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'i ftOM. ■. UBfcASY MONDAY Reg. V. 8. Pat Office Volume 168 Number 4755 New Price 75 Cents York, N. Y., Monday, November 29, 1948 Copy a GeneralCorporationandlnvestmentNews RAILROAD Steel Acme Co.—Secondary PUBLIC UTILITY - Offering—A secondary (par $10) was effected Nov. 23 by^F. S. Moseley & Co., A. G. Becker & Co. and Blyth & Co., Inc., at $47yg per share. Dealer's discount $1.50.—V. 168, p. 2001. Nine Months Ended Sept. dividends Cash in Dividends 1948 30— — — Interest The company Is inviting sealed, written proposals for the purchase of 812,000,000 first mortgage bonds. Such proposals are to be presented to the company, at the office of the service company, from 1,707 bank on for Provision Commonwealth 5, N. Southern & Y., before 11 a.m. Corp. (EST) (New York), Dec. 7.—V. York New A dividends-. B 1948—3 Mos.—1947 '• $ * Total .ProV. Fed. for Consol. $' ,j" ' ' 94,823,317 85,028,675 190,150,813 2,348,299 8,432,421 •Before in 171,755,258 1947. i 435,291 ! $208,261 SHEET, SEPT. 30, *730,000 3,200,000 *1,480,000 1,618,299 5,232,321 4.685,703 investments, 2,062.722 2,073,907 2,062.722 $0.69 $0.95 $2.08 $2.34 book average of July 31— 1948 $ Total net sales before Profit Prov. for LIABILITIES—Note the 23,064,181 21,712,325 taxes on income *8,894,179 *8,205,000 amounts payable 13,507,325 13,981,728 $6.46 $6.16 $6.32 (Sept. bank, to profit- Code 1947; The basis on follows: as $1,570,000 'taxes Federal of carry-back $420,000 the for income on six provisions three the for and after is twelve , permit of Ohio It ended 1948. due 1948 30, market 2003. p. quota¬ American Power & Light April 1950, 1, (& Subs.)—Earnings—- 1S48 1947 $2,300,000; income-—_ $16,865,374 $12,019,603 $8,468,558 $6,530,506 gecphvsical, geo¬ logical & admin, exps., rentals, taxes, 6.657,771 . Operating provision for For taxes, par), $2,504,110; capital surplus, $4,838,930; to April 30, 1933), $9,393,210; total, $19,- income Income 000 — —- 4,799,864 $10,207,603 3,398,412 $7,219,73.9 260,751 242,478 — income $10,468,354 Intang. drilling: velop. and Issuable 2,382,957 $5,070,146 132,524 full shares 300,000 of stock Co. : of 500,000 Period authorized for company \ '. . and unissued details in V, authorized in order common to 168, conversion of preference shares. 2002. p, $7,462,217 Profit :* on au¬ • American Light & Traction Co.—Secondary ' Distribu¬ tion—Morgan Stanley & Co. completed Nov. 18 a second¬ ary distribution of 25,000 shares of common stock (par $25) at $197/g per share, with a dealer concession of 65b a share.—V. 168, p. 2109. 3,602,514 2,485,284 $2,717,386 $1,427,366 $3.64 $2.45 $1.72 was October, announced Waiter and Nov. on that ton carried Airfreight broke alone records for high the month carriage in of cargo Vice of in mail, with compared October American reached President September, ft 3,450,679 1947. Airlines ton These overseas charge and express of sales, Airfreight miles figures in was Air In express to September exclusive are October. in Air mail rose from 736,644 ton miles September to 773,364 last month. The , jumped nearly 50,000 ton mnes, from 479,289 in Septem¬ 526,764 fleet to DC-4 70 North and Airfreighters planes cargo American Century—Fox & Foreign Film to to stations.—V. Corp. below.—V. Power Co. Curb U. S. supplement bring 168, air p. its cargo 2109. 168, p. Stock --13 ——24 Earns, Exchange Pittsburgh St. Louis San Stock Inc.—Reorganization Montreal Stock Exchange Montreal Curb Exchange to the U. S. Court of Appeals, recently gave sanction SEC.—V. 168. on or to Markets this ' Established State and City Light The Course No Stock of Bank Declared & COMPANY $60 24 Exchange 24 33 * OLDEST INVESTMENT p., declared extra an dividend distribution made was of the on cents per 75 stock common ' 915. Buy Stock— has appropriated $100,000 for the purpose of pur¬ shares of its preference stock for cancellation and , . fill tenders in per the and mail and shares of The will be of such stock preference transmittal National Bank Jersey considered by said Tenders made have been unless agent at the blank of City, made and Jersey N. forward City, it agent 52 and —44 Payable Rates- _44 ; the on such a transmittal at or before 3:00 p.m. (EST). lowest prices (but not exceeding will be accepted up to an amount sufficient to exhaust appropriated, provided, however, that the corporation right, in its discretion, to reject all tenders. asset value, the basis for the of of the close of business on Nov. 18, 1948, market values, of the securities owned, as on of cost outstanding $63.50 of selling preference share. per such stock The securities, of total the applicable to 168, Federal Reserve SU 464 HOUSE IN ' ■ UTAH I 'I ' ' Z '• " :: ' I t* ry System———: ' . „ t \.. St. Louis Listed and Unlisted Securities Edward D. Jones & Co. <• , . ' " • • ^ ' /. Members New St. " ' „ . 1871 300 North 4th St., St. Louis 2, Missouri —44 * each corporation was ap¬ of the preference of liquidation of the corporation was, as of Nov. 1, 1948, share plus $99.50 of dividend arrears, or a total of $199,50. p. 1138. . Established 44 com¬ after claim in case per Statement of Federal — by foi J. share) deduction share the Exchange Place, received, funds reserves puted execute to The First 1 1948. 30, —V. Condition Statement of Member Banks of Salt Lake City 1 System Teletype income, etc. Clearings————43 Banks • Bell 24 No, extra tenders blank Section——41 -42. - Offerings-— Bond Exchange Reserve 1899 „ Nov. cn 166, purpose, Nov. Redemption Calls and Sinking Fund Notices--44 Combined Condition " taxes on from $100 Foreign S. Main Street depletion, , for cash, registered Miscellaneous Features Dividends 160 depreciation, General Corporation & Investment News_Cover Specializing in EDWARD L. BURTON $8,59 the holders thereof at prices not to exceed $60 per prices shall include all accrued and unpaid dividends such stock. Holders of preference stock who desire to tender all part of their holdings of such stock for purchase by the corporation stock Boston. Federal Judge John D. Clifford, It had been approved by the Utah Power <5* 2. proximately the plan. $3.41 which should —39 Exchange Stock and Bond Averages— 2109. p. taxes, corporation invited were Jr., 1 share 12,220,652 $9,838,094 $25,215,885 quarterly dividend of 50 cents per share on the together with the regular quarterly dividend of $1.50 the preferred stock, all payable Jan. 3 to holders of on Dec. 1948.—V. share, 38 Exchange Transactions New York 4,036,892 (est.) usual Accordingly, —36 36 Transactions New York Curb Exchange Appeals from the Federal District Court's approval of reorganization filed at Portland, Me., Nov. 12. The action will take the case the stock, chasing, 37 38 Over-the-Counter income American Superpower Corp.—Offers to 36 Exchange Toronto Stock Exchange—Curb Appealed— directors and The --35 Exchange—— Stock on 1 corporate share per in -35 Stock Exchange Stock taxes --35 ; Stock Exchange— Francisco foreign retirement. Stock 241,440 3,339,567 356,287» 1,087,070 —- - 85,180 .. 168, p. 1138. 35 —. Exchange Detroit Stock Exchange Philadelphia taxes smelting, refining and manufacturing plants, from sales metals, by-products and manufactured products, and from treatment metals of others, before deducting administrative and general ex¬ 34 Stock Exchange Los Angeles , 337,733" ;V 751,10" — — per common 34 Stock business new -34 - _. Cleveland expenses- exam., 156,781 $16,535,813 $44,973,055 998,724 2,848,117 _ — 3,0*72,901 mines, record 29 Exchange Cincinnati — income share (Bonds) Chicago Stock Exchange Toronto 437. and Net The (Stocks) Exchange Stock , Broadcasting Co., Inc.—Control Sought— Twentieth American 14 passenger than more American See using combination of service is company York Baltimore mine etc. 399,780 V >4. , 1,463,^95 Drl3,642 152,121 common Exchange routes. new a New __L, general research, Depreciation Quotations Stock Exchange Stock ; , Depletion penses, Page Boston in peak of 2,474,690 ton miles in October, an increase of more than a quarter-million ton miles over September. Airfreight shipments totalled 5,394,660 pounds. ber • 9 Months American Snuff Co.—Declares 75-Cent Extra Dividend Stock and Bond New York 15. aggregate miles on its record a Assistant the miles, ton 3,082.915 of cargo again following Sternberg, 3,774,818 year. $41,343,593 ,145,260 income, Corporate taxes, state income & franchise —V. $0.90 3 Months consolidated-- — for Exps. 2,793,219 $3,859,703 Airlines, Inc.—Breaks Cargo Records— corporation announced last of $14,940,199 not investments Administrative and of $4,220,585 4,734,375 1948— - Total *Of 1037. p. ; subsidiaries praise. charges Jess 73,036' $5,202,670 Sept. 30, from shares provide-for employees, as well as preferred and cumulative New York during week corresponding Interest, dividends from others & misc. from, $4,147,549 $5,733,979 American This the over Smelting & Refining Co. (& Subs.)—Earns. Ended Dividends ' stock In This Issue income 168, Nov. 18, 1948 the System input of subsidiaries amounted to 250,697,000 kwh., an increase of 24,645,- *Earnings in order to stock ot The shares, , executives but to the increase to this voted to increase ,the shares to 2,500,000 shares, de¬ Earnings per share— —V. Co.—Weekly Input— ended or 10.90%, 168, p. 2110. American Illinois—Merger, Etc.— voted 23 atiso to thorized from deprec., costs, depl. & leases aband. and expired Net week company kwh., —V. of Total the this of 'investigations, 1945 1946 Oper., Other $34,309; expenses, Nov. on exchange Finance was 1,800,000 , See Amerada Petroleum Corp. 3 Mos. End. Sept; 30— an •. . t lease unfavorably required summer adjustments before full scale production of soda ash achieved, it- appears unlikely that earnings from the new will be realized to any appreciable extent during 1948.—V,. 168, 1133. p. stock months months July 31. 1347. and $620,821 for the twelve months ended July 31, 168, p. 937. * .'■ etc. ($1 of warm be plaht (subsequent 168, stockholders preference estimated refundable Revenue 31, ____ share for amounts oper. accrued American Investment Co. of net —V. Gross and loss the of 16,500,000 14,170,002 surplus 086,183.—V. 30,481,728 prevision June earned payable class B stock $15,623; income common Internal ended - on Fed. per deducting $ • 377,515,045 315,125,568 taxes Consolidated *The $ 410,594,631 accounts- « Fed. est. Earnings 1946 1947 affected to maintain months, with production in the period,'?, they added. quarter "were found schedule equipment on production necessary can ' 12 Months Ended third of stockholders were, also informed that the addition to the plant and the construction of the new soda ash plant at Trona, Calif., have been completed. . They added,- however, that because tions—$17,792,670), $16,776,670; total, $19,086,183. at rate The 1948 2,073,907 outstanding Earnings per com. share 1 ; stockholders, power 1,300,000 Com. shares to the for higher resultant a 1948 and $660,734 in and taxes. Peter Colefax, failure to obtain the the 7 ' 7 • $0.17 • sales of securities of $494,732 on and Earnings by 2,901,940 $0.08 , $67,058 2,505,110 —— 2,161,294 ... 157,329 —. period-: profit $659,678 ' charges 235,625 . B. R. Armour; Chairman of the President, said that while sales and pro¬ duction for the nine-month period this year were ahead of the corre¬ sponding period last year, "lower earnings continued to reflect the company's inability to recover in its prices all of the incerased costs it has had to absorb, particularly labor and fuel oil costs." 41,300 $208,261 „ statement a board, ASSETS—Cash, $490,041; U. S. Government securities—at cost (Sept. 30, 1948 market quotations—$1,499,685), $1,499,470; dividends and'ac¬ counts receivable and interest- accrued, $89,196; due from brokers for securities sold, $45,806; receivable in settlement of suit, $185,000; 6,165,703 * ' __ $3,460,208 After In 59,063 ... 11,000 , ; —^ BALANCE profit- net . $ taxes income on 1948—6 Mos.—1947 * ; outstanding— •Earnings per class B share. taxes Fed. est. on $ 3,461,294 before income on . sales.___I net Profit ' tax shares Class.B (&Subs.)—Earnings— Period End. July^l— 48,938 income dividends- *Surplus Allied Stores Corp. 76,467 , 1, Class 168, p. 2109. 109,208 * 11,843 1948—9 Mos.—1947 $3,138,762 $10,598,112 $9,824,328 419,546 1,177,560. 1,521,603 1948—3 Mos.—1947 sales *Net income $836,509 loan Federal inebme Class Pine St., 20 L : - it *Net 192,984 $377,407 1_ Net $631,681 — Expenses Period End. Sept. 30— 51.688, Total MISCELLANEOUS * American Potash # Chemical Corp.—Earnings— 1947 ' $324,012 — securities, priced at mkt. quots Interest Alabama Power Co.—Invitation for Bonds— INSURANCE - American Cities Power & Light Corp.—Earnings— .. distribution of 20,000 shares of common stock INDUSTRIAL - York Stock Exchange Louis Stock Exchange Chicago Bd. of Trade York Curb Exchange Associate Chicago Stock Zxsh. New Phone CEntral 7600 Bell Teletype 8L 593 2 (2222) THE Appalachian Electric Power Co.—To Call Stock— The will stock be ing closed of shares 3. books 1, 4.50^ the of close the Dec, for business for 1948, the of said which series Nov. 23, 1948, Issued been open¬ Over by lot number of the maximum and (Calif.) out¬ The that company covering and 300 offered in of stoc'x outstanding for $5,0001. (par The (par common shares S10», are that or these to erect plywood mill. directors The cents share, per dividend rate, by share. There regular a with Quarterly Pay't dividend quarterly extra an dividend of 25 48') of 12',2 craft In share. the on sent date letter that this extended be may the 14 program Government slightly overhead, of Aircraft Corp., Tool etc., balance nary the in the made that types by to purchase made." are There Is "Our customers investment, for and repre¬ to complete a airplane other no presented of $1 Dec. shave per recently was declared to holders of record Dec. 15 the on See 1. V. the at payment Co., New at York, N. C. Y., and 3, 1. In Corp., The directors of 10 cents declared dividend of 10 Dec. a payable $1, par like amount A have stock, holders 15 to cents to paid on Aug. 13, this year, while in paid on Dec, 13,—V. 168, p. 1794. was was share Dec. 1947 an year.—V. initial 167, p. 2359. • for the The in corporation notice a of holders the the of first A Co., Havemeyer Construction Co., for, Inc., and certificates of deposit was of reorganized in New for each the in 1938. York assumed were U. 8. Beacon by & Court for District Holders of series A Midway there¬ the bonds Corp., Southern —V. of $75,000,000 reported barrier to President the Nov. on this to of Dutra Government to the of to Nov. on net on quarterly had share $1,000 in principal amount of did bonds, an income bond of Corp., the new corporation formed in that reorganization, ordinarily payable par value. Regular $15 Sept, made been loan Brazil the entitled receive, crust certificate for of $1,000 due Feb. I, 1958 and a voting trust of its capital stock. Holders of series B bonds for each $1,000 in principal amount, a voting 10 shares to 10 shares of stock. Holders of bonds or certificates This by writing to Manufacturers Trust Co., Street, New York, N. Y. '• ►' Beaver will "On after March or trict Court for bonds 1949, the corporation will apply to the Dis¬ fixing a date after which the holders of old of deposit will 110 longer be permitted to ex¬ certificates and for 10 and * new securities."—-V. 157, p. other On Jan. 2, stock —V. 168, at will 9 Mos. End. Net Sept. 30— 1940 Earnings t$2,099,641 $1,565,588 1,531,334 437,524 437,524 outstdg. share per ♦Adjusted ^Includes $2.61 — to give effect $507,508 net Bendix Home of to sales on 194G $2.37 the 3"2-for-l pioi'it 1945 '-$1.37 stock split in securities.—V. of Following payable the dividend a Dec. the 1947, rate same 20 the ♦$1.02 1948—3 Mos.—1947 this date 2115. but p. 62V2 of $10,706,702 $21,252,993 7,737,720 15,330,859 sales of last $40,525,835 $59,707,078 30,569,152 41,725,952 of qiade record of In 1,256,809 2,435,568 $1,692,173 $3,486,566 4,698,577 1048 to 5,945,813 Operating profit Purchase discount other income Gross 94,118 the 114,480 '» 290,662 280,985 cents $1,786,291 expense $3,601,046 $5,548,768 $12,316,298 4,174' 58,254 14,957 —_ Prov. for Federal income tax * be share cents of March and 31 distribution a Dec. paid in value per at 15 of share per share of holders of to 1,788,000 Jt record 31, 5,131,000 $3,756,594 ipA|ll»Jfv03 $7,127,044 $2.02 * - $3.55 and $6.81 the stock, depreclat, amortization 163, and of $273,452 $815,525 Dec. Serial notes of stock dividends, in .Interest. ' in — _ 1948 the cents —- $849,323 249,767 84,270 is make Expenses ; bank on paid when quax-ter three share per 31. totaled 1948 capital stock total a consists 178,204 of was Dec. 1948 actual the of $10,067,000, $16.79.—V. and 168, the of 25 in share per 1947.—V. Prov. Preferred $803,020 dividends Common, $787,128 Per 210,000 dividends ♦Surplus for period shares outstanding ♦Earnings per ♦Before NOTE therefore on sale securities of files provision as has "regulated a been made BALANCE SHEET, for $1,027,123 * investment Federal SEPT. 30, Witter & & and accounts receivable company" per share 167, for p. interest accrued, ' ' quotations—$5,600,209), $5,600,008; and $119,208; ■ the current year, $6,444,475 $5,752,328 $5,028,747 4,936,776 4,462,472 4,116,473 $1,289,856 $912,274 40,731 LIABILITIES—-Note payable and $28,986; common payable accrued to bank, expenses, stock due Oct., 1, $72,846- ($1 par>, $7,489.483(sub*e«uent to 060 31 total, $22,402,254.—V. 168, p. 1140. ' 166.758: earned surplus 1953 $1,330,587 $960,660 603,318 508,344 309,488 tax. $822,243 $651,172 $0.85 $0.75 $0.59 1,094,456 shares. on - for taxes canitarsir^s 1932) $10 444 domestic, Dec. I, 1963. 168, p. 1926. 21, operating Californ 29 under com¬ a communities. The pur'f cation, storage, industrial, serving and 105.775 over-all an from revenues PREFERRED and in¬ 1948. and the 53.2',), and public all metered total of 137,292 during sources the by the of series as 12 > . SHARES—The number each, resi¬ of names the follows:- are D preferred shares ; _ ——— & 32,000 __ Co.___— UNDERWRITING OF 163. ; 16.000 — 8,000 __ SERIES . 24.000 ____ C BONDS—Dean Witter & Co., San 2116. p. California Electric Power Co. (& Subs.)—-Earnings— (Mexican Operating subsidiaries Maintenance Federal Other are- not consolidated 1948—3 Mos. —1947 revenues $2,597,306 169,412 1 herein) J 948—12 Mos.—1947 $2 ,291,336 $9,412.9:19 $8,225,72' 671,203 647,10; 1 ,070.176 4,237,022 3,534,46' 213,420 218,666 903.060 850,67.) de.prec.__ income taxes, 149,374 1,121,158 , fur taxes - 255,264 183,220 268,348 : 240,231. Net operating ♦Other revenue 663,634 659,83: 1.043.033 917,55: $569,704 -$423,619 $1,890,047 20,753 31,393 116,582 159,950 $590,462 income . $461,012 $2,006,629 $1,776,040 (net.i„_ & income $1,616,090 Net oth. inc. deduct. 130,574 107,089 493,043 447,017 —1 $459,888 $353,923 $1,513,586 $1,329,023 income ♦Includes following dividend from amounts: Sept. 30, ended Sept. year unconsolidated Quarter 1947. 30, ended S30.000; Mexican Sept. year, 30, ended 1947, $143,887.—V. 168, subsidiaries 1948, Sept. $18,642; 30. 1948, in 2116. p. Capital City Products Co.—To Split-Up Stock— The stockholders stock shares of $5 exchanged for on from Nov. 30 125,000 value, par two new will vote shares, each on increasing without • the value, par share present shales, the quarter $107,906; - authorized to 200,000 outstanding ; to be ' - Corp.—Loan Placed Privately—The privately with Prudential In¬ Company of America $10,000,000 3V2% notes, due Proceeds will be added to working capital. 1358. and associates from $2,200 000; provision 31, other gathering, was Co 48,386 $928,561 As mentioned in dividends receivable in settlement of suit, *aA ^Vf\ge (Sci>t- 30> 1948 market quota¬ 22,713,204), $14,586,46o; total; $22,402,254, accounts in two noted be anticipated California in owning to will protection. company -Earnings1946 California Water Service » cost due and Dec. systems for transactions the to the and 14.9and 1948 Net sales Net profit Number —V. after of Earnings 157, p. taxcs__ shares per 1,166,390 outstanding—— '' 1947 $23,316,981 _• _______ 1946 $21,276,324 $15,221,498 1,702,377 749,739 99,600 99.600 99 600 $11.71 share $17.09 $7.53 128. ; Sisnon- faS«S!! S°/d' *192>476; tions— Oct. conver¬ 1140. $1,531,879 —I Burlington Mills and taxes. securities—at 1948, consumers, Co Francisco.—V. Operation $1,507,699 ... income 168, p. 643. —V. income the percentages effect utility, water stock, Inc Co.. Elworthy & , 1947 etc for. Federal Income surance and a reserved upon No. of Shs. Dean liquidating company jn October placed $0.03 1948 1948 fa^mSE^n~jQ4«h'mJVr5?9'°98i ?' S\Goveniment 30, 1948 market /Sept. 7,489,483 in that legal f5.3'A. issuance of EARNINGS FOR YEARS ENDED AUGUST 31 r +$171,820 SO.11 of tDeficit. Company no share common profit .t2,079,690 in 1947. $803,020 7,489,483 . 1. wholesale purchased Blyth 748,948 Common provides subject to indenture. 1948, were $5,023,238.. underwriters to 80 24,180 — income, share —V, the When . giving supply fire OF severally indi¬ with 1948 - 44,156 Net income 31, principal together cents +80,000 shs. amounts of preferred incorporated operating Aug. 23.7') production, the commercial Gross be . 210,000 shs. issued subsequent issuance 1.8'/), public of for UNDERWRITING common ♦Net sale and ended • 139,000 shS. 101,000 shs. were unlimited for Sept. was the 1948, consumers. 24, 1140. p. 420,000- declara¬ year compared Outstanding $14,282,000 139,000 shs. corresponding water of 31, Schwabacher payment quarters for extra dividend an $2.25 share per Total-——— 169,776 39,937 1111,11111 loun Interest FINANCING $480,000 provisions before water uses, and months gains divi¬ on the selling and Aug. ended Balance $1,001,060 PRESENT stock, series D. JUpon shares there will be initially surplus, 25.1',), namfe and At of quarterly dividend of 50 cents per Share on the common payable Dec. 23 to holders of record Dec. 8. These both are funds additional shares. operating an corporate dential Of r 67,467 $1,021,162 — — Interest capital was date the fourth first Transp. and other operating income Operating exps. and other charges. 1947 $725,046 _ of +500,000 shs. in stock surplus between business stated has and and munities Int. 46,349 Total A cash or 1948, 14, estimated for 84 9 Months Ended Sept. 30— securities, priced at mkt. quots— TO bonds constituted completed are 20.4') Gross Corp.—Earnings— Nine Months Ended Sept. 30— Cash Dividends directors of cash. Buckeye Pipe Line Co. (& Subs.) Blue Ridge issuance outstanding bonds constituted 54.6% of company's long term funded debt, capital stock the • Company 16. $610,123 1898. p. the usual compared with $3 $254,650 — sources program of 1948, BUSINESS—Company cents Brockway Motor. Co., Inc.—25-Cent Extra Dividend— dividends ♦After —V, A '* share—*- •>«</* $1.13 | per board receive stock in The directors have-declared * Earnings the from1 $2,183,493 internal preferred preferred Provision — from balance the C__ these- preferred D Aug. crease 30, preferred the on D Period End. Sept. 30— Oct; by 1948-55 restrictive pet- June 1947. assets includes due series issued be may the scries common 3. 24, 1948 substantially all during .the year. The exact amount Dec. The paid about for expended be may 1949 The E, F, and G common 24, record made. 54 total a Net income Interest will cates 1948. $649,230. construction 1949 ; of of C, due which series 1.3'), the special distribution noted above, it is presently the ordinary dividend to* be paid for the fourth quarter about 30 cents per share payable in cash on Dec. holders of with $5,258,106 $12,035,313 and to for EFFECT series ser. D, under to that the '. shares On ' amount tion „■ the stockholders, elect to addition estimated the permit fixed- capital available provided stock, convertible 80.000 sion share cents when 25 year, on per Dec. on realized per which $515,000. stock and its policy distributing cents that to banks at Dec. 31, was to 0 pfd. per including cents 15 year. will expenses 50 year sums banks and from estimated $25)— (par bonds 73,120 stock cents and to up quarterly capital for dend company" capital expenditures and and have approximately additions the of be (1.5tf -2.2'.) ), ♦Indenture is cash), unless the sufficient be . cumul. Common loan. will not be determined until Dec. 14, 1948, trie record determining stockholders entitled to receive the distribution, presently estimated at something like 55 cents per share out¬ standing. Distribution will be made in stock (fractional shares in 1947. 168, fixed to approximately at Authorized distribution capital gains totaled depositors- sources consisting amortization '(esti¬ and presently finance funds cost bonds, 1975 notes Cumul. pf. stock, about distribution March, 1948—9 Mos.—1947 3elling, gen. and admin. net of have by 1948, year internal will estimate GIVING cumulative the the holders to paid as company established its intention This probably Capital stock be 1899. its Appliances, Inc.-r-Earnings— Period End. Sept. 30— Net sales Cost 1947 $3,626,327 1,531,334 shares the hand and in Dec.-. 31, 1947 plus any The the 3 'A r!< 1, Serial Broad Street Investing Corp.—Estimated Dividends— $3,589,186 income 'Capital (& Subs.)—Earnings— estimated ' mtge. Nov, - irrigat'on Beech-Nut Packing Co. on gross approximately CAPITALIZATION total quarterly p. capital advanced Gross •-additions distribution securities.. , dividend of $1.37 also declared, payable Dec. 31 was ordi¬ years for toward required - usual The 1047. disbursed, is this of at of accessories. apply estimated legislative a company's on time some declared share. per order an change them for 1947. 1, was and It end deposits. $987,360 4.40') removed was the declare to Dec. js the first payment since Sept. 30, last share the recent during current-borrowings from banks in $3,580,944. is transmission above 22 stock; common fixed funds for loans, estimate , approved distributions 3276. p. directors on'Nov, the on working in mains, new service connections and wells, tanks and pumping plants, $119,680 for purification-facilities, and the balance of $290,411 relates to various categories such as real estate, miscellaneous structures, equipment Bridgeport Brass Co.—15-Cent Common Dividend— The deposit may exchange them 45 1949 surplus. principal amount of certificate for are increase are securities the to the not about or regularly 1948.—V." 165, 10, restoring of improvements from bank us and extension meters, is, nearing proceeds properties. guarantee decided 20 of District 1948 of $625,000 of cash present additional directors sale depreciation capital. sales repay to for Brewing Corp. of America—Omits Dividend— The the to from derived provided the hand year Beacon Hotel in to on line 168, p. 2004. dividend which from purpose rapid expenditures funds been obligations The Zurich, Lausanne, company The 22. consummation when ago proceeds agreements. provisions for working iegulat'on entitled to receive are last weeks au<homing certificates of deposit may soon become valueless, and should be exchanged without delay for bonds of Beacon Hotel Corp., which have substantial value. The bonds of Havemeyer Con¬ Inc. loan was two said: Co. pay act "These bonds and struction Bank it for expansion and improvement The 5%*# sinking fund gold bond certificates, series A, and first .mortgage junior participation 6'A ') sinking fund gold bond certificates, series B, of World used to net * completion, mortgage sale and additions gross capital from $600,000 be must 1st Hotel Corp. (Ilavemeyer Construction Inc.), N. Y. City—Exchange of Securities— have Cash income trust bonds Brazilian Traction, Light & Power Co., Ltd.—Loan— Beaeon the expenditures extension the reducing other Jay R. Benton, President, announces that the company will con¬ tinue its present dividend scale through 1949. $404,000 has been set aside to provide for the dividends to be paid policyholders the coming 1. the approximately $476,000 lor the calendar year 19481 and funds by depositors pursuant to line extension- agreements. "The required to finance the remainder of the -capital expenditures date to the on record line available company / 168, p. 2110. per of from mated at to - Switzerland; or of Banque de Paris et des Pays-Bas, Switzerland, with all unmatured coupons attached except the coupon maturing nr» April 1, 1949, which may be retained by tn<" holder.—V. 166, p. 2207. ! . i | Bayway Terminal Corp.—10-Cent Dividend— proceeds advanced Boston Mutual Life Insurance Co.—Dividend Scale— common had funds builds Geneva, common and including to financing has of J. Henry Schroder & Co., England;, or of Chemical Bank of Credit Suisse, or 10,713 by principally of the to 1948, Drawn to net the extensions capital for the full calendar year delivered collateral thereof. offices E. Jan. on mortgage value the London, St., redemption 5# con¬ $4,032,000. by for face is common subject population cf the communities served by the company has made-, pursuant Geneva, or deposit about 22,000 shares," dividend Trull & for Leadenhall 145 called £59,000 of and for proceeds additions, Inc. Boeing be the use EXPENDITURES—The $2,841,969, Corp., Goodyear Air¬ in -"which they can D. is or desirable, substantial capital expendtiures for additions replacements to enable the company to extend its various systems and to increase their service capacities During the period from Jan. 1. 1948, to Aug. 31, 1948, the number of consumers served* has in¬ than Machine sections series shares of rate business. Air¬ transported are the which and 163, p. 1140. been fund, series A, bonds, letter also said: "We are informed by our customers that Stone, a director of the company, and associates own about 52,000 shares of common stock. They have agreed with the purchasers stock payable have retirement states; the net for of Co., Aviation & Inc., work of others joined ate Gear Mills, bonds Rohr Inc., stock rate of Q.914 necessary would-re¬ Airplane Bendix as Bros. General handling are they result Force.—V. Foote Co., C Series such of used course CAPITAL developmental, Aircraft, Swallow and concerns Co., assemblies where Northrop Co. well-known Manufacturing The with $1,500,000 capital receive more that contracts tooling, 7 ') will parts residue of preferred an'initial preferred "stock, to defray a port-on of the company's 1948 capital expenditures; con¬ sisting principally cf the construction of "additions, extensions and improvements in the ordinary course cf business, and will u<e the (Kansas), In addition Bolivia Railway Co.—Partial Redemption— Robert G. A purchased of the the proceeds The i from Aeronautical such plants Air of creased Division, itself the days. stockholders common ofter representations to Wichita, subcontract a of of the 80,000 series D preferred shares to repay bank loans totaling $2,270,000 (borrowed from'American Trust Co;, San Jose, Calif. $1,520,000; Crocker First National Eank of San Francisco, $750,000), obtained" percentage of subcontracting done Superfortresses were produced-at alone represents over 34') of the total to convertible share PURPOSE—Company intends to B-29 producers cumulati each adjustment. companies participating in the Boeing sub¬ CurtJss-Wright Corp.. Douglas Aircraft-Co.,. Inc., Pneumatic Fireman craft expire at 3 p.m, on Dec. 10, 1948. $75,000 are deposited, the purchasers reserve the to accept all shares deposited, or to huy not less.than pro rata basis. If less than 60,000 shares are deposited, a final The and in for and manufac¬ than either 75,000 of those The offer will more right charge the manufacturing, are Ryan addition, Boeing Air subcontractors to in (Wash.) resulted pointed value among specialize. Trust Co., 55 Broad St., New York, N. Y„ acting as agent lor unnamed clients, has offered to purchase between 60,000 shares and 75,000 shares of Agwi's common stock at 347.50 If has when while lor program Corp., Iron Purchase Agwi Stock— per work exceed dollar from company costs. Cleveland Manufacturers the Consolldated-Vultee as Atlantic Gulf & West Indies SS. Lines—Offer Made to The this to Vice-President Seattle 5.3') stock Stratojels are involved. Mr. Lauden themselves will be acsembe!d and ds* in Lauden Boeing Included cents per share, placing The' vertible into &ma£»on m-ck at diverted be Monday, November 29, 1948 of B-47 airplanes plants value, Mr. the at other contract the annual payment on compared with a previous rate of $2 per 1.041,824 common shares outstanding—V. 168, p. 2110. are of and value common stock, both payable Dec. 27 6. This action increased the regular quarterly share, 10'). main cents par Dec. basis of $2.50 per a together the $10 on holders of record to declared 22 Nov. on share, per One-Half statement, Mr. Lauden disclosed that 325 B-50D Superfortresses, B-54 Superfortresses, years war contract nearly 62Mi wiil plants. total Associates Investment Co.—Increases Over this probably the CHRONICLE Subcontracting contract price that will be diverted to other manufacturers. to this suppliers of raw material will receive more than an as will during be to Proceeds will be used to retire outstanding common and balance pay notes; filed a registration statement with the cumulative preferred stock (par 8101 15 shares 8%. common exchange sale. outright Nov, on 100,000 shares funds while by Boeing magnitude of the Divert allotted money Stratofreighters, and added livered SEC— 3EC the In commenting on airplanes, including Co.—Registers With Timber Products of procurement C-97A Areata Co.—Will suppliers, F. P. Laudan, turing, revealed Nov. 17. time, such shares to be called for redemption on 168, p. 41. FINANCIAL Procurement Funds— one-half Force & other any one 1949.—-V. Airplane Air Force stoek the to selecting of purpose heretofore have Boeing cumulative- preferred representing In the aggregate 2')- standing at Jan. from business certificates of transfer COMMERCIAL 55 ia2* '' $10'444'182' cumulative on Co. Securities Offered— issue of Nov. 22 Dean Witter & Co. Nov. 17 offered 80,000 shares of 5.30% — our convertible $25); at $26.50 per Dean Witter & preferred share. Co."also offered stock, on series Nov. 18 D (par $1,500,000 first'mortgage. 3V4% bonds, series, C, due Nov. 1, 1975, at 98 V2 and interest. Further details follow; 1 The latter issue was awarded Nov?. Stuart & Co. Inc. bid 95 for 3'As. 16 on a bid of 97.512. Halsey, Carpenter Steel Co.—Dedicates New Research Lab.— Tire new erate research the laboratory at Reading, Pa., built to further accel¬ company's development of specialty steels for industry, has just beer dedicated to those employees who served in the armd forces during World War II, it was announced on Nov. 20.—V. 168, p. 1899. Central Maine Power Co.—Old Registration Statement Withdrawn— . ? • The 1947 registration and withdrawn covering from statement 160,000 registration covering 303,330 shares was (No. shares Nov^ • - 7302) of 15. filed common A new with the stock SEC (par registration filed with the SEC, Nov. Nov. $10) 10, was statement 1—V. 168, p. 2116. . Volume-168 Number 4755 THE Central Indiana Gas Co:—Earnings— ' _ ' .. " _ offered . ,n._ *3&l4 W ' as subscribed not are Amort, of tUil. Utility *'Other Lehman Brothers 14* 469 561^20 acovis~~adfust onerntin<» income 150 000 125 000 Lazard Freres & Co Bache & Co., * 9155 288 8609 560 lit'bS ■' m 638 met ' - Gross 386,947 149 025 ai.-ninh nlant income 447,507 IS4' 986 proats taxes excess reserve income $747,207 105 ,>72 94 389 _ 1 Net income * * ' 467,836 34,650 —V. 168 * * 40 519 i ' • ' ' , : Ceiltial & oOUtll' c> West , . , , .24 J® "eight equipment, and $28,876,175 is for Company hopes to, reduce its commitment for .54- ^ A. corp.—Stockholders .74 Becker & Co. 4.29" Marks- & Co._ 7.63 Inc.-:. Laurence M. ' 2.54 C. Miller & Co. Northwest Co.— Piper, Jaffmy &bHopwoodL 1.04 Prescott, HaWlsy, & Co., Inc. L. F. Rothschild & Co Farwell, Chapman & Go.— .54 Hallowell; Sulzberger & Co. .24 Httyden, Stone & Co.____j._ 2.54 at the rate Of one pire at 3 18. (EST) p.m. The iiled which with ject the SEC underwriters subject not or warrants, shares operative became when the effective, ' . registration is being offer may to sell and warrants underwriting of 18 to Freres. banking a otherwise, underwriting awarded was headed group winning The offering an Lehman by Pp£d Ih^ock bid compensation of 39 at cents and 32,801 bids and were compensation of less follows: as Harriman Ripley 62 compensation 98.402 Net • operating income income 53.9 M. cents Co., Inc., (jointly) Loeb, Smith, $10.25 Rhoades & share. a LISTING—Compariy Intend, to make application Erchange for the listing of its common stock PTlRPOdP Prmnonv PURPOSE-Company ized from the (n^nric intends sale of the of two of stock common onr.iv tw to iho $10 ; inc. gross the to ' York New • v. t be to Power & Light Co. 2'r 2'Vr due and 3rk note.i serial semi-annually 1959, & $1,375,000 unsecured, to July 1, on Jan. debt of Funded debt of * * * . SSSSc'SbM DIVIDENDS and pany ON American dividends of 35 company COMMON Public Service Co; on the of merger Feb. 1947, 20 cents of per-share record also was Nov. on declared, 1948. 3, Nov. 30, will not to respect of the shares of common stock now offered as such will not be issued until after the record date for such dividend. Central effective Public South & Feb. 1947; 3, Service West Co., Utilities its Co. subsidiary morged By the the company was changed to Central itself docs not own or operate and uti the outstanding ity shares of Power (Okla.); O01 The 13 served Gas & subsidiaries the of (Texas) ; Electric are furnish in electric in in communities'" 743 109 counties utility in to service add- Texas, rural counties 49 in water, No of revenues 7.49% the from subsidiaries the sale of and changes In ducted by the Company 12 the and the subsidiaries months one months ended ice consists ended Jurte June property '*GONSTRUCTTrtisr 30, 1948, approximately of at Houston, • Texas, pB/tfufAM nF now Among the Norfolk, con- r except subject mmRTDTAtJTF®) The any of the company is to prineip miles of operated operated under road operated, listing at . line from Phoebus Toledo to into track. important citie.7- Newport Newsy and and Huntington; Ashland, served" and the in be and il95I on the New York Stock district are D. and other SG6,228,006 facilities. Of said tor additional F^^GSE To reimbuise company s trea. ury, in pai fc, mn corporate purpose*. , $104,000,000, it •« ,n^-<rpr hi i thl ^t imn.ini of RfHUhutlap'r^? Jl£ i^ii i/^iriii r rnn nnn r onrf iifnm mn from thp for 1047 from of Dec. 1947, additional to- May, 1948, securities approximately the of -.f hv by 1 the "a'n i i ^Vfi'nnn nnn^niarpJit^'nvia^inai amount of bonds sold aggregate principal amnmahotfrtJtw the-sale ri1- subsidi- $33,500,000 subsidiaries during-the year period, and the balance ..through retained earnings andvisions for depreciation and amortization during the.period. UNDERWRITERS—The erally agreed « The to purchase, Commercial William names Dana and in underwriters who have the percentages indicated opposite Financial Seibert, the of / * th^.rqU eC<? fUf $28,000,000 aries t brLS n ^ nrnrppricS?nii itninriiri hv Chronicle (Reg. U. S. from ; 135 (NOTE:. Ob S. La account President; Salle of hn«« fn,. f01 1 1 niirno<u>«- -)»p oho«*n aq no their Patent Office) Business - B. Dana & fniiow^' Pisscn-cr Wmiinmenf Freeman «Ss fluctuations• ui the rates ui exenange, per year. remittance Other itu 19,370,866 100,000 <S: Co. 500,000 Son, CoL Co. Place, New Co.x & Illinois auvertisements must be 500,000 Hughes 200,000 _ 300,000 100;000 ^ 200,000 _ r>~W" fa»?(?vruv 1 fWjW 2,OOOiOOO ' l.OOuiOuO' r 20O;OUO 10^,Ow 100,000 1,000)000 100)000 150,000 250,009 500,000 Sills, Minton & Co., Inc. Singer, Deane & Scribner F. S. Smithers & Co.—, 700,000 Co. Johnson & h. ' ' & — 300,000 Oo.___ 150,000 200,000 Co.-l & Co., Ihc.„:_ TaylbP & Co:—Nongard'___ Sterri Brothers & Co.— Nicolaus & Co., *nc— Stix & Co.----—------- 300)000 Walter Stokes & Co.__ Strader, Taylor & Co., iuu,uw Stifel, Inc. 1288,889 Jw.uoo 100-,000 — 150,000 500,000 150,000 il-- W48-Mo.ith-.1947 profits taxes railv?rtuxeS faS othVr Nef *'* ipebme- 'Earns — oLoic pe'- com LUU1, oo i?i nan DATE 17G 258T23 375 19,793,598 14,603,981 19;C46,242 16,336",252 37,159,734 31,129,919 asn 4R5 • 2 454,280 2.070,020 1 773 267 1 474 649 4 859 286 ."I* share 100,000 200,000 150;000 1948-10 MOA-1947 ; z, -excess ■ goner 100"'08^ 700,000 F. S. Yantls & Co., Inc. Yarnall & Co EARNINGS FOR OCTOBER AND YEAR TO - g="STx 4,006;481 39,801,367 3)072,536 3,299,847 27,155,793 $3.40 $0.39 $0.42 v ' $3:91 'Calculated' oiv number of shares outstanding at end of respective Chesapeake & Ohio and Pere Marquette, and periods after merger of Total York 2,000,000 Co ____ „ after allowing for preferred dividend Park . Co. L* ™ Boinscniia « co, Salomon Bros. & Hutzler Schoellkopf Hutton & Pomeroy, Inc. —_— Scott. Horner & Mason, Inc—1—Scott & Stringfellow—_ Seasongood & Maye»_— Shaughnessy & Co. Inc. Shields & Co—, Robert Showers 100,900 — & & Townsend,. Dabney & Tyscrn Weeden & Co., Inc Wyatt, Neal & Wag- i • Pressprich Rotan, Mosle and More- 350,000 700,000 Anderson Iuc.__ & t requirements. NOTE—There Is included iri'October, 1948; a deduction of $936,300 representing accrual for one-seventh of possible deficiency in income and excess profits taxes for the years 1939-1945, and interest thereon 8, N. Y., made in New REctor 2-9570. $42.00 per year. auu Co., 500 00a Stroud & Co., Inc FOOO.OOO Thomas & Co . 250,000E. W. Thomas and Co-. 150)000- Kefttv, $9,666,547 $39;123,210 «uimciii<uvii« 100,000 100,000 KetclW 8,934,296- 51,947,802 Countries, ruieign »• 2__ St., the Co., 100,000 Co.- and' Kalman $12,549,735 23,642,640 25 & Mai'Shall^-^. • Fretaht Publishers, 250,000 Co, Ss' Kaiser " Fnuinment Company^ 200,000 100,000 Co.- 100,000 W. 400,000 : Inc" Rand & Co. Reinholdfc & Gardner!_ Th« Robinson-Humphrey 150,000 2.O00.UOO &' *' Raffensperger & Co^ Inc G. C, Haas & Co.____v150,000 Hallowed' Sulzberger & Co.* —:. — 100;000 Harris,. Hail & Co. (Inc.) 1,000,000 pu. . $47,542,062 $31,914,601 Total William 200,000 • on $'23 899 422 months) Evans ^ **> Ro^dwav months)_ZI_ ' — M. The Prnnertv ]q47 500 000 Co. pollock ' Hayden, Stone & Co 1,000,000 HiU J? Co.250,000 Kenneth B. Hill & Co. 100,000 Vnife deb^iisif jjss . "" " inc., liin-f^oi ^nV' nViHnf (hi , 150,000 100 000 _ Hirsch- sev- William D. Riggs, Chicago 3, 111. (Telephone State *_ as second-class matter February 25, 1942, at the post office at American Union, $35.00 per year; in Dominion of Canada, $38.00 offices: Ti\-%>nriuii.au A. Harrison-& 1 rniortlStiou and.Titter dadTofe aforesaid. 100 000 Co. . The company is presently engaged in an extraordinary program, of expanding and improving its transportation facilities and rolling stock. four pro- as Tov/nsend Graham, Ftirfeons tions of •"'S,904.624, alter deducting the amount of indebtedness of such subsidiary or aifiliated companies assumed at the time ot the acqulsition of their properties Co" & & Greeir, Ellis for l)U1'l»oses other than refunding of outstanding- indebtedness since iMancc cf the series A bonds, dated Oct. 1, 1928, under the but btfore dal«clatlon a,id In'c Futnam 700,000! Graefe .r ratu-f-iiients looooo O'Gara tens'en, Inc.' w p^zini & B ouu.uuj -00,000 100,009" m". refunding'and improving mortgage. During the period Sept. I, 1928 (the most reccnt date to wbich additions and betterments have been estimated Dav nno peters, Writer & Chris- ~~ 200,009 150,000 trammiLSn! is L Foster „ ix Inc Patterson, Copeland Kendall, Inc. Prescott," Wrig"ht7sn"ider Ferris for large . y,n Cc\ -inn nnn -inc. -,rn 100,000 Sl'S ^ "25°S 100.000 150,000 Chapman & Co.Faustt, Steele & Co.^ *aniv'' m-n,1." nrnrinri< ^ thri^inp if.lviiPri^tA ^o lri Tv^ii/ nf° n!L ^ 1^ I fTti iSSLrif .^5 nnn fo 100,000 Favwcll,. - i5o';ooo 150,000 loe.ooo iso.ooo Mnn^ll ' * in d Corpl, ' ,.Q„f 500,000 yym.- g. Clement Exchange Act of 1934 and for their {n Co. ___ 100,000 Emanuel, Dcetjen & Co. Equitable Securities of the 500,000 Rhoades 150,000 200,000 R.- S: Dickson <fe Co., Inc; Charles H. Drew & Co. and Chir made for the registration . Loeb 100.000 Gregory duly ■. Ci'dutcv & Bodine— Exchange. °<s hv & M. Alfred Dick & Merle-Smith Columbus and Kentucky, & Co,: Dfempsey & Co..„ G\; 'I electric generating capacity and distribv.tion 31 Minsch R( ADDITIONS & BETTERMENTS—Company has not issued any bonds first , Whibnm'rfm"" Becker & Co. naa iSSUed' sIliC0'Aug'* 3lV 1943 . Co- I 177'46^" vani -T—— fl $1^-00000 S13'-°°'00®- Jvjoray « 00, __ genty uamoeigCo.__ of all Washington, Louisville, 19,770.440 195 ^b0.000Jl Clifton from Chesapeake the Virginia; $100)-- "■ R. owned, are Substantially West Virginia; Cincinnati; Lexington '" will by Richmond, (par Ciplfirr & Buir Ihc..r—■. track. single stock xnorni two oper- located miles Richmond is-double is mileage 1,208;35(> r7 ... amount 00OOO& ^<S^0M Marx & Co— Mason-Hagan, Inc. Mason, Moran & co.__ Mimous Martin & C0._ DtHavert ftH<ied to caso- veiking capital and used loi- the company s piop ' .—3:™ Carl . d - suh«irfi«HeB. $l2 500 000 . pres- 0 1 res Cttl Secmuties Corp.,____ Clayton Securities Corp, of option eight lease, ormDruau*' exclusive 000^ inpS?d'Jan 1 194?-d1 of which wS expended ia tiS' upprLimately , Phillips Co.____ £ F._Cassell & Co., Inc. the ICC. all 2,755 c 9,a . interest payment divided mileage, road effect to s — Burnham and Co._-~2.__ 1, the 3 125 giving Laird, Bissell & Meeds_ A. G. ■es'SSE^f^Sth^SSthe matdy $104 000 . Bnemi , . as authorization by to scries H bonds under the Securities others. to 0:1 1948, Geo. G: Anplegne__—loo oo^ C S. Ashmun Co I89'808 .ai* r~ * nfforc^__ Redeemable $10,000. oi subject property LISTING—Application revenues $3,821,600, leased are this main Toledo, Ohio; cago, Illinois. are multiple Cincinnati-and Charleston gross PnnJc i-egistprable form, 31, B^lscy, Stuart & Co. Inc.$3,750,000 . ' coupon n stock common chase are as follows: $5,348,644 The llhes extend generally from- the-coal-fields of Southern West Virginia, Western Virginia, Eastern-Kentucky;-,and Southern Ohio, east to Tidewater at Hampton - Roads and north and west to the Great Lukes at Toledo-and Chicago. U948, 30 The of which in any the remaining owned of contemplated, of Of arc sale are be sale SECURITY*—The sale businesses will and the the <tdn nnn nnn N Adams & Peek 250,000 AJlison-Williams Co.100,000 ' $10,000 and the- character of general nv 5^ aggregated "0 rrSnpal in the ; $5,408,279 $1,000, and in fully registered form in denom. of $1,000, from of approximately 3484,000, and-except the sale by Central Power & Light Co. for about $344,900 of its 4ce property in San Antonio, Texas, now leased to others, and the possible sale, by that subsidiary of all or -a portion of Its remaining ice properties, which produced gross revenues for the 12 of of from produced the Bondi denom. 0.84^ the sale by the subsidiaries of their water properties to divestment orders of. the SEC and? which for 1, lines. . major rtk{« debt ° ' —$204,256,009 " 250:000 derived was ice, 6,932 " Aug. 1,000.000 Forge'to . approximately 142,600 square* miles with an' population.-of approximately 1-,9921000: The electric utility " electricity, 5,365 ' the , , , on" . miles are operated unour contract, and 353 miles are operated under trackage lights. Of the mileage owned, 1,496 miles are main lines and 1,259 miles are- branch properties of the subsidiaries constitute an<• -interconnected and iritfgrated public utility system, and the SEC has so determined hy order in integration proceedings* under that Act. " v-In rtic 12 Months ended June 30, 1948,. about 91.60^ of'the- total operating 'm',530 $5 1, 1948. Principal and semi-annual interest. June 1 and pv/able at officV or agency of company in New York and" United States. comprise estimated curtm- n cumulative convertible preferred (bar $25)__r__„ 971*356' 2,438 ' " . on Premium Dec. district adjacent Oklahoma, The. areas Arkansas, and three parishes-iri Louisiana. • ... mt, oi amoiutvledtt» Common stock Chesapeake District and the Pere Marquette Dierefunding and improvement mortgage extends only-to properties comprising the Chesapeake dislrict. The Chesapeake.• approximately areas 3Vi'.n 5,097" . atirg districts, the trict." The lien of follows: as and com- of stock, of Mortgage bands $5,966,259 « >• * nJ n'nn Inc. , electric West Texas Utilities Del.) ( " ' 560 °or Equipment trutt obligation..... ______' - 'h^OI $753,691 of Conoitionnl sales agieemeUts >S5 970 296 income__ , , 5l',491 _ ISSUANCE Public Service-Co. of Oklahoma Co. 1 nine-miltes located counties of 1 customers thereto names Light CO. subsidiaries 521,650 so and Southwestern (Texas). rendering 3'/a% Corp. ^ . 3,967 - ' fund; upon at least 30 davs" nublished notice . SUBSIDIARIES—The Central in company's Alleghany Mortgage bonds-—— date beginning Dec. 1, 1S49, the initial redemption prices being 103% V anfl lOX'/afr, respectively, of the principal amount, plus accrued intercsfc- Eo'^s will be legal investments for savings banks in California, Connecticut, Massachusetts, New Hampshire, New Jersey, New York-, 0hlc- Pennsylvania (savings banks other than those organized under special act of "the general assembly), Rhcac Islafid, and Vermont. Company Compaity owns four principal public mainly engaged service. the the ' company, in whole or in part, on any date prior to maturity upon at least 30 clays" published notice and, through operation of the sinking merger name newly a stock of MniLin ? CAPITALIZATION outstanding 112 Mias. $o,966,259' 842 ^ • • ' $5,000, West Corp. stock- of common companies operating, utility South the of tv.,* ^1 Bramhall, Barbour & _.C<HInc-AStockton Broome & Co. physical properties. any all and registered holders 1,795. IS^m^TcS± -2.JSSS in American company, company of and stock, of preferred $30^O00 and at. Aug. Ji, 194% was the tothl litndmi debt And Miiinm»nV ht 6 Jlnnual Interest ™ )0™! fU"dc?f,'!,ebt a ld equipment obligations amounted ^1^790' or-8 3? ^ AUg* 31' WSre , $129 J>lAb ■ oiifi.' p Chicago shares of agreement holding into was $879,122 •_ income 168 Dec. COMPANY—Company is a public utility holding company and is registered as a'holding company under the Public Utility Holding Company Act of 1935, It was incorporated in Delaware July 31, 1925, as stocks of ®ub- consol. lurtin-i ent offering: $146 - $0.44 andTdmtaiTtl'atiVe Dated payable in 93,665 was 3%% COUpoil. com- common be stock convertible ■ number • The issue was awarded Nov. 23 on a bid ot 98.65, a net interest cost of 3.96%. Blyth & Co., Inc., bid 93.05 for a semi-annual payable isf48; the & the common stock of.the dividend This due March 1, 198Q. Under tbs in addition to assuming Pere issue to Pere Marquette stockholders, to Alleghany corp., through ownership Wf!■. char-e''- ' 20 cents per share was paid on Aug. of bonds, company, "^mortgage 3%% bonds, series H, due Dee. 1, 1973 at 100 75 Sild interest * 1947, and'Feb. 28, 1948; and a quarterly dividend 31, 1948". A quarterly dividend of holders $0.51 a* ^ the in share were paid cents per Aug; 30, on STOCK—Since into? the of Nov. 4,567,019. A banking syndicate headed by Halsey, Stuart & Co, Tnc. on Nov. 24 offered $40,000,000 refunding and improve- SS ,h. 3.%% 074 onn Chesapeake & Ohio Ry.—$40,000,000 Bonds Ofteipd 111,608.000 . 8; flEnnn «S n!l *h 964 \ ' consolidated——- merged was commioa 194s'-V're ' $0 44 $0 51 other than Federal Net 4,000,000 subsidiaries, Corn- as *~~™777 ~~T7~T7r of income — t7,259,606 ;;hs. company (Mioh.l, outstanding shares, 211,429.4 shares mrnTTrfrrtw nim«. ——— 5,215,083 —~~ • $4,000,000 stock (par $5f *8,000,000 she.' Company & Subsidiaries, consolidated— ' shares 011 com* V $4,000,000 1959— the oy3ied 597,234 shares, or_ 7.6*. Ofthe outfranding 109,341 „ Taxes, 1, Common Funded , Genera! . , of subJect t0 certain condi" $3'353'597 $2'8B0'284 $9,055,111 $8,o03,280 . EFPECT ta° lREST TAVT Authoiuzed Outstanding $125,000 ~fhare"o"n ov-tii ' GIVING Ry, r 82,439 1,140,154 « in Company-— equipment. '2? j •l?* Z ^ H ?iiLVtPri 544 nJi nC0^ied Jgg J«t.eigated $«44 074 009 at Dec^. 31. 1937. amouided,ta ; —mhe> total miblieiv heiri- fiin/tori \ nfi $33f788,350, or I®- * $12,965,9.53 totaiI J?SL t ' ^nn iS noo t 'S ! ,S'N™"T EARNINGS COMPANY ONLY| Period Ended Sept. 30, 1J48— 3 Mos. 9 Mos. other •themSmUt?inafe'nn ?hS( &construction program. P»rpbse;.of assisting 51f ^ Co" for *he them financing their ™ZATI0N goo noo Div i real- purchase of additional- Central their of ized colltroi 98,402 —'—r* 1,365,685 'cbmrnorT stock common stock that Exchange. on not the to subsidiaries, r share a Marquette the merger, common 17, .74 ^ 84,020,438 $14,870,194 $13,075,299 $4,719,282 — Earninc"C°per & less '•••/ apply the net proceeds stcck common its Co., ' Stock Barney share a Pere lative convertible preferred 4,570,989 6,246,000- 5,165.915 7,212,300 33,733 29,674 : Gross income Deduct, from less 131,202 . 84,689,608 ,$3,986,705 $14,787,755 (net)— share. a & Co.,-Inc. Carl cents; of Blyth & pnny's 5;367,720 4,971,225 5,617,493 1,246,655 2,182,500 . Other Co. of As of.Septt «fil 1,350,997 2,208,400 Lazard share a 651,059,938 passenger passenger equipment estimated cost of 71 of issue oi 3%rw cumulative 312,2-i2*2 shares of common stock. 1.04 6,665,477 1,145;897 1,199,516 1,635,772 1,470,728. competitive-bidding Brothers the incorporated under the laws is-qualified to do business -created .74 ' acquisition- adjusts,— Other ?10 25 at agreement . Stern Brothers & Co Tax, oth. than Fed. inc. Federal income taxes— when-issued a is and States 1S47, G, iri- conversion Stlfel, Nicolaus & Co., Inc? .Maintenance —i—V—1 Depreciation .— Amortization of,.plant state- underwritten on Inc? June the Marquette's obligations, agreed 2.54 4:29 — — representing ' consolidated' mot ®count ' The Inc. eroy, in ing, of :ts iirsi mortgage .24- 4.29 One?th^E?evcw:'30~ $ic98^L^n4699597 $59 963 009^52'777 6U: 8K«oS "JSBS loS ■ stock;-either subholders Of subscription by or Shcpard' Shields Company Sills, Mintdn- & Company, ' common subscription prior through exercise of basis. Nov. 10 by Lehman Brothers- and Lazard Freres & Co. the underwriting privilege at competitive bidding, unsubsedbed shares. Prior to expiration of the The group, awarded will purchase any offer, • became the Headed a. group each Dec. 3... Subscriptions are payCo., New York, or Illinois Stock Co., Chicago. offering, ment by for The subscription offer will 'ex- on able at Bankers Trust Transfer share new On Schoellkopf, Hutton & Pom- share held of record Nov. Vn 1947 1948, company; which thereupon acquired all the assets of Pere Marquette rhd'assumed all of its obligations, including $49,173,000 then outstattd- 1.04 .54 Goldman, Sachs &,Co.—— 7:63 Hallgarten &> Co.1—2.54 ciihccriHA' tn R. .54 .54 .First .Southwest.Co—.54 tViirV viciht & Pacific 2.54 , 1.04 W. 1 31, Aug. as a foreign Illinois, Indiana, Kentucky, Michigan, Ohio,, and. West Virginia^ and also in the District of Columbia and the Province of Ontario; Cdnada. corporation .54 E. $8,000,000, Virginia iponweafth. of 1.04' McDonald <fe Co.—_—- .54 of omount COMPANY-—Company 104 Deing- Ottered tne llgnt to suoscribe to b.J»,b0o Shares Of additional common stock (par $5) at $10.per ; 4.29 .—— June to H,mts which it is seeking, to dispose of to other railroads; Buyers have dln*dyr been secured for 33 of these units, estimated to cost $4,225,000. 2.04- 4.29 Corp,_____ Mackubin. Le0™* <te Cn.L_L_ g-tQ 864 offaraH & Co; Higginson Loewi & Co common heioc are Kidder Lee R* L. Day. & Co I Ottered Rights—Underwritten—Holders Of corporation's stock StOCK M. Kidder, Peabody & Co-. .54 to r Jenks, Kirkland & Co Davis, Skaggs & Co. r,vc prior subsequent 1.04 1.04 Central Republic Co. (Inc.) "___ JuMeti Collins & Co._^_— ' - ... Marquette Ry. Edward D. Jones & Co; .74" CohiP & Co . Pere sllfS™ 07whicr»%°^ 65?t to?' r„3fte<1 M fi«-l.U9.m °f *hieta fc4_»,.037 is lor roadway property, .74- 1.04 G. bj- 2.04 n.— Co._ J. C. Bradford & Co _ Cn„lu & Blair & Co., Inc $468 475 740 p " . NOTE?—Expenditures are excluded, ***"■£, .24- an a 7.63 A. ' ; ' includes Fed tax savings from filing of consolidated returns— Whipple i Hill Richards & Co Baternan, Eichler & Co.__ Bear, Stearns & Co._f 197 119 $652 819 common stock now1 exercise of subscription1 the upon 10.00 ^-The Illinois Co. Barrow, Leary & Co $665,594- ! $672 640 ' __ . (2223)- The estimated amount of expenditures Robert W. Baird & Co., Inc. Ball. Burge & Kraus 131 056 ■ $777 913 ~ Income deductions Bacon, 8533 938' 1 for Perce,)'aS 10.00 . 491,958 I Retirement CHRONICLE warrants are as follows: $4 261 589 S1S15 268 deductions::::;: Operating revenue Federal inc. and 08*363 $5 FINANCIAL & respective names, such ot the 659.606 shares of - Ooeraar" revSue^ COMMERCIAL York funds. Herbert D. Seibert, Editor and Publlshdri- 4 THE (2224) to Dec, 31, 1947. less potential income tax saving cn such interest. The income before making this deduction was $4,008,836, equal to 51 net cents Share per the on stock. common The corresponding deduction for. the period to Oct. 31, 1948 was $4,631,500, and the net income for before such deduction was $31,837,295, or $4.00 per share the common stock.—V. 168, p. 1900. the The in No > Cit-Con Oil Corp.—$30,000,000 Bonds Placed *~The it company, Privately announced Nov. 22, has placed was privately with Metropolitan Life Insurance Co. and Mu¬ Life Insurance Company of New York $30,000,000 first mortgage 3% sinking fund bonds, dated Nov. 1,1948, and due Nov. 1, 1958. The Guaranty Trust do. of New York has been appointed trustee, tual registrar and paying The proceeds Lake at will Charles, for the agent used be which La., construct to is expected is company Continental and loan 65% owned by Co. The.e two Oil have also plant.—V. 166, agreed take to Service Cities 35% by guaranteed - various certain the of by objections 30 plans by subject is of An the Judge A Leahy, Paul of the Nov. holder C. Net Months to its proper in On who had been an executive formation in 1929, died on analyst, corporation since N. Y., at the its York, N. Robert of 62.—V. 168, p. 2117. age Er.ded Sept. In 18 $3(. (about letter a shares of notification of stock common Underwriter, selling stockholder.—V, Cohu 168, $1) Co., & filed was (par with be to & 1948 New Months Ended Sept. 12 Net 1946 $1,343,531 ♦Based $2,027,077 $2,576,936 V. 1$1.34 ♦$2.01 (& Subs.)—Earns. 1948 30— all The $7,995,471 $8,594,271 349,433 295,860 230,578 $9,638,546 $8,291,331 $8,824,850 1,570,458 1,426,199 income deductions Total Balance, Earnings ♦As surplus per months litigation shcrc_— common recorded three the on of books consolidated period $2.66 the last the by Include to the for preferred dividends amounted July, 1947, rate released earnings, such $7,275,644, which after of common stock, was to §2.64 per share NOTE—A special one-month reduction in regular electric rates, made in July, 1947, as a part of the same rate litigation settlement, reduced earnings approximately 45 cents per common shares In the 12-month period ended Sept. 30, 1947.—V. 168, p. 1039. is shares outstanding. 168, p. 1142. common par tBased 30, The truly install new 168, for the corresponding week of 1.8%.—V. p. Consolidated Grocers Weeks 12 kwh., with compared week last year, of 567,775 867,492 on share V. shares periods with those basis and parent of outstanding the after allowance subsidiary new company that so in the future.—V. Period End. Sept. 30— will results 168, income-—.. oper. for Net Pope, "and this acquisition, together with existing pits owned by Colonial, will make the company independent of supplies of sand and gravel for an estimated of period over ♦Costs, be on The Deplet., produce deprec., leases plant, Mr. latest in Pope mddern 1,500,000 added, sand cubic completed this year, and represents equipment. It has a capacity to sand and gravel per year.—V. 168, was yards of ' —V. $ ' $ Effective NoV." 15, Co., McKeesport, Columbia Radiator Co. Pa.—New Name 39,086,546 2,914,843 9,687,485 5,543,512 13,440,270 income Profit 011 of McKeesport, Pa., an¬ 8,543,573 12,557,295 11,569,053 56,985,261 31,962,461 5,133 (net) sale and taxes nounced 17,786,677 income of 88,281 888,174 788,518 43,524 1_ Drl4,573 Dr202,430 Dr155,753 assets 225,963 ——' 1,243,887 income State (est.)_ castings. According to Cliarles Chaclwick, Vice-President and General Manager, company feels that there is a great need for a production gray iron foundry in the Pittsburgh district specializing in gray iron castings for the automotive, farm equipment, refrigeration, and consumer pro¬ *• Shrs, 4,900,000 3,150,000 -August Rossetti has recently been appointed Plant Manager 15,800,000 8,950,000 stockholders of it a will receive plan, in heater stock. heater In exchange The stockholders for 75.13% each forth share of Combustion held three Engineering shares of Super¬ income. The during the above periods 4,747,155 $8.68 $5.24 taxes in not included arts in respect thereto are not of such taxes paid amounts were follows: as 1948—9 Months—1947 Capital (net $26,756,115 financial £nd its No, balance $35,939,914 $31,•325,876 "'In Oct. 31 shares exchange in other the surviving senior corporation. There will like a be number funded no "As securities. Mr. and The directors of Combustion Engineering1 Co./ Inc.; declared an dividend of $4 per share on the capital stock, payable on Dec. 24, 1948, to holders of record Dec. 2, 1948. This compares with $3 per share paid in.%947.—V. 167, p. 432. Shearing 9 Months Ended July 31— Profit before income taxes Income Net Stamping Co. ; $1,224,296 440,984 '489^363 p. $734,933 241 832 241 832 $2.82 oustanding share per $3 04 — 564. Anderson is reserves securities former "In Nov. 20 showed ago. Following and percentage a are 5% increase the kwh. comparisons with to make 20 Nov. for the Parts of been at Sept. a 27,817,400 Hamilton 6 and Manufacturers Oct. 30 168, p. 2117. the week week past com¬ ended a four year weeks 1947 c/c Inc, a 30, 377 crude 1948 Bids at 25 will be North pro¬ 168, p. the Trust '^The weekly kilowatt hcur , in ' 1947, Seabrook of 225,632,000 221,373,000 4.2 Plan Corp.—Weekly Output— energy or this company. the Bundy on Nov. 22, Operating Operating by St. on Farms revenues Prov. for of subsidiaries 7.56%. State expenses and purchd.. gas the a corporation. ^(^nsummation u pliance with 1947. preceded by a number of terminate proceedings ol .consummatl°n, would C°?!mif!un in 1940 8eekin® Commonwealth's Section 11 of the Act. Dec. 15 out This makes and to / dividend a cumulative $7 will $35.50 of $1 share per stock, on payable earned surplus accumu¬ this class of stock share per reduce per of preferred arrearages 6% the on share. reported earnings for the 12 months period ended share, this may seem like slow progress, but the position does not justify more. other companies, present high costs mean that the in plant the levels, they past are new and do equipment not provide and for which depreciation being based on since, Insufficient. now capital, this increased demand for cash must While the board of tiustecs would like dividend shares on share of - $4 be to , effective of Nov. Nov. 30. value par 22 approved a proposal to change the of common stock, $4 par value," into stock, $2 par value, each presently out* exchanged for two new shares, the change to shares common? The stock, company of has now which 4,439 outstanding shares 896,260 held are stockholders 168, p. Co.—Bids for the to 50,000 from consideration to without increase the 100,000, which stockholder any total number be may having shares.- in of the shares issued for & pre-emptive any , has company purchased from the War Assets Administration plant in Saginaw. Mich., for $782,123. During the the company operated the war present lessee.—V.168, p. 1580. directors per share Dec. 10. surplus industrial plant and was - Nov. on 23 declared year-end a dividend of 50 cents the on common stock, payable Dec. 20 to holders of record brings dividend payments in 1948 to a total of $1.50 (including the regular quarterly dividend of 25 cents This share able of voted Electric Boat Co.—Year-End Dividend of 50 Cents— 2117. Purchase stock also Buys Saginaw, Mich. Plant— Dec. made in 6 to pay¬ holders 1947.—V. of 168, p. record Nov. 19). No year-end payment was 846. Nov. due 1978. Ohio.—V. 22 Farms label For to 11 168, (EST), Nov. 30, a.m. voted Co., in to change order to the name give closer of frozen food of this identifica¬ Is being 1948—12 Mos.—1947 694,258 1,053,080 1,025,084 938,307 1,355,759 1,195,198 1,085,546 1,490.907 901,118 1,255,524 1,451,869 300,639 Erie The 230,455 201,539 taxes.. 345,019 285,840 478,365 382,069 $2,199,136 $1,825,517 $2,748,108 $2,444,655 224,885 154,307 301,694 217,084 t Net Other oper. revenues- income income $2,424,021 $1,979,824 $3,049,802 $2,661 739 601,312 353,545 -693,999 19.6%, ■ com¬ income Preferred dividends Common Earned —V. for coin. $1,626,279 $2,355,803 $2,187,594 345,000 252,500 4—258,750 shares per stk. $1,563,959 outstdg. 1,162,600 shave— —$1.35 168, p, 1360. the System input of subsidiaries 75,619,000 kwh.. an increase of the corresponding week of last year.— to will receive bids up to Dec. 8 for the purchase of 10 equal annua! instalments. No bid for less than 99% will be considered. The proceeds will be used to finance about 80% of the cost of new equipment. 168, Ero 2007. p. Manufacturing Co. (& Subs.)—Earnings— Years Ended August 31— profit charges and taxes Earnings per share on 350,000 shares of 1947 700,219 $2.54 after $7,426,881 889,803 sales Net 1948 $8,684,539 Net $2.00 com¬ stock mon —V. 168, p. 1580. Electric Bond & Period End. Sept. 30— Total interest dividends Other income Share Co.—Earnings— 1948—3 Mos.—1947 $522,500 407,563 $522,500 492,265 438 212,500. Federal $930,501 income $1,413,779 1,162,600 -;$1.22 : ' $2,010,803 1,162,600' $1,935,094 1948—12 Mos.—1947 $2,085,000 $2,082,500 3,736,596 438 2,294,111 1,750 $1,015,203 $4,380,861 $5,820,846 350,235 . , - -W: Sl.«6 • '• expenses Net income surplus 1,750 93,553 78,576 25,251 179,164 (axes Interest 22,606 97.455 °o!730 227,236 770,700 1 017,41o 111,563 429,632 270,302 $527,533 $575,222 $2,732,839 $4,006,177 1,162.600 $1.73. taxes 105,000 Other Other Balance over Corp.—Weekly Input— 19-18 474,145 $1,822,709 deductions 18, RR.—Equipment Trust Issue— company Total Gross or Nov. amounted 267,261 taxes—. local er.ded Subs.)—Earnings— 1948—9 Mos.—1947 787,231 week corporation $4,850,000 of equipment trust certificates to mature in $13,078,652 $11,199,430 $17,165,165 $14,805,411 3,632,412 3,173,246 4,848,070 4,218,755 3,664,117 2,995,177 4,890,238 3,884,160 taxes- the this 12,359,000 kwh., V. 168, p. 2118. 1901. p. name. of Electric Power & Light for the purchase from it of $15,000,000 Daytbn, depreciation- Federal Income plan of reorganization filed by the was 6% 1948 $36.50 Total of this plan, which declared the worn-out manufacturing Automotive 845. p. the company up __ income and Net approved $11.61 Manufacturing Co.—Split-Up of Stock Voted— common Tubing Co. of Approved by SEC— The SEC $16.78 $22.76 per aside right to such —V. Federal electric 168, Delaware Power & Light Co. (& 5.1 of io stockholders The a distributed pres¬ ently throughout the northeastern United States.—V. 168, p. 44. Power corporation adjusted to show general business conditions of tl}e wfek endei N°v. 18, 1948, amounted to 11 increase of with 315.204,627 for the corresponding week compared an 23,823,044 Maine Maintenance output $4,343,073 for (he 2,500,000 to and of Co. of, Detroit.—V. Light company's brand 4.1 Southern & received stockholders to Other & 1,108,729 $6,277,466 pfd. stock. directors authorized'. l.OOO.QOO 1142. Deerfield Packing Corp.—Change in Name Voted— 230,680,000 230,682,000 1,108,729 $8,514,154 stock faster Eaton cash oil amounted of director Treasurer Corp. below.—V. The company is inviting bids, first mortgage bonds, series A, 5.0 ' Commonwealth Gas Power 240,200,000 —V. be per Dayton 231,586,000 237.201,000 1,108,729 pfd. of of additional Bonds— 243,189,000 .. 4,/8% on progress in paying arrearages, the board is clear that of more than $1 per share at this time would best interests of any of the Association's shuteiiclders.," The directors also declared a dividend of $1.50 per share on account of accumulations on the 6% cumulative preferred stock and the regu¬ lar quarterly dividend of $1.12Vs per share 011 the 4>/a% prior prefer¬ ence stock, both payable Jan. 1, 1S49 to holders of record Dec. 15, 1948 out of earned surplus accumulated after Dec. 31, 1947.—V. 168 p. 2006. on 24,237,292 392 in earlier.—V. year elected the Detroit Period End. Sept. 30— 1948 13 — of $5,451,808 largely from' earnings. standing Cumberland Gas Corp.—Control Acquired— See The associated corresponding totals $7,386,195 President, states: most cost The tion 1947: Week Ended— NOV. NOV. the over output 1,825,674 $9,622,883 the absence of met war, has corporation to Seabrook Commonwealth Edison Co.—Weekly Output— and 3,998,866 1,856,670 during cash set be shares 162 President director a Aviation The Electricity output of Commonwealth Edison Co. panies, excluding sales to other electric utilities, 5,124,826 1,843,916 1947 $682,261 shares 3SS Subs.)— $1,123,245 ; profit Earnings (& 1948 taxes Capital —v. & 5,272,005 from $22.76 replacements annual Commercial 1946 31, face of become 142 Government Anderson Detroit, Subs.)—Earnings— 2,087,223 the Lee, with The of (& pceds much more cash than fcrmerly for inventories working capital. Furthermore, a large amount of cash is required 20,705,554 Crucible Steel Co. of America—New Director— of debt to $13,363,571 of 6% Association 28,153,472 8,275,471 $39,669,740, compared with $24,233,458 W. per 22 Arrearages Reduced— stock the Association's - Wendell cents treasury. drilled and 25 1947 _j 18, Halfdan 24,720,106 barrels of 42 gallons each, fIncludes equity by controlled companies not consolidated. Cash of 4,393,260 received preferred 30,192,636 9,717,770 wells dividends stocks,^payable Dec. $18,760,951 record set prod. —' of company or initial 1253. 4,233,758 holders 9,863,386 1 8,895,756 the complete the is ' (bbls.)_ that a elected who required."— depletion—!— and after Dec. have 7,543,321 10,060,879 refined (bbls.) concerning subsidiaries 1948—9 Mos:—1947H $12,360,123 $14,105,602 — imperative $20,972,562 taxes— to 27 will The '-1948--3 Mos.r^-1947 . of : income on , production ♦Sales of $24,541,130 information consolidated , bbls.) runs by cancelled. oil ♦Refinery bonds be expenditures t*Crude mortgage also and company Period End. Sept. 30— ♦In The minority stockholders will receive in exchange for their 38,487 shares 115,461 shares of stock* of the new company. Holders of the 862,855 outstanding shares of Superheater Co.- stock (not including 122,350 treasury shares) will receive in statistical the of $9,731,437 , duced shares) stock interest of Super¬ together with $4,188,000 of first Superheater will be cancelled. All inter¬ would 24,889,113 4,823,458 $1.84 . ekcise gasoline below: (116,243 accounts operating gross operations Engineering, sheet and 1948—3 Months—1947 Combustion held 4,747,155 $2.68 „ . oil $10,174,582 this minority State NOTE—Certain Engineering-Super¬ heater, Inc., will have an authorized capitalization of 1,200,000 shares of stock, of which 978,316 shares will be outstanding. the in accrued) pro¬ company and of Superheater Co. will on Dec. 22 vote on approving a plan of merger of the two companies, which,? if.'ratified, will become effective on Dec, 31. The resultant corporation, which will be known as Combustion Under 4,823,458 41,871,005 ' which gives program Combustion Engineering Co., Inc.—Merger Proposed— The and operating charges and the amounts collected included day. " 30- 8,718,724 is 1948 arrearages not the and Sept, c6m. share— per ♦Federal (or company is completing a modernization duction capacity of 200 tons a 12,935,334 — outstdg. Earns, the duction industries. income it possible, and that as common p. income- requirements Nov. i Net Petit 168, p. 2006. lated 161,469,064 163,926,130 108,405,735 5,242,499 income Fed. the chftngo of its corporate name to Columbia Foundry Co. The company "alto announced its intention to withdraw entirely from the heating boiler and radiator business and devote its entire facilities to the manufacture of production gray iron B 168, of surr'd 3,413,051 Net oper. are Raymond R. C. the declared Dec. $ 59,113,954 244,039,146 58,751,772 Inc.; stockholders, be management so urgently class 1—V. income On retirmts.__ and Dividend * 20 and account ly48—9 Mos.—1947 developm't costs Intang. Other Columbia Foundry for Earned per share recon¬ extraction p. 740. Nov. A Bstance applic. to 6% consoli¬ a and taxes, oper. admin, expenses 20 years." the of prior preference stock— (& Subs.)—Earnings— 85,193,999 holders Inc.; Co., 1797. p. 1948—3 Mos.—1947 $ Gross preferred & Diebold, believe soon Interest and debt discount $1.47 - Mr. "We as capable Dec. consolidated Dividend reports the of be shown can Continental Oil Co. Generoso cutside record Depreciation 1,321,729 less than one month of the period reported on above, corporation operated as a subsidiary, Rosenberg Bros. & Co. - The figures reported do not Include the opera tions of such subsidiary.' Accounting John 1692. Provision NOTE—For has purchased £and of on class Dividend Pope, President, on Nov. 22 announced that this company the New York Trap Rock Corp.'s sand bank, plant and dock propel ties located at Roslyn, L. I., N. Y. "The property contains approximately 25,000.000 to 30,000,000 cubic yards of sand and added: 12 Months Ended Oct. 31— Colonial Sand & Stone Co., Inc.—Acquires Plant— gravel," said the 168, p. Total preferred dividend requirements. dated is increase an 612,376 $0.66 $0.61 common the York of this ciled common The company's $1 par common stock was admitted to dealings on the York Curb Exchange at the opening of business on Nov. 22.— $26,437,348 $27,818,499 $31,878,356 — W. Treasurer Eastern Gas & Fuel Associates profit ♦Based for committee New Sept. 18,'48 Sept. 20, 47 Sept. 21/46 - ♦Earnings per common only the Duraloy Co.—Admitted to Dealings on Exchange— 226,700,000 Corp.—Earnings— Ended— Sales Net of DuMont Laboratories, Inc.—Initial Divs.— directors on holders of the corresponding 2117. for 168, representing Warren representative and (Allen B.) and 234,900,000 to and to enlist stock¬ February. 941. p. The announced that System output of elec¬ purchased) for the week ended Nov. 24 generated amounted in formed one 22 the J. Young, of F. J. Young & Co., Inc. stockholders, the committee said that from Jan. 1, 1948, the company had an operating loss "of over letter board, on 1947, an increase of 3.6%. Local distribution of electricity amounted to 212,300,000 kwh., compared with $7,334,726 reflect earnings for released were Adjusted income net $2.98 ay.d docs not which 1946 settlement. ♦$8,865,132 $2.46 $8,068,088 : Nov. on (electricity 1948, kwh 1,490,123 revenues company tricity 209,100,000 kwh. Gross • no of and directors be removed new Consolidated Edison Co. of New York, Inc.—Output— 1946 1947 $9,289,114 operating revenues., non-operating share 1,005,894 on meeting of Nov. cn restore to *$2.56 $700,000." share 21, Total taxes per earning power" of numbers" company steps Fred and Sept. present 1,075,000 $4,371,436 1,794,500 1,005,582 common shares outstanding.—V. Total operating revenues $59,697,134 $50,426,509 $43,843,244 Operating expenses and taxes—.... 50,408,021 42,431,038 35,594,271 Net after this Chairman 1947. members Harned H. Co., to 1947 892,500 ♦Earnings to go 940. p. Cleveland Electric Illuminating Co. - market and "substantial of immediate outgrowth November, letter to $3,102,077 Taxes covering at Proceeds York. New SEC the offered take annual next an Vice-President a 1948 - Y. V. Koontz, $2,241,031 30— earnings before taxes * Nov. 21,650 $2.10 Sloane, trustee of Thomas Alva Edison Foundation, Inc., and mem¬ ber of the executive committee, National Committee on Housing, Inc., while its Secretary is Harry A. Frothingham of 50 Broadway, New will SEC— is "to status the at representing stockholders common formation committee shareholders Conde Nast Publications Inc.—Earnings— Nine Co., Inc., Brooklyn, N. Y.—Filing With $2,235,230 $2.09 E. financial Watt, this of at Scarsdale, 1947 $2,273,470 charges , committee and its support This Sutro the lubricating production of 21 independent preferred company of an en¬ has been Federal District hearing court share 2006. announced issuance the to District Court. S. 168, 1948 and taxes (W. L.) Douglas Shoe Co.—Stockholders' Committee— the plan raised by and option war¬ reorganization sub¬ to stock common alternative plan U. a Dec. p. Death of Arthur C. Watt— 368. p. Clarostat Mfg. —V. holders of have the Commission found, the after per the Co. have companies the and accorded is which, income Earnings Court at Wilmington, Del. Arthur Co.—Earnings— 6 Months Ended June 30— Net security holders. order for reorganization warrants, Commonwealth's rejected Consummation down the over-ruled of by these assistant The the and forcement lubricating oil plant completed by October, a be to holders mitted set in option value. Commission rants, issue. 1949. of recognizable The Diamond Alkali through participation certain Monday, November 29, 1948 for Commonwealth's no CHRONICLE provides exchange tribution FINANCIAL & for the dissolution and complete liquidation of the retirement of its outstanding preferred certain portfolio, securities and cash, and the dis¬ the remaining assets to the common stockholders. plan Commonwealth period on COMMERCIAL to 436 227 earned Volume 168 THE Number 4755 COMPARATIVE ASSETS— BALANCE stock SEPT. 30 1948 ' SHEET, , Securities Foreign & Advances—Ledger Value: Foreign and Power Co. warrants- Co. debs, Notes Cuban 1 Inc. option 229,952,489 229,952,489 30,000,000 30,000,000 . ; Electric 6% due 19,500,000 19,500,000 1948— to expire on Dec. 31, was FINANCIAL CHRONICLE 1948, unless that privilege was extended Less 279,452,489 279,452,489 investment Foreign United 200,000,000 200,000,000 reserve Utilities—net ledger Stocks and option mkt. upon warrants quots. $78,002,200 at and States based 1948 was 1947 30, was 104,685,354 105,288,273 - 1 reserve Utilities—net 30,063,558 ' 30,588,782 advances—net.. privilege of exchange of this 1945 scrip also expires on March 31, 1950 (or, in the case of the preferred scrip, on the redemption of the pre¬ stock prior to March 31, 1950, if that, should occur). Neither class of scrip certificates is listed on the New York Stock Exchange, but both classes are bought and sold in the over-the-counter market. Scrip holders desiring to sell their scrip certificates or to buy others to complete a full share may consult either their own brokers or one of the fdllowing firms, which deal in the scrip certificates: McDonnell & Co., or Josephthal & Co., both of 120 Broadway, New York 5, N. Y., and both members of the New York Stock Exchange. Scrip certificates which have been combined to aggregate at least S. interest Associate 69,604 ; Divs. on 200 stock Common Notes Notes ($5 l3-*%, due Feb. 25, 1949 134%, due Feb. 25, 1949 interest—bank Accrued 26,251,788 25,500,000 24,000,000 361,703 —; 506,204 843,903 •Prof, 29,250 62,485,109 9,103,160 40,833 U. fr. S. 29,25o $1,242,131 $1,772,032 121,606 786,768 notes on Federal l_ 90.000 tax income $1,893,638 , taxes —— — contingency Earned surplus since Jan. 1, 1945 Capital adjustment and reserve.— 270,065 To Distribute Subsidiary Stock— $3,732,969 268,931 stock $780,414 $1,049,400 $3,464,038 1,779,888 1,779,888 $0.59 1,779,888 $1.95 Profit be paid the SEC for has asked company the rate of 50 cents at a The profit of Gair — - Maintenance March on for Retirement General accruals res. taxes — 612 79,012 146,616 63,185 151,064 76,000 151,947 55,922 155,734 6,333 6,672 9,730 15,710 - P. 14,169 13.801 : ;a taxes— <7r3,392 operating income Non-oper. income (net) *$5,507 6,885 $736 3,195 $96,102 72,675 $51,023 81,285 $1,378 $3,931 925 $168,777 29,391 $132,303 Federal income * 1, • 1948, income Deducts, — 4,718 inc. from gross the quarter. 4Loss.—V; Months TNet Ended $1.88 stockholders The snd plan Inc.—V. Quigan, Pressed of Federal Machine. Snyder, Jr., Chairman of the board and President of John I, Co., Inc., has been elected a director a director of Cory Corp., Chicago.—V. Car is He also agreement an of Frank J. this corporation ; " ' with & Welder Co.—New Director— Federal Machine Steel will consider voting upon 20 Dec. on consolidation 168, p. 1041. of 30,000 •Based upon 656,049 (and in stock...... common 1948. 1948. type American-made 1947 " ' 1943 ,1 shares per ^208,940 !; provision of $275,000 Nil Western arrears.—V. Brewery is the lor sales first Inventories of as 1948. 1, months nine the corresponding for at Jan. the period of Sept. 30, understood' that be week continued In as 168, Grande purchased certificates in the division Trust has been appointed 7,158 shares of common stock (no par) was made on the New York Stock Exchange Nov. 23 by Reynolds & of Co., New York, at $17.75 per shares The issue was-over¬ subscribed in the elapsed time of 26 minutes.1 Commis-- sion, 60 cents.—V. 168, p. 545. * . 26, was sold by a group comprises field. of 61,400 Maracaibo acres and than oil •Crude INCOME was offering of 26,960 shares of class A stock (no par) Brothers and Bacon, Whip¬ The stock, priced at $13% per share, was over¬ subscribed.—V. 168, p. 45. been purchased higher than amount Gross operating Operating Net - and in interest Net Divs. $4,735,582 368,840 profit on pfd". 4' t Divs. on 4lz% stock pfd. 911,967 1,215,956 253,128 447,385 426,446 $2.39 Earnings per com. share assets Current liabilities $24,814,648, are assets Current receivable, Cash, of: consist and $30,346,943; prepaid taxes, insurance $495,607; total current assets, $67,183,727. other expenses, previous over i , effect current with the the addition reflect assets and $30,000,000 long-term new much a current sales more liabilities period same since June fund made financing favorable than plan at 4,800,000 taxes foreign 23.000,000 Income taxes,, enjoyed. bine 77,124.470 The which 240 towns Alco-GE an will be • 4,500-hp. plant in placed Pacific RR. in the Union completed East. in next company the extended has common .changed-, for st-ock full. shares scrip of to March 31, 1950, certificates mav be common stock. locomotiues Months and Ended It the period track unit, began Pa. tests on be obtained.—V. can Sept. 168, p. ex- were —V. and 12 Chicago, 111. Gas on 7,408,500 Net 6,329,600 $2,902,100 $2,142,300 14,300 £>r38,000 have inc. taxes $4,922,200 $2,864,100 profit 12, after shares per —V, $2,194,000 taxes 1,871,000 1,089,000 .834,000 $3,051,200 1,007,303 $1,775,1,00 p. 165, electric 25-cent $1.36 1948. to of this for company 161,989,329 kwh., Georgia Power Co.—Bids The this an the week increase to exchanging them for common on Bonds— company, at the office of the service & Southern Corp. (New York), 20 Pine St., the Commonwealth N. Y.f before noon (EST) Nov. 30.—V. and allowances 168, p. & 2119. v- were $4,511,52? in %" .■■:z .'*« 1 oh share record of 1948 168, p. per Dec. 3. 40 cents each on will total $5 per and 10, $3 the This March share, 1902. 1948 and taxes 1947 $646,679 4,920.000 J 1946 ; $904,509 4,920.000 $0.18 $647,104 4,920.000 $0.13 Ltd.—To Pay 25-Cent Dividend*—"^"* for 1948 per been declared on the 10, of 20 cents per share was paid iii 1947. dividend^ by period of one year," five divi¬ $924,000, or $1.05 per share. •< / 50 cents amounting to capital record Nov. 10. Including 'the last, this brings the-total for of March .since 1930 when, paid has holders A total of share to on per share ie the largest within President, on a Oct. 30, said in part:' • the in 31 the wells on production production, of 12 other the has a financial located In Turner company wells, all Valley. The , ; $8,337,447 cents . 1948^-9 Mos.^-,1947 $3,333,391 $11,384,210 25 Turner company's net production in Turner Valley for the present year previous year's production by over 10%; controls practically, all of the undeveloped proven oil reserves In Turner Valley* excepting such reserves as have recently been established- by Royalite Oil. Co. by deepening former- produetng should . total Besides 168. p. 2007. 1948—3 Mos.—1947 less discts,,; of $0.13 payable Dec. 15 payment made interest company, New York (A. C.) Gilbert Co.—Sales Continue Higher— sales, was holders to outstanding of company The Period End; Oct. 31— a Valley, three wells have recently completed drilling and are now on production. Two new wells, No, 34 Is drilling, and No. 35, which is rigging,up. should bo drilling within the next 30 days. They are both located north of the No. 33 well, making them the most northerly wellk in Turner Valley. . In of inviting sealed, written proposals for the purchase from $12,000,000 first mortgage bonds. Such proposals are to be of 13 Sept. share Jas. R. Lowery, Company is it dividend a Payments charges this year to $880,000. dends output controlled ,*by corporation, it 2278. dividend stock, " 1,001,514 $1.77 A $1,360,000 1,001,514 $3.03 share amounted declared stock, payable Dec. with $1.20 paid on June Capital ended Nov. 19, 12,608.046 kwh., 8.4%, over the corresponding week of last year.—V. 168, p. 2119. The 1948 acquisition, 51,700 (net) i per this Co.. has acquired The 6 Months Ended June 30— 1946 $3,471,900 $4,907,900 of capital shares that 20 Gas Corp. Hollinger Consolidated Gold Mines, Ltd.—Earnings—- 1947 Income for Fed. Nov, Service Corp. compared with $3.20 in 1947.—V. as General Public Utilities Corp.—Weekly Output— —V. called Public directors compares 168, p. 1361.- certificates of • for $10,000 announced was common 2119. 8,983,700 Federal for profit Net within and 2119. p. serial 5% (M. A.) Hanna Co.—To Pay $3 Dividend— -Earnings1948 30- (or deductions) bef. prov. Inc. Provision originally issued on Dec. 20, 1946, in connection with the payment of the company's 6% stock dividend. As the legend at the ton of these privilege been interest Cumberland The , $13,891,600 $10,310,600 Other incohie . combined These-certificates produced In Kuwait.—V. 168, majority of the~Vtock stated, should pfcr* mit a greater Integration of the activities of the three companies ;ffl West Virginia, Ohio and Kentucky, involving production, transmission and distribution of natural gas.—V. 168, p. 1145. ' • of Erie, , expenses ' the and Earnings Gross indicates, share of oil North LaSalle St., operation on a demonstration spring, after preliminary tests „ income, from operations 5, March 1, 1950— 9,076,202 $4.68 $6.80 Hamilton Gas Corp.—Controls Cumberland turbine-electric locomotive to be built and operated in States, sales Cost or Gair Co., Inc.—Common Stock Scrip—Certi¬ 42.510,375 11,345,250 for redemption on nec. 15, next, $20,000 sinking fund bonds dated Dec. 15. 1942 At principal amount due 1949 and at 101 and interest for $10,000 principal amount due 1950. Payment will jbe made at the American National Bank & Trust Co. of Chicago, trustee, ornamental fixtures, and 5,600 transformers, controls, and allied equip¬ General Portland Cement Co. presented - covering program have mortgage 100 V2 have (Robert) 9,000*000 4,552,711 share per There first Turbine-Electric Locomotive Built— Gas powered Nine Net loans ficates Exchangeable to 5 Haggard & Marcusson Co. (Ill,)—Partial Redemption- American Locomotive and General Electric com¬ panies pointed out that lengthy factory and road tests must be con¬ ducted before any real indications cf the ultimate success of gas tur¬ ratio has 4,590,444 2,820,000 * 6,615,601 outstanding,,,,, shares •Includes 50% Spokesmen for the into company 1,158,834 2,189,028 5,000,000 ... provision income and Earnings 2,000 were the General Electric the by have been 1943 30, put applied $9,000,000 in October to reduction of outstanding through sale of customers' paper. Present bank loan bal¬ ance of $5,000,000 will be liquidated in the near future. The sales outlook for our industry is generally favorable, with a satisfactory backlog of orders on hand."—V. 168, p. 1798. "We bank basis available current the the of 64,632,364 —; Federal 33 purchase locomotives The payable working capital has increased In will recently hithertofore 15 Earnings company's the first gas United Number and year the between the Nov. Harry C. comparison in value) 4,146,846 118,729.099 a. trust Southeastern reduction $1,000,000. through Notes expenses, 60,485,518 the issue. for Utility— - "There has been an inventory stated: President, (dollar 18% of: accrued modernization ment the over-all financial outlook of the company, Concerning Fruehauf, of consist and payable 32,699,685 113,757,394 4,971,705 Compensation State 93,185,203 42,016,073 etc Income Home Oil Co., to banks, $14,000,000^ $6,902,700; Federal taxes on income, $3,911,948; total current liabilities, $24,814,648. liabilities Current Accounts $ 155,773,467 w__! amortization, income Pension : 68,094,958 /■■''..'hi instalment equipment receivable, $12,591,239; inven¬ tories, ■ 529,641.107 357.582,205 Income depletion, Interest $4,631,123; accounts $19,118,815; ..J",-, V * 1947 ' 77,815,428 income Total Stale. pendant luminaires, as well as $2.59 of Sept. 30, 19481, $67,183,727. Current with a working capital of $42,369,079. (as are 893,603 1,191,742 $2.66 905,848 1,216,028 $3.59 stock shs. (par$li common on notes „ conv. . No. of com. \ $1,358,136 $3,458,473 188,889 $3,275,977 373,060 stock Divs 4,412,246 3,054,110 5,578,127 2,119,654 5,283,619 2,007,642 7,523,920 2,788,338 — (est.) Fed. taxes on inc. lighting the in Included deprec. and Profit after cities The 1945 $48,717,575 reported 1948 .... income operating OthOr $700,000 worth of G. E. "white way" equipment hasthe Public Service Co. of Indiana as a part of its street Alco-GE * 1948 1947 1946 $64,646,587 $62,568,254 $51,978,425 Sept. 30— sales La ,Paz are ACCOUNT June 30— (bbls.) Depreciation, cumulative $4.25 located the tract $ by $2,000,000 Fruehauf Trailer Co.—Earnings— 9 Mos. End. of of Venezuelan leases t made Nov. 22 by Lehman ple & Co. Net shares of between Two CONSOLIDATED Capital 4,500 Gcneral EIectric Co.—Purchases Made by Approximately ary of . Offering—A second¬ Co.—Secondary Shoe Florsheim total a 1 - . Co., the Gulf Oil Corp's Vehezuelan subsidiary, assets of Orinoco Oil Co., another Venezuelan Oil Co. held a 75% interest. The remaining northwest Mara 6 Months Ended preferred stock, series A were called for redemption on Dec. 31, 1948 at $100 per share plus dividends of 70.83 cents per share accrued from: Nov. 1, 1948 to Dec; 31*'1948,—V. 168, p. 2007v> -Ji • (i. ■m1: . 1 ■(".v , ' ' Nov. Western the property inventory Partial Redemption— •On Association Expands— Net income Co.—Special Offering—A special offering Firth Carpet oh'oV available Griesedieck producing wells 011 the to be currently flowing about 325 barrels daily.- aggregate trustee Oil miles 25 and area Transport"Mon Co. be Breweries of shares r'dr common will Park 1902. p. all Orinoco about Corp.—Equipment Trust Certificates Placed Privately—The company has sold privately $6,480,000 2%%-3%% equipment trust cer¬ tificates (authorized issue $12,960,000) series 44. Certifi¬ cates are payable quarterly, with final installment due Nov. 1, 1968. The issue was sold to two insurance com¬ panies and three banks through Kuhn, Loeb & Co. Manufacturers Ilfc—- investors. the third quarter.—V. 168, p. 742. American / Belleville, new plan, Hyde separate a for the under December. 25%, also acquired by Mene Grande, $859,737 $1.31 higher 18% approximately increase no were' 7% 1808. in which Pure 1947. 1948 are There has been 1948 of p. • Western, issuable first company losses). Net 167, Co., , — pqssible for 537,933 4,879^831 $0.10 share tDisregarding preferred , 1947 $11,950,967 5,127,410 _ outstanding commpn Brewerey.—V. tAfter provision for Federal shares outstanding. after . , pointed out that early patents covering processes the longer-wearing Jow-tempcrature rubber were issued to $3,075,449 It will has $1,413,377 $2.15 $1,414,904 $2.16 share...... •Earnings per common represents Goodrich before the Mene 73,500 tons expected to be tons of all types of manV • ; 375,000 in com¬ rubber which The 164, p. 1719. The cold of 1949." Griesedieck 1946 $859,737 "1947 $1,461,794 48,417 $1,488,404 General Fedders-Quigan Corp.—To Vote on Consolidation— Approximately new 13. tons the about 1948 Good¬ plan of merger between this company and Hyde Park Breweries Association, Inc., St. Louis, Mo., which was approved by the stddk-} holders of both companies on Nov. 17, became effective on NovV-20] (& Subs.)—Earnings— 30— requirements of Inventories during 163, p. 1581. Sept. F. The consolidated a on Nov. on 183,000 manufactured were has authorized B. production of "cold rubber" from the plant It operates for the gov¬ Merger Effective— dividends. subsidiary. its of profit Preferred dividend $124,443 $2.11 — and Gardner-Denver Co. 7,865 $139,386 $3,006 *$3,340 income Net is 1948 at Gulf Oil Corp.—Venezuela Unit Nine those Earnings per share capital stock for the Texas, William S. Richaidsen, chemical the of Griesedieck 942. taxes Gross Ltd. $4,080,587 1,779,888 $2.29 which the company owns 60%, 1948, and operated at a profit This Is not reflected in the above statement.—V. 168, Net profit for Net Canada Neches, announced profit Cartons 1948—12 Mos.—1947 $1,826,930 $1,503,114 1,286,282 1,017,157 1948—Month—1947 $131,491 $113,290 104,203 81,711 Operating revenues as in ^Earnings NOTE—Southern Paperboard Corp., of mill operations as of July 1, Fall River Gas Works Co.—Earnings— Operation Co. Corporation double Richardson Common and includes the consolidated earnings of Dominion Envelope & (Western) Ltd., which first became a wholly owned subsidiary basis, commenced Period End. Sept.30— $0.44 provision for Dominion taxes and preferred ' rubber has been so great concentrating our energies on changing over production possible," he said. !'We expect the changeover to be com¬ •Loss, , $3.23 Sept. 30, .1948 Includes sales com¬ share per com. •After See also V. 168, p. 2118. share. applic. to mon Fiuance to 6 Months Ended June 30-— 260,056 1 $26.69 $3.28 are Net $4,340,643 89,644 Earns, permission to distribute to its common stockholders as a dividend 72,612 shares of common stock of the Carolina Power & Light Co. The distribution is to be made on the basis ol 1 60 of a share of Carolina common 'for each share of Bond and Share common. The dividend would be payable on Dec. 21 to stockholders of record on Dec. 2In lieu of fractional shares, cash will The $1,139,044 dividends $7,513,639 $27.07 $4.95 , Graham-Paige Motors Corp. (& Subs.)—Earnings-^ 233,984 89,644 profit $7,617,903 $38.94 • war and that these patents and other knowlthe company gained from extensive research were turned government-sponsored patent pool. • Most of the increased output of the new rubber, he said, will go into tire treads. It will also have many industrial apnlications, includ¬ ing conveyor belting and heavy-duty hose.—V. 168', p. 2119. 2,354,000 $870,058 124,498,854 124,616,924 Total we Net Net Preferred Port rubber edge 526,056 , 1,877,000 677,000' at making $6,928,627 $5,880,034 77,594 466,000 , 8,668,346 $10,960,048 tons annually one-sixth soon for $6,402,571 $5,093,266 183,876 r Qo. 30,000 President, Mr. 565,694 Common shares outstdg. Accrued as Can¬ ,l_r $1,426,058 Interest to pany B. P. opers. Gair Co. of ,Ltd. 6,391,238 and — Reconstruction ernment of Total 43,385 727,278 62,477,218 10,523,409 loans— stock income taxes Chemical 15,000 into ada 26,251,788 payable pfd. subsidiary ' ', par) payable—banks, payable—banks, Accounts 124,498,854 124,616,924 .-. —— .V': "* The rich 1,218 Prof. Total 'LIABILITIES-- 9,750 9,750 312 300 : 305,030 8,403,551 domestic profit "Demand for the 201,844 237,969 1946 • 459,524 (B. F.) Goodrich Co.—To Incr. Cold-Rubber Output— pleted for depreciation— 1947 NOTE—Net income for the nine months ended the earnings of The Toni Co.—V. 163, p. 1145. 6,997,515 1.983.626 1948 $20,006,637 $14,468,666 $16,487,017 Amount earned per prefeience share Amount earned per common share,, made 5,823,405 700,889 1,489,900 (& Subs.)—Earnings— 30— income Net 5 643,038 and excess before deductions Prov. 1,470 - - Foreign 1948—9 M;.s.—1947 $10,896,078 $10,395,822 $34,424,099 $33,745,042 Sept. Depreciation that below Ended produced next year. ACCOUNT INCOME Months Profit from operations—!,-.: nearly customers 662,500 312 - assets charges—prepayments New York 15, N. Y., 1948—3 Mos.—1947 (U. S.) Profit 602,500 , to sales Net shown —* - current CONSOLIDATED 69,104 75,309 : sent, preferably by registered mail, to the Manu¬ Period End. Sept. 30— receivable— companies Others. Deferred 12,052,319 bonds receivable Accrued 1,790,000 12,383,312 Government Accounts Other and full share may be one facturers Trust Co., scrip agent, 55 Broad Street, which will issue full share certificates. 111,306,047 111,831,271 1,790,000 securities banks in 74,699,491 74,621,796 value-. ledger Services, Inc Investment U. 30, Sept. ^ Less investment Cash lvalue Sept. at $77,364,800) United JEbasco 79,452,489 79,452,489 value States Utilities— Gillette Safety Razor Co. Nine also has another class of scrip certificates outstanding made up of certificates for one-half shares of preferred and common stock, which were issued in 1945 to holders of the 40-year 6% income notes who exchanged their notes for shares of preferred and common stock. As the legend at the top of these certificates indicates, the ferred Total (2225) • The company $ Utilities- American Stocks and & by the company. 1947 ' $ Invest. COMMERCIAL exceed the company wells in the: .Valley;> The coippany is-the^first to have completed the drilling of a quarter section (160 acres> in the Leduc area. on eight-wells THE (2226) C quarter sections other Two the company, wells have L>y sections, and developed the Lcduc area are being in one producing wells in the Leduc area. It is expected to have another four wells placed on production Ledue during the present year. < At jx recent jsaie of government lands in thi Leduc-Woodbend ing the total to Period End. Sept. 30— these quarter well has been completed en the other quarter, bring¬ in $2,204,155 1,328.203 217,048 263,744 101,630 Utility , Other income accruals 12,500 10,833 145,000 $37,467 $412,275 $425,477 14,674 2,051 13,726 10,535 (net) Gross income Income issued originally were $39,518 $426,000 10,222 8,514 ; 122,839 Lake Superior District Power-Co.—Earnings— Period End. Sept. - Operating & . „ $1,041,336 $900,079 696,519 3,335,969 $203,560 5628.4('0 9,392 32.565 taxes 9o,470 $31,004 $363,161 Netr $103,010 ' income—._ opcr. income 9,097 met)— $33,194 ' ' '. G.CoS 135,381 ,149,805 income per to stock and surplus, common $153,357 2120. iuco'ue Net $l.5i .255,915 $310,876 $145,919 $38,946 -$676,517 *♦- —V . 290,088 - $204,221 - $1.14* share—135,000 shares common 67,032 ' 73,361 $932,333 $660,964 $212,951 $112,108 L Jnt, and other deducts.- Balance applic. p. $893,186 39,647 ■« Preference dividend requirements-'-.. 168, 168, , ' r. "v*- 848. p. 1 , * Retail Chicago, its Nov. continue and Net as member a stock, common payable Jan. of record to holders 22.—V. Nov. Net sales and other enues Cost — of Interest 82,559,387 bonds on serial Federal income taxes, for been purchase income Net 4,799,900 2,150,000 1,600,000 2,150,000 7,661,133 4,899,315 ''Before 6.070,295 4,899,315 22,669,526 4,899,315 Total >$1.56 $5.06 August, the 1948, and issued company sold to .reimburse since Dec. 31„ the seven Profit Fed. 8. inc. & taxes of 13,510,800 2,506,712 to $7.03 shares to 2,506,712 shares—V, .168, company has purchased next Spring of —V. 168, 33-acre a $6,79 $8,000,000 an 2,506,712 stock a shares split-up increased was of have stock Nov. on at voted in start to and Nov. cents dividend Dec. 18 of to 30 including $1 declared a the common stock, of on share per of 30, 40 Ware, common directors holders Sept. tributions Louis the share per sales _ — cents on the income lor taxes plant. dividend usual the Port, of war management believes that as earnings be increased "so long as there are such a .course substantiated to the unsound," his effect that dividends later Action statement at stockholders "in the present of the the increase, no in board Nov. on annual mieeting might expect calendar a which of modest year."—V. 168, p. also The directors cumulative have declared preferred a dividend said, produced Total Admin, & sales on of misc. income capital assets Net for for 204,874 $6,615,861 453,127 487; Common per common on share.!..!!! common stock —V, 168, p. 943. at accumulated was it was stated. shipments and in period same the previous the third This quarter. was of quarter by ascribed shipments glm-s projected by be may model affected changes, somewhat Biggers Mr. the in indicated.—• (& t . Subs.)—Earnings— 1947 1943 $1,444,324 income taxes.- 233,727 1_..' —— — $950,694 331,898 — income* taxes-—„—— T24.4S4 shares 88,511 $207,404 $150,216 153,407 153.407 $1.35 $0.98 -—■ — outstanding ... share common 3,558,092 6,957,775 6,025,208 view 348,124 381.789 326,320 $255,249 $2,289,744 1,953 884 21,003 $276,258 number shares of of $1 p:r stock commm 15,964 $1,138,869 limited which remain outstanding and not owned by S Ivrvley Carp, or its affi ia.tes, (he New York Curb Exchange removed issue from listing at the opening of business on Nov. 13. The this 340,650 $1,137,985 the of tlii.-> -company DistiPers $2,305,708 had action —V. 167, been approved by Corp.—karnings- Period End. Sept. 30— 440,900 105,100 Sales 2,046,112 ping and Sell, ' — 1948—9 Mos.—1947 '■ 1948—3 Mos.—1947 $15,293,095 — $13,570,142 $39,369,314 $34,433,467 "Manufacturing & ship- re¬ Cr78,557 the Securities and Exchange Commission. 254. p. admin, & Deprec, L. ■ 9,490,419 and expense 8.480.484 24,868,699 21,545.698 1,151,858 costs 1,173,161 3,360,756 3,113,866 $411,003 $697,969 depletion.- 464.S53 485,361 $4,185,965 $249,716 $259,596 1,050,000 1,050,000 1,050,000 1,050.000 $0.39 $0.66 $0.24 $0.25 $927,297; accounts Operating profit $3,430,636 1,390,468 1,410,142 trade accounts ■ receivable Miscellaneous income for than reserves - Net .• taxes on income of the current and prior years—esti-; notes payable to banks ($100,000 payab'e semi-ah-. March 3 and Sept. 3), $400,000; common stock ( par value $1 $494,960; on share), $1,050,000; capital $2,097,285; total, $5,851;4G4.—V. surplus, per 168, $1,420,245; earned the to surplus, 661,282 616,457 $5,227,615 $4,536,519 value fixed the. South ;Kinney+Coastal Oil Co.—Earnings— EARNINGS Net FOR THE SIX MONTHS 3 Mcs. End. ENDED JUNE 1948 30, income Capital Earnings $0.04 i__„_ * 1257. p. 3,639,595, —_ share per 167, outstanding than assets the exchange time the of depletion of peso except based acquisition. Cuban one is equals as the on The Cuban U. one S. * Wholly v Subsidiaries)- Owned 1948 1947 1945 1945 $7,179,754 $5,778,762 $3,096,839 $1,325,810 792,478 558,620 312,055 238,487 486,101 373,201 284,739 8,379 1,584 1.288 9.782 2,292,159 1,865,413 935,853 t528,225 $3,600,637 deduct,iens $2,979,945 $1,562,904 "$266,2,11 - — — State & companies rates, which , Depreciation Fed. income other accounts. or American, .subsid'ary average and at par Sept. 30— before Interest for provision Federal 647. p. Depletion $162,851 shares at- the depreciation figured .at 168, $4.18 $5.51 tlncluding .tother . of figured are S1.97 sold, charged directly to. costs outstanding. are results of $2.40 contingencies, shares 948,597 are 245,163 $1,869,888 Long-Bell Lumber Co.—Earnings— 1363. p. which above dollar.—V. 1,459,075 2,194,559 248,808 and for resu.ts \ 1.502,249 2,719.882 purchased, cement of provision dollar 529,249 921.071 share per cost taxes on i • • 548,511 1,210,134 charges- NOTE—The included insurance , $8,806,610 (other accounts and $ Based accounts payable, $209,115; salaries,'wages and accrued, $73,192; accrued payroll-taxe^ and taxes, etc.,. employees, $23,812; Federal excise taxes accrued, $24,- Federal nually profit doubtful taxes 382,849 • $2,276,094 "Including - 361,637 $10,111,028 taxes-- profit JNct -t meted, taxes income tMiscellaneous • 134,735 $3,565,371 Federal) Federal from compensation 97,582 - tProv. 1943 (after $8,423,761 $4,283,547 „ Total of $9,749,391 inc. taxes 283,107 „ $3,768,485 180,321 $4,130,903 La Consolidada, NOTE—All 800,000 $3,178,308 $1,518,496 113,710 113,710 rate The half 113,710 $3,064,597 1,187,730 '593,865 $3.83 $5.16 $2.37 2,494,232 1,781.594 1,039,263 $74,692 "After taxes the and , (&-Subs.)—Earnings- 1948—3 Mos.—1947 "Net loss 476,340 S96.247 Profit A. Period End. June 30— 389,821 618,222 816,204 $4,555,340 shares outstanding Earnings Dividends declared property Logansport Distilling Co., Inc.—Stock Off List- $666; „ of but , before figures 4.85 company year and stock below safety profit Profit 250,000 requirements!!! facilities new $1.38 for reserve 165, p. 75. in of conting. workmen's -1946 961,425 1,550,000 special a 2121. p. Earnmgs per accrued, $8,694; State and local taxes accrued, $43,353; royalties accrued, $5,656; interest accrued, . $4,669,050 common stock¬ to LIABILITIES—Trade the 879,985 2,325,000 3 $1,004,439; goodwill (excess of cost of investment in subsidiary over underlying- net assets acquired), $668,444: patents (at cost, less amor¬ tization), $70,680; deferred tool and die expense, $39,838; prepaid insurance, taxes, etc., $21,788; total, $5,851,464. .• 182,097 contingencies— dividend Balance 187,088 255,780 567,815 expenses profit Preferred $6,410,987 $9,403,276 general Taxes, other than Fed. inc. taxes Prov. for depletion and depreciation Prov. for Federal taxes on income Provision 1947 cost of year, (Including $8,960,408 . income and on a periods, 1945 share per doubtful —V. operations royalties, Profit share 1947 though, production before Net —V. income to withheld 5,741,972 6.169,114 5,138 298 $34,016,505 $25,117,507 $17,868,864 25,056,097 18,706,520 14,100,379 _ Cost of sales Income from costs commissions 1903. Subs.)—Earnings— 1948 was . 168, pp. 1903'and 2120. 9 Months Ended Sept. 30— Int., per . stock, Island Creek Coal Co. (& coal $1.25 . was Aug. 16 and Nov. 15. OS against $8.75 for 1947.'—V. Tonnages of Gross .sales of and excessive slightly sales , payable Dec. 15 to holders of record paid this year on Feb. 16, May 15, July 15 Payments for 1948 will total $7.50 per share! A like amount 2,551,068 $1.02 that there is a continuing heavy flow of orders glass and that, while .polished p.ate glass also is in good dealer stocks are reported nearing effective inventory. levels. .Federal out¬ it $23,857), $772,356; inventories (at lower of cost or market), $2,335,592; accounts receivable from employees, $1,181; insurance deposits, $6,848; deposit on purchase contract, $3,000; prop¬ erty, plant and equipment (after reserves for depreciation of $6,92,429 >, corporation increase in International Rys. of Central America—$1,25 Dividend Dec. 6. $3,524,878 2,554.296 $3.42 gain so far in 1948 from the volume in the a quarter 168, Net $9,588,169 278,067 ASSETS—Cash, for of render he 18, the $2,616,681 2,555,206 $3.83 , Biggers reported Common payable Dec. CONSOLIDATED BALANCE SHEET, SEPT. 30, the meeting dividends factors $8,727,826 2.552,735 . * 1948. * should and $10, par 1946 profit . increase annual 1948 $2 million Automotive Co., $689,070 for produc. •Net stock. the recent $9,737,417 — . last income reserve return stock, both payable 28, 1947 to and leguiar quarterly dis¬ upon 2,347,081 of quarterly March common 4,509.772 1,603.775 * $4,139,661 profit Fed. Earnings dividend, 4,774,734 6 Months Ended June 30— . ' " 5,608,370 6,936,206 window -Frofit authorized 1945 . Liberty Fabrics of N. Y., Inc. 1947 Capita] shares outstdg— on the dividend, 16, ; and of 1946 $8,995,191 $10,381,731 7,697,712 6,619,720 expenses the year, Mr. divi¬ Insurance $750,000, the of Kayser- $7,544,982 (est.) From share per to sessions/'-- activity 1949 1947 1948 sales, res'ch profit rate for by to stated costly replacements at 8Mexican have pesos t$447,232 been the that strike in results January, Negras tax. from hearth at net profit $10,208,646 ill '*$1,444,370 Earnings affected were extensive open The to currency • for equipment repairs steel-making delayed deliveries of equipment for needed repairs.—V. 167, 1948 plaht, p. 2688. period deducting $136,290 forett fire losses, flucludes profits excess taxes. tS867,876 tProfit. Maxican J operating Piedras $396,715 dividend converted dollar. for After 1948—6 Mos.—1947 $1.50 in (he nine months against $8,960,201 as 1945. per the for 1947 per 1.007,801 share tively,—V. were 163, $5.13, in Sept. 30. 1947, 1948 $3,518,805 amounted the and in $0.78 and For $4.50 amounted in and 1946 „ . share quarter shares. enr'ed . . common 1.991,130 shares of capital stock of owns to $1.81 which in 1948 quarter, the 1946 the Long-B 'il Lumber Corp. nine-months' $1.76 in 1948, quarter, periods based the 1947 and on earnings 1946, respec¬ p. .1801. La Cooperative Federee de Quebec—Bonds Called— $1,404,785 593,865 All Oct. 1, of 1, next, branch the outstanding 2'i, 2\'zr:>, 2ri 1949 to Oct. at of 101 the 1, 1964, and interest. Canadian have Payment National and 3Mif'c been called Bank bonds due serially for redemption on will be in the made at Province any of April office or Quebec, Louisville• Gas <& Electric Co. Electric output totaled - Sales, Biggers, President, to the usual two week; vacation shutdown July of all glass plants, except for certain necessary operations. V. nor for, the Carpet "work conferences/ will-be $24,104,850 $21,272,402 Lone £tar Cement Prov. preferred President, in commenting pointed out that at the $0.50 increase stock (netL-.. 10. made $368,683 $0.43 $691,023 4'i company $303,837 $0.55 of Charge D. 437 1948 the the to Nov, — Operating Fairfax construction quarterly the $406,794 in & taxes were in 358,535 - and Western— 1801. Sept. 30 — devel. both last 52,345 287,858 meeting in oqe single a will start with a New Eastern .and Metropolitan the Winter Market ,in- January. will hold a separate- sales-session the. -organization 168, p. income 1948 $780,030 1,379 72,595 296,625 5,202,401 expenses stockholders he had indicated that on t^he basis of earnings of the corporation for the first quarter Of the current fiscal year, dt was esti¬ mated that the earnings for the year would be at least as good as ■during the past year and possibly somewhat better. He stated that the 66,661 $725,669 scheduled 4he prepare Sales show $713,359 from subassembly and 1946 $6,241,548 — Dec. on record 1948, regular the 1947 from Vice-President McFarland, replacement companies;) 73,588 $600,000 25'3 a noon, per record of company divisions—Southern, Central, carpet Capital shrs. outstdg,,,.Earned per share-, In $652,031 taxes from cents ..... division H. uexn., Net 167, Selling, admin, and gen. International Minerals & Chemcial Corp.