
86c
May
65C
17,600
125,950
95c
July
July
58c
II,800
53c
Oct
95c
Aug
7%c
7%c
7c
July
18c
45C
Nov
61c
Oct
1.10 May
1.65 Jan
35
Sep
1.00 July
Feb
Waite-Amulet
Wekusko
2.85 Jan
class
40c VfJan
7
85
7
Nov
1.15
'2,130
1.00 July
24
Nov
1
10
7,600
12c
Nov
985
75C
1,500
600
52c
12
10 Va
1.60
4,950
995
1.70
...200
—
19c
23c
75,800
10
12%
13
.926
40
54%
54%
102
1.08
1.19
1,300
——————
90c
Mines.
1.01
1.40
34c
4.30
4.30
4.40
2,285
Feb
13Va
23
13,830
59c
-1
:
41
new
28c
17c
Nov
60c
Jan
18
Oct
23
Nov
34
34%
60
33% Oct
34 & Oct
2,600
WUtsey-Coghlan Mines
Winnipeg Electric common—
26
27
104
104
70
13c
15c
13,800
-
..
410
Gold
••
14
14
14%
885
—100
99
99
99%
10
1
Preferred
Winora
26
104
13 %c
——•
100
15c
Mines
Wood Alex preferred
Wright Hargreaves Mines
Jan
60
28c
17C 17 %c
36
common
Feb
Nov
22%
28c
17c
395
Ltd
5.10
1.69
22
28c
*
Preferred
Feb
July
July
32,000
3,200
22%
com
3.10
31
25
65c
35
Westons
,
'16% Feb
3.80 July
Nov
25
60c
3.15
1
30c
18c
7,700
130
55
3.15
3.35
870
26c
30c
13c
•
15c
127
100
34%
35
25
108%
NOV
10
21% May
Feb
43c
Oct
135
Jan
Aug
6.55
Oct
2.95
Apr
105
94% Jan
13c
Jan
30c
July
Sep
117
Jan
36% May
Feb
Mar
104
11 %c
Nov
Oct
30
Oct
22
Mar
55c
Feb
Feb
4,000
25c
Oct
67c
13c
1,000
10c
Oct
39c
14
14
55
14
Sep
18
July
37 %
Yellorex
*
*
common
37%
$3,800
32
Sep
43
Feb
Jan
Bonds—
Uchi
12C
*
34
44
12%
IIV2C
lie
1
35V2C
-35c
*
49C
..IB
15
15
66 %c
60c
•
11%
69c
111
:
60c
20c
11
-
Bulolo Gold
:
160
Sep
4%
800
4
Sep
8Va
71
72
260
67%
104 %
26 %
26%
25
14%
14%
50
Sep
19% May
14 - Sep
21
Sep
Vickers^prfeferred
24%c Apr
39 Va May.
49
Jun
20
Jan
14% Oct
1
ioy4c IOVIC
500
IOV4C Aug
io5y4.io5V4
100
104
22c
11
July
Oct
Canadian
Canadian
Coast
>5*
Western
6%
25*
Oct
Oct
—3
Feb
Consolidated
Feb
Dalhousle
1.57 Mar
Dominion
14%
20%
20%
155
155
5
307
2%
.
3
55
215
3,350
——
50
Pi-teli?class
A.——„——
48%
49
5
Consolidated
64c
22
13
0
Westinghouse
2.00
2.00
100
*
*47 48%
27 ; 27
8,045
25
91
Nov
15
Mar
91
450
Foothills Oil & Gas
1.80
l.«5
800
21
32
-
Jan
Apr
Jun
Jan
85c
45% Apr
118
May
v
Oct
2.15
Feb
24
Nov
16
Jun
25c
Jan
Oct
9% Anr
39%
Nov
Feb
4.00
21:Jan
25
18 %
61%
23 %
Oct
'Nov
Feb
Jun
3.80 Feb
Oct
1.35
31
17
Textile'common.
5
173
15% July.
25c
91
106
48
850
Dominion
Jan
July
270
Donnaconna Paper,
1.13
Feb
Jan
25
31c
25
Feb
29
19% Sep
2% Sep
135
Sep
2% Oct
"32
25% July
Apr
29% July
24
18
32'
Brfdger'
Apr
Apr
-Nov
13
29c
Oil
-"Hayes'-Steel
Jun
Langley's
Minnesota
Pend
Preferred
Paper-
Oreille
i Temiskaming
39
Jan
•——
22%
175
45
48%
5,515
39
Sep
59
Apr
68
5
56
Jan
85
Jun
16%
17%
1,775
3.15
2.710
2.15
Sep
Sep
27% May
2.80
Paper common.
St Ontario
1.50 Jun
68
a.,.-,---—-—
tnternational
Jan
—*
Lumber
195
22
2%cr.2%
•
common
Copper
38c
:
;
Industries
16% May
Nov
w
175
4%
Marconi
Oct
50
175
1
*
Preferred
40c
*
July
205
185
.High
100
—i———103
Preferred
Brown Co common
Apr
Jun
Canadian
11c
3Q
Apr
Canadian
25c
7%
78
Jan
preferred———100
Lawrence Corp common
•
■
Oct
May
W: 440
; 7%
28%
46
1.99
Jan
July
12
50
30
Canadian
196,000
Power
50
.Tan
82c
:
50
23%
7%c Jan
80
Mar
common——1*
Feb
30% Sep
40
Sep
12% Nov
2,020
Jan
—r*
35
Apr
40c
.
23
Sep
1.25
,15,900
.
Oct
24
1.15
,•7,050
15 Vi
15
60
Mar
25
.
75
27%
5
Canada St Dominion Sugar
1—•
Canada Vinegars...™—i——*
55
27,000
High
15%
25
Apr
July
% July
Range Since lannnry 1
15%
2.15
50o
40
Nov
Shares
*
;
-
12c
23c:
15
55
-
fer Week
*
National
Oct
39c
24 .24%
1
Feb
52c
49c-
*
17
Asbestos Corp
British Columbia Pulp
•
Sales
Week's
Range
ef Prices
Low
i
Andian
Feb
Price,
Par
3.30 Feb
Jan
....
12%
————
:„.17% Jan
Jan
1,500.*;
44
Last
Sale
3.45
July
Friday
stocks
Jan
22 Vi
*
Exchange-Curb Section
Canadian Fane*
Oct
1.00
„
16,835-1
34%
0
L) common.———
.
Toronto Slock
Bruck Silk
\
21,100
12C.
May
May
ll
Jan
25
Nov
8c
800
28c
"A"l
19
1.20
-
Class A
58
Oct
8Va
Jan
45c
Oct
5Va
60c
1.42
51
6,443
17%
Macdonald
Saginaw
14c
J
1.75 Jan
1.65
.11-, Jan
34,850
92c
85c
Mining
'}
12% Aug
....
*
Ryanor
Apr
12% May
40% Jan
*
9Vt
4,300
14%
14 Va
Aug
July
10% Sep.,
1.15 Sep
.186
Va,
;9%
common
•
24%
4.95' Jan
July
66c
66C
1.51
Keg court Gold
8t
34%
2.70
75c
1
new
26
Nov
8% Oct
1.95;jJsui
28%May
47o,;jFeb
26
15c
1.37
Mine
1.80 Jan
9V4U^b
_T.T"
Oil
105 Va May
12
new
34%
1.06 Feb
July
Dome
Industries
Jan
'
Feb
July
85c
Feb
Oct
533,750
12c
12
Lake Gold
39c
Oct
14c
103
Mines
24%
29c
9c
49c
Quebec Manitou
Rush
9%
9
34%
Nov
11,500
Mica
Rovalite
240
Yankee
18,650
Proprietary
Russell
185
6
24%
Knitting
lie
il-—li'
—
1,500
46%
5%
*
York
37c
'■
Royal Bank
17c
16c
45%
20
Ymir
Sep
•
381
preferred
Jan
54c
36c 36%C
Mines.
232
9
2,500
Westeel Products
Feb
28
Gokf
15 %
A
35c
9c
:
Co——
12
8%
17c
——50
Consolidated—
46c
66c
Box an a Oils
*
Mines, Ltd
July
29c
t'C—
Rouyn Merger
9,000
Malartic
7.70 Mar
class
25
1.02
17c
"A"
(Hiram)
Lake Gold
57q, s Apr
36.4, Apr
(P
104
98c
Mar
10c
Oct
Cotton
104
*
Sep
Apr
40c
8%c Aug
50c
33
Riverside Silk
14
100
Feb
170
Sep
Oct
2.59 Feb
34c
Robertson
Jan
11
8c
Jan
Powell River
Robinson
142
85
18,500
76c^aJan
Gold
40
11%
17c 21 %c
Va Jun
13 Va Mar
16c
Oct
Reno
170
11%
1
New
Aug
Reeves
166
0
Apr
Villbona
New
3.10
^ueenston Gold
46%
Jan
Feb
24c
/>M»»nont
Jan
87c
26
26
—
36
Oct
Oct
5,200
1,600
Quebec Gold
200
14c
20
12c
common—i
Feb
65c
7,700
10
9,500
Flour
Oct
18c
20%
7
Preferred
July
2.40
1.20 July
22c
16c
West
10,344
Purity
May
25
Nov
1
Western Grocers
30c
»v
July
16
1.25 May
Victor Mines
Feb
3.60
East
80c
;
1.93 July
Jan
28
5.35 Feb
3.05 July
Oct
8.65 Nov
Jan
3.00
o»oit0n
7% Aug
1,730
43c
1
...
27 % May
Oct
2,855
6,435
37c
29c
Metala
Sep
5%
2.42
30c
Oct
3.40
Pressed
Jan
22
9.25
Sep
1
common..
Feb
1.95
2.30
Nov
17C
2.80
V
4.10
Nov
8.90
15c
of B C_
Powell Rouyn
2.15 July
95c
100
;
•'
14c
1.69
Mines.
'"Power Corp
Premier'-Gold
1.09 Mar
Oct
•
5,000
1.11
Mines
Jun
Feb
3.25
.
—J
3,000
5,600
Porcupine Peninsula
Porcupine Reef Gold Mines.
Gold
Trust.
—
17C
55c
Engravers
Piccadilly
Wnnwr
3.50
1
19c
58c
Photo
Gold
950
—25
Wasa
1.43
Mines
Picaie-Crow
275
6%
—
Walkers
—1
Gold
25%
United Steel
Mar
Jan
8,000
1,250
24c
1.50 July
25c
Jan
45c
July
Oct
8c
Nov
23% Mar
•
1.53 July
11,590
4,500
2,450
1.00
Union Mining
15c
Jan
Apr
lie
2.55
Jan
20c
Jan
4.45
110
Jan
18 Va
—J•
90c
19c
2.50
City common
80c
1.45
6,100
25
Union Gas Co
Sep
10c
36c
6%
Towagamac Explor
preferred—
Nov
16c
4,015
32c
Transcontinental Resources
42c
1.30
500
*
Traders Finance
35c
*
•
Paymaster Cons Mines
P*n-Rey Gold Mines.
Peoples Credit Secur,.—
P-rron
Toronto
3,500
1
'
500
10c
2.40
Toronto Iron Works class A
3,425
0
Cadillac
runuura
Paramaque Mines
22c
10c
Elevators
61C
330
22c
2.22
40c
2.15 Oct
98
50
41c
32
20
4,700
Nov
30
—
110
20
45c
35C
•
Hersey
Pamour Porcupine Mines Ltd——
22,975
110
92% July
Apr
Feb
95
Sep
July
29c
39C
39,300
2.30
2,640
15,100
35c
47c
2.20
Apr
20% July
Sep
77
13c
44c
Oct
94c
4,000
50c
60c
88c
18c
48c
3,600
16,600
45e
16 %c
39c
66c
1
73
40
•
Ventures, Ltd
1
Aug
1.50
I6V2 Nov
170
3.30
Oct
"
-
Petroleum
180
80
87
1
Sep
10c
5,634
5,100
17%
1
6c
1.03
55c
*
Jun
8
Oct
Oct
*
44c
•
.
Oils—
'12%
5.65 Feb
72% Jan
Sep
58c
1
-
'■#?'o ' C"'%
Pacific
Apr
Oct
9c
1.50
Mines
Paeatta
30c
1.40 Nov
1.80 Oct
45 Va
500
7
May
9% May
Sep
68c
Gold Mines
Thompson-Lund Mark Gold Miues
20%
Red Lake Mines.
Lake
\H.'
Apr
Jan
4,000
5%
78
common
Upper Canada Mines Ltd
20c
24
17% Nov
10% Sep
85
20
Teck-Hughes
Apr
17 Va
16%
78
95c
Jan
17
25
9,800
1
95c
I8V2C
7
94c
50o
Gold
22c
17
7
83c
1
64c
r
~7
1
Oct
1
35
Jun
10% May
105'
5% Oct
Thurbois Mines
14c
—*
_—
Minea
140
a
Tamblyn (G) common.
Taylor Pearson St Carson
16c 16%c
common
450
5%
10%
18%
110
Sylvanlte Gold Mines
18C
Gold
Osulake
3.25 Mar
62c
Oct
*
Crush
Orange
19%
5%
10%
5%
Taku River Gold Mines
40 %c
Ontario Steel
1,085
2.20
Mines
Oct
---i-.r.--..I.¬
common——-j—....—*
6
*
7c
y
Jan
84c
•
26c
Omega Gold Mines.—
Omnitrans Exploration
Sep
100
42
May
5,410
9
50
100
7,100
4,000
1.95
185
6
•
Mines
13,000
55c
Feb
9
100 100%
Apr
23
16% Nov
16 %c
30c
1.76
Jan
16 Va
8%
25
9V2C
1,80
......
2,266
1.55
*
Canada common
Preferred
8c
———
1.50 Feb
Nov
i
12c
Oils
July
*
—
26c
36c
90c
64c
*
Starratt Olson Co
8C
i.—'
Ogama-Rockland
O'Leary
14c
8,325
70c
•
12C
mmmmmmm^
205
98c
64c
—*
26c
——_—1
.
mmm'i'«■»
17%
90c
42
30c
23,470
16%
•
Stanley Brock class "A"
Inlet
Jan
17
100
Standard Radio class A
Surf
Jan
1.12
31%c Sep
*
July
-
1.40
Nov
55c
May
36% Jun
108
64c
——•
Preferred
Cons
40
Jan
101 % Jan
92c
—
Standard Chemical common
Sullivan
Mar
*
Mines
iron
5% July
10
*
Sturgeon
Rock
8,900
9,400
*
33c
217,100
1.70
10
150
Jan
24,350 "
14c
1.55
NorzoneRouynMlnes—..._1
O'Brien
50c
44c
11c
1.63
104% 104%
1,500
Nov
I,100
24
27c
10c
2,705
57
14c
Norseman j;————i
Northland
2.30
46
605
1.26
*
•
;
North Inca
50c
10c
2.15
'
■».
27
23c
60c
13,100
3,100
26%
1.26
15VaC July
6,000
18c
10c
.
M Normetal
Okalta
13c
16c
Nicholson
1.50 Jan
15c
8,300
10c
Nipisslng Mines
Noranda Mines
?;>; Norbenite
Malartic Mines.
Norgold
„
1.40
1.25
—1''
——
27% Jan
•
30% Apr
Mines
Nib-Yellowknlfe
465
1
32
Nov
4,250
11,100
58
117,132
30
Tombill
Oct
21
16c
6Va
55c
Steep
Sep
16%
39c
01
Oct
29
55c
Co
Jan
,
,
6*Ve
39c
oteel
11
16%
55c
Class B
17
44c
16%
1
Mines
July
July
9.00 Sep
6 Ve
•
*
Toburn
23
2.05
1,793
Mar
30
798
15c
30
26,450
16
24
1.90
17
58c
11%
16
27 Va
■
17
47c
11%
47c
*
21
..I
12
1,610
15
'
Tip Top Tailors
27%
;————.
12
405
9.50
9.10
May
*
Bidlamaque
Calumet Mines—————
525
14%
14 %
13%
a
Malartic
Southam Co
Toronto
Negus Mines
9.10
20c
Nov
————•
—
14%
185
Nov
44%
lie
'
25% Feb
May
81
May
22
Sep
9%
28%
—L.——♦
Feb
91c
Sep
11%
—20
—
National Hosiery class A
7 / Class B
Jan
17
Sterling Trust
Stuart Oil preferred
Sturgeon River
Sudbury Contact
21%
22% Aug
23C
•
*
Jan
3.65
Bladen
Oct
Oct
18% July
■>
Oct
2.08
Jan
Steeloy Mining Corp
Feb
46 %c
325
22c
•
12 Ys
Sep
l.b6
Slscoe Gold Mines
Oct
19%
1,000
30,300
47
1
Jan
11
365
Sep
1.00
*
12% Jan
14 Va Oct
65% Sep
16c July
18
67%
commoni.^..—*
Drug & Chemical preferred
Grocers common—i—
60
17%
710
•
J*
Mosher Long Lac—.—;—
Mvlamaque Mines
14%
20%
16
20 Va
100
common—
Mar
3'/a
6.65 July
12
Oct
20%
*
—
COrp
3c
11
Apr
4,100
104%
Apr
17c
49%
82c
33,116
12
100
Standard
Oct
1.28
26%
Stadacona
26% Mar
28c
2.07
—
Springer
Juiy
Sep
1.95
*
Jan
2.455
3,200
33C
——
|
Feb
5c
Lane
Knitting
National
14c
50%
50
85c
5C
Containers
| National
Oct
85c 87%c
•
-.1
—1
Mining Corp
National
Apr
Jan
25
Mills
tdnncta
21
35 Va
946
Brick
Montreal
Sep
Sep
25
22
Mines
Mid-Continental Oil
} Montreal
13%
Jan
1.63
20
4UC
1.23
11%
Preferred
103
Gold———— *
Mines
•
Red
Gold
Class A
Jan
2%
Lake
xj.ciH.1 nmc
Monarch
45c
18%
Red
McWa tiers
: Modern
Nov
10%
—
Mercury
10c
4,900
12
11%
1
Class B
21%
Porcupine Mines—
McKenzte
Feb
32c
600
1.95
———
51c
10,800
1.25
——
July
230
55c
30c
—
Preferred
Jan
12%
21% '
Jan
11%
Simpsons Ltd class A
2.20
*
McLellen
i
15 %c Jan
Nov
150
common
30c
Miller
Class B
17% May
July
*
—...
-
July
5c
Apr
21
Silverwood's Dairies class A—
—100
Frontenac Oil
preferred
McDouglas Segur
Scrip.
Silver
Nov
13
Sep
13%
•
May
25c
Feb
•
common
10c
500
561
50c
*
75
4,500
Oct
47 %c
_
Ltd
Sep
18c
50c
Mines
-
Silknit
7C
6,200
1
Gold
new
Sigma
2,500
22c
1
Apr
*
V- New 4%
Bick's Brew
47c
*
Shea's Winnipeg Brewery class A
Sheep Creek
i
c*nei riu-uuruuu
9c
14c
12
1
Jan
28
—
0
3c
15%
—
McColl
3.75 Jan
1.50 July
91c
—...1
class A—
Bridge
Senator Rouyn Ltd
Shawinigan
Shawkey
Feb
6
3.80 July
8c
W~r
Sarnia
High
Low
1,018
20c
8%c
—
4.00
Baage Sine# Janaary 1
High
3.85
3.85
1
49 %
105
7%c
—
ora\n
July
13%
Mlnjss—
McBrlne preferred
Jan
84c
84 c
——i
common
Preferred
July
Mines
Share#
Low
1
5.45 Jan
95c
10c
Rouyn Gold
Mart: n-McNeely
38c
Sannorm
Sales
for Week
ef Priees
Par
Ban Antonio Gold Mines Ltd
Sand River Gold
Feb
13%
13%
•
1
Gold———
Marlon
19
Sep
2.45 July
7,300
-
3.75
7%c
Leaf Milling common
*ia rcuo
14%
July
35c
1.50 July
8,600
4,500
45c
41 %C
1.75
•
Maralgo
aaoore
5,300
3 VaC
Fields
Manitoba St Eastern
Milton
180
3.30
44c
Maine Leaf Gardens com
Mapte
17%
2.99
2.99
7.50 Jan
2.50 July
Oct
5,300
Apr
Feb
5.00 Jan
Oct
15c
6,000
1.85
17%
Lake
Consolidated Gold
Maiartie
25c
1.70
(H R)
wed
Magnet
22C
1.71
-———
86c
45c
July
July
9,100
4,300
Lake
4.40 Sep
1.02 Juiy
15,950
36c
29c
fciHuaeu
>.
Nov
35c
MacMtllan
11
May
26C
MacDonald Mines
,
34
116
35c
MacLeod-CocKsnutt Gold Mines....
.
2.83
2.55
1
Aug
Jan
29c
Macfie Red
,1
50
Mines—
Gold
aautaSbtoi
t
100
115
Yellowknlfe Gold—
Lunaward
36
105% July
26%
30%
Week's
Range
Bala Frio*
High
.Low
27% Jan
175
115
100
preferred
(Marcus)
Range Since Janaary
Shares
33%'
30%
*
Class B
Loew's
Friday
Last
High
33
V
STOCKS
for Week
ef Prices
Low
Far
Groceterias class A
j,*'
ENDING NOVEMBER 22
Sales
Week's
Friday
RANGE FOR WEEK
9,700
9c
Oct
lie
12C:
20% Oct
Id"
5.00 Feb
33c
Feb
.
■■*!.* tr%J
j
«
yol'um£-I64~ Number 4545
-.THE COMMERCIAL
..
i
.:
/>/
■
y •
FINANCIAL CHRONICLE
&
272S
!
V't/v.
■
-
OVER-THE-COUNTER MARKETS
•"
RANGE FOE WEEK ENDING NOVEMBER 22
Investing Companies
Fund Inc
Affiliated
5.90 ~
4.03
10
Corp—
1
Foreign Investing_10o
American
Fund
Axe-Houghton
B
Beneficial Corp
1
Blair & Cn
1
Bond
Inv
of
Tr
24.54
24.63
13.45
14.81
S-2
8
Series
7.91
16.40
6%
8-4..
Fund
Loo mis
Sayles Mutual Fund—*
Loomis Sayles Second Fund—10
4.73
.
104.86
Common
48.30
Mass
Investors
Trust
1
19.20
Mass
Investors
2d
1
10.67
10
13.05
Tel.' DIgby 4-4950
11.42
14.26
4.20
*
29.94
Mutual Invest
17.78
Balanced
4.90
v
Fund
Fund
Inc
Bond
8.66
13.72
14.73
9.85
.1
series
10.65
7.07
—
,
Income
—
series
Industrial
—
stock
?
4.74
series
6.77
6.90..
,
(When, as and If Issued)
Bonds
5.23
7.60
3.64
7.75
8.57
3.44
3.83
-1
24.18
25.85
Speculative series
3.59
Conv
14.82
15.84
Stock
5.47
6.08
Fund Inc.
Industrial Fund, Inc_
—10
First Boston Corp
0
First Mutual Trust Fund2
Fundamental Investors Inc.
Fundamental Trust shares
General Capital Corp—.—
General Investors Trust—
23.78
25.60
16.06
16;91
1.86
2.04
Fidelity
Financial
35 V2
New
5.60
8.74
6.45
6.12
Building supply
Business
Equipment
82
'85
6%
—>2018
58
90
,92
90
92
50%
52
1st 3-4s Income.
Bt
Louis to San
6.35
7.09
Insurance
8.98
9.87
8.59
Machinery
8.63
9.49
Chemical shares
6.16
6.78
Merchandising
9.94
10.93
9.38
Electrical Equipment.
Food shares.
Administered
Fully
—
stock
-
10.31
7.73
8.50
11.15
12.25
Public Utility
Railroad
5.54
6.10
—
5.16
5.69
7.06
Railroad equipment
American
Alliance
—
6.80
7.48
American
Automobile
American
Casualty
9.83
10.32
——
7.37
8.10
—
6.58
7.24
Merchandise shares
8.65
9.51
Petroleum
Mining shares
4.84
5.33
Putnam
7.42
&
Trading
(Geo)
20
6.69
4.39
shares—
4.38
3choellkopf Hutton and
Pomeroy
6cudder, Stevens to Clark
16.09
3.29
3.61
2%
3'A
Republic Invest Fund
2.83
3.98
30
14.96
1
6.08
2.56
Equipment shares—..
5.21
4.41
4.86
Selected Amer Shares
5.01
——
shares
—10c
Fund, Inc
4.73
Tobacco shares
Utility
4.83
11.85
—.1
Fund
RR
-
8.16
10.78
Tobacco
Railroad Bond shares
stock
5.32
Sovereign Investors
•
99.01
101.01
2 ft
11.99
12.98
1
6.31
6.91
Agricultural
Corp—......I
Utilities
Standard
10c
80c
10c
1.65
1.69
0
Common
22.27
54.00
83c
92c
Union
Bond
Aviation Group
96c
if America—10
27.77
30.18
13.60
13.91
B-2
Series
B-3
Series
B-4—
6.30
D
29.51
25.26
27.70
16.87
18.49
9.05
—
8.27
North
18%
20%
32 V*
10
11%
—.8
8
.
18
61
10
38
40
—.2%
28
10
Amer Trust
1
Series 1956
1
18%
10
Brooklyn Trust
100
.
Central Hanover Bank & Trust 20
Chase
National
Bank
15
Chemical Bank & Trust
10
Far
45
47
100
190
Grace National
100
130
104%
100
334
38'A
40 %
Trust
Irving Trust
Kings County Trust
Lawyers Trust
2
Amsterdam
New Brunswick
25
20
Manufacturers Trust Co
49
58%
52
60%
42%
18%
19%
New York Trust
56
Public Nat'l Bank to Trust_17%
44
46
97
Sterling National
2
24
18
8
45%
32
t
*
26
26
49%
8
:
"
52
■
11%
20 %
13
/
//
22
48*
29
,10
150
f
2.50
River
.
:6
24
Casualty
North
20
Northeastern
-66
8
Northern
'■ •
J
"■
-
n ffff
5%
6%
74
79
'
Pacific
*
28
31
65
Indemnity Oo
Phoenix
69
':-;
02
Pacific
97
10
—^
50%
53%
iff
..
84
88 *
Preferred Accident
8
11
12%
Providence-Washington —10
32
34%
Reinsurance Corp (NY)——J
Republic
(Texas)
10
Revere (Paul) Fhre
10
26
29
12%
22
24
20%
22
St Paul Fire to Marine
31%
34%
Seaboard Surety-
20
Security New Haven
Springfield Fire to Marine
-10
47
51
..20
162
167
-10
53
56
91%
95%
11%
Fireman's Fd of San Fran... -10
Firemen's of Newark...
—8
Franklin Fire
.8
■;
--8
to Rutgers
.10
18
10
48%
Fire
,13
,"18
com..
20
51
..
7%m
*
;
Travelers
90
U S
.0
25%
27 %
10
10
23%
25%
98%
29%
WestcheBter Fire
1
—100
—
Fidelity to Guaranty Co__2
31%
113%
'
•27/
605
29%
620
/ ;42 %
4
////
66
sS50/^;:
109
10
6%
■
63
25
U 8 Guarantee
94'A
—
•
.:.47-..
,__10
U S Fire
-10
Fire
24
86
«
....
5
12%
Standard Accident
9
1
..
preferred
American
Recent
10
22%
25%
Title Guarantee & Trust
69
12"%
10
38
41
United
100 1,585
1,645
vJ
Par
-
44%
„
45
48
'
10
78
—2.80
30
Par
Sioux City Gas & El 2%S
1975
Tenn Gas & Transm 2%s„1966
101
101%
101'A
101%
100 Va
100%
84
*32%
100
266
12%
42
101%
25
-25
272
44
104 %
Security Issues
Bid
Ask
r^Bonds—
^American Airlines 3s»
74
Federation Bank & Trust
40%
140
New Hampshire Fire
New York Fire
63-
SVi
a—20
—.10
New
23
Cram to Forster Inc—..JO
343
54
92
20
Bank & Trust—10
53
64%
10
91/4
26
51
As£
Exchange Bank & Trust_20
Empire Trust
i
50
Continental
Corn
-C^Uf'Elec
..I960
Power 3s
83
1976
Ej/Paso Electric 2%s
fGAtineau Power 3s
%
Texas Power & Light 2%s_1975
Utah Pow & Lt 2%s
1976
103 %
Yonkers El Lt to Pow 2%s„1976
104
99%
1970
;
100%
103V\
1976
—
85
103
Bid
Ask
99%
100%
99
99%
States Trust
100
740
770
'Illinois Power Co 2%s
'Iowa Pub Serv 2%s
1976
102%
1976
Kans Okla & Gulf Ry 3%s.l980
101
101%
Central
100V2
Heinz
3.65%
105
106
1965
102
102%
Monongahela Power 4.40%—.100
108
1975
109%
103%
104V2
102
Montana
Trust
14%
98%
Monongahela Power 3s
Fiduciary
First National Bank
12
1961
Laclede Gas Lt 3%s
...
1975
103%
100J/2
100%
Ohio
Power
2%s
Public Service 2%s
1, 1950-1948
1, 1962-1950
1%* Jan. 1, 1953-1951
ay** Feb. 1, 1955-1953..
Par
Ask
Federal
1%S Oct
l%s
Bid
-
1%S
100.4
99.8
99.26
—
100.8
99.2
May
99.30
103
Home Loan
Apr,
15,
Other
I03y2
98%
Ohio
99.29
Panama Canal 3s—
1947
..
'J
Ask
Pennsylvania
Serv (Ind)
3.50%
Ruppert (Jacob) 4%%
100%
10iy2
3cranton
100V4
97%
101'A
100%
101 »A
100 %
101'A
Willys
tSept
tSeot
'
126%
United States
molts.";
Maturity—
Bid
100.4
t%s Jan.
1, 1947
1947
.1%%
100.15
100.16
V/eS Feb.
1948
-lVb*
100.8
100.9
1, 1947
1, 1947
100.26
100.27
1946
Nov.
Dollar Price 100 Flu*
of Indebtedness—
15,
I,
Bid
Ask
-
.0072
.0112
.0078
t%s April I, 1947
.0152
.0222
.0179
.0282
t%s July 1, 1947
t7/«S Aug. 1, 1947
t%s Sept.
t'/sS
V.
-
*
Dec.
.;
n
'
52%
Treasury Bills
Ask
7
b0.375
0.35%
Jan. 23,. .1947—
b0.375
0.35%
b0.375
0.33%
Jan. 30, 1947.—
Feb. 6, 1947..—
b0.375
0.35%
0.34%
Feb.
hO 375
0.35%
0.34%
Feb. 20,
b0.375
0.35%
b0.375
0.33%
1946
b0.375
0.33%
1946
b0.375
b0.375
b0.375
19,
Jan. 2,
b0.375
0.28%
1946
1946
1947
Bid
Jan. 9, 1947——.——
Jan. 16, 1947
———w-*-.
b0.375
29, 1946.
Dec. 26,
.0167
March
*
102
61%
:
.
,
13, 1947
1947
0.34%
0.35%
.0134
.0114
t%s June 1, 1947
•
105
101
4%
104
102 %
Rate* quoted ar* f*r discount »t purchase
12,
1*
r/aS Dec.
100>'
v
102'/2
127%
"
Dec.
100.3
Overland
105%
99.31
Figures after decimal point represent one or more 32ds of a point
Certificates
97
:.-.i
98 «'■•:
103%
3.35%
1975
98%
104
:
*96
100
Scranton-Spg Brook 2%s..1976
5,
100.2
Electric
•>92:
102
Public
Scranton Spring Brook 4.10%
Sioux City G to E 3.90%
100*
Union Oil (Call
$3.75
•
Dec.
Bid
3.90%
Electric 3.70%
100y2
Quotations For U. S. Treasury Notes
100.1
90
Service
100% y 101JA
Treasury bills—
1V*%
3.50*%
lOOVa
■OliSUiJ'
Int. Rate
Public
Power
100 A
—1961
3-
Maturity—
IMarch 15, 1047—
Wept 15. 1947
Maine
(H J)
Far
issues
U 8 Conversion 3s
103.8
Preferred Stocks—
1981
Public Serv (Okla) 2%s
Bid
Bank*—•
1948
99%
Pennsylvania Electric 2%s._1976
Philadelphia El Pow 2%s..1975
Portland Gas to Coke 3y*s_1976
Obligations Of Governmental Agencies
Far
r
1976
Pacific Gas & Elec 2%S
Federal Land Bank Bond*—
;•
6'/4
205
Morgan (J P) & Co Inc
National City Bank
Trust Co
5»/*
.
24
60%
10
10
177/8
18%
100 1,780
1,830
47%
Commercial National Bank to
.
200
Guaranty
125
10*1 %
45'%
Bid
Fulton Trust
30%
375
;25%
;
10
21%
Glens Falls Fire..
2.71
U 8 El Lt to Pwr Shares A
ll»/4
'89%
23
(Detroit) ..10
8
General Reinsurance
Corp..
Gibraltar F»re to Marine
3.16
9%
89 "" '
•
7%
Casualty
National Liberty
National Union Fire
6
Fire Assn of Phila
7.10
shares—
Ask
29
360
Bankers Trust
5%
L10
2.70
90
:*//
:
Monarch Fire
National
66
Employees Group
6.20
..
National Fire
-
60
Employers Reinsurance
2.39
32
•
10
City of New York
Connecticut General Life
Continental Casualty
86%
Meroh & Mfrs Fire w wy..l- *
33
16
'
13%
10
r ;
'
58
Camden Fire
26%'
14 y*
'
41
24%
17%
30
Bankers to Shippers
Boston
'•
10
'
'
38
20
Maryland Casualty
l
Massacnusetts Bonding.
12 %
Merchant Fire: Assur———.^.8
11%"
15%
2D
—
■
City Banks & Trust Cos.
100
York
New
10%
10
Baltimore American
Hartford
of
■;'Atsk
"
8'
,
16%
Surety...—.
Hanover
Bank
>
•
•
14%
Reserve
Automobile
2nd
Bank of the Manhattan Co
Homestead Fire
Znsur Co of North America
Jersey Insurance of N Y
American
American
Great
Bid
13%
32
Bid
'
•'
75
19.57
•
'
47%'
21.60
2.BO
>•
V "
72
29%
American Equitable
Globe
Par
12%
30%
..
■
45%
American Fidelity to Casualty.8
American of Newark
*_a%
American Re-Insurance..
10
Globe to Republic
New York
'
•
Hartford Steamboller Inspect—10
Fidelity to Deposit of MA
Series 1955
9.93
-
■
Home
17.93
Diversified Trustee Shares—
28.19
—
6.89
7.56
1
Independence Trust Shares
B-l
■
54
19.76
Unit Type Trusts—
Keystone OusWfan Funds-
18
48
/
-
St Louis & San Francisco com
Ask
Federal
14.09*
-1
23.16
20.77
1.06
12.86
Series
C
Wellingtou Fund
Stock and Bond Group shares.
Series
-
Union Preferred Stock Fund
99c
90c
—
A
10.58
9.66
shares
Bank Group shares.
Insurance Group shares
Investment Oo
series
Union Common Stock Fund B—
Ltd—
Investor* Fund O
Fund
22.46
19.00
Series
Securities
Institutional
25o
23.95
Incorporated Investors
**N
-
„
51%
10
75c
51.00
Trusteed Industry Shares
60c
Fund Inc
67c
State Street Investment Corp...
Income Foundation
J
......
,
83
——4
—
Huron Holding
.
1g
Oils
8.70
shares-
Steel shares
66
46
,
20
Life
5.60
—
Railroad
Aetna
6.42
shares—
..i
.
10
7.97
Institutional bond
Low Price Shares—
,
,
Preferred
Bid
-
—10
—
7.91
Investing
Petroleum
Aetna
7.25
Industrial Machinery shares-
'29
Insurance Companies
Par
Aetna Casual to Surety.
5.09
share*—
bond shares—
General
7
■
.
16%
Preferred
7.80
6.50
7.81
5.77
Denver & Rio Grande eonu^J,
Francisco—
50-year 4s
Income 75-year 4%s
11.62
5.91
shares.——
Aviation
:
62
60
1993
ii)
~26--:•,••
.100
preferred
12.00
10.57
Building shares
Automobile shares
Common
9.71
10.92
Speculative
Electrical equipment
shares
Agricultural
Chicago Rock Island to Paclflo—
9.15
Diversified
7.29
4%s
Ask
12.41
8.83
Diversified Investment Fund6.63
Income
Bid
■
11.52
8.32
11.29
Chemical
Group Securities-
107
2019
4%s
105
9.03
10.48
stock
Bank
Income
Par
Stocks
1994
6.49
8.21
—
9.61
5.89
Aviation
Ask
& Pacific¬
1st
Automobile
43.82
5.82
—1
Agriculture
5.86
14.98
40.75
England Fund
New York Stocks Inc—
28V2
5.24
13.67
series
Bid
Denver to Rio Grande—
4.01
-1
par
ist 4«—_—
-
Fund.
—
Chicago Rock Island
4.11
Preferred stock series
Selected series
Fund.
Teletype NT 1-098
Reorganization Rails
7.76
'
6.05
Low priced bond series
Low priced stock common
Katon to Howard-
BeU
25.84
-
Securities—
Corp
Security Series—
National
7.87
24.03
-
shares
National Investors
32.19
13.54
14.64
1
Christiana Securities com—100 2,61o
2,710
Preferred
——100
150
155
Commonwealth Invest——1
5.62
6.11
Delaware Fund
1
18.08
19.55
Dividend Shares
-JMe
137
1.51
Stock
AQ Exchange Place» New York 5, N. Y#
-
47.23
.10«
Natlon-Wlde
Balanced
kfiih.!':'', 'I
V
Manhattan Bond Fund Inc—
6
16.23
Century Shares Trust
Chemical Fund—
'
'-
V
I 5.48
4.93
,
Co.
&
Members New York Stock Exchange
Members New York Curb Exchange
11.61
4.27
-
.
22.38
1
Ltd
Real Estate Bonds
Shaskan
J-
10.55
,
■
Knickerbocker
20.04
102.04
Ltd.———1
Inv Fund
Canadian
on
27.04
97.96
•#
Broad Street Invest Co Inc
Fund
22.36
20.81
17.76
America
Boston Fund Inc
Bullock
18.28
K-2
Series
8V2
Quotations
I
K-l
Series
4.05
5
Ask
■
Series
11.30
7%
7.32
15.09
5%
Oil share*—
Standard
Axe-Houghton Fund Inc——
...
Series
4.41
35 'A
3.70
10.40
Bid
.
(Cont )—
Series 8-l_
6.48
,
33 'A
American Business 8hares
Assoc'ted
Par
Keystone Custodian Funds
X
—1%
Aeronautical Becurltlee
Amerex Holding1
Ask
•;
For
"
"
Bid
Par
/»
Mutual Fund*—
^
Oct.
1,
1,
1947
1947
*%S Nov. I, 1947—
tYeS Dec. 1,-1947 w i
—i—
.0146
.0266
.0234
V .0370
.0177
.0330
.0201
.0370
.0227
.0412
.0148
.0345
a
Odd lot sales.». b Yield
g Formerly Club Aluminum
sale—not included in range
livered.
Ex-divldeud.
x
y
price.
for
year,
Formerly
•No par
dividend.
"
value,
sa7e.
t Ex-stock
Deferred delivery,
a
.'V,*
Cohn Inc.;
dividend.
Ex-rights.
Alfred Decker to
1946, and common.stock split on
z
cCash
tin default,
a
»
name
3-for-l basis.
tThese bonds
(Un)
are
;
.
to
v..
subject
r
all
Issue,
price
s
Cash
w d When
de¬
*
Society
^
to
f Flat
Canadian market,
Unlisted
-
changed
Ex-interesr.
e
Utensil Co.. k Removed to Stock Exchange,
Federal
Brand
^
taxes.
Clothes
••--••
July
29
-
fEx-hrraldatlnf
•I
|
THE COMMERCIAL & FINANCIAL CHRONICLE
2726
Monday, November 25, 194(5
Week
CLEARINGS
THE COURSE OF BANK
1946
$
compared with a year ago.
Preliminary figures compiled by us, based upon telegraphic advices from the chief
cities of the country, indicate that for the week ended Saturday, Nov. 23, clearings
for all cities of the United States from which it is possible to obtain weekly clearings
will be 24 5% above those for the corresponding week last year.
Our preliminary
total stands at $13,224,346,304 against $10,619,065,313 for the same week in 1945.
At this center there is a gain for the week ended Friday of 14.2%.
Our comparative
clearings this week will show an increase
Bank
Third
$5,504,740,070
$4,820,041,875
593,803,837
386,899,83.0
A
Kansas
Seranton
510,000,000
Fourth
+ 21.7
2,608,377
+ 59.1
44,986,912
+ 51.2
6,667,500
4,864,951
+ 37.1
l6,Tl5~500
5,699" 800
726,113,203
+17.1
827,860,886
726,796,334
226,192,000
+
+ 38.1
+
eities, five days
$8,798,006,317
$7,040,856,482
+ 25.0
2,222,282,270
1,656,699,975
6,377,776
4,608,653
+ 38.4
153,196,827
276,357,373
123,848,810
+ 23.7
215,683,434
+ 28.1
18,505,300
3,321,988
2,866,480
6,069,308
237,074,642
4,260,392
230,124,905
+
706,531,414
„
599,897,974
-
Total
$11,020,288,587
—.
$8,697,556,457
2,204,057,717
—
1,921,509,856
Virginia—Norfolk
26.7
South
+
+ 24.5
register
however, which
an
having recorded
District by
—;
Grand
4,011,227
Inc. or
6,214,948
3d Philadelphia
1944
$
498,915,211
436,594,783
+14.3
473,431,367
6th ■Atlanta
5,963,030,163
+ 10.9
6,452,796.647
Terre
u
850,625,530
726,113,203
+ 17.1
827,860,886
Louis
Francisco
599,897,974
+17.8
755,026,646
640,266,530
'
324,057,648
+ 19.8
351,267,139
296,891,582
!!
552,905,569
Total
+ 21.9
513,322,854
426,342,655
744,650,752
+19.9
795,377,570
351,034,529
+ 15.4
378,820,150
337,589,136
258,628,840
+ 30.5
251,886,328
227,738,333
301,819,019
+ 27.1
341,107,793
322,668,810
"
239,060,300
188,533,066
+ 26.8
193,845,548
453,483,018
+ 21.9
513,322,854
426,342,655
Reserve
878,979
7,261,336
723,218
604,599
9, 244,534
+ 27.3
6,892,352
4,033,929
+ 49.5
5,107,811
5,383,585
4,550,110
+ 26.7
34.8
4,294,288
41.616,000
+ 48.5
3,702,005
District—Chicagol, 466,388
I
5, 348,465
add
"
642,220,156
543,250,109
+ 18.2
658,649,344
.12,508,481,328
10,891,093,104
6,138,673,843
+14.8
.
5,109,006,659
11,993,392,272
+ 20.2
'
x*6
'/
J.
12,043,307
+
1.6
10,448,369
41,072,047
+ 27.3
45,435,510
34,502,415
3, ,652,054
+ 61.2
2,349,453
23, 876,831
2,265,582
18,423,551
+ 29.6
16,175,303
2,136,053
12,607,930
11, 817,363
8,013,357
+ 47.5
7,467,783
7,082,311
1, 109,711
887,030
+ 25.2
807,678
688, 082,732
586,899,761
3,693,015
+17.2
630,495,659
593,461
503,403,322
-
-
3, 646,248
.
>
.
,
Clearings- at—
1946
1945
-
.
16
Inc. or
$
QJ
631,901,372
194,600,000
+
11.2
215,100,000
79,188,192
75,629,337
1,617,000
+ 22.9
18.9
85,984,712
76,338,438
208,000,000
77,288,800
+
1,552,696
+
4.0
1,397,000
59,140,786
1,129,000
405,160,384
Louis
Illinois—Quincy
—
Total
351,034,529
+ 15.4
Federal
378,820,150
345,558,586
8.3
+ 30.6
5,611,395
171,552,553
59,628,129
4,497,081
5,256,574
153,753,097
57,156,728
2,264,639
1.739,583
*£33,689
—
(4 cities)
+
Reserve District—Minneapolis—
7,423,230
6,854,005
179,837,823
57,263,763
235,159,862
—
74,790,439
Dakota—Fargo
Dakota—Aberdeen
I
6,329,750
+
+ 30.8
4,684,880
+ 35.1
+ 78.8
1,844,546
+ 26.2
7,335,121
1,693,232
2,791,756
5,503,381
33.3
2,672,335
6,080,289
337,589,136
258,628,840
+30.5
251,886,328
•
3,027,917
3,522,817
——
-
(7 cities)
+
5,734,023
227,738,333
.Worcester
3,449,036
+ 23.7
4,162,181
3,472,677
374,910,236
+ 12.7
407,734,528
356,186,655
1,187,517
+ 54.2
1,631,531
1,079,174
862,902
—21.6
..1,827,053
6,016,913
668,783
-
1.6
,
3,898,653
+ 33.0
4,413,547
2,870,614
+ 18.7
18,021,727
14,360,475
7,277,980
+ 13.9
7,450,747
6,100,579
17,928,600
+ 21.1
436,594,783
'
,
498,915,211
,
+ 14.3
2,565,254
7,250,653
46,340,700
;
Galveston
823,297
598,499
i
Wichita Falls
2.024,719 lv
6,890,764
7,996,418
+ 26.7
2,176,865
1,507,357
64,450,037
+29.6
80,710,000
74,588,000
1,704,083
1,016,021
+ 67.7
1,569,878
1,310,909
1,360,651
+ 32.7
1,543,918
1,108,850
5,782,086,445
-+i(u
6,239,079,754
4,877,967,584
:
B3,517,814
Elmira
^
York
6,369,807,485
-
——
19,010,144
14,522,901
+ 30.9
17,054,851
i 10,583,206
Syracuse
Connecticut—Stamford
8,376,971
+26.3
7,799,803
8,961,792
p»f* »
-
38,718,388
Northern New
Jersey-.
31,944,156
48,038,080
(12 cities)
—
41,422,767
6,610,403,003
&963,p30,163
?
322,668,81
4,288,965
151,209,000
+ 43.6
+ 27.7
+ 33.1
3,173,902
159,262,000
19,298,410
3,314,356
2,583,710
128,917,000
20,039,044
+ 10.3
l,96l;531
11,238,663
.
6,423,856
Yakima
+
18.1
17,057,165
3,658,000
1,618,807
+ 25.4
6,835,349
5,697,196
+26.8
193,845,548
159,531,878
Utah—Salt Lake City
Francisco
309,503,754
8,952,653
Jose™
;«
2.741,741
"+28.8
8,528,792
6,759,461
+26.2
10,993,621
Santa Barbara-
Stockton
;
51,847,433
39,481,704
Outside
£.452,796,647
5,057,98.2,439
106,258,856
3,527,733
+22.8
-
8,468,166
-7,673,751
367,413,789
Pasadena ^
San
'
1.4
+11.5
+35.4
+29.2
+ 1.2
+ 33.0
+18.7
41,508,026
,
California—Long Beacbu_
San
\V
90,335,937
—
Grand Total (111 cities)—;
•»
6,962,829
3,530,028
T?r-
584,458
t
3,529,000
2,504,228
138,533,066
3,988,362
__
Oregon—Portland
28,274,271
■£'
„
90,779,684
36,657,120
kI'i.v.-:
341,107,793
Reserve District—San Francisco—
92,109,348
3,576,268
73,342,758
32,125,614
8,368,083
5,770,429
.
—
'
87,662,646
2,607,826
81,931.609
102,676,101
;34,762,762
9,194,964
5,614,868
379,483,000
„
"
8,260,983;;
2,834,594
6,035,483
34,457,358
11,497,814
1,803,641
279,539,000
,-
£,741,768
2,282,311
4,988,184
7J50Q,369
Total (10 cities)-.
New
642,220,156
;
York
r
v.
v
+ 27,1
8,730,298
Washington—Seattle
666,298
+10.9,
301,819,019
c2TSfc
;;+i
6,799,958
+ 16.0
1,446,08
933,55
239,060,300
—
14.9
+
1,344,165
1,257,093
2,762,740
+ 21.1
630,086
+ 10.9
+ 32.2
4,696,000
-
„
+12.8
7,943,856
718,252;;
Newark
7,944,37
1,433,131
1,400,277
80,292,284
2,784,179
438,030,770
1,805,755
Buffalo
6,713,670
6,156,959
473,431,367
+ 244.5
236,642,017
+ 45.0
23,669,303
Twelfth FederkI
24.9M.750
+ 29.0
6,989,108
193,045,000
20,211,000
s%
District—Newyork-i*
Bingham ton
6,556,105
197,586,179
383,748,568
Fort Worth
■
v
+ 20.6
Eleventh Federal Reserve District—Dallas-
Total (6 cities) til—
York—Albany.
+ 36.5
7,252,992
10,131,224
1,589,127
Total (10 cltjes)-
Louisiana—Shreveport
Total (12 cities)
+ 21.4
3',460,786
254,856,270
City—
78,369,442
3,945,81
79,738,58
3,096,34
■6,817,16
218,248,67
1,851,232
Missouri—Kansas
Texas—Austin
'
245,10
253,10
8,746,777
III—I
Dallas
+ 36.4
999,301
1,210,470 i
364,216
4,886,590
+
;
\
267,474
10.3
+ 27.3
4,722,409
-
—
Pueblo
;
+ 31,9
361,049
4,690,816
95,116;956
—
Wichita
Colorado—Colorado Springs
4,366,603
275,239
398,344
5,973,168
-
St. Joseph
457,665
5,806,869
17,225,459
24,455,700
•
|
1,457,850
1,623,747
+ 10.2
—
3,286,461
Rhode Island—Providence.-, :..,.
.m
739,279
5,184,675
r„
—:
Hampshire—Manp.hfist.fir;:
883,410
20,441,545
■
—TT
+ 75.7
City363,061
Hastings
Lincoln
Kansas—Topeka
1,011,133
3,790,935
■
—
Jersey—Montclair.,
2,781,999
795,377,570
89.908,004
Omaha
6,629,350
New;Bedford.
Rochester
3.3
+ 19.9
216,400,000
97,299,684
Helena
$
676,677
Lowell
Jamestown
3,154,081
744,650,752
Tennessee- -Memphis
..
1,831,182
n»
Second Federal Reserve
1,915,716
6,166,042
893,015,863
-
Montana—Billings
1943
1944
Dec. %
.
422,358,025
————
Massachusetts—^Boston
New Haven
3,038,776
3, 259,222
(17 cities)
Nebraska—Fremont
.
1,776,308
...
Connecticut—Hartford
10,252,431
+ 53.7
—
4,909,253,862
4,268,083
Maine—Bangor
Springfield v
+ 36.6
2,771,637
2,379,342
2,280,288
Tenth Federal Reserve District—Kansas
6
RlyerZ^^Iwy
3,788,935
8,253,994
4, 259,493
South
V- First Federal~ Reserve District»wBo«toji—';
Portland
1.3
11 271,805
detailed statement showing the figures for each city for the
T
>
3,237,788
52 ,296,296
North
9,787,221,446
5,754,312,518
Week Ended Nov
i
+
33,444,000
3,863,900
7,750,510
St. Paul
week ended Nov, .16 for four years;
'
3,216,007
+ 66.8
12, 241,820
Minneapolis
513,512,157
——
our
37,558,000
4, 776,766
City—
Total
now
4,220,139
50. 635.000
Minnesota—Duluth
159,531,878
Outside New York City
4,840,491
230,744
Arbor
Ninth
345,558,586
383,748,568
H
111' cities
——
+ 28.5
67,339,812
631,901,372
405,160,384
t
453,483,018
£93,015,863
■.
2,249,912
67,884,372
6,182,131
1
10
.,
49,469,895
+ 16.8
94,106,839
Kentucky—Louisville
388,306,194
6
———
2,883,955
60,090,517
Eighth Federal Reserve District—St. Louis-
706.531,414
10th Kansas. .City—!-.•
11th Dallas
28.0
25.9
470,757
Wayne
Missouri—St.
'
"
7
9th Minneapolis
3,334,516
+
108,904,232
Illinois—Bloomlngton
■*
"
4
—
+ 32.8
+
+ 17.4
Haute
Sioux
11,569,719
38,084,568
155,900,000
2,550,675
+ 27.2
Wisconsin—Milwaukee
726,796,334
17
-wm,
198.200,000
361,528
Iowa—Cedar Raplds_
Des Moines
5,057,982,439
y—*'
—
■
7th Chicago
13,838,146
51,534,228
26.3
97,568,344
Indianapolis
438,030,770
6,610,403,003
:J$'"
+ 17.1
+
$
"
7
Cleveland
\ 6th Richmond
42,016,750
296,891,582
1943
10
———
+15.0
459,986
Springfield
12
la cltles
1st Boston
+16.7
114,524,425
I
South Bend
'
2d New York
2,663,221
54,349,324
64,759,868
4,836,624
75,613,182
Rapids
Total
Dec. %
6,637,000
91,024,323
2,099,695
153,700,568
552,905,569
Federal
Indiana—Fort
and the Minneapolis Reserve
$
3,021,305
3,407,793
Lansing
and the Atlanta Reserve
1945
1,413,241
8,372,000
+ 19.5
Peoria
$
.1,801,575
+ 25.8
6, ,031,135
Seventh
Michigan—Ann
26.8% and the San Francisco Reserve
1946
-
+31.7
+ 28.6
We group
SUMMARY OF BANK CLEARINGS
Week Ended Nov. 16—
Total
640,266,530
11,809,975
68,416,126
Total (10 cities)
furnish a summary by Federal Reserve Districts:
Federal Reserve Districts
New
755,026,646
46,412,829
167,700,000
i
Decatur
V
New
+17.8
17,189,100
351,267,139
~
Mobile
■?
■-
In the following we
New
262,459,947
+18.0
Rockford
New
312,822,248
+19.8
IIIII—
Chicago
•
:
2,568,768
4,396,434
3.0
324,057,648
Mississippi—Vicksburg
The Cleveland Reserve District enjoys a
the Dallas Reserve District of
27.1%,
1,735,836
211,800,000
_
Louisiana—New Orleans
In the Kansas City Reserve District there is an improvement
30.5%.
—
Macon
The Chicago Reserve District has managed to enlarge its totals
'•
v
3,947,663
Federal Reserve District—Atlanta-
Florida—Jacksonville
Alabama—Birmingham
| District of 18.2%.
,
2,426,715
+ 42.5
90,289,976
2,799,214
190,971,864
57,032,510
Nashville
that in the New York District (including this city) the totals
increase of 10.9%, in the Boston Reserve District of 14.3% and in the
by 19,9%, the St. Louis Reserve District by 15.4%
.
+15.9
14,108,744
„
Georgia—Atlanta
Augusta
appears
District of 21.9%,
Fall
+ 30.4
388,306,194
....
—.
Columbia—Washington-
(6 cities)
Sixth
present further below,
we
increase of 10.2%.
an
-gain of 17.8%, the Richmond Reserve District of 19.8%
•
236,428,591
8,100,000
92,980,680
2,781,763
161,133,247
57,326,122
Tennessee—Knoxville
Outside of this city there was a gain of 20.2%,
Philadelphia Reserve District of 17.1%.
■'
4.643,403
112,580,287
259,631,561
21,221,200
54,349,138
of
Total
Federal Reserve Districts in which they are located and
the cities according to the
■
5,640,595
149,336,664
3,246,910
185,388,744
67,634,678
~
Carolina—Charleston
District
2,285,614
10,190,000
119,560,248
.
Maryland—Baltimore
+ 14.7
$13,224,346,304 $10,619,065,313
the bank clearings at this center
| from this it
Virginia—Huntington
34.1
+
Richmond
093,104 in the same week in 1945.
'
i
Fifth Federal Reserve District—RlclunondWest
For that week there was an increase of 14.8%, the aggregate of
Nov. 16.
(7 cities)-.
52.3
able to give the final and complete results of the weeks previous—the week
*We
■
District—Cleveland-
Pennsylvania—Pittsburgh
57.4
issue of next week.
12th San
2,255,284
.
Reserve
24,123,500
Mansfield
We cannot furnish them today, in as much as the week
Saturday and the Saturday figures are not available at time of going to press.
8th St,
1,462,213
2,760,113
1,590,799
1,809,565
+ 11.7
2,127,023
Youngstown
clearings for the whole country having amounted to $12,508,481,328 against $10,891,-
;
1,742,620
709,000,000
+ 43.8
In the elaborate detailed statement,
4th
2,306,257
t7,541,240
+
+ 62.9
Accordingly, in the above the last day of the week in all cases has to be estimated.
*
802,000,000
4,050,232
—
-
Cleveland
Complete and exact details for the week covered by the foregoing will appear
of
Federal
+ 57.4
116,105,000
Total all cities for week-.
r
2,213,583
16.7
2,587,834
4,148,614
_
171,100,000
166,904,396
—.
Total all cities, five days
|ended
3,739,549
2,183,536
+ 27.0
+ 25.9
850,625,530
——
174,440,616
166,979,700
All cities, one day-
we are
+
2,135,952
Columbus
Other cities, five days
|
2,131,661
706,000,000
4,524,132
Ohio—Canton
+ 30.0
160,841,384
Ten
ends
1,170,671
1,038,712
Delaware—Wilmington
New
Jersey—Trenton
+ 46.5
308,256,077
230,543,368
*—
Baltimore
our
834,432
—,
Cincinnati
747,000,000
245,010,732
Pittsburgh
Cleveland-
'$ in
521,841
1,392,416
42.5
Wilkes-Barre
355,950,000
San Francisco
720,338
19.1
+
2,707,664
274,492,607
—
+ 95.3
+
2,688,271
278,800,000
City
St. Louis
714,645
577,875
824,000,000
Philadelphia
+ 53,5
400,761,307
Philadelphia—
Boston
$
902,487
Reading
+ 14.2
Chicago
1943
$
%
1945
1946
Week Ended Nov. 23—
1944
or
823,677
Lancaster
Total (10 eities)
New York.
Inc.
Dec. %
1,395,982
Chester
Clearings—Returns by Telegraph
#
1,081,856
Bethlehem
York
Ended Nov. 16
$
District—Philadelphia-
Pennsylvania—Altoona
for the week follows:
summary
Federal Reserve
1945
i
|Npt?
to )tota(s.
•
■
543,250,109
+18.2
W 658,649,344
:i 513,512,15T
12,508,481,328
10,891,093,104
+ 14.8
11,993,392,272
9,787,221,446
% 0,138,673,843
5,109,006,659
+ 20.2
5,754,312,518
4,909,253,863
Volume 164
Number 4545
THE COMMERCIAL & FINANCIAL CHRONICLE
:
,
'v
Foreign Exchange Rates
'•
522 of th6 Tariff Act of
daily
tifying
World,
i
"
cer¬
different countries of the
v:>: •=
Erwin
v-3
ftNOV. 15,
1948 TO NOV. 21,
y-f^tySK
Convertible
■
-|
♦'/«%
I
29
2284
Nov
29
2406
Nov
29
Dec
1
2406
Jan
1
1718
1
2408
31
2017
————
4s, due
1956
debentures
Corp.-—
v;
debentures, due
Greyhound Corp., 3%
III
.
?
.
2541
»
1956——I-i——Jan
1
Dec
1
2287
1
2287
2286
debentures
2018
preferred stock—
Indiana
———
Service
Corp.—
■ -r .../1
1st and refunding mortgage
bonds, ser. A, due 1950—Jan
Lafayette Hotel Co., 1st mtge, 5s, due 1947—
Dec
Lake St. John Power & Paper Co., Ltd.—
#!%:•:>
Buying Rate for Cable Transfers In New York
Noon
Utilities
Peas
—Nov
-
Coal Corp., collat. trust 4s, due
1956——Dec
Mills Co., 6%
preferred stock
Dec
Public
1930
-..
mil
debentures.—
-
Cotton
General
1946, INCLUSIVE"
x>*tm
Corp.*
6tock
Detroit «teei coi'p.v;2u-year 6%
Elk Horn
FOREIGN EXCHANGE RATES CERTIFIED BY FEDERAL RESERVE fiAN&TO "TREASURY - UNDER TARIFF ACT OP
'*J
preferred
debentures due I960——.
Deerfield Packing Corp., 1st mtge.
"
;
6%
r
We give below: a record for the week just passed:
;
'
Heserve Bank is now
to the Secretary of the-Treasury the buying rate for cable
<
-
Company and issue—
Consolidated Grocers
•
-
2727.
.
•
Value In United States Money
Country and Monetary Unit
; "
:
Nov. 15
Argentina, peso—
NOV. 16
$
Official—
.297733*
.251247*
Free—
Belgian, franc
.251247*
.022796
Brazil, cruzeiro—.
Canada, dollar—
e; Official•'v' Free.—-
■.
*
.251247*
.054053
;;r
-
^
.054053
3.211450
.022794
-
;
—Jan
debentures, due 1968—Jan
Metropolitan Ice Co., 1st mortgage 7s, due 1954.
Midi RR., 4% bonds,
foreign series, due I960-—Dec
National Dairy Products Corp.,2% %
debs., due 1970
Dec
Neisner Brothers,
Inc., 4%% preferred stock
Dec 15
New England Lime
Co., 3% -6% debentures due 1966--—Jan
1
Niagara Falls Power Co.—.
v.
V;.',J■.■■■• ■
/■'
.297733*
.251247*
.'251247*
.251247*
.022794
'
.297733*
3.211283
,
.022796
v
.
1
.022796
<
-
.054053
.054053
1.000000
1.000000
950859
.952656
15
; 1st mortgage S'/as, series A
Macfadden Publications, Inc., 6%
$
.
3.211616
•
RW. 21
NOV. 20
.297733*
3.211283
.022796
.054053...
—
$
Nov. 19
.297733*
3.211933
3.212116
Australia, pound-——
„
%
.297733*
——
NbV. 18
.054053
2288
2411
2411
2289
2289
2412
1st and
1.000000
1.000000
.953593
V
.570066*
<
1.000000
>
.020060
.
-.949765
r
,570066*
.020060
Colombia, peso—i—
Czechoslovakia, koruna
v
*
.952265
-
'J.\
.
.570066*
/•
/.571400*
.020060
>•>
J020060
'
.208765
4.030859
4.030000
.008408
.008408
.008408
.301554
.301554
.301542
Mexico, peso
,205872
.205833
.205814
Netherlands, guilder
.377893
.377893
'
.208765
,208765
.208765
.208765
4.030625
4.030546
4.030000
-.008408
.008408
.008408
-.301554
.301542
.301542
.205805
.205878
.205845
.377893
.377893
.377893
.377893
1.000000
1.000000
1.000000
1.000000
.947291
.948541
.950000
.950416
..
•
1st Etnd
v
,
^
-
refunding mtge. 3%% bonds,
ser.
ml
1.000000
1.000000,
.950000..
.951041
'
2447
2290
1
2325
—
Newfoundland, dollarFree
B, due 1970_Dec
Pittsburgh Steel Co.—
1st mortgage bonds; 4Va%
series, due 1950Dec
1st mortgage
bonds, series B, 4Yg%, due 1950——
Dec
1st mortgage bonds, series C
due 1950—
.—Dec
Poli-New England Theatres, Inc.-*»
1st mortgage bonds, due 1958——— Amm «tk U ^mm
—Dec
Public Service Co. of
Colorado, 4% debs,, due 1949
Dec
'
Official
2551
.
