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B(JS. ADSj.
UBRARy
Volume 162
Number 4435
New York,
N. Y., Monday, November 5, 1945
General
RAILROAD
Aer
>rp.—Common
iioiied
Stock
Offered—As
Ames, Emerich & Co., Inc.,
Dei^psey & Co. on Oct. 24 offered 176,025 shares of
and
stock ($1 par) at $9.25 per share.
common
offered
100,000
being sold by the
025 by certain individuals. ^
;
:
HISTORY
1944,
in
Owen.
are
AND
BUSINESS—Company
Massachusetts,
Stanley
Green
being
formed
John
and
M.
and 76,-
for
by
the
Dec.
20.^
-
the
of
Myron
purpose
of
ail the outstanding capital stock of Aerovox Corp. (New
York! and continuing Its business.*
Between Dee. 20,- 1944 vand Feb.
2,-,1945, the company -sold and issued 200,000 shares of its common
stock ($1 par) to the organizeis and other subscribers, all of whom
jpaid 32.50 per share or an aggregate of .$500,000,
The sum of
$500,000 together with the sum of $1,020,000 of a loan in the sum
of $1,125,000 obtained by the company from the Bankers Trust Co.,
New York, was used to. purchase the outstanding capital stock of the
predecessor corporation from S. I. Cole, Emanuel Cohen and Samuel
Siegel for
a
total
consideration
of $1,520,000.
The approximate
book value of the predecessor company's capital stock at the date of
the acquisition was $1,170,000.
On April 11, 1945; all the assets of the predecessor, including name
and good will, were transferred to the company, subject to all liabil¬
ities, whereupon the predecessor was liquidated.
The company has been engaged
in the manufacture and sale of
Various types of capacitors, known also as fixed electrical condensers;
since
1922.
Company's subsidiary,
Aerovox Canada, Ltd.,
was or¬
ganized on May 27, 193.7 and .is engaged in, the same business in
Hamilton, Ontario, Can,,
■ >.'
"
'
f
Capacitors are electrical devices consisting of two or more con¬
proceeds
is
the
the
(or
company
its ordinary
from
the
in
made, then all of
working capital of the
the
the
event
sale
that
proceeds
INSURANCE
-
of : the- shares
the
will
be
-
GIVING
■>
$1
There
value
par
EFFECT
TO
was
stock
PRESENT
outstanding
of
June
30,
1945
Outstanding
demand
a
300,000 shs.
L;
note
payable
$350,000
in the amount of $1,025,000.
UNDERWRITERS—The names of the underwriters -and
of shares to be purchased hv epch of them follow:
*
,
Shares
•
the
p! Based
Name—
7,000
5,000
Hirsch
Mason Bros.
5,000
*vrr
Co.
&
^
.20,000
__
——
Cornnany, Tnc._-_w
20,000
Courts
Bond <5r Goodwin, Inc......
,15,000
Taussig, Day & Co., Inc..
xjaxtji-, Simonds & Co.____
Cohu & Torrey...
10,000
Sidlo,
A. M.
10,000
—V.
10,000
Kidder & Co..
Loewi &
'
"
:
Co
4,025
Simonds,
J.
..
Hilliard
B.
&
Son-
2,500
1,500
,
.
.
and
to
back
hold
rents .of
separated
by
low
frequencies
higher
while
frequencies
of
to
pass.
Substantially
all
electronic
New
cir¬
*'
^*'7
'"•
'*'"*■
,4'
'
'*
'
*
*<
•
,
*
\>.f ■*
,,r>
J
Boston
SUMMARY
■
'
•
.
-
Net Sales
,
$1,099,208
1,576,853
3,229,381
6,199,979
..
1941~~II_—
1942
;
;1943i^——t- --.
'
1944....
'1945
(6
I:
Stock
Exchange.—.—.^.*..,...
Exchange
-9,152,544;
Transactions
New
56,220
State
749,099
181,425
1,198,311
323,535
INSURANCE
Co.—Report for Nine Months—
President, states:
per
TfiUmknne
HAnover 2-2600
U
-
V
129,807
297,922
126,019
124,407
!,
-
23,928
'
'•
$4,808,343
30_
CONSOLIDATED
'
<
portfolio
7-'
$354,584
$4,6907599'
219,491
$4,379,351
BALANCE
SHEET
Sept. 30,'45
,
$4,598,842
219,491
$4,471,208
•
■**<,.
.
25,392
4,244,258
198,791
$4,665,565
Dec. 31,'44
.
securities
$22,733,141
;
$22,729,214
3,065.239
2,267,984
1-1.
J-
Common stock
3,453,437
Securities
*
-
Corp
-v-*—.
interest
Accrued
200,000
.....
• ■
-
and
dividends.^*-.—
:Amt. receiv. for.securities sold (not delivered).
Accounts
receivable
(other)
U.
S.
Govt,
bonds
Tct41
..1,900,000
3,453,437
100,000
——*
-
(deposited with
trustee)
^
'
1,765,880
39,103
4,873,850
107,712
140,485
-
,»
54.914
.c
6,903,914
-
$40,685,437 $33,052,874
LIABILITIES—
Accrued
i
and
taxes
♦
unclaimed matured int...
incl.
Accrued int.
Funded debt
2 Va %
;
loan—Bankers
stock
.
Earped surplus
Trust
Co
I
:
$1)
(par
"Other
+As
p.
which
to
trustee
U.
to
S.
1,325,399
34,272,498
in securities i'-s r
,-4——
Drl5,918,129I>rl6,792,504
:
1946
obligations
debentures
'
'
,t
at
payment
for
'{
.
,
Government
4(4%
4,543,287
;
1,
at
4,407,670
6,883,500
$40,685,437 $33,052,874
deposited to provide for
maturity,
separately
stated.
U. S. Government obligations have been deposited with
provide
1881.
——
1,325,399
34,272,498
transactions
....
10-year
6,633,500
...
debentures, due Aug.
than
of
124,024
9,500,500
—-—-—._
Total
payment
52,916
.
2,617.000
....
Capital surplus
Surplus arising from
since Jan. 1, 1935
162,372
95,629
72,711
160,041
expenses
Reserves for contingencies.^.,:
;
a,
,
f
maturity—See
contra.—V.
.
new york stocks, inc. : '
'
.
Ill VERSIFIED
INVESTMENT FEND
.
RF.otor 2-3600
25,000
r
$388,202
$4,864,357
265,056
$4,543,287
____
15,000
4,302,497
4,395,445
2/759
Ten-year 4^4%' note-i—
;
Telephone
297,964
./I'^18,693
"$466452 ~
$400,674
4,407,670
'T
-—i
12,750
17,840
■
INDUSTRIALS
Members
Bell Teletype: NY 1-573
123,090
297,922
$828,959
,
100,000
New
INCORPORATED
York
Security
a
-
.,i
Company
Dealers
Association
I
HUGH
prospectus on request
W.
NASSAU STREET,
-
NEW YORK 5
Philadelphia Telephone
Bell Teletype
Enterorlse 0015
New York I-576
LONG
and
INCORPORATED
.
NEW YORK 4, N. T.
$844,224
RAILS
1
STREET
,
>'•
v%v
$917,754
">18.853
flO-year 4'/4%
cipal amount of the
Aug. 1, 1946 and are
45
SO BROAD
1,583
;r'i
taxes.
ELECTRONICS
&
/ "
!-• \
...
annum;' the sum of $6,883,500 which is the prin¬
outstanding AVtfo debentures which mature on
non-callable prior to that date. An equivalent
principal amount of 2(4'% U. S. Treasury Bonds 1959-1962 were de¬
posited with the National City Bank, New York, irrevocably dedicated
2%%
791
.
''*'c
taxes v..
dividends
Adamex
management, on July 2, 1945, borrowed from Bankers Trust Co.
company's unsecured note maturing Dec. 31, 1945 and bearing in¬
at
5,688
37,443
contlng.„^_.^
' ASSETS-—
Cash
of Federal
DEPARTMENT
Established 1922
.
The
terest
:.;y 56,954
___„
surpl. Sept.
Common
on
1942
$772,004
n>553
-
..2182
—2194
Cottonseed Receipts to Sept. 30......
.2194
Individuals' Liquid Savings in First Quarter
of 1945
—2194
George M. Gillies,
jmini-
a
1943
U.
S.
Government obligations..:^
American International Corp.;
Federal Debt Limit at Sept. 30
Adams Express
a
unless
$731,088
;'
,
•Investments (at cost);
2182
Federal Reserve System..
of
estimated
other
General
0.72
effective
tendered.
'
surplus
Earn,
Statement of Member Banks of
Kohbe, Gcarhart &
'
Total
for
share
share of
to
surpl. Dec. 31_
Common
close
companies each
1944
'Adj. 1943 Fed. tax..
:
rela¬
asset
139,760
sec.
income/^.:"
Net
Balance,
their
the
$1,013,076
income
for
of
$777,203
339.814
for
basis
companies at the
of the relative net
become
are
24,500
for
Prov.
stock¬
Adams.
55,858
Corp._
Govt.
expenses
Federal
,■>
the
of
exchange
$889,588
income
Prov.
y::;. Reserve; Banks-----'--.'-.-'-^~'--2«---Ji^--—2182
Condition
not
the
to
shares
may
on
exchangeable
will
American
securities
advances
S.
for
two
basis
;
and City Bond Offerings and Sales..2195
Foreign Exchange Rates
Combined Condition Statement
Federal-incoroeandexcess profits taxes.
,
at
INCOME STATEMENT. .9 MONTHS ENDED
Secur.
Provision
Redemption Calls & Sinking Fund Notices.2182
Dividends Declared and Payable
2182
The Course of Bank Clearings
2181
156,603
been
of
Interest
General Corporation and Investment News.2137
149,351
the
the
On
exchange
income
General
.
56,635
of
made
was
shares
American
Adams
of
shares
securities
on
Total
Miscellaneous Features
269,173
IW qAllen
have
initial
on
on
U.
on
Other
2153
-
inc.
Adamex
Int.
York Curb Exchange,._2153
Stopk and Bond Averages.*...
of
1945 of the shares of the two
301,109 shares
Interest
•
2180
-
Stock
/; 84,370
790,394
MUNICIPAL
The
of
Interest
Exchange__2153
York
SPECIALIST IN
-
Markets
New
Municipal Bonds
-
30.
stock
1945.
offer
an
their
stock
1945
Divs.
-
Transactions
FLORIDA & NEW JERSEY
•
at Sept.
CONSOLIDATED
Stock
Over-the-Counter
Oct. 31,
on
Americanwould
mum
the
of
COMPARATIVE
1,061,215
v
of
values
asset
Adams.
2175
2175
Philadelphia Stock Exchange
2176
Pittsburgh Stock Exchange-——_
.2176
St. Louis Stock Exchange
2176
Montreal Stock Exchange
i_217S
Montreal Curb
Exchange—
2179
Toronto Stock Exchange__r
2176
Toronto Stock Exchange—Curb Section___2173
.
\
values
2175
Net
LOAN—Of the proceeds to be
received
by the company
($800,000) from the sale of the 100,000
'shares
$500,000 may
be applied in reduction of the principal in¬
debtedness of $1,025,000 under
a
loan agreement with the Bankers
Trust Co. of New York dated Sept.
20, 1945, which provides, among
other things, that the company shall, on Dec. 31, 1945, or within 10
days after any such sale;, whichever last occurs, apply in prepayment
of such loan the proceeds of the sale of all shares of stock of
the
company until the amounts of such application aggregate not less than
$500,000,.
v. "
v
;/:/./ £7—
The company is now negotiating for a 15-year insurance company
loan
of
$1000,000.
Negotiations in connection with the proposed
insurance loan have
not as yet progressed to the point of allowing
any statement to be made as to the character of the security to_b6.
'pledged
if any, the character of sinking fund provisions, and the
nature of restrictions, if any. on
the payment of common dividends.
However
it is anticipated that the rate of interest will be between
3% and*4%
It is anticipated that this loan will be completed before
4jan
l
1946 in which event the proceeds thereof will be used to
retire
the loan from the Bankers Trust Co. of New York.
If such
^insurance loan is made'"then none of'" the proceeds from the sale
of the company's shares now offered will be used to reduce the loan
from the Bankers Trust Co. of New York,
i
:
Exchange—
Angeles
net
exchange
of'common
shares
business
of
2174
Stock
Income
5,073,403
PURPOSE—PROPOSED
tive
for
of
2174
$39,316
9,679,903
for
shares
.2173
$49,190
—
♦Before provisions
Stock ~;Exchange--~--.-~*.-*---,
'■Income
30)-*--——
_
months June
common
FOR CALENDAR YEARS
——
...
_
to
shares
2173
Exchange
Los
a
i
'
,
——
1940_
had
OF EARNINGS
;
1939
company
American
of
..—2168
Exchange—
Stock
Detroit
diversified list of customers,
which was enlarged
subsequent to the commencement of hostilities.
Approximately 90%
of sale! are made directly by the company to
customers, while approximately
10% are made to jobbers.
All saleS
are on a purchase order basis.
During the war and up to the present
time
all sales have
been represented by products manufactured on
order
and
it
is anticipated
that this condition will continue until
the ..demand for peacetime products is
stabilised.
the
war
Exchange.;...—
Cleveland
x
the
to
Curb
Stock
Cincinnati
^
of
(Bonds)—____2164
Chicago Stock Exchange
sells its products to customers engaged in
producing various types of electrical appliances and equipment.
It
is
estimated that approximately
50%- are used in the radio, com¬
munication and entertainment fields, 15% in fluorescent lighting, 10%
fn
the automotive field,
and the remaining 25% in various othft
Prior
"York
Stock. Exchange
Baltimore
In the main the company
industries..
York
New
j
and assist in maintaining
voltage, and thus may effect substantial'economies in power costs.
t
The many types of capacitors produced and sold by the company
and
its subsidiary
differ widely in size, design and electrical characteristics.*
been
a
Holders
;;v a'f-- -/• ^Page
York Stock Exchange (Stocks)_—___2153
..New
cur¬
generators
and
has
American International Corp. with
the company,
but
step does not now seem practicable in view, among ether things,
heavy transfer tax expense which.would be involved.
As an
alternative, it has been proposed to make American a majority-owned
Stock and? Bortd Quotations
>;
employ-capacitors in varying numbers.
Power factor correction
serve to neutralize some of the current which
cannot be
usefully employed by
the consumer undqr usual tommercial condi¬
tions
although it adds to the load of transmission lines and gen¬
erators.
Power factor correction capacitors increase the useful capacity
equipment
bank loan
*■' '•
*1
of the very
;
subsidiary of Adams and to this end
capacitors
transmission
payment amounting to
the
market
on
holders
cuits
of
4
consolidating
This Iasue
.
permitting
that
" u
so
Consideration has been given for some time to various possibilities of
?
such
In
a
currents
1945,
5,
~
Cash and unpledged U. S. Treasury Bonds at market were
$7,148,381
Sept. 30, 1945 compared with $4,835,472 at Dec.' 31, 1944.
f
dielectric or non-conductor.
Their
principal functions are to assist in generating oscillating currents of
high frequency; to filter or smooth out ripples when steady direct
current is required to be supplied from an alternating current source;
surfaces
amortization
second
a
Oct.
,
per
•
ducting
to
market
hare on the 1,325,399 shares outstanding in the hands of the
public on
"ept. 30, 1945.
This compares with $26,281,810, equivalent to $19.82
share on the same number of outstanding shares at Dec. 31. 1944.
3,000
McDowell &
Dolphyn
J.
4,000
Roberts
S& CO.
Mercier,
Co.___—9,00tf
162, p. 2009.
&
their maturity, under an ar¬
maintain the principal amount
value of U. t>. Treasury Bonds
at
agreed
in
value as of Sept. 30. .1945, the consolidated net
assets of the company (after applying against the $6,883,500 of
10-year
4(4% debentures an equivalent,, amount of the market value of the
U. S, Government bonds deposited to provide for the payment of these
debentures at maturity); were $41,686,035, equivalent to 450%
of the
principal amount of the bank loan and remaining indebtedness out¬
standing in the hands of the public.
On this basis the net assets ap¬
plicable to the common stock were $32,435,535, equivalent to $24. • 7 per
Shares
Weil & Company.
Crowell, Weedon St Co.
maturity
was made on
to $6,283,500.
reduced
number
Ames, Emerich & Co., Inc.
2o,uuo
Dempsey <fc Co25,000
debentures
the
of
whereby company
debenture
increase in market values
to
Bankers Trust Co.
Name—
payment
the
maturing not later than 1962 and/or cash.--The borrowing from Bank¬
ers Trust Co. was made under an agreement dated July 2,
1945, which
provides for a gradual amortization as the market value of com¬
pany's net assets increases to certain specified amounts.
On Sept. 20,
1945, the first of such amortization payments was. made in the amount
of $250,000, thus redubihg the loan to $6,633,500.
Following a further
FINANCING
..,300.000 shs.
the
rangement
.
•
MISCELLANEOUS
-
to
and used in the transaction of
in conjunction with other working capital
*
Authorized
Common
being
insurance
added to
15-year
thereof >,
company
business affairs
of the company,
W.
acquiring
.
by
loan
-
organized
MacDonaid
balance
sold
INDUSTRIAL
-
CAPITALIZATION
-
incorporated
was
and
Of the shares
company
The
men-
issue of Oct. 29,
l
Copy
a
and lnvesfment News
PUBLIC UTILITY
-
Price 60 Cents
.
%
48 WALL STREET
NEW YORK 5
COMPANY
-
T
.
634 SO. SPRING ST.
/
LOS ANGELES 14
162,
Monday, November 5, 1945
CHRONICLE
COMMERCIAL & FINANCIAL
THE
2138
BALANCE SHEET, SEPT, 30, 1945
-
SHEET
COMPARATIVE BALANCE
-Earnings—
(& Subs.).
1945—9 Mos.—1944
Period End. Sept. 30—
1945—3 Mos.—1944
Gross
sales, less disc.,
'*
,
Y
•
returns and allow—$18,058,222 $23,538,486 $64,752,548 $72,283,081
18,880,410
52,900,355 56,441,135
Operating expenses
15,436,832
~ ""
** *
Prov.
lor deprec. and
997,513
996,180
3,002,499
2,915,102
amortization
Reduction Co., Inc.
Air
A88fcTS-~
Cash
*
Net
income
Total
outstdg
shares
Com.
Earnings
p.
162.
$13,202,342
522,366
2.233,940
4,811,276
$i,408,644
2,736,856
$3,938,185
2,736,856
$1,133,417
*2,736.856
$0.41
—
1633.Y'Y^YY:Yy
"
. .
.
.
' '•
Accounts payable and accruals
$1.56
past two
Vice-President.^-V. 162, p. 1882.
Akron Canton
September—■'
YY
V"5'
.
1—
railway.—,.
from railway——
ry. oper. Income—,
Net
Nfet
.s
1
275,610
'
93,442
15,508,780
5,376,521
1,220,238
railway—
from railwayry.
oper. income—
162, p. 1505.
Net
Net
—V.
from
Alabama Power
Operating expenses
& amortization
for taxes—_
Divs.
Y;
162. P.,
railway--
from
railway
oper. income—
Net
ry.
1—
railway—
railway
from
Net
ry.
1762.
ys
1944
199,373
999,758
3,000.247
.
-/
,
American
(Del.) (& Subs.)
Agricultural Chemical Co,
.*
Ended Sept. 30—
3 Months
1945
$925,034
187,318
17,392
i
profit from operations
and admin, expenses
Gross
General
Prov. for loss cn
doubtful receivables
Depletion of mines——
Addition to insurance reserve
Net
and
1944
p.
!
1506.
9,806
17,776
y:•:
EARNINGS FOR
8,882,918
Interest
.
Plant
$130.61
$176.12
4.61
7.10
<
Dec.
subsidiary,"
that former
Net
'
——
loans
bank
on
net
tConsol.
net
Earnings
income
off
—
surplus
Trust Co.
9,933
79,664
33,057
stock,
i-——
sales
———
•Net income
Deprec.
Prov.
Earnings
per
share
of
common
stock
•Before
depreciation,
profits taxes.
2,318,400
Income
''
1,775,000
604,981
$587,317
$1,834^909
$0.45
$0.53
SI.82
$1.83
S.
income
:?yY.Y
2,700
2,700
2,700
$601,282
$596,070
$569,316
107,803
286,786
104,43^
350.970
expenses
Interest
———^
and
,
Provision
$4,538,417
for
Net
1944
:':::'Y
$15,542
24,183
1943
——
paid
1942
$25,886
$21,503
25,435
23.417
t$8,641
$451
fS1.913
'Y.:'YVY -■ Y
(based ::Y-YY
cost)-i-i:
average
on
•
159,083
104,801
77,704
Y; ::'
Total:.
Prov.
Y'^YY" :>■ ,?%■
YY-Y'
for
Y_w.
Fed.
inc.
tax
$208,404
$150,442
$105,252
•
Investments—at
13,832
11,327
$102,583
250,000
Y
Sept. 30,'45
-
$14,582,000 $15,499,139'
U.
;.
Allied
S.
Machinery
Co.
1,100,000
profit
8,450
6,589
Accounts
Total
'
Y
purch.—not received-—_
for securs.
pay.
$98,662
vY:. 53,525
earn,
Dividends
paid
•Includes
in
$197,961
—Y——.
44,734
dividends received of
1943 and $4,205
in 1942.
$1,066 in 1945, $489 in 1944, $1,173
tDeficit.
..
$3,521
'
S
a
have
124,601
shares
Immediate
of
1.900.009
1,000,000
2,531.186
7,606,226
-
$18,935,9.46 $18,811,168
f
YfcYBi'Y
Y;Y.YY
.
^ „
Locomotive Co.—Calls 124,601 Pfd. Shares
been called for redemption1 on. Nov. 26 1945
a tntlt
of the
I"
render
5,750~005
8,766,813
American
payment
the called
outstanding 7%
preferred stock at SI 16 07
66 made
will
Trust Co., 16 Wall
presentation
be received upon presentation and
shares.—V. 162, p. 2010. %
: -:Y 'f.
:YY.
15.235
1386.
—V. 162. p.
There
19.508
Y
$2,129
incl.
surplus
Earned
of
acct,
surplus
'1,085
,'968
unclaimed matur. int.— ,
53,351
Other accts. pay. and accrued taxes & exps.—
32,467
Z% loan—Bankers Trust Co., due Jan. 1, 19546,550,000
VM'c loan—Bankers Trust Co., due June 30, '52
4V4# loan—Adams Exp. Co., due June 30, '54Common stock
(1,000.000 shrs., no par)_—1,000,000
•Capital surplus
2.531,186
int.
$50,304
:Y 10,444
39,662
2,137
-
$18,935,946 $18,811,168
—
LIABILITIES—
25,487
$141,991
50,824
35,690
dividends—-w,
sold (not deli v.)
receivable—other _——
interest
receivable for securs.
$75,791
carried to
961,415
and
Accrued
Amount
••
208.976
America.
of
.Cash
fi
2,100,891
216,362
2,998,790
:
v
Dec. 31/44
book value:
portfolio securities,
Government obligations—
General
—j
Net
■
$187,650
200,000
'
':
41,423
15,649
•-Total
securities
of
"
.YY>:Y::P'.;YYYYY-';rY>,;;Y'Y;YY::v'w..^.1:;Y.
.
.
87,385
162,055
12,000
200,000
1-
—
-
ASSETS—
•
compared
"
021
$525,193
COMPARATIVE BALANCE SHEET
;
r
Y;Y.
-
$324,193
taxes__
miscellaneous
income
Dividends
MONTHS ENDED SEPT. 30
-24,141
Excess of income ove:
excess
r
———
for Federal income tax—
Amt.
$45,162
$579,803
-
income
General
s
—
U.
$13.34 on Sept. 30, 1945,
1945
$1,826,615
and
compensation received from
Machinery Co. of America
on
$5,716,751
1944.
*Total income —
'M Operating expenses
*
.
■
amortization
1944
$555,000
38,370
1945
"
425,310
Investing Corp.—Report—
INCOME STATEMENT, NINE
2,205,000
•
Allied
1943
18,780
interest
Accrued
1,938,618
565,000
$486,917
Income
'
on* Dec, 31,
81 Frof^aii^d^om
Crl50,C00
768,600
S. inc. and
profits taxes—
$12.75
.
securities-——
Income
"
1946—3 Mos—1944: i
1945—9 Mos.—1944
$17,500,000 $16,600,000 $61,200,000 $52,600 000
* 1,105.516"
1,757.298
5,928,309
5,970,233
amortiz
&
for U
excess
Net
———
•'
Income dividends' on securities-
optional dividend seriesr of 1936 (75,000 shares); $1,875,000; class B
stock (par $1), $2,901,940; capital surplus, $11,218,585; earned surplus,
$4,538,417; total, $24,831,730.—V. 162, p. 1506,^::''77,7YY; , ;
With
.
NINE MONTHS ENDED SEPT. 30
INCOME ACCOUNT,
4,261,382
1,178,334
———
value of our stock was
,
66,000
$1,800,000; accounts payable and accrued expenses, $14,318; dividend
"payable Nov. 1, 1945, $69,364; provision for Federal, State and city
taxes, $101,982; $3 cumulative convertible class A stock, optional divi¬
dend series (92,435 shares), $2,312,125; $2.75 cumulative class A stock,
American Foreign
.
The net assets of corporation at Sept. 30, 1945, based on market quo¬
or on valuations assigned by
the board of directors,. amounted
1945
" :
7
ASSETS—Cash, $204,745; United 8tates Government securities (at
cost), $203,250; Dividends and accounts receivable and interest accrued,
$10,237; investments, at average book amount (at Sept. 29. 1945, mar¬
ket quotations, $30,997,635), $24,413,497; total, $24,831,730. '
LIABILITIES—Notes payable to banks (rate 13A%) due Aug. 23, 1946,
The asset
issued and outstanding
to $24,231,690,
1945
.
(1,036,492)
'
tations
"7 " BALANCE SHEET AT SEPT. 30,
$1,300,000
plants,: most of which had been planned before the war, amount to
approximately $10,000,000 and contracts have already been signed for
about 507# of these capital expenditures.
Unfilled orders as of Sept. 30. 1945 amounted to $25,000,000.
On
Jan. 1, 1945, they were $33,000,000 and on May 1, 1945, just before
V-E Day, they were $36,000,000.
The peak for tho war period was
$38,000,000, reached on Dec. 1, 1943,
Net
1944
1943
*
$9,854,812 $10,171,034
3,426,474
3,262,111
2$3.53
S$3.5$
1945
American International Corp.—Report—
of av¬
85,993
——
class A s.tock—
on
^ Balance of earned surplus.Sept. 30, 1945.-
applicable to 1945 and the remainder to prior years.
Federal taxes
on income
will be recomputed for the years involved.
No effect has
been given
to these adjustments in the figures submitted herewith.
They will be reflected in the final report for the year.
Contemplated expenditures for new plants and expansion of present
30—
Pa.,
NET EARNINGS
HOn the average number of shares
during the period.—V. 162, p. 978.
is
Period End. Sept.
and Marietta,
iii,,
period of 1944.
Provision
the company on
INCOME
Chicago,
1i$3.60
.
——i.—
1942)
in
earned
Total
wiil exercise the option given it under the tax law to
charge back over the years of their use the unamortized cost of emer¬
gency facilities on which certificates cf necessity were granted.
These
amount to in excess of $7,000,000.
The unamortized portion as of
OP
in
way
share
$1,030,058
securities)
profit on sales of securities, computed on basis
book amounts (incl. proceeds, of sales of
of Central States Electric Corp. common
Dividends
the earnings of
while those for 1944 include only the dividends
STATEMENT
In addition,
advertising pro¬
way.
year
earnings before taxes. $11,089,966
earnings after taxes..
3,943,718
per
Total
Co.—Quarterly Report—
approximately $3,000,000, of which about
under
per
.
;—
——.——^—.—
tax
Federal income
for
Yywritten
1945
Company
1945 was
are
•After deducting
$162,628
————-——
—
erage
received from it.
Sept. 30.
under
are
9 Months Ended Sept. 30—
1,036,218
—
(excl. of net profit on sale of
Balance of earned surplus Dec. 31, 1944_
Net
.$429,473
-
plants
$13,000,000
our
" CONSOLIDATED
,*Consol.
quotations
—_
shares
Wm.'B, Given, Jr., President, states:
National Bearing Metals Corp. was merged with
30, 1944.
The income figures for 1945 include
:
existing
to
control
corresponding
'
.
assets at
MONTHS ENDED SEPT. 30,
■——
Provision
profit after charges
amount surplus account totaled $1,010,853, compared with-$581,379 on June 30, 1945.
. '
7
Reconversion of the plant for the production of heavy cargo trailers
indicates that the first units will be produced during the latter part of
November.—V. 162, p. 2009.
^hoe
will
additions
the
over
$1,208,780
Interest
Including the above
American Brake
in
additions
*
:
:
started
be
large
President
for.Wyeth, Inc.; Knoxville, Tenn., for Whitehall Pharmacal Co., and
Morris Plains, N. J., for G. Washington Coffee Division, American
Home Foods, Inc.
Gross sales for the current year to date reflect an increase of 18 '7a
—
Expenses.
:-
QUARTER ENDED SEPT. 30,
"One of Mr. Silberdirection of our $15,000,000 expansion,
have eight new plants under construction'or
the United States, Canada, and England, and
we
corporation's expansion program provides for new plants in
following cities, for the following subsidiaries:
Toronto, Canada,
Boyle-Midway of Canada, Ltd.; Los Angeles, Calif., for BoyleMidway, Inc.; Marietta, Ohio, for Marietta-Harmon Chemicals, Inc.;
Philadelphia, Pa., for Wyeth, Inc.: San Jose, Calif., for Clapps BabyFood Division, American Home Foods,
Inc., and Chepstow, England,
for proprietary drugs.
$20,614,588 $13,391,720
.
;
160,000
* •' ■ . " ;
Co.—Earnings—
At present
The
10,510,000
securities, priced at market quotations—.
f Dividends ih
$172,571
Net
:
liqui
dividends
Cash
Income:
earned surpl.
$0.27
$0.25
share
—
excess profits taxes of $245,000 in, 1945 and $200,000 in
post-war credit of $20,000).
tOn 627,969 shares.—V. 162,
American Bantam Car
regular monthly divi¬
dividends being pay¬
1945.
14,
Brush, Chairman of the board, said:
G.
to
Nov.
on
the
all such shares.
-Total
*248,000
record
of
for
9,972
$157,803
extra dividend of 60 cents per
gram."
2,600,000
tabll
STATEMENT OF INCOME, NINE
146,649
9,746
*335,000
profit transf'd to
(after
about
the
an
equivalent (o 370# of the $6,550,000 loaned by Bankers
and outstanding on Sept. 30, 1945.
After deducting the prin¬
cipal amount of these loans the balance of net assets on Sept. 30, 1945r
amounted to $17.68 per share of common stock, compared with $13.9$
at Dec. 31, 1944, and $12.90 at Sept. 30, 1944.
Cash and U. S. Govern¬
ment obligations at market value as of Sept. 30, 1945, totaled $.4.101,>027, as compared with $3,063,136 as of Dec. 31, 1944, and $3,417,723 as
of Sept. 30, 1944.
.
.
'
.
:. u ;
On Oct. 8. 1945, corporation reduced its bank loan to $6,000,000 by
a, payment
of * $550,000 representing amortization required under its
,loan agreement with Bankers Trust Co. as a result of increases in the
market values of net assets to a certain specified level.
12,745
168,486
$198,001
$0.31
tEarned per common
•Includes
Alvin
$29,497,506 $23,901,720
preferred stocks at
accrued dividend
stockholders
program.
"A"
class
for
Oct." 29 declared
payable Dec. 15, 1945, in addition to the
20 cents a share payable Dec. 1, both
of
to
able
in
Court
covering
13,911
10,833
9,087
Y
profits taxes—
excess
Y,
—
income
Federad
for
Provision
'
dend
finance,
formerly
on
President, succeeding Knox Ide/
as a member of the board of
and operations committees.
Mr.
Executive
Vice-President
and
General
executive,,
was
Underway—
counsel and
general
as
the
Manager.
The directors
higher than costs by $6,582,075
District
$702,806
183,093
$805,304
197,552
167,4l£
of plants
Depreciation
continues
who
18%
Cents—Net Sales Up
of 60
depreciation, interest, and other charges, but before
provision for income and excess profits taxes,
fAfter deduction of
provisions for income and excess profits taxes.
$On the average
number of shares (971,918) issued and outstanding.
§On the average
number of shares (916,599) issued and outstanding during the period-
1943
1944
Dividend
Extra
Richmond for an order authorizing the trustees iof
Central States Electric Corp. to make effective a registration statement
Redemp.
Chicago, 111.
—Earnings—
$62,631
1162.
p.
and $528,376, respectively. If all
of the portfolio securities of: the corporation were sold at the Sept. 29,
1945 prices, the Federal income tax thereon would approximate $1,175,000 under existing law.:
This amount has not been considered as a de¬
duction from the net assets at Sept. 30, 1945.
The company owns 335,764 shares of the common stock of Central
States Electric Corp., which cannot be publicly distributed unless cov¬
ered by a registration statement under the Securities Act of 1933.
It
is not believed that any substantial number of such shares could be
sold without effecting .a
public distribution.
The company, joined,
by the Blue* Ridge Corp., which owns an additional 806,248 shares of
such common stock has, therefore, filed a petition in the United States
redemption as of Nov. 1, 1945, out of
sinking
of 15-year first mortgage 5# income
bonds due April 1, 1952. at 100 and interest.
Payment is being made
-at the Harris Trust & Savings Bank, trustee, 11& Wesit Monroe St.,
'
$189,174
loss
162.
sack's major projects will be the
183,000 shares outstdg. Dec. 31, 1944
167,485 shares outstdg. Sept. 30, 1945
stk. (2,901,940 shrs. outstdg. t
were
3,245,242
-
Chicago, 111.—Partial
335,282
226,591
deductions
interest
interest*
Walter F. Silbersaek has been elected
♦
4,967,045
adjustment is made for purposes of comparison with net
30. 1945. 7:'
.Y;v YY;
! Investments at Sept. 29, 1945, and Dec. 31, 1944, market
22,161,961
7,711,594
27,871,990
11,560,469
3,109,544
226,591
taxes
before
American Home Products Corp.—New President—De-*
,
Sept.
28,484,416
9,539,501
$499,241
335,121
clares
the net assets it Dec. 31, 1944, are adjust¬
ed to eliminate $105,439 market valuation of 421,757 shares of common
stock of Central States Electric Corp. then held In the portfolio.
This
.470,759
have, been called for
fund monies, $129,000
There
available
NOTE—In the above
$2,809,288
$372,538
Net
—V.
31,'44
4,630,556
preferred stocks:
"A"
Class
and
Conditional
$31,297,506. $26,501,720
r
common stock
Asset values per share—
1942
$2,927,914
1,077,891
$3,240,240
1,108,810
357,140
, ,
,
.
Ambassador East, Inc.,
;
•
income—
oper.
•Deficit—V. 162, p.
v
27,851,812
8,257,981
3,083,138
from
Gross
Net
?V
1944
179,626
Unconditional interest
ac-
Balance—Net assets applicable to class "B"
<0v;
$1,804,851
# 1943
•
Front Jan.
'
and
prices
Power Co,—Earnings—
&
Ended Sept. 30—
income
Net
9,070,675
Class "B" com.
1945
$2,417,632
223,155
*98,382
from
"A"
Class
dating
•(
September—
Gross
$4,073,937
2,268,986
189,082
$80,615* $1,598,606
RR.—Earnings—
Alton
Net
$269,697
_
and
preferred stocks
Deduct:
$328,196
$678,868
share,
—1,800,000
assets
Balance—Net
$7,283,236
3,209,399
$3,867,592
2,268,986
303,026
$63,291.'
Y-_——2009.
Balance
3,445,937
8,751,256
$6,893,634
3,026,041
731,000
$572,723
$252,373
189,082
stock-—
pfd.
on
—V.
;
——
$31,780,710
12,514,616
$313,370
1945
Silbersaek
12,594,950
—
loans
bank
loan
Bank
Deduct:
3,259,200
8,723,657
273,600
697,486
income
Net
j
dividend
accrued
and
$321,429
298,349
Expenses
$14,022,000 $12j464,000
other than bank loans
liabs.
less
and
ables,
1945—12 Mos.—1944
$2,800,217 $32,648,260
1,222,893
13,557,432
329,611
deductions
other
&
14,099,744
6,907,167
1,467,719
net assets before
fcrued dividend
$510,729
258,355
Provision
Int.
6.731,214
1,473,478
1945—Month—1944
$2,724,380
1,186.553
Deprec.
income
17,507,339
8,619,194
2,133,507
co.—Blue Ridge .-Corp.;.—
Investment in The North Amer. Co. com. stk.~
All
other investments, plus cash and
receiv¬
affil.
in
450,000
$670,887
directors,
Sept. 30,'45 Dec.
Investment
$778,196
455,000
income
Gross
30, 1945, as
the
141,054
16,745,415
of
position
'
1943
$768,370
profit
American Gas
$2,242,648
$5.18
'
1944
$531,429
210,000
tax
161. p. 2654.
12 Months
Light Corp.—Report—
corporation as of Sept.
compared with Dec. 31, 1944, is summarized as follows:
997,020
Earnings—
1945
^-Multi-Million Dollar Expansion Program
<
financial
The
$1,885,645
314,090
Net
—V.
1945—9 Mos.—1944
$715,777
$1.65
American Cities Power &
$1,810,079
671,895
147,208
Net
(& Subs.)—Earnings—
$700,874 $2,122,486
share—
$1.62
$4.09
*On 432,825 shares outstanding.—V. 162, p. 665.
1942
$2,137,890
1,070,698
Ended June 30—
income before Fed. income
four
revenue
Gross
441,294
':Yy
American Export Lines, Inc.-
excess
profits tax
•Earnings per
Total
Sept. 30—
Period End.
Gross
&
inc.
Fed.
809,296
1943
1944
Co. -Earnings—
'
'
$1,242,375
1—
From Jan.
Gross
2,506,700
or
accounts
3 Months
$50,877,513 $51,099,655
1945—3 Mos.—1944
30—
market
for securities, purchased but not received,
payable and accrued expenses, $1,793; accrued taxes
(general), $704; accrued Federal income taxes, $11,873; reserve for Fed-;
eral income tax on unrealized appreciation of securities owned, $7,300;
common stock
(par value 10 cents), $5,853; capital surplus, $465,608;
earned surplus, $165,289; excess of market or fair value over cost of
securities pwned, $144,049; total, $803,034.—V. 162, p. 1386.
Profit after deprec. and
Earnings—
RR.
1945
.
7,074.313
Period End. Sept.
3,312,358
1,398,520
769,289
12,886,225
10,904,661
American Chicle Co.
58,923
..
Great Southern
Alabama
September—
Gross
from railway—
Net from
railway—-Net ry, oper. income—
109,058
(at
LIABILITIES—Payable
for 1944 does not include the opera¬
Metals Corp. or Magnetic Signal Co. which
were not consolidated during that period.
Company's equity in the in¬
come of these subsidiaries exceeded the dividends received. from them
during the third quarter of 1944 by $51,032 and during the nine months
of 1944 by $103,928.—V. 162, p. 562.
$317,204
154,028
83,775
9,800,000
————
owned
"
$565;
National Bearing
of
securities
charges, etc;, $429; total, $803,034,y
NOTE—The statement of income
tions
1942
$369,811
3,513,512
1,219,010
596,523
3,390,960
913,125
345,597
1633.
162, p.
•Deficit.—V.
1944 „
$388,798
1U.258
47,155
1945
$270,328
"10,126
*19,142
From Jan.
Gross from
.
RR^Eamings—
1943
Youngsiown
&
>
^
railway
Net from railway——
Net ry, oper. income—
from
Gross
2,007,810
shares)
Total
E.
administrative assistant to A.
City as
Kansas
in
Executive
$4,926,098
4,033,715
2,007,810
9,800,000
12,886,225
7,074,313
10,371,494
$5,520,426
2,684,077
„
(796,406
fixtures
Taxes
.
Capital surplus
Earned surplus
representatives for the company on its army
Corps Procurement district in Philadelphia
and
Dayton, has been named to fill a vacancy on the board of
directors.
At the same time, R. C. Walker, President and General
Manager,
said that Mr, Halleck will be moved to the company's
Welch,
.
.
$73,314;
banks,
in
$723,870; accrued interest receivable, $4,920; furniture and
(after reserve for depreciation of $1,179), $501; deferred
2,465,746
$50,877,513 $51,099,655
profits taxes
stock
stock
Common
.
A8SETS—Cash
fair value),
18,096,887
——
—
preferred
ft#
t
.
income and excess
U. S.
Reserves
5
■
389,515
2,238,453
17,605,087
--
—
LIABILITIES—
years and, before that,
contracts with the Signal
headquarters
L
125,367
389,515
.
Total 7 ill——*
2,736,856
Director—
the
•?,;
540,766
145,278
Fixed assets (less reserve)
8,719,435
sales representatives
Halleck, Washington
Kenneth D.
680,076
not consolidated
companies
.y—
Other
i—:
1,312,775
refund
tax
Subsidiaries
$4,271,267
$1.44
t $0.51
Other assets
Investments:
.
Manufacturing Corp.—New
r^; Aireon
excess
7,559,631
11.020,265
charges
,211,640
443,340
share—
per
~~V.
$9,271,827
134,499
—
income
Net
275,498
172,928
Fed. taxes on
for
income
,
422,133
*—
—
profits
Post-war
Deferred
4,523,249
1,114,683
6,725,336
10,051,487
;
Inventories
$12,926,844
$3,777,083'
7 $1,749,685
—
expense
Interest
Prov.
125,808
(less inc. chgs.)
$8,849,694
115,187
income.._$1,623,877
oper.
Qth. inc.
$3,661,896
tax notes
Treasury
6,254,323
Post-war excess profits tax refund——
Receivables (less reserve)-^.
—
%
_
Sept. 30. *45 Dec. 31,'44
$5,673,275
$5,065,433
~
—
S.
U.
Sept. 30. *45
■
■
:
'
Y;-:..
jVolume 162
THE COMMERCIAL & FINANCIAL
CHRONICLE
Number 4435
American Machine & Metals, Inc.---Earnings—r
'•
I
: -•
(Including profit of United States Gauge Co. since April 1, 1944, only)
Period End. Sept. 30—
Net
I
uii'i
sales
Gross
profit
4,075,538
8,051,252
$708,384
$1,949,145
1,245.968
>37
1,084,J>:
$703,177
402
$1,81^,41
46,865
52,235
458,146
Operating
Other
j
-
415,373
$164,117
$293,011
6,863
profit
22,635
income
v
•
-
Oct.
under
the
week
Total
income
■(Other
1
$170,980
deductions
Reserves—Fed.
Net
tax.
27,812
96,409
334,000
1,275,900
$319,633
$527,724
342,250
346,250
.242,250
$0.46
$0.92
;
$117,236
Shares .outstanding
*Net profit per share__
346,250
v.
$0.34
American Metal Co., Ltd.—Earnings—
(Including Subsidiary Companies 80%
Period End. Sept. 30—
\
Prof.,.bef.
•
Other
-
$1,058,400
(net)__—
income
Ohio,
basis
$4,813,615
and
(Green
>1945—9 Mos.—1944
511,876
$1,570,277
$1,650,034
Admin. & gen. exp.f etc,
122,673
104,643
Pay.
under
employees'
^annuity plan
48,421
$3,000.
St.,
373,143
148,782
153,786
taxes
-oper.
Prov.
for
208,274
costs_______
U.
S.
&
tax
296,933
852,681
943,706
222,825
262,974
667,016
794,296
1,657
-ieign income
Depreciation
1,646
4,948
5,536
'of
•___—
-24.600
98,934
150,257
245,509
investments
Prov.
i
for
Min.
•
interests*
'
res._
180,179
89,584
490,151
386,934
*
•
•-
.w
Totttl
Earns.
j
i
■
net
5 452
after
9,535
$498,235
$539,406
$1,448,949
$1,585,266
$0.33
$036
$0.94
SI.05
ps-
pfd. div. require.
American
Power
Light Co.
&
$
Other
retire.
reserve
Net
13,833,133
53,107,845
5,475,761
t22,037,624
.»
23,955,213
140,703,890
2,406,780
2,571,138
9,677,773
2,920,467
10,706,413
at
8,130,622
9,583,607
40,311,882
100,387
542,166
The
396.233
Int.
public
to
deductions
•
Amort.' of
sition
&
the
plant
T
,
3,977,782
17,817.170
to
353,827
public—
168,507
962,760
282,740
"
5,537,705
22,074,118
23,712.062
1,536,291
1,373,425
5,732,796
Balance
3,175,857
applic. to
nority interests
,
16,341,322
operating
equity
17,114,164
equity
Other
3,173,888
3,990,428
:i 16,319,966
117,065,692
3,173,888
3,990,428
16,319,966
88,637
54,787
402,590
162,101
4,045,215
132,955
16,722,556
17,227.793
425,514
454.214
income
Total
132,917
Expenses
Int.,
562,724
taxes
579,016
94,896
284,291
.a.
■^Balance
»As\
to
surplus.
result
a
income
tax
of
2,487,687
3,237,548
the
from
tcr
tNon-recurring
Electric
resulted
for
in
-
a
deductions
reduction
of
with
connection
Texas
$508,000
in
taxes
ir.
and
Power
the
refinancing by
in May, 1945,
;and
deductions
other
(net)"),
thus
neutralizing
the
effect
tCharges against surplus by subsidiaries of the company to provide
the disposition of plant adjustments and plant acquisition adjust- .
.nients included $981,781 and $745,092 applicable to net income of
such
'companies earned in the 12 months ended Aug*. 31;
and -j<»44. -respectively.
The above statement has not been adjusted to give effect to such charges,—V.
•.
^
»
'
'
i
"
162,
g.
'
"
9 Mos. End.. Sept. 30—
be'L. Fed.
.Prov.
for
&
Net
taxesJJ
Federal
inc.
profits
7,754,000
per
com.
shr.
10,340,000
$3,748,149
profit
Earnings
" "
1944
$0.35
.
.
1943
$11,502,149 $13,614,471 $10,336,035
"
tax-
excess
1945
<
-
1942
Cohu
$3,274,471
$3,446,035
$3,204,233
$0.30
$0.32
$0.29
.
,
NOTE—During the first nine months of 1945 dividends received from
subsidiaries amounted to $236,770; 1944, $303,407; 1943, $493,No part of these dividends is included in the
«27, and 1942, $484,188.
foreign
Toregoing statement, but the amount thereof is held in a reserve until
•operating results of such subsidiaries for the full year shall have been
-determined.—V. 162, p. 666.
4
.
$8.59
reserved
fIncludes
40,000
Jan.
31,
statements
shares
file
on
inclusive,
in
office
tne
issue
$546,398
$526,404
3b,379
31,424
$582,777
410,930
$557,828
394,772
warrants
>
purchased
as
number
2,800
W.
2,000
162, p. 1634.
Anil Arbor
9,606,990
9,606,990
1,269,706
ft 1,269,705
1,269,706
23,795,401
20,202,533
16,703,793
1,269,706
25,971,872
$59,000,193 $61,318,918 $54,393,246 $61,949,339
1387.
p.
Corp.—Earnings—
Wholly-Owned
The
directors
have
additional dividend
the
$6
cumulative
of
declared
$10 per
first
a
dividend
share
preferred
on
of
$1.50
account
stock,
no
par
per share and an
of accumulations on
value, both payable
Previously this year the follow¬
ing payments were made:
On Jan. 10, $1;' March 31 and June 30,
$1,50 each; and Sept. 2, $1.50, plus $6 additional.
Arrearages as of
Oct. 1, 1945, amounted to $20 per share.—V. 162, p. 778.
Dec.
31 to holders of record Dec.
10.
•
Gross
Net
from
Net
ry.
-
A-new
■
•
1,700
^
'J;
i. plr
v
railway
oper.
1,700
1,700
1,700
four—in
rapid-fire
motions
in
for
1,700
railway...
Net from railway.
Net
—V.
ry.
162,
p.
1762. *
•
several
extended
1,100
fashion
developed and
sizes
It
of
thus
and
operations.
smaller
miles
from
nearest
three-quarter
companies
also
!
placed
lot
a
save
offers
also
nut3,
o.'l
inch
have
on
of
time
adapters
previously
and
slow
a
production
tubirfg
commenced
tne
pro.ifis Hildreth Field
drilling has been started on
further
m.le
one
barrels
402
hours.
six
the
to
through
This well
and
northwest
Associated Gas & Electric Co.—Weekly Output-rThe
trustees of
electric
the
week
2,235,844
162,
the
Associated
output of the
Oct. 26,
1945,
ended
kwh.,
'
Gas
Associated
amounted
1.7%,
'
or
2010.
p.
Operating
Oper.
&
Gas
to
the
ircm
Electric
&
Corp.
Electric
that
report
for
Group
the
127.C82.691
kwh,, a decrease
corresponding week of 1944.
WSS
/
3945—Month—1944
1945—12 MOS.—1944
$157,560
8146,752
$1,827,465
$1,718,964
127,688
119,683
1,497,091
1,289,772
$29,872
revenues
&
exps.
Net
taxes
income
income
oper.
Non-cper.
Gross
Int.,
$27,069
$330,374
310
803
4,440
12,837
:
$27,875
$334,814
$442,029
15,662
185,488
296,025
5
$12,213
$149,326
$146,004
,
income—
corp.
etc.v deductions—
Net
Divs.
$30,182
15,064
-
$429.3 Q2 *•'
50
600
paid
"50
'
,
accrued.
or
$15,118
•
236
:
16,744
35,950
27,600
Dr$4,531
$14,882
—
$110,054
$121,726
50
600
I;
Income
Balance
100
600
—V.
162. p. 1634.
*
Atchison, Topeka & Santa Fe Ry.—Earnings—
Gulf,
(Includes
,
Colorado & Santa Fe
V"'""'
Santa Fe Ry.)
Period End. Sept. 30—
1942
Railway
$418,381
Railway
49,699
Railway
tax
165,066
"
109,647
50.643
44,528
'
•
*
Oper.
revs...
45.187.642
expens._.>87,85l,472
accruals. »Cr40,100.181
Other debits
Panhandle
&
1945—9 Mos —1944
$
$
415.964.873
389.834,662
.
24,994,108°314,971,435 221,038,601
13,746.989
*67,044,965
124,943,681
649,663
5,326,337
3,727,013
224,181 '
•
4.502,771
' 1,032,440
1.339,177
929,166
514,219
620,302
363,885
3.830,845
,
Net railway oper. Inc. til,122,991
5,796,882
28,622,136
40,125,367
^Operating expenses and tax accruals adjusted to give effect to
Presidential
proclamation
of
Sept.
<
29,
1945
period for amortization of defend facilities,
%
and
$
36,852.481
oper.
<92,430
Ry.
1945—Month—1944
$
1943
$524,438
4,394.302
j
been
this 601 acre property by these
companies in Joint operation with Consolidated Oil Co.—V. 162, p. 1387.
100
526,197
;
has
in* Montague
County,
Texas,
which
produced
three-quarter Inch tubing of high gravity oil in
150
4,595,386
1,045,150
oper.- income—
$0.60
<
;v V.
'
150
1,100
-■
from
tool
automatic
assembly
setting
through
150
bOO
From Jan. 1—
Gross
1
'■
operation?-
is
150
1,300
.,.,1944
$463,183
..
"
y"
337,103
:
and produced 232
of 42 gravity oil in six
drilling of the second well
on their holdings of 500 acres in this block.
-y>'
>,
This is the second oil strike made by these concerns in recent
weeks, the other being the completion of their Well No. 1 Kingsbury
150
,
1,700
1,700
/.GO
24,974
80.64
to
These
150
9UO
62,486
income*..
337,109
1 '
150
400
8457,211
337,109
market
well
175
400
1945
.
201,103
$202,971
v
"midget" pneumatic
barrels
RR.—Earnings—
,
244,292
$217,149
$0.55
shares.
1 '
hours.
'
railway
from
404,080
580,COO
;
'
■September—
American Superpower Corp.—$10 Accumulated Div.
$5,457,483
461,441..
8185,512
*
'''
'
1943
$5,860,183
765,512
per
share
162, p. 1394. •
»
1944
86,792,651
charges..—
common
Subsidiaries)
1945
,
Oil Co. of Texas, the latter a wholly
owned subsidiary of the Wichita River O.l Corp., have discovered an
important new oil field by the completion of their Well No. 1 Beakley,
located near Belcherville, Texas, 60 miles north of Fort Worth.
This
175
2.000
1.300
Schaefer & Co
1,800,000
99,418
9,606,990
,
$32,469,431
250
1.300
—
1,400,000
202,818
Period End. Sept. 30—
1,300
Newburger & Hanof.——
George D. B. Bonbright & Co
Mead, Irvine & Co.——
$21,711,197
New Oil Field Discovered—
13.000
1,300
*
348,329
This corporation and Venmex
Warrants
27,300
1,300
Co.——
?'
320,399
Associated public Utilities Corp. (& Subs.)~~J5arnings
1,300
& CO.J
^
6t
of
1,500
Torrey*.-2r--:-------^-___-
ending
the
JDeficit.—V.
emergency
162, p.
1883.
Financial Chronicle (Reg. U. S. Patent Office) William B. Dana Company, Publishers, 25 Park Place, New York 8, N. Y.t REctor 2-9570.
Herbert D. Seibert, Editor and Publisher;
William Dana Seibert. President; William D. Riggs, Business Manager. " Published twice a week
Teverv Thursday {general news and advertising issue) with a statistical issue on Monday].
Other
offices: 135 S. La Salle St., Chicago 3, 111. (Telephone;
State 0613); 1 Drapers' Gardens, London, E. C., England, c/o Edwards & Smith.
Copyright 1945 by William B. Dana Company.
Reentered
The Commercial and
as
second-class matter February 25,
Canada,
NOTE;
1942, at the post office at New York, N. Y., under the Act of March 3. 1879.
Subscriptions in United States and Possessions, $25.00 per year;
$27.50 per year; South and Central America, Spain, Mexico and Cuba, $29.50 per year; Great Britain, Continental Europe (except Spain), Asia. Australia and Africa.
Op account of the fluctuations in the rates of exchange, remittances for foreign subscriptions and advertisements must be made in New York funds.
'
....
•
$54,393,246 $61,949,339
9,606,990
taxes
manual
iollows:
1,500
Inc.__'.
330 493
508,2^9
profit
'.z
to
878,581
2,200
—
Co.,
"
1,675,976
12,098,675^;
i
■
$21,643,379 $24,984,742
—....
Li
of
and
173,888
22,700
Co.,'. Inc.—
409.959
■
by this corporation and its officials believe it may con¬
a
speeding-up of production of radios and other items
the priority buying list of goods-starved consumers.
'; •■'
Air-driven, this tool will set smaner sizes oi screws—numbers one
$252,469
Shareholder Company
■
■
33,217,553 '
high on
Cleveland, O.;
respective
are
10.957,847
9,844,552
.I'
stock
tribute
$217,927
34,542
Shares Purchased from
...
Middle brook——
&
the
each
10,107,603
9,3"4l,23a^1
8,013,582
2,975,755
(The) Aro Equipment Corp.—Develops New Tool—
■
purposes.
and
by
100,000 " ""
25,053,442
3,830,082
Earned
Sept. 10,
1945, company
each warrant entitling the,
be sold to Samuel T. Haas,
9,loi,965
34,023,229
debt
after
Net
No.
$8 per share
underwriters
be
to
b, <bo,<33
...
Federal
directors
warrants,
**
$5,167,576
1,000,000
liabilities
162,
Profit
3,324,083
the
^
-J®
1942
200,000
(Including
$3,542,010
4,978,471
of
of
30
1943
100,000
6 Months Ended July 31—
Sales
;
";!>f
$5,504,875
30,000
1944'
-
JUNE
2y,458,516
1.608,587
surplus
—V.
$6,140,095
5,593,697
8163,056
SHEET,
$6,872,220
equip.
1943
$171,847
BALANCE
of *
*
$5y,uUU,l.>)3 $oo.,318,yl8
Total
the
1944
*
-
$5.67
oils. *
$3,775,542
•
surplus
of
-Years Ended Jan. 31—
8106,633
action
to
and
Earned
have
of
purchased
1,100,696
other-assets
Capital
—V
1942,
544,916
$7.38
re-
for
250,000
—
tax
Arnold Constable
to
and
CONSOLIDATED
charges>
Common
uut3(
I93y
manufactured
1945:>;/r,
Inc., and subsidiaries, for
for the six months ended
and
2,003,859
,
544,916 J
1,733,024
plant
Reserves
30,000 wts.
-
are
V*
Johnson, Lane, Space and Co., Inc.
Johnston, Lemon & Co.——
—V.
2,934,485
544,916
$6.49
r.--.'...,
and
Current
'
Herbert
3,592,868
544,916
securities—
profits
Long-term
12uo,000 shs.
Co.,
Richards-& Co
-Emanuel
1,089,832
LIABILITIES—
con-
upon
Outstanding
EARNINGS
Clucas & Co—
&
Hill,
3,093,661
1,089,832
stock
Total
.
30,0^4
Dbolittle, Schoel.kopf
4,565,000
4,024,317
1,089,832
2,176,471
.4...>._.^.ii
certain
Deferred
the
.
&
'Mix:
4,682,700
1,362,290
as
of
and
Coburn
;
$7,769,233'
6,890,000
,
.W.
2,045,357
5,375,000
■:
tic, JOO.OOO
bonds
Prop.,
com¬
$356,633
Taussig; Day
E.
1,817,622
*8,838,000
'v
Goodwill^
chain
1945
income
on
Ames, Emerich pi
Courts, & Co.—.1
y
1.679,362
6,304,000 ■*! 1,061,509
and accts. receiv.
—V.
v-
10,714.047
3,538,761
Govt,
Invest,
of
.
11,929,939
paiu
Inventories
store.
the
bv
company
30,000 wts.
1945,
Name—'., \ '
Alstyne, Noel & Co.
T
(Including Subsidiaries in the United States)
Profit
OF
Van
American Radiator & Standard Sanitary Corp.—Earns.
f
owned
S.
Notes
corporation
ISSUE—Company will receive from the sale of 50,COO
common stock and
from the sale of 30,000 stock purchase
(net), approximately 8353,600, ot which 868,517 will be used
reimburse
shares
1506.
'
■
It is the present
$326,109
UNDERWRITERS—The
for
175,593
17,423,563
$5,083,126
fund
expected* to be used.for general* corporate
/
10,538,449
profits taxes
common;
Excess
company's treasury lor the cost (including accrued
calling the preferred stock and $65,500 will be used to
pay the balance of the term loan* to Chemical Bank & Trust Co.
The
balance of such
proceeds,
amounting to approximately $219,626, is
"net
on
■equity of American Power <fe Light Co. in income of subsidiaries.".
-
U.
1946.
the 30,000
dividends)
respectively, and this was offset by accelerating the amortization
•of debt discount and expense (included in the item "interest to public
1945,
11,610,894
Cash
Oct.
of
80,484
17,232,623
ASSETS—■
to
the
of
2,846,886
profit-
authorized
warrants
to
417,603
480,324
.>19,640
CONDENSED
Selling sharenolder.
31,
financial
income
shares
.
and $3,572,000 in the provision
and .12 months ended Aug. 31.
the three
11,036,539
4-.0,262
'629,165
10,972,460
replacing
PURPOSE OF
.
& Light Co.
12,521,480
475,158
351,665
products sold.
*Cost
oi
products
so.d
includes
a
provision
$3,500,000 for current cost (in excess of normal inventory value)
1,000 warrant will be sold by the company to key employees and
others rendering services to the company as the President shall deter¬
mine.
'
~
'
x
*
Service Co.
Federal Jncome
right
29,
Aug.
such
to
30,000'shares
Angerman
secretary; 500 warrants.will
>
respective periods whether
unearned.
or
'
than it would have been except for such benefit.
dividend requirements applicable to
•«arned
Texas
in
ll/o50,919>. 18,336,947
of
on or before 2 p.m. (EST),
1, 1948, >one share of common stock (par $1).
warrants, 15,000 warrants are being sold by the com¬
pany
to the
underwriters at 10 cents per warrant share.
OX the
remaining 15,000 warrants, 12,000 warrants will be sold to William B,
Friedman, a vice-president and director; .500 warrants will be sold to
Tracy Brown, a vice-president; 400 warrants wU be sold to I. Cyrus
Gordon, director and counsel; 400 warrants will be sold to Frank L.
Giuti, general counsel; 200 warrants will be sold to Peter V. Wensel,
Federal
connection with the refinancing in January,
1944, of Florida Power & Light Co., "net equity of American Powen &
ILight Co. in income of subsidiaries" is approximately $500,000 and
$1,000,000 more in the 12 months ended Aug. 31,
1945 and 1.944,
§Full
the
Authorized
warrants,
years .ended
WARRANTS—By
*13,775,200 H4,016,966
allowable
deductions
non-recurring
purposes
.respectively,
has
possession
before
be
the
of
JUS
income--
Of
♦
of
holder thereof to purchase at
on
sU..
charge--.
dividends
sockets
was
1
^
deducting post-war credit of $873,500 in 1944 and $982,000
in 1943. ;;tReduction in taxes to be
paid, or refund in taxes, in tho
event that inventories of
cqrtain oils are replaced as provided in cost
stock
tne
<net)_
Jucome
Net
4,-1)6,215
^
"After
the
as
stock,
cti C
operating
Total
2,375.807
380,806
2,237,551
79,197
deductions
etc.,
Tncome
or
win
.
July 31,'45
$3,172,995"
Federal taxes
above).
4,*3^,8UU
outstanding (no par)
Earnings per shares..
17,065,692
Lt. Co.—
(as
Shaies
of
3.262,525
Pr. &
Am.
INet
•
results
sales!
Other
profit
taxes to
Surplus'
v
the
com¬
pany in
income
subsidiaries
•
A-'twf■'
prepared
Net
5,i3o.(>)k3
Net; profit'
48.472
21,356
1G.986
--
the
by
Cost of sales and exps._
1,969
stocx
6 Mos. End.
mi-
of
take
*
years-ended-Jan.
respect to
Net
•'Net
-■!
of
sold
be
to
6,597,898
4,001,414
landlord
of a high-class retail
operated as part of the
be
whose
>
common
•
Portion
However,
ou<»»-ation
shall
common
upon' exercise
•>'-1
2,390,442
>11,284,929
Common
aggrgate
The data with respect to the remainder of the period have
been
prepared from the financial statements included in this pros¬
pectus and should be read in conjunction with such statements, the
related notes, thereto,
and the-opinion oi
ivfessiv.
Peat,
Mar wick,
Mitchell & Co., Independent Public Accountants.
acqui¬
4,549,282
divs.
the
1950.
.
lease
share-prior to Oct.11, 1948
sutck
seven
^
15,411,75-4
income
Red. in
.company.
15,906,077
adjustments
this
finahcing is
:
,
authorized
with
39,900,879
40,854,048
3,402,646
—
Balance
JPfd.
9,683,994
other
< net)
in
"Hughes/Inc."
capitalization
present
-
purchase
been
8,305,755
(he
SUMMARY
39,504,646
175,133
—
as
transfer
store
tCftiAorma
«
to
the
common
income
the
11.726,020
w
Gross
31,
does not
the store on
stock..(pgr $1 v..
$8 per
'Of
9,958,787
2,566,349
that
the
>
issuance
deplet.
< net 1
Aug.
The
years.
on
to
for
•'
Warrants
55,559,224
t6,499,126
company
CAPITALIZATION—The
*
2,966,749
16,961,290
taxes
conditions permit and restrictions *on the use of building
are^witnurawn, to make sucn alterations to the premises
summation of
"S
12,846,064
revenues
income
$
___
approps.
oper.
Other
$
34384,106 135,841,537
—
&
to
oompany
corporation known
intended
Common
32,448,941
taxes
Prop,
exceeded
pany with the exception of such small number of shares of stock
the company may tteeide to sell to me manager ox suciv store.-
1945—12 Mos.—1944
2,714,183
23,472,990
Normal, State ^ Canca.
has caused to be organized Under the laws of the State
a
i/y nugw##,' ibev
Subs.)—Earnings—
—
revenues
expenses
taxes :
-Federal
(&
1945—3 Mos.—1944
Subsidiaries-
Operating
Operating
have
lease: runs
the
be
mav
is
It
provision has been made or is believed to be required for
162, p. 666.
■
Period End. Aug. 31—
if
of-the
and. when
liitateriais"
profits tax.—-V.
-excess
the
period of five
lease
company
intentP*n
4457
share
com.
NOTE—No
•
1,996
-
•
income
per
•
•
•
--
.
this
of California,
of
inc:
montlv and
premises and start alterations
The
propor-
net
consol. subsidiaries-—
J
:
conting.
of
tion
**' 1
13,021,311 ja
026,794
Fed. excess
1,
additional
an
-cancel
13,994,541
t,o.8,7l4
Profit
.
the
rent
for
write-down
of
Amort.'
;
in
premises
no
20,758,807
,1.442,168
Other
Illinois,
mainly
to-the stores listed above, the company holds a. lease on
at 1224-1226 Washington St.,. Oakland, California.
There is
payable under this lease until the company takes possession
of
the
premises and the lease then runs for a term of. 10- years
thereafter with two successive options of renewal, each renewal being
631,561
'
257,959
Depletion
:
•'
649:050
202,251
for-
'
1,855,439
Balance
"■
addition
In
-4T"
' 17,42_»,633
gen. fz admin, exp.
Operating
it
a
revcnues-L._';-
__—
Interest
contains provisions for cancellation by the tenant on six months'
and. thus the obligation.to pay rent thereunder may be limited.
lease
notice
_______
<
Oregon,
never
$
149,848,450 121,958,172
157,145,771 169,282,2051135,853,509 108,936,861
:-*.
15,574,x>»4
Miscellaneous
1945, iiie company closed its store at 306 Chestnut
Minn. ? The fixtures were sold for $2,500.
As of the
assigned the" lease to a new tenant without, however,
relieved from liability for the rent'under the lease.
The rent
$225
is
•
' in
customers
1942
$
HO.041,013
%;i
§ept.
being
other than tne.and taxes incl.
Taxes,
/
1
Sell.,
'
1943
.''$
—:
oper.
*
la44
1
.,
-172.719,965
sales^ -etc.-—
f,: Total
and
from
$
'
i
soT-
;/■'•
■
date,
'
<
no
i
Balance
Other
Virginia,
said
of
Cost
,
'
$5,124,194
392,247
.
'
>i
i
'X Net sales
other accessories.« All sales are on a cash
credit
is extended, except in one store
in Wisconsin
where budget' charge accounts - are permitted and bal-
Bay)
/ancescdue
$3,670,967
1,056,936 ' >1,453,227
51,666
income
Total
corresponding
Years End. June 30-—1945
Massachusetts and
popular price range
and consists of women's and misses' apparel; such as
dresses, suits,
fur, fur-trimmfid and cloth coats, slips, sweaters, skirts, blouses and
underwear, i Company.' intends to expand ftg lines by adding lingerie,
on
\
.
Colorado^ Kansas,
hosiery;" handbags
$3,756,679
/ rf'v
the
of
on
Pennsylvania,-. Merchandise sold is
-
$1,267,492
382,542
J
.
for
Archer-Daniels-Midland Co, (& Subs.)—Earnings—
the
decrease
a
director of the company.
a
'Utah,
More Owned)
or
1945—3 Mos.—1944
below.
items
-
kwh.
for
company
kwh.,
■
$1.54
<:
of: 85,789,000
p." 2010.
this
/three
OAfter deducting minority interest in United States Gauge Co. earn¬
ings.
/Including minority interest.—V. 162, p. 1634. "
•
,
i
162,
of
80,477,000
BUSINESS—Company operates a chain of 41 retail stores, Including
through wholly owped subsidiaries, five through partially owned
.•.subsidiaries and two through an affiliated company.
In addition, it
operates four leased
departments in stores owned by others.- The
stores
and leased; departments
are
located in Washington, Michigan,
Wisconsin, Montana, Idaho,- low's, Minnesota, North Dakota, Indiana,
63,013
131,500
$156,334
23,000
profit.
$1,866,637
$750,042
$315,646
30,744
inc.
output
properties
totaled
Co., Inc.—Stock Offered—Van Alstyne,
Nov. 'I offered 90,000 shares of common
stock ($1 par) at $8 per-share.
Of the offering 40,000
shares are for the account of David F. Engel, President
Angerman
Noel &. Co.
and
-
1945,
27,
1944.—V.
of
theelectric
of
output
ended
6.2'!c
$2,898,439
Expenses
Power
week
12,734,447
$622,263
American Water Works & Electric Co., Inc.—Output—
-
■:
.
$15,632,887
3,187,707
sales
on
1945—9 Mos—1944
$4,783,922 $10,000,397
$3,809,970
sales____-___L_
of
Cost
1945—3 MOS.—1944
2139
i
ii+ii.*.
in
Dominion
$21.00
per
of
year.
.
r***?*>.-,.JP
Corp., Chicago—New Name-A
f-Xr.
Republic Aircraft Products Division, Detroit, Mich., and
Spencer Heating Divieion, Williamsport, Pa.
American Propeller Corp., Toledo, is a wholly-owned subsidiary.
Associated with AVCO are Consolidated Vultee Aircraft Corp. of
San Diego. Calif.; the New York Shipbuilding Corp of Camden, N. J.,
and the American Central Manufacturing Co. of Connersville, Ind.
'v'
i
■IJ
Wheel Co.—Changes Name—
of this company has been changed to
Athey Truss
"Athey
name
corporate
Tne
passed by a
of share¬
of Incorporation
and certificate
covering this action was issued by the Secretary ot State on Sept. 17,
104b.
There has been no change in the capitalization of the company.
Corp.", wnich action was voted upon and
majority of shareholders at a special meeting
on Sept. 12.
Amendment to the Articles
riied with the Secretary of the State of Illinois,
Products
two-thirds
held
holders
was
—V.
161,
1310.
p.
RR.—Earnings—
1S44
1943
Net
ry.
railway
from
Net
-
$528,386
128,043
33,561
5,457,079
4,259,343
25,795
income.—
oper.
From Jan. 1—
railway
railway
from
341,410
income—
•Deficit.—V. 162, p. 1634.
Net
oper.
ry.
Net
'263,916
$479,310
172,954
'18,229
34,403
$419,042
157,225
35,099
$377,856
173,485
74,653
4,019,347
4,284,245
1,623,198
3,932,305
1,764,405
2,796,348
300,748
370,818
income—
•Deficit-—V. 162, p. 1634.
Net ry.
oper.
817,985
225,901
the
Atlantic Coast Line
Operating revenues
Operating expenses
Equip°. &~jt. facir.
Net
—V.
162,
—
—
450,000
8,318
rents_
$
5,471,322
10,494,730
3,52*690
redemption,'
„
cinpp
.
in tne
preferred stock outstanding at
formed in 1936, only 243,711 snares, Mr.
469,253 shares of
Of the
corpoiation
was
Mr.
Odium
Atlas Tack
directors
The
the
on
par
no
quarter during
each
farm
Idea's
tlncome
taxes
Aviation
of
Net
of
Earnings
of Preferred
Ended June 30—
Tears
sales
Net
Co-t
common
Baltimore & Ohio
~
—
$543,189
45,026
Net
income
Total
MONTHS Ej'DED
AUG.
31
1,763,491
ry.
2,188,329
1,386,000
220,000
$313,517
52,127
68,953
$290,764
52,127
68,953
$1.89
—
$1.73
54,698
Federal income taxes
for
1 Provision
Net
profit
Preferred dividends
73,300,096
80,819,546
4,963,995
34,071,966
4,593,754
39,331,882
757,941
220,373
2,683,190
303,173
3,227,411
33,154,208
461,919
3,613,935
Joint
facil.
Net
Other
rents
Common
dividends
Earnings per
—
__—
common
$83,548 in 1945
share
;
income
•After
income
Miscel.
and $82,328
SHEET, JUNE 30,
BALANCE
1945
and
expenses
deferred
$1;
patents,
$61,372;
charges,
total,
:#
ment
,
LIABILITIES—Accounts payable, $126,395; accrued wages and com¬
missions, $38,741; accrued taxes,
other than Federal income taxes,
$45,941;
accrued interest on 12-year 4% sinking fund debentures,
$9,587;
prov.sion for Federal income taxes,
$243,626; 12-year 4%
sink.ng fund debentures, $719,000; reserve for possible future inventory
losses and other contingencies, $150,000; 6% preferred stock ($25 par
value),
$868,750; common stock
($5 par value), $689,525; paid-in
surplus,
$647,233;
earned
surplus, $1,216,946;
total,
$4,755,745.—
V. 162, p. 1387., ;
•.
.;j.»
2,264,272
2,068,127
19,991,168
20,604,056
income
632,893
1,528,112
16,030,114
18,095,275
Orders
This
New
has just placed
company
the
directors
on
the board,
on
26.
Oct.
record
of
Rights have been issued to purchase one share of preferred for each
The rights will expire on Nov. 7. Each
20 shares of common now held.
of
share
the
preferred is convertible into
stock at $8.50 per
common,
in
share, equivalent to 5.88 shares of common stock for each share of
preferred.
The holder may exercise this option at any time prior, to
10 days before redemption.
The offering has been underwritten by a group of investment bankers
headed by Lehman Brothers and Emanuel & Co.
It Is contemplated
that any portion of the stock not subscribed for by AVCO stockholders
will
In
re-offered
be
addition
writers
a
Dec.
underwriters.
above
of
stockholders,
redemption price of the $2.25 stock is $55
1947,
i,
a
the
shares,
and
distribution
Jan. 2,
on
on
under¬
or
New
been
of
of the City
of
New
York
New York,
of the $2.25 cumulative convertible preferred stock.
New Vice-President Appointed—
R. C.
been
division,
The
ap¬
has been
named
Corp., Irving B.
• •
.
bonds-.
$63,621
4,175
—.—
$67,796
27,755
—
.i,—
.
—
Dividends declared on capital stock
•
.
6,999
.
.
/(
:«->y
%
.
last,
1,
p.
as
against 2Vn'h
2010.
3%%
Bonds—
1945
1944
1943
$11,592,023 $11,094,005 $10,538,531
1,334,217
1,109,071
909,166
931,000
717,000
561,000
-
taxes
profit
—
-
--------
$403,217
shares
per
$392,071
$348,161
178,200
178,200
178.200
$1.74
$1.67
$1.37
outstanding
share
common
1883.
p.
Bath Iron Works
Corp.—Earnings—
6 Months Ended June 30—
Gross
1945
income
•Net
profit
Earnings per
•After
share
common
contracts.—V.
162,
$4.84
Bausch & Lomb Optical
(Including U. S.
>Net
a
reserve
$3.85
Gross
war
Co.—Earnings—
and
Canadian
Subsidiaries)
Sept. 30—
1945
1944
$879,481
$842,892
&
of
patent
1943
1942
$3,924,510
1,663,495
1,732,861
$3,418,809
1,904,088
104,918
exps.__
110,597
127,918
136,711
bldgs.,
of
cigar
licenses
rights
1944
$3,408,426
1,458,742
autos
cost
-Earnings-
1945
$3,897,586
:
;
Prov. for depr. of
equip.
(& Subs.)
Sept. 30—
adm.
gen.
Amort,
of
charges and taxes.—V. 162, p. 2010.
profit
Sell.,
$3.19
for renegotiation
profit
'After
1943
1508.
p.
9 Months Ended
1944
$53,851,392 $73,562,151 $58,062,721
2,027,000
1,613,343
1,336,000
—
charges, Federal taxes and
and
4,669
4,733
4,674
4,317
$2,124,504
$1,834,354
$2,059,057
$1;373,693
—
Profit
Disct.,
misc,
of
rental, divs. and
inc.
(incl. divs.
$10,500
Total
Int.
from contr.
1945
'
not consolidated).
co.
on
Prov.
income
Divs.
—
notes pay.
for
taxes
profit
on
inc.
...—-:
common
69,872
$2,194,376
8,235
—
48,987
48.452
$2,106,044
$1,422,145
.
•'
"
1,674
(962,234
22,548
43.686
•*1,063,064
§626,807
$994,303
$922,336
$1,022,432
442,199
442,198
442,198
$751,652
442,198
$2.35
$2.60
$1,91
stock
per share
common
stock
51,890
$1,886,244
*1,191,837
(net)'
on
Earnings
on
$2.53
Pennsylvania income tax,
$67,422; Federal income tax and
$594,641; Federal excess profits tax, $529,775.. .(Includes $57,590 for Pennsylvania income tax, $594,541 for Federal income tax
an$
surtax, and $310,102 for Federal excess profits tax and renegotiation
refund
on
creased
rates
tax
contracts,
glncludes $182,000 contingency for
in¬
Federal taxes oh income.
No Federal excess profits
••Includes $63,848 Pennsylvania income tax, $407,830
profits tax and $591,385 Federal income tax and surtax.
war
of
liability.
—V.
162, p. 667.
,
1,682
$48,722
from
Net ry.
't
$230
Net
from
ry.
1944
-Earnings—
4:,>1943
1942
$914,275
$755,378
408,097
482,558
465,311
*23,048
.77,709
130,841
313,571
7,529,816
3,617,157
T
9,503,347
7,478,695
5,407.293
5,368.611
3,615,033
2.960.765
732,332
1,232,488
927,682
2,037,337
/
railway
railway
oper.
,
163,146
oper." income—.
.'
...
$861,219
railway,.!,,-^..
from
1945
$551,788
railway
From Jan. 1—
Gross
48,493
,4
September—
Gross from
Net
,
v
Net
Net
(after deducting amount
charged to net profit from sales of securities of $78,283)
Balance, Sept. 30,
-
Oct.
Beaumont Sour Like & Western Ry.-
Vice-President in charge of sales for
Babcock, President, announced.
;v
cn
(& Subs.)—Earnings—
taxes
Earnings
—V. 162,
$40,041
Total
<•
on
Sept. 30—
>
before
Common
(before adding net profit of $183,012 on sales
distribution account at Dec. 31, 1944
Portion of net amount received on sales and repurchases of
•r
/'
ACCOUNT FOR NINET
1945
Balance of income and
agent
.
»
;
on
Net income
Vice-President and General Manager, manufacturing
Crosley Corp., which was recently purchased by The
Corp..
Aviation
MONTHS ENDED SEPT. 30,
dividends
capital stock, allocated tor distribution account^__.._..i—,
-
made
was
Barker Bros. Corp.
Federal excess
Cosgrove,
Aviation
The
has
transfer
each
surtax,
of/ investments)
Bank
and Schroder Trust Co.,
l'A'/p
April 2 and July l, 1945.—V. 162,
Sales
Net
F.
;
Total
Expenses
Inc.
National
registrar
1 ,/4 c/e
called
•Includes
v,
and decreases at stated periods until Dec. 1, 1953, when
Idea,
Chase
of
the
of
machine
1945.
the
E.
Income—Cash
acquisition of controlling interest in The Crosley Corp.
The
dividends
outstanding first mortgage 33/4% bonds, due July 1, 1966,
for
redemption
on
Dec.
1,
1945,
at
107V2
and
interest.
Payment will be made at the City Bank Farmers Trust Co.,
trustee, 22 William St., New York, N. Y.—V. 161, p. 458.
President.
before
recent
and
board of directors,
Axe-IIoughton Fund, Inc.—Earnings—
at $50 a share.
Dividends are payable quarterly F.-l.
the offering will be used to reduce bank loans incurred
pointed
the
new
company
in addition ~ to Messrs. Millar and
Salsbury, Vice-President; Gerald R. Case, Treasurer,
Morgan W. Lowery, Secretary.
of
are
Interest
share
two
Bangor Hydro-Electric Co.—Calls
All
have
'
making
Proceeds of
the
sight for
Oxiicers
it becomes fixed
in
of
STATEMENT OF INCOME AND DISTRIBUTION
to
declared
25
Jan.
A
an
Carroll
.
shares offered
to purchase 10,325 additional preferred
300,000 shares,of new stock to be issued.
are
total
The
the
by
the
to
Chairman
is now engaged in the production of a line of light¬
aircooled engines for transport, industrial. and agricultural
automatic variable speed drive, consisting of an automatic
clutch
and
transmission;
a
streamlined' motor scooter;
industrial
'plant trucks, and package delivery cars.
For
the past year the company
has been engaged in intensive
development of the aircooled engine, the automatic drive and vehicle
projects acquired from the Salsbury Corp., one of the country's
"leading "designers
and
marketers of motor" scooters and
driving
mechanisms for lightweight vehicles,
Mr.
Carroll reported that production is now in progress on five
of the new products and that sales in excess of $5,000,000 are already
Oct. 26 announced the
offering of 289.675 shares of $2.25 cumulative convertible preferred
stock, without part value, at a price of $50 a share to stockholders of
Chairman
Oct.
5% cumulative preferred stock, par $100, both pay¬
1, 1946 to holders of record Dec. 6, 1945.
One is for the
quarter ended Sept. 30, 1945, and the other for the
quarter ending
Dec. 31, 1945.
\
The company
Receive Right to
Emanuel.
Millar,
Standard
weight
Aviation Corp. (Del.)—Common stockholders
Purchase New Preferred Stock—
(The)
W.
Pullman
outstanding
able
Bayuk Cigars, Inc.
inc.,
use,
Victor
\j
change in the name Gf this corporation to Salsbury Motors,
and
conversion of the company's aircraft
assemblies plant to the
manufacture of an entirely new line of products was announced on
by Richard
Don I. Carroll,
the
Bangor & Aroostook RR.—Pays Dividend Accruals—
The
industry.—V. 162, p. 1883.
23
order with
an
& Manufacturing Co. for eight
sleeping cars, each containing 16
duplex-roomettes and four double-bedrooms,' for use on the Capital
Limited, its over-night train between Washington and Chicago.
De¬
livery is scheduled for the third quarter Of 1946.—V. 162, p. 2010.
9 Mos. End.
and
Equipment—
Car
tax refund of $735,000.
1 After post-war refund of
including $77,594 adjustment in respect of prion years.
Avion, Inc., Los Angeles, Calif.—Changes Name-
Oct.
746,861
charges
$0.49
American
Airlines, Inc.» Pan American Airways Corp., and Roosevelt Field, Inc.
The corporation has entered intc a contract to purchase controlling
interest in New Idea, Inc., an old-established firm in the farm inple-
$4,755,745.
93,091
$2,810,486
$0.55
approximately 88fic of the stock was acquired duiing August.
The Aviation Corp
also has substantial investments in
receivables
prepaid
$3,199,871
$0.37
the corporation,'s equity in
the undistributed earnings of associated companies which are not con¬
solidated, namely, Consolidated Vultee Aircraft Corp., New York Ship¬
building Corp., and American Central Manufacturing Corp.
The figures
also
do not include
the earnings of The Crosley Corp., of which
$640,930; U. S. Treasury certificates, at cost, $890,(after reserve for bad debts and discounts of $43,000),
'$537,008; inventories, priced at the lower of cost (flrst-in, first-out)
or market, $1,605,483;
investments, $5,058; plant and equipment (after
reserves
for
depreciation and amortization of $855,497), $1,015,233;
uV':.,
$2,159,739
share
$428,871 in 1944 and $867,240 in 1S43.
The consolidated earnings do not include
tax.
89,198
39,449,533
750,202
Net
876,000
'6,041,000
855,000
NOTE—Depreciation and amortization of fixed assets for the nine
months ended Aug. 31 was provided in the amount of $476,589 in 1945,
ASSETS—Cash,
659;
801,600
income..
■
36,768,143
Fixed
Federal
17,045,406
726,000
net
5,039,411
«
3,689,330
deductions
194,417
600,000
&
34,410,122
'2,986,363
post-war
$869,594,
and
depreciation
91,598
123,093
750,000
tax
5,568,706
1,508,836
1,480,168
■
Total
Profit
surtax.
Consolidated
amortization of
in 1944. INo provision required for excess
for
provisions
deducting
•After
.
for
(net)
income
oper.
ry.
220,758
proiits tax
post-war adjustment.
income
excess
Earnings per common
^
——
normal
Provision
S
9,169,720
•
220,757
136,298
goodwill
of
$
576,964
177,042
1.254,570
$3,724,427 $12,508,339 $10,997,661
income
1945—9 Mos.—1944
$
33,021,413 283,229,167 291,988.563
23,851,693 209,929,071 211,169,017
$9,743,091
1,601,794
income
1945—Month—1944
1,439,395
1943
1944
1,684,832
profit
Sept. 30—
fr.
rev.
on
162,
4,876,591
SUBS.)
$2,122,633 $11,122,339
Expenses
Operating
(INCL.
$25,020,178 $49,303,547 $57,234,555
21,2)2,710
36,417,717
45,303,135
sales
of
Cost
Federal
$512,455
36,691
185,000
charges
Interest
proiits
other income..?
transition.—V.
opers.
each
1945
Fed.
30,682
post-war
Railway
tax
accrualsEquipment
rents
(net)
Kitchen Ranges—
stock.
paid, cash dissts. on sales, etc.
Fed. cap. stock <Sz State corp. taxes
$481,773
$583,215
from operations
Interest, rentals, discounts and
profit
•Net
$4.45
Pennsylvania taxes
$
and Common Stocks—
Int.
527,317
ncrt *-'cc
and admin, expenses-.
1,263,653
$3.76
RR.—September Earnings—
-
Period End.
Exchange has authorized the listing of 300,000
FOR NINE
Amortization
$4,179,273
3,170,182
$4,794,000
3,500,155
750,656
—
sales——*
of
Beding, shipping
1944
5,782,226
1,276,946
$2.63
share—;
per
income and reserve for contingencies and
cumulative
$2.25
sales
Net
Total
,1945
20,916,740
4,959.666
26,698.965"
•Before renegotiation of war contracts.
(Includes estimated provision
for renegotiation of war contracts.
Federal and
gas
York Stock
EARNINGS
Other
Sons Co.—Annual Report
s
4,402,432
1,612,850
shares—:
common
9 Months Ended
(B. F.) Avery &
1943
•
.
29,389,666
24,430,000
26,590,000
profit
Number
Corp.
pew
its
of
shares of
1944
$
30,992,432
etc..
taxes,
'
and power equipment,
include both hand
products
preferred stock, making the total amount of stock applied for 300,000
shares of cumulative convertible preferred, and not to exceed 8,168,513
May 31, 1945, and In
,ny(e
.....
before
22,450,067
was
convertible preferred stock (no par)
and not to exceed 2,000,000 shares of common stock (par $3) to be
reserved for issuance only in satisfaction of the conversion rights of
the holders of such 300,000 shares of $2.25 cumulative convertible
Corp.—To Pay 50-Cent Dividend—
on Oct. 31 declared a dividend of 50 cents per share
value common stock, payable Nov. 30 to holders of
A similar distribution was made on Aug. 31, last, as
cTmpLTwim « SrkcT»7™»"i8-.i.d0 cents i
.
-V. 162, p. 874.
„
Profit
expenses
Listing
corporation; after providing for this redemption of
of preferred stock, amount at present to more than
redemption pr.ce of the remaining preferred stock,
said.—V. 162, p. 2010.
p. 2010.
199,953,975 227,486,889 209,290,724
oper.
The New
the
and
has qualified
162,
1944
$
open
Babcock
Irving B.
21,
shares
shares
t.mes
realized
on
Subsidiaries)
1945
•Sales
Railway
Odium said,
the
of
Assets
100,000
five
taxes
as company
Works—Earnings—
Wholly-Owned
27,326,658
the time the
The premium of $5 per
share in
corporation in 1943 on all
of its prelerred stock then
outstanding, so there will be no charge
to surplus or earnings in connection with the shares now being re¬
after the. present redemption.
redemption was set aside by the
deemed.
(Including
12 Months Ended June 30—
revenues
remain
w.li
to
shortly will begin large-scale production and
and electric kitchen ranges as part of its
peacetime reconversion program, it was announced on Oct. 30 by
Irving B. Babcock, President.
The range, which is radically different in design and performance,
v ill
be on
the market early next year, Mr. Babcock said.-
.
structure."
caplial
regulated
a
oper.
The
outstanding preferred stock of the will result
company,
iq?fi and Dr0bably
since 1936 and probably
preferred stock from the company's
mv
reducing the
.
investment company.—V.
prior years as
income
required,
which
at
will .remain
marketing
that has been going on
eventual elimination of all
process
a
offer
an
To Market New Gas and Electric
.
rcuuuus
ru
step toward
made
29
spreaders, transplanters, farm wagons, portable grain ele¬
vators, hay loaders, side delivery rakes and tedders, mowers, corn
shellers, husker-shredders, corn pickers, lime sowers, and attachments.
Redeem'100,000 Preferred Shares—
26 voieu tu j euLeni .w,vw
28 voted to redeem 100,000 shares of the
ion's outstanding
corporation's outstan"~~ preferred stock at the redemption price of
$55 per share, plus accrued dividends to time of redemption.
share, plus
rr.rf»mnt.inn."
said
Floyd B. Odium, President, "is another
"Tiiis
in
to be
Railway
Oct.
Oct.
on
on
)rs
directors
Federal
including
Corp.—To
Atlas
Tne
; ;;:'.V
NOTE—No
provision for
unrealized proiits is believed
p. 2010.
New
2010.
P.
$4,697,770.
elected Chairman of the board and
William F. Wise, President.
Other officers elected are: W. A. Mogensen,
Vice-President in charge of Finance; L. I. Hartmeyer, VicePresident; and R. S. Pruitt, Secretary.
Officers formerly with the
company and continuing to serve are: T. H. Oppenheim, Vice-President
in charge of Engineering; J, H. Oppenheim, Vice-President in charge
of Sales; and J. A. Oppenheim, Treasurer and Assistant Secretary.
Mr. Synck is retiring as President, but will remain as a director
with the company and as the principal consultant.
1945- -9 Mos.—1944
554,372
„
the following; Irving B. Babcock, Detroit, Mich.;
Rochester, Mich.; F. B. Dean, Chicago, 111.; Victor
Emanuel, New York, N. Y,; Benjamin H. Namm, Brooklyn, N. Y.;
J.
A.
Oppenheim, J. H. Oppenheim, T. H. Oppenheim, and Henry
Synck, all of Coldwater, Ohio; William F. Wise, Detroit, Mich., and
Harry Woodhead, San Diego, Calif.
At a meeting of the new board of directors, held in Cleveland on
117,407,258
68,637,838
34,750,000
101,603
Oct.
bers, composed of
Carlton M. Higbie,
1,122,721
441,027
11,594,670 106,967,120
7,663,246
78,741,529
3,250,000
19,550,000
127,052
3.204,269
9,081.966
8,522,045
income.
oper.
ry.
RR.—Earnings—
1945—Month—1944
$
30—
terms
same
offer
Oct.
Period End. Sept.
on
the controlling interest was acquired.
through Nov. 30, 1945.
An agreement for the purchase was reached with managing officers
of New Idea, Inc., on Sept. 25, and is another step in the peacetime
diversification and expansion of Avco, which was devoted wholly to
war
production for the duration.
The board of directors of New Idea has been increased to 11 mem¬
1942
railway
Net from
New
on
1945
$330,997
railway
from
of
also
Corp.
,
LIABILITIES—Payable for securities purchased, $26,576;
payable for
capital stock purchased, $4,292; accounts payable and accrued expenses,
$3,638; provision for taxes. $3,627; capital stock (par
$1), $268,381;
capital
surplus, $3,665,672;
deiicit
(subsequent to Dec. 31, .1939),
$176,730; unrealized net appreciation of
investments, $902,314; total.
29 completed purchase
all stockholders
Idea, Inc., to purchase outstanding shares of New Idea stock
Aviation
1,103,915
315,822
1943
income—
oper..
ry.
New
•
Baldwin Locomotive
of the controlling
Idea, Inc., manufacturers of a wide range of farm
implements, Irving B. Babcock, President of Avco,
and
30, 1945
on
deposit, $749,028; investments at market value
$3,005,561), $3,907,875; receivable for subscriptions to capital
stock, $32,439; dividends receivable and interest accrued^ $8,388; de¬
ferred charges, $41; total, $4,697,770. ?
<<"/-•
r
•
(cost
Acquired—
announced.
-Earnings—
From Jan. 1—
Gross
'
1944
September—
Gross from railway
Net from railway
in
interest
BALANCE SHEET AT SEPT.
■;
,
ASSETS—Cash
•
that position.-
The Aviation Corp. on Oct.
184,048
78,891
1,801,829
579,388
In
will continue
Control of New Idea, Inc.,
This
West Point R.R
Atlanta &
•
manufacturing division, where he has been active in the develop¬
of Crosley in the radio, refrigerator and major household appli¬
ance
field.
He is also President of The Crosley Distributing Corp.,
Its
ment
machinery
5,874,548
1,304,618
298,083
6,485,277
1,511,032
from
Gross
Net
Cosgrove. in addition to his new duties, will continue as VicePresident and director of The Crosley Corp., and General Manager of
1942
$596,121
102,450
26,662
American Airlines, Inc.;
Inc.
and Roosevelt Field,
Corp.,
Airways
in
investments
substantial
has
American
Mr.
$562,656
$434,601
*
138,503
railway
from
Gross
also
AVCO
Pan
and
& Coast
1945
Atlanta Birmingham
September—
Pa.;
port,
Co. below^
Truss Wheel
Athey
8ee
include the Lycoming Division, Williams-
AVCO manufacturing units
Athey Products
Monday, November 5, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
2140
income—
•Deiicit.—V. 162, p.
1634.
vrrw~
:S
yyty
•V
-Vj.
yy
7':
Vv
I,.
.-s.
•
..
•
i
:-"""V. '''V'V
Number
'
•
,'
•>' •V'V' V-'1
-
\,r.
•<.*
pilot
of
Beechcraft
prior
Forces.
to
entering
COMPARATIVE
formerly
Army Air
»•»
the
'
*
t
7
y'-
before
Fed.
exc.
Net
chgs.,
Fed.
norm.
Fed.
Sept. 30—
after
1945
taxes—
$4,460,569
810,000
810,000
profs,
of
taxes..
2,085,000
outstdg.
p.
Bell
$20)__
(par
per
162,
"
Net
$5,861,72a
920,000
2,945,000
3,066,000
$1,988,867-
$1,895,722-
437,524
437,524
437,524
$3.58
$4.16
$4.55
share
Net
437,524
$4.33'
•!
9,600,000
$3,900,000
contingency
reserves and
without provision for renegotiation.
$4,107,733
at beginning of period
$1,082,733
4,720,914
4,386,406
—
and
surplus
________
5%
on
Dividends
on
Chief
C.
and
Robertson
Donald
has
has
Officer
William
has
L.
L.
been
Trouant
been
elected
$5,381,677
been
of
President
Executive
and
have
elected
as
elected
Belmont,
Dunn
this
of
corpora¬
to
succeed
the
parent
Treasurer
Vice-President
Charles
been
Secretary.—V.
Bendix Aviation Corp.
made
and
161,
M.
Hoiman,
Cash
for
est.
taxes,
Assistant
accounts
Merchandise
Secretary
and
New
See
taxes
the
ahd
and
Deposits
2,379,685
2,093.967
L
5,020,027
1943
$
$
100,785,759
151,657,766
88,626,273
139,661,835
advances
130,208
joint
to,
with
TEuildings and building impvts.
iixtures
arid
528,450
'
"
Development
Lake
Erie
and
12,159,486
11,995,931
$5.74
$5.67
below.—V.
Corp.
24,677
ry.
1944
$1,745,682
447,712
income.,
417,116
14,224,428
oper.
336,363
from
Net
from
Net
ry.
—V.
railway..,
162,
cumulative
Earned
p.
in
$2,377,186
1943
$1,859,697
1942
$2,237,442
preferred
544,630
998,403
Aug.
1,093,525
507,283
369,152
4,
to
16,427,200
6,755,827
ment
1,713,698
2,690,716
law firm
compan
However, they
position as possible.
ies
in
always
are
exact
as
at
near
expenses
Provision
Fed.
inc.
Net
No.
for
Gross
&
excess
profits
of
shares
1,179,459
$837,353
—1,500,000
1,500,000
1,500,000
$0.42
$0.42
-Includes
earnings of the Rit Products Corp., the majority stock of
acquired by purchase on Aug. 1, 1945.
The consolidated net
figure includes the earnings of Rit Products Corp. from Aug. 1,
less
nominal
amount
applicable
162, p. 243.
the
to
small
minority
interest
tEarnings
♦After
Boston
$61,225
Net
185,438
1945
sales
♦Net
$12,567,243
profit
shares.-—V.
Earnings
$0.47
160,
2397,
p.
1943
1942
.
$14,351,109
887,837
—V.
161,
389,263
389,263
$2.74
$2.28
Blaw-Knox Co. (&
taxes,
income
and
profits
excess
per
"**"
share
have
reserves
$0.47
been
♦Net
&
taxes,
etc.
provided
1945—9 Mos.—1944
$2,065,191
for
$1.55
income
and
$1,390,113
$1.04
.
excess
1945
1944
1943
1942
—
$501,317
$412,318
$525,972
262,757
262,757
$1.52
$1.95
May 27,
:;7v:
program
step in
$1,775,921
$1.82
$3.22
share—
per
by
resulting
lower
were
1952; and certain changes were made in the interest
regarded as favorable to the corporation. •
of expansion
this program
and
was
rehabilitation
at
its
main
store.
The
brought about by the acquisition of the
which is being altered to house the ac¬
building at 155 East 60th St.,
counting, training and certain other service functions of the business.
This will provide space for additional selling area in the main building.
Although the property at 155 East 6Cth St. was acquired by the cotnpany after Aug. 4, 1945, construction has already begun. -:
,$2.38
has been
tBased on 745,364
162, p. 779.'
.—Annual Report—
Co.—Annual Report
nt.ated;
90
C.
The
,
2,669,842
months ended Sept. 30, 1945,
by reason of increased
interest on long-term debt.
$276,400
from
$2.31
y;.. ^»(>«;«**
,
nine
tor the
income
♦Gross
reduced
net
the
for
sales
ended
year
.«.
stated:
Winger* President, Sept. 22,
.v
.r
30,
June
194o,
k
*
•!
tV,
•
7^1
1
3,266,4
were
June 30. 1944, which was
products were $1,975,945
compared with $2,630,645 which was a decrease of 24,9%.
The net
sales of mercantile products were $4,290,551 compared with $3,783,506,
compared with $6,414,151 for the year ended
a
decrease of 2.3%.
The net sales of war
'which was an increase of 13.4'r.
The profit before Federal taxes
$466,585
■
fiscal year ended June 30,
$342,937 for the previous fiscal
for the
with
compared
,
,
was^
which was an increase of $123,648.
■
The net profit after provision for Federal, normal, and excess profits
taxes for the fiscal year ended June 30, 1945, was $258,785, compared
with $201,695 for the previous fiscal year.
This' was equivalent::; |9> ,v,
$2.61 per share for the 99,064 shares of class A preferred stock/out¬
standing as of June 30, 1945, leaving a balance, after the $2 per
share dividend requirement on the class A stock, of 22 cents per snare
earnings applicable to. the common stock outstanding.
'
the regular meeting of the board of directors on Aug. 3, .1945,
Of
$2 per share class A preferred share was declared,
$1 payable Aug.
31, 1945 to shareholders of record Aug. 17, 1945,
and $1 payable Feb. 14, 1946, to shareholders of record Feb. 14. 1946.
The net working, capital, as of June 30, 1945. was $1,801,122 com¬
pared with $1,588,281 as of June 30, 1944, which was an increase of
$212,841,
The ratio of current assets to current liabilities as of
June 30, 1945, was 4.12 to 1, compared with 3,83 to 1 as of June
dividend
a
retail
our
Ry.—Earnings1945
1944
$2,822,159
._
from
stores
to
10
15.
$2,993,130
3,422,819
3,053,091
we increased the number
July 1, 1945, we have opened
1945,
Since
signed leases for two additional, making a total
of 19 stores which will be in operation by Nov.
1.
All of our: new
stores have -been operating successfully and at the present time our
retail sales are showing a gain over the previous year.
^
,
two more and
have
we
ACCOUNT
INCOME
FOR
YEARS
of
Sell.,
1942,
$5,166,173
3,540,638
$1,021,927
670,754
$634,277
625,745
$L625,535
$351,172
$8,532
$701,957
37,800
sales-
Rr8,235
41,019
28,766
$342,937
$49,551
$730,723
200,000
4,970,802
profit
& adm.
gen.
from
30
1943
$3,736,966
3,102,683
;>v
$6,266,496
-—
Income
JUNE
ENDED
$6,414,151
y 5,392,224
$466,585
143.000
sales
$1,295,695
866,909
exps.
X
$428,783
oper—
(net)-
Other
$429,689
income
Total
income
Income
taxes
exc.
profits tax
Adj. for pr. years taxes
RR.—September Earnings—
1944
.
923,578
1945—Month-—1944
1945—9 Mos.—1944
$6,144,793
$7,492,716
5,041,079
5,300,747
48,573,571
48,189,917
$1,103,714
$2,191,969
$14,721,449
$17,637,830
949,175
176.188
*215,500
6,190,167
2,357,689
7,435,954
2,251.098
20,908
___
20,028
190,704
230,871
expenses
$63,295,020 $65,827,747
for
Net
decl.
revenues
A
class
(Dr)
Net
ry.
Other
income.
$408,416
139,594
$1,007,266
124,639
$5,932,889
$7,719,907
984,603
977.354
$548,010
$1,131,905
$6,967,492
$8,697,261
332,317
344,818
3,091,567
3,232,729
$215,693
oper.
income
Total
income
Rentals, int.,
—V.
etc
incbrne
$787,087
$3,875,925
$5,464,532
162, p.
1635.
paid
preferred
per
Total
revenues
Profit
after
Income
$1,552,784
292,323
j.
648,889
i
charges
taxes
—
162,457
256,604
$129,866
$392,285
1,000,000
1,000,000
$0.13
of
2.
capital
shares
Earnings per share
162, p. 875.
302,145
27,976
♦After
shs.
on
V
-
\
common
,
—
—V.
%y
of $1,800.
refund
JUNE
SHEET,
profit
of
accrued State and local
$11,250; accrued
Federal taxes on
income (after deducting U. S. Treasury notes, tax series, of $200,515),
$49,521; reserve for inventory contingencies, $50,000; class A preferred
stock (99,064 shares without par value 1, $990,640; common stock (par
value $1 per share), $279,764; c.apital surplus, $696,649^ earned;.;surplus, $467,8761 less class A preierred stock in treasury (700 sljares
at cost), $6,673; total, $3,055,142.—V. 160, p. 1628.
rent
452.
p.
_____
Net
$24,764;
(Defense
payable,
'$487,893;
Federal capital stock tax.
Corporation), $3,458; estimated
accrued
Plant
1943
$635,584
$525,014
145,000 I
145,000
$4.38
.
sales
Gross
1944
$684,645 i'
145,000
;
$4.72
capital shares.——
share
per
$3.62
charges and Federal Income and excess profits taxes.—V. 162,
•
' •'
; •
"
profit
on
Co.
(&
Profit
Other
Profit
from
for
Net
'
(Excluding
9 Mos. End.
Sept. 30—
Net earns, bef.. Fed. tax.
Prov. fot Fed. inc. and
Prov.
1945
,
profits taxes—
excess
for
Unconsolidated Subsidiaries),
\
,
'-*<
1 1944
profit
$3,100,474
$4,819,987
$6,724,850
$8,902,808
Earns,
2,429,000
*3,698,900
»4,683,670
*7,246,800
1945
contingencies
373,000r
-
941,300,
~
______
and
curred
in
3,603,537
$1,073,455
261,126
$1,575,790
410,668
$1,281,016
$1,334,581
$1,986,458
585,000
648,000
1,048;000
period
$437,868
$972,016
*276,000
on
in
100,054
100,054
334,316
I-333,691
$0.76
war
for
yy}f $1.95
;
doubtful
accounts.