—Ups Div.-— On mines.—V. 22. voted record conversion 60 business consists Canadian figures do not include the earnings, of, Julius Kayser (Aust.) Pty., Ltd., or 108, p. 1694. Operating profit laud tract, of depot parts ' ■ conference programs, Dec.. 15-16. for its prior to to Federal England.—V. capital 10 • Chicago just manufacturing and $742,281 ... Cost, of goods sold 743, p. company's to subsidiary • lrom of * of holders 15 -to . hand-knitting announced Gen. have to 97,753 9 Mos. End. Sept. 30— Net 1800. p. which it plans on " $803,19G Internationa! Harvester Co.—Plans Kansas Plant— The Whitehall understood 1948 — above dividend' Dec. 1949. John Canadian initial an payable Libbey-Owens-Ford Glass Co.—Earnings— Kingston Products Corp. (& Subs.)-^-Earnings— 1,145,926 on and directors Other ^district of Kansas City, Kan., purchased is 60,915 stockholders The $7,773,539 $9.16 share a has 21,544,300 " 1,432,407 outstanding at Sept. 30, 1948. As the result of Feb. 6, 1948, the number of outstanding shares 1,432,407 wholly-owned share-..-. per announced $13,115,986 1,432,407 "$12,29 $8.45 equivalent was 9,011.500 Fed. standing 1945 $22,127,486 $29,320,839 11,410,500 $21,185,583 $17,610,802 — profit Subs.)—- holders per share—_ net (& 1946 $34,696,383 $29,021,302 capital shares—_ "The Corp. 1948 in- — Net profit No. Earnings Canadian — Ltd. The Machines 1948 it Kentucky. Central Life .&■ Accident Anchorage, Ky.—-25% Stock Dividend— 647. Business Can. taxes come 168, p. Sept. 30— before D. the income.. received Bondor, expenditures made part for capital in company 1946.—V. International 9 Mos. End. of mining equipment —_ NOTE—The companies for investment purposes $20,000,000 of its series mortgage 3'/r bonds due Aug. 1, 1978. The proceeds will be first used portion various income dends to in Joseph Tota! 2.024 for Net insurance H of gross Earnings deducting amount appropriated for reserve for contingencies. NOTE—In later 2,518 4,3il demand, $4.44 share— has it Ontario. disclosed, but - Depreciation 16,241,583 4,899.315 $2,00 .'_—•. per not Interest Shares outstanding earns, sale (Including Prov; "Net announced Gait, was sales divisional three in Lees other 22 Quarter Ended Sep/ 30— Gross income from operations^ 5,550,000 6,271,200 348,344 other meet The $2,926 • (Julius) Kayser & Co.—rEarnings— 1,062,552 13,930,300 1,133,760 15,620,165 ___ $3,50) 2 $750,000. substantial the S $ The . 2789. O.ihyr income _ price than more of res. contingencies 562 net The and 441,697 Appropriation for 2,159,608 notes piofits & losses) its annual several .to pity meeting _ou carpet divisions. " 83,488 635 securities.. company on Nov. Machine & Tools, Ltd. of 79,482,682 280.769,682 224,247,824 64,509.801'232,361,705 .181,221,117 2,154,341 6,334,526 6,242,272 101,243,025 — $4,144 . „„„ 2,723 ~ sales-of The rev¬ talce..., city, 1948—9 Mos.—1947 1948—3 Mos.—1947 $ $ Deprec. and depletion-- from p. .York company,—V. A Sept. 30— of security stock, 252. Lees & Sons.—Sales Conferences- 9 Mos. End. 1903. 168, p. V on p. Period End. ... , profit 163, changing -Earnings— Joy Manufacturing Co.—Acquires Canadian Firm— Subs.)—Earnings- •Inland Steel Co. (& 1 (excl. 5.—V, declared X Sept 30/48 June 30/48 - pjofit have " % ■ . . common (James) designed 16, 1948. Mr. Rivitz said this form of extra adopted i« order to conserve cash which will be 10 Dec. weeks four asset value per share declined - from $27.23 on June 30, on Sept, 30, 1948, and latter figure also compares with Sept. 30, 1947. At Sept. 30, 1343,. the authorized capital stock was 200,000 shares, par $1 each, of which 13,617 shares were outstanding,—V. 168, p. 1482. to 1949 12, the the 1948, to $25.23 Dec. Dec. for * directors on $25.55 holders of record payment had been required lor future expansion plans. No extra distribution in stock or in cash was made during 1948. Regular quarterly cash payments of 75 cents per share are also being paid on the common stock, the next to be payable the sales 1890. p. ........ The commivtee. the executive of During, the last 22 years as president, Mr. Rivitz presided as Chairman without official designation. The directors on Nov. 23 declared an extra dividend of 5'/c in stock on retail Dividends payable will become President on 1/to succeed Hiram S. Rivitz, who will officially become Chairman board the The share will Net ?Hayden B. Kline, Executive Vice-President, the 168, Nov/1, '47 105,620,70^ Wis.—Initial Laboratories, Inc., Milwaukee, Dividendr— - than any previous four week period in Months Ended—. Income Dividend to Be Paid— Jan. that announced 1943 were higher Nov. G; '43 10,968,733 127,417,030 (The) Johnston Mutual Fund, Inch Expenses of 6, history,—V. Three Corp.—New President, etc.—5% Stk. Industrial Rayon Nov. 1, '4T* 12,680,524 corporation ended be elected will Corp., gales The President of International Minerals & a director of the Illinois Central RR. Co. at a meeting of the board of directors on Nov. 30. He wi.l succeed James Norris, President of the Norris Grain Co. • In addition to being a director of International and affiliated com¬ panies Mr. Ware is a director of the First National Bank of Chicago and of United States Gypsum Co,—V. 168, p, 2120. , of Ware -—44 Weeks Ended— 4 weeks Ended—t~ Nov. 1, '48 Director- Illinois'Central RR.—.Ware to Become Louis Chemical Lakeside Jewel Tea Co., Inc.—Current Sales Rose 15.6%— Co. above.—V. .162, p. 246. Brewery Grie/edioek Western /. Association, Inc.—Merged— Hyde -Park Breweries ,See ~ $3,472,318 2 579.132 $3,964,369 93P.626 _ / 1948—l2Mos.~1347 1948—3 Mos,—1047 30— revenues. expenses Other Net income ~"V. dated Oct. bonds these . $339,602 deductions ■Earnings of $1,000,000 1947. $436,072 $43,415 - r there 1, 128,750 $28,742 Canada. Oprr. • of those bonds, payment on April 1, 1949, will be set J.13 St. Peter St., AJuebec, deposited in The Sun Trust Ltd., 149,022 1,684 income.- res. oper. and monies for the redemption redemption surrendered-for not are aside 1,051,292 18,720 12,523 required which $2,018,284 89,118 c Retirement acquired two parcels of .160 acres each which should bo developed during the coming year. • It is the policy of the board to bid on further lands when released by the government in either the Leduc-Woodbend area or m the Red water area, the most recent discoveryThe company holds considerable acreage In other areas in Alberta, near which some of the largest oil companies jn America arc carrying on'drilling operations. There is considerable promise that one or more of these drilling opera (dons may prove additional structures in 'Alberta even within the next few months. • The company's revenue for the first eight months of this year -shows an increase of more than $1,000,000 over a similar period last year. —V. 153, p. 1600. . $138,661 13,798 ... Taxes the company / 1948—12 Mos.—1947 $162,094 revenues Operation Maintenance Monday,-November 29, 1948 The (& Subs.)—rEarnings— 1948—Month—1947 105,311 Operating J1 CHRONICLE FINANCIAL & Jamaica Public Service Ltd. ■ „ , placed on production on one of been Two COMMERCIAL 46.627,000 of this kwh„ corresponding week last company as for compared year, an (Ky.)—Weekly Outputthe week-ended with increase of Nov. 34.508,000 35.1',/V. kwh; 168, 20, 1948, for—the p. 2121. Volume 168 Corp.—Earnings— Lumber Long-Bell 3 Mos. End. Sept. 30— Loss before 1948 $2,975 —-— —— income on (Cri_ 237 Operating 111 84 —V. period 168, $2,739 $2,886 1801. p. $1,067,175 $954,436 $1,421,017 829,413 558,119 1,166,993 747,333 stockholders authorizing of business) borrow to not Federal Financing Approved— rsolution rescind to voted 23 Other Dec. oi Gross and 1364 The interest. and authorized an agreement Mutual Life Insurance Co. at is to be repaid in ten years. Penn This Fed. taxes all Fed. taxes 298.401 of shs. outstand.ng per share "After . for $1.46 other taxes all for reserves Sept. and of $5,202,577, state foreign income taxes the same and other last and at year were date in $12,out,200 postwar The taxes. $9,093,121 168, pendent The Corp.—To has than embarked double its integration of channel prerequisites for a pits, building ingot from plant in v completely on this site hot integrated mill the War will by facilities so furnaces with carbon the that steel of electric finishing facilities. We have electric new a at Government construction will we the next. June have Indiana month. per The additional of Melting in investment capacity in this this loan stainless steel expansion customers be met 100 form of has been indebtedness established might As satisfactory have been The mortgage and , attained. no able lor sold in tins be loan. to freight on to freight on reflected be the reduction of finished in steel both area with New Federal recalled the of of the of The recovery Royalty Cold Eastern Metal royalties Agreement District Process alleged dated the lower Court the 1584. reversed The in Net April the means 30, McLouth under the in oi the of counsel event of it is of the Affirmance of the decision substantial amounts of royalty unlikely this by Cold Metal to appeal an that reflected Revenue decision will N. Bureau financial future has allowed statements.—V. the Mack the United States company's claim for Net income Prov. : Sept. 30— 1948 sales lor before for prov. Federal and Fed. income Canadian 5,066,140 taxes 2,007,000 taxes income 1948, income Federal income (•Earnings per Amount paid transferred share in of to in selling including $680,572 ex-dividend total, payable $1 Oct. (average *_/*' and 1947 4,735,000 $5,265,883 1,941,338 cost books, per subject based are and audit to the on payable repurchase of total, $212,139,601. of the 168, p. July 1, 1972 Mos. End. Sept. 30— Net + inc. aft. Federal ehg.s. year-end as taxes "On a securities. of capital non-recurring In addition stock, profit the to - $1.84- $1.66 rhares 408,000 (Includes of $752,779 $676,864 —* of above par $255,405 $0.63 1945 +$832,503 - $0.96 Net $330,288 duction. profit for After from month.—V. this 168, Premium $10. Maine & New Brunswick Electrical Power Co., Ltd.— 1948 Sept. 30— inc. & GrosS" income *' deductions _ * 113,026 64,643 56,400 35,601 31,452 $80,394 (net* 143,902 29,968 38,421 Utiktv operating income**: Income $133,400 $133,293 3,637 3,139 $83,021 $137,037 $136,432 23,070 56,644 * Net income __1 radio production will general have assimi¬ 1948 1947 $22,919 $28,634. 3,132 income 2,233 5,146 fee 5,623 461 643 $14,181 $20,12-3 14,414 taxes — 15,013 ... * ; profit on sale of investments of $11,590 in 1948 and $27,010 BALANCE at market, dividends SHEET, SEPT. 30, owned $645,686; cash and in receivable, $1,761; LIABILITIES—Accrued accrued distribution income tax, $461; security $3,096; 006.—V. custodian (cost $603,102> custodian, $19,492; accrued charges, $67; total, $667,006. deferred $1,016; expenses, 1948 by of redemptions payable, $495; payable Oct. 15. 1948, $4,703; reserve for Federal capital stock ($1 par), $47,026; paid-in surplus, profit ancl loss account, £)r$104,562; undistributed unrealized 168, p. held hands appreciation of assets, $42,584; total, $667,- 1585. National Biscuit Co.—Secondary Offering-^A second¬ distribution of 18,000 shares of ary effected Nov. 19 at $30% was Moseley & Co. common per stock (par share, by F. S. Dealers discount, 750.—V. 168, 1801; p. V. 167, p. 2791.. 1945 1946 1947 $96,808 $170,380 "18,557 10,875 39,435 103,223 Dr706 Dr377,503 454,555 Drl,364 $267,465 taxes) "$19,263 "$366,628 $493,990 National Fireproofing Corp.—Earnings— Period End. Sept. 30— sales Net 1948—9 Mos.—1947 1948—3 Mos.—1947 $7,031,988 "$6,343,034 $2,564,882 2,256,397 "$2,604,300 "2,261,433 6,160,031 "5,507,009 $308,484 $342,867 $871,956 $836,024 16,836 6,160 38,037 71,109 $325,320 — taxes** j 7,250 118,549 128,713 40,672 "$12,013 "$248,079 $365,277 Operating profit $101,859 $61,187 income (Estimated the refund carry-back of prior provisions years' income internal the of taxes revenue Other miscell, V. $349,027 $909,994 $907,134 . income- directors cents per Previous share have share, declared payable payments quarterly.—V. Dec. a 20 this year 167, p. 31— • for 1,483,855 11,888,791 9,856,454 $73,980 $110,997 $959,513 $1,965,643 Net profit-; 185,000 188,000 1,295,000 1,316,000 $111,020 $77,003 $335,487 ($649,643 cf annual * int. Purchased deficit "On bonds and is dependent debenture stock, including those payments of available income. (Profit.—V. 168, p. 1695. upon Period End. Sept. 30— 1948 1948—3 Mos.—1947 $135,075 $230,188 $358,411 retiremi Net Other 12 Mos.—1547 $2,536,529 564,209 474.862 2,127,088 $10C,647 $409,441 $557,401 Drb 140 140 282 $106,787 $409,581 $557 683 27,363 27,476 112,671 1946 515,117 430,223 1,455,141 1,152,457 1,055,670 163.782 110,481 89,191 387,816 343.835 235.794, 143 887 ***** nts,. depletion * 165,877 146,799 170,870 101,300 76,800 $559,997 I taxes $531,849 income 18,669 $418,368 70,005 86,950 $481,377 $526,280 $331,413 $1.08 $1.18 $0.74 (net)**' income Net 64,545 $596,394 91,289 income******, $363,953 54,409 $572,666 operating income ineon1,e 204,195 (net)—* • $2,495,833 752.783 taxes Total $2,306,074 1,748,674 $103 729 income oper. income 1C47 $2,901,839 *—-*._*.. «.***, for (& Subs.)—Earnings— 1948 $3,656,266 — * Federal income Gross $581,509 taxes,. & expenses $112,299 amortization Net $667,938 * 95,749 175,242 which $102,724 revenues 95,730 153,458 gas expenses and Michigan Gas & Electric Co.—Earnings— Operating 31,916 84,401 revenues Maintenance General Net 31,910 74,866 taxes* —_ operating Provision and sinking fund chgs. 61,129 216,604 9 Months Ended Sept, 30— Total Other income oper. 179,858 250,758 National Gas & Electric Corp. 1948—7 Mos.—1947 $1,594,852 $12,848,304 $11,822,097 1,684,410 Net income 20,244 77,391 (& Subs,)—Earnings* incl. depree. exps. 16,830 89,416 depL conv. "Does not include construction department operations. (Including operating, selling,' administrative, and general expenses, but not in¬ cluding provision for depreciation and depletion.—V. 168, p. 946. 1948—Month—1947 $1,758,390 Oper. & cum. income debentures in Canadian Currency)' (Expressed Period End. July depr. 5 75 quarterly 2032. Mexican Light & Power Co., Ltd. for on Prov. dividend of 15.' to stockholders of record Dec. 9, have been at the rate, of 10 cents regular _* deducts., incl idle pit. exp., dev. exp., etc. Int. Melal Forming Corp.—Dividend Rate Increased— The income Other . Prov. 745. p. Total resulting code Gross Int. and Net —V. income other di ducts.* • —V. deductions 1 _*_ 166, p. 2689. $76,362 income 168, p. 848. $79,311 National Investors Corp.—Estimated Dividends— • Following $353,488 $296,910 its , —V. 168, p. 848. $60,182 $113,967 $79,788 during the year. The exact amount of this be determined until Dec. 14, 1948, the record, stockholders entitled to receive the distribution, presently estimated at something like 45 cents per share out¬ for is standing. 1948 Operating revenues Federal and State $20,823,042 15,474,014 " Operating expenses and taxes taxes on ***** cash i, last —-k— — Gross income *'— deductions — ,Net income _*_*_* 168,"p. 2010/ — — 29 cents —- ,—-— be made elect per -share addition to that the the special ordinary to in stock (fractional shares receive cash. A capital in stock or. cash was paid on in Dec. 23, distribution dividend to noted above, it is presently for the second half be paid 24 cents per share payable in cash on Dec. 24, 1948 to holders of record Dec. 14, 1948, the date when actual declaration will be made. The estimated second-half payment together year will amount to about $4,140,055 1,166,212 with the 17 cents about 41 cents of 1947. —V. Distribution will stockholders of $3,722,028 418,027 * Non-operating income Income pot year. In estimated Operating income realized will determining unless dividend 1.627,000 : income of capital gains but Monongahela Power Co. (& Subs.)—Earnings— CONSOLIDATED EARNINGS FOR 12 MONTHS ENDED SEPT. 30, established policy the board of directors has stated, distributing on Dec. 24, 1948 substantially all of 'the its intention net distribution ... $334,171 186,733 profits taxes $377,547 22,839 excess Retirement reserve accruals Other income 1946 $335,519 * * Operating revenue deductions** Dominion 1947 2,626 Operat ng revenues Motorola's in radio in 1947. date 12 Months Ended by its Price was 1364. p. for ;** Earnings per share***— $20,058 resulting from the sale profit", the company received in estimated deducting source of one (before income "Loss. lfom Oper. Plan adjustments on its 1944 pro¬ Federal income taxes the net approximately $254,288.. During the nine months ended Sept, 30, 1948, the company produced 26,494,803 pounds of copper. The smelter was closed down throughout August lor overhaul aha repairs, resulting in an operating loss, for the May facilities of expansion 30— * "Before in opers. income Federal The Dividends follows: 1948 transactions factory. facilities ; income Other 194(3 1947 and "Earnings per share. "Net I reports 111, only production have been In addition to the reap¬ Motorola will for the first time supply auto radios to the auto manufacturers, with the sets being manufactured Chicago factory.—V. 168, p. 1695. Expenses 43 1.494,668 shares presently 1948 Quincy, manufactured the set are 1695. liquidation radio extension factory new being factory, video purchase, the debentures at The Exchange Place, York, New of main and space for a income, City television Mutual Investment Fund, Inc.—Earnings— •' Magma Copper Co.—Earnings— "9 of Chicago, ASSETS—Securities $2,432,760; 1948, $3.53 adjustments. outstanding as a result of the sale in December, 1947 of 150,000 additional shares and the split-up 2-to-i voted by stockholders on April 28, 1948, of the 747,334 shares then outstanding.—V. 168, p. 744. reserves figures Motorola's in currently arc facilities Nine Months Ended Sept. divi¬ $36,804 income Fed, "Accrual "After (These at $212,139,601. 25, $209,549,256; par), ] 10,000,883 2,242,003 stock common dividends* company's (Cost of products sold** Net over 1949 1948 30, J $3,059,140 $2.04 surplus in Management taxes. Gross earns, from opers. "Net this gain-on other profit loss auto in gain and Its combination console its consolette Income—dividends, etc. and company," to directly and 1 1 the additional , Bank $89,545,552 $90,623,415 '*__— for SHEET, "SEPT. Sept. 30- 1948. 168, p. 450. Trucks, Inc.—Earnings— 9 Months Ended made investment market quotations, - from set, receivers Provision for Federal revenues and per Net been sold, $26,794; Y.—V. trustees television and in ,over-all great extent the additional production Schedule called for by the recent purchase of inventory and certain assets of the Car Radio Division of the International Dctrcla Corp., Detroit. As a result of $14,843 in be profits taxes in the amount of $380,000 which will be excess in $192,708 sinking fund debentures due delivery in exchange for temporary for definite a for 1934. saving 2,036,907 late . It is 1940 terms • Court. Internal relief from has after depreciation will 1946. Michigan in sued due be to of Co. 2,432,760 2% % income Net 168, opinion Supreme "regulated as stocks on National York, Total payments. In liles while provided Merchants & Miners Transportation Co.—Earnings— the Court that of television shifts' in kind, $10) respect earnings of the comoany whether or not the steel industry returns to the basing point system. . On Oct. 4- the Sixth Circu.t Court of Appeals rendered a favorable opinion in the company's royalty litigation upholding the decision of the $2,051,750 ;_*_-■ * two May Department Stores Co.—Definitive Debs. Ready— Chase w.th respect This competitive advantage products. 76,389 $2,470,635 of investments, $70,823; payable for employees' Federal taxes withheld, $1,259; provision security taxes, $388; net assets (equivalent to $24.98 per available increases, however, for models." $35,110; Definitive steel table-model screen receiver their manufacture and materials for steel raw large $672,187; debt A the lork tele¬ in our estimation, will be, therefore, we are planning sales; Stcllncr, Vice-President in charge ef home radios and' receivers, has just announced that Motorola's 50,000th VT71 produced. "Tne comparative shortage of 10-inch cathode* ray tubes," he said, "has hampered full-scale production of Motorola's, been established at " 88,457 ■ p. , products to substantial freight advan¬ give the company a large mills located outside of this tage over the 1947 77,713 investments on will Cor¬ With $40,000,00 worth of of radios, set of time. some been portionment 1947. —V. their finished will area will Its June, $37,875 loss 8,388,828 shares of remaining* Finance home of television we for the present- H. buildings purchases 168, reoeiveis television, our availability filling television next 98,325 sha e for v of in . __*x._ net investments social for by the with able to approach include marketing volume volume. Walter $2,216,596 period***. declared shares, interested "-•< production is work the . ; LIABILITIES—Dividend the of The affected smaller Hilp, & "1948 — provision 3 Mos. End. the of by • *_*_ for The for cost completed be ___ realized Negotlat ons are being completed with scrap dealers for an adequate supply of raw material for the company's new electric furnaces. Utili¬ scrap to : gain of $381,551 in zation local Barrett cost for Federal income tax purposes, $169,957,690), $201,625,911; U. S. ti'easury bills due Oct. 7, 1948 at cost plus discount earned, $2,9.19,502; cash in banks, demand deposits, $7,487,395; receiv¬ the by plans for 1949 sets. Motorola's of stepped up commensurate television part is program. will net be we production this year." its $167,22.),147; be subject to suitable maximum to of $2,646,672 ASSETS—Investments at which, it is believed, can be one of the usual stipu¬ future dividends earnings Calif., Sept.*30— BALANCE be expected lenders requires that after of estimated „__•*_*_ related indebtedness notes... "Our 165,. office Income electirc repayment Reconstruction ten-year 4first a difficulty. mortgage the Ukiali, at expected compensation therefore Occober, 1945, to finance Us. The funds required for the new from Motorola Vice-President in charge out, "Although.we have maximum a tubes, for pointed feci. 300 NOTE—Company of to ray a construction for contract :■ expenses "Before is estimated First, production demand Both disclosed.—V, not was continued: cathode this Spring Co. of New York. price the p.ant The building, to "Surplus in second borrowed program the approval ten-year-4"r. being the thout w lations of awarded • by is in The that announced manuiacturing unit, tempering plant and warehouse. length wi 1 be 1,000 leet, with the width varying from approx¬ Dividends pur¬ tons operation being obtained from two sources. making ava lable $8,000,000, wh ch are ev.denced retirement program. has manufacturing dends and 60-ton program completed company secured it Merrill 23 the "Net furnace 30,000 are $10,500,000 poration the year which Nov. on has Other for of term President, $900,000. Trustees' will commence in operations will be plant new four approximately of Mr. Galvin i Harbor, furnaces completion upon capacity complete year. ten-year undertaking appointment, the Prestdent organizational, and expansion set one-story net a for 2Va years assistant to Elmer Wavering, Motorola's auto radio division. of $2.36 $0.45 „_*_ the co-founder of Galvin Manufacturing Co., forerunner Robert W. Ga'vin has been a director since 1945 and was Motorola, Inc. The Three Months Ended Total income at $18,500,000. In of $353,601 , Massachusetts Investors Trust—Earnings- tne The plant whicn furnaces, soaking mill. Administration the for combined a ingots and middle of $67,628 which building, of frame construction, 92 by 40 feet, being erected under a separate contract, which went to Frank M. Crane, of Ukiah.—V. 168, pp. 2121 and 347. the Detroit of land on steel consist and Assets constructed doubled January $242,176 V. Galvin, President, on Nov. 20 announced the appointment his son,-Robert W, Galvin, to the post of Executive Vice-President has been vacant since 1944, following the death of Joseph E. of is longer be de¬ no 685,010 $0.31 $0.48 * 1686. Motorola A - Ind., during the latter, stages of the war which is being dismantled and moved to Trenton. The melting capacity of this plant is being more than 70,609 materials. raw our tract 210-acre a will that we so $210,431 698,800 *, ***** Motorola, Inc.—New Executive Vice-President— $424,210 107,850 shares) Francisco. which program $333,424 wa-s Wolfson, factory house Trenton, Mich., which contains all of mill, blooming chased $175,478 52,945 $79,837 E. of overall <• for also result in will capacity and facilities has purchased $18,500,000 1948—8 Mos.—1947 $54,868 ***** outstanding share radio "The corresponding and $5,485,244 brought major expansion a the large steel companies for upon company are Spend on present our River deep-water we $295,121 87,405 *___ corporation San excess » Ex¬ pansion—Output to Be Doubled—Program Financed by Customers and RFC—Donald B. McLouth, President, in a letter to stockholders dated Oct. 21 said jn part: company 166, vision This 648. p. McLouth-"Steel complete $167,242 (150,000 hardboaru fixed assets the corresponding date expansion have plant compared w.ui $9;t49,oOO on as year.—V. more 224,896 168, p. 1364. imately •Investments will $199,314 130,440 Masonite Corp.—To Build New Plant— • rfespect.vely. This $45,038 147,479 shares somewhat other for current assets were $10,518,101, against including reserves for Federal and 1948 30, 1 abilities figures , $147,642 1317. of NOTE—At to p. company has acquired the E. R. lirms make automobile springs. purposes. last —V. 108,248 income Howard $2,552,763 522,998 84.83 $1,572,209 610,165 $2,58 522,998 610,165 80.70 providing current 132,588 sition— $763,330 $424,509 profit Profit Cr20.302 Maremont Automotive Products, Inc., Chicago—Acqui¬ p. No. 101,732 $58,993 _*___: deductions stock —V. 1948—9 Mos.—1947 $26,470,707 $24,843,1244 I,lv9,i87 2,544,769 4,0b8,61:j 436,457 972,560 1,515,847 722,910 for per Earns, pgr share of cap. 1948—3 Mos.—1947 $8,767,285 $8,380,883 be.ore Net Earnings Galvin, who Net loan (& Subs.)—Earnings— sp.ies Prov. Capital 95,851 new Period End. Sept. 30— Profit 94,897 1147. McCall Corp. Net 115,668 113,820 nothing to $4,000,000; trom $4,000,000-from proceeds will be used to pay off $3,500,000 of short-term bank and the remainder will be added to working capital.—V. 168, notes 72,667 74,276 Cr710 income Income net pp. 91,446 income* oper. income 7 Paul to increase tne incurred in ordinary course that than $78,259 88,034 income taxes- 1948—Month—1947 taxes 30, indebtedness of $5,500,000; mortgage than .3%'.® more The Nov. on indebtedness, (other authorized accruals res. taxes Utility 1920, Period End. Aug. 31— Net before after income - Lukens Steel Co.—Private The (2227) Mississippi Valley Barge Line Co.—Earnings— 1948—12 Mos.—1947 $1,269,983 Retirement $2,620 $2,348 1948—9 Mos.—1947 revenues General Loss for CHRONICLE Operating expenses 4 *-,-*— 175 _ Period End. Sept. 30- $2,727 ■ COMMERCIALFINANCIAL Maine Public Service Co.-—Earnings— 1945 1946 $2,432 194V S3,060 interest.*— Interest Taxes THE 4755 Number $2,973,843 Net paid for the first-half of the year indicates a total per share for 1948 compared with 39 cents paid In . assets value per at Oct. 31, 1948 $17,237,000, and $9.11.- totaled share outstanding was the net asset THE 8- (2228) INCOME STATEMENT COMPARATIVE Nine Months Ended $518,620 68,185 5,237 4,225 $529,430 $446,209 328,031 299,992 $201,339 1,902,394 $0.28 $146,217 1,804,673 $0.25 30— _. ,_ - Expenses General taxes ; income "Net _ _— - _ dividends The directors CHRONICLE' FINANCIAL & New York Air Brake 1947 1948 $605,961 71,294 Sept. Cash dividends COMMERCIAL amounted to Co.—$1 Special Dividend— the same for 1947,—V. as declared 23 special a stockholders, Herbert C. Freeman, President, explains that the reduction in corporate net income for both periods was due to the fact that during the preceding 12 months and three months have which Capital shares outstanding. Earnings share___ per 'Before $117,189 realized net gain of $628,356 Investments on The either BALANCE SEPT. SHEET, $13,338,000.—V. at $13,095,- U. income 8. Net ry. Net taxes income income—. oper. 466,957 1,046,248 896,690 1,765,975 — 5.2% payable, $8,008; accrued taxes, $12,413; $10,558; net assets applicable to 1,902,394 outstand¬ 'Includes V. 168, (equivalent to $8.60 per share), $16,370,286; total, $16,401,264.—V. 168. p. 1257. adjustment of railroad history. last Nov. declared the directors 19, year-end extra a New York Power & Federal per share and the regular quarterly dividend of $1 per share on the capital stock, both payable Dec. 14 to holders of record Nov. 30. This brings total payments in 1948 to $5 per share, as against $4 In 1947. In addition, holders stock dividend Was declared, payable Dec, 30, 1948.—V. 1C8, p. 1801. 10% a record of Nov. Other Other inch diameter. in discussing operation the the of 1948 in and said and Net tube3 The company will expend and equipment, for the Hatboro The Ihtee Hatboro plant, and in with services.—V. of area an is & 70,000 equipped with fh<8 with hew a together company, both bon 11 share new a share with Nos. coupons will receive the and certificate frs. of with (attached, of Nestle Alimentana Co. December, 1947, the corporation adopted the name of the latter. *Tfte new the shares, the former like Stock Swiss Exchange Co., If 100 par value, Nestle Alimentana new Co. Net and Nestle Alimentana will (8. A.) New Unilac Nestle and its Alimentana branches.—V. 166, p. 946,236 $1,015,055 2,023 $933,932 shares at 717.432 20, 767,225 reported 1947 30. revenues above the for City the corporation's the ended year New York system in of distribution Sept, acquired 30, by Flatbu^h, 1948. which of 15,803,329 ended kwh. Nov. Gas 01 is output 22,758,000 for the 19, is This production of 15,833,303 Period End.' Operating Sept. 30— 1948—9 Mos.—1947 and income Canadian N. State taxes corresponding week Operating 71,943,328 8,228,200 10,995,200 451,820 434,01G 604,235 613,985 chge. 1,421,455 1,319,268 <1,906,592 1,820,563 13,039,762 12,122,985 17,088,421 16,002,176 Crll6,728 Crl23,885 Crl31,587 Crl50.G93 reserve income income Gross 19,116,824 21,178,443 Dr33,829 Dr48,808 13,712 131,169 16,356,134 19,068,016 25,696,798 4,111,223 4,616,623 21,192,155 5,662,242 2,157,015 2,157,015 2,876,020 J——— _____ 25,565,629 this Association reports electric output of 29,974 kwh., or 0.19% below the corresponding week a wear ago. T2Lfonths Ended year a 6,536,383 from pthefr deductions company 2,383,567 $4,102,100 174,596 from Federal return income—subsidiaries—_ income—Assoc. Income taxes from filing of to 1,593,057- Other *Of taxes other deductions from Provision for Federal separate 552,939 $1,650,672 taxes taxes (on 1 238 844 basis income income 184,190 80,899 —V. i68, p. filing of consol. tax return $1,719,381 in June and close of ^1,530,558 2122. and who J-a£ t€02. stockholders of record Nov. *19. will total -$4.25 . • ;. 75 . / per share, • &$ against $4.50 in ' record share, . , - 168 - and surplus (pro forma). INCOME Expenses Other STATEMENTS Sept. 30, 1948— "Before ♦After 133,030 $11,085,950 $13,161,047 _—_— : 886.276 886,276 490,000 600,000 76,437 bank loan 1 notes— 76,437 30,740 — 30,740 I • ■ Pro forma net Income per ♦Giving Co. Power Co., 30, before the Power & North liquidation income common American of Included is for .'+$1.35 Light North & Power American the Light ended quarter Light Co. Securities slocks common in order such on has it to the of the Power & certain technical these companies approved common by did the that in dividends Sept. Securities the last for the and Co. 1948. and for declare not 30. Hie Exchange of 1948 fourth quarter third and 1948. • EARNINGS - Light requirements ended quarter intention companies will declare quarters meet returns, for been is Kansas of Pending the disposition of an application -Exchange Commission to reclassify their tax stocks now and stocks and consolidated of application u." $1.12 to dividend no $9,602,497 $11,567,594 _ liquidation of on dividends the the effect 1948 the filing to giving — share common effect tAfter Sept. OF NORTH AMERICAN 1948—3 Mos.—1947 Income dividends ___2— Interest Total income Federal Int. . $2,852,931 CO. 1948—12 Mos.—1947 $3,964,462 $12,795,452 $18,477,614 39,190 29,065 133,030 77,869 $2,892,121 _______ $3,993,527 $12,928,482 313,555,483 172,681 886.276 1,176,012 180,000 573,000 702,000 38,433 94,593 196,707 8,586 tax 225,288 123,000 18,774 income 15,233 39,310 484,197 $3,534,573 $11,335,303 $15,996,567 taxes bank loan on Net 2,424,025 10,109.868 CO.) 133,030 — income tax on $1.85 (NORTH AMERICAN $10,952,920 $13,028,017 taxes Interest $15,877,757 1 share_ income notes $2,569,080 _____ Earns, per com. 13,380,370 —V. 168, share— * $0.30 $0.41 $1.32 $1.87 1802. p. for . the The . first ten months required to finance company is inviting bids for the purchase from it of 56.000,000 debentures, dated Nov. 1, 1948, due May 1. 1966-69. be received by the company, in care of Messrs. Pam, Hurd & Reichmann, 231 South LaSalle St., Chicago 4, 111., up to 11 a.m. (CST), Nov. 29.—V. 168, p. 2123. serial Bids will working Northern States Power Co. dividends December, last An making year, $1 of 1947. a each total on June of 25 extra cents $2.25 of for Electric totaled purchased the of in that to Cedar In 1941 time Rapids, commenting anticipated this company kwh. (Del.)—Weekly Output— for compared as corresponding week last year, an the Period End. interest executive Operatfng Sept. 30— the week ended with 62,031,000 increase of 6.8%.—V. (Minn.) 1948- -9 Mos.—1947 revenues— Operation $50,292 199 (& Nov. 20, kwh. ' 1948, for the 168. p. 2123. Subs.)—Earns. 1948—12 Mos.—1947 Cave, N. Y., has four Hagerstown, plants Md.; located at Berkley, and $45,351,840 $66,674,162 $60,126,708 until he Northwest Sept. 30, Linseed 1947, connected was Co., when with Minneapolis, he sold Honeymead the its as company. Products Co., 22,238 390 17,972,798 29,793,590 Maintenance 3,029 867 2,764,730 4,089,398 4,815 ,000 4.398,750 6,281,250 5.723,750 5,722 165 5,015,009 7,565,742 6.640,734 4,553 ,425 4.693,950 5,867,175 6,384,050 506,775 601,525 724,075 $9,999,828 $12,475,483 $13,365,591 (other than Taxes Federal income inc.) taxes income taxes State 487 000 23.728,959 3,559,549 Iowa. on his no changes in Co., members he Net the present management of North American Other new connection, Mr. Andreas said that operating income income $9,446,352 (net) 209,650 191,190 283,662 263,171 Co. Cohu & of the New York Stock Exchange, handled transaction. - • Income COMPARATIVE EARNINGS STATEMENT 1946 $705,908 $235,965 $154,525 American Speeds Expansion— depletion tLoss.—V, and interest, 168, p. Co.—Company t$232,127 allowing for 1366. deductions divs. and Net minor- 42,153 Pfd. income divs., $3.60 series— divs., $4.80 series (issued Common Nets $10,191,017 $12,759,145 S13.628.762 2,329,081 2,802,135 3,158,590 3.690,564 42,153 56,205 56,205 $7,284,765 742,500 $7,346,728 $9,544,349 $9,881,992 742,500 990,000 990,000 1945 Pfd. but $9,656,001 ity interest 1948 depreciation, •_ - 1948 profit taxes, income Gross Subsid. ♦Net of Northern States Power Co. controlling Chairman output 66,267,000 $1.32 Share— —V. ' For the 12 months ended Sept. 30, 1948, corporate: net income of the Aug., 19481— dividends 168, p. 117,333 117,333 4,644,933 .• 4,222,666 6,052,489 5.622,667 1696, company amounted to Northwestern Belt Telepltone Co.—Registrar—* pared Payments 1947—V cash Nov. 18 was elected director. The company Howes operated from North cents slock, payable Dec.- 24 to holders of C0.mp^ny,:^i!L pay * divid^d of $1 per ccnts^ to i piUs & special of 50 lb -1948 of for on a Y.; Andreas ♦After dividend operations recently profits on bonds purchased. year-end 2,475,345 Depreciation . Nfew Jersey Zinc Co.—75-Cent Year-End Dividend— a dividends common common The-Guaranty Trust Co. $11,335,000, equal to $L32 a common share,-com¬ with corporate net income of $13,997:000, or $1.87 a common share, for the 12 months ended Sent. 30. 1947. Corporate net income for the three- months ended Sept. 30, 1948 >• , -- and paying agent for due Nov. 15, • an 1973.—V. of New York has 4 been- appointed, registrar issue of $60,000,000 31-year 3&%r debentures, 168, p. 2123. , 4.734,592 . subsidiaries— , 1359. p. 27,682 $1,753,938 N<:*- 24 declared 10,116,359 semi-annual 12 Mos. End. Sept. 30— surplus ' - 2,424,025 ' i W. Va. $1,502,877 34,558 need paid Andreas, N. Cement 105,849 company's the compny, committee Prior 1947 $3,006,809 218,357 797 447 inc. had at 166, M. this the to paid President 1948 Fed. 1.840,199 184,003 Income Federal North American Cement Co.—New Control— Mr. $2,841,033 than return) ^Tgjet income from — Credit resulting balance also Albert EARNINGS OF COMPANY ONLY and 480,000 year, the directors have decided not to take any on the dividends ordinarily payable on or about was taken in view of the uncertainties that lie increased and year, Catskill, 12 Months. Ended Oct. 31— Total income Expenses this in $1,967,643 $21,431,498 $23,271,697 ________—^ Total capital improvements. company 1947.—V. $1,097,733 488,748 surplus—*. step and was consolidated indome tax return time the inevntories 1 238 844 1,462,597 this and 25, the fiscal This at 24. ahead (separate basis) - 8,269,877 reviewing current action 347,062 $1,478,896 resulting fealance After of the $4,276,696 257,333 797,447 only .Net income Credit 1,872,899 $3,996,273 deductions J_„ 168, p. S46. The Tdtal income 1,818,019 - i • , 1.818,019 * Nonquitt Mills Co.—Omits Dividend— 1,663,476 1,719,045 2,581,092 121,171 Other income for 2,071,949 > 10,050,127 reserves Northern Natural Gas Co.—Bids for Bonds— 1,480,541 Dec. Operating income Provision —V. 16,284,395 120,000 Hudson ___— - 9,898,828 Income dividends Interest 12,513,957 1,725,292 $3,875,103 ______ PfbV. for retirements of prop., plant, and equip. PfbV. for taxes other than Fed. Income taxes— 360,000 1947 16,247,387 __ 12,653,893 stk. Corp. — revenues PRO FORMA Otlwr , $28,219,868 $24,016,538 j. Afaintenance Othet Niagara Balance and steam purchased gas of pfd. on •* 1948 12,294,378 subsid.— a requir. l_ — . in¬ net ACCOUNT expenses PoWer, Div. Power revenues Operating by come 10,087,696 of 3.266,610 8,748,397 — taxes Expenses income ' ago. INCOME Oct. 31— Operating Net Reservation j 61,961,064 , — Period End. Sept. 20— . ___ 1948 revenues Balance for 2,876,020 — income STATEMENT 30, income Commission 16,389,963 ___ requiremts. on pfd. stocks of subsids. Association—Output— for CONSOLIDATED operating Missouri 87,400,007 8,449,000 taxes. water SEPT. __. Interest charges (net) Preferred dividends of & 54,128,899 appropriation Other 126,790,188 6,389,500 — Emerg. diversion Zurich, 136,274,311 95,447,107 $ 65,140,605 ____ taxes income Y. Other Mcnt- $ maintenance depreciation Federal • reported at 189,019,000 cu. ft., This is a decrease ft. or 10.75% below production of 211,777,000 cu. ft. cu. Net Earnings 1948—12 Mo?.—1947 Sj> 102,716,377 revenues Operation, decrease a kwh. the operating amounting to $864,281 are included In the consolidated reported for the year ended Sept, 30, 1947.—V. 168, p. 849. Income deductions week of As condemnation for Niagara Hudson Power Corp. (& Subs.)—Earnings are INCOME ENDED $257,450 Div. Ftfr the CONSOLIDATED MONTHS income for Non-operating 759,628 $171,707 acquired revenues 2313. New England Gas & Electric Provisions resulting from operating loss carry-back 1.948 . Sept, 30 approximated $12,912,000- on —. 12 Months Ended July This represents the company's only Bank balances and short-term $120,356,524 expenses Maintenance 1947. of * re¬ bringing quarter, revenues Earnings per June and Banque Cantonale de FORMA third the further Other deductions $20,174 within well are were $1,017,078 $134,386 of Co., ; Power 131,900 Dr7,304 deductions • near (Including North American Light & Power Co. and Subsidiaries) Operating Operating 19,322 75,500 $851,819 —_r—_" credit Kansas 101,343 89,513- _ $ Fribourg, Fribourg, and its agencies; Du Pasquier, Co., Neuchatel, Darier & Co., Geneva. 93,994 18,882 property in the City by condemnation and earnings from such property ceased on passing of title. Operating revenues of the Nor¬ wich property amounting to $70,280 are included in the consolidated and shares bonds held Appropriations for depreciation *38,926 — during Taxes, other than income taxes „ & of half the stock. common 161,770 242, T98 $762,306 was only be good delivery by the corresponding accompanied its to 381,065 Crl,605 income revenues shares, senior 152.194 220,000 , Light American Co. North $195,000 389,018 ,. 9,895 - corporation's acquired < American in Co. . of 145,000 - , taxes- Norwich of following de new 1,392,681 Light companies through 1949 our 327,848 taxes..;— —— 'Includes Bank Corp., London, England; Credit Commercial de France, France; and In Switzerland at: Credit Suisse, Zurich, add its branches; Socicte de Banque Suisse, Basle and its branches; Union de Bantjues Suisses, Zurich, and its branches; Banque Cantonale Vaudoise, Lausanne, and its agencies; Banque Cantonale de Berne, Berne, and its branthes; Banque Cantonale Zougoise, Zoug, and its branches; Banque Also $3,443,728 1,374,942 162,400 earnings Income Parts, fnollift & $3,270,765 1,008,163 first the in furnished to The & American Co., depending upon whether this is done liquidation of Light & Power. The requirements amount PRO 1946 $2,520,412 income Total Swiss l'Etat 1947 65,875 income Other together with 11 the Government ■ Missouri of Power North parent. the total to $1,757,000 on Sept. 30. Gross of Unilac, Inc. shares will be issued upon delivery of the old stock at any of the following banks: Guaranty Trust Co. of New York, N. Y.; Credit Suisse, New York agency, New York; Swiss Bank Corp., New York agency, New York; de 1948 taxes stock Federal A.). Uiiilac, Inc. shares bearing the same numbers. also ready for exchange for the old shares. the Nos, (& Sub.)—Earnings— taxes NOTE—As value par Co. Missouri capital of all of in . , security for 100 duced $5,890,132 $4,871,746 . — Capital have ability to finance." .. taxes—. Excise Ltd. —Name frs. of coupons (S, Til on $4,726,371 _ Social corresponding bon d'amortissement, following attached, the shareholders certificate d'amortissement, both 2663. Depreciation is set on sewer and gus power, Holding Ranged—Exchange of Shares— old $3,804,138 property - Coal Company third quarter of the after or senior their their North the by or for 1,477,341 , feet, square Anglo-Swiss In exchange for each 1,429,179 _ Real and 8.1% were Kentucky over the equity capital will be and Co. by either future, $7,367,472 1,091,448 Operating revenues Operation Net Nestle $e,310,525 1,064,892 industry." our completely 167, p. 1047. acies ,$5,817,819 ____ income Maintenance company leading position a $4,869,030 — Years Ended Sept. 30— iiifeUf tubes, including receiving tubes, television tubes, special purpose tubes and cathode ray tubas. Coupled with the continued expansion of our Electronic research division, this new plant will enable us to lorge to Dr26,883 deductions p. customers assure Electric Union of additional Light —12 "Acquisition of this plant," Mr. Meinken continued, "marks another the company's planned expansion program. When this unit ift full operation, the company will produce a completely rounded .:hekd $4,895,913. New York Water Service Corp. r-ttfp in is Drl5,487 3,392,935 ___ Income —V.' 166, estimate an the Dr32,739 2.172,060 ahd capital of more than two million sets next year, he would turn out approximately 200,000 tubes in upwards of 500,000 tubes the following year. that Drll,953 2,341.000 income Income plant, Mr. Meinken pointed out that the corporation will use straight-line exhaust methods lot jiroduetion of all its tubes, including the 10 Inch, 12 inch and 16 inch sizes. Based on an indicated production of 800,000 television sets 1949 $7,382,960 1,813,000 plant $1,500,000 for the installation of machinery production of these tubes, Mr, Meinken said. in 4,530,787 $6,343,664 23,377,290 taxes— income Gross Meinkcn, President, announces the purchase of a in Natboro, Pa., for the production of all types of cathode ray including 20 to programs Outstanding bank leans of the C. u|> to and 3,107,559 $5,829,772 14,230,649 Some Power 19,239,635 2,886.000 4,122,083 17,533.737 before 17 to companies operating stock 1949. $33,630,678 deprec. & taxes utility expansion common 194e—12 Mos.—1947 $25,508,980 $36,429,741 $27,635,585 Operating income National Union Radio Corp.—Acquires Plant— Kenneth na'.nt. Oper., $1 an continued aggressively with their service areas of adequate demands for electric power." Mr. Freeman states. "North American proposes, subject to approval of the Securities and Exchange Commission, to invest $5,000,000 in additional Light Corp.—Earnings— 1948— 9 Mos.—1947 Operating revenues of industrial of coal by West increase of 14.3% Sales 1,729,718 tons, capacity to meet steadily increasing Period End. Sept. 30— dividend present year. their ing shares of capital stock National Steel Corp.—Extra in Cash and Stock— of electricity by sales quarter and commercial to respectively. , totaled 1906. p, Pro forma corporate earnings, on the $1.35 a common share. or companies totaled 1.4 billion kilowatt hours, an Increase of a year ago and an all-time record for any quarter in their Sales of electricity to residential users were 10.5'higher, sales while 2.7% tax.— Insurance unemployment 12 RECORD—Third SET over "Our Liabilities—Accounts the for basis, were $11,568,000, operating 3,843,563 4,511,355 8,061,871 6,342,702 7,306,500 *3.984,754 13,879,751 12,656,029 484,500 396,631 1,764,562 accruals. tax ry. 1,240,500 „ liquidation of Light & Power, pro North American Co. and present months ended Sept. 30, 1948 was $15,878,000, pending the to equal to $1.85 a common share. $8,446,067 $90,756,932 $75,556,207 $9,833,944 income receivable for securities sold, $56,769; receivable for capital stock sold, «li,730; total, $16,401,264. Oft effect subsidiaries 168, 1948—10 Mos.—1947 1948—Month—1947 Period End. Oct. 31— (cost Other expenses, estimated equipment Light & American forma" consolidated net income of The York, Chicago & St. Louis RR.—Earnings— 023), $15,718,045; cash in banks, $560,716; dividends receivable, $54,004; accrued of cost Giving the purchase of asked to name will finance up same New 1948 30, market value securities—at in for 9 SALES Gross ASSETS—Investments Dec. to up 15-year or the bids certificates. Bidders are serial maturities. Proceeds trust distribution to stockholders. No Power Company is included in for the most part by North from foregoing results. the 1365. p. NOTE—No provision has been made for Federal income tax because fhte corporation has elected to be taxed as a regulated investment Odinpany. of RR.—Equipment Trust Issue— receive equipment 10-year 75% to 1947. in will company $9,720,000 and 1948 In New York Central since Act, Company , American derived income from substantial investments been disposed of under the Public Utility Holding North periods 168, p. 1696. income ♦Surplus for period share, compared with $3,535,000, or $2,569,000, or 30c .a 41lnahisareportyetor dividend of 50 cents per share on the no par value common stock, payable Dec. 17 to holders of record Dec. 3. Including the regular quarterly payment of 50 cents per share, previously declared, payable Dec. 1 to holders of record Nov. 15, dividends for 1948 will amount to $3.50 per share, Nov. on Monday, November 29, 1948- - t Volume 16# Number 4755 Northwestern Public Period End. Sept. 30— Operating Net in $4,632,665 4,461,296 3,790,770 $191,706 Other income $149,434 $918,359 $841,894 61 123 274 1.109 — securities, "Gross income and other -V. 108, $149,557 $918,633 43,320 169,770 $106,237 $748,863 $670,877 tized Period End. Sept. 30— Reserve for <& Subs.)- -Earnings— 1948—3 Mos.—1947 $1,467,287 $542,337 236,336 126,481 594,648 219,937 8349,060 $183,679 $872,639 746. p. 796,287 796,287 $ 796,287 Gross operating Provision $0.44 $0.23 $1.10 $0.41 oper. deprec. revenue Prov, Amortiz. of pit: adjustments income Amortiz. of 642,753 __T) (3,731,091 diset., Bond interest 'Special 4,844.432 $701,503 $9,460,353 $9,680,416 163,772 $2,018,440 The 379,939 65,464 ' Dividends 372.462 Cr220,303 class B •31,651 • Cr772 . $509,174 §501,852 80,538 80,538 $421,3.13 stock—*— of declared payable cents Dec. to 17 Nov. paid dividend a holders and 1 COMPARATIVE Period End. Sept. 30— 966,469 $6,242,163 B in outf.tdg... of on Earns, per el. A share- per cl. B thare. After current charges assets after and $2 of 3. With May on share, per the 1 and now 1948—12 Mos.—1947 $676,772 56,300 198,891 198,891 $2.88 ' ' $0.67 *• 198,891 ■ $16.19 $12.02 • $4.01 B Current liabilities $3,145,506, '•■After 34,595,441 10,533,720 1948, $1,509,291, were of to 3-0 1948 " 1. shared outstandings...... A and B share.. Months ' Interest 102,218 —V. Ended Sept. 30— 144, $1.35 p. 460. - • . . in mortgage York, 1947 $99,908 19.760 sales of securities based, Nov.. 23 106,593 10,305 12,203 $118,506 $140,338 Balance to 8,430,857 ' >. 8,430,855 •Includes income ort Capital shares outHtandingi_-__ii__j__.i. ''Earnings per share—.J—I—*!—net profit sale on of '-141,151 ——; fofr directois' compensation, ' * 141,151 contingent provision $0.35" — 1 NOTE—Company files fore as '-regulated investment company" and provision has been made for Federal income taxes. no BALANCE ASSETS—Cash and interest), $11,413; SHEET, (including $17,500 $28,037: securities $2,442,801; prepaid SEPT. interest (cost $2,474,666) expenses, LIABILITIES—Collateral $339; loans 30, there¬ 1948 1802. and at debentures dividends quoted receivable, market value, total, $2,482,641. payable (quoted \ market value of securities pledged, $587,750$116,000; .due. for securities bought but not received, $7,514; sundry accounts payable and accrued expenses (including $17,500 matured debentures and interest),-$19,386; reserve' for directors' compensation for 1947, $16,195; contingent reserve for $10,305; note obligation payable to bank, due April 1, 1949, $700,000; net* assets applicable to outstanding capital shares (141,151 shares outstanding at net asset value of $11.43 per share), $1,613,241; total, $2,482,641.—V. 168, p. 1586. directors' compensation for 1948, Pacific Lighting Corp.. (& Subs.)—Earnings— 12Mos.End. Sept. 30— Gross expenses Taxe3 for Net -8,131,719 7,882,580 (net).—_ «.- debt- 2,200,930- interest of I exp. on Net net to Lighting on Divs. on => divs.'. subsidiary...;. Applicable, Divs. - N, 1 * ' GWrs Rental ' INCOME ACCOUNT 1948' ' ' $15,812,290 $15,398,336 12.472,401 11,749,513 other deductions (net) $3,643,879 1,979,488 $1,449,431 p. 1 . Court, Wilmington, Del., on share com. three as . 1,418,748 V. for 168, p. the cumulative $1.32 preferred $1,075,722 429,498 been stock. See . sole offering certificates Nov. $9,664,636 $7,370,440 1,337,374 1,337,362 1,337,370 $8,068,862 $8,327,274 $6,033,070 1.000,000 1,000,000 1,000,000 1,000,000 4,825,893 4,825.893 to in months ended contrasted wit h Certificates $2,501,381 $4.55 are to gross the revenue* totaled three sales in Operating therms— Federal enced during these three, months.-, On the other hand, with of an anvincrease was increase are a in in the reflection "of maintenance favorable for field the in construction cost these and of the repairs. to Philadelphia the under mature are by under issued guaranteed endorsement mately an by for 3,828,100 18,385,50d 9.831,100 55,702,772 25,700,15^ $3.18 $2.06 1948—2 Mos.—1947 from the of week line Co. Net r ; 5.048.473 451,411 1,273,000 • 81,932 424,769 2,819,348 10.207,084 1,667,487 "'242,331 964,203 854.161 715,100 2,422,447 2,309,836 512,562 546.322 3,373,692' 2,939,414 $1,069,840 income $1,279,472 $1,334,393 - u_. P. "Earnings per share—J_ "On 656,000 shares of NOTE—As of $1,404,731 779,935 ' 583,067 Co.- $554 458 - '• 836,472 ' • $7,041,022 income $911,664 District 2,443,954 ... 1,672,655 - Subs.)—Earnings 1948—9 Mos—1947 8 - . $ • 49,530,229 168,596,950 144,297,858 46,749,085 42,409,026 139,559,245 125,333,149( 258,122 1,128,760 825,488 : 547,847 — - and 1,105,735 974,839 *3,462,750 180,688 145,943 469,338 ' est, 99,957 taxes 40,925. 2,965,655 459,881 112,978 63,791 011 4,257,555 per 2,237,421 9,222,316 5,640,725 6,527,949 3,463,953 14,641,563 1,080,144 741,840 3,200,452 "9,009,170 2,225,490 5,447,804 2,722,113 11,441,111 6,917,722 .2,160,319 2,119,997 2,160,319 2,119,997 $3.02 $1.63 $6.78 $4.25 share of , $7.01 , . • company sales' AA—A 01a disposal from properties.—V, (& Subs.)—Earnings— 1948 ' 1947 1,474,676 $12,598,514 $9,558,952 $7,038*042 7,897,673 6,852,955 $4,700,841 —— operations—. ; $2,705,997 5,276,867: $1,761,175 _j. 14,907 6,470 $4,715,748 Administrative and general expenses Taxes, other than Fed: income taxes $2,712,467 195,543 146,715 245,354 203,288 163,487 239,276 240,058 204,020 1,440,000 750,000 425,00(t Prov. for depletion and depreciation taxes on income- contingencieSA—_ Net profit Dividends ^ declared Capital- shares -outstanding-;— _'_ •Earnings per share— _ V. ig$, p. 948. _ . . . 6,088 $1,767,263 139,072 • 125,000 , and its' other customers ' 1946 1,712,306 - Prov, for Federal Provision for j 163, _"_1A_A—_ Total- ihcome ^ of 1,707,084 . Interest income $7.49,*. past reporting practice the. statements only the accounts cf Peoples Gas Light Corp., Ogdeii Gas Co., and Universal Gas Pipeline Co., a wholly-owned subsidiary not to- the profit of „s.ales_., Income from gas $134,044 1367. *. Cost $4,916,596^ reflect consolidated, sells natural for (& gen. deductions 7 Gross 690,280 Chicago-By-Products Chicago holdings 49,414,445 168,113,558 143,927,926 115,784 483,392 369,932 0. $6,589,251 $A59$,068! $0.85 .-$1.30 capital stock outstanding. departure a consolidated Co., entire Net profit after taxes 197,686 9 Months Ended Sept. 30— Tonnage of coal produced-— ' A—'. in. oper., deprec. ."Exclusive $5,898,964 $6,204,550 215,259 264,554 deductions sold, ——a for Earnings 2,209,677, 777,133 income' and included 2012. $ 59,271,131 inc. for depletion Mific. 1,329|946 2,268,220 taxes— Net not 59,468,817 and misc. Surplus for period Capital shares outstdg._ 477,118 tax—__ Income royalties. Net profit Common dividends '270.169 — p. paid other or of 1948 includes approxi¬ Coal Co. 8,52 4 648 utility tax_ income ahd Interest 732,131 Prop, and misc. Gross 168, are company's 1948—3 Mos.—1947' amortization 549.751 ___ the oil subsidiaries revs., admin, .and expense w Prov. 756,073 ' income gasoline, 1,208,139 Federal Operating sell., Prov'. 1,233.101 „A_—_ income oper. Cost of goods 4,295,004 3,488,508 C • Int., divs. 1 435,169 Depreciation pub. " CrlOl.013 produced Operation Maintenance . of $5.20 and Engineering: Co.—Weekly Output— the , 1,101,690 purchd. gas sales, rentals RR.; 1,485,173 f ; oven - sale 4,939,890 . ended income ' of Oil and Gas Corp. $ , r $9.21 Oil Company and its Pittsburgh Consolidation 1948—9 Moii.—1947 , sales .on 6,045.255 taxes collected or for the third quarter profit ' , 4,984,950 Governments stock of Shamrock output 25,613,154 10,246,458 inter-company business State 2,500,000 31,379,863 5,443,100 Period End. Sep(. 3.0— Prov. ' 9,230,952 146,303,310 operating companies served by this corporaNov. 20, 1948, totaled 274,679,000 kwh., as compared with 24G,616,000 kwh., for the corresponding week last year, an increase of 11.4%,—V. 1.68, P. 2124. payment Pennsylvania the the 19,221,490 6,045,551 Pioneer Service & agreement to as while .V 53,118,995 220,706,473 1,225,000 3,500,000 10,274,445 A $3,056,000 Eiectric Y . and further H f approximately $2,204,000.—V. tion 160,019,453 .128,502,263 525,450,015 444,310,205 f $9,243,366 $8,446,935 $33,853,904 $30,$02,891 revenues • 1948—9 Mos.—1947 . Company and its subsidiaries consolidated earnings figures above. was Plan) are each Ndv. $529,000 annually be unconditionally gas purch. Ir. Chicago District Pipe- excep¬ gas in California, the other demands on the System and three months when the weather greater 1,500,000 and of common Natural . tion to months same Total charges for .operating expenses, taxes, and depreciation $18,629,814 for the quarter ended Sept.. 1948, as compared with $14,441,135 for the .same quarter in 1947. The gross revenues for the quarter, are h reflection of-the-fcrarm weather normally experi¬ contingencies for IV.^°rTEA^i'?sAincome the cer¬ (Including Subsidiaries Other Than Chicago District Pipcpline Co.) 1947. totaled expenses be Period End. Sept. 30—< $3.13 1948, issued are 1948, year r' Total Peoples Gas Light & Coke Co.—Earnings— $207,177 $4.39 Sept., syn¬ Mullaney, Wells & Co. certificates of principal ahd dividends —V. 168, p. 2012. r Other $2,242,969 $15,737,874 for and settle¬ 1943 77,649,505 329,674,608 209,953,721 81,129,321 ^0w^CiS'-TriEarningAof Wasatch dated Nov. 1, 1948, which will provide for the is$(iance Of $15,900,000 principal amount of certificates to be secured by new stnndard-gau'ge railroad equipment estimated to cost not less than $19,875,000. 4,825,893 $3,527,375 V" $4.45 stk. be .(to 1948 These Gas 5,067,187 - 1, 1948 years possible Subs.)—Earnings— 3 Mos.~1947 sold, of. West Edmond Oil Nov, 23 of $7,935,000 2V'2%-equipment trust 1949-1903. 30, the for $ gei>, taxes and ,'int Does not include (Inc.); Otis & Co.; Phelps, Fenn & Co.; L. F. Rothschild Co.; First of Michigan Corp.; Freeman & Co.; Wm. E. Pollock & Co., Inc.; William Blair & Co.; R. L. Day & Co.;. Hayden, Miller & Co.; The Illinois Co.; McMaster> Coke $9,406,236 and cxps. & 60,813 '5,540 of" products Average shares outstdg. Earnings per share—._ appointed ' 117,508,356 iNet" profit Other members of the offering group are R. W. Pressprich & Co.; A. G. Becker & Co. Inc.; Equitable Securi¬ Corp.; Gregory & Son, Inc:; Harris, Hall & Co. The for include 1948 costs and retirements Prov, for Fed. inc. taxes ties 1, liabilities Deplet., deprec., develop. tificates, series V, on a bid of 99.0399. The issue was immediately reoffered (subject to ICC authorization) at prices to yield from 1.50% to 2.80%, according to ma¬ turity. 1 " ■ A • : V. A ' ; - dated period ended Sept. tax company's- nrovisions taxes income Prov. 2123. Hutchinson & Co.; "and $213,053 1942 $2.50 has . income of months income The 1 64(5,000 $2.46 Y., nine company's final. 170.00Q $346,054 . 1947 and 429,498 N. 245,000 be transferred to balance of income in the rcpiainc.er Will be retained in part for unsettled oper. 637,700 Pennsylvania RR.—Equipment Trusts Offered—A dicate headed by Halsey, Stuart & Co. Inc. won 15,398 • Pacific surplus $19,322,596 11,733 Cr52,014 - the 227,331 1,932,233 . $2,217,000 applicable to the years 1942, 1943 and 1944. "With tax liabilities for 1943 end 1944 settled," it .has been-determined-that approximately $1,000,000 of this amount 1947 $1,055,398 York, F. 2,602,353. 63,445 1,965,515 _______ Phillips Petroleum Co. (& $1,721,722 — Co., New 2,535,155 — -I—, ( Period End. Sept. 30 Peninsular Telephone Co.—Registrar Appointed— Illinois stock— on Fol'. the '■ 30,127 Corp.^—A" $8,594,562 com. - of Co'st (' 1948 $1,693,098 outstanding,——. share—! Trust _i claims relating t6 the and in part as applicable to future charges. During the adjustments reflecting reduction in provisions for Federal and State, taxes for prior years resulted in increasing the balance of fneome carried to surplus for that year by $288,205. In order to avoid distortions cf comparisons these transactions have not been reflected in; this ,statement,—-'V. 168, p. 2012.- until common * became assessments 155. Bankers 446,600 $5,145,023 can -. per $4,698,303 .I——$3,973,061 A_ r__. year profit shares 1947 445,685 taxesA_i_i__. NOTE—During the 1944 ■ Leahy of the U. S. District A- of--leased' lines;_^i_. ments 2,136,836 $1,664,391 before-Federal iincome- taxes—_— Federal incomfe taxes-! Gas (8,743,772 income . $3,586,267 1,318,611 9 Months Ended June 30—* 168, 1948 -r__ Bttlance $3,552,875 33,392 $1,959,20.7 .' Earnings Subs.)—Earnings $3,527,376 Provlsioii for ineoine 10,336,573 Dr4,944 $3,340,818 —V. (& income $13,889,'44$ $3,648,823 929 r 1946 " $3,339,889 ;,.■• Co. $49,380,308 $46,197,523 45,852,932 -41,499,160 Miscellaneous deductions Interest on funded debt •; 1947 Profit 342,127 1,403,755 397,660 $10,931,930 1,337,368 pfd. stock'— i Balance 20,749 160,083 debt; before 1,566,419 55,005 .72,000 l_ $99,271 $182,911 income from terminal building.—V. 168, p. 948. •" gross Operating "Gross $8,4oi,645 255,860 & prem. funded inc. of 213,550 • 19,451,579 7,904,790 $12,997,655 $10,586,203 $11,028,108 funded on 113,387 chgd. to coastr., Cr Amort, in 8,767,784 income Interest Other 14,549,359 revenue—$12,884,268 $10*372,662 $10,772,248 income Total Per 1945 14,172,066 retirements opef. Other Divs. 1946 -- 14,897,261 Prov. Int. 1947 - $94,028,355 $74,891,516 $65,061,854 $65,113,698 55,479,022 42,215,077' 31,857,667 29,355,684 oper.- revenue.... Operating -1948 - 8,438 72,000 Noh-opeiating income _ deposit for matured on accrued owned $0.32 " - 12,183 Philadelphia Transportation Parker Rust-Proof Co.- -Earnings— award investments-and stock. stock;. Nine1 Months Ended Sept. 30— Operating revenues 1 Operatirig expenses and taxes arising from series, due July 1; 1977, are Guaranty Trust Co. Of New York, Y„ in exchange for outstanding tem¬ deductions——_ • $263,349 surplus 4,470,426 p. 2,129 177,964 ; $183,458 ----- 25,423,829 the : income —A—' 24,796,746 -3,539,257 takes 86,601 3,336* the revenues- extended registrar 73,829 ___r 89,995 124,928 common Dec. 1 a temporary restraining order enjoining this company from paying its stockholders a dividend of 810,000-shares of. capital stock of Hugoton Production Co.- (Kansas). The order had The cost —— ,78.649 $530,043 expense preferred 3,397,972 income $45,943 Contingent provision lor directors' compensation on charges and 12,522,'548 <net)_ Judge Paul 20,108 33,854 17,127 * a- ; 98,591 taxes on 12,326,632 ' 168,"p. 2123. 2,362* $451,395 $401,718 income^ Dividends bonds, 3'Aft- at Sept. 30— revenue Common 1948 . ... general taxes—_ Net profit from '■Before 116,601 $303,12(7 Dividends'on 8,510,742 Federal COMPARATIVE operating Net $86,859 . .. . expenses income 110,114- 2,543 . 1 gross year 102,218 -' — $49,973 Net 482,999 105,317 136,017 ; 5,881,532 14,409,737 ; Net -income $133,224 investments Expenses and 489,509 u 10,201,948 1947 $295,024 $2.88 w charges and Federal taxes'.—V. from 1,488,336 _ !_ 26,318,451 revenues Interest and were Overseas Securities Co., Inc.—Earnings Nine ! 9,798,695 . —_—. Income 1947 $2,651,fe02 1,669,563 A! diScbunt Net originally" been issued on Nov. 13. A hearing on the application for a preliminary injunction had been 'scheduled for Nov. 23 but was postponed to Dec. 1.—V. 168, p. 2123. !' Co.—Earnings 1948 $2,706,077 41,507,309 , $2.83 30, ratio a class per Debt Panhandle Eastern Pipe Line Co.—Stay Extended— Sept, of as isA-J and Earnings Transportation Sept. 30— - earnings Interest ■> stock..;. delivery' . Gross for'taxes. reserves 6 Months Ended June 30— profit 36,852,171 other • reductions for f Net 56,300 Osgood Co.—Earnings— Class A to first ready Operating Operating com¬ $911,754 reserve deducting Dec. each the on 167, p. 2364. ■"Net 442,715 refunding operations, etc.—V. 168, . 56,300 $4,654,797 including $1,210,940 cash. resulting in net current, assets of —V. revenue- Net ACCOUNT $1.03 * Subtirbail "Other income 41,064,594 303,868 ___ •12 Months End. $162,195. $'4.34 Current 34,291,573 431,397 1 common Other income 198,891 Earns. share per record cents 1948 56.300 cutstdg.J*. fhrs. $1 of 25 INCOME $244,584. shrs. A Class Philadelphia Pacific PeWer & Light €6.—Definitive Bonds Ready— 966.469 $6,315,808 . 1948-1-3 Mos.—1947 "Net profit Class 36,420,774 discount. & Broadway, New porary bonds.- * 2, this makes total payments with $1.50 in 1947. pared electric-output of this company for the week ended Nov, 20, to 151,076,000 kwh.," an increase of 5,300*000 kwh.' the corresponding week of last year.—V, 168, p, 2123'. amounted 31,404,729 35,093,661- '* ; • Nine Moxitfis Ended 65,918,834 35,641,937 accounts 3.6ipover Gross 25,419,056 i— 140 have 50 87,197,875 Th:j the clearly prrtray 1697. p. Otper charges -22,983,167 Li c. & "Equivalent bond $7,20^632 .$7,282,277; 1602. stock, dividend Aug. . $ 22,473,390 Balance surplus 31,623 Cr35,C32 directors $ 104,922,363 Net income transferred to surplus Dividends on preferred stock Oliver United Filters, Inc.—$1 Class B Dividend—; - investment. because more Operating taxes ; Depreeiatioh '——I A—! exps._ revenues charges Definitive p. or 2,033,858 $428,636 168, 1948 j Income • Balance —V. will 3,183.792 171,740 expense... pid. on operating Gross income 966.720 $676,905 ... debtl income Divs. 622,577 966,720 (4,702,461 deductions Net The , '1946 amortiz. and income deductions 80,560 taxes.:.} debt and prem. gen. Miscellaneous income 19 48—12 Mos.—-1947. . 80,560 : Gross income. Int. on' long-term Other , $3,470,208 $45.422,liG 541,714,617 22,989,585.> 19,716,187 2,026,428,'. 3,787,152 ,• 278,416 304,073 3,571,905 3,323,070 acquis. taxes Federal Net -1948—.Month—1947 depreciation.. General its on consolidated Philadelphia Electric Cfr.^Weekly Output— $3,730,720 i expenses fcr 168, T6tal Co,—Earnings— Period End. Sept, ,30— for and (inci. Federal income taxes— Taxes Operating ' not exclusion 198,910,188 180,114,552 163,805,213 revenues Maintenance, " r, Ohio Edison Gross 1947 - rate' of .'l'eturh are their Operatirig expense Maintenance 1948 $322,400 796,287 : "share— per 168, stock,, that subsjoiuxv —V. Pacific Gas & Electric Co. (& Subs.) Sept. 30— opinion - Capital shares outstand. Earnings $9,837,362; U. S. premium and expense on funded debt, $1,186,856; retirement ' $107,292,704; insurance and miscellaneous reserves, $6,354,075; surplus, $29,274,235; total, $335,765,249.—V. 168, p. 549. 12 Months Ended —V, preferred fixed a subsidiary 9 company is of the resulra .of operation of the company and its como'idakd subsidiaries Separate statements .of income are included in this letter for tnis the 1948—9 MOS.—1947 " $310,160 Fed. laxes_ Net earnings dividend cost,* plus of.' this issues net earned $585,396 T_ cash, bond of reserves, Norwich Pharmacal Co. Operating profit trustee $20,000,000; commbn stock, $42,806,964;. preferred capital stock of subsidiary, $22,287,350; minority interest in common stock and surplus of subsidiary, $2,021; funded debt, $82,515,000; accounts payable, $7,555,649; accf'Ucd interest on funded debt, $410,541; taxes accrued and payable, $13,264,098; dividends payable, $584,314; customers' deposits-, $2,231,442; unamOr- 172,127 $138,792 $296,923,400; investments on (2229) at . certificates ($8,000,000 face value), $7,999,980; accounts and ** (receivable; $5,896,671; gas in storage, $934)873; materials ahd supplies, $6,136,049; deferred charges, $2,736,464; total, $335,765,249." 1696. p. 1948 Treasury $843,004 52.975 -Net income SEPT. 30, deposit with construction, $4,742,274; flew CHRONICLE notes $191,767 deducts.- funds $558,177; to be released'for LIABILITIES—$5 Int. FINANCIAL BALANCE SHEET, properties and franchises, ASSETS—Plant 1948—12 Mos—1947 $5,379,655 1,098,855 taxes- & CONSOLIDATED $1,031,912 882,478 income oper. COMMERCIAL Co.—Earnings— 1948—3 Mos.—1947 $1,290,561 revenues Oper. exps. and Service THE $2,595,575 $1,372,406 1,018,452 848,710 339,484 339.484 ,339,484 $7.65 $4.04 $2.09 ' • $710,684. 339.484. company, Pittsburgh Forgings Co.—6% Stock Distribution— The declared have directors G% a dividend stock date, usual the and quarterly cash dividend of 25 cents per share on the capital stock, payable Dec. 29 to holders of record Dec. 10- In each of /the three preceding quarters, a cash distribution of 25 cents per share ttlftdc. in stock was disbursed. 50% of a due $220,250), $30,000,000 will be applied to the retirement, basis, in advance of maturity, of an equal principal the company's 2%-2'/4% bank loans made Sept. 10, 1948, of balance of the proceeds will be added The the of loss) struction ——. CONSTRUCTION 19, said: "On Aug. 20 of this year I pointed out that car building operations were on a loss basis that would continue until orders taken in 1947 had been completed, and that the Domestic Appliance Division had been operated at a loss from its inception. John Snyder, Jr., Chairman of the board, J. on Nov. to showed Division operating net a loss net operating loss. "As of Sept. 30, as 1948. of Nov. showed we 19 have been net working capital a reduced to $1,793,630. Of of Our In this con¬ nection we are now discussing with our banks a refunding of the pres¬ loan, with provision for an additional amount to provide for larger operations beginning after the year-end. : "Our car building operations continue to show an improvement, costwise, and this improvement will continue. The result of our efforts in this direction will, of course, be reflected to a degree in fourth quarter operations, and to an even larger extent next year. Based on our pres¬ ent order book, which now takes us to May, 1949, and taking into ac¬ ent . count the downward trend of our established costs so far this year, it now appears that anticipated profits on the new orders we have secured satisfactory. Such anticipated profits will be tax free, due to the application of the carry-forward losses noted earlier, to the extent will "of. be approximately $1,500,000."—V. 168, 1587. p. ' Public Service Co. of Colorado 9 Months Ended - Sepc„30— operating revenues Gross Operating expenses and repairs for 1947 1946 replacements,... 1,580,273 1,149,281 than 1,713,845 taxes,,. 1,884,114 2,526,216 •1,120,611 operating revenue,,,,,. $4,984,065 $5,459,630 172,170 123,835 Net Other for income income $53,333,000 that construction income Interest ,,Amortiz. debt-. funded on of debt tgpecial charge 'Miscellaneous discount Net 1 "After f ' 000's & Co.—_ 1,500 E. W. & R. C. 1,500 Mullaney, & Co., 250 W. lOo Homer 100 250 Alfred Broome Burnham $2,965,361 and Co., Co. & Co Iiic,_— to debt unamortized • discount < Byrd Brothers Public ? Service Company tion Nov. 19 of 5,000 share.—V. 168, per Securities Corp... 250 1,000 600 Burr, R. Co & & outstanding notes notes) funds as of and to standing at required Nov. company borrow such but annum, rate,—V. it 168, Public « meet its fund3 has at The company in other 1, 1948, believes that The t to : $6,275,000. are program order cash interest an rate commitment from no The to its issue such construction had company out¬ short-term .notes aggregating $2,100,000. under present conditions it will be able 2012. p. proposes continue to needs. not of exceeding 2 Ms % bank any as to the per interest . Service Co. of North Carolina, Inc.—Partial Redemption— Fauset, will be York, called for redemption as of Dec. l,.next, $15 000 sinking fund debentures due 1951 at 102 and interset. Payment made N. at the Y.—V. Colonial 167, Trust Co., trustee, 57 William St., 250 Co., Inc.. Reynolds 400 The Steel & . Corp. C. Haas ; Co & Hill & Co.— Hirsch & Period End. Sept. 30— Net 1948—3 Mos.—1947 revenues— $5,027,086 expenses— 3,785,151 operating income income (net)— Other Gross $1,241,935 $1,101,681 12,997 28,238 • income $1,254,932 Deducts, from gross inc. Net -V. 1948—12 Mos.—1947 $4,141,831 $17,578,430 $15,951,201 3,040,150 14,018,239 12,619,338 $1,129,919 -240,086 income $3,560,191 30,456 -$3,590,646 176,884. i 893,090 ■; $1,014,846 $953,035 $3,331,864 48,464 $3 380,327 695,903 $1,697,557 $2,684,424 168, p. 2012. by Halsey, Stuart & Co. Inc. Nov. 23 offered $50,000,000 3% due 1963 at 101.209 and interest. on The issue .received at was the 22 on a bid of R. of and Nov. Nov. office of company, bids Corp., Stanley & Co.,. 100.6799 for 3s; 100.53999 for 3s; Kuhn, Loeb & Co., 100.409 1. 1, due H. Johnson Ketcham & D. & Both Chase in principal National Newark, N. and Bank, J. 1, 1963. interest New York, Interest payable May 1at principal trust at office or agency of payable or debentures. Any. such of A. payment may be made each in whole year, following $1,000,000 or in part The not debentures less than 30 will be days' subject to redemption prior to maturity, notice, (a) at the election of published on the loss & Edw. 600 & Sons 1,500 J. 400 Inc. also been record ' ■ 1948—3 Mos.-^-1947 <- ^ *' * - *•'*' r 1948—9 Mos.—1947 »• ' • •" ■ H ■ 7 • - 8,253,569 7,638,318 27,326,319 >1,181,509 1,053,950 3,4ei,723 3,321,371 $1,075,435 exps. $1,488,537 $4,698,872 $5,065,946 —_ 59,210 depletion- 40,062 207,650 169,167 $4,906,522 387,403 1,083,034 $5,235,113 1,231,269 329,636. tax— 22,969,000 $1,528,649 „ $1,134,645 17,300 :45,600 104,300 114,975 292,250 395,311 1,406,500 1,393,936 $495,459 $700,334 $2,312,688 $2,355,933 927,305 927,305 927,305 $0.75 $2.49 $2.54 tax_„_ aband. of 139,000 outstdg. 927,305 share $0.53 1G8, 1258, p. 1948 1947 1946 from railway— $11,582,875 $10,633,709 railway— 2,680,096 2,523,857 oper. income 1,368,944 1,200,761 Jan. 1945 '. $9,244,130 $8,478,198 1,898,674 733.851 '•> 964,909 852,754 1— from railway 107,643,320 Net from railway 23,486,016Net ry. oper. Income— 11,771,764 —V. 168, p. 1908. 95,635,886 83,620,703 92,811,216 21,729,715 10,062,012 13,802,890 22,784,826 5,868,829- 11,336,335 Reo Motors, Inc.—No Further Dividends This Year—• Plans Expenditure of Several Million Dollars for Expan¬ sion— The of | The 168, 150 next of board meeting 30 June 31, Jan. on that announces which it necessitates not further further no for dividends would dividend consideration 1949. and program .in only and Sept. paid 30, dividends and extra of 50 cents, or a against $3 per share in 1947. a development program under 15 as has the .expenditure of several, npllkm aifects its line/of -trucks but also -diversification: of 2013.- p. that during the year 1948, 1949 This decided 22 March on each, company will-result 250 The March $2.37'/a for way in cents of ■dollars. > Nov. on company 62Va total 100 Co.il— Staats held be The 1,500 V.'V; directors paid this /year. will 1,500 Stokes Stokes & Strauss S. & Co. : its lawn mower;-division. «W - - 1 ' 150 Co.—... Co.. Stubbs, Smith & 200 &: The Co.—J,——. E. W. Thomas and G. H. Walker Weeden 200 & & 300 Co 200 Co.—.. Co., 750 750 Inc.. Wheelock <fc Cummins. Inc. Harold E. Wood & Co 100 100 150 Wurts, Dulles & Co Wyatt, Neal & Waggoner.. 600 200 —Registers With SEC— Lombardo, 100 Thomas Robinson Plywood & Timber Co., Everett, Washington 200 750 . Co.— SEC company GIVING stock F. S. EFFECT (no Yantis & 150 Nov. TO stockholders. from one-half 58 shs. $5,800 of Fortson, Wash. -Earns. 1946 $804,454 $741,765 $713,162 383,414 333,661 301,822 55,484 36,133 35,112 45,000 45,000 41,873 78,800 75,777 20,293 18,882 3,313 4,056 3,851 59,100 63,000 67,300 $159,051 $165,255 $173,033 Dr 98 1 20 $158,953 $165,256 $173,053 36,750 —— taxes taxes security taxes- Capital stock Federal income 72,476 ' taxes 18,325 Cr630 taxes t *50,000,000 $65,000,000 : the 1947 — property Excise SUnlimited with 1948 ; Real *51,743,800 Conifer Timber Co., revenues Depreciation . 26,000,000 50,000,000 series due 1968—... of Sept. 30— Social — stock the Maintenance 499,942 shs. statement Rochester & Lake Ontario Water Service Corp. Operation 6,059,173 shs.) *146,205,800 20,000,000 shs.f par) registration sale of the 105,000 shares will be added to working capital, about $275,000 may be advanced to a new subsidiary to be by it in making part payment of the option purchase price ef Operating ^Outstanding a offered the used 200 Co., Inc.— PRESENT. FINANCING filed 17 <$l" par) common stock, of which 105.000 by company, and 166.025 shares by 15 selling Underwriter, Blyth & Co., Inc. The company's proceeds be to are except 100 $15,645,650 1966 on covering 271,025 shares shares 200 First and ref. mtge. bonds: 3 Ya% series due 1965— due " has holders of to 10 Reading Co.—Earnings— be Co & t series per record share, $10,510,513 $10,220,855 $35,506,015 $31,356,407 _„- October— Gross ry. & Lowber Walter pledged) 3»A% cents per share 10 payable Jan. stock, —— per Net CP., Inc..;' ,100 Deane & Scribrter.- ' * 400 R. and stock (no par)— Prior lien bonds (excludes 3»/4% cents of per. - dividend of •Net of related tax recoveries.—V. 1,000 200 com. 10 1947. depletion on Earnings 100 ($100 par) 7% cum. pfd. stk. as to series.—. pref. of 250 Co Lomasney & Co.— div. dividend extra an 168, p.-2124. gen. profit Capital shares 100 Singer, 1,500 Common 26,000,000 10,000,000 15,000.000 15,000,000 series 3% 8% series due 1972———_—— series due 2037 *9,201,000 5% series due 2037 *8,455,500 **18,195,600 50,000,000 Net earnings Other 7,537,800 18,195,600 income — 50,000,000 6% due 1970——— —. 15,000,000 — ! : deb. bonds due 1998 deb. bonds due Unsecured 1%% ■; 1963- bank : - loans 10, 1948, •Outstanding Service 6,665,090 version due Sept. of value par 7,462,900 - 18,000,000 stock additional shares the $1.40 of dividend further Interest —V. - common bonds except shares stock are common or of of for $1.40 stocks provided in the for On Nov. and con¬ stock. ithe by the terms of the first and first and trustee and cancelled and On Sept. be reissued, $5,000,000 remain nominally issued. **OutstandIng or issuable interest-bearing certificates in perpetual of New Jersey. - directors regular stock, an extra dividend of dividend 30 cents payable Dec. 20 to holders of 40 cents was paid and on of per $1.70 share record Dec. June 12 an per on 10. extra With cents. cents per declared quarterly both 11, an extra of each share, these payments and the three quarterly dividends previously paid this year, the total for 1948 will be with $2.25 in 1947.—V. 168, p. 51. compared (The) Ruberoid Co.—10% Stock Distribution— The $1.50 directors per The per 22 to Nov, a declared 23 10% holders stock of in lieu of fractional cash share, on share and Dec. payable be issued exchange for scrip or for 6% of Public Service Corp. 20 30 $3.50 the 16 the common of refunding mortgage. cannot receive bids for the purchase of $8,500,000 sinking 1963 up to 11 a.m. (EST) Dec. 6, at Room 1922, York.—V. 168, p. 2013. '• Street, New share reserved additional $15,000,000 of this series have been authenticated delivered to the company by the trustee, of which $10,000,000 have to. the $135,970 Ronson Art Metal Works, Inc.—Extra Dividend— stock; ttAn surrendered 545 $128,429 of dividend common company will debentures due Broad 15 of as 212 168, p. 748. fund *The and 36,750 173 250 etc income The 20,000,000 $51,743,800 prior lien bonds outstanding mature as follows; $5,880,000 on Dec. 1, 1948, $34,382,800 in 1949. $9,298,000 in 1953, $1,652,000 in 1954, $157,000 in 1955 and $374,000 in 1962. §Unlimited 36,750 36 (Cr) construct. 18,000,000 50,000,000 5.507,146 of to interest, 473 $122,640 charged Rochester Telephone Corp.—Bids on Debentures— preference issuance long-term debt— on Interest Miscellaneous principal amount. and " Total Net or issuable in exchange for scrip Corp. of New Jersey; 6,059,173 shares common tClosed for or 15,000,000 10 2 — UStated value, Public and > dated June 15, 1948, and due March 15, 1949 —— Unsecured 2%-2y4% bank loans dated and ,, the m*. sub.'s plant & : Authorized been redemption •'/, Reports, 1588. (exel;; of income Year Ended yprice.-;• ;i from, River. r- Co CAPITALIZATION, by delivery of debentures to the trustee not later than 40 days prior sinking fund instalment due date at the sinking fund redemption price thereof. Sinking fund money is to be applied to the redemption .oil Nov.-l,pf debentures at the then applicable sinking-fund to the and Gross refunding mortgage. the prices, of Census from Inc. William Nongard——. Kormendi preference Nov. Company is required to pay to the trustee on Oct. 25 commencing in 1949. an amount sufficient to retire on Nov. 1, at the applicable sinking fund redemption of Other Delaware stock, payable Dec. 15 to holders dividends for 1948 to 50 cents Sept. 30— income "Est. 100 Co Shaughnessy Nor¬ Johnson, Lane, Space Co.,. Inc. Kean, Taylor & Co 1950 100.68. Morgan 3s. Dated • Nov. were: State Kerner, 100 Sept. 19*48; ^The First Boston for awarded sale debenture bonds the larger southwest 600 Hughes & Rothschild Stix folk 3% Public Service Electric & Gas Co.—Debentures Offered —A banking syndicate headed Deprec, 600 3% ♦ at Bureau 168, p. declared income Federal 1,500 Inc. Co,, Inc. Schmertz & Co., 300 — Corp. & 200 Co,—— Investment in saiesr Income Total Net Schmidt, Poole & Co Scott, Horner & Mason, Inc. 150 Co.— F. C. Unclassified Operating Operating the extends total common profits From Co.—'.. Rollins H. R. 100 —. $1.40 Oklahoma—Earnings— Other Robinscn-Humphrey L. 1,500 Hannahs, Ballin & Lee—_ Harris, Hall & Co. (Inc.) Ira Haupt & Co.— Hayden, Stone & Co Pfd. stk. Public Service Co. of Gross 400 E. Greeri, Ellis & Anderson— 450 Gregory & Son, Inc..—1,000 G. the deprec. and Sell., adm. & 100 600 New 291. p. States of Hudson River, 100 Bodine— & paid as sales- of 250 f'r , . & have common regular quarterly 31, Cost 1,500 Co., & same company 150 Co & Raffensperger, .Co.,'Inc. Rambo, Close 300 200 Co....; Dickson S. John There- have been . of 5% $162,406,734 250 Townsend, <fc & Co. Co., & Fenn Pollock Putnam 150 ... Equitable Securities Este & Co._— Public Service Co^ of New Hampshire—Tq Issue Notes short-term at the Camden and United N©& isiilss i€Xcl ~of 'iiit/tJi*'""1 ^ Co., — Pizzini W. Wm. E. Charles H. Drew & Co.—250 Dreyfus & Co... 200 .. lea®t $4,000,000 from permanent financing, whichever41 shall (first occur, short-term notes, i.e.; notes having a maturity of nine months or less, up to a maximum amount (together with all other New Quaker State Oil Refining Corp. (& Subs.)—Earnings <fc Christen- Inc. sen, . Inc.—— & Detmer a The -company has asked 1 SEC; permission!' to issue: r on renew from time to time until Sopth.30, 1949,or until it ;shflli:rJiave ireceived 'at- State, above.—V. brings Period End. 100 Co.—— & Palmer S. B. Co & Henry Dahlberg & Co.—.. i • of 1825. as of amount 200 Co.—. & Phelps, Clark DeHaven 1907. O'Go.ra the This 1948.—V. 100 300 W. Courts and secondary distribu¬ shares (no par) at $21.50 common p. early as Service Co. incorporated 30, 1948, $116,513,675, or about 72%, operations and $45,893,059, or about Trenton Corp. on 450 Co.. & Oil Dec. 1,500 Co.—. & O'Connell Roger —300 — C. C. Collings and Co., Inc. & Co of Indiana, Inc.—Secondary Offering—Blyth & Co., Inc., made Wells E. . & Miller & Co. Peters, Writer Crouter ' Martin Newbold's Son & H. Otis 1,000 ... Cooley 2012. the of Net Beane—__.... Republic Co. (Inc.) 1,000 City Securities Corp.15o Coffin credit, made June electric 1940 declared ' _ Central Clayton p. to the directors The : Pierce, Fen- Inc. special 168, & ner Inc.^ Moran Milhous, GOO C. Bradford & Co.— income (contra to on 6. the : 150 Mason, Branch, Cabell & Co.— 298,828 as its part State the The $100 McMaster Hutchinson & Co. a debentures Coe Merrill Lynch, J. taxes expense).—V, & 100 state 1 Mackall Blair $3,264,189 extraordinary reduction of $869,203 included tBelng equivalent to reduction in Federal and charge. • Public were from its gas operations. served by the company includes most populous sections of New Jersey and more Gulf Dec. 000's 10o Ashmun S. resulting from4 claiming as a deduction for tax purposes $2,175,225 <.of<cost of redemption and unamortized debt- discount and expense relating to first mortgage bonds 3%% series and 4%- sinking fund " predecessors derived jiortheastern share Omitted Stockton $2,929,946 $3,344,181 between United Electric and Purolator Products, Inc.—Declares Extra Dividend— 100 Burr 510,000 common... consolidated Co. Pure Oil Co.—Sells Interest in Venezeula Unit— • Bear, Stearns & Co.—— 58,372 $3,333,227 403,281 and merger ended from territory and See severally agreed Company Auchincloss, Parker & Redpath - pfd. stk. on for have Arthurs, Lestrange & Klima 1,286,871 138,561 62,982 $3,854,181 available below named the respective amounts set opposite their names: Halsey, Stuart & Co. Inc.$ll,350 Allison-Williams Company. 10o $4,747,996 134,106 56,633 1950, population of the area now served with both electricity and gas approximately 2,877,000, that of the area served with electricity alone was approximately 373,000, and that of the area served with, gas alone was approximately 182,000. —V. 168, p. 2012. $314,000 $53,333,000 Omitted 869,203 . —— .Provision for dividends .Balance 179,998 exp, ■ - 1 ■r income : » ■* and — charges $5,583,466 1,183,946 in total between expended C. $5,156,235 1,065,423 —_ were According . purchase ——— Gross of months 12 across of program' as be will $23,284,000 ; 141,989 Provision income),. th« Co¬ an 1882 and some of its gas predecessors derived the 1,539,000 . $4,606,006 (other 1949, $983,000 the company is perpetual. company's operating revenues in the the cities 16,975,000 $314,000 $34,475,000 $18,544,000 the UNDERWRITERS—Underwriters to 1,302,148 1,477,340 2,078,857 Taxes 627,000 stock. , $24,283,653 $20,829,115 $18,290,613 12,147,239 10,167,466 7,945,616 1,161,745 1,218,279 880,645 Maintenance Provision (& Subs.)—Earnings— 1948 of Service charter of the The July 31, 1948, it is July 31 and Dec. 31, 1948, and the major portion of the balance of $30,049,000 will be expended during the year 1949. The principal items in this construction program are the new Sewaren generating station on which approximately $16,650,000 remained to be expended, and im¬ provements at the Camden coke plant on which approximately $3,850,000 remained to be expended as of July 31, 1948. As of Nov. 1, 1948, estimated additions to the above construction program, to be .authorized in 1949, amounted to $46,900,000. The financing of this program is being provided for in part from reserves and -earnings and in part from the proceeds of $50,000,000 2%-2 (4% bank loans made 8ept. 10, 1948, due Sept; 10, 1950, and from a portion of the proceeds of the debentures. Further financing will be necessary to provide part of the funds necessary to complete the projects covered by the construction program, to repay on or before maturity the remaining $38,000,000 of bank loans, and to pay at maturity $40,262,800 prior lien bonds that mature on or before Nov. 1, 1949.- Such financing may be in the form, of securities senior to the debentures and may be undertaken in part in the near future. In the summer of 1948 the company offered 200,000 shares of its preferred stock ($100 par) for sale at competitive bidding. No acceptable bid was received. Company has not yet determined whether or not to proceed with the offering of shares of its preferred In position 6,788,000 598,000 production, Public Service Gas were 5,204,000 10,187,000 — Total we bank loans $5,204,000 the as Of 439,000 plant- in agreement early for $29,176,000 439,000 plant plant— estimated of $7,182,416, after taking account of bank loans totaling $2,993,630. Public wAs showed a book loss of $1,217,489 resulting from the dis¬ the Domestic Appliance Division assets. Fortunately, we will be able to carry this loss forward, on an income basis, to apply as a tax credit against next year's earnings, ' ' ' position capitalization of operating public utility purchase, distribution and sal® Co., Total Common CjiRS' f BUSINESS—Company is primarily 28%, RiftptHe "" $18,486,000 $10,690,000 Distribution General an The of July 31, 1948, the present con¬ additions and replacements) authorized to approximately $53,333,000, applicable Storage plant— -and its subsidiaries, exclusive of the Domestic Appliance mately $440,000 resulting from carry-back of a addition, plant Transmission the debt matures in as follows: as 1 1948, the Domestic Appliance of $826,224 after a tax credit. $3,678,000 Some of the company's electric * Division, showed a net operating loss for the same period of $211,286 after a tax credit, which loss is materially less than we had expected earlier in the year. The company and its subsidiaries, therefore, showed a total net operating loss of $1,037,510 after a tax credit of approxi¬ f to PROGRAM—As uncompleted, plant classifications Production of which AND Electric to company (property amounted program and "For the nine months through Sept. 30, The company resources include not long-term Jersey. to the reimburse it for expenditures made under its construction program for additions and replacements to its utility plant and to provide for future similar expenditures. 1948 does The outstanding in the hands of the public amounted electric energy and manufactured gas in the State of New Jersey. The company was incorporated in New Jersey July 25, 1924, pursuant rata Sept. 10, 1950. cash HISTORY at pro amount ► to $10,575,100, engaged on Transport $450,000 in 1951, $36,000 in 1954 and $5,428,100 in 1990. estimated In 1947, $1.32'/2 tabulation Subsidiaries. ordinated the of 1947 1946 1M5 tNet loss $1,037,510 "$666,235 $585,235 *$904,135 •Net profit. tAfter charges and taxes (in 1948 after a tax credit of approximately $440,000 resulting from carry-back of a net operating , company's proceeds from the sale of the debentures, ($50,340,000 exclusive of accrued interest and before deducting expenses (& Subs.)—Earnings— Pressed Steel Car Co., Inc. 9 Mos. End. Sept. 30— Monday, November 29, 1948 NOTE—Above or in part on any interest payment prices, the initial price being 104.21 and operation of the sinking fund, on Nov. 1 of fund redemption prices,, the initial price being interest. PURPOSE—Out 155. share in cash was also paid.—V. 168, p. CHRONICLE redemption (b) by at sinking year, 101.15 and FINANCIAL & whole at any time a and each •1 Dec. 30, last year, On per as at regular interest, both "WSS COMMERCIAL THE (2230) 10 as dividends paid a year-end dividend record on Dec. 3. dividend of stock, both certificates will cash the. capital Scrip shares. or payable this compared with $2.75 in 1947.—V. year will total 168, p. 2013. $3.25 > Gross 1948— 1 income The 3 Months 9 Months $3,328,999 $10,051,231 r — 900,049 stockholders—int. in subsid. cos. $1,613,351 6,973 _ $1,606,378 1,226,450 709,157 provisions..:. $1,167,318 250,645 Sinking fund provision for St. Lawrence Corp. 125,040 $2,054,138 250,645 125,040 Income taxes Net 2,513,400 — profit after taxes Minority com. at Mills pfd. stock- on St. Lawrence Paper tDivs. on St. Lawrence Corp. pfd. stock tNet sinking fund profit before Sinking fund prov. for St. Lawrence Paper Mills $791,633 shares profit non-recurring ♦Including Other form revision of Other Fed. $2.40 cumulative second preferred stock of St. Lawrence Paper Mills Co., Ltd., and 264,401 shares of $2 cum. conv. pfd. stock and 256.271 shares of 75-cent cum. 2nd pfd. stock St. of Lawrence Corp., Ltd. The St. Lawrence Paper Mills Co., Ltd. at the close of the period 514,675 shares of com¬ tEqual third which (of to $2 quarter, period. 513,168 share per and to St. Lawrence Corp., on to $3.53 per Lawrence Corp., Ltd. owned by St. were cumulative Provision 1948.—V. 168, V the months This 20. ov. An extra cents in * dividend to 30 1,504,000 1,844,950 $2,009,489 $2,240,055 $946,468 —1,043,700 1,043,700 1,093.400 695,800 $4.04 $1.50 $1.90 share. $4.67 account on outstanding by cents per share Dec. of paid was 25 1947 and 65 & of cash BALANCE inventories of also declared, and Current Seaboard Air .Line equipment to is company trust certificates, mature Bids RR.—Bids requesting serially in 15 bids 1946.—V. series equal annual 351. p. Dec. Dominion U. not in in common SEPT. excess Packing Corp. Sharon Steel Corp. Period End. Sept. 30— Gross income and excess of cost purchase dated Sept. 30— revenues profits interest Other income Real —: _ of Total income . — Jan, 1, Issue— $646,178 $593,971 229,440 197,332 38,770 37,562 70,000 70,000 87,732 16,758 15.936 14,750 3,967 4,852 4,263 $187,009 $183,085 1949,- and * 755 1 9 $187,764 196,108 $183,086 195,552 $182,341 195,571 $8,344 ..... $12,465 deductions .—— loss 168, Weekly Output— Prov. 476,516 334,764 465,302 depl. & 329,567 102.072 95,394 Amort, 52,573,661 972U05 2,036,051 830,019 35.02460.590 22,949 151,709 taxes. 1,861,000 883,000 4,238,000 3,133,000 $2,83G,500 $1,371,186 $6,614,231 outstdg..— 617,242 617,242 617,242 617,242 share. $4.60 $2.22 $10.72 $7.71 of 1,318,603 amort. utility income - 679,473 • 33,899. .i Federal & state Net profit shares Com. Earned —V. — com. per 1,915,028 ' ' 619,516 1,730,000 $3,923,863 $2,867,608 602,821 " 552,357 earnings Other Income Net the Shell Pipe Line p. 1948—3 Mos.—1947 $575,183 1948—9 Mos.—1947 $707,696 $2,044,952 $1,737,989 paid by the corporation In these periode.—V. were 1828. 135,585 1,507,802 ; 1,208,180 2,642,491 h 2,657,599 The SEC Quarter Ended July 31— 166, income ,, etc..: 1947 profit Nov. 101,445 $727,019 $357,551 ' $309,728 1,544.537 1,544,537 1,544,537 Earnings per common share.. $0.45 $0.21 $4,292,453 $3,549,607 168, 912,630 Pacific Power opcr. income 1,536,805 27,037 22,386 310,463 305,175 194,407 198,390 30 950 19.847 3:-.8.644 294,941 21,000 38.700 302,113 298,666 income $85,773 $86,952 $825,877 $754,253 (net).. 1,416 nm 7,471 4.295 $87,189 $86,893 $333,349 $758,549 19.604 11,553 167,035 110.371 Income .... deductions Preferred 15.773 16,868 ___ .... income Net $3,384,247 accruals t«.xes Gross 1948—12 Mos.—1947 $3,818,897 1,843,409 ... amortization Income $323,934 140,235 Federal income taxes Utility $ $67,585 dividend 254,666,793 Roofing Co.—Earnings Good—De¬ Regular Dividends—Now Has Million Dol¬ 10 Months $75,341 $666,314 requirements $648,177 210,000 12 Months Ended Ended earnings after charges Dec. $772,929 $589,817 and taxes— 31,'47 dividends of 31(4 cents per share on the pre" ferred stock and 25 cents per share on the common stock have been declared,! both payable Jan. 2 to holders of record Dec. 20, 1948. The common stock received four quarterly distributions of 25 cents each during the current calendar year. It is also announced that the company now has available through its regular banking channels an aggregate total of over $1,000,000 in normal unsecured credit. As a result, the company does not plan to continue after the end of the year, the present factoring arrangement by which it obtains assistance in carrying its extensive accounts requarterly usual C6ivstbl6 Earnings —P. 168, applic, to per p. com. common stock and surplus share—226,584 shares.._ $438,177 $2.01 $1.03 1734. company's sharp, per stockholders on Nov. 30 will vote capitalization from 300,000 shares of shares of no par value class no B on par changing value stock to the class A 3,000,000 Operating stock Engineering 1735. p. K of presently outstanding.—V. 168, ' statement registration a common New stock . with. the . $1)l Underwriter, (par will reimburse company'^ organization Proceeds York. purposes. ' ' x $802,448 ' 39,451 77,513 taxes income —V. income 44,000 ' 582,681 817,382 686,OOq 682,112 70,498 40,000 ' "800.410 486,000 " $97,716 1,448 Income deductions $110,658 1,762 $1,308,633 19,420 $1,484,490 42,938 $99,163 (net)_ $112,421 $1,328*053 77,240 $1,250,813 $2.09 $1,527,434 42,32» $1,485,107 $2.48 * 16,620 — 4,050 $82,543 — — income 168, 51,118 . 72,729 taxes.— ' Utility oper. income— Gross 47,407 accruals amortization— Other 1948—12 Mos.—1947 $9,356,346 - $7,941,606 5,610.334 3,987,550 468,856 383,497 1948—Month—1947 ; $684,958 471,033 365.276 ' „—_ reserve and $108,370 shares 2053. p. Steel Co.— Common Stock¬ Taylor-Wharton Iron & of Holders stock common Wjiland of •> notified that buyers, desire to acquire" not this company and Joseph are being H. Hoodin, as outstanding shares of this stock at a price of $34.75 amount equal to 10 cents per share to cover the cost of the Ne# York State and Federal transfer tax stamps.' Subject to. certain: conditions, the buyers; will be required to purchase^ the shares df a rbininlum of 56,668 shares is tendered. ' ' < t ^ W.i ■ In a letter* addressed to the common' stockholders the buyers state less, than 56,668 share, less an the present intention of the buyers to continue the busi¬ company in the event this offer is consummated. pWsons having no connection with the directors or officers of the company have indicated their willingness td accept this offer and their intention to deposit approximately 20,000 shares with' the is the - there has been deposited of New York, 11 Broad Street, New York, N. Y., designated as agent for the buyers undei this offer, irrevocable letters of credit issued by the First National Bank, Cincinnati, Ohio, aggregating $2,030,000 covering the total purchase for 56,668 shares at the rate of $34.75 per share plus an additional amount equal to $1 per share payable at the closing date to brokers or dealers in securities who are members of the NASD, Electric Co.—Earnings1948—12 Mos.—1947 $3,836,435 $3,275,442 $13,237,132 2,633,981 2,281,434 9,451,4.01 8,234,0 and taxes operating income Other income (net) $1,202,454 $994,008 7,220 13,093 income $1,209,674 205,554 $997,115 $3,799,023 845,530 $1,004,120 $852,951 $3,064,674 19,025 $3,785,930 3,107 Gross Int. St Net deductions other Income -V, 168, p. 1945. the "For the whose National efforts with this — , $3,083,699 686,487 who desire $2,397,212 shall to accept the been deposited have in Con¬ offer may deposit Directors Turn Down Offer— Hanks, President of the company, and all other membersi' of directors, in a letter to stockholders, announced on Nov". 23 have turned down the offer of $34.25 a share made by a Cincinnati group for two-thirds of the company's stock. Mr. .Hanks and the members of the board represent owners of about 20% of the R. G. the board of that they outstanding shares. The consolidated net current assets alone amounted to of as $34.71 a share Oct. 1> and on the same date the book value was more share, Mr. Hanks pointed out, adding that the offer than was Joseph H. Hoodin, the prospective pur¬ chasers, for an unidentified group."--V. 168, P- 1405. $60.33 a "made by Fred Weiland and Telephone Bond & Share Co.—Earnings— Nine Months Net Sept. on and taxes for 73,106 and dividend 347,087 29,828 $262,620 expense. 100,807 paid surplu3 for period BALANCE $639,535 29,656 —>— — discount 345,188 $314,596 debt preferred Balance . $689,439 of income first $712,641 76,211 — debentures Amortization 1947 1948 30— $765,650 expenses earnings interest 7% Ended income Operating — SHEET, SEPT. 30, 100,807 $213,789 $161,813 1948 deferred charges, $382,-^ cash in banks, $729,708;' interest receivable, $31,469.; dividends receiv¬ ASSETS—Investments (at cost), $18,071,858; 320; due from subsidiary companies, $570,922; deposits, $5,122; able, $4,371; total, $19,795,769. LIABILITIES—7% first preferred 1 $4,917,400; $2,953,493 shares any offer. their stock with the agent up to the close of business on Jan. 4, 1949 or such later date designed in writing by the buyers to the agent (but in no event subsequent to the close of business on Jan. 17, 1949)." special 144,164 of acquiring said shares, Bank of the City purpose Chase through nection 1948—3 Mos.—1947 and shares $5 par value class A stock and 1,000,000 shares of $5 par value class B stock. It is proposed to issue six shares of the new stock in exchange for each class A or class B share 1804. revenues^, exps. Net authorized t, „ 2163. p. Maintenance—— Net Period End. Sept. 30— Oper. 100,000 p. of Inc., Co., revenues Operation 210,000 $456,314 Signal Oil & Gas Co.—Plans 6-for-l Split-Up— The filed 18 shares & Period End. Sept. 30— Operating Total liabilities and overhead expenses have reached a new low," James W. Mclntire, Executive Vice-President and Treasurer, stated "Our program this -year to reduce costs and develop a tightly controlled and flexible operation have been most successful. This, together with an aggressively developing sales program, Places us in a very favorable position for 1949," he said.—V. 168, pp. 1735, 1404. "The' Southwestern Gas & Balance to $1.60 1948 „ 1, 1963.—V. 168, "Stockholders lar Credit— The 157,282 reserve 1947 $ 1948 $ $0.18 , Earnings— $349,511 Ooeration Other Co 1948—Month—1947 Operating revenues and 1947 6,226,987 284,989,326 2163. p. Southern States Iron Net General 6,254,689 . Oct. 31,*48 Period End. Sept. 30— Retir. 25 cents previously paid 1947. Nov. on Burnside "it $2,962,561 656. Miirtenr.ncc in Tampa Electric Co.—Earnings— of $4,462,237 $208,283 2,155 outstanding shares Sierra quarterly dividend of 50 cents cents per sharte Dec. 24 to 35 company Privately—Harris, Hall & Co. (Inc.) on Nov. 23 announced the private placement of $2,500,000 3.10% serial notes for the com¬ pany. The notes are due semi-annually Nov. 1, 1954 to ness 1946 $355,396 ; -r~. Sutherland Paper Co.—Notes Placed that $5,451,987 1,159,534 1948 earnings clares Higher p. a of The 2. for moneys used in connection with acquisition of certain properties; corporate 182,356 1150. 168, p. —V.' 1948 real estate, -Earnings—. $531,595 charges and Fed. taxes from 167, paid in company E. $4,279,8^1 Southern Ry.- -Estimated Gross Earnings— Week End. Nov. 14 " Jan. 1 to Nov. 14 Period—• Gross 195,424 after Profit ^-V. dividend brings total payments covering 999,993 223,670 $3,419,965 457,404 deducts. $ Profit Common '■ , Surety Oil Co., Ltd.—Registers With SEC— $5,228,317 $3,865,136 oth. . Sheraton Corp. of America (& Subs.)- Net declared 22 Dec. Fred 661,548 $4,526,684 income Gross Interest & —V. Corp.—Earnings— ... dividends .. "Certain Net Period End. Sept. 30— income .. quarter. action as ,, ; agent. 168, p. 889. No Nov. extra record each , Proposed Consolidation With Combustion Co., Inc.—See that company above.—V. 168, with Net - an of above same per ; 68,977 ■ $ Co.-»~beclares Larger and Extra Divs.—* 332,848 993,775 1,856,668 135,583 771,308 ," income 1947- * holders Offered $34.75 per Share— ' adjusts.—^ acquisition . < 290,000,000 203,000,000 ' $10.25 $7.£3 5,377,955 4,833,054 1,905,568 1,312,065 plant ; ."foxes, other than inc.— 1948 * _ on and share The $21,675,545 $4,756,350 expense for 63,756,765 » 1,338,329 2,432,744 from 1947 1948 $16,450,174 $13,979,991 $24,810,418 5,009,017 4,200,995 6,112,447 2,627,925 2,357,438 5,777,118 217,648 332,848 217,648 666,782 559,521 1,283,444 — the au¬ $11,500,000 increasing on (estimated)— Earnings per com. share—597,866.86 —Consolidated— 1947 1948 Operating revenue purchased Operation Exploration and develop. -Gas $78,683,850 $63,635,538 exps. ; directors share Net Southern Natural Gas Co.—Earnings— 12 Mos. End. Sept. 30— Deprec., > The stockholders Income A ;exp._ Sell., aclm. & gen. Employee pension Interest this company of Maintenance Deprec,,and amortiz..^. Sept. 30— earnings Superheater • for the week ended Nov. 20, 1948, totaled 3,000,000 kwh. as compared with 2,560,000 kwh., for the corresponding week last year, an increase of 17.2% .—V. 168, p, 2163. output 11 $21,500,000 (New Jersey)—Earnings— —V. 168, p. 2163. General 749. p. Jan. to $ consolidated Federal —V. 1 157,878 18,075,305 vote $100) to 2.500,000 shares from 1,500,000 shares. designed to cover possible financing need's for expansion 9 Months Ended Retir. Net Electric • 21,309,938 will (par common Standard Oil Cb. $13,230 —. - Income "" and sals., prop. wages stock authdrized The increase is $182,332 security taxes....—__—— — ——... Total Manuf. costs,- inc. mats., taxes, etc., cxps._ preferred the and 104,094 taxes Other income J048—9 Mos.—1947 $27,409,587 $21,395,381 _ and 1946 $3,255,000 above. 208,084 16,817,500 company 1947 70,000 —112,442 ——v.. property taxes........ Excise (<& Subs.)—Earnings— and (not 1948 , —Company Only— ^—— 9,750,000 stockholders common thorized market, $6,- $676,726 238,039 48,511 ; t 1 Depreciation $27,201,503 $21,237,503 $78,218,548 $63,300,774 Dividends, 13,435,193 3,250,000 period for payment to Maintenance installments. 1948—3 Mos.—1947 or accounts receivable Treasury tax notes), $879,464; other accrued Federal, taxes, $431,123; accrued payrolls and other accrued S. $607,990; provision less discts., sales, etc. 12,669,030 Earnings per share 1948 30, provisions for Federal taxes (after deducting $1,- Southern Colorado Power Co.- Deerfield 4,530,545 2,913,919 $930,169; payable, Operation Seabrook Farms Co., Bridgeton, N. J.- -New NameSee cur¬ local and Operating stating the price (not less than 99% plus dividends) and the rate (a multiple of '/»%) will be received up to noon (EST) at the office of Willkie, Owen, Farr, Gallagher & Walton. 15 St., New York.—V. 168, p. 1804. 6 „ this for the same South Bay Consolidated Water Co., Inc.—Earnings- Witter dividend Broad 637,016 16,411,413 2,976,220 ' Equipment be in postwar Social the to E. exceeded assets share, per 168, on for 4,517 17,199,575 through the four fiscal years ending Aug. 31, 1952.—V. 168, p. 2163; $10,154,139 with SHEET, Net earnings The 339,082 3,550,935 1948 30, • . ^ 1 Southwestern Public Service Co.—To Increase Stock— The Willis 2162. p. war payment contracts. employees' pension trust on account of past service, $209,829; capital stock (issued 500,000 shares without par value, less 3,000 shares held in treasury), $2,982,000; consolidated surplus, $15,320,280; total, $21,360,856.—V. 168, p. 1908. quarter. Offered—Dean extensions, etc.—V. 168, " JI adversely affected by six-week strike, tincludes approximately $685,000 subject to refund in whole or in part in event of adverse rate decisions.—V. 168, p. 2163. per Investment liabilities, at $30.50 per share. Proceeds will be used to repay bank loans and to restore working capital for hi 3,250,000 deductions •Earnings per State (par $25) used Mos.—*1^47 1 '* 16,860,493' 16,406,896 62,011 Dividends refunds of excess profits tax, stock of fully owned subsidiary, art 600,000 per record Nov. 24 offered 15,913 shares of common on ''v 3,485,215 65,720 4,729,497 (net)— Net income equity in underlying net assets as shown by subsidiary's books, $7,784; real estate, tools and machinery, and equipment (after depreciation reserves of $6,283,272), $6,520,530; total, $21,360,856. Co., Blyth & Co., Inc., Elworthy & Co. and Schwaba- cher & Co. stock ' 3,330,927 • income Interest amounted to Government securities. Sept. on compared estimated $74,613; current), $206,643; 6. in cents 1948—9 ,»*•£.. ^ 4,791,508 1,460,581 income income Total Net $2,722,115; counts), and cents of each bring payments this year to $1.10 Water Works—Stock Jose for partial 1947. Year Ended San provision $3,058,576. were $11,243,962, _ cf renegotiation shares. assets $5,225,976 liabilities current common current including for 1945 354,447; prepaid and deferred items, $248,748; Sept. 30, holders previously cents 20 stockholders of record 15 to declarations above against. 90 as with compares year-end dividend of 25 payable Dec. The declared a quarterly stock, payable Nov. $2,848,978 57,560 ASSETS—Cash, $3,720,977; Government securities, $1,505,000;. current and notes receivable (less $50,000 reserves for doubtful, ac¬ 949 and 650. capital » » , revenues— oper. Other accounts to $2,099,983 in the nine months ended directors have on $3,744,055 313,975 CONSOLIDATED Safway Steel Products, Inc.—25-Cent Extra Div.— The $3,720,964 ' * ■ 1,397,500 LIABILITIES—Accounts share $2,763,259 85,719 $2,324,995 liabilities rent Paper pp. Net 1,972,567 563,834 223,927 Co.—Earnings— 1948—3 Mos.—1947 ' ' 11 t57>905,639~ 49,485,992 t2l8,482,671 182,770,260 Operating expenses— 47,437,107 40,917,575 179,444,489 145,705,682 Fed. taxes on income— 1,529,535 1,327,774 5,755,388 6,896,567 Other operating taxes_ 4,209,500 3,755,428 16,422,301 13,761,115 1,676,700 Government period of 5,608 the third quarter and S. 497,000 Total 1948, there were retired through the shares of $2.40 cumulative second preferred stock Mills Co., Ltd., and 8,130 shares of 75-cent second preferred stock of St. Lawrence Corp., Ltd. for depreciation and depletion amounted to $699,504 in fund, Lawrence 85,957 68,772 $4,393,695 deducting $223,937 in $14,302,538, NOTES—In the third quarter of of-St. $3,520,128 - NOTE—Consolidated ■. _ sinking . Operating 392,000 dividends Ltd., common stock in share -for the nine common U. tOn of also had outstanding stock $3,635,007 Can. inc. taxes ♦After mon 619,117 income reorganization plans effective July 1„ 1948, and third quarter dividends on new preferred stocks. At Sept. 30, 1948, there were outstanding 124,875 shares of $6 cumulative first preferred stock shares 2,324,496 $4,324,923 — York. 1945 824,906 —C. tEarns. per com. under 119,267 1946 2,592,220 charges Common and 1947 831,572 exps.. — . - 2,982,012 income and Net pulp- charges panies New $22,271,073 $21,692,217 $18,646,824 $17,306,627 14,132,566 14,640,084 12,183,083 12,006,968 opers income Inc., * will be stock (& Subs.)—Earnings— 1948 sold. admin, Profit Co., & Southwestern Bell Telephone Period End. Sept. 30— with the SEC The $1). (par Willis , expenses and Gen. to operations in third quarter of 1948, amounting to tincludes payments made on old preferred issues of both com¬ wood $144,339. stock (2231) $2.88 from $144,339 of CHRONICLE letter of notification a common Sept. 30— goods Selling 582,593 $1.36 outstanding Sept. 30 share— common through , sales, less discts. of Cost $1,678,453 582.593 surplus Balance, Number of common shares of Simonds Saw & Steel Co. Total Earnings per 17 filed Nov. on par 9 Mos. End. •Gross Balance tDivs. FINANCIAL E. Burnside Proceeds will be added to working capital. $3,989,745 258,705 180,355 offered $4,008,430 18,685 before taxes (estimated) earnings company covering 299,000 6,958,47y 2,950,049 ♦Net & Silver Diner Corp., New York—Files With SEC— Subs.)—Earnings— St. Lawrence Corp., Ltd. (& Period Ended Sept. 30, COMMERCIAL THE Number 4755 Volume 168 participating $82,771';. class $452,771; class A common B common ' cumulative stock ($100 par), cumulative stock (no par valuef, stock " (issued 78,437.4 no par sharesh stock ($1.00 par), $450,G00; funded debt preferred 12 (2232) lies?—held THE 111 including $1,200,000 unissued, $1,949,000/, $9,205;000; due to subsidiary companies, #5,000; accounts payable, $2,717; accrued interest, $153,417; accrued taxes, $33,714; reserves, $1,712",540; capital surplus, $1,515,107; surplus reserved lor general ccntixigenties, $225,000; earned surplus, $1,040,304; totals $19,795)769.. —-V. 1G8, p. 52. treasury, COMMERCIAL Net production-of crude bailelr, du -ed in in N. current first oil and period, nine FINANCIAL ratio of current 1948,—V. assets 168. with compared months of last capital expenditures during L948 cmqiuited, Ui. $24,457,929. 'The to CHRONICLE condensates amounted Gross Sept. 30, Television & Film Productions Inc. the the & to 25,563,154 Monday, November 29, 1948 25,401,099 barrels United-Carr Fastener the (Including nine months ended Sept; 30, 9 Months Ended Net liabilities current 2.56 was 1 to of as Total The for company share. per Proceeds ture, 22 filed Nov. on shares 198.000 of Koeliner Underwriter, will used be letter of a stock common for notification ipar.Sli, & Gunther, Inc., production of television with feature directors The cents stock shares per rate of The stock new basis of the J. E. motion pic¬ Sept. on and 28 for each will (Del.)