.208765
4.031015
Denmark, krone—^
England, pound sterlingFrance (Metropolitan) franc
India (British), rupee—
2157
Ottawa
.571400*
i.020060
2056
Oak
'i05 2890
.571400*
.020060
refunding mortgage 3Vas, due 1966—u.—j
Dec 11
Manufacturing Co., 5% conv. debentures, due 1955_Dec
1
Valley Power Co., 1st mtge. 4s, due 1964—-Dec
1
Pennsylvania Glass Sand Corp., 1st mtge. 3&S, due 1960-Dec
1
Philadelphia Transportation Co.—
v
1,000000
r
.
3.225000
3.224833
3.224166
3.224500
3.224333
.201612
.201612
.201612
.201612
.201612
.201612
Portugal, escudo
.040501
.040501
.040501
.040501
.040501
.040501
Spain, peseta
Sweden, krona
Switzerland, francUnion of South Africa, pound-
.091324
.091324
.091324
.091324
.091324
.091324
.278208
.278207
.278214
.278171
Texas
3.224166
Norway, krone
SDalding
(A. G.)
& Bros.,
Pacific-Missouri
inc.-,
mm
debs,
Pacific
m.
due
Terminal
2325
2325
2325
mm' mm
2325
198*.Dec
RR.
•
.278208
.233629
.233629
.233629
.233629
.233629
mtge. bonds, series A, due 1974
—Dec
Toledo Edison Co., 3Mi%
debentures, due 1960
—Dec
United Milk Products Co., pfd. stock of no par value—Nov 30
4.005000
4.005000
4.005000
ENTIRE ISSUES
.233629
4.005000
New
Orleans, 3%%
'
4.005000
of
1638
.278208
New Zealand, pound—I
4.005000
Controlled
.658300*
1.658300*
.658300*
.658300*
.658300*
Noncontrolled
.562716*
.562716*
.562716*
.562716*
.562716*
Aluminium, Ltd., 6%
.658300*
.562716*
2327
CALLED
Company and issue—*
Date
Algoina Eastern Ry., 1st mortgage 6s—^^-.^.Mar
Uruguay, peso—
2327
2327
preferred
sto.'k——
Page
1
1325
29
Nov
1581
American, British & Continental C( jp.—6% gold debentures; due 1963^—Weh
Associated Electric Co.,
•Nominal rate.
j:
4Vnc/o bonds, series B, due 1953_Dec 20
Blue Ribbon Corp., Ltd.—
>
2Mit%. 3% and 4V6% first secured
2281
bonds
Dec 16
Bridgeport Molded Products Co.—
1st mortgage 5s, series
C, due 1955—
_Dec
1
Butte Electric 8s, Power Co.. 1st
mtge.; 5» due 195)—Any time
23
:
,
—
•
.
and
$104,000,000, respectively, both largely in New York
City.
Holdings Of United States Government bonds de¬
clined $42,000,000 in New York City,
$26,000,000 in the
Cleveland District, and $75,000,000 at all reporting mem¬
Statement of Condition of the 12 Federal
Reserve Banks Combined
Nov.
Nov. 20,
1946
for
deposits adjusted declined $71,000,000 in the
San Francisco District and $58,000,000 in the Cleveland
District, and increased $64,000,000 in New York City;
there was a net decrease of $29,000,000 at all reporting
member banks.
United States Government deposits
increased $23,000,000.
Deposits credited to domestic
banks increased in nearly all districts and the total in¬
+
reserves-—
cash
loans
Industrial
402,867
+
—
2,373
+
17,619
57,628
+
420,486
+
279,724
329,470
1,112
——
—
60,001
12,654
67,510
—
18,291,772
—
advances
and
Discounts
1945
+
777,345
gold ctf.
21,
—
10
—
crease
49,818
+
300,938
—
—
Bills
-
—
—232,758
14,669,936
+
+
61,000
—
—
835,100
+
10,000
——
—
—
753,390
S.
Govt, securities
23,521,938
—161,758
—229,278
+
securities
23,852,520
banks—,—-
-
102
F.
R. notes of other banks—
139,082
Merrimac Hat
Uncollected Items
Bank
premises
—
—
2,657,187
—J—«
11
—
+
2,216
Loans
1,109
—.
12,600
to
briers
45,305,346
assets
-264,272
961,932
+
Reserve
Federal
notes
24,675,511
—
26,784
+
vysj-'O-
bank—reserve
acct.
16,097,879
U. S. Treasurer—gen.
Foreign ———
acct.
633,174
596,086
Other
deposits
Deferred
availability items
Other liabs., incl. accrued-divs.
—160,634
55,959
+
+
—110,255
+
—
530
U. 8.
32,538
+
+
+
3,819
923
908
2,500
—
440
liabilities
44,637,522
——
211
4
—265,677
+
+
490
+
426
162
1•
,
CO
;«
CfcJ lCO 0OCJ1
*3
51
11,678
46
526
5,710
—208
263
-104
Total liabilities & cap. accts.
Ratio of gold
certificate re-
" 27,095
—
75
vault—
+
45,305,346
+
151
678
+
42
—
2,205
39,501
+
•Announcement in this
+
961,932
•
5
serves
note
to
deposit and
F.
liabilities combined
liability on
purchased for foreign
Contingent
respondents
...
Commitments
trial
R.
loans
———
to
make
+
0.3%
+
Dividends
58
first
129
29
—
10,323
and
U.
S.
1
3,484
—
Gov't
305
+
23
9,641
1,315
329
—
8,565
+
7
+
5,605
%
The condition statement of weekly reporting member
banks of the Federal Reserve System in 101 leading
cities
shows
the
following
principal
changes for the
week ended Nov. 13: An increase of $265,000,000 in loans
and a decrease of $341,000,000 in holdings of United
States Government obligations.
Commercial, industrial, and agricultural loans in¬
creased $69,000,000 in New York City, $24,000,000 in the
Chicago District, $22,000,000 each in the Cleveland and
San Francisco Districts, and $183,000,000 at all reporting
—
+
219
186
17
5
member banks.
chasing
or
Loans to brokers and dealers for pur¬
carrying United
States
Government
ities increased $83,000,000 in New York
secur¬
•
Holdings of Treasury certificates of in¬
debtedness and of Treasury notes declined $208,000,000
are:
Company
(guar.)
Special
Bearfhg Co.—
15c
—^
—
—.mm mm mm mm
mm mm mm m-mm m. mm mmmm
mm-mmmrnlmm
5# preferred (quar.)
Agricultural Insurance Co.
Special
mmmi'mfi mitm
11-30
12-31
-
•IV
1-
12-2
12-28
2
$ 12-16
1- 2
>12-16:
$1.05
1- 2
>• 12-13-
t$2.50
$f
Alabama Power Co., 4.20%
preferred (quar.):
Steel Corp., Ltd., 5% pref. (quar.)*
Industries, Inc. (year-end) mm mA U. Mi «wWm>
Allied Mills, Inc.
(s-a)
—
Aluminum Goods Manufacturing Co. (irreg.)
12-12
256'
.
Algoma
Allen
ing tenders, and the page number gives the location Id
>12-2
12-15
$1.25
75e
-
)'4
imm mm mm mm-t m
'
12-16
12-16
15C
(quar.)
mmmmmmmmmm mmmm
k 12- 2
12-16
15C
25C
mm m.
convertible preferred (quar.)
j***
Aetna-Standard Engineering Co. (quar.)*—*
.!»••»••••
Holders
Payable of Rec.
Shan
5%
a
>
when
Per
Name 6}
list i>t corporate feohds, notes,
preferred and common stocks called for redemption,
including those called under sinking fund provisions
The date indicates the redemption 61 last date for mak¬
1-
1
11-30
11-29^
'
$1 >
'12-
40c
12-20
12-
25c
1-31
75c
£ i- 2
30d
.
EXtra
12-12
® 1- 2
2
5*
1-16*
"
thef details were given in the "Chronicle."
.»•
Amalgamated Leather, 6
American Baker 16s
-mim
notices
Company and Issue—
.«.
•
of
:
tender
t»aw
>
Fntfe
Rush Terminal Co., 1st mtge. bonds due 1960
Ngv 28
International Paper Co.—
1st and ref. mtge. 5% mtge.
bonds, ser. A & ser. B—Dec 2
1st mortgage
4W
bonds
duo
Suburban Electric Securities
1947———jr
'•
Class
-
2652
B:
•
American
PARTIAL
REDEMPTION::;-/'::.
~
,
Date
Anglo-Chilean Nitrate Corp., income 4ebs.« due 1967—.>Jan
Associated Electric
Associated
Co., 4V?.% bonds, due
Laundries of Illinois, Inc.—
(closed)
mortgage 6Vis
1953——
t
Dec 20
r
dVk
Pegs
/
•5
Cigarette
—
&
Cigar,
*
Cyanamid
/Special
12-16
12-20
,
12-20
>12-20
i2-3i :■
12-20
1-
1
12-20
12-
1
11-20
12-
1
11-20
~35c
12-16
12-16
12- 5
12-14
12-
12-31
12-16
50c
•
$1.25
$1.50
common
preferred (quar.)
American
•
2
$1.25
•
American Colortype Co.
(year-end)
Co., common (quar.)
Hi
5C
>
1-
12-31
-
$2.25
■
preferred (accum.)
20c prior preferred (quar.)—
*—
American Chain St Cable, common
(quar.>_
6%
preferred (quar.)^
12824
12-31v
25c
***——
convertible
12-31
25tf
:
—.—.***»*—
Extra•'
4%
*12-16
$1 >
25c
(quar.)——
preferred (s-a)_—i—
American Beverage Corp.—
•
/"
—
'12-10
25o
common
1%
Co., 2nd preferred stock—Nov 30
Company atad Issue—
<quar.)
pfd. (quar.)
•Extra
2404
-An* *im«
Co.
conv;
Extra
American Bemberg,
2410
Philadelphia Transportation Co.—
Consolidated Mtge. 3%-6%
bonds, ser. A, due 2039— Dec 13
St. Joseph & Grand Island Ry.—
y
1st
162.
grouped in two separate tables.
The dividends announced this week
City and $88,-
000,000 at all reporting member banks.
Holdings, oi Treasury bills increaspd $2(5,00'* O^ft in the
Kansas City District and $46,000,000 at all reporting
member banks.
Belotc will ber found
"
§In Vol.
declared V
accounts,
during' Week--—.L—
14,967
6 figures revised (Boston District).
which
16L
dividend payments in many cases are given
the company name in our "General Corporation
and Investment News Department" in the week when
Notices
Condition Statement of Member Banks
tin Vol.
under
Redemption Calls and Sinking Fund
indus¬
issue,
ord of past
071
—
+ 265
—
1,038
+
—4,443
0.6%
6,324
1638
we
Common
+
2450
Then we follow with a second table in
show the dividends previously announced, but
which have not yet been paid. Further details afid rec¬
cor-
—
are
Aetna Ball & Roller
6,324
2591
J2490
In the
bring together all the dividends announced the
we
which
bills
—
2325
*
196
+
♦Nov.
43.1%
2057
current week.
adjusted—,
deposits
interbank
12822
DIVIDENDS
167
—
+ 118
_
—264,272
mortgage
+1,749
15
10,278
Banks-
banks
Foreign banks---!
Borrowings
Debits to demarid deposit accounts except
45,608
L354
1726
i,742
3,401
Domestic
;
2550
1
1,031
4,331
———
-
0. S. Government deposits
Interbank deposits:
130,202
+
+
+
.+
+
-
2549
atOcfc^—^^^Dec'vfi
VaS, ser. A, due 1998~Jan
(Including guaranteed
Demand deposits
Time
Capital Accounts—,
paid in
:
Surplus (Section 7>'_
Surplus (Section 13b>
Other capital accounts
Capital
•1724
15
30
*
583
Liabilities-
865,497
2
Dec
Nov
gold debenture bonds, series A, due 2022—.July 1 '47
Toronto, Hamilton & Buffalo Ry.—
Consolidated mtge. 4'/2% bonds, series A, due 1966—Feb
1
Trane Co., 6%
preferred stock
—.Dec
1
United States Finishing Co., $6 prior
preferred stock—tdDeo 31
18
14
20
+
-
2,137
——
Balances with domestic banks
1
2 849
6%
3
'id
Tots.1
1
Dec
i
•
2287
Rennsylvaniw Sugar Co., 8^ preferred stock, par $10—J[>eo Si^?
Railway Express Agency; Inc.—
<
\
.-i.
Serial notes, series; A/ due 194f-id48^.^aWM^«A^JDieo.' 1
Standard Brands, Inc., $4.50 preferred stock.-.*——___Dec
6
328
—
8
405
securities
in
5
1,493
Reserve with Federal Reserve
Cash
stock
12-14
11-29
25c
—
50c
—
12-
5
2
'
1-
2
12-
2
12-28
12-
2
12-
2
■
S%
——
Dec
1
2402
preferred (qua*.)—
American Export Lines, Inc.
•
f
,
Texas Power St Light Co.—
———■
obligations)
Other
45,747
505,233
88
415
securities
loans--—
bonds
+3,401
pur¬
Treasury certificates of indebtedness
Treasury notes-.*--——--i—-
306,103
2,770
—3,564
+1830
*
Treasury bills
223,294
26,203
—128,108
17,751,930
2,195,994
14,087
other
Other
161,094
+
—
424,791
——————-a——i——
Total
for
securities
Loans to banks—
312,017
+
61
,
Real estate loans
Deposits:
Member
dealers
preferred
x
Elevators Ltd.-^
(leasehold) bonds, series A_——__Jan
1
Northern New Ytirk Utilities, Inc.-^
1st lien St ref. 6% bonds, series
B; due 1947
Any time
Northwestern Utilities, Ltd.-*
1st mortgage 4s,, series A, dtw 1968
JDed 18
1st
1945
265
+
Other loans for purchasing or carrying:
U. S. Government obligations^
*
4
Liabilities—
and
...
Other
Total
—
16,521
chasing or carrying:'
TT. 6; Government obligations-
Corp.,
Hope Bridge Corp., 1st mtge. 5s, due 1969
Line, Inc., class B preferred stock—
1722
North American
Nov. 14,
1946
10,029
610,676
—
-
Nov. 6,
Commercial, Industrial, and agricultural
17*717
+
—132,215
32,607
52,352
-——
Other assets
57.548
Loans—total
8
+
24,734
investments—total—
and
13,
1946
Assets—.
Properties, Inc., debs, "due'1^58—t?eO
Nebraska* power Co., 7% preferred
Norfolk Southern Ry., 1st mtge'. 4
(+) or; >
Decrease (—) Since
123,048
—
+
Merchants' National
Increase
Loans
and
loans
Total
Due from foreign
$265,000,000.
Mount
179,322
2546
,
Munson
224,002
—
-#
;
> 2543
International! Paper^ Co.-^»
1st and refunding mortgage 5s due
1947——.
Any time
International Telephone & Telegraph Corp^— ,
4V6% debenture, bonds, .due 1952—
—Jfuiy X
(In millions of dollars)
276,949
2285
Wfa.&n, mtge. gold bonds» series 4 due 1977——July 1,'47
■■
of the assets and liabilities of reporting
Nov.
U.
Total
was
—1,157,950
Notes
Bonds
reporting member banks
2284
,
1,838,223
7,263,512
—
2540
—
member banks follows:
V. S. Govt, securities:'
Certificates
at all
A summary
.;Jr432
2539
2405
1
,
Demand
R.
F.
notes
Total
Other
1946
17,514,427
fund
Redemption
NOV.
13,
52142
1
4
Consolidated Paper Co., Ltd,—
;
"'
1st mortgage 5,/a% bonds or debenture
stock—-—Jan
2
Crucible Steei Co. of America. 314%
debs., due 1955—Deo 20
Dierks Investment Co.. 1st
mortgage 6s
—Deo
1
Dominion-Scottish Investments, Ltd.—
1st collateral trust 4%
bonds, series A and series B__Jan
1
El Paso Electric
Co., 1st mtge. 3V4s, .ser. A, due 1970—Dec 12
Great Northern Ry.—
'
;
*
Inc. (+) or Dec. (—) Since
Oom certificates
& Co., Inc., class A $2
conv, preferred stock
Dec
States Electric Co., 1st mtge. 4s, due 1964
Dec
Chamnion Shoe Machinery Co., 1st
mtge. 4s, due l948__Jan
Central
ber banks.
thousands of dollars)
(In
Carman
2539
12&c
1-
2
30c
1-
2
12- 2
-
THE COMMERCIAL & FINANCXALV CHRONICLE
2728
.
I' /
Name of Company
.
Fork
American
& Hoe,
preferred
4%%
(quar.)—.
(quar.)
Hardware
American
Sftare
fl l2|/a
*
„I
-'
4li% pfd. (quar.)..
r,,
«—
•
12-31
1-15
12-
3
12-10
1- 2
(accum.)—_«
—
$1.50
American States Insurance (Indianapolis)—
Quarterly
«______30c
American Sugar Refining, 7% pfd, (quar.)$1.75
American Sumatra Tobacco (quar,)--—$1
American Surety Co. (s-a)
$1.25
•American Telephone & Telegraph Co. (quar.)
$2*25
preferred
1- 2
1- 2
12- 5
12-13
12- 2
•
Oil
Ashland
Common
(year-end)
Corp.
Angostura-Wupperman
Arkansas-Missouri
:
Power
Point
West
&
•Atlanta
Extra
i
B.
(W.
H.)
Extra
■» m
Cre'ek
•
Beech
•
Belknap
t Berghoff
iy.tr rtr+
12-
6
2
11-29
Boston
Ground Rent Trust Co.
12-
12-
Water Service Co.
2
11-16
Federal
12- 2
11-16
Felin
1- 2
12-14
12-14
11-29
Firemen's
11-25
Crushed
Canada
(quar.)
Stone
—
Permanent Mortgage Corp.
Canada
Ltd.,
Cottons,
Canadian
■%< 6%
preferred (quar,)—
~K Canadian Food Products—
12- 2
(increased)
$1 convertible class A (quar.)..
Products, class A
Canadian Silk
(quar.)—
new common (initial).
I Carthage Mills, Inc.,
\
6% preferred A (quar.)
6%
preferred B;(quar.)_.
Case (J. I.) Co., common—.
7%
preferred (quar.)-1
Central Bag & Burlap (quar.)
Capital City Products (quar.)
11-30
12-16
11-29
12-
11-20
1
11-25
11-29
Market
12-
11-27
$1
4»/2%
Industries
Frontier
$3
1
12-
2
12-20.
12-
2
12-14
12-
2
1*2
12*
2
1-
1
11-30
(quar.).
12-10
1
1
11-30
1
11-30
25C
12-14
12-
12-14
12-
11-30
25c
12-21
12-
2
75c
12-21
12-
2
50c
12-13
11-26
1- 2
12-13
——
60c
40c
1-2
Machine
—.
25c
12- 2
Extra————*
.'J-.
.
Catalin -; Corporation
(quar.)
Central Foundry Si Machine, common
5% convertible preferred (quar.)
Central Steel * Wire, 6%
Pfd. (quar,)—
.
——
Vermont Public
Central
4.15%
Service,
common—
(quar.)————
Charleston Transit, 6% preferred (quar.)—
Chasers, Inc.
(quar.)
—
preferred
Extra
Ohio
&
Extra
2
12-31
Hill
RR.
Co.
12-12
Chicago Towel Co., common—
7%
preference
(quar.)
Securities Co., com.
1% ' preferred - (que r.) ....
Inc.,
Company,
4V«%
Ice
Co.,
Common
y
-
4%
12-20
11-29
12- 4
11-20
■
Extra
2
11-25
Hearn
1- 2
12-20
Hein-Werner
11-30
11-30
12- 6
11-29
53VaC
12-12
11-29
$1.75
$1.50
1
12-20
1- 1
12-20
./
Paper
Co.
;$I^.
$1
——
(quar,)——.—
12Vic
25c
12-14
1-
Homestake
Horner
12-14
fl
«
12-14
1-
12-14
*>11-20
12
'
1
-
$1
11-25
1-2
1- 2
12-20
60c
12-23
12-
Co.,
common
Petroleum
20c
12-16
11-20
50c
1- 2
12-20
20c
12-10
12-
12-10
12- 1
-
_
•
62Vic
12-14
International
•-
11-30
$1
12-16
12- 2
A
12-17
1212-
12-31
12-
12-20
50C
12-13
12-
11-15
1- 2
12-10
'Extra
$1
Crucible Steel Co. of America¬
2
$50c
12-31
12-31
1* 2
12-18
2V2C
'•"•I*' 2
Powders,
preferred
12-18
$20c
4fr.l<fl5
12-14
9*15
12-14
Products
$37 Vic
convertible
preferred (quar.)——--Cuban Tobacco Co., 5% pfd.
(accum.)
$1.25
12-13
Salt
Co.__
$1
Hammer,
Inc.
Chemical
(year-end)
12-20
12-
6
12-13
12-
2
...
(quar.)
25c
Fund, Inc.
(quar.)
Detroit Si Canada Tunnel Corp.
Devoe
& Raynolds Co.,
(irreg.)
Inc., class A
30c
Oil
Co,- (quar.)
-
4
Alkali
Stores
',.
•
»
4
•
t
»
-
»
Co.
t
f
*
*
*
(quar.)
»•«#•
«•
••
* *
*
*
*
*..
*>*<*
''
»
-
*
f
,
]
Corp.. (quar.)
*
11-29
j5C
1-
2
1- 2
11-29
%''"t
12-14'
11-30
25c
12-44
11-30
50c
12-10
11-26
12-16
9
City Power & Light,
preferred B (quar.)
v
11-
4-15
$1.37 Vi
1-1
City Public Service,
preferred (s-a),
(quar.)..
a
;
,
1-
1
1-
1
6%
non-cum.
preferred
preferred A (s-a)
6%
non-cum.
C
Kellogg
preferred B
12-
(s-a)
'
Company
25c
25c
7
1
11-23
6
;jVvV"A*; Ajjryit
.
:i
m
m
*4*
:
;'j»
'*
v»
*
11-30
12-
11-21
12-20
1
12-
2
1- 2
12-1*
1- 2
12-16
12-16
11-29
11-29
11-22
12- 2
11-31
12- 2
11-31
12-16
12-
$1.50
$1.75
12-16
11-39
12-16
11-30
12-31
12-10
2
Co.—
4c
Co.
Co.
11-27
12-20
12- 2
1- 2
12-13
40c
12- 2
11-15
93%c
(s-a)
12-22
50c
$2.50
(year-end)
Co.
1- 2
12-16
12-16
11-25
15c
12-16
12- 5
$6.35
12-20
11-39
$5.82
12-20
11-39
2- 1
Investment—
>
11
...
(year-end).
75c
75c
(quar.)*..
$1
Y$10c
...
12-31
12-29
.,12-31
:12-2
'12-20
12-23
11-29
11-20
$1.25
12- 2
$7.50
(s-a)
12-10
11-30
933/4c
$1.50
I- 1
1-2
12-1*
10c
'
12-15
11-39
50c
common
common
10c
'11-30
.•*- «■
Ji$.
2-15
11-29
11-29
11-39
-
1-3
12-12
11-39
11-25
..
50c,
*
1-15
12-27
12-20
12-10
15c
$1
,
(s-a)
11-29
12-2
.
$1.50
*_._.*!*—
preferred
1-15
2-15
12* 2
,12-2
;■
...
.
lO^
1- 2
v
12-16
l- 2
? $2v;vl2*"2*
40c -11-23
$2.50
11-23
$2.50.12-14
Page Hershey Tubes, Ltd, (guar.),$31%e
...
11-20
12-16
50c
preferred
(quar.)
Sugar Plantation
Extra
11-39
12-10
37V2c
-
(quar.)
(increased quar.)
Corporation (year-end)
Pacolet
Manufacturing Co. (quar.)
11-39
12-15
12-31
• 1- 2
^
50c
$1.10
,
.
12-20
v,;'-loo-12-15:
——_—^—.-.a:—-
American
11-20
Inc.—
(quar.) "
Co.,
•*'■ v
(Wisconsin)—
Co.; common (quar.)..
*...*iyrr...!.^*.......^^w...
■
1-20
$3.75
15c
(resumed)
Angeles)—r
'$%
12"15m
12-16
50c
convertible preferred
Extra
11-23
1- 3
1- 2
12-14
50c
Quarterly
-V
*
-
11-18
12-30
40c
*
(year-end)
11-23
12-
.
2
1-10
1
1-15
$1.75
$1.50
Co
Pacific Indemnity Co, (Los
4
12- 2
12-
50c
Fisheries
Pacific
11-23
2
12-
$4
>r>.$3v
$3
....
1
40c
Packer
*.»
6,j»
6%
Paahau
Kansas Oklahoma & Gulf Ry Co.—
■V"*6%
11-29
2-
Castings—
(quar.)
preferred (quar.)
Telegraph Co.
Extra
12-14
12-
12-16
25c
Electric Corp., common (quar.)
preferred (quar.)
Hudson Power, $5 pfd. (accum.)
Share Corp. (Maryland), class B__
Edison
$1.50
12-14
1- 1
$1.75
11-15
11-30
$1.50
Brake
Otis Elevator Co.,
4
30c
„
8-15
9- 1
12- 1
12-12
preferred " (quar.)
Olin
Industries,
Inc.
(quar.)..
15c
Ontario Steel Products, common (quar.)...
$25c
7%
preferred
(quar.)..*
—„
$$1.75
Oshkosh B'Gosh, Inc., common (quar.)10c
9
*$1.50
common
5-15
62V2c
•4.40%
2- 9
12-
1
18c
Confection
Ohio
11-30
11-15
50
com.
Air
Extra
11-30
12-14
12-14
:
11-29
25c
*>•?*.> *'-v# .'*•*
t"»•*#' ih-*- V* nt'var
*.
5%
$1
'
3
6-
15c
Co.
Mining
Preferred
2*
5c
$1.50
-
•Kansas
11-29
12Vic
__
:
i
Diana
11-29
1- 2
H':v-.20c-
Extra
Diamond
1- 2
40C
..
" i:;:.Z
(quar.)
Year-end
Devonian
12-16
Ohio
11-30
-12-10
2
2-15
50c
preferred (quar.)
Greyhound Lines,
(year-end)
$3.75
II-15
$1.25
12-
3- 1
$1.75
Co
Northwestern
J2-16
23c->nfll-26
—
Kansas
$6
(quar.)
_
B
12-2
1- 2
W.
Battery (quar.).-.
Quarterly —a——**——
12-9
12-14
75c
Year-end
Class
12-31
25c
Delaware
K.
12-
"4^17
$35c5ttn 1-15
11-30
12-
$1.75
Common
12-19
Selective
1- 2
12-12
12-20
(Hartford) —
& Harlem RR.
American
5%
12-19
25c
(quar.)
Foundation, common (interim).
Fund, Inc. (year-end)..
Johns-Manville
Corp. (year-end)
Joslyn Manufacturing & Supply, common..
6%
preferred (quar.)
' ■ : ■ -
11-29
$5
60c
-
Cutler
Davison
1
2
12-16
$1.75
Co.
Northland
Ltd., com.
(quar.)
12-
1- 1
50c
Company
Northern States Power
Ltd.—
:
11-30
12- 9
25c
*
Northeastern Water, $4 preferred
Northern Empire Mines (interim)
,
11-30
10c
11-30
12-20
Consoli¬
(quar.)
preferred
(accum.)....
preferred (accum.)
North American Rayon, class A
Class B
(year-end)
11-30
$$1.25
12-20
1- 2
20c
5V2%
12-12
12-
11-29
1- 2
62V2c
6%
11-11
1- 2
20c
...
s'
12-10
■
Investors
North
11-25
12-20
12-27
50c
Niles-Bement-Pond
12-17
12-10
12-23
12- 2
50c
__
Niagara
12-14
1
12-28
15c
$1.25
Cellucottcn
Niagara
.
50c
preferred (quar.)
Certificates, Inc. (Md.) (s-a)
Bronze
1-
t$l-
Investment
prior preferred
York
3%%
11-30
V
12-16
2
1-15
$2
Steam
Park
Newport
11-30
75c
1-
12-16
20c
Power
New
2
$12V2C
12-16
$1.50
(s-a)__
Transit
New York
12-10
-
11-30
1- 2
25c
Co.
Steel
&
Radiator
New
5
40C
12-16
6
75c
Quarterly-!*.....
5
5%
11-30
37V2c
Sugar Refining
5
12-17
(quar.)
participating
International
11-29
: 30c
Manufacturing Co.—
(quar.)———-
12-27
—
International
preferred (accum.)
Creole Petroleum Corp. (year-end)
11-23
Statler
Extra
Corp.—
convertible
2
50c
convertible
6%
11-30
12-
„*._.
Insuranceshares
1
11-30
12-10
25C
Mining Co.—
Inc.
(year-end)
preferred
5%
12- 2
12- 2
62 Vic
(s-a)-——u——
Copperweld*Steel, common (quar.)
5% convertible preferred (quar.)
12-16
$1
12-16
20c
prior lien preferred (accum.)
$7 prior lien preferred (accum.)
New England Telephone & Telegraph
12-10
32c
12-
12-16
Street
$6
12-10
25c
Industrial Acceptance Corp.,
Common (year-end) _*
2
$1.25
(year-end).
preferred
5%
12-20
12-20
25c
Ltd. (quar.)..
1
Co., new common (initial)
Huron & Erie Mortgage (quar.)
Houston Oil Co. (Texas)
(initial)
vHutchinson; Sugar plantation (quar.)—
Hygrade Food Products (year-end) —
Indianapolis Water Co., common (quar.)
12-20
$1.25
—
11-18
$1
12- 6
1- 2
New England Public Service—
12-10
12-20
50c
$3.50
(Frank W.),
Hotels
12
12Vic
Bay Lumber
Overall
yt-1*
(year-end)——
Oil
6%
.
Corp.*
*|i
dividend
Stock
12-13
12-15
'
Horder's,
i.-90c
$1.12Va
Steel
Crown
12-16
11-29
12-11
12-11
5c
Company (increased s-a).
Cotton (year-end)
Co., 7% preferred (quar.).
6%
preferred
(quar.)
Neptune Meter Co. (initial)
12-13*
12-31
V
20c
(quar.)
Oats
Nebraska
*•
85c
Naumkeag
11-15
12-27
—
Extra
Power,
-
Parts,
preferred (s-a)
.L*.*4-**a
Hewitt-Robbins,
Inc. 1 (quar;)4--AJ—
Heywood-Wakefield Co., common-<year-end)
5% preferred B (quar.)_'_:*i;_!_.
Hibbard Spencer Bartlett (year-end)
Hollander (A.) & Sons, Inc;(quar.)
11-22
(quar.) —
—
(Del.) (increased) ———
Corp. (quar.)
;
preferred
5%
1
1- 2
11-25
11-30
10c
National
I-15
11-15
12-16
50c
Inc.
12-31
25c
National
11-21
1
2-
12-18
12-18
$1.75
Register
National-Standard
2
11-25
12-26
12-31
25c
Year-end
11-29
2
62V2c
(quar.)
Malleable
National
:
Motor
Inc.
National
12-10
(extra)
Stores,
Extra
11-22
12-
a
Glass
Department
1%
11-22
& Machine, common—
Continental
Cosden
12- 1
$1
(quar.)-
Rendering
Continental
S%
12- 1
-j-—**__>l25c-
Continental Foundry
Coos
1-
25c
.
-
12-10
12-20
12-18
■
(quar.)
Fire Insurance
2
15c
12-19*
75c
Quarterly
2
25c
12-30
12-26
$30c
Fifth
(quar.)
Heat & Power Co.,
National
1-
HV2C
12-
«8c
j..
Company
National
1-
12-
12-16
25c
*
Cash
$50c
12-16
(Formerly
preferred
$30c
Hershey Creamery Co., common*.!,
12-11
12-11
Extra
HazelrAtlas
4%
12-18
12-16
12-10
62VzC
(increased)
preferred
2
$1
12-20
12-20
$25c
1-
15c
12-20
1
25c
J.)
Light
-
?
75c
Products
$1.25
—
1-
quar.).
National
4
75C
2
12-
12-16
-
Si
12-
12-5
1-1'
(quar.)
...
(D.
Namm's,
11-29
12-14
12-15,
20c
National Alfalfa Dehydrating & Milling Co.—
Common (initial)
11-30
12-20
30c
50C
12-
12-16
.
Light
12-26
75c
65c
13-16
—yy
(quar.)
9
11-30
Tap
$2
$1.75
30c
Gas Utilities
—
11-29
12-
12-26
Co.,
$43.30
$1.75
$1.50
$1.25
40c
-
—
Gas Electric
Consolidated
S%
1-
12-31
$7
9
$75c
12-11
11-30
15c
Co.
"(increased
(increased
Muskogee
5
12-
$75c
preferred (quar.).
Inc. (year-end)
& Die
Guantanamo Sugar Co., $5 pfd.
(quar.)
Hahn Brass Co., Ltd., common (initial)
$1 participating preference (s-a)
Hale Brothers Stores, Inc. (year-end)
Harbor Plywood
Corp. (year-end).
Harrisburg Railway Co..
Hartford Electric Light Co.*
Haverty Furniture Cos. (quar.).
12-14
12-
12-31
2nd
Grinnell
12-14
12-31
12-20
(quar.)
Baltimore, common (quar.)
4%%
preferred (quar.)
4% preferred C (quar.)
Consolidated
12-31
6%
12-16
$$1.75
B
Greenfield
11-20
50c
Publications
Consolidated
2
60c
(year-end)—
.
Consolidated
12-
50c
(quar.)
Nast
12-14
6
-
$7
preferred
11-30
1- 2
6
(year-end)
com.
com.
Extra-
Conde
12-10
12-16
12-
—
(quar.)
Commonwealth Title Co. (Phila.)—
•v
12-20
12-
________
preferred B
$6
12-20
2
(year-end)—
(quar.)
preferred
preferred
fatfonial
12-20
12-26
(quar.)—
—
.
Cleveland Graphite Bronze,
S%
preferred (quar.)
2
1-2
1-
10c
$$1.75
Ltd.—
preference accumulated
Great Lakes Power, Ltd., $7 pfd. (quar.)..
Great West Saddlery, 6% 1st pfd. (quar.)_.
class
5
50c
(reduced quar.)—
Christiana
Coleman
12-
12-21
Corp. (year-end)
Manufacturing Corp., class B
$7
preferred
(quar.)
$7 preferred
(quar.)
$7 preferred (quar.)
12-12
12-31
12-20
"
'
dated
12-12
$1
preferred (quar.)
Grand Rapids Varnish
Great Lakes Paper Co.,
12-16
Mullins
12-10
$1
a
$5
12-20
75c
Extra,
Chestnut
'
12-
1-2
12-20
,.
(quar.)
______
Chesebrough Manufacturing, Cons,
"
12-12
Extra
6
-
Railway
—
12-
;;
—;—■
Chesapeake
12-16
5c
——
'
12-12
1-2
15c
25c
$1'
10c
12Vic
$1.25
75c
27c
$1.03
$1.50
5c
2
$1.25
'
$1.75
1-
2
12-31
Corp
preferred
Motor
12-14
12-31
62VaC
12-10
25c
common
Montreal
2
2
A
B
5%
12-14
12-
1-
$1.50
Stock
&
2
12-12
12-
12-30
25c
Birmingham RR., 4% pfd.
Mohawk Rubber Co. (extra)
Mojud Hosiery Co., Inc., common
12-14
2
1-
$1.50
12-12
-
common
Mobile Si
12-19
2
1-
$1.25
Co
Telegraph (quar.)
Goldblatt Brothers, $2.50 preferred (quar.).
Goodrich (B. F.) Company, common
Gold
1-
$1.75
12-6
$$1.25
Ltd.—
5% preferred
(s-a)___
Minneapolis Brewing Co. (year-end).
Mission Corp. (year-end)..
Mississippi Power Co., $6 pfd. (quar;).
11-15
12-
12-16
Ltd.—
Extra
2
75c
11-30
11-30
37V4c
Machine
Stores)
11-30
Gisholt
12-13
11-30'
12-16
12-16
20c
—
Milliron's
2
683/4C
2
12-21
1- 2
1-
$$1.38
12-21
11-15
$1.50
12-14
15c
quar.)
Company*..
Mid-West Refineries, Inc., common
$1.50 convertible preferred
(quar.)
11-30
1-
12-21
1- 2
i—
Class
Class
Mesta
11-30
1
1-
5%
General
2
1-
$10c
$$1.25
IV2C
11-22
12-
11-30*"
(quar.)
Distillers, Ltd.—
6%
participating preferred (s-a)
Merchants Refrigerating Co.—
11-27
—
Fireproofing Co., • common
7%
preferred (quar.)
Georgia Power Co., $5 preferred (quar.)
$6 preferred
(quar.)
1- 2
12-14
$3.50 convertible preferred
12-18
Extra
1- 2
15c
12-28
Melchers
12-16
1-10
Cigar
General
11-30
12-11
$1
(Los Angeles),
A
(quar.)
Asphalt
12-14
1- 2
dividend
Stock
1- 2
12-11
12-21
;
Export Co.,
(Glenn L.)
Extra
12-14
$1.50
$23c
non-cum.
2
12-27
(year-end)
preferred (quar.)—
5Vi%
preferred
(quar.)
Gaylord Container Corp., common (quar.)..,
5Va% preferred (quar.)..*General American Corp. (quar.)
General Box Company
(quar.)—
12- 2
11-30
12-21
Corporation, $2.50 pfd. (quar.)
McCrory Stores Corp., common (quar.)
11-30
75c
5%
2
12-
1- 2
12-18
1-15
McCord
11-30
12-14
12 Vac
common
Basket
Martin
11-30
12-30
28 Vic
(quar.)..
(initial)
Extra
12-10
12-14
$1.25
(year-end)
convertible, preferred
R.)
Mastic
10c
2
11-20
-87V2C
.
$l0c
(H.
preferred
"
Common
10-16
s
12-20
12-15
62 Vic
12;
2
11-20
Increased
5
12-
2
12-10
12- 2
1
Drilling
75C
MacMillan
5
1
42*16
30c
Magor Car Corporation
Mangel Stores Corp
5%
preferred
Gatineau Power Co., common
12-16
&
11-19
(quar.)
11-26
12-16
Oil
2
12-
11-29
1-
37 Vih
(year-end)
Trucks
12-
12-
12-
12-10
$1.75
$1.75
11-30
12-16
10c
Company
7
12-20
i
25c-
MacKinnon Structural Steel Co.,
5%
preferred
(quar.)
12-16
il-29
"1-2
50c
(increased s-a)
Mackinnie
25c
12-10
t:
Mortgage Co.
25c
—
11-27
12-14
60c
(quar.)
2
2
11-27
12-13
440c
(quar.)
Exploration
*7
12-
12-13
&
10c
Land &
11-30
12-21
12-17-
..50c
f 50c
Corp.
12-
25c
11-25
35c /
Co
Cement
12-
5
12-17
12-14
12-20
75c
Star
12-16
$1.50
2
1- 2
75c
12-21
(quar.)
Fruit of the Loom, Inc.,
.
12-
1
1-
40c
Extra
3
2-
$1
(quar.)
(initial s-a)
Products
Mack
12-12
75C
Corp.
11-20
12-20
$2 V2C
50c
Leather
C.)
30C
11-30
11-21
11-30
.*«...*—
12-21
Gas
Stores, common
dividend
Stock
11-29
12-13
(A.
Fink
25c
$2.50 preferred
(quar.)
Fort Wayne Corrugated Paper Co.—
11-29
12-16
12-12
11-30
(interim)
$20c
& Company (year-end)
Corp
Fund Indemnity
(San Fran.)
Fair
Food
1- 2
$37V2c
$2
$1
(quar.)—
Telegraph
&
Telephone
11-20
1-
$18%C
$25c
>'.j Common
Carolina
11-20
12-10
12-
12-12
12-14
(quar.)
Lunkenheimer
15c
1- 2
1- 2
Year-end
Ltd.—
11-30
12-14
Bleachery & Die Works
Louisiana
Y.)
N.
(Syracuse
Co.
11-30
12-14
lV2c
Extra
15c
&
Water
Power
$30e
—*——
11-30
Quarterly
Florida
.
$45c
(quar.)(quar.)--
common
11-13
11-30
Mines
Louisville Title
(John J.)
Ferro
Enamel
50c
tlOcfe
$$2'
(quar.)
12-10
Corp. ("initial)
Federal Compress & Warehouse
Federal Mining & Smelting—
12- 2
■>
California
80C
------
11-25
12-14
'
$1.12Vi
(quar.)
Year-end
11-29
12- 2
25c
(quar.).—
Locomotive Firebox
11-30
$1
quar.
12-
(year-end)
40c
Briggs & Stratton Corp. (quar.)
25c
'■H 'Extra —-—————$1.25
Brooke (E. & G.) Iron Co. (quar.)——....
10c
Brooklyn Telegraph & Messenger Co. (quar.)
$1.25
Brunner Manufacturing Co, (year-end) _—
12 Vic
Buffalo Bolt Co. (quar.)——
12V2C
Cable Si Wireless (holding), Ltd.—
American deposit receipts for 5V2V0 pref._
52/sC
California Ink Co. (quar.)————
50c
California Pacific Utilities, com. (quar.)—
45c*
5%
preferred (quar.).
25c
12-14
11-25
50c
&
Lone
12-14
Metallurgical
Fansteel
2
(quar.)
common
$5c
Increased
5
12-31
5
12-21
1-2
$25c
12-13
2
12-
12-16
-
t
Buffet Corp. (quar.)
Players Canadian Corp.,
Famous
12-16
Corporation
Breeze
7
$1
Exchange
11-29
1-
$1
<
•
7
12-
11-30
12- 2
50c
...
'
Semi-annually
6
11-18
12-16
$2.25,
'
———-
(s-a)__
12-
50c
—
Ltd.—
—
Insurance
Excelsior
1
12-16
Extra
v'
12-
1- 2
12-
(increased quar.)
#
ducted
12-28
12- 2
Co.——
Albany RR.
&
12-16
12-23
12-23
11-30
$1.50
(quar.)
12-10
$1.50
prior pfd.
Levy Brothers, Ltd. (interim)
*
Lexington Telephone Co. (quar.)
Libbey-Owens-Ford Glass (year-end)..
Liggett & Myers Tobacco, 1% pfd. (quar.)__
LiUy-Tulip Cup Corp
Lincoln Stores, Inc., common (quar.)....
7% preferred.(quar.)........—
&
Pittsburgh RR., 7%
gtd. (quar.)
Pennsylvania tax of 7Vic has been de¬
11-29
12-14
50c
Boston
1
$1
15C
(quar.)
Erie
12-
$1
-—
-
(year-end)
& Phonograph
Co.
$2
10c
75c
Scrymser Co.—Manufacturing
Co
Boss
Radio
75c
•'Booth (F. E.)-Co., $3 preferred (accum.)
Borne
1- 2
12-14
$1-50
(extra)
Bond Investment Trust of America—
U Units of beneficial interest (s-a).
1-
'
12-16
-m
Coach
12-20
+5c
B
Extra"
Emerson
50c
IjBon Ami Co., class A (extra)
1
——
Emporium Capwell Co.——
English Electric Co. of Canada,
$2 non-cum. class A (quar.)
Lehn
12-10
1-
Gold
Special
■
12-10
2
50c
Watch .(quar.)
11-25
Erie
25c
Corp
2
17VaC
(quar.).
Alloys Corp.
11-25
6
25c
(interim)
Ltd,
Mines,
1-
1-
,V
''EXtrSfci" '
11-28
12-16.
12-10
'5
50c
Inc.
Company
Lawrence
5
2
$1.75
—
(accum.)
National
Elgin
12-
50C
50c
Brewing Corp.—
preferred
Electro Refractories Si
$1
J
12-
$1.50
(accum.)
•
25c
2
11-30
45c
(initial quar.)
1-
Lanett
5
12-17
12- 2
1-
12-
50c
$7 pfd.
12-28
50c
Extra
11-15
$6
11-27
2
12-
11-29
12-10
1-
12-15
5
12-
Lamaque
Lambert
12-20
12-14
Electric Power & Light,
11-29
5C
12-14
$6
11-30
12-21
(quar.)
Corp.,
preferred
12-14
25c
EI
11-29
V/2%
2
1-
$1-50
11-30
75c
$5c
25c
Koppitz-Melchers,
1-10
1- 2
(quar.)
preferred
ni-29
......
Kimberly-Clark
5
Paper, class A—
(year-end)
Dorado Oil Works
1
—
Manufacturing Co.—
&
Bohn Aluminum & Brass
ly Class
Eddy
12- 2
48c
$1.25
~Co.*>(quar.)
RR.
Hardware
River
-Berens
6%
11-27
11-20
12-
6%
11-20
12-21
4
(interim)..
Ltd.
Mines,
preferred
(accum.)
Keystone Steel Si Wire Co.
1-10
1-25
Co.,
1
> 1- 1
25c
i
—..........
Fibre
12-
$1.12 Vi
£
i
$6
11-25
12-16
"5c
$2.50
common
I2«10
.
.
Company
Bayuk Cigars, Inc., new com.
;*•£
11-27
5
Keyes
11-20
12-14
$1.12Vi
75c
Eastman
1
5
Gold
County Land Co.
Extra
12-16
12-
$Z-f5
4V2%
Co.,
2
Kern
25c
Extra
12- 9
12-
1-
$L12Vi
$1.25
Kodak
ih
Special
Kerr-Addfson
12-16
(quar.).
Corp
Copper
When
Holderg
Payable of Rec.
'Share
(quar.)
common
preferred
Extra
East
12- 2
12-12
9c
American shares (year-end)—
Bangor & Aroostook RR., 5% pfd. (quar.)—
•Bankers Trust Co. of N. Y.
(quar.)
2
prior preferred (quar.)
preferred (accum.)
—
Eastern Stainless Steel
12-10
$2
,
.Barber
11-30
12-
$1.12vz
de Los Andes—
Banco
,
11-25
12-31
25c
(year-end)—
common
12-
12-28
—
prior
12-12
12-28
$L12V2
preferred (quar.)—*--—.—-
Corporation,
D.
V.
(4%
?.-
75c
$1.12Vi
10c
1-
Common
50c
RR._—————
2
12-10
$1-54
(increased quar.)——
Inc.
B/G Foods,
5
12-10
$1-32
preferred (accum.) _——
1st preferred (accum.)-—
—
Associates Investment Co. (quar.)——
Atlanta Gas Light, 4We
preferred (quar.)
1st
$6
1212-
12-14
4UC
1%
2
12-16
Associated? Tefephone"& Telegraph—
j -•
1-15
12-16
6%
*1>0®'/4
30c
Extrfl-'
1
12- 5
15®
preferred (quar.)—
Spring (quar.)—
4y4%
11-23
12-16
50c
5
93%c
$4,50 preferred (quar.)
Mahony RR. Co. (s-a)
Eastern Gas & Fuel Associates—
12-16
Si
Associated
6
1-15
35c
...
—
Refining—
(increased quar.)
12-
12-10
(quar.) —$1
Inc.
Anheuser-Busch.
1- 2
12-
$$1.75
preferred
Dominion
12-16
4 Vi %
Kennecott
6
1- 2
Company,
_
Dresser
_
?:;vPer
Name of Company
Kendall
a
1-11
12-
(quar.)
Textile Co., Ltd. (quar.)*
Industries, 3preferred (quar.).
Driver-Harris Co. (year-end)
—
Dun & Bradstreet, 4Vi%
preferred (quar.).
Dunn Steel Products
duPont (E. I.) de Nemours & Co.—
Common
(year-end)
12- 4
$6
::
$1
$$1.25
7%
12- 4
1- 2
1
12-12
(Joseph)
Crucible (year-end)—
Dominion Textile Co., Ltd., com (quar.)—
11-29*"
50c
$1.25
2-
f$l,25;
(quar.)
11-25
12-16
$15c
Ltd., com. (quar.)
Dixon
6
11-29
12-14
preferred
5%
3-31
4-15
1-
Distillers Corp.-Seagrams,
Holders
Payable of Rec.
Share
of Company
Name
Payable of Rec.
25c
75c
—_______—_—
Steamship Co
American
Laundry Machinery
American Power Si Light, $5 pfd. (accum.).
Hawaiian
American
When
Holdert
When
..
Monday^ November 25, 194$
I* %
12-16
7
11-2S
11-16
11-16
12- 7
12-14
Extra
;
S3C:» W;.ll4. M
aT
•
■:
-V-
.Volume 164
Chemical
Penick
&
Co.
Ford,
(year-end)
414%
Pfizer
25c
$1.06)4-"-
Co.,
3%%
preferred
Pittsburgh
Pittsburgh
Pittsburgh
Pittsburgh
Pittsburgh
Brewing,
$3.50
Porgings
pfd.
Coal
;
(year-end)
7%
1-1
12-14
Ltd.
Preston
Co.
East
(quar.)__
.
.
Co.
of
Company,
5%
Peeves
12-31
12-16
12- 2
11-18
12-14
11-26
12-14
11-26
11-21
Warner
1-15
12-14
1-
12-
Washington Water Power,
$6
preferred (quar.)
$2.50
12-
2
'
9
7
$1
12-16
11-29
12-16
$4.50
$1.25
11-25
11-25
Wisconsin Electric Power
12-13
Croix. Paper
Co.
12-
8
12-
3
1- 2
1- 2
1-10
12-15
Woodall
6%
1st
7%
7%
12-10
12-
1- 2
12-
12-24
12-
2
37 Vic
12-10
11-25
10c
1- 2
12-20
2%
12-18
$1
12-16
12-
12-15
preferred
York
Manufacturing
Pacific
Southern
Corp.,
Extra
22c
10c
12-16
11-25
12-16
11-25
Co.
11-21
1- 2
Co.
Kansas
of
(s-a)
11-23
11-23
12-
12-20
12-10
12-20
12-10
1
12-12
1212-
12-15
12-15
12-
1
11-15
12-16
*
12-
2
12-16
12-
2
1-
-
12-10
30C
12-10
t2c
12-
(interim)
12-20
.
12-
12-20
2
2
1212-
Corp.
Co.
RR.
Co.
Union Wire Rope
United; Aircraft
6
2-
1
50c
$$l
__
12-
11-30
>
12-20
Gas
of
B
&
Electric,
Fruit
Growers
Hide
preferred
(initial monthly)
Ice Co.,
common
'
,
,
____P
'
.'(qtmr.)____P____PP',
w—i-i—-fr
12-16
t2- 2
12-16
12-
30c
12-10
11-30
;
12-10
Machine
2
11-30
11-15
11-30
11- 3
12-~2
11-15
12- 2
1-2-47
12-16
6%
preferred
American
Meter
■."<
_____
i
Common
Class
A
(annual)______—_____
(annual)
American smelting & Rciiningl
$3
preferred
12- 2
11-16
12-14
11-21
12-16
12-20
12-
11-30
12-28
11-22
10c
$1.75
50c
12- 1
12-16
50c
12-19
$1.73
1- 2
$3,
1-2
$3
1- 2
50c .11-30
6
,
11-19
11-29
Hosiery
(irreg.)
(quar.)
Co.
of
12- 1
1-1-47
1
11-15"
lv.jfr
12-21
12-18
12-20
12-18
11-25
11-15
11-30-
11-15
Corp,
■
preferred
Hills
12-15
:
11-18
11-38
12-31
12-1T
12-
1
11-15
12-
-
i
1
11-15
12- 7
11-15
11-35
11-27
11-18
1- 3
12- 2
1250c
w 1$1
2
11-15
2
12- 5
12- 2
11-15
12-
2
11-18
1-
2
12-18
1-
2
12-18
12-1
u
' $15c
<
$25c
1214c
$1.0614
11-15
12-1
11-15
12-18
50c
•
11-15
2
■
30c
——
12-18
11- ♦
12-
$1.18%
11-28
f $3
> 1-31
50c
$1.25
$1.50
$1.75
12-2
11-20
12- 2
11-20
common—' C.50c
12- 2
common
—
(quar.)
(quar.)
& Light,
Power
■
:
—
——
2
11-15
1
11-28
11-15
12-16
12- *
12-
11-15
1
12-1
11-15 '
12-
1
11-28
12-
30c
Co.
12- 5
12- 2
$105
10c
?il5c.
—
11-1*
llflS ''l
12-
$1.50
"
(quar.)—
2
1-1«
12-
20c
——'
com.
2
1-
8V/?£
$1.50
(quar.)
(quar.)_
common
12-
$1.50
$1.25
preferred iquai:,):—.
Company,
11-15'
12-14
..50c
$25e
35c
-
Howell
Steel
1
12-
Canada,
1.
11-28
12-16
11-18
12-16
30c
12-2
12-16
11-18
?2
H
12-24
12-16
12- 2
11-12
.
,
8714c
$1-25
$1.50
$1-5°
&oc
Roller
Bearing,
$1.75
new
Boc
com.
30c
35c
•
-
/
62 40
50c
93%c
2
11-15
1- 2
12-11
1-
2
12-11
> 1-
2
12-10
12-2
11-28
12-30
.
-•
______
12-
20c
12-12
■!
11-25
11-15
1-2-47
11-15
12-20
12-3
1
11-28
12-
12-2
11-22
12-2
10-11
12-10
11-25
12-2
11-15
1-16
.
12-16
..Ka¬
il-is
„
deposit receipts for ordinary
registered (final) _———————
Brockway Motor Co
v
-
12-10
12-■»
11-15;
2 '•
..
12-10
11-
11-28
12-20
12-
10c
40c
Quarterly
-—I——-—*25c
British Celanese, Ltd.—
11-15
12-10
1
25C
(quar.)„
(initial)—
Bowser,
Inc.,
$1.20 preferred (quar.)
Boyertown Burial Casket (quar.)
Brazilian Traction Light & Power, Ltd. (s-a)
Brewing Corp of America (quar.) —
——
Bristol- Myers Corporation, com. (interim)—
33/4% participating preferred (quar.)—
British American Bank Note Co., Ltd.—
Bower
11-16
\
,r
preferred (quar.)
American Rolling Mill (increased)
American Seating Co
American Service Co., common
(annual)™
Co.
&
common
Special
12-31
50c
20c
30c
Borg-Warner Corp., common
314%
preferred (quar.)
Boston Elevated Railway (quar.)—
—
Boston Real Estate Trust
(year-end)——Boston Wharf Co.
(year-end)
—
Boston Woven Hose & Rubber Co. (quar.)—
11-29
$1.75
$6.25
____________—__
7% preferred (quar.)
American Public Service, 7% pfd. (accum.)
American Radiator & Standard Sanitary—
11-15
11-28
12-
,
12- 2
$1-50
(quar.)..
News,
$25c
,
Blue Ridge Corp.
*
$3 convertible preferred (quar.) (optional)
75c casb or it share of common stock
Blumenthal (Sidney)
& Co. (quar.)——
12- 2
12- 2
common
11-1511-15
1
12- 1
Company—
*
.
>
'
...
v
$2.25 Convertibles preferred (quar,)_—!
Bloch Brothers Tobacco, 6% pfd. (quar.)—_
$1.50
2
25c
Foundry,
2
12- 2
jo_27»
..
(quar.)——^
Year-end/—
11-14
12-
11-28
Bliss (E, W.)
11-15
11-15
&
Glove
Blaw-Knox
12-16
fquar.l—
1%
$1.25'
30c
prior
American
,
11-30
2
12- 3
Investment Co.
preferred
3.9%
11-30
>
_____
5%
2
l2ViCi
(initial)
Theatre Circuit—
Convertible
American
11-13
12-
11-15
12- 2
12-2
*
11-30
10c
preferred
(quar.)
Blackhawk Brewing Co.
(quar.)
11-29
12-15
12-16
12-16
12-ii-
12-10
12-18
com—
$4.20
11-15
1-2-47
12-10
* 1-15
$1.12Vi
50c
Black
4
3114c
20c
9714c
preferred
(quar.)„_—________—American Metal;;Co., Ltd^ commonr;_-_-i^a
___•.
12-30
-' 20o.. 1-7-47
50c
12- 2
————'
Packing
preferred
6%
11-20
11-38
12-18
-
(year-end)———
Co.
Inc;
preferred
11-20
preferred ' (s-a)—75c
(111.) (quar.)
15c
2
12-15
12-12
'
Works Corp,—__________________
Black-Olawson
.
12-
12-10
11-80
12- 2
11-15
1-2
•-i.-fi.-
Birmingham Gas Co.—
$3.50 prior preferred (quar.)
Birmingham Water Works, 6% pfd.
11-15
;
11-15
12-12
/V 1-2
A
Bird St Son, Inc., 5%
12-27
12- I
12- 1
12- I
$1.50
Seelig Manufacturing Co.,
11-16
11-22
12- 8
12-12
,
•
11-15
10c
50c
non-cum.
(quar.)
Blgelow-Sanford Carpet,
6% preferred, (quar.)
1
8
11-35
$2 >12-12
$2
$1
r>
414%
12-20
(resumed)__^
(quar.)—
common
Shoe Corp., 4%% pfd. (quar.).
Manufacturing Co.
(quar.)
&
11-
11-35
12-16
11-35
<quar.)__
Co., common (quar.)
preferred (quar.)—
Bendlx Home Appliance
(resumed)
Beneficial Corp., $6 preferred (s-a)
Berkshire Fine Spinning Associates, com.—
$5 conv. pfd. (quar.) —
—
Bell
12-10
1- 3
25c
50c
50c
Show,
pfd.
—
Bethlehem
12-
t
Steel, 7%
Extra
Ltd.,
11-30
1- 2
—>
12-23
25c
•
11- 8
2
12-16
11-15
Mills,
Belgium
11-30
75c
37 Vic
20c
12- 2
11-15
class
Belden
11-15
75c
American
(quar.)
,
12-11
12-11
12- 2
12-14
12-16
11- 8
12-
(quar.)_
Beck (A. S.)
11-21
12-16
(quar.)
prefprred—__—
American Insulator Corp of DC1.—
6%
12- 2
12-13
:."
Leather—
&
convertible
New common
>1-30
12-
2»c
50c
62140
2
1- 2
t
.
(quar.)
preferred
12-
12-24
$1.75
12J/2C
11-18
12- 2
12- 1
Beech-Nut
11-20
12-
11-35
2
5c
15c
$1.75
$1
Radio
Bond &
Beaunit
11-19
12-14
12- 2
11-4
12-14
12-
12-18
&
7%
$1.25
$50c
$1.50
(Initial).
12-23
11-22
f
Bathurst Power & Paper, Ltd., CI. A (quar.)
6%
1- 1
12-10
1-2-47
Bath Iron
11-7
12-14
12-12
1- 2
11-30
>4
8%c
Bastian-Blessing
*
'
'/:,:
(quar.)__
Corp, new com.
75c
30c
America
of
Co.
Refractories
Basle
11-22
35c
12-31
'50c
5
12-15
50c
50c
$5o
(quar.)
Barnsdall Oil Co. (quar.) '4mmmrnm 44.4mm■mrntm444ffifimtMtWt'l,
11-20
,12-10
12-10
1- 1
$1.18%
—
12-23
$1.50
U-21*
70c
87'Ac
$1 1
20c
12- 1
$1"* -12-14'
(quar.)_
common
(quar.)
12-10
(quar.)____
(year-end)-.™
11-15
68%c
30c
(quar.)
12- I'
12-27
11-21
,
Guaranty Co. of
11- 7
■
American
>41*30
i12-16
.
10-31'
1
25c
_V
(quar.)
Mortgage
$1.20
American Home Products—
5
ill-20
if
2
1-
11-30
America
Barlow
,
5*m
12- 5
cash
or
50c
__
12-10
1936
Hoe. ,common,_w^.rr..
preferred
convertible
6%
12- 5
„
12-
•:i 12-16
5614c
preferred (quar.)
.
of
series)
75c
Co.___
Fastner
.
11-14
9
11-29
12-10
12- I
12-<2
Telegraph
District
American
"11-12
1
11-15
11-15
12-12
—
Asphalt Corp. (year-end(
Barber-Ellis Go. of Canada, Ltd.-—
'
Increased quarterly
Barcalo
Manufacturing
Co.
(extra)—
11-30
12-
11-15
2
—L.—$1
preferred
Bankers
11-29
$$1.50
Light Corp.—
div.
iqudr.)_
________
preferred
(quar.).;
12-
12-12
12- 2
12-23
12- 5
$$2
_____________
com.
^United "Aircraft Products—
■
12-16
share
For* to
$2
11-29
12-10
12-27
2
12-
12-16
—
Barber
10-^0
$2.50 convertible preferred (quar,)__
$3 convertible preferred
(quar.)
11-29
12-16
(opt.
A
American General
'
12-20
12-16
a
American
6
12-
15c
_____
Film,
Corp.
12-
2
10c
prior preferred (quar.)____
Twin City Fire Insurance Co. (s-a)
Clutch
2
$1
(quar.)
_____—__
convertible
11-
J5c
™
(year-end)
Coal
6
50c
—
Century-Fox
12-
50c
__
12-12
50C-
class
4%%
12-14
*'
1-2*'
12-
12-2
1
Bangor Hydro-Electric, 7%
4%
preferred
(initial)
10-31
12- 1
12-14
12- 5
(quar.)
..i Extra
12-14
1- 2
fsoc
__
11-
12-27
15c
(quar.)—
common
American
12-18
$35c
Z1ZZ
11-29
$25c
fauar.)
American
12-14
12-31
r
Canteen
Baltimore
1-15
-1«
12-25
(final)
Baltimore Porcelain
6%
1- 4
'
11-2®
12-
...Extra'.
,
11- 5
12- 2
12-31
—
11-15
8114c
$1
(quar.)
preferred (quar.)__
American & Foreign Power, $6 pfd. (accum.)
$7 preferred (accum.)
American Forging & Socket Co. (quar.)
12-16...
2-1
12-31
10c
<quar.)_
(year-end)
12-30
Company
12-31
"
12- 2
25c
Automotive Gear Works, common
50c
$1.65 convertible preferred (quar.)
4114c
Aviation
Corporation,
common
10c
Avon Allied Products
(quar.)—
20c
Avondale
Mills
(monthly)—
: 6c
Monthly .'iii—T;-;;6c
Badger Paper Mills
2
$1
Bagley
Building
Cox-p.-*
—
25c
Baker-Raulang (s-a)
10c
Balfour Building, Inc. (quar.)
—
$1.25
12-19
$1;
40c t
(quar.)_
(quar.)
Drug & Chemical,
Amer.
12-16
J20c
1-10
2- 1
12- 2
12- 9
12-21
$$1
American
12-16
50c'
12-23
12-
Automatic
Canada, Ltd.—
Co. of
Ltd.,
of
12-16
12-30
12-30
12-20
25c
%; 25c
11-22
12- 2
,
50c
$1.50
Industries
$2.75
11-29
12-30
preferred
American Cities Power &
11-30
1- 2
Powder
1
2
1-31
^
:
Co., 5% series A conv. pfd. (quar.)
5% preferred B (quar.)
—
Preferred O (initial)—w-w_—,
11-15
15c
15c
__
(quar.)
Inc.
(quar.)
preferred
11-30
12-14
12-14
2-
1-2?
11-25
12-31
$3
$2.50
3714c
,
Autocar
12-16
$45c
20c
80c
Extra
7
5614 c
%
(quar.)____
2
11-
12- 2
12-12
1- 2
2Uc
preferred
Amerex Holding Corp.
(s-a)
American Airlines, $3.50 conv. pfd. (quar.)_
American Arch Co.
(year-end)
American Automobile Insurance
(quar.)—
American Chicle Co. (quar.)
2
1- 2
:'
(year-end)
Austin Motor Co.