•iy.
'Net earnings'
per
942,990
com.
♦Includes
fund of
f$671,474
share
$748,087
on
shares.
allowance
for
$1,099,880
$1,656,008
'
40.63
renegotiation.
-
$0.71
tNo
$1.07
$1.65
provision made for
re¬
profits under the Renegotiation Act as the management
believes that no excessive profits have been earned in the current year.
—V. 162, p. 1387,
'
'
'
1 :
''
""
excess
,
n'.'rj-'-'yy
■■'7-1
..
(Including
„
100,054
333,566
$1.89
$1.32
$82,452
.
in
reimbursement of costs in¬
contracts terminated in March, 1944...
1944
representing
*
Earns,
$9^0,458
$686,581
334,541.
100.054
reserve
$267,642
1943
2,541,206
(435,452
275,000
for
in
2,643,562
•
$712,868
dividends
per com. share-
♦Reduction
1
1942
•
and
Conynon
1942
'.--
taxes—
ine
dividends
Preferred
1943
$485,108
(227,760
opers.—
Fed.
1943
"$845,564
2,955.311
—_
income
Prov.
Subs.)—Earnings
I\-
1944
1945
Sell., gen. & admin, exp.
profits
Special credit
Bridgeport Brass Co.—Earnings—
30—
$10,734,157 $11,561,578 $11,942,353 $13,537,728
3,489.126
3,614,661
5,179,327
sales—
3,440,419
excess
;
,
k
ASSETS—Cash, ,$962,253; trade accounts receivable, including' In¬
accounts amounting to $141,950
(after reserve of $26,541),
$293,076; termination claims, $75,005; inventories, $1,045,874; Federal
excess profits tax credit, estimated, $1,800;
mutual insurance deposits,
$8,299;
sundry claims, receivables, advances, etc. (lass reserved of
$10,794), $8,731; property, plant, and equipment (after reserve^; tor:
depreciation
of
$1,068,052
an:l
reserve
for .amortization,
$18;413),
$593,142; deferred charges, $66,962; total, $3,055,142.
Brunswick-Balke-Collender
1945
fy;y
1945
30,
stallment
9 Mos. End. Sept.
Brewing Corp. of America—Earnings—
9 Months Ended June 30--
$0.38
Nil
$0,003
; $0.22
deducting post-war
$0.39
—
profit
29,509
y'-zy
$302,891
196,728
196,728
share
LIABILITIES—Accounts
1944
1945.
$2,006,406
$29,966
on
dividends
taxes,
Quarter Ended June 30—•
$201,695
$258,785
&
Earnings
279,764
Cr669
50,000
cont._
invent,
,<
178,500
Cr5~415
Cr8,758
income
Divs.
25,000
133,800
*16,200
64.800
BALANCE
♦After
.The management has been studying the problem of expanding its
present plant and Will undertake* as soon as materials become available,
the
$2,402,190
tEarnings
earnings
Cost
1763.
revenues
fac.
♦Net
1991.
n
first
$1,357,248
deductions
income
1945
$230,932
rents
$1.61
tbe year
year* to a
which
1,312,687
$1,725,401
Income
of
255,724
rents
262,757
$1.86
the company changed its annual period from the
52-week period, ending the first annual period on
this basis at Aug. 4. 1945.
During the year the corporation entered into an agreement with the
Bankers Trust* Co., under the terms of which the credit call agreement
with Bankers Trust Co. again was modified in the following respects:
The amount of the credit call agreement was increased from $3,000,000 to $4,000,000; the termination date was extended from May 27,
to
$4,445,763
$209,228
__
Joint
Bloomingdale Bros., Inc.—Annual Report—
1950
77,818
$4,137,909
.1,735,718
Gross
p.
Earnings
rates
Elevated
oper.
Number
12-month
58,185
$3,349,702
1,992,454
Common
depreciation, etc., Federal income tax, and excess profits taxes.
Duririg
56,755
$3,038,089
income-
$435,431
262,757
per
p.
1,212,100
$4,367,944
30, 1944.
During the fiscal year ended June 30.
■
498,202
Net
Net
outstg.
shares
161,
.
*577,436
Taxes
162, p. 667.
share—-
profit
Earnings
—V.
,
.
profits
Laugblin, Inc.—Earnings—
Common
♦After
*620,894
—
162.
Number
Bliss
.
Braniff Airways, Inc.—Earnings-
$0.39
and for estimated contingencies.—V.
9 Mos. End. Sept. 30—
1,658,700
$4,079,724
•
Prov.
Subs.)—Earnings—
1945—3 Mos.—1944
$632,473
$524,314
profit
♦After
depart¬
$2.55
Federal
Period End. Sept. 30—
♦Net
Ohio,
2552.
p.
Earnings
656,166
service
of
Net
depreciation,
989,200
$3,292,947
taxes-
Fed.
995,616
389,263
per share
♦After
excess
Boston & Maine
$11,115,565
1,066,760
$2.07
par)
$16,737,992
807,128
(no
Columbus,
$334,202
$246,261
$215,544
profits tax.—V. 160, p. 1179.
.
-
—V.
(& Subs.)—Earns.
1944
389,263
—
stock
of
taxes
—^
Equipment
fOn
Black & Decker Manufacturing Co.
Shrs.
$87,391
$0.33
,
charges and taxes.
9 Mos. End. June 3C—
1,235,900
income
♦Gross
1945,
1944.
Septemberreceipts
Cost
July 14, *45 July 15,'44
share
per
1,579,809
3,553,299
■
year,
Month of
Total
Operating
Operating
,
all
31,
1,630,682
y 103,423
$2,982,821
income—
income (net)
55,268
;*
Other
3,600,000
July 28. '45 July 29, '44 July 31, '43
Aug. 1, '42
$28,416,209 $26,764,795 $23,081,268 $18,121,384
990,368
867,155
792,980
464,952
Period End. Sept. 30—
28 Weeks Ended—
income
July
2,653.401
Operating
4,720,914
'
taxes
out¬
Billings & Spencer Co.—Earnings—
♦Net
Federal
Net
was
standing.—V.
2^612,586
77,550
...
6,493,653
1,594,767
103,379
3,489,940
~
$0.56
profit
a
3,039,400
Co., Inc.—Earnings—
I
Fed.
profit
Deficit
which
at
4
Bohack
♦Includes Federal
917,832
$626,372
share
per
depreciation^
Amort, of light oil plant
General taxes ——
3,600,000
$1,803,030
$625,425
capital
Earned
$1,805,831
1,007,853
.
1,268,269
77,534
for
6,985,467
6,578,638
1,827,323
At
2552.
bef.
47,845
tax
$438,873
sales
1943
contingencies
profit
Prov.
7,573,196
5,159,872
4,824,742
1,210,537
1,224,721
5,577,214
4,962,924
—
1,366,201
5,381,677
income of $2,288,573 ir: 1945 and $1,616,679
depreciation of $2,526,718 at, Aug. 4, 1945 and
1944.
JAt cost less depreciation Of $524,626 at
26 Weeks Ended—
1944
$1,633,278
3,039,400
_
and the company's counsel, Walter Mendelsohn of the
Proskauer, Rose, Goetz & Mendelsohn of New York, N. Y.
of
C.)
Net
*1945
par)
pan
on
less
July 31.,
160, p.
(II.
always
alphabetical
alphabetical
not
Foods, Inc.—Earnings—
after
($100
110
Co,,
store,
Profit
Quarter Ended Sept. 30—
taxes
and
Federal income
Net
'
Other
A.
$26,905,669 $25,926,380
for
3,451,604
arrange
3,000,009
The stockholders at their annual
meeting held on Oct. 30 elected two
new
members
to
the board of
directors.
They are Robert Lazarus,
Vice President of F. & R. Lazarus &
14,755,306
is
108,991
102,937
4,000,000
bank—II——
New Directors—
3,878,760
it
291.297
129,801
M'P1945—12 Mos.—1944
pro¬
Maintenance
156,428
223,523
429,064
178,578
11111
;
cost
1945
3,391,408
reasons
stock
„
$2,209,844
399,197
mechanical
residuals
-
$18,530,462 $16,584,383
tAt
15,409.815
order.
Best
Distribution—
Co.—Earnings
Brown Fence & Wire
1944
286,244
accrued
(300,000 shares
surplus
1944.
—V.
A OTE—For
possible
less
$1,340,893
230,403
income—
011
1884.
1508.
p.
667,250
$1.92
par $10,
distribution
$16,584,383
1945
expenses
Common stock
2,850,078
income,,
1
$1,255,195
Long-term debt—notes payable to
2,645,285
.railway
oper.
324,061
1
accrued
Accrued Federal taxes
Other taxes accrued
From Jan. 1—
Gross
4,479
2,923,705
715,438
643,093
Total
162,
RR.—Earnings—
railway—,
railway
18~8~675
2,720,121
land
equipment
wages
Miscellaneous
1945
from
from
Net
$1,283,826
667,250
$2.01
stock,
30—
1945—9 Mos.—1944
Operating revenues—- $20,083,453 $19,432,973
Operation — Production
Net
payable—trade
Salaries
Agreement—
September—
Net
$1,344,136
$2.02
declared
Oct. 26
on
common
Brooklyn Union Gas
547,700
$18,530,462
'-After Federal
Gross
$3,64*,690
2,360,864
'Period End. Sept.
companies
leased
011
122,763
165,100
mer-
Sundry creditors
$4.90
Recorder
&
the
3,997,727
Prepaid expenses and deferred charges
Goodwill—nt nominal amount
and
10,376,643
Bessemer
$4,419,807
3,075,671
a dividend of 50 cents per share
payable Nov. 27 to holders of record
Nov. 16.
A similar
was made on June
8, last.
In 1944,
the following
dividends were paid;vOn May 15, 37Vi cents; and on
Nov. 24, 37 Vi cents, plus. 25 cents extra.—V. 161, p. 2327.
110,140
reciprocal insurance
and miscellaneous other assets,
tStore
2;41Q,32J
r
profits tax„
excess
_,
in,
$3,251,546
3,787,827-
notes receivable
Claimed overpayment of Fed. taxes on income__
Post-war refund of excess profits tax
Accounts
1944
renego¬
share
License
Wire
$1,397,563
IV 690,594
;
1943
1Q44
'
1388.
directors
The
on
$2.01
July 31, '44
$2,684,770
LIABILITIES—
-Earnings-
66,109,322
under
income
per
162, p.
Subsidiaries)
Brockway Motor Co., Inc.—50-Cent
sheet
Aug. 4, *45
inventories
Post-war refund of
5%
Net
—V.
shares.—V.
1945
law
Earnings
'
1651.
p.
(& Subs.)
etc
income
adj.
$4,72C;914
balance
'
demand
on
Customers'
J.
John
55,732,679
Fed.
price
tiation
____I-_—
profit
Number of capital shares—^---.
Earned per share__i._i_——~—
151,970
$3.10
deposit and on hand
♦United States Treasury savings nbtes._______l_
and
Carl
Vice-Presidents.
$
Prov.
Net
;
$4,190,420
2,792,857
prof its taxes—
excess
duced
consolidated
ASSETS—'
,
9 Months Ended June 30—
before
270,001
___•
Total
Profit
f
$5,142,885
270,000
st.ock___^^____..___
chanding and service organizations
subsidiary.
Mattes
Executive
Holiatz
$756,479
$5,803,647
151,970
—
preferred stock.^
common
Investments
Marshall
the
Income and
v,
1945
>
.
Profit after charges
29,053
$2,581,479
1,825,000
profit
Dividends
Corp.—Changes in Personnel—
S.
company
Harold
$2,552,426
3,025,000
.
subsidiary of the Raytheon Manufacturing Co.,
Billings, who has retired also as a director of
a
33,250
income
on
Sundry debtors.
tion,
241,323
$4,053,638
54,095
(interest)
Balance surplus
13,500,000
I
Belmont Radio
Parmel
32,249,105
349,487
296,630
260,298
48,472
.
Canadian
and
Domestic
6 Months Ended June 30—
■
-
taxes
K.
$35,425,591
36,777,007
profit
Comparative
162, p. 563.
Laurence
Bristol-Myers Co.—learnings—
$177,000,000
profit
♦Before
$41,436,045
_
Balance surplus at end of period______
per share of common stock—
(approximately)
—V.
"
Earnings
income'
"Net
2141
71.7.7
J
«A
A^^l'^rlJulyE3l! *44
____
Total
563.
for
....
'Jfl
JL
Profit before Federal
Provision ton Federal taxes
Aircraft Corp.—Earnings—
Provision
.
STATEMENT
____________
Interest
EARNINGS FOR SIX MONTHS ENDED JUNE
30, 1945
Sales
4.
stk.
common
Earnings
..*'Vy<
■
...........
Subsidiaries)
sales .of leased departments)___
sold and expenses
Other income
-
$1,820,036
v.--
INCOME
and repairs
1942
-
$5,833,867
900,000
3,480,000
$1,565,569
—V.
:ii1943
(incl.
of goods
Gross
■
$6,110,036
surtaxes.
&
profit
Shares
1944 r
but
sales
Depreciation
Maintenance
Beech-Nut Packing Co. (&
Subs.)—Earnings—
9 Mos. End.
•
.
A'1:"?;,
•m?y
'yyy
v.-
(Including
Cost
1
Profit
•;
„•
'
Net
•
•'
i"
.
Wholly-Owned
y,«j
for Beechcraft since March, 1941,
7?, uifl" .aPP01I?ted. Sales Manager of a direct factory sales branch,
j
initiate and test sales methods, ; investigate market
potentials, determine operating costs and
profit margins, etc.—V. 162,
34o*
/.
,
CONSOLIDATED
(Including
(
,
hf4['5 Wootten, Sales Manager'
p*
ui»
•
s.
'
u«
chief
(n1
*-
'
t
THE COMMERCIAL & FINANCIAL CHRONICLE
-
,7*"•. \;t-V Vy,'Vr'*:/r'l^r- '•
as
«■'
i*v."
*
,
uecf ^"ntC0^6W SaIes Manager-He
has been made Sales Manager.
served
"
•»
■
Volume 162
1
CONSOLIDATED
BALANCE
SHEET,
SEPT.
30,
1945
$1,766,534;'' U. 'S/ Government securities,' at ' cost,
$5,625,000;-' notes and accounts receivable "(after reserves for doubtful
balances
loss on repossessions and for unearned interest included in
face
amount
of
trade
instalment
notes
amounting
to
$481,414),
$3,363,214; claims under-war contract terminations, $516,205; inventories, $3,280,585; 'net current assets in Canada, Brazil, Mexico and
'ASSETS—Cash,
.
-
CHRONICLE
THE COMMERCIAL & FINANCIAL
(includes
Argentina
restricted
$1,511,772
BALANCE
under
withdrawal
to
as
excess
expenses and
and equipment J after
$1,827,552), $2,466,107;
prepaid
$405,952;
carry-back),
credit
profits
charges,
$191,510;
property,
plant
cepreciation and amortization of
deferred
for
teserves
goodwill, etc.,
patents,
total, $19,601,328.
$1;
LIABILITIES—Accounts
customers' deposits and
$435,772;
payable,
balances,
contingencies, $750,000; $5 prelerred stock (26,681 shares,
$2,668.10u; common stock (450,000 shares, no pat), $4,o00,000;
capital surplus, $4,033,943; earned surplus, $5,992,966; common stcck
in. treasury
(3,945 shares, at cost), Dr$38,539; total, $19,601,328.part,
of
Acquisition
*
his
business
expects to add to its lines.
C. C, Lincoln, Jr„
Virginia Lincoln, said arrangements would be made with
of
Operating
another
for
company
the
furniture
of Lincoln's >ine of
manufacture
564.
andjjastic products.—V. 162, p.
"
Other
3 Mos. End. Aug. 31—
Het
profit
tEarns.
1945
per
snare
com.
$0.86
$0.98
$0.34
$0.71
324,786 shares--
on
1942
$278,693
$319,170
$319,170'
t$l 11,722
t$lll,722
$229,718
-
1943
1943
1944
1944
$2,406,697
104,102
$1,916,398
$2,185,818
515,980
397,211
$2,432,378
183,595
Buffalo,
Power Corp.—Merger—
Eastern
Niagara &
consolidation oi this
corporation and its
subsidiary companies, Buffalo Niagara Electric
Corp?* Niagara,. Lockport & Ontario Power Co., and The Lockport &
stockholders
Newfane
The
&
Power
will
29
the
approved
Co.
eliminate Buffalo,
Supply
the holding company, and
as the operating company.
&
Niagara
Niagara Falls Power Co.
589,000
Power
Power
of
subsidiaries
Calls
The
The
Niagara
Falls
Power
Co.
577,305
Net
(est.).
tax
profit
—V.
162.
next* all
Oct.
on
29
voted
for
call
to
redemption
Dec.
on
28,
$1,031,535
from
Net
ry.
—V.
Co,
of
agent.
New
Stockholders
at
York,
■;
•
-
share
time
Broadway,
York,
New
transfer
Y.t
N.
full
the
presentation
upon
price of $31.85 per
surrender of their certif¬
redemption
and
Bullock's, Inc.—To Redeem Preferred Stock—
The
5%
called
cumulative
dividends
1764.
p.
has
company
accrued
24,
1945,
out¬
plus
of redemption.—V.
the date
162,
&
"
'
redemption all the issued and
stock
at
$102.50
a
share
for
preferred
Nov.
to
September—
Net
ry.
Gross
Union
—V.
-Earnings-
7,500
21,336
developed
1942
1943
sufficient
$199,316
.
the
At
in
railway..—
2,455,355
2,209,338
2,158,661
1,298,368
825,545
446,457
801,205
289,787
which
467,997
109,803
423,540
1635.
before
and
Federal
per
taxes
(net).
1944
$4,055007
2,134,000
2,430,000
281,000
390,000
1
(
3,127,700 ).
$1,294,900
outtsanding
$584,455
1,122,303
'
$0.81
__
$1,235,007
1,144,803
1
1,144,803
share—
common
$0 59
$0.81
Gross
crankshafts
by
Campbell,
five
to
a
!
_^ir;
.
in
tons
B-29
and
iron
of
the
;
—'
$7,769,470
$9,348,401
71,662
—
share...
Oct.
and
weight
the
ry.
taxes
$0.81
Quarters Ended June 3C—
Prelit
before
Federal
income
Provision
and
taxes
Gross
22
them
shafts,
cast
some
feet
the
by
years
tor
1945
taxes
18 000
*
I
contingencies
"
profit
Earnings
per
share
capital
proms^tax
—
ry.
Gross
$51,064
$0.11
ry.
Montana
Power
Byers
Co.
below.—V.
157,
other
11*4.
and
Earns
alter
Federal
v'
per
com.
1945—3 Mos.
Brake
"
t$26;197
Wheel
Corp.,
-1944
chare..
Nil
•Includes post-war excess profits tax credit.
V
Byron
Jackson
Nil
(Loss.—V.
Co.—Earnings—
Earnings
•After
net
per
p.
1Q45
profit after charges and
taxes
ry.
161~
.1944
p.
Net
$125,600
*52,574
*101,522
railway...
railway
1,790,100
1,409,000
1,290,600
*58,810
*329,167
*454,666
1,653,100
15,738
income..
*615,963
*822,953
*951,301
*643,074
Operating
Operating
Gross
Sept. 30—
revenues
profit
-*.
*
'
—..
and
from
1503.
Maine—Earnings—
1944
1943
1942
$485,976
$559,218
$400,031
61,671
154.570
288,725
178,672
*23,335
*7,973
241,827
135,193
5,130,022
4,499,116
4,865,368
3,737,306
1,856,343
1,739,590-
2,211,752
1,512,108
1,126,138
1,739,167
1,140,391
Gross
Net
Balance
before
0
Net
Dividends
,
■
income
on
■
$3 857 884
1944
$3,617,537
...
II
,
■■
-
'
;
,
•
•
.
•
I
stock
)X 13,269
$1,489,791
$1,406,978
974,767
r;
882,288
-
.....
preferred
1944
$139,882
$130,896
$123,543
*33,609
*19,676
*29,728
*16,112
income...
oper.
1942 "
1945
$120,627
•
railway..—
railway
1943
.
Gross
*77,935
*66,379
*70,079
*50,282
1,044,362
1,128,011
1,026,596
1,071,439
*496,927
*372,570
*354,883
*918,385
from
from
ry,
railway.:..
irailway
oper. income.__
162, p.
*737,459
*691,817
II",.;
.
*162,532
used
Calls
to
retire
4V2%
the
Bank
of
the
option.—V.
in
Bank
162,
redemption
Jan.
on
Canada
(Yukon
Montreal
in
1,
at
1946,
Territory excepted),
New
2012.
a
Central of Georgia
*
railway.:.'.
Gross
from
Net
from
Net
ry.
railway
income—.
—
oper.
From Jan. 1—
$515,023
$524,689
208,502
208,502
$306,520
$316,187
Gross
from
Net
from
ry.
.
York,
^
N.
:,.1945
$2,825,451
.-
259,550
*
1944
Y.,
or
at
_
•"
1943-•
-
418.063
1942^
$3,610,232
1,022,718
555,223
655,766
20,459,499
I*
28,017,332
railway..
0,220,511
8.578,797
10,943,831
3,791,345
4,991.981
6,843,941
income
the
company's
offer
of
Aug.
21
before
meeting,
necessary
the
in
the
Interstate
Commerce
Com¬
Courts.
Nickel
"The
adds:
statement
and
Plate
the
block
Chesapeake
&
Ohio.
$40.
was
have immediately commanded a market price
share, and at current market prices sevenChesapeake & Ohio common would be worth
Nickel
Plate preferred
stockholder would have
would
than
$110
share
a
when
Thus
per
of
the
a
equivalent
stocks
in
through
against
approximately
of
exchange
the
for
his
conversion
the plan as then set up.
Regular Quarterly Dividend—
75
directors
cents
2,
on
per
Oct.
share
30 declared
on
1946 to holders of
special dividend in common
of Pittston for each 40
2012.
stock of Pittston Co. at the rate of one
shares of C. & O. stock held.—V. 162,
-
Quincy RR.—Bonds Offered—
of Oct. 29, an issue of $65,000,000
mortgage 3y8% bonds, series of 1985,
was offered Oct. 26 by Morgan Stanley & Co. and asso¬
ciates at 100.56 and interest.
The issue was quickly
oversubscribed.
Further details follow!
Dated Aug. 1, 1945; due Aug. 1, 1985.
Interest payable Feb. 1 and
at
1,220,448
'
23,523,876
1636.
Exchange
first and refunding
the
$3,096,092
689,980
.29,313,247
p.
withdrew
30
Aug. 1 in New York City.
Redeemable at option of
*■
$3,053,660
107,993
..
Co„- -Withdraws
Ry.
Chicago, Burlington &
102
Ry.—Earnings—
railway
oper.
r-V. 162,
'
Oct.
share
p.
•
September—
646,845
As noted in our issue
of
p.
1,170,139
608,232
the usual quarterly cash dividend
the $25 p%r value common stock, payable
record Dec. 7, 1945. This is the same rate
as'paid in previous quarters.
On July 2,* last, the company also paid
4V2S of 1960, called for payment.
called- for
Montreal
of
Agency
holder's
of
The
of
interest, all of its outstanding 30-year 4 Vi.% collateral trust gold
due July 1, 1960.
Payment will be made either at any branch
the
2,010,974
596,201
Ohio
&
the
addition,
Jan.
Bonds—
has
company
1,260 897
271,030
20 and Aug. 21
preferred stock
Declares
Ry.—Certificate Placed Privately—
the
60,844
2,910,637
663,701
on
if
common,
voted
.
Co.,-Inc., on Nov. 1 announced that
they have placed privately an issue of $20,000,000 2%
equipment trust certificates series H 1945, with institu¬
tions purchasing them for investment.
Proceeds will
be
22,873
3,305,207
*460,104
:
.
Harriman Ripley &
Net
Balance
.
1635.
2,223,827
$1,393,709
14,138
deductions
deductions
1635.
p.
from
from
Net ry.
of
2,382^231
Non-operating income
Total
162,
922,627
bonds
-1945
t
depreciation..
:
_•
>
income...
23,127
3.494 642
$150 in C. & O. preferred
Nickel Plate preferred and,
feature of the preferred stock
would
have
had
a
call on
the future prosperity of
the combined
t nterprise.
It was felt that the Nickel Plate preferred stockholders
would
have
preferred
to
have
their claims settled
in a tsx-free
exchange of
that character rather than place their reliance upon
ultimate liquidation of dividend arrearages in cash—a process which,
if accomplished at all, will take many years of Nickel Plate prosperity.
''Chesapeake and Ohio plans to renew its offer to merge or con¬
solidate
with
the
Pere
Marquette on
the same terms of exchange
as
those approved by the board of directors of
the Pere Marquette
at
its meeting on Sept. 18.
"Elimination
of
the
Nickel
Plate from
the proposed plan leaves
the status of the Wheeling & Lake Erie uncertain at this time because
the
Nickel Plate, which owns a 33%
interest in the Wheeling, has
indicated a desire to negotiate for the purchase of the Chesapeake &
Ohio's holdings of Wheeling stock."
Opposition
to the proposed unification of the C. & O. and the
Nickel Plate developed openly on Oct. 13 when Donner Estates. Inc.,
which
represents
approximately 60,000 preferred shares of Nickel
Plate out of the 360,577 shares outstanding, said the stock
would be
in
1945
*13,780
3,141,165
of
stock
less
not
received
$472,984
railway
railway
oper.
The
$1,475,652
expenses
133,867
income
of
Aug.
Plate
tenths
Canadian Pacific Lines in Vermont—Earnings—
"
Co.—Earnings
1942
$522,063
83,422
1636.
and
preferred
of
over
162, p.
•Deficit.—V.
and
California Water Service
12 Months Ended
1943
$302,664
96,977
the terms oi exchange were fixed.
selling in the market for less than
$116 per share.
The plan proposed by the Chesapeake & Ohio would
have given
to the Nickel Plate preferred stockholders one shr.re of
new C.
& O. convertible preferred stock and seven tenths of a share
of C. S: O. common stock.
It has been estimated that the convertible
"On
$0.77
2552."
1944
$347,069
*3,137
company's
Nickel
•66,611
from
Net ry.
$292,987
$0 oh
*
provision for lenegotiation.—V.
2552.
$370 415
,1
share—.
common
$1.73
161,*
•
6 Months Ended June 30—
Estimated
$855 213
1,04J,253
and
solidation
1945—12 Mos.—1944
$0.24
1,747.879
1,059,163
of stock represented
by the group can enectively cieieat the plan even if tne vast majority
of' the
remaining stockholders of
the Nickel Plate favor it.
The
C.
&
O.
board is not prepared
to improve the offer made to the
Nickel
Plate
stockholders,
believing that the present offer is both
fair
and
generous.
Under
the circumstances, it appears futile to
devote
further
time, effort,
and expense to bringing about a con¬
England—Earnings—
$124,900
railway
railway
oper. income...
Net
$253,503
1,840,805
613,503
$255,836
stockholders
The
in
*114,955
*Deficit.—V.
$162,060
1,453,519
77,424
1945
directors
the
at
Drum,
"43,178
Canadian Pacific
'
868,313
_
income
exchange
mission,
suitable for use
planes.
$150,100
from
cbgs.
taxes
132,561
6,079,293
„
stocks with the stockholders of the Nickel Plate arid
Lake Erie.
This action was taken by the C. & O.
board following the receipt of a letter from John W. Davin, Presiderit
of
the
Nickel
Plate,
that a
formidable group of Nickel Plate pre¬
ferred stockholders had stated its determination to oppose the prograin
four-motored
$177,600
from
Net
Co.—Earnings—
Period End. June 30—
♦Net income
p.
95,369
6,864,390
railway
p.
Wheeling
ranged
*93,979
oper.
Net
(A. M.)
13,512
! 6,643,144
37,652
railway
oper.
162,
The
for
From Jan. 1—
Co.—Redemption of Bonds—
222,326
6,243,565
income.
Chesapeake
process
a
ago,
*68,748
September—
excess
$ <23,230
180,016
Offer—
1942
September—"
Gross
600.000
VdUi6i°np I025^plttion and provision for possible
1942
$739,358
113,917
railway
from
rate
a
1943
Canadian Pacific Lines in
$68,862
$0.08
1943
$698,132
128,726
railway
from
Net
—V.
40.000
$51,601
1944
$684,344
income..
oper.
Net
and
25,000
$0.08
on
stock—
Butte Electric & Power
See
•1943
$133,862
18,000
32,000 "
32',000
•Net
shares
1944
$101,064
13,144
$45,503
From Jan. 1—
length.
in
Centrifuse
brake drum
and
at
from
Net
producing
was
1944
_
from
from
ry.
Gross
$161601
reserves
1,311
$51,427
1509.
p.
from
From Jan. 1—
y Butte Copper & Zinc Co.—Earnings-
5,626
$3,614
1945
oper.
Net
cast steel tank
♦11,427
-income..
oper.
Net
on
2,962
$63,647
564.
railway
railway
162,
Gross
3, '43
(Based
1,916
$53,238
stern Carolina Ry.—-Earnings—
From Jan. 1—
110,545
$0.76
charges and Federal and State income
shares outstanding.—V. 161, p. 2552..
940
$9,241
146
railway
railway..
from
ry.
—V.
steel
company
Cannon
and
Superfortresses
railway...
railway
from
Net
$8,234,918
109,720
$0.43
•After
530
$13,046
$13,701
oper.
Net
Iowa
1945
•Deficit.—V.
Sept. 29, '45 Sept. 30, '44
,
$60,684
from
Net
units.
These
year.
Wyant
from
Net
Butler Co.—Earnings—
per
power
September—
Net
39 Weeks Ended—
tEarnings
and
equip 45,000 tanks a year.
of its wartime activities
giant
Net
profit
trucks
company developed and produced
was
found to be the only type of
the
on
1943
$3,359,455
1764.
(P. H.)
alloyed
intricate
three battleships
during the war by the
to
Canadian National Lines in New
1945
$4,422,600
contingencies
...
162, p.
112,876
ry.
Subs.)—Earnings—
contingencies
Earnings
:
for a public offering.
15,420 shares of Camden 5%
Corp. and Selected
They are produced, in conjunction with the Motor
Lansing, Mich., the letter stated.—V. 162, p. 779.
tax
profit
of
tons
weight
to
up
The
878,763
income
$51,322
From Jan. 1—
Gross
Tri-Continental
peak
large
size
railway.._
oper.
136,000
in
aircraft,
49,758
-
$8,301
from
Net
group
sell
$13,316
p.
from
statement cov¬
company was the largest American supplier of
tracks for the British and at one time was producing
53,403
sales
the
to
268,250
income.
$328,934
Ry.—Earnings—
the Union Securities
by
210,107
deductions
Net
registration
a
owned
$261,429
51,017
September—
castings,
class, were
each year
company.
This and other
war
production facts were reported by G. W. Cannon, President, in
an eight-page illustrated letter
to stockholders dated Oct. 29.
More
than
506,000
tons
of
these castings were
made between
Pearl Harbor and V-J Day.
But, as Mr. Cannon points out in the
letter, the tonnage alone tells very little of the story, since these
castings were complex in design and were required to be within
unusually narrow tolerances, both metallurgically and. as to physical
dimensions.
These castings were used in the production of all types
of
ordnance
and
others
items, including
tanks, guns,
ships, sub¬
26,715
shares
♦Net
to
proposes
part
out
income
Common
NCt
SEC
stock,
underwriting
an
also
($25
the
$59,318
48,330
income
162.
1945—12 Mos—1944
$61,646
taxes
income
Inc.
than
More
turned
57,168
Reserve .for
—V.
1,586,357
726,969.
612,225
Campbell, Wyant & Cannon Foundry Co.—War Output
70,083
for
390,682
with
$945,885
-Earnings—
1945—3 Mos.—1944
September—
$184,056
9 Months Ended Sept. 30—
Net
484,943
common
4,008,630
.
1884.
p.
The
Chase
National
Bank
of
the
City of New York has been
appointed registrar of the common stock and 5V2% cumulative con¬
preferred stock, $25 par value.—V. 162, p, 1508.
1944
162, p.
Prov.
444,818
filed
3,985,932
$1,354,622
vertible
106,846
Butler Brothers (&
Profit
has
stock
77,244
from
ry.
418.676
Net
Gross
Securities
preferred
$292,841
railway.,
oper.
Net
1.405,092
547,590
income...
162,
445,919
income
Interest
—V,
company
1945
from
1,377,990
441.239
This
From Jan.' 1—
Net
1,201,302
ering 177,318 shares of
Corp., which will head
railway—
from
56,736
69,029
86,825
1635.
p.
$262,876
from
Net
$166,554
48,256
47,715
railway-..
oper.
162,
marine;,
Burlington-Rock Island RR.
Gross
$139,362
31,219
railway
equivalent
receive
can
any
120
■
icates.—V. 162, p. 1763.
standing
$114,226
Camden Forge Co.—Stock Registered—
$1.60 preferred stock at $26.25 per share,
plusjaccrued dividends amounting to $5.60 per share, or at a total
of $31.85 per share.
Payment will be made at The Marine Midland
Trust
from
Net
4,-954,515
$167,185
revenues..
oper.
Gross
1942
$173,061
75,539
59,030
1943
From Jan. 1—
Gross
5,340,554
*$38,157
&
oxps.
Non-oper.
1944
_
4,176,796
613,104
446,375
pper.
Oper.
$930,568
$1,166,207
$1,072,137
1945
income
oper.
ry,
4,523,376
Central States Edison, Inc. (& Subs.)
Cambria & Indiana RR.—Earnings—
2_
$46,096,863
507,152
other
&
income
Net
September—
Gross
from
railway
Net
from1 railway
1945—9 Mos.—1944
$5,001,790 $43,599,818
408,218
charges
Gross
its outstanding
of
income
Period End, Sept. 30—
618,000
684,000
668.
p.
Industries,
$1.60 Preferred Stock for Redemption—
directors
309,805
Net
354,099
602,132
j
1,309,649)
372,161}
The
and Hydraulic Race Co.
$4,208,741
101,898
459,528)
Electric
Buffalo
of
Jersey—Earnings—
1945—Month—1944
revenue__
cper.
Fixed
Power
Eastern
Niagara
Buffalo
continues
will be direct
Niagara Electric Corp.
Canadian
Niagara
Co., Ltd., Niagara Junction Railway Co., Lower Niagara River
.te Water Supply Co. and Gorge View Park, Inc., will continue
The
subsidiaries
as
Water
consolidation
Corp.,
Corp;-
Oct.
on
of New
railway oper. inc.__
$2,504,799
$3,189,256
$2,583,029
177,484
Net
The
RR.
•Deficit—V.
I—
450,764
inc.
is
308.
p.
Gross
'
♦After
all charges
and taxes and reserve for renegotiation, etc.
fEarnings for quarter ended Aug. 31, 1944, were reduced approximately
$134,000, due to the revised New York State franchise tax . law.
effective March 31, 1944, requiring absorption of 35 months' franchise
tax expense during the current year.—V. 162, p. 452.
161,
Net
$3,091,943
97,313
gain
charges
Federal
periods
remarks of Frank Altschul, reler.to the General
Co., Inc., report for the nine months ended Sept. 30,
latter company he is
President.—V.
162,
p.
2012:
which
of
Central
$8,178,518
5,777.821
Depletion
{& Subs.)—Earnings—
V.
1942
1943
1944
1945
Depreciation
Buffalo Forge Co.
1945,
(& Subs.)
Copper Co.
$10,211,131 $10,734,007 $12,726,479
8,294,733
8,548,189 - 9.634,536
sold
income
$297,897
both
the
covering
1945,
,
Total
for
American Investors
Period End. Sept. 30—
inccine
Other
income
Central Patricia Gold Mines, Ltd.—Correction—
deductions
of new
because
and
equipment,
manufactures
company
products the company
President
metals
Net
2011.
p.
9 Mos. End. Sept. 30—
Rev. from metals sold.
of
1944
$2/9,543
1945
_
charges.
The last four paragraohs published under thjs company's six months'
in
the "Commercial and Financial Chronicle" of Oct. 29,
Gross
Cost
and
taxes
statement
—Earnings—
has
company
162,
Corp.—Earnings—
-
——
before
monthly reservations for plant additions or debt retirement as required
by the Public Service Commission.—V. 162, p. 1165 and 1277,
mortgage 4 %
Calumet & Hecla Consolidated
Plant—
announced the purchase of the Virginia Lincoln
dorp's plant at Marion, Va., according to an Associated Press dispatcti from Chicago.
The purchase price was not disclosed.
R. F.
Bensinger. President of Brunswick,
stated that the purchase was
made because of increased interest in bowling and billiards, for which y
The
•After
bonds, series B, due May 1, 1961.
$156,664; accrued interest, taxes, divi¬
dends, etc., $766,907;
unearned revenue, $30,546; consumers' meter
deposits, $32,377; consumers' extension deposits, $311,962; miscellaneous
reserves,
$49,311; contributions for extensions, $358,726; 6%
cumu¬
lative preferred stock (par $25), $3,475,000; common stock (par $25),
$2,914,200; capital surplus, $70,499; earned surplus, $512,365; total,
$20,560,557.—V.
income
•Net
$11,882,000;, accounts payable,
and'-other
no
3 Months Ended Sept. 30—
property,
LIABILITIES—First
$325 16a; accrued salaries,
wages and commissions,
4158,546; dividend on preferred stock, payable Oct. 1, 1945, $33,351;
accrued State, local and miscellaneous Federal taxes, $215,092; accrued
Federal taxes on income, $526,933; reserve for post-war adjustments
credit
Central Hudson Gas & Electric
SHEET, SEPT. 30, 1945
rights, franchises, etc (after reserves for
depreciation and amortization of $4,041,053), $19,050,674; miscellaneous
investments and special
deposits, $43,526; cash and working funds,
$441,981; accounts receivable, less reserve, $268,013;
materials and
supplies, less leserve, $246,475; prepaid accounts, $30,424; unamortized
bond premiums,
discount and expense, $431,251; miscellaneous, de¬
terred charges and.Suspense, $48,215; total, $20,560,557.
ASSETS—Plant,
present exchange regulations), $1,936,220; claims for refund of prior
years' Federal taxes on fncoine (resulting principally frcm unused
Monday, November 5, 1945
6.603,546
'
41820,058
v
.
;-
company as a whole or in part on any
payment: date upon .at least 60 days' notice, and also redeem¬
able through operation of the sinking fund on li^e notice, the initial
redemption, prices being 105Y2%
and 102'/2%, respectively.
Annual
sinking fund, payable in cash or bonds, of $325,000 plus an additional
sum equal to
10% of the dividends paid by the company on its capital
stock during the preceding calendar year.
In the opinion of counsel
these bonds will be legal investments for savings banks in the States
of California, Maine, New Hampshire, New Jersey, New York and Ohio,
Interest
JVolume 162
The
issue
and
h}?;- the-.interstate
sale
-
of
these.-bonds-are .subject to authorization by
Commerce
£.965
miles
tains.
of
about
owns
19432
its
and
operates
about
extending from Chicago to the Rocky Moun- y
Chicago, the large* cities served include St. Paul,
Louis, Kansas City, Omaha .and Denver.
The Bur¬
St.
Net
capital
Northern
PURPOSE—Proceeds
($65,025,935
Net
ry.
Net
accrued interest)
(
C
.
FOR
CALENDAR
YEARS
Net
from
ry.
Years
Revenues
Net
Charges
Charges
ry.
$9,428,159
9,495,392
$1,842,844
14,652,556
1938
93,070,136
13,405,751
9,7.63,988
3,641,763
1940
97,631,242
14,051,015
9.658,151
4,392,864
38,447,368
37,200,006
9,800,448
28,646,920
217,952,483
8,968,742
28,231,264
240,637,400
33,387,498
8,740,376
24,647,122
.
155,289,325
'°T945-
156,736,523
ended
months
Since
Aug.
been less
1945
31,
than
for the
is
counsel,
and
and
addition,
lien
)
'!
,*1944
;
6,787,523
i,,ib5„rio
income—
1943 '
PI 1942."
$20,548,401 $17,573,928
8.812,304
7,264,301
-
"
164,797,442 127,994,764
- 66,480,057 > 42,422,782
23,lbU,517
.41,673,027
7-
.
13,332,881
Gross
Net
from
Net
ry.
—V.
first
a
lien
lien
which
the
on
out
OUTSTANDING
PRESENT
stock
bonds
mileage
offered
now
EFFECT
*
;
that
B,
Collateral
trust
due 8-1-85
and
maturing
bonds
may be
issued under the company's
to
the
$178,414,000 principal amount
first
A
of
$192,093,198
present
since
Dec.
financing.
31,
out-
as
funded
of
This
in
debt
represents
the
will
interest
firms
listed
from
1,
date
to
Harris,
3,095,000
W.
3,095,000
Tucker,
First
Inc
Boston Corp._
& Co.—
Goldman, Sachs
Ripley & Co.,
E.
&
Co.___
Hutton
The
3,095,000
The
Laurence
Bros.
&
Alex.
3,095,000
Webster
to
Inc.
Co
^
Co
Brown
from
ry.
2,456,095
3,691,086
.
Net
613,374
464,285
.
Net
from
ry.
17,006,589
4,024,485
2,084,700
515,000
2,065,000
Putnam
Pierce,
Fahey; Clark & Co
Kirkpatrick-Pettis Co....
305,000
305,000
Chas. W. Scranton &
Co.
1,395,000
J.
Son
255,000
Co., Inc.
FOR
Hiiliard
&
1945
railway
•
income
.\ .
AND
YEAR
TO
1944
•
DATE
1943
1942
1,671,628
1,952,627
1,098,872
6,103,859
from
Net
from
Net
ry.
189,520,333
177,346,463
158,296*250
115,187,413
79,086,437
68,856,979
72,962,795
44,300,826
24,140,203
—V.
railway
20,101,145
32,471,092
23,909,188
railway
income
oper.
End. Sept. 30—•
profit
Miscellaneous
NOTE-—For
possible
mechanical
reasons
it
is
companies in exact
order.
However, they are always as near
position as possible.
to
arrange
not
always
alphabetical
alphabetical
income
Total
Admin.
—
income—
•-
,
1945--9 Mos.—1944
"
.
•
increased
.
-
household
financing subsidiaries had opened more
,
'
___ —
selling
&
exps.
facil.
paid —1——
Interest
Net
September—
from
Gross
Net
from
Net
ry.
f
1945
railway
$2,074,188
1344
1943
$2,672,967
$2,680,019
1942
$2,287,813
railway.—
261,352
682,446
980,920
V *13,172
10,247
'5,083
y29,109
:> .it. ■■ y
t'v.'
1,216,454
1,202,389
214,377
131,370
l,045,qi9
122,882
1,001,289
159,873
80,986
25,374
59,427
income.!
railway
railway
—
24,776 '.
income—
162, p. J509.
158,602
'93,835
229,272
Common
455,036
oper.
..
by
Net
Net
—V.
from
23,248,862
25,894,680
6.304,932
railway
7,892,086
from
railway..oper. income...
ry.
162,
' '5 >
'
2,122,079
2,419,113
16,803,740
5,164,384
3,101,315
2,320,538
1
•
1636.
p.
'
:
Chicago Great Western Ry.—Earnings—
September—
from
Gross
Net
Net
from
ry.
1945
1943
1942
$2,374,815
635,385
$2,546,008
1,028,659
108,323
234,104
377,855
income
•
1,085,274
•
From Jan. 1—
from
Gross
22,199,084
22,696,225
22,341,562
18,487,923
Net
from
6,079,280
6,851,838
8,681,638
6,50.9349
Net
ry.
1,991,487
2,377,065
2,814,013
2,149,834
—V.
j.
railway
railway
oper. income.._
162,
p.
,
Chicago & Illinois Midland Ry
Gross
.
1944
railway
$576,210
railway..
160,473
73,721
from
Net
from
ry.
oper.
\~
„
Gross
from
Net. from
Net>. ry.
,
*-V. 162,
p.
1942,
$590,155
$545,742
$528,270
239,897
225,113
78,763
85,201
245,432
179,542
5,006,399
5,332,219
4,749,863
4^553,099
1,642,101
703,118
2,155,899
1,994,957
l,810,0i6
income
1509..
....
,
'
■
•
railway
railway
oper.
1943
....
.
income—
% i From Jan. 1— V.
,
•
Earnings—
1945
"
Net
r
1636.
September—.
*_
■
,
v
-
733,838
744,868
v'
717,150
1,235,199
265,114
'
241,751
450,214
450,489
-
106,308
421,126
3
p.m.
-
(EST>
Nov.
on
.
31,434
507,062
31,231,704
67,223
534,636^
$1,040,782"
share—__
$7.21
67.355
534,636
$.629,713
•237.016
237,616
$6.63
$4.90
profits tax^. ^Includes Federal excess profits tax
(after post-war credit-of $532;000), $4,780,000; also, additional amount
due U. S. Government for renegotiation of 1942 war contract prices in
amount
of $104,722. r tIncludes excess- profits tax " (after " post-war
excess profits tax refund credit of $545,000)
and renegotiation of war
contracts, i Slncludes
excess profits taxes and renegotiation of war
.,
■'
1100,000 shs.
being limited
indenture of
the suppleof $200,000
.were redeemed as of Sept. 1, 1945, under the sinking fund provisions.
$The number of cumulative preferred shares -initially to be designated
at 4'/4% series is to equal the number of required for issuance in ex~
change for outstanding old preferred shares pursuant to the exchange
plan. The exchange plan is to become effective if at least 100,000 out¬
standing old preferred shares are deposited for exchange and may bo
declared effective by the company even though less than 100,000 shares
(but not substantially less than 95,000 shares) are deposited,
only
'
None
750,680 shs.
None
1,500,000 shs
aggregate amount authorized
the
series,
in
,
- *
V!i:
t$28,000,000
250,000 shs.
due 1970
($100 par)...
ser.,
series—.
'Sika:-.
without par value
shares, $10 par value
property,
by
earnings
and other provisions of the
mortgage and deed of trust dated as of Sept. 1, 1940, and
mental indenture thereto.^ tBonds in-the principal amount
.
SUMMARY OF PRO FORMA
excess
.
Ohio National
4
67,223
534,636
$1,177,886
237,616
;
Hunting¬
date.
Outstanding
Authorized
"Issuable
383,353
■=■9,250,000
$4.54
contracts.
basis for the 133,-
1945,
^FFECT TO EXCHANGE PLAN /.'•/_
-
Common
326.185
436,296
237,616
'■■Including
14,
Common shares,
1,205,206
$5,316,721
$8,261,000
$5(13,968
per
•
446,487
62.429
■
;
'
12 Mos. End.
,
Transportation
Heat
30, 1945
U. 8. Government
securities,
$3,213,896;
accounts receivable Cnet), $2,005,240: inveOtories, $7,519,356; investment in and advances to Buchanan Land Co.
(100% owned), $13,684; sundry investments,. $3,024; land, buildings,
machinery,' etc., at cost (after reserve* for depreciation and special
amortization of $9,774,592), $3,785,297; prepaid insurance and taxes,
$30,598; total, $20,855,064.
;
; < - •■•v!
^
LIABILITIES—Notes payable to banks,-Regulation V loan, $1,500,000;
current accounts payable and payroll, $1,393,550; taxes, etc;, accrued,
$377,872; amount payable to U. S. Government for voluntary refund on
war
contracts, $550,000; reserve for Federal taxes on income and
renegotiation of war contracts, estimated (after U. S- Treasury tax
notes
of $4,016,400).
$2,190,114%-, reserve for post-war adjustments,
$1,000,000 ; 5% preferred stock (par $100); $1,902,700; common stock
(249.838 shares, no par)
$4,996,760; capital surplus, $417,115; earned
surplus, $6,822,778; capital stock purchased for and held in treasury
(1,101
shares of preferred at, par, $110,100, and
12,222 shares of
common
at
cost,
$185,725), Dr$295,825; total, $20,855,064.—V. 162,
p. 779. l*
'
ASSETS—Cash in banks apd on'hard/$4,283,968;
——
Total
Operation
———_
Depreciation
)—
plant
adjs. —
State,
local & miscell.
Federal taxes — *■««..
acquisition
1,651,395
1,478,626
1,069,773
1,387,061
1,069,631
1,070,768
2,587,828
2,347,198
1,719.418
$3,087,113
$3,255,103
$3,231,321
(net)— _
$3,128,753
45,174
40,173
22,230
64,893
—^1—
$3,173,928
$3,127,287
$3,277,339
$3,296,219
other deducts.—
954,850
963,727
!——_
1765. —
$2,219,078
$2,163,559
excess
taxes..
profits
(net)..*—
taxes
Operating
income—).-
income
Gross
—V.
,
55,903
55,908:
55,908
55,908
1883,558
1,075,408
income
Federal
Net
$13,229,468 $12,204,160
4,066,213., 3,342.610
16,562 ,,
14,6?0
2,424,528
Federal
&
—
*'1942
$15,561,399
$18,509,939 $18,263,014 = $17,312,244
5,403,885
6,118,502
6,838,524
7,002,604
1,038,664
1,271,309
1,210,641
1,181,925
1,625.510
1,715.825
1,760,836
1,757,253
Amort, of electric
Int.
1943
-
___——!—
Maintenance
Other
Years Ended Dec. 31—
—
•
.
EARNINGS
1944=
July 31, '45 •;
Elec.- $14,350,007 $14,086,059
_.!!_
4,144,061 ' 4,160,503
15.870 %
16,447
'operating revs.:
i.
CONSOLIDATED BALANCE SHEET, SEPT.
470,778
$2,190,495
railway—
.
$2,409,527
453,360
railway
oper.
1944
•
$7,512,058 $12,587,907
1,327,488
1,654,036
Surplus
corn) stk; (hO par)
Earnings
24,019,460
:9,300,161
46,321
Electric Co!.—Offers Ex¬
share, in each case plus dividends to redemption
National Bank of Columbus, O., transfer agent.
4V4%
•
109,720
_194,403
_
Shs.
.
From Jan. 1—
Gross
dividends
'
1
t
Southern Ohio
mtge. bonds, 314%
Cumulative pfd. shares
$9,404,887 $12,934,944
67,223.
534,636
dividends
920,717
income
profit
Preferred
$9,210,484 $12,825,224
,
§3,925,000
1942 '
$141,781
28,366
Deposits must be
at Huntington National
Bank, Columbus, O., or at office of City Bank Farmers Trust Co., New*
York, and, in the event that 100,000 or more of the outstanding shares
are
so
deposited, or the company shall exercise its option to declare
the'plan effective on the basis of a lesser amount, all of the outstanding first preferred and series B preferred shares not so deposited will
be redeemed on Jan. 1, 1946, and Feb. 1, 1946, respectively, at $110
per share, plus dividends to the respective redemption dates,A dividend adjustment to be paid by the company to exchanging
shareholders in cash will amount to 80 cents per -share in the case
of first preferred 6% shares and 56 cents per share in the case of
series B preferred shares (61/2%).
Merrill Lynch, Pierce, Fenner & Beane, -as dealer manager has agreed
to form and manage- a group of securities dealers, including the dealer
manager, to solicit deposits under the exchange plan.
The cumulative preferred shares, 4'/4%
series, is entitled to cumu¬
lative dividends from Nov. 1, 1945, payable quarterly Feb. 1, May 1,
Aug. 1, and Nov. 1.
Redeemable at option of company in whole or
in part at any time on not less than 30 days' notice at $115 per sharo
prior to Nov. 1, 1946, thereafter at prices: decreasing by $1 per share
on
each Nov. 1 to Nov. 1, 1950, and on and after that date at $110
per
1942
1943
1944
3945
—
1—
taxes
'
1943
$109,758
4,041
oper.
•
$1,145,827 "$1,779,744" $1,642,641
Depreciation
Federal
Chicago & Eastern Illinois RR —Earnings-
,
1944
•%/.)<' 1945 l'.V'
•'
First
$7,322,042 $12,344,161
190,016
243,746
88,644
596,892
207,704
-
196,160
$151,109
from
from
ry.,
1,361,471
497,093
•
293,600
$113,711
railway.—r '9,164
oper.
received
ton
Co.—Earnings—
248,337
allowed
Discounts
Spec, amort, of war
.
Bank, Columbus, O., registrar.
162, p. 876.
.
•*/
321,956
435,857
posit their shares for exchange on a share for share
•745 new cumulative preferred shares/ 4»/4%
series.
(Including Clark-Celfor Tool Corp.)
9 Mos.
Gross
1,266,281
<
177,111
CAPITALIZATION GIVING
162, p. 2012.
.•
.ferred 6%
service in
t
-
.
''iVv<r
Company is inviting the holders of its outstanding 83,601 first preshares and 50,144 series B preferred shares (6Va%) to de¬
\
.
Clark Equipment
72,987
8,920
r..
1,150,698
372,482
.
From Jan. 1—
Gross
$155,175
30,622
6,395
r j,
$1,351,973
$765,000.—V.
was
$135,045
45,907
31,640
-
22,269
1942
$138,147
>
44,140
3,508)807
the consumer
reported that
during the quarter ended Sept. 30, 1945, $255,000 of the total expenses
incurred
in
developing and maintaining the instalment financing
organization for post-war expansion Was charged against the reserve
for contingencies created for this purpose out of 1942 and 1943 earn¬
ings. ' For the nine months' period, the total charged against the
reserve
2,489,261
1,723,617
a
*1943
1944'
$123,597
railway.._
Columbus &
9,615,161
v
instances, are being manned by former employees
the armed forces.
A further expansion pro¬
of
3,944,647
change Plan—
is projected to keep pace with the reconversion of
•durable goods industries.
In this connection Mr. Dietz
$18,563,710 $20,609,940 $18,766,117 $16,030,867
5,831,341
7,687,642
8,581,545
7,276,804
railway
<■ -
President, stated that in preparation for
business) particularly in -the automobile and
from
2,355,520
income.!
1509.
"Deficit—V.
362,208
branch offices since the first of the year, with a total of
than 200 in. operation at this time.
These branches, in a grati¬
returned
t 7,453,449
10,250,310
-
From Jan. 1—
•
21,966,699
Dietz,
fying-number
301,018
1,387,018
100 new
more
-301,354
',239,514"
2,108,400
income^
from
ry.
•Net
gram
SEPTEMBER
September—
oper.
B.
J.
1,395,000
EARNINGS
than
370,330
•>>
railway
railway—'—!
from
'Net
$2,774,668
-27,177,756
11,538,920 12,920,170
3,723,917
4,633,978
*
appliance fields, the instalment
305,000
_
of
volume
515,000
515,000
2,065,000
Merle-Smith
from
Co.___
2,065,000
P. S. Moseley & Co
"White, Weld & Co
Becker &
&
O.
Arthur
$1,018,880
455,552
12,238,834
4,350,033
oper.
162, p.
Net
$1,717,496 $5,005,692 $5,297,236
$0.38
$0.49
$1.40
$1.54
manufacturing operations, included in the
after reserves for estimated renegotiation and
taxes
$1,250,985
514,211
Columbus & Greenville Ry.- —Earnings—
1942
share..
com.
figures, are
conversion.
foregoing
post-war
515,000
Stern Brothers & Co.___
2,065,000
.?
Financial Corp. (& Subs.)-r-Earnings—
income
per
1942
$1,543,517
1945
September—
Earhings
28,749,862
1945—3 Mos.—1.944 ■
i '■
:
1943
%
1,810,778
from
from
ry.
...
1943
$2,962,181
1,332,110
, 488,094
•;
'30—
'*
From Jan. 1—
.
NOTE—Net earnings from
515,000
Beane——,
1,111,671
376,065
1944
3,682,670
.
railway
railway
oper.
Net
'
'
=
11,757,680
!
income—
1636.
from
Gross
■ ^
-
Pacific Ry.-
1944
1945
September—
•
515,000
&
3,366,080
after chgs. &
prof,
Feaeral
& Co., Inc
Turben & Co.__
26,312,558
;,9,021,599
income—
Period End. Sept.
Earns,
Merrill,
Lynch,
railway.._.!
oper.
ry.
p.
Gross
—V.
of 25%—
$3,013,326
316,653
income..
railway—.
C. I. T.
775,000
Kalman
$2,456,954
729,711
railway—!
162,
Net
1945
railway
oper.
from
Net
&
Haydqn, Miller & Co.—.
from
20,123,120
6,020,996
—V. 162, p. 1509.
775,000
Marks
M.
2,065,000
ry.
20.346,730
4,670,527
2,923,402
1—-ir >
1 railway.—
oper.
696,201
..
"
railway...
from
Gross
Net
2,065,000
Net
20,849,582
5,503,847
350.
p.
from
775,000
3,095,000
Net
—•
^
•
warrant's
Colorado & Wyoming Ry,~ -Earnings—
1942 :
$2,233,199
$2,674,682
1,098,175
$2,376,685
> 655,366
344,913
-
From Jan. 1—
775,000
Hawley, Shepard & Co._
Langley & Co..—
3Lee Higginson Corp
162,
Net
775,000
& Sons
from
from
ry.
Net
1,030,000
Illinois Co
"
•,
Ry.— -Earnings
Stock
York
New
Gross
1,395,000
Whiting, Weeks & Stubbs
and
C.
Gross
•Net
25,138,386
Gross
1,395,000
1,030,000
Co.
3,095,000
Blodget, Inc.
Dick &
Gross
34,877,573
.
1943
j
$2,555,575
830,406
430,347
Cincinnati New Orleans & Texas
1,395,000
Co.
&
4 -
railway-—• $1,310,617
railway——
476,518
oper. Income.)/.
' 249,724
From Jan.
Gross
V.
the
W:
G.
„i
wrrrant
the
to
1950.—V. 162, p. 2012.
from
Net' ry.
95,752,303
principal of each $1,000 15-year 5% gold debentures, due 1943, and
debentures, due 1957 (stamped as to paymetn of 25% of
principal) is being made on presentation of debentures for stamping.—
100.0399
at
Hemphill, Noyes & Co.—
Fenner
Net
amount
Blair & Co.__:_
William
Hutz-
ler
Smith, Barney & Co
&
Wisconsin
Salomon
Merrill
162, p.
The
interest
Co
&
Anthony
Estabrook
Inc.
&
•5,931,053
3,868,110
-
the
—.$1,395,000
Hall & Co.,
Kidder, Peabody & Co.— 3,095,000
Kuhn, Loeb & Co.
3,095,000
Lehman Brothers
3,095,000
Stone
1944
;
...
stodk represented by
common
'
from-
15-year 5%
delivery,
"
September—
Gross
—V.
income—_
1636.
oper.
Net
3,095,000
The
surrendered.
Exchange has received .notice that pursuant
to order of the U. S. District Court, Southern District of New York,
dated Oct." 10,-1945, payment of an additional 25%
on account- of
below.
Blyth
Harriman
of
warrants
their
surrender
Colorado & Southern Ry.— -Earnlngs^r—
2;523,168
1,766,908
Childs Co.—To Make Payment
after
$59,465,179
sell the issue
to
1945,
holders
per share.
price of $1/7.50
the
Net
railway...
from
ry,
...
outstanding
of
the
at
should
.
New
Net
September—
has agreed
Aug.
Drexel
Co.,
be
reduction
a
Morgan Stanley & Co.__$3,095,000
&
—
railway—
from
Net
indenture.-
a
UNDERWRITERS—Company
accrued
provided
stock
common
>
Warrant holder tp
reduced entitling the
vtwice the number of shares of
17,312,340
150,231,943 142,298,904 133,126,931
55,830,395
56,261,080
58,206,304
20,677,113
22,672,603 . 32,368,080
1945
railway
rper. income
ry.
Gross
mortgage
($65,247,000
One year's interest on such debt would
reduction
of
31.5%
from
the
$9,564,643
year 1941.
$6,555,755,
charges for the
several
Net
—V.
1941.
to
plus
p.
Net'from
(-Additional bonds may be issued under the
refunding mortgage
total
the
mtge. bonds.
gen.
and
income—
2012.
oper.
162,
Net
general
previously
Chase National Bank of the City of New York, 11 Broad
York 15, "N. Y., for exchange for new warrants entitling
•the holders to purchase at the new warrant price of $17.50 per share
22,146,198
addition
22,
common
30,386,867
5,551,407
6,227,100
Chicago St; Paul Minneapolis & Omaha
8,500,000
:
entitled
is
stock
Warrant
agent,
From Jan. 1—
'Standing, $113,187,000■ pledged), but there is no limitation on the
right to extend (by agreement with the holdersl the maturity of out¬
standing
railway—^—.
from
ry.
September—
Gross from railway
contracts, va¬
1955
in
various
through
railway-
from
Net
1,400,000
,
1945, the number of shares of
purchasable by holders of the
stock has been increased so
to purchase twice the number, of shares
purchasable by the holder of such war-
of
99,915,829
37,344,248-46,172,768
17,750,809
27,647,308
4,558,985
1,-191,853
income.._
oper.
ry.
—V.
notes—
amounts
"No
-
65,000,000
notes/due serially to 12-1-46
; > 1%% notes, due serially to 12-l-49____
Equipment obligations and conditional sale
rates
purchase
From Jan. 1—
Gross
29,800,000
2'/4%
rious
Net
65,247,000
*
holder
purchase
Warrants arte void' after Feb/ 1,
railway——-
Net -from
—$170,839,100
4%%. due 2-1-77
1985, 2Va%,
-
Corp.—Warrant Adjustment—
Oct.
of
as
this* corporation
the
for
each
that
of
1942
to
are
months
■
september— • ,
.
1945 ,,
1944
,.1943
from railway.!— $14,991,520 $16,152,490 $14,121,387 $13,282,868
TO
mortgage 4% bonds, due 3-1-58—._
fFirst and refunding mortgage bonds—
Series of
p.
stock
common
St.,
127,930,827 124,601,250-121,655,258
17,151,349
three
The warrant price has been
-
34,832,733
the
,
Gross
FINANCING
$100»
(par
162,
Net
GIVING
"
income—
.1636."
'• "
discovered
for depletion of
;•%'T.''
foe
announced
Is
'warrants
Chicago Rock Island & Pacific Ry.—Earningsgen¬
first
covered
"General
Series
the
pledged under the first and refunding mortgage.
are
CAPITALIZATION
Common
the
and
railroad,
- railway.:.—
railway——j.
oper.
have
revenues
by the general
approximately '479 miles of railroad.
of
$178;414,000 of general
mortgage
on
$109,417,000,
miles of
from
-"
$7,317,787
$2.90
but before provision
:;.■
^
Colorado Fuel & Iron
It
"
"*■,.'
$6,091,937
$2.42
$5,689,144
share.^!....—$2.26
profit
'common
.
18,431,151
operating
•
From Jah. 1—:
5,753,409
railway
"
".
$14,016,140
6,698,353
$8,868,906
4,013,933
5,128,095
.
23,961,683
21,503,234
,
1943,
1944
2,488,136 / 2,776,969
$8,177,280
taxes
ended Sept. 30, 1945, after all
charges, but before provision for depletion of discovered increment
and
after
providing $295,002 for Federal income tax .and
surtax-,
amounted to' $746,902, equal to 30 cents per share on the 2,5z0,000
shares outstanding, compared with $2,814,003, or $1.12 per share for
the September quarter of 1944.—V. 162. p.-;1886., <■,.
•
'
Net
;
1945
19441943
1942
Gross from railway!.— $14,473,1-79 $14,526,161 $14,858,712 $12,815,269
Net from railway—-—i
,4,053,659
4,686,331
6,172,636
4,574,988
Net ry. oper. income.—
2,031,772
2,003,894
5,360,934
2,708,170
5,001,326
7,854
on
under
second
a
f
A.
1945
643,944
1,977,342
"" 1
1945
etc., profits
Jcharges,
//Increment.;
.
.
''
September—
corresponding period of 1944.
mortgage
is
mortgage
i
After- all
of
31.
traffic, and
first
a
refunding
issued,
bonds issued,
}
■
$18,456,401 $20,511,839
2012.
p.
19,086,290
Aug.
SECURITY—Company's general mortgage, in the opinion of its
eral
Jn
.
Chicago & North Western Ry.—Earnings—
5,157,16.4
23,432,477
170,956,623
...
"Eight
Ttt
.
,
surtax,
Net profit
Earnings per
1
'°1944_._______
be
$
ineonu—
oper.
162
Income
$11,271,003
—
'''1,665,963
.
railway
_•
173,939,615 168,695,372
railway....
40,857,072
49,895,377
from
—V.
$82,925,209
'98,082,411
1935
*3936
2,506,464
1,983,965
-
- r-
railway..—-—
oper.
Net
Fixed
2,666,766
from
Net
Available
for Fixed
3,574,691
From Jan. 1—
,
Income
Operating
3,380,397
inc.
taxes-A--—-
232,968
Chteag^ Milwaukee (St. Paul & Pacific RR^—Earnings
Gross
Railway
8,428,112
1,511,853
^
v
.September— ;
railway
Net
EARNINGS
income..!
Gross -from
before'Feb.-1; 1946 of $39;493,000 first and refunding mortgage 3%%
bonds, series of 1974, due Aug. 1, 1974.
'" "■
•
• ■
/
OF
9,694,528
before Federal
Profit
Fed.
331,891
—
-
2,693,885
to¬
gether with; funds from treasury to the extent required will be applied
the
retirement
Or
redemption
on
or
before
Jan..
15, .1946
of
3l/2% collateral trust bonds due Dec. 1, 1969 and on or
141,856
10,310,037
304,463
;
...
railway..!-"..
162, p. 1636.
*
$996,774
$1,053,508
403,301
266.857
54,000
•
railway.9,012,713
ry.-oper.
V.
to
,
from
•Net
$30,000,100
SUMMARY
Income...,
oner
"9 Months Ended Sept. 30—
T.
1942
1943
$1,116,866
■158,474:
railway-.!
from'
1944
1945
$796,211
From-Jan. 1—
Gross
Co.—Earnings—
"
'"*■*■•••
railway.
_
of
exclusive
from
•
its tunded debt and has paid
every year, since 1861; More than 97 %
stock is owned in equal parts by Great Northern Ry.
Pacific Ry.
; c-v
y.y?';iv^ '
——/i,:,)';
of
any
from
Gross
railroad
lington has never defaulted on
dividends on its capital stock
of
and
miles
In addition to
'Minneapolis,
»■
8,436
Climax Molybdenum
Chicago Indianapolis & Louisville Ry.—Earnings—
Commission/^—September-
COMPANY—Company
2143
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4435
income
income
162, p.
'
915,441
879,637
$2,361,892
$2,416,582
■■•*:
^
9 Months Ended Sept. 30—
Electricity output of the Commonwealth Edison group of companies,
excluding sales to other electric utilities, for the week ended Oct, 27
1945,
snowed
a
5.2 % decrease from the corresponding period last
and
weeks
percentage
yy^V-
1945
1944
27
181,307,000
191,253,000
*20
175,137,000
176,186,000
176,795,000
190,705,000
191,288,000
193,196,000
State
&
inc.
"326,536
profit before tax credit
t Excess profits taxes credits
1130,277
249,491
$525,628
taxes
Net
$424,016
239,531
$563,926
127,698
—
7.9
7.9
8.5
Week Ended—
Oct.'' 13
6
Oct.
$691,624
Per share earnings before tax cred.
$0.95
Per share earnings incl, tax credit
$1.20
"Includes
$34,472
prior years
taxes.
tNo provision for Federal
taxes required.
tRepresents carry-back of unused excess profits tax
Total
Economist Appointed—
Industrial
credit
of companies on Oct. 26 an¬
nounced the appointment of Milburn L. Forth as Industrial Economist
to head
ujVjtne *£&search activities of their recently created tetvl.torial information department in Chicago. He has served as Economist
for
the War Production Board
in Washington for the past three
years.
Prior to his service with WPB he -was Economist for the
industrial division of the National Resources Planning Board.—V. 162,
Edison
Commonwealth
The
net
of
$663,547
$0.69
$1.15
$525,628
$0.90
$0.90
profit—
prior years.—V.
162,
454.
p.
Net
ry.
$12,728,023 $11,285,142 $17,606,749
5,413,935' 4,651,944 10,572,158
1,125,000
1945—Month—1944
Period End. Sept. 30—
Gross
$5,418,199
$5,909,591
$6,392,502
1,290,093
4,924,700
1,290,093
4,924,69.9
1,290,103
5,433,182
+$796,594
10,201,099
t$305,202
+$330,783
9,786,802
9,847,016
income
Operating
Deprec.
expenses
7,627,105
2,636,106
—
amortization
&
Provision
3,421,060
taxes
for
Divs.
deductions
872,736
71,728
928,254
10,538,984
234,003
1,023,337
♦.
profit
Preferred
i'i
before
inc.,
stock
pfd.
on
Surplus,
Dec.
Earn,
11,284,524
1,691,572
Connecticut Railway &
subsidiaries
conditions
Period End. Sept.
Net prof,
&
Net
Total
316,451
315,913
250,000
500,000
308,804
1,108,100
p.
998,765
112,775
367,039
284,115
277,561
i'$607,210
$580,163
$541,487
162,
net
291,676
243 012
374,765
159,
£1,924
„.L
162,
166,011
169,013
$750,241
$510,856
Other
Power
ft s;;
Net
31 announced that Systeiri output of electricity
expenses
taxes
corresponding
.;yyyy%fe-
> ■-i -•.
schedule effecting
city.
Public
Y.
residential
iate
cut
p.
3013.
162,
an
an
and
annual
religious
77,356
75,345
approp.-
209,529
*—__
$177,378
617
$135,955
975
$2,067,756
9,085
ry.
asked
the
$186,930
$2,076,841
46,667
Net
from
ry.
—V.
int.
46,667
560,000
4,969
5,975
76,204
$1,906,094
560,000
6,134
bonds
deducts.—
&
from
surp
carried
Cr7,444
res,
institution
in
customers
to
Dividends
Cr96,173
Dr4,666
Cr235,767
"»
1942
$304,478
127.968
93,244
110,029
29,692
152,687
>p:
•
income
1638.
York
be
would
"
part
of
reduction
$6,000,000
a
'
$19,000,000 4% Bonds—
has called for redemption on Dec. 31, next, 819,000,000
of a total of $49,000,000 outstanding of its general and refunding 4%
mortgage bonds, series F, due Oct. 1, 1965, at 105+2 and interest.
Payment will be made at the Bankers Trust Co., trustee, 16 Wall St.,
New
York, N. Y., or, at the option of the holders, at the National
Bank of Detroit, 660 Woodward Ave., Detroit, Mich., or at The Manu¬
facturers National Bank of Detroit, 151 West Fort St., Detroit, Mich.
The company
162,
2014.
p.
\
Net
ry.
$82,767
$154,157
18,299
21,071
87,691
10,082
14.963
71,335
736,744
97,764
738,504
740.556
765,035
88,387
103.498
247,833
29,324
30,034
19,334
173,673
income—
oper.
Lichtenstein,
Oct.
on
—V.
program.—
1
1
1
1
$1,536,810
380,081
earned surp.
$133,803
$129,622
applic. to preferred stocks for period
$1,575,727
507,386
$1,068,341
From Jan. 1—
ry.
—V.
railway..—
from
railway
from
Net
oper.
162, p.
income—
1511.
RR.—Earnings-
1945
Net
ry.
1943
1942
$702,152
$719,930
$701,154
44,937
223,455
296.758
313,126
14,139
147,152
198,176
184,692
6,789,282
2,646,909
1,516,909
7.095,347
6,228,501
2,654,545
1,451,760
railway
from
Net
1944
$506,620
September—
Gross
from
railway-
income..
oper.
Net
rv.
2.323.946
railway
from
Net
6,577,026
railway-
from
Gross
162,
1.262.947
income..
oper.
26
at
Corp.—President Dies—
President and a director, died
the age of 75.—V. 162, p. 2013.
sales
"Net
in
New
1945
1944
1943
1942
$266,945
railway..—
from
Net
$330,863
$307,964
$335,127
163,570
129,739
184.869
Net
ry.
railway.—
oper.
162,
56,245
46,205
97,938
3,266,669
1,630,689
525,209
3,154.502
1,659.769
3,101,973
1,621,022
600,989
590,108
1,444,265
railway
from
ry.
6,823
1—
Gross, from
Net
p.
438,646
income—
1511.
$5,132,255
184,669
514,134
514,134
514,134
$0.36
;
$0.44
$0.53
share
per
Raynolds Co., Inc.
&
Devoe
1943
1944
$5,637,079
226,097
1945
$6,197,913
of/ capital shares
Earnings
Current
Consolidatioh Coal Co., Inc.
from
$1,161,599
opers—w
274,186
income
46,820
1;
42,560
142,227
$1,540,771
$4,108,515
and
for
depletion—
149
sinking fund debentures at
underwriting syndicate headed
Further details follow:
100% and interest by an
by Shields & Co.
and. a
468~740
1,168,982
412,757
^
profit
per
320,404
$474,868
„
share.
com.
$0.71
wIn?udS*m Excess
but
for the parent
none
$660,621
$1,436,962
$0.98
129,768 ;
162,
p.
Association
The
314%
bonds,
be
1,103,116
at
made
Holders
accrued
$1,615,166
Gross
of
series
the
due
the Irving
$4,656,176
2,374,417
___
Provision
Gross
Int.,
for
Net
Divs.
pfd.
Balance
—V.
Cr59.109
interest to
Dec.
—
stock
y
848,026
$4,785,327 $58,578,023 $60,081,592
2,132,199
29,649,692
23,881,372
822,090
8,915,895
9,120,682
756,994
8,417,051
14,606,290
;£' •' Net
nr
$4,836,450 $12,369,152 $16,704,411
income
income
taxes
535,000
61,027
229 516
2,969,270
3,245,836
516,391
687,128
1,799,498
118,108
433,813
352,453
of
$4,065,237
Net
on
fixed
and
643,503
excess
132.
profits
Delaware & Hudson RR.
Net
was
1.075.423
$^ 033 904
cents'* stare)
:
ry.
Net
—V.
cash
1942
751,898
1,075,299
1,536,982
1.408,674
income—
408,612
829,906
959,702
759,987
railway
p.
__
—
income..
1511.
however, not to exceed a sum sufficient to retire 8140,000 prin¬
amount of debentures.
Sinking fund payments may be made in
or
debentures, or both, and debentures redeemed otherwise than
against sinking fund re¬
at following redemption
of the principal amount, together with
acci-ued interest on the principal amount to the date fixed for re¬
demption.
To and including Sept. 30, 1948, at 10198% ; and there¬
through
the
quirements.
sinking fund may be credited
Redeemable for sinking fund
prices, expressed in percentages
after
100%%.
at
Redeemable
fund)
the
at
principal
at option of company (otherwise than for the sinking
following redemption prices, expressed in percentages of
amount, together with accrued interest on the
date fixed for redemption: To and including
';
'
;;'£ £. /■'"yyy ££i,
35,468,345
y£:''y
■
38,221,228
36,472,644
23,825,470
7,333,437
9.993,003
11,677,312
11,852,538
3,743,933
6,596,326
7,039,623
6,593,535
."
..
;..:
principal
Sept. 30,
and including Sept. 30. 1955, at 101%%;
thereafter, to and including Sept. 30, 1960, at 101%%'; and thereafter
to
the
1950, at 102%% ; thereafter, to
at
100%%,
'
-
PURPOSE—Proceeds to be
.
v
-j
received by the company
f, frdmthe sale of
debentures, estimated at $3,399,210, exclusive of accrued interest
and after deducting underwriting discounts as well as estimated ex¬
the
be applied in part to the redemption of the
cumulative preferred stock at $106 per share plus
$2,863,484, exclusive of accrued dividends); in
part as an advance to a subsioiarj of the ^company, Truscon Labora¬
tories.
Inc., to enable it to redeem $328,500 purchase money first
mortgage 5% serial bonds at 100 and int.; and balance will be added
of
penses
$39,540,
will
27,014 shades of 5%
dividends
(requiring
the
company's
general funds.
CAPITALIZATION
due
GIVING
sinking fund
EFFECT
1. 1965
Class A stock (nc par)_
:
Class B common stock (no par)
—_—
several
UNDERWRITING—The
TO PRESENT
FINANCING
Aqthorized
Outstanding
$3,500,000
235,000 slis.
200,000 shs.
83,500,000
163,437 shs.
193,750 shs.
debentures,
Oct.
underwriters named
below have
en¬
agreement with the company in which the company has
sell, and the
underwriters have agreed. - severally and
not jointly, to purchase the principal lamount of debentures set jortlibelow:'"'
;
tered
into
agreed
&
an
to
Shields
V 1943
-
$3,850 641
oper.
162,
'
$4,362,675
oper.
from
1944
$4,231,163
.
ry.
$1,010,748
$1,286,299
$4,565,992
(Five year basis.—V. 162,
T
$3,609,629
;■
Net
2,009,599
railway.—
railway.^—_
From Jan.: 1— ■ *
Gross
from
railway—..
£
1,848,106
Corp.—Earnings—
1945
'
from
from
659,008
taxes.
.
September—
'■07|^9
year
year exceeds the sum of S400.000: A sum
consolidated net income in excess of 8400,000 and
and 15% of such consolidated ilet income in
the aggregate of all sinking fund payments in any
of such
<bf $600,000,
$600,000;
of
excess
i-
$561,627
—
for
excess
20-year 2%%
„_—r
provision
566
pp.
—
rr.
income
"No
1945 *
1944
'1943
$26-421-318 $24,881,141 $24,650,117
or 52
in
preceding
the
of
30
equal to 10%
not
to
de¬
rr.
projects
.
suf¬
pay¬
April 3C, 1947 and on April 30 of each year thereafter as
follows in the event consolidated net income for the fiscal year ended
2,029,745
property
——144,399
Other
deprec. & deple.
^
|
66,627
1,302,000
134,024
fense
not income
1,256,000
2,978,360
(Amortiz.
***** S2.052.185.
265,000
*2,633,052
Deprec.
e. 3? weeks ending Sept. 29, 1945,
tearn-v*
$4,279,130
i
Fed
48,950,865
987,331
Net
J.«t
1945—9 Mos.—1944
47,330,390
1,042,500
3,424,818
!%%%£ £
Subsidiaries)
987,285
$7,490,056
share......,......."
its
829,898
Gross
per
and
taxes
3,424,817
NumyrnTceorMt-:,h^Vs:::;;;:;
Co.
charges
SSUr&
Earnings
Coal
Subs.)—Earnings—
Fixed
$6,841,250
f 77 ""
(&
Interest payable April 1 and
York, trustee. Sinking fund pay¬
1965.
1,
on
amount
Co.
Other
Continental Baking Co. (& Subs.)—
Earningsnrfjiufc" of tor A
162,
16,296,844
'
charges
Opera tine
will
15,831,657
for
285,427
Net3^?8^Ended Sept. 30-
such bonds.—V.
1945—3 Mos.—1944
taxes
$565,929
$3,416,432
mortgage
Payment
due Oct,
1946 and on April 30 of each year thereafter
$35,000 of debentures; additional sinking fund
30,
retire
to
ments
$20,110,787 $21,133,294 $59,699,542 $65,655,276
revenues
"Prov.
285,426
$280,502
interest.
1 Wall St., New .York, N. Y.
lull redemption price,
plus
by surrendering
1945,
Hudson
revenues
$326,089
162, p. 1510.
refunding
and
and
trustee,
obtain the
Hudson
&
Expenses
$1,074,042 $11,595,383 $12,473,246
508,112
4,754,132
4,983,190
$40,663
1,
Period End. Sept. 30—
1945—12 Mos.—1944
first
106V2
at
April
on
ficient
the
Canadian
$1,174,115
deductions—
income
on
1,166)753
taxes
income
etc.,
;
outstanding
1962,
Trust Co.,
immediately
may
Delaware
454.
Gross
revenue
Operating expenses
Deprec. & amortization
2442.
2013.
p.
$2.36
mz.jt,
all
land
interest
1,023,619
$2.06
3>z.uo
1945—Month—1944
p*.
has called for redemption on Dec. 1, next, all of the
first mortgage bonds, 3% series due 1970, at 103V2 and
outstanding
Co.—Earnings—
Period End. Sept. 30—
161,
company
(Includes The
Consumers Power
Commerce.—V.
of
yf, Dayton Power & Light Co.—Calls 3% and 314% Bonds
pi ofits taxes for certain subsidiaries,
company.—V.
Baltimore
and
1945;
1,
Guaranty Trust Co. of New
1
ments
cipal
250,000
—_
taxes—
four
Oct
Dated
Oct
Nov.
French has been elected a director of the corporation for
years.
He is President of The Maryland Drydock Co.
director of Baltimore National Bank, Shipbuilders Council of
6f
term
a
726
411,261
2,719
1,249,852
contingencies-
income
compared
George H.
$3,742,628
Interest
$7,754,268
of
Debentures Offered—
$3,500,000 20-year 2%%
of
of
$3,612 860
$1,203,419
r—
income
capital
liabilities
and
1945,
New Director Elected—
390
Total
Net
S3,S66,2R8
30,
—
issue of Oct. 29 of the offering
Mention was made in our
the end of the first quarter last year.
The
earned surplus at the end of the first quarter this year is $3,958,000,
compared with $3,171,000 at the end of the first quarter last year.
(& Subs.)—Earnings-
$1,498,211
Federal taxes.
$9,612,399 Sept.
of 5-to-l.
Working
were
a
ratio
$7,270,892 as
with
America
Earns,
assets
$1,858,130,
,
Period End. Sept. 30— yi 1943—3 Mos.—1944
1945—9 Mos—1944
Sales, royalties, etc.-..— $12,852,738 $13,976,321 $38,536,206 $38 173,292
Oper. exps., taxes, etc.11,691,139
12,478,310
34,569,917
34,560,432
Earns,
,
3,140.911
income—
oper.
Net
81,106
railway
from
(& Subs.)—
—
profit
Number
York,
'
Irving Geist, Secretary and Treasurer of the Jean Kenley Blouse
Corp., New York, N. Y„ has been elected a director.—V. 162, p. 1766.
"Fed.
RR.—Earnings-
Toledo Shore Line
&
September—
Gross
3,301,303
1,895,112
1511.
p.
"After charges and
Prov.
-
From Jan. 1—
—V.
162, p. 1638.
Davison Chemical Corp.
Consolidated Retail Stores, Inc.—New Director—
Deprec.
1942
1943
$83,656
776
railway
from
1944
1945
$79,489
9,136
railway
from
Net
4
Consolidated Cigar
Julius
Other
1,972,685
540,538
758,324
2,253,962
602,075
667,881
2,538,137
498,452
659,451
2,381,522
496,905
666,114
railway....
railway
From Jan.
Balance
New
1943
$218,640
37,241
Detroit Edison Co.—Calls
cor¬
$1,156,729
porate
file
to
-
oper.
162, p.
1944 *
$331,021
91,408
1945
income...
oper.
Detroit
income
mtge.
on
in electric
company
reduction of $2,560,000
36,985,005
14,722,491
12,132,420
74,883
$304,417
railway
from
Gross
$1,895,594
10,500
$177,995
revenues—
5
Net
Y.,
1945—12 Mos.—1944
$9,734,567 $8,654,104
3,842,136
3,709,287
1,843,161
1,090,500
1,071,911
1,069,841
909,603
679,353
160,948
85,563
161,337
—
Quarter Ended Sept. 30—
N.
Net
•
Gross
Int.
increase
52,837.294
23,459.121
13,515,020
y
.
The
V.
year,
___
'
Service Commission has
N.
for
last
ox
I
Bal,
new
rates
V
By State to Cut Rates in New York City—
The
a
weex
Co.,
1945—Month—1944
$861,643
$826,723
339,978
318,917
income
Transfer
5.2%,
from
■
169,700,000 kwh. lor
Asked
Net
September—
Dissolution—
below. — V. 148,
105,594
oper.
Other
Other
the
$5,741,866
2,959,795
2,586,483
Salt Lake Ry.—Earnings—
railway
from
Gross
and
Co.—Sale
Utilities
taxes
purchased)'ior: the weex ended Oct. 28,
1945. amounting to 180,200,000 kwh., compared with
171,900.000 kwh.
for the corresponding week of 1944, an increase of 4.8%.
Local dis¬
tribution of eiectvicicy amounted
to 178,600,000 kwh., compared with
of
.
Denver &
Gross
—V.
and
generated
10,527,578
.
_
$0.69
Light Co.—Earnings—
&
revenues
Depreciation
Prop. ret. res.
;~Z
': - y t V
Consolidated Edison Co. of New York, Inc.—Output—
The company on Oct.
16,511,438
railway
ry.
Gross
Operating
97,010
$726,165
0 «-K£?/. .*?('j-
(electricity
9,924,640
"2,165,241
oper. income..
"Deficit.—V. 162, p. 1766.
from
Net
Net
railway—
Detroit Toledo & Ironton
453.
p.
$0.57
Service
Public
Dallas
Operating
141,788
deducts..
1942
$6,191,061
2,618.372
1,513,855
3685.
p.
Federal
—V.
51,639,857
income..
_
Detroit & Mackinac Ry.—Earnings—
Montana-Dakota
See
$679,870
$916,252
$823,176
$898,386
$757,098
income
1,334,990
58,086,790
$412,780
$0.19
2517.
p.
Dakota
350,321
income
Net
"10,853,891
railway
oper.
from
Gross
454.
Period End. Sept. 30—
Total
$343,369
$0.10
share
interest
—V.
$329,548
taxes
income
Gross
_
ry.
Net
124,716
379,156
income,
2,313,482
—V.
$114,773
payment of 1%% became payable on and after Nov. 1,
1945 on the general lien 6% income bonds upon presentation of coupon
No. 24 at The Charleston National Bank, trustee, Charleston, W. Va.
$6,192,032
3,466,665
417,236
revenue-
other
1945—9 Mos.—1944
1945—3 Mos.—1944
30—
Cumberland Gas Corp.—Interest Payment—
$6,414,904
3,695,529
799,997
100,118
taxes—
local
oper,
2013.
$63,475
—V,
&
Federal
1944, $5,260,000 in
after all chgs.
per
An
contingencies
exc. profits
162, p.
taxes
Earnings
1945—12 Mos.—1944
$4,660,221
2,595,314
2,761,959
216,258
taxes
State
and
Lighting Co.—Earnings—
$4,769,661
Operating revenue
—
Oper. exps. & maint—
Prov.
for depreciation-
$6,271,124
$2.01
of Wheat Corp.—Earnings—
Cream
1945—9 Mos.—1944
Period End. Sept. 30—
Other
$9,516,233
$1.83
1945, $250,000 in
$594,100 in
(Deficit.—V.
income.
11,535,129
11,870,692
765,801
629,883
-
for
$9,481,601
$1.63
1943 and
1945, $738,944
1944, $902,158 in 1943 and $1,020,170 in 1942 for taxes other than
in
of
served, for the week ended Oct. 25, 1945, amounted to
238,25a,oOo as compared with 201,674,455 for the corresponding week
In 1944, a decrease of 13,414,949 or 5.33% .—V. 162, p. 2013.
inc.
$9,404,505
$1.90
$11,200,000 in 1942 for excess profits tax and $783,635 in
this
Fed.
$11,046,595
Sept. 30
sh. on com.
per
stock
territory
Prov.
11,162,299
31
8,204,527
1943
1944
1945
$5,726,384
Net
Surplus,
weekly kilowatt hour output of electric energy of
corporation,
adjusted to shnw general business
The
of
($115,705
—
16,272,243
Weekly Electric Output—
of
—_
.
17,535,186
»
"1U,522,862
From Jan. 1—
divs.
yy parent
1,290,093
4,924,700
—_
dividends
Common
$6,099,088
—
dividends
"Includes
Net
1,215,000
1,215,000
*
_
from
September—
Net
40,783,470
38,581,132
15,148,117
of
stock
pfd.
on
3,433,603
1,510,544
subsidiaries
Other
taxes—
Surplus
3,256,872
1,682,524
income
Gross
Interest
State
and
16,411,348
Denver & Rio Grande Western RR. —Earnings—"
$
17,300,349 212,545,389 209,816,697
97,586,911
86,067,646
7,692,185
26,287,026
25,972,265
2,214,778
50,090,317
56,993,315
3,954,781
16,941,144
revenue
"Fed.
$
S
frbm
September—
from railway-
$23,637,672
16,120,170
1,125,000
30—
Depreciation
1945—32 Mos.—1944
53,552,474
21 ,356.760
9 ,582.050
3,883,892
railway
railway—
From Jan. 1—
—
Southern Corp.- ^Earnings—
&
61 597,435
59,160,569
3,723,717
ry. oper. income—
"Deficit.—V. 162, p. 2014.
Net
1942
$22,834,070
803,602
Total
Commonwealth
56,065,421
12,147,738
from
Net
companies)
1945
1944
1943
Profit from operation— $11,662,131 $10,368,456 $16,665,928
Other income
1,065,891
916,686
940,821
9 Mos. End. Sept.
1942
$6,400,808
2,257,141
i,080,869
From Jan. 1—
Gross
Net
Co.—Earnings—
its subsidiary sales
(Incl.
280,137
>V y
1943
$6,781,787
1,941,142
.737,378
$6,443,163
1,751,358
"4,217,370
821,68-f
railway—w—
oper. income
RR.—Earnings-^"V
1944
1945
$5,380,808
railway
from
2013.
p.
from
Gross
group
Corn Products Refining
""'yy
SeptemberGross
Net
5.2
Oct.
1943
$813,417
1944
$554,293
1945
$852,164
—
——
Decrease
Oct.
charges
Net
Fed.
fc
\ ' '•
t
after
Profit
of the past four
the kilowatthour output totals
comparisons with last year:
Following are
year.
Delaware Lackawanna & Western
Copperweld Steel Co.—Earnings—
Commonwealth Edison Co.—Weekly Output—
y
Monday, November 5, 1945
THE COMMERCIAL & FINANCIAL CHRONICLE
2144
Company.— $800,000
475,000
Lee
Higglncon Corp
Eastman, Diilon & Co
Ladenburg, Thalmann &
325.0CG
325,000
Co.
Graham. Persons As Cc,_
.
225,000
ner
Deane
As
&
Parker
—
&
—
$160,000
150,000
Co
Baker, Watts & Co.
Moqre. Leonard & Lynch
110,000
Stein Bros. & Bovce.:
110.000
110,000
R. S. Hudson & Co., Inc.
225,000
Curtis
Redpath
Otis
75,000
75.000
55.000
Hill & Co—
55,000
Farwrdt, Chapman As Co.
Paine. Webber, Jackson &
Singer,
Auchineloss,.
Scrib225.000
Kalman
Ac
Co
,
Itic—
"
;
'■
■■■•
Volume 162
\f' ••'"
'■
•'
''■■
'<,i'
Number 4435
l-VV^jV
' ^
5.
/''- V ■''■■"•
THE COMMERCIAL & FINANCIAL CHRONICLE
2145
'
Calls
Preferred
"""UNDERWRITERS-^The" names" of
Stock—
tlve number of
The
corporation has called for redemption on Nov. 30, 1945, alt
outstanding shares of
cumulative preferred stock at $ 106
per, share and accrued dividends of $1.25 per share.
Payment will
be
made
at
the Irving
Trust Co.,
redemption agent, 1 Wall St.,
of
are
its
stock
certificates.—V.
162,
2014. ;,
p.
* ■'
>■
*>,V;
—V, 162, p. 2014.
Dravo Corp;-*-Stock Offered—As mentioned in our is¬
of Oct. 29, Mellon Securities
Corp. on Oct. 26 offered
73,232 shares of common stock (par $1) at $26.50 per
share.
The shares are presently issued and outstanding
sue
and
addition
purchased
at
S25
certain
above
shares,
stockholders
by
25,000
Dravo
shares
Corp.
for
its
Co.,
Pittsburgh.
Dec.
ation
AND
31,
several
business
1936,
of
order to
in
the
started
"
i
;
-
;
.
,
.
BUSINESS—Corporation
in
related
1891
consolidate
corporations
by
F.
R.
September—
Gross
Pennsyl¬
integrated oper¬
an
which
carried
then
The
on
from
Net
in
formed
into
Dravo.
from
Net
_
was
ry.
Gross
a
original
set
Engineering Works Division—still operated
as
division
a
Net
ry.
—V.
of
from
The
corporation, .formed as the result of a statutory consolidation,
the corporate successor of The Dravo
Contracting Co. and Keystone
Sand and Supply Co.
certain
other
subsidiaries
continue
principal activities of the corporation and its subsidiaries
conducted through four divisions and two subsidiaries.
ry,
retaining
Keystone Sand Division
operating in
the
markets sand,
such
industrial
as
plants,
sories,
water
its
dredging
its
fleet
boiler
industrial
compressors,
treads,
scaffolding,
steel
turbines,
heating
grating,
water
systems,
stokers,
1943
service
Monongahela,
between
Ohio,
ports
Kanawha
and
River south " of and including
the foregoing waterways and
St.
subsidiary, operates
$459,144
209,202
186,328
3,237,371
728,573
and
Wolf
$503,503
240,934
•A
-
205,896
3,205,964
1,045,643
Mo.;
827,336
Waterway
clude
waterways,
coal,
cement,
its
including
New
and
Orleans.
tributary
Commodities
and
carried
con¬
in¬
Ry.—Earnings—
$196,400
$196,900
21,802
$228,500
owned
subsidiary,
7% of the
subsidiaries.
consolidated
Southern
dollar
Transfer
billings
Co..
the
of
accounted
for
and
corporation
Net
S2o.l2
'u1.
52,134
40,067
9,395
the
provision for
fund has
Federal income
elected
distribute
its
to
be
entire
30, 1945
62,542
takes
is
$285,541
believed
ry.
*18,667
2,476,900
1,965,900
708,541
538,325
1,569,100
404,685
7,738
246,632
186,418
103,714
income..
oper.
162,
13,106 |
1511.
p.
necessary
regulated investment
a
taxable
income
company and
taxable gains for
and
•'
STATEMENT
Investments
S.
at
OF
NET- ASSETS,
quoted market
Government
and
SEPT.
values:
other
Common
bonds
'
-
and
30,
1945,
*
*
I.)
duPont
deNemours
(Including
&
wholly-owned
Sept. 30—
Sales
(net
of
-
-
$3,463,298
5,013,538
-
6,538,703
_
(book value
on
cost basis*'$12,187,131)
avge.
$15,015,541
Cash
in banks (demand
deposits)-i____537,518
Current receivables.————
232,470
Total assets
$15,785,529
Current, payables. and accruals——J——:.
Net
The
$15,757,465
—-
617,545
.
625.52
a—-
'
'
,
Stock Fund—Quarterly Report—
following shows the net assets of the Fund, the number of
outstanding and the asset value per share on Sept. 30, 1945,
shares
compared with June 30,. 1945,
V
Net.
28,064
v.-
assets
and the end of last year:
Dec. 31, '44 Jun. 30, '45 Sep. 30, '45"
'
-
assets
Shares
$1,10;#,281
outstanding
$1,268,960
* 79,683
Asset value per share
/
$1,321,242
$15.93
77,307 '
:
oper.
Total
subsidiary
$16.49
80,113
-
.
$14.34
1945—9 Mos.—1944
$
146,584,752
160,433,898
3,980,558
4,897,047
472,987,500 463,824.121
16,467,684
19,255,490
on
inc.#
oper.
and
port.)
repricing
297,514,773
37,959,113
37,784,263
26,253,732
24,728,706
8,774.939
'
*v
for
liab. under reneg.
'
and t
acts
•
»
Oper.
Divs.
(net)..
income
from
Corp.
Gen.
26.393,000
32,845,953
12,108,159
7,5Q0,000
31,203,869
22,500,000
7,500.000
other
Total
Prov.
(net)..
98,358
852,342
8,371,002
142,719
tional
Power
&
during
1944
were
other
Fed.
inc.
taxes
income
25,
Light Co.,
Power
Power
&
&
believed
necessary
taxable
and
gains
for
1945 the system inputs of client operat¬
Inc.,
which are subsidiaries of
Services
Power & Light Corp. and Na¬
with the corresponding week
of kilowatt-hours):
compared
as
follows
thousands
(in
^
Operating Subsidiaries of—1945
American
is
investment company and
regulated
a
taxable
Co.," Electric
Light
as
taxes
Inc.—Weekly Input—
Ebasco
&
income
Light
Light
Corp..
National Power & Light Co.—
InCreaSe-••
1944
170,166
79,763
93,357
Co.__
• Amount
.
■'
%
165,423
4,743
91,733
*11,970
*13.1
102,371
*9,014
*8.8
2.9
-
.
•Decrease.
•
above
2,336,032
8,450,700
.
23,829,672
25,142,459
not include the
figures do
306,427
1,186,953
871,002
income..
other
for
be
to
system Inputs of any
companies not appearing in both periods.—V. 162, p. 2014.
*
wholly
inc.
of
Power
NOTE—The
owned
Misc.
American
22,500,000
Inc. from invest, in con¬
trolled cos. not
Federal
elected
ended Oct.
companies
Electric
10,188,931
$22,463
——
)'?Vr*? =■■
91,848,000
81,810,000
Motors
stock
com.
ing
.
21,360,000
the week
For
310,586,386
has
Ebasco Services
•
104,161,949
12,934,024
13,892,898
provision for
the Fund
expects to distribute its entire
the year.—V. 161, p. 206.
150,565,310 165,330,945 489,455,184 483,079,611
.....
taxes
-
NOTE—No
since
revenues..
-----/•: 7,113
income
Net
1945
$29,576
..
$
returns,
....
(alloc,
a
Expenses ————L—
companies)
$
Cost
Fed.
Income
Co.—Earnings—
1945—3 Mos.—1944
allowances,
outward
freight, etc.)
Other
-
-
-
_J_
notes_
stocks_____„
Eaton & Howard
*23,169
railway
Economy Brdcery Stores
(Including wholly
(allocated
Corp^Arinual Report—
PROPIT AND LOSS ACCOUNT
CONSOLIDATED
on
owhed affiliated companies)
• •
-
~
.
their
of
6%
\%
the
cumulative
cumulative
shareholders
Jan.
1946,
l,
exchanged
common
stock
preferred stock
Oct.
of
and
stock
preferred
10,
the
(c)
shares
to
from
1945,
the
of
for
number
at
6%
the
shareholders,
a
redemption
cumulative
Common
stock
'•■Includes
pfd.
($1
was
and
as
500
tion
on
18,
Aug.
1945,
of
to
shares
Outstanding
its
[Represents
historical
and
of
respect
to
be
acquired by the
employees and officers,
by the corpora¬
common
stock
profit and loss statement
of
giving effect to adjustments in
historical
charges for bond interest
after
and expense in view of the fact
all outstanding bonds were retired
prior to July 31, 1945 and
elimination of historical provisions for Federal income and
excess
profits taxes and Pennsylvania corporate net income
taxes, as actually
paid and accrued and the substitut'on therefor of
the amount of such,
that
in
accrued
had
there been
no
bond
interest
and
expense.?
Net
Divs.
7 Mos. End.
Calendar Years—
July 31, '45
1944
1943
$
less
$
$
164,707,833
of
inc.
and
operating exps.__
Selling, general, and adm.
Provision
Profit
Other
for doubtful
from
earned
149
1,939
$5,685,593 $11,129,002
87,967
1—
82,561
$5,773,560 $11,211,563
deductions
iederai
normal
Federal
excess
Other
income
5,049
income
profits
and
tax
905
and
and
1944,
21,852,904
11,109,673
48,275,756
11,116,495
52,105,460
11,109.689
$1.41
$1.97
$4.34
$4.69
$611,000
respectively,
ended
Sept.
for
the
and
30,
three
months
companies
$1,637,000
and
and
by
not
31,259
$9,366,447
10,859
519,970
718,799
748 496
3,452,120
7,112,822
5,628,640
137,100
221,173
183,023
$1,659,321
$3,127,508
$2,795,427
OF
*Adjust.
nine
1944,
months
resulting
from
General
in
Photo
:
—
$1,754,091
$3,127,508
$2,795,427
101,585
243.805
243,805
13,415
__
liabilities
__
Net
income
209,215
133,932
Minority shareholders
income
of
$1,639,091
share
of
net
$2,674,488
i5>6i0
$1'623'481
mulative
preferred
stock
'
$2,417,640
-»•
»
subsidiary...—
33,517
44 264
$2'640'931
85,180.
146,022
for
the
$1,311,000
I
revaluation
of
Co.,
Inc.
over
—
___
dividends
$1,538,301
$2,227,354
buildings,
_
30_with
Excess
Net
practice
profits
taxes
and
taxes
of
1943, and Dec. 31,
surplus
added
revaluing
a
from
tq
1925
426,694,211 408,370,723
5,699,869
5,699,863
41,691,844
41,661,161
followed
since
1925,
amount
the
1944.
to, 1945,
at
respectively. The net amount so
inclusive, is $196,378,242. Also,
in prior years $4,364,113
Canadian investment.—V. 162, p. 1511.
Eastern Air
The
cents
per
record
June
diiectors
surplus
as
result
a
share
Nov.
23.
on
An
the
31
declared
common
initial
r
share
,
semi-annual
a
stock,
payable Dec.
distribution
of
like
dividend
15
trade
of
was
made
former
.
1945
companies)
banks, $796,658;
receivable,
accounts
(including
accrued interest), $40,667;
$2,101,782; United States post-war
of S.
S.
Realty Co., Inc.
(wholly
inventories,
investments
$5,306,168.
profits
and
excise
tions
and
of
S.
(after
C),
insurance
accrued
interest
year), $8,869; accrued Federal income
deducting $200,000 U. S. Treasury tax
$100,414; accrued Commonwealth of Massa¬
local taxes, $40,093;
accrued social security and
taxes
series
notes,
chusetts
on
Inc.
(maturing
(maturing within one
excess
other
trade creditors on open account,
real estate mortgages of S. S.
within one
year),
$19,500;
installment
payable,
payments
Co.,
contracts
and
'
<
,
amortization
taxes,
(Federal
$8,230;
miscellaneous
and
other
State
contributions),
$24,120;
accrued
items including payroll,
$40,592; purchase money obliga¬
under mortgages on real estate to be
expenses,
S.
Realty Co., Inc.
by monthly and quarterly payments for various
exceeding 20 years from dates of execution, $300,762;
amortized
(120,000
of
cost
no
shares issued and
a'cquired
shares
3,000
total,
$2,735,720;
par
$5,306,168.—V.
for
the
160,
p.
treasury,* $39,539;
1293.
,
periods
capital
$1,350,000; less
outstanding),
50
Months Ended Sept. 30—
net
Earnings per
share__^
,
surplus,
„
*After
•1944
1945
earnings
$4,041,703
1943
$3,721,901
$3.38
$3.11
______
charges and Federal taxes.—V.
162,
p.
$3,754,076
*
$3.14
670,
,
on
and
the
company's
r
>
,
Curtlss-Wright
order
for
"
'
<
Corp.
Curtiss
'
j
,
have
CW-20E
All
,
agreed
to
been
of
the
called
outstanding 5% gold debentures due Feb. 1, 2030, have
redemption on Nov. 30, next, at 106 and interest.
the Irving Trust Co., trustee, One Wall St.,
for
Payment will be made at
New York, N. Y.
\
,
„
$2.10
$1.98
Electric Power & Light Corp.—Calls 5% Debentures—
Order Conceled—
corporation
the
in
V
JUNE 30,
affiliated
owned
and
receivable
note
SHEET,
Electric Auto-Lite Co. (& Subs.)—Earnings—
holders of
to
amount
BALANCE
hand
on
Consolidated
12, last.