—Dividend, Etc. made three stock a held distribution Nov, on of Coates continue his duties has elected been General as Superintendent.—V. paid 168, Co. York New has 352, p. Period End. Sept, 30— been ("Operating expenses Depr., deplet., canceled 1,069,759 Net sales Gross Income $1,206,614 $6,715,495 16,647 180.042 43,533 $2,250,089 $1,160,920 886,541 1,772,456 $1.04 $1.32 $3.08 and oil produced, gas Service Period End. Sept. 30— revenues Operation etc,, and 2,268 revenues. 10,340 141,111 202,030 190.905 429,000 15,955 18,359 17,467- 42,100 13,300 221,641 555,000 •♦$30,223 •$5,279 $527,501 108,687 32,181 surtax — is income Net $78,464 ___ deductions $67,658 168, p. and Textron sell of $780,872 Granby, connection —V. The to Beacon The 168, with its it by Textron purchase of Incorporated the has assets of ! of blanket of The Tide Water Associated Oil stockholders Dec. on 20 will Esmond year Mills, interest in proposal that in certain oil field of the April 9 Mos. End, Sept. 30— ol crude oil and petroleum prod. Cost of products ; and selling j sold expenses-. insurance jL'rov. for depr. & deplet. Amortiz. of G 1946 leasehold costs $ originally _ In Rentals 824,994 Taxes, Prov. admin, cost authorized of 'the in empl. allowances the and by 1,840-mile proposal income the the for 712,494 4,359,734 26,096,097-15,953,215 845,986 23,942,083 94,088 pipeline "to the for wartime amount substitute" . 3,1(50,155 of $22,677,500. 168, Inc. tNet for 8,683,000 28,723,243 Divs. paid or declared: On preferred stock... On shares Earpings- per other 23 575,695 prior, of 367,922 share per 1948 on a other 1946 of and operations not credits (exclusive of $1,671,074 in net income . 13,583,969: the three proportion of as was period $7,166,943 such in earnings applicable 30 television share Union share 1948 quarter of to the com- $8,381,113, or $1.31 per share. In the current against $6,942,297, or $1.08 per share, in last be to year's third third of & the company's expected basis of the on ceeds will ferred two and applic. stock Corp., to rights used and to to plans., latter National share per profit declared the Weeks Net profit and Fund Preferred the Union Bond & Carton Endedr-4 —— Com. shares outstanding Earnings —V. 168, per p. offering American stock will, it Light, at not This, it sales, of is for -• of- the company's $6,750,000 company. in outstanding per stock common Continental Gas of its year.—V. "I : . common & pre¬ 264 bank debt, 168, p. 2164. ; , 1948 . . 1947 *$549,045 $96,755 share.—V. 158, p. 95. INCOME Co.—Earnings— STATEMENT after all returns, 30, FOR } NINE MONTHS ENDED 1948 ' discounts, excise and sales —... $28,655/536 income, net, inch foreign exchange losses of $907,-/ applicable to Latin American currencies...^ Interest Net funded on Provision 4,089 income Earnings p. 168, and 9 $15,216;798 share common Universal proved— , L_k—1 $6.42 . Laboratories, Inc.—Smico - , ' Acquisition Ap^ •. stockholders 'at a special meeting held Nov. motion to cancel a transaction through which ihis 8,100,000' all $3.65 the Inc. ' outstanding stock of common 22 rejected a "company acquired Ink Co. of Illinois, Sleight Metallic from Morris H. Gotthilf, Chairman The $.74 on v to, quarterly Virginia Electric & Power Co.—Earnings— . Period End. Sept. 30—. of' 10; 15 cents Amort, Fund A; share per 1948—Month—1947 $4,299,489 _• Other 255,810 3,8 9 3.87 6 3, 285,328 259,600 3,257.988 3 058,291 57,764 57,764 693,168 199,385 254,242 2.559,493 2 3,924,971 3 486:720 $7,962,128 $8,406,739 275,900 'V J taxes ; acquis. 339,442 Union on 1 .361.800 plant 1948—12 Mo'*- -1947 - $3,083,499 $48,575,136 $43: 155,715 1.909,170 26.283,513 21, 273,678 2,454,994 adjustments. 'Federal iueome taxes... cents' 19 of ' Unipn Preferred on • _• Depreciation all share per revenues Maintepance ; dividends, 1488. p. , •„ 1947 share per 168, of America, Brooklyn, N; Y.-r-rFiling— company on Nov, 18 filed a letter of notification with the SEC 300,000 shares of common stock (par lOci, to be offered at $1 share. .Underwriter, Henry P. Rosenfeld & Co.. New "York.- Pro¬ ceeds will be used for organizational expenses, additional equipment and working capital.' .', * • : " 1 r quarter,. quarter* of of Universal,—V. for dividends second Video Corp. per amounted this the to cents * - ■ - The 2,768,950 cents per share on Union Bond B; taxes.—11,624,657 10,608,098 third Dec. 1,818,170 foreign income "1628. Operating record and ——— per —V. $28,659,625 indebtedness.;," for Federal , 552,186 $3.12 equal the of Electric' Total 1,575",546 for the is more further a similar offering. United Light & Railways will go $26,000,000 15-year debentures, Pro¬ all - pay off the balance rate of $1,560,000 a a Operating profit Other - 987,419 - stock, profit the in of and 296,597- - 693,168 951,591 ' after charges taxes The January i-i—— ; Stock Fund year 55 A 1948 cents Fund of in 72 - Other cents and^ 168, .p. oper. levenues. income—net 57 , Balance Interest Net com. 89. share Corp.—Earnings— • . —- and — .... I . ' 4.698 1,588 71,614 140;661 $648,720 amortiz... $605,506 income 198,356 $7,890,514 $8,266,079 Balance Average Earnings $452,528 $139,500 239,570 239.570 240,000 240,000 $0.29 $1.85 $0.54 $0.02 177,416 2,380,732 $471,319 . $407,156 $5,509,782 for no. of requirements.—. common $18,911 common s per share of 1,447.355 stock shares , $78,322 ....... loss $6502117 * 1946. Aug. 21,'48. Aug.-23,'47 Aug. 24/46 Aug. 25,'45 ' $610,203 per cents. 67 1947); cents.in 1947).—V, on'the $1.11 1947); 1947); in cents cents 1947); in (74^ cents B '(98 44 in ($1.47 Net Preferred diviuend 12 of of taxes, 'transportation and allowances.-—$431,930,181 of goods sold, selling, admin, and general expenses 403,274,645 1,885,535 2,54S,516 1,100,000 6,600,000 ints__ following on the Union Bond Fund the Union Bond Fund C (.31 on share SEPT. 39,056,565) 2,031,000 . « Afte* deducting The share cents end to income CONSOLIDATED 139,792,358 644,030 preferred stock. The Bond Union on the 71,442,961 ... total dividends for the Common Stock Fund (against the a registration offer to com¬ interest Corp,—Earnings— •Equivalent to $2.55 • 2,769.100 makes on (subsidiary). about United States Rubber- 677,459 8,347,264 • 2,027,103 to minority stockholders cf Union on stock offerings retire holding the located companies Holdings of Traction common 6 Months Ended June 30— Net 4,025,951 expenses convertible have one invest system enable United Net I . 66,110,185 qxps share common to Co. about competitive sale be intermediate station 9,119,613 of Offer company is expected to file in January covering an early Traction is those Cost, 132,434,063 for Common Stock Fund; 32 Fund; 19 cents per share This "inter¬ 1948 the SEC arrear¬ subsidiaries . 38,719,129 admin, Union per Sept. third Light from $12, for each five shares of United Light. reported, will be followed in the early spring by agreed, 5,095,584 • ended the the rights preferred dividend than for - 1945. 266,669 1444. • 652,993 outstanding United Board months' with /said - financing been ^Disregarding * Rys.—To that with stockholders through convenience Union Trusteed; Funds, Inc.—Declares Dividends— , on $1.90' of 160, p. Operation 9,689,000" $139,856 -in 10,070 earnings of Light & reported American cor¬ • of mon , Company, a acquisition, 10,348,301 1 comparable basis was $2,206,320, stock.—V. 168^ p. 1188. per from is statement proposed, of yet as - — Bond Fund C. in plan York 1——— $3,967,817. was 1,424,678' (Exclusive United It key stations, .viz:', KGO, San Francisco;... i___- opers. preferred^ and $.75 3,338,086" revenue 158 . —2121,432,769 130,767,635 $2,224,954. 740,196: 24,315,891 792,799 with ' !'. 1948.—V. in future. ♦Excluding depreciation of $663,770 in 1948 and $519,712 in 1947 absorbed in production costs. (Reclassified. r F)or the, third quarter ended Sept. 25, 1948. the, consolidated^ net profit after all charges was ' ' $1.88 transactions). now prior to * income rentals comtpon 4,157,926 : the public the Net-prpfit—; $2.71 stock Charter. film reserve 724,827 4,797,607 totaled $8,559,688, compared I tst year; and the f/uaiter said receipts- bond discount of $4.40 products. ion and The. directors payable Dec. 20 12,843,050 572,195 interest tdxes •' ; Stock 590,471 as the foreign assets.. Provision for Federal income taxes—. 4,297,343: NOTE—Above statement docs not include the amounts collected for Federal, State and municipal governments (1948, $32,291,159; 1947 i-28,052,203) in the form of taxes on sales of gasoline,, lubricating oils T ad other 3 Interest 3,315,852 C343,?ft5 in 1947, $622,569 Total and distrib., theatre stock— •Together company in per com. share common Darnings 3,642,000 18,073,515 in 2054-. p. •Depreciation of fixed assets— Contributions to employees' retirement oper. period—._ by FPC common from the tl947 $3,162,024 169,081 p. » theatre tenants Participation Film j 8,380,000 *1948 charges ages. ^Includes $177,033 dividends received In Great Britain and West Indies out of was- . Trans-Continental , from £75,000 ^income .tax • and Portion of net profit Fed. est. 1950, . income —If— Amortization of' film costs uncertainties Provision project, required are Total . 708,330 767,442 16,720,657' 235,667 185,568 Commission _____ 1,013,483 945,779 29, for Trans-Continental Commission said the "proposed "adequate."—V. Common 37,197,331 _ expense Provision , 5,353,558 36,251,552 — Sept. corporation, operation 792,096 7,115,011, Ron-operating income— - 908,630 3,201,580 1,998,579 Operating income Interest, 1,032,028 3,489,125 retire, for , Delaware a rentals Rents 1,810,406' 3,997.291 exps. tax__ Income . corporation, Provision than" est. income for Total 1,426,992 undeveloped other Federal 749,997 1,058,839 1,142,177 of acreage .General & Minority voting-Controlled Subsidiary Companies with the Exception' of Foreign Subsidiaries, hot Wholly-Owned I Weeks Ended—, ' Sept. 25,'48tSept. 27,"'47' 39 616,575, 13,867,329 2,285,567 » after $1,188,137 $1,618,236 — .... ' 147,179,131 prop- erty retirements (net) set * $ 208,652,368 163,374,497 115,690,322 1.337,916 1,067,785 1,042,722 14,590,272 13,303,540 12,871,808 ; Dry hole losses & sales and Corp/(& Subs.)—Earnings— Months Ended June 30—■ Profit (Including 1945 $ 1948 ' ; increase if Dividends 1947 $9,072,201 depreciation of-$1,173,816 in United Dye wood 6 Net • 278,195,727 216,538,949 156,167,507 196,037,060 undevelop. , reserveMor 1947.—V. 168, p. 788. the Film s 4.826,245 $10,291,014 ... -•After Longview, CONSOLIDATED INCOME STATEMENT ACCOUNT 1943 • ''Sales 1,014,373 —5,581,946 ^ Indies subsidiaries. project, 1951. 1, , INCOME 81,044 1,220,768 1,014,373 , in 827,521 1,220,768 value, $4 per share).... surplus with i CONSOLIDATED 577,135 169,384 (stated Total Between com¬ properties $525,115 526,379 1,026,214 income.. Trans-Continental and KECA, Los Angeles. The company's New began operations on Aug. 10, last. * Inc.' '*• the $9,072,201 $751,950 . income stock forward Co.—Proposed Expansion— a the $10,291,014 - ;„2 on Earned its authorization of 4 127,189 surplus a Communications-Commission. The terms have not upon, Mr; Skoyras said. The broadcasting-firm-owns-and operates five WJZ, New York; WENR, Chicago; WXYZ, Detroit; Canadian this ; consider Common Spyros P. Skouras, President, on Nov. 23 disclosed that this corppra-' is negotiating for the outright purchase of the American Broad¬ casting Co., Inc.„ including all of the latter's" radio and television facili-'ties._ This transaction would, be subject .to the approval of the Federal In mills the . The Deferred $3.88 Federal taxes ticn Swan- , pany purchase a working the State of California.- 300,000 Inc. * 245,811 ; expenses $1,162,821 Co., 415,535 ,489,591 4 —— 300,000 Twentieth Century-Fox Film Corp.—Negotiating Purchase of Broadcasting Firm— arrauged to Canadian earlier Line ,157/563 697,116 2,654,189 (at cost" value) which has been reduced at $62Q,381 Mills Ltd., a Manufacturing Co. company operates Ontario, The stock Perth, 2164. p. that Esmond Pipe assets payable Capital of .560,428 2,530.967 other LIABILITIESAccounts ' capacity 160,492 $863,978 Canadian and acquired was confirmed of Quebec company 23 stock C. N. rianoa, Nov, on interests close common to Total « $777,229 amended 1947 .321.886 1.976,522 (net) ' $2.59 18 $3.28 1948 receivable expenses Accrued necessity, stock Incorporated—To Sell Esmond Mills, Ltd^— the 10,650 share—... 305,192 '$3.80 $2,186,407 accounts Prepaid - Trans-Continental corporation's proposed $192,177,500 financing includes issuance of $143,000,000 in 20-year 35/*'/o first mort¬ gage bonds, $26,500,000 in 5% debt obligations to be converted into ■preferred stock in 1951, and 2,515,000 snares of (50cJ part common 162' r. corporation all corporation, 863.000 , Nov. 305,192 ; , and (nominal 2,036,471 553,000 - 274,673 $4,826,245 outstanding., . notes program % This 1,342.729 12,500 on 457*788 Inventories $10,193;785 — 4.100,219 S5.10C.918 $5,581,946 30_ share., per The 115,538 $18,545. to construction $520,211, 260,66L $979,516 8,358 shares Investments and 1947 $1,000,699 4.879,060 "Property, plant end equipment ... $1,180,674 __ surplus Sept. Patepts outstanding-,.—. $191,310,154. In authorizing Texas' 193,013, 452,016 ' $26,903" 10.807 income •Loss.—V. _____ common ^ Cash Trade for 1487. p. 517,189 CONSOLIDATED BALANCE SHEET, SEPT. 30" opinion appears •• 168, share , its poration, ' Gross Capital management from per 167,316 226,658 706.000 (est.) $6,039,734 Earnings retired cents 1948.—V. -— completion Estimated 112,727 17,130 the been 37 — per ultimate $3 269,854 9,848 income Income 30, that had 11,794:439 182,100 dividends paid Earned amending the earlier order, the Commission pointed out that the changes in the proposed project would not alter the Initial daily delivery capacity of 325,000,000 cubic feet in summerand 340,000,000 cubic feet in winter, but would permit an 1, 823,998 __ and Operating income Other $3,707,655 cents 5 1943 profit eXtendcd In 2,050,473 1— normul Nov. operate for and 120,010 Deprec. and amorti?, of utility plant Fed. end stated income on profit ASSET&—- 13 als'o 12,704,969 249,185 . 1948—12 MOS. —1,947' $171,793 of expenses- Total cents, approximate charges-.—.—,——_ shares 124,834 $15,002,928 $13,706,300 Company. Net profit substitution of 30-inch pipe was' ?$159,011 $305,368 Common shares point near Opelousas, outstanding...*... : Louisiana, to139.000 139,000 Chester Junction, Pennsylvania. FPC also authorized Trans-Continental <' lEarnings per common share__._.__._^____.*_ $0.41 $1.46 to substitute 72,000 horsepower in 10 compressor stations for ; the •Including domestic subsidiaries only, tlncludes domestic, British, 160,000 horsepower In 15? stations as and West previously proposed. Deadline 886,541 120,825 *. General taxes 70 indebtedness to proposed facilities of The section of line where the authorized extends, from a $3.04 other Bank — $10,614,074 167, p. 947. and $2,697,292 . Net natural gas transmission ays-.*: extending from Texas to New York City, by authorizing the Compdny to substitute 30-inch pipe for 1,210 miles of 26-inch pipe previously quthoriked. The Commission at the same time authorized. Trans-Continental Gas Pipe Line Corp. (Del.i to acquire, construct Co.—Earnings— 1948--Month—1947 $187,040 ____ Maintenance will $13,581,466 Earned surplus Jan. 1; ? semi-annual dividend taxes 194? * 25,443 1 Pointe Morgan- tern 500,000 , (■Includes costs, general and administrative expenses, lease rentals, taxes, other than Federal income taxes,—V. • 168, p, 1637, • Operating Nov. bank given to Trans-Continental Gas Texas, last May for construction $3,199,560 $5,462,650 1,772,456 Texas Public par The Federal Power Commission 207/729 6,378 Mr. Trans-Continental Gas Pipe Line Co., Inc.—FPC Au¬ Company to Substitute 1,210 Miles of 30-Inch Pipe for 26-Inch Pipe Previously Authorized—Other Ap¬ provals— $2,991,831' 1,290,000 $1,844,250 crude a stock, expected which 1948 subsidiaries deductions Federal thorized 988,750 $6,759,028 736 225,000 taxes income of $1,386,656 839 405,000 ... La Mr. and 2054. p. declared on all Subsidiaries) 1 • $14,977,485 unconsolidated income " that Interest Common 2,286,822. , 1,610,659 Shares outstanding Earnings per share ♦Sales 17 common arc from goods sold and operating Provision for depreciation, Alexander of Dividend Increased — taxes Minority $6,267,403' 3,166,847 $2,233,442 „ charges for Fed, inc. Net 852,202 355,6,40 credits.. income Income Prov. department 168, ....._L Profit-after ; ; 565,763 operating income Income Vice-Presidents, as trust share. per • r of „ Nov. on year fiscal Net lease¬ holds, and dry holes. Other the election 6 Months Ended June 30— 1948—9 Mos.—1947 $2,414,456 $11,493,001 Cost Trane C©> (& Subs.)—Earnings— appointed trustee Co.—Earnings— New Cash the the Earnings 1948—3 Mos.—1947 $3,868,964 surrend. Morgan of Mann, Secretary, 1626, • income— and charge the , Trust Texas Pacific Coal & Oil oper. B. , which —V. ♦Gross N. Y. City—Two announces Comptroller.—V. announced Net Issue.—V, In on cents J/ R. has company Manufacturers the Frank as earnings, program. for 8 was has placed privately through Dil¬ lon Read & Co. Inc. $24,000,000 first mortgage pipe line bonds, 3%% series due 1962 (second series)., Proceeds will be used in connection with company's expansion The a cents . vately—The Co., payable Dec. 20 to of record Nov. 30, 1948. On June 21. last, the corporation, semi-annual dividend of 3 cents per share and an extra of per share. The total disbursed on the stock in the year 1947 holders 2 Texas Eastern Transmission Corp.—Bonds Placed Pri¬ ♦ President, Royalty Corp. share on HewillJalso 168, p. continue The directors 12. Vice-President. a and continue per quarterly S. Pointe Debt Paid— 4.10',e Charles Townsend, Toklan dividends of $1.02V2 per share on the lOQ.OOO preferred stock, par $100, and of $1.06l/4 per share on the 100,000 shares of 4.25% preferred stock, par $100, were also declared, both payable Jan. 3 to holders of record Dec. 10, 1948. shares La .will 23 share new one usual Trust ^ declared the regular quarterly dividend of share on the 3,333,333 shares of outstanding common payable Jam. 3 to holders of record Dec. 10. This Is at per share as was paid before the company sold 400,000 par $5 same Nov. on & Other Barnard production of short screen plays, working capital, etc, Tennessee Gas Transmission Co. the N. Guarantee Vice-Presidents— jSEC" Sl.50 at Newark, , ^5 the be offered to Title , Domestic Sept. 30— 2054. p. Y.- -Files With A - sales Dividends ' SEC— Corp.—Earnings— pro- year. common 2,063,978 $6,202,10 1,447,35 $4,062,427 $4,754h 2,944.7'.5 2,938,'! outstanding stock NOTE—The financial statements pro rata portion of. the reduction (Continued are in on $1.38 after restatement to FeaeraL taxes page 51) on. $1 reflect income f oc< Volume -168 Number 4755 - <t4 r, ,« WEEKLY VOLUME OF TRAUIfi DAILY RANGE OF FOR EVERY LISTED ISSUE YEARLY MUSE OF SALE PRICES $ per share 8 per share 5% $ per 8 per share July 110 78% Oct 14 Nov 24 3 100 Abbott Laboratories com—No par % Abraham & Straus— May If 9 Acme 10% 43% Apr 60 45% Feb 11 55% Jun 13 % May 18%. Oct 14% Feb 11 23% May 15 Adams May 55 Jan 40 Nov 9 46% Jan Adams-Mills 40% Oct 28% Feb 13 41% July 27 Feb 7 % Feb 10 19% Nov 27% May 15 Admiral Corp Air Reduction 6 - May 25% Dec 100 Dec 75 19% Nov 26 Feb 99 Nov 10 Alabama May 18 : Dec Alaska Juneau Aldens Inc 5 58% Oct Feb 37 Feb 10 76% Nov 67 Nov 26 -75 May 13 27% Dec •48 % Feb 24% Feb 28 34 May 21 103% Sep 10% , Dec 164 202 Dec 37% May 15 81 Mar 24 27 'A Nov - Dec1 , : Dec 11% ; 80 *31 .Jan 65% 77% 9 May 36 May . i Feb 16 .10 23 68 . Amerada Petroleum 9 ; - Dec 70 3% May ~7% ; Dec Jun 36 9% Nov 22 10 6% Jun 76% Feb 163% Oct 18 Jun Feb 28% Nov 26 Jan 77% Nov 26 100% Jan Feb Oct 56 19 Sep May 21 Aug 23 39 % Nov 24 51 Feb 6 13 22% Jun 14 94 18% Dec 24 Feb 88 Dec 102 Mar 86% Oct 25 % May Jun 3 16 33% Feb 10 Oct 25 11 107'A Jun 3 Jan 25 Feb 26 . Feb 46 Shoe Co 103 -- *100% 2% " *100% 103 103 *100% 103 -2% 2%- 2% -16% 16% - 16% Co Can 15 5 Jan 2 49% May 21 Co 52 51% siy* 70 *68% 26% 26% *103% 95 104 * '• 98 103 y4 8 % :: 8% 180'A *18 98 .30 *29% 30 'A 30 28 % 178 29 .. 3,300 •600 3,200 - '• 104% *95 8% . 26 8% *10% 28% X27% 28% 120 8% 175% 18% 27%' 3. 700 • 176; 1,600' 300 18% 83 % *83% 84% 300 28 y4 27% 28 V'a 27%, 27% II,700 81 80% 79 80 79 79 *26% 3"% *44 j .93% , 38 % /;.€%.. 48% 27 3% 49 93 % 38% 6% 49% 26% 27 26% 27 26% 26% 23 62% *61'/a 35 . 82% . 80 . 38 .... 6% 6% 22 i"*60 . • ► 22% 21% 61% 59% *10% 10% 11% 34% 104% 104% 9 3% 30% 81 *44 1 ' - : ■ ' 37%, : . 37% "1,600 6% 6% 34,900 47'% 48'/4 21% 21% 61 60 60 *60 61 47% 1 ;• *•••> ' ; 3,900 1,600 89.V2 ' 6% * ; - 48% ■ 1,900 22 21% 3,300 100 - 11% 10% 10% *10% 11 800 33 33% 32% 34 2,800 *102% 104 104% / 104 103 400 8% .... ' 9'/a. ' 8% 9%. 8% 8% 54,800 3% 3% 3% 3% 3% 3% 5,300 79 79% 172'/a 30'% 30 >A " 171% t 1 . 78 *1 * - 173 172% !." •' ■ 6,900 - 470 28% * * 29% 79 700 22 2,600 213/4 21% 21% 21% 22% 21% *107'/8 1081/4 *107% 108 VA *107'/a 108'A *40% 41'% 40% 40% 39% 40'/8 *17 17% *17% 17% 17 17 22 *16% 17 % 16% 16% 16% 86% 86»/2 *86'/a 87% *86'% 38% 37'/a 37% 37% 97% 97% 97% 97% 108% 393/4 163A 16 16% 97'/a *86% 1,700 200 700 16% 10 87% 37'A 38'A. 97 97 30'A 30 % *5% V tl, 10 40 163/4 • 37% 97% *107'% 87% 37% 6,700 „ 81 81 783/4 173 77% 30% 29 81 81 81 79'/4 79 172% 29% . : 2,000 45% '88% 37% . 500 ; 34% *104 - 79% 173% 173 6% * ;: ' ; - 111,000 3% 3% , '.' ' - - 26% *26 3% 90 1,100 22'/a 33 9% 3% X79'/8 . 28 28% *83% 45 y2 ' 37% 6% 48% 34% 85 89" • 38 6% 47 11 *44% : 91% - •, J 3% 3% 49 37% - 49% • ' .3% *44 29% ' 28 90. 48% 80% 53A 3,600 * * . ?31% •/ ■- 47— 92 38 '. , 173% 173 % 30% 30% *81 81% 21% 21% 107% 107 % 41% 41% *17 17% *16% 17% *86% 87% 38% 38'A 98% 98% , . 92 *104 105 8% 8% 3% 3% . —3% *3% *45 - 35 *10% : 10 American Crystal Sugar com 10 4%% prior preferred—,—100 American Cyanamld Co com 10 3%% conv preferred series A-100 American Distilling Co„ 20 -- 400 98 .180 y» *17% - 68% 104% 104 "8% " 19 - 49% 25% 70 26 y4 *95 180 9 19 49% 67 51% 25% 104 *S5 ' 95 .*8% . 26% 26% 104 2% 50 *68% 70 700 13,200 2% 80J/a .'. Co 51% *68% 2% 3 27 "a No par Colortype "2% 2% 70% 82% preferred—_No par Chicle 2% 3 5,400 15'% *69 70% 28% Cable.—No par & *69 ' 82% ——100 Chain non-cum 71 80% Fdry com—No par preferred _100 American *69 28 28% *79% 25 common -71 2% 2% 2% 16 16 80% *82% ; No par com— preferred American 15 94% Feb 43 2% - I,600 29 % 50 — preferred 100 Broadcasting Co Inc 1 8c Radio Corp——:-l American May 18 r 20 'A Jun 13,500 30 conv 5% Oct 48% July 118% Dec * 27 110 15% Nov 16 Feb , Cable Amer 7% 21 5 26% 9,200 20 17% 20'.4 30 American Car & 3 .Aug 47% Brake 7% 28 18% Mar Feb preferred American 104% Jan 110 38% Dec ' 14 49% Jun 28% May 20% May 105% July 101% 177 115% 94 6% American 24 92% May 14 6 Sep 54% May ; 4% 3 3 3% Nov Feb 196% , common^. conv Amer 21 Mar 99 Dec 75% 166 Chemical/No par 1 preferred—_10C Airlines cum Corp_—No par American Bosch Corp class A—_ 1 111 18 19% 17% 20 30% 85% 28% 30 30 ... American Rank Note common—10 ' May 19 Nov 103 17% 18% 20% *17% , 14% May 14 26 Day 17% { *22% , 43% May 15 9% Mar 17 110%. Nov Agricultural 3%% 6% Sep 107% Amer American Mar 22 29% July 13 9 '9 29% 20 *69 8% 5,200 29% 18% *16 18% / 1,600 18% 40 46% Thanksgiving 21 VB *100% . 46% M8 CLOSED.., 30%' 28% 18 2% 5.900 *38% EXCHANGE 40 20% 181— 183% , Mfg common_No par preferred—: 100- .cony, Mar 22 , r,.,...No par Alpha Portland Cement.^ No par Amalgamated Leather Co com—1 :;6% convertible preferred.^——50 2 May 21 52% Jun 10 Nov 32% Nov 3%% 3 Jan . Nov 18% Mar Feb 50 . 121 58% Feb Jan 17% Dec 20 47 Mar 20% May 50 6% Oct Apr Dec 10 36 50% /Dec 34% May Jun 6% May J 7 24 Nov v 44 Allis-Chalmers 31% Oct 20 10 3% Nov 83% Feb Feb: Apr: 107: 98 18% *39' 30% 30% 46%, 18 Ve 18% 42 3% 3 STOCK 1.800 84 *78 3y» 46 47 y4 18'% *39% 30%- 30%- 84 3 3% 47% ., 18% 42 *17% . Allied Stores Corp common__No par 4% preferred ; noo 3 Jun 47% 18% 133% 183% ■ — Allied Mills Co Inc - 42% May 27 24 Nov X25 91 24 Nov 79 Jan 8% 51' . Mar 7 11 35 . Jan 50% 34% May 20 Feb 99%- Oct 5% May , 26 25 42%, Oct 24%. May. 73 1 8 X27 % Nov 39% Mar Jun 46 •,; 21% Jan 30 Allied 8% . Chemical & Dye__No par Kid CO —5 Allied xl7% Nov .105%.July' 30 % May 91, Allen Industries Inc__^_„;_-„_«-^l 14 May 17 4 Feb 22% ;Jan 90 . 11% Jun 36%; Oct 18 May 29%. May 30 Apr 23 198 Mar, 3 xl71. Nov - - -May 24 96 2 8% Nov 26 12%. NOV j May 109 24 Mar 90 Apr 3'/a Shares 66 65% 66 *78% 84 *78% 3% - 47 y8 17 *16 84 3% *39% *69 71 2% 2% t 51% 51% *68% 70Va 26% 27 *103% 104% *92 95 preferred i 100 .Allegheny Corp common— 1 5%% preferred A_—__i—100 $2.50'Pyiar conv preferred-No par Allegheny Ludlum Steel Corp_No par $4.50 cony preferred No par Allegheny 8s West Ry 6% gtd__100 23 44 Jan 104 • - 31 18% 20% 103 ' 5 4%% 56 90% Nov *100% 2% 100 _10 t . 65% 66% 66 S per share t per jthare t per share - 4% May 15 2% Mar 15 Feb 5% . Nov 65 102% Aug i ____l No par Ry—.. Mining; Gold > Corp__lo — common *78% 47 18% 42 ___1 84 t per share 67% 66% 67% 47 • 18% *39% *30% 18 20 '/a _10 T Vickslrurg 4% May 20 21% May 21 80% Jun 2 25% May . 8s 22 26 t per share 3% „ 14% Feb the Week 67% No par „ Inc 31% .Jan - Sales for Nov. 36 *3% _1 Corp Friday Nov. 23 *78% Express Co ,2% Nov 6% 2% May 108 5 Steel Co Feb Dec 16% Feb 38% 112 Nov 3% - 27 Thursday Nov. 24 2.50 Addressograph-Multigraph IOV2 30% May Oct Wednesday Nov. 23 No pai ! Co,. Motors ACF-Brill 1 6% Jan Tuesday Nov. 32 $ per share Par pec 38 Feb 1 SALE PRICES Monday Nov. 20 share 79% Jan 63% Oct HIGH : Saturday STOCK EXCHANGE Highest Jan 87% Jun 90 NEW YORK Range since Jan. 1 Lowest Highest 66%-May LOW AND STOCKS Rang* for Previous Year 1947 ( Stock Exchange Stock Record «» New Lowest i ; 30% 32 % 31% 30% 30% 303/4 30 900 800 ' 3% May 6% 7% May 20 Encaustic Tiling— American '5% 16% 1 13 Jun 17% July 14 Vb Mar 16 19% Oct 26 American European Secur—_No par 16 Dec 20% July 14% Sep 19 15 American 27 Apr 4% May 15 2 Dec 6% Feb 1% Sep 20 86 Dec 115% Jan 42% Nov 17 89% Jan 9 Dec 25% Feb 6% Nov 16 14% Jun 24 Dec 101 % Feb Nov 16 77% Jan 12 7% 74% 37 , Inc——40c 48 No par 0% 41% No par American Hawaiian SS 10 Co 42% Apr 9% Oct 4 Nov 9 Jun 46 Jun 25 53 20% Feb 11 26% May 20 American Home Products Nov 10 8% May 21 American Ice 49 55 Jan 22% July 6 May x34% Jan 10% Jan 90 6 . Oct 13 Jan 5 Apr 16 92 10% Feb 11 15% Jun 14 88 106% Mar Apr 9% May Jan-13 14% May 18% May Dec Nov 13% Jan 5 19 Jun 24 30% 12 102 - 5 Feb 18% Nov 9 26% Jun 3 116 95% Feb Jan 27 Jun 108 9 American 6% 6% Hide & Locomotive American 7% < per share ** 18% Jun 80 Dec 7% 28% Nov 23 94% Jun 77 6% Feb Feb 24% Mar 32% July Dec 147 8% Dec 9 July 120% Oct 14 Feb 6"% Oct 22 14% 28% May 11 10 6 34% July 10 28 11% Jun Feb 11 95% May 14 Feb Dec 16% Feb Dec 129% Feb 81 117% Feb 71% Nov 26 86 % May 14 12% Feb 16% May 21 17 11% May 170 186 Dec 9% Aug 16% Feb t 22% 15% May Co Power 14 28 Oct 25 27 46 Apr 12 Amer Ship 11 68 May 27 12 Jun 42% Oct 38 70% Dec Jan 27 12% Jan 9 176 163% Jun 11 Smelt 7% Building Co 100 preferred Dec 172 July 139 Mar 10 32 Dec 40 Mar 31 Mar 19 Dec 158 Jan 37 Feb 25% Feb 27 35% Jun 9 American Steel 28% July 21% Nov 10 27 Apr 22 American Stores 18 24% Jan 5 American Stove Co 136% 25% May 23% Jun 21 29% Jun 34 47% May 116 17% Aug 18 20% May 25 Feb 147% Mar 17 158% Jun 10 Feb 54% Mar 29 68% Jan 5 60 Dec 120% Aug 8% Dec Dec Oct 1 46% Feb 14 131 115% Nov 7 Feb 9 11 Jan 50% Oct 34% Nov 26 110% Feb 95 Jun 103 % Feb 76% Mar 16 5% May 62 10% 35 5% Nov 26 Nov 51 16 30% Feb 11 Dec 30 Feb 10 Jan 25 % Oct 13 58% July Apr Dec Apr 21 51 111% Mar 46% Jan 9% Mar Jan 38% Nov 3% Jun Apr 42 101% Nov 14% Jan 69 % May 30% May 36% Dec 30" 116% Mar 15 May 26% 68% May 21 Oct 163% July 41% May XI16% Oct 90 41 82% Dec 7% 13 174% Apr 135 34% Feb Jan 26 140; Feb 20 Oct 149% Jun 62 Dec 13% Oct 10 131% July 15 146% May .18% Jan Nov 125 24% Dec 16 » 98 Feb 39% Oct For* footnote* nag* 9 144 71% July 9 9 Jun 10 8% Apr 22 120 56"% July 28 104 , Jun 2 112% July 28 8% Jun 67 24 May 19 41% May 27 2 45% Jun 38% Jan 5 Jun 11 107 3 60% Jun 18% Feb 11 36% Jun 16 14 20 46% Mar Jan 6% Sep Mar 8 Mar 17 4% Mar 2 Nov 16 24 34 Apr 14 6% May 26 34% Jun 3 American 6% Snuff Co Co__—- 6% American 7% Tobacco *13% *18% 100 Corp common—14 :— -100 18%' *100 ' 12% *77 6% 6% 31% 31 *126% 7 7% 31% 34% 49 *47 49 6% 19% *78 85 11% *11% 12 31'4 17 100 18% 19 7,700 *97% 102% *97% 101 100 HIGH SALE PRICES 7% 7% 81% 74 y4 71% 15 15 % 14% 15 Ye 14%. *165 167% 167'/a 167'/a . 6% *6% 7 EXCHANGE 29 - *127 6% U0 7% 9,700 7% Day 82% • 81% 82 73 71 y2 72 y4 15% 14% 15 167'% *167% 170 130 7 2,200 7 7 40 *39% 52% 54 *126 130 146 % 33 130 145% 33% *126 1,300 700 39% 32 '/a 33% 1,500 29 1,300 40 146'/a 148 7% 6% 54% 54% 70 77 31'A 53% 40 7,700 . 128% 40 40 12% 31'A , *23% 54 Shares thare 6% CLOSED Thanksgiving 23% 23% *126 *7% 23% 24% .33% 77 STOCK 23% 24% 147% 7 167% 7% the Week X12% 6% 31% Sales for f per 2,500 3,100 23,700 700 23% 240 40 52% 146% 53% 146% 147'/2 270 34'/a 1,200 333/4 34 •126 130 7,400 130 ' 28% 28% 28 28% 27% 28'A 26 3,400 23% 23% 23% 23% 23% 23'/a 23% 1,500 14 13% 13% *13% 14 13% 133/4 *13% 13% 400 *39 % 39 y2 39'/4 38 38'A 37 y4 37'/a 900 121'/a *121'/a 19 *120 *18% 151% 39 *121'/a 124'/a *18% 19 151% 151% 124 y8 19 151% 121% 18% 151 X25% 18% 19 150% 1513A 10O 122 500 18% 151 61% 61% 62% 60% 61% 59% 61'/a 60 y8 135% 135% 135% 136% 136 y2 *136% 137% 1363A 137% 65% 65% *117 117% 117% 14,300 60% 135% 61% 7% *79 *6% *53% 56% 50 35% Cable No par 35 *33% No par 128 6% *30% 83'/a 65 65 65 117% 117% 99 89 6% 5 30% 128 7% *95 20 6% 31 73'/a -100 Co Inc 128 7% 30% 82% 8 7 7% Mining 31 31 Nov. 25 77 7 75 40% Corp com__12.§0 preferred No par Anderson, Clayton & Co —214/s Anderson-Prichard Oil Corp 10 77 7. Friday Nov,.26 Thursday 1 per share 13% 83% 7% 7% $4 12% 75 39% Anchor Hock Glass No*'. 24 t per share 83% 7% 5 Wednesday 77 ■ 6% 7 31% 1,200 *16'A 19% 128 128 1,000 v 16 y8 31 31% 11% 18% 13% 77 7 11% 16% 100 13 7 4,300 6 85 17 1 per share 77% 1,000 19% 100 13 1,700 3,400 24% 6 *78 6'% 6 . 85 19 102% 24% 24% 24% 24% *6% *75 . 40% Archer-Daniels-Midland *47 6% - 23% 25 Copper 49 24 6% $ per share 13% 77% $5 prior conv preferred Anaconda Copper Mining Andes 24% 40 preferred A P W Products 4 *47 49 common—No par Works Co Inc & 4 *16% 151% 151% .100 common—.—25 — Wire 4 16% ^126 130 28% 29 22% 23 5 $4 conv prior preference-—No par Amer Zinc Lead & Smelt com——1 Anaconda 4 *16% 40 Woolen 4 17 18% 124 preferred Am Water 4 4% 11% *120 preferred 383/8 11% ' *39 Tobacco 38 '11% —100 Sumatra 383/4 *75 Refg common—100 American Viscose 5% ;_No par ——No par American Tel 8c Tel Co American 100 Foundries—No par preferred American *33% 25 coin preferred— non-cum American Sugar 7% —No par common—No par & Refg 142 35% May 18 23% *38 85 11% 7% 7% 84% 84% 75% 75'A 15 % 15% *165 168 7 7 24% 24% *40 41% 54'A 54% 146 % 146 % $6 preferred Am 4 38 39 *38% Nov. 23 31% 8c Light Sep 3 6% Nov 24 3,400 6 3/4 85 128 6% 43 44% 37% Tuesday *6% 43'A 7,100 2,300 6% Nov. 23 *125 1 . ——No par 16% Feb 162% Nov Feb Amer 100 — Molasses News Co 46% Feb 13 Oct 48% May 34 No par com.No par com—No par No par $5 preferred No par Amer Rad 8c St San'y com—No par 7% preferred _n00 American Safety Razor 5 American Seating Co No par Feb ' preferred 8 Feb 39% 7 Dec 6% 38'% 103 1% 39% Monday 13 *76 6"% 31% „ American 38% $ per thare Pdy Co com—No par preferred 100 American 85 76% *100 Amer Mach 8c 2 6% Feb 29 18% 1,100 1% 2 44% 6% 40% 39 LOW AND American Metal Co Ltd 8% Jan *16% 1 15% 39 6'/a Saturday Amer Machine & Metals 135% July 38% 6% Nov. 28 35 9 42% *6'/a STOCK 10% May 27 July 42 6% 45% 44 48 6% *11% 300 15% 15% 1% 2 1% 49 48% 6% 42% *23% Par 3.90% : ' *46% *78 500 17 • STOCKS share 21% May 24 1% *16% 17 15% 1% 5% *16% 15% 49 24% EXCHANGE 26 Jan 15% Dec S per 16% 15% *47% 100 NEW YORK xl2% Nov Sep 101 x25% May 127 I per share S per share common preferred Lowest Highest 16 % 15% 4% 100 preferred non-cum 5% 18 4% *6 5% 15% *16% 1 No par com *5'% 5% ' —1 com American international Corp-No par American Investment Co of 111 1 Range since Jan. 1 Highest Year 1947 Co *38 2 5% 50 Leather preferred conv Range for Previous Lowest 1% No par preferred A $6 preferred $7 2nd July 7% Jan *15 '/a Foreign Power com—No par preferred $7 5% May 37 37% Jan 20 43 % May 17 Amer & Export Lines 5% 17 15% 33% 26 % 102 % *52% 53% 26 *101 , 39% 7 7 7'/a 38 39% 343A *95 98 *95% 98 *95% 90 *78 86% *82 86% *82 6'/a 6 6% 6% 6% 54'% 54% .*53 35% 35% 35 33 'A 34 33% 5% *52 6,100 380 65 3,500 120 118 7% 2,700 38'A 16,000 98 86% 2,200 5% 670 54 56 52 53 35% 34% 35% 34 34% 33 33% 33% 34 Yu 1,410- 26 1,600 33% • • 26 26 13,600 25% 26% 25% 25% 25% 102'% 102 '/z *101% 103 M» *101% 52% 52% *52 53'% 52 52 50% 51'A 400 23% 22% 23% 22% 223A 6,000 10 % 10 10% 23% 23 23% 10 *9 10 *9 27 *117 1173A 98 6% *9 26 7 397/a 117% 64% 65 *80 23% 4% 117% 63% *95 23 *4% 65 *4% 26% 4% 27 *4% 26% *101% 103% 4% 4% 26% 26% 26% 10% •4'A 4% 1 27 10 103 • 10% 400 1 .100 4%, 27% . 1,300 • 14 (2234) THE COMMERCIAL NEW Range for Previous $ per share 37% Feb 24 Nov 26 109% Feb 90 Feb 17 15% Oct 130% Jan 103 Dec 77 % Jun 55 106 Sep 30 Jan 110 14 Sep 19 4V2% 10 56% Jun 29 99% Jun 14 Nov 9 14 Feb 5 Jan 10 % 17% Dec 20% Feb Dec 132% Feb May 115% July 12 18% Jun 2 17% Aug 12% Mar 12 Feb 13% Feb 16 Dec 134 Dec 25 Feb 94 Mar 12 34 Sep 26 Jan 5 Jan 84 Feb 11 . 66 May x98 Dec 112 18% 10% May 106 96 Mar 3 Nov 24 Feb 45 Feb 24 Feb 25% Jan 6 77 Mar Sep Dec 30 Feb Sep Feb 9 113% 105 91 Dec 21 % May 57 Apr 73 Dec 121 111% 66 91 Aug 22% Mar 27% 12% 9 99 99 Oct Jan 9 20 13 13 Dec 18% Feb 17% Dec 29% Jan Dec 27% Jan Nov Feb 4% Feb 26 Feb 35% Jan 9 Vb 10 7% 114 22 15% 4% May 36% Dec 49 12% Nov xll 19 110% 119% *14% Atlas 191/4 Jan 26 Jun lUll % j4% 141'. 14 *13 14% 14% 102 110% 14% 14% 14% 98 *97 98%' 98% 30% 97) 30 % 102% 100% 101% 102 100% 101 101% 101V9 15% *14% *48 49 47 47% series A,.100 B 45 46 % 36% *106% 37% 46 76 76% 76% 36% 36% 107 106 106% 36 95 2,4 jO 101% 102 101 Vb 700 14 VB 14% 1,300 48 48 1,800 45% 45% 6,400 76 *70 36% 105% 106 200 31V4 101V8 46 % *70 106 98 30% 48% 45 % 76 % 36 % 459 14% 47"- 47 % 36 % 200 5,500 101 % 14 48 % *72 36% *72 ' 13% 100 101 99% 101'/a 15 48 400 13% *96 31% 600 14% 13 V4 97 120 108'4 *13*4 14% 97 101% 25 13% 31% 14% 100 108 >4 «1A Day 100 101% 45 3.100 95 100 15% 1 48 31% • 30% 31 300 47 Va Thanksgiving 14 1', 13% 860 22,000 78 100 100 102% series *77 98% 100 19.200 75,8 90 lu^ 13 Vb 13% *13 14% 101 100 30% RR—No par 95 95% 94% 95 94 20 20% 20 20% 20 20 20 2.0 54% 54% 55% 56 55 55 55 % 55% *102% 104 103 102 Va 102 Va 20 *20% 94 94% 400 36% 106 100 7,900 76 36 106 ——,—5 8,200 106 260 94 280 20 94 2,300 „ No par 100 preferred—.. Corp *101% No par Canteen *20 *102% 2! 20 y4 55% 102 22 5:;;, 5% 5% 5% 5 % 5% 5% *13% 13% *13% 14% *13% 14% *13% 13 >8 660 102'% 210 22 *20% *5% par 55 *5 100 5% *13% bud 13% *8 8% 7% 8% 7% 7% 7 % 71/4 71/4 Amer—5 *12 12% *12'% 12% 12% 12% 11% 12 *11% 11% 1 common—_3 Co 7 7% x6% 6% 7 6% 6% 24,200 42% 42% of (The) preferred. conv 22% X19% ———^.5c , Mfg Corp 104 *20 —No par common Co $2.25 14 14% 102 109% 14% *15% prior pfd ($1.20)—No Automatic Avco 2 14% *101% common Nichols Autocar 8 7% Oct 46 Line $3.75 Tack Conv 10 *13 110% 110 15 24% 7% 95% 5 Shares 91 STOCK 47% 95 SS Lines common prelerred conv Austin May 21 Jan conv 4% 16% May 21 9 7% Nov 26 I Atlas Corp Atlas Powder 16 CLOSED 47% 10 Preferred 81 Apr 24% Jan 19 5% Nov Feb Jun 64 % EXCHANGE 96 5% ncn-cum preferred Atlantic Refining common 25 % May 21 , Sep 27 20 Jan 5% May Feb 48% Aug 27 July July 78% 100 5 4% 77% com„100 W May 22 79 47% preferred Coast 50% July 12 xl9% Nov 26 26% July & Santa Fe 24 79 79 Ta 47 10 Atl 114 *79% 96 No par Atlantic & 80% the Week share 91 a 7% 95% Inc_ G 25 % 91' 7% 47% common—1 1 July 14 24% 90'2. t per for Sales Nov. 26 I per share 8 95% preferred——. non-cum F 25 ''4 91 % 7% 8 47 Investment Co Topeka T 25 91 *80 100 A 25% 91 7% 47% 2nd 5% 3 25 Vb 91 8 95% _ 78 % Mar 21 102 Jan 2 24 25"% 91 7% No par Goods Friday Nov. 25 47% Corp Carpet Co Inc—. Thursday Nov. 24 $ per share 25% 100 Atch Wednesday $ per share *94% 1st preferred—. Associates $ pet share No par 7% 9 SALE PRICES Nov. 23 No par conv— Dry HIGH Tuesday r 91 5 No par com 48 % Nov 10 40 62 10 com prior preferred— Constable $ pef share 100 Illinois 6% 11 19 % Jun 59 Nov Jun 14 34% 62 July 35 Feb 23% Jun 3lVa Apr Nov.i'i LOW AND com of preferred Artloom May 10 120% Sep 107% Jun 40% May 105 Monday Nov. 20 , preferred: Co Associated May 27 Feb 99 $4 Arnold 9 19 111 12% Mar 16 100 ' 99 Saturday Monday, November 29, 1948 RECORD STOCK Armstrong Cork Co $3.75 preferred * 99 & $6 conv 11 Jan Corp conv Armour 9 41% Feb Feb Steel Armco 25 15% May 19 88 Jan Dec YORK Par 32% Oct 23 101% Jun 7% Nov 26 103 38% 91*4 CHRONICLE STOCK Exchange g per share $ per share May 99 NEW Highest 9% May 24% May Jan. 1 Range since Lowest Highest I per share YORK FINANCIAL STOCKS Year 1947 Lowest & 7 6% 7 7% 1,500 No par 43% 43% _1 *13% 13% 13% 13% 13% 13% 13% 13% 13% 137 b 13 12% 12% 12% 12% 12% 13 12% 12% 12 12'/4 9 900 100 11% 11% 11% 11% 11% 11% 10% 11% 11 111/4 22,400 23V* 23% 21% *42 42 43 42% 42 42 <ud! B 13 Dec 16 13% Dec 24% 11 16% Jun 3 Babbitt 12 Feb 26 17% Jun 3 Baldwin Nov 7% May 16% Feb 10 11 % May 25% Feb 15% Feb 9% May 60 Jan 42 % 18 Dec May Mar 16 16% July 13 Barber Oil Barker Brothers Sep 28 20 % Apr 9 Dec 54% Jain 36% Nov 23 45 20% Apr 39% Dec 31 Feb 11 44% May 8% Dec 19% Feb 9 Nov 10 18 Jun 83*% Dec 17% 96% Dec Dec 5% May 29 Dec 24% Nov '62 Jan Jan 40 Feb Nov 26 31 Feb 13 23 % Jan 2 43% May 15 17 90 16% Mar TO 17% Sep 21% May 77% Dec 39% Feb 25% NOV 8 Beck 42% 42% 42 42 *41% 42 700 *21% 22% 20% 21 21 bud OH 16 Nov & 26 Feb 11 38% Jun 9 12% Nov 10 21% Jan 2 21 Nov 3 70 Nov 26 Bendix 89% Nov 17 23% Feb 14 Oct 25 Feb 17 27 39% Oct 125 27 Jan 9 Mar 16 37% May 15 14% Jan 14 Range since Jan. Highest 25 May 12% May 36 Lowest May 28% May 14% May 18% 28 Feb xl3 Feb Nov 24 Dec 41% July 24'/8 Oct Feb 13% Nov 11 24 Nov 23 116 Dec Foods Black Si — Steel Bohh 66 Sep 88 2 96 Jan 33 % Mar 18 6% Nov 39 Nov 22 71 25% Marl6 25% Nov 13 Apr 92 % Oct 4 Feb 15% Mar 16 9 Nov 27 Feb 26 Dec Apr 90% Feb 13 20% Dec 27% Feb 17% Feb 14 101% Apr 23% Sep 26 Jan May : Dec 80 . Nov 15 Dec 120 Nov 9 Sep 28 • 12 Vb , Feb' Co Inc Bucyrus-Erie Co 7% Budd $5 3 , 4% preferred 3%% conv 2nd 12% Feb 13 7 % Nov 10 Feb 79 Jan 27% Oct Mar 16 9% Nov 26 17% Jun 10% July 108 Sep 76 89 Bush 9 16 4% May 18 27% July 14 Mar 17 98% Jan 23% Feb 15 11 Jan 105 July 35 % Jun 27% Mar 17 .Byers 7% 54 % 5 3% Feb 1% Mar 12 8% Feb 5% Nov 23 17% 3 Feb 23 Nov 16 9% Nov 10 101% Nov 4 Dec 48% Feb 38% Feb Dec 25% Feb 14% Mar 16 xl9 May 15% Feb % May 26 10 Mar 4 19 Vs May 14 38 Mar 1 47% May 19 Feb 47% Dec see page 24. 11 119 Jun 44' 2 May 14 •« Shares share ♦28 % 29% 400 13% 13 Va 1.100 IV' 10% 11 10'% 10% 10 10% STOCK 10 101/4 4,300 13% EXCHANGE 14 *13% *41 21% 20 14 13% 44 % 40 20% 20 24% 24 24 24% Day 61 62V4 34 Va 34% 320 18% 18% 18 Va 18 Vb 181/4 18% 18% 5,400 40% 40% 41'% 39% 40% 39 39% 4.200 55% 56 55% 56 % 54 VB 55 '% 54% 5,600 -* 89% 2V4 2% 2 35% *35 *86 2 35% 35 6 % 89% 3'4 39 6% 8 35 *26 8% 35, 6% 6% 39 % 2 Vb 35 6% *86 89% ,*2% 35 % 6% " *86 2% 8% *26 8% 26 95 *92% 95 *92%; 19% 19% 19 Va 19 % 9% 9»/4 9 % 9 % 30 % ' 20% 5 15% *121 100 ' 31% *31 31 31% 3,000 8% 27 92 Va *31 1,700 35 29 Va 4 9 Vb1 6% , 8% 26 3 xl8 Vb 500 35% 29 Vs *26 9% *31 8%., 2.9 Va' 600 21% *30 28 * 19 9 Vb % 29 Ve 510 89 Va V4 6% x27 VB 95 19 6% 34% 8% 27 53 *86 Va f 6% 34% 27 *94 1,300 Thanksgiving 26% 15 4,900 62 27 par 20% 25 27 * 700 20% 34 29%- *92% „ 61 % 29% ___i 13% 44 33 V2 29% 100 20% 24 V4 Va *41 Vb 63 62 29% _2.50 13 CLOSED 44 33% 2% 40 *8% 25%, 13% *41 44 20 VB 40% 56% * 13% *41 21% *32% 89% 6% 3,500 1,900 27 1,300 27 27»/a 3,600 95 94 94 18% 18 18% 9 Vs 9 9 VB Va 50 3.300 .J 3,500 31% *30 96 96 96 94 95 92% 92% *92 20% 20 % 20% 20% 20% 20% 20% 20 20% 2,800 15 % 15 15% 9,500 15%' 15 Va 122 *121 No par 8% 8% 69 VB 69% 8% 69 15% 15 VB 122 121 9 8 % 69 ' 15% 15 121 *120 8% 8% 69 G9 68% 122 30% . 95 *120% 8% 122 ' • 170 60 8% 81/2 8,900 69 67% 68 Va 290 *30% : 5 *32 32% 32 32 31 31 85% *30% *83% 86 85 85 85 85 *14 No par 32% *83 pfd—100 83% 83% 800 14% *14 14% 13% 14 14 14'% 38 14V4 14% 800 *37% 38% *37% 38% 36% 37% 36% 36'/4 GOO 17% 18% 17% *37% 18 % 17% 17% 100 *86 38 86 86 86 *86 Va 100 *79% 81% *79% 80% 80 80 * 100 *80 83 *80 83 *80 83 *80 14% par 86 14% 8 8 preferred—100 100 _15 10 lOVa „100 79 14% 100 79 5 *3% No par *21% 100 *99% No par ; for the Week 13% •56% 1 26% <• 14 Vb 14% 7% 7% *ioo% . 100% 9% 7% 101 10 14% 79 Va 13% 7% 17% 88 22. 83 14% 13% 7% 100 Va 550 9% 2,800 9% 9% 9% 78% 78% 78% 3% 26 9% 79 ' 3% 3% 3% 20 Va 21 19% 20 % 'l9»/4 99 % 99% 99 99% *25% 26% 3,900 7% 100% 3% 26% 26 26 v 14 7% 100 Va 9% 21% 80 300 83 7% 78% 100 12,400 79% 100% 101 3 %' *21 18 200 88 "2 *80 78% 100 26% *87 Va 78 3 % 100 ' 17% ' 80 78 % 3% 32 99 *26 H 80 37'a 2,300 70 2.100 20 1,200 99 280 26% 500 \ • common I per Sales 29'/a 301/4 ! Nov. 26 I per share 13'/a 29% - Friday Nov. 25 $ per share 29% *29 29% preferred-j. Thursday Nov. Zl 14 *85 2_No par __— PRICES Wednesday $ per share 29 % No par 50 ■ i. Copper^ *35% —No par 53 ■ 35 % 35% *35% 36 52'% 52% *52 53 1% 5 . 36% *52 .■ 1 Canadian Breweries Ltd—No par Canadian Pacific Ry—25 . i 30 V* Zinc-L,ead J Mills 2,000 HIGH SALE 30 25% Campbell W <fc C Fdy _Nopar Can Dry Ginger Ale com—1.66% $4.25 eonv preferred—_No par Canada Southern Ry Co— —100 Cannon 9% 29 V8 common Calumet & Hecla Cons 15% May 21 Dec 38 9 Vb 30% Co c 9 %' 29 Va participating preferred •' 1,100 9 13% 44 r5 preferred Copper & Zinc Co (A M) common Callahan 8% May 21 31% May 7 110 For footnotes - 400 28% 13% 1 California Packing 5% preferred Sep 15 May 17 33% 135% 28% 29 14 .*—100 common Jackson 32% 135'% 29 % 9% *9% $ per share 34 135% 29 135% 137 13% 21% _No par i Bldg 7% Bros Byron 40% Jun" 15 Jan • 132 9% 40% 4%% Butte 16 52 Term Butler 9 Dec Oct % 33 29% 29 40% Burroughs 'Adding Machine—No 2 Sep 27 2% Mar 17 preferred 34 % 33% *135 29% 18% Bush Terminal Jan 34% 28,400 34% 134% 29% 18% 1 17 : 34% X55 3„>Od 18% 3 15% Jun Feb 22% Oct 281/4 29 18 3%*% 104 28 13% Burlington Mills, Corp c6mmon__rl 6 Jan 29% 29 ;_No par 3 6 28% T-1 J. preferred 18 108% 29% 62% , Jan Dec 28% 34 common-. Jun Dec. 29 % 25 preferred —J (The) Co common.^ 'Jun Jan 1,200 33 —J; preferred 88 Dec. 33% Nov Shoe $3.60 100! 24% 200 25% 62% Brunswick-Balke-Collender —No 13 10 92 Va 25% :_No par Blgelow, 26 88 IM?2 Si Mar 31 Dec *90 V4 62% common Apr Jun 18.. Co Nov May 90 "2 26% —No par Stratton 81 6 6% May 21 % May •12% May & 300 90% 26 Va 34% * Manufacturing 78 11 34 9 *70 Nov. 'iH *34% 77 16% Jan 10,400 91% 134% *41 Roller Jan 97 331/4 27 Vb Tuesday *2% Mar 72 24% Apr 51% Dec 1 % Dec i Buff Niag El Corp 3.60% Bullard Co _i Bulova Watch Co Inc 95% 32 27% Nov. 'l:i (assented )_100 2\ 24% Jun 33% *90'% 25 VB Buffalo Forge Co 16% Mar 16 32% 90% 62% common RR 15 22% May Maine Brown 21% May 15 43% Jun 1 19 & July 12 90% Jun 33% 97% 27% —15 Jun 100 33 34 ! 75 14 1,400 16 *94 10% 5 Inc 40 24 1.500 16 16% 97% 13% No par Mar 30 20 11% 11% *16 *94% Monday *28% 1 Brass Nov 104% 34% 137 t per Share A-——'-No par 65 291/4 Feb 13% May 94% May class 31 13% Nov 23 3 & Feb 78% Aug 11 79 Par common- Feb Feb 12% May Co Brown 24% May 17 124% July 2 11% May 15 Apr Jun new 14% Feb 12 VB 16% Nov. 20 • 86% Feb 33% 12 700 97% 16 Va *95 Saturday , preferred Brooklyn Uni6n Gasj 5 38% Feb May par STOCK 37% Nov 8 12 V'8 12 '/a 16% LOW AND 3%% 99 Aug 11 23% Nov 1 23% 84 9% B Bristol-Myers 17 102% 80 9'% Briggs July 26 33 Vb Aug Dec Dec 29% Briggs 27 May May 29% Co- (The)— Bower 10 14% May 14 *134 % Beating Co 5 Braniff Airways Inc L ——2.50 Brewing Corp of America ^ 15 Bridgeport Brass Co^ —No par 25 26 80 34% 100 .—No par Borg-Warner Corp 3%% preferred 34% May 18 37% Jun 2 Feb Jan 28% % May Feb Co Stores Boston 11% May 15 36% Jun 9 36% 106% 25 Jun Nov 12. x27% Mar 17* 15% Dec 69 9 10% May 18 8. 31% 20% 90% *27 28% , Decker Mfg Co No par Co —————No par Ami Class % July 13 42 10 63 125 Bon May 24 5% May 15 1% Aug 26 25% Jun Jan 32% 29 Carpet Aluminum 11 9 28% com—No par Bliss & La-ughlin Inc——a 2.50 Bloomingdale Brothers—No par Boeing Airplane Co _5 42% Feb '13% May 1 — (Del) YORK (E W) Oct 120 of ser Blaw-Knox 55 95 33% 12% 97% 10 1,900 16% *15% 27% Loan pfd $3.25 Borden 109% 33% 12% 16% *95 16% 92% Bond Dec 17% 97% 16% *90 44% Jun 90 12% *95 17 34'/4 *27 27% May 15 Feb *12% V *16% *16 6,100 32 Va 34 1,900 24 40% *16% 16% 12% 12% *32 1.2O0 Feb May 16% *15% 12% 70 38 23 y8 May 30% Nov 34 12 Va 70 Jart 30 32% x33 71 49% Feb *32 34% 71 38% May 37% May 18% 32% 33% 71 19 9% Dec 13% "32 % 34 % 13 72 12 Feb 12% 32% 34 \\ 72 Jan Jan 13 % 32% 34% 75 Jan 13% 13% 32% 1"0 *70 51 96 79 12% 96 Dec 78% 21% 3 Dec 79 12% 3 7 79 21 VB 26 81 79 12% Nov Feb 79 100 20% 21% Nov 39% 20'/a 12% 18 Feb 20% 21 Va 31% Nov 6% 20% 12% 61 102 20% 21% Feb Dec 20 12% Jari May 600 1,700 20 % 21% Jan 3 Vb May Va 83 13 35% 32 1,900 32 21% Bliss 17% May 15 44% July 8 F6b 17 *32 82 Va 1314 34 %.. Appliances.—-—33%c - 29 % 59 Xl7 83 *82 % *31% ; 100 Birmingham Electnc CO-L—No 36 % July 15 19% May 18 14% Sep 2 5 31% 0 6,500 6,101 80 *79 10 EXCHANGE 32% Mar 15 ■ 12% NEW 19% Nov 10 17% 2 Va 10% 21% 67 88% 19% 80 —1 _ !—y 18 38 37 - 13% May 45% 25 83 17% Va 36% 22% 1 Dec 89 32% *82% *82 Va 20% *79 . J—5 V/o preferred Bigelow-Sanlord Apr 16 37% May 18 29% Nov *32 83 • *36 " 1 common $ per share 11 10 14 18 % 32 37% 80 *13 Highest $ per share Jan x20% 18 VB 32 83 STOCKS Year 1947 $ per share 32% 18% 32% 32% 1—1 —— Co Indus Range for Previous Lowest 17 V8 *18 ^50 — . Corp Home Bethlehem 139 % July 14 24 XlO 21 *22 Best 22 Sep 27 Nov 12% 22 com———10 Cum 30% May 24 37% May 27 30% Feb 37 11% 100 Aviation ' Beneficial 102 % July 23 Jan 32% 33% 12% *21% 1946. No par Cum pfd $4 div ser of 1948_No par Best & Co 1 26% July 9 87% Mar 10 35% *36 % 36 % 12% Co—.——_10 preferred Bendix 36% 36% 12% : Packing Howell 4%% pfd ; Bell 2 15 36% 36% 12 20% Corp Aircraft 24% Jan 38% 36% 12% 2.50 RR Bell 103% Jun 38 36% 12% *81% .' Belding-Heminway 26 40 *36 % 25 common 4%% 19% 93% Mar 16 *38% —100 16 Mar 22 3,800 22 No par i Co 26 Feb t per share Inc Creek j 9,000 20 5 (A S> Beech-Nut 42 % 20% 19 _1 pld Beech 42% 20% 50 ; Corp Mills, Inc Shoe 22% *21% Co Works 8 Jan Jan 42% 10 common-: 37% July 23 20% May 21 28% 18% 42% 34% Apr 103% 150 70% 5 Apr Dec *70'/a 11 Dec Dec 71 Feb 19% 13% 20% 70 cohv Beaunit 24% 133% 19%' 71 32% Feb 30 14% Feb May 20% 70% Aircraft 11% Nov 28 20 % Beech Jan, Jan 21V* 20% 71% 9 18% 24% 20% *20 *70 16 Oct 106% Aug X21 % 20% 70% Jan 18% Dec 23 % 20"% Foods 3%% 500 70% Cigars Beatrice • 50 15% Apr 39% Mar • 100 —100 common preferred Iron Bayuk 8 , preferred . preferred————100 Corp (Delaware) „—10 2 8% Jan 12% May 10% May 16% May Jan 22% May 78% Nov 26 , 30% Jun 95 Bath common— Aroostook 5% Barnsdall 7 80% Sep & r/n 4 % 15 16% Mar 31 xl7 110% Jan 20% Aug 108 % Feb 12 Jun non-cum Conv Works— Ohio 59, May 14 28% Jun 14 10 11 Feb 45% 35% Dec & Bangor 13% Feb 60 42 Baltimore 31% Jun 22 80% May 12 Feb Jan Inc Locomotive 4% Feb 28 % July T) 29% July 14 16 Vs 55% (B 11 69 V t 13% Feb May 1% 1% 1% 1% 1% 5% 5% 5% ,5% 5% 5% *24 35% 52 52 . - 34% *51% 34% 53 24% 10 ' 103% 24 Va 24% 10 VB 9% 103 Va *103 24% 10 104% 1,000 70 1% 1% V'c 1% 4,500 5% 5% 5% 5% 5.800 ' 24% 10 97% *103 104 % 35 . 24% 9% *103 25 23'% 1,100 9% 9 7« 5,000 104 % 104'/a X23»% 10 104% 110 *39V 40 40 40 *40 41 *40 41 *40 41 100 *16% 16% 16% 16 Va *16% 17% *16% 17'% *16 13% 13% 16% 100 13% 13% 44Va 42% 13 Vu "43% 29,100 44% 400 * *42 13'% , 13% 13 13% 43% 43 y2 43 '-a 43% - 12% *43 Volume Number 4755 168 THE COMMERCIAL Range for Previous STOCKS Range since Jan. 1 Year 1947 Lowest Lowest Highest $ per share $ per $ per share NEW Highest LOW STOCK YORK Par 11 Apr 143A 'Feb 11 13 18 May 15 Capital Admin class A May, 57% Feb Aug 26 15% Jan 48% Apr 21 3% Sep 20 56 Dec $3 preferred A Capital Airlines Inc 102 Nov 27 Dec 38 2 Feb 34 Nov 41% Jan 12 43'A Jan 6% Mar 1 : 9 9 Conv May 20 Case 2 Feb 5 147% July 15 10 68% May 15 17c preferred Caterpillar Tractor., 39% Jun Celanese Corp of Amer 28% Dec 22 Feb 13* 108%* Jan 97 Feb 10 105 123 Feb 11 140 32% Apr Feb Dec.' 21Tb Dec 9 July $4.75 2 22% Feb 28 May 27 34% Jun 25 Feb 18% Oct 11 20 % Jan .5 22% "Feb 16% Jun 21 18% Feb 6% Feb 28 .11 % Sep 5% Nov 12 '7% May 1. common Nov 156 Xl7% CO 130 Dec. 193,4 (J I» x50 Dec 12% Jun 30 14 % Jan *32% Dec 10074 Dec 77% Dec 96% 12% 1674 7% i 1st 2nd Celotex Corp Central Foundry Co of Dec j. 10% Nov 15 3 . li Dec 14%-Feb 8 Nov 12 Nov. 35'A Mar 21 Nov 26 J&n 12% Nov *23% *7% 26 29 1 *10172 721% 20 % May 30 Oct 24% Feb 19'A May. 27 Feb 17% Feb 110% Jan 90 16 100% Jan 6 20 % Feb 9% Mar 16 .15'A Jun 8 >30 % Oct 25% Mar 16 100% Dec 10% May de Pasco No May 24' Certain-teed 28 33 Jan 14 Chain 18 26% Jun 11 Champion Paper &.Fib com $4.50 16% 16% 167b 1674 9% 9% 6% 6% *5 7b 24% 2374 2374 7% 7% 774 10174 102% 7 *101% 1027a 574 * •10174 4 . Jan 40% Dec 81% Dec 3% Apr Nov 26 10 90 33 102% July Jan 7774 v *78 4 Feb 11 12% J5n 7% Feb 11 17% July 14 12% -Dec 5% May 76 74 May- Feb 9'A Nov 10 9 .. July 13 Feb 6 Jan 24 .14% May 21 12% July 13 May 15% Feb 12 Jan 2 10% Jan 7% Jan 2 15% July 13 6% Feb 4% Mar 16 14% Feb 7% Mar 16 233A May 13% Nov 38% Feb 27% Feb 14% Mar 33% Nov 54% Feb 35 20% Jan 34% Dec 26% NOV 10 July 49% Mar 20 4% May 8 3A 8% - ;2% Dec 63,4 May 30 938 Jun -30% 117*4 11% 11% .1174 1174 1174 1174 15 8% 8% *874' 87 a 21% 21% 21% 2174 13% 13 13 13% 1274 13% 7a 26% 24 94 No par 1.25 *16 10% *28.... ' 26% 29 26% 23% *9% 11% Feb .23% July 15 11 6 - *574 11% "11% 1074 9% 9% 974 *9% 107*4 11 9% 19% 3,600 1274 13,800 25 26 I. • • ■ 95 No par. P vtc__No par *5% 5% vtc. 100 33% Chicago <fc Northwest com No par Series A Paul & preferred 9 Jun 2 7 Chic Rock Is & 22 72% Oct 22 July 22 15% Oct 20 , 9% 1 32% 100 100 i 34 3474 4 34% 16;700 33 7874 78% *77% 7874 57a 5% 574 574 900 11 10 74 10% 10 % 1074 97 b 97b 9% 2,100 5,400 10% 2,900 . <• 974 10 10 10% 1974 1874 19% 18% 10% 974 1074 974 5% 574't' 5 1874 4,700 10 1,600 5 5 2,100 8% 87b 8,400 3174 574 9% 874 3274 300 32 74 5,500 " " 574 33% 8% 33% . 100 974 28% 9%10 * 9% 5% 94% *9% 9474 ' 2874 8% 874 ..3174 3274 33% . . • '. . 15% 15% 15% 1674 15 74. 1574 15 74 15% 1574 157V 4,400 39 39 38 % 3974 38% 387., 3874 387i 3874 3874 2,500 23% 5 7c .42% Sep ' 1,700 10 "< ' 500 23 *28% 9% *28 "' 25 23 26 23 7a 19% 10% 500 21% 12 74 6 10 10% % 18 57 6% 19% 45% Jan 56 May 21 78% 10 Chic Milw St 1,000 9 *874 ; 237b 3474 78% 78 3 678 9% 50 class A—25 25% Feb 51% May 40 34% 4 35 34% *77% 6 11% preferred ; —100 Chicago Pneumat Tool com—No par $3 convertible preference—No par 49% July 15 78% 10% __ 11% 2,500 21 *94 - 28% 19% B " 1274 10 28% 19% Class 100 3174 21% 974 10 9% 35 7V' 787's — Louis Ry Co 380 79 30 - 127a 94 74 29 *9% *28 35 25 100 —40 preferred 10174 *77 74 - 9 874 237a 94% 94 10% 5 7c 3,300 21 i/b . 26% *26 2., 72 93 — Chic Ind 41% July 13 9 Apr A 1,300 7% • ' 8% 21% 111 RR Co com—No par East 400 '23% 101% 1 31% Chicago Corp (The)—— 1. Chicago Great West RR Co com„50 30 13% July 13 & Class 22% July 14 4% May Chic 5% 23 % 79 327b '8 ■ Chesapeake Corp of Virginia—,—5 7% 2,300 97b 774 10174> 77% 93 Chesapeake & Ohio Ry common 3%% convertible preferred 2,400 17 974 5% 7%' *31% *23 % 9 29 1674 I ' > 33 *26% 8 May 45% Jan 76% Nov 54% -Jan < 30 200 > 79 *77 1874 - 24 23% 7% • 32% » 79 5,100 10% * . 33 21% par 5 Mfg__, J 120 2474 *18 74 -1674 6 23 % " 16% 10 300 138% 24 >4 1 23 10,400 18% 1874 No par preferred Checker Cab 18% No par Co Belt 19 11% „—1 Products.*, 20 3074 1007b . 32% 9.50 Sugar Co Copper Corp_a 30% *100% • 25 1874 26 2474 574 257b 10 *77 . 3,400 137 974 26% 110 136 53% 138 137 : 900 5,700 52 317b 10074 102 % Century Ribbon Mills—',. Cerro 3074 *,10074 774 Light 474%.pfd„100 3.40'{f pfd—100 100 Violeta Central May 21 Jun £8% Apr 111 31'% 137 31 a 300 7% 38 % 136 > 53% 10074 317 26 24% tCentral RR of New Jersey.* 11% May Feb 5,400 34 774 136 53 137 6% Central NY Pr Corp 1 - 135V4 -1' 53% 9% *5% « 53 10074 167b 97s 57c May 27 ' 9% 500 12% 3774 38 137 *18% ^No par Ga'Ry Co vtc Day 774 37 74 101 31 . 2671, *16% — 53% ' 137 5 j. ; *100% 31% 100:% 137 1 '1 Co Central Jun 53 -39% Nov 2218 3274 34 Thanksgiving ' *7% 1367a 19 8 108 13674 *18% 8 8 137 7% 53% 53% 26 100% Nov 6 *136% 136 100% No par Sugar 1 Central 7% 38% 20 7 ,5% ^preferred Central' Aguirre * 774 *136% 3 Oct 1274 34 M 37% 100 8% Mar 7% Jan 1274 34 12% 39 _No par common. *33% 7% 31% com—No par preferred— preferred 22 74 13 13% 13 2 x37% 53 210 3074 12% 32% 3234 34% 32% 7% 136 Nov Oct 11Tb Feb 32 74 *32% ' 4,600 30 % 3274 30»4 41% 100 3.800 106 106 CLOSED 3074 30 74 3074 *7% No par preferred series B vtc_'_ 100 Central Hudson G <fc E Corp No par Jan 116 1,200 50 574 •w 6 7 52 74 5 °/8 EXCHANGE 10674 105 107 30 7 4 32% 30% 41V8 ■ .38% July Jan 107 STOCK 5% 13% 5274 54 * 34% 25 10 Apr 4% May 10% 108 *107 1374 13% 5% 574 57b Shares ' 13 7 *33% 22% Nov 7% 13% *52% 337*2 *13% » series—50 Carriers & General Corp— 1 Feb k - 14 54 30% preferred 4% Jan 130 197b May 1087a *30% —4—5 Corp c0mmori_u-4-4—_-10 Carrier 8 52 %Jun x97 • *107% Carpenter Steel Co., 49% May 21 23 35% Mar 64 17'A May —100 Light *1374 *52% 5% the Week share ' Feb 158% Dec 18' Power 14 54 5% for Sales Friday $ per $ per share i per share Z share Nov. 26 Nov. 25 Nov. 24 *52% • Thursday Wednesday *13% 54 5% Clinch & Ohio Ry Carolina S per 15 PRICES SALE HIGH AND Nov. 23 $ per share 14 5% _No par Carolina Dec 47 49 74 May Nov 14 (2235) "Tuesday Nov. 12 share *52% 10 -—1. - 5 & $ per common—l _ July 28 32 12% Nov 24 Oct 73A Jan 29 V2 May 132 'Oct 45 110% Nov 18 27% Jan 5074 21% 12 7b May,353,4 May 13?" 100% Feb Jan 39'A Dec 6 Jan 128 8% Mar 22 > Monday Nov. •*;() $ per share share Feb Saturday EXCHANGE 50 5 74 FINANCIAL CHRONICLE & 29 % 29 *2874 28% 2874 2874 28% 28% *52 5474 35 35% 6674 66% " *52 29 . 53 53 53 36% 36% 357a 36 66% 66 % 66 66% 53 ,53 1,200 52 *51 200 ' 10% Dec 15% Jan 4% 15% Feb 21 Nov 10 14% Feb Feb 7% Mar 2% Nov 11 .19% May 27 4% Apr 3 . 44 % Oct 2 63% May 1 Pac preferred series A——100 Chicago Yellow Cab— —No par Chickasha Cotton Oil Childs Co 5%% 3 2674 2674 100 *93 */4 94 *93% 94 93 Cincinnati Milling Machine Co—10 20% 20 % 20% 21 21 40% 40% 41 41 4074 *2774 27% 27 27% 2774 27% 4 .29% Jun 17 Cincinnati Gas & 96 Dec 9 101% May 26 27 % May 34 % 8 May 78 Dec Nov';1, 26% Nov 17 33 9 .10 7% Mar Mar" 94 20% 78 May 85 Jun 95 34% Nov 43 3A' Jun Jan 6 15% Jan Feb j'. 23 May 17 6 4% preferred——— 3 City Ice & Fuel 2 City Investing Co common———5 38% Aug 5 5 % 176 July 12 ,88 Jun 4 42% Oct 20 29 Clark Equipment Co 34% Feb 10 C Illuminating com^^No par $4.50 preferred ' —-—No par Cleve Elec 6 111% Jun 7 Nov 24 Oct 15 34% Apr 108% Jun 25 57c Dec 101; .Jan 69% Nov 9 Cleve Dec 57 23 78% May 20 47 % May 19 14% Dec 24%; Feb 13% Nov 24 18% Mar 22 Climax 32 May 39% Mar 23% Nov Nov 9 34 Dec 48%*Mar 30% Sep 28 140 Dec Feb 10 89 Dec 78% Sep 30 105% Jan. Feb 40 Sep - 9 Cleve Graph Bronze Co conu preferred Special gtd 4.7 154 Feb •- 91 %> Dec Year 1947 Lowest 137 5 141- Jan 5 Clopay 10% , 36% May 17 1140 65 % 33 July 13 7% 92% May 20 47o 147 Dec 23% Dec May 140 61 1332 Nov 183 1—No 39 107% July 31% Nov 8 Class 1 Coca-Cola ■'45% Jan 12 X87 % Sep 10 2 96 Apr 20 25% May 18 22% Oct ,16 18 Oct 12% Feb 11 20% Feb 16 Feb 11 22% Oct 22 17% Feb 10 18% Jun 25 17%" Feb 9%"May 16%' Feb May 21% Dec 32% 21% Nov 32% 10 Apr 11% Dec Jan * Jan 12% Oct 22% 63 Feb I Mar 86 Dec 39% Aug 30% May Nov Feb.11 9% Nov 11 5 26% May 21 - 22% Oct 23 18% July 15 Nov 24 9% Nov 15 17% July 14 20% Nov 26 32 % May 15 >20% Nov 31% May 12 3 2674 94 94 94 2174 20% 21% 41% 3 40 74 40% 20% 7% Sep 27 Dec Feb 35% Feb Oct 36% Jan 23 87 Dec 115% Feb 90 Jan 2 4,400 34 34% 32 *30 74 8 - 1974 .1974 900 2774 8 *30% 1,900 70 80 1974 3,200 Colo Fuel 57c Iron & 38% 24% 3174 25 26 *105 107 72 *70 72 *40% 42% *40% 42 %' 25 25 % 13% 14 24% . 7% *7 31% 24% 7 31% 31 *139 800 > *80 83 Saturday 1 per 2nd 35 90% 16 Pictures 18% * 18 % *10% *11% *10 preferred—100 21 197b 117b 17% Nov -i 137-1 7,500 24% 73/a 25 25 7 „ 18 74 SALE 10 81 900 PRICES 140 63 74 35 34. ! 90 15% 1574 JOS/, 1974 19% 17% 17 % 18 74 12% 18% 177b 18 18% 1174 11 10 11 10 21% 21% 22 -2074 2174 21% 21% 1174 11% 9% , 11% 11% 11'4 .2074 *10 2174 18 7 a 18% 10% s.;. 8 8% 10'% 1174 11 21% 26 400 480 11% 350 10 10 21%' 3,700 21 1,200 10'4 - 7i:,4 *2074 11 107b 774 87b w—No par 52% Co_—_—No par 31 31 3074 31 30% 307b 4 Columbus & Southern Ohio Elec—10 3774 3774 *3774 3774 3674 377b Commercial Credit common——10 497b 49 3 b 47% 49% 48% 467b 74 49 98 98 98 99 98 98 9674 97 18 74 1874 18% 1874 18 1874 - 17% 18% 43% Jun 8,900 9% *9 7 b 2174 52% *50 7b 51 51 2974 3074 36 - 17% 1874 207b" 10 217 b 21 : 1»600 *1074 54 Carbon 2,100 9% *52 % Columbian 450 15 7b 19% 1874 54 16 2,300 90 V4 Xl7 Day 1874 8 15 34% 90 10 *51 37% Apr 120 • 19% Thanksgiving common—No par $4.25 cum preferred w 1,300 63 74 " " 8 77b. 8 90 11% .*9% Shares 1574 19% 11 142 34 157b 20 for the Week share *1100 CLOSED 90 1174- - 6374 ■> EXCHANGE 3.4 >/4 90 11 - . STOCK -1574 *1874 - $ per 141 *62% *1100 Sales Nov. 26 Nov. 25 1 per share $ per share 141 Friday Thursday Nov. 24 15 34 117 b 3,300 80 Wednesday , 1,300 81 80 74 627b 7% 32% 141 90 74 177 b 19 3274 — '500 *139 18% , 7% 31% — 141 157;. 11% / %t ' 42% 13 74 3174 143 •' 30 *40% 141 share 3474 35% 1,100 2474 HIGH 627b — 100 14 *8874" 21 21 Inc._*No par System ; 42% 8074 *141 63 74 23% ~ 4,500 1374 ? *1100 35 16 197b Inc cl A—2.50 B„__—»—i —2.50; Gas *6274 *1100 *88% 1st preferred——100 non-cum 63% *3474 :—4—-20 144 144 144 *6274 ■ 107 *40% . 3174 $ per , 71 Tuesday t per share -v, 3874 *69% Nov. U Nov. 22 share *142% Corp com„..No par non-cum 23% *104 107 ' 1 10874; 72 141 80% Monday *1100 Corp.—_No par 47c 38 % *70 7% 31% *139 85 10874 237s x23 25 774 % 185 *80, 3874 *103% - 14 *2474 141 82 *8078 1374 7% 31 % 141 *139 —100 100 A7c *160 109% 38% 109 25 14 Southern Ry. com—100 Columbia 38% t—4 O cc 10874 107 42 Columbia Br6ad Sys -Class 38% . 108 74 LOW AND preferred conv 85 *70 Aikman.——.—--No par Colorado & 170 *80 *105 Mills Inc.-—-,—2o«, Colonial *160 85 70 137'a Colgate-Palmolive-Peet com—No par $3.50 preferred ;—Ai——No par * Collins <fe 170 *80 36 -1 107 b 17,000 77b 3,500 54 . 200 3074 30% 2,500 367b 3674 1,100 477b 48 3 b 3,600 97 97 177 b 17% 9,700 3% 123,600 ' 26% July 20% May -2% May Jan 2% Feb i 94 123% Jan 92% Nov 33% Jan 25% Sep 14% Jan 4 Dec • 3% Oct -4% May - Nov Feb 4 Sep Feb j 104% Nov 21 Mar 103% Feb -11% May 20 6% May 21 8 25 % July 12 5 107 % July 10 93 93 74 93 937b 26 26% 2574 26% preferred series-- 28 Aug 27 137b 137b 127b 6% Consol RR of Cuba Retail _*—15 38% pfd—_100 Inc__—1 *1274 *9 7b Stores 99y2 Dec 17% Mar 38% Feb 114%, Feb Feb 24 15% May 12 8% Nov 26 15% July Consolidated Textile Co Inc——10c 7% Nov 10 16% Mar 20 Consolidated Nov 24 35% Jun Consumers 31 32%" May 94 % Dec Feb 48 104% July 33% 90 Sep 18 $4.52 Nov 42 % Jan 10 Oct $4.50 24 105 27 Nov * 11% Dec 20% Feb >10% Mar 17 Dec 106% Apr 84% Mar 23 92% Sep Feb 29% Nov 40 30% Dec 44% 110% July 95 Dec 9 May 13% Feb 44 May 55% Dec For footnote* see page 92 Oct 7 8% Nov 10 48% Mar 17 24. 5 99% May 25 94 26 17 106% May 25 98% July 26 100 17% July 13 3 May 15 Vultee $3.75 preferred 38% 23 23 12% .9% 834 97b 9% 87B 9% ;■ 934 974 97b 97b 9 74 9 9% 9 , 900 387b 23 127b 2,800 9 39 3,800 22% 12 74 87 b 1274 500 87b 4,500 9 3874 12% *12% 800 13% 22 3774 127 b 5,600 13,400 1274 . 97b 22 *1274 4% 22% 1067b , , , 87 b 9 2,100 19,000 31% 31% 104 104 104 104% 104% 104% 104% 104% 104% 104% 104% 104% 104% 104% 105 104% 104% 520 America com—20 *34 % 35% 34% 34% 34% 34% 1,200 1—100 *90% 92% *90% 92% *90% 92% No par preferred Can 38 387b 23 47b 10674 13 8% ' 23 74 .13 400 22 227'b 106 74 127 B * 87b 1,800 267b 104% Continental Baking Co com—No par $5.50 9 38% 22% 38% 13 87b 3174 267b 47b 22 7b 1067b , 500 307b - *104% '. No par preferred Continental 2,200 11,500 9% *104 Power Co com;. Inc common -J—No 99 July 13 13% May 21 Continental 64% Oct Continental Insurance 26 1 preferred _i——i-i-No par preferred.:—_4 ——No par Container Corp of 47c Aircraft— 23 9 9 27 4% .22% Consolidated Natural Gas 9374 257b *9 317 b 26% 106% Grocers 4 9% 31 . 474 22% *1067b Consolidated 6 4% 2274 106% 2 <51 11 4% 227b 10674 Jan 24 < 474 4% 227b 106% 874 19% Feb .Dec 4% 22 74 106% 1374 37% Nov 10% July 2774 1374 Jan 30 31% *26% *874' Jan 11 31 Vb 2674 Corp__• _1.33% 30 Feb 3174 2674 Consolidated Laundries Corp.——5 54% 19% 3174 27% Consolidated 18 12 % May , 32% 11 8% Nov .230 2574 2574 9 ' —No par —, 95 25% . 3 93% 94% ^ 9% 4 3274 Cigar— preferred-. * 37b 3 ' 257b 97 b Edison of N Y com—No par Consol $5 95 2574 9 7b *9 93b *2674 ..No par No par Consolidated Coppermines Corp—5, 3% 94 48 . * 974' 21 Feb < 6 37 b 37b ——No par $6 Conde Nast Publishing Inc—No pan 12% Jun Feb 1*5% May Commonw'lth & South com—No par. 3 3 xl8% Jun 11% Mar 16 20% 17 May 21 3 ■ Commonwealth Edison Co—i——_25 Consolidated 10% 40'A May Solvents-'—-No par Commercial Congoleum-Nairn Inc 11% May Dec 19 27 -————100 preferred 36% July 12 3 108% Mar Apr 3.60% 32 10 26' 29% Nov 21 28% Feb Feb 7 ' Nov 7 29% May 14 11 33% Apr 106 " -35% 23% May 30 10 8% Feb July 29% May 26 23 8 % May 104 18 25% Nov I 2,000 *75 71 GO 85' 38% 24" *40% —No par Columbia 78% Jun ■ 5 -48% j ? 100 20% 40 % *27 53% July i5 18 28%. Feb May ' ■i 94% 2074 8 193A '%. 107 par (The) common_No par Internat 24 >14% Jun 28 Nov 36 • 2,700 ,,80 *78 i , ' ' I 27% 40% V 27% 7% 7874 1974 35% *27 . 874 78% a? 180 108 Nov. 20 A 13% May 21 10% Feb-13 51 36 50 27,300 *9374 r 267a > ■ - 30 51% *3574 - 5274 70 STOCK YORK Cdca-Cola Co 2 July Aug May « 107 % 24 Par Jan 1332 1 Jan 56 190 3774 51 26% - 5174 *105 -1 — preferredcum 2nd preferred— 63% Jun 26 July 13 15 8 387b , EXCHANGE 12 May 16% May • *80 1 NEW Feb 8 35 *160 50 stock—-.*-, Corp , 46 18 36 85 . . •,u*. 20% 180 50 $ per share t per share 105% July May 87 Jan 1155 80 STOCKS Nov 191% Jun May 37% *36 8 74 *78% *80 Cluett Peabody & Co com——No par Lowest Highest May x61% *35% V Vi *160 1 —100 gtd Industries Inc Clinton Range since Jan. 1 Highest . 4 per share t per share < Co 7% MolyLAienuih- *35% Jan *9 — Pitts RR & Range for Previous " 20 • 6 T 8% 8% 80 1974 20 preferred non-cum 42% j 8 % *78% . com—100 ——100 C C & St Louis Ry Co 57c 105 >I 4,000 48% 4874 " ■ July 12 x23 ' , par preferred——loo —*1 —5 7c ;Mar . 1—No City Stores 35% July 71 37 200 3% 3 .. ' —No par Jan 109, Jun „ I T Financial Corp Jun Jan 80 Jan 115%' Feb Dec Eleo "com,.;. C Nov 27'A 106 ——— 8 ,84% Apr 20 May 24 .21 27% Mar 18 34% Nov 176 107 Co Copper , \ ' Feb * 11% 12% May 48 % July 3% 48 % *3574 ' 26% 23% Feb 27 3 *48 ' 48% 26% Jan 18 3% 4874 26% 29% 26 1674 *26 % Nov Nov 13% *16 ,8.50 23 19% Nov *35 3 *1274 1774 - 52%,; Chrysler Corp 1,600 1774 51% Chile 10 66 *65 4,400 13 53 24 36% Jan 4874 34% 34 ' , .*12i% 37 Jun 65% Jun 90 3 % 48% 3% .1 *1674 52 42 26 Feb 3% 48 66.; , 13% 36% 18 Nov Feb *16% 37 Feb 51 Jan,,' *12 74 17% 54% 31 Oct % 13% *16% 3b 74 6574 53% Mar 66% 28 i—100 r—,..,25 *1274 34% . . 2.50 42% Sep 4b 3 % 43 preferred—— Dec 111 1 — 13 17% * : 17% *12% 10 . ,_r common— 56% 21% May , Conv 32 37 % May RR Co—No par Diamond Fibre. — 20 s par 5 10 32% 32% 32% * 32% 32% 32% 31 32 * ' 14 *88 14 89 - 14% *88 14 % 80 *94 9% 60% 32% '97%' 9% 61 32 *94 32 % 96% 9% *91% 92 % *91% 370 92% 13% 13% 13% 14 88% 88% 88% 88% 80 30 30% 29% 30 % 10,000 *95 96%' 96.% 8% 8% 59% 60% - 35% 14 *95 60% 35% 31% X30% ' *8% 60 3471, 34 88 13% 88 ' 32% % 2,500 8% GO *95 3,800 97% 9% 8% 8% 600 60% 59% 60% 2,200 16 THE (2236) 1 per 8 per share share 12% Feb Feb 27 10 Vb Jun 24 Continental Motors Apr 55% Dec 46% Feb 11 69% Jun 18 Continental Oil 12% Apr 27'/a Oct 14 Mar 16 19% Apr 16 Continental Steel 14% May 19 Feb 19% Mar Jun 14 Cooper-Bessemer 43 55 Dec 17% Oct May 12 % Jun 44 Dec 9 33 x49% Mar 17 55 Feb 13 July 12 2iy8 Oct 22 11 Nov 1 20% Feb 9 V* Nov 10 15% Jun 15 61 Jan 50 Dec Feb 13 57% July 14 49 42% Mar 24 Feb 55 12 % May 51% 6 23% Oct 10 18% Dec reo 18 Nov 88% Dec 105% Feb 88 Nov 3 88 Dec 105% Jun 86 Oct 28 Jan 58 Vh Nov 26 Aug 164% Oct 18 61% 32% 75% Sep 195 Dec 170 15 97% July 98 1 66% Mar 24 Copperweld 4% Dec 8% Jan 3 % Sep 20 5% Jan 2 Dec 4% Jan 2 Vb Nov 26 3% Feb 2 Feb 13 39% Jun 14 94% Aug 31 98% Jun 15 24% Jun 8 29 Feb 107 Mar 11'/a Dec 16 Oct 22% Dec 30 Jan 9 V* x21 13 Nov 9 Mar 18 Cum Corn Co 46% Mar 6 $2 25 34% Jun 1 Oct Nov 10 Feb 91% Feb 24 Oct 99% Nov 16 22% May 37 y4 Feb 21% Nov 24 28% Jun 96 Jan 66% Nov 24 78% Jun 34% Oct 26 Va Nov 34 21% Jan 66 Dec 22 ' May 13% May 12% 182% Dec 24% 56 71 Nov 24 16 y2 Nov 15 7 Feb 11 122% Feb 17 61 147 Dec 70 - 48 Mar 6% Feb 4% Feb 21 '/a Dec 18% Feb 13 Jan 27 13% July 15 *132 Feb 129 133 Apr 30% 18% May 21V* Mar 16 Feb Aug - | 2 .28 V* Sep - "137 2 25 24% 24% EXCHANGE 24% 24% *53% 54% *53% 54% CLOSED *53% 54% 18% 19 % 50 *24% 25 *53 % 54% . 20% *49% *49% *10Va 10% 52% 50% Thanksgiving *9% 10% Day 51 % 52 52 20% 59% 1,000 570 19% 2,800 *90% 91 *89 % 91 *89% 91 *90 91% *89 % 91 *90 91 59% 60'/a 58% 59% 58% 171% *171% 172 % 171% 58 172 "20 Vs 58 Vb *170 % 172% 150 59 171% 171 100 9% 51% 19% 197/a 19% 19% 19% 50% 9% 91% 91% 500 7,200 51% 91% *90 59% 171 20 19% 91% 91% 49% 50% x9% *52 9% 52% 10% •20 19% 19 20 19% 50 % 20 52 *90 4,300 r—1 •3% 3% *3% 3% 3% 3% 3% 3% 3% 3% 2,100 1 2% 2% 2 »/4 2% 2% 2% 2% 2% 2% 2% 1,500 31% 32% 25 31 31% 100 *92% 1 9% Seal 22% 32% 33 *92% Corp 96 32% 33 *92% 33% '23 6% *36% 5 26 96 10o 70 27 preferred Press Prior preferred.. Class *74 5 9,100 7% . Inc 7% Cutler-Hammer Inc pfd 8 7% ..1 Cushman's Sons * ■ 140 27% 37 36% 36% 800 25 25 25% 25 *95% 95% 96 *95 , • 99 21% J 21% 67% 67% 66% ' 67 % *66% 27% 26% 26% 26% 15% 15% 15% 15% 180 *160 8% ' 15% 8 *69 72 74 71 71 13 13 12% 12% 12% 16 % 17 17 16% 16% *16% 7% 8 " ■ 138 • - * 7% 7% - 139 % 137' 50% 50% 7% 7% 7% 20% 21 '132 21% 21% 140 28 28 *132 140 X27 % 20% , 7% 100 , 500 - , 7% 22,700 20% *132 2,100 140 25% 27'A 11,500 . 50 % 20% 20% 26% 200 7% 140 r. *132 * 21 Va 500 137 50 7% 7% • 200 . 17 *135 50%' 50 % l 3,600 12% ;.7% 7% 139 .137% 50% 1,800 180 *72 7% 800 320 8 13 Va 7% 27% 68 *160 8% 78% *16% 2,800 26% 15% 15% 8 90 i 21% 26% 180 ♦160 8% 8% 3,800 95% 21% 27 300 97 *95 22 50 % 21% '132 4,100 21% 180 138 7% 21% 100 No par ■ 52 . 17% 13 Va * 140 *50 1 common A ■ 140 No par; 23 17% 69 Va *74 17 *16% 23 18 Va *35 95% 100 900 9% 23% 17% 25% 95% *97 - 22% - 8% 13% ; 25% 95% .15% 78% *12% 26 *160 8% ♦ 100 68 180 8% 100 Inc Curtiss-Wright '160 10 36% *26% 15% *15% 100 common. 36% 22 70 27 37% *98 22% 100 18% 9% 9% *23 23% 18 95% 102 22% 23 18% 25% 95% ' 23% 37 26% 95% *98 No par pfd % 9% 9% 9% 18% 37% No par 9% *23 18% —No par non-cum 9% 23% 18% com *92 % ' 2 com 96 *92% 9% 2.50 com preferred 4%% 96 - .No par & Cunningham Drug Stores Inc 2.50 Curtis Publishing com No par $7 preferred No par 1 July *x31% May 26 1,200 *24% 25 *90 :25 preferred.. conv Cuneo May 14 12% July 21 11 12% May 24% Jan 5 America of Cudahy Packing Co July 30 - 150 Mar 11 Feb 12% . - 4% May ' 88 12% Nov 18 15% 10% 100 preferred RR 1% 1»% 8 7% 52 Cuban-American Sugar common__10 4 17% May 18 13 Feb Nov Jan 9 Jun STOCK 100 * com Zellerbach 5% 13% May 21 Refining $4 2nd preferred Crucible Steel of Amer Cuba 4,600 15% 100 1947 common... Cork $4.20 2 54% 15% 49 of preferred 17 Jan 177 24 Nov 14 17% Aug 11 Apr 21 19% Jun 113% * 8 27 % Oct 0% May ' ! 101 1 • Dec Xl6 155 Sep Mar 17% Dec 26 12% Feb Jan 165 Jan 165 103% July 14 Jun vl 129 54 Vb 16 49 l preferred Crown 34% Dec 10.200 55% 16 20% Cream of Wheat Corp (The) 18 7% 54% 16 Va 8 * 3%% Creameries Crown 7% 55% 16 20% Coty Coty International Corp Crane 7% 54% 5 common- ser 7% 53% 54% preferred Inc 36% Nov 130% Apr 98 pfd 3%% Products 1% 26 Vb 108% 25 Co Shares 7% *53% 20 10 105% May Steel the Week 54% No par -m* S per share for Sales Nov. 26 t per share f per share 16% 25 50 52%' Mar • Dec 41 common—5 Corp Nov. 25 Nov. 24 t per share 7% - •16 Exchange Bank & Tr Co Corning Glass Works common 3%% preferred 17% Nov May 27 14 1948 55% 7% 55V4 Corn 2 Jan 40% 26% May Dec Corp $ per share I per thare 5 Delaware Convertible pref 5% series Cornell Dubilier Electric Corp Mar 19 2% 97 Nov. 23 Friday Thnrsday Wednesday Tuesday Nov. ii 1 of $3 prior preferred July 21 177 Monday Nov. 20 Par Monday, November 29, HIGH 8ALB PRICES Saturday t per share 35 6% May CHRONICLE LOW AND STOCK EXCHANGE Highest Lowest Highest $ per share NEW YORK Range since Jap, 1 Year 1947 FINANCIAL & STOCKS - Range for Previous Lowest COMMERCIAL 26% 1,500 19 % 3,800 D : 19 Sep 30% Jun 10 Sep 85 Oct 8 94 Va Jun 24 ___100 *87 88 23% Oct 13% Mar 9 20% Jan 2 Davega Stores Corp common—.2.50 *15 16 * 25 17% Jan 6 *14% 16 *14% 24% Oct 18% Feb 14 28% July 14 Jan 24% Feb 25 31% Aug Dayton Pwr & Light 82% Nov 16 94 101 Va Sep 33 .. July 84 Feb 9 Feb 8 Vb Sep 45% .Aug 31 » 23'/a 20% Dec Sep May 29% i series A 35 % Dec 11 common pfd ,101% July Dec 12% 3%% 5% conv preferred Davison Chemical Corp 18% Jan 84 28 Feb 15 82% Corp Sep 97 Nov 14% May 24 Dana 26% 19% Aug 90% Dec Oct . 94 4 17 Jun 5"% May , 59 17% 16 Jun 15 46 Va Jan 2 38 V* Jan 20 Feb 7% Feb 11 13% July 12 Dec 14% Feb 44% Dec 32 % Mar 16 58 20 21% May 17 Records Inc Deep Rock Oil Corp Deere Co & 7% 9 & Delaware .1 Hudson..; Lack & 88% *86% 88% *86%- 9% 9% 9% 9 9 8% 9 8% 29 ctfs for Escrow ctfs for *28% 28% 500 34 29 % 34% 28 V, 34% 34 34% 34% 34% 6,100 34 34 34 34 34 34 34% 34% 1,000 43% 43 43 x40a 41 9% 9 *42% 43% 9% 9% com 100 27% 26 pfd.: 100 47% 47% 47 47% 20 20% 20% 20 'A 20% 19/64 32 27 10 5 *12% 9 2 —.12.50 22% 18% Jan 13 19% Oct 14% Mar 12 Mar 17 May May Jun 10 X19% May 21 20% Oct 19 Sep 25 Jun 2 55% Oct 47 Oct 19 56 Apr 21 Feb 11 Nov 24 23 Jan 5 40% Detroit Hillsdale & 8WRR Co__100 Corp.... Vilbiss Co Devoe & Raynolds class A Diamond Match 28% May 39% 21 Va Jun 76 29 Oct 16% May 45% May- Jan ; ' Nov 41 13 r t 98% Dec 114% Feb 13 Feb 97 Feb Divco 90 Feb Dec Dr. 16 Dome Mines 106% Jun 15 31 Vb Jun 21 Dresser Feb 83 Jan 2 98 12% Feb 11 20 July 16 May 15 18 May 20 Duplan 129% Aug 115% Jun 113% Jan •94 Dec 19% Mar 188% July 9 124% Jun 17 Mar 18 28 Feb -11 12% Oct 99% Jim ; 111% Aug 24 116 22 15% Jan 1 3%% Year 1947 2 -Range since Jan. 1 - • Lowest $ per share ■ 25% 3,900 46 46 % 800 20% 20% 20V4 20 % 9,200 32 19/64 19/64 19/64 19/64 i'e 185,500 58 58 *55 ■ • 10% 10% 10% 10% 23% 23% 23% 23 % 13% 12% 12% 12% 12% 22% 22V4 22% 22% - x22 , 58 *55 10% • 25 46%. 20% 19/64 58 *55 10% 10% 10% 23% 23% 23% 12% 12% *12% 12% 1,300 22 % 23 *21 % 22% 1,600 10% *23 1,500 ., 700 42 41% 40% 41 40 % 41 *40% 41 % 700 45% *44% 45 Va *44% 45% 44% 44% 44 % 44 % 200 13 12% 12% 12% 12% 12 12'/s 12 12 16% 16% 16% 16% 16% 16% 16% 16 Va 16% 10,300 14% 800 41 1,400 15% 15 14% 27% 26% 26% *27 28 27 27 28 28 49 49 49 *48 49 49 49 48 48 11% 11% 11% 11% 11% 11% 11 11% 11 11 5 33% 33% 32% 33 32% 32% 32% 32% 32% —No par £ $4.50. series Preferred $3.50 11% 20 90 *87 14% *13 13 " 173 *120 172 121 *98%* 120 98% I per share 46 90 30 11 % 11 % 48 46 46% 100% 100% 98% &200 49 46% 1,400 11% 48% 99% • T500 " 100%"' 100 100% 19% 20% 99% 20% 100 19% 2,400 4,900 600 "• 100 1,400 19% 8,500 *87 173 90 *87 *13% 14 % *13% 14% 13% 12% - . 12% 12% 12% 12% 12% 169 167% 168 % 120 % 119% ,119% 400 * 800 171 121 172 120 90 168 '119% 120 98% 98% *98 % 98% *98' '114% 115% 114% 114%0 *114% 13% *13% 400 7 k 115%*: *114% *14% 13 *12% 13 % 13 13 • *86 98% 98 90 ■'.» 13 % 98 100 1,600 > 2,600 - 114% 13 115% 40 13% 115% 13 % 400 LOW AND HIGH SALE PRICES NEW YORK STOCK ■ Highest • 11% 47%- 46% 20 13% 173 11% 49% 100 14% 13% 11 VB 49 100% 20% 13% a '■ 101 *13%' No par ■" 15 •32% 46% •' 100 Va' 100 Va 20% *87 .No par1st pfd___._100 - •' 47% 20% series 15 51 46% 101 .1 Preferred 49% 101% No par Duquesne Light 5% DWG Cigar Corp •llVa 47% *100% 100 International 11% 51% >99% ' 101% 50c preferred conv 11% i ! 47 % 15 common 15 51 r, :__No par common.. 15 STOCKS Highest *46 47% 15% Corp Range fur Previous Lowest 26 20% 23% 16% Du Pont de Nem (E I) & Co com__20 3 Jun Co Industries Dunhill 12% Mar 11 '107%? Sep 8,300 *41 $4- preferred series A__j__^No par $3.25 2nd preferred 1 No par 106% Oct 22 Feb Sep *56 25% *47 *47% Ltd...:— Chemical Nov Deo 26 *26% Douglas Aircraft —-i... 19 Dec 25% 700 9% *12% r 2 Corp Dow 98% July 24% 41 __._No par Doehler-Jarvis 24 17% ' 8% No par 50% OCt1 19% Nov 26 164 *39% 9% *44% 2 i Pepper Co Dec 197 % 8% 9% No par Dixie Cup Co common Class A 10% May 14% Nov May % 1 67% Apr 15 13 23 May 58 10% 25 Corp Feb __ 6 104 V*. Oct Dec *56 No par common 6% partic preferred Diamond T Motor Car Co Distill Corp-Seagrams Ltd Jun 40 11% NoV -22 47% Nov 24 32% Feb 20 42% July Sep; 28 j. 34 Dec 8% % v 16% Jan 46 *43 29 RR 28 % Jun 19% May 26 2,800 34% 13 46% July 29 8% 8% 29 11% Nov 13 1,900 29% Feb 24 80 10 34 Jan 35% Mar 12 8% 100 89 9% 10- 1,200 3,400 „ 35 19/64 Steel 19 34 Rights De ' 19 34% *23 Feb Dec 9 *29 < 1 Nov I per share *86% 10 1 38 • '88 Detroit-Michigan Stove Co 12 • 86 % Detroit 9 Feb 14 86% 23 Jan 92% 86 Va 26% Oct Jan 110% *85% 13% May 24 47 my# 86% 60% Jan 24% 173 *85 19 50 80 86% 50 West ' . 26% 86% 11 Apr 14 26 86 % Nov 22 y8 Mar 18 Dec 91% 26% 100 Western Detroit Edison 9 Nov Soy# 19% 26% 10% Feb • , 19% 26% 8% 20 Escrow July 15 % Nov 9 11% May '* 20 26 *85 No par common preferred Delaware 39% July 15 11 17% 25 20 50c 35% 49 20 26% Decca 42 % .19% 20 9 series B 160 26% 10 34% May 24 50 y2 Jun 24 15% 16 88 5 21% Nov 15% *14% • 20% 31% Oct 20% May *14, 10% 13 57 16 88 SeD Oct *14% 27 13% July 26% Oct H 16 *26% • 22 Jan 15 % •10 29% Feb 62% Aug 10% May 89 *14% *86% 42 28'/a Nov 10 V* Nov *87% 15-" 13% Jan 24 Apr 19% 87 Va *14% 100 Oct 27 % Mar Dec 19% 87% 15% 50c 19% 6% May 20% 19% 87% *14% Dayton Rubber Co. Denver & Rio Grande 25% May 20% 19 87% 15% 5 Feb 10% Preferred 3.75% 1 7 100 A 19% 88 14 % 10 45% Mar 32% May (The) common series 19 19 87% Jun 46% 33 3.75% 20 19% 15% Jan Sep 27 7 % Sep 38% . Preferred 19% • .' <• - Saturday EXCHANGE $ per share Par / • Monday Tuesday Wednesday Nov. 2'i - Nov. 20 Nov. 23 Nov. 24 I per thare share f per share S per share ; Thursday Nov. 26 f per t per share <••■ ■> Friday Nov. 25 1 , for ; the Week 4 Sales share Shares > 1 19% '16 Jan 25% Aug 18% Nov 26 Nov 24% 13% Oct 11 Apr 16 14% Dec 42 % MaY 163 Dec 42% May 18% Dec 88 Dec is y« Aug 104 „ Dec 51 13% Nov 38% Feb 10 Sep 27 > 47 V* Feb 28 69% Oct 26 Eaton Feb Xl5% Nov 26 19% May 17 92% Jun l Edison Bros Stores inc 16% Jan Ekco Products Co 109 Feb 27% Feb 111%. Feb 8% 33% May 39 Va Jan Sep 3% 11% May 19% ,171 82 Mar 11% Nov 98 Sep 5% Jan Feb Feb 15% 175 38 V* Nov 11 Feb 8 18 17 5 10 13 32% Feb 19 Jan 1% Nov 10 Feb 13% Feb 11 July 139 12 24 56 37% Jun Feb 10 166 123% Feb 11 147 Oct 49 Va Feb Sep 28 9 55% Nov 45 46% May 9% May 23 Aug 19 10 • 6% 4%% Oct 3 17 Dec 12% Feb 11 20% July 15% July 19%. Jan ' 107 Apr Mar 12% Jan 2 x29% Jan 22 97 Feb 27 6 9 16% Aug 27 34 104 Jan 8 Jun 10 Dec 10.% .Nov 13% Feb 4% Nov 23 24% Feb 9% Nov 18 25% Jan 32% May 50% Oct 35% Nov 5 *6% Dec 13% Aug 4% Nov 18 For footnotes see page 7% Mar 17 24. 9 Jan 14 20% May 17 11% Jan 5 49% May 3 7% Mar 30 -* . *159% ■ Thanksgiving Day 15% 15% xl5% *89% 91% 11% 11% 11% - *6% loo *96 6% 41 % 41 6% 40% 14 % 14 ^*33% >' 35 *1% *33% 1% 19% 19% 154 154 *134 138 1% 19 - 15 *30% Eureka Williams Corp Evans Products Co 99% °4% No par : 30% *98 1 ... 40% 14 Va 13% 14% 34 *33% 1% 19% 1% - 19 *96 ' - 6% . 155 138 2,900 ' 33 Va ;200 / *33% •34 1% - 1% 1% 1% 18% 1% 19% 14% 19% 18% 18% 153 *135% • 154 f.-. 200 50% 49% 50% '49% 49% *15% 15% 15 Va 15% *15% 15% 15% 400 20 % 20 % 20 Va 20% 20% 20% 15% 20% 21% 3,100 56 Vi 57% 55% 55% 56 56 55% 55% 900 45 Vs *44 . 1,000 *44 45% *44 67% 67 V, 67 67 67 67 14V4 14V4 14 Va 14% 14 14% 11% 11% 11 Va 11% 11% 11% 14% 14% 14% 14% 14% 30 30 30 30 % *44 45% 68 68 V 500 14 14% 2,300 11% 12 1,600 14% ■r • 45 Va 14%~ ; 800 29% 30 Va 30% 30 Va *98% 99% *93% 99% *98% 99 va *98 % 99% 4% 4% 4% 4% 4% 4% 4% 4% 4,500 15 Va xl3 Va 13% 22,700 *55 56 *61% 66 Vi *61 % 66% 4% 4% 4% 4% 8% 1,100 138 £0% 66% *4% 151 137 * * 11,200 51 57 *37 1,800 ■ 151 , 138 14% * ; 14% *61% 3 ', 14% *54% 1 4 600 - t 14 ' 15 V* 2.50 '(i ——— 33% . 66 % 10 % ■ . 4,600 55% Va 6 Va • 41 Va 15% 10 6% ' •„ 1,100 *' ' • 40% 55 % 5 100 40% *61% 5 ' 1,500 - 40 34 *135 100 50 5 Corp 40% 6% * - •" 100 5 Exchange Buffet Corp 5 41%-- 6 -*152 14% Co _lo Endicott Johnson Corp common__25 4% preferred 100 *96 "• 6% • 155 15 Empire District Electric 100 % ■ 138 11% *11% 6%' *96 • *152 14% 4 5 100 *135 68% RR Co 3,700 15% 91% 11% * : . 20 *89 % No par common 10,900 67% 15 % No par preferred series A 2,100 m 43% 12 Va 3 Bldg • 162 65% .,■■ • 91% 14 Ex-Cell-O * 64 % 11% '67 Eversharp Inc 43%- CLOSED 4*% 162 15% ; . Pittsburgh 64 i. 8,400 500 *89% 3 RR 162 64 14'/a 2,300 16 45% & 43% < 165 64 14 • 16 11% 60 5% • *162 63% EXCHANGE " * 14 % 16 91% 21% Erie 44- 14% 19 14 1 STOCK 11% *44 Erie 13% • ■ *15% *20% 16% July 12 65% July 15 14% 18% 14% 16 • *89% *56% 68% Apr 14% 16 i . VA ', 11% 50 14 43%' . 164 16 19% 15% 50 11 13% 19% 14% 91% conv preferred preferred 59 *16 Vb 19% - 15% Paso Natural Gas Emerson Electric Mfg Co Emerson Radio & Phonograph Office 14%* *89% 5% 50% Feb 17% common El Equitable Xl9% *11% 5%% Co 44 k - " 2.50 15% 5 14 63% *15% 11 Sep 164 15 9 Vb Feb Feb 43% * ^63% lo 4% Jan Mar 165 common Feb 85 1 63 % Elgin National Watch Co Dec 67 * Elliott 4% Nov *160% 50% 12% 7% May 14% 44 50% Dec 63 14% - 50% Dec 47% May 14% 14% No par 3% 4 17 ' J...100 common Electric Storage Battery 8% 6 % Nov 16% 44 Convertible preferred -..No par Elec & Mus Ind Amer shares Electric Power <fc Light com__No par 6 Jun 17 *13% 74% Jun 14 49 76 ■ .4 preferred 13 14% *16% b common preferred 55y4 Feb 20 14% Electric Boat $6 6 19% »14% *96 $7 "Jan 20% 14% 4%% preferred.___________._ioo Elastic Stop Nut Co 1 Electric Auto-Lite (The) 5 26 27% Jun 14 - 10 100 preferred. 21 9 20 % 1 A6 Manufacturing Co. Oct Oct 38 ^ preferred Oct 56% Jan 17 7 59% 9% Mar 18 11% Dec 27% May 102 May l 2% May 24 23% July Feb 14 Jun . 16% Oct 21 57% 19 Va Nov 2 Jan 156ys 24% Mar 17 8% Jun Dec 10 Jun 106 Jan Dec 10 Inc.. Dec 16% 47 46% May 15 Co Airlines 25% Feb 135% 157 - Eastern 57% 65% Dec 8 Eastern Corp common Eastern Stainless steel Corp Eastman Kodak Co common * 50% May 10% May 2 1 22% Jan 10 48% July 198% Oct Eagle-Plcher 19% Nov 24 Jan 4% May 145 Nov 25% May 27 20% May 18 4% 10% 15% 5 10% 14% 10 8% 8V1 8% 8 Va 38% 36% 36% *36% 4% 4% 4% *4% % 55 10 Va 9%: 8% 37 % 4% 8 36 ■ 4%* _ 4% 13 % 54% *61 - *4% i . *9% r 8 8% 36 •- * 14 55% 10 1,100 55 500 66 — 4% 10 -8 Va- -4% 2,300 35% %: *4% . — 1,000 35% » — 2,100 . ;;. 400 300 » • COMMERCIAL THE 4755 Number Volume STOCKS Ranee for Previous Year 1947 Highest f per thare S per share Monday Nov. 22 Par Nov. 23 $ per $ per 8 per share thare Thursday Wednesday Tuesday Nov. 20 $ per thare $ per share 17 HIGH SALE PRICES AND LOW Saturday EXCHANGE Lowest (2237) CHRONICLE >r. t STOCK NEW YORK Range since Jan. 1 Highest . Lowest & FINANCIAL Friday the Week t per share $ perthare perthare sales for Nov. 26 , Nov. 25 Nov. 24 1 share Share» F 60 Jan Jan 31% May 25 Vb 10 Fairbanks 33 % Oct 28 28% Oct 29 Apr 14 May 9% Feb 5 Nov 24 11% Dec 14% Dec 11 Feb 11 '38% 39 % *38% 39'A '17% 18 Federal Motor Truck No par 6% 6% 6% Federated 5 -.27% 27 % 26% 27 26% 27 91% 90 91 90% 90% Jun 3 9% May 14% 5% Nov 24 28% July 20"% Feb 10 31% May 14 Feb 9 4%% 15 99% Jun Dcpt Stores com 10 24% Sep 7 Felt & Tarrant 26% Jun B Ferro Enamel Corp Feb 20 '91 100 5 1 preferred 18% Mar 17 Feb 26% Dec 14% 14% Mfg Co 20% May 26% Jan 46% May 59% Feb 53% Feb 28 69 7/» Oct 26 Fidelity Phen Fire Ins N. Y 42 % 61 43 Feb 11 53 Jun 29 Firestone '20% 22 100 5% 19,900 14% 7,100 38 38 , *16 Va tfv 600 200 17 5% . 2,100 1,900 5% 2,800 26% 27% 26 % 26% 4,300 90 90 *90'A 91% 220 21% *21 '/a 21% 100 21 Va *21 Va 22 300 21% 21% 21% 21% 21% Day "■ 6 57/a *21 Va *21 % 21% 21% *21 21% '21% 23% 14% 17% 17 6% 6 29% Thanksgiving 39 *38 17% 17% 6% 38% *23 5 14% 14% 39 *38 18 17% 38 V8 *29% 5% 5 5% 5% 12 Vb May 18 20 CLOSED 14% 43 Mar 11 90 EXCHANGE 23% 5% 16 Jun STOCK 29 Va 23% 14% 35% Feb 107% 38% 29% 24 5% Feb Apr 38 29% *23% 14% 23 July Dec 39% *29 % 24 5% 16 Oct 42% Mar 19 38% 29% *23% 14% 16 23 % 97% 39 29% 24% Fedders-Quigan Corp —_1 Federal Mining & Smelting Co 2 Federal-Mogul Corp _5 11% Jun Dec May 39 29% 5% 20 16% Co 20% May 22 ~4% 32 40 29% '23% Fajardo Sugar Co of Porto Rico—20 Falstaif Brewing Corp 1 Farnsworth Televis'n & Rad Corp—1 Nov 38 & 40 54"% Jun Feb Morse No par 24 26% Mar 17 20 44 * Jun 104 107% Aug 62% Dec Sep 51% May 14% May 24 Feb 103% Nov 14% Feb 20 20% Aug 9 39 % Oct 29% Nov 24 42% Jun 14 Dec 110% Feb 97% Oct 30 May 41% Jan 30 13% Feb Jan Dec May 9 40% 15% Feb 21 23% Feb 9% Mar 17 110 Dec Food 47% Jun 14 10 Nov 19% 23 56 53 % 53% *17% 17% 17% 17% 17% 17% 17% 17% 31% 31% x29% 30% 29% 30% 29 VB 30 29% 29% 98 98 *97% 100 31% 32 31% 31% 13% 13% 12% 13 VB 13 13 25 24V4 24% '32 —7% '13% 13% 13% 13% 13% '13% 13% 13% 13% 13 13% 25% 1 — 25% 25% 11 11 8% 22 Jan 10% Nov 50% Feb 8% Aug 9 35% Feb 13 Jan 10 39 ,17% 11 33% 32% 33 86 85 86 86 *87 88 87% 25% 26 12% Feb 16% Nov 23 Feb 43 % Feb 29 Dec Oct 109 Jan 58% <149% Dec 11 Dec Dec Feb 8"% Feb 28 13% 185 Apr 1 9% Mar 17 Jan 8 May Apr 37 Sep 47% 23% Dec 33 Feb Dec 160 Jan 137 ' 14% 39% May 87 Dec 24 24 Jan 34 - Mar 19 87% Nov Aug 16% Mar Jan Jun 54% July 43 May 123' Dec 100 Dec 131% 14 13% 13% 13% 16% 16% 16% 16% ♦16% 17 6% 6% 6% 6% 5% 6 *29% 30% 29% 18' 18 18 17% 17% 2,600 15% 15 Vb 15% 15% 15'A -3,400 *103% 104% *103% 104% - *103% 104% 46% 46% 46% 46% 45% , *100% 102% 9% 9% 51% 120% Dec p '. Dec 11% 76% 30% 20'A 20% Inc com—No par Foods Corp com—.-No par General 8 2 17 *90% General Instrument Corp General Mills: common 25 2 5% 3 3%% preferred conv preferred Range since ' Lowest t per share ' 119 Oct 93% Feb . , 16% Feb 24 2% Feb 13 Jan 11 Nov Feb 19 Nov 9 Feb 120 Sep 15 6% 29% Feb 17 Oct 22% Feb 9 Jan 24% Nov 15 Jan 110% Feb 13 Dec 35% 19% Apr 30 Feb 23% Aug 11 22% Feb 11 95 Dec 106 Apr 98% Apr Jan 2 » 50% —No par Preferred $3.75 series— ;Nq par Gen Outdoor Advertising—No par ♦121% 14 10 General Gen Steel General Telephone Corp— 29% May 18 Feb 20 Nov 26 30 108 Jan 80 Nov 3 98 Feb 72% Jan 23 May 12 82% May 19 36% Dec 27% Feb 13 -39% May 21 105% Jan 89 Nov 15 Jun 17 *80 —100 100 preferred preferred—— 4%% 3% % 24 3A *25% 25%>.;<13% ,12% 13% 3% 24% 25% 23% *80 83 *72 76 . 24% 25% *24% *72 *72 4 • 23% May 90 Dec 96% Jun Gillette Safety Razor 32% ' 32% com—No par 32% 85 30 22% 26 % Dec 104% 21 Nov Sep 48% Feb 4 Oct 113 Feb xlC 71% Dec Dec Feb Mar 1 0% Oct 28 Mar 10 Nov 10 122 Nov 61% 64 % Oct 941/4 Mar 11 103% Aug 50 % Oct 23 26 Dec 109 Aug 96% Mar 18 105% Oct 4 24 Jan 16% Nov 26 23% Jun 14 - *49 7a 50% 5% 5% ■ 5% 5% 118% 5% 118% 1G% 16 Va 16% 16% 60 *102 103 43 43% 3 May'. » 8Vb .Oct 3 Nov 10 8% Mar . Dec 5% Feb 17 1 - 15% Aug 20 ;b% Jan: Graham-Paige Motors 2 1 — 3% 3% 3 3 VB *6% 6% 6% 6% 18 Oct 20 M S & P 5 Grand Union Co (The) new—;—10 35 Oct 22 Granite Granby Consol 8% Apr 23 17 *16% • 16% 16 3 29% 29% ' 21 Vb 12% May Oct Dec 33 Jan 90 Dec 107 Mar 9 May 18 23% 14 V. Feb 11 23% Nov 15 31 May 26 Nov 8 99 Jun 15 14% Sep 2 89 Feb 9 Vb Mar 16 (W T) Grant 3%% No par City Steel 297a 29 3A- " Dec 12 37% 20 Dec 133 Dec 59 29 Sep 12% Jan 19 49% 34% May Feb 17 Dec Feb 36 Va Feb 11 27% Mar 163% - May 70 Jan Mar 27 18% Nov 24 132 Feb 60 Feb 27 57% 13% Apr Dec Dec 57% Feb 16% Sep 14 see page 24. Jan 10 2 24'A 23% 91% 24% 24% 24% 24% 91% *90% 91 Va *90% 91 % 91% 127a 11% 11% *12 12% 12 *33 36 36 *33 *33 91 '> 11% 12 36 *32 500 2,900 •23% 90 91%. 600 12 35 14% 2,700 42 Va 3,900 | I 18% 18% 1,600 > 130 ! 23% Jun l 145% Jun 17 (H Green L) , Jun 97 Jun 1 & Die Corp..No par (The) 4%% 3 14 Aircraft Guantanamo July 21 $5 conv 73 35 35 *14% : 18 —1 *6% No par *93% 20% Jun 23 Gulf Mobile & Ohio RR com.No par 13% 58% Jun 16 $5 preferred———.—No par *47% 81 •• Jun 18% July 21 9 Gulf > Oil Corp 15% 10% *90 10 Corp Sugar common preferred 137 *69 ..100 preferred Grumman 19% *19 *135% 19 19% *136 136% *71 . 35 xl4% 74 136 % *71 138 *136 138 *136 138 74 *71 74 ♦71 74 35% 35% 35% 14% 14'A 14'A — Common 4 25% July 12 9' No par No par 100 100 Co Inc Greenfield Tap 13% May 17 76% " For footnotes 29 24 18% 98 10 28 24 VB 14% 5 Feb 29% 24 1,700 41% 9 44 28 29% *117/b 400 6% 16% * *9074 i3,700 3Vs 16 Vi» 6% 18% Feb 12% Nov 24 3 *6'A 16% 14%| Nov Feb 6% 42% 10 Dec t—/ 3 16 18% 91 14% j 600 41% 9 51 6% May 31% May „ 18% 27 7 17% 42% Jan Feb 16% 1 100 42 Feb 85 5,700 43 Va Dec Dec 200 43 42% Greyhound Corp 95 , 1 % pfd Great Western Sugar com 1% preferred Green Bay & Western RR 17% May 17 May 102 100% 43% 40% Jun 78 !, 43% 77 9 !i 2,900 Gt Northern Ry 6 10 5% Mar 1,800 14% 24 Jan i » , , 14% 21 8% ! 30 14% 13% Sep 4% May 800 14% 29 Va Feb - ! 5% 120 14% Apr 17% Nov 24 200 14% 21% Mar 12 i 1 14% 35% Aug 105% 42 % 1 100 - 49% 100% 28 36 5,200 2,800 80 Va .20 60% 102 4,900 •' 18 Va <■ ■ 5 *33 32'A 91% $2.25 conv pfd———No par Dec Dec . 6% r Gt Northern Iron Ore Prop—No par Oct July 4 3'/a 17 ' July 14 40 14% 9 6'A ; 15% May 21 50% May 15 29% 92 3.,." 17 ~t' 1,200 r 16 % 17% *17- 18 100 20 Vs 60 - 43% 101 .—100 Co common preferred Grayson-Robinson Stores com ^ 28 . 60% 103 yB *100 101 17% 18 Va *18 18% *100 60 42% 280 1,100 104 16% 16% *102 43% 116 % 121 16 V. 103 43% 101 *100 102 18% *102 102% 42% 5'% * *117 60% 60% 102% 43% *100 16% 61 60 60 No par 120 '118 121 5 Va • 5% 497b 50% com——No par (B F) preferred *77 19% 21% *16% $5 18% 18% *21 Goodyear Tire & Rub com—No par $5 preferred No par Gotham Hosiery No par 11 38% Mar 17 31% '90 21 *49% *118% Goodrich Co 47 Vb Mar 16 20 80% 22 Vb 10 Inc 18% 50 Va * 400 t 76 x22 5% 1,300 24% *102 91% 20 VB 20 2,600 83 *77 ,■ 18% 79 24%" *72 x50 % 5% preferred————50 18% 79 4,400 - 24% *80 22% *49% conv 18% 1 70O 12,700 25 126 76 22% 1 4%% Goodall-Sanford Feb *78 80 50% Goebel Brewing Co—1—_ 1 13% May ' (The) 18% 19 18% *78 Gold & Stock Telegraph Co——100 1 24% May 17 July 106 Glidden Co 38 No par com——No par preferred $4.50 3 27 5 Gimbel Brothers common— May 15 May 18 55% July 6 19% Nov 10 Feb '' 95 85% Jun 33 Jun 41% 25 10 124 Jun 99% 14 Nov 7 . Dec 49 17% Feb 78 58 51% May *5% May . Feb Jan - 103 Dec ^ 22 24% 31% '<32% *90 91% *90 % 80 ' 17% May 32% 32% 32% 91 *90 91% *89% No par $5 conv preference 2 ^ 125 Va 83• ,/ 4,800 6,000 24% 125% * 20% *80 : " 14 4% 25 , ■; 11 %' 4% / 1 900 . 3 3 ~'-11% Day 700 600 : " ..v , 104 20% 83 - 25% *102 76 " X''13% 4 36,100 , 13% ; 25% 24% 25 25% *80 « 21 126 25 Vb 76 • 25% 25% 21 I - 25% 25 125% 104 * 96 *123 4% 4% 20% > 123 4% 102 :.;.i3% ■.w. v Thanksgiving Shares 57% 122 Va T96 - 21 29% *24% * • CLOSED ■ .< - 122% 11% 11 Va 123 126 57 EXCHANGE 3% • share -STOCK , 13% Sales for the Week tper share 122%. 96%;« 96% 25% 11 Va . ' - \ 58% .25% % 21 126 83 • *72 : !■ - 1*24 *25% 25% there 122% , 25 $ per Friday Nov. id Thursday* > - '3% 24% 24% 26 $ pee ,13%, 4% 21% 21 210 200 57% 13% 11% 104 *102 21% 122 105 ; 96% 20% 25 *24% 25% 122 105 New 34 122 124 126 25 50% 122% 105 58 Vs . 1,100 2,600 105 ' share 96% 9Va 49% . 122 105 *3Ve 4% 126 -50% 100 9% 49% 9% 9% 50 •T23 13%, llVa 4% 104 *21 92 VB 95 *B1 ' 9% ,25%, 20 25% *102 92 Vb 95 ,13% 125 25 25% , : 11 Vs 25% *25 Corp com—-No par preferred 100 Gen Tire & Rubber Co com——5 4%% 90 Nov 7 Gen Time Instr 6 15 Dec .20 3,300 122 • . 3 Vb 20 127 *126 25,600 38% 58 13% *123 4%' 24% 1 .—__— Castings $.6 pfd—No par 37% t per 3% 11% 25% No par Refractories.^ General Shoe Corp 23 36% 37% Nov. 23 A 20 10 131 *128% 37% 38% * 59% 125 ♦4% 900 36% LOW AND HIGH 8ALE PRICES Wednesday.: Tuesday t .13% 3% 20- 800 19% 38 *103% 25% 25 14 *123 — 29% 37% •122 14 *13% 26 3%11% Public Utilities 6% 12 81 .. Gen Railway Signal 31% Jan 85 • 76% 19% 39% 50% 50% 96% 96% -96% 140 75% , 131 *128% 131 6,100 1 *28'A 19% 122% 122 122 14 25% .13% 1 Equip Corp..<—No par Corp———5 com—No par preferred .100 Gen Realty & Utilities————10c Gen • 14 ■ Geh Public Service———10c 132% Oct 30% May 96% Col—1 Cement Portland General Gen Precision 24 29 May 18 128% Jan 29 101% Oct 58% 122% preferred 30 9% $ per share t per share 59% $5 76% xl9% Nov. it Nev. 2U 59% 6% May 24 30% Jun 14 ' Par 76% *29% 20% *91% % Monday. Saturday Corp com..——10 9% 30 107 121% *103 107 General Motors Nov 20 15% Jun „• '• - > 9'A ' 121% t* 1 9% 37% 94 9% 1 , 4% May 21 .* * < EXCHANGE 18% May 27 11 36% 124% 40 % 26 • 4% Mar 11 Apr 21% May <17% Jun 11 12% Nov Feb Nov 99% Jun 12% Mar 17 * NEW YORK STOCK - 125% Jun 17 May 26% . Highest 66 7 Feb 140 3% May 18 % May 101% Jan. 17; ' $ per share 50% Mar 16 31% Oct ,,26 - 16 % May *91 % • 50 % <* 50% 121% 9% 9% 600 10% 38% 39 9% ♦103 10 Va 77 *128 VB 38 38% 94 *9% 10% 20 128 37% 38% 38% No par i__ 1 -JNopar 100 —100 $3.50 preferred Jun 20% 128 10% 30 ' 38 37% Co_u——No par Electric 30 *76% 76% 30 20% 128 *126 —100 preferred—-—— 7% General 76% ... 159 *157 159 1,500 9% 9% 10% 9% 10 9% 10% 10 com—No -100% 103% 9% *157 159 10% • . 2,700 46.%. 45% 46 45 *100%- 103 % 9% 105 *104 105 *104 46%- *157 11 *10% 11 *10% 159 *157 159 *157 30% General Cigar Co 13% Jun 4% . 9% *75% Oct Jan 26 . Dec 19 Sep 20% Dec ^ 2% May 125 Mar 19% Oct 13% • 9% STOCKS Feb 107 % 94 Dec 13% May 18% - 129 9% 100 Jun .. 65% *100% *9% par '53 $ per share Jan 102% 102% 5 preferred— 1st ' I per thare *100% No par preferred 108 - 500. 29 15% 128% Jun - 500 . 4,100 5% 5% 17%' 13 • Highest ' 16% 16% *28 29 29 29% " 18 10 Year 1947 Lowest 6 15 3A Range for Previous - *13% 1 - 4Q0 13 17% 25 • 2,500 15% Feb 97 . 400 ... 15% 40% Feb Feb 10% 40% •*12% 13%' 14 118% Feb Feb xl22 * - 16% ' ' 400 IOVb 40% 10% 41% 40% 17% 28 96 41% 42 4% conv 2nd preferred———50 2 41 9 Mar 13 9 10 41% 6% 4% ' May 27 43 10 40% 12.700 7% 17% 15% 21 Jan 144 10% 42 16% General Cable Corp. July 14 Jun r *10 10% 14 $8 15 9 17% 17% 10% 280 500 7 Va 17% 18% 3,900 - 7 *6% '■ 7% *17% 7% 500 79% '• 7" 7Vb 18 6% 18 900 \ 17% 44% July 15 Nov 6% No par Co— General Bronze Corp 3 82 18% Sep 7 6% 42 $4.25 pfd series A———No par Baking Co common. 5 3 31% Mar 11 6% 79% •6% 7 *6% 7 6% , 10% 22 79% 22% 78% 17% General 10 X125 103 Dec 10% ■ 78 . $4.50 preferred ——100 Amer Transportation—_5 72% Sep 23 Feb 45% 34% Dec Nov 9 22% 78 600 . 30 1 Jun 14% May 22 79% *78 10% 22 11' 22% *10% General 29% Nov 83% July Feb ' 32 Feb 159 80 42% 1,200 8% 42% 427« 42% *107/B 22% 22% 23 12% •*. 8% .• 260 24 30 May 12 ' 11 ♦23 ' , 1,800 General American Investors com—1 11% July 13 146 July 18% 106 6 11 -270 - *11% 4 8 % 8 Va 8% *17% > 63% May 15 10 71 ' 13 42% 11 —1 com 25% 4% % conv preferred-———_50 Gaylord Container Corp—1.66% May 20 26% May 4 18% May 15 105% Jun 30 99% Mar 24 43% Nov 100% Jan (Robert) 88 25% i Wood Industries Inc com-—1 Gar 45 24 -11% Feb Oct 102 Oct Nov 16 9% May 20 17% Nov 10 16 Dec 9% 11 23% Apr xlOl 27 Feb Dec 9% Nov 48 Gardner-Denver 48% Aug 19 9 5% Feb 5 42% 11 7 17% July 21 Aug 19 42% 11 ■ 8% 6% 23% Jun Jan 12 42% 1 6% preferred ; —20 Gamble-Skogmo Inc corn————5 5% conv preferred— T—50 Gamewell Co (The)—No par- 20 9 8% 80 Gair Co Inc 86 12 117/b 12 11% *• 8% 42% 22% Gabriel Co (The) 12 11% 8% 42% 100 : *23 11% *10% 10 % May 22 9 Nov preferred 1,900 4,700 86 .. 4 24 *23 24 *23 24 *8% common—'—1 Co 24 25% 11% 10% May 21 Nov 17% 14% May 10% May 4 17% Nov 22% 4% July 26% Aug Aug 4% 26% 2,100 10% 87% 25% 88 26 6,6Q0 ... 88 86 88 10 1,900 32 »/a ' 86 26% 13% 400 ' 32 88% - 32 • 90 Co ?ruehauf Trailer 5 11 33% 33% *23 <-25 No par —1 Freeport Sulphur Co ____10 Froedtert Grain & Malting Go Inc_l Sugar 10% '32% 26% 1,300 A 10% 11% *10% 87% 4,300 31% 13% " ' 1,100 - 100 *31 ' 32 Franklin Stores Corp— 47% Oct 22 6% Sep 21 6% Sep 27 39 12% May 14% May Francisco 12% May 11 18 Sep 28 10 7 6% prior preferred- 5 May 15 74 Jan Corp 10 84 Oct 21 Feb 3% 1o Foster-Wheeler 24% 25% *97 % . *87 Corp__ 10 100 __100 common—10 16% May 21 12 24% Jan Feb 10% Mar 16 17% Mar 12 Jan 103% Mar Dec 100 13 25% Jan Jan 5% May 18% Jun > Sep pfd— preferred conv 25% 25% 11 10 Chem & 32% *32 32% < ' 100 *98 100 '98 x54 55% '55 13% Inc— Machinery 3 %% 21 90 22 Dec Jun 38% May 21 25% Dec 77 105 82% Nov 10 24% Feb 27 Dec 26% 36% May 11% Nov 18% July 32% May 23% May 12% May 85 54 % 103 Va *54% 18 ' 91 104% 44 55% Corp Food Fair Stores 12% May 24 Nov 29 Steel Follansbee 12 1,700 104 % *65'A 104 y8 ...No par Florsheim Shoe class A 40% Jan 11 *103% 100 44% *103 Va 66% 45 44% * 18" Power Corp.. Florida 6 45% 104% 65% Va 104% *65% 65% 44% 55% No par 1 21% Jan 12% NOV 24 103 % 65% '103% No par —. Florence Stove Cc 15% Jun 24 Jan Aug * 100 (The) preferred $4 May 27 *65% 45 45 Carpet Co No par Flintkote Co (The) common—No par Firth 36% May 26 24 May 14% X104 7 Feb 26 17% Dec 18 July 12 66 45'A 66 % *65% No par First National Stores 59 % Jan 99 10 25 Rubber com preferred 4V2V0 7 49% Mar 16 21 % May 13 107% Jun 18 Tire & — 25 Gulf States Utilities Co—.—No par 65% 17 10% . 92% 18 6% 95 10% *90 17% *6'A *93 Va 35% 10% 10% 10% 10% 92 % *90'A 92% ♦90% 18% 17% 18% 6% 18 6 Va 6% 36 14% 14 Via 14% 300 10% 10% 10% 16,700 36 * *14 6 92 17% 6% 95 93'A 93% 13% 12% 12% 48' 47% 48 47 47% 46 Va : 65% 64% 65% 64% 65 16 Va 17 16% 65% 17 Va 16% 17 17 *13% 2,700 900 6-6 13 Vb *93% 92 17% ' 17% 13% 13% 46 Va 65% 13% *90% ♦93 % 95 2,900 35 % 94 13 Va. 11,200 65 47%. 66%'. 12,100 16% 17 *46% ' j : 20 . 500 : 9,700 < 18 (2238) COMMERCIAL THE YORK NEW Range for Previous NEW Range since Jan. 1 Highest Highest I per thare FINANCIAL STOCK RECORD Saturday Monday Tuesday Wednesday Nov. tt Nov. 23 Nov. 'v4 t per share $ per share LOW STOCK YORK EXCHANGE Lowest Nov. Par $ per share 1948 Monday, November * 29, CHRONICLE STOCKS Year 1!>4 7 Lowest & $ per share t per share PRICES IIIGli SALE AND $ per share for Sales Nor. :!'i Nov. 25 $ per share $ per share Friday Thursday $ per the Week Shares share H 32 % Dec 39 Jan 14 Jun 19 V* Feb 13 Dec 19 87% Dec 112 Feb 31 35 % Oct 15 Hackensack Water 22 10 lo Halliburton Oil 15% 102 % Dec 19% Apr 148 % Nov 12% Nov 10 16% May 22 Jan 12% Nov 10 xl4% May 21 Feb 79 Oct Jan 28 % May 39% 10% Feb 100% 24 Apr 6 4% May 23 Nov Jan 12 16" Jun 27% Jun 9 150% Jan 28 34% May 15 24 5% Nov 24 64 »ep 7% Jun 4 24 79 Jan 5 6% Feb 11 10% Jun 11 Oct 9% Nov Feb 12 May 107 146% July 30 Jan 6% May 76 % Dec 89 10 21% Feb Dec 160 Mar 22 Xl01% Feb 108% Sep 27% 9 6% Feb 11 11% Jun 10 25 Dec 35% Jan 22 May 30% Jan 20% Oct 28 27% July 12 P<i Dec 103% Apr' 78 Jan 27 91 Jun 25 35 May 42% Feb 35 Nov 24 42 Jun 2 xvo Dec 95% Jan 23 103 22 % Nov 17 108 x20 July Mar 10 35 14% May 50% 63 Dec 134 Mar Dec 38 Sep Oct V2 118 134 10 43% Nov Feb 24 1 13% Nov Feb Sep 126 29 22% Nov 26 % Jan 10 121 5 May 28 Oct 30 35 % Oct 29 22% May 21 57% Apr 6 Feb 21 128 % Feb 2 25% Oct 16 30% Apr 10 29% Jan 10% Jun 26 13 Nov 24 Oct 7 86% Jun 25 x9% Nov 17 14% Jan 2 14% Jun Dec Mar 22 33 Nov 12% Nov 31% Apr 21% May 14 % May Dec x29 % 22% 17 Nov 78 Sep 17 18 20 Sep 114 Jan 21 % Feb 20% Oct 25 May 28 Jan Mar 11 123% July 27 27% Jan. 1 37 5 Jun 1 25% Jan 13 Oct 2 28% May 20 2 '% 5 28 12 29% Oct 25 42% Feb Jun 29 % Nov 22 36 Dec 24% Nov 26 % Jan <M A) 6% Jan 20% Dec 31% May 24 3% % 1'ic Wj *83 *33% 97% *97 97% *97 98 *97 98 *97 *23 241/4 23 % *23% 23% Inc 5 23 Jun 7 Howard 47 Jun 9 Co 10 27 5 May 17 14% Jun 16 5% Hudson Hunt Foods Hupp Corp Lowest $ per share $ per share *11% 12% 100 20% 20% 1,400 23% 27 t 26 % 26% *26% 27 % 2.)% 30 29% 30 29% 29% 29% 20% 30'% 30% 25% 11% v *26 50 32 % 11% 32'% 28 % *27% 32% -28 85 84 84% 45% 46 45% 46 29% 29% 29% 29% May 39 % Aug Dec 30% Apr 27 27% Mar 16 35% Jun 32% 64% Dec 62% Feb 90 93 Jan 97 Aug 95 % Mar 16 15 Jan 26% Dec 24% Jan 24 July 13 97% May 17 37% July 12 22 6% Leased lines RR stock 16 5% *11% 47% 47% 47% 13% 14 13% 12 11% 12 2% 26% Aug 11 9% Feb 11 30 May 26 3 12% Jun Illinois Power Illinois Terminal RR 20% Feb 17 25 % Jun 9 Indianapolis Power & Light—No 7% Nov 26 15% Jan 28 39 Feb 10 56 Feb 150 Feb 10 Jun 3 76% Jun 58% Nov 24 11 100 Monday Nov. 2i Industrial Co 32% Apr 12% May 6% Sep 100% Dec 3 May 9% May 42 $ per share 8'/a 108 Mar ' Dec *96 98 27'% 27% 27% 127% 9% 9% 27 % 10 21% 9% 21% 21% 20% 10 9% 9% 8% 42 42 42% 42% 60% 60'% 60% t ,60% 42 42% 2,100 59 58% 60 3,500 Interchemical Interlake 6 May 22% May 76 Dec 10% Feb 34% Oct 96 10 155 Nov 1 Int'l Business 27 x34% Jun 11 Int'l Harvester 18 174% Jun 11 9% Jun 24 38% Jun 9 160 Oct 5% Nov 26 23% Feb Jan 74 Feb 11 9 3% Dec 5% Feb 3 % Mar 16 25% Dec 36% Feb 24% Mar 16 130% July 38% May 94% Dec 137 Dec 135 Jan 2 59% Oct 42% Mar 17 107 »/8 Sep 86 Feb 28 9 May 16 Feb 6% Nov 104 Dec 116 Feb 69% Nov 24 24 v 93 Jun 3 5% May 20 34% Oct 139% July 64% Jun 23 14% 14% 14% 14% 14 % No par 14 May 20 preferred Mining 29 52% 5% preferred 24 64 Jun 2 International 22 45 Jan 12 International 55% 56. 9% May 9% May Mar 12 65% July 12 International Silver Mar 35 7% preferred 2. 25 International Telep & Teleg—No par 17% Feb 8% Nov 26 16% Jun 24 17% Feb 9 24 16% Jun 24 Apr 26% Feb 20 May 27% Oct 17% Jan 6% Dec Aug Jun 19% 80% 158 Dec 89 Dec 37 Jun 108% f*! Sep Dec 19% Nov 82 tan Aalt ^ % Oct 145 Dec 34% July Jaa 151 Dec 27% May Interstate 16 145 10 $6 May 27 Jacobs 23'% Jun 14 92% Jan 30 48 99 May 28 May 11 42% Jun 1137/8 Jun 19 99'% Oct 28 Jan 29 29% Mar 16 88% Dec 101/8 Feb 83% Feb 6 25% Jan 40 % Oct 30% Nov 3 35 106 158 Oct 11 9 28 May 21 Jewel Tea Co Inc 3%% Johns 34 33 % 100 6% 6% 6% 500 69% *69% 60 *57 69% 71 60 *57 40 39% 40 39% 56 55 % 56 *54% 34 •*33% 34 34 14,300 80 70 GO 60 39% 1.000 56 1.400 100 34 9% 50,600 9 9% 7,800 *20% 21% *26% 21 27 *33% > 34% *26% 33% 145 '138 21 27 33% 145 *20% 26% *33% 139 6 5% *19% *44% 45'% *44% 45% *92 93% *92 93'% . 39% *108 5% 39% 37% 112 *31Tb *108 32% 31% 39% 113 85 *26 26% 300 33'% 33 33% 600 *138 31% 5% 20% 84% i* 46 441/4 44% *44 44% 94 *92% 93 % *92% 93% 38% 31'% 100 100% 100% 155 155% 155" 155 160 33 32% *85'% 87 *85'% 36 36% 35% 32% 87 36% 31% *85% 35% 5% 5'/a 84% 110'% • 32% 87 36% x36% *109 30% *99 *153 31 *85% 35 % 5% 10 145 *19'% 100 32% *138 5% 101 *155% 145 20% *92'% 38 % 200 26% 33% *44% *108 21 26'% 133 20% 20 % 20% 261% 34 85 32 * 21 *99% Chicago RR stamped—_100 1 92 "4 8% 86% Co 92 % 9% Joliet Manufacturing 95 9% Jones & Laughlin Steel com—No par Joy 52% 9 21 100 138% 51% 8% *20 preferred series A *137% 52% 9% 23 5% 30% 138% 51% 9% 11 1 52% 9% *84% :_100 18,100 29:% *137% 138 ' 9% 5% No par 4.100 9% 86'% preferred 3% 30% 29% 10'8 21% _100 100 3% *70 9% Jun 16 *33% 80 % 3% 9% 5% preferred 3% 9 % 397/a Oct 93'% Apr 43'% Jun 56 *84% common—12% 2nd preferred series A 100 & . *20% Johnson & Johnson 4% 56 * 34 *39% *55% • *57 40 1 Manville Corp com 3%% *69% 60 39% No par .No par 75 31% 30% *137'% pfd__100 com 75 3% 3% 9% 1*138 (F LI Co Jaeger Machine Co—„• Jersey Cent Pwr & Lt 4% 80 *73 9% .No par preferred 3.500 9'% —No par Intertype Corp May 25 20 145 Stores *32% Island Creek Coal common—„„50c 3 20% Feb ' Dept • No par 26% May 27 35% Jun 14 100% Feb 11 ojt/ ctfs 39% May 20 May 15 33% Sep share 1 39% Feb 18 89% Oct 27 46 112 9 Foreign 9 5'/b Nov 24 24/2 July Feb Dec 24% 98 Nov 137% Jan 104/2 39% May Mar 22% Mar 29 143% Nov 25 common 2,500 27% 6% 71 30 5% 26% 7 *57 43 5% 27% *6% *69% Oct 5'% 28% 5% *92% 70 580 5% 27 5% 26-% 95 60 .14,500 27% 165% *92% 7 900 148 27% 95% 7 600 9,800 165 % *92% 40 Feb 148 147 140 1% 13% 27% 52% 70 par 63% 94 1% xl3 165% 53 % 40 ^No 40 19 31 % 138 *68 Shoe *92% 2 14% 26% 52% No par Salt 39 % Nov Mar 31 30% *137% 3% —100 . 52% Jan 1,300 165% 27% 166 53 % 7% Feb 4 80 3% 30% *7 Dec Jun *73 138 Int'l Rys, of Cent Amer com—No par 58% 500 15 ' 27 3% 30% *137% 15 5% 26 95 % 45 *146 3,800 *14% 14% 147 27 % 5.600 8 93 14 % 39% ,18% 7% 14% *1% 160 7% 92% 14% 165% *5% 80 3% *92 Jan 7% 2 146 27% 165% 5% *73 1 Co com 147 27% 165% 27% No par Apr May *5% com—No par $4 preferred 37% 32 28 166% *27 100 Paper 147 18 - 165% < -100 Corp 147% 27% 100 46% 40 % 147 28% 18% 14% 1% No par 39% 94 % 14% *93 1 % Preferred July 22 15 93 1% common Int'l Nickel of Canada International 93 2% Machine.- International 1 *14% *155 160 38% 18 . 7% 7% *1% Int'l Hydro-Electric Sys class A—25 Int'l Minerals & Chemical com—5 4% 15% 92% ' *155 160 No par preferred 2 99 107% Jan 7% 15% 92 *155 —_,_No par Iron—/ 26% Sep Jun Rubber 700 43% 58%* 23% May 15 preferred...—————100' 1,500 7% 42% 8 % 1,800 60% 24 5 Day 20% 9% 20% 7% * 43 % 77% 7% £s% 20% Thanksgiving 59 *7% *7% 6.700 27 , 43 Insuranshares Ctfs Inc—1—— 1 26% 400 210 8% 11 160 9% 20% . 18 *155 27% 9% 39% 160 25% 8% 18 *155 % 26% 9% 21 38% 4%% 25 % 98 26 % 10 —100 Intercontinental f 8 *25 *96 27% 18 % 8 *96 CLOSED 98 *26% 39 Jan EXCHANGE *96 18 3% May 18 16% May 24 13.500 85 27%- 38 % 103 1.400 29 85 29% 98 18 % 11 32 28'% 32 STOCK 10 Shares 31% 31 28% 25 for the Week $ per share share 85 39% 20 $ per $ per share *83'% 18% 12 Nov. 30 84 26% 2,500 Sales Friday Nov. 25 29% 38% Nov Thursday 32% ,-No par 1% Nov 186% — ' PRICES Nov. »4 84 Inspiration Consol Copper——20 125% Feb 163 SALE 29'/a 1 11 % Feb 4,800 32% 26 92 4,300 85% Jun Feb 7 - 2% 13% 32% 47% Nov 15% July 1,400 2'% *13% 2% 14 30% 21% May 27 8% May 24 common 11% 2978 27% 1 Corp 11% 85% 6% Feb Feb 11% *32% 21% common-—,-No par Steel Co— 15,800 *96 Mex, S A—_ preferred 13 86 11 6% 12% 30% 34% Mar 10 Inland 2,700 13% ■. 15% Feb Oct 17% Nov 47% Wednesday in 14% Nov 33 10% 47 *26% par 18,300 6 % 10% 46% 30% ——-—5 Rayon. De $ per share HIGH AND Tuesday tsuv. 5% 514 11 ',4 13% 14 13% 900 2,200 2% 2% . 15% 41% 86 No par Co Ingersoll-Rand 32% 100 --—100 Dec 6 11% *11% 15% X41% 13 13% 2% 15% 42% 10% 48 14 13% 3.900 11% 5% 11% 12% 28% 28 46 % 5% 10% 2% 2,900 5% 5% 10% 13% 47 15 , 47 % 2 % 250 *45% 42% 16 43 13% 900 85 29 42% 300 33 28 28 16 1,500 5,700 28 45% 43 . 84% 29 28% *32'% . ; 45% 16 $ per share A—<—1000,. Jan .*84% 46 % *45% 2% —20 11V4 Dec 85 " 85 28 *27 28 13% par common. scries Electrica 32% 27% 85 42% Nov. 20 4% Industria 32% '33 *32 16 % Saturday 30% July 11% 12 —_1 — ctfs 12% 13% pfd ser A—100 conv 11% LOW Co RR non-cum 25 11% *47%. STOCK Co Power Illinois Central 24% 11% 10% Far Idaho 26 24% 43 *5% %00 EXCHANGE 42% July 14 11 % 500 8/100 " 26 26 11% 32% 28 *84 43 i 26 11% *16 Co_—iNo ■ 26% 11% par $ per share 18% May 37% May 12% 20 % 27 6.66% YORK 26% 27 1 Ino- NEW Highest 700 1,600 27 Car—«=.—No par —, 26 25% 13% 26% 27 .— Hussman Refrigerator 25% 100 33 13% 25% 20 % ———5 preferred Motor 25% 33 32% 14 14 26 % *11% t c—.—25 Corp non-cum 25% *31% 14% 14V2 1,100 12% Hudson Bay Min & Sm Ltd—No par Range since Jan. 1 Highest 180% 32% STOCKS Year 1917 50 *31 14'% 30 10 20% Hudson & Manhattan common—100 Range for Previous 17 32% 14Vi 9% 10 12% —5 Howe Sound Co 2% NOV 10 20% Stores 24 31 12% Sep 10% 13 — Nov Feb *10 21% 1-2.50 Jan 7% 10 *12 Mining-i— 15 8 2,400 *20% —30 33 Apr 18% 78% 17% 12% Oil of Texas 19 *18 *78 18 20% Houston 26 18% 78% 20% 10 11*% Nov 18 *78 xl7% 18% . *11% 38% Jun hi 800 18% 78% 18 10 preferred—— Feb 30 17% 18% 18% -5 <& Sons—*-—— v 70 78% 14% Electrochemical 1.000 117% *31% 32% 80 *24% 28% 117% 10 *31% ; 10 123 *27% 118% 19% 18% *13% ———5, % 28 % *117 118 118 121 28 80 18% 19 j_10 Co * 28% 2,700 43% *121%, 123 123'/a x28 % 1,100 43% ' *78 18% 19 The-—j.—,— 1 11 14 , *18% 43% 44% *121% 116%-. 118 10% 25 22% Jun 117 44 44%, 29 30 14 431/4 13% 35 13% 35 *13% 10% Oct 26 *34 % 13% 5 Mar 12 12% Nov 35 13% Hilton Hotels Corp——— 38 Oct 35 14 *78% preferred 100 Houston Light & Power.——No par 21% 35 13% 117 Household Finance coma—..-No par % May *34% 121 % 1,000 24 *34 % 15 29 400 98 24 24 35 -.100 Co.— 23% *34% :—1 7 4 23% 35% *14 No par i Paper 100 34% *97 1,900 • 85% 35 2 3 Dec 85 % 35 94% Jun 6 169 *83 35% 34% Jan Mar Jan 85 % 46% Jan. 14 Nov 12'/a 22% *83 preferred,— 3%% 22% *22% new.-25 Chemical Corp Homestake 20% *22% 22;% 43% conv 20% 22'% 36 121% 5% 20% 22 % 85% 44% <A> 20 % *22% 28% El 21 % ,_10 $4 conv preference^.—: 300 8,200 - - *35 123% (C 21 % 21% . *83 44 Dauch 8% 36 new preferred Furnace 8 % 8% 85% 28% & 20 8 8% 8% 8%. *83 *121 % Co 7% 8% 7% % *22% —100 Hinde *8% 8 ;_100 — preferred Hires *8% *35 Hershey Chocolate com——-No par Holland .200 64 25 No par cum 1,000 5% *5% *62% 100 1 Hercules Powder common Hewitt-Robins 23% *23 5% 23 18 7 x35% May 20% 30 9- 152 *147 64 64 190 600 22% 8% *8% 20% 5% 65 *64 65 20 % 19 14% May *64 5 10 50 5% 600 105 *22 % 23% 23 24% 5% 8% Oct 3% Sep 23% 1,300 12% 80% *104 Day- 23 152 *147 152 *147 5% 8 Nov Feb 65 22'% 23% ,5,000 13% 8 80 Thanksgiving 32% 18% *12 3 104 104 104 *23 24% No-par Heyden 3 %% *103% 23% *5% Motors-—, 5% *79% 24% 6 *64 104 152 *147 24 % 8% Nov 20% Feb J 52 *5% 8 81 49 23% 23% 15 common non-cum Hercules *103% 8% 32 7% 3% May *23% —1 Co preferred (G 104 *103% 80 80 82 *24 27 13% Mar 15% May *79% *14.7 common 3<65 % Hooker 29 Dec 80 —,—2 preferred Co common Helme 1 8% Sep 28 34% Jan 20 7% May 80 % 80 Heinz IH J) 9 Feb x21 12", 4 Hayes Industries Inc.—- 18% Jun 43% 30 12-4 10 Hayes Mfg Corp. 35% Jun May I per share 13% 13 „ 38% Mar May 7% May Lowest 14% 13 Oct 29 3 12 14% -—,-100 I 33 14% 13% Marx Glass 13 13% Corp of Amer class A. 1 4% '/■ preferred .—100 Hazel-Atlas 18 CLOSED 14% Hat Hecht Co EXCHANGE 13% com—No par preferred & STOCK 18'% 14% Co $4.25 pfd—No par Schaffner Hart 18% *13 100 Rcfrac *31% 32% 18 *31 ','2 32% 18% *14 Sep 105% May 16% Hanna *31% 19% 5 preferred Harbison-Walk 32% 18% 19% No par Printing Co— conv *31%. 33 14 % Houdaille-Hershey com No $2.25 conv preferred-—- 36 Dec 37 % 18% 45% Jun 28% Dec Dec 85 4% 11% Nov 22 19% Feb 56 *31% Hamilton Watch Co com Feb 13 '/4 May 44 28 30% Jun 48 25 Cementing—5 Well Holly Sugar Corp——— 14 Jan Fi Hollander 15% Feb Nov 30 <W 29% May 20 16% May 17 25% Nov 35 Hall 19% . / 38 86 36% 110'/a 3,800 19% 00 n 100 60 - 37% 100 8,400 109 109 100 *29 . 31% 30 1,400 100% 1 160 *153 *99 100% 30 160 90 32 'a 30% 31% 86% *85% 86% 36 3 4 x33% 33% 4,400 13'% *13% 13% 200 , 18,100 K 14 Jun 94 Dec 16 May 22% Feb 13'% Nov 23 21 May 20 98 May 11 Kansas 108% Mar 29% Dec X89 Nov 23% Feb 9 11 48 Oct 22 Kansas 4% 58% July 48% Mar 12 18 Nov 14% Mar 17 20% May 13% Jan 26% Feb 20% Feb 20 21% Oct 26% July 13 16 % NOV 10 22'% July 12 footnotes see page 24. 60% Jun 18 3.80% 22 47 % May 13 % May For Kalamazoo Stove & Furniture May 22 City 10 13 % '. *13% 14 *89 91 *89 City Southern com—No par preferred 100 41% 40 41% *54 55 53 % 53% 5 *14% 15 class A_1 *24% 25 *17 17% (Julius* & Co Kelsey Hayes Wheel Class - 100 - . non-cum Kayser *13% B 13'% 13'% 13% Power & Lt Co— preferred conv 1 41 91 *89 39% *53 91 *89 92 92 10 40 38% 40 x37 37% 7,000 54 % 53 53 *52% 53 % 300 14% 1,300 14% 15 15 15 14% 24 24 *24 25 *23 % 17% *17 17% *17 92 16% 15 14% 24% *23% 24 300 17 *16 16% 300 Volume 168 Number 4755 THE COMMERCIAL. & FINANCIAL NEW Range for Previous Year 1W7 Range since Jan. 1 Highest $ per share t per share 52% Lowest $ per share '41 74 Nov Dec 27% 103 Dec 116% 11 74 May 6a % 25 Feb Feb v92 Oct 27 % Feb 19 11 63 Oct Aug 89 Nov 32 Feb 102'/a 40 59 Kern 20 14% Jun Nov. :m $5 prior 16 Oct 40% Nov 12 49 57% 57% 57%. 57% 57% 42'/a 42 42 42% 42% 13% 13%- 13% 13% 13% 13% *21% 22' 21 % 22 21% 22 98 98 100 *98" 1 *11% 12%, *11% 13 *65% 66% *65'/a 66 10 100 57 x55 553/8 20,500 41% 41% 1.400 13% STOCK 13% 13% 21% 21% EXCHANGE 21% 21% 1,200 2,000 CLOSED 97 99 97 13 *12 66% *65% 66 % Thanksgiving 31% 95% 95% 13 *65% Day *97 Shares xl3% *11% % the Week t per share 42 for Sales Nov. 26 $ per share 58 42 Friday Thursday Nov. 25 24 12 * 30 12 60 % 66 % 100 32 32 31'A 31% 90% 91 91 90 91 90 Va 90 Va 89% 90% 35% 35% 36 36%. 35% 36 35% 35% 35% 36'A No par 55% 55 % *55% 56 55% 55% 553/8 55% *55% 553/4 500 No par *43% 44% 43 % *42% 44% 43% 43% 400 Light Co 4 La Consolid 6% pfd—75 Pesos Mex *5% 5% 4,200 *5% 6% Lambert No par 18% 18 % _No par *10% 11% 50 *42% 44 Kress 22 6% Oct 57% 4 common—, a preferred 8 Oct Nov $ per share 90% ' 'jo Kresge 58% July Wednesday share 10 4 3 45Va Feb $ per 42 Ve. No par preferred— Koppers Co Inc 95 % J my 1..- 39% Jun $ per shpre No par com - HIGH SALE PRICES AND No par new '4'Jo conv 2nd nreferred___ Kinney <G Rt Co common..., 2 37% Oct 23 11 ______a5 Co Corp lo $ per share _No par Land Kimberly-Clark 2 Jan County Keystone Steel & Wire Co May 24 75 8 29% Feb Feb 52% Apr Tuesday Nov. 'i'i LOW Kennecott Copper 20 104% July 14 13 Dec Jan Jun 24 9 Oct May Mar Apr 16% Oct 11 Feb 90 40% Feb Jan 34 45 19 20 38 '/a Monday isov. Par 60% Oct 23 51• 12 85 Jun Saturday STOCK YORK (2289) RECORD EXCHANGE f pep share 42% Feb" 13 Jan NEW Highest xl3% Nov -23 213.* STOCK STOCKS Lowest 41'A May YORK CHRONICLE iS St __100 Co (S H) & Co Kroger Co (The) 31% 31% 43% 31 31% 31% , 44 % *43 1,700 170 . 3,100 L 4% May 7 Feb 43/4 Feb 11 Dec 14 Jan 5% Nov 26 Dec 44 Jan 14% Feb 9 20% 10 May 18 Oct 12 20 24 9% Mar 12 Apr Laclede 5 Mar 24 56 Feb 25% Aug 12 14% May 15 53% May 17 29% May 6 May 56% Feb 35 47 21% May 30% Feb 2234 Nov 26 Apr 95 Sep 14 10 Feb 11 • 49% Jun 42 Oct 1 ' .. 38 95 Dec 101 9% May 1274 Feb Jun 44% Jan- 4% May 8% Feb 1% May 14% May 3% Feb 30 "2 Mar 19 30% Mar 99 5% 253/, Jun 16 3.85% Lehigh 19 41% Feb 25 56 May 15 Lehman 12 May 20 50 3A Feb Dec 24 Jan Sep 30 25 Feb 16% Feb 20 59 Vs Feb 45% Nov 9 May *26 38% * 3 23% 23% 95 Lehn <te Fink Products— 19% Mar 30 9 50c 2nd non-cum Corp pfd„; 46% May 8 11 May, 29% Mar. 78 Dec 96% 18% 1.800 11 11 10% 10% *10% 10% 200 *42% 44% *427+ 43'% * 42 44% % 26 25% 25% 25 38 36 % 36 % 36% 3674 300 *23 23% 23 23 *22% 23 2274 22% 600) *91 95 *91 95 *91 95 10% 10% 37 Va 38 10% 10% 37% 5% 5% 5% 5 5% 5 5% 3% 3 3% 3 3% 2% 3 23% *22% 23% 0% *8% 8% 8% 45% 44% 45% 43% 10% 10% 10% 10% 10% 38 , 37% 38 37% 38 23% *22% 23% *8% 8% 8% 8% 45 % 45% 45% 45% 5 9% par *22% par 9% *9% - 23% *8%' 45% 9% 22% 22% , 9% 9% 9% 4,900 3,300 5 5 74 2,000 274 1 274 5,700 23 23 600 8 V4 400 44 2,300 974 x9Va 9% ? 95 *91 37% l__.No 700 26 38 23 % . 25 27 38 37 Ve 5% *3 200 6 1,200 82 157 Oct Nov Mar 12 83A Nov Life 8 Jan 47 10 55% Mar 16 28% Feb 55% Jun 11 Jan 23% Jan 9 15% Nov Feb 109% 11 X69 15 Nov 85 Feb 13 3/8 Jan 2 27 Feb 14% Nov 13 57% Feb 28 Dec 58 Va May. 79% 12% May 17% Apr. 28 % Oct Xl8 Nov Jan 18 Feb 19 Jan 138 Nov 3 23 Nov Dec Feb 172 14 11 158 •<Lm» Dec 17% May. Feb Oct 14 142 Feb Nov 24 27% Jun 99 % 41% Dec 10% 21% Mar 18% Jun 6 30% Mar 16 94% Nov 26 Feb 15% Dec 455 Jan Mar 111 11% May 16% Apr May 10 Dec 12% Dec 14% Dec 32% 3% Jan 9 May 8% 97% Dec 14 • May 111% July 34 175 Dec 39% May 5 525 17% Nov 64 % 63% 64 64 20 20 20% 19% 20 19 Va 1974 1,900 20% 21 20% 21 20% 20% 20% 20% 4,900 *146 149 *146% 147% 24% 24 24 *23% 24% *23% 24 200 40 39% 39% 393/4 38% 39 3,600 & (Ml pfd 26 5% Feb 10 26 6% Feb 15 Nov 15 42 Jun 35% May Nov 27% Feb 11 45 19 176 Oct 22 Jan 26 Feb 35% Mar 16 47% Apr 20 Feb 84% Mar 27 93 Jun 3 84 Feb 6 93 Jun 18 Jan 13 Nov 77% Aug 13 9% Feb 11 85 14% 50 Jan 38 Mar 12 113 Jan 110 Apr 16 Jan 23% Nov 24% 23 Vb 243/a 23% 2374 93% *91 % 93 % *917 a 93 74 30 18% 18 % 18 %. 18% 17% 17% 1,000 12% May 15 43% Jan 21 112 Jan 9 41% Jan 15 10 com .* t per share 12 Lowest *95% 19% 18% 18% Copper —_10 — Co Coal *18%. /The).,!:.— 1 14 Co:_'__! 50 *500 RR Co. 7% No par *8% 5 • Oil Con) *18% Exploration—_ 23 3% 23 74 23%. 96 95 95% *94% 96 9474 94% 70 9 74 8,200 4% ','o ' preferred —_—; Martin (Glenn L) Co— Martin-Parry Corp Masonite • Corp ——100 1 — 7% Dept Corp $3.75 $6 13% 14 I334 13% 14 14 58 58% 57 57 57 74 21 Xl9% 20% 19%, 19% 19% 193% 38 *37 37% 37% 37% 36% 37 cum 21 *37,%' *166 100 169% 40% 40% 40 40% 39% 40 88 87 87 87 87 87% 87% *87% 87% *87% 87% 87% 87 74 88 81 *80% 82 *80 74 82 81 10% 10% 10% No par *38 39 % 39 39 preference.