12-10^'
12-16
35c,,.
Extra
11-30
12-16
&
Corporation
Aunor-Gold Mines, ; Ltd.
Holders
1- 2
133Ac
6%
11-30
12-10
RR., common—,
West Indies S. S. Lines—
Atlas Tack
Payable of Rec.
$50c
75c
15c
(quar.)
preferred
4%
12-14
.
s-a)
Co._
Aluminum
11-30
15c
(initial
convertible preferred (Initial quar.)
Portland Cement
1—
Company of America—
Aluminum
11-30
1- 2
Line
non-cum.
Atlas
11-30
When
$25c
$$1.25
common
Stores-Corp.* 4%
Mfg. Co.
6%
12-10
12-14
;;; v
(Conn.);
Line
Coast
1
12-
$1
preferred (s-a)
Atlantic Refining Co.
(quar.)
Atlas Imperial Diesel Engine-*
Series A preferred
(quar.)
12-16
2
20c
Corp.,
Aluminium
12- 2
12-14
$1.25
_
(quar.)
Insurance
Extra,
12-16
20c
(quar.)
Laboratories,
11-30
75c
Aircratt
Common
11-30
40c
$4.50
•
_
(year-end)
Finance
&V*%
11-30
50c
Company (quar.)____.
Welding Co
-
$1.1214
$1.12'/a
(quar.)
2-
________
Point RR.—,———
West
it
Common
Aluminum
2
40c
Electric
tJnited-Carr
2
Extra
2
12-23
25c
___
common
12-
Share
Allis-Chalmers
11-20
1
$1.25
______
_
preferred
12-20
convertible
Allied
1
$1.25
;
Corp. of St. Louis
Toronto Elevators, Ltd.
(year-end)
;
12-
Co.
Stores
Allied
2
2-
75c
Extra
5-%
12-
12-14
2-15
40c
__
(quar.)
common
Hat
Allied
2
H5c
,
_
preference
New
2
35c
Tec)c Hughes Gold Mines (interim)
TeXas Gulf Sulphur <quar,)_;
;
12-
2
12-12
$1.75
___
ilUnited'.'Artlsts
2
5%
preferred (quar.)
Agnew-Surpass Shoe Stores (quar.)
Air
Associates, Inc. (quar.)—
Allegheny-Ludlum Steel Corp. (year-end)
11-30
12-14
40c
(quar.)
p Extra
414%, preferred (quar.)
Tamblyn (G.), Ltd., common
Sugar
12-16
12-
Addressograph-Multigraph
(Del.)—
___
Pacific
Gulf
..
12-14
25c
(quar.)
Co.
Steel
55c
1-
$$1.25
—
(James), Inc.,
Disc
Atlantic
12-27
Ltd.—
preferential participating (quar.)
A
Aeronca
1- 2
$1.06 Vi
__
Extra
12-16
give the dividends announced In previous
we
Adam
1
15c
(quar.).
.
Twentieth
Coast
40c
Ltd.
Mines,
preferred
(quar.)
Acme Glove Works, Ltd.—
$1 redeemable preferred
11-27
4-
$1
Telephone Co.
Assurance Co.—
Paper
Truax-Traer
Atlantic
12-20
5%
12-10
12-26
15c
Towmotor
Atlantic
$1.75
L
Acme
37 Vic
..Extra ____________
5Vi% preferred (quar.)
Union
12- 2
37Vic
(accum.)
Company (quar.)
Tacony Palmyra Bridge Co., common
Union
11-29
Class
Alpha
&
Twin
12-14
15c
13%c
(quar.)__
(quar.)
(quar.)
Brothers, Ltd.
Time, Inc.
Atlanta
12-10
12-16
Acadia-Atlantic Sugar Refineries,
2
30c
Extra
$1.50
12-
30c
(resumed)
__
:<
12-20
$1.50
States
—_
Thomson
11-15
3714 c
Name of Company
2
i20c
paid (annual)
Milling Co.
Thermoid
1
2
12-27
f
$2
,
1-
•
—_
—
12-
50c
;
—
12-27
15c
50c
12- S
11-15
"
inc.—
__
1-15
11-3
1-15
•
12-14
12-
$25c
pfd
Stix Baer & Puller, new com. (initial)
Stone & Webster, Inc.
(year-end)
Strawbridge & Clothier, $5 preferred (quar.)
Title
12-30
12-20
$3
a
com.
Gas, common
preferred
(quar.)
Extra
1-31
Per
Associates—
$3.50
preferred (s-a)
Standard Oil Co. (Ky.)
4%
11-15
5
Sovereign Life
20% and 25%
Talcott
11-25
1
9
5
12-16
45c
(quar.)
Union
A
2
12-
12-
preceding table.
11-
quar.)
preferred A
Utilities
Southern
Extra
12-
v
12-14
J$1.25
$50c
convertible preferred
Southern Natural Gas Co
Class
2
5
12-14
$$1.75
$1.50
Swift
1-
11-15
(quar.)
convertible
Sutherland
1-15
12-
11-20
1- 2
11-
Corp
Sloss-Sheffield Steel & Iron, com.
$1.20 preferred (quar.)
Extra
1
2
1- 2
$1.50
Stedman
2-
12-12
12-12
—
weeks and not yet paid.
The list does not include divi¬
dends announced this week, these being given in the
12-16
I
(increased
Oil
12-14
12-14
12- 2
Extra
Standard
4
50c
Young-Davidson
Canada—
Simpson's, Ltd., class B
Singer Manufacturing Co.
Standard
1-
12-14
7Vic
Hoist
of
(quar.)
preferred
4% %
12-14
2
$1.25
Corp
Ltd.
(year-end).
Dairies, Ltd., 40c partic.
Silverwood Western Dairies, Ltd.—
Southwestern
"•
4
1-
17 Vic
$1.02Vi
Breweries,
Shore
12-16
l- 2
25c
Silverwood
55c
11-21
$3.50
_
(quar.)
Sherwin-Williams Co.
South
2
11-15
12- 5
12- 5
11-30
(increased)50c
participating preferred (quar.)
—
75c
Participating
—_—
1214c
Argus Corp., Ltd.—
■
4ya%
convertible preference (quar.)__
$$1.1214
Arizona Edison Co.,
common
(quar.)
25c
$5
preferred
(quar.)
$1.25
Arkansas Natural Gas. 6% preferred (quar.)
: 15c
Armour & Company (111.)—
1
■
$6 convertible prior preferred (accum.)
j / $1.50
Armstrong Cork Co., common (interim)
■
25c
$3.75
preferred (quar.)
—
j
93%c
Artloom
Corporation
(quar.)___—
10c
Associated Dry Goods, common (irreg.)
40c
6%
1st preferred
(quar.)
$1.50
7%
2nd preferred
(quar.)—
—
/ $1.75
Astor Financial Corp., class A (year-end)
10c
Class B
(year-end)
10c
12-16
1-1
1
12-15
Arden Farms Co., common
}
11-26
35c
Co.
Manufacturing
Shepard-Niles Crane &
Solar
"
$1.75
(s-a)
Corp...;
G.)
Inc.
12-20
1-
$1.1214-
4y2%
6
50c
Skilsaw,
12-14
12-
90c
prior preferred
prior preferred,
(quar.)
Corporation (initial)
Corrugating Co
12- 2
12-
12-24
—_——
12-11
$3
(s-a)
Sheller
5%
2
1-..2
:
$1.50
convertible
12-16
$1
6214o
lz-20
1-31
Special
Co.—
(quar.)
11-20
12- 2
2
$1
(s-a)
Extra
Sick's
2
1-
12-
t20c
(quar.)
Below
_
7%
1-
12-27
>
2
12-
;
preferred
11-15
12-20
$1.50
11-30
12-14
1-
$2.50
Industries, Inc. (resumed)
& Lothrop, common (quar.)
4Vi'%
11-30
12-15
75c
Scranton-Spring Brook Water Service, com.
4.10%
preferred ".(quar.)
Seattle Gas Co., $5 1st preferred (accum.)
Serrick Corporation, class A (year-end)
Class B
(year-end)
(P.
11-25
Extra
11-27
25c
(year-end)
preferred
Steel
12-14
Yolande
(extra)
preferred
Shattuck
5
25C
Common
9
75c
preference
Sharon
12-
Po®t Products,
-
Worthington Pump & Machinery—
2
25c
s-a)
2nd
314%
12-31
Woodward
Scruggs-Vandervoort-Barney, Inc.—
Common
6
50C
preferred (1897)
(quar.)
3.60% preferred (quar.)
12-15
1-10
$1.50
(quar.)
Lace
12-
1-
$2.50
Trustees
Extra
...
Scranton
4
,
6%
15c
......
Company
Extra
2
Common
25c
(H. H.) Company (quar.)
Manufacturing Co. (incre. quar.).
Ryan Consolidated Petroleum—
2
12-
3114c
12-15
1- 2
12-
12-17
20c
;
12-15
2
25c
Rockwell
Schiff
(quar.).
of Alabama
15c
12-21
11-30
12-20
50c
1- 3
25c
12-14
50C
»
Inc.—
40c
Robertson
$2
$1.25
'
(incr. s-a)___
Weston (George), Ltd. (quar.)__
Wisconsin Co., 4V2V0 preferred (quar.)
25c
1-17
3214C
8714c
.
1
;
Railway
11-9
11-29
$1
t50c
Anglin-Norcross Corp., Ltd.
$$1.50
Extra/
;
.$$1
Anglo-Canadian Telephone, class A (quar.)
$15c
Anglo-Huronian, Ltd.
(s-a)
—
$10o
Applied Arts Corp.,*new com. (initial)——10c
Arcade Cotton Mills, 6% preterred (s-a>_^
/
S3
Archer-Daniels-Midland
'
20o
~ ,
Western Real Estate
1
2-
.
25c
Western
1-
6% prior preferred
(quar.)
Andian National Corp., Ltd. (Interim)
70c
12-21
$1.75
Anchor
11-20
60O
12-10
12-
11-20
(quar.)_
11-30
12- 2
40c
,
5
11-20
75c
preferred
12-
11-20
2
(s-a)
Extra
5%
Co.,
75c
>
-v-'"--
__
—_
2
$1.12'/a
Telephone
11-9
(resumed)
■ • $13
$4 convertible prior pref.
(initial quar.)
$1
7% preferred (clears arrears)—________
i $58.50
7% preferred (quar.)—$1.75
Ampco Metal, 6% convertible preferred (s-a)
•
30c
11-25
2
11-30
25C
1
1-
1-
11-30
iw" $2
(quar.)
&
11-30
12- 2
common
12-
(quar.)
'
l-z-47
1- 2
75c
—_—___—
(initial)
preferred
12-
(quar.)_
12-15
1-10
25c
$1 convertible preferred (quar.)
Republic Steel Corp., common
6% prior preferred A (quar.)
Revere Copper & Brass, Inc. (initial)
St.
Light
Common
Republic Pictures Corp.—
dividend
Co.
preferred
Western
11-25
15c
Stock
Motor
5%
•
American Woolen Co.,
$2.50
Wayne
11-25
12-16
12-15
3714c
common
;
12-10
53Vsc
1214c
___
Common(initial)
,.■>
12-4
12-20
'
__——
Inc. (liquidating)
Products, pfd. (quar.)
Wheelabrator & Equipment—
$1.37 Vz
(quar.)
11-29
39cr
$1.50
•
$1.50
Pictures
Brothers
11-30
12-16
25c
(quar.)
2
2
20c
12-16
Extra
1212-
30c
35c
Brothers, Inc.
Shoe Company
Regal
1Z-2U
12-16
_
12-16
■__■
12-Z6
12-16
Extra:,
12-14
preferred (quar.)
prior preferred (quar.)
American
Common
11-2*
1-2
25c
-
Valley Mould & Iron Corp., com. (year-end)
$5.50 prior preference (quar.)
....
Valspar Corp., $4 convertible preferred (s-a)
Veeder-Root,
Inc.
(year-end)
Virginia Electric & Power, $5 pfd. (quar.)__
Walworth
Company
(resumed)
1-15
(quar.)
11-19
30c
11-29
50c
(year-end)
11-29
30c
12-16
25c
Extra
5%
11-29
50c
preferred
Vitrified
(quar.)
'
Pump Company
& Company, 4%
preferred
Wellington
Fund,
Inc
West Virginia Pulp & Paper-—
West Virginia Water Service-r.
Common
(increased)
(quar.)
(quar.)
Verre-Mural,
American
—
Mills
Cotton
11-30
Raybestos-Manhaitan, Inc. (year-end)
Peal Silk Hosiery Mills, common (quar.)
7%
Light
11-30
T
common
Manufacturing
Packing Co
JRath
5
&
Mohawk
12-31
___.
convertible
EPyrene
&
12-16
____
Extra
Power
Utica
Waukesha
,
American
11-19
100__
12-31
30c
preferred (quar.).
Inc.
(quar.)
Oil
Utah
Weeden
Extra
iPure
6
11-30
•
12- 7
11-29
433AC
dividend)
(quar.)_____
12-21
39c
;
6% preferred (monthly)
Publicker Industries, Inc.—
$4.75
(stock
Utah-Home Fire Insurance (Salt Lake City)~>Quarterly
Jersey—
quar.)
12-16
12-27
common_™___—:
preferred
$1.183/4
New
(increased
Plywood
non-cum.
12-
12-23
$114c
t5c
-
•
__
Service
Pullman,
,
Dome
Extra
Common
States
Tobacco Co.,
35c
$30c
(quar.)
-1- 2
70c
10c
Mines, Ltd
;
Proprietary Mines, Ltd. (interim)
Public Service Co. of New Hampshire (quar.)
Public
$4c
$1.50
$2
(quar.)__
10c
(quar.)
12-10
______
11-29
12-20
Co.
10c
Company of America
Pood
12-
1- 2
12-12
Extra540c
Pratt
-.
U. S.
60c
,
—;
Co.,
11-20
11-30
Extra
-
Plate Glass
River
12- 4
12-12
$1
Co
Extra
Potash
12- 2
35e
25c
Screw & Bolt
Pleasant Valley Wine
Powell
1- 2
United
(accum.)™
(quar.)__
2
Equities (Canada)
Illuminating Co. (year-end)
Pacific Insurance
$1.50
20c
Co.
11-23
11-23
1-
12-14
35c
(initial)
/
414%
preferred (quar.________
American Thread Co., 5% preferred (s-a)__
American Tobacco, clas B (quar.)
12-10
Holder*
Payable of Rec.
50o
_________
Bottle
12-10
Gold
United
(quar.)
Co.:—
Thermos
75c
..."
___
United
2
Stores
American
11-30
20c
(quar.)____;
Corporation
11-20
RR.
(quar.)
Consolidation
United
Gas
93%c
Norristown
&
American
12-14
When
Share
,
Foundries
Steel
50c
United
12-11
Name of Company
^
-
12-
5
Per
Holders
American
'Extra
1
12-11
2
12-
common
A
Elastic Corp.
'
2m
Payable of Rec.
Westvaco Chlorine
stock_;._i______-'
1-2
1-
$1.25
-
——....
Corporation,
common :
$1.50
tquar.)
Germantown
(quar.)
Phllco
Products.,
United
11-29
12-
1- 2
$1.06V4
(quar.)
preferred
Philadelphia
/'
2
12-21
Share
$1.25
(quar.).:
(extra)
Philadelphia Company, $5 preferred
$6
2
12-
Name of Company
,
United Chemicals, IncP
175/10,OOOths share of
11-29
12-14
30c
.
12-
.
12-16
/ «
(quar.)
2nd
preferred
(Charles) & Co.
of Rec.
12-14
30c
...
preferred
12-16
—15c
(year-end).—
$2.25
Ltd.
When
Per
Holders
Share Payable
;
Penn Electric Switch, $1.20
pfd. A <quar.)_
Pennsylvania Salt Manufacturing Co.™™
Pet Milk Company, common
414%
When
Per
>
.
i
Name of Company
_
Park
THE COMMERCIAL & FINANCIAL CHRONICLE
4545;"-
Number
American
Extra
..
——
0%
11-26
1-8-41
11-15
11-26
11-15
2-25-47
of Company
Share
Brompton Pulp & Paper Co., Ltd.
Brooklyn Borough Gas, common
4.4%
preferred
(quar.)
Brown-McLaren Manufacturing Co.
Brown Shoe Company, common
preferred
Silk
1
11-12
Cockshutt
(quar.).
2%C
12-
2
11-22
30c
12-
2
11-15
90c
—-
Collins
12-10
11-30
$30e
12-15
11-15
Machine
&
Bullock
Forge
Fund,
Bunker
Hill
;
B"ddin«r
Inc.
I-2
12-20
11-15
II-29
12-16
11-19*
Columbia
I-
2
$1.25
12-
2
Butler
Corporation
1111-
12- 2
U-
12- 2
12-10
15c
Extra
11-
II-30
11-30
11-18
28 %c
preferred
(quar.)
Cement
New
Dry Ginger Ale, common
preferred
(quar.)
Class
A
Class
&
7%
Canada
12- 2
12- 2
11-15
12- 1
12- 6
11-20
1- 2
50c
12-12
12-20
11-22
Power,
common
Vinegars, Ltd.
SXfcrflr''
■<■
n
■,ri
j'j
r
i
1 .i.
Foreign Investment
Canadian
Quarterly
Quarterly
Quarterly
Canadian
ni mi
11-
■■
$50c
12-16
11-15
Continental Can
$15c
$$1.75
$15c
1-25
12-20
Continental
1-15
12-
2
12-15
11-30
1- 2
11-30
$25C
12- 2
11-15
12- 2
11-15
t"5c
$75®
$75c
(s-a)
Canadian
7-
1
International
preferred
Investment
Trust—
(accum.)—.....
-
(a\i0r 1
Oil
11-15
3%%
12-20
11-21
Cribben
Cos.,
Tire
Canadian
Western
Ltd.
Central
Violets
Sugar
;
I-2
12-10
11-30,
11-15
50c
11-30
11-15
15c
12-15
12- 2
II-30
11-15
75c
t
15c
$1.25
12-
2
11- 9
12-
2
11-15
$1.12ya
1-
2
12-20
12-10
11- 8
1
3f>C
11-30
Ribbon
60c
12-16
12- 2
—.
$1.25
11-29
11-18
Cessna
Aircraft:
Belt
(reduced)
Corp.
Champion Paper & Fibre,
Extra
$4.50
(year-end)
———-—
preferred
.
Delaware
&
11-25
11- 9
Delta
20c
12-16
11-30
Dentist's
Lines (s-a).
Supply of N.
12Vac
12-10
11-16
Denver
(quar.).————
Shore
&
South
Bend
75c
RR.—
Quarterly
Chicago Yellow Cab Co. (quar.)—
Chiksan Company ' (irreg.)
Chrysler
Corporation-
40o
300
-
—
City
ol
Paris
7%
1st
7*
2nd
——
Dry Goods—
(quar.).
Clearing
New
11-18
12-14
11-25
12-16
12- 2
11-
12-14
4%
Coast
special
1-18
9
12- 1
$1" r$2- 1
$15e
•'
$5c
12-
5%
11-15
&
$1.75 2-15-47
Company,
common
Year-end
2-7-47
1-2-47
$1^5-, 12? I
—
12-30
30c
I-15
12-30"
25c
12-16
12-
15c
12-
3
10-22
50c
.12-
'
Co.
(Syracuse
11- 8
2
11-15
25c
12-12
11-30
$1
(quar.)
&
12-2
11- 3
12-
2
11-15
12-20
11-27
Co..
12-16
4-
1
11-30
10-30
Federal
$2.50
$2.50
;
Bake
L- 2
12-13
12-31
12-20
12-13
12-13
1^-16
•
11-2h*
12-
2
11-15
12-16
12-15
12-15
5%
preierred
11-30
11-15
Fenton
United
12-20
Class
11-26
11-15
Firestone
11-15
12-
I-
2
12- 2
11-16
7%c
II-30
11-15
75c
12-10
11-23
12 %C
12-16
12-
15c
12-31
12-
I
62%c
12-31
12-
1
$1
$2
12-10
12- 5
12-10
12-
20c-
12-16
12-
12-16
12-
$3
I
12-16
12-
12-16
12-
Cleaning & Dyeing Co
-
Finance Co.
B
Publishing
of
(quar.)—-
class A
America,
(quar.)
:
Tire
.
(quar.)—
preferred
(quar.)
First Security Corp. of Ogden
II-15
Class
11-13
Class B
12-
75c
12-23
12- 2
12-16
12- 2
A
$1.12%
(Utah) —
$1
12-10
12- 2
(s-a)
$1
12-10
12-
Corp., $2 preferred (initial s-a)
Firth Carpet Co., common
(quar.)—
5% preferred
(quar.)
Fishman (M. H.) Co., Inc. (increased quar.)
2
$1
1-
2
12- 3
25c
$1.25
12-
2
11-18*
12-
11-18*
25c
12-
11-15
65c
12-
11-15
17v»c
20c
12-
11-20
12-
11-20
20c
First
(s-a)
common
common
York
—
11-15
12-12
5c
11-12
^
Extra
Fitzsimmonc
Stores, 7% preferred iquar.)—
participating class A (year-end)
5% non-participating class-B (year-end)—
Fllntkote Company, $4 preferred (quar.)—
Ford Hotels Company
(s-a)
Fort Pitt Bridge Works
:
Fox
(Peter) Brewing Co., common (quar.)_
5%
$1.50
i- 2
11-24
4c
ii-30
11-15
75c
12-20
11-26*
50c
12-16
11-22*
10c
12- 5
12-16
$1.05
12- 1
11-13
$1
12- 1
11-13
$$1.50
12- 2
11- 8
$2
12-31
12-17
De Luxe
II-30
1-
75C
11-15
1
12-
5%
Franklin
50c
12-10
11-30
25c
12-
11-15
25c
1-
12-14
1-
12-14
25c
1-
1-
12-14
25c
1-
12-14
1-
12-14
2%c
12- 5
11-15
Free port
Fresnillo
pfd.
conv,
1-
12-14
56'/4C
62 %c
12-
11-13
12-
11-15
.
(quar.)
(quar.)—
Sulphur
(quar.)—,
Company—
12-
2
11-14
$1.75
12-
2
11-18
Less
$37 %c
12-
1
11-15
Fruehauf
12-1
11-15
4%
12-
2
11-20
Galvin
12-
2
11-20
12-20
11-30
45c
$1.12%.
$1.75
Mexican
$$2.50
35c
1-
2
12-23
12-
2
11-
9
12-15
12-
1
6%
50c
12-10
12-
3
General
12-20
11-29
General Mills,
I-19
12-20
General
12- 2
11-11
tit to
JM-
I
11-14
preferred
Outdoor
Advertising,
11-30
12-16
11-30
General
11-14
(optional) cash or 209/1500th
of
preferred stock.
This
clears^all. arrears
$6 preferred
(quar.)i
General Tire & Rubber (quar.)
Genesee Brewing, class A__
3-
12-
$1
75C
2-
1
12-10
12- 9
A
91c
11-25
11- 9
25c
11-25
11- 9
2ac
11-25
12-20
5%
preferred
Scottish
11.-12
(increased
Common
12-1.4
11-27
$1
Corp.,
Cartons
VTC
preferred;
common
$$1
15c
(monthly)
Ltd.
(quar.)
12- 5
12- 5
$3.25
$1.50
25c
15c
Dow
12-
11-12
(quar.)..4.^^—
Company (quar.).—
Draper Corporation (year-end)
Dumbarton Bridge Co
12-
2
♦1
12-16
12-
2
$1.50
12-16
12-
2
Co.
(quar.)
Dim & Bradstreet, Inc. (quar.)
Dunlop Tire & Rubber Goods Co., Ltd.—
5%
1st preference
(s-a>_i
Durez Plastics
&
Chemical
•
1
12-
1
11-30
1-
1
1-
1
1-15
"25c
50c
12-25
308
.....
$%8
5c
(quar.)-
Co.
5c,
—
11-16
(quar.)
$25c
2-1
—
37 %c
12-
—
$25c
1
1- 3
2
12- 2
.
•1M!
1-15
1-
2
1-15
1-2
12- 2
II-21
$1
12-14
11-16
20c
11-30
11-20
15c
125. 3
—
50C
12-16
11-20
Class
.
(quar.)"
:—
common
:
(quar.)—
(quarJ
:——• :
Ltd.—
(quar.)—...i—:——
A
Class
B
——
(quar.)-l—
—
$12%e
$12%C
****' *
12-14
12-14
■
Gossard
(H.
W.)
Co.
50c.
,3oe:
(year-end)
"
Graflex, Incorporated,
5% preferred (s-a)
11-15
$1
>
preferred
Gordon Mackay & Stores,
I-2
75c
—
4%
1- 2
2-
preferred
Golden State Co.,
iui*
13-14
;
$5
11-1
12-14
15C
—
__
1—
12- 2
$256
Drug
—
12-10
Brewing
(quar.)
Goodall-Sanford, Inc. , (quar.)
Goodyear Tire & Rubber—•
.Common
(increased quar.)
11-16
$2R c
(qoar.)U.—
11-15
75c
12-31
$25c
$7%e
Chemical, common v(qua*.>
50c
(quar.)
15C
$1.75
12-
75C
Harvester
Extra
12-31
a^p-47
11-38
1- 6
11-19
12-16
Extra
11-15
.3-3-47;
$50e
/flier.
—
11-12
11-23
1
2-
11-14
1
1Z-12
Investments, Ltd.
(accum.)..—.....
12-
12-16
12-
12-10
12-16
—
Banking Co. (quar.)——
Gerrard (8. A,), preferred
<s-a>Gillette Safety Razor Co., (quar.).
&
Corp.
Globe Oil Co., Ltd.—
$25c
—
12- 1
31V4C
•
RR.
Gleaner
(quar.)—
(quat.).—,
Electric
B
Goebel
Donohue
Dumont
11-20
$87 %C
a—
11- 8*
i
share
a
Class
(Western)
(quar.)
87 %C
208
12- 6
II-26
12-20
1>-
37%C
quar.):
payment
Georgia
Ltd.—
Brothers, Ltd (quar.)
Dow Chemical, - common—
:
12-16
q
12-28
37 %c
quar.)—
(increased
....
.
Stores,
Dominion Tat; 6c
11-27
11-21
15C
—
12-14
12-10
13-2
100%
,<auar.)
preference
Dominion
1- 2
45c
'
$1.25
/
62 %c
TT„
2
Shareholdings Corp.—
of
"it!
11-22 r
2
11-26
$6 preferred
7
1- 2
-
25C
Common
Class
11-22
12-2.
11-13
1
General Phoenix Corp,—
'12-14
12- 2
2
12-
50C
12-16
-
12-
15c
,
12-31/
$1..
$1.75
$1.25
common
35c
75c
12-
(quar.)^—
12-31
37 %C
11-25
84'-% C
20c
(quar.)
11-29
12-28
12-12
t t.n«
pfd.
11-20
11-20
20c
$1.25
V/UljJ.,
Corp., common.
(quar.).
Grand
Union
Great American
Great
i%
common
Company
Atlantic
preferred
Indemnity
&
Pacific
'
(special)
12-3
$2.50
25C
11-29
(quar.).
a: ioc
12-16
common
$1
11-30
11-15
$1.75
(N. Y.)
Tea Co.,
11-30
11-15
$$1.73
12-31
,
(quar.)
Great Lakes Paper,.Ltd,—
$2 class A preference (aceum.)
12-
9
v
$62 %c
15C
12-31
12-14
12-16
11-26
Great
Lakes
Extra
Plating
ioc
(quar.)
—
......—.
,
11-29
•
2
62 Vic
(quar.)..
preferred
conv.
12-
12-17
15c
;
5%
3%%
Motors
Generat
12-14
B (s-a)
Industries,
preferred
$5
12-20
12- 2
$1
,
12-1A
25c
Manufacturing Corp. (s-a)
General
American
Transportation
General Bronze
Corp. (quar.)
General Cigar Co., 7% preferred (quar.).—
General Dry Batteries, Inc..
General Finance Corp.—
4% preferred series C (initial)
5% preferred A (s-a)
12-23
2
54%c
8%—^
Trailer, common.;
preferred (quar.)
1-
2
of
tax
'
12-16
(quar.)
4%%
Simcn,
'
11-20
12-16
!
preferred
6
50C
(quar.)—
12-
(quar.)
(Michu), com.
Brewing
'
'
50c
(Indiana)
.
,
50c
De Luxe Brewing
Extra
*
«
50c
Fox
Fox
'
3
$1
Extra
Extra
$1.75
2
Rubber—
&
4%%,
2
1
11-30
$3
(quar.»
Stream
&
12-23
12-
12-16
$1.50
Extra
ii-27
28%c
12- «
t$2
Extra
Field
12-23
30c
2
1-
3-15
20c
Shops, Inc. (quar.).
Federal Grain, Ltd. 6%% pfd. (accum.)
Federal Light &' Traction—
$6 preferred (quar.)
Federal Manufacturing & Engineering (quar.)
Federal-Mogul Corp.
(increased)
Federal Screw Works
(quar.)
Feltman & Curme Shoe Stores, com. (quar.)
.
I-15
quar.)
&
2
Y.)—
N.
11-16
$$1.25
5c
25c
$4 preferred A
11-25
(quar.)
preferred
Malting,
758
—
^
—
11-14
I-15
2
$1.31,/4
40c
common
Dominguez Oil Fields
.
(s-a)
11-14
2
1-
11-26
«utt*r.)
Investment
Envelope
7%
Dominion
r
—...
(quar.).
Coca-Cola
& Anglo
Dominion
n-12
Electric—
preferred
2
12-
30c
35c
Extra-
(quar.).....
Gas
1
12-10
—
preferred
Ltd.,
12-10
12W2
$3
common
1st
11-
2
20c
Y—
(initial
dividend
Dominion
11-15
11-15
12-31
common
Stock
5%
11-15
I
12-1
.
Dominion
>,
—.
guaranteed
Counties
Class A
„
.
5%
Corp.—
(initial' quar.)
"
12-
11-16
«
$2.50 Class A (quar.)
Dr.
Pepper' Company
(increased)
Doernbecher Manufacturing Co.—
11-16
2- 1
35c
(quar.).................
guaranteed
8
11-13
—•
11-20
Cleveland & Pittsburgh RR.—
7%
12-
II-3(1
I-17
6%
participating preferred (s-a)
Dictaphone Corporation, common (year-end)
4%
preferred
(quar.)
Disston (Henry) & Sons, (quar.)
Dixie Cup Co., common
Machine
common
11-
(quar.)
Co.,
11-15
$1.25
30c
Match
1
$5c
12-16
:
i..:
12-
12-16
25c
11-30
....
B
New
(s-a)
Co.,
11-15
11-20
50c
'
preferred
Clark. Equipment
5%
preferred.*
Diamond
1
12- 2
$1.80
City Water of Chattanooga—
5%
preferred
(quar.)
12-
12-16
'.
(quar.)
preferred
Class
$2
Co.—
City Ice & Fuel Co. (increased quar.)
City of New Castle Water Co.—
preferred
11-22
750
—...
—
Extra
12- 7
12- 2
5c
25c.
P
Milling Machine, common4% preferred
(quar.)—..
■—
Circle Bar Knitting,'Ltd.
(quar.):————.
•
Co.
Bridge
11-15
25c
25C
(quar.)
Yarns go.
12-18 '
1
.
Cincinnati
Extra
RR.
International
1-2
'
•
,
Cincinnati Inter-Terminal Railroad
4%
preferred (s-a)
Detroit
11-16
Brook
Stock
2
$1.25
brewing Corp.
iquar.)
Fanners & Traders Life Insurance, Syracuse
N. Y.)
(quar.)
75C
-
—
$3.75
—
_
South
Union
2
(year-end)
Fajardo Sugar Company
Falconbridge Nickel Mines, Ltd. (interim)—
12-13,
11-26
20c
Dewey & Almy Chemical Co., common
$3.50
————
Chicago
12-10
$1.12%
Chapman Valve • Manufacturing—>
7% preferred (s-a)
Chicago Corporation, $3- pref. (quar.)
Chicago & Northwestern RR.—
•6% preferred series A v. t. c.
(resumed)..
Chicago Rivet & Machine (year-end)
2
1- 2
$1.13
preferred ' (quar.)
Air
12-16
1-
—
preference
&
Hudson
1
11-15
1- 2
1-
—
Morse
50c
11-27
12VaC
11-15
13-
I
12-
(The),
Fairbanks
25c
12-10
—
12-
12-
75c
(quar.)
Faber Coe & Gregg
Fair
$1
&'Bound
—
2
12-15
$1.50
(quar.)
common
Insurance
$1.12y2
Delaware
(initial).
new com.
12-
$1.25
$1.37%
4
$$5
11-30
■
Inc.,
preferred
$17 Vic
12-11
15c
11- 8
25c
(quar.)
12-14
-
5%
50c
1-1-47
Company
Chain Store Investment
6%
5%
Deere
11-30
4%%
AV2 %1 prior. pref. fquar.)
1- 8
12-16
28c
$1.25
2
$1.75
Extra
12- 2
30c
i....
B
$1
Extra
12- 5
12-23
$1.12%
—
Common
•
12-14
Certain-teed Products—
''
A
common
—
class A
$1.12%
;
15c
1- 2
$50c
(quar.)
(s-a)
Company, 7% preferred
Deerfleld Packing Corp.—
*
i
(quar.)
11- 5
11-15
93%c
25c
Mills
1
12- 2
Quarterly
Dayton Power & Light Co. common
4Vi%
preferred (quar.)
De Witt Hotel, Inc.- (Chicago)
Debenture & Securities Corp. of Canada—
11-15
(s-a)
12-
11- 5
$50c
Cushman's Sons, Inc., 7% preferred (quar.)
Davis Leather Co., Ltd., class A (quar.) —
11-13
12-
Class
Extra
Chain
Capital Corp.,
Class
75c.
(year-end)
1
$60c
—
85c
-*<•
12-
$25c
'
150
Century
12- 2
25c
.
—.
Co.
Less 7V4C Cuban Tax
11-28
12-16
.*
(quar.)
Crown Cork & Seal Co., common (year-end)
$2 preferred (quar.)
Crown Drug Company, common (Increased).
Crown Zellerbach Corp., $4.20 pfd. (quar.)—
$4 convertible 2nd preferred (quar.)
Crow's Nest: Pass Coal Co., Ltd. (s-a)
Crum & Forster, 8% preferred (quar.)
Crum &
Forster Insurance Shares Corp.—
7%, preferxed (quar.)
Curtis Publishing Co., prior pfd. (quar.)
Curtiss-Wright,,; common-
3.8%
preferred
(quar.)—.
Central Ohio Steel Products—
Central Steel & Wire Co.
12-20
Semi-annually
(quar.)
Crown
(quar.)
'initial,
2
Co.—
11-20
&
(quar.)
pfd. (quar.)...
Central Illinois Light, 4V2%
pfd. (quar.)...
Central Illinois Securities
Corp,—
$1.50
convertible
preference
(accum.)—.
,
common
12-2
50c
Central Arizona Light & Power, com.
Central Foundry. 5% conv.
pommon
2
12-
Excelsior
(quar.)—..
(quar.)
12-16
$75c
■
New
pfd.
12- 1
vV
pta.
12-
12-16
10c
Croft Brewing
Crompton & Knowles Loom Works—
6%
preferred (quar.)
—
Central New York. Power. 3.40%
Central Ohio Light & Power—
12-10
12-16
25C
40c
11-28
Ltd.—
B' i—;
...——..—i—*Carpenter (L.. E. & Company (quar.)
Caterpillar Tractor Co. (quar.)—
r
11-28
17-15
25C
(quar.)
11-23
Company, class A (quar.)—-—
Carman &
11-12*
12-
(year-end)__
$20c
Ltd.> (quar.)..
Gas Light Heat
preferred (quar.)..—
11-25
11-18
Gas Co.,
Faistali
$25c
(extra)
2
11-2/
(initial s-a)
preferred
12-
$1.75
II-30
$$1.50
,
convertible
11-25
25c
$1
Sexton
2
$1.02%
Ltd.—
4J?2%
12-
4.1%
preferred (quar.)
Ely & Walker Dry Goods (quar.)
Empire & Bay State Telephone—
4%
guaranteed (quar.)
Empire District Electric Co., common
5%
preierred (quar.)
Engineers Public Service, $5 pfd. (quar.)—
$5.50
preferred
(quar.)—
!
$6 preferred (quar.)
Equity Corporation,, $3 conv, pfd. (accum.)
Erie RR. Co*, $5 preierred A (quar.)
Essex
Company
(s-a)
(quar.)..—.
class A (quar.)
Co.
11-26
25c
1-
11-15
Corp.
12-15
Natural
6%
Casualty
12-28
12-10
11-28
$$l
common
1
25c
12-15
Inc.—
York,
19-13
Corporation,
Canadian Wirebound
Boxes,
$1.50 class A (accum.)
Co;,
preferred
&
4% %
$15o
12-
Electrographic Corp., common (quar.)
7% preferred
(quar.)
Electrolux Corporation
(year-end)
2
$1.06V4
(quar.)—
12-16
•
Extra
«
12-2
$2c
—
Canadian
V <& Power Ltd.,
11- 1
-
—
8
Canadian
12-
preferred
Co
—
Corrugated Paper Box Co., Ltd.—
5% preferred
(quar.)—
Crampton Manufacturing Co. (quar.)
Crane Company, common
(quar.)
11- 1
$$1.25
—
12-13
participating
Boat
11-26
5-31
$50c
$50c
Canadian Malartic Gold Mines, Ltd.
(s-a).Canadian Motor on Lamp Co., Ltd.—
Class A (quar.)
AVa%
Electric
2-28
_
*
i,i ■!i.ii.-i
B
Class
1
11-38
11-22
30C
Extra
Industrial- Alcohol
Class
Cla*«
4-
11-38
11-22
(increased
$3 prior preferred (quar.);
Copper Range
....—
Cornell-Dubllter Electric,
common
$5.25 series A preferred (quar.)
Coro, Incorporated (increased quar.)
12- 2
1- 2
11-15
12-12
12-12
$25c
11-12
—
Gin Co.,
Cook Paint & Varnish,
11-15.
12-15
37V2C
Extra
12-10
25C
pfd.
Mills, pfd.
Continental
11-15
1
11-29
Ltd., class A (quar.)
Stores, common (quar.)—
Co.,
Brothers
12-24
50c
Paper
50c
Fund
12-10
40c
12- 1
Co., Ltd.-—
'
(s-a)j............iw»
i.m-i.i..
Edison
11-22
(year-end)—
>':2
12-13
11-23
12-20 e.
Extra
$$1
$37 %c
Class A
11-22
11-23
2
12-16
12-20
—
12- 6
12-
I-
12-24
50c
12-27
Glass
12-
12- 2
$25C
—
Stock
Eversharp,
Co., Ltd. (quar.)
Consumers Power Co., $4.50 pfd. (quar.)
Continental Assurance Co. (quar.)
Ltd.—
Corp.,
Howard
50C
11-15
** —
&
12-13
30c
75c
Quarterly
12-16
Fairbanks-Morse,
Eaton
Consolidated Water Power & Paper Co.—
12-16
& Cable, Ltd., class A (quar.)
Breweries* Ltd. (quar.)
—
Ltd. (quar.)...
Canadian
11-15
55c
12-11*
12-16
Canada Wire
1
56y«c
12-11*
$15c
Canadian
12-
25c
(year-end)
Fund
12 %c
(quar.)
1
1-
$50c
(quar,)..
Balanced
60c
1- 1
$$1.50
—
Howard
$2c
Consolidated Textile
$37ViC
(quar.)—
oc
60c
(s-a).
11- 9
12- 2
,
(quar.)
Eaten
WtW*
(quar.)—
—
(increased)
Common
—
»
11-15
-
12-29
El Paso Natural
(quar.)
Consolidated Textile Co.,
—
;
11-15
(Torontoi —
New
of
Laundries
Consolidated
Consumers
(quar.)
11-15
1
1
2
1-1-47
4-1-4 7
11-25
Quarterly
11-26
$32Vic
15c
1
1212-
40c
Edison
Consolidated
'
$1.06%
12-
$20c
Co.
12-
25c
2*«
11-15
—
Biscuit
12-16
$1.50
Racing Assn., $1 preferred (quar.).
preferred
(quar.)
Eastern Steamship Lines, common (quar.)—
$2 convertible preferred (quar.)
$1
Canada, Ltd.—
Ltd.,
$2.50
non-cum.
annual)
—
—
12-16
$20c
11-18
Consolidated Diversified Standard Securities,
;
15c
$150
v
Company
...
Consolidated
11-12
$34%C
Power
Quarterly
12-31
Extra
5%
12-15
11-15
—
Northern
Consolidated Bakeries of
1-31
(quar.)...
(quar.).
preferred
10-31
12-13
—
Extra
Canada
1
Forgings, Ltd.—
B
(year-end)—
Malting Co,, Ltd.
Canada
12-
$2.20
Consolidated Press, Ltd.,
—
Foundries
Connecticut
Ltd.—
Quarterly
Canada
10-31
20C
par) pref. (initial quar.).—
Canada & Dominion Sugar Co,, Ltd.—
$4.25
12- 2
T25c.
($20
Canada
12-16
11-21
$$3
Management
12- 1
$$3.50
Mills
Co.*
$2.40
11-13
2
Power—
preferred (quar.)
preferred (quar.)
12-13
$1.75
1
&
1- 2
$1.12 %
(increased.)
California Electric Power, common (quar.).
Camden Forge Co., common (quar.)
—
5%%
convertible
preferred
(quar.)——
Campoell \vyant &: Cannon Fdy. lyear-end).
Canada
Light
2
12-16
12-16
(s-a)
Investment
$1
Water
Cotton
Ltd.
Mines,
Connecticut
25C
—.
Eastern
12-
6
11-27
50c
(s-a)
(quar.).^
Connecticut
preferred
Eastern Massachusetts Street Ry. Co.6% 1st preferred (quar.)
11-15
$1.25
*
Conlaurum
11-18
50c
——
11-19
2
20C
——.......
Congoleum-Nairn, Inc.
25c
(quar.)
preferred
participating
Quarterly
11-
2
12-16
2
12-
40C
Confederation Llle Association
11-
12-
8%
11-13
12-
25c
12-
$1
$1
(quar.)
12- 2
$1.75
12-30
Confederation Amusements—
11-30
$1.50
Water Co.—
10c
Carbon
12-10
—
50c
$5 preferred (quar.)
—
Community Public Seryice (quar.)
Compo Shoe Machinery (increased quar.) —
12-3
87Vic
87%c
—
2nd
convertible
California
-■
;
$1
-.
-
2
11-19
50c
—
11-12
12- 2
1- 2
12-
•
Company, 7% pfd. (quar.)
Butterfly Hosiery Mills Ltd., common (s-a).
7%
preferred (s-a)
:
11- 6
12- 2
:
Interurban
75c
Commercial Shearing & Stamping
Commonwealth Telephone Co.—
11- 6
11-19
12-
Eddy
(year-end)
(year-end)
Columbian
11-15
25c
25c
—
(quar.).—
—
4Vi %
.V >
2
12- 2
$25c
50c
(quar.)
(quar.)
Bush Terminal Buildings, 7% pfd. (accum.).
Butler Brothers, common
t
B
Manufacturing—
AVi%
.
A
Class
12%c
—
(Los
Burton-Dixie
Extra
Class
11-19
12-
&
20C
conv.
Year-end
preferred (quar.)
Adding Machine
Burroughs
Bush
11-15
II-29,
$1.20
Louis
preferred (quar.)
7%
preferred (quar.)
Eastern Air Lines, Inc. (s-a)
Eastern Magnesia Talc Co., Inc.—
Quarterly
Broadcasting System—
II-25
Concen-
&
preferred (quar.)—
3Va% preferred (quar.)
cunv.
Fuel & Iron, 5%
Colorado
2
12- 2
2
St.
6%
1
25C
(quar.)
12-16
$1.75
.11-
Holders
Holdert
Payable of Rec.
30c
50c
—
Power
12-14
4%
3Va%
Central
65c
Angeles)
Burkart Manufacturing Co.—
New common (initial)
Buriingtou miuia v/oip,, common
East
1
When
Share
Company
45c
(quar.)
preferred
lie
Ltd.
12-2
12-16
12-
Company
25c
Extra
4%
20c
I2V2C
Produces.
Bullock's
Eagle-Picher
25c
40C
Co
(quar) }
t trating
Extra
,
Per
Name of
12- 3
$7%C
$1.25
Co.
(year-end)
Inc (year-end).
& Sullivan Mining
'—
(Increased)..
pfd. (quar.)
Colorado Milling & Elevator, com (quar.) —
$3 preferred (quar.).—
Columbia Baking Co., new common (extra).
New $1
participating preferred (extra)..
12-
12-16
$i
.—
—
Die
——„
Corp
Stores, Inc., common
Colorado
V, (year-end)
$5
preferred* (quar.)
Buckeye Pipe Line Co..
Bucyrus-Erie Co., common (year-end).....
7%
preferred (quar.).
Budd Company, $5 preferred (quar.)
—
Buffalo
Lt«s-tt).j
Aikman
6i
Colonial
11-20
93%c
—
12-10
Ltd
...
Holders
12-16
87«<.c
I-15
I-31;:
'250
-—
....
Plow Co
Monday* November 25,1345"
Payable of Rec.
$13.20
:
$3
$2bc
(year-end) —
Corp.
Colgate
...
BrunswlcK-Baike-Collenaer Co.—
Common
A
11-12
12-
(quar.)
Mills,
Class
12- 4
$3.60
preferred
(quar.)
Bruce (E. L.) Company, common
3% %
50e
$1.10
Share
International
Coca-Cola
12-23
—
>,
Bruck
$250
(quar.)——\
Name of Company
Payable of Rec.
1-15
When
Per
Holders
When
Per
Name
Buea
FINANCIAL' CHRONICLE
[THE COMMERCIAL' &
2730
1- 2
12-20
ioc
1-
12-20
2
,
Volume 164
Number 4545
r iimn
i' lit
If?
i
THE COMMERCIAL & FINANCIAL CHRONICLEV
Per
Name of
.
Company
•
Share
Great Northern Papei Co-
fflKen
Holders
7,
11- ff
Kayser
2
11-16
Kerr-McGee
(irreg.).
KdwnCef'
5
2-
(quar.)
u
Water
50O
12-27
11-29
25C,
12-10
12-20
(increased) z
(increased quar.)
85c
12-
1
12- 2
11-30
11-
12-
Oil
of
>4 Extra
-
Class
'V
(quar.)
ii-it
Kroehler Mfg. Co.,
11-22
Kroger
11-22
12-10
11-20
(quar.)..
iz-zzszzz
250
Pineapple
Hstv'imn
Corp.
Additional
HaXei-Atlas
New
Cement
Monthly
Monthly
1...
Corp.,
common
E)
Company
Manufacturing, class
Hofiman Radio C'orp
Hoft (Henry) & Co.—
A
Oil
Co.
(quar.)
A
(quar.)
Electrochemical,
common
(quar.)...
common
(quar.).
(quar.)
Extra
12-20
12-31
11-25
9
Class
12-31*
Lock
Joint
Loft
Candy
12-
1
11-16
12-
1
11-16
Longhorn Portland
5%
11- 7
31-20
1
Extra
Lord?
ll-f
$1.50
II-30
11-15
$1.50
12- 2
11-12
12- 2
11-12
Ludlow
12-30
12-20
$2
$1.50
1-
12-1
M. J.
11-1
Macassa
Maclareh
(interim)
$10C
12-31
11-12
tl5c
12-
1
11-26
Madison Squ'are Garden
1
12- 2
12-11
11-27
16Vac
12-10
12-
$1.59'
12- 3
ii* ,4
2
11-15
12-io
11-21
70c
12-
$1.50
common
30o
12-19,
30c
Publishing
12-16
2
11-29
65cr
;i-15
•/
12- 2
t40c
i-i
Ir i
11- 5
f$i.l2,/2C
"
t40c
11-
t25e
Year-bhd
C
12-12
12-15
.—■
;
$750
1-15
<•.■
2
i 12-16
25c
12-16
J
12-15
s
!quar.)
:
Johnson
(extra)
Laughlin Steel, common
$1.25
$1.25
Co., common...
preferred ;quar.)._.
12-
60c
1
ioe
1-
1- 2
12-10
ii.
• ■
60c
■
12-10
:
11-27
12-14
11-30
$1.12 V9
1- 2
12-14
stock
_z—————
(quar.)
11-30
50b
;■"'• 12- 2
tab
f
11-22
12- 2
15c
1-
2
1-
$14C
*
2
i
11-1
12-14
25c
(increased)...
;
9
11-
12-16
•
12-16
12-14
U-lff 3
12-14
11-15
4
'12-14-
4
12-14
$55%C
1-
2
11-29
$66 %C
1-
2
11-29';
1-
2
1-
2
11-29
12-14
H-30
______z.z
zz.zz—
«ss
••
v
12-14; '>
>
t $ 1.75
:
t$1.75
$2
r> 1225c
zz__
11-29
11-?o
30c
z
i
11-26
2
n-15* y
12-10
11-22
12- 3
li-ijJ
1e
12- 3
:
Development—
•
306
12-
9
11-18
12-14
11-15
$2
12-16
12-
500
12-10
11-25
*$1
ri
'
11-15 j
-
300
-
..z__.z_z_..
11-30
•
$1'
11-30
$2
2
,
11-15
11-30
12-
;
9 )'
>.
11-15
)
11-15
S
11-15
100
12-16
12-
50c
11-20
12- 2
11-19
12-20
.
(year-end).
of
11-30
11-19
12-14
si{ 11-27
55b
.
America—
2
V'v'
11-29
12' 7
12- 2
11-20
12-12
■
>
i5c
(year-end)
Inc., $7 pfd. (quar.)..
common
(quar.)zzz.-z
11-15
1-15
11-39 f
12-
Box,
Co.,
5
12-31
25c
12-14
12-14
$1.75
11-30
1-
$1
(quar.)_z
Ltd.
>
/
50b
12-10
11-16
12-10
11-12*;
lOo
12-10
11-12*
12- 1
10-22*
IS
>
45 b'
12-10
11-19
100
12-10
11-19
60c
•.
(initial)..
(initial
pfd.
12-14
206
t
quar.)..
common
$4.50
2
$1.07
(quar.)
common
preferred
Folding
11-12
11-30
12-20
quar.)
Chemical,
convertible
Y
12-14
12-10
11-30
v,
$I
12-10
11-30
'
12-10
11-30
$17b
12- 2
11-
8
■$1.25
60c
>
6
5oc
(quar.)'..
National
4
11-
1
Corp.,
&
12-
12-10
25C
ZzzzU'-i-.—.zz.iz.z—..z,zz._zzzzZ-
Drug
12-10
$1.75
:«
:£•
.ZZ...ZZw.w.._.zZZ.zZZ^.
National
2
"
; Extra
.u.zz.zzz'z.zw^..M.«».-..zzz^.zzzz
\5% preferred : (quar.) .^..i.z'z.zzzzzzzzizz
11-30
12-
30c
,
EXtra
12-27
z
Register
National Discount
10-23
12-16
'Fibres
15-2R
i2y2c
.
:,j,"
12-14
12-15
31.50
preferred (quar.)
National* Dairy Products Corp.—
Increased;'' ';quar.
11- 1
12-16
Extra
.
4Vi%
::
11-29
12-20
12-12
wt
;z.__
National Container Corp., common
National Cylinder Gas, common
11-20
z
>
i
11-
12-
7
2
11-18
$1.75
12-14
11-25
13%o
12-
2
11-20
10c
1-
2
12-14
1- 2
12-14
12-18
12-10
12-18
.
«
2
12-14
12-
12-10
•$15c
11-30
50O
■
$1.12 %
(quar.)
r
;
National Hosiery. Mills, Ltd*—
7Class
; A
(quar.).i._z..z..z^.M^.lM.^.M.z.W
National Lead Company— ;
7% preferred A (quar.) _zzzz.z~..z^zzzz
National
Co.
(increased
Consolidated
McEwen,
Kaiser
Newspapers,
Standard
Tea
11-12
12-2
11-12
12- 4
12-10
11-39
:12- 3
12-24
70c
12-24
10c
12-24
11-15
45C
12-10
11-25
$10
12-20
17-29
..,750
12- 2
4V*%
•
12-
Quarterly
Merrimac
Hat,
11-30
12-15
11-30
500
12- 2
11-
500
12-16
11-29
$3.50
12-16
11-29
,tt
V. <^
(.'4 ' •' ,
a;,a;.
*Estimated distributions.
..r ii.iTiiiT
.
1111.
New
Bedford
Cbrdage, common......^M_.z
11-20
New England
12- 2
Non-assented $3 preferred
Jersey Zinc (year-end)
Netf Method Lauridry Co.—
(s-a)
Limb
Co.,
common
.
10-31
11-30
12-
2
12-
2
New
256
12-
11-22
12- 2
11-
I-* 2
11^
12-15
20o
(quar.)
1-15'
12- 1
Co.—
...._^zz—-z
&
9
11-
9
1-
Alcohol
:
Gas
(quar.)
Distilling
&
Extra
11-15
11-20
12- 2
11-15
11-
'
12-
1
11-
12-
1
11-
$1.06%
12-
1
11-8
62 W
1-
2
12-15
Automobile
8
^<7
■
,z.
$1.27%
11-
6
11-25
11-
6
11-25
II-
6
$1.75
11-25
11-
6
10c
11-25
11-
6
30c
11-25
11-
6
24c
11-25
11-
80c
11-25
11-
6
10c
11-25
11-
6
2c
11-25
11-
6
7c
11-25
11-
6
10c
11-25
11-
8
series_zzz.zzzz.-^z_-.
..^.zzzzz-.z-zzzz.z'
sbries; :^^«zkzzzzzzzzzzzz;z»z
Aviation
series
Extra
Bank
■yV'
Z
Stock
Extra
Extra
—
-_zz-z
ZZZZ.
series
..•_Z___'Z_ZZ-ZZZ'_ZZZZ
i
-
_—_—z--—zzz-z.—zzzzzz—
Building
;> -; y
;
Supply
■
series.z.z—zz—zzz-zz—z
z—-Z.'Z-.*
11- 8
11-25
18c
-z.
11-15
12- 1
Corp.—
180
Extra
2
12-
50c
'
...........
11-15
12-10
$1.83
V
12-15
1-2-47
Ne# York Stocks, Inc.—
Agricultural series
25C
—
Electric
9
11-
2
$3.25
12-
506
*
State
11-
2
12-
$21
8Vz%
preferred
(accum.)
Ne# York Air Brake
z.....zz._—
12-16
preferred
12- 2
12-
p t1
12-16
York
50C
26c
(initial)..
(accum.)'
12-16
5.10%
11-30
11-30
50c
____.z_z-—
New
llr29
$1
Transportation
preferred
2
12-15
$3.50
,
'.."Common- class- .B—"z-zz_:zzzz.zz'z..zz..
1%
9
12-15
206
2
'60 b
j
11-10
v
Extra
12-16
$5oy4b
12-11
12- 2
12-
$$1.00%'
rT:
(s-a)
•
12-
15c
(quar.)zzz.zzzz.
pfd.
•
$1.50
11-20
2
2'
$1.75
20c
150
—__z_
5%
• *•,/
—
11-15
12j/20
2
::;/.Y%'-P)'eferi'cd:'zzz.-i.zz»zwzzzzzzzzzzzzzzNeisner Brothers, new com. (initial quar.).
11-15
11-30
12-
Company
zz.zzz._zzz.z;
Nazareth Cement CO., common.._.zz_z.iz^
:7%■ preferred (s-tf)__-z_.-----_*_z_z-zzz
Nebraska Power Co., 6% preferred
2
11-30
1-
50c
Group' sefl#s.—.—zzz—z.-z-zz-.z
2
tsoc
(initial)
preferred
11-30
12-15
*2c
Selected
12-
43 %0
-
...
8%
12-15
*76
)
12-16
•16b
.
11-15
12- 2
--250
(quar.)..
(quar.)...
Miners
1- 2
11-30
40c
preferred (quar.) ———zz_
&
250
25 c
:
t
,
85C
;~
Merchants
256
20c
'
^^z
Co^
(incfeas6d quar.)..
17-15
93% 6";;
.zz-z-z-z
>21
<quar.)____z.z_zzz-z
Co.,
National Trust Funds-;v.
Preferred* stock series
Stock*aeries z-'________z_._.___zzzz._i_.
11-16
71-22
71-15
1-31
$1.50
Co.
com.
10-31
2
40c
£xtr^ ^z...zzz..............z.z—.z.zzz
National Terminals Corp.z—_zz_.
.z.z^.
11-12
1- 2
•>
--«•
National
12-
$1.12%
Products
.dividend
National
$2.40
(quar.)
Meadvillb Telephone
Oil
(quar.)
Natomas
(quar.)
Publisfiing
2nd preferred
Stock
Insurance
Corp., com. (quar.).
(quar.) z^.t-;4zz--zzzzzzz'
National Pumps Corp.—
6%
prior preferred (quar.)
11-15
25b
z
...
Extra
National
11-22
IZViO
z.zzzcz«ziz»
$2
preferred
11-22
2Va%
quar.)_z
pfd.
common
i
12-10
25<!
—zz._—v
preferred
4Va %
;
12-10
25c
cash—
Ltd
Oil,
;
Accident
$150
Service
73-2
50c
•
(Special)—
(quar.)
1%
&
26c
Mines, Ltd._zz.-_z
Co.
Life
National Linen
25c
13%c
---z-zz-zzzzzzzz--zz.z.
Electric
9
Fund—
or
'■
1
12 Vi c
12-i 3
12-3
11-16
investors Trust
Mebd Corporation,
11-27
/_
1
1-
Co.,
City Lines,
preferred (initial
$4
,
11-16
- Extraf:'..z.-z.-zzzr^..
Maytag Company (resumed)
$4
12- 4
30c
2
'
4
$1.25
z___
11-
11-30
Products.zz-zzzzziizz.z(quar.)__zzzzzzz—
common
Extrft^;
11-29
12-
1
^
12- 6
6
12-
11-39
Mclntyre Porcupine Mines
11-15
12-12
11-39
1-
1-
Automotive
National
$35c
McKesson' # Robbihs, Ine., cbmmoh (quar.)
12-13
12-20
50c
5%
Drug
12-31
11-29
$$1.25
$$1.40
Co.
National
VzC
$3c
(quar.).
com.
McGrath-Stv" Paul,- common
306 preferred
(initial)
11-20
(quar,)i^^
convertible preferred A
(quar.)
(increased quar.)
Extra—
,
71-39
12-10
11-22
1
(initial)
Casket
11-22
11-12
11-15
?
9
12-19
50c
<
;
ti>
30b
HMVi
12-20 sr
$1.25
....
(quar.)
Piston Ring
Cash
9
12-20
McCbrd; Corporation (resumed)
11-29
.1
■
Water
2
9
12-20
1-i
_._.z
A
National
1
25c
z.z.zz'zz.'zz'z.z.-zz.'
Magnesium
McGraw-Hill
;
112-
.
Company (quar.).37y»o
37 y2o-
Chemical
12-
$3
;
—
McColl-Frontenac
11-29
93Y4C
_...z
class
12-
40c
<$3.40 preferred (Initial <$uar.r—.z—
May,
12- 2
12-
5*
12-16
$1.50
.zzzzzzzzzzz
—z_
McCiatchy
Service.'common
(quar.)
(quar.)__z_zz.i
■i
11-
.12-21
1- 2
May Department Stores, common
$3.75 preferred (quar.).
12-14
75e
7
11-25
Corp.
Year-end
12-14
25c
1-
25c
(quar.)
—z_^
Payable fn
11-15*
(year-end)'
Chair
11-30
Massachusetts
11-15
12-31
r
$15c
Natiqnal Biscuit Cm, commonzzzz
.M7% preferred '■ (quar.)zz-.z—zzzzzzzzzi^ ■:
National By-Products, Inc.
(extra).
31-25
11-13
12-31
12- 2
1-2-47
12-10
12- 1
12- 2
12- *2
8
$250
,
(Gia C.)
Mutual
11- 5*
32-15
Master
.
11-15
1- 4Y.
Mining
National1 Gypsum
zzz—
Massachusetts Investors Second
11-15
35c
12- 2
40c
12- 9
$i.25
11-
25c
Matfichewan
22VoC
■."
Fuel
Muskegon
11-29
11-15
,__z
11-15
$30o
$$1.50
5*
12- 2
12-16
11-13
(quar.)
2
12- 2
$43 y40
National-
II-
2
12 Vic
12- 2
common.......^
11J
12-
$1.25
$25c
....z.
B (quar.)
$4* preferred C (accum.
$2
11-15
12- 1
40'c
;
com.
5*
12-
ii'
75c
1
2
lb
Oil
Murphy
11- 9
11-29*
(increased$1
Joy Manufacturing
.
Company
Masonite Corporation
9
12- 2
12- 2
■■■
•12-
25c
6-% preferred (quar.)
Nash-Kelvinator Corp.
11-30
12- 5
"
12-31-
30c
■„,;>
r
20c
20c
Marine
Industries, Ltd.—
.......
11-29
11-29
Muskegon Motor Specialties—
88c
-
11-15
12-16
60c
$4 preferred
>
11-25
25c
Marconi1 International Marine Communica¬
tions, Ltd.— '
:
Aihericarf deposit receipts (interim) z——_
11-23
$1.75
:z—.....
12-12
$46
12-20
12-16
lc
,
256
■
12-16
12-20
9
11-15
$1.75
—
Manhattan Shirt Co. (quar.).-zzz.zzzzzzzzzz
"1
Extra
zzz.-z—-Z—-z-zz-.-zz—.
10-15
400
Supply, common (quar.)__z
$5 preferred (Guar.)
Jantzen Knitting Mills, 5% pfd. A
(quar.).
Jewel Tea Co. (quar.)
$4.50
_z_z—
Extra
(quar.)
Quarterly
11-15
z——•
>■'
Co.—
,
11-
1
11-20
20c
■
2
12- 1
12-
11-27
$1.25
Supply.....
,.__zz_zz±—-z
Mountain Producers Corp.
(s-a)
Muncie Water
Works, 8% preferred (quar.)
Munsingwear, Inc., new common (initial) _.z
Munson Line, Inc., $4 preferred A
(quar.).z
11-20*
11-30
11-25
12-12
12%c
(irreg.)^.
Corporation (quar.)
Corporation (quar.)
Diablo
Mountain
11- 9
Copper __z
zz-zz-zz
z
Magnavdx Company
zz——zzz_zz—z
Mahon
(R. C.) Company.zzzzzz——z—_
Majestic1 Radio &' Television Corp.zz.
5Vi% convertible'preferred (s-a)z—zzz—
Mallory (P. R.) &'Co., Inc. (quar.).—z——
11-26
50c
(accum.).
Extra
v.
11-20
62Vic
11-
11-25
11-30
12-12
■
11-20
i
!
12-16
$1'.50
Magma
12-
11-30
11-30
3
80c
11-30
75c
(quar.)
Power & Paper Co.j
Macwhyte
12-
12-12
12-12
zzz—$60c
Mackintbsh-Hemphill
i&£§er Ma'cfelne-'•
i
Consolidated..^———
Ltdk- (quar.)zz—
IQ- 4
$37Vic
li:-30
$1.25
25c
(quar.)—..z
(quar.)——_
Inc.—
$1.50 participating preferred——.-—
ItM Fireman
Manufacturing Co.—
Katz
M.