This
2,200
$252,446
aff'l'ate), $533,225; fixed assets (after reserves for depreciation
$1,294,755; deferred charges to operations, $267,765;
Realty
9
Oct.
93,200
187,000
of
Lines, Inc.-t-Declares Dividend No. 2—
on
O 28,101
$2,100,226),
stock
31,
(est.)___
(est.)
investments, $78,201;
refund
bonds, $776;
not
was
surtax
$237,289
per
$192,338;
indicated
Dec)
243.462
21,604
158,000
—
income
Earnings
000,000
added to
5,086,693
trucks
219,402
LIABILITIES—Accounts
to $247,000,000 ($24.70 a share) and in March. 1945. to $254,($25.40 a share), which closely corresponded to the equity
by the consolidated balance sheets of General Motors Corp.
1944,
$5,706,102
profit
total,
208,481
379,302,498 361,009,693
—
a
212,723
$5,742,770
i
equipment,
Interest
Federal
owned
15,500,000
7,000,000
which duPont Company's investment in General Motors Corp. common
stock is carried was adjusted on the books of the company in March,
cancel
$2,494J949
of
unemployment
accordance
213,087
automobiles
and
(Including wholly
transport
Per share of common
planes which Eastern had planned to place in service early next
stock
$3.08
$4.99
$4.45
year, according to" a joint announcement by Guy W. Vaughan, Pres¬
*^l!'nou.nt
t° charges made against the reserve for post-war
ident
of
Curtiss-Wright,
and
Capt.
Eddie Rickenbacker,
President
expense lnciuaed m
operating costs above (net 0? tax effect). 3 Jyi 4 i. •and General
Manager of Eastern.
r
:
-
COm,mo.n st<>ck._
J
ASSETS—Cash
$
invest¬
cost thereof
dividends
Surplus at Sept.
$5,493,379
etc.)
4,919,475
Depreciation
1944
365,510,105 335,065,394
53,975,625
57,305,329
Motors
Sup.
purchases,
on
selling expenses, warehouse and distribu¬
costs,
supervision
and
administrative
tion
30
SEPT.
SURPLUS,
Total
Preferred
Plane
146,022
discts.
expenses
30,
-
contingent
Stores
(cash
profit
$717,407;
Common
25,375,297
$5,529,683
—
respectively.
1945
CONSOLIDATED
beginning of year
income
-
July 1, '44
approx¬
Sept.
$
there
94,770
Less: Provisions (net of tax
effect)—
For post-war expense
For
income
Gross
5,699,869
1945
Surplus at
Ended
23,461,585
profit
CONSOLIDATED
at
.___
57,805,329
5,699,869
15,729,977
11,121,976
outstdg...
per share.
STATEMENT
$9,204,190
162,257
surtax
credit
Total
53.975,625
1,899,956
Corp..;
Excess of value placed on 12,358 shrs.
treasury
com.
stk.
given In exch. for assets of De¬
(net)—
taxes
—
*Add
23,752,860
1,899,956 *
ended
*In
Income
17,629,933
stock
cos.
months
'
$28,991,268 $30,868,676
sales..
of
savings
operations
income
period..
imately $581,000
1945
—
Cost
4,101,001
NOTE—Company's equity in profits of controlled
wholly owned exceeded the divs. received from such
nine
"
June 30, *45
Sales
Other
to com. stk.
shares
ment
50,490,387 151.121,848 136,248,603
1,412,967
2,455.043
2,256,754
expenses
accounts
income
Total
for
'
Ended
Merchandising
4,101,001
preferred
on
fender
57,589,097
sales
53,704,328
53,975,625
19,651,859
147,710,454
sales and operating revenues
discounts, returns, and allow-
ances
Cost
out
Bal. appl.
Net
Gross
17,629,933
53 Weeks
52 Weesk
.
■
■
res.
prior years
(b)
have
22,500,459
EARNINGS
eliminat'on
of
amortization of debt discount
would
21,129,672
7,543,700
income,
of inc.
on
provided
held
consolidated
subsidiaries
excess
taxes
Amt.
fa)
taxes which
of
Com.
PRO-FORMA
7,441,002
and other inc.
2,642,000
acquired
but excludes 319 shares of
OF
(net)..
2,700,000
907,000
*500,000 shs.
treasury.
corporation
income
Net oper.
73,011 shs.
stock
of
stock
common
930,000
.....
Reversion
for
100,000 shs.
common
certain
of
SUMMARY
and
par)__
Other
follows:
502,500 shs.
offered
includes
the
($50
par t
25,000'shares
corporation
and
in
stock
shares
on
Authorized
4%
of
meeting of
or about
cumulative preferred
stock not
by the corporation of shares of
to
•
portion)
special
authorized
(b>
purchase
certain
equal
an
*
$25.52
;.■
;_1
NOTE—No
.
r 1942
2,024,700
404,812
railway
••■
083
$348,0)
Income
since
its
CAPITALIZATION—The capitalization of the corporation, after giv¬
ing effect (a) to the exchange by certain preferred stockholders of
S>22.24
_
■'
expects to
the year,
$160,300
14,814
Period End.
products,
sulphur,
fluorspar,
petroleum
products,
pig iron, etc.
In 1940, Union Barge Line Corp. and
scrap,
wholly
_______
STATEMENT OF INCOME NINE MONTHS
ENDED.SEPT.
Asset value per share—-.,.
—'V. 161. p. 2107.
railway—
from
(E.
steel
approximately
•
745,704
way
necting
' '
"
STATEMENT'OF INCOME, NINE MONTH3 ENDING SEPT. 30,
Rivers,
Louis,
r'-'
.
$8,948,920 $14,098,514 $i5,757,465
402,269 V * 561,l4'J
617,545
976,997
518,823
8,599,623
points on the Gulf Intracoastal Water¬
and tributary and connecting waterways south and west of New
Orleans and Plaquemine, La., but not
including the transportation of
purely local traffic originating at
and destined
to points
on
the
Louisiana and Texas-Intracoastal
outstanding
per share.
Asset value
:
■ •
railway
oper.
income..
-
Deprec. & obsolescence.
on
the
Allegheny,
and the Mississippi
also between points on
Shares
Shares.outstanding ($1 par)
com¬
points
:
/f
'
Total invest,
3,254,791
97,432,732
a
1767.
p.
_
449,529
welding
systems,
162,
Sept. 30,'44 June 30.'45 Sept. 30,'45
1942
70,815
634,254
of goods sold, &c.
operating charges
Sell., gen. & adm. exps.
hoisting
date.—V.
Fund—Quarterly Report—
Net. assets
l-M
-Earning!5—
94,334
3,196,300
<
-
♦Deficit.—V.
pumps,
tubular
treatment
and other equipment.
Barge Line Corp., a consolidated
carrier
mon
1 5,454,099
1943
from
Net
com¬
complete
boiler,
heating
and
conditioning, ash handling, automatic
equipment, blowers, boilers, boiler acces¬
electrodes,
Union
6,798,431
$388,015
$
air
control
stair
gears,
and
railway—L
from
ry.
Net
mixer
power
future
a
34,070,412
1944
units,
of
at
The following shows the net assets of the Fund, the number of
outstanding and the asset value per share on Sept. 30, 1S4J,
compared with June 30, 1945, and a year ago:.;.
22,666,586
,
from
Gross
heaters,
works,
condensers,
reduction
31,689,428
18,292,280
1944
$342,371
71,897
48,417
income...
area.
Machinery Division furnishes and installs industrial
plant machinery and equipment largely manufactured by other
towers
1,068,729
•
1945
gravel and
The
and
$6,165,916
4,588,086
1,563,660
From Jan. 1—
produces and
Pittsburgh
*
furnace
1945
,
oper.
Gross
walls.
ready-mixed concrete through the functioning of
barges and towboats, its distribution plants and
panies,
:
.
September—
Net
power
1
Duluth Winnipeg & Pacific
Net
caissons, and
production
Howard Balanced
shares
31 1942-E
:•
4,407,031
Shore & Atlantic Ry.-
railway..—..
income—_
162, p. 1638.
—V.
•„
Engineering Works Division designs and builds inland river and
coastwise
steel
floating equipment, such as barges, towboats, tugs,
dredges, lighters, car floats; a variety of material handling equip¬
ment including stationary and traveling cranes,
floating cranes, gan¬
tries, ore bridges and coal unloaders; and roller
ga(tes and lift gates
for dams, lock gates and caissons.
in
&
-Expenses
4
•
The
Govern¬
:;E
U.
from
water
trucks
1943
$6,304,723
32,896,919
17,652,155
9,511,139
9,253,192
railway......
from
Net
are
Contracting Division designs and builds heavy engineering con¬
projects, such as locks, dams, bridge piers, slopes, shafts,
intakes, submerged shipways, industrial foundations, tunnels,
be
Eaton
-
•
railway™.
oper.
Net
struction
The
opera¬
corporate existence.
separate
The
penumatic
of. the
drilling
From Jan. 1—
Gross
Is
and
,
South
September—
'
Corp.
,
32,405,543
16,965,993
income.
1638.
Duluth
from
Line
1944
1,834,578
railway-
.
p.
ry.
The
the, acquisition
$5,467,519
3,466,501
1,886,298
3,348,226
.
income. „;
oper.
Net
Barge
'
1945
•'
railway
162,
Net
0
the
Preferred stocks
corporation—to build much of the equipment used in the business.:
1932, The Dravo Contracting Co. completed fhe acquisition of a
majority stock ownership in Union Barge Line Corp., incorporated in
Union
completed
$5,309,050
railway
from
the
1928.
T
oper.
By
their
1945,
•
railway-
from
Gross
I
73,232
From Jan. 1—
.
Net
an
of
Income
enterprise
consisted of the sale and installation of power plant and pumping
machinery in the Pittsburgh district.
The Dravo Contracting
Co.
was formed in' 1901 to build the
foundations, pump-houses and intakes
required in the installation of machinery, and in 1902 Keystone Sand
& Supply Co. was organized to
supply the sand and gravel used in
the
contracting business.J . About 1914, The Dravo Contracting Co.
up
Mastea St Co....
Duluth Missabe & Iron. Range Ry.—•Earnings—»
by the executive
HISTORY
vania
consideration
aircraft to
2,000
A. E.
treasury
same
Transfer
careful
and
6,000
Kay, Richards & Co
<
quired company manufactures rock roller bits for oil
tions and other oil-field specialties,—rV. 162, p. 2014.
being
are
after
in
C-43
6,000
6,000
Shares
Security: Engineering Co.,. Inc., of Whlttier, Calif., by the issuance of
one
Dresser share for each l3/*' shares of
Security stock.
The ac-.
all of which are being offered by the corporation
price of $25 per share to employees and officers selected
committee of the corporation. ' '
.
i
agent: Colonial Trust Co., Pittsburgh.
Registrar: Fidelity
the
approved
*
73,232
made
was
policy
S nger, Deane St Scribner.
Stroud & Co., Inc
*
-
Total
l,
decision
3,000;
'
■
Inc.—Completes New Acquisition
Nov.
"The
•
ment's
the disposal of surplus transport planes such as the
Douglas C-47 and C-54, it was stated, ' The almost),
immediate availability of aircraft
satisfactory for short-haul opera¬
tions was an important factor in the decision.
It was indicated that
airlines might be expected to show further interest in more advanced
4
,
on
•
respec-
Curtiss
Shares
Industries,
company
the
share,
per
at
Trust
the
to
from
or
•'
The
being sold by certain stockholders.
are
In
Dresser
and
■
Securities Corp.... 38,232
Geo.
G. Applegaj,e_.—____
1,500
Chaplin & Co
1,500
Glover St MacGregor, Inc..
1,500
Graham, Parsons St Co...
6,000
Grubbs, Scott & Co
1,500
*
underwriters
Moore, Leonard & Lynch..
■■
jMCellon
Immediate payment will be made of the full
redemption price, plus,
accrued dividends to Nov. 30, 1945, upon
presentation and surrender
said
the
severally to be purchased by each underwriter
•
-
cf
shares
follows:
as
Immediate
terest
to
render of
payment
Nov.
30,
of
1945,
the
may
said debentures.—V.
full
be
redemption
received
162, p.
upon
1888.
price,
plus
accrued
presentation
and
in¬
sur¬
:;v. '
b.ir,m:n<rc
v-
:
Eastern Rj —Earnings-
Klein JOiieKK
Elgin Joliet &
>
September—
Gross
fromraf,ajiry—
5774 685
I'JI? 044
2.252,tm
income-
:g;Wea ry. oper.
Sra
364.858
Net ry. Jan. 1—
oper. Income—
From
-
25,133,806
9,586,873
2,229,713
24,353,466
6.692,887
1,464,590
4,-w*
loll.
,»Defictt.r-V.. 162, p.
";
V
'757702
_
25,853,107
6496 741
2 432 985
24849 365
from
Wet
•
508
*2 655
1944
328:079
189490.
$2.01
$0.83
'•>V^
; ;fi
■
m
10 a.m., as the date and time for
Engineers pursuant to Section^xue;
at
,;V of
of i9-o, xor aiv
'^Company Act
II
offices at
Si eompany^s
to the
purpose of making tfcree
common stOckholders of
M stock held.
V ;
that in addit ^
:v;: States common stock for cash, holders o
;;; i: Engineers preferred stock at the rate oi
4$ dividends to the -expiration date of tihe
Engineers
tion
acquiring the Gulf
couid exchange
stock,
common
$100
per
Thus
holders.
V
^h0
®ngine®rlfafp5®d^„-n,,irP
the
v
-
tne opm on o
■v
the
stock in exchange
Fniior
"
rhanep
by EngiGulf States
for Gulf States
of
surrender
^
preferred
lotto
"
'
•
.
-
to shorten the warrant period from three
'
'
..
Tn order to assure that the
interests of the preferred stockholders
will hp reDresented in these proceedings-by counsel, the directors have
pcreed to the payment by the company of up to $5,000 to
thp
ureferred stockholders for costs incurred in the employment of
j't.ngrpnrp R
Condon,1 attorney of New York, who, it is
has bee 1 selected by them for such representation.—V. 162, p. 2014.
,
',,
■,
J'
,'
'
.
%;i:, f-ja »n —Earnings— ' • "
'fl
104«.
- 1q44
1943
1942
v^u'H^The
mnpifc
change-was
third
davs
in
to
■
•
-
understood,
-
>
,
*
Gross
1945
59,861,309 513,067,4b5
.•
_
railway—
from
from
Het
•";;;Net
railway—i'k94'4fifi
oper. income— .1. ■ 829,155
1,524,468
ry;:
-expenses
513,692,187 Sll.jm.jJb
l'585'571
1,585,5/1
..
Net income
1
■'
1— ,Z
railway—
railway
From Jan.
:
"from
Net
v 1 I ;
I
' "
Fabricon Products,
'
'
.
stated.
IllC.—-Expansion—
1
--
>
its
Also, as a part of
construction of a new
"
.
nu'rrhase
fhp
A
expansion program, Fabricon has started
Iin. Philadelphia, Pa., at an approximate
•
,
purchased during 1944, is in the
plant at River Rouge,
second
and laminated plastics
tive panel set
,,
,ifiRU
"
business.—V. 162, p. 1168.
\
' v :
'1 - "
'
Fairbanks Co. (& Subs.)—Earnings—
•iW■'"«**
cant in
1Q45
1944
1943
1942
Est.
%.'-
i
$ 196,655
$255,620
$254,403
q 70s
q 070
9 691
9 414
1,924
1,633
2,812
71.500
tl34,000
tl91.000
tl97,000
^
income taxes.
Fed.
*After
contingencies,—V. 162, p. 455.
includes
taxes (net)
,
•
ifi/te
Montn
1944
11,737
13,934
8,164
14*067
111,958
211,408
105, 9
,173,»3o
$10 381
$12974
$195 579
$213 506
01
Maintenance
Taxes
—
1a
111
'
revenues
oner
■
Interest
v
162
$15 068
$223 835
$224,348
6,333
76,000
« 76,000
70
2,304
2,347
$8,665
$145,531
119,125
$146,001
105,889
■
p.
1639.
;
If^
..
business
paid
.
for
..
PhiioJolnliJo
r_
"
,.
,
,
..
_
the first 9
months
of
®0-31
$0.43
1945
" ;
*1
£
.
,
.
McNally as
_
_
,
^
-
,. _.
7n nnn
shnrpc nf 41/0%
.
,
eumulstive ronvprtihle nre-
Redeemable
.
60
,
ner
at
share
anv time upon not less
if redeemed on or before
$55.50 per snaie u
amounted to
euwmww*
than 30 days' notice, at
Nov. 1, 1950; at $55 per
hefore
Nov
1
1951-
at
VanAlstyne'Noel&Co-~ 3'0°?
etc., $259,479; dividend payable, $100,000; wages.
salaries, etc., accrued, $582,943; interest accrued, $63,370; general
taxes accrued, $123,516; other accrued liabilities, $77,407; provision
credit balances,
~cc
Stock Offered—
29 Of the offer-
^°0°0
LIABILITIES—Notes payable to banks (VT-Loan), $9,000,000; term
loan current portion amounts withheld from employees, customerSf
due Aug. 1 1946 $400,000; trade accounts
payable, $2,131,705;
.
Gar Wood Industries, InC—Preferred
2,000
McDonald & Co
4,000
Wm'c Roniy'i"C^ZZVM 2 000
refund of Federal excess profits taxes, $653,327; prepaid expenses
and deferred charges, $314,554; other assets, $74,091; property, plant
and
(net>. $3,617,412; special tools, dies, etc., in process
0f amortization, $63,485; intangible assets, $81,576; total, $29,188,682^
months ended Sept. 30, 1944.-
Mention Was made in our issue Of Oct.
...
Co., Philadelphia—
MutuaF Xife Insurance
Reports Record Gains—
New
$0.25
^ °* 7?'0"0
V2 fX +
vf r
ferred stock (par $50) on Oct. 26 by a syndicate headed
by Lehman Brothers, Emanuel & Co., and Blair & Co.,
tnr»
Thp^^ offering Drice was $53 Der share and dividend.
.inc. . ine Oliermg price Wdb ■ per sadlcauuuiv UC1
Further details follow.
1
1.4.
r'j
Fidelity
$652,353
1,133,822
15
_
'
'
'
'(*-
'
for the past
-
Dividends declared
$519,078
1,133^822
Th£-company announces the appointment of Eiiward J.
Lester & Co
2,000
2,000
Johnston, Lemon & Co.... 3,00Q
PRO FORMA CONSOLIDATED BALANCE SHEET AS OP JULY 31, 1945
ASSETS—Cash in banks and on hand, 86,410,888; U. S. Government
jsecurities, at cost (including tax notes), $2,010,566; customers' aecounts receivable, $4,107,244; claims on terminated war production
contracts, $100,523; miscellaneous accounts receivable, $43,689; reserve
for doubtful accounts, Dr$436,042; inventories, $12,147,369; post-war
nirprtor Armointed
A
4,000
gSrtyenf°C0-
—
.^^.UlWClOr Appoiniea
,
10,000
Hornblower & Weeks
Allen & Co
:f lo',842 ' gtojor. He hasJeenib2, p.Director of the Dixie Cup Company
Art b/i.
pears,
v.
28,256
$5,956
—
share for the three
71a
6,333
62
res^rv~e""a£cTu~a7s
charges "_
income
Net
in^
cm
$12 352
■Rdinnpe
Retire
2%lt
$ 1$0
Nontope? incomenuet)
v
51,21/,? (
Carlton M. Higbie Corp...
10,000
Blair & Co.. Inc
" For the three months ended Sept. 30, net income was $139,808, after
taxes and charges, equal after preferred dividends to 4 cents a share
Qn tbe COmmon shares.
This compares with $188,759 and 11 cents a
12 mos3,■ 11
_
s
$532,923
Earned per share...,
10 n/Tne
11345
$i,269,481
$90,484
10,000
Emanuel & Co
1,376,000
r—
?
:
Shares
Lehman Brothers.
lurr&&cJ3,000
1,231^467
Net profit
1 qa.x
la**
1 qaa
$95,238
—
Operation Wr—.———
Net
—•
'
#
-i/rnnfv.
1945
*
o
revenues
severally agreed to purchase are as follows:
Name—
Shares
Name—
1943
1,612,000
1,470,772
—
.
Co.—Earnings—:
Fall River Gas Works
UNDERWRITERS—The names of the principal underwriters and
.the respective number of shares of preferred stock which each has
W'003'695 $2'm,°78 $2'028'353
Number of common shares
Period End; Septra
Operating
unable to state with any degree of accuracy the extent to which
products manufactured for war purposes may be available for peace.time uses. However, the company believes that there is not such
an appreciable surplus of the kind of products manufactured and
distnbuted by it and its subsidiaries as substantially to diminish
post-war demand for their products.
,
A. c Allyn & Co. Inc..... 4,000
1944
1945
9 M0nths Ended Sept. 30-
^
v?■
t0 peacetime operations. Except through the acquisition of Buckeye Traction Ditcher Co. and the construction of the company's
new piant at Mattoon, 111., the company has not increased its prewar production capacity to any appreciable degree.
Company is
1
$50,801
charging manufacturing, selling, administrative expenses and
for bad debts,
tlncludes excess profits tax, and in 1942
provision
POST-WAR BUSINESS—Company and its subsidiaries intend to
CQntinue in ^ general fcype Q{ business. At the present time the
company and subsidiaries are undergoing a transition from wartime
^(Robert) Gair Co., Inc. (& Subs.)—Earnings-
-
$56,562
$55,207
$52,784
income
Net
,
pio
$132,734
1,274
uperaiing
construction of experimental models of new devices for the armed
services, the' aggregate dollar volume of which is relatively small.
ajj
tbgSe war contracts have been terminated.
.,
LIABILITIES—Payable on own capital stock repurchased, $34,613;
expenses and miscellaneous taxes, $21,176; unredeemed' scrip
and unclaimed dividends, $2,750; capital stock (par $2), $1,107,026;
capital surplus, $11,271,344; earned surplus, $809,797; unrealized net
appreciation of investments, $4,208,824; total, $17,455,530.—V. 162,
p. 878.
.
...
'
..
,
accrued
*3
.
'
PURPOSS-Of the estimated net proceeds ,83.506.265, approximate,y;
shallQW draft tugbIJoats
.
.
•
Unfilled war orders on hand on July 31, 1945, were approximately
$18 400 000
with the exception of development contracts for the
BALANCE SHEET, SEPT. 30, 1945
plant
completion stages of
^167.234
ASSETS—Investments, at market quotatios (cost, on basis of speJfic certificates purchased, $12,807,301), 817,016.125; cash on deposit
under custodian agreement,
$344,140; dividends receivable, $34,138;
receivable on subscriptions to capital stock, $58,377; cash on deposit
for 5crip redemption end unclaimed dividends, $2,750; total, $17,455,530.
.
occupation in early _1946.
cost of $500,000 for
'
7,8(8
$17o,566
KLi11 i1n94?q4C|eindd sdi4r? H41
o net
Uncludes $109 332 in 194S and S147.84i to lb44 chaiged vO net
profit on sales of investments during the period.
§No allowance made for Federal income taxes on income taxes on
income and profits' or on unrealized appreciation as company intends to qualify as a regulated investment company and distribute
substantially all suclv income and realized profits so as to relieve it
from all or substantially all such taxes.
.
.
,
,
-
with main plant at River Rouge, Mich., on Oct.
of all the fixed assets and inventories
corDoration
Thi<j
n«niinMrf
was
4
..V_
<.«i7ev«;fifi
"-Before deducting net loss on sales of investments charged directly
to defjcit. tBefore net nrofit on sales of investments of $845,637 in
98,5 /,
35,4 8,
29
of
TvrmnnH Mills PaDer Co locatad at Saugerties, N. Y. The sulphite
oaner
production of this* mill will be increased to a point where it
will
take care of approximately 25%
of Fabricon's requirements, it
■
•
v'
15,238,533
11,8^*
Neir riyro0l)er'ooin4COme_"
—V. 162, p.
ts1fi7 9o4
+?243.901
+4 4 5
Dividends
qq wi
«»or
,10
109,197,682 4i9'535,546 118,104,38b
,-26;098,568 38,045,313 46,229,214
from
Gross
K''54
5 ,3
5,lo6
on,
.
,
.
.
1943
fn'VA
0-.822
;;voc;
550.000
$796,657
combined manufacturing capacity to war production. The products
manufactured consisted primarily of the company's standard peacetime products, with improvements and adaptations for war purposes
^bjcb did not require major changes in the character of the company's operations. The products differing widely from those regularly
manufactured included gun carriages, mine exploders and balloon
barrage winches.
These latter products for the most part were
manufactured with separate facilities leased from others and with
relatively small investment of permanent capital by the company.
The company's Boat Division produced with its own facilities boats
the armed services such as radio-controlled target boats, picket
boats for harbor patrol purposes, small personnel-carrying craft and
eooo7Q«
------- — --■
550.000
$656,732
on under that name by Garfield A. Wood individually who, from
September, 1913 to date of incorporation, was engaged in the manufacture and sale of hydraulic hoists and steel dump bodies for motor
trucks. The name of the company was changed to Gar Wood Industries, Inc., on Feb. 8, 1934. Company has two active subsidiaries,
gt paul Hydraulic Hoist Co., which is wholly owned, and Buckeye
Traction Ditcher Co., 92% of whose capital stock was recently acquired.
r The peacetime business done prior to J.941 consisted of the manufacture, sale and distribution of a diversified line of products.
During the period 1941-1945 company devoted almost 100% of its
. *
30
-.q44
lq4=
Provlsions for Federai income taxes
2 476 419
and. prete
9 MONTH3 ENDED SEPT.
*ncome
$11 874 336
*13 692 187
'
..
.
*
September—
'
INCOME STATEMENT
,
ls'ric
V
mveated19
____y_
stock now offered.
g
security profits of S34o,687 were realized. 'Assets weiei
in common stocks, 6.4 ,e in appreciation type bonds
stocks, and 2.2% in cash.
reimburse
■
$1,094,477
3,504,700
HISTORY AND BUSINESS—Company was incorporated in Michigan
on Jan. 28, 1922, under the name Wood Hydraulic Hoist & Body
q0 ( for a period of 30 years. It succeeded to the business carried
Reeistrar—
g
p.
8466,188
3,547,785
effected an
bank loan
will be repaid out of the proceeds from the sale of the preferred
cents per
The City Bank Farmers Trust Co., New York N Y., has .been
appointed transfer agent and registrar for 9,424 shares class A
common stock $1 par value per share.
. •
Fnnd-imental Investors Inc.
Quarterly ReDOrt—
®
^
: d
°n Sept- 30- 1945, pet assets at market weie
with $12,420,423 on Dec. 31, 1944. ^"^j^^ ^PPr^ciation in
folio securities rose from $1,361,266 to ^4,208,824 and, hi addition,
as shall be acceptable
lTv«ti«!prU of the shares of Gttlf States common stock shall have
niirpha«spd under the warrants, and to provide that part I of the
«hnii
bp
deemed to be effective upon the mailing of the war<such lower percentage
2,507,300
inventory requirements. On Oct. 11. 1945, the company
interim bank loan in the amount of $3,300,000. This
Dividend on Common Stock
Tran«?fpr Aspnt &
Rnilrlinp* flnrti
rUller BU tt g C
condition
the plan the
eliminate from
to
was
(or
90%
of
112,778.
funds of the company and funds borrowed from banks from time
to time on short-term loans, will be used to finance sales and for
,
c
share on the common stock, par $1, payable Dec. 1 to holders of
record Nov. 20.
Distributions of 40 cents per share were made in
preceding quarters.
•
The usual quarterly dividend of $1.12 f/2 per share on the 4 k >c
convertible preferred stock has also been declared, payable Dec. 1. to
holders of record Nov, 20.—V. 162, p. 1889.
will be realized
taxable gain
_
,
declared a quarterly, dividend of 50
directors have
his warrants permit, or an
the
requisite "rights" in
stock in exchange for his
_
^^wff^mf^Fnginecrs
rTctrinl
V
Increases Quarterly Casn
owng
Gulf States common
Q
'
men wrm» #s uuSm uc«
k_
Ktock
Engineers-preier
'In
would leave a balance of 303,062 shares of common stock
authorized to be available for issue and disposition in the future upon
sucb terms as might be deemed advisable by the board of directors.
of
k for
^
This
excess
aiso
one
H)
/
the
excess
any
when
sjoc
2^tt'JSI£S£in Sk T the effi
Gulf States common siocn
i
is-
in
amoUnt
0f
States
to
» ana wx»«« »_ j
dividends
determined to be
an Engineers
common
,f
t
finally
is
amouni
*
f
version
accrued
warila
reW^ing^the rl^ l° diec®ny'
g .
preferred stock so
share plus accrued
of
shares
chares
tsq
wgm
2,212,264
$2,200,000 will be used in payment of the purchase price of approxi- *
mately 92% of the outstanding capital »ock of Buckeye Traction
Ditcher Co. in accordance with a purchase agreement dated as of
Aug. 27, 1945. Of the remaining $1,306,265, it is presently intended
that: approximately $200,000. will be used for the purchase of
machinery now under lease from the U. S Government; approximately $500,000 will, be used to replace working capital heretofore
expended in the construction of the company s new plant at Mattoon,
111.; and the balance, estimated at $606,265, together with other
common
commoVLck
share of
therefor bv
97,172
.
^™|a™ual dividend requirements on the preferred stock will amount
provide 428,693 shares to be
stock on the basis of a common share
without payment of any considerath^ stockholder In addition, 169,776 additional
of common stock would be required to be reserved for conof 4*4% convertible preferred stock as a result of the issue
share, of common stock for each share of common stock outholders of
to
411,100
&
Balance surplus
wiA'Se°alSiePa^iKd
bI™e7sK
2,206,941
$877,288 $3,601,777 $4,754,517 $4,851,357
contin,. reserve
JShor5
wWbe^
issued
.
profits taxes
Prov. to post-war
2,096,977
139,873
38,341
~
»"
^
«««"
1,895,820
Ngt profit
Prov. for income & exc.
;
15.
stockholders, of record date Nov.
special meeting of common
A
oi uior Sen
to
aHdition
(n
.
..
change provided
first
The
Er^ineers e
of Sli.M Per siha". oiv
stock for each share of
acquire, at the rate
Utilities Co,
common
to
Sell.-& gen. expenses._
other deductions (net)
2,350,086
100% stock Distribution—
the
on
%» ,VrM«f?A th.'8J85ttV>"b!
changes in the warrants to
filed for the
issued
begin
t0
Commission's divestment orders
involving the
pending case
[8
ment
-9,,3
Rfi7:
and Make
To Increase Stock
—
——Year End. Oct. 31
9 Mos. End.
7.673.86,
3,3(8,494
2.332,337
2,251,244
SUMMARY 0P EARNINGS
Ncesa.eaa,,™-^31-'45
^
Fruehauf Trailer Co.
XTVbSSK* 828
but was posiponeu o
l',755',539
per.
-V. 162, p. 1512.
matters,
18th and
^
Ttfcome—
ry°
Net
plan
StS?
W
12.396,217 l2,584,896 11.237.843
3,696,659
5,179,568
5,o82,D48
.
(Including subsidiaries, other than Buckeye Traction Ditcher Co.)
»S
From Jan. 1—
Gross from railway—v
railway
Holding
Publlc utility
Commission-s
:»IWWpW». Fa.
13, 1945,
Nov.
for
x-irtii-
Exchange^PtSSSnSt hearfngfon 'the
Securities and
The
.
Hearing on Plan
,w,
Manhattan Co.
oKW...
Noted—
ChanCeS
90
Nmr
r
,
Public Semce CO. (inc.)—wearing oil
Engineers
)
$
J lHOV, 4U—Lmdngeb
In addition, the company has outstanding $3,300,000 of six months*
notes
tQ banks which are pr0poSed to be repaid out
proceeds of the sale 0* the preferred stock now offered.
The Buckeye Traction Ditcher Co.. a subsidiary, has outstanding
$2,000,000 2V»% promissory notes dated July 23, 1945, maturing
serially in equal amounts on Aug. 1, 1946, and on Aug. 1 of each
year thereafter until Aug. 1, 1950, and payable to Bank of the
1942
iq4->
....
.
9
70,000 shs.
1,000,000 shs.;
.
x
,
,
70,000 shs.
# 1,500,000 shs,.
:*,1ncludiiig 280,000 shares reserved lor Issuttijcokupoii conversion of
City Ry.—Earnings—
Fort Worth & Denver
—afon.-V.
i
8,356.975 10,5(.,193
3,804, io2 4,886,035
,
financing'
: outst.ad,nK
$9,000,000
Authored
$9,000,000
the preferred stock at the initial conversion price.
6[l0di078
»toek.-V. 162, p. 20X4.
SI6.4V3,3|| »20,0|T.|64
outstanding.
shares
13287:442
10 572 199
8 356975
14360615
.
profitst^i^-'-—-------
Common
793863
793,863
69o.916
.
»VT" Loan
4*£% cum. conv. pfd. stock (par $50)
Common stock (par $1)._
1
Florida Power Corp.—Registrar Appointed
The Cofonial Trust Co has been appointed registrar for the common
-----
If'Net
~
4„s
Net from "Hway- Net ry. oper. Income. __
_V. 162, p. 2014.
.
l". Elliott Co.—Earnings—
)
5J2 n?J
194.140 , 339.024
Monday, November 5, 194S ••
capitalization giving effect to present
\TJde_
1943
^
$1,874,234 42'03-,031 $2,312,085 $1,8
September—
Gross from railway.—
Net from railway..——
:
c
"
•
Florida East Coast Ry19-15
-Earn.ngs»M
•
1942
$2,963,558
1,251,677
lg43
.--g«38
?
l—~
From Jan.
-
■
oper.
ry.
1944
19'*5
$2,067,966
-
railway
from
Gross
%m.
Wet
FINANCIAL CHRONICLE
COMMERCIAL &
THE
«
for Federal income and excess profits taxes and renegotiation (est.).
SI,778,379; notes payable to bank, $1,600,000; post-war and con^
tingency reserve, $1,718,836; minority stockholders' interest in capital
stock and surplus of the Buckeye Traction Ditcher Co., $203,083; equity
°' ®ar Wood Industries, Inc., in net assets of the Buckeye Traction
Ditcher Co. in excess of cost of investment therein, $232,307; 4*/2%
cumulative convertible preferred stock (par $501, 33,500,000; common
stock (par SI), $1,000,000; capital surplus, $1,608,420; earned surplus,
$4,809,237; total, $29,188,682.—V. 162, p. 2015.
•
?
.
GMdner-Denver C«^Earntogs-
m
#
v
n
tfifii
106, p. 1863.
of 19.7%.-rV.
-
?,
..
'I-
,
or before Nov.
plus dividends
.
;
+be
Fifth Street
fpred—Public
Mn^oll
11
($10
<W
Store, Los Angeles—Preferred Stock ofoffering was made Oct. 25 by MaxJtr
rn
and T peter Xr
^lwmlative
cumulative
Cn
Drefewed
of fift 7^ft chart**
Stock at
$10
Der
5 io
preierrea StOCK at 5>1U per
The offering does not represent new financing
par)
share.
on
\
■
the part
of the company.—V. 162, p. 353.
'
10th
dav
1. 1954
and at $53 per snare it redeemed tnereatter,
in each case.
Convertible, at any time on or before
to redemption into common stock at $12.50 per
orior
if converted on or before Oct., 31. 1955 and $17.50 per share
thereafter, taking each share Of. the preferred-stock at the par value
thereof, subject to adjustment in certain events,
e; •;
v.
.Share
•
2
3134 283
'
Net profit for com. stk,
Net profit per com. shr.
»On 563,286 shares.
$271 076
23.806
,
23*806
$160^477
$247;271
.
$0._8
'
$0.44
$661647
«7ai «•>,
7141? '*-71417
*
71,417
$580,130
$1.03
$712,417
•
$1.26
Transfer agent,_ Chase National Bank.. New York; registrar, Commercial National Bank &. Trust Co., New Yoik.
H. g. Myers, President, states; Net 'sales for the first nine months
of 1945 were 25% lower and net profits were 17% lower than in 1944
LISTING—Application has been made to list the preferred stock
on the New York Stock Exchange.
cancellations of war orders amounting to approximately $1,300,000
As a result of the end of the war with Japan, we have received
'
,
vV
J'.:
•'■■■V,
/
Volume 162
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4435
2147
:-#s
tout
...
we
of
are
the
material effect
work
no
.
opinion
the
on
had
been
that
financial
performed
of
condition
on
the
not
company.
substantial
a
will
cancellations
these
the
of
part
have a ■>-; Of complex war products than
that reconversion, problems were
Little or
orders
'$?* A 100% change-over
'
cancelled, since deliveries
required until 1946 ;The inventories :Vi. of
not
were
the 32
'
jheld
for
other
cancelled
i orders.
Our backlog
i level.
•'-'
will
orders
war
used
be
commercial
umnieo
ui
fill
to
oluers
dise
commercial
at
remains
high
a
weeks.
-
—V.
.
received
162, p. 671.
from
the
Price Adjustment Board
Navy
General Baking
;
production
"T
-V;
-t
taxes
83,504,17383,252,748
2,243,452
2,049,500
teet.'j..
$3,143,000
1,902,174
profit
:
shares
$1,320,721
_
share.
so.51
....
*
10,640
5,859
$283,461
$238,596
42,326
32,760
9,814
$219,468
$188,118
$142,297
220,084
.-195,750
140,482
f
..
:
6,549
income
1943
$179,124
2,482
.1942
$135,513
$181,607
51,710
bonds
on
k
;
4.944
1945
$266,962
dividends
Interest
1944
$226,117
7 536
12,283
Income,
Other
v
-
_
Federal
taxes
normal
.
<325
-
surtax
Adj.- Red. taxes pri.
,
Crl,661
yr.
income
Dividends
.
.
NOTE—Net income
unrealized,-on securities.
or
842.59;
'
above
as
Dec. 31,
"STATEMENT
OF
•
'
*
•
t
—:r-
and
-
stock
-dividends
1
eludes
,
in
194320
of
and
AS OP
total,
from
cost
at
company
..
capital
for
value
tax
gains
$1
'
■
'
assets
State
(other
than
!
Federal
$22,717;
total liabil¬
279,807-shares of stock, par
(represented by
share), $11,916,577.—V.
per
taxes
162,
offered
was
Transfer
residents of
to
Security-First
Agent,
BUSINESS—Company,
Bank
of
Los
The
used
for
duel
•cil
War
II
developed
controls
of
As
orders
,
The
end
of
July,
the
1945,
with
.
for
of
the
orders
'
-claims
in
its
excess
the
of
As
of
V.
backlog
company's
of
unfilled
business
this
time
was
:tnore
than
business
3%
of
REGULATION
■are
provided
from
the
"T"
for
firms
two
total
each
which
and
had
17'/;
commercial
"T"
Regulation
which
aggregated
LOAN—Company's
under
of
;rate
.lee
Loan
and
the
24,903
in
147,197
274.834
for
Federal
income
aMcl
and
an
*
+491,144
excess
profits
'129,956
taxes.
AS
OF
SEPT.
1,"
stock
Preferred
—V.
p.
160,
\
(par
1631.
,
^
Outstanding
100,000 shs.
49.435 shs.
80,000 shs.
(par $10)
stock
27,219 shs.
$25)
r,..
,
*
•.
#
General Electric Co.—Plants Reconverted—To
The
for
goal of
more
.
1
V j
.
*
company
accompanying their third quarter dividend. -. V-"'•
more jobs, the announcement ^said, pointthat General Electric probably made more different varieties
Full production will mean
Ing
out
declared
25
to
1
initial
an
3%%
the
on
quarterly
;
I
■>
:
>.
t
cost
and
tho
than
more
profit,
lower
price
ceilings
are
»
established,
by the
the
renew
agreement
for
-
agree-
...
further
a
-
It is estimated that
such
addition
approximately
Profit Before
-Income Ttaxes
$691,535
1.044,835
i
,
PREDECESSORS)
'Including
for Taxes
Income/;
*$124,049
12,886
2,119,844
$654
184,063
447,214
3,470,312
119,504
123,386
176,000
TO
'
how
147,812
v.>
330,127-
(par $1)
shares
12,232
36,251
327,710
'
453,513
233,372
2,181,069
135,591
Net
Income 4|
on
*$124,049
4,191,239
offered.
62,372
PRESENT FINANCING
Authorized
Outstanding
500,000 shs.
*300,000 shs.
-.
certain buildings and
machinery and
approximately $65,000 for exer¬
of the timber
options.
The balance
of such
net proceeds
added to the
will
working capital and will be used to
finance operations
and .inventories
and
at
equipment at the Florence
plant; and
cise
be
of
a
162,
accounts
the
various
products
Herrick,
Inc.
J.
—
Berwyn
■
T.
manufacture
•'
-
are
Moore
33,897
Co.,
and
•
<
the
follows:
as
Shares
Co,,
&
.
■:'I3',550;^-'
O. H.
Wibbing & Co..
Smart & Wagner......
20,338
1j,oo9
Co
1639.
p.
the
underwriters
Shares
'
&
Bradford &
162,
to
developing.
purchase
Inc— 33,897
OZJ'i
-•
—
Waddell
is
of the several
has agreed to
names
_______
C.
—V.
corporation
shares which each
F. S. Yantis &
Co.,
vv.j
w.
W-. .T. t
L, Lyons & Co..^
•
receivable incident
the
UNDERWRITERS—The
13,559
6,782
,
General Precision Equipment
Corp. (& Subs.)—Earns.
Quarter ended Sept. 30—
.
Net .sales
Net after
—-
Net
1945
1998.
$5,967,609
863,533
686,774
468.763
:
excess
profits taxes..
507,692
—'——i/'
:
4355,841
$218,011
600,982
586,087
$0.59
shares
$0.37
share
per
>*'•
.1944
$5,322,923
,
profit
Number, of capital
"Includes
;
-
expenses
"Federal income and
provisions
for
,
renegotiation
/
and
contingencies—V.
161,
,
General Shoe Corp.—Calls
convertible
holders
record
of
Nov.
For
9.
The
of
company has called for
outstanding 15-year 3%
its
Stock
made
at
N.
the
Guaranty
Y.—V.
161,
Trust
2556.
p.
General Telephone
on
Corp.
Louisville,
Louisville,
Co.,
the
Registrar:
Ky.
Ky;
liabilities
of
latter
the
the
Indiana
of
issuance
corporation.
of
Veneer
Panel
&
164,400
Indiana Veneer &
Panel Co.
liabilities
the
of
Co.
of
acquired
its
(Ky.), which is now in
wholly
by change of name in
manufacture
the
of the assets
subsidiary,
all
The
States
Navy.
Crescent
6,226,579
9,736,429
1,778.572
1,737,631
2,360,401
1,187,014
1,121.954
(net)—
1,598,169
3,331,632
2,851,464
3,807,272
270,500
613,859
573,822
operating income
deducts., less other income
$3,312,700
$3,205,912
91,129
$4,390,013
earnings
$3,197,640
1,746,479
$3,114,733
$4,226,745
2,37637
$1,451,161
$1,326,030
328,125
$1,850,358
$997,905
637,070
$1,414,545
639,066
$1.57
$2.21
"Other
7,287,253
excess
profits
tax
charge
Net
-
Miscell.
Net
Total
Net
corporation
until
neglible
a
all of the
1
income
on
preferred stock
balance
Income
the Louisville
effected, and
acquired
115,060
interest & other deductions..
163,268
1,788,753
326,438
—$1,124,723
639,732
Average common stock outstanding
Earnings per share—
i
.
435,813
$1.76
.......
"Equivalent to reduction in Federal and state taxes
resulting from
refunding of bonds credited to unamortized debt discount and
expanse.
—v. 162. p. 761.
5«.
?•■}*
1942.
Georgia & Florida RR.-
plant.
(Including Statesboro Northern Ry.)
program
Period End. Sept. 30—
Ry.
oper,
Ry.
1945—Month—1944
$178,176
$1,613,346
$1,816,755
144,070
165,186
1,507,057
4,951
4,722
1,413,040
44,559
2,783
3,339
26,962
28,761
tax accru. (regu.).
Ry. tax accru. Fed. RR.
Taxing Act 1937...-;
Ry. tax accru. Fed. RR.
Ry.
Ins.
Unemploy.
1938
1945—9 Mos.—1944
$151,518
revenue
expenses—/.
oper.
of
the
*
engaged
.
of-1943
/'■"
surtaxes
income
Crescent
The
period
November
^
Earnings^—
expenses
taxes
normal
Dividends
was
m
owned
of dissolution.
The
1903, and acquired all
1919.
change in the management
Payment
Broadway,
&
Federal
process
corporation has been principally
sale of hardwood plywood.
and
140
oper.
its
thereupon
was
salaries and other
General
Federal
Indiana Veneer & Panel Co. to its stockholders in ex¬
their stock in that corporation.
Previous thereto, but on
all
interest.
1945—9 Mos.—1944
12 Mos.'45
$23,730,426 $22,080,719 $31,246,049
3,411,238
3,164,725
4,547,208
3,151,517
3,164,595
4,232,735
revenues
Depreciation and amortization.
Traffic, commercial, general office
Co.
of
shares
stock
Such
and
trustee,
& •
v
(& Subs.)
Period End. Sept. 30—
Operating
Trust
Co.,
Offered—A
BUSINESS—Corporation was incorporated in Ken¬
1945.
On Aug. 31, 1945, it acquired all of the assets
of
York,
Maintenance
Kentucky
Co.,
be
Oct, 29
stock (par $1) at $5
common
$200,000 Debentures—
redemption on Dec. 1, next, $200,000
sinking fund debentures due Dec. 1,
1959, for account of the sinking fund, at 102
Va
will
42,498
Act
i
2,569
3,082
24,888
26,651
*$2,854
$1,846
$103,898
$211,788
6,320
7,595
77,268
.79,917
1,929
2,004
17,962
18,424
*$11,103
1,626
*$7,753
$8,666
$113,447
1,681
11,024
10,094
*$6,071
buildings,
operating income
Equip, rents (net Dr)_.
Ry.
Jt.
facil. rents
(net Dr)
....
income.
Non-operating income..
Net ry. oper.
Gross
income
*$9,477
-!U.
368
$19,690
1,876
$123,541
251
*$9,734
——
*$6,439
$17,814
$119,513 '^T'
'
Deductions irom inc
»
-
4,028
H*>
-
thirds of
v
*
the
voting stock of Veneer Products, Inc., a Florida cor¬
poration with its principal place of business at Tarboro, N. C., which
is engaged in the production of hardwood veneer. If these
negotiations
X,
-
are-concluded as presently
*
anticipated, the
cost
of such
stcok
to
the
Surplus applic. to int.
:
i
i-
1
'-r
•
/irl■;
;-zr
'
ri
'.■■ifI'."l
•-/•"
;/
"
■■■
"
r.
'•
■
-/n
-f'r J
"-:tA
'<•
'
•V--'.
NOTE—The
decrease
compared with the
iff freight
^
revenue
month last
same
?
{
year
for
was
•
•
'
^♦Deficit, r';'?;'-•*V-'"-Y
,;
;
nor
v
PURPOSE—The net proceeds (est.
$549,365) will be used for tho
following purposes: approximately
$130,000 for the acquisition of
the
whiskey barrel production
facilities; approximately $50,000 for' the
construction and acquisition of
dividend of
preferred
cumulative
Corp.—Common
i
>
agreement
two
*
Net Sales
Common stock
integrated unit/< V- 7- ;/■/,In October of 1944 the corporation
purchased the buildings, ma¬
chinery, equipment and inventory, as well as certain standing timber,
of the plywood plant of The H. & G,
plywood Co. located at Florence,
S.; C.; foriapproximately $78,000.'
The corporation is
presently negotiating for the acquisition of. two*
Statement
'
two-thirds
annum,
the
than
the
•
.
Expand
in the reconversion era is f'more goods
people at less cost," the stockholders were told recently In a
this
as
(unless
CAPITALIZATION GIVING EFFECT
machinery,
equipment
and
inventory, as well as certain standing
timber, of the plywood plant of the J. E. Howell Lumber Co. at
Cuthbert, Ga„ for approximately $100,000. This plant was completely
equipped for the production of plywood from logs, which for the first
time
put
the corporation in
the position
of having
a
completely
1945
Authorized
Common
-\v
In
in
.
CAPITALIZATION
Oct.
on
to
day,
1940 a
United
•
$201,082
less
■
"Deficit.
for the expansion and
modernization of the corporation's manufac¬
turing facilities was initiated.
During 1942 the corporation converted the .warehouse building at
the New Albany, plant into a manufacturing unit for war
production,
and commenced the productidn
flaps for Consolidated Vultee Aircraft
Corp.
'
*
•
.
/ •
"
During the latter part of 1943 and the early part of 1944 the
corporation
developed and produced small target gliders for the
199.366
renegotiation of $267,743 in 1943,
estimated amount of $102,653 in 1945.
the
In
170.080
provisions for
taxes
will
1945 (6 mos.)_
p.
location,, the production of that plant was
However, production of plywood was continued at
75,677
*602,816
is in
1943.....
for war-time production.—
Es
that
137,830
+753,419
produc-
mater.als.
agreement
distiller may
1
1942__L__:t~
from
1930 to
1937
manufacturing operations
were
conducted
in
two
plants
owned
by
the
corporation,
located
respectively in New Albany, Ind., and Louisville, Ky.
During
1937
the
principal
manufacturing
building of
the New
Albany plant was destroyed by fire, and although the corporation
thereafter performed certa'n sawmill and kiln drying operations at
99,276
149,677
the
-
provides that deliveries of
remainder of 1945 and
1946; that
will yield the
corporation a 10%
the
1944.
pro¬
received
organization in 1903,
During
80465
3,433,392
'-Before, provision
Army-Navy
five
consideration
Panel
Co.
Since
20,450
104.467
1,678,272
* After
1944
314.687
.
holds
all
assumed
Panel
35,887
1.658,386
1945 (7 mos.)
in
,
"
the
consumers,
other
corporat'on
year.
equipment
1941
/
Veneer & Panel Co. was organized in
the outstanding capital stock of Crescent Panel Co.
Manufacturing Co. was organized in 1996, and became
$21,617
3,943,310
5,624,692
high,
of
939.305
-
be
construction
ending Sept. 21.—V.
Indiana
Net Profit
•
The
per
under
not
by
for
same
maximum
46,571
to
the
Years
AND
in
delivered
change
the
and
5 Profit
sold
is to be such
19401._i_:
oil-
24.
agent:
stock
Crescent
$23,214
such
be
AND EARNINGS (CORPORATION
AND
conversion oil
will
all-time
an
quarter
one
-
-
Trust
(Indiana)
needs
612.848
-
the
135,591 shares of
common
credit
337,534
i
19,
January,
and
under
-now
to
must
purchased.
and
division.
Plywood
assumed
According
$224,'/a 6
2938
plant
and
by
in
achievement, .soon
distiller
that
number of
share.
and
for
Net Sales
1939.
April,
plywood
.
various
$130,000, and that production
Will commence about
the first of the year.
."'
Other fully fabricated
plywood products, the manufacture
Of which
is now under
i
consider**'on, include special furniture such as
radio cabinets, doors
tables, V
and office partitions.
It is
anticipated that tho *;
sale of fabricated
articles will play an
increasingly important part
in the total
output of the corporation.
'
/
SALES
see
tucky Aug. 27,
FOR CALENDAR YEARS
_
.
Mills, Inc.—Initial Preferred Dividend—
HISTORY
the net proceeds
(approximately $294,000), company
allocate approximately $x00,000 to capital expenditures
for
machinery and equipment as may be needed.
The remainder
■of
the proceeds will be added to the working capital
and used for
Its general corporate purposes.
.1937
in
made
ffom
whiskey barrels
sold
other
preparing for
made
in
the - corporation has
agreed with one large
will .install plant faclitles
sufficient for the
that 'It
income
Corporation
,
$100, payable Dec.
V. 162, p. 1512.
par
Louisville
to
SUMMARY OF EARNINGS
be
month
plywood
process of letting contracts for
the construction
of an addition to
one-of the buildings at its
New Albany
plant for the :
production of these
barrels, and the necessary equipment has
"to a
large extent already been
models
of
'
■**-■
may.
period of
a
'"7:
market
manufacturers 'and
and is presently
art cles
be
event
and
men;
.
Oct. 25 for
per. share
Transfer
PURPOSE—Of
Year—
matur-
labor
directors
offered
total,
banking
private
3*~
in,UpL
corporation
$155,000
Inc.,
may cancel the agreement); that tho
eancel -the
agreement at any
time
upon
the corporation for
reimbursing
certain of its costs incurred
in connection therewith; that the dfitiller has the
right to purchase two-thirds of
any
increased production of
barrels over that
contemplated
products
60
of
which
distiller
1512.
p.
cents
per
$1,250,000 is available until Aug. 1,
1947, at an interest
3%%
per
annum
on
promissory notes- and a
commitment
V* of 1% per annum on the unused portion thereof..
.2636:
of
instead
commercial
to
developed
which
sales pr ce
exclusive
'
Christmas,
radio-phonograph console
a
239,824 .stockholders,
on
Oct.
-on
General
of
/proposes
of
cost
irons
syndicate'headed by F. S. Yantis & Co., Inc.,
of
of
in
sale
of
150,000 plywood
w.ll
of
New
that
orders
of
^agreements with Security-First Nationaf Bank, Los Angeles.
40
the
termfe
of
tthe
Regulation
"T"
Loan agreement,
■credit
the
:: in
■'«
offering,
the company's backlog
was
approximately $2,100,000, of whjch not more than 11%
repre¬
sents
military orders.
Included in the backlog existing as of that
-date
and the
an
aggregate of
Veneer Products,
during the
Earned
stock,
1945,
31,
Aug.
on
the
Instead
of
the
will
expected
are
$4,000,000
■
Materials
dividend
162.
84%
cancelled.
of
done
-
on
portable,
chemical
wartime
-
company
The
cf which about 68% represented
United, States Government or with
subcontractors for the Government. Im-
at
of
of
^
the
military orders.
It is estimated
of $950,000 will be filed.
close
be
boilers
.
the''new
biggest
The
Company has had in effect contract
termination
procedures and
now
is engaged
in the preparation -of
-claims
against the Government and other contractors involving the
settlement
report-
space.
broad line of
which were
a
aircraft,
;prime contractors and large
.mediately after the Japanese had indicated acceptance of the surrender
"terms,
cancellations were received for approximately $3,200,000.
At
•.the
time
of
these
terminations,
approximately
one-eighth
of
the
■company's personnel was laid off and the .remaining personnel was
•shitted almost wholly
to peacetime operations.
Company expects a
small
amount
of
military business which has keen cancelled to be
reinstated, but it is not believed that sucn reinstatement will exceed
.'5%
the
production
independent distillers.
barrels are to be made
■
♦ ?f.
business
lower
types
three;
wjll
battery
.v
,......
General
contracts
from
recruitment in the company's 23-year history ,is
now
being conducted, Mr. Blumenkrantz said.
Groups of former
workers
who
were
given
temporary leave
when world peace: was
declared are being recalled daily, and new workers are being hired.
The company produces variab.e tuning condensers, actuators, auto¬
matic
record
changers and loud speakers.
Peace-time orders for
millions of dollars' worth of the four articles are beginning to roll off
the assembly lines.
The reconversion and expansion program includes
setting up a new branch plant having about 60,000 square feet of
approximately $5,300,000,
and
of
G-E'radios
of
company's
nounced
shut-off and control of hydraulic systems, anti-icing,
and shut-off,
photographic equipment and engine and
the
was
instead
will
example:
five
which
of
-■
only.
Angeles
$29,000
debentures
seven
corporation expects to employ more than 3,200 workers upon
completion of a reconversion and expansion program now under way at
its
plant, a figure almost double the number of workers employed
by the company-prior to V-J Day, A. Blumenkrantz, President, an¬
temperatures.
■orders
of
impression
come
has
iabr/cated
balance
held
General Instrument Corp.—Doubling Employment—
safety
transfer
For
21;
of
production
This
in
also
company
temperature
the
twice
production
conditioners
2015.
p.
fields.
and
sometimes
the
During the past
whiskey distiller
the
gun-
-
products are manufactured for the. control of various gases
liquids in refrigeration, air-conditioning, petroleum and diversified
During World
electro-magnetic
make
i!
to
.war
finished,
to
expected
are
•
Insulation
and
standard
industrial
mixer
AC-DC
air
warm
40-cent
California, Sept. 30,
1920,
:is engaged in the design, manufacture ana sale of automatic pressure,
temperature and flow controls for general use in domestic, commercial
•and industrial applications.
A major portion of its peacetime prod¬
ucts is designed for the control of- gas and is sold to manufacturers
of heating equipment and appliances, including central unit"furnaces,
.floor
furnaces,
space
heaters,
water
heaters
and boilers.
Other
;and
in 'the
.
was
time
Waterford, N. Y,,. first step in a $12,000,000 development which will
expand and eventually center the G-E Chemical Department's Resin
California
National
incorporated
full
and
of
an
duction * at
General Controls Co., Glendale, Calif.—Stocks Offered
-^-Wagenseller & Durst, Inc., and Bateman, Eichler & Co.,
Eos Angeles, recently recently offered 8,000 shares of 6%
•cumulative prefererd stock (par $25) and 4,000 shares of
common stock
(par $10) in units of two shares of pre¬
ferred and one share of common at $81 per unit.
The
stock
about
postwar
10; table :;models. ;
/■••
shipment, of oil-fired
Silicones,'-a
•
456.
p.
belie the
,
unrealized', appreciation i,
on'
net
and
Job
second
tion
in sizeable quantities about the first of next
..'.
' '
•■-/•'••"Z .' /r' --;/ ?■/-■cooler"; manufacture is again underway at the Fort Wayne,
Ind., works,
and production of
these units will equal the prewar
peak rate early in November.
One model of room air conditioner
was' shipped ih October/ *
■,
■•;.
•
;
;
;*,
<
Completely hew FM radios and transmitters for stations will be
ready the latte.r part of this: year.
Television, equipment will be
available early'in 194*6.
Farm freezers will be ready in 1947.
Plastic products already/are being produced, and new molds are
being built, at Pittsfield, Mass., for such 'varied postwar products as
radio cabinets-, coat hangers, cigarette holders and fluorescent bases.
management
fee
and
other
exfor istock, of -General Capital Corp.,
Federal
over yearly
:that
Continue
to
corporation
breaking
productionof
Water
it),
to
do
to
models
burners
payable,
accrued
without
for
before
kind
.year, '.-'
:
$12,042,127.
accounts' payable
switched
used
is necessarily slow on its feet have
Electric plants throughout the country,
First
fired;
.purchased, not received, $7,053; dividend payable Oct.- 11-, 1945, $75,576;
ities, $125,550;
•
/
.
$20,204;
provision
.
predecessor
a-
expects
including
bank,
acquired
almost
facilities
company
.
year
one
and
ASSETS**
NET
1945
General
LIABILITIES—Accounts
spenses,
■
AND
-
30,
-
this. nature. which
of
Twelve
,
. .
-
LIABILITIES
SEPT.
engines
J.,
promote-full employment,
prewar, G'-E will build
and
interest
securities
810,955,697;
-
realized
share Sept. 30, 1945,
per
N.
fans;
'
demand deposit, $944,850; accounts receiv¬
Capital Corp, sold, not delivered, $112,999;
receivable, $28,581;
investments
(marketable
securities) at quoted market values less reserve for Federal "capital
gains tax ($142,2148) on unrealized appreciation (recorded .cost, based
upon
requirements of Ffederal tax regulations, $9,766,352, which in-
able-for
.
•
•
propulsion
equipment % were
Standardization
,
$111,614
112,237
of gains'or losses,
value
asset
—
-
ASSETS,
'
\ 'ASSETS—Casii
,
Net
1944, $36.23.
;
jet
Bloomfield,
/ such
as
G-E's~"Electronic "Navigator "to guide ships
through fog and dark by radar, the statement summarized the highlights of the. company's reconyersion program:
,
..In addition to plans to build
new
appliances such as the home
frees?eiy-tlje .whole linp of Q-E appliances soon will be in production.
~
<
:
is exclusive
3'b
grades and sizes for
.
of
i
'./ tion
developments,
,
.
of
.
10
the: war, - and to: provide employment for nearly
twice as-many.,-people.
;>■:
Pointing out; that. many -new products will result ^-rom war-time
$135,838
24,224
-
.
pro¬
in
amount
serially from one to five years after
date, to be issued under a
proposed recapital.zatlon of that
company,
and in addition
will bo
required to purchase the
remaining unpaid balance of such debentures
-..in the event they are not
paid when due.
I
K.;,',
/
POST WAR
OUTLOOK—Although it is the intention of the corpora-
major
launcher
production
^Things like; thig niean more" than that "every American who wants
washing -machine will; soon be able to *buy one; • They mean full
production,/ which means full employment." - '
On the basis of,a study of markets-and products, he
said, General
a
normal
.
Net
making
at
100 General
Electric
.
——
,
and
tax
without
rocket
a
machine
.
'
.
Total
Expenses and
usable
was
where
and washing
-.machines already are'rolling from lines thbfc a Tew short months
ago
were in. full;, production^ of-rodcet launchers -and other
weapons.
General Capital Corp.—Nine Months Report—
Sept. 30—
to
big
a
nearly
//.
..
9 Mos. End.
one
and
washing
-: »'
v; 1,578,697 ■Vsaid, .adding: / - *v
j *• *, «:<•*■ ■ •
><
$0.47 : ^ f^Trons^ clocks, V heate^y refrigerators, electric ranges
$0.44
;
to
approximately $8,000,
purchase
pnncipal
production lines had already been converted oVer
Syracuse, N. Y., a wartime factory making propul¬
for destroyer escorts was
cqnverted in the midst of War
And
Reports
$1,240,826
$1,203,248
1,569,797
1,569,797
outstandings
Earnings per common
—V, 162, p. 781.
only
war,
peace,
to
ing
fire interrupters. '
.
that
Common
the
converted
-make.-fto-inch/vsearchlights,: and, when
facilities:; were ^completely converted a
Sep. 29, '45 Sep. 23, *44 Sep. 25, *43
■
Net
;
income
•
corporation will amount
will be requ red to
*
-At
home; heating
.
Co.-~Earnings-~.
-
Federal
-
cases,
twice.
sion turbines
..I.,..'...,.
39 Weeks Ended—
Net profit before taxes
some
...
other
or-
stride;
*;
in
was necessary at Bridgeport, Conn., where out
by , the company's Appliance and Merchan-
and
war
was
threefold
and
company,
instances.
,,
In
once
Washington.
in
line
American
built
before
both
lor
duction
Renegotiation of the company's war contracts for the year 1944 has
i toeen completed with the Navy Price Adjustment Board and no refund
?. of
excessive profits was. required.
Clearance dated Sept. 4, -1945, has
toeen
department
change
"
*
appliances
other
any
'•
.
.
,
..
'
September, 1945* as
due to a decreasf in
,/©;■
Monday, November 5, 1945
THE COMMERCIAL & FINANCIAL CHRONICLE
2148
-
of war traffic.
in demurrage
movement
decrease
a
v
Jan. 1 to Oct. 21
1944
i«9
onifi
n
'
1945
$1,936,406
$1,725,345
$33,400
S37 700
revenues
'
'
The New York Stock Exchange has authorized the listing of 70.956
additional shares of common stock (par $1) on notice of issuance
thereof in exchange for outstanding shares of 5% cumulative preferred
stock A (par $50). the offer of exchange tp be made by the corporatiion t0 the holders of such 5% cumulative preferred stock A, making
a total of 5,126,187 shares of common stock (par $1) applied for.
At the annual meeting of stockholders held on April 30, 1945, the
stockholders increased the authorized common stock from 5,000,000
>
Week Ended Oct. 21
1945
1944
p„rinH
onprflHn«r
,
^
~
Georgia Power Co.—Earnings
Gross
revenue
exDenses" ~
ODeratin*
Is
Deorec
Provision
amortization
taxes
for
"
$712,012
298,259
162
15*13
p
c.i904ir
i?4-5—
371,730
1,622,862
Net ry. oper. income—
—V. 162, p. 1639.
3,555,980
z,dz»,zo/
Gross
J,lib,39b
2,520,/jo
Nefc
Net
Net
Net
ry.
railway.-—
from
305,210
76,7o4
4,986,219
5,686,969
2'fm
1
762
893,762
520,790
o89,286
Net ry. oper. Income..
«—V. 162, p. 1513.
ifi?
n
the
same
:
production of
underway
Voiume
will
_
warded
President,
Oct.
on
30
of
.
with
teasibie, manufacturing, distributing, selling and
be conducted through joint use of facilities
ations
the
Under
one-third
the
has the right to use up to
the production of the Frazer
Graham-Paige
agreement,
of
Willow
Run
for
plant
Graham-Paige will
tions, Frazer said.
The
of
its full portion of the plant for its own
use
involves
for the
Kaiser-Frazer lease on Willow Run
for the first
year,
$850,000
™d;
The
the
for
fourth
third,
a
.
,
„
.
„
fifth
and
„
years,
.
an annual rental
second year and
the announcement
v
J
.V/.
In
sized
Mr.
in
of
Frazer
which
capital
the
on
this
Sin per
npJ
operations
of
the
detailed
the
financial
has
shares
5,000,000
of
structure
11.36%
of
equity
common
of
authorized
Its
*
$2,500,000.
Palle
sim.lar
at
interests
Tr!,n
aL.
number
the
shares
price
was
and
purchased by
later
an
the Henry J.
shares
interest
Immediate payment of
Capital and surplus after underwriting commissions
$20,000,000.
operation of the Warren City Mfg. Co., a wholly
subsidiary
of
prese™y
peacetime
Graham-Paige,
engaged
products,
in
including
the
Mr.
Frazer
manufacture
weldments
said
of
this
that
several
industrial
for
com-
"
of
rail-
types
presses,
.
nr
«
Freierred Holders—
,
'
v
Exchange Offer Made fo PrffprrpH Wnl/lArc
fA«.nh
Pfc' 23'
Meting the rate of exchange.
........
hoirtlr ™iaf receivesharescash valueissued," Mr. Frazer share that arises
will be of anv fractional said,-"but each
wi.l iona«
the
after
computation
into
full
shares
ha^
been
imide
Ea"h
holder
?oWgcrrd238tTk4S^^m offer will expire
S entitled ^ accrued divldends'fro^
Oct. 23,
1-45.'
The
Nov. 14, 1945."to
on
New Director Elected—
.John
York
D.
Warren,
inve-tment
'
has
b»en
elected
•
H
Walker
member
a
directors of the Graham-Paige Motors
Corp.
^ct.1
of
&
the
Co.
New
board of
.
•':.Vk.i
i.
1946,
Gas
Light Co.—Earnings—
1945—Month—1944
revenues
1945—12 Mos.—1944
$56,185
$54,367
$698,244
$657,795
35,698
31,921
436,234
409,180
3,301
30,866
30,687
9,353
2,781
9,445
117,873
108,760
$7,831
$10,218
$113,270
$109,167
993
1,111
10,241
6,332
$8,825
$123,511
$115,500
2,916
$11,330
2,916
$5,908
$8,413
$88,511
Operation
Maintenance
Net
may
received
be
'
'
lYTnhilo
^
1
622,957
237,495
'
Retire,
(net)
income
Interest
Net
charges
46
upon
.',
„
presentation
and
'
879,574
343,726
1,101,820
384,992
*Net
profit
Earnings
a
after
charges
share
per
letter
a
1945
.
2,559,1901
835,202
329,-118
651,141
319,079
$1.98
$2.45
and
wind
field.
tunnel
laboratory,
the
only
one
of
its
kind
"This
laboratory," he stated, "will permit important research and
engineering in connection with improvements in engine, exhaust and
chassis design.
As such, it should be a production and sales asset
to
our
automobile
"The
such
as
manufacturing
also
company
diversification
of
has
customers.
work
in
progress looking toward further
the greater use of light metals
products and toward
magnesium
and
aluminum."
The
company's balance sheet as of July 31, 1945, showed total cur¬
assets of $4,997,190
compared with total current liabilities of
Current assets included $1,213,642 in cash.—V.
162,
rent
$3,365,744.
p.
1890.
Heyden Chemical Corp.—Proposed Expansion—
The
stockholders
Nov.
ical
Corp.
of C.
E. Jamieson
& Co.,
of Detroit, Mich., will
on
approving the sale of that company to Heyden Chem¬
for 31,828 shares of Heyden common stock.—V. 162,
p. 782.
7
Hudson Coal Co.
(& Subs.)—Earnings—
Period End. Sept. 30—
Gross
1945—3 Mos.—1944
revenues
Net
for
Fed.
$8,217,827
$1,063,290
revenues
*Prov.
$741,119
taxes
Fixed
charges
Deprec.
$2,260,890
833,420
8*79*,2C3
294,758
423,026
776,150
1,096,738
905,886
1,300,322
$93,294
for
285^224
253,643
380,529
depletion-
provision
+$261,889
t$503,418
profits taxes
excess
fDeficit.—V.
(net
ry.
Dr)
oper.
Other income
71,921
*Net
3,272
'After
providing
for
Federal
September—
Gross
from
railway
ry. oper. income
Net
ry.
To
excess
1944
-
profits
1943
167,360,010
53,354,863
59,432,918
18,222,927
19,143,314
income™
Absorb
and
taxes.
Company Only
161,587,550
railway
railway
oper.
9,666,724
1942
' i-
from
from
9,191,245
$14,588,562 $18,151,790 $17,956,043 $15,789,550
2,947,983
5,837,265
6,462,381
5,360.983
1,032,884
1,546,274
2,581,028
2,177,861
from
Net
3,492,585
$1,207,897 $13,378,198 $14,197,214
income
>1945
railway
1,047,072
$518,317
——„
$
2,545,027
392,915
1,010,307
income
1944
$2,155,749 $21,528,287 $22,955,555
Crl02,687 Crl,084,098
Cr952,823
3,467
42,942
44,440
Crl24,610
deducs.;—
charges
$
187,053,453 194,389,869
125,093,167 124,699,899
5,420,027
37,886,972
43,241,830
$1,407,286
—
570!
22,233,976
14,265,285
—
income
p.
1945—9 Mos,
$
17,163,384
13,458,867
2,225,310
Railway oper. revenues
Railway oper. expenses
Railway tax accrualsEquip. and joint facil.
$292,522
162,
Earnings of System—
1945—Month—1944
$
rents
$3,377,933
58,000
277,824
and
income
Net
$23,093,268 $26,173,287
20,832,378
22,795,354
58,000
Other
*No
7,476,708
income
taxes
Net
1945—9 Mos.—1944
$8,503,200
7,444,910
Expenses
The
2,211,882
817,323
shares
common
Three
157,441,817 127,682,733
53,619,372
42.946,372
24,376,809
17,554,075
^
Units—
has applied to the ICC for authority to acquire direct
forming integral portions of its system a& a
preliminary step in its plan to refinance its debt.
company
control
It
of
companies
the Mississippi Valley Co., obtaining
Ship Island RR. and the Yazoo and Mis¬
dissolve all three companies.
Transfers
to buy all assets of
proposes
direct control
of
the
Gulf
&
It
will
-
-
658,636
stockholders, C. B. Hayes, President, stated that the
ready to resume civilian operations without mechanical
delays.
He reported also that the company had built
automotive
the
taxes
333,000
on
1944
$32,898,602 $33,976,430
and
sissippi Valley.
Net from railway
—
Net ry. oper. income—
56,511
to
was
sound
new
in
1,214,952
530,189
29,459,789 28,189,824 28,598,018 23,575,723
9,570,822 9,107,059 11,045,337
8,860,032
i 3,076,660' 3,505,805 3,735,315 3,796,624
532
$79,968
Hayes Industries, Inc.—Earnings—
From Jan. 1—
1942
$3,042,769
563
1640.
p.
Years Ended July 31—
sales after renegotiation
Gross
1943
$3,030,861
35,000
$80,500
$87,948
$8,368
Net
Net
<
45
$5,862
declared
162,
Net
.
35,000"
68,796
income
Dividends
—V.
accruals
reserve
Gross
series I,
*^62, P* 2016*
Gross^rom'raliway
revenues
income
Balance
TTo-rrGncjc
pr
jp,
oper.
Non-oper.
Fixed
plus accrued
the full redemption price,
Qujf & ship Island RR.—Earnings—
,
1Q..
1Q<1~
September—
' ,"
1945
1944
1943
Gross from railway—
$316,290 ,$285,749
$223,878
V Net ry. oper. income—
121,091 • > 99,695 ^ 64,547Net from raiiway-—
41,128'
63,439
30,833^
"
.
member of the firm of G.
banks,
of
1,
Gross fr0m railway
Net from railway
Net ry. oper. income-
Rt^ wl°hnB market_Price of the
holder
Jan.
r.
From Jan
«
common stock on the New York
of $9-375 a share was the basis for
to
Net from railway—.—
Net ry oper income__
-
onmfimL iW^a.£r* chairman and President of the corporation, has
Oct, 24,
1945a to allC°hoPlders o7 sT^.uSfnlaHv^ nrpf^H118^
They may exchange their sharaR fnr^
^ + u ♦ fv?o
ratio of hh shares for^ each share of referred
&
°?
Haverhill
Earnings of
Gllli Mobile & OnlO RR. Edmin^S
September—
1945
• 1944
Gross
from
rajlway
$3,090,785
$2,996,163
a ners
_
$232,202
LIABILITIES—Notes payable to bank, $361,870; accounts
payable,
$114,414; accruals, $3,300; Federal taxes on income,
estimated, $58,299;
reserve
for
postwar conversions and adjustments, $35,000;
common
stock
(par $1», $500,000; earned surplus, $232,202; total,$1,305,085.
—V. 162, p. 458.
Miscellanous
(
surrender of said bonds.—V. 162, p. 2016.
rSilf
ci^tai^^s'fo^s'tora^p^f ^!i?!.raffCran^CaSeS and hermeticaily - sealed
for storage of aircraft engines.
e
1.250
1945—
on hand and on
deposit, $48,550; U. S. savings bonds,
E, $2,344; trade accounts receivable (after reserve of
$11,000),
$249,315; War contract termination claims, $27,659; inventories, $464,256; claim for refund based on carry-back provisions of the Federal
income tax laws,
estimated, $146,600; postwar refund of excess profits
tax, estimated, $32,403; sundry accounts
receivable, deposits, and ad¬
vances,
$2,238; property, plant, and equipment
(after reserves for
deprecation
and
amortization
of
$430,211),
$300,410;
intangibles
(excess of cost of investment in
subsidiary over ascribed value of its
net aseets at
acquisition, after amortization of $22,0131. $2,002; good¬
will, tl; taxes, insurance, etc., $26,049; organization
expenses of sub¬
sidiary, $3,258; total, $1,305,085.
1967, have been called for redemption on Jan. 1, 1946, at
104 and interest.
Payment will be made at The First National Bank
of the City of New York, agent of the company, 2 Wall St., New
approximately
1
4,951,872
4,122,322, 3,249,828
,
York, N. Y.
? share.
by
1942
1947
<
due Jan. 1,
Kaiser
1,700,000
additional
192,940
CONSOLIDATED BALANCE SHEET, JULY 31, 1945
Period End. Sept. 30—
iom
*?3/. c/
t° an underwriting- syndicate for distribution to the public
aggregate
owned
of
same
31,077
1944
Illinois Central RR.
G31IS 0/4/0 EOnaS
All of the outstanding general mortgage 33A% gold bonds,
'
ivv
guaranteed
155,434,240 155,013,689 144,071,940 116,575,977
47,559,551 55,966,526 56,739,897 48,331,372
income— 25,080,108 23,039,682 22,279,239 25,121,586
Net ry- °Psr,
Graham-Paige
which
bank,
to
.
3,655,657
From Jan. 1
Gross from railway
Net from railway
Corp.,
Kaiser-Frazer
interest.
stock
and
$38,012
surplus, at July 31,
vote
Earnings—
1Q44
Ne^ ry* ®per -Incomc—
Mr.
Corp.,
Kaiser-Frazer
the
Graham-Paige
is
ment of
^
~
GroSs from »"way_.... $17,541,895 $19,778,866 $19,138,494 $18,056,777
Net from railway
1,269,018
8,861,570- 8,303,014
9,566,519
company
named
payable
note
-c.
„„
GrCRt Wortncril Ivy.
{ Purchased 250,000 shares at $10 a share, representing a total invest-
J
$630,224
207,380
$0.60
September—
would produce a low-priced, American"Kaiser," which wou'd follow the introthe medium-priced Frazer by four to six* weeks
automobile
duction
,
1,370,590
pay-
$375,000
amount
that
said
After
options.
renewal
would
to approximately
^Lefi^ldhSMnfi^nWflnnrnYi^^,Sv
of
commenting
Frazer
$500,000 with
approximately
rental of
Earned
$2,205,396; total, $14,071,820.—V. 102, p. 1889.
..
,
4
-
proceeds
.
105,790
contracts, $4,011,411; provision for Federal taxes on income and
renegotiation of war contracts (alter deducting U. S. Treasury tax
notes of $750,000), $3,355,814; mortgage payable, due after 1945,
$22,800; reserve for contingencies, $1,500,000; capital stock (10 cents
par
value),
$105,208;
capital surplus,
$683,221;
earned surplus,
opera-
report revealed that Graham-Paige has arranged to lease its
present manufacturing plant to the Office of Surplus Property of the
Reconstruction Finance Corp. for a period of two years at an annual
.
$2,106,603
LIABILITIES—Subsidiary's
'*■-'>
,
$500,000
$1,200,000
; <•
—
parent company, $350,000; accounts payable, $1,170,834; accrued taxes,
wages and other expenses, $559,679; amounts withheld for employees'
taxes and war bond purchases, $107,458; advances on Government
tractor and the Rototiller, and thus will be obligated
for one-third of the operating expenses of these facilities, including
one-third of the rental of the building.
It is presently estimated that
the Frazer
car,
»•
62,870
~
.
ASSETS—Cash in banks and en hand, $3,866,412; accounts and notes
receivable (net), $2,804,014; estimated amount receivable on terminated
contracts, $64,328; inventories, $5,418,298; advances to sub-contractors
f°r purchases, $457,405; prepaid expenses, $120,389; fixed assets, at
cost (alter allowance for depreciation and amortization accumulated
since dates of acquisition of predecessor companies of $903,564),
$1,330,340; patent costs, less allowance for revaluation and amortization, $10,135; goodwill, $1; total. $14,071,820.
will
representing each company."
:
.
CONSOLIDATED BALANCE SHEET. JUNE 30, 1945
serving operand personnel
of both companies.
This agreement provides that costs and charges
of the joint operation shall be allocated between both companies on
| an equitable basis to be determined by independent public accountants
extent
;/i
.
i"com9
Dividends paid
Earnings per share on 1,052.075 shares
into an
to the
Sept. 20, 1945," the letter said, "entered
Kaiser-Frazer Corp.
which provides that,
company, on
agreement
-
$2,043,73^,
the
Sh°v'ur
:
— . —
....
...
Provision for Federal taxes on income, renegotiation and
contingencies
operations with Kaiser-Frazer Corp. at Willow Run "would
enhance Graham's business and result in important economies
company." ■"
„
Mr. Frazer, who Is also President of Kaiser-Frazer Corp., declared
that vo.ume production on the Graham-Paige agricultural equipment
line, including the new Frazer tractor and the Rototiller will begin
greatiy
lor
•
_
Total income
Deductions from income
joint manufacturing
sales
and
912,803
Opeiating profit
Other income
the forma-
steps leading to
the
traced
profits taxes
surplus (prior year's capital stock tax reduction;
reconversion
I?;9n,6i9
_
said Graham-Paige's
Credit to
In
^
Selling, general arid administrative expenses
which
excess
estimated
income to surplus—
Earned surplus at Nov.
1,
company
Car Ex-
America's newest automobile, the "Frazer,"
a
few months, Joseph W. Frazer,
revealed in a special announcement for-
Corp.,
Kaiser-Frazer
and
income
franchise tax,
Net
INCOME, SIX MONTHS
ENDED JUNE 20, 1945
,
to all stockholders.
announcement,
Tne
tion
and
the
"Rex Products Corp., v/hose principal plant is In New Rochelle, N. Y.,
is a ]arge procjucer of ladies' compacts and cigarettes cases which are
sold by leading retail stores under the nationally advertised trade
name 'Rex Fifth Avenue.'
The net earnings of Rex before taxes on
income for the six months ending July 31, 1945, were in excess of
$1,500,000, and its operations are continuing at the same rate."
within
weil
be
1945
Corp.—Moves Into Willow Run
Old Plant to RFC-Frazer
Leases
and every effort will
expansion, the corporation acquired all of the capital stock of Rex
Products Corp. and its affiliate, Shields, Inc.,. of Attleboro. Mass.,
^ operated as whoJ1'y.owned subsidiaries. The purchase
price depends upon an audit which is presently being made and
consists of 100,000 shares of the capital stock of the corporation and
the balance in cash.
pected Before Spring—
^Chairman
x
CONSOLIDATED STATEMENT OF
„
_
.
and
in course of preparation
claims are
-
Graham-Paige Motors
Plant
29,523
Federal
for
California
and
will be $1.25 per share,
1, this year. Total for 1945
paid in 1944.—'V» 162, p. 1768.
as
7,938
$98,612
deductions
Provision
Operating
a.
in line with lts policy of diversification
on
and Sept,
1
June
income
Taxes
,.0n gept
Oct. 26 declared a dividend of 50 cents per share
on
the
common stock,
no par value,
payable Dec. 1 to holders of
record Nov. 8.
Distributions of 25 cents each were made on March 1,
directors
The
ol
corporation ,g progressing satisfactorily.
To Pay 50-Cent Dividend
(II. W.) Gossard Co.
V:n
Other
Re-
"Fiixrirlprt<4
cn
m
1
,
.
be made to secure prompt .settlement of the cancelled contracts.
conversion to peace-time operation of the various divisions of
4
v
$90,675
>
Period End. Sept. 30—
RalPh H°rton, President, states:
64b,,„rhe abrupt cessation of hostilities in August was followed by the
cancellation of practically all the war contracts of the corporation.
728.
p.
operations
income
Gross
4,020,389
ment—
iro._
157,
303,683
...
646 374
Boston—Private Loans—The company
rw
or tiiot it hurl nhtninprf a loan of 35600 000
announced Oct. 26 that it had obtamea a loan oi *ouu,uuu,
maturing serially in six years, irom the hirst i\auonai
Bank, Boston, and a loan of $900,000, maturing in 15
' •fw.rtwv.
It/Tiitna! T ifp Tn«iiranrp Co of New York.
years, from the Mutual Lite insurancei go. oi in ew x ui k.
Company publishes school and college text OOOKS.
V.
from
1,762,482
:
expenses
5,955,776
Great American Industries, Inc.—Semi-Annual State-
Co.,
&
22,426,000
838,858
4,875,721
3,701,584
3,495,328
income..
im
oper.
Termination
Gilin
26,456,000 26,133,000
5,803,303- 7,528,953
from
.
3,599,999
1'?9nSSn
5,073,467
railway
railway
1942
$2,876,000
437,374
262,465
-V. 162, P. 1513.
253,568
150,240
l—
from
Net
.154,893
ol,170
49,648
from
Gross
ism$612,447
income
oper.
From Jan
-
1944
$483,704
Net
v
,Q4o
1945
Net
$5iy,^BB
10..
$520,399
193,203
1943
$2,697,000
551,446
403,322
$2,745,000
549,163
291,298
from railway— 27,744,000
railway—5,642,597
Gross
-,040
„n„e
September—
Gross
from railway...
of $1,583,300 in
From Jan. 1—
.
„
Florida Ry.—Earnings—
Georgia Southern &
1943
$1,007,434
$0.23
.
$2,938,000
from railway___
from raliway
ry. oper. income..
Profit
Other
sold
administrative
and
$2,156,840
—^■«_.^
—
products
series
1944
1944
1945
of
ASSETS—Cash
x
^
Cost
preferred stock held by
Grand Tmk Western RR.—Earnings—
September—
Corp. (& Subs.)—Earnings—
X
sales
General
cumulative preferred stock
$854,484 $1,262,920
$0.16
$0.29
-
Harvill
CONSOLIDATED INCOME STATEMENT, 9 MOS. ENDED JULY 31, 1945
Net
corporation's
holders of the
in ,944 and tl,035.5C0 In 1943.-V. 162, p. 1889.
j
^
8,487,258
8.J74.838
all
"After reserves for Federal taxes and contingencies
82W63II
41MM
1945. $1,537,000
■
7,766,422
2,612,173
2,281,296
7.325,274
1,929,671
from
from
Net
312,258
175,458
From Jan
to
1945
:
Earnings per common share
<s«4« 716
eozROda.
IS?!o
6?S
139!872
l—
railway.—
railway
* Net l)rofit
•
W7
offer
Nine Months Ended Sept. 30—
n
September—
proposed
EARNINGS 9 MONTHS ENDED SEPT. 30
•
Net'lrorn'raiiwav^
Net r^Sper income""'
a
A of lhe right ^ exchange the shares of
ihem for shares of common stock.
$2,365,402
fl^nrtria RR
Earning
Georgia KK.—Earnings
Gross
with
presently outstanding 11,826 shares of 5%
40o
to
ion
$2,243,780
$177,244
$207,579
Balance
o4-j
„o
6,
z,
2,676,064
r,—7.T7
—V
jsSuan(.e 0f ^.not to
5>o,u4i, o
$4,919,844
223,005
223 005
stock..—
pfd.
on
$400,250
$430,585
income
Net
■
the directors authorized
exceed 70,956 shares of common stock in
At a special meeting held on Sept. 13, 1945,
,
*—connection
—
Divs.
$8,515,612 $8,7
3,595,768 J,
$898,509
281,426
deductions—
etc.,
Of this amount, on Sept. ,30, 1945,
4,537,323 shares were issued and outstanding, 917,908 were reserved
for conversion purposes in respect of the 5% convertible preferred
st0ck and the balance of 544,769 shares may be sold, used and otherWjse disposed of by the board of directors free of any preemptive
rights to the stockholders.
shares to 6,000,000 shares.
.
.
income
Gross
Int.,
•
1945—Month—1944
1945—12 MOB.—-1944
$4,178,631 $4,119,300 $49,010,427 $48,940,324
1 881,153
1,942,004 24,689,676 21,907,772
483 500
468,167
5,865,999 5,942,501
1,101,966
1,010,618 10,539,138 12,348,486
September—
Month cf
"
Listing of Additional Common Stock— ^
due to
other revenue was
The decrease in
accruals.
consideration
to
be
made
in
the Illinois
will
then
Central.—V.
of
the
indebtedness
of
the
subsidiaries
162, p. 2016.
1Q49
1942
$244,938
^ 91.395
50,735
I; 1,911,367 ^1,756,472
159,363
521,416
»164,947
223,223
"Deficit.—V. 162, p. 1640.
:S'.. r,;.ijx.
Illinois
All
of
the
Consolidated
Telephone
Co.—Bonds
Called—
: bonds, series A,' due
1, 1966, have been called for redemption on Jan. 1, next, .at
1C5 and interest.
Payment will be made at the Harris Trust & Savings
Bank, trustee, 115 West Monroe St., Chicago, 111., or, at the option
of the holder thereof,
at the Bankers Trust Co., 16 Wall St., New
York,. N. Y.—V, 154, p. 959.
I
U T/r/
-
outstanding
first taortgage
Jan.
.
r
5
l
(• !
^•^"7^; -v 7—
r-
'.■•;■ i "■
?&■'■>>&'$*: V-«Ksl'ii.';-y'lfe M'-i'M:
i'
•-'?7-
■:
::.}t, i
:>' V
•
'.',; h
V. \i.' ;V'.7'
.,-
:P
''••;;.V;,.v'',,'4::^' ''N.X'Kv:/. •''•;■■ ■"■■
.
-.X.'-^
..
!-':' "'^v;x.X: ■ -:;,x:v'
r;:"
;vw? I-=*
".
.•;^"i»-?;x«/:' v-1 iJJ
•
".;v:4
Volume 162
Number 4435
m
__
ifnai
Illinois Terminal
RR
Net
—
X
1945
■
$821,636
$812,076
157,683
447,290
365,064
408,710
197,875
246,769
122,922
income—
—V. 162, p. 1513.
1,020,914
8,707,496
3,957,408
1,045,207
from
ry.
oper.
Indiana Harbor Belt RR.
1945
operating
expenses
$1,321,380
3,150,078
Net rev. from
ry. oper.
$171,302
Railway tax accruals.™
Equip. & jt. facii. rents
ry.
Other income
2,820,451
1,153,151
1,682,156
$1,814,104
Total
Total
761,205
Net
at
3,152
29,188
(defifit)(defifit)_
*Net income.—V.
162, p.
$376,625
$451,283
29,112
29,596
372,241
of
have
$77,500
1950,
ai.
ai
of
ior
Trust
&
Co.,
D.
70
Broadway,
New
total
a
Morris Plan
Corp. of America below.—V.
International
Detrola
Corp.
162,
Jan.
N.
with
this
of
company
Universal
Ohio, and Utah Radio Prouuola Co.,
Cnicago,
by the boards of directors of the three
Cooler
Presidency
and
General
Managership
of
Corp.,
The
directors
share
Match
The
voting
directed
the
holders
of
Nov.
on
the
Oct.
23
Co.—V.
Net
162,
Co.,
Ltd.,
dates
under
an
eighth
liquidating
the
voting
trust
of
said
is
pay the said dividend on
certificates of record at the
certificates
debentures
thereof
to
to
insure
of
dividend
of
of
shares
Dec.
20,
close
deposit
$4
for
for,
conditions
delays
but
at
dividend
payment
attention
mail
and
called
time
and
Company
161,
p.
the
the
162,
Net
fr.
rev.
p.
Net
The
Oct.
on
cumulative
since.
none
$1.25 Dividend
directors
162.
Like
90,044
89,140
23,890
162,274
74,969
3,105,803
2,970,251
2,217,836
1,653,623
1,374,999
719,655
589,163
1,153,334
521,679
that
Other
amounts
were
for
Federal
Provision
for
State
paid
on
was
Feb.
made
15
Net
and
on
earned
Bureau
of
prior
share
15
on
144,162
/'
17,928
3,184
180,000
113,800
Lake
2,900
Revenue
Superior & Ishpeming RR.-
Net
from
Net
ry.
railway
May 15, 1944;
15, 1943.—
Total
$213,814
1,943,971
—
&
Telegraph
Corp.
New
—
Net
63,661
$1,924,413
62,500
$2,095,416
$1,861,913
$0.85
July 31
surplus,
$0.68
share
BALANCE
CONSOLIDATED
..John
W.
Humphrey
manufacturing.
Co.
since
He
1940
in
has
been
elected
associated
was
charge
of
Vice
with
President
The
in
National
manufacturing.—V.
162,
charged
Cash
United
Italian
P.
T.
during the
The
Superpower Corp.—President's Report—
—V.
162,
receivable,
2,113,720
2,493,193
2,476,100
2,720,243
1,148,617
1,267,610
1,264,078
1,512,603
602,547
722,742
709,955
746,735
1642.
p.
105
consolidated mortgage sinking fund gold
have been called for redemption on Jan. 1. next, at
Payment will be made at the office of The Penn¬
Company for Insurances on Lives and Granting Annuities,
of
the
outstanding
series A,
and
interest.-
sylvania
trustee, 15th and Chestnut Sts., Philadelphia,
to
Jan.
1,
1946, may be
of said b*U».—V.
the
states
war,
has
corporation
condition of
corporation
in
certain
has investments.
This
as
to the physical
by Italian companies in which
indicates
that
(net)
the
Dated Nov. 1, 1945; due Nov. 1, 1975,
Redeemable at option of
on any date on 60 days' notice
(or on 30 days' notice if
redemption date is an interest date) at 105 to and including Nov. i,
1948; at 104 Vz to and including Nov. 1, 1951; at 104 to and including
Nov. 1, 1954; at 103Vi to and Including Nov. 1, 1957; at 103 to and
including Nov. 1, 1960; at 102Vi to and including Nov. 1, 1963; at 102
to and including Nov. 1, 1966; at 101 Vz to and including Nov. 1, 1968;
at 101 to and including Nov. 1, 1970; at lOOVa to ana including Nov.
1, 1972; and thereafter to maturity at 100.
,
.Series B bonds will be redeemable, on .30 days' notice for sinking m
lund at 102 to and including Nov. 1, 1348; at 1013,4 to and including
Nov. 1,
1951; at 101% to and including Nov. 1, 1954; at 101% to
and including Nov! .1, 1957; at 101W ; tor and Including Nov. 1, 1960;
at 101 to and including Nov. 1, 1963; at 100% to and including Nov,
1, 1966; at 100% to and including Nov. 1, 19G8; at 100% to and
including Nov. 1, 1970; at 100% to and .including Nov. 1, 1972;: and MM,
thereafter to and including Nov. 1, 1974 at 100.
Series B bonds will -•1 -f
have the benefit of a sinking fund payment on Aug. 15-of each year
commencing with 1946 in the amount of $40,000 or 5% of .the net
income of the company for the preceding calendar year, whichever
company
greater.
vania
and
if
any.
CAPITALIZATION,
as
to
boxes
Reserve
un¬
the
bottles
payable
real
63,406
$6,525,986
275,205
for
of
revaluation
assets
of
Common
($1
1944
25,000
—
The corporation
had approximately $255,500 on deposit in New York
1944, and approximately $249,100 on deposit on June
30, 1945. However, of these amounts approximately $59,600 and $56,500,
c-n
Dec.
—
of
'After
$102,691
250,000
95,876
2,357,702
1,861,913
70,876
s
*
State
taxes
paid
Yr. End."
at
debenture holders under tax-free.covenant—*.
State of
of
other
N.
J., corporation franchise
transfer
agent,
corporate
registrar,
expenses——*
tax
trustee,
$140
-
;.
—™—,
expenses
paid——___—
160,
p.
accounts
of
1945..
•,.1944
101,879
$652 393
110,898
$573,204
8,995
$643,398
produc. (gross)™
Marketing charges
025,907
1945
in
and
1632.
-Earnings—
Quarters End. June 30—
ore
milled
!_
t
$131
^
Net
Oper. &■ admin, costs—
Res.
25-.
—-i—_,
.
for
develop
3,879
2,709
126
:
$6,879
deprec.,
&
1943
1942
<
91,004
.
112,870
$687,155
10,005
10,527
18,767
$563,199
$637,447
$668,388
-
399,016
391,764
308,469
141,435
142,992
132,363
125,893
$102,947:
$28,443
$196,615
$190,305
.
352.190
defer,
depletion™
profit for
period
"
195
NOTE-—Capital
$2,817
—V.
de¬
compared with $45,242 in 1944.
expenditures and development of
1945 amounted to $55,448 as
162,
p.
136.
-VV.
"v/
-W*;
j-
'
-
■
:
'
V't: '"
.■
f
•'
■::■
: )■:
■■■'yi-X-'!
6,270,837
6,163,392
5,282,487
3,432,725 ;c
822,797
Ripley & Co—
FOR
Smith,
ket
1,144,511
352,984
1,043,103
844,043
861,727
364,132
370,924
378,094
4 337,798
382,944
397,462
397,860
393,945
433,709
374,347
Barney & Co—_
Boston Corp—
1,000,000
1,000^000
30-
SEPT.
ENDED
1942
1943
1944
1945
1,019,469
1,013,674
341,660
PURCHASED BY EACH
MONTHS
AND.!
277,381
310,664
First
The
1,000,000
MONTH
BE
TO
AMOUNTS
Peabody & Co.4$l,000,000
$525,759
railway——
154,804
196.932
income™
93,450
114,995
138,697
15^,761
4,202,738
4,656,032
4,673,054
939,433
4,808,733
1,675,349
1,738,701
1,851,648
651,796
1,012,712
1,053,675
1,136,985.
from
Net
ry.
oper.
$565,775
$533,241
$533,359
2" 4 7^5
From Jan. 1—
railway
from
Gross
ry.
railway
from
Net
oper.
162,
p.
income—~
2018.
Lehigh Valley RR.—Earnings—
1
strategic metal
1943
1942
$8,072,748
$7,256,' 891'
2,932,638 ) 2,803,743
1,201,391
1,306,970
1,317,579
590,315
1944
$7,831,448
1,896,721
>'» 1,336,973
railway—-
61,343,166
75,053,944
68,440,205
railway--—
ry.
oper, income™162, p. 1515.
13,235,919
21,172,123
23,283,047
55,981,250
19,2^7,807
9,132,175
10,200,520
8,618,257
1945
September—
railway—
from
Net
from
ry.
railway
income—
oper.
$6,179,715
From Jan. 1—
from
from
Net
Net
—V.
Lehman
A
Corp.—Quarterly
asset Value
net
3,796,777
—<T__.
v
.v,........
corporation on Sept.
stockholders by Robert Lenman, Presi¬
first quarter of the corooration s fiscal
of $50.77 per share of the
30, 1945, hias been reported to
dent, in a report covering the
This figure compares with $46.73 shown
in the corporation's
!"
"
'
£*♦0
.
corporation's assets on Sep)tl'30
was
$33,912,685.
The report shows that capital gains amounting to
$875,993, for Federal tax purposes, were realized during the quarter.
Gross assets on Sept. 30 had a value of $99,886,912.
Cash, receiv¬
report of June 30, 1945.'
1
unrealized appreciation of the
.
able^ and
gross
Government bonds
assets.
amounted to $8,882,153,
!
"
corporation's, portfolio changes since June 30
securities sales on
balance of $1,601,146, exclusive
The
of
Wig.
or 8.9%
,
resu'ted in^net
of Government
bon.ds.v:'"r••:*..•"..-:
largest
single
concentration of
investment coritinued to be
in
public utility securities which had a value of $18,298,981.
Thecnext
most important investment was in oil securit'es, with a market ^value
of $10,268,806* followed by the securities of merchandising companies,
totalling $10,027,752.
„
.
MMj-
~y■
■.
M MM MM'-
1.296,850
1,324,338
1,486,171
1,396,087
1,208,175
1,232,651
712,145
761,038
195,322
827,654
3,161,138
■"
Income
$286,667
517,865
September—
/
> "
from railway——
The
Net
$134,181
141,596
1,456,802
1,394,944
1,886,820
1,388,190
4,427,029
1,197,280
>4 4,286,652
1,235,324
3,392,744
705,981
3,689,201
754,237
3,962,5914
807,313
?
Fixed
Charges
$420,848
659,461
Gross
year.
annual
V'
$647,974
,
*•..'
:' ',4^,
Charges
...
Kidder,
Net
:P;
,,
Income
UNDERWRITERS AND
2,491
posits in
Total
1944. -V.
Metal
•
and
Legal and accounting fees and expenses—
'
Postage, telephone, office & miscell. exps._u———
in
doubtful
June 30,'45
for
source
for
reserve
Tons
6 Mos. End.
Dec. 31,'44
—
1935—
$6,525,986
2,095,416
La Luz Mines, Ltd.-
the
and
54,978
250,000
Total
insufficiency of United States currency,
A statement of expenses paid by the corporation from its American
funds for the year 1944 and for the six months' period ended June
30,
1945, follows;
Federal
—w-
1939
31,
respectively, were applicable to the payment of unpresented coupons
maturing Jan. 1, 1941, and prior thereto appurtenant to the corpora¬
tion's outstanding debentures.
The corporation has failed to meet the
interest payments due July I. 1941, and
subsequently on its debentures
because
—
1940
25,000
2,357,702
———„>
;
$414,820
652,182
6,039,139
1943
1942.
Gross
—
..
5.
Revenues
•—
Net
561,828
409,677
subsidiary
value)
1
par
Income
;.w.
$2,696,346
Gross
$6,839,603
stock
'
OF EARNINGS
for Fixed
June 30—
182,708
54,978
surplus
surplus
Reserve
for contingencies
COMPLETION OF
Oper.
608,026
226,859
due
contra,
EFFECT TO
Net Ry..v Avail.
Railway
Operating
6 Mos. Ended
255,105
596,739
—
estate,
of
(See
$450,000'
$300,000
Earned
banks
GIVING
SUMMARY
10,358
88,361
-
Capital
or
10,320
—
contra)
(see
on
1948
exception
the
THIS FINANCING
Net
„—
companies
legal
its investments, of any applicable
other governmental or occupation authori¬
ties.
Fees
and
3,
Italian
acts or decrees of
37,875
—
Mortgage
in Pennsyl¬
1395,
bonds, 3% series B, due Nov. 1, 1975
$4,000,000
Equipment trust obligations (est. as of Dec. 31, 1945)
537,000
Conditional sale agreements (est. as of Dec. 31, 1945)
1,609,000
Capital stock (par $50, authorized $7,500,000)—,———■6,800,000
—V.
the ownership of
on
2,815,192
$6,839,603
Nov.
able to obtain any definite or authoritative information
effect,
2,643,611
pay¬
payable, banks
payable, trade™,
———
payable
L—
Expenses accrued and sundry I'ab'lities..
Deposits refundable to the trade on returnable
opinion as
to sueh properties on the value of the corpora¬
with
First mortgage
Harriman
36,375
mortgage
stock,
capital
including an advance of $1,000,000 from Lehigh Coal and
Navigation Co., will be applied to the redemption on Dec. 10, 1945,
at
105,
plus
interest, of
$5,011,000 general mortgage bonds,. 4%
series A, due April 1, 1965, outstanding in the< hands of the public,
the remaining bonds of such series in the principal amount of $62j,000
held by the company to be surrendered to the trustee and cancelled.
RESULTS
contra
Taxes
investments.
far has been
Its
authoriza¬
company,
LIABILITIES—
'
so
to
incorporated April 2,
was
Jersey.
New
;<
>
-
■
qualifying shares, is owned by Lehigh Coal and Navigation Co.
latter company in V. 162, p. 2017.)
1,029,256
Accounts
or
Further, it should be noted that the corporation
1,166,005
Notes
small. This information, however, is not considered
by
the corporation to be of sufficient scope or of a character
sufficiently
definite to enable the corporation to express
any over-all
.r,
47,274
—
building—subject
i«
*
and sale of the above bonds, are subject to the
Interstate Commerce Commission.
the
of
Net
was not particularly severe.
In the case of the properties of
companies in northern Italy, such as General Italian Edison Electric
Co.,
the information received by the corporation indicates that the
damage
tion's
28,181
Total
of Sieity
to the effect of damage
723,388
—
y&t--
ther details follow:
1,031,309
908,844
(net)
Net equity in land and building (net).
Deferred
charges and other assets
able,
properties of Meridionale Electric Co. located in and north of
Naples.
The information further indicates that the
damage to the other proper¬
ties of Meridionale Electric Co., located in southern
Italy, was moderate
or slight and that the
damage to the properties of General Electric Co.
moderate
1,025,907
—
*
and
Land
damage is very severe in the case of properties of certain companies
operating in central Italy, such as Terni Company for Manufacture and
Electricity and Selt-Valdarno Electric Co., and in the case of certain
was
100,000
receivables
—
boxes and bottles, on hand, with the
trade, and in the trade against deposits con¬
tra, at cost
(net)
——
Land, buildings and equipment—unencumbered
information
information
$482,471
r
$4,000,000 first mortgage bonds, * 3%
series B, by Kidder, Peabody & Co. and associates. Fur¬
interest
a*d
Barrels,
part.
received
of the properties owned
some
162, p. 2017.
Lehigh & New England RR.—Bonds Offered—Mention
was made in our issue of Oct, 29 of the offering at 100
1936
75,000
Sundry
President, in a letter to security holders of the cor¬
reciting some of the damage done to the properties
Pa.
redemption price, plus accrued inter¬
received upon presentation and surrender
Immediate payment of the full
est
1937
$1,042,454
trade
187,275
N
Lehigh Coal & Navigation Co.—Calls Bonds—
All
bonds,
1944
cost—
at
228,964
income—
oper.