—No par cum *110% —No par *24% Corp ._ YORK 24 Sep 20 5 52% May 1 35% May 15 98% Jun 2 25% Feb 18% Feb 11 24% Jun 31% Feb 18% Nov 12 24% Jan 16 % May 23% Oct 16 26 88% Jun 105% 23% May 25 96% Jun 8 9, 12 Feb 80% Mar 24 50 Feb 32'% Nov 24 May 25% Jan 20% Feb 16 25 16 May 55% May 13% May 24% 13 19% May 15 62% May 15 18% .Tun 24 46% May 28 Jan 2 Jan 44% Feb 103% Mar 85% Nov 19 50% May 8 63% July 13 95% Jun 23 17% Feb 13 27% Jun 15 Jan 36 111% Aug 92 11 Mar 10 Nov 101% Nov 10 8 44% Jun 30 104% May25 104 Nov 26 12% May 18 Va Mar 13 Feb 11 19% May 27 33 Apr 48% Dec 38% Feb 11 69% May 29% May 136% Jun 45% Nov 35 47% May 84% Dec Mar Nov 14% Jan Marl6 8 Mav 23% Sep Oct 8 Feb 28% 29% *2774 29 92 92 92 *92 94 550 30% *30% 31 %. 31 31 31 31% STOCK *3174 32 600 26% *26 26% *26 *26 26% EXCHANGE 26 200 *42 % 42% 42 42 *41% 32% 32% 32% 32% 89 % 89 89 % 32% 89% *82% 84% Nov 24 56% Apr 15* 98 May 78 May 17 25 10% Mar 16 109 Nov 105V4Jun 21 3 17 18% July 13 10 121 % Oct 18 42% Feb 11 73% Jun 14 Feb 10 Feb 13% Feb 11 34 July 13 34% Mar 17 44 4 9% July 13 51% Jan Jan 5 13% Feb 9 Feb 11 15% Jun 24 32 Feb 24 Sep 15 29% July 6 Minn $4 *32 22 Mojud footnotes see page 24. 16% 40) 1,700 21% *82% 84% 82% 82% 33 33 32 % 32 % 3274 32% 300 21% 21% 21% 21% 21 % 2174 21% 1,700 13 % 13% 50 13 % 13% 50% 50% *49 53 13% 13% *13% 13% 13% 13% 13 74 13% 2.500 8% 8% *8% 8% *8% 3% 83/8 8% *874 874 600 59 % 2.100 — 1 ; No par Co " 3.90% pfd.lOo series— —100 SS & M 60 59 59% 59 59% 87% 87 87 86 86 *85 74 87 74 19% 19% 19% 19% 19% 1974 1974 40 40 40 % *39% 39% 38% 39% 3874 39 97 *95% 97 *96'/a 99 97 97 10 104 >103% 104 *103% 104 104 104 30 40 1 *95% >103 & i Impl Carpet *10'A 14% 14 14% 14 45% 44% 45% 44% 4474 45 % 4 57 4 45 45 % 45 V4 45 74 133% 133% 133% 133 13 VB 13 % 12% 9% 9% 9% 4278 43% *133 13% 12% 10% 97a 13 10% 88 88 88 89 *61 62% 60% 61% 58% 59%. _..Np par com 1 100 3 A_: Mills... Inc Tool ' 100 x 42% *99 - 13% 13% 13% 112% 112% *112 "2 10 Co 14% 45 46 % 43 com series Monarch Machine 14% 46% 45 % 88 r —.No par RR 14% 45% No par Power Hosiery 13% 56% 56% 56% 43'A 100 14 114% 56% *99% 55 .23% 20 *37 Va 38 38% *37'A 11% '11% 11% 25% 25% 1.400 42 74 *87 59% 59% 59 74 *99% 100 V2 100 74 12% 6% 6 11 *24 % 55 6% 24 51 % 5% 22% 54% 6 % 24 140 9 74 111% 24% 1,400 9% 13% 6'A 2,200 7,700 3,600 112% 23% 900 12% 12% 6% 25% 42%, 90 134 500 1,100 12 74 112% 23% 38 10 134 13% 6% 11 % 13 VB 113% 22% *25 4 2'A *87 134 1374 —100 ,1.25 100 - % *112% No par No par 14 14% 46% 45 133 133 *103 43 Mfg preferred 104 14% *95% 97 *86 A 60 19% 60 100 com series 1,300 *85% 45 % Regul pfd 59 53 20 *43% vtc *49 87% 10 A 13% 53 60 ———5 100 13% *49 *19% com—No par Prod 13% *59% 5 Edison 13% *85% No par Scott." & ' For 200 20 13% preferred Mohawk 16 20'/+ 13% Mission Corp Mo-Kan-Texas 7% 20'/+ *17 49% preferred Moline $6.50 20 1.400 1,100 13% , — preferred Minn *17 % 32 89% 49 % common-- Inc common conv Min 19% • *13% Minn-Honeywell 3.20% 20 % 20% *17 *85 34% *82% 34% *21% No par Nov Day 84% 84 % *32 Minn 42% 20% *82% _50 *20% 20 41 41Va 31% Thanksgiving —_100 20% CLOSED 32% 89'/a 1 Steel P 42 16% July 13 St 32% *86 16% 1 preferred 1st 413/8 42% 16 3/fl Miami Copper Mid-Continent Petroleum 8 % *88 26 1,200 50 Machine Midland 32% *88 26% , 16% 14 98% Oct 56% 29% 92 16% preferred 4.35% 29% 94 16% 9% Mar 17 Dec 25% Min Metropolitan 30% 16% preferred— Merritt'-Chapman Mesta share Shares *29% No par 102% 3% May & Co $3.50 for the Week *92 16% Minneap & St Louis Ry_ Dec 11% May 32% May Merck $ per Co Inc 3% Transp Co——No par (The) 1st & $ per share Sales 26 Nov I per share 30% 20% Storey Merch 2,500 94% *18% series) (2nd 10 24 74 Friday Nov. 25 19% Corp 300 110% 24 Thursday Nov. 2f $ per share 1,200 PRICES Wednesday 20% 17 99 28% Mar Mengel Co 5'/o conv Mercantile HIGH SALE Nov. 23. *17% May 10 54% Mar 11 Oct pfd Shoe 24% Tuesday $ per share 110% 111% 24% *20% Jun 87 Dec 2nd 38 -No par Corp common 4%% pfd (1st series) 4% 38 *110% 25 24% 1074 —1 Mead Melville *110% 10 1074 40 *38 40 111% 170 10%, —10 Co 16 Feb 15 Co Mfg 140 Dec 123 Norris *38' 82> *26 No par 9 Nov 70% Jan preferred McLellan-Stores 10% Nov. Vi 30% Mclntyre Porcupine Mines 5 McKesson & Robbins Inc com—18 McQuay *80% 10% 80 *29% Publishing..—No par 11 11 114% May McGraw-Hill 15 Apr 7 25 87% 81% 10 2,800 *93 1 — Jun 51% 104 7 Electric Co 48 129% Feb Feb 66% 111% 87% 10% Monday $ per share Par ' ! Jan 15% 24% 87% *80% Nov. 20 30 156 *110% 25 166 Saturday 87 10% May 6% May 111% 166 LOW AND STOCK 41% Nov 47 % 169% N 41 41% *10% Feb 35% May.' 97% Dec 169% No par Feb Dec 169 74 *166 *166 41 % *86% Jan 17% May 900 800 1,500 88 56% 21 % 37 41 % __ 44 65% *166 36% , 1,300 19 74 **19 *86% common * $4 3,400 5774 EXCHANGE May 15 9% 9% 14 58% _5 NEW 36% May 21 9% 10 14 58% pfd 1947 series—No par pfd .No per cum 1st 9% 14% No par Stores Maytag Co common---$3 preferred ; McCall 10% 140 58% No par $3.75 preferred $3.40 10% 6,608! *57% 1 Chemical 10% % 7 *14 preferred May 10% P 95 96 6% 7 No par Master Electric Co Mathieson *95 % 7 No par _____— „ 31 Dec 3,000 2,400 23V4 23% Mar 17 83 > 23% Feb 5 50O , 23% 32 18% Nov 8% 21 2074 24 McGraw 20. 874 9% 23% 15 28 173/+ 17 Va 18 22 23% 42% Jan 13% Nov 20!) 23% 10 12% Jan 83/4 21% 9'A 7 Nov 49% Nov 9% 1,200 *8% 9% 17 29 Feb *17% 17% 22% 9 22% I 774 8 6% Oct Jan *8 %. 9% 7% *1674 45% Jan 11,600 7% 530 *500 163/4 McCrory Stores Corp com 1 3%'4 conv preferred —100 19% 1574 1474 14% 530 300 16% 14 73 1,000 16% $ per share . 1874 6% 101% Jun Nov 18 *500 8 17% 9% 22% 2,100 183% 16% 5 43% May 18% 9% 22 10 7 11 Dec *8% 10 17 Feb 20 9 18% 7% 10% ..14% 14% 530 *500 3,800 95 as % ..18% 14% 5 8 31% 94% 31% 6% Jan 40% 530 31 9474 30% *16% 25 105% Xl8% 14,600 17% 88 Dec 10 14Va *6% Feb Dec *94 10 Vs 100 136 14 14% *16% — Feb May 95 % 10 37% *3674 '130 14 5 Corp., 33% „ 3,400 Ry 6% prior pfd—1100 Marshall Field & Co com~ No par 107% 30 % 32% 95 % 10% 9 9% Dec 46 32 96 *7% 22% May May 32% .•14% ,(15% 18% 9% 22% 14% *500 9 1 14% 37% 136 *130 14% 32% 7% -——6.25 *363/b 37 136 141% 14% 530 1 L_. Shirt Manhattan Highest $ per share 37 *130 37% 136 *10% 24 24 *37 *130 10 % 82 Mar 37 136 *36% *130 96 Range since Jan. 1 Highest 35 18% STOCKS Year 1947 $ per share 24% *91% 32% Range for Previous Lowest 24% 92% *18 % * 10 48% 24% 92% 18% St " 108% Mar* 24% 92% 18% 10 Midland Nov 97 % Mar 30 24% 96 Market 19 Oct 147 Va *147 *91% 32% Marine Nov ' 39 64 63% 64% 100 14% Marathon 16 166 39 % 14% Maracaibo 16 100% Aug 24% 39% 100 May 20 19% Jan Dec 24 % 39% 149 5 Magnavox 7 69% July 9 27% May 20 Dec 7% May Forbes Mahoning 22 8 9 *24 par _. Inc____ 17% Sep 16 29% May 18 103% Jun 9 20 *146 Macy (R H) Co Inc com—-No par 4%% pfd series A _100 Square Garden. _No par 25% May 17 20 Feb 22% Nov 94 Jan 14% Jun 148% - 10 A Bros 22% Apr 82 146% .—50 preferred Trucks Mandel 11 85 21 M & 28 26 Jan iky) No Co Sugar 10 49% 10. & Sons Inc com__1 series Steel par 100 „__ Nashville Manati 9% Nov 106 „'. Gas & Elec Co 8 47% Feb 190 „ Corp— preferred 13% Jun 18% Mar 18 1,300 20 23 12% Nov Dec 70% 63% Apr Oct 88 70% 21 Cement 10% Sep Jan 35% 69% 20% 11 Oct 6% Nov 12 8% Mar 16 Jan 24% May _100 64% 9% Feb 520 24% 26% 1,400 64% 0% 4 63% 14% May 39% May 18% July 16 74 *19% Magma Feb Feb 1674 No par Star 24% May 20 16% July 6 Dec 34% 16% 10,400 25 Feb 16% May 22 y« 16% 12,400 1,800 xl6% Feb Dec 27% 16%. Madison Feb 7 19% May 6% May 16% 1674 ,15% Apr 12 Feb 22% 17% 1574 20 Jan 9% 17% 1674 Nov Aug 500 17% 58% 147 a Mack 39% May 27 103% Jun *17% , 15% 4%% 10 30% May 2,600 No par 9% 17 7% 13 14 39 74 Long Bell Lumber (Mdl A—No Lorillard (Pi Co common.. 2 Apr 1,500 x39% preferred- ;• Jan 60 39% 9% 70 MacAndrews 40 59 39 9% 15 Lowenstein 27 58^ 41 9% 16% Lukens Jan 59 40 9% 70 98% Juiy 14 24% Jan 8 36 59 41 9% 15% 35% May 15 129 59 41 17 5 Nov 59 41 69% 11 41 59% 40% 15 Ve Mar 17 152 58% 16% Nov Nov 12,200 5 x9 69% 92 Mar 1,100 9 74 par . 17% 17 34 140 35V+ Lone 22 134 87 171 35 74 15% 20 Oct 87 *169 35% 69 % Lousvilla Oct ; 35% . 17 Louisville Aug 170 37 88 171 86% 87% 172 37 15% 4 29% 87% *171 38 15% Nov 26% 2.100 88 171 38 17% May 15 101% 1,000 70% 25 Dec 5,700 15% 50 13% May 93 874 3374 '17!% 10 • 874 33% *69% 38% Mar 16 ——— 87% 8% 34'A 1 Feb ' 53 2,100 8% 34% No par ' 39% 46 8% 34% 9% com — 7 Jun 4574 46% 8% 34% 171 9% 46% 1.100 21 8% 29 *35% 46% 21 21% —_No par Carbonic Corp conv 87% X46% 48% 21 22 34 % 8% 34 171 par _ Co.—.— 3%% 87% 171 —.100 47% 8% 34% 22 Lockheed Aircraft Corp— Loew's Inc 30% July 15 21% Sep Oil Liquid 20)4 May 21 68% Jun 4 9 21% Jun 24% Jun 10 20 18% Lion , 48% 8%. 34% 25 com 23 48 7 5 — - 70% May 24 Dec 30% Dec Dec 35 V« Corp—; Lily Tulip Cup Corp—;_No Lima-Hamilton Corp Link Eelt Co__„— —No May 14 13% Jun Savers Liggett & Myers Tobacco 7%. preferred 174% Mar 30 9 10% May 137% Libbey Owens Ford Glass.—No Libby McNeill & Libby 2 63 Apr Corp 91 13 Oct l Stores iftii, Anr, 12 16 33 Aug 12% 24% Aug 19% May Va 5(j%Jun ' Lerner 14 38% Jan 31% Mar 16 Jan X48 Dec 47 26% Jun 8% Nov 26 Oct 191,3A July 33 % May 10 Apr 40% May 169 87 18 Vs 10% 1" _ 57 + 18% 37% No par (The)—: 6% 18% 44% 27% *36 % - 5% Jan Feb *5% 18% *42% 2,% 5 *91 5% .6% 18% 10% _1 cumulative preferred—.100, Coal & Navigation Co—10 5% *5% *10% : com 5 5% 6'% 5% 18 % 5% 5% 18% 5V+ * ,— Lehigh Portland Cement 25 Lehigh Valley RR,—50 Lehigh Valley Coal com 1 $3 non-cum 1st preferred—No par 24 5% ' 17 78 2 May 10% 8% Jun ^ Co—.* 4% July 12 26% July 12 10% May 12 Feb 9% Jun 3 8 74, 1% Jan Lane-Wells Lee Rubber & Tire Lees (James) & Sons Co 13% May 22 38% Oct 20 9 (The) — < ' 4% Mar 16 Co Lane Bryant common.... 4%% preferred May 18 26% May 28 . Gas 51 44 3,300 89 370 60 1,500 100)4 100 12% 4,800 112 52 150 2.900 5% 6 9,200 22% 24 19,900 37 74 37% 1,400 11 xlOVa 10 % 10 Va 1074 1,300 25% *24% 25 "a *2474 2574 100 38 % 37 % 37% ' 19 2* THE (2240) COMMERCIAL & NEW Year 1947 63% Feb 128% Feb 49 122 Sep 27 105% Mar 17 64% May Feb Dec 11% Dec 107a Nov Dec 20 Nov 107a Oct 18 14% Nov Oct 20% Jan May 27% 19% May 27% 25 17 10 (John) Inc No par *107 109 Co 5 Motor No par May 27 Motor Wheel Jun 9 Mueller 16% Oct 26 Mullins 1474 Oct 11% Feb 16 3374 Feb 16 45 10774 Jan 2 112 . 23 Murphy Co. 474 % 2 127a Sep 21 17 Jan 2 Nov 10 43 Jun 29 50 % Jan 23 85% Jan 5 9% Dec 167b Dec 447< Feb 35 50% 56 Jan 108 1067a 1067a 107a 107a 56 547a 557a 55% 55 1074 5474 557a 5.500 47 106 106 300 10 STOCK 10 1.600 55 74 9.300 1 100 117a 12 11% 1174 22 *2174 22 22 22 18% 19 18% 197a 187a 19 CLOSED 54 72 117a 117a 11% 2274 Thanksgiving 22 7a 22% 400 18 72 12 ♦2174 - Shares thare 103 EXCHANGE 1074 *1174 187a Day 1872 19% 8,100 24% 11% *22 2.200 No par ♦24% 25 *24% 2474 2472 2472 24 24 *23% 5 ♦1974 207a 19% 197a 1974 193/4 19% 197a *19% 19% 600 1 *18 13% 177a 18% i*1872 19 177a 18% 17 74 1774 1.100 157a 15 1574 147a 157a 1474 147a 14 72 14% 1.500 Co Mfg Corp Munsingwear Inc May 15 Jun *106% 3 Corp Corp Brass 101 1074 for 46 103 1072 Sales the Week *100 101 *10074 107 107 t per thare 477a * 103 *1007. 103/4 55% 5 Products 23 10% Nov. 26 9 per 9 per thare 46 477a 4674 Friday Nov. 25 Nov. *4 9 per thare 47% Tharsday -Wednesday No par Co — 29% May 27 9 per thare 47 477a , 103 Lines & 46% *100 Utilities Moore-McCormack 9 Motorola Feb Nov. Zi A__No par B Morrell Jan 24 37% Jan Jun series Montana-Dakota 19% Nov 26 22 Feb Tuesday Nov. Zi 9 per thare 5 com Montgomery Ward & Co 9 Nov 40% 112 Dec Co series May 21 1774 May 15 Jan 15% May Apr 35 preferred 19 16 137a Nov 107% Chemical preferred 19 V* Mar 17 Feb Mar Monday Nov. 2l> 27 11% Jan 23 17% May $4 65 6 972 May $3.25 6 15 27% Monsanto May 15 112% Apr 9 4774 Mar 16 May 15% RECORD Satnrday Par 617a May 17 457a Nov ,18 101 Monday, November 29, 1948 LOW AND HIGH SALE PRICES STOCK I perthare 9 % Nov 24 STOCK EXCHANGE Highest 8 per thare 9 per thare 49 y» May 1107* May . NEW YORK Rsugs slues Jan. I Lowest Mifhest 9 per thare YORK CHRONICLE STOCKS Range for Previous Lowest FINANCIAL com .1 new 157s 5 (G C) *127z 13 *12% 13 13 3974 3974 12% 13 39% 1.100 39% 1,200 12% 397a 127a 13 1 3974 100 10 *10972 14 137a 14 13% 13 7i 13% 1374 50 *36% 38 37 37 *3672 38 3674 37 *3574 37 No par *5072 52% 53% *5072 5372 53 *50 5372 common preferred——. Murray Corp of America 4% preferred— com Myers (F E) & Bros 1,000 39% 39% 110 14 ►10972 110 *5072 397a 39% 110 110 *10972 •50 10 111 *1097a 110 I33i 13% 2,800 300 N 14 May 197, Feb 147a Mar 16 217a Jun 25 19 May 2974 Feb 20 Feb 24 32% Sep 9 Nashville Chatt & st 21 May 30 Jan 207a NOV 26 29 5 National 8% 16% Jan Dec .1674 Jan 27 34 V4 Dec Feb 29 Mar 18 26% Feb 20 1 National Automotive 137, Feb 5% Nov 10 Dec 33% Feb 10 Dec 147/a Jan Feb 28 6 974 May 21 Jun 17 48 National Biscuit National Can Fibres Co Cash 97a Sep 28 97# May 20 2 13% Jan National Oct National Container 10% Mar 15 14% Aug 23 National 26% 38 Jan 247a Mar 17 32Jun National Dairy 1472 Mar 17 21 20% Jan 23% 14% May 17% May Oct 1772 Nov May 21 2274 May 21 10 Department National Distillers ; 14% May 96 25% 107 Dec 25% May Jail 15 Feb 24 13% Nov 19 Sep 27 207s Jun 9 Oct 14 297a Jan 23 38 Jun 10 16 177 Jun Dec Dec 190 V* Sep 162 Oct 136 Dec 167 Jan 130 Nov 4 6% Jan 15 'A Dec 8% Jun 7a Nov 12 8174 MarlO 20 Nov 16 Power Lt 25% Jan 5 9 2574 July 6 94 2 26 Natl Nehi Feb 11 Dec 137a Jun 9% Nov 10 18% May 13% May 24% Feb 9 78 Nov 26 1974 Jan Feb 107 July 28% Nov 38 Feb 98 Dec 106 Mar 13% Feb 16 19 26 104 x27% Mar 12 35 100 87 Feb 6 May 17 Jan 4 7a % 8 35% May 22% Dec 4474 Dec 38 Feb 13 327a Feb 13 Nov 26 267a May 21 Feb 74 Nov 17 9072 Jun 17% 102 Jun 12 26 Oct 20% Feb 11 3474 Oct 22 Feb 31 24 4374 Jun 9 227a Feb May Nov 127a Feb 11 187a July 12 Feb 10 92 N Feb 11 144 20% Feb 1174 Mar 19 Apr 26 Aug 20 52 Dec 627a Jan 4974 Jan Nov 290 Feb 200 9 Mar Nov 84% Dec 10% May 80% 25% N 2 255 Mar 8672 Jan 6 16 Sep 147a Feb 27 Jan 2 Mar 18 147a Jun 9 3974 July 12 96 Jun 17 1974 Oct 23 88 Jun £1 N N $ perthare Y & Air 13 137a 167a 167a $ perthare lo *89 Nov 55 Feb 18 62% Nov 1 Aug 24 2874 Jan 13 26 Dec 30 7a Sep 25 167a Dec 337a Jan 147a Mar 3 1074 Feb 1157a Jan 827a Mar 10 Dec 307a Nov 2574 Feb 13% May 227a Feb 1674 Feb 8 78 Jan 2 1974 187a 1 *117« 91 \I % 14 2174 *2074 2174 200 10374 x90% 9074 7,900 217a *207a 217a *9272 573/4 *907? 93 North 14 75 Co 50 preferred—.100 Central 3674 Jun 14 Northern Natural Northern Pacific 5 1067a Nov 22 874 Nov 9 177a Mar 20 Apr 253/4 Oct 16 Nov 33 9 £.50 l 4 45 7a Jan 337a Jan 2 374 Sep 20 107a Mar 18 2774 May 17 407a Apr 24 77a May 21 147a Jun 9 147a 1472 *101 31 907a 907a 92 92 874 83/a 8 - *9272 x55% 14 74 1374 75 *74 13 74 13 137a 78% 78% 78% 135 1574 14 137a 135 1274 137a 9374 54 - *73 1,400 13 74 5.100 75 50 29 7a 2974 4,000 3374 31 31 3174 1.800 137a 7772 7974 6,900 297a x29% 135 13 40 87a 54 74 300 93 *9272 13% 74 31 8 54 147a 7472 1,300 103 . *91 9374 54 5572 ' 874 *9272 93 33 135 xl3% *101 3274 14 1,200 3,500 32 33 7874 1472 97a 9% 103 317a 7874 972 *31 ' 30 9 7a 10 3l7a 103 337a 137a ' 97a 972 974 327a 12% 78% 76 13 43.700 77 2.800 134 134 13272 132% 600 1574 *157» 15% 15 15 147a 147a 500 21 *17 *19 207s 2074 2074 2072 21 500 *44 50 50 50 *45 51 *45 51 *45 51 *230 250 *230 250 *230 230 *230 250 *230 250 874 874 87a 87a 8 77a 8% 77a 7% ' 100 7% 3,900 1.800 *2974 30 2974 29 29 3 28% 287a *89 91 90 91 91% 9172 *90 917a *9074 9172 30 *1772 177a 17% 177a 17% 173/a *1674 177a 16% 1674 800- *8572 88 86% 8474 84 74 297a <*8572 - .7 87 *84 29 28% a • ; :v, *8472 J 86 ; ; ' 20 *" *15 2172 *20% 157a 147a 2472 STOCK 57 57% 57 57% EXCHANGE 26 26 26 15 74 157a 157a 9 874 87s 85 2674 *257a 1572 1574 87a 57 9 87a 577a 26 *257a 157a 874 85 72 *83 7a 297a 29 7a 29% 29 7a 18 18 74 18% 18% 25 1674 16% ..50 a377a 37 72 preferred 85 85 10674 157a 9 *8378 8 3/4 Northwestern Telegraph Norwalk Tire & Rubber Norwich Pharmacal Co— 74 10 10674 *20 14 72 2472 85 the Week Shares 21% ■ - — 14 72 1474 2,900 24 „ 25 1.000 56 CLOSED 57 3,900 *257a 100 1574 17,700 87a 83/4 24.200 *83 74 Thanksgiving 26% 15% 857a *8372 857a 29 29 7a 28% 297a 277a 2972 5,000 18 1874 177a 18 1774 17% 9,900 86 84 847a 847a 84% *83 7a 85 for Sales Nov. 26 I per thare 217a 15% 25 58 common..lo *207a 15 25 1574 *8474 21% 15 *257a No par No par *2074 Friday Nov. 25 9 per thare 25 50 _ Inc 2172 Tharsday 24 1 per thare . 25 *577a 100 .» Nov 9 per thare 14% 247a 1 Co— Wednesday - Nov. Vi 9 per share ' 24% Tuesday Nov. 22 9 per thare *20% Monday 25 Co_^ Gas preferred 4.6% 97a 10% *32 7a 25 preferred $4.80 1.800 •7.31% lo Ry Northwest Airlines 1072 327a Northern States Pwr Co (Minn)— 22% 107a 6,800 LOW AND HIGH SALE PRICES Ry $3.6,0 11 33 7a Nov. 20 Aviation.. 27% Jun 24 1074 3274 Saturday Co 11 400 11 57% 1474 *74 ■■ preferred 11 21% 3372 No par Western Ry com Northern 17% 8572 21% 93 57 14% 75 Co.... American 17 7a *8472 1474 87a *92% 5774 1 100 common Industries American 18 85 217s 18% x31% 92 8% 900 85 *101 32 - 74 21 217a 10 17 21 85 *9 7a 103 *3172 21 n ; 972 *101 21 2174 177a *8372 11% U 21% 187a 8474 103 87a 4.400 % 97a 917a 1.700 1007a *101 874 1,200 *2072 " *90 674 18% % 15 __10o 170 674 18% - 18% '1874 2174 117a 31% 134 80 10374 15 *31% 134 6% 7a 15 par 13472 *6% 9.900 1017. 22 97a *13272 6% 34 *207a 18 11% 133% 70 16872 20% 84% • 168% 197a 22 . 90% 337a 16974 33 1027a *20 7a 187a 9072 3374 16974 674 19 s/a 20% 101 15 Corp Adjustment .V 92 *90 91 133% 6V4 197a *97a 100 9,600 90 107a .—_ 3,100 157a 1357a 6 74 1974 . 1274 157a *13372 6% 1974 , 1274 134 7a v 10 preferred RR 11 Aug 197a Aug 1,300 17,700 137a 35 1 common. Chemical Norfolk & 93 10374 Oct 18 167a 170 10 common cumulative Electric North Mar 19 15% 17% 157a 34 10 Haven & Hart RR Co. 100 Noblitt-Sparks 177a Jun 17 13% May 10 90 15 1874 1274 169 22% preferred—No par Jun Aug 11 1574 177a 13 35 84 Per 6474 21 '15 7a 167a 171 *83 Co I per thare 2574 Jun . 127a 34 *22 EXCHANGE Dec 4 26 - 16 < *169 21% NEW YORK STOCK 5674 20 7a Mar 7 974 97a 35 *20% com Brake—L Dock Highest Noma Feb 18 STOCKS Range since Jan. 1 Lowest Nopco Feb Fibre Industries Harlem $3.75 l 187a 157a 177a No par 5% series A— -.100 N Y Power & Light 3.90% pfd__100 N Y Shipbldg Corp partic, stock 1 N Y State Elec & Gas Corp— 5 1374 157a 187a 2174 preferred—— Y New 17% July Dec 157a 10174 Preferred 367a Jan Dec 15% 18 21 Aug 11 67a '4.900 *17 Nov 12 267a No par 15 Jun 26 3 8 % —No par non-cum 24 11 27 York 257a Feb 267a 16 5374" Jan 1027a 27 *157. Dec Dec 27 No par Nov 797a 27 136 23 7a 25 1,700 26 7e *13474 337a 67a May 83 % Dec 8.300 1 tper thare Oct 2.900 7 x67a 774 No par Range for Previous Year 1947 Lowest Highest 7 74 9% —_10o $5 10 7 774 preferred series A New 25 19 Jan Jun Jun 3,600 127a City Omnibus Corp, Y 27 207a Feb 81 19 61 Sep 10072 Aug 237« Apr 5,300 9% *20 7a York Central No par Chic & St Louis Cq com—100 Y 6% 6 3 107 Dec July 19 672 Mar 29 15% July 12 6% 39% 12 72 10 Co York New 39 121 6 74 38% 97a 1017a Newport News Ship & Dry Dock—1 New Dec 67a 407a 1274 100 preferred 4 74% Dec • 127a 25 Corp Newport 50 May 11% May 6 7a 38 7e 674 407a 13 67» England Elec System 20 Jersey Pr& Lt Co 4 % pfd__100 Newmont Mining Corp ...—10 137 187/« May 80 230 64 46% 32% May Vulcanized 3%% 18 Dec 99 40 168 1347a . New 3 110 6,200 9% 91 3474 New 9072 Mar 29% 1687* 12% No par Co serial Aug 17 July 12 Jan x87% Tea conv 12% Jan 108% 29 72 16874 12% 16 168 1 Corp 4'% % 24 Dec Dec 8 Corp Newberry Co (JJ) common__No Nov 11% Nov & Shares Inc 12 95% 13 • Cast-No par ex-dlst No par Bros 24 May 15 30 169 107a 7V, 9% 13% *89 10 —_100 Service Neisner 98% Jan 200 297a 16874 i preferred Natomas 10 2,800 36 157a 157a Steel National Feb 2.800 9% 9 7a 36 1874 *13% 1 _No par Corp.., National Sugar Ref Co.. National Supply (The) Pa 16 177a Linen cNational 217a Nov Dec 10% 10% 974 37 7a ■ preferred B National 80 % Nov Jan 97a 2774 18 7a 10o Natl Jan 107a 107* *36 12% ■? 77a •15% common— 2 1 . - 5.400 30 67a 41 407a 10 5 & Steel 12% 187b Co Malleable 6% National 1674 Nov 26 Lead Natl Sep 107Z Nov preferred conv 2 25 May 17 11472 Oct 23 : 107a 10 377a * 20 1.200 67a 13 No par preferred A_ 10 Dec 29% Feb 7% Jan 100 77a 10 2774 com— 1477a Apr 774 Feb 307a May 27 157a May 26 12 Yt Jan 26 105 $4.50 National 7 40 -12.50 Gypsum-Co 247a Jun - 6 197a NOV Jan 237b Mar 11 Feb Nov 28% 20% May Sep 20 157a Feb Jan 26% 95 12% May 88 Jan 1% jf Dec 21% 74% May 21 % May 6 Apr 28 40 par common National 967a May 19 169 67a 5% 170 297a 30% 57a 5% 11,600 247a 21 ' ' *1272 Stores.: - 207a 574 974 *36 170 67a '■ 74 *23% 217a 157a > 15% 1574 2374 21 "• 247a 2174 107a • 107a *169 674 5 '*■ 37 7a 297a 170 67. 1174 97a *36 30% „l Prod 10% !t 21 Enameling & Stamping— New 7 85 367b 165 307a ►1687a • —1 Products—No National Nat 12% Nov Co 574 107a No par __1 Cylinder Gas Co 57a 3772 .10 Feb *2374 157a -23% 15% '1572 ii7a; 107s 3772 -10 Corp— Register— City Lines Inc.. 15% 2 *117» 100 177s ' 1 167a 24 7a 217a * 57a —4 Dec Dec 5% Inc. common 157a 23 3/4 2172 243/4 22 —5 13% May 13 16 7e *24 *2174 —1 7%'preferred National 16% .100 —I National Aviation Corp National Battery Co 1757s Jun 23 4374 —5 Louis Co Airlines—- 32% Oct 22 162% Oct Corp- Acme National July; 8 Feb May 7% 45 Jun 187 8% May 33 1074 May 20 13% July ,8 17% Mar 22 9% Nov 26 Dec 34 Jan 165 Feb 14 9Ya May 10% May 24 4% Sep 29 874 Feb 11 Jan Nash-Kelvinator , 85 Day , ? ' 270 10674 106% 1067a 10674 1067a 106% 10674 10674 490 8% 87a 874 8% 87a 878 8% 8% 14.400 167a 9 1672 167a 1672 1674 1674 1672 1674 *37 3774 *3774 37% 3772 377a 377a 47a *4% ..No par *4% 5 2.50 *1272 13 8 *28 7a 29 7a *28 7a 29 287a 977a 96% 97 9674 9674 97 74 977» 3174 30% 317a 303A 317a 307a 307a 47a 13 *4 7i 47a 12% 4% 13 12% *47» *12 3,600 ' 12% 12 37% 80 4% 100 12 500 O 27 Dec 917a Dec 21 Dec 86 157a 14974 92% Jan 2 26% Feb 11 July Dec 137a 118 May Sep May 92 Feb 107 16% Apr 22% Feb Feb 27 7a Dec 77a May 24 277a Feb Feb 22 17% May 93 Jan '.3574 Dec Apr 18 38 11174 8 Feb 17 36% July 13 Xl097a July 13 127i Apr 20 100 Jan 5 23 Jun 17 Jan 2 Jan 26 163 7a Jan 1447a Nov 15 154 Jan 9 23 Jan 5 89 Feb 27 7374 Jan 2 28 74 93 Jan 80 July Feb May 16 Sep 974 May 19 Feb 80 Oct Jan Jan 15 7a Nov 82% Nov 48 Nov 11% Feb 8 3 26 27 7a Nov 26 377a Jun 23 29 62% 36% Jan Jan 477. Mar 16 Feb 30 Feb 13 Jan 897a Feb 27 Feb For footnotes see page 130 24. Nov 9 Otis (The) Elevator 6% Outlet 73 8 55% July 13 y4 July 23 44 104% Jun 147 7 Mar 18 2nd 6 Pacific & Glass Lighting 87a 17% *17 29 7a 29% 100 100 8% 8% 1774i 17 83/4 Mfg Co Inc common., non-cum non-cum Corp— _ 17 29% 99 *87a 89 89 *89 90 22 22 *22 23 29 287a 29 —2.50 .12.50 5 *147 149 *147 16 *15 7a 16 *80 86 *80 85 53% 14% 53% 52 147a 10 9 63 *1378 No par No par 537a, 14% 2874 *147 157a *80 5074 17 2774l * 287a 28% 9974 87» 8% 28% 97 . 97 7a 340 30% 3174 12,700 *17 . 277a *97 74 8 7a 1774 28 287a 149 , 5,700 8% 2.300 89% 89% 8974 22 22 22 22 287a 29 27% 28% 147 *14572 147 400 , 200 887a - 600 9974 147 157a *15 7a 1674 *16 167i 86 *80 86 *80 50 48 90 500 3.700 50 85 51% 48% 497a *1378 14% *13 7a *8 7a 9 63 Pacific Telep '& Teleg common—100 6% preferred 100 149 *1574 No par No par 74 287a *977a 8% 90 287a 287t 17 2872 99 297a 100 227a Pacific Finance Corp of Calif——10 Pacific Gas & Electric 25 Pacific Mills 297a 99 *89 No par preferred *17 28% *22 ..No par Co preferred 307a A—100 100 Marine *97 lo common.. Owens-Illinois 1st 10o common preferred preferred Outboard 20 No par Collins Co 307a Mar 17 39% Corp convertible Oppenheim Fisheries Jan 168 8% pfd convertible preferred Omnibus Coast 43% May 28 21% Jun 15 1297a Oklahoma Gas & Elec 4% Oliver Corp common 472% 10o —No par Amer 1572 Mar 20 ., Co Pacific 43% Nov preferred——: Oil Pacific May 27 Apr 13 Oct 13 4.40% Ohio 1574 May 17 607a Sep 34% Feb 30 Ohio Edison Co common—. 15 46% *33% Dec Dec 18% Jan 20 Nov 131 18 15 27 Aug 257# May x89% Dec 13 Jun Jun Feb 68 507a 9 43 1 Feb 197a May 24 11 25 103 337a 84 10 887a Nov 14 347a Jun *16 28 7a Oct 50 Mar Feb 10 97a 83A 9 627a *61 8% 627a 9 627a *61 64 *61 627a 1472 *13 7a 8 72 200 • 4,200 14 100 9 160 40 *3872 40 *38 7a 3974 38 38% 39 39% *38 3972 40 *18% 1972 *1878 1972 18% 187a 1872 1872 *183/a 187a 300 31% 3172 3174 3172 31 31% 317a 3174 30% 31 % 9.500 50% *49% 50% 5072 50% 507a 5074 33% 3372 3372 3374 3274 33 *93% 94 72 93 94 Q4. 94% 134% *133 ►132% 134% ►132% 13472 133 50% 5074 - 5074 600 32%* 32 93% 317a 3274 2,700 93% 937a 9372 470 133 133 133 70 . Volume 168 " Number 4755 THE COMMERCIAL NEW NEW YORK STOCK Banff since Jan. 1 Highest Highest f perthare 9 per share Saturday Monday EXCHANGE Nov. 20 Nov. tit. 9 per thare 9 per thare 3% May 21% Jan Lowest t per share Feb 7 59% Oct Nov 40 - 6% Apr 26 Dec 73/* Feb 4Va Feb 14% Feb 8% Noc 9 13 18 May 40V* Jan Nov 46 Feb Mar 109 5%. Jan 13% Mar 16 July 55- Dec 90 92 Oct 9 Va - Feb 6% Feb Nov Jan Oct 66 12 97 109" July Dec 11 Va May 21 21 Va Jun 21. 100 11 20 96 V* - 5* 20 Pan American Airways Corp Pan-American Petrol 4% 28 105 4% 8 convertible Dec 323/* Jan 18% Feb 11 26% May 27 Paramount Pictures 53% Jan 34% Feb 51 Park & Tilford Inc Park Utah Consolidated Mines 2 Dec 2 4y* Jan 10 May 21. 3 V* May 17 Mar 16 33*4 Dec 43 Jan 25 Nov 24 28 V* 34% Feb 24% Feb 11 14% Feb 7 May Dec 33% Jan 30% Jun 6y* Mar 16 11 Penn 49% Jun 16% Oct 10 16 Sep 16 15% Jan 24% Feb 15 V* Feb 11 21% Nov 1 29 Sep 36 Apr 34% May. 7 * Dec 117 28V* Sep 109Va Oct 10 xl07 18 Dec 22 15% Dec 26%. Feb , . 38 - 111 May Jan - Jan 22 112 17V* Sep 20 16% Feb 27 37 Oct 18 48 103 Feb 19 120 Apr 22 30 Sep 86% Feb 17 45% Dec 55% Nov 811* Jun 101% Feb 45% Jan 8 99 U Nov 10 May 22 Feo 34% July 22%-Dec 23 May f 34 8% May • 12 Dec 113 Oct 9% Feb 104 11 18 Jan 47 Feb 11 48% Dec 40% Feb 13 23% 1113* 95 -Oct Dec 14% Feb Mar 50 109% Aug 27V4 Jan Dec 29% - 5 95% Mar 5 55 Jan 22 104 91 Nov 3 Jan 21 , 25% Sep * 8 115% JunV9 Jan 28 103% Jun 103% Sep 20 10% May 21 16% Jan 111 Jun Oct 14 Jan 19 28 Jan 22 Sep 29 85 Dec 98Va Mar 81 Dec 43% Jan, 25Va Mar 16 Dec Feb( 87 97% Jun 109 85 Dec 101 81 Jan >93 Mar ■" — 12 Jun Apr 99% Dec 96% Dec 10 May 88 6 82% Nov 16 11% Nov 10 , July 87 % Jan 9 54% Jan 21- 12 10 18 * Feb 38VaJuly 108 Dec t 16% 98% Apr Dec Oct 102 110 Mar 82 V8 Nov 32% Dec 26 16 16 Deo 12% Feb 113 23 10 93; Mar 16 July 28 36% July 15 11 23% Jun 15 165 Aug 169 Aug 142% Nov 10 155 Apr Nov 203 Jan 157 169 July 15 30% Nov 24 39% Jun 1 Nov 7% Nov 10 10 Jan 2 15 Dec 140 May 8% May 114 Apr 59% May 16 Fen 10% 7 67 14 Feb 42% Oct 11 20 Jun Jan 27 165 Oct 20 Oct 93% 73% Feb 28 96 Oct 22 , 10Va Feb 140 9 Jan 84% Sep 71% Mar 9 82% May 10 10% May 20% Dec 15 Feb 13 26% Oct 23 Jan 145 Jan 9 171 200 May 17% May 38% Oct 161 28% Jan 22 July 7 46% July 13 9 per share 9 per share 10 1 per share Jan Dec 33 Jan 6 35% Oct 29% Feb 14 46 19% Oct 11% Nov 26 15 Va Nov 12% Jan 28 16 Feb 5% Nov 26 16% May 20 14% July 12 11% May 18 43 Feb 23% Nov 24 35% May 21 71 Va Nov 62 % Feb 71% Jan Dec 33 Va 57 Dec May \15% May ; ' , 32% 85% Dec May 9% May 10 Jan 18 Feb Feb * 38% 12% July 28 70% May 16 81 Mar 11 Jan 102% 30 % 32% Jan 27 mmm—m ' 4 24 Jun 9 28% May 25 94 Apr 26 20% Nov 10 39% July 6 24% Jun 25 30 Va May 15 15 ' '' - 25% Nov 10 51% May 61% Feb 32 Va Nov 24 53 Jan 21 % May 29% Dec x25 Va Feb 5 42 May 18 106% 25% ♦24% 26% *25% 26% 25 Va *7% 7% *7% 7% *7% 13% 13% 13% 13% 13 % 28% 29'A 29V*' *28Va '28% 46% 46% 46% 46% 46% 11% 11% 11% 11% 11% 20 20% 19% 20 % 20 V* 29 ■ . *28-- . ! 17% 17% r 17% Oct 109% Jan 101% Feb 13 24% Dec 36% Feb *25 20 24% Dec 7% May 68% Dec 10% Feb gv4 Dec 15% Feb 11 20% Oct 1 108% Sep 33 • 5 -100 3 July 12 preferred class A— : % r -17% *1634 *23% - , 1 ' 16% - 2,000 51% 10,100 • 51% - - - 51% 51. 51% 51 99% 98 99 Va *97 21% 20% 21 Va --23% • * 24 *107 41% 40% - 93 40% 85% 85V2 *83% 12>/2 *11% 12% *88 % 91 39 V8 39% 88 Va 86% 87 Va 130 36 ' 93 *11 57% " 14% 31% *11 31% *100 101 115 *103 115 32Va . 11% ': 84 37 36% 36% 6,900 90 *83% ' 85% .! 33% 17% *138 142% *138 162 *159 12 Va *11 14 *11 Va 32 32' * 57% 32% 32 31 9Va 9 9% *100% 115 11% 11% 82Va 82Va X33 17 Va *138 159Va 31% ' 9" 15% *165 11% 11% 11% 82 Va *81 33% 32 Va 16% 17% *81 142% i *138' 159% ^ *159 82% 10 32% 5,000 16 16 2,200 *138 142 *159 162 , 142% '" 162 15% 30% 30% 3,500 8% 8Va 8% 5,500 14% 800 14% 180 *165 15% 14% 180 72% 72% 72% 72% 71% 71% 20 20 19 % 19% 18'/a *138 1 44 ♦165 170 *84 85 *70% 72% 90 *18% 19% 300 18% 32% 30% ~50 31% x8% 9'/a 144 Va 30V4 32 85% *138 20 1,165 11% 32% 33 Va 17% 85% 30% 1,100 101% *102 85% 32% 13 115 15% 180 7,900 31% 101% 32% 8% — 70 58% *103 162* .*32% 144 — * 57% *100% ' 142% *158 21 57 Va ' 115 17% 15% 12 90 101 34 Va 17% *165 86% *11%' 101 34 Va 16Va 100 ' 57% 32Va ' 7,900 S3 *88% 90 90 - *85 V12Va *11 1 *89 *103 * 11% 83% *82 16,300 90 *90 "58% 60 21 Va 20% 39 87Va 37Va 91 57% - 600 600 107% 20% ' " 230 96 ♦107 *87 40% 87% 36% - 108 *95% . 107% 26 20 Va J 20% 160 6,800 108 95% 107 750 ' 99 *24 108T 95% 107% 300 51 20% 20% 26 - 108 * 96 " 20% 37V* ; *24 • 108% *95% - 20% 89 < 99% 51 *' *107 96 - 21 Va 99% 107% 73% 85% 85 144 *138 , 29% 31 y *138 144 30 110 30 30% 5,400 LOW AND HIGH SALE PRICES STOCK Saturday Nov Par Plough Inc Plymouth Oil Co *10 1 B Monday 20 *40 40% *10 9 per share 10% 10 41% 40% 41% 41 40 40 *40 39% 38% 12% 12% 12% " 12% *12% 12% 12 10 13% 13'/a 13% 13% 13% 13% 6% 6% 6% 6% 6% preferred series A—50 24% 24% 65 % No par 65% 24</a 24% 24 1,300 11% 11% 1,500 CLOSED 13 Va 13 Va 13,800 65% 65 65% 23% v . 6% 6 24% 65% > 5,200 40 % EXCHANGE 13% 6% Procter & Gamble 10 39% 40 STOCK 12% 13 Va 1 com 5% 24% 64% 65 Inc 5 *22% 23 22% 23 22 22 *91% 92% 91% 92 *91 92 *35% 35% 35% 35% No par 21% 21% 21% 21% com—No par 26% 26 26 com Inc preferred 23% 900 64% 64'/a 2,600 Day ' 21% 35% 21% 21% 21 25% 150 35% 2,900 21 21% 4,900 35% 21% 26 21% 90% 35% *>' 91 35% 20% *88% 90 35% . : 11 " 26% 25% 34 32% 33% 32% 33 32% 32% 32% 32% 15,900 30% 29% 30% 29% 30 29% 30% 29 29% 20,200 1071/a 107— 107% 107 »/4 26 % . 26 26% 6,800 ' > 100 . 2,800 30 . *106% 106 Va 106% *106 Va No par *27 Va 28 27% 27% 27 Va 27% 26% *20 21 *20' 20% *19% 20% *19% 20% •19% 12 Va 11% 11% 11 Va 11% 11% 11% 70 70 70 68% 69% 67% 6% 7% — Purity Bakeries Corp 12,000 33% No par -No par common 6 '' Public com 21 " 500 *22% Thanksgiving ' $4.75 cum preferred...——No par Service Co of Colorado—20 Shares 38% 40% Co—.—10 Pressed Steel Car Co Inc for the Week 9 per thare 39% 40 Sales Nov. 26 9 per share 10% *10 40% 41 —No par Power Nov. 25 I per share 10 Friday Thursday Nov. 24 Nov. 23 ! per share 10% Wednesday Tuesday Nov. 9 per thare 5 5 —w Pond Creek Pocahontas.— (The) 1,600 49 *72% $1.40 div preference 140 ; 11% 16% *20% Industries 101 Va *11%' 51 5%% 1st ser conv prior pfd—100 Pittsburgh & West Virginia 100 Pub Serv El & Gas 101% 300 48 85 class 500 80,300 24 ' 49 Va - 16% *23 . 16% 87% Electric 11% 7% 53 101 31% 101 Va 11% ' 23% 27,300 10% 47% 17% 1 IIV2" u n 9% ;-7% 8% 101% lOlVa* ; 12 - 23% *11% 32 *138 % *;! 8 51 Va 34 100 24% *88% 180 ' ' ■ 17 *83% . 58V4 *15% 1,200 52% *87% 1 12% *165 40 700 93 *92% 50% *88 12 300 32 - *49 36% 85 *82Va 32 .25,400 38 105 x52% 40% . ' 91 . 4,800 16% 16% X38 ♦104 < • 11% I7V4 20'/a 14% *103 18 40 *10% " 9 *100Va - 107%• 108 93 > 110 17% *16% 107 37% *11 *31 % - 13% 2,100 52 -*95% 89 58Va ' * . 55% - 51 *• 20% *89 *82 * *11% .*88% v% »%- 23% 40% *109% 104 104 900 ; 29 50% 51 Va 40% * 17 Va 16% *38% -- # 55'4 * 55% 23% . v ' ■ 11% 37% 40 104% *10% 101% ,*85% Pittsburgh Young & Ash pfd Pittston Co (The) • • 21%: • -17% 17 9% • 21% 96 18 13% 11% V 18% *26 ' 3,500 ' 112 17% *38% % *10% ' ! *100% HVa 52 19% '"29 V . 92% 101% - *26 92 100 conv 19 18% - 92 *98% 7% gtd preferred j. —100 Pittsburgh Plate Glass Co 10 Pittsburgh Screw & Bolt Nopar Pittsburgh Steel Co com——Nopar 7% preferred class B__ 100 5% ' 91% 21% - Oil 10 Va 92 99% > 100 $5 convertible preferred—Nopar Pitts Consolidation Coal Co 1 Pittsburgh Forgings Co— 1 Pitts Ft Wayne & Chic Ry com__ 100 Pure 46 % 10% *109% 24% 12 Pullman 45% 32 24'4 11 Va Pitts Coke & Chem Co com—No par Publicker 46 % 11% 31% 25% . <101 conv 46 32% 24 ■ v. 24% *107% 108% L—-<--100 t— 100 Phillips Jones Corp com newJNo par 5% preferred -—-100 Phillips Petroleum —,..^No par? Phoenix Hosiery 5 4%% 400 32% 8% 21% , .^No par 4% preferred <— 3.60% series preferred-- Co 28% 32% • ? *87%. & ♦27 Va 10% 29 104 9Va 96 Potomac 28% *27%. 91% 108 Poor 100 1,400 18 17% 20O 7% 13% 110 39Va 26 7% 17% 105 1,600 7,300 13% 32"% • ■« 5% .7%. 200 2 Vs. 25% 2 13% *109% 17% *104% 13V* ——No par » / *98% com. *28 . 110 39% "' >91% ' 29 *109% 17% 110 »*24 *100Va __5 $ per share 14 % May *23% 9 EXCHANGE 38 9 27% *10% - common—No par NEW YORK 12% i ;25Va *107 20% Lowest 19% May 11% May Sep Apr 2 Va 25% 8 14,000 41 2 25 *91 .100 Corp of America-,. Electric Co Range since Jan. 1 Highest Highest 21 • ♦39 2% 25% STOCKS Year 1947 Lowest h 41% 2 % 17% ;_No par preferred Range for Previous i •; *40 10 21% 25'% % , 13 15% Jun 41 104 2% Pillsbury Mills Inc common —25 $4 preferred Nopar Pitts C C & St Louis RR— 100 8 Sep 163% 32% Apr > 7 103% Jan 11 18% Jan ' Dec 14% May 14 11% Feb ■ 13 34% Jan; 5 1 Jun <: 7 *\ 13% Sep 41 *102 25% 13 Va 6,200 1,500 ' 104 2% Philco Corp common 3 3%% preferred series A——^100 Philip Morris ds Co Ltd common—5 ' 3 , common. 7% 20 V# 42% 102% 160 7Va. 20% , 20% *41% preferred L— —^.100 Phila & Reading Coal & Iron—1 8 19 92% Aug 31 77% Jun 15 30% Feb 25 Feb 96% • Feb July 88% Oct •• 22 63% July 50% Mar 30% Jan 91' • Day 100 1,500 95 25% *109% ,.100 15 56 % *94 42% 20 V4 4.3% . 22 37% Nov 88 - 7% 7 20% 21 Thanksgiving 21 *28* .. 33%c —. $1 div preference 4.4% preferred 3.8% preferred / 8 45% July 25 Phila • * *14% 55% 95 2% 4. - $6 preferred ; 10 - 21 Va Oct Nov 35% : May 19 104% May 15 24% Jun 14 - 7%' 7%, 21 CLOSED 57 25% Brewing Co_u—^—No'par i * 16% Pfizer (Chas) & Co Inc———1 *5 1 Phelps-Dodge Corp ! ——25 55Va Philadelphia Co 6% preferred—50 ■'« *50Va July 13 7% 21 « 15% 56% 21% Pfeiffer _ 59 > 94% 22,800 21 33 Petroleum *94 x57 8% 21% *32Va 4Va% ' ' 20%May-15'." 64% July 12 > 20% Nov 24 120% Aug 109Va Aug Dec Dec 2 Feb May-19 17% Jun 21 *14% 95 7% 40 6 98% Oct 2a ; ■ 14% 57% 95% 20 % 105 Co 14% 15% 57% 95 % 1,700 8% , 102% 17% Milk EXCHANGE 21 *104% Pet 8% 21% -*39V« 30V2Jan : 8'/a 40,800 102% <--50 Peoria & Eastern Ry Co 62% 97% RR Pepsi-Cola Co ' 8% 4% 21% Pennsylvania Salt Mfg Co com—10 3Va% conv series A pfd—100 Peoples Drug Stores Inc— : 5 Peoples Gas Light & Coke-^—lOO 5- 23% Nov 24 8% 46% 7 Rights * 8% 2,500 4% *101% *11 — 7 Apr 21% Dec 21 STOCK 28% ' 10 Co_ 24% Jan; May 59 Cement 20V*'May 13% Jun 49% Dec 21 4% 13% Nopar Corp 7Va Nov 26 3736 V* 6 Oct 4% * 9% Nov 26 Jan - — ! 4% Sharet 3% 40 40 21% *7'/a -Nopar ; Coke Pennsylvania Apr 22 Sep 4% 3% 41% 102y2 *26 Nopar 5 Enterprises —. May 24 Jan Coal •& Penn-Dixie 6 51% & 4% 41 *2% Penn Glass Sand Corp com-^No par * 5% preferred 100 Penn Power & Light Co_ _No par 14 118% „ Dec 6 Jan 20V* July 22 V« Transportation Mines 3% 41% the Week 25% < 2.50 Penney (J C) Co 2 38% Feb 27 Patino 3% 3% 41% Sales far I perthare ♦102 *41% 1. 3% Friday I per share 3% 57 7% 21V* l Co_j_. Penick & Ford 1 Feb 24 21 Nov. 26 Nov. 25 f perthare I per share 42% *14% \ '21 *20% Thursday Nov. 24 Nov.*. 8% 57% *101 Wednesday Tuesday 4% r 96 7%. 1, 3% 42 15% *95 V* -Nopar Proof 7 Jan 48% Apr 13% May Rust 37 28V* Ncrv 38% May 7 Parker Parmelee 15% May 38% Nov Feb * 10 May 17 16% Jun 18' 8% May 32% Sept 9 Inc Parke Davis & Co 2 *14% 108 Sept 8% ' *57 No par 193,* 4% 8% 1 37 42'% 4% No par 100 preferred 3% 41% Transp—5 preferred- Panhandle Prod & Refining Paraffine Cos Inc com__ May 27 Jun & 3% 2% Panhandle East Pipe L com 11 May 17 11% Jun 21 :• 2 Par Pacific Tin Consolidated Corp 1 Pacific Western Oil COrp —10 Packard Motor Car__ No par 6 '(2241) LOW AND HIGH •All PRICE! , 62% May 21 5% May 17 13 81* Dec 4*2 STOCKS " $ per share 3% Nov 18 CHRONICLE RECORD . Year 1947 YORK FINANCIAL STOCK Range for Previous Lowest & 107 27 107 26 300 26% 1,600 Q Mar 25% May 25 Quaker State Oil Refining Corp—10 15 America com...No par $3.50 1st preferred—_—.No par —1 Radio-Keith-Orpheum '. .100 Ralston Purina Co 3%% pfd. Raybestos-Manhattan —:—.No par 21 R 94% Dec 80% Feb Jan 105 Va Mar 7% Feb 20 63% Feb 11 6% Oct 7 89 Nov 10 28% May 41 Feb 17% May 32 Dec 28 Sep 30 22% Feb 20 Dec 38% Feb 31 16% May 22 Va 32% 37 Dec 33 Nov 9% May Jan 28 Jun 17 75% May 27 11% May 19 98 Va Jun 4 34% Jun 18 x36 July 28 35 May 17 July 48% July 39 July 16% Feb 20 27% July 12 36% Feb 24 45 Apr 27 Feb 16 39 Jun 2 18% 10% Feb 24 Feb 31 15y# May 27 96 Oct 11 May 16 V4 Feb Dec 14% Nov 20% May 10% Dec 29% Feb 21 Oct 6 25 V4 17% Feb 9 Nov 3 13% May 24 62 Dec 84 V4 Feb 55 Nov 10 12% Dec 17 Aug 9% Nov 17 S6 Nov 102 Jan 87% Nov 23 99 24% Jan 33 Va Oct 11% Nov 24 29% Jan 4% May 3% Dec 9% Jan 6% Feb 10 13% May 8 5% May 20 11% May 21 108% Mar 101 Jan 21 106 11% Feb 11 18 Nov 16 May 21 Radio Corp of ~ preferred $2 Co — - common 7% *90% 91% 91% 91 Va *92 93% 92 *29 Va 30% 29% 28 Va 28 Va *32 Va 32% 50 50 22% *42 43 *37 37% *11% 13 non-cum 1st preferred non-cum 2nd preferred-—^50 common preferred Bros 7% *29% 4% 7% 11% *69% 7% 1 4% Real Silk Hosiery Reeves 12% 70% 7% -25 Rayonier Inc common Reading — 12 Va *69% Inc 5 100 50c *104 23 106 7% 92 45,100 67% 500 7 7 Va 7,500 *92 93% 28 • 20 *29% 30% 29% 29% X28 28 27% 27% 27 Va 27% 27 32% 32% 32% *32% 32% ♦32% 32% 100 23 23 23% 22% 23% 22% 22 3i 1,600 *42 43 *42 43 42 42 •42 42 Va 200 *37 37% 37 37 *36 37 *36 37 200 *11% 13 13 *10% 11% *10% 11% 28 . 7Va *32'/a 22% *104 106 *11% "104 106 *13% 13% 13% 13% 13% 13% *9% 9% 9% 9% *9% 9% *104 13 106 *103 ,13% 400 27% 1,700 106 12% 13 1,200 Rels 12% 9Va Nov 24 8% Feb 2% Nov 24 Dec 15% Feb 6V4 Nov 22 Va May 30% Feb 9% 101% Dec 14 May 91 Dec For 113% May 24% Feb 110 footnotes Apr see page 22% Feb 103 Jan 26 11 5 14% Jan 7 May 21 66 Aug 4 15% May 21 Aug 24 33% Oct 7 23 15% Nov 26 111% July 14 21% May 15 82% Feb 102 34. 17 Oct 21 (Robt) & Co— div prior preference10 Reliable Stores Corp.: ;_No par $1.25 Reliance Mfg Co common Conv pfd 3%% series Remington-Rand common$4.50 Reo preferred Motors 5 100 50c 25 1 Inc *21 *9% *55 9% *88 15 1 50c 10 8% Republic Steel Corp com No par 6% conv prior pfd series A—100 27 Va Republic Aviation Corp Republic Pictures common $1 convertible preferred Revere Copper & Brass com—No par 5%% preferred .—100 2% 6% *105 16% •99 23 10 57% 10 *21 23 *21 23 9% 9% 9% 9% *55% 57% 55% 55% 9% 10% 10 10% 90 88 88 87% 87% 15 Va 13% 15 12 % 13% 8% 7% 7% 7% 2% 6% 28 108 ' 16% 100 8% ■ 9Va *21 9% 55 9% *84 11% 7 2% 9'/a 9% *9 23 *21 9% 9 55% ♦55 10 2% 9% 87% 11% - 700 200 57 87% 12% 7% 9% 9% 88 200 22% Va 12 7% 11,400 400 9,300 7% 8,200 2% 4,000 6% 6% 6% 6% 6% 6% 6% 6% 27 Va 27% 26% 27% 25% 26% 25% 26 Va 8,900 27,600. 108% '105% 108'/« 2% *105 2% 108 16 % 16% 99 Va 99% 2% '105% 16% *99 2% 16% 100% 2% *105% 108% 15% 16% 15% 16 99 99 99 99 . 4,900 50 Lowest Highest t per share $ per share S per 9. 9 Mar 19 104% Jan 39 Jan 19 % Nov 90 May 124 Jan 92 9 May 45 Dec 19 5 11% May 26 41% Jan 2 Dec Feb 45 Nov 19 50 Jan 8 80 Oct 14 94 Jun 1 Feb 18 % Nov 26 24% May 18 15% Jan 26 49 Jun 21 Richfield Feb 19% Nov 17 28 Jun 15 Ritter 10 % Mar 4% Sep 12 20% Nov Sep 5 14 15% Mar Oct 17 68 % Oct 54% Jan 22 17% 26% Feb 9% Nov 9 Dec 18% Jan 19 107% Sep 21 40 Jun 55 % Jan 39% Fed 24 5% May 12% Jan 8% Feb 11 May 37% Dec 32% Feb 11 Dec Jan 2 139% May 28 Dec Dec 58 Jan 9 Jun 12 Oct 8 Feb 13 98 % July 79 Feb 18 7 % May 11% Feb 23% May 55% Jan 25% Mar 40 % 49% Jan 39% Mar 10 51 May 27 5 95 Jan Sep 92 Dec 103% 90 Dec 102% July Jan 13% Nov 18% 83% Dec 98 % Mar 88 12% Nov 26 Oct 7 79 24% Feb 13% Feb 11 55 Feb 44 Feb 19 26% July 62% Jun 17% 19% Nov 15% Feb 10 20% Jun Dec 11 Dec 35% Feb 10% Feb 40% July 31% Feb 5 Feb 10 % Apr 43% Mar 23 5% May 30 % May 5 Mar 25 29 Feb 20% 10% 22% 22% 1,600 19 19% 19% 19% 19% 19% 20 1 19 18% 1,600 19 60% 59% 5.9% 60 62 60% 61 'A 59% 60% 1,400 *59 10% 10% 10% 10 9% 9% M) *10% 10 1,500 17% 5,900 Dec 11% Dec 104 Jan No par 5 ; ——5 17% *109% 110% Joseph v 5% vt e—100 Lead series A 112 *110 112 *90 95 *89 94 *89 *91 *90 94 94 94 13 29 Apr 6% Feb 4% Nov 2b 26 27% May 41 Jan 26 39 Apr 51 Feb 35% Mar 13 14 May 18% Dec 15 Mar 15 May Nov 11 Feb Dec 10 92% Feb 1177/8 Dec 23 39% Oct 102% 35% Jan 17% "5% $4,50 Oct Jan Oil 8% 160 10 9 90 98 July *99% 27% Nov 12 11 Nov 5 3 % Nov 24 Apr Jun 16 Socony Vacuum Oil Cj Inc 14 Solvay American, Corp 4% 4 8% Oct Feb 17 45% Aug 6 7 Oct 22 22% Jan 11% Nov 24 36% Mar 17 Jan 56 Nov 42% Dec 36% Nov 27 Dec 34 % 25 % Mar 16 Jan 15 22 South Gold Carolina 16% Jan 5% *■ E South 43% May 24 42% Jan 8% 15 30% July Porto .27 115 112 21 20'% 21 20 20% 20 20 25 25% 24% 24% 24 % 24% 24% 24% 30% 31 30% 30% 30% 31 30% 31'A 30 30% 82 82 82 82 *81% 82% *81% 827A 93%' 94% 93% 93% 94i% 94'% *93% 94% 480 1 / 17 17.- 17% 17% 600 16% 30,200 Highest t per share S per share 8 May Dec 23% Sep 16% May May 8 68% Dec 20% Feb 94% $ per share Nov 26 4 Feb 26 Feb 5 Nov 63 Jan 9 Aug 25 7% com-4.50 ' *53. 55 $ per share Jan 5 29% Jan 2 20 30% Jun 18 90% May 15 61 % Mar 17 Feb 14 74 May 14 23% May 15 Feb 15% Feb Jan 21% Aug 19 99 Nov 112% Feb 95 Nov 20% Nov 37% Jan 16 12 29% Jan 104 Jan 29 26 29% Jun 3 79% Oct 18 91% Jun 10 Jan 18 26 27% May 15 Nov Standard $3.50 11% 12 40% 38% *37 38% 38% ; 5 *4% V 80'A 20% 13 53 Jun 16 Standard Oil 80 69 % Feb 11 92% Jun 15 Standard Oil of New 24% Feb 27 35 Jun 14 Standard Oil of 10% May 17% Feb 11% Feb 10 Jun 49 Feb • 38 11 43% May 11 May 47 Dec Dec 30% Nov 13% May Oct 37 Feb Feb 16 4% 18 Jan 11% Mar Jan 32% Mar 12 39% Jun 97 7 Feb 6 10 Oct 19% 25% Nov 24 Feb 36% 12% Feb 11 15,% May 21 Jun Sterchi f Indiana Steel 39% 73% 73% 74% 26'/a 26% ; Stevens 16% May 26 (J P) & Stewart-Warner Inc_ Co 40'% 14% May Nov 24 18 Jan 2 21% Jan- 15% Sep 24 20 Jan 8 10% May 17 Feb 11% Jan 6 18 % July 1 Stone & Webster 16 25% Feb 29% Jun 15 Studebaker Corp 7 Jun 10 24% Oct Stokley-Van Camp ! ' 5% Inc *37% * 34'A 13% 40% 12 % 12% 34'A 26 26 12% 16 » May 10 % May 15% 16% Mar 16 7 105 July May 75% Mar 114 Dec 7% Jan 125 24 11% Jan 92 109% Apr 51 Nov Oct 20 98% May 25 50% Mar 19 Feb 70% Nov 24 Oct 113% Jan 31 12% Sep 9% Feb 11 18 120 July 45% Sep 9 21 % Jun 9 26 26% Jun 21 34% Mar 8% May Jan 13% Mar 17% May 24% Oct 18% Feb 101% Jan 13 , 36 160 9 Dec 140 May 24% Feb 14 May 47 14% Jan Mar fee page Mar Feb 35% Nov 21% .Oct For footnotes % Mar 8% Nov 24. 2 1 11 1 11 24 10 43 July 13 Sun Chemical Co Clask A 4%% pfd 1 Sun ray Jun 17 9 Superior Oil 16% Jan 19 Sweets Co of America Paper Co 106 • 62 62% 10.700 39 7 39 % 39'A 11,800 73% 72% 73 7A 72% 72% 23.100 26% 25'A 26 24% 25'A 10,500 94 *92% 12% *40 .-''•r 12%' 33% *92 94 12% . 12% *40 40 % (The) 200 100 38 12% 12% 12% 12% 12% 34 34 33% 34 2,800 89 % 89% 91% .100 34% - 90 *89* 900 . 25 "s 3.800 ' 12% 12% 12% 12% 12 5 12% 13% 2,400 10% 10% 3.000 16'A 16% 1.5% 15% 15 22% / 25% . 23% 22% 22% 11 - 7% 8 10'A 10% 10 10 % *15% 16% *16 16 Vs 15'A xl3% 14% 21 % 22% 7% 94 7'% 7% 7 300 16% 16% 13% 13% 4,700 21'A ' " 21% 17,900 7% 7'A 7% 4,700 93 *91% 94 70% 70% 70% 70% X61 % 62 *116 »/4 117% *116'A 117% *116% 117% 11% ll'A 11% 16,600 18 % 18% 18% 2.500 19% 3,100 *90 94 *91 18% *18'A 18% 18'A 19% 19% 19% 18% 19% 18% '20'A 19% 19% 19% 39'% *39'% 39% 39% 39% 39 39% 38'.4 9% 9% 9% ,. 10% 10% 10% 10'/a 24'A 24% 24% 25 172 » *156 • *150 170 25 154% 25% 154% 9% 24'% *147 152 • 14% 14% *14% 15% 14% 14% 39 37'% *36'A 37 35% 35% *35 9 9'A 8% 8% 8% 8% 300 \ 200 15 *14% 37'A 9'A 1,400 7,500 154%; 154% 15'A / 8% 36' 8%' ; 1,600 25 24% 25 , • 9% 10 ° ' 4,300 38% 39'% *9'% 4,000 40 40 40% 37% *18'A 4.16% 12% 37% U% *37i% 12% 12'A 39 11% —10 94 25% *90 *14% s *37% 11'% , 1,700 62 % 39% 11% 50 107 62 'A 39% 11% 725 106 111 900 99 63 *116% . 4 *96 39% U>% No par Corp—' Sutherland 111% 410 6,300 18% 18 19% 12,200 26 X69% *20 80% 90 : ^ . 26 . % 10c Co_i—' 14 80'A 18% 19% 25 A (The)— 44 % Jun 80 Vs 80% 80% 11% _100 of "California;—- Superior. Steel 21%. :—1 — series Sunshine Mining 96% 20% . 25% 69'% *116 series B 25 Inc——/12.50 Biscuits 96% 22 117'% 4%% preferred 96% 21% 26 94 - 96 22% 25% 69% *90 7,500 1,000 70% 117'% 4%%. preferred Sunshine 7% 7% 1 No par Oil Corp common Superheater Co 19% Jun I common common 11% Mar 31 235 23 (The)_ Corp 28% Jun 9 1 22% $4.50 series A preferred——No par Sun Oil 1 15% May 24 19% Nov 32% May 4 15% 16% 23% 101 *87 90 ' 15% 16 % 23% 12% 10% 10% 16 .720 No par 1 16% 23'A 25% ' 12% 10% common—1 *87 90 . 16'A 23% 101 *37% 39 250 16'A 101 *92 94 34 . % ' —5 —7 prior preferred *40 12% 34 4 19 % 12% : t 39 12%, *87 —15 Corp.— 13'A 12% *37% > *92 94s *40 Sterling Drug Irtb' common— 5 3%% preferred—100 36% May 21 27 *92 —No par .7—7—1 74 ' 27 3,500 73 40% 25 6,000 8% 66 62% 63% 40 % 27% 66 Day 1,300 24 111 103 39% _100 Inc_; 80% 112 62% common -1 preferred—i_7_50 Stores Bros 111'A 63% 25 _ Jersey (The) L S *100 113 *112 V 23% 8% Thanksgiving 8% 67 101 63% Spring convertible Starrett Co 8 88 No par —No par California—_No par preferred series A Standard 41% May 26 49 104% Mar preferred— 100% 100% Ohio common—10 preferred—— prior 67 ■ . 68 96*% 21% 19 . • r 26% 27'A 67% *66 19% 36% Feb 41% 66% 5% 29% CLOSED 23% 8% 1,400 2,400 4% *62 for #hares 14% *4% •' EXCHANGE 27 80'A 44% July prior $7 3%% 66 66% STOCK 5'A 22% 8%. Sales 4% 68 27% 81'A 37% May $6 97% Jun 11 15% Oct 23 66'A 800 the Week t per share share 14 22% 8% 20,% Standard Oil *62 t per 4% 27 8% ' - 80 / Nov. 26 /• 15 22 3A ' 27% 8% 20'A 15 *4% 5'A 68 80% 22 14 22% 8% " par 22 Oct *62 22% pref—ffo Oct 89 x4% *96 Jun Jan 14% 4% *4% 5% 68 27 " 14% 4% 5 22% 22% 27% Sper share share 14% 15% 22% 73 July 31% Aug *4% *62 Nov. 25 * 8% ' 7,000 69 ■ Friday Thursday Nov. 24 95% 121 of 4% 5% 27 % 17,200 ■ SALE PRICES Wednesday t per S per share 15'A AND HIGH 61 69 70% Nov. 23 it 22 109% Oct of Nov. 61 ' , Tuesday Monday 95% 11 May 70% 96 % 27 88 *69 *69 22% 27 34 70'% ':. r '/ 48% "49% 39%' 39% ; ' ' *95% Feb 12 61 16 Vs 54% Jan 37 61 *23% 97% Feb 105 61% 23% 86 Dec 61% 16% Feb Mar 40% 62 16% Feb 63 50% 39% x23'A July 94 x48-% 41 **i 16% 63 23% Jan 52%. 40% - 23-% 125 114% ,28'% 28% 51%7 41 16% May May 89 28% 6.300 *22% 50% Mar 81 3.3C0 28'A 52% *69 — .28% 27% 28% 61% • 60- 22% : — 28% 51%. 5. *62 38% 28% 28% 15% ■ ' 28% X28'A I per share ' 2,100 28 % 28% 28 41 70% *15 *37 38'% *37 300 2,100 40% *37 27% ,• / f. ■ 11% *40 No par com 55 11% 39'% No par Brands Inc preferred Standard G & E Co $4 , 45% *52% 12'A Nov. tiO —No par *42 55 42 LOW preferred 45% 12 '/a Saturday Squar° D Co —-7. —5 Squibb (E R) & Sons common——1 $4 preferred—————No par 2 Aug 36% $4.50 55 40% *69 , Conv 8,200 12% % par 7% 27% STOCK \ 7% *36% tr ctfs—100 . . 8% May 27 73 13 102 56 3,600 8 42% 62% YORK *43 45 'A *54 % % 500 3% 12'A *60% 30 ■ 97% 42 28% 7,, 3% *97 12% 27% 1,800 2,300 3% 42% 52% Spalding (AG) & Bros Inc_l—-—1 Sparks Withington—„ No- par Spear & Co common.,— —1 $5.5q preferred— No par Spencer Kellogg & Sons— 1—1 Sperry Corp (The)————1 Spiegel Inc common—*— _2 25 7% Mar 16 18% Dec 7% Jun 20% Feb 45% Dec *43 55 16% 16 7 a 97% . 42% -41% Mobile & Ohio stock 20% May 20 22% Nov Oct 17% Feb Nov 17% May 55% » 1,100 ; , *12% ' 25 25 EXCHANGE 24% 13% May 83 17 17% 45% *43 45% *43 ^_50 —50 41% NEW 31% July 27 23% 17 17% 52% Highest 14 14% Jan 93% 7 82% *93% *17% * 73 >. 114 STOCKS Lowest 1,400 21 28% Range since Jan. 1 Year 1947 32.200 *114 No par Range for Previous 22% 112% 25% Co_—7.50 70 Lowest 21% 111% 115 21% Railway common__No par non-cum preferred-/— _100 20, / 22% 8: 58% Feb ' 22 7% Feb * . *35 22% 8 Co 36% 36% 114 7-% 77 6 *35 1,700 114'% >82 Southern Jan 36% 7,700 39 26 8 Southern Natural Gas 73 4% 26% 22% 22% 22% 22% 4% >26% *35 36% *35 36% 4% 26% 7% 30% July 12 ' 3,100 27 3'A 62% July 9 50% Jun 23 7% 2.' «' » 26% 4% 26% 4% 4% 26% 16'% 11 4 % May 4% 97 27 May 5% 4% 3 J/2 11 15 5% 3% 43% Feb 13 5'% 5'A 3% 33% Feb Oct 5% 3% Dec 69 *5% 3% Jan Aug 5% *3% 28 % 81 38% *5% 17 50 % Nov 39% 97'/a Edison 13% *13 13% 39 16% —5 . *13 •97% 50% 5% 10 800 1,800 10 9% 13% 17% Greyhound Lines 79% 39% 97 J/4 % 3,600 35% 22% , 38% *13 16% Co 3,100 35% 79 JH- ■ 25% . 22 23 9% 9% 24% 36'% 97% Apr July 12 9% 9% * Rico Sugar com_No par Pacific *76% 79 17% —1. California Southern 23'% 1,300 4,700 101 *77 35'% 22% *77% 36% 97'% July 20% Feb 26% 17%' May Feb 25% *96% preferred— Southern 9 27 101 25% ■ Southeastern 8 *99'% —15 6 & 10 '99% 101 36% 6% 10% 6% 6% 10% pfd—100 preferred—ui cohv 6 J/4 10% Platinum——1 & preferred 5%% 6% *22% 13% * 60 ll'A 11% 10% *20% 100 Jun Amer 11% 2,300 , 39% 4% 115 -15 ——10 preferred —U—. *4% 22% preferred —— 100 Smith & Corona Type writers-No par South 17,700 11% 38% 5% 26% 4.20% May 17 39% 11% 26 % 23 *13 13% 39 *35 & Iron——20 Corp—7, 23 5 39 *99% 38% 9% 10 10 5% Smith (A) & Sons Carpet Co com—20 9 7% 40'/« 6% 79 *76% 79 38% No par Sloss-Sheffiekl Steel 23 100 7'% *7'A 39% 10% 27% 36% 23 • 7% 40% 11% ,; 101 26% 38% *13 —15 26 Jun 5% Mar Gl———No par Co————1 Pen 104% Jun 39 37 % May 68 27% *76% Co—r—No- par 3%% 11% *11% * *7% 7% 39% 8 —1 Skelly Oil Co———— 9 3,000 *99% No. par 19 Apr 29 1,900 38% 101 Simcinds Saw & Steel 39% Jun 18 Sep Sep 16% 37% 6'A Oil (AO) 16% 38% 10% King Coalition Mines—-—5 Smith 17% 38 *5% Sinclair Oil Corp——— 3 16% 39% 10% 6 6 Corp of America—1—1 Simmons 8 57 17% 40% 40 .i 11% *11% 1 v Silver *7% 8 56'% 17 39 *57 % ——No pai (Frank A) 39 39% 40% 40 200 53 :56% 58 % 17% 39 J/2 59% 11 Corp— (W Union Sheraton 23 14% Feb Jan 54% 57% May 4,500 10%. Gas'—. & Steel Shattiiclf 21 Jun 21 25% Oct 40% 22 19% *7% ,_5 — 1 preferred Shamrock 32% Jun 52 28 19% 39 No par ——— Servel Inc common— 7% Jan 5 7% May 18 36 May 15 35.% Jun 17 Feb Nov 34% 20'A rl7% Shell 11 96 14% May 19% *57 Sheaffer 81 Dec 5% 20% 17 J/4 Roebuck & Co—— No par Seeger Refrigerator Co —_5 Seiberling Rubber Co_r—_——_1 2 26 29% Nov Jun 13% Mar 42 20 21% , Sears 15 Feb 18 Oct 23% Dec 3 % May 250 20% 59% 13% Oct 20 91 87 % 82% 20% *17 Seaboard Oil Co of Del 21 24% Nov 29% May 82 % 21% *58 series preferred 46% Jun 44 3,700 12% 68 10 12% 83% Feb 5% Nov 100 % 12 12% 23 Feb 40 88% 82% *38 15% Jan 700 90 *88% *87% 87% 13 'A No par 9 87% 84% Sharp & Dohme common No par $3.50 conv pref series A—No par 11 88'A 13 Sharon 24 90 *83 2 Mar 47% *88'% 13% 10 9% Nov X47% 83% 22 28% Feb 47% 27% 49 % 13 46% Oct 12 47% 28'% 28% 83 27% Jun Feb 27% 11,200 13% 36% Jun Feb 2,600 28 84% 11 22 *87'% 88% *87% 13 *83 11 35% Dec 88 90 83% 12% *13% Feb 21% ■V *48'/a 48% 48% *88 • 88% *87% Mfg Co 3.65% 17% Feb 9% 65 90 83% 13 88% 27% 29 28% 48% 30 6% May 4 29% *88 85 12% 13 'A ' *48% 230 *83 'A 85 13 J% 13 J/4 13% 13% 13,600 9 8% 9% 8% 9% 9 *83 84 83 85 x39'% 41% 41J/2 9% 9 9% 9% *84 4 24 % May 2,200 39 *107 4133 40% 41% A——-100 31 Apr 39 % 40 114 24% Nov 78 9,900 *110 Oct 25 10% 114 Jan Feb 5.200 10% *110 Dec 26 48% 114 41% preferred——-100 -—5 series A —100 non-cum 350 110% 47% 10% 10'% 11 10% 11% 17% 49i% 47% 49% " 110 111 111 111 49% 17% 17% 17% 17% 110% ,300 26 *25 *112 Regis Paper Co common pfd 4.40% 9% 50% 10% 11% 11% • 110 49% 51 *50% Ry Co—100 Louis Southwestern 110 % 17% 17% 17% —100 ; —10 t c—No par 82 Dec 14% 26 (The), (Jacob) 40% May 70 Feb 400 23 33% 30% Apr 24% May 18 94 5,600 26 Seagrave Corp 8% May 15 14% Jun r 1 Jan 10% 22% Seaboard Air Line com v t C—No par 12% July 12 5% Mar 17 110 2,203 10% 10'A Seaboard Finance Co———1 4 9% Mar 16 Dec 101 5% 21 9 59% May 6 8% Oct 25 16% Feb 16% 5% - 26 5% 16% 10% May *20 % 5'A 23% pfd——100 Scranton Elec C\ (The) common—5 3.35% preferred —— 100 6 Dec 6% 20% 5% 10% 7 Oct 11 27 20% 5'A 26 Scovill l4 43% Nov 26 20% 5% 23 Corp———*-5 Schenley Distillers Corp 1.75 Scott Paper Co common—ilNo par $3 40 preferred — Nq par 24 11% May 13,400 27% 20% 10% * —25 Savage Arms Apr 12 39% May 26% 26% 5% 5'A 26 1st 9 15% Jun 26% 28 21% 27 *20% * 10% 5% 7 87 2,100 24 St 15% Aug 24 93% Apr 709 18 % 26% 16 35% May 21 87% Nov 24 84% 18% 10% 91% May 20 5 84% Day 23% St 13% May 27 Dec Nov Thanksgiving 18% 26% Preferred 57 Dec 85% 18% 24 St L-San F Ry Co com 80 10 85%" 18% 10% 6 Dec 8% Feb 85 27% St 66 Jun 46 x 10% 48% May 15 67 101 2,500 24 9 16 % July 10,200 45 26 'A Controls com—1 preferred conv Royal Typewriter 16 61% Jun 29 20% Safeway Stores common 5% preferred 17% Oct 114% Mar 60% 27% 20% 2 26% July Dec 68% 27% Ruberoid Co Dec 18 Oil Ruppert 108 Jun 19% 0 21% Jan 35% 18 % 80 18% 4%% x20 113 46 b5 19 5% 1,100 35% CLOSED Ronson Art Metal Wks Inc——,—2 May 28 72 *44 £5 19 5% 6% 46 85 40 *84 Corp——>—No par No par Antelope Copper Mines——— 6% EXCHANGE 35% *44 1,200 6% 45 6% 35% 6% 36 8,309 , 21% 103 *102 *44 "44 .1 series 3.60% Robertshaw-Pulton U 27% May 27 Mar 16 24% 42% May 6% 35% Company Roan July 12 23% Oct 6% 36% 1 10 Preferred 29% July 12 8 6% 35% 6% 36% 100 Common Rheem Manufacturing Co— 7% May 21 29 6% 36 % Shares 5% 21% STOCK 104 *102 103 *102 103 *102 103 *102 1 10 Reynolds Spring — Reynolds (R J) Tob class B 16 6% Feb 19% 22 % Inc the Week share 5 5 % 22 10 19% Feb Dec 5 22% 6% Nov 31 Sep 18 5 Vh 22% 18% Dec Jan 23 % May .5% 5 % 22% 50% Apr 13% 5% Reynolds Metals Co com——No par 5%% convertible preferred——100 22 ( per share share 5% 22% 34 % Nov 25% share 5% 23% f pe. for Sales Nov. 26 Nov. 'i"t »l 5% Feb 104 t per *22% 16% Feb May 85 S per f per share share isov. Friday Thursday Wednesday Nov. 2.1 S per Par PRICES SALE Tuesday Nov. '*1 2.50 Rexall Drug 44 % 36% May Monday .(nv, :to share May 15 8 29 % Apr Jun 19 % S per share Nov 5 Feb 11% Dec AND HIGH LOW Saturday STOCK EXCHANGE Highest Lowest YORK NEW Range since Jan. 1 Year 1947 1948 Monday, November 29, CHRONICLE FINANCIAL & STOCK3 Range for Previous 6% COI/TMERCIAL THE (2242) . .. 300 1,500 Volume 168 Number 4755 THE COMMERCIAL NEW Range for Previous Range since Jan. 1 Lowest Highest $ per share YORK FINANCIAL STOCK CHRONICLE $ per share NEW Highest $ per share YORK LOW STOCK (2243) AND HIGH PRICES 8ALE Saturday Monday Tuesday Wednesday Nov. 20 Nov. i:i Nov. 28 Nov. 21 EXCHANGE t per share Par t per share $ per share Thursday Friday Jun 37% Jan 29% Sep 27 36% Jan Swift & 25 >30 20% 30 % 30 Dec 27% Jan 10% Nov 26 30% 22 Jan 8 Swift International 11% 11% Dec 11% 11'/a 11% Feb 27 26 Jun 3 Sylvania Elec Prod Inc com__No par 22 22% 22 21% 22'/a 80 % 22% 20% 2i ■/» 21 91 Aug 13 85 8374 8374 *8374 79% Dec 104% Mar 5% May Apr Feb 10% 4% Mar 12 7% May 18 $4 Co Ltd preferred Symington No par Gould Corp >83 85 5% —_l >83% 5% 5% 5 2974 30 % 30 30 29 % fo» Shares 30 4,300 10% CLOSED 13,500 21% 4,500 83 74 84 100 x474 * EXCHANGE 5% 11'4 20% STOCK 84 5 57 a 5 the Week t per share 11% 28% 17% Feb 11% 11 18% I per share Sales Nov. 26 Nov. 25 t per share $ per share 3G% 27 23 RECORD STOCKS Year 11)47 Lowest & 5 8,200 T 10 Feb 9% Mar 16 3% May 7% Jan 3% Feb 13% May 20% Aug 53% May 14 5% Jun 28 Talcott Inc 1974 May 27 Tennessee 52 % Feb 14 67 24 Dec 15% Nov Nov —1— Jun 15 Corp 10 25% May 8 Texas Feb 13 71% July 12 Texas Gulf Nov 10 25 Texas Pacific Texas Pacific Land Oct 26 Gulf 15% Jan 34% Dec 29 Feb 10 48 % May 13 Sub 41 Jan 58% Feb 45% Feb 5 65% May 24 Texas & 13% Dec 15 % Dec 11 Mar 11 20% May 24 Textron 18 % Dec 19% Dec 14% Nov 12% 24 24 Dec 21% Feb 5% Nov 26 14% Jan 8 41 Dec 59% Feb 27 % Nov 12 46 % Jan 9 12 May 17% Feb 12% Apr 15 9% May Dec 13"% Feb 6 Nov 24 15% May 21 10% May 15 60 % Feb 37 Nov 26 47% Jan 9 14% Feb 7 Sep 29 13'% Apr 19 24% Oct 19 Apr 30 24 45 6% Aug 16% Jan 10 Sep 38 May 85 Dec 16% 3% May 20 Feb 774 Oct 5 Jan 59 % 106 39% Feb 11 Mar 85 Feb $2.4o Co Feb 1% Mar 11 4% Jan 6 39% Feb 19% Mar 16 31% Nov div conv 32% Jun 15 25% Oct 19% Feb 13 Dec 108% Feb 95% Jan 2 10474 July 12 $3.75 21% Feb Mar 17 2374 May 27 Timken 53% Oct 42% Nov 26 55 Timken Roller 40% 38% *47 ,11 11% 11 11% 7.800 *15% 15% 15% 15 15% 1474 15% 15 15% 3,300 *6% 7 674 6% 6% 674 6% 5% 28 2774 27% 27% 2774 *2774 27% *27% 28 *13% 13% 13% 1374 1374 13% *13% 1374 *1274. 13% 6% 6% 6% 6% 15 : 93 Dec 104 Jun 7 Dec 16 Feb 30 Nov 51% 27 100% Jun 11 24 Coal preferred! Oct 24 14% Jan 5 Twin 12 2 Udylite Corp prior Coach 28. 1,800 70 3% 1,300 *27'% 28 3% 2774 200 23% 23 102% >102 102% 102% 18% 1874 19 19% 1874 19 1874 18% 4,100 44% 44% 43% 44 % *43% 44% 43 44 42 % 42% 700 10% 1074 10% 10% 10% 10% 10% 10% 10% 10% 1,600 5 10% 1074 10'/a 10% 10 107a 10% 1074 10'% 10% 3,500 1874 *1774 18'/a 17% 17% 17% 1674 1674 *18 1 7 74 99% 12.200 ■ ■ ." 120 " 674 7 Vs. 6% 90 '/3 99% 99'/a 9874 X1374 7 200 12,600 9874 140 15% 1574 15 15% 1474 15% 14% 3,300 19% 1974 19% 20 1974 2074 19% 20'% 10,600 32% 32% *32'4 ' 33% 32%. 3274 32 % 32'4 ,*9774 99 74 *97'4 *97% £974 5% 5% No par 50 Co 23 102%. 102% 19% 19% No par preferred 1574 7 7 9974 9974 22% 102% • *16% 77a • 98% 23% 23 3374 15% *32 No par com 23 77a *9874 —5 prior cmv 3% 87 10274 com„No par City Rap Transit 5% 3% 46% 19 .23% 1027a Co: $4.50 17 *28 30 *28% 3% 3% 9 *8% 46% *86% 19 No par preferred Jun 24 3% 3% 29 23% common conv Twin 3% No par Corp Century Fox Film 8% May 27 32% Jan 21 86 _2 $1.50 6 % Nov Feb 1774 974 May Jan 4% Nov 92 9% 47% 86 . No par Bearings preferred— 20th *874 46% 87 *102% 1074 May 15 Truax-Traev 9% 4774 86 10 107% July 22 19% Aug 5 25% Mar 31 5 *8% 47% —5 5 36% Jan 9% No par com Axle„ 11 10 BOOT 29% 23% 5% Feb Nov 2,100 4874 29 Transue & Williams Steel 12% Mar 16 8% 20% 88 *8% 30 8% 20% 48 No par 23% Apr 17% July 30 37 8 88 *3% 5 32 37 120 200 1.300 21 8874 No par 15% Nov Jan 3 774 21 21% 1,500 , 6 49 com Nov Jan 6 774. 8 21 6% *37 38 7% , 21 6 *48'A _100 20% 48 38 8% 874 21 9% *8% 39 *38 8% 21 6 *87' No par 14 38% % 39 *20% Corp 15'4 6 *8% 1 Western Air Inc, Dec 6 % 39 50 Transcont'l & Aug * No par preferred Tri-Continental 900 6 *27% l com 9,800 48 5 Transamerica 34% 39'4 47% 11% 22% Mar 11 21% 38% 7,200 3,400 16,000 11% No par Tide Water Associated Oil $6 3874 47 22 47% 13% Jan Nov 38% 16'4 62% 11% 13 96 3874 1574 62 21% . V 47% 23 Feb 38% 1 22 11% Nov Feb 16% 63% 2174 48% 10 Nov 15% XG2 74 21% 11% 10% Nov 7% 1674 65% 21% - 1 *47% Jan 112% 16 65 * 4874 Jan Dec 1674 16% 600 39% 1574 Dec 12,900 66'4 2274 12% 5374 22'4 10% May 13% May 99 52% i Detroit 11 53% 50c preferred, cum May May -574 May 53 v. Corp Thompson-Starrett Co 15% May 40% May 7 54'4 22% (The) Products 18 May 21 5374 65% preferred Co 94 17 54'4 No par preferred $3.50 54% 16% : Transit Steel Thompson 4 54% 22% common— Avenue 4 % 1.900 4 l Thompson (J R) 16' 17'% 4 Day 100 preference— 8 10% Jan 5974 May 26 96% Jun 1774 4'/a No par Thermoid $2% 17% 4 Trust- Fair Third 17 «/a ' preferred— conv loo 10% 10% Thanksgiving 4'74 1774 65% Thatcher Glass Mfg Co common The 10% *474 17% l common conv *10% 1074 *1074 4% 1774 *4 10 new Ry Co Thomas 7% May Inc 10% *10% 4 % 17% No par Oil & ctfs Pacific 9 Jun 6 share $1.25 May 22 Producing: Sulphur— Coal 10% 4% 17% 25 — 47 *10% 5 5 ; 19 46% May 9 Corp Texas, Co 58% Jan (James )l Telautograph 14% Mar 16 68% July Sep 10% 11% May 21 11 , *25 7% _1 9974 99% 9974 100 5% 5 5 474 4% 474 474 700 25 25% 25 25 24'/2 25% 7 26 ! 300 *97% *5 7% 7 6% 6% 7% • 99 74 674 26 *24 220 674 6% 3,600 U 12 Dec 15% July 58% Feb 43% May 9% May 15% 25% May 9% Nov 26 42% Nov 37% Dec 115 Oct Mar (The), 26 59% Jun 15 Underwood 9% Mar 16 Jan 16 % Jun 15 Union Asbestos 39% May 26 Union Bag & 43% Nov 1 Union Carbide 8 Un El Co of Mo 27% Feb 11 37'% Nov 105 Jan 12 103 Oct 28 110 Jun Corp Paper, <fe Dec 106% Sep 91 Feb 9 98 Jun 7 Preferred $3.70 series Dec Jun 80 Nov 4 90 Jan 24 Preferred $3.50 series. No par 27 Dec 20 Apr May 15% 3874 July 6 Union 96 % July • 1 Union 51% July 8 2 Feb 31% Jan 26 41% Jun 25% Dec Dec 22% Feb 10 30% May 19 Sep 104% Nov 24 110% Jun Dec „ 24 19% Apr 2 26 90% 28% Apr Apr 120% 59 Nov Oil Tank United 5% Air Nov 19 Jan 22 23% Oct 25 United Biscuit 8 Nov 26 15% Jan 2 United Board 35 Dec 27% Feb 20 36 % Nov 20 United 26% Jan 3% 33"- Dec 50 2% Dec Feb 5 2% Nov 10 42 Jan Nov 27/8 Feb 53% Mar Dec 65% Jan 4% Dec 5% 29 Feb 83 Dec 41 Nov 8% Dec 40 Feb 5 36 July 7 5% July 15 55 Jan 5 11 374 May 15 13 Unite Feb 4% Feb 26 May 27 United Jan 60% Nov 15 Oct 16% Feb 13 82% Apr 22 28% Jun 3 United 33 43% Jan May 44% Jan Dec 24% Jan 19% 37% Jan 21 46% Jun Feb 10 58% May 17 Xl9% Nov 22 23 59% July 20 Feb 12% May 9 48 12% Nov 23 11 May 24 21% May 26 7% 23% 86 13% Dec Dec 37 Oct 16% Feb 27 89 Feb 20 101 Oct 15% Feb 11 Feb 92% Feb 11 24% May 15 113% Jun 9 166% Oct 18 179 32 74 May 15 Jun Jun U S & 9 U 21 Nov 24 42% Jan 9 U S 4% Nov 26 8% Jan 7 U S Leather Nov 18 % Nov 24 8 Dec Xl7% 2 U 58 U S 39 Jan 24% Nov 24 103% July 87 51% July 81 Feb Mar 6 38% Feb 11 125% Mar 19 37% Nov 26 64 Nov 23 67% Mar 17 Dec" 80 150 Feb 129% Mar 16 July 9 37% May 21 94 May 49% May 15 137% Jan 13 58 % Jun 72 1 33 Va 1,600 25 % 24% 25% 2474 25 24 25% 24% 5,600 106% *103% 10674 1974 Jan 8 Nov 23 Feb 17% Feb Dec 48% Feb 37 5 42% May 20 8% Oct 4% Mar 16 8 6% May 21 Jan 12% Feb 8% Feb 10 U preferred—_ 100 *103% Inc ■* common—,10 874 *8%. 874 x8% 3574 35% 35% 2474 Cotp—No S class A Co U S Smelting Ref & Min 77c U S 11 Co S Tobacco 77o 12% May 26 11 Universal Laboratories Inc, 4 Mar 16 Feb 17 98% Jun 6% Jun 23% Jun 9 15 8 $6 preferred conv United Wall 47o For Feb 150 Feb 6 7% Sep 28 47% Nov 24 170 May 22 15% May 21 70 May 20 10 27% Oct 16 Universal Leaf 8 7c $ per AND HIGH SALE $ per share share PRICES t per 22 21% 20% 94 74 *93% 1674 16% 16% 10174 100% 102 172% *171 100% 97a 6774 67% *6774 69 25% 25 25'/a 24% 25 5 74 5 CLOSED 5 9% 9474 1674 600 101% 3,100 99% *171 874 5 *9 *6774 7,800 21'/a 1674 EXCHANGE 21 5 9% Shares 20% 10074 874 9% 69 the Week share *93% STOCK 172% 9974 171 172 74 Sales S per 9474 1674 I per share 21% *93% 16% — for Friday Nov. 26 Nov. 25 22% *171 Thursday share 947a 22 *93% 874 69 *67'% Thanksgiving 23% 21% Day 5 474 174 100, 874 1,400 69 10 22'% 4,800 3 1,600 19 74 19'4 1874 19 18% 18% 18% 18 "a 1,300 13'4 13% 13% 13% 1274 13% X1274 12% 6.300 46% 26% *86 > 42 % *127%- 39% *6574 74 43% 54% *54% 25% 2574 j. 74 41% 12874 t 3874 65 65 . 8 64 8 " 64 43 *54% 57' 25 40 39 * 100 1,400 x43 2474 88 *86 41% 12774 9 56 24 'A 42% *7'% 4374 *86 88 128'4 128 Va 39% 39 39% 66 42 42% -a 127% 42% 128 *86 88 *86 88 44 5474 2674 2574 26% 44 57 *5474 56 9 4574 45 46% *8 9 *8 9 39'% 128% 126'% 100 24% ' 5,200 88 40 7.300 127% 790 ' 38 1 39 *62% 3774 64 *62 38 2,900 64 200 " 73 74 7174 72% 71% 135 % 135% 135% 18% *38% 40 *4% 5 *9% 9% 18% 1874 18% 18% 40 *38% ' *39, 70 7174* 71% 135% 1,35% 13574 70 135% 7074 X1874 18% *18 39% *38 1,000 18% x39.% 19 33.600 136 40 -39% 3,200 100- ' 474- *474 9% *474 ■ Tobacco . 9% 9% ' •5 474 474'' 474 4% 974 r 9 9% 9 9 <88 92 • 600 1,000 * *88 1 92 90%" 3% 3% 2 50 '3% 3% *88 28 *88 ' *24% 3% 91 *88 3% 3% * *24% 28 *24% 1674 5% 1 16% 1674 1674 1 5"% 574 21% 20% *21 com_No par preferred *154 100 preferred com,,l_1 *49 Vanadium Corp of America,,No par 22 17 1574 May 17 Van Norman 16 26 74 Ma'v21 Van Raalte 12 74 July 19 x20%Novl0 1574 May 21 29% Jan 6 86 Feb 21 94 May 28 86 Feb 13 95 Jun 24. 4 Co Co Inc j 8% r 100 .4%% 2174 Feb Feb 15,500 13% *54% No par Universal Pictures Co Inc 1074 Nov Jan page 1274 19 74 v14% Feb 94% see 12% 5% 21 „ 1674 57a *20% 28 • 1674 *24% 17 5% 5% 21 *20% 92 „ 3% 28 3 % *24% 17% 5% 21 17% 5% 20 3% . — 2,600 28 17% 1,000 5% 2,000 20 % 500 ' 94 footnotes 127a 13574 Paper Inc common conv . 39 12% " United Stores $4.20 non-c 2d pfd—5 17 Nov 1274 101% 25 1 Jun 85% Nov 12% 1674 No par com, 10% Jun 84 1274 72% preferred Stockyards Corp 20 4 22 19 2074 Jan 1,000 13574 non-cum United 13 12% May 26% Dec 8,800 19% 13% *8 50 Feb Nov Feb — 51% 19% *39 % ' 3 % Nov Dec Feb 700 51 1974 100 *16 88 11% — 4074 52% 1974 ' 23% 1874 40 51% 1974 No par Corp common preferred—: Feb — 39 537a 5 5o com 22 -- 407 a *18% 100 preferred Steel 77o U 5 2,100 19% 17 172% 25% 200 450 21 5274 Nuv. 21 ,' 5% 63 Va 20 % Wednesday *9 ,_'_4_10 common 1st preferred non-cum preferred Universal-Cyclops Steel Corp Feb *40 "5% *61% " Ncv. 23 *67 % Corp common,,—I pfd series A— 100 21 22 ' 1 Jan Dec 20% Tuesday 101% 10 34 13% May 6 63 20% Nov. '$'2 *171 No par 22 1474 6 63 21% 19% 2274 common Sep Feb 674 63% 5374 94% No par 23 91% *6 21 Monday 22% preferred Rubber 600 40% 1274 *16% Plywood S 23,800 53 74 12% *93% _No par Feb Dec '* 20 common conv 2% 41% 40 $ per share 100 Chemicals, Co 2% 41% xl974 20% 12% par 150 2% 41% Saturday common Jan 56% 40 52% ,53% *20% No par May 4% May * 40 „ 4,000 2% 63 6 100 274 43 41% 42 63% x21 1,700 2,700 30% 274 21 6 63 63 21% LOW Jun Feb 6 C274 2% 400 8 42% Nov. 20 10% Mar 2% 41%, 21% STOCK 52 29% 2 74 41% 5 109% Dec *5% 274 41% 1,300 3474 <28 274 44% *43 16,300 20 % 8 3474 30 274 44% 100 9% 59'% 19% 8% 35 30 3 *43 2% 100 , Cos, 3074 274 3 44% *43 41% 2% common,1—, 1 274 3 *30 32 *28% 32 44 % *41 5 .. Dec 13% *28% par 105% 974 59 2074 874 x35 74 Stores *104 10 59 8% Dec 192 *20 974 36% Dec Dec 21 21 2074 24% 1047a *57 *8% No par Co 104% 10% 59 Vz 3574 5% 163% 2074 21 105 10 59% No par , 96% Dec 21 —No par *59% 617/a *104 10% 62% 10 10 . Corp,,-—10 Carton x33% 16 9% 61% .,100 & Foundry—,——,,20 Playing Card CoA— —10 8% 24 Jan 20 5 common S Pipe 3%% Apr 21 87% Oct 23 14074 Jun 5 Nov U 7 & Lines S 4 % % 53% July 13 Jan 38 1 Partic U 13 Feb 61% May 5 9% May 20 16 Feb 133 Jan 21'4 Jan 39% Feb -60% *33 S Hoffman Machinery com:—5 % % preferred !——,„—100 49 165 33% 4 Feb Dec Dec U 4 46%. Oct Dec 67 36 Jun 73 40% 38% May 17% May 14 11% Sep 27 774 Mar 30 Oct Apr 127% 33 Coal Industrial Oct Dec 33% 1 Feb 23 % May 3374 preferred 9% 92 34% Gypsum Co 53% Dec 34'/a <, S 77c 2 Dec May 35% 1st preferred 5% May 25% Jan 46% 2.700 *34% No par Freight Co 76 ^35 46% Col: S 5 24% 6,300 .46'4 Foreign Securities,,No $4.50 U 22 10 85 46% Par % Nov 39% 84'4 46 YORK 67% Nov Dec 29 % 82% 4674 United Gas Improvement Co,—13% United Merch & Mfrs Inc 1 Feb Jan 29 Vb 84 46 '4 United Engineering & Foundry 5 United Fruit Co No par Jan 9% 5,300 2974 83 4674 Co Electric 94 16% 20% 83 2974 85% & 33 % : 2874 2974 4674 Sper share 196% Mar Dec 71% $ per share 107% May 171 140 EXCHANGE Jan 106 82 7 4 8374 Dyewood Corp NEW 20% Dec 95 *82 Va ' Lowest t per share 1274 May "90 82% 297a preferred—,,, Range since Jan. 1 Highest Highest 15% May 91 95 *81 % STOCKS Year 1947 t per share *90 82 47 Fastener Range for Previous Lowest 95 82 95 85 preference 10% 60 "90 3 19% 21,100 81% *43 95 4,300 38»% 104 Va 29% Cig-Whelan 11% May 29% 3774 *104 81% com—30c $3 2874 1 39% 104% 82% $3.50 convertible preferred—.—100 United Corp common 1 47% May 20 30 3774 85 Corp Carbon United-Carr 29 >103'/a 39'/a 104 600 29% Lines 24% Jun 10374 600 3,100 13% *46 preferred 18% Sep *00 30% 3874 39'/a 104 9'/a 43'% 82% *90 25 Car— 28% 38% 95 29% 3074 30 104 9% 42% *1274 50 Co convertible 4%% 30% 3974 104 974 44 "1274 50 Aircraft United Mar 22 127a com,, RR non-cum Union 43% 13% 9% preferred™ California of Pacific 4% 3 9% Nov 110 Dec 75 27 38% 16% May 102 11 10 45% Sep 30 21% Feb 79% Nov 44% *13 103 % No par 104 X44 13% 39% * par 91% *9% 46'/a 13% 9% 2)74 No par 85 10 46 13% 9% ,„r.No par Carbon pfd $4.50 ser„No 10 47 13% 5 Co,, *974 47 1 j.——,—No par Rubber & ? 157 - *11 11% *23 24% *12% *20% 13 Va Vieks Shreve & Pacific Ry com_100 57c non-cum preferred— 100 *86 *86 ; 8% 49 *154 *154 157 155 , 8% 8% 7% 8% 48% 4874 47% 47% 20% 20% 1974 20% 1074 1074 *154 774 *47 155 774 _ 4,700 48 220 20 1,900 *1 10 * 49 - I 20% 22 2.50 Vertientes-Camaguey Sugar Co„674 Vick Chemical Co— 2.50 8% 50 ; i 157 *154 8% 2174 * 22 11 11% *23 23% 1274 20% 88 86 90 *86 1274 20% *23 1274 207 a 1074 *23% 24 1274 20% 12% " : 20 % 19% 1074 *10% 10% 24 ' *23 % 23 V2 1274 12% 2.900 2074 700 12% 20% 2074 86% *86 88 *86 88 *86 88 90 *8G 89 *86 89 *86 89 1,100 50 24 (2244) THE COMMERCIAL Range for Previous Range since Jan. 1 Highest Highest 9 pershare 50% NEW YORK Lowest $ per tharg 35% May $ per thare Nov 17 48% Jun Dec 104% May 85 Oct 29 5% May 10% Nov 14 112 Nov 7% Mar 16 Nov 16% 93 Feb 11 124% July 12 19 3%% 18% May 15 1/64 Nov preferred Dec 121 Feb *33% 100 : Virginia Elec 26 i». Nov 16 6 117% Jun 14 109 23 Jun 2 34% Dec 45 Feb 30% Nov 24 38% May 11 31% Dec 40 Jan 29% Nov 31 Oct 38 Feb 25% Nov 13 30 Dec 33% Nov 27% Nov 34% May 3 39 % Apr 26 32 % Jan 5 30 Aug 33% Oct 29 5 3 Apr 15 32% Jan Vulcan 7% 103 100'A 14% *16% 17'% _>-25 31% 14% 3*2 112% 25 Ry Co common 6% preferred Visking Corp (The) 8% 25 14% 22 8 14% 112% 31% 31% 30% 29% .30 27% 98 14% 14% i2 112% 17 34 1,700 87 20 4,600 97% CLOSED 3% 97% 400 14'/a 14% 7,700 1/64 1/64 301,800 *111% 112'/a 22 112% Thanksgiving 160 *16% 17 31% 32% 30'A 31 30% 30% 1,200 30% 30% 29% 29% 29% 30 1.000 27% 27% *27% 28% *27% 28% *27% 29 *30% 31 •30% 31 *30% 31 27% Shares 8% EXCHANGE 14% it 17 STOCK 98 112% 22 112% 17 31% 100% 20 common 33% *85 8% the Week t per share 87 for Sales Nov. 26 $ per share 34 ♦85 9 20 Detinning Co preferred 33% 87 it •111 % 17 *30 5 *85 Friday Nov. 25 1 per share 34 9 *100% A pfd Virginian 13 104 *111% 100 33% 90 9 Thursday * 14% " *" preferred Va Iron Coal & Coke 4% Nov. U *86 9% 99% 10 com $5 19 Co Pwr * Wednesday Nov. 23 $ per share 34 33% 85 9 Rights Jan & Monday, November 29, 1948 Tuesday $ per share 33% 85 Va-Carolina Chemical com—No par 6% dlv partic preferred 100 16% Nov 107% Nov. i'i t per thare Victor Chemical Works common—5 24 14% Nov Oct Monday Nov. 20 Par 96% Apr 23 14% July 13 May Saturday I perthare 33 69 CHRONICLE LOW AND HIGH STOCK EXCHANGE Nov 85 FINANCIAL STOCKS Year 1947 Lowest & 27 27% 26'/a Day *16% 26% 17 26% 50 26% 1,600 " 29 *28% 29% 100 31 *30% 31 60 29 *59 *30% W 57 75% Feb 17% 36% Apr Apr 13% 29% Apr 100 Dec 109 xl7% May 7% May 10% Jan 57% Aug 16 13% Nov 17 Feb 29% Nov July 100% Apr Jan 13% Feb Feb Waldorf System No par *13% 13% 13% Walgreen 13% No par 13% *30 31 *30 31 30 30 *30 101 101 101 *101 102 *101 21 Feb 18% ST'ANov 22 Nov 101 14 10 2 5%% May 22 Warner 32 Jan 34% May 14 Warren 5 16 27% Aug 3 20% May 28 Waukesha 26% Feb 17 Feb 13% Nov 26 Jan 3% Nov 24 Marl6 26 90 Feb 34% May 21% May Jan Nov 112% Nov 121% Jan Dec 112% Dec 116% Aug 7 2 47 13 Jan 5% May 38% May 10% Jun 113 Jun 107 Jun 20 Jan 5% Nov 17 34% Feb 14 Jan 9% Dec 9% May Dec 32% Dec Feb 25% Nov 90 pec 17 May 27% May 22% May 88 62 Sep 38 % 6 15% Nov 24 9 3%% 101% Jun 11 3.80% Jan 28% Nov 12 62% Mar 76 Dec 80 Jan 31 May 53% Oct 37 Mar 16 90 Dec 106% July 91% Feb 101% Mar 6% May 51% Sep 10% May 88% Dec Feb 5 Nov 27% Feb 26 9 19 75 Nov 35 53 Oct 15 19 Jan $4.50 10 Wisconsin 13 6% preferred Woodward Iron 42 Nov 26 Nov 24 61 Nov 26 81% Feb. Feb 64 Nov 24 Dec 80 Feb 58 Jan 5 Woolworth Nov 8 May 70% Mar 18% 33% Aug 45 ' Jan 16% 8 Mar Feb 22% Nov 26 10% Feb 27 38% Mar 13 15% Feb 24 23% Oct 83 Oct 65% Feb 27 15 31% Feb 14 5% 25 Jun •Bid 10% and asked Special sales, 21 Nov 9 July 19% Feb 11 Jan 3% Nov prices; wd When no sales distributed, on x Oct Yale Towne Corp 14 July 12 6% May 19 Zenith this day. tin receivership. Ex-divldend. *81 29% 29% 29% 29% 28'/a 29% 81 '/a 81% 81% 81% 81% 82 22'A 22%. 14% 15'A 23% 23% 15% 15% " *108 *115% ' Stocks, Saturday— Monday Tueeday Wednesday Thursday Friday Railroad 340,380 885,360 $545,000 2,959,000 2,413,000 Bonds *101 103 *18% 19% *40% *101 41 % -*105 2,634,000 $11,818,000 115% 115% 109% 109 109 109 106% 106 103'/a *102 103 Bonds 18% 17% 41% ^ Total 1,237,500 11,818,000 105% *105 5% 5% 5% 5% 5% 37% 37% 37% 36% 300 106% 330 *102 5. v • 17% 40% ' 190 103% xl7% (> ' 105% 37% 108% 50 800 106 ■ 13% 12% 12% *28 12% 12% 10% " 53/, *28 *26% 27% 26'A *66 68 65% 66 *26 32 1,400 12 *28 26% — 26% 900 68 *63 300 24%' 16% 15% 163/, 32% 32 17 31% 32 31% 32 29% 31% 24% 29% 24% 24% 88% 30'A 24 24% 8,100 24 243/8 23% 24% 25,300 89% 89% *28% *105 70 16% 88% 98'/a 30 *104 88 98'/a 28'/a 108 16% *97% 28% *28% 108 *104 16% 15% 15% 10,400 89% *89'A 90% 99 *97'/a 99 *973/4 98% 100 30 *28% 30 100 30 *28% 108 *104 108 *104 108 47% 47 47% 46% 44 46 43% 86% 36% *86% 87% 86'/a 86% 86% *24% 25% 86% *24% 25 *24% 25'A lc 15% 15'/a *24'/a 24% 15 —1 153/a 15 19% 15% 20 19% 20% 19% 20% 19 20% *53% 54% 54 30% 30'A *29 10% 10% com—_1 7% 59 11% 11% ..10 15% 15% 15% 15% 100 *125% 10 *34 __10 15% *125% 10% 2,100 73/, 10,900 55% 56% 11 11 79 *77% 15% 125% 33% 14% 14% 143A 64 *62% 66 681; 67 66 85% 85 85 *83 67% 67 67 67 9 9 9 9 24% 9 24% 24% 24% 143/8 14 64 23% *82 12% 12% 12% 39% 39 39 *19% 20% No pai 19% 73 % 20% 71% 20% 72% 73 71 No pai 16% 16% 16% 16% 16% 28% 28 28 % 27% liquidating dividend 28% 4 paid 4 May 10. a 4 delivery. 2,867,000 8.400 4.100 14% 14% 62% 65% 66 63%, ? *82 " .fit 68% f i- 673A 9 "• 120 450 - 83% 60 67% *8% 600 9 1,200 23% 3,400 12% 1,600 23% 38% 38% 19% 20 20 19% 1934 600 71% 69% 71V, 69% 70 3A 16% 16'A 16% 16 16 12,500 1,100 27% 26% 273/, 26% 26% • "■ 22% 12% 12'A 4 cName 3% »' *38 ■ 4 changed 39 3% from National Bond Share & ' 4,200 4 Corp. 400 2,900 r Cash sale. Exchange Daily, Weekly and Yearly Sales 3,384,500 2,684,000 3,535,000 300 42% 61 Transactions at the New York Curb Bond $590,000 50 35 42 ' 4 Deferred *33 23% 12'A ' 3% - £ ■ 9 243/8 12% 39% 1,200 6,100 14% -*67% 9 13% 153/s 66 64 67* Day 300 128 64 *62% 66% 84% 12% 12% *39 xl3% 15% 33% *62% 7,700 79 *125 42% *65% 1 CLOSED Thanksgiving 42'A 500 11'/a *76 15% 128 34 -83 .No par 15 15% *125 56% 10% - EXCHANGE 42 3A 39% Corp. 79 14% 15 15% 125% 7 60 300 *55% STOCK . 34 14% 1 7% 7 42% 64 28 30 34 14% Co 54 42% 64 5 54 34 66 4,900 10 7% 15 19% 30 42% —106 —Nopal Nopai 19% 10% 11% 15% 5.800 543/4 59'A 15% ' 15% 30 10 7% 128 60 15 *28'A 42% series—.100 ; > 4,300 *53% 103/8 11% *76% 44 " 54 *57'A 79 *15 ~ • 29% 35 42% No par 8 ' 11% 79 128 10% > 60% 11% 79 54 *29 10% *57 79 10 54 7% 59 46 30'A 10% '8 No par No par No par com $5,000 .6,900 . 31% 25% Co $40 1,200 37 11% 26% 67% 32 53/, 36% 12%, 31% *66 V, 5% 37 27 26% 5 series 120 ' 88 Co conv 1,200 42 *105 47% — Stocks (Number Week Ended Nov. 26, 1948 Saturday Monday Tuesday Wednesday Thursday. of Shares) Bonds (Par Value) Foreign Domestic Foreign Government Corporate Total 77,500 $48,000 $1,000 $2,000 $51,000 220.615 216,000 8,000 9,000 233,000 11,poo 3,000 198,000 8,000 5,000 268,000 238,130 184,000 307,990 255,000 — Holiday -— 247,590 $5,000 1947 3,812,320 149,000 253,000 7.000 409,000 1,091,825 $852,000 $281,000 $26,000 $1,159,000 $13,060,500 Jan. 1 to Nov. 26 1948 271,704,575 $1,222,000 $5,000 Foreign 105 % 115 106% 41% 105'/a 110 *107 '/a 18'A 42 260 *113% - ■ 103% , 18% 4,000 - *108 ) ■ 41% Total Bank Railroad k Industrial 7,000 *24'/a 15% $3,111,000 $64,00 0 1.693,000 74,827,160 70,682.520 16,083,000 849,1G5,800 837,418,400 $17,840,01)0 $929,108,960 $932,211,920 3.894,000 Week Ended Nov. 26 1947 225,631,832 U. 8. Government International 14% *86% Bonds $1,237,500 1948 5,300 No par 20 Holiday 4,567,243 *102 38% 16% . 115% 5% 13 . 106% 115 *37% " 22% 14% , 109 106'A 3,000 28% 813A 22 - 18% 105% 99% Government Week Ended Nov. 26 - of shares 109 106% Total Stocks—No. 108 40% -20 233,000 4,567,243 116 109 18% 105% *98 United States Bonds 266,000 278,000 1,036,880 Total 3,257,000 *108 40% . 4% 4 28% 81% , " 5% ' 4% ■ 109 106% Nopal $45,000 415,500 1,011,763 1,292,860 ... 15% *109 int'l Foreign 22% 15%' ' 115% Bank ,. Number of and Miscel. Shares Bonds 22% 15% *108 Transactions at the New York Stock Exchange Daily, Weekly and Yearly Week Ended Nov. 26, 1946 23% 15% 109 22% 3% 1,900 No par com Corp ilEx 29% 82 29% .* 90 : Mfg Products 4% 4»A 109 — Radio Zonite 15% 116 100 Youngstown Sheet & Tube Youngstown Steel Door 35 15% 4% 106% preferred 50 Young (L A) Spring & Wire.No Par 28 15'A 4% *88 common 4%% 23 89% Oct & York X19% May 27 12 100 133/4 15 * 4'/« 100 i. 4%% 900 15 15% 4% 67% SS) Motors W) 5,100 ■ 14% 15 .12.50 (The •. 34% Jan 2 16% May 24 May 25 800 21% 23 800 *65% common pfd 24 21% 223/4 17% 100 Wright Aeronautical Wrigley (Wm) Jr (Del) Wyandotte Worsted Co 481 14% May 53% May 14% May Prior *23 - 1 Prior pfd 4%% 69 July 15 ll7/s Jun 21 9 50 % Mar May Machinery 4 May i7 96% July 28 60% Mar 19 Feb 10% May 37% Dec 25% May 15 24% 17% 31% A Pwr Co (F 23% 17% Worthington Pump & 94 53 El 25 . *17% 27% Co Jun 24 *30 pfd series A Jan 21% 23% *27% Co Inc common Wilson-Jones 21% 24 % —...100 $4.25 preferred 8 21% 24 109 Co_..__.— conv 21% 24% 21,000,000 *1948 Stocks—No. of shares. , 1947 Jan. 1 to Nov. 26 1948 1947 1.091,825 998,583 67,930,676 65.451,827 $852,000 $958,000 $45,551,000 $74,037,000 281,000 43,000 8.097,000 7,113,000 26,000 44,000 1,652,000 528,000 $1,159,000 $1,045,000 $55,300,000 $81,678,000 Bonds Domestic Foreign governmentForeign corporate. . $13,060,500 80 . 13,200 17% 100 pref. Willys-Overland Wilson & 37% Oct 22 49% Jun 14 Apr 62 Oil 21 % 3,600 , , 18 —100 preference 18 14 • Prior Wilcox 25% 21 *24 No par preference xl38 5 100 94% conv 10 Dec Dec 10 % 10% . 17 'A 10 com Machine 17 Feb 83 75 Sewing 24% 21% 24% 106% Go Feb 28 Feb 15'/, 93% ' . 18 1 A Mfg 125% Nov Dec 15% *92% 10% 17% —5 ' pfd RR prior Motor 1 26 9 xl3% Nov 145% May 10 18 100 Instrument Dental $4 12 26 Elec conv White May 27 65% May 15 17% May 17 88% Jan 21 Mar B pfd series B——. White 19% Jun 21 29 51 10% Nov $5 July 30 31% Nov 6% Mar 17 Oct Dec 126 Feb 11 Oct 15% May 27 series series White 24% May 26 22"% July 8 2 17 Dec 23 Aug 64% Oct 20 9% Feb NOV 15% 93'A 100 pfd Wheeling & Lake Erie Ry Wheeling Steel Corp com 7 x53 Jan 15% *92'A 10% 4,300 17% No par Inc pfd series Weston 22 Jan Feb 20 57% Oct 92 27% Jan , Jun 9 July 21 Mar 18 15 Feb 16 115 Feb Dec 99 40% Jun 5 83 Feb 13% 11 14 23 Feb 12% 15% 93% 10% 4.300 9 18 Union Teleg class A.No par Westinghouse Air Brake No par Westinghouse Electric com 12% 23 34 15'A 92% 10% 60 23% 9 17% 100 2nd Pacific Preferred May 19 95% Apr Feb 15% 94 10% 100 4%% Lines non-cum 33% Jun 17% 15% 102 233/, 18 % Western 4% 39% Jun 90 9% *17% „1 Supply Co Maryland Ry com Western 11 55 31% Western 10 May 23% 9 *18 No par Auto 85% Feb Dec July 29 % May 5% May 23 9% 17% — Western 29% Nov 24 Nov 84 *101 '23% 9% 18% Pulp & Paper com__No par preferred 100 Air 23% Nov 29% 102 23% 9% *17% No par Power Western Oct 34 900 800 *18 —:—.—5 Virginia Coal & Coke % 4 Va Dec 26% May 19% May 13% 30% 23% *24 100 13 3/, 23% 94 "■ 25% *24 Snowdrift com—2.50 preferred West Va Aug 30 43 West 11 31 94% 135 4.20% 105 Dec 9 % 6% 18 Inc preferred preferred- West Penn ' 1 — 26 10 Oct A 38% July 12 36% May 21 72% Jan 15 7% Mar 17 Mar 26% 15% 61 13% 30% 5 preferred 10% May 18 46% May 20 16% July 9 22% Mar 12 42% V/o 9 110% Jun Oil & Class 22% Oct 20 51% Jun 15 14 100% Fob 25 Tobacco $4 conv 20 3 25 16% Apr 38% Feb Webster 22 111% Oct 103% Mar 29 75% 65 13% 9% 10% 21% par Wayne Knitting Mills Wayne Pump Co_ 4 119% Jun 105% Nov May 26% *58 60 5 Wesson 114 xll3%Apr 15 Oct 113 Dec 60 23% 94 25% 3 . Co Motor West Indies Sugar Corp.— West Penn Elec Co_ 100% Oct 32% May Corp Washington Gas Light Co—No 26% May 21 19% July 1 3 104% Mar 16 Jan 103% 106% Sep No par 6% May 24 34% Aug 5 86% Jan 2 10 19% Mar 117% Mar 22 30 % Jan Sep 27 X80 13% Feb Dec 4 Petroleum 10 41 105 Foundry & Pipe 17% Feb Sep i3% 15'A 10% 60 13% 9% *93 5 *58 24 *9% 100 Warren 2 20% Jan 12% *23% 1 Pictures 60 101 * No par preferred— Jan Dec Dec Co Bros Feb 20 105 Jun Walworth 27 30 % *58% 4llo Aug 26 23% Dec 100 Ward Baking Co common— 3 xl9% Nov 19% 17% May preferred common r 36% NOV May Co 13% May 24 16% July 13 x83% Mar 12 Dec 4%% 27% May 21 11 * 12 5 8 4 RR preferred 100 Walker (Hiram) G & W—-No par 10% Mar 12 106% Mar Wabash 105 xl8% Mar 17 8% Feb 2 15% Jan 29 19% Jan 35% Jun 26 24% Dec 88% Dec 66 TotaL * Number 4755 168 Volume THE COMMERCIAL & FINANCIAL Bond Record 4nf. The italic WEEKLY - %ni d#f*ult®d /b0"d*; Cash and deferred tL letters in the column headed indioate in each the ease Month Flfwree after decimal point Range for Previous 104.25 Range since Jan. 1 Lowest Highest NEW YORK Highest 106.6 106.4 Dec 108.21 Feb 105.1 Sep 20 105.28 Mar lo 111.23 Sep 112.6 Feb 107.4 Sep 17 108.28 May 106.13 July 101.11 Deo 114.1 106.13 Deo 114.8 Feb Treasury Treasury Treasury Treasury Treasury 17 July 108.10 May 104.12 Feb Feb 102.22 Feb 2 102.23 Sep 30 102.22 Feb - 30 104.24 July 104.14 Sep Sep 20 101.11 Jan 7 104.23 Feb 101.19 Jun 14 101.19 Jun 14 101.27 Dee 104.18 Apr 100.24 Mar 13 100.25 Jan 7 101.20 Deo 104.4 Jan 100.23 Jan 100.26 Apr 2 104.24 July 101.7 28 161.24 Dec 104.10 May 100.23 Sep 17 100.24 Sep 10 101.24 Dec 104.18 Apr 100.16 Sep 10 101.12 Jun 1 101 Doe 103.20 Apr 100.7 Oct 13 100.27 May 21 102.26 May 24 101.17 Jun 105.17 Jun 100.7 Dec 103.19 Apr 101.1 Deo 102.1 100.18 Sep 101.14 Sep 103.24 May 102.24 May Sep 100 102.26 May 25 Oct 4 100.7 Dec 10 Apr 102.12 101.12 Deo 102.6 102.4 Mar 100.4 May 100 Mar 100.2 Feb 103.80 102.23 Deo 26 3 11 100.21 Oct 102.2# 100.31 SeplO 26 101.13 Mar~22 Apr 101.14 Apr Aprlfj 101.26 Apr 103.1 Apr 103.2 Jan 100.31 Sep 27 101.18 101.21 July 103.4 July 100.30 Sep 27 101.19 July 13 100.80 Oct 101.0 Apr ~4 Oct 100.7 Jufy~l3 100.16 Apr 00 Dee 102 Dee 108.4 July July asked price. *Bld and 94.10 Jan 15 94.14 Jan 15 Nov. 23 '102.9 High Low 102.12 Hlrh *102.9 102.11 '102.8 102.11 '104.28 104.31 '104.23 10C 31 '104.27 104.30 *104.27 104.30 107.30 '107.22 107.2 3 '107.22 107.26 *107.22 107.26 STOCK 102.12 '102.8 '103.28 103.31 '103.27 103.30 *103.27 '107.30 108.2 *107.30 108.2 *107.30 *108.14 108.18 *108.8 108.12 *108.8 108.12 *108.8 *-1960-1965 *109 108.30 *108.28 .—Jun 1964-1969 2%s -Dec 1964- 1969 109 *101.17 101.20 *101.17 101.20 *101.17 101.20 *101.17 102.21 *102.17 102.20 *102,17 102.20 *102.17 102.20 *102.17* 102.20 —1952-1954 2%s 2%s *102.23 102.25 *102.21 102.23 *102.22 102.24 *102.22 102.24 *102.24 1956-1958 , *103.13 103.15 *103.7" *108.26 103.9 *103.6 103.8 *101.11 101,13 *101.12 101.14 *101.3 101.5'' *101.4:»; 101.6 *100.29 100.31 '100.25 100.27 *100.25 100.27 *100.25 100.27 *100.28 100.30 *100.25 100J27 *100,24 100.26 *100.24 100.26 *100.24 100.26 1965- 1970 2%s 2Vis .— 2 Vis *100.26 100.28 *100.24 100.26 *100.24 100.26 *100.24 100.26 *100.24 100.26 1966- 1971 *100.21 100.23 *100.18 100.20 *100.17 100.19 *100.17 100.19 *100.18 100.20 *100.8 *100.8 -Jun 1967- 1972 *100.10 100.12 100.10 2Vis *100.8 100.10 *100.8 100.10 -Sep 1967- 1972 *100.17 100.19 *100.10 100.12 *100.10 100.12 *101.11 101.13 *100.16 -Dec 1967- 1972 *100.10 100.12 *100.8 100.10 *100.8 2 Vis 100.10 *100.8 100.10 *100.8 .——1951- 1953 *103.2 103.5 *103.2 103.5 *103.1 103.4 *103.1 103.4 *103.1' 103.4 1952- 1955 *101.27 101.29 *101.24 101.26 *101.24 101.26 *101.24 101.26 *101.26 101.28 1954- 1956 *104.10 104.14 *104.8 104.12 *104.6 104.10 *104.6 104.10 *104.6 104.10 *102.2 102.4 *101.27 101.29 *101.26 101.28 *101.26 101.28 *101.30 102 —Jun 1959- 1962 *100 100.2 *100 100.2 *100 100.2 *100 100.2 *100 -Dec 1959- 1962 *100 100.2 *100 100.2 *100 100.2 *100 100.2 *ibo -Dec 1948- 1950 *100.1 100.3 *100 100.2 *100 100.2 *100 100.2 *100 2 Vis., —1956- 1959 , „ *100.14 100.16 *100.14 100.16 *100.14 100.16 *10.0.14 100.16 *100.14 *100.19 100.21 *100.19 100.21 *100.19 100.21 100.21 *100.19 100.21 __Dec 1949- ■1951 *100.19 *100.23 100.25 *100.23 100.25 *100.24 100.26 100.26 *100.23 100.25 _Mar 1950- ■1952 *100.24 *100.28 100.30 *100.27 100.29 100.29 *100.28 100.30 *100.28 100.30 *100.27 *101 101.2 *100.31 101.1 *101" 101.2 *101 101.2 *101.1 *101.2 101.4 *101.2 101.4 *101.2 101.4 *101.2 101.4 *101.2 101.4 —1951-1955 *101.2 101.4 *101 101.2 *101 101,2 *101 101.2 *101.1 101.3 *101.2 101.4 *101 *101 10i.2 *101 101.2 *101.1 101.3 *101.3 101.5 *101 101.2 *101 101.2 *101.1 101.3 *101.2 101.4 *103.4 103.8 *103.2 103.6 *103 103.4 *103 103.4 *103 103.4 1950 *100.8 100.10 *100.7 100.9 *100.8 100.10 *100.8 100.10 *100.8 100.10 *97.8 97.16 *97.8 97.16 97.16 97.16 *97.10 97.14 *97.9 97.16 *97.18 97.24 *97.16 97.24 *97.12 97.22 *97.16 97.19 *97.14 97.22 or 103 % York Stock Bank Range Friday's •„ 101.2 for 1972 at 15 100. a Odd lot transaction, r Registered bond Sold High No. 103 Vi 104 Vi FOR WEEK ENDED NOVEMBER gfi Range Since January 1 Low BONDS 100Vi Last Period Sale Price J-D — 17 J-D J-D SAAntioquia (Dept) coll 7s A _1945 s f 7s series B 1945 g f 7s series C 1945 S AExternal AExternal A External f 7s series D s s f 7s sec Teletype J-D J-D NY 1-1693 f 7s 2d series—1957 f 7s 3rd series s Antwerp (City) Australia (Commonw'lth) 5s of '25_1955 10-year 3Vis 1956 ■; J-D 3 Vis 20-year 3'/2s Belgium external External s s (U f f 31% 40% 32% 31% 40 40% 31 40 32% 31% 100% 31% 32% 4 31% 1 31% J-D- 13 73 97 87% 87'/a 93% 91% 6 85% 85% 861/8 85% 86 9 85% 92 F-A 85 85 86 83% QO _1949 12 M-S 101 h 101 A 4 J-3 105 6 7s S 'of) 1955 J-D external 8S——1941 J-D *— Stamped pursuant to Plan A 111 110 61% >- (Int reduced to 3.5^)T—„i-1978 AExternal s f 6Vis of 1926—ivl 1957 A -JO 9 105 111 85 99% 105 30 107% 3 50% 61% '471/4 461% A-0 46% 46 A-0 46% \ , '(Int reduced to 3.375%)——1979 ,A7s ' V (Central Ry)—_————1952 J-D . 49% 62% 51% 60 12 47% 60% 60 20 60 60 5 54% 60% ."60 '59 59 .>£•■59 '"■ 59 J-D 30-'f--i-^--Arli'-„% (Dominion J-D 4s——I960 of) F-A A-0 103% —1961 J-J 105 1954 J-J *41 assented f,7s—1942 M-N M-N *27% s — 103% 103% 94 102 99 102% 23 105% 105% 37% 50 19 28 .4 18% 19% 28% 33 18Va 28 19'A 28% — 30 A-O 28% 28 % 28% 27% 26% 27% F-A 28% Feb 1961 105 103 % — A-O Feb 1961 103% 14 , '' 1960 . 28% 28% 1 F-A 26% 27% 16 18% J-J 28 28 1 20% 28 _Jan 1961 f J-J 35 18% 27% 20% 28 assented sinking fund 6s—_Sep 1961 assented - 26% 27% M-S M-S 1962 A-0 A-O 26% A6%s assented 18% 1957 52 J-D mi 27% 28 19% 29 26%, *28% 27% 21% 'L ' 61 1 50 % 27% 28 18 30 Vi *28% — 27% AGuaranteed sink fund 6s assented 27% 10 1961 J-D —1961 J-D 27 27 "i 18% 27% 1961 —,——— A-O 28 28 4 19% 28 A-O 27 27% 4 18 27% 19 28% —,————1961 AGuaranteed sink fund 6s assented _ 26% 27% a. ■ _1962 —1962 M-N 28% M-N 27% *27% 7s„4—^—1960 M-S 1——1960 I M-S assented 20% *28'/a 28%. H '• _;■£ r ' . 1 37% 49% 54 26% 26% 27% 18 27% 17% . 27 5lA 16 49 37% 49% 5s 1951 J-D 5% 62 38 (Hukuang Ry) . (Int reduced to For Financial Institutions ' — *63 ... ... 3.5%),— 1978 funding bonds of 1931 due__1951 Stamped pursuant to Plan A J-D 11979 A-0 47% 47% 47% *42% 49% 9 5% (Int reduced to 3.375%) External $ bonds of 1944 3%s Series No. 1— (Plan B) — J-D 3%s Series No. 2 59 3%s Series No. 3 58 I . J-D 3%s Series No. 7 J-D 61 48 60% *58 61 w— *57 61 *57 w — J-D 3%s Series No. 10 J-D : — ' 3%s Series No. 12—1 3%s Series No, 13—. For footnotes see page 29. 61 51 7 61 52 63 56 64% 1 r.o. inc. FOREIGN SECUHIIIES SPECIALISTS 62% 52 rjuii mams ' 3%s Series No. 9— 3%s Series No. 11 46% 13 59% *57 • J-D 3%s Series No, 8_ 50 59% FIRM TRADING MARKETS 61 60 SECURITIES 61% 48 y4 58 ' _*. 49 3 58 ■ 3 59 % 58% 59% J-D — 3%s Series No. 5 59 59 _ 3%s Series No. 4— 3%s Series No, 6 59 J-D FOREIGN J-D . . —. *57 — 53 65 • . 54 65 59 1 49% 60 59 59 J-D ' 59 59 J-D a. — 59 7 48 59 58% 58% 1 56% 59 50 Broad St., New York 4, N. Y. Telephone HAnover 2-0050 27 18 3 ■ ■■ *2% » i ' 27'A 62% 45'% 28 * 18% 20 27 26% 27% J-D 6%s A6%s assented Munic M-N M-N 6%s_—___1957 Bank 27% 26% 27% 27% 22% *28 % i_1962 —•. Mortgage 27% *28% Sep 1961 sinking fund 6s assented AChinese 27% 6s———_Jan 1961 — s ASinking fund A7s •, 102 105 101% 4 1 97% 97% 102 .-I960 sinking fund 6s— Cons 94% 3 *28% 1942 48 'si J;.r 97% 97% 97% 1958 assented A6s •. r' &. :,59 59 ; ;^9-!59 : 1950 sinking fund 6s— A 6s >.y M-S AExternal sinking fund 6s_— 1963 A6s assented —w——1963 AChile -, tit 1957 assented A 6s «. •a J-D J-D:*'. A 6s - „■* Stamped pursuant to Plan A . 61 *$7 49% 45'/. „ 60 2 60 J-D'. AChilean 61 A-0 M- 62 37% 8 Stamped pursuant to Plan A ' 114% 37% 21 *60 J-D 104% 109 50 47% Stamped pursuant to Plan A (Int reduced to 3.375%)—1979 AExternal s f 6Vis of 1927——1957 90% > * ^ 51% 59 57 60 60 AExternal 94 J-D 6s_: 60 50 AExtl 103 _1966 —— ' 48 A 6s 99%' 19 28 91% _1955 6 Vis 52 58 A 6s 40% 91% 1 60 ARy external 40%" 32% 94 91 59 *57 AExtl 38%' 100 % 100% 91 60 *57 A6s 40% 33% —1962 ——-— 3%s External §ABrazil 1967 ———— 20-year 3%s 15-year J-J 1957 „— 32% 32% F-A 10-year 92% 32% J-D\. 60% - V AExternal 65 93 A-0 1958 47% 44 J-D § A7s 64 65% 32% A-O 1957 external 5s 60% 60 *32 59 3 2 59 57 J-D (City) s f 5s— Sinking fund gold 5s_— Sinking fund gold 6s— 32% A-0 53% 60 59% J-D Brisbane 32V4 J-J 1957 1st series s AExternal sec A 1945 1 59 60% 59 3%s Series No. 29_Jii_^;—— 76 *32 60 59 3%S Series NOV 76 J-J 51% 3%s Series NO. 27—_3 ».■ *61 J-J § AExternal 60 2 3%s Series No. 25 *61 J-J § AExternal 52 3%s Series No. 26— Agricultural Mtge Bank (Colombia)— 76 High 51'/a 1 57 57 J-D 25-year 3 %s 1 (City) 8s i A Chile (Rep) External A-O 59 J-D 3%s Series No. 24——c Low 6 , 59% 59% 59% J-D January 1 60 59% J-D T". 3%s Series No. 16 ACarlsbad MS : 157 57 , Range Since Sold No, High J-D —_ Bonds Friday's Low 107 Foreign Govt, & Municipal 1948 or Bid & Asked High 3%s Series No. 23 Exchange F -A Week's Range Friday Interest New York Stock Exchange 3%s Series No. 15 86 5,000 transaction. - Bonds Bid & Asked Broadway, New York 4s_—1968 101.3 1953-1955 Canada 6s——. 100.16 1951-1953 —Sep 1950-1952 3%s Series N6. 28 Akershus (King-of Norway) 100.2 —Jun 1949- ■1951 Wertheim & Co. —1947 100.2 100.2 " —Sep 1949- 1951 t. 6s— 100.10 101.18 ,100.10 2 Vis Foreign Securities fund " 2 Vis 3%s Series No. 21 fund -J 2 Vis 3%s Series No. 22 sink 100.28 101.15 101.7 3%s Series No. 20 sink 101.7 *100.26 *101.13 *101.5 3%s Series No. AGtd 103.12 101.16 *101.5 103.8 101.18 101.10 1963-1968 3%s Series No. 18— §AGtd *103.10 *101.14 *103.6 *101.16 .—.1962-1967 3%s Series No. 19 120 101.20 102.26 *101.8 2%s 2 Vis 3%s Series No. 14—: 2-2300 Day Jun 1952-1954 New York City Transit Unification Issue— REctor 109 *108.28 101.21' *102.18 Week's Sale Price New *108.28 109.4 *101.18 iCalled for redemption Dec. Period Members 108.12 Dec 1952-1954 Low Telephone 108.2 *108.8 Thanksgiving 1949-1953 a 25-year 3s Last J-D 103.30 1950-1952 2Vis RANGE 1980 *103.27 *107.30 109 2y2S 107.28 EXCHANGE 108.12 102.10 104.30 *107.24 108.2 —1958-1963 *102.7 *104.27 103.30 108.8 2%s 2%s Bends(•) High CLOSED '103.28 103.31 the Week Nov. 26 Lew High '107.26 '108.4 2%s ' Nov. 25 Low High Sales fee Friday Thursday Nov. 24 Low 1951-1954 Friday Corporate Stock Wednesday High Low 1956-1959 Interest New York Stock Exchange Tuesday Nov. 22 Reconstruction & Development 10-year 2 Vis —1957 14 sales transacted this day No Monday 2%s "58.30 May 17 99.30 May 17 BONDS 37e LOW AND HIGH SALI PRICES 1949-1952 : for the year. point. 2%s International •I. a 1951-1955 27/as Treasury 2s Treasury 2s Treasury 2s Treasury 2s Treasury 2s Treasury 2s Treasury IVis May" 18 101.32 Dee 82d ef -1955-1960 3s Treasury 2 Vis Treasury 2 Vis ^Treasury 2s Treasury 2s Treasury 2s Treasury 2s Treasury 2s Apr May July 101.20 10 102.13 July 13 100 100.21 Oct 102.12 100.23 Jun more Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury 2 102.23 Sep or the only transactions of range mature. Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury May 104.12 one are disregarded in the week's range, naless they ere No account is taken of such sales in computing the bonds Nov. 20 Low 3%s occur. the Satorday STOCK KXCHANGE Sep when t GOYRRNMKNT BONDS Year 1947 lowest YEARLY - delivery sales a footnote in the week in which they Interest Period" (2245) New York Stock Exchange «» FRIDAY th- CHRONICLE r ' Teletype NY 1-jNl 7% 25 " 26 (2246) the commercial new york RANGE Friday BONDS Last Period Sale Price or Friday's Bid & Asked Low Colombia A6s of 1928 Oct 1961 : f $ A-0 Jan 1961 — external A-O s Rica (Rep of) 7s (Republic of) 5S of loan 4,/2S Sold Range Since Low No. *41% J-D 69 ¥2 M-N 6512 15 9 13 — F-A -„-__1977 J-D 9 44 58 82 53% 79 12 % extl A f s extl Estonia French Greek A4'%s part A6s . part Free Italian Italian „ 104 ——,„r._.r_1964 M-N f s extl l-3s, AAss'td AMilan 7 6% 5% 5% 5% 5% 8% 1977 J-3 1947 - MS 15% 15% J-3 ,1952 15% 7s_.„1957 16% 60 12 18'% 27 27 16 20 % 34 "l 31 A-O *6% 7% J-D 1954 1943 32 % 32% 19% % 6¥2S~.___.. s 3-J *5 ; 1% 3-J 12 to f s sink ref 12 *4% J-3 *0 2,125'/t "5%." 4% 1% 67 5% . 4>%s_„,._, 31 ,1970 J-D . 26% 85% 75 97% 82 68% 94'% 80% 80% 67% 66% 9« 79% 79% 73 69 M-N *84% 102 80% 75% 101% *31 35 M-S Con J-D 32 ." 15% 16 ¥» 54 14'% 17% 5% 1% *7 *6% A-O A-O 27 14% 7 __1947 21% 17 14% 17% 4VaS assented *15 16 *6% 3-D 7% *6% 5 3% 7 7 I :j- j 33 *25 30 *23 % 27 23 A-0 *35 A-0 *26% F-A ' - ~ . 32% 33% 7 19 Stamped pursuant to Plan A 2%), 2012 to Plan A 37 22% 22 % 23 % 40 40 40 1968 Stamped pursuant to. Plan A (Int reduced to 2%) 2012 external loan of reduced to Plan A to 2.25%) 2.25%) 1952 Paulo to Plan to 2%) reduced —2012 reduced to water (Int '• s f A-O , . 7s 24 % M-N 24% *36 M-N * M-N M-N 28 % *23% 3-J ,,1956 . j A7s series | ASilesia 3.. AdVas B sec (Prov of) assented extl 27 fgydney County Council 3 ¥26 5'/a 5 6 3% 34 32 22'% 27 27 24% 18 31 41 33 y8 35 25 28'/a 29 31 22 27 29 — 40 46 26 3% 38 34 3-J 26% *32 84¥1 51 79% 1st mtge 57c 91 % 76 ¥4 77 27 70'% 81 86 76'% 86 -94 94 ser A 3-J cont int),,1980 A-0 *30% 1940 A-0 ser .,1985 D 3-J 94 1951 4s 3-J 1951 ref M 35% 10 40% 3-J 94 Va 79% 79 % 79% M-N 6% 6'/a —1962 M-N 6 6% 5% *6% *86 883a 94 vb 88'% 99% 98 % 1st Maine 3-J 1970 I— ser . 98 98% 100'% 123 119 97% 93 , M-N 48 99% 96 96'% 100 100 RR— 1967 M-S *82 91'% 88 1955 series AC mtge 5s — " mtge 5s series II 1st mtge 4%s series JJ M-N 101 101'% 101 A-O *83% .1961 1st mtge 4s , 94 % *100 *97% 2%s mtge & .1960 series RR..,,— Alnc mtge 4V2s ser A—:—July 1970 Bristol-Myers Co 3s Debs—;——U..1968 .1950 Bklyn Union El 1st gold 5s,— 82 16 55% M-N 56 25 72'/2 86% '/ 50 60% 27 19 F-A' F-A ; 7s. Co *102 A-O II : 102 103 102 *100 102 ' i Bklyn Union Gas 4s debentures.,..1969 Gen mtge 2%'s.:.,.— Rochester & .1957 ,1952 ^ 93 Ve 85%. 31 60 61 49 101 Bldgs 5s M-N A-O 1 J-J 1955 5's Terminal 99 92 98¥B 87 93 101 25 98 M-N 95 ¥2 100 Pgh Ry—4'/2s— 4s___ modified 1st *85% 3-J Niagara El 1st mtge 2%s. ,1975 Terminal P8¥8 M-S .1976 Buffalo - 102'% 89% 81% 82 3-J .1954 ABteda'(Ernesto) Elec *92% 105 A-O gtd__— ,1960 68% 59 100'% 102 88 ¥a 93'% 96 107 105 105 National 98% 103 ¥2 99'% 102% J-D M-N *99% A-O 104 J-3 113% 113% 5 A-O 107v4 107'% 20 F-A 107% 107% 1 112% 11234 1 110% 113 ¥2 111% Hl'4 2 110% 112% 106% 10634 1 106 94 3;. 59 107% 107% 10 107 58'% 71 ¥2 30 100'% 103 ¥4 gtd 5s A cons *99 ¥2 100 —1976 —1974 1st 3s Power Power 3%Sv Southern Canada 1962 . __ 100% 104% 110 111'% 114'% 107 109% 107% 109% Ry— gold 4'%s gold 5s_. gold 5s — 1957 .Oct 1969 1—1970 - gold J-D Guaranteed gold F-A 4%s 1955 4'%s 1956 Guaranteed gold 4%s_ 1951 Can Pac Ry 4 7c deb stk perpetual 94 J-J 1965 4s nr M-S ■M-S 1981 & Ohio Clinchfield Carthage J-D 93% 107 ¥2 97'% 82% 108'% 1st Adirondack. Ry— & mtge gtd 4s Corp 3s debs,— Celotex Corp 3%s debs —1965 1960 1 F-A Central (1947 issue);—, 6 12 7 102 Vz *101 '/i *70 r-J 99 . 101'% 101 lOO'/a — 85 — 36 80'% 75 64 of Georgia Ry— 1st mtge 4s ser A_„——,—1995 J- J Gen May 70 70 70 May 51 % 51¥2 54% mtge 4%s ser A—,._Jan 12020 4 Vis ser B——Jan 1 2020 Central Illinois Light 64 6.4% 1 29 . 71*% 66 78'% 48'% 60% Central Pacific 67 79% 85 90% 64'% 64'% g5 .——.— 37 37'% 85'% 132 35% 85% 42 32 ¥2 Q-J 100% 100% "3 97'% 101% 10142 20 1013*, F-A ,1968 F-A Champion Paper & Fibre deb 3s—1965 Chesapeake & Ohio Ry— 3-J' *98% 100 M-S 119 ¥2 119'% mtge R , & Power 1st ref 101% 73 % 69'% 32 ,1974 (4'/4% 1st 103 103% series A to Aug 1 3%s Ref & Impt Ref & impt 9% 3-J F-A 8% 13% .1987 gtd gold 4s .1949 General 7 76 75'% A-O York 8 5 73 72'% 3s—__ .1974 35% 90 73 73 ¥2 107% 107 __ 3-J Q-J .1987 —.———— registered 41 *107 A-O .1987 gold 5s.—_. 1987 registered AGeneral 4s New 25% 1966 3'/2s N J gen A5s Central 3% 74'% 10T *101'% ■ F-A J-D debs 34 4% *67 102% A-O —.I960 3'/4S 26 83'% A-0 *7% ' 98% 32 — *87 1978 : 98 ¥4 1st & ref 2012 J-3 83'% i 39 A 1957 . 94 v2 fACentral of *29'/a J-D 83?a *80 ¥2 M-N 1980 § ACent Branch U P 1st gold 4s—1948 29% 36'% 26% 3-J J-D 137 119% 119% A 4s 1958 52 % 38 M-S .,,1958 72 50 76% May Guaranteed 27 22'% 1962 7s 78'% 4 Extension Gen mtge 2004 ; „ 67'% 4 71% 50% 3-D .—due Dec 1 1995 income,—..^.Feb 12010 Guaranteed 40 *34% ,1968 extl,. 70 67c (2%% fixed contingent interest)— 31 A 2.25%) external 70 ¥2 57 29'% (Kingdom)— secured 70% 57% 4L Guaranteed 30 *30 Stamped pursuant to Plan A A8s 5 8 ¥2 98 63'/4 24% 21 J-3 (Int reduced to 3.5%) 8ert>s Croats & Slovenes 41 63 27 35 to Plan A . 64% 60% Celanese 2.5%)——,1999 Stamped pursuant to Plan (Int reduced to 2%) g ASecured 9 J-3 A6s extl dollar loan .} 29% *23% 3-J to 61% €1 • *93 ¥4 Carolina 1999 2.5% loan reduced 41% to Plan A Stamped pursuant to Plan i 27 j-D 1,1936 8s to Stamped pursuant extl 34% A A8s external (Int 5 *32 1950 (State) Stamped pursuant 61% 27% A (Int reduced to 2.375%)— ,2001 A6%s extl secured s i —1957 reduced ! '. 1952 ASao Stamped pursuant *21% J-D 2004 98 - 33'% 18 * 2004 94 86 28 26'% A ARome to Plan *30 M-N , 1967 stmp pursuant to Plan (Int reduced to (City of) 6 Vis Paulo (City) 8s Stamped pursuant 29 %> J-D 1966 82 4 60% Guaranteed 1926._ Stamped pursuant 29% J-D . 54 61 Calif Oregon A-0 86 94 % MS Steel Corp— California 1999 86 A-O Canadian reduced to 2.5%), external sink fund gold 85^4 94 A-O M-N Bush * (Int 56 ¥2 MS Consolidated 23'% - A-0 .. 100 'a A-O Bush 27 Rio Stamped pursuant ■ Buffalo 27 * 33 — F-A Grande do Sul (State of)— ' §A8s extl loan of 1921, —1946 97'% ; 3-D 4s— Stamped Stamped pursuant to Plan A (Int reduced to 2.375%),—2001 AExternal sec 6¥2s 1953 Va 9 33'% 23 J-3 9 ¥2 13 6'% *33 A (Int reduced to 2.375%),, 2001 7'%s 1966 stmp pursuant to Plan A (Int reduced to 2.25%)___ 2006 gARio de Janeiro (City of) 8s 1946 17 8% 7% 3-J 1961 (City of) 8s_ Stamped pursuant to Plan 40*2 14 99% 100 100 A-O —..due Dec 11995 1st . J-3 1963 APorto Alegre 15% 3'/2s_„. 1951 1st 8 A-O 1950 25 11 due Mar 1 2000 & Creek Btmbn 37 A-0 gold 8s 18 38% fixed stamped Cons 16% A-O — to 106 19% .,,1968 A4'%s assented AExternal sink fund July 1975 <4% fxd & 1%'i Bethlehem „ ,1958 15% 51% 36 ¥4 1 Telephone of Pa 5s scries C__ 1960 Bell 15% „_1940 . 106'% 50% ; 51% J-3 Beneficial Indus Loan 2%s debs.,^ 1961 *15% 15% 105'% 98'a 3-J 1966 series A 4s ref 4s *22% - 103'% 3-J Mfm mtge 2%s ser J__.,_L— 1976 'M-S 11 12 103 Bangor & Aroostook RR— ' 2d ser__,_1961 f 6s 30 A 7s ,1959 f 6s 1st ser—,1960 reduced 83 *102 MS 104 104% 102% 103 : B J_ 1st lien 95 ,1947 .....—1964 Toledo Cincinnati division 95 *76% .MS 101 104 102 M-N M-S J-D G— conv (3 % 7o 93 3-D 2.125%)—2008 1963 4s_.„.July 1952 A— ser S'western div 92 80 —1963 1967 115 102 123 93'% 78 80 .A-O 123'% 106% lll'/4 112% cons K— Series Ref 78 ; 115% 121 % 112% gen mtge A4%s 96 82 80% 62 38 121% Pgh Lake Erie & West Va— 22% 82 .A-0 ,1955 33 89'% A-O ; f-a 26 29 85 % ,1963 19% 95% 85 % • 82 100 M—due Mar 11996 and 3%% *22% MS ,1957 32 *90 M-N ' 5 • 103'% 77 95 M-N 4%s ser A 5% Series 30 24 - 100'% 1 94% A-0 1st 4s.„ 1943 mortgage 4s—1943 Series , M-S external s & , 24 32 80 80 Air Line Ry—- and 3 7c contingent interest)— 14 ;*'■ 30% *31%; 101% 102% 102 % Santa Fe—• contingent int)__JuJy 1975 gen mtge 57c ,<2% fixed Ref, & M-S 101 A-O ..,1995 1st 49 101% Q-J. 4s——.—July 11995 unified 102% A-O _.._1966 99 % 116% 106 102 97'% % 378 102 109 91% 94 % 109% 110'% 109% A-O gold 4s.—,—July 1995 Topeka & mtge Ref ;'.v ~7% 13 *31 M-S ,1965 3*%s series B s 1st 90% *94 3-D arid 1% Beech to debentures.—, mortgage 3%s_„ 1st ... 9% ,,1994 g A Poland (Rep of) gold 6s, A 4 Vas assented g A Stabilization loan s f 7s A7s conv 1st mtge 4s 7'% 13 18 *9% *24 MS 1959 extl loan._,.„_. (Rep of) (Int 90'% Baltimore & Ohio RR— 8'% r. 12% 5% A-O 2008 6'%s fund ANat loan extl ANat loan extl JASan 101% 19 Sr A Second *11 3-J to reduced (Int 198 92 90% b 15% 7 Plan A gAPernambuco (State of) 7s_ Stamped pursuant to Plan (Int 103% 104 103% A-O J-D 18 10'% *6 3-J 1958 to AStaftiped assented 5s,_„. Stamp mod 3'%s ext to 7s 3-D —.—1987 ¥4 7'% 13% 1 A 7s 1961 debentures. g A Atlantic & Danville Ry , Panama. (Republic)— A6s 93% ..Series s f external,,..,,,,, Municipal Bank extl s f 5s„. Oslo (City) sink fund 4'%s (Int 98'% 85% 9% 5'% HI 3-D ,,,1952 6'%s f reduced sink fund A 92'% 21 debentures..,,—,1982 (State)-— 3 Vis • 72 88% Geneial 37 9 Q-J Q-J 2.125% ),, ,2008 Netherlands (Kingdom) 3%„__ ,1957 Norway (Kingdom of) 4%s -1956 APeru 93 % 87 Atlantic Coast 9% 5 *6 3-J reduced (Int 92% 87 Atlantic Refining 2%s debs,.. M-N Nov, 5, 1942, agree-1963 external sec 92 % 3-J debentures.^ 1st 27 27% *25% J-D Stamped pursuant to Plan Ext 97 A-O 1986 Stamped 31 103% 86'% debentures.^,——,„.„.1975 General 4s— V 22 " 1 Stamped pursuant External 12 22 15% J-3 1951 GMas,,,. 26 78% . debentures,., Atlanta & Charlotte to 3%__.__.1977 ; 15% *25% *' 67 1 90% A P W Products Co 5s_— 23% 15 80 Ann Arbor 103 13% 68 19 Atchison 6s of 1913 assent„__1933 A Sec external (Int 30 99 67 55 1957 Amer Tobacco Co deb 3s—1962 3s debentures,,—,.1969 78 96'% 17% 16% 3-J to 50 *100% J-3 5, 1942, agree-1963 (City of) (Int *51% M-N 1977 93% 94% 841/4 ^„_,„..„.^__1980 2%s 10'% for 7s„_,: Nov. Mir.as Geraes A Sec 7 A-O 5s,_——I960 f s 7 F-A ,,1968 80 Telephone & Telegraph Co— debentures— 2%s Nov. 5, to gATreasury 4s 101 100 % 97 2 98% • 91% American 2%s 1942, agree_l963 ing 4s of 1904,_,__„ 1954 AAss'td » *101% 107% 98 *80 M-S 1966 104% 103% 5 105 100% 100% 100% A-0 28 100 % __ 105 90% conv M-S 9% debs.— 3s 105 19% — *103% J-3 83% 2%s ,_,_._1949 48 *23% M-N 190? 84 2%s AAss'td to Nov. 5, 1942, agree, 19G8 § A Assenting 4s of 1910,, ,,,1945 * A-O ——1952 3'As 3%s 1972 RR 4%s._1975 mtge COMPANIES INDUSTRIAL 90% 2%s Ass'td to Nov 5, 1942, agree_1968 (US) extl 5s of 1899 £,,1945 g A Assenting 5s of 1899,, ,1945 A Assent 7s AND MS 10'% assented to 7 ,f F-A 45 (Colombia) AAss'td 5 Foreign Pow deb 5s_—_„2030 10 Irrigation—■ ' & Airlines 38 gAMexico , 82 *45 AJugoslavia (State Mtge Bk) * 90 54% 3-J (Kingdom of) JA4»/2S 6 J-D 59 46 J-3 -Credit Institute 1 7c -AExternal 7s Mexican *5% A-0 95 12 64 of) ,. AMedellin F-A Albany & Susquehanna Alleghany & Western 1st gtd 4s__1998 Allis-Chalmers Mfg"2s debs,.—1956 68 74% 2%s Credit Consortium Altaly U 1958 1st Amer Public Works 1% to 37c 4 A7s series B.%_— Italian Public Utility— , - 7 Southern 55 State extl (Republic) 14 Great 69% Helsingfors (City) ext 6'%s_,___.„,_1960 Irish *6 % Power 44% paid paid,,, F-A Alabama 84% *5% 99" 27'% *24*8 70 35 58 7s„_.—,,1967 92 70 24'% *70 A-O 111% *55 7s, 80 3-J 1952 assented *68% extl 82'% 1984 readjustment Provinces 7s__._— RAILROAD Government— A7s extl J-3 (Republic Republic 85% 83% 82^4 * 74 *77% F-A 86'% 73'% 81% M-N J-3 - 121 73 44 79 1958 3%s — __..Jan 1, 1976 _„_,Jan 1, 1976 $ 78 J-D —._„._Jan 1, 1976 f s f s 122 118 74 62% *110 .,,.1979 4.41/4.41/28 extl readjustment ......1978 101 % 62% F-A A-O High 126 121 " ..,,1978 American —.1955 4V8S,~.T-*--~v---«1962 Low 117 conversion A Venetian 18 84 5%s._-.. gold (Republic of} 52 January 1' 124 — %-4/gS extl conv 3%-4 102 li 105 *40 J-J • gold External extl 6s Alabama A-0 , External 3 Vis fund sink External 44 107'% *106 High 33^.4.41/86 External A Adriatic Electric Co assented (int reduced 6(4) extended to 1960 5 A Denmark 20-year extl 6s,_,__.1942 to 4s M-N AExternal 43 99% 108% 108% J-J M-N 75 45 102% 099 108 % .,.,1964 ($ bond of 193 () — readjustment.— .,,,1979 Range Since Sold No. *110 36 41 71% *102li M-N 41% 65 % 13 ...i960 UCiAl^l Itai 41 69% 65 % Bonds Friday's *110 69'/a ,, M-S 1953 29 or Bid & Asked F-A 73% 'Stamped 3s Sale Price Low " Salvador Last Period New York Stdek- Exchange High 69 - M-N C——1949 * Sinking fund 5'%S-„.—,— Czechoslovakia (State)— El Interest BONDS A January 1 1 37 *41%, *41 % Week's Range Friday Bonds 69% 36% M-N 1914_,,_1949- series 4%s external debt 36 '% F-A 1951 : 69 Vh *69 A-O External " High 69'/« J-3 bonds—,—.,1970 Bank 6V2S—..,1947 I ASinking fund 7s of 1926„_„_.-1946 f ASinking fund 7s of 1927, 1947 Copenhagen (City) 5s_„—...—1952 26-year gold 4¥2S_._—_ _1953 Cuba M 1946 5 A Colombia Mtge ACosta NOVEMBER (Republic of)— A6s of 1927 3s Monday, November 29, 1948 record bond WEEK ENDED FOR chronicle financial Week's Range Interest New York Stock Exchange & ser 1949) B_„— gold 4¥2s A Div 1992 M 3V'2s series D____1996 M 3'/2s series E 1996 cons gold 4s—1589 1st <*old • 4s ; _,19R9 M-N F-A J-3 i-i 99 99 14 *103'%'104'% 94 96 ¥2 101% 96 2 119'% 102 104'% 100Is 130'% 98 71 94 104% 95 98 31 95 106 114 114 1 114 117'% 109¥a 110 ¥2 94 110% : Volume Number 4755 168 THE COMMERCIAL & NEW YORK range Friday BONDS New York Stock Week's Interest Last Period Sale Price Exchange 1st & 1st & 1st <fe series 4 Vis B & AGen 111 Eastern 1977 inc 110 Last Period Sale Price Exchange or High Friday's Bonds High Range Since Sold January i No. Bid & Asked Low 108 Low High 110% 110% F-A *97% 98 Vi *95 96 10 112 109 Vi 5 F-A 112 Firestone Tire 100% tFlorida East Coast 93 91 -- 99 A J-J 1985 Af-N 1982 Af-N 1988 J-J 85 84% 85% 24 79 Jan 1 2038 J-J 75 75 76 14 55% 61 62 7 54% 50 51 37 39% * 55% 102% M-S M-S M-N of ' 103 Af-N J-D deposit—— Francisco Sugar coll trust 6s 1956 67 J-J 1959 4Vis— 103 Vi 10 102 104 5 100 102% 102% 102% 56'/a 19 58 50% 66 55% 62 80 J-J _1961 debs 3s 1st 1st & ref 5s series A_i ACertificates 1997 mtge 4%S-_x & Rub 1974 RR— Chicago & Erie 1st gold 5s Chicago Gt West 1st 4s series A A Gen 110 F-A B__! ser J-J _1985 inc conv 5s nuge mtge 334S Low New York Stock Week's Range Interest BONDS January 1 No. High :.__1970 ref mtge 3%S— ref mtge 2%s : Chicago 1st 1958 ref November Range Sine* Sold 21 BOND RECORD week ended Quincy RR— General 4s - (2247) Friday Bonds Bid & Asked Low Chicago Burlington & CHRONICLE Range Friday's or for FINANCIAL 42 V; 42% 45% 32 74 V 74% 3 2 118 120 Up 34 51% 71% 80 111 — 104 % 104'/a 102% 105 120% 90% > Chicago Ind & Louisville Ry— A 1st mtge 4s inc ser A A2d mtge 4 Vis inc ser A Jan 1983 Jan 2003 Chicago Indiana' & Southern 4s Chic Milw 1st Paul St Pac & mtge 4s ser A Gen mtge 4 Vis conv ,-.1994 A._Jan 1 2019 Apr Jan 1 2044 ser Apr Chicago & North Western Ry— 2nd mtge conv inc 4 Vis Jan 1 1999 1st mtge 3s B ser 1st mtge 4s AGen 100 ser 1951 106% Chicago 1st 1st 1st West'n Cine & Gas & Elec 1st 45 89 106 % 106% 90% 8 101% 22 91 General General 100 1 1st mortgage 274s 86 99'A 98% 99% 4 97% 101 series 4Vis 1952 1962 J-J 102 91 74 2000 J-J mtge 2%s P 1982 mtge 2%s-ser 2010 J-J 2'As 1961 J-J 80 102% Gulf 103 % 99% 102 Vs 104 V4 8 102 Vi 1043/4 105 Vi 6 102 993i 98 Vi 96% J-J F-A 108 Vi 108 % 106% 1974 F-A 97 Vi 96 Vi 1966 J-D *91 95 City Investing Cleve Cin Co 4s debs & St Louis Chic General gold General 5s Ref <fc Cin Wab St _ J-D "80 81 & R_^_ deb ctfs B Ohio 4s ref 3%s 1993 ____ series B 1993 impt 4 Vis series E_ Mich & Louis Cleveland Div Div 1st Ilium Il959 B 1st Terminals 1st Jan 2044 _ Util 1st _1968 ._ M 2%s 1976 mortgage 3s 1st 4lis & 3 Vis Southern Gas & Sou Hudson Coal 1st s f 5s series A___1962 Hudson Co Gas 1st gold 5s___„ 1949 Hudson & Manhattan 1st 5s A _1957 97 1 84% 103Vi 104-% Illinois 101% 101% *101% A-O *100'A 102 103 Vi — 95 — 101% 1st 104 108% 100% 107% ._1977 A-O 101% 102 26 96% 104% mtge 3s *102 t Conn River Pwr *102 gold 1st Af-N Consolidated 3Vis 1970 M-S gold 3s Collateral F-A ' 1978 Collateral Refunding 108 % Debenture 107 Cairo ref 4'/is 1951 J-J *104% 1961 F-A *105 1965 A-O 3Vis 1st & ref series 3s Consolidated Gas Consumers Power Continental 1st Baking Crucible Steel § A Cuba Northern 95 ' — 101% A-O 95 95 8 92% 96% J-D .1975 debs_ 3 Vis— 1965 _1966 % 1942 227 17% 29% 95% 94% "100% 102% 100% j-j *103% 102 j-j A-O *101'A „__1951 Af-S 1952 A-O *100% gold 4s__— j.——1955 3%s 100 J-D "503i 1027% J-D 1951 j-j 104 Vi *103% *100 1st gold 3s Div 1st gold 3s— 1951 — Western Div 1st gold 3%s_„_1951 HI Cent Lines, 1st gold 4s__ j__ Chic St and Joint 1st 1st & 1st ref Illinois 101% ref Indiana 111 ref *100% 103 101 106% 101% 5 .105% 106 »i 6 84 84% 4Vis Iowa 100 j-j 101 % 100 3 97 101 1 101% 101 % * 103 95% 101 104% 99% 101% 101% 104'A 98% 104Vi 100 97 101% — f-a *102% 103 102 *101 101 93 __1963 C . 93 94% 38 101 88% ■8 A Deposit receipts RR 1st 5s _ __ , gold 1952 8 A Deposit receipts §A7Vis series A deposit 85% j-d 81 81 81 77 88% j-j *99 101 95 101% gold 4s__^_1950 1st j-J 101 101 100 A 97% 101 Vi 102 94% Ref & Imp 2 %« ser C—— international Great Northern 48 55% 85 Vi 6 86 Vi 20 81% 102 Indianapolis Union Ry Co— 96 ^lfet series bs rets 37% 42% A 83 5 80% 84 A 1st 33 33 J-J 33 4 31% 363/8 A_ i 1986 85% 85% 72% 74% 48 52% 92 20 76 43% 17 48% 71% J-D 90 RR— —1952 A 1st 33% 37% 37 40 1946 *34% 35 1946 J-D *33 35 1975 A-O "96% 97% 1978 J-J 1965 §A6s series B deposit receipts J-D 93% j-d ;_1963 ser 88 82 Vi *38% J-D J-J 100 Vi „_1970 4s J-J ' ACuba 108% 89% 77 103% — *100 100 j-d 1963 D ser Ry 102 f-a —1951 A series mtge 4s 84'/a 102% N O— & series 5s Terminal & L — 52 U- 102'% 95 1950 2 37 99% 91 105% 98% Bridge gold 4s 100% -loo 99% *89% 103% 98 f-a 110% 100 70 99% 1966 Div 102 100 % 6 4%s. 5s 100% 100'% 9 M-N , 103% — 102% 102'% 1955 gold 4s 102% 104 M-N trust 100 __ *35 102% M-N 1953 103% 95% __ M-N . — *101 % 1951 : j-j 106 372 107% 107% M-S 24 1952 100% 5 96% 96% *101 Vi 102 J-J 21 % j-d Registered 99 A-O 68 24 95% ' j-j 94 2%s____1968 57% j-j Springfield 1 107% 160 1978 107% 95% J-D 61 1981 . 104% 1972 1st 5 Vis Ry A-O j-j 1977 mtge 2%s 3s 1st mtge Feb 1957 104% 105% 101 M-N 96% 105% 58% f-a 95% 1963 98 88 103 — 60 'A j-j Af-S ,_1972 96% 127% 94 32 *102} ■; F-A St Louis Div &. Term gold 3s____1951 Gold 3%s 1951 1982 D Natural 93% 93% M-N Omaha York— debentures conv 93% J-D 104% It . 3s 93 117 55 94% 1 104% J-D New 94% __ —— Louisville Div & Term gold 3%s_1953 N of Af-S 95 sterling lines 103% 101 10 102% 102% F-A Corp 97 % *101 1951 Purchased 102% 101 *99% 106% 1977 Edison 93 119 4s— 58% Co— 1st & ref mtge 23As ser A___ 1st rel' mtge 2%s ser B_, 1st & ref mtge 2'Vis ser C__ 97 "7 1951 trust 104 *104% 106 1955 L__ Cigar Consolidated 97 94 94 1-.-. 95 3 %s 106% 102% f 3%s A s 56 Vi *117 Extended 1st gold 3Vis 44% 5 102% A-O series 43 *94 J-J 66% 59'A J-J 4s— 98% 46% 46'A M-S 1st mtge 3s series Conn Ry & L 1st & 80 100 2%s__+,r_1970 Telep 2%s series A gold 1st 6 22 Bell Litchfield 1st 58 58 68% 92% 70 106% 107% 1971 Commonwealth Edison 101% 93 75 J-J 1st mtge 3s series B Illinois Central RR— F-A 50 % 107 % 107% debs 97% 99% 106 83 Refunding 3 Vis 102% 92 102% *__ 46% 100% __1999 ___ 6 Af-N El income 5s 8 J-D 101% 11% 102 77% 89 1980 Ohio AAdj 99% 67% Finance mtge 2%s__1976 64 1st extl 4s Toledo 82 1st 64 1973 & Corp Ry— & Elec Columbus Household A-O debentures Columbus 93 A-O (Stamped modified Columbia 1st 4Vis _1973 mtge 4 Vis series C____; Colorado 74 6% 97 Vi A-O Hackensack Water ;,-*1972 series B 95% ~9 0 Apr Hocking Valley Ry Co— mtge 5Vis series A 1st mtge 5s 102 82 63 ' States 89 1961 gtd 4Vis 70 2 92% 91% 16 95 *8% A-O 109 97 — J-J 103 Vi 76% % J-J 1969 _ B_ ser 103Vi105 M-N 74 95 98 82% 10 99 Vi 88 85 87% *74 J-J July 2015 __ D 69% 1950 Cleve Short Line 1st J-J 90 85 A-O 1975 A. seris 67% 1982 ___ Cleveland Union *99 Vi 67% 1970 mortgage 3s__; Cleveland & Pittsburgh RR— gtd J-D 1991 4s 3s 1st Series D 3 Vis . 16 Feb 101% 82 91% J-J coll trust 4s___1990 1st Electric J-D 1977 90 H 4 Ry— 4s 117% 88'/4 88% Feb _ ser inc 4s J-J RR—* series inc 5s • A_ Collateral trust 33As Gulf 1063/4 78 97 V 123% 110 100 Vi 91 1961 Q ser ctl's 1990 _ '99 1969 ser West & ref mtge Gen mtge 105% 4 & 1st 106Vi 104 A-O _1978 101 % '100 104 & Mobile Gen 17 102% 104 112 116 4 95 Bay N ser Greyhound Corp 3s debs . 109% 2 116 76% mtge 8 119 J-J ADebentures 101 76 0_^ 3%s Cincinnati Union Terminal— mtge gtd 3%s series E 1st mtge 2:%s ser G City Ice & Fuel 2%s debs_ — 109% 110 119 116 *83 % — 116 mtge 3'As-ser A Green 105 74% M-S 1975 1st 109% J-J 1976 D J-J 1973 B series Gen 94 76 76 J-J _ 81% Gen 107% 100 "l 101'% 101% J-J 4s___1952 mtge 2%s_ 3 Gen 94 100 *101 „ J-J D 85 mtge 1st 1963 conv 5Vis General 5s series C 70% 71% 102'A 102 % J-J ___1963 ser G Indiana 4 Vis series ref 91 85 Co— Station— mtge 27/eS & 58 J-J 1994 mtge 3 %s series F_____ Chic 240 103 103 85 Af-N 1st mtge 2%s_1965 Ry— 2%-4%s 2%-4'As Union 61% Co Ry 61% 90% J-D 1994 Terre Haute & S'easiern (B F) 75 53 90V8 — J-D Memphis Div 1st gold 4s M 65% 81 *101 — M-S Gen J-J _1951 ^ _______ ref 4 54% 5 9'A J-D & Goodrich 67 'A — ' " Great Northern 32 J-D ' 1969 __ _ Gen 1994 Chicago St L & New Orleans 5s___1951 1st 106 53 59 Vi Apr Income A4s conv. inc debs 93 99% 100% 67 53% J-J A_Jan 2019 Chic 88% Gas & Elec of Berg Co cons 5s .1949 General Realty & Utilities Corp— & Pacific Ry— series mtge conv 4V2S Gold 3ViS 98 % 100 _ Apr 1989 Chicago Rock Island *93% J-J B ser J-J RR— _ 4%s inc inc - 1956 J-D 34% __ Adjustment 5s series 6s series A. B Int Rys Cent Amer A-O 24 24 25 ,_1956 J-J 67 67 68 1956 J-J 66 68 79 50 66% 66% 26 60 1 99 July 1952 — gold 5s series C_— §AInternat Hydro-Elec deb 6s ___1944 1st 5s B_ ~-P A-O 66% M-N •p.