12-12'
:
Publications,
11-29
(quar.)
33.75 -preferred
'
&
Mines,
12-
.Investment Foundation, Ltd.—
i.
6% convertible preferred (quar.)..
,■.
& M.
Wheel
Mount
206
Steel
Co.
(resumed)
Lynchburg & Abingdon Telephone (s-a).z..
Lyon' Metal Products
(quar.) zzz_.zzzz_z—
12-
—
Company,
Co.
&> Sales
t25c
(year-ehid)
Machines (quar.).
Cigar Machinery Co
.Interstate Natural Gas
,Intertype .Corooration
.i
RR.
1.
Co.
prior preferred
&
Nashville
Manufacturing
MacFadden
International Textbook Co.
(frreg.)
.International Utilities Corm (qua*.;
^ones
&
Mctor
11-30
12-
6
1-
_...^....z.-....ziZzvzz-
preferred.
11-30
20c
-__Z'
12-10
6
12-
-
35c'
.....
25c
<
12-
U50
y Year-end
•
szzzzzzz-zz
40c
12-
1-15
....
•.
Cementr—
z—- —z.__
Louisville
1st
11-12
12-12
$2
'15c
t% 1st preferred (quar.)...
Lorillard (P.) Co., 1% pfd. (quar.)...
^Commoh
(year-end)
s
12-10
11-12
2
$12y2c
(quar.)——z—
12-20
Co.—
Cbrporation, Ltd., nommon (quaf.)zz
Extra • z.z..4z.z—z^z:—^zLzzzzzzzz
n6M preferred A (quar.) _.„.__z__z.-zz_z.
7% preferred B' (guar.)...,
-..a.-zz—
Morgan (J. P.) & Company (quar.)__..z..
Morris Plan Insurance
Society (quar.)
t
%
12-
$25c
(quar.).
5o
4
11-15
12-20
c
.
& Taylbr,
50C
International Nickel Co. of Canada.....
International Petrblefum Co.. Ltd
1
lAternational Products Corp.
(increased).."
International Silver Co.
&
preferred
11-
12-14
9C
-
1-
•'
11-12
$12y2c
preferred
11-15
_-_l_-_z_---.zzz*z;
^
Corp^'
11-15
12-14
Moore
11-12
$25c
8%
Co.
$1.10
12-10'
11-22
3-10
$1
.2-24
56c
12-10
11-22
60( 3-10-47 2-24-47
1—
Co., Ltd., class A (quar.)
Pipe Co.,
Line
7% '• 2nd preferred-..-
Murphy
;
Star Gas Co.
(quar.)
Long-Bell Lumber Co (Md.>, com. A (accum.)
Long-Bell Lumber Cp. (Mb.) (year-end)....
11-19
2:
12- 2
12-12
"
Lone-
$1,06%
12-
25c
(quaf.)'.
—:
Extra
5%
11-12
12- 2
87Vic
-
12-14
.
15c
Finance
(resumed)—
—z.——
45C
-:<4C
-
Mills
(initial)'
:
11-23
2
50c
Lukens
4Vz% preferred (quar.)
Johnson
B
12-14
12-
50c
;
12-31*
12- 2
4
11-23
Co.—
LOblbw Groceterias
11-12
12-
11-
(20c
'35o
(annual).
1-14
(s-a)
(quar.)
Refrigeration & Storage—»
Motor
quar.).—
common
si
preferred
Montreal
Vr Common
.
37 Vic
Lobiaw
11-16:
31J/4C
6
1
7%
..
2*
50c
Special guaranteed (quar.)——.
—z—;
Special guaranteed (quar.)—z.z.zzJwszLw
Groceterias. Inc. rquar.)
6
11-2Q
:
Co.,
Jamaica
Miami RR.
$1.23
preferred (quar.)...International Metal
Common*,
...
Original capital
Original capital
11-25
12-19
12-
12- 2
(quar.)
1
Liquid Carbonic Corp.,
Lines) —
7%
Public
(increased
3%
Euucationaf
4;
z
$1.75
luternatfonaf
Iowa
Company
Corporation
11-15
11-' 1
Brewery/
50c
11-15
10c
li-20
$1
;—
II-30
Oil
1-15
(quar.)
(quar.)
A
...v......
Lionel
12- 1
...
Year-end
i
12-10
Business
«
Extra
Lion
1-15
II- 9
5
37V2C
11-15
12- 2
1
12-
12-16
$1
12-27
12-
12-
11-15
2
common (quar,)..^z;
;
5%
preferred (quar.)
Montreal Cottons, Ltd.,
11- 9
256
12-27
40c
11-20
1
12-
12- 2
V"
Carpet
12- 2
25c
_
J2-21
12-
75o
.w
1-15
12-14
11-30
i;-31
$1
..z...
1-15
I-15
11-15
11-27
40c
zii.i.
i2- a
12-14
2
$1.75
(quar.)
common
11-15
12-
$1
prior preferred (quar.).
Link-Belt Company (quar.;)——...—i_z_
1-20
11-$9
12-15
25c
7%
37 Vic
_.
(quar.).
t $3.50 preferred (accum.)
international Harvester
.
11-20
$75c
Co.
Ihternational
International
Interstate
11-20
50c
Co., Ltd. <s-a)_
Steel
Corp.,-
25c
•
12-21
250
...
_i—ii
9UC
(increased)
...
L 5%
Extra
11-27
__
25<j
8id participating preferred (quar.)
Deposit receipts ordinary shares
Oil
Cbmmoh
Lincoln Service
93 %c
(quar.)
common
Industrial Silica, 6Vi% preferred
Ijn^ersoll-Rand Co.. (quar.)
fe.
12- 2
12- 2
40c
conv. partic. preferred (quar.)
Ihdliana Stebl Products
(frreg.)
Industrial Rayon Corp.
(quar.)
■
1-21
11-15
Ltd.
(quar.)
Monarch- Knitting Co.,
Ltd., com. (irreg.)
5%
preference
(quar.)
Monarch; Machine ; Tool...
Moneia Porcupine Mines, Ltd. (interim; z—z
Monsanto Chemical Oo
.•zzzzw-zzzzz..1
Montana-Dakota
Utilities^ common-zz.—z-
11-29
.*3
—
J$T.50
-
12-17
I-31
Mohawk
75c
...
11-20
2
12-10
_____zz_z_............__.____u.__
Molsons
25o
i
i
Extra
imperial Tobacco of Canada, Ltd.
imperial Varnish & Color, Ltd.—
Ihlahd
11-19
12-27
s
2
12-
>$1.50
z
Utilities Co., common (quar.)
5% preferred (quar.)
Modern Containers Ltd., class A
(initial)
25c
...
iii.i
i
Extra
•
11- 1
(interim)
,
11-29
12-
4% guaranteed j(s-a)
Ifiihbis Municipal Water, '6%
pfd. (quar.)..
imperial Chemical Industries, Lid.—
V Extra
11-14
$1.25
& Door Co.—
"4% preferred
/quar.)...
Illindis Central RR. Co. (Leased
Common
12- 2
i
B
12-
35c
V 25c
Missouri
30c
5
12-21
12-13
$1.18%
•
Service
12-;
3
(quar.)
(year-end)
common
Pipe
11-29
2
12-27
1-
(s-a)
Public
1-
2
$5C
(quar.)z.zz
Class B
$186
v.
Co.
Extra
Class
Co.,-
Missouri-Kansas
1
$50c:
$$1
.
II-14
12-27
Huttig Sash
,
I
12-15
(N. Y.)—
Car
preferred
lifcfl&rial
11-
1- 2
12-20
*zz_;
Motor
American
11-30
11-29
Hudson Pulp & Paper, 5%
pid. A (quar.)
Hufnble Oil & Refining Co.
(increased)
Hummel-Ross Fibre, 6% preferred
(quar.;..
Hufttington Water, 6% preferred (quar.)
7%
11-30
II-
'11-1'
Missouri
12-
11-15
12- 2
12- 2
12- 2'
12-
Salt
3.20%
;
Mission
f40c
$$1.75
50c
12-16
20c
,
Mission
31J/46
12-15*
$1.06 V*
(initial)
11-15
Co.,* 5% conv. pfd. (quar.)
(quar.)
Lexington Water Co., 7% preferred (quar.).
Life Savers Corp.
(year-end)
ii.—
Liggett & Myers Tobacco, common (quar.)
Leslie
50C
...
Increased
25c
Leland Electric
2
12-13
50c
Minnesota
$1
12-
15C
--
12-10
97 %o
(quar.)
convertible, preferred A (quar.)
Mining & Manufacturing
Appliance Corp
Corporation
'
$1.25
(extra)
Navigation
12-20
Common
1-15
11-12
;
Tire
&
12-
$1.75
J.
Minneapolis-Honeywell Regulator
12-23
_i——
ulttle
preferred (quar.)
Hudson Bay Mining &
Smelting Co., Ltd.—
-
8s
A
2c
——
Coal
Class
12-13
62V2C
lOo
Rubber
9
12-10
:
$1.50
-
Co,
Oil
preferred
11-15
11-20
2
35c
Participating
Ltd.—
Co.,
(M.
12-13,*
25C
4V\ %
Hudson
Paper
Products
milejr Manufacturing,
9
11-
50c
_$1,75
•
&
1- 2
$$3 50
Houston Lighting & Power
Extra"
&
3Vi% preferred
(quar.):
Little Long Lac Gold
(quar.)
preferred
Power
11-
,l5o
12-16
10c
.
8%
Food
__zz___z__
^
Midwest
M
$1.50
..—z
Mines, Ltd.
new common
Howard Stores Corp.,
.
(irreg.)—-w*
Lee
...
5% preferred (quar.)
Household Finance Corp.,
_
6-10
37 Vic
;
Horn & Hgrdart Co.
V ^$06
$1.12V2
50c
iquar.)..
30C
__z__z.
(quar.)
preferred
11-19'
f
(qunr.)..
Hoover Company,
-
12-10
25c
Extra
.3%%
12-27
25c
;
Holt Renfrew & C6., Ltd./% prexerred (accum.)
$4.25
11-15*
15C
_zz_
,__z
(Charles
11-19
,$1
25c
(quar.)
Hobart
Hooker
11-25
15C
(quar.)
Lumber
Honolulu
11-30
50c
preferred
(Edward)
class
12-21'
87 %C
(initial quar.)
40c
-
1-2
12-10
15c
common
—.
Sessions, $2.50 preferred (quar.)
H.), Inc., common
Lane Bryant/ Inc., new common
(quar.)—*
Lane-Wells Company (quar.)
Lanston Monotype Machine (quar.)
Lawyers Title Insurance. 6% Pid. (s-a)
Le Tourneau (R. G.),
Inc., com. (quar.)—..
$4. preferred
(quar.)
Lee (H. D.)
Company (quar.)
5
250
____
4%
91
12-
50c
(quar.)
_
Hipes
Extra
12-21
50c
..a.-
common
11-15
.ii
(quar.)
Lakey Foundry & Machine
34%c
;
Corp.,
256
preferred
30c
(quar.)
Extra.
(quar.)—..—.z
z
50c
........
Hotels,
Mires
1- 2
12-15
bfe
Lehigh
preferred
Mid-Continental Petroleum
^ ■ $1 -prior. preferred1
—..z.
25c
5%%
Mickelberry's
11-19
(quar.).—.
ii
Lamston
50c 6-27-47
'. 3 Vi % preferred A (quar.)
Hibbard, Spencer & Bartlefct & Co. (monthly)
.
Lamson
12-2*
50C
quar.)
1..
Chemical
Hilton
12-21
2
50C
(year-end)
Extra '
t
1- 2
1-
25c
.
(initial
corp.
Mining Co
Hendry (Ct J.) Co.,
Heyden
I-* 6
75c
Hecla
Hercules
11-3Q
11-12
1-20
Glass Co.—
common
Hbi<ine
12- 2
$1
(irreg.)
_z—
Extra
$1.25
!
America
of
12-11
$1.25
(quar.)
11-15;
Lake: Shore Mines,. Ltd. (quar.).——
Lake Superior District
Power, com. (quar.).
15c
•_
Co.
11-13
11-13
$1:.
(quar.)
Hastings Manufacturing
Hawaiian
11-30
11-39
John
Quarterly
25C
(quar.)
Har'tman" Tobacco—
$4 prior preferred common
$3 non-gum. preferred
V
87%b
(quar.)
Harnlschfeger Corporation, common
5%
preferred (quar.)
,5% 2nd preferred (quar.)
<
Lake' St.
2%
$1.50
com.
11-25
12- 2
12-
81l/4C
.
Canada, Ltd. (initial)
zzz—
Michigan Consol. Gas., 4%%. pfd. (quar.)..
Michigan Public Service Co. (increased quar.)
Michigan Steel Tube Products (resumed)__z
stockholders'
'
Holders
Payable of Rec.
$1.62%
(quar.)
of
2'
x
^
Co.
2
—
preferred
Mica
12-14
—
lfy
jy
3%
7%
preferred
(quar.)
s._
zzzz
Harina (M.„Ai)
Company, com. (year-end)1_
Refractories,
12-10'
12 -
....
com.
preferred
12-
preferred. (quar.)
VW 2nd preferred ^quar.)——zz
Kut Kwick Tool Corp
La France Industries, 6% pid.
(aecum.)-iii
Laclede
Christy Clay Products..—
Lake of the Woods Milling
Co., Ltd.—
Common
(increased quar.) ——
25c
A (stock dividend payable in A stock)
Class B (stock dividend
payable ,in A stock)
Hanley (James) Company, common (quar.).
Harbison-Walker
6%
preferred
11-25
12-23
Corporation,
(quar.)
Metals Disintegrating
s,
Metropolitan Edison; 3.90preferred (quar.)
Metropolitan Paving Brick
(initial)
12-16
12-26
7%
12-23
preferred
Company,-
1st
15
*.
j Class
4V2%
(quar.)
z_z
Corp., $3.25 partic. pfd. (quar.)
Thermit
12-23
to
common
Extra- z—-liiiizA.——
-_zzz
Extra
3;
35c '
:
$r Company._zzii.ziii.__.z-
12-28
$1.12 J/a
11-30
1-
12-16
—.......z
(Sv: H.)
12-14
1.
12-16
300^
12-14
1-2
H-29
&
-40c
Extra
-
Metal
25c
*
preferred A
Metal Textile
11-20
IQc
When
Share
—-...z—150
(quar.)
(subject
$1
iv .250
$1.0614
'
,
..zzzw
A
'
25c'
-
6Vz%
12-14f
1
12-
20c
-
250
•
.___zzz__z_
B
8
(quar.)
Calif., class
dividend
12- 2
1- 2
Company
Merritt-Chapman & Scott—
12-10
p
30c
;
Per
Name of
11-30
12-16
25o
Co., commdhw..wz.z.~zz
Koehring- Company (quar.).....^
Kresge {3. S.) Company (quar.)
11-11
2
preferred
25c
_
Co., commonzz—zz__zz
(quar.).
,
Hancock
12-21
2Vac
,
Holders
Payable of Rec.
$4
approval^
.
Kressr
~
preferred
4%% preferred" (quar.)
Hammond Instrument Co.
Company..
Industries, common.^.-x
preferred (quar.)
Mill
Stock
,
ll-ltt
12- 2
$22y2o
...
60d
11-15
$15c
Hamilton
4V4%
&
Oil
convertible
Knudsen Creamery
11-14
75c
25C
Cotton Co., Ltd.
(quar.)
Manufacturing Co.—
Preferential
participating
(quar.)
Hamilton Watch Co"., common (quar.)
4% convertible preferred (quar.)
Share
——
11-15
1-2
Co.
Paper
11-15
12-10
Stores, inc. (quar.)..,_z
Mines, Ltd;, (year-end)
Hammermill
11-18
; 250
iiairttitou
"
12- %
$1.50
Hale "Brothers
Hajlnor
'
"
„
1Q0>
——
Corporation
1
'
King-Seeley Corp., common
convertible,, preferred (quar.)
Kingston .Products Corp. (s-a)
Kinney (G. R.) Co., Inc., common
Klein* (D«,.Emil) Cc;
/(quarV)zzzzzzz-t^w^zz
.Stock dividend
_
—
Hajoba
'
CbW^ahy ;; 800
(Julius)
$1.20
-.
Kilburn
Griggs Cooper & Co. (quar.)
Group No. 1 Oil Corp.*
Group No. 2 Oil Corp
Grumman Aircraft - Engineering-zzzzz;zz.iz<z
Gul# Oil Corporation (quar.)
zz_z_z__z
Special
Gulf Power Co., $6 preferred (quar.)
Hackensack
Name of Company
11-20
(guar.),
,
'
2
9;
12-
Northern Ry. Co., preferred
zzzzzu
Green Mountain Power,- $6 pfd. (accum. )__
com
Whtii
Payable of Rec.
7 400
Great
Griesedieck-Western Brewery,
5%-% convertible preferred
6%'% convertible preferred
2731 ?
ii
z-zzzzzzzzz-zz_zzzzzz
J
6
>
.
Vi'"'
j——■
1
,
' ■
■
V
..
.
■
■■■■■
■■■■
:>■
....
V
:
.
■
•.
lr.
"Name of Company
Name
New
of Company
Share
-S+ocks^ Inc -—(Continued);
York
Holder§.
When
11-25
11- 6
9C
11-25
11- 6
11-25
11-
—2—.
'
—
19c
Extra
.
—
Diversified
w
Extra
70c
feries..
Equipment
Extra
."
K11-25
$1.87
11-25
11-
5c
11-25
11- 6
.11-25
11- 6
2c
;
11-25
11- 6
:!t
Stock
Extra
11-25
11- 6
preferred A (quar.)
Public Electric Light, 6% pfd. (accum.)...
Public Service Co. of Colorado—
6%
preferred
(monthly)
7%
preferred
(monthly)
5%
preferred (quar.)
Public Service Co. of Indiana, common
3%%
preferied (quar.)
Public Service Corp. of New Jersey—
8% preferred
(quar.)
7%
preferred (quar.)
$5 preferred (quar.)
6%
preferred (monthly)
Public Service Electric & Gas—
$5 preferred (quar.)
7%
preferred (quar.)
Purex Corp., Ltd.
(extra)
Purity Bakeries Corporation (quar.)
—
series
——-
—_
Machinery series
pUf; Extra
Metal
11-25
1111-
6
$1.89
11-25
11- 6
8c
11-25
11-
6
11-25
11-
6
Series
Oil series
14c
—
Railroad
—
11-
6
11-25
11-
6
11- 6
6
series
—i--.
Tobacco
11-25
11- 8
11*25
11-
6
18c
11-25
11-
6
lie
11-25
11-
6
11-25
11-
6
12c
series—.-^—-
'
■
•Extravu--——
•
11-25
52c
—
Equipment
Extra
Steel
-.-V
-
-
Extra/ i
Railroad
■
11- 6
——
—
series
11-
11-25
70
-
-
11-25
74c
«
Utility series
Extra'.-
11-25
10c
4c
Extra
Public
27c
series
10c
11-
12- 2
11-15
87%c
A 50c
'
.
8C
11-25
11- 6
Extra
35c
12-10
11-26
Putnam
25c
12-10
11-26
Newmont Mining Corporation .(quar.)—
Newport News Shipbuilding & Dry Dock-
37 %c
12-16
11-29
12-
2
11-15
Quaker Oats Company, 698 preferred (quar.)
Quaker State Oil Refining, common (quar.)
Newport Water, preferred (liquidating)
Niagara Lower Arch Bridge, Ltd. (quar.)—
$24.16
i50c
12-10
11-30
Quebec Power Company
$50c
12-10
11-30
Rand's
$$1
12-14
11-15
—
Extra
——
(J. j.)
(increased quar.)
Co.
—.....
———
r-vA'Extra
Vj.
Noranda. Mines, Ltd.—
Norfolk & Western Railway
North
American Car
Extra
.
$2
..
.
,
Co.
'
„
.
50C
—
(quar.)
(quar.)
convertible
12-10
11-14
30c
preferred (quar.)
(stock dividend)—
12-10
12-10
11-29
50c
1
1-
12-20
North American Co.
One
share
North
of Pacific Gas & Electric
for
mon
each
Central
North
Oil
Texas
Pennsylvania
Riv«*
Nortn
Northwest
Co.
Co.
com¬
1-
+;
1%
preferred
ii
6%
preferred
11-25
11- 9
11-19
12- 2
11-19
15c
12-10
Corporation,
,
11-15
$$I,S0
■
,, „,
12- 2
11-15
(initial)«
15c
12-
7
11-27
15c
12-16
12- 2
Rice
10c
12- 2
11-25
Richfield
$25c
1- 2
11-30
Oak
7%
,
preferred
Ohio
;
(quar.)
Oxl Company
Extra
t$1.75
—;
-
Ohio
Power
Ohio
12- 2
11-14
12-14
11-14
Service
4%% preferred (quar.)
Holding Corp. (year-end)—.
Corporation
(irreg.)—
Oliver
$1.12%
Natural
£tock-
Ontario
$3.60
~
preferred
Ox
Brush
Fibre
8
11- 8
7
11-29
ii-
50c
11-25
11-15
(s-a)
t$3
12- 2
11- 1
12-10
12-
20c
12-11
11-30
$1
12-10
12-1
11-15
11-25
U«4
25c }■:
11-27
11-21
Oxford
Paper
$1.75
Oxford
Radio
100
12-23
40c
12-
2
12-
2
11-15
12-14
11-29
Co., $5 Drefererence (accum.)
Corporation (initial)
Machinery Co. (initial).
Package
Pacific Lumber Co.
Panhandle Eastern
common
I_.
4%
preferred (quar.)_.__
Paramount Pictures, Inc, (increased
quar.)
Pipeline,
62%c
15
Parker
Pen
Parker
Rust-Proof
Company
A.'.
(year-end)-
Paton
Paul
preferred
(Peter)
Cement
Peninsular
12- 6
12-
II-29
11-15
11-25
new
2
12-
1
11-20
12-
7
11- 7
12-
4
11-14
12-
4
11-14
t20c
,12-16
11-30
12-16
11-30
25c
(accum.).__
12-
11-18
11-15
12-
2
11-15
1-1
12-14
50c
_
(quar")
A
$i.io
12-
92%c
Exchange
National
Bank
vA (n.. Y.). (s-a)i..,
Pennsylvania State Water, 7% pfd. (quar.).
Pennsylvania Sugar Co.. 5%
preferred
Peoples Gas Light Si Coke (quar.)
A
.
*
12-
Shellmar
12-20
Telephone, 4'/2% preferred
$1
Perfex Corporation, 4%%
pfd,/quar.,$1.12%
Perkin3 Machine Si Gear, 7% pfd.
(quar.).
$1.75
Permutit
Company
(quar.)
15c
2
1
11-20
12-21
12-13
12-21
12-13
$1.50
Brewing
12-
12-
Dreference
common'
32- 6
12-23
12-
50c
12-5
12-10'
12-31
11-29
25c
12-31
11-29
Philadelphia Suburban Transportation—
■
•:
Quarterly
:'a
*
$3.65
Philhrx
.
1- Vj
'
preferred
r «»troleun>
Water,
Co.
(Initial)
com.
91 %c
f t-3n
deposit receipts
,re»'^tered linterim)
Pltney-Bowes
Extra
12-16
Ordinary.
1- 2
preferred
-
.
■.
Extra
3%%
a
10-16
12%c
11-30
11-
ioc
11-30
11- 9
$1.50
12* 2
11-15
9
& Lake Erie RR.—
(s-a)
Pittsburgh Coke & Chemical—
$5 convertible preferred (quar.)
Pittsburgh & Lake Erie RR. Co. (reduced).
.Pitteburgh Steel- Co.— /-.A
5%%
prior preferred (accum.)
-Pittsburgh Youngstown & Ashtabula Ry.—»
a
7% preferred (quar.)
$1.25
.
12-16
11-26
$1.12%
1- 2
12-12
*25c
11-25
10-18
Telephone Bond & Share Co.—
7% 1st preferred (accum.)
Teiluride Power, 6%
2nd pfd. (s-a)
Tennessee Corp.
—.
50c
11-25
11-15
i
" 250
11-25
593/ac
12-31
12- 2
$1.50
12-16
11-20
11-25
12- 2
n
$1.75
12- 2
12- 2
50c
12- 9
.
11-30
.
A
common
New
;
Bend
common
(initial
11- 2
11-15.
12-14
11-21
12-16
A12- 2
11-16
11-15
.-
.
:—-
Associated
,
I,' |'|
Extra
.
11-12
12-10
;
30c
$30
25 ft
$1.12%
iquar.)
Inc.
12- 2
t$l
$6
r
.
50c
^
-
-12-28 j.11-25
";1- 2 -12.-20.'''
Commorr";(initial25c
:A"5"% ;preferred^(quar.l^^A^^^wi.«.-.i. /
62%c
Southeastern Greyhound Lines—
r.ll-20
11-20
•
H"?*
12-14
11-22
1- 2
12- I
T2-2L
tll-20
12- 1 ' 11-20
13%C '"12-20
12-10_
$1
12-10
11-25
Unexcelled Chemical Corp. (resumed)^ 25c
12-3 ,;li-30 .
Union Asbestos & Rubber (qu*r.)_—
•* 17V2C
1* 2 ' 12-10
Union Bag & Paper (quar.) -iw—• *'
25d < ;|2-14 v -12- 6
5%96-; preferred
Underwood
11-15
A
11-29
11-25
:
*2-13
Tl-30
11-30
11-15
11-15
11-25
-11-2^
Jj.1-13
rHx
11-30
T2-. 5.
12-15
-
11-3^
.1- 1
.12-15
15c
11-25
^
25c t.; 12-10
30c
12-24
(year-end)-
preferred (quar.) ———$1.50- .
Troy & Greenbush RR. Association (s-a) —
$1.75
Tudor City, 9th unit 6% preferred (accum.)
$1
Twin City
Rapid Transit, com. (resumed)
$1
5% convertible prior preferred (quar.^-ar;'
62'/2C
Tywr Fixture, 1 %• preferred A-i—.
*,
3oc
ogl
nreferred B
£ -"■ .v-,.::?- '■■ ■'- 40c *
11-30 *
12-16
1-30
Tri-Continental Corp., common
50©
-
12-15
50c
11-16*
$1.50
,11-25
12-16
11- 1
12- 5
n2
■
12- 2
l1"*2
12-2 : 11-12
12-14
12-31
,,
12- 2
,12-31
15c
12-16
50c /12- 5
35c
12- 2
—*
Bearing
preferred (monthly).
—
—
preferred (monthly)—
Traders Building Assn. Ltd. (quar.)
Trade Company.- 6% oreferiedj
Transue & Williams Steel Forging Corp.—
11-8
12-2
12-27
25c
10c
.—
)'
j.
12- 2
31%c
1-9
12- 2
12- 2
598
11- 8
12-10
11-27
11-27
11-12
11-8
A
-He
12- 2
11- 9
12- 2
11- 9
19~12
11-29
11-30
11-1&
12-12
25c /
$1.75
50c
6%
$1/'
2
25c
Oil
nil';;'-'
-_L—
Roller
,
Brewing Co. (irreg;)
Toklan Royalty Corp. (extra)-i?*1!
Toledo Edison Co., 7% preferred (monthly).
* 58%c
12- 2
11- 1
12-17
i'i
Tilo Roofing Co.,
11-15
12- 2
11- 8»
25c
— —
Tlvoll
12-2
11- 8*
2
b. "H>
12-14
11-26
12-15 -1 11-30
$1.90
3c
.
-i
—
-
11-12
11-29
25c
^
South Carolina Electric & Gas—-••-•••/
:'b
Timken
f
11-15
Water
Extra
11-30
-
quar.).;
Tide
*,
12- 2
20c
J;;40c
*~
Hi
12- 1
Oil & Land CO.—10c
Thermatomic Carbon Co.—
$5 preferred (s-a)
——
——
$2.50
Thompson Products. Inc., com. (year-end)
$1.25
4% preferred (quar.)——.......
$1
11-2
(quarO——87 %c
Lathe Works—
;»
11-15
11-15
11-29
-
Haute Water Works,
12- 2
(qua,r.)^
—
preferred
.
■
11-23
11-20
11-15
3
3
1
10-31
10-31
11-15/
Texon
11-16
11-18
12-15
15c
62%C;
,:
11-18
11-18
11-18
11-30
ll-30.
25c
-
~
7% pfd. (quar.)Texas Pacific Coal & Oil (s-a)_—
Texas Pacific Land Trust—
.
;
£
Sub /shares
(increased)
Certificates of prep, interest
(increased)
Texas Public Service I Del. ) t quar *—
,
Tex-O-Kan Flour Mills, 4%% pfd. (quar.)-
11-15
1 11-18
11-18
12- 9
12- 9
Incorporated
-
Extra
Terre
,
12-16
I2rl«
•
12- 9
12-9
.50©
$1
—
Hv?/
$1.37%
1- 2
$1
11-15
:■
11-15
11-15
11-23
10-31
12-10
11-22
£
10c
Common
Extra
>.;■
12- 2
$3c
50c
(quar.)
4
Tampax,
12121211-
$3c
(quar.)
Corp.
11-30
<
,
.
12-10
11-30
10c
40c
•
(quar.)—
12-11
,
■.
_—
com.
11-15
■■
12- 2
11-29
12-16
12- 9
1- 1
12-23
11-11
12-10
2- 5
10c
bearer
Common
Ltd.,
12- 1
-
South
,
-
(quar.)
Co.
(quar.)
Mines,
30c
■
$20c
25c
25c
15c
$1.75
10c
10c
5c
37%c
11-18
10-31
12- 5
f
50c
Gold
It- 1
Oil Co. (extra)
!____
Solar Aircraft Company, common (quar.)__
Sonotone Corporation—
$1.25 convertible preferred A (quar.)....
Soundview Pulp Co.—■
Common
(Increased quar.)—!'—'—
A—
6 %
preferred (quar.)
.
12-
11- 8
preferred
International
11-15
Socony-Vacuum
r,%
...
..
Pittsburgh Bessemer
Co.-.-.-.
Smith (Alexander) & Sons,
.
for
12-10
Silknlt, Ltd., 5-% preferred (quar.)
$50c
(Franklin)* & Co.—(See Franklin Simon)— • >
Simon (H.) & Sons, Ltd., common (quar.)_
$30c
5% preferred
(quar.)
$$1.25
Simon (Wm.) Brewery (quar.)
2c
Simonds Saw & Steel (year-end)
$1.40
8impsons, Ltd., 4%% preferred (quar.)
$$1.12%
Sioux City Gas & Elec. (quar.)
•
40c
A
$3.90 -preferred (quar.)
97%e
Sixth fi^ Broadway Building Co.—
- Participating, certificates
—75c
11-13
1-15
Sylvanite
12- 2
Skelly/ Oil
12-A
12-2
$1
2nd
4%
Swift
12- 2
^
12- 2
12-20
2-15
(quar.)
15c
——
$1.50
25c
31 %c
Super-Cold Corporation (quar.)
Superior Tool & Die Co. (quar.)
Swan-Finch Oil Corp., 9% preferred (quar.)
12- 2
——$1
~———
12-20
11-18
11-29
la- 1
12-16
(quar.)
*2nc
(quar.)
10-31
12-20
1-1-47
11-29
Corporation
25c
preferred
11-20
1-1-47
12%c
47i>c
10c
Ltd., ciass A
Sunshine Mining Co.
1-17*
11- 2
11- 2
25c
12%c
Corp
Company
1-15
,
12- 2
25c
Wells Corporation, com.
(quar.).
preferred
(quar.)
—
Stuart (D. A.) Oil Co., Ltd.—
Class A participating preferred
(quar.)—
Oil
z
5%
(initial)
common
Strawbridge & Clothier—
6% prior preferred A (quar.)
11-8
—
l
40c
quar.)
(increased" quar.)
..._
11-
Pen
11-21
;
J 1-1.9*
11-12*
! 50c
_i.
(increased
American
11-15
:
12- 2
preferred
(quar.)
•*
/Plncn.u: Johnson Co., Ltd.—
6%
2
»»uc
I
11-15
2
12-
,...w
*
(auar.)
12-
20c
common__I3
"(quar.)
Hosiery Co.
-Pillsbury Mills, Inc.,
$4
12- 2
25c
Suburban
•Phoenix
-
25C
Extra
Philadelphia
Stratford
12-14
Simon
11-27
30c
(quar.)
>
6
on
$10c
Signal Royalties -Co., class A ,{quar;)——.
Signode • Steel Strapping, common (quar.).*
11-20
40c
>
12-23
2?c
(Charles)• & Co., Inc. (quar.)"I~~
Phelps Dodge Corp.^.„
;
Philadelphia Electric Co., common
—
dividend!
(stock
Camp
Syracuse Transit
5%
25c
Extra
•Pfizer
'■
-
Stowed Screw Co.,
Investment
.
2
1-31
12- 2
25c
25c
(s-a)
—-
12-10
25c
Class R (quay.) js—i
Extra
2
16%C
:
/
12-1
(quar.)
Extra.
11-21
12- 2
Extra
2Rc
(quar.)
Shops (nuar.)
Corp.
(initial)
4%%
Corp.
dividend
25c
Co., 4% pfd. (quar.)
Signal Oil & Gas, class A (quar.)
11-30
12-
Extra"i:,-■ s-H j50
Pfaudl.r Co., 6%
preferred (final)
$31%c
partic. pref.
Products,
37%c
—
quar.)
preferred
(quar.)
Storkline Furniture
(quar.)
11-21
...
Common
12-
a
12- 1
Sherwin-Williams
1-15
(initial
5%
11-18
(quar.)
,
12-31
"
$j
Peoples
$1
11-12
2
•
11- 9
11-15
11-14
12- 9
(initial)—
Sunray Oil Corporation, common
4%% preferred (initial)
$l9c
Incorporated, common (resumed)—
$4.50 preferred
(quar.)
Shawinigan Water & Power Co. (quar.)
Sheaffer
(W. A.) Pen Co. (quar.)
ExtraI--——-*
—,———
12-10
11-27
12- 2
11-30
12-18
12-20
1
(quar.)
•
1
12- 2
25c
50c
15c
50c
11-30*
1
Servel,
11- 1
11-
12-31
12- 2
12-14
12-30
2-
B.)*^Inc. ;(quar.)
(R.
12-14
12-13
£
12-
(quar.)..
Service
11-30
1-11
45c
Sun
91%c
Candy
12-20
$175
;
Semler
.
12%c
;
Seismograph
12-12
75c
(increased)—
Products
12-23
1-15
45c
-.-.——
(Laurav
$15©
(quar.)
A
$1
Stokeiy-Van
Co.—
International
class
—
75c
(Del.)
Co.
Trust, Ltd., 4%
11-21
1
Co.
Canadian
Secord
2-5-47
12-1
:,
40c
■
Second
4-1-47 3-15-47
25c 2-15-47
25c
12- 9
—
Oil
Roebuck
Extra
2
2
50o
Pennsylvania
Pfeiifer
11-20
1212-
25c
(quar.)
common
Corporation
(resumed)
Pe»n«v|Vn«^ Electric, 4.40% pfd. B
3.7%
preferred C (quar.)
;v-
Sears
$2
Pennroad
(irreg,)
Seaboard
tlOc
75c
12%c
12- 2;
1-10
1-10
12-20
11-39
—
Studebaker
85C
Scytes & Co., Ltd., common
;
5% preferred (quar.)
Ltd.,
Stewart-Warner
12-23
J$l.50
(initial),.
11-15
12-10
2- 1
2- 1
1-10
12-12
Inc.—
(quar.)
Common
„
pfd.
11-22
60c
Sterling Motor Truck, new com.
Stern
Brothers
(year-end)
Stevens (J. P.) & Company—
1-15
J25c
17%C
$3.65
11-12
5c
—
$1.25
4quar.)
Manufacturing.
12-31
11-12
12- 2
Sterling Brewers, Inc. (s-a)
Sterling Drug, Inc. (quar.)
11-12
(quar.)
common
11-29
1-15
11-27
Year-end
-
11-15
12-16
;
Cash
11-15
75c
class B
Aluminum
Extra
11-11
25c
;
Extra
12- 2
(accurm)
11-15
11-29
93%c
Struthers
Mills, Ltd.—
12-12
12-16
11-15
11-11
sale
the
Year-end
Sterling
$1.50
(quar.)__
preferred
Pcovlll
10c
^
*
1
preferred
Paper Co.,
$3.40
>
$3c
•
;,,v,'j Common (quar.)
81 preferred (quar.)
Common
70c
Scott
$15c
*
preferred
preferred
(accum.).
San-Nap-Pak Manufacturing
11-20
1
(quar.)
com.
A
Lawrence Paper
Sterchi
11-22
12-23
12-17
1- 2
$1.25
$$1.06
CO
6%
from
& Company (extra)
Brothers Stores (quar.)
1- 2
$1
(quar.)__
received
(A.)
12-10
11-25
25c
pfd.
8c
25c
(s-a)
Jersey)
Co
Tube Co.,
B
12-20
11-20
*11-16
25c
Stoker
12-10
11-11
11-30
12- 4
*12-4
12- 4
50c
$1
6%
12-
Corp
Telephone,
St.
t-5c
common
class
4%
•
6
12-
,
Peabody Coal Co., 6% preferred
.Peck Stow & Wilcox Co,
Peerless
12-16
12-27
25c
tquar.).^
Company,
I- 2
12-27
62 %c
Joseph Water,
Class
Stein
—-
2%
(New
funds
Brock,
Stanley
12- 2
50c
$1
65c
25c
Co.
of
11-15
.
11-28
12-16
12-10
12-10
12-12
12-12
37%c
(quar.)
Quarterly
12-10
11-22
...
Ltd., 4%%
Lead
10-31
dividend
Standard
11-15
preferred (quar.)
St. Lawrence Corp., Ltd.-—
$1,06%
.
Power.
Joseph
St.
$35c
„
Manufacturing Co., Ltd.,
7%
v
.
Saguenay
12- 1
1- 2
12- 2
40c
20c
preferred A (quar.)
Steel Spring, common
50c
Shops
St.
50c
.
Extra
12-10
25c
Parkersburg Rig & Reel, common (quar.)
84.25 preferred
(guar.)-Parmour Porcupine
Mines (interim)
Pato Consol. Gold
Dredging, Ltd. (interim.)—-
11-15
60c
'
ZTZIZ
(quar.)_
Co.
1
$1
A;
Extra>
12-
12- 1
$$1.25
62 %c
(quar.)
Standard Wholesale Pnuspnate <k Aeiu Worits,
11-15
11-14
1-1
12-10
12-15
of
Oil
Standard
11-15
Safety Car Heating & Lighting
Safeway Stores, common (quar.)
5%
preferred (quar.)
11-20
$1
Saco-Lowell
3%%
Standard
12-10
11-16
25c
preferred (quar.)
Aeronautical Co.
(quar.)
Sabine Royalty Corporation (resumed)
11-15
Pipe Line
Standard Oil Co. (Ohio), common
12-13
12-13
12- 2
$1.12%
10c
4% %
12- 2
Portland
of
11-26
11-22
11-15
11-15
12- 1
40c
(quar.)
-
out
Paid
11-15
*
12-16
12- 6
Extra
12-16
12-2
1- 2
1- 2
12-15
12-20
12- 2
12- 1
12- 2
87%c
$1.01'A
California
Oil
12-10
11-15
12- 1
pfd. F (quar.)
(quar.)
Ryan
11-30
90C
(monthly)—.—
(quar.)
11-15
12-16
u
Co., Ltd.—
Oil of Indiana
Standard
12-10
Corp. (quar.)
Electric, 4%
Oil
Extra
1
40c i'i
&
Co.
9
-25c
(initial)..:—
Manufacturing___
Marine
7
11-
33%%
Orobeum "^uilding Co.
(increased s-a)
Oswego Falls Corporation (year-end)
Otter Tail Power Co. (Minn.), common
Outboard
11-
12-
50c
—
Manufacturing Co.
& Quebec Ry. Co.
Ontario
2
Gas—
dividend
Ranch Oil Co.
12-16
(quar.)
Extra
11-10
"
12-10
12-
$5
—
Oklahoma
,.T.!,
Co.,
(quar.)—
preferred
Standard
stock
1- 2
11-23
40c
-
Standard
12- 9
1- 1
12-16
12- 2
12- 2
12-17
12-19
12- 5
—
(quar.)
Dredging, $1.60 conv. pfd.
Standard Forgings Corp. (quar.)___
12-9
12-9
90c
25c
$1.12%
11-29
12-20
/
20c
common
Standard
11-15
12-20
Corp.,
preferred
5%
11-30
11-26
$1.12%
30c
12V2C
12%c
12- 9
93c
86 %c
Standard-Coosa-Thatcher
12-14
1- 1
1- 2
1-2
1-2
lc
20c
$1
Rockwood & Co., common
20c
5% preferred A (quar.).
—
$1.25
5% prior preference
(quar.)
$1.25
Roll and Paper Co., Ltd., 6% pfd. (quar.)__ $$1.06%
Roos Brothers, Inc.
(quar.)
50c
Roxy Theatre, $1.50 preferred (quar.)
37 %c
Royal Crown Bottling, 5% pfd. (quar.)
12%c
Royalite Oil Company, Ltd. (s-a)
$50c
Ruppert; (Jacob),
common.
25c
10-28
12-14
50C
—
preferred
4%%
25c 1
—
(s-a)
50c
87%c
35c
5%
Rochester Gas &
com.
12-14
12-14
dividend
Manufacturing Co. (quar.).^^
;
Ober'man & Company (initial)Ogilvie Flour Mills, Ltd., common (quar.)—
new
t$l "
Brands
Standard Chemical
11-18
(quar.)
preferred
(quar.)
Republic Insurance Co. (Texas) (quar.)
Republic Petroleum Co., common urreg.,)—
Reymer & Brothers, Inc. (quar.)
Reynolds (R. J.) Tobacco, 3.b% pid. (quar.)
Rheem Manufacturing Co., common (quar.)
Ltd.-
-
Co.
$4.50
a
11-15
12-10
(quar.)_
Bit
11-30
11-27
1-15'
11-291
25c
$1
30c
Insurance
convertible
$1.60
11-21
11-18
12- 2
12-23
12-14
12-12
2- 1
12- 9
.
11-19
11-19
11-16*
45c
preferred (initial quar.)
preferred
Standard Cap & Seal—
11-18
12-12
12- 2
Grain,
Stock
12- 2
$1.50
Nova Scotia Light & Power,
6%
preferred (guar.)
■
3
11-20
25C
Nu-Enamel
12- 1
12- 2
12- 2
12-10
$1.12%
$4.50
12- 2
50c
30c
20c
25c
12-16
$1.37%
$1.37%
(quar.)
(quar.)
Accident
12- 6
* A «
12-6
*" <
70c
preferred
11-30
Iz-iO
v
$1.50
pfd.
$3.50
10-18
12-16
J
(quar.)
preferred
12-20
10c
4l)C
"
,
Extra
11-29
quar.)
Ltd., 6%% pfd. (quar.)—
Reliance Insurance
(Phila.)
(s-a)
—
Reliance Manufacturing 00. (in.) —
3%% convertible preferred (quar.)
Remington Rand Inc., common
5
12-
12-17
$1,75
;
Co.
12-14
1I-2d
2%c
25c
(Pittsburgh)—
(initial quar.)
common
Reliance
*
(quar.)
(quar.)
Pharmacal
12-
12-10
40C
Service—
Extra
.
12-17
$1
Bancorporation
Public
3
30c
(quar.).
.
12-
2
25c
(quar.)
Y.f
30c
t2oc
11-15:
Investors,
Inc
& Bros. is-a>
Standard
11- 1
11-29
10c
Roller"
Reed
held
(N.
11-30
12-14
Extra
(year-end) _j
RR.
insurance
Northwestern
Norwich
shares
100
$1.50
1-13'
12- 1
Extra
$3.75
12- 2
(quar.)
Ray-O-Vac Company (quar.)
Reading Company—
4%
non-cum.
1st preferred
Reed-Prentice Corp. (quar.)
11-29
80c
-
-
-
12-14
1-15
50c
quar.)
IA. U.)
Standard
11-18
35c
Extra
$2.50
-
Corp., common
.
12- 2
Year-end
New
11-15
Fund of Boston—
(Tne George)
(Dallas)—
Spencer Kellogg St Sons (quar.) __________
Spiegel, Incorporate©—
$4.50 convertible preferred (quar.)
Squibb (E. R.) & Sons, common
$4 preferred
(quar.)
Staley (A. E.) Mfg., common
11-30
ll-30»
11-18
11-18
12- 2
11-15
11-15
12- If
11-30
11-30*
•
' O''
35c
convertible
6%
11-15
11-15
11-15
12- 2
50c
(increased)
com.
Spear & Company, $5.50 1st
$5.50 2nd preferred (quar.)
11-15
12-31
12-31
Co.,
12-16
12-16
-.12-16/-:
15c
12-15
$1.06%
12-15
50c
(quar.)
Insurance
Sparks-Withington Co.—
M
" $1.25$1.75
40c
Gas
Life
(increased
Sovereign
apaichiife
'
12-14
12-14
Union
12- 2 "
12- 2
75c
$1.25
...
(quar.)
Co., common (quar.)
preferred (quar.)_
Iron Roofing
preferred
Common
11-15
12-14
12-14,
$2
$1.75
$1.25
11-20
MW^
11-15
r
250 \
11-15'
b
* 'v,'■ JMm
$$1.50
1-15
12-20
——
Quarterly
lj-*f
1
26%©
„
12-15'
Southwestern Public Service Co.—
W'W
«
12- 1
12- 1
45c
States
Southwestern
11-15
41%CiA 12- 2
$1-30
11--6
Newberry
•
50c
non-cum.
4%%
12-12
$1.50
1- 1
12-2
«
11-15
12-1*
'
37%©
Power—
Southern
1
25
Extra
5%
Southern
11-28
11-18
5?!f?c
If
When Holdere
Payable of Rec*
$1.12%
Southern Railway
11-20
12- 2
12- 2
56%c
•
—————————————
12-1
75c
70c
•
f
I
v-aa
'
participating preferred
6%
■
13%c
Canada
Southern
12-20
■
4%%
6
11-25
-
(quar.)
Common
11- 6
11-25
15C
-
I
series
Extra "
•"
6
64c
-
—
—
Extra
■
8c
11- 6
4c
;
Merchandising
11-15
11-22
1-15
-
preferred (quar.)
4%:: preferred (quar.)
J3.-J5
$75c
»
i i
Per
Share
v.*-***
•«.
<
4%%
11-15
12- 2
Pressed Steel Car Co.—
71c
-
series
Bond
'0rA Extra fei———
'Insurance
6
50c
Extra
Government
I#/'
6
11-
10c
'J. Food series
b'b
11-
11-25
: 12- 1
25c
$1.37%A
6%
'
-
«•
,
6%. B preferred. (guar.)
Southern California Water—
11-15
12- 1-
$1.50 f 12- 2
t20c
12-31
——~———————————
Electric Power, 5%% pfd. (quar.)
preferred (quar.)—
Power Corp. of Canada, common (interim) —
6% 1st preferred (quar.)
6%
non-cum. partic.
preferred (quar.)..
Preferred Utilities—
5%% convertible 1st preferred (quar.)..
Prentice-Hall, $3 partic. preferred (quar.)..
Potomac
11- 6
11-25
—
—
—
11-25
8c
730
:
Electrical
;
11- 6
—
B
Class
11- 6
11-25
"'*■
Speculative shares—
37%c
.■
-
i
•
*
preference (quar.)
-
Southern Advance Bag & -Paper— - *
4%%
preferred - - -(guar.)—;. j.
.....
Southern California Edison—-
11-7*
11- 7*
12-20
12-20
2%
25c
■
Company—
&
$1.50 class A
11- 6
11-25
9c
—„■
—
11-25
220
Diversified Investment Fund shares——
y
Poor
6
Payable of Rec.
Share
.
(stock dividend)
Oil Co.
Quarterly
Plymouth
11-6
11-25
60c
Chemical:- series
13c
series
Equipment
'.
(s-a)....——'r:
ltd,
$1,33
Business
>
Name of Company
Payable of Rec.
'
-
1 ■
" ■
"
.
-
..,
JPer
A
TCytra
Corp.
(quar.)
—
(year-end)
—
^
..
.
V.25C ^^12^14
..
11-2Q^
^
jutvic&seu
qUaiMiX'iy
-f-. H,'ynn.':;
>-
i
hl
.y
-''y* .I'";';
:-*;■? ■;
.ii-H'uJ
12- 2
'6O0
:•
hiiit
.)•-£
•.
>'viTi
•
>>"i
•
V
'VWl^
<
tJnion Investment-COi (increased quar.) is.*.
11-14
;v:y.
••
v
v-.i
A--r
m
.
r
-- -
i20Cc ; 12.-^5
.
■'■■;
->y -k^- }:■'■'
■r:1^w-:-1>
'"1
..■.!.■■'■>
5!^v'-"; '.■■■':
r-~
•
v-.',w;'':;L'^'/-'".H
SfV6^.
c
"*V
'V'"*
"' V
*>'. ":
"
n
(THE COMMERCIAL & FINANCIAL CHRONICLE
■
M '«■
Name
■'''':
tJnion
"'■
■
ef Company
'
v
'V;
.
Union
Tank
Unioii
Twist.Drill: Co.
Car
Co.
When
Share
Co. of California—
preferred~A • (guar.)
$3.75
•:.'.'*ii
:
-
Oli
'
■
Payable of Red'
:>' "' ":'
93%C
(quar.)_^»^.
50c
-
12-
——
B
Extra'
Dyewood, 7%
United Electrife Coal
preferred
Cos.
Gas Improvement
United Light & Railways Co.
1%. prior preferred
12-
12-10
preferred
45c
12-16
11-15
.
Gypsum Company,
7%
U.
-
.
4¥2%
.
U.
S.
Lumber
S.
37%o 4-30-47
7-31
1-15
12- 3
1212-
7
12-
7
convertible
6%
convertible
7
12-24 ."■>
,6%
11-25
12-31
York
12-16
1-
2
$5
12-20
(year-end)
Mercantile
30%
Jamaica
income
1
r
deductible
12- 1
11-18
funds,
resident
this
tax
tax.
a
Less
at
the
British
tax.
1-
1- 6
12-12
General
12-
12- 5
11-15
11-27
12- 2
Corporation and
12-16
12-
of
1
11-15
12-15
12-
$1
12- 6
11-25
$1
9
5
50c
12- 2
12- 2
$1.75
12-10
12-
J 10c
12-30
11-29
11-15
12-16
12-
30c
-
12- 1
17c
12- 2
11-15
$1
(quar.)
12- 2
12- 1
1- 2
11-21
division
11-23
properties of
$31¥4C
62¥2c
9
12-17
1-15-47
37¥2c
2-1-47
37¥aC
37%c
(monthly)
8-1-47
7-14-47
12-15
12- 5
12-15
12-
13 ¥4 c
13¥»c
(monthly)—.
Vogt Manufacturing Corp. (year-end)
Vulcan Detinning Co., common
!;,.7% preferred (quar.)
Wabash-Harrison Corp.
Wabasso Cotton, Ltd. (quar.)
Wacker Corporation—
6% class A preferred (s-a)
Waite Amulet Mines, Ltd
Walgreen Company, common (quar.)
$4 preferred (quar.)
Walker (H.) Gooderham & Worts, Ltd.—
30c
12- 2
12-10
1-20
1-10
$1
12-15
1- 2
12-14
$$1
11-30
15c
12- 2
11-15
$25c
12-10
11-
40c
12-12
12-14
11-15
$1
(initial)
t30c
Corp. $3 pfd. (quar.)—
Warren Petroleum Corp. (quar.)
Warren (S. D.)
Company, com. (year-end)
$4.50 preferred
(quar.)
12-16
$1
12-16
75c
20c
12121212-
$1
$1.13
$12
Washington Railway & Electric Co., com
:
Participating units
5%
preferred (s-a)
8
11-15
12-16
50c
(quar.)
'.Extra
Warren (Northam)
11-15
11-12
11-12
2
11-15
11-15*
2
Aug.
29,
2
preferred
COMPLEX
11-18
11-29
12- 2
11-15
$1.50
$1.06%
37¥2c
Wayne Knitting Mills (year-end)
Welch Grape Juice, 4%%
pfd. (quar.)
Non-cum.
Wellman
2nd
preferred
12-16
11-30
12- 2
11-15
11-30
Engineering
Extra
11-15
10c
-
Vfest Indies Sugar Corp.
f
-
FACTORS
*
West
AFFECTING
THE
12-12
Auto
•
Supply
Extra
Co.
12-13
11-29
12-12
11-29
12-14
11-15
12- 2
11-15
$50c
(quar.)
'
75c
$2.25
12- 2
$7
-
Western Maryland Railway—
1st
preferred
12-16
75c
2-15
11-15
,
"
(accum.).
Western Pacific RR.
Co., common
(quar.)—
•-.?
11-30*
~
2- 1
(6)
preferred
Western
(ouar i,
A
Railway
of
*1 oh
_
Alabama
'•
$2.50
preferred (quar.)
Western Utilities, 8%
conv.
■'
5%
Westinghouse
,
Year-end
(quar.)—
.
Brake
Air
—
pfd.
,
15c
25c
—750
.
westinghouse Electric, common (quar.)——
:• 250
7%
participating preferred (quar.)
25c
Weston (George), Ltd., 4¥a% pfd. (quar.)— $$1.12¥2
Weston
Electric
Instrument
(quar.)
,12-IP
11-15
11- 5
12-14 ^ 41-15
12-14-
311-15
.11-30
11-30
12- 2
12- 9
><11-12
• 11-15
40c
40c*' 12- 9*
Extra
Westvaco
-
12-16
12-27
-
11-9
12- 6
12-27
.( Extra••
3
12- 2
Weyerhaeuser Timber C0,~—75c
Whitaker Paper Co. (quar.)—•
,7$1.50:
12-16
Chlorine
Products
11-25
11-25
35c
;;
$2
11-55
<■;
are
•.
.12- 9.
;
•;'
'
11.-27
.
Wilcox & Gibbs Sewing Machine Co.-——
Wilkes-Barre Lace
Manufacturing
Williamsport Water, $6 preferred
Willson
Products, Inc
Wilsil, Ltd. (quar.
...»
$1
12-14
.12- 2
25c
(quar.)—
.
12- 2
been
12-2
12-10
11-12
11-30
12-2
1- 2
,
company
to
Commission
under
Incur
will
organlaztion and
issued
and
outstanding
shares
(b)
will have
a
capital
,
the business of Portland Traction Co. has
Co.
con¬
previously
"V ""'
supplies local electric street railway,
grant.
However,
no
the
City
of
Co.
by
is
and
without
other
franchise
like
of
character
has
Portland
without street
substantial
motor
since its effective date,
railway and trolley coach
coach
competition
abandonment
obsolete
of
all
lines
and
establishment
amendments expire Jan. 31,
and
com¬
within
the
of
new
lines.
19R«
CAPITALIZATION GIVING EFFECT TO PRESENT FINANCING
Authorized
Promissory-notes
»
5% cumul.; conv,
Common
are
',$2,500,000
*
:.
300,000-shs.
legal restrictions
of
on the company's power to issue and
However,.the predit agreement,.relat¬
indebtedness.
ing to the 10-year
loan
which
the Bank of America
N.
T.
&
S.
A.
„
is
committed to make to the company will provide that the
company may
not create any indebtedness, excepting only current bills for
ordinary
business operations, or refund, renew or reissue
any
indebtedness with¬
out;the priorwritten consent of said bank.
•UNDERWRITERS—The respective numbers of shares of the company
stock owned by the respective individual underwriters
and the
re- I'
spective amounts of $4,322,415.90 received by such underwriters from
the company are as follows:
^
-v
>
\
'
.
,
Name of Underwriter—•
First California Company
'
Cost to Be
Allen
&
Co..
Stewart, Scanlon- & Co
Frank Knowlton Sc
M.
Adams
&
Co
■:
$1,472,268.79
315,491.22
262,915.22 "
262,915.22
4,471
2,980
Rauscher, Pierce & Co.——J
Weeden & pp.;;,
E.
Company
41,724
,8,941
7,451
7,451
7,451
5,216
^
—
Rec!d From
Owned
Scherck, Richter Co
' 157,763.25
262,915.22
"
184,051.25
105,151.97
Foster
&
Marshall
2,980
105,151.97
Nelson
Douglass &
2,980
105,151.97
Hannaford
Kaiser
Co
&.Talbot
2,980
& Co.——
;
Wulff, Hansen & Co.__
Atkinson, Jones & Co
i
Blankenship, Gould & Blakely
Camp & Co
Wm.
'
.
J.
Collins
&
105,151,97
105,151.97
-
—
1,490
52,575.99
"
1,490
.52,575.99
*
1,490
52,575.99
52,575.99
—
Co
Daugherty, Cole & Co
1,490
1,490
1,490
—
*
52,575.99
"•
i
1,490
52,575.99
1,490
52,575.99
Fordyce & Co.
Hemphill, Fenton & Campbell
Holt, Robbins & Co
Chas. N. Tripp & Co.
105,151.97
2,980
t 2,980
—
■
<
company's $2,500,000
;
60,000shs..
($1
no
evidences
-
,
pfd. shares ($25 par)
60,000 shs.
par)^-.^—500,000 shs.
shares
•There
sell
*•
"
Outstanding
'
'
the
the
of
Co. and four promissory notes issued by
the aggregate principal amount of $1,000,000
the rate of 3% per annum.-V
'
>.
1
in
the
of
granted
tion,
financing.contemplated
;
initial
Traction
The franchise and
the
Upon completion of the financing now contemplated, company
a $2,500,000 bank loan upon the terms and conditions of
agreement, and a pledge agreement which are-complicated
and highly restrictive and will have Issued and outstanding
60,000
,
;
••
wt'l pledge them to secure
.
pay
Pacific
and
Co.
territory served.
The franchise has been amended by the City Council
from time to time to permit changes in routes and character of
opera¬
(a) The
'loan.
11-15
$1.50
30c
$250
of
Traction
$22,806, to working capital purposes.
131,131
Portland
exclusive
a
capital structure of the operating company (Portland
Traction Co.) consists of one class of no par shares, of which 131,131
shares
are
issued and outstanding,
and $1,000,000 in promissory
notes.
Company owns all of the stock and the notes of the operating
(Stock dividend)—One additional share of
—
stock
*
Portland
-
Certain promoters of the company own or control all of the
(7) The capital structures involved in the
herein include the following complications;
^
$5 par -common stock .on eaclx..outstgn.d*
"share'of $5 par common stock-—
ns'H
Exchange
con¬
electric
trolley coach, and gasoline motor coach service in the City of Port¬
land, Ore., operating under a general franchise granted by the Portland
City Council on Dec. 19, 1935. - The franchise does not constitute an
...
and
A.
at
Traction Co.
Portland Traction
promoters of Portland Transit Co. (the holding
previous experience in the operatipn of urban
systems.
" '
'7
Securities
of
tion of the properties of the Interurban
railway division
owned and operated by Portland Electric Power Co.
any
the
stock
No. of
v
Wilbur-Suchard Chocolate. Co.—.
of
capital
Shares
mon
.>«'-••
1-2-47
$1.25
rule
financing
v..
«
Associates, Inc., at a cost of $20,000, and, by
virtue of their ownership or control of such common stock and their
ownership or possible control of 1,217 preference shares with an aggre¬
gate par value of $30,425 out of 20,000 preference shares outstanding
with an aggregate par value of
$500,000, control approximately 37%
of the voting power of Pacjfic Associates, Inc., and may have effective
control of that corporation in the absence of concerted action
by the
other stockholders of that corporation.
Pacific Associates, Inc. will
control
26%%
of the initial
voting power of'the company, which
might constitute effective control of the company in the absence of
concerted action by the o'ther stockholders of the company.
'Accord¬
ingly, It is possible that, under certain circumstances, said promoters
might have effective control of the company.
1
* 12- 5
12-12
Western Tablet & Stationery—
company of the
com¬
•
*c
the
$400,000 rep¬
ownership and operation of the local transportation sys¬
previously owned and operated by it and the ownership and opera¬
tem
Exchange Act of 1934, providing that no broker or dealer
(hot exempt from the rule) may permit his aggregate indebtedness
to all other persons-to exceed 2,000% of bis net capital.
(5) The promoters are receiving, directly and indirectly, compensa¬
tion, profits and other payments in various ways under the plan of
financing, including a proposed dividend in the sum of $112,500 on the
common shares of the company now owned by them.
'
7%
the
of
(d)
surplus by Pacific
share in respect of
per
$37,218, expenses of acquisition of
$47,422 and expenses (exclusive of underwriting
Since Aug. 29, 1946,
and ndt^fti operating
•
interurban transportation
with
15c
Virginia Coal & Coke__
Westeel Products, Ltd.
(s-a)
Western
12-12
capital
$4
AND
the
of
petition
OFFERING—T^ere
company
"
■
th6
of
S.
'
sisted
Securities
12- 2
25c
West
None
holding
&
&nd bearing interest at
(4) The plan of financing the company is not the promoters' orig¬
inal plan of financing, such original plan having been abandoned after
differences of opinion among the px*omcters.
The substitute plan' of
financing was itself modified to enable certain underwriters to comply
11-15
-
share and
of
to pay said expenses cut of the proceeds of the financing. >
will appropriate the remainder of the proceeds of the
of
Portland
(3) The promoters include all the underwriters, ae well ?$$ ethers..
Co.—
(extra)
common
(2)
a
•
T.
Portland Traction
12- 2
12- 2
50c>'
Portland Transit Co. is
company) has had
or
11-11
$1
Point Manufacturing
(1)
company.
11-11
11-25
$1
-
(s-a)i—
Extra
-New
11-25
45c
(quar.)
—
Wesson Oil & Snowdrift Co., Inc.—
$4 preferred (quar.)
per
company
all
own
stock
of complex factors affecting the offering.
.(Some o£ ;the com¬
plexities involved are as follows:
rtwoqiMPl
11-15
12-2
$6
company's
PROPERTY—Upon completion of the financing,
company's business will be that of a holding company.
As such, it will
number
11-15
$2.50
(cmar.)
at
the
underwrtiers
1946, the company purchased 5,960 of the 131,131 issued
N.
BUSINESS
and Terminal Division."
11-15
$1.25
-
5%
to
several
purchase price of $200,000.
America
The
•
-
the
financing, estimated
11-18
2
of
company,
Aug. 29, 1946, the company borrowed $1,000,000 from the Bank
proposes
1946,
interurban
.
11-29
30c
On
Bank
the
discounts and commissions) of the issuance and sale of
securities esti¬
mated at
$75,805 or an estimated aggregate of $160,444.
Company
the company acquired the properties of
railway division, subject to the doubts as to whether
or not it is necessary to obtain certain authorizations from ~the Inter¬
state Commerce Commission and to the possible necessity of
litigation
if such authorizations are not obtained and immediately sold them to
Portland Traction Co. at cost.
On Aug. 29, 1946, the company also
acquired 5,960 of the 131,131 issued and outstanding shares of Portland
Traction Co,
Subsequently, on Oct. 26, 1946, company acquired the
remaining 125,171 issued and outstanding shares of Portland Traction
Co. from the.several underwriters and Pacific
Associates, Inc., at the
cost of the shares to them, respectively, and subject to their respective
options to repurchase the same if the contemplated financing is not
completed. Company proposes to use certain proceeds of the financing
to pay a temporary bank loan and a
temporary debt to Pacific Asso¬
ciates, Inc., incurred in the acquisition of the 125,171 shares of Port¬
land Traction Co.