1938
31
,—
hand
securities,
on
Inventories
Hanscom,
after
and
Government
States
'Accounts
poration,
,
1945
in" banks
Cash
Register
2017.
p.
JULY
SHEET,
ASSETS—
of
•
$366,886
Cal. Yars—
62,500
earned
1942
1943
$415,743
265,733
railway___
railway
from
ry.
131
$2,157,916
per
7.
192,572
1945™
paid
Earnings
•
187,924
1941.—
Telephone
Vice-President—
Earnings—
1944
$398,077
249,666
135,605
Income—
oper.
fro*
Gross
1,688,796
for
-
Dividends
it
to
From Jan. 1—
1944
Dec.
.
$38$,713
243,621
"
2,045
.
'
(net)
•
'
1945
;
1—
adjustments
*
,
be
outstanding
September—
from
railway
$171,956
credits
Balance
International
the
127,300
surtaxes
surplus
to
Feb.
surplus,
7,018
453,000
taxes
&
taxes
.
•':
to
reduce
Gross
19,746
23,701
3,484
taxes
income
Internal
years
Sundry
tq hold¬
normal
Jan. 1, next, $850,400
5 V2 % 25-year bonds,
Payment will be made
or Toronto,
Canada, at
sinking fund
option,
retirement,
$511,671
__
profits
excess
transferred
profit,
Balance
Stockper
$491,925
5,131
Provision
Ltd.—-Calls Bonds—
on
PURPOSE—Proceeds of this issue, together with other funds of the
expenses—
income
from
1,930,867
1,470,236
$1.25
2,558,230
1,395,786
161,783
1,933,166
1,236,078
—
deductions
2,441,635
of
$3,805,331
accounts
doubtful
for
Interest
Sundry
2,734,371
preferred stock, par $100, payable Nov.
$4,903,022
$813,592
2,088,675
1,740,113
JULY
1944
income
Federal
dividend
a
holder's
stated,
The issue
Report-
ENDED
redemption
accomplished with treasury funds, will,
principal amount of this issue
approximately $4,000,000.—V. 150, p. 19$0,
is
tion
MOS.
income
Total
85.937
declared
25
the
the
re¬
1543.
for
42,928
6
profit
Operating
United
be
FOR
ACCOUNT
Provision
Provision
A similar distribution
at
is
987.
p.
Co.—Semi-Annual
products sold
delivery and administrative
for depreciation
of
Cost
Selling,
$5,799,919
Preferred
162,
$787,222
26,370
allowances
and
113,202
on
/.
below-
after excise taxes, discounts
i
from sales,
Income
1514.
p.
200,903
1945
$6,867,641
88,275
record Nov. 5.
of
V.
168,905
126,540
income
the 5'/e
$296,805
INCOME
CONSOLIDATED
for
charges
Declares
ers
$433,259
opers—
ry.
$304,597
Brewing
Krucger
(G.)
1945—9 Mos.—1944
$615,723
income
1641.
for
due July 1, 1961, at 103 and interest.
Imperial Bank of Canada in Montreal
COMPANY—Company
will
America—Earnings—
1945—Month—1944
revenues
available
fixed
1942
1943
1944
$376,456
Nash-kilvenator Corp.
See
such
fact
cannot
railway
oper.
Provision
Income
162, p. 1641.
Earnings—
Gulf Ry.-
called
outstanding first mortgage
/:?: This
pro¬
Corp.
the
to
Bermuda
the
therefrom."—V.
International Rys. of Central
oper.
com¬
was
Kelvinator of Canada, Ltd.- -Sale of English Co.-
to
of
is
between
curtailed
arising
Period End. Sept. 30—
Railway
.
of' this fan
has
'
3,420,313
1,772,579
750,904
railway
from
from
ry.
—V.
business
either
Match
this
*
have
1945
of
of
International
receive
prompt
provided
substantially
sponsible
' X
portabl*
and
fans
Design
uses.
1945
income
oper.
Net
capital
to
for
prevailing
States
ry.
Net
this, as well as the
previous liquidating dividends.
J. Tucker, Jr., Treasurer, says:
"The company will make
reasonable effort to provide for the payment of this dividend
the
specialized
a
$303,299
103,175
36,102
railway
from
Gross
Hamilton,
Henry
on
Joy.
started
to industrial users.—V.
Oklahoma &
September—
from railway
respec¬
every
industrial
other
Gross
are
depositaries
seven
and
Kansas
exchanged for voting trust certificates for capital shares
of
International Match Realization Co.,
Ltd., but the dividend will
not
be
paid
until the exchange is made.
Holders
of
unexchanged
certificates of deposit should therefore surrender them
to the
tive
ventilating
mine
will now be available
design
Liquidating Dividend—
Unexchanged
bejrers
crtificates
of
trust
1945.
Realization
declared
trustees
committee
entitle
of
company
pleted just at the outset of the War.
Practically none were sold for
industrial
use
because the
entire output of these fans was taken
and the company still has substantial
by the United States Navy,
With
the ending of the War* fans of this
Navy. orders to fill.
Marion,
shares.
company
voting
9,
tective
have
capital
on
La-Del
From Jan. 1—
International
Bermuda—To Pay $4
per
the
'
Net
Caswell-Runyan
2016.
Division
La-Del
vine
blowers, as well as a line of shaker and other mine conveyors used'
where
geological conditions are unfavorable to the installation *f
Joy's larger and heavier mining equipment, particularly in anthracite
mines.
1
I naddition, La-Del manufactures a high pressure axial flow fan of
new
design which will have wide application in duet collecting, air
conditioning, refrigeration, forced and induced draft heating,
ship
companies.
Remy • L.
Hudson,
Executive
Vice-President
of
Utah,
becomes
a
Vice-President of International Detrola and
General Manager of the
Utah Rad;o Products division.
F.
S. McNeal, President and General
Manager of Universal Cooler, becomes a Vice-President of
Detrola
and General Manager of the
Universal Cooler division
G. Hamilton
Beasiey, Chairman of Utah's board and President of its
subsidiary,
C'aswei.-Runyan Co., becomes a Detrola director and assumes the
p.
.
,
confirmed
was
the
that
states
manufactures
ventilation
merger
company
the
series A,
Oct., 26 announced that an agree¬
with the stockholders
of La-Del
on
concluded
been
equipment business on Jan. 1, 1933, and ha# earned a profit
year since its inception.
Recently, net earnings for stockholders
all
charges have ranged between $200,000 and $300,000 per
year.
La-Del
Y.
Approve
Merger—
The
Just
Morrow
after
1,
Central
1890.
p.
Directors
—
President,
Morrow,
presently become
every
Industrial Finance
Corp.—Consolidation Ratified—
See
The
of
mining
York,
C'86.
p.
A.
has
Mr.
Redemption—
redemption
trustee,
Acquisition—
& Manufacturing Co., New Philadelphia, Ohio, unaer wmch
all of its capital
stock will be exchanged for 49,002 shares of Joy
stock and $274,950 cash.
In accordance with this plan that company
$44,173
on Jan. 1.
1946,
and refunding mortgage
gold bonds due
and interest.
Payment will be made at the
Bank
162,
called
first
102''2
Hanover
—V.
been
&
share, while shares taken by the underwriters were offered
For further details see V. 162, p. 1770 and 2017.
per
J.
1640.
Indiana Service Corp.—Partial
nor
a
13
Aug.
on
Lake St. John Power & Paper Co.,
the
debt;
funded
on
representing
Conveyor
will
There
during
paid
expenses
interest
discount
$10.50 per share.
ment
377,514
!$25,G23
_42,444
$35,789"
*$26,473
debt
Joy Manufacturing Co., Pittsburgh, Pa
40473
3,455
41.677
include
of
Net
2,990
$81,688"
$18,356"
charges
income
Walker
$9.75
842,324
$411,110
706,382
represents
not
does
Co., Pitman & Co. and T. J. Mtbleman & Co.
This
brought to 116,500 the number of shares subscribed for or purchased.
subscribed for by stockholders and employees were offered at
760,285
deductions
2149i
^
Shares
$2,014,639
$347,437
4,019
7
company
H.
74,967
*
income
fixed
G.
$78,698
83,393
statement
amortization
last registered 167,000 shares of common
stock (par $1) with the SEC. 'S Subsequently company offered the shares
for subscription to common stockholders and employees at $9.75 per
share.
Stockholders subscribed for 71,466 shares; 3,643 shares were
purchased by employees; 50,500 shares were withdrawn and 41,391
shares were placed by the underwriters, compos*# of D'Antonl & Co.,
98,828
_
Miscell.
The
1945—9 Mos.—1944
$237,058
include
Jefferson Lake Sulphur Co., Inc.—-Offering of Stock-^-
$1,357,673 $12,344,073 $12,275,666
1,120,615
10,529,969
10,261,027
58,137
':
-
''P*P;••'&■■
-•
provision
involving no cash disbursement.
However, provision for such items is
made on the books of the corporation in annual amount of $522,240
and $26,101, respectively.—V.
158r Ps578. {
,
"
,
'
6,469,255
3,203,874
above
indicated.: .1 It
it
$14,337
income-
eper.
7,230,744
Month—1944
revenues
NOTE—The
does
Earnings-
operating
Net
1942
H
l
Period End. Sept. 30—
Ry.
Ry
M
period
$973,905
86,391
Net
.
,
$691,996
8,493,104
3,347.005
Net
v
1943
„V
from
^
.-.
,
railway—
railway-
From Jan. 1—
Gross
.'•.■',' i/.,^V" v-';-;". .X- •'■•,•
■
1944
IV
from
railway™
from
railway
ry. oper. income—
Net
-
.
TP™;™
RR.—Earnings—
September— .«Mj
py.; >
Gross
'.-■".i:-.
;p>
THE COMMERCIAL & FINANCIAL CHRONICLE
x"
Pi!
:.'v-
■■
MM.:"'
^<%rr*»4~ -
„U;_
Lion Oil
'
Among purchases made by the corporation during the quarter were:
Lockheed
Engineers
Public Service
U.
on
Int.
other bonds____
on
Cash
divs.
attrib.
(excl.
$15,900
$13,863
22,309
26,299
28,433
39,883
594,352
640,147
634,881
secur._
12,113
9,862
468
from mineral int.._
45,440
34,#92
Prem.
on
in
Net
$679,911
$839,078
6,975
8,011
28,883
16,249
14.901
13,735
14,583
expenses—_
Fed. inc. tax.
92,114
95,235
91,901
68,051
t
45,000
ordinary income.
$574,326
Gross
tody of sees., legal &
auditing expenses
for
t
f
ment company and
ordinary Income.
intends
distribute
to
ry.
income—
oper.
162, p.
2,788,334
___
Operating
expenses
___
1,167,804
$3,295,672
206,498
334,133
249,500
32,994,782
10,198,349
26,000,047
7.410,903
2,332,884
3,753,929
Net
income
Federal
income
V,_ '
(
ASSETS—Cash
$770,164;
in
banks,
dividends
Government
Equip,
of the corporation^
quotations, or, in the
in the opinion of the
Jt.
Net
and
sold,
securities
for
accrued,
Interest
$305,335;
9,078,913
8,421,686
1.039,963
$778,989
$6,956,618
ZUd, 000
325,000
3,oU0,600
3.0y7,400
67,408
82,835
719,362
699,926
$259,243
$371,154
$2,736,156
71,553
35,390
609,652
$2,418,714
5'o6,I45
6,351
18,205
99,065
104,873
$34,651
LIABILITIES—Dividend
payable
for securities
purchased, $17,047; reserve for accrued expenses and taxes, $115,450;
capital stock ($1 part, $1,947,077; capital surplus, $80,712,982; shares
held in treasury (300 shares, at cost*, Dr$9,799; net realized loss on
investments and special dividends
paid
idebit*, $22,225,539; undis¬
tributed net ordinary income, $4,497,976; total, $65,639,227.—V.
162,
payable,
Gross
from
Net
ry.
Chase
agent,
Irving
Trust
National
Co.,
1
Bank,
11 Broad
St., New York.
Wall
the
of
St.,
York,
New
and
laces
of synthetic lastex yarns on
CAPITALIZATION—On
that
in
lieu
company's
($1
shares
stockholders
of
I.
for
*229,573
each
each
old
of
Each
capital stock consists of 350,000 shares of
share
shareholder
shares
standing.
19,
of
will
share
the
old
and
be
distributed
stock
common
1 /5376th
receive
and
common
stock
warrants
will
$100
also
of
common
of
stock
common
class
30,000
entitles
its
and
of
B
class
30,000
to
be
will
war¬
that
out¬
purchase
one
Share of common stock at $7 V»
issuance
the
on
authorized
but
exercise
unissued
SUMMARY
per share.
Company will reserve,
the
warrants, 30,000 shares from
of
FOR
CALENDAR
*«•;
v
.
Year-*-
1,438,085
1940:
L
/(:
,
•Includes
$68,105
$0.45
136,098
0.91
127,150
0.84
527,425
567,198
161,334
345,625
181,799
1.21
290,143
277,054
1,84
38,664
0.81
1944, $77,881;
tBaaed
standing.
rate
161,768
1.07
196,383
45,789
—....
150,594
1.00
taxes
a'.so
intends
of
sum
3V*%
date
to
borrow
$500,000
per
of
for
balance
payable
at
rate
Marks
stock
30.
elected
was
Chairman
Delos
Walker
Edwin
Chinlund
F.
of
of
coordination
on
elected
was
be
out¬
Chase National Bank, New
payable in 20 equal semi¬
1946, together with interest at
1,
20
47*
executed
was
of such excess.
the
stock
upon
the
of
Bronxville
Realty Corp. for
offering of the stock, the
installments, with interest
pubiic
equal) semi-annual
the
on
unpaid
principal
the
to
which
balance
or
thereof.
changes .in the capital structure of the
company
1944, to the borrowing of
$500,000, to the notes given
consideration for the purchase of the
Dec.
31,
partial
stock
Corp.
and
($1
par),
follows:
to
the
company
purchase
will
of
have
the
79,166
funded
a
of
shares
debt
and
•
Bronxville
of
He
Committee.
is
common
capitalization
to
Common
•In
stock
($1
addition
Sept.
1,
and
trade
President
Vice
relations for
civic
each
reelected
were
members
the stockholders
At
and
Treasurer,
the
of
for
holders of shares of
Mr.
for
Strauss in
as¬
continues
of the
goods*
high in
moment,
As
of
shortage
is
branch
Lasaile
of
of Davison
name
&
Koch
in
It,
Green,
in
Jamaica,
Long
Island,
for
by
growth and
of the
reason
volume of
of
its
150,000
150,000
350,000 shs.
five-year
to
and
229,573 shs.
including Aug. 31, 1950.
to
stockholders
dated
1950, each of which entitles the
expiration one share of common stock for
Sept. 19,
1945,
1, 1945,
and expiring
holder to purchase until its
Sept.
$7Vs per share.
agreement, certain of the selling stockholders
15,000 warrants to the
underwriters for 10 cents'
a
warrant.
Allen & Co. will
purchase 10,000 warrants and R.
H.
Johnson & Co. will purchase
5,000 warrants.
Company is informed
by the underwriters that they intend to
hold the warrants for invest--**
inent.
Company is
informed
by
the
stockholders
who /hold
the
remaining 15,000 warrants that they
presently intend to hold the
warrants for investment.
-
In
the
underwriting
agreed
to
Co.,
New
underwriters
York.—V.
162,
p,
are
R.
H.
&
Co.
and
1891.
_
company has called for redemption on
Dec. 29,
1945, all of
outstanding first mortgage 30-year 3'/4%
bonds, series C, due
May 1, 1969, at 105 V2 and interest.
Payment will be made
cago,
III.—V.
&
at
8avings
154,
p.
Bank,
657.
trustee,
115
West
it
be
now
can
will
in
its
resume
Government
determined, it is reasonable to assume
peacetime business about where it was
in
ranges
the
brought.
phonograph com¬
field which the war has
radio-electronics
the
expects to produce
radios
substantially all list-price
immediate
radio
and
to S450,
period having been from
ranges
prewar
from S17.95
provide a permanent home for the manufacture
receiving sets and equipment and an addi¬
PLANT—To
assembly
of
radio
the management of Majestic
plans for the construction
feet to cost between
$3
cost of gradini and
roadways to approximate $35,000 to $40,000, and an office building
of 22,000 square
feet at a cost of $6 to $7 per foot.
No general
contract
has
been let but a
contract has been made with Illinois
Hydraulic Stone & Construction Co. for foundation work at a cost
of $27,900 and with Joseph T. Ryerson & Sons, Inc., for furnishing
and erecting steel at the rate of $6 per 100 pounds.
It is
estimated that the cost of constructing and equipping the
above plant will not be in excess of $850,000 and that not in excess
of $350,000 of the proceeds of this issue will be used therefor, the
balance of not in excess of $500,000 to be obtained through a first
for the pressing of records,
determined upon and has preDared
tional
has
of
that
planned
plant
plant of 159,320 square
to which must be added
manufacturing
and $4 per foot,
a
Monroe
St.,
the
Chi¬
taxes
$0.96
The
to
resulting from the sale
H.
E.
Dodge, Treasurer states:
building)
*
,
much
During the nine months period the mine was operated with a1 crew
of normal because of the labor shortage.
Owing,
to this condition, the smelter is being operated intermittently.
The.
milling of zinc bearing ores was discontinued in July, 1945, and will
not be resumed until general conditions become more favorable.
The-
April
of approximately 60%
actual
5,119
tons
applicable
In
of
zinc
profits
under
produced.
•
to
''There
to
this
accordance
Magma
has
concentrates.
reported
the
above
Government
is
with
will
the
to
be
be
Plan
Price
that the
continued.
terms
of
to
its
on
premiums
contract
at
with
the
vendors,
options
to
purchase
all
of
the
authorized
capital
stock
of
the
new
before
1,
March
1946.
It
but will be completed not later thananticipated' that work will be comenced
plant is completed.
/'>•;
•
GIVING EFFECT TO PRESENT FINANCING "• *
1,
is
1946,
not
Outstdg.
'.yAuthorized
per
upon
at $5.50
1948—
preferred stock (par S5)__l
share expiring Sept. 25,
Convertible
exercise
•Including
of
outstanding
shares
options
reserved as follows:
$1,500,000
•2,000,000
1,$434,200
1,500,943,
50,000
50,000
share expiring Sept. 2, 1947
Warrants, to purchase, common stock
per
.:
formed the. San Manuel Copper Corp. to
property.
Magma now owns or holds-
31, 1945,
the plantthat such borplant. Present
indicate that completion of the plant (excluding the office
and equipping it for operations will not be accomplished
Regulation V-Loan under Revolving
Agreement for $2,000,000
Common stock (par ltf)
—______
Warrants, to purchase common stock at $5.75
rates
continue the development of the
of $100,000 at 5% to mature not later than Dec.
by a second or construction mortgage'on
the office building until the
J:
re¬
and zinc
the
Automatic Products Corp. has, subject
and Exchange Commission pursuant
Act of
1940, authorized a
loan to.
Credit
payments
copper
of
Company
Outstdg.
*
attributable
fully
assurance
no
period
caused
v
are
Premium
made.
directors
CAPITALIZATION
production of copper during the nine months period
12,881,520 pounds and there was produced and shipped
smelter
The
ceived
upon
it can obtain a minimum of 60%'
mortgage to be placed with an
definite arrangements or commit¬
a
no
management of Majestic is of the opinion
will not be necessary for the financing of the
estimates
1
.
,
that
upon
secured
the
owing
is approximately $254,28$.
this source
profit from
be
but
of
Investment
the
to
plant
although
approval of the Securities
Majestic
May $330,288 for Premium' Price Plan adjustments on its 1944 pro¬
duction.
After* deducting estimated Federal income taxes the net4
this
been
board
the
to
.
advised
been
of
company,
have
ments
the above profit, the company received in
In addition, to
of securities.
cost
insurance
$454,451
$1.11
408,000
the
of
1942
$479,291
$1.17
$164,728
$0.41
t$392,503
__
share
per
has
Majestic
1943
1944
1945
shares of capital stock, par $10.
^Includes a non-recurring profit of $20,058
•On
,
its
Trust
inc.
Federal
amounted
Johnson
Lincoln Telephone &
Telegraph Co.—Bonds Called—
The
Harris
the
$300.
to
NEW
and
-Earnings—
Sept. 30—
after chgs. &
•Earnings
sell
UNDERWRITERS—The
Allen &
Net
.
distributed
warrants,
Aug., 31.
have
Magma Copper Co
9 Mos. End.
outstanding 30,000 five-year warrants dated
entitling the holder to purchase, one share of
up
from
management
in
price
SK.95
•
has
Bamberger's
contracts
held
Majestic
April first.
as
Majestic
major improvements long
deferred by reason of the war which will fortify that store's com¬
manding position in northern New Jersey.
Essential improvements
are called for in the central establishment of Lasaile & Koch as well.
In the main, establishment of Macy's New York, we have scheduled
major improvements of a considerable nature, plans for which are
Well developed."-—V. 162, p. 2018.
Newark,
far
binations
'
"In
management
1945,
Majestic
knowledge
the
store.
(
has not experienced any losses
processed parts for terminated
knows of no reason to expect such
in June, 1942.
Changes in the nature of -its production,
to give effect to trends in popular
demand, as for example possible
increased
emphasis
on
television and frequency modulation may
occur,
and
benefits may be derived
from the rapid advances in
already been broken.
In addition, we have acquired property in White
Plains, N% Y., for a Westchester branch of Macy's.
Our Parkchester
branch, which is no longer a fledging, is doing very well indeed.
"We contemplate in Atlanta a
ten-story addition to the central
plant of that Georgia institution.
This improvement comes about
under the
terms of our lease with our Atlanta landlord.
Such im¬
provement is called
December will be materially less
civilian production will be effected
interrupted
establishment of Macy's
Y.
Ground for this has
N.
loss
that
September
and
to
BUSINESS—The
before
or
So
that
operations are doing very well.
this, we announced the planned
York
New
as
aggregate of $476,869.
an
on
well as the Augusta
We also established
Ohio.
All of these
as
Paxon.
Bowling
of Ma¬
of Majestic expects to
commence civilian radio receiving set production during the last week
in October
and to increase such production weekly until the end of
the
current
year
when,
it
is anticipated, complete conversion to
peacetime operations will have taken place. Majestic will have unprofit¬
able operations for the months of September, October and November and •
December while converting from War Business and in the event that
the remaining Government contracts are cancelled the amount of such
losses will be materially increased.
It is anticipated that operations
of
Majestic Records, Inc.,
will show profits after the month of
October.
It is anticipated that* assembly operations will continue in:
the leased
plant at St. Charles at least until June, 1946, although
it
is anticipated that
the new plant in Elgin will be in operation
supply
the
bears
now
branch
the same
substantially
be
conversion
the
11,
POST-WAR
any
purchase of the Union Dry Goods Co.
branch,
and
Oct.
At
beginning to appear.
Unsettled wage and
predictions with regard to the time and
uncertain.
With regard to textiles, I
doubt if short of the first of the year there will be any evident turn
toward a greatly increased supply.
Our sales, however, generally con¬
tinue at a high level.
"In the course of the year we
have embarked upon a number of
expansion and developmental moves which have undoubtedly been of
great interest to you.
Most recent and important was the acquisition
of O'Connor, Moffatt & Co. of San Francisco.
We also acquired an
additional branch in Macon, Ga., for the Davison Paxon Co. through
make
substantial
of
complete
arising
demand/are
conditions
quantity
considerable portion
end of this year.
Majestic
from inventories of partially
contracts
in
acute
as
will
November
in
losses
that
for
goods
a
losses.
the
the
of
termination
October
in
that
the
by
the granting of voting rights to the
stock.
stockholders, said: "The demand
all of the communities in which we
to
up
three-quarters
protected by a
is
of' the
result
a
and
too,
comment
convertible
is
into
1945.
and
adopted
system
stock
rate
operations
Macy's preferred
his
long deferred
are
$7Vs
29 of
$20,000 in August and such operations in September showed a
of approximately $15,000.
The management of Majestic expects
committee.
executive
the employes retirement
was approved.
meeting
by the board of directors
sThe stockholders approved,
$500,000
__
Stock
ship¬
the
the Treasurership" functions vacated by Mr. Ruml.
Mr. Chin¬
lund, has been a Vice President specializing on control functions.
Richard Weil, Jr. was reelected Vice President of the corporation to
which post he was recently elected
after his retirement from the
army.
Mr. Weil was formerly President of Bamberger's, the Newark
subsidiary.
In resuming his function as a member of the Executive
Committee of the
corporation, he is concentrating on general mer¬
chandise problems.
All the foregoing officers and Donald Kirk David
Outstanding
$500,000
Bank
_.
WARRANTS—Company
30,000
Natl,
par)________
there
1945,
stock
common
Chase
notes—
$479,974
mortgage.
Authorized
note
promissory
142,914
$48,449
1642.
p.
new
As
.
4%
136,161
451,593
$1,725,850
1,255,876
jestic's Government orders with a corresponding reduction in
ments, profits of the company itself were reduced to approximately
.
Promissory
$517,486
'
$15,764
etc.
redemption
31,
to
merchandising activities of the
Vice President and Secre¬
reelected
public,
on
Executive
the
the
was
suming
a
to
Oct.
on
President and Chief Executive Officer of
reelected
tary and will concentrate
corporation, *
the
$41,102;
1945, provides for additional
amortization in
earnings of the company exceed
$100,000 per year,
in
of
Giving effect
stock
mos.),
$lol,402.
13,
then to the extent of 20%
Realty
(6
years,
The loan agreement,
annum.
net
Company will purchase
$175,000, payable $25,000
since
1945
1,10
from
10
beginning Jan.
Sept.
the
event
the
follows:
as
directors
of
was
"Beyond
installments
ot
and
122,719
165,621
34,863
profits
board
concentrate
*
the
Under
35,555
196,631
1943, $37,727; 1942, $266,287; 1941,
the
150,407 shares of new common
on
Company
York,
annual
201,176
excess
and
Beardsley Ruml, present Treasurer, was elected Chair¬
of the Boardwith principal assign inent to policy matters.
Edwin
price
1,183,667
1938
1937
as
per
Com. Sh.
$31,701
159,335
116,853
1.179,476
1939___
as
After
244,003
1,978,305
1,133,353
1,203,319
tEarned
Fed. Taxes
295,434
1,450,706
1,778,282
—
16,375,366
categories as it has been at any time during the war, notably in
textiles.
In durable goods, the first signs of production to meet the
Taxes
$149,806
120,761,816
48,269,071
19,677,252
many
""Federal
Taxes
$791,156
194l_____„_..
the
Federal
Net Sales
1943
the
YEARS
Net
155,619,035
68,551,616
18,609,030
1642.
p.
operate.
EARNINGS
62,11.9,223
18,331,480
income
*corporation.
fpr
shares.
OF
Net Before
1945 (6 mos.}
1944
B
so
stock,
warrants
holder
the
to
160,343,653
51,443,636
rakway
oper.
162,
man
•
new
153,897.852
railway
Jack I. Straus
.
par).
the
for
Each
1942
162, p. 2018.
decrease of 30.3 71.—V.
a
the corporation.
lace machines.
Sept.
ry.
holders
the
entire authorized
stock
stock.
:
(Ky.)—Weekly Output
the week ended Oct. 27, 1945,
with 34,259,000 kwh. for the
compared
as
A realignment
of administrative functions of the officers of this
corporation was announced following the annual meeting of the stock¬
1945, company was recapitalized.
5,000 shares (par $100) common stock out¬
shares (par $100) class B stock outstanding, the
of
standing and 376Vn
common
;
Co.
for
company
(R. IL) Macy & Co., Inc.—Changes in Personnel—Fur¬
nettings, used primarily in the
dress, underwear and millinery trades.
It Is now engaged in the
manufacture and sale of netting made with rayon and cotton
yarns.,
and
recently resumed the production of netting made of synthetic
elastic yarns,
Company also makes, at this time, considerable quan¬
tities of veilings and netting for hair nets and some elastic laces made
rants
SI,727,696
$2,027,439
.
ther Expansion Planned—
AND
manufacture
from
—V.
HISTORY—Company was originally incorporated in
1910 in New York as the Liberty Lace & Netting Works.
At the outset
the company manufactured
principally veilings of silk fibre.
This
activity continued for approximately 10 years, when the veiling busi¬
ness slumped due to a
change in styles.
Company then concentrated
42.7
income
oper.
Net
financing.
new
$1,828,399
1,310,913
74,158
$191,363
196,911
to the 16th day before the date
of one share of common.
Thus "
dilution clause providing for an
adjustment in the event of the issuance of additional common shares,
or
other actions which would adversely affect the conversion right.
The stock is callable, in whole or part, at $5.50 per share.
HISTORY. AND BUSINESS—Corporation was incorporated in Dela¬
ware
Sept. 23, 1936, and acquired all of the right, title and interest
formerly of Grigsby-Grunow Co. in and to the trademarks, "Majestic""
and
"Mighty
Monarch of the Air"
and other trademarks, trade
names,
copyright, patents and patent applications.
Corporation was '
reorganized in October, 1939.
Since
1937, Majestic has manufactured all its radios, its
manu¬
facturing operations being relatively simple, consisting primarily of
the assembly of parts produced by others to its specifications.
Thus
condensers, coils, speakers,
transformers, tubes, resistors and other *'
parts and cabinets are purchased from other companies many of
which also supply such parts to other radio set manufacturers.
:<
From June,
1942, when manufacture of all civilian radio receiving
sets was halted by Government order, to the unconditional surrender
of Japan in August,
1945, all operations of Majestic were for the •
U.
S.
Government on direct
contracts or as sub-contractor, such
operations consisting, except for crystal manufacture, as in its peace¬
time business ' principally of the assembly of parts produced by others
to
Majestic'sj specifications or to Government specifications.
Government officials
have agreed to accept payment of $62,500
less applicable tax credits of $25,000 in full settlement of all liabilities
of Majestic for Government work for the year ended May 31,
1944.
Based upon the formula used by the Renegotiation Board in deter¬
mining the amount of excess profit as defined by the Renegotiation.
Act
for the
year
ended May 31, 1944, no reserve is required for
the
year
ended May 31, 1945, or for the two months ended July '
1944
1943
1942
1945
$13,861,744 817,269,002 $17,353,382 $15,331,921
6,521,408
7,104,238
6,862,00.9
2,344,558
1,970,519
2,040,487
2,993,392
1,396,397
railway
from
Net
The stock is issued
outstanding and does not represent
•BUSINESS
£0
the
kwh.,
" '
railway.-—
from
Net
Co., New York, on Oct. 30 offered at
share 100,407 shares of common stock (par $1).
Registrar,
on
$267,559
Electric
&
output'of
September-*t
Liberty Fabrics of New York, Inc.—Stock Outstanding
Transfer
$1,376,806
74,875
int.,
conversion
From Jan. 1—
per
$1,328,529
407,321
follows:
The
of
Louisville & Nashville RR. —Earnings—
—R. H. Johnson &
and
$131,339
income.
corresponding week last year,
$584,033;
The issue has been oversubscribed.
$117,205
$151,925
income
162,
data
1642.
p.
23,893,000
Gross
$7Vs
-•
Dr>_
(net
oper.
ry
162,
totaled
1891.
P.
income
(net Dr).
rents
Electric
cost*,
average
$77,050
of 300,000 shares of 5Vz% cumulative con¬
vertible preferred stock (par $5) on Oct. 26 by Kobbe*
Gearhart & Co., Inc., and Newburger & Hano at $5 per
share.
The offering has been oversubscribed.
Further ■>
$6,216,040
taxes-
Louisville Gas
.
U.. S.
$4,500,000;
other secur¬
ities
(at
average cost*,
$56,038,530; miscellaneous investments
and
advances, $725,776; real estate investment, $1; total, $65,639,227.
(at
21,538
Majestic Radio & Television Corp—Preferred
Offered—Mention was made in our issue of Oct.
$1,318,952 515,378,304 $15,294,953
731,393
oper.
rents
fac,
—V.
receivable
$3,299,421;
receivable
obligations
Z)rli)2,639
25,167
Dr207,793
203,437
income
-V.
BALANCE SHEET, SEPT. 30, 1945
.
$3,168,279
1,428,320
Crl33
income
Rentals,
1945—9 Mos.—1944
1945—Month—1944
51,266,045
accruals
tax
Railway
thereon*
tax
based on market
absence of market quotations, on fair value
directors, was approximately $6,624,396.
$350,679
212,069
$138,392
income-
oper.
ry.
Gross
Co.—Earnings—
$3,916,622
2.240,266
3,155
Dr33 020
Equipment rents
Jt. facil, rents (Br*
1642.
5
Other
allowance for Federal
on
Sept. 30, 1945,
1,487,302
revenues__
oper.
the offering
profit on investments for the three months
ended Sept. 30, 1945. was $1,246,429.
Tne net unrealized appreciation
(after an allowance for certain State and other taxes but without
assets
1945- -Month—1944
$1,625,694 $1,748,468
30—
revenues
NOTE—The net realized
any
Earnings—
1945—9 Mos—1944
$15,741,512 $15,017,17E
1.397,789 12,573,233 11,100,554:
Central RR.—September
Maine
Period End. Sept.
Other
Railway oper. revenues.
Railway oper. expenses.
all of its net
substantially
$3,911,354
34,564,760
9,025,113
2,485,606
149,970
34,896,957
9,630,774
Louisiana & Arkansas Ry.
$493,154
$544,545
$610,069
1942
$3,964,252
1,074,751
276,810
958,75*4
Period End. Sept. 30—
Net
1943
may
162,
•
Operating
Net
■■■$■ tNo provision has been made for Federal income tax on net ordinary
Income as corporation has elected to be taxed as a regulated invest¬
*
>
Taxes
1944
$3,783,447
sailway
railway
from
—V.
Other pper.
railway.
from
Net
Registration, trans., cus-
Prov,
from
Net
_
461.
p.
Net'
1945
from
11,624
taxes.
*
From Jan, 1—
franchise, cap.
misc.
1642.
p.
railway
Let ry. oper; income
$727,100
for
stk. and
;
162,
Gross
2,255
$688,316
Prov.
on
September—
~
loaned.
secur,
wells
Long: Island RR.- -Earnings—
5,642
owned
inc.
—V,
amts.
583,648
Taxable divs.
oil
26
Two of the completions were in the Simpson Sand,
the Viola Lime and one in the Arbuckle Lime.
The field was
discovered by Lion
in 1943 and contains four different producing
horizons.
The company has seven other wells drilling in this fie»d.
$9,905
-
four
that this company has just recently
Its leases in
the Chit wood Pool Pratt
Oct.
op
in
one
1942
to
corp.'s stk.
during period*
corporation except such shares as the vendors have received or
be entitled
to
receive under the terms of the agreement.—-V.
Co.—Completes Four New Wells—
announced
completed
1943
1944
$14,097
obligations
was
County, Kansas.
30
MONTHS ENDED SEPT.
1945
Govt.
8.
It
common.
EARNINGS THREE
Interest
Power "A" and
Aircraft^ Sharp & Dohme, Northern States
5, X945
Monday, November
CHRONICLE!'.
THE COMMERCIAL & FINANCIAL
mo
and
15,000
300,000
subscription
§
None
300,000
agreement;
105,166 shares for issuance
Volume 162
.
Number 4435
?
THE COMMERCIAL & FINANCIAL CHRONICLE
50.0CQ, shares for issuance upon -exercise of warrants and r.225,0004
shares for
issuance, upon" conversion of 300,000 shares of convertible
preferred Stock.
;*
rA
■
•
NOTE—Majestic will have, not In
following: the construction of,
and
of
excess
placing
$500;000,
funded
mortgage
a
PURPOSE—The
$350,Col)
ot
tion
a
be
applied
new
plant
the
offered
and
working capital.
.
the
receive
the
'In
-
partial
Elgin,
and
;
of
payment
HI.,
sale
balance,
$1,275,000)
in
not
of
the
entire
event
intention
of
of
Majestic
struction
of
the
but
some
to
estimated
not
all
of
the
shares
the
proceeds
of
the
issuance
in
partial
father,
for
preferred
the
plant referred
to
above
•working capital,, in such order, and will be
the amount realized
by Majestic.
UNDERWRITERS—Kobbe,
Gearhart
&
Hano.
J.
Ginsburg
A.-
•
been
Ginsburg,• who
AGENTS
convertible
2
transfer
AND
preferred
Co.,
Inc.,
Co.,
Co.,
15
York
New
Exchange
Place,
above.
!
«.'
■:
4
;
is
it,
the
firstly,
shares
of
cost
the
for
Secretary,
transfer
are
the
N.
Y.;
City
2,
6,
Jersey
remain
STATEMENT, YEARS ENDED
MAY
; Gross from
Treasurer.?—V.- 156,
as
redemption
Nov.
on
24,
agents
J.,
for
railway
'
'
1944
171,268,583
"Net
from railway—
.'Net ry. oper. Income
—V. 162, p. 1643.
:V
Properties
1943
1942
•
160,516,772 124,362,994
61,861,791
76,464,265
30,682,970
35,832,237
175,075,041
74,723,301
68,504,070
23,764,070
25,606,119
To
—
next, of all of the $2,965,000
bonds at 102% and accrued
Mojud Hosiery Co., Inc.—Listing of Common Stock—
■%
The New York Stock Exchange has authorized the listing of 265,212
^shares
of
common-stock
(par $2.50), all of
which
are
and out-
issued
.^standing, fee:;''v..''
*
-
>,
CONSOLIDATED
INCOME
STATEMENT
June
Gross
preliminary step to dissolution of the
2018.
•,•«.■/.
,,,
'■$■■■;■
162, p.
a
>
.
sales
less
returns
Cost
1944
$3,158,052
I
of salea/
■■VI
.
I'
.1,867,335
Selling expenses^-,
; Administrative expenses—
Depreciation and amortization——
and
Retirement of
Preferred
stockholders
proposal
will
increase
to
to $3,000,000.
1 If "this
proposal
the
-
the
New
York,
'.Vice-President,
•
the
at
special
a
outstanding
meeting
14
on
a
$1,500,000
1
•
;
it
is
the
intention
of
share-for-share basis.
a
Brady also stated that the company
Feb.
1, 1946, r the $1,000,000 •> outstanding
p. 434."
:
■
;
*
.the
directors
r o
Total
declare
to
will
redeem
$950,895
14,920
preferred " stock.—-V.
$1,843,509
-—
deductions
160,
normal
Federal
on
excess
and
surtax
profits tax_
211,122
'
.
$1,498,418
28,717
38,105
$1,527,136
55,600 ii.y, 190,888
30,576
18,257.
260,621
130,311
taxes
Federal
retire
and
$1,805,404
$965,815
;
:
-
income..,!
other
Stat® Income
83,394
193,455
^
—
406,787
-
"
income-
Total
4,209,351
465,606
88,089
'
Gross profit-—
Other'
"
80,271
„
by the stockholders and approved by
Department, Walter. F.- Brady, Executive
Mr.
31
-
adopted
insurance
on
from
-
212,117
47,434
•
Jan.
on
stock
common
"
is
states,
stock dividend
a
vote
Stock-—
$6,409,073
v
•
•Dividend
1943
$6,769,985
4,217,432
30,'45
allow-
and
ances
,
.
,
-Calendar Years—
6 Mos. End.
,
redemption 4s
company.—See. V.
for
and
1945
.
,
The call
■con¬
Registrar and
the Registrar
N.
Net ry.
his
succeeding
•
'
the
!
$17,596,511 $19,756,649. $19,281,796 $17,204,902
railway
5,983,791
8,706,892
8,591,713
7,892,268
oper. income—
2,337,275
3,302,853
3,051,166
4,821,323
from
From Jan. 1—
elected
will
RR.—Earnings—
•
railway
(
Newburger
and
Net
from
!
•"
September—
-Gross
.
.Continental Illinois National Bank & Trust
Co., Chicago, and the regis¬
trars for such stock are
the Manufacturers Trust Co., New York, and
City National Bank & Trust Co., Chicago.
"
INCOME
.
Merchants Fire" Assurance Corp. of N. Y.—Plans Stock
stocks
common
Street,
\ *
Missouri Pacific
—
162,
.■outstanding secured sinking fund 4Va%
interest, were
made
available
through the sale of the company's
properties located at 33 West 42nd Street and at 181st Street and
Sfr. Nicholas Ave./both in New-York.
The company
has outstanding 44,580 shares of capital stock of
?$1 par value.
'
'
1
and,
thirdly, added to
so
applied regardless of♦
REGISTRAR—The
and
Rector
amortization,—V.
inc.—Sells
Mercantile. Properties,
The
TRANSFER
less
Glass Insurance Co.*--New Sec.—
has
-
Transfer
and
cost
Dissolve—
added
it
by
the
flAt
'
;
Louis
Funds
of
sale
of
i.
ex¬
stock
be
sold
received
and
payment
1944.
construc¬
$15,000
are
of $119,050 In 1945 and $119,325 In
depreciation and depletion of $3,431,001 in
for
in
t,
Samuel
2151
doubtful accounts
reserves
$3,060,254
of
excess
of
SAfter
Massachusetts' Plate
r
Automatic
proceeds set- forth
apply
expenses
secondly,
the
of
excess
convertible
and
•p*: 177-1.
plant.
in
cost
the
a
i,he
upon,
than $900,000 to
-w1.- '-ny., *.•'
not" less
.
amount
that
in
payment of the
offered
hereby;
&
not
•
debt
underwriter has-made no firm commitment to take down
to pay for
any of the shares offered liereby, Majestic may not
'
and
at
the
(estimated
in
issuance
of
penses
now
to
will
proceeds
1944.
1945
j
■
plant under*construction in
Elgin, 111/
It is possible
that Majestic
may
borrow $100,000 from
Products Corp. to
help finance the construction of a new
new
allowances and
iv
;
162,626
24,660
258,619
863,565
588,657
$497,858
$492,573
493,911
.
■=■1945
Gross
sales,
counts,
Cost
of
less
tl945
tl944
etc.
Merchants
$7,140,026
goods
$6,981,891
$3,371,413
6,002,095
5,877,265
2,749,108
1,226,651
sold_
711,653
622,540
332,435
Cr830
156
$426,278
$482,086
$290,702
$245,342
45,704
44,319
28,270
18,316
$526,405
$318,971
$263,658
.
bad"
(net)
*•
T"
income
Total
Other
income
$471,981
deductions
Normal
Net
inc.
&
.
52.018
45,389
46,362
181,500
surtax
income
■'Company
120,460
debts
Operating profit
Other
181,350
1945
1944
1943
1942
$267,465
Net
income
$310,342
$324,310
$188,046
taxes
103,223
'Net inc.
from oper
Net gain on other" profit
and loss transactions
62,871
49,714
Dr56,203
credits
jDrl,364
279,278
4,082
$101,859
$34^149
$53,796
—.
for
Federal
income & excess prof¬
subsidiaries.
$299,666
26,980
-V.
$236,678
2018.
p.
but
40,672
77,626
$61,187
depreciation
before
Federal
nounced
Oct. 25
shares of
that
The
they have placed privately 43,752
(no par) at approximately $19
1394.
p.
and
and
746,177
due
$34,171
War Shipping
$503,430
M.
P.
McCuilogh,
in part:
Net profit
for
President,
in
the
annual
report
to
U.
162,
stockholders,
the
amounted
ended
year
to
Aug.
$1,474,632.
31,
This
1945,
carried
to
earned
after
deducting provision
$2,435,000 for Federal income and excess-profits taxes, $215,000
State income taxes, $55,000 provision
for adjustment of war
contracts, and $470,1823 for depreciation of plant and equipment, and
was
of
amortization
1945,
after
35,000
of
patents.
deduction of
shares
compared
of
with
4%%
Such
profit
$157,500 for
preferred
profit,
a
after
for
the
S.
National
162,
p.
Bank
of
Jersey City has been appointed
deduction
of
preferred
stock
disbursing
agent
for
the
common
stock,
$1
Other
As
the-outstanding
4%- serial
debentures
:
to
the
adjustment
of
contracts,
war
$350,000
this
made
we
provision
•from
prior
ment
deems
is
in
early
and
years
that
■adequate to
provision
of
cover, the
In
prospect.
of
Other
Gross
has
view
•
$344,532
516,030
and
settlement
of
well
other
than
Now
tax
the
in
within
the
of
have
totaled $5,984,759.
investment—
sales
Profit
before
Income
Net
.
tax
Gross
Earns,
from
$1,173,585
$1,256,244
157,500
157,500
157,500
600,000
569,605
674,013
$1,616,806
158,375
674,013
$446,480
$424,731
$1.69
$2.04
provision
SHEET,
AUG.
banks
and
refund
of
Federal
from
ry.
from
ry.
(par $2.50)-*-—.
2,086,542
Total
ry.
1,568,424
445,805
Net
149,895
138,047
Net
803,331
195,693
4,890,656
118,246
Accrued
taxes,
i
income
other
and
State
'Provisions
for
Federal
payable on
Reserve." for
Preferred
stock
stock,
,600,000
and
(par
income
common
par
$100
4.900,329
30,44J
1,311,976
629,148
497,070
230,907
75,000
—
3,340.415
6,160,506
Earned. surplus
3,340.415
6,877,638
54,760
27,191
3,508
20,902
1,886,821
515,216
1,631;337
1,220,226
231,296
279,426
185,178
23,023
48;513
'30,425
'310,123
162,
p.
"
1943
Net
$370,146
$283,060
167,425
75,614
-137,078
$309,278
175,189
44,255
67,306
2,354,154
1,069,179
2,399,093
125,108
34,193
railway—
2,671,424
1,141,232
325,740
2,532,404
1,022,853
.
1945
-
from railway
397,694 J
-
318,975
1,251,385
537*346
-
railway--—
Net ry. oper. income—
1944
1943
1942
K
From Jan. 1—
Total'——
"After
Interest)
tax
deducting
of
notes
$16,020,732 $15,673,347
U.
$2,001,200
deducted
S. Treasury notes
series
in 1945 and $2,001,000 in
from
provision
for
i
<•.
•_
s
l/.-»i
1944.
+After
taxes.
■<
accrued"
(including
c
VI."
-i
tOther
than
reserves
»
for
i.y. t
-Jill'
Gross
Net
ry.
—V.
f
oper.
162, p.
•
i
i-
income—
2018.
the
United
Bezanson
when
Board.
said,
the
acute shortage
under allocation
more
a
product
was
supplies
Limited
are
necessarily
now
the basis of pre-war consumption.
against
to manufacture synthetic caffeine,
future
natural
on
shortages
and
,
However,
sources.
made in
was
our
issue of Oct. 29 of the offer*
■
_
.
.
..
privately to three insurance companies
(see below);
Transfer
"
agent
,
and
registrar,
Northwestern
National
Bank
„
of
Minneapolis.
is a public utility operating^ company carrying
public utility business in Montana, North Dakota,
Wyoming and an electric public utility business m
Montana,
North Dakota
and South Dakota.
Company was inc£*"pted March 14, 1924, in Delaware as Minnesota Northern Power CO.
and until 1935 was principally a. public utility
holding company.
In
1935 the company changed its name to Montana-Dakota Uti.ities Co.
and became an operating public utility company.
Company is not h°w
COMPANY—Company
cn
a
;sSatM
natural
$5,196,050
1,546,933
356,650
3,103,127
1,381,859
67,619,601
62,106,436
'56,615,703
39,120,901
Coal
22,890,810
19,640,080
16,175,556
11,668,840
hold various
5,524,075
4,834,784
6,083,563
6,303,436
a
gas
Dakota
$7,099,192
and
public utility holding company
with
any
public
utility
holding
and is not controlled by or ^fil ated
or any other public utility
company
814,825
C°T^e "company
.
railway
railway..—
from
Mr.
than
'
2,375,726
.
from
Net
free
$3,500,000 first mortgage bonds 3% series due Sept. 1,
1970. Proceeds were used toward payment of bank loan
$7,171,703
>
to
Sells Debentures Privately—Company on Oct. 25 is¬
1,404,064
471,608
*'
f
on
$5,883,184
from
ahead
foreseen
Production
details follow:
1942
1944
intention
ing of 223,351 4/6 shares of common stock (par $5) on
Oct. 26 by Blyth & Co., Inc., and Merrill Lynch, Pierce,
Fenner & Beane and associates at $11.50 per share. Other
1,504
RR.—Earnings— 7""
$314,209
oper.
is
sued and sold
1945
income—
September—
months
War
—Mention
1643
Illinois
its
and
Montana-Dakota Utilities Co.—Common Stock Offered
1942
$163,696
railway.
income—
162, p. 1643.
' '
iy.
Gross
...
1943
$174,860
Missouri-Kansas-Texas RR.—Earnings—
75,000
3,500,000
(outstanding
1944
$231,713
disclosed
on
new
aircraft lacquer that assures greatly improved safety In
airplane operation by reducing fire hazards in lacquered surfaces was
announced on Oct. 23 by this company.
Skylac, the new Monsanto finish, was developed for use on fabriccovered exterior control and plane surfaces and on interior decora¬
tive areas.
It combined Increased weather resistance, high tautening
effect and ease of application with high fire resistance.
Skylac is now in commercial production at the company's Everett,
Mass., plant.—V. 162, p. 2018.
-Earnings-
$144,872
1,721,828
1,191)274
New Aircraft Lacquer Announced—
287,763
16,790
3,127,293
1,162,262
2,607,401
971,343
A
449,479
284,796
.
122,042
5,299,173
5,039,877
2,807,971
he added,
eliminates the need
production will' be
continued indefintely by the present process to the extent that raw
materials are available at economic prices.
;
7
1,173,976
487,830
'39,633
from
Net
189,375
3,500,000
compen.
from
Net
1,143,699
189,375
oper.
the
gives 'insurance
for dependency
1942
1943
30,567
'15,900
137,666
5,049,506
822,537
The company's decision
6,573,558
1945
railway
railway—
from
ry.
—V.
2,174,709
,
each)
value
1,720,068
1,645,108
—
from
Gross
78,630
taxes
—
stocks—.,—
(workmen's
value
without
shares)
State
war contracts
and
self-insurance
22,922,624
From Jan. 1—
181.908
23,883
pfd.
19,980,177
3,721,709
203,965
from railwayfrom, railway
oper. income.
Net
,
170,727
accruals
i_'and adjustment of
Common
Federal
the
In
55,398
railway
income
Missouri
108,613
taxes
Miscellaneous
Divs.
than
caffeine
by
103,242
Arkansas Ry.-
income...
company Oct. 23
dependency
of.
64,646
,
335,513
-
1643.
from
580,643
1.491,163
September—
$178,069
—120,743
commissions
&
railway
:
facility .would be built in St. Louis, Mo., and that it would
utilize an (improved process whereby the synthetic material is derived,
from nitrogen (air) and hydrogen (water).
-
1643.
p.
1942
$570,963
323,848
.duction
»
68,160
—
1
-
$571,758
-
226,706
48,08$
4,536,552
2,210,106
through construction
1,017,415
1944
railway
p.
$2,898,122
—
1943
1944
$503,8$1
83,151
railway
62,964
-
1945
,
foreign-produced natural sources of caf¬
operation of what will be the world's
■first large-scale plant for the manufacture of synthetic caffeine.
: :
Osborne Bezanson, Vice
President and General Manager of
the
company's Organic Chemicals Division, said that a $1,500,000 profeine
$191,371
income
♦Deficit.—V.
.
i
The
States
1893.
$155,310
oper.
Net
$265,374
and
$4,143,195
Monsanto Chemical Co/-*-To Build World's First
$174,416
ry.
Gross
payable
payroll
663,030
1,798,304
Scale Plant for Manufacture of Synthetic Caffeine—
From Jan. 1—
LIABILITIES—
Accrued
1,473,400
663,030
-
213,744
41,065
13,278
Gross
144,215
1,473*400
$50).—.
.......
income—
oper.
162,
523,425
1945
railway——
from
979,146
$16,020,732 $15,673,347
Accounts
ry.
—V,
419,705
$161,422
railway.
from
Net
1,916,830
;
from
Net
1,076,668
•
distributed
income
Missouri
Advances
5,022,017
776
18,372
i
$465,890
'232,910
oper.
1944
-
—
railway:
railway
oper.
Net
<
181
815
subsidiary-
From Jan.
1643.
p.
162,
Gross
Inventories, priced at cost Or market, whichever
on wood purchases
(secured by pledge
pulpwood, etc.) —
Prepaid insurance, travel advances, etc..:
Investments, advances, "etc
SPlant and equipment, at cost
^
1 Patents, patent applications and trade-marks_
in
railway—..
railway./
$3,143,984
.
income
railway
September—
245,175
of
stockholder
from
from
1945
operating
oper.
Net
2,575,000
2,311,174
173,303
524
$4,256,784
Gross from
,
railway
Gross ,from
$3,409,759
2,575,000
at cost-
profits taxes
$15,830
147,692
.....—
_■
'
57,869
37,817
1945
^Receivables
;
279,690
:
from
Net
—V.
$2,119,124
excess
162,
Net
31
hand
on
•JObligation of the U. S. Government,
■
177,840
—
Net
1944
$48,177:
trade
liabilities
stock
Net
September—
of war contracts.
ASSETS—
in
1,364,917
554,279
railway-——.:-———
from
Gross
S2.70
for adjustment
'24,163
$4,143,195
160, p. 2075.
Net ry.
$127,801
•
Mississippi Central RR.—Earnings—
$784,418
$2.20
BALANCE
Postwar
399,419
"5,904
From Jan. 1—
$717,132
share__
"
Cash
.1,261,772
426;836
215,048
from railway
railway operating income
—V,
'4,558,000
$1,474,632
com.
'Includes
•
$141,689
38,780
Dealer's discount 75c.—V.162, p.
railway
Net
1942
' 4,834,000
surplus
per
1643.
from
Net
Net
1943
'3,152,000
dividends
Balance
,
45,591
23,074
1,308,652.
income—
oper.
Net
YEARS
1944
2,705,000
dividends
Common
$143,108
Net
From Jan. 1—
CALENDAR
92,021
.
payable,
liabilities
September—•
'1942
1943
September—
$17,530,589 $17,596,848 $18,763,939 $17,044,152
4,179,632
4,325,585
6,0.90,244
6,174,806
taxes
provision-
profit
Preferred
1944
19,619
—
share.
Gross
1945
24,925
•
1,327,736
28,044
56,974
current
Gross
Minneapolis St. Paul & Sault Ste. Marie RR.—Earns.
problem.
FOR
130,904
23,675
1,252,390
Total
-V.
alphabetical
being
RESULTS
"Net
near
31,717
railway.—
railway
162, p.
per
1945,
are
reconversion
no
as
Minneapolis-Honeywell Regulator Co.—Secondary Of¬
fering-— A. secondary distribution was made Oct. 26 by
Paine, Webber, Jackson & Curtis and Hornblower &
W&eks-, of 22,000 shares of common stock (par $3) at $53
woods.
We
always
$133,553
from
ry,
—V.
pricing negotiations,
the manage¬
provision of $55,000 for 1945 will be
estimated
notes,
fail
war
are
1945
railway—*
railway
J
from
Net
the priorities and controls which prevailed
lifted and we expect before long to be
operating on an unrestricted basis.
Orders for former peacetime use
-are already flowing
in from those so long denied our materials.
The
directors recently approved an outlay of over $1,000,000 for further
manufacturing facilities at our Laurel, Miss, plant, which will make
possible a substantial increase in the production of Masonite Presd-
during
123,339
Reserve for dividends on pfd. stock
5% cumulative preferred stock (par
RR.—Earnings-
from
from
Gross
requirement of $150,000 for the year.
Balance sheet of the corporation as of
Aug. 31, 1945, shows current
assets of $10,330,705 and current liabilities of
$1,880,294, or a net
working capital of $8,450,411.
Cash and U. S. Government securities,
■
Valley
ry.
oper.
income-From Jan. 1—•
\
Net
accumulated
reserves
417,875
508,376
assets-
Equity of minority
forward
additional
an
5240,000
401,847
227,054
Jr
...
Monongaliela Ry.- -Earnings—
Settlement
575,000
1944
"$2,607
1,276,717
$4,256,784
Accrued
"
Midland
Net
1943
In
However, they
as possible.
position
Net
Provision
(net)
assets—
Accounts
.
dividend
date
to
.
646,914
■
LIABILITIES—
:
(due
order.
as
follows:
Fiscal Year—
i942:_:
•'
record
our
«
399,474
...
Total
September—
as
the
1,923,146
1944.
been
of
par
Common
requirements, of $1,016,085 for the year ended Aug, 31, 1944.
This
profit,is equal to $2.20 per share on the 600,000 shares outstanding
Aug. 31, 1945, as against $1.69 per share for the year ending Aug.
31,
profits
•
50%
1,431,592 j
(pet)
Treasury obligations
security
2018.
31,
$1,317,132
to
BALANCE SHEET
Property, plant and equipment
Deferred
charges
J
transfer
the
ended Aug.
requirements on
amounted
230,491
excess
1945,
$3,350
receivable
current
NOTE—For mechanical reasons it is not always
possible tfr arrange companies in exact alphabetical
year
dividend
stock,
30,
banks-,.
for
■
June
June 30,*45 Dec. 31/44
Other
676.
p.
serially in the
amount of $75,000 on each Oct. 1 in the
years 1946 to 1950, inclusive)
have been called for
redemption on Dec. 1, 1945, at 102 and interest.
Payment will be made at the City National Bank & Trust Co., trustee,
208 So. LaSalle
St., Chicago, 111—V. 154, p. 960.
.cays
surplus,
of
ended
Inventories:'
Administration
Michigan Public Service Co.—Calls Debentures—
All
period
hand—
on
Cash in
•-
Masonite Corp.—Annual Report—
months'
CONSOLIDATED
186,544
19,625
$264,523
recapture
taxes.—V.
dividend
value.—V.
18,372
225,986
..
allowed by
$689,974
Disintegrating Co., Inc.—Transfer Agent—
First
agent
stock
common
share.—V. 162,
per
six
Other
Metals
36,772
106,083
the Internal Revenue-Code-were applied^ so thai a
similar amount of credit would - apply to subsequent
earnings to the
extent thereof for the^balance of the
year 1945i
i
,
i
:
>
Mandel
Brothers, Inc. — Stock Placed Privately —
Blyth & Co., Inc., and Kebbon, McCormick & Co. an¬
;
stock
ASSETS—
income
'After
162,
the
Accounts
$171,610
tCompany dnly
for
Cash
taxes
Net
stock...
"
••
Provision
its
$267,737
r
Note—In the computation of the Federal income "and
'
revenues
income
Cash dividends on 5%
pfd.
Cash dividends on common
Co.—Earnings-r
101,000
$238,463
and
Transportation
Quarter End. Sept. 30—
.
'Total
■
expenses
Prov.
for
Miners
&
$1,592,609
Sell.,, ship., gen. & adm.
/
Net
tl943
-
dis¬
is
has four subsidiary companies: namely,_ Knife River
and three small subsidiary companies, two of which
wells and one of which
the operator under a unit plan for the cooperative development of
Mining
certain
gas
Co.
interests in certain gas lands and
acreage.
,
'C'-'
fmkr^S
'i'/'i
*
2152
PROPERTIES—
Public' Utilities
Corp., & nonaffiliated public utility holding company, all of the then
outstanding securitiest of Dakota. Public. Service
Co., consisting 9'
8,370 shares Of common stock, $1,000,000 of first mortgage bonds due
Oct.
1,
1946, $2,500,000 of notes payable due July 1, 1949, and a
$1,335,734 income note due July 1, 1949. * The purchase price for these
securities of Dakota Public Service Co. was a base price of $6,521,001,
plus an amount equal to the net income of Dakota Public Service
Co.
from April 30, 1945, to the date of purchase.
The base price
paid on the date of purchase and the balance of the purchase
price will be paid as soon as the net income of Dakota Public Service
Co.
from
April 30 io the date of purchase has been determined.
It is estimated that the net income for that period was approximately
DAKOTA PUBLIC SERVICE
1945, purchased from United
ACQUISITION
OF
Company on. Oct. 19,
\
,
■
■
v
DIVIDENDS—Dividends have been paid on the outstanding common
of the company during the past five years at the following
1 ates:
1940—$.24
per
share; 1941,
1942 and 1943—each $.40 per
share; 1944—$.50 per share.
Dividends have been declared and paid
'on common stock at the rate of $.15 per share for each of the first
three
quarters of 1945.
No dividends are in arrears on the out¬
standing 5% preferred stock of the company.—V. 162, p. 2018.
v
stock
£
$40,000.'
The
company
purchased the securities of Dakota Public Service
as a means of acquiring the properties of that company, it
being the judgment of the board of directors that the electric utility
properties owned by Dakota Public Service Co. at the date of pur¬
chase
can
be efficiently and economically interconnected with and
operated as a part of the company's electric utility system.
Imme¬
diately upon its acquisition of the outstanding securities of Dakota
:
liquidated that company and acquired
X direct ownership of its property and assets, subject to current liabiliiI?X ties then existing.
The capital shares and funded debt which had
been purchased were cancelled.
The company now owns and operates
the public utility properties formerly owned by Dakota Public Servthe company
Public Service Co.,
X ice Co.
,
\
-
OF
PURCHASE
KNIFE
Coal Mining Co., consisting
of 673 shares of common stock and
'$205,746 of notes payable.
The purchase price was a base price of
;# $547,461, being the net book value at April 30, 1945, of the securities
purchased, plus an amount equal to the net income of Knife River
from April 30,
1945, to the date of purchase.
The base price was
paid at the date of purchase from general funds of the company;
the balance of
the purchase price will be paid from the general
company
trustee, a sum sufficient
maturity on, its outstanding
Power Co. 5% first mortgage
the principal of, and interest to
underlying and assumed Butte Electric &
pay
Bank &
gold bonds, due June 1, 1951, and has authorized Chemical
Trust Co. to pay to these holders, at any time, the principal amount
thereof
together with interest thereon to maturity, June
1, 1951,
Without discount,
upon
presentation and surrender of said bonds.
—V.
162, p. 2018.
Earnings—
Montour RR.-
Net
Net
ry.
1944
1943
$252,413
83,889
93,150
$275,629
92,422
64,084
71,408
67,100
$255,691
120,237
81,676
railway
from
income—
oper.
2,212,375
the
that
period was not a
that
for
income
net
Net
2,288,761
2,193,058
809,975
862,558
832,529
ry.
538,896
596,403
609,2§8
584,457
railway
from
Net
—V.
oper.
162,
p.
Coal Mining Co. owns and operates a lignite coal mine
I)., and sells coal for use in the electric generating
,,45'plants formerly owned by Dakota Public Service Co. and now owned
4 ' by
the company and to other customers.
Sales to Dakota Public
Service Co. in 1944 represented approximately 36% of the total dollar
4
to
carry
of Knife River as
securities
the
tages of
Public Service Co., the company on Oct. 25., 1945, issued
privately to three insurance companies $3,500,000 of first
bonds, 3% series due Sept. 1, 1970, issued as an additional
series under its existing indenture of mortgage to New York Trust Co.
Dakota
of
sold
Dowlir.g, as trustees, and applied the gross proceeds of sale
of
$3,500,000, exclusive of accrued interest, toward payment of the
bank loan.
The net proceeds from tne sale of the stock ($2,356,360
before
deducting
estimated
expenses
of
$16,996)
will likewise be
and
A.
C.
$143,640 of the general funds
payment of said loan so as to
In connection with the authen¬
tication of the $3,500,000 of 3% bonds due Sept. 1, 1970, the company
deposited $200,000 with New York Trust Co., as corporate trustee, Under
the indenture which may be withdrawn upon making appropriate show¬
ing as to net additions to the electric utility properties of the company.
Company
has made such additions, not heretofore certified to the
trustee, in an estimated amount sufficient to entitle it to withdraw
applied
payment
toward
of said
loan.
the company will be applied toward
reduce the balance thereof to $500,000.
of
the
Under
the two companies,
the
of
terms
holders
agreement,
merger
and
of Industrial
preferred stock receive 12 V2 shares of Morris Plan
stock for each share held and holders of Industrial Finance
stock receive one-fourth of a share of Morris Plan common
share held.
See also V. 162, p, 1771.
common
common
for each
Mullins Manufacturing
Corp.—Earnings
Months Ended Sept. 30—
9
allowancesCost of sales before provision for depreciationProvision for depreciationsales
Gross
less
and
returns
25,768,395
206,028
1,265,639
978,363
$2 209,165
Profit
Other
23,626,472
181,321
selling and administrative expense
Shipping,
212,566
$2,375,803
income
charges
Estimated
$2,565,910
151,817
122,879
—
and
normal
Federal
for
taxes
provision
profits
excess
$2,353,344
166,644
income
Other
—
1945
1944
$27,282,598 $29,306,130
1,724,087
1,590,862
Authorized
3%
series
accordingly.
Sales for the nine months ended Sept. 30,
1945, are shown after
deducting the amount necessary to reduce net profit before provision
for Federal taxes for such period to the same percentage of gross
sales as is represented by the percentage of net profit before provision
for Federal taxes to gross sales for the nine months ended Sept. 30,
1944, and the provision for Federal taxes has been computed accord¬
has been computed
taxes
Nash-Kclvinator Corp.—Producing 1946 Nash Cars—
Oct.
27,
George W.
Mason, President, announced that' new
Nash cars are now in production at Nash Motors' final assembly
plant at Kenosha, Wis.
/
First of the new cars will be shipped to zone offices, according
to H. C. Doss, Vice-President and General Sales Manager.
The first
public showings of the post-war cars are expected to take place at
3'«|®series
1970.1"*—J
par)—
pfd. stock ($100
X.^di^1
of
ihe
100,000 shs.
900,000 shs.
be issuecJthat not in excess with $20 000 000
upon compliance
the provi¬
of
provided
nation, he said.
Nash is limiting
amount' of boncis °* a11 series may be outstanding at any
tThe shares
rnmm
100,000 shs.
of
common
stock
were
changed from
$10 par
valrni
body styles will be manufactured later.
Mr. Mason estimated that the
annual
P*r value, per share and the authorized number of shares
thV ".pvh rS, infcreased fl'°m 800-000 to Aug. 31, 1945, amend¬
1,000,000 by /
effected
PRO FORMA
EARNINGS,
operating revenues--—
Operating expenses Unci, depreciation,
YEAR ENDED DEC/31,
Net
Other
«7
de^onr«tcZ)Ii:Z'
1
earnings from operations—
incomg—
1944
150,000 units
1946."
during
H.
Vice-President,
Lewis,
A.
Oct.
on
for
Provision
for State
Provision to
Federal
excess
income
reserve
for
tax
tax
and
$2,381,893
surtax
profits tax--,-
/
717,000
28,600
„
tax—r''
CQntihgehciel.
I"
-
366,100
'
_
Shares
&
Inc.—
Merrill Lynch, Pierce,
Co.,
Fenner
Central
Si
Beane—
Republic
(Inc.)
47,351 4/6
.
—_
/
The
Corp.
E.
The
Illinois
Co.—
5,000
10.000
Co.——
3,500
Kalman Si Co., Inc.—
Kebbon, McCormick Si
lojooo
Co.
Kidder,
Co.
&
from
rv.
Si
Co.
railway
oper/income
18,500
2,820,541
11,414,712
3,644,072
20,785,586
6,608,197
3,634,437
Rollins
'
9 Months
X
Combined
Si
3,500 H /
"Earned
"Based
10,000
standing
Sons
10,000
Aug.
15,
per
on
and
share
•
1945
$921,544
stock—$1.45
Ended Sept. 30—
Stubbs
common
578,445, shares of $8.33 V3
par
value common
after dividends on preferred stock called for
1945.—V.
Co.
>———
X-/
,
National
?
The
3,500
_—
Wisconsin
Woodard-Elwood
Co.—
initial
accrued
plus
dividends,
162,
p.
•
corporation has
15,000
of
3%%
be
15,000
&
made
debentures
at
the office
called
due
exchange offer
The
new
at
fund,
if
share
redeemed
$101
1, 1955; and
dividends
of
share
share if redeemed thereafter and on or before Nov.
per share if redeemed thereafter,
plus accrued
m
each
case.
An annual
amount from 1946 to 1957, both inclusive,
sufficient to retire 1 %
of the maximum number of shares
new
$100
of
the
stock theretofore issued,
and beginning with
yaar
annual amount sufficient to retire 2%
thereof,
for the sinking fund at $100 per share, plus accrued dividends.
Transfer agents, Bankers Trust Co. and Peoples-Pittsburgh
Co.
Registrars, New York Trust Co. and First National Banx
preferred
1958,
callable
an
Trust
at
Pittsburgh.
Application will be made
New York Stock Exchange.
$778,678
$1.17
stock out¬
redemption
to
Corp:—Partial Redemption—
for redemption on Dec. 1, next, $550,000
at 103% and interest.
Payment will
Sachs & Co., fiscal agents, 30 Pine
1960
St., New York, N, Y.—V. 162, p. 1894.
FINANCING
TO PRESENT
GIVING EFFECT
CAPITALIZATION
preferred stock on the
the new
list
Outstanding
Authorized
4'/2%
stock,
preference
(par
«
stock, (par $10)
2,355 shares held
in the treasury,
for conversion of
"Includes
reserved
shares
tlncludes
"281,892 shs.
600,000 shs.
12,500,000 shs.
$40)
Common
170,000 shs.
170,000 shs.
$100)
10-year
$12,000,000
$12,000,000
loans
X—
cumulative preierred stock, ipar
bank
Installment
.
,
,
11,155,978 shs.
$2 10-year
preference
stock.
1,050 shares held in
^Includes
HISTORY
&
BUSINESS—Company was incorporated in Pennsyl¬
as a result of the statutory consolidation of Na¬
1937
23,
Oct.
vania
the treasury.
Supply Co. of Delaware and its
Chalfant and Co., Inc..
The business
tional
partly-owned subsidiary. Spang,
carried on by the company was
National Supply Co., (West Virginia).
Company'has three active subsidiaries.
Company is the largest independent manufacturer and distributor
first
1894
in
incorporated
as
equipment. Its manufactured products include
(buttweld, lapweld and seamless steel products);
drilling equipment; pumps and pumping macninery
and equipment; and engines, consisting of diesel and other types
internal combustion engines for marine, oil field and other stationary
of
and
oil
gas
field
products
and other
of
manufactured products, the company dis¬
tributes equipment and supplies manufactured by others which are
used largely by the oil and gas producing industries.
The cessation of all hostilities resulted in the cancellation of the
greater
portion of the company's contracts for war production.
During the month of Aug. 1945, approximately $37,000,000, constitu¬
ting approximately 75% of the war contracts on hand at the begin¬
ning of the month, were terminated.
Company expects to realize at
least the inventory value of the material on hand for the fulfillment
of such contracts at the date of such cancellations.
As
a
protection against the cancellation of war contracts, the
company arranged in
1943 for a $20,000,000 three-year bank credit
with seven banks, expiring Dec. 31, 1946, and carrying a 70%
guar¬
antee by the War Department under the so-called "VT Loan Regu¬
lations."
In
1945 this credit was reduced to $10,000,000,
and no
indebtedness is now outstanding thereunder,
INSTALMENT BANK LOANS—Company has entered into agreements
dated Sept. 10, 1945 with each of seven banks to borrow an aggre¬
gate of $12,000,000 under 12-year term loans, $8,550,000 of which is
payable in instalments before final maturity.
The interest rate ranges
from 2%
on instalments due
on or prior to April 1, 1956, to 2%%
on
the
instalment due Oct. 1, 1957, and the average interest rate
is 2.358%.
Interest is payable quarterly •
Instalment
maturities,
payable
semi-annually, are at the rate
of $500,000 per year for the first two years, $700,000 per year for
addition
In
uses.
three
next
the
$900,000
next four years,
final payment of
$800,000 per year for the
the next 2»/2 years, with a
years,
year
per
its
to
for
due at the end of the twelfth year.
A working capital restriction requires the companv
to
consolidated net working capital at not less than
its
indebtedness ^under
the loans exceeds $10,000,000,
$3,450,000
less
$25,000,000
than
while
its
maintain a
$30,000,000 while
and at not
junder the loans is less
indebtedness
$10,000,000.
UNDERWRITERS—The
than
underwriters named below agreed severally
and not jointly to purchase, in the percentage set after their respective
names, so many of the shares of stock as shall not be issued pursuant
to the company's
exchange offer.
As all the shares will be taken
in the exchange offer none of the stock will be purchased by the
underwriters.
Lehman
A.
A.
Corp.
2.0
Mellon
Merrill Lynch,
Co.
Co. Inc._
Moore,
4.0
5.0
Dempsey-Tegeler & Co.^,
1.0
Co.___
Hirsch
&
Kidder,
Peabodv fiz Co
p.
2020.
—V.
& Lynch
Co.—,—
4.0
3.0
1.5
3.0
3.0
Deane & Scribner
Si
Co._-.-i~
2.0
E. H. Rollins & Sons:
Singer,
I.
M.
3.0:
Stein
4.0/"-/.-
Swiss
G.
4.0
5.0
3.0
Inc.
'
•
2.0 '
_
1.0
-
1.0
Stone & Co.—
Hemphill, Noyes & Co..
--
Piper, Jaffray & Hopwood
:■v Riteir & Co._i—1
3.0
Republic Co.
Leonard
—
/
3.0
Inc.
Central
3.0%
Pierce. Fen¬
Beane
&
_
Corp.
Securities
F. S. Moseley Si
5.0
Blyth & Co., Inc._
Alex. Brown & Sons___
E. Masten & Co.-_
ner
1.5
Whipple & Co
Becker &
G.
Laurence
12.5
1.0
Sachs &
Securities
&
M. Marks & Co.
12.5%
Co.—
Brothers
3.0
of Goldman,
_
1945.
sinking
$104
if
expired at 3:00 o'clock p.m. on Oct. 29,
preferred is redeemable, otherwise than for the
any time upon not less
than 30 days' notice, at
per
redeemed on or before Nov. 1, 1948; at $103 per share
thereafter and on or before Nov. 1, 1951;
at $102 per
redeemed thereafter and on or before Nov. 1, 1953; at
The
1395.
Dairy /Products
accrued on the
date fixed for the
the new preferred
betwen dividends
cash equivalent to the difference
present preferred stock from Oct. 1, 1945 to the
redemption thereof and
dividends accrued on
stock from Oct. 1, 1945 to the date of delivery.
Hayden,
,5,000
&
preferred
Bacon,
1944
income
Stifel, Nicolaus & Co.,
Weeks
company
Adamex
profit after Federal taxes on
V PREFERRED
offered to the holders of its 291,091 shares of out¬
standing
prior preferred stock,
5'/2% Series and 6% Series, the
opportunity to exchange their shares for the 170,000 shares of
new
preferred stock. Each holder of present preferred stock making
such exchange was entitled to receive:
(1)
Full shares of new preferred stock on the basis of one and
1/20 shares of new preferred stock fot each share of present pre¬
ferred
stock surrendered in exchange, plus
(2) cash in lieu of the fractional share, if any, of new
stock to which such holder would otherwise be entitled, a full share
being valued for this purpose at $100 per share/ being the
public offering price of the new preferred stock, exclusive of
The
Goldman,
15l6,Xj
National Candy Co., Inc.- -Earnings—
15,000
-
// Inc.
The
j
-
HOLDERS
TO
OFFER
STOCK
Bache
*
Inc.
Whiting,
5000
_____
Paabody
Co—-
Northwest
Jaffray
Hopwood
H.
8,317,922
2,879,781
railway
from
Net
'*
5,000
/—
Piper,
E.
30,985,400
7.526,020
From Jan. 1—
Gross
&
_________
_———
Hutton &
Marks
Milwaukee
Pacific
15,000
Equitable- Securities
W.
.
199,800
31,893,847
29,858,622
939,901
Shares.
Laurence M.
// Co.
27,000
Co.
1942
$3,135,649
1,359,531
746,653
105,975
$1,145.™
Name-
1943
$3,553,803
1,048,847
219,610
income—
Net.ry. oper.
162, p.
N~m°-
194/4
$3,498,267
$2,715,273
103,012
Net
Elyth
announced that this cor¬
St. Louis Ry.—Earnings—
1945
Septemberfrom railwaj)-.--Nefc from railway
Gross
125,000
Net
26
v.
<17934
Nashville Chattanooga &
Provision
Nash car produc¬
1946, and 250,000
rate of
January,
in June,
time
poration has purchased Kelvinator, Ltd., English subsidiary of Kelvina'tor of Canada, Ltd., for $615,000.
The purchase has the twofold purpose, Mr. Lewis said, of sharply
strengthening the net working capital position of the Canadian comthe same time providing for expansion of the British
self-contained manufacturing and distributing unit.—
*0 o9q
Net income before Federal and State income taxes
Provision for Federal normal
four-door sedans in both
Ambassador lines.
Other
Buys English Concern—
«rtn 471
^979^74
~
reach
would
tion
"some
Total
its first production to
"600" and medium price
price
low
the
per
ment of
ment of the certificate of incorporation
SUMMARY OF
said,
Doss
Mr.
1,000,000 shs.
*
previously had expected to begin production by Oct. "1,
but it was held up almost a month by delays in
delivery of minor parts from outside suppliers.
Mr. Doss said that as yet prices for the
new cars have not been
established.
During November the company hopes to complete ship¬
ments
of
the
new
automobile for dealer display throughout the
Motors
Nash
3,500,000
——__
indenture,
sions
onetime
nf
($5 par)
he said.
meetings in November,
dealer
2,500,000
due Sept/ 1,
tConjmon stock
,
J
will be made.
OF ITS PRIOR
arrangements for prepayment
rotary
Oustanding
2%^senai bonds (due April 1, 1940-1
made
tubular
ingly .-WV. 162, p. 461.
,
f $7,500,000
the
be
that
profit
for Federal
sion
FINANCING
PRESENT
TO
EFFECT
GIVING
together
rates,
1945.
Company plans to call on Nov. 8, 1945 the unexchanged prior pre¬
ferred stock for redemption on Dec. 8, 1945 at $105 per share plus
accrued dividends.
On Nov. 8 funds sufficient for this purpose will
be deposited with Bankers Trust Co. of New York, and it is expected
expected that delivery of the new preferred stock,
cash adjustment for the difference in the dividend
to exchanging stockholders on or about Nov.-7,
is
It
with
$2
$662,068
$690,006
Earnings per share
$0.94
$0.96
Renegotiation procedings for the year ended Dec. 31, 1944, have been
completed, but renegotiation proceedings for any period subsequent
thereto have not been commenced.
Sales for the nine months ended
Sept. 30, 1944, are after deducting the portion allocable to such sales
of the actual renegotiation refund for the year 1944, and the provi¬
Net
On
bands: XV^
/
due April 1, 1965———1
writers.
per
1946
CAPITALIZATION,
new
at
substantially all of said deposited funds.
First mortgage
preferred stock was oversubscribed. The
preferred stock will be allotted to exchanging stock¬
holders on a pro rata basis of approximately 98%, and
no shares of new stock will be purchased by the under¬
6% prior
and
consolidation will become
Finance
from
mortgage
America—Merger Effective—
and of the Industrial Finance
company-
Oct. 30 approved the merger of
filing of papers in Virginia, the
on
the
Total
the sale of the stock will be
indirectly
applied toward payment of
the purchase price of the
outstanding securities of Dakota Public Service Co.
The purchase of the securities of Dakota Public Service Co.
was
financed
by a $6,500,000 bunk loan.
Subsequent to the liquidation
proceeds
net
170,000 shares of new ±Vz% cumulative pre¬
ferred stock (par $100) made to the holders of its 5Vz%
effective.
combining the companies.
PURPOSE—The
and
Corp.
with-
purchase of the out¬
standing securities of Dakota Public Service Co. and of Knife River
Coal Mining Co. was negotiated for the company by R. M. Heskett,
President, and for United Public Utilities Corp. by Samuel W. White,
its President.
Tne aggregate purchase price ior all oi said securities
as
so
negotiated was a fiat price of $7,000,000 as at Dec. 31, 1944,
which aggregate price was increased by adding thereto the net income
of DakotSiPublic Service Co. for the four months' period ended April
30, 1945, of $57,772, and the net income of Knife River Coal Mining
Co.
for said four months' period of $10,750,
thereby producing an
aggregate base price of $7,068,522 at April 30, 1945.
$547,462 being
the net book value at April 30, 194b, of the securities of Knife River
Coal Mining Co.
purchased, was fixed as the base price for the
purchase 01 said securities at April 30, 1945, and the balance of
$6,521,061 was fixed as the base price for the purchase of the out¬
standing securities of Dakota Public Service Co. at April 30, 1945.
The price finally agreed upon was equivalent to
the book value of
the properties plus an added factor based upon the estimated advan¬
recent exchange
of
offer
(3)
this
of
stockholders
The
PROPERTIES—The
OF
PRICE
O.—Cash Dividends
declared
have
common
Morris Plan Corp. of
.
PURCHASE
the
on
Walker, on
through its President, A. E.
announced that the company's
the
an interim dividend of 20 cents per
stock, par $1, payable Dec. 1 to holders of
record
Nov.
19, and the
regular quarterly dividend of 62 V2 cents
per
share on the prior preferred stock, payable Jan.
1, 1946, to
holders of record Dec. 19, 1945.
on
A
100%
stock • distribution was made on
the common stock
Sept. 17, this year.—V. 162, p. 880.
directors
The
share
X Knife River*
//at Beulah;-
sales of Knife River.
The company
intends
investments.' -/>r"
income__
1516.
Engineering Co., Alliance,
Morgan
from
It is
material
amount.
X
31
Exchanged—
Co.—Preferred Stock
Supply
company
Oct.
2,026,232
723,383
railway
from
Gross
the company as soon as the net income for the period
1945, to the date of purchase has been determined.
estimated
National
The
EXCHANGE
From Jan. 1—
-
April 30,
1942
1945
$252,924
September—>
from
railway
Gross
-
funds of
National Securities & Research Corp.-—-Distributions—
following distributions have been declared, payao.e Nov. io to
of record
Oct. 31/ On the Preferred Stock series,
15
cents; on the Stock series, 9 cents, and on the Selected Groups series,
3 cents (latter is Initial payment/
payments maae so tar tnis year
in
the Preferred Stock series were as follows: Feb.
15. 18 cents;
April 26, a special of 16 cents; May 15, 10 cents; and Aug. 15, 16
cents.
To date this year the company paid the following dividends
on the Stock series: Feb.
15, 14 cents; April 26, a special of 13 cents;
May 13, 1 cents; And Aug, 15, 15 cents.—V. 162, p. 1644.
The
stockholders
will
'
,
Bank Si Trust Co.,
with Chemical
has also deposited
sur¬
Broadway, New York, N. Y./as successor
165
to
•
RIVER COAL MINING CO.—Company on
Oct.
19, 1945, simultaneously with its purchase of the outstanding
securities of Dakota Public Service Co., also purchased from United
Public Utilities Corp. all of the outstanding securities of Knife River
X-
company
The
Company
4!/
all of
series
Guaranty
York,
accrued
has called for redemption on Nov. 29, 1945,
its
outstanding first and
refunding mortgage bonds, 3%%
due 1966, at 105 and interest.
Payment will be made at the
Trust Co. of New York, corporate trustee, 140 Broadway, New
N. Y.
Immediate payment ol the full redemption price, plus
interest to Nov. 29,
1945, will be made upon presentation and
render of said bonds.
was
'
Co.—Redemption of Bonds—
Montana Power
The
1945
Monday, November 5,
FINANCIAL CHRONICLE
THE COMMERCIAL &
H.
Simon
Bros.
&
Boj'ce—_
American
Walker
Wertheim
&
•:
&
Co...
162,
(Continued on page 2186)
Corp./-/-.
Co.
i»
1.5 :
1.0
1.0
1.5
4.0
A1LY
NOTIOK-CMh and defers dellvwry mlm mm dloregtrded in the dart range,
li WEEK LY -YEARLY
oniee* they are the only tranieetlona oi the day. No
-:
account la taken ot each sale* m
I III
III ■■■!!■
United States Government Securities
Below
furnish
we
the New York Stock
on
daily record of the transactions in Treasury and Home Owners' Loan coupon bonds
a
on
the
computing
■!!■■■ I
-.
range
'
,.
lor
the
year.
WI1Ull
Exchange
the New York Stock Exchange during the current
Figures after decimal point represent one or more 32d of a point.
week.
Record
Daily
of
Prices
0. 8. Bond
Oct. 2?
[High
Low
[Close
Treasury
Oct. 29
Oct. 30
Oct. 31
Nov. 1
'X.,
~
Nov. 2
Daily Record of U.
Holiday
Bond
Price*
Xre»«nr>
j
4%i, 1947-52
9.
i
Oct. 30
101J16
100.23
100.24
:
100.24
[Close
[ High
•{ Low
[Close
;
100.26
100.26
100.28
P
1
100.28
•••UL.W.
100.23
v
i
101.19
*V/z
100.22
"Xa.
101.19
101.20
100.23
10Q.24
Total sales in $1,000 units
101.19
101.20
I':-—I;,;''.
j Low
[Close
Nov, 2
101.20
■
■
;
47
2Vis, June 1967-72
Nov. 1
101.16
[High
Total sales in $1,000 units
P;]
101.16
Low
r High
{ Low
Oct. 31
(Close
Total sales in $1,000 units
3%s, 1946-56—--
Oct. 29
fHigh
2%s, 1966-71
Total sales In 11,000 units
Oct. 27
100.26
51
8
*1
"
Low
(High
2
Vis,
Sept.,
1967-72
Close
Total sales In
Total sales in $1,000 units
$1,000 units
| High
[High
,-J Low
3%s, 1949-52
2'As, 1951-53
i Low
[Close
.{Close
Total sales In $1,000
Total sales in $1,000 units
units
—
f Hign
\ Low
3s, 1946-48
[High
Low
2ViS, 1952-55
\
[Close
[Close
Total sales in $1,000 units
Total sales in S1.00C units
[High
4 Low
[Close
3s, 1951-55
Total sales in $1,000
—
I High
Low
Close
Total sales in $1,000 units
units
[High
in $1,000 units
40
{ Low
*
[Close
Total sales in $1,000 units—*
—
[Hign
108.31
[High
2s,
108.30
\ Low
(Close
1947
•{ Low
[Close
108.30
Total sales in $1,000 units
500
$1,000 units
in
f High
Total sales
I Hign
2s, March 1948-50
-j LOW
2%S, 1956-59
Total sales in $1,000
in $1,000 units
[High
Total sales
•{ Low
(Close
(Close
units
(Hign
S», Dec.
\ Low
S%8, 1958-63
104.12
[High
2'As, 1959-62
in $1,000 units
2%s, 1951-54
104.12
High
J[Close
Low
2%s, 1948-51
104.12
Low
,
Total sales in $1,000 units
—
f
Total sales
1958-59
[Close
,
Total sales
f High
[Close
2%S
-I Low
3%S, 1955-60
Total sales
Holiday
1948-50
4
Low
[Close
(Clos?
Total sales in $1,000 units
in $1,000 units—
f rilgu
2s, June, 1949-1951
Low
(High
I Low
Close
Total sales in $1,000
[Close
Total sales in $1,000 units
units*
V
f High
[High
[Close
Total sales in
,
$1,000 units
2s,
Dec.,
1949-1951
{ Low
2s,
[High
March,
1950-1952
{ Low
(Close
[Close
Total sales in $1,000 units
$1,000 units
[High
f High
2s,
•{ Low
2%S, 1950-52
Sept.,
$1,000 units
2s, 1951-1953
—
"
Low
1952-54
—
—
28.
[High
I Low
[High
Holiday
$1,000 units
[High
Total sales in $1,000
1
l%s
Total sales
Total sales
Low
•101.18
[Close
101.17
in $1,000
101.11
{Low
101.10
101.8
101.11
—
101.1O
101.8
101.11
—
(Close
101.18
101.17
—
-
1%S, 1950
101.17
101.10
101.8
101.18
{
1965-70
units
[High
10
in $1,000 units
[High
2'/is
Total sales in $1,000
101.25
[Close
•
—
{Low
[Close
101.25
{ Low
10
10
[High
1948
101.25
/High
1964-1969
4
■
units
101.31
...
—
103.16
103.16
Holiday
{Low
(Close
101.31
Low
{Close
2%s, Dec.,
1953-55
103.16
103.16
103.16
-
fHigh
2s
101.31
103.16
103.14
103.14
—
Total sales in $1,000 units—
10
—
103.14
...
(Close
102.6
—
in $1,000 units
—
—
) Low
1952-54
102.6
(.Close
•{
j
[High
2s, Dec.,
102.6
units
J%s, June, 1964-1969
—
(Close
\ Low
2'^S, 1963-1968
Low
Total sales in $1,000 units
—
—.
f High
Total sales
...
—
\
2s, June, 1952-54
{ Low
in $1,000
*
{Close
[Close
Total sales
[Close
[High
2'/is, 1962-67
Total sales in
35
[High
Low
j
Total sales in $1,000 units
[Close
•y--,
f High
\ Low
1951-55
$1,000 units
Total sales in
103
Total sales in $1,000 units
[Close
in $1,000 unites
2'/is, 1956-58
103
[Close
Total sales in $1,000 unlts_
[High
I
Total sales
103
{ Low
1950-1952
.
(.Close
2 '/as,
vtv-
—
>.;
[Close
j LOW
Total sales in
•
Total sales in $1,000 units
—
[High
Total sales In
"•I
—
[Close
$1,000 units
I%8, 1949-53
102.26
fHigh
i Low
1948
Total sales in
102.26
Total sales in $1,000 units
—
[High
2%s,
102.26
] Low
[Close
2s, Sept., 1949-1951
j Low
1945
1%S,
8
units
Total sales in $1,000 units
a
'''Odd
lot
sales.
5
—
*5
transaction.
^Registered bond
NEW YORK STOCK RECORD
LOW AND HIGK
Tuesday
Monday
Saturday
Oct
Oct. 37
f per
$ per share
77%
.
Oct
77 %
77%
.
77%
77%
Nov. 2
Nov. 1
t per share
77%
78%
78%
Sales for
Friday
Thursday
31
t per share
$ per share
share
STOCKS
Wednesday
Oct. 30
29
S
per
79%
NEW
\ he Week
share
114
*112
114
*112
114
*112%
114
*112
94
*90
93
*91
93
'92%
96
96
96
13 3A
♦32%
14%
13%
13%
14
33
32%
32%
*33
17%
17
17'A
17
14%
14'A
.
14%
14%
14%
34
34
34
34
17%
17%
18
ACF-Brill
6.000
111'A Apr
100
60
So par
Jan
8i
Oct
115
Jun
15
15
98
Nov
2
t per share
Feb
-
*44
*43'A
48
*42
50
17%
48
*43%
48
*44
Adams
6.7C0
,
4
50
Express
Adarns-Millis Corp
29 %
29%'
28'A
29
29
29
29%
29%
29%
30
1,600
48%
47%
48'A
47%
48%
Address-Mutigr
47%
47%
48%
48
48%
9.300
8% Aug
*112
7%
43A
52'A
7%
7%
,
7%
47A Vs"
4%
5
54%
•;
*64
64
64
64
36%
P
37%
36'A
36%
*101
24%
:j
•101
23'A
23'A
23%
112
7%
7%
>**: 5
4%
53%
36%
105
♦101
1*15
4%
53
64
T-yl
„
7%
53
52
115
*112
112
112
115
52%
65
*64
38'A
38'A
*
105
23%
*102
112
*112
7%
7%
5
4%
53 7A
115
20
7%
7.100
5
53
64%
64
37%
7.200
64
38%
29.COO
'■
10%
Dec
13
19
10%
Jan
lT
Deo
Oct
19
26%
Jan
33
39% May 19
19%
Jan
24%
16'A May 19
38%
106
*102
106
600
7.800
~
23%
23'A
23%
173%
174%
174'A
175'A
7.800
20
20%
19%
19%
20'A
20%
20%
20%
20%
20%
1.600
33
33%
33%
33'A
33%
34'A
33 7A
34%
34
34
3.900
343A
35%
34%
34%
35
3D v2
36%
36'A
37
15.900
24
173%
172
174
172
175
174
*23
•
800
"
^
.b
For
—
footnotes
see
page
2163.
34%
/
*
9 8'A Jan
22
10
:
120
July 10
8% Jun 21
war
2
2% Jan
24
5% Jun
11
—100
22
603A Jun
21
Allen Industries Inc
Allied Chemical & Dye
Allied Kid Oo
Allied Mills Co Inc
1
No par
5
No par
—No par
Jan
23
68% Mar
1
28% Jan
24
38"% Oct
15
91
Jan
11
13% Jan
2
56
153'A Mar 16
157/8 Jan
2
104
(
May 28
24% Oct
29
185 3A Oct
2
21% Oct
17
27% Aug 21
34"% Mar
J
20% Jan
37 % Sep
29
24
Oct
37% May
15
6'A Jan
$2.50 prior conv preferred-No par
Alghny Lud Stl Corp
No par
Alleg At West Ry 6% gtd
100
Allied Stores Ooro
523A Oct
34% Jan
10
Dec
'
1
Allegheny
Corp
pf A with $30
A
2
100
44
24
No par
Corp
Alabama & Vicksburg Ry
Alaska Juneau Gold Min
5% %
32% Jan
Par
Deo
18'A Oct
13% Mar 26
22'/* Apr
39% Jan
No
Air Reduction Inc
'
■-ytyT
.
Jun
Jun
64
Jan
'
17%
64%
114
108% Nov
47
■
343A 8ep
9% Jan
2
25% Apr 23
1
2.50
Co
82%
"
Highest
$ per share
e
9
10
Motors
Acme Steel Co
800
t per share
60'A Van 22
So par
preferred
Abraham & Straus
10
Year 1944
Lowest
Highest
S per share
"Par
4%
17%
t34
Lowest
Abbott Laboratories
600
114
*90
Range for Previous
Range Since January 1
STOCK
Shares
79%
*112
YORK
EXCHANGE
;
43
July
Jan
100
Deo
75
5%
2
7% July
Deo
Apr
Mar
3%
23%
Jan
$6
Dec
37
Jan
62
Deo
24%
Apr
70
Jan
29% July
91
Deo
9%
14.1
Jan
15% Oct
Apr
13% Mar
157
Deo
*
16%
Feb
"
20
Aug
33% Iter
14%
Jan
22%
Deo
COMMERCIAL & FINANCIAL
THE
RECORD
NEW YORK STOCK
HIGH SALE PRICES
LOW AND
$ per
31%
6%
6%
6%
122%
31%
6%
121%
33
32
122
48
47%
47%
47%
139%
139%
139%
37 %
36%
37
36'A
78 »/4
79%
78
79%
31%
32%
30%
79%
32'A
73%
72%
18%
18%
51
51
49'A
♦129
130
139%
;*72 fe18%
12%
103%
12%
72%
58
117%
117%
34%
34%
34%
132%
*131
132
131
144
23%
23%
138
141
141
106%
41%
106%
7%
7'A
5%
44
44%
9%
57
♦11%
54
35%
117%
57%
9%
88
141/4
14%
700
53%
53
25%
35
53
35%
250
33.700
30
40
58%
59
170
171/2
17y2
59%
83%
16%
10 j/4
17
84
16%
*181
28%
28%
28
96
95%
28%
29
28%
29%
29%
41%
59%
29
96
28%
29
40
60 %
174
174 %
174
«48
'
41 %
40%
59 Va
171
X59%
48%
48%
•
•••
,40%
39%
38
40%
23%
24
24%
24%
♦28%
29
28%
29
28
23
49%
51
146
,
186%
186
85
87%
87%
*117%
*117%
119 %
16%
17%
112%
23%
24%
124% 124%
-
119%
*118%
17 Va
18%
112%
23%
*112
113%
24
24%
124
125%
*112
23
*
124
10%
38%
38%
50 %
50
51%
36'A
36%
*111%
112%
40%
40'A
■V
*130%
135
55%
135
18'A
56%
57%
18%
18%
19
19
17% " 18
34%
34%
17%
17%
17%
17%
17%
34'A
33%
33%
34
35
133
133
134
*134%
137%
137
137
*50%
♦105%
134
51%
♦50%
107
*105%
107
96
97%
♦114
114%
68%
*39 '/a
V
*81%
37
.
41
87%
37%
-
38%
20%
58
56
56 v
56%
82%
81%
82
82%
83"
58
82%
*123
25
'-"25
17
*105%
17
106
106
110
19%
19%
19%
8% ;/■
:
*123 Va
125
25% fefe'-
17%
%
%
'
•
115
112
*
1
25%;fe25%
*
fefe
17%
4
8%
8%
»a
56
83 %
•
ft " I
%
,
%
10 800
900
7.800
300
520
12,000
300
240 >
—
500
7 900
300
3.000
84 4rr, v
913,100
3"*
■
Rights
21%
A
27%
28%
22
29 %
21 Va
35%
23%
36%"
35%
35%
35
36
♦18%
18%
18%
18%
74
74
74%
15
39
40
38 Va
39%
39%
42%
41
31%
32%
32%
33
33
33 %
*31
52%
21%
21%
22
18 Va
18Vs
43%
44
43%
43%
43
43%
47%
48
*48
49
110
110
12%
38
13%
"*48
■
*
.-<49
fe' 110
13%
*125
17%
18
26 »A
25%
26
25%
27
20%
21 Va
21
21%
21 %
21%
For
footnotes
see
107
page
*106
2163.
*38Va
130
*18
25%
♦106
13%
39%
*38
126%
126%
--
■*109
13%
*126% 132
17%
17%
17 Va
»48
110
'
39%
*38
*52 Ya
107
♦106
107
*125
41%
18
v
49
110
,
13%
-
39Va
>
129%
,V
'13%
*39
*129
.
.
...
17%
18,
17%
27%
21V*
21V4
22V*
22V»
106
♦106
107
"
-
'
1
13% ~
40
129%
fe
18
27Va —" »
22%
fe
106
v
No par
100
25
-25
100
—10
14
100
No par
No par
No par
—100
—
1
25
50
No par
12.50
No par
21%
20
5
No par
153
2
.
-
118
Apr
Feb
21
2^/a
142
Oct
18
82
Mar
39 V* Oct
15
88% Nov
Sep
.
July
24%
49
Apr
Dec
Jan
4%
Dec
Jan
42%
NOV
2
110% July
31 % Jan
26
May
2
40
Dec
34% May 25
16
Apr
23% July
18
60
Jan
72%
Dec
7% Jan
19%
Jun
Jun
80
45%
Dec
21% Mar
7
55% Oct
5
37 Va
Jan
46
135
Jan
8
126%
Apr
133
Sep
14
Nov
2
8
May
14
July
112% Oct
11
82
Mar
95 %
July
195
Apr
Jan
183 %
Nov
67
Apr
68% Jan
99%
Oct
25
170%
Sep
19
33%
120% Nov
2
37% Oct
2
23
Jan
27% July
141V* Oct
2
107
Nov
115 % July
Feb
131% Nov
42% July
Oct
18
108%
24 % Sep
25
10 V4
25 V* Sep
19
14
109% Jun
29
44% Oct
17
8V4 Sep
19
2% Mar
17% Oct
11
8
Apr
43J/4 Jun
28
23
Jan
149
15
Aug
20%
Dec
101% Feb
107 Va
Dec
36 V*
Dec
Jan
21 Va
Nov
116
Dec
Mar
Sep
1%
17
6% Oct
.
4% Aug
11% Dec
29
Mar
5% Mar
Oct
68
1
Jan
102
Jun
32 V4 Oct
10
15%
Jan
25%
Apr
108% Nov
1
59
Jan
94%
Dec
46% Jun
14
33
40 %
10% Oct
31
Apr
3% Jan
Oct
26
39% Mar
91% Nov
2
65
Mar
13
Nov
1
4
Jan
100
Nov
1
61
Jan
55
Dec
6.% Aug
46
Nov
76%
12% Nov
1
7%
15
6%
Oct
7% Aug
Dec
79 Va
9% July
Apr
14% Oct
Jan
9% Aug
Oct
29
46
Jan
50
Jun
37% Sep
10
14%
Feb
28 Vb
Dec
Nov
1
80 Va
Jan
111%
Dec
36% Oct
26
14%
Feb
24%
Dec
17% Oct
15
8%
Jan
12% July
33% Oct
22
Feb
26
54
123
20
Dec
Feb
130
Sen
21
32
Jan
43
11% Oct
31
2
Jun
3 Vb
Aug
115 V*
142% May 24
63
Oct
Dec
1
44%
Feb
66%
Dec
85 V4 Nov
1
40
Feb
60%
Dec
18
Sep
25
9
Jan
12% Aug
184
Mar
16
163
Jan
Nov
94
180
Aug
17% July
77% Dec
15
12%
Jan
99
Oct
15
62%
Jan
20
Oct
20
13%
Jan
18%
Sep
30% Oct
3
13%
Feb
19%
Dec
41 Va Oct
24
26 V4
Jan
37 Va
Dec
36%
Jan
28% Oct
1
62% Oct
'
175
48% Oct
Jan
39% May
43 Va July
165%
Dec
45%
Dec
Nov
152 Va
Dec
22%
18
Jun
28%
Dec
146
Aug
6
42 % Nov
1
25 Va Oct
19
15
Jan
19% July
30% Sep
9
20
3
16 ■%
Jan
25%
Dec
29
Feb
56
Dec
111
Jan
132
Dec
56% Jan
Nov
2
44% Oct
H
188 Va Nov
2
Oct
8
91V4 Oct
18
150
Jan 31
Jan 2
65 U Jan 2
145% Jan 3
13% Mar 27
43% Mar 27
116Vs Sep 13
8% Jan 23
99% Jan 11
9 Jan 2
100V8Mar26
5% Mar 27
60% Jan 23
29% Jan 2
38'/4 Jan fi
24% Jan 6
109 July 20
38% July 6
121/2 Aug 17
4% Jan 2
- 23% Sep 13
147
2 '
Nov
164
41 Aug 21
128% Jan 12
29% Jan 2
89
xlfil
156
Jun
166%
Dec
Jan
75
July
75
July
139
Jan
8%
Apr
116%
...
121% Mar 15
Apr
152% July
Jan
39%
1
2
15%
49
1
111% Oct
24
84Va
Jan
29 Va Jun
28
6%
Jan
28
67%
Jan
11
Va Oct
83
Jun
Jun
16 Va
100
.
Aug
Nov
9%
107
Dec
Dec
4
1
Jan
44
17
22
39% Nov
Dec
120% July
6% Jan
18% Oct
128% Jun
31%
57% Jan
7
Jun
Jan
56%
64 Vb Oct
Feb
65
Dec
6% July
24%
Jan
29V4
Dec
x56% July lv
25
Jan
39
Dec
38% Nov
2
20
Jan
28% Julv
112% Oct
15
44 V« Apr
14%
30
10
9%
Jan
8% Nov
2
2 Va
Jan
30% Oct
'
16% Oct
D»c
4% Aug
12% Nov
1
4%
Apr
~6%
July
120% Oct
23
74%
Jan
107 Va
Dec
Oct
n
85
Jan
119
Jan
58 Va Nov
2
35%
Apr
46%
Oct
19
9%
Feb
12 Va July
18% Oct
6% Jan. 2
111 Jan 4
■ 45 Mar 9
105% Oct 16
76% Jan 31
101 Jan 30
. 48% Jan 22
. 33% Feb
1
71% Sep 7
. 30% July 27
110 Apr 20
14% Jan 22
55% Feb 19
60 Jan 2
113 Jan 25
18% Jan 6
10 Va Jan 22
26% May
22% Nov
102% Mar 27
111 Mar 27
42'A July.27.