- Jamestown Frankl & Clear 1st 4s—1959 J-D 72% Jersey 1976 Af-S gold 4s_ _1990 City Power & Light 2%s -1976 a-o 1972 102 % 102 71% 67% 102 D Dayton Pr & Lt 1st 1st ; mortgage 3s Union Dayton Deere & mtge 2%s 3 Vis ser Ry Delaware & Hudson Delaware N Y Lack & AIncome Morris Denver 95'/a 101% 101% 95% 99% 37 96 89 1973 *_._ Af-N 80% 86% 88'/a 1993 Af-N 62% 62'/a 63 36 54 68 Af-N 66 66 67 22 54% 68% Z & 3s _1973 A-O 3%s__ 1977 & Rio Grande West 101 101 10 100% 103 RR— mtge ser A (3% fixed contingent int)__, „ AIncome mtge ser A (4%% contingent int) Denver Income lVr Detroit (3% mtge & ref & ref Detroit series 1970 103 J-D 1995 J-D __1995 J-D lien gold 4s 1961 4Vis RR 2%s B__1976 ser debs 2.35s 102 "96 Vi M-S f J-D 104 3i "71% 103% 51% 21 65% 93 70% SADul So Shore & Atl gold 5s__i_1937 ____„1977 66% 82% 107% 100% 95% 104% 105'/a 3 68% 76 58% 71 97 Vi 98% F-A 83 95% 983A 1st City Southern mtge 4s -1978 — 94 94 1st 3%s series B Kansas City Terminal Ry 2%s Kentucky Central gold 4S 101% 101% 101% 9 101% a-o 101 100% 1017% 43 96% J-D 3 97% _1974 99% 99% *98% a-o J-J 1961 —" 99% J-J *45 J-J J-J -1959 Af-S Laclede Gas Light 4Vis conv debs—1963 Lakei'ront Dock & RR Terminal— Af-S Ed El 111 1995 J-J (NY( 1st cons gold 5s 76 74% 96 81 91 % 106% 86 97% 2 96 98% 47% 3 38 49% 98% 98% 22 96% 100% "Elgin Joliet & Eastern Ry 3%s El Paso & S'western stamped Erie 1970 __ a-o a-o _ Railroad Co— Gen mtge inc 4 Vis ser A___ Jan 2015 1st cons mtge 3%s ser E 1st cons mtge 3'As ser 1st 1st cons mtge 3Vis ser mfge 2s ser H Div 1st mtge 3'As _ Ohio For footnotes see page _ _ J-J ; 1st Lake mtge s 1' 3%s 7% Sh & Mich Sou 3Vis registered Lautaro Alst Nitrate mtge 106 105 gold 3%s__—1997 J-D 94 Vi 1997 J-D *88 Vi ;—; Co -of *94% 102 M-S 112% 156'/a income reg 1% 90'/a 91% 7 *94'% 96% — F-A 100 f-A *95% 1974 f-A 1954 f-A stamped Lehigh Vai Harbor Term gtd 5s Lehigh Valley Ry Co NY 4%s ext_1950 Valley RR— 4s stamped modified -2003 100 105% 64 73% — 93 95 4Vis stamped modified 4Vis registered 5s a 81 86% 81 Vi 81 % 4 78 86% 99'A 95% 96% 100 — 29 ■cr 100 111% 88% 98 82% Dec 1964 2 84 "2 6 93 A-O 1954 06 84 Vi 94% 102 90 81% 92 90 98% 95 100% Co— 105% ^ 43 1975 stamped 5s 106% 1970 stamped 106% 10 *95 Vi 84% M-S 1971 69% 68'A % Ltd— Lehigh Coal & Navigation Co— S F mtge 3 Vis ser A 100 96 2 84 • 96 82% 95 92'A J-J 66'A 67 V'a 17 60 71% 68 67% 92% 2 69 8 67 75 62 27 39% 26% 38% Lehigh 4s CO 103'A J-D A 102 103% • 98 176 99 % 4 7%. 1963 ser 101% . 102% 103 103 J-J _1953 148 102 102 A-O 2000 G__ _ 1964 1990 _ — cons j-j 2 *104 Af-S 1965 1st 5s 110 141 111% 111% *142 97 169 5s M-N 100'/a 112'/a 20 100Vi 101 5s 1956 50 97 *97 a-o 114% 112% a-o -1964 100% 44 50 *108 J-J 99% 97 *100'% .1997 — 103 104% 109 *108 -1961 unguaranteed Kings County El L & P 6s_ Koppers Co 1st mtge 3s. jAKreuger & Toll 5s ctfs—— Lehigh Valley Coal East Tenn Va & Ga Div 1st 5s 100 a-o z. -1961 4%s 100% 1950 -1987 —- — 98 94 S9% __ -1968 3s 1st mtge Stamped *99% 97% *97 Vi J-D 1975 Ry A_ ser J-D 104 Vi 45% - 72 Vi 2 98 % 487 103 13 96'% 110% 42 97% J-J 2%s_ 6 3 80 103% 103:', "84 M-S r J-J Duquesne Light-Co mortgage 2%s Plain 104 Vi 104% 76 Af-N 1961 Dow 80 4 . 108% 108% 1958 & Tunnel Term 79 M-S 1982 I_ gold 4s Chemical 79 J-J 1966 wL__ Det Tol & Ironton + 1993 H series 2%s & Mack 1st A Second Detroit 3s debs conv 64 Apr 86% fixed contingent int)____ 3%s series G Gen 86% J-J — Edison Gen 3s _1993 ——______2018 Salt Lake & 1st 1st gtd Kentucky & Indiana Term 4%s— -1961 1st l'c 73% 96% K Kansas Kansas J-D Light tr 2%s Lt & 97 May 1 2042 coll Pow Kanawha & Mich C_„ ser Central 102 Co— 4-Gs Power M-N 72'% 103% 12 division Essex mtge & 1963 103% 101 Vi A-O 99% 103% div mtge due & Delaware 1st 5s Tr Coll RR Western M ref _1965 4s extended West & Lack- & 1st B 2%s debs— Co 95% 103% "100 registered stamped modified Af-N 2003 Af-N 2003 2003 Af-N 36% Af-N 2003 Lehigh Valley Terminal Ry ext 5s_1951 Lexington & Eastern Ry 1st 5s 1965 Liggett & Myers Tobacco 5S 1951- Af-N A-O 36 *33 Vi 40% 40% *35% 43 70 Vi A-O *120 A-O 108 37% 37 41% 45 43 Vi 71 23 2 42% 40 36% 67 47 78 120 122 3A 108 30 293A 50 1 121% 107% 111% U (2248) THE COMMERCIAL & FINANCIAL CHRONICLE Monday, November 29,-1948 NEW YORK BOND RECORD RANGE Friday BONDS 1 Interest New York Stock Exchange 1962 Lombard Electric 7s series Long Island unified 4s Guaranteed ref gold 4s 4s stamped Lorillard (P) Co deb 5s A 1949 ref MS A-O 88% 2003 A-O 76 y4 2%s series G 3%s fic-r H__ M MS 4s_„__. 1955 Jf-N Cons 1954 J-D Prior A 5s 4s lien Cum series series 4%s adjust 5s A ref 5s series ref 5s gold 5 Vis A 1st & ref A J 1st & ref 5s gold 5s A H 3s ser A 1st 4 Vis series ; 5J/2S Jf-S ACertificates New York Cons Ref & Ref & series 4s 5s N Y mtge 3s Dock Y Y 1st Lack 1st & ser 371 63 103 16 101% — 1998 A 55% 56% 20 , 54% __ 78% 14 68% 6 64% 88% 98% - , 85 98 98%. 84% 10 *101 101% 97 102 102 1997 'J-J & 1998 F-A *98% 1998 1980 89% 89% 1951 F-A 2000 2043 99% 101% 4s 1955 Corp 1st 3Vis *N Y Susquehanna & Western § A 1st refunding 5s 1963 80 84% 85 {ATerminal 1st gold N Y Telephone 2%s ser For footnotes 5s__ 82% 62% 62 Vi -1982 page 29. 1974 87 99% 99% series 5s series 4Vis series D 60 68 Co 5%s inc 57% 64 Potomac 97% mortgage 3%s mortgage 3s Providence Terminal Elec 81% 6 82% 101 1st & 98 70 80% 6 100 97 100% 69% *78 64% 42 1st & ref 2 112% 118 6 104 % HO 104 Vs 103% 2 97% 100% 15 98% 102 11 97 100 98 2 96% 100 99% 10 98% 101 Vi 5 9% 13% 29 100 % 102 3 94% 99 9% 9% 8% 101% 101% 96 96% 10 __ — —w.' — - __ — 106 106% *105% 106% 88% 88% 10 Pwr 1st mtge 111 103 110% 110% 84% 6 99 89 % 103 Vi 100% 103% 5 100% 163 Vi 92 2 79% 81% 93 79% 93 107% 117 91'/4 91% 5 — 91 91% 6 *107% 111 J-D 93 100% 100% J-J *104 F-A *_- 106 J-J *99% 99% 106 .1977 4s MS *98 105 101 Vi 106 % 99% 100 J-J *106 Jf-N 90 *102% 104 107% .2037 J-J 144 .2037 J-D 215 90 105% 215 108 % 101% 144 105% 142 145 210 216% 77 76% 85 66% 132 60 301 31 75% 52% — % Quaker Oats 2%s deb. 1964 J-J 99% 99% 86 86 12 98% 100% 83% 93V4 102% *103 10% 10% 4% 98% 10% 120 4% 4% 97% 7 61% 6 6 106 % 106 Va 44% *42 23 *__ J-J 94% *101 J-J 44 Vi 88% 88% *__ Rochester 69 tARut-Canadian 40 12% 73% Jf-N 101 Corp— 1977 —1967 M-S 123% 4s M-S *107% 1967 M-S *106% 1969 M-S 1949 1941 J-J 104% 107% 9% 10 10 % 11 103% 107 Vi 107 Vi 104 — __ 104 % 104% J-J 78% 29 106 5 99% 101% 106% 109% Saguenay Power St Lawr 2d 49 92% 127 129 109% St L 116 105 .., 10% 7V'8 13 7% 15% 105 12 4 Jf-N 98% 101% 45 Elec stamped t§ARutland RR 4%s stamped 93% 77%- & mtge 4Vis series D Gen mtge 3%s series H Gen mtge 3Vis series I Gen mtge 3%s series J 52% 30 Gas Gen 107% 32 94% 110 Reading Co 1st & ref 3Vis ser D—1995 Revere Copper & Brass 3%s 1960 97 105 104 127% 127% 60% 1 23 90% R 13% 7% 98% 20 46 99% 99% 107% 108 M-S 3 95% 103 97 . 97 Jf-N 7% 97 97% 61 Vi . 108 St . 3s 1st series A 1971 gold 5s —1996 Rocky Mt & M-S P 5s mtge 4s series A__. A 2nd mtge inc 4 Vis ser A 96% J-J 1996 stamped Louis-San Francisco Ry Co— 1st _ & Adir gold 6s ■ 109 14 .1983 8s — 113% 103 91% J-J 106% — 110% J-D mtge 3Vis_. .1966 mtge 5s 102 * 2 99 % 92 F-A 11% __ 106 100% 101 . .1964 debs 106 103% 14 100% 100% — A-O .1977 25% 98% 99 101 A-O A-O .1962 100 70% 43% 64% 42 ref 96% 9% 99 J-D .1956 Public Service Elec & Gas 3%s— .1968 1st & ref mtge 3s .1972 91 96% 10 97 *113% __ 88% J-J .1974 . 1st 91 2 14% 103 *113% HO 106 M-N .1960 C 1st Pittston 10 103% 100% 59% 15 106 ~ J-D .1959 B 1st gen 65% U ' *100 F-A M-S "l 100 F-A M-S 82% 69% 5s 2 Ashtabula Ry- 62 a J-J A-O 90 Vi 86 '/8 *111 J-J A-O 93Vi 90% 99% & 91 — F-A Jf-N .1958 series B 1st *92 87 9 • 1963 A 76 gen 89% 68 60 Ry— Youngstown lst gen 78% *106 1964 1st mtge 4%s series C Pitts 94 97% *103% A-O 61 20 63% & 88% 26 12 98 A-O series 111% 103% 94 76 9% F-A 1st mtge 4%s 1st mtge 4 % s 107% 104% 100 F-A Jf-N 84 79% . 62% 60 71% 25 80% *61 F-A 1943 series A— see 62% 60" J-J mtge 3%s ser E__— 1978 Ref mtge 3s series F 1981 Niagara Falls Power 3Via 1966 Norfolk Southern Ry Co— AGen mtge 5s conv inc 2014 Norfolk & Western Ry 1st gold 4s_jL996 Northern Central gen & ref 5s 1074 j/Gcn & ref 4Vis 80% Jf-S 1937 1940 D 88 A-O 1937 Ref 76 99% 11 20 83% 98% J-J 1970 117 100% 100% 99% 98% J-D 1975 100% 112 41 100 *9 B 12 112% 112% M-N mtge 3%s 97% 115% 104 % 104% J-D series E .1975 Pittsb Coke & Chem 1st mtge 3%s. 1964 Pittsburgh Consolidation Coal— 3%s debentures .1965 Pittsburgh Steel 1st mtge 4%s .1958 Pittsburgh & West Virginia 70% 74% 112% J-D series 101% 97 1957 5s 103% 97% 104% 104% 1953 mtge 102% 98% 109 Vi HO 1978 A 49 106% 102% 15 M-N 1964 35% 102% .60 104% 1937 4s 166 99% 100% 1. 1981 99 104 102% 97% 100% J-J j-j 98% 82% 1960 Gen 97% 96% 60% *75 F-A 1977 1967 f Vi F-A 1971 s 97 100% Jf-S 1974 1st 46% 99 Apr 1961 2%s 10 104"% 106% 107 99 A-O 1974 106 Vi *99% 101% J-J 1980 101% 21 104 97% A-O A-O 98% 104% 100 & *100 J-D 96% 98% 98 Vi 45 1955 96% *70 J-J 96 80 86 A-O 86 70 Jan 2022 82% ' May 57% ' 79% 86 98 Vi *97 J-J 100% 75% * 1997 ■ 93 Vi *103 Vi 106 96% 92% 101% 90 1 101% 102% 46 J-J 1974 Pgh Cine Chic & St Louis RR— Gen mtge 5s series A 90% 78% 101 % 14 104 Co— Cons gtd 4s series F. Cons gtd 4s series G Cons gtd 4s series H Cons gtd 4Vis series I Cons gtd 4%s series J 93% 15 92 93% 98% 101% 92 % 99% *10022 F-A 94% 95% *104% J-D 104 81 102% Pittsburg Bessemer & L Erie 2%s„ 1996 Pgh Cine Chic & St Louis Ry— 107% 5 104 C 101 66% 81 4 102% 102% 93 98 J-D Apr 1990 ref 2%s Gen 71% tr 98 100% 93% 115 1960 ACertificates of deposit Phillips Petroleum 2%s debs , 1 115 Vis General gold 44 Vis series Philadelphia Co coll Philadelphia Electric ref 93% A-O 1985 & Wash RR Co5s series B General 103 103 F-A 1952 1st & ref 2%s t§ A Philippine Ry 83 RR— 4Vis— gold 5s__ 3Vis 103% 106 Jf-N J-D Phila Bait 102 62% J-J M-S deb Gen mtge 3%s series F Peoria & Eastern 4s ext A Income 4s 103% 98 98% *99% 100 A-O 1984 98% 10 92 Jf-N 1981 E 7 14 99% 93% J-J 1968 D series 2%s 68% Jf-N N Y Power & Light 1st mtge 2%s__1975 N Y & Putnam 1st cons gtd 4s 1993 N Y State Elec & Gas 2%s 1977 N Y Steam §A2d gold § A General Conv B series ref 60% Jf-N J-J series 1st & 67 J-J 1973 Hartford RR— 4%s mtge 4%s 104 104 % 1965 ; 108% 98% 1960 A 23/4s__, 60% Jf-N __2043 5s series 105% 118% 67 72% 97% 105 106 101% 101%' MS RR— "fVis ref 115 % 61 93 % 103 % 98% 1965 99% 95 98% 98 Jf-S 1952 sinjmig fund 4%B & II 19 102 6 M-S Airlines— E trust ctfs & 18 93% 3 A-O income debentures—1960 1st 32 10 98% 93% J-D Co— series 1st 2 91 93% J-D A-O conv s 1st & 10 1 17% 99 Vi 94 99 Vi A-O 1983 101 80% *85% 93% 1985 1978 102% 101% 8 91 89% A-O 1975 debs * 103% 103% 89% F-A 1986 2%s 1987 100% __ 60 B % Gen 99 99% *104% F-A F-A May General 93 100% 100% 99% 99% 100% J-D debentures General 103% *101% 102% J-J 1998 series A 99 95% 99 101% J-D —1982 R ser 1986 100% 16 99% 99% 102% 102% F-A F-A Tel & General 105 96% 101% 102% 116% 116% J-J A-O 3%s debentures Cons 91% 100% 102% 23 __ j-j A-O Tel M debentures debentures General 104 % 1 *102% 102% 103% 104% *97% J-J 2013 ref Pennsylvania 93% 100% __ 85 F-A A-O & 1980 Peoria & Pekin Union Ry 5%s Pere Marquette Ry 3%s ser D J-J 1998 St Louis— E 4s 95 % 100% 101 A-O 75 *100 — Jf-S 1973 & 95% 101 J-D 1975 83% 73% 90% ■ A-O F-A J-D 1st mtge 3s s f debentures 60% 78 J-D 1997 Vis B Haven 10O 95% *106 J-D 102% 73% Jf-N A-O 1981 2^s series P_ 2%'s series Q 3s 68% 99% 0 J-D 2013 B 92 95 % 95% 103% 103% J-D 1974 Pennsylvania Glass Sand 3%s 1960 Pennsylvania Power & Light Co— 104 84% A 1 97 Vi 94 J-D a 3 90% 61% 7 103 Vi *101 M-N ref mtge 4s ser A___ 2007 Gen mtge conv inc 4 Vis ser A_2022 River & Port Chester— 1st 4s 1954 IAN Y Ont & West ref 4s June 1992 £'• 281/4 62% -4- A-O J-D 1979 Gtd 4s 90% J-D A ' 71% 71% ^ gold 3 Vis 100% 104% *14 J-D 1977 Pennsylvania 31% 48 212 F-A Harlem A 18% 86 »/4 86% 103 J-D deposit ser 92% 99% *99% J-D series N L Paducan & 111 1st s I gold 4%s—1955 Paterson & Passaic G & E cons 5s_1949 90% 84% . F West series New 72 20 85 78 1956 RR 2%s gold 4s__, 6 19 *98% 101% J-D 1971 series M 3Vis 907/s 26 M-N 1950 A ser & Harlem 4Vis N 86% 71% 1966 1970 ref 3s ref 3%s 90 55% 1954 3 93% 93'% 97% A-O ref 3s & 2%s 51% J-D 1952 deposit Connecting Mtge 4s series Mtge 4s series N 71% 30% 85% F-A 1988 A Chicago & Ref mtge 3%s Y 89 378 220 86% 1960 A series J 3%s 71 % 45% — ser series Pacific ^ 80 85% M-S 1982 _____ N 61% 47 86% M-N 1948 Mich Cent coll gold 3%S 3 Vis registered 1st 86 Vi 3s ref 3s 1st 69% 20 A-O 1952 D 3Vis registered Lake Shore coll gold 3 Vis registered N Y 61 42% M F-A 1961 Central & Hudson River RR— General mtge 3Vis New York 15 86 Jf-N 1954 deposit impt 4 Vis series impt 5s series C 86% 95% F-A & 1st & ref 84% 65% Central RR Co— 4s N Y 71% 84% M-N . of 19 42% M-N deposit— of 82 84% - A-O RR Pennsylvania-Central Jf-S 1954 series 79 1 Jf-N C ACertificates A 1st 68% 88 1955 B of 19 64% " 1975 series K 1st 57% 67 __1953 JNew Orleans Texas & Mexico Ry— A 1st series 49% 76 gtd 4s 5s 65% 94%" 15 93 % J-J ref 3s 1st & 93% 80% 1955 Ref <fc Imp 4Vis series A Orleans Term 1st Certificates 84 20 07 2%s___1986 New A 87 92% U-S ref 3s ' 72% 71% 82 2000 Junction of 72% 66 St Louis— cons 68 60 101 Vi 101% 92 Vi 101% A-O 1st & 101% 101% 51% 70% RR gtd 1st 4s 1986 New Jersey Power & Light 3s 1974 New Orleans Great,Nor 5s A 1983 New Orleans <Sc Northeastern RR— Certificates 51% 1 75% 1991 debentures New Jersey Bell Telephone 3%s N J A 1st 51% 84 1948 1974 & 1st N & gold series 84 A-O F-A 1958 3s 5s 98% 65% 1966 New England "Fei & Tel 5s A 11st gtd 4Vis series B__ ; A 4 67 B Gas 15 J-J __1980 National Dairy Products 2%s debs_1970 3s debentures 1970 National Steel Corp 1st mtge 3s 1965 National Supply 2%s debs 1967 Naugautuck RR 1st Newark Consol 56 Vi J-J 1978 Chattanooga 1st mtge 86% A-O 1st & 100% 101 % 51 56 % J-D 1980 Comtr M 4Vis series B Nashville 60 % 65 Vi A-O 1st 106% 96 100% 100% j.J _1981 I & Tel 103 42 61% 86% F-A 1975 Pacific Gas & Electric Co— 1st & ref 3Vis series I 87% 103% 100% Oregon-Washington 102% 80 10 50 102% J-J 1949 series series 96% 60% *57% 107% & Lake Cbamplain Ry— mtge 2%s Oklahoma Gas & Electric 2%s 100% 99 83 *__ J-J 1978 Moh'k & Malone 1st gtd gold 4s Monongahela Ry 3'is series B Morrell (John) & Co 3s debs Morris & Essex 1st gtd 3Vis Constr M 5s series A Mountain States Tel 3Vis debentures 82% A-O 1977 F ser 100 High 99 J-J .1977 Low 22 101 100% 104% 104% A-O 1965 series G AConv 82 3i MS 1975 & & 1974 1975 .1978 Range Since January 1 Sold NO. 103.% 60% 101 98% __ __ MS Jan 1967 General 4s A 1st - *100% 104% 97 3 1978 D A 1st , US 1st 98% 102% 98 99% 100 *101% J- J 1990 A J-J 1975 SAlst guaranteed 4s Ohio Edison 1st mtge 3s 70 94% 1962 series 2047 101 J-J impt 5s series D trust 4 Vis tOgdensburg 75% 91% 70 98 *99 MS 1962 RR Co— 1st & ref 5s series A A 2047 mtge 2%s mtge 3s (Wise) 1st mtge 2%s_ 98 84 "7 70 100 M-N RR— JMissouri Pacific J-J Bonds High *__. Q-J Q-F 2047 101 Q-A 1st 101% 67 94% *101% 102 « 100 M-S 5s__i.__1940 B — 1 851/4 *96 Jf-N 1969 A series 1997 2047 1st 111 97% _ 73 *__ — A-O Minnesota Mining & Mfg 2%s 1967 Minn St Paul & 8ault Ste Marie— 1st mtge 4%s inc ser A Jan 1971 A Gen mtge 4s inc ser A Jan 1991 Missouri-Kansas-Texas 96% Q-J Jan 1 2047 registered Northern States Power Co— (Minn) 1st mtge 2%s 89% 108% 1997 Ref & 96% 92% 100 84 — J-D 1952 Mo Kansas & Texas 1st 4s 73 84 Jf-N -195,1 1st ext 4 *99% 100% J-J 1969 of N J 93% __ *97 (•NT — M-N C 1979 1st mtge 3%s_1969 Gas mtge 2%s 1st mtge 3%s 40-year 3s 101% 76% 95 4s. Ref & impt 4%s series A Ref & impt 5s series C 108% 87 1 31 93% J-D series 1st lien 102% 1 76% *105% M-N 1960 Jack Lans & Sag 3'/2s 1st gold 3 Vis 4%s 88% 96% lien Friday's Bid & Asked M 1972 Metropolitan Edison 1st mtge 27/8S_l974 Metrop Wat Sew & Drain 5%s 1950 Michigan Central— Prior 102 105% 76% A-O 1980 , impt 88% 96 2003 3s fund__Feb 11957 Manila RR (Southern Lines) 4s 1959 May Dept Stores 2%s debs 1972 Mead Corp 1st mtge 3s i960 * 107 Vi or Saie Frice Low registered General lien 3s 110% 100% Week's Range Last Period 4s Coll Macy (R H) & Co 2%s debs Maine Central RR 4*68 ser A 1st mtge & con 4s ser B Manati Sugar 4s sink tSAMidland *107 Prior 102% 100 % Interest Exchange Northern Pacific Railway— 34 107% Friday BONDS 101A 100% lOOf* 101% 102 US 1978 St Louis Div 2d gold Atl Knox & Cine Div Michigan 100% *107 Vi 108 101% 2003 3%s series F 1st & ref M Ref & 100 % F-A 1966 r 26 New York Stock 107 18 A-O NOVEMBER High 99% 100% 100% MS 1963 ENDED Nashville RR— 1st 8c ref M & Low 107 MS 1951 WEEK Range Since January 1 Sold NO. Jf-S 1949 1st & ref mtge 3s Bonds High J-D 1949 debentures Louisville Gas & Elec 3%s 1st Friday's M-N 1952 3s & or Bid & Asked Low A Louisville Last gale Price Period Little Miami gfen 4s series A FOR Week's Range 100 81% 83 131 80 57-% 59% 89% 110 51% 65% Volume 168 THE Number 4755: - COMMERCIAL & FINANCIAL CHRONICLE '29 (2249) NEW YORK BOND RECORD RANGE Friday Last Period Sale Price Exchange New York Stock or 103 series A 1996 4%s series A Jan 2016 (Jos E) & Sons 2 Vis 1966 J-J J-J J-D 100 1971 A-O t§ASilesian-Amer Corp coll tr 7s__1941 F-A J-J J-D A-0 & ref Gen ctfs bond inc 1989 Nov 1989 certificates bond 4s 4s 1990 gold 5s series A St Paul & Duluth 1st cons gold 4s_1968 St 1971 .1989 Dept 3%s B Union Paul 1st gtd 4s Seaboard Air Line RR Co— Scioto V & N E 1st mtge 4s AGen mtge Seagram Shell Oil Union debs 2%s 1965 1976 Skelly Oil 2%s debs Socony-Vacuum Oil 2Vis South & Nor Ala RR gtd 5s 3s Bell Tel 1963 103 2Vis Pacific 1994 1st 1977 2Vis Ry (Oregon Lines) Vis 4 Gold 4 Vis San Fr Term Southern A 1 Pacific 100 1957 Virginia Electric & Power Co— 1st & ref mtge 2%s series E 1975 1st & ref mtge 3s series F 1978 3Vis conv debentures 1963 Va Iron Coal & Coke 1st gold 5s—1949 Va & Southwest 1st gtd 5s 2003 M-S 'M-S A-O M-S J-J 40 98% 102% 71 61% 92% 97 92% 96% 94% 95% — "31 — 35 99% 94 28% 9 94 50 — 56 Va 97% . 99% 93% — 52 96 101% 96 91% 122 -- — 98% 93 — 93 124 2 98% 102% 14 96% "92 — 91% 95% debentures 94% 90 87% 99 90 Vi 91% 58 102 100 80 89% 77% 76% 84% "93 90 111 96% 24 111 97% 59 91 16 105 110 17 108% 113% 103% 109 102% 104% .93% 97% 108 110*4 110% 110% 1985 A-O 93% ■. Calif 2%s debs * 33 102 7 51% 51% 120 Vi 98 102 J-J 46% 57% 1 100% 102% 94'/a 37 96 Vi "101% 102% 96 Vi 92% 96% 97 96% 100 95 Vi 98% 100 % "100 Ref & Texas & 100 % 1st & M-N •*— 1970 3%s series B A-O 1990 J-D Orleans 33/8s,_1974 & ref M Gen 1st Gen mtge 4s Third of New RR Term Ave Ry AAdj 106 22 103 3/e 96% 2 92% 90% «■ • 1960 1st ref 4s 20 _ 119%- 99% 100% - _ 71 % J-J Trenton Gen 102% 70 73% 142 67 48% 350 37% — "98 • 85 1971 100% 99 trust 2%s_ 1975 Western Oil 2Vis deb 3s 1967 debentures Pacific Union Ref __ 1976 F-A 99 99 1 M-S „ 89% 101% 93 Vi 93% 93% 92% 100% "81 Vi 81 Vi 74 83% "75 78 75% 85 "95% 97 Vi 90% "97 97 89% 89% 100 94% 99% 85 97% Vi. 89% F-A "98 100 107 * 107 61% 67 59% 16 57 Vi 99 % 64 97 98% 98"! ■ 99 Vi May 101% 101% 101% 101% 101% 26 83% 83% J-J J-J M-S 1958 J-J 1949 102 Va A-O 1960 §Alst general 4s__—— J-J § ASu & Du div & term 1st 4s_—1936 " 94 74% 66 39% 38 94% 94% ~5 "104% & Power 2%s__^_1976 J-J 92% 3Vis 77% 64 '75 45% 19% 40Vi 96% 30 1971 Public 1976 Service Wisconsin 2%b 103% 113% 101 — Power Electric Vi 111 % 102% Vi 38 J-D J-J Wisconsin 100 Vi 70 ; M-N deposit Certificates of 94% 93% 100% 73% 73% 103% 96 "111% 114 J-J deposit of Certificates 99 Va 102% 99 95 Va 94% "94% Central Ry— ^Wisconsin 102 88% 102 80% 94% 99% 101% 94% "4 Vi J-D M-S J-J 3%s series D Wilson & Co 1st mortgage 3s Winston-Salem S B 1st 4s ) 101II "101V2 M-N 99% 103% 96% 201 99 Vi 100% 99% 1970 1967 mtge 7 98% "97% J-J 108 85% 100% 101% 100% 67% 101% 95 68 101% M-N M-S 1992 A 106% 109 59 •' 69% 109 107% 59% Union Wheeling Steel 3Vis series C 1st 106% 105% 59 A-O Jan2014 Telegraph Co— Funding & real estate 4%S—1950 25-year gold 5s . 1951 30-year 5s 1960 1951 Westinghouse El & Mfg 2 Vis 2%s debentures IP*7! 2.65s conv debentures u,1973 Wheeling & Lake Erie RR 4s ,1949 2 17 "107% 107% 59% M-S M-S " 101 98 107% 107% J-J 2361 47% 53 F-A J-D J-D 1966 "51 107% 55% 103 105 % 106 106 A-O 93 105 103 __ 99 105 % 96- 109% 100, 103% 101 9 96% 87% sale delivery in the n ♦Friday's bid and asked ABonds 94 94 not sale In the year's range, d Ex-interest, e Odd-lot sale Under-the-rule sale not Included in, the year's range.* r Cash range, (y Ex-coupon. impaired § Negotiability 92% 92% not included year's range, in the year's included ♦' maturity.' by 1 ^Companies reported as being in bankruptcy, receivership, or the Bankruptcy Act, or securities assumed by such companies. 102% 43 Deferred included not 101% 101 96% 5 90 100 & 109 94% 101% 101 15 99% 1991 series C 2Vis mtge 103 99% 103 99 "95% M-N Maryland 1st mtge 4s—_^.1952 Western RR— debentures 2Vis J-D 2 "100% 101% 103 103 Vi 99Vi 99% __ J-J 1970 Calif of M-N —1968 debentures 3s Union , 1 99% "103 Apr M-N 2361 —: Western Pacific 4%s inc A a A-O 99% 112% 101 95 106% 107 97% 97% 106% M-N mtge & coll series I guaranteed 1st 4s Registered U Electric Co of Mo 3%s 1st 1 3%s mtge Shore West Yonkers Elec Lt Union 63 103 107 107 % 107 64% 97% "100% 100% —r M-S 99% 101% "101 Vi J- 107 Apr Apr ' 1950 1967 5s stpd gtd— West Penn Power 3%s 102 99 "100% M-S debs—,1961 105% 94% 97% ' inc series A Jan 1981 4%s series B—Jan 1991 Westchester Ltg 127% 94% 45 .46% J-D Tri-Continental Corp 27/8s ' Baking Co— 5%s debs (subordinated) 1970 Warren RR 1st ref gtd gold 3%s__2000 98% 88% 12-1% 14 99 % "100% 101% A-O Jan 1960 3%s„1960 & Elec 1st gold 5s 1949 income 5s * 105 105% Ward A Tol & Ohio Cent ref & impt Gas 101 „ « - J-J 105 A-O 1st mtge 3 Vis series B —1971 Walker (Hiram) G & W 2%s debs_1966 Walworth Co conv debentures 3%s_lS76 Pacific— Pacific-Missouri Texas 96% 89% J-D gold 5s„ 37/8s series E Pacific & 3 104% 104% ' Texas 116% 91% 91% 96% A-O 2000 1985 series C__,. 3%s M ref 97% 1965 r A-O 114% Orleans RR—■ New ref M & 1st D deb 3s Corp Texas series 27/8s imp 97 97% Gen & ref M 2%s series A ♦115% J-J <*.2019 1985 79 "105% M-N Gen mtge inc Terminal RR Assn of St Louis— imp M 4s series C 97% 84 20 W 105% 8 93% 93% "105 1995 Washington Terminal 2%s ser A—1970 101% 101% 93 Vi M-N 1973 6 94% 102 F-A J-J —1966 1972 debentures 93% M-N , 106% 106 Apr 1971 108 "102% 107% M-N 1966 deb 2%s 106 94% 111% 96 Vi 99 95 94% "81 1958 5s cons Virginian Ry 3s series B Wabash RR Co— 83% "77 108 —1983 Sunray Oil Corp 27/8s debs Swift & Co 2%s debs & f 4s series B— Cons s 95% 84% "99'/a 101 A-O J-J J-J 1996 — (N J) 104 92 — J-J J-J J-J J-J A-O A-O ASpokane Internat 1st gold 4ViS—2013 Standard Oil of 92% 90% High 96 90% 94% "93 84% 78% 52 92 Low 100 99% ' — 100% 101% 100% Range Since January 1 967/a — — 80 — Sold •No. V 74% "94 — Bonds 102% 66 1951 Memphis Div 1st gold 5s St Louis Div 1st gold 4s Southwestern Bell Tel 2%s debs Ref 3%s debs High 94 127% 99% 100% 68% Friday's ?99 F-A M-N debentures Universal Pictures Co— RR 2Vis series E 1986 2%s series F 1996 1st mtge 2 Vis series G 1961 Southern Ry 1st cons gold 5s 1994 Devel & gen 4s series A __1956 Devel & gen 6s series A 1—1956 Devel & gen 6Vis series A —1956 2Vis 103 debs, Rubber 2%s S 2%s - M-N M-N J-D 1969 1981 3%s ser A,1975 1st mtg 1st mtge Standard Oil Vandalia RR cons g 4s series A—.1955 93 127 % or Bid & Asked A-O M-N A-O MS U 109 89 % "127 67% M-S 1st mtge 3 %s 1966 1976 1967 1959 Co— 4 Vis Gold 98% 7 __ Week's Range Sale Price High 80 % 100% 100% - -- F-A J-J J-J ,__1987 Indiana . Low 1st debentures Southern 4 86 101% 101% — J-J 1985 debentures Southern Lotb 103% *84 98% 1979 debentures 2Vis January 1 Co— Tel & Sold Exchange New York Stock Last Interest Period BONDS Range Since No. High ^ Southern 26 United Biscuit 2%s debs M-N J-J J-J J-D A-O M-N 1st Bonds Ry— Louis-Southwestern 2d ENDED NOVEMBER Friday Friday's Bid & Asked Low St WEEK Week's Range Interest BONDS FOR reorganized under Section 77 of prices; no sales being transacted during selling flat. current week. , , NEW YORK CURB EXCHANGE WEEKLY in in the footnote a In the AND following extensive list we furnish a RANGE Week's Friday STOCKS— Last Motors Acme Wire Adam Aero Co 1 Mfg Air Associates Air Investors Convertible Airlines & Fishfcr Allied Products $3.75 4.20% pfd ___1 America of Goods common American Bantam American American Class 4% % 500 5% class A B Power & & * 1 Laundry American Light & Trac common Nov 5% Nov 6% 1,800 102% 150 5% _3% 6% 93/a Apr American 3% May Oct Jun American 38 Apr American American Feb 105 Jan 94 preferred* For footnotes see page 33, : 1,500 Jan 4% May Nov 7 May American com—2 * A * * Republics 2% 100 2% Nov 4 Oct American Seal-Kap 300 15 % Nov 22% Apr Amer $6 scries preferred American Thread 6% 17 17 12% Nov 22 Jan 50% 50% 51% 4,700 50 Feb 69 Jun 98 May 26 Vi 25% 26% 1,100 22 — 18% Shares — 3% 10 2 common Superpower Corp common preferred American Writing Paper common 10c * 8 5 __ — 23 22% 21% -- % — — 5 1 High Low 3% May 1% Feb 25 30% Nov 40 50 34 % Nov 43% Jan 150 15% Nov 21% Jun 400 26 Nov 15% 400 2% 2% 30% 30% 34% 34% 15% 15% x26 26% xl8% 20% 32% Jan Jan -- 14% 3"% 14% 4% 11% 11% 41 Va 42% 23 23% 22% 23% 21% 21% 3% 3% % V 59% 61'A 5 5 5 5 5% 5% 700 5,100 100 Feb 22 Oct 30% July 5,500 __ __ Range Since January High 33 Nov 14% Nov 18 Jun 3 Feb 7 Jun 11% Nov 13 Oct 200 38 Mar 51 Jan 350 23 Nov 36 Jan 22% Nov 36% Jan 18% Mar 27 % May Oct 5% Jun 5,700 2,100 100 33/a 800 1% May % Mar 9,500 42% 72 Feb Oct Apr 5 Jan Nov 9 Jan 5% Nov 8% Jan Feb 8% Sep .13% Sep 2,900 4% 5 5% 500 19% Jun Jan ' 7% 4578 46% 48 2,900 36 26% Nov Mar Nov 13 Jan Anchor Post Products 2 — Mar 56 Jun Anger man Co Inc common 1 — 1% 1% 2,100 1% Nov 1% 200 1% Nov 2% Anglo-Iranian Oil Co Ltd— Amer dep rets ord reg Angostura-Wupperman Apex-Elec Manufacturing Co 2% Aug 1% 1% 70 6% 17% ;___,100 B Class 3% 17 1 10 Co 4% * com,,,,' Meter 2% 89% Aug x26 Potash & Chem class 3% 2% 25 20 25 1 Co Metal Products new American Sep 79 — for Week Range of Prices Jun 8% May Oct Feb Mfg Co common Maracaibo — 25 25 preferred 14% 87 99 100 common Electric Co,-, Mach Rubber American American 6% Aug 70 10 70 90 Nov Jan Jan Appalachian Elec Pwr 4% % Argus Inc Light— .u_ Gas 6% 6% 1 common Co Boob Hard Apr 3% Mar Aug 7% 2% 10c 1 1 Nov 4% Mar 2% • Beverage Cities 5 • Car Co $2,50 Oct preferred convertible preferred convertible 1% 36 1 • common American Fork & Hoe American 1,300 100 Mfg Industries 36 $2 9% 100 1% • common Co Aluminum Ltd common American Jan 1 Investing Corp (Mich) common cumulative preferred Aluminum 31% American General Corp common 5% Mar 100 Inc Internat Aluminum 3% May Nov 50 common,. Allied Bros 3 Appliance Southern Power Aluminum Sep 2% 2 Great Altofer 1% 900 10 Electric Alles 200 2% 1 J) common Air-Way Alaska 1% 5 preferred Alabama Alabama 1% Sales Week's Low Par High 2% 1% Last Sale Price Exchange New York Curb Range Since January 1 Low Stores (N Friday 6% common Inc Shares 26 STOCKS— 2% 1 - for the week beginning on Saturday, intended to include every security, • NOVEMBER ENDED Sales High 1 Inc Supply Agnew Ainsworth WEEK outside the regular weekly range are shown the Curb Exchange itself, and is for Week 10 common Mfg Surpass Shoe FOR 1% warrants Alloys Stores Hat of Prices Low Par Aluminum Range Sale Price New York Curb Exchange Acme the week, and when selling complete record of the transactions on the New York Curb Exchange ending the current Friday, Nov. 26. It is compiled from daily reports of whether stock or bond, in which any dealings have occurred during the current year. Nov. 20, and ACF-Brill RECORD YEARLY delivery sales are disregarded in the week's range unless they are the only transactions of week in which they occur. No account is taken of such sales in computing the range for the year. and deferred NOTICE—Cash 37 110% 6% 6% 700 18% 600 7% Jun 5% Mar 17% - 16% Mar 36% 31% 110% 110% 5,800 31 550 107 Feb Common class A 41% Nov - Sep 113*% May ] - preferred -- 3% 1 pfd Arkansas Natural Gas common 19% May v *1 non-voting 10% 100 1 101 % • • -19 4 5% 5% 10% — — 2,» 10% 101 4 5% 5% — 700 - — 3 /* 10% 102% 4 6 6% 10% 10% 800 2% Oct 900 8% Feb 220 98% Jan 300 37/s Nov 2,400 4% Feb 11,000 4% Feb 200 10% May . 4 12% Apr 108% May 6% May 8% May >•8% May 10% Jan f THE (2250) COMMERCIAL NEW YORK RANGE Friday York Curb Week's Last STOCKS— Htv ef Prices Par Ashland Oil Si Refining Co Range Sine* January 1 High 113 150 112 9 1,400 9 Xl6% 17% Low Feb Aug 6 * Associated Tel Si Tel class A Coast 1 Atlantic Coast Line % • Atlantic Fisheries Jun Colonial Sand Si Feb 23 Jun Co % 800 % Fon 375 6% Feb 1,000 19 2% 52 ~4 Corp Atlas Plywood Corp Products Inc warrants 22 1 ~7% 9 Avery (B P) Si Sons common 6% preferred Ayrshire Collieries Corp com 24 4% • Automatic Voting Machine— "4% 4 22 —1 , Automatic Steel 11 4% 1% 3% 21% Nov 200 4% Apr 64% Oct 7% 8 1,500 10% 11 500 6% 7% May 32 Feb 1 17% 17% Vtc ext to 4% Consolidated Baldwin 7% 15% Feb 27 Consolidated Royalty Oil 59 36 .SO common. 36 36 -1 8% Banco de los Andes— American shares Barium Barlow Corp Seelig Mfg— 300 6 % 1,500 10 10% 1% 1% 35% 36% 8% 8% 1 It Jan 734 Jun Feb 18 Jan 7% May 15 % May Aug Nov 7 May 1U% 600 27 Nov 17 1% 7% Feb 3% 3% 100 1% 1% 1.100 1% 11% 117/8 12% 1,100 11 % Feb Mar 4% 600 3% Jan 14% 14 % 100 13 % Jan Cosden Petroleum common 1 6% 7% 2,700 convertible preferred 50 $1 American 6% 6% Mar 2% Feb 6% Nov 4% May 1,000 24% 200 24 70 100 70 Oct 80% 16'A 18% 416 16% Nov 30 Nov 11 • 15% 16 700 5% 6 600 13% Mar 5% 10% May Jun 1634 16% 100 19% May 11% Mar 23% A "8 Jan 14% Apr 14'/» 19% 19% 19% 1 • «■»«*» lo Jun J uiy . 15% Mar 100 22% July 8 40'A 40% 1 • % A Milner Crowley Si 10s V 2% 1 1 150 2% 5 2% 5% 1,600 9% 1,400 21 Jan 12% Feb 1% 1,000 8% 21 13% Oct 21 1% 10 Sep 2% Jan 20 100 11% 5 8% 2.50 100 21% 10% 11 —10 1% 21% 21% 23% Sep 2% Sep 4% Sep Feb Jan 12 Nov 3? Tobacco May 5% 11% 10% July 100 4% 500 3% — 6% 6% 7 2 2 2% 1% May 3% Jan 13% Sep Feb 11% Apr • Oct 2% 18% 8% • Davenport Hosiery Mills 8 % Nov 4% May Jan reu 20 Apg J% 100 12% Feb 100 10% 10% 20 25 Aug 18 May Apr xl4% Mar 100 9 Feb 8 Feb 139% 1% • 44 Oct 17% Aug 12% May 12% Oct • page 33. Nov 53 Jan 25 108% Jan 110% Jun 3 Nov 634 Jan 110 3% 1,300 41/4 1 1% ~6% 31 i>ov Jan 30 74 74 15% 15% 4% " 15% 73% Oct 200 10 Sep 4% Nov )% Jun 10 % 10% 1/128 1034 1/256 7 ft 35,700 485,100 7 9 225 61 62 20 Sep Sep 7% Jan 7*/a Jan 38% May 8% 84 Jan ~7 Nov 19% May Apr 90 Jun 8% Feb 11% Oct 3/64 Nov 1/64 5% Nov Sep 21% Jun 54 Feb 86% Jun Sep 21 "7 *7 100 "334 ~3% 800 3% Feb —2.50 1,000 7% Feb x7% 8 10 15% 15% 15% 150 57% x57 % 57% 200 xl6% xl7 • 6% 6% Sep Juiy 10% July 8 10 4 5 10 334 6% 150 200 2.90 Davidson-Brothers Day Inc 8% 13 Jan jan 14% Nov 25% Jan 54 Apr 70 Jan 15% Aug 18 Jan 5% Jan 500 5% Jan 1% 1% 1% 3,000 44% 134 Jun 27,300 % 31% Feb 39% 9 Xl3% 13% 2,200 5% xl3% 6% 10 15% 1% — 20 — 35 • 10 15% 200 234 2% 500 1% 2 8% 8% 34% 37% 634 6% 100 5,300 300 2,950 Feb 11% Mar 9% 14 Jun 11 • _ 4% 4% 4% 100 3,400 Nov 17% Jan Jan Oct Dayton Rubber Co class A. Dejay Stores common Dennison Mfg class A common debenture 8% Feb 800 5% Nov 6% Aug 3 1,100 234 Sep 3% Nov Oct 35% Aug 34 35 31 50c 8 32 70 8 5% Mar 11% 800 9% Aug 15 % 15% 2,300 8 130 ii% 8 com Detroit Gasket Si Manufacturing Detroit Gray Iron Foundry 1 10 % 1 Products 10% 10 % x3% 24% 1,400 • Apr 19 Oct "7 x7 1 8 8 8 1 2% 2% 2% _7% Jan Mar 11% 4 % Oct 2834 Jun 14 Jun 9 18'A 11% BOo Sep 140 Nov 2% May Feb 900 22% — 8% July 12% Nov 15% 100 x3 3% 10 Devoe & Raynolda class B Diana Stores Corp common 30 100 10% — —100 — new 37% 6 Aug 5% Feb 1,400 Amer dep rets ord £1 reg common 77A 11% Sep 15 100 734 Oct 12% ,200 2% Nov 3% • Jun Draper Corp__. Duke Power Jun x31 Feb x62% Nov 79 % 33 100 x31 Nov 40 Jun Nov 83 May 72% 6 % 1 2% • 13 1 • 2% 100 13 13% 25 4 4 13% 3134 May 300 £1 Duro Test Corp common Feb 64% • common.. 1634 May _9% X62% 10 Co Jun 29 11% — • Driver Harris Co May Jan 2134 Mar Oct 2% Nov 11% July 100 3% Nov 13% 100 12% Sep East Gas b Fuel Assn common 800 May 8 Jan 2% Nov 14 Jan 5% May 16% Jun series Com Sugar 4% 80'A 150 76 72 % 75 % 350 65 % Mar 83 49 58 ~2% 1% 500 * 63 65 100 57 Feb 88 • A $6 preferred series B Eastern 434 78% 51 56 375 51 Nov 81 % Mav 1 13 13 100 10% July 58% 58% 59 % 100 60 12% 11% 12% 3,800 11% 24,700 25 Eastern States Corp preferred 4% 78% 73 • Eastern Malleable Iron $7 • 10$ 100 4%% prior preferred preferred 6% Feb Mar Nov 2% Mar $5 pfd shares of beneficial int 1 Easy Washing Machine class B • Electric Bond 1 & Share common Electric Power & Light $7 Option warrants Electrographic Corp 2d pfd A__* ' 10% 10% 1 Inc 1 134 6 common 135 5 6 1,100 11 11 11 300 4 3,700 3% 136% 3% 280 Feb 8% 3% May 10 Oct 7 Juiy Sep 2 % Mar 1% 1% 1% 2,100 1% Feb 1 33 % 33% 3534 210 33% Nov Equipment common- convertible preferred Esquire Inc — Corp Ltd Line common 1 10 11% 4% -1 Eureka Pipe 4% % 60 7% 12 400 300 5 92 Jan 11 21% 15 8% 15% 4% Nov u Nov 20% Sep 1,800 16 4 98 Feb 150 9% 1,100 23 Jun 14% May Feb 6% 43,200 u — Oct 16% 11% & 97 7 Aug 150.% 5 10c Derrick 97 • 63 % Feb 73A 97 14 Feb 1 Eureka Jan 4% May Feb 9% 126 100 $3 May May 14% Ma/ Empire District Electric 5% pfd Empire Mill work Corp Equity Corp 7 88 % July Associates— shares of beneficial lnt Electromaster 3% Nov Feb Jail Oct 234 July 45 % Jun 8% May 33a Jan 30% May Palrchild Camera b Instrument— 1 15% Fairchild Engine & Airplane Fansteel Metallurgical Fire Association (Phlla) ...1 4% 3% 21,000 3% Jan ...• 9% x9% 10 3,200 93/a Nov 15 % 56% 58 270 46 Jan 61% First York Corp common .100 2 Jdn 30 Nov $2 div I10 preferred cum - 4% —1 32 32 75 JE1 4 4 200 Jan Feb 19 5c (UE) to $1 29 July 5% May Apr Oct 3% May 38% Apr Amer 18 Apr Ford Co— Stores 14% Mar dep rets ord reg. Motor of Motor Amer Fort of 1 Brewing Co conv 200 Jan 23% Oct Jan U 10 10 16 35 Aug 34 Nov 2 Jan 10 1,500 100 7% 7% 934 850 7% Nov 19 Jan 1 8% 8% 100 634 Sep 9 Nov —50 2634 26% 250 25 Mar 32 Jun 8% 834 100 8 Nov 12% Jan Jun .1.25 common. preferred (Geo A) 21% 5 (Peter) Brewing Franklin Simon b Co Inc 4%% 21 U Fox Fuller 1634 18% 21* France— dep rets bearer Pitt 5% May Canada— Class A non-voting.. Class B voting Ford 3% Aug Co 7% Feb Apr 10% Sep Jun 1% Feb 1% Feb 7% Mar 24 66% 14% May Feb Jan 4% 4 10% 51 Jun Jan 8 Feb Feb 15 3% July Feb 8 J'Jlv 7% G Jun July 7% — 13% Ford Motor Co Ltd— 4034 2% 200 8 6 6 10c Flshman 1 . 14 Jan 11% May 2% 1 common Inc Mines 14% May 5% Apr 10 1 13% 20% May 104 % D May 21% May 7% May 7% May 6% 6% Sep 4% Mar 50 Sep July 15Vs 6 10 —1 Apr 16% Mar Emsco 82% 100 100 Sep 3,200 100 5 * 600 — Mfg Co Claude Neon Inc common Aluminum Products Co Cockshutt Plow Co common Colon Development ordinary 41% 4% 4% Clarostat Club 60 1% • Clayton Si Lambert Mfg Clinchfleld Coal Corp common 42 434 Aug 100 ctfs City Auto StampingCity & Suburban Homes Clark Controller Co Jan 10 • Consolidated Mining Cities Service common Apr 6 3% 100 Chicago Rivet & Mach : Chicago & Southern Air Lines 10 110 3 % 1 ICentral States Elec 6% preferred—100 common.. Sep Oct 10 — of America 57 8% 3 1 Central Si South West Corp Corp common—,.— Cherry-Burrell common Mar 800 500 2s 8d Central Ohio Steel Products Central Power Si Light 4% pfd 2% July 3 £1 Central Maine Power Co— 3.50% preferred Charts 35 July 9% 41% 1 Co Common 175 Feb 145 8% • common Conv pfd opt dlv ser 1929 Century Electric Co common Cessna Aircraft Co 44 1% 1,500 Jun 3 ~9% 1 Catalin Corp of America ser 1% 26 16% 8% May Nov 16 % 18% 13% Mar 9 Aug 7% 22% May 2.50 150 9% May Jun Feb Jun 6% Mar 900 — 1% 17% 5% Mar 5 % 100% Mar Jan Feb 2 1,200 • Co Jun 2,000 Duval Texas Sulphur 6% • Ltd— 35 18% - 2.50 1 Duraloy (The) Co. Durham Hosiery class B 18 1 dep rets A ord Amer dep rets B ord Carter (J W) Co common 29 17% common Oct 1% 100 Amer 28 Domestic Credit Corp class A Dominion Bridge Co Ltd 7 % Carr-Consolidated Biscuit Apr 150 Dominion Textile Co Ltd common——• — Carnation Co common Carolina Power & Light $5 pfd 3 Jun Oct Oct/ • Carman & Co 3% May Nov 17% 20 Capital City Products Carey Baxter & Kennedy Inc NOV 1% Mar 100 • preferred Canadian Marconi— 2% 700 62,100 j% non-voting Canadian Industries Ltd— 500 % 15 — • Class A voting Class B Jun 1 U 8 common 10% • 1 Convertible preferred Canadian Industrial Alcohol— Feb 25 4% 18% 6% 2% Dominion Steel St Coal class B 5 • 2,000 1% Dominion Tar & Chem Co Ltd 1 Canada Bread Co Ltd Canada Cement Co Ltd common 6% % preference Canadian Canners Ltd Jun 2% Jun 1 Insurance— Jun 1% 13% lii*/4 £1 California Electric Power Callite Tungsten Corp Camden Fire 53'A Nov 2% 13 BOo Feb % 13% 24% 11% Jan 37% 3,300 • * —10 9 100 Mar % 1% 4% 3,100 1 25c partic Dunlop Rubber Co Ltd— Amer dep rets ord reg Cable Electric Products common Cables & WirelessAmerican dep rets 5% pfd Calamba Sugar Estate Calif Cotton Mills Co. 42% 400 Mar 800 56% May Oct 1,000 16 2 Mar 4% 5% 10 y* Feb 46 8 900 1% 25o 10O May 15% May 93s Jun 5% 1,500 n Apr 6 5% 21% 1% "% May 11% 7% 11% 1 — 12%c 17% May % May 5% Curtis Lighting Inc common Curtis Mfg Co (Mo) Dobeckmun Co 7 '/e Oct Jan 7% 20% 20% 2% 5% 11% 2.80 Jan Jan Distillers Co Ltd— 4% Nov • Cuban 27% May 5% July 21 100 * 2% 15% 40 5% Jun Apr Nov 9 Co common Crystal Oil Refining common $6 preferred Cuban Atlantic Sugar common 5% preferred Detroit Steel 1% • Oct 8'A 25 Aug 5% July 1 Co Petrol Cent Derby Oil Co 8% ~9 £1 11% Aug 49 112% Aug Feb 9% 17 Jan Jun 50 Nov 22 50 Croft Jan 1534 1 Nov 6% 49 May 7% 16% 7% 24 70 70 114% May 3 14% Creole Petroleum Jan 50 Feb Jun 107 Nov 8% (ord reg)—£1 dep receipts Crown Drug 6,400 1% Oct 834 Courtaulds Ltd— Sep £1 Butler (P H) common 4 Sep 9% May 14% Aug * Burry Biscuit Corp 4'A • ft May 30 Nov 30 1 * Reynolds common preferred class A 5% May 2% Mar Nov Jan 18 3 % • Line Bunker Hill St Sullivan Burd Piston Ring Co Burma Corp Amer dep rets see Jan Feb 72'A 8% 35 • Buckeye Pipe For footnotes 8% z21 % 900 10% Sep 11% • (E L) Co common Bruck Mills Ltd class B Chief 400 1.500 1,700 400 28'A Nov 2% 29 Bruce Toting trust 934 2134 4,000 Apr 634 11% • Chesebrough Mfg 9% 104% 107 % I6 Jan 13% 2% • Class B Chamberlin Co Sep Nov 8% Nov 100 — 7% preferred Conv pfd opt div Nov 95% 11% (Md) Crown Cork Internat'l "A" 100 11 % 100 Co— Brown Forman Distillers 4% cum Junior pfd Brown Rubber Co common 1 58 % 107 ft Crown 14% «■— British Columbia Power class A w 140 100 Oct Oct 39 Feb 8% 19 • reg Rights 2,500 96 6% 10'A Apr Oct • Tobacco— Amer dep rets ord bearer Amer dep rets ord reg British Celanese Ltd— Amer dep rets ord & 61 200 834 Jan 3% x7 1 British American (AM) 58% 7% A Jan 25% Mar 10% 39 1434 • pfd Nov • Products 237,300 21% 1 Brewing Co Crosley Motors Inc Jan 35% 80 S Class A Castle ft * Ooro x7 com.* Bridgeport Gas Light Co Bridgeport Oil Co Brlllo Mfg Co common Casco Nov Inc. Sep Jan 21 8 27 Borne, Bcrymser Co Bourjois Inc Brazilian Traction Light Si Power Breeze Corp common ' 33/4 800 14 Nov 300 11% • Blue Ridge Corp common Blumenthal (S) Si Co common Bohack (HC) Co common Carreras 1,100 2% 66% Jan 5% 850 common ! 3% 2% Jan 15 100 35% -1 Oil Feb ~2% Nov < Sep 10 10% Blrdsboro Steel Fdry Si Mach Co British-American 29% 95% 1 Cooper Brewing Co common Copper Range Co Cornucopia Gold Mines 4% Mar 125 .25 common Blckford's Inc common cum % 1 * 5o 66% 5 & Hedges common— Convertible preferred prior 17% 10 Benson 8 %# 9,200 common Canada 7% • Varnish Co Feb 5% Benrus Watch Co Inc Blauner's 8 5 % common. of 34 16% (A S) Shoe Corp Bellanca Aircraft common Tel 150 200 5% 5% Beck Bell 45 4% $1.20 convertible A common Basic Refractories Inc Baumann (L) Si Co Beau-Brummel Ties 8% 1,600 10% Steel Si Feb Corroon Si 57% Locomotive— Co 334 300 107% 108% 9% Car-Na-Var Corp Si 61 95% 104% Fdy Si Machine Co Cook Paint 57% preferred Rubber 5,100 7% 108% 1 Liquidating Corp Mining & Smelt Ltd Consolidated Continental 7% " 9 10 Utilities Gas Consol Continental Baldwin Feb 4% 33 — -100 100 series B preferred—-, preferred series C 4%% 9% Apr 16% July July B Babcock & Wilcox Co 7% it • Consol G E L P Bait common Apr Jun Nov ' 1 1956 26 300" May 4% 29 Community Public Service Compo Shoe Machinery— Feb 10% Mar 9 % 3,000 4 4 Inc 24% 29 Nov % 33A May 6% 5 4 1 Commonwealth Si Southern warrants— Hotel High 2,200 29 Commodore LOW 53 a 32% Jun Feb 800 Jan Nov 4% Mar 12,100 Jan 20 2a/« Mar 50 Atlas 8% Aug Rang* Since January 1 Hich 4% 4'A Colorado Fuel Si Iron warrants Stone Co Shares 5 5% 1 14 3% 17 2% IrOtO 1 Airlines Colt's Manufacturing Co £1 Sales for Week Range •f Prices pat Colonial Nov 12% 3,400 Kxohmugo York Curb Rew High 115% Associated Electric Industries— American dep rets reg Assented Laundries of America Week's Last tale Price STOCKS— 9 16% NOVEMBER Z6 Friday Share* Low —1 Monday, November 29, 1948 EXCHANGE CURB WEEK ENDED FOR CHRONICLE for Week 113 Arkansas Power Si Light $7 pfd——-• Aro Equipment Corp —a *-50 FINANCIAL Salea Range gale Priee Exchsags & Jan Garrett Corp * common Gatlneau Power Co 5% preferred Gellman Mfg Co common General Alloys Co— 10% 11 900 100 Feb 153a 13SA Nov 17% July 84 10% • common Feb 9 1 L 6 6% 800 6 Nov • 1% 1% 100 1% Nov (2251) COMMERCIAL & FINANCIAL CHRONICLE THE Number 4755 Volume 168 ( RANGE FOR WEEK • i ENDED NOVEMBER 20 Last Weak'e Raage Sale Prleo ofPrleee Friday Sale Pries i' ,v 3 3/4 com—1 25 Supply Corp preferred General Electric Co Ltd— Am*; dep rets ord reg General Builders %% conv General Oeeegl* It preferred- Gilbert (AC) Gilchrist common Co Glen Distilleries Inc Nov. Jan 9 Apr 361/2 800 Feb 40 Nov 4% 600 - 33 a 160 150 95 <Adolf) Inc common Sugars class A Class B 900 18 200 Goodman Mfg Co Gorham Mfg 13% 11 conv Varnish Non-voting 1 1% stock common ■ - 23% 12 Jan 29 Apr .35 183/4 Jan Nov 21% Jan 15% Jun 1,200 25 25% Aug 3% 2% Nov Jan 503/4 Jan Feb 28 V* Jan 7% Jan 6% 91 Oct % NOV % May 51% May "e 200 x58% 63% 250 50 Mar 11% 11% 100 11 Nov 7% 7% 100 7% 7% 2,400 ~5% X58 V4 7% 10.9 138 200 98% 150 13% 13% 25 8 * • Mar May 97 Nov Nov 6 % Hammermill Paper new com.™——15 25 Xfaruurd Electric Rayon Harvard Co Brewing 1 Hazeltlne Corp Beam Dept Stores Rubinstein Helena — 8% 9 11 «<tf & Hurd Lock & 42 3/4 & — Nov 75 7% Apr 85% Jan 11% Nov 4% May 148 Jan Jun Mid vale 34% Jun Mid-West 88 Jun Nov 43/8 May International Hydro-Electric— Preferred $3.50 series 19 Sep 7% Jan 42 % Jan Nov Feb 300 19% - 16 Feb 3% May Jan 25 9 Nov 16% Jan Nov 8% Feb 8,000 11% Mar 17% 16% 16% 400 11% Mar IP/4 113/4 300 17% Oct 12% July International Petroleum coupon . 11% >7 49% 11% Oct July 850 92% Feb 11 Nov Oct 10% 11 11 900 12; ~1 "l 11% 59 •15% ~4% 4" Oct 1 1 Jim Brown Stores common——1 Preference • Julian & 5% Kokenge Co ——• . 9% Mar Nov 1% Feb 2% May 15% 15% Nov 20% May 800 3% Nov 78 200 % Nov t conv 7% 1% Apr Apr 93/4 Jan -I Kansas Gas & Electric 7% Kennedy's pfd Co 8 • Inc Key Co common Kldde {Walter) I & Co Kimberly-Clark Corp— 4%% preferred Kings County Lighting 7% pfd 5% preferred D King Seeley Corp— Kingston Products Kirby Petroleum Klrkland Lake G M Co Ltd Klein {D Emil) Klelnert (IB) Montgomery Ward & Co class Moody Investors partic pfd Morris Plan Corp of America Mountain Producers — Inc Namm'8 common Bellas Hess common National Breweries common National Stores Fabrics Cooker common Bf% Jan National Radiator Co National Union Radio For footnotes see page 6% 33. 15% 126 Jan 9% Nov 0 Jan Nov New Apr Clock & Watch Co convertible preferred Jersey Zinc ——— Mexico & Arizona Land— Park Mining Co J Mar New Jan New 12% May 45% Feb 107% Nov 37% Jan 17% 200 23/4 23% x3 600 2% 2,300 xl-1'% Nov l,?oo 1 Nov 100 20% 7% 13 13 21 " 7% 13 1,050 600 300 Haven Y N Y 10 Feb 32% Oct 9% Jan Apr 15,900 12 Apr 7% Feb Oct 15 Va NOV 5% 9,800 6% ' 3% 250 19% 500 19 100 ^2% "2% 3,700 400 7% 50 9% 2,000 10% July 6% Nov 13% Jan Apr Oct 28 18 Nov 25% Apr May 5 3% Aug Feb 18 Apr 24 Feb 22% July Mar 2 Jun 0% May Jan 7 Jan 30% 5 May 35 10% Sep Mar Mar 104 Jan 233/4 Mar 100 5 96 9 27 Jan 8 3/4 Oct Feb 6 Va Jun Nov 96% Jun 7% 7% 8% 1,600 6% Mar 3 3 3 % 6,200 2% 88 1 1 88% 50 87 96% Aug 100 100 1 Feb 3y8 May 2% 2% 172 300 100 162 75 30 ' 32 33 3% 13 % 31% 3% 13% 13% 103% Jun 174% ~2% 2%. 31% 400 1,000 50 Aug Nov Feb 12% Feb 33/8 Jan 26% 97% Mar 24% 24% 10% 400 11% 11% 1,100 Sep July 178 a/4 Jun 40 Va Jun 4% May 17% Apr 34% Nov 115 July 27 Aug 33% May 13% Jan 10 Nov 10% Oct 14 Va May 200 9 9 23 25 100 10 8 Nov 11% Aug 100 11 Sep 15% Jan '4% NOV 5% 1st preferred 5% 2d Mar Apr Feb 24% • Jun 9% May ■»«rv4 jan Class B Nineteen Hundred Corp class B 2Va Mar 29 V8 Mar 37% Oct 35% 175 33% 10% 4,100 103/S Feb Nov 37% Jun 10% 11 Nov 16% July 12 Oct 10% Nov - 4% July 360 100 11% IIV2 " 12 % Jan 16 May • 1 2 1 5 5 17% Feb 10% 11% 2,100 8V2 11% • Niles-Bement-Pond 3,900 32 % 35% optional warrants— Corp class B com 3% 31% 8% 200 7% Mar 8% 400 8 Nov 11% Feb 18% 400 15 Mar 22% Jun 3 Nov 2 Nov Jan 8 8 18% 18% 3% 3% 3% 1,200 2'/2 23/8 2% 4,400 9% 100 15% 400 13% Feb 5% 81 9% 8% 14% 9% 6% 800 4 '/a Feb 82% 300 79 % 2V2 300 2% 81 2V2 7% 6% 67 8% 7% 8Va 6,600 xl% xl% 200 28 250 1,400 68 59 Va 6 10% May 4% May 3% Jun 13% A0r 17% Aug 1% Oct Nov 96 May Nov 6 Jan 6% Nov 650 67% Jan Feb 1% Nov 12V8 July 72% July 10% May 2 Va Jun 88 July 75 27% 273/4 — Feb 9 Mar 27 Feb 32 Nov 15 May Feb 19 May 11 10% Jan -- — — 16% 6% 16% 200 6 % 7 Va 900 98 97% 97% % 1*6 9% 8% 14% 26,700 97% 100 100 preferred Niagara Share 9,500 3 IOV2 ——1 — Hudson Power common Niagara 14 .Tun Founders shares Jun 16 Apr Honduras Rosario Merchandise Shipbuilding Corp— & Nov 7 7 5% 3 % -1 1 * * 10 10 common- 12% 12% 6 V2 —25 common Co Jan Nov 6% Auction 1 20% Nov 13 Y N N 43/4 May Nov Process Co Y Oct 10 % 20% N Jun 19% 12% Mar 123/4 10% New 48% Sep 60 * 41 10% Sep 8% 33% • 100 —1 —20 4%% New 16% 103/4 Nov Feb 7% 6 England Tel & Tel 17 Oct 100 1 2%, May 53/4 33% 5 Corp (Herman) New 13% 125 12% 2% -4 10 • 1 30o — Machinery Ltd National Rubber 17% May 41 1 1 " , Feb Aug 6% —.—i0 griww WruwlTW Ori 8% 10% . Jun 10% May Nov 13% • 1 Gas——— Fuel National Transit common 6% 1 Jun 8 Va 7,400 7% 3% 25 preferred 7% Jun Apr 10% 11 6% May 50 N 6% 4% Sep 20% 16 3% 11% Feb 19 19% 10 1 1 • Nachman Corp National Steel Car 10 28 100 6 * 2.60 —10 lOo common Company Muter Jun * Jun July 73/8 Jun 6% 400 18 18 lOo 10 • 100 1 States Tel & Tel Vernon-Woodberry Mills Murray Ohio Mfg Co Muskegon Piston Ring common Muskogee Co common 8% Aug 200 10 3/4 111 6 Va 400 11% • • A Mt 9% 14% 12 * Mountain Feb 993/4 -1 • Co common Rubber Co Knott Corp common Kobacker 100 B—100 100 1 1 1 6% — 14% Jan 3% Mar 1 -60 Molybdenum Corp— Monogram Pictures common Monongahela Power Co— 4.40% cum pfd— •4.80% cum pfd series B Monroe Loan Society com class A Feb 11% Mar 14 % Feb Jan 7% Mar 8 6% 3A 6 * Canada—-Power & Light 5% pfd_. 4% 12,100 Feb 300 1,500 50e 43/4 8% Feb 5% 7 „ 28 28 1 6 % Neptune Meter common Nestle Le Mur Co class A 8% 6% 5 common. 100 122% 8% 'nov 3 Va 300 1% 1% _50c 500 100 • 25% Jan 23 5% K Kawneer Sep 1 Missouri Public Service common— Nelson Kaiser-Frazer Corp 1% 7% pfd Nov 25 Nov 15 Va 5 3% 100 c — 300 4% Apr 30% Aug x9% 2,000 8 6% LlO 1 4 21% Jan July 12% Mar 800 6% 8 2% May 13 Va 100 4% 2 42 44 % 500 4% % 6 • • Mining Corp of Minnesota May 8 July 3% 10 Co Nov Oct 6% May 1,100 2 4% 1 Jan 17 1,800 21% 21% 36 Va 43 13% Jun Nov Mar 1% ■5 5 22% Mar 25 9% 16% x9% 16% 1% 2.10 _s- National Pressure Sulphur Co 1% Mar 500 37 4% 1 1 _j Nov 1,200 1% 37% 1 % Nov May 20% -11 National Mfg & Stores common Jefferson Lake 3 .2$e convertible preferred 4%% National Jeannette Glass Co common 13 % Mar 5 Va Corp—. National Mallinson 3% 1,200 Apr 3 Va 13 Jun 1,100 s/„ "a 18% Feb 393/4 Sep Apr 14 4% 1% 1% Feb 15 24 300 12 Oct Sep 10% lv 110% 9% Mar 17,700 10% 10% 10 International Safety Razor B • International Utilities common-—_—5 Investors Royalty — 1 Iron Fireman Mfg voting trust ctfs—• Irving Air Chute — 1 Italian Superpower Corp com cl A • Mar 96 Nov 49 x22% International Products—, 133/4 Jan 9 Va Mar 300 50 49 : 88 300 ; 104% 105% 17% Nov 834 400 108 Mountain States Power common 8 • shares Jan 9% 190 90 90 ' 9% .100 Co Miller Wohl 16% —50 • shs„• Nov 29 Supply commonllh Refineries-, Mid-West Jun 16% 105 Apr May 9% Abrasive Oil Midwest Jan 15% 90 21 6% Midwest Piping & 7% 44 15% —£1 Indianapolis Pwr & Light 4% pfd—100 Insurance Co of North America —10 International Cigar Machinery • Jun 28 80 28 26 9% common Apr 22% — International Metal Industries A Co 4 41% Mar 3% Imperial Oil (Canada) coupon * Registered —* Imperial Tobacco of Canada—.. 5 Imperial Tobacco of Great Britain 16% 37 dividend shares $2 non-cum 35% 2% —£1 173/4 Mar Feb Steel Products— 110% , dep rets registered— Sep 12 Middle West Corp— Jan 125 23 23 19, 11 200 """V Class B v t c— 3% 25 Feb 700 13 % 34 Middle States Petroleum class A v Sep Feb 112 11% 1% Corp Steel Tube Michigan 8ugar Co common 6% preferred 30% 950 common Nov x65 Apr Nov 13% 16% Midland Oil Corp $1 1 -111b 12% 15 110 lio Michigan 2% —1 — 600 18% Bumper Michigan Apr Midland 375 Aug 5,100 133/B 2% Participating preferred Jan 41% 9 20% 34 —. Apr ;5% 18 Va 19 Vb 26 Co Iron Jan 5% Feb Jun Jan Jun 13% Metal Textile Corp common .A4V* 41% Sep 23% — Nov ImpwRil Chemical Industries— Registered Mesabl 11% May 19% May r Oct 66 13% preferred A Ex-distribution Ills 73 Apr 1,100 -10 Distribution-on ,3,400 Mar 44 & Scott Corp— Chapman Oct 74 49 11% Warrants 6%% 32% — — Jan 20% 72% — — * Ireland— Merrltt 9% Aug Feb • Amer 7% May I6V2 105 Vt 72% % Mar 300 65 Co Mfg 98% Sep Jan 2,800 1 Iff 72% 64% 2 Mar —5 Co. Hydro-Electric Securities Hygrade Food" Products Ulinfti^lnc Co Menasco Feb 16% Aug 24% Jun 26% J»n 24% May 10 July 7% Mar 700 19% Co & 3 550 4,200 65 Dredging Johnson Mead 24 31% 30% 21% 9 3/4 9% common 50 25 22 20 % 1 (A G) & Co class B McWtlliams 2% May 73/8 July .100 * Inc common— Refining—; — preferred— Corp 500 17' Feb 50 ,% #2.50 preferred McKee Aug 139 30% Huyler's common 1st conv Jan 43/8 July McCord 3% 17 17 18 23% 93/4 commont. 3,300 30 30 26 71% Co Mfg 9% 3% 1 II Apr Feb Feb 22% Jan 42% Sep 50 1 Shovel Power 50 & Co commonBaking Co Mfg 563/4 Apr Jun May July 26 20% (The B) Co_ 42% 9. 9% —5 stock warrants Common Nov 11% Sep Oct Jan 23% Mangel Stores common 303/4 Aug -_10 Refrigerator $2.25 pfd— Hussman Oct 8% Sep 5% 15 3/8 May 30 B3/* Micromatic Hone — preferred 9% May 19 Nov 68 7- * Oct Aug 11 26 Mapes Consolidated Mfg Co— Marconi International Marine Communication Co Ltd Apr 12 10 15Va Mar 24 M Sep 14% July 8V2 '• ' 30 72 72 Hardart common Oil '■'*.** * . 25 25 pfd— Power & Light $6 9"% 105 '13% Nov 11% May 91 1 Hubbell; (Harvey) Humble •7 • ■■ —100 1,000 Jan Apr Nov 7% — Manischewitz Feb 9% X- 700 14% II Jan Nov 10 2 — Inc— (Geo A) 600 —r-'l Nov 73/4 2,000 • —100 & Co class A Horn It Hardart 5 1,900 8% Nov 6% Feb 10% Nov 1,200 12% , ; —— IV2 800 5% ' 5 common Holllnger Consolidated G M Horn 200 73/4 Holly Stores Inc Holophane Co commonHormel 1% 12% A Border's IV2 7% preferred w w preferred w w (R) Nov ,12% Henry Holt & Co common—. Hoe Nov 2% • #% % 1% 48% —IlllS Heller Co common * 17 10 200 10% • Class 2,000 ; 2% 25c common. Co— Etecla Mining 19 8% ; Feb 49% 5 * Sep 2% 10 % 1 HatbaWay Bakeries Inc 53/B 49% 1% America B non- vot com—1 Hat Corp of 53/4 250 Nov 2% - 400 7% 17 •.. —1 ^ common— 6% 7% - Hartford 21% 13 % McClanahan Oil Co common ! • 20% 13% Chain- comnfflpi 5% convertible preferred ' • On T.td 21% Macklntosh-Hemphill Co__ Maine Public Service Co Marlon 5 Co '10% —• 44% H Hrldee 10% Jan % 10% 5,700 3,300 • preferred A ctfs of dep preferred B ctfs of dep McAleer W«rn11*On iff 11 % 14% May 140 13% % 1% Jan Jun Nov rftr preferred—II Inc Massey Harris Hall Lamp May 93/4 10 8% Nov 1,400 93/4 10% July Apr 36 % 8 8% 97% Grocery Stores Products common—25c Gulf States Utilities $4.40 pfd—100 I Feb 6 J —1 H 1 A • Oct Oct 18 % 120 133 100 May Lynch Corp Feb 20 - 28 9% 20 Louisiana 65% . Mar i 91 37% 37% Feb Louisiana Land & Exploration 9% Jan Sep 6% Mar 425 113% 138 109 5% 7 18% 1 § Longtnes-Wlttnauer Watch Co Long Island Lighting CoCommon ctfs of dep 52% Nov 1% 10% May Lone Star Gas Co. (Texas) Nov 3,900 Nov common Locke Steel 80% 10 3,8 %' i Jan 6% Class B 39 3/4 80% 80% 1/2 - 6% 1,100 Groceterias class A Loblaw Oct 12% Aug 2% 1,000 6% Lit Brothers common 103A 3934 8% 6% Jun , 35% < Corp Llpton (Thos J) Jun Feb 1,300 2% —25 Gypsum Lime & Alabastlne Lionel 2,400 300 73/4 Inc (RG) Feb 77/a Material Co Line Feb 5% Sep 22% -* 100 , preferred 1st Great Northern Paper - Jan 21%* Feb .39% 5 Gray Mfg Co Great Atlantic & Pacific Tsa— llOMi i 2,500 13% 2% —10 pfd—25 1 common Grand Rapids xn - 12 x22% 13% * Graham-Paige Motors S% Jun 2438 x22% 50 class A Gorham Inc -Iter.,";,* 25% 2414 25 1 - -dan Le 16 , ———-—* #4,54 prior preferred Goldfield Consolidated Mines— Apr Tourneau Nov —1 Lefoourt 11 1 —* * ; Mar 100 2% Mar -3% 33,i 18 • Gobel Godchaux x9 Feb iw < 6% 11 Va Nov 8% 8Va Realty common Leonard OH Development ; 400 2,500 8'/a University—— La Salle Extension 53/8 8% 1 Lakey Foundry fc Machine Lamson Corp of Delaware Lanston Monotype Machine - 5% 1 Nov 2% 1,800 100 . 100%, Apr 5% Jan Feb- 3% xl05% ;—__—2.50 ——• class B——— i 9 Coal Alden Gtenmore Globe-Union 5% 73/4 1121/2 114 114 Corp Gleaner Harvester Jan 700 100 25 Gladding McBean & Co 8 . 17 % May Sep 5% Nov 13 Company L'Aiglon Apparel Inc Lake snore Mines Ltd 9% May 2,600 3 3 % 1 * * Gold Mines, Giant Yellowknlfe Oct 96 3/4. Nov —• — Oct 7% ~4 4% High Low ' • 5% Jun ..-.27%Jun. 3% Nov 6 33 % 34 • 100 1 Plywood Corp common 50c Public Service $6 preferred—* Power $6 preferred— .* Range Since January 1 Share* High 223/4 27 fer Week High Low 7 3,4 10 • Curb Kxehange Yerk New 5% 5% General Phoenix Corp •General • Laelede-Obrlsty pfd 6% Adv Outdoor 200 33/4 < . Low 7% 1 A% preferred series A — General Fireproofing common.— • Range Staeedaaaaiy l . High 3% . •••■• , £1 •General Finance Corp common •General Shares Low Par - fer Week of Frleer . STOCKS— - Range Last Curb Bxebanre York New Sales* Week's Friday STOCKS— 31 4* EXCHANGE CURB YORK NEW 1 '• ^,,kSv ' _ 10 105 X92% Apr 117 Jun Jun Jan % Jun 1 May 8% Jan 1,100 9% 9% 700 8% 9% 2,700 22% 300 Nov 8% Nov "I 23 Feb Feb 6% 92 0 Uoh 10 % 11% July 123/4 May 23% NOV (2252) THE COMMERCIAL NEW YORK RANGE WMk'i Friday stocks— Last York Curb 0*1* Pries Exchange »f Frioe# Par Nlplssing Mines North Amcr North Rayon class North1 Central Securities 41 43 400 8 8% 48'/a 33 2 Vs 600 2 '/4 89 Northern Indiana Pub Serv 5% pld_100 Northern States Power (Minn) wd • Northrop Aircraft Inc Novadel-Ageae Corp 16 % 1,500 2 Va 50 101% 89 8 8% - 101/4 117/B 163/4 15% 16% 700 Steel Corp Ohio Co Power Oklahoma Old common Brass 60s class Segal Lock A Hardware Selby Shoe Co 3% Mar Selected 97 Va Feb 7 Nov 22% Jan Semler Sentinel 4'/a% 15 Distillery—: Lighting $5 Page-Hersey Tubes Motors Parker t v Patican Co common— Feb Jan 32% July 106% Jua 97 July 17% Sep 25% July Mar Feb Oct 34 Va 37,800 2% Sep 10% 15,800 9% Nov 18% 14% Aug 300 Mar 19% Sep 31 May 24% May 4 17% 19% 11 1,350 4% Oct 17% Nov 16 Nov Fab 113 3 3 3% NOV 4 41 42% 200 42 NOV 21% 22% 250 21% Nov 7 7 - 7% 6,900 5% Mar 3 3% 1,520 3 Nov 1% Nov 100 101% 103% 5 40% 3% 3% 20 52% 50o 52% 4% 4% 7% 6% • 3,800 Ar 2 100 22 ~2 2% ' — 2% 2,000 xlO% <• 11% 1,300 Lambert Co 520 58'% Feb 75% Oct 18 900 8% Jan 21% Oct 4% 4% 200 1 —1 4% Mar 12% Oct r' 9 10 18% Jun 13% 13% Nov 15 Apr May 9% Mar 25 Jan 9 1,400 100 15 Oct 87 37 6% 38% 39% Jan 97% 44 Va May Feb 8% 9% Feb Apr May 1 % 200 Feb 6% 39% 10% 1 10% Jan 200 1% 5,600 1% • 9 9 ; < 100 10-' 9% of 200 100 91% *—♦ 95% 95% • 21% 22% 5 Manufacturing Jan 5 3% 9 • common Feb 69% 2,50 com Jan 41 17 • preferred ; Puget Sound Pulp & Timber 13% 65 1 prior Nov July 2.50 Colorado— 4%% cumulative preferred—.; Puget Sound Power A Light— - Oct Mar 4 12% 91% 90% Oct Jun 11 May 10% Nov' 18 % '25 ?90 Oct '*"'99%' Jun Jan 99' Nov 30 Jan 24% Jan 43A May 27% Jun 20 Va Quaker 8% Oats common • preferred 86 100 88 210 143 Va 143% * 14 79 80 Jan Vot-ag common Railway A Utility Investment Manufacturing Reading Tube Corp class Roller Shoe —1 1 Co_. *. t 9 common dep rets for ord reg Corp common Rome Cable Field Rotary Electric Inc Steel Jun July 15% AUg 1 100 • Co 700 3A 25 % 34% 54 5Va ~33A 6'A 5% 21 3% 200 . 2% 2 86 Va 86 Nov 27 Va 6,700 Jun 55 Mar 5% 700 Nov 5%, Oct-' 100 19% Mar 800 3% Nov 300 24% Mar 86 Va 1% May 31 Jan 37 Jun 18 27 Jun 30 % Mar 500 2 3% May 20 Va 52 30 250 23A ' Feb 1% 2 27 •" 27 2% , Nov 1 18% 26 Va x 1,400 1% 2% 2,900 1% 9% 5% "3 3 3 Va 900 3% 3% 3% 1,000 % Va % 500 5 8% 1 Southwest 6% Pa cum 4.56 % conv 4.48 % 4.32 15% May Nov 16 Feb 13% 13% 4 May 22% 'Oct 200 12% Feb 55 % 56 55% Xl2% xl2 Va Sep 3 Va 26% Jan 32 4'A 4% 1 • 7% 7% Oct 5% Nov 93 Mar 37% 20 20 100 Nov 20 Nov 230 80 224 Nov 270 May 3 July 4 Jan 91 91 20 88 Sep 94 25 Va Apr 29 Va 8 Va Feb 14 Va Mar 5 July 91 9 _9% 83A l'/a 1 Va 1% 1,900 3 3 3% 1,700 8 8% 900 7 % Feb 3 3'A 500 3 Nov 3 40% 40 Va 40 7a 1,400 18 18 20 % 20 27% 27 Ltd new common—1 Salt Dome Oil Co Bamson United. 1 Corp common Savoy Oil Inc (Del) Sayre A Fisher Brick Co Schulte (D A) Inc 49 common For lootnotes see page 33. 1- 25c 1 1 7% 27% 2,300 26 27% 3,300 26 Va 26% 500 25 500 227/a May 4% Jan 25 27% 27 26% 26% 25 24% 24 24% • ■ 1 6% 6% 6 5 x37 Va x37% 39 Va 7% May 3A Oct 8Va Feb 1% May Aug 26% Sep Standard 51.60 1 Dredging Corp common Forgings Corp Standard Oil (Ky) Standard Power & Light 57 preferred Standard 10 16'/a 400 10 100 9% 25'A Feb Co 30% 1% 1% 3,200 1 Va l'/a 100 110 108% 113 1 : 6% 6% 7 3% 3% 3'/a 1 2% Sterling Aluminum Products Sterling Brewers Inc ISterllng Engine Co Sterling Inc 22 10 2 2 Va 14% Jan Jan 100 1% 1,300 % Feb 4% 2% Jan 4% 4% 900 43A Nov 7% May 15 Va Jun 13 "lVa 13 l'/a 6% 25 lVa Nov 12 8Va Nov 100 M Nov 12 450 10% Nov 12% 13 500 12% Nov 34% 33 % 35 1,200 27 Va 15 14% 11 • . 5 2% 5% 800 15% 250 ?% 2%,;. a • 20% Jan 7 13 Va Mar 1,200 Taggart Corp common Tampa Electric Co common • 27 27 2% -Nov * Feb '\' 10% 10 Va 11 1 common Texas Power & Light 1% pfd Thew Shovel Co new common Thor Corporation common Tllo Roofing Inc— Tishman Realty & dep rets 400 3 Sep 1% Nov Feb Nov 13 'A 13% 800 6 Va 100 £1 13 Va 6% 57 57 , s 1. v 54% x2% 89 Va 89 % 1 2% 51% Nov 2 % 19 % *Jun i 15 - 7% Apr 57% Oct Nov 4 325 % 88 500 4 Va , 800 Nov % May ' 7% Aug 1% Jan Oct 50 2,300 Jan i 18% May Nov 200 , 89% % 4 2% * 12 54 % Jan 21 »■. Jan May 124 ' 54% x2% 1 Feb 49% Mar 43A h 6s 20 100 53A 30 May. 16* 11% Mar — 70c preferred 66 5 , 99% July Jun Jun Nov 1% May Nov 4 6% Apr 4% May 2% 2 Vi 4,200 13A Feb 26% 26% 25 26% Nov 4% 300 4% 8% Nov 9 Jan Oct 12 Jan 4% 4% __ .— -r* • » ■ 31 May Jan U Jun May Mar Apr 10c 13% 5% Jun Sep 9% Aug 23 Va Aug 12 % 3% 3% Jan Jun Apr 4% May 3% Jan 1% 1% 1 Va Oct 2% J'un 5 3 Va 3 Va 3% 2,300 3 Nov 6V2 Apr —* 7% 7% 8 Va 1,800 5% Mar 8Va Jan 6 7% Nov 800 4 Union Oil Co of California— $3.75 pfd series A Union Stock Yards of Omaha United Aircraft Products ——• com common Corp Railways RR & Canal 53 3 Va Va Preferred United Specialities 87% Nov 973A Jan 10 52 Va Nov 62 Jan 3 Nov 3% 1,100 iff 10,600 A Feb 150 29% Nov 38% Mar iff 29 Va 29% 30 10 19 18% 19 1 20 20 21% 3,900 10,100 Feb Feb Jun 36 Va May % May • 20 3A July 24 24 30 243 % 243 % 25c 3'. 7' 60 233A Oct 30 Jan 24 25% Jan Sep 5% May 243% Nov 400 5% May 250 25 50 48 51% July 38 38 34 Nov 6% 10 Nov 10% Jan Nov 62% Apr 3,125 48 38 Sep 8 Nov 1% Nov 2 Jan : Securities preferred with warrants— 39 Vs 960 10c ~1% 1% ~1% 600 1 common Conditioning Corp.-— U S Foil Co class B U S and International 16 17% 5% July 70 14% Nov • 25 common Apr 300 • 100 Machinery 1st 91% 531 3Va 90 dep rets ord regis— United Profit Sharing com 10% preferred ' United Shoe $5 50c • Milk Products common Preferred United Molasses Co Ltd— U 8 Air 91% 100 — Jan 1% Mar 12 Nov 1 6% 7Va Feb xlOVa * United 1% Oct 16 600 * Apr 100 17 200 10% com Apr 100 22 • 16% 1 Inc Tung-Sol Lamp Works convertible 17 % 1 def Jun 18%. Nov 17 16 xlO Va Construction ll7/a 7% Nov Jan f\» i t v 31% >, 118% July 5 Toledo Edison 4%% pfd Tonopah Mining of Nevada Trans Lux Corp—j Tri-Continental warrants 8O0 Nov 5 regis Todd Shipyard Corp common Toklan Royalty Corp Trunz Feb Nov 10Va 100 Tivoli Brewing Co Tobacco & Allied Stocks Tobacco Security Trust Co Ltd— Amer dep rets ord regis Amer 10% 27 700 4,000 1 11% 7% >. 17% May -3%iJun 14% 4 Apr ,v . ; 27% • Inc Jan 4% Mar Oct 37 ' Nov 10 A' 1%- Apr 15%'Jan Jan 5 ■» * Jan % ) Nov 2 Va 4,700 15 % Mar 27% Jun 23% July -JO t/J r.Cf 3% 2 3Va 300 17% Jan ..Oct ■ 5% 2 Va 2 Feb May % 7% 5 - United Gas Corp common United Light & 2 1% 22 3 Va 1% Sunbeam Corp • Sun Ray Drug common— 25o Superior Portland Cement, Inc • Superior; Jool A Die Co— ,»—1 Swan Finch Oil, Corp —*—11 Oct 3 72. Oct 1 common 24% 8.600 6 Feb 7% 1 Elastic 10% Nov "l'/a • Stop & Shop Inc Chemicals 1,300 2% 52'/a 87/a May 5 % Apr 1 Stetson (J B) Co common Stinnes (Hugo) Corp & Co Nov 10 23 17% Aug 800 3 Oct ■ 6% 300 22 " 3 May 2% May 122 3% 2'A 67'A 1 Jan Feb 1,200 2% 67 % 1 102 1,200 2% "2% • 1% 11% May 30% Nov 700 67'A 1 • 37/a Jun 19% Feb Nov 1 Va Mar 80 1 Steel Co of Canada-: Stein (A) & Co common 2% Mar 16 1,800 1% lVa • 13 Feb 28% 28% —-1 - Products 400 16 10 B Standard Tube class B Starrett (The) Corp_ (S) ~2% "2% 16% 1 com 4%. Jan -• 19% Mar 20 Standard-Thomson Corp Stroock — 1 convertible preferred Standard class - 10 Corp warrants 19% 25% Feb 10% July 48% Jun Feb 100 United 18% 36 900 United 9% 18% 29% July 29 Va Jan % United 800 Nov Mar 8% 2.75 preferred Oct 7% 400 1,100 May F*Jl> 8% Convertible Apr 7% 41% May 28 % Apr Nov Amer (new)— Jan Nov United NJ St Lawrence Corp 1st conv pfd 31% 35% 47 "•<■ Jun 4 % 43 200 Oct 2% 11% » Jan 18 400 Jan 600 33 % 200 Nov 10 May 3 7 1,800 4 % 10% May 6% jury v. 4 Va 17 5% Oct Nov 2% 1,800 4% % 3 Oct Aug 4% % 1,400 ~5Va 2,500 • 7% 5% 19% • 34% Aug * Spencer Shoe Corp 200 3% .In Stahl-Meyer Inc Standard Brewing Co Standard Cap & Seal common 4% ~4.% 37% Aug 8% May 224 230 -25 Union Gas of Canada Union Investment Co 23 8%4 Nov Jan Jun May 6% Mar 100 25 x 17 % 14 V* 11% Jan - 1 25 2% May" 85 4% 4% Nov Apr Nov 35 10 'n Royalty Co 32% 1 Apr 4'A 400 7% 1 den Realization Corp Unexcelled Chemical Corp 10 800 Xl2'/a Jun 108% Apr 22% May 11% 12.50 preferred 700 20% 1,600 13 18% 1 preference— 9% 20% 100 Edison— 4% May 250 1.25 Jan July 76 Nov 104 1 preference 8% 7 54 10 4 % —1 common 17 1,900 105 % 105 % 20 20 20 1 — Southern Pipe Line Southland % May 100 * preferred conv Jun 1 20 Va * preferred cum 4 15% Oct 20 Va • Pipe Line original 4.88 % Nov Nov x2% Canada————• California Feb % 10 % Mar x2% Ltd 4% 7 1% Jun -J 25 Manufacturing Co Corp Manufacturing common South Coast Corp common Southern 85 87% Jun 5% Jan Nov 700 Soontonc Oil Feb 2Va • Boss South Penn Feb 75% Mar 26% July 5% Jan Nov Nov Jun £1 • Russeks Fifth Ave common Ryan Aeronautical Co Ryan Consolidated Petroleum Ryerson A Haynes common 3% Is,a :T8 18% 10 (The) Corp common Royalite Oil Co Ltd * ■ 300 5Va 5 Rowe \ 14% Mar 1 Va 5% Co— c Roeser & Pendleton Inc Rolls Royce Ltd— Amer J 54 , 27 Rochester Gas A Elec 4% pfd F Roosevelt • 34 54' 1 Valley Gas v % ' 150 27 Va -1 Engineering Dry Goods— Grande 47,300 * A 152 Mar 25% 25% 21 (Texas Corp) , 1 18 1 6.25 Richmond Radiator Rio 1% ■!( 17% ~1 5 Bit Co (Robert) A Reliance Electric Stlx common A Co Rels Rice 3A 10 A Rath Packing Co common : 10 Raymond Concrete Pile common • 53 convertible Dreferred————-* Raytheon Regal x96 Nov Feb R option warrants Railway A Light Securities— Used 8% Mar 139% 12 Aadlo-Kelth-Orpheum 13% 74 Technicolor Quebee Power Co 1,350 Aug 11% July 6% Sep 50 2% Nov IV# Mar 10,300 July 21% 10 Nov 15% 17% '*■ GOO 12% 3 7% Nov 8% Jun 75 1 16 1% 150 3 Oct 2% § Solar 211 Mar Feb 2,200 2% -100 Solar Aircraft Co Jan 6 9% Jan 29% Jun 17 10 B July 11% May Aug 37 Va 1 America Nevada Jan 65% 5 • common Jan Jun Jun 5% Jan 11% Jun 12% common Breweries Common X103 25o common of Canada common 1st preferred Feb 2 50 50 Feb 6,900 24 2 |'« 1 Jan 6% Oct 70 3% Mar 8% 900 "2% 24 2 8% Mar % shares 1 Feb 19% 1% -Simtnons-Boardraan Publications— 53 convertible preferred • Simplicity Pattern common 1 Simpson's Ltd class B Singer Manufacturing Co 100 Singer Manufacturing Co Ltd— Amer dep rets ord regis £ 1 Sioux City Gas & Elec Co— 3.90 f* preferred 100 Smith (Howard) Paper Mills • May 6% May 54 Va Nov 48 100 Oct Nov Jun x2% Corp of America class A Side's Jun 26% 8% 6% 4% 108% Nov Mar 3% 1,500 ' 4% ~7 39 400 54% 11 4% 650 3%: • • 99% 1,000 41% 11 2.60 50 5 40% 49 15% 1 Stlex Co common-——*——, " 41 2.50 Mining Co— 2% 22% • Shoe Aug 400 600 16 1 preferred 4% Jun - 3 common— Co Mar 101 • Pleasant Valley Wine Co—*—* Pneumatic Scale Pyle-National Pyrene 29 180 — • - 55 300 9% 18% 1 Pltney-Bowes Inc Pittsburgh Bess A Lake Erie RR Pittsburgh A Lake Erie Pittsburgh Metallurgical common Service 30% 104% 30% Apr 17% 25 . Pioneer Gold Mines Ltd Piper Aircraft Corp common Public 36 3% 2 Governor common Plnchln Johnson Ltd Amer Prosperity Co class Providence Gas 10% May 80 Pierce Producers Corp of Feb Jun 23% 1 Philadelphia Co common Phillips Packing Co of 6% 32% 3% 1 Inc 300 1,200 * common Metals 7% 34 Vs 104 1 (Mass) Perfect Circle Corp Pharis Tire A Rubber A Jan Aug May 9% Light V/»% pfd Pratt 17 Va 12% Mar — Traffic Co Pressed Sep 91 30% sh Pep Boys (The) Peppercll Mfg Co Prentlce-Hall 13 23 common Alexander Jan 7% • Penn Water A Power Co A 25 Fab Jun 15% 5 Sherwin-Williams of Jan 7% 3% 1% Shawinigan Water & Power Sbeller Mfg Co 14% Nov 300 Nov 15% Jun 15 100 8%. 1% 25 Corp common Control Sherwin-Williams Oct 200 2%, 1 39% Jua 9% Oct Feb 1% 15% 8 109% July 22 15% Shattuck Denn Mining 33 3 4 33% 104% & Reel Power Corp % 34 Feb 1% 1 NOV 48 Feb 10% 1 2 Va 14'/a 20% 20% • Penn Gas A; Elec class A common Penn Power & Polaris 5 rJB • Penn-Dixie Cement warrants Powdrell 30 1,900 • $1 cumulative preferred Penn 200 9% 9'A pfd—.—100 Plymouth Mills Ltd—— Corp 35 % 33 25 Corp Peninsular Telephone Pennroad Nov Feb 12% 5 Parkersburg Rig Patchogue 101 • Co Pen 80 93/a 25 c Amer Jan 20% common Pantapec Oil (CA) 33 1 preferred Pancoastal Oil (CA) Paramount 300 1 Pacific Can Co common Pacific Gas & Elec 6 % 1st pfd 5% to 1st preferred Power & Light 5% Pacific Public Service com 51.30 1st preferred 39 Va 36 1 Va -• O'okiep Copper Co Ltd Amer shares Oversea*. Securities Pacific 4,100 35 1 Oliver United Filters class B Omar Inc 1% 37'/a —100 Gas Pacific 1% 102% 103 Va • common preferred Natural Poindexter B Radio Safety 27 600 1 Inc B) (R High 1,100 19% * stock Convertible Low 28% 1% common 55.50 prior stook Allotment certificates " 13% Inc Sep 9% Oct 13% Oct Feb Industries Rang* Since January 1 High 28 * Jail 103 Nov 28% 1 Bros Inc Seeman Low 18% Serrlck Corp class B Seton Leather common 1% Shares „25 Sep Nov Jun O Ogden for Week common Securities Corp General Sentry Ohio Co Mar 7% 2,400 • Manufacturing Scullln May 21% May 97 14,600 Scovill Sales Range of Prices Par 4 2Vb 200 101 Va 101 % 8 "4 10% Jun Week's Last Sato Prlee Exchange 48 89 1 Curb Oct 15 10 York New Mar 1% Te 16 1 Co 1% May Oct Feb 33 % Mar 200 41 G% • Oil— Texas RR 41 26 High % Mar 2,900 • Airlines Penn 7% 2,400 * Class B common North American Utility Northeast A NOVEMBER Friday Low % Monday, November 29, 1948 EXCHANGE ENDED Range Sine* January 1 High 7% 7% CURB WEEK CHRONICLE STOCKS— Share* % V8 Light <fc Power common—1 American North Low 5 FINANCIAL Sale* for Week Rang* " New FOR & 13% 13% 14% 1,200 l* 11% Feb 3% 3Va 3% 1,500 1% 70% Feb 19% May 5Va May Feb 86 1 413A 13 3% Jan July Jun May Volume & COMMERCIAL THE Number 4755 168 RANGE WEEK FOR ENDED NOVEMBER 26 1 York New Rubber Reclaiming Co U S United Stores . 1% Universal Consolidated Oil new com.-10 Universal 1% 134 200 13b 2 34 2% 3,300 234 35 200 36 36 36 Universal Products Co common -10 Utah-Idaho —5 Sugar 34 2% 2234 400 2 Oct Kansas Electric Power 334s Jan McCord 3% Corp deb 434s Valley RR— Midland 22% May Extended at 434s England Power 3%s N Y Si & Light 1 Yalspar Corp common $4 convertible preferred Venezuela Syndicate "5'/a 6 1 : Nov ~6 34 98 Jan 1034 534 Jun 2% 3 1,300 234 Nov 13% 14 300 12 V« July 2y« Ohio Jan Feb 534 6,700 10 Sep 534 1,300 x6 67 20c • Inc Vogt Manufacturing 5% 5 Petroleum Venezuelan 5% 1st mtge Jun mtge 334s- 1st 3s. Park Lexington Hydro-Electric A6%s ex Oct W $2 , Watch 8'/2 8% 2% 3 $6 preferred (Wm) Whitman Wickes (The) 4% 1 % 400 7% 6 Nov 234 Mar 900 600 156 156 * i4'M» ; Apr 34 Products Wlllson Brothers Wilson Woodall Industries Feb 234 May 10 May 11334 Apr 140 Feb 161 6 10 May 2934 July 40 34 July 2534 Jan "100 14 Oct Oct 18 34 1st Jan ' 500 200 Feb 6% % 6 50 10 11% 14 15% 50 24% 25% 200 17 60 95 Jan 1034 1034 1034 19 1934 ... «*««.•• mm** ■ A 7% 634 xl% 28% Oct 1 1947 coupoi A 6 34 s ex Aug Period Exchange Jan Unitsd Electric Co of N J 4s_ Oct Unlted 934 1960 —1998 1970 A 7s ex Dec Jan Boston —— — Steel Edison 63 234s Af-N 9934 10 9934 1. 9234 20% 20% 1 16 30% 20% 7 2034 2034 4 16% 30 — 27 107 J-D 15 104 1060 J-D ' A-O 10334 10334 10434 38 103 10534 106 34 106% 198 1104 J-D • . , York — - 98 % "" A-O 102 19 9834 98% u-m 10434 A-O 11134 .106% "497% 101 or 100% 5 96% 10334 109 111% 115 11134 111% May Finland Residential Mtge 5s stamped J-J M-f A 7s (July 1941 , (Peru) City J-D 103% 112% (issue of Oct. 10034 102% ■ '• -■ 60% 60% 60% J-J ' 102% ARussian 61 1 ' 103% 56 A 60% 105 3 103% 32% 33 15 17% 30 32 52 17 32 3534 3534 17% Government 5 34s 35% 106% J-D 31% m• °VftSS'l ' F-A ■ ' ' 7—*. 30% ' ' 1634 32 A Bonds 5 17% 34% 5 17% 31 Ikk-J/ilnlf. - 30 / .30 —. , 33 ' J-J Uve ; ; /-J 6334 6134 62 194 5534 65% 70 62% 31 75 $68 High 61 39% 58 1 36 . — — . $534 $12% — 64% 60 . 5 "6 13 7S ;■ 8 12 li 1 84 30 1 31 39% 42% 44 42 44% 22 25 62 81 20 27 13% 15% 5 10 2A 2% 265 2 334 2'/a 3 2% 334 u' , ' 32% $4134 A-O $4134 J-D $25 J-D $62 65 J-J 226% 28 J-J 14% 1434 J-D 23 23 .. " U-3 J-J 2 3b 2 2 3b • d Jte-interest. *I*-*tock dir hKx- "coav!" convertible* "wt" 75 Transaefctoa tor Mth Ex-liquidating dividend. . . . week. ransei sales being transacted during current bid and asked prices; no ij^ded flat. 12 32 33 32 I," 5 No. m 24% ll eOdd4ot 33 Low 81% 32% 1919 1921 6%s Range Since January 1 Sold Low* High •No par value a Deferred delivery transaction (not included in year's range). transaction (not included year's range) fEx-distribution. principal. n Under-the-rule transaction (not included in year n t (not included in year's range), x Ex-dividend, y Ex-rights, z 33 105 M-f 98% 104 Bonds Friday's Bid A Asked $69 — M-m stamped (Plan A) 2%s 2008 (Republic of) — Is to 234s (ser ABODE) 1997 Rio de Janeiro stamped (Plan A) Interest reduced to 2% 2012 38 50 103% 120 - — . , 24% Interest reduced to tl02% ^<7 ' J-D Parana 31 24 26 1101% 103 ' , M-f 1947 1947 1931 1973 1927) AMortgage Bank of Chile 6s Mortgage Bank of Denmark 5s A 7s 4634 110 50 J-J 1957 . 65 97% 1112% M-f 1952 1952 coupon) Interstate Power Co— ADebenture escrow ctfs M-f Peru 1957 , (Aug 1941 coupon) series F J-J 1458 Mortgage Bank of Bogota— A 7s (issue of May 1927) 112 1981 1958 Power 334s 55% 99 124 Indianapolis Power Si Lt 334s 1978 International Power Sec— A 634s series C 1951 A634s (Dec 1 1941 coup)——1955 A 7s 98% , 108% ... F-A 6%s stamped_1950 (Plan A) 234s 2008 AMedellin 7s stamped 1951 4.; ,.. 1950 4s Guantanamo & Western 6s A 7s i 1981 1 A7s series E / — $32 — M-JV 1952 Maranhao stamped <39% 42% 141 Bank—• Grand Trunk Western Ry Green Mountain '■V 108 102% . 103 61 61 J-D Interest reduced to 61 61 -61 M-m —— . 161 A-O —lf®6 Danzig Port Si Waterways— AExternal 6%» stamped-.;* > Delaware Lack & . 106 117 u-~.. : — 88 Week's Rang* Last Sale Priee J-J Loan— External 5s , ALima Western RR— Lackawanna of N J Division— 1st mtge 4s ser A 1991 A 1st mtge 4s ser B—— 1992 Rastern Gas St Fuel 334s 1988 Rlmira Water Lt & RR 5s 1958 Creole Marelli Elec Mfg Co— A 634s with Nov 1 1940 coupon—1958 r A634s ex Nov 1 1947 coupon 1951 27% 72 1 34 10734 1100 : Period 104F Danish Cons Municipal External 5%s 8834 16 103 34 105 103% 3 83 1119% ; Interest Exchange Curb Valley 7s ACauca 107 34 78 107 9734 9734',, J-J 105 34 14 8534 84% ■ — U08 ■ F-A Agricultural Mortgage Bank (Col) — A 20-year 7s April 1946 A20-year 7s Jan 1947 Bogota (see Mortgage Bank of) 106 . — ' Traction New 99% 82% 10434 105 8434 * 101 IS < Foreign Governments & Municipalities 97 9034 106 34 LL -. • 28 83 M-M Friday 10434' J-J 77 112 Electric 5s. 5s •' 10134 $24% —1958 A-O 3i 10 14. '' Hotel— BONDS M-3 Jf-Q r 75 63 38 33% U01 1058 Penn 10234 M-S — 114%. 122 64 $12 Penn 168 81 11 9034 J-J 1948 1954 Cities Service 5s Jan 1966 Debenture 5s 1958 Debenture 5s 1969 Debenture 3s__ 1977 Consol Gas El Lt & Pwr (Bait) — vv 1st ref mtge 3s ser P_„ —I960 lit ref mtge 234s ser Q__ 1978 "Mst ref 234s series R —1981 234s conv debs__, ... 1962 Consolidated Gas (Bait City) — Gen mtge 434s 1954 (20% redeemed) A534s (20% redeemed) A5s , ' •; 105% 104 123 • 8734 ~ 20% V 111 98% 85% 96% 10634 155 4i ICentral States Electric Corp— 101 •10034 99% 64 35% 2030 10734 108% 3 165 9934 100 10034 10434 2120 J-D 1984 10334 103% 10834 10834 $155 Q-F J-D 101 105% 104 % . 1940 coupoi 1947 coupon- 1 108 96 1105 34 106 J-J 1053/4 101 101% High 102% 2 35 97 34 97% Low No. 97% 9934 10134 J-D 5s series C Bethlehem J-J 103 1 __ Range Since January 1 Sold 34 105 34 105 J-D 105% 298% •' Electric Service Co— with Dec 1 214 May Nov High 101% 101% 43 299 .• A-O 1948 22% Bends Bid A Asked Sale Price 114 97% 10434 104 32 J-J ____1064 Friday v; Week's Range or Friday's Last Low Appalachian Elec Power 334s— 1970 Associated Electric 434s ——1953 Assoc Tel & Tel deb 5 34s A .1955 Atlantic City Electric 3 34S— 1964 Bell Telephone of Canada— 101 113 115 2104% -.1958 14 Nov 1% 6,100 ' -.1941 1959 Curb 103% 99% — 104 % 104% 104% • M-Jf Western Newspaper Union- New York 160 98 103% 104 % 104% Hydro-Electric Co— A634-S with Aug 1 1940 coui on—1958 A 7s ! - West Interest 149 1 2113 / A-O A-O __194S Industries— stamped 2nd Feb 13 M-f J-J West BONDS 24 151 2 9 9 34 Ternl May £1 T% 34 2101 (Hugo) A7-4s Waldorf-Astoria ...» Wright Hargreaves Ltd 19 26 10134,101% .< F-A —1066 (Hugo) Corp— ' 7-4s 3rd stamped- Btlnnes 102% July (F W) • 106 149 150 J-J —-i_19St —.1888 5s— Nov 9% 100 600 ,, • Jan 19 Feb 98 15% A.'— ' 92% 103% 103 7% May Feb Jan 9734 I 82 % 103% Btlnnes 12% Mar Feb 10 24^4 5s 94% 224% F-A A-O 334s„—10T6 AStarrett Corp inc 5s 5s collateral trust— May ,11 Nov Gas & Elec Spalding (A G) Jun 24% 17% Mar ■ —10T1 mtge 3s Southwestern 1634 Jan 98 1 108 10334 1041/4 104V4 M-M A-O 1971 ... —— 1973 Bouthern California Gas 334s-——1076 Bouthern Counties Gas (Calif) — Jun 3% 2 Inc 10134 291% ,, A-O 1st & ref M 3s ser B Mar 100 series A 3 34s % Mar 1 Ltd— American deposit receipts t% preference Woolworth 10 6 25 5% preferred w w___ •,'/ Winnipeg Elec common Wisconsin Pwr Si Lt 4 % % pfd—IIIlOO 104 104% 100 2104% 1051/4 SS-1911'" '••/.'M-Jf Joaquin Lt St Pow 6s B—,—1952 inc mtge 3s :—_'_1951 ' Bouthern California Edison 3s—-1961 33 20 X9% .... Woodley Petroleum 2101 J-J Bcullin Steel 20 : 14 % * 20 —III Inc common— 101% 105% 105% 212 Ban 734 July Jan lMi 2% .1 107% 10734 ' 25 2034 • 106 104 2102 % 104 - 1981 634s series A 125 3634 .-'I.. 1023/4 10434 10434 2106 67 58 62 Electric— Safe Harbor Water Power Corp ; 25 35 » Corp & Co^ 1033% 104'% J-J J-D J-J -1991 debs Jan 634 Mar 10 2034 ....10 (R C) Williams 6% 50-year Queens Borough Gas & 1 Wichita River Oil Corp 1013/a 62 Jan 13 112 —1 1 Si Co 234 Apr 2% 3,800 1% 1st pfd—100 Western Tablet Si Stationery com • Westmoreland Coal. 20 Westmoreland Inc— 10 Weyenberg Shoe Mfg_ 210134 103% 62 Co— 1 1.25 • Maryland Ry 1% Western July 8% Mar 7% 7% 1 Manufacturing 1134 July 11034 Feb 900 9% 2% 41/4 Corp— Aircraft Warner Wentworth 109 V4 - Ward Baking Co warrants West Texas Utilities Feb 1% 1 Co„ Nov 106 30 preferred cum 334 May 1V4 8 200 IV2 Wagner Baking voting trust etfs ext.* 1% preferred .. —100 Waltt & Bend Inc 1 Waltham 107 Public Service Elec & Gas Co— 134 1 34 • $108 34 109 1947 coupon—1960 1 25 104% J-D A-O A-O 1940 coupon—1966 A6%s with Oct 1 17 1534 104% M-M ' 1078 334s 28% 16 15% $103 A-O Jf-C . High 20 28 15% 15% /-J J-D J-J /-A 1904 3%s_1964 3s 1st mtge Pennsylvania Water & Power 1534 May Piedmont Waco Aircraft Co 4s Westchester Ltg Power Low No. ' 1961 1967 1961 2004 1968 -1071 to 4% New Milwaukee Gas Range Since January 1, Sold 3" 19 1986 1980 1956 334s— Kansas Power & Light Bonds High 224% - 1961 Jan Nov 19% Mar -1952 1952 1940 coupon 1 1947 coupon 1 Nov ex 29 Nov 234 3,500 22% 2% A7s 23% 22 % 200 27 24 24 • Utah Power & Light common A7s with Nov Altalian Superpower 6s July 45 1934 Mar -10 Insurance Jan 3% May Nov Hydro-Electric Co— Isarco Sep 3 Apr Sep . Lota 8% Nov 2% • 1 -50c Corp com Bid & Asked Friday High Low 6 1.600 6% 6 6 —1 ; common Week's Rang* or Friday's •ale Prise Exchange Curb York New Bangs States January I High Low Par S Radiator U Shares •f Prices •ale Prlee Exchange Curb Last Perfed BONDS fer Week Range Last Interest Bales Week's Friday STOCKS— 33 EXCHANGE CURB YORK NEW (2253) CHRONICLE FINANCIAL •then issued; ■" wrtlfluutm of deposit; "eons," consolldsted; "cum," cumulo"M."mortf »«»T vB^non-'otln» Jtock; "v t e," voting trust oertiflctee;' "ww," with warrants; warrant*. Stock and Bond Averages Below listed on are the daily closing averages of representative stocks and bonds by Dow, Jones & Co. the New York Stock Exchange as compiled -Bonds- -Stocks- 10 10 30 20 Indus¬ Rail¬ 15 Util¬ trials Date— roads ities Second 10 65 Indus¬ Grade Grade Util¬ Stocks trials Rails Ralls ities Total 10 First Total 40 Bonds 177.42 55.15 33.15 65.07 100.75 102.00 89.74 98.54 20— 101.66 Nov. 54.48 33.28 64.68 101.02 101.90 89 89 98.61 22— 176.33 101.62 Nov. 176.17 54.45 33.16 64.60 100.62 101.81 89.89 98.55 23—_ 101.59 Nov. 24 173.40 53.10 33.04 63.56 100.85 101.20 89.59 101.64 98.32 Nov. 32.95 *63.46 100.89 89.73 101.59 ——_ Nov. 25— Nov. "The the 10% — * 173.16 Averages are 13.3; Utilities, 53.08 Holiday 100.80 of the 30 Industrial stocks and for the 65-stock dividend of National Steel Corp. averages stock — Holiday 26— 15; Composite average, computed by dividing total prices by the following: Composite, 47. • now 98.25 allow for Industrials, 10.14; Rails, V- i 34 ' (2254) THE COMMERCIAL & FINANCIAL OTHER STOCK Baltimore Stock Week's Range Sale Price of Prices 5% 1st preferred Low • 13% • Fidelity & Deposit Co— ' Friday ' Low 270 3.60 147 17 20 18 161 ~ Range Since January 1 High 14% 2 16% Mar 12 31 138 Humphreys Mfg ...10 Mount Vernon-Woodberry Mills— 6.75% New Amsterdam Fidelity 8 Western 23 Apr Common 100 20 Deere Jan Co & Dodge 161% Nov Apr 25 25 40 105 33 28% 28% 48% 159 42%, 12 — 48 __20 Co 4s 1975 49 49 49 1975 _ — 52 52 50 Corp Credli * 28 July 106, Jan Four-Wheel Drive Mills (The) Corp of America Feb 30% Oct Fox 52% Jun 45% July General Finance Corp common General Motors Corp common (Peter) Jun 68 Jun Refrigerator Gillette Jan Great Safety Lakes Jan 77 Heiir Exchange Co Razor Dr STOCKS— for Week Sale Price Sugar Refining; American Tel of Prices American Woolen Anaconda Low Copper Bird Son A Boston ft 100 Tel ft 150% .* 1% ft 100 Providence 2,791 36% Nov 39% 97% 150 Feb 13 31% 200 28 Feb 143% 600 14% Nov 38% May 18% May Brick Co Pneumatic Products Tool 19% Feb 150 5% Sep 8% 1 Nov 2% Maty 147% Mar 158% International Jun Harvester common.* new 34% Nov 57 30% Feb 407/a Jun Katz Drug Co common ; Kellogg Switchboard commoni 19 100 Feb 21% Jun La 5 193 Mar 127% Oct Leath & Co common. 37 37% 17'A 115 2,524 363/4 Feb Salle Ext Univ Cumulative 43% May 1 common... McNeil & Libby 19% 20 325 20% 19% 21 560 18% Sep 21% 19% Nov 28 32 Feb Marshall Field & Co 51% Aug common common Mickelberry's Food 40 40 41 360 Middle West Corp Ex-distribution 15% 15 63% 65 53/8 3% 15 13% Feb 18 34 250 Feb 74 5% 5% 137 53% Nov 40% 443/8 155 313/4 Feb Miller & Jun , $1 Sep Hart : Inc — 3 66% • Assoc. 20 _* ... 3 100 2% Feb Sep 66 1. Stores * Corp 66% 25 60% RR 43 37% 1,181 32 32% 13% 32 553/8 * common 100 Mfg Sep 79% May Pressure National 4 Standard 49 % Mar 38.90 Feb 5934 July 46.33 Jun 570 28 Feb 39 Vb May 573/4 430 42% Feb 60% 14 380 123% Nov 16 Mar Sep 12% Oct American Cos Parker Cooker Pen 8 3/4 Peonies Potter Gas Co 6% Feb 17 31% Feb It 50 41% Mar 54 Jan 575 Sep 13% Jun Nov 215% 5 4c Jun Sears Roth 15% 16 25c 27c 8'/a 7% 80% 82 32c 25C 35c 50 16% 7% 14% 8% % 1,100 25c 3,164 400 7,600 July 7% Nov Nov 96 25c Nov 85c 17% 351 16% Feb 6% 6% 1,000 3% Feb 5% 270 4% Nov 25 13% Feb ~5% 2.50 » 4% 15 13% • com 15 15% 11% • 343/4 12 34% 35% 34 Jan May Apr 22 % 6% Nov 7%. Mar 163/s Sep 170 11% Mar —25 —25 Co St RR Lt Louis Nat Corp Coke & •Standard 24 36 May Stone May ft Co Lathe Nov 42 48% Feb Nov 62% 38% 79 38 Sep 40 42% 214 38% 24 24% 314 24 Jan Works % Apr Thor Feb 49 % Jun 208 Nov 33% ft Corp Week's common capital common common Belden Mfg Co common Berghoff Brewing Corp. Binks Mfg Co capital Bruce Co (E Bros Centra! HI ft S Secur W J) capital (new) Chrysler Corp Service Coleman (The) Co common see 26% Jun 1585/8 jun 5% 5% 3 3% 6% 7 1,100 1,950 100 550 1,300 14 Nov 1% Nov 15 May 2'% May 4% Nov 8 Jan 3 Nov 4% Apr 4% Feb 7%- Oct 34 50 30 Aug 40 14 15 1,050 14 Nov 20% 7% 8% 600 7% 14% 400 9'% Mar 15'% 10% "9% 1 103% 300 9% Apr 55'% 100 45% Feb 46 46 100 46 21 46 « uo 21 150 21 10 300 9% 1% 1% 9% Jan 12 10% 10% 62 Apr 34 Jun 15% Jun 1% Feb Feb 900 170,800 900 64% 64% 50 8'% Feb 1/128 Nov 9% 64% Sep 66% July Nov 10'% 32 Nov Nov 100 9% 13% May Nov 500 11% Apr 15 Feb Feb 30 May 643 4 May 56 300 48% Nov 11% 260 10% Nov 150 32% Mar 37% 31 26 35 22'% 17 50 100 8% 15 Feb Jan May 24'/8 Nov 150 May 19 Jun 7% Mar 1,150 18'% 16% Nov Mar 19'% 20 10 May 17% Nov 2,950 6% Jan 10 400 19% Oct 24% May 16% 300 16% Nov 22 % 8,600 % Nov 8% 16% % 5 •'< 5 27 50 27'% 4% 50 27 32% May 113 Feb Feb May Oct 6% July Nov 31 Jan July 1"* < 30 31% 200 30 Jan 35 29 29'% 150 27% Feb 34% May 11% 11% 100 11 Nov 15 Jan 39% 40'% 1,000 32 Feb 43 Nov Mar 2G3/4 600 26 13% 13% 150 113/4 Feb 1414 July 21% 22% 2,700 15V» Feb 32 Jun 24% 25 150 24% Nov 29 Aug 14 Mav 8% 20 new 8% 2% 234 393/8 39% 40% 13'% 12% 13% 35 35 35 113% 10% 11% , 1 6% com stock.. 25 29% La S Air Steel 25 34% July 400 7% Mar 300 - - 2'% Mar 900 7 3% Jun x37% 53 12% 200 Feb Nov 16% May Jun 150 x6% Oct 9% 150 27% Mar 36% 10 13 2,650 Nov Jan Sep July 29% 30'% 800 29% Sep 36% 54»% 54% 100 52% Feb 66% Jan St Lines 16 16% 503 16 Feb 21% Jan 22'% 22 22% 350 20% Nov 37 Jan • .. 44 44'% 120 44 Mar 48 38 Corp. capital 37% 38% 800 37% Nov 43 (new) Inc 10 93% 93% 100 • 71% 72% 500 common Inc Indust common Unlisted 2 capital Radiator Anaconda Copper Steel & St 10 14% 14% — 1 86% Nov 33% JUn 13% Mar Feb 11% Jan 10 50 200 18% May 10 Nov 14 Jan 12% July 16% Get 2% 100 6% 1,800 6% Oct 153% 300 12% Feb 167/a May — 35 35 200 30% Feb 41 .....10 j._ 25 25 100 25 Nov 32% May .100 __ Bethlehem Steel 92% Mar 118% Aug 50 .1 common Pacific Certato-teed Ry new Co 1 System Inc (The) — ", 6% — * • 25 Products Gas 9 com Mining Corp 2% 6% 15'% 1 San Atchison Topeka & Santa* Fe Columbia 10 ' Oct 18% May Oct Mar 24 2,600 1.000 Nov 68 250 10% 934 Jan " Stocks— American Canadian 15'% 10% — —* Alleghany Corp American Air Lines, Inc.: Armco 24% 14% 10'% — • common 24 .. common Bankshares Jun 16 2 common Salle — ._5 - Continental Motors • 1 12% — ■ — 23% 34 - 2% Mar 4% May 9% Jun May 400 30% Feb 39% Oct 12% 13% 300 12% Nov 18% Jun 12% 12% 200 12% Nov 11% 1,600 10% Feb 19% May 143% Jun 7% 300 6% Feb 10'/a 1,200 4% Jan 12% July 10% July 11 7% _ Nov Jun 23% May 15% Jun 12 Nov 32 Nov 14% May 66 Curtlss-Wright Farnsworth General ... — Television 8 Electric & Radio Co • 7% 7% 7% —1 5% Mar Jun • 363% 36% 37% 800 31"% Mar 42 General Public Utility Corp Graham-Paige Motors 5 11% 11 11% 1,400 11 Nov 1 3 14% July Laclede 4 .1 . Gas Light Nash-Kelvtnator Corp New York-Central RR North American 5 capital • 2% new com Pepsi-Cola Co 65% 73 268 65'% Oct 80 Jan Pullman 51% 52% 1,000 51% Nov 65% Jun Pure 40 443% 40!) 32 Feb 27 63% Jun Radio 27 50 23 Aug 39 Jan Radio-Kelth-Orpheum Inc Co Corp 1 33% 77 Oil (The) — 3 3 300 3 Nov 534 5% 500 4% Feb S% May 15% 15% 200 13 13 100 common America- : common • • 1 14% Mar 12% Feb 14% Mar 4% ... — 7% 4'% 8% 21 7% 4% 8% .1,800 100 21 200 9 1,800 • j of — % May 5'% 10 Packard Motor Car Pan Amer Airways Corp Paramount Pictures Inc Nov • Co 51% 401/* 12% 22 13'% Nov 55 % ___♦ loO 150 _ Mar 14% g45/8 42. 7% 34 2% page Nov Mar 9% Co Inc footnotes 17 148 6% _ For 150 800 1/128 common 6.% May 12%. May 151% 151% 1% 50c common Nov 12 8 IIIIII• common (new) Co Feb — preferred.., Chicago Towel Cities 9 % 2% Rights w i.__. Chicago Corp common. Convertible 350. High .19-% 17% 3 10 Corp Feb 10 preferred Util 33% __5 common Convertible Cent 200 Hi com Li 5% ___h common Low Feb 1% Jan Oct 24% 25 - Range Since January 1 7% 7% 12% 34 ' * Tool Yates-Amer Mach Shares 700 p/ 10 Corp for Week 18'% ——II3 133% 26 5 capital : South Woodall High 7% _3 . Manufacturing Corp 7% Mar 21'% __ 2 . common— capital Coip Wisconsin 5% 4 600 Jan Jan 9 2.1% • Westlnghouse Electric & Mfg com..12'% 11% Ii 11 17'% 39'% • (The) Wieboldt Stores Sales 17% II Nov Jun 17 5 Asbestos Mfg Co common Athey Products Corp capital Co Low capital——loo 6 8% 1—0 common Mach Co Co Texas 51% * 200 17 xll% . • . Ind of Container Swift Apr 177% • 15% 6 58 % May 48 Range. 1 13 Feb — capital., common Dredging Sunbeam 550 of Prices .315 Aug 29 * common... 17 % 41 34 29% May 9% 73/4 25'% 5 Stackyards capital Corp Feb 100 Mar 100 1,200 7% ' ' common.....—5 Nov 2,563 Sale Pried Par Co 22% 24 12 22% .. . , Corp 11% 513% Last Tel 600 Jan 10 16% .10 %_—1 Standard Oil 34 % 53% Friday . Jun 19% ..1 i'.'Ij. capital.. Bend 40 Chicago Stock Exchange Bearing common Allied Laboratories common 74% ]•} , Ball 44Jan 8% rights.. common. Spiegel Inc U Castings Apr 2o° 56 31' 18% 50 common. Union Carbide ft Carb common 10% 10% 20 capital Shellmar Prod Corp common.. Slgnode Steel Strap common Sinclair Oil Corp United Advanced Aluminum Nov 8% 25 Cummings Trane Co (The) -12'/a STOCKS— 8% 7% May 33 .. . 25 Electric Co Roebuck 173 50% 38% 10 Electric 1,000 Feb 18% July 403/a 51% com Oct 8'% 6 May 48 Fruit Co Shoe Machinery preferred 49% 54'% — __5 r Sundstrand Drill. Uhlted 19% Nov 13% ... 1 common Stewart-Warner Inc Tor ring ton Co Nov 38% Apr 12% 79 16% 25 Suburban Elec Securities 12% 20 25 11'% • 139 80'/a Association 250 200 10% — 20 common Packing common South Pennsylvania RR- 63% 13% 38% 6 — 10 common.....;.— (The) Schwitzer 100 Quincy Mining Co.: Rexall Drug Co Butler Jan 11% July 11% — —* Sep 46 10 25c 2.50 Car Co Pennsylvania 20 20 Mining <E Jun 14% Jan 10 — com—2 new common Coal Co common prior preferred... 5% 100 * 15 % 1 n Corp 34% Nov — 10 — Manufacturing Sangamo 10 5 England Electric System New England Tel & Tel Sons Sep 7% 8% 8'% 11 Peabody 42% May 62 46 1 New & 26% 23% .——_l_.,—..-*■ common . Assn Nash-Kelvinatcr (George W) 300 50 6% 11% vtc common prior preferred Modine Jun 31% Mar 12% * * 134 20 62 100 Mergenthaler Linotype 8 36% 25 'preferred 650 31 57% 373/8 * , 20 31 43 • Copper X19% 54% l ^ Electric Narragansett Racing Borg Jan 300 8% May 64% National 3 100 Loew's Boston Theatre— Brach 23% Mar 12% __ «. Montgomery Ward & Co— 100 Gillette Safety Razor Co... Borg-Warner 16'/a May 38% > • Oak Bastian-Blessing 40 27% 53 5 Oct Avco Jan 9'% Feb 7% 8% 1—1 Products. capital Jan Automatic Washer Jan x2T% Oct Mar 35 Co 64% Nov 10'% » * 26% & 27'% —> .7 common Feb Armour Sep 17 73% — —...—.—* Aug & 50% 10 Vs — __ * : preferred Lindsay Lt & Chem 19% 5 Group Tel 11 27% * July 19 American 11% May 1,250 26% Aetna Jan 5% North Corp 9 20% __ Northwest Bancorp common —* Nunn Bush Shoe common...—,.—2% Admiral 350 5'%- - — Oct Rubber 10'% 20'% 1 Oct S Sep 20'% * com common 95 Westlnghouse Jun 20 250 26% 6% 2& % 11% Sep United Jun Sep Nov 11 Aug Twist 12 18'% xl6% 11 17% Union 9% — 9'% Mar 50 » 10 capital 74 Vb Webster 150 18 550 21 16% 30 365 & 10 21 100 163 100 Eastern Steamship Lines Inc U 21 17 23 Stone 9% — xl6% 7'% 51 22 Shawmut Sep 9% 14% 17 100 Butte Oct 51 pfd adjustment—_— North May 17 5% Service Jan 7% 51 10 National 19% 65% * 84 Central Nov Nov 25 84 .5'jo 8 3% 5.34 50'% Mar 31% 1 3 100 Maine 200 Jun 16% May 9% Jan 14% — 1 cap B Kennecott 9% 110 Nov 313% 10 common.. new 8% 6% * 615 ' RR I General Capital 8ep — 1 preferred General Feb 13 350 • common 403/a 100 National 82 200 6% 50 6% First 40 133% 6'% 1,0^0 common Co 97 133% 5% 35% * preferred series A Employers Nov Oct Massachusetts Street Ry— 1st Jun 59'% 119% 120 w 100 . Prop Trust..... Common 6% J an 3% 97 - Service Eastern 10 % ' a __ Calumet & HeclaCities 34% Sep 2% Nov 133% — Warrants Libby Traveler Corp.. RR— & Nov 7% 400 53% 35 Maine Boston 34% 200 2% 57% common Indiana Steel High Railway— Personal Aug May 8'% 5% 343% 19 RR prior preferred Boston Low 1503% 151 % 343% 100 « 34 40 2% 57% common Dk Brew Inc Independent Range Since January 1 15 37% Herald Nov * Inc Stamped Boston Shares 39% — Albany Elevated Boston Illinois High 39% Boston Edison Boston 20% May 8% ' 100 ... 34% -34% 1 Werner Corp common Spencer Bartlett common Hibb Range July Sales Par American (G) Horder's Last 100 High Feb 10 Hammond Instrument Co common Week's x34% 25 97 5 10 Feb Hamlschfeger Corp Friday 25 3d 2% * Inc Auto Jan Heiieman Boston Stock 10 39'% — Brewing common™—1% Paper Flour 44.% 43 32% 3,800 Jun Jun 45 Low 26'% 39 — 1 42 $14,800 12,000 Range Since January 1 High 32% — 10 common Corp class A Jan 25 Shares 25% 25% — j. referred common Mfg Gibson Transit 5s series A (new) Low 25 22 23% 105 100 48 42% "tar .—50 common (new).. Cumulative Jan BONDS— Baltimore for Week Co- Eddy — Bank 22 105 — .—.2 Casualty & Guaranty National 22 100 preferred TJ 22 .—5 ........ — prior Sales Range of Prices ' Jan 5 Sep - Consumers High 13%, Jan 190 161% Commonwealth, Edison Domestic Common Week's Last Sale Price STOCKS— Shares 13% * Ilioo vtc U Par 3.15 " vtc NOVEMBER for Week Par common ENDED Sales Last Arundel Corporation Baltimore Transit Co WEEK Exchange Friday STOCKS— FOR Monday, November 29, 1948 EXCHANGES ' RANGE CHRONICLE 21% Jan Jun 18% July 16% Jan 4 Vi» Feb 8 % Nov 1134 May 18% Mar 26% May 7% Nov 42% July x25% Feb 5% May 23% Jan 45 Jun 29% 29% 30 200 42 11% May 11% 12 40'J 8 Feb 15 Jun 100 6% Oct 11% May ... 7% 7% OTHER STOCK Week's STOCKS— Low Par Corp Distillers Schenley Steel Standard Studebaker 600 900 5 26 3A 17 'A 73% 73% 1 13% 13% 100 —1 22% 23'A 1,300 Spring Corp common. Feb 23 Jun 69% Feb 200 Sep *7% July 32% July 14% 1,900" 16 %- 91 Jun Members New York Stock Ford Jun 29 16% Mar Oil & Co Corp. common 800 9% Feb Feb 100 11% Nov DETROIT 3% May U% 17% May WOodward 2-5525 Telephone: Detroit Stock Exchange Cincinnati Stock Exchange Sales Last Range of Prices Brewing Burger Cincinnati 4% 17 . Gas Elec & preferred —loo : ; Cincinnati Street —25 — — —50 Sub Bell Tel„ Cine & 5% Eagle-Picher — — 1 Kahn (E) Sons IITo common. preferred "Tioo u. Bank—.— Western 19% Mar 81 Jan Apr 13 Jap. 10% 50 19 Va 43% 65 y8 Davidson — Motors Edison -i_. _ 40% Feb 48 % Oct 82 Va Feb 71% Jan Frankenmuth Brewing Rolling Mill Tel — - 7'A Apr 245 Sep Fri'ars Ale Jan 8 Jan Fruehauf Trailer common..-— 7% Nov 24 Va 414 • 312 151% 151 151 common —— Chesapeake 25 Ohio & 32% 158% Mar 148 Oct Jun Nov 35% 34 % 34% 34 Va 208 , Nov , 45% Jan City & Ice ; Fuel 10 T— 40% 44% 64 32 V# Feb 65% Jun * Service Cities 27% 27% 20 26% Nov 32% Jun 10% 11%.- 408 10% Feb 14% Jun 26% 26 % 4 60 24% Feb 31% July 27% 27% 20 21 Feb 31 Va May _ _ • Columbia Dayton 10% Gas Till 7 Light... & Power — -* * Fed Department Stores , General 5 7'A —, i— — Packard Motor Car—.— . Pennsylvania RR Oil * 8% 90 7% Nov 23% 106 25% Feb 41V# May 11% 22 7% Feb 17 17 50 14% 21% 22 % 22 21% 73% 1 69% Feb 25% 90 25 Nov 10 73% ;r — v U S R 25 25 Steel , Jan Feb 23 Jun Nov 29 7l2.50 Jun 35 Va Jun 43% 10 45% 71% 90 24% 70 24% 54% May 67% Mar 24% — — Howell Electric Motors Hurd Kaiser-Frazer ■ ■ Week's Sales Last Range of Prices ; • Akron V'.' Wines Mfg Brass — T 50c Feb Nov 87% 100 (Un) American Tel & Tel ; 500 Motor Products Wheel Motor 131 al51% al5l% Electric Mfg common.—— 1 Chesapeake & Ohio— ——25 —_ Apex 3% Jun 3 20% * (Un)——,—1 147% Mar 158% Jun Manufacturing Eaton Industrial Jones 4%% Rayon 12% Feb 18 Oct 185 73 y2 Sep 81% Apr 38% 156 34% Feb 42% Oct 23% 125 23 y8 Nov 34 V2 47% 69% Oct 10 78 Feb Feb a 43 May 50% Mar 66 Nov a43 25 14 1,264 13% 29% 144 103% 103% 10 29% 29% 100 13 13 a 14 % 34% 12%. T 10 9% 9% —1 30% 4% a21 V8 —————-1 ——I 1/ class B— —„ .-* Acme 3% National Tile & Mfg-,;-., Ohio Brass Ohio Oil (Nn>._ of America (Un) Republic Steel Rickel common Refining & • (Un) Chem. Youngstown Sheet & Tube. For footnotes, see page 42. —00 18 Feb 6% 450 6 <56 125 29% Mar 39% 100 11% Nov 15 13% 546 10 Feb 15% 850 32% 62 5 500 126 Jun 9% 24% July 17 Aug 19% Oct 759 52% Feb 65% Oct 892 4% Sep 3 215 100 Nov 5% Jan 13% 13% 153 13 Nov 15% Jun 11% 785 11% Nov 18 Va Jun 6% 6% 200 6 Va Nov 8% Jun 12% 13% 1,525 12% Nov 2% 2% 110 2% Nov 8% 8% 200 8% Nov Nov 3 Oct 13 ' To 13A Jan 15 4% May 2% 150 2% 1% 400 1% Mar l7/a May 1% 1% 1% 1% 300 1% Nov 2% May 1% 1% 400 1% Aug 1% 1% 1,700 _ 1% July Jan 2 Jan 29% May 22% May 24 24 _r_5 >' 20 20 100 19% Aug 13% 14 300 13 — 2y8 May 21% 100 13% Shellcr Manufacturing Udylite Corporation —— T Sep Jan 17 3 Va Jun 5% May 21 2% 29 Feb 5 May Nov 8% Feb 12 Oct 13% 14'A 800 Feb 16% Oct 9% 390 12 6 Jan Sep DA 1 1% 9% NOV 100 6 Nov 7% 500 1% Feb 2% May 1% 900 1% Sep 2% Week's Sales Range for Week Bale Price of Prices Friday STOCKS— "v I CO Basin Oil 20c Inc—33 % 17% 17 2 1 f 6% Corp Oil Corp..—— Broadway Dept Store— Byron Jackson Co Blue Diamond Bolsa Chica Packing Investment Central ^ Derrick Co Hupp com—• 1 —50c Ltd class * 6.66% — 9% 19% 60c Oct Mascot 47 Apr Menasco 35 Jun Manufacturing Co_„— Merchants Petroleum Co—^ Monogram Pictures Corp _— 87% Oct National Cltv Lines Inc. 16% Feb 22 'A 50 7% Feb 80 22% Feb 288 41 Feb Feb May Nov 20 Mar 6% Feb 8 Aug 2,270 6% Nov 13% Jan 770 9% Nov 15 Jan 7% 7% 10 10% - 25 26 Feb 34% July a35% a35% 70 28 v Feb 38% 29 % 424 20% Mar 31% al2% al2% 52% 52% 120 13% Feb 20 Va May 275 52 Va Nov 65 V* Jun 5% 485 5% Nov 6% Sep 18% 170 12% Mar 22% 29 24% 67% Mar 13A 1% a71% 100 1% Nov 65% Feb 3% May 89% Nov National Nordon Co ---1 —.... Mallinson Fabrics Corporation Ltd — : Oct Aug 400 9% Nov 12% Jan 346 19% Nov 30 V# Jun 11 Feb 15 Oct 60c Feb 95c Jan 'A 9% 20 10 65c 950 a5% 10% 1 1 5% Mar 225 10 Jan 1,053 51 Mar 100 39 Mar 10 Nov 15% Jun 65% Nov 48% Oct 14 V# Jan 5% Aug 10 346 3% 950 13 13% 310 13 mpy 10 12 pep 18% Mar 3% Aug 4% May 2% 2% 50 10 10% 500 20c 1,500 8% 8% 530 41% 42% 20c -- 1.55 8% 14c 8% Jan 22% Oct' 17 y8 NOV Jun 34c Jun Feb Feb 15 Jan Nov 51 Apr 910 41% a24% a26% 215 20% Jan 1.20 1.25 1.300 1.10 Mar 17% a24% 17% 238 14% Jan 24% Jun 90c Jan 1.30 Apr 95c 95c 100 1% 1% IT's 478 1.15 1.15 1.35 3,200 3 1 1 ,1 1 75 U 59% a42% a43% 11% Jun all% all% — — 22% 49 19% 10 — Oil Feb Nov 900 57% Oct 16 111 21% 60c Jan 21% al8% al8% 9 Jun 3% 13 Co—33%c Jun" 50 13 50 a5% 11 57% Jade Oil Co Kaiser-Frazer Nov all% all%- 1 Corp '4__———; Jan 17% 21% Equipment Co com_5 & Jun 77% Feb 5% al2% al8% A————1 Farnsworth Tele in Radio Corp 1 Garrett Corporation (The) ———2 General Motors Corp common 10 Goodyear Tire & Rubber Co common—* Oil Exeter 28% Feb 10% 18% 29 —• , Feb 52 %c 122 a26% a26% — :——20 Industries, Inc. 21% 600 7% A: ———1 Chrysler Corp 2.50 Clary Multiplier Corp .—— • Dresser Jun 65 17% 6% 7% Certain-teed Products Corp Consolidated Liquidating Corp of America 7% al2% al2% Corp com——* Corp.—.—— 20 & Iron common High 4% Sep 3,020 55c " 55c —— Appliances Home Bendix 1,225 a20% a20% 55c Barnhart-Morrow 1 Range Since January Low 5 4% 4% Company 1 common..—-———— 10 Consol .——1 Bros Shares High Low Par Petroleum Bandinl Jan Angeles Stock Exchange 33% Jun 210 12 1% 1% 15 Jun 440 Jan 5% 333 1 Products pom.— —————10c Corp 1 Kern County Land Co 5 Lane-Wells Co 1 Lincoln Petroleum Co 10c Lockheed Aircraft Corp—— 1 43 71% 8% 1,630 6 Jan a26% Jan Jan 4 6'/a 1% Sep Jan Nov 70 % 33% 10% 6 — Apr 6'A ■ 3% July 10% 1 35 Jan 4% Mar Nov 25 9% 1 ._— S 22% Nov 3% 3% 6Va 10% 13% 10 1 Scotten-Dillon 25 25 y8 1 48 200 4 V# May 1% 5 Feb a71 Jun 22% 2%, Holly Development Co.— Hudson Motor Car Co ..... Hunts Foods Inc common.. Jan a26- 70% • 1% Hilton Hotels Corp 26% 42 %t 2% . Jun 33 42 ■ 8% Jan 11% 11% . 5 May 35 % a28 y8 9% May 4%' 18 59 3 - * Paper..— Independent Exploration 50 Jan 23 Va Feb 5 Va 57% 4% common.———2 W) (H 13% Sep Jan 100 a26 (Un) RLchnian Bros Warren 22% — Standard Oil of Ohio common. U (3 Steel 42 36 . 1 % May 465 Jun 16% May al2 Nov 800 Jun Jan 12; Feb 70c 3% 33 Feb a 3 1,400 25% 107 Feb 17% al7% 1,150 18 10 — Feb 11 y8 * Pennsylvania RR (Uni— Radio C.prp — Davis Parke Mar 22 101% 31 y2 a 3 70c Feb preferred 39 .50 Jur. Jan 3 Feb Colorado Fuel 39% 39% 3% 4'A 4% Oct a307/s a30% ; Feb 2% Jan 75 3 %' 2 Va 300 17 100 150 a21% Feb 3,001 37/a 300 50% Oct 35 9% May 24 y2 13% 12 12 12 26 Feb 4 38% Mar al4% a313A a32 (Un>—1——* & Trans———* Steel -• National 39 a42% a43% 34% Mar 19% * common— Creameries , 22 Va 300 2% Emsco £.___——* (Un)— (A G) class B—: 31% Mar 446 a43 ——.—* L 9 58% 57% Metropolitan Paving Brick———.——4 McKee 92% Oct a37% a38 % 57%- 910 24 4% California 90 195,143 3% Apr 25 a23% (Un)_———1—1 Lamson & Sessions— G Jun 720 * ——:* <Un>—, Island Lime Martin 19 77 V4 pfd— Steamship Laughlin & Kelley cum —, Interlake Iron Interlake Feb 16 Va .. — (Un) • (Un>_——10 Goodyear Tire & Rubber common Gray Drug StoresGreat Lakes Towing. Harbaue? Co Jan - General Motors common A) 45 "A 14 90 General Electric common (M Apr 68 Electric Controller Hanna 12% a64% a64 Va — 4 — Feb Nov 8% 160 38% A-" 23 57'/a 2 .... Nov 23% 2% Nov 16 a23'A v - Jun 21%. Jun - Nov 2 263A May Feb 77 Cleveland Electric Illumln com Cleveland Graphite Bronze • 33 Last 15% 16 Nov 6% May 22% High a34'A a34% ■———100 $4.50 preferred 4 20 , 70c common—_1 1 Los 15% 1 Cleveland Cliffs Iron common—. 100 7,708 3 Range Since January 1 34 —,—;—_—1 Controller Clark 4% Packard Motor Car common.—,—* Barker 100 10% Jun Nov 20% —— _ common.. — 10% 10 % 1 Murray Corp common.— National Stamping ' 15 a24 a24 5'% Oct Jun -33 Low 3%: 3% 3% Products Com (Un)— 1 American Home 375 3?! — 3% 1 ; 1 — common.. Products McClanahan Oil , Shares High Low Par Jun 6 1 —_— for Week Sale Price T ■ Jun 10 Va 23% 1 * — L—.— Screw Masco • Products common—i.— Kingston Kinsel Drug LaSalle - com— Radiator common Warner Aircraft common STOCKS— 65% 6% Mar Mfg common——__5 & Lock ' Car common. Motor Hudson U Friday ;.V — Houdaille-Hershey common—— Cleveland Stock Exchange ; 52'A Nov 100 20% 20% 1 2% * Manufacturing—— Wayne Screw ■ 450 Jun 92% 70% 70% _—i Electric Paige common Jun 7% 1 Gerity-Michigan Corp Graham 17% Jan 15 43% B Wcstingnouse 53 4% * —10 Manufacturing class B River Raisin * Timken 22 Va May 11% "7,25 (Ohio) Oil Standard Feb 29 % ——_. (N J) 16% 50 17 ' Standard Oil 5% May 7% O Brands 46 % May 4 Va Mnr 29% 15 Oil Vacuum 34% Mar 7% « Corp Socony Standard 65 % •29% _33 VaC — * Radio 50% Mar 32 70 '4% 4% 17 — — 42% 10 B8% 4% "~50 — Pepsi-Cola Pure 38% Jun Oct Mar 20 59% 38% 0 Register.— Cash 57 V# IITIio • • 153 37%' 36% _ Motors National 36% • Electric General 14% Apr 1% May 7% 1 Industries— Wood General Motors common— Hoskins — 14% 100 1% Sep 12% Feb 9% Nov Gar 25% 24% 24% .—100 Tel & 10 % 300 8'A 5% _1 _1 1 —1 __—— 6 V2 215 24 7 Gemmer American 26 Va Nov 1% 52% 10 Electromaster Stocks— American Nov 1 l Products—i Detroit Steel 30 7 7% —lo Feb ID/a 200 7% Feb •' Unlisted 2% 125 8'A ' 2%- 19/64 Rights _ ———: Detroit Steel Corp—. Jan Jun 100 11%" 8'A — 1 5 20 Nav__; Jan 2% 2% 1 1 !_ Cleveland High LOW 11% 2% — 1 Range Since January High Low * 2V2 — Bros & Detroit July 16% common Corp 278 216 .. 58 21 Mar — Burroughs Adding Machine com Continental 25% May Nov 13 1,078 «' , Jan Detroit Nov 45 100 13%. 8% 16% May 19 355 202 II Z~-Q ——- 73 70 46 216 216 ! ___»■ Jun 42% : 64% B_—_— 102% May 64% 43 ■ ciass — 19% 13% — Kroger ——_A— ;_r—— ProcterGamble_.____.___ 8% T' 19% * Randall 12 ' 19% 19% Art Mfg Co common... f ' 19% » Gibson Hobart 77%. . 46 —in Nov 5 184 6% 11% ■ 90 23 Chrysler 76 * Cincinnati Union Stock Yard_____ Shares 1 2 1 1 com..,; new common Brown-McLaren common Jun 1,186 94 5% 76 Apr zy% Rubber Baldwin _ Prod Metal American Feb 265 - • Electric common Allea Jan 23 [ ■' ' 32'A :. Nov 17 26% " T ■ -- ■. 26% Nov 17 18 17 . High Low 26% 100 93% 26% for Week of Prices Par Range Since January 1 Shares 27 27 common- —8.50 STOCKS- High LOW —20 — ? ' Par Mach._ Laundrv American Sales Range Sale Price Frlday for Week Sale Price Week's Last Week's Friday STOCKS— Exchange Chicago Stock Exchange Building 15% May 11% ll'A ll'A Corp Wilson 11% 2 % Sunray United New York Curb Exchange Detroit Stock Exchange 15% May Feb 11% & CO. WATLING, LERCHEN Oct 33% Nov 23 5'A -25 Oil of N J Stanaard 27 Va 5y8 16 % ...15 i • • i High , Feb 25% -1% Corp-. Oil Co Inc— Vacuum Socony .2% _ . Low High 4 25 3 common.. Rexail Drug Inc \ Range Since January 1 5Va * Steel Republic for Week Shares 26 Sales Range of Prices Friday Last Sale Price 35 EXCHANGES WEEK ENDED NOVEMBER FOR RANGE (2255) CHRONICLE. COMMERCIAL & FINANCIAL. THE Number 4755 168 Volume 3 200 7% 140 all% all% 50 21c 19,100 7% 15c 15c D/s 95c 3 Apr 30 1.60 July Jan 3% Mar July 1.55 July Jan 6% Mar Jun 6 9 May -« 14 Aug lie Nov 24c May 15 • Jun 36 (2256) THE COMMERCIAL & FINANCIAL CHRONICLE Monday, November 29, 1948. OTHER STOCK EXCHANGES RANGE Friday Week'a Range Shares Par Northrop Aircraft Oceanic Pacific Oil Inc Co 6% 1st Pacific 10% 125 6% Feb 2.75 3% 12,600 1.95 Feb 18 Vis 100 15% Mar 21% Jun 36 Jan 10 18% 3i y. 31% Pacific Lighting Corp common Republic Petroleum Finance Rexall Drug Rbeem Rice Oil Stores Seaboard 5% 5% 320 5 18 al8 50 80c 87 %c 2,300 26% Company 1 4% Feb 49 Mar 125 17% Nov 970 15% Apr 20% 39% 765 42% 65 38 % 38% 690 9c 28% Feb 9c , Oct 44 % 1,000 111 34c 1,347 25c Sfcp 55c 22% 1,666 15% Feb 32% a9 % a9% 50 8% Feb 22c Feb 25 Mar Mar 27 27 % 550 26 May 28 25 Transcontinental Union Oil of & United States Universal Steel Baldwin 26%. 504 24% May 28% Jan 361 22% Jan 25% Feb 27 27% 300 26% Nov 29% July Consol Oil 33% 175 32% Feb 34% Curtis 62% July 72% Jun Delaware Electric 49 Jan 49 52 765 44% Feb 63% 63% 446 55 Jan 11% 11% 708 9 % Feb 25 19% 19% 19% 190 19% Nov 15% May 23% Oct 390 11% Nov 20% May 10% Nov 13% 11% 10% .. 11% 10% lnc_5 a commort—.25 29% 10% 10% 89% 36 I 10% 75 2,786 13'/a July Feb Jan 20% May 38% July 21% 89% 10 93 Feb 70 72% 914 67% Mar 86% Oct '36 36% 910 35 44% July 70% 10 1,329 29% a 29% */ • Co—: , . 8934 Nov Nov Mining Stocks— None sold this Budd week Allis-Chalmers Mfg American Power Co— 2% * Light * Airlines American a ' 100 2% a27% a28 % 27% 2% - Tel & Tel Co Anaconda Copper Mining Co Corp Co (111) Topeka & Santa Fe Atchison Refining Co Mfg Corporation Baldwin Locomotive Barnsdall Bendix Oil Bethlehem Columbia Gas Commercial Solvents Curtis Publishing Co Curtiss-Wright Corp Goodrich (B Co Graham-Paige Motors Corp Great Northern Ry Co preferred Interlake Int'l Iron Nickel International of Canada Loew's 17 % a25 % Storage Inc.. Nat Distillers New York North Corp Prod North American Co Pacific Ohio __ Packard Motor — - _ dlv preference Socony-Vacuum Oil Southern Railway For 63% 14% Nov 27% 28 % 3% Feb 14% Oil 50 25% Nov 33% 50 7% Feb 13 4% Feb Mar 20 9 % Feb 245 32 34% 14% 69 127 70 Mar Feb 11% Nov 51% Feb 3 Nov 42% 40 page 42. Mar Jun 13% July - 13% 11 18% May 545 51% 15% Mar 49% 56% 1,793 Sep Jan 50% Mar 65% 50 17% Feb 25% May 340 Oct 13 Nov - 5% 30 9% 4V2 % 465 % 7% 683 17% 18% 16% 17%., Feb Oct May 7% May 1 . 5% Mar May 1,676 8% 17% Sep 16% Feb Oct 20 % 20% 37% 38% 76 36% Oct 20% July May 48% Apr 21% 5,652 20 % NOV 24% Jun 24% 175 21% Feb 25 40% 713 28 Jan 289 20% Nov 25%" 26% 45% July 23% July 520 25% Nov 28% July 22% , 389 16% Feb 27% July 7% Sep 39'A Mar 50 % May 3,921 „ 23% 39 % 39 21 20%' 21% 26% 10 47% 23%- 10% 210 47% 10% - 48% 10% 150 " 22 % Mar 12% Jun 100 10 % Nov 10% Nov 69% 70% 265 50% Mar 70% Nov 2% 2% 2% 1,021 2 19% 19% 20% 1,339 19% 20% 20% 23 20% July 24 36% 36 % 36% 25 32 39% July 15 62% Fort Steel Co Feb 3% May 23 % May Nov Mar Feb Gas & Electric Commercial Pitt 5% San United Jun 16% 25 % Mar 33% 53 Apr 62 10 Nov 16% 42% Feb 60% 10 % 15 Nov 19% 13 Apr 13 al5 86 5 350 9 130 9 Aug 12 11 217 10% 2 2 12 12 12 Nov 25% 72 23% Feb 39 % Jan 10% 200 7% Mar 10% Sep 23 35% 20 Va 21% 35% 40 31% 20% 323 18% 6% Feb 2% 3 Feb Nov common - 9 Aug 200 Jun 3% Sep 11% Mar 24% Nov 3 110 2% Mar 3% Jan 52% Jan 32 32 32 273 30 30% 32% 160 30% Nov 9% 255 7% Feb 10c ....—1 Brake May 36% Aug 23% May 200 3 1 —.— 27 3 8% Mining Jun 22 30% 10 2% Feb 110 8 21% c — States Glass 32 8 3 Jun Jan Nov 22% * 14% 2 • 20% Feb Jun Jan 11% 25 5 10% 149 33% 1,119 10 common Electric 10c " 1,500 Mar 10c Mar 39% v 10 19c Jun Jan May 5% 5% 100 5% Nov 10 30 32 V8 Apr 29% 368 29% Nov 24= 39 % Jun 24 24 3A 285 24 Nov 33 Jun * Corp 16 1,020 July Jun 31% Mar 12.50 63% May Feb 15% Mar 21% Jun 380 17% Nov 13% 517 22% May 12% Mar 18% July 8% 820 8% Nov :a 15% 57 15% Nov 173A 18% 13% May 16% Jan a 53 17% Nov 27% 40% a 10 26% Feb 4% 4% 1,495 4% Feb 8% 10 21% 500 8% Nov 18% Feb Jun 5% May 11 % May 26% May 17% 73A : 8% 625 54% 360 41 % Mar 57 32% 33 410 32 5 29% 29% 49 Va 515 May 25% 12% 12% 133 May 7 % 7 % 26% 27 a9 a28Va a28% 16 % Feb 21% May 7% Nov 22 8 Nov Feb 44 15 Jan 160 7% Nov 11 May 362 22% Feb 33% 20 9% 26 Nov 13% May 32% 608 15 Feb 23% 115 35% Feb 47 188 22% Jun Mar 52% Jun 173 38 73% 356 71% 13% 145 11% Mar 22% 22% Feb Feb 85% Julv 18 29% Exchange Week's Sales Last Range for Week Sale Price STOCKS— of Prices Par American Brown Tel Shoe & Tel common^— Coca-Cola Bottling Falstaff Brew common General Electric Genera! Motors Low 100 z,—L. common (Un) 25 ' Shares Range Since January 1 High 151% 151% 31 __ 1. —1 — common 151% 15 31% Low 329 150% High Oct 155% 190 27 Feb 33% Sep Oct 25 25 25 25 Nov 31 23% __ 23% May 50 15 Feb 27 Nov • 37'A 36% 37% 340 31% Mar 10 (Un) Griesedieck-Western Hussmann-Ligonier Huttig s & D Preferred Brew 57% 57% 59 253 51 6 common : common ... — Hydraulic Pressed Brick preferred International Shoe common Johnson-S & Shinkle common Knapp-Monarch Laclede-Christy Laclede Gas July Jun " common __ 100 — 50 — Mar 42% May Nov 66% „ common __5 4 American Rice-Stix com 21 355 20 ¥4 14 100 11% 38 39 75 33 102 102 10 102 Nov 21 Jan 14 Nov Mar 42 3A Jun Nov Nov 102 Nov 23 % 23% 100 22% Nov 30 Mar 40% 156 39% Nov 45'/a Jan Nov 12 Jan 9% 13 10 100 9% 10% 1 common 20% 14 , 39% • * 10% 100 8 Mar 13 13 110 13 Nov 11% Oct 17 Jun (Un) 10 common 5% 5% 18 % Midwest Piping & Supply com North 20% 14 5 18% 19 150 13% Mar 22 15 15 15 64 14% Mar 17% 30 a 5 % 200 4% Apr 6% May __ 1st preferred St Louis Car 100 common lo Jun May 28% 13% 1,595 Apr Sep 73% 17 Oct Feb 17% a39% a40 % May Feb a40 a40% a22 Jan 8 50 Friday Jun 52% 691 St. Louis Stock - 31% Mar 48% 18 16% 19% May 10% 10 preferred Apr Apr 170 a21 % Mar 12 Apr 50 15% 21% 13 1 Oct 8% Nov a8% 8% 342 Oct 20 a 13% Jun 325 Feb 13% 9 10 Air 25 lo — SuDply Westinghouse Westinghouse Jan 48 Feb Gas High 250 —1 . Low 27 .1 com Co Range Since January 1 High 1 Manufacturing Toy 13% 5 . Shares 25% * Corp.— common Brewing.. Star Low « Pittsburgh Plate Glass Pittsburgh Screw & Bolt Corp Oct 37% Mar for Week —..." ... Pittsburgh Brewing July 11% Sales Range of Prices • ... Co.. Mountain Fuel Oct 50 Week's Sale Price Follansbee Steel Jun 30 a31% a31% . 7 Jun 11% May 65% 875 ^ 59 % 10% Feb Nov 20 Inc Lone 95 4% 13= 49% 250 17 13% 10 Mackintosh-Hemphill McKinney Mfg 14% 8% 39% 8 51% 6% 17% 1 Jun al5% a 100- i Nov ■ • Jun 230 8% a21% Apr Jun 592 8% 16% 57 . _* : Ludlum Continental July 30% a 15% 1 27 % 158% 12 Water Service— Improvement (D L) Columbia 26% Aug 16% Jun 50 140 a 1 Co 8%, High Nov 5% ■ * Duquesne Brewing new 12% July Feb 50 * 25 21% 147% Mar 300 53 % lo Par Jun 140 a7% a54% a56% 2% -12% 7% r 1 Corp Allegheny Jun % £25% a32 % a32 % -10 12" 18% • „ Gas Low 480 1,885 11, • Corp.. Scranton-Spring Brook United Range Since January 1 • 23% 57% / • common United 7>/4 50 Joy -al4% 25 see Paper Shares High 51% 16% common Oil 10 24% a8% » ___ Jun ♦ 38% com Feb 50 —5 s 49% 23 , '~50 common. 6% 21 % Mar a55 a573A 15 J) Sep 16% II3 Gas 320 a55 1.75 Inc & 7% 4,350 7 (N 44% Last Oct 2% a52% a52% a9 % a8% a8% • Co Jun 20 Friday Jun 55% a 30% * Oil 33 150% 151% ..10 STOCKS— May 1,220 25 14 May 24% May Nov Pittsburgh Stock Exchange Jun Sep a (Ind) footnotes Scott Clark 17% a42% a42% Co Corp Dome Jun 23% * Oil Webster Reading Co Salt El preference Blaw-Knox 365 3 % * Nov 25 • Harbison Walker Refractories 3 • Co Nov 17% 24% 8% • common div 16% Mar _1 5 Brands Inc Si Corp Service $1.40 Apr 29% Co Standard Stone ...41 32% Corp Regis Paper Co Schenley Distillers Corp 9% 40 140 1 ... Westmoreland Coal May 17 Republic Steel 10'% 16% 51% ■ ' common Nov a60% a60% Inc Studebaker 19 254 4,640 a38 * 7% Radio-Keith-Orpheum Corp— a a % 8% a37 1 Corporation 10% -50 11% May „ Feb a37% a38% all% a 11 % a38 * _ Inc St Standard 33 Feb 10% all% all% Company Corp of America Standard 815 7% 7% a20% a20% a20% _ Co Airways 19 15% Low .10 410 a7% 1 ... 49% May -5 ... 395 a25 Oil Radio 309 8% 13% _ Apr 3% May Feb a24 a24% 49% 9% 7% ___ Pictures Phelps Dodge Pure 3% • __ Co Feb 23% .10 22% 7% Pennsylvania Railroad Co Pepsi-Cola Co Pullman 11'% • Car American Paramount Ry 2 % 38% 113 Sales .—13% Battery Corp Brothers July 18 Company Light. 8% • Inc. Nov 80 175 for Week ■ 22% a 54"% RR— Aviation Northern Pan Nov Mar « ... Corp.. Central American Oil Mar 17% 17% a25% a25% 18 Montgomery Ward & Co Inc.,. Nash-Kelvinator 65 Jan 51 22% a Robibns & Oct 47 10 • & 10% a2% a* 28% Mar 90 a55% Magnavox Company a9% Range 12 42% July 150 3% • 39% NOV 15'A Inc McKesson 50 30% Mar 22% 160 _* Paper Co Tel & Tel Corp.. Copper Corp.. McNeil & Libby Kennecott July Week's ' 37% Jun 39 % Mar a8% * International Llbby 40 * Corp Co 535 120 10% • -—— Aug 30 Jun • Corp 92 % Feb Jun 10% • Utilities Nov 23% of Prices . Corp Pennsylvania Power Si Light Pennsylvania RR Pennsylvania Salt Mfg com Philadelphia Electric common.. $3.50 Corp F) 17% 44 Feb 34% 13% 13% a52% a53 % 41% 44% 5 General Electric Co Public Feb Feb a8% 25 1 Foods 12% 27% a39% a40% 1 common 49% July 7% Oct 33 * A Feb 20 5 Electric Bond & Share Co 83 145 a42% a42 % 1—2% J Co Power Westmoreland 117% July Sep 4% 100 5 __ Jan 37% 100 —1 (The) 91 93 12% a55 % a56% 1 Crown Zellerbach Corp 150 25 a 151 Pennroad Sun May 650 a20% a20% * ... 170 36% a 33 a 39% * Corp— 7 12% 33% 10 Corp Continental Motors Corp Continental Oil Co (Del) General 15 36% * inc Consol Vultee Aircraft General 31% May a 25 Commonwealth Edison Company Commonwealth & Southern Corp Consolidated Edison Co IN Y) Class 40% Nov .———* System Jun Feb Nov 6% 5 —. Oct a —13 Common Sep 7% a36% a36% 5 Canadian Pacific Ry Co— Caterpillar Tractor Co Cities Service Company 46% a33 % a33% 15 Company (The) Nov 32 5 — 39% Oct 16% May 157% May 27% 13 • Eoeing Airplane Co Company (The) 10% - 60 a7% a99% alOl % 5 Borden Nov 12% Mar 148% Mar 27 6% Corp 170 7% Mar 307 a7% a36% — 39% 345 1,788 10 a24% a25% 3 Works— lo ; Nov a34% a35 % a7% 25 Borg-Warner Corp Budd 34% Ry—100 Corp Steel a 5 (Del) Co Aviation 6% 40 150% 151 % 10 Atlantic Avco 260 39% 50 & Armour 150% * Steel Armco 29% 6% a7% 14% 100 American Woolen Co 43 a24 100 Works Lehigh Coal & Navigation Lehigh Valley RR National Power & Light 4% May 41% May Oct 305 6% a7% American Radiator & Stand San Corn • American Nov a7% 1 & Nov *' Corp Publishing Philco 1 ... 37% Sale Price II Locomotive General Motors $1 Stocks— Corp 670 a2% . Company Public Unlisted Alleghany 37% a9% • Chrysler 33% 11% Corp Apr a39% a42% Par 24% 50c Air Oct 25% a83% a84% * American Stores American Tel & Tel 24% • .... 9% Nov Last 33% ————„2 —— Nov 18% Friday ' 26% • Western California Prefered class A 6% 100 10 STOCKS— July 1 Corporation 306 Philadelphia Sfoek Exchange Gimbel Transamerica Jun 7% 37% 39% a 12% Woolworth Co (F W) 24% • : 32 7 5 Western Union Telegraph Co 42% May 25 common Feb 1 30% July 36 Southern California Gas 6 pfd cl A—25 Textron, Inc 19% 25 10 Inc Oct 10 —-: 395 23 al9% al9% __ a34% (Del) May 215 994 Calif 68% July 10 Pictures 14'/a Mar 122 38 Company—.