Since the respective dates of acquisition of the
131,131 issued and outstanding shares of Portland Traction Co., the
company has acted and intends to continue to act as a holding com¬
pany for said shares.
Portland Traction Co. is to operate the properties
.of the interurban railway division under the name "Portland Railroad
the
11-19
12-20
and
properties estimated at
Electric Power Co., which comprise the operating
interurban electric railway system supplying freight and
between Portland, Ore., and certain neighboring com¬
an
the
to
•
of Portland
munities.
5
$2.50
$1.75
shares
contribution
a
The company has incurred or
business expenses estimated
at
passenger service
5-1-47 4-15-47
(quar.)
make
ciates, Inc., at the cost of said shares to it.
This note is payable on
or before; Nov.
28,; 1946, with interest at the rate of 3% - per annum.
Company proposes to use $394,334 of the proceeds of the financing to
pay the principal of said note.
■
■;
COMPANY—Company was incorporated in Delaware,: Jan. 11, 1946.
Company was organized for the purpose of acquiring all of the 131,131
issued and outstanding shares of the capital stock of Portland Trac¬
tion Co.
(Ore.), which supplies local electric street railway, electric
trolley coach and gasoline motor coach service in Portland, Ore., and
for the purpose of acquiring the properties of the Interurban
railway
1
20c
;
(quar.)—
to
On Oct," 26, 1946, the
company issued to Pacific Associates, Inc., ita,
non-negotiable promissory note in the principal amount of $394,334 to
purchase 11,176 shares of Portland Traction Co. from Pacific Asso¬
Agent, Bank of America, National Trust & Savings Asso¬
ciation, San Francisco, Calif.
Registrar, Central Bank, Oakland, Calif.
11-14
which
annum
itself
•
Transfer
11-15
—
per
On' Oct. 26, 1946, the company borrowed '44,022,416 from the Bank
America, N, T. & S. A. to purchase 113,995 shares, of Portland
Traction Co. from the several underwriters at the cost of said shares
to
them.
This loan is payable on or before Nov.
28, 1946, with interest
at- the rate of 3% per annum.
Company proposes to use $4,022,416 of '
the proceeds of the financing to
pay the principal of said loan.
stock
11-26
12-
25c
3 ¥2%
of
shares of 5% cumulative convertible preferred
(par $25) and 220,000 shares of common stock
(par $1). The preferred stock was offered at $26.50 per
share and the common at $7.50 per share.
12-29
1-
of
committed
the purchase price of the properties
of the Interurban railway division.
This loan is payable on or before
Nov. 29, 1946, with interest at the rate of 3%
per annum.
Company
proposes to use $1,000,000 of the proceeds of the
financing to pay the
principal of said loan.
Portland (Ore.) Transit Co.—Stocks Offered—A
syn¬
dicate headed by First California Co. on Nov. 13 offered
2
12- 1
25c
rate
has
A.
200,000 common
total
On
60,000
75c
S.
outstanding shares
for a
(Continued from page 2696)
11-15
25c
of
and
11-12
75c
the
at
&
Accordingly, the total proceeds to the
templated herein will be $5,800,009.
;
1
25c
FINANCING—
$600,000,
tax.
Investment News
11-27
12-16
25c
T.
,
8
$1.55
N.
On Aug; 29.
11-18
OF
$6 per share.
or
Non¬
source.
income
PROCEEDS
the 100,000 common shares now held
by them which (with the payment
of $200,000 already received as
aforesaid) will bring the net cash pro¬
ceeds to the company from the issuance and sale
thereof of
dividend.
7%.
OF
(b) $1,500,000 representing the net cash proceeds to the
company from
the issuance and sale of 60.000 preferred
shares, (c) $1,200,000 repre¬
senting the net cash proceeds to the company from the issuance and
12-14
12- 9
Canadian
15%;
for
11-15
1
in
tax
closed
APPLICATION
payment date, the company will receive $5,600,000 as fol$2,500,000 representing the principal of a
10-year loan
bearing interest
America
%
sale
$Payable
resident
not
are^
f;
(a)
Associates
Canadian non-residents'
U7¥2c
(quar.)
Mills
tax.
AND
'
the
lows:
12- a
•Transfer books
75c
common
On
75c
tPayable in U. 8. funds, less 15%
10-14
$1
B
New
writers.
11-23
12-10
SOURCES
11-23
11-30*
$2
62 ¥20
Virginia Coal & Iron (quar.)
Virginia Dare Ltd., 5% preferred (quar.)
Virginian Railway, common (quar.)
6% preferred (quar.)
Wamsutta
6
12-6
'V
.
the
of
■
Company has received $200,000 in respect of 2,000 shares (no par) is¬
sued by it *to First California Co. and Pacific
Associates, Inc.
Upon
subsequent reclassification of the company's shares, these 2,000 shares
(no par) became 100,000 common
shares, of which 47,160 are now held
by Pacific Associates and 52,840 are now held by the several under¬
t
12-20
.
•
since June, 1945 in the number of pas¬
carried by the urban transportation system .n each month
compared with the corresponding month of the previous year.
as
resenting
11-15
100%
Hotel
c;
war-swollen population
sengers
Institution—
*
11-18
Class
12-
20c
_
12-14
1
75c
Ventures, Ltd. ^ (s-a)
Verney Corporation
(quar.)
Viceroy Manufacturing Co., Ltd.
75c
50c
cooperative
xLess
4
11-
1- 1
12-
37%c
—
Quarterly
3
100%
-
area served.
The possible decline of the
..ri -
v(d) The actual decrease
12-26
12-14
50c
$1.50
preferred
preferred
Zeigler Coal & Coke
11-15
12-
■
-
s
(quar,)......—.
Corporation
Extra
11-20
12-13
m^-r.r-TT-ir-::
,
Youngstown Sheet & Tube, common (quar.)
11-20
12- 2
40c
.
Vapor Car Heating Co., Inc.—
7%
preferred
(quar.)
•
12-10
22¥2c
(irreg.)
(c)
served.
7-21
r
namely
controlled
or
,
4-19
37¥2c
150
12-16
-
mums
com.
•
,
'
1-21
(quar.)
(quar.)
common
Yellow Cab Company—
6% convertible preferred
712-
25c
owned
are
transactions.
$f||: population of the
12-20
1-31
2
11-
A
11-25
1-1-47
12-16
1-
(Wm.), Jr., common (monthly)
(monthly)
(monthly) ———
11-16
1- 2
12- 9
class
11-15
2
shares
common
The high ratio of privately-owned passenger automobiles to the
"
(anw
New
12- 2
•
12-10
preferred
2
1-
(b)
U-15
50c
Knitting Co. (quar.)
Valspar Corporation
(initial)
Van Raalte Company (year-end)
Vanadium-Alloys Steel
6%
12-
v
'
12-1
$1
Visking Corp.,
11-15
$5
shares at the par value
thereoi,
common
respect to
certain
11-15
1
$4c
Wurlitzer (Rudolph) .(quar.
Yarg Producing & Refining (liquidating)
Yellow Cab Co. (San Francisco)— :
$
$2
preferred
1
12-
12-27
4
25c
Utica
6%
n2-
equal number of
The business of the operating company (Portland Traction Com¬
is or may be affected adversely by a number 0;
iacio.s, ineluding:
■
'
•
:
'
*
(a) The failure to obtain authorization of the ICC with
11-30 Vl
13c
11-
12* 2
12«f 2
.
1- 2
dividend)
company.
Paciiic Associates, Inc. itself
outstanding 20,000 6.5% cumulative preference
value of $500,000 having 66%% of its
(8)
11-15
20c
12-16
12-16
12-16
Wrigley
*
(stock
the
of
and
aggregate par
pany)
1-20
12- 2
(stock dividend)
Co.
7
12-1
50c
Aeronautical Corp. (reduced)—.
Wright-Hargreaves Mines
(reduced)
an
12-20
$1.75
Co.
Chemical
12-
Wright
the
$1 per share.
The 20,000
|||i:by the promoters of the
11-9
$2.50
—
(initial)
issued
of
;
12-24
2
50c
(s-a)
12-
3%
pfd. (s-a)
have
1
11-20
$1.25
$1.06¥4
(irreg.)
1st preferred (quar.)
Corporation, common
Universal Products Co. (year-end)
United Steel Corp., Ltd
United Stockyards
Corp.
(year-end)
Universal Consolidated Oil Co. (year-end)
Universal Insurance
Co.
(quar.)
Universal Laboratories, Inc.—
Quarterly
Upper Michigan Power & Light—
$3 preferred (quar.)
Upson Company (s-a)
Vick
Common
1-16
4uo
2
non-cum.
Utah
,$50o:
1-2-47
Steel
S.
:12-24
2-1-47
50c
Rubber Company
Extra
8%
1-10
1
25c.
25c
S.
U.
11-19
$25o
Co
voting
purchase
of Canada, Ltd. (quar.)
Manufacturing
initial
the initial voting
of
voting power and 20,000 common shares of the aggregate
par value of
$20,000 having 33V3% of its voting power.
Upon redemption c,x the
>,>, preference shares, the holders thereof will have the right to
,-
12- 5
250
(quar.)*_.
common
Printing & Lithograph,
preferred (quar.)
5%
U.
11-16
25c
prior preferred
without
100%
-
,
3IV4O
Common
$39
Extra
U.
12-
1
t
Common
22¥2c
.
A
(quar.)
J.), common
(initial s-a)
;
Plywood Corp.
>
12-16
-v;
(Scranton) (liquidating).
U. S. Pipe & Foundry (quar.)
U. S. Playing Card (quar.)
U. S.
11-30
6-16-47
(N.
U. S. Potash Co.
11-20
12-31 £
3-17-47
'
.
(quar.)
preferred
12-1
$50Q
2
class
non-cum.
11-20
1-
$1.02
;
(quar.)
Lines Co.
5%
11-27
68c
Machinery, common
S. Leather Co.—
S.
1
7-1-47
10%
Hoffir.in
4%
U.
12-
100
31 ¥40
,
shares
:
promoters
shares
4-1-47
$1
preferred
will
11-15
(F.
Worumbo
the
of
11-18 V
12-31
(quar.)——
(quar.)
Co.
W.) Co. (quar.)
Woolworth (F. W.) Co., Ltd., 6%
12-16
93%c
(accum.)
preferred
S.
4'/2%
11-25
12-16
>4
preferred
shares having
common
common
,s>;
$50c
$1.25
Extra
U.
Wooiworth
11-15
2
5
convertible
•
<
(c Upon completion of the
financing contemplated, 80,000
shares of the company having 26%%
of the initial voting
power of the company will be owned by Pacific Associates Inc., one
,
12-16
$1 25
convertible preferred
United States Graphite Co
S.
1-
12-13
11-18
••
12-16
.
12- 2
20c
$4
U.
1-2
50c
convertible preferred
(s-a)
Finishing Co., prior pfd. (accum.)
S.
11-15
-1- 2
12- 2
11-20
12-
cumulative
power.
$$2.50
-
preferred
Governor
Wool Combing Corp,
Extra1
l
1
1-1.;
75c
(initial)
(s-a)
Machinery
convertible
12-
.12-
20c
(year-end)j.-—,-- '
common
5%
A';power and 300,000
•
11-20
$1.25
preferred
(accum.)—
U. S. Casualty Co.— -'
<
11-30
12- 2
-
11-20
12-16 V
(quar.)_
-
$2.75
U.
12-10
53c
53c
50c
(quar.)
5%
Woodward
l
'
preferred
Newspaper
12-
$1.06%
—
*
6
68%c
58%c
(quar.)
United Molasses, Ltd.
(interim)
United Public Utilities, $3
pfd.
<.
>,
(quar.)_—-
Holders
payable of Rec.
30c
\ 62¥aC
-
25c
——
*
Corp., com—
5% convertible preferred (quar.)
Woods Manufacturing Co., Ltd. (quar.)—
WoodaU Industries, Inc.—
1
11-22
_
(quar.)
preferred
non-cum.
Wood
10-31
12-31
5%
:
11-14
11-30
Co.,
preferred
Share
,
(s-a)-!
Inc., common
Wilson-Jones Company
Winnipeg Electric Co.,
,
11-15
12- 2
&
$4.25
11*15
65c
6% prior preferred
(monthly).
United Merchants & Manufacturers
preferred
11-30
*11-30.
I
(quar.)
6.36%
prior preferred
(monthly)
6% prior preferred (monthly)
5%
11-15
,,,
(irreg.)————
preferred
Wilson
■
,
„
(monthly)
5%
11*15
$25c
(accum.)
7%" prior preferred (monthly)^.
6.36%
prior preferred
(monthly)
5%
11-15
11-30
$50o
,„
(quar.)
United
11-15
11-30
5%
12-20
$1.75
25c
„
.
United Corporations, Ltd., class B
United
2
2
25c
,
United Biscuit Co, of America
11-20
12-
*50c
•
-
Name of Company
Wilson Brothers,1 common
;
12-27
-
$1.25
$50c
125c
Class
'
(quar.)
v>.'
12-10
50c
>
&
(quar.)
United Aircraft Corp., 5% conv.
pfd.
United Amusement Ltd., class A
'1J
■' >"
1
.
1,490
52,575.99
52,575.99
•-
credit
Totals
-
113,995
-
$4,022,415.90 *
»v.;
•PRO-FORMA SUMMARY OF EARNINGS :
$9,199,286
5,235,681
4,652,257
1.493,265
1,276,568
390,250
1,376,672
802,051
733,462
634,970
351,295
658,323
741,624
Net
—1-
earnings
income
-
$660,709
75,815
Interest, &c.
$2,Q00,720
0,272
9,876
$2,008,992
Income
:'(i-♦Portland
22,673
1,146,804
1,190,603
$422,109
,
$714,030
$688,003
interurban
INCLUDES
$561,690
Operating
revenues
Operating
revenue
383,937
332,569
Porto
income
taxes-—
24,577
34,757
reserve
accruals.
38,813
$119,094
2,881
$156,053
2,340
$121,975
Retirement
Utility
Other
operating
income
'£ Gross
Net
deductions
income
164,
agreement
Trust
Proceeds
Net
between
and National Bank of
dated Dec. 1, 1942,
company
will be used
jl-
^
""
\
■
1,025,3.39
159,639
I--
—
295,332
$491,570. $7,464,690
$640,753
36,073
revenues—
Other Inc. deducts, (net)
^67
•
1981
'
.
i
...
Balance
—
was
proceeds
-
share,
per
the
on
Nov.
same
15,-r-V.
Dec.
on
record
164,
as
p.
the
20.
in
$3,711,298
at
1728.
extra of $1
'
V
of
above.—V. 163, p. 231.
share.
a
Proceeds will
'•
The
company
for
be
Reliance
Nov.
on
filed
20
a
=
registration
statement with the
•
certain
added
17.-500
a
shares
at price based
working .capitaLr-ry. 164,
employees
to
letter of notification with the ;6EC
($5 par) common, to be sold to
on
market price. Proceeds will be
which
is
EFFECT
series due
PRESENT
TO
1981
:
'•
f.
over
20,000.
.•
Company
•
.
will
*
.
.
use
-/<
•
its
of
Rex Mining Cf)., Carson
The company on Nov.
3,4 filed
now
'
-
with
Period End.
\
!
Sept. 30—
Operating
revenues
Uncollectible oper.
rev._
: '
671,513
" 405
600,225
379
for
upon
amount' of
all
located
and
at
north
1,540,478
7,439,631
14,414,336
1,593,181
60,249
1945
1946
10,131
8,181,198
t4,542,604
14,860,636
1,324^868
computed
are
the
are
result
the
Safe
Harbor
Harbor,
Pa.,
on
the
of
combining
interest
for
basis
on
of
old
company
of
its firs.t mortgage 4%
on
-
-
-
charges.'
net income
(a)
SAL
bonds
and expenses
prior
Leon S.
or
Co.
„dpwn through "total income"—attributable
Aug. 1, 1946, but accounted for subsequent
to
of
the
prior
Dure,
its trustee in
properties
to
1,
Aug.
of
said
1946,
bankruptcy,
company
and
by
by
this
on
account of
the
the receivers of SAL
for the period
company
'
164, p. 2325.
Seagram & Sons, Inc.—Form of Bond—
on Nov.
.
15 directed that deliveries .of
%■, debentures, due
1966, up to and including Nov. 27, -1946,
with temporary debentures or' with permanent
beginning Nov. 29, 1946, only permanent debentures
shall be a delivery.
Temporary debentures may be exchanged for permanent defcentuses
may
100,000 shs.
200,000 shs.
be
made
debentures;
compliance with mortgage provTseries which may be outstanding
operates
Safe
of
-
100,144,007
income, both 1946 ana 1945, is exclusive of any rental
which may become payable to Georgia, Florida & Alabama'
20-year 2
100,000 shs.
83,897,171
355,051
The New York Stock Exchange
at
the
p.
596.
Trust
Manufacturers
Brands,
Co.,
trustee, New York, N.' Y.—V.
*" 7
*
'
SEC—
Hydroelectric
Susquehanna
*
either
that
Selected
Inc.,
464,
;/
.
Cleveland,
Ohio—Files
with
'
The company on Nov. 14 filed a letter of notification with the
,SEC
for 1,000 shares ($100 par) preferred and 5,000 (no par) shares com¬
mon.
Prices, 8*100 and $20 a share, respectively.
Proceeds will fte used
to increase capital. Issue not underwritten;
'
"7\;
the
Pennsylvania-Maryland state line
miles above the Holtwood Co.'s hydroelectric and
plants on the same river.
The project was constructed
.
.
of
the
Commonwealth of
Sho-Me
Penn¬
Consolidated Co. and Potomac Electric Power Co.
resources, although owned and controlled by several
.
.
'
'V/v/'
transmission
The
lines
,of
these
two
companies
serve
with
has
cooperative owing to- the-fact that it did pot limit its seryice fo
own
members, but included ttie general pubUc'Pas well. nf>~f
company has changed its name to Sho-Me Power Association,
Inc., and has asked the State Commission to permit the new company
its"
to acquire all assets and assume all liabilities of Sho-Me
This hew company -was formed on May *10, 1946.
-
Th
at
,
new
to have outstanding 12,000 shares of stock,' of which
shares Iwill- be $5 par and the remaining-60 shares will
17 300-mile
.- v,
v,
~:
from TThe
A8
connection.
a
of
Nov.
the
are
to
he
made with
25,
5%"
Dec. 20,
-•
* ■■
-*■■;^
^
>
15ryear 3^4% loan pf $1,250,000
JRf^tuaJ J^ifu LiKiranee^Cq. of
^ 7Prpt-
.
& Gas Co.—Ipitial Dividend
and the usual .quarterly dividend of 62%: cents per shape on
preferred stock, payable Jan.. 2, 1947 to holders ,of reqped 7
1946.-; i
t
;
.
.
.
Transfer.;Agent—
l
:
5,7:^ 7'-.
.--';7.'-"-
The Guaranty Trust Co. of New York has been appointed .transfer',
agent for the $7.50 par Value common ^-itdck'.—!V. 164, p/ 2449.'
f*
-
-'-C'"*-1. "-'i .^?
■
>
"i''
Southern Canada Power Co. Ltd.—Earpings—
of October—
- --7
Grd&s" jearni£gV
„,,r,?,r.Tr.r,irr:.77.»
Month
.'
between Sweden and Russia
the United States to Russia will dis¬
■--•-•• •
The directors; on< Nov. 14.declared, jan.initial dividend pf 25 .-cepts r
share on the common stock, payable Dec.. 28 .to .holders of record /
■
4E^«dtvvagrpemehi
passengers enroute from
embark at Stockholm where connections
any
a
m'their'entirety "by the
Conn.—OfetRius
South Car.ojina Electric
WQScfiWr*-
■
-
per
v
T;.
virtually
-
tp be used to retire" outstanding fpnded debt ■
provide funds for additional working capiipl
plant facilities.-r-V. 160,. p. 1901.
; 7
/
2.000J)00
*■''.1
owned
and to
hour Douglas
$12,000,000, according to
.
-reUdt'-'ct -tiie'
be
ceeds-are
an
Initiates Dkect Link Between U. S. uan$
to
are
cooperative.-
has -obtained
pany
The first direct, commercial nir link between the United states
and
Moscow was initiated nn Nov. -Ijs when the corporation's
-"Rolf Viking"
took off from LaGuardia Field
for Stockholm on the first leg of the
new
1946^9 JMpBy^-1945;
^
^ '.'"j." );„•.
5,952,952
5,429,706
6,727
.6.713
;
shares
new
Silex €0., Hartford,
approximate cost of
r,eacbtng 4be ^.system's Nortb American^ office$.v -;
6 r -- * - * ••«
Delivery has been promised fpr late Summer, and will .be used pn the
expanding routes .of SAS, it was said, to augment a present fleet '.of «
Doyglas DC-4's. A number pf Boeing Stratocruisers also will be ,de-
liverqd fte^t year.
•
1-1E50
-be-$20 par.
System—Buys More Planes—
15 purchased
Word
the SEC
plans
members of the
$12,000,000
an
Pow^r Co.
company, proposes-io assume the $2,500,000 debt which t^e
cooperative owes the Rural Electrification Administration. In addition,
1
.
airplanes
.
'
-The
#ennsylva«i!fc
Scandinavian Airjifies
functioning as a cooperative utility but is undei; order
Court to wind up its afafirs1 by next January.
last January that the venture could not confinye as
ruled
a
.
interchange of electric services between Baltimore
Corporation—;
been
The Court
These
Boston
-
'
of the Missouri Supreme
-
These
independent
7
.
has applied 4o the Missouri Public Sei'vice Commis6^9sp '
permission to reorganize-and become p private utility- concern.'
,-r.%
It
RR., and to the load centers of CoateSville, Lancaster and York, Pa.,
and provide interconnections between this
regional supply system and
several large oleotric
power systems in eastern Pennsylvania and are
This corporation ^n Nov.
!
(Mo.)—Seeks to E&come Privafe
The company
for
it
First
Power Co.
Utility—
the
DC-6
Corpv—Earnings-?-
1946—Month-^-1945
^ .•'.™
r.".
_
9,373,568
403,015
(Joseph E.)
5,000,000
.
for 295,000 shares ($1 par) common and 59,000 -warrants. Prices, $1
a common share and H a warrant—Proceeds will be used for
explo¬
ration and development work..Issue not underwritten.
'
" v T
Rochester Telephane
Co.
Ry.
Outstanding
Hayden, Stor\e & Co.————i—!!-l!_!l!T!_'::!;^"".
164, pp. 2590, 23J25.
'
"
' ;
under construction.
7 :
letter of notification
7,991,545
-
•;
Net
payments
RR.
—V.
the
City, Ncv;—Files Wijii
a
%
1946—9 Mos.—1945
$
$
$
L
period
operation
-
Maryland.
The
disposing of the remaining
proceeds, .together with $500,000 bank
;v,
.
.
_
total, $4,399,897.
$13,131;
expenses,
income-
revenues
the
to
eight
electric
,
are
loan, to finance paints and varnish plant
.
•
banks, $285,157; accounts receivable
in
1946—Month—1945
(after deductions
thereto.
$14,000,000
connected by
an extensive
network of transmission lines, most of
which lines are owned and operated by the Holtwood Co. or«its
wholly-owned subsidiary company, the Susquehanna Transmission vCo.
price, $10
a share.
Underwriter, Rankers Bond Co., and Almstedt Bros., both of
Louisville, and Cruttenden & Co., Chicago. Of the total company is
stockholders
M«75-
'
and general mortgage 4 % % income bonds, but before deductions for
capital fund account and sinking funds on said two mortgages) for7
the period after it-bejan operations on Aug. 1, 1946, with (b) net loss
(after old company charges of $12,036,876) reported by receivers of"
SAL Ry. Co. for the seven months ended July 31, 1546, and (c). lap-
UNDERWRITERS—The pame pf p.aph pripcipgl underwriter .And the
be purchased ky each 'are* as
follows: •
!
(V,'J
' M;'
V
seven
-
arising under terminated war contracts but
FINANCING
200,000 shs.
&$<t ^Washington: ^mdfkesd
p. 1637.
^-The company on Nov.- 20 filed a registration
statement
8EC for 69,000 shares ,of common stock ($2.50 par). Offering
selling <40,000 and
1946
'
Co.
RR,
(exclusive
*
v
issuable
miles
1.8
also utilized for the
Reliance Varnish Go,, Louisville, Ky .-^Registers with
SEC—r-
and
JULY 31,
tLoss.
p^clpaT.-aidoi^t'vofv^eN^^p^s to
'
SHEET,
income
income
delivery of electric services from the Safe Harbor and Holt¬
wood developments to Baltimore and
Washington, to the Pennsylvania
SVi
of
hand
claims
reys.
oper.
ry.
"Figures
interests, are operated as a unified power pool in the
operation of which the corporation participates. All oL the
generating plants and load centers of this regional"^ power system are inter¬
Rlecjrjtc ,$ Engineering jCo,, Clevelandr—Fijes
maximum
a
$14,779,195
corporate
for
<The company on Nov. 14 filed
on
of
oper.
Figures for
-
Gold Klines, Ltd., Toronto, CajL-w?
_
for
Net
ry.
"Net
were
par)—
bonds
Holtwood Co.,
With SEC-r
V
There
corporation does not furnish electric services directly to the
public, but is operated as an integral part of an interconnected power
system comprising the electrical power resources and the intercon¬
necting facilities of four principal companies, namely the corporation,
for
used
and exploration work.
h
106.2199.
The
800,000 shares of common stock <$1 par). .Offering price,
a
share. Company has not entered into any underwriting
Proceeds will ...be used for development of minfpg properties
cents
contract.
aggregating
the Water and Power Resources Board
Registers with SEC^—
60
of
being operated under the provisions of a license issued by the
Federal Power Comjnisslon,
and a Limited Power Permit issued by
power
RealmontIted Lake
145,000
$1.03
and is
Nov. 13 filed a registration statement for 100,000
capital stock. Underwriter, Robert B. Soden, Montreal,
50tf
(no
principal
about
steam
exploration;pnddevelopment, of '.;mlpin$^
SEC
bid
a
time under the new mortgage is limited to $35,000,000.
about
sylvania. •'
Price,
$253,372-
159,500
subsequent to July 31, 1946.—V.
GIVING
Corp.
corporation owns
The
on
company.
$120,701
Total
Power
River
Quebec Gold Rocks Exploration Ltd., Montreal—Reg*
company
on
5,000,000
Stock
The
Water
inters with SECrThe
$186,213
issued
share
per common
s
the sale of the 10-year note as may be required for
will be applied to the payment of the principal and
premium (aggregating 102'/2% of 'the principal amount
any one
and
director
shares
common
Seaboard Air Line RR.—Statement of Operations—
BUSINESS—Corporation was formed in Pennsylvania Jan. 6, 1930,
by the merger of a company of the same name "and the Chanceford
£ar Mfg, Cp.—-Bid Wins $26,000,-
See Chesapeake & Ohio Ry.
of
Period End. Sept. 30—'
from
"Additional
sions.
0p0 C & 0 Equipment Order—
shares (50£ par)
19
proceeds,
A, non-voting
B, voting
Project
Pullman-Standard
r
Nov.
note
\Class
capital stock, both pay¬
brings total payments
an
cash
mtge. bonds, 3%
10-year
further dividend
when
' v
v-f.SlOjObO.
taxes, $101,447; payrolls and commissions "accrued, $33,345; reserve for
5%%
preferred stock ($20 par), $966,680;:
stock ($1 oar), $159,500; capital surplus,' $289,046; earned
surplus, $1,533,579; total, $4,399,897.—V. 162, p. 3118.
-
164, p. 2158.
Authorized
First
This
1945,
net
CAPITALIZATION
E^ra Dividend pf $1—
been declared
have
563,372
f 110,000
common
purpose,
Class
a
296,213
tax—!-—;—:—
income
Federal
to a bank at 100.
redemption
687,500
$4,413,271
•
LIABILITIES—Accounts payable (incl. $25,839 to officers), $362,488;
income taxes accrued, $453,313; accrued property and-other-
but
$19,609,275) upon redemption of the outstanding $19,131,000 prin¬
cipal amount of the corporation's first mortgage sinking fund gold
bonds, 4,/a% series due 1979.
n.
—
to. holders of
paid
"$374,856
bonds,
or
$4,398,798
687,5C0
quarterly dividend of 50 cent$ per share and
also
*$471,864
.outstanding
on
"
,
1946
! : 1945
.
$3,262,95.4
$5,590^)71
taxes
!
income
"Total
awarded
was-
entire
Common
i
$3
accrued
sale of $14,000,000 of new bonds is a part of the
refinancing program, which also includes the issue and
$5,000,000 10-year note, bearing- interest at the rate pf 1.75%
The
2158.
to
300,878
of accrued interest and after deducting expenses estimated at $91,591),
from the sale of such new bonds, together with such portion of the
-I '
-.
$5,100,771
-
Pullman Co.—peclares
1946
issue
per annum,
323,765
—
.
for
"$8,430
interest
tlncludes
!
after reserve for losses ,of $40,000), $830,695; inyentories," $2,015^79;
land, $127,664; buildings, machin .ry and equipment (after reserves for
depreciation of $395,373),
$1,086,171;
cash surrender value pf life
*$73,978
PURPOSE—The
$4,075,033
$5,100,771
$296,772
Prior preference dividends paid—
share
$19,658
*$171,006
300,858
corporation's
$6,366,710
2,291,677
■
of Federal income tax resulting from
"carry-over" of excess profits tax credit——
16
for
.
this
—
Federal
ASSETS—Cash
$14,000,000 first mortgage bonds, 3% series due
106.76 and interest.
Dated Nov. 1, 1946; due
at
sale of
112,512
$7,375,179
2,274,408
.
$416,500
—,
per
4,088
all for 3% bonds, as follows: White, Weld & Co. and
associates, 105.3996; Harriman Ripley & Co., Inc., 105.27; Dillon, Read
& Co. Inc., 105.1499, and Halsey, Stuart & Co. Inc., 105.05713.
Reduction
$1
11,527
Nov. 1, 1981.
$6,479,222
89,511
$487,203
,190,431
$604,680
138,100
-
amort,.*,-
'v.,^-^
for
'
—
income
BALANCE
First Boston Corp. and Hayden, Stone & Co. on Nov. 21
offered
that
of
64,354
"$43,048
72,094
103,024
Safe Harbor Water Power Corp.—Bonds Offered—The
'
149,947
—
taxes————
able Dec.
Net
.four other bids,
Other
A
38,048
-1,780
see North American Co. above.—V.
$2,278,047 $29,668,373 $28,052,365
914,517. 11,846,526
10,911,690
2,137,926
1,785,095
145,662
139,265
1,731,828
1,642,421
323,825
3,004,472
4,201,198
3,482,931
3,032,739
263,208
.183,500
V Balance
--V. 164, p.
*$231,272
$24,996
33.426
pf
indebtedness
contingencies,. $500,000 ;
1946—12 Mos.—1945
194G—Month—1945
Federal income taxes.-_
■1.
Federal
Number
St. Louis County Gas Co.—New Control-
J
'■
'
$2,459,510
—
Depreciation
Balance
♦$1,525
03,426
proceeds
purposes.,
,
—.!
Provision
20,346
$28,156
income
The
revenues.co¬
Balance
and
Drl08,549
Cr25,195
$53,084
corporate
July 31—
sales
income before
Dr47,013
Cr2,08O
-
serially from March
15-year sinking fund
The
1961.
238,708
unpaid.—V. 164, p. 2449.
PjigetSound
Interest
Dr7,684
Cr3,498
normal busine^s.-r-V. 1£6, p. 1564.
Period End. Sept. 3,0—
oper.
$222,327
trustee,
retirement program. Offering
for additional operating capital be¬
a
corporation
for the week ended Nov. 16, 1946, totaled 217,376,000 kwh., as com¬
pared with 182,868,000 kwh. for'the corresponding week last year, an
increase of 18.9% .—V. 164, p. 2552.
>:
Net
6 Months Ended
Net
3,668,530
:
Drl5,828
inc.
available
"Deficit.
Public Utility Engineering & Service Corp.—Output—
Maintenance
v
'090,453
238,371
26,708
from
1,
Dec.
on
other
insurance, $41,100; prepaid
Philadelphia,
Co.,
of expansion pf
Operating
operation
$3,890,857
3,679,524
$28,365
24,286
'
24,907
fixed charges
—_
tTotal fixed charges!—
with
Electric output of the operating companies served by this
■■-A
$3,769,977
.
-
only $1,200,000 were issued in
price, $100.
cause
:
:v,-,
&
deduct,
Misc.
Nov. 19 filed a letter of notification with the SEC
cumulative debentures, being balance of debentures
$250,000 6%
authorized under
Germantown
$65,393
income.
ry.
oper.
Other income
on
for
of which
Net
Income
SEC—
company
$430,520
402,155
Co., of America.
mature
$3,300;090 3»/4%
Schwitzer-Cjummings Co.—Earnings—
(inch
^ Public Finance Service, Inc., Philadelphia—Files
The
expenses
for
and
company
Net income
1728.
p.
$468,475
403,082
revenues
oper.
Railway tax accrualsEquipment rents (net)
Joint fac. rents (net)—
$133,265
$96,508
——
oper.
become, due
will
notes
The
Net
25,128
25,467
...—————
Railway
Railway
Net rev. from ry. oper.
r
(net)
income
Income
*tV.
-----—-—
deductions.
will
1954.
ACCOUNTS
$158,393
Rico
the
1946—Month—1945 :4h 1946—9 Mos.—1945
38,310
income.
CORPORATE AND TRUSTEES'
Period End. Sept. 30—
1,
The directors have declared an extra dividend of 75 cents per share
and the regular quarterly dividend of 25 cents per share on the putstanding common stock, no par value, both payable Dep. 15 to holders
of record Nov.
30, 1946. This brings total payments this year to
$1.75 per share on 222,750 shares, compared with disbursements last
year of $l.87V2 per share on 143,5nn common shares then outstanding.
Early this year, the company effected ,a three-fpr-two split-up pf
its common shares.—V. 164, p. 1125!'
■
r r :
'
Rutland RR.—Earnings—
1945
1946
$556,423
Dec.
Declares Extra Dividend of 75 Cents—
Arlington, Va,—Files with SEC
.
Co.—Earnings—
Sept. 30—
to
financing will be.used for'the refunding of outstanding
of
'
1913.
p.
Porto Rico Gas & Coke
■
''
"
serial
$2,200,000 .2^%
1947
debentures
filed a letter of notification with the SEC
6% preferred.and 10,000 shares ($1 par)
common stock. Prices, $10 a preferred shafo and $5 a copimon share.
Proceeds wijl :be used to "conduct business
iof company. Issue not
underwritten.
' *"•
'
•
-
$1,141,412
Portland Electric Power Co.
,
Traction Co. and
The
1,
The company on Nov. 12
for 20,000 shares <$10 par)
844,907
232,785
railway division.—V. 164,
12 Months Ended
:
164, p. 2058.
Itosslyn Loan Co., Inc.,
—
Co. and the Prudential Insurance
1946—10 Mos.-r-1945
$1,103,598 $10,727,254 $9,482,260
$1,233,050
-
-
—V.
corporate
basis)
bentures with the Massachusetts Mutual Life Insurance
1946—Month—1945
Period End. Oct. 31—r-
income
on
(individual
$1,891,608
13,002
11,070,710
ment of $2,200,000 2Vz% serial notes with a group p£
b£nks, £nd $$,300,000 3V4 %. 15-year si^iDg' lRAd Mi
Rose'g 5-10 & 25-Cent Stores^ Inc.—October S^les—
Sales
earnings
taxes
$1,869,577
22,031
$1,829,825
40,805
$631,195
7
29 514
Places . Notes and DcbentUTes pri¬
vately—The company announces that Wertheim & C„Q;
have completed arrangements for the private place¬
634,771
Depreciation .!!!«!!
Taxes, other than Fed,
income
(Tjie) Sc|u|f
piyjuie^d^r,
On Nov, 18. the directors declared a dividend of 10 cents per spare,
payable Jan. 2 1947, to stockholders of record Dec. 20, 1946. In each
of the three preceding quarters, the company spid a dividend of 6>/U
per share oh the present $2^0 par value stock. A distribution of 25^
per share was made on Jan. 4; 1946 on the old no par value stock
which was later split-up on the basis pf four new shares for each no
par share held.—y. 164, P. 959.
-
4,803.125
696,417
Net
Rock^.eJI jM^^acturing Co,—Larger
*1943
;
$9,469,996 $10,073,609
Maintenance
Total
1944
1945
July 31, '4G
$4,862,600
2,793,443
££«
Operating revenues
Operation
Other
'
—Calendar Years—
7 Mos. End.
Fed,
Monday, November 25, 1946
THE COMMERCIAL & FINANCIAL CHRONICLE
J3734
•
■Operating
Takes
aircraft
944,339
Interest,
TB. Aer.otransport ,(ABA), Swedish
airline, for Helsinki -Finland.
Helsinski. passengers will transfer to Russian aircraft for the !
balance pf the journey^
1
^
•
The new flights wiU d.epart -from Stockholm overy
Monday, Wednes¬
day and Friday, with a one-hour stop-over at Helsinki where the
passengers will hoard Russian Aeroflot DC-3's-for Moscow.
Airlines System ;,(SAS) flights Leave New York" on
;
A.
-1945
,
1—1
*
li
"
66,400 '
depreciation &
,4-r
$300,884
! 140P63 7!
-
109,523;,'
70,790
%
At
Operating
revenues.
671,108
Operating expenses
Operating taxes
1_
--
Net
operating income
5,946,225
,487,607
398,'519
97,126
109,189
.'4,261,727
' .998-623
5,425,993
3,544,313
,
86,375
92,158
775,876
937,441
55,395
Net after qharees
>-y; 164/p. 2449..
599,846
60,860
500,535
645,987
'
Scandinavian
Tuesday, Thursday
Eutufday ea-ch week, offering travelers ,to ..Russia a ^minimum, of
delay ha
^oryxgetions, the airlix\e statadw-W, '464HPa^8G^
and
^
^
—vuri64!
pTim
"3
.
~~
XJolorado Power
Elecir)c .,ou,tpt0k!of 4^ls company for
...#7495"'
7 Southern
^
<•
.
rthe ^week 'puAe&.fjor;.
*■
totaled -2,347,000
kwh., as compared -with 72,110,000 Jcwh.
corresponding -week'last year, .an increase of "9-8%a^-V. 164, p.-2590. '•*•
-Volume 164. -Number- 4545
Southeastern Corp*
Period End. Sept 30—
■
Gross
oper.
'Operating
;7
revenues
expenses
Subs.>—Earnings—7
vi'i1946—12
1946r—9 Mos.r-1945
—.
1'
.
95,125""?; v..- 84,348
'" 244,527
depletion—
Mos.—1945
leases
-Sts
1,484
98,603
'
V 32,860 <7.
$377,522:
57,760
;
2,211
,15,526
r
'
1
12
cos.
'
a*HM»*
— ■>
ill inw
urn
—
-i
63,000
"76,655
99,8$6
$384,485
ern nwrp »
M
■
~
-
89,305
.....
91,423
-
hand
fabrics,
chge.
cquiv.
$223,lll-
;
result,
Net
—V.
fr.
to
refin._
8,837
il--
$218,338
•
7
:—_
$223,m
Southern New England
Fwriod End.
Operating revenues
Operating expenses _'__
Operating taxesr
i
77:;, •$
Net
operating
33,097
108,006-
24,190,102
16,790,060
4,605,531
340,743
316,599
3,144,850
270,818
•_—_
220,518
2,450,186
is
as
thickening agent in
a
follows:
as
On
March
It
serves
in
lease with
17, $1—V.
164,
June
18
and
Sept.
Period—
.
in the
$
5,546,323 238,234,029 287,621,853
—V. 164, p. 2591.
textiles
in
and
producing
seaweed
in
the
a
Indian
River
and
^
♦
Southwest Public Service Co.
See
Southwest
2591.—V.
page
(Md.)—Right to Partici¬
Dec. 1, 1946—
on
Utility
137,
Dairy Products
3160.
p.
Co.
in
ction
demand
for
Agar*Agar,
at
the
present
is
time,
of
brewheuse
equipment
far
in
Sept. 30—
loss
the
of
which
to
cold
one-third
water,
compares
is
its
normal
volume
reconstituted
in
and
few
a
merely
seconds
to $8.555,766.—V.
mark
Stix, Baer & Fuller Co.
The
directors
of
On
^
convertible
(par
Common
5%
$10)„
stock
preferred
COMPANY
to
the
are
for
30,000 shs.
•450,000 shs.
conversion
of
held by Sperti, Inc.
LOAN—As
part
4
T
preferred
the
transferred
poned
by its parent, for which the latter received 260,000
shares of the company, the
company has assumed an obliga¬
tion of the parent in the sum of
$200,000 to the Irving Trust Co.,
New York City.
Operating
oper.
229,393
2,294,799
2,021,011
700
5,100
Other
228,693
2,289,699
197,198
154,934
1,627,687
2,014,711
1,334,134
24,961
42,632
276,611
405,736
32,556
31,127
385,421
274,841
14,732
_:
—
income
to
this
Net
42,354
income
$69,104
NOTE—Above
statement
combines
13,175
222,442
129,773
statements
&
of
Co., Inc.
Sperti
Foods,
:,
..
Standard Gas & Electric Co.—President
Urges Elec¬
tion of Full Management Slate of Directors—
Net
operating
income
after chersres
—V.
164, p. 2450.
Period End.
Sept. 30—
Co.—Earnings—
1946—Month—1945
1946—9 Mos
$
Operating
revenues
Uncollectible
<
oper.
15,289,340
—
Operating revenues
Operating expenses
Operating, taxes
15,257,947
11,603,231
1,881,980
__
$
13,799,951 134,798,020 124,327,147
.
9,004,789
98.562,957
77,561,234
3,225,131
18,304,294
31,976,310
.
he
Net
operating
income
1,772,736
—V.
164,
17,930,769
14,789,603
1,551,266
after charcres
1,570,031
1,349,762
15,989,887
12,394,378
2591.
p.
compliance with the holding company act to eliminate
and
Years Ended Aug. 31—
after charges
Profit
for
Provision
for
Wet
Federal
1946
2,908,904
contingencies
400,000
profit
Earned
$1,520,767
611,055
611,055
$4.24
$2.49
share
per
163,
$4,782,964
3,162,199
100,000
$2,593,950
Number of capital shares
—V.
1945
taxes
is
be¬
As
mentioned in
Co. and
shares
Clair
of
S.
issue of Nov.
Hall
cumulative
&
Co.
18
Nov.
on
convertible
5%
White, Noble &
8
offered 30,000
preferred stock
($10)
Transfer
share.
per
agent
Jf..„
and
HISTORY AND
Trust
is
Jersey
City,
=
Ohio,1
controlling
stockholder
250,000 of the 263,000 of its shares of
outstanding.
making
the
Parent
Institutum
Divi
was
institution.
of the Athenaeum
Patents
granted
as
of Ohio,
a
result
an
of
accredited
its
research
edu¬
are
separate Ohio corporation, The Institutum Divi Thomae
Foundation; which in turn, has granted a royalty free exclusive license
assigned to
a
the products covered
thereunder to the company'sthe Foundation and the company's parent have Joined
in
assigning certain rights under this license to the company.
The
Foundation owns a majority of the capital stock of the company's
parent, having received the same and capital notes in consideration
of fronting the license,
"77n.-•■-v-v~V'r ^ Py
to
manufacture
parent.
Both
The
parent and its predecessor companies have been in successful
operation since 1934 developing, manufacturing and marketing com¬
mercially feasible discoveries resulting from the research conducted
laboratories
the
advisable
to
j
by
separate
i-i i
of
the
Institute,
It has recently been considered
and stockholders of the company's parent
into logical divisions with the expectation
that the various activities can progress more rapidly and efficiently.
The first step in this program has been the formation of the company,
Sperti Foods, Inc.
This was accomplished by the company's parent
conveying to the company, in exchange for the above mentioned 260,000
shares of common stock, all assets and inventory pertaining to foods
and allied products, together with the entire outstanding capital stock
in
large debt
attention
the directors
its operations
«
maintain
as
.Chairman of the "board
a
co-founder of
Webster,
his
the
and
company
office
in
where he will be
Chairman by William
the
Stone
available
T.
&
for
consultation.
Crawford
was
the firm, will
subsidiaries, how¬
Webster Building
its
who
for
the
Stone,
is
10
\
<
will continue
'
■
.
He
last
/
-
•
'a --"
■
as
,v;
r-
,
a
$17,500,000 for expanding productive
additional $6,000,000 will be
spent later for
an
the
same
presently
will have
stockholders
for
stockholders
states
letter
informed
should
year,
or
stockholders
substantially
other
some
tenders
that
$1,000,000 available for that purpose
to
up
that
decline
adverse
accrued
unless
between
event
occur,
dividends
Nov.
30. The
current
consolidated
and
now
the
the
trustees
shortly
stock
end
of
expect to
the first
after
the
company
is being considered
by the
trustees, but they cannot at this time determine when
It would be
practicable, if at all, to submit a proposal of liquidation to share;
holders.—V. 462, p» 1440.
Suburban Propane Gas Corp. (&
$10 both
par
brings
payable
Dec.
16
total cash payments in
in 1945.
to
holders
1946
to
$1
of
record
Nov.
The
shafe,
per
the
Gross
NINE
"
MONTHS
ENDED
SEPT.
sales
ii-J
common
shares
outstanding—,.....
ities.
Net
charge
for
of, $4,474,262
facilities
16<
—V.
income
was
p.
the
for
full
amortization
year
accelerated
$3,713,161, equal
2059;
of
$2.77
*$1.77
•
reducting
war
share of
-
$40,587,686)
and MJxpeoBeSi--—.—?___—36,553,275
Depreciation,
Profit
Other
—
from
income
A
,l-V
operations..,,-
Prov.
tion
income
1944
and
contingencies
$7,904,532 $14,021,037
457,039
NOTE—The
500,000
-
period included
636,460
as
deductions in
$1,524,170
636,460
$0.81
318,230
$1.20
$1.31"
for depreciation
provisions
750,000
$1,028,711
—
—
total
the
above
and
amortization for
summary
amounted to
$1,381,362 in 1946, $1,993,378 in 1945 and $2,290,120 in 1944.
Government
securities—at
Vs>\t
Subs.)
•*"
y?*
per
vv
-''1946
$0.44
«:
*
■f*•??"''
'
1945
1
•
*
1
'
r/k}
%
Federal
$1,163,453
120,720
^
;
-
$1,042,733
286,999
172,563
$1,581,883
taxes.
$990,890
656,098
■;'/
492,639
$925,785
$498,250
$0.74
$0.48
share
common
Superior Steel Corp.—Split-Up Ratified—
The
stockholders
shares,
each
capital
on
Nov,
stcck
par
$50,
two
share
now
was filed on
15
from
owned.
poration
of
the
An
approved
200,000
new
a
proposal to change the
shares, par $100, to 400,000
shares
amendment
Nov. 18.—V.
to
be issued
to* the
in
i--
exchange
certificate
of
for
incor¬
1G4, p. 1766.
Sutherland Paper Co.—Extra 15-Cent Dividend—
On
per
Nov. 18, the directors declared'an extra dividend-of 15 cents
share and the tegular quarterly dividend of 40 cents per share on
common stock, par $10, both payable
outstanding 344,400 shares of
14
holders of record Nov. 30.
Payments previously paid this
year were
as
follows:
March 15, 30 cents; June 15, 40 cents; and
Sept. 14, 40 cents quarterly and 10 cents extra.
Total in 1946 will
be $1.75 per share, as against $1.35 in 1945.—V.
164, p. 2194.
to
v
y
-
*K
$1,868,882
?V-
;
before
'
•-Earnings-
30—
income
authorized
Dec.
hand, $5,396,824; U. S. and Canadian
(after deducting amount appropriated
on
cost
A
"
-
—•V. 184, P. 1915.
the
CONSOLIDATED BALANCE SHEET, SEPT. 30. i940
ASSETS—Cash in banks and
$260,542
352,824
$8,361,571 $14,373,861
6,832,860
12,099,691
1,225,551
$1,673,295
Dividends paid
.
Net profit
Earned
245,797
Earns, per «hare on capital stocks
i
Provsion for Federal taxes
•
for postwar plant rehabilita¬
Balance surplus
the
■Not stated-
$2,890,846
taxes____
'VtsS'!>•*
<
J-
$2,653,049
Profit before income taxes
Federal and other
543,949
$618,255
$1,624,207
244,675
deductions
Profit
1,381,362J
(net)———-
-■*•?
income
Gross
-
'A
?1
'
stock.
common
■
Other
;
sales
V
156,540
Operating profit
emergency
Stewart-Warner Corp. (& Subs.)—Earnings-*
k 9 Months-Ended Sept. 30—
J
1946 A
1945 ?
Cost
.
201.174,
Bun Chemical Corp.
special
a
*
9 Months Ended Sept.
facil¬
emergency
amortization'of
per
■*
Other
Net
—
«• m -m -
,
—V. 164, p. 2326.
*"}!'\
4
,2,602,154
war
after
1945,
to $11.10
;
2.
*5.146,650
2,676.384
;
deducting accelerated
$1,162,204
'
8,118,795
^Esmtngs pef>
♦Before
78,981
_
,
Net income applicable to
590,000 shares of common stock
Earned 'per: Share———^
:
i$115,737,732 $95,802,834
-
jNet income after charges and income taxes
of
1945
1946
—
,
Federal income taxes (estimated
*
—
:
Net. operating profit
Other income deductions-
r
■
1946
sales—$1,083,223
operating profit,...
Operating and general expenses
same
30
on
Gross
quarterly dividend of 93% cents per share on the cumu¬
lative preferred stock, series A, was also
declared, payable Jan. 15,
1947, to holders of record Dec. 31, 1946.
FOR
profit
Other-operating inp.nme
29.
usual
EARNINGS
Subs.)—Earnings—-
STATEMENT OF INCOME 3 MONTHS ENDED
SEPT, 30,
<Ohio)—Declares 2% Stock Div.—
the
research and education
cational
common
the " company, owning
stock ($1 narV. presents
incorporated in 1940 for the purpose of
public, through manufacture and marketing,
and practical developments of the research of the
Thomae, which is a graduate school of scientific
available' to
commercial
of
the
called
He
program the subsidiary companies
capital structures and can pay increased divi¬
amount as paid
No.
BUSINESS—Company. iwhosei principal business office
the
properties.
Mr.
pay
all accumulated and
of the year.
Eventual liquidation
of
The directors on Nov. 14 -declared the
regular quarterly cash divi¬
dend of 25 cents per share and a
2% stock dividend on the common
Net
Co.,
Aug. 10, 1946, for the purpose of taking over and combining all the
activities of Sperti, Inc. (Ohio), pertaining to foods and allied products.
Inc.
the
20.
non-callable.
the
this
v
Corporation
Is located at 816 Clinton St., Hoboken, N. J., was incorporated in
Spertiv
of
-
registrar,
-.-V
-
from
result
Standard Oil Co.
"
at par
N.
our
values
a
1332.
p.
will, to that extent, accept the tenders
earnings
dends to Standard Gas, while the debt of the
parent company has
reduced from $71,200,009 to
$41,600,000, resulting in an annual
saving of interest of approximately $3,250,000.—V, 164, p. 2591.
This
Sperti Foods, Inc., Hoboken, N. J.—Stock Offered—
as
and
common
been
stock,
1614.
p.
the true
fact that
have well balanced
now
$5,902,855
_
Provision
realize
the
in
company
and
an
officer and director
of Standard Gas almost seven years
ago, at a time when it was generally believed
wry little value was
attached to the company's stock.
He instituted a program of orderly
to
Spencer Kellogg & Sons, Inc.—Earnings—
its
post¬
164,
company Is asking second preferred
that issue at $150 a share. A
letter to
the
came
Net
offering of 40,759
to
company
50
share.
Ine.—Pays Larger Dividend-—
directorships in
as
be
The
that
the
The
of
1942.
out
by
and
J;
that the proposed
value
10
Suburban Electric Securities Co.—Asks Stock
Tenders
—May Pay All Dividend Arrearages After Jan.
.1—
The management nominees for the two contested
directorships are
Hamilton Pell, partner of the New York Stock
Exchange firm of Pell
& Co., and a director of Standard Gas from
1938 to October, 1946,
and John G. Townsend, Jr., former Governor
of Delaware and United
since
June
cents per
purpose.—V. 164, p. 1915.
contesting the election of the two management nominees to repre¬
holders of the $4 preferred stock.
a,
pointed
Nov.
on
his
capacity and
Crowley's recommendation was contained in a letter accom¬
panying the official proxy material now in the mails for the annual
meeting to be held Dec. 4, 1946. In presenting a full slate of eight
directors, the management advised stockholders that a minority group
Crowley
par
on
75
,
T. Crowley, Chairman and
President, on Nov. 18 recommended
stockholders that they elect the full slate of management nominees
the company's board of directors "so as to assure
continued co¬
operation in the development of the company's program."
States Senator, and a director of the
company
In his letter to
stockholders, Mr.
$5
cents
totaled
were asked to
authorize the issue so the
company
position to carry through a
financing program when
conditions permit. It was stated
that the
company's working
capital requirements are
increasing because of necessity for larger
inventories,
working
cash
balances
and
accounts
receivable.
The
corporation has also spent some
Leo
is
of
37 */2
1945
Stock Postponed—
(recently ^announced
shares
25,
in
The stockholders
for
sent
13,818,846 13^,012,095 124,515,732
18,895
214,075
188,585
31,393
rev._
1945
$
Jan,
on
market
Mr.
Southwestern Bell Telephone
cents
Dividends paid
due vtQtoarket conditions.—V.
would
to
Net
50
10.
The stockholders on Nov.
20 authorized the issuance of
up to 200 000
shares «f no par preferred
stock.
H. S. Vance
Chairman, said the company did not contemplate sale
of stock at this time.
/
v'
%
•
v
holders
to
Studebaker Corp.—Preferred Stock
Authorized—
Inc.
(subsidiary).—V. 164,
p. 2591.
share
per
10
.
years iias serve as Executive
Vice-President.
Whitney Stone, son of the late Charles A.
President.—V. 164, p. 1259.
6,627
taxes
year
Sept.
Mass.,
$118,085
income
cents
Dec.
also on Sept. 7
voted to reduce the authorized
preferred stock from 100,000 shares to 74,600 shares.
issuance of the new $5 par
shares, the old common stock
ever, and will
in Boston,
38,750
•
25
7%
announced
$79,335
-
deductions
6,300
254,715
—
income
income
of
payable
New Chairman Elected—
163,990
(yeast division) and Schock Gusmer
$
500
rev._
Operating revenues
-Operating, expenses
Operat.ng taxes
$
255,215
revenues
Operating
Other
dividend
a
stock,
The retirement of Edwin S. "Webster
76,967
expenses
New
on
on Nov. 20, the directors
declared a dividend of $1.25
per share,
payable Dec. 16 to stockholders of record Dec.
2.
This compares with
$1 paid on Dec. 15, last
year, and 75 -cents on Dec. 15, 1944.
1,380,564
-
Pay 25-Cents
y
Stone & Webster,
$1,700,856
expenses
a
this
last,
on
company
sales
of
preferred stockholders and the proposed
public offering of 62,000 shares
which are to be sold
by eight selling stockholders, have oeen
common
Selling
months
from
It t was alsa
stock.
assets
7,
common
;
for
To
—-
common
^Offering of Common
t263,000 shs.
■
consideration
I: cents
30.000 shs.
'
$1.65
ten
stockholders
par
-received
:
.
first
$1,140,380,
■
stock
Prior
,
k
the
to
; ;
15 declared
value
par
for
,
The
$25
Outstanding
•
$912,287
—
amounted
the stockholders 'doted to change the authorized
350,000 shares, par $10, to 700,000 shares,
par $5,
to effect a two-for-one stock
split.
New certificates will be exchanged
for the old $10
par shares at the Mercantile-Commerce Bank ic
Trust
a Co.,
St. Louis, Mo., transfer agent.
<
-
product
taste, ap¬
-
;
*—...
reserved
are
Authorized
„
(par $1)
*50,000 shares
1260,000 shares
1946—9 Mos.—1945
$
Nov.
on
$5
Nov.' 30.
Sept.
common
a
TO PRESENT FINANCING
/-
-
new
record
of
CAPITAtJZAlnm^
the
,on
•
is
very-favorably with fresh orange Juice in
The principal advantage of the
elimination
Class—
Co.—Earnings-
1946—Month—1945
i
sales
1765.
164, p.
Split-Up Shares—
process
orange juice as practiced by the comoxidation responsible for deterioration of
vitamin content and deleterious
changes in taste and
the
is
■pany
Total
18,
October, 1946,
bringing total sales
year
'.
by. the addi¬
to
\
MONTHS ENDED SEPT. 30, 1946
of
high
succeeded
Nov.
month
new
ma¬
juice
Provision for Federal
$
Uncollectible
of
patents,
$5,864,744;
557,376 common shares——
the
years
keg-washing
liabilities,
war
EARNINGS FOR NINE
For
many
and
of
excess
-
Southwestern Associated Telephone
period End.
issue
$6,636,588;
accrued
Sterling, Inc. (& Subs.)—Earnings—
•
<
and
Net profit after
depreciation and Federal taxes
Earned per share on
pearance and vitamin content. •
^-of preserving and packaging of
^
our
$10,493,486),
$36,735,535.
payable
for Federal and other
continue
pate in Plan Expires
of
$1; total,
($5
|;|:v
adjacent
the company's parent began construction of a
which is strategically located to that area,
yr, ;
reason,
Administrative
v
amortization
^
reserve
(or
product
guarantee,
$1,000,000;
reserve
for
on
patent claims and other litigation,
$300,000; capital
par), $6,502,919; capital surplus, $6,244 447; earned
surplus,
$9,673,170; Treasury stock (27,662 shares at $5 per
share), Dr$138,310;
total, $36,735,535.—V. 164, p. 2326.
;
possible
Florida, whereby
ten-year renewal clause
Cost of sales
$
termi¬
applied in
stock
-
..
Net
—Jan. 1 to Nov.
$
5,399,410
contract
war
$3,500,000;
confec¬
by foreign manufacturers in years prior to the war.
v
;
Sperti Citrus, Inc. produces
high-quality frozen citrus concentrates,
principally orange, under certain special processes.
The
Earnings—
$
(est.)—
$3,500,000), $724,000;
income taxes and for adjustment and
contracts (after U. S.
Treasury notes, tax series,
payment thereof, $8,096,722),
$3,788,574; reserve for
rehabilitation and contingencies
arising out of war conditions,
be
plant
puddings,
cream,
base
a
PRO FORMA INCOME STATEMENT, YEAR ENDED AUG.
31, 1946
—Wk. End. Nov. 14
earnings
and
'wKf
Southern By.—Gross
Gross
75 cents each;
17,
2591.
p.
as
the State of
,
19,
and
goodwill,
.
-
Nov.
Dec.
of
inventories, $11,268,635; plant rehabil¬
fund, $3,500,000; deferred receivables,
etc.,
supplies and prepaid expenses,
etc., $845,756;
stated principally at oost (after reserves
for
$295,994;
equipment,
termination
to
making of cosmetics, shoe stains and
the textile trade as a
sizing medium for
period of ten years with
a
Agar
For this
stock
Co.—Regular $1 Dividend Declared—
fund
$7,490,572;
-reconversion
and
provision
the
owns a contract of
Cumulative
21, the directors declared the usual quarterly dividend of 5
$1 per share on the outstanding capital stock, no par value, pajSible
Dec. 23 to holders of record Dec. 2.
Similar payment was made-on
March 25, June 17 and Sept. 16, last. Distributions
during 1945 were
and reconversion
$576^65;
LIABILITIES—Accounts
physical properties, it Is extensively
and as a medium in bac-/.
the food industry, such as in T the
pies.
in
used
in
1
On
(net),
reserve,
licenses
made
2,794,511
1,913,856
164, p. 2450.
and
depreciation
.
appearance.
>
Southern Pacific
It
concentrated
24,298,102
2,723,177
27,550,111
1,906,333- 21,794,299
500.240 - ; 2,610,962
287,364
income7
alter-'Charges
—V.
27.583,208
12,000
2,526,740
\
Wet
,
2;735,rn
3,154,847
'
__
p
' ~t 1946—3
rehabilitation
Plant »nd
(
the
United States.
It
is
estimated
by
the
management that approximately 65%
of all breweries ir. the country
have partial or complete installation of
Schock, Gusmer & Co. equip¬
ment.
A large
percentage of the remainder constitutes installations
$265^61
TelephoneCa.-^-Earnings—
l946^tto'nai—1945"
S6pt 30--
i£;-i '• '£'&
^Operating revenues -i3,159iS8T
.Uncollectible oper. ret... " - ^ 4,740
less
value¬
pharmacy,
uses
meat
as
Schock,
leading manufacturer
chinery apparatus in
8,837
.
yj%3
collect
The
'
"r'
and
its
and
capacity of-^exi sting, plants. /
;
Gusmer & Co., Inc., is and has been for
$259^54;
itation
arid
-of th« ,present
1915."
p.
Because of
plant at Jensen, Fla.,
$265,961
to
income
164,
dried
now
plant
receivable (after reserves of
$614,079),
certain
well
as
it is licensed for
reduct. in Federal inc.
tax
to
nation ^claims
,
Company
125,355
$268,392
is.
a thickener in the dyeing
and printing of
industry in the finishing process.
as
the leather
116,033
It
years.
soups
lotions.
areas.
$227,175
Special
recent
ice screams,
Wet inc. before special
.
and
,
$391,316
Tnt. deducts. Southeast-
considered
until
tionery -trades
it)4,168
$314,535
Inc.,
-
company
species of seaweed,
$495,485
$316,481
•-•'
Co.,
wholly owned subsidiaries
r
used in industry, medicine
rUeriology. It has numerous
canning of. meat -and fish,
$493,023
$484,352..'
Schock. Gusmer ,&
became the
2735
-
2,463
$391,190
thus
processed by
newly
and marketed as
dehydrated yeast to animal feed,
and pharmaceutical
manufacturers.
V
Agar-Agar is a dried gelatinous substance extracted from
«
49,133
-
subsidiaries,
which
food
137,220
.
Inc.,
company.
developed methods
1,484
-
>
$388,979' / $481,792
.
-.•,••$379,481/
Balance
,.V
40,133 :
;
less
and amort, deducts,
siii).
v
131,072
i.^958 ?
;
lint,
"15,868
102,876
>-•;
Citrus,
the
owned
is the leading manufacturer in the United States of
dried brewery yeast.
This product is made, from
yeast slurry, a waste
by-product from the making of beer, which has been
113,493
■„
•
•
General taxes
Federal income iaxesiw'
wholly
-•The
315,035
261,162
;N«^w>fluctk;j7W!ei-dWlk#*^
•Abandoned
,«f
1,220,766
;::
two
Sperti
?
$2,345,682
'?■; 128,393
"212,412
of
.v':*//?-- ht
$1,825,417
$1,805,233
$2,436,923
7 :v 1,007,911 '?/.'■ 1943,885 ' .1,337,535
Maintenance
Deprec. and
(&
THE COMMERCIAL & FINANCIAL
CHRONICLE
r.r-i/y.-,..
*-v.
declared an extra dividend of 50
19
Nov.
on
share and a regular dividend of 75 cents per
•Lock and class "A" stock, no par value, all payable
•per
'.