11% Jan 2
10 Jan 2
18 Jan 20
113 Jan 3
77 Jan
14% Jan
5% .Tan
Vb Oct
105
17%
27% Jan 2
17% Jan 16
22% Jan 3
157
65
40% July
Apr
28
7% Nov
1
35
3
Feb
33 Va
11
134
22
8%
Jan
13%
Jun
19 Vb
Dec
r»u
19
Jun
35
Oct
31
12%* Jan
134
Oct
31
90
Jan
113
137
Oct
31
85%
Jan
113Va Nov
51
Oct
22
33
May
Dec
45%
Sep
108 Va Nov
108% Mar 23
103%
Jan
25
53%
Jan
83 Va
Dec
82
Jan
106%
Dec
101
Jun
115
Nov
1
79% Jun
25
42
Oct
11
81
Oct
24
39% Nov
Dec
25%
Jan
55
25
Feb
38% Nov
59%
*
Jun
76
Jan
Nov
32% May
2
24%
lldi/2 A„e 2*
107%
Feb
20% Nov
2
11%
Jan
17%
.-Jan
23
53%
Jan
57 Va
Oct
86
SeD
27
62
Jun
124
Oct
9
08
25 Va Aug
52 %
Apr
112*
May
14% May
Oct
114
Dec
120% Aug
20
Dec
18 Va Nov
9
1
7
Jan
13% May
Oct
31
66
Apr
84 % May
23% fc>ep
14
14%
Dec
15% Nov
9% Jun
28
3%
Jan
& Nov
1
*
115
2
2
24
29
Dec
9
B
Baldwin Locomotive Works--—13
Baltimore ft Ohio——100
4% preferred
,—100
Bangor ft Aroostook
50
Conv 5% preferred—
100*
Barber Asphalt Corp
—10
Barker prothers-———No par
,
24% Aug 9
11% Jan 22
19% Jan 31
12% Jan 31
66 Mar 27
29Vi Aug 7
17% Jan 3
6%% preferred•'.,80
50% Jan 9
Barnsdall Oil Co.—..fe.,,.
8 ;fe 16% Jan 2
Bath Iron Works Corp.
——1
,14% Aug 17
•
Bayujc Cigars Inc___—
No par
32% Jan 19
?no•:-Beatrice Creamery—
,-257 r.36 Jan 23
iso ^' i $4.25 preferred—
No par" ;fe 106% July 3
13,200
Beech Aircraft Corp—
1.//' 9ye Apr 25
20 ■ Beech Creek RR——
-50"
35 Aug 17
100
^ Beeeh-Nut Packing Co—
—20
J14 Jan 20
1,100
- Belding-Heminway
'n
No par
-12% Jan 15
11,600 - -Bell Aircraft Corp_»
—-1
12% May 2
2.100
' Bell & Howell Co
-10
18 Aug 7.
,10
• 4V*% preferred
100
103% Sep 7
25,500
5.200
1.100
18%
43%
43V4
,49 :. 49
110
110
26%
.
38.400
10.600
700
260 i
8.200
1,200
90 ^
fe3o-- 35%
62% 52%
23 -23%
18%
44%
38
40
28.700
.
75%-
23V*
17%
♦43'A
12%
75%
52%
52%
18
♦17%
110
VI8V4
.-••••
43
35
21%
18%
12%
75%
29%
23%
37 *'•••
18%
37
52%
22%
17%
109%
,
22%
'36%
19
-
21'
52%
21%
'
18%
75%
-
*52%
52%
-
18%
.75 fe* ' 75%
*18
.
29
29%
22%
29%
22%.
36 V*
28%
21 Vb
28%
21%
Oct
125% Nov
Highest
$ per share
share
per
11
164 "A Jan 3
41 % Apr 9
—
-
27%
100
100
No par
...100
Fe———100
9% preferred
-100
Atlantic-Coast Line RR——,—-100
Atl G & W I SS Lines————1
•
9% non-cum preferred—-—100
Atlantic Refining
25
4% conv pre! series A
100
Atlas Corp
5
6% preferred
50
Atlas Powder
No par
9% conv preferred
100
Atlas Tack Corp
No par
Austin Nichols
No par
•
85 prior A
—
-No par
Autocar Co
5c
Corp of Del (The!——3
6.500
113
113 20%
20%
8%
8%
'.g%
ft
41 ~
87%
39Va
*123% 125%
25%
25%
17%
18
115
20% *
20 %
8%
,
16 %
'"fe 113
20%
20
■A
8'A
Va
'•
„
17% A 18%
19%
8
8%
25
56
83 %
125V2
*123%
125%
25
"
?
100
No par
No par
No par
Assoc Investment Co
5% preferred
_
Atch Topeka & Santa
—
113
113
20%
20%
56 %
*82
*56%
125
39
38%
113
112
112
60
107
*81%
88
37%
19%
19%
16%
*81%
37%
20
20
*25
88
36%
113
112
112%
•123
*81%
'
37'
s
No par
No par
No par
..100
—25
7% Jan
t
Oct
54
48% Apr 22
26 Jan 22
108 Jan 30
21 Mar 26
11% Mar 27
24'A Jan 24
'l&n 2%
41% Jan 2
2% Jan 2
60% Jan 22
54% Jan 22
11% Jan 2
176 Jan 2
15% Jan 2
75 Jan 2
18% Jan 4
17% Jan 15
32 Aug 21
^40% Jan 2
of Illinois—£.——5
$6 conv prior preferred—No par
7% preferred
—*
100
Armstrong Cork Co
No par
Arnold Constable Corp
5Artloom Corp
No par
Associated Dry Goods
— -1
9% 1st preferred
100
7% 2d preferred
100
Armour ft Co
5.900
500
1.500
4.000
100
35
138
139
51%
41
fe 113
20Va
20%
19%
82%
40 %
40Vt
*56'A
'
112
*39%
40%
115
Archer-Daniels-Midland
700
—
96
96%
*114% 115
73>' 776 %
72
114 %
Andes Copper Mining
A P W Paper Co Inc.
95,900
18Vb
*50
96%
71
87 %
36%
*
70%
38%
*81%
;
.
95%
„u,
96 %
114%
69%
'■ 69 %
68'A
•
1.200
'
1
19
*105%
107
95 Va
114
114
•
51 %
*105%
107
113%
95%
94'A
-
69%
*105%
/
*50
51%
*50%
51%
12%
":132
*137
139
*137
132
133%
134
19.600
28%
18V«
34%
138
*3.32
8%
* 1.8 %
American Seating Co
Amer Ship Building Co
Amer Smelting ft Refg
Preferred
.
American Snuff
6% non-cum preferred
Amer Steel Foundries
American Stores
—
American Stove Co
American Sugar Refining
Preferred —
Am Sumatra Tobacco
Amer Telep & Teleg Co
American Tobacco
Common class B
9% preferred
Amer Type Foundries Inc
American Viscose Corp
9% preferred
Am Water Wks & Eiec
$8 1st preferred
American Woolen
Preferred
Amer Zinc Lead & Smelt
9
prior conv preferred
Anaconda Copper Mining
Anaconda Wire & Cable
Anchor Hock Glass Corp
$4 preferred
—
Anderson, Clayton & Co
*2C0
122
*132% 134%
" 57%' 58%
134%
56
17%
38%
*120
55%
33%
29.900
650
4.600
110
5,500
53%
28%:
r
12%
120
*132 Vb
134 Va
IfO %
55%
18%
55%
18%
*
79V2
39%
12%
29
12
120
25 700
100
15.600
2.600
11.200
18
25%
8%
-8%
28%
28%
119%
119
119%
16Vb
8
—
112% 112%
433/4
42%
*15%. "16%
43
15%
4.2C0
113%
*77%'
39%
53
381/4
*
112%
413/4
'12
11%
11%
11%
112%
8%
28%
28%
*28%
37
16
7%
7%
7
.
40%
16
*15%
•
112%
*15%
10%
101/4
59%
119%
1251/4 127%
10 V8
10%
52 %
38V4
10
10 900
22
17%
*112
231/2
*
79%
39%
119
132
*118
18%
17%
39%
11%
*18
1191/2
*117%
*771/2
119
55%
59%
*
79%
.
♦130%
59%
21 Va
58%
36'A
36%
112%
40%
♦15%
16 VB
11%
59%
57%
50
40%
119
21%
39%
51%
36%
112%
41 Va
36%
♦
89 Va
159%
72%
38%
■
♦111%
7%
28% ' 29 5
89%
158%
21%
*77%
10
51'A
7%
88%
158%
79 %
:
39%
.
89 %
159%
88
122%
*77%
50
86%
122%
10%
122
81
38%
86%
159
21%
23
22%
86V4
86
85
150
42%
42%
187% I88V4
187%
87%
111%
10%
10 %
♦78
187Va
17%
"111%
17
♦111
51 %
150
52
153
186%
158
21%
58%
119%
57'A
29
1.800
1.700
2.900
3C0
900
11,400
1,300
4.000
360
42%
87%
20%
28%
24%
29Vi
52
186
158
157%
,
24%
41%
84%
87%
A
157% 157%
20%
21%
59 %
59 %
15.900
41 Va
85
—
41%
*41
41%
186%
84%
85
.
41%
41%
187%
41%
i
400
—100
25
100
—
Lowest
Highest
$ per share
3% Jan 6
43% May 14
103 Aug 21
28 Jan 24
42% Jan 24
20% Jan 2
69% Jan 30
15% Aug 21
x41 Mar 21
128 Oct 17
10% Aug 21
89% Feb 15
183% Jan 5
39 Jan 5
96 Jan 8
27 Jan 2
110 Jan 3
112% Mar 9
13% Jan 3
18% Jan 22
105% Apr 26
30% Jan 24
3% Jan 2
10% Jan 3
27 Jan 3
2% Jan 2
% Jan 2
20% Jan 2
91 Mar 1
33% Jan 24
5 Jan 3
47 Mar 1
68% Jan 2
6% Jan 5
70 Jan 15
9 Jan 3
—ao.ov
Aun-ncan oalewy
25
*147
151
*147
Preferred —
—
American Rolling Mill
4%% conv preferred
40%
541/2
51%
51
51%
175
48
156%
48
*154
49
41%
24%
28%
42 Va
39%
59 %
156
*154
156
*153
1.670
75.000
4.200
7,500
39.400
10
30.500
2.120
2.700
1.80C
730
5.500
450
28%
95%
30
170%
147
*J8l
186
28%
95 Va
28%
25
146
11%
58%
'
60
11 %
93%
84%
17
186
93%
38%
51%
**
II
7.100
4.000
2 200
140
X58%
10%
60%
800
"
'90
140
140%
85%
24%
147
33
33
140%
41%
156 '
35
17%
33
35%
94
28 Va
5
34%
i7i/2
321/4
'
121 %
83%
*29 Va
48%
*153
35%
183
95%
28%
121%
129
122
92%
95
*47%,
35%
■
92
27'A
39%
fe.'
156
♦153
141/.
35%
17%
31%
140 Va
59'A
11%
183
27%
170
___
3.200
11 600
GOO
5.100
*53
16'A
t
1.800
700
17,700
(,14
80%
16%
29%
48%
48%
9%
28%
170
12'A
1,400
33.900
1.900
13,300
Year 1944
January 1
Lowest
* Per share
38% Jan 2
113% Jan 2
121 Oct 25
23 Jan 10
Amer Distilling Co stamped——20
American Encaustic Thing———1
Amer European Sees—j
No par
American Export Lines Inc—-—_1
Amer & Foreign Power
No par
*7 preferred
No par
$7 2d preferred A
No par
*6 preferred
„
—No par
American Hawaiian SS Co
—10
American Hide & Leather
_1
6% conv preferred—:
50
American Home Products
—1
American Ice
No par
6%non-cum preferred
J00
Amer Internat Corp„;
No par
Certificates of deposit
—
American Invest Co of 111
1
5% conv preferred
——50
American Locomotive
No par
7% preferred
—,—-—.100
Amer Mach & Fdy Co
No par
Amer Mach & Metai3
No par
Amer Metals Co Ltd
No par
6% preferred
-;7"100
American News Co
No par
Amer Power ft Light
No par
*6 preferred
No par
$5 preferred--.
No par
Am Rad & Stand San y—.—No par
1.600
1,100
12%
88 Va
94%
.
31%
140 Va
79%
95%
28%
29%
41'A
59%
58%
17
16
94%
fe 169
34%
185
100
12Va
.
*12
125
*120
57
26%
40'A
34
31%
140%
13
100
3.800
53%
35'A
53%
17
91
4.100
2.400
14
*11%
118
35%
*184
60
V?
99%
12
12'A
11%
78%
27%
29%
10%
14
9%
26%
28%
44
10%
53%
35%
31%
185
♦184
44
10'A
100
87%
16%
•».
43%
*98%
57
79%
108%
116
12
11%
12'A
*140%
89%
80%
16%
9%
88%
108%
90
16%
58
10
55%
31 Va
11%.
35
<
30%
*56
100
117%
36%
16%
17%
'32
32%
140% 140%
36
115%
«57
35
117%
q3/4
cs/
12
53%
35%
17%
39
78%
90%
14
54
*16%
108
14
14%
77/8
73/
53 Va
*11%
14
44%
43 Va
11%
11%
12%
12%
106%
*106
540
146
24%
24'A
23%
23%
106% 107
43
43 Va
7%
7%
17 %
17%
3014
3934
6%
63/4
115% 116
30 V,
30%
108% 108%
44
44
9%
10%
050
58
90
91 %
12%
12%
*100
103
12%
12%
*12
12%
24%
89%
11%
*98 %
100
11%
24%
120'A
36%
135% 136%
24%
10 Va
10
160
4.500
900
3.700
220
60%
* 144 Va
24
90'A
89'A
12%
12
♦98%
135
145%
145%
43 Va
57
*55
91
90
107
9%
10
♦55%
.
36%
120
6%
115
30
106%
44%
106
44%
106
,
29%
30%
106%
29%
114%
114
191
59%
l2o
36%
60'A
31%
6
4,100
103%
igo Va
7%
17 Va
38 Va
16%
6
5'A
29
103
iqo
43%
38 Va
39
14
134%
24'A
106%
7%
13
103%
23%
42
7%
17'A
114
114
113%
106%
41%
*38%
39
6%
23%
23%
106%
17 %
17
17
23
13
4,600
340
3,000
1.800
80
72.700
130
35%
144
139%
23'A
*129
llq
118
34%
129
60
132%
♦7%
52
103%
35%
132 Va
♦38%
511/,.
]25/b
59%
113
41
=134
,
f'
iqn
♦116%
41%
18%
129
190
106%
73
iq
=
101'A
23%
73
T01/2
32Va
73
19
71%
18%
18%
51%
53
129
129
12'A
12%
190
23%
31%
31%
101%
23
31%
31%
102
23%
88%
80%
58%
117%
34%
2,000
7.900
38
86%
85
58 Va
140
37 Va
38
81
190
V
'
140%
37 V»
190
57%
49
139%
101%
189%
71/-
7i/e
71%
12%
126%
125%
32%
32%
7%
*48
49%
32%
49
190
59%
102%
900
13.100
500
2.dno
37
31%
129
12'A
140
Allls-Chalmers Mfg
No par
4% conv preferred
100
4% conv preferred (called)—100
Alpha Portland Cum
No par
Amalgam Leather Co Inc
—1
6%ccnv preferred
50
Amerada Petroleum Corp—No par
Amer Agricultural Chemical_No par
American Airlines
5
American Ban* Note
10
6% preferred
50
American Bosch Corp
1
Am Brake Shoe Co
No par
5%% preferred
100
Amer Cable ft Radio Corp
1
American Can
25
Preferred
100
American Car & Fdy
No par
7% non-cum preferred
100
Am Chain & Cable Inc
No par
5% conv preferred
100
American Chicle
No par
American Colortype Co
10
American Crystal Sugar
10
9% 1st preferred-,
100
11.100
1 900
3.600
50 Va
50 Va
50 Va
32%
139%
139%
72%
18'A
50%
129
126
124%
7%
48%
6%
37
*47
.
125%
124%
49%
32%
*32
EXCHANGE
Par
125%
124
123
123%
Range Since
NEW YORK STOCK
Shares
124
49'A
124
*123
■
Range for Previous
"
STOCKS
*
Sales for
the Week
$ per share
I per share
share
49'A
49%
48%
50
126
123 % 124%
49 Vt
125%
$ per
share
$ per
share
t per
share
Nov. 1
Oct. 31
Oct. 30
i
Oct. 29
Oct. 27
Friday
,f" Nov. 2
Thursday
Wednesday
Tuesday
Monday
Bttnliy
V'v-V '
•
•
Monday, November 5, 1945
CHRONICLE
Apr
18
26%
Dec
31V4 Oct
10
28% Jun
26
5%
Jan
13%
Dec
44 Va Jun
22
9%
Jan
23%
Dec
9%
Jan
14%
Dec
60'
Jan
68 Va
Dec
21%
Apr
23%
Dec
12
Jan
14%
Sep
21
23
.
f
Jun
79
July 13
.
"44% May 16
35% NoV
54
25
2
Apr 30
Feb
28
;
-
18
July
18%'Mar
19%
Dec
7
14% Aug
45% Oct
5
25%
Feb
34% Nov
Oct
16
31
Jan
38
105%
Jun
111
;
Oct
7%
Jun
14%
Der
Jan
38
Def
22% Mar
50
110,
Janf 11
15% Jun
28
40 y* Juri
6
128
19
31
'
Dec
Oct
9
UIV4
Jun
121
Nov
Oct
9
2
10%
Jan
13
July
27% Nov
10%
Apr
15%
23% Oct
2
Jun
2
108
Jan
Volume 162
Number 443S
THE COMMERCIAL
& FINANCIAL CHRONICLE
NEW YORK STOCK
LOW
gstnrday
Monday
Oct. 2?
O
$ per share
■■
;
'
AND
Tuesday
#t>'•
t. 2:1
$ per share
r
t
5*%
57
56%
26
26»/4
*55
PRICES
••
Thnrsday
M Oct* 81 ■' ;
S
share
per
26%
*55
59%
!
27
5 6 Ma
*55
-
V
59%|Mi60
27%
59
27%
26 M»
56
$ per share-
;
27Mi
'/
56%
*55
Shares
27
26%
26%
27 Ma
27%
27%
28
58%
23
22%
23 Ma
22%
23%
223%
23%
23M»
91%
93 Mi
92%
94 Ma
150
150
68
67
67
*67
69
28a/4
29 Mi
28%
28%
19
19 Mi
18%
19 Ms
26%
36%
*109
25
27
*26
36%
:
24% 1 25>/a
25%
62 Vs
63%
623/4
VJ^M68%
30%
"
■>■•'
27MV 27
36'/iu
35%
y
-
r
Be$t Foods
/
27Mi.
25%
26%
62%
63
67
104%
104 Ma
*103'4
104%
104%
62 Va
63 Ma
63 Va
63%
63%
64 '/a
*62M2
33
33%
32%
33-
32 Ma
33
33
160
159
^V5"/25%
:
66
.'
26M2
66 Ma
*104%
'
4
—
*153
*155
160
158
*156
—
443/4
43%
44 Mi
44 Mi
497/e
48
8', 4
■
—
44 %
49%
—
8 Mi
*56
—
49 Mt
8 Mi
8 Mi
"56 Ma
24%
106-Vt
48 Ma
50
—
50
66
44%
503/4
51%
V 8 Ma
8%
Bon
Ami
Co
class
25%
*62%
47
48
48%
50
49%
49%
49%
493/4
67
673/l
66
68
*109
110 Ma
*109
33%
33 "8
16
110'/a
*109
*66
163/4
16Mb
33
33%
33%
64'/2
*63'/4
64
*62%
,
17%
'■■■
50%
50%
34%"
64
*63 M2
64
34
_
34 Mi
33 Mi
34
33%
34'/a
34^4
17%
17%
17%
18 Ma
18Ma
18%
125
--
125
*125'/a
127
*125 Ma
127
*125 Ma
17%'
16%
■'17Mi
17 Mo
173/4
18
95
95'/a
94'/4
95 Mb
95 %
95 Ma
95 M2
-
19 Mi
18%
19
18%
19%
19%-
*34 Mi
35'/a
*33 '/a
*33%
34 Ma
27 Mb
27%
27
27
31%
31 Mi
31
31
34 Ma
34%
*109 Mb
16%
34»/a
34 Mb
113
16%
64
'
-
C
127
's
18
18%
20
•
34%' "34%.
29%
32 Ma
32%
33
16%
16%
17 Ma
10 Ma
11
10%
103/4
10%
11
85
85
85
85
86 Ma
34%
34
*109%
86'/a
xi6%
:
■
:
,
343/8
110
110
17
17Mi
11
ll-%
86
87%
86Ma--89
'
i
,
'.*.
67%
69 %
70 V*
74
74 Mi
72%
73
72%
24
23%
23%
x23 Ma
23 3%
237/a
24M4
243/e
"24%
*107 '/a
109 Mi
*107 Ma
109%
*108Ma
109M2
109Ma
109'/a
5 Ma
5 Ma
5%
5 Ma
> 5 Mi
22%
23%
*107%
109 Mi
5
5
5'b
21%
22 3 8
98 Mi
99
30
30
5
21%
22 Ma
99
5
99%
x29rii
22%
23
35%
36
X35%
35%
*54%
55
*53%
54
*5°%
2%
3
2%
2%
7%
3%
23
99Ma
99'/2
23%
29 "a
223/4
99%
*99
29%
30 Mi
20J/4
35
?5 %
35
54
75
8
28
43 Mi
127
127
*125
127
125
*123
-
;
50
50
50
48%
48
50
50
51
15%
15%
15 34
15%
16%
16Mb
16%
57 1
57
563/4
*56%
5734
16 Mi
16 Ma
*55 Ma
56
131
130'/a
*55%
130'/a
131
39%
40'/a
40
40
40%
40%
27%
28-%
27 Mi
27%
27 3 4
28 34
69 Ma
71
70
70
7%
42 V2
43
160
161
*159
Canadian
Cannon
293/a
5,400
72'/a
1.500
734
73/4
900
44'/a
433/4
No
159
69
69
69'%
52%
50
51
51%
52%
52
52'/a
51%
52 Ma
Case
107%
107 Ma
107
107 Mi
148 Ma
149
150
150
130
108
*106 Mi
107
107
149 Ma
150
150
150
19%
19
19%
19'/4
19%
19%
20
20
20
20 Vb
20%
203/4
20%
21
20%
21
20'/a
2034
1,020
23
23%
22%
23 Mi
2234
23%
23%
23 Ml
23'/a
23 V*
6,100
93%
18.300
15%
16%
32%
33
33%
34
33%
34'/a
9 3%
9%
9
*113
115
115
16 V*
10
16'/a
&
I>
-
1,500
19%
19 Ma
19%
19%
19%
20
1.300
40%
40%
41 Mi
41M4
42
41 Mi
42
10.000
Century Ribbon Mills
Cerro de Pasco Copper
14%
14%
14 %
15
14%
15
14'/a
14%
16,200
Certain-teed
*107 Ma
108'/a
*107'/a
108 Ma
108 Ma
108 Ma
*107 »/a
108'/a
20
32%
32%
*32 Mb
32 Ma
*32 Mb
32%
32'/a
900
46%
1.800
44 Mi
44%
44'/a
44'/2
44%
45 Ma
109 Mi
109 Mi
109'/a
109'/a
*109 Ma
llO'/a
66%
68
*17'/2
18
18
56%
57%
9 Ma
21%
*110'/2
71
69
112
21
Champion Pap & Fib Co
$4.50
Checxer
1.700
-
preferred
Cab
18%
56 Vb
57 Va
56%
57 Mi
17.9Q0
10 3/l
10
10%
22,500
Chic &
21%
22 Mi
22
22 Mi
22 Mi
22%
6,500
Class
18
Chesapeake Corp of Va.
400
East 111 RR
No
11 Mi
10%
11
10%
10%
2 9 Mi
30
29 Mi
30
2,600
25 Mi
25'/a
26
253/s
26
21,900
Chic
14.200
66'/a
66'/a
67
67
67%
67 Mi
673/4
43%
42%
43
42%
43%
43%
44
43%
44
5.600
69'/a
69
69 Ma
69 Ma
70%
70'/a
703/8
71
4.300
29
2934
29
29 Mi
29'/a
30
71%
30%
30 Mi
31%
2,500
28%
28%
29
1 "as)
58 Mi
58'A
58 Mi
58 Mi
*58
58 3/4
22
22
21%
21%
*21 Ma
22 Ma
19
19 Mb
18%
18%
19 Mi
19%
8 Mi
*38
—
8 Mi
8 Mi
122 Ma
51 Mb
23%
*46%
46"
48
51%
16 Mi
24
v
*46
16%
15%
59
59
59 Ma
*190
16%
60 Ma
22
19 Ma
19 3%
1,100
Chlckasha
8 Ma
3,000
tChilds
8%
8'/i
*38%
39
200
101
127%
17.100
Chrysler
53%
12.400
C I T Financial
25 V*
1.700
46%
80
*46'%
46%
102,
*101
102
110 Ma
21
17 Ma
18%
6,100
City
60 Mi
61
*60 Mi
613^
1.400
Clark
200
*190
*190
200
*100
102
*100
102
111
*110%:. 111
*190
200
*100
111
O.
4
~l6
102
*
llO'/a
*
55
*56 MB
56 MB
108
10O
*99%
100
*56%
39
51
58 Ma
*56%
39%
51 Ma
39
38 Mi
38
50
50 Ma
50
61
106%
100
O.
5%
Clev
330
Ma1
40
51 Ma
66%
102
Stores—
Equipment
C.
&
St,
Louis
preferred
El
Ilium
$4.50
pfd
51 Ma
39%
40 Ma
52
.
*50 Ma
*151
155
*151
155
*151
V 155
180
180
180
"179
/ 179
176
178
65 Ma
66
417/B
42 Ma
41 Ma
42 Mi
"
103
*103
103
'
•.'
43 Ma
——
*112
—
?
.
For
——
.
footnotes
15
see
43 Ma
" 115
-r
15%
page
.
/
'
43%
*112
i-i >15
2163.
42% "42%
103 Ma
103 Mi
103 Mi
43'/a
43 Ma
115
15
44
115 V
*112
14%
64 Ma
;
15 Ml
65 Mi
65 Ma
*1,200
*1200
*1200
*1200
—
65%
*1,200
2.500
'
155
*175
65 Ma
10
8.900
51 Ma
*151
179 Ma
65 Ma
-
58 Ma
152
Mi
??
'*56%
*64 Ma
W
7*.
65%
"600
420.
7
43
44%
3.900
103%
103%
103%
103%
7/ i«0
44 Mi
44%
44 %
44%
1.500
*132
14%
43
115
15%
;
112
V
14%
112
15 Ma
'
Jan
Nov
2
43 %
Oct
2
Oct
10
14.400
Oct
30% Oct
'
A
—
$3.50
preferred
Collins A Alkman—
6%
cony
preferred
Colo Fuel & Iron Corp
:
26, /
Apr
25
8ep
30% July
57
Nov
•
27 V* Sep 20
Apr. 17
24%
Jan
533/4
Feb
3% Oct 19
%
Jan
56
9
Feb
6
23
29% Sep 21
45% Oct
9
Oct
x62
Sep
47%
33%
Jan
26
834
Jan
12% July
11
42%
Apr
51'/a July
11 Ma Dec
Oct
7' 6% Feb
43%
2
Nov
•
1
&' 97
27 Ma
42Ml Oct 19
Jan
54 %
Jan
119
Jun
Oct 18
33
33 Ma
Nov
30% Oct
45
Dec
Feb
21% July
35 Mi Dec
23
18% Oct 11
56
132
Jun
Jan
23 Mi
Apr 24
19 Ma Jun
lMi
7%
May
15 Mi
Nov
Dec
Dec
Dec
Dec
22%
Dec
65
Jan
Dec
53/4
Apr
>
39
Oct
Mar
7
143 Ma
July
2
44 Mi
Jan
54
55% Sep 2s>
3
31%
Apr
40'%
96%
Jun
106
Dee
Jan
7 129 V2
Nov
15 Va
Jun
171
15
-
May
110
Jun
153
Jun 14
5
113
152 Mi
Dec
July
Jan
1
11
21% Sep 21
17
Jan
19 Ma July
24Vo .Tor,
19
Nov
^,.23 ? July
21
5
2
13
Oct
9Ma Nov
1ft
Jan
2%
1
107
Jan
4% July
Jan
114
Sep
20 Mi Jun
18
8 Ma
Apr
15
Mar
Mar 26
38
.Tun
la
20%
Apr
22% Nov
20
Nov
2
7 Mi
Jan
12 Ma
Sep 21
15% Sep 20
30'/a
Feb
37%
115'/4
ceo
2».
44
4% Apr
Dec
Jan
9
Jun
180
Sep
14
57
May
134
Nov
33
Oct
26
17%
Apr
23
Dec
23
Jan
31 Mi
Dec
27%
Jan
463/i
July
46 M2 Nov
1
77
Nov
2
18
3
2
llO'/z NOV
3
18
Oct
22
11
Feb
14 Ma
Dec
58s'« Oct
17
44
Dec
18
53/4
Apr
Sep
50%
12% Jun
26
IS
11%
Jan
18% Mar
4 Ma
Jan
77/a Mar
Jan
25% Mar
15% Jan
5
22
Jun
9 Ma Mar
5% Jan 22
12 Ma Jun
18
7 24
Jan 22
24% Oct 30
34 Mi Jun
18
27'/a Oct
5
70% Oct
10
49 Ma Jun
28
21 Ma
76% Jun
26
43 Ma
Apr
Sep
65 Ma July
31% Oct
8
15%
Feb
21%
,
66'/a Oct 24
25 V* Jan 22
54% Jan 22
7 19M2 Jan
2
19% Jan
2
49
Jan
3
54
Jan ; 4
15% Jan • 3
16
/
'
,
4% Jan
29% Jan
140
>7
2
2
Jan 24
Jan
2
Jan
2
Jan
2
98
Jan
2
79% Jan 27
93%
53%
34V*
35%
7
4
91%
42%
20%
31
49
170
89
1093/4
44
106'%
-
Jan 7
Jan
2
Feb 20
Jan 26
Jan
2
Jan 22
Nov
1
Jan 7 3
Jan 17
Jan
2
Jan
5
Apr> 9
130
May 31
62 Ma Jan
2
• 31 Ms Feb
2
lOlMaOct
24
No par
34% Jan
2
110
Aug 24
14% Oct 23
new..No par
Dec
19
4
No par
10°
Dec
96
6 Va Mar 26
par
Coca-Cola International Corp No par
Ci^arp-Paimolive-Peet——N« par
17a/«
Jan
47% Mar 27
par
par
'Apr
17%
41
Jan
14 '/a Jan
No par
No
12 Ma
67 Vz
56 Ma
28Vz Jan
——100
;
~3% July
15
28 *
8
1083/4 Oct
Coca-Cola Co'(The)——No par
Class
Dec
21'/4 Mar 28
"
par
—100
Clev A Pitts RR Co 7% gtd
~50
Special gtd
stock—
—50
Climax Molybdenun*—
No par
Cluett Peabody A Co
——No par
Dec
15%
2% Apr
19
Dec
70Ma
108Vz Oct 26
par
(The).*.—.1
Jun
9% Deo
83
Apr
8% Jan
11
Jan
Dec
16
•
5 Ma Oct
i
Dec
Jan
54
24
;
Jun
153/fe
Jan
4
2
101 Ma Feb
16
>'
preferred
Preferred
10
•
'
42%
5%
12 '/e
1
Nov
,
110
:
113'e
22 Ma
20%
.
10% Jan 22
No par
Ry. Co
100
————100
Clev Oraph Bronze Co
3.800
120
58 Ma
'179 Ma
152
..
107
40%
*56%
403/a
.
*99 Ma
100
558%
|
61
*106%
106 3/i
100
*99%
*56%
58 Ma
60 Ml
108
*107
108
*99 3/8
58%
57 Ma
57
108
Dec
2
10
4Mi Jan
-
*1063/4
77%
Sep
73/i Oct
10% Apr
No par
100
5
City Investing Co
5%%
preferred—
10
17
*110 Ma
Dec
12 Ma July
;
Jan
76 Mi Oct
109% Jan
No par
No par
No
r
16%
Nov
25%
Jan 22
20Ms Apr
—9
—No par
Corp
17
9
152
23 "
Fuel
*
5M4 Jan
2
35% Jan 26
10
Corp
Ice Si
16%
111
Apr
Dec
Dec
19
Nov
75j
Mar 26
59% Aug
No par
No
No
243/4
City
i—No
Oil
Co
52
126 Ma
w
Copper Co
24%.
46 3/4
102
*100
111
Chile
20
.
52 3/i
102
60%
200
*190
101
39
Cotton
127%
"
111
240
400
52 Mi
16%
60
58rM4
21
19'/a
*24%
102
16
*58
22%
200
125 Ma
47
*101
46 %
58%
8 Mi
52 Ma
24
102
*101
102
*101
122 Mi
24
*23 Ma
58
193/a
125 Mi
123
51
52
.24 Ma
*56
39
vtc
Chicago Pneumat Tool
$3 conv preferred
Pr pf ($2.50) cum div
Chicago Yellow Cab
56%
*21 Ma
39
52
121%
124%
*38
PI P
Milw St
*58
8 Mi
8
8 Mi
39
*38
39
29
Dec
25%
Jan
7 Mi
49 Mi
Jan
89
Jan 4 5
52
Series A
preferred w i
100
Chicago & Northwest'n w i„No par
5%
preferred wi
.—100
Chicago Mail Order Co
5
67%
29
5%
47 Ma
uyi
116% Jan
2
32
Mar 26
50
-50
Chicago Great West RR Co__
5% preferred
8,300
43
29
116
18% May 1
24
jl
>
40
A
'30 Vb
69 Mb
Jan
Oct
110
Mar 26
47
par
10
567/b
36
Aug 21
113% Feb
—25
Co
24 Ma
56 Ma
21
31
5
—5
29%
*56
19.
20
,
par
67 Mi
—
.:
No par
10
28%
Oct
24
29'/2
57%
10
97
24
2434
28'4
183/4 Oct
2
Jan
29 Mi
57%
129
Jan
24%
28%
Jan
2
30 Mi
57%
4
7
Chesapeake & Ohio Ry
10 v*
28%
127% Oct
Aug
July
'0' 14
33
Mfg
*17 Ma
*55 Ma
Jan
22 »/4 Mar 26
25
-No
10%
*30
Jan
8 Me
2
,
74% Jan
100
18
66%
17 V*
8
48'% Jan
25%
9%
Jan
10
par
30
10%
39%
Oct
18 Ma Oct
53
24%
10 Mi
Oct
10 Ma Jan
No par
57
X18
00
36
100
0% prior preferred
97'a
18
56
2
25
No par
No par
Chain Belt Co
30
77
74
.
Jan
12% Mar 27
120
Jan 22
1
22 %
9>/4
21 Mi
68
45 Ma
110'/a
July
45
—100
Products
9%
18 Mi
57
56 Mi
938
67%
67
*66
46 Mi
46
110'/a
4422V*
104% May 15
127
Jan
2
14% Jan
2
18 V2 Jan
5
19
32
Jan
37'% Jan
40
32
14%
70% Oct
15 Ma
108'/a
347/8 Nov
473/4 Jan 22
18'/a
32
Jan ;\2
1
-
40%
*107 Ma
Oct
July 26
2
25
14'/a
—
53 Ma
110'/a Nov
233/4.Jan
100
5
Co
39%
—
50
Jan
10
—
Ry
Corp
*17%
xl9
44%
Jan
40 Mi
21
class A*.l
Ohio
tCent RR of New Jersey
Central Violeta Sugar Co
2.800
343/a
x34
Jan
39
$4.75 1st preferred
No par
7% 2d preferred——
—100
Celotex Corp_.
No par
5% preferred
20
Central Agulrre Assoc—..
-No pat
Central Foundry Co
1
Central 111 Lt 4Ma%> preferred—100
5.400
19%
20%
*113
; 27
2
1»
—No par
Celanese Corp of Amer—
No par
200
l*%
o-t; v •:
Nov
70% Oct
Caterpillar Tractor
400
150
(J
Preferred.
19.300
9
*1 Mi
55
—
3,500
50%
Clinch
Carriers & General
10,100
160
33 Ma
Mills—^
Capital Administration
$3 preferred
1,400
71 Ma
15
Oct
17
128
28%
*113
53
106
Carpenter Steel Co
Carrier Corp —-—.———-->10
4 Ma %
preferred
50
8%
Feb
49% Jan
4
700
14%
40%
40 M« Mar 27
8
41%
114'/a
Jan
37% Mar 27 i
53
41%
28 3/4
8%
123/4
123/4 July
Jan
42
14%
22
io3/4 Jan
Carolina
*113'/a
65'/a Oct
15
.
1; 8% Jan
100
10
9
16.
41% July
17% Sep 21 •
par
170
114
Jan
103/4 Mar 27
25
Co
55 Ma
68%
33
No
Ry
Pacific Ry
131 Va
68;ii
9%
47
Ale common—5
55 Ma
68%
115
Dry Ginger
131 Mi
68%
8%
45
Oct
21% Aug
Oct
1
4
Southern
68
15
7 Mi July
/>•
6% Apr
preferred
160
114
VV
59
273/4 Nov
9'
2
57
*106%
Jan
103/4 Jun. 18
5
24
3
$4.25
69
150
3%
37 Ma Jan
:
26
Canada
400
44%
Oct
Dec
:>
1% Jan
90
160
*106%
; •!
Jan
52% Sep
150
42,700
160
Sep
Hi 4
34%
109% May
Jan
27 M2 Jan
2.600
17%
Dec
55 Mi
.
34 Ma
1
Canada
7%
160
Oct. 19
Jan
283/4
42 Mi Ja,n
'
Copper——5
Campbell W & C Fdy—__._No par
68%
160
46%
1
50
No
Zinc-Lead
1.500
423/4
43
:>/■ 98
19
23
par
Packing
preferred-
5%
12,200
57
Jun
52M4 Oct
87
8 Ms
44'/2
Nov
52%
.
v88Ma Apr
24
Oct
193/a
Jan
45 Mi Oct
Participating preferred
—100
Byron Jackson Co^—
s.—No par
28 Va
71%
*70
Oct
34% Oct
162
5
;
California
>
8
7%
7%
42%
28 V*
703'4
734
42%
42
70 34
7%
*7%
7%
Aug 10
66-
•
3
Jun
,'45
0
132
*40 Ma
Jan
173/4 Mar
No par
28
-17 Ma
106
>
12%
8
36 Ma Apr
5'/4 Apr
par
'28'/a
■mvt
*'55 Ma
132
Fei» 19
27
V
.
33M2 Apr' 5
par
8'/a
17
56
130%
56
*55%
*130 Ma
114
69'/4 Oct
.r
52'/2 Apr - 3
24"% July 20
'
par
29% Jun
>2
So n Oct
2,800
16 yfi 16%
16
95
24'
.
j* 51
15 Ma
57
Dec
Dec
17'/, Apr
49 Ma Jan
.
)
125
50
16
Jan
22 Ma
,
Calumet & Hecla Cons
734
42%
*56 3 4
/16
2
Deb
20
No par
No
283/4 Oct
2
Callahan
27 3 4
16 Mi
Dec
19
20
7%
57"
15
12
27,600
42
16 Mi
jan
Sep
3%
27%
*56%
73/i
3ru" Oct
53%
7%
*123%
197/s NOVv 1
30 V* Nov
35'/a
*44%
2
10
Jan i 2"
Budd Wheel—
NO par f;:!
/Buffalo Forge Co—j,—U
22% Jan -3
p
Bullard Co—
a
No var
183/4 Jan 22
2,900
Bulova Watch Co, Inc.—
y
,__5 ;
30'/4 Aug 27
6,100
Burlington Mills Corp common___l
20% Apr
6
105
200
V 4V# preferred
—100
Sep 13
12.900 1 / Burroughs Adding Mach
No par ;
13% Jan 424
7 Mi Mar 28
11,600 '■
Bush Terminal.
s
l *
77 Ma Aug 23
110'
"
6% preferred
_.._100 /
59'/4 Mar 27
1.260.
Term Bldg 7% preferred__100 414% Jan
6
2.400
;
Butler Bros common-—
—10 4.
105% July 26
100
i
4%% preferred—:
—100 r
3% Jan i 2
5,900
Butte Copper & Zinc—
515
Jan 22
4.400
* Byers Co (A M)_—
j
No par ;v
3%
45
Aug
100
53%
41 Ma
43%.
25 Me
109
100 .'
——
35Ma.
27 Mi
125
$5 preferred
>
800
43
125
'
30 Mi
27 Ma
8
Oct
Jan
14 Mi Mar
No pat
293/4
42.
28'/2
51 Ma
16 Ma
Oct
93 Va Mar
No ?ar
,—5
brown Shoe Co—
220
27 Va
8
No
Bruns-Balke-Collender
99Ma
:"/4
Feb
17
1
19
15.:
No
Manufacturing
54
?'/8
3 7 Mi
31
66% Julv
130
14
—100/
lo 4
35 Ma
|
*53%
3 Me
"99
,
70Ma Oct- 4
2
—
17Mi
11 Mi
24
73
2
6,300
C.
•
33 Mi
11
•
1,290
-30Mi1
34
113
Feb
37 Mi Oct
1
Brooklyn Union Gas—
200
Jan
111% Jun
No par
Bnggs A Stratton
r
jan
Nov
I8M2 Jan 23
-
No par
—
July
15%
56 V*
115%
152
Xl08'/a Mar 26
.5
£
Jan
1
% Sep
97% Nov
V'V.20Mi Jan 26
5
A,,—;
;
1
V
2
6,400 ",
34%
34 V*
5
;
Dec
56'/a
20M,
533/4 Nov
12
Dec
20%
.
•
:
'
287/a
113
•
x,
27%
x34
par
Bucyrua-Erle Co—,——
—5
20 :
V • ?* prefer red
——
^-100
20.600 M Budd OS Gl Mfg_._——»__No par
"
27 Ma
*109%
13% Jan
6,000
i
-96
19%
Jan
•
—100
Bristol-Myers
Co—
' 3%% preferred
—
4,600
18 Ms
32
*34
"
.
36
95%
'
5.600
.
31%
109'/a
16%
18Mi
Jan
23
No
common
preferred
BriRgs
1
2.5C0
10
27
35
109%
.
34Ma
*125Ma
48
.«•}
Jan
49%
19
2
share
per
Jan-
17
5
28% Oct
2
par
Bridgeport Brass Co—.4
900 '
33%
-
Jan
No
'?* Brewing Cdrp. of America
8.100
f
iio'/a
36
20
-
,
7,900
:
69
'17%
96
18%
--
•
127
17
--
•
'
.
.
110%
-
36
18 Mb
t:
i
64
'-•
J
49 %
^
22
Jan
Borden Co (The).
i.
Borg-Warner Corp—;
5 4
*
2.000
V Boston & Maine RR (assented)-100
:
600 :
Bower Roller Bearing Co
,-—5 ;
19,500
Branlff Airways Inc
—2.50 \
55
69
Jan
33 Ma
Aug 28
Highest
$
share
per
15
*
44.760
17Ma
53
*
34Va
17%
_
: 75
49"
v
<
HOMa
109
343/4
J
I
69%
17
127
6.200
573/4
27Ma
16%
•
:
8%l -> 8%
573/4
" >'■'26%
52
*68Ma
110 Ma
/
"
27%
4 %*>
100
52%
75"'"*66
-
16% '
49
;
'
* Class B
1
Bond Stores Inc
v
6,603
M ''
22>/2 Aug 31
No par
160
C
44M4"
'-''.51%
"
?
57*
57
25%
165
-v
44Mi
'
9
"
34Ma
share
56% Jun
5
65
No par
90
>
'
V i 62'/a
M '337/a
*158
44 *:
75
*62
62
*
"
159
56%"
24 Ma
75
16
66
—
„
I6M1
47 Vb
—
.
56%
25 Vb
*62
75
16Mb
50 Ma
'
'
34Ma
50 Ma
Ma
56%
25 Mi
64"
44%
8'/4
58'/a
24%
*62
'
July
par
Black & Decker Mfg Co—
Blaw-Knox Co
"
—
54
par
Blgelow-Sanf Carp Inc_^
per
28
12
100
■'■■■%—{
.
i'ear 1944
Lowest
61% Qct
1
No
$
share
19% Jan
1
»
(Del)
"4001: Bliss A Laughlin Inc.—.
170
Bloomlngdale Brothers-—
Blumenthal & Co preferred
21.000 ,/Boeing Airplane Co
a.
2.400'
Boton Aluminum k Biasa
i
36 M '/36Ma '
112Mv
per
473/4 jan • 6 %
par
Bethlehem Steel
7* preferred
10.100
*109% 112*109%
25%
62
-""*26%
No
/
;
-
S
'f •
50O
V
30Vz
'$/£&'19%'V
36
par.
2.300
68M2
30
: '
\
.
600
♦152^.,'153
19% *19%
112
25 Ma
623/4
*103 Mi
27
36
*109 Ma
112
29%
193/4
27
3634
*109'%
152
*67.^f'69
29 Ma
"19
27
*56
112
28%
152
'
<
Best $1 Co
/
8,8C0i
17,400.
151
*66
1.800
/
Range Since January 1
V ,*;s Highest
■•'i Lowest
Pr pfd $2.50 dlv series '38.No
:
Range for Previous
040
STOCK
Benenciai Indus Loan—
t
23%'
94%
*148
YORK
EXCHANGE
/
"
3,300.
28%.
22%
149
.
.
56%
93%
149
NEW
•
.♦»" V ^ 500-...
27%'
*■
RECORD
-..v,/;.;-STOCKS
Sales for
'•• 'VVtlie Weejt
per share
*57%
57%
Friday
••NoPh.1*';>
■
57
26
56 Mi
SALE
Wednesday
share
per
*55
27
HIGH
;
18
30 3/4
Nov
Dec
29 3/4 Oct
17
16 Ma
Jan
21 % July
59 Ma Oct
15
383/i
Jan
49Ma Nov
58% Apr
16
47
Jan.
24 Mi Oct
10
13
19'/a Oct
4
9 Mi Oct
11
39 Ma Oct
■
15
128% Sep 12
•24
•
Aug 28
58
25'A Nov
Oct
18% NOV
2
6%
30
98 Ma
186
Apr
19
105 '
Mail 15 7
no. t 17
Jun
Oct
July
Jun
40 Me
Feb
50 Va July
143/4
Jan
25 '/a July
25% NOV
1
lis
.17'/a
77% Feb
95
2
Nov
7 19 Mi July
May
20
Oct
/
57
Jan
19"
4 >'/2
105
61
•
14% May
1% Jan
31%
Dec
Nov
96 Va
Oct
6%
Jan
10"%
Jan
353/4
Feb
53
Dec
Jan
185
Jun
148
76
Jan
110
Nov
115 Va;
Jan
Apr
45%
Jun
37 Ma
90
Jun
66 Ma Nov
2
110 Ma Apr
16
106
Mar
I109
Jan
100
30
92
Jun
96
Aug
Jun
57% July
2
413/4 Sep
mV*
3
*4
7.0% May
34% Apr
53%
52% Mar
152
Oct
29
145
Oct
6
111
Fob
65% Aug 27
■I- 44%
Nov
103Ma NOV
47
115
2
,
July
146% July
59% July
67 Va
23Ma
33% Deo
Jan
2
O-t
8
25%
Apr
Jan-
9
109%
Feb
15'% Oct 24
39 Va July
152
Feb
183
Oct
38% Mar
f
Jun
COMMERCIAL & FINANCIAL
THE
2156
YORK STOCK
NEW
Monday, November 5, 1945
CHRONICLE
RECORD
Range for Previous
STOCKS
Oct. 29
Oct. 30
.s.v;„
.* $ per share
t per share
share
37%
37%
36%
30%
Nov. 1
'
t per
f per share
36%
37
,37
:
share
^37
•33%
34
33
33
32%
33%
33%'
*30%
31%
31
31
31%
31%
43
43%
42%
43
42%
42%
42%
•42%
43
42%
31%
42%
42%
9%
8%
?-
;.:-4:'Q
K":
106%
10S
'
30%
*52%
46
•105
38
31%
46%
107%
18%
19%
5%
33%
47% '
19%
19%
47%"
48%
4
* /4
2%
2%
2%
116%
118%
119%
120%
33%
33%
33%
33%
33%
33%
4R
4R
461/2
46%
35
35%
35%
35%
40%
5%
33%
108%
> 5%
? 35%
45%
34%
35%
34%
35%
39%
39%
40%
40%
*40%
5%
5%
5%
5'A
5%
*40
41
33
33%
33
33%
33%
•108
108%
108
108%
108%
128%
5%
*%
5%
5%
33%
5%
5%
5%
35
34
34%
33%
108
5%
35 %
f
35
34%
2%
122
35%
34%
13%
41%
13%
13%
13%
13%
13>A
13 %
13%
13%
41
41
40%
40%
40%
42%
41%
42
24%
24%
24
24%
24%
25%
x24%
25%
24%
247/s
29%
30
20%
29%
29%
30
30
m
30%
*29%
30%
4%% conv preferred
20%
21
23%
23%
24%
20
20
26
26%
26%
114%
114%
114%
*6 preferr^Berles
35%
35
35%
35%
11%
11%
11%
11%
11%
105
105
105
105
105
•104
46 %
44%
45%
107%
107%
108%
46%
46
108%
1.350
36%
12%
105%
47
3,000
15,800
400
7,900
700
12.300
1.500
23.300
105
46%
*108% 108%
16
16%
57%
57%
108
<■105
46
45%
107%
12
15%
15%
14%
15%
15%
15%
15%
108%
i6%
55%
55%
55%
55%
55%
56%
56%
57%
15%
15%
15
15%
15%
15%
15%
16
15%
16
35
35%
36%
36%
36%
38'A
22%
*52
17%
53'A
19%
62%
35%
104
69%
190
10%
5%
38%
23%
1.300
5,500
190
108%
35%
26
35
35%
34
37%
37%
37%
37%
38
38%
38%
39
21%
22
21
21%
21%
21%
22
22%
52
52%
52
53
53
•52
53
*52
16%
16%
16%
16%
16%
16%
53
53%
•52%
53%
*52%
53%
19%
19%
19%
19%
19%
20%
20
20%
62%
62%
62%
34%
35%
62%
62%
61%
62%
62%
34%
34%
34%
34%
34%
34%
103%
103%
103%
103%
103%
1
•103
70
70%
69%
70
139%
139%
190
190
9%
10%
5%
4%
38%
39%
105%
105%
39%
36%
29%
29%
52
29
29 v
107
107%
118
117%
118
48
*117%
48
47 %
47%
105% 106
48
•
106%
106
103%
29%
29%
107% 107%
108
108
118%
118%
49%
49
106%
107
•
'
118%
491/2
107
27%
27%
28
28
28
28
231/2
30
19%
20%
19%
19%
19%
19%
20
20%
*145%
•145%
•145%
'•
45%
44
44%
45%
44
*145%
•
8
7%
29%
28
K
47
47
*105%
38
i
38%
23%
73%
73%
73%
7%
7%
77/3
28
28%
*123
28%
130
29%
29%
18%
*18%
19%
18%
3%% preferred
6.2C0
3.1G0
360
500
4,600
1.100
1.460
10.700
16,400
400
600
10
107
38%
23%
28%
*123
30
29%
400
14,000
70
1.700
36.100
6,300
28%
130
30%
—
'
3.000
''-r£v;-r
19
19
21%
21%
21%
*111%
112%
*111%
21 %
22%
22%
7.000
111%
49%
46
38%
26
44'A
13%
24%
10
1.700
7.400
2.100
200
8,400
29.400
13,600
21%
20%
•111%
112%
•111%
112%
44%
44%
•43%
44%
46
46%
47
48
44%
45%
44%
44%
44%
45%
45%
46%
111%
48%
45 %
'
113
38
38'A
38
38%
38%
38%
*33
38%
38%
*26
26%
; "26
26%
26
26
*26%
26% 1
26
42
41%
43%
433A
13%
24%
41%
43%
12%
12%'
12%
12%
12%
13
13
44%
13%
24%
24%
24%
24%
24%
24%
24%
24%
74
74
42%
43%
'
74
*70
74
*72
*72
*
* *72
74
—
26%
26
26%
28%
41%
41%
42
42%
43
46
46%
46%
47
47
23%
24%
23%
25
24%
25
72
73%
70
72%
73
28%
77%
27%
45%
*47%
24%
76%
29
44%
41%
45%
44% r
50
*48
24%
25%
77
77%
107%
•106%
107
*105%
38
38%
38%
39
39%
40%
41%
42%
50
51
50%
50%
51
50%
51%
*106%
50%
107
*105%
105
40%
50'A
27
107
27%
26%
26%
27
27%
27%
27%
24%
24%
24%
24%
24%
25
24%
25
24%
90
92%
89'A
91%
92
95
94 %
95
150
150%
•147%
150
150
151
150%
X87
151%
114
114
•114
115
*114
117
27
-
'
150%
115%
*114
30
29%
29%
29%
30%
19
•18%
19%
19
19%
20
29
29%
28%
28%
28%
29
30
181%
182%
182 %
183%
185
185%
185%
*114
v
9.100
1,100
28
45%
50
77%
105%
41%
27%
25
89%
8.600
500
3,700
910
5,000
6.700
9.000
151 %
800
51
per
share
$ per share
30%
31%
19%
30%
30%
187
186%
19%
.
4.100
127%
187%
127%
115%
115%
70
128
•126%
128
*127
128
115
115
•115
116
*115
115%
115%
115%
19
19%
19%
20%
20%
90%
94%
94'/a
98%
99%
»
share
per
11%
Jan
29%. De«
12%
Jan
30
Dee
Jan
23
28% Jan
2
46% Jun
20
25% Jan
28
Highest
per share
•
19
50% Jun
„
31
2
46'A Jun
20
13
Jan
27%
Dec
Mar 26
43 % Nov
2
26%
Jan
35%
Dec
Mar 27
31
43 % Nov
1
25% Jan
35%
Dec
10 % Nov
1
4% Jan
2
90% Jan
2
3%
Nov
5% Mar
108% Oct 17
76 J
Jan
97%
107% Oct
70
Feb
93
Feb
16%
Apr
23"
Deo
39 Va
Jan
37%
Jan
17
Jan
27
18
41%Oct>
Jan
15
35% Nov
1
47% Jan
24
52% Nov
2
39
Jan
2
53% Sep
13
04
July 30
108 % Apr
Dec
1
84
21
21
20% Oct 17
15% Aug 31
2% Nov
\\ Jan
2
Jan
24
105
Feb
49%
Dec
43%
102
;
Jun
Oct
,
14%
Apr
18%
%
1
Feb
1 % July
9{ % Dec
Jun
Nov
2
79,
Jan
28% Jan
2
33% Nov
1
24%
Jan
Jan
12
46% Nov
2
8%
Feb
26% Mar 31
39% Oct
1
27.%
Jan
21) %
Dec
29 % Jan
42
Oct
18
20%
Jan
3H
Dec
5% Oct
19
3%
Feb
33% Oct
31
21%
Feb
■1% July
25% Oct
109% May 23
80
22
122
2
3% Mar 23
24% Jan
2
106
Sep
4% Sep
102%
Jan
19
6% Feb
2
2%
Jan
27% July 27
11% July 19
35% Oct
16
16%
Jan
7%
Jan
7
14% Mar
31% Jan
24
25% Jan
2
Dec
108%
Oct
6%
Jun
30'A Nov
Oct
26
15
24
Jan
13% July
32% Oct
28
11%
Jan
20 Va
Dec
Dec
30% Oct 25
18%
Jan
25%
26% Jun
15
12
Aug
24
27% Nov
17% Aug 21
18% Jan 20
108% Jan
6
21% Nov
'2(i
Jun
45
3
17% Jan
1
14%
Jun
24
Dec
Feb
23
102%
Jan
112
Nov
115
24
26 % Apr
6
36% Oct
19
8% Jan
5
12% Oct
8
93% July 30
105% Nov
Dec
2
37% Jan
50
20
19
1
Feb
Dec
10
43%
Mar
5
16% Nov
2938
Oct
32%
Sep
109% Jun
2
106% July 18
10% Apr
6
Feb
7%
10
May
Jun
13% Mar
Jan
3
59% Oct
10
41%
Jun
49 %
Dec
8% Jan
2
16% Oct
16
5%
Jan
9%
Dec
29% July 27
29% Jan
2
36% Nov
2
26%
Sep
33%
Jan
Oct
16
24%
Apr
31%
46
40
Dec
Jan
2
23% Oct
16
12 % Aug
19% July
47% Feb
5
53
25
38%
48
16
Jun
Feb
Dec
12% Jan
2
17% Sep
49 % Jan
16
53% Jun
is
47
.16% Aug
9
22% Jan
12
15'/a
Jan
25% July
52% Mar 27
64% Oct
15
44%
Jan
57
Dec
37'A Oct
11
61%
Oct
Jun
30
101% Aug
6
30
Jan
Mar
106
58% Jan
2
Oct
15
52%
Apr
173%
Apr
5
Jan
13% July
*52
July
5
3
10% Oct 29
4
Jan
Oct
71
2
182% Jan
6
10%
195% Apr
5% Nov
184% July
7% July
1
1%
Jan
1
18%
Feb
27%
20
32% Oct
2
5
Oct
105% Oct
3% Jan
25% Jan
20
Jan
25_% July
41
99% Aug 22
5
Aug
Jun
28% Mar 26
41
Jun
19
14
16%
Jan
32
Dec
37
54% Nov
1
27%
Feb
39
Aug
30
Nov
2
15%
Feb
22%
Dec
28
Jan
24
2
Jan
6
20% Jan
22
107
Oct
23
108% Oct
29
116
Oct
26
118% Nov
1
16
2
49% Oct
Jan
37% Nov
2
107% Nov
2
69
Jan
89%
Dec
25
Aug 21
34% Jun
18
20%
Jan
29%
Dec
16
Mar 26
x22% Jun
14
11%
Feb
19%
Dec
35% Jan
87 % Jan
X150
145% Jan
29
2
Sep
47% Nov
Nov
l
100% Nov
1
29% Apr
10
112
13
25% Jan
100
105
28
9
July
Jan
2
31
51
Sep 29
108% Jan
40% Oct
24% Oct
Mar 26
Jan
22 %
1
Jan
22%
Jan
101
19
Jan
144
Dec
29% Mar
30%
Dec
109% Nov
19
8
5% Aug
11% Aug
Oct
5
97
16
75% Oct
9
41
5% Aug 20
8'A Oct
17
4%
Jun
7% Nov
30% Oct
17
14%
Jun
19% NOV
Oct
26
122% Apr
59% Jan
18% Jan
118
6
2
154
125
Sep
11
25% Apr
6
30% May
7
Apr
Apr
114% May
21% Apr
140
July
61%
127
Dec
Nov
28%
Dec
—-
100
2
6%
Jan
1
13%
Jun
16 %
Oct
Jun
15
109%
Dec
113%
Apr
49% Nov
2
21%
Jan
41%
Oct
39% Mar 29
47% May
5
36%
Jun
38% Nov
2
32%
Apr
Apr
45%
34% Aug 22
12% Jan
12
16% Jan
6
108 % Sep
13
33
Jan
9
20% Nov
22% Nov
113
13% Nov
36%
Oct
26% Oct
17
17%
Jan
22% July
57% Jun
18
17%
Jan
37%
7% Mar 29
16% Jun
25
5%
Jan
24% Nov
1
22
Aug 21
34% Jan
19
21
Jan
2
67
Jan
31
75
Sep 11
No par
36
Jan
23
69
Oct
25
—12.50
No par
25
2
No par
—100
26
Oct
30
29
Nov
33
Aug 20
45% NOV
2
Oct
31
Dec
9% Mar
18%
Jan
21%
Dec
52
Feb
65
Oct
29%
Jan
41%
Oct
28%
Jun
35%
Dec
1
No par
No par
5
No par
No par
Class A
Doehler-Jarvls Corp
Dome Mines Ltd
Donglaf Aircraft
Dow Chemical Co common__No par
$4 preferred series A
No par
Dresser Industries
,
—50c
Dunhlll International
1
Duplan Corp
No par
Du P de Nemours (EI) 8k Co
20
$4.50 preferred
No par
Duquesne Light 5% 1st pfd
100
100
16.400
900
1.600
117
New
Diamond Match6% partic preferred
Diamond T Motor Car Co
Distil Corp-8eagr's Ltd
5% preferred—
Dixie Cup Co common
4.400
30
128
r
600
25%
20
•126'A
*127
D»",rt»» & Reynolds A
510
—
31%
30%
19
29%,
10
76
*
67%
66
Davega Stores Corp.
0
Davison Chemical Corp (The)
1
Dayton Pow & Lt 4%# pfd——100
Decca Records Inc
1
Deere & Co
No par
Preferred
20
Delsel-Wemmer-Giibert
10
Delaware & Hudson—
100
Delaware Lack & Western
;—50
Detroit Edison—
20
Detroit Hillsdale & 8 W RR CO—100
1.400
20%
21 '
Year 1944
D
20%
20
19%
5
10
1
5
Cream of Wheat Corp (The)
2
Crosley Corp (The>
No par
Crown Cork & Seal
No par
Crown Zelierbach Corp
5
$4.20 preferred
No par
$4 2nd preferred
No par
Crucible Steel of Amer
No par
5% preferred
100
Cuba RR 6% preferred
100
Cuban-American Sugar
10
7% preferred
—100
Cudahv Packing Co
30
4%% preferred
100
Cuneo Press Inc
5
4%% preferred
-100
Cunningham Drug Stores Inc_.2.50
Curtis Pub Co (The)
No par
: $7 preferred.
/ No par
Prior preferred
No par
Curtiss-Wright
1
Class A -—
--1
Cushman's Sons Inc 7 % pfd
100
Cutler-Hammer Inc
No par
600
200
31
-20
par
—25
100
Crane Co common
6.800
600
40
106%
74
8
73/4
28%
29%
5%
74
g
130
29%
10%
152
73%
?8
*123
-28%
190
152
153
*150
7%
130
*105%
38%
23
107
*36%
23%
23%
153
18%
29%
29%
27%
*123
130
*123
7%
-
47%
107
72%
72%
73%
72%
22%
*150
153
*150
152
38
23%
22%
23%
22%
152
.38
*35
38
*35
107
107
*106
107
47%
48
'"46%
46%
46%
*106
4.7%
100%
100
62%
35%
104
69%
per
No par
No par
No par
Copperweld Steel Co
-5
Conv pref 5% series
50
Cornell-Duoilier Electric Corp
1
Corn Exch Bank Trust Co
20
Corning Glass Works common
5
3%% preferred
100
Corn Products Refining
25
Preferred
100
Coty Inc
—_
1
Coty Internat Corp
1
60
5.400
230
6.200
120
2.100
240
4.100
16,500
20
20
par
Cooper-Bessemer Corp
$3 prior preferred
__
_
46%
47
Continental Oil of Del
Continental Steel Corp
3.700
36%
54%
30
108
108
*118
.119
48
491/2
107% 107%
29
30'A
20%
20%
*145%
46
47
100% 100%
47%
477/8
54%
36
51%
53
17%
53%
*35%
53%
29%
36%
52%
37
x49%
29%
31
31
52%
•36
53
103 %
39%
*105%
40
3l
36
37
50 %
287s
39%
105%. 105%
31
%
•35%
107 %
5%
105%
*30%
30%
30%
30%
30%
38%
105%
10%
5%
9%
5%
105%
39
38 %
105%
70%
191
tjrjr)
10
5
4%
104
70
190
9%
10
9%
4%
53%'
*103
70%
70
•189
17%
17
*52%
—--No par
Container Corp of America
Continental Baking Co
No
$5.50 preferred
No
Continental Can Inc—
-$3.75 preferred---- ---—No
Continental Diamond Fibre
Continental Insurance
Continental Motors
9.400
107 %
100
Consolidation Coal Co
Z5
Consumers Pow $4.50 pfd—No par
11,400
114%
26%
36
US/a
36
11%
27%
114
27%
114%
351/2
35
1.200
x36
12%
27%
114%
27
114%
Wo par
Wo par
-10
Commonwealth Edison Co—-—-23
Conde Nast Pub Inc—»
No par
Congoleum-Nalrn Inc—.
No par
Consolidated Cigar
No par
Consol Coppermines Corp
------J
Consol Edison of N Y
No par
95 preferred-No par
Consol Film Industries
—1
$2 partic preferred—
No par
Consol Laundries Corp
-5
Consolidated Natural Gas
15
Consolidated Vulvee Aircraft-1
$1.25 conv pfd
No par
Consol RR.Of Cuba 6% pfd
100
.
10.200
114%
No par
100
Commercial Solven^r_--__-.-AJo par
Commonwealth & Soutbern__No par
900
21
«2,15 preferred
Commercial Credit——
3,500
10,300
25%
114%
.1
i
Columbia 1-lctuiw
^
3.500
500
18.900
22.500
1.100
5.200
4.700
45%
19%
•
13%
25%
preferred—100
Columbia Gas & Elec_—
6% preferred series A
500
19%
41
.
Class B
*
M«o
200
7.700
Ilk52%" 52%
47
12.100
470.700
7.700
19.000
33%
5%
'"35%
35
35%
35
<52
34%
20
non-cum 1st
4% non-cum 2nd preferred—-100
Ooiumoiu Br a 8yo 1AC ci f
2.JHJ
$
"■
Lowest
37% Oct
45 %
5%
5%
107%
45%
108%
•108
108%
~
45%
35%
39%
5%
23%
140.200
1.600
*43
19%
2%
121%
2
117
39%
^ 9%
,
2
1%
33%
35%
10%
108
47
19
116%
45%
47'A
10%
35
46
2
116%
33
43! '
52%
•52%
53
33%
1%
115
10%
108%
43%
4%
100
^um«^-_--,
38'A
38%
31%
45%
400
32
43%
c0loradO &
105%
•104%
107%
19%
19%
105
30%
*
46%
•104%
107%
•52%
53
j
10,7%
166% '
,
43%
*31
43
10%
107%
38
38%
30%
38
9%
106%
106%
106
9%
-U'
43%
33
34
31%
'
36%
34%
Par
;
590
620
230
2.500
*36%
'
Shares
S per share
v>;,
l
EXCHANGE
;
.
Range Since January
Lowest
Highest
NE^
'
Friday -vSales '®r
Nov. 2
,u
the Week
<
Thursday
Oct. 81
<
$ per
fcticnn
Wednesday
Tuesday
Monday
Oct. 27
HIGH
AND
LOW
8ALK
40% Jan
4
47
16 % Jan
2
26% May
38
Jan
22
105
Jan
25
38% Mar
42
Sep
5
33%
Jan
17% July
Oct
78
19
X27%
Feb
38%
Dec
Mar
9
95
Apr
17% Mar 26
42% Nov
1
15%
Jan
20%
Sep
47
Mar 20
51V4 Nov
1
43%
Jan
49
Nov
18
Jan
2
29% Oct
10
22% Jan
2
27%
July
65
Mar 26
109
23
18
17
114%
Oct
20
106%
122% Jan
4
110% Jan
2
115
27
Apr
12
Mar 21
6
20% Aug 24
155
47
May
Api
Jaa ;
Dec
72% Nov
131
Jan
113
Aug
33% Jun 25
8%
Apr
14% Nov
21% Oct
17
Oct
19
Feb
20%
Dec
192% Oct
137
Felt
162%
Jun
Feb
9
1
123%
Juii
128%
Dec
Mar
6
113
Dei
120%
Jan
32
Jan
2
125% Jan
9
129
Oct, 6
117
113
21% May
26% Feb
95% Jun
154% Oct
105
11%
E
19%
19%
19
19%
91%
93%
89
91
28%
9Q
28%
f 206%
205
199
•198
•62%
207
,
29%
210
•197% 199:
63%
63
30
212
.
199
63
63%
30%
220
199
•104%
32
*
•
zf"*
35
*35%
105
*104% 105
*104%
105
32
31%
•109%
31%
110 %
110
10
10%
9%
61%
63%
60%
18%
110
*109%
18%
•140
152%
150
150
140
140%
22%
22 %
22%
21%
'
•74
78
•105%
105%
footnotes
see
18%
18% .19%
22
page
5%
151
*109%
*139
5%
152%
141
18%
5%
18
141
51
.
152
141
52
50%
50%
45%
44%
45
44%
>
22%
23%
23%
23% '
21%
21%
22%
22%
23
78%
105%
*78'A
106
80
78'A
*105%
106%
v
:
200
40
63%
700
37
1,100
105
33%
111
10
1.600
*•
50%
4.000
55.900
151%
1.700
300
141
51 !A
23%
79
16,600
5%
45%
106
6,800
18
22%
22%
"
20
4,300
,
64
45
/
78%
106
3.200
20% '
*139%
44%.
23
105%
4,500
10%
5%
17%
151%
5%
'151%
34
225
18%
18%
18%
7.500
6.600
10%
63%
50
78%
2163.
33
63%
18
22%
105
109% 111
63
5%
18%
49%
37
K
32%
62%
18%
*44
36 %
-~-63%
105
61%
32%
222
*197
63% -i"
61%
5%
45%
'
.
10%
16%
51
'
V
200
10%
18%
50
32%
.*
10%
-
5%
45
■cv.-
111
35%
*104%
*
30%
226
10
10
141%
151%
63%
35%
17%
5%
17
*197
32
32%
.
■•AC.
220
63%
35
;
30%
1
'
21%
100
23%
1.400
-V
1,100
.
8.900
3.300
79
600
106%
320
'
.
Eagle-Picher Co
10
Eastern Airlines Inc
1
Eastern Stainless Steel Corp
J
Eastman Kodak Co
No pal
•
6% cum preferred
100
Eaton Manufacturing Co
4
Edison Bros Stores Inc common—2
■
4
preferred—.—————100
>; Ekco Products Co
5
V 4%% preferred
—100
Elastic Stop Nut Co.
,,.,,,^-1.
Electric Auto-Lite (The)...8
Electric Boar.
i—:
3
Elec & Mus Ind Am shares
Electric Power & Light——No par
$7 preferred—
—No par
*6 preferred
No par
Electric Storage Battery
No par
El Paso Natural Gas
3
Emerson Electric Mfg Co
4
Emerson Radio & Phonograph
5
Endlcott Johnson Corp
50
4% preferred
1100
13
10% Feb
22
22
100
Nov
18% Jan 26
34
NoV
14% July
33
21% Nov
Jan
39% Jan
Ajr
41
Jjn
25%
6%
Nov
Jun
175
178*
195
July 30
226
;
185
Jan
6
200
,
49
Jan
22
66% Oct
41 7
21% Jan
15
36% Nov
16% Mty
17
July 24
x32% Oct
110% Oct
Jon
52
Dec
Dec
Sep
-
24%
Dec
Dec
11
Aug 27
:
106% Sep
24
106
Dec
F»b
J*n
157
170
26"
104
Sen
8% May 3
42% Jan 20
12% Mar
1
8%
Dec
15%
Sep
fi.53/4 Rep
7
2
37%
Jan
45%
Aug
20 % Nov
10
Apr
15%
Dec
Jan
20
4% Aug
3% Jan
7
2
19 % Oct
31
109
Jan
3
152 % Oct
17
103/
Jan
3
141
Oct
26
8
52
14
43 % Aug
34 % Mar 21
7% Mav U
3%
Jan
3% Nov
6%
78
114
103%
Nov
1
39%
Apr
48% Oct
15
273/4
Feb
29 % Jan
18
Oct
5% July
Apr
Apr
81%
-
Dec
Dec
47% July
34% Nov
22%
Dec
20 % Mar 27
25
Mar
6
Mar 26
79
Nov
2
57%
Jan
68%
Dec
20
107
Feb
26
101'A
Jan
108%
Jun
21% Aug 20
62
103
Sep
15
,7 Sep
Volume 162
\
Number 4435
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK
LOW
Saturday
Monday
Oct. 27
•
* per share
$
HIGH SALS PUCES
Tonday
Wednesday
Oct. 30
per share
30V4
102
29%
102 %
*102
102% 103
104
,
2%
„
/
t
31%
102
102%
105%
2%
2%
103
*103%
79%
92
*89%
92
57
56%
59%
7
210
,'i
*
S5Va
18(1
Public
80%
tLquitabie
Erie
1.000
5%
7,400
Eureka
t per
16
23%
23
23
1,700
Evans
59%
60%
60
60%
7.300
Ex-Cell-O
6%
7
7%
700
106
100% Sep
17
101, Sep
18
No par
Bldg—ao
par
No
par
100
15%
19.700
109%
24%
24%
*109
109%
24%
3,000
20
Farnsworth Televls'n & Rad Corp.l
Federal Light & Traction
15
•!
1
Fajardo Sug Co of Pr Rico—
$6
preferred
par
i
40
28%
28%
28
28
12%
12%
12%
12%
121%
12%
43%
44
12%
12%
43%
44
12%
12%
5,600
Federal Motor Truck
44%
46%
17
46%
104%
47%
47
105
47%
7,100
Federated
No
31
31%
61%
61
69
70%
107%
57
68
69%
*107
107%
*1071/4
57
31%
*109
57
32 %
57%
31%
31%
109 %
109
50%
50V4
50
40%
40%
8%
8%
8%
1091%
32%
32%
109%
109%
109%
*49%
40
8%
2 S
900
Federal-Mogul Corp
5
23 % Jan
5
32
May
7
9% Jan
22
62%
Ferro
8,000
200
59%
500
32%
4,300
*41%
8%
42
67%
67%
66j/2
First
41
41%
9
$4
(The)
680
Corp
preferred
67
64%
26
25
25
26
71
26%
71
26%
70%
71
71%
71%
36
72
36%
72%
73
36%
73%
1.300
Food
35%
37%
38%
38
38 %
26%
37%
38
2.100
Foster-Wheeler
26%
21%
26%
21%
*26%
20%
*135
.25%
27
26 %
26%
*26%
20%
20
20%
20%
139
*135
139
-135
46
46%
46%
46%
65
66
63%
64%
148
148
145%
46%
66%
27
26%
21%
21 %
139
139
48%
64%
64%
145%
145%
28%
*135
49%
64%
145%
146
21%
*135
48%
27%
5%
conv
Food Fair Stores Inc
1,900
Feb
Apr
109
Jun
?
36%
Jan
44
Aug
18% May
26 y4
Jun
*
34%
Jan
42 >/4
Dec
24%
Deo
33%
Dec
60
2
Oct
,
33 %
Bep
10
19,
110
Jun
Oct
10
41% Oct
18
10% Jun
26
Jun
26
24
75
13
28V2 Nov
2
59% Aug 20
80 ya Jun
24
41% Jun
15
25
25
Jan
4
No par
14
Apr 40
pfd—100
118
10
34
49
5.800
Freeport
64%
6,600
Fruehauf
145%
590
4%%
Sulphur
Co
Trailer
Co
1
preferred
Mar
Jan
27
July
21% Nov
May
146
9
5
Dec
Jan
2
20
Jan
1 1
13%
Jan
^
9
70
Jan
/
30%
Jan
29%
Jan
>,
Apr
;
;
1
66% Oct
10
150
"Oct
69
Jan
16
:
•
'
8
Dec
_
29
:
Dec
25%
Dec
17%
Sep
135
Dec
36% July
44% Dec
116
Sep
7
July
Jan
17
6% Jan
2
4% Jan
100
2
9% NOV
1
2%
Jan
6
19% Oct
18 '
12%
Jan
16%
Dec
18%
Dec
15%
Sep
18%
Jun
62%
Oct
66
Nov
113
103
Nov
16
53%
49% Nov
42% Mar 26
8% July
58% Mar
liy4 May
5
Jan
F'k'n Simon & Co Inc 7%
139
•
5»/a May
43% Aug
prior preferred
Francisco Sugar Co
4,100
57 y4
27'
53
25
145%
64%
Jan
38%
10
48%
64%
146
45
103%
10
6%
300
Dec
27% Aug
53% Nov
3
2
15% Jan
108
Jan
17
6% Mar 20
1
Dec
Jan
17
26
Corp-
Machinery Corp
32
63% Oct
4
47% Jan
Jan
93
30% Feb
100
Dec
10% Aug
5 'V- Jan
/
Jan
-
Aug
Nov
24
70 Va Oct
July 20
41
/
110% Mar
2
16
107
17%- Dec
27%
22%
2
Jan
Jau
105
Apr
,
'V
18
33% Nov
23% Jan
,
par
10
_
107% Apr
26
No par
Steel
26
.64%
par
No
22
Jan
53% Mar 26
No par
Co
1
July 24
105% Apr
42 % Jan
par
No
com
—
9
50
10
25
No
137/e May
47% Nov
21 %
103
,
,_100
Florsheim Shoe class A
Follansbee
3,700
67 %
Co
Stove
66
66
Y
Stores
preferred
Florence
700
8%
National
"
1
preferred
Flintkote
400
9%
4% %
■
28% Jan 23
par
100
Corp
Firestone Tire & Rubber
130
51
Enamel
Fidel Phen Fire Ins N
400
70%
32%
50%
9
4%%
310
2,100
107%
Dept 8tores—
conv
preferred
Dec
14%
Apr
17
Dec
47%
Jan
19 Va
Z
Z
Jan
14%
Oct
44%
Jan
100
42
110
50
17
2
*109%
*50
-
;
50%
40%
.
25
25
25% Jan
69%
*58
32%
Oct
110% Oct
5
Mar 28
2
107%
59
109%
40%
8%
59
31%
50
40%
57
6
Federal Mln & Smelt Co
33%
*61
69%
107%
7% May
400
105
32%
62
68%
*107
/
7,
Jun
15% Jun
29
105
32%
*60%
69
107%
57
105
19
61%
67%
107%
*104%
32
Dec
89
41
*,40%
29 *•
"
105
-
Jan
104
No par
*104% 105
105
■v
•
12% Mar 26
No par
40
61%
Deo
6%
Jan
15%
25
*30%
Deo
47 y®
Jan
Jan
15%
24%
61%
17%
Jan
2%
9%
15%
24%
31%
9%
21%
33 y4
15%
*24
31
84% Aug
13% Oct
24% Sep 13
60% Nov /• 1
Apr
Apt
21%
14%
24%
*61
70
Feb
1
15
23%
28%
Jan
6%
,7
Fairbanks Morse A fin
4.700
10
46%
16% Aug 28
0
Dec
78%
61% NOV
2,300
31%
109%
Dec
Dec
1%
12
84% July 11
33% Mar
61
31
24%
Dec
4
60%
31%
*108
14
2
61%
31%
40%
Apr
Jan
25 Va Jan
61
109
107
9%
42% Jan
60
31%
40%
28%
Jan
%
22
f
:
60
109
92%
20
2
31
40
July 12
2% Jan
20% Jun
24
60
29
109
24
30%
109%
Nor
Jan
59%
40
105
42% Jan
29%
*28%
Jan
15% Jan
2.30
15'.
*109
89
3
Co_.
Corp
81 %
40
Dee
108
3
Products
Exchange Buffet Corp
Dee
104
2
86
.
than
11%
\
Jan
19
27
21 %
*39%
Jan
Jan
14%
*109
8%
87
1
May 21
12% Jan 12
68% Jan
2
July 16
July 24
.11% Jan
50
Dleaner—
Vacuum
Highest
t per
per Metre
8
Pitts RR Co
61
14%
32% Nov
4
5
No par
Oiflce
Lowest
*. $ per share*
Jan
30 %
8
share
100% Jan
i
Year 1944
Highest
No par
pref series A
Erie &
Lowest
Par
.
Service
.
common
15%
.92
Range for Previous
Range Since January 1
<
.
:
•
RR
15
7
\ i
£ $6 preferred
29.400
15%
*89%
15%
■
/
preferred
29.200
■■■>..
17%
'
f
55 preferred
-
6%
15%
7
180
14%
22%
6%
7%
2%
Engineers
31,300
:
/
22%
58%
7%
11 Vi
'
59%
22
56%
~
,2Vvt
v
exchange
Shares.
105
.
80
*89%
15%
22
105
80
92
15%
22
106
2%
80
*89%
.103% 103%.
,
.
32%
17%
16%
*791/4
15%
v
STOCKS
"'SZ/
NEW YORK STOCK
/
Sales for
102 %
2%
16%
791/4
92
31%
*101 %
17%
16%
79%
22
103
-
the Week
$ per share
,
2%
17
79%
22
qhare
17%
16%
79
*89%
15%
;
31-/' 32%
101% 102%/:;
103%
105%
per
Friday , /,
/V/,,Nov. 2\: :•
>
—
102
102%
2%
,.
30%
106
*104
2%
30%
102%
102%
105%
Nov. 1
it per share
.,//
/
Thursday
Oct. Si
$ per share
31
RECORD
AND
■;
/, Oct. 29
*
2157
G
8%
8%
9
8
8%
8%
9
9
9%
.
9
8%
19
19%
19%
19%
24%
24%
25 y4
25
21%
21%
22
21%
23 %
23%
24
21 %
22
21%
76
9%
19%
19
*74
9
*8%
*18%
18%
*73%
9
9
9%
;
9%
68.400
1,400
26%
3,100
Gamewell
21%
22'/a
3,100
Gardner-Denver
18%
109
*73%
11%
Xll
11%
11%
11%
31%
32%
33
33
66
66
76
11
31%
11%
33%
34
66
33%
2,100
66
68
70
69%
69%
70%
74
380
18%
18%
18%
19%
18%
109
59y4
11
*108
59%
22
11
181 %
22%
*108
59
22
19%
110%
59 Va
59%
11
*181%
11
.
182
181%
.
22
22%
*108
11%
22%
11%
11%
12%
12'/8
33
33%
23
145
144
34 %
145
34%
161
*160%
144
34%
34%
161
161
23%
145
1.600
General
General Cable
145
46%
46'/a
47%
47%
50%
50%
50%
51
51%
4%
5%
5
*161
48%
50%
5%
159
*157%
43
47
129%
115
159
159
48
*47%
129%
*114%
115
129%
115%
72%
72%
71%
126%
126%
*126%
128%
*115
72%
72%
127
128
159
*159
48
*129
115%
*159%
48
1%
General
70
48%
33.000
54%
116%
116%
75
Jan
7%
Dec
13%
Feb
23%
Dec
58
J an
2
74
Nov
2
51
Jan
58
%
Dec
12 % Jan
22
20% Nov
2
10% Feb
16%
Dec
104% Apr
18
109
Oct
Jan
31
60
Oct
41%
54%
8% Jan
2
49
.
Mar 21 ;
6
19
Jan
114% Jan
:
Oct
134% Jan
127
100
Jan
62
125
May
Dec
124
Jan
Dec
29% July
Dec
Apr
155
Feb
35
24
Feb
40%
Nov
43% July
Dec
3% Aug
2% Feb
115
Sep
140
Sep
134%
Nov
66
July
52% Aug 29'
Mar
116% Nov
22
75
3
130
Sep
Mar
128
Mar
,51%
Feb
125%
6
Jan
2
11 ?
6"
*
v
•
Dec
7% July
22%
40*
12
2
134
Aug 20
par
25%
140
22
160% Oct
114% Oct 25
No
81%
16
Nov
19%
Jan
Jan
11%' Jan
25 '
Oct
161
Feb
6%
Oct
■'&> 9% July
Jan
-
4%
/
May 31"
5 %
43% Aug 23
.-10
—
preferred
$5
143 /
1/
49% Sep
54% Nov
4
100
/ Oct
36
172
Apr
7%
6
37% Sep 28
145% Oct
22
17
377/e Jan 24
40 ' Feb
1
par
3/
13% Oct
Z
22
/ 27% Mar 20
153
11
183% July 30 ;
26"% Jun 15
4
General Motors Corp
8C0
11% Oct
:
160% Jan
2
17 J/4 Jan 22
5%
34.900
127
4%
2
3% Jan
—
19 V-
Oct
NOV
No par
preferred
3% % conv preferred—!
May 16
Dec
12
General
500
74
127
No
76
:
34
No par
Corp
16
$6 conv preferred series A .No par
Mills common...—No par
120
390
75
Foods
Gen Gas & Electric A
1.300
130%
127
127
General Electric Co
10
2
par
100
2
22% Oct
'
par
No par
.
x26% Nov
2
100
Cigar Inc
preferred
General
8,900
160
preferred
cum
1%
49,700
48
48
*129
116
74%
1.140
2,100
6
9
5% July
17%
Jan
No par
No
.
2% Jan}
2
7'/a Jan
3
3
Corp
Corp
9% NOV
23
v.
__5
—No
A
34%
145
5%
5
130%
115%
74%
127%
47%
51V4
159%
47%
129%
.
34%
.
Bronze
Class
1.600
163%
144
34%
161 %
45%
48
Baking
preferred
$8
~
.
66% Feb
/
100
General
90
2,900
5 Ve
*158
4,800
22%
34%
50
-1
Transportation—
12%
33%
50 r; b
*129
11%
182
Amer
11%
47%
5
Gen
22%
50%
5
2,500
33'/f.
161
1
5 Z
$4.50 preferred
100
12%
46
5
11.600
34%
145
34%
161
Inc
Jan
14 % Apr
16% Mar
par
No par
20
preferred
Wood Industries
60
11%
Co—_
16
20
Gaylord Container Corp
5 % %
conv preferred
Gen Amer Investors.^!——
111
381%
No par
1
No
(The)
11%
33%
34
20%
59%
11%
Gar
15.700
Co
34
12%
31%
11%
■*108
182
$3
77
20%
60
*181%
32%
145
20 %
59%
11%
11%
*74.
.
110%
181%
32%
*160
76
*72%
'
110%
59%
11%
181 %
,
Co
6%
22%
11%
76
Co (The) cl A
Inc (Robert)
preferred—!———
Gair
25 %
32%
11%
32
Gabriel
5.800
9%
.19%
9
19%
X26%
130'/a
Oct
.
.
-
vf ■
20
20 %
30%
15%
*109
19%
30%
29%
15%
15%
112
3%
36%
*138
4
3%
37%
7
*20
30 %
30%
15%
15%
112
*109
35%
142
20
*138
*109
3%
3%
36%
36%
142
*138
7
7
7%
6%
27%
27%
27%
27%
27%
27%
27
27
119
120
118%
34%
*34
120
34%
34%
35
*104%
*33%
107%
32
*104%
32%
*107
108 %
22
22
104
32 V*
104
38
*104
104
36 Va
55
104
55
%
55%
6%
155%
155 %
6%
15%
4%
37
7,200
Gen
Gen
Railway
General
2,500
28%
120%
120
120
120
37%
38%
34%
34%
*104%
107%
107%
32%
33
*107
21%
21%
*104
39
38%
*103
36%
36 %
55 'A
*55
108%
22%
34
34%
35
70
69%
102%
102%
61
113%
42%
103
38
*55%
38
56%
56%
6%
70%
*101
103%
6%
6%
159%
*156
35%
68%
22%
43
37%
56%
*107
104
103
37%
35%
22%
42%
103%
*106
108
104
40%
70%
61%
25%
22%
105
General
157%
300
107%
35%
108
22%
10.100
104
10.600
103
$5
400
44
400
38%
56%
6%
•
5,400
4%%
300
61%
37
36%
2,800
71%
4.700
Goodrich Co
103%
103
103%
800
61
62
*113%
61%
106% Apr
301%
8%
5%
29%
9%
8%
9%
5%
5%
5%
30
30
9%
v
5%
30
30%
9%
30%
30%
9%
9%
/
'
•'
9%
5%
5%
5%
£> %
33%
32%
18 %
18 %
18%
18%
13%
19
19
32%
19%
*31%
18%
29
29%
28%
28%
28%
29
28%
29%
*31%
*108
*31
33
111
*108%
.
'
32%
*32
112
*108
112%
*108
28
109%
109%
31
Jan
Wa
15
'5.800
5%
28%
4jfm
Grant
Motors—
19
19
18%
19
19
19%
19
19%
6.600
Great
Nor
57%
58%
57%
59%
59%
60%
60%
61%
11.200
Great
Northern Ry 6%
32%
33
32%
32%
172
170%
170%
32%
33%
32%
170%
170%
171%
171%
*70
33
140
72
*71
72
72
69%
69
69
68
68%
68
69%
68
69
27%
27
27%
27
28%
28%
38%
28%
29%
.
40%
8
*106%
110
41%
40%
41%
40%
42
8%
8%
8%
8%
110
83
83
24
75%
58%
*106
109
,
*104
8%
*70%
110
*106%
41%
1%
42%
41%
8%
8%
72
Green
42%
21,100
270
83%
85
85
24%
23%
24
23%
24%
24%
24%
75%
75%
75%
15%
76
76%
76%
76%
77%
2.000
59
58
58%.
51%
53
58%
58 %
58%
59%
7,400
36%
*34%
36
36% -36%
*25%
37%
100
37%
% 37%
37%
37%
84
24%
25%
9.600
S3
Gull
Ohio
RR
25% Dec;
Oct
50
-1
100
No par
1
—3 ;
pfd—No par
No par
100
100
1
No
No
preferred—
Oil
Jan:
Apr
6
,2
Bay & West RR—
(H L) Co Inc
Gulf Mobile &
.
Dec
15%
Sep
25% Jan
No par
4%% preferred.
100
Grumman Aircraft Corp—
-1
Guantanamo Sugar common
—1
$5 conv preferred ——--No par
10.500
8%
84%
82
Dec
22%
96
Greyhound Corp (The)-:
108%
83
>
Green
50
2.600
90%
Jan
2
Prop—No par
Preferred
33.400
*82%
Ore
Sugar
Western
Great
2,900
171
68%
*70
72
32%
171
27%
*105
72
*170
Jan
11%
29
100
19
58%
327a
Dec
69
Oct
preferred
19
57
Iron
Dec
16%
NOV
No par
Co—
T)
26%
Jan
2
9
No par
—5
City Steel
3%%
200
109%
Hosiery—
(W
Feb*
*7%
52% Jan
par
par
25% Feb
165% Jan
Z
1
Apr
74% Oct
105% Mar
20
July 27
114
4%
110%
Oct
Dec
30
}
17
45
'
2%
;
Nov
52
Aug
4% May
Jan
85%
12
Jan
175
Dec
1;
40
~Feb
54%
juri
98
Jan
104 %
Nov
36%
Feb
51%
Dec
104'A
Jan
112%
Jun
8%
Jan
17%
18'
/
6
63% Oct 18-
107% May 19
"
Nov
37
July 27
48
'
May 16
7% Oct 18
2
1«
■■■
32% Oct
12% Mar 26
15," '
12% Aug 27
5% Jan
2 /
4% Jan
2
18% Jan
14% Jan
23
19% Oct
18
32% Oct
Sep
18
109%.Nov
7
Jan
5V4 July
Aug
2
2
Jan
3%
23
14% Jan
Oct
iy4
17
25% Sen
105
46
6% Oct
Jan
22% Jan
Oct
14% Mar 27
Jan 23
49% Jan
6
Jan
2
2
Nov
14%
Dec
25%
Jan
49%
15
24%
Jan
30
Dec
May 25
Oct 10
143%
Feb
163
NOV
67
Feb
55%
Deo
Oct
74
29% NOV
57
44 % July
43%
Feb
2.
19%
Feb
105%
Dec
/
11
2
Oct
82
Jun
24% July
105% Deo
32%
Dec
6% Aug
Apr
/~6%
33
Jan
Jan
62%
Dec
42%
Sep
50%
Dei
Apr
15% Mar
33%
ilwe
22 y4
Dec
11% Apr
16% July
1.
30% Jun 26
/
Apr
'
Dec
3%
8% Oct 31
85
May
3
108% Mar 13
18
58
17%
Dec
July
2
75
;
2
5% Mar 26
82
16
2
175
20
104% Jan 12
28 Ve Jan 24
19%
15% May
9% Feb
33% Oct
161% Mar 16
64
22
■
19% Nov
2
52% Jan 25
;/
61% Nov
Aug 20 ?
28% Jan
.
17
32% Oct
.
3
20% Jan
2i
Corp
Oct
'
4
3% Jan
104
147 % July 27
Dec
Nov
124
July 30
22% Oct 19
23
iO
Union Co——
Granite
19%
31'/a
Apr
/Apr
Mar 12
110
Jan
Consol M S & P_
Granby
Grand
irn
2,700
Dec
Mar
102
19
Dec
31%
21
53
33
2(7
Jan
112
15
No par
No par
(B F)
Graham-Paige
85.800
Jan
19
Oct 17
1
35% Nov
2
Jun
No par
Gotham
1.900
Sep
22%
Nov
2% July
1% Apr
/, 19"%
:
Nov
111
27
26
107
•'
30
74%
.
36% Oct
preferred „—
—No par
Goodyear Tire & Rubb
No par
$5 convertible preferred—No par
200
;
•
124
:
39
$5
5.600
114
1^% Nov
90
Goodall-Sanford Inc
71
114
25% July
Jan
13% Mar 27
preferred
71%
114
Apr
14%
No par
—
36%
61%
113%
19%
No par
(The)
conv
1
15 i
27% Aug 21
5
tGoebel Brewing Co_.
Gold <fc Stock Telegraph Co
60
29% Oct
'
No par
preferred
Co
Nov
25% Mar 29
100
preferred
$4.50
3%
par
100
Brothers
Glidden
3.300
157%
36%
conv
Gimbel
19
28% Oct
Mar 29
4% %
103%
103
99
Rubber Co
&
Tire
preferred
Gillette Safety Razor
5
20
preferred
4% %
General
5.500
16
7% Oct
22
Corp—
Jun
11% Aug
Oct
140
23
Jan
preferred—No par V
Telephone
70 %
;
Jan
19
23%
107%
Oct
106
'
3
21
Jan
8
10
2
39% Oct
3
10
3% Jan
Apr
6%
16% Oct
24
Feb
1
Gen Time Instrument Corp—No
-
107%
*107
6%
115
5.200
34%
157%
103
39
35
Gen Steel Cast $6
500
38%
35
*104%
34
6%
102%
122
39
36
38%
*34
1% Jan
123
18%
23
13% July
Jan
110% Sep
4% Nov
7
28% Jan
par
Oct
4%
19
32
2
9% Mar 27
106% Feb
No par
Refractories
20% Oct
16
100
10c
General Shoe Corp
29%
28
x119
No
preferred
Gen Realty & Utilities
3.700
29
27%
35
Signal
6%
21,300
29%
par
10c
Public Service
2.700
No
Jan
22% Jan
Equip Corp—No par
1
$4.50 series A preferred
4%
27%
10
.
General Printing Ink
5.600
38%
29
7
Precision
common—No par
Adv
143
7%
27%
157%
60%
*140
28%
6%
*113
4%
38%
38%
142
Gen
3.200
Outdoor
112
7%
157%
62%
4%
37%
Gen
2,600
16
7
*155
115
*109
20%
31%
7 %
34
61%
15%
112
*138
69
*113
20
30%
16
4%
%
142
33%
*102%
20%
30%
*109
36%
104
35%
36%
20%
30%
15%
27%
105
26%
28 %
*103
6
21 %
30%
112
27%
108
*107
20%
14
59% Oct 26.
ley* Mar
H
-
*34%
37 v/.:
*35
351/z
37%
37
^20%/. 20%
*107%
*107
*20%
*108
109
109
*107
108
25%'%25%i
*147
For
footnotes
see
152
page
25
*147
2163.
21
20%
109
%
25%
152
:
103%
108
25%
*147
109
21%
'
108
26%
152-
109
108
27
*147
38
•21%
>; 109
108
v
27%
152
37%
./v.-.*
-••
fi %
2.200
38
21%
21%
*108V2
109 *
*107
108
27%
*145
27%
150
1.400
-
90
120
3.400
V—■
Haekensack
Hall
Co
Hamilton Watcb
4%
conv.
33
Water
Printing
•
preferred
No oar
15% Jan
2
100
103% Aug
2
Oct
22
18% Jan
12
Oct
6
Hanna (M A) Co $4.23 prd— No par
Harbison-Walk Refrac
No par
106
100
152
5%
preferred
Jun
9
27
22
39% Oct
39
.-
Mar 19
22
109% Oct 25/
110% Jan
27% NOV
155
v
Apr
12
1
2/
*102
15%
138
109
Dee
Apr
21
July
Jan
152
Dee
Jun
RECORD
NEW YORK STOCK
■•tarda*
4 per share
t
'
38%
11%
.37%
37%
10%
*373/4
12
11%
* 99%
99
99
99
13
13%
13%
13%
13 Va
13%
9.000
10%
10%
10%
10 5/a
14.200
iJ'/4
13%
9%
10Va
1193/4
9%
10 %
10
10%
119%
119%
120
120%
180%
32
33%
323,4
182
34%
32%
110'/a
109
110
*86%
*177%
40
34 Va
34%
12.300
137 '/a*
137
139
136%
85%
85%
*85
90
*85%
92
*86 Va
131
131
130%
131
130 Va
130 Va
27
27
136
91%
131%
27%
33'/a
27
*32
56
24%
2434
27%
27
33%
*32
29%
*32
*283/4
*28%
86 "a
*32
29%
293/4
56
J
56%
27
53%
130
1.800
27%.
28
33'/a
33%
'200
flinae
30
30
;
30%
1.500
Hires Co
56%
56 «/4.
56%
1.600
Holland
'56
56
56%
22%
22%
56%
56%
26%
26%
26%
26 V*
106%
106%
106%
106 V*
,
-
,
26%
24%
300
29%
53:V4
3.000
2.300
Homestake Mining
53
'
46
sj
263%
800
."
57%
57%
26%
2.900
26%
4
1
83
83
83'/a
18
17%
17%
17%
44%
45
44
44
6 3/a
7
83
*82
.
83%
83%
84
19%
203/«
19%
20
44 Va
44 Va
44
73/a
7
%
44%
44 Va
6%
6%
7%
'
'
6%
7
7
18 Va
17%
18
28%
29%
29
29%
29
1
28
29%
30
29%
29%
28%
28%
28a/4
28%
5%
53/4
5%
5%
5%
36%
36%
36%
37
37
35%
36%
353/4
363%
35%
35%
36%
*65
65%
66
*90
91%
*o9
91
32%
*313/4
63
67
,
*31%
28%
5%
*89 %
*32
,32%
28%
28%
56 V*
•57%
57%
58 Va
•
*104%
105%
*104%
105'/a
*104%
133
*1.31%
133
*1313/4
101
*9%
14%
*9%
9%
...
51
50'/a
70
30%
30%
30%
3.900
583/4
59%
58%
3.400
51%
15%
14%
15%
J%
9%
2.100
104
7.300
9%
9%
200
52%
533/4
53 '/a
1.600
8% >
9
? 223
223
223
28%
28%
28%
91%
91%
91%
6%
7Va
91%
.7%
6%
.
:
44%
V
152
25%
*
26
26
28%
29%
29 %
*41
152
;
*41
42%
111%
140
140%
45,-
*44%
26%
27
30
31
29%
29%
*41
43
*
*41 Vj
152
1C0
26 3/4
28 Va
27
23
30%
30%
*28%
29%
"
42
42%
42%
42'/a
110 J/4
*109%
138
139
139 3/a
138
131%
"130
131%
45
45
45
110
•44%
110
110
110
"120
*120
140
400
110%. 110 J/a
45
370
110 %
*120
*120
40%
39
39%
39%
96%
96%
96%
96%
*96 Va
973/4
*97%
98%
•
41
41%
.98 »/4
22.300
42
99
41%
41
900
.
117%
117%
119%
121%
123 %
124 J/4
*125%
125 »/a
1.500
26
25%
26%
26%
27%
273%
28%
28 3/4
29%
13,000
28
27%
28
273/4
23
28
28
28J/a
23 J/a
1.900
121
*118%
121
*118 Va
120
120
25%
,
2
Aug
16% Jan
55% Oct
25
26
39
Jan
48% Sep
14
Sep 29
42
May
25
133/4
Aug
63
47% July
Jan
Feb
573/4 Nov
26
23
2
45
Jun
18 3/a
Aug
2
Apr
109 % July
102
Sep 22
663/, Jan
2
85
Aug
12% Jan
22
20% Nov
7%
20
45% Oct
30 %
Feb
70 % July
13V4 July
Feb
34 ?» Jan
37%
July
2
Jan
16
7% Jun
25
13/b
Jan
23/a
Jun
10
Jan
19
23% Jun
26
6'
Jan
11%
Dec
263/4 Aug 21
32% Feb
28
22% Mar
28% July
161/2 Aug
May 19
8%
Feb
6% July 31
1%
Jan
6
Aug
34
6
2
.
NOV
Dec
Dec
72% Jan
24
91% Oct
25
46
Jan
77%
183/4 Jan
22
Jan
22
Dec
Dec
2
Apr
20'A
No par
No par
No par
No par
19J/2 Jan
Preferred
Paper
2
135
Oct
174
,
93/4 Oct
29'/a
3
109% Oct
17
Jan
6%
Jan
6
154%
Feb
12
27
673A
Apr
82 %
165%
Jan
180'A
Dec
Nov
1%
Jan
3%
Aug
29% Nov
15%
Jain
183/4
Juri
65
Jan
80
93
Sep
187
Apr
'23A Jan
23
11'
Sr'
2
93% Oct
5% Jan
2
24
37% Oct
19% Jan
26
41% Oct
84% Jan
26
112% Oct
130.
13%
Jan
Feb
136
31
26
66"
Feb
94
3V2% preferred-
Oct
5
7%
Feb
12 Va
Oct
8
68%
Jan
92
Jun
Jan
47
Aug
Jan
43
Sep
DeC
3
39
Feb
92
54
Nov
1
39 Va
2
41% July
453/3 Oct
17
35%
Nov
2
146% Nov
1
'Jan
148
2
137% Apr
19
2
31% May
93
135
Oct
Jan
11%
7
20
Dec
7
I!3/*
jan
Nov
1
15
Apr
20% July
30% Oct
18
15
Jan
Aug 31
44
Sep
12
29
Jan
45
July
Jan
12
152
Oct
17
Jan
144
Dec
34% Jan
22
43
Oct
15
2
31 Va May
17% Jan
2
31
19% Jan
24
36
138 y4
27
100
144% Oct
133% Nov
2
118% Aug 22
45% Nov
2
101
2
Jan
12 Va
31
Jan
25
109
Sep
17
pref series A——
—100
5% pref series B conv—-—100
Joy'.Mfg Co
—
——1
79
113
102
Dec
20 Va
38% Aug
Apr
Jan
112%
Nov
84%
Feb
105
Dec
30
Nov
107%
114% May 31
preferred ser A—
100
Joliet & Chicago RR stamped—100
-Jones & Laughlin Steel-.
No par
iJohnson_—
Jlan
Feb
56'/4
117
20 % AUg
145
2nd
Jun
21
115
1093/4 Aug 22
j
OCt
Dec
Dec
21%
Mar 27
No par
100
No par
Johns Manville Corp
Dec
Jun
32% July
Apr
9 % Mar 26
79
1
preferred
Nov
Dec
6'/a
25%
140 % May 22
23
103/a July
188
4% Jan
7% No.v
28% Jan
129
Feb
*
18% Jan
it
6%
15
4
No par
No par
No par
Johnson
15
178% Jan
183/4 Jan
.4%%
Dec
83/4 July
105%
Oct
231
753/4 Jan
40% July
Apr
Nov
Oct
8%
Jan
104
93/4 Oct
19
74% Mar 21
Jan
123/4 July
12% Oct
63/« Mar 28
8% Mar 26
173% Jan
-—100
.