— Feb __ Jun 22% 25 Sunray Oil Corp common 4'/a% class B preferred Inc Mar 22 168% 28% pref 49% Jun 9c 172 29c 168% 38 preferred Jun 180 65% 52% May 28 cumulative of Feb Mar —25 convertible cumulative 32% 46 com__25 —— 66% 37% Co Bros Fed Nov 49 Rubber Jan 53% Jun 47% Lines 36% 245 .5 Westinghouse Electric Corp 20% May 17V4 39 •' Ltd U S Warner Jim 7 17% al7% 1 Pacific 15% Jan 1,100 16% 15 Southern Calif Edison Co Standard Oil Co 1,670 5% 25c Co 4.32% May 27% Air Corp United Corporation Nov 1.30 17 * 4.88% 21% 39 Sinclair 4.48% Nov Nov 5 a 30 Corp United 7% May 20 Aircraft Nov a52%a54% 22% 50 Union Pacific Railroad Co United 30 65% • High 585 „ • Low 30 • Co Range Since Jannary 1 High 30 a53'% * Carbon & Low __ 10 Twentieth-Century Fox Jun 1 A Shares 25 __ Co Associated Oil Co Water Union Carbide Jun 0% • Co Co for Week 25 Tri-Continental Corp Feb 60c 26% 5 5 Tide July 32 & Company Texas Company Texas Gulf Sulphur Aug Nov a Swift Jan 28 % Sep 1 Southern Mar 3% Signal Petroleum Co of Cal conv 22 51% 55 Nov 306 al8 _— 4.56% 22 3,150 — Sierra Trading Corp 8ignal Oil & Gas Co class Preferred 50 5% Shell Union Oil Corp Aircraft Feb 24% Security Company Solar 35% 47% Mar 23 common. Finance Oil 49 5% Inc Sears Roebuck & 110 264 1 Co Corp Aeronautical Safeway 50% 50% a21%a21% — 2.50 Manufacturing Co Oil Mar .--1 common Co—— Inc Ranch Richfield Ryan Co 33 13% May 3% Nov 30% Mar 300 50% * Seaboard 713 34% 50 % • Fuget Sound Pulp & Timber Co 31% 33% 10 ... Sales Range of Prices Par 10% 25 Week's Last Sale Price STOCKS— High 2.80 25 Indemnity Co 26 Friday Low 10 % preferred NOVEMBER Range Since January 1 High X Finance Corp common. Gas & Elec common Pacific Low ——1 ,—— ENDED for Week of Prices WEEK Sales Last Sale Price STOCKS— FOR St Louis Scullin Public Steel Service class common— A 50 • 1 Stix-Baer Wagner & Fuller Electric common common 27 20 24 Apr 132 132 40 131 Oct 137% 50 20 Mar 23% 200 5 Aug 16 May 20% 5 » Sears Roebuck & Co Sterling Aluminum common 27 __ 5 15 20% 5 19 39% __ ... __ 20% 5 " 19% 200 39% 40% 238 17 % 17% 10 13% 13% 300- 13 Feb 47 48 305 47 Nov 32% 7 21% July Jan July Jan Feb Feb Oct Feb 43 May 15% Mar 23 July 17% May 55% July , . Number 4755 Volume 168 THE COMMERCIAL & FINANCIAL CHRONICLE (2257) 37 OTHER STOCK EXCHANGES RANGE FOR WEEK NOVEMBER ENDED 26 Friday . PACIFIC COAST SECURITIES Sale Price Dean Witter Co. & MEMBERS Exchange and other principal 14 WALL Marchant Martin STREET, NEW YORK 5, N. Y. Teletype NY 1-579 LOS ANGELES - Matson Reduction Air Alaska. '1 Gold Mine 1* ! Co Atner 1 Ltd Factors (Un) 21% 2% Nov 2% 23A 100 2% Nov 19% 19% 200 19% Nov 15 y8 15% . American Smelting & Refining (Un)—* Tel & Tel Co (Unj_ 100 200 High 26% May 4 V4 May Sep 2% 250 a53% a53 % a53aA 150% 151% Co (Un) Distillers National . LlnCn Natomas 4% May •27 24 Va al5 al4% al5% 110 15 Nov 20 2.50 220 a32y8a32% 65 2.50 __ „ 14% 14% Company (Un).— 24 V* 2.50 Apr Jun May Nov 3% Jan 32% Mar 246 9% 9% 3 6'/a July 425 13% 14 23c 23c 2,400 425 N Central Y North RR (Un) —— (Un) Aviation American ■ a55 a557/8 145 17% Jan 34% Jan 19c 31 Jan 1.15 Mar 39c Jun A -51c Nov May |= 48 y8 Mar 65 18 18 VB 350 k 14% 20 15% 180 15% Mar 10% 10% 215 " 17% 18V8 512 17% 6% . 6% 9% 6% 9% ' 12% 100 440 8% Feb 6 t Jun s .i; • 22 : V4 May 6% May Sep ? 11% Jan Nov, 12% Feb, 8 V4 Jan 150 .' Jun 13% July 9% " Jun . 21% 17% Nov 1,000 ^3 8% 12% Feb 8% • 3% Mar 15% 15% 1 i -* A* 1: Corp.— - \ Jun Oct 18c a9% a55 ) May 19% Mar a9% — __—;—X— Nov 13 40 1,000 —I . 840 14 16% July 31 Feb Mar 9% L90 1.85 — • 5 (Un). 9% 24 a32% a32s/8 1.85 10 (Un). Service ' 18 V* July 13% May Jan 16% May North American Co 67 Jun North Amer 155 May North American 51% 8% 144 24% __ 10c Prod Jan 12% Mar 1,494 * Feb —1 (Un)„_: Fibres Auto Northern American Woolen 10% 14 —18 Lode 149% Mar 70 150% American Mother National Low , 80 - Nov 325 Range Since January 1 High 2% 50 16% * (Un).; Morrison-Kndusen Co 19% • M Cons & National Shares 19% a20% a 2% • —20 (Un) Stan San Radiator & v— 10 Alleghany Corp (Un)X American Low a8% 16%; w-t Nash-Kelvinator Corp for Week of Prices Par CtJn) Co Juneau Sale Price '• . * (Un) Montgomery Ward & Co Sales Range Last stocks— Exchange Co Robbins Inc & Mindanao Week's 1— Mfg;-Co— M J & M Friday High a8% 16 % .■—* 1 5 _1 Co Navigation Menasco Sad Francisco Stock Low a8% .A —— Calculating Machine (Glenn L) McKesson HONOLULU - 1 Macy & Co, (R H) common Magnavox Co —— Security and Commodity Exchanges Telephone BArclay 7-4300 SAN FRANCISCO Range Since January 1 High * San Francisco Stock Exchange Los Angeles Stock Exchange Honolulu Stock Exchange Low " u, "B'X Lyons-Magnus ■' * Shares 7 1 Libby McNeill & Libby New York Stock for Week of Prioes Par Lockheed Aircraft Corp Loew's Inc (Un) Sales Week's Range Last t STOCKS— 39% 40 Mar 50 a34% a34% a35 190 31 Feb 40% May Oahu Anglo 20 27% 27 % 28 769 27% Nov 32% Jan Oceanic 100% 100% 235 89% Feb 119% Sep Occidental 13% 70 9% Feb 18% May : 55 58 % 830 32»/4 Feb 69 July ; al7»/4 al8Ve 105 17 V4 Feb 2? Jun ) 17% Jan | 3.50 Nov a (Un)—100 Ry 15% a 15 9 15% - Jun 57 V* Aug Anaconda 17 12% (Un)—10 common.—• Oil Pacific Feb .100 Cons™—-10 common Invest Copper Mining (Un) California National Bank Atchison Atlas & Santa Top Corp (Un) imperial Diesel Atlas Avco Mfg Baldwin Corp (Un) Fe _100 5 Bendix Aviation 9 May Olaa 6% 7 355 4% Feb 7% Nov 12% al2% 25 12% Mar 17 V* Jun 10'A 16% July Borg-Warner 11% 10% 12% 2.75 2.65 1 (Un) Corp 2.95 7,231 2.65 30 a39% a40% a533A a533A a55y8 _.20% Pacific Ry Tractor Eureka Mining Co 1 Milk St Paul & Pac— Sep 43% Nov 52% Nov 64% Jun 16% Mar 24% Jun 6% 377 6% Nov 7 1,050 3% Apr 25 100 34 Nov- May 8% Jun 7 Nov 10 10 48% 48 y2 100 47 Apr 51 Jan 35 35% 812 28 Feb 40% Jun __ 13% 10 13 y2 30% 9% 288 a52% a53% a52'A 30% 10 12 Feb Sep 19% May Mar 225 Sep 68% May 483 31'% 50% 30% Nov 38 1.30 1.50 1,300 34% 34% 500 1.30 25 68c -1.95 Apr 34% Nov . . 30 3% 3,060 33c 33c 200 i* a31% - Pacific Co——_.i————X— Coast Electric & 1st 5% redeemable 1st Lighting Corp Pacific Pacific pfd Pacific Tel Tel & Preferred Packard 1st Pennsylvania Pepsi Ccla Co Sep 44 y2 Jan Co a 8% a9 79 8% 11% July Nov 100 J 7 Feb 5 754 4% Sep / 31% 5,286 27 Nov 29% Jan 26% 26% 26% 1,499 25% Nov 27% Sep (Un)— Pure *Oil - 33 47 943 55 100 20 % 24% 657 22% Mar 93 93 94 % 257 132 >/3 132% 133 70 4% 4% 150 Oct Jun 90 Feb 104 y2 Jun Nov 146 y2 Apr 5% May 4% Feb 11% May 8% Nov 8% 8% 165 20 % 20 y4 395 a2iy8 a21% 145 18% Feb 26 V* May 17 V* 495 17 Feb 22 May 7% 9 622 7% NOV 22 Jan 52% 52% 185 57% a21% 577/a 17% 7% 20 41 55 V* 120 4 4 22% 1,879 32% 32% 4 560 21% 22% (Un) * ——* (UnU——— 61 26 Jan" 130 n 150 28 Nov Cities Service a32% a33 % 100 2.50 51%. 52 y8 ? — 47 r»' 35% 455 a40'A a44% 10 (Un) Co 51% 53 32% 37 58% July Feb 75% Jun 8% Jan Nov Nov 29% Aug 32% Nov 49 % May 21% Sep 65 % Oct Nov Jun Co 62% July 28 Feb Radio 3% — Colorado Fuel & Iron common Preferred Columbia Packers River (Un) & Southern Consolidated Ind Chem class 13 y8 Mar 22% Oct 17% 20 % 15 30 18% al8% 3% a25% 43 Apr 15 30 3 y8 , Feb 16 20 Nov 27% May 2% 2.410 a25% a25% 133 25% 3% Feb 38 Sep 43 43 100 22% 22% 313 21 30 45 8 Oct Eq preferred--—100 pfd—.—, 25 (Un) ,—• Realty & 50 Tobacco "B" (Un)——10Manufacturing Co— 1 Oil Corp -• Riverside Cement Co class A (Un) * ———— -1 — (Un)————^_15 Continental Motors Creameries of (Un) a9'/a a8 1 -— 1 Inc— Amer a9% Aircraft—.>1 Vultee 7% 75 9% 9% -***7 7# a8 248 16% Mar Nov 9% 10% Jan Jun 13 Jan 34% Sep Oct Jun 27 y8 365 22% Feb 33% Oct 35% a36% 62 34% Nov 40% Jan 27% a 18% 19 633 Nov 24 26% 26% 28 1,180 15% Jan 48% 15 V* Feb 26% 25 Nov 34 % May 22% 22% 23 25 25 26 y2 Crown Zellerbach .Corp Preferred Lnd common— 185 — Curtis Publishing Co CUrtiss-Wright (Un)—— (Un) Corp -"a 94 "2 Class B common Dow Chemical Co Eastman Kodak 3 Dorado Electric Oil _ 13 7% 600 4% Feb 12% July 75c 137 12% 12% 12% 6% 405 28% • 28 28% 2,365 a45% a467/a 10 a43% Eureka Corp Ltd 12 Mar 20 19 Jan Nov 8% 25% Mar 31% 194 34% Feb 50 387 39 Mar 405 13% 11 11 150 36 36% 310 % 900 . - u- 10 • m (Un) Food Corp Sep 15% Oct Nov 16 Mar, % Jun 42 % 9% Feb 30 3,541 a32% a32% 8 General Motors Corp Paint General Cum ————— —10 Jun 3 Nov Jan Nov 11% Jun 34% Mar 46 % Jun 5 —.—,— preferred Goodrich (B F) Great North Greyhound Hale Bros Hawaiian Ry Corp Stores 51 ' Mar 65% Nov 330 14 Nov 23 Jan al7 17 12% 62 _ ft Co Ltd (Unt_ - .. . . Holly Development — Honokaa Sugar Co (Un) Honolulu Hudson Oil Motor Car Idaho Maryland Power Kfennecott _ Kern County Land 12 Nov 20% 62 62 25 61 a60% 50 53 127 Nov 72% Apr 55 50 3 a41% a42% 70 40 Jan Apr 48% Nov Oct 5% 39% Mar a3% Jun Jan 48 Mar May 13% May 10% 300 15% Aug 19 17 % 17 17% 683 16% Feb 22 Apr 25 18 25 323 17% Nov 36 Jan 7 3 3% 704 2.25 3% 3% 3% 350 1.60 Jan 5% Aug 3% 90 3% Feb 5 May 63 63 640 52% Feb 78 May 13% 13% 130 13% Nov 22 ?8 Jun all% all% 25 12 Nov 19 Nov 2.30 4,300 63 Corp (Un)„l 1 2.10 —33 Vhc of Canada (Un) " * « Company— X-; 5 a31 291 1,980 41% 41% • a57% 41% 8% 25 83 9% 8% a 55% 1.60 100 8% a55% Feb 7.50 Sep .... 240 330 2.85 Nov A— 39 39 V* 335 8% 60 a38% a39% 223 ■" a38% 169 Sinclair —* Corp Oil 169 169 Jun Oct Apr 18% May Oct 21 May Jun 8c Nov 21c 32% Feb 42 Oct Oct 15% Jan 46'/a Jun 8 a4l/4 24 21% 21% 22% 1,515 16% 16% 17 861 5 25% 25 25% 2,442 28% 28% 314 24% 30'/a Mar 122 60 4(4 15 (Un) Oil (Un)-, Pulp Co a 4% 15 Oct 220 Feb 6% Feb Apr 32% Feb Jun " 14% Feb 23 Jun 25 Nov 34 May 4.48% Conv 4.88% Jan Jan Spalding (A G) - a29% N J Tide Union Nov 8% Feb 43 41% Feb Nov (Un) Oil Calif of Aircraft United Air United Corp of S Steel Universal Corp % (Un)——— Warner 27% 450 26% Nov common Sugar Oil — 33% 236 49 52 V* 940 44 Feb 62% July 14% 100 14% Nov 14 V2 Nov Bros Pictures 27 170 22 Feb* 30% Jun a21% a22% 58 22% Sep. 29 Jun 63% 1,301 54% Jan 73 Jun a72% a74% 191 69% Feb 90% Jun 45 16 180 a29% a29% 25 31% Sep 16 53 426 52% Feb 66 '/a Jun 1,360 19% Feb '' 32% Jun 10% 3,701 10% Nov 13% Jan 38% 38% 376 38% 29% 865 13% 120 13 % Nov 20 a24% a24% 10 23% Feb 30% May 5 10 Nov 19 10 228 2% 2% 525 2 % Mar 70% 70% 240 68% Mar 130 36 10 ' 36 ——5 2.50 IOO 9% 110 2.50 9% 9% 27 27 100 5 1 75c 80c 1 6 y8 6% 800 (Un)-——5 16% 16% 118 (Un)———I 5% 5% July Jun 15 Jan 59% July Apr Western 200 Department Stores Western 16% ——50c preferred—. —100 (Un)— Westinghouse Eleo Corp (Un)—12% Woolworth (F W) (Un) 10 Western a Pacific RR Union 7% 24 150 500 2.50 16% 65% a65% 9% 31c 4% 5% 190 10 a Apr Oct 45% July Nov 3% Nov Feb 11% Jun 32 % Nov 14 1.80 Mar 10 Feb Jan Jun Jan May Jun Jun 17% Aug 13% Jan 16 Jan 3% May 87% ' 10% Western Air Lines Inc Feb 38% July 13% 27 West Coast Life Insurance 42% July 29% 36 (Un)—A Nov 21 »/2 13% —20 (Un)— Jan 23% 10% Westates Petroleum com Mar 36% V* 2.50 (Un) 21 Mar 53 10 Jun 16% 15 Nov 10 % May Mar 22 V* May .— a__ . 24% May alB'/a al6% 42 50 18% Oct 24 Telegraph ' 28% May 16% Feb 23 % 53 10% 1 Agricultural Co Jan 34 32% . .—10 (Un)_ Co 29 V* July Nov 32 10 Equipment Co Waialua '27% - —1 • (Un)— Jun 51 -12% Inc Del Consolidated Utah-Idaho Victor Jun • 25 — Corp Lines (Un) com — United U 25 2 Carbon & Sugar Co 28 —10 com Corp Carbide Union — — Ass'd Oil Union (Un) (Un)_——— Company Water Transamerica 26 '/4 May 62% Super Mold Corp——^ 10 Swift <fe Co (Un)— —25 Calif of Texas 240 a22% a23% a21Va a72% of Oil Jun 32 Mar 9% * * —25 1 Oil Co Standard Studebaker Corp Jan 27% Jun 27 1 (Un)__— Standard Co 28% 14% 49 ; Inc Brands Jan 24% May Bros_A————1 & Corp Standard 28% 208 33% -* Pacific Co— Southern 27% —25 pfd Ser A So Cal Gas Co 17% Oct —,———25 ——4—25 preferred conv preference 4.56% 25% Mari; 23 Nov 30% 478 27% preferred ————-—_25 preferred—— 25 4.32% 24(4 a26% a27% (Un)—• Calif Edison Co com Southern 35 31% May 30 10 % 9% 8% (Un)_ 1.90 10% a30% (Un) — ft 13,800 39 Oil-——-—15 Socony-Vacuum Soundview Preferred a31% a31% ——20 Corp 2,196 395 .6,66% Corp—: Copper 12% 12% 16 — International Tel & Tel July 10% 1 Co International Nickel 38 15% ft Co Mines Jun Feb 10% 15% . Independent Exploration Kalser-Frazer a41% ft — — Idaho 22 24 a3% — Hunt Foods Inc 16% Nov 10 a42% a43% ft Corp 10 a 60% ft (Un)_ al7 a24% a24% a 3% .'ft Inc__„ Hobbs Battery Co class A Class B Jun 1,295 3 — Pineapple 40 % 15 (Un)—* pfd non-cum Oct Feb 59% Goodyear Tire & Rubber (Un)— Graham-Paige Motors (Un)_ • 1 (Un)_* 42% 35 14% — Co common 31% Mar 113 57% ————_—100 „ 362 15 ft preferred a38 a38% a39 V8 57% common-— Gladding McBean & Co— Golden State Co Ltd common————* 4% ' ft Corp a37 a 37% ft Oil King Sperry 5% 5 5% Signal Silver 44 14 % 11 1 (Un)— General 7% Jan 17% Aug- 10 9c 8% * i3y8 450 8c 8c & Gas Co class A——'* Coalition (Un)————-5 Union Shell Oct , ' General Electric Co 200 ; al7% al7% ,—-P10 (Un)— Water, Co Shasta Apr 14 II"1 Chemical Machinery & San Jan 202 r*— Radio—— & : 13% May Sep Mar 6 ' : — Feb 12 • _— Tele Farnsworth Food ' Capwell Co 1.00 May July a43% a44% ' a46% — 50c 102 6 (Un)—.ZZZb Co 128% May Feb 12% new_— Bond & Share Emporium 103% July Sep 7% A.-* —15 (Un) Feb 7% 6 5 (Un> — of, N J Works Nov 91% 50 '' El 25 100 a7%, 7% —. . common— Co 56 75c —Il ; — ————. Donnnguez Oil Fields Co 2,092 96 a7% —_2 Cypress Abbey Co _L—— Di Giorgio Fruit Corp cl A common_5 Doembecher Mfg Co___ 25% 96 a94 % a94% —— —— 5 13% 4 V4 ' ft • preferred 18% 180 —-fL*—-5 ( Jun " 25 25 5 Stores Inc Maurico Mining Jun 34% 4% Safeway * 55 Feb Inc'-—A*——10 S & W Fine Foods Sears, Roebuck & Co Consolidated May 31% • Natural Gas Co Ccns 34 75 Jun Apr —— 15 207 Ryan Aeronautical Cq July Bros i?M' ■ 42% May Feb 51% Rheern Richfield ■ Feb 8 * a32% a32% 51% Reynolds May 48 38% Mar Republic Steel Corp Roos 25 Sep 30 Jan 49% Mar a37% a38y8 V (Un)—* of America Corp July 15 0 A— Consolidated Edison Co of N Y Sep 50 3% 25 Commonwealth Edison 20% Mar 50 a (Un)—• 506 18% al8% a * . 24'A al8% al8% — (Un)———_—* Solvents Commonwealth 23% • ————20 ——. Commercial 24'A 480 26 V* 165 12 Vb (Un)———J* Rayonier Incorporated Railway Clorox Chemical Co 29% a29 y4 a30% 11% a May Feb 4 Preferred voting trust ctfs— Chrysler Corp < -Lit.- ? 55% July Mar 50% 55 1 Apr July 32 173 • cap 35% Mar 29»/a Mar 27% ———25 ^ * 20 Pullman Inc 30% Mar 746 205 • (Un)__ 97/s May 6% May 36% Jan 33% (Un). Puget Sound Pulp & Timber * ; 7% 24% (Un) Petroleum Co Mill Pioneer Nov 100 Phelps Dodge Corp (Un) Phillips 13 y8 50% <Un)— Co s 4% Aug 27% —50 (Un) ——————33% RR Nov 30% common——-.-" Companies Paramount Pictures 15% 24% (Un) Pan American Airways Paraffine Feb 50% —— com 10% 33% :— com Co Apr 100 (Un)__10 com pfd— - Motor 29 Va 17 —1Q0 common Portland Cement Public Service Apr 30% • , 27% 5% 31% j 20 4% 31V4 ; Jan 1 4% ( Jun 41% 7% 25 —— Feb 2.35 July 1,240 5 Apr 27 % 5% —25 25 —25 25 .—— %. 1st preferred 5'/b 1st preferred—— ;< 68c Nov 10o . Nov 33C 15 V* ..5 common—- preferred 5 % 2.45 14% 14% —5 Aggregates— 2.50 a27% a277/a —15 Sugar Plantation——,, Gas 6fo Pac 2.50 9% Sep • - 95 a31% a31% 20 r" ——— Can Pacific Pac «——— Jun ' , voting trust ctfs—X—. 40% 90 520 10% 2% 33c —— "B" Paauhau Apr 135 21 103-a 2.85 United Filters class "A"—..A—* Class Jun (Un) Oil Co 10% X———_1 IX Co Petroleum Sugar Co (Un)—: Oliver Jun 6% __ * * 1 Chesapeake & Ohio Ry (Un)— Oct 30 4% 6% -4.-25 Corp of America Jun 39% 29 'A 6% * Co Oct Nov 6% .'X-* (Un)— July Feb 23 26% 0 — common Co—— 38 : Feb 26 % —X—- _1 A * Art Tile class "A"X—— 20% * — Packing Corp Common 6% a39'A Ink Feb 30% Mar a20% a20% ... _* Co 26% 16 V* Jan 2,535 - 360 Mar 11% 105 a33 a33 % —5 —_2V2 ; (Un) Sullivan & 230 Feb 591 34 California Chicago 5 50 33% California Central 298 a33 California Caterpillar a 15 Cement Canadian 298 120 17'A al7y4 — — (Un)———_5 Sugar Calaveras 10% 33'/a Byron Jackson Co Celanese 103A • X (Un) Hill a 5 (Un)— (Un) Airplane Co Calamba al2% ——2 Corp (Un) Holdings Corp Borden Co Bunker Nov 100 Bishop Oil Co Boeing 5% 20 27 Oil X—_——-—1 (Un)—-112——220 Sugar Co Ltd Ohio 500 ————„—20c Bethlehem Steel Blair Mav 5% ..100 (Un)— Bank of California N A Basui" Oil 24 5% — _13 (Un) RR Feb 5% 2.50 (Un) Baltimore & Ohio 19% a20l/8 a 37 r»3X Engine—— Locomotive 604 24 y4 610 24 Nov 33% Jun 42 42 170 42 Nov ' 49 Jun * 38 (2258) COMMERCIAL THE LISTED CANADIAN RANGE WEEK FOR FINANCIAL & ENDED CHRONICLE . MARKETS NOVEMBER 26 Friday Montreal Stock STOCKS— Range Sale Price Par preferred Sales National for Week 7 % Shares Range Since January 1 15% 20 — High 12 Yt Mar 15 20 ♦ preferred 15% 3,565 19% 2,438 17% Mar 16»a Feb 24 % Oct 690 33% Mar 56% Oct 2,582 Feb 65 % 4%% • Ltd 55% 57% 25% 25% 275 8% BVa 400 45 45 14 — — __ • common 6% 6 6% 43 * Ogilvie 25% Nov Nov 13 Feb t 49 Feb > Feb 8% 44 7% 5% Mar 480 Steel Bell Ottawa Electric Rwys Ottawa Jan Jun Penmans Ltd 72 15 65 Oct 25c 50 25c Nov 27 597 24 % Mar 29% May 21% 21% 22 1,002 17 % Mar 22% 43% & British Oil American Preferred — 43% 43% 3,849 18% 18% 19%' 14 14 • • Power- « - * common- — 6% Powell Sep Sep 44 1,849 17 Feb 170 14 Nov 19 21% 56% 24 170 170 19 42 42% 626 20% 20% 387 15% Feb 101% 101% 15 100% Sep • British Columbia Power Corp cl Bruck Mills $1.20 partic class a..... Class B a.:* May 24 24% 26% 43 1,684 25% 385 Oct 20 % Feb 25 24 s Jan Corp P»-ice 4 27 % May Canada Cement $1.30 3% 3% 26% 26% 26% 140 24% 17% 17% 75 16% 5% 5% 205 35 35 225 * • • Building Products Bulolo Gold Dredging _ _ 3% • 35 ____ 5 preferred Canada Iron Foundries Canada Northern 10 24 24% 9% Feb Nov Feb 15% May 20 Yc Canada Steamship 5% preferred Canadian 5% 18% — 24 Class A # 14% Aug 25 common 11 Canadian 6% _ _ cl£ss _ 5 1,315 a Mar 15 42 23% 47 47 75 34 Feb 106 106 11 101 Apr 13% 13% 770 15% 16 170 15 Pacific Consolidated 92 658 58 Feb 95 Nov 39 153 35% Mar 40 230 21 Mar 23 140 12 Nov Ltd 12 Jan 14 45 45 25 44 Jan 27 150 25' Jan 30 Jun 31% 130 26% Mar 36 May 15%* 67 Jun 149 Apr 39% Nov May 18% Jan 30 Jun 37 Feb 47% Nov 615 11 Feb 17% Oct 935 preferred 60 54% Mar 68 Jan July 125 93 "■> Mar 100 12% 12% 12% 510 17% 17'% 17% 242 10% Feb 15% Mar 18 98' * — 57 .. 93 8 98% 8 100 8 55 101 % 101% 5 *• 15% Oct July 8 Nov 14% May 102% May 100% Nov .8% 9 262 8% Nov 11 Sep 22% 22% 228 22% Ncv 27 Aug preferred 1 15 15 15 879 12 Aug 15% Sep 24 24 1 24 Nov 31% July common Lawrence Paper • ' Co— preferred preferred 99 83% 82% 83% 302 80 Aug 85% l 42 42 43% 767 40% • 24% 24 24% 1,695 Aug 20% Mar 24% 50 47 46 47 810 44% Mar . Water & 4% 'r_. ; Power com preferred—— - - 48 Nov Sep 149 Oct July Williams Breweries of Canada * preferred 17% 17 . Canada Chemical preferred * Power 24% 16% 35 17% ' 2,060 17% 200 29 29 20 22 Mar 12 Mar Nov NOV 29 Nov 29% Jun 101% 10 98 50 16% Feb 6% 1.130 83 83 „ Apr 18% 98% 98% „ Apr 17% 17% 18 *[■' 27 11 % Mar 6% __ • . common 24% 16 * __ 100 — Standard 5 '/o 24% • com common 20 5% Mar J.un Jun 8% May - Steel Co 1% of .100 —, Canada • common Dreferred Tuckett Steel 81% 12 12% 715 10 Mar 10 Mar 50 83 Nov 97 Jan 460 82 67 Feb 82 Nov 25 Tobacco United 81% 7% 82 82 82 120 72 Mar 83 Sep 100 166 165 166 130 160 Mar 166 Nov 7 6% 7 600 5 Mar 50 21 * 17 16% * preferred 28% Corp •• - .8% May Jun 47 Viau Biscuit common 25 Witbasso Cotton — Walker Gooderham Weston 14% May 14% Oct 12% 12% 50 33 33 34% 7,435 20% Mar 34% (George) preferred Worts & 13% 14 100 11% Mar 15 Jan 16 15% 16% 12,118 12% Mar 21% May 9% 9% 25 4%% • common __ 25 17 510 28 28% 1.320 24% 24% 100 Jan 16% 24 25 Nov 18% Nov Mar Sep 31% May 22 % Mar 28 May Nov 13% * *—1 CM 12% 126% 9% 12% 75 128 1,555 33 13D 32 35 125 33 5Q 33 33 — 35 10 Nov 10 % Feb 16% 5% Nov 38% Jan . 99 99 99 • 29% 29 30% common— 100 — Limited 6% Aug 131% Electric preferred Zellers Nov 91% Mar —100 Winnipeg common , 98 __ _* preferred 28% 2,065 98 40 —25 25 - Mar 100 Feb Jan 32% 10 28% / 96 Jan 99 25 40 28%, 99 20% 34% Apr 45 30 27% Oct 29 Nov Oct May . May Banks— * * a 14% 15 Oct 9 Corp Southern Oct 30 > 12 __ class 400 58 • * Mar Mar 37% May Canadienne —10 23 23 5 9% 9% 50 Distillers Seagrams * 20 19% 20 2,285 16% Mar Bridge * 30 30 30% 1,370 27 Feb 25 20% Feb 20 400 20 Jun 21% Jan 24 23% 24 319 21 Aug 24 Nov 10 26% 26% 26% 1,290 25 Feb 28 Jan 36% 36 36% 37% Feb 25% 25 25% 25% Jan , 20 22% May Dominion 20 _10 , Commerce Montreal Davis Leather Co 25 45% Feb 60% 135 22% 4%% 18% May 40 1—25 — 19 44% ' * Crown Cork & Seal Co 36 19 100 Simpsons Ltd class A „ Aug 26% Smelting. II—5 & Sep Apr Aug 22 13 —20 Glass Aug 22 103 29 145 45 —• Voting trust certificates Jun 45 * 44% Jan Nov 1 Sicks Jun 18% 13% • Railway Mining 15 12 . _ Cardy Corp Ltd class A—., Cockshutt Plow —t Consumers Mar 13% _ _ Sep 19% .——49 Sherwin Nov 106 39 30 common 171 Mar 25 185 61 140 • Paper common Series A Sep 12 * — Canadian 9% Mar 48 89% ' __ 39% 61 * • Power 2nd Jan • Companies Canada 1st Jun 17% Mar "r25 Canadian Ind Alcohol class A Jan 16 Oct 35% Mar 13% ... _ 39 • * St Lawrence Flour Mills com— Jan 248 91 * preferred Foreign Investment Oil 11 101% 16,112 13% _ Canadian Canadian Mar 37 pfd... —20 Cottons common., Canadian Locomotive 98 21% ... Class B ' 15% ♦ B 162% 50 preferred St Jan 21% —— Canadian Converters Class 14% 39 $1.00 series 1 19 Jan Nov 28% May ,, Nov Mar 9 19 * $1.75 series 170 Oct ' Aug 47 *20 Canadian Celar.ese 14 — - 22 % 2nd ; Nov 30 Nov 36% — Canadian Car & Foundry common. of Lawrence . Oct 37 * common 100 14 • 25% 58 Sep Mar 455 1st St July 20% "50 Bronze preferred 100 — 21% 43 .751 140 __ 1 £o„ Saguenay Power 4%% Oct 14% Mar 190 • common— Canadian Breweries 115 ' 140 —160 preferred Rolland Sep 6% 36 23 30 9% fd— .100 p __ • common Bros & Co Ltd common Shawinigan Canada Safeway Ltd 4%% 20% • Provincial Transport 4% May 27% Sep Sep 28% 1,621 24 Corp 5 613 28% 2% Mar 50 9% common- Power 23% 23 23 16 23 • common 3,855 16 — 42% • ——100 Tubes River Power Jan 24 • Forest Apr 22% Mav 16% 26% .25 — Products Columbia May 23 com preferred Quebec British Jun 26 54 . Light, Heat & Power 80 72 25c 26% Paper class A. Light 1,103 21% __ . * preferred 66c 72 Telephone Trac 13 55% Placer Development Brazilian Sep Mar 23% common Products Page-Hersey 25c British Amer Bank Note Co. Jan, 45% 10% Jan 26% Warrants Asbestos Corp Bathurst Power & 45 41% Mar 18 * Ltd— Mills preferred 5 -k —100 * 125 23 33% May 21% Jun Class 0 B . _ Dominion Coal 6% preferred Dominion Foundries & Steel Dominion Glass common Dominion Stores Dominion Tar 26 Jan Nova Scotia 10 10% Jan Royal 10 20 20 Ye 280 16 27 25 23 Feb 28 Jan 37 37 20 37 430 30 Feb 38 Jun 325 32 % Jan 35 Jun 14 Feb 19% May Mar 25 16% 16% 17 * 24 24 24% 150 23 23 23 130 22% Mar Chemical Red preferred common-.-* 3,143 21% 21% 21% 100 20 Feb * 12 11% 12% 4,296 11 Feb 13% May common preferred Dryden Paper 168% 168% 169 6 165 • 25 25 25 65 Eddy Paper Co class A preferred——20 Electrolux Corp ; i 25 16% 16% 16% 85 16% Mar 15% 15% 100 14% Mar ^ & Heating Products- :—* Famous 15 Players Canada Corp.— Foundation Co of Canada * Gatlneau * 17% 100 104% Power * common 5% preferred 5%% preferred General Steel Ltd Wares 5% preferred Goodyear Tire 4% Gypsum Lime & Hamilton Bridge * inc 4% 5% , 52 5 50 Jan 105 13 Mar 9 357 46% Sons Ltd Lewis Bros 43% 52% 17 Oct 20 Nov 14% Nov Montreal Cottons preferred Locomotive see page-42. Inter Sep Canadian Lt Canadian Pr Canadian 200 20 36% 4,067 29% Mar 58% 57% 59% 5,870 46 13 Sep Mar 27 Jan 39% Jun 70% 11 Mar 16 % 25 39 Mar 53 Jun 800 14% Nov 10% Mar Jun 23% 65 23 Mar 26% 26 26% 482 25 Oct 162 162 162 30 155 18% 18% 70 16% Mar 14% 14% 40 13% Mar 17% Jan 14 14 14% 425 14 16 Apr 10 10 10% Oct Oct 3,515 Food Neon Commercial 162 9 19% 16 Feb 11 July Nov 21 % Nov Mar 23% 18% 135 16 Feb 21% May 34 590 33 Nov 38 & 36 50 38 % 6% 6 115 115 4% 4% 4% 2.360 3% Mar 105 105 103 125 78 % Mar 16% 16% 22 1 6% 75 10 4% M-r 74 9% Mar Feb 134% May *: 11% 6% 115 12% 100 11% Feb 22 23 820 15% Feb 23 Oct 49 47% 49% 310 44 Apr 50 Jan 16 % 16% 25 15% Mar 18 Jan 12% —* 12% 100 _.* 9 9 50 210 210 10 17% Ltd * • 17% 17% 200 • 237b 24 720 175 176 10 78 78 20 com—* 3% 3% 40 * 78 100 32% 32% com..* 2% 2% 79 • 53 56 325 _ Ltd 225 132 132 134 85 2 3% 3% 3% 1,150 * 53% 53% 53% Co__ 10% Mar 14% 8% Mar 210 14 12% Ncv Feb Alcohols ' Oct 61% Jan 78 Nov 2 Mar 4% Jun 8 Mar 39% Jun 1% Apr 20% Mar 2% Mav 60 Consolidated Textile Corp 16 Vr Mav Aircrait David & Class Frcre 38 Feb 1 12 May 108 Nov 15 Jan 15 Jan 25c Oct 50c Jan 15 15 Ltd com * 25c 25c 300 common • 5% 6% 3,575 11% 11% 950 Ltd— Mills Limitee B May Dominion 5% • 35c 35c 17 16 19% 16 7 18% 19% 11,502 * 37 37 325 _* com . class ; & 6,489 38 Feb 40 Feb Dominion Square 14 Mar 21 Nov Dominion Woollens 65 45 Jun 50 Sep Donnacona 30 Apr 44 Oct Fairchild A 45c 60c 1,575 Works Ltd Linoleum Corp & Paper Co Aircraft Ltd 50 32 10 Nov 14 Jan 130 Jan Feb 7% Sep Sep 3% 15% Jan A 35c 16 Mar Jun 14% Mar 9 40c 30 Feb Aug Feb 60c 17 July July 21% May 38 Oct 95c Jan 32 Jan 8 8 3 6% Feb 11 Jun * 43 45 375 33% Feb 45 Nov 38% 38% • * • 5 1.00 33 Feb 39% Jun 57 25 37 % Feb 13% 14 250 20% 13 % 80 57 * Worsteds Ltd 32 53% , * _ Engineering Oct 4% May 265 15 Ltd Oct 199 Feb Apr 13 * Cub 3% 113 15 Corp 130 13 pfd — Paper Jan 17G 112 5?r Ltd Jun 24% Jan 1 Consolidated Bakeries of Canada Ltd—* Consolidated Div Standard Sec cl A—* Prefered 160 Mar 18 19 % Mar 162 Oct Jun 225 100 ___ Adv Jan Jun 17% May * 14% May Feb 12% —100 Gen Oct 22 —50 com common Products Jan • 100 Inv Ltd 12,931 301 * * Ltd Co Paper Dominion Oilcloth 21 B Nov 13% 50 Jan Nov 21% Mav 18 19% Oct *16% Co Trust preferred Claude 33 36 7Yo Jan 12% 39.50 39.65 17% Sep Canadian Westinghouse Co Ltd Cassidy's Limited common Jun 18 20% Apr 13% Jun Nov —* preferred % 34 39.50 7 % 32% 25 * 40 & Pr Consolidated 13 16 45 : Canadian Western Lumber Catelli 23 25 20 15% Jun 9,384 250 17 15% 6% * Ltd Rand Vickers 20% 35% 20% 34% 2,680 17 15% 5 common Inv May 22% 12 7% 13% 25% May 46 100 Canadian 25 20% Jan — Ltd Co a Ingersol 103 13% 25 Canadian Oct 24% Mar 45 « - — Nov 21 % 310 - Investments 20% 20% 11% - Gen preferred 98 22% 11 1 Ltd Canadian Industries 20 . - Vinegars 475 * 11% * class B Canadian 35% * - Molson Breweries Ltd Canada 562 * 162 cl Ltd Products 13% • Co Packers Ltd 99% 12% Apr Dominion Elec 45 * Hosiery & 22% —3 - Butterfly 25% 12% Ltd B— Gen 13% * class Food « » Ltd Canadian 23% ! Co 98 20% i 55 100 Canadian 5 Ai & 25% — 5 Pulp & Paper com—* 22% — 162 Preferred Burns 7% Jan * 162 common May Nov Mar — Packers Columbia Company 9% May 49 12 25 Columbia British Brown Canada 60 14 ;_100 Mar Vancouver Jun Jan 765 - Mar 4 com.. Jun 17% 105 Mar 7,488 — 44 19% — 10 60 Sugar Canada Malting Co Ltd Sep July 14% Ltd footnotes, Feb 19% Export class A Mailman Corp Ltd common Massey-Harris McColl-Frontenac Oil Mitchell (Robert) For 23% 14% -.100 Montreal Telegraph Montreal Tramways 1,760 Feb 19% MacMillan Montreal 25 57 6% 14% pfd (John 46% 56% 56% 1,077 1,905 5% Jan 16% Power Secord Oct 4 common_5 preferred & 111 Sep ♦ Labatt Limited (John) Lake of the Woods common Laura Apr 2 9 * 18% May 107% 16% 32 of High 13 5% ——20 Distillers & Low 12%' —100 common preferred Canada 31 & Range Since January 1 High Jun Jan _* 50 17 % Jan Apr 31% Brewers 20 Feb — 18% May Glove Shares B_„„ class Hosiery 108 14 ; Lang 225 12% Paper Belgium 5 c/o Low „— & May 19% May 29 Oct 101 International Utilities Corp 7% 2% Ltd Power Ltd Sep 10 International Nickel of Canada-——* International Paper common— 15 International Petroleum Co Ltd —* International 30 16% 100 271 common 6% 83 15 — Steels Bathurst Belding-Corticelli Nov 103 - —— Bronze % 2% July 25 15 . International Mar 104 % 104 2% 25 Corp Nov 19 52 Mining & Smelting Acceptance preferred 15 125 240 103 preferred Indust 1,100 17% * Alabastine Imperial Oil Ltd— Imperial Tobacco of Canada 15% 23% 109% 109% , 170 for Week Par British 15 17% 50 1927 Howard Smith Paper common $2 preferred 1 Hudson Bay Jan 100 - pfd 11% • common— - 100 Oct 23% 100 - Bakeries General 15% 15 Mar 33% Aug 23% Mar Sales Range of Prices Friday Atlas 100 Week's Last Sale Price STOCKS— 22% July 7% 185 1,106 Canadian Funds Jan —23% Dominion Textile Enamel 26 % ' Montreal Curb Market 27% May Ltd & Sep Nov 34%' -34% * 1% preferred ! —, : Dominion Steel & Coal class B_: 9% 27 * — 22* 21 2,857 1.00 1.00 125 57 Nov 10% Mar 18% Jun 19% 23% May 80c Oct Mar | High Mar 100 Mines Flour Ontario Sep 24 • preferred 175 11% 22 37 Jun 56% 4% — Corp 43% 11% 23 • Noranda 21V* May 216 25% — 25 pfd it Amalgamated Electric Corp Anglo Canadian Tel Co 4%% pfd. —50 Argus 1,304 43% —* Niagara Wire Weaving 20 23 51 7% • Ltd Low 39 19% May 22% — Co of Can Range Since January 1 High 38 % 39 —,—25 pfd 5 National 49% 22% • Algoma Steei Aluminium —* common National Drug & Chemical Steel Car Corp.. Low High ■ Acadia-Atlantic Sugar class A— Aluminum Breweries Low Shares 0 Abitibi Power & Paper common— $1.50 of Prices Low for Week of Prices Par Week's Last Sales Range Sale Price STOCKS— Week's Last Exchange Canadian Funds Friday Monday, November 29, 1948 .. 2% Jan Volume Number 4755 168 THE COMMERCIAL & LISTED CANADIAN FOR RANGE Friday Week's Range Par Fanny Farmer Candy Shops Inc Fleet Mutor Co ot Foreign Lakes A Class 37% 100 2 2% 3,150 25% 26 pfd_. 100 cum M% 4% 1 6'r Paper Co 57 V2 57% Halifax 17 Ltd -de Hotel (Frank LaSalle International MacLaren (Can) & Power Massey-Harris Co ^preferred 67c Moore & Ltd Corporation Scotia Nova Nuclear Lt ; 10 pfd—20 75c Russell Stowell Union Distillers '.Mining 36 Mar 25 80C, 100 12% 12% 1.00 1.00 22% 23 1.405 73 74 650 125 44 May 10% Oct 15 Aug 17 Nov 21 Jun 75c Nov 25 90c Mar 4% Mar 25 12% 85c May 5% May 13Va Jan Feb 12 Nov 30 Oct 20 Feb 1.10 Sep 27% May 65% Feb 75% Apr Beatrice 17 100 pfd—, 1st 5,350 21 % 13 107 110 16 110 5 15 16 150 17 100 pfd—20 17 25 * 19 18% pfd——100 111 111 .— 6 7c Ltd—i A—^ Ltd 19 200 111 - 55 41c 7 "42C 4,301 16 41c 16 65 5 Mar - Apr Nov May 111 Feb Oct 25 Jan May 18 Feb 19 May Feb 5 - 17 16 115 13 Va 104 37c 16 5 Feb 5 Feb 7 Aug 9% Nov 25 17 Mar 24 % Nov 22 230 16 Sep 22 37% Nov 27% Mar 38 12 200 12 Oct 12% Jun 17 ■ 12 43 9 Apr 17 Nov 50 3,000 4%c 3c 12c Mar Jan 2c 2c 2c 2,500 2c Apr 10c 10c 10c 500 5c July 15c Jan -lie 10c 11c 8,500 8c Apr 16c Sep * 59c 53c 62c 40,300 12c Mar 4c 4c 500 4c Aug 7c Jan 6c 7c 15,000 5c Oct 33c Jun . Mines Ltd 1 Ltd 1 Ltd— 6%c l ... — 5C 5c 1.000 1 2%c 2%C 2,500 2%C 10%c * * Mines Ltd Corp 45c 1 Explorations Anglo 7. Ltd 8%c Aug 14c Nov Aug 59c Nov 8c 8%c 2,000 5c 5c 100 5c 5c 2,000 8c 8 Vac 4,000 1 14 %c 14c 17c 9,220 1 5c 4%c 5c 17,000 10c 10c 300 1 Lake Ltd Mines Found 10c Jan 16c Feb 5c Nov 5c Nov 11c Jan 3%c July 12c Heva 22c Jan 4%C Nov 13%c Jun 10c Oct 22c Jan 10c Mar r Ltd Lake 6,500 Lake Shore Lingside Mines Gold Louvicourt 33c Aug 66c 96c 65,600 55c Mar Mclntyre-Porcupine Feb Jan 70c 1.56 Jan Jun Argus 3c 22,500 5c 5c 2,000 5c Oct 15c 8%c Oct 24c Jan 10c Nov 10c 500 2,300 5c 20c Sep l%c July 8.50 Jan 6%c Mar 16c Jun 13 Feb Nov 1 7c '7c 1,000 4c Jun lie Jan 1 2%c 2%c 10,171 2c May 3c Feb 1 4c 4c 1,000 2%c 45c 47c 3,000 25c .1 - .. ... 6%c 6%c 10% 10% 1 5%c 1,000 250 1 Ltd Feb Nov 6c Oct 13c 10% Nov Arjon Calumet 6c 3,000 30,800 35c Nov 9,100 40c July 35c 39 78c 3c 50% 50% 50 2.20 2.20 200 4%c 3,500 Jun 88c 4c ■ New Louvre Mines Gold — Ltd 1 Mining Corp „.Normetal O'Brien Ltd Mines Mines Ltd Ltd —— 4c 50 Pato Cons Gold Piccadilly Pitt 3.10 1.46 1.50 5c 5c Mining Co Ltd 3.35 3.65 450 3.30 Feb 51,000 9%C Apr ; 16c , Labrador 13c Crest Gold Rochette Gold Mines Mines 6%c 6 Va C 6%C 1 58 %c 57c • Development—— 6%c 1,700 2,900 1,000 Ltd- 1 62C 29,400 6c 7c 22,200 15 825 5c Ltd Co 5,000 ;15 ——* * Creek Sheep Astoria Mines Atlantic. Atlas Gold * Aubeile Siscoe Gold Sullivan Mar 5c 1.55 Mar Nov i — Mines Toburn Gold Malartic Bagamac Bank of Bank Bathurgt & Decalta Oils Footh'lls Oil Co Beatty Bros Bell New Oil Co Pacalta Okalta Oils Omnitrans Pacific Ltd -1 - 5c 1,000 Bertram & 2,115 15c 410 7%c 2,000 6%c 7c 10,500 12 12 25 20c 22c 5,220 20c Nov 12c 8c 12c 65,650 5c July 4 Vac Mar 57c Mar Oct 9c 89c Feb 65c Jan 15% Oct 2c Sep 6c Jan 12c 1,000 8c Jun 17c May 17c ,51.000 7c Oct 17c Mar 40c 1,100 35c Apr 50c 53c 6,617 5UC Mar 67c 4,900 99c Mar 1 1.14 1.14 200 5c 5,000 1 a C 5c 7 — 1.20 - 2.08 Apr Jan Jan 1.14 Nov 5c July 1.51 Mar 19 Vac Jan 43c 43c 420 43c Nov 1.05 1.51 273,200 34c Sep 43c 2.60 3c 2c 3c 15.000 2c 9c. Jan 4c 5c 17.000 2c July 5c Nov 8c 8c 1,000 8c Nov 8c Nov ■ s . . . « .. _ * _ _ Exploration Petroleum footnotes, Ltd * _ 1 .. • __ see page 42. Jun 14% 5 Va c Oct 35c Nov I6V4C Jan Nov 12c Feb Mar 27c Nov 1.10 66c 1.15 101,300 12% 13 2,900 12c 12c 500 9c 10c ll%c 30,100 8c 15c 17c 7,300 15c 2.75 2.95 1,700 19c 21 VbC 7,050 1.15 Nov 13% Jun Feb 16c Sep Apr 16c Sep Sep 25c Jan Sep May 10 Vb 2.75 Nov 4.00 Feb 26% 26 26 %v 36% 36 36 Va 36 36 Va 8 Va c Mar 29c Oct 1,345 25 Feb 28 Jan 130 33 Aug 37% Feb 110 32 36% * 59 %c —* 21% 21 % 21% 480 * 42 42 42 75 38 Va 8,700 7%c — A 52c 62c 146,750 38% Sep 69c Mar 9c 17 Jan Nov 22 Oct 42 Nov 24c Mar Apr . Jan 1 8%c 8c 9c 43 Va 43 Vb 43 Va 2,854 42% 1 30c 30c 35c 1,000 25c Aug 65c Jan) class A———* 19 19 19 215 17 Oct 19 % Nov Eevcourt 1 21 % c 21 Vac — Gold Biltmore Bobjo —_—— Kirkldnd Gold Hats class A preferred- Bidgood Oct 44 Sep Oct * Gold Bordulac 3,500 18 %c Oct 60c Feb 14c 3,800 13c Aug 28c Jan 19% 21 Oct 13c 15c 7,000 10c Mar 17c Jan 11c 12c 3,000 11c Nov 29 c Feb 1 ———— - 5c — 5c 500 18c 20c 2,500 3%c 1 Mines • Pershing Boycon Bralorne 50 14c 1 Ltd Gold Bonville 24c 13c 19% 13c 1 11c Mines _ — • Mines 7.00 4%c 9,000 6.90 7.00 625 •a* Brand Millen & Traction Brazilian Brewers Brewis olass Jt-—^ A— Light & Pwr com—* Distillers & _5 _ — — Lake Red 2VaC Apr 5c Nov 16c Sep 57c Jun 3c Sep 6c Jan Oil 50c 18% 18% 19% 15 15 15 5 6c 7c 2,000 24 24% 1,900 26 455 200 1,640., 20c Sep 17 Feb 13% Aug 4c Aug • 24 % 26 25% 90 90 30 3% 3VB 3% 2,575 6% 7 110 26% 26% 26% 240 3 3 67-') 2 Apr 39c 27c 40c 205,900 16c Feb common— _ 11 6.50 July Feb 1.00 Feb • 45c £V 18% May —25 American Preferred ■ 1 British Columbia Electric British Columbia Forest British Columbia Packers British Columbia Power Class -100 pfd — Products class * B—_♦ * A * B British Oil——— Dominion Broulan -* Porcupine Buffadison Gold " 22% May 16% Jan 8c 20 Feb 25 23% Jan 27% Oct 99 1 Buffalo Canadian 3 Mar 4 % Mar 24% Jan Oct Jun Nov" 'Jan 4% May 8% Aug 27 Vt 3% Sep Nov Jan 29c 1,700 25c July 37c 20c 3,000 15c July 99c 1.63 600 16c 17c 11,000 6c Aug 30C 1.25 July Sep 40c 17c 28c 17c 1 — 86% 1.60 1 — Ankerite • 2.40 Jan Jan ; 8c 8c 9,000 6 V«c Aug 25c Jan 34% 34% 35% 210 28% Feb 36 Nov 4c 5c .4,500 * ... * —— • B— class A 13% * *— Co class & Nov 1 Products Burlington Steel 16 %c —* Lake Red Hill Burrard 17 * Calder Bousquet 1 2nd Linen preferred— 8 %C 13% 13 Va 17 17% 95 7% 100 7% 7c * Edmonton & • 100 3 Vac. July 5%c Apr 11 Jan Feb 15 Feb 21 Sep 7% Aug 9 Jun • 13% 7c 16% 6.15 5.60 6.20 7c Aug 15c Feb 200 7c 16% 14 Vb Jan 16% Nov 20,360 3.65 Feb 2,000 7.60 May * Lake Red 7%c 7%C 8%c 12,700 6c Feb 18c Jun 1 Flon_. 54c 44c 54c 15.100 34c Mar 65c Jan 1 Canada Bread common Canada Cement 2.10 1.90 2.15 2,100 * —— Canada 75 * common Malting • —* 23 Canada Northern Packers Power class 49 • A 23 V4 350 27% 20 Preferred Class Canada Canada B 2.90 Nov 27% 55 2% Nov 3.00 Mar 49 49 250 9-'% 9% 50 4% May 14% Mar 24 Va 27 Nov 29 Apr 53% Jan 43% Nov July Sep 11% Jan Sep 38 15 Va Mar 18 9 • 33 33 33 190 16% 16% 16% 335 186 187 3 - 33 • ..... Permanent Apr Nov ' * 14 14 14% 185 11 14% Oct 36 36 37 116 35 Feb 42 Jun 22 22 45 20 Nov 23% July Wire Cable & Canadian Bank Canadian Canners B——* Breweries Canadian class Commerce of 1st • Canadian Car class A Celanese 6.20 1,700 14c 16c 9,850 11c Jun 32c Jun 43c 45c 1,500 38c Feb 52c Apr Canadian 25 VaC 28%c 92,750 25 Vac Nov 28 VaC Nov Canadian Indus 3.75 800 3.25 Jan 4.00 Nov Canadian — Malartic Nov 24 Jan 226 16% Mar 22 May 28 Jun 26 160 23 Apr 80 17 Mar 15% 15% 16 980 15 Va Apr 18% Jun • 90 90 92 165 56% Feb 95 38% 39 110 34% Feb 820 8 ' Mar 7.50 May -- 18 % 21% Jun Nov 40 Oct 12% Jun I Class 8% r A 8% 9 Nov July 90 Feb Sep 260 Jan 10 Mar 14 Oct 21 Mar 34 % Nov 88c Feb 13% 215 78 78 15 210 210 10 205 12% 12% 475 • 33 34% 1,425 • 60c 60c 2,900 78 Electric——50 General Alco 1.60 1.91 2,300 1.25 11% 13% 9.455 5.20 Feb 13% Nov Canadian 14c 30,000 8c July 32 %c Apr Canadian 1.60 1.57 1.60 2,500 75c Mar 1.82 May Canadian Tire 8c 6c 8c 1.000 5c Juiy Canadian Wirebound 3.25 3.05 3.25 1,300 24 24 50 "A" voting • 15% July 12% 77 Va 13% —~—100 Preferred 12%c 3.05 17% Mar 18% Canadian Food Products common— 14c 16 14,153 26 4.10 Nov 13% Jan Nov 21 18 Vb 25 Locomotive 1.62 Jun. 23% 19 July 18% * 5.70 3.75 31 21 18% common.— 6.20 28c 21% Mar 695 —.20 preferred 18.600 Feb 125 23% 18% 20 preferred Conv 24.000 3.75 26% —* common 40c 40c 20% 26 23% 26 10 • 4.10 Jan Jan Jan 25 29c 1.60 Mar Mar 201% 50 Varnish 3.40 19c Sep common Preferred Canada 180 preferred Lines SS 100 Mortgage 39c — . Jan 39c 25 15c « 1 Ltd 15c Oct Mar 33c ——! 4.10 _ Co Jun Nov Nov 4c 1 « _ 75c Mar 6c 11 12% ' 1 Ltd Co 6c Oct 7% May Nov Jan July 6c 13 1.32 — Ltd. 5% Mar 10c 10 45c Co 21C 6%c Mbr • Oils 50c Lid Corp Jan 4c . Flin 1.25 Ltd-—— —_1 Dev 31c 1,550 1 class Sons Calmont 15c 39% 50c 1 Ltd — Gas Royalite Oil Co Ltd For 6% 10c Nov * ———— Callinan Apr <1 Oils 5% Oct 8c 58,600 Yellowknife Feb 3.25 Ltd Ltd 500 10 Telephone Berens River Jan 1.45 Mar — Gaspe Oil Ventures LtdHome 14c 10 -—* 5.80 • 1 Ltd & 14c 12 16c - Mining-—— Power 16c ■ 12,200 1 Homestead Oil Oil 14c Jun July 5%c Scotia Canadian Consol 1,500 4 Vac 13c Toronto Metals Base Caldwell 12c. * Calgary & Edmonton Corp Ltd— Dalhousie 9c 29c 5%c — Nova Calgary 2.15 * Oil Co Oil 68c 183,700 1 Preferred Dom Apr Nov 500 9c 5%c Montreal of Jan Oil Stocks— British 9.20 13 %o — — Mines of Bank Canadian Anglo-Canadian Jun 29c 1 Jan 1.96 — Mines Nov 8.25 1 Gold Nov 2.10 Ltd Wiltsey-Coghlan Nov 4.15 Nov Ltd Mines Nov 65 %c 29c Aunor 2.17 1.85 Corp Mines 29c Oct 1.35 Mar 6 %c 16c 3.15 1.01 Mar Ltd- Mines Vinray Westville 910 1 7 Vac 4,600 Ltd Asbestos 8.65 10 %c Nov 1.46 1.85 Ltd Mines United Apr 1 Canada Gold Thurbois 8c 49c _1 — — 4 VaC Aug 1.55 1 (1944) Mines Sylvanite 44,500 41l/ao Jan Jan 1.60 Mines- Ltd. Mines Cons Feb 7c 1 Mines Bunker 50c Sherritt-Gordon Mines Ltd Stadacona 15c 16 %c 22 %c 6% r 1 Yellowknife Building 16c Ltd— Mines 3,500 Jun 115,300 126,650 -_**_10 (1937) Oil Steels Atlas Buffalo ;l_50c * 35c 10c 21c A ... Quebec Athona Jan 1 Ltd—; Mines class Oil & Canada Santiago 37,553 7c Ashley Gold Jan 2.30 Oct 16c * „—1 Quebec Manganese Mines— Quemonfc Mining Corp Ltd Red -1 Mines Ltd _1 Gold Jan 11c 80 1 - Campbell Gold Quebec Dredging Ltd— Porcupine Oct 38c 10c 60c 1 —— Feb 65 Nov 2.98 Ltd--* -1- Jun 25% Mar 4.15 8c • Rights L45 8c Mar 1.50 -1 Mines 65% 24 10c J— Hardware 1.90 - , Nov % 3.00 — — ' Cadallic Gold Pandora 44 Va Mar 185 50c Gold Burns New 1,380 25% 14% Mar- %c 37c 81c -5 — 6c 58c 94c -1 _1 — Apr 57% 3.35 __ • common Buffalo 10% Ltd Oct Mar ^ 1 - 87 Jan 4,500 11%' Ltd- Jan 33% Mar 8.50 _1 — — ^ Corp British 11c 12 %c 5c 11c 11 ■ Mines ■J 2%c 2%c 10c Mines Ltd.. 1.95 3.50 Aug 1.65 Mar 2,000 ——_1 Ltd 1.40 Feb 5c 5c Ltd———5 Ltd Mines 23Va Mar Sep 500 88c 13c 435 Nov 3,600 Ltd Mines Jun 16c 2,000 1 — Goldfields Macdonald 1.09 30 Vac 35 c 1 Ltd Mines Nov 4%c 1.60 * Rowan 50c 12 %c Mar 3.00 1 Joliet-Quebec Mines Ltd Lake 1,000 35c Ltd Ltd— Mines 500 13c 1 Mines Consolidated Gold Jack 21c 12c May Nov 1.60 — Hudson-Rand Gold Mines J-M 53c 21c 72c Aug 13% 2.80 - - Cons Gold 53c 21c 43c 1 Ltd—*, Gold Mines Bollinger 406 12 %c 1 22,000 52c - Sep Nov 26c 4.00 • Mines 14c Nov 1 — Mines Mines" Ltd Mines 15 %c • Apr 87 %c Jan Sep July 3%c May 33c 1 . Mines Area Beaulieu 7 VaC May tl Ltd-* Ltd Gold Lake 2,000 1 — Mines 50c 13% * Formaque Gold Mines Ltd Goldvue 48c 13% •—1 * Ltd Mines Ltd---— Ltd Gold 50c * Mines Mines Goldbeam *——1 Mines Ltd Sullivan Eldona Mines Ltd Malartic East East Elder 10c * - 55c Feb 3c 8c . 5c Nov Feb 18c 5c Ltd Mines 5 %c 42,500 _i Ltd 68 %c Nov r 54 c _1 Cadillac Mines 1 —. Rouyn Bonetal Gold 25% 56% 9% Jan 58,200 8c 10 %c 42c -—1 Ltd- 3%c 2%c May 1 - Cournor Mining Co Ltd Gold 55 % * 8c Jun Nov 1 Ltd—' Cortez Donalda 51 Oil Anglo-Huronian Jan 1,620 4%c 0 Ltd, Mines Central Dulama 4%c 49 Mines Yellowknife 22 May 1 Consol Duvay 4c • Lead Ashdown 9% 17 -1 .* Minerals Gold Red 4%c Aumaque Gold Manitoba Mines 26c 25 Armistice 24 % / Dome Larder Canadian Jan 37% 12 * 1 Candego Gold Mines Dickenson 22c * American NOV 22 *—_« .1 Mines Mines 26c NOV 103 Sep 7% 1,000 5,800 Nepheline 45C Feb 9% Ltd—'■* — Oil Mining 72c Apr Sep 5c Jan 13% 24% — Bouscadillac Gold Mines Ltd— Century 72c Warrants red Bouzan Gold Mines Ltd Chesklrk Amalgamated 16% 514 Canada pfd Aquarius Porcupine 201/2 class^B^l^:r— Mines Centremaque 9% 21V« May 24y4 Oct Mar 97 5 8% 19% May 18 1,000 8% High 12% Mar 500 100 6 %c • — of 21% „• Gold 23% 100 Apex Gonsol Resources- Lake Gold Red Ltd Co American Anglo 22% common—* 14% May Ltd Gold Aluminium Anacon 22 % —.1 * Steel Aluminum 2,085 —1 Gold Algoma 775 '20 Vs 1 Cons 20 Mining Corp Ltd Lake Alger Pacific Apr * Metals Alberta 15% 20 6 %c — Apr 57c Ltd & Mines Central 7,060 26%, Apr Yellowknife 19% Ltd Gold Bob's May Stocks— Mines Bonvilla 19 15% 20 • 10% Arno Base Jan Low 15% * * Surpass Akaitcho Range Since January 1 High * A Oil— & 10 — Ashley 14% 12% Agnew Low 100 Gas 50 Alger Gold Mines Ltd Aubelle Apr 990 22% Ltd- (J Cl Hotel 8% 240 Shares • Preferred Acme 13% of Canada Products 100 preferred Acadia-Atlantic class 19% Canada United Wilson Ltd 10%: 275 of Prices 20 $1.50 13% Corporations Windsor May Abitlbl Power & Paper common. 19% Co United Westeel 15 75c ~ of Jun 18 26 % — tt Gas 14 73 Co Ltd class Sci*w Class 5 39 for Week Par t Ltd Power Invest Jan 12% -10 .—5 Co— Ltd Industries 9 11 Sales Range Bale Price STOCKS- common* Ltd Southern Canada Jun 5% Ltd—, Corp of Can 6% Southmont Jun 5 Quebec Pulp & Paper 7 7c pfd—— (Cam 15% 17 26 % * Enterprises Reitmans Sep 8 . Paul Service Stores Ltd_;—__1—71. Power 10 25 11 common^. Paper Pr & 90 39 17 „itc*——— -10 Ontario Jan 39 10 „— Canada 01 Minnesota Jun 45 17%' —* conv Distilleries Ltd Melcheys Mica 6W'fo 20% 14- .10 Vr Week's Last ail Nov Feb 17 Ltd 6 62 y2 Nov 1714 Co Paper Teleg & Tel com"Rights" when, as, and if Apr Feb ' Friday Jun 16 M Maritime 27 Exchange Canadian Funds Jan 40% 10% „ , 3'/a > TofmIo Slock -Jan 3% 425 A-"5 cl 49 Sep Jan 215 * (Walter M) Leaf Milling Co Maple Ltd 2 21 42 % 8 14 36% Mar 25 10% 8 A class Ihc Paints -Lowney Co Ltd 10% f 0 Wl 39 26 High 6,162 17% 40% com Insurance 60 Horner '4% 40% Ltd — * l,y58 61 %• -—10 preferred Low 2 V« Companies (2250) MARKETS NOVEMBER Range Since January 1 High 25 3'4 A*. class Canaua Sec Power Fraser Great Shares 37% Manufacturing Ltd Ford LOW 1 — ENDED fcr Week of Prices WEEK CHRONICLE Sales Last Sale Frice STOCKS— FINANCIAL 60c Nov 2.25 May Oil Cos • common Pacific Railway 25 1 Corp 12% Mar 21% Jun 50 23 Nov 26% Jan 24% 24% 100 24 July 1,200 3.25 Nov Cariboo Gold 1 1.10 1.10 1.10 Feb 27 Oct Castle-Trethewey 1 1.51 1.51 1.51 * Jan 11,736 23 Nov ; 15 450 16'% 23 Feb A Mar 14% 15% 16c class 11 13% 15% —* 24% 100 26 Sep Aug 2.65 Jan 1.20 Mar 1.80 Jun 1.00 -- 40 * THE (2260) COMMERCIAL & CANADIAN Week's Range Friday Par Porcupine Central Steel Chatco common Chemical Research Cheskirk Mines Gold Chi mo Chromium 2.50 —#1 ——— 1 * 1 — Plow Lake -—— - Yellowknife Colomac Petroleum Commonwealth I-30 5%c 33c 1-85 134 4c 25','aC 1.80 * — Willans Cocheuour Cockshutt — * * — Oils Coastal 112,050 13 — 12-% 16c — 6c 1 1 1,200 7c 13 16c 6%c 70c 17c 500 16 }6% 2,280 13% Mar Ac 4%c 7,000 3%c Sep 6c Nov 2%c 2%c 1,000 l%c 3c Aug 5.00 Feb 1 Halliwell 1 Oct Hallnor Mines Gold Hamilton Hard Feb Harding 79c Oct 1.30 Nov Aug 6c Nov Harricana 35c Nov Ilasaga Jan Heath 707 2.43 1.72 July 8,850 10 17 Feb Bcattle Mines Consolidated Duquesne Consolidated Homestead Oil Nov 16% Jan 230 10 Oct 11,545 42c Nov 50c 13 %c 54c 16c 1,134 50c Nov 70c Sep Home OU 37,500 lie Jun 32c Jun Homer — —* ——* -1 1-30 — 10%c * — 1 — — 152 — 131% ,91% Mar 2,289 10%cl0%c ... — 203 70c Nov 154 Mar 145 12,680 common Mines „— —.— Crowshore Patricia Ho.sco Gold Nov 500 10c Nov 22c 5% 600 25c 8,900 Mines— 35%c 51% 38c 51% 7,100 7c 8c 1,000 Nov 35c July 35 %c Nov 90c Jan 55 Oct 19c 6c 8c 9c 4,600 7c Oil 4% 33c 44c 70,300 10c 21c Mar B pioqc 10 10 95c 18,900 10c Mar 24 %c 1,200 50c Mar 75c May 8,500 5c Sep 9c Sep 7c 7c 9%c 12%c 9,500 20c 29c 377,100 — ———! 7c Aug Jun 13 Nov 11% 13% 34,839 5.35 Feb 13% Nov 5Vic 2,000 4c Oct 9c Feb 17Vicl8%c 6,000 ,12c Nov 42c Jun 28c 31c 11,450 18c 56% 56% 56% 6%c 10 5%c 27% 19% 14% 14 V* 895 ■t Mar Jan Oct Gold— Lake _.A Co—— & 25%. 25% 5%c 120 60 Nov 7%c Nov Apr 12 Nov 20 Nov Mar . 28 Mar 14 1 14% Jan '24% Mar . 4,000 8% 9 260 37c 700 34c 26 26 105 25 35 9 6c 37c 6 Inspiration Mining International 1 — Metals class 8 Sep 11 Jun International Nickel 19 %c Nov 29c Nov International Petroleum International A Uranium 1,60 Jan 95c 1.05 1,700 95c Nov 9c 10c 21,000 5c Mar 12c lie 14c 42,700 10c July 45c 52c 28,100 43c July 82c Jan 25c25%c 19% 20 18,900 -23c Sep 64c Jan Feb 22% May Co " 0 —. common—* 35% * — 35% . 12% 46c 44c 49c 4c 47/8c 12c 15c Oct Nov ; 11 May 55c July Oct Jan 29% Mar 31% May 39% Jun 11 Mar 16% 40c 7,500 15c 10c Aug 8% Apr Mar 35,900 4c 1 13 25% - 4c , 3,585 12% Nov 36c Jan Jun 23% 925 14,607 . < Jan 2c 59,000 28 19% 15c 43% 1,190 6%c 28 14% 25 (John) Feb 8.50 —19% — Jan -2,685 29c * l — Jan 11% 11 Nov 26% July 9Vac ———1 — 23 21% 30 29c ~IIII—IIII—I—III* Ltd Delnite Mines 23 " ■ Oils" Decalta 35 23 A———* class 16c Nov 10c 10 Vic 18c 1 preferred Indian Apr 44c Mar 40c Leather Davis Jun May 25 8'/8C >—— 5c 13% Imperial Tobacco of Canada ordinary_5 Mai- 42 Bank Jan May Sep 1.04 29c 1 1 — Imperial 6% May 4% Mar 18c. 1 Mines , 12c 15c 500 Jan Petroleum —*—————* Davies - — Inglls D'Aragon Nov 5%cJuly 5Vic * Yellowknife Hudson Bay Mining & Smelting Hugh Malartic 32 — ———————1;/-,. Mar 63c 4,900 11% Howey Gold Jan 20c , 5c 4,800 7c 12%c Jan 25 5% 38c 1,000 4,867 30c __ L—5 Nov 1.60 Mar 320 — Pershing ———*.1 Crow's Nest Coal—:————.——100 Croinor 7c 9c 65c 61 Vic 62 Vic * — Sep 13% "Jun 7c 10c ——* — Hollinger Consol Imperial Bit Craig Crestaurum —; — 35c 9% Mar Jan 85c Hlghbridge Mining 9% May July 29c __ 30c 1 —; Apr 17% May 6% Mar 12c 7c 1 Highland-Bell Oct 7c 37c Apr 63c - „ 63c 1* 9c 47c 16c 7c " 1 75c 46c 11% — Exploration 1 1 Apr July 5c 1,500 125 127% 151 152% 1.30 1.40 30% 32 Imperial Mills Cournor Mining i „ __l Mar 14,000 H% 43 %c 126% Cosmos 265 Heva Gold Mines 70c Consolidated Mining & Smelting--. 5 Consumers Gas ;•—rJLUO Conwest 12% Mascot 43l/4c * —.—2 1 • Bakeries Consolidated 12% * : — Highwood Sarcee Consolidated 7,600 . Nov 3.50 Mar 310 23c Gold Feb 17c 150 9 21c Gold Hedley " 8% Gold 27c 16c 1,200 Aug 3.50 8% 21c — Harker Gold 2c 17,900 Mines Carpets 3.50 —. » ——„1 —— Gold __ 1 ——— Bridge Rock 13 Vic Aug 1,180 29,800 High 17c Halcrow Swayze 30c Low nc 16 % Jan 3.00 Mar July Range Since January 1 High • Sep 12Vic Nov Jun Low Gypsum Lime & Alabastine 75c/ Mar 2.20 Shares 1 33c Mar 4c 9,782 Jan Gold 70c * — 30c 6.400 19,000 Gunnar 13% Nov for Week of Prices Par Nov 1.40 Mar 11% "25 I;30 July 13c 5,000 5%c 35c 1.90 High 1.75 1.05 Mar 3,500 46c 54c 9c 2.23 2.50 127/«c 12 /hc — 41c Sale* Range Sale Price STOCKS— Week's Last Low 1.20 110 50c —1 - Malartlc Citralam Coin —r-T —1 — — Mines Chesterville 2K Friday High Low , * 1-65 .——1.12 Gold Mines Patricia Central NOVEMBER Range Since January 1 Shares 1.75 1.15 1 — 14c 15c -—.»*-«—11^11/4 Oil Central Leduc ENDED for Week of Prices MARKETS LISTED WEEK Monday, November 29, 1948 Sales Last Sale Price STOCKS— FOR RANGE . CHRONICLE FINANCIAL 18,045 Sic May 7c Jan 21C Oct 4c .'( ' Jun Nov . , Mines-—— Nickel Denison —1 Red Lake Detta Dickenson Lake— Red Diversified Ltd— Dominion / 14 26% 25 Steel—„—1 & ' Dominion _* 20% 20% preferred Foundry ' *« ' * Investment Dominion Steel Dominion Coal Stores 14 26% • . _ B—25 Jack Walte Jacola Jan 65c Mining M Oct Nov 23.% Mar Sep 27 Feb Apr 22 Jun Kelore 28 Jan Kerr-Addison 16 Mar 22 ■ Joburke , 11% 5% '100 42 42 Gold 25 Joliet Quebec Mines Kayrand Mining Kerr Kirkland-Hudsori Feb, 19% May 137/s Lake Kirkland Jun " 17 567 24% 24% 35 21% Mar 23 40 22% Mar 27 % May Labatt 85 19% Mar 22 % Aug 112 23 Nov 26 Jun Labrador Mining & Exploration— Lake Dufault Mines— 315 11 Feb 13% May 18% Jun Dominion Tar & Chemical common—* Voting —23 1 ;i>: Preferred 26% 23 % 21% — trust certificates 21%; 23 , "23 Townsite Dominion Woollens 12% 11% -w—♦ — 13% 13% 12 % Gold 10% Mar 770 14 1.10 50c 62c 38,700 48c 22c -23,100 •17c J an 30 Vic 99,000 4c Aug 16c 8%c 1,500 7c 9%cl0%c 57,310 I — Duvay Gold Mines 57c 1 12 %c 11c 13 %c - Nov ' (John) Amphi East Crest — 8%c 1 — Oil- • East Leduc Oil— 10%c : •39c East Malartlc Mines - 1 - 36c 39c 1.50 1.65 1.65 Ltd 9,965 '< Feb of" Woods Nov 50c Feb 1.33 Aug <• • Feb Larder Sullivan Eastern Mines— 1 Steel • — 19% 2.80 3.50 1.64 Mar ,2.95 8,405 7%, 7% 19% 19% 7% —* - Easy Washing Machine 2.95*.:, 880 6% Sep 200 15% Feb 10 Jan Elder Sol 22,500 24c July 1 Mines Gold , ; —— Empire Brass class A—Eureka Corp ' Mar 16 335 16%* 16% 90c 67c 98c 383,750 55c 8c 8c 9c 11,200 8c Nov 35c, ., ——I 92c Falconbridge Nickel • Famous Players:—,.— • Fanny Farmer Candy Shops_T_——_l 32c 35 %c 19% 19% * _ 4.25 15% — /, Mar 1 —I Gold - 16%* —20 — Mines Eldona El class A—— OK 19%. 19 Gold Leitch May 63,825 4.25 4.45 2,100 15% 15%, com 111 » Motor . ' 5% class 16% A— eVic 1 21 Exploration Power ' • —4 common —1— —100 : — Steel Jan 115 Mar 85 10= 4c Sep 7% Feb 2 Sen 3% Jan Feb 16 % Nov 900 150 26 I,050 7V'«c I,000 60 70 13% 21 27 Feb 45 5,450 85 30 85 17%, 40 .16 105, 15 2%„ Apr — 17% 104 17% 17 62 ' 27%' —, Mills 7%c Feb Jun lie 3c 3c 5 Vi c 6c 14c Nov- July . Gold 20 Goldfields 8 885 28>/i' 380 :1-_ 8 101 Ncv 108 2 Sep 15 16 May 91 17 17 37/8 24Vi 35 • - Jan 31% Nov Nov,; 100 100 17 30 14 Mar 103 25 =99 4.60 7,842 10 ' Maple Nov 17 Apr 2.90 Mar 6.10 Jan 7,800 6 %C Aug 14c Feb 3c 2,000 2c Aug 4 Vic Nov 82c 75,200 52c Mar 83c Nov 36c 39c II,133 36c Nov 10c 12c 4,000 11c 19c 17c Nov 6c 8c 3,000 1 2.68 2.60 2.69 12,650 1.95 Mar 3%c 3'ic 4c 15,000 1 Mines 7C J Mining Goodyear Tire common ioc ; 17.000 3C • Preferred 2c 3,000 101102% *; 50 Grandoro Mines 13c 25 —; 52 V2 17Vic • 52»/2 5234 335 17%cl7Vic 500 • . 17 17 preferred— ; V Great West Coal « 41% - - 1 page 2c 9c 25Vic Aug Jan 49 13Vic 17 120 Feb 53 Sep 18c Nov Oct July 2,050 42. 15% Mar 20% 44 % May 15 % Nov 41% 350 40% Mar 15% 75 10% Mar 10 10 55 80c 87c 6,300 6oc Mar 55c 70c 7,200 55c Nov , 62c ; 9 500 -10c 14c 1.94 14c 16 %c 1.80 82c 94c 28,020 10c 10c 13c 15,000 26Vic 32c 12,100 1 75c ,10 75c 7,400 10% 7% Gold Mines 1 Gold Grain 12,150 3c 3c 3 Vic 11 ,12 910 4%c 4%c ' 4%c 1,000 1 July Aug 15c 40c Oct 75c 9 Nov 2.10 A— 2c 11 2 common * 3,405 16 15 26% 130 24 Mar 9 <13 % 13c : 8c 3c Sep 6Vic NOV Mar., 12% 13% 2.000 9 —. 6%c Nov Vic Nov 10,600 Jan Feb 1.95 Jan Oct 22% Sep 3.15 Sep 9 Vic 9% 40c Apr 4%c Feb July 11 t Nov 26% — - . 12VzC Oct 1.50 Jan ,1.54 4% Mar 9c 22 1.95 "Feb 4c 4e Oct 31c Jan 6c Nov Mar 23% Oct V. 30 1,600 7% July 9%" Mar 9c May 16 1,500 16c 100 ? Nov Nov 21Vi — ' • - ,r Jan 6c 13c «.«• —20 class McColl-Frontenac * Nov 3.00 40c 31,500 11 25c L 1 ; common , McCabe 37,300 1.74 * ■ Martin-McNeely Massey-Harris Preferred 16,000 40c 1j60 * Milling — 2.20 25c 1.70 1 Eastern —_= ' Feb , 25c Aug 26 %c 1,100 2.10 2.20 —„1 ^ — Fields— : —110 7% * 76c 10 » 20c 1.80 Nov 5,960 Jan ■" {<"'4;*' •' 1.50 Feb July 6c 31,000 30c * 78c <-■ 1.95 9% Oct 1 ;May ■ McDougall-Segur Mclntyre Porcupine Gold July Nov j; ,Mar » 1—5 — 50 Vi 50 1,010 50; Nov 1 33c 32c 35c 11,800 29c Nov 75c ——1 McKenzie Red Lake 9c 7c '9%c 94,000 1 %c Oct 10 Vic Nov 1 12c 12c 13c 2.020 8c Jun 29c Jan k 7e Oct 50 % McMarmac Red I • McWatters Gold Mercury 66 Jan • _• 8c Corp 8c Jan ? 1,091 15 Vi Mar 21%; Nov •: 6 Vic 28,000 5 Vic Mar 11c .Jan :* 1.50 100 1.15 Aug Jan 1 11c ll%c ' • 21% 1.50 — 21 % » Brick Mining Oil 21 6c — * Mills Mid-Continent Model Oils lie 7.031 6.10 Mar 8.875 2,500 Containers 22c common. * Locomotive 58c 13% 13 Vi 250 11 Mar 14% 37c 42c 6,200 28c Mar 54c 21 19 Vi 21 7,045 14 May 21 13% ' 58c . Oqt Nov Jan May Nov 73 74% 190 65 Feb 76 Apr 26 Vi 26% 75 25 Mar 27 Jun _:5_ n Morrison Brass 3 3 .50 3 Nov 4 • 73 Mosher Long Lac Mylamaque Mines 11% —25 Moore Corp common Preferred 3.20 May 3 51c s Porcupine Mar 18c- 38c ; * Modern Moneta 1.15 Jun .. Gold Jun 13% May Apr Lake Jan 4Vic Mar Nov 40% - __i Mines see Apr 2.80 Aug Sep —15Vi 0 y Great West Saddlery f.—. Guayana Mines —_; Lake & Montreal Great Lakes Paper common ' For footnotes, 14c Sep 8Vic 100 11c Mines 1 Milton 10c 1 — 3c 11c Nov..' 13 % May l Mines Jan Apr 8%c Oct 6c' Nov II,700 lie A—I— Gold class Leaf McLellan lOc — Goodfish 7V2C 14 %c 14Vic 35c 1 Export Gold Marcus Jan 3c 14 %c 30,050 —1 — Maralgo Mines Jun 106% 1.09 40c 1 — Red Manitoba 100% Mar Nov 14% 35c « — Mines B Malartic Jan 7c —1 — f Oct 30 -:8 May Nov 37c 1 —— Magnet Consol Jan 69c 1 — Feb 1,50 Apr. 6 11% ___i i—; Yellowknife Class Jan 19 Nov 4.30 __ , Jan , 59c - . 26 Vi Mar 76 11%* 11% - ; 31% 1 — _ MacLeod-Cockshutt Jun 25 17% Sep % 78c * -Jun )36c Sep 67c • : 1,25 Jan ;* Nov; 20c - 5,400 Aug 1.19 May 1.08 Nov 5 Vic Jan 17% Jan Mar 60c 3,100 6,000 Jan 8c Aug Mar , 2%c July 12,200 1.10 5Vic 27Vi common———* * MacMillan Jan 7%c 1 Gold Lead 83c V 98c 1.08 7c* Feb Sep 12 86,500 Feb 94 100 4.35 l Manitou Gulf B MacDonald Nov Nov 103 — ___1 „— Golden A A Macfie Red Lake Jan 2.29 1.30 Mar 14% — 1 * 1 Arrow . 5c 5%c - 6.95 3c v 455 30 class Macassa Mines May 15c Feb 7c 2.10 17 —,.-100 common- —; Golden Goldvue 95c 1.08 Feb July , 12,000 30 — Class A 7c May. 11% July 666 330 4%c 85 17.%- 100 Mines Goldora ^ Jan Jun 3.00 3,000 „ 4c i43/« 70c 30 Nov 5.40 7,500 ♦ London., Hosiery ' — Wares Gold Goldcrest 6c 5c 3%c ■ 1 — Loblaw Groceterias , Lake 5c. Jan 14% Mar 1.95 Aug * 7.000 Lunward Gold 130 1.95 __ 1 —_ Goldale 4%c 18,100 Nov ' ' 2% —2% —; Giant Yellowknife Gold Mines Lake God's 2,062 7c Louvicourt 7%c 17% —• : Preferred-- Oil 5.50 Oct --15c May 26% 50 1.36 Nov 25c 5,450 • 73c. Oct 16%. __ „ Globe Jan 10 500 5.50 5%c Jan 25% 2.05 - —— Glenora 2.25 26c 9% 2% __ —100 Bakeries Gillies 31c 26% 2.10 68c 47% 58 % Preferred —: .17.75 2,720 4c 1 Jun 4.10 Mar 10'/* 14 _—„i-, 25% Nov 6c -• Ltd-^ Nov 6c 1 : Jan 22% - 19c 5,100 26% Jan Apr 10 3%c 1.78 11c 6%c July 4.55 1 * . General Products Mfg class A Class B General ; Jan Nov *. 6Vic „ ' 1.15 Jun Mar - Nov 22c 38c 5.50 " 45c 60c 1,590 - 28%c 1 Jan .. Oct 21,300 — 1 Oct 15 ... Nov 1.15 . ; • 195 " Nov 7%c 32c 5.75 26% * 2. - 23 20c Mar 16% , 25% — preferred General 1,500 21c 3% May 113. 10 __ prefeired -Gatineau 12c 12%c 70c Madsen Co 12,300 * 34 475 100 ■ Fraser Cos Gair 1.20 „ 1 Lexlndin Gold Macho River Gold Froblsher 1.15 Little Long Lac 5.05 May 38 4%c ^ '»• *. —— Manufacturing Ford 1.500 37c Nov 40c 110,250 38c Lingman Lake Gold Mines—__i Jan Lynx —1 common Fleury-Bissell preferred ———100 Francoeur 15c 38c 1.17 10% 11% 1,200 12%c __ 1.01 — Mines 18% May 7%, ^ ———.1—100 Products Fleet 45c ' 45c — 12 Vic 5.60 Oil——— 3.60 Mar 110 —• Federal Kirkland Fibre " . . Grain Preferred July common—* Gold 15% Mar 37% ■ . 15c 3,585 22c 11% 3 510 7% 37% 16,820 25c .11% 1.12 —— Mines Gold Lencourt ■ Jan 1.54 Jun 25c Nov Oro -Class Federal 25c 12V« • 1 1.12 89c Jun 5.75 Mines—1——1 Leduc-West ' 20 i ,t74c Oct 89c Lebel Nov ■ Paper NOV 14c May 19% ' Eddy 59c Oct 1 Laura Secord East Feb Mar 1 •_ — Milling : "U" 58c 4c —1 Lapa Cadillac Lapaska Mines .May 2.08 Feb 12Vic Nov 25c Jan 11c Jan 4c ; 1,500 22% La Luz Mines 33c 7c. Oct 27,440 22% Mining-*.— Wasa Aug 49c * Mines— Lake Nov ' 5Vic l — Shore Lake 1% 42Vic 1 Lake Jun Jun 26c • 8,400 —l Nov . 5 Vic Mar 9,300 * 14c ———J Rowan Lamaque East 12% c Jan — Mines Ltd-—.J——20 %c \ 20%c Donalda; Mines. Dulama —* common 2c ' 4%c 1 : Lake Dominion Textile 3c 9,000 4%c 1 —16 V* — 2,000 4.216 3c Aug 44Vic .1 ——— Lake 3c 5%c 2%C 12 %c 1 Gate Kirkland 2%c 4%c __ —, 1 — ———_—- Golden 8c 2,500 1 • —: 46 ' 3Vic Oct 1 - Mines 12% May 5% July 3% Mar 40 T __ —1 Feb Mar 6 1,400 10 ————* . ;_1 -w———— Kirkland & .1 ; 1.^— —1 Consolidated 13% 175 —; " 1 ——— Mines : —L* ' l _——_; Mines Jellicoe J — * ■ 5% —, Feb 48c Gold 24 345 541 Jacknife 28c 1,780 1 ' > ; 2,000 — ——50 class 35c 20 20% 26 %> • 27% • 16% 1,500 10% , com—1 ——.U_——— Preferred 26 - 4 .• Magnesium Dominion Scottish 34c 13 % — 10 ,—2— —,i Coal Dominion 25c 20 • — Dominion Bank 49c 1 2 — Mining Mines 1 , Yellowknife Seagrams— Discovery Distillers Dome 1 15%c? Oct Feb 10c — III—III 7%c lie 3,000 8c Oct 15c Feb 7 Vic 8%c 2,500 7 Vic Nov 37c Mar Volume 168 Number 4755 THE COMMERCIAL & CANADIAN RANGE Friday Week's Range Shares Par National Drug preferred National Grocers common Class National Silverwood Jan Simpson's Ltd class 25 27'A Apr 30 Jun Class B Apr 17 Nov Preferred New Marion 50 10 16% 80 10 50c 48c 50c * 8,500 23 22 23 945 28 28 5 1.98 2.10 6,017 • 103% 103'A 1 Mines 5c 5c 2.18 2.25 56c 51c 56c 25,750 23,998 15c 15c 16'Ac 11,000 103'A Mar 15c 9,500* 3c Aug 7c Nov Jun 28c Jan Steel 7c Sep 33c Apr 18,500 15c Oct 46c 10c Nov 99c 15c 15c 19%c ' 8c 8c 12,000 4c Mar' 92c 1.12 307,300 4c Mar 1.05 55'A 1.10 54 1,000 56'A 10c Olsen 5'Ac • 3.05 1 1.04 2,155 11c 2.96 1.32 Apr 43 6,600 500 3.10 Nov 24c 34c Mar 11,000 20c Nov 20 115 17A Mar 3,850 1.18 Mar 1.52 1.42 1.52 51c 52c 6,880 6% 6% 6% 15 5»A 5'A • „ ♦ * A 2c 24c 8c 40c 26c 32c 4c t 7 30c • 7% III'11—5 July 5'Ac 1 __— Sullivan O'Leary Omega- Gold Omnitrans Ontario - 70 13% 67 81 'A ' 82 140 72 Mar 5c 5c 2,500 4c 1.44 1.75 14c 15c 54,005 4,000 14c 11 Ac 13c 30,000 3c ll%c Cons Mines Inlet 1 . 1 Mines Taku River Gold 10c Jan Tech-Hughes Gold Aug 55c Apr 48c Aug Aug 5%c Nov Thurbois 8ya Oct Toburn Oct 14c 675 3'A Mar 5'A. 200 5'A 40c . 2c lbc • Apr 6 Orlac Ltd common Pearson : * common . - 26 % " —; Mines 1 Oslsko .Pacific 40c 92c 16,000 Nov Jan 9,500 10c 90c Mines 1,000 3c July 7'Ac Jan 5c July 16c Jan 117 Apr - 123 5'A 375 9'Ac 1,500 5c Mar 1 6'Ac il7/cc 6'Ac 7c 6c Aug 18'Ac 19,750 50c Mar 22,600 12%c Nov 12 Va C 1 - 3% Oct 65c 70c 12%c 15'/ac > 3.40 __ 2.50 3.40 119,925 80c 10 3A Hershey * Tubes.. Porcupine Mines Pamour Pandora ___ 22c 34c 142,650 12c Nov 38% '< class •3.40 Nov United 39% 470 28 Feb 39'A Jan 90c 1.00 13,450 90c Nov 1.55 5'Ac 500 4c Aug 7 Ac Aug May 8c Mar „Parbec Malartic 5c Mar 5c 1 . • 4c — 5c 500 4c 4c 500 2c f Partanen 4c 1,762 46c 7%c 7Ac 1,000 5'Ac 7 7 25 80c 90c 27,550 10% 11 658 9%c 9%c 20% 20% Cons Gold Piccadilly Pickle 1 Mines Gold 3c .1 10c 1 Mines 16c 3c 33c 1 Mines Porcupine Crow 20% ; 33c 5,300 9'Ac 11'Ac 30,800 12 %c 1,000 1 Ac July 3c 1.90 46c Gold 1 _ Porcupine Peninsular 2.63 Porcupine Powell Reef Gold .1 River Powell 20c Gold trust 1 —_ certificates 316,900 3,220 1.80 Aug 2.30 15 Metals Fteston 'I 2.63 2,550 2.30 Aug 5c Oct 3.50 1 :Aug Quebec Labrador r,' ; 38c 3,800 45'A 870 37 50c 68c 68c 500 65c 35c 3,000 Nov Feb Mar 50 Aug 15 15'A 16Ac Feb 25c 56c Mfg 47'A Weston 1.25 1,000 52 15 5c NOV' Oct 50 Oct 56c 67c 18,650 55c Mar 82c 83c 18,700 52c Mar 33c 35c 15 15% r 4,400 33c 5,814 Nov 10'A Mar 22,725 1.15 Mar 11,500 7 Ac July Macdonald 2.10 15c- 14c 15c' & Riverside Silk (1936)! class (Little) Long Lac Roche Rochette Gold Oils Royal Bank Royalite Oil Roybar 90c W) Grocers class 5.80 10% 10% 50 9% Apr 11 8c 1,000 July 5%c Nov 13c Mar 22c Sep 36c May 1,195 86c __ 5.15 Mar 7.20 30c 34c 4,500 9.60 14,560 16% Jan 9.85 28 29 3,583 24 Mar 8'Ac 9c 6,300 31% May 8%c Nov 7c 7c 19'Ac Mar 7'Ac 37 37 38 165 26% 32% 32% 195 32 July 296 22 Feb * 24 24 24% 2,400 6c Oct 10c May Feb 38 A Nov 36'A May Jam 101% Jan 28 1 "tv ip-.- ■ ' ———1 Girl 5c Mar 12c Feb 7c 5,000 6c May 10c Apr 11c Mar 97% * Apr 5'Ac 6%c 10,400 5c Aug 30% 2,364 20% Feb 99 99 15 95 Apr .5 5 3Ac Oct „ ' ' •"% 2.02 ',.(<■ 1" Mines 13,700 28% __ 29% • Mines 10 8 Ac 6%c __ —• 1 99% 8c __ __1 common 99% __ 1 L Yankee Oct 28% 8'Ac * -iU. Ymir Feb 500 . 2.00 2.10 5,571 18c 18c 18c 1.700 60c 60c 62c 5 5 6 6,800 3,500 * » 32 »A 100 2.00 Nov Oct Nov -'8c Jan <2.90 Jan '• . 18c .Aug 55c Aug 3c >»- :jf Feb May 10c Oct 40c 81c Nov r • " Nov 2.95 3.00 600 1.02 Feb 3.35 ?" 6,000 4c Apr 9c Jan 3,000 5c Sep 13c Jan 8c 10c 3,500 8c Nov 28c Feb -.1 A 9c 30'A 1 1 _. 13 Ac 30 30'A 110 28 Sep 33 A 10 50 8 Mar 11A Oct 18c Nov 17c May 13c 13c 41c 38C 68,200 3'Ac 13c 2,000 9c 42c 4,100 25'A 1,465 Apr Exchango-Curb Section Canadian Sep 9c 14'Ac Toronto Stock i Jun 10 Co —'• Ilio 1 common St Lawrence Funds Friday Week'a Last t stocks— Sales Range for Week of Prices " Sale Price 24 Par 23c Aug '23'A Mar 52c Oct 25% Jan • 11c 6%c 19 1 24'A 885 Feb 27 A 6'AC 13'Ac 48,000 5c Sep 16c 5 %c 7c 97,500 5c Mar 23c Jan 19 19 ! 19% Nov 10c new Shares 510 500 13 - 5c Oct common 1 Feb Jun 10'Ac Nov * and Dominion Canada • Vinegars Canadian Sugar— Industries 105 A 22'A __* Canada 4% 100 12% 100 22 22% 175 22 Nov 26 A Aug 14 3A 14% 14% Canadian 100 14 Marconi ; Oct 15'A Sep Vlckers common • 83 82 »A 83 60 1 3.50 3.35 3.50 1,218 .1 4c 4c Preferred 80 Aug 3.00 Aug 500 4c Nov 1 6'Ac Senator 1,000 6c Oct 1 41c 40c 43c 23,900 38c Mar • 24% 23% 24'A 340 47 95 : 6'Ac —100 Winnipeg Brewery class A 6'Ac 47 50c __ _ 11A 11A 50c 1.62 1.59 1.82 32,900 1 Sheep Creek Gold Sherritt Gordon 2.12 1.95 2.12 50,372 • common 11% Aug 4.35 100 20A Feb 44'A Mar 12c Jan 17c Jan 67 %c Feb 24% 49 ( July Feb 11% July Mar 1.82 3.20 Apr 17'A 1,320 11'A Mar 17'A Nov 16 17 850 11% Mar 17 6.70 6.75 844 6.50 July 54c -1 60c 141,135 30c Sep 33c 39c 21,400 20c July 34c • • : * * • Disher Steel preferred Bridge Dominion Glass Foothills — ___* * Oil ♦ 9% ' •*.. 9% 7A 10 7% 864 176 9 A July 7 Oct Hayes Steel' International 8.50 70c Feb Minnesota & Feb * Paper common * Paper * Ontario 48c Jan Pend 12% Jan Southmount Investment 11A Feb 60 22 22% 12 A 12% 10 24 155 175'A 176 10 1.85 510 660 72 Mar 3% 80 15A 10 1.50 Jan Nov 52 135 195 3% 3,200 53 A 53 A 53% 250 140 140 19% 18% 19% 4,666 14% Mar 45c 41c 45c 20,735 33 Ac Mar 23 24% 35 24% - 325 250 20'A 126 Apr Oct 3% Feb 39 1.00 21A Mar Sep Apr Jan 23 Oct 14 - 19% Mar 162 Jun 6% 115% Jun Apr Mar II May 135 Feb Mar 134 55 30 July 24% ' , { Jan V 176 Nov : 3 July 59% 192 Oct Oct it- 4% May 53% ! 1 ■U- NOV 2.25 Apr 21% May 60c Jan 30'A 30'A 95 27 Feb 25% July 33'A May 36% 36% 36% 250 33 Jun 36% 3.70 3.60 3.75 7,615 30 '/a 27 30% 285 20 Feb 58% 58 59% 2,830 46 Mar 22% 23'A 890 20 Feb 28 5.75 6.10 4,895 Feb 6.50 Nov 40c 42c 612 37c Jr.tt 45c Nov 7'Ac 7'Ac 500 6c Sep 8c Jan Nov 'tis „ 4.10 Jan 34 Apr ;f 70% Jun May * ) i Oreille Temiskamlng Mining 285 3'A ♦ common 1,605 S High Sep 55 5 Paper Oil Nov 6.70 Class B Consolidated Dalhousie Nov 1.43 Mar 17 Bilverwood Dairies class A Coast Dominion 10 98c 17 1 Sigma Mines (Quebec) Bilanco Mining Silver Miller Mines— Westinghouse Copper 2 Oct 17'A Voting trust certificates Lumber— 4% 104 105'A 25 3% —100 — Canadian Western Feb Canadian Sannorm Mines Rouyn Ltd.—— Shawlnigan Water & Power—_ 85 4% 1.50 175'A 1 Canadian 120 50 ' F Low 27 23% * 22% Ltd. Gold ' Co Preferred Range Since January 1 High 26% 113 & Paper com__* 1 99 Ban Antonio Gold Mines Breweries Columbia Pulp Brown Low 27 49 __ Lawrence Paper— 1st preferred new Preferred British Corp Preferred new preferred Asbestos Mar 16 Corp— preferred Sand River 25 10c- _———1 ... 25 % 24 — Mines (- Nov 5'/aC 7'Ac Ryanor Mining '• 4.60 Jan * — __100 Bear 'A May 2.35 8.45 8c 8 Nov 1,401 8.75 100 Yellowknife Jan 6'Afc I—„ Russell Industries Bick's 5'AMar 1.27 8c A i • Jan 1 — Vellorex i . 15c 9,250 . 34c common Gold Nov 5.65 * Jlu'r. Aug 4%c common;... Chibougamau Rupununi Shea's 2.50 7 " Roxana ' Nov 1.38 «'«"«- Wright-Hargreaves Feb 1 Robinson 2nd Jun 50 7 1 Mines' Preferred 54% Mar 90c Jan 25 Apr 1.27 __* Wingait Gold Winnipeg Electric 8%c Mar —1 Gold Richmac Gold • 10 Feb . 45% 7 1 — (Geo) Winora Sep Nov 1.38 * Wiltsey-Coghlan Jan ,73c Regcourt Gold St 7'A Aug 16 Nov 1.03 f Reeves 1st 98 Feb 17 A May 10% 5,710 6c 20% Mar 2.50 j.__, _____ Preferred 17% May 275 1.30 58 c 15% 35c 2.31 2.35 __ Jan 72 Feb 12 1.25 83c Mining 88 500 Products Western Nov 88c Feb 52 1 Nov Sep 20% 10 20% Nov 1,300 • Malartic Westeel Jan 11 1 — Nov 1 Amulet West Jan 500 —1 — Queens ton Gold Reno % 6c -.40 i Quebec Manitou Quemont 44 1,000 113A 1.25 —1 July 103,275 Ltd (Hiram) (G Wekusko Consol L Feb 5'Ac 4c ' 1 East Dome Purdy Mica Mines..—I Purity Flour preferred Apr 6c • Winchester Larder Corp Pressed — 12c 1 * ! 1 5.80 2.25 • . | | !) For footnotes see page 42. l< Jan 17 . Oils Waite Jan 2.59 63c — 1 12% ■ Oct 24 . Mines Walker Feb 16c 1.95 1.86 35c 45'A — Rouyn Voting Power 1 . 1.08 Mar 17 Vicour Mines Jan Nov 23 __ t Jan 7 17 „ Viceroy 12 Ac July 20% . 130,150 v Pioneer Oct Feb 79c 300 89c Jan Jun 10 500 90 s 49c 80c • Canada i J; Jamr-f "r • ''J: 3.50 Nov May Jun 33c 9'Ac Nov 5'Ac 1 73c ' '21c 23 * !_ If; 5% 'Jan'.-1 - •" Oct * * Steel Ventures Jan Nov 50 preferred Jan Nov • 7 300 20% 90 __ 81c ' 19c 9% Oils Vulcan Malartic Paymaster Pen-Rey 1 8% Hill Upper Jan Jun 4% Aug Nov 2.30 Jan 1 — 29% 2.05 19c 23% Mar 60 11,545 Nov 34c 250 » 9% ; A -Ik 18,000 __ • class A Jan 89c * Gas Keno 61c 41,000 —.100 Fuel Sep 25c 26c __ Resources United Jan 46c rights Preferred Union 1.99 5'Ac __ United 38% 90c 1 Paramaque Mines A Nov 4c ■— Jan 5'Ac Ltd., Cadillac Sep Nov Nov 20c —_____1 class Transcontinental Jan United Page Jan 15c Mar 46c : rights Feb 1.15 70c Mar 33C — — B 27". 5'A 2.60 __ 1 ____• United Corp 65c .1 — Finance Glass Feb .1 (Eastern) Rights 2,000 Sep 4,300 Elevators Traders Jan 5 Mines Apr 2.40 21c' 8c 11 Mines Towagmac Exploration Sep 15,700 55 30c 5'A _ * — 24c Mar 3c 120 30c 2.40 * Bros Torbrit Silver Toronto 8'Ac Mines 12c Nov f ?' 1.05 7,565 4Ac ______—l 1.84 May 7%c 120 U 99c 500 1.15 26% 24c :___1 : — Gold Tooke May 9c Lake Lake Osulake 1.000 1—1 - Nov Oct 1.53 7,400 8'Ac ^ __ 2.59 .- Thompson-Lundmark Gold Mines—_• 2.20 Jan 6c 7'Ac -50 Gold Red 1.40 Mar 3c 1 Orange Crush Orenada 7,925 , 1.61 1 ._ Exploration i 83 1 * Tombill Gold 17,300 3,500 7'A 1.52 1.34 Ac 1.05 1.15 Jan 4'Ac 14c Sep Nov ' . 1.26 8 — 1 — July 4c 1.40 .L 1.26 50c — Gold Tamblyn 38c 15c * Sep 15 82 Oct — 1 * * Nov 1.65 1 —„ 94c Feb 82 1 8% May Nov 235 Jan 21'A May t 5'A Oct A Nov 14 82 __ 1 ______ Nov 500 1.57 — Loan 58c 13% ■ 8'A May Apr 81 »A ; Oct 68c Feb 4 Jan July 1.62 17% Mar 14 —25 —___. 11c 30,500 40c : Malartic 3,400 4»A - Apr 39c 20 _ Sylvanlte Nov Jun 1.45 '__ Oils 60c Jun Jun 55c Mar 81'A * __ O'Brien Gold Mines Okalta 25 58c 60c * common 31 26 101'A Jan 5'AMar 105 5 49c 115 19'A 5 Nov 3.15 4c 5'A Gold Canada i July 1.50 Mar 99,500 Mines Ogama-Rockland 5'A 19 19 A * ' Taylor JL 9,400 22c 20 __ 40c . of Sudbury Contact Jan Oct 14c 26,454 5'Ac 7%c . class Steeloy Mining'— L_ Steep Rock Iron Mines Sturgeon River Gold_ Nov 1.50 May 58 Nov Mar 10c 5,000 8'Ac 10'Ac Mines! common 42c 20c Mar , 18'Ac 18'Ac 3%C 5%c 9%c Norseman Mines Oil • ; Bros Co Burl _1 Preferred 38c „ —• Preferred * 1.10 _1 Gold- Mar 38c 99% May Mar 96 Jan 12'Ac 8c * Canada 18 95 1 — : Radio Starratt 12c 15c Mines 1,154 — 137,600 106,424 Nordon Corp Gold 155 25 98% 20 Preferred 19c 1 Mines Normetal Mining. 30 24 24 1 High Nov 98 A —1 ____— 95 24 Jan 47/8C 5 — ! Mines Standard Sep 15c 15c • __ 29'A 110 98'A 100 Standard Chemical common Standard Paving common 2.30 Nov 60c 31c Nov Low 96 Jun Feb 6c 3%c 1 Malartic Star 75c 29% Range Since Januarv High 95 __ • Stadacona Feb 4c 1 1 . Mines Northland 2.99 31 %c July Low 100 • Springer Sturgeon Nov 17c Norgold North 1.91 Mar Apr 2'Ac Mar pfd — Gold Stedman Mines Inca 30 ICOVa Dairies A — 2.20 • Nipissing Mines North Feb Western Sladen Malartic Southern Co 1 Oils Rouyn Merger Yellowknife Northern Nov 26'A May 1 Pacalta Norpick 24 1,000 1 1 18'A Mar for Week Shares Nov 54c l\4ar 18c 10 5c * Gold Gold Noranda 2.06 100 _ Norzone Norbeuite 17 Apr Siscoe 1 Newnorth Nicholson 29 16'A 16% Jason New New 29 16% I Calumet Nib Jun 16 16 % Bidlamaque New 13 13 'A May 25c preferred New New 10'A May 20 16% Sales Range of Prices Par 85 15 10 New High 11% 15 Car (Wm) Low 11'A * Trust Negus Mines High Week's Last Sale Price STOCKS— 15 class A Petroleum Steel Friday Range Since January 1 11'A * National Ncilson Low 20 National 26 * B 41 MARKETS NOVEMBER 5 „ Preferred National Hosiery ENDED (2261) for Week of Prices LISTED WEEK CHRONICLE Sales Last Sale Price STOCKS— FOR FINANCIAL . ( iiULI ■I i . 42 THE (2262) CHRONICLE COMMERCIAL & FINANCIAL Monday," November 29, 1948 ';. * OVER-THE-COUNTER SECURITIES Quotations lor Friday .November 26 Obligations Of Government Agencies Investing Companies Mutual Funds- Far Bid Figures after decimal point represent Ask Far Bid Ask Sescurlties—..1 4.47 4.91 1% 10 American Business Shares——1 3.61 22'A 3.60 3.95 24'A 3.94 8% 7.01 14.11 4% 2% 90.80 18.55 7.69 15.50 0'A 7.58 15.34 4% 3% 94.59 20.05 lc 3.96 Manhattan Bond Fund Inc.. 100 Mass Investors Trust——l Mass Investors 2d Fund——P1 7.16 24.21 Mutual Jnvest Fund Ino 1 13.49 14.75 15.78 17.29 Nation-Wide Securities- X 1 30.23 12.65 l 12.85 13.80 1 8.39 9.07 •* 6.64 7.26 point 11.82 Bullock Fund Ltd— } Canadian Inv Fund Ltd———1 a 26.17 10.93 32nds of one or more 7.B5 7.70 16.76 Mutual Funds— Aeronautic a 1 Inc Fund Affiliated Corp Amerex Holding Managed Funds— Automobile 2 series A.——_— Shares 1 8 1 —1 Bond Inv Tr of America———* Boston Fund Inc-—; 1 .Bowling Green Fund Inc—-10c Broad Street Invest Corp——5 Axe-Hough ton Fund Inc Axe-Houghton Fund B— Beneficial Corp * Blair Holdings Corp Century Shares ..Trust Chemical Fund Preferred — ————100 Commonwealth investment—1. 3-17 3.50 3.42 3.77 3.64 4.01 General Industries shares—le 3.42 3.77 Home 3.73 3.33 .Paper shares— lc 3.66 4.09 - Investors Corp— National Security Seriesseries— Low Priced ,,■ Bond Fund Stock 15.07 16.12 23.03 24.90 1.72 Equity Fund Inc—— 20c Fidelity Fund Inc —-—5 Financial Industrial Fund Xne.1 First Boston Corp —10 First Mutual Trust Fund —1 Fundamental Investors Inc—2 Fundamental Trust shares A—2 General Capital Corp..——1 General Investors Trust—.—1 Series* 6.25 25 23 5.07 5.64 13.22 14.49 5.59 6.45 45.71 42.51; 5.23 4.88 6.46 lc shares 1 "4.30 Aviation . 3.15 4.92 lo shares—lc lc Machinery shares lc Industrial Stock Seriee—1 9.28 shares-lc 6.97: General bond shares Industrial Company Investing Mow Priced York New shares shares Mining — lo , 1 Automobile Institutional * l 9.27 Building supply ——;1 8-2 7.47 7.42 Metals 6.96 5.14 5.58 - —.1 5.25 1.35% 1.65% bl.50 1,35% 1.65% 1-49 bl,50 1.40% 1.50% 2-49 bl.50 4- 1.55% 8- 2-48 5- 1 6.19 7.85 Petroleum Putnam & Trading 8 ——1 (Geo) Fund 7.78 bl.12 M.12 0.96% 1948——. 9, 1948 Dec. 16, 1948 Dec. 23, 1948 Dec. 30, 1948 25 15.32 14.25 2.43 2,66 Jan. 6, 25.34 27,25 Jan. 13, 10.14 5.81 State Corp.* Investment Street 1.08 Trusteed Industry Shares—28o 27.38 Series Series bl.12 1949 6.36 New York 18.24 25.16 Wall Street 17.64 9.10 9.93 Wellington Fund— Whitehall Fund Inc 15.48 16.89 20.14 Wisconsin Bank of New York 18*9 *,—*100 Bankers Trust Automobile bl.14 1.07% 1849— bl.15 1.08% 17. 1949— bl.15■ 1.08% 1.06% Feb. 24, bl.15 1.08% 1.06% 321 39% Fire™.— 9.16 9.35 Chase National Bank*———15 16.35 17.85 Chemical Bank & Trust 40 Gecnnecticut Investment 15.40 16.56 Commercial National Bank A Co .1 3.34 3.63 Trust —10 -J Co 2AO 6.38 Independence Trust Shares—1 2.08 2.38 4.50 4.93 Shares- 1955— 1 Continental Bid 23 'A 53 76 80 Sterling National —25 11% 12 % Title —12 31 33 Ask Par Bid Home —8 10 39% Public Nat'l 50 54% Insur Co of North America—.10 Jersey Insurance of N Y20 104% 52% 59 — $2.10 Prior preferred —.10 $1.05 Convertible prefemd.8 21% 42% 914 103/4 Massachusetts 18% 20% Merchant 121/2 14 Merchants -A Mfrs... Fire Bonding—...8 Assur.——8 4 Causalty (Detroit)—10 National 60% 58 National Louisiana 80 61% York New 12% 13% 45 47 21% 28 0 22% 25% 85 Northern 52 3,4 34% *1088 ' ■ Elec v 100% 102% '. 4 % 13% 101 % : 102 lA Power 3a— *,1970 R-1982 Pactflc Pwr & Light $%•—*1977 105- 100% • 101% 101% v 102 % _1978 IOOV2 a 3% 101% 102% Wise-Michigan Power 3s - -.10 56 59% Providence-Washington .—.—10 31% 33% —20 ty A Deposit of Md —10 of Phila. Fireman's Fund of Frisco— —lO »*s of Newark.—8 158 GMbe A Republic Otohc A Rutgers Fire 9ml preferred. 8 com. —15 American —15 60 Reinsurance Corp 75 78 Republic 13% 5 Hertford > steamboiler. —10 —10 —10 lOi: 86 tf ■ Pow A.Lt 4.60% 88- - 103% 105^ 104% 105% pfdJ'100 103% 104% 102% 103% 14% 80"" * 83 14% Tobacco— preferred 101 100 1011/2 . '84 * Tennessee Gas Transm's'n Co— 4 % % ~ preferred 1..1——100 _Texas Eastern Transmission*!.* Tucker iCorp_ "A"— —1 t. * 93 * 95* " 11% 12% '1% lVa 14% (N Y) (Texas) .... 20% 22% 43% 453/4 9% 10% Surity. Security (New Haven)... Springfield Fire A Marine. 23% 27% Standard Accident 73 29% 31% ..2 ..5 ..10 27 29. 12% 74 77 5% - 77 Seaboard 28% 116 31% 30% 119 33% 10 47 50 29 31 .10 44% 46% 10 29% 10 31% , j • — a.Odd ,lot;.sale ;(not included in year's range). included U S loo 590 615 Fidelity 6c Guaranty Co—.2 47 in year's range) (Un) Admitted 49 Fire .4 ^ U S Guarantee Westchester Fire— 10 _ 2.50 56 73 36% e i Ex-interest. change;-n Admitted to trading N. Y. Curb. dividend. Travelers U S Hanover Fire Hertford Fire 81 163 ^ 56 St Paul Fire A Marine.. General Reinsurance Corp.. —10 Glens Falls 8 ,ir_ Penna Reynolds (R J) 3% in : 96% - Pub ^Ser (Colorado) 4.40% *100 Public Service (Indiana) •» 3.50% preferred —100 .4.50% Preferred Accident v 'Public Service of New Mexico.? 101% ;1978 st Penn Power 3s*— .49 Phoenix 66 20. 89: 95%., .109 preferred tN Y State-Electric A Gas— f San Diego Gas A El Ss*^.—1978 85, —™ 100 * 81 ** — . "88 4.50% preferred ..—100 jDkla Gas A .El 5%% pfd 100 k—v 7 100 ■ ■.*> 15% 24% 6 t .19 pfd-108 preferred 4Vz% 43. .22% Ask 23% New England Gas h Elec— 40 .2.50 - Kentucky Utilities 4%% pfd.100 102% Pac Gas A Elec aVis ser Fire * 102% Ohio —..._B Bid 22% - ■ ^ ,102 -101% 30% - Refining Kansas^City Power A Light— £ 101 New England Power 3s.—.^*1978 28 % 33% Fire Assn 550 , 29 .5 Par A Mont (Allen B) Laboratories .5%,cpnvertible preferred ,20 100% . 1978 3s_ 46% 35% 25 Pacific Indemnity Co.—10 , 10% 520 :*Du — Northwestern, Bell Tel 3%s-1079 12.50 Pacific 68 9% .. . 1; 7% ,6% 31% Skyers * Reinsurance 39% 64 ' .30, 543/i 32% * Narragansett 44% Northeastern 81 94% 100 27% - v Fire 1967 Michigan Bell Tel 3%s ^ 27 River Oil Ashland 100% Florida-Pow A Lt 4% % 84 10 — 84% 37% 100 Stocks— Ask 99% Lt J%___1978 33% Amsfferdam Casualty—2 New Hampshire Fire..—10 t A .0 National Union Fire New 37 Pow .—10 Fire .1978 Cudahy Packing 2%«— . • 63 20% Guarantee & Trust $1.20 conv, preferred 29 42 63 . & Trust.17% ■United States Trust 108% 39 —10 •I Bank Security Issues Bid Arkansas Pow A Lt 3 %s_ Ask 27% 47% 28% ■mptoyees Group Assoc..— 38% 24% 51 50% 203. 2.36 82 78 203/4. Casualty Crtun AForster Inc Trust Co—.20 48% Morgan; (J P) A Co Inc 100 X197 National- City. Bank-* 36% 12% 81% New YOrk Trust.—— 25 3.32 —.1 18 .10 46% 44% Manufacturers North Amer Trust Shares— Trustee 19% Life 30* 10 14% 15% •1,420100 1,380 37% Piduolary Trust 7.35 4.73 i. 269 28 _25 10 Federation Bank A Trust—:—10 10.91 4.32 1,250 260 . —20 Exchange Bank 6t Trust_20 Empire Trust 50 Series E .100 — **—- 34% r Trust Ask Bid .100 1,190 Bank, Irving Trust — Kings County Trust Lawyers Trust" ' - Corn Diversified —10 General Guaranty 42 Investing Corp — ..1 1 —.1 National Industrial Bank of Commerce* 10 87 11.91 30 8 * 103 Type Trusts— North Camden Par First 41% V 32 V2 Continental Bank A Trust Unit Ask 25% 99 14.37 16 34 ——28 1949- Ciiy Banks & Trust Cos. 84 27.13 59 % BmSests A Shippers 1.06% 1:06% 3, 1949 100 13.17 10 ^— bl.13 bl.13 10, 306 10 Brooklyn Trust 24.87 28 -.25 .10 Ask 19491949— 20, Feb. Central Hanover Bank A Trust 20 9.10 21.98 10 Surety..,. Jan. Jan. 27, 7.05 Maryland Casualty eommoit—.1 Reserve Bills Feb. 23% Bonds— American 1.60% Feb. Recent __2% 1.50% 1.00% Insurance Companies Be-Insu^ance 1.60% 1)1,60 1.03% 0.89 1 Series American of Newark bl.65 1-49 1.03% Bid Bank of the Manhattan Co—10 17.31 Shares.— Fund Income United Par 79c 71c Fund—.! Union Preferred Stock 13.4^ 28.51 Series 1956. American American bl.65 1-49 0- bl.13 - 49.00 5.87 — 94.22 American" Alliance..... _10 American Automobile... —4 American Casualty 5 American Equitable Assur 8 American Fidelity 6c Casualty.8 1-49 8- hi.13 1940* 77c 69c 20.87 C 44.68 .28 7- 10.92 , 46.00 1 B 7.40 16.17 , 1-48 1-48 12- 1-48 20% 19 1 1 Fund series A Union Bond 13.21 23.06 .. 10- 11- Wi bl.12 79c 27.27 .10 1.60% 47.49 Inc Union Common Stock Fund _10 1.40% bl.65 k 92.24 Insurance. bl.50 bl.12 - • Fund 43.79 Life.— 2-49 6-1-49 Bid 0.90% Dec. 10.66 Selected Amer Shares——.2% Shareholders Trust of Boston—1 Loomls Sayies Mutual Fund—* Aetna 5- 1-48 Ask Dec. 1, 8.60 9.73 Bid 1 1 Republife Investors Fund Russell Berg Fund Inc Scudder, Stevens A Clark 6.75 Par 1-48 9- United States Treasury 6.78 1 13.18 A Surety... *10 Ask 12- wi 5.60 —— toomis Sayles Aetna Casualty Rate Bid 1.40% 2- 3- 1-48 5,75 5.11 equipment Tobacco 25.19 Second Fund—10 bl .50 1-49 lr48 7- 7.80 2.62 4.84 98c 1. 1-49 5- 6-1-48 1.55% 11.59 ——1 Utility——— 12.05 1 .1.65% * 0.28 10.58 7.35 4.00 71c Stks)-1 1.50% 1.30% 1.55% 1-48 16.43 .1 Pacific Coast Invest Fund Railroad Ltd— com 8.47 sovereigft investors——J—1 Standard Inves Co Inc 10c (Low Priced com Stks) Knickerbocker Fund ; 1.30% bl,50 3-1-48 4- .0,69 8.84 14.99 —I — 5.95 21.91 (Appreciation 1 — 8.04 20.27 8-4 Ask bl.55 Due 12- 1.55 % 1.55% 1.55% 8.19 stock 4.69 . .*1 10.02 Investors—8 common Stks)-1 com Stocks)1 .0311 11.22 9.14 1.64 (Income .9842 .9764 100.0145 Due Dated Bid 1-48 1- 3-49 Dated Rate 8.37 10.24 4.46 S-l .(Quality 7.64 .1 Public 7.10 6.36 ——1 ...—— Machinery Merchandising 4.85 (Speculative Bonds)—1 K-l (Income pfd Stocks) 1 K»2 (Appreciation pfd Stks)-1 .0225 09.9647 _ Federal Intermediate Credit' Bank Debentures 10.16 Insurance i0.04 1,60 B-4 .0115 99.9741 6.10 stock—. Bank 10.71 10c (Investment 8-3 9.69 5.80 5.57 9.77 4.42 Bonds)— 1 B-2 (Medium Grade Bds)—1 B-3 (Low Priced Bonds)— 1 ' , 8.84 1 Diversified preferred stock—X Electricial equipment 1 Keystone Custodian Funds— B-l 100.0039 July 1, 1949— 11%S Oct, 1, 1949—— 11.04 4.13 Co of America—! Investment Trust of Boston—1 Investors Management Fund—1 .0166 100.0056 1, 1949. 11 VeS Apr. U 1949— June 1, 1949 tl VeS 11,49 5.14 Investment Ask .0103 100.0025 —_ 3.53 10.48 4.46 Insurance Group shareslc Stock and Bond Group——lc .0979 14.87 10.07 4.45 lc Bid, 100.0030 tl%s Jan. 1, 1949 t l%s Feb. X, 1949 11% -Max. 10.81 3.68 lc 119% il%s 11.18 4.06 Shares 3.33 3.23 13.87 9.66 4.73 Aviation Group shares Bank Group shares 118 .1901 Certificates'Of Indebtedness— .0102 AVm.% 100:0029 lApril 1, 1950-i-i———1%% 100.0714 3.64 1 * Railroad Income Foundation Fund Incorporated 100.6 Other Issues Maturity— Ask - tJan. 1, 1049 6.28 ... Aviation 7.56 7.19 2.40 shares— Railroad Bond 100.4 100.3 Stocks Inc— Agriculture.— 9.74 lc shares-^——lc RR Equipment shares lc Railroad stock shares >—lc Steel shares—lc Tobacco shares— —lc Utility shares-; lc Howe Plan Fund Inc——-I Petroleum 100.1 * 5.48 6.77 lc —lc shares Merchandising 5.75 7.78 7.41 6.41 Fully Administered Treasury Notes—. Bid . 6.13 6.14 Food shares Int. Rate Maturity— 5.38 , 10.54 5.15 5.65 9.26 4.31 Institutional bond shares-—lc ' July 22,. 1949- Sept. 15, 1949— U. S. Certificates of Indebtedness 3A4 , 1 6.02 5.54 7.17 Building shares lc Chemical shares lc Electrical Equipment shares lc -40C4 1%S 4.70 1 - Series . bond series—1 Diversified Industry ——I Diversified Investment Pund.1 6.70 6.17 lc lo Ask 100.3 ioo.i Panama Canal 3s— 7.06 1 Selected Group Series 1 Low Priced Com Stock Series 1 New England Fund 1 Chemical Group Securities— shares— shares Bid 100 1949 1.65s 101.4 - 6.83 Series Series Speculative 1 Corporate Automobile 1, 1953-1951.—^a." 98 1, ,1055-1953——100.24 2%s Feb. 20, 15. 1949 1.88 - Agricultural 1 Jan. 1%8 Apr. 4.37 ——1 Preferred Stock Income 1%S Jan. ■ 1%S 99.28 98 98.12 Dollar Price Balanced Fund Bond v 09.20 97:20 — 4.51 Steel shares National l%sOct. 1, 1950-1948 .1 y4s May X, 1052-1»5O_. 4.04 shares..——le Petroleum 25.00 23.38 1 ——1 Federal Home Loan Banks— Ask 3.67 Furnishings shares—le Stock Series Baton A Howard— Balanced Fund Bid 4.11 3.36 3.04 None-Ferrous Metals——lo 5.79 14.79 1.49 5.33 1353 1.36 1 —25c Fund——;— Delaware Dividend Shares-- 32.50 13.69 2,800 149 com—100 2,700 145 Securities Christiana 5.10 4.10 shares——lo Business Equipment shares-lo Drug shares lc Electrical Equipment ahares-lo Associated Standard Oilstocks Podorai Land Bank Bonds— 4, xEx dividend, y to Ex-rights, rCash sales Unlisted;Trading z Ex-stock bBlg yield price, fFlat price, k Admitted d Deferred delivery -sftles~(hot to listing N. on Y. (not Included in year's range), privileges. wdWhen delivered. Stock wiWhen dividend. Ex¬ tEx-stock Issued. • 59 ■ 77 38% •No par dividend paid value, on tin default, May 10. tThese bonds are subject to all Federal taxes. . HEX $40 cash s.. Volume 168 Number 4755 THE COMMERCIAL & FINANCIAL CHRONICLE (2263) Week Ended Nov. 20 THE COURSE OF HANK CLEARINGS 1948 < | 'Bank clearings this week will show a decrease compared with a year ago. Preliminary figures compiled by us, based upon telegraphic advices from the chief ; cities of the States United which from it is possible obtain to Pennsylvania—Altoona™ Bethlehem liminary total stands at $12,580,364,120 against $12,673,592,362 for the 1947. At this center is there loss a for the week ended Friday of pre¬ 11.6%. 3,726,984 1,133,000,000 York New York % $5,715,222,185 $6,466,347. 111 522,298,149 495,697, 073 ■+ 5.4 850,000,000 826.000, 000 + 2.9 421,033,378 427,065, 383 Kansas City 6.9 258,532,000 San Fraticifico. 275,031, 000 Pittsburgh- 273,825,128 251,215, 775 297,980,454 277.397, 440 + Baltimore 192,978,203 185,114, 038 Ten pities, five days. $9,042,490,133 $9,672,771,847 Other cities, five days. 2,586,993,392 2,155,291,488 + 6,5 West Total all Cities, five days. All cities, one — District of 927,432,858 651,303,731 issue of next week. We cannot 6.602,587 204,977,676 403,447,830 36,108,900 369,588,151 4,057,895 + 7,809,463 383,129,061 319,155,911 1,049,336,395 940,844,383 furnish them today, inasmuch appear ' Accordingly, in the above the last day of the week in all has to be estimated. cases ) jln the elaborate detailed statement, however, which present further below we 3,049,745 13,765,000 j^re able to give final and complete results for the week previous ended Nov. 20. For that week there was the week — increase of 5.1%, the aggregate of clear- an in the week in 1947, same Outside of this city there was clearings at this center having recorded increase an a Federal Reserve it appears that in the New York District District of The 5.2%. of 0.6%. We (including this city) the totals record Cleveland Reserve District has an to its Credit the Kansas City Reserve District the increase is following we furnish a ' •.' ■ •' . '■' SUMMARY Week Ended Nov. 20 Federal Reserve let Boston 2nd New 6.1%, in 240,315,195 79,279,002 + 10.2 2,052,777 141,075,564 + 20.4 67,394,842 489,564,218 1 + 11.2 423,675,361 95,462,089 21,287,242 .12 York *•, 1 Cleveland Richmond Atlanta 7 the Dallas 63,932,755 47,478,119 + 20.3 242,100,000 162,700,000 2,618,006 4,860,955 St. 9th . 4,123,712 + 17.9 •3,763,811 + 14.2 3.069,114 84,930,664 + 17.0 81,202,798 54,465,358 126,424,610 109,005,108 + 16.0 102,009,455 66,614,942 —-10 7,544,159 487,647 6,537,710 427,610 + 14.0 382,361 251,432 142,570,155 + 10.3 130,429,538 98,174,587 770,472,026 . ; Federal Reserve Grand Rapids 654,743,148 + 17.7 649,438,425- 12th' San 8,135,510,344 + 1.0 6,854,783,274 7 ,—— 10 City—. 6 — 10 . Ill York New 1,343,288 Sioux 558.761 1,209,474 + 12.4 8,677,748 —13.2 5,729,835 - 5,326,599 3,467,008 7,247,173 6,256,334 +15.8 5,777,514 2,874,865 -60,597,000 54,469,000 + 11.3 5,976,918 + 15.0 45,520,000 4,646,703 28,108,000 6,872,838 42,933,223 - 78,158093 Rapids—™_, ■ 59,185,866 +32.1 2,745,310 + X 49,432,083 33,955,686 3,703.298 3.628,293 2.2 3.222,990 1,985,707 30,133,880 27,101.891 + 11.2 24,413,648 14,656,825 16,598,578 City. 14,863,735 + 11.7 31,567,962 7,657,574 +29.4 1,046,690 1,011,511 5.3 702,991,164 488.343,110 + 32.4 3,517,791 11,936,827 2,197,486 2,125,276 1,528,103 875,008,253 831,255,126 3,272,147 12,832,829 + 1,180,695 . , — - 4,333,141 Chicago—. 12,329,090 + 4.1 + 7,392,301 5,496,032 (16 cities) ■" » " 1 1 4,669,317 + 17.7 3,418,755 4,130,592 — 3,555,935 + 16.2 2,954,760 2,337,885 ■!•■■■■ <■ 1,12408*,094 .. ■ 1 1 ■' M'r- 1,045,751,536 ^J.. 1' 1 . + 7.6 886,063,953 604,743,904 + 9.4 278.800.000 196,900,000 0.9 109,483,931 72,744,466 0.3 110,521,022 72,569,036 —10.0 1,567,614 1,330,000 500,372,567 343,543,502 Eighth Federal Reserve Distriet—St. Levis— Missouri—St. Louis 5.2 927,432,858 772,886,870 329,300,000 133,479,133 134,759,066 142,450,934 141,961,377 1,991,872 2,213,134 638,221,939 - Tennessee—Memphis— 651,303,731 + 11.5 360,300,000 Kentucky—Louisville 608,233,577 + 4.9 + — + 534,101,051 + Illinois—Quincy ' 489,564,218 .+ 11,2 423,675,361 289,160,381 654,743,148 + 17.7 649,438,425 ./ Total (4 cities) 452,599,563 It 770,472,026 , '' 1,124,981,094 1,045,751,536 + 7.6 886,063,953 608,233,577 + 4.9 500,372,567 Ninth 604,743,904 638,221,939 343,543,502 Federal Reserve District—Minneapolis— Minnesota—Duluth now 507,537,536 427,047,170 583,471,490 550,151,326 + 18.8 353,907,184 our 7,965,066 5.3 7,502,354 5,143,050 294,670,775 + 19.0 241,627,645 161,772,727 114,936,120 Minneapolis 239,517,040 466,017,850 308,430,445 St, Paul II :•_+■ 6.1 * — 98,229,476 + 16.9 81,952,938 6,973,963 57,370,578 North Dakota—Fargo II 11,122,325 393,261,897 336,633,476 + 16.8 166,164,038 181,711,543 864,931,306 CO 740,095,051 523,396,994 15,808,339,617 13,295,456,568 3,593,941 + 27.0 3,444,029 2,028.925 4,287,205 + 29.7 3,628,419 2,646,452 12,224,820 9,930,912 + 23.1 8,772,836 5,987,186 507,537,536 427,047,170 +18.8 353,907,184 239,517,040 Montana—Billings 16,611,791,702 8,294,795 4,571,259 5,558,952 South Dakota—Aberdeen 932,100,568 cities 8,709,448,355 + Helena 7,954,739,771 + 5.1 9.5 6,669,778,442 4,708,908,534 Tenth 1947 $ 1,793,321 4,339.891 —™™.— Massachusetts—Boston- Inc. 1946 Dec. % 1,818,802 — $ 4,555053 , — 1.4 1,524010 3018,066 5 1010,356 1,282,094 22.1 713.412 2,040,892 1,003,712 821,980 + New Bedford 2,174,157 2,101,086 + 0.6 Springfield— 9,374,183 7,989,645 + 17.3 New Hampshire—Manchester + 11 1,225,288 6,645030 4,817,335 6,741,291 5,491,394 + 22.8 4,422,513 3,262,044 30.847,857 25,768,875 +19-7 18,830,784 14,350,745 11,331,704 + 10.7 8026,742 6,526059 30,494,800 + 10.4 24,108,300 17,249,600 1,835044 1,581,642 + 16.0 1,213,520 . Blmlra Jamestown 76,629,292 + 7.8 6,960,351 5,989,183 8,902,089 3,594,583 + 12.5 6.2 316,402,192 209,750,908 13,857,189 + 12.5 10,160,999 2,634,744 1,871,665 + 40.8 1,915,592 + 13.2 1,656,479 1,566*143 1,427,427 1,048,550 583,471,490 550,151,326 + 6.1 466,017,850 308,430,445 6,268,250 + 30.4 13,011,240 11,570,971 391,173,786 368,434,196 •15,596,304 '' ' " 1 ■ r; ' r + 5,116,180 ' 6,309,772 ' Total (10 cities)™™ Eleventh Federal Reserve District—Dallae— Texas—Austin—. Dallas ™> 668,791060 634,002,519 5.5 554,619,137 8,174,142 326.565,599 33,566,879 Y.i , Fort Worth 284,559,000 + 14,8 5,363,205 121.307,000 149,583,000 27,934,524 + 20.2 23,805,848 16,942,517 3,191,682 7,225,000 4,666,000 + 54.8 4,635,000 4,052,000 4,414,856 3,322,951 9,882,751 + 32.9 2,767,987 13,315,421 + 34.7 8,234,998 1,753,403 6,188,941 393,261,897 336,633,476 + 16.8 166*164,038 181,711,543 119,525,542 3,912,339 171,341,059 + 17.0 100,255,4197 80,166,367 + 19.6 3,886,891 203,544,998 •+ 18.8 114,984,730 75,377,194 60,965,686 + 23.6 52,326*415 9,393,021 - 417059,001 Wichita Falls j Louisiana—Shreveport + Twelfth Buffalo. 114,866,979 992,249 Federal Reserve Distriet—Ian Franoloee— Washington—Seattle ' York—Albany. 3.0 2,168,959 ■ Galveston 12,548,111 33,657,900 Veeend Federal Reserve District—Now Terk— York— Blnghamton + - Total (6 cities) Total (12 cities) 137,798,903 572,702' 1,727,476 J / 320,564 4,022,713 Pueblo " 210,456 350,450 424,093 5,758,643 Colorado—Colorado Springs-. f, + 40.2 + 10.5 + 15.0 7,504,826 Wichita 2,801,830 363,112,036 2,275,009 + 422,361 497,815 6,822,283 141,994,668 Missouri—Kansas City™ St. Joseph 866,119 480,672,128 Lowell > 592,214 •550,000 Kansas—Topeka I 4.1 Fall River Haven 4,568,122 7,844,749 Omaha 1945 4.7 539046,646 Rhode Island—Providence 34.1 District—Kansas City- Reserve Lincoln or 552,200,284 Worcester Federal Hastings first Federal Reserve District—Boston— IfRine—Bangor—.— ' — Nebraska—Fremont $ at— - Total (7 cities) detailed statement showing the figures for each city for the Connecticut—Hartford + 10,612,096,686 II City add 8,389,969 350,734,091 II 1948 New 4.2 + 9,674,050 ; — Illinois—Bloomington Week Ended Nov. 20 frew 1.289,365 7,043*774 — Des Moines week ended Nov. 20 for four years: Portland- 452,599,563 II Francisco Clearings 4,494,265 6,121,775 6,114,666 Wisconsin—Milwaukee— I -We 15.4 10,878,130 * *—_— Terre Haute— 6,066.529,531 4 — Total Outside + District—Chicago- — Indianapolis— 417,059,001 544,556,284 2.274.914 157,296,035 7 South Bend— $ 554,619,137 940,844,383 3,964,485 1945 5.5 1,049,336,395 r—16 Minneapolis 11th Dallas $ II Louis 10th Kansas 1946 or + II 16,226,144 99,361,770 Peoria Dec. % 1/120,926,014 13,527,940 + 32.8 *'4,300,600 Springfield—- 634,002,519 1,179,475,342 5.9 + 65,375,256 Decatur 668,791,660 6 — Chicago 8th Inc. 289,160,381 20,109,122 ™__; Indiana—Fort Wayne Reserve 8.219,985,471 " 7th $ 44,129,466 , 217,900,000 ___■ Lansing- ** 11^ 3rd Philadelphia 6th cities 1947 + 86,809,608 '' CLEARINGS $ .—12 6th BANK 1948 Districts —. 4th OF 1,356,683 6,632,000 263,806,170. W it,\ 2,220,665 2,903,398 200,636,794 Michigan—Ann Arbor— Total *'r 3.0 + 262,100,000 Total (10 cities) by Federal Reserve Districts: summary 534,101,051 + 14.3 Rockford the 772,886,870 District—Atlanta— Louisiana—New Orleans—.. District 16.8% and in the San Francisco Reserve District 7.8%.In +11.5 4,566,486 3,251,256 _ Mississippi—VickSburg gain a St. Louis Reserve District of 4.9% and in the Minneapolis Reserve District of 18.8%. In 201,584,863 15,060,800 v 93,913,891 Alabama—Birmingham— improvement of 7.6%; in the an 2,630,322 + 20.0 6,140,726 279,587,008 10,753,000 Florida—Jacksonville Iowa—Cedar In the Chicago Reserve District there is 4,477,221 139,766,662 _ the cities group located and from this are 11.5%, the Richmond Reserve District of 11.2% and the Atlanta Reserve District 17.7%. 23,648,900 50.2 + 13.8 gain of 9.5%, the bank iinprovement Of 1.0%, in the Boston Reserve District of 5.5% and in the-Philadelphia Reserve + 26.3 8.8 Georgia—Atlanta— Seventh according to the Federal Reserve Districts in which they 194,819,708 3,716,751 ™ Nashville.—.— ihgsfor the whole country having amounted to $16,611,791,702 against $15,808,339,617 111,307,782 292,366,966 + 12.1 Mobile— we 2,961,033 544,556,284 Macon— 4,131,090 160,896,886 9.2 12,284,000 151,473,132 Columbia—Washington Augusta 5,769,163 0.9 + 164,756,529 ___ Tennessee—Knoxville the week as 28,592,700 + 27.9 — District—Blefcmead— Total (6 cities) ends Saturday, and the Saturday figures are not available at time of going to press. of 5.2 + 8,886,772 Virginia—Huntington Sixth of 1,120,926,014 6,093,635 Maryland—Baltimore Complete and exact details for the week covered by the foregoing will our 1,726,052 3,101,032 0.7 $12,673092,362 1,552,092 5,748,374 g ^23 707 Federal Reserve 845,529,027 '+12.5 $12,580,364,120 Total all cities for week. 2,687,700 2,540,257 203^ 146,490 Richmond—.. 1.7 950,880,595 1,883,066 4,016,277 + 39.5 South Carolina—Charleston $11,629,483,525 $11,828,063,335 day__ 2,639,208 + 19.8 — 7,189,062 Virginia—Norfolk + 20.0 2.9 + 21.0 2,485,961 4,523,953 * 4.2 — Fifth 3,536,246 5,272,984 1,179,475,342 Total (7 cities) 7.4 632,000,000 3,261,143 Pennsylvania—Pittsburgh + 11.0 Cleveland 1,878,019 897,000,000 6,523,087 YoungstoWn *50 - 2,758,153 4.6 + 32.4 Columbus— 8.8 + k 558,762 + 14.9 + + 22.5 Mansfield— + 245,900, 000 242,720,636 638,666 950,084 8.652,720 Ohio—Canton 1.4 223,004, 027 262,900,000 .i 757,389 865,495 2.7 4,227,109 Cleveland— St. Louis 1,130,780 + 23.9 5,595,576 _ Cincinnati Philadelphia™— Boston 3,242.427 + 18.6 — Federal Reserve District—Cleveland- Chicago —11.6 $ 10,$99,225 10,026,877 ___ Fourth x 1948 $ 2,977,049 Total (11 cities)-™ 1947 1946 6,378,988 New Jersey—Trenton 1948 or 3,434,644 Wllkes-Barre Delaware—Wilmington Week Ended Nov. 27 in 1,083,000,000 Scranton Clearings—Returns by Telegraph ; 940,881 1,176,036 Reading Our 1,202.588 1,166,074 Philadelphia—1 comparative summary for the week follows: Inc. Dec. % 1,143,796 Lancaster week in same $ 1,426,129 ^ Chester weekly clearings will be 0.7% below those of the corresponding week last year." Our 1947 $ '• Third Federal Reserve District—Philadelphia— cities of the country, indicate that for the Week ended Saturday, Nov. 27 clearings for'all 43 >19,926,347 26,164,023 —23.8 10,413,814 11,222,778 4,736,361 2,800,543 + 69.1 2,094,060 1,548,401 111,712,701 99,896,362 + 11.8 84,678,197 56,193000 2,176,731 1,785,768 + 21.9 1,397,732 816.824 1,806.351 1,975,123 7,853,599,846 — 8.5 7 akima 865,202 New York 7,902,343,347 0.6 6,625,678.126 5,903*188,152 Rochester 25,510,588 18,850,805 + 35.3 16,075,728 13,572,896 Syracuse 16,110,355 11,426,291 + 41.0 9,876,844 5007044 12,148,466 139,825,012 4,080,467 — Utah—Salt Lake City California—Long Beach Pasadena. - 12,545,667 5.6 7,090,809 0.9 426,197,207 + 12.8 11,141077 3,118,048 71,006,673 36,0330 86 10,497,947 5,187,779 300,251,744 7,523,019 + 13.4 4,214,985 2,854.551 6.8 10,903,819 6,157,180 7.8 740,095,051 523,396,994 15,808,339*617 5.1 13,295,456,568 7,954,739,771 9.5 0,669,778,442 10,612,096086 4,708,908,534 11,172,768 — 9,501,320 10,063,183 456,893,164 461,065,786 11,770,870 5,301,216 11,153,765 tO, 439,638 932,100,568 •. — 13,277,765 San Francisco 1,465,189 - j™ Oregon—Portland 864,931,306 16,611,791,702 8,709,448,355 San Jose + 12.3 — — 9,266,298 + Santa Barbara — ' Connecticut—Stamford-™. New Jersey—Montclalr Newark Northern New Jersey Total (12 cities)™ 13092,369 13,412,007 810.564 55,417,918". ; 't + 4.3 734,073 + 10.4 700,425 472,323 46,409,428 + 19.4 39,607,555 25,581,773 65,441,839 58,456,675 8,219085,471 8,135,510044 r +11.9 50,647,138 37093040 1.0 6,854,783,274 '6,060,529,531 Stockton Total (10 cites)™ Grand Total (111 cities) Outside New York•Estimated. fNot included in totals, +. JNot available. 4,674,435 + + *»**«« m<4 44 COMMERCIAL & FINANCIAL CHRONICLE THE (2264) Monday, November 29, 1948 Company and Issue— Foreign Exchange Rates * ' National Secretary of the Treasury the buying rate for cable transfers on the different give below EXCHANGE FOREIGN CERTIFIED RATES 19, TO 1948 Noon Monetary Unit Country and RESERVE FEDERAL BY NOV. . countries of the world Consol. NOV. Euying BANK for Cable Rate TREASURY TO OF ACT Transfers in New PARTIAL • , b% , . peso— .207733* .251247* .200000* 3.212313 .022850 .054406 franc— Belgium, — cruzeiro— Brazil, ' , — .054406 .054406 .054406 l.OOOOCO 1.000000 1.000000 .923984 .020060 .208535 4.031484 ' .924296 .020060 .208535 ■ S .297733" , • ' .251247* Closed' * * ^ Official I-I Free Czechoslovakia, koruna - _ (Metropolitan), franc— I—I Pree .003174* ■ _ __ guilder _ - .301678 .145053 .375762 rupee ,.1 Mexico, peso Netherlands, • " * ' .301678 .145053 .375550 '■ •• -r . •• Official New "pound Zealand; Bpaln ; — ------ - - - ' .091324 . krona Switzerland, franc Union 'of. South Uruguay, Ukuguay, Uruguay, 3.991542 .201580 .040317 " Africa, pound———— peso — peso—— — : —- " ————- peso— ___— Uruguay, peso—-I ,233629 4.007500 : '• .658300*+ .588223*+' ;561799*+ .531909' + - — —: . — .278228 * 1799 - _ " .588233*+ .561799"+ b% debentures, Riverside Golf (A. 1st .531909*t *Nominal rate. - - A. , Gas * P. W. ■- Denver 1st . $57,000,000 at all reporting mem¬ reporting all at member Holdings of banks. United States Government bonds increased $34,000,000. thousands (In of dollars) Nov. 24, A Nov. 17, ' Assets— Gold Redemption 1947 $ 22,255,431 for F. 22,215,428 20,660,170 627.250 .: fund notes ■ $ $ certificates Nov. 26, 1948 627,249 682,968 R. ___— Total gold ctf. reservescash Other 22,882,681 22,842,677 21,343,138 260,700 262,621 581.864 282,153 370,491 980 973 4,721 4,941,444 12,669,278 6,020,619 6,033,819 780,950 advances and 255.486 5.025,794 Discounts 798.200 11,165,827 11,156,309 928,033 22,993,190 22,929,772 22,239,463 Industrial loans Acceptances purchased decreased $23,000,000 in the Cleveland District, $18,000,000 in New York City, $17,000,000 in the San Francisco District, and $66,000,000 at all reporting Borrowings 629 U. S. Govt, securities: Bills Certificates > 1 Notes — —1. Bonds — A of the assets and liabilities of reporting summary member banks follows: ** -- Total securities— and Due from foreign banks Notes of other banks—. W. R. Uncollected Bank Dec. (—) Since Nov. 17, loans 23,212,898 49 22,615,307 _ 49 ... Other assets 136,385 2,611,422 32,236 33,201 223,088 217,344 50.436.199 Investments—total assets 47.062 343 Loans chasing U. notes 24,166,269 24,089,861 24,635,733 bank—reserve acct. 19,934,421 19,952,523 17,120,791 Treasurer—gen. acct. 1,650,293 1,590.887 1,313,369 465,940 471.726 450,700 Real 456,204 428,980 518,477 Loans to Other S. 2 Foreign Other 1 Other Total 5>ci deposits 22,506,858 Deferred availability items— Other liab.. incl. accrued divs. Total 22,444,116 " 2,397,357 3,113,089 2,292,519 14,503 12,418 20.405 49.084.987 liabilities U. 19,403,837 49,659.484 46,352.496 8. 200.184 Other capital ; 200,124 448,189 — accounts 448,189 27,543 439,823 27,543 49.867,442 Cash 48,023 50,436.199 Contingent purchased combined liability on for foreign respondents Commitments to : ■ 49.1ft make 48.5 ft bills 1,858 2,905 indus¬ trial loans 6,104 + 13 —• Salt 202 with in + 2 — 476 ; — 2 — + 7 + 4,035 228 securities—total Reserve 9 + 48 8 + 485 33,525 + 206 2,511 + 57 — + 1,678 + 95 20 — + 34 — — 18 — ' + The condition statement of weekly reporting member the Federal Reserve System in leading cities shows the following principal changes for the week : — 27 + 2,140 825 industrial and agricultural loans de¬ $32,000,000 in New York City, $10,000,000 in the Boston District, and $15,000,000 at all reporting member —■ 25 + 8 2,350 ; 142 + 46,907 — 14,874 — 8. deposits adjusted.— deposits, except Government deposits Government ^ 1,664 ! —• $11,000,000 in the San Francisco District. brokers and dealers to —■ 715 29 + 360 + 547 + +11 139 — demand interbank 21 1,416 and 286 — U. S. Govt, for ; . ; Holdings of Treasury bills decreased $50,000,000 in New York City and increased in all of the other 62 York Gas Roman Co.,- reported gross, are net a as gross districts; there previ¬ 6r/o in •Announcement in we preference stock 6 Pago 2109 * Dec* 1 Dec : 1 1907 1803 Corp. for the Diocese of " " this Dec 1 —Dec 1 1149 Any time 1260 stock— issue. —Dec tVol. 166, tVol. 165. 1149 27 * §Vol. 167. ord of past dividend payments in many cases are under the company name in our "General given Corporation and Investment News declared. Department" in the week when - dividends announced this week are: Per Name of Company Acme 5% Electric Corp., preferred Advance Share IV2C fquar.) common (s-a) Aluminum $2.50 Castings 12V2C iquar.) Extra 5% preferred conv. Agricultural N. Y.) 6% (quar.) Insurance Allen Pacific 3 12- 6 12- 6 12- 1 25c 12-15 12- 1 i__ Co. (Watertown, , Salmon Co., preferred Co. of Canada, 4 12-15 12- I 12-17 12- 3 12-22 12-15 62V2C 1- 2 12-15 35c (quar.) 12- 1 11-19 15c 12- 1 11-19 (quar.) : - Aluminium, Ltd. (special).^ preferred 4 12- 15c ; Aluminum 12- Co.) — Extra 12-24 12-24 50c Co. Company 12-15 $1 (Alan) (resumed) common convertible (Louis) 3 $4 Wood (see 1- $4 preferred Industries, Inc.. Alliancewaro 4% 11-24 1 12-16 75c participating $2.50 12- 12- 12-16 12-15 (quar.) Wood Steel Co. Alaska Bolden 12-15 40c (year-end) Alabama Great Southern RR. ordinary Alan When Payable of Bsc. 12V2C Aetna Ball & Roller Bearing com, +75c 12-27 12- 3 Ltd.— (quar.) J25c 3- Goods v Manufacturing 2 Extra Note Chemical Co., Co (quar.)_ common 2- 40c 12-20 12- 2* 12-20 12- 2* 85c 1-31 75c ; — Agricultural Bank 1 25c Aluminum 12-22 40c 60c preferred 75c (quar.) American Barge Line Co. com. Cable 1- 1-13* 12- 8 3 12- 6 12-28 12- 6 1- _' (quar.) 12- 6 35c 12-15 12- 1 35c (year-end) Z American Chain & 12-15 3 12-3 50c (quar.) District Co. (N. Factors, Hardware Home Hoist Ltd. Products (quar.)— American Conv. prior, pfd. American Laundry Machine Co. B 3 3 12-14 12-10 12- 1 12-10 12- 1 12-15 12- 6 50c (quar.) 12-10 11-30 1-15 12-31 97 ^c (quar.) I— Metals — 25c 12-30 12-10 12-15 11-30* 12-15 12- I 3712 c 12-15 12- 1 $1 (year-end) 10c 37V2C Corp. 12-15 12- 1 Chemical Corp.— (quar.) preferred A 1- •50c Co.— Foundry (quar.) A Class $4 12- Delaware—• (s-a) & 1 11-30 12-22 75c of Machinery prefered 12- 12-15 50c — Corp. & 12-15 10c (monthly) L___. Insulator American 3.90fe — Derrick & 3 30c ; — Corp. 3 12- J.)— Quarterly American American 12- 12-15 25c — Telegraph 12-15 $1.25 $1.25 preferred Class Date - 1962 we Potash & Corp., : • due Then we follow with a second table in show the dividends previously announced, but which have not yet been paid. Further details and rec¬ which American Superpower ' debs., week. current Machine American 3% grouped in two separate tables. In the bring together all the dividends announced the Phenolic TENDER , are American preferred stock___Dec / DIVIDENDS Dividends American OF Co.— 164. which the details 6ft Corp.— Additional given in the "Chronicle." <rr— (quar.) C Nov 30 stock__Dcc 10 Buildings Co., 1st mtge. bds., due I960—Dec Compania Salitrera de Tarapaca y Antofagasta— 1 1899 ,.__Dec 2 2005 _E)CC 27 2120 Atlantic Gulf & West Indies SS. Lines, common Bush Terminal Income "* bonds, Oent■»•-»"! series A to ^ £ r?/ N, thclusive.L _ _ . Missouri Pacific RR. Central Branch Union Pac. Ry.— 4/0 1st mortgage bonds -«. ——Dec American Power & * $6 preferred American Extra 212fc 7fe (accum.) Republics Corp.',(s-a)—__— 1 —1/— 1- 3 12- 6 1- 3 12- 6 25c 12-20 12- a 25c 12-20 12- a $2 12-23 12- 3 $1.75 12-22 12- 3 & Refining— (year-end) 1st preferred ■ — $1.25 $1.50 Light $5 pfd. (accum.) American Smelting Common I » . T4" * Ontario— bonds, notes, preferred and common stocks called for redemption, including those called under sinking fund provisions. The date indicates the redemption or last date for mak¬ ing tenders, and the page number gives the location in NOTICE Power & first mortgage American list of corporate 1257 ; 2*122 bonds— income of Colorado, Catholic Episcopal American Notices ' • . 2010 ; basis. Redemption Calls and Sinking Fund 2121 due I954_>_Ja|X.-;l,.. Year-end items * - - stockl^i/i^^aS' A, Heat General mortgage 5s, due 1951 Wackcr Corp., class B preferred 5% & Traction Co., 1 1 Anytime preferred Light, \ -4 Apr . series 1st "1901 1 1950___Doc due 4s, bonds, dated Dec. 1, 1939— 3l/t% and 4Vo note issue, dated Dec. l, 1936 Tennessee Coal, Iron & RR. Co.— IVol. : 1692 1' 4% Co. Alexandria 4% 1950-——I.Jan - Pennsylvania Avenue mortgage Public Service 112142. 1 6% Portland So. 1477 +2410 . bonds, due 1949 I —Anytime. $2004 debenture bonds, due 2024—'81591 * Cement Co., preferred stock—__—/iJan " I ~ 2123 Power Co., lat mtge. bonds, Electric & 1 1 1951—Anytime preferred stock——ii___Dec Corp.— trust Power Purchase money 110 Jari due Page '' '•* " 1955 bonds, due 1949 collateral American American Light "* ' due mtge; 5s, 1st Co., Mortgage New 6% were F, debs., series A, due 2<J24_^_July Weight Corp.— Brunswick Ohio i:: Date Ry.— Light Gas t CALLED " " series Corp./6% American instead of Year-ago figures have been adjusted to a _Dec ISSUE Co.1st Lake New 21,489 Below will be found 1350 ~-\v notes, American accounts, week due 39 — 66 — 552 + deposit accounts, except Company and Issue— Loans to purchasing or carrying United States Government and other securities increased $90,- 000,000. 111 191 + 9,538 ; Foreign banks Borrowings banks, and increased $18,000,000 in the St. Louis District and . Allis in holdings of United States Government securities, $191,000,000 in United States Government deposits, and $286,000,000 in demand deposits credited to domestic banks. Commercial, 43 7,467 banks of creased 750 351 6,173 14,557 vault ously reported. Increases of $206,000,000 1,470 4,515 Condition Statement of Member Banks 17: 4,304 + 24,821 Banks 40 + 4.178 Federal 237 656 — 3,882 ... tBeginning June 30, 1948, individual loan 1.e., before deduction of valuation reserves, ended Nov. 20-year 22 ' securities during 6.097 2164 Power Union The banks Government Debits cor¬ 1,850 7 * . .. bonds, 18 ; Interbank demand deposits: Domestic banks 49.0 ft + Time gold certificate re¬ serves, to deposit and F. R. liabilities 77 Demand 47,062,345 of note + 2,277 Liabilities- U. m*tlo 1,286 obligations loans Balances with domestic banks 27,455 100,859" 106,539 Total liabilities & cap. accts. 194.548 + purchasing or carrying: loans Reserve in.. 15 — pur¬ — Capital Accounts— Capital paid — 392 for ; Treasury bills Treasury certificates of indebtedness Treasury notes U, 8. bpnds Other Surplus (Section 7) Surplus (Section 13b) 2,194 " agricultural securities estate Other 2,073 + obligations Government S, + 81 carrying:- for loans U. 81 securities Other Deposits: Member or Government S. 269 + + 410 and dealers and brokers to + 25,193 15,568 Loans—gross) Commercial, Industrial, Liabilities- Federal Reserve U. 62,647 loans Total 1947 24,944 and Loans—net 70,849 49.867,442 Loans Nov. 19, 1948 (in millions of dollars) " Assets— 125,712 3,733,910 Nov. 10, 1948 95 135,940 2,761,924 32,240 items premises 23,576.034 1908 1487 mortgage 6% first Inc. (+ ) or Govt, securities. Total U. S. 1 1 member banks. 1,398,750 548 1907 1,l/ J. 7,243,405 A, -Dec Dec. mortgage Pacific deposits adjusted decreased $64,000,000 in New York City, $25,000,000 in the Richmond District, and $21,000,000 at all reporting member banks, and increased $29,000,000 in the Dallas District, $26,000,000 in the Cleve¬ land Distirct, and $22,000,000 in -the Kansas City District. Demand deposits credited to domestic banks increased $84,000,000 in New York City, $63,000,000 in the Chicago District, and $43,000,000 in the San Francisco District. Demand 1948 1801 - —' 4% bonds, series A, due La Cooperative Federee-de Quebec— v 2%-3Vobonds due 1849-1964.— . Holdings of Treasury certificates of indebtedness increased $96,000,000 in New York City and $95,- 000.000 2009 1 4% bonds, due I960.:—Doc Inc., 5 %- debentures— Dec Canada. Ltd.— - Country Life Press r ber banks. Reserve Banks Combined .1800 1 mtge. Paper Co., Inc.— Electric Butte 1st Statement of Condition of the 12 Federal 1951 1st \V*(/c convertible National net increase of 1 15 Dee 1950 Bros. Appalachian Power Co.; 6% . ■■ & of Co. National Sash a due Ciub, G,) mortgage 6% , +Appllcation depends upon type of merchandise. was • Company and Issue— .531909*t • 1st mtge, 4s, due ENTIRE Thanksgiving Day .658300 + .588233*+ ,561799*+ .561799*+ ,531909*t « 1693 Co.— 3%%. bends, mortgage Minneapolis ; 1st Northern Ry.— & Spalding 4'2?Io?!Lx; , Corp.— series A.—;— Castings Corp., Terminal stock ■ .233629 .233629 : 4.001500 • .658300*+ .588223*+ / 31, Transportation American preferred stock, Steel preference du&.19&6_: Public Service Co. of North Carolina, Inc.— .278228 .278228 .233629 4.007500 ,658300*+ Closed - • 1893 + Dec 1st , .201580 .040320 .091324 >, 1 ,V mortgage bonds—Dec 1' Haggard & Marcusson Co., 1st mtge. 5% ser. bds.____.Dec 15 Hanna (M. A.) Co., $4.25 preferred stock ——Dec 1 . 1.000000 .922500 3.991542 .201580 .040317 .091324 „ .091324 .278228 peseta Sweden Closed 3.991542 .201580 .040321 - ___ Norway krone Portugal, escudo- 1977_Dec 1968 2117 prior Corp., Minneapolis Gas Light Co., .145053 ,375725 .921875 3.991542 \ 7 General 4.031484, 1.000000 due 1st mortgage 3% % bonds, series A, due 1977 Dec Mading Drug Stores Co., 5'i debentures, due 1A6L____Dec RR., 4 % bonds, foreign series, due 1960 JDec '??££?!! .921458 ' debentures, Midi .004671* .003178* 1.000000 .921875 ; __ - *" » Jan ^ ~ Pree ' 1.000000 — 1477 2117 Union Newfoundland, dollar— 1 mortgage tds., series P, VU %, due de Tarapaca y Antofagasta— serial 5 'if Jacksonville .301678 .145053 .375725; , A__Jan ser. 2 $4.25 # .004671* .003178* . , Page 31 Jan General Thanksgiving Day . .924765 .020060 .208535 ■ mtge & collat. trust Inc., bds., CO.— Cooper-Bessemer 3.212313 .022850 4.031484 .004671* .003176* 1959—Dec Power and gen. 20-year Piedmont .004671* due Compania Salitrera - ' ' — __ India, Dominion of, Closed 4.031484 pound sterling,.. Official " .924375 .020060 .208535 _ Deiiinark, krone., England, ' 1.000000 _ Maine 1st * y dollar—- Canada, France $ .297733* .251247* .200000* 3.212313 .022850 . ' ' - Ry., 5% Central Nov. 25 ^ .297733* .251247* .200000* 3.212313 .022850 * "regular" products_;-;,'_™Z™l "non-regular" products For certain industrial products Australia, poundFor For bonds, 1st Bolivia Argentina, . * , Nov. 24 Nov. 22 548 2012 ; Date » Central Terminals, Ltd.— mortgage deb. 6tock and Algoma 548 v; l REDEMPTION ' Company and Issue— York Nov. 23 Nov. 20 Nov. 19 .1 mortgage 1930 * Value in United States Miney . TARIFF UNDER INCLUSIVE 1948, 25, Pago • 3ft-G%. bds., series A, due 2039—Dec 15 Taylor-Wharton Iron & Steel Co., common stock Jan 4 record for the week just passed: a ' Corp.— 20-year collateral trust bonds, series A,, due 1954____Jan Special interest notes (unattached to bonds).!— Jan Philadelphia Transportation Co.— certifies daily We requirements of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank Pursuant to the to the ' Date Mortgage Union _y. fquar.). — ' Volume 168 Number 4755 THE Pet Name of Company American Snuff. 6% . Share , (quar.) iquar.r American Stamping Sumatra America it Thread Metal, Post $1.50 (quar.) Mining Products fQuar.) 10c __—.' 12-22 12-15 1- 2 3-15 $1.25 Armstrong Cork Co. 1 year-end Constable Corp." (quar.) $1.40 Arnold Ltd. J * (increased" qUar.) iB; T.), Paper 12r27 62'Ac 1 1,2-22 12- 12-22 1- $1 H.) Co. (extra) _I_ Refractories, Inc. Body Co. I___i— ! (quar.)___ Extra & 12-20 12- 12- 1 Lomb Optical preferred. • quar. 1 Co. com. 12-15 iquar.)__ ■ 1- 12-15 12-15 Dixie Home 11-30 Dixie Ice 12- 10c 12-15 tl5c 1-3 12-14 t25c 1-3 12-14 1 preferred" (quarl); Benjamin Franklin Hotel .; ;—$5 Birmingham Gas Co. $3.50 prior pfd. (quar.) Black, Sivall & Bryson (increased quar.)_i_ 12-15 12- 12- 87'/2e , 12-23 12- Bohack Bond Realty Stores Corp. 7% pfd. (accum.) 12- Bridgeport 12- 6 Brass Co. $1 (resumed com. 15c 12-20 12- 12-31 12-14 11-30 & Ring . (quar.) Sharpe__„____^ Piston ■_ 30c — 12-20 12-10 Eaton 12-20 12-10 Eaton 1-3 12-10 $25c Company Terminal Butler (P. H.) 1- 3 1- 3 12-17 10c 1- 3 5% Butte Copper & Corp., Zinc Byrndun Class - : A 1-3 12-20 1212- stock the the on class , will common ; shares : of A be class A 12- 12-23 $1.50 $2.50 12- 12-23 12-23 12- the at B rate 7 holdings fractional lieu shares : thereof of 7 will be held. issued, stockholders cash at the irate, of *: G, of I. share a T. said of Financial California 31c for 7 ... in / v class B stock. * Federal 12-23 62c $3 preferred Canada 5% non-cum, Canada Wire Class B iquar.) & preferred , < Oil Central Cos., 12-15 1-25 1- 11-30 12-7 f$2 1- J$1 2 12rl0 1-2 12-10 1- 2 12-23 12-23 12-6 12- 11-15 (quar.p___ ;$1.06i4, Corp. fyear-end) Storage (fnterim)____. ..." 1 . 12-23 12-3 12-17 12- 75c 12-23 12-10 12-14 12- 2% ; * - Chile / . _" (N. Y.) com. 1 Controller Clayton Silver Cleveland Extra Climax Cluett ' 7% 4 . 