Profit aft. chgs. but be¬
fore Fed. taxes-i——
for
taxes,
tingencies, etc.
Odin
Tennessee
Co., Knoxvllle, Tenn^—
Insurance
(no par)-.—.,—.-
basis
BUSINESS—Company was
76,500 shs.
compensation and general
to the State of Ten¬
by direct agents.
Co., Chattanooga, Tenn., is the
UNDERWRITER—Elder, Wheeler &
Net
income
-;
-rt'"
-
1945-
766,715
316,042
pplll carried on Fohs books
68,275
85,775
117,529
cost to Texas
the amount
{$1,048,469
*$371,075
$0.79
$0.77
'
r\ >} ,■
^
1
an
1
price of $8 per share.
right to subscribe will expire at 3 p.m.
it is expected that subscription warrants
The
and
1946.
3Q
$137,990
1,014,730
1,014,730
$0.34
$0.13
———-
earnings of Fohs Oil Co.
'Includes
,
$343,656
—
—
share———-
per
v'.v,..;v;\fA--S\ ,-X. !v-V'
«
merged into the company Sept.
v •
1946.
27,
i
^
as circum¬
it is company's present intention to
the sale of $5,000,000
by stockholders.
Furthermore,
permit.
bank loans with the proceeds of
of convertible preferred stock recently authorized
further reduce
1
BALANCE SHEET,
CONSOLIDATED
X
'
p<
' <"7 i"
v
<
Zi
.
Sales
Total
taxes
31,470,525
35,230,823
Natural
20,839,929
4,475,394
47,046,329
17,011,071
65,952,765
13,202,354
881,218
375,528
2,699,937
2,467,551
853,125
1,121,036
4,377,095
6,159,688
12,766,996
18,254,232
900,000
550,000
1,450,000
1,750,000
$2,818,235
$0.55
$1,949,066
$0.37
$6,624,352
$1.27
$7,323,796
$1.52
—
eventual
rc-
for
Prov.
taxes
inc.
profit
Net profit per com. shr.
BALANCE SHEET,
ASSETS—Cash
SEPT. 30, 1946
hand and in banks, $17,844,610; marketable secur¬
on
(chiefly U. S. and Canadian Govt, bonds), $11,098,697; customer
accounts, notes and other receivables, $14,895,779; inventories of crude
and petroleum products, $17,331,363;
warehouse stocks of materials
and supplies, $3,779,378;
properties, $163,097,864; other assets, $6,141,059; total, $234,188,650.
ities
services,
employees'
836,824
$125,359
$134,088
$2,165,628
2,306,100
1,836,423
10,629,560
105,400
approp.
income
deducts.
$2,431,459
734,408
$1,697,051
etc.,
earnings,
$375,000;
Subs.)—October Sales—
(incl. intangibles), $33,442,-
cash investments—U. S. Government
temporary
($10 par), $106,533,020; first mortgage*
series due 1962, $94,200,000; accounts;
LIABILITIES—Common stock
trust bonds,
collateral
and
3%
payable, $688,650; dividends declared (cash in special deposits), $2,130,660; customers' deposits, $1,107,820; taxes accrued, $4,461,558; interest:
accrued ($1,413,000 in special deposits), $1,458,951; other current andi
accrued liabilities, $53,166; deferred credits, $207,046; property retire¬
ment reserves, $6,714,902; reserve for future losses or adjustments with;
respect to capital assets, $32,218,209; reserve for uncollectible accounts,.
$37,443; reserve for inventory adjustment, $32,216; contributions in aid
of construction, $636,781; earned surplus, $10,409,684; total, $260,890,-
164, p. 1253.
105.—V.
United Light & Railways Co.
not always
(& Subs.)—Earnings—
■■■■'■
$
$
115,891,510 120,048,113:
12,715,708 15,819,889
43,107,693 39,930,495^
Companies—
Total operating revenues
Gas and electricity purchased for
,
resale
Operation
6,600,930
Nov.
on
reasons
Federal income
alphabetical
and excess profits taxes
Operating income
Other income (net)
possible.
as
Union Telephone Co., Blair, Neb.—Files
the SEC
of closed ffrst mortgage 20-year 3Vi% bonds due 1966, at
unit. Underwriter, Wachob Bender Corp., Omaha, Neb.
be
used
retirement of outstanding 3%%
for
bonds.
Subsidiary Holding Companies—
452,414
617,897
bank loans
of debt discount and expense
on
paid in 1945.
The regular quarterly dividend of $1 per share on
tive preferred stock was also declared payable Dec.
/record Nov. 30.—V. 164, p. 15.
9 Mos. End. Serft. 30—
sales^SxlUiLU
Net
pfd. stocks held by publicMin. int. in consol. net inc. of sub. solding cos.
Cost
of
goods
;
1946
1945
1944
1943
f$9,899,821f$14,813,808t$15,863,789 $17,641,668
and
sold
on
State, local and misc. Federal
Federal income taxes—
Spec. chge. to elim. non-recurr.
Div. and interest income from
8,980,798
12,782,585
13,465,198
$2,856,974
$3,081,204
$4,176,470
113,858
—
11,956,834
$919,023
operating expenses
204,017
231,164
229,212
.2,056,200
179,373
Interest
on
266,523
Interest
on
-
2,474,975—:
156,277
26,046
General expenses ——:
,s
14,578,981.
16,827,940
Balance
Interest on debentures
Dividends
(Including Domestic Subsidiaries)
v
Inc.—Declares $1.25 Dividend—
23,019,637
8,440,655.
26,820,874
9,992,934
Income deductions
with SEC—
Nov. 20 filed a letter of notification with
317,462
919,786
income
Interest
14 declared a dividend of $1.25 per
22,702,173."
alphabetical
mechanical
United^Carr Fastener Corp.—Earnings—
share on
the common stock, payable Dec.
31, 1946 to holders of record Dec.
16, 1946.
Distributions of 25 cents each were made on March 15,
June 15 and Sept. 15, last; Total for 1946 amounts to $2 per share,
directors
298,022
16,327,930u
25,901,088
taxes
income
9,117,682:
10,604,623
329,948
8,573,742
—
5,247,297
8,666,488
9,995,910
Maintenance
Gross
V
W,::'■
'
1945
1946
Sept. 30—
12 Months Ended
Subsidiary Operating
State
it is
to arrange companies in exact
However, they are always as near
NOTE-—F*t
103.75 per
Proceeds will
obligations,.
notes receivable, $486; accounts receivable, $804,283; mate¬
supplies, $626,983; prepayments, $140,802; other current and"
assets, $21,766; deferred debits, $119,281; total, $260,890,105.
Depreciation —
State, local and misc. Federal taxes
for $56,000
$8,243,33X
$9,822,322
$1,204,557
SEPT. 30, 1946
rials and
$11,722,916;
declared Sept. 30, 1946, $1,166,567; interest on money bor¬
$341,667; income, property and other taxes, incl. estimated
taxes payable on 1946 earnings to date, $2,775,532; insurance reserve,$1,204,126; funded debt, $40,000,000; $3.75 preferred stock (250,000
shares), $24,500,000; common stoek (4,666,270 shares with book value
of $32.56 per share), $116,655,750; capital surplus, $3,699,117; earned
surplus, $32,122,075; total, $234,188,650.—V. 164, p. 1332.
position
$2,167,168:
9,241,287
$1,970,511 $12,795,188 $11,408,455765,954
2,972,866
3,165,118?.
ASSETS—Plant, property and equipment
dividend
order.
675,000'
jr
nat.
—
(net)
& oth.
675,000
064; total investment and fund accounts, $214,006,648; cash in banks—
on
demand, $7,741,220; special deposits, $3,545,270;-working funds,.
rowed,
possible
V"
construction proj¬
LIABILITIES—Amounts payable for oil purchases,
transportation
>
8,437,934
1,207,228/
851,792
9,456,956
1,274,165.
1,613,870
'31,032
203,107
105,400
BALANCE SHEET,
accrued
Net
16,840
income
Net
.
1946—12 Mos.—1945
$2,087,497 $14,408,573 $13,339,122
199,009
income
$66,302;
placem't of worn cut
obsolet equip., etc.
1,879,268
gas
taxes
Gross
88,471,810 110,071,734
16,287,172
5,882,146
921,502
—
(CORPORATION ALONE)
deductions—
Oper, rev.
Net int.
$9,788,082
1946—3 Mos.—1945
$2,325,876
gas
244,913
1,069,032
166,081
$1,093,249 $11,373,256
Amortization
Thompson Products,
"
52,536
or
2327.
—V. 164, p.
The
INCOME STATEMENT
87,402,778 109,826,821
35,178,287
paid
for
Prov.
ects,
$2,156,570
Period End. Sept. 30—
Other
$
284,375
income
Interest
"
1946—Month—1945
1946—10 Mos.—1945
$2,036,747
$879,839 $17,241,891 $17,848,020
-
V
$
$9,954,163
290,715
41,452
64,677
interests
Federal
$1,134,701 $11,663,971
♦
min.
to
applic.
391,242
Cr70,243
151,788
27,159
$2,221,247
Balance
253,422
Cr21,890
./
76,170
Cr241,282
14,812
Crl8,350
19,703
16,383
•
construe.
to
" ;V 46,260
-
——
——
Net oper. revs.
1946—9 Mos.—1945
428,029
Purch, of crude oil, etc.
Selling, adm. & gen. exp.
Federal, State and local
certificates
Thcrmoid Co. (& Domestic
V'V,.
-
chgd.
241,66T
—
'
loans,
series E
"Period End, Oct. 31—
•'
etc.)
Int.
Prop, retir. res.
$
$1,900,871 $14,636,706 $13,239,877
750,000
2,884,425
2,525,008
'
Portion
pur¬
on
11,604,403
$1,849,789 $14,147,594 $12,668,950
51,032
489,112
570,92?
bonds-
Other taxes
chases, etc.
The company on
»
•,
dividend of 25 cents per share on the
31,042,496
discount
Cash
Pacific Ry.—Definitive Bonds Ready—
for general and refunding 3%% mortgage
due July 1, 1985, are now available at the Chemical
Bank & Trust Co., New York, N. Y., upon surrender of the outstanding
temporary bonds.—V, 164, p, 2327.
bonds,
coll. tr.
Consol. net .income
1946—3 Mos.—1945
Sales
Texas
Definitive
'
on
,
SEPT. 30, 1946
banks, $2,251,338; accrued Interest
receivable, $423; notes receivable, $9,600; accounts receivable, $610,625;
inventories, $427,567;
investment securities—at cost, $46,475; long
term notes receivable, $40,831; securities of affiliate—at cost, $550,704;
indebtedness of affiliate $137,969; fixed (capital) assets—cost, (after
reserves
for depletion, depreciation and amortization of $10,279,547),
$13,737,362; other assets and deferred charges, $116,664; total, $17,gs| $29,558.
"
' . -»•' .
XIABILITIES—Note payable—Guaranty Trust Company of New York,
$264,000; accounts payable, $188,978; accrued salaries and wages, in¬
terest and royalties, $52,891; accrued taxes—other than Federal income,
$100,539; payroll deductions for savings bond purchases, $876; em¬
ployees Federal income and social security taxes withheld, $7,739;
.reserve
for Federal income and
excess profits taxes—prior years,
$57,397; Reserve for Federal income tax—current year, $82,525; long
term
liabilities (note payable—Guaranty Trust Co, of New York),
49,449,667; reserve for contingencies, $2,435; comraoa stock ($1 par),
$1,062,663; capital surplus, $874,621; earned surplus, $5,785,229; total,
$17,929,559.*—V* *64, p. 1766,
\
*
163, pp. 3292 and 2342.
V.
ASSETS—Cash on hand and in
Tjr
Int.
706,500
mtge. bonds
debentures
Oper. rev.—nat. gas
The directors also declared a
loanslntbe^
stances
1
outstanding stock payable Dec. 3 to stockholders of record NoVL 20.
last distribution .was 12J/2 cents per share on Sept. 15, 1944.—
;
.
On Oct. 4, 1946, a prepayment was made on the bank
•mount of $501,667 and further prepayments will be made
,
on
(E.S.T.) Dec. 13, 1946,
will be mailed on or
The
$137,990
carried to earned surplus———
outstanding
Earned
24,000
$360,646
16,989
applicable to minority interests.-
Net income
Shares
60,787
minority interests-—-—.
Net income before
Income
$161,990
$2,949,399
income
Gross
Int.
Other deductions
to
Period End. Sept. 30—
$421,433
depletion-
9,463
(net)
13 authorized the granting to stockholders of
business on Nov. 22, 1946, of pro rata rights
aggregate of 37,214 shares of capital stock, at
the rate of'" one-sixth of one 'share lor each: share then held at,( the
of
close
the
at
subscribe
to
99,433
for Federal Income taxes
Provision
f
Stockholders
$2,939,936
revenues—
oper.
Int. on
^
Union Oil Co. of Calif.—Earnings—
,
after depreciation and
' '
Net
Other income
directors on Nov.
The
record
Cr543,33*
Cr97,780
10,748,331
2,495,086
2,327,099
Other int. (notes,
$
Net income
y'--[vi:1
.iv> -.
Chemical Corp*—Rights to
Unexcelled
,>
v,
'f
.
v'r,
taxes
$364,516
+$2.22
Mass.
388,558
128,319
—
Additional depletion on excess of
Gulf of
Fohs
properties over
„
7*i.i
•'
years
appropriations
—25-Cent Dividend Declared—
$654,094
990,414
Provision for depreciation
Provision for depletion
v
'
1944
1945
1946
Sept. 30—
Subscriptions may be made as the Empire Trust Co., 120 Broadway,
York, N. Y. Proceeds will be used to reduce $344,925 bank loans
to acquire the capital stock of Frank Bownes Co., of Chelsea,
"1946
depreciation and depletion-
before
for
income
Prop, retir. & depl. res.
issued
$1,436,223
income—
operating
—
prior
Fed.
of
Adjust,
New
Producing Co.—-Earnings—
7 i
3 Months Ended Sept. 30—
ITotal gross operating income
Net
United Gas Corp. (& Subs.)~-Earnings—
1946-*3 Mcs.—1945 *
1946—12 Mos.—1945
Operating revenues — $13 503,844 $13,361,012 $60,901,788 $62,520,038
6^25,148
5,959,638 25,984,279., 24,236,681
Oper. rev. deductions—
847,040
1,879,921
5,322,999
9,727,265
Federal taxes
964,621
1.176,573
4,796,365
4,826,073
Other taxes
Period End. Sept. 30—
on
(& Subs.)—Earnings—
v
'
about Nov.
underwriter.—V. 164, p. 2591.
Texas Gulf
$0.51
income from service fees on operation of a sub¬
company.—V. 164, p. 2591.
and contingencies of $150,000. {Loss
after crediting $498,650 under carryback provisions of Internal Revenue
Code.—V. 164, p. 206O.
incorporated in Tennessee
corporation confines its operations solely
nessee.
The corporation's business is produced
the
principal
462,126
$0.60
•After Federal taxes of $344,600
engaged in writing automobile, fire, marine,
liability insurance./ At present,
13
462,126
$0.82
Per share
was
corporation
The
workmen's
462,126
$1.69
profit after charges and taxes.
on 472,500 com. shares—
Net
again amended, which amendment authorized
the change of its name to
the Tennessee Automobile Insurance Co.
jand the Odin Fire and Marine Co.
The present shortened title was
adopted In 1944 -by appropriate charter amendment.
'■'■V
$263,817
gross
9 Months Ended
the continuance
2,
charter
the
1942
•
$303,638
—
as
July
$407,118
462,126
Twin Coach Co.
the Tennessee Mutual Automobile Insurance Co.
1935, the corporation was reorganized on a stock
under the title Tennessee Automobile Insurance Co.
On Aug. 18,
1934,
3
$782,938
outsdg.
share-—
per
♦Includes
Outstanding
100,000 shs.
proceeds will be used to facilitate
growth and expansion of this corporation.
Effective
412,211
prov.
Authorized
HISTORY AND
Jan
676,028
481,958
Nov.
1
PURPOSE—Net
•of the
785,596
531,134
------
sidiary finance
TO PRESENT ISSUE
\
Capital stock
Earnings
shares of capital stock
CAPITALIZATION, GIVING EFFECT
.
938,252
1,178,032
Z.
Shs. Of com. Stk.
Chattanooga,
Co.,
&
Offered—Elder, Wheeler
Tenn., on Nov. 15 offered 26,000
•7 <no par) at $9 per share.
Stock
■
profit
Net
•
:
1,960.970
78,300 Preferred Shares—*
corporation announced that during the three month period;
20, 1946, it has expended a total of $3,771,034, to pur¬
chase "on the New York Stock Exchange and Philadelphia Stock Ex¬
change
78,300 shares
of its $3 cumulative preference stock. The
purchases were authorized by an order of the Securities and Exchange
Commission, dated Aug, 9, 1946, issued under the Public Utility Holding;
Company Act.—V, 164, p. 2060.
The
-ended
con¬
Res.
r
7,
»'
Asbestos,
Oct. 6, *45 Oct. 7,'44 Oct. 9.'43
$4,075,125 $3,689,419 $3,725,665
Oct. 5,'43
V $6)763,516
Ended—
40 Weeks
•Sales
2342.
18, 1946.—V. 164, p.
v%.,V1
Dec.
record
of
United Corp. (Del.)—Buys
Subs/)—Earnings—
Credit Corp. and Atlantic Asphalt Ac
Inc., Wholly Owned Subsidiaries)
(Including Stratford
cents
share on the common
Dec. 30 to holders
«f record Dec. 16. This brings total payments on these issues to S3.50
per share in 1946, as compared with a total of $1.75 in 1945.
,
The usual quarterly dividend of $1.25 per share on the 5 % preferred
stock
par $100,
was also declared, payable Feb. 1, 1947 to holders
directors
The
(&
Tilo Roofing Co., Inc.
Co.—Extra Dividends—
Tacony-Palmyra Bridge
-
& FINANCIAL CHRONICLE
THE COMMERCIAL
*!
2736
890,111
2,020,321
809,475
99,466
359,200
taxes
1,279,528;
2,223,318;
570,345.
•
?
85,442:
431,150:'
increase in inc.126,700
other invests— Crl,637,066 Crl,583,711.
Die same as
the \% cumula¬
15 to holders of
Net oper,
Other
profit
deductions
Deprec.
■
f
Tide Water /Associated - Oil Co.
J*
9 Months Ended
(& Subs.)—Earnings
1945
1946
Sept. 30—
12,871,808
712,494
of undevel. leasehold costs
1,426,992
«
Rentals
*
v
"
$
,
f
"
r
1,109,531
792,096
563,780
3,250,155
2,965,128
4,359,734
4,297,343
23,575,695
Operating income ——w———
Non-operating Income
22,956,442
767,442
.
740,196
837,930
'
"Total
income
2—————li*
16,720,657
235,607
—
Int. and amort, of funded debt exp.
uncertainties
for wartime
Provision
3,642~000
Provision for est. Fed. income tax__
23,794,372
24,315,891
367,922
617,592
& 675,000
9,689,000
1,750,000
{8,940,827
Net
income
the
operations
from
period
for
On
On
common
>
Earnings per common
Together with
transactions) (net).
1946 and $1,671,074 in 1945.
Above
State
1,424,678
3,838,086
7,892,325
>r
$1.88
8,321,205
$1.90
3,827,223
6,971,230
•
statement does not include the
and
municipal
$1.69
other operations (exclusive of inter¬
{Exclusive of net credits of $622,569 in
from
company
governments in
amounts collected for Federal.
the
form
of
taxes
on
sales
rjpwiiDie*. lubricating oils, and other products.—V. 164, p.2591.
214,673
$1.36
$1.81
$1.85
$1.87
liabilities—Accounts
stock
(305,192
earned
shares,
no
par),
$3,690,785;
surplus,
$1,220,768;
total,
capital
$69,438;
surplus,
$7,663,570.-
:•,*.
■
The
pet
on
directors
share
the
on
and the
common
15
Nov.
usual
stock,
declared
extra
dividend
bank loans
of debt discount and expense
General expenses
_——i—- '
State, local and misc.
Federal income taxes
Federal taxes
—
of 30
cents
holders
of record
total .${.50 per share, the Same as
in
in
New Vice-President—
of
...John M. Dry, .Secretary, has been
«
pp. 2862' and. 2688.
w
elected a Vice-President.—V.. 162,
-
' 310,662V
7,170
147,975
Income
V
•——t
40,988'252,808
14,258»
211,425-
> 0"46,67T
7.157.824L
1,195,859*
10,690,132
5,961,9658
Balance
-
1,311,035
11,885,992
1,195,859
Consolidated net income—*....2--Dividend requirements on prior pfd* stock.;-..-
.
8,941,655.
elim. non-recurr, increase in Inc.107,500
frombther'investments
——,—Cr57,147
Spec. ehge. to
^
■
■
,
.
-
1916.
'• ■' .V'.■.■>.;;!.;.;
V ;iV:
^
Merchants & Manufacturers,
United
:'V-.
-■
Inc*—Earnings-^—
1946
1945_
♦$5,264,727 •$1,293,708'
3,901,508
1,264,772?
Earned per shareL——
—
$1.33
f$0.32?
•In^kddition, the corporation's .share of estimated undistributed^
earnings of unconsolidated companies amounted to $280,898 for the*
1946 period as against $27,080 for the three months ended Sept. 30,1945.
{Adjusted to give effect to 3-for-l splitup in August, 1946.—:
3 Months
Ended Sept. 30—
Net profit after
Number of
V. 164,
30 cents per share
both payable Dec. 10 to
Nov. 30. Payments in 1946 will,
1945 and
an
quarterly dividend of
250,224
404,166
6,831
Amortization
—V. 164, p.
payable, $538,969;' accrued expenses, $447,-
and Railways—
debentures
p.
charges and taxes—
shares—
common
2592.
Extra Distribution—
792,799
share
revenue
274,673
12,485,953
4,157,926
_
.
274,673
412; Federal taxes on income (est.), $682^085; deferred income,
,
1,687,500
stock—
Surplus
274,673
subsidiary amounting
in 1946, $23,087 in 1945 and $36,940 in 1944.
$1,014,373;
tl2,843,050 {13,583,969
*
declared:
preferred stock.
$572,127
ASSETS—Cash, $1,586,478; U. S. Treasury obligations (at cost),
$82,592; trade notes and accounts receivable (net), $1,570,402; inven¬
tories, $1,790,234; investments and other assets, $408,788; property,
plant and equipment, at cost (after reserves for depreciation of $1,140,947), $2,115,088; patents, $4; prepaid1 Expenses, $109,984; total,
$7,663,570^':"
■
capital
Dividends paid or
$564,628
CONSOLIDATED BALANCE SHEET, SEPT. 30, 1946
4,649,044
15,953,215
$552,411
{Includes dividend received from unconsolidated
to $45,532
Zr, / J
^
•
1,810,406
908,630
and
Taxes, other than est. Fed. inc. tax
,
708,330
$414,155
profit-—Cash dividends—..w*—-Earns, per shr. of com.
Stock outstdg. ——
11,912,408
600,003
13,807,329
3,201,590
undeveloped acreage
administrative exps.
of
525,000
net
Consoi.
_
«—
and dcplet.
Dry hole losses and property retire¬
ments (net)
General
2,633,446
'
petrol, prod. 156,167,507 196,037,060 173,484,499
Goid of products sold land sell. exps. 115,690,322 147,179,131 127,768,866
1,042,722
616,575
959,297
Insurance
Amortiz.
,
1944
»Sales of crude oil and
—
1,823,800
235,250.
contingencies.
Prov. for
$
Provisions for deprec.
216,747
155,762
amortiz.
and
13,063,375
'
4m
—
"United Light
Taxes on income-,--.*-—.*
,
| Balance-
less
other income
,
United
The
RFC Debt—Also*
Redemption—
States Finishing Co.—-Pays
Calls $6 Prior
directors
Preferred Stock for
on
Nov.
14 authorized the
payment in full of thee1'
Reconstruction-
balance of the company's indebtedness to the
Corporation. The loan was obtained from the RFC in 1935.
The directors also adopted a resolution calling for redemption oil
Dec. 31, 1946, all of the 1,198 outstanding shares of $6 prior pre¬
ferred stock at $139 per share, which price includes $39 in dividends:
accrued to the redemption date.
A dividend of $39 on the prior-
unpaid
Finance
[Volume 164
by
such
Chase
New
of
National
York,
N.
Y., on Nov. 30. •
also authorized payment
The board
result
a
stock issued pursuant to
recently
.
declared
redemption
of
the
of
Dec.
on
Dyeing Co.,
Queen
interest
and
all
the
of
of
7%. preferred stock at $204.50 per share,
$04.50 of accrued unpaid dividends to Dec. 31,
Douglas Dillon
of
the
Ernest B.
Mr.
United
Tracy who
Dillon
York,
N.
/Mr.
is
Nov.14
on
States
has retired
Chairman
of
Securities
this
shares
Read
(a)
1928.—V.
been
has
1927,
and
164, p.
President
of
United
United
of
States
2194,
'y
.y
since
/■' Z
;
<
'
Foreign since
October,
&
States
International
&
United States & International Securities Corp:—New
President—
See United
hi
option of
of
(b)
;
Net profit before taxes
:Net profit after taxes;
785,000
478,000
'.Earnings per common share
—v.
164, p. 2451.
Universal
N.
J.
$0.39
r
•
"
Pictures
Inc.,
a
whjlly
and
The
entire
sub-standard
of
Bell
the
chased
for
sonnel
and
&
branch offices in Chicago, New York,
with the dealer and agency
the
Eos
Angeles,
Bell
ar.d
Wbrld Films,
Universal
distributing system,
stock
transferred
have been
(9)
Inc.,
the
United
to
affiliated
closely
already
Electric.
Electric to con¬
common stock
3.60% cumula¬
2,897,500 shares
of
Electric
Potomac
stock
of
$10).
(par
common
dividends
after
with
the
obligations to that company.,
proposes to cause Rockville Railway and
in connection therewith, to acquire all of
Falls
remaining
(10)
'
assets
'
•
•••
of
and
companies
these
*
assume
all
of
owned
Rank sub-standard
sale
the extent necessary
Rank
who
Co.
tion
through
Chairman of
will
of
and
■'
Universal
The
Pictures.
himself
key
to
Col.
the
executives
James
M.
coordination
of
the
Vice-Presidents.
Edmund
L.
of
,
Mr.
company
Dorfmann
(11)
Cclonel
a
General
on
in
charge
Elsenhower's
staff
during
the
:
f
'
v..-.
-
•
•
' ' £
■
Price,
25
cents
share. Proceeds
a
property,'•*
will
be
used
for
of
^
Washington Railway proposes to pay all transfer taxes (if any.
payable) resulting from transfers of stocks to holders of record
stocks and to holders of record of the participating units (but
their
under
assignees)
(13)
the
1
Washington
yet.
which
after
Railway,
transfer
to
proposes
all
its
of
plan
the
remaining
declared
is
EARNINGS
Sale
of
•
assets
Potomac
to
Electric,
QUARTER
ENDED
operations
30,
1946
'
states
-I.
3L860
~
v
'
Period End. Sept. 30—
$149,591
Vl
Total income
Operating
Operating
.33.024
Research
expense and miscellaneous
Reserve for Federal income taxes
6,000
Total surplus,
Crl52
$102 562
CONDENSED
Net
'9981910
Sept. 30, 1946
SHEET,
SEPT.. 30,
to Sept. 30, 1946, $3,500,197), $933,339; processes and
assets, inch goodwill, $1,269,677; deferred charges and
$15,231;
$22,834;
charges,
$255,817;
for
reserve
securities
common
for
reserve
income
for
reserve
wartime
and
accruals,
taxes
contingencies
postwar
reserve,
$142,206;
stock (par $100),
and
and
and
adjustments,
preferred
$281,985;
stock
other
in
will
hold
Rockville
of
Potomac
30,
stock
of
80,611
:
bonds.
utility
55,050
The
parts
?
387,281'.
,281V
pit.
18,442
212,145
2,862
-
92,395
Cr2,212
-
108,051
y,
...
stock
for
period
$2,142,101
$3,100,609
applicable to pid,
$3,709,376
608,767
$142,075
$217,358
$1,519,583
non-recurring
benefit
tax
in consolidated Federal Income tax
from
622,518
participation
r
Sd-
returns.—V.
Lt i
164,
and
which
with
Weatherhead Co.—Debentures Offered—Halsey, Stuart
& Co. Inc. headed a group which on Nov. 20 offered $3,»;:
;
V
$905,441
'
$1 51
3.50%, according to maturity.
The initial
maturities
11
on
on
50%
all
of
the
owns
all
of
the
of
common
in
each
accrued
case
UNDERWRITERS—The
from
Oct.
1,
govern¬
number
others.
of
Its
valves,
different
principal
itema^
product*
carburetor parts,
drain
engines,
special
and
machine
screw
of
names
debentures
the
several
agreed
to
&
underwriters
be
and
by
purchased
'
the
them,,
$1,400,000
600,000
Co...
600,000
Mullaney, Ross & Co..
Mason, Moran & Co-
200,000
Thomas &
100,000
100,000
CONSOLIDATED
INCQME STATEMENT
6 Mos. End.
3 Mos. End.
"...
...
Calendar Years
Sept. 30, '46 June 30, '46
Gross sales, less returns,
Cost
Of
Sell.,
adm.
Prov.
for
1944
5,442,355 ;
22,767,540
2,743,969
$280,703
$1,335,624
187,737
$3,596,345
63,486
$430,655
$344,189
$3,737,760
118,512
$1,523,361
225,333
45,000
219,010
<
exp.
gen.
1,366,660
3,000
16,804
sold-.—
&
doubtf'l
9,635,313
681,510
1,500
$413,851
goods
Gross
Other
1945
i
$6,539,218 $11,285,677 $26,847,133 $28,212,622
*
etc.
accts.
profit
income
Total
Income
Other
deductions
Federal
normal
find
tax
21,611,0®«
3,005,18»
-
,141,415
49,661
•
t
130,000
taxes
y
28,300
48,900
Cr3,823
prior
2,45u,295
$132,247
v
.
20,250
■
Z' Z- V 993
years
provisions
Postwar,
.
476,540
Cr470
$226,517
of
: 146,900
'
inc.
on
(net). *
Adjust,
198,065
.
income
surtax
Fe0.:exc. prof*: taxi (net),
fi
Cr6,32*>
100,00ft
conting..
etc.,
Balance
$847,833
$580,400
-V.;164, p. 2327.
Webster Tobacco Co., Inc.—Form
The New York Stock Exchange
stock,
common
with
temporary
of Certificate—
15 directed that deliveries at
on Nov.
and including Dec. 3, 1946, may be made eithw
certificates or with permanent certificates; that
to
up
ginniiig'Dec. 4, 1946, only permanent certificates shall be a
—V. 164, p. 2327.,
"I
X
i
'>
V ' ,>
f
"
>
f
6
*
^
'
Uy
V
'
delivery^
-y.
y
)
f
Wellington Fund, Inc.—-To Pay 70-Cent Dividend— Z
'
Nov.' 18,
On
share,
12
represents
cents
58
declared
y.
v-r.
$160,000
2'/2%
160,000
:
be summarized
as
follows;
y,
160,000
V-
v
*
Railway
proposes
to redeem its $3,500,000
l3/4%
1947, with funds to be provided therefor
capital stock of Capital Transit Co. owned
160,000
.
1
a
from net realized securltUw
each were made on March 31, June 3#
distribution
v
160,000
J.,
before 4 p.m; tin: I)eci-16,
on or
-'■■'-■■/■.V,
-
3%
cause Potomac Electric to call
outstanding $2,000,000 6%. preferred stock
preferred stock, with funds to be
provided for such redemption as set forth below:
(3.) Washington Railway proposes to cause Potomac Electric to be
recapitalized by increasing its authorized capital stock from $30,000,000
3%
160,000
'
160,000
PURPOSE—The
proceeds
Wentink Industries, Inc.,
.
,v.y.
used
Such
to
> -
'''-. y
Grand Rapids, Mich.—FllcN
Nov. 13 filed a letter of notification with the S8C
for 25 000 shares ($10 par) 6% cumulative preferred and 35,000 sharo*
(no par) common. Prices, $10 a preferred share and $1 a comma*
share. Proceeds will be used for purchase or construction of manufac¬
turing building, purchase of equipment tools and machinery and for
operation of business. Issues not underwritten,
*
The
company
on
Period End. Sept.
Operating
-1945
revenues
9,361,263
taxes
—.
for
Federal
12,587,898
11,411,880
1,423,621
1,795,895
2,212,184
3,196,942
1,803,827
3,000,54ft
282,460
3,510,600
2,340,034
2,958,256
2,181,041-• 1,992,781
———
than Fed.
other
depreciation—
Amortiz.- of pit. acquis.
adjustments
Prov.
8,536,277
1,400,284
2,473,510
Operating expenses
it.- ^
Maintenance
Subs.)—Earnings-
1946—9 Mos.—1945
1946—12 Mos.'
$24,000,977 $23,778,520 $31,866,510 $31,671,911
30—
taxes
210,507
Z. 210,507
2,643,000
1,523,400
$5,731,372
$7,879,750
inc.—
on
resulting
refinancing »—
from
Reduct.
—
Income
.
Non-oper.
$6,182,054
—
1,830,758
/c
211,9S5
Crl, 161,624
1 -■
■——
$8,369,282 " $8,142,470 $11,893,698
2,358,388
3,550,142
% 1,746,450
1,002,669
$5,784,082
1,336,891
$8,343,556
1,002,668
$3,348,628
$5,611,163
$4,447,191
$7,006,664
4,447,191
3,658,047
3,348,617
$4,447,191
$7,006,664
dividends
Preferred
480,532
450,682
income
Gross income
2,843,60ft
$7,534,459 $11,221,69ft
608,011
672,006
„
6,613,832
Balance
bank
replace
net
indebtedness
will
1,336,898
stock and
surplus bef. spec, tax
adjustment
^
Tax adjustment —
as
above.
Earns, per share
2.90
3,348,628
2,690,806
2,920,357
on
.
$3,348,628
$5,611,163
2,$1.51/
v
$1.25
V. 164, p. 1917,
3.00
3.10
3.30
1962
West
Point
Z
Extra
Manufacturing Co.
Stock Split-Up
Voted—
An extra dividend of
3%
-
'
'
Dividend—
■
has been declared on
13 to holders of record
(15 cents per share)
1963
the
JSfOV
1965
3.40
1966
'
'
3.35
3.375
3.50
change the
there were
360,000 share3 outstanding)
to 1,440,000 shares, par $5, f°ur nev
shares being issued in exchange for each $20 par share held.
,
During the current year, the $20 par stock received four quarterly
payments of 75 oents each, and, in addition, the company on Aug. 1,
proceeds are estimated at
$2,881,158.; Of these
applied
indebtedness
represents
com.
.
1964
;
'
3% •'
be
for
surplus
935,000 shares
to the payment of the company's
that amount, and $300,000 will be
funds recently applied to reduce its bank indebtedness.
$600,000
outstanding
Sept. 3%
of $1,515;
1946.—V. 164', p. 2451.
;■ v: -,.
"
1957
3%
160,000
its
,
with $1.15 in 1944, $1 in 1943 and an average yearly
dividend over the life of-the Fund^of about $1 per share„»«,'^ Shareholders'wishing-tO receive all or part of the current divtdemt
in
stock should notify the corporation,
107 Noi; 7th St.; CamdeiH
2.75
3%
160,000
the sale of shares
by .Washington Railway;
v
.
^ (2.) Washington Railway proposes to
-
cents par
70
.Payments in 1945 were as follows: March 31, June 30 and
cents each; and Dec. 27, 90 cents; of a total for the year
2155
2.65
1955
2%^.
2%
160,000
2.35%
1952
WSL
'
2^V: M
bank loan notes, due Jan. 31,
cumulative
of
which, compares
3.20
1
>
dividend
2.45
2»/a
'-i
of
c.O
■
2V2
'160,000
^60,000
Yield
(October 1)
Coupon Rate
314'
--
a
1946 to shareholders of record Dec. 11, 194A,
cents was declared from ordinary net incom*
27,
Dec.
distribution
this
Of
and
directors
the
payable
profits. Distribution of 20 cents
and Sept. 30, this year. ■
1946 to
3.25
of
of
amounts
Otis
Bal.
Amount
capital
stock
interest
delivery.
Maturity
stock
common
shares)
of
1961
all
turbine
gas
$4,351,296
1960
5 %>%
for
for
.
public offering prices of the debentures of the respective
prices which will result in the respective yields set
Plan.
company's amended plan
(120,000
^
1958
$5,000,000
and
fuses
are
below, plus
date
I
1959
redemption
bomb
Canadian
dash
controls,
hose assemblies,
miscellaneoo*
refrigeration and air conditioning, pressure and
liquefied petroleum gas equipment, fuel control
.
to
3'/4
for
from
fittings,
respectively, are as follows:
V
4 ,' V
Halsey, 8tuart & Co. Inc....—.—..—.
Harris, Hall & Co. (Inc.).
000,000 serial debentures of the'company due annually
2%
and
great
a
slightly
pressure
i 1
<
^ V/4
-
of
of
and
-r;
principal
2195.
p.
iin,
Mr
*
160,000
Washington
States
~I
'
i
160,000
(1.)
regulators
products.
Taxes,
■
160,000
from
cocks,
consisting
United
program.
only
vary
parts sold
mechanical
mechanisms
'
(Great Falls Power
The amended plan may
parts,
the
of
war
high and low
for
Angola,
whick
equipment, and sold to jobber*
During the war the company
equipment.
manufactures
company
shut-off
and
original
as
munitions
the
in
use
of which
include
use
for departments
for
many
758,3^
^Montgomery Bus Lines, Inc., and of The Glen Echo Park Co. Wash¬
ington Railway, directly and through the Rockville Railway, also owns
all of the capital stocks of Braddock
Light & Power Co., Inc. and of
Co.
and
$3,395,794
of
-
•
Co.
Capital Transit Co.
Warsaw
64,282
$4,679,504
55,650 ./ 667,800
income
parent
forth
hearings Dec,
Power
9,447
$219,029
mtge.
v
1948
r
Railway of Montgomery County,
Electric
10,238
$290,286
(net)
■^'Extraordinary
for dissolution of the company and incidental transactions.
Washington Railway owns all of the capital stock of Washington
&
$3,331,512
Balance
the
The SEC
1,010,000
$4,598,893
5,854
Divs.
general, $513,373;
marketable
Washington Railway & Electric Co.—Hearing
'
1,010,000
$209,582
1,124*272
1,336,044
chgd. to construe..
Net
ex¬
4
-
for
replacement
..
income after charges and taxes—/.
per share on common stock
p
as
-income
$100);' $1,304,800;-
FOR QUARTER -ENDED SEPT.
y.'-
V? 84,168
17,424
governmental
Earned
—V. 164, p. 2195;
-84,168
$286,048
■/—
dividends
Warren Petroleum Corp. (& Subs.)—Earnings-^/
Net
approp.
revenue-
acquis, adjusts.
$3,225,800; capital surplus, $65,466; earned
surplus, $1,038,006; total, $8,948,288.—V. T64, p. 55.
EARNINGS
on
Int.
$100,000;
(par
1,945,368
Cr942,755
Other in.t and deducts..
total, $6,848,288.
payable
1,888,077
144,767
"111,231
income
Amortiz.
intangible
prepaid
LIABILITIES—Accounts
City,
Ont.
West Penn Power Co. (&
Int.
1946
1929,
payable,
Columbia
Thomas,
with SEC—
lT3Z095
income
Gross
ASSETS—Cash, $872,279; marketable securities (amount at market
quotations $2,108,566), $1,903,123; accounts receivable, $221,319; in¬
ventories, $1,544,497; other investments, $188,817; plant and equipment
<after depreciation,
amortization and obsolescence reserves—July 1,
penses,
ments
N.
125,352
res.
oper.
Other
$1,101,472
BALANCE
431,448
—_
•Special deduction
Prop, and other taxes-
42^000
...
—ZZZZZZZZZZZZZZZZZZZZZZ
1946—
at
proprietorship of the same
1919, had been conducted bymanufacturing plant andl
131st Street, Cleveland, Ohio.
Thw
principal
East
St.
at
manufactured
primers,
$924,154 $12,188,198 $11,522,055
374,406
4,297,939
4,110,903
$1,040,111
.
expenses
special deduction
32 205
^
reserve
_
1,
v
1946—12 M6s.—1945
1946—Month—1945
revenues
Prop. retir.
income
/'
y;;-V
Co*—Earnings—
Fed. inc., exc. prof, and
other Fed. taxes, bef.
$182,615
chgs. other than Fed. income taxes
Application of inventory replacement
Net
698.
p.
Washington Water Power
'
profit:^^..^.^_«
Surplus July
1G3,
680878
income^
Res. for govt!,
dissolve.—V.
then
would
$gg2 329
;
-"X'' *.'•
*'*
Railway,
(14) Washington Railway, upon completion of the above transactions,
i__
Ty'-i/"
*■ -.
j.
300
plants
sole
a
in
The
20
.
_
_
;r
Gross
Other
SEPT.
detinning, smelting and other factory
♦Charges against sales
Depreciation reserve
resale
also
company
plan
including those which it would have assumed of
Rockville Railway and Great Falls, would be involved In such assump¬
tion of liabilities by Potomac Electric.
The plan further states that
there are no known contingent liabilities of said companies.
Co.—Earnings—
FOR
products of
for
effective,
would assume all liabilities of Washington Railway.
that all matured liabilities of Washington Railway
would then have been paid so that only contingent liabilities of Wash¬
The
ington
>
at
251,844 shs.
subsidiary, Weatherhead Co. of Canada, Ltd.
plant
a
of
Inception
Jr.
operates
amended plan.
the
^
Vulcan Detinning
business
its
are
one
"
to
not
*
*
order to provide itself with sufficient
its presently outstanding 6% and 5V2%
the capital stock
make temporary
Electric,, in
redemption
of. its
developing mining
k.,.,-
.
•
the
19,400 sha.
300,000 shs.
was incorporated in Ohio Juis«
■
company on Nov. 13 filed a registration statement with
for 400,000 shares ($1
par) capital stock. No underwriter as
SEC
the
(12)
are
.
Potomac
for
r.„
Victory Gold Mines Ltd., Montreal, Can.—Files with
-
has
Canadian
notes.
borrowings, pending the consummation of the contemplated financing
by the issue and sale at competitive bidding cf 140,000 shares of its
new
3.60%
cucumlative preferred stock, at a public offering which
would Include an exchange Offer to. holders of Its preferred stocks
to be ledeemed.
Other funds for this purpose will be provided from
cash on hand and to be received from Washington Railway upon that
company's dissolution.
,
.» '
r '
;/ •
war, was Assistant Chief of Staff for Personnel and Administration
in the European Theatre of Operations.
He supervised the distribution
of entertainment and
training films to the troops.—V. 164, p. 2060.
SEC—
to redeem the bank loan
preferred stocks and for the purchase of
Braddock,
aggregating $3,122,500,
proposes
to
of
are
Vice-President
is
to
cumulative
'X,//././/■'■
Fr$ney,
It
operates
proposes
funds
Franey is President
all activities of the
William F. Kruse.
a, member of Bell & Howell Co. for 17
years, and Edward L. McEvoy,
present head of Universal Pictures' Short Subjects Department,
as
of production,
Ind,
-
Inc., is Matthew Fox,
this post in addition to his duties as Executive Vice-
devote
will
business.
product in the United States.
of
1947,
the board of United World Films,
occupy
President
also
company
r-"/'VX/y
Washington Railway, in order to obtain .funds for the redemp¬
its outstanding 3,500,000 1%% bank loan notes, due Jan. 31,
to sell all of the 120,000 shares of Capital Transit Co.
by Washington Railway" and to apply the proceeds from such
Arthur
country
acquire
offices
$28 34 /
20,000 shs.
par)
(no
Weatherhead,
executive
Outstanding-
3,000^000
their
in the distribution of its general product in this
the reeent merger of Universal and International
Pictures Corp., will now become the prime distributor of the J. Arthur
JT.
to
J.
FINANCING
$50,000
(no par)—.
AND BUSINESS—Company
since
upon
be declared
No
Railway would
Washington
1933,
Albert
low
v•' • yyy/y
,-"V
(par
stock
PRESENT
3,000,000
industries
outstanding shares of
$100) by issuing and
65,000
TO
Authorized
preferred stock
»
7,
EFFECT
.
notes
|gCompany Is engaged principally In the manufacture of
to the
Washington Railway
to dissolve and
Great
Inc.
Co.,
preferred
GIVING
.
secured
debentures
Common
ac¬
plan should be declared effective.
Certain shares of
outstanding 65,000 shares of
common
stock of Washington
liabilities.
Pictures
(plus
4%
$5 cumul.
amended
contractual
Washington and
contacts of the
together
Howell
price
redemption
a
Serial
(7) Washington Railway proposes to transfer its holdings, and cause
to transfer all of the latter company's holdings
Electric upon the payment
\
,
'
1 v
(8) Washington Railway proposes to cause the transfer of the real
property of Great Falls to Potomac Electric in fulfillment of existing
Howell Co., known
Library and comprising 6,000 subjects, has been pur¬
the new company.
In addition, the entire operating per¬
library
at
company
j-
,c
15-year
of the capital stock of Braddock to Potomac
of $632,500 cash to Washington Railway.
Filmosound
as
CAPITALIZATION,
cause
stock,
the Rockville Railway
8mm.
gious films.
dhhph
j.
_
15 announced that United World
subsidiary, has been formed, to produce
entertainment, educational and reli¬
•
>' :
'
-
owned
16mm.
*'.
t'1''
Washington Railway would
be required to surrender their securities to receive the new securities
provided for under the amended plan.
*
•
Co., Inc.—Forms New Subsidiary
distribute
i*. 1 *1.^
*
.•
■
Of the presently outstanding securities of
Blumberg, President, on Nov.
Films,
and
.1
Railway have been or may. be made the basis of the Issuance of
participating units. Each participating unit of Washington Railway
represents l/40th interest in a share of common stock of Washington
Railway, and would be accorded the same treatment as though it
were l/40th of a share of common stock in that company.
Holders
$3,662,000
._
*
11
stock of
delivering to the
thcrof, for each share of such stock 40 shares of the new
common
the
ENDED SEPT. 30, 1946
-.
preferred
Electric.
Railway
the
-
the
the
retire
the
....
h!t!n?an«f °L c*eve'an(j, for ordinary working capital purposes. Tta»
i
proceeds from the sale of the debentures will be
added to the company s general funds.
to
surplus
cumulative, nondelivering to the holders
(i) one share of the new
Potomac
to
holders
(Including Domestic Subsidiaries)
FIRST FISCAL QUARTER
.'.
1.
.
each
for
common
sales
its
outstanding
Washington
St&Jes & Foreign Securities Corp. above.—V. 164, p. 2195.
RESULTS FOR
v
.
from
sum
cumulative
stock
,
United Wallpaper, Inc.—Sales and Earnings—
Het
•
necessary
stock (par 100)
by
share of such stock,
preferred stock
(par $50) of Potomac Electric,
(ii) 3V-i shares of the new common stock of Potomac Electric (par
$10), and (iii) cash representing the amount of dividends accrued
on the 5% cumulative preferred stock of Washington Railway, to the
effective date of the amended plan, less the amount of the dividends
accrued to that date on the proposed 3.60%
cumulative preferred
3.60%
,
Y.
Tracy
December,
the
preferred
thereof,
of New
bankers,
Co.,
&
(par
Washington Railway proposes:
to retire the 85,000 shares of its own 5%
(6.)
callable
ill health.
of
because
Dillon,
the
of
series
presently
company
succeeding
Corp.,
■». *
t
.
of
stock of Potomac
(5.) Washington Railway proposes to cause Potomac
vert
the 80,000
shares of its presently outstanding
(par 100), into 85,000 shares of the initial series of
tive preferred stock, of Potomac Electric (par $50) and
of common stock of Potomac Electric (par $10).
which price includes
1946.—V. 164, p. 2451.
eleeted President of
was
International
&
transfer
the
initial
at
the
United States & Foreign Securities Corp.—New Pres.
C.
and
stock
crued dividends) to be determined by adding 3% of the par value of
such stock to the initial public offering price of 140,000 shares of such
stock sold at competitive bidding in connection with the redemption of
principal amount
registered bonds
outstanding
91
by
Washington Railway proposes to
the
able
authorized
subsidiary,
a
1946, by lot of $150,000 •
first mortgage sinking fund
company's 5%
110% and accrued
preferred
of
shares
400,000
Potomac Electric to issue,
225,000 shares of 3.60%
preferred stock (par $50). Dividends upon the initial series of new
preferred stock would be cumulative and such stock would be redeem¬
recapitalization of the company,
become the senior: security:; of the >
31,
the
at
(4.)
the plan of
effective/ will
$33,225,000
capital.
as
1
company.
The directors
of
and 5,500,000 shares of common stock (par $10). As part of the
recapitalization of Potomac Electric, its capital would be increased to
O
■
consisting
$75,000,000
$50)
in full of its stockholders' notes
with interest amounted to $153,105 as of July 1, 1946.
of all of the
foregoing, the $4 convertible preferred
which together
As
Oct.
made
payment
redemption
to
30, was rescinded in view of the provision
in redemption authorization.
Funds for the
the prior preferred stock
will be available at the
Bank of
the City
of New York, 11 Broad Street,
the directors last
lor
(THE COMMERCIAL' & FINANCIAL' CHRONICLE
Number 4545
in
amounts
borrowed
from
The
National
new
common
stock, par $5,
'*
payable Dec.
"t-"-*' v'>':'S
••
The stockholders on Nov.
14 approved a proposal to
authorized stock from 410,000 shares, par $20 (of which
20'
'•
paid an extra of 40 cents.
y
'
2738
FiNANClAfee^^
-Split-Up of Siock Ratified—-;r
The
stockholders
on
Nov.
Western Union Telegraph Co-Earairigsf—
f
Period End. Sept. 30—
14
approved a proposal to change the;
authorized capital stock from
410,000 shares, par $20, to 1,640,000
shares, par $5, four new shares to be issued in exchange for1 each $20
«.jpar share held. * —
-i
'«
'"
■
the
Operating revenues
Operating expenses
-
Net
15,888,436 135',146,446 141,955,502
16,191,793
17,864,709 142,046,587 129,864,790
revenues.
*826,640
Ord. inc. non-commun..
195,914
Gross
fiscal
years,
it is impractical
furnish comparitive figures of
to
at
this
time,
income-
from
1,190,148
ord.
Net
ord.
*630,726
*1,797,106
522,023
inc.-
income
548,077
Net
*5,709,991
4,805,492
war,
12,839,726
from
*1,141,763
inc.—
net
'
.
month.
income
trans,
1,674,789
and
20,000
1,815,000
12
31, 1946, the consolidated balance sheet showed current
.$25,577,109, including $8,223,628 of cash and governments,
liabilities
of
$8,520,454, malting net working capital
$17,050,655. A year before, with only Dixie Cotton' Mills consolidated,
current assets had been
$16,149,334 and current'liabilities $6,758,114,
making net working capital $9,391,220.—V. 164, p. 2061.
We
*1,141,763
*6,018,065
*8.259,231'
*200,211
164, p. 2195.
Taxes, ©the*
income
Prov.
for
than
company
18,097
23,153*
31,500
31,500
47,280
84,800
.
depreciation—
Fed. taxes
incofti&L.
on
income....
40,500
112,500
Non-<oper, incomfc"
—
$275,782
$277,089
1,253,586
791,804'
Gross incdme
336,370
.
Net
*
income
Western
v"'': I^estdr'
336,796
$844,906
—
448,635
$130,790
Asiatic
on INTovv
Gross
than
.
Portsmouth
PrdV*.
fr,
1,510,929
Prov.
J.
for
2,577,356 "
6,023,22^'
3,700,714
of
record. Dec.
663,590
184,210
incl.
209,594
213,469
*■
15,
made this year on* Jan.
an
extra
dividend i of 50*'cettte
dividend of
75
cents
.
2,0516,187
1,154,000
-;l;l5i0MP.
252,000
-
(est.)—
5 and July 1,
making a total of $1.50 for the
The common stock' did not receive
any dividends in 1945;.
1,085,887
'
$2.87
3,188i04t
$3.21'
/ The usual
quarterly dividend 0531*4' cents p&r shate* oh
th'e$25pAr
value 5% preferred stock was also
declared for the quarter
ending
Jan. 31, 1947,
payable Feb. 1, 1947, to holders of record Jan.
15, 1947.—
V. 164, p. 2592.
on
the
no
a
to
name
agent,
$3.61
'
and
par
tribution
addition
Mr.
the
to
nel!
thereto
Anchell. of
stock
common
Anchell
optioned
the
by.' Herbert L.
underwriters.
pirdbeeds
be '^apprdximi^
-
company1 will'receive
,
at
5
-
'
•
.
.
uport
$8.50
$87,125
common stock
10,250 share! of
.
the
stock
will
on
National
City
Bank,
New
York.
Registrar,
New York.
a
18,
wholesale
successor
1928,
In
and
infants'
amount
are
Marshall
&
F. Gillespie & Co., Inc, and Childs, • Jeffrjiir!
the principal underwriters, with Courts At" Co1.,- *
and Minot; Kendall & Co,, Inc., as subi*
;
Co.
V
.
Eactf uhderwrlter^severally. ahd not
pu% *
to'
RUNNING BALES
(Counting
round
as
half bales and
underwriters, at $10 per share: £E: F; Gillespie"& Co., Inc.,,
shares; Childs, Jeffries & Thorndike, Inc., 6,000 shares; Courts
& "Co., 1,000 shares; Maxwell, Marshall & Co., 600 shares,' and Minot, ^
Kendall & Co.. Inc., 400 shares.
*
J
.
:
'
"V
t
•'
•
••
-
COMBINED STATEMENT OF
;
.
,
.
.
Gross
•••"
'-'1945
.6 Mos. Ehd';
June 30,'46
-
-
j.
Calendar Year^r
.
1943
1944
sales, less disc'ts,
—
$1,408,274
$2,053,887 -$1,867,673
875,963.
1,349,973
1,265,245
263,829 '
468,676
421,980
$1,307,064905;"587
•
291,350
Other
income
Other
in
normal
exc.
Puerto
-V.
1937
a
new
wear
dis¬
department
:
2,071'
9,633
'3,606
17,527
15,822
47,920%
18,410
~23~391
taxes
income
164, p
■
20,470
71,261
22,629
$177,377
inc.
3,563
$113,719
59,205
surtax-
prof, taxes___
Rican
6,011
$121,079
16,293
8;003
$101,111
$61,84§
-
.2593.
York Corrugating Co#—Declares Extra of 40 .Cents-^-.
a
New
wholesale
&
$110,156
$186,458
$239,040'
15,654'
$274,101
deductions
Fed;
Fed.
Bank
to
income
3,803
5,620'
-
$180,447
$235,237
$268,481
An
extra
dividend of -40 cents per share and the regular semi¬
share have been declared on the com- •
stock, both payable Dec. 10 to holders of record Dec. 2. Togethm?w *
annual dividend of 30 cents per
mon
with
the
total
a
distribution
of
$1
of
30
made
cents
on
June
25
this
last,
makes,
share paid in 1946, as against 50 cents in
payments of 25 cents each were made on June 28 and
10.)—V. 163, p. 3333.
per
(when
United
Sidtes-
J.'
1.;;
*2,334,399"
M"
'.i'i
■' i-:
-
m
Alabama—
r"
*
.i
-v,
19,098
Florida—
Georgia——**»«-'
Louisiana™—
Ne#
-
Oklahoma
3,518
———————————w———....
—
—.—-i.—————w
Texas.-—
States-?.^-:
-
832
'
9,322
25,573?
•Includes 171,641 bales of the
crop of 1946
counted in the supply for the
season of
1945-46,
bales of the* crope of 1940 and
1944>
8,930
160,413
-
319*
compared with
99,230
400% in Hawaii.
Production
Thes tatistics in this report include 322
bales of American-Egyp1946, 148 for 1945, and* 469 for 1944; alsb: included
are no
bales of Sea-island for
1946, none'Tor 1945, and none for 1944.
The
ginning of round bales has been discontinued since 1941.
Shipments
Stocks
1..
'
^
;'
■.-♦■'
^
••
STAGES,
A"
•;'
■
■";;;• ;f;;
PUERTO • RICO • ANb'' HAWAII
1940-^Mbhtl^—1946
*1945—9 Mo!:—1946
9,326
—
Capacity
used
i.
71,231
117,503
17,153
76,643
125,318
14,595
LL'~.
(Sept. 30)
16,450
11,211
——
—
8,605
50%
1945
Dec;
.
'
:
■
9,912
15,960
Stocks (Sept. 30
4,5l2*
65%
3,904
•Includes
figures
for
Hawaii
from
first started reporting) in May; 1945.
May
to*
September,
14, according to Washington
which added that
awaited
the
east
10
the
gate.
a
:
:
Nov. ;
on
vices from the Associated
ad-
,
PresSi
crowd of 250
j
opening of
'
a.m.
General
visitors
enfeiicer of" theiE1) -
liow^^^
:have?v
own
which is indicated with two
newty 'painted signs, "Visitors Erttrance," indicating the
the first
On
way.
reopening day it
was re¬
ported that 1,925 sigthseers
weftfe
through the newly cleaned
rooiAsr. dUrihg
and
-
White
A
.
the forE^ f;
noon.
minded
public
made
83%
Production
opened again to visitors
1:0-- J10 painted
Clinker:
The statistics for 1946
increase of dl%*
Finished cement i
tion for
]
an
■* **
Period Ended September—
48,182
in this report are
subject to revision when
Checked against the individual
returns of the ginners*
being trans¬
mitted by mail.
The revised total of cotton
ginned this season prior
to Sept. 16 is
1,251,416 bales. V
■
-/
"v —c
re¬
ihdlcated by mill shipments, in Septem¬
PORTLAND* 0EMENT IN THR: UNITED
10,219
and
that
Clinker production of
'
r,
1 which: vTa!
132,737
over
ber, 194$;wasihigher in all^^ districts than;
tlie^^^correspofiding; mofltK
of 1945';
Increases range from 6% in Iowa to 118% in Kansas and
169,639
717,406
681,732
ginned^pffof^tb^ Aug7
-
Demands fOF cement, as
342,914
12,055*
'
ported in the corresponding month? of lN5.
318,424
733,747
143,825
--'S 3,859
163,499
decrease of 41%
a
increase of 53%
an
15,960,000 barrels in ■ Septemberi 1946 represettts
350;033 bVer that* repotted -for
September l(9f45:
192,435
674
September, 194$
This is
Mill shipments reached 17,-
8,421
218,430 "
28,497
in
September, 1945.
917
26,689
272,248
25,521
715,200
153,000 barrels
446,497
5,280 ?
427,408
Sept. 30 total of 8,605,000 barrels.
10,632
-
.
South C?cirol in
a———————————
Tennessee
All other
73,830
19,148
3,335
207,597
a
from that reported in
■468,888
49,715
——
North
345,348
12,337
153,999
361,405 if
38,960
Mexico—
3,988,150
■vn'V"'lyy;i,
228,996
Arkansas
to
1944,
;, 2,177,768%
ifjjhT'ri'.nV;' T:,- -1",
183,311
Arizona.
September; 1945. Although 83% of ca'pacitjf Was^^ utiiizedrprbduction did not meet demands and mill stocks cbntiiiued to decline
exdudlhg lintef!)'
1948
.
-
*
INCOME
_
-
ed for
1948'
:
to! the
September Portland Cement Output Up 67%
Oct. 8,
State—
-
reimburse
the
in
White House Reopened 7compiled ftorn. the. indi¬
To Visitors
the^giririSrs;-shows asifollows the number] of(bales
Production of 16,jl50,000 barrels- of finishe4 Portland cement
of cotton gmtted'froih
For the first time since before
thid growth of 1946
prior^ to Oct. 1^1946; U«d during^ September,
1946, reported to the Bureau of Mines; United^
comparative statistics1 to the
the war the
White House was
corresponding date in 1945 end 1(144;
States Department of4 the
Interior; was 67% greater than that report¬
report issued
vidual returas of
;
price of property
capital
was
Cotton Ginned from 1946
Crop Prior to Oct. 1
The Census
Outstanding"
dfviden# of?four?-centsJf# Cie^
distribution of lingerie.
established for the manufacture
of ladies blouses and in
1939 an
department
-
*240,250 shs.
'$180,480- •
<
#
Hhe company and its
predecessors have been engaged* ifi' thd1 manu¬
facture
,
to
Thorndike, Inc.
•
Miskend, Inc., and changed its
present title, Yolande
Corp., on Aug, 21, 1946.
"
its
of
William
Cost of goods sold—_
Sell., gen. & adm. exps.
HISTORY AND
BUSINESS—Company, which is
business established in
1910, was organized Dec.
York, under the name of Lande &
The company on Nov.
14 filed a letter of notification
with the SEC
for* 4,000 shares
($50 par) preferred and
2,300 shares common stock
*"{no par). Prices, $50 and
$5 respectively. Proceeds will be
used to in¬
crease capital. There
are no'underwriters'.
'
.
-
6,000
of the Manhattan
Co.,
Western Reserve Finance
Co., • Cleveland, Ohio—Files
.with SEC—
J.
purchase
Net
Transfer
..
issued
basis
chase the following number of shares out of the 14,000 shares optioned
3,419,4l8
;
$1;11
500,000
the
•
500,000 shs.
$180,430
shares
14,000
and
Maxwell,
2,133,060
—
to
were
on
common
share.
per
mortgage
UNDERWRITERS—E.
2,241,000
Yolande Corp.—Stock Offered-E.
F. GiliespiG ^' Co.,
Inc. and Childs, Jeffries &
Thorndike, Inc., on Nov. 19
offered 50,000 shares of common
stock <piir! $1)' at $10
per share.
,
shares
180;000
par)
par)
underwriters.
557,000
2,085,120
($1
Company
of
Total
stock, both payable Jan. 4, 1947, to
1946.
Payments of* 'J5 cents each were
($100
increased
was
stock,
shares
itself from the* proceeds of • the •
of $141,542, being the total of the* '
purchased in 1945.
The balance* of :
the proceeds will be added to the working capitals
■ >.
/' - -k
;
'
1,043,000
'."Vf
-
sale
sale
*
&
721,00<y-
stock;, payable JattV-2, 1947 to
holders of record Nov.
25, 1946. Previously, the company madei
regular
quarterly distributions of five cents
per share.—V. 159, pi 2117; ;
per share
stock
common
common
2,250
share.
cash
reCOhtly' declared
funds,
whor*
headquarters?,
qualify'directors.
Company will use: approximately $220,523 of such
proceeds for the-purchase of such 10,995 shares of stock* of Island
Needlework, Inc.; - •
- •"
•*■
.}
Company has agreed to call the 625 shares, of 6% cumulative
ferred stock for redemption at'$110-per. share; requiring a total)of ".
805,499
Mlhes;
nadlan
of
Of such
the
at" $8.50
stock
$68,750.
share.
salesmen
and
"The company has entered Into an option agreement to purchase
10,995 of the issued and outstanding shares of capital, stock of Island
Needlework, IhC. being all thereof, except five; shares required to'
"10,695,164
63#,W~
—
—-
through
States
:
'
etc.
.
shares
for
$400,OO0.?. In
the
232,810
Winter & Hirsch,
Inc., Chicago—Files with SEC-^
■
States
United
entire
-
846,703
The company on Nov.