Sep
Aug
7%
533/4 Nov
17
Nov
165
*87
9% May
15% Oct
6
No par
Jewel Tea Co Inc
1113/4
Feb
71%
104% Jan
.1
Jan
Dec
106'/a
Mar
158
25
preferred
preferred
Jun
88%
19
104 % Nov
Oct
42% July
35% July
100
Jun
2
No par
No par
:
50
Intertype CorpIsland Creek Coal
.
109 Va Mar 16
26
100
No par
Silver—
22
153/4
8% Jan
100
13
5,% conr. preferred
Oct
60
2
26
11% Mar 26
No par
No pdr
-No par
100
CO——
2
37% Jan
100
No par
——1
26
Feb
20
;
8
Jun
30% Nov
38
Jan
82
No par
—
Sep
,
104% Jan
1
*—-No par
Corp
.
166
100
preferred-—
4J/2 %
39% Jan
103
Teleg
Foreign share ctfs
Interstate Diept Stores
»
603/4 Jun
2
2
Jan
56
800
'
39%
42
23%
'
132% 133%
45%, 45%
132%
Dec
-100
1.300
140
19 V*
44
preferred—L—
90
.
Jan
32 Va
'
1.700
43
111%
13%
30
Feb
$0
110%
Aug 27
15
Dec
Jan
*150
111%
Nov
33/4 Jan
Intern'l Telep &
1.500
*100
21%
23%
10%
International
4.600
400
Jan
24
?-/•'
56.700
43
43
43
*150
—
42
131%
110
*120
263/4
"109
44%
.
110
110
27%
13%
25% Jan
International Shoe
700
'
140
*130
131%
*129
*146
146%
263/4
29,
42%
140
146%
Sep
23
7
17% Jan
International Salt—
1.300
45 3/e
47%
25% Oct
Jan
15
5%
100
148
145
36% Mar
28
710
54
45%
45
142
2G%
111%
*107
44%
140
"
8
14 J/4 Jan
Intfer Rys of Cent Am.
3.400
•
108%
*53
•
6,400
18 3/a
18%
20% Jan
Oct
26
International
52.700
111%
111%
X108
54
54
44 V8
*150
42%
*42
111%
2
61
Apr
'•
133/4
18%
" 108%
19%
30% Nov
383/4 Oct
240
,
413/4
Feb
2
2
23
Jan
17
preferred-100
International Mining Corp—
1
Int~Nlckel of Canada—
No par
29.300
140
41%
Dec
25% Aug
25
4%
9.200
35%
139%
108
,
7%
34%
353/,
41%
29% • 29%
;
1
*107
7 J/a
140 -
29
*
43
*150
*150
V 7%
July
125
76
Preferred
700
73
Apr
41% Jan
Int Hydro-Elec Sys class A—.—23
International Min- it Chem
3
-
Jan
42% Jun
Machines—.
International Harvester
4.700
93
25%*
26 \
28%
29
29%
92
110%
5
*145%. 152,
26%
29
,
'
29
41%
150
*140
26 >
*25%
28%
V
43 %
.
145 %
29%
91%
7
54
*
44%
;
:•
25 V*
26%
'29 V*
45
*135
*
*53
150
,44%
fr
/-
74.800
91%
18 Va
54
.
10%
29%
107 V*
*52
150
*145%
18
107
184
X184
63
114
3
Int Business
G.^oo
570
10 Va
35%
18%
91
98%
.903/4
1843/4
2
30
Interlace Iron
800
11
*138 Va
41%
110%
223
223
225
Mar
24
Intercont'l JRiibber—
4.200
Jun
134
47% Jan
Interchemical
16.800
89
Jan
19% Jan
ro
9%
12%
9'/a
12
10%
35
110
110
1843/4
140
*
40%
106%
18
105%
54
140
40%
90
r
34
34%
.
109%
18% '
7
140
39%
110%
*44%
,
*128
/
A.,
105%
*140
,
33%
35%
.41%
*52
V—
104
140
223%
91%
28%
91%
18%
222
90%
184%
10%
" 28%
,
93/a
.,28%
109%
9%
12%
:
108 V»,
108%
10«%
9Va
12 %
183%
73/4
105
221
;
10* %
9%
12%
9%
3%
34%
109 Va
;
12 /
1843/4
184 %
39%
-
"89%
8
•138
9
,
90%
893/4
90%
184
tlaw?
223
\
89
7
9%
12 yB
11%
12%
*108%
108%
108 %
108%
9
12
Apr
29% Jan
~
108'/a
Feb
75
100
$4.50 preferred A-—
Ingersoll-Rand
6% preferredInland Steel Co
Inspiration Cons Copper—
Insuransharrs Ctfs Inc
200
Nov
27%
23% Jan
25
-20
Indianapolis Power It Lt
Rayon."
134
103%
104%
14%
9%
105 Va
105 Va
*131
Feb
75%
170
33 % Nov
—1
*
105
135
Apr
128
July 20
86% Nov
No par
Industrial
*171
104
51%
51
110
•
33
Jan
Mar
20 Va
6% preferred series A
100
Leased lines 4%
—100
RR See ctfs series A———1000
*
'
32%
Sep
Dec
22V2 July
'7
10
91
*90
9C%
'
Idaho R»wer Co
Illinois Central RR Co_
1,500
*70 J/a
70'/a
33
10f>
14%
*9%
9%
16.600
*132%
104
14%
14%
50%
900
33
*171
102%
,
503/4
14%
14%
102
102
,
37
37%
58%
135
101
37
37%
t
30
,
*171
*171
Hupp Motor Car Corp
37
90%
*32%
...
105 %
*131%
*171
11.300
70
293/4
28 J/4
57
10.500
6
36%
32 V2
•
29
56%
90Va
r
5%
6
36%
,
69%
<
29'/a
x29 Va
53/4
Dec
112
133% Aug 20
29% Oct 10
15
100
Hud Bay
Hudson Motor Car—
63%
1
115% Oct ,11
15
Feb
non-cum
6.100
Sep
160
9
138
21% Aug 20
preferred———-100
Mln & Sm Ltd..
No par
5%
600
30 Va
30
Feb
Aug
35% Nov
15
72
189
8
Feb
—
18%
*17%
18%
29
,
w
18
30
*17
18
Jan
Co—No par
C——23
Manhattan
&
Hudson
6-600
22
82
of Texas v t
*
*17
30
Mar
2
88% Oct
2
10
123
—100
Co___
11
1023/4 Nov
-^--50
Howe Sound
; 2.000
2
24
Jan
130
No par
—
Houston Oil
48.000
4
44%
preferred
Houston Light tc Poorer
1.000
84
19%
82%
17%
'3%%
99
20%
Nov
293/s Oct
No par
preferred ■
-Household Finance com-
'
125
10
12.50
> »?.25
70
107
*106
106
Mar 13
No*J!¥n
Common
11.500
'
'
106
8%
-No va'
floudaille-Hershey cl A
,
23 Va
22%.
22%
9%
Jan
9
dc.Sons (A)Holly 8ugar Corp
1
*45
46
57
57
26%
106 Va
26%,
*106%
53 Va
Apr
2%
-*
29%:
29%
6%
29
10
Hodander
July
110
104%
13
11% Sep
AO
Co
(Del)
Jan
15
14% Sep
5
(C E) The
Furnace
101% Oct
4
22% Jan
No pa'
& Dauch Paper
30
71% Apr
100
{Vo par
Nov lo
24%'
25
53%
after
pfd-5%
28
29
*45 3*3
46
22%
22%
21%
22%
55%
52'/a
*45A
*24%
27%
52%
46
*45 A
46
21%
27%
52
27%
27%
51%
27 %
52%
24%
24%.
.24%
*24
6Vo
Hershey Chocolate
$4 conv preferred
Hewitt Rubber Corp
200
86%
'
*45 &
:
150
136
i
131%( 131 J/a
33 Va
27 Va
33%
56
56
56
55%
136
*
29%
*28%
X136
Oct
~8*% Jun
Mar 26
.
-
Jan
170
100
No par
Herfules Motors
%
5%
100% Oct
—
prefetred
non-cum
Hercules Powder
1.100
"< 115
•111
'
W>
(G
7%
100
preferred
33/4%
Helme
200
181%
35%
115
*130%
136%
137
34%
810
6
share
2
12% Oct
20% Jah
-J®
Hecht Co.
2.000
90
181 %
181%
*111
28%
*86 «/4
91
38% Nov
4
per
108
25
Co—
9
$
6
-7
Glass
Hazel-Atlas
Highest
share
per
9% Jan
*
Corp
Hayes Mfg
Year 1944
$
per share
Apr
98
.
Hayes Industrie* Hit
300
1023/4
102
102 %
200
125
28%
28 Va
28 V*
*102
90
*178
180%
) 32%
109
111
•110
88%
88%
182
*36%
:
100
125
121%
121
28
102
102*
102
101
88 %
27%
27%
27%
023
100% 101
•180'/a
1.300
11%
11%
*99
S
share
Lowest
73/4 .Tan
x30
Hart, Schaffner & Marx—
10
flat Corp of Amer
a.--—.1
4Va^ preferred (modified)—100
-800
,
11
13%
83 %
38%
99%
13%
28
38%
38%
11
100
119 Va
Shares
$ per share
S per share
share
$ per
Par
93
' • *,2
lHa
per'share
37%
37%'-3734
100
S per
EXCHANGE
the Week
Nov. 2
Nov. 1
Oct. 31
Range Since January 1
Lowest
Highest
STOCK
NEW YORK
Sales for
Friday
Thursday
Wednesday
Oct. 30
V
share
S per
-
v
Taendat
Oct. 39
Oct. 27
PRICES
SALE
HIGH
AND
LOl r
Range for Previous
STOCKS
v
Monda*
Monday, November 5, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
?158
2
4
Sep
25
Apr
Sep
Sep
111
Dec
May
95
May
1073/4
90
343/4
Jan
10
27 Va Jan
24
42
Nov
2
20%
Jan
28
Dec
Mar 27
99
Nov
2
58
Jan
80
Dec
Jan
93
Dec
Jan
20%
Dec
21%
Aug
90
91% Jan
2
30% May
9
10%
30% Sep
20
125% Nov
2
19% Jan
66%
9
K
,27%
121
*118
24%
23%
57%
*57
27
*27
57%
27
38%
39
31
27%
43%
•
*118
24
23%
24
121-
*57
58
58
58
*27%
28
28%
30%
30%
30%
37%
38%
38%
38%
1.500
31
31
31
30%
31
263/4
27
27
27
44%
45 %k
45
45%
*30
31 J/a
31
31
27%
27%
27
27
43%
44
44
44%'
54%
14%
143%
93
92%
109
33%
:
*54
31
*30
14%
14%
15
92
32%
*91%
32%
32%
109
33%
108 34
34 Va
*16%
43%
43%
46
46%
46
333/,
46
:
'
58%
58 Va
.
15%
15%
15
15
4.800
'•:
453/4
48
16%.
*16%
.
:,,v,
47%
.
46%
47%
»•:":.
«
343/8
80
3.000
"
16%
300
16%
46
;
,
46
70
4.800
32%
109
3iV*
343/s
34 %
16%
45
109
110
900
93
32%
32%
32 Va
•108 Va
34
*92
-92
92
32 %
46
48
47 J/a
Jan
3
13
Jan
22
29% Jun
18
6%
Jan
14%
34
J an
22
59% Jun
18
193/4
Jan
393/8 Mar
preferred—
100
18% Jan
26
30% Nov
23% Jan
22
41
non-cum
;
Dept Stores
& Co
Kelsey Hayes WhT conv cl
(Julius)
.
Class
——3—5
32
23
Mar 26.
117
13 %
17
Jan
8
20
Jan
1
Oct
20 %
Feb
12
Sep
124
Dec
x26
Feb
Dec
Dec
Aug
243/4
Jun
2
29 % Oct
8
13 Va
Jan
19%
Jun
35'A Jan
24
453/4 Oct
19
293/4
Jun
373/8
Dec
No
32% Aug 17
19 Va
Jan
Dec
par
22% Mar 10
24
8
58% Nov
8% Jan
15
31% Mar
3'
Feb
42
par
1
38% Jan
par
72% May 14
preferred—
Co Inc—
preferred- Kresge (S S) Co
Kresge Dept Stores
—No
—,
No
prior
10
& Co
3.300
Kroger Grocery di Bak—
93
1'
112
32
3
Mar
34% Oct
Mar 26
54%
29
Oct
34% Jan
9
108%
5
22
26
9%
78 Va
Jan
Oct
Dec
De<£
Dec
Dec
34%
Dec
108%
Dec
Feb
27%
Nov
6%
10 %
Jan
Oct
7
17% Oct
16
35% July 27
Jan 24
37
46% Nov
1
273/4
Jan
39
Dec
50 Va Oct
*18
31%
Jan
37%
Nov
7% Feb
2
26
Apr
X31%
Dec
49%
Dec
8% Apr
.No par
—
1
15% Nov
1
Aug
26
1
-
—
Kress
Aug
107
10
-
—
28
100
Koppers
1.400
?
124
18% Jan
.Svf-4 3/4%
(S H)
3
No par
—
Kimberly-Clark Corp_:
Kinney (G.R) Co—
,,v$5
22% Jan
_1
A
B-
Kennecott Copper..
Keystone Steel & Wire Co.
58%
w
Jan
117
Kaufmann
Kayser
4.000
32'A
92
47%
■
2.800
16.500
57
109
16%
17 %
300'
.57
♦30
15%
17%
■
31%
56
44 %
«•
l:
55%
43%
17%
<
54%
*108%
34%
38
31%
92
32%
32
**30
1%
5C0
38%
4434
54%
6.3C0
25%
59
38%
32%
24%
57
25%
25%
•„
Apr
20
—No par
No par
Kan City
Kansas
16%
10
P & L of ser B-.
City Southern—.
Stove & Furn—
Kalamazoo
121.
28%
38 Va
27%
109
*118%
24%
,
31
*30
V
No par
4,
.fif.
'■M'eM r 6%
38 Va
39%
'
5%
6%
•6%
♦39%
39%
39%
*28%
*55%
56 V*
*55
56
70%
70 Va
*68
70 t
143/a
14%
"14%: 14%'
39
ft:
29
39
11%
11%
3%
3%
28%
29
29
6%
6%
40%:
56 V*
V
*56
.
39
39
39
10%
3%
15Va
40
39%
41%
llVa
11%
3%
3%
:.
..
49
49
49%
253/4
26%
25%
26%
25%
26
•
••/
'
51%':
26 J/a
26%
'48%
<■'
51%
25%
253/8
26
26
26
65
65%
65%
66 V*
66 Va
67 %
10%
11
10%
11%
IIV4
11%
713/4
71%,
72
72
97 Va
94%
95
98 Va
98
193
96
-
191
97
95%
,
191%
192
96 Va
192
*71
96%
96%
393/4
*39%
53%
54%
53%
53 Va
*52
52
26%
27%
26%
38%
38 V*
*37%
w-
For
footnotes
see
page
2163.
39%
40
40 Va
413/4
54
53%-
55%
56
57
53
:■
16.800
3%
15,700
49
1.400
51%
2.200
/
v.11.100
x53 %
24
6% Jan
30
2 Va Mar
26
33/4 Jun
8
22
51% Oct
17
3.600
Lerner Stores
2.800
23.900
Libbey Owens Ford Glass—No
Libby McNeill & Libby
70 V4
70%
96%
■
96%
98
193%
*42
56J/a
310
800
57V4
5.300
5334
54 Va"
27
27
53V
28
28
V4
29 %
28%
29 Va
38 V4
38
38
38%
38 %
38
V4
38%
i
-
1,700
Corp
,
—
Preferred —
—
Lily : Tulip Cup Corp——No
Lima Locomotive Wks
No
Lmt Beit Co
No
5.100
Lion Oil Refining Co__
1.500
Liquid Carbonic Corp
1
2
56
Oct
25
72
Oct
22
38,
Apr
16% Jun
26
8
Jan
12%
Oct
41% Oct
11
21
Apr
31%
Dec
17 V2 Jun
18
4%
Jan
8Va
Dec
1%
Dec
-
Jan
2%
15% Feb
39 Va
Jan
38%
Dec
Dec
36% Jan
22
51% Nov
1
20% Jan
3
27% Oct
23
13 %
Jan
21%
Jun
Nov
2
17 %
Dec
193/4
Dec
67% Sep
20
53%
Aug
11% Nov
2
17% Jan
51% Jan
7
3
23
73/2» Jan
27
22
,
24
2
■
72
Oct
78
100
Oct
78
47% Mar 28
'Jan
2
23
100
Nov
30 % Nov
42
29%
par
par
5
35% Jan
(new)—No par
Series B
3.500
-
Corp
Liggett it Myers Tobacco—.
1.300
42%
53%
Life Savers
300
V
98%
192
;
53
-
29% Jan
11%
99 Va
39%
4
67%
193
*192
2.600
"
39%
22
Jan
27
>
713%
95
Jan
12
113/a
J
V
18
47
66%
/
11 Va
94 Va
54% Oct
26
26 Va
66%
71%
12
26 Va
26
94%
41
1
3
24% Sep
•v/; --26' /
653/4
*70
32.800
12%
33/a
:
11
"
15
12
12V4
3%
4s/4 Apr
31% Jan
-
i;6oo
71%
*14%
i.40%
49 Va
50 V2
50%
/
*
3%
12
3%
49%
•:
49%
12
)? 49%
*192
1.900
57%
70% ? j V^:s70%'
15 Va
49
*95%
1.4C0
:
'
70%
100
No par
Lane
Bryant——
No par
>
4V2 % Preferred
——-—50
Lee Rubber & Tire—
-5
Lehigh Coal & Navigation Co—-10
Lehigh Portland Cement
23
Lehigh Valley RR
50
Lehigh Valley Coal—
—No par
/
6% conv preferred
50
Lehman Corp
(The)_
1
Lehn it Fink Prod Corp
3
Laclede Gas Lt Co
Lambert Co (The):
109,500
30%
15
49
-
t'29%
70
48%
25%
42
;
48%'
•
6%
.*'41 Va
•V
*
14%
70
49
48%
6%
^
56 J/4
*55%
...
&
it'/'
29%'.
42
29%
29
*55%
■i .6%
40%
....
181
:
32
3
Jan
6
195 % Apr
47% Jan 25
par
41% Jan
22
8% July
Jan
49 %
Dec
68%
Jan
83 %
Jun
67%
Jan
86%
Jun
-
3.
Jan
par
Jan
6% Apr
39
30
101% Oct 15
"Mar 28
42
182
Nov
,174%
Jan
413/4 NOV
26%
Feb
32 %
59 Va Mar
36
Apr
52
Dec
Oct
37
Jan
44
Dec
NOV
22 % May
Jan
30 %
57
25
—No par
19% Jan
22
29% Nov
17%
No par
29% Jan
2
38% Nov
19%
Dec
Dec
^Volume 162
" Nuftiber 4435
THE COMMERCIAL
LOW
Saturday
Mania?
Oct. 27
$ per share
AND
HIGH
BALK
Tuesday
Oct. 2I»
Oct. 30
t per share
PRICES
Wednesday
,;
3 per share
32 %
33%
32%
32%
32%
30
30 y*
29%
30
30
65"
64
64%
64
64%
21%
21 *
21%
r 21%
74
70%
72%
73
28%
Va
180;
29
180-;
28 'A
179
26 %
26%
26%
61%
16%
01%
16%
178
26%
179
65%
65'A
65%
22
72%
29
29
29'/a
29'/a
*178
179
26%
26
176
62 Va
16%
16%
$
>
Inc
per
share
♦ per share (
.
19% Jan 31'
33% Oct
°35%
36
"35 %
153%
"152
36
*35%
154%
% £ ,26%
62%
16%
36
~
*152
154%
r
16%
,
3,000
35%
35%,
Lorillard
•"/
;
-
Y
90
i
7%
V
preferred--
166
*35
■
154'/2
59%
58 %
59
58
58%
59%
43%
43%
43%
44%
44%
109%
109%
109%
109%
109%
10974
31%
31
20%
9%
31%
20%
525
"490
10%
10
22%
21%
31%
"30%
5
8%
9
16%
,
6%
60%
2,000
Mack
3,800
-50'
*445
46
110%
7
31
21%
2
10'A
10%
10'A
10%
25
26%
25%
27
32%
33'A
34
1.700
16 y4
112
*107%
28%
29
28%
16%
161/4
30%
111
16'/4
30%
28%
*16'A
30%
*109
6,500
•
'
10
16%
31'A
: 5%
9%
pfd scries A__—_
July
20%
1
■
380
32%
No
-
111
*108%
111
8.900
29
29%
2974
30'/a
111
4%%* preferred
Martin (Glenn L)
30
30%
11.100
19
19%
19%
20
20 %
20'%
19 3A
20%
'6,400
50%
50%
51
52
51 'A
53%-
53'A
5374
Masonite
34 V8
34%
34%
2,200
34%
*34%
36
35 'A
35'A
36
1.300
29%
28%
29
28%
29
29'A
29%
29
29%
193'/2
*186
193'%
107
193%
41%.
107
107
13
13%
51%
*51
"111
114
42
Co
7%
13
12%
13%
4.100
51%
51%
51%
100
114
45
107'A
109
114
"111
"111
1.180
,
114
49
49
50%
50%
50%
51
50
50
1.200
27%
27%
26%
27%
27
27
27%
27%
27%
28%
4,100
*121
122
*121%
121
121
41%
42
*41%
41%
28
28
*27%
28%
63
63
62%
36
36%
106
35%
107
106
22%
"112%
*112%
114
24%
25%
23%
122
122
122
60
No
$3.75
preferred
Maytag Co
$3 preferred$6 1st cum preferred
McCall Corp
McCrory Stores Corp
5% conv preferred w
114
42
1.200
29
29
1,000
McGraw-Hill Pub Co
63%
64
65
1.300
39
4.400
McKesson
36%
36%
41'A
39
*106%
108
108
22%
38'A
108
108
25%
$4
300
23'A
112%
11274
24%
41%
23 Va
22%
114
24%
*112%
114
10
25'%
26
2,200
23.
2.600
26
24'4
20 y4
*106»/2
109
*106%
109
*106%
109
106
106%
106%
*105
106 %
*105
106%
*105
106%
5%
60
21%
21
21
20%
43%
43%
43%
43%
44
44
1.800
26%
26%
26 y4
26%
26%
27
26%
27
26%
27
3,600
Men gel
79%
81 Va
no
80
81
81
38
"37
38
78
80
80
80
39
*37
38
37%
38
38
48%
*48%
48%
48%
48%
49
108
108 y4
44
30%
45
158
108%
10874
9%
9%
31
10%
10'/a
29%
29%
45
69
16
16%
45
159
*158
159
70
68
68
67%
16 %
16
16 %
16%
3
3'/a
46
O
3'A
52%
52%
52 y4
53%
53'A
*52'A
*111%
114%
*111%
114:%
*111%
114%
"108%
109 %
109
*108%
111%
*109
111%
110%
*110
110%
10%
30%
110%
10%
10%
30'/a
30%
10%
122
*120
121
110%
*110
11'/a
122
*120
30%
110%
10%
10%
,
30%
17'/a
3%
1.500
•
110% 110%
110% 112
11 VA
121%
31%
31%
*117
31
6,100
13%
14
14%
14%
14%
1474
14%
36%
37%
37%
38%
37%
38'/a
48%
49
,
14,100
47%
30 'A
30'/a
106 %
106'%
50
30'A
50
50'/2
107%
50'A
*30'A
31
*30
108
107%
3.100
31
300
108
107
1.900,
113
113%
*113
113 %
113
*113
115%
*113
113%
118
*116%
120
*116'%
120
*116%
120
120
109%
*109%
111
*109%
111
*109%
112
66%
67%
66%
"46 'A
67%
68%
67'/a
68%
48%
*46
48'/a
48'/a
48'A
49%
39
39
*38%
39%
38%
38%
39'A
39%
38%
"38%
39%
*38%
39%
38%
39'A
30
30
30
30 y2
30
30%
29
42%
42%
%
*42
15%
16 >A
16
108
108
*36
30%
31
30'%
30%
29%
30
30'/a
3074
43
42
42%
43
43'%
16%
16'A
1674
15%
16%
16%
108%
108
109
107%
108'%
36
36%
36 %
36'A
*36'A
120
*118%
320%
*118%
120%
118 %
118%
112
111%
111%
111%
111%
111%
112
17%
17'A
16%
66
17
17
*62%
17%
16%
270
29%
36
"63
266
30 %
119
"111%
900
39%
29%
*41
16
106%
49%
39'A
29.300
39'A
4974
*39
,
10;
72%
30
29%
43%
106%
112
69%
69%
38%
48
66
*62
4"%
Jan
12
15
37 »A
Apr
51% May
Nov
2
66
*62
8.200
230.
200
120%
400
112
132
17%
1.500
36%
*118'%
180
13'A
18
*t2
66
2,500
108'%
*36
37
2,100
■
B
109
Nov
10,600,
66
29'/2
Oct
28% Nov
2
16
Jan
21
Jun
Nov
2
122
44
42% Oct
22
1
14
Feb
19
47
Mar
Nov
39
6
108
5
27
1
f'. 97
24
114-
32%
4
28% Sep
104%
,111
21% Oct
Jan
8
Jan
15
82
Jan
100
.108% Oct
3»
35
Jan
8
70
Jan
94
Sep
19
31%
ADr
28% Oct
17
'Oct
17
3.
54% Jan
0
47
>
,
,
86
3
106%
V.
*
3
Jan
37
May 16;
10% Oct
35
.
Jan
53
13
■
3
,
Oct 10
39
Jan
V 144%
18
12%
Mar 13
Oct
108% May
107
19'A
2%
Apr
Mar
24
6%
31% Nov
2
17%
16% Jun
49% Jun
18
52
13
3
2
79% Jan
2
Feb
33
19%
July 26106% July 26
Dec
18%
Dec
39%
Jun
Sep
Apr
25
117
Jan
119%
Sep
107%
Oct
113
Jan
41%
Oct
88%
Nov
.
2
72%.Nov
23
Y; 6%
114
28
119 V; Apr ; 2
113 • Jun 11
113
Oct
Jun
23% July
Jan
74%
.9
Jun
Jan
Dec
9%
111
111% May
8
109% Oct
116
Sep. 25
2%
29
Nov
112
Sep
Y 8% Jan
18
Sep
Dec
Dec
113
Feb
22
Dec
46
v
Jan
2
Oct
Dec
114
V
,T>
Jan
93%
22
47% Jan
1%
36'A
105
5
Aug
58% May
Apr
Oct
16
Jan
111
,
—No par
Jan
46
23
25'A Jan
10 " >.•
27%
116%
Oct
5 '/2 Jan
Dec
28'A July
11% Jun
16'/a Jan
■
8% July
Sep
1
122
4
36
107
Apr
6
.111% Apr
7
22'A Jan
100
20
Dec
23%
6
114
.
7'/a Mar 26
109% Jan
No par
38 .' Dec
10
113% Jan
4
108% Aug
Dec
Aug
107
v
5
July 2
58% Oct 16
1% Mar 27
42'A Mar 26
100
55%
4
Jan
Oct
Aug 20
108
Dec
Mar
47% Oct
160
75
May
Oct
Nov
1C Va
Jan
27
19
Mar 24
109
Sep
38 Va
22% Jun
24
Jan
137
,
"
87
'
25% Aug 21,
4
Dec
13
25
2
31% Oct
7% Jan 23
.
A
.tun
■45% May >
50% Oct
2
111 •Jun 29
33'/a Mar 10
par
Oct
Dec
19% July
16% Aug
109% Oct
94
Dec
13%
Feb
-Sep
14
31
3
14'A Mar 10
Oct
Dec
55% July
28% Nov
Apr
10
103
Aug 29
Apr
22
Apr
21% May
9
Mar
24% Oct 15
;
Dee
112%
Feb
109%
29% NOV
68
Oct
i'
July
:il0%
*
2
Jan7
,
98% Jan 12
Apr
Aug
53% Not
/
41
2
35%
Jan
42
Oct
23
44% Jun
21
21%
Jan
35%
Dec
fi
34.% Aug 21
44'A Jun
21
21% Jan
32
Mar 26
32.% Jan
.
20
v
Co
9% Jan
22
Jan.
x82'A Feb
Jan
5
YY
.
Dec
33%
Dec
10%
Oct
1
Oct
19
20
15
70
38
Jan
4
19% Jun
{5
Jan
Jun
25'A
Apr
NOV
•
20
43%
62
Y100
Oct
24% July
Aug
May
Nov
110
8%
Oct 17
115
109% Jun 21
53
1
,
24%
Jan
120% Oct
:
8
15
,
13
,
26%
4% Jan
72
Jan
10
109
97'/a Mar 27
4
16%
9
Oct
17% Oct
6
15%, Jan
May 17
45
6
31% Jan
49% Nov
32% Oct
23'/2 Mar 27
8
1
Mulllns Mfg Co class B
1
$7 preferred
;——No par
Munslngwear Inc
No par
Murphy Co (G C)
No par
4%% preferred
100
Murray Corp of America
-1C
Myers iF E) & Bro
No par
Corp.
Brass
Jan
12% Mar 27
preferred series C—.—No par
No par
No par
Morris & Essex
50
Certificates of deposit
Motor Products Corp
No par
Wheel
19%
25
j.
$4
Mueller
9
52
4
•
Montgomery Ward & Co
Morrell (John) & Co
Motor
106% Mar
13
109% Jan
-No par
B
.6
.
25
——
Preferred series
32% Mar
Sep
Oct
Aug
17'/8 Jan"
preferred ser A——No, par
$4.50
-
11% July
4ya Mar
15
114
Aug. 14
13 '/a Jan
—100
Tool
2
15
Oct
25
Power Imp]-..——1
Mach
Dec
Nov
13% Oct
19% Jan
.
24%
176%
19% May
Mar
170
55
4
29
' vtc___No par
Monsanto Chemical Co
-
Jun
2
30% Jan
preferred—————No par
Corp
---IQ
Monarch
8
Sep
29
25 Va May
'
May 17
Nov
': 52
preferred———100
preferred series A
Mohawk Carpet Mills
30% Oct
% Aug 21
110
——1
.-50
7%
>
37
4
45
10
Mo-Kan-Texas RR—*—
10
109%
*116%
*109%
Mission
30,
118
113
20
54% Oct
5
4%%. preferred series C
4% preferred series D.
$6.50
9.600
36%
106%
;
inn
47%
*30
Dec
24% Jun
Mar 26
19% Jan
Steel Products—--No par
Minn Moilne
10.400
35'%
30 y4
25%
195
Minn-Honeywell Regulator
3
4% conv pfd, series B,
.—100
80,
20
14
106
Jan
Apr
Petroleum
8% cum 1st
Class
2.300
53%
114'%
48
30%
16%
111
12
Minneapolis & St Louis Ry—No par
Minn St P & S3 M A vtc—No par
5,200
;
37
106
2
Sep
Co-
Mid-Continent
:
700
13%
14
Dec
30% Nov
22
27% Jan
Metropolitan Edison 3.90% pfd—100
Miami Copper
5
60
35%
"47
May
20
24
Mln Trans Co—No
&
Machine
Midland
800
69
?H1%
11%
,
.6.800,
46%
5,3
121%
31%
*117
30%
30%
29%
,,3'A
....
53
'170
159
*66%
16%
114%
121
21
Apr
110
No par
No par
No par
—1
preferred—
1st
conv
Mesta
6.600
158'A
52%
109
10%
45'%
159
3 Va
3
Jan
13%
18% Jan
16
8% Jan.
-.100
10
(The)-:
Co
Merch
300
1 400
2974
46
*158
■5%
340
49%
10874
lO'/a
17
16
46%
*45'%
"111%
"110
*108
68
*66%
3%
49%
10%
29%
*158
158%
68
"3
49%
108%
x29 %
*108
108%
9%
10%
31
Jun
12%
104
preferred
43%
9%
Oct
8y4
~
6
1
42%
30%
Jan
Aug
11
18
Co
43%
107
6%
Nov
Dec
4
16
No par
Robblns Inc
&
Stores
43%
48%
1
10
40% Jan'15
5
$5.50 pfd ser B w w
Melville Shoe Corp
"37
'
-
Dec
24%
Oct
22
1
McQuay-Norris Mfg. Co
Mead Corp
: $6
preferred series A
60
*105
20
Jan
34% July 17
104 >/2 Sep 19
No par
preferred
McLellan
4,000
21
20%
2'/a
10'A
Feb
5% July 13
19"
176% Jan
par
Mclntyre Porcupine Mines
24%
4 16
Apr
Feb
18%
i
2
32% Oct
Sep
27% Jan
5
McGraw Elec Co
29%
*112%
6%
10%
2
.Nov
Dec
Jun
391
9% Mar 26
No par
—•
——1
100
w
63'
22%
2
40
No par
29%
35%
13
34
Oct
'22%
Jan
21% Jan 22
par
No
41%
106 '/4
10% Jun
'27-■ Nov
9
—No par
41%
*
3
Dec
19
Jan
14%, Jun
315
Dec
108 y4
Jun
14
2
17
18'A Jan
100
63
110
105
Wks„
29
105
20%
"106%
Alkali
preferred:
28%
22%
30
17
Jan
15% Apr
—1
——
41%
35%
107
22%
22%
104
38% May
X26% Aug
1
22% Jan
Jan ;20
109
Corp
No par
Corp———No par
*61 %
63
8
Oct
7% Mar
1
Mathieson
108
*51
43%
51%
123
Dec
nov
48
Oct
;
525
7
Jun.
3% Jan,
par
May Department Stores-—..—
12%
43%
50
"121
»
7% May
—100
4.100
107'%
13
51%
*111
No
3.400
42%
*51
30
148
34% Jan
V
31% Oct
3 "
14
Martin-Parry
or?
%
13
114
*186
*
107%
107
13
51%
*111
193%
41%
107
13
"51
*186
41%
8
'Mar
110
Mar'28 :
425
1— I
5
-.100
4
Master Elec Co
28%
*186
Oct
46
24
24
par
prior pfd
Field & Co
Marshall
19%
42%
63
f
—5
Market St Ry 6%
100
51%
193%
Y
Apr
135
May 29
;
"
113
19%
41%
-
Feb
25%
18
36% Oct
•
7
Bros
Maiacaibo Oil Exploration
Marine Midland Corp,
56,100
16%
31%
v
.,"17%Sep 28
155
17
Oct
24%
Jan
*2
Deo
165
Jan
151
5
63 •' Nov
3
16% Feb
v
:
51%
"•187
20% July
17%
16
Jan
106% .Tan
—100
No par
Manhattan Shirt
,
13.200
10
16%
31%
No per
Mandel
3.800
32
9%
"•109 %
Dec
Apr
22
*
10%
9%
Dec
44
Oct
47 3A Jan
2
31% Jan 22
;;
Copper
—10
Mahoning. Coal RR Co
—50
Manatl Sugar Co————*1'-:
525
5
Co Inc
par
Magma
31%
5%
No
Inc
Madison Square Garden
23%
9 %
16%
Jan
.
■w
1,300
10 Va
.9%
Jan
28
,27% Mar
;
21;
28% Jan
147
-.100
5.300
-
31%
er
Trucks
"
31
21%
23%
5
Dec
8%
19
29
183
27
ittaf
13 y4 Aug
10
preferred
4% %
300
•
22
4%
53
Oct
30 ;
4
Jan
ot
10
:
Forbes
&
Macy (R H)
'
31%
4%
29%
30%
45'A
*108%
525
21
*450
8%
"
45%
31'A
21
4%
16%
29%
31
MacAndrews
ino
-
10
60%.;
110%
31'A
21%
*109
525
20%
*490
'
154%
10 YB
21%
31
4%
31
20%
525
36
*152
61%
43%
20%
Feb
23% Sep
.74
2
23% Jan
No par
Y Louisville & Nashville-.—:
3.000 " Lukens Steel Co
4,800
17
18% Jan
-100
——
6
40% Feb 20
10
CO
Louisville Gas & El A.—.
800
63
(P)
28
"
*152
43%
31%
NOV
Jun
22%
40%
1
Jan
15% Jan
No par
No par
29
Long Bell, Lumber A
Loose-Wiles Biscuit
5.300 "
27
62%
i
Star Cement Corp
Lone
3.600
•
179
•26
;.
17
59
■*465
share
14%
M
153%
$ per
share
8
66% Oct
per
15
31% Oct
50
No par
Highest
Lowest
,t Highest
25'/a Aug 10
—1,
.
Loews
.
2,500
w
22%
61%
Lowest
Lockheed Aircraft Corp
•
15.600
72%
26%
16%
33%
Year 1944
Range Since January 1
Par
Y too
*
30% / 31
.:
Range for Previous
STOCK
YORK
EXCHANGE*
Shares
213A
x61 va
62
V,;,;,Y,
share
33%
i
NEW
"
,
21%
29%
v
$ per
73%; 73%
Y
73%
28%
179
60%
16
28%
22
31
Sales for
the Week
:Nov. 2
33%
30%
65 Y
'
share
33%
30%
64%
* per
-•
33%
70 y2
Friday
4 -Y .Nov .:1YYv\';A
I per sliare
21%
YYYYVy'- stocks aY1";
Thursday
A Oct. ;:i
.
2159
& FINANCIAL CHRONICLE
84
Nov
116%
Feb
14% Aug
Oct
Jan
Jan
C3y4
t
N
22%
23%
22%
23 Va
22%
24
23%
24'A
2374
23%
51%
52
50%
51
51%
5274
51%
52%
51%
54
50,4001
770
28 %
28 %
28 %
28%
28%
28 %
28'A
28%
x28'/a
28%
5.000
26%
27%
26
27
26'%
27%
27%
28%
2874
29%
20.200."
16%
17
17%
15%
16y8
15%
15 7 a
16
20%
21
20%
20%
21
22%
21%
24'A
23'%
24%
31%
32%
31 '/a
31%
31%
32'/a
32
32'/a
32
32'A
190
"186
*186
26 %
"25%
*25%
190
26
'••186
%
190
*26
1774
12,300
>
6,900,!
9,800,;
190
*186
190
*186
26%
16%
26%
Nat Automotive
Aviation
National
Nat
Bond
17%
16%
17
17
17'A
17'A
17%
17%
40 'A
39 >/4
39%
39%
39%
39%
40'A
40
4074
2.100
Nat Cash
22%
22%
22%
22%
23'/2
23%
25
25
25%
9.100
National Container
17%
"■
17%
17'/a
17%
17%
17%
17%
18
33%
33%
33%
33%
33%
33'A
3374
33'%
34
33%
32'/a
32%
32%
33'A
33%
34%
34
"11%
12'/a
*11%
12'/«
*11%
■12%
*11%
12'/a
34%
12'/a
6i y8
62%
17%
33 %
,
33
"52
*52
21%
21
106 %
"106
106%
31'/a
30%
30%
186
"155
58%
54
21 Ve
61
60%
65
55
54
54
21%
21%
21%
106%
31
106'%
186
187
156%
155%
155%
20 %.
20%
187
20'%,
106'A
106
31'A
187'/a
156%
22%
64%
156%
187'A 187'A
20%
160
?
187 %
30%
39%
1374
12% -13%.
81%
81 Va
13
79%
81
79 %
80
79
81...
81%
31
31
30%
30%
31
,
'31
3.300
3974:
82
,19%
18'/a
18%
29%
28%
29%
18%
31%
50Q
19:*:,-.
29'%
,
19%
18%
19'A
11,300
29'A
29'/«
29'A
105 '/2
105%
105%
105'%
105%
105%
1057a ,10574
105V2
105 J/2
105 '/2
106 4
106
105%
105%
105%
11%
12
21%
22%
46
*23
46 <
106
108
11%
1J%
21%
21%
46
106
*105 V4
108
,
102
*95
102
Y
106 %
*106'A
107
107%
*106%
107%
39%
39%
footnotes
see
page
105 %
•
12
22
.
46
108
47 •
*105'A
,
103%
•
49
109
K3%
106
*
106'A
*106%
107
106 %
107%
*106'A
107%
39%
39%
39
3974
Y
12%
v
1274
7.500
22%
,3.100
49
49%
1.400
*105%
,';*Q
107
*106 Va
109
i
103%
107
$4.50
Ref Co__
National Supply (The) Pa
Natomas
140.
65% Nov
37
Jan
2
13
Jan ; 4
par
•
Jan
2
Sep
19
192
Sep 28
163
16% Jan : 4
21
'
•
May
Oct
32% Oct
Jan
39% Nov
2
7% Jan
Apr
13% Oct
Y 84
Oct
6
18
57% Feb
22% Aug
32% Oct
19
--
Y
105% Oct
29
11% Feb
24% Nov
79 Va Feb
106
83 Va
20
Oct
10
33 % Mar 16 4
,
17
Oct
31
10% Jan
3
24% Oct
18
pai
10% Jan
3
12% Nov
par
1'
30
15% Mar 26
.100
preferred
Co VU
Newmont Mining Corp
pfd _1U0
-10
24% Oct
49% Nov1
1081/2 Mar
2
6
.
2
12
jn?
.
pv b
«
66
Jan
4
108
Oct
29.
Oct 31
107
Oct
22
306
juo% Jan
4
Y 32
Aug 20
1
1u9'/2 Oct
42
Nov
2
2
Jan
5% Jan
•..* 9
Mar
13% Jan
- 22
Jan
- 96 %
Jan
v
22
•'
NO
irl
Jan
v
25%
24%
-
12
.
'
,
Dec
Dec
Mar
f-37% May
37
Dec
14% July
104%
Dec
25%
Jun
181
Dec
159
Dec
'
22'A July
*
23
•
34
•
7%
70
-
Jun
Jun
Dec
Jul /
*7%
Jvlv
30Va Mar
95
•
98 y4
lka
w*' -e
11% NO V
11% July
18% July
32%
105%
Dec
Oct
Jan
56
—
Dec
,
15
Jan
97% Jan
—
Pr As Lt
Apr
5%. Feb
92% Jan
No
t)
28%
26% July 26
serial preferred— .100
IT J
*
6
Dec
23% Aug
,
33
"A 15
34
'
Jan
65
Dec
Apr
■414%
Jan
Feb
'Y 21
Dec
Dec
417%
Jan
141
Jan
16
Dec
17% Apr
7
2
No
:
conv
Jan
Jan
Feb
Jan
Feb
•
May
*
13%
14
11%
1
30%
2 Y : 26.
8J
9
20
87%
25 Y
19
5
164
2
-10
Co—
Co
jersey
Jun
33 % Sep
24
152
conv preferred—
.100
preferred
Tea
c.r>
3%%
22% Oct
177
:
'
54% Nov
108
xl017/a Aug 17*
/
2
Nov
.100
Neisner Bros Inc
New
par
.-10
34
34% Nov
Dec
21
Apr
-40
prior
Nehl Corp
4%%
No
preferred
prior
200
6.300
12% Mar
22
•;
26
17
35% Jan
par
.
24%
181
*10
Sep
*11% Feb
19% Jan
2
18% Oct
2
v
15
25'A Nov
20% July 17
11% May 5
.100
National Sugar
Oct
41
6
24% Jan
National, Power U Lt——*-No par
.-25
National Steel Corp
5'/2%
9
Jan; 4
Dec
15%
13% July
Mar
18 A, Feb
8% Jan
8
par
preferred A
—
.100
preferred B———
A-l
Linen Service Corp.—
Nat Mall & St'l Cast Co.
No par
4
National Oil Products Co
e%
18% Oct
par
-10
.-10
7%
National
2
19%
165
10
12% Mar
-
6%
$2 j:onv
27% Oct
13
.—1
Co—
preferred —No par
conv
23
Dec
Dec
Jan
20% May
15
13% Jan
31% Apr
National
v
<
y
No
No
Rational .Lead. Co—
30
107%
38% *42
Products—
Nat Enam & Stamoing
•
1.600.
No
No
2
33% Oct
Dec
20'A
18
9
24
20% Jan
par
.—1
24% Nov
192
Apr
par
-10
National Gypsum
"
,
15
„1
preferred—-—
Nat Distillers
130
22'A
12'A
22%
22
"'■
23 A v 23
23'/a
22%
11%
11%
*
108
106%
40
23'A
21%
46
*45
•106%
38%
22%
23%
195%
Gas Co
Products
National Dept Stores
1.420
105%
105 %
23%
Nat Dairy
2.300
*31'A
31'A
105%
"22%
600.
29'A
31'A
.
19'/a
•29
;
77.100
2,800
*
18%
28%
1.200
20%.
-----
—No
Register
National Cylinder
100
7,500
110
39'A
13%
«
420
31%
38
12%
500/.
10,900,
188
Y
30
38:
23.800
159.,A -160
v
•-
29%
12%
31
106
National Can Corp
6%
31% ,3174
*
39
29%
38
12%
.39:
i
22%
29%
28%
.29%
"
*105
9.700
54'A
;
20%
38
12 Va
6574
53%
21%
6.700
12,000
20%,
'20%
12%
29%
"37 VA
64%
r
31%
*157
17%
*11%
65%
54%
21%
31'A
*20 %
XJ7%
*54%
,
106'/2
31
.
186
:
20
For
7,900
24
23'A Mar 26
181% Oct
■
No
Share Corp
&
22%
200
13% Jan
-10
.100
41%
9% Jan
1
17% Nov
Jan
13% Jan
7
2
9% Mar 26
17% July
28
21
16'A Mar 27
„5
Corp
National Biscuit Co——
'. 7% preferred
39%
26%
Jun
29% Sep
29% Nov
—1
Fibres Inc-
11% Apr
1
54
2
—1
Airlines
National
24% Nov
23
20% Jan
Nash-Kelvlnator Corp
Nashville Chatt & St. Louis— .100
—1
National Acme Co
26%
17%
26%
15% Jan 20
35% Jan
—9
68
11 )V
Dec
106
Dec
Apr
35
Dec
.
104
27%
2163.
3?
Oct. 29
Oct. 27
Friday
Thursday
t per
share
$ per
29
29%
28 %
29%
30%
30%
31'/a
31
20%
21%
20%
29%
21%
.v
22
22%
22%
23
22%
110%
*110
*110
112
*110
112
53
53
54
52%
52
27%
27%
26%
27%
48%
49%
131%
48%
49
51
:
129
129%
19%
106%
20%
47%
47%
62
62
375
*275
106%
106%
20%
20
19%
20%
47
47
47
254
255
124
*124
126
~
61%
107
255
125
125
*124
126
20
26%
27%
27%
27%
56%
57
13
56%
13%
57
13
13%
13%
*110%
29%
30%
110%
27%
112%
112%
56%
56
56%
30
34.900
27%
27%
*57'A
57%
10.600
112
*110%
__
50
33,700
30%
30
112%
180
46%
46%
49%
48%
49%
9.200
54
57
55%
55%
300
112
45%
*57
112%
112%
112
13%
13%
13%
13%
13%
13%
13%
13%
13%
13%
1.100
*54%
55%
16%
*54%
55%
*54%
55%
*54%
55%
*54%
16%
*16%
16%
17'A
16%
16%
16%
55%
16%
1,300
*110%
111%
*110%
111%
111%
18%
18%
18%
18%
18%
17
111%
30%
31%
30%
30%
30%
31%
x31 %
110%
112'A
112%
112%
112%
112%
112%
14%
14%
14%
14%
14%
112%
114%
115
115
10.36U
850
113%
9.500
15
14%
15%
24,200
31'A
31
31%
113
14%
115
115
115
115
115
115
15
200
19%
19 Va
19%
19
430
315
22%
22%
22%
22%
22%
23%
23%
24
24
24
31%
32
31%'
31%
31%
32
32
32%
32 %
32%
165
*161
*161
31
31
*161
165
*161
165
N
Central
Y
2.100
11.500
41
162
&
Airlines
29
30%
Jan
Mar 26
410
Oct
19
107
21
Nov
Dec
Dec
2
129
Jan
198 Va
Jun
14%
24j/8 Mar 14
Jan
23%
Dec
50% Oct
17
33%
Jan
Jan
2
258
Oct
9
193%
Jan
218
Dec
Aug 17
125
Nov
1
116%
Jun
122%
Dec
27% Nov
2
15%
Jan
19%
Dec
July 31
51%
Jun
54%
Dec
7%
Jun
11%
19% Jan
2
16
59
9% Jan
20
14 y8 July
2
47%
Sep
Oct
105'A Jan
9
110% Jun
26
100
Jan
17% Jan
31
35% Jun
26
xl3%
Jan
22%
Dec
6
112
106
Dec
Jan
115%
Apr
17%
Jan
31%
Dec
Feb
14% Oct
26
4%
Jan
50% Dec
T * July
Mar 17
56
Oct
24
40%
Jan
53
Oct
17% Oct
5
12'A May
16
Jan
109
Dec
Apr
50
2.50
12 Va Jan
100
pfd
107% Jan
73%
74%
73%
74
74
76
76%
76%
4,500
Owens-Illinois
16%
16%
16%
16%
16%
16%
17%
17%
17%
1.700
18%
18%
10 •Va
19
la
20%
20%
20'/a
21%
1.380
Pacific
82%
82%
83%
83%
85
86%
88
86»/a
86'/a
230
36%
37%
Co
113 V2 Mar
14
2
16% Mar
5
Jan
4
112
12
104%
15%
24
Nov
Sep
20% Mar
23% Nov
105
28%
Dec
8%
July 31
118
Nov
1
2
32% Nov
2
18
7
147
May
22% Jan
30
108
Apr
164 V2 Jun
32
Oct
11% July
99% Aug
8% Jan
26
Oct
108%
Apr
Jan
13% Jan 22
23'A Jan
155
Dec
14%
Dec
24 y2
Aug
157
Sep
Nov
2
74
Feb
7
89% Oct
31
64
Jan
7*5%
Dec
58
Pacific Amer Fisheries Inc
Co
3
107
2.50
No par
12.50
Outboard Marine & Mfg
1
11% Jan
100
32%
2
28
x31%Nov
106% Jan
No par
preferred
Oct
20% Feb
24
16% Aug 20
10
Oppenheim Collins
Otis Elevator
3
24% Jan
NO par
Co
Glass
July
6% Jan
No par
50
95
16%
61% Oct
18% July
44% Dec
37%
*87
75%
Jan
1
*31 %
X75
11%
53% Jan
No par
4J/2% convertible preferred—100
Omnibus Corp (The)
6
8% cpnv preferred A
100
Outlet
29
1
31%
10
Oct
27
2
Dec
3
89%
500
29%
35%
118
Nov
89%
32
Jan
57
*31%
95
24%
49% Nov
89%
32
8
116% Mar
31%
*87
Jan
11
2
31
90%
"
46
*87
*87
Jan
62
118
Oliver Corp
6%
Jan
19%
16
26% Mar 27
Co 4.40%
Edison
15%
15
Jun
110
-"Norwich Pharmacal Co
Ohio
26
Dec
Dec
50% Aug
23% Dec
50
Telegraph
Norwalk Tire & Rubber
Northwestern
Ohio Oil
Apr
$5 pfd.lVo par
No par
Northern States Pow
Northwest
35%
3
July
18%
109
39'AJan
37'% Jan 20
50
100
Northern Central Ry Co
Northern Pacific Ry
Jan
share
219
10
50
1
preferred series
Aviation
5%%
97
per
22'
Jan
75 JA Jun
14% Aug 21
100
North American
13
148
Mar 26
102% Sep
5
100
Industries
Western Ry
Adjust 4% non-cum pfd
North American Co
Noblitt-Sparks
Jan
1
32>AJun
22
17
No par
non-cura preferred
No par
& Harlem RR Co
—50
Power & Light 3.90% pfd—100
SMpbldg Corp part stk
1
York Dock
Nov
$
16% Apr
58% Oct
103% Jan 23
28% Jan
2
No par
'
-2
Highest
share
per
110% July 18
22
Jan
share
per
23
Mai' 22
32
Lowest
31% Nov
9
21% Jan
100
100
Louis Co
preferred series A
City Omnibus Corp
Norfolk
165
*161
165
45
Preferred
112
112
112
*111
19
N Y
600
13%
13
57%
112
45%
56%
45%
—
28%
29
112
112
46%
46
*110%
110%
10,900
20%
20 Va
253%
56%
12%
£80
640
26%
29%
N Y
375
107
900
56%
110%
$5
48
26%
12%
100
256
56%
28%
New
48
26%
110%
200
255
56%
12%
1.800
61%
*57
No par
No par
6%
37%
43
26%
York
109
N Y Chic & St.
28%
*260
106%
New
Jan
-No par
Brake—!
York Air
N Y
20%
.
47%
*124
6.000
New
5,900
20%
126
254
124
115.800
48
253
251
29%
*25
375
108%
2.800
132
130%
37
28%
*57
*300
106%
106%
53%
$
share
per
Year 1941
Highest
18% Ja,n 25
xl6Va Aug 14
—\
Dock—1
Newport IndustriesNewport News Ship & Dry
$5 conv pi eferred
53
37%
*25
8,800
52
52%
131
37'/a
*58
253
\
37
28
385
*257
390
*106%
52
22%
110%
29%
29%
29%
Shares
6.300
53%
54%
128
*24%
*57%
61%
61%
*300
29
52
133
37
36%
53%
S
Par
31%
*110
110%
*110
27
*25
27
27
27'/a
49'/a
130
134
36%
37
36%
—
share
Lowest
EXCHANGE
the Week
$ per share
t per share
share
t per
f per ifcare
Range Since January 1
STOCK
YORK
NEW
Sales for
,
Nov. 2
Nov. I
Oct. 31
Oct. 80
Range for Previous
STOCKS
LOW AND HIGH SALE PRICKS
Wednesday
Tuesday
Monday
l>tutor
Monday, November 5, 1945
CHRONICLE
,THE COMMERCIAL & FINANCIAL
2160
Jan
2
78
Oct
23
55%
Feb
64
Jun
10%
Jan
P
*82
36%
36%
36%
43%
43%
43%
43%
58
58
58
58
36
*140%
*171%
172
172
7%
8
20%
21
109%
*171%
172%
*171%
172%
*171'/a
172%
30
8'A
8%
8 Ye
8%
11.200
Pacific Tin Consol'd Corp
26%
26'/a
26%
600
Pacific Western Oil Corp
*106%
42%
54>/a
57
55
3%
3%
3%
33%
*25%
26%
7%
8
34%
33%
8'/a
54,600
22%
8
22'/a
106.400
15%
33%
22%
15%
500
34%
34%
34'A
34%
7.700
109 %
109 Va
109%
15 Vz
15%
11'A
11
109%
11%
74%
*71
74%
109
*106%
109
*106%
Paraffine
4%
109
43%
44
44%
44%
45%
44%
45%
56%
55%
58%
59%
60
58 v»
59%
6,600
3%
3%
33%
3%
34
34%
26%
12%
12%
18%
18%
:8%
18.%
*70
72
138
137
137
'
136
27%
27%
1.000
13%
13%
13%
7.200
Parmelee
18%
4,800
18%
19%
19
2
*70
72
*70
139
140
141
141
36%
38'/a
38
40%
41
44
44 >A
45'A
13%
14%
14%
14%
14%
14
14%
1.400
7%
35.500
6%
6%
94%
28%
41
40%
41%
40%
40%
40%
42
40%
40%
7%
99%
97
26%
*26
1
26%
*113
7%
%
96%
96
95%
*26
*113
40%
*
7%
6%
6%
94%
26%
*25
*26
26
41
36%
*86%
90%
92%
*24%
25%
25%
25%
25%
26%
34%
35%
35%
36
36 Va
36%
25%
26%
26
26%
27
27%
108%
108%
26%
*26
113
*109%
*91
PI
91 l
:
1
34%
*34
107 %
*106
34%
*106
9%
13%
13%
28 %
■
33%
27%
34
66%
66%
113%
113%
27%
67
112%
28%
27%
27%
27%
118%
118%
16 Va
15%
65
23 %
*119 %
52
20
33%
106
*121
6%
86
io y®
*97 %
20
15%
37%
36%
36
25;,;
•
9
11%
*112
66%
67%
113
112%
28
28
27%
27%
36%
36 %
65%
23 %
125 <
•120%
;
52%
50
*20
*19
33%
51%
33%
106%
*121
6%
50%
*19
19%
33%
•
25
*120%
125
*105%
106 v"
135 :v
24%
135
34
106%
*121
>86
10%
100
*195
205
*200
9%
8%
12
11%
120
•112
*200
9%
12
120
8%
12
'
*115
20,700
570
67%
112 Va
28%
28'A
28%
36%
25
26%
*120%
51%
X50%
20
*19'/a
34
*34%
106%
106%
135
6%
6
%
&•: 86%
:T
'
100
:10%
2
20%
100
20
•200
9%
9%
12%
120
.#
12%
*115
85%
86%
87
87
34%'
34
34'/a
34%
34%
*34 %
35%
*34
*196
18%
*98
21%
*19(5
19
18%
100%
*98
22
21%
21%
*29%
30%
*29%
30%
19%
19%
19 %
19%
21%
r
*196
19
100%
19
19%
v; *.98
100%
21%
*29
19%
*196
19%
*98
21%
*29%
87%
87 V2
200
34%;
900
19
•;
7,100
30
6,665
22
22 Va
21%
22
21%
22%
22%
22%
22
22
65
64%
64%
64%
65
65 %
66%
65%
24 Va
25
25 Va
26%
26%
27%
:
26 Va.
1,910
8 %
110
114%
115%
115
115%
115 V8
115%
114%
115%
114 %
115
121%
122 V2
123%
124'A
124
125
125 V*
136 %
136%
136%
140
136%
138
138 V2
136%
see
136%
page
2163.
'
50,000
140
111
122
v
7%
110%
111%
,':-
17
Oct
10
Oct
11
14
Oct
18
141
i
No par
1
(The)
———.100
Pocahontas
class
B
5
No par
No par
1
Gamble—-
No par
of N J
No par
No par
100
100
100
preferred
preferred
preferred—
preferred
Dec
Nov
9%
23
8'/2 Aug 14
24%
Jan
17% July
Jan
5
Aug
Feb
x70%
Nov
18%
Dec
37%
1
Mar
16
26J/2 Mar 19
112
110% Mar
Apr
18
42 % Nov
45
Nov
2
Nov
1
93% Nov
2
Jan
2
41
Dec
108
33%
25% Mar
Dec
21%
Jan
32
Dec
55
Jan
70 %
Dec
5%
Jan
17%
Dec
22%
Dec
26%
Dec
10%
Jan
19%
54%
Jan
96
Dec
33%
Jan
65%
Dec
23% Mar
'*
Dec
28% July
105%
107 Va
Nov
Sep
9%
Jan
18
15% Nov
Oct
7
Mar 22
9% Oct
2
40%
Apr
71
Dec
35% Nov
1
20%
Feb
26%
Dec
68% July
3
49'A
Jun
59%
Dec
Jan
108%
Dec
May
21%
Jan
23% May
26%
Oct
Apr
119%
1
30% Nov
28% Oct
10
122
Apr
19
16% Nov
117
Oct
2
5
40 % Oct
74
113
Sep
55
Jan
Mar
Mar
1
6
11%
X98
42%
9
Feb
Jan
Apr
14% July
31
23%
Feb
28
105'/a
Nov
Sep
28
8% Jan
2
1
Mar
Nov
48% July
Oct
941
16% July
117
Sep
108% Feb
34
July
6
8
21% Aug 27
126
37
13
Apr
26% Nov
120
247/a
28
108 V
"5
Jan
8%
61
July
Dec
Dec
Dec
Jan
92%
7%
Apr
10% Nov
68%
Feb
90
Nov
—
190
.
Jan
6% Jan
2
4
8V2 Jan
2
99
Mar 10
49'/2Mar27
68
Feb 20
21
Jan 2
198
Jun
9
>12% Jan 19
74 y» Jan 27
17% Jan 2
24% Jan
3
12'A Jan
8
16% Jan 22
55
Mar 27
17
102%
10fiy2
110
121'A
Jan 2
Feb 16
.Tan 30
Jan ^ 4
Jan 3
205'A July
9
11%
Jan
17
Dec
164%
100
100
Chic Ry
Dec
59 %
113
Apr
Jan
2
Aug 22
24
11
20
29
2
Jun
20%
Apr
2%
2
17% Jun
113
Aug
8% July
13%
45'A Nov
99% Nov
31 %
23 Va
Jan
Apr
93% Feb
2
Nov
Dec
51 %
May 28
Dec
2%
Feb
15%
24% Mar 12
72
Dec
Apr
4%
5
Pub Serv Corp
1.510
r
Oct
29
22% Oct
Procter
130
112
4
x37
85 Va Jan 15
15% Jan 31
3,900
6%
110%
18%
1
19
56% July
107% Sep
14% Jan
111
Mar
44% Jan
_—No par
1
...1
Pressed Steel Car Co Inc——
1,280
111
26%
Nov
19
22
Poor
&
1%
60
10% Oct
8,400
>A
37% July
101 % Oct
Plymouth Oil Co—
Co
30
Sep
Apr
1
8 Va Mar 26
—No par
-_100
100
5 V2 %
1st ser conv pr pfd
100
Pittsburgh & West Va
—100
Pitts Young & Ash pfd___
100
Creek
Jan
July 26
45% Nov
5"% Aug 21
68
Aug 21
preferred class B
preferred class A
&
Dec
23%
27
110
118 J/2 Aug 20
preferred
Co.
July
109
1
Jan 2
Sep 29
preferred.
Pittston
61
Jan
2
Jan 23
Pittsburgh Steel Co
5%
Jan
103
100
100
Pitts Screw & Bolt
$5
110%
-
7%
45
6
Oct
12% Aug 21
31% Mar 27
July
26
Sep
.-100
Pitts Ft Wayne &
1,010
110 ViJ
conv
5%
11% Oct
75
Chemical Co—No par
&
Jan
25
Nov
11
5.000
27 Va
109%
120%
$5
Coke
2%
15
Oct
29
25
preferred
19%
115
105
C & St Louis RR
Pittsburgh Forglngs Co
P011Q
v
66
25
C
...
Preferred
23%
*29'/a
:. 21 %
24%
footnotes
%
100'/a
-23%:
23 y8
Pitts
7 %
2,310
65
For
4,900
66%
19 Va
30%
20%
13.400
120
*98
21%
20%
20
9%
12%
*19»
19%
100%
30 %
202
34>/a
V
6%
*
66
210
21%
1,550
•115
66%
85%
80
21%
12%
13
85%
99%
9%
120
85%
4.400
202
9%
85%
1.800
10%
preferred
Pittsburgh Coal of Pa
4.400
86.%
*195
•
205
66
6%
86
20%
21%
66%
Pitts
*97'/a
100
$4
Jan 23
——5
Pillsbury Mills .Inc
300
10%
v
10%
64%
Pncenix
400
2
25
No par
Hosierv——
400
135
6%
■
-
35%
*121
6%
preferred
Feb
88 %
25
117
5
—100
No par
100
No par
Phillips Petroleum
8,400
107
107
87
Corp
20
*34J/a
36
1%
52
Iron__
Oct 16
Jan
Jan
Jan 25
106% Jan
2
21'/a Jan
2
J 00
1
-3
.
Philip Morris & Co Ltd
4% preferred Phillips Jones Corp
123
19%
20%
64%
800
51%
106%
63%
200
•
Read Coal &
&
Philco
7.600
28
preferrcn
Apr
2
6
57
No par
preference com
Phila
2,700
*120%
51%
64
37%
66
*26
125
$1
4.4%
22.600
111
65%
26%
63%
60
16%
37
*195
205
2,000
111
37%
111
135
•121
9,900
28%
16 V*
65%
65
*110%
29
*118
25
Phelps-Dodge
210
118%
28%
16%
37
125
28%
'' 119%
65%
112
112
& Co Inc
Jan
9% Jan
2
19>/2 Aug 20 '
1
1
Corp
25
Philadelphia Co 6% preferred
50
$6 preferred
No par '
Philo Electric Co. com
No par
67'A
34% Oct
111
23
Pfizer
111
*195
205
Pfeiffer Brewing Co
Dec
6% Aug
3%
34% Oct
106
8
5,600
17 %
1£
CO
25
13,800
Sep
7% July
1
116 V2 Jun
15%
(Chas)
6
63
26
30'A
163
15
11
14%
Dec
Jan
Dec
30
17% Mar
117'AJun
29 Va
v
»
8% Oct
28 y2 Jun
18
14%
16
10%
99%
Petroleum
123 %
Feb
43% Jun
5
Corp of America
2,000
Apr
12%
2
100
Dec
5
36% Nov
No par
Milk Co
4-%&'2nd,.preferred
9%
23%
10%
20
Pet
42%
Jan
21
July 27
19'A Jan 292'/2 Jan 19
100
—
Dec
Jan
4%
16
100
48
149
28 Va Oct
30%
*118
86
20%
9%
9%
67%
:
28
*6%
100
600
23
14% Jan 23
100
Ry Co
35%
Aug 17
33ViAug21
37 Va Mar 28
30% Jan 18
69
Jan 6
33y3c
Co
Pere Marquette
Jun
100
Ry Co
Eastern
&
Pepsi-Cola
107%
35%
28%
85%
19%
35
93
*106
112%
113
6%
007 U,
20%
300
preferred——<
67%
85%
10
93
5%
35%
67%
6%
10
prior preferred
35 Va
85'A
V
5%
35%
16%
*110%
200
1.100
25%
Jan
117%
.-50
—10
—5
100
28%
.
15%
16
112%
18.800
par
No par
No par
100
14%
28%
35%
118%
65
.
,
118%
118
111
.
*195
*200
34
03%
111
;
-'27%
2.100
*34 %
34%
107%
9%
13%
13%
,
*110'A
65%
ill ::
*
27%
118
13%
34%
*106
9%
9%
28
33%
27'A
*109
94%
*90
34%
107
-
111
111
95
*34
*106
9%
34 Va
13 'A
28
9%,
9%
*90
35
107%
42.200
*39%
93 »A
27
*26
111
*108%
94
36%
26 Va
41
89%
v
Peoria
45
41
36
500
43%
89 %
35%
26
43%
*39%
.
300
43
88
Corp
800
42'A
41
No
Cement
$7 conv oref ser A
40'/a
41%
88
10
93%
42
*40
1
Corp
preferred
Pennsylvania RR
Pennsylvania Salt Mfg Co
Peoples Drug Stores Inc
Peoples G U & Coke (Chic)
41%
88
Airlines
Coke Corp
5%
43
*42
No par
Co
Penn Glass Sand
26%
41-%
41%
&
Penn-Dixie
*113
*113
,
Coal
Penn
1.000
97
Transportation
Penney (J C)
Penn-Central
22.900
13%
*113
«
Patino
900
13%
95%
2.50
No par
Mines & Enterprises.
10
& Ford
No par
Penick
72
38%
6
No par
27%
13%
95%
Consolidated
Davis & Co
Parke
37%
*25%
Utah
3,900
Parker Rust Proof Co
133
*79
Park
15.7HO
4
34%
1
Mines—1
Inc
13
13%
72
3%
34%
&
1
Inc
27%
27
12%
27
3%
34%
3%
34
Pictures
Tilford
Park
100
preferred
conv
Dec
Jan
Jan
25%
17
26% Oct
4% Mar 20
56
Jan 16
106% Oct 15
27'/2Mar26
32% Jan 22
2'A Jan 24
29 % Feb
1
217/s Jan
5
6% Mar 8
xl8
Oct 24
59
Jan
5
106
Mar 9
21% Jan 10
11% Aug 23
4
Jan
2
62
Mar 26
19
Jan
3
112
May 5
1
Jan
17%
25
10
Apr
39%
Sep
175
Sep
13
48%
30
2
141% Oct
29 V2 Apr 26
No par
Inc
Cos
Paramount
25.000
Ref
Prod. &
Panhandle
15
18
65
106'A Sep 18
100
_—_—i
preferred
Oct
2
5'A Jan
2Va
Petrol & Transp—
5
Panhandle East Pipe Line—No par
Pan-Amer
4%
39
14%
Jan
Sep
8%
39
16% Mar 26
13% Jan 31
No par
Motor Car
Packard
Pan American Airways Corp
73
*107%
109
27,000
11
107/a
*71
1
10
1
44% Nov
Jan
2
Jan
3
Mar 27
Jan 3
Jan
3
6
Mar 8
16% Jan
3
par
2
Nov
X60% Oct
34'/e
48
38%
121%
160Vi
100
100
preferred
6%
400
109%
10%
13 y8
138
26%
8%
8
*70%
12%
18%
*26
21%
15%
73
*26%
18%
8'A
34'A
*14%
10%
26%
*70%
'
8
*109
109%
59
21%
20%
20%
26%
.
8
8%
33%
44%
43%
Telep & Teleg
59'/a
141 Va
10%
109
*106%
Pacific
No
59%
*70
73
Mills
*140'/a
15%
11%
700
Pacific
2
88
45'A Mar 9
24
Jan 24
No par
Pacific Lighting Corp
59%
*109
109'/a
10%
*70
800
141%
33%
34%
13.300
60
*140%
*14%
15
44%
59'/a
58%
7%
33%
1.040
44 Va
141 %
20
14%
37'A
44%
59
37%
58%
*25%
26%
*26
37'A
44
58
*140%
59
8
8'/a
r
a
37%
44
59%
43%
*58
Co
141%
*57%
141%
—
•
17% Nov
21% Nov
13 y2 Jan
2
lV/2 Jan 20
B
10
1st preferred non-cum
No par
2nd preferred non-cum—No par
Pacific Gas & Electric
25
Coast
172
58%
*140%
58
ij-/a
Jan
171
Mar
183
Apr
190
Aug
9% Oct
17
4%
Jan
6% July
13 V; Oct
17
6%
Apr
9% July
117% Oct
17
82
Sep
69% Jun
26
45
Sep
57% May
Juii
26
43% Jun
6
91
11%
175
Jan
Nov
100%
61%
,73
22%
175
Dec
Jan
Dec
Aug
Nov
Jun
9
20% Oct
15
Jan
14%
Oct
99% Oct
19
69
Nov
30
May
Sep
83%
16%
3
198
25% Apr
8%
19 V* July
19%
JaD
25
2
8%
Apr
13%
24% Sep
19
11%
Apr
18 y2
66% Nov
1
52% May
59
27 % Nov
1
13 %
18%
Oct
31
87%
Jan
18%
96
Jan
109%
Oct
31
Oct
22
Nov5
112
117% Oct V: 8
Jan
May
Dec
Dec
July
Dec
Dec
130
Nov
2
104%
Jan
113%
Nov
141
Oct
6
113%
Jan
122y«
Dec
V olume 162
...
J'Xtt
Number 4435
•>. ;:,vv.--v^:.
•.
THE COMMERCIAL & FINANCIAL CHRONICLE
»;S
tf.\l
■*"
NEW YORK STOCK
RECORD
LOW AND HIGH SALE PRICES
8atarday
Monday
'
Oct. 27
$ per share
.
Tuesday
.
Oct. 29
$ per share
*113 %
62
*113%
6174
21 %
21%
217s
21%
*1037-8
1097ft
109%
103%
*10874
34%
33%
34%
33 %
34
18
*17%
*17%
18
18
Friday
Sales for
Nov. 2
-
the Week
Nov. I
$ per share
62
21
Thursday
Oct. 31
114%
60%
STOCKS
r
Wednesday
.
I per share
114% 114%
61%
^
Oct. 30
$ per share
$ per share
NEW1 tOttk STOCK
Range for Previous
-.-SaPifi
Range Since January 1
exchange
4
Shares
v.
Lowest
•ft- $
ft- Par
per
Year 1944
ft,
Highest
share
.;
$ per share
per
"
114%
113%
63
-63.
2174
-
21%
10974'
11374
64
,
ft
18
63
22
108%
»
109%
23%
33 %
113%
33%
IS
-
■
:
22
■
Pure
^
*108% 109
34ft '
33%
13
10,200
Pub Ser El St Gas pfd $5
Pullman Inc
26,800
64
■
2174
v,
113%
*18%
100
boo
oil
5%
47% Jan
22
17 >;• Jan
24
Quaker State
par
No
par
100
.
Purity Bakeries Corp
1.000
18%
8
_No
preferred
conv.
11274 Oct
No par
(The)
1.600
-
fio par
OH
Ref
Corp.
106
May
23% Jan
118
-
•
Lowest
share
Jan
20
65% Oct
10
37%
Nov*!
14%
22
Highest
$
share
per
11374 Nov
119%
Feb
Jan
52 Vb
July
Sep
18
Mar
103
Jan
108'/a
Dec
(1974
Jan
24%
Oct
4
1,110% Oct
3
34 % Oct
2),
18
Feb
16
16% Sep
4
8%
Apr
12
90 % Oct
8
69%
Jan
80%
Oct 29
7%
Apr
10% July
41
1574 Jan
Radio Corp of Amet—
_No par
83.50 conv 1st preferred—No par
10% Jan
2
7874 Jan
15
22
9
12% Jan
16% Aug
R
15%
15%
15
15%
15
15%
88%
88%
88%
88%
89
89%
13%
14
13%
13%
13%
13%
108%
112%
108%
109%
109%
105%
15%,
13
15%
*8b% .89%
13%
13%
110%
109%
16
54.000
;•
*88%
111
89%
'500
13%
13%
43.8C0
110%
2.600
109
K&dlo-Kelth-Orp"
6%
700
Raybestos Manhattan
39%
39%
39
39
22%
23%
22%
23
37%
37 %
37%
37%
*37%
38%
*37%
23%
23%
23%
23%
23%
23%
23%
49%
*48%
49%
*48%
49%
*48%
49%
100
42%
42%
42%
*42
43
*42
43
300
24%
25
25
26
48%
*48
48%
X42%
42%
42%
23%
24%
*23%
106%
106%
*104%
107%
*79%
82%
79%
*27
27%
27
40%
*39%
30%
39%
39%
23
23%
24%
107
107
79%
79
81
27%
27%
107
80
106%
80
150
200
Rels (Robt)
& Co 1st
Reliable Stores Corp
41
*39
40%
100
6.000
30%
30%
101%
101 %
100
24%
24%
11%
3.900
18,600
11
11
11%
27%
25%
26%
25%
113 %
*111%
113%
*111%
21%
22%
21%
22
27
24
11%
%
27%
113%
112
19%
106%
106%
27%
27%
*109%
110%
19%
*109
22%
106%
27%
110%
27
22%
106%
19%
20%
22
28
110%
24%
11%
11%
27%
27%
112
23%
28%
28
110%
*110
38%
2,400
38%
39
38%
39%
5,200
40%
40%
41
103%
103%
103%
23%
23%
38%
39
40%
103%
103%
103%
103%
22%
22%
22%
22%
22%
23
13 %
13%
13%
13%
13%
13%
13%
13%
24
23%
7%
24% 1
*23
7%
7%
27%
7%
28%
47
47
103%
24
*23 %
7%
27%
7%
7%
28
28%
47
27%
30
20%
47
29
81 %
80%
78%
*107
109
*107
55
*54
56
56
3,400
Royal
131 % "*
111
*110%
111
*110%
*111
110%
111%
26
3.300
27%
6,200
113%
12%
240
9,700
90%
34,200
<56%
110%
110
'111
31%
30%
65%
26%
65%
26
26%
49%
26%
113'/a
Xll%
88
65%
26
25%
49%
26%
'107
*111
30%
49%
112%
12%
88
26%
89%
88%
109
*107
60
61
110%
110%
109
61%
70
30%
84.50
30%
31%
4,800
600
66
66 ft
66%
27%
27%
27%
10
10
10
10%
10%
10%
10%
10%
36%
37%
37%
37%
37%
38%
37%
38 %
5'/
65.100
22%
22%
2274
23%
23%
23%
23%
23%
8.500
*110%
110%
*11074
11074
110%
974
*9%
22%
23
22%
24
97%
98
*97%
98
9874
98%
20%
20%
2078
20%
21
•77%
79
9%
19%
*77
79
*77
9%
11074
9%
23%
79
9%
24
,
111
*110
ft
112
10%
11%
24%
98%
97%
98'A
170
21%
21
79
*77%
21%
20
2074
20%
20%
20
63%
63%
63
63
62
62
61
62%
62
28%
29
28%
287-8
28%
29
29
29%
61%
29%
51
51%
54
3.200
19
18
18
18
18
1.800
Sloss-Sheffield
23%
23
23
23
23
530
71
72%
70%
71
70 3/4
7274
73
74%
73%
75
5.1C0
37%
37%
36%
37
3674
37%
38
38%
38
38
1.500
Smith & Corona
16%
16%
16'%
1674
16%
16%
16%
16%
16%
1674
47,200
487 ft
49 %
78
49%
78%
48%
18%
18%
18%
9
9%
9
43%
34%
36.400
17% Mar
7
84% Mar
35%
35%
35
35%
4,500
Southern California Edison
22%
22%
22%
2274
23
1.600
Southern Natural
5174
5174
80%
1874
9%
9%
54%
17,600
Southern
7974
54
80
*90
92
80%
4.500
*90
19%
19
9%
20
9%
14
*13%
14%
92%
*85
92%
92%
92%
44
44%
4374
34%
3374
34
34
1374
34%
7474
7474
7474
34%
7474
1374
7674
1,000
1?%
18%
1874
19%
18%
19%
10.900
90
90
90%
9074
91
50%
50%
*123%
47
__
*119
92
92
95
46%
*113%
110
1.10
110%
110%
110
45%
45%
3.400
44%
44%
44%
*114
115
9%
115%
115
1
115
-
15%
107
107
117
116
44%
115
13
13
104
50
100
109%
103
2,400
—
100
109%
*114
10%
—
100%
109%
103
50%
100
44%
115
9%
99%
49%
*120%
690
100
109%
44%
44
48%
47
*119
75
13%
■
45
*115
115
1,900
116
13%
142.400
108
108%
108%
121
121
122
119%
119%
43%
44%
44
44%
44%
41.%
41%
40%
41%
41
41%
41%
42%
42%
42%
23,600
65
65%
64%
64%
63%
64%
65
66
65%
66%
25.200
43%
25%
25%
*106%
108
18%
18
25%
25%
25%
107%
107%
107%
42%
102%
18%-
18%
18%
*39
42%
-
39%
*39
39%
43
42
.42%
104
*102%
104
103
22%
22
22%
22%
23
X22%
22 %
22%
22
23%
23%
24
24%
21%
21%
21%
21%
21%
17%
18%
17%
28 %
26%
70
69
69%
121
120
17%
120%
6%
6%
17
27
117
33
17%
ft;-
ft
27% ft
i; 117
33%
•39
40
43
27
page
17%
ft
"
17%
'
2163.
38%
39 %
39
42
45
34% ;
33%
42
ft ft
117
*114
33%
<
27%
27%
27%
115 "ft.
6%
*
39
45
21%
28%
29
28%
29 ft.
70
70
70 ft
120
120
120 ft
6%
17 %
27%
117
18%
18'A
:u;
7%
17%
7%
17%
28%
28
119
•34%
39%
39%
121
35%
*45
50 ft
f
35%
39%
*47
1,200
18%
12,300
14.300
a
-
7%
18
28%
123
ft/ft
1.600
.
39%
49%
700
•
ft
ftftft
■
900
700
3% Jan
Cct
15
20%
Dec
x51% Jun
14
28%
141
Jan
32
179
Aug 28
20
Jan
17% Auf
43% De<
34% Dec
Jan
69
Deo
Jan
82%
Dee
Nov
13%
40%
54
1
11% Jan
24
Nov
2
12
Oct
10
ft
20
6% Mar 27
7% Jan
2
10
r
15% Mar
4% Jan
5%
1
95
Sep
44% Nov
Mar 27
2
14
55
2
1
24
36
Jun
par
47% Jan
12,
76% Nov
2
19% Oct
15
37% Jan
58
Jan
Jan
111% Jan
var
33%
19
18
110
Jan
1
57
Sep
64%
27%
Dec
3~3% July
ft 46% Oct 19
2
115% Aug 23
2
23
122
Standard Oil of Indiana—
Standard Oil of New
23
Jersey——25
Standard Oil of Ohio——
10
56
preferred series A
110
<The)
L 8
3% preferred —4
Corp
Stewart-Warner
Stokley-Van
Camp Inc
prior preferred———20
Stone St Webster
—No par
Studebaker Corp (The)1
—
No par
(4% % cum)
100
Corp———————1
Sunshine Mining Co
100
Superheater Co (The)
No par
Superior Oil of Calif—
23 ■£
Superior 8teel Corp
100
Class A pfd
Sunray Oil
Sutherland Paper Co.
Sweets Co of Amer (The)
DOC
Dee
Feb
40%
17
34%
31
68 % Oct
19
Oct
Sep
4% July
Deo
85% Dec
74%
18
107% Nov
116
1
27
Sep
Sep
50% Sep
19% Oct
1
6% Jan
41
Oct
15
28% Jan
45
Oct
Nov
68% July
9
104
39% July
Jan
34%
2
11% July
37%
Dec
17%
July
23% Oct
10
11%
Jan
1074 Jan
2
25% Oct
10
9%
Feb
18% Jan
21;;=
22
Oct
8
15%
Feb
18% Oct
17
7"%
Apr
12%
30% Sep 28
13%
Apr
20% July
54
Jun
64
Oct
121
Jan
128
Oct
,16
8
—*
5%
2
27
24-<
34
2
Aug
34% July 26
101% Sep 15
5
100
Feb
Nov
9% Jan 22
1
No par
Feb
43% Oct
19% Aug 20
1
Jan
2% Nov
33%
45% Jun
2
2
107% Nov
100
38%
lis
110% Aug 24
t
33% Jan
374%
8ep
51% Oct
38% Jan
•
Jun
48
13% Dec
79% Nov
124% Oct
78% Jan
Jan
Jan
Dec
Deo
29% Nov
100% Nov
par
prior preferred
35
3
10
par
$7
Standard Oil of Calif
.
75
6
2
par
Deo
7% Aug
9
Jun
Feb
50% Feb
7
Oct
20
107% July 27
28
92% May
9
26%
May
22% May
36% Jan
20
12% Mar 27
Jan
28
27% Jan
109% July
De$
Jan
2
76% Jan
Dec,
23%
17
'■*
Dec
45%
18
26
Feb
21%
162
26
90% Oct
32
14% July
5 %
July
23% Oct
54% Nov
80
31% Dec
57% Jun
2
81% Jun
1
Jan
.
22% Apr
13% Jan
36% Oct
31
ft
4,500
ft
35%
Jan
15% Oct
220
15.900
Apr
12
108% Nov
Sun Oil Co——
48,900
23
2
800
•
Dec
16
24
5% Oct 17
17% Apr
7
23
300
5.100
10,000
54%
2% Jan
Starrett Co
25%
Feb
5
No
pref_.No
-No
No
No
Sterling Drug Inc common—
22%
29%
67% Jan
prior preferred—
Standard 8teel Spring
104
21%
preferred
$6
3,600
22
Jan
Jun
26
Feb
22
No par
Inc
8,500
24%
21%
25
*119
-
120
6%
*33 ft;
45
see
17 .ft'
16%
115
:
6%
f
100
42%
70
69%
119%
120
6%
29%
104
22%
2.400
39%
42%
103
-ft
108%
18%
21%
18%
18%
27%
28
70
*69%
18%
27
25%
18
42%
24.800
18%
23 Vs
22
par
par
42% Jan
Apr
80% Jan
par
Sep
Sep
Jan
par
-
5.300
45%
*39
39%
43
1
22%
21%
25%
*107,
18% :19
*39
42%
*102%
102%
45
25%
*106%
17%
40
*39
25%
107%
25%
*106
45%
Brands,
35
•
3274 Jan
-1
Standard G & E Co $4
5.200
14%
44%
114
$4.50
200
10%
107
<
Standard
Dee
64% Jan
100
9,500
8974
tr ctfs
No par
—-No Par
500
35%
stk
Square D Co
5% conv preferred
1.900
4374
preferred
Ohio
16
20
Squibb (E R) & Sons
$4 preferred
30
44
43%
&
Dec
Feb(
10%
ft
31
par
9,800
*13%
Railway
non-cum
35%
31 %
Jan
Spalding (A G) & Bros Inc
Sparks Withington
No
Spear St Co
$5.5) preferred
No
Spencer Kellogg St Sons
No
Sperry Corp (The)
8picer Mfg Co
No
Spiegel Inc
Conv $4.50 preferred
.No
2,700
9%
18
110
footnotes
5%
Mobile
92
17
Oct
Apr
38% Jan
,
76%
Apr
No par
100
100
Southern Pacific Co
53
5174
19
38.200
2
14% Mat
'
23
No par
Gas Co
5374
5274
Dfc
Jul#
13%
6
77
4% Aug
7
20% Aug 20
40% Apr
4
155
Apr 20
26% Jan
2
100
.—25
—7.50
preferred
35%
8974
*109%
For
8%
10
17%
47
13% Jan
1
5
No par
South Am Gold & Platinum
*174
177%
9
18% July
78%
24%
5
40% Oct
29% July 27
15
Southeastern Greyhound Lines
177%
Dec
July
22
19% Mar
24% Jun
22
Typewriter-No par
Socony Vacuum Oil Co Inc
South Porto Rico Sugar.
*174
2
9
22% Jun
.
48% Jan 22
4,400
89%
91
41% Jan
15% Aug
par
10
2.700
34
120%
■ft
20
.No
13.800
18%
47
Iron
St
14% Aug 22
par
—15
——
Steel
5%
89%
91
No
Corp
51%
17%
ft
Sinclair Oil
30%
53
3
7
89%
120%
5% Mar 26
17%
50%
9074
30
1
30
79%
•
15
*85
75
Jan
100
18
50%
4374
*73
63%
3
8% Oct
30%
43%
r
*73%
May
17
Jan
42% Oct
13%
*85
92%
43
Dec
13
Oct
78
43% Nov
4%
25% May
27
2
92%
13%
13 %
13%
*85
9
18
Jun
2
50
8%
9
2
25% Oct
3274 Jan
30%
18%
11 % Nov
114
30% Feb
50
4974
18%
1
22
17
5%
v
26
King Coalition Mines-.—JS
30%
78
24%
Simonds Saw k Steel—No pat
49%
*90
Feb
18
Simmons Co—pat
Silver
50%
93
8%
16%
25% Oct
■ft
24 .'ft
1.100
22
78%
Jan
38 % Oct
2.500
3474
49%
78
*90
93
*90
Sep
2%
23
41
30
52
20%
10% Oct 25
Mar : 8
19
7% Sep
1674 Jan
No par
15
$1.20 preferred
Smith (A O) Corp
51%
2
Feb
,107% Oct
—No par
Skelly Oil Co
*1774
*23
49%
28
Dec
17%
.22
50%
66 % Nov
2
7%
13,000
23%
*2174
Jan
31
Nov
Oct
17%
22 Vs
Nov
110
Dec
45 Vs
Apr
*22%
22
115
Jan
37% Mar
28%
23 %
35%
Feb
108
Sep
May
18%
34%
109
2
Aug
20%
51%
35%
13
113
109*%
22
18
347i
114% Jun
?
1
17% Mar 26
v
9% Deo
.
Jan
Oct
50 %
177%
1
42%
53%
Jan
2
42%
54
105
23
31% Nov
7'
7,.;.
2
Feb
61% Nov
31
35% Oct
115% Deo
Aug 21
17%
*174
90% Nov
22% Aug 21
5;
38% Deo
jan
110%
16
65% Oct
100
.1
Oil
16%
177%
Oct
111
27% May
9
24
Shell Union
6,200
17
*174
13
Fib
23
30 % Oct
par
23
Dec
16%
176
Nov
108% May
Jan
15%
167 ft
176
110
14%
2
Oct
Jun
24% July
34% July
61%
17
5
28
23
*
5
49% Nov
4174 Aug 31
9
Jan
Jan
8
2
115% Mar
8% Mar 27
Apr
17%
Jan
16%
474
23
July 25
17%
48%
8%
.
23% Oct
19% July 27
5%
Oct
11% July
Dec
Jan
25
26
27% Nov
19%
Feb
3
41%
43%
5
Jan
1
2
Oct
Jan
8%
13
67% Jan
8%
30
8% Mar
ft Sep 22
17% July 17
13
May 22
July 23
39%
49
28
27
59
42%
4%
13% Feb
2
Jan
435/a
48%
2
Jan
3974
2974
17
Mar 26
110%
30 ft May
24% Oct
Sep
39
5
104% Nov
9%
4374
49
41% Oct
Dec
July
11%
39%
29%
35% July
39% Nov
72
43
4%
Jan
28
8
43
4874
Oct
6
38%
28
40
2
8%
51%
2
Dec
Aug
42%
51
15 %
16%
100
21% Oct
39%
50%
Jan
79
8%
*22%
Apr
8%
21% Nov
42%
V17
Jan
85%
18
Sheaffer (W A) Pen Co
220
8%
10 ft
Oct
May 15
13% Jan 23
'
8%
Jan
74
39%
*40%
Dec
63
12% Mar 27
2,800
29%
July
12% July
88
Dec
Sharpe St Dohme
No par
83.50 conv pref ser A——No par
Bhattuck (Frank G)
—No par
8,500
20%
21%
102 %
Jan
22
21
No par
$5 conv preferred:
Apr
Jan
.
6%
29% Oct
99% Sep 21
16% Mar 27
No par
Sharon Steel Corp
79
20%
8%
8
107 % Aug 23
22
Shamrock OH St Gas——
3,200
20
8%
24% Oct
ft 16
87 '
~1
31% Jan
;
.
32.600
24%
20%
8
18
Nov
110 % Oct
x42 % Feb
preferred series A w 1
Aug
2
X105 74 Jun
i__No
16
5
.00
w
8% Apr
2
No par
No par
No par
ctfs
Dec
99% Nov
Jan
.
37
Co
23%
11
2874 Oct
112
Dec
14% Jan
Sears,
40
10%
20
8
15% Jan
Seagrave Corp
S
Roebuck & Co new__No par
Servey Inc common
:
—1
$4.50 preferred
No par
1.900
24%
98%
20%
*77%
2
98
5
100
8
2.50
Seaboard Oil Co of Del
6,100
10%
37%
9%
87% Jan
1
preferred
$4 preferred
Seaboard Air Line
10
23 %
23%
16
No par
5
.
Jacob
Scott Paper
1,400
110 %
*111
——
37
*110
4
11% Jan
14% Apr
X83% Mar
1
Oct
12
22
Typewriter—,u.—
-
200
22%
10
774 Aug 20
Antelope Copper Mines
Ruberold Co* (The)—..
500
25%
56%
27% May
48
29%
46
112%
11%
109
82%
82%
107
55
8
102% Aug 10
29% Nov
3,400
29%
46
St Joseph Lead.
Safeway Stores
5% preferred
Savage Arms Corp
Schenley Distillers Corp
5%% preferred
107
Dec
1 32 % Oct
:
33
7%
29%
47
Rustless Iron A Steel Corp
1274
24
6% Aug
7
19 % Apr 10
Roan
7%
Ruppert,
12%
Feb
16% Jan
1.700
12%
18
10% Jan
8.000
11%
Nov
6
Richfield Oil Corp
;
No par
Rltter Company -—..No par
22%
32%
18
Oct
42
2.100
27%
11%
Dec
Feb
4.500
22
49
85%
11%
13%
27%
2674
50% Jan
11
26
22%
4874
19
v
13%
27%
113
90
Oct
28% Oci
25%
7%
22'/a
2674
23
85
19% Jan
100
27%
48
137
3
3
102% Jan
—1
27%
112%
155
16
Jan
Rheem
26%
267-8
Jan
Jun
Dec
17
90
26%
487a
Dec
1.400
26
113
13
3,200
26%
26s/o
Jan
23%
26%
48
5%
41%
22%
112%
Dec
104%
*21%
27%
36%
40%
46%
48
Jan
37% Mar 13
21%
112%
Dec
27%
69% July 26
Common
21%
26%
42 %
102% Oct
.
*45%
48
21%
2
3
series
Dec
Jan
Nov
15% Jan
Co
July
Jan
26
5
3.60%
Dec
18
34%
15%
22
22
Mfg
Feb
Feb
32%
11% Jan
9974 Jan
Preferred
12%
28
16
104%
23
Jan
33~%
Jan
19
Jun
45% Jun
22% Jan
22%
112%
8
Dec
107%
29% Mar 19
5
1
—
with warrants
28%
July
50
30
Mar
85% Jan
10
31
100
—No par
*21%
*45%
24% Oct
3674 Jan
pfd
.
3,600
20%
40%
24
28%
112
20%
41%
38%
19% Jan
43
26
38% Jun
2
Motors; laoui—..—.1
Republic Aviation Corp
1
Republic Steel Corp—..—No pat
6% conv prior pfd ser A—.—.100
Revere Copper St Brass
No par
6V*% preferred..
-.100
Reynolds Metals Co——.
No par
5% % con* preferred—.—.—.100
Reynolds Spring..—.._——l
Reynolds (R J) Tob class B—.10
210
20
Mar'26
23
Preferred
10,300
107
105% Aug 14
41% Oct 16
11
22% Jan
Remington-Rand
200
23%
107
38%
*40
16
Reo
29,000
22%
107
*40%
*23
27%
113%
*112
July 18
3474 Jan
Reliance Mfg
102
10%
106%
Preferred
240
80%
112% Oct
33 X Aug
5
......100
28 %
*101%
26%
Hosiery-
*27%
102
*111%
Silk
28%
*101%
102
11%
38
106%
80
Real
3.900
31
10%
19%
107%
3,900
; 14
Jan '• 2'
,
103
No par
—
400
24%
30%
24%
110%
25%
37%
23%
31
22%
19%
ft
30%
22%
*109
37%
24%
91
,
Rayonle* lab-**.-—,--*
$2 preferred.
——23
Reading Company
50
4% non-cum 1st preferred
50
4% non-cum 2nd preferred-.
50
6.600
30%
*101%
28
38
23%
*39
40
22%
27%
40
22%
40
23%
107
105%
*39
*27%
23
107
105%
ft
40%
30%
102
*101%
105%
38%
22%
27
*39
30%
105%
38
22%
24%
105%
eonv.
440
105 %
*105%
7% Mar 26
preferred.—.——100
Ralston Purina Co 374% pfd
100
105 %
105%
1
-um
Jan 22
"
•
10% Jan
24
18% Jan
2
57
,
Oct
7% Jan
5% Aug 20
Mar
;
10
127% Mar 24
119% Oct 31*
10
ft
73
Aug 13
18
9
Nov
9
2
ft
13% July
Deo
la
DeO
5%
Feb
5%
Jan
July
10% juiy
17%
7%
Aug 21 ft
30
Oct
8
Jan
25%
Deo
Jan
3
123
Oct
18
06% Nov
84%
Feb
25
Jan
22
37
Oft,
in
16%
Deo
Apr
11
41
Oct
15
29
Apr
Sep
36
31
12%
22
79
3«
Deo
17% Jan
2
45
Oct
29
Jan
20%
Sep
,1
8%
•"f <*■*•
j.
CHRONICLE
COMMERCIAL &" FINANCIAL
THE
162
■
•itariiy
$ per
share
$ per
share
Oct. 81
.
Oct. 80
Oct. 29'i
-
Oct. 27
$ per
'
Memd»T
-
$ per
share
Friday
.
the Week
Nov. 1
-
$ per
share
37%
38 %
6.100
Swift <fc Co
37Va
4.900
Swift
'4,900
12,300
37'A
37%
37%
34
33%
33%
34
33%
33s/s
33%
36%
10%
10 3/4
11%
11%
10 7/8
11%
11 '/4
37
10%
38'/a
36%
38%
10%
38%
11%
33%
383/4
36%
37%
33%
39%
33%
11
11
11
11
*11
11
11
9
9
9
9
37
'
3%
15 3/8
15%
15%
15%
108'%
108'%
109'%
109'%
109'%
56'%
56'A
56'%
57'%
57'%
8
8'%
89%
8%
57
16
Tennessee
210
109'%
7,000
58
5,100
8%
8'%
8%
8'A
8 3A
51'%
51'A
51%
503A
50%
4,700
8%
Corp
Tennessee Gas & Trans
50%
50%
50
50
243A
24'%
26 3/4
27'%
Texas
23'%
23'%
51.900
22%
26%
23%
15%
16%
16%
17 3%
16%
17'%
Texas
15%
16.400
16
50%
51
513A
50 3/4
Texas
50
3.000
49'A
51
49'A
23'A
23%
233A
24
23
3.400
23'%
23%
23'A
59
59 !4
59 y*
59'A
58'A
59'A
500
59
15'A
15
15
15%
153%
102'%
102'%
102'%
80
16%
50%
23%
23%
58%
59
x58'/a
*14'%
13 %
*58%
59%
11%
11%
*102'A
13%
133/a
133/4
59'%
59
59
H'%*
11%
11'%
11
16
16'A
16
61
62%
6%
50'%
51
20%
20%
20
20 Va
*105
105'%
105'%
47
10 3/4
11
2.100
*15'A
16
200
2,700
62'%
61'%
63
109'%
*108%
110
62
6%
106
6%
10.100
52'%
52
53%
$2%
21%
21%
14,700
Third Avenue
Products com— No par
preferred
—100
Thompson-Starrett Co
-—No par
83.50 cum
$3.75
105'A
105'%
520
48'%
48%
3.100
Timken
62
62%
3,000
Timken
.
60
60'%
60
603A
60 3A
61%
61%
613A
18
18'A
18'A
11.400
18
18%
17%
18'A
18%
18'%
17%
56%
58
58'%
60'A
603/s
63
Transcont'l & West Air
58%
63'%
8.400
56'A
62
253A
26'%
27'%
24%
25
26'A
Transue St
25
1.600
24%
'
25
*24%
111%
*111
8%
8 3%
8 5%
8 3%
8%
19.500
1113%
111'%
111'%
111'%
140
13'%
*111
111%
*111
111%
133%
13%
13'%
13 %
1.500
30'%
14,700
8'/a
8Va
7%
8'A
8
133/a
13%
13%
13%
12'%
28%
28'A
29'%
30
30'A
28%
30'%
108'%
*107
108'%
*107'A
*107
108%
*107
,
34%
42%
41%
105%
10%
11%
42'%
11 Va
44
4.600
106
200
*105
2,300
11'%
*11'A
11 y2
11'%
35%
43%
106
*105
22,600
35
433/4
11 Va
'
132
*128
132
*128
132
*128
343%
105'%, 105'%
11'%
*11%
343%
42 3A
No par
Inc
No par
Williams St'l
Tri-Contlnental Corp
1
No par
$6 preferred
Truax-Traer Corp.
Tubize
42'%
450
5.700
43
42'%
42%
43
43
43
43
42'%
42'A
21%
22
22'A
223/4
22%
22%
23'A
22%
22%
21%
No par
No par
No Par
No par
.
100
50
1
Co
Dec
33
Apr
33%
Jan
Jan
33 %
Jun
8
110
Oct
Jan
Jun
8 3%
Oct
8
60
Jan
4%
10
Dec
8%
7
19
21
10 % Mar
123% july
50%
Jan
63%
Dec
Oct
19
44%
Sep
9% Feb
14
4%
Feb
51% Nov
1
323A
Apr
37'% July
27% Nov
2
14'A
Feb
29 V?
Dec
20 % Jun
20
83%
Feb
16 Va Nov
.54% Jun
22
17%
Jan
35
25
Oct
6
123%
Jan
24% July
60
Oct
5
50%
Feb
58
16
Oct
26
5%
Jan
104
Oct
15
81%
Oct
94
Dec
Apr
10%
Dec
~4% 3an
iifVa
Dec
143/4 Oct
7
15
61% Oct
Dec.
-
July
93% Nov
15
1
15 VB Mar
17% Oct
3
17
17
11%
Jun
13 V? Mar
Oct
22
32 %
Jan
49%
63
Aug 22
7% Jun 18
Oct
109
2
2.
613/4 Jun
2
Jan
5% Aug
18% Mar
1
Oct
49
Oct
16
66
Oct
1
19
34
Dec
13
18
21% Nov
106
Feb
17
July
31
25
Jan
38~
Dec
43%
Apr
52 %
Aug
Oct
8Va
Jan
11%
Dec
63% Nov
17%
Apr
29
Dec
27 Va Nov
12%
Jan
8% Oct
Mar 26
Jan 15
Jan 2
Jan 2
42
Oct
14% Jan
share
per
Jan
5% May
16% Oct
3%
Feb
5%
Jan
105 %
Dec
Jan
11%
Nov
15% Mar
203%
Dec
85
111% Oct
13% Oct
8%
24
30V? Nov
10% Mar 22
18% Mar 28
101 % Jan 3
26% Mar 21
34 Va Mar 27
102 May 22
9% Jan 3
112% Sep 20
1
—100
preferred
20th Cen Fox Film Corp
$1.50 piMerred
;
$4.50 prior ptd
Twin City Rapid Transit
2nd preferred
5%
conv prior pfd
.
273%
11% Oct
Jan 13
103
No par
Rayon Corp
Twin Coach
10
26
18 Va
5
2
3
Transamerlca Corp
.
132
*128
132
*128
—10
No par
10
4%%
110
*107'A
35'A
.
42'A
42
105'%
*105
105%
34
,333/4
33'A
43
33%
293%
30'%
110
f*-V-
26 3A
10% Jun
31 Jan 22
16% Jan 2
101 Sep 8 34% Jan 22
50 Apr 6
preferred—~N( par
Associated Oil
preferred
Detroit Axle
Roller Bearing
11% Oct
Jan
July
106'A Oct
4% Jan
Thompson
Tide Water
2
13
45
25
Thompson (J R)
48'%
105
preferred
Transit Corp—No par
div conv
48
105
'
47'%
100
1
50
preferred
Thermoid Co common
1.7CC
213%
■
:
8
143A Mar 31
44% Mar 29
8% Apr 6
x93% July 19
93a Mar 27
53% July 24
10 Va Aug 20
Co
Na par
preferred—.—No par
No par
-$3.60,conv
The Fair
4%
7%
6%
6'%
52
1
-—100
Thatcher Mfg
90
21%
46'A
46
45'%
13%
60'%
16'A
203%
2Q'/a
105%
46%
13%
60
ll»/2
52'A
-
104%
13%
60
*108'%
6%
6%
6%
50'%
6%
51
300
5.700
13'%
*59'%
109'%
*108'%
109'%
102'%
102 V2
62'%
62
62
62
°>08'%
109%
6%
51
*15'A
16'A
*153/4
16
*108%
15'%
11%
13%
*
102'%
59'%
15%
102%
102 'A
133%
15%
102%
*14%
No par
10
Sulphur
Pacific Coal & Oil
Pacific Land Trust
it Pacific Ry Co
Texas Gulf
23
15%
—25
1
Gulf Producing
Texas
27%
9
Apr
7% Jan 16
7% Jan 3
11% Jan 2
105 Va July 26
48% Jan 2
6% Jan 2
36% Jan 2
18 V8 Aug 21
13% Jan 22
303/8 Jan 30
5% pfd_100
Texas Co (The)
50
50
A»
Highest
share
per
2
9
1
7'A Jan
9
5
5
Telautograph Corp
share
38% May
39 % Nov
29
1
Lowest
38'A Nov
6
31 Va Mar 21
No par
Talcott Inc (James)
3,300
16
153%
108 Va
300
International Ltd
Syivania Elec Prod's Inc
Symington Gould Corp
$ per
share
per
30% Apr
23
3,000
9%
9%
9'%
9'A
15'%
56
57
56%
9
•
11'A
*11
108'%
15%
109%
15%
*108%
11'%
S
Par
share
37%
Year 1944
1
Highest
Lowest
Shares
$ per
37%
share
38
Range Since January
YORK STOCK
EXCHANGE
NEW
Sales for
Nov. 2
Thursday
Wednesday
"'T^V
i
Range for Previous
STOCKS
BALM PRICES
-
STOCK RECORD
NEW YORK
LOW AND IIOI
Tvesday
?