4r/Z Quarries & Co., common preferred Commercial' Credit , 12- preferred 12- 1 12- 7 12-13 12- 12-15 lc 1-1 12-15 12-20 11-29 12-15 12- (year-end) - 3c 4 12-10 12- 12-15 12- 4 12-20 12- 6 12-20 12- 2 12-20 12-10 12-16 12- Co. Portland 12- 5 12- 12-15 1- 2 12-20 12-20 pfd. 11-29 12-3 37'/2c 12-31 12-31 20c 1- 2 (Adolf), 11-30 Jnc. Goldblatt 11-19 Gray 12-7 12-31 12-7 37V2c 12-21 12-2 2 (initial) Michigan 12-15 12- 4 Bros.. (quar.) ______ ; 12- 12-22 $1 12-20 50c 12- 12-20 12- 3 12-20 11-30 12-20 11-30 20c 12-13 12- 6 12-13 1212- 6 (quar.)________ 15c 12-15" —J. |40c 12-15 12- 1 3 12-31 12- 1 2 Warehouse ?62M>C Saddlery (W. F.) 121212- 3 12-10 12- 7% common Hanna (M. A.) (quar.) A- Company (year-end)—— 12- 1-15 12- 6 1- 12-15 2 25c 1- 2 12-15 $1 1- 2 12-15 12-13 12- 3 12-10. 11-30 12-10 11-30 1- 12-15 12-16 12- f 12-20 12-0 12-20 12-20 11-29 12- L ll-lO 12- 1 11-19 v 3 12-11 12-11 12* 2 12-20 12-10 12-31 • • 11- 12- J $75c 1* 12- 1- 12- t 25c 1W 12- i f$1.75 t$1.75. (quar,)— 12- 3 i -1* 12- i I- 12* i 25c —— — 12-10 11-26 40c 12-10 U-26 59 %c 12-30 12-46 30C - 12-27 12-13 12-17. 12- 2 $1 — 1 Securities • National ; Co., Ltd., Inc. (Md.) common (quar.) Casualty Co. ; 12-11 12- 12-11 12- 1 10c 12-15 12* i II-29 11-26 25c 12-23 1 12-15 (quar.)— _ $50c 1- 3 12-10 $43c (quar.)_ — (Detroit) 25c $1 — 1- 3 12-10 25c 12*15 11-30 25c Lead Electric Co. Co. Stock dividend Co (— (year-end) (quar.)— ^one — —— share for each 6% preferred B (quar.) National Radiator Steel Car Corp., Ltd. (quar.) 12- 3 12-16 12- 6 25c 12-20 12-3 12-20 12- 3 12-20 12- $1^0 15C — National Safety Bank & Trust Co.. (N. Y.,) National 12-15 11-30 20 * Co 12-15 50c 5% Gypsum & 30c 25c Gas National 6 25c —T 12-20 25c •■■ preferred, 11-30 25c (quar.)_,— •Extra 12-28 12-10 12-10 $30c — ———— ■ preferred 3 $75c (quar..)—, 1 2 12-10 Mills National'Breweries, 2 12-31 30c 12-10 3 $70c (quar.)— National (s-a) ——■—-v- Company, Co. Co., Ltd.— Printing Co. Extra 4% 12-31 t30c Co. U-22; 25C 12-20 12- 1- 12-20 12-15' 1- 3 40c Munsingwear, Inc. (year-end)— Nation-Wide 3 3 3 $43c ——— .i— 12-10 1- 1- 1- 12'Ac (quar.)— Co Nashawena 12-15 3 75c 1 National West Brass 12-15 10c 1- 35c (quar.)—— Namm's, Inc. (quar.) 32>/2C — class Terminal preferred 11-26 3 12-15 20c ^ 11-29 12 y2c ^_r ________ 6%. 2nd preferred (quar.)__— 12- Co. common 12-23 1- 5 $45c 12- r 3 30c ; — 12-31 $1.50 12-11 12*11 1- .1 — 15C Works, Ltd.—■ — Muskogee 12-22 62 V2C ; . 6 12-20 25c (quar.) (quar.) Co. 12-15 40c ■ $1.05 12- 2 87'Ac ; Co. Year-end 12-13 1- 60c — 7% preferred B (quar.) 4r%% 12-20 75c (increased) Service Morris Paper Mills, Mueller 1 1-2 12'Ac preferred (quar.)——— preferred A (quar.)—_—— 6 12-13 7% t 12- 12-15 25c Extra 4% 7 4 12- 60c Moore Corp., Ltd., (quar.)—— 1 ' 12r 12- 12-15 15c Manufacturing Extra 2 3 $1. Locomotive Increased quarterly 12- 2 11-30 1- 12-15 , 20c — ; 12-10 12-22 12-15 60c _________ (quar.)_____ 7'/aC Lakes Lakes Haloid (quar.)— (quar.) 1- $1 11-23 30C Montreal $1.50 11-20 25c ^ 12-17 1* 12-10 12-13 II-30 15c 1-25 t 12-15 12-10 12-20 12-23 50c Molybdenum Corp, of AmericaMontreal Cottons, Ltd.. 7%. preferred 1* 6 40c 11-29 12- 3 1- 20c — 11-29 12- 1- 12-23 60c 20c Inc.—— Drug Stores, Inc. Great Modine 12-15 11-30 25c i___ (quar.)__ (quar,)— Water 12-15' 12-31 12-16 $$1.25 common Co. Public 12-31 11-36 $1 ——— 12-20 1 11-30 Co., Ltd.— 12-20 12-15 11-30 12-13 $1.50 Sonr Corp. Middlesex 12-15 11-30 12-13 12rl3 _______ Metropolitan Building Co. (quar.) Metropolitan Paving Brick Co,—: 40c 12-10 12-13 11-24' 87'Ac —— 11-29 $1,25 3 15c Co.— A & Machine 12-15 20c __ Paper, Ltd. com.____, A preferred (quar.) $1.20; class B preferred (quar.)— Hall (quar.)_—__ (quar.)___ 50c 11-30 12- Corp. $1.50 Grand Rapids Varnish 12- 12-31 Mesta 12-22 _ 12-10 1- 12-13 20c 6 12-31 quar.) 3 11-30 , 25c (quar. > (increased, quar.)_ Oil Extra 4 1- 12'Ac Metal Forming Corp. 19, 1 87 "Ac 25c 1- Telegraph Co. 11-19 12-24 Messer , 12- 50c 11-29 1. (year-end)__ 11-30 90c 12- 12-23 37'Ac ——— 25c ——_ class A 12-15 Great (M.) 31'Ac ~(s-a) preferred Gold & Stock 12-24 12-15 , 12-22 12-14 %c 6 C.)— A_— Extra 12-15 20c 12-17 3 & $3.50* preferred 12-15 12-31 11-29 37'Ac —— preferred Extra 12-3 28yac (accum.) — 12-31 12- D. McAleer Mfg. Co., 5% preferred Merck & Company, com. 12-20 11-29 18%C : (quar.) Martin-Parry Corp, ; Mayflower Hotel Corp.—. ■. 12-20 3c Co. (quar^) Distilleries, 12M>c 12-20 $1 11-29 10%c (quar.)- Coal Gobel 3 class Basket, Inc., Marsh 12-20 65J/2c 50c Insurance 1 1- 1 12- 12-22 30c . Extra' 12- 6 12-10 12-17 25c Mangel Stores Corp. (quar.)—— Mapes Consolidated Mfg. Co. (quar,)— 3 50c Fire 12- 12-29 12- 12-15 . t$1.50 (quar.) (increased 12-20 90c (quar.)_________ 12-20 12-28 12-22 31 (quar.)——: 6% preferred Corp..— H.) 12-10 12'/2c —_ 35c Extra $2.50 (R. 12-23 $3.50 ■ (quar. (year-end)— Cement 3 $2 ——— Mackinnon Structural Steel 5% preferred (quar.)—^ 5 12- Corp. Corp. I- 12-20 37'Ac (quai\)_ Lonergan Mfg. Co<, class B (year-end Mexican hfd;'(quar.) Cement Harvester Alden Great Star Macy 12-10 25c Globe Knitting Works (quar.) 12-20 5 — : 1 12-10 12- (quar.)— 50c 1 1- 3 12-15 62 >/2c Lone Star Gas Co. 6 12-10 preferred Candy Market (quar.)_—__________ 3 12-24 10c —_—._ Products Year-end " $1 (quar,)___„_ 12- $1,75 1 convertible preferred Lone ' Glenmore 3 ——: Brothels, Loft 7 8iy»c Extra 6% Lit 12-14 12- 5% 12- 3 .12-17 | _________ 12- 25c (quar.) 3 $1 Corp.— 4 t4c ; 2 1- $2.50 ; 12-14 __1.50 Ltd 1- prior Liquidometer 30c 11-30 $3 Corp. ■ Upe Rollway 1 20c Glen 3 12- — 12-27 34%c 1st (quar,): Candy Corp. Gleaner 12- 12- 25c Corp. Wilkes-Barre participating preferred Participating ■ 7% 20c (quar.) Supply pfd. Germantown , " $7.50 General Railway Signal Co. com. (year-end) 6% preferred, (quar.)——____________ 3 12-15- * 12-15 12-1 12-21 $4 Consolidated Coppermines Corp Builders conv.. 30c Co Consolidated Cement Corp.— $1.40 pfd. A (accum.) 1-1 12-20 1 11-30 12-15 30c 6% , Year-end. 8 12-13 $1 quar.) General General 12- 8; 12-15 Co.— (increased $1.60 25c , Commercial Solvents Corp. w. 12-20 12-20 • 12-30 $7 (initial)—-- (quar.) 75c preferred (quar.)— Lincoln Service Corp. (Washington, Common (quar.) 6 5c (quar.)_ & Co. Company 25c (quar.) Engineering 12-10 25c General Electric Co. 12-15 30c Co.-(quar.) (quar.)_ 3.60 ',t 1-3 12-10 12-10 12- 11-30 12-31 12-10 12-16 11*30 12-11 12-10 12-15 1-2 12-22 '12-22 $3C Leighton Industries, Inc., class A (year-end) Leland Electric; 5% conv. preferred (quar.)_ Liberty Loan Corp., common (quar.) _______ 2 12- 12-11 , 20c Lehn 1- 12-15 — Fink 12-10 1-3 3 25c 12-10 2c Extra 11-18 $2 _____________ Wilans Gold Mines, Colorado Fuel «& Iron (quar,> . 12-1 15c Co. -(quar.) preferred Common $1 v (quar.)__ preferred 12-3i 1- — 12-10 10c : 1-15 12-31 $1.50 $1.75 " —_ 11-19 $1 preferred $1 40c 1 12-24 12-21 10c common 11-30 11-24 11-26 20c (quar.) Co., 11-29 12-15- 2 12-21 30c & 12- 12- 9 Co.— Inc. Co. — & i i 1 12-15 $1 Realty Extra 12* 12* 1 25c (resumed) Vo Sessions & 12* 4 1- — General Cigar 11-18 20c Cochenour * 1 6 68%c 8 1- 12-15 12- 15c — Box General Lefcourt Lehigh 12-15 12-20 $1 $1.50 Rubber— Laboratories, & 12-14 25 c 30c J 2 20o 25c ', General Mills, Inc/5% 12- - Co. 12-28 12- 1- 35c Landers, Frary & Clark' (quar.) ' 62V2c Pviro 11-18 5c , : 11-20 1 75c Yards 1-10 12-20 (quar.1 dividend 9% . 45c ,i_' „ 8 12- (quar.) __________—— Combustion . (year-end)30e Stock Molybdenum Pea body 12- $1.75 Mines Union Cleveland i Co. 12-10 $1 Co., Inc. (Theo.) General 12-8 2'/2c City & Suburban Homes' (s-a) Clark 12- 12-22 12-22 12^1 " Circle Theater Co,(year-end) - Gary 1 12-15 . , •_ 12-20 B.) Cement Year-end — 50c (increased)^-. Inc_____. convertible 5y2% V 1 2V2e (year-end) (special) Ry. Street 12- $1.50 . preferred, (quar. Copper Cp. (year-endi Cincinnati 12-15 50c •. Chilton Company 12-3 50c , 4'/a'A ... 3 10c (quaT.) Extra "—— i% 12-14 ; $1 (Julius) Stock 12'/2c (quar.):. Chicago Towel Co. . Co. -• 3 2I/2c Trust 50c (quar.)_r less (I. Lamson (quar.)———— (Calif.) (quar.)„_ are 20c $5.50 $7 preferred (accum.) Kingsport Press, Inc. (quar.)— 6 Portland Lakeside — Year-end 12-15 12-17 (Robert) Garfinckel , ( (quaf.)ti-J____-—________ & • 50c (quar.) Bank Gair 6 50c Charleston .Transit Co.—L*_ / ' '* '6% "partic; -pfd. (quaf.ri'-/C-//"il_l_,l.-___' Cbatham Manufacturing Co., class Ch?rry Rivet Co. 12r 50c Mfg. ifU- preferred • $1,10 . Chemical 12-10 75c Extra • 12- . 25c A 12-21 to effect two-tor-one & Company (year-end) Cleaning & Dyeing Co.— payments dividend tax. 1 11-30 _n— Keystone Corp. Above 1 12* 12-15 (quar.)_— 11-26 Kleinert — t$1.25 12* 12-15 —— prior preferred $1.50 _ Machinery & Chemical Corp.— conv. pfd. (quar.) Foote-Burt Company—,— Foreign Light & Power, 6% 1st pfd. (quar.) Fresnillo Company (s-a) ^ Extra 1 11-30 12-21 12-15 —— (accum.)— 11-26 share Motors Co. 25c Mines, Ltd._ preferred 12-10 ______ Power $6 1 12-10* 12-15 37'Ac (resumed)- com. 12-10 Food 3 12-15 * B 12- 3 -12- $2.25 Ry., 50c & Smelting— Co.— J.) 1-15 (quar.) — com. $1,25 . ________ Airplane 12-15 12-20 ;• $1.75 Keyes Fiber, 6% 12-10 Truck United Florida 12-20 3 . "Class Kerr Addison 12- —a 1 12-15 (quar,)'_______ Valv^ 12- t$l Central Illinois. Securities Corp.— $1.50 preferred (accum.)__i______ll_l^__ Century Electric Co. (quar.) Stock dividend. Chamberlin. Company of Amer. (quar.)_____ ..Extra' ; - 12-15 12-31 12-23 93 %c —— 12-20 Extra 1 t$1.50 Extra Chapman (John Quarterly Year-end 50c . T$1.25 (quar.l General Cold 12- f75c Carey Baxter & Kennedy (quar.) "Extra i Carman & Companjr4'/4% jifd. & Felin Fenton 1-14 12-15 3 12-10 1-14* 15 c & Trecker————— Kennecott Copper' 12-1 2 12-16 12* 1 50c Kearney 12yac , ' for each 1- 1 12-20 — <,quar.)_ Co), Ltd._________ Ltd., 8'« pfd. (quar,)_." * Carriers 12-15 12-15 12-15 12-22 1- 50c —— 12^ 4S1.25 ' — Cable, Ltd. class A____.„___ preferred 1 ,■■■ Ingersoll-Rand preferred Motor 1 fl5c Ltd._Ji_l_________ Ltd.— Co., JLtd._____ common (extra)— & 43%C 4% preferred (quar.) Kansas Gas & Electric, common———■ $6 preferred (quar.)— 7% preferred (quar.L—— • 12*15 1-12 12-21 ' 75c Julian, & Kokenge— Kansas City Southern 1 12-22 65c Mining Federal 1 25c * 4'/o Federal 1- 1 12- Manufacturing—• Enterprises, 7 1- 12- 12-15 • 25c Goods & Railway 12-10 2- 60c (interim) Canadian Canadian 5% com. (quar.)^"_________l/_;„___^__ Northern Power, Steamship Lines, Canada 12- 2 75c - 5% 1- 27c . 5V2% preferred (quar.) preferred (quar.l California Pacific Utilities (quar.)-, Engineering 12-20 $50c (quar.)—— & Supply Co., preferred (s-a) 4%% 6 11-27 3 12*15 25c $1 (quar.)— Co. 12*15 12-20 5%. — Corp. Fairchild 11-20 25o • 50C 12-15 12-15 93%c (year-end)-. Ex-Cell-O , preferred Joslyn Mfg. Inc.— 25c com. 12- 1- 37V2c ___________ (quar.) preference (quar.) RR. (quar.) 1- 3 — (quar.) • Radio Louis) Silver Joseph, &L Feiss ■ 12-28 • 3 1-15. & Schmidt Brewing Co. (quar.) 25c Eversharp, Inc., $5 preferred (quar.25c of 75c, 1- 50c Fairmont _____ 1-15 $1 Fuhrmanh ; < ., Corp", (increased quar.)_ Powef, $2.50 pfd. (quar.) Electric 35c J.15c t$1.75 — receive 6/100 a 12-28 ,25c common 12-24 12-28 1-JL5 Phonograph (year-end) Equitable Credit Corp., partic. prcferrea„__ Participating Participating; * ; Products 1-10 II-30 $$1.25 Irving (John) Shoe Co., 6% pfd. (quar.)„__ Irving Trust Co. (quar.)— 3-17 1-15 preferred Emerson Erie No, but will 3-31 (quar,)____ Laboratories, Rubber 12-31 25c — f$l — 5y2 % six of 2-17 J.25c common Company, 5f/o shares 100 2-28 3.75% 1-17 25c Extra 1 % . each on 12-31 1-31 $6.50 & 12-17 12-31 1-15 31'Ac Investment Foundation, Ltd. (interim)Iowa Public Service, common (quar.)— 11-24 1-31" 11-30 Co. Hose Extra the stock common Hat Corp of America of the combined 12-1 <quar.)_ common common Controller & Electrical 12-7 '. 6 11-30 25c ___ $3.50 12- 12-15 12* 9 93%% Co., 7% pid. (quar.)— Interstate Department Stores (quar.)_ ;— Interstate Hosiery Mills (quar.) ——■:— Interstate Power Co — • 1 1-3 Industrial. Rayon, Corp. (stock dividend)—L_ Inspiration. Consolidated Copper (year-end) International 12- I-15 Extra 12-20 1 11-23 50c Motors,- (Sc. 12- 56'Ac (quar.)—— Pulp & Paper, 5% pfd,- (quar.) Mortgage (quar.) Income Leasehold . 12-20 12-15 12»/2c _________ 12-7 12-23 particiand common paid class $1 40c ' Boat Electric Elliott " -**' 2 J Manufacturing, new com. (extra) Manufacturing (stock dividend*— Electric 12-17 12-23 10c _______ dividend 2 1- Year-end 7 10c 12-14 1- (year-end)—— $2 preferred' (quar.)—— 3 12-23 A pating, 1 12-17 10c participating preferred; (s-a) participating class A (s-a■ non cum. participating preferred /s-a) )7 3 25c non-cum )5 1- 31'Ac (resumed) common.— Participating $3 31'Ac 12-1 12-28 5c - Electric 12-17 initial series pfd. (initial quar.)______ preferred B 1 quar.) 12-15 split-up " 12-15 ------- i 11-27 __ Huron. & Brie common Ltd., $4 par com. held 12-17 12-23 (year-end) com. (quar.)———— Hudson 25c of 12-10 6 Bldgs., 7% pfd. (accum,)__ $1.75 Co., com. (quar.20c Extra ' 3 1- flic " 5% 1- 12-15 50c 45c partic., class A 50c Corp. pfd: conv. Howell Electric tl7J/ac Co., shares of $2 par ; .12-10 12-17 "12V2c (extra)___„_ Two / 11-30 12-15 : (quar.) Extra 15c 75c .—■. Brewing, new Duval Texas Sulphur (year-end Malleable Iron 11-29 12-29 $2.25 12-6 Rubber 12*16 f6c 2 1- 12-1 Eastern 25c — & 12-20 ;. Houdaille-Hershey 4 12-15 preferred 11*24 50C 12-15 12-15 Duquesne $15c — (quar.) Burrard Dry Docks, Ltd. Bush 12-10 12-10 conv (quarT----—15c Extra Bullard 5% B 1 12-27 $1 (initial) (initial).^ Dunlop Tire 11-30 12-14 Iron - , 3 12-10 G.J A Class 12-16 15c & Burlington Steel Co., Ltd. - Class 6 $1.37'Ae Extra ( 12- 12-1 3 50c B 12- 12*15 $2 12V2c (quar.)___ (Allen) 12-10 30c (increased; quar.) 12-15 _______ preferred 12-10 12-20 (quar.) 12-31 50c (quar.) Industries, Mont 12-10 12-20 com. (s-a) 12-31 (quar.) preferred 3%% Du 12-20 50c Co. ' Household Finance Corp. com. 33A% preferred (quar.) preferred Dresser 12-10 12-10 15c (E. Brown Burd 12-20 u-—45c Brooke .---Extra - , 50c 5»A% conv. pfd. (quar.) A-Broadway Market Corp." (quar.) 1 pfd: (quar.)________________: Draper Corp. J.— / 11-30 50c $3.50 Creamery preferred $50c (quar.) Dominion Textile, Ltd., common 1 12-14 12-31 Bower; Roller Bearing (year-end) Brager-Eisenberg, Inc. ((quar.) ' 12-15 50c ,— 1- 25c Co,. 8 12- — Glass 4 4 12- 12-15 _____ 7% 1% $3.50 ____ , RR. Co 12-15 12- 12- t25c (quar.) Extra 11-26 1 $2.25 (quar.) Boston & Albany $2, 3 Honolulu Rapid Transit 6% pfd. (quar.)— Hotel8 Statler Co. (year-endl—_— 12-10 $1.12V2 11-22 12-11 1- 12-22 —- $1 A 11-29 12-23 Extra 11-20 _1_ Stores Cream Dominion 3 12- Valley Gas & Electric Co.—preferred (s-a$3 6% 1 12-24 11J22 12-23 40c- — (year-end) Hobart Manufacturing Co, • _____ Common Blackstone " 12- 12-11 11-24 11-29 $1.25 (initial)-— new. com, 12-11 12-23 , — Extra 11-20 50c 12-23. 12-17 60c 7% 12-17 ______ 3 50c Extra 12- 11-26 12-23 65c (quar.)—_—— Co., Powder 3-17 20c Common 1° 12-23 1, 2 — (year-end)_^__i._ (quar.)__ Mines, Ltd.Dominguez Oil Fields 11-22 1 30c 12-17 4- & Hershey 4 lr Donie Extra Canada, "-5'/e * 3 1-3 /.—$1.25 $1.20 Extra 12-14 -J- 3 2nd'issue W.) Hercules 12-10 50c _____ Bayway Terminal Corp. __:_1— Belgium Glove & Hosiery Co. of Ltd., common -i-i—*: 12- 1-3 12-24, (quar.)—______________ 12-15 $1 (quar.) — issue Payable of 15c Hollinger Consolidated Gold Mines, Ltd.— Quarterly 12- 4 50c convertible preferred (quar.)__ Detroit Harvester Co. (year-end) Detroit Steel Cprp. 11-30 25c ____— "Bayuk Cigars, Inc:37%c :■ 12-15 - preferred; 2nd 5% pfd» Holme (G. 12-15 55c 5% 11-30 3 25c (Chicago) (s-a) Inc. (quar.): Records, 1- 3 12-24 (quar.) Denman Tire & Rubber— Common (reduced quar.f^ 4 12-15 20c — Bausch 7 12-6 12-24 common Frere, Ltd., class Hotel 12- 12-20 $1.12V2 preferred W'itt 12-13 40c (year-end) (quar.) com, Harrisburg Railway Co. (s-a)___—15c Hart-Garter Co. com, (quar.)— 15c Extra' A ■' 15c 12-15 $1,40 common- Corp. Mills, Extra, 12-15 3 $1 & Fisher Stores Decca 12- 10c , 45 When, Share —, $1.25 De 12-10 2 Cigar 1-3 25c , ; Dayton Michigan RR., 8% Long Hook & Eye Co 12-10 De 1- Co., 6 CHorhpany Harnischfeger Corp. 12-15 l- $1 Bonus' 12-21 (s-a)_.i__-,—__—20c,. - 1 50c ■*_*•* V2 % 12-10 $1,25 (quar.)— 4 David & 12-1 3 G. Daniels 12-21 • $1 Batavia 4 % 6 W. Dan. River 6 12- $1.12l/a 4Me%' preferredCurtis Companies D. / 11-30 30c Mills, Inc Extra Basic 12- 12-27 1.2-20 30c Inc., <quar.)___ . 4 25c (quar.) $5 pfd. 12- 40c - (Wt 3 12-3 _ Bangor & Aroostook RE., 12- 12-16 50c Babbitt Ba-rber 12-21 Clothing 12- 1-..3 flOc com. Per Ndme of 1 preferred' (quar.)__ Curlee 12-; 3- fextra Badger 9-.15 12-21 —'' _ (quar.)_____! Automatic Fire Alarm 1 5% Sugar ; , 6 5% (quar.)_____ Atlantic 12- 12-15 90c (R. Cuban 6-15 12-21. .... Co." > 140c ; Extra Associates-Investment 1 1 12'/2c $30c * Extra * Atlas Cofp. 10- 12- Holders 12-15 5c Extra Creameries of America, Inc. (quar.) Crowell-Collier Publishing Co. 12-15 1 7- (2265) Payable of Rec. 10c of L.), Ltd. Crane Company (quar.) 7 25c $1.25 (quar.) Crain 3 12-? $1.25 $5 preferred (quar.) 1 12- - $1.25 * Asbestos" Corp., 6 12-22 , preferred (quar.)J1 preferred, (quar. " $5 preferred 4 12-10 When Share Baltimore, common (quar.)_____ 4V2 '/c preferred B (quar.) 4% preferred C (quar.) ContinentalrDiamond Fibre Co. (quar.)__ Continental Oil (Del.) 1 12t 12-21 Company Consolidated Engineering Corp. (quar.)_____ 1 Extra 1 ^ Consolidated Gas, Electric Light & Power Co. 11-30° 12-18 12'Ac . " $5 12n 2 $1 t. Copper Mining (year-end) Arizona Edison Co. common (quar.) 2 12-2312- $2 Andes $5 1- $1.25 ______ (year-end) 12- , 12-10 12-13 12VaC ____ (year-end) Cable 50c _______ Per Name of 2 12-2 1- 3 5 % pfd. (s-a> iqu8f.)__"_"~__l_ & 12- 12-31 — Co. Anaconda, Copper 3 1-3 (year-end)-—$1 Co. Tobacco Inc. Anaconda- Wire 1- . FINANCIAL CHRONICLE Holders Payable of Rec. 50c _____ 75c American Anchor common t preferred Ampco , Co., Extra When & — $1- 2- 1 12-20 1* 3 1-10 12- 1 3 12-15 $37'Ac 1-15 12-15 $25c 1-15 12-15 SI' (quar.) National Steel Corp. 10 dividend 50c 13c 40c $1-50 75c »0c 20c National Sugar Refining England Fire Insurance Co. Haven Gas Light (quar.)__, Haven Water Co. (s-a) New New New (quar,)-— (year-end) Co. Zinc New Jersey New York Air Brake Co. < special — Co. (quar.) New York Hotels Statler (year-end)-, Auction York New 11-30 11-30 t j $4.50 $5;50 12-1 1f" * 1- 2 12-Ji 20c 2-20 20c Extra — Pacific Atlantic Telegraph Indemnity Pacific ' Extra (year-endi Package Machinery Co Packer Corporation (extra) Paramount Pictures (quar.)—— $10 40c — 4.10% dividend 4¥4% 12-15 12-15 • Thor 11-22 3%% preferred Co. (quar.)—, — Suspender Co. 1- 1 12-17 12-27 12-15' 12- Stock the at dividend of rate Common 20c 12-27 12-17 30c 12-15 12- 12- 1 12-29 11-15 Electric Potomac River Powell Extra Ltd. Provincial pfd. 3.60'*? 12-10 Viau, 12-21 11-29 (N. Y.) Electric Sound 12-15 11-24 Vogt 11-24 Vulcan Extra Products, Inc. — preferred - Ware 12-28 12- 7 common $1.25 12-28 1- 25c — Raisin pfd. conv. 5 % 1- 3 12-15 12-10 11-25 12-10, 11-25 45% - . Extra 1 (quar.) Corp. Co. Note prior pfd. & 5% G.) preferred Co. (quar.)_ (quar.) preferred 5% (quar.)____ Corp. Porto : 25c 12-20 Coal 1 11-22 12- 1 11-22 12-28 12-16 American Tobacco Co. 12-28 12-16 American Woolen Co., 1 11-19 50c 12- 1 11-24 12-15 12- 1 12-15 12- 1 12-14 12- 1 10c (resumed) 12-20 12-10 dends 11-20 12-15 12- 12-15 12-15 12-17 12-15 11-30 12-28 12-15 12-15 12- 1 12-15 12- 2 12-29 12- 6 1- 2 12-15 12- 1 12- 1* 12- " 7 2 12-15 12- 6 II-26 12¥2c 12- 1 11-20 12-22 12- 3 t30c 2-25 I-17 1-29 12-15 •*12- 1 12-15 12- 1 12- 1 11-24 12- 5 12- 1- 1 (quar.) com. 12-17 1 12-15 12- 7 12-28 1- 3 12-17 12-17 , 1- 3 12-17 $1 l- 3 12-15 50C — 1- 3 12-15 Co.—- / 37i/aC j & " 68%c (irreg.) 12-31 12- 5 27c Roofing Co. 1 12-31 25c 1-2 12-20 1- 2 12-20 12-15 12- 4 12- 5 — (quar.)— 31VaC 20c Electric— Corp.,. common (quar.y_L $1.25 1- 3 12-15 12¥2c 12- 1 II-23 12-15 11-26 20c .47V2C 1- 3. 12-15 10c 12-31 12-27 (quar.) 1834c 12-3i 12-27 Co.; $1.25 12-20 12- Inc. 6 this week, these being given in the preceding table. When Per Power Paper Co., Ltd.— preferred (quar.)— prior preferred (quar.) 51.50 $2.50 Acadia 5% Atlantic Post Ordinary Acme A partic Electric 5% Glove Common Acme preferential Corp., preferred common (quar.) Packers preferred common $3.75 4% common of Aluminum (quar.) 4%> 20c 10-29 12-10 1 preferred $4 Aro Co. 11-30 Ashdown 1-20 12-20 Class A 11-15 Class B 11-20 933/4C 1- 1 12-10 $25c 12- 1 11- (quar.) 15c $50c 75c 70c 87¥2c 12-15 11-22 12- 6 11-10 1- 2 11-18 1 11-16 12- 1 11-19 30c (quar.)_ 12- $1.25 (year-end) 12- 1 11-15 Beverage Corp.— convertible preferred (accum.) prior preferred (quar.) Ashland $1.20 7% 12-15 12- 1 12-20 12- 1 12-23 12-18 1 12-23 12-18 12- 1 11-12 12- 1 11-12 12- 1 6¥4C ; 12- 1 11-12 12-15 11-12 50c (quar.) 11-12 12-15 11-12 12-15 11-12 15c 12- 1 1Q-29 $1.12 ¥2 12- 1 50c (quar.) preference. 10-29 20c , Co.. 6% Oil & 11- 1 12-29 12-13 50c $1.50 1 12-15 11-15 1- 2 12-10 12- 1 11- 8 $1 12- 1 12-15 12- 1 5C¥.c (quar.) 12-15 933/4C 12- 11-19, 1 1- 2 12-15 12- 1 11-15 12-20 11-15 tl5c 1-1-49 12-10 |60c 1-1-49 12-10 30C 12-15 30c 12-15 11-29 40c 12'- 1 11-12 $1.50 12- 1 11-12 $1.75 pfd. (quar.) dividend) (quar.) conv. (cash 25c 3% Co. 12- 1 11-12 7¥2c Hardware Co., Ltd.— Refining, convertible 2nd 11- 11-30 40c (quar.) dividend (J. H.) II-30 15c common preferred (quar.) (quar.).. common preferred Associated Dry Goods, common 6% 1st preferred (quar.) (quar.) (quar.) Motion Associated Telephone Picture & 11-29 Inc._ 20c 12-10 11-22 $1.68 Industries, 12-21 11-21 Telegraph— 7 % preferred (accum.) 6% preferred (accum.) 5c 12- 1 11-22 5c 12- 1 11-22 $1.44 Extra Atlanta Gas Light Co., 4¥a% West ^Atlantic Coast Atlantic Coast Point Line Co. Line RR of 11-21 12- 1 10-29 12- 1 10-29 30c 12- 1 11-19 $1.12 ¥2 common (quar.)_ preferred (quar.) & 12-21 $1.50 $2 Atchlsari, Topeka & Santa Fe Ry (quar.) Atlanta 1 12- 12-15 .12-15 12-10 12-20 75c common Associated 3 3 25C (irreg.) 12-10 1- 25c (quar.) 1 50c (quar.) Inc. 12-10 11-15 12-20 10c : (quar.) preferred (quar.) Equipment. 4¥2% preferred Mfg. 12-10 5 3 $3 Co. preferred Carpet $1.25 11^. S 11- I- -27¥2c III $3.75 Stock 11-22® 6 12-10 3 25c - Armco Steel Corp.— & Co., $6 conv. preferred Armstrong Cork Co., common Artloom 5 11-10 $1.75 Armour Artrraft 12- 1 12- (increased). com, (quar.)— 11-30 81¥iC 12- 20c 12-1 2* 1-21 12- 25c Gas, 12-14 12- 1-31-4$ $1 Natural 12-10 12-22 1* ir-2o| $15c A 12-15 12- 1* 12- 12-31* 12-15 200% 12-28 ,40c, Canada, Ltd.— (quar.) American Automobile Insurance Co. American 12- 1 ' $1 America, common: Industries, Arch 6% 12- 11-10 12- f20c (quar.) Ltd., 50c Aluminium, Ltd. (quar.) Amalgamated Leather, 6% preferred (quar.) Amerex Holding Corp. (s-a) American Airlines, 3¥2% preferred (quar.)_ American 12-16 11-27 12-22 $1.80 (quar.) preferred (quar.) 75c (quar.) preferred (quar.) Cement (irreg.) preferred 1-10 12-15 12-31 1 6 ► Ltd common 25c convertible preferred 11-20 12- Co., $1.12¥a (quar.) ; Portland 12-11 1- 3 " (quar.) Co., convertible Class 12-10 12-1 (s-a). : Arkansas 4 1 3 Mills— $1 Inc. Corp.; Aluminum Co. of 4¥2% 12-15 80c Inc preferred (quar.) Allis-Chalmers Mfg., common Alpha 11-15 2 $'l.05 4% 3¥4 % 1 1- 115c (year-end) Co. 12- *30c pfd. dividend 12- 12-24 12-15 12-15 1-14 (quar.) Corp., 11-20 $5 Extra Stores Stock Argus 1 25c 3 1-15 $1/75 Extra 12-10 12- $1.25 (quar.), Laboratories, Allied 3 1- 12-15 participating Participating Argo Oil Corp. (cash dividend) 50c Association Alleghany-Ludlum Steel, Mills, 1- 12- 12-15 (quar.) $3 $1 (quar.) - $4.50 1 150c (s-a) 5 % preferred (quar.) ^ Agnew Surpass Shoe Stores, Ltd. (increased) Alabama Power Co., 4.20% pfd. (quar.) Allied 12- 12-15 12- 3 3 $1 Corp Farms 125c Works, Ltd., $1 pfd. Co. Addressograph-Multigraph Corp. (quar.) Aetna Standard Engineering Co., common Alaska 1- 2 t25c 12- 3 1- 75C Inc. Mfg. Cotton $2.50 a (interim) Steel Arts Common Arden 7¥20 (quar.) (s-a)_ 3 1- $1.50 conv. 5 1* (quar.).. 6% preferred (s-a) Archer-Daniels Midland 1 11-20 11-30 50c 12- 12-15 12-15 (interim) ' Smelting 1- 2 J$1.25 11- 11-30 (quar.).: Corp., preferred Applied 162V2C (quar.) 11-19 11-30 common Products— National Apex Electrical f37¥2c Sugar Refineries, Ltd.— preferred Class Acme Holder* Payable of Jteo. Share & 11-30 12-15 $1.25 — Apex 11-12 $1.75 Anglo-Canadian Telephone Co.— Class A (quar.) Anglo-Iranian Oil Co., Ltd.— 7 % 11-30 $2.25 I (quar.) prior preferred Arcade Name of Company Abitibi Aluminum Co. I__ conv. Gas 12-29 we announced Allied 62¥2c Edison (quar.) Factors 1- 25c (quar.) preferred Standard Stoker 12-10 Co.— (quar.)„ original pfd. preferred 12rl0 6 Anchor Andian 25c (quar.) 11-24 preferred prior preferred (quar.) Ampco Metal, Inc., 6% 6% 1 1 35c ... 7% 12-10 1 1- convertible 10-21 1 12- 12- 3oc Anheuser-Busch, Below (quar.) 12-' 11-30 $1.25 Co. 12- 15c Wire Corp. Stores Sugar Refining, 7% pfd. (quar.) American Surety Co. (N. Y.) (s-ai__ American Telephone & Telegraph (quar.) 10-21 12- 12-24 $1 Extra 1 12-24 50C American 1 12-10 50C American 3 1 12-20 60c 12-10 1- 1 12- 8 12 ¥2c 12-10 II- 1212- 12-15 $1.75 12- >11- 11-18 12-18 $1.25 ..... 1 $1 11-19 12-15 $1.75 quar.).. Extra $1 - - Coke^ <fe Products ( ... 25c (quar.) 1 12-15 50c pfd. 1 give the dividends announced in previou* weeks and not yet paid. The list does not include divl7 $1.37 (quar.) 5% preferred (quar.) Sperti Foods, Inc., 5% conv. pfd. (quar.)— Sprague Electric Co. (quar.) Springfield Fire & Marine Insurance Co. 75c 3 25c Sugar Co. California Southwestern „ 12- 25c Rico preferred Standard 12-23 75c pfd. (quar.) Southwestern Electric Service / 62¥2c -— (quar.) preferred Southern States Iron 5% 3 *25c (quaF.) convertible Common 12- Ji5c (s-a) preferred 4.32% 12-22 jsoc Carolina Electric & Gas Common 8%> Zeigler I'U (quar.) 56 ¥4 c — Zonite 6 Goods, 3 12- 3 10c ; (quar.) Manufacturing Co. Southern 11-16 12- 12-22 $1.25 Paper Co., common 5¥2% preferred (quar.) South 11-26 12-20 Paper 1- 25c Spring Extra $1.50 25c (quar.)_, Sorg 5¥2 % 11-16 12 ¥2c Gas, (Frank preferred 5% 11-26 $1.12>/2 (quar.) Simmons-Boardman Publishing ; Young (L. A.) 25c — Soss 7 25c ! Shawinigan Water & Power Co Sigma Mines, Ltd. (year-end) Silknit, Ltd. common South 12- 75c . Co. Oil conv. preferred 1st series 1- 3 35c (year-end) (extra) class A preferred $3 Co.— 11-19 12- 11-28 - 10c : 1 8- $1 (s-a)_. preferred $4 11-30 12- Corp.. Safety Razor Corp. (quar.) American Seating Co._„ American Smelting & Refining, common American Steel Foundries (increased) - 12-10 1 W Finance 1- $1.25 12- 25C National 1- 50c preferred 2nd series (quar.) Mfg. Co 30c 50c Brothers, Inc. (quar.) Seiberling Rubber Co. com. (resumed)— 5% 1 1 12- American 12-10 1 12- 11-15 1 $1 31V4C — Yale <fe Towne 12 '/2c Co. (resumed) Bank Shoe 4% 7 25c Pacific Seeman Shattuck 12-20 25c (quar.) Rocky Mountains & Corp.___,_ Schwitzer-Cummins Selby 1 1 25c Products Arms Seminole t-,r4'/o 12- 10%. „ St, Louis Public Service class A 4%% 4 12-10 Manufacturing 12-27 12'/2c —. _ Security 12- 2 12- 12- Wrlsley '(A. B.) Co.— $1.20 Safway Steel '. Extra Seagrave 4 12-10 12-10 12- 12-15 12- 25c ... 25c — Worumbd 12-13 11-12 12-15 12-17 Co preferred 7% 11-15* held. t25c cdinmon__ preferred (quar.) — Bros., 4¥2% preferred (quar.)-——— 3 shares $1.25 Co., 12" . 12-20 1- 5% 10 (quar.) Meter Special 3 12-10 30c (quar.)_ 12- 10-20 . Woodward Woolf 12- 11-15* 1 12-15 $1.50 each Foundry Ltd., common Co., Common 3 3 15c (quar.) preferred (quar.);—. & Lothrop, common 30c * Safety Car Heating & Lighting Co. (year-end) Safeway Stores, Inc. com. (quar.) 5% preferred (quar.)— Louis 11*30 conv. 12- 1- 1 12- 37¥2c American President Lines 5% pfd. (quar.).. American Radiator & Standard Sanitary— II-30 12- $3 div.) 12-31 11-20 12- 8 Electric & 1-15 3 1 H-24* 12-20 20c (stock Gas American 1- 12- 12-10 "75c 12-17 12-15 12-14 20% Co. Madison Metal American 12-1 12-29 12-20 10c — of preferred $6 11-30 3 75c (quar.) 5 12-24 1- «• Fomite— Co. ($16 par) for American Machine <fe American 6% 10-29 3 25c (s-a) Illinois Light & Traction American 75c Newspaper Machinery Corp., common- 5% dividend of 1- 40c — - Steel (Alan) preferred 15c —: Savage 7 12-14 50c : (quar.)— Stock dividend 5% 1- 50c 10c (year-end) (quar.) Rotlnnoor Corp. (year-end) Ruberoid Company (year-end)— St. Wood H.) Ltd. Wood 2c Ltd (Consider Wilsil, 12- 5c Tool & Wlllett 12-23 5c Inc. 1 (quar.)-- Corp. (quar.)— Willapa Harbor Lumber Mills—— 12-10 Extra common 1 Co. 12-20 "12-27 1 12-15 1- (irreg.) 3 $1 Co Co. Motor pfd. 1- $1.25 12- (quar.)_ (initial) (monthly). : 12-20 • 10-29 75c 3 $1 1 Co. preferred France share 1 $3 (s-a) (yoar-end)- Wlckes 1-13 , Pendleton, 12- White 12-15 —— Paper— Cable 6 12-21 — Trust, Companjr 6 12- Paper 8 35c - (Boston) Corp., common preferred (quar.) 12- ; 1- 25c —— Steel Whltaker I2V2C Extra Rhodesian, Selection 12- 1 12-15 12 ¥2 c 1 I-17 2-25 50c 93%c (quar.) 2- 2-28 125c ;— (increased) Company (quar.) prior Stock American 1-10 12- 3 10-29 $1.50 $3.50 (s-a) Year-end ^ 1-20 12- 1 $1.25 _ 25c 1 Western Real Estate Trustees $5 12-10 12-15 (year-end) common 25c guaranteed RR,, 12- 12-20 75c (quar.) Wheeling 12-11 "1-10? $1.50 " 7 River 12-15 12-22 35c prior La 80c 1— 1 2 9 3 12- ' Corp. of Delaware— American 80c — Corp.! Inc. I- 2- 1- 50c 62¥2C (quar.) ; non-cum. Investment 6 0 20c Convertible 12-10 2- a for 25c American 3 12- pfd. Assurance 1 12-10 9 3-15 of Co. Common 1- $1.50 (year-end) 12- 6 Hide & American Insulator 3 2- com¬ 1/100 Electric Steamship Leather, 6% pfd. 1 1- 3-15 a $1.18% Products 11-30 11-10 25c of (quar.) 12- 12- 11-10 of 50c 12-15 12-10 11-19 75c Felt, American Ice Co. 6% 12-15 12-22 12-15 held City American Home Extra- 11-30 5 3-15 2nd One (accum.)- 12-31 1-10 partic. class A (quar.)— Republic Realty Mortgage Corp Richardson 12- 12-28 12-15 & 1 12-15 1- for (quar.) Hair 12-15 12-20 1/100 dividend Fire Corp.— (quar.) System, Warner preferred 12- 30c 11-30 12-31 Common 12-30 5c Co. (year-end)— Extra 1 ,10c 50c Gear 12-20 12- 50c . — & preferred 12-31 Raymond Concrete Pile Co. (extra)——$2 Reading Co., 4% 2nd preferred (quar.) 50c. Reading Tube Corp— > Roeser Tr preferred 12-15 t$1.25 11-19 1-15 a common, Co. Corp., $2 (quttr.) 25c " (year-end)_ of (quar.) American 3 1 12-15 held 25c t25c common Wabash-Harrison 1- 3 (quar.i—10c (quar.) Electrotype Extra 4 share stock Atlantic 12-27 10c Chemical Detinning, Waldorf s— Ralston Purina Co., Rapid 12- 11-18 each 12-15 I- 12- 2 30c _ 25c City Electric Co. American Home —i. preferred partic, 50c Quaker Oats Co., common (irreg.) 6% preferred (quar.) Quebec Power Co. (quar.)— 3%'ft! 12-15 12- Atlantic 2 1-15 11-19 12-15 dividend 1-14 50c 12- 11-19 1 12-15 stock preferred American-Hawaiian 1- 3 1 12- City Electric Co. com¬ Electric General American $1 Manufacturing 40c —j. — Purolator 6% 3 — (quar.) 6 50c Corp Virginia-Carolina 12-15 Gas Co., & Timber Pulp Extra & 8 12- $1.06 ¥4 .J, 50c Service $3 12- 1- 11-22 12- held— preferred $2.50 11-30 12-28 1 1 11-29 25c share extra American $6 (quar.) Equipment Co. 165c Quarterly 4¥4 % 6 12-31 1212- held share 6 12- . 3 Co.— City of each 12- 3 12-10 Ltd., common preferred (quar.) Victor 12-10 1 4 3 1- 60c (quar.) Refining Heating 12-23 150c $1.50 12- 1- 11-30 1- $1.12 ¥2 (year-end) Co., com. Electric & 75c Oil 5%- 11-29 12- 12-20 12-10 1 3 1-3 $1 quarterly cash dividend (stock dividend) 2/100 share 25c — 12-10 1- 2 5 • 1 12- 1 12¥2C r Inc extra Common 11- — (quar.) Works— preferred Vapor ,, Paper, Ltd., 4% pfd. (quar.) Light Co., 6% pfd. (accum.) National Bank & Trust Co. (quar.) Co Fund Dye mon 11-27 50c & Guaranty (Bait.) (quar.)_ Wallpaper, Inc.— 4% convertible preferred (quar.)„„ Universal Winding Co. (increased quar,)___. Upson Company (year-end)_ 10c 45c 140c Electric Public Piece 11-17 $1 12- 1- 50c (quar.) (quar.) each for 11-27 11-20 $1:25 Hoe Atlantic of 12-11 13 %c —— Income share 3 12-15 (special) Growers, share 30c — Corp. each 20c Fidelity 12-10 — — Public Fastener of for 50c — —__—, (quar.) (quar.) Illuminating S. 1- 3 1- 4 12-21 (quar.) (quar.). (quar.) 1 12¥2C (quar.) quarterly cash dividend (stock dividend) 2/100 Atlantic United 1 30c ..... . Power —.— $4.25 Utah —,— Power, Co., —.— RR. Extra 12-10 Wine. Valley Pleasant preferred United $1.75 $1.75 15c — (quar.) — & com Extra (quar.) preferred Light Corp. Pacific United-Carr 12-29 6% — Extra Ross 12- (initial) A Special — (quar.) Pittsburgh Screw & Bolt 4% 12-15 class Electric Gas 5¥2 % Pittsburgh, Fort Wayne & Chicago Ry.— Rome 30c Petroleums, Extra 6/100ths of held share of each one one River 12-15 United Pittsburgh, Bessemer & Lake Erie RR.— 6% preferred (s-a>—— . Pittsburgh Forgings Co Common Gas 2¥2c Union U. Common Common United . American 3 Common Fixture 12-14 (quar.)—....—,.—,— 3 12- 11-15 1 City Fire Insurance Co. (s-ai__ Clutch Co. (quar.)__— 4% —— ^ Extra Pioneer 12- 11-26 (quar.) & Fruit 11-26 A Disc Tyler 12-17 12- American 12-10 Twin 25c 40c 12-16 12-15 3 12-10 Twin ——_ 12- $6 3 — 12-16 Co. preferred $4 3 $1.50 25c Hosiery Governor Phoenix Pierce 40c Fork ¥» % Common 12- 7 12-10 11-15 12- 40c $125 30c $ 1.12 Va 50c 50c (quar.) 12-29 (quar.) Shares-Series 12- 87¥2c (quar.) Extra American 12-15 12-15 3 12-10 12-10 1 *2-21 12-lo 3 1 3 4 12-15 12¥2C 1- 1- 3 50c 25c 12- Forging & Soeket 1- Tucson 12- Express American 12'- 7 8 American 12-10 $1.75 12- 12- 11-19 437% c Tri-West A 12-10 preferred '(quar.) Co. preferred 1 mon 12-17 12-10 12-10 1 12- 12-15 37¥2c American share 12-28 12-10 11-30 35c Extra 12-10 12-10 12-15 7% 12- 12-15 12-31 50c convertible 12-28 20c 1- 3 12-27 12-14 3¥2% 11-18 Travelers Insurance 1- 1 1- 3 12-20 12-15 1 Trans-Canada quar.) Year-end 1 3 3 1 12-15 I* 30c (quar.) , (increased 1- 3 11-24 Co.— Common 1- . 12- 11-24 12-10 $1.25 (quar.)_ 12-15 12-10 30c Cyanamid American 12-10 1^ 15c 11-24* 25c com. 3 Co. 12-15 12-20 $1.50 Extra 12-15 1-10 12- 12-10 12-15 3 15c Welder 12J 1- 1 3 50c Electric Corp. 93%c A Co 11- 12-20 Packing Co. com. Tobin Cigar, Co. (quar.) Thomson 11-22 & 1- -— 11-13 $1.75 (quar.) Colortype 15c preferred (quar.) 12-20 11.30 50c 1- --- 2 $1 American 75c (quar.) Extra 12-15 1 —.. . — 1 $1.06 V4 Thomas Steel Co. common 3 1 — 12- $1.06 ¥4 12- Gulf Cigarette 25c (quar.) Producing (year-end) 1- Co.— (quar.). (quar.) 35c (quar.) Texas Co. $1.02 ¥2 common— 12-20 2 $1 Encaustic Tiling Co. American Export Lines, Inc. (quar.) 12-10 Foundry preferred preferred 40c (year-end) (quar.) preferred 12- . 12-10 6% 2 SI Company 50c Stock Puget preferred 4.25% 12- (quar.)— Corp. Co. Transmission Texas 12-15 (quar.),,,———< Pennsylvania Glass Sand Corp., com. (quar.) 5% preferred (quar.) Pennsylvania Power & Light, common,, 4 Vu % preferred (quar.)_— Peoples Drug Stores (increased quar.)—„— Philco Corp., common (quar.) Public Gas 12-15 Extra 7% Brewing Tennessee & 12-20 1- (Year-end) 1 25c (quar.) 12-10 12-24 50c —-— 5c Pennsylvania Coal & Coke Pennsylvania-Dixie Cement . Tennessee 2VaC preferred (quar.) Parmelee Transportation 5% Cos. Instrument Car Chicle 2 2 Extra 2 12- 35c common__ Co. non-cum. American 12-10 12- 12-24 25c (quar.) Taylor-Wharton Iron & Steel Co. 12-10 *12-10 12-20 12-24 12-20 11- 50c (quar.) Extra 25c Sylvania Electric Products, Inc., $4 preferred (quar.)___— 11-22 12-1 $2 Park Chemical Co., common Corp. 12-17 1- 3 1- 2 1_ 2 12- 1 10c -— - Co. Lumber Pacific Steel Can American 3 12- 2 $2.25 <s-a 1 Board Co. Box American 7% 25c (increased qukr.l 12-,u $1 50c 50c class B (year-end)— Co. (s-a) Co. (quar.)— — Filters, United Oliver 12-20 25c 11-20 n"24 11-29 50c Tool Cement Portland Superior Taylor ^ 12-20 11-29 1 35C Superior ' 2 1 75c (year-end)—. 1- 12- 1- 25c — American 12- lloldere Payable of Rec, 25c preferred 12-20 2 25c (quar.) American 25c Extra 12-16 J $L2o *17 /uc Quarterly Machine 11-15 - non-cum. Corp. Sundstrand 4 ¥2 % When Share (quar.) common 25c B 6 12- 12-24 1- Class 12-16 8 Bcmbcrg, Extra 25c 11-15 Service $5 Studebaker Superheater Company 11-15 Holding— preferred (quar.) — Ohio Water Service Co — Old Line Liie Insurance Co. of America— Quarterly 1 6 40c (quar.) com. — 1 12- 25c (quar.) Terstegge Co. 6 11-23 12- 1 Ohio & 12- 1- l 12%c — prior preference 12-20 1- of Company Extra 6 50c common Extra 12-20 93/4C common 5% Stratton 12- 1: 4%% . 1 12- 12-15 12-1 j preferred (quar.) ———$J-12 /* 5¥i% preferred (quar.)-.-. $1;3/_/^ Northwestern Telegraph (s-a)__ — • $1-5U Oakland Title Insurance & Guaranty Co.— preferred (quar.) Public Service, 3%% Northwestern 6 3 12- 75c quar.), (year-end) 1212- 12-17 12-15 12- l Inc., Camp, 12-15 12- 25c (quar.) — Stokely-Van 12-15 3 12-20 35c Year-end 12-15 12-24 Corp. Per Name American 12-15 35c (quar.) — Stewart-Warner 12-15 3 1- U5c Products Aluminum Extra 12-15 » I- 3 12-31 ** Sterling 1- 5c Inc. (quar.) Stedman Brothers, Ltd. Holdert Payable of Rec. Share Company Steak-n-Shake, 11-30 40c Nopco Chemical Co. (year-end) Norfolk Southern Ry. Co. (increased Northland Greyhound Lines, com i J- ' Name of of Rec. J2-14 J;"}* «l Year-end Stock Payable When Per Holder» When Per Share Name of Company Monday, November 29, 1948 FINANCIAL CHRONICLE & COMMERCIAL THE (2266) 46 12- 1 11-19 $2 Conn Railroad, common 12-14 12- 4 $2 12-13 11-15 $1 12-13 11-15 Volume 168 Number 4755 THE Per Name of Company Atlantic Gulf Lines, 5% West & non-cum. Atlantic Indies preferred Refining Steam , — i— Imperial Series A Diesel Gold Autocar Mines, Co., 6% 5 % series 5 % convertible B A preferred B. V. Inc. D. Co. of 4% 7% 6 1 11-10 12- 1 11-10 12-15 11-20 12- 11-20 1 11-20 1 11-20 California 12- 1 12- 1 1 11-18 11-18 $1.50 1-15-49 12-31 $1.50 11-30 11-15 ' common..—_—— ■—:— Oil Co. Iron Bathurst Class 12-10 12-10 11-30 12-15 11-30 40c A 25c (year-end) ___—_„_™ (resumed.) Paper Co., Ltd.— Inc 2- I-10 preferred (quar.) S.) Shoe Corp. preferred (quar.)— 3-10 35c Packing Mfg. Co. (quar.) Belding-Corticelli, Ltd., com. Extra t 7% preferred (quar.) Belknap Hardware & Mfg & Gossett Extra Co. (quar.) II-29 Canadian 11-29 Class 12- 11-17 Canadian 1-3-49 12- 11-15 $1.06% 12- 11-15 $1.75 11-29 11-15 $3 1-31 I-14 Extra VU% preferred (quar.) Belmont Irou Works (year-end) Beneficial Corp., Berkshire Fine $6 prefened Spinning (s-a) (quar.) preferred Extra Co. 12-20 Carson, Plrie, Scott & Co., 4%% Case (J. I.) Company, common $1 1- 12-21 12- 11-15 ,5% 60c 12- 11-15 CatyJln $1.50 12- 11-15 $1.25 12- II-15 " — preferred Birtf,& Son, (quar.) _-™4, — K ' _ 5%-preferred (quar.)____ Foundry & Machine— Steel 25c ,,540% Black Power & Light, (quar.) preferred preferred (quar.) quar.)—r— 4.25% pfd. (quar.) Eros. 12- 12- 11-15 6% preferred Company Bohn & 11-26 12- 11-15 Central Illinois Public 12-10 6% convertible Motor preferred (s-a) 11-24 4% 1- 3 12-15 Central $1 50c & Bigelow, (quar.) 1 11-20 12- 1 11-22 12- 1 11-22 1 12-15 12- 1 12- 1 11-20 12- 1 11-20 Y. Power preferred Brunner Mfg. Co. 3.60% preferred 1-15 1 3 125c (year-end) (quar.) Oil Co. 1- 3 12- 7 1- 3 12- 7 37 %c 25c 1-15 Central & South West 11-15 2 12-12 12-10 11-30 v/1149 11-30 11-19 75c 11-30 11-15 12- 1 11-10 12- 1 11-10 12- 1 11-15 12- 1 11-15 12- 1 11-15 $1.12% (quar.)— 1- 3 12-17 11-30 11-15 12-31 12-17 12- 1 11-10 ■ (quar.)— 40c 1-15 . 1- 2 Central Steel & Wire Co., 6% (quar.) Special Century Ribbon Mills (quar.) Extra i pfd. (quar. Nash MiJls (Wash., D. prior Aircraft Co. - Consumers Continental 12- 8 11-22 12- 11-10 Chesebrough Mfg. Co. (quar,) 11-15 50c 12-20 11-29 75c - 12-20 11-29 (quar.)— common convertible preferred (quar.) 75c 1- 3 12- 7 87%c 2-1 1-7 t5c ' 1-13 12-30 Chestnut 11-22 Chicago Corp., $3 conv. Chicago Rivet & Machine 12- 1 12-23 12- 8 12-23 12- 8 $1.10 12- 1 11- 9 (quar.) $1.25 12- I 11-20 12-13 11-22 25c Hill Railroad 75c (quar.) pfd. (quar.) 12- 4 11-20 75c 12- 1 11-15 Pacific 11-30 10-31 12- 7 11-26 Chickasha 12- 1 11-15 Common fiOc 1-31 1-14 Common 50c 12-10 11-15 93 %c 12-31 12-27 130c 12-15 11-15 12-15 11-15 12 %c 12- 1 11-15 12- 1 11-15 Common Chiids 4% • $1.50 $1.25 • 30c 20c (quar.) $1.25 12-15 1- 12- 2 1 12- 1 12-20 11-19 Cincinnati, (quar.)—— 4% & Gold 12-30 12-10 12-31 12-10 12- 1 11-19 preferred common (quar.) (year-end)— (year-end) South Africa— Power Electric Orleans (quar.) 8 12-20 11-15 Co.— $1 & Texas 3 12-18 12- 6 3- 1 2-15 6- 1 5-15 S1.25 preferred (quar.) preferred (quar.) $1.25 9- 1 8-15 $1.25 12- 1 11-15 5% 5% 11-19 12-15 11-24 12-15 12- 3 $1 12- 1 ,11-17 25c 12- 1 11? 3 12-15 12-10 12-15 12-15 12- 12-10 11-15 1- 2 12-1 1 12- 3 12- 1 11-15 $1.50 12- 1 11-18 $1.50 ''12-15 11-30 ,12-15 11-30 1212- $1 $$1 1 1 1-3-49 1-30 40c 12-15 11-13 15c 12-31 12-10 25c 12-31 12-15 $1.25 12-31 12-15 50c 12-17 11-18 12-1 11-15 12- 1 11-20 12-1 11-20 1- 1 12-15 1 11-15 12- 1 11-18 150c 1 12- 8 11- '12-15 11-30 150c 11-30 10-29 $1.12% 1-3-49 12-10 $1.13 (quar.) 1-3-49 12-10 $1 Co. (quar.) 12- 1 11-19 30c Co., common Co. 12-15 11-26* 12-15 3 12- 1 12- 1 11-15 $1.13 1-2-49 12-15 12-15 12-1 12-15* 11-15 75c 1- 25c 11-29 $1 11-29 11-12 75c 11-29 11-12 12- 11-15 J15c 5 1 12-20 11-12 50c 12-28 75c 12-28 12-14 25c 12- 11- 1 12-14 8 common 30c 12-10 12- $1.50 12-10 12-^ 1 62%c (quar.) Corp., 1- 40c 25c preferred (quar.) 12-10 12- 1 20c '* 12-10 1 11-26 $1.31 % 11-30 31-16 12- 1 11-12 12- 1 J25c 12-20 6 11-12 $2.50 12-15 12- 10c 12- 6 11-22 12-16 11- 5, 4 2%% 2c 3 conv. pfd. (quar.)-- 12-20 12- 12-15 12-1 12-10 11-24 28%c 12- I '11-15 $1.50 (quar.)___ 9334c 90c preferred Corp 4%% 12- t$1.25 (s-a) Company,-334% 12-15 25c common—™_ 1-15 50c (extra) (quar.) Oil 11-26* 40c tquar.) (quar.) Products Petroleum 12-15 12-15 9334c (Chicago) preferred Electric 12-22 25c (quar.) 12-31 SOc 50c Can Paper Box, Ltd., preferred (quar.)__ Gulch $12c 62%c America— Cosden Petroleum Corp.. 5%* pfd. (accum.)_ Coty International Corp. (irreg.) Courtaulds, Ltd., ordinary (interim) Cow 1 12- Assurance Wood Inc. Creole 11-19 11-19 12- <12-1 130c (quar.) (quar.) of Cribben & Sexton, $1.25 (quar.) 11-19 Cornell Crane 12-15 Pacific $4 — 1- 11-15 12-1 30c Co.— preferred A 9- preferred 11-16 $5.25 10-14-49 3 1 J1614c Corrugated 1- 12-10 12- (quar.)—. (s-a) convertible Coro, 5% 12-15 5% 8 12-34 3 $1 Theatres, Ltd., class A (quar.) Co., $2.50 preferred (quar.)_ Glass, Ltd, (quar.) Cornell-Dubilier 6- $1 11-30 1- 25c * 7-15-49 $1.75 12-15 25c Year-end 8 12-11 12- 6 75c Paint & Varnish, common (quar.) Extra $3 prior preferred (quar.). 'i Cooksville Co., Ltd., 60c class A (quar.)__— Cooper-Bessemer Corp., common (quar.) $3 prior preferred (quar.) Copper Range Co Copperweld Steel Co., common (quar.)i— 8 11-22 11-19 12-20 $1.50 _________ Cook 3- 12-31 12-21 12-21 12-10 , Year-end 12- 12-15 12-31 12-31 $1 : 4-15-49 $71.70 11-19 11-19 56%c Extra 25c 1-14-49 $1.37% 3 3 $3c of Continental Gin Co., 4% % Continental Steel Corp.™ 25c $5-50 12- 12- 37%c (quar.) preferred (quar.) Continental Casualty Co. 5% 1 25c pfd. (quar.)_ Industries, Inc.— Fields 1-2-49 12-24 25c 11-29 11-12* 50c 12-15 11-19* Crompton & Knowles Loom Works 6% preferred preferred r (quar.) Crown Cork & Seal Co., $2 "• 12-1 SOc Extra 25c (quar.) New preferred 12-10 12- $1.25 - $3.75 25c Ry., common 5% 12- 1 Gas preferred 11-27 12-30 25c Oil, common Securities 12-15 75c $1.25 (quar.) preferred (quar.)— Chrysler Corp. (quar.) Cincinnati 11-27 11-27 75c 7% Co.— (s-a) com.— (quar.) (quar.) (quar.) Company, Christiana RR., — 5% Cotton 12-15 12-15 5% Chicago Rock Island & Special 25c (initial) 25c 25c dividend 30c $1.50 (quar.) Extra Stock preferred series A Chicago Yellow Cab Co — — 11-15 12-15 $1.50 (quar.) — Chesapeake & Ohio Ry., 3%% 12-15 1 12-15 $lr (quar.) Chemical Corp. preferred 112-17 11-18 12- t$1.50 Inc. preferred 1-1-49 1 11- 8 : (year-end) preferred Continental 12- 1 * Mines, Ltd Light & Power $4.52 1 12-j 1 11-15 12- 75c $4.50 1 1-2-49 11-20 1 $1 Container 12- 20c 1 12- ; * pfd. <quar.)_ (Phila.)— (quar.) preferred 12- $3.50 12- Mills, Ltd., common,.— 5% 12-15 $1.12% — (s-a) 11-20 15c $5 Extra — Consolidated Press, Ltd., class A Consolidated Textile 50c Corporation 11-20 1 50c (Ky.)— Consolidated Laundries Corp. (quar.) Consolidated Paper Co. (quar.) 12-15 1 1 12- 25c — Publications Consolidated 25c Co. 12-23 12> 25c Consolidated Diversified Standard Securities, Ltd., $2.50 non-cum. preferred (annual). Consolidated Edison Co. (N. Y.) (quar.) Consolidated Gas Utilities (quar.) Consolidated Grocers Corp,, common (quar.) 5% preferred (quar.) $1.12% ; 11-19 3 .. 'T 12-14 1 1- 50c Year-3nd 15c (quar.) 12-31 12- 25c (quar.) Extra preferred 11-26 . C.)— - 4%% 12-10 37 %c System, Inc., clas3 A Co. Consolidated Coal Co. Consumers Certain-Teed Products— 11-26 25c (special)—(special) $.ir partic. preference A (extra) Common class B (extra)—— 15c - 3 45c common Insurance Title Corp. Consolidated Consumers 8 11-26 32- 62%c Connecticut Power Co. (quar.jL^ Connecticut River Power, 6% 11- 12- 8 5-? 12-3 J. 1 • Quarterly 11-30 12-10 6-1-49 87%c (quar.) Consolidated 12- 20c 50c Year-end 11-15 12-18 12-31 Southern— Congoleum-Nairn, 11-15 12-18 1-10 - 1 12- 111-1 3-1-49 2- 1 50c Transportation (s-a) Confederation Life Association (Toronto)— 1 12-20 12-1 25c Conestoga 1 75c 12-15 ; preferred 12- 35c 1 68%c common .. 12- 1 12- 53%c Community- Public Service 12- 25c - 12- 12-15 35c (quar.)—,; ; 11-26 12-15' 12-15 " (quar.) Extra 20c (quar.)- 12-10 62%c (quar.) Telephone, Commonwealth 90c Common 1 12-1 12%c common - 12-1 $3 Above payment subject to approval of SEC. 90c 3 12- 12-15 $1 (accum.) Commonwealth 12- .11-30.ur.1149 12-15 12-15 15c & preferred 12- 12- 6 1 12-16. 20c Commonwealth 3 '12-20.; $1 $15 quarterly basis) Co. Commonwealth Life 1- 1145 11-24 — Commercial Shearing & Stamping Co.— Increased quarterly Connecticut 11-15 U-24 12- $25c Insurance Carbon Coniaurum 1 12-10 ■; 11-16 7 $1 ! Columbian 12-11 ,12-1 12-1 50c 11-25 3 11-10 $1.50 (quar.)j. Inc., Title Semi-annual 2 • 1 20c a Baking Co., 1- 30c Corp. (quar.) 12-31 (quar.)- (quar.)— 1 1 1- . 11-10 • 1-3-49 15c - (quar.) Buckeye Pipe Line Co Budd Company (The) $5 prior pfd. 12- 12- 11-29 12-1 12- 1 11-29 . ,40c . — Class B Cone 9 20c (quar.) Company, Columbia $6 12- 12-9 20c — (s-a) partic. preferred Columbia Broadcasting 1$1.75 Chestervilie Mines, Ltd preferred Creek 12-10 80c (quar.) Charis II-29 $0.234375 Extra Common 12-10 ••'437c Extra (quar.) Brunswick-Balke-Collender 11-12 85c 11-29 *7%c A 1 12-18 $1.12% , 11-15 1 10-22 10c Mills, Ltd., class B (initial) 12- 11-12 $2 (quar.) Central Ohio Light & Power, com. 3.6% preferred (quar.) 12-10 3 12%c 50c Conde 1 12- 50c Corp.— 1-1-49 —— preferred (quar.) 4% 1-.3.12-10 $1 12- 50c common 1 SOc 12-15 12-15 Inc.— pfd. 1 25c 12-15 2%% 4.40% 12- $1.25 (irreg.) Champion Paper & Fiber, common $4.50 preferred (quar.)_ Chapman Valve Mfg. Co., 7%. pfd. Co., Ltd.— (quar.)—— Co., Inc Co., common (quar.) $3.60 preferred (quar.) Bruce (E. L.) Company, common 3%% preferred (quar.)- $5 12- 12- 933/4C Rubber Buck 11-20 12-30 40c Shoe Class N. 12- 12- 3 25c Common — pfd. 12-15 12-15 59c Corp.— convertible preferred (quar.) Colorado Milling & Elevator (quar.) 11-15 ; 25c — (interim)™ & Messenger Co. 12- (increased) preferred (quar.) Cessna preferred Brown Brown Bruck 11-19 11-15 1 25c Co,„ Brooklyn Telegraph 6% 1 12- 30c — Brown 12- 11-24 S3 _______ Brooklyn Borough Gas, 120c 1- 3 Ltd.— (quar.) $1.10 ExtI*R 11-20 Common 1 3.40% Extra Brockway 12-1 Service— 12-14 12-17 12- $1.50 t$l Store 130c 2c 4V2% Semi-annual Broadway Department 11-18 Foundry Co., common preferred (quar.) 15c ; 11-15 11-25 17V2c Light, Boyertown Burial Casket Co. (quar.) Brazilian Traction Light & Power Co., Ltd. 3%% preferred (quar.) British Columbia Electric Ry. 5% prior pref. (s-a) 1 12- 12-3 87 %c 5% > 12-15 60c Quarterly 12-10 Co 11-15 — participating preferred British-American Oil Co., Ltd Common (quar.) 5 27'/2c Warehouse Illinois $1.50 3%% 11-. 5 11- 6 12-15 Central Detroit 5% (quar.)„ (quar.) 12- 6 450c Central (quar.) common 12-15 115c 137y2c - 11-30 ,Boston Woven Hose & Rubber— 6% preferred (s-a) Bowser, Inc., $1.20 preferred (quar.) Co., 1-1-49 2 12- 13%c 11-26 Co....— Briggs & Stratton Corp. 12- (quar.) preferred (quar.) $1.10 $2 Bristol-Myers 3 Corp; of America Central $2 Estate Trust Wharf 1- 42c common 1 (quar.) Co. 11-30 Common 11-26 $1.50 Trust 11-30 11-30 1 t$1.25 (quar.) 12-14 Extra Boston 1 1 1 1- _— preferred (s*-a) Caterpillar Tractor (quar.) Central Arizona Light & Power— 1 $1.25 Real Co., Co. prefened Columbia 11-15 ... (s-a)_. (The) $1.75 12-12 Extra Boston 1 11- (qugr.) Extra 1 (s-a) Rent 11-15 (year-eittUatu.**^»•*'-. 15c CateJli Food Products, Ltd., common (s-a)^-450c 12- (year-end) Manufacturing Co. Ground preferred 12- $1.35 Brass Boss 1 (year-end)_ $1.06yi Bond Investment Trust of America— Units of beneficial interest Boston 12- 10% Ltd., Castleberry's Food 25c Si (S.) Aluminum 11-15 150c pfd. (quar.) (quar.) 7% preferred Cassidy's, 30c 25c Tobacco, Blumenthal 8 1 11-29 1 $1.25 — preferred (quar.) Colorado Central Power Co. Colorado Fuel & Iron 8 12- 12- 137c 25c & Bryson, Company 12- 12-31 dividend preferred $1.05 common Year-end Bloeh 11-30 12-15 25c (initial Sivalls Blaw-Knox 12-15 $1.50 pld. (quar.)_ 8 120c 5% ■ Year-end Birmingham Water Works, 6% Black-Clawson Co. (quar.) Stock 7% 12- 11-29 12-15 $1.12% — (quar.) Telephone & Telegraph Carpenter Steel Co $1.50 12-21 3 1- 12-31 Ltd Carolina 1- 1- 12-15 12- $l,12Ya 5% 1$1 11-19 50c — 4% 8 Ltd.— 11-19 12- 3 8 12- 8 (year-end) preferred (quar.) 1 8 12- 3 137V2C 1 11- 3 11-10 11-29 25c (quar.) „ common Plow Extra (quar.) Co., Co. Colonial Stores, 1- 1 40c , $2.?5 pfd. 8 Common 1- —— Bigdiow-Sanford Carpet— (increased quar.) Extra _i Hills Mines, Capital Wire Cloth Mfg. 60c (quar.) .•_, $4.20 (accum.)— Gold Western $1.50 class A $1.75 .Common Black preferred Milartic 10% $1.25 - Colgate-Palmollvc-Peet Co., $3.50 pfd. 1- 1 com¬ (quar.) Collins & Aikman Corp. Collins Radio Co., 8 Trust, Natural Gas Co., (quar.) Canadian Wirebound Boxes, Ltd.— 12- (quar.) Manufacturing Birdsfcoro Investment 12- 1-1-49 12- 150C 12- 50c 3 1- • 12- preferred 60c common 11-30 12- _ $1 4% preferred (quar.) Bethlehem Steel Corp., 1 175c International of Extra 4\a% Ltd.— Corp., 35c — Bessemer Limestone & Cement— 12-15 1- 3 Machine, Ltd., class A (quar.) Industrial Alcohol, Ltd., class A_ 5% 4% 1-3-49 12-31 Ice Canadian 11-23 11-15 125c Canadian Silk Products, $1.50 cl. A (quar.)__ Canadian Tire Corp., Ltd 11-15 1 $$1.12%' 11-12 12- 12- }183/4C common 11-23 12- 11-15 15c (quar.) Investment share , Foil Coleman 11-15 1 125c Ltd., 25c (quar.) common 1 125c Canadian Motor Lamp Co., Ltd. 12 %c < _ Co., 12- 12- Co. Common (now on Common (quar.) 12-15 12- 12- 12-15 50c held). ^s-a)_i__* Cockshutt 11-15 1- 3 1S1.75 (quar.)_. Canadian 1 12-15 125c Ltd., 2-lt _— Special. 5% preferred 115c (quar.) Foreign Quarterly B Cochran 11-15 „ Chemical Class A * 11-26 (year-end)__ 11-30 12- 8* 8* 12-15 ; (quar.) 11-30 12- 12- 12- $4334c Products, 12-24 2-15-49 25c Year-end 12-17 12-17 , com. share a $3 class A (s-a)^_„-1— Coca-Cola Bottling Co. (Chicago) (year-end) Coca-Cola Intemat'l Corp-, com. (year-end)_ 11-26 13iy4C (quar.)__ 11-30 15c 2 3 120c 3 1- 1 12-1 150c 1-3- 49 50c ._ Howell Extra 12-27 15c -™ Food preferred 12-27 +$1 (quar.) (quar.) Ltd., 1-3 Aluminum Products (irreg.) Coca-Cola Company, common—— 1- 150c (quar.) Canadian t$1.75 12- 11-27 J 2-20 (quar.) Club 11-10 12-15 ,— A % Canadian t$1.50 —-—— 11-30 1- 2 115C Celanese, Class 6-10 1 Clorox 11-19 1 1- * 1$1.50 preferred each preferred of Clearing Machine Corp. (quar.) Cleveland-Cliffs Iron Co., common 110c 4 y2 11-15 12- * 1-3 115c preferred (quar.) 30c (quar.) Extra 6% $1 ■ 12-20 12? 15c B (initial) Forgings, Ltd.— convertible for (1/10 4% 12-15 ' 12-15 $1.06% class Canadian-Fairbanks-Morse, Ltd. 1 $1.18% 1 12-20 tlOc - preferred 40c —— 1- 11-27 12-14 (quar.) guaranteed (quar.) special guaranteed (quar.) Clinton Industries (monthlj') Monthly 11-19 $20c Co. (quar.); preferred Canadian 6-10 12-10 1 110c - Extra 25c 12- dividend) 7% 12-10 125c $1.75 40c (A. Beech-Nut < 1st 3-10 35c 3 $1 132%c pfd. (quar.) (quar.) Participating 12-10 35c — 1- 11-10 30c — $1.30 Bakeries, Ltd. (initial) Breweries, Ltd. (quar.) Canners, Ltd., common Canadian 25c -—— 12-10 . Participating 25c — 11-12 137yac ____ 60c non-cum. 3 11-15 11-19 1 12-20 150c Canadian 1 12-15 12- Mortgage, Ltd t$2 Ltd., 4%% pfd. (quar.)___ $$1.12% Canada Vinegars, Ltd. (increased) 120c Canadian 12- 11-26 Canada Permanent Canadian 11-30 12-17 11-10 1 12-20 $3.50 01.75 $4.50 preferred (quar.)__ Cleveland Electric Illuminating Co.— $4.60 preferred (quar.)_ Cleveland Graphite Bronze, com. (year-end) 5% preferred (quar.) Cleveland & Pittsburgh RR.— 6 1 12- 50c $1 Extra 6 Canada Safeway, 11-15 11- 1212- 34%c (annual) Malting 11-15 50c .— (quar.)__. Bibb B 11-18 50c (quar.) 1% Class Canada i 1 11-15 12-23 12-23 15c (quar.) 1 12-13 12-15 50c (quar.) A 12- 12- 11-15 15c (quar.) Ltd. Ltd., Class 11-30 12 %c __ $1.40 Stone, prefened 12- 4 11-12 137 %C Ties, Mills, Inc., (quar.)_™. Lumber Co., common (s-a) A (quar.) A (quar.) A (quar.) 4%% . $4.25 12- 12-15 12-15 (cash dividend mon 1 75c — Extra 11-29 12- 15c — Dominion Sugar, Ltd Dry Ginger Ale, common Canada 5% (quar.) preferred & Crushed 11-18 $1 12-15 (quar.) Equipment Co.— 5% „ 12- $1 *— common —$1.25 Clark 11-19 11- 3 (quar.) Co., City Auto Stamping Co City of Paris Dry Goods Co., common (s-a)_ 1st preferred 7% (quar.)_ City Water Co. of Chattanooga— 5% preferred (quar.) 11-19 _ Extra 1 $1 Stock 11- 1 —i__ Year-end 12- 50c preferred Bell 12-22* 12-15 30c $1.40 Bell 1-4-49 • 1 12-10 35c ; Common 1 Extra 20c 125c 1 $1.75 (quar.) Canada Cement Co., Ltd., Foundries & 3 1 11- t35c preferred Canada 3 1 11- $1 convertible 5%% 12- 3 1- 11- 1 12-10 Campbell, Wyant & Cannon Foundry Co.— 12-17 1- 1 12- 1 (quar.) common Flooring, $1 12- 25c Forge Co., Canada $1.75 (irreg.) com. $1.40 Belden Camden 11-15 3 1 12- (s-a) Mills 11-15 Co. Brummell Beck Cotton 1 I- 11- 115c 1 1-20 1 12- Company 12- 40c _—™_ Works preferred Ltd. 12- 25c (quar.) Power & 7% 5c 112 Vic ____ Bastian-Blessing Class 12-14 12- 12- Electric Power (quar.) California Ink Co. (quar.) California Water Service (quar.) ' ■ Co., 15c — Barnsdall 1-2-49 8%C (quar.) Show, 1 55c , . Class 11-27* 11- $1.12% (quar.)_„ Canada & — Class '12-22 1 Calaveras Land in Timber Canada $1. 3 1 30c pfd. California 12-24 12-10 1111- 25c 11-15 1 — (quar.) : M.) 11-15 12-10 1 1 15c common 4T When Hol&er$ Payable of Rec. Share Machine, Year-end 12- 12- 87y2c (quar.)__ (quar.) __ (A. 1 12- (quar.) preferred Extra 8 Service $1 2nd 4%% Hosiery, 1 preferred 87y2c Machine Corp. Water 1- - 12- (quar.) Barlow & Seelig Mfg., 1 Class A (quar.)„_ Dixie 12- 8c 25c 4% Milling 12- (quar.) Brothers. Extra Cincinnati 37y2c (quar.) Year-end 12- 11-24 11-3 15c Burton Byers 12-1 Per Name of Company 11-12 11-15 Cities Extra 12-15 12 %c preferred Radio convertible preferred 20c - . Beaver 11-20 12- $1.32% - 3y2% Butterfly 12- 1 25c (quar.) Burroughs Adding 12- 1 12- 12-3 25c preferred Butler Payable of Rec. 50c 3%% 4% (2267) Holdere 50c Extra 25c preferred (quar.) preferred (quar.) Bankers Bond 4c Mortgage Guaranty Co. of America, common —•-— Barber-Ellis Co. of Canada, Ltd. (quar.) — Beaunit 1 & Co. When $$l Ltd. (interim) Sullivan Mining & Concen¬ (quar.) Extra Butler (quar,) 7% Beau 12- 40c 4% Bath 12-10 Hill 11-15 40c (Joseph) in Sons -(quar.) Bangor Hydro-Electric, common (quar.) (■Extra 1 4114c preferred < (resumed)... preferred Extra 12- 25c 50c Bancroft ■ 5 (quar.) RR.— convertible % 12- Porcelain Steel Baltimore - 11-10 tl5c America Company, 6 % preferred Building (quar.) non-cum. 11-10 1 25c common Baltimore & Ohio Baltimore 1 12- 2% prior preferred Balfour 11-15 12- J12%c (quar.)_ Corp., 11-30 25C (quar,) C Ltd., common dividend 4%% Baldwin 11-26 ' __t. Dredging, Burlington Mills, Common 25c quar.)— (quar.)__._, Avco Manufacturing Corp. (irreg.) Avon Allied Products (quar,)Avondale Mills (monthly).. Ayshire Collieries (quar.) Stock 11-22 12-10 CHRONICLE Share ' (quar.) Inc. Gold trating 12-16 25c (quar.) preferred B/G Poods, 12-15 12-31 50c preferred Canteen Bunker J5c pfd. A conv. conv. 1 $1 (quar.)_ Automatic Voting Machine (year-ond) Automotive Gear Works, Inc., com. (quar.)_ Extra ___* $1.65 11-22 — (quar.) Automatic 12- 12-15 37 %c Ltd Auto Electric Service Co., Class 12-15 Bulolo Co.— (quar.) series Name of Company 1 5614c Engine preferred Atlas Powder Co.- (year-end) Atlas Tack Corp. (quar.) Aunor $2.50 50c (s-a) (quav.) 12- FINANCIAL Per Bullock's, 12-15 & , Payable of Bee. $1 Extra Atlas Holdere Ship (reduced) common When Share COMMERCIAL (quar.) Inc., common y*u - THE (2268) 4* ?\ 5% convertible & Fcrster, 87a Crum It Porster Securities preferred 1% Inc. 11- 12- 1 12-17 11-31 common (irreg.) 5% pfd, (quar.) 12- 2 12-10 1-1-49 12- 3 12-10 Fair 11-13 (The) Fairbanks Morse It Co. 12- 1 11-15 Falconibridge Nickel ' Corp. Class B J Chemical 12- 1 12- 1 11- 12-18 1 ll-$7 12- 1 11-17 12- 1 1 11-10 12- 1 11-10 12- 1 11-10 Inc. (quar.) Fund, Inc. (quar.)—— Detawaoe It Hudson Co; (quar.)—. Delaware Rayon, class A Del Monte • Properties (quar.) .. Dentists' Supply Co. of N. Y., common Floor products, Dataware T% (preferred, (quar.)—i— :— r 60c (quar.) Denver Union Ntock Yard Co. 75c 30c 15c 1c 50c ' Glass 25c B Fibre 11-29 Class 1 11-15 Firestone Tire & 1 11-12 First, National 1 11-15 Class A 12-15 12- I Class B 1- 5 12-16 First York Firth 3 1 11-27 1- 3 1 Dictaphone Corp., commons.— 4% preferred (quar.) DiGiorgio Fruit Corp., $3 preferred Dixie Cup Co., common (quar.) 25c $1 $1.50 25c 62 %c 15c 12-15 12- 1 11-29 11-19 12- 1 11-19 1- 2 12-16 Class (.s~a)_ (quar.) A 12-20 Extra-— 12-10 $4 preferred • 1 12-10 11-30 11-17 $1.25 12-15 12- 12- 11-13 * Common 5% (quar.) (quar.) preferred $25c $$1.25 ; — __ Dominion-Scottish Investments, Ltd.— 5% preferred (accum.) Dominion SteeP & -Coal Corp., Ltd.— Class 425c 437%e -{special)——— Ltd. (auar ) Dominion Tgr & Chemical Co., Ltd.— $1 (quar.) preferred ___— $25c —— 425c —}25c ' 10c . _ (quar.) Donahue Bros., Ltd. (quar.) Dorset Fabrics, Inc. (year-end) Dover Industries, Ltd. <quar.)_ Dow Chemical Co., Stock — 15c — (cash div.) common 25c 2 Va % dividend $4 preferred A (quar.*)_I-_ $3.25 2nd'preferred (quar.) Dow Drug Co. (quar.) Draper $1 8IV4C 15c $1.50 50c 75c 25c 5C 30c $1.12% (year-end)—_1 Corp. Dravo" Corporation, Driver-Harris Co. Dumbarton Bridge Dumont — 4',) preferred (quar.)__ —- _ Co Electric Corp. Dun It Bradstreet, Common : * (quar.) ___ 4%$> preferred (quar.) Dunlop Tire& Rubber Goods/Ltd.— 1st preference (s-a)_ — _ Dunn Steel du Font ProducLu—______ (E. I.) de Nemours $3.50 (year-end) preferred (quar.)— $4.50 preferred Stcck dividend . Durox Plastics & Chemicals, Inc. (quar.) East Massachusetts Street Railway— Fort 11-15 1 1-15 1 1- 3 General America Corp. 1-15 1- General 12- 1 12-17 1- 3 11-19 6% & Fuel preferred 12-16 11-30 12-31 12-15 12-10 11-19 2 11-24 12-14 11-22 1-25 1-10 ___ 1-25 Dry General Plywood Con? • $7,50 12- 1 12- 1 11-10 1 11-10 45c $l%c :_ $1.12% $1 5% preferred (quar.) 1 Georgia*Carolina Brick & Tile 2 12-15 Gerber 12-27 12-15 12-15 preferred (quar.)—' — lGerrard (S. A.) Company, preferred (s-a)_ Gerity-Michigan Corp. (quar.) — Gibsbn Refrigerator Co. (quar.) Gillette Safety Razor, common (quar.) 1- 2 12- 1-2-49 $l5c 50c — __ %% — $1,50 12- 1-22 12- 6 3 12-15 11-15 Gisholt Machine Co. 12-16 12- 4 12-13 11-30 35c 12-14 .11-27 40c 12-15 11-22 1-3 12-13 00c (quar.) com. <quar.>„ 12-24 12-19 12- 1-1 12-1 12-15 12-22 12- 8 70c 12- 6 12-17 11-19 11-19 12-20 12- 4 1-24 Golden of Carolina common,for each 60 in. Hen of fractional Powro" h 12- . shares he)d.^_^___ 12-24 12- 2 25c 12- 11-29 50c 1- I 3 11-24 11-12* 12-15 . ! — tettra-.-—> t— ; Gotham Ho^ery cm* (extra). —L— Graflex, Inc., Common (increased)5% preferred - 11-24 (quar.) preferred 1 initial), $1.06% €2V2C ' 25c -12-28 12- 2 12- 2 11- 8* 11-20 11-19 12-11 11-19 - $1.25' 12-10 ;T - ~ 12-10, ; 450c $l2%c ii2%c 4i2%c $2.50 ' 35c .^c 12-31 12-15 12-15 , 12-10, 12-17 .11-15 11-15 12-15 12-15 ; .j Stores "Corp., - ;l! 11- 5 y com. (quar.) li-19 11-19 ^ . •• 1 11-10 ,11-30 12-13 11-12 12-13 10c 12- 1 11^- 6 -IOC' 12- 1 11- 6 • ' 11-30 12-io - 11-15 11-15 1 11-15 12- 12%c ; 11-20 11-29 12- i ' 25c 12V«e , : 11-10 12-15 12- $1.25 12-30' 12-20 37.%C 12-.1 11-18 "" 425c --2-1 12-30 ,! j 35c $1 .• 1- 2 1 12-1 12-15 $2 i_ i2^Il ■ Imperial Varnish & Color Co., Ltd.— Common (increased) * ■... —_._e—*■; preferred (quar.)— r 12- I 11-15 12-31- 11-16 425* 10- 0 H-20 •■12-' 1 ,410c •; $2-1 437%e .12—1 : 11-20 ,11-20 12—1 il-13 20c *12-1 1- 3 $1.25 11-10 ll- 3 12-13 30c- (quar.l— Indianapolis Water-olass A (quar.)5<Sj .preferred -A (quar.)— 4%Vo .preferred B fqtier. Indu-iirial Wire Cloth Products CoipExtra !J_-: 12- 8 - . +— ~ -v " 345 425CO 410c - - $106V4 Industrial Rayon Corp» quar j . 11-10 12-10 ' $1.25 Interim 13-10 1 12- 31 V-»C Hydro-Electric-Securities Corp.— 57c_ preferred B (s-a) Hygrade Food, Products '(year-end) Illinois Central RR.-— ( Leased, linesA7o guaranteed (s-a) : Imperial Chemical Indujtriesr-—. — Prdinary -shares (interim) Imperial Oil, Ltd. (s-a)___. Imperial Tobacco Co. of Canada, Ltd — 11-20 12-28 t$l 4$t - - H4o 12-1 3 12- 50c ' 1- 12-10- 3?-%e $1.06Vs. . Pulp & Paper Corp.— \ preferred - A (quar. Oil # Refining: Co Hunt Foods, Inc., com. (quar.) 5-%, preferred <quar.) 5% preferred A (quar.)__^ Hu$smah Refrigerator (extra)— : 50c^r;i2rl5.12-1, 30c..,."$2-.i $2.56 12- ; 12-20 12-1 $1.25 ■ Indiana Gas # Water 12- 1 . 12- 8 Motor - Car *(quar.) .'Extra 11-'5 12- 4- 12-8 12-20 12-30 't $1.50 .participating 11-15 12-15 12-15 -12- 1 12-26 57a . 12-10 - 11-15 .11-15 - •! 12-28 $1.12V2 (quar.)_i . 12-1., lj-15 7 30c common Huttig Sash-&-Door^Co.; 5% pfd. (quar.) i Hydraulic Press Mfg. Co.— 67? conv. -preferred (qiiar.).^___—, t — — 12- 12-15 Humble 12-13 Extra preferred Hudson . 12-20 12-31 .12-17 Extra- . 12-1 12- 1 12-U 12-31 11-10 25c . — llr24* 12-31 II-19 12-15 -50c $2 ... 4%%- preferred (quar.)_ Howe Sound Co. (quar.)_ ; Hudson Bay Mining^ &. Smelting (quar.)____ Extra'—_1_: , 1 1 — Hudson 12- 12- - , 12-17 1 25c Corp._ Company, HoWard 1- 3 $1 $1.56 $1.25 $1 11-26 1- $1 Horner (Frank W.)> Ltd., class A (quar.)__ 4l2%c Houston Light & Power (increased). s!-$5cHouston Oil Co. (Texas)s —' -• r. -*1 , 11-24* ; 11-15 12-11 25c (quar.,) —w-. Horn & Hardart Co. (N. Y.)t5% preferred - (quar.)i____. 11-26* 1-3 11-30 , 12- 1 87.%'c ..(Brooklyn,. N. Y.) Mining Co. (quar.) 1 Oil -Extra 11-15 $5 preferred (quar.)———^ Goodyear Tire & Rubber, common (quar.) — $5 convertible preferred-(quar.)-*,—— Goodyear Tire & Rubber Co. of Cay ada-^ Reduced v Gordon Mackay Stores, Ltd., trass A (quar.) .. das& B (quar.)—. 1__ —,—- 2, 20c 4% 7o: preferred 3 • 11-20 Electrochemical ^Co.— Hoover 1- lr 3 Company, common— 11-20 1- 425c . Co $4.50 cony,.2nd , 1-3 12- 1 Gossard 25C . 11-30 $2-31 Gorham Manufacturing Co. (year-end) (H. W.) Co. (quar.):.— of re- (quar.)— , • cash. gecfeogrophie f?eip£ (qrar.) jqr » Walker pry Goods Enferooh Drug Co .,8% preferred 12-14 $5c Ltdi— Extra 4 shares, the cash equivalent will be paid, which is equal $•13)0 fete of 50c per share; All stock¬ oily Hooker 12- 3 $1 37Vic , $1 Goodrich (B, F.) Light holders owning less than 60 shares EkntiieHond & Share eommon- will Honolulu 11-15 12-15 5c26c l-*5 12- 1 12-1 . Home Title Guaranty Co, 11-24 12-15 11-26 — Mines, Gil Homestake .12- 1 11-30 12-27 I-18 1-15 25c 50c- . ' . 10-20 12- i 4% pfd. (quar.)— GoodaB-Sanfov$h Inc., com. (quar.)_. ! 1% preferred-(quar.)-—— — share 11- 1 12-10 1-25 1- 52- 1 12-15 87%e " 12-21 25c 1-28-49 30c preferred .(quar,)—. Quarterly^ $2c (quar.)_ 12-31 ' , Hires 56%c i.-. — Manitou T 11-15 25c . 11-26 12«f 1 Hinde & Dauch Paper Co- of .Canada, Ltd.--. 11-20 12-10 12-10 12-30. 11-30 II-18 12-10 Safety convertible 1 " $1 32c Hibbard, Spencer, Bartlett &, Co.— Monthly Monthly 4'& 12- 37 V2C — Appliances— Hilton Hotels Corp.,- common, (quar.)—— 2%■ Golden State Co., Ltd., . Electric Bond A Share (stock dividend)— , ; 11-18 Highway 40c (increased quar.) (H. C.) Co., 6% preferred Brewing Co. (quar.) J—. Extra 12-1 —,— Godtean Goebel 12- 15c . I2r 1 25c convertible preferred (quar.) Globb Oil Co. ttd— —1— . 25c common— — 12-10 12-16 12-16 1- 3 12-3 ... 4ya% 11-i9 15c 65c (quar.) 25c $1.12'/a 25c * 10c ISC. 62%c ' ..75c • $1.25 25c dividend.— Stock ll-l 11-19 75c . 1 25c — BMl»IO;DoM CO..---. NleMndpx Corp. <year-end)_— One 50c (quar.) 1 Company— Common (cash dividend) 12-20. $1.02ya $l.ooy« w ' Glidden 2 11-26 11-29 11-19 12-10 11-19 $1 , $5 preferred (quar.) Girdter (The) Corp. <quar.) Extra 12-24 1- ■ — - 12- • Elastic Stop Nut Corp EfedtxiO Auto-Liie Co.—; Watch EXtta 6 37 %c $1.66y4 — preferred (qimr.) 44WH preferred (quar.).— lOBntrNui 11-15 3 2lc ^M,Sd preferred (quar.)^____! Elgtn Ifettoanl 1 1- 12-15 common common 3 12- (increased)— common $5 $25c _____ _— flw» Natuxal Gas Co., ' $1 Products, $1.12% (year-end) (monthly)!— Edtson ftroa. Stores, common (quar.) 444% participating preferred ' (quar.) El —— (quar.)—— 41/2% 12- 8 Dorado Oil Works^ ?1 Paso Electric Co. (Texas), $1.25 11- 8 1 1-2 11-30 . 11-15 12-15 31,2 '/o preferred (quar.) Heywood-Wakefield Co., common— 5% preferred B (quar.) 11-24 . 11-22 .12-22 . Home 12- 1 12-10 2% 1 30c 11-10* 11-18 1-10 25c — 12- 11-30 1 25c $4.25 - 12-15 .12- $1 1 50c — 25c 11-30 Heyden> Cheniical Corp., 11-19 . 11-15 12-21 12-11 25e $3 12- -12-15 . 34%c r 12-17* Hershoy Chocolate Corp. (extra). Hewitt-Robins, Inc. (quar.) 1-10 " (quar.) 11-17 3 12-15 50c (extra) 1 1- 25c —_—r 3 11-20 32-15 25c pfd. 12- 12-23 12- $5 30c 75c 2-1 Precision Common stock dividend ..12-15 $4 preferred (quar.) Holophane Company 1 Holt (Henry) .& Co., $1- class A (quar.) 25c — $1 1-3 75c 25c ■; 12- 1 , 12-17 11-30 12-22 $1.25 Advertising, common——' convertible 12-11 (Chas. E.) Company (quar.) Ho)lingsworth A "Whitney Co,— Common (year-end) ! 03%e $2 Corp. 1 1-2 1- . 11-23 12-17 1-2 12- 1 12-10 2- 1 75c 11-26 1- - 12-8 1-5 11-12 11-20 1- 3 12-28 12-10 84%e 12- 1 1-2-49 — El , 12-10 $1.50 $1.75 Edfewater Steel Co., 20c $2.50 $1.75 $1.25 40C Cement 12- 12-11 Hercules Steel Products Cpvp,— 6% convertible preferred B" (quar.) 11-15 ■ 12-29 2-1 12- 1 12- 1 12-11 $1.96% $1,75 Extra (quar.) 12-> 1 75c ———*—-— preferred "(quar.)—Equipment General Steel Castings, $6 pfd. (accum.)— General Tire & Rubber Co. (quar.)-—— General Waterworks Corp.— 11-lfi 12- (accum.) (quar.) 5'% 12-10 75c '• ——f Batteries, Outdoor General $1.50 A ■— General II-23 $1.50 preferred (accnm.)____ States Corp.. $6 pfd. A (accum.) ♦f preferred A (accum.) ^— Extern. Steel Products, Ltd Eastman Kodak Co., common (year-end) Class — Hercules 11-30 2 ; Brewing Hendry (C. J.) Co., 5Vz'/<> 12-15 12-15 — <G) 3 12-10 420c Mining Co. Heileman 11-24 11-15 12- 3 12-10 12- 1 12-1 12- 1 11-26 12- 2 12-20 1- 2 1- 2 1- 2 12- 8 25c $30c — 1-10 12-15 $1.75 ——— 11-16 11-18 12-15 Hecla — 12-15- 40c —_— Coip- 3 1- 410c —— 11-15 11-15 12-10 11-24 12- 1 6 11-12' 1- - 410c — I- . 1 17VaC Battery. Co., Lid. Extra 12- 1 Co. 11-12 1-20 .12- . 420c ' — (quar.)——,—. (quar.) Hazeltine t$1.25 t$1.38 $3 37%c — pfd. (quar.)_. — Inc.— — General Fireproofing Co., common7% preferred (quar.) General Industries Co., 5% preferred (quar.) Gemmer Manufacturing Co., class B, $3 preferred (quar.) General Milts, Inc., 33/a% pfd. (quar.)General Motors Corp., common (year-end)— $5 preferred (quar,)— $3.75 preferred (quar.) 12-16, 6% Stock cttvidend Chemical 75c 12%c Cigar Co., 7% Associates— 4t% preferred (quar.),— Edifr Paper Corp.. common Hal thaw Co. . 20c — — .11-15 12- 50c Hathaway Bakeries (quar.)-^rx Hathaway Mfg. Co. (year-end) Hazel-Atlas Glass (quar.) 56y»c $4.25 preferred series A (quar,)__; Eaaiem ": 1- 5 Transportation— (quar.) General 11-29 3 2-10 _L— prior preferred Wholesale Extra 11-15 11-15 12- $lil Hartman Tobacco, $4 pfd. (quar, $3 non-cum, preferred (quar,)_____ (quar.)- (quar.) General 12-22 1- American Common 11-20 1 12-13 10c _ Gas Harrison 1 11-15 12- $1.06 V4 (quar.)_— Corp Plywood 12-1 —-a.—_» Gaylord Containea* Corp 1-15 $3.75 87%c $1.12% 20c preferred (quar.) preferred (quar.) , Eagle Picher Company (quar.)__ 4Vt% Harding Carpets, Ltd preferred 1 12- 25c, (M.. A.) Co., $4.25 pfd. (quar.)—^ Harbison-Walker Refractories, common—___ 11-10 12-29 $1.25 5%% preferred (quar.)——-— Gauley Mountain Coal Co. (year-end)—— I-3 12- -_-!'_u— 12-10 Garrett Corp. 12- Extra 11-20 11-15 12"- 1 Industries 1 11-15 ^12- 25c (quar.)____ 12-15 Paper * 11-24 12- 12- 1 12- 1 12-15 12- 1 —. Gatinedu Power Co., Ltd., common 5% preferred (quar.)__ B 11-24 1 11-15 11-23 (quar.), 12-10 ' 50c —25c. 50c Co., class A 6% .12- 1 Oil Extra Harbor 1-3-49 12-15 12-14 11-20 3 12-10 11-20 11-23 12-14 11-24 1- 11-16 11-18 22-10 1-3-49 11-20 2-1-49 12-16 12-15 <11-20 jL-3-49 12-15* 12-1 5% Corrugated 12-10 . Sl.O6.V4 25c 25c —— 11-23 50c 25c- tity/zc i (quar.)—1 Co. 11-24 11-49 $1.12 V2 12-1 12-15 12--1 12^ 1 . 4 Wt% 12-10 10c 12-19 J25c, .JL2-15 42-15 ,$1 (initial) 12- 1 1-15 11-15 42-20 Ltd._^._Z!__ll.__^!—422 Vac Hanna 12- 11-15 1 .- 4%% , (quar.)--—,1— 1- 7 12-18 85$ Eastern , 11-15 12-31 6% preferred B (accum ) East St, Louis It Interuiban Water Co,—- East I*duc OH Ltd. , 1 Wayne , 1 ?•.. 47c • Wfctch common 12- 1^ : " V 87%0 ' 11-15* Hart 2-1-49 12- New 11-15* 1 12- 12- 1 (quai.) —— 1-3 Frontier Power Co. (quar.) 20c 12-10 Fruehauf Trailer Co., common (year-end)— 50c 12- 1 4% preferred (quar.) $1 12- 1 Fruit 6f the Loom, Inc., Common™—3 $1 f 1^10 $3 non-cum. preferred $1.50 12-10 Gair Co., Ltd., 4% pfd. (quar.) J$1 12- 1 Gair (Robert) Company, 6% pfd. (quar.) 30c 12-20 - 1% Mineral — — —— , 12- 1 11-15 •*12- 25« . Co., cmnmpn: (quar.) 4% convertible preferred '(quar.) __L Hammermifl paper Co. (old ^.common) $2- 1 $1 $1.12% 30c (quar.)— (quar.) Fort Pitt Bridge Works (quar.)— %t62%c __ _ (quar.) Stores, Inc.— (cash dividend) $2.50 preferred Foote 1 & Co.— Common 1-1-49 50c = pfd. Frontier 12- Mines, Led Cotton Co,; Hamilton. , 1- 7 2-1-49 Hallnor 12- 1 -—— Stores, Common 12- 12-10 $1 *oe (year-end)_ Franklin Simon Co., iV2r/o cor.v. pfd. (quar.) ' Freeport Sulphur Co. (increased)— — 1 12-10 — 462%o B Dominion Fair Common Dominion, It Anglo Investment Corp., Ltd.— $$1.25 11-29 — 11-30 _ 11-15 1- 3 — (quar.) 11-19 ______! 12- 1 75c 12- 8 12-16 1 . 25c, ... 11-20 1 - 81.12% 2 12-30 42- , I0'/o Brothers Stores (quar.)__. Halliburton Oil Well {Cementing Co.— Quarterly : !J 12- 12- 5% preferred (quar.)— Dominion Malting Co., Ltd, 12- 3 120c. - Hale Class Company (resumed) 15c Co — 15c Doernbecher Mfg. Co —15c Dominguez Oil Fields Co., common; 25c Common 12-15 8 12- 8 75c 12- 6 Food — $2-50 12- 12- 9 lr 2 '— Extra : 1L-15 2 (quar.) 1- 11-26 Pepper 3 ____!, dividend 4, i- 450c (stock jiiyJdcnd) _——!. Corporation 25c 12-10 Dr. 1 12- — 11.-15 Dobeekmun 12- 12-15 j—__ j—1 1 10c —... 12- 3 12-22 Extra 12- '-''T- 2 420c ' , ., 12- Extra . HaJoca Cash 3 12-r20 llrlO 12-16 f 11-19 , 85c ., $1 preferred f llrl9 3 12-15 $30c " ■ 11-30 12- >1- H ! ' Hancock 12-1 1-3 11-17 Hamilton , 6-46 14-19 T2-22 — 11-15* Florida Power & Light 4Vz% Flour Mills of America, Inc. — $|,50 T 30c ,. $1.10 Hackensack Water Co. (s-a)_!_____: llahn Brass Co;, Ltd,, commjm^--.—: ' Extra 11-15 11-15 (quar.) 12- I 12-10 12-20 ■ 3-10 2 1- . (increased -quar.) 11-15 1 Houses, Inc. Gulf. States Utilities, com. ^,:;-$4.48 preferred ^qu^r.) 12-10 . t20c (quar.)—, :—' common ' 12- Dobbs •- 12-31 12-31 *1 *1 preferred (quar.) (M. H.) Co. (quar.) Extra 11-12 15c 12-10* ' 12- 1 „—»— 75e . - 11-30 (s-a) (s-a)— Fishman 11-26 12- : > 12- 11-27 12-10 Inc. 11-22 12- 5% 1- Co., 11-26 12-17 12-19 81225,6 r30-48(quar.) •12- 12- Carpet Extra 11-16 12-20 1- 3 $1.25 81-25 v? 12-28 -30-49 $1.25 3 ■ (cash dividend). Corp, preferred (quar.)______^ preferred (quar.)__ Hammond Instrument Co. (quar.)____ • 11-15 1- $1.50.. 5e $1.25 25c 11-26 12-J9 11-24 12-20 (quar.)— Special year-end stock dividend (One shr. of Texas Gulf Sulphur common for each 65 shares held) Gulf Power. Co. $6 :pfd. (quar,)_rjr !___—. (Utah) — Corp., $2 preferred (s-a) 3 75c Fittings, Ltd., class A (s-a)—130c Fitz Simmons & Connel) Dredge & Dock Co. 25c Fltzsimmons Stores, Ltd.— 5% participating class A (quar.) :« " 20c 5% hon-cum. partic class B (quar.)^ 20c Fllntkote Company, common (quar.)——50c 12-24 12-15 common common 1- 3 „ 3-18 12-10 12-20 — —— 12-40 11-49 12- 7 preferred Gulf Oil 4-1-49 ,*5c Rubber, 4%% pfd. (quar.) Storcs____ 11-10 1 40c preferred-. 85 32.50 — First Security Corp of Ogden 12-23 4°c 37%c Walt, B 11-18 1-15 $5 $2-10 of 11-19 12t-10 11-12 12r " 12-15 — Canada, i;td._„: Finance Co. Of America at Baltimore, class A Products 12-.1 11-12 1 -$1.75 30c - Gulf .Mobiln $ Ohio,- $5 preferred-—. I -26c 18^ <. Cashdividend.— 12-16 11-20 Corp. (year-end) Guantanamo Sugar, $5 preferred 11-30 .! 12- 3 12- -41-20 12-10 40c —- 11-19 12- , / — — Grinned 11-10 12-10 31 V*c 11-20 12- 1 (quar.) Diamond Match Co. (quar.).. Diana Stores Corp. (increased quar.)—; De Works 12-15 6 12- 1- 11-30 12-13 ■,.5c ———— II-30 , . 11-1$ „ _ .,11-30 12- I 37%C —• Greenfield Tap & Die Corp. (quar.) Griesedieck Western "Brewery (quar.) $2-$9 12- 40c1 (Kansas) (initial) Detroit & Canada Tunnel Corp. -(Irreg.).... Detroit Edison Co.— — Detroit Gray Iron Foundry Co. (resumed) Detroit Mortgage & Realty (quar.) — pevoe it Raynclds, class A (quar.)— Deiliy Oil Co. 12-15. 1 1-2-49 Federal Screw 12-23 11-15 $2.50 ,*2.60 18%c 15c 12- 35c 20c $1.75 12- 12- 12-15 12-20 11-17 12-21 12-24 , 11-29 12-20 $1' 50c <- 12- 1 12- 1 12-15 12-15 1 Non-cum, preferred (increased)— Great Western Sugar Co., common (quar.)_ 7% preferred (quar.),— — — (quar.) Ferrb Enamel Gorp (stock dividend) 1- 1 11-15 25c 12- 3 12- 12- 1 — 12- J ■ 2% 15c 25c Stock dividend Delaware Great Northern Ry. Co.— 12- —— -1— Extra 12- 11-30 50C 3JC 25c . $1 tlSC preferred Extra- (quay.) Paper 11-15 1 $2 Pacific Tea (quar.)— *$.25 Federal Enterprises, Inc.— $1.25 conv. preferred (quar.) Federal-Mogul Corp. (quar.) Extra w—' - _ 1, (N. Y.) (quar.)^ Co., common.- Indemnity & preferred Great Northern 10-29 12-31 12- 2 12- Atlantic 7<i 12- 5% 10c $1 $1.76 50c 80c i 87%c . 11-17 12-17 American Great 1 Co. (Syracuse) (quar,) — Quarterly ' —-—,-v—--—Fatquhar (-A. B.) Company (quar.) Federal Bake Shop8,. Inc. (quar.) 11-27 12- light, common (quar.) 45e 3% % preferred A (quar.) preferred B (quar.) 93%e Deep Nock Oil Corp.___——— »0c Deere it C©„ common (quar.), — 25c Year-end a-.—..—$1.75 T% preferred (quar.) : .35c Deerfield Packing, 4%'/r pfd. (quar.) $1.12% DefeyStores, Inc. (cash dividend) (quar.). 15c Great 12- 12- 1 tlOc (quar.). ! — Fansteel Metallurgical Corp. Farmers & Traders Life Insurance 1 12-10 City jSteel (year-thd) Grayson Robinson, Inc.-— Common (stock dividend) 12-31 11-25 fSOc 75c Granite 12-31 12-15 & common.! 12-10 — (quar.) Corp, Brewing Ltd., Co., 12-15 (quar.) — Power 1-31 t-1-49 62%c 5% 12-31 10c — Falstaff 11-15 12-21 Granby 1 $25c * 26c —- ' 3 12- 25-49 * 75c Feltman & Curme Shoe Stores Co.— jl-15 12- 1 $17%C 27V2C >— » (quar.) Dag Mines, lac. Dfeton Power 11-26 11-26 12-10 12-10 40c 437 %c . *1 1 1- 18c (year-end) Mines, iLtd — 12- • 4 . 11-20 15c Faber Coe It Gregg, common Fabricon Products,. Inc. Extra 12- 1 12-15 $50c (a*a) 1-1-49 $L50 _75c $12.25 $1 $1.75 30c — . $$ 28c $1*25 oOc $1.25 Company fs-a) Excelsior Insurance Co, 11-15 11- « 40c Door (irreg.) DaVis Leather Co., Ltd., class A (quar.) , Essex 12- 1 12- 2 12,2c (quar.). 12-17 12-17 fz.uo 12-17 1-2-49 $1.25 11-15 1-3-49 50c __ Extra DattfstTOm "Metallic Dawison 8 12-31 Corp.— Cuban Tobacco, 57c preferred < accum.) Curtis (Helens) Industries, Inc.— 50c convertible preferred A »quar.)—____ CurttsrMfgi Co, (Mo.) (irreg.) Curtis Publishing Co., $4 prior pfd. (quar.) $7 5preferred (accum.)—— Cuttiae-Wright Corp. (Irreg.).—— Cushman's Sons, Inc., 7 7a. pfd. (quar.) Cutler-Hammer, 11-12 12-15 *2 Sugar, Cttban Atlantic Sugar, 1 12- (quar.) Cuban-American 11-12 12- 2 $1.25 (quar.) preferred (quar.) preferred Crum 12-13 12- 1 America— Crucible Steel Co. of 3 I- Holder* Payable of Ree. Share Ltd., class A (quar.) Consolidated Mining, Smelting Grafton & Co., Empire & Bay State Telegraph Co.— 1% guaranteed (quar.)—1 Empire District Electric, common (quar.)— 5% preferred (quar.) J Emporium Capwcll Co " Emsco Derrick It Equipment— 4% convertible preferred (quar.)-,n_ Enamel & Heating Products, Ltd Equity Corp., 20c preferred (s-a)__— $3 convertible preferred (quar.) Erie Coach Co., new com. (initial quar.)— Eric & Pittsburgh RR„ rl'/o guaranteed—— 5% preferred A (quar.),; — 12- 3 12-16 When Per Name of Company Payable of Ree. Share Name of Company Payable of Ree. Holder* When Per Holder$ When Per Share Grown Drug Co. (Irreg.) — 10c Crown Zellerbach Corp., common _ 40c $4 convertible 2nd preferred (quar.)— $1 $4,20 preferred (quar.)._ $105 Crow's Nest Pass Coal Co., Ltd, (8-a)—$$1.50 Name of Company Monday,, November 29, ■ 1948" & FINANCIAL CHRONICLE COMMERCIAL . l2-10 .11-22 10c 12-10 11-30 20c 12-10 11-30 75c (quar.). * 12-13 ; • Volume'168 Number 4755 THE Per Name of Company Inger'Soll-Rand Co. Share 75c (quar.) Year-end Co. partic. 12- 1 11- 12- 1 preferred (quar. > Machines— 8 $1 12-10 5% :— . Special 1-28-49 37'Ac \quar. 15c iu Special 12'Ac ; International Cigar International Eoucational Machinery 20c Publishing $3.50 preferred (accum.) International Harvester Co., common 1- Class A 11-23 1- 7 Insurance 32-17 Life 1- 3 12-17 12-10 11-30 12-31 1-15-49 12-15 1-15-49 12- 5 11- Ltd.— preferred (quar.) International Minerals & Chemical Corp.— $$1.12% — 1- 12- 3 7 12- 12-30 7 Ltd 12-15 11-19 12-15 11-19 25c (quar.) 11-22 11-19 12-20 12- $1.25 12-15 1212- $1.50 12- 1 $1 12- 1 5c 12-20 12- 6 11-15* Lockheed 12-31 12-15 Loew's, $1.25 12-31 12-15 12-15 12- 1 40c 12-45 12- 1 Long-Bell GOc 12-15 12- 1 Lorain $75c Investment 6% ■ . .. -—_ , Foundation, Ltd.— preferred, (quar.) Investors Iowa of Trust Selective Southern Iron Fireman Boston Fund, Utilities Jaeger Machine Co. Jahn & Oilier Jamaica 7% Public 50c (quar.) (quar t — Inc. (quar.) $4 tl2VaC i—; (Md.) __ 11-24 Extra 1 11-20 Louisville & 11-30 Louisville Tit.e 11-30 4V* % (M.) & preferred 11-19 12-15 12-10 11-29 M. — 20c 12-14 11-30 12-14 11-30 5 12- 3 1- 1 12- 3 MacLaren 1 11-12 Madison 12- 1 11-12 Magma 1- 2 1^-15 Magor 10% 12-15 $1.12'A $1 $1.12'A Inc. (quar.) 15c $1.18% Mill (quar.) (initial quar.) 11-22 1 11-22 Mar-Tex 12-17 Masonite Corp. 11-30 Massachusetts 12-10 11-30 Massey Harris, Ltd. 12- 11-15 Master (quar.) 5% Corp. 11-15 Mastic 3 11-15 Matache-wan 1 11-15 Mathieson 12- 1 11-15 7% 12-30 11-29 11-26 12-10 $1 1- 3 12-10 McColl-Frontenac 1- 3 12-15 McCord 12-15 11-24 $2.50 12-27 12-10 Mclntyre $1.50 12-15 12- iquar.t ' 11-30 3-22 12-24 12-14 10c — — 12-14 12- 4 37'Ac 11-30 11-15 50c 1-2-49 12-17 4% preferred (quar.) Kresge (S. S.) Co. (quar.) Kress H.) & Co. Extra Con&olidada American S. preferred shares pfd. (interim) Landis Co. 1 11-10 12- 11- 11-20 11-15 12-31 12-15 11-30 11-10 12-10 11-19 1 11- 12- 1 11- $18c 12- 1 $1.25 1 1 12-20 12-10 25c 12- 1 1 12-23 12- 12- 11-15 75c 12- 11-15 12- 11-15 93 %C 12- 11-15 Mica 1-3-49 11- 1 60c 12-15 12- 1 $$1.00 Vi (quar.)—— Ltd., 50c 12- 1 11- $1.06 »A 12- 1 11- 50c 12- 1 11- 62 ViC 1- 2 12-15 prefeired preferred 12- 2 Portland Cement (increased) 11-15 11- Co. $1 Middle 12- 3 12- 9 12- 3 75c 12-24 12- 12- 11-15 of 1 3 2- 5 25c 2-15-49 15c 12- 1 11-20 81'Ac 12- 1 11-20 12- 1 — (quar.) (quar.) 12-13 pfd. 1212- 12-15 12- - 1 1 / 11-20 $1.08% 1- 12- 3 2 12- 3 $1.62% 12- 1 11-20 +5c 12- 1 11-19 -11-20 » 35c 12-1 12- 7 75c 12- 1 11-15 11-8 12-10 11-15 60c 1-3-49 12-10 $2.25 12- 1 11- 1 60c 12-22 11-27* $1.20 12-22 11-27* or each four shares held two shares if r -split into each 15 Midland-Oil two shares Tcnn. .10-29 each share 11- 8 11- 8 30c 12- 1 12-10 12-10 12-10 11-30 11-19 11-30 12-10 11-30 12- 1 12- 1 11-12 11-22 12-15 12-15 12- B 12- 5 1- 3 12-10 12-15 12-10 11-29 $1.12'/2 $15c 11-29 $1.75 Lock Co. Steel & (quar.)— —— Castings 12- 1 1-3-49 1-3-49 1-3-49 1-14 11-20 12-15 12-15 12-15 1- 5 12-18 Co. (quar.) Malleable 12-15 11-18 12- 3 12- 3 11-22 -25c Linen Service, common preferred (quar.) preferred (quar.) 12- 1 1-2-49 1- 2 12'/2c A (quar.) Insurance (quar.)— 15c $1.12'/2 $1.25 Co.— Year-End 12- 3* 30c Machinery National Standard Co. (quar.) National Tank Co. (stock dividend) Tea National Transit Company, Nazareth Cement Co., common common preferred (s-a) (Wm.), Ltd., 5% Inc. (initial) (year-end) _ — Neilson Bros., (quar.)— common Co., new Natomas Company (t-a) — pfd. (quar.)_____ (quar.) Fund, Nestle-Le Corp Inc.-: - Mur Co.— 11-19 50c 50% 1- 3 11-30 12-10 12-15 37'/2c 15c 50c $1 $3.50 $$1.25 20c 12- 1 12-10 12- 1 12-15 12-15 12- 1 12-15 11- 5 11-27 11-27 11-10 11-30 10-29 11-16 11-15 — r 12-15 11-30 25c Extra (Herman) 1 12-22 20c Oats Rubber 12- 25c Co National Year-end 11-29 11- 8 . +30c pfd. Accident 4; 4'/2 % Nesbett share of Wisonsin Power & Light Co. common Co., 7% National Neisner 12-10 $1.10 Nashville, 7% 20c 20c — (increased quar.) B Life Nelson (liquidating distributions) 1-5 12- 6 30c 5c 11-30 11-30 11-19 11-19 • , p $2 Is 1 • ■ shares, as/proposed, for held— " 11-10 11-19 15c common'— (irreg.) . - 50c 1 One share of Public Service Co. of Indiana -11*15 12-5 12- 11-27 12-15 11-15 — — National $1.18% 12-15 50c 80c (Hartford) - Lead 5% 12-31 12-31 12-15 $"2 12-10 $1.50 $2.50 (s-a) National —— common for 11- 9 11-30 Co. Products National Notional 1-15 $1.75 12'Ac $1 30c Canada, preferred preferred Insurance Food National 12- 6 12-20^12-6 $12V2c $15c of Gypsum Co., $4.50 pfd. (quar.)___ National Hosiery Mills, Ltd., class A (quar.) 1 2 (quar.)_ National 12- 1- common - 12-10 11-9* 11-30 12-20 $1.25" Quarterly 12-10 Subject to SEC approval. One 1 Fire Extra 12-22 9 7 Vic (quar.) Petroleum, class B (year-end) year-end) Middle West Corp. 11-26 12-15 A 2nd 1st 35c — Ltd Petroleum non-cum. Class 10% Corp. non-cum. National -$1.75 50c 45c (quar.) 6% $1.75 common (initial quar.) Canada, Erie National 15C Corp., 12-10 1-13 $1.62% States Class 1 37 Vic - 9 * ' Lehigh 11-22 12- 25c Michigan Consolidated Gas Co.— 4.%% preferred (quar.) 11-19 1 37 Vic * 11-30 12-15 25c (irreg.) common 12-31 25c 12- 2 40c 1-14-49 12-7 40c 1-14-49 > 12- 7 $1.07 (quar.) & 3% 25c (quar.) 11-15 11-10 12-24 12-10 common National 12- 1 12- 1 20c for (,quar.)__ Chemical Co. (quarj-* Convertible preferred (quar.) $30c (s-a) (quar.) — Thermit Drug National Refrigerating Co., class A Corp., preferred National » common 5% 1- 11-23 11-10 j Extra 12- * common held)_x Products Discount Corp., 12-15 (s-a) shares Dairy 1-15-49 12-13 12- 1 80c 100 preferred $1 preferred Stores, 4'A% 15c — (quar.)— Ltd.— Stock dividend (Two shares of each 11-16 11-26 12-16 12- 1 12-15 12-28 50c (initial) Co., $7 preferred (quar.)— Lines, common $4 preferred A (quar.) ; National Container Corp. (quar.) National Cylinder Gas Co.— Common (cash dividend) (quar.) 1,— City National $50'Ac — —;— (year-end) —, common 1 (quar.) (quar.)—. Register Co. $1 12-20 12-10 1- 2 12-20 ^L2-28«»-l2-24 12-28 12-24 62'/2c 25c 1 National Casket 11- Ltd. Mid-Continental 12- Now Corp:,, $1 conv. pfd„ (quar^w- J, .25c/.. 11-23 10-29 12-15 12-.I participating class 15c (eccum.) New Bedford Cordage, 7% pfd. (s-a)_____—:$3.50" ,Kew Calumet Mines, Ltd. (initial)'-.~ $10c New England Telephone & Telcgraph-i—— $1.25 New 1 12-17 $1 common — Cash National 12- 1- 3 12c - dividend 1 — Co., preferred 12- Mines, Mickelberry's Food Products, $2.40 preferred (quar.) 11-30 7% Stock National 11-25 40c (quar.) 11-15 12- Biscuit National 12-22* 11-15 50c D.i 1 - - Special 11-24* 11-24 $1 Inc. -(quar,) Company iquar.i—, Lees f James) 4c Sons Aquar.) Lehigh Coal & Navigation 12- 12- National 12-30 1 17c Fabrics, (H. 11-24 11-30 12-15 $1 (R. G.), Inc., $4 pfd. 11-20 Co. - $1 12-15 $20c (s-a) 12-15 12-10 (quar.) (Hawaii)— (quar.) Chattanooga & St. Louis Ry National Alfalfa Dehydrating & Milling Co. 5% preferred (quar.) ; National Automotive Fibres, Inc. (quar.)— Extra 12-17 30c 25c $1.50 $2 cl. A (quar.) Preferred A 62l/2c (increased) common $1 Monotype Machine Co. (quar.) Secord Candy Shops,' Ltd.— Lawrence IA. C.) Leather (s-a) 11-15 $1.75 (quar.)— SI Lanston Lee fi 4.35% 11-18 11-13 1 11-15 1 11-16 11-30 12- 11-15 — Meyer (H. H.) Packing Co.— 6l/2% preferred (quar.) 11-15 1212- 50c Inc. (quar.) (year-end) 12- 25c 7'Ac Telephone 1 preferred (quar.) Metropolitan Edison Co., 3.90% 11-15 11-15 1 * —.— Nashville 1 participating Particioating 11-15 35c Laura Lea 12-15 Year-end Muskegon Motor Specialties, 11-15 $3.25 1 11-29 11-30 11-30 11-15 50c (quar.) Mutual 10-29 12- Co. 12-20 6 12- 11-15 12-15 12-15 12- 1 40c 50c quar.) (quar.)—.:—! 11-10 12-15 common— preferred (quar.) Co., 5% preferred Metal Textile 1 $$1.75 Bleachery 3c Dye Works— Lansing Stamping Co. (year-end> Cement 12- ' 11-15 11-15 12-15 $1.18% —< 11-15 20c 62'/2c 37y2c Muskegon Piston Ring Co Mutual Chemical, 6% preferred 12-23 7% $40c 3 12-15 participating Metal 1-3-49 85c Publishing Co. (quar.) Mergenthaler Linotype Merritt-Chapman & Scott Corp.— 6V2 % preferred (quar.) Messenger Corp. 9 11-30 3 1- 12-10 Meredith 7 $5c Lanett Le Tourneau 1 • 1- 11-19 50c (quar.)——_ Ltd., Co., Class B 12-22 12- 35c (quar.) Inc. (quar.)„ Co. (extra) Lawrence Portland 11-10 12-23 - H.), Bryant, Lane-Wells 1 20c 2nd preferred Machine 12- 12- $0.1498 : — Lane Merchants 12-20 (quar.)„ — (M. Mercantile 11-19 $1 — conv. 11-19 12-10 $1.20 - Laclede-Christy Co. (quar.) Lake Dufault Mines, Ltd Lake of the Woods Milling Co., Ltd,— Common (quar.) 7% preferred (quar.)___ , Lake Shore Mines, Ltd. (quar.) Lake Superior District Power, common_„__ 5% preferred (quar.) 5% 12-17 12-10 A.— La France Industries, 4% Lamston 1-2-49 $1.12'A ■— Mfg., 4'A % preferred A (quar.) Kroger Company, common (irreg.) 1 1-17 (increased Ohio Mfg. t25c Distillers, 50c Kroehler La second SI (quar.) 12- (quar.) 3 12- 6 12-15 of America— preferred 12- preferred 75c (S. 1-15-49 10c 1 50c Extra 4% 12- Porcupine Melchers 6% Common 12-15 preferred 50c . Extra 11-22 12- 75c preferred Murray Corp. 12-15 Dredging (quar.) Corporation, common $2 11-22 12-10 93 %c Meadville Telephone quar.) 12-10 11-15 12- 6 • 35c Year-end 4%% 12- 6 12- 3 lc — (Geo.) Brewing Co., com. (s-a)_ participating preferred (s-a) Murphy (G. C.) Company (quar.),— 3 12-20 12- 1 11-30 11-15 12-10 11-17 11-17 30c 35c - (year-end) (s-a)— 5% 25c Corporation, 4'A% , 11-30 12-20 25c Muehleback 25c Oil 25c —: * McWilliams Mead 12- $2 Vic Ltd (year-end) — & Robbins, common preferred (quar.) $4 12-20 12-10 60c (quar.) common McKesson Koppers Company, "Inc.,— (increased com. Extra 12-22 25c Creamery Co., common Koehring Company 12-10 1-2-49 11-26 12-15 Development— & — Supply Extra ——— .Extra 25c Company Mines, Corp., preferred (quar.)— $3.75 preferred (series 1947) $3.40 preferred (quar.) Maytag Company (quar.) 12-10 4-1-49 11-15 12-15 f25c (quar.) Stores, 12-10 50c 11-30 $2 (resumed) (quar.). 3 37'Ac 1-3-49 112 Vic preferred 3 ' Fuel Producers $1.75 $3.75 1 Extra 11-13 12- 1 12-15 11-30 12-20 12-10 12-10 50c Mining Mountain 11-13 12- 2 11-15 11-15 40c A; Oil Mountain 6 12- 2 12-16 $2 20c (quar.)_!—1 Inc. Diablo 11- G 12-16 40c ,% 12-20 50c Insur. Consolidated 1- (quar.) i — 11-15 12- 12-1 11-1$ 12- 1 $1.25' Mills—— 11-30 12- 12-10 12-10 12-10 12-15 37'/2c (quar.) Quarterly 6 11-18 12-15 11-1V, 11-10 ll-JO 12- 1 12- 1 1-2 12- 1 12- 1 12- 1 20c $95c Company 11-26 11- 11-30 1 12- $$1.50 Products Corp Wheel Corp. (quar.) 4.80% Maxwell, Ltd. 37'Ac preferred Lines & 1-2-49 5C Glass Chemical 1- <quar.i Knudsou Common Asphiit 10c Kinney (G. R.) Co., Inc., common Kinney Mfg. Co., $6 non-cum preferred Kirby Petroleum Co. 4yeai-end i $1.50 3 25c 12-20 a2 V2 % (quar.)— Corp._ —_—— 25c (s-a)_: 1-2-49 Communica¬ Co. $1.12% (quar.)„ conv. pfd. (quar.) Mount $1.25 Marine (quar.).—— Plate Electric 12- 3 12-20 35c Realization 2 1- Motorola, 1-2-49 35C (quar.) 1- 12-10 10-11 J25c Ltd., ordinary (interim) Power Shovel Co., 7% pfd. (accum.) 12- 35c 12-10 $1.06 V4 J. Co., 12-10 12-15 Extra Murray (quar.) International Marion $4 —_ Kingston Emil) 12- 25c common King-Seeley Corp., (D. tions May Department , preferred 4 12- 30c Extra Company, 12- 1 Motor 25c preferred (quar.) Co. preferred Marconi 12-20 12- $2.50 4VA% preferred (quar.) 4% conv. 2nd preferred $1.50 5% 11-27 12-15 Shirt 75c __ (quar.)_„ Kimberly-Clark Corp., Products convertible 50c common—, Keystone Pipe & Supply, 5% preferred (s-a) Keystone Steel & Wire— Kilburn 1 6'Ac ——__ : Industries, common 4y4% 11-27 1 Motor 10-11 25c 12-10 25c 4 12-15 6 50c lc P.) Paper 12-10 12-15 40c Co.— 25c 3 12- (J. 1-3-49 25c & . 1- Mosinee 25c ,— — Maple Leaf Gardens, Ltd Marathon Corp., common 12-10 12-15 25c (quar.) — Manhattan 35c 1-15 Company— 12- — preferred R.) 1 (The) 12-19 5c conv. (P. Extra Maltine 11-15 Extra $1.20 Mallory 2 $60c Morgan 25c — 12-15 — 11-30 12-20 25c Corp. (quar.) C.) Co. (irreg.) (R. 2 1- 12-15 1-1-49 150c (quar.)— Corp; 12-22 50c O'l Car 1-3 —.— - 11-27 11-30 1- 3 * 11-26 12-31 12-20 $25c 5V« 1st preferred —1 Moore-IIandley Hardware, common 5% preferred (quar.)—-—— 20c Co. Co 25c _ of — Paper (quar.)— common — 1- & Square Garden Copper Mahon 11-30 1-31-49 Common 12V'2c 12- 12'Ac Power Extra SI 1 11-30 75c (irreg.) Macwhyte Company (quar.) 4 Co.— (quar,) 11- 12-15 t25c 11-30 12- 12-13 $3 ll-SO Gas— preferred (quar) Company Extra 12-31 $1 Kentucky Utilities, 43A% pfd. (quar.)—, Kern County Land Co. (quar.) Klein 5 1- 95c (a*cum.) $4.50 preferred (quar.) Kent-Moore Organization, Kirsch 1- participating preferred Participating (irreg.) Mackintosh-Hemphill Co. 12-10 Canada, Ltd. (quar.) Kendall Company, new com. ( initial quar.)_ - $1.50 65c Extra New 2- 1 $25c — Special 1 12-15 12- 12-15 Publications 2- 15c 12- y2c Common 20c dividend Kerr-McGee MacFadden 1-14 1 12- 12-15 65c (s-a). Extra 11 12-10 12-23 2 J25c (s-a)__ $1.25 Kalamazoo Vegetable Parchment Co. (quar.) Kansas City Power & Light, 4% pfd. (quar.) 3.80% preferred (quar.) Extra Consolidated 2- 80C 12- y2c & M. $1 ——_ 12-23 25c & M. 87 V2c Refining-y-)— , quarterly J. 62(^0 .12-1 v ^11-29 1- 7 12-31. 1-2 12-15 $$1.12y2 Tool-— Moore-McCormack 12-31 common (increased) preferred A (quar.) Joy Manufacturing Co, (increased ouar.) 12- $1.06 (quar.) 12-10 5% 3-20 11-17 12-23 Sons— A 20c (quar.) Machine ' 87'/2o ' 50c $4 convertible preference B (quar.)—_ $1 $3.25 preferred A (s-a) ——$1.62y2 Montana Flour Mills, common (quar.) — 80c 7% 1st preferred (quar.) $1.75 7% 2nd preferred (quar.)— .J—-— ,' $1.75 Montreal Cottons, Ltd., 7% pfd. (quar.) $43o ' Montreal Refrigerating & Storage, Ltd.— 30c Lowenstein 95c Jones & Laughlin Steel, 12-20 15c (quar.) (3-al 50c B 1 $4 RR. Mortgage $1.25 (quar.)—:— 12- 88c — Nashville ' Monroe Chemical Co., $3.50 pfd. (quar.)^-— Monsanto Chemical Co., common (quar.)— $1.75 — iquar.) .. (quar.)— (quar.) Corp. (year-end.) .Johnson & Johnson, com. (increased quar.) Increased Monarch 11- $2 (quar.) Angeles Investment Co. 30c common preferred Kelvlnator 11-12 12- 50c Lowney (Walter M.), Ltd Ludlow Manufacturing & Sales., Lynchburg & Abingdon Telegraph Co. Johns-Manville Company, 12- 3 11-30 Kellogg 3 3 11-15 12- 6 2 1- xi$1.75 r. 20c --a,' Hosiery Co., common, (quar.) Special i. 5% preferred (quar.) Molson's Brewery, Ltd.„.— Monarch Knitting, Ltd., common (quar.)—, 12- 25c (quar.)— common —— 1- 3 12-9 $"$0 u 12-10 $1.50 — prefeired $2 50c 11- 12- 7% Los $25c $1 (Mo.) 11-15 11-15 11-15 12-15 12-15 w— Mills 4'/2,%. preferred 1 12- .(s-a)_ pfd Mojud — preferred Iquar.) preferred (quar.) Taylor, 6% 1st pfd. (quar.) * $25c — 4% 12-31 & Dock— Co., 12- 1 12-1 -$1-60 Co. (accum.) Lumber Co. (P.) -12-18 25c — A Coal 30c $1.25 12-30 12-10 3 Company 1 11-15 11-26 11-26 11-20 : r Year-end 11-20 12- 1 12-15 12-15 (quar.) i Carpet 12-11 i— — common RR., 12-11 25c 1'Ac 50c ^ 10c 1- & 12- 60c (quar.) common Service Birmingham 11-20 , 53c- 37 Vac Corp 11-10 xl'A% (Julius) 2 11-19 (quar.) $4.50 11- 1 D Kayser 11-2 1 12-15 preferred Kawneer 1 12- — & 12-20 12- 6 , tqunr.) preferred (quar.)— Mitchell (Robert) Co., Ltd..: Extra 11-24 1- 3 12- 1 12-20 50c 5% Mobile 12-10 50c (quar.) Co., 6-20 9-20 SI Co. Pipe Line, Public 3-20 80c ——_— (quar.)— & Light Utilities 4-2-49 . Ry: Power B Mohawk 12- 5% common 12- *25c Lumber class Class 2 iquar,» Extra 11-30 Co., 11- 11-15 11-30 Drug 1 1 3 Stock 12- 12- 3 Katz 5 Lorillard 3 Natural 11- 45c (quar.)— Public Service 1 *25c Aircraft Inc. preferred Missouri 2-24 12- $25c — (quar.) 2-24 20C 11-16 1- City 11-24 3-10-49 $1.10 11-29 1- preferred 12-10 60c $4 - (quar.)— A Common (increased) Missouri 1-2-49 1- 5% 11-15 11-24 4-1-49 xl34 % Kansas 1 62y2c xl'A % Kansas-Nebraska 12- 12-10 3-10-49 62 ViC (quar.)— Extra Missouri-Kansa6 convertible (quar,)—— Oil 11-15 convertible C Johnson 1 5% B preierred 12- $7c , (increased) preferred A Minnesota Lord & A 2nd 11-10 11-22 preferred 2nd 11-10 11-30 12-15 preferred 4% 11-30* 11-30 9-20 12-20 25c 7-2-49 25c 10-2-49 (year-end). Manufacturing— Mining & 6-20 1-2-49 50c relies St. Louis & 3-20 7-2-49 25c — preferred conv. 12-15 1 prefeired 4% Minnesota 30c (quar.) Ltd..__ Supply, 11-3 25c Engraving Service, Ltd., com. Water 1 12- 5% $5 12- 1-15-49 7% Jamaica Minneapolis 12c Inc.— (Del.) Mines, 11- 3 5% (quar.) Manufacturing Island Mountain 1 10c convertible Investment 12- Extra.— 3.20% 87yac (quar.) Long-Bell $1 Corp. 11-22 11-22 25c (quar.) Extra 12- -Year-end 1 1 , .—■ B 30c — 12- 12- 45C —_ >'tjuar.) Extra Class 25c 1 11-30 30c *12y2C A International Utilities Corp. tquar.t Company (The), com. (interim) .5% prior preferred (quar,) Interstate Natural Gas., Inc. 1 Groceterias,Ltd.— Class 11-12 ____— 12-15 18c 12- $1.10 Co.— Guaranteed Interstate Intertype RR. Lobiaw 11-12 id 12-15 11-10 15c Groceterias, 7* Staple & Machine International Miami Special G 12-22 11-10 12-10 1 $1.75 .. Loblaw $1.25 International Salt Co. (year-end)—, International Silver Co.—— — _ Original capital O/iglnal capital Special Guaranteed 1 1 2 4-2-49 25c (Quar.) $1 prior preferred (quar.) $1 prior preferred (quar.) $1 prior preferred (quar.)_,— $1 prior preferred (quar.) Minneapolis-Honeywell Regulator— Common (quar.)_^_ 75c (quar.)_ Little 12-20 11- 50c (quar.)— Liquid Ca;uonic Corp., common 3'A% preferred (quar.) $1 International Railways of Central America— 5%, preferred (accum.) ^ Co. Corp. 11-22 $1 $4 Special Oil 'Extra 12-18 12-16 12- 12-20 37Vic —,——_— 11-15 12-20 1-2-49 37Vic (quar.) 12-15 1-2-49 37Vic 10-2-49 (quar.) Common 1- 11-15 11-15 20c Common 12- 12-15 12%c 11-19 12- 11-16 11-15 12-15 12- 37'/2c (increased quar.)„ - SI 12-30 $1 Participating & Hart, Inc., com. 11-26 1 1 12-15 4c (s-a) 12-10 1 Holdeie When Payable of R4C. 50c 5c Miller Special 49 50c (s-a)-_% - 12-10 $1 (quar.) i cqmmon $1.30 (quar.)— 12-20 t40c 1 $1.75 $1 iqaar.) 8 12- Co., Common (quar.) t40c Extra preferred (quar.) International Products Corp. Lion 12-18 11- Share , preferred 8'A 11-26 11-29 Oil Extra 15c Extra Lionel 50c quar.)., 4% preferred (quar.) International Nickel Co. of Canada, 3 Midwest $1 Link-Belt Co. 1- 12-10 $1 preferred - 11-10 12-15 of Company Mid-West Abrasive Co $1.25 Lily-Tulip Cup Corp. (increased quar.) Lima-Hamilton Corp. (increased) Lincoln Stores, Inc., common 7% preferred (.quar )_. 12-15 1 1 12- $2 Virginia Corp. (year-end) Myers Tobacco, common & 12-31 25C Extra 10-30 $1.75 4%% International Paper, common Liggett of 11-24 1-31 Name 1 12 Vac -—— Y.) Co. 12-15 $1.75 Savers 35c (quar.) (s-a) 12- 40c —— Life 12-27 SOC $40c (increased Llbby Quarterly 12-17 7% (quar.) Common & 3 30c International McNeil 12-15 t25c (quar.) Life & Casualty Insurance Co. of Tenn.— Co.— preferred (quar.) Metal Industries, Libbv. Payable of Rec. 5c —- Liberty Fabrics (N. (quar.) Co. 12-15 1-15 (2269) Per Share ^ Refineries, Inc. Leslie Salt Co. r(quar.)„ Lewis Brothers/ Ltd.—l Lexington Water, 7% pfd. (quar.) Libbey-Owens-Ford Glass (year-end)—_ 11-30 t31Vzc dividend International-Cellucotton 7% Company Leonard 11-15 12-14 90c CHRONICLE Por Name of 11-8 . Powders, Ltd.— Business dividend Stock X $1.50 j.— FINANCIAL — Bronze International Cash (year-end) Co. (year-end) Iron International 6% 12- & Holdert Payable of Rec. $1.25 Inland Steel Interlace When COMMERCIAL Jersey, Power & Light. -4% Pfd. (dbar.) $1 12-15 •. 12-1 1-14 12-31 ;a" 1- 2 - - V , .12^111-19 '1- 5* -12-10 12- 7 , 50 THE (2270), Per Share Name of Company New Per Name of Company 12-10 11-19 Phillips 50c 12-10 11-19 Pillsbury 30c Special Method New Park Mining New York Air Finance Corp. (s-a) Co. *. — 12- 1 10-20 12-15 11-24 Brake 5C ~ 50c 12- 1 preferred New York 3%% A 1- 3 12-10 Co., (accum.) Electric State preferred *4 .50 iJ. Newmont Mining J.) share Newport 3%% 12-10 50c 12-10 11-26 50c 12-15 11-26 (year-end! Corp. (l/25th Electric Corp., preferred for 12-15 — 45c 1 1- 3 12-15 12- 1 11-15 (quar.) (increased quar.i Nopco Chemical Co., 4 % pfd. ser. A (quar.) Noranda Mines, Ltd. (imeruni Western Ry„ (quar.)__. common (quar.) common American Finance (quar.) —.. Co American 11-30 12-10 11-30 B 37 %C 12-20 12- 12- Stock 6 Oil 1 11-22 11-25 Porter 75c 12-10 11-10 Portsmouth $1.50 class (H. 11-10 12- 8 11-12 Potash 12-10 11-29 Potomac & Powdreil Poweli 3 12-21 1- 3 12-10 of 12-10 Alexander, 12-23 19-1* Co, of Canada Ltd. Co. North River Insurance Cc, East Bros. & Co., Mines, 4% pfd. Co., 1 11-20 Stock 12- 1 11-11 (3/-100 Water & 12- Indiana for Co. dividend Gas each share for each (6/100ths & Water 1 11-15 12- 1 11-15 4%% preferred (quar.) $1.1?.% 12- 1 11-15 15c 12-10 11-16 dividend preference common Publitker Industries, Inc.. $4.75 pfd. 25c 12-10 Phavmacal Co. (quar.)__ 4% preferred Co. pfd. (quar.),. Edison Ohio Co., Match Ohio Common Oil Pure 12- 1 11-12 10-27 1-3 1———— Power Ohio Seamless Tube 12-31 12-10 — Power 4% % preferred American Clay Pacific Finance preferred $5 Mills 1 11- 5 Real 1 11-15 2-28 5-31 12-15 12- 56'Ac 12- 1 12-31 12-20 $1 3 12-10 Eastern (cash preferred 125c 7% Parker Pipe Rust-Proof 1 11- 12- 1 Stock- $4.25 Line Reeves (cash 11-19 $1.00 11-19 Reliance 1- preferred 5% prior Penick & 12-15 Reliance Insurance Co. Reliance Mfg. (111.), 12- 40c 1 12-15 12-15 4% 11-15 12- 4 11-22 1- 1- 12- 6% 2 7 12-15 11-26 6% 12-16 Revere 11-15 1 11-20 1 1 common 11-20 12- Richfield 11-30 Riegel Paper 12- 1 11- 1 Riegel 12- 1 11- 1 preferred C (quar.) preferred B (quar.),, Engineering 1 1111- (s-a) ; Co., common (quar.)__ preferred (quar.) % % Robinson Little & Co. Ltd.. 11-30 Rochester 11-10 Peter Paul, (quar.) ; preferred 11-22 5% 30c 11-30 11-12 5% prior 20c 12-15 12- 7 12-15 12- Extra ' 1- 12- 1 Philadelphia Electric Co., preferred (quar.) 11-12 12- 1 11-20 12- 9 11-26 12- com. 12-10 11-26 Common $1 12-10 11-26 5% 3 3 Royalite Royalties 1 1 Ruud 12-31 11-22 Ruppert 12-31 11-22 Russell ; Philadelphia Suburban Water, f3.65 preferred (quar.) Ryerson ; common 12- 4 12- 1 11-15 12- 1 11-15 20c 12- 1 11-12* 91%c 12- 1 11-12* 11-18 (Wm.) Sioux Ltd.. City Gas & 12-11 1- 2 12-11 1- 2 11-29 25c 1- 2 12- 3* Sloane-Blabon 1- 2 12- 3* St. . 3.90% 6% preferred Smith 11-19 3%% 1 11-15 1- 1 12-15 2-1-49 12-15 I-15 12- 3 SoundvieW South Oil Co., Ltd. Southern 1- 1 12-10 1 11-10 1- 1 12-10 (Jacob) Mfg. Co. 1- 1 12-10 4% Joseph St.' Joseph Lead Co. 1 11-15 12- 1 11-15 12-17 11-12 12-15 12- 83 1-3-49 50c 12-20 12-10* 12-10 11-10 (quar.) (increased) 12-10 11-10 12- 1 11- 1 12- 1 11- t 12-10 11- 5 R 4%% 1 11- 1 Southland 12-15 12- 0 12-15 12- 1 12-14 II-15 Co. quar.) $1 12-15 11-15 12-15 11-15 $1 12-15 11-30 Southwestern Electric Service 20c 12-15 Southwestern Gas 5'/ 12- 4 5% 12-15 12- 4 5% sinking 12-15 12- 4 12-10 11-22 12-10 11-22 12- 1 11-15 12- 1 1145 $1.25 Investment (increased preferred 30C States (quar.) (A. G.) Telephone 12-20 12-10 12-15 12- 12-29 12-15 12-15 11-22 12- 11-17 8 Withington Co., common,, preferred (quar.) convertible $5.50 2nd Carbon Spiegel, Squibb $4.50 (E. R.) $4 preferred Staley E.) (A. $3.75 series Mfg. $3.50 12- 1 11-19 Standard 12-10 11-18 $1.60 A 11-15 12-15 11-25 6 Brands, Inc., preferred Cap 12-15 12-10 11-12 12-15 12- 12-13 11-24 2-1-49 1-17 2-1-49 & Seal 1 1-17 12- 6 11-26 12* 6 II-26 12-20 12-10 (Detroit)— 12- 3 11-22 12-15 11-15 12- 40c 12- 11-15 tlOc (quar.),,. 12-15 12- 1 10-20 t$1.25 common (quar.),. convertible 11-25 40c 36 %c 12- 1 10-20 50CV 87'AC 1 Corp.— preferred (quar.) 1 1 Standard 5% Chemical preferred Co., 11-22 11-30 Standard 12- O Standard 12-10 11-19 Standard 12- 11-10 11-29 Milling Oil Co. Co. Standard Oil of of Co. Oil 'Extra common Co. of (Del.) Indiana Kentucky ■ pfd. tquar.)— Calif. 1- 1 12-20 40c 12- 1 11-20 25c 12-20 12-10 $1 Dredging Corp., $1.60 Standard 8t. Ltd., (quar.) 2 12-15 11-15 1 93c Insurance 12-15 $1.25 12- 12- 1 40c (quar.),. (quar.) 1-1-49 1 12-15 12- $1 ; common 50c $1 8 11-29 $1 * (quar.) Co., t$1.06 $1.50 12- 25C common, Standard-Coosa-Thatcher 12- 8 12-15 12-15 $1.12% (quar.). - Accident Standard 11-15 20c 11-15 11-30 12- 50C (quar.),, preferred Standard 11-15 II-30 1 12-23 12-15 17 %e (quar.) preferred Sons, & preferred $4 1 12- 12- I-12 11-15 37 %C $1.50 (quar.) ,L__ Co. Inc., 1 12-10 1 30C 12- 12-15 12- $1.37% preferred Spencer Kellogg & Sons 12- 12-11 11-20 $1.37% Spear & Co., $5.50 1st pfd. (quar.) Extra 1-3-49 1 10c / Quarterly 5c 12- 1-14-49 10c -(quar.) 1 12-10 11-20 25c 25c (s-e) : Brothers Extra Sparks Speer 11-20 11-20 1 — quar.) Investors 1 1 12- 40c - (ouar.), Co. 1212- 12 %c Spalding 6% 4 50c preferred Insurance (increased Southwestern 12- 12-16 25c Southwestern Public Service Common 3 25c (quar.), Life 1- Co.— quar.),—,—, (quar.). fund Southwestern (quar.) (quar.) preferred Southwestern -(quar.) Electric— & preferred 12-15 12-1G 11-29* $1.25 $1 12-20 11-29 12-20 Co. 12- 12-20 12-13 Co.— preferred Royalty 11-17 1 50c $1.25 (quar.) (quar.) (increased 12-22 12- Co., -common (quar.), Gas Co. non-cum. 12-15 12-15 11-18 12- 1 12-15 11-12 1 26 %C 12- 1-1-49 1 12- Edison preferred 12-10 ? 2-15 12- 1 Railway 12-15 30c Paper— 1 5% 11-15 11-16 5 Common 1 11-15" 11-30 ________— 11- Southern 12- II-30 $1.12% (quar.) Lines 11- 1 1-1-49 3 75c 60c (quar. 11- 12- 1-1-49 12- 1 11-15 1 11-20 1 11-25 I-19 11- 12-20 12-31 12- e U~ 12-10 10c 31V4C (quar.) 12- 12-1-0 6* 100 each (quar.), 25C 12-15 12- for 25c 81'AC 12- 12-10 1 12-24 Water Natural 5 11-23 $1.05 (quar.),^ Pacific 25c (quar.), 12- California Southern 87%c pfd. 11-23 50c 11-30 Southern $1.12% (increased) Water, 6%. 12-14 30 %C 11-26 (quar.) Louis San. Francisco Ry.— B% preferred A (quar.) 11-15 12-14 (quar.),,: 11-16 (quar.),; pfd. (quar.) 12-15 S1.50 (quar.) preferred t50c & 11-18 preferred 12V2c pfd. 12-15 1$1.12% (quar.) preferred A California 4.88% 12 %c (Conn.) 11-15 Carpet Co.— shares Greyhound 1 37 %c " 11-30 87V2c Advance Bag & 12-15 Ky.)~ Co.__ 4Vs% Iron Works preferred 12- 30c (s-a), 3 2c (s-a), common Lathe 4%% $1.25 Management & Pulp Co. Bend Southern t$1.06% ; 3 11- 2% Southeastern 30c (quar.) 11- 1 - (quar.) convertible $1,25 11-22 20c (quar.) 6 1 12- 97 %c A (two Corp., 11-22 $1.25 (quar.) 12- 12- held) 11-22 50c pfd. 12-17 $1 81.60 com. & Sons dividend Stock 12-21 12- 3 130c $1 12-21 $1.25 (Loutville, 12-10 50c class . preferred 12-21 50c $1.50 3 preferred (quar.),,,,. Socony-Vacuum Oil (cash dividend) 9 10% Inc., I- 4.20% Sovereign Steel,, 12- 1$1.25 Extra 12-15 $1 (quar.) 3 $2.50 Steel t25c (quar.) 1- (quar.) 50c pfd. 11-15 115c (quar.) (Alexander) 12- 20c 4V4% 11-15 1 Corp.— preferred 37 %c j. 11-29 1 12- Skelly Oil Co SkilsaW, Inc. (quar.) 1-15 11-29 50c 2 2-1-49 12-10 6 12-10 (quar.),,,,! Electric, 1- 15c 5 12- 1 preferred 11-29 9 11- 5 81.50 4Va% 12-15 12- 5 12-10 ; Steel & Simpsons, 12- 11- A,. iquar.) Co. (irreg. Singer Manufacturing Co. 1-3-49 11- 12-10 25c 11-29 1-3-49 11- 12-10 Ltd.— Brewery 12-21 11-30 12-10 181.25 12-21 11-12 12-10 25c * 12r31 1 12-20 50c (quar.) eom, class 12-15 12- 11-30 12-10 62 %C 40c . 12-15 12-20 25c (quar.) Simon : 12-10 25C (quar.) (irreg.) Company 25c (quar.),,. 11-15 3 (H.) & Sons, Ltd., common,*,,,, preferred Common (quar.), 1 1- (quar.)—.— Co., 12-31 25c Haynes (irreg.) Sabine Royalty Corp. (quar.) Saguenay Power Co., Ltd., 414% 11-20 25c 9 5% 8%c class A 12- 35C A (quar.) t$l (quar.) 11-30 $1 tquar.) 12%c (quar.) Manufacturing 30c 25c $1.50 12- $1.70 Inc. preferred 12- 25c , Ltd., Works Royal Crown Bottling 11-19 12- Simon 11-15 2c (quar.) Theatre, $1 1- : , Roxy 12-15 12-13 Simmons 12-17 1 20c dividend Corp. 11-26 1- * Metal Electric Stock Rowe 9 $1 11-30 2 $1 — 12-31 $1.50 (quar.) Paper Co., Art %C $1.25 3 50c (quar.)_„_ preferred (quar.) Brothers, Rotary 11-19 12-10 Ronson Roos & Norristown RR , , 11-12 12-10 ZZZZZZZZ (qucr.)~ Philadelphia Suburban Transportation— Quarterly •— 12-10 1- i- 30c (quar.)__JL 11-20 12-10 — Strapping preferred 50c A Extra 12-11 ~ Philadelphia, Germantown (quar.) 1 75c (quar.) Rolland . 25c 87 ; preferred Extra 12-21 5% 12- 40c (initial) 12-16 1 (quar.) <quar.)_,,„ Steel Southern Corp.— (quar.),, 7 50c I"—" Dairies, Ltd.— Company F preferred - Philadelphia Bourse Philadelphia Company, $5 preferred Cp* 12-22 35c (quar.) Ltd., Western 96c Corp. (quar.) Manufacturing Co. Rockwood & Company, com. 5% preferred (quar.), 11-22 __ (quar.) Dairies, Silverwood 90c Ages 1 30c (quar.) Extra^ Phelps Dodge Corp. •1 of 1 ZT (quar.) Brewing Co., (Chas.) & Co., common Silverwood & Electric 12- *. Pfaudler Company *6 Gas preferred 12- Pfeilfer 3%% H.) $1.75 Year-end Pfizer (H. $1.12 V2 30c Inc. 1 50c B 3 $1.25 (quar.) 11-26 B preferred 25c Rockwell 11-15 A 11- 5% $1 12-10 25c class 12-15 Class Signede 4% 1 12-15 $1.12% , Royalties, 11-30 $1.50 class Mines, 12- 1-15 Signal 40c 15C & 50c Milk Ltd., Copper 12-20 $1.50 , (quar.),, __ 4 Miils, 1- 12- 59 %C 50C 1 50c shares : $2.50 Sonotone (quar.), 12-31 1- (quar.) 12- 25c Extra Rock Extra ■' Pet Silk Robertson 4% class 11-15 $1.12% common . 3 40c Extra 87 %c (increased) 11-30 2 $2.50 B 25c (quar.) 12-31 1- (quar.)— 11-15 12-10 ! 1-15 12-15 Extra Class 2c 1 1 Co. Signal Oil & Gas Co., class A 50c Co.^ 1 12- 12-10 2 25c Optical $1.12% 12- 57c America, of Corp. pfd. 1 *$1 auar.) r 12- Canada— of 1 : 11-30 t$ 1.75 4% Co. 12- 3 12-20 1-2-49 12c (quar.i 12-15 1- ; 10c $1.25 — 12- , (quar.) (quar.) 12- 1 1-1-49 : 12- 25c (quar.). $1.18% (quar.) 12-15 $1.75 (quar.) Perkins Machine & Gear Co., 17c pfd. (quar.) Permanente Mc-tals Corp. (increased quar.)_ Permutii Comuany (quar.) 5 (quar.),, common 12-15 40c _ (quar.)_ 11- (s-a) Myers, Inc., common $1.50 participating preferred Participating 1 60c pfd. Corp.— Peoples Gas Light & Coke Perfox Corp., 4%% preferred A 3 0c $7 1 - 30c <N. Y.) . Co. (quar.) Corp. (quar.),,,, Antelopa American 1 1 Co Water. Telephone preferred Roan 6 12- : Mfg. 2- 11-18 12- Corp., Pennsylvania Exchange Bank 12- Tobacco Cc.—■ Oil Oil Riverside 12-15 $1.10 Extra 5 11-15 (quar.) common Co.. : 1 150c - (quar.),,^,— 15c Corp., common (quar.) $4 preferred A (quar.) Riley Stoker Corp. (irreg.) Rio Grande Valley Gas (year-end) 11-26 92 %c „ - $2.25 1-49 12-13 Ranch Robbins 4.40% Pennsylvania 1- Shoe Simonds Saw Textile 25c 2-15-49 3.70% Salt Rice 11-30 50c ' 50c ; preferred 11-20 _ 12-15 1 Inc. Manufacturing Co., 4'/a % 1 12-14 u-23 $1.35 preferred " 11-24 12-15 preferred 37 '/2c (qua:.),,,, preferred (initial), 12-15 62 %c Corp. (year-end) Pennsylvania Electric Co.— Pennsylvania State Rheem J.) 12-15 70c (quar.) preferred (quar.) Pennroad Pennsylvania (R. 31'Ac (quar.).; 11- $1 : 11-24 12-15 $1.50 preferred 20c (quar.) 11-30 11-17 1 50C : 11-24 12-15 1-3-49 Products, Common common preferred 120c common 11-15 t2c 12-10 12-15 50c 35c (quar.) Copper & Brass, 135c Co., 1 12- , 1212-29 22c — Corp.,■> common,.- 25c prior 3.60% 11*20 12- $1.06'A 1 Ltd., 12- A (quar.) $1.12% preferred Sloss-Sheffield dividend 4.50% 25c 4% 12- 12-10 L_ Fund, A Year-er.d 7% 12-15 $40c preferred Steer Corp., Reynolds 11-29 11-15 $1.18% Extra 1-2-49 (year-end)— Telephone Co.— Pennsylvania preferred 75c Common $1 Investors Republic 12-15 12- 1 12-31 - 6% preferred B (quar.) Republic Petroleum (increased 1 12- Mfg. 4%% 11-15 35c (quar.),,. common II-18 25C 25c —— (year-end), $1.25 (JPIiila.) 11-18 $1 Sherwin-V/illiams Rand, Inc., common preferred (quar.) Republic 2 12-15 convertible $4.50 11-15 12-15 1 (Washing¬ (qua/,) Co. 12- (quar.),—.— Sherwin-Williams Remington 1 1 preferred 3V2% 11-24 12- 12- 50c (quar.) 11-15 (quar.) Ltd.— 11-15 Ford, Ltd. Peninsular pfd Co., 25c Railway Shellmnr 12- (quar.),! A II-15 11-15 25c common preferred 1st 11-15 1212- (quar.) Shenango Valley 'Water, 5%» pfd. (quar.),— Shephard-Niles Crane & Hoist Corp.— (quar.) 11-30 62 %c preferred Grain Stock (quar.) Peabody Coal Co., Inc. pfd. 1 145C (quar.) 1 (quar.i 4%% non-cum. $1 dividend) 12- $1.75 12- 1 Inc., Shelter 11-15 (quar.), common 12-10 Co.— dividend 1 Knitting" Mills," Ltd".—" Regent 1 $37 Co Manufacturing 7% Stores, Bros., 1 $2.50 (quar.) 12- 1 12- 25c (quar.) preferred Paton 6 $3 Mills, 12- 6 110c Mining (year-end) ,,,! // Shawinigah Water & Power Co.— • 4% redeemable preferred aeries A (quar.) Sheep Creek Gold Mines, Ltd. (increased) 41-19 $1,10 1 Owl 12- $1.12% Co. 11-24 20c (quar.)—i 25c 11-19 Parkersburg Rig & ReelCommon 12- (s-al Hosiery preferred (quar.) prior preferred A 5% 12-20 12- 15c $1 dividend) Pen 3 t$3 Insurance pfd. 11-10 iquar.) class $4 Silk Red 1- Title C.) 1st non-cum. Extra 11-10 (quar.) Parker Co. 12-16 Extra Rea' 11-10 12-10 Estate ton, D. 11-15 4quar.) 6J/a % preferred Mfg. Co., 5% preferred (s-a) Page-Hershey Tubes, Ltd. (year-end) 4% 1 60c 12- 15c (quar.) Pacolet Common 12- Boston 12- 6-20-49 50c — Co.—— Corp. Pacific Portland Cement, Panhandle 12-15 (quar.), of $1.25 of California Pacific Gamble Robinson Co. (quar.) Pacific 11-19 1- 2 $1.25 1 1 11-18 15c 1-15 (quar.) 1212- 12-10 12- . B 12-15 12-15 12-10 + common preferred I quar I Refrigerator Co Corp., 90c conv. Servel, 25c Reading Co., 4% 3-21-49 37 %c (quar.) .Fisheries Products Fund 90c (quar.) common quar.) Pacific Class 50c 5 11-30 50c (Minn.), preferred Paper, 1 12-1 ; (Geo.) 37 %c (quar.) Oswego Falls Corp., Oxford 12- 12- : 11-15 12-18 ?10c Serrick $1.06% (quar.) (quar.) 12-15 1 a^-3I Investment ; Banknote Co., Shuron 11- 12-20 — preferred Pacific $1 3 87V2C 12- 12 %C Secgcr 12- tl'/V© (quar,) 12-14 25C 250C : — Beauty Supply Co., Ltd.— Participating convertible preferred (quar.) Ontario & Quebec Ry. (s-a) Oshkosh B'Gosh, Inc., common (quar.)____ Tail 11-15 11-15 of 40c 12-15 Ontario $3.60 1 1 stock li- 5 3 t50c (quar.) common Extra Otter 1212- 12-* 1 1-5-49 50C Shattuck-Denn 12-14 1- Security Sharon (year-end)_ Quaker Oats Co., 6% pfd. (quar.), Quaker State Oil Refining Corp Quebec Manitou Mines, Ltd Raybostos-Manhe.ttan, Inc. (year-end) Rayonier, Inc., $2 pfd. (quar.),, Ray-O-Vac Company (quar.) $1.40 (irreg.) Ohrbach's, Inc., $2.25 preferred A (quar.),, Olin Industries, 4% preferred A (quar.) , 11-15 1 I-17* 40c (quar.i International 15c Putnam $1.12% Co., 4%% preferred (quar.) — $1.75 Sand, 7% preferred (accum.)—- Extra 12- 11-20 Extra 11-15 4>4.0W quar.) Ltd., common participating preference 1 (quar.) preferred 11-16 (quar.),.*— (increased Inc. Participating Co.— common Purity Bakeries Corp, 11-24 1 25c — ... $1.50 AJh Lines, Canadian 12- (quar.) Company, convertible 12- $1.10 (quar.) River 5% 55C ,— Ohio pfd. Gas preferred (Del.) Co. & $4.53 25c , common Ohio . 50c (quar.) (quar.) Company Corp., 12- 1 & 11-12 1 $1 Seatrain 1 50c Inc. Oil Extra 1 12-15 12- t$1.75 25c Co., Extra Oliver 11-12 — Common Ohio common. preferred 4.40% 1 $25c Ohio Associated Telephone, $2.20 pfd. . Pullman, 12- 20c (quar.)— Ltd., 7% Ogilvie Flour Mills, Common (quar.) 11-16 t$1.50 (quar.) 3%% on Electric $1.40 t$l 6% pfd. (quar.) Manufacturing Oak dividend Service Co. Roebuck Second 12- 12- 1 40c Sears 11-19 share a 12 %c Cash Oil Seaboard 11-19 held $1.21 'A Nova Scotia Light & Power, 11-20 held). capital 1 12- 11-19 2 Indiana share of Co. share common of (quar.) Norwich 11-20 12- 5% pi c ferred Public 12- t$2 5 'A % Common 1 12-10 (quar.) Line. 5% Air 12-31 preferred (quar.i 1 4.40%; preferred (initial quar.),,,, Public Service Co. of Indiana, new com.