13 filed a letter of notification
with thC SEG
for' 10,000 shares ($20
par) 7% cumulative preferred.
Price,*':$20 pCr
sharo. Proceeds will be
used for expansion of business
arid reduction
in bank
borrowing requirements. No underwriter named.
Directors
of
$1);'
stock
•Include
per
excess
taxes
United
the
the
Anchell, Vice-President and a director, has entered into
agreement with the company to purchase from it 10,250 shares
Real estate
5,455,955 -10,097,619
income
Fed.
in
covering
William
'
4,405,250'* 3,731,288
2,380,496
196,860
|| gram.—V; . 164^: p.-2592.
holder!
1,111,738
if he
Hutching!'*sdiid- the coriipdhy's' contr nXitibif td': tb#
prdgram- for
l946i%wiU'be about".$a5O,9O0iV
- V,.
v
ISfof. '18, the* directors declared
"
products
under
the
trade
name
and specialty shops in about 500
its
stores
4,780,172,
70,292
—'V. 164, p. 870.
,
year.
4,027,853>
3,489,*732
oper.
—
Net' profit
Eakri!.: per com.
Th# money Will' be deposited with The Chase
National Bank of the
City of New York as trustee for the funds and will be
invested for
the benefit of the employees,
;A cdimriitted" of1 five'
company- employee!" frnf a'dmihififef* tfie pro-
Oh
trimmings in the.
certain laces
The company has
except
Giving effect to such recapitalization and the exchange of shares
stock, and the sale and issuance of 10,250 shares of com-',
mbfr stock to Mr. Anchell; and the present
financing, the company's
capitalization was and will-be as follows:
•*>:'
< "
*•
;
3b8.4l9
(est.) —J—-
profits
the first year,
per share and the regular semi-annual
on'the $10 par value common
,,
r
of common
69,589
plant;.—-
*
1,612,259
210,982
for' Fed/
taxes
.
distributes
department
communities
(par
Miskend
accts—
All
Westerft Light &- Telephone Co., Inc*^-Extra*
Dividend
materials
$biufe of^ddr
24,531,177
57,82J,264': 8*,881,600
2,699,601*
7,250,8091:/. 8,211,353
1,245,268
Unamort. disct., exp,' 86
call premium ——i.—
Proport,- of surp; chgel
attributable* to' sale of
regular emuloyfces uridOr 65 who havd bfeen with the
company for
three years or more,
including those in the armed services, are eligible
to participate.
Other employees will become
eligible as soon as they
meet the above requirements. While
serving in the armed forces ah em¬
Mr.
the
of
and
buttons
thread,
All
purchased in the United States.
Authorized
19,986,070
2,389,532
bondSL
on *
.
to
exchange
common
208,859
charges,
dfsct;
The company has over 6,000
employees of which approximately 1,500
will be eligible'to
participate 'in the program for 1946 and about 1,800
for 1947. The-program will include
the company's general offices in
Kansas City and its entire chain of
240 retail stores and, 15- whole¬
sale hdtises operating in 30 states
and the District of Columbia.
:
its*items.
are
;
79,810,940*109,781,545
inc.
lrtcomej
Interest
as
laces;
uses
of
number
shares
Common
expenses—:—
other
Gross profit
Other income
meeting held the stockholders authorized and the directors
adopted a:
unique two-part profit-sharing* and retirement
program for the com¬
pany's employees, to become effective with the
year 1946; the entire
Cost to'be' borhe
by the company.
same
.
.
effected
was
-
and
Prov; for dbtfl.
19:*arindui^Cedthdt1' at^'Jf'apdCl'al *'
ployee, for the purpose! of the
program, is treated the
had? remained- oh thO* Job;
are
*
fovflfi
$1,105,595^
....
.
during-the
V;
territories
ized
in
;
32,713,982
depreciation,
ndnist.
Plan—
fiutchlngs^- 'I^rdslOenit;
for
Taxes;
298,152
$1,082,040
items
fabrics
silk
of
present time approximately twomade of rayon and the balance
12, 1946, a recapltalization of the coniwhereby the number of shares of preferred stock
reduced to 625 shares (par $100), all outstanding, and'the author¬
was
1946—9 MOS/-1945 *
:
28,899,979
depl.u.—
Selling; general and ad-
$348,502
1,055,245
#£530;6l5? $1>403v747
Income deductions
—»
—
.
Prov.
amortiz.
$226,839
984^437
1946—3 Mos.—1945 ■».
$
$
taxes, labor, oth. oper.
chgs. and strike exp,
Repairs & maint. chgs.i;
29,277
»rV Vjin
Cfperatlng
the
At
from
'{^Xf^ALi^A'TC^
Nov.
Gross sales, less discts.,
returns and allows.:Cost of prod, sold, incl.
rtm\e-Ar>
24,550
42,000
72,980
unavailability
f
company
made
items were
certain
and
the
and
\
tile
the New York showrooms.
pany
20 filed' a registration statement with the
for 500,000 shares of cumulative
preferred stock, series B ($100
par). Underwriter, Kuhn, Loeb & Co., New
York, and- associates. Offer¬
ing price, to be filed by amendment. The shares are
being sold in
connection with* company's
projected $132,000,000 plant expansion, of
which $49,000,000 had been
expended up to Sept. 30.—V-. 164, p. 2592.
on
Period End. Sept. 30—
1946—121^08/—1945
$1,519;530
$i;6l5,649
742,865
749,548
360,0461
335,322
Fed.
...w—
'
suppliers for its textile requirements.
and
have
an
Otfc
"•
-<
is
company
cities
Wheeling* SieefCbifite (&Subs.)—Rarning£~-
MilO
the
company's
company
The
BEC
Railways Co.—Earnings—
—
to
fabrics
substituted.
Silk
"Yolande,"
Westingfhouse Electric Corpv-^Kegisters with &EC—
.
of
Operating expenses
Maintenance"
iii-
the
.
trimmings
main
in
current
Mos.—1$4S
$1,151,057 $1,203^686
f\R"i SIM
KA.t ££<Y
563,803
544,660
273,638
243,791
of
Due
manufacture
...
to
surplus
•Deficit.—V.
As of Aug.
1946—9
$12.50,
and
$3.95
$35.00.
December, 1946.
^
earned
the 1945 year, West Point acquired the
agent, Wellington Sears Co., but the 1946
year was the first in whiclr Wellington Sears' results were
consolidated.;
PeriodEhd.Sfept. 30—
Operating revenues
between
and
^
Net
1945 fiscal year. During
stock of its former selling
West Feim
blouses
silk
pure
was
cotton.
*8,239,231
*7,395,065
—1,377,000
;
*
again becoming available to a limited extent but
at much higher than prewar
prices.
Company recently placed orders
for silk fabrics and
expects to produce garments made of silk by
*2,345,183 *10,515,483
7,668,529
10,818
115,309
Dr933,04O
Dr5,060,700
2,160,943 JDr5,060,700
10,986
—
accounted
during
Deduct,
past
(net)
(net)
the
between $3.95
from
rayon
thirds
5,171,197
the
assets
made
were
749,014
The
income
for
the
•1,152,749
inc.
cur.
Delayed income
performance.
However, in the year ended Aug. 25, 1945, the parent company and
Dixie Cotton Mills, had a net
profit of $1,932,436, equal to $3.36 per
chare on the' $20,-par stock thert outstanding^
i Net sales in the 1946
year totalled $58,851,759 against $51,009,794 in
and
$25.00,
wear
Plibr to; thd Wair most of thd items manufactured by
*6,900,139' 12,090,712
♦1,976,273
179,167
and
infants'
of
Extraord.
states
company
ord.
Deduct.
split,
companies
$3.95
lino* cottons;
!»• the first report which consolidates the'results; Ot ■■ the*;
fullyowned
subsidiaries, Wellington, Sears Co. Dixie Cotton Mills New
England Bunting Co. and the 98%-owned Equinox Mill. Since the
;
operat.
For the year 1945 approximately 56% of the company's
was In lingerie, 26% in blouses and'18% in infants' wear;
during the first six months of 1946 such percentages were subsfcantially unchanged.
The lingerie retails at prices ranging between
and
'-j
15,365,153
;
'
year ended
v"
Varhus
was^added.
production
1946—9 Mo!#—1945
$'
Aug. 31, 1946, this company and its subsidiaries
report, after $5,650,606 taxes, including $2,010,000 excess profits tax,
a
net profit of
$5,461,230, equal to $15.37 per share on the 355,180
shares of $20-par
stock, or to $3.84 per share on the 1,420,720 shares
of
new
$5-par stock-to be outstanding following the four-for-one
stock
1946—Month—1945
'
Shows Large Profit for Year Ended
Abg. 31,194(5—
For
Monday, November 25, 1946
newsmen
tour
on
Pearl
House
attendant yer
the
that
:
last
of the building ifcras
the day of the Japanese
Harbor
Ihcltisfvb.
118,317
attack.
For
six * i
New
plant
months prior to that the building
-
had been open
70,890
only
:
and
and
Sundays,
service
men
on
Saturdays
then
only
and their guests.
to
Volume 164'
Number 4545 ..«
-
THE COMMERCIAL &
FINANCIAL CHRONICLE
2739
State and City
Departmexit
BOND PROPOSALS AND
NEGOTIATIONS:
ALABAMA
i
on. Jan.
2; 1947; at par and ' inter*-- $3;O0Q In • 1954 and:
1955; $4,000; in
Notice of acceptance of tenders
est, District No. 4, refunding bonds :
.956, as 274S, and $201,000 matur¬ will be
given promptly. Accepted
STps; 393 to' 490, and" their respec-' ing Dec. 1,
/ Maturity — It is now stated that
$4,000 in 1957, $5,000 bonds with the
ive and: appurtenant
coupon due Jan, 1,
the $280,000 first
in> 1958,
coupons.
$6,000 in 1959, $16,000 in
mortgage water
; .947, and subsequent coupons at¬
The sum of $92,459.33 is availWorks revenue bonds offered for
1960; $17,000 in 1961 and 1962, tached are to
be delivered to said
pubHe subscription by i -Watkins- able:fpr redemption of said,bonpl£ $18,000 in 1963; $19,000 in 1964
Union Trust Co., of St.
Petersburg,
~hterest: ceases on date-called:. ' : and
Morrow: &- Co.,
1965, and* $20,000 in 1966 to :'or
/of-Birmingham;
payment.
to. whom they were awarded
as
Centura County Sch. Dist*. {P. O. 1969; : as -2%s. Interest payable
at a price of' 102.00—v.
J?-D. Dated'Dec;
Washington County (P. O. ::
1,, 1946* penopir
164,
Ventura), Calif.,
P/ 2328r1-mature
!nation $1,000,
Oct. 1, as fol¬
Chipley), - Flit.
Bond- Sale -— The
following
lows: $5,000 in 1949 and
Bonds Voted—An issue of
1950, $6,- jonds totaling $450,000, offered
$80,000 in 1951 and
000 construction county
CONNECTICUT
1952, $7,000 in for sale On Nov. 19—v. 164; p,
hospital
1953
to
or
1955, $8,000 in 1956 to 2596
purchase bonds carried at the
were- awardedto
the
Danbury, Conn.
1958, $9,000 in 1959 to 1961, $10,- County
election held on Nov. 7.
Treasurer, as iy4S, at a
Bond Offering—Albert H. Hene000 in
1962 to
1965, $11,000 in price of. par:
bry;.City Treasurer, will receive
1966 and 1967,
$12,000 in 1968 to $300,000 Oxnard Elementary
sealed bids until0.11 a.m.
IDAHO\
4
(EST)
1971, $13,000 in 1972 to 1975, $14,School District bonds; Due
omNoy* 27, for the: purchase; of ^at ah County Moscow Independent
000 in 1976; and
$10,000 in 1977,
$20,000 Dec. lv 1947 tOf 1961,
Sch* Disti No, 5 (P. O.
$100,000 water system improve¬
giving a net interest cost of about
150,000 Filmore Union Elemen¬
ment coupon pr registered,
Moscow),.Idaho
$6x%;
"
bonds,
tary School Districts bonds. not
Bond
exceeding 2% interest. Dated
Sale—The $65,000- con*
Due $15,000 Dec.
1, 1947 to Dec. 1, 1946. Denom.
;
$1,000. These struction bonds offered for sale on
1956.
ARIZONA
bonds are due $5,000 Dec.
1, 1947 Nov; 1—v., 164,
p.
2328—were
Navajo County (P. O. Holbrook) Dated Dec. 1, 1946. Denomination o:1966. Rate of
interest to be in awarded to The First Trust &
$1,000. Interest payable J-D.
Ariz*
a
multiple of one-twentieth of 1%. Savings Bank, of Moscow. Dated
:
Bond Call
Joseph L. Peter¬
Yolo
rincipal and interest payable at Jan. 1, 1947. Denom. $1,000. These
Coitnty Sch. Dists. (P, Q.
son, County Treasurer; calls for
he Chase; National
Woodland), Calif.
Bank* New Donds are due from 1947 to, 1961.
payment at the office of the State
Bonds Voted
The approving opin- The next highest bidder
The following .York-City;
was
Treasurer, William T. Brooks, in bonds
on of
Reed, Hoyt & Washburn, Fordyce & Co,
totaling $73,000 will be is¬
Phoenix, on Dec. 1, the following sued as a result of
of New York
their approval
City, that the bonds
"'•*
Atmore,
ceecL $1,661,000 available
of
the
bonds
Ala.
county:
;
(a), Tenders
amount
maturity
iprice
%
.
-
■
-
-
"
•
•
(b)
of the bonds
not be considered.
for
25 to 124. Dated June
1, 1935.
Due from June 1,1947 to
1966;
^aid bonds must be presented on
redemption date (with all matured
coupons
attached), i for payment
Boulder County Sch. Dist. No. 17
(Pi O* Longmont), Colo.
Bond
Offering—Gladys R. Em-
hoff, District Secretary, will
receive
Mount
sealed, tenders
a.«i.
Nov.. 25,
on
his
sealed
bids
until
7:30
office,
910
(e)
will
South. Michigan
the
.
Sch. Diet. (P. O. Napa), Calif.
Bonds Defeated
It is statec
for
$10,000, payable
to the District.
—
by the'County Clerk that
at
a
re¬
Grand Junction, Colo.
-
Lakeland-, Fla*
Bond Sale—Ttiei $630,000 sewer
revenue
bonds offered for sale
election
the
voters
turned
proposal to issue $400,000
school bonds.
down
(b)
on
Nov. 18, were awarded to the
Ranson-Davidson Co., and Allen
all
be
$1,000. These bonds are due
$5,000
from Dec. 1,! 1947 to
1966, inclu¬
sive. Interest payable J-D. The
next;
ized
attheelection>
on -
July
property
highest bidders
bonds,
although water
he ample to; ihee;
Weeden revenue /will
price of principal- and, interest' payments.
100.255.
"V
Legality will be- approved by
Myles: Pi Talmadge,. of Denver
SaniDiego County, San Diego City
Bonds will' be furnished:
by the
city. A $5,000 certified check pay¬
Bonds Voted; i--- The
issue o
able to the city, must
accompany
$6,866,000 construction bonds was the
bid;
&
Co.,
for
2V4S,
-
at
a
..
approved at the election
held
cpupops|ii^;i^^4v.;
These obligations will be genera
Yi.y. v
on
■
considered
the
tenders
j; k
for
on*
(c)
for sale
It
is. statec
by John R. McGrath, Clerk of the
—were
on
Nov.
awarded
6~~v*164;
to
p* 2197
syndicate
must
describe
the
r
—
a
{
1, 1945, and Nos. 93 to 100, call¬
1, 1946( or any interest f
able Dec.
payment
Said
date
bonds
thereafter.
are
*
payable
at the
Northern Trust Co.,; Chicago, and;
should be presented with all sub*
i
annum to Dec.
'date interest
(;
1*1946, after which1 ■
ceases.
t
.
Fulton
County Union Sch. Dist.v
No. 66 (PCrO* Canton), III.;
;
;
Bond; Election
/
of
Heldn-An
V
>
issue
/
$27,000 3% construction bonds (
submitted to the> voters afi
was
$1,000. These bonds are due *
Dec. 1, as follows:
$1,000 in '1947^.
to 1965, and'$8,000 in 1966.
;
J j
terest to
the
date
of
delivery,
Harmon
as
Nov. 23. De-
Township
(P.
Harmon),,III.
will
?
0»
%('('k'(;• V.
yield to the district income (
Bonds: Voted.--- At. the Nov.
the
at
average
yield stated in such
election the voters are said ta (
have approved the issuance of the
tender; but in any event not more
than the price in dollars stated in
*$30,000
such, tender.
or
on
nom.
ery of the bonds and to pay therefpr such amount, plus accrued in^
tenders
none
V building
community
bonds.
Randolph County (P. O.
and: any. tender* not
of the bonds offered.
sale of 1-5%
refunding tenders shall remain firm until
bonds, dated Jan. 1, 1939, due Jan
o'clock a.m.* on Nov. 26.
1, 1974; to the City for cancella¬
Tenders
•
•
the election held
All
11
—
receive sealed tenders until 11:00
a.m. on Nov. 29, for the sale to the
bonds • tendered by number, anc
composed
of
Boettcher
&
Co.
denomination and must state the county of series A, issue of 1936,
Board of
Supervisors, that he wil Peters,
Writer
&
Christensen
price at which they are offered; refunding bonds.
receive sealed bids until 10 a.m
Coughlin & Co., and Sidlo, Sim
No tenders in excess of
Subject to the following terms
par will be
on. Dec.
16, for the purchase of ons & Roberts; all of
Denver, at a accepted.
Accrued' interest will and conditions legally acceptable
$8,500,000 airport, Series C bonds price of
be paid to and
100.514; a-net interest cos';
including Dec. 19, tenders received offering bonds
of about 2:42%, as follows:
South Gate Acquisition -and
tin
$10,000 1946, on all bonds purchased. at the lowest prices will be ac¬
Bonds will be purchased to the
provement Dist. No. 4ji Calif4
cepted in amount or amounts suf¬
maturing $2,000 from Dec. l; 1947
extent funds are available
Bond Call
begin¬ ficient (exclusive or accrued in¬
Louise
Workman, to 1951, as 2s, $14,000'maturing
ning with those tendered at the terest payable under the tenders)
City Treasurer, calls for payments Dec.
1^ $2,000 in 1952* and 1953;
to exhaust the sum of not to exlowest'price.
.
-
2, series of 1936, re-r
funding bonds issued April 1, >
1936, Nos. 91 and 92, callable Dec; i
-
v
*.
Chester)}, Illi
i; Bonds Voted—By
a
margin of
better than two-to-one, the voters
approved, at the general election,
the issuance of
$90,000 road im*
provement'bonds.
1
i
t.
Whiteside County (P. O.
*
•
'
Morrison), III.
'
Bonds. Voted—At
election
said
ance
.....
Calif.
County/
(d) "Tenders accepted shalTobligate the district to accept, deliv¬
s
Offering
.
be considered.
5.
Bond
of'
ment on Dec.
dollars which exceeds the par val¬
of the- bonds offered will, .not
tion through its
[:f Walsenburg, Colo*
Sinking Fund Cook County (P. O* Chicago)§111.
Bond'.Sale—The $225,000 water which now/ has*
Tenders Wanted
Victor L.
approximately
Sat* Francisco (City and
County'J i extension refunding bonds offeree $30;000/for such
^
Schlaeger, County Treasurer, will
pnrpose..
Nov.
con-f
Downers Grove Sanitary Dift., Ill*
r
Bond. Call—Maude D.
Upercue,^
District Treasurer, calls for
pay-*
at .the lowest prices;;
Tenders stating a price in
complying with the terms of the
the
be
may
acceptance
none
.
ue
all
Dec, 18
or
the
upon
Nov... 29, at* the
Treasurer's office.
offer¬
Tenders Wanteds—W. D. Fletch^ notice of call for tenders will' be
er, City Clerk, has announced tha
rejected;
the Union Trust.Co., ;of St. Peters
Tenders may be submitted in
Burg,, Fla., as Trpstee for the
the alternative or may be condi*
above City, Will receive, sealec
tioned upon the acceptance of all
tenders until 11a.m.
or
(e). Right is reserved to reject
Tarpon Springs, Fla.
•
before
ings bonds
.
—
alternative
til* 11.00 a.m., oir
Noy. 29, Deliv-*1
ery of bonds must be made on or!
average^ yield to • maturity will
a
.
<
of the bonds offered,.
AH tenders shall remain firm
un-c
Tenders stating the high¬
est
&
CO., of Lakeland* jointly, at a
Offering — Sealed bids
will be received; until 7:30 pan; on price of iOl.OO, a net interest cos
of about 2.48%, as follows:
Dec. 4, by Helen C.
$60,000
Tomlinson,
maturing $30,000 on July 1, 1950
City Clerk, for the, purchase o
San Bernardino
$500,000 1%% coupon water, Se¬ and 1951, as 2s, $180,000 maturing
County, Blooming
dale Sch. Disti (P. Q. San
ries A bonds. Denomination $30,000 from July 1, 1952 to 1957.
J.
Bernardino), Calif.
$1,000. Dated Dec. 1, 1946. Due on as 2%s, $240,000 maturing $30,000
\ Bond
Sale
The: $100,000 Dec. 1, as follows: $36,000 in 1948 from July 1, 1958 to 1965, as 2%s
and
School bonds offered for sale on to 1960, and
$150,000 maturing July
$32,000 in 1961. Bonds
^Tbv. 18—v. 164, p. 2596—were due in 1957 and thereafter will be i960*, as 2 ^4s; Interest- payable
awarded' to a syndicate
composed redeemable on Dec. 1, 1956, and Jr«L In addition to the above cou*
of Blytli &' Co.,
pons, the bonds; will bear interes
Inc.; Wniv R. Staatg on interest payment dates there
Cq+ and. Redfield & Co., all o:: after in* inverse numerical order at ,3%; per annum from the date p
said bonds to July
Lp& Angeles, as 2^4s, atra
1, 1948; there¬
price o;' Prin. and'int. (J-D) payable in
100.454, a basis of about 2.195%. Grand Junction. These; bpnds are after at. 2%% per annum to July
Dated Dec. 1, 1946.
1, 1949; and thereafter at regular
Denomination part of the $938,000 issue author¬
cent
Bond
as
income
sequentInterest coupons attached; '
th§ Pfice in dollars (exclusive of Baid bond$: will be redeemedi at accrued; interest); at which they their face* value of $1„000 each,;
are offered.
plus accrued interest at 2%% per
ap¬
check
accrued
delivery,
Right.is-reserved;toVreject"
ditioned
■
Napa County, St. Helena Unified tified
plus
and any. tender not
complying with the terms of the
notice of;call will be rejected.
; v.r,
;
Tenders, may. be. submitted ihf
until. 11
at, which time
p.m.
proving opinion of Myles P. Tallmadge, of Denver. Enclose a cer¬
amount,
all tenders-
...
CALIFORNIA
such
ithan. the price in dollars stated in
such; tender,
-
Avehue, Chicago, for the sale to
Bond OffeHngr—G.; Edward
Duf* the district of' series B, issue of
and cancellation. Interest ceases on Nov. 29. for the
purchase; of fy, President of the
Board of Edu¬ 1935, refunding bonds,
on date called.
•
$600,000 building bonds, not ex¬ cation, will receive
sealed bids at
Subject to- the following terms
ceeding 2% interest.
Dated Dec. his office, 400
Continental-Amer¬ and conditions, legally acceptable
ARKANSAS
1, 1946. These bonds are due Dec. ican
Building, Wilmington; Del*, tenders received
offering bonds at
1, as follows: $16,000 in 1947 to until noon on
Strong, Ark.
Dec. 3, for the pur¬
the lowest prices will be. accepted
Bond Offering — Sealed: bids 1949, $19,000 in 1950, $18,000 in chase of
"$400,000 series, of 1940 in amount or amounts sufficient
1951 and 1952, $19,000 in 1953 and
will be received until 5
school bonds. Dated Dec.
p.m. on
16, 1946 (exclusive of accrued
interest
1954, $20,000 in 1955 and 1956, Denomination
Nov. 30, by the City
$1,000. These bonds
Clerk, for
payable under the tenders) to
$21,000 in 1957, $22,000 in J958 are due
the-- purchase, of
.$30,000 improve¬
$20,000 Dec. 16, 1947 to exhaust
and 1959, $23,000 in 1960 and
the sum of not' to exceec
ment bonds. Interest rate is
1961, I960.' Bidders to name the rate o::
not to
$6,798,500 available for the pur$24,000 in 1962, $25,000 in 1963 interest In:
exceed 3%, payable J-J.
Dated
multiples of 44 of 1%
and 1964, $26,000 in
chase of the bonds by the district:
Dec. 1, 1946. Due on Jan.
1965, $33,000 Principal and interest payable at
1, as in
1960 and 1967,
follows: $500 in 1950 to:
(a)
Tenders
must
state
the
$35,000 in 1968 the Farmers' Bank at
1057, $1,Wilmington
to 1970, and
000 in 1958 to
amount and maturity? or maturi¬
$37,000 in 1971. Bonds Bids may be subject to the
1974, and $1,500 in
opin¬
maturing in 1962 and thereafter ion; of C. Edward
ties of; and the rate or rates of
1975 to 1980. Legality to be
Duffy, of Wil¬
ap¬ will
be redeemable on Dec.
proved by Wallace Townsend of
1; mington. Enclose a certified check interest; payable on the bonds of¬
1961 and on
any interest payment for 5% of the amount bid.
fered and the average: yield to
Little Rock. A $1,000
certified
dates thereafter in inverse nu¬
check, payable to the city, must
maturity, on the bonds at the price
merical order.
The District will
at which they are offered and also
accompany the bid.
FLORIDA
furnish the bonds and the
ceive
-
county
they Will be pqblicly opened at
Pleasant Specified
Sch. Dist., Del*
re¬
will
fat the average yield stated in such
tender, .but in any event not mor§
ILLINOIS
DELAWARE
•
offered
interest to the date of
.will yield to the
Chicago Sanitary District, III.
Tenders \Yabted —r- Frank O.
Treasurer,
at
(d) Tenders accepted that ob¬
ligate the county to accept deliv~
ery of the bonds and to pay there¬
—
District
(ex-
Tenders stating the high¬
value
.
Birney,
the
at
offered
are
.
■
are
bonds
they
ing bonds at the lowest prices,
r
(c)> Tenders stating a price in
dollars which exceeds the par
—
bonds:
which
est average yield to
maturity will
;be considered the tenders offer-1
'
valid and binding
on Oct., 31:
$25,000 Esparto School
obligations
$20,000 funding bonds, Nos. 13 to District, and $48,000 Cacheville of the City; will be furnished to
the successful bidder.
32. Dated July 1, 1935. Due School District
Enclose a
bonds.
certified check for
from July 1, 1947 to 1956.
$2,000, payable
to the Citv.
COLORADO
120,000' refunding" bonds,
Nos.
said
on
at
rates
or
interest)
j
-
maturi-
or
rate
which they are offered.
.
:
the
the
and also the price in dollars
"clusive
of
accrued (
*
.V
maturity
and
the
state
must
.
the
by
of
interest payable on the bonds ofr
fered- and the
average yield to
*
w-
and
.ties: of
—
.
for
purchase
on
-
general
Nov. 5 the voters
are
to- have* approved the issu¬
of the $400,000 bridge con¬
struction
bonds.
l|i:
t
the
-
Bond
sewage
INDIANA
Hanover, Ind.
Sale
Details—The
: works
awarded
on
$85,000
bonds
revenue
Oct, 7* to Fox, Reusch
& Co., of Cincinnati, as 4s—v. 164,
p*
2597'—were
par.-.
issue
of
revenue
above
sold at a price of
payable J-D. 'An'
$25,000 sewage works
Interest
bonds
date
to
awarded
the
on
Madison
the
Safe
J
Deposit & Trust Co., of Madison. I
3s—v. 164, p. 2597—were sold
at
price of par and mature
a
Offered—Bids
Bonds
until
ceived
$2,500
if the stated date of re¬ First Boston Corp. as Is, rat a be conditioned upon the unquali¬
demption is on or before Sept. 1, price of 100.67, a basis of about fied opinion of Miller, Canfield,
1951, and on the same terms there¬ 0.76%. Interest payable M-N. Paddock & Stone, of Detroit, ap¬
after; with the exception that the Dated Nov. 1,1946. Denomination proving the legality of the bonds.
additional interest shall be 2% if $1,000. These bonds are due $28,- The cost of such opinion and the
the stated date of redemption is 000 on Nov. 1, in 1947 to 1951. The printing of the bonds shall be paid
thereafter.
Principal and inter¬ next highest bidder was Coffin & by the School District. A certified
of the total par
est payable at the City Treas¬ Burr, for Is, at a price of 100.618. check for 2%
value of the'bonds, is required.
urer's office.
Bidders must bid at
value
Ottumwa, lowct ?J
-
v
as
10
a.m.
were
re¬
Nov. 21,
on
Feb. and Aug. by the Secretary of the Board of
15, 1982 to Feb. 15, 1986. Interest Directors, for the purchase of
$800,000 coupon building bonds.
payable F-A.
Denom. $1,000. Dated Dec. 1, 1946.
k
Aug. 15, 1981, and
Marion School District,
C.
Offering—C.
Bond
Ind.
Due
Rhetts
Dec. 1 as follows:
on
$25,000
$30,000 in 1952 to
1956, $25,000 in 1957 to 1960, and
$75,000 in 1961 to 1966, all incl.
These bonds were approved by
the voters at an election held last
in 1948 to 1951,
least $1,040 per $1,000 bond.
Said
Board of Trus¬
bonds are to be sold subject to the
sealed bids until
final approving legal opinion of
3.30 p.m. on Nov. 26, for the pur¬
chase of $300,000 building bonds,
Skaggs, Hays & Fahey, of Louis¬
ville.
The City will furnish said
to bear not exceeding 3% interest. January.
opinion and printed bond forms.
Dated
Nov.
15,
1946.
Denom.
Ottumwa Indep. Sch. Dist., Iowa
Bids
must
be
made
on
forms
$1,000.; These bonds are due $12,Bond Sale—The $800,000 build¬
which may be secured at the of¬
000 on July 1,1948, and $13,000 on
ing bonds offered for sale at pub¬ fice of the City Clerk.
Enclose a
Jan. 1 and $12,000 on July 1, from
lic auction on Nov. 21—v. 164, p. certified check for $500.
1949 to Jan. 1, I960.
Rate of in¬
2329—were awarded to a syndi¬
terest to be in multiples of V\ of
LOUISIANA
cate composed of the Harris Trust
1%. These bonds will be the di¬
& Savings Bank, of Chicago, IowaAcadia Parish, Bayou, Plaquemine
rect
Secretary of the.
tees, will receive
v
obligations of the School City
payable
Des Moines
ad
unlimited,
of
out
lips Co., of Davenport, as IV2S, at
a price of 101.775, a basis of about
1.351%. The next highest bidder
The .approving
City.
School
of Ross, McCord, I<?e &
Miller, of Indianapolis, will be
furnished to the successful bidder
opinion
able to the School
City, must ac¬
Ind.
on
Pleasant
Township (P. O.
Ran
An
—
issue
of
on
Nov. 5.
••
light
bonds offered for
sale on Nov. 20—v. 164, p. 2452—
were awarded to Sparks & Co., of
plant
Des
R.R. Norman), Ind,
Sale
The
following
.
for l%s, at
Sibley, Iowa
Sale—The $550,000
Bond
Is, at a price of 100.08.
Interest payable J-D.
as
T Bond
G.
$100,000 hospital bonds carried at
the election held
July 6, were awarded
to Kenneth S. Johnson of Indian¬
apolis,
Voted
Bonds
.4 Bond % Sale—The
$7,500
im¬
provement of 1946 bonds offered
for sale
A.
Ringgold County (P. O. Mount
Ayr), Iowa
the bid.
North Vernon School City,
and
price of 100.10.
a
A certified check for
company
Halsey, Stuart & Co., Gold¬
was
man, Sachs
& Co.,
Becker & Co., jointly,
the School City.
$3,000, pay¬
at the expense of
Bank & Trust Co., of
Moines, and the White-Phil-
Des
valorem taxes to be collected on
all of the taxable property within
the
revenue
as 2s, at a price of
The next highest bidder
Moines,
100.245.
—
was
Carleton D. Beh Co., for
and
ibonds totaling $38,800, offered for
sale on Nov. 12—v. 164, p. 2197—
were
awarded to Raffensperger,
2M>s, at
a
l%s
price of 101.145.
KANSAS
Hughes & Co., of Indianapolis, as
.,
Bonds Voted—An issue of
.
municipal airport bonds was
approved at the election held on
Nov. 5. These bonds will be placed
on the market in May or June of
bonds,
$19,400 school township
Due in' 1947 to 1966.
19,400 civil township bonds. Due
in 1947 to 1966.
1947.
Dated Oct.
1* 1946. Denom. $500
and $400. The next highest bidder
was the Bedford National Bank,
Bedford, for 1 %s, at a price of
Church
.
Point),
La.
Bond Offering—Edward Daigle,
Secretary of the Board of Drain¬
age
will receive
Commissioners,
sealed bids until 2 p.m. on Dec. 16,
purchase of $100,000 pub¬
lic improvement bonds, to bear
not exceeding 4% interest. Dated
for the
Dec.
bonds are due Dec. 1, as follows:
and
2%
Bond Sale—The $170,500 2Vz%
2% if redeemed after July 1,
1966, and prior to maturity; plus courthouse revenue bonds offered
for sale on Nov. 14—v. 164, p. 2597
in each case accrued interest to
the date of redemption.
Rate of —were awarded to Stein Bros. &
interest to be in multiples of V\ Boyce, of Louisville, and associ¬
of 1%, and not more than one ates, at a price of 103.00, a basis
named
by
of
each
Wddei^4£§^
Vanderburgh County (P. O.
>.»
Evanst>ille), {lnd; u--rA' >{
Bond Sale—The $145,000 voting
Nov;
14—v.
awarded
to
164,
the
any,
Trust
Bated Dec; 1,
on
Interest jpayr^ent date, at
par
and accrued interest, plus certain
premiums.
•
on
Almstedt
Bros.,, the .Bankers
Bond Co., arid W. L. Lyons &,Co.,
1
2329—were
p.
Harris
2.04%.
Dec. 1* 1,947, to 1959,
redeemable in whole or in part on
>'
machine bonds offered for sale
about
1946.; Due
44-
.
&
all of Louisville, were associated
Savings Bank of Chicago, and the with the above named in the pur¬
National City Bank, of Evansville, chase of the
$170,500*!i2^ % cour|
jointly, as iy4s, at a price of 101.- house revenue bonds.
089, a basis of about 1.04%. Dated
West Point, Ky.
Nov.
15, 1946.
Denom.- $1,000.
Bond
These bonds are due $5,000 on
Offering
Sealed bids
will
July 1, 1947, $10,000 on Jan. and
$5,000 on July 1, in-1948 to 1956,
and
Co., for iy*s, at
of 101.056.
;
:■
Kossuth
■
1
-
-
(P.
O.
Defeated
Algona)
4;~
—-
An
issue
$100,000
jected
Nov. 5.
hospital bonds was
at the election held
•••.:
' v:
system
until
8:30 p.m,
bonds,
revenue
not
ex¬
ceeding 3% interest. Dated Dec.
1, 1946.
Denom. $1,000.
These
bonds
are due April 1, as follows:
$3,000 in 1948, $4,000 in 1949 to
1951, $5,000 in 1952, and $7,000 in
1953
to
1967.
of interest to
Date
be in
multiples of *4 of 1%. Prin¬
cipal and interest payable at the
Birmingham National Bank, Bir¬
mingham. These bonds are to be
registered as to principal only.
specified by the pur¬
A certified transcript and
approving opinion of Chap¬
man & Cutler, of Chicago, will be
furnished
the successful bidder
without cost to him.
A certified
check for not less than 2% of the
amount of the issue, payable to
the District Treasurer, must ac¬
the
*
the bid.
Ponchatoula, La.
improvement
public
at
thorized
the
bonds,
au¬
election held
on
July 23, is said to have been sold.
County (P. O. Salem), Mass.
Essex
Bond Offering—James D. Bent-
ley,
will
County Treasurer,
bids
sealed
ceive
until
11
re¬
a.m.
26, for the pur¬
tuberculosis hos¬
loan, Act of 1946, coupon
on Nov.
chase of $125,000
(EST)
pital
Dated
bonds.
Nov.
1946.
15,
These bonds are
due Nov. 15, as follows: $13,000 in
1947 to 1955, and $8,000 in 1956.
Denom.
$1,000.
Bidders to name the rate of inter¬
est in multiples of J/4 of
1%. Prin¬
of
Miller,
bonds.
These bonds will be deliv¬
Additional Information
Of¬
on
fering Cancellation—In connection
with the cancellation of the offer¬
ing
of
the
$7,000,000
Detroit
Revenue, Series of 1946
bonds, originally scheduled for
Nov. 19—v. 164, p. 2598—the fol¬
lowing statement has been issued
by Homer R. Marson, City Con¬
Transit
The
primary
celling this sale
can¬
was
pur¬
of giving consideration to
incorporating in the bond author¬
pose
ization
for
the
issuance of $21,Railway Revenue
Bonds, additional protective fea¬
tures
for
the
bond
purchaser,
which
1.
Street
are as
The
new
provide for
for
follows:
and certified
of
vision
Shawmut
Bank
as
to
the N a t i o n a 1
by
of
The
Boston.
approving opinion of Ropes, Gray,
Best, Coolidge & Rugg, of Boston,
will be furnished.
debt
an
paid into
the
Redemption
is
amount
annual 20%
service,
ley,
ceive
County Treasurer; Will
bids
sealed
until
11
re¬
a.m.
(EST) on Nov. 26, for the pur¬
chase of $40,000 tuberculosis hos¬
pital
maintenance notes. Dated
pec.
2,
due Jan.
are
Michigan (State of)
Immediate
No
Bond
Offering
Soldier
Bonus
Contemplated—D.
Bond
Fund
be
Interest
and
until
to
the
the
principal and interest on the larg¬
est amount of principal and inter¬
due in
est
any
one
pay
year
during
the life of the bond issue.
2.
That
additional bonds
no
bonds
unless
or
the
net
or
revenues
exceed 150% of the
imum
max¬
and interest re¬
both the then-
principal
quirements for
outstanding and proposed addi¬
tional obligations.
3. After
three years the out¬
standing bonds will be callable,
with adequate premiums for the
holder
bonds
are
the
in
event
the
called.
will
Erin
be
toward
done
Soldiers'
Bonus
the
sale
bonds
of
the
until
the
Legislature sets up the necessary
machinery, "it would seem to me
very definite at this time that we
will not be selling any bonds be¬
fore February at the earliest."
"If everything goes smoothly,"
he adds, "my guess would be that
it will be late February before
any Michigan bonds could be put
on the market. On the other hand,
if the Legislature gets into any
extended argument, about how to
raise the money to pay the bonds,
for instance, it may be much later
than that.
fered after they are. authorized is
answer
now,
cannot" definitely
but if the matter is
left
that
this
something
so
control,
them
one
we
on
has
any
probably
put
the market at
in batches of
000,000."
office
will
intervals
$50,000,000 to $100,*
;
:
:
MINNESOTA
Eden
(P. O.
Gully), Minn/
$28,000 road
and bridge bonds offered for sale
on Nov. 8—v. 164, p/ 2193—were
Sale—The
Bond
to
awarded
of
Bank
the
Northern
State
at a
price of 100.217; a basis of about
1.975%. Dated Nov. 1, 1946. These
bonds are due $2,000 from Novil,
1949
to
1962.
Interest
payable
M-N.
The next highest bidder
was the Allison-Williams Co., for
Gonvick,
due
2s,
iy4%, at a price of 100.457.
i
,
Irohton, Minn.
.
Sale—The $45,000 water
improvement bonds of¬
fered for sale on Nov. 14—v. 164,
Bond
supply
awarded to J. M.
Co., of Minneapolis, aS
1V2S, at a price of 100.157, a basis
p.
2453—were
Dain
&
of about 1.475%.
Dated Nov. 30,
1946. Denom;
furnish you with new
financial data prior to the date
the bonds will be offered for sale.
We
publicly that he is not
calling a special session of the
Legislature and since nothing can
reserve
will
which
sufficient
bond
County (P. O. Salem), Mass.
Bond Offering—James D. Bent-
Essex
option. These notes
15, 1947. ,4
bond indenture will
equal
genuineness
Dated Nov. 25,
"How fast the bonds will be of¬
for
for the
reason
Salem, or at the National ShawThese bonds
the super¬
0.50%.
Denom. and form of note at
1946.
nounced
opinion
obligations will be incurred that
have parity with the outstanding
will be engraved under
rate of
a
unqualified
cipal and interest payable at the
Merchants
National
Bank
in
mut Bank of Boston.
18
164, p. 2598—were awarded
to a syndicate composed of the
First National Bank & Trust Co.,
American National Bank, Home
Savings Bank, and the Industrial
State Bank, all of Kalamazoo, at
Hale Drake, State Treasurer, re¬
ports that the Governor has an¬
,
$90,000
notes offered for sale on Nov.
—v.
Bids shall be conditioned upon the
troller;
Bonds Sold—An issue of
(P. O,
Mich.
$175,000
Note Sale—An issue of
Township (P. 0.' Fraser)
Mich.
$1,000. These bonds
are due $4,500 on Nov. 30, from
1949 to 1958, inclusive. \ Interest
payable M-N.
The next highest
bidder was Piper, Jaffray & Hopwood* for l%s, at a price of 100.14.
$165,000 water
supply system revenue .bonds of¬
Kanabec County (P. 0,
Payable at the Merchants National
fered for sale on Nov/ 4—v.
Bonds Voted—rAn issue of $45,-*
in Salem, or at the Merchants Na¬
p.
1946.
Denom.
$5,000.
These notes are due April 1, 1947.
Bond Sale—The
Mora)
Minn.
164-,
2329—were awarded to Kline,
000 hospital bonds was favorably
Lynch,& ,Co.r of Cincinnati, and voted at .thc^election held" onj
will -be certified ae to genuiness L. T^ljood & Co., of Detroit, joint¬ July 8.
*
4
J
and
validity by the National. ly* as .3s.rJ; Dated Nov. 1, 1946/
Le Sueur County Cons. Sch. Dist.
Shawmut Bank, of Boston, under Denom/ $1,000.
These bonds:; ato
No* 2 (P. O. Clepelandy, Minn. .
advice of Ropes, Gray, Best, Cool¬ due Nov.- lr in 1951 to 1976. Inter¬
Bond Sale—An issue bf $175*000est payable M-N.
idge & Rugg; of Boston.,■■ ■' '
building bonds offered for sale
GeneseeTownship Fractional Sch.
Franklin, Mass.
recently,-was awarded, to the First
Boncl Sale—The $200,000 sewer Dist. No- S4 (P. O, Flint)> Mich.
National
Bank, of ; Minneapolis,;
bonds off^je^ .for sale on Nov. 20,
Bond Offering—Edwin R. Wes¬
and the First National Bank, of.
were
awarded to the Merchants ton* District Secretary, will re¬ St. Paul, jointly, as 1.60s, at a
National.Ban^ of Boston, as iy4s, ceive sealed bids until 8 p.m. on price of 100.514. Interest payable'
at a price.of 100.55,, a basis of Nov.
25, /for the purchase of M-N.
V :' 4
about 1.137% 1 Dated Dec. 1, 1946; $80,000 school / coupon bonds, to
Mound Prairie, Minn.
Dehorn. $1,000. These bonds are bear not exceeding 4% interest.
tional Bank of Boston.
The notes
_
.
,
IOWA■
Iowa
Bonds
price
-
County
•*•
a
bei received
receive
will
Clerk,
sealed bids until 2 p.m. on Dec. 2
for the purchase of $125,000 water
bank
(EST), on. Dec.
3,
by
Hallie
Souche, City Clerk, for the pur¬
chase of $22,000 3% water works
revenue refunding bonds.
Denom.
$1,000.
Dated Jan. 1, 1947.
In¬
terest payable M-S.- Due March
due $10,000 Dec. 1, 1947 to 1966.
1, as follows: ; $3,000 in 1948 to The next
highest bidder was the
1953, and $4,000 in 1954.
Subject Second National Bank, Boston, for
to prior redemption only in in¬
l&s, at a j)rice of 100.518.; ■;
;
verse numerical order on
any in-:
terest due date upon 30 days pub-; '44'/4 'C: Salem, Mass.
lished notice, at face value, plus! VjBojbdy Safe;
^ J The $140,000
accrued jnterest plus additonal in¬ housing bonds offered for sale on
terest equal to 4% of the face Nov/
20, were awarded'. to the
.
$5,000 on Jan. 1, 1957. The
highest bidder was Halsey,
Stuart &
City
ley,
School District
Kalamazoo),
Han-
E.
Detroit, Mich.
any
chaser.
Hugoton, Kan.
Bonds Sold—An issue of
um:
be
Offering—Irene
ered
at
Birmingham, National
1947 to 1949, $2,000 in
Bank or at the bank in the City of
1950 to 1955, $3,000 in 1956 to
Detroit, designated by the pur¬
1960, $4,000 in 1961 to 1970, and
chaser. Enclose a certified check
$5,000 in 1971 to 1976.
Principal
for $2,500, payable to the City.
and interest (J-D) payable at the
District Treasurer's Office, or at
—
shall
Bond
000,000
$45,000
refunding bonds
100.298.
was
purchased recently by the
Rittenoure
Investment
Co.,
of
St. Joe, Ind.
. /
^
Wichita.
Dated ; Aug.
1,
1946.
4 Dond Offering ,— Sealed bids
Interest
will be received until 8 p.m. on Denoms. $1,000 and $500.
In the opinion of
Dec. 2, by Willard L. Hurni, Town payable F-A.
the Counsel, these bonds will con¬
Clerk-Treasurer, for the purchase
subsisting in¬
of $63,000 water- works revenue stitute valid and
bonds. Interest rate is not to ex¬ debtedness and obligations of the
City. Legality approved by Deceed j41/2%, payable J-J. Denomi¬
pew, Stanleyi Weigand, Hook &
nation $500. Dated
De^y, 1 1946. Curfman, of Wichita.
Due on July11 as follows; $500 in
»r •
v.;
1949 and 1950, $1,000 in 1951 to 4^14-44'h
KENTUCKY
1957, $1,500 in 1958 to 1965, $2,000
in 1966 to 1979, and $2,500 in 1980
Catlettsburg, Ky.
to 1985. Redeemable at the option
Bonds Defeated
An issue of
of tlie Town, after 1966, in whole
$40,000 sewer bonds was voted
or in
part, on 30 days notice by down at the election held on
publication, in inverse numerical Nov. 5.
order, on any interest payment
McCracken County (P. 0,
date, after 1966, at face value, to¬
Paducah), Ky.
gether with the following premi¬
rate
Kalamazoo
$1,000 in
MASSACHUSETTS
1%%
MICHIGAN
Birmingham, Mich.'
Canfield, Paddock & Stone, of De¬
troit, approving the legality of the
1, 1946. Denom. $1,000. These
$90,-
000
tri
and Wikoff Drain District(P. O.
company
Atchinson, Kan.
I%s, at a price of 100.275, a basis
of about 1.47%:
next
Monday, November 25, 1946
THE COMMERCIAL & FINANCIAL CHRONICLE
2740
of
re¬
on
'
Dated Aug. 1,
These
bonds
1946. Denom. $1,000.
due Aug. 1, as
are
follows: $15,000
$16,000
1950
in
and
in 1947 and 1948,
and $17,000 in
1949,
1951.
of
Rate
able
at
the
Citizens
Commercial
Flint.
-An issue of.
July 8.
interest
to be in multiples' of
of 1%;
Principal and interest (F-A) payJ
& Savings Bank,
Bonds; Defeated
$25,000 road and bridge bonds was
defeated, at the> election held on<
Bids shall
Red
Wing,
Study Will Serve as
Model—The fate of the American
Planning
small town is still very
much jn.
T
'»
:<
r-.'L
':
'
JV,
v1-;. vro
[Volume 164-*♦ Number 4545
THE COMMERCIAL & FINANCIAL CHRONICLE
2741
"its
hands
own
ence
despite the influ¬
the.. ..nation's
;; of
big-city,
economy, according to the authors
of a new planning study cited by
the American Society of Planning
OfficialS.
•
•
The many-faceted study, spon¬
sored by the Graduate School of
the
University of Minnesota, at¬
tempts to answer the question
f'What is left for people in the
typical small American city to
plan and control?"
Answers to
this question were found on
many
levels in the Minnesota
city of
Bed Wing, population 10,000. "
The
Red
perts
Wing- planners—ex¬
education,
economics,
in
sociology,
chose
and
public health-r
Wing as a typical,
somewhat more wealthy
Red
though
than
average,
city.
Among their specific
American
ommendations
permanent
is
creation
municipal
agency. ^
^
small
rec¬
of
a
planning
^ *
First researchers established the
framework within which the com¬
munity could plan and control its
future without smacking into ex¬
terior forces beyond its control.
Such a force, for example, is rep¬
resented by the fact that at least
90% of the $5.3 million worth of
retail goods sold annually by Red
Wing stores originates outside tfre
locality.
Nevertheless, researchers found
that the small
city
can
sustain and
improve the welfare of its people
ifV planning activities overlook
none of the following fields: Pub¬
lic works, industrial enterprise,
education, health, recreation, and
civic leadership.
basis.
.
on
a
projects
public works
timed to aid in
be
can
reduction of unemployment.
Researchers
found
Red
Wing
citizens more or less complacent
about their public schools, where¬
businessmen and educa¬
waning
recommended
V
On
the
basis
of
these
been
recommended.
Sleepy Eye, Minn.
Bonds
Voted
—
The
City Re¬
corder states that the voters ap¬
proved the issuance of the $12,000
sewer and drainage bonds at the
Nov. 5 election.
■•
''v.'*,
n
••
•
■
Willmar,
'^Certificates
Minn.
Not
is
A
Natchez.
4%
the
of
certified
bonds
check
;
-
for
for, is
bid
re¬
.
MISSOURI
Audrain
County
(P.
O.
Mexico)
Mo.
Election
Bond
$300,000
will
at
be
the
An
—
issue
hospital
county
submitted
election
to
to
the
voters
held
be
of
bonds
Lead wood School District, Mo.
Bond Sale Details—The
1%%
school
bonds
$38,000
awarded
re¬
MONTANA
Deer
No.
10
(P.
O. Anaconda),
Offering
District
from
during
the
bonds
sewer
certificates of indebtedness
were
bonds.
an
sold,
as
offer of 100.83 for 2s,
3,
for
the
purchase
of
$40,00)
Dated Jan. 1, 1947
These bonds are due $2,000 from
school bonds.
**
Jan.
the
1,
1948 to 1967.
bonds"
These are
—
traffic signals bonds.
160,000 fire station bonds.
100,000 police department equip¬
ment bonds.
bid.
in
/
•
such
the
1
be
.
.
denominations
a
effect
that said
valid and
notes
will
legally binding ob¬
ligation of the County.,
NEW YORK
Bethlehem, Elsmere Fire District
(P. O.' Delmqr), N.' Y.
Bonds Defeated—The following
bonds
Bond Offering—Lambert
amounting to $4,580,000
Dreis.
were defeated at the above elec¬ District
Treasurer,., will j receive
Philmont, N.Y.
Bond
will
be
Offering
—
-
Sealed
received i until
>;
bids
1
p.m.
(EST), on Nov. 27, by Fred N.
tion:
sealed
bids
until
3:30
p.m.
on Herbs, Village Treasurer, for the
$1,637,500 park and playgrounds Nov. 25, for the purchase of $7,- purchase of $19,000 coupon or
500 improvement coupon or regis¬ registered
bonds.
public playground
250,000 river-rail terminal and tered bonds, to bear not exceeding bonds. Interest rate is not to ex¬
2% % interest. Dated Nov* 1/1946, ceed 5%, payable J-D. DenominaZ
transport bonds.
.
Denomination $1,500. These bonds
81,500 public market bonds.
are due $1,500 from Nov.
1, 1947
1,300,000 parking lots bonds.
to 1951.Rate of interest to be in
20,000 police station bonds.
multiples of Y\ of 1%. Principal
146,000 municipal garages bonds.
and interest (M-N) payable at the
185,000 naval armory bonds.
960,000 civic center and city hall District Treasurer's office. These
bonds will be delivered to the
site purchase bonds.
successful
bidder
at
the
First
NEW JERSEY
Mont
tion
Due
$1,000.
Dated
Dec.
1,
1946.
Dec.
1; $2,000 in 1947 to
1955, and $1,000 in 1956. PrinJ
and int. payable at the'Philmont
National Bank. Legality to be ap¬
proved by Vandewbter, Sykes, &
Heckler of New Ybrk City.1, A
$380 certified check, payable to
Trust Co., 35 State Street; Albany, the Village, must accompany the
on or about Nov.
26, 1946.
The bid.
approving opinion of Seth T. Cole,
G. A. Peter¬
Clerk,
will
date
are
be
a
in
of
issued
the
1947 to
Rate
;i962, and $8,000,
of interest to
period of 20 years tiple of l/20th
issue.
and
amount
If
seria"
must
be
the
or
same
be in
%
lp63.. registered, bonds, $ not
a
mul¬
of 1%, and
for
all
of the
4%
interest.
Dated
are
due
$1,000
they bonds*j Principal and interest, pay¬ 1962. Rate
of* $1,00( able in lawful money at the First multiples of
of
exceeding
Jan.
Denomination $1,000.
sold
1, 1946.
These bonds
Jan.
1,. 1948
interest
to
be
on
Y\ of 1%. Principal
National Bank & Trust Co., Mont¬
and interest payable at the office
clair, or at Town Treasurer's of- of the
Presiding Supervisor of the
fice. No proposal will be consid¬
on Jan.
1, 1948, and $41,000 wil
Town. Said bonds wilL.be valid
ered which specifies a rate higher
become payable on the same date
and legally binding obligations of
than the lowest rate stated in any
each year thereafter until all such
the Town. The bonds will be de¬
Bond Offering—C. G.
Manning,
Schools, will
receive sealed bids until Dec. 30,
for the purchase of $300,000 buildSuperintendent
of
»3% interest.
bonds, the bonds to be accepted
being those first maturing, and if
two
or
more
bidders offer to
ac¬
cept the same least amount, then
to
the
bidder offering
to pay
Dated Jan. 1, 1947. therefor
the
highest
price.
The
suc¬
cessful bidder or„ at the office
of such notes.
deliverable
Central
and
Notes will be
payable
Hanover
Bank
at
&
the
Trust
to Co., New York City. No bids will
be accepted at less than par and
sum of $46,000 of said
serial bonds will become payable
livered at the office of the
none
in
each, the
authorized at the elec-1 ing bonds, to bear not exceeding
tion held on Nov. 8.
•;
-i,
be
the only bid received
submitted
by
local banks, was rejected
Dated Dec. 1, 1946.
Due on Dec bonds are paid. The bonds whether legally acceptable proposal. Each
proposal must stat£fthe amount
1; $3,000 in 1947 and 1948, ant amortization or serial,
wi$ be re¬
$2,000 in 1949 to 1951.
Interest deemable in full on any interes; bid for the bonds, VifHi<^h shall not
be less than $168,000 nor more
payable J-D*
payment date from and after 10
than $169,000. As between legally
years from the date of issue. A
MISSISSIPPI
proposals
specifying
certified check for $41,250, pay¬ acceptable
the
same
rate of interest, the
able to the District Clerk, must
Greenville, Miss.
bonds will be sold to the bidder
accompany the bid.
Bond
Offering — George
F
complying with the terms of sale
Archer, City Clerk, will receive Fergus County School District No. 1 and offering; to accept for the
(P. O Lewiston), Mont.
sealed bids until 7:30 p.m. on Dec.
amount bid the least amount of
not
•'
,
will
Oct. 28 but
1.37%:
Bogota, N. J.
Bonds Defeated —An issue of
tlV
Rochester, N. Y.
receive
of 11 North Pearl St., Albany • 7,
sealed bids until 4 p.m. on Dec. 18
$50,000 library bonds was rejected N.
Note Offering—Sealed bids will
Y., as to the validity of the
at the election held on Nov. 5.
for the purchase of $825,000 build¬
bonds will be furnished to the be received until 3 p.m. (EST), on
ing bonds, to bear not exceeding
successful
bidder.
A
certified Nov. 25, by W. Raymond Whit¬
Montclair, N. J.
6% interest. Dated Jan. 1, 1947
City Comptroller, for the
Bond Offering — Sealed bids check fp.r $|50, payable to the DiSr ley,
Amortization bonds will be the
purchase of $700,000 tax anticipa¬
will be received until 8:30 p.m. trict, jpu^tj^Company the bid,
first choice and serial bonds wil
tion notes.
Dated Dec.
1, 1946.
on
Dec. 3, by Joseph D. McKee,
be the second choice of the Schoo
Hempstead Lido Beach Park Dist. Due on Aug. 1, 1947.
A tele4Town Clerk, for the purchase of
Board. If amortization bonds are
(P. O.^Hempstead), N. Y.
graphic (but not telephonic), bid
sold and issued the entire issue $168,000 coupon or registered im¬
Bohdf
Cj^fpring — Raymond N. if delivered to the Comptroller
provement bonds. Interest rate is
may be put into one single bond
Wood, Deputy Town Clerk, will before the expiration period dur¬
not to exceed 4%, payable J-D.
or divided into several bonds, as
receive sealed bids until
10:30 ing which sealed bids are received,
Denomination $1,000. Dated Dec.
the Board of Trustees may de¬
p.m. on Dec. 3 for the purchase of will be treated as a sealed bid'.
1, 1946. Due On Dec. 1; $10,000 in
termine upon at the time of sale
$15,000, laiid purchase coupon or Bids must be submitted for all or
son,
Einar H. Brogen, City
that $12,000 water and
on
Lodge Couny Sch. Dist.
Bond
Clerk,
offered
basis of about
a
and
the
opinion of Hawkins, Dela¬
3,540,000 auditorium bonds.
field & Wood, of New York, that payable at such place as may be
200,000 fire department equip¬
agreed on by the purchaser and
the bonds are valid and legally
ment bonds. "
;
the County. The County will
sup¬
396,000 grade crossing elimina¬ binding obligations of the Board
the ap¬
of Education.
A certified check ply the purchaser with
tion and viaducts bonds.
for $3,000, payable to the Board of proving opinion of Hawkins, Del¬
2,090,000 sewers bonds. *7
afield & Wood, of New York
City,
3,132,700 street boulevards and Education, must accompany the to
on
Dec. 3.
stated by
were
100.18,
of
—
ments
Sold —It
an
—
^oth principal, and interest to be
payable in semi-annual install¬
'V.'V. V
pay
—
recom¬
mendations, the public teachers'
salary budget has been boosted
some
$20,000 for next year, or
about $265 per instructor.
Addi¬
tional supervisory, administrative
and
counseling
personnel
also
have been recommended to help
Red
Wing schools fulfill their
community functions. Administra¬
tive reorganization of city and
county health facilities also has
also
amount equal to the interest
the bonds accrued to the date
j
F-A.
concerned about
were
'yp
—
■R's.".,;.'
tors
home-grown leadership in local
enterprise.
Educational planners
calling for modernized schooling;
:\on
—
psychological fit¬
ness for everyday living be em¬
phasized as much as "the three
some
held
V
cently to the City National Bank
& Trust Co., of Kansas City, at a
price of par—v. 164, p. 2453—ma¬
ture Feb. 1, as follows:
$1,000 in
1947 to 1951, $2,000 in 1952 to 1956,
$5,000 in 1957 and 1958, $7,000 in
1959, and $6,000 in 1960.
Dated
Sept.
1, 1946. Interest payable
as
election
at1 purchaser must
■
pay-as-you-go
that construction of
the .; general;
Nov. ■
authorized
were
;
Planners recommend that
policy be continued in so far
possible. They further suggest
bonds
.
this
as
hese
$8,300 street improvement bonds. **
of
and
Denominations $1,700 and $1,$5,000
Louin
Consolidated
Richland County Sch. Dist. No. 86 payment of the purchase price.
School District bonds offered for
600.
Due Dec.
1, from 1947
The successful bidder will be fur¬
(P. O. Lambert), Mont.
to 1952.
sale on Oct. 24, and awarded to
Bond Sale—The $10,000 build- nished with the opinion of Hawhe Bay Springs Bank—v. 164, p.
5,000
sewage
disposal
plant
i ng bonds offered for sale on Nov.
tins, Delafield & Wood, of New
bonds.
2330—were sold as 3s, at a price
Denomination $1,000.
5—v. 164, p. 2193—were awarded York, that the bonds are valid and
of par. Interest payable M-S.
Due Dec. 1, from 1947 to
196i,
o
Coughlin & Co., of Denver. "egally binding obligations of the
/ inclusive.
Town. Enclose a certified check
Marshall County School Districts
! Dated Jan. 1, 1947. The next
high¬
Dated
Dec.
for $3,360, payable to the
1, 1946.
Interest
est bidder was
(P. Oi Holly Springs); Miss.
Town.
Piper/ Jaffray &
payable J-D.
The next highest
Bonds Sold—An issue of $15,- Hopwood,
Morristown, N.
)idder was Geo. B. Gibbons &
1
)00 Byhalia Consolidated School
Co.,
Bond Sale—The $47,000 water
nc., for 1J/^% bonds, at a price
NEBRASKA
District offered for sale on July
of 1946
coupon bonds offered for of 100.35.
3, was awarded recently to the
sale on Nov. 15—v..
Brady, Neb.
V,"
•'
i'.
\
.'•vV■
!v:.
164, p. 2453—
Citizens Bank, of Byhalia, as l%s,
Bonds Voted—An issue of $42,- were awarded to
Niskayuna Water District No. 7
MacBride, Milat a price of 101:333, a basis of 000 water works bonds
carried at *er & Co., of
(P. O. Niskayuna), N. Y,
Newark, as 1.20s, at
about 1.478%.
the election held on Nov. 5.
a price of
100.045, a basis of about
Bond Sale
The $55,000 water
The $50,000 Potts Camp Consol¬
1.19%.
Dated Dec. 1, 1946.
De¬ system bonds offered for sale on
Columbus, Neb.
idated School District bonds of¬
These bonds Nov. 18
Bonds Voted—An issue of $75,- nomination. $1,000.
v.
164, p. 2454 — were
fered
for
sale
recently,
were
000 park improvement bonds was are due Dec. 1, in 1947 to 1956. awarded to
Schenectady Trust Co.,
awarded to a syndicate composed
Interest payable J-D.
The next of Schenectady, as
approved at the general election
Is, at a price of
of the
Bank
of
Holly Springs,
highest bidder was R. D. White par. Dated Dec.
leld on Nov. 5.
1, 1946. Denom¬
First State Bank, of Holly Springs,
& Co., for
VAs, at a price of ination $500. These bonds are due
and the Citizens National Bank of
Oawes County (P. O.
Chadron), 100.11,
;
$2,500 fr6m March 1, 1948 to 1969.
Neb.
Byhalia, as 2s, at a price of par.
Interest payable M-S. • The next
Bonds Defeated
Dated Oct. 1, 1946. Legality ap¬
Township Sch. Dist.