Monday, November 5, 1945
1
183%July
Dec
Jun
29
Dec
102'%
Dec
35% Nov
2
21 Va
Feb
28%
Dec
Nov
2
28 3%
Jan
35'/a
Dec
106 % Jan
13
85
Jan
105'%
Dec
14V' Jun
13
5%
Jan
9%
Dec
137
Jun
13
68 %
Jan
45
Oct
5
24 Va Oct
4
8%
Jan
16%
Dec
51%
Jan
66
Jun
108
44
.
9
3
102
118
Dec
U
24%
73
733A
25%
24%
25'A
24%
96'A
96
98
98
25 Va
98 %
7,500
95%
96
95%
114
*114%
114
*112
114
112%
112 Va
111%
*1113/4
113 %
*112%
113%
112 'A
112 %
80
xlll%
24%
233/4
24 Va
243/8
24%
9,700
3.500
24
* 24'/8
24
f:
32%
33%
140
108%
32%
30%
109
30%
20,300
553/i
25.500
182%
1,800
343/a
1,400
76%
76
763/4
77
*29%
31
♦293/4
10 V*
25
25
54%
181
34 Va
35
34%
31
31
10%
10%
10%
103/a
10%
*24%
25%
25
25 Va
25
3%
3%
3'/a ; ' 3%
400
33
*30
31
10%
700
75 3/4
753/4
76%
•
113
*111
113
*111
300
110
110
182
*178
333/4
113
*111
29%
10%
77
:
31%
31%
54%
113
*76
rjrj
1,600
13,100
10%
10%
1.9C0
25 %
25 Va
50
49
49%
3%
487/8
49%
7,800
37/a
3%
25 %
4
33A
Underwood Corp
No
Union Bag & Paper—.
No
Union Carbide & Carb.
No
Union El Co of Mo $5 pfd—No
Preferred $4.50 series.:
No
264 200
4
\%
hon*cum
preferred
preferred
20
Corporation
No par
preferred
.-No par
United Drug Co—....,
.....
5
United Dye wood Corp.—-,
J
Prior
48 Va
48%
48 Va
25%
25%
253A'
26
26
263/a
25%
26%
6.700
26%
12%
12%
12%
12
12 Va
12
12'A
1.600
12%
80'A
11%
78%
79 Va
79%
793A
79%
80 3/4
80%
80 Va
560
16%
16 Va
16%
167/a
United
15%
4.300
16
46%
46%
46%
3.3C0
United Engineering St
116%
22 %
2.100
United
13.400
United
6,900
United
;
12%
15%
%
'
45
46
45 '%
106%
107%
107%
9
8%
353/4
36%
36%
*107%. 1077/a
107 %
1077/a
1077/s
9%
93/8
24%
.
18%
*58
59
49
50
Z, 4%
69"'-
13 3A
14%
143/4
13%.
88
15.400
11%
10%
10%
10%
107/,
1.000
51%
51 Va
52
52 V,
1.60C
U
58
58 Va
: 400
U 8 Playing
41
4%
42
2.ico
V S Plywood
133A
58-
68
69%.
70%
*87
88
'> 7%
9%
9%
i--;
'
-
*116
117%
*47
31%
lllP®
27%
17 %
45%
I 46Va
*95%
99
22 '
8/
473A
150
77/a
7%
5.200
11 Va
12.100
49
*116
22%
23
96
8Va
*47 %
.
800
1.100
23
7%
49
1
119%
117%
*4?
96%
10%
10%
...
22%
3 Z, i
-
1,800
2,700
•7%
73/4
"V'
158
*47 ya
103/a
117
j
27 %
47%
*47
7% t
10%
•" 116%
300
35.600
48'A
3,000
95
96 Va
200
200 H*.
<
.
220
200
16,700
34%
343/4
28%
18%
34'A
34 Va
95%
v
*190
r
U S Rubber
B%
Corp—..
Co...
10
;_100
—
non-icum 1st preferred
U S Smelting Ref jmin—
.50
Preferred
————ju-50
"
.
>
28%
19
46%
18%
'•
65 '
99
;
i
104
Dec
Jun
30
Nov
Dec
Dec
33'A Nov
25%
Jun
Feb
110'%
Sep
22%
Apr
36'%
Dec
102%
Jan
1233%
Dec
24'%
Dec
20% May
Nov
Jan
110
Mar
81
Oct
61
May
32
Oct
22
jap
114
Jun
70'% July
28
Oct
19
11 Va May
2
25 V? Nov
1% July
4
Nov
1
1%
Jan
50
Oct
31
31%
Apr
42 Vb
27% Oct
2
4
12Apr
17 Va
143/4Jun
88 % Jun
27
16% Nov
2
Aug
Jan
11%
Dec
36%
Dec
Jan
913%
Dec
11%
Oct
15 '/a
Jun
98 3%
Jan
109%
Dec
4
Feb
7%
Sep
7%
Feb
8
2
37
Nov
2
110
Jan
16
17
Nov
2
25% Jun
2
15
107% Oct
2
2
Nov
213%
peb
88
Jun
Jan
186
Dec
Jan
170;
18
30 3/4 Nov
2
12% July
Mar
14%
70
.
195% Oct
Jan
15%
42
Jsn
51'% Nov
52% May 25
34%
Apr
43'/a July
103A July 2
38% Jun 28
15% Jun 25
16 Va
Jan
33 Ya
5Va
Apr
9'%
Sep
11% Jun
11
8%
Jan
10%
Dec
Oct
9
30%
Apr
37%
Jun
59
Oct
23
40%
Jan
48
NOV
42'
Sep
19
"I
Feb
"4%
40
Feb
543% July
130
Jan
60
56
,
5
8%
.
Oct 23
73% Oct-19
176
Oct 18
6
6
72
78'%
75%
105 % Nov
-
Apr
26% May
22 % Nov
21
2
Dec
ll7/a Aug
45%
Sep 18
Oct 15
48
120
Dec
Feb
6
27
9% Oct
Jan 18
58% Jan 24
135% Jan 2
U 8 Tobacco Co
No par
23 Va Aug 7
7& non-cum preferred-.—
23
46
Sep 5
United Stockyards Corp—4
Jan 24
United Stores class A——— ^
Q
- 4% Jan 23
$0 conv href erred———No par
98V? Jan 5
Universal-Cyclops Steel Corp1
16
Jan 2
Universal Laboratories Ine.^——.1
5%.Jan 2
Preferred
.No par
39
Jan 5
Universal Leaf Tob——-—No par
75% Jan 24
r «* praferred———101 , 178- Mar27.
Universal Pictures Co Inc—
1
23% Aug 21
—.—No par
Preferred ————100
U 6 Steel Corp
Feb
26
35
Jan 22
51% Jan
144 V2 Jan
52
Jan
92%
20 3A
1003%
2V4 Mar25>
,
1
8
114
—
'
•,
Card Co—Tr—
J
$U S Realty & Impt——-No var
1.200
4.400
28
158
•
28
28
>
313/4
•
j
27%
17%
'
100 /
33%
33%
6%</...:
6Va
*65%
521
*73
see
;
67
/
-
121%
-
16%
63%
80
-
:
.
,
/
28%
..
17%
;
18%
46%
*46
"• :
16%
16 V»
63%
64
48%
I6V4
64%
*95%
16%
64.
-99
100
1
6Va
6Va
*65% *• 67% 't/*65%
121% .121%.
46
*98
"34
:
28%.
.
17%
*95%
•
6
*73
80
page
.
—
.
'•
27%
27%
•'
m
-167/a.:
63%
63%
mm
i
*95 Va
99 '
100
34 I 34 r
;■
*98Va
footnotes
.: 47%
'
;
*190
31%
/
63%;
63%
For
'
■
157
X155%
28
95%
,
16%
5TSW»::'-S*
'
81%
————
118
,Jan
5
73
Oct
16
48 3%
89
,
Oct
18
69
*
;
82% Oct 19
Dec
May
50 % Apr
,
2
*119% Jan
28 Va Oct
23
6
6% Oct 26
22 -
50% Feb
44% Ap?
158-1 •
Nov
11% Nov
117% Nov
2%
8% Oct
76
23
Dec
Dec
63% July
136%
Dec
27% Aug
48%
Dec
Jan
4% Nov
Apr
5%
Oct
106%
Dec
18% July
6
16
41%
68
Apr
81%
162
-
99% Oct 19
34% Nov
Dec
61% July
78
3% Jan
31
Jan
Oct 22
Oct
Dec
14% Jan
17
50
150
Dec
Jan
2 3%
2
1
Oct
24
May
9
Oct
; Ma?
176
July
Dec
Dec
Nov
1
190
■f.'r
27%
27%
.
87
80 3/4
'
168
168
167
*
Preferred
10
S Pipe & Foundry——..——20
Jan
18
2
13% Jan 17
50
Jan 17
38% Jan 10
63/* Mar 27
30% Mar 2$
:7% Jan 23
9% Jan 2
35
Jan 2
'• 46
.Jan 2
27% Jun 15
U S Lines Co.—
Sep
r.*-
^
?V. :!>"?
87
81%
*47
96%
200 •
*190
32%
31*
86%
80%
73A
49%
95
iSW>:
*!
116
117%
pm
49%
86%
.'3.600
70%
7%
10
22
T ^
70
27%
,
14.500
70%
70%
80%
*47
2.100
4%
70%
70%
70
1543A 156
493A
7%'
d%
69
87V4 " PT%
28
10
4%
167
78%
155
*47
40%
68%
'68%'
.78%
77%
ir/a
40
,
70
163%
163%
69
58
4%
68%'
69
-
t.
40%
58
-
4%;
• 4%
•48
3.200
14
162
.
2.9C0
10
1°
36 Va
27%
//;/
52
10%
36 Va
68
*116
•51%
10 Va
162
~
513/4
210
Feb
17%
93%
182 V? Nov
180% Jan 17
100
;
Mach Corp.T„;
5
5 Vnfc conv preferred—
50
U S Industrial Chemicals
No par
U S Leather Co. ——.
.No par
Partjc It conv cl A--—v,*-No par
36 Va
154%
,
60
preferred—..
Oct
115
1093%
11
55% Nov
Jan 2
Feb 2
July 20
July 26
77
U S Hoffman
10%
•
—
59%
5.200
30%
37 3A
13%
Tr ir
;
7%
200
287/a
59 Va
50%
Freight Co———
No par
U S Gypsum Co—;
20
9%
50
9%
2ll\j
*58
$4,50
D S
Jun
Nov
323A Jan
11% Jan 24
103 Va Oct 23
163/8 Apr 1Q
—No par
preferred hew—'—No par
V S & Foreign Secur—
36%
'..160-166%
69
102
,
900
\
10
119
110% Apr
106Va Oct 19
6 Va Mar 26
——.100
Paperboaril—
10
41
■
102%
Coal Cos
preferred
37
39%
*39%
2.300
Electric
United
1.030
24%
*192
28%
28
51%
59
*50%
*192
59%
37
14
11
*57%
*102
27'A
48%
1023A
8.100
21
233/4
24%
2.600
105 %
105
105
-
5%
230
1077/a
9%
100
5
Fdy—
3
Fruit Co
T_——No par
Gas Improvement Co.—13 Va
Merch & Mfrs Inc com
1
Preferred
11
11°: 38°
,
102
*192
58%
-
233/4
200
100%
100%
9%
13%
105
37
20%
20'%
20%
105
23% : 24%
200
27%
27
9Va
20
104'A
48%
11
9 Ve
,
,
9 Va
19
>192
8'"
8%
23%
*23%
•IS
'
35%
104
18%
104
104
100%
::
::
22
V4
107%
V
..8%
f-:
•
19%
19%
104
T*1
22
34%
34%
~~
213/»
34
35%
24
116
115
22
21%
::
115
21'/a
20 y«
;
x46
114
113
21 Va
21%
i
45%
113%
34%
zz
16
46 Va
113%
'
/~Zv
15%
45%
115%
114%
-"4
15 Va
'
,
Feb
1
33% Mar
Mar 22
May 25
1% Jan
Dec
15'%
823/4
2
110% Nov
38 % Jan 2
15% Jan 22
9 Va Jan 5
66
Jan 5
103/4 May 26
33% Jan 31
89% Mar 9
133/4 Jan 20"
22
Mar 9
$3
29
144% Nov
Aug 20
Sep 12
.31V, Jan 22
11,8
Jan 22
Uplted
23
Jan
25% Mar
25
22%
109%
66
26%
'7%
22
Feb
Sep
9%
76 "
113
116
104
4%%
6
117% Jan
lll3AJulyll
20% Jan 22
109 % Jan 25
1003A Jan 24
29
Aug 20
10
preferred ..
—100
United Biscuit Co...—.—No par
5% conv preferred
100
United Carbon Co—
No par
Unlted-Carr Fast Corp
No par
United Cigar-Whejan Stores
30c
,•
19
29
77
..
100
ponv preferred—
United Air Lines Inc
5%
49
*a80V4
-
par
par
par
Oct
26% Oct
100 % Sep
583/4 Jan 3
14% Jan 24
78 % Jan 24
*110% Apr 27
3
United Aircraft Corp..
47%
::
,
No par
Union Tank Car
/•- 25%
:;
par
par
—25
100
100
California
Union Pacific RR Co^
Union Oil of
700
33%
317/s
50 Va
166 Va
333/4
323/4
32%
*111
113
29%
110%
f
110 Va
50%
166 •'
165
161%
32%
32%
144%
33 Va
'
•
165
165
50
48%
48% > 50%
*111
50
31%
110%
111
*110
143%
110%
33 Va
33
20
*1097/8
143 Va
110%
*
31%
30%
110
110
110
*109%
143
32%
32%
/
v
31%
24 Va
24'A
110
,109
_
•
142 Va
140%
138
108%
«140'/a
*
30%
*
26.JOT
*111%
96'/a
139
33
72
25%
112%
112%
109
71
25%
24%
70%
114
96
*112%
'
70%
70%
71
26%
70%
1,700
74
o.
34
6%
*95%- ,99
■
♦98
"
67 Va
121 Va 122% t;
80 '
*73
.,100
34%
.'
i'J
45
•
/V-r.
6'A
%,;, 6%
67
.67%
122 3/4
*73
.
.
123
80
i
;7 '
v
'
/
*98
>
////v
-'
67
122 3A 123
*73
80
2163,
/-
•
i-
2.3C0
4.200
/1.600
-
24.800
1Z-900
:::
■
,No par
2.50
Van. Raalte Co Inc.————10
Vertientes-Camaguey Sugar Co.6%
Viok Chemical Co.——...—
8
Vlcks Shreve St Pac Ry——
100
•-5*> hon-cum preferred—.
100
21% Jan
Vanadium Corp of Am
Van Norman Co—.——
1,100
1
Va-Carollna
"•
500
•
:'
Victor Chemical Works---...
170
Chemical
No par
dtvpartic preferred—
100
Va El St Pow $5 praf——100
Va Iron Coal St Coke 6% pfd—100
2
33% Aug
17% Jan
9
13
Mar 27
19
Nov
Jan
22
48
Oct
18
/13% Apr
6
18
48% May 22
65
86% Mar 26
100
90% Jan 20
24'A Jan
8
10T
9%
2
32-
-
* 35
35
»%';• «%
6"
67
.
3% Mar 27
59V« Jan
118
Sep
9
14
Jau 23
Jun 23
Nov
2
;
Jan
23 ya July
14 Yt Nov
28
Oct
12% May
52
Sep
16
Dec
41%
51
Oct
85
Dec
Jun 26
70
Jan
Jan
Feb
Oct
23
2.1 %
Jan
25% Aug
7Va Jun
18
18
50
35
73
123
76
July
Jun
6
19
Jun 22
Feb
63%
3% Sep
Sep
85% July
-&y4 Mar
62% July
113%
Jun
120
Aug
V38%
Feb
63-
Nov.
Volume 162
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4435
NEW YORK STOCK
AND HIGH BALI
LOW
Satnrdsv
M
$ per share
$ per
*52%
'52V.z
56
155
155
*52 V*
41
*154
170
*155
56 V*
41
41
154%
154
170
'52 Va
*155
41
162
'
■
56 V*
*52
162
*.154
170
Range Since January 1
Lowest
Pat
i
,
6%
2,000
i... 162
"
preferred
;
wv
ioo
share
/'a Jan
Mar
53% Oct
Mar
42
2
145:.
5
Lowest t
share
per
16
120
—100
_
Year 1944
Highest
;
X. 45% Jan 25 i
28
Co
Preferred
—
per
28
Vulcan Detinntng
50
-,
170
Range for Previous
.
V
NEW YORK STOCK
;-Wv;:-; - exchange'
Virginian Ry
40%
*155r
RECORD
■■I'STOCKS
56** "
40%
41
•
Sales for
f pegshpr* \* * Shares
*155
-
■
the Week.
*154
170
1
..
:.o t;
$ per share
..
Friday-"' ..>.;•
■
Nov. 1
$ per share
56
40%
40%
'39 V*
*155
Thersday
Oct. 31
J per share
share
/•:;x' -y-:>y-v-i■■
Wednesday
-,/X
Oct. 30
Oct. 2!)
Oct. 27
PRICK#
2163s
16
37
Juri
160
102
Dec
45
Apr
Sep 29 4 149
12
$ per thdre
Jan
33
Jury isj
163 i
*
Highest
share
per
38% Nov
Jan
125
Oct
Feb
■
155
July
68
"Dec
W
71
71
72%
72
16%
16%
17
16
16
*38%
39
38%
38%
..
731/4
70%
74
74
16%
74
16%
17
38%
38 %»
17
;
74
17
•
$
"
109 %
RR%
*19%
i*lUJ
lua%
87%
.
19%
110%
87%
_
r
94 >A
19%
19%
38%
-
94
39
13%
11%
12
94%
.
13
,
95'/a
96
21 >i
21%
38 3A'
J
96
38
38
201/4"
20%
,
,
19 %
19%
19%
19'A
19%
19%
20
30'A
30%
30
30
30
30
30 Va
30%
.
25%
24%
25
25'A
26
26V4
271/4
27%:
38%
39
38%
381/a
39
39
39
39%
39i/2!
13%
14
13%
14'A
13%
14
3S|%
32%
31%
32%
86 y»
87
-86%
87%
32 V*
32%
*32'/a
108%
108 V*
107%
107%
*107%
*115%
1161/2
115%
-
...
117
*115%
31%
33
i
I
b
13%
14%
32%
32%
32%.
32%
89
89%
89%
32'A
32%
32
103
108
108
115%
116
14%
I41/4!
32'A
116
116
109
116
.
18,800
1,800
-
120
i
108
108
117%
117'A
117'A
.35
35 Va
35%
*111
114
.
*117
107 >A
108%
117
1171/4
35%
34%
35
*110
112 »/4
*111
341/4
35'A
*111
.
107'A
117%
107V4
108
107 v*
*117
114
107V2
113
109
117%
34%
.
117%
353/8
preferred—100
Power 4%% pfd—.100
1121/4
*111
20V4
29%
28%
29%'
30
31%
31%
33%
33
46
46
47
46%
48
49
50%
49%
51
9%
10
9%'
9'/a
10
10 %
26%
26%
24 J/2
26
48'A
48%
48
50 %
89
89%
R01/,
89%
50%
53'A
50'A
51%
6
*30
32
*30
'
26%
x«°
9%
26%
*26%
50
x49
%
49%
8«%
89
%
27
51
i
89% ? 90
90
50%
52
51%
52%
51%
*31%
32
27%
51%
33
*30%
32%
*30 3A
52%
32%
va
Pulp u Pap Co
5,500
Western
Air
6,800
\
Western
Auto
5,600
Western Maryland
..
4%
600
t
i
!
non-cum
12
9
'98
-
34%
33%
34
33V2
34'A
34'/8
343/a
33%
34%
35'A
34'A
34%
341/4
35
35
35%
35
41%
42 Va
42
42
411/2
411'-
41%
42%
41'A
31
36 Va
36
36
36
36'A
36 V2
37%
36'A
*36
uia«so
—'
36
35%
*36
36 »/4
36
100
100%
101
105%
*105
105%
42%
42%
99%
1C0
27
*26 Vb
99'4
99
26%
*26
26%
*26
35
35%
35
35%
99'A
100
44V2
100
:
100%
26 Va
263/4
38
38%
1434
14%
14%
14%
3.400
13'A
13%
*87%
87'/2
*87V2
90
*87 %
89
*87V2
88 %
*34%
35
34 Va
35
*34%
35
*34 '/a
35
*34'/a
34%
9%
610
i
9%
*
15%
16%
15%
1 GO'A
100
31%
43.%
*30%
31%
48%
56%
*134
*134
136
*20%
32
48%
49
57 Va
58 'A
48%
17
201/4
205A
20 %
59'/2
49
,
62
62
100
*99
100
96%
85>/a
Feb
113
110
14% Jun
0
No Par
Lake Erie Ry_—....100
preferred
J. 100
&
No par
No par
64
' Jan
87%
83% Jan
Wilson & Co Inc.—_——No par
Wilson-Jones
Co
pfd
Iron Co
Woolworth. (F W)
Co.—
Worthineton P it M* (Del)
2,900
400
Prior
300
Prior pfd 4Va%
26% Jun
20% Oct
136
49 % Oct
Jan
24
45%
700
Yale
A Tswne
23
23%
23%
24%
23%
23%
7,600
York
Corp
1
13% Jan
13
26%
26%
26%
27%
28
27%
28
2,700
19% Jan
17
60%
62%
60%
61
61%
63
63
63%
62%
64%
8.600
39% Jan
24%
25
23%
24%
24 %
25%
25%
26
25%
25%
7.600
Young Spring A Wire—.
No par
Youngstown Sheet & Tube—No par
Youngstown Steel Door
-No par
37%
38%
37%
37%
37%
38
39
39
39%
39%
2.500
Zenith Radio Corp—
10%
11
10%
10%
10%
10%
10%
11
10%
11
12,000
Zonite Products Corp.
prices:
asked
no
tin -receivership,
sales on this day.
a
45
*45
Deferred delivery,
No
par
75
pri#
69% Mar
n New Stock.
WrlarW
Tr
'Wml
Wyandotte Worsted Co
7,300
Mfg. Co_;
SB
.No par
——1
Jan
32% Jan
Sep
Apr
24
July
36%
Jan
44%
Oct
20%
Jan
41 %
NOV
1
47% Jan
'
82% Nov
Jan
84
77
69%
Jun
91%
Dec
84
22
31
99% Feb
9
Oct
15
58
Apr
74%
28
13
Dec
14
Nov
Deo
Oct
20% Jun
49
47% Sep
26
24% Oct
24
9
9%
Apr
1
143/8
Jan
28
Nov
27% Mar
Nov
36% July
15% July
22
66% Oct
17
33%
Apr
20% July
42% July
Mar 26
27% Sep
19
13
Jan
20%
34% July 26
5% Jan
2
42
Feb
15
33% Jan
12% Jun
11
20
wd When distributed.
cSpeclal sales,
jrCaah sala.
13
8
14'% July
Sep
2
63% Nov
22%
45
8
99>/4 Nov
Jan
19%
100
20% July
11% July
Jan
123
Oct
125
100 M Nov
26%
4C
19
5
/m»l)—No
Wright Aeronautical-..
200
Jan
33 % Oct
3
....
Feb
8
80%
10%
29
15
22%
I/a
6
'
30
Jan
26%
100
Conv series—100
87%
31% Dec
9% Apr
Jan
Oct
Jan
22%
& A
2
July
29% Juiy
9% July
Jan
4%
103 Va July 12-
80
43%
43%
26
17% Nov
22
Jan
24
6
92% Deo
Jan
*64%
Oct 17
79
Nc par
26%
and
-Juri"T5?i
74
22%
20%
5
J»n
43%
19%
19%
Feb;
Jan
18%
19%
Feb
20
38
18%
19%
18
2
30
10
pfd 4%% series.
160
i
15
10% Jun
July
104% Aug
32% Dee
15
35
Deo
July
.
77
Jan
Oct
'
11.800
92
59% Feb
16% July 13
30
22% Jan
10
19
27% Oct
2
Jan
32
38% Nov
2
128
100
36%
Jan
97%
103
15
13% Jan
10
Wisconsin El Pow Co 6%
Woodward
10% Jan
»7% Jan
_No par
Dec
25%
20% Feb
66% Jan
16% Mar 26
Motors.———1
preferred—i±.
$6
Jan
29%
15
6% Mar 26
19%
19%
Apr
"7
23
5
93
82
22
.2
.Feb
15
30
;
Co
Dee
53% July
31% July
31% Dec
44% (W
24
Jan
19
♦Bid
18
21% Jan
9
26% Jan 22
82
82
66%
Feb
Jan
107% Jan
24
82
91%
Dec
41
22%
18
36% Oct
19
3i%J*n
*92
i
31%
15
101% Nov
101% Aug 21
■
—No par
1...20
preferred
preferred—
Oil
Willys-Overland
1,700
37% Oct
31
83
<
6% July
16% July
Dee
Dec
65
15-
Oct 18
Oct 22
36
3
Oct
93
v
Jan
7% Jan
31Vs May 17
50% Mav 17
3
conv
Wilcox
800
1
100
8% Jan
700
i
27% Feb
•
93
94
Dee
37% Dee
29%
- - ,
Oct
58
27% July 18
31% Aug
7
*80
84
110
Apr
3%
10
;.35
37% May 12
30% July 26
*97%
94
Sep
July
26%
18
57 % JUly
.
6
99
*80%
28
Feb
103
18
37% Jun
7
100
93%
Jan
16%
2
Dee-
118%
2
Nov
43% Aug 21
26 V* Jan
*97%
84
Nov
Dee
103
Apr
113%. Apr
July li
35
2
*971/2
93%
15
51
2
99
*80
16
Oct
TH
4% Jan 22 ;
6^% Jan
Sep 28
Aor
.36
13
30% Jan
-c
118
1 .Tap Jh
17%'Mar 27
13% Feb
No par
12.700
100
63 %
Dec -V
15
J
.12.50
42,600
i
101
102%
Deb' *
28
118% Oct
32% Jan
conv
Prior
48%
*99%
85%
102% Dear
100
100
25% Jun /
Jan
Jan
*98%
99
10% July
Jan
Feb
1
20
1.900
32%
47'A
Jan
18%
1
$4
10
313A
32
6%
22%
Aug;
83
White Sewing Mnph Corp
1
1734
100 VB
Dee
♦77
2
34 V« Jun
106
White Dental Mfg (The S 8)__...20
!
20%
195/8
*100
17%
100
99%
99%
!
*134
*301/2
57'/2
57
58 Va
20%
100
*134
48%
48
9%
Dee
31%
14
White Motor Co__
«
--
*30 'A
311/2
100
20 V*
20
20 %
20'A
20%
20'A
136.
161/4
100 Va
*100
8
20 3/8
16'A
15%
16'/»
100',
91/4
20%
19%
20
19
19%
19 %
100
9%
9%
9'A
9'A
9%
9
5%%
11.500
87%
22%
Jan
11
~
_12%
Wheeling Steel Corp
$5 conv prior pref
400
37%
:
Elec
Wheeling
10
.
1
10
14
25
Apr
-
24
4
Apr
15%
Sep
iVo put
,
$3.75 preferred
400
1
2.400
90
14% Oct
:
.
I_
Instrument
"Vestvaco Chlorine Prod
1,500
t
4334
13%
22 V8
23
2
20
110
100
preferred—100
A-
Weston
'
/
26%
14%
14
74
23
33% Sep
89 % Nov
v.:May 10
;• Jan.. 2
101; Jan
8 ;
113% Sep
7
22% Mar 21
•
Co——__10
Preferred
800
105%
433/a
.
450
,
IOI:!/4
*105
100
32.700
37
36%
35%8
!
' 36
*70 >/2
IO5V2
44
44
26%
99%
36
74
*105
42'A
42%
j
41%
37%
100%
101
*79%
105V2
*105
105%
41%
74
*701/2
73
73
75
*73
36
101
ou
100 %
„
Nov-
40% Sep
109% Jan 26
Westinghouse Air, Brake
No par
Westinghouse Electric Corp——50
6,700
35%
37'A
.
Oct
28
15
July i!
36% Deoi
v'
i
34'/a
,
11% Apr
22% Feb
Sep 29
27% Sep 22
3 i
10% Jun
1'
42 %
.
34
NOV
.
1
21 % Nov « 1
2$ ;
,
Nov
-
23% Mar 26
100% Jan
8
Vy»it>rw+A ceriA« A„__
..-lftO
Western Union Teleg class A .No par
2.800
26.100
N^v
2
9
Ry
2nd
X2G
Jan
84% Apr 12
Western Pacific RR Co com__No par
4.900
ii
Inc
Supply
NOV
Jan
IV*
24
„ioo
Lines,
68
17%
30% Jan
No par
preferred—.r
6%
10%
10 Va
10'A
27
.51-
West
1,600
35
45%
!
i
Feb
24
v20> ; Mar
•
West Penn
50
48
108% NOV
20
,
13
preferred—T——100
6 %
%
Dec
xl05
:
20% Feb
15
; Mar 26
29% Apr
9
14% Aug 21
24% Jan
2
1
7%
r
240
»
!
Sugay Corp.„
Dee
317«
13% Sep
S,ep
,
91% Oct
•
West Penn Electric class A—tib par-
80
14%
Apr
Nov
8% Oct
-
preferred—^—^Np par
West .Indies
9,600
Jan
?
8
-
8% Jan. 2
Wesson Oil & Snowdrift——Na par
300
f
i 1
Jan
10%
26%
28
P2% Nov
19
par
\
»* conv
110% Sep
»
5
i
i
•
:
Cprp.
8
Wayne Pump Co^———t—1
Webster Tobacco' .Inc_'__
__r
8
■
900
.AUg 21
40
17
61 % Mar 27
No par
Washington Gas Lt. Co——No
Waukesha Motor CO———
*"
32%
109
,
8
Pipe
21
18 % 0"t
41 v.Oct
100
____
Pictures—
Bros
Warren -Petroleum
1,100
f
*86%
5%% -preferred
Warren Pdy &
6,900
39%
1
Jun
77
io
lOoi
No par
new—
Sep .17
13% Jan
30% Jan*. 24
;—pa*
Baking Co.
Warjier
'
600
1.000
87%
'
•"
'
64
•a
——.,^100
W
Di.v redeem preferred^—M par
Walworth Co
'
100
No
—
4»
preferred—
Walker (Hiram > Q it
,
33.100
28
par
■5Ward
1.130
1
:|
f
32%
32'A
*86
,
100
19,800
3Q% ' 30%
24%
*19%
70
■'
7.100
■2
39 S
9a'/8
211/4
21%
*
3,700
f
13%
21
*38
j
11% V 11%
39
19%
19%
39
20 V*
38%
13%
11%
951/a
95
94%
*19%
13 J/4
10%
"
''
92>A
19%
'700'
38%
*110% 112V2
90Va': 91%
19%: 19%
par
Walgreen Co_—*
1.800
*37%,
V
112
90%
19%
12%
lOJ/a
>
■
*110
*19%
19%
13 »/8
10%
10%
;
91%
88
12%
13 %
,
110
110
.
87i/2
*19%
13
10%
v
39
38%
Wabash rr 4%% preferred
Waldorf System^——:
-No
1200
x-Ex-dividends
33/4
Dee
44% July
6% July
Jan
y Ex-rights
Transactions at the New York Stock Exchange
Transactions at the New York Curb Exchange
Daily, Weekly and Yearly
Daily, Weekly and Yearly
Stocks
Stocks,
Railroad
Number of
and Miscel
Foreign
Government
Bond
Shares
Bonds
Bonds
Bonds
Sales
Week Ended Nov. 2, 1945
United States
Total
01
Holiday
$4,610,000
Corporate
Total
$7,000
$367,000
Holiday
Saturday
$12,000
5,380,000
183,000
691,000
6,254,000
Monday
710,730
400,000
32,000
6,499,000
614,521
492,000
964,235
20.000
20,500
8,075,500
467,000
(598,000
Tuesday
Wednesday
7,000
6,067.000
812.000
487,000
6,000
6,176,000
1,086,045
1,256.340
1.169,120
Wednesday
2,064,268
Thursday
2.212,860
7,357.000
5,683,000
1,841,390
-—■—
.
—
Thursday
Friday
•
*—%
$29,097,000
8.543,978
$4,954,600
Foreign
Government
Domestic
$332,600
Monday
Tuesday
—
Foreign
Shares)
Week Ended Nov. 2,1945
*
Saturday
Bonds (Par Value)
(Number
£41,000
^
6,000
44,000
/
.
990,045
403,000
$2,493,000
.
493,000
3,000
859,000
:
"
•
4,365,576
499.000
—
:
11,000
1,000
<
415,000
$17,000
$2,633,000
:
$31,959,100
$761,500
$2,100,600
5319,000
Total.
$123,000
;
'
Jan. 1 to Nov. 2
Week Ended Nov. 2
1945
8,543,978
Stocks—No. of shares
307,061,521
3,805,906
Week Ended Nov. 2
1944
1945
1944
1945
216,023,898
Bonds
$761,500
$6,648,750
S23,000
2,100,600
Railroad & Industrial
1,328,000
82,899,660
29,097,000
—
Total
34,118,000
1,881,805,800
$31,959,100
—
$5,122,800
89,597,000
2,157,964,900
$35,469,000 $1,971,354,210 $2,252,684,700
on
$2,633,000
...»
10
•
.
Second
10
Total
Total
10
RaU-
Utili¬
65
Indus¬
Grads
Grade
Utili¬
40
trials
roads
ties
Stocks
trials
Ralb
Ralls
ties
Bonda
October 27
1»
20
'r'
Holiday
First
Holiday
Chase
National
58.94
36.07
106.02
114.26
97.77
108.14
184.16;
59.22
36.30
68.58
105.86
,114.37
98.01
108.04
106.57
Corn Exchange Bank <te
186.60
60.12
36.96
69.56
105.86
114.39
98.57
108.29
106.78
Empire Trust
37.42
70.47
105.80 i
114.44
98.81
108.35
106.85
Fiduciary Trust
70.53
105.80
114.56
98.79
108.38
106.88
First
November 1
November 2
—
188.34
188.62
;;;
61.07
61.36
»
,
37.50
„
a
Continental
Bank
National
&
Trust
Bank—
Grace National
>
Ask
225
'
38%
39%
21%
64
Morgan (J Pi & Co Inc-—..100
National City Bank—.,—-12%
New York Trust
25
Public Nst'i Bank & Trust—17%
300
62
54%
24%
64%
107
36
1,995
100 1.935
20%
1,850
25
Title
%
uuar&ntee
& Trust—1—12
United States Trust
•
1,890
46
50%
110%
54%
81%
Sterling National
111
34
50
190
Manufactures Trust Co com—20
22%
10
Trust-20
Bid
200
64%
51%
20
Co
.100
Trust-
62%
__15
184.24
68.45
4.87
Fulton
Guaranty Trust
Irving Trust —;
Kings County Trust.
Lawyers Trust
1.33
Commercial National Bank &
Trust;
106.55
Bank
Par
4»k
36%
53 V*
1.38
1.25
48V*
51%
,
Chemical Bank & Trust——10
October 31
—
$2,806,000 $142,867,000 $156,979,500
-
1.21
46%
10
October 30_
October 29
4.75
100
100
Central Hanover Bank & Trust 20
Indue-
30
Bank of New York—
Brooklyn Trust
10
34%
Bank of the Manhattan Co—10
Bankers Trust
-Bonds—
...
Bid
Par
the daily closing averages
Stocks
*
1944
;
A 58,105,847
New York City Banks & Trust Das.
of representative stocks and bond#
the New York Stock Exchange as compiled by Dow, Jones & Co.
Date-
1945
100,292,548
$2,662,000 $114,494,000 $147,133,500
117,000
27,371,000
8,685.000
27,000
1,002,000
1,161,000
123,000
Total
Slock And Bond Averages
listed
:Jan. 1 to Nov. 2
17,000
$2,493,000
Domestic
Foreign government
Foreign corporate
,
are
1,191,015
Bonds
U. 8. Government
Below
4,365,576
Stocks—No. of shares
1944.
;
19
—_100 1.64Q
49
65%
306
:
52 %
114%
56Mi
84%
20
1,700
t
Bond Record «» New
FRIDAY
;
D
wrpst"
.
S° ka^dwheJ SJlrtdeoftoS Regular S£*ly
the
range are
YEARLY
-
indicate to each
ease the
RANGE
month when toe *ond» mature-
FOR
WEEK
•V
Last
Interest
exchange
York Stock
New
Treasury
3%8__
Treasury
3'/.«
Treasury
3V.S
"
3Si
Treasury
No.
A'-
2% si
Lout
J-D
*101.15 101.17
J-D
New
External
*108.20 108.22
101.19
Jim*
102.4
J-D
*101.13
1
103.19
*110.26
111.4
*113.22
—•
Treasury
2%slHL
Treasury
2 3/4 a
Treasury
23/4S.
Treasury
2a/4S
1958-1963
Treasury
23/48
_1960-1969
J-D
-A 9411
J-D
*100.7
M-S
16
No.
17—
3%s Series
No.
113.7
112.21
113.30
115.17
113.2
115.1
500
——
—1948
*115.15
•
J-D
*106.3
106.5
106.6
m-s
*107.2
107.4
106.28
Treasury
21/aS_
M-8
106.6
Treasury
2%S
1952-1954
1956-1958
105.24
1962-1967
J-D
107.1
102.30
—-
J-D
102.6
101.31
Treasury
2MiS
100.17
102.9
101.31
Treasury
100.18
1
102.6
J-D
100.10
102.2
101.16el01.20
100.18
102.3
56
101.17
-1966-1971
2%s
June 1967-1972
2%s
-Sept 1967-1972
2 >/4s
1951-1953
2 ^8,.—.m——1^52"1955
2 Vig
1954-1950
2'/4S
1956-1959
2»/4S
1959-1962
Treasury
Treasury
Treasury
M-8
.
Treasury
Treasury
Treasury
1947
Treasury
1948-1950
1948-1950
1949-1951
1949-1951
1949-1951
March 1950-1952
Sept 1950-1952
Mar
Dec
Jun
Sep
Dec
Treasury 2s
Treasury
28
Treasury
2s
Treasury
2s
Treasury
2s
—
Treasury 2s
2s
Treasury
Treasury
2s
Treasury
28
•>«
Treasury
Treasury
2s
Treasury
1%8
iy2s
Treasury
New
10
100.28
100.20
m-s
100.30
J-D
*107
107.2
106.29
107.26
J-D
*104.24
104.26
*108.14
104.12
104,12
100.27
*100.24
100.26
100.15
M-8
•102.29
102.31
100.25
m-s
151952-1954
J-D
*103.14
103.16
J-D
103.14
103.16
1953-1958
J-D
*106.15
June 15 1948
J-D
*101.19
101.21
101.10
101.11
J-D
*
J-D
120
1947
f-a
1948
1968
4s
m-a
.1945
.1945
.1957
37
f 7s 2d series— .1957
External
sec
8
f 7s 3rd
series
1st
series.. .1957
.1958
(City) external 5s
(National Government).1948
external 4%s
Commonw'lth)
122
v
(U 8 of)
(Int
37
If
2
;
106%
1023/4
Jan
15
1953:
J-J
*1033/8 1033/4
103%
105%
Jan
15
1958
J-J
103%
105%
(City) 8s
(Rep)
t 7s_j
a
sinking fund 6s
s
a-o
21%
21 y8
5
17%
22
5
18%
22
173/4
22% J
223/8
6s
A-O
21%
21%
22
A-O
20%
20 %
21 %
40
20%
20%
21%
22
1961
J-J
—__Jan
1961
J-J
Sep
.....
1961
1902
17%
22%
21%
21%
5
18%
21%
203/8
20%
6
I73/4
22%
21%
21%
1
18%
21%'!
A-O
19'/a
20%
11
173/4
22
*19 V*
J-D
193/8
J-D
1961
A-O
21
21
211/4
20%
21
2
17%
19%
1
17%
19 Y«
2
16%-
Ry)
193/4
-1901
J-D
33
1
26
39%
1
68%
81
5s
1961
A-0
iggj
J-J
1970
A-O
1947
Oct
f $ bonds
A-O
M-N
1940
.1947
(Republic of) 5s of 1914
1949
4%s
1949
1977
1953
50
50
89%
7
867/a
16
1945
5
f
J-D
A-O
72%
893/a
413/4
*105%
*108%
110 „■
108
159%
112%
110
159% 159%
*63
110
105%
110
*112
100
72
983/4
983/4
74
J-J
97%
973/4,
81%
1955
F-A
1962
A'0
IA Dominican Rep Cust Ad S%8—1942
JH-S
100%
.100
\
(Int
1961
'3/'!
M-S
33 V2
100
86%
14
i
5 y2s
1st
j
AEstonia
26
65
101%
v
97 Ya
90
99%
5
100 Ya
11
97
1073/4
10
101% 102%
13
Greek
95%
80
101
:
97
77
97
;;
103
part
nart
100 3/a
\
:t
110 Ya
|
73%
5
Mendoza
72
64
64
1
53
69 Y4
|
67Ya
70%
8
573/e
71 Ya
1
.1979
A-0
60
60
10
.1957
A-0
68
70
5
57%
.1979
A-0
60
60
9
52
.1952
J-D
70
70
1
59%
52
66
;
101% 101%
A-0
m-s
100%
*50%
__
*109y8
J-D
*100
__
100
65
44%
I
paid
paid.
1988
Free State extl
s
A4%s
i.R60
Nov.
5.
M-N
17%
'
A-O
-1957
15%
*92
..
-
173/4
.16
3;; *101%
A-O
10
56
iooy2100%
100%
1
95
—
15%
14%
96
Stamped
(int
Ej-frnal
2%s
■lft
J-D
1979
A-0
60
82%
100%
-
20
12%
8
to
bonds of
8eries
No.
s
Series
No.
No.
3%s
Series
No
3%s
Series
No.
Series
No.
«•
d—
Series
No.
*
1
.
62 v
.
633/4
7_.
Series
No.
3%s
Series
No.
Series
No
•
52
673/4
52
68%
60
1943
M-N
*12%
14%
12 Ya
12 Ya
*103/a
14%-
10 Y4
11%
100
30
94
#
i,
1942,
agree
FOREIGN
SECURITIES
53
75 Ya
51%
75 Ya
52
76
52%
FOREIGN SECURITIES SPECIALISTS ' y
68 Y4
y2
10
65 Ya
643/4
*64%
2
70
-
J.
63 Ya
2
.61%
l-Ml MMUS 4 no. we.
75%
523/4
/•
"
2168.
FIRM TRADING MARKETS
,
68 V*
*74
63 %
page
68
61 Ya
20
513/8
66 Ya
51 %
66
■,'■51%
68
•:
•
34
100%
\
72
1
/%//'
64%
14.
see
2
63%
66
65
12—.
3%s Series No. 13.
'—♦•YotAR
:; 52
*74
No. ,8_,
No.
Series
""•*
52
20
65
*74
Series
No.
68%
5
65
65
JT4S
Series
82
23
65
:
*65
•3%s
3%h
653/4
62
63%
■
27
*99
12
66
1944 (Plan B)—
103
J-D.
31
.
3
3%s
52
—
—
2
Series
A-
3.375%)
233/4
90%
1954
30%
J. •' For Financial Institutions
69 Ye
25
J-D
66
73%
|4
pursuant to Plan A
reduced
3%s
-
60
I
102
1954
4s readjusted
to
A-0
1960
f 5s
Irrigation— '
> '
stamped assented
A Assented
16
1952
AJugoslavia (State Mtge Bk) 7s
(Colombia) 6%s
(Prov)
173/4/
1964
—
r v,
1978
60
106% 108
__
—
'
'
101%1 ;
102
i!
*101% 102 »/2
J-J
10
*101% 102%
A-0
7iy2
/>
101%
101% 101V*
1949
1949
AMedellin
59%
3
106
103
105 Ya
72
II
100%
__
—
1967
78
Haiti
Irish
*101%'
1969
(Republic) s f 6s series A
Helsingfors
(City) ext 6y2s
'
*101%
,
..
Government—
A7s
100 Ya
: •
funding bends of 1931
6%
•
99
101
1969
(Republic of)
A6s
j
105 V4
95 Ya
106
__
series
series
Republic 7s stamped
unstamped-
7s
99
107 Y4
99%
100
*102% 103
106
103
90 Ya
19
104 Ya
•1093/4
5y2s
French
13
63
101 Ya
fund
Customs Admin 5%s 2d series
!
105 Ya
30
35
97
sink
series
Mexican
reduced to 3.375% )
Fty)
:
iCpntral
115 Va
115
A-O
|
37%
to Plan A
tft^mped pursuant to Plan A
<Int reduced to 3.5%)
115
154-160%
A-O
1942
94
70
31%
35%
J-J
5V2s
50
42
50
853/4
J-D
External gold 4%s
58%
41%
89
853/4
F-A
debt
20-year extl 6s
81
41%
64
50
M-8
loan
5%s
69
483/4
M-N
external
6
*48
M-N
1951
58 Va
*48
J-D
1953
81
81
57%
F- A
—1952
.
7s
81
81
57%
Stamped pursuant to Plan A
A 7s
19%
,
1928
(Rep of)
33
A-O
j-d
V V
18%
17%
17%
*19%
M-N
1940
m-s
a-0
21
M-S
1940
j-j v
j-d
21%
17%
18
M-S
1952
8A 1st series 5%s of 1926
.1955
72
18
—
21
igeo
•
5 A 2d
104
j-d
21
37%
34
3
107
1013/4
19 Va
*19%
'
19
17%
19%
—I960
1927--:
gold
18
M-N
—_1962
II
(Republic of)—-
wks
22
.
J
193/4
173/4
—
A-O
iggi
*
J-D
183/4
—
213/a
20%
M-N
Il961
Munic 7s
(Hukuang
External
38
*193/4
M-N
.
,/mi
assented,
Public
{
4
10*7
assented
•
21
J-D
;
22%
21%
20%
,
1957
63/48 assented
17%
18%
A-O
_1963
I
;
M-S
,
1962
sinking fund 6s—___J963
|
M-S
Sep 1901
Mortgage Bank 6%s
Rica
18%
F-A
1961
sinking fund 6s
s
F-A
Feb
Jan
t 68—
33
.1955
reduced to 3.375%)
213/4
M-JV
33%
.1949
AExternal s f b'^s of 1927
18%
30
96 %
97
107
m-n
-1957
"I
30
96%
m-s
.1978
21 %
32
101% 101
97
j-j
.1941
70
21%
I960
assented
of
36
M-N
—I960
Feb 1981
sinking fund 6s
external
65
*39
J- J
1042
1942
assented
AExtl
14
103% 104
103%
193a
External
35
101
101
70
106 »/4
(Rep of) 8s ser A.1951
ASinking fund 8s series B
1952
38
35
35
>
104% 104%
101%
A
90
34
40
108 5/a
102%
37
37
*30
m-n
-1956
Stamped pursuant to Plan A
(Int reduced to 3.5%)
s f b%s of 1926
Stamped pursuant
•
106%
102%
5%s 2d
.1957
external 8s
AExternal
yfy-v ■
57
*101'/4 102
ACzechoslovakia
74 Va
79
,
1073/4 108
4
111%
*103%
A6%s assented™.
ASinking fund
71 Ya
,
109%
M -N
Copenhagen (City) 5s
25-year gold 4%s
62 Ya
76
47
J-J
31
98 Ya
f-a
.1955
5s of'25-
external 6YaS-
IA Brazil
91Ya
-
61
97%;
110% 1103/4
110%
1968
A 6s
,
63
1948
37
m-n
.1972
external g 4 %a of 1828—
f 7s_
..
37
a-0
.1972
1927
f 6s.
J-J
*72
,
15
A 6k of
'-'7;
—
36%
32
j-d
-1971
i exti conv loan 4s Feb
f extl conv loan 4s Apr
s
J- J
1907
943/4
J-J
*30
a-0
s
1961
923/4
Jan
ACosta
*36»/a
■
a-0
s
External
A-0
A6s
Teletype
*81
—
j-j
f 7s
External
1960
A 6s assented
NY 1-1693
*74y2
....
j-j
f 7s series D
of
(Dom of) 30-yr 4s
IA Denmark
s
4%s
——1984
ASinking fund 7s of 1927—
*74 Ya
a-o
sec
Antwerp
1 ft bonds
a
Sinking fund 5%s
s
Argentine
external
4'/2s
External
-^jl^lum
83
External
External
5s
7
Cuba
A
1
95
Colombia
Broadway,, New York
j-j
External
943/4
AExternal
Wertheim & Co.
j-j
Australia
M- N
Mtge Bank 6%s
ASinking fund 7s of 1928
.1945
loan
95
1975
f 4%-4%s
i
AColombia
.1945
conv
80%
3s
f 7s series C
8
3
AChinese
f 7s series B
8
92%
A 6s
s
Si
92%
A7s
AExternal
>
A-O
A Chilean Cons
8
f
94%
1978
AGuaranteed sink fund 6s
External
8
94%
803/a
sink fund 6s
A 6s assented
External
u
80%
1
A
A
A
40
91
AGuaranteed
Members New York Stock Exchange
95
923/4
101.14
112%
103%
95
*95
91
A 6s
•
10T.23
100.26
28
101%
102%
91
ARy external
103.17
IOT.9
117%
97%
95%
100'/a
__
*100% 103
F- A
106.17
117
*100%
-
M-8
A 6s assented
.1980
M-8
a
1970
103.10
100.13
11
al00%al00%
100%
J-D
.1931
A68 assented
AExtl sinking fund
A 6s assented
*
100.17
24
M-S
F- A
1977
s
AExternal
103
103.1
it
.
f 4Ya-4%s^_
AChile
A
•
1957
1958
-1950
stamped.
AExternal
A
-
(City) s t 5s
A7s assented
103.9
100.25
103.1
'
68
*
3S
103.9
102.10
35
103
103
103.16
coll 7s A
(Dept)
AAntloqula
67
53
1
66
52%
69
"
3s
10ll29 10314
103.11
(King of Norway)
Akershus
51%
__
AChile
102.30
68
66
ACarlsbad
*102.28
513/4
*643/„
102.27
J-D
67
*64%
104.24
102.26
65%
*64 y8
102.20
102.26
52
28
"l
m-s
67
64
30
104.24
103.16
68
68
51%
29
103.28
102.26
51%
51%
No.
102.9
*103.14
23
'
64 y8
No.
102.3
*102.24
63%
64 %
No.
102.26
Foreign Govt. A Municipal
Agricultural Mtgo Bank (Colombia)—
sink fund 6s
Series
Series
102.20
*103.9
REclor 2-2300
sink fund 6s
27
102.5
Foreign Securities
AGtd
No.
*102.3
*103.13
Corporate Btock———--
AGtd
Series
*102.18
"
67ya
2%s
Issue—
Telephone
26
M-8
J-D
513/4
9
*64%
Sinking fund gold 5s
York City
Unification
No.
J-D
J-D
64
64%
25-year 3VtB
30-year 3s
30-year 3s
101.12
m-s
1950
Series
Canada
104.12
J-D
40
66% I
*64 Ve
25—
3%
108.16
m-s
J-D
66
66
52
61%
24
No.
-
.
513/4
51%
__
External
105.22
r
/
Refunding s f 4Y4-4%s
External read] 4%-4%s
101.24
105.30
J-D
Dec 15 1952-1954 1
26
Treasury
100.22
100.26
68
__
23
No.
External
*105.28
e
1951-1953
1951-1955
-„-Juna
•
101.19
J-D
——
Treasury
3%
100.15
14
56
..101.25 101.25
Treasury ?%s
Transit
10
101.18
J-D
M-8
67
51%
*64'/a
No.
Series
A 6s
102.7
----1965-1970
67%
59
66
64
—
Sinking fund gold 6s
Buenos Aires (Province of)—
102.17
10
I—1&63-1988
rr
103.4
-
June 1964-1969
2%g ————Dec. 1964-1960
II
—
Series
Brisbane
107.11
100.28
108
*102.28
51%
1
3%8
107.25
105.19
2 %«
22
3%s Series
107.15
1950-1952
*107.30
67%.
17
65'/a '
64'/a'
3%s Series
1949-1953
Treasury
No.
33/48
2VaS—
*106.4
51%
6iy2
Series
-
33/4S
2%8_.
__
High
5
*64»/b
:
33/48
Treasury
M-8
January 1
Low
-
Treasury
Treasury 2 */n s
Treasury 2%s
Range Since
*64%
21
3%s
104.20
Treasury 2%S
Treasury 2Va8.
112.10
114.4
64 y»
*64 y8
20
No.
3%s
110.15
113.16
*114.2
64 y8
19
No.
Series
33/4S
108.27
*113.14
No.
Series
3%s
■
64%
—
3%s
J-D
61%
.62
64%
18
100.9
*104.18
No.
Series
M-S
J-D
*
Sold
Low
*64%
Series
106.11
105.14
104.16
108.30 108.31
*104.13
M-8
Bends
61%
3%s
3%s Series
Range
Friday's
No. ;
15.
114
113.24
or
Price, . Bid & Asked
(Continued)-
No.
111.27
110.28
M-8
bonds
$
Series
103.19
112.17
101.15
m-S
1955-1960
-1948-1981
1951-1954
1956-1959
Treasury
of
for the year.
High
3%s
103.20
.
■
r
103.27
Last
Sale
(Continued)
Brazil
High
Week's
Friday
Interest
Yogk Stock Exchange
Period
106.28 109,24
106.24
*106.22
*101.4:? 101.6
10S1-1988
■
-
£
Treasury
Sold
A/'
BOND!
January 1
Low
M-8
—1949-1952
1^46-1948
—
Range Since
Bid it Asked
A-O
1047-1981
1940-1988
1946-1949
:
'/
Bonds
Friday's
High
ft. 8* Government
4V*$
or
Sale Price
Period
Treasury
Week's Bongo
Friday
IONS ft
range
to' computing
NOVEMBER 2
ENDING
-
'
account is taken of such sales
shown to a footnote In the week to which they occur. No
Period" 1
jteJrfcditters in the column headed "Interest
The
WEEKLY
-
Cash and deferred delivery sales are disregarded to the week's range, unless they are the only
tti
and defaulted bonde.
Income
for
ezcent
York Stock Exchange
50 Broad St., New York 4, N. Y.
Telephone HAnover 2-0050
-
/
/
Teletype N. ,Y. 1-971
f
V
*
n
Volume 162
Number 4435
'
-
'"V
,
-
-*»7-i.
yyv "B OKD S
Stock,
7'
.
2165
YORK BOND RECORD
"*•«•*
RANGE
Torn
# f *r
.
NEW
New
v>. <r * nrr yt
THE COMMERCIAL & FINANCIAL CHRONICLE
'
•••
Friday
Interest
fcxchangs
Week's Range
Sale Price
Bonds
Bid & Asked
High
22Vs
v'
'
"•
ENDING
-
NOVEMBER*
*'
.
Range Since
January 1
Sold
Low
*18%
*.«*'
'
WEEK
*
<
:'Y Last Y-Y or Friday's
Period
•>»•*.
•
FOR
Low
No.
High
YlMexlco^(ConttaM^
AMexlcu
A
lOb)
exu
oa
Assenting 5s of
Assented
A
A Assented
to
IA Treasury 6s of
A Assented
Mlnas ueraes
5,
to
1942,
1942,
*18 3/4
5,
1942,
reduced
external
to
Railroad Reorganization Securities
r;..
18
13
7-J
11
I8V/4
16
*13%
"
17
12%
17%.
22%
22%
38%p
47%
-
9%
*223/4
agree
*17%
-
13%
18%
-
PFLUGFELDER, BAMPT0N & RUST
Memberi
___1958
M-a
47%
—
2.125%)
2008
e
1959
M-S
5/
47%
5
reduced
AMontevideo
A 6s
New
7s_.
47%
sink
f
s
lund
(City)
M-N
F-A
1958
extl
1963
loan
f 5s
s
A-O
F-A
1970
BONDS
Near York stock Exchange
*955/8
977/a
—.
*95
——
A Stamped assented 5s
Stamp mod 3 Vis ext to
1963
M-N
1994
J-D
Ext sec ref 3%s series
1967
M-S
APernambuco
(State
of)
7s
1947
Stamped pursuant to Plan A
/(Int reduced to 2.125%)
APeru
external 7S
<Rep of)
ANat
loan extl
A Nat
Loan extl
fund
100-
ARio
27
20
19%
420
18%
18%
A-O
25%
14%
27%
1947
A-O
16
J-J
22
J-D
*47
(City)
Paulo
>79
104 Vi
49%
71%
85
104
5
42 %
50
50
41
41
45
45
37
A-O
36 Vi
35%
40
50%
52 Vi
52 Vi
45%
J-J
1948
J-J Y
1953
4%
109 Va
96%
M-S T.
Yi
,45
.
,
.
.45
34%
36%
Y-YTH W-
46%
.
17
36% ^
110
50
43
34%
103
103 Va
6
105%
105
105%
66
A-O
104%
104
105%
28
J-D
: 85%
84
85%
170
46%
102
105 V»
A-O
July 1948
(Int at 1%
C
90 %
92
J-D
92
■
112
M-S
84%
83
84%
72 7/a
71
72%
418
Feb 1 1960
60%
67
;
42%
J-D
M-N
100%
J-J
100
J-J
J-J
1951
J-J
: 94%
86'A
100 5
10
91
101 /
99% 100
1959
100
99% 100%
1950
I
ref 4s
Con
4s
stamped
100V4
100
95%
94%
Y
14
95%
94
96
100%
86%
98%
102%
45%
.1951
Bell
.1960
A-O
.1950
J-D
.1956
A-O
45
36%
35
~
39%
>45
Telephone of Pa 5s series C_
Beneficial
Indus
Loan
2%s
2004
Cons
S
36
48%
102%
42%
1st
50%
ser
I__.
1970
131 Vi
100 3/8
102 V4
•:
101 Vi
"•
•*
101% 101%
10
101% 101%
1st 5s
AC.
-.1967
101%
u-s
J-J
70
M-N
A-O
*106
—I960
1970
Alnc
101 Va
94
M-N
48%
48%
104
108
105 '/a
107%
106%
72
98
103 y»
Y'
84
73%-
69:
73%
■.
33
100% 101%
100%
J-J
M-N
^
107%
69%
67'/a
F-A
.1960
M-N
.1950
F-A
.1947
M-N
.1969
M-S
106%
106% 106%
9
106
105% 106
6
105V4
:
45%
Bklyn Union Gas 6s series A—
Gen mtge s f 3%s
37
*'60 Vi
60 Vi
4s
40
45%
*33
J-J
42
Bklyn Union El 1st gold 5s
37%
2012
1936
.1955
62
.1999
J-J
*52 Vi
J-J
60 Vi
Niag Elec 3%s series C—.1967
J-D
109
Buffalo
52
63
.1999
42
52 Vi
52%
56%
40%
J-J
M-S
55
modified
(Interest at
3% to May 1, 1947) due
1957
IBurlington Cedar Rap 8t Nor—
§ A 1st & coll 5s
1934
Bush Terminal
-J
j
2004
*46
39
48
1968
J-J
*52
37
f
107 Vi
54
Y/'V
2012
1940
J-J
49 Vi
49 Vi
36
-
^
:.ti
77
77
66%
A-O
75%
64
41
5s.
93%
82
51
31
49%
101%
1041/e
83%
93%
98%
97%
103
.1960
86%
31%
49
104%
104
.1955
162
43%
*42%
87%
.1978
43%
733A
104
50
A-O
A-O
59
81
79
.1952
Bush Term Bldgs 5s gtd.
Stamped pursuant to Plan A
(Int reduced to 3.5%)
79%
of
1st 4s.
Consolidated
M-N
..
California
(Kingdom)—
1962
1962
secured
A 7s
series
external
sec
extl
of)
B
(Prov
A Silesia
extl
19
1958
AExternal sink fund
($ bonds of
M-N
>100
M-N
27%
32
Guaranteed
26%
Guaranteed gold 5s
>110
1964
6s—
14
>102% 103%
F-A
.1960
6s.
fund
F-A
.1946
(Cityi s 1 5%s.
AUruguay (Republic) extl 8s_
27%
12
35
J-D
17%
19
100
Guaranteed
103%
105
Guaranteed
110
1937)—
-1979
M-N
*85%
conversion—,
1979
M-N
*82
1978
J-D
83
83
72
87%
1978
1984
:-1958
F-A
91
91%
78%
91%
1958
F-A
extl conv
4.41/4-41/28 extl readjustment
3l/2S extl readjustment
external 7s
(City)
AWarsaw
A*%s assented
—
J-J
75%
89
74%
87%
88
Collateral
70
80
27
/
17
13
Carolina
*
17%
::
T
*io%
,
1953
J-D
1946
M-S
1947
Power
Alabama
1st
1967
M-N
I
Amer
Chem
G
109
102%
A-O
M-S
1949
100
__
100
M-N
109
*113% 114%
99
106%
104% 106 Vi
94
129
.
3s
.105
_.J956
147
debentures
3Vis
debentures
conv
1980
debentures
2%s
'
1st gold 4s
Arbor
192
100
101% 102 Vi
146
101%
105%
100%
105%
m
104% 104%
-
—i——
90
.1993
90%
99
U
Central Pacific
99
14
71
•
94
10
1st ref gtd gold
gold
5s—
4s_1949
1960
(4%%
to /xub j.
«,v Aug 1
lesapeake & Ohio Ry—
General gold 4%s
:
Ref 81
90%
Ref & lmpt M 3%s
102
—l^92
)"6
-1996
impt mtge 3%s D„„
1st
Co
mtge
4Vis
cum
(111)—
series E
f
?y
.1964
3 Vis series
income debs
(Subordinated)
!
TV://
106%
106% 106%
18
Y/
•-j
.1975
due.,
-
M-.S
?
J-J
M-N
106%
105% 106%
\
102%
73
R & A Div
104% 107%
107%
.
footnotes
see
page
YY
i
v«.
;
..
.
■■■.
-rJ
86%
35
53%
20
14%
20%
13%
28
73%
66
1
63'A
87
.
J-J
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v
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.
.,
■
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ySY
■
;
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v
•
-
105%
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107%
107% 107%
F-A
106
105% 106%
,
/
*102%
J-J
140
M-S
cons
■'Jv Y'-'fV-',,
20
4
38
A-O
S:
j-J
.1949
1
-
*•
>
'<n>
\
1
1.11
RR ref 3s.
.
'
m
m
35%
44
,
19
53%
109
96%
,-'V
106%
92
103 V«
102%
137
145%
890
104%
106%
104
107%
103
131
125
—
128 Va 128%
1
.
106%
106
128%
1.1
51%- 53%
•
103%
101%
4
105 ¥4 1053/4
*1013/b
52%
.
102%
*123
■
J A Chicago & Alton
55
102 y8
-
—
140%
:
48
109%
103%
"
105% 105%
M-N
F-A
.1989
140
49%
28
48%
'85
M-N
84
38
36
48
■
106%
34%
160
;
105
96
172
43
40
41%
,
vYVY:yy
■
29%
106%
108%
J-J
'
'
■
:
.
2
37
37
101V* 101'A: "
42
45 Va
YYvY'-'
2168.
W7
1st
2d consol gold 4s.
>
For
:
73%
*108
J-J
j"i
■■
73%
A-O
«»-j
■
91
21
"
J-D
-—1946
gold 4s
1989
Potts Creek Br 1st 4s
^
'
19%
20
A-O
"
&
Armour
73
71%
'
21
F-A
1949).
will
,
20
73%
,
1st & ref series A
V*y470
120%
106%, 110%
78 .,
88v;
/
15
87
87
101% 102%
102
F-A
A-O
| | IA Central RR & Banking 5s stmp-1942
Champion Paper & Fibre deb 3s^__1965
110% 115%
7
.
101%
Guaranteed
>
'■/^
,
1.
102%
%
%
147
■
13
---
-1987
Central N Y Power 3s.
109%
116
113% 114
^
104%
■.
105 A
278
147
104% 104%
Wks & Elec 6s series
Anglo-Chilean Nitrate
Ann
104%
debentures
Wat
r
104'/a ?
57
Y
106%
._1987
AGeoeral 4b.—.
J
99
101% 101%
101%
Tobacco
3s
Am
105 ,V 105 &
145
101%
debentures
Co
2Vi
Amer
A
102%
116%
89%
10
99
100
Telephone & Telegraph Co.-1960
American
102
'
1945
5%s series B_
.1959
5s series C_
AChatt Div pur money gold 4s__1951
A Mobile Div 1st gold 5s
1948
.1966
Central Illinois Light 3%s—
.U961
JACent New Eng 1st gtd 4s.
.-1987
tACentral of N J gen gold 5s
-1987
A 5s registered
—
106%
107
102%
*100
Nov
mtge 5s—
A-O
100
*100%
''
RR
86
M-N
103%
6
87%
*85%
J-D
.1959
104%
104%
1st gold 4s—. .1948
-
—
of Georgia Ry—
.1945
102
103A 107%
96% 106%
103
105%
107% 121%.
9
321
103
97
u
u.
ARef & gen
A Ref & gen
103
118
116% 121%
1
106% 107
1963
;-1981
§AC'onsol gold 5s.
2
121 Va
116
•102
105%
107 %
107
*102
A-O
1998
2030
5 Vis
conv
103
109
~1
*100% 105%
A-O
1975
mtge 4Vis
Gen
104%
102
A-O
1948
Alleghany & West 1st gtd 4s
Am & Foreign Pow deb 5s
102
J-J
Albany & Susquehanna RR 3 Vis—1946
96%
26
104% 104%
102
A-O
J 948
Albany Perfor Wrap Pap 6s
6s with warrants assented
107% 109
*104% 105%
F-A
3 Vis.™-1972
mtge
109
J-D
1946
10-year deb 4Vis stamped
Alabama Great Southern 3 Vis
snis
103A103JS'
105% 106
20%
A 1st
stamped
Coll trust 4s of 1907
—
119
-
gold 4s
Cart St Adir 1st gtd
tCentral
coll tr gold 4s
A
series
SA5s
*120% 120%
*
F-A
Power & Paper-
JAbitibi
115% 117P/4
118%
1949
of deposit
Clinch & Ohio 4s
Certificates
U P
Adams Express
116%
7
—
1960
JIA Carolina Central 1st gtd 4s
Industrial Companies
Railroad and
6
1161/4
115% 116%
119
„
6%s—1946
4V2S
trust
i'
108%
■
.
*116% 116%
116%
deb stk perpetual
Can Pac Ry 4%
20'
*81
4%s
Northern Ry deb
Canadian
readjustment—
4%s
4%s
106%
103% 107%
:
X10 72
112/: 118%
__
13
ioJLO
18% 118
1969
1970
„1955
1956
1951
Oct
5s
gold
gold
gold
Guaranteed
External
3%-4Va-4A
gold
"
—
05V4 106
>100
*17%
External
3%s-4-41/8%
*107%
1968
3%s
Power
Elec
Calif Oregon Power 3%s
1974
Canada Soutnern cons gtd 5s A—1962
Canadian National gold 4Vis
1957
22
19
*21
J-D
12
18%
.1955
A4%s assented—
sink
*15%
M-N
1958
7s
Sydney
AExternal
M-N
Z-l
..
•
*
111%
107% 107%
Stamped
A Certificates
J-J
108%
,108
Buffalo Rochester & Pgh Ry—
45%
110 ,V
105'A
*109% 110
43%
„
60 Vi
107A
F-A
■~h'.
106%
*107V« '
.1969
Elec 4%s B
84
108 s/a
106 J/4
__
——^1981
f debentures
s
63'/a
103%
104% 105%
*106%
M-S
Buffalo Gen
'
i?
8 Y
i
80 Vi
mtge 4Vis ser
tABoston & N Y Air L 1st 4s.
41
43%
M-N
103
101%
104
77-;
*106% 107
..1961
H
'•«'
*107% 108%
..1955
series RR_
mtge 4s
129 J/4
^
—
series JJ.
series
1st gold 4%s
98%
10
5s
"i
129% 129%
•ioi%-;
Bklyn Edison cons M 3%s
M-S
Stamped pursuant to Plan A
(Int reduced to 2% )
S A Secured s f 7s
;
A8s
•.
J
Corp—
2%s
mtge
1st M
41%
90%
1
94
36
4
41%
94
Steel
Boston 81 Maine
40%
39%
40%
debentures.
Bethlehem
49%
52 Vi
>47
2%s
42%
40%
7-d
1967
.1956
Serbs Croats & Slovenes
'
98 V8
86%
'16'•'
*102%
A-O
Beech Creek Extension 1st 3%s.
40
i-
—1952
loan
-
Bangor & Aroostook RR—
42%
40
M-N
1964
loan.
w
75 7
p
(int at 3%%
due
1947)
fvy-'v?.
2004
8s
;
95
1951
extended to—
4s
1
88
-
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1951
gold
to Jan
; v"'.
88
66 3/4
;/55
:
V. V ''V
92%
.$■ 'U\\
63
F-A
due
88%
75%
'J
83—84%
v;';Y;
Y'.V
v
1995
-
66%
.
1%%
1
due
1946)
'Y
1995
(int at
99% 107%
to
Toledo Cln Div ref 4s A
A
I una 4s
106%
98%
to
due
ser
1
at
due
A
ser
S'west Div 1st M
45
7-b
2012
Stamped pursuant to Plan A
(Int reduced to 2 25% )
A
107%
104 Va
44
84%
54
.1950
dollar
-•104%
49
f'Vr.
1926-——1966
Stamped pursuant to Plan A
(Int reduced to 2.5%)
extl
1948
3s
2
107% 107%
M-S
46
36 Vi
F-A
45
1999
external.
A6s
105% 105%
110
Pgh L E & W Va System—
Plan A
(Int reduced to 2.5% )>.
extl water
110%
107% 110
XV'-Y
■
J-D
AConv
85
101%
Stamped pursuant to Plan A
A 7s
77. '7 '77
M-S
Plan A
Stamped pursuant to Plan A
(Int. reduced to 2% )
|ASan Paulo (State* Hs—
?
109
.
(int at 1 % to
Sep 1 1946) due
2000
Ref & gen ser F (int at 1% to
Sep 1 1946) due
1996
104%
55
104 Vi
A-O
Stamped pursuant to Plan A
(Int reduced to 2.375%)—2001
A6V2s extl secured s f
1957
A8s
to Dec
42
48 Vi
F-A
2012
municipal loan
Stamped pursuant to Plan A
(Int reduced to 2.25%)
§ASan
3Va' 111%
111
1
'
July 1948
1946)
gen
Ref
2.5% )
sink
1964
i
(int
1946)
1
Ref &
47
37%
44 V*
M-N
1953
Stamped pursuant to Plan
(Int reduced to 2.25%)
external
t-
Ref & gen ser D
J-J
2001
2% )
reduced to
1
Ref & gen
A
A 7s
Fe
50%
Plan A
pursuant to
A 7s external loan of
flanta
30%
41
>47
external sink fund gold—.—1968
(Int
14%
1
41
1946
to
110
1
HOVa
:•
RR—
gold
mtge
Oct
(Stale oi)—
reduced
(Int
Stamped
1st
44%
22
2001
extl loan of 1921
A6s
124
-116 'A
1
"
M-N
July 1952
4s
;
20
*110% :;.i.;Y;
J-D
123
115%
■
7
119%
UO'/a 110 Va
'
4s
A
gold 4s
Dec
8s
to
119
Stamped modified bonds—
39
,
Stamped pursuant
133%
B
30%
25
reduced to 2% )
Grande do Sul
A 8s
_1963
cons
4%s
Ohio
&
1st mtge
A
Plan
to
1st
unified
mortgage
Baltimore
34%
23
30
1961
of*
pursuant
32
—
*13%
A-O
(Int
,
*32%
—
*24 Va
1946
Stamped
2
J-J
1966
6Vis
21%
A-O
Stamped pursuant to Plan A
(Int reduced to 2.375%)
Rio
213/4
F-A
(City
283/a
~»1950
1963
2.25%)——2006
to
High
127%
59'
110% 110% Y
T.'
J-D
:
Y
130 Va
Ry—
25 Va
A-O
1960
-1946
Line
Air
26%
1940
Low
26%
410
January 1
•
28%
26
25%
6s
to
Second
v
*llflv'r_.YY*
J-D
gold 5s
Atlantic Refining deb
233/4
1955
Atlantic & Danville Ry 1st 4s__
'47
38%
J-D
3%s
Atlantic Coast
47%
23%
1947
sec
38%
1st
129 5/»
''
M-N
1955 •
1
Charlotte
General
25%
7 Vis—1952
AExternal
98%
105%
1
46
&
130
Nov
1995
gold 4s of 1910
1st mortgage
100
105%
25%
extl 6s
Janeiro
'
95
10
M-S
(City ol Greater)
de
95,
—
98%
28%
8s
Stamped pursuant
APrague
98%
——
100
46
Conv
Atlanta
A-O
:
1905
Atl Knox & Nor
101%
A-0
7Vas___
Queensland (State)
88%
1995
4s........... 1995
gold 4s of 1909
Conv 4s of
'.90%
88
—
2
J-D
gold 8s
(City of)
reduced
—
Conv
,
M-S
A4'/2S assented—
(Int
—
99%
—
103 %
1961
Stamped pursuant to Plan
(Int reduced to 2.375%)
AExternal loan
—
103%
98%
99
Range Since
Sold
j!': No. /
Low?
;
;
Adjustment gold
Stamped 4s
103%
1960
A4V2S assented—
Alegre
103%
>
98%
1959
/^Stabilization loan s f 7s
A Porto
97
7
12
1958
(Rep of) gold
A4'/2S assented-
sink
.
Bonds
•-
Bid & Asked
'
General 4s
103
ser
2d
§APoland
AExiernal
Atchison Topeka & Santa Fe—
._1968
f 6s
s
..
Friday's
or
"
ser
f 6s 1st
s
.
*105%
—
M-S
2008
,
—
*95 Ve
—
B
Last
Sale Price
High
100%
*102>/8
A-O
Interest
Period
41
97%
15
102%
102% 102 %
M-N
Bell Teletype—NY 1-310
-
130
*102
——
J-D
1953
extl s i 5s ser A.1963
(Rep)
125
—
102Vi 102 %
——
M-S
•' New York 6
,1
125
—
102
A-.O
1956
1965
4 V*s
sink fund 4%s
APanama
118
:
•
4 Vis
fund
*120
37
125
125
——
/
5s
sink
J-D
1957
Municipal Bank extl
Oslo
1952
(State)—
43
a
1959
(Kingdom of)
External
2008
f 5s„._.
s
External
Norway
2.125%
A
Wales
External
4s
(City)
series
South
to
York.Stock Exchange
1
40
35%
^8%
—
—
Broadway
Telephone—DIgby 4-4933
Stamped pursuant to Plan A
(Int
61
1
<■
42
*43
—
Hew
--
/-
i 6%s__
s
21
16
10%
13%
Stamped pursuant to Plan A
(Int
18%
''^,'7
*18
.—
(State;—.
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u'
»*'*••'
■■
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J-J
1933
asseut
..-j.;r'
22 Va
•11%
agree
1913
......
-
*
1945
Nov.
*16%
■
7
agree
5,
'
j-D
1954.
1910
Nov.
■£'
agree
.
Nov.
to
1942,
-U
Q-J
Q-J
1943
5,
1904
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1943
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to
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A
£
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Monday, November 5, 1945
CHRONICLE
THE COMMERCIAL & FINANCIAL
166
RECdRD
NEW YORK BOND
FOE
RANGE
WEEK ENDING NOVEMBER 2
Week's Radge
or Friday's
Friday
Last
Stock Exchange
Interest
xr •nv
York
New
"
r!v''v.?;;
"V
-V
•
f Chicago
4'/a 8
inc mtge
A Gen
A-—1988
>; l,
;
& gen
A 1st
Sou 50-year
Chicago Ind ft
ft
•
Way I960
6s series B
73
73
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17'
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95'A
95'A
2
84i.
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91
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85
6
183A
19
40
19%
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*
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4s
J-J
4s_—_-l»5fl
1 1989
4'As series E
AGen
•
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AGen
•i'-
gold 3%s
4%s
,
Way 11989
Way 1 i989
May 1 1989
series F_
103
104%
103'A 103%
104'A 104'A
17
104
paid
if {Chicago
A
16
deposit
of
29'A
1,574
17'/a
33'A
104%
33
104%
104%
General
100
106%
A 4s
86'A
87%
127
I ARefunding gold
j
i-
i>
t
Memphis Dlv 1st
gold
4S——1951
1st 5s—1960
-
ChlC T H ft Southeastern
■
paid
Part
•
•/
1st
St L Div
!.i
1
Cleve
1st
1st
,
.
f
Columbus
1st extl
ft Tol
4S—*«.—1959
Commonwealth EdiSOO Co—
Conv
deos 3VaB_.—
I,'
1
<
<
.
Consolidated Edison of New
3'As debentures
3'As debentures
v
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receipts
gold
receipts
A7y2s series A extended to
A Deposit
receipts
—
A
'
►;
^
«
A
1948
receipts
—
Curtis Publishing Co 3s deb
130%
112 Va
109
107 % 107%
4
106
111%
80'A
80'A
5
74
Peb
*15%
16%
A-O
103% 103 %
1975
J-J
106
mtge Inc 5s series A_^__^__2Q15
ref 3%s series D..;
1969
J-J
B
ctfs
...
—.
1st
111%
N
Lack & West RR Co—
Y, Lack & Western div 7 V'&
1st
i
\
ref
M
5s
ser
102
<ft
J-J
-
102
8
M-N
to
Coll
Delaware
4-6s
57
Power
&
Light
3s
~1
100%
80
252
30
45
102% 103%
21
102%
40%
80
40%
51%
66'A
66
68
44%
41%
52
65%
61
41
100%
103
103%
100%
101
4s
:
:
3'As
M-N
99
M-N
108
1966
*103%
106
3
J-D
& Rio Grande RR—
consol 4s
lAConsoi gold 4 Vis
.1936
11
95
18
57%
Ajlssented
A Ref
&
1978
series P
1965
mtge sy2s series G
1968
Edison
Detroit
..."
—
impt 5s series B
64%
4s
.
68'A
7Q
Gen
ft
ref
Gen
ft
ref 2s series H
1970
gold 4s 1995
ASecond gold 4S
1995 .7
Detroit Tertn ft Tunnel 4Vis
_19el
Dul Miss ft Iron Range Ry 3Vis.
1962
Detroit & Mackinac 1st lien
{SADul Sou 8hore ft Atl gold 5s
EhiQuesne Light
1st M 3Vis
1937
1968
A-O
.
•
108
I
161V
71%
....
.r-71
14
11%.
J-D
Af-N'
.'11%
65
14
46 %
\r
J
109 i,.'
75
61
105%
Et* El 111
For
(NY)
1st cons gold 5s
footnotes
see
page
2168.
1995
7 M-N
j./
96
100
105%
99
101%
100
100%
1951
J-J
101% 102'A
12
89
102 %
J-J
ref
101% 101%
105%
F-A
ser
D
A 1st
A
100 %
1963
J-D
99%
97
99%
223
81%
1963
J-D
92
90
93%
120
76'A
95%
J-D
86%
10
73'A
92
—
1963
86%
--
105%
J-J
.1950
105% 105%
105
85%
75
*83 %
J-J
1st gtd 4s__.__1956
A-O
—
108
76
106
62%
42%
44%
124
28%
89%
54%
70%
68%
70'A
33
58%
85
J-J
70
69
70
47
58%
A-O
1956
74
44
J-J
Hydro El deb 6s—.—1944
Internat Paper 5s series A ft B...1947
Ref sink fund 6s series A
1955
75%
A-O
.
SAInternat
93%
91%
96%
287
74%
108'A
M-S
■
M-N
J-J
ft Teleg deb gold 4%S—.1952
•
—1955
F-A
1959
1961
J-D
84%
96%
104
10
103
105%
108% 109
17
106%
111 Va
103
J-J
1972
1st 5s B_^
97%
106%
16
107% 107%
J-J
6s series A___July 1952
B__
;
1956
C_
106%
*111
M-S
.1952
A—
1st gold 5s series
103'/a
*
series
5s
105'A
97
w.->
1st gold 4s__.
series
6s
101 %
99%
10
105%
*104
Series A
mtge 4s
105
103
100%
*102'/#
j
AAdjustment
102
>103%
103%
95%
103%
99
71
105'A
103
102% 103%
105
104% 105
146
98
37
88%
11
102%
104%
103
107%
J
Clear 1st 43
Laughlin Steel 3y*s
ft
98
104%
J-J
97
103% 104%
99
K
.
Kanawha
.'76%
5%
-
63
•.
"21
'
320
••
>:
City Fort Scott & Mem Ry—
-5%
54%
7
106'/#
7
19
71%
108%
Southern Rv Is! 2$.
Kansas-City Terminal Ry 2%s_
Kentucky Central gold 4s
—
Kentucky ft Ihd Term
Stamped ...
Plkin
106'/#
109'A
39
106
109
14
48
66
Kings County El L ft P 6s_2.
45
46'A
38
28
46%
Koppers Co 1st mtge 3s
107%
-
/•••'v2v-
106
62
110'A
1
55
81
105% 106%
23
117
105%
->V 45
■
*120%
*157
„
165
2
unguaranteed
{AKreuger ft Toll 5s ctfs...
—
,
1936,
2-—.*
1950'
1974
A-O
144,
78%
13
78
91'A
19
93
106%
79%
93%
*102% 103 'A'
A-O
11~8%
*120%
J-J
J-J
—
62
62
1961
J-J
*109%
J-/
*105%
104
„
A*0
*187
*5%
109%
102
173%
186%
102%
404% 104%
M-S
/
107%
102
—
1961
..1997
1964
1059
A *Q
,
79
101
122
62
107% —
J-J
1987
tqfii
1961
80%
106% 106%
80:
79%
78
A-O
105 V3
4%,: '
6%
8
109%
105
4%s
*106%
A-O
1st gtd gold 4s__ 1990
ft Mich
5 ARefunding gtd 4s
Acertificates of deposit
108%
71
■-V-h-;
3%s
1956
"2
95%
Lake Sh
Aast Tenn Va ft Ga Dlv 1st 5s
-
99%
74
82%
Kansas City
49*
•
106
;;
178
83%
66
107
116% 116 %
■
62
90%
88%
108%
94%
105
59
—7„
-
106'A 106%
106'/# 106%
.
84
7
102%
84%
30
96%
1
65%
—
107%
< A-O
J-J
J-J
//-I
12
63%
M-S
J-D
J-D
413%
106%
-
J-J
1951
:
65%
V~7
,r
65
99%
107% 108'/#
78%
65%;r;, Jl 8
106% 106%.
64%
{Denver
P-A
F-A
A-O
101% 102%
27
Kansas
<fc Rio Grande Western RR—
AGeneral s f 5s
!
1955
103%
44
gold 3s
1st
108%
61
96%
,;60
71
88%
103'A
97
97
J-J
J-J
97
99% 100 %
Dlv
James Prankl ft
60
;
104
99% 100
Jones
1936
89%
*105%
J-J
103%
98
{Denver
8 A 1st
31
108%
102%
——
21
101% 102%
102% 104
J-J
A 1st
103%
103%
—
*103% 103'A
89
F-A
._____1950
75
1
75
101% 101%
102
J-J
M-N
1953
.1955
gold 4s
103%
A-O
1952
gold 4s
101
70
75
101% 103%
75
M-S
{International Great Northern RR—
50%
103'A
105
*102%
A-O
Indianapolis Union Ry 3'As ser B_1986
Inland Steel 1st mtge 3s series P..1961
71%
45%
gold 3'As
{Alnd & Louisville
85%
46'A
1st
Ind 111 ft Iowa
50%
82'A
103
F-A
1st
61%
44'A
105%
*104%
J-J
...1951
1951
.1951
1951
1952
1955
;
1st & ref 4'As series O
104
50%
102%
J-J
J-J
2%s series A2..1981
4%s
Int Telep
-7
87%
115%
113
—
35%
Joint 1st ref 5s
102%
5
54
106% 106%
A-O
*113%
.
78
101
33
HI Cent and Chic St L & N O—
-
1973
72'/#
76%
96
35%
Registered
74
102
102
65%
57
103%
100%
Springfield Div 1st gold 3%S____1951
Western Lines 1st gold 4s
1951
75%
*44%
wi__—^__May 1, 2042___
3
17
A-O
Gold 3'As
74%
58%
*64
Jtf-N
77%
144%
137
102
100
Feb 1957
gold 3s sterling
Omaha
107'A
57
9
14
66
44%
Af-N
98%
110
St. Louis Div ft Term gold 3s_._2l951
105'/a
104%
21
*64
1993
__
J-D
division
Essex
98 'A
108
109
64%
gold 3'As
40-year
103%
*44%
1973
C
Income mtge due_:
Morris
7;
101%
104
146
Debentures 5s—
Delaware,
61
100% 101
100
M-N
Litchfield Div 1st gold 3s_.11951
Louisville Div & Term gold 3'As_l953
107%
*81
„
91
98
99%
71%
Cairo Bridge
112%
105 %
31
65'A
44%
—
106
70'A
Refunding 5s
108%
65
*52%
101%
101 %
71%
Collateral trust
131
103'A 104
J-J
5
F-A
Refunding 4s
Purchased lines
114
105%
105%
102
j-d
104%
*137% 139
J-J
1949
1st gold 5s
Collateral trust gold
111
116
10
106
*
A-O
18%
102%
*98
*108
Af-N
84
13
"4
106
*99%
107
Manhattan 1st 5s-A..-^.1957
Int Rys Cent Amer
Dayton P & L 1st mtge 3s
1970
Dayton Union Ry 3'As series B—I3S5
& Co 23As debs
1965
Delaware de Hudson 4s extended
1963
106
103% 103%
—
1962
f 5s series A
s
income 5s_.
AdJ
1st
D
Deere
__
J-J
•
...
i
-
_
A-O
2.1952
...1989
111% 111'A
■
Feb
....1959
3s .debs
Corp
Extended
108%
33
112'A
64%
A-O
121%
j
1st gold 4s_
36%
21
131
64%
J-D
137%
2
J-J
Co Gas
1st
106'A
114
105
A Deposit
1958
68
108'
105
—-
128%
127%
I
108%
103'A
—
103'A
J-D
extended to.—1946
series B
102%
108
103
—-
3
127
104%
Illinois Bell Telep
103'A
107'A
102% 102%
J-J
133% 133%
Illinois Central RR—
109%
104%
62
106% 107%
44'A
123
133%
103%
ft
A
115
105%
—
130
104
102 V#
118%
27
121%
109%
Hudson Coal
107
38
103
—
1952
1st 5s
RR
74
106
J-J
J-D
J-D
Deposit
A6s
i1
■
i
73
64%
101%
H
109%
25
*111
J-J
J-J
Deposit
ACuba
106%
108
107%
J-J
deb 4s
1954
A Debenture 4s
——■—1955.
A Debenture
4s
1958
Continental Baking 3s debs
1965
Crucible Steel 3yis si debs_
1955
I ACuba Northern Ry 1st 5'As
1942
{AConsol Ry non-conv
114%
102%
96%
109%
103'A 103%
102%
91%
100'A
127%
91%
16
107
131
A-O
A-O
J-J
5
25
121
106
36
108
^
1948
1958
1958,
debentures
3y2s
•;
York—
'
80
101%
107% 108%
*114%
F-A
J-J
F-A
110% 110%
*102'/#
—
7
—
*107'A
J-J
.
53
115
11
^__1999
{SAHousatonic Ry cons gold 5s
1937
Household Finance-Uorp 2%s_.^.il970
112%
1
.
—1958
3s series L.———1977
Conn Ry ft L 1st ft ref 4y2s
1951
Conn River Power s f 3%s A
1961
mtge
1st
J-J
A-O
M-S
F«r4
4s—194a
Ohio El 3y»s
1970
Columbus & Sou
83
1
17
74
54%
39%
101% 101%
__
J-J
Hocking Valley Ry 1st 4%s
'
103%
II
J-J
1st &
104%
170
*112% 115'A
108% 109'A
A-O
V 1st extl gold
ft
92%
105
*107%
JH-N
105%
23
Gulf Mobile ft Ohio 4s series B
112%
107
107
103 %
J-J
54
107
85%
91%
107%
80
65%
14
„
107% 107%
A-O
A-O
A-O
e
127
104%
107% 107%
Greyhound
102%
102
10
,
40
J-J
106
111%
--
103
85%
" F-A
& Southern Ry.— "
(stamped modified!———1980,
Columbia Gas & Elec deb 5s_
,_1961
i
76
105
M-N
—1948
4V^8
columbus ft H
37
.92%
Colorado
•
82'A
RR—
gtd
——1950
Short Line 1st gtd 4y2s——1961
Union Term gtd 5y2s
1972
8 f 5s series B gtd
1973
s f 4Vis series C
1977
Cleve
54
54
-
__
80
53%
90%
1
108% 109
J-D
J-J
J-J
M-N
J-J
—
77%
105%
106
52%
18
*121%
80
57
103
4
106
Hudson
,t
102
106
Gulf States UtU 3%» series D
82'A
J-D
75
128%
55%
107%
111
54
...
232
75%
99%
J-J
...
106%
90%
10
103
74
104
lI6%
J-D
..1952
1973
—,1976'
1977'
108
10
*
53'A
*112%
1
102
.
Gulf ft Ship Island RR—
1st ft ref Term M 5s stpd....
106
52 %
105
132
102%
89%
M-N
1947
;
105%
108% 108%
,53.'A
105%
117%
J-J
A Debentures
98
92
83
-
106
106%
—
mmmm.
3'As ser K
1960
Gen mtge 3%s ser L
:
1970
Gen mtge 3'As ser. M
.,._19.8D
AGreen Bay ft West deb ctfs A
105
105
101%
106%
104
75%
104
J-J
mtge
Hudson
1993
.-1977
4s__.——1991
coll tr gold 4s——1990
Ilium 3s—
1970
1934
General 5 %« series. B
Gert
100%
83%
102
F-A
3y2s
D
Series
94%
50
98
*102% 104
108%
96%
—
*53
1st gtd 5s
General 4%s series E.
100'A
97
102%
47
J-J
{§ AGa Caro ft Nor 1st ext 6s
Certificates', of deposit
Gen
F-A
.1993
Cleveland ft Pittsburgh
Series C 3VaS gtd
v
108
MrN
4'As series E__,
Cleveland Elec
?
91
104%
—
./ab ft M Div 1st
Cln
16
*106% 107
A-O
1969
1974
ft Ala Ry. 5s
deposit
General 5s series C
99%
5
*92'A
99'A 100%
105%
98
164
*112
—
80
J-J
General 4 'As series. D
28
106%
95
.
79 %
13%
100% 100%
.
St Louis Ry—
General gold 4s—
General 5s series B
Ref ft impt
^
52%
102
79
477
*101% 102%
" A-O
1952
Gulf con3 5s-
rcieve Cln Chic ft
si
23 V»
VjS,
Union Terminal—
ist mtge gtd 3%s series E
1st mtge 2%s ser G
.
65%'
23%
74%
106% 106 'A
-A 1
J-J
M-S
........————•
-
47%
64%
105
80%
616
*100
J-J
——1957.
Cincinnati
!
t
paid
■
tAChoctaw Ok ft
10
58'A
J-J
--,---1--
| A Debenture 5s
►
*
—
•
Part
135
88%
23'A
M-S
guaranteed 5s
Dec 1 1960
yj.^3 A Certificates of deposit—.
i Chicago Union Station—
1st mtge 3%s series P
-1963
& !: 1st mtge 2%s ser G
—1963
Chic ft West Indiana com 4s——1952
1st ft ref 4%s series D—
-1962
i {JAChilds Co deb 5s
-—..1943
Income
102%
*
102
—
*105% 107
—
Certificates, of
108%
90'A
97%
M-N
^.^.1949
Oct 11945
Castings 5%s
Grays Point Term
57
•97%
103%
88
99
74%
74%
M-S
M-S
68 'A
58%
J-D
J-D
100
30
102
Corp—
1969
68 «/4
68'A
88%
J-D
19
97%
105% 105%
J-D
Goodrich (B P) Co. 1st mtge 23As_1965
65
A-O
M-S
M-N
- J-D
117
*102'/# 112
J-D
92
88%
-
106%
*105
__
—
—
5S....1949
68 Va
78 Va
90%
---
Orleans 5s—.-1951
—1951
3%S
Gold
94
debs.
Inc
Great Northern Ry Co—
J-J
2
*105
—
J-J
1956
6
91
68'A
68'A
100%
...
8
91
117
100% 101%
3-3
...1959
deposit.....
& Utilities
Realty
conv
8teel
Gen
101-103%
*104
F-A
1934
1952
■-I960
lASecured 4'As series A
gold 4'As-
.AConv
Chicago St L ft New
77%
321
91%
117%
*105%
—«.
J-J
1974
Gas ft Elec of Berg Co cons
{AGeorgia
90'A
91'
106%
*
89
84%
258
88
20
G
99%
27
104 'A
117%
119%
67%
J'J
-----
48___.~
Uit
t .■
94%
176
83
104'A 106
107
117
117%
81%
105%
J-J
Pacific Ry-~
1988
4s
Certificates
M-N
coll trust 6s.
Francisco Sugar
117%
94%
of
Acertificates
111
83s
—
Rock Island ft
A General
»-
1961
Rub 3s deb
ft
ref 5s series A
A 1st &
28%
J-J
.....
M-S
98%
A-O
{AFlorlda Cent & Peninsular 5s—1943
Certificates of deposit
;—...
95
103'A 104%
J-J
1927
paid
nart
1971
31%
147
,103% 104'A
103%
105
F
103
v
102
•
Part
J-J
Firestone Tire
92% 114 Vm
176
104
j-j
.
J-J
97'A
16%
105
103%
A-O
'
1962
2015.
1964
1990.
2000
29%
15%
7
High
-L-
110
>'
72
January 1
Low
102
101% 101%
1
A
1st cons mtge 3'As ser E
1st cons mtge 3'/as ser P
1st cons nitge 3'/as ser G
Ohio Div 1st lulgfl 3'As
82%
•
25%
,V
83
Low
117
117%
A-O
79104%
10
103%
J-J
J-J
J-J
ft' {Chic Milvr 8t Paul ft Pac RR—
,} \
AMtge gold 5s series A-—
v;
AConv adjustment 5s
Jan 1 ^ono
1st mtge 4s ser A wi—
1994
Gen mtge 4'As inc ser A wi
2019
s
4 'As conv inc series B wi
2044
Chicago ft: North Western Ry—
2nd mtge conv income 4'As
1999
&:*X 1st mtge 3s ser B.i—
-1989
if tlAChicago Railways 1st 5s stpd
100
Range Since
Sold
No.
-
mtge inc 4%s series
Gen
{Florida. East Coast l6t 4'As
J-J
seizes B__May
AGen
■
90%
108
*106
J-J
AGen
i,
18 3A:
ft St P8»l—
series A-.~
May 1 1989
{Chicago Milwaukee
!.
91
i
141'A
15
J-J
-
132'
97
Railroad Co
Erie
76%
Bonds
Friday's
*105'/# 106%
4-*.
A-O
..1965
1965
stamped
5s
99%
96
J-J
M-N
.
•
El Paso ft S W 1st 5s
106%
60
1
140'A 140'A
J-J
J-J
j/V ARefunding 4s series C--..--—1947
A 1st & gen 5s series A
——1»6J
'
115%
98
or
Bid & Asked
*102% 103%
M-S
97
J-J
2038
;•
119
71
98'A
M-J
Ind & Louisville By—
A Refund wig 6s ser A—-----—1947
ARefunding gold 5s series B—1947
115%
1970
Empire Gas ft Fuel 3'As
68%
{Chicago
s
1950
Elgin Joliet ft East Ry 3'As—
102%
1
71
.
M-N
J-J
1964
Elec Auto-Lite 2%s debs
> 'i"i
!'■
Week's Range
High
High
3-D
111
•104'A 104'A
/*#
1985
3%a ser B—
gold 5s_
Gt West 1st 4s series
1st mtge
Chicago ft Erie 1st
t
•
Low
•
Last
Sale Price
112%
*112'A 112'A
F-A
.
¥
11
F-A
ft Eastern 111 RR— t
....
r
mtge inc (conTi——.
A Gen
No.
■■
1153/4 11534
J-J
1974
ref mtge 3%s
1st &
Chicago
Low
High
__
f»58
series B
1st & ref 4%s
Bid ft Asked
rriee
Stock Exchange
York
New
Interest
Period
I
Range Since
January 1
Sold
.jTii,; «;•
J977
General 4s
Bonds
"
■
it Qulncy RR—
Chisago Burlington
•
*
6»««
Friday
BON 1) a
-
Bo is u e>
-"
neya
119%
151
158 y«
ft Mich
Lautaro Nitrate
A 1st
Sou gold 3%:
mtge
Co Ltd—
income
J-D
.1997
reg_.
109%
lb
1083/# 109%
*105
J-D
.1997
registered.
;;v-.
■v^v
108%
105%
111
102%
109
.
.1975
Dec
65 %
61%
61
65%
_
;
-
50
—
65%
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK BOND RECORD
JtANGE FOR WEEK ENDING
V;■
NOVEMBER 2
,
BOND8
Stock
Interest
Last
Period
New Fork
Week's Range
or Friday's
Sale Price
'Bid & Asked
Friday
Exchange
High
Lehigh Coal 8c Nav s f 4%s A—1954
Lehigh 81 New Eng RR 4s A;
*
-1965
Lehigh Valley Coal Co—
1st &
ref sink
5s
fund Sajwi*
stamped-.
5s
stamped
4s
104%
—
106
100%
1
1974
87 V4
73%
AN(m-»fconv
80%
45%
47
531/2
831/2
,
78%
841/s
1965
1—
133%
127%
1181/4 118%
118%
115
1091/4
106% 106%
series
Guaranteed
4s
ref
—1962
A
-.——1949
1st 5s series
Louisville Gas &
Elec 3%s
A
119
119
118%. 120
104'% 104 %
1031/2
105%
104% 104%
103
105%
107 »/4 1071/4
1051/a
1071/4
104%
1966
1st
&
ref
M
3%s series F
1st
&
ref
M
2%s
—2003
St Louis Div 2d
1C9%
2003
98%
95%
100
lit
1141/8
11'I
741/2
6s
1948
.63
83%
82%
93%
45%
deb
1940
1957
4s
4s
25
1054
21%
20
1st 3yas—
86
1
1st
Southern Ry
~
RR
mtge &
Mauati
41/2s
coll 4s
Sugar 4s sink
A
ser
^1960
B
ser
76
73
1954
fund- .Feb 11957
19
65%
16
80%
106%'
46
11%
;
331%
251/8
106j/2
109%
106
108 '/a
-31%
:; :
89% 102%
47
78 JA
103V2
&
impfc.Ss series C
2047
108%
Ref
&
impt 5s series D—«
2047
108'A
1955
103% 103%
6
1031/4 105%
Metropolitan Edison 1st mtge 2%s-1974
Metrop Wat Sew & Drain 5'/2s
1950
104 % 104'A
1
102%
1061/a
Northern
991/a
102%
72%
81
781/4
71
r
87
109
93%
110%
(Minn)
t§AMet West
Side
El
(Chic)
1101%
__
I
1071/4 IO81/2
107% 108%
,
89%
93% 110%
Power Co—
States
104% 107
1st & ref mtge 3%S—1967
1st mtge 2%s
——1974
(Wise) 1st mtge 3yas
1964
4s„ 1938
89%
79%
76%
102% 104%
81
.-.2047
2047
McCrory Stores deb 3'%
128
108% 119%
106% 115
116%
1121% 1121%
Jan 2047
138 %
124
116
inut 4%s series. A,
°65
75
136%
136
&
1959
44
133%
;_1997
.
registered-
AManila RR (Soi'them Lines) 4s
110
;*106%il08 /
32%
•v—^-''/:'^106%;T08'':/:;'
Ref
901/4
35
981/4
93%
Co—'
registered—
*
ry & Id gold 3s
3s
48
105%
,105'/8 lOS'/e
:
80
26
32%
194% 100
.
—
—
y«
52
30%
:
32%
107%
105 %
44%
46
89
105% 108
7iy2f'73%
'
,
171/2
74%
,
105%^
Ref
88%
87
86
mtge 4%s series A___^—-_1998
mtge 5s conv Inc.
-2014
Gen lien
101%
—
101%
Norfolk & Western Ry 1st gold 4s_1996
North Central gen & ref 5s
—1974
Gen & ref 4%s series A——1974
82%
100
noo'A
30y4
41/2
1001/2
AGen
4s
Central
1st
83
1106
Northern Pacific Ry prior lien 48—1997
Maine
,17%
10%
"
—1963
108%
21%
«
9%
101% 101%
:.
81%
107%
Xl07% x107»/4
1992
4s
77
59%
10%
Norfolk
117
1956
541/2
Niagara Falls Power 3 %8_:.—1966
Niag Lock & Ont Pow 1st 5s A—.1955
1021/2
4s
56%
56%
1956
101%
102%
1021% 1021%
77
1955
—
98'/a
IOOI/2
97%
75
-1956
1955
1111/4
98 »/2
lOOi/a ioo1/2
.-1980
-
gold 3s
Knox & Cine DiV
106%
109% 109%
1946
G
ser
4s
*5AN Y Susq & W 1st ref 5s. ——1937
IA 2d gold 4%s
-1937
8AGeneral gold 5s
—1940
ATerminal 1st gold 5s
1943
N Y /Telephone 3%s series B_
1967
tSAN Y West & Bost 1st 4'As—__1946
107 %
1S6S
4s
N Y Steam Corp
Nashville RR—
&
Paducah & Mem Div 4s—
Atl
106%
106%
"74%
55
certificates 3%s
AGeneral
108
107
1963
Louisiana & Ark
Louisville
1061/2
107
1949
..1949
debentures
3s
106% 107
1951
gold 4s-
stamped
Lorillard (P) Co deb 5s
76%
64%
1954
-
N Y Power & Light 1st mtge 2%s_1975
N Y & Putnam 1st cons gtd 4s
1993
N Y Queens El Lt & Pow 3%S-1905
107
4s
gen
68%
-.1947
****;»'
JAN Y Ont & West ref gold 4s
116
106%
Miami
deb
deb
1st
121
Long Island unified 4s
100
il.1947
3'As-
& ref 4%s series of 1927—1967
J A Harlem River & Port Chester—
1321%
1951
91% 107
A 1st
761/2
Liggett & Myers Tobacco 5s
116
84
1973
ADebenture
93%
Lex & Eastern. 1st 50-yr 5s gtd
110%
:
1973
§ACollateral trust 6s
66%
2003
High
116
AConv
71%
2003
January 1
Low
1147/s
116
116
1
.
Range Since
108% 116%
114y8 115
__
Sold
No.
LOW '
->108
J-J
J-J
Bolkds
Friday's
ADebenture
64%
47%
Lehigh Valley Terminal Ry ext 5s_195i
M-rt
2043
3'As;.
ANon-Conv
69%
45%:
2003
2003
4s
deb
deb
ANon-conv
•
deb
ANon-Conv
96%
—2003
V
2043
__
ANon-conv
91
1950
modified
registered
or
Bid & Asked
IN Y New Haven & Hartford RR—
95
1954
5s stamped modified—
Little
4y2s series B_
90 %
stamped
2000
gold 3%s
4s series A
1
Mtge 4s series B
i
i
ITTrEack & West 4s series A
95 ya
88 %
registered-
Harlem
Mtge
93
89%
1974
gtd 5s
Last
Sale Price
„
1007/e
■
81
NY
100%
92
Week's Ranee
Interest
High
IO61/4
104
105
—1964
fund 5s
Harbor Term
4'As
105
il03'A
Friday
.
....