— dividend 212- t31%C preferred 12-15 4%% Stock 85c t25c (increased quar.) tl8c 5% Ccleiado— of Ltd., com. : 7-18 11-28* 91 % C — & Co., Scythes 12- 11-15 $1.25 —, tyecr-end) 11-16 1 11-20 70c (quar,) Leather 11-16 12- 12- Gas Public Service .Co,— (reduced) 1 1 12-15 12-10 Northwestern 12- 12- Co., Co, 2 12-13 11-19 5% preferred (quar.i $1.25 Light, 6% preferred (aceum,<)- ',*><$1,60 12-14 62 V2C 1 Prosperity 12- II-15 12- Tublic 12-20 8 5* Public Electric 12-20 12- A 5* 12-27 50c 4-i8 8-1-49 (quar.) Scott Paper Co., common (increased quar.), $3.40 preferred (quar.) Scovih Mig. Co., $3.65 preferred (quar.) 5Va% 11-19 12- 22 %C com.— convertible preferred (quar,)„ Northern States Tower (Wis.) — I-18 5-1-49 27 %c 3 11- 25c 4%% 2-1-49 27 %c 12- 11- 12-27 1 27 %c (quar.)—'. 12-10 1 1-15 SI iquar.) A 12- 1-15 Service Co.— A preferred preferred 12-15 (s-a) 11-15 1 preierred 7G5c ■' 10-25 12- o(a ?o 140c • 12-13 11-30 7c 5%% —t35c Ltd 12-20 10C Ltd 11-26 12-20 12-15 preferred (quar,) Public "Service Co., Northern Indiana preferred Dome Price 5 12- 3 11-24 12-20 $1 (quar.)— Northeastern Water Co., $4 Northwestern Preston 12-20 Syndicate, Brick Co 11-17 $2.50 11- 12-15 12-15 * 5 1 1-2 12-11 25c (quar.),— 11- 12- Association, Mining Fisher 12-27 Inc. 12-20 2 3 Arabian & 15c Prentice-Hall, 2 1- (year-end) Saudi Sayre 35c (quar.),, 1 75c 12-20 11-19* 22%c (interim) Loan 12- $1.10 iquar.) (s-a) 1 1 25c , (quar.)., 1- 15c (quar.). 4 Ltd. 1- 12- 10c — Food Remedial Francisco San 11-29 —-— A Holdert Payable of Rec. 10c iquar.t preferred series 1st 1948 15c Extra 11-15 15c Refrnctor.cs American Extra North Central Texas Oil Co. 12-13 Share of Company Regis Paper Co., common 4 40% ll-2y 12-13 11-29 37%c , (quar.) Inc. River 75c A—, St, 3 50c (quar.),, Power Corp. Pratt 90c class _ (quar.) (quar.)— America Extra 12-23 I- 25c Co. 11-29 1- 11-10 2% (quar.)_ Extra 12-10 5Cc 1 50c dividend) (Mass.) Co. Electric 12- 1-15-49 When Per Name 5 25c Inc. 12-10 50c 11- 12-15 $1.75 t25c ,_i—_ Steel 1 Seaooard B preference A K.), 12- $2 — 12-15 $1 H older » When Payable of Bee. $1 5c Extra /SI Monday, November 29, Schwitzer-Cummins — (cash Co. class Co., CHRONICLE Co.— RR, dividend & 87%c Raycn. (quar.) <quar.)„_ 75c American Coal Erie Material:; Plymouth Poor Power preferred 80c prior preferred 5% 12- 12- 1C Plastics Corp.— 7% North 12-15 %C 25c preferred convertible north Class 2 15c 50C 50c * North North Lake- 8c Car 53 %c $1.25 - pid. $5 quarterly & $1 Corp Corp., Mining American Extra $3 1 '—+ Extra Normetal North 12- 37 Electric Corp. & 11-30 12-15 „ ,, Norfolk 12-10 25c — Corp. Extra 15c ' Liquidating Pittsburgh <fc West Virginia Rv. (resumed)— Pittsburgh Youngstown & Ashtabula Ry.— 7% preferred (quar.) — Placer Development, Ltd. (interim)., 11-29 150C v Nilee-Bemcnt-Pond Noma 12-13 $2 * Niagara Lower Arch Bridge (quar.) Niagara Share Corp., class B (irreg.) Nineteen Hundred 11-15 12- 50c — , Newport News Shipbuilding & Dry Dock Co. Yoar-cnd 11-26 93%C (quar.) common (quar.) common 75c (irreg.) $5 Pittsburgh Metallurgical Co.,...,—---—25c Pittsburgh .Plate Glass Co. (year-end) - $1 Pittsburgh Steel, 5% preferred A (accum.) $3.12% 5%% 1st prior preferred (quar.),,, $1.37% Pittsburgh Terminal Realization Corp,— Pittsburgh Hudson common (quar.) (quar.) Inc., Consolidation Increased 75c S0c $1 15c , (quar.) ___— of .share & Smelting held). Mining each 12-10 1-2-49 Co.— dividend Bay < 1-1-49 (quar.) Co. common Year-end Pittsburgh 93 %C $1.12'/a Share 4'A% preferred (quar.) Pittsburgh Coke & Chemical, Corp.— (quar.) Newberry Stock Gas & (quar.) preferred Mills, preferred 11-15 $1.50 $4 Petroleum Puney-Bowes, Y, Chicago & St. Louis RR.— 6% FINANCIAL & Holders Payable of Rec. SI Zinc Jersey New N. When COMMERCIAL (quar. , — 12-10 11-10 12-10 31-10 35c (quar.) $1 50c iquar.),. (quar.)— 12-15 11-30 65c 12-15 11-30 . V . Volume 168. THE Number 4755 Per Ndme of Company [Standard Oil Cash dividend Stock ! Co. of New Jersey— v V- - ___ _ Stock dividend > (quar.J.___" ( Quarterly 12-10- ~ . 93a/4c Mfg. .Co.— 4 Inc. 12-10 12-10 12-15,,: 12-15 12- &&C 12-31 Stone & Webster, »In<% _(ycar-eiye 1^-dc-*ddr-. • • "Stonecutter Mltls, class. ./• V , 13-4 7 75c 12-15 1-15 10c 12-10 1- Coal & 12- -r'P- U» J5. 11-20 12-1 $1.25 1- ".-.•' ( 11*10 42*23 12- 3 35c 42*23 ,12- 3 75c 42-31 42-8 •4%% $1,50 42*24 42-:« '4xk% 41.75 (GypfuiafCo., $>mwpu -.(qiia'r.) Extra.' _ 4-3 42- .0 41-10 (quarn) prior preferred 1 11- 3 1-15 1-31 12- 1 11-15 12- 1 11- =31 11-30 12- 11-15 1 41-45 4247 1147 • ItSOc ________ 11-30 41-30 25c • 3 12-15 42-15 k $1.20 25c 12- 3 11*18 1-10 12-24 50c 12-1 41*10 3% 6% $40c 12-;8 pre¬ •Worthington Tump & Machinery,Corp., com. 1 11-20 12- 4142% Co., ?Ud co®vertible prior 1 28c common tWwlsrortli (F. W.), Ltd.— ^American ^deposit receipts Tor ferred (s-a) 1-2-49 1145 12- 90c Woodward "Governor Co.____ , 12-31 $1.50 ____ Wool:Combing Corp. of Canada, 4itd.____— tWoolworth (#. W.y Co. ,(quar,)_„_ •1-2*49 41-10 (quar.) preferred. (quar.)__ Manufacturing ,50c . series) 1 35c ________ ";.$1 —- : Co.— Special ,1- 3 475C 11*46 1 ;12-4- 11-15 $2.50 ________ 41:75 — U S Guarantee 11-13 Tl-29 .12- ■' 7 Ve1 ncefecred _(quar.)„__J___;rvT'- ■. 11-19 25c 41-20 11-30 12-31 25c (quar.) Woods 42-aO 41-30 ,«2&C —-_~ $4 t-praierved • 3 1 i qhar.i 1-10 $5 12-10 (quar.)___ convertible ^preferred. (quftr.) 11-15 12- 75c common____ •Woodall Industries, common 12- >1 .12-20 11-22 12-15 (quar.) .ipreforred '4»80% 12-15 4243 32'/ac U4» . 1-3-49 ; $2.50 4n?«j»»e^6Q4.i:quar.) — — preferred : .11-15 ,10% -x.r . • 12*18 12- >1 25c ^*:RJilr^'v6atssrt:-j('^a»-)v--'- IAj4toduEnciffa; 41-29 .12^10 . ,1-15 Coke United « (1897 Wisconsin Power >& Light, 1-3-49 50c Electric preferred 3.60% 11-15 53c • 6% 12-15 12-. 1 50c .{monthly). .^i«^.pfd.V4«ftaUily)— — 11-18 1-3-49 1 , Power, 41-15 53 c — 11-22 12- U5c 50c Inc., 7% pfd. 11-18 12-1 58Y3C ^ ,-r 13-15? 42-16 ' 58Y3C S%- fptiqr rprefenced .^monthly) ^xr,UnttediMerc$ianis.Ai JAa-niitecturers (quar.)_ United- Moiasees /iSft.,- 4^3. - (interim) • -11-30 15C •Stenega 12Tdv 11-18 -12-10 .toe. 6.36%/. prior- preferred jfcSfc x • 1 ,-62 %c Wisconsin ' 12- (J. C,), Ltd. (quar.)______ Wilson-Jones Co, (year-end) Winters & Hirsch, 1, Holders Payable of Rec. 50c .5^ ,Pb«ferred (s-a)__^ of (mpnthiy) .6.36 ^-;JWiqr 4^fd, .(monthlyi__^^_r_ .q, 12^15. 57c .M-2-43 t.;;*— rate commqn v(year-end Wilsoh American of .prefeerc^^nqnthiy) ■ •: =■- 12-.a 25c pfd. iquar.>_L_: Stix Baeir afe itff&f* ^quatj*^ 12-1, 5% , - !•" 25C i, ; , 12r31 $125 V the at eaefa.'4/J^'' share -foe7. s^otliors, When Share Winnipeg Electric Co., common_ 45%\pon-cum. preferred (s-a) • 12- .12-15. . . 37'AC 4%% 4lc ij.' 11-1$ 11-20 25c dividend* -(stock cash -<wili 4ae_ distributed . ^ . 12-3 25c • pfd. tquar.) •* 5% 11-18 OOC i /12-14 (quar.l^— Siernnk Stem Textile. ; 41-24 •-? -y--,Fr<Mr.MnBbl iwtownpSxt pitt.^rJ>e^iss»Bd ibht - 20c V Extrav Inc, 11-34 42-18 20c *.?% prior .^eiqi^f- — .preferred (quar.) Stechei -Traung Lithograph, -. i "State- Loan .&-Finance Oorp^ class" A, ■Gl&ts ,B Sterling, 12-18 Wilson 41-18' riK.f 12-1 .- 250 J- &- Acid <quar.)___.L_-:'___—_____ ti.;.., Drug, Per Hame.oJ Company 12- 9 United Xaght & Bftilwnys Cm,-common— (Ona_share «af .American Light -& Traction . Spring Co.;. common___—' ..Phosphate; >v 1-14 • 25c ... Works, Inc. | Stale Fuel;Suppiy.Ji':. Sterling Holders ,1-14 65c Irapaoyement Hs-a)._u— Extra - : _r _• Wholesale . 11-18 12-10 50» - . .~3%% -preferred A' Standard Railway Equipment ' 10-22 ... dividend siamiard 12-9 50c. c_-_- ifJnitsd ,Gas .10-22 2%% (cash [Standard Steel United cF*uit PdV0le.p1 Rec. ' dividend Standard Oil Co. of Ohio—* Common ■12* 9 When Share ■*»9kttne<0j Company . >«!-. CHRONICLE Per Payable of Rec. ^ -.-I & FINANCIAL <. Holdert When . Sbare ^ COMMERCIAL preferred (quar.). 25c 12-20 •13- 4 $1.12% 42-15 42*4 42.50 _ 12-15 $142% (quar.) 12-.1 41-15 12- 1. - * rstorhliue Furniture (quar.i_._|;Stewell Screw, ;Ltd. class A,,.<6*ai—: 'Stravrtrlilge A.Clothier, $5 preferred (quar.) ' •Stuart tD. -Diass Sun A • • • > .participatingvpieferred (quar/) __ ft20c ... m6% -.12-1 25C 12-15 12-30 5c 12- .1 preferred -d2--l 11-15 common (quar.) —_ — - 25c .Sunshine -Mining Oil, 6% (James) "'"(Extra' 1 : _ > 1 11-15 1 12- 1-3-49 41 Vic ■ 12-15 12- (quar.)— Inc.. (quar.) 7% 10-30 11-30* United 11-15 Universal ^Insurance rCo. 12-15 Universal Pictures .Co., 12-31 12-15 4 V4 ",'c 2 12-15 Universal 1- 32- 50c i qiisr. > pre.ertvn 1 preferred -TeTuride 8* 12-15 12- 1 2nd 56 prior -Certiii Textile & 11-29 Valley Mould 12- 1 12- 1 I-31 12- 1 12- $4 Van ljreferred conv. at.es of Raalte $1.12 »/2 11-30 11-15 75c 12-15 11-29 Vanadium-Alloys Steel Vapor Heating Corp., 5% 75c 12-15 11-29 Verney 25c pfd. (quur.)_ 12- 3 11-10 12- - Vick Corp. Chemical Virginia Co. Coal & 11-10 Dare Stores, 11-24 Virginia Dare, 12-15 11-24 .Virginia 12- 11-15 Mills, 50c 12- Co. 6-25r49 6-15 12-15 12-15 12- 12- 11- 12-15 11-26 $2.25 12-10 12- ;j_" Bearings— Ltd. tirreg, 12- 1 35c - Corp. (Si, Loui Title Insurance & Trust Cm-(Los Angeles Tivoli Brewing Co. (quar.) ..Toklan Royalty Corp. .(s;-a) Edison 4(4% ' pfd. 35c SQc 12%c (quar,) tl5c 'Transue Ac Williams Steel Forging (year-end) j.Treesweet Products Co. {quar.)__-__L; 25C :$2 (quar.)_ 12- 12- 1 3.2- 1 1 11-30 11-25 Gas Association (increased 12- 208 convertible LaSalle South Common '• • Asbestos ,12-15 11-30 12-10 Street 11-30 12- 11-9 $1 10c Sugar 1 Rubber of 11-16 12-23 12- 12-15 Co. 37 '/zc 12-23 62'/2c 1-3-49 3-1-49 $1.50 (quar.) _____ __ 12-10 25c (quar.) 1- 1- 3 12- 1 1 12-18 3-19 11-26* 12-10 3 Co. 12-10 11-19 25c 12-10 12- (quar. > Trusteed (qtnrr.>_ Funds, 1 65c 12- 1 11-15 Inc.—* Union . Bond Fund "A" Bond Fund "B"_ jtnion Bond. Fund Ur-icii . . , - Union Wire-Rope Corp. 8% Aircraft Air United 5% United 4%% 12-20 .12-10 12-20 12-10 15c 12-20 20c B . r ' - (quar.)_ $1.25 12- 1 11-15 $1.12 Vi 12- 1 11-20 12-4 t50c 11-30 11-15 $50c II-30 11^15 1 11-16 (quar.? • Dyewood Corp. 7C United Electric Coal Cos. tExtra Electric United Fuel Corp. .• A preferred 11-16 7 11-29 12-10 11-24 12-15 12- 75c t25c 1- 1 2 12-22 11-30 12-11 11-15 12-15 1149 1- 5 2- 1 1-14 12-20 12-10 12- 3 35c 12- 1 $1.13 42- 1 Indies Sugar West Jersey & 12- 1 11-16 12- 1 11*15* 1- 3 ' 25c 12- 1 12-23 —.— 12-13 12- 40c $1.75 12-23 12- 12-10 11-24 12-10 11-24 •75c (quar.) 1240 11-17 3 Ltd.-- (quar.) 75c — 12-11 inclusion Gas Co. ,(quar.)__^_____—_____ Virginia Coal & Coke (increased quar.) (West Virginia Pulp ■& Paper,(quar, )_—i—r 42- 1 1 11-15 17% c 42-20 12- 4 50c 12-13 11-30 12- Products, Extra ; (qqar.) —_ (quar.)-,— Western Light- As Ttetepnone - Co., fine, 3 1245 ,11*25 4245 11-25 75c 12- 1 11-45 45c — .~4—• ( s-a)_ Western Condeastog/Co._L---_--_^— 3 1- 450c v: i$i __4. "Western Auto Supply Co. 12*15 1- 12-15 25c 25c •Wefeteel 12-16 41*30 1- 5 11-26 75c . 1- 50c ,7% 1st preferred 5 ($7 (accum.).m-_ $75c 1-3-49 12-10 11-20 11-26 11- 5* Western Pacific RR. Co. Common- (quar*) 8* preferred (A 75c 2-15*49 (quar.) 2- a A1.35 3-16-40 — 3-1 Railway of Alabama 4 Tablet & Stationery. Corp.-r5% preferred (quar.)_„ Westinghouse Air Brake (quar.) 12-14 12- 4 1*3-49 12*16 50c — $3.50 ,$1.25 12-15 All 12-15 11-15 25c 12- 1 11- 25c 3Va% preferred A preferred B 3.80% Electrical (quar.) 42- 1 11- 8 87 %c 42- 1 11--8 95C 12- 1 11- 50c (quar.)_—__ _______ (quar.)— Corp._ preferred (quar.) (year-end) Wheeling & Lake Erie Ry. (quar.)—______ Weyerhaeuser Timber Co. 8 Machine Extra Whiting Wico 1 at Webster-Chicago Corp.—Earnings— 6 Months Ended June 30— class Wilcox A $1.50 12- 6 shares Common Earnings —V. per 168, Power week .outstanding.i common Oil 75c 12-27 12-16 12-27 12-16 12- -1 11-24 12- common Company, common 1 1-15 20c 1- output :$2,28 25c —_ 12-31 5% conv. preferred Inc. the 1947,/-+-V. 168, P. 2165. ' Wheeling Steel Carp. (& Subs.)—Earnings— ■Period End. Sept. 30— retpros <fe allowances Divs.,,int., rentals (net), cash discount on '$ $ $ 33,924,044 111,807,798 144,872 137,929 453,034 418,730 34,061,973 112,260,862 94,826,854 27,662,506 23,589,829 .75,978,315 2,772.658 2,298,082 7.875,552 1,361,570 1,220,233 3,794,743 63,302,830 6,804,937 3,591,669 -0273,176 sales and other .operating charges Repairs -& maintenance ,Oepr„ depl. •& amortiz. Gain on ord.;retire, or ___ sales fixed of assets Crl3,760 £96,503 022,067 186,919 Cr32,174 Pensions—corp.'s plan__ Sell., gen. fr admin, exp. •Ipt. & net exp. on fund. 2,176,223 2,002,050 G,545,082 and Willys-Overland Motors, Inc.— $4;50 preferred .(quar.)_i $4.25 & 12-15 Co., common ______ (quar.) preferred Net Federal (est.) 190,161 193,733 552,921 584,554 1,953,000 7,046,000 6,021,000 2,640,189 9,691,645 569,559 8,430,261 569,559 $14.63 $1241 inc. *— profit 1 3,866,913 (Common Shares outstdg. .Earns, per com. share__ —V. 168, p. 1090. , 569,559 569,559 $5.99 $3.84. Wireway Sales Corp., New York—Files With SEC— The company, on Nov. •for shares of 299,000 share. per 17 filed a letter of notification with the SEC stock (par 10c), to be .offered at $1 common be Underwriter, for used corporate Mercer Hicks & Co., -New York. Proceeds will purposes. • Woodley Petroleum Co.-rStock Dividend, 245 1-28 stockholders have The to stock $8 from $1 a Etc.— \ par value of the capital 278,250 shares issued and voted to change the share. There are outstanding. 1 11-15 12- 1 11-15 30c 12-15 42- 4 $1.25 12-15 12- 1 held. 20c 12-10 11-30 tion. 1-2 12-24 would 1 11-15 placed on a 12% cents a share quarterly 1* 1 4243 12- 25c $1.06% . stockholders The on j. ; ______l 529,516 5,835,263 808,778. 2,776,000 long-term debt__ for taxes •12- $1.12% — $ 41,088,760 income •Cost of '■ 94s408,074 pur¬ chases, etc. Total 4947 1948—9 Mos. 1948—3 Mos.—1947 40,943,888 Gross sales, less disefcs., 30c (initial s-a)—— (quar.) __—______ Output— 1948 12-15 12-31 IOC (quar.) (quar.)___ Gibbs Sewing Machine Co., com._ Willson Products, $1.43 • the 20, 70c Wilkes-Barre Lace Mfg. t413,570 7289,035 '289,035 electric properties of this company for the totaled 114.931,000 kwh., an increase of output of 105,421,000 kwh. for the corresponding of Nov. over week of 2 ,30c (quar. (quar.) 658,350 -, —. share 11*24 75c •25c - Co., .1947 $5,813,300 389. p. ended 9.02% 11-22 — preferred 1948 $7,548,595 after'taxes and charges_—__ Net profit 1145 (quar. Ccrp. Electric 6% Works * -j • outstanding shares of $5 par value class B preferred stock, of 31,376.3 shares, have been called for redemption on the office of the,corporation, Room 3800, 20 North Wacker Drive, Chicago, 111. Each holder is entitled to receive par, plus accrued dividends thereon from Dec. 1, 1946 to Dec. 27, 1948, amounting to 62%. cents per share, 11*22 12- 6834e Whitin p. 2164. 8 1240 $1.12 Va Instrument Weston (Geo.), Ltd., 4y2% » consolidated Federal the in company the 27 IProv. Western common the 11-15 $1 Western Westinghouse Electric, of consisting ;Dec. 12-4 12-11 $1.50 (8-a)_-__. West Ohio WiLson i. the 11-15 1 RR.— 6% special guaranteed mi West Penn Electric Co.—Weekly 20C Corp. (s-a).— "seashore • 11-13 75c — __r-_ —■_—_ (quar.)___ / tax. tax returns of its,former parent .company. Engineers ^Public Co., and others, for -the year 4946 and ior the period Jan. 4, through July 21, 1947, the date on which the cpmpany ceased to 11-13 75c West Willcox & 25c <accum.)___ income tax. Jamaica income (The) Wacker Corp., Chicago, 111.—Calls Class B Stock 11-15 12-15 25c :2*_— (year-end) • dividend. this 11*24 50c (quar.)__— tqnar.) Inc. for Sales 10-30 2»C pfd. (quar.) Investments, 1 12- .50c 40c (quar. ___. United 12- 25c Carton Co. Chemicals, Iue.__ Corporation, $3 pfd. tQuarte-rly class 11-15 12- 25c & Careen 1 12-10 $1 11-15 11-30 25c United 6/o 11-30 f50c America.. ... Board preferred Weston t50c of 12- 12-11 f 50c 1 12-15 ; Co. ... . 12- Ltd., class A United -United . 12-15 $1.25 . ; ■81 _ Biscuit ?.Extra United -United. 11-30 u-___i Extra United 12-15 Inc.— Extra Glass 9c : Co., 1 3 1- t25c 1240 preferred Circuit, (quar.) Amusement 12-10 32c - (quar.i_.__ Theatre 12-10 i (vear-eud l__________ pieferred (quar.)___ Lines. Artists' preferred 12-20 •12-20 j._c_ FuntL Corp. convertible United ' 19c 19c "C"___— Stock r. - U«ien Common Stock Fund-- Upited • Preferred 11-12 12-15 WesfcOTtt JMaryland iRy.— (quar.) Tank Car Co. 12- 12-10 933/4C California— A 20C 12- 4 _ com 12-6 We«t 6214 c & Co. 12- 1 $1,12(4 Corp., 7*15 1245 11-30 12-10 $4 Fund, closed subsidiary of Engineers.—V. 168, a • - 11-24 35c (quar.) be 12-17 40c (quar.)— 1 50c preferred 11-12 1*14 7$c 12- $1.75 (quar.) Union • Motor Co. not iWesson Oil & Snowdrift Co., Inc.— 11-26 ' Union Waukesha Corp. 1 11-39.. 4-15 — by 1947 2-1-49 (initial) — Corp.— Petroleum 42-4 (Continued from page 12) sioned 12-20 62 VaC ^Wellington (s-ai___ .< year-end i. _____ __ preferred Union Warren 42- 1 1-.3 income 84-49 common— (quar,) 12-15 12- Service 75c ___ preferred 41-19 InvciJuHint Hews 11-20 5-2-49 — 11-20 ;r 50C Oil $3.75 Upion preferred 11*19 4-; 3 12-15 General 11-12 37 VaC _—_____ (quur.) Company, books xLess 30% II-19 1 50c Pictures, B 42-15 25c Less British a 1 37VaC — ______ $3 convertible $1 25c (quar.)_. Co.__ 1 37»/aC (quar.) 11-24 Extra Union - (quae, 1 quar.)_ (quar.) ,-Underwood -,Corp "Union $4.50 7-20 resident tax 15%; resident tax 7%. 1241 $1,25 62V2C ..(Warren (Northam) '^■r 7*30-49 tPayable in U. 3. Funds,;Jess ,15% Canadian non-residents' tax. tPayable in Canadian funds, tax deductible at the source. Non¬ "1- 3 30c (quar.) C.) 4-20 37 Vac 12-10 $1 ^Transfer 12- 10C (year-end)___ (S. 1-20 37%c 4-30-49 Extra II-30 $1 —_ 1 Common ! Warren 42-20 1-31-49 — •Extra 1 1145 12- City Ninth Unit, $6 pfd. (accum.) Tung-Sol Lamp Works, common... -Twentieth .Century-Fox Film Corp.— $1.50 Youugstown Sheet & Tube -Youngstown Steel Door 11-12 12- 12- Tudor (quar.) prior preferred 12- 1 12- 4 — Brothers, class 45c 37 %c (quar.) _________ 11-12 12* 12-15 12-10 ' $4,50 2 12-10 30C 20c RR. Coal 12- tl2c 12 Vie 20c i Bros. C 2*38 5-31 11-18 — $135 (quar. & Green'oush Truax-Traer 1 75c —___— Class 11*30 3-15-49 40C 6*15-49 IOC i-17 12- $1,25 (H.)-Gooderham & Worts, Ltd.— Increased 11-11 41-15 1 Walker 11-19 41-22 2- $1 preferred Warren ,42*15 10c ^ —__—___— .11-26 20c Oil ■& Extra Troy 11-30 12-* 1 12-20 $1,06 V* Ltd.! Elevators, i 11*13 11-20 12-10 $1.37'/a ,12-21 - ____________ common .11-29 11-20 Walgreen Co., common (quar.)____» 4% preferred (quar.)____^__:—— 12-2 12-15 ., 11*27 1 1- t3iy4c preferred 7 12- _______________ Tpreferred Warner quarterly Insurance Trico 11-19 12-30 tl5c 4 1-3 75C • 3 Realty & Construction Co'.— Increased Toronto 12- 1 12- 1 $2 __ A 2-19 41+29 $1 11-19 Wabashi-Harrlson Corp. .(s-a i_ Wabasso Cotton Co,, Ltd.. new com* Waiie Amulet Mines, Ltd. 5 $1 ' , 1 40c (quar.) (quar.) Top Tailors, 3-15 12- 41-30 (quar.)__, (quar.) YLsking Corp. L. Vogt Manufacturing Corp. (quar.) 12-1 12-1 (ifreg.)_.—_ Railway, 6% 11-12 12-20 40c preferred class 4*20 ; 11*13 - 11-15 preferred 4quar.* _<_■ Power, common (quar.) Electric & preferred 0% 1 3 5% Ltd., 6% i 12-15 25c Oil (year-end >- Roller loledo 12- 4-1-49 ______ Associated Inc. Tishfnan 11-15 $1.50 (year-end)__ com, preferred (ouar.l •Title 1 1-49 50C Roofing Tip 1- $5 Virginian 11-15 60C . (Common Timken 1 42-15 $,1.75 common——. 1 12- 25c ^ (quar.T__a-_„_'.^T_a— Hiompson Products, Inc., Time, 11-30 12-20 $1 (ycar-end)_ Iron 3 12-15 J30c :■ Tile 11-45 ^ (quar.); $130 interest (year-end prop, Cotton Water 1 42- 40C Virginia . Common 4% 12- 42-10 42- (quar.) $130 • Co., common Tide 11-15 12-6 1_ Viceroy Mfg. Co., Ltd.____ Oil— Ltd.„__.^ preferred 11-15 1 22YaC . Inc. Company, jll-12 25c 7% |' Thomaston 4 3 (s-a 1 SI.75 50c The.w Shovel 1212- 1-2*49 $5.50 prior preferrd (quar.) Valspar Corp., common 12-16 12-16 (quar.)___— _______________________________ 11-20 12-20 . .3-4; ■ . preferred (quar.) convertible preferred (quar, convertible preferred (quar.) 8% 62YiC 40c (quar.): Iron, common .52- 4 10c convertible 6% (year-end)— Carpet Mills 1- 4 25c . Co. 11-20 42- 1 25c Yankee .Fibre iTile Mfg. .Co. 12*15 20c _______ 1 & 12- 1 50c 25c •Yellow Cab; Co.— ... 12-15 15c (increased) 12- Mohawk •11-26 25c — (quar.) 12-15 & 11-15 4-3 25c ' Common 3 I- 12 VaC Co. .41-30 ■ (monthly)__—_— Co. Common ! 12-30 $2.20 coramon__™~—_______ Light Jr., $5 : 43 Vac Wysong $5 Niles Co., common 25c (quar.) 3c (year-end Mills, 5 41-29 ' : 11- 12*15 42-15 — preferred '.V 4-td. 4rediiced)__ > Utica .-Extra shares 12-10 45c — Knitting Co., (s-a)___ 11-15 $1.06Y4 11-15 ..{initial, quar.) |i Texas Pacific Land Trust— -Sub 4 12- c $1.25 (year-cjndi, 12-15 ■' •& Co. $1.95 (s-a)-__ ;Extra . 11-22 Extra -40c (quar.) Products Mtitab lower : preferred I Tex-O-I^an Fipur Milfs,, 4 %> |: Texas Gulf 8u)phiir___——* Coal Utlca 11-13 J. Terre ;Haute Water Works, 7'.i pfd. (quar.)_ Pacific 41*22 $8.75 Upson-Walton, (quar,) 42-11 12- 30c common 12-15 1240 42-10 U2V2C Upper Canada Mines, Ltd , Co.— (accum. Power, -6% 1- ?12'/2C (quar,).,? 25c New preferred 11- 2 $1 43 3/4C Extra Taaness.ee Cory, Texas 11-15 (quar.) 90c, convertible preferred 8* 11- 27c j_.._ 41- 11-29 25c _ 42- 1 Inc.— Universal 'Winding Co.— 11-15 11-29 j25c preferred Telephore Bond &: Sh'ire 1st $2.50 62¥aC Ltd._ ^United Stockyards Corp. (yeaTrend) -Taylor, Pearson & Carson (Canada), Ltd.— 7% Wyandotte Worsted — 6orp., Steel 11-5 2 5c (quar.) Taylor & Fcnn, 4.32'/ 5% r-:omL ____ nom-cum. 1 50c ■ 42- 4 11-30* $2 12-31 56'/4c ___ common______-_-— Inc. 4248 12*15 12-20 . preferred Talon. 1-1-49 «45c —_ preferred (quar.)___ U. 8. Trust Co. (N. Y,) (quar.) !• " Tampax, 42*16 &% 12- .1 25c _v_— 4*1*49 W%ht4Iargreaves Miners, 41 15c 75c , 50c _________ - 1 prior preferred Wright /Aeronautical Corp— Wrigiey (Wm.), '■Special ■i Monthly Monthly Monthly _— j15C __— •11*20 Spring & Bpmper Uo;,^ % { qua-r:) U. S. Steel Corp., common (qqar,) ,U S Tobacco ,Co., eonuaaoii .(year-end )„_____ 11-15 1 ;1- 42-17 ;12i44 TJ & 11-26 12- Extra ■ 11-26-; 12- - Inc., common > 12- 11-19 12-15 10c 4-;'3 ■:&2 )7flC "Potash-.fCoy, (irreg. )^_i_vw^>(--~— U- S. .Printtog (b.Lithognaph, commor..:.5% .preferred ;(quar.)______ U,_S.iRubber^Ce.,>c«B(nnori-xii-^--i-. - 12-23 25c Corporation Taicott 1; i40c |,Sylvanite -, Gold Mines, Ltd.___-._v~_— Taggart 12- .'37%C *4% 2nd -preferred (quar.) Swift k- Company ,(quar.ii__-_i_,__^-_r.-_._; SymingtorrrGouid C >ri>, <J$ Syracuse Transit Corp 1 2 ,12-15 22'/2C S Ltunbe?-*C<K ^tyeanrand _U & 50c (quar.)_"—_ preferred ' i 1 45c 25C 41*30 fkiUQt** Fnw^r*a4fluar.) U« ;S. Plqying Card €>e. (quar.) 12- 1-2 41-lfl 12-14 U, 1-15 1- 28 '/sc' ' |.Sutherland -Paper Co. (quar.)-i ii.-_ii_i.-_t,— Swan-Finch U •• 11-30 ' 26 Ac- (quar.)__>;-~-_- Co. /- .12-4 H82'/2C — U. 41.-24 ■ Worumbo Mfg., -5% — 4I.O6Y4 —_____ y-. 11-15 37'/2C ; .Sunray OiLCo^p., common> (quar,)---i■ AVi % .preferred .series A tquar.i___":_-_i:4:\-4%%- convertible pfd series B (quar,)-" • , Maeiiinerj (Corp.— .4Y4%.; ,pref«a»d (quni l--— S. Lines, common (quar;) 11-12'■•• *Vz% ?&&&. 10%- - (quar ) _—.*■ (qnar.) vU.,.S. Hoffman 12-20 _■ Stock dividend | Sun Ray Drug ;Co., ■7%. 'preferred vll-1 3 Ltd.— v A.t "Oil, Oil. Co.; common " • •has capital the also stock on authorized the the basis of r. -Parfcen, directors one The directors will meet Dec. 2 to to effect a dividend share for each two shares take action op this authoriza¬ .President, told stockholders that the management at the directors' meeting that the new .stock be, recommend dividend basis. The company heen-paying 10/cents a share each quarter.—*V. 168, p. 2165. ■ mmrn THE COMMERCIAL FINANCIAL & CHRONICLE Monday, November 29, 194? STATE AND CITY DEPARTMENT BOND PROPOSALS AND NEGOTIATIONS any Gadsden, Ala. Bond Offering 7 for the sealed receive will Clerk, City bids until ring P. M. McCall, — (CST) 10 a.m. Dec. on purchase of $360,000 pub¬ improvement coupon bonds. Dated Dec. 1, 1948. Denomination lic $1,000. Due $36,000 Dec. 1, 1949 to 1958. Bidder to name the rate *oi Interest the bonds a or on to date of will be sold as a whole to the bid¬ der whose bid reflects the lowest Bond re¬ Offering—The Board of County Commissioners utility the City reserves the right to re¬ Enclose check under authority of Chapter and Ex-Officio Judges Account" of the City shall sioners thereof. Bonds are exempt from pledged. The bonds, are to be in the State, and the validated by the Circuit Court of taxation Gulf County and the approving present Federal income tax. Bonds validated by the Superior Court opinion of Giles J. Patterson, of and all bids must include accrued Fund interest be The to the will bonds be delivery. of date delivered in Birmingham or Montgomery as may be directed by the successful bidder soon as as the bonds may be prepared following the sale. The City will furnish, without cost the opinion of White, Bradley, Arant & All, approving the valid¬ ity of the bonds. No conditional bids will be considered except that bids may be conditioned upon such opinion. Enclose a certified check for $7,200, payable to the City. Pasadena City School District, Angeles County (P. O. Los Angeles), Calif. Bond Offering — W. G. Sharp, Los County Clerk, will receive sealed until bids 10 (Calif. DST) purchase of $1,100,000 not to exceed 5% in¬ terest building bonds. Dated Jan. Nov. a.m. for 30 the Denomination 1949. 1; $1,000. Due Jan. 1, as follows: $50,000 in 1951 to 1954, and $60,000 in 1955 1969. Principal and interest payable at the County Treasurer's office, or at any of the (J-J) fiscal agencies of the County in New York City. Rate of interest to be in multiple of % of 1%. The bonds will be sold for cash only .and at not less than par and ac¬ crued interest.». j Each bid must (EST) on Dec. 14 for the pur¬ chase of $1,250,000 revenue bonds, p.m. divided as follows: 1 $40,000 in 1979, and $650,000 in 1980. / ■ Dated July 1, 1948. Denom. $1,000. Principal and interest (J-J) payable at the Manufacturers Trust Co., New York. All of said bonus maturing in 1954 to 1980 shall be subject to redemption by the County prior to maturity in whole or from time to time in jntaturity' .(les§. than all of, single delivery ^and state separately the premium, if any, and the rate of maturity to be selected by lot) on interest offered for the bonds bid after for. Each bid shall be for the entire amount of the bonds, at a single rate of interest and any bid c for less than the entire amount of bonds or terest will be rejected. of varying rates of in¬ Payment delivery of bonds will be for and made for in the office Supervisors, fied of the Enclose a Board certi¬ cashier's check for 3% of or the amount of bonds bid for, pay¬ able to the Chairman, Board of Supervisors. CONNECTICUT Darien, Note hoon, Conn. Offering—Stanley C. CaFirst Selectman, ceive sealed bids until will 10:30 re¬ a.m. (EST) on Dec. 6,for the purchase $300,000 tax anticipation notes. of Dated Dec. 8. 1948. Due April 29, 1949. Payable in New York City Satisfactory legal opinion will be interest payment date on or any July 1, 1953, upon the fol¬ lowing terms: Bonds maturing in 1980, shall be callable as aforesaid, upon terms of par and accrued in¬ terest, plus a premium of 5% of the principal amount thereof, if called for redemption on or prior to Jan. 1, 1958; 2Vz% of the prin¬ cipal amount thereof if called thereafter and on or prior to Jan. 1, .1963; and thereafter without premium; and bonds maturing in 1954 to 1979, shall be callable as aforesaid upon terms of par and accrued interest, plus a. premium of 5% of the principal amount thereof if called for redemption to Jan. Fort St. Joe, agrees Fla. son, Offering — M. P. Tomlin City Auditor and Clerk, wil receive sealed bids until 10.30 (EST) a.m Dec. 6 for the purchase of $90,000 not to exceed 4% interon ' est • S& I . general obligation bonds. Dated July 1,1948. Denomination $1,000. Due July 1, as follows: $3,000 in 1950 to 1955, $4,000 in 1956 to 1961, $5,000 in 1962 to 1966, $6,000 in 1967,. and $17,000 in 1968 The right shall be reserved to call bonds of said issue maturing in bids a reserve Madison County, District Com¬ Judges the right to reject ceive sealed (EST) Carl Siegel, sealed Dec. 1 bids until 8 p.m. (CST) on tion their of numbers interest payment date on occur¬ ring 1979, will deliver less not more an than than thorized 1974. Accrued interest between the date of the bonds and the time of the payment and delivery shall be ad¬ justed with the purchaser. The election the at held on to be awarded to the bidder nam¬ ing the lowest rate of interest] the above named in any legally acceptable! Secretary. The District will fur¬ proposal and offering to pay notj nish a transcript of the proceed¬ less than par for the bonds. Th« Oct. 30. All bids must be made on the form submitted by the and & amount of $1,250,000 bonds, and not $1,500,000, depending final, determination of County) for the bonds bonds will their date of issue to the last chaser on be or made the to before Jan. pur¬ $1,000. Due Dec. 1, as follows: in 1949 and 1950, $14,000 in 1951 and 1952, $15,000 in 1953 and 1954, $16,000 in 1955 and 1956, and $17,000 in 1957 and 1958. Op¬ $13,000 Dec. 7 for the purchase of $45,000 not to bonds. exceed Dated 4% Dec. interest 1, so As same 1948. jail De¬ ingly reduced. The cost of tion delivery sewerage rate of said or and bonds make in at such other New payment York for City, place as shall be and the on maintenance of the system of the City, and principal of and the interest said revenue bonds are pay¬ able solely from the revenues to mutually agreeable between the be derived by the City from the bidder and the County. Enclose a operation of the sewerage system. The City will furnish a transcript certified or cashier's check ,for,l% Of proceedings and the legal opin of the amount bid, payable, to>the iOn of Charles- & Trauernicht, of Board of County Commissioners. St; Louis, and will pay for the 1949 to 1953. Split payable in principal and largest premium will be ac¬ cepted. Enclose a certified check for 2% of the par value of the bonds offered, payable to the] County Treasurer. Offering Note tall taxable Parish, to pay , receive bids sealed P. Charles — Treasurer, County Howard, until 11 will a.m. (EST) on Nov. 26 for the purchase $81,000 Waldon Pond State Res¬ ervation, Acts of 1947, registered notes. Dated Dec. 1, 1948. Denom, of $1,000. Due $27,000 Dec. 1, 1949 to 1951. Principal and interest pay¬ able at the Second National Bank of Boston. The notes will be regis¬ tered in the ful bidder, of of the success¬ interest will be to the registered The bidder is to name one interest of rate name and direct payable owner. 1% in multiple a of and no bid of less than and accrued interest will be These notes will be par considered. prepared under the supervision of and certified as to their genuine¬ by the above bank qnd, their legality will be approved - by Storey, Thorndike, Palmer..^ & Dodge, of Boston, whose opinion ness will be furnished to the pur¬ bids will be accepted. The notes will b,e de¬ livered to the purchaser on or about Dec. 1, 1948, at the Second chaser. No telephone National Bank of Boston'. Quincy Housing Authority, Mass. Note Offering—Louis A. property sufficient in the principal and George, Chairman, will receive sealed bids at the office of the State Housing Board, 18 Tremont Street, Boston, until 1 p.m. the Dec. to (EST) on Nov. 29 for purchase of $490,000 tempo¬ The amount ; , MASSACHUSETTS rary the , /Middlesex County (P. O. \ East Cambridge), Mass1 ■' 'J- interest from the annual levy and collection of an unlimited ad va¬ within pro-l the lorem tax on naming interest be bid, in which event designate the av¬ erage interest rate. Principal and interest (J-D) payable at a place designated by the purchaser. Le¬ gality approved by B. A. Camp¬ bell, of New Orleans. These bonds will be bidders interest, the posal of the bidder offering to pay the bidder must bidder will be required- to accept the between the rates may 1, from! date! 24, 1949, of maturity of any of the bonds. mium offered will be correspond¬ opera¬ to be issued ing of the bonds. Delivery of the upon the the cost. The amount of any pre¬ to the legality of the a.m.! pur¬ Bidders are condi¬ tioned only to that extent. Each as bonds and the bids may be 10 the Due $2,000 Jan. X, Principal and in¬ (J-J) payable in such funds as may be on the respective date or dates of payment thereof, legal tender for payment of debts duej at the County Treasurer's office] to • order for $1,000. 1950 than in Granite City, 111., without cost $1,250,000 no less than $1,500,000 to the purchaser. Delivery else¬ sewage revenue bonds. Dated Jan. where will be made at the expense 1, 1949. Denom. $1,000. Due Jan. 1, of the purchaser. Enclose a certi¬ as follows: $25,000 in 1950 to 1952, fied or cashier's check for $3,000, $30,000 in 1953 and 1954, $35,000 payable to the District. in 1955 to 1958, $40,000 to 1959 to 1961, $45,000 in 1962 to 1964, $50,IOWA 000 in 1965 to 1£67, $55,000 in 1963 Buena Vista County (P. O. and 1969, $60,000 in 1970 and 1971. } > i Storm Lake), Iowa $65,000 in 1972 and 1973, $70,000 Bond Offering—-W.:iJ; Robinson, in 1974 and 1975, $75,000 in 1976, $80,000 in 1977 and 1978, and $85,- County Auditdr, will receive bids 000 in 1979. Bonds maturing in until 1.30 p.m.' (CST) on Dec.'3 the 1970 to 1979, may be called for for purchase of $150,000 payment prior to maturity at par county public hospital bonds. and accrued interest in the in¬ Dated Dec. 1, 1948. Denomination any until 17 terest for the purchase of not more verse bids Dec. on legal opinion of lowest rate of interest will be] Trauerpicht, of St. determined on the basis of the! Louis, and will pay for the print¬ lowest interest cost to the receive — will Nameoki School bonds will be registerable as principal on registration books requested to designate in their kept for that purpose by the Clerl of bids the price they will pay for County Commissioners. Bid¬ bonds bearing interest at a rate or ders are requested to indicate wit! their bids the rate of interest tc rates, likewise to be designated in their bids; provided, however, be paid on the bonds on. which! that each interest rate so desig¬ their bids are based and submit-] nated shall be an even multiple of ted; the rate named may • be a| % of 1%. These bonds were au¬ multiple of 1/10 of 1%. The bonds Charles Offering Bond Offering—Charles N". Wil¬ kinson, President of the Board of County Commissioners, will re¬ (P. O. Nameoki), III. of Education. Board ings ILLINOIS Belleville, III. Clerk, $900j MARYLAND p.m. (CST) on Nov. 29 for the purchase of $200,000 not to exceed 31/2% interest building bonds. Dated Dec. 1, 1948. Denomination $1,000. Due Dec. 1, as follows: $5,000 in 1950, $10,000 in 1951 to 1953, $11,000 in 1954, $12,000 in 1955 and 1956, $15,000 in 1957 to 1963, and $25,000 in 1964. Principal and in¬ terest (J-D) payable at a bank to be designated by the purchaser, subject to the approval of the thereof. Bond cashier's for Allegany County (P. O. Cumberland), Md. 8 $50,000, payable to the Commis¬ sioners and Ex-Officio Judges City or payable to the En- year. check Bond Offering — Louis Berry, chase of $2,000,000 not to exceec Secretary of the Board of Educa¬ 5% interest school coupon bonds.] .Denomina¬ tion, will receive sealed bids until Dated Jan. 1, 1949. cashier's check for or certified a for $15,000, City. and all bids, or to accept such as they deem best. Enclose certified certified a payable to the Parish. nomination $1,000. Due $9,000 Dec. Chicago, Bond any Close ., without FLORIDA The missioners and Ex-Officio the after such dates: 1978 and callable Jan. 1, 1959; 1975 to 1977, callable Jan. 1, 1963; 1972 to 1974, callable Jan. 1, 1967, and tional Dec. 1, 1953 and on interest 1970 and 1971, callable Jan. 1, dates thereafter, prior to matur¬ 1969. If less than $1,500,000 in ity. Opinion of H. N. Rogers, of bonds are delivered,- the reduc¬ Des Moines, to ; be furnished by the County. Printed bonds to tion will be spread proportion¬ ately over all maturities. Prin¬ be furnished by the County. These cipal and interest payable at a are the bonds authorized at the bank to be A check designated by the election held on June 7. purchaser, subject to the approval in the amount of $3,000 is re¬ of the City Council. Bidders are quired. on or prior to Jan. 1, 1958; 4% of requested to designate in their the principal amount thereof if bids the price they will pay for LOUISIANA called thereafter and on or prior the bonds bearing interest at a s, East Feliciana Parish (P. O. to Jan. 1,1963; 3% of the principal Fate or rates likewise \ to be amount thereof if called thereafter Clinton), La. designated in their bids; provided and on or prior to Jan. 1, 1968; 2% Bond Offering—H. H. Forrester, however, that each interest rate of the principal amount thereof if so designated shall be an even Secretary Police Jury, will receive called thereafter and on or prior multiple of Vs of 1%. The City sealed bids until 10 a.m. (CST) on 1, 1973; and thereafter premium. The County to furnish the approving opinion of Chapman & Cutler, of furnished. The Savannah. at livered thereof $20,000 3% Belleair Beach Cause¬ way bonds. Due $10,000 July 1, 1952 and 1953. 20,000 3% % Belleair Beach Causeway bonds. Due $10,000 July 1, 1954 and 1955. 1,210,000 4% Belleair Beach Causeway bonds. Due July 1, as follows: $10,000 in 1956, $15,000 in 1957 to 1961, $20,000 in 1962 to 1967, $25,000 in 1968 to 1972, $30,000 in 1973 to 1976, $35,000 in 1977 and 1978, and accrued interest to the date of bidder ..offers issue. legality of the bonds has been approved by part,, in, the inverse order of their the entire County (P. O. Vandewater, Sykes, Heckler & Clearwater), Fla. Galloway, of New York City, a Bond Offering —Ray E. Green, copy of whose opinion will accom¬ Clerk of the County Circuit Court, pany the bonds when delivered to will receive sealed bids until 2 the purchaser. Bonds will be de¬ par stated thdt ' the Bids must be for County. Pinellas to : of the - CALIFORNIA on Jacksonville, will be furnished to the purchaser without charge. to Delivery elsewhere will be made at the expense of the purchaser. Ex-Officio and made purchaser on or before March 1, 1949, in Belleville, or St. Louis, cost to the purchaser. by the City 22,829, Judges thereof. The bonds can be registered as to principal with the ject any or all bids. No bid will Laws of Florida, Acts of 1945, and be considered for less than par, appropriated to the "Construction Disbursing Clerk of the Commis¬ tax imposed interest to the City, provided that be without Commissioners and ExOfficio Judges will receive sealed bids until 11 a.m. (EST) on Dec. 20 for the purchase of $1,000,000 2 %% public school coupon bonds. Dated Jan. 15, 1949. Denomina¬ bear; provided, however, that no tion $1,000. Due $50,000 Jan. 15, bid less than 98% of par will be 1955 to 1974. Principal and in¬ accepted. As additional security terest (J-J) payable at the office for the payment of the bonds 60% of the Disbursing Clerk of the of the funds collected from the demption. Principal and interest (J-J) payable at the Florida Na¬ tional Bank of Jacksonville. Bid¬ ders are invited to name the rate of interest which the bonds are to multiple of V\ of 1%. The bonds O. (P. Savannah), Ga. County will bonds the Chatham after five years from plus interest accrued printing of the bonds. Delivery of interest falling due each GEORGIA on interest payment date occur¬ the date of the bonds, at par to bear, in are for redemption 1968, to 1963 ALABAMA I loan, first series, notes. Dated 1, Due -Dec. 1, 1949, of such" notes are pay expenses in¬ to be incurred in the 1948. - proceeds be curred used or to f * * olume 168 Number 4755 THE COMMERCIAL & FINANCIAL CHRONICLE (2273) 53 ^ evelopment of State-aided, a V(M-S) payable at the Ann ject to redemption on 15,, days' Arbor Bank, Ann Arbor. Rate of 1 published notice in the Ontona¬ interest to be in a multiple of y4 gon "Herald" at the option of the ousing project for veterans in e City. For the prompt payent of the of principal and interest said n notes, the full faith and redit of the Authority will be ledged and the payment of the rincipal of and interest on the otes will be ancial shall of a Contract for solely bids Nov. n until 30 for 10 lien 1, ec. Daley, receive and $1,000. sions $200,000 963. 1962, and $325,000 in The bonds form coupon be registered or . issued and if issued in coupon form orm, ill will be exchanged for bonds in egistered form at any time upon pplication of the f % of 1%; shall period be at as the determine to may the on con¬ ordinance, No. 100 of the being Village. Ordinance Bids shall the unquali¬ be conditioned upon fied opinion of Miller,' Canfield, Detroit, ap¬ proving the legality of the bonds. Paddock The & cost Stone of of such multiple any one rate only, lard, Village Clerk, will sealed bids until 8 p.m. receive (EST), on Dec. 7 for the purchase of $61,000 interest general not to exceed 4% he City in New York City, Chi- obligation at the office of the City or The reasurer. bonds will be warded to the bidder whose bid roduces the lowest interest follows: as $20,000 Fire Apparatus bonds. Due $2,000 Nov. 1, 1950 to 1959. cost ,20,000 Municipal Building bonds. the Due City to be determined by omputing, at the rate or rates o ecified in such bid, the cou- ons on maturity after deducting „ the bonds from their date, their : herefrom the premium offered, if No proposal for less than for the purchase of less ny. par nor than all of the bonds will be sidered." upon con¬ Bids shall be conditioned the unqualified opinion Paddock of Miller, Canfield, Stone, of Detroit, approving the legality of the bonds. A copy of their opinion as to the legality of the bonds will be furnished to the successful bidder without charge, prior to the delivery of the bonds. The City shall pay the cost of printing and »- delivery •* of the bonds.) $2,000 Dated Nov. 1, 1948. tion $1,000. Rate of upon all the tax¬ property therein, such ad as va¬ be necessary to pay the principal and interest thereon, without limitation as to rate or may amount. The bonds and ! are upon, unqualified opinion of the purchaser's attorney to be secured at the purchaser's expense. Bonds will be delivered without expense to purchaser, at the office of the Village Clerk, or such other place as may be mutually agreed right is reserved to reject any or all bids. Enclose a certified for 2% of the par value of the bonds, payable to the City. and are to be issued pursuant to the provisions of Chapter 25 of the Dexter, Mich. Offering — Homer Haworth, Village Clerk, will receive sealed bids until 7 p.m. (EST) on Dec. 1 for the purchase of $48,000 not to exceed 3Vz% interest water supply ' and revenue distribution coupon bonds. system Dated Sept. 1, 1948. Denomination $1,000. Due Sept. 1, as follows: $2,000 in 1952 to 1959, $3,000 in 1960 to 1963, and $4,000 in 1964 to 1968. Bonds are subject to redemption on or Village numerical order at par value bond called for redemption on or prior to Sept. 1, 1955, $20 on each bond called for redemption there¬ after but on or prior to Sept. 1, 1960, $10 on each bond called for redemption thereafter but on or prior to Sept. 1, 1965. No bonds less than - the entire issue then outstanding, shall be called for redemption at any time prior to Sept. 1,' 19551 Principal and in¬ for Village Charter. The Village is Blue Earth County Consolidated School District No. 146 (P. O. Offering Frederick J. — Bestmann, District Clerk, will ceive sealed (CST) Nov. on chase of bids until 29 re¬ p.m. the for 8 in 1951 of dates later than Jan. 1, 1959, will each be subject to redemption at the option of the District oh said date and date thereafter, crued of interest any at interest, serial in and ac¬ inverse order par Principal and any suitable company designated trust or payment numbers. payable at by the successful bidder. Bidders required are interest of to state the rate in rates or 1/10 or desired multiple of will be made within 30 acceptance bid. of authorized were series Bond be produces the lowest interest cost receive Village, to be determined a check or Offering Laughlin, the election Enclose Ironton, awarded to the bidder whose bid to bonds certi¬ bank for; $4,000, payable,to the District Treasure**. The will the at 26. days after These draft thereon, without limi¬ each Village sealed A. Mc¬ Attorney, H. will — bids until 8 p.m. (CST) on Dec. 7 for the purchase $16,500 bonds, divided as fol¬ by computing, at the rate or rates specified in such bid, the total lows: $7,500 pons on the bonds from their date to their maturities, and deducting therefrom any premium. No pro¬ a price of less than their be considered. par Bid Stone, of Detroit, approv¬ ing the legality of the bonds. The cost of such legal opinion will be paid by the Village. The pur¬ chaser shall at his expense furnish bonds for execution. Bonds will be delivered at Detroit. Enclose 2% of or the bonds bid cashier's check for principal amount of payable to the upon, Village Treasurer. Ontonagon\, Mich. These ceive Village sealed (CST) . Clerk, bids will until 4 G. re¬ p.m. Dec. 6 for the purchase of $45,000 not to exceed 3%. in¬ terest on water Dated Dec. plant coupon bonds. 1, 1948. Denomination $1,000. Due $5,000 Dec. 1, 1949 to 1957. Principal and interest (J-D) payable at the Village Treasurer's office. Rate of interest to be in multiple of A4 of 1%. a The. in¬ terest rate for each coupon period on any rate one only. authorized were election on Nov. 2. bond shall be at one The bonds will be sub¬ such bank trust or County. The opinion will state our opinion that said are valid and binding gen¬ eral obligations of the County, in limitation levied to as rate date These County (P. O. Rochester), Minn. Bond Offering Underleak, be receive L. County Auditor, will sealed bids of vote check check all de¬ bank or draft $15,000, until 2 of p.m. (CST) on Dec. 8 for the purchase $750,000 hospital coupon bonds. 1948. Denom. $1,000. of H. interest 1% of p.m. will for thereof the to be callable on Dec. 1, 1959, and on any subse¬ quent interest payment date. The bonds may be registered as to only tor. Rate of on books to be the County Audi¬ interest to be in terest No bids for less than par and ac¬ crued interest will be considered. All bids must $500, are fund$ in said first Fund, on all out pay of said annually, the in¬ outstanding bonds the presentation of the cou¬ belonging thereto, and any funds remaining shall be applied to the payment of the principal and to the redemption; of the bonds in the order of their regis¬ upon pons tration. The for not with less at bonds than and the will be their par interest accrued delivery state all to sold value date bidders of must lowest, rate of interest which bonds at reserves they will purcfrase the par. The City -Council ,the right to reject, any and all bids ahd to sell the bonds at private sale. Enclose checks for Bank certified a $18,500, payable to the above Clerk. are requested designate in their bids the price they will pay for bonds bearing Lincoln County School Districts (P. O. Libhy), Mont. T at rate, a three not more rates, like¬ or different Bond Offering—Alice Winfrey, wise to be designated in their District Clerk, will receive sealed bids; provided, however, that each bids until 8 p.m. (MST) on Dec. interest rate so designated shall 15 for the purchase of $260,000 hot be an even multiple of of 1% that all maturity the the & the same interest bear The rate. same furnish of bonds shall Board to exceed 6% interest construction at bonds, divided will legal opinion Trauernicht, of Amortization purchaser 1949. pay will bonds on be before or Enclose to made Jan. certified a cashier's check for $3,000, to the Board of Curators. 21, entire issue or payable 1, be house bonds. bonds will be the sold, the be put into or divided Dated are the of amount $1,000 each, except the eighth bond which will be in the amount of $1,250. The will become sum of $8,250 payable on 15, 1950, and the sum of serial second issued and sold they will in be March and If serial bonds date of issue. of choice the Board. If amortization unconditional, of except as to legality which may bonds are sold and issued, the be made conditional upon the ap¬ entire issue may be put into one proving of Faegre & Benson, of single bond oy divided into Minneapolis,, whose opinion as to several bonds as the Board may legality must {be accepted by tfip determine upon at the time of purchaser. Tfre only basis of com¬ sale, both principal and interest parison of bijds will;,be that the (M-3) to b,e> payable in semi-an¬ bid' offering the lowest net in¬ nual installments during a period . may bond principal and interest (J-J) to be payable in semi¬ annual installments during a period of 20 years from the Jan. $8,250 will become same be . be serial' both purchase choice first will and several bonds, as the Board of Trustees may deter-' mine upon at the time of sale, 1949. Amortization bonds will the ■ into . the single one County (P. O. Miles), Mont. BondL Offering — J. F. Doyle, Clerk of the Board of County Commissioners, will receive sealed bids until 10 a.m. (MST) for bonds choice - bonds. 4 bonds arfc issued and MONTANA 16 No. School Board. If amortization the Custer Dec. follows: bonds the second choice of the ' on first the for the print¬ ing of the bonds. The delivery of the as Dist. $165,000 Sch. of St. court of the entire issue. shall District $175,000 not to exceed 6% interest or none of become1 due same shall by the City Treas¬ when there urer the multiple of 1/10 for all amount Will for; provided that the City Treas¬ a rate bids or % of 1%. Split permitted. Bids must be the bonds District Fund, against which said bonds are issued available there¬ to $50,000 Dec. 1, 1950 to 1964. maturing on'Dec. J, 1960 thereafter in redeemed urer Bonds and Dec. and each and all of the be Dated Dec. 1, Due sealed^ on payable on Jan. 1, 1&57, pro¬ vided, however, that said bonds of St. Louis. Bidders than (MST) and each of be and J. plus Boatmen's National interest R. P. Abbey, receive provement District No. 649 bonds. Dated Jan. 1, 1949. Bonds Nos, I to 150 will be in the amount of remaining life of the bonds so called; provided that'the premium in no\ case shall exceed 2 %%;. Principal and''interest payable the will $1,000, and Bonds Nos. 151 to 222 bids; c/o fraction the purchase of $180,000 not to exceed 6% interest special im¬ maturing in 1968, in inverse numerical order, on Nov. 1, 1953, or on any interest payment date thereafter prior to maturity, upon the giving of such notice as shall 'be agreed upon by and between the Board and the original purchaser of the bonds. Bonds so called in prior to maturity shall be redeemable at or to 6 for the 1954 to year certified payable — Clerk, bids until 8 pay and redeem bonds premium $1,750, bonds at a '' City Fields, Business Manager, Parker Hall, Rolla, until 11 a.m. (CST); on Dec. 10. for the purchase of $136,000 dormitory revenue bonds. Dated Jan. 1, 1949. Denom. $1,000. Due Nov. 1, as follows: $5,000 in 1951 to 1967, and $51,000 in 1968. The right, however, shall be re¬ served to the Board to call in, accrued sell the Enclose Great Falls, Mont. Rolla), Mo. Offerings-Leslie and to Bond Offering Cowan, Secretary Board of Curators, will par for at University of Missouri (P. O., sealed re¬ right to reject any and sale. *' MISSOURI receive of in¬ The Board above Clerk. payable to the County. Bond rate they will purchase " par. bids and check cashier's for the private within Nov. 2, by or bonds at serves 11,607 to 4,712. Enclose certified a on par bonds delivery and all bidders the authorized were election Louis, and will Frances — bonds the general of must state the lowest terest at which purchaser at The value with accrued interest to par amount or numbers, first interest. without The bonds will the numbers accrued will be sold at not less than their thereof, all of the taxable property within the territorial limits of the to indemnifying lowest and upon County." their of the payable as to both principal and interest .from ad valorem taxes be be redeemed may prior to maturity in whole or in part, but if in part only in order part "in may 1, 1954, on any due date from and after five years from date of issue and bonds which become 1950, and a day of same bonds, whether amortization or serial which mature on and after the accordance with the terms will 1, the on year thereafter until all of bonds have been paid. The March furnished without cost to the suc¬ cessful bidder. These bonds are direct and general obligations of in bonds March on amount each company der. The printed bonds and the approving opinion of Faegre & Benson, of Minneapolis, will be Charles Olmstead serial payable suitable and hall repair bonds. bonds at the general maintained by Offering—Dorothy Aubrey, purchase bonds. 2,000 village principal Bond equipment bonds. be dock & certified fighting 7,000 truck conditionad upon the unqualified opinion of Miller, Canfield, Pad¬ a fire value shall said the designated by the successful bid¬ at Minn. of dollar value of all future due cou¬ continue like to cashier's bonds to deemed coupon as follows: $8,1956, $10,000 in 1957 to 1961, $12,000 in 1962 and 1963, and $13,000 in 1964 to 1969. Bonds having stated maturity 000 or amount. if and expedient. Prin¬ cipal and interest payable at any $1,000. Due Jan. 1, fied or bids they will be in the amount of $1,000 each, the sum of $8,750 of pur¬ $200,000 building levy upon1 all > taxable property therein, such ad valorem* taxes ' as may be necessary to pay the bonds rate sale bonds. Dated Jan. 1, 1949. Denom. Oct. to all or a Clair), Minn. Bond on as of 20 years from the date of issue. will be. If serial bonds are issued and sold ma¬ days from date, of sale, or at the purchaser's option thereafter. MINNESOTA held any interest payment date on after Sept. 1, 1949, in inverse thereof and accrued interest plus premiums as follows: $30 on each the (total interest to turity less any.premium) deemed the most favorable. The Board of County Commissioners reserves the right to reject any livered authorized and required by law to will Bond to check terest cost 30 bank all of the bonds of any series, or at check cashier's or $2,250,. payable Treasurer. interest State. certified The upon. posal for the purchase of less than a the interest exempt from all taxation in the Enclose any pre¬ Bids shall be conditioned Denomina¬ to maturity, deducting therefrom mium. from (M-N) tation able to bonds 1%. The District payable at the De¬ will, furjiish ; the printed bonds troit Trust Co., Detroit. These and the approving legal opinion bonds are general obligations of, of Faegre & Benson, of Minne¬ the Village, as authorized by a apolis, both without cost to the special election held on Oct. 4, purchaser, and delivery thereof terest and interest lorem taxes 1950 be in multiple of xk of 1%. The interest rate for each coupon pe¬ riod on any one bond shall be at. one rate only. Principal and in¬ named in by law to levy 1, 41,000 Drainage bonds. Due Nov. 1, as follows: $4,000 in 1950 to 1958, and $5,000 in 1959. The, bonds .will be de¬ livered in New. York City,, or in Chicago, upon payment of amount proposal and of interest on principal -accrued to date of delivery. These bonds will be the general obligation of the City which is authorized and required Nov. 1959. total liar value of all future due bonds, divided coupon the on their date to the date of printing the bonds shall be paid by the Village. Enclose a certified check for $960, payable to the Vil¬ lage Treasurer. ; rincipal and interest (J-D) payble at the current official bank of ago, coupons opinion and of Crosse Point Woods, Mich. Bond Offering—Philip F. Al- The the total dollar value of all future due or on one improvements, advisable, but only ing The interest rate for ch payment ond Rate owner. ates of interest to be in and ditions expressed in the authoriz¬ in $475,000 in 1950 and 1951, 75,000 in 1952, $125,000 in 1953, 75,000 in 1954 to 1956, $150,000 to be Due 949, 1957 a revenues only to payment of ex¬ of operation and mainten¬ Additional bonds of equal Village Council in¬ inverse Village, to be determined by computing at the rate or rates specified in such bid, with plans and specifications, after completion, for exten¬ ance (EST) purchase of follows: as are more in interest cost to the with the bonds of this issue may be issued for full com¬ pletion of the project in accord¬ ,000,000 not to exceed 4% inpublic utility street railay, Series J. bonds. Dated Dec. 1, Denomination distribution such or date der whose bid produces the lowest standing rest 948. all on one bonds will be awarded to the bid¬ the subject a.m. the and first ance. Bond Offering—John N. aled of any numerical order at the par value payable are revenues on payment thereof and accrued interest. obliga¬ system of the Villqge, and : will the terest only.. The Fi- Mich. Controller, Village but Village bond one general a supply, penses ity any rate one not from water on the between MICHIGAN at are tion of the uthority and the Commonwealth. Detroit, period be bonds guaranteed by the pursuant to the Assistance 1%. The interest rate for each coupon mmonwealth rovisions . terest day each year thereafter until paid. " of payable on bonds such the are The bonds will be re¬ deemable terest v all in full on any in- payment date from and after 10 years. Enclose a certi¬ fied check for $8,250, payable to the above Clerk. 95,000 Libby High School Build- 54 (2274) THE COMMERCIAL ing Dist. bonds. Amortization1 ity to* the successful purchaser bonds will be the first' choice purchasers without charge. and serial choice bonds- the of the School bonds are is¬ sued and sold the entire issue bonds tees put into one divided into several' the as Board of Trus¬ determine may upon at the time of sale, both princi¬ pal and interest* (8-J) to be payable" in semi-annual in¬ Miller, Brown, Clerk, will receive sealed bids until 8:30 p.m. (EST) on Dec. 7 for the purchase of $42,000 not to exceed 6% interest coupon or registered bonds, divided as fol^ lows: Dated Dec. 1, 1948. Denomi¬ nation $1,000. The bonds stated' the amount' of " the fifth bond in the sum of $4,750 must state the lowest terest at which rate of in¬ they will'purchase the bonds of each issue at par. The Bbard of Trustees reserves the right- to reject and-to sell any and the bonds at all- bids private sale; These are" the bonds author¬ ized at the election held'on'Oct; 2. least" amount of bonds, the bonds to be accepted being those first maturing, and if two or more cept* the bidders offer to ac¬ least amount^ then offering to pay therefor the highest price; The purchaser must also4 pay an to the same bidder amount equal to the interest on T" (These are the bonds originally' the bonds accrued to the date of offered" for sale on Nov. 15, and payment of the purchase price. not sold.) The successful bidder will be fur¬ nished with the opinion of Haw¬ NEW HAMPSHIRE kins, Delafield York City, that the bonds are* and legally binding obliga*- & ■ . -y* ■ ■ Manchester Housing Authority, New Hampshire' Note Offering — feo G. Riel, Secretary, will receive sealed' bids until 10 a.m. (EST) on Dec. 1 for the purchase of $2,681,000 tempo¬ rary loan notes. Dated' Dec. 15, 1948. ^ Due Nov. 15; 1949. The proceeds of the notes will be used to pay expenses incurred or to be incurred in the development of a low valid- tions of the tified City. Wood, of New Enclose a cer¬ cashier's check for $840, payable to the City. or Bond swer, N. J. Offering—John K. Gold- Borough Clerk, will receive sealed bids*until 8 p.m. (EST) on Dec. 8 for the purchase of $43,000 not to exceed 6% interest cou¬ rent , irtterest^on said' notes the full faith and credit of the Local Au¬ thority will be pledged and the payment of the principal of and the interest on the notes will be guaranteed by the Static pursuant to. the previsions of a- Contract for Financial Assistance between the Authority and the State. validity of- the notes and' The any 1, 1954 in Due 1952 and Dated Dec. interest" date .Denomina¬ acceptable complying and with of • to 1975. the offering to 43,000 water works improvement series 430 bonds. DUe Dee: 1 follows: $2,000' in 1949* t ac¬ as of 1, by puoncatibift Hawkins, i, least same $12,000' in 1949 1958, $15,000 in 1959 to 1964V $16,000 irt 1965 to 1969, $18,000 in' 1970 to 1978, and to check for $4,000, payable' to Board of Education. Bright, N. $1,000. series V must consider constituting bonds. must a Each the single; proposal bonds 115",000 issue J. stated be borne by the bonds bid for and the rate named must be a multiple of 1/20 of 1% and must be the same state terest will cf be der. be The furnished with the bidder in bid for terms of sale to the same irt'1954, $47,000 in 1955, $49",- pay an terest date of 12,000 street 442 bonds. follows: , 1950, . least will be opinion of bonds. e n t, $1,000 Due assessment; Due $2)000 and in $1,000 1, 1949 in 1958. 22,000 series Dec. as and 1951' to - sewer assessment, series 443 bonds. Due Dec. 1, as fol¬ lows $3,000 in 1949 and 1950, artd $2,000 in 1951 to ** 1958., 19;000 street assessment, series $2,000 Dec. 1, 444 bonds. Due to 1957' and * -1958. . the . series bonds. Due $1,000 Dec. 1, 1949 to 1954. 1949 bidder with 440 441 , payment of the purchase successful $58,000' irt Dec. 1, 1949 to 1953. * 6,000 sewer assessment, price. The artd 1958.' . series equal to the in¬ the bonds accrued to the furnished 1956, Dec. 1, 1949 tp 1962; '5,000 general improv em amount on in 14,000 general improvement series 439 bonds. DUe $1,000 amount, then to the bidder offer¬ ing to pay therefor the highest price. The purchaser must also $20,920, payable to the 10C 1955, $4 000 irt 1956; $6,00" 1965; and* $2",000* irt 1957 and complying with the and offering to ac¬ accept Dec Dtier* Dec. 1/ follows: $35,000 in 194ft5 to 1952, $44,000 in 1953, $46;000 . offer Due $5:000 in 1957 to 000 amount of valid and legally binding obliga¬ tions of the City. Enclose a cer¬ tified or cashier's or treasurer's Bonds* improvement, than $46,000. As bonds, the bonds to be accepted being those first matur¬ ing, and if two or more bidders 436 follows; as as cept for the amount bid the least opinion of * series 438 bonds "" the to the bidder will u 1966. than nor more 1949; arid $18,00 2,000 general improvement series 437' bonds-.- Due $1,0 Dec. I, 1949 and 1950: 430,000' general legally acceptable pro¬ posals specifying the same rate of interest; the bonds will be sold Reed, Hoyt & Washburn, of New York City, that the bonds are for l; between delivery. No in¬ paid upon the de¬ successful amount the $45,000 purchaser must pay aecrued interest from the date of the bonds date series to acceptable proposal must Each in ' legally any follbws as 95,000'general imprdvemeri proposal bonds, which shall be not less for all of the bonds bid for. the in proposal. The to no series "43 ■ Dec. bear, and $11,000 in 1950 to 1958. will be considered which specifies a rate higher than the lowest rate the rate of interest to name to are equipment,' equipment; series' bonds. Due Dec. t, "as follows . must specify in a multiple of % or 1/20 of 1% a single rate of interest which1 the bonds $TO0 71,000 Each: proposal of Due $19,000 in 1949; $20)000' l 1950, $23,000" irt 19MV $2$r in' 1952, arid' $25,009 in IT - ough Collector-Treasurer's office; submitted bonds. bonds. Due Dec. IV the irt I960 to 1962. Principal and interest (J-D) payable at the Bor¬ as 433 Dec. 1, 1949 to 1953. ' 1, as follows: $3,000 in 1949 to 1959, and $4,000 (M-N) payable at the Clifton Na¬ tional Bank, Clifton,' or, at the option of the holder, at the Bank¬ ers Trust Co., New York City. In bidding for the bonds, the bid¬ ders Due Due Dec. 1 5,000 water works improvement Bond Offering — Henry Ren* bonds. Due Nov. r, as fol¬ shaw, Borough Clerk, will receive lows: $19,000 in 1949, $2O;O0O^ sealed bids until 8 p.m. in 1950 to (EST) on 1953, $17,000 'in DeCc:3 for the purchase of 1954 to 1958; $16,000' in 1959 $45,000 not to exceed 6% interest build¬ to 1963, $15,000 in 1964 to 1973, and $9,000' in 1974 to ing coupon or registered bonds. Dated Dec. 1, 1948. 1978. Denomination Dated Nov. 1, 1948. Denomina¬ tion $1,000. Principal and interest improvement $2,000* in 1949 t 1965, and $1,000 in*1966. 7,008 water works improvement series 432 bonds. DUe $1, " Dec. 1, 1949 to 1955. 1 Sea improvement works follows: as Valid and' legally binding obliga¬ tions of the Board of Education. Enclose a certified or cashier's Due Nov. as follows: $15,000 in 1977. 459,000 g e n e r a 1 the series 432 bonds. Delafield' & Wood, of City, that the bonds are New York 1952, and- $16,000' in-19531 431.000 school bonds. accept 1968, and $3,000 irt 1969: 35,000 water price; The successful bidder will be* furnished1 with the opinion of ^ r v to' Due Dec. follows: $2,000 in 1949* 1958; $3,000 in 1959* to 1U $2,000 in 1967 and 1968; $3; 000 in 1969, $2,000'in 197(1' 1973, and $3,000 in 1974 aft pro*-- same rate amount, then to the bidder offer¬ ing to1 pay therefor the highest beginning with 1953/ after notice Dated Oct. 1, 1948. 1953. series 429 bonds. as cept for the amount bid the least pay¬ Dec. 1, 1948. bidder amount being Maywocd School District, N. J. 1, as fol¬ Bond Offering — William lows: $3,000 in 1950, J. $1,000 in 1953, $10,000 in 1954 and 1955, Culdy, District Clerk, will receive sealed bids until 8 p.m. and $8,000 in 1956. (EST) on Dec. 8 for the purchase of "7,000 Emergency Housing bonds. $425,000 not to exceed Due Dec. 1, as follows: 6% interest $1>school coupon or registered 000 in 1949 to bonds. 1951, and $2,000 bonds. the terms of sale 76;000 water bonds DUe Nov. f, as follows: $1'5,000; in-1949' tb housing project located pon or registered bonds, divided City and/or to refund out¬ as follows:. standing notes issued in connec¬ $4,000 'Street Assessment bonds. cheek Due Dec. 1, 1950. tion:' therewith. For the City. prompt 32,000 General Improvement payment' of the principal of and in the legally posals specifying the bonds payable on posit made by the successful bid¬ Carlstadt, between di¬ offer Nov. complying with the terms of sale and offering to accept for the the 65,000 water works improvemen bonds, interest, the bonds will be sold Nov. on given . bid the bonds, the bonds to be accepted being those first matur¬ ing^ and if two or more bidders ment become amount' for City, on of each issue will be sold for not less than their par value with ac¬ crued' interest, and all bidders The after bid redeemable at par, as a whole or in part, at the option of the $i;000) except* interest (J-D) payable at the City will be' Comptroller's office. Each pro¬ of $750The' posal must specify in a multiple will bonds, amount which shall not be less than- $200,000 nor more than $201,000. As follows- 1958. or of V\ or 1/20 of 1% a single rate Jan. 15'. 1950, and' of interest which the bonds are to the sum of $4,750 will become' bear, arid rto proposal will be con¬ payable on the same day each* sidered which specifies a rate year thereafter until all of higher than the lowest rate stated' such bonds are paid. The in any legally acceptable proposal. bonds will be redeemable in Each proposal must state the full on; any interest' paymentamount bid for the bonds, which date from and after 10 years. shall not be less than $42,000 nor Enclose a certified check for more* than $43,000. As between $4,750, payable to the above legally acceptable proposals speci¬ Clerk. fying the same rate of interest, the Dated Jan. 15, 1948. The bonds bonds will be sold to the bidder payable the $80,000 emergency housing bonds. Due $8,000 Nov. 1, 1949 to which amount registered or as Monday, November 29, 1 stated in arty legally acceptable proposal. Each proposal must state A. a m Clerk* will receive City coupon vided stallments during a period^ of in combination will mature Dec. 1, 20 years from> the date" of as follows: $4,000 in 1949 to 1952, issue. If serial bonds are is¬ $5,000 in 1953 to 1956, and' $3,000 sued and sold they will - be in* in 1957 and' 1958. Principal and ' CHRONICLE sealed bids until 8:30 p:irt; (EST) on Dec. 7 for the purchase* of $T,-> 046,000 not to exceed 6% interest- Bridgeton, N. /. Bond Offering—Ivan F. single City FINANCIAL Clifton, N. r. Offering — W i 11 i Bond NEW JERSEY Board. If amortization may be bond or or second & $l;000 "• - in - Dated Dec. 1, 1948. Denom. 000: Principal and interest & Wood, of $lr(J-D) City, that the bonds payable at the City are valid and Treasurer's, legally binding obli¬ office,-or at the' option of, the, gations: of the Borough: Enclose & holder, af the Broad' Street' Na¬ certified or Hawkins, New Denomination $1,000. Due Oct. 1, as follows: $20,000 in 1949 to-1963, and, $25;- Delafield York - cashier'^ check, for of said tion tional Bank of Trentbrt. $1,000; Principal and in¬ 000 in Each" pro- ^ 1964 to 1968; Contract for Financial Assistance' terest Principal- and' $900; payable' tof the Borough; posal must" specify in (J-D) payable at the almultipleinterest willi ber approved by (A-O) payable at the of % or 1/10 of Rutherford- National Caldwell,, 1%. a single rate. Bank, Carl¬ Trentori/ N. f. Bergen County National Bank/; l&arshall, Trimble & Mitchell of. stadt; of interest which. Each proposal submittedthe bonds are¬ Hackensack. Each proposal must V^Bbnd Offering—Charles I. Mil¬ Nfew York City, te bear; and' no and; a copy" of must name the* rate of interest to proposal will': be lers-City Comptroller;, will re¬ Such attorney's opinion' will bC1 be borne by the bonds bid-for and specify in a multifj|frwbf^V or 1/20 considered' which specifies rata of. 1% a single Mf^^of/interest ceive sealed bids until 11 aattl furnished*.by the Authority to* the the rate named must be a higher than the lowest* rate multiple which the bonds staffed, successful purchaser or areVtefeear and (EST) on Dec. 2 for the purchase irt any purchas¬ of 1/20 of 1%, and must- be the Ifegally acceptable proposal no' ers without proposal Will be' tfdngWfefed of $1,217,000; not to- exceed 6%iny Each' same for all of' the charge. bonds bid/ for. proposal, must state rthe. feiest coupon or registered4 bonds; which specifier a rate highetTfran ' The purchase price amount bid- for the Nashua Housing: specified-im the lowest bonds, whifeh Authority, N\ H. the rate stated inuany- divided as follows: shall be not proposal must not be less than* les$ than $1,217,0(90: Noto Ofifferittg^-Aarort A. Hark$132,000 e m e r g e n c y housing nor more than $43,000 nor more than* $44',000. In legally acceptable proposal: $i;2i8;000: As be¬ The V. series 425 away; successful bidder will Chairman; will receive be bonds. DUe DOe: 1, tween selecting the proposal to* be' ac¬ legally acceptable, proposals sealed bids until If) a.m. furnished- with the as follows: (EST) on cepted the opinion of $5;OO0 irt 1949* to- specifying, the same rato Borough Council will of J»Dec. l fOr the purchase" of vHawkins^ Delafield & Wood; of 1969, $6,000 in 1970, and $V $1,233,- not consider terest^ the bonds will be* soRl tor proposals which New Odd! temporary loan notes. Dated York City, that the bonds 000; in 1971 to 1978: Bonds the bidder name a rate of interest higher are Valid and complying with the. Dec. 15; im Due Oct. 31, 1949. legally binding oblimaturing in 1954 to 1973; will terms of sale and than the lowest rate named in any The proceeds of the notes will be offering to ae- ; gallons of the Board of EdueatioiL. /• be subject to- redemption ascept for the amount- bid: the leatst legally acceptable proposal; and if used* tb pay expenses incurred or [ Enclose a certified or, cashier's a whole or in part in the1 in¬ two or more: such? amount of proposals name check for. to be* incurred in the bondsj the bonds-te be, verse order development the lowest, $8)500,/ payable tb the of, their maturi¬ accepted being those first rate, the proposal of¬ maftor— of a ldw-rertt housing, Board of Education. ties at the option of the City project lo¬ ing, and if two: of more- bidders-; cated" ih the City and/or to re¬ fering to accept the least amount at par and accrued5 interestof bonds offer. to accept the RSversicte School District' (P. O. (such bonds being the same t least fund- outstanding' notes issued in on Dec. first maturing 1, 1953 or any. inter¬ amount, then to: the bidder oiiet— i bonds)* will -be ac¬ RivetnS*y± N. connection therewith; For the est payment date1 thereafter cepted, unless tWo or more pro¬ ing to pay therefor the Bond Offering — William E. highest prompt payment of the principal as provided in the bonds. posals name the* lowest rate of in¬ Price. The purchaser must also of atta interest on said Link, District Clerk, will receive notes the terest 4,000 water works improvement. and offer to accept' the same pay an amount equ^l to-the sealed bids until 8' p.m. fuft' &HH and credit of the Local in-, (EST) on series 426 bonds. Due $1,000 terest on least amount of bonds- in the bonds> accruedwhich Dec. 6 for the purchase of Aufteltr will be pledged and event" to; the , Dec. 1, 1949 tb 1952. $200,000 date of payment .of the that one of such; last men¬ not to exceed 4% interest school the payment of the purchase, principal of tioned 50,000 water works- improvement", price. proposals which offers to. coupon or • ' and the interest on the notes will registered bonds. Dated series 427 bonds; Due Dee. IV V The successful bidder will pay the highest price will be; ac¬ Dec. be r be guaranteed by the State' 15, 1948. Denomination $1,as follows: pur¬ cepted. $2,000 in: "1949V to furnished The purchaser must* with the Due Jan. opinion of; pay 000: suant tb the* provisions of a Con15; as follows: 1958, and $3,000 in 1959 to Hawkins, Delafield. & accrued interest from the date of Wood of. $10,000 in 1950 to 1957, and $15,000 tmcfifer Financial Assistance be¬ 1968. New York the bonds to* the date Of , . , r City, that the* bondsdelivery. in 1958 to 1965. Principal artd in¬ tween the. Authority and the The 85,000 water works improvement are valid and successful bidder will be fur¬ terest legally binding oh-. State: The validity of said notes (J-J) payable at the River¬ series 428 bonds. Due Dec. 1, ligations ofnished with thethe City.. Enclose a* opinion of Reetft side Trust Co., Riverside. Each and Of1 said Contract for Finan¬ •"» as follows: $8,000 irt 1949' to certified" or cashier's? Hoyt & Washburn, of New. York proposal must specify iii a* mul¬ check- forcial- Assistance will beapproved City, tKaf the 1957, $4,000 in 1958, $8,000 ih $24,340, payable to the bonds are* valid arid tiple* of Vs or 1/2D of Gity. . 1% a single by Caldwell, Marshall,* Trimble 1959 to 1962, $4,000" in 1988 legally binding" obligations of the rate of interest which the ^ Mitchell of New York bonds to 1966V. $3,000 in 1967 and City, and Borough. WaUmgtori, N\ J. 't\ Enclose a* certified or are to bear and no a ^ copy of SUch attorney's opinion proposal will 1968, $4,000 ill 1969; $3,000/1*1 Bond' Offering ~ cashier's or treasurer's check for .Jacob Van be; considered which specifies a Will1 be fiirttished by the Author¬ 1970 to 1973, and $2,000 * in Hook, Borough Clerk, will receive $860, payable to the Borough. rate higher than the lowest rate 1974 , * ■ , ... , 4 , • - . . . ' . . , - - * ■ . „ ' . * and 1975. * Sealed bids until 9" p.m. (EST) on" .Volume 168 THE Number 4755 .Dec. 6 for the purchase of $20,900 interest build- of .not to exceed 6% nished New York City,, will be^ furpurchaser without the to jing cost. iregistered ier's check for -1948. Denom. $1,000, one for certified the District. reconstruction coupon or bonds. Dated Dec. 1, $900. ■Due Dec. 1, as follows: $4,000 ifi ,1949 to 1952, and $4,900 in 1953. iPrincipal and interest (J-D) payable at the Peoples Bank & Trust Bond nutted must name $1,100, payable to Offering include to exceed 4% interest FINANCIAL CHRONICLE above. registered bonds. Dated 1, 1949. Denomination $1,000. Due Jan...I, as follows:. $5,000 in coupon or and to the order of the District. pany bonds maturity based Port of New York Authority, N. Y. multiples specified Bond Offering — Sealed bids the interest accrued to date the of delivery of the interim certifi¬ cates, or unless accompanied by a deposit of money or by a certified check or bank draft. upon a sol¬ vent bank or trust company of Albany, or New York, payable to the ordeT of the "Comptroller of State of New York," for at least will be received until 10:30 a.m. bonds. able Terminal Marine $7,000,000 Due in 30 years after five and call¬ for sinking years for -all of same the 1950 \ bonds bid for. The purchase price Council . will consider not pro- and must be the same for all of the posals which name a rate of interest higher than the lowest rate named in any legally acceptable • • to bonds* ered; the The on office be. deliv¬ will bonds about Jan. 3, 1949, at or of ..Hawkins, Delafield proposal; and if two or more such '-proposals name the lowest rate, the proposal offering to accept & Wood, of New York City, or at \the least amount of bonds (such proving opinion of Hawkins, Dela¬ field & Wood, of New York City, „ bonds being two more or lowest ; first the bonds)., will ; maturing be accepted, unless proposals name the rate of interest offer and to accept the same least amount in which event that one of such last, mentioned proposals 'which offers to pay the highest J price will be accepted. The pur¬ of bonds,, such other place as may be agreed with the purchaser. The ap¬ upon without Enclose cost. ' chaser must pay accrued interest *from the date of the bonds to the ] date of 1 be delivery. No interest will paid the deposits made upon nby the successful bidder. The suc»cessful bidder will be furnished ] with the opinion of Reed, Hoyt & ' of Washburn, City, York New : that i binding' obligations of the Borough; Enclose a certified or the bonds and" le- valid are gaily f cashier's or treasurer's check for $418, payable to the Borough. NEW YORK Freeport, N. - B o n Offering d Y. — Stephen W. Hunt, Village Treasurer, will receive sealed bids until 2 p.m s • on Nov. 30 for the purchase $250,000 not to exceed 5% in1948, series (EST) , ' of £ terest electric. system, ■•; J, coupon bonds. registered or Dated Oct. 15, 1948. Denomination Bond State (State of) Offering—Frank C. Moore, Comptroller, fund purposes. General of the State, gality of such bonds certificates to the le as and interim their receive (EST) purchase of $51,450,000 not to exceed 4% in¬ terest housing bonds. Dated Dec. 1, 1948. Bonds will be issued in coupon form in the denomination of. $1,000 and in registered form in denominations of $1,000, $5,Nov. 30 for will the Ramapo (P. O. Suftern), N. Y, Bond Offering—Robert W. Nu¬ Town will Clerk's the bonds delivery upon of the interim certificates by deposit in the Bank of The Manhattan Co., New York City. Niskayuna- U nion Free Sch. Dist. No. 5 (P. O. Niskayuna), N. Y. Bond Offering Loucks, District ceive sealed — Raymond Clerk, bids at will F. re¬ the office of ' • - Holland f Cold en and Wales Central the provisions of Sections 1, 2 and 3 of Article 18 of the State Con¬ School District - (P. 1 O. stitution. Chapter 946 of 1939, as amended, Holland), N. Y. - r No* Bond Offering—Beverly Beardsell, District Clerk, will receive [ sealed bids until 11 a.m. (EST) on Dec. 7 for the purchase of $55,000 .not to exceed 5% interest build- > . - ing addition, 1948 coupon or regis-* tered bonds. Dated Dec. 1, 1948 Denomination $1,000. ras follows: $2,000 in Due Dec. 1, 1949 to 1953, Prin- $3,000 in 1954 to 1968. I and cipal and interest (J-D) payable at. the Manufacturers and Traders of the Laws Chapter. 827 1941, Chapter 278 of the Laws of 1944, Chapters 395 of the Laws of 411 and of Laws the of 1945, Chapter 234 of the Laws of 1946, and Section 60 of the Fi¬ State Law, for the purpose of providing moneys out of which to make loans to cities, towns, vil¬ lages and authorities for and in aid of low-rent housing for per¬ sons of low income as defined by nance Trust Co., Buffalo. Rate of to be in • multiple of Va or interest 1/10 of 1%, and must be the same for all of the bonds. Bonds maturing in 1902 to 1968, may be called in and redeemed on payment of the par value thereof and accrued interest i on j any interest payment date prior to maturity in the inverse order of their numbers by giving r • . the notice required by the Local Finance Law; however, none of such bonds shall be redeemed . prior to Dec. 1, 1949. Said bonds Bond Offering — O. J. Marlett, sealed (EST) on Dec. 3 for the purchase of $100,000 not to exceed 5% interest construction coupon or registered bonds. Dated Dec. 1, 1948. Denomination $1,000. Due Dec. 1, as follows: $4,000 in 1949 to 1958, and $6,000 in 1959 to 1968. Principal and interest (J-D) payable at the Bank of Jamestown, Jamestown. Rate of interest to be in multiple of Va or 1/10 of 1%, and must be the same District Clerk, will receive bids until 4 p.m. for all the of bonds. The bonds ning, reconstruction and rehabili general obligations of the Dis¬ trict, payable from, unlimited ad valorem taxes upon real property. tation of The successful bidder will be fur¬ law, for the clearance, replan- or ' ! bonds of 1/10 substandard and insani¬ tary areas, or for both such pur¬ receational and other facilities, incidental or ap¬ purtenant thereto. Bidders may condition their bids upon the award to them of all but no part of the entire $51,450,000 bonds, and the highest and poses, bidder none" on will for basis the be the one of "all whose or bid are nished with the opinion o'f Reed, of for such other place as may be limited about Treasurer's office. bonds will delivered be to be to (J-J) interest at the First Trust and bid for the Prin¬ payable Deposit Co., Said bonds will be de¬ at such other place as may be agreed with the purchaser about Jan. 5, The 1949. approving opinion of Sykes, Heckler & Galloway, of New York, will be Vandewater, furnished out the to purchaser with¬ Enclose cost. a certified or cashier's check for $2,390, payable to the Town. Village, Bay Bond Ohio Offering—Glen Gan- Dec. 6 for the 3% purchase of $74,600 improvement coupon street bonds. Dated Dec. 1, 1948. Denom. $1,000, one for $600. Due Dec. 1, as follows: $6,600 in 1950, $8,000 in 1951, $7,000 in 1952, $8,000 in 1953, $7,000 in 1954, $8,000 in 1955, $7,000 in 1956, $8,000 in 1957, $7,000 in 1958, and $8,000 in 1959. Bidders may bid for a different rate of interest in a multiple of of 1%. Principal and interest (J-D) payable: at the National City Bank, Cleveland, Rocky Va River office. State from Printed The bonds local and bonds are free taxation. and Squire, San¬ ders & Dempsey, of Cleveland, approved opinion furnished to the purchaser at the expense of the Village. Enclose a certified check the Bond Offering — Dec. for at such other be speci¬ may No bid will be accepted for maturities- Bidders sep¬ shall Enclose amount of gross bond or certified check a for 1% of the bonds bid City ■ Logan ), 3 will receive (EST) on purchase of $9,200 Auditor, the noon of street said bonds will be of the de¬ O. Ohio Offering — Noel North, of Education, will bids until noon Bond Board Clerk sealed receive (EST) on Dec. 1, for the purchase $100,000 6% construction bonds. $6,500 and $7,000. Due Jan. 1, as follows: $6,500 in 1951 to 1960, and $7,000 in 1961 to 1965. Bidders may bid for a of Denominations different tiple of interest in. mul¬ rate Va of Interest J-J. 1%. of will bonds The be sold the to highest bidder at not less than par of all upon and the bid for bid and bids All of bonds number the state may number or any issue. this of bonds must Bids interest. accrued and be made amount of gross date interest to accrued The bonds are issued under the authority of the laws of the State, and of Section 2293of delivery. of the and in accordance with a the of Board Edu¬ of These bonds the general Enclose Nov. 2. on the of Code General State, 28 a cer¬ tified check for $1,000, payable to the Board of Education. Euclid Lyndhurst and South District School (P. O./ Euclid), Ohio South Bond Offering—Gail O. Sheats, Clerk-Treasurer the of Board of Education, will receive sealed bids until 8 p.m. (EST) on Dec. 7 for purchase of $900,000 3 % build¬ ing coupon bonds. Dated Dec. 15, 1948. Denomination $1,000. Due $19,000 June and $20,000 Dec. 15, 1950 to 1969, and $20,000 June and Dec. 15, 1970 to. 1972. Bid¬ ders may bid for a different rate of interest in multiple of Va of 1%. the The bonds Interest J-D. able from are pay¬ unlimited taxes at the Board's legal depositary, presently the Cleveland Trust Co., Cleve¬ The land. the bonds will highest bidder interest lowest sued improvement coupon bonds. Dated Nov. 15, 1948. Each 3% School District (P. Local Falls than par and Harry E. Mer¬ for, pay¬ able to the Village. election L. yard, Village Clerk, will receive sealed bids until noon (EST) on urer's as the bids of bonds the successful bidder without cost. resolution bids until or and cation passed Nov. 3. were authorized at OHIO sealed place All number bid and accrued interest to date of livered at New York, N. Y., or lin, office, value thereof interest. the state must Liverpool. purchaser is Dec. 15, and delivery and The bonds will the highest bidder for to accrued and Village the at not less than the par bid bonds. the will be made at the District Treas¬ time taxes be sold Hoyt & Washburn, of New York City, that the bonds are valid and for $750. * binding obligations of the District. Bowling Green, Ohio The approximate time when the figures the lowest interest cost to fied by the purchaser, with the the State after deducting the consent of the District Treasurer. amount of premium bid, if any. Each bidder must, as a condition arate $100, payable :.•/ bonds nomination of not less than $920.: precedent to the consideration, of Due $920 May and Nov. 15, 1949 his bid, deposit with the above to; 1953. Bidders may bid for a agreed with the purchaser about certified or cashier's different rate of interest in mul¬ state clearly in their proposals the Clerk * a iDec. 30, 1948. The approving opin(M-N). The ion of Wood/ King and Dawson, J amount and price for each $100 check for $2,000, drawn upon an tiple of Va of 1% will be delivered at New York, or 'at certified a City. ••./ or on and must be 1%, all of cipal and " _ to the for , amount ■ under Enclose or bond of date to delivery. Issued under the au¬ thority of the laws of the State, years. The Town operates under particularly the Uniform Bond the Town Law. The approving Act and pursuant to Ordinance opinion of Hawkins, Delafield & No. 161, adopted May 11, 1948. Wood, of New York City, will be No conditional bids will be re¬ The approving opinion of furnished to the purchaser with¬ ceived. Shaffer & out cost. Enclose a certified or Peck, Williams, of cashier's check for 2% of the Cleveland, will be furnished to same issued delivery. interest purpose for which the indebt¬ edness is to be contracted is 15 or published in at least two legally binding obligations of the printed in New District, all the taxable real York City and one in Albany. In¬ property within which will be be the to gross amount check Roy W. newspapers will sold or thereof bonds the accrued The office. delivered be daily Said and and of be $1,000. Due Oct. 15, as follows: terest shall cease to accrue on subject to the levy of ad valorem $45,000 in 1949 and 1950, $50,000 bonds called for redemption, from taxes to pay said bonds and in¬ in 1951 and 1952, and $60,000 in and after the date fixed for the terest thereon, without limitations .1953. Principal-and interest (A-O) redemption thereof. Principal and as to rate or amount. The bonds ..payable at the First National Bank interest (J-D) will be payable in will be delivered at New York, ; & Trust Co., Freeport. Rate of in¬ lawful money at the Bank of The N. Y., or at such other place as terest to be in mulitples of Va or Manhattan Co., New York City. may be agreed with the purchaser, 1/10 of 1%, and must be the same The bonds issued in coupon form about Jan. 7, 1949. The approv¬ -for;all of the bonds. The bonds may be exchanged for bonds reg¬ ing opinion of Vandewater, Sykes, ; will be delivered at New York, istered as to principal and inter¬ Heckler & Galloway, of New York .N. Y., or at such other place as est. Bonds in registered form may City, will be furnished to the may be agreed with the purchaser not be converted or reconverted purchaser without cost. Enclose a about Dec. 15, 1948. The approv- into coupon form. Bidder to name certified or cashier's check for !'. in# opinion of Vandewater, Sykes the rate or rates of interest which $16,600, payable to the District. .Heckler & Galloway, of New York the bonds are to bear in a multiple City, will be furnished to the pur- of Va or 1/10 of 1%. No more than North Harmony Union Free School District No. 3 (P. O. chaser without cost. Enclose one rate of interest shall be Ashville), N. Y. certified or cashier's.. check for named for any single maturity t bid fbr bid for, Peters, 514 State Street, payable to the Town. Schenectady, until 2:30 p.m. Salina (P. O. Liverpool), N. Y. 000, $10,000 and $50,000, at the op¬ (EST) on Dec. 2 for the purchase tion of the purchaser. Bond Offering — George L. Due $1,- of $830,000 not to exceed 5% in¬ 050,000 Dec. 1, 1950 to 1998. The terest School, 1948 coupon or reg¬ Traister, Town Supervisor, will receive sealed bids until 10 a.m. Comptroller reserves to the State istered bonds. Dated Nov. 1, 1948. the privilege of redeeming, at par Denomination (EST) on Dec. 2 for the purchase $1,000. Due Nov. 1, and accrued interest, on Dec. 1, as follows: $40,000 in 1949 to 1962, of $119,500 not to exceed" 5% in¬ 1988, or on any interest payment and $45,000 in 1963 to 1968. Rate terest sewer, 1949 coupon or reg¬ date thereafter, all of such bonds of interest to be in a multiple of istered bonds. Dated Jan. 1, 1949. then outstanding, or all of the Va or 1/10 of 1%, and must be the Denomination $1,000, one for $500. bonds of a single maturity begin¬ same for all of the bonds. Prin¬ Due Jan. 1, as follows: $5,500 in ning in the inverse order of their cipal and interest payable at the 1950, $5,000 in 1951 and 1952, and Rate of maturity, upon not less than 30 Schenectady Trust Co., Schenec¬ $4,000 in 1953 to 1978. nor more than 40 days' notice tady. The bonds will be valid and interest, to be. in multiples of J/4 $5,000 payable to the Village. be and accrued interest. All bids must state the number of bonds the and issue, will sealed bids until 12.30 p.m. on will Chardon, Ohio ; Bond Offering — Anna Clause, ;Village Clerk, will receive scaled bids until noon (EST) on 3% water works improvement bonds. Dated June 1, 1948. Denomina¬ sued pending the delivery of de¬ 15, as follows: $10,000 in 1950 to Due $1,000 April and finitivebonds. Such certificates 1962, and $5,000 in 1963. Rate of tion $500. will be ready- for delivery on or interest to be in multiple of Va or Oct. 1, 1949 to 1955. Bidders may about Dec. 1, 1948. . The unquali¬ 1/10 of 1%, and must be the same bid for a different rate of interest fied Interest approving legal opinion of for all of the bonds. Principal and in multiple of Va of 1%. A-O. The bonds are payable from Nathaniel L. Goldstein, Attorney interest (J-D) payable at the for New York au¬ par certified a bonds The regularity of Dec. 15, 1948, at the office of furnished to Hawkins, .Delafield & Wood, of the successful bidder upon deliv¬ New York City, or at such other or cashier's check for 2% of the ery of the interim certificates to place as may be agreed upon with amount of bonds bid for, payable him. The successful bidder or the purchaser. The period of to the Village. bidders will be required to pay probable usefulness of the object purchaser will be furnished to the the highest bidder for not less than gent, Town Clerk, will receive sealed bids until 3.30 p.m. (EST) 1957; and $6,000 in <1958. on Nov. 30 for the purchase of Principal and interest (J-J) pay¬ 2% of the par value of the bonds $135,000 not to exceed 4% interest t specified in the proposal must not able at the Great Neck Trust Co.* the less than $20,900 nor more bid for. No interest will be al¬ incinerator, 1948 coupon oir regis¬ Great Neck. Rate of interest to be lowed u£Oh the good faith check. tered bonds. Dated Dec. 15, 1948. ;than $21,800. In selecting the pro-; in multiples of Va or 1/10 of 1%, Interim certificates will be is¬ Denomination $1,000. posal to be accepted, the Borough Due June be the inust : under and of the Uniform Bond Act and in accordance with an ordinance ; of the City, adopted Oct. 6, 1947, (EST) oh Dec/7 for the purchase of issued are thority of the laws of the State, ,, than Jan. 55 each of upon amount of equal face No bid will be accepted for less the par value of the bonds ; 1949 sewer an bonds Thomas W. — & bki for; which will be deemed to ] incorporated bank or trust com¬ v / 1, for the purchase of $46,000 not the rate of in¬ multiple of 1/20 of 1 % and a | cash¬ re¬ ceive sealed bids until 3 p.m. Dec. terest to be borne by the bonds! 'i bid for and the rate named must be or Fitzgerald, Village Clerk, will Co., Passaic. Each proposal sub- . a Kensington, N, Y. - • Enclose COMMERCIAL under rate be sold to offering the not less at accrued interest. Is¬ authority of the the laws of the State and of the Uni¬ form bonds Bond Act. authorized election on Nov. 2. These at are the general The proceed¬ the ings looking to the issuance of the bonds have been taken under the supervision of Squire, Sanders & Dempsey, of Cleveland, whose ap¬ proving opinion together with the printed bonds will be furnished at the expense of the District. En¬ close a certified check or bond for 56 (2276) $9,000, payable the to Clerk-Treasurer of H. the (P. O. Arthur, of Board Education, will receive sealed bids k County Superintendent of School's office, Springfield, until noon (EST) on Dec. 9 for the pur¬ chase of $200,000 1 Vz % construction and equipment coupon or registered bonds. ; Dated Dec. 1, 1948. Denomination $1,000. Due Dec. 1 as follows: $9,000 in 1950 to 1957, and $8,000 in 1958 to 1973. Bidders may bid for a different rate of interest in multiple of of Principal and interest (J-D) 1%, payable at the office of the de¬ positary of-the Board of Educa¬ tion, presently the Lagonda Na¬ tional Bank, Springfield. The bonds are supported by an unlim¬ The bonds will be sold ited tax. to the highest and best bidder for and accrued in¬ not less than par state the number of bonds bid for and the bids All terest. must amount of bid and accrued interest to date of delivery. All gross bids must be in the form of blanks to furnished be the by Clerk-Treasurer. above of award The tiie sale of the bonds will be made at meeting of the Board of Edu¬ (EST), on the a cation at 7:30 p.m. The date. above will bonds be delivered to the purchaser or pur¬ chasers at such banking house in may be agreed upon. The cost of printing the bonds to be paid by the Board of Springfield, Check Enclose bond or amount of certified a 1% for the of bonds to be sold, pay¬ able to the Board of Education. Milford, Ohio Offering—A. E. Bond Snyder, Village Clerk will receive sealed . bids until for the (EST) noon Dec. 10 on purchase of $120,000 3% improvement bonds. water works .VDated Dec. 15, 1948. Denomina¬ tion $1,000. Due $4,000 Dec. 15, The bonds 1950 to 1979. able limited from Milford National are taxes pay¬ the at Milford. Bank, .Bidders may bid for a different rate of interest in multiple of 14 of 1%, Interest J-D. issued are The bonds under the authority of general laws of the State, particulary the Uniform Bond Act of the General Code, and pursuant the to Ordinance the No. 29, Village Council bids must bonds the for and bid of terest to bonds will date and number the less not than and all bids. No the par conditional bids will be received. The approv¬ ing opinion of Peck, Shaffer & Williams, of Cleveland, will be furnished to the successful bidder without cost. certified bonds Enclose check bid for bond a 1% of the to the payable upon, or Village. New and of Carlisle-Bethel Education, presently the Lagonda National field. the The Bank, bonds will School District less than par and accrued interest. All bids must state the number of bonds bid .for of bids amount terest to date of be must in the and and gross in¬ accrued form of. blanks (P. Treasurer. Clerk- above the The award of the sale will bonds be made at a meeting of the Board of Education at 7:30 p.m. date. (EST), the above on The bonds will be delivered 0 fc '• # « t» bonds be to sold, payable to the Board of Education. Sandusky, Ohio Offering—C. F. Breining. City Treasurer, will receive sealed bids until (EST) on Dec. 13 for the purchase of $19,000 !Vz% street improvement coupon bonds. Dated Dec. 15, 1948. Denomi¬ nation $1,000. Due Dec. 15, as follows: $1,000 in 1950, and $2,000 in 1951 to interest Third 1959. (J-D) rate multiple of y4 have been may of of and at Exchange Bidders different a payable National Sandusky. Principal under dividend fill cn has the thority of the laws of fif'v declared 24/1948 to stockholders of business December 2nd. M. - cents <50ci *"r of the D?ceir.b:v stock payable record at the close of the State in accordance with resolution of a the City passed Nov. 8. The bonds will be sold to the highest bidder for the not less than thereof and accrued value par interest to date of delivery of the bonds. En¬ close a certified <-heck for $500, payable to the City. Treasure". THE SUPERHEATER COMPANY « * O fr Bond Clerk will extra Offering—R. of the receive Board N. Perkins, of Education, sealed bids ■ until 7 (EST) on Dec. 15 for the purchase of $100,000 3% land ac¬ quisition and athletic field de¬ velopment bonds. unlimited Dated $5,000 June 1959, Dec. and tax coupon Principal 1, Due 1950 to interest and (J-D) payable at the First Na¬ tional Bank, Bellaire. Bidders may bid for in a a different rate of interest multiple of y4 of 1%. The interest. All bids must state the number of bonds bid for and the gross amount of bid and date of deliv¬ The proceedings looking to bonds have Cleveland, whose approving opin¬ ion together with the printed will be provided These expense. authorized at at the the bonds general on Nov. 2. Enclose a cer¬ tified check for $1 000, payable to the District. ,, , T on ConpMny his « of thirty-*!*1* cents the outstanding stock of the b~en declared navnb'a D'ceivb-r aU 24. 1948 to Stockholders of record of business Decemb^ 2r-t / V M. at the clo.e SCHILLER. Tr<"uir«~, interest District, Okla. — J. S. Kuntz, bids 8 to the rate mese bidder in' cash «r»ial to 2% with its or his pon and equipment 1% % cou¬ registered bonds,/Dated Dec. 1, 1948. Denomination $1,000. 1. as follows: $12,000 in 1950, and $11,000 inU951 to 1973. certified be ef¬ cashier's or payable to $2,800, the East Chambers Con. Ind. Sch, Dist. (P. O. Winnie), Texas Bond Offering Superintendent sealed (CST) O. H. L. Wheat, — of Schools, bids until 8 will p.m. Dec. 7 for the purchase on $250,000 not to exceed 4% terest school house bonds. in¬ Dated Nashville), Tenn. Dec. 10, 1948. Denomination $1,Offering — Litton Hick¬ 000. Due Dec. 10, as follows: $2,will receive 000 in 1949 to 1955. $14000 in Bond County Judge, man, sealed bids until (CST) noon on Dec. 8 for the purchase of $500,00p not to exceed 3% interest rural school elementary series building, Dated bonds. sec¬ Oct. 1, 1956 to 1959, and $20,000 in 1960 to 1968, Principal and- interest (J-D) payable at the place se¬ lected by the purchaser. Alter¬ of Trustees to sell the bonds l°west interest cost that 1968, and $30,000 in 1969 j wiij bring a price of approxiPrmcipaL and^interesti mately, but not less, than par and payable at■ the Chemical j accruecj interest. Bidders are reTrust Co., New York City. quired to name the rate or com¬ j. Bank & are requested to name the bination rate of interest in or multiples of % Any rate of inter¬ 1/10 of 1%. will est rate coupon bid on and of with rates their which is nearest par and interest. apply to the entire issue. The bonds will be awarded rate. premium will be place at made such must be in District multiple of will Vs of check 2% of the tified the Finance receive — Colorado Lower Tenn. Chas. H. Rus¬ Commissioner, sealed bids until will receive a.m. (CST) chase of noon interest on said from a bonds shall special fund derived from the the net revenues operation of the water and sewer system in all respects to the revenues tem for of the pledge of the of the water works sys¬ the outstanding portion an naming cost tov the less the amount of prernium cified. ; to reject any that event spe¬ The>City*fetam^'the right all or the unacceptable bids the to in the thereof terms City. be The bonds will be delivered to the cessful bidder on suc¬ 1, bonds 1949. The from the net works before March or payable are earnings of the water of system the City. The bonds which will be issued under the provisions of Chapter 8 of the amended, will indebtedness Article State the the of meaning of provisions City by mortgage lien water law, thereto, lien similar be existing gage liens. is to pay as existing the im¬ betterments which, created, fifth be but, the on and shall shall within statutory a including works, as an constitutional any limitations, or provided 12, Code, constitute not in priority to mort¬ statutory The successful bidder the cost of securing the approving opinion of Chapman & Cutler, of Chicago, ?nd the cessful the bidder is signature. check for Enclose ready certified a payable $2,500, suc¬ furnish to forms bond necessary for also to the City. WISCONSIN Whitewater, Wis. Bond City Offering Clerk, — will bids until 3 p.m. Lois Gnatzig, sealed receive on Dec. 7 for the purchase of $65,000 not to exceed vided 2 ('2% (CST) interest bonds, di¬ follows: as $50,000 and Construction Sewer Improvement bonds. Due Dec. 1, $5,000 in follows: as 1949, $9,000 in 1950, $10,000 in 1951 and 1952, and $16,000 in 1953. 15,000 Water Works System Ex¬ tension bonds. Due $3,000 Dec. 1, 1949 to 1953. -Dated tion in be Dec. Denomina¬ 1, 1948. $1,000. Rate of interest to be multiple of V4 of .1 % and must a the same of both issue. for all the bonds of (J-D) Principal and inter¬ payable at the Commercial & White¬ Savings No bid will be Bank, Whitewater. Dec. 15 for the pur¬ considered for less than all of the bonds of both issues and no less for considered bid than will be All other things being equal, $3,050,000 revenue bonds. Offering Bond preference VIRGINIA Parkersburg, — Carlton will given be bid of par and accrued W. Va. E. which better to the interest or specifies the lowest , Welch, bids papable interest Authority Authority bids until 10 sealed on WEST Due July 1, 1950 to 1978. The principal the in par. will bonds. Dated Jan. 1, 1948. and River Offering—The (CST) on Nov. 30 for the purchase of $700,000 water works and sew¬ er lowest est (P. O. Austin ). Texas Lafolette, sell, cashier's check for $5,000, or Bond Offering interest City, said cost to be determined by computing the total interest charge over the life of the bonds water of the bonds. Bond additional hold¬ of will be sold to the bidder the payable to the District. value face respective surrender uniform bid blanks. Enclose a cer¬ may for in 2% of the prin¬ cipal amount thereof. The bonds 1%. furnish of be mutually agreed upon between the purchaser and the County. Enclose a certified as or part amount equal to the and time the upon Any rate or rates named The the No bid at less than par will will the to pay ers bonds lowest such on whole in bid accrued printed bonds, a copy of the pro¬ ceedings, the approving opinion some recognized market attor¬ be considered. The legality of the ney selected by the purchasers, bonds will be approved by Cald¬ and will deliver the bonds to the well, Marshall, Trimble & Mitchell, bank designated by the purchasers of New York City, whose favor¬ withodt cost to them. It is antici¬ able opinion will be furnished pated that delivery can be ef¬ the purchaser or purchasers with¬ fected in approximately 60 days. out charge. Delivery of the bonds All bids must be submitted on the highest in time nate 15. ^A'?? in,i?5tI0J,95.8't Board \nnJo ? 12S Xaa ?' 1964 to Bidders 1958, to numerical order, and should any of said bonds be re¬ deemed prior to maturity, the City proposals will'be considered 1948. Denomination $1,000. Due with 10-year option of redemoOct. 1, as follows: $10,000 in 1949 tion. It is the intention of the i?. 1, time inverse provements No. 2 of or Due Dec. It is antici¬ can approximately 60 days. for Jan. from or bonds to the delivery a receive ond furnish County equivalent (P. will bid Chambers County, TENNESSEE County mul¬ District. of the amount of his interest is subordinate and junior construction check bid works for in Enclose after r-t designated by the purchasers fected bid. Davidson in uniform a will deliver the that Nov, 16, Each submit shall sum a on rvi bid All bids must on District The pated the bonds authorized at are be must without cost to them. Due City; however, both principal and 3 named submitted bank bidder the election held Ai their Any rate or combination rates and offering the lowest of interest and agreeing to par and accrued interest, pay 4-1-* with a copy Of the pro¬ the approving opinion of some recognized market attor¬ ney selected by the purchasers, building, site acquisition bonds. x,or- COi?1j *tfirh ' printed bonds, p.m. Bond Offering — Paul C. Price, Clerk-Treasurer1 of the Board of (EST) on Dec. purchase of" $265,000 rates ceedings, Education, until improvement from noon Bidders are re¬ %*rvTACT of interest. be $35,000 in 1952 to 1958, and $30,000 in 1959. / The bonds will be sold be Springfield Loctl School District, /\4- /\m blank. School receive lowest 1, 1948. Dec. KiMrtri be price of approxi- acSru€d "iterest. ^am<: of until « dividend share the of sold, pay¬ (CST) on Dec, 6 for the purchase $275,000 not to exceed 3% /°a p.m. the An psr 1 % Education/ will receive sealed bids Dividend No. 178 o for bonds to be Offering (A-O) Ohio « Lawton Bond A Shadyside Exempted Village School District, Ohio cost mately, but not less than, par and tiple o'i Vh of 1%. au¬ 19-8. SCHILLER, of the Board of Education. a and of the Uniform Bond Act and were outstanding been bond or OKLAHOMA bid for the that will bring a interest check amount able to 1%. The bonds issued lowest the at bination . the in Dec. follows: $1,000 in 1949, $4,$5,000 in 1957 as bonds agreed be may —. Bank, interest bonds. Due which is nearest par and accrued . noon election quarterly share ■Company Education. and Bond house 1948. 10, to blanks of of the 10, school Dec. 000 in 1950 to 1956, of printing the paid by the Board j These bonds were! certified check ot Dated will cost be will bonds if as The will authorized at the gen¬ eral election on Nov. 2. Enclose a bond for 1 % interest 4% bids must form bonds Board's « All Clerk of the Board of or Herbert, authorized at the general election Nov. 2. Enclose a certified been taken under the supervision of Squire, Sanders & Dempsey of Dividend No. 177 bids rate printing the bonds will be paid by the Board of Education. These were Texas Offering—Allen purchase of $140,000 not to exceee. date on of the issuance of these THE SUPERHEATER COMPANY the Springfield, purchaser or purchasers at banking house in Springfield, may be agreed upon. The cost as Bond of to to the ery. NOTICES Split in such Education, will receive sealed bids DIVIDEND interest considered. upon. . of School District, ' bonds of amount gross accrued made of the the and be plication to number Bank, New York City. maturing in 1959 to 1971, optional for redemption by the City prior to maturity on any interest payment date on or shall 1962, $6,000 in 1963 to 1967, $7,000 in 1968 to 1972, and $8,000 which will be furnished upon ap¬ in 1973 and 1974, Principal and in¬ plication to the above Clerkterest (J-D) to be payable at place Treasurer. The award of the bonds Al¬ will be made at a special meeting preferred by the purchaser. ternate proposals will be consid¬ at 7.30 p.m. (EST) on the above ered with 10-year option of re¬ date. The bonds will be deliv¬ It is the intention of ered to the purchaser or purchas¬ demption. ers at such banking house in the, Board of Trustees to sell the be ,t the delivery. bonds accrued O. and not delivery. All bids the for bid which will be furnished upon ap¬ accrued interest to of to highest and best bidder for not Snrinofield), Ohio Bond Offering—Edith Barnhart, Clerk-Treasurer of the Board of A Spring¬ be sold bonds will be sold to the highest bidder, at not less than par and Local bid 1%. Board of National Bonds and accrued interest. All bids par Principal and in¬ terest (J-D) to be payable at the office of the depositary of the in¬ value thereof and accrued interest, but the right is reserved to reject any V4 TEXAS Bridge City Independent Springfield. The President of the Board of Trus¬ bonds will be sold to the highest tees, will receive sealed bids until and best bidder for not less than 8 p.m. (CST) on Dec. 8 for the of 1964, Monday, November 29, 1948 a Bank, of of accrued (J-D) must, state gross delivery. The sold to the highest may interest in multiple of $15,000 in 1965 to 1973. Bidders may bid for a dif¬ ferent rate of interest in multiple of be bidder for adopted by Nov. 16. All on state bid ■amount to bid for CHRONICLE 1%. tional 1, as follows: $16,000 in 1950 as Education. . Dec. the at of office, Springfield, until (EST) on Dec. 9 for the pur¬ chase of $375,000 Wz°/o construc¬ tion and improvement coupon or registered bonds. Dated Dec. 1, 1948. Denomination $1,000. Due FINANCIAL & different lk Principal and interest payable at the First Na¬ rate of noon Springfield), Ohio Offering—D. Bidders County Superintendent of School's . Mad River Local Sch. Diet. the at above Clerk-Treasurer. Bond COMMERCIAL THE 7 Mayor,^wiil (EST) on Dec. receive sealed until 10 for a.m. the water purchase works of $250,000 system revenue $1,000. Due rate be of of interest. the the direct Said bonds general City and are will obligations being issued bonds. Denomination subject to the approving opinion 1, as follows: $1,000 in 1954, $2,000 in 1955 and 1956, $4,000 in of Jan. 1957, $6,000 in 1958, $8,000 in 1959, $10,000 in 1960 to 1964, $12,000 in 1965, $15,000 in 1966 to 1968, and $20,000 in 1969 to 1974. Principal and interest payable at the State Sinking Fund Commission's office Chapman & Cutler, of Chicago, which furnished opinion will be to the successful bidder at the ex¬ pense of said City. The purchaser shall furnish the printed his own expense. tified check for $3,000, ($98,000) of the issue of Water in. Charleston, or at the option of Revenue bonds dated Nov. 1, 1940. • the holder thereof at the Chase- the City Treasurer. bonds at Enclose a cer¬ payable to