An issue of Pequannock
highest bidder was C. F. Childs &
(Pi O. Pompton Plains), N. J.
proved by Charles & Trauernicht, $14,000 hospital bonds was reject¬
Bond Offering—Helen Y. Rob- Co., and Sherwood & Co., jointly,
of St. Louis. These bonds are due ed at the election held on Nov. 5.
for 1V2S, at a price of 100.14.
bins, District Clerk, will receive
Oct. 1, 1947.
Deuel County (P. O. Chappell)
sealed bids until 8 p.m.
(EST), on
Onondaga County (P. O. Syracuse)
Neb.
Natchez, Miss.
Dec. 2, for the purchase of
$150,Bonds Defeated
An issue of 000
Bond Offering — Manuel Furr,
school coupon or f registered
Note Offering—Oliver S.
County Clerk, will receive sealed $119,517 county high school con¬ bonds, to bear not exceeding 4%
Cane,
aids until 10 a.m. on Dec. 2, for struction bonds was voted down at interest. Dated
County Auditor, will receive seal¬
Nov. 1, 1946. De¬
ed bids until noon on Dec.
the purchase of $750,000 school the election held on Nov. 5.
12, for
nomination $1,000.
These bonds
the purchase of $1,300,000 tax an¬
building and improvement bonds,
are due
$10,000 from Nov. 1, 1949
Omaha, Neb.
to bear not exceeding 4% inter¬
ticipation notes of 1946.
D'ated
to
1962.
Bonds Voted
The following
Principal and interest
Dec.
est.
Dated Dec. 15, 1946.
19, 1946.
These notes are
Denom. bonds
aggregating
$10,233,700, (M-N) payable at the First Na¬
due on April 19, 1947. Issued in
$1,000. These bonds are due $30,- were
favorably voted at the elec¬ tional Bank of Bloomingdale.
000 from Dec. 15, 1947 to 1971.
Rate of interest to be in multiples anticipation of the collection of
tion held ton Nov* 5:
Principal and interest (J-D) pay¬
of Ys or i/20 of 1%. The success¬ taxes levied for the fiscal year
$615,000 airport and air transpor¬
which began Nov. 1, 1946, and to
able at the City Depository at
ful bidder will be furnished with
tation
quired.
Many important public works
projects in Red Wing and sur¬
rounding Goodhue County have
been financed
Jasper County School District
(P. O. Bay Springs), Miss.
Price Paid—The $6,000 Antioch
of
Hawkins, Delafield & Wood, of
New York, on or about Jan, 1,
1945.
The approving opinion of
the above bond attorneys will be
furnished to the purchaser with¬
interest.
Legal opinion
Reed, Hoyt
& Washburn, of New York.
accrued
will
be
furnished by
,
Vestal (P. O. Vestal), N. Y.
//,;
Bond Offering—Sealed bids will
be received until 2 p.m. (EST), on
Nov. 26,
Town
by Lester O. Kretschman,
Clerk, for the purchase of
$31,500 registered sidewalk bonds.
Interest rate is not to exceed 5%,
payable J-D. Denom. $6,300. Dated
Dec.
1, 1946.
Due $6,300 from
out cost. Enclose a certified check
Dec. 1, 1947 to 1951, incl.
Prin.
for 2% of the amount of the bonds
and int. payable at the Endicott
bid for, payable to the Town.
National Bank, of Endicott, with
New York exchange.
Herkimer, N. Y.
Bond
Sale—The
follow Ing
be
v
aproved
by
Legality to
Becker,,
&
$23>00,'"offered iov D'Adamo, of]Endicott wlthoutcost.
bonds totaling
sale on Nov. 15—v. 164, p. 2454—
were
as
1.40s, at
a
A $630 certified check payable to
of Leland Jones, Town Supervisor,
price of must accompany the bid.
awarded to Tilney & Co.,
New York
2742
CHRONICLE
THE COMMERCIAL & FINANCIAL
<
Forge), N. fTt 1 Mrlin&oriiiAtctol Schi Disi*i Ohio [Ca h?tb n. ;: "Transcript^^ibf'
Bonds
Defeated—An t issue of proceedings, the printed bonds,
$14,250 park
land also the legal opinion <01
playground bonds offered for $250,000 building addition bonds
(Squire, Sanders & Dempsey, of
on NoV.
164, 'p. .2598-- was turned down at the Nov. 5
3Galena School District, Ohio
Webb (P. O. OW
Bond Sale—rThe
and
sale
Mondavi
Bonds Voted—An issue of
000
school
bonds
ratified
was
the election held
on
$10,at
Nov. 5.
I Cleveland, Will be furnished the
Hamilton County (P. O. Cin¬
Na¬ general election.
[successful bidder at the expense of
Old Forge, as
cinnati), Ohio
Ashland,'Ohio
the District.
Enclose a certified
Bonds Defeated—An
issue
of
1.10s. Dated Oct. 15, 1946. Denom.
Bonds Defeated—An
issue of Check ifor 1% of the amount of the
$75O,OQ0 juvenile detention home
$1,000, one for $250. These.bonds $75,000
airport bonds was re¬ bonds, payable to the Board of
annex bonds was turned down at
are due Oct. 15, as follows: $2,250
jected at the election held on Education.
the election held on Nov. 5.
in 1947, and $3,000 in 1948 to Nov. 5.
Carrollton, '■ Ohio
1951.
The next highest bidder
"Hebron Local Sch. Dist., Ohio
Barnesville Village Sch. Dist., Ohio
Bonds Defeated—An issue .'of
was the Marine Trust'Co., Buffalo,
Bonds
Defeated)—An issue of
Bonds Defeated—An
issue of $50,000 fire truck and equipment
for 1.30s.
tional
'
to "the -FifSt
awarded
were
Fahey, 'Clark
"60^ Of Cleveland
164, p. 2454 — were sold as
IVzs, at a price of 100.425. a baste
of about 1.43%.
Dated Sept. 15;
1946. Denom. $1,000. - These bonds
are due from Oct. 1, 1948 to 1958.'
—v.
Bank, of
v
|^S(;
'
I
■
Burlington,W. C.
Sale — The
following
Bond
offered for
Nov. 19—v; 164, 'P. 2598—;
bonds totaling $87,000,
sale .on
were awarded
at
bonds was purchase and municipal building $188,000
struction
election held on bonds
the
'
Nov. 5.
t
Batavia. Ohio
defeated at the Nov; 5
Center Local School District
The .$7,200 -fire
] house bonds offered for sale on
Bond Bale
was
the
election.
(P. O.
Lisbon), Ohio
—
Vbtcd^^h"issub^$liis
Bonds
Se-t
the Vance
to
construction
defeated
NORTH CAROLINA
$220,000
site
purchase
bonds
election
Nov.
on
$65,-
revenue,
first
to have
been sold to William J. MeriCka
&
bonds
is
said
Co., of Cleveland.
Millerport, Ohio,
Bonds Voted—An issue of
$4,equipment bonds carried
000 fire
at the election held
'Boiids Voted and Defeated-^Ari
issuri of $18,000 water maiii bonds
approved at the election held
was
4.
"
of
issue
works
water
mortgage
at
5.
Hicksville, Ohio
:v\
*
000
con¬
defeated
was
held
and
Mendon, "Ohio
Sold—An
Bonds
Nov. 5.
on
.
Montville
u;,
t
Township (P. O.
Montville), Ohio .i< /' :
.•
s
•
Nov.
16—v. 164, p. 2330—were; 000 building addition and equip¬ on
"v Bond4 Defeated ^ An issue
Nov;
and, awarded to J. A. White
Co., Of ment bonds carried at the election
The following bonds amounting $15,000 fire apparatus and station
J. Lee Peeler & Co., of Durham,
Cincinnati, as l%s, at a price of on Nov. 5.
to $55,000 failed to carry: $30,000 bonds was rejected at the electiori
jointly, at a net interest cost o^ 101.263, a basis of about 1.58%.
'
water softening plant, and $25,000 held on Nov. 5.
about 2.34%:
Dated Nov. 1, 1946. Denom. $500, Chesapeake Union Sch. Dist., Ohio sewer extension bonds.
New Boston, Ohio
Bonds Voted—An issue, of $150,r
one for $200. These bonds are due
$48,000 water and sewer bonds.
Bond Offering-James E. Mc¬
'Hicksville School District, Ohio
Due $2,000 from April 1, 1949 Nov. 1, as follows: $700 in 1948, 000 site purchase and constriction
/Bonds Defeated — An issue of Coy, City Auditor, will receive
to 1972.
and $500 in 1949 to 1961. Interest bonds was favorably voted at the
$230,000 school bonds was reject¬ sealed bids until noon on Nov. 30^
39,000
refunding
water
and; payable M-N. The next highest election held on Nov. 5.
ed at the election held on Nov. 5. for the purchase of $14,000 re¬
sewer bonds.
Due April 1, as bidder was Fox, Reusch & Co.,
Clay Township (P. O. New Boston)
limited tax bonds, to
follows: $12,000 in 1973 and for
Hollo way Village Sch. Dist., Ohio funding
l%s, at a price of 100.069.
Ohio
bear not exceeding 4% interest.
Bonds Voted—An issue of $20,1974, and $15,000 111 1975.
Bonds Voted—The $20,000 fire
Beaver Local Sch. Dist. (P. O.
Dated Aug. 1, 1946.
Denom. $1,~
000
heating system and repair
Dated
Oct. i,
1946.
Denom,
protection bonds was approved at
Lisbon), Ohio
000.
These bonds are due Nov.
bonds carried at the election held
$1,000. The next highest bidder
Bonds Defeated—An
issue of the election held on Nov. 5. These on Nov. 5.
1, as follows: $2,000 in 1954, $5,000
was Breed & Harrison, and the
bonds are due in 10 years;
in 1955, and $7,000 in 1956.
Rate
Provident Savings Bank & Trusts $305,000 construction bonds failed
Jefferson Sch. Dist., Ohio
of interest to be in multiples of
to carry at the Nov. 5 election.
Clinton County (P. O. Wilmington)
Co., Cincinnati, jointly, at a net
Bonds .Voted
An issue of V\ of 1%.
Principal and interest
Ohio
Bedford City Sch. Dist., Ohio
Interest of about 2.345%.
$139,000 construction bonds was (M-N) payable at the City Treas¬
curities Corp., of Greensboro,
'
.
—
v
Bonds Voted
Concord, N. C.
—
The following
bonds amounting to
$95,330, were
bonds totaling $65,000, offered for approved at the Nov. . 5 election:
sale on Nov. 19—v. 164, p. 2598-— $24,000 improvement and furnish¬
ing; $22„000 land purchase, and
were awarded to the First Securi¬
ties'Corp.; Of ^Dutharh/ at a net $49,330 judgment bonds.
Sale
Bond
interest
cost
—
The
following
of about 0.995%:
Beliefontaine,
Ohio
bonds. Due
Bond Sale—The $296,000 hos¬
$3,000 from May 1, 1948 to; pital addition bonds offered for
equipment
$35,000
1957.
Bonds Voted—An issue of
$600,000 memorial hospital bonds was
ratified
held
approved at the election held
on
Nov. 5.
on
Jefferson
Township (P. O.
Midland), Ohio
Nov. 5.
Defiance, Ohio
Bonds Defeated
Bonds Voted—An issue Of
$500,000 city hospital bonds carried at
the recent general election.
Euclid
City Sch. Dist. (P. O.
Euclid), Ohio
sale oil Nov. 18—v.
164, p. 2454-—
30,000 street bonds. Due $5,000 were awarded to the Bellefonfrom May 1, 1948 to 1954.
j taine National Bank, as Is, at a
Dated Nov. 1, 1946.
Denom. price of par. Dated Sept. 1, 1946.
election
the
at
ed at the election held
of
defeat¬
was
is required.
Nov. 5.
on
Lodi, Ohio
Bond Offering—Roy E-. Musser,
New Concord, Ohio
Village Clerk, will receive sealed
bids until noon on Dec. 7, for the
Dee. 9,
purchase of $15,000 3% fire equip-,
Cincinnati, as 1 %s, at a
price of 100.66, a basis of about
on
ment unlimited tax bonds.
Dated
by Alice M. Ressler, Clerk of the
Dec. 1, 1945. Denom. $1,000 and
$1,000.
These bonds are Board of
Education, for the pur¬
WasScott,:H6)imer/i8s-Mason, at a
1, in 1947 to 1966. In¬ chase of
$500.
These
bonds are
due
$1,850,000 2%
coupon
terest
net interest cost bf^bttiit L19%.
payable J-D.
The next school bonds. Denom.
$1,000. Dated $500 April and $1,000 Oct. 1, 1947
highest bidder was Braun, Bos- Dec.
to 1956.
Bidders may bid for a
Mount Airy, N. 'C.
1, 1946. Due on Dec. 1: $80,worth
& Co., Inc.,
different
rate
of interest
in
a
and Fahey, 000 in 1948 to
Bond
Election—An issue
of
1960, and $81,000 in
Clark & Co., jointly, for lVas, at
multiple of V4 of 1%. The ap¬
1961 to 1970. Bidders may bid for
$450,000
street
improvement
a price of 100.82.
a
different rate of interest in a proving opinion of Squire, San¬
bonds will be submitted to the
ders & Dempsey,
of
Cleveland,
voters at the election to be held
Boardman Township Sch. Dist.
multiple of lk of 1%. These are
on Nov. 26.
the bonds authorized at the elec¬ will be furnished the purchaser.
(P. O. Boardman), Ohio
awarded
were
Co.,
Murphy, N. C, '
Bond Call—E. L. Shields, Town
Clerk*
034,000 building bonds was favor¬
the ably voted at the election held on
hasannounced >that
above Town calls for
1.62%.
payment
on
Nov. 5.
Cambridge, Ohio
.Bonds Voted—An issue of
ceases
date called.
on
Bond Offering—Harry A. Simp¬
Rapids Sanitary District son, Clerk of the Board of Educa¬
tion, wil receive sealed bids until
(P. O. Roanoke Rapids), N. C.
Bond Offering—Sealed bids will noon on Dec. 5, for the purchase
Roanoke
be received until 11
a.m.
on
Nov.
5f'$179,000 4%
is not
to
exceed
6%,
Denomination $ 1
payable M-S.
000. Dated Sep. 1, 1946; Due on
March 1 as follows: $5,000 in 1948
to 1967, and $10,000 in 1968 to
1977, all inclusive. Principal and
interest payable in .New
York.
Bids must be on a form to be fur¬
nished
by the above Secretary.
The approving opinion of Massiich & Mitchell, of New If ork, will
be furnished the purchaser. A $4,000 certified
Oct. 1, 1952 to 1954, $4,000 April
and Oct. 1, 1955; $3,000 April and
$4,000 Oct. 1, 1956 to 1958, $4,000
April and Oct. 1, 1959, $3,000
April and $4,000 Oct. 1, 1960 to
1962, $4,000 April and Oct. 1, 1963,
$3,000 April and $4,000 Oct. 1,
1964 to 1968, and $4,000 April and
Oct.. 1, 1969 to April 1, 1972. Bid¬
ders may
bid for a different
rata of Interest in a multiple of
44 of 1 %. Interest payable A-O.
check; payable to- the A certified chock for $1,790,
pay¬
State Treasurer, must accompany able to the
Board of Education, is
the bid.
required.;^;
■;
NORTH DAKOTA
Nelson County (P. O. Lakota),
N.D.
Bonds
Defeated—An
of
issue
$183,000 court house construction
bonds was defeated at the election
held
on
Nov. 5.
v
Township (P
Amanda), Ohio
O.
Bonds Voted—An issue of
000
fire
apparatus
unlimited
are
taxes.
Enclose
All bids will be considered
Dec.
9.
made at 8:30
p.m., on
A
transcript of proceed¬
ings evidencing the legality there¬
of and the printed bonds will be
furnished promptly for delivery
at
Cleveland.
Enclose
check
for
$150, payable to the Village.
Lorain, Ohio
Bond
Dated Dec. 1, 1946. Denom.
bonds
These
are
due
$1,000.
Nov.
1,
as
check for 1% of the amount of the
follows: $10,000 in 1948, and $11,000 in 1949 to 1972.
Bidders may
bonds,
bid for
payable
the
to
Board
of
Education.
Fairfield
est in multiple of V4 of 1%.
Local
Sch.
IColumbiana),
Dist.
(P. O.
Ohio
Bonds Voted—An issue of
000
construction
proved
at
the
bonds
$25,-
was
election
Squire, Sanders & Dempsey, of
Cleveland, will be furnished the
successful bidder upon the day of
for
Enclose
the
election
held
.
—
An is¬
of
$255,000 1%% first mort¬
gage water revenue bonds is be¬
ing offered for general invest¬
sue
by Widmann & Company, of
Dated Aug. 1, 1946.
Due Aiig. 1,
as follows: $4,000 in 1948, $5,000
in 1949 to 1952, $6,000 in 1953 to
1964, $7,000 in 1965 to 1980, $8,000
in 1981 to 1985, and $7,000 in 1986.
AH bonds maturing Aug. 1, 1957
and thereafter are optional and
Cincinanti.
Denomination $1,000.
callable
in inverse order of their
on Aug. 1, 1956 or on
interest date thereafter at par
maturity
Principal
interest.
accrued
and
interest payable at the
coln
c
bonds
tions to
Lin¬
Cincinnati,
National 3ank,
These
general obliga¬
Legality ap¬
are
the Town.
proved by Peck, 'Shaffer. & Williams, of Cincinnati. - • . ■ -- -•
North
(P. O.
:Lewisburg Local
Bonds Defeated
Sch.Di&f*
An issue of
—
bonds
building
$20,000
$160,-
000 construction bonds Was voted
"
"
•'
•;
received
Ohio
at- the ' electiori
feated
Nov. 5..
-
Was' de¬
held
ori
-
,
at the election held on Nov. 5.
Ohio
be
New Lexington,
•
,
Bonds Voted—An issue of
Offering
check
Westville), Ohio
on
Franklin County (P. O. Columbus)
Bond
Co., for 2s^
Ohio
Mad River Local Sch. Dist.
Nov. 5.
will
certified
$5,000, payable to the Sinking
Fund Trustees.
Bonds Voted—An issue of $360,000 high school building bonds
at
a
&
Co., for 2%s.
Public Bond Offering
and
sale.
Sch. Dist., Ohio
A. Hinsch
Charles
and J. A. White &
cipal and interest payable at the
office of the Sinking Fund Trus¬
tees.
The approving opinion of
on
due
are
$1,000 from Dec. 1, 1948 to 1955,
The next highest bidder was
any
ap¬
held
1946; De¬
1,
incl.
Prin¬
Nov. 5.
Fairview Village
carried
different rate of inter¬
a
Dec.
ment
Offering.—Earl R. Frank,
City Auditor, will receive sealed
bids until noon (EST) on Dec. 10,
for the purchase of $274,000 1%%
water works improvement bonds.
certified
a
certified
a
Dated
$1,000. These bonds
—
Sealed
until
bids
TO
a.m.
'< ?>•
.
V
•'
•
.f;
*
>
*
Norton Local Sch. Dist.
•
Maple Heights City Sch. Dist., Ohio
Bond Sale—The $100,000 school
(P. O.
Barberton)i Ohio
*/
'
Bonds Voted—An issue of
$254,4
(EST), on Dec. *6, by William F. coupon bonds offered for sale on
000 iit0
Berkhemer, Clerk of the Board of Nov. 19, were awarded to Ryan,
and equipiririiit bonds,/to bear not
County Commissioners, for The Sutherland & Co., of Toledo, as
exceeding 3% interest, was~vap4
purchase of $300,000 Tinal judg¬ 21/&s, at a price of 100.877, a basis
proved at the election held on
•
ment bonds.
Interest rate is not to of about 2.353%.
Dated Dec. 1, Nov. 5.
•'
;?
2%, payable M-S. Denom. .1946. Denom. $1,000. These bonds
"Pease Township Sch. Dist. (P. 0.
$1,000. Dated Dec. 10,1946. Due are due $5,000 Dec. 1, 1948 to 1967.
a Canton
City Sch. Dist., Ohio
Bridgeport), Ohio. ;
\V
$30,000 in March and Sept. 1, in The next highest bidder was Fox,
Bond Offering1—John F.
Roos,
1948 to 1952, incl. Rate of interest Reusch & Co., for 2^s* at a price
Bonds Voted—An issue of $156,Clerk-Treasurer of the Board of
exceed
.
bids to be expressed in multiples of
Dec. 9 for the .pur** V4 of 1%. Principal and interest
chase of $2,925,500 1%% building payable at the County Treasurer's
bonds. Dated Dec. 20, 1946. De¬ office; Approval of the bond pro¬
Education,'will receive sealed
until
of 100.13.
noon on
000 in
$10,-
bonds carried
at the election held on Nov. 5.
1945, and
'•
•.
000 construction
•
Martins
bid for
in
1951
a
to 1971.
Bidders may
different rate of interest
a multiple of
of 1%; Bonds
will be delivered to the buyer at
nated
in
Columbus.
A
certified
check for 1% of the par value of
the bonds must accompany the
bid,
•
t
-
.
i
■
f
'-!■■■ t
bonds'carried at
the election held, on Noy. 5.
Ferry,
Ohio
"
Bonds Voted *4- The
frillowihg
nomination ^l,00.0, one for $500. ceedings by the attorney of the horids totaling $188,000 iWete; ap.^
These bonds, are due Dec. 20, as bidder will be accepted arid con¬ proved at the electiofr TiOld On
follows: $121,500 in 1948, $121,- sidered; Bonds Will be delivered Nov. 5: $156,000 flood wall, and
000 in 1949 and 1950, and
$122,- free Of tharge" to any bank desig¬ $32,000 fire truck purchase bonds.
OHIO
Amanda
>
from
building bonds;
26, by W. E. Easterlirig, Secretary Dated ' April
1, 1947.
Denom.
of the Local Government .Com¬ $1,000.
These
bonds
are
due
mission, at his riff ice in Raleigh, $3,000 April and $4,000 Oct. 1,
for the purchase of $200,000 cou¬ 1948 to 1950, $4,000 April and Oct.
pon water and sewer bonds.
In¬ 1, 1951, $3,000 April; and $4,000
terest rate
payable
Nov. 6,
Principal and interest payable at
the" Cleveland Trust Co., Cleve¬
and award
$65,-
000
street
improvement bonds
tion $1,000.
Said bonds will be
carried at the election held on
paid on presentation
on
date
Nov. 5.
called, at the Central Hanover1
Bank & Trust Co., New York City.
Camden Local Sch. Dist., Ohio
Interest
on
land.
Jan.
1, 1947, $6,000 general re-«
funding bonds, NosV 31 to 36;
Dated Jan. 1, 1940; "Denomina¬
tion held
Fox, Reusch &
to
of
nom.
Voted—An issue of $1,-
for
offered
Nov. 19—v. 164, p. 2454—
on
Denom.
Bonds
street
$8,000
bonds
improvement
due Dec.
The next highest bidder
$1,000.
Sale—The
Bond
bids will
Bond Offering—Sealed
noon
An issue
approving
opinion of Peck, Shaffer & Wil¬
liams, of Cincinnati, will be fur¬
nished the purchaser.
A certified
check for 1 % of the bonds bid
for,(
sale
_
be received until
—
$5,000 building bonds
The
office.
urer's
Prairie Local Sch.
Dist., Ohio
Bonds Voted—An issue of
000 site
bonds
held
was
on
$231^-
purchase arid construction
voted
Nov. 5.
-
the
at
-
election
•-
/ ^Salem, Ohio
-f
Medina, Ohio
Bond Sale Details-^The $12,100 [ 'Bonds
oted^An issue of; $160,street improvement special assess¬ f0OO city haH bbnds was ratified
;
ment bohds awarded on Nov. 2 to at the election held-on Nov. 5.
:
♦'Volume 464
^Shaker lHeights
ty
THE COMMERCIAL & FINANCIAL CHRONICLE
>Number'454S
Sch.
Wilmington, Ohio
jv thereof are exempt from .taxation
Voted — The following by the United States of America
$180,000 were under the 'Constitution
of .the
favorably voted at the election United States as now in,force, and
Ohio,
Dist..
Bonds
.'Bonds Voted—An issue of- $200,-!
ionds amounting to
^000 construction bonds was voted
-atihpe le ction. held; orv:Nqv^ 5. ./ j
held
Shape'spille, Ohio
'
?
^<^yOffeHng^^aied bids wilt
until
Dec.
,be received
noon
Nov.''5: $90<000f street im--
prpvement bonds,- $9O,0{)0.
)onds
aggregating
fered 4or sale on
-
;;r'
V ^»
*Y*'V
1
y,' -v *■*.
of¬
$715,000,
Npv^ 19-^v.4.64;
City), Pa.
♦— Harold Flatt,
Secretary of the' Board of Super¬
visors, will receive sealed bids
until noon on Nov. 30, for the pur¬
chase of $15,000 3% general obli¬
Bond
^Offering
p. 2599—were awarded - to a syn¬
different rate of interest in a
dicate headed by Stern Bros. &
gation bonds. Dated Oct. 1, ,1946.
multiple of 44 of 1%.
The ap¬
Co., of Kansas City:,
Denom. $500. These t bonds are
proving opinion of Squire, Sand¬
$450,000 water supjiy /Bonds, At A due $1,000 from Oct, 1, 1947 to
ers .& Dempsey of Cleveland, will
net
interest e°st of about 1961vj Interest payable A^-O. 'Said
be
furnished; A $50 certified
2.17%.
bonds are general obligations. A
i cheek,
payable to the Village*
105,000 water extension bonds, certified check for 10% of the
must accompany the.bid*
: Resources
at
Bonds Defeated
$ij^00;storm ^wer and. sanitary
bonds
down
voted
was
election held
on
the
at
Nov. 5.
Sidney, Ohio
Voted
.Bonds
issue
of
$250,000 improvement bonds was
approved at the election held on
Nov.
5.
Stark County (P.
O. Canton), Ohio
Bond Sale—The $104,000 Reedurban-Genoa Sewer District No. 9
bonds offered for sale on Nov. 18
'
164, p. 2331—were awarded
to Halsey, Stuart & Co., as 144s, at
—v.
price of 100.789, a basis of about
1.12%. Dated Dec. 1, 1946. Denom.
a
-
$1,000. These bonds are due Dec.
1, as follows: $10,000 in 1948 to
1953, and $11,000 in 1954 to 1957.
Interest payable J-D.
The next
highest
amount
in
$1,000
ized
at
1949 to
1960.
—
on
following
An issue of
the elec¬
Mer¬
Bank, of Hennes¬
2454—were awarded
*
sey:
$8,000 water works bonds, as 246 s.
Due $1,000 in 1949 to 1956.
in 1959.
Authorized at the election held
Oct. 15.
on
der
was
The next
R.
J.
highest .bid¬
Edwards, Inc., for
$1,000. These bonds are due Dec.
1, in 1948 to 1971. The next high¬
Okmulgee Cdipity (P. >0. Okmul¬
gee), Okla.
& Co.
est bidder was J. A. White
Bonds Voted—An issue of $32,-
the
bonds
election
was
held
on
Nov. 5.
Washington C. H., Ohio
Bond
Sale
—
The
$32,500
fire
apparatus equipment and building
bonds offered for sale on Nov. It
—v.
to
as
164,
p.
2331—were awarded
Browning & Co., of Cincinnati,
lVz's, at a price of 101.012,
B»nd
Offering'—Manule
These bonds
was
The next highest bidder
Ryan, Sutherland & Co., for
a
are
due
Jan. ,1
County Clerk, will receive sealed
bids until 10 a.m. on .Dec. 2, for
528,000- 344%
purchase of $425,000 County
Separate
school
improvement
bonds. These bonds are due $25,000 in 1950 to 1966. 'Said bonds
4965, optional Jan. 1, 1957.
584,000 346% refunding bonds
Upper Darby Township (P.
Upper -Darby), Pa.
refunding
These bonds
the
Due
Jan.
1,
Jan. 1,1962.
the approv¬
are
due
1975,
bonds
Jan.
amount bid.
OREGON
"
: "
4, 1§46. Renom. $1^
©OO.These bonds A*e 4ueNPY; 4
In49484P;1962.:Legality approve#
By ^Squire, /Sanders & Dempsev
pf ^eveten^; iinterest {payab]le
M-N. The next highest, Bidder ;was
John Nuveen & Co.,. and Nationa
'.City Rank, Cleveland, jointly
for
144$, at a price of 100.08.
Prineville, Ore.
.
Bond Sale—The
.
t
An issue of
$161,000 memorial phrk construc¬
tion bonds was defeated at the
election held on Nov. 5.
Wharton Local Sch. Dist.,
Ohio
Bonds Voted—AnIssue pf $139,-000 building addition bonds was
approved at the election held on
-
the bid.
Nov. 5.
.
oWm
■
-
Qounty (P. O. San Antonio),
■'-'Texas
.1■; t
i;; r/ :'.'
^
'
<r
( .fj.
,
•/. -5
Jerauld County (P.
0.,lV.8fipglonJ
Bonds Voted—An issue of $35,000
approved,
hospital bonds
at the
election jb^id. oniNov.lS.
.Pa.-*'"
Brechepjbridge, /7!exo«
Bond; Offering—Sealed bids will
be received until-8 p.m.-on Nov.
26, by Mayor J. R. Brewster, for
the
purchase of $900,000
works
TENNESSEE
;$ate-Tbe $200,000 wa-1
ter works ,improvement bonds of¬
fered for sale on Nov. 1S—:V» 164,
Bond
p. 2331—:Were awarded
dicate composed of the
cial
Union Bank,
Securities
to,a syn¬
Commer¬
the Hermitage
(Jo., both of Nashville;
.
MvDougal
&
Condon, of
.Chicago,, af a price pf 100.08, a.pet
interest cost of about 2.49%, as
follows: $53,000 maturing Sept.;
j,$7,0Q0 in 4.947-to 19491;$8,0004h
1950 to 1953; as $s, $46*000 matur¬
ing Seot. 1, $9,000 in 1954,to 1957,
$10,000 in 1958, as 2y4s, and$101,000 maturing Sept. 1, $10,00,0 fin
1969 and;1960i^JU,QQj04n 4$614pr
1964, $12,000 in 1965.and, 1966, and
$13,000 in 4967, as ^s. Bated
Sept. 1, <1$46.
Interest s payable
MrS. IDenbm. $1,000. The .next
and
,
Equitable
JfashviUd
and
water
system
sewer
bonds.
enue
gations will be payable from juninterest cost of about 2.61% .
Bond Offering—Frank G. ;An^- i i im i ted ad yjfloxewin fages. These
bonds ace issued subject to the
drews, Assistant Secretary, will
Gallatin, Xetin.
favorable opinion^^?bf^^ Tqwnserid*
receive pealed
Bond Offering—Sealed bids will
Elliott & Munson of Philadelphia,
Dec.42,;fpi\tbe ^
be recovered until 1.30 p.m. on
and yrill be delivered to the pur¬
POOwat^^evenue^^uppn^rreg-!
Dec, 11, by R. L. Neal, City Re¬
chaser pnly; if and aftef the ; pro¬
istered .bonds.Dated pec, i, 4946.
corder, for the purchase of $20,ceedings authori?ing the issuance
Denom. $1,000. These bonds are
000 playground and park bonds.
thereof -Jiave been approved by
due $25,000 on Dec, fl fin 4947 to'
Interest rate is not to exceed 5%,
tthe ^Department, of Internal Af-|
1050.
The validity of the bonds
payable
F-A.
Denom.
$1,000.
fairs.
Enclose a certified check
Dated Aug. 1, 1946.
^yill:be; approved &yWpQ&TdofSA
Due on Aug.
for 2% of the face amount.
man, King «& 'Dawson,f of New
1; $1,000 in 1948 to 1965, and $2,000
York City, whose opinion will
in 1966.
Prin. and int, payable at
PUERTO .RICO
the City Treasurer's office or at
State that the bonds and the lid-*
Puerto: Rico-(possession pf)
come derived therefrom are nxr
the Chemical National Bank &
New Bond Offering Pending- -It Trust Co., New York City.
A cerempt from taxation within the
Commonwealth of Pennsylvania, is stated that B. J. Van Ingen
tified check equal to 2% of the
and that the transfer of said bonds
Co., Inc., of New York, has been face value of the bonds is reand any profit made from the safe named to form and manage
a
quired.
Chester),
.
Ohio
-—
Bexar
Cookeville, Tenn.
O.
Township Commissioners, for the
purchase of $300,000 coupon im¬
provement and equipment bonds.
Denom.
$1,000.
Dated Dec.
1,
1946.
Due $30,000 from Dec. 1,
1947 to 1956, incl. Bidders are re¬
■
West lake,
must accompany
scar¬
approximately 48,000
jkw. pf power
of 30,000 kw.
optiona
ing opinion of a recognized mar¬
ket bond attorney. These bonds
Bond ^Offering — Sealed
bids
were authorized
at the general .will
?be
received
until
8
p.m
election held-on Nov. 5. Enclose a
(EST), on Dec. 3, by James E.
certified
check for 2%
of the
Malone, Secretary of the Board of
price of 100.852.
Bonds defeated
payable
Knoxville, Tenn.
$136,000 sewer¬
age system bonds offered for sale
on Nov. 15—v. 164, p. 2599—were
quired to name the rate of inter¬
Washington Township Local Sch
purchased by Fordyce & Co., of est in multiples of one-eighth of
Dist. (P. O. Tple.do), Ohio
Portland, as .■$£%?, at a price , of 1 %. Bids will be received for the
Bond Sale—The $250*000 build¬
98j00, a Basis pf abpUtV2-975%. entire issue at any one rate of ining and equipment bonds offeree Dated
pec.'X,49£0*\pebom.i$lJOQ0. .terest ibut no hid combining ,two.
for sale on Nov. 14—v. 164, p. 2331
These
are
different rates 5yf|l be accepted^
—were
awarded
to
Stranahan
1948 to 4065. Jnter^st payable Registerable as to principal only.
Harris & Co., Inc., of Toledo, and
;NTo; ©thprv The .bonds yvill be sold to the
; FaRey, Clark $c£Q.,,Qi -Cleveland
highest, responsible ;bidder, p^p^Jointly, as 44&s, at a .price .of
PENNSYLVANIA
vided $00^ bid iS Jipt less tb^n^ par highest ,■ bxdjder -was 1 the
400*365, ajb^isHpfAbeqt i<435%
Chester Municipal Authority (P. O; and accrued interest. These obli¬ Securities^ Corp., And
iHateid ;|fev;
14£s, at
System
of the
restrictions and
of
because
.
opinion
as
to
their
A $2,500 certified check,
to the County .Trustee,
validity.
1970, optional Jan. 1, 1956.
Furr,
basis of about 1.29%. Interest pay
able J-D. Due in 1947 to 1956. in¬
clusive.
expansion
furnishing
will be sold subject to
Walnut Creek Sch. Dist., Ohio
voted : at
the
''***■■
$15,200 3s, and $8,000 2%s.
school, addition
of
attorneys'
,
$300 in 1949 to 1958, and $200
Fahey, Clark & Co., of Cleve¬
land. Dated Dec. 1, 1946. Denom.
to
000
that dur¬
it was impos¬
1
3,200 fire station, park and town
town hall bonds, as 2%s. Due
Nov. 5.
p.
equipment
Dated Dec.
-Bpnd $aIe Cpntra(?t—tE. G. GarThe second step, of the Author¬
veyr County Auditor, reports that
ity is that now contemplated. The the Van ,H.
Howard Co., of San
offered ,for sale
recently, were financing program about to be en¬
Antonio, has contracted to purr
awarded to a syndicate composed
tered into will furnish funds to
chase $325,000 2 Vz %
refunding
of the Bankers
Trust Co., Na¬
increase the facilities of the Au¬
bonds.
tional City 'Bank, both of New
thority so that it may continue
York, Halsey, Stuart & Co., Harris to operate in an adequate manner Board pf Regents of the Texas
Trust & Savings Bank, Northern and meet current and prospective
f£tqte Xe.athers Cqlleges (jp. O,
Trust Co., both of Chicago, Harri;Hvmt8ville), Texa8
requirements f or power*
man, Ripley & Co., Inc., First Na¬
Bonds Sold—An/issue of $200,The program contemplated by
tional Bank, of Portland, Schmidt
this financing will be entered into 000 '..33/6% *an^' "4%,' ^eriets
Pf
Poole
& Co.,
and A. 'Webster with'Masslich and Mitchell acting 1946-A, -Sam 'Houston
S t at^e
Dougherty & Co., both of Phila¬ as
Teachers College, dormitory rev-approving counsel; Jackson
delphia:
Moreland Continuing ;4o «ct as nue bonds was purchased recent¬
$1,000,900 346% refunding bonds
consulting engineers, and Arthui- ly by Milton R. Underwood & Co.,
of lioustph.
These bonds are due Jan. 1, Anderseh:& Co. as auditors.
Dated Nov. 1» 4946.
.'v*/. 4%.
••A
-"if*
Regality
approved
by
McCall,
1968, optional Jan. 1, 1954.
SOUTH DAKOTA
parkhurstCrowe, pf ;Dallas.
1,500,000 346% refunding bonds
totaling
bonds
the Farmers &
to
chants National
B°nd Sale—The $50,000 school
bonds offered for Sale on Nov. 19
164,
stated
years
war
sible to maintain normal progress
Philadelphia, ,Pa.
Bond Sale
The following city
bonds amounting to $3,612,000 and
also offered for sale on
15—v.
164, p. 2599—were
awarded
,Upper Arlington City Sch. Dist.
(P. O. Columbus), Ohio
—v.
highway
bonds. 'Denom. $1,000.
—
The
rehabilitation
bonds failed to carry at
tion held
bid, payable to the Town¬
Lucchetti
Mr.
ing the
price of 100.937.
Author¬
election held on Oct.
the
15.
Nov.
Heights -(P. O.
Cleveland Heights), Ohio
University
sewer
$50,000
Rico,
,
price of 100.42.
Bonds Defeated
]be received until io a.m. on
6, >by J. W. Elmore, Jr.,
County Judge, for the purchase of
Dec.
city of the necessary materitals.
ship, is required.
■J. Bonds \VotedAn
issue
of
During those years the Authority;
jPqnn Township Sch. Dist. (P. ~O. was able to meet the power de¬ $6,000,000 street, school and other
at a net interest cost of about
improvement bopds was approved
<R.F. D. No. J, Verona), Ta.
mands, but was unable to take
2.159%.
* '
Bond Sale—The $700,000 school care of; the many requests for new at the election Reld pirNoy. 5.
Additional
fond Sale — The bonds offered for sale on Nov. 13 service. Since the end of the
war,
Trent on, Jenn.
$60,000 sewer extension bonds of¬ ■—v,
Bond
464, p.
^warded however, the Authority has found
Offering—'Mayor James
fered for saleon Nov. 49~v. 464,
to a syndicate composed, of Rarri- it necessary to take certain steps O, Barker announces that .sealed
2599—were
awarded
to
the
man Ripley & Co.,
Inc., Blair & to further increase its generating* and oral bids will be received un¬
First State Bank, of Guthrie, at
/Co., jInc., W. H, Newbold's Som & transmission and distribution fa¬ til Nov. 29, at 2 p.m., for the pur¬
a net interesfcost of about 2.09%.
Co., of Philadelphia, and Johnson cilities in order to ineet the rapid-v chase of $11,000 146%
feabody
The only other bidder was the
& Johnson, of Pittsburgh, as l%s, ly increasing demand from pres-/
High School coupon1 bonds. De¬
First National Bank & Trust Co.,
at a price of 101.077, a basis of ent users, and also the tremendous
nom. $1,000.
Dated pec. 1, 1946.
Oklahoma City.
about 1.655%. Dated Nov. 1, 1946. pressure from potential ■ users for; Due on June
1; $5,000 in 1963 and
Denom. $1,000.
These bonds are connections with the System. The 1964, and $1,000 in 4965. Bidders
Hennessey, Okla.
first step takenlby the Authority
due $28,000 from Nov. 1, 1948 to
Bond Sale—The $12,000 street
may specify other ;i;ates of inter1972. The next highest bid was was the;purchase of '^Seapownr»^
0?t. A certified check >fpr 5% of
repair bonds offered for sale on
a floating power plant which was
that of the First Boston Corp.,
the amount bid is required.
Nov.
15—v.
164, p. 2599—were
connected with
the
System in
Stroud & Co., and Graham, Par¬
awarded
to
the First National
July, 1946, and this unit is already
sons & Co., jointly, for l%s, at a
TEXAS
Bank, of Hennessey, as 246 s. Due
bidder was Braun, BosCo., Inc.,. for .1.44s, at a
$475,000
bids
—
$11,200,
n
+*■
'Sealed
100,000 park improvement bonds,
worth &
j
interest cost of about
—
-
An
—
net
2.16%.
An issue of
—
a
Offering
1,1946. Due on Dec. 1,1966. These
issuing agent .of 1 the: Island's gov¬ bonds will be sold at par and ac¬
ernment, had made the appoint¬ crued interest to date of deliv¬
ment with his approval.
Purpose ery at the lowest interest cost to
of the new issue is,to refund put-, the /county, after. deducting
pre¬
standing , obligations and fo pro¬ mium, if any. The purchaser will
vide .additional funds fqr capital bear all expenses of the sale, in¬
imprpyepients.
cluding cost of printing bonds and
.
Sherwood, Ohio
.Bond
will
Authority, said} that the
Banco de.Fomento de Puerto
(P. O. Knoxville),
Tenn.
,
iK
Highland Township (P. .O. James
Guthrie, Okla.
Sale -w-iThe' following
Bond
'
00tk Rated July 1,1946.; Due $1,4
^OO irom Jan. 1,1948 to 1957, in4
elusive., Bidders may specify \&
must
.
OKLAHOMA
mately ^$50,000,000 Puerto iRico
Water Resources Authority- elec¬
[County
Knox
r
'
existing acts ;Of iCon-: tric revenue bonds.
;$2,Q0O certified ;eheck
Antonio
LuccRetti,
Executive
accompany the bid.
Director of the Puerto Rico Water
gressc ;A
'.
by Paul Jones, Village Clerk, foil
,the purchase of $10,000 3% water
works system bonds. Denom. $1,-
syndicate ;to underwrite and disribute a new issue of approxi¬
under -the
storm
V
'
ahdsanitaryseweribonds.
2
on
on
2743
Interest
rev¬
rate is not
to exceed 3%,,payable J-D.
De¬
Dated Dec. 1, 1946.
$18,000
in 1947, $19,000 in ;1948, $20,000
in 1949, $21,000 in 1950, $22,000 in *
1951 -and 1952, $23,000 in
1953,
$1,000.
nom.
Due
on
Dec. 1, as follows:
$24,000 in 1954, $25,000 in 1955
and 1956, $26,000 in 1957, $27,000
in 1958, $28,000 in 1959 and 1960,
in 1961, $30,000 in 1962,
in 1963, $32,000 in 1964,
$33,000 in 1965, $34,000 in 1966,
$35,00,0 in 1967, $36,000 in 1968,
$37,000 in 1969, $38,000, in 1970,
$39,000 in 1971, $40,000 in 1972,'
$42,000 in 1973, $43,000 in 1974
and 4975, and $30,000 ; in
1976.
Bonds maturing Dec. 4> Y1957,
through Dec. I,"4976, become op¬
tional Dec. 1, 1956, and thereafter
on any interest payment date aft¬
er 30 days' published notice at par
and accrued interest plus a pre¬
mium of 24/2%.
In the event less
than all of the bonds outstanding
are called they shall be called in
their inverse numerical order. The
bidders are invited to .name the
rate of interest the bonds are to
$29,000
$31,000
.
bear.
Split interest rates will be
accepted but the rate must be in
multiples of 46 pf 4% and no bid
than three rates.
par and
accrued interest.or for less than
all of the bonds stipulated in this
offering will be considered. ? Upon
request, bidders will be furnished
may name more
•
No
bid
for
less than
Consulting Engineers' report
prepared by ,Freese &, Nichols,
the
Consulting Engineers, Fort
The
Worth.
furnished
approving opinion of the
purchaser, will be
with the
Attorney-General
•
and
McCall,
.
THE
f
2744
Dallas. 1946. Denom. $1,000. These bonds
are due Dec. 15, as follows: $2,000
Hid forms will be made available
from 1947 to 1952 inclusive, $4,000
by the City Secretary upon re¬
from 1953 to 1959 inclusive, and
quest. The City may at its option
refuse to consider a bid not made $5,000 from 1960 to 1971 inclusive.
The next highest bidder was the
on
the prescribed bid form but
local banks, for $100,000 as 21/2s.
the
City reserves the right to
waive irregularity and to reject
Corpus Christi, Texas
Bond Sale—The $350,000 street
any and all bids.
Bonds will be
printed at the expense of the City improvement bonds offered for
and delivery thereof will be made sale on Nov. 19, were awarded to
to
the successful bidder at the the Corpus Christi Bank & Trust
Mercantile National Bank of Dal¬
Co., as 2s, at a price of 100.02, a
las.
These bonds were authorized basis of about 1.99%. These bonds
at the election held on June 6. are due
$35,000 Dec. 1, 1947 to
Enclose a certified check for 2%
1956; bonds maturing in 1954 to
Parkhurst
of
Crowe,
&
bond? pay¬
of the amount of the
1956, shall be optional on any in¬
terest payment date on and after
able to the City.
Dec. 1, 1953, at a price of par and
Investment— accrued interest. The next high¬
revenue
bonds est bidder was Rauscher, Pierce
Bryan, Texas
-
Bonds Offered for
following
The
amounting to $3,000,000 are being
for general subscription
&
Co., for 2s, at a price of
100.05.
offered
Columbian .-4 Securities
the
by
Dallas, Texas
Bond Offering
Earl Goforth,
Antonio:
Electric Light and City Secretary, will receive sealed
bids until 2:15 p.m. on Nov. 27,
5 Power,
Water
Works and
for the purchase of the following
Sewer
System bonds. Due
Dec. 1, as follows: $35,000 in bonds aggregating $3,405,000:
1948, $65,000 in 1949 and 1950, $400,000, Series No. 234, Water
Corp., of Texas, as San
—
1%
$235,000
Works
$70,000 in 1951.
2% Electric Light
Power,
Water
Works
and
Improvement
bonds.
Due $20,000 Dec. 1, 1947 to
and
.■
and >/ 1966.
Sewer
System bonds. Due
1,000,000, Series No. 235, Sanitary
Dec. 1, as follows: $70,000 hi \
Sewer and Sewage Disposal
Plant bonds. Due $50,000 Dec.
1952, $85,000 in 1953 and
1954, $95,000 in 1955,
and
1, 1947 to 1966.
$105,000 in 1956.
840,000, Series No. 236, Street
Paving bonds.
Due $42,000
355,000 2Vz% Electric Light and
Dec. 1, 1947 to 1966.
Power,
Water Works and
Sewer
System bonds.
Due
200,000, Series No. 237, Storm
Dec. 1, as follows: $110,000 in
Sewer
Improvement bonds.
/ Due $10,000 Dec. 1, 1947 to
1957, $1-20,000 in 1958, and
440,000
"
.
:
$125,000 in 1959.
1,970,000 23/4% Electric Light and
Power,
Water
Works
and
•i
Sewer System bonds.
Due
Dec. 1, as follows: $130,000 in
1960
and 1961, $135,000 in
1962, $140,000 in 1963, $150,000
in
1964,
$160,000 in
1965,
$170,000 in 1966, $180,000 in
1967, $185,000 in 1968, $195,/
000 in 1969 and 1970, and
$200,000 in 1971.
Dec.
1,
and
and
interest payable at the First Na¬
tional Bank, Dallas.
These bonds,
thereafter
date
ment
at par
Principal
interest.
-accrued
authorized at the election held on
Nov.
14, constitute a legally bind¬
ing speeial obligation of the City,
and
are
payable from an exclusive
on a joint pledge of the
received by the Electric
first lien
revenues
Light, Water Works and Sewer
Systems, after deduction of rea¬
sonable
operating expenses, as
amended.
Legality approved by
Chapman & Cutler, of Chicago.
Dist. No. 3 (P. O. La Feria), Texas' ■/:
Bond Sale Details — The $120,000 series B, issue of 1946, im¬
provement bonds awarded re¬
cently to the Ranson-Davidson
Co., for $70,000 as 3s, and $50,000
as 2%s—v. 164, p. 2455—were sold
at a price of par, giving a net
interest cost of about 2.81%. These
bonds will mature April 1, of each
year and will be approved as to
legality by McCall, Parkhurst &
Crowe, of Dallas.
and Improvement
Cherokee County
These bonds are due $7,Aug. 1, 1952 to 1959.
Bonds maturing in 1954 to 1959,
become
optional on and after
Aug. 1, 1953.
These bonds part
of an authorized issue of $84,000.
$1,000.
from
000
purchase of various issues of
amounting to $55,000, not
Legality
exceeding 4% interest.
the
bonds
County
Jefferson
French Indep.
McCall,
approved t by
Parkhurst & Crowe, of
Dallas.
above
City's municipal transpor¬
refunding, revenue
tation system,
Nos.
bonds,
4411
to 4637,
dated
Jan.
1, 1945, are called for pay¬
on
Jan. 1, 1947, in inverse
order of number, as provided in
ment
said
bonds, and payment of said
bonds will be made on and after
said date at par, plus a premium
Mvs/
of 1% upon presentation at the
$279,000
City Treasurer's office, or the fis¬
water, hospital and street bonds
$135^000 construction bonds was
cal agency of the State, the Chem¬
awarded on Oct. 28 to Rauscher;
Sch. Dist. (P.
y
O. Beaumont), Texas
defeated at an election
-
held re¬
Pierce & Co., of Dallas, at a net
interest cost of about 2.37%, for
cently.
Ship
Harris County Houston
Channel Navigation District
(P. O. Houston), Texas
Bond Sale—The. $2,687,000
;
V/
...
se¬
$48,000 as 2s, $84,000 as 2^s, and
$147,000 as 2V2s—v. 164, p. 2332—
were sold at a price of par.
These
bonds were authorized at the elec¬
ries B, issue of 1946, improvement
bonds offered for sale on Nov. 20
tion held
164, p. 2600—were
to
syndicate composed of Hal-
Whitman County,
Tax
Tobacco
this source during the entire cal¬
County Community Sch.
Dist. No. 16 (P. O. Paris), Texas endar year 1945.
Bond Sale Details—The $10,000
July—latest 1946 month re¬
2Vz% construction bonds pur¬ ported in full—scored higher than
(
(P. O. Colfax), Wash.
* it
Bond Sale—The $330,000 school
bonds offered for sale
Receipts
total receipts from
less than the
Pullman Re*
/.l; organized Sch. Dis. No. 307\
Nov. 19
on
2456i—were awarded!
& Co., of Spokane,
and
Associates, at a price of
100.07, for $60,000 as 3s, $32,000 as
lYzs, and $238,000 as l3/4s. De¬
nom. $1,000. The next highest bid¬
der was Richards & Blum, and As¬
sociates, for $330,000 2s, at a price
164,
p.
to Paine-Rice
Of 100.866.
WISCONSIN
>
Ashland, Wis.
1'"
'
Bonds Voted—An issue of
000 memorial
$300,building bonds was
approved at the election held
on
Nov. 5.
"V.fl
'
•
0-
u
/v.s >iy'
' ''
!,-V< k'i--. t'V'v
•<'
Barnevald, Wis.
Bonds
Voted—It
is
stated
by
the Village Qerk that at the Nov.
5 election the voters approved by
wide margin the issuance of the
$35,000 water works system plant
a
Lamar
Im¬
Due $20,- chased recently by the State Per¬
000 Dec. 1, 1947 to 1966. ,
manent School Fund—v. 164, p.
320,000, Series No. 239, Public 2455—mature $500 from Dec. 15,
Park
Co., New York
City. Interest will cease on date
called.
—v.
Rise
sey, Stuart & Co., Blair & Co., Sharply — Cigarette and tobacco
Inc., Kidder, Peabody & Co., Un¬ tax collections, boosted by in¬
ion Securities Corp., both of New
creased tax rates* return of serv*
York, Stranahan, Harris & Co.,
icemen, and more plentiful do¬
Inc., of Toledo, Equitable Secur¬ mestic
supply, rose 73.8% during
ities Corp., Hornblower & Weeks,
the first half of 1945 over receipts
of New York, Dittmar & Co.y of
for the same period last year.
San
Antonio, Fort Worth Na¬
The Federation of Tax Admin¬
tional Bank, Fort Worth, Newistrators reports that collections
hard, Cook & Co., of St. Louis, in 31 states from
January through
Lovitt Abercrombie &
Co., of
June this year were $112.6 mil¬
Houston, as 1.80s, at a price of lion from
cigarette and tobacco
100.157, a basis of about 1.782%. taxes.
During the first half of
Dated
Dec.
10,
1946.
Denom.
1945, collections were only $64.8
$1,000. The next highest bidders million.
were a syndicate
headed by the
During the first six months of
Harris Trust
& Savings Bank,
1946,
collections from tobacco
Chicago, for 1.80s, at a price of taxes were
only some $51 million
100.089.
ical Bank & Trust
Sept. 10.
on
UNITED STATES
awarded
—v.
a
Texas
Sweetwater.
Bond Sale Details—The
Defeated—An issue of
Bonds
bonds.
No date of sale is sched*
uled
yet.>-/;///
as
Trempleau County (P. Q.
month this year, with collec¬
Whitehall), Wis.
totaling $21.7 million. This
Bonds Voted
An issue of $1,was
46.6% more than the $13.8
1946 to 1965. Dated, July 15, 1946. million reported for July, 1945. ■' 248,000 road improvement bonds
Market
Construction bonds.
Due $16,000 Dec. 1, 1947 to Denom; $500.
February is the low month so was favorably voted at the elec¬
1966.
far this year for tobacco tax col¬ tion held on Nov. 5.
Port Neches Iniep» - Sch* Dist.,
30,000, Series No. 240, City Hall
lections, with
receipts totaling
Texas
WYOMING
'•
Remodeling bonds. Due Dec.
Bond Offering — C. L. Yar- $16,649,000. February 1945 receipts,
1, as follows: $1,000 in 1947, brough, Superintendent of Schools, however, totaled little more than
Cody, Wyo.
v
f
Bonds Defeated
At a recent,
$2,000 in 1948, $1,000 in 1949, will receive sealed bids until 8 half that, or $9,294,000.
election the voters are said to
$2,000 in 1950, $1,000 in 1951,
p.m. on Dec. 3 for the purchase
VIRGINIA
have rejected a proposal to issue
$2,000 in 1952, $1,000 in 1953, of
$500,000 school house bonds,
$2,000 in 1954, $1,000 in 1955, not exceeding 3% interest. Dated
$325,000 ivater works bonds.
:/ Colonial Beach, Va./
$2,000 in 1956, $1,000 in 1957, Dec. 15,
Bond Sale
The $65,000 water Weston
1946. Denom. $1,000.
County (P. O, Newcastle)*
$2,000 in 1958, $1,000 in 1959, These bonds are due Dec. 15, as works and sewer bonds offered
Wyo.
$2,000 in 1960, $1,000 in 1961, follows: $10,000 in 1947 to 1952, for sale on Nov. 14—v. 164, p. 2200
Bond Sate— The $130,009
$2,000 in 1962, $1,000 in 1963, $20,000 in 1953 to 1958, and $40,- —were awarded to C. F. Cassell
memorial hospital bonds offered
$2,000 in 1964, $1,000 in 1965, 000 in 1959 to 1966. Principal and &
Co., of Charlottesville, as 2^4s, for sale on Nov. 15—v. 164, p, 2067'
and $2,000 in 1966.
interest payable at a place pre¬ at a price of 100.826, a basis, of
—were purchased by the Casper
215,000, Series No. 241, Munic- ferred by the purchaser. Bidders about 2.115%. Dated Jan. 1, 1947.
National Bank of Casper, accord¬
/ ipal Garage and Auto Test are required to name a rate or Denom. $500. Interest payable
/ Stations bonds.
Due Dec. 1 combination of two rates with J-J. These bonds are due on Jan. ing to the County Clerk. Dated
Dec. 1, 1946. Due $10,000 frorpt
as follows: $11,000 in 1947 to
their bid which is nearest par and 1, in 1948 to 1977. The next high¬
Dec. 1, 1948 to 1960, inclusive.
1949, $10,000 in 1950, $11,000 accrued
interest.
These
bonds est bids were F. W. Craigie & Co.,
Principal and interest payable at.
in
1951
to
1953, $10,000 in will be delivered to banks as
for 2%s, at a price of 100.197, and
the County Treasurer's office*
1954, $11,000 in 1955 to 1957,
designated
by
the
purchaser. Scott, Horner & Mason, of Lynch¬
$10,000 in 1958, $11,000 in Enclose a certified check for
burg, for 2^s, at a price of 100.53.
1959 to 1961, $10,000 in 1962,
$100,000, payable to The District.
Winchester* Va.
$11,000 in 1963 to 1965, and
Rockport, Texas
Bond Election—The issuance of
$10,000 in 1966.
Bonds Sold—An issue of $9,500 $650,000 water and sewer bonds
Dated Dec,
1, 1946. Denom.
2% Series of 1946, sanitary sewer will be submitted to the voters
SASKATCHEWAN
$1,000/ Bidders to name the rate
improvement bonds was purchased for approval at an election sched¬
or rates of interest that will jus¬
Saskatchewan (Province of)
recently, by the First National uled for Dec. 10, it is reported.
tify a bid of par, or approximately
Bonds Offered for Investment—
Bank, of Rockport.
Dated April
par, expressed in hundredths of
The Dominion Securities
Corp.,.
WASHINGTON
1; 1946.
Legality approved by
!%, but split ratetf• wille not be
Clark County, Evergreen Sch. Dist. Ltd., offered for public subscrip¬
considered.
Principal and inter¬ McCall, Parkhurst & Crowe, of
tion on Nov. 20, an issue of $3,W. 114 (P. O. Route 1,
Dallas.
est (J-D) payable at the Chase
000,000 3V4% sinking fund deben¬
Vancouver), Wash*
National Bank,
of .New York. Seabrook Independent Sch* Dist.,
Bond Bids Rejected — It has tures;^due oiLNoVv 15, 1962.These*
Bonds will be readj^for delivery
Texas u.V7./
been announced that all bids re¬ bonds are payable in Canada only
to the purchaser about Dec. 20,
Bond Offering—The Board of
ceived in connection with the of¬ and are being offered to the pub¬
1946.
The Liberty State Bank, of
Trustees, has announced that they
lic at 98,16, to yield 3.40%.
The*
fering on Nov. 15, of not to exceed
Dallas, will certify as to genuine¬ will receive sealed bids at the of¬
Province on Nov. 15 paid off aJ
6%
semi-annual $80,000 school
ness of the signatures of the offi¬
fice of their attorneys, Lewis St
bonds—v. 164, p. 2456-^were re¬ maturity of $5,000,000 5Y2 % bonds,,
cials signing the bonds and also as
Knipp, ■ 701-709
Citizens
State jected. These bonds ' will be re- payable in U. S. dollars.
to the City seal impressed there¬
Bank Building, Houston 2, Texas, advertised with a bond attorney's
This reduction Of $2,000,000 is;
on, *THe City w^^ furnish the ap¬
until 10 a m. on Dec. 9 for the
opinion furnished by the District. the latest step in the Province's,
proving opinion of the Attorneypurchase of $150,000 school house
policy of reducing its debt, a pol¬
General of the State and the ap¬
Grays Harbor County* Elma
bonds, not exceeding 3 % interest.
icy which has been continuing
proving opinion of Chapman & Dated
Sch. Dist. No. 118 (P. O.
April 1, 1946.
Denom.
for almost five years.
In the four
Cutler, of Chicago, all legal opin¬
Montesano), Wash.
$1,000. These bonds are due $10/years ended April 30, 1946, theions to be paid for by the City.
Bond Offering—Minnie Swish¬
000 April 1, 1947 to 1961. Princi¬
net direct and indirect debt of
A certified check for 2% of the
pal and ^pterest payable at the er, County Treasurer, will receive Saskatchewan was reduced by
face value of the bonds bid for,
State Treasurer's office or at the sealed bids until Dec. 13, for the
$35,037,000.
/
payable to the City; is required.
First National Bank of La Porte. purchase of $48,500 school bonds,
/ According / to
the Provincial
Fort Worth, Texas
The approving opinion of Lewis & not exceeding 6% interest. These
Treasurer, Honorable C. M. Fine,,
bonds are dated Jan. 1, 1947.
Bond Offering—H, C. Michael, Knipp, of Houston, the Attorneyan agreement with the Dominion^
Commissioner of Accounts, will General, and Board will be fur¬
Government respecting Treasury
King County (P. O. Seattle),
any
tions
.
—
<—
,,
—
'
.
CANADA
Water Control
Cameron County
City Secretary, will receive sealed
bids until 7 p.m. on Dec. 6, for
1966.
400,000, Series 238,
provement bonds.
.
1946. / Denom,
$1,000.
Bonds maturing Dec. 1,
1957 to 1971, are optional on Dec.
1, 1956, or on any interest pay¬
Dated
Graford, Texas
Offering—J. L. Scudder,
Bond
Monday, November 25, 1946
CHRONICLE
COMMERCIAL & FINANCIAL
Road Dist. No. 2
,
•
O, Rusk), 'Texas
$100,000 road
bonds offered for sale on Nov. 15
(P.
Sale—The
Bond
—v.
164,
2600—were
p.
awarded
to the First of Texas Corp.,
of San
net interest cost of
2.393%.
Dated ; Dec.
15,
Antonio, at
about
a
DIVIDEND NOTICE
ELECTRIC BOAT COMPANY
33 PINE
The
STREET, NEW YORK, N. Y.
Board
declared
a
of
has this day
twenty-five cents
Directors
dividend of
the Common Stock of the
Company, payable December 10, 1946, to
per
share
on
atockholders
business
Checks
of
record
at
the
close
of
November 26, 1946.
will
be
Co., 16 Wall St.,
N. Y., Transfer Agent.
Trust
H.
November
G.
by Bankers
New York 15,
^ "
mailed
SMITH, Treasurer
14, 1946
,
receive sealed bids until Dec.
17,
purchase of the following
bonds amounting to $2,000,000:
for the
$300,000 airport bonds.
950,000 street improvement
bonds.
1
,
nished
to
Enclose
a
the
successful
bidder.
certified check for 2%
of the bid.
,
,
-
Roland
of
1946,
/■"'
:
Wash.
.
/
Bills
Defeated—It is stated by
C.
Nolte,
Chief
Deputy
the propo¬
county
hospital bonds was rejected at the
refunding bonds Nov. 5 election.. ' /
/
County Treasurer, that
Spearman, Texas
sal
Bonds Sold—An issue of $56,000
series
:'f
Bonds
to
issue
$10,000,000
a
of the
Province
further reduction of
will effect:
$44,000,000*
Thus
in the debt of the Province.
the
aggregate reduction in the net
direct
and
indirect; debt of the
Province in the
five fiscal years;
ending April 30, 1947, without
having regard to the anticipated!
Seattle, Wash.
Investment
Co.,
of
50,000 recreational facilities Rittenoure
Bond Call—H. L. Collier, City surplus for the current fiscal year„
Wichita, as 2%s.: Interest payable
V". bonds.
3
will amount to $79,037,000.
I
Treasurer, has anqounced thaUhe :■» .f •* »* '* ■* «* -» •« 4 -« '-4 ~*.i* \» "I M M H n »•'.
"500,000 livestock*building bonds.. F-A. Dated Aug. 1, 1946, Denom.
200,000 park bonds.
:'
*
„
was
purchased
recently
by
the
.,
'/-/
@FedFRASER