Period
High
98
Lenigh Valley N Y 4%s ext—
Lehigh Valley RR—
4s stamped modified
4%s
__
w
•
•
Exchange
January 1
Low
No.
iiONDM
New Fork Stock
Range Since
1954
stamped
Val
—
,
Sold
——1964
& ref sink
5s
Leb
A-O
Bonds
.—1954
„
1st 81 ref smk fund 5s_—
1st
J-3
-
Low
A®,,./;
102
104 %
107% 110
Micmgan Central—
Jack
1st
Lans &
Sag 31/28—
3 %s
*
-1951
■'100%
—1952
1107 J/4
impt 41/2S series C
1979
1104 »/2
gold
Ref &
Michigan Cons Gas 1st mtge 3%s_1969
AMidland of N J 1st ext 5s
—
—
105
lloj/2 110%
102
102
105%
107%
98%
105
107% 111%
91J/2
104%
97 J/2
JOgdensburg & Lake Champlaln Ry— <
A 1st
guaranteed 4$--———1948
1st mtge 3s-—-——1974
i;
116ya
75
1940
t§AMilw & Northern 1st ext 4V2S—1939
A§Consol ext 4'As
1939
\
1st
120
25V2
r
__
Oklahoma ( Gas & Electric 2%si—21975
Minn
St
Paul
&
Sault Ste
Alst .mge 41/2S
AGen mtge 4s
Mo
Marie—
inc ser A
inc
Kansas & Texas
A
ser
__
:
-IOI/.t 101
-
106%
101
v
99%
i!
100%
101-fe 103%
102% 102%
102%
105 >A
-—1948
102 %
1021/2 102 J/2
102 %
105%
Oregon-Washington RR 3s ser A—1960
105 Va
105'A 105 J/2
104%
106%
Guaranteed stpd cons 5s
_1991
1st 4s
99
100 >/4
100
199% 100%
Oregon RR & Nav con gold 4s——1946
Ore Shoft Line 1st cons gold 5S--21946
—1971
30%
20%
103%
26'A
—-—1975
2%s
nitge.
26%
104%®-. 104% 104 J/2
Ohio Edison
1990
Missouri-Kansas-Texas RR—
Prior lien 5s
series A
-1962
—
4o-year 4s series B
Prior lien 4y2s series D
a Cum
adjust
1962
-1978
5s series A
Jan 196?
Pacific
1st &
A
ref 5s
AGeneral
a
1st
8c
ref
AConv
5s
series
ref
1st & ref M 3s series
72'A
95 >/4
K_———1971
L———1974
1st
&
ref M 3s series
1st
&
ref M 3s series M
1979
ref
5s
14%
43'A
72'A
95%
72%
95 J/4
795/2
91%
1st gtd gold 4s
Monongahela Ry 3'As series B
Montana Power 1st & ref 3%s
Montreal
Tramways
5s
Constr
M 5s
Constr
M
series
T
1102
103
107
101 J/2
711/2
82;
62%
801/2
66
767/s
63
79%
105% 105%
1947
109%
1107
105 %
109%
107
National
Steel
L 4s series A—1978
3JAs
1st
debs
mtge
1960
103 % 103%
96%
104%
105%
105 JA 3 06 »/4
105'A
1081/4
104
106%
i
105
107
106
1954
ij.uo
Newark Consol
5s
1948
England RR gtd 5s
gtd 4s
1945
96
95
;
104%
1945
102 J/4
cons
A Consol
New
England Tel & Tel 5s A
1952
1st
N
gtd 41/2S series B
J Junction RR gtd 1st 4s
1961
1986
New
Jersey P & L 1st mtge 38—1974
New
Orleans Great No* 5s A
N
Orleans Term
fNew Orleans Te?
SANon-cum
5s
a
5s
of
a
.
Y
106
of
Certificates
of
1098
90
89%
96%
3'As
1997
104
registered
1997
coll gold 3 %s__——1998
3'As registered™
1998
Mich Cent coll gold 3%s_.
1998
''IOC
3%s
3'As
registered
New York Chicago & St Louis—
Ref mtge -3%s ser E
.1998
Y
Dock
N
Y Edison 3%s series D
1st
lien
1st
&
gold 4s
ref
i
104%
3%s series E
Purchase money gold 4s
footnotes
see
page
109% iiiy»
105%
106 »/4
108%
108%
105%
107 %
1071/e
105% 105%
108%
108%
107% 1071/s
107 % 1071/b
107 '/a
1241/2 1241/2
124%
128%
122% 123%
118%
124%
132JA 134
126%
134
123% 125
118%
126%
124'A 126
118%
126%
104% 105%
103%
106 y»
68
1100
102%
96%
102%
101
Marquette Ry
911/4
491/4.. 74
106
107%
'
•
109 J/4
78%
87
65%
Union Ry 5%S-—1974
3%s ser D
1900
107%
—
86%
io?i
102% 106 y8
105%
105
1106%.
----1^0
TTiZ
Phila Bait & Wash
General 5s series
108
109'A
.
1st gold 4s—
q
B——197*
gold 4%s series C_
Philadelphia Co coll tr WgPhila Electric 1st & ref 2%s
1st & ref M 2%s———
and
1st
ref
2%S—^
3s
debentures
♦1331/8
131%
*1301/4 132
1977
General
128'A
138
131%
106JA 106JA
103'A 103 JA
^-JJ67
108%
102%
1041/4
101%
104%
102'A 102J/2
1971
105%
102% 102%
1961
101%
104 %
104J/2
106%
107'A
106
1105
—1962
106
1071/4 1071/4
——
21%
30
15'A f. 28
101'/4l03%
27
114
103'A
103
<
15%
23
Berijs
F 4s
Series H cone
102%
i
87
87
Gen
mtge 5s
87
87%
Gen
mtge 3%s ser E
82%
Pittsb Coke <fe Chem 1st
103 % 106%
104%
106%
103%
100%
106%
109
104 % 104%
100%
105%
2168.
103% 103%
103'/a
v
107%
105%
109
111
106% 106%
1108'A 111%
113%
108
i-
llli/s
,
123
126%
124%
129
-C
101%
104
—
96%
97
'
97%
■
--
-t®
.-i ■
• •/
98
84'A
96%
97%
84%
98
84%
96%
1105
-
.
:
*127
•~ill7%'
105
—
♦125%.-^;-i
—
136
109
10«%
.106%
103% 106%
105'A 106
97
127
128% 134
104%
1106%
1950
1st mtge 4%* series B—
1959
lsk mtge 4%s series O
11960
Pitts Young & Ash 1st 4i ser A—1948
1st gen 5s series' B
1962
1st gen 5s series C
1974
«.st 4%s series D
:
If
114
126%
126%
103% 103%
107'A
19715
mtge 3'/as_1964
1st mtge 4%s
113>/4
1161/4
114
131% 131%
107% 108%
,
"
.1948
Steel
113%
113%
1130% 132
131%
1st mtge 4%s series B———1950
Pitts & W Va 1st 4%s series A—-1958
103%
106% 106%
Pitts
—
«"
1125
1975
series B
■'
1125
__
83'/4
102 '/a
1949
guaranteed 4s*—19601
-------1963
series J cons guaranteed 4%s_J1964
Gen mtge 5s series A——*—-1970
93
—
1114,.—
Series I cons 4'/2s
91
—•
115% 115'A
"
__
•
1113 ? >
**
•
guaranfcctd-rir--?SSo
97%
--I-'no&.
.guaranteed gold—1953
G 4s
105
102
106% 107
101%
-194#
Series
1965
_1966
Louis—
gold—^.-194J
91%
90%
1980
1965
N Y Gas El Lt H 81 Pow gold 5s
For
4s
Peoria & Pekin
Pere
106 »A
104
104%
1951
____(
Connecting RR 3%s A—
N
121%
117
121%
117
;
¥
—-1975
Y
N
107
103% 105%
ill
114
2%S debs—.-—1964
Lake Shore
^
109
107
1985
Pittsburgh Cine Chi A St
Series D 4s guaranteed
Beries E 3%s gtd
2013
D
105%
—1947
Phillips Petroleum
2013
C
series
/
-
imDt
mtge 3%s
:
J07% 110%
1st s f 4s
1937
deposit-—————
impt 4%s series A
Ref
i
101
108 J/2
deposit—-—
River
106%
""""""100?
15 A Philippine By
ACortificates of
&
Hud
L26
3%s
1954
series
105
1960
1956
&
&
-
deposit
deposit—.
105% 106
■
Philip Morris Ltd deb
Ref
Cent
100
107 J/2
3s
Central RR 4s series A*—
Y
109'/4
109
Ref
N
106
1107% 108
123%
A Income
v;
5'As series A
5s
—
115 %
1956
of
105%
-———-—--1948
4S
Gen mtge 3J/8s ser F_
peoples Gas L & C ref 5s
Peoria & Eastern 4s ext
deposit
4'As series D
A Certificates
A 1st
11001/8
1IO6'A 107%
gold
deb
Conv
■
deposit
C
series
112% 113
125% 125%
112%
112%
1954
of
Certificates
A 1st
1953
B
A Certificates
A 1st
1952
gtd 4s
110%
& Mexico Ry—
5s series A
1935
inc
series
1st
106
as
ACertiiicates
A 1st
N
1983
O & N E 1st ref & imp 4%s
New
107%
108
11948
Cons sinking fund 4%8———I960
General 4%s series Au_1965
General 5s series B——
1908
General 4'As series D—
--1981
Gen mtge 4%s series E—
*-1984
i
1965
Gas
3s^
103 %
tANcgatuck RR 1st gold 4s
tANew
105
104%
sterl stpd dollar— .-May
4s
Prod
107%
106% 106%
105% 106
110
Ccnso1
Dairy
104 7/8
1105% 106'A
.
"
Pennsylvania RR—
Nash Chatt & St
108%
105%:'
ctfs———1952
Pennsylvania Glass Sand 3%s—*.-1960
Pennsylvania Ohio & Detroit RR—
1st & ref 4'/2s series B——1981
1st & ref 3%s ser D—
1968
77
86%
741/2
69 J/8
1968
Mutual Fuel Gas 1st gtd 5s
Nat
102%
105%
—-I960
5s_1949
Pennsylvania-Central Airlines—
3'/2s conv inc debs
Pennsylvania Co—
Gtd 4s series E trust
103
1955
3Wis
Materson & Passaic G At >1 cons
1061/2
101 J/2
96
2000
1955
A_
& T
IOO1/2
1100
—1958
4%« series B
Mountain States
105%
104%
1966
1951
ext_
Morrell (John) & Co 3s debs_
Morris & Essex 1st gtd 3%s
101
105% 106% '
Ref
Panhandle East F L 3s B
Moh'k & Malone
:
mtge 3yis series C—
——1968
Paducah & 111 1st s f gold 4%s——1955
1991
1968
I
106%
Pacific Tel & Tel 3y4S.series B—1966
1980
5%s
gold 5s series H
&
series
1st &
95'A
—1981
&
a
gold
95
59%
73
1978
a 1st
1st
72%
33
1949
G
101% 101% ;'5
—vV
gold 5s——-1946
Co—
1973
ref 5s series F
a 1st
1st
Electric
&
mtge 3%s series I
1968
ref mtge 3s series J—-*.—1970
1965
-
&
Gas
& ref
.1977
A
series
4s
1st
Co
Coast
Pacific
^Missouri Pacific RR Co—
-
:
99%
99%
99%
106
125% .125%
THE COMMERCIAL &
2168
Monday, November 5, 1945
FINANCIAL CHRONICLE
NEW YORK BOND RECORD
Friday
ON D »
El
F-A
—
-1957
4s
It-N
--
M-S
—
——1956
1968
Terminal 4s
Public Service El to Gas 3 ¥48
1973
mtge 3s
i ist & ref
__
109 %
J.J
to ret
to
jtf-N
_2037
J.J
-2037
J-D
mtge
ret
—
"
5s.
mtge 8s.
1st
1st
„
__
94%
101%
A Spokane
104 %
108%
Stand
113
Standard
113
16
103%
109%
110%
107%
61
61
F-A
105
105
1
J-D
103'A 104
37
1959
1958
1981
J-D
106% 107
8
1965
61
2
66%
57
103%
103
105%
106%
105%
107%
M-N
106% 106%
5
105
106%
M-N
104% 104%
5
104%
106
M-N
102% 102%
29
101
102%
J-J
110% 110%
4
110%
112
106%
108
1
125
130
108%
155
160
224%
245
100%
102 % 102'A
■"";
■
Apr
Sunray Oil Corp 3% debs
Superior Oil 3 Vis aebs
Swift to Co 2%s debs
43%
,25
103 %
102%
& Transmission—
Gas
pipe line 3s
KR
of
Assn
Louis—
St
1853
impt mtge 3%s series B—1974
Imp M 4s ser C
2019
refund s f gold 4s
Gen
„
No.
'
5
Range Since
January 1
Low
High
Sold
Low
1961
Oil N J deb 3s
1st mtge
J-J
Bonds
Friday's
or
Rid to Asked
Internat 1st gold 4%S—2013
2%s debs
1968
of Calif
Oil
Tennessee
.1964
Last
Sale Price
High
Terminal
Quaker Oats 2%s deb.
Exchange
High
.
1
"113
31
31
"98 Vi —
109 % 10914
"107
108%
—
' —
"24014 245
Interest
Period
York Stock
New
Low
No,
"100% 102
105
105
—
J-J
-1977
Providence" Securities
t A Providence
.
J. J
-1966
M 3%$.
1st
Pwr
mortgage 3%s_.
lst
1A
-1964
lnc deb
5%
jplttston Co
Potomac
Sale Price
Range Since
January 1
Bonds
Sold
or Friday's
Bid to Asked
High
Low .
Last
Period
Friday Week's Range
BONDS
Week's Range
Interest
Exchange^
Vork 8tock
New
1 '•
FOE WEEK ENDING NOVEMBER 2
RANGE
Ref to
Ref &
J-J
_
„
-
130
130
J-J
Tfcxarkana & Ft Smith 5%s A
A-O
105
109%
103%
108% 108%
103% 103%
7
A-O
4
103%
107'%
1968
M-N
106
106
106%
17
105%
108%
2000
J-D
137%
136
>4,137%
2
130
150
of New Orl 3%s__1974
J-D
102%
103%
102%
106% 106 %
27
107%
Texas to Pacific
106%
"106
—
106%
J-:
107%
Texas Pacific-Missouri—"
1st gold
Pac Tenn RR
104% 108
103
105%
"107% 107%
for 1945) due_1975
Revere Copper to Brass 3%s
1960
tIARio Grande West 1st gold 48—1939
A 1st cons to coll trust 4s A
1949
Rochester Gas to Elec Corp-—
Gen mtge 4 Vis series D
1977
Gen mtge 3%s series H
—1967
Gen mtge 3'As series I
1967
Gen mtge 3 Vis series J
1969
*f AR I Ark & Louis 1st 4%s
1934
tARut-Canadian 4s stpd
1949
Jf ARutland RR 4Vis stamped—1941
(4.7%
mtge
Oen
F-A
1959
3s deb
Company
debentures
3s
_
Reading Co Jersey Cent coll 4s
1951
Remington Rand deb 3'As———1956
Rensselaer & Saratoga RR Co—
1950
Texas
R
rp..v,,
M-N
"103%
—
J-J
74
M -S
71%
74
"125%
__
M-S
Third Ave
110
79%
62
109%
—
M-S
M-S
"108% 110%
—
59 %
J-J
—
J-J
23%
51
24'A
60
2d
(y
30
-
—
0
A-0
34-year
81
--
4s
lien
A Prior
1955
?
J-J
\
$J A 1st
51
1967
51%
47%
48%
28
36'A
50'A
ACtfs
of dep
ACtfs
of
A-0
M-N
1st
Gen
Line
4s
mtge
of
4Vis
mtge
All
tAoeaboaru
Skelly
2%s
22%
22%
104%
J-J-
102% 102%
2
101%
102% 102'A
6
101%
74
77'A
49
5
101%
4
105%
1979
J-J
1985.
F-A
126
130
"107% 108
—
107%
50
101 Va
M-S
104'A
103% 104%
146
92%
M-S
101%
100% 101%
127
85%
Pacific
tr 1st mtge 2%s
M-N
—1981
1st
Term
RR
33/4S
series
series
C—
229
85
144
84
9
105
100'/a
72
100
95
98%
102
inc
ser
Telegraph
102
102
102 %
9
100
102%
105'A 106%
104
100
106%
102
103%
"102% 103%
—
—
102
3
116% 116'A
116%
J-D
"105% 106%
--
—
103%
105'A
101'A
"103% 104
F-A
73'A
60
16
62
62
J-J
102
115'A
117%
106'/a
107%
106% 107
23
106%
110%
105% 106%
34
104'A
107 %
2
105 »A
108%
May
108%
107
108%
51
92%
M-N
109%
109% 109%
13
106'A
109%
J-D
106%
106% 1067/8
30
105
108
M-S
107%
107% 108 %
40
105'A
108%
101%
103 %
106%
A-O
105% 106
Cc—
1950
1951
1960
1951
2361
2361
1949
1st 4s guaranteed
100
90
102
"102% 102%
M-N
J-J
J?-
88'A
89
97
J-J
83 %
83
84
87
114
90
77%
74
1
109% 109%
M-S
1992
M-S
1958
1960
A-O
"105%
J-J
"117%
87
110%
109%
M-S
1970
&
Co
1st mortgage 3s
S B 1st
4s
Wisconsin
Public Service
107
103%
105%
__
115
117%
81%
44%
82%
44
84
44%
82 3A
64
95
76%
79%
M-N
106 Vi
A-O
"2
49:%
42%
105%
108%
109
106%
108%
"108
J-J
92%
19
20
"43%
1968
1971
3 Vis
104%
—
105% 105'A
J-J
—194f
Elec Power 3'As
a
99%
100%
J-J
104%
104% 105'A
26
104%
104%
104 Vb 104%
130
103%
110%
104%
1994
J-J
132%
131
132%
A-O
105%
105%
106
40
123
sale not included
delivery
Deferred
not
tThe price represented is the dollar quotation per
Accrued interest payable at the exchange rate of $4.8484.
SNegotiability impaired by maturity.
132%
pound unit of bonds.
116% 117%
14
Devel
&
gen
6Vis
1956
A-O
120%
119% 121
12
114%
122
Mem
Div
gold 5s
i996
J-J
125 Vi
125 Vi 125 Vi
1
116%
125%
•Friday's bid and asked prices;
1951
J-J
107 Vi 107%
16
106
109%
A Bonds
-1956
1958
A-O
116%
128
95%
106
111
In the year's range,
d Ex-interest,
e Odd-lot sale
sale not included in the year's range.
rCash
in the year's range,
n Under-the-rule
included in the year's range,
y Ex-coupon.
Included
105'A
J-J
gold 4s
84 %
37
Q-M
1952
1977
A—2014
6s
1st
28
107
J-J
1st 4s
5%s series A
gen
Div
5
93 %
J-J
&
Louis
95'A
92%
F-A
1966
series I
&
St
106
95
93%
Apr
J-D
Devel
1st
103%
104
106'A 106%
1996
4s series A
18
105%
106%
Devel
gen
110
105
F-A
Wisconsin
101%
101% 103
106'A
.--1986
1st cons gold 5s
Ry
100% 101'A
102%
A-O
1961
B
3%s
101'A
108% 110
105%
M-N
1967
Union
Co—
A___;
ser
101
M-N
1950
4s
123
10
110
A-O
S ASu to Du div & term 1st 4s—1930
ACertificates of deposit
101%
1969
Fran
104%
118
1
M-S
(A Wisconsin Central 1st 4s
ACertificates of deposit
105'A
1968
Gold 4Vis—
103 %
__
122
122
J-J
A-O
Vis
Winston-Salem
102
1977
Gold 4%s
101%
"103%
M-S
1970
Pacific 4Vis
-ii
(Oregon Lines) A
115%
100%
30
101% 101%
101%
M-S
1955
Maryland
ref
to
Wilson
110%
101'A 102
101%
109'A
112%
Wheeling Steel 3'A series C
107%
"129
109%
Wheeling & Lake Erie RR 4s
Gen & ref M 23As series A
102
106% 106%
—
104
—
102%
Registered
80
66
101% 101%
101%
107%
98%
__
gold 3%s__2000
Power 3Vis
West Shore
Tel & Tel Co—
4 Vis
Southern
76
3
74%
104 V2
"115%
A-O
Funding & real estate 4%s
25-year gold 5s
30-year 5s_
Westinghouse El to Mfg 2V8s
103 %
F-A
4
—
"114%
i9bo
3'As
Western
103
102%
106
debs
5 Vis
Western
105%
J-J
107
106
Apr
4s.
mtge
Co
mtge 3
Penn
1st
99%
4
—1963
Souiuern Pacific Co—
Southern
99%
15
1941
debentures
1st 4Vis
120
1st
Petroleum
Western
100%
377
1961
2%s debentures
Gold
99%
West
101
77%
A-0
3s
78%
Co
Baking
Gen
74%
53%
81
—
--
27%
Pn'ifh
Southern Bell
70
76
J-J
RR gtd 5s
74
99%
22%
J-J
& Nor Ala
52%
105% 105%
,——1965
debs.
25
69%
77
F-A
8ocony-Vacuum Oil 3s debs——1964
Oil
69%
M-N
ctfs—_1938
23/4s sinking fund debentures
t5 A 81 lest an-Am Corp coll tr 7s
68%
—
103%
F-A
Washington Central Ry 1st 4s
1948
Washington Terminal 2%s ser A—1970
Westchester Ltg 5s stpd gtd
195U
74%
136
15
"102 '/a 102%
__
1981
1991
1971
4s
Warren RR 1st ref gtd
54%
53%
"96% 100
__
99%
A
39%
39%
16
69%
70
A wi
6s
31
116
68%
105%
M-N
1995
(subordinated)
Warren
53
52%
M-S
Seagram (Joseph E) & Sons 3%s_1965
Smell Union Oil" 2Via debs———1954
53%
52%
69%
Bank) —
1933
Ward
119%
52
68
106%
107
2
105
A-O
.—1958
5s
inc series A
mtge inc 4%s series B
mtge 3'As ser B
1st
120
51%
52%
M-S
f 4s series B
Walworth
110
39%
"51
104%
104
105% 105'A
__
105
M-S
series A—1955
1957
RR cons g 4s
s
mtge
Gen
114%
86%
41
I
102
W
133
86
A-0
wi
ser
Fla
130%
89%
1U% 112%
1955
1959
3%s debs
Pictures
cons
Gen
62
87%
A-0
27
105
101'A
11
104% 105 Va
104%
A-0
M-N
105%
__
103
101% 101%
101%
35
20%
31
Wabash RR Co—
114%
40%
--
J-J
__
34%
34 %
"103% 104
__
1971
1st
100%
104%
"132
—
deposit
RR Co—»
A
ser
45
49
105 %
J-D
95%
72
114%
A-O
1940
(SAAtl to Birm 1st gtd 4s
Air
"
112
(Chemical
dep
72
13
11
47%
F-A
(Guaranty Trust)
ACertificates
80%
93
__
A
series
6s
78%
92%
(Chemical Bank)—
dep
-
97%
87%
"112
J-D
JAReiunding 4s
——1959
ACtfs of dep (N Y Trust)
of
2
90%
grant 4s
Virginian Ry 3s ser B
116%
108
29
115
xll3
115
90%
195o
—
"110% 111'A
J-J
1947
5s
A-O
1970
Cons
70
36%
1950
113'A
II
105%
M-N
Virginia Electric & Power Co—
1st & ref mtge 2%s ser E:
1975
Va Iron Coal & Coke 1st gold 5s__1949
Va & Southwest 1st gtd 5s
2003
-
stamped
A Certificate of deposit
Seaboard
71%
.16
79%
IA 4s gold
>,.
51
719
92%
(Seaboard Air Line Ry—' i
y 8 a 1st gold 4s unstamped
ACertificates of deposit
•
165
49%
J-J
cons
69%
68%
J-J
4%S-___1941
St Paul Union Depot 3Vis B
1971
Scioto VANE 1st gtd 4s
1989
ACtfs
66%
67%
J-J
»A8t P to K C Sh L gtd
A 1st
48
67%
to unifying 5s
1952
gold 5s series A—1990
1st cons gold 4s_1968
term
22
47%
M-N
1988
110
M-8
F-A
1945
United Biscuit 3%s debs
68
64%
49
—
Paul to Duluth
Bt
48%
48%
A Gen & ret
'
749
69%
Nov 1989
inc bond ctfa
4s
65%
63%
__
fSt Louis-Southwestern Ry—•
1st 4s bond
certificates
A 2d
92%
M-S
1978
series A
d Certificates of deposit stpd
M 4 Vis
106%
60%
99
5
J-J
deposit
or
ACertificates
A Cons
105%
—
103%
95%
63%
65
_
——1950
103
"94
3%s deb
Vandalia
5s series B
lien
A Prior
101%
J-D
,94%
104'A
97%
*
95%
—
deposit—
of
96
98
J-J
——1950
A
ser
ACertificates
to land
Universal
Francisco Ry
Louis San
105
35-year 3 Vis deb
96%
79%
95
"94
—
1st
103%
M-N
Mt to P 5s stpd
L Rocky
18t
102%
102% 102%
Pacnlc KR—
106%
102%
—
ACertificates of deposit—
St
1
J-D
1970
tSAUnion Elev By (Chic)
104%
16
106% 106%
"103
—
J-J
1933
45%
.1971
Union Electric Co of Mo 3%s—
Southern-
stamped
48
8 A 1st
.
J-J
1996
gold 6s
t8t Louis Iron Mountain &
River to Gulf Division
84'A
356
U
27
17%
24
22 Vi
106%
A-0
—1990
48
51
75%
16
15
59 Vi
59
"21
Uniun
1st gold 5s
87
48'A
108%
108% 109%
2%s debentures
Lawr to Adir
86
50%
110
Union Oil of Calif 3s debs
Bt
86
A-O
Ry 1st ref 4s
In come 5s
108%
M-S
Baguenay Pwr Ltd 1st M 4Vi8——1966
St Jos to Grand Island 1st 4s
1947
11
103% 103%
J-J
1960
Jan 1960
Tol to Ohio Cent ref A lmpt 3%s—1960
Toronto Ham to Buff 1st gold 4s—1948
Trenton Gas to Elec 1st gold 5s
1949
Trl-Continental Corp 3% debs
1960
A Ad)
—
"108
—
98%
6
30
107
106
__
A-0
—
5s
(Companies reported as being in bankruptcy, receivership, or
the Bankruptcy Act, or securities assumed by such companies.
118%
selling flat.
no
not
sale
200-
reorganized under Section 77 of
sales being transacted during current week.
«•
NEW YORK CURB EXCHANGE
WEEKLY
in
lootnote in
a
In
Oct.
the
27,
fud week
deffrred delivery sales
the
in
which they
and
ending
the
account is
furnish
Friday
Curb
complete record of the trans actions
(Nov.
2,
Last
Range
Sale Price
;
It
1945).
any
dealings
is
compiled
the New York Curb Exchange for the week
on
from the daily reports of the Curb Exchange
FOR
WEEK
ENDING
„
Frldaw^T^Week'a
STOCKS—
for Week
of Prices
New
Shares
beginning on Saturday
itself, and is intended to include
-
NOVEMBER 2
Sales
j
weekly range are shown
have occurred during the current year.
RANGE
Week's
Friday '
Exchange
RECORD
YEARLY
taken of such sales in computing the range for the year.
•
«TOCK8
York
a
bond, in which
or
'
-
New
we
present
security, whether stock
every
No
occur.
following extensive list
AND
In the week's range unless they are the only transactions of the week, and when selling outside the regular
are disregarded
York
Range
Last
Exchange
Curb
'
SahfPrice
Range Since January 1
of P '
Sales
for Week
Range Since January 1
Share*
■
"
Par
ACF-Brill
^cme
A
D
Aero
Motors
Wire
F
co
warrant*
6%
common
"
Co
Supply
Class
Low
6%
29%
29
30
—_5
12%
12%
500
12%
5%
140
For
footnotes
see
*.,
_
page
2173.
27%
Sep
10%
Feb
13,200
;
„
1 *
17%
18
lr»%
la '/8
14%
Jan
800
■
5%
18
1
2%
7% May
32
Apr
13
Oct
22% May
Jan
3Aug
6
Nov
Y~~
1,300
t>0(J
Air
Investors
Convertible
Aireon
preferred
9%
11
Jan"
19%
Aug
16
Electric
Alabama
Grpat
Power
$6
Oct
..
Co
$7
—
preferred—
preferred
Alles <te Fisher common
ih ih
2'A Mar
4%
'
Low
■
36 VA May
7%
-50
10^1/2
117%
y
>
High
4%
37V4
Nov
Apr
Oct
5'A
Jun
11%
7
11%
7%.
3%
Jan
7%
123
125%
99"%
Jan
132
115'A May
118
Oct
Jan
110
July
10%
11
3
Appliance
Southern
4%
.
10
_50c
Mfg Corp
Air-Way
2
L
common
v
Low
Par
High
-
Alabama
19%
B
Ainsworth Mfg common
Air Associates li.c 1« j
LOW % '■
-
6%
IIlO
1
Mfg class A
•
High
:!■
117% 117%
106
:
10%
15%
300
6%
Apr
10'A
Nov
July
Oct
Volume 162:
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4435
NEW YORK CURB
A'.'
Friday
STOCK®—
York
New
-
Sale Price
•
Allied
Int'l Investing
ttuica
fruaucts
-Week's
-•
Last
Exchange
Curb
4
•
J Sales
'"""
New York
Shares
Low
47 %
Low
49
60%
Jan
11%
6%
60%
Nov
550
112%
Jan
1,900
19%
Jan
21
Ltd
250
Book
.
3%
Cities
Convertible
Class
107%
57
18 V4
Mfg_
Power
Nov
26%
Jan
120 %
Nov
Jan
Jan
Oct;
Cable Eleotric Products
Feb
\ 24%
110% July
Voting
Cables
46
4,400
9,100
51 Va
Calamba
Sugar
600
11%
Sep
Callite
Oct
Camden
25%
Jan
Jun
46%
47V*
6%
A-
7%
.
Fire
Canada
Bread
Cement
1
Oct
2%
Oct
Canada
Aug
52%
Sep
Canadian
600
48%
Jan
42 Va July
4
Jan
7% Nov
.
Participating
Canadian
American
Fork
Gas
4% %
convertible
Hard
Rubber
12%
13
100
American
Laundry
American
Light
45
6%
preferred
American Mfg Co
;
common
Maracaibo Co
American
45
27
43
23%
23%
Potash
American
v
i'
—
voting
—
Amer
1st
preferred.
$6
-
$6 series preferred—
5%
American
Thread
American
Writing
Anchor
preferred
Paper
common
24
—
Apex-Elec Mfg Co common
Appalachian Elec Pwr 4%#>
Inc
pfd
Capital
Feb
Carman
Jan
13
Common
41%
Jan
49 V2 July
City
&
A
•
243/a
24
25
16%
17%
Carnation
Carolina
Co
—•
common
P & L
July
27
Nov
Carter
650
32%
Jan
435/4
Oct
Casco
9,400
17%
Jan
26%
Oct
Castle
(AM)
Apr
293/4
Jun
Catahn
Jan
89
Nov
51
1,400
89
4V4
,
,
(J W)
6c
Corp
Central
$5 pfd——-—*
Co
Gas
Hudson
Jun
Central Maine
Sep
Central
41%
Jan
53%
Jun
Central
11%
Sep
16% Mar
Central
Power
Central
St South
15%
14,900
9 Va
600
4%
Jan
50
Yorx
New
com——•
pfd
v
199,300
130
%
Jan
200
1%
1%
1%
120%
Jan
130
American
pid—100
1
Proaucts
Jun
SCent States Elec 6%
7%
Aug
preferred
Atlanta
Tel
Jan
5%
Oct
Conv
Atlantic
5%
Jan
3%
Jan
4
91/4
7%
1,600
1,300
10 %
Apr
75/a
17% Aug
4%
36%
5
13V4
90
111 Va
Jan
6,100
14
20%
7%
Jan
Jan
3%
5%
2,800
5%
5Ve
5%
15,400
3%
37
Oct
114% Mar
14%
10%
1,700
10 Va
Oct
110%
Feb
26 Va
23
26 Va
6,000
400
~9%
11%
11%
103/4
11
11.1/2
37,300
13,700
13
7%
6,100
17%
17%
9%
100
Cnaris
2'/a
2%
12,700
Consolidated
.100
-10
Nov
15
Oct
2%
Oct
ll'A
1,225
10%
11%
26,400
7 Va
Aug
Aug
11% Nov
83
76 Va
425
58%
Jan
85%
15,800
2%
Jan
17%
Jan
27%
83 *
6%
6'/a
1
24%
24%
25%
1
14 Va
13
•
10%
;
Machine
& Sons common
7
3
Jan
7
451/2
Co
Jan
5%
10%
Nov
100
10 Va
Jan
20%
Oct
23
Jan
20%
Oct
16 Va Mar
28%
Oct
27%
28%
12
75
28
800
Columbia
-i,
45 Va
48
29%
4,600
421/4
500
14Va
151/4
2,200
"4*
8
40
Jan
48
■
Nov
43
Jan
Apr
15%
Aug
10 Va
20
105%
I
^
4%
vco
3
9,700
Briilanca
Bell Tel
&
Nov
12%
Oct
Feb
7%
8
10
—
Blue
800
18 %
Jan
43
Nov
3,400
18%
Sep
20%
Sep
474
145
30
36% Mar
3 Va
3%
20,800
18%
& Mach Co com
375
lOVa
15%
$5
<E Lj
Silk
1,900
51
Jan
50
56
Nov
56
$5
Bunker
Burma
Burrv
3
Butler
&
15%
Jan
28%
For
H)
-
25%
Jan
Jan
y 13%
138
110% Mar
Oct
Nov
Oct
,144
Jun;
Oct
14%
12%
14%
6,900
8%
Jan'
10
11
1,500
9
Jan
24%
25%
250
14%
19%
11
■
>
Nov
Oct
25 Va
Jan
Jun
9%
Jan
34
Nov
140
—
17'A
2
58%
130
110
Jan
144
50
32
Jan
39
Oct
12Va
Jan
17%
Oct
8,600
%
Jan
2%
Oct
800
34%
Sep
135
140
39
39
17%
17'A
200
2 Va
2
CO
57%
334
43/8
2,600
2174
203/4
22 3/4
5,300
29
21%
22
2,400
15
Jan
6
6,000
5%
Jan
22
,53/4
6%
7'A
3%
800
25
22%
6
Feb
10%
5%. Aug
17
20%
Mar
31
•
63
2% Aug
33A
574
3%
Jun
35
20% Aug
—
23%
Sep
Oct
13%
4%
Feb
22
5%
3
2 Va
21
33A
Jan
100
5 Va
.4%
44
44
7%
13%
5
11%
99
97 Va
4,900
19,400
53/a
46%
f
99
/
'■
71
Jan
2%
3%
24,000
16%
350
23/4
4,300
1
41
43
17%
15%
17%
&
80%
Jan
7V8
2,500
79 Va
2,900
67'A
Jun
37%
Oct
3%
Nov
110
116%
2%
Nov
43% Mar
17% Nov
Jan
Oct
81
f
Sep
XI8V4" Jun
116%
106% May
40
16% Nov
r.
Jan ^
114'A
Oct
Oct
201
;
Jun
43
.100
46%,
Feb
50
2
2%
y
21. Jan
113/4
Oct
y c 5% Nov
y; Jan
15%
3%
24%
1/64 Jan
27 %
450
Oct
6V8 Feb
Oct
4
1,170
286,700
32
36
13%
I
34% Mar
1,850
■
Jan
Oct
Oct
8
.
3% Aug
8
May
3,300
.23%
80 %
Nov
Oct
lOVa
6,100
5%
Apr
lO'/a
66%
550
43 Va
Jan
67%
Oct
233/4,
22 %
24
4,100
8%
Jan
24
Nov
18,600
2Va
Jan
Textile
Aug
13,500
4%
Jan
8%
Nov
8,200
133A
Jan
2674
Nov
108%
430
102
Sep
113
Apr
800
15
Jan
29
Nov
108
106
26
12 Va
—50
1
113/4
1 Va
-4%
1
23%
-
4%
105
Petroleum
convertible
S%
16%
8%
26%
—
preferred A
Cosden
"ill
common
prelerred
"4
.50
40
—
3%
38
29
12 3/8
7,200
1%
16,600
23%
<:
4 Va
2
Jan
5
Oct
84
Jan
109
Feb
*"
40 %
—-—
Oct
Oct
lO'/a May
28%
29%
11,100
24
Aug
2%
2%
2%
20,100
1
Jan
31% May
2% Oct
8
July
7% Mar
1174 July
13
8
17 Va
6
5%
13%
6,000
8%
*4,700
-500
18'A
6
15
Atlantic
68
69
50
27%
26%
28%
-9,300
22%
21%
243/«
10
11%
common
14'A
15
—
300
37%
34%
37%
37
36
37
12%
11%
12%
4,300
13%
9%
13 Va
Apr ■/
26,500
12
Oct
-
72
Apr
■
31
24%
i Aug
Oct
Oct
Oct
Jun
July
Oct
11%
Oct
15lA
474 Mar '
10 Va
Feb
32
6V»
Jan
22% Mar
600
14 %
32
3,900
10 Va
•
common——
2»/e
1.1U0
~2~5Q
Sugar™,
Tobacco
6
—10
.-5
Cuban
Cuban
~5%
"5%
Nov
6%
Jan
25 »A
•
13%
19%
Jan
3Va
7,600
—25
Oil Refining common
$0* preferred
Lighting Inc
Curtis Mfg Co (Mo 1
12%
8%
1250
preferred—
Curtis
8Va
5
common
convertible
4Ve
40% Nov
Jun
32
1,250
.
29 %
—*
Cork International A
Crown Drug Co
I
2'/a Aug
15,300
5
(ord reg) -£1
Co
Crowley Milner & Co
Crown Cent Petrol (Md)
Crown
Nov
1,800
30
4%
105
1
dep receipts
Petroleum
Brewing
Oct
23 %
14% Mar
100
Oct
1%
Jan
i7«
'
American
Croft
12%
63A Aug.'
Courtaulds Ltd—
Creole
Nov
1,800
7%
24 Va
100
—
Reynolds
&
Con xm
31%
313/4
8%
Co
Co.
Range
29 %
5% NOV
26%
3l->/4
28
preferred
prior
5%
.-1
Corp-——-
Co
Fdy & Machine Co
Continental Gas St Electric Co-
Continental
7%
3%
5%
.106
Steel
Consolidated
Consol
st
Apr
Oct
11
10 Va
1,100
11
41
*
55%
39
41%
24
'
/
20
4,400
7%
9%
Nov
Denmson
Sep
4%
;
100
9%
Oct
45
13%
13%
100
33
1,200
10
•
9%
13%
*
,
31%
•
105 Va
*
17%
2.0O
I
rets
&
6%
Feb
Detroit
Gray
Iron
Sep
Detroit
Mich
Stove
Steel
2V4
20%
Jan
31 §2
Oct
111%
Jan
120%
NOV
105 Va
17 Va
'18%,
9V4
6%
6%
.
10&
6%
.200
•
:
Jan
3
Jan
4%
Jan
105%
Nov
18Va
Oct
Jan
1%
48,100
48,000
Nov
10%
4,400
2V4
11%
2
11%
1,700
—20
1
Products
6,658
105
—100
*
1
Mig
Nov
5,100
25c
2173.
Gasket
14
3111
12%o
common—
Detroit
10 Va
45
118% 120%
25
Sullivan
86 prior preferred
debenture-.—..—.——.
8%
Devby Oil & Ref Corp
Jan
Power—
Corp
ft
Mfg class A,
Jan
Mar
7
,
De
Diana
Am
Divco
Foundry
Co
common—
common
preferred
Co
dep
Ltd—
rets, ord
,
reg
Corporation
Dobeckmun
Co
1
10
10
10
—1
Stores Corp
Distillers
23A May
Oct
preferred—
Vilbiss Co
7 %
llVJJov
7
290
1.
44
Oct
Jan
37%
Nov
4OV2 Mar
y 35% Feb
12%
common
,
5'A
Apr
Jan
NOV
Oct
82
....
Apr
100
138 &
w
Apr
142 V4 May
13
Oct
II
13
34,400
8
Sep
17%
1274
18
300
16
Jan
18%
Apr
20 3A Aug
21%
Jan
4%
Nov
21%
4%
10
21%
50
4%
-4%
14,600
9%
10%
4,600
,
IV2
Jan
5%
Jan
lOVa
'
Oct
Sep
34%
35
200
27
Jan
37%
36
35
37
120
25%
Apr
38
10 Va
Feb
12%
o-.t
15%
15
15%
2,500
13'A
Oct
15%
Oct
Oct
;
——£1
18%
18%
22 Va
22 Ve
49%
50%
:
18%
Oct
18%
200
22 Va
50
Sep
300
1874
1
.-J
7%
Oct
13%
'
Detroit
45
5
new
Class A
Jun
3,050
Jan*
22 Va
'
Aug
41% Nov
;
Sep
Feb
Jan
16,100
35
50c
common——5
50
25
Feb
1
...
Jan
convertible
Dejay Stores common
34
Jan
•
-«*
11
Apr
31
*
Davenport Hosiery Mills
Dayton Rubber Mfg——
Nov
6%
Sep
Jun
2,350
4 %.
•
common-
70%
200
22% May
Jan
20%
I
-
page
43/4
23%
T
Jun
19%
•
—
see
Jan
300
633/4
62
9%
Oct
19%
10s
common
footnotes
Nov
28 V2
.
"
D
common
& East
Jun
46
1,900
*
Crystal
May
Sep
22%
Jan
1,200
46
64%
Sep
Oct
4Va
Jan
8,700
19 %
9%
Oct
Jan
Jany
8%
3%
18 %
44%
66 %
"fi
Jun
l3/a
35 »A
3%
19
45%
.—1
Sep
2,300
Ltd—
Corp Am dep
(P
Nov
1,700
34
£1
—£1
preferred
Hill
11
•
10
130
Jan
\
Feb
5
Smelt Ltd-.
1
Consolidated Retail Stores—.
.10
Consolidated Royalty 01J---.—
Mining
Consolidated
Feb
27%
•
Mills Ltd
Biscuit
300
.
r
15% Oct
Jan
16'/a
Oct
48
'
Tobacco—
Co
preferred
57 Va
28%
—
preferred
1st
*5
Jan
23%
——
Distillers
Co
3Va
33%
1
-
Oil Co
Wire
Niagara
$1.60
4%
2774
•
Buckeye Pipe Line
Buffalo
Oct
Jun
5% Mar
55,400
I—1
—
prior preferred
Bruck
13%
136
1
Cornucopia Gold Mines
474
•
St Pwr
preferred
Bruce
13%
136
85
117
1,550
Nov
v' 1%
% Aug
28,800
Oct
Apr
138 Va
Sep
ll'A
210
253/4
141
/
Jan
34% Feb
350
.100
Coro Inc d—
56%
a.
dep rets ord reg—
Rubber
135/a
136
1
•
preferred series C
Consolidated Gas Utilities
22%
36 Va
56
4%
Brown
223/4
135
iV
4%
15% May
Jan
543A
•
J
Forman
253/4
15
Jan
14,700
35%
Nov
56
British Columbia Power class A
A
20
Jan
5,700
common
Fence 6c
Jan
Jun
21
Jan
16%
112
100
1%
&
Consolidated Biscuit Co
Consol G E L P Bait common
series B preferred
Copper
56
"1""*
I100
dep rects ord bearer
dep rets ord reg_—
Class
1,900
22%
28%
—
American
Brown
1474
21%
Oct
•
common
British American
Brown
14%
121 % 126
125
*
Sep
3%
Jan
26%
Jan
•
A
Amer
•
47:.;
13/a
35%
preferred
Cook Paint & Varnish
474
•
Celanese
5'A
15
10%
100
Conn Gas & Coke Secur common
Feb
56%
—
Co
50
——25
—I
1946
extended to
c
Jan
«
-
Corp common
Aeronautical
British
t
46 %
1
Bridgeport Oil Co
Am
V
46
14% July
10% Aug
550
20
14
1%
22
St Co
Brewster
British
__
27%
__
Brazilian Traction Lgt
Am
14
•
—
35?
Mar
50
5%
Jan
25
39%
1974
—25
Class
3% Aug
1,000
33/8
—1
Co common
Inc
Mar
30 Va Mar
8% Feb
ioo
variants—
Public Service
Community Water Service
Compo Shoe Machinery—
$6
(S)
Mfg
4%
35
__
I100
Brillo
4%
35
Scrymser Co_
Breeze
14% Aug
39%
1st preferred
2d preferred—
$5
Jan
Mar
43
1
common
Bowman-Biltmore
7%
9
300
125
20
1st preferred
7%
Mar
19
common
(H C)
Bourjois
106
39
optional convertible preferred
Conv
pfd called—
Borne
Oct
Jan
1974
Ridge Corp common
Bohack
14
115/4
43
1
$3
Blumenthal
—
—
8
Jan
85/e Mar
13'/2
100
common
(E W)
--
Oct
14
common
Birdsboro Steel Fdy
Blauner's
5%
400
20%
Apr
—10
preferred
Berkey & Gay Furniture
Bliss
15%
6,000
9Vi
Convertible
Bickfords Inc
-Mar
80
30 3A Mar
18
Aug
3% Aug ;
:
19,800
.
18%
7%
Feb
53/a Aug
1
—
common
Hedges
8
10
"lOO
of Canada
Benson
100
20
•
common
Aircraft
20
1
Shoe Corp common—
(AS)
•
600
Electric—
&
Gas
Community
40%
I
Ties
Inc
Mills
Beaunit
32
^
-10
Plow Co common——*
Development ordinary
—
Airlines
1
Colorado Fuel & Iron wrnts (new)—
Colt's Patent Fire Arms-.
»
2b
$3
1st preferred.
Beck
5%
14
14
1%
——-1
Co
5% preference —
Commonwealth & Southern
15V4
common
Brummel
—
Colonial
40%
Refrac»ries Inc
Beau
450
45
40%
Colon
191/4
1
1%
21%
10%
Cockshutt
1,900
Apr
Jan
I8V2
10%
1
common
Corp
(L)
Nov
Aug
18%
—
Andes—
Seelig Mfg—
convertible A common
Baumann
Oct
Apr
*
Jun
;18
138 Va 138%
138 Va
Club Aluminum Utensil Co—
&
Basic
18 Va
6 Va
»
Nov
Feb
14'/8
-30
Rubber
Steel
Controller
Clark
2,100
1,800
27%
28
1
preferred
Barlow
•
"*"*•
Claude Neon Lights Inc——
1
Clayton & Lambeil)
Cleveland Electric Illuminating
—*
Clinchfteld Coal Corp—
—100
104
Baldwin Locomotive—
$1.20
•
9%
25
Babcock St Wilcox Co
Barium
63
220
Jun
122 Va
y 17% Aug
170
21 %
21%
139 %
»
Jun
17
July
B
los
common
$6
19'/4
5
,
Jan
101
50
Corp_
%
•
de
1,410
f
Apr
'■■wC
65
Oct
«Apr
Oct
Co
6% preferred
Ayrshire Collieries Corp
7%
11%
107%
Jun
10
class A
Products
Baldwin
—1
Mining
preferred———
—
60c preferred B
$6 preferred BB—
City Auto Stamping
—
City & Suburban Homes—
10%
Apr
20%
NOV
120
AprJan
21
Oct
Sep
113/a
May
!l
-10
common
SChilds Co preferred
11%
Voting
Banco
corp
—5
Cherry-Burrell common
-25
Chesebrough Mfg—
*
Chicago Flexible Shaft Co common.
~4
Chicago Rivet & Mach.
——.
Cities Service
26%
8% Aug
213/4
21
7% July
7% Jan
82,100
'
22
Nov
/
33
.
12>A
118
< Feb
50:
6%
4%
Oct
July
13%
Jan
200;
4
17%
122
122
4%
Feb
ll'A
Automatic
(B F)
9Va
/
Apr
51
,
Jan
104Va
May
:
119 Va
>
i
Jan
170'
Nov
25
19
Feb
118 Va
'
105% 106
13%
Jun
113% May
16% July
NOV
,
33
•
Sep
8%
14%
»
24
—3
Jun
11
•
Automatic
Avery
11%
13
i
Jan
2V4
Line
Plywood
Jun
6
Jan
42%
1,500.,
19%
;— —5
Cessna Aircraft Co common
6%
Jun
5
100
6%
Jan
lO'/a
5%
£1
Atlas Corp warrants
Atlas
Oct
874
Oct
20 % May
5
Oct
Jan
300
36%
36%
13%
3
1,300
113% 114Va
114 V4
Fisheries
Coast
Sep
;
Mar
230
133/4
19
100
100
pfd opt div ser 29
400
Coast RR Co pfd—100
1
Coast
27%
xll%
; Jan
116
H%
—100
—
Va
5%
•
& Tel
Birm St
Atlantic
preferred
:
16 Va
A
100
pfd opt div ser—
10%
Associated Laundries of America
Associated
pfd.
Light 7%
Conv
18
7
5
2.50
dep rects reg
Jan
Apr
1
Apr
12
400
4&,vv49:,;;::,
.
13%
West Utilities——50c
Nov
36,600
8%
"7%
l3/4
135
&
40'A
401/4
5V4
5%
Oct
Jan
33 Va
39
9%
Electric Industries—
Associated
8%
174 Jan/:';;
350
•
100
5%
Power
Steel
Ohio
1
Elec
&
49
•
Power 7%
4%
40%
51
8%
Arkansas Power & Light $7 preferrea_*
Equipment Corp
Ashland Oil & Refining Co
5%
45,100
.
10
—
America
Jan
31
300
1
com—
Co
of
Jan
1%
26,200
39
43A
28
—*
Products———
24 Va
•
Aro
July
108%
1
Jan
6
*_•
54
Mar
14
8%
•
non-voting
Jan
—
class A
Co
18
10
class
preferred
6%
5
f
Apr
200
6
Products
Oct
8Va
43
Chief
Arkansas Natural Gas common
Oct
Sep
4■
—
17%
Oct
1133/4
51
15 Va
£1
1
•
100
1
Argus
Sep
23
25% Way
474
Chamberlin Co of America.
Angostura-Wupperman
Sep
Nov
Jan
Aug
38 J/4
i
Fence
Post
Anglo-Iranian Oil Co Ltd—
Am dep rets ord reg
10%
10%
<
12%
July
8V2
-a
—
-i
—
-
950
3%
3%
•
Beal-Kap common—:
Superpower Corp com
-O:
—
103/4xll%
43 Va
77 Va
89
-10
2
103
•
•
5
•
Republics
American
;
-
Jan
v
108 Va
5/yy
.
y
—
20
*•;
-
"
American
6% Mar
t
••w•
;
25%
—•
Chemical
&
Jan
31
425
r
46%
25%
43
.1
'
American Meter Co—
non
4% May
7% Jan
6% Jan
'
3% Oct
Alcohol—
voting
Class B
.—25
—
Jan
May
4
y
'
''■XX
/
preference——-
Industrial
3%
1
1
'
__
.100
47%" May
.20
25
25
100
Much
& Trac common
common-.
100.
Foundry Ltd—
Canadian Marconi
Xlll
400
13
26%
1
25
Co
Nov
17%
9,300
convertible preferred———1
$2.50
American
Oct
1%
32
1,250
42%
113
common—10c
preferred-
24
113 %
41 Va
10
100
Corp
47%
Jan
54,500
1%
23
.—•
common
Electric——
General
American
$2
Hoe
&
St
preferred
36% July
8,100
9
—
Ltd
Jan
~
if
&
American
47%
45
Cyanamid Co common
10
Foreign Power warrants-
•
Ltd
Co
Car 6c
/
3%1 IS/zibo'/
93/4 .10%, /> .7,800
12% ...4,5001
11
—8
—
prelerred
Class A
American
Co,
12
Jan
1%
-
9
1074
1
Insurance
2
500
;.
374
3%
-10
Corp„
200
.
3%
3Va
1
ii
Power——
Tungsten
44
22,900
33/4
3%
374
—£1
pfd
Estate
Electric
California
6% %
50
Class B
Range Since January I
Low
High
-
...
American dep rets 5%
•;
*ught—
at
class
American
.50o
Wireless—
'
60%
Mar
' ,?':V
'X*
.500
common—
certificates
trust
&
3%
1% Mar
160
20%
1%
1%
—
300
3%
56 Va
Co
L———...
Rights w
American
86 Va
150
117
*
Central
American
15%
2,150
120% *
108 % 109
American Beverage commonAmerican
-
21%
113
common
preferred™
Par
Shares
Oct
Jan
22
Industries common
Aluminium
*" for Week
Range
of Prices ;
Low
High
Nov
8V4
36%
115% 116%
prelerred——
Aluminum Goods Mfg
Aluminum
.49
Said*
Week's
Sale Price
Feb
Jan
29
750
48
Friday
Last
Exchang*
High
Aug
8,900
?
6%
Curb
Range Since January 1
High
57%
^
NOVEMBER 2
for Week
Altorfer Bros Co commonAluminum Co common
EXCHANGE
WEEK ENDING
y
Range
of Prices
37
—
FOR
STOCK®
$3 conv pfd
(Micro
RANGE
2169
11%
Jan
25% 8eo
600
20
Jan
52
Oct
THE COMMERCIAL &
2170
NEW YORK CURB
<
Dominion
Dominion
Dominion
Corp
Harris Co..
Draper
Driver
Apr
28%
11
Aug
15
Aug
May
73
Oct
86%
88
200
74
Apr
95
Oct
58
59%
150
72%
—
59%
.10
..
—
Duke Power Co
674
38%
Jan
66
Jun
84
Jan
98
Oct
Horder's
8%
dep rets ord reg
Hosiery class B common.
Test Corp
500
5%
2,100
8% May
3% Jan
14%
14%
1,000
11% July
Oct
14%
5%
preferred
6%
——
States Corp
Co
18%
Jan
42%
Oct
1%
Jan
4%
Nov
2,325
1,725
11%
2,600
1274
17%
19%
23
19%
69,000
600
95%
Jan
Jan
2,000
100% 101%
97%
Jan
70
Jan
50
135
135
~6%
9%
101
7%
5%
11,000
400
17%
17%
44%
42
44%
350
25
24
25%
3,900
13%
——I
13%
14
Nov
Sep
Oct
52
108 % May
Jan
3%
Nov
Jan
49%
Oct
7% Mar
17%
Oct
16 %
1,800
31%
.50
33
34%
1,800
5%
new
Association
Ford Motor Co Ltd—
/■•/.'Am dep rets ord reg—
Ford Motor of Canada—
;
Class A non-voting
43
25
33
Sep
Common
Jun
:
of North America
Co
of France—
rets bearer.
Co
Motor
Ford
dep
Amer
International Metal
Oct
Fox
Brewing.
(Peter)
Co
Stores
Froediert
Grain ft Malt
23
Oct
38%
Feb
97
Nov
11%
Oct
14%
Oct
International
Jun
July
26'A
Oct
3,950
14
10,100
120
65
56
6%
2,200
5%
25%
1,500
22%
26
(Geo A)
Co
$3 conv stock
—
4% convertible preferred ,
5% Mar
8
Oct
24% Aug
34
10%
7,700
3%, Jan
17%
4,000
10% July
17%
50
17%
Jan
29%
Oct
27%
28%
600
17%
Jan
29
Jun
81%
81%
20
55%
Jan
82
Jun
77
Jan
114
Jun
9%
109
130
111
Jacobs
(F L)
100
12
9%
10
Jan
•
10%
5,800
3%
Jan
11%
5%
7%
20,600
1%
Jan
7%
Oct
16%
400
13%
4,400
6%
Apr
14
10%
100
8%
Feb
10%
27%
900
27
159
106
170
159
20
106
14% Aug
4%
~474
preferred
Preferred
GilchriBt
Key Co common
Kidde
(Walter)
21
May
—
Sep
Kingston
Jan
Jan
107%
115
Klein
Oct
4%
Glen
107
21
Nov
175
100
19%
19%
100
111%
15
Gobel (Adolf)
Class
•
22
22
Goldfield
Goodman
Mfg Co
Gorham Inc
class A
Mfg
...
-
Graham-Paige Motors $5
19%
70
Jan
3% May
48% Jan
125
pfd
ft
Great Northern
%
7%
29%
11%
10%
18
17%
11%
18%
Jan
Feb
Jan
1%
600
14%
2,800
16
39%
134
14
Lamp Co
Bridge
1
37
Aug
20
Apr
12%
8% Aug
Hartford Electric
Hartford
Harvard
Rayon
20%
Le Tourneau
Lionel
Lipton
Oct
•12% -12%
12%
113% 114
117
127
Hearn
Hecla
Corp
Oct
Dept Stores
common
Loblaw
For
;
.
Jun
f
page
1,900/
30
7%
109
s
Jan
July
Feb
Oct
|
114% Mar
*
13 %
10%
Jun
8
12%
Oct
96%
Oct
300
55% Mar
750
85%
Feb
112 74
Oct
26%
900
19% Mar
26%
Nov
67%
5,700
19
Jan
67%
Oct
Feb
25%
Oct
400
9%
Jan
21
Nov
7,100
18%
Sep
22
Mar
200
18%
Oct
2174 Mar
21
18%
19%
19
10
ll%
3,100
4%
3,400
35%
950
8% July
Jan
13
34
Oct
~1%
38'A
"l%*
4%
Jan
35%
Jan
53»/2
16,500
1%
Jan
2
Oct
600
17%
Jan
42
Jun
5,800
~2
Jan
23
%
Jan
1%
Oct
Sep
40
~i%
1%
1%
23'A
23'A
23%
250
10%
10%
1,700
_3%
2%
3%
16,000
18%
18
13%
19%
15,700
18
18%
2,600
2%
Oct
Mar
Jan
24%
8%
Oct
1374 July
1
Jan
4y8 Mar
19
9%
Jan
5,850
6
Apr
950
27
Aug
33
Jan
62%
Jan
5%
Nov
5%
24,200
7
7%
2,600
10%
300
5%
j
■44'"/:':
7
.7%
Land
Corp
':■■;
&
Oct
6%
Jan
14%
Oct
Mapes
8"%
2,600
14%
35
15%
16
/
Jun
114
Feb
Jan
15
Oct
300
20% Mar
35
Nov
150
14%
16
Oct
Jan
Feb
Feb
116%
20%
20
500
6%
150
6%
11
11
11
100
24%
24%
26
1,800
Oct
25%
~1%
Jan
713574
81/4 May
6
6%
8%
1%
1%
Sep
75
Jun
Jan
Jan
7
6%
Oct
Apr
91/2
Jan
ie
Jan
1%
Oct
15%
Jan
6,100
100
21
21
—
26
77%
3%
500
Oct
Apr
43%
9
Oct
Feb
12
Jan
18
200
6,7
674
Oct
20%
Oct
5,300
68
67%
Aug
120
13
11574
52%
Oct
21
16% May
T
23%
100
23%
11%
12%
13
8,700
22%
Oct
14% Mar
24%
Oct
8%
Aug
Oct
13
99
—
600
Jan
100
Jan
9
Jan
14
Nov
15% Jan
23
May
1374
14
19%
14
20%
2,700
7%
2,200
3%
Jan
10%
1,400
8%
Jan
7%
7%
10
,
20
900
21
13% Mar
2574 Jan
774
Oct
;
11% Mar
22%
Oct
Oct
'
12%
75
1274
Oct'
'
9%
10%
1,000
4
-Mar
11
Oct
:
75%
90
48
Mar
80
Oct
;
38%
Oct
10%
35
36
X40%
1,150
37%
34,600
300
274
2%
2%
X4U%
.42
.
...
23%
22%
23%
! 800
20%
19%
20%
3,000
1074
-28%
14%
674 Mar
Oct
31
331/2
1%
Sep
3
Oct
28%
Feb
43
Oct
13%. Feb
23% .Nov;
~9
11%
6,600
14
Jan
21
Feb
30 74
^
Apr
Jan
11%
Nov
Mar
2%
24
27%
{:■
Sep
27V2
251/2
Oct
28%
'450
18%
Jan
3074
Oct
1474
6,900
10%
Jan
15
Jun
2
July
14
1%
.1,875
92%
2,025
8%
87 s
17,500
.1
99
91
IS
156,900
102%
90%
!i%
102%
«
Sep
85;.. July
80%
Aug
102%
9274
:
Nov.
Nov
8%
'!
38%
500
40
7
Aug
11%
Feb
t
109%
..1
\
•
31
179%
.
28%
176
2,300
4%
31
179%
1,400
,
40
Oct
11474
Jun
Q
Jan
41 %
Oct
32
Mfg
40
Co.
100
40
Internat Marine
Communication
Margay Oil Corp
Co
Ltd
-El
2% Mar
1474
104
Jan
Jan
474
31
179%
Oct
Nov
Nov
17
(Thei B) Co.
Consolidated
Marconi
1
.
3%
4
optional warrant*
Mangel Stores common
$5 convertible preferred
Manischewits
30
110%
38%
Oct
7%
Oct
14%
107% Mar
108% Mar
*
Exploration—
Light $6 pfd.
11
47%
15%
10
30
M
Manati Sugar
Jun
35
110
6%
Oct
29'A
14%
107%
20%
common
1,100
1,000
Nov
Aug
110
21%
preferred A ctfs of dep
preferred B ctfs of dep
46
14%
Oct
1974
18 74
108
110% 113
Long Island Lighting Co—
Common ctfs of dep.
Jan
3% May
Jan
Jan
107
110
Oct
1%
4%
Jan
4%
Oct
1,500
8%
5%
10
75
11%
104
Oct
8%
12%
32%
53 %
12%
13%
2173.
Jan
1% Aug
.10
Lone Star Gas Corp common
Lynch
m
see
Jan
3
300
•
•
A
22%
Louisiana Power ft
*
footnotes
3
2%
5
Class
Groceterias
10% Mar
14%
Class A
100
2'A
B
10
25
Locke Steel Chain...
f
Helena Rubinstein
Jan
Jan
57
400
51%
.1
(Thos J* Inc 6% preferred
•:
25c
Mining Co_
Oct
Jun
1% Aug
52
60
98%
99
Feb
29%
46
Jun
2974
100
70
96%
35%
•
Brothers common
;
'Oct
32%
m
116
74
Corp
47
8
1
Sep
Sep
3%
.20
140
^
non-vot com
X11274
20%
(R G) Inc.—
Jun
1
Co
of America B
24%
20
58
6
Development,
35% Mar
11
ctfs
100
4
..1
8,000
21%
8%
-10
Light!
voting'truat
Brewing
Hat Corp
Hazeltine
Ltd.
25%
11 %
.1
Line Material Co—
Oct
July
17%
Jan
50
-
44%
12%
Co
Jun
12% July
t
86
•
Paper.
15
12%
Oil
Leonard
Nov
H
Hall
Jun
Jan
Jan
1(J0
preferred...,.
preferred
Louisiana
Hammermill
15
12%
B
Prior
Oct
Apr
53%
6'
Hamilton
774 July
11
19%
600
134
44
21%
•
Oct
32%
200
Convertible
Feb
51 %
550
110% 115%
44
Products *common._2Be
Utilities $4.40 pfd
100
May
700
13'A
18%
—I
Co
Lefcourt Realty common...
Jun
Lit
Gypsum Lime ft Alabastine
Oct
69%
12'A
19%
Wells Co common—,
Class
Tea—
Grocery Stores
2,000
6% July
11% Jan
Langendorf United Bakeries class A..*
10%
1,100
Paper
13% Mar
Oct
32
20
20%
Lane
July
July
Jan
i.
39%
7,700
115%
3,550
.
.
Lakey Foundry ft Machine.
Lamson Corp of Delaware.,
22% May
7% Mar
800
26%
stock..
Nov
24%
Lake Shore Mines Ltd—j
Jan
47
Greenfield Tap ft Die
Gulf State
53%
15%
Pacific
4,800
98
62%
"
47
106
'
Non-voting common
7%
1st preferred...
22%
'13%
1274
94
(
Jan
1,100
14
51
28%
Varnish
Mfg Co
Grayson Shops (Cal)
Jun
109% 112%
Sep
71% May
Jun
•
2S
Gray
Atlantic
13
63%
Brewing
Krueger
6
103
63,500
I
j
conv
6»4
Nov
17%
67%
,13%
Oct
6,700
39%
.10
Grand Rapids
Great
1%
•
—
i
common
1
19%
32%
19
X30%
Jan
19% May
■/■'■■,/,my
■
preferred.-—
Gorham
—
Jan
Mar
2%
1
Kobacker Stores new common
21% May
24% Jun
103% 105
1
1%
67
Mines..—
Oct
Nov
52% May
13
Consolidated
Oct
41
Oct
17% July
7,700
class A
prior preferred
147/s
53
2 %
*
10
1
(I B)
Kresge Dept Stores—
4% convertible 1st preferred—
Jan
21
1,700
2074
23%
5%
116%
110
May
5%
5%
Jan
12%
B
$4.50
$3
19%
Inc common
Godchaux Sugars
Jan
52% May
20
_
Jan
109% May
:
Knott Corp common
Oct
Jan
20%
I JO
Coal
Alden
Jan
Mar
15
1
:
,
Emii) Co common
Rubber Co
(D
Kleinert
Oct
Jan
Products
Kirkland Lake G M Co Ltd
Oct
4%
13%
18
Corp.
3%
2,600
.5
100
100
.1
1
pfd B
Petroleum.
Kiibv
Oct
92
115% 11674
19%
Harvester
12,700
98
*
Oct
150
21
Gladding McBean ft Co
Gleaner
69%
•
Co—...
&
28
Jan
2%
,*
.,,
32
S
161
200
105% 107
20%
Co..
27%
1,500
loo
preferred
Inc.—
Kings Co Lighting 7%
5% preferred D
Jan
1%
1,500
Kokenge Co
.......
~
3% May
14% Mar
63
98%
100
10(1
*
Jan
101
300
4%
4%
21
Geoigla Power $6 preferred...—«.•
$5
preferred
•
Gilbert (AC) common
,<
300
•
Jan
18%
132
84
~3%
"3%
106
5
1
Ken-Rad Tube ft Lamp A
Oct
__
—
preferred
Kennedy's
Oct
10%
27%
1
Gen Water Gas ft Electric common
18
16%
12%
10%
159
28
25%
;
Kansas Gas ft Elec 7%
Sep
13%
1
5% preferred series A_
..—10
General Fireproofing common
—•
Gen
Jas ft Elec $6 preferred B
•
General Outdoor Adv 6% pfd
100
General Public Service $6 preferred
•
General Rayon Co A stock
•
General Shareholdings Corp com
1
$6 convertible preferred
•
common
500
8'A
K
Oct
~8%
J1
dep rets ord reg——
3,500
41
7%
Jersey Central Pwr ft Lt 5%' pfd__100
Gen Electric Co Ltd—
Amer
20
23%
Jun
92%
6%
General Finance Corp
46
Jun
39
Oct
12%
Jan
10%
common..
Alloys Co.
Sep
7
112% 114
•
•
10
Co
'6%
7% Aug
3,600
87%
12
—
.101
Gellman Mfg Co
General
9%
8%
9
common.
co
Power
preferred.
shs
Jeannette Glass Co—
Julian &
5%
42
600
Oct
7 %
Qatineau
Jun
650
Nov
10%
28%
81%
Garrett Corp common.
Nov
Jan
16%
111
331/2
*
29
28%
.101
Feb
10% July
Jan
8
13
60
Interstate
Home Equipment—
...J
Interstate Power $7 preferred
•
Investors Royalty
:
1
Iron Fireman Mfg voting trust ctts—•
Irving Air Chute
—1
Italian Superpower A
—•
7% May
Jan
3%
600
100
8
Feb
50
12%
Razor B—
•
Utilities Corp com—.13
$3.50 preferred
Jun
28%
1
1
—*
common
100
4%
7%
Products
International
May
28
coupon
Registered shares
27% July
22% Jan
Petroleum
International
Jan
8
Jan
25
75
Jan
25
75
28%
46
%
18
22
International Safety
97
13%
4%
10%
Oct
113
20
X44
20%
Apr
17%
.
1,300
Oct
Oct
16
10%
Distilling.
Franklin
Fuller
84%
Industries A
56%
29
Franklin
33%
International Minerals and Chemicals—
200
7%
Jan
32
•
Jun
775
4%
Fort Pitt Brewing
23
7% May
13%
50
•
6%
25
_•
voting..
B
Class
150
4074 Aug
..10
14%
21%
6%
Sep
8,000
100
preferred
7%
Insurance
83%
6%
106
.1
1
Industrial Finance v t c common
Oct
39%
May
30%
25
II
Oct
5,600
19%
Indianapolis P ft L 5%' preferretLlOO
Indiana Service 6% preferred.;
;100
7%
preferred
100
Oct
14
80
64
104
10%
20%
Aug
80
65
1»"
10
67%
Co
May
Federal Compress &
Fire
Sep
104
31%
.80
3
13%
com
1
Warehouse Co..2S
(Phlla)
.— .It
Co
Mig
Fedders
\
28
27
23
11
91
Metallurgical—
Pansteel
Jan
Oct
Jan
Mar
5
ctfs
arrear
Zinc
23%
Brewing
39%
'
25
30%
46%
40
4,400
6
May
450
7%
21%
82%
pfd
$2.50 conv
Faistaff
5%
130
300
•
56,400
14%
13%
May
27
9%
19%
Cigar Machine
International Hydro Electric—
Preferred $3.50 series
14%
Oct
27
46
warrants.
International
Falrchild Camera ft Inst Co.
Fairchild Engine ft AirplAne
Oct
Oct
41
45
33%
Imperial Chemical Industries—
Am dep rets regis.
Imperial Oil (Can) coupon—
...•
Registered
——•
Imperial Tobacco of Canada.
8
Imperial Tobacco of Great Britain ft
Ireland
tl
Jun
1%
31%
33%
Eversharp Inc new common.
44%
33%
Sep
15%
49%
Jan
Jan
Aug
500
26V2
20%
:
• ;
39
10%
preferred
Dividend
Oct
17%
35%
15
81,500
Jan
Jan
Mar
27
#
Co
Ligonier
conv
Illinois
Oct
7%
Jan
11%
s'
Oct
140
Jan
\a
10%
3%
Oct
46%
Z
—
Illinois Power Co common¬
Jun
105%
104%
49%
3
Nov
14
26%
•
104
Oct
20
48%
3%
10«
—1
.1
Nov
71%
14%
110
27
preferred
——
Hydro Electric Securities—
Hygrade Food Products
Oct
600
107% 107%
pfd—100
32
38'A
39
•
—100
1
100
1st
Oct
102
50
10
&o
Jan
Jan
j
Jun
Jan
17
101%
Inc
Jan
8
50
250
Oct
Jan
19%
33
9%
;
Oct
Aug
1074
Oct
39%
52
700
5,900
5%' Jan
14 »A
108
124
Huyler's common
Nov
52'A
23%
Corp..
Fibre
stk purch
Com
14
Jan
37
preferred.
$2.25
Nov
70%
Jan
47
23
101
-1
II
73
May
47% May
11%
50%
100
Pipe Line common..
Eureka
Nov
23
cominon
convertible preferred
Esquire
70%
11%
Equity Corp
$3
Nov
67
73
65%
51%
preferred
5%
68%
70
common
Empire District Electric 5%
Emsco Derrick & Equipment
99%
Feb
825
73
preferred series A
preferred series B——
Eastern Sugar Associates—
$5 preferred
—
Easy Washing Machine B.
Economy Grocery Stores
Electric Bond & Share common.
$5 preferred.
$6 preferred
Electric Power & Light 2d pfd
Option
warrants
Electrographic Corp
Elgin National Watch Co
$6
3%
Feb
11,800
4%
3%
4%
$7
Elliott
67
71%
22%
Corp
(Harvey) Inc
Oil & Refining
Hussmann
Apr
Jan
78%
99 V8
63 %
Iron
Eastern Malleable
Eastern
97
67
46%
33%
98
2%
500
2,600
12,300
3%
3 y2
3%
*
100
100
Fuel Assoc common
prior preferred
32
13%
—•
•
;
Stores
Hummel-Ross
.4%'
1,300
28
69%
13%
preferred
5%%
Hubbell
600
32
Hardart common
Howard
Feb
10%
High
Jan
103%
14
preferred
Humble
East Gas &
10
Inc—
&
Horn
Oct
12%
5%
14%
common
Sulphur.
Duval Texas
12%
5%
160
70%
(Geo A) ft'Co common
Horn & Hardart Baking Co
9% Aug
Sep
12%
"5%
104%
10%
Hormel
Durnam
Duro
104
M.
Hollinger Consolidated G
Holophane Co common.
Dunlop Rubber Co Ltd—
Am
Apr
Low
common
preferred w w
Henry Holt & Co common.
Heyden Chemical common
Hoe (R) ft Co class A
Nov
15
67
11
7174
Co
Range Since January 1
11
5%%
Apr
50
300
10%
11
Heller
Feb
5%
474
18,100
for Week
Shares
High
Low
High
25% Mar
72%
Rang*
of Prireo
Ranee Since January 1
Low
5%
4%
5%
1
Bridge Co Ltd—
•
Steel ft Coal B—JWI
Tar & Chern Co Ltd——•
Textile Co Ltd—
#
Domestic Industries class A com
Dominion
Share*
High
Low
Sales
Em at
Sale Price
Y*rk Cub Exchange
New
for Week
of Price*
Sale Prloo
Par
Week's
Friday
STOCKS
Range
Last
Exchange
Sales
Week's
Friday
STOCKS
York Cork
Hew
EXCHANGE
ENDING NOVEMBER 2
FOR WEEK
RANGE
Monday, Novethber 5, 1945
FINANCIAL CHRONICLE
6
27%
100
6'
27%
:
-
50
Mar
18
Mar
"
33
Jan
40
Oct
5% Aug
20
Mar
6%
29
Feb
Mar
'
It
5
"
THE COMMERCIAL & FINANCIAL CHRONICLE"
Number 4435
Volume 162
51
£
NEW YORK CURB EXCHANGE
!
Friday!
York
New
Curb
Range
Shares
Low
Par
Steam Shovel
Marion
11%
IIIi
Mass Utilities Association vtc.
11%
11%
1,000
8%
2%
2
2%
6,300
1
11%
12 y4
17%
17
19
11,500
*
45%
44%
46
%
,
York
Curb
225
Range
far Week
ef Prices
Shares
Low
Par
Hi9h
Bangs Since Jannarv 1
"
■
\-Low
High
15 74 July
Jan
Jan
95
Sales
Lest
Exchange
High
2%
7% Mar
1,100
pfd—100
Week's
Friday
...V'H
Sale Prlee
New
Low
12%
McColl-Frontenec Oil Co 6 %
NOVEMBER
Bang* Slnee January 1
High
*
Massey Harris common.
ENDING
STOCKS
'
•
FOR WEEK
for Week
•f Prices
RANGE
Sales
lAlt
Exchange
Week's
Sale Prlee
STOCKS
Jun
12%
Jun
95
Mar
Mar
Pacific
Corp
common—
$2.50 preferred —
McWilliams Dredging
Mead
Johnson
*
—•
Co
&
Memphis Natural Gas common
•
Mernu
Stores
common—
Chapman
6% %
—*
<k Scott--
Warrants-
5 s/8
155
160
6 74
18%
preferred
Participating
1
_
19%
West
Corp
7
•
6%
Jan
21
Oct
Jan
110
Jan
Oct
1,100
38
Jan
42%
Apr
37%
500
36
Jan
38% July
•
106%
.-100
common.
Power
&
Public
1st
Light 7%
Paramount
Motors
9%
Oil
Piping
1
Patcliogue
a-
54
54
*
43%
44%
7%
8%
Co
45
Jan
400
3
Jan
51% Aug
7% Sep
15
550
8% Mar
15% Oct
3%
4
33,000
1%
Jan
4
Nov
1,500
8%
Jan
14
Oct
Pennroad Corp common
2,500
12%
Jan
Nov
15% Aug
23
May
Pennsylvania Edison Co $5 series pfd_*
$2.80 series preferred
•
81
1,400
3,800
2% Aug
5
Feb
Penn Gas & Elec class A
~4
Nov
Penn
23%
18 Va
19
3%
3%
—8
18%
17%
18%
31,800
13%
13%
100
31%
31%
50
377A
39%
1,250
11
23%
Jan
18%
10% Aug
16
Mar
Mills
Power
—
common
Traffic
Penn
Wohl
Co
—
3%
3%
11 Va
III
1,600
4
3%
.4 Va
22%
22%
Public Servian common
67
67
39%" Nov
Co—
Feb
4
81
110%
110%' 110%
•
774
Perfect Circle Co.—
30%
11%
11V4
Mountain
States
common..
Power
24
13 74
100
27%
13 Va
,
186
8,900
14
-
2,800
44
—*
Corp
'-"C
14%
Nov
Oct
Pbila
32
31%
32%
-350
30
Jan
32%
Aug
Oct
FniUips
15%
14 v
16
1,400
7%
Jan
16
1%
Nov
29%
33 %
600
25%
Jan
2%
6,200
Apr
Oct
37%
2'A
8%
Oct
Oct
Sep
88%
105
13
Jan
32%
Oct
Electric
Pierce
Oct
Mar
60
Jan
Jan
13
9'A
Apr
Feb!"
974 Aug
Power 5%
Packing
wi
25
Co
Governor
Rights
pfd
.II—I*
common
—
"2%
Pinchin
Johnson
Pioneer
Gold
Ltd
Mines
Piper Aircraft Corp
Am Shs.
1%
preferred
National
~5%
Ltd—
14 Vt
Oct
Pittsburgh & Lake Erie—
Pittsburgh Metallurgical
Pittsburgh Plate Glass
Pleasant Valley Wine Co
Plough Ino common.._
"
4%
Jun
Jun
5j
Oct
2,900
12 Va
10 v*
Feb
13
Oct
Feb
193
May
Mar
22
Bess
L
Ac
E
National City Lines
National Fuel Gas
National Mfg
44
179
18 Va
Pneumatic Scale
72
25
38%
Jan
45
Sep
Powdrell
8
Nov
8%
Oct
National
Refining
National
Rubber
1%
Jan
r
Sep
Pratt
7%
7%
2,100
6V»
Jan
9
Apr
Premier Gold
25%
National
Steel
—
24'/a
Feb
30
July
Prentice-Hall
Inc
xl42
—
30
129
May
Sep
Pressed
18
Jan
27%
Oct
National
13 Va
Jan
20
Oct
Corp of NevadaProsperity Co class B
16
16%
1,800
10
Jan
1774
Feb
Providence
21 'A
2274
7,700
14 Va
14%
10,300
16
15%
16
29
29
14%
15%
Jan
23%
Jan
14%
16
Oct
14%
Jan
30
11
Jan
Jan
16% Oct
19% Jun
15% July
20,100
5
May
60
107
Jan
May
Jan
109
110
14
14%
600
9
15
15%
600
8%
11%
2%
7%
Tel
New
Mexico
7%
Jan
11%
Nov
Jan
9%
Jun
1,375
81%
83%
1,175
63
Jan
84%
Oct
27
28 Va
100
21%
Jan
28%
Oct
..1
29%
N
Y City
Auction
NY
N
&
Y
N Y
Co
70
72
5%
Omnibus
6
Honduras
Oct
31
Jun
Reed Roller Bit
Nov
Mar
75%
Oct
Rice
2% Mar
6%
Oct
63
Mar
x5
Mar
Jan
128
48
Jun
9%
Pounders
Stix
22
Radiator
N
Y
Service 6%
Water
pfd.100
Rochester Gas & Elec 6%
Sep
30%
Apr
50
150
16%
Jan
23% Mar
100
70
pfd
..10
5%
114%
1st
preferred.
2d preferred
5 %
Class
B
120
570
70
6%
107
Nipissing
B
5
com
16%
16%
"2%
Mines
Electric
1
North Amer Light
$6
North
American
Class
6%
B
Northern
Northeast
116
82
Jan
109
170
10,300
%
600
North
47%
16%
6,600
3,300
28%
12,800
7%
77,500
325
47%
300
47%
•
common
Oil
5%
1,000
17%
19%
41,900
5
1
19%
50
103
108
108
Northern
Natural
Nov
Gas
20
.x
.
Power class A
44
„
35
10%
4,800
•
38%
34%
38%
1,400
•
24,500
Ohio
Public
6%
1st
Oklahoma
Oliver
Service 7%
For
'
4,800
25
Jan
7%
139%
48%
Oct
Feb
48
Oct
Sep
1%
Jan
Jan
11% Mar
34% May
14% Mar
6% Aug
26% Jan
Securities
,
page
2173,
,1
17%
500
18%
26% Mar
Jan
23%
33%
31%
33%
3,500
Jan
34%
Oct
1%
2%
10,700
3A
Jan
2%
Nov
6%
6%
6%
1,800
3%
Jan
7%
Oct
2%
1%
2'A
35,900
3A
Jan
19
.100
105% Aug
190
105% 106
106
12
—
2% NOV
109
May
15
May
.Jan
700
3,300
12,300
Jun
22%
Jan
2% Jan
6% Mar
♦
19%
16% Aug
127/8 Jan
1,400
7%
Oct
9%
Nov
19%
Jun
Jan
33
Nov
Jan
19% Mar
18%
27%
18%
6,800
33
18%
31%
-10
18%
■•'
—
Royalite Oil Co Ltu
Oct
19% Jun
-20
.2%
"
18%
V
•
100
11
20%
Feb
19
Mar
6% Aug
8
8%
6%
6%
5,500
1,300
5
5%
"~Il
7%
6%
1
—
56
Class
Mar
6%
Jun
7%
Mar
19% Nov
Jun
44%
Oct
35
Oct
11
Oct
38% NOV
St
$2
A
5%
5%
5,800
Nov
Oct
10%
3'A Mar
prel—
conv
Regis Paper common
Salt
Dome
Samson
Oil
Co—
United
Corp common—
Oil
Co
1
1
Schiff
Co
common
(D A)
7%
Jan
Jan
9
Sep
39
6'/a
5% Nov
Scranton
Steel
Co
Bros
Inc..
16%
——
67
*
Feb
32%
Oct
Belby
117%
Jan
Selected Industries Inc common
29%
119%
Sep
Convertible
stock
116
Nov
$5.50
stock
Jan
39
Jan
'10
6% Aug
10% Jan
Co.—
v
Oct
Oct
4%
11%
Oct
18%
Oct
374
17 Va
26
"3
.~1
8
25
Inc.————_x—-1
Sentinel Radio Corp common
1
sentry Safety Control
1
(R
-
2%
10%
Jan
8%
Feb
5% Mar
8,300
774-
2%
8,400
22
3,800
6%
1,450
4%
Sep
49
Jan
3%
70,600
6%
Jan
70% Jan
34% Mar
710
.,,88%
Jan
124%
Oct
10%
Jan
18%
Oct
5
4%
Oct
,
49,600
5
17%
26% «
2%
2%
3%
12,000
Nov
27
Oct
3
Oct
Jan
22% Oct
'99
Nov
83 Va
Jan
100 Va
Nov
14%
250
1,600
Oct
5
17% Oct
82% Mar
1,700
-
Va
Apr
28Va
Oct
6% Aug
774
Jan
12
400
28 %
7%
1
67
■:>
Jan
Jan
19
350
2,650
100 Va
7%
,
8% May
Feb
Jan
9%
11,100
3
25%
(&*2
900
i
99
97
42%
100
67
22%
>-
Sep
Aug
700
96
73A
44%
Oct
Oct
1,900
21%
28
,
116
Feb
Oct
17
99
B)
125
1,000
44
22%
Allotment certificates—,..—.
Semler
■■■£
17%
———1
it
-*
———*
Jan
prior
5% Aug
122 Va
15%
4%
1
i
Apr
Shoe
43%
117
117
common
4%
5%
5% Mar
7,200
111% Mar
43%
Oct
? Nov
65,000
10
pfd
preferred
34 %
10
117 Va
5%
9% Nov
Jan
Jan
49
108
25
*
Spring Brook Water Service—
$6
Elec
2%
16%
374
3
46%
53,700
6,025
974*
34'A
7% 1
6 Va
3%
Manufacturing
Bcranton
7
25
preferred
Convertible
Scovill
9 Va
7Va
*
-1
common
6%
31%
9%
.
8
Savoy
Schulte
874
33%
-•
50
5
Corp Ltd
Bt Lawrence
22%
6
100
Aug
14%
Segal Lock & Hardware
Seiberling Rubber common
110% July
11 %> 11%
22
550
Petroleum Co
$1.20 convertible
$6
20
—1
800
22%
Nov
Jan
1%
40
500
Oct
26%
22
NOV
Mar
35%
121
116
38%
23%
17% Aug
25%
9%
Ryerson & Haynes common..
Feb
Oct
117
38
Nov
May
22
8%
Apr
116
38%
40
56
Apr
25%
9%
2%
117
15
42 Va
34,600
1
28%
Oct
3% Oct
Jan
29% July
22% Jan
237/a
Roosevelt Field Inc
preferred
Rotary Electric Steel Co
22
21%
7
Root
6% Oct
;;
23
6
Jan
2
112% Aug
115% Oct
_•
—
see
5
31
Oct
52
6%
19% Mar
100
i
Filters B
footnotes
4%
31
600
.—5
Aeronautical Co
Ryan Consolidated Petroleum
1C0
Natural Gas common
Omar Inc
4%
•
—100
1st pfd
preferred
United
Overseas
4
common
preferred
40
20
Securities Corp General
Power 4%%
675
39
1%
2,600
32%
20%
Seeman
Ohio
3%
31%
19%
Bcullin
Ogden Corp common.
Ohio Brass Co class B
2
3
19
Ryan
110% Mar
10%
14%
Jan
20
Russeks Fifth Ave
Apr
27%
1% Jan
20%
common
Oct
Jan
1.275
43% ^44%
,
Oct
Oct
175
...5
Corp
Metal Works
Art
Oct
99%
30%
102
165
Jan
59,100
.—5
Ronson
Oct
106%
10%
156
140
Jan
Jan
76%
200
5%
Cable
Rome
15%
25
1
Oct
Jan
..£1
17%
105
25
Northrop Aircraft Inc
Novadel-Agene Corp
18%
17%
20%
Ltd—
«
dep rets for ord reg
10%
40
103
Northern Indiana Pub Serv 5% pfd—100
13% Mar
13% Aug
Rolls Royce
Jan
13%
5%
4%
•
RR Co
Northern States
Nov
Nov
%
Jan
51%
50
Airlines
Penn
~Pe
6% Mar
'
36%
•
Texas
7% Nov
Jan
2%
5
139%
Rayon class A
Central
May
Jan
132% 139%
7 Va
•
x
prior preferred
American Utility Securities
North
2%
27
27%
81 Power common__l
preferred
90
3%
Nineteen Hundred Corp B
Noma
Jan
Feb
89%
10
99
Nov
75
163%X164%
32%
1
ufd D—-
12% Mar
Corp class
Niles-Bement-Pond
9%
64%
21% May
110
1,700
109
A
10
14% Aug
106% July
143.600
7%
112% 116
"%
optional warrants
Share
Niagara
65
7%
.100
100
Niagara Hudson Power common
600
19%
96
Jun
Jan
25%
100
-
Roeser & Pendleton Inc
300
22%
108% 109
109
v:
17Va
110%
Jan
47/a
—■——J
Gas Co v t c
Jan
47
18%
18%
shares
1
14%
■is
Jan
Sep
16%
3,100
2%
& Engineering
Goods
warrants
Dry
Richmond
Am
Y State Electric St Gas $5.10
14%
105
100
May
"118% Jun
;,y
18%
•
5
*
Do
Reliance Electric
Shipbuilding Corp—
N
Jan
Sep
22%
22%
18
14 7/a
164
Richfield Oil Corp.
900
9
10% Oct
112
R
30%
6,500
Nov
13% Jun
Oct
13;
Jan
44%
.10
.10
.100
Feb
12
Rosario
107
7,300
_
25%
99
Quaker Oats commo
6%
preferred—
Quebec Power Co-
Jan
1,200
V4
Oct
2%
-
16*
.106
23%
18
20%
warrants.
Merchandise
10
UVa
Pyle-NaMonal Co common
Pyrcne
110%
40
8%
common
107
Oct
16%
Apr
15%
600
30%
71
76
Jan
10 Va
Oct
lYa.Mar
Mar
%
900
t
Jun
45
Jan
12
3,300
*2 Va
July
11%
lft Jan
80,000
:
25%'
Pulp St Timber.
Sound
Rio Grande Valley
Y
15%
22
Jan
13
106
$5 prior preferred
Puget
Raymond Concrete Pile common
•
93 convertible preferred
•
Raytheon Manufacturing common__50o
New Process Co common
N
11,300
Oct
8% Oct
6% Jan
31 > Jan
111%
14%
5%
1%
127/a
•••■
300
:•
490
12774 128
30%
Land.
'
*
Oct
20%
1
8% May
Railway St Light Securities
Voting common
—x.—10
Railway & Utility Investment A
1
Rath Packing Co. common
10
27%
.25
Arizona
1,300
.
1
107
Oct
2,700
•
Jersey 7inc
New
"
.
45
.
——
Oct
83 Va
9
128
18%
•
Oct
Apr
25
Jan
3% Jan
.
♦
0%
of Colorado—
15%
6
..
Gas
Service
1st
17%
9 Va
100
Co
2,000
*
Radlo-Keith-Orpheum option warrants.
•
& Tel
common
" 7%
1%
Nov
•
Clock
13%
13
Aug
113
100
preferred
300
Oct
30
156
Jan
Jan.
Oct
9 Va
9%
Oct
Oct
78 % May
Nov
200
1,500
7'A
6
7
100
Nov
Apr
Oct
Feb
39% Mar
8%
Jun
preferred
&
15%
11
Apr
11%
England
Jun
500
1%
England Power Associates
25
14%
America
Common
Sep
Oct
11%
•
Haven
Jun
34%
900
clasf A_.
5%
19% Aug
3,900
30c
25%
38
2%
Nestle Le Mur Co
New
Jan
1474
15 Va
New Idea Inc
Jan
2%
2'A
•
New
19 V*
16%
S
$2
500
34'A
14%
(Herman) Corp
Neptune Meter class A
6%
18,900
14%
Nelson
New
100
23%
2%
preferred
4
Puget Sound Power St Light-
33% May
39% Mar
15%
of
preferred
7% 1st preferred
14%
Radio
Union
Nebraska Power 7%
117
51
Producers
300
32 %
i
14% Mar
1,300
„
common
500
Metals
1.500
r
1.900
l,°a
18%
1
common
Jan
^
6
44%
Co..
27 Va
12.50
National Transit
64%
8%
15%
45 Va
'
1,080
148%
18 Va
Alexander—..
Ac
& Lambert
141'A
•
National Tunnel & Mines
Feb
16% Jan
18 Va
22
•
43
24 %
27
1
Ltd
I 10,500
Jan
5%
140
1
Machinery
Car
Apr
287/a
144 w
.
Mining
•
common.
3%
x8%
Power Corp of Canada—
5,600
5
>^6% July
■21,900
74%
I 7%
6,900
4%
Jan
23,100
8%
common
2%
23%
50o
common
& Stores common
4
.
Apr
100
8%
8%
common.
,
s 15%
RR__x—
2%
16
Aug
~6%
8
xl4 :
Pitts
1074
25
—
Candy Co
May
•
2% Nov
18 ! - Aug
2 %
-
com
Nov
Jan
*
common.
18
18
—
27%
2 Va
140
—•
;
Hess common
Nov
r
Jan
3
20
I
;
——
Bellas
Oct
Sep
47
Jan
N
National Breweries
81%
53%
>
11
6%
National
Jan
11% Jaft
Public
Nachman
34%
.
1,800
3
—
;
200
45
Jan
2,500
8,200
186
44
,
—•
Muskogee Co common
47
5
Sep
■
14%
4,400
5
20
27
—
Muskegon- Piston Ring..
46%
-57
16
10,200
'4%
10%
184
—
——
Mountain States Tel & Tel—;
Murray Ohio Mfg Co.
" Jan
750
1,800
13%
7%
—
3
■
81%
15%
common
2%
!
112% July
!
8'A Sep
49.%
47
8Va
Producers
Jan
14%
104
30%
'
3%
Mountain
Jun
16
707iiOct
J!mm
—
—
4'A
•
Oct
115 Va
107%
1,000
Oct
Sep
•
'
10 Va
City Copper common
~
52 -4
t
4%
80 >;
<
»
Jan
109 %
150
'
Mar
1
Aug
325
4Va
Investors partic pfd.
Plan Corp of America
Morris
7%
7%
49
Polaris Mining Co
Moody
Oct
Mar
l'/a
Philadelphia Co
46
87
4%
Mountain
83 Va
78
47
-
Pharis Tire & Rubber
"
10%
•
•
Oct
Jun
325
85%
86
;—I
Montgomery Ward A
Montreal Light Heat & Power-
Jan
8%
Apr
Aug
4,800
Utilities new com—5
Montana Dakota
81%
Jan
Jun
3,300
8
26%
Society A
Jan
35 Y*
~
Loan
Monroe
-
5%
-1,670
j
Oct
44 Va
11 V»
14
7%
2.50
—1
—1
10
.
Sep
*
Jam !
Mar
.47%
80%
Pitney-Bowes IncJ
Mojud Hosiery Co Inc
Molybdenum Corp-—
Monogram Pictures common
5 V2 %
conv
preferred
58
44 74
:
ff?; 8,300
4%
110% 111
20
common
new
Oct
40
30,000
ffhii-s.75
Vv^.75"-
52
116%
2.50
Co
:
Oct
100
81
«
51%
3%
:
•
Water & Power Co.
Pepperell Mfg
Oct
54%
23%
Jan
4%
23%
70 Va
•
-
Jan
Oct
•V 15
Jan
Jan
Jan
3 Va
5,300
23%
_—•
—;—•
—100
2%
8%
27
__
_50
—
28%
32 >A
9% July
15% July
■
_
—1
common
Mar
26
900
10%
-
10%
—
5% > conv preferred
Mining Corp of Canada—
Minnesota Mining & Mfg—,
Minnesota P & L 5%
pfd
Misbouri
39%
«
Refineries-^.———.
Mid-West
Miller
-10
—
Cupply
&
..
.70
•
Light $7 preferred
preferred...
$6
8%
—j•
&
Oct
•
Jan
29
.1
com
Oct
29
18%
as
n
26 Va.
33%
6%
Plymouth
Oct
Jan
5% July V
8% Jan
—10
Peninsular Telephone
$1.40 preferred a.-
10%
Sep
8%
Parkersburg Rig & Reel—;—
21%
50
Co—
2,000
Parker
Nov
3%
Abrasive
Midwest
Midwest
23%
Feb
Penn
Mid-West
22%
-
J*eb
»
115% Aug
Jan
-
25
v
1
Corp
7%
10%
Pen
7
28,200
Jan
18%
II*
70,800
12%
Jan
22%
common—.
9%
11%
3%
-
Midi ale Co
,'7%
12%
3%
13%
1
^■;U:;50h
28
28
109
104% July
107% Sep
x22%
Tubes new common.
Pan American Airways warrants..
Pantepec Oil of Venezuela Am shs
14%
—•
70
400
preferred
14%
.
14%
100
10%
9%
10%
4,400
12%
$2 non-cum dividend shares
106% 106%
112% 112%
Service
_7%
4
200
18,400
7
Products—
Midland Steel
_
pfd
:■
Page-Hersey
,
7% Oct
25%
41%
37
$1.30
Oct
Apr
Jan
41%
87%
Pacific
Nov
160
25
41%
—25
Co
5%%
7%
e%
$2 conv preferred—*
Midland Oil Corp
Jan
Jan
25
—25
Can
Paclfic Gas & Elec 6%
10%
6%
10
13%
common
Oct
13%
2,500
——-1
Middle States Petroleui® class
Class B v t c—-—-—t.
Feb
270
91
220
—1
A * t C-l
Micromatic Hone Corp
18
Jan
4%
3,700
.—10
Preferred
Jan
100
1
Michigan Bumper Corp—
Michigan Steel Tube
Michigan Sugar Co
Oct
Oct
*
3%
18%
25o
15
1
2.50
*
Corp
46
144
530
160
19
12%
3,300
100
A preferred
Textile
Middle
16%
217
Jan
36% Mar
——-
Messabi Iron Co
Metal
15%
215
6%
8
Mercantile
15%
215
7
1st pfd
1st-preferred
Pacific Lighting $5 preferred
Pacific
McCord
;
.
11
Jan
3%
Oct
Oct
■:IM X:
THE
2172
RANGE FOR WEEK ENDING
fcf||
Satiric©
'
,
;
i,
®
Mining
Denn
J3
13'*
common
Beton Leather
ouactuck
--
Lc
131/
3,500
100
»*
Bherwia-WHlmms" of
Co
Bilex
Canada
Ltd
Breweries
Slck's
J
(Howard)
_
c
1
ra
Airf.rt.ft
_
SolarjAircnut
6
8,750
326
355
6
16%
'
9%
N*
Yii/n
49%
ofii/
——10
30 A
<
ffcfcm/r
Co
Royalty
Standard
preferred
—
Standard Power & Light
Common class B
llu„
,
,„..T.T1r
Stores
Bros
—
15
5%
8%
Jan
Snnnes
4,200
5
Jan
12%
4 'A May
9%
Nov
17
1,450
-
2%
Jan
Jan
3,400
3
Jan
,7%
86%
270
54
Jan
91%
11%
12'A
6,000
13%
Oct
15
15%
200
9% Aug
11% Mar
16%
Sep
Jan
18%
22
{'g Jan
1%
Jan
1%
1,100
18%
11%
Jan
33,300
JA
2'/2
Jan
Jan
1,700
3%
Jan
9%
200
10%
Apr
Mar
26
Oct
18%
Oct
Feb
154
25
Oct
7%
Nov
2%s
s
Oct
3%s
s
8%
6'A
Oct
3%
Feb
10
Jan
25
27%
20 %
25
19
May
12
1%
Jan
Jan
Jun
164
Oct
36
40% July
21
Jun
18 %
250
Feb
18%
Nov
25%
4,700
14 % July
25%
Nov
18%
18 '/a
100
13% Jan
18%
17%
19
225
11%
Jan
19
Oct
6
Jan
11
Jun
112
Aug
19
•
-
110
Jun
7%
100
5
Jan
8%
18%
19%
400
8% Mar
22 %
Oct
8%
10 Va
1,300
8'A Aug
12%
Feb
12%
12%
200
7%
10
receipts
10%
"4%
4%
_4U
Oct
5%
May
Oct
3
Jan
4%
Oct
Jan
11
£1
•
15
Oct
5%
Its
Ltd
Oct
19,700
Curb
York
Friday
Interest
Exchange
Last
Sale Price
Oct
29%
30'A
400
23%
Jan
31%
50
19%
Jan
25%
Friday's
Bonds
Mar.,
Low
J-J
$102
Range Since
January 1
Low
J-J
$107
M-S
$109
108%
109%
J-J
1961
J-D
1970
J-J
2024
A-O
Elec
101%
103
1960
2016
Associated
Inc—
Sold
No.
1970
debs
f
8
Writing Paper 6s
Appalachian Elec Pow 3%s
Appalachian Pow deb 6s
Jun
23%
or
Bid & Asked
.1950
debs
1
Amer
3% July
Oct
23%
f
deDS
Amer Pow & Lt deb 6s
3%s
26%
26
Week's Range
High
Gas & Electric Co.—
American
22% Nov
12
Aug
Jan
39%
20%
Oct
300
July
Mar
135
High
18
6,600
1,400
Oct
14 Va
9
70
Nov
23
54% May
20%
14
113%
4,500
111
39%
39%
Oct
9%
12%
135
133
Nov
Jan
10
11%
Nov
4%
41
Jan
4%
113% 113%
12%
7
Oct
Jan
6,500
Period
Jan
4% May
18
700
9%
8%
9
BONDS
New
Apr
300
Jan
12,150
41
Oct
Oct
6,100
525
4%
3%
39%
pfd—100
preference
11%
900
4%
40%
3%
Oct
69
■
Mar
3
Oct
5%
Jan
17
Sep
1
3,500
7
6
Jun
36% Oct
17
1
Wright Hargreaves
Nov
350
2,000
35%
35
"7
-Nov
23
114
25%
]
Cement
deposit
Jan
Mar
1,400
— —
2
6%
10
107
23
20
23
Oct
9%
Jan
5
100
8%
8%
8%
-
Inc
Portland
American
Nov
160
Co
&
Petroleum—
Woolworth (F W) Ltd-
Nov
3,300
Jan
Oct
Oct
18%
Woodley
Sep
49.400
105
7%
6%
i
Woodall Industries Inc
Sep
-
Ci
Products
Wolverine
Oct
6
27
25
—1
—
Nov
4% Nov
100P Nov
10
Winnipeg Elec common B
Wisconsin Powei & Light 1%
Oct
Jan
(R
Willson
15
6%
9%
21%
30'A
9
Williams
Oct
45
21
20%
1%
7%
9%
22'A
2%
20
1%
—
—•
;
Cement,
Portland
20'A
—*
Co
Drue
43
Jan
3%
—
—
Nov
10%
U%
10
Inc
Wichita River Oil Corp
Oct
2%
Jan
27%
1,300
Nov
Mar
4,400
510
Jan"V-
92
100
•
20
Weyenberg Shoe Mfg
Oct
2,000
1st pfd—100
Westmoreland
Sep
79%
jg
fi
Westmoreland Coal
14% Jan
Apr
3,800
Coke
&
Western Maryland Ry 7%
Nov
x51%
53
•
;
Machinery
Rav
Superior
Jan
9'A
Coal
Western Tablet & Stationery com
13
11% Aug
Va
Jun
12%
2,400
11%
11%
—
7
9%
21%
2%
25%
Stroock (S) & Co commonSullivan
Aug
.
West
Knitting
Nov
31%
149
Jan
8
16% Mar
1
common.
Oct
134%
100
2,400
7%
1,800
100
98
•
—•
Co warrants
Mills
b
Wentworth Manufacturing
1.2fl
West Texas Utility $d preferred—.—•
31% May
29% Mar
class A
Ward Baking
Wayne
Sep
30'A
•
Co
Class B
Oct
49
Aircraft
Waitt & Bond
Oct
38
•
(J B) Co common
(Hugo) Corp.——
8tetson
May
27
Nov
49%
Jan
61
50
5% 2d preferred
20
Sterling Aluminum Products
1
Sterling Brewers Inc
-—«.———1
Sterling Engine Co
1
Sterling
lno
1
fi'in
1 /a
4 /a
145
1>60
11
111/52
%
1
4%
5%
8
8%
5,500
93
--
Wagner Sating voting trust ctfs ext—•
7%
preferred
—.-100
Nov
8
Jan
1st preferred
6%
42%
•
—
(AV & Co common
Sterchi
21/8
1/a
1/8
160
Products Co
Steel Co of Canada
Stein
21
1%
4%
11%
--
21 A
1%
*
1
Standard Silver Lead
1
Standard Tube class B
1
Starrett (The) Corp voting trust ctfs—1
Preferred
Standard
--
.*
4% Jtin
,.v.
W
Oct
200
5%
4%
High
Mar
65% Jan
7% Jan
85
-1
Petroleum
Manufacturing
Waco
Jun
41%
100
600
-
"
100
Apr
10%
Jan
100
10%'
3%
3
Jun
113
Jan
4
10
2 A
42
5%
Vogt
90
79/a
"*
2
38
6%
Jan
Feb
7%
3,200
12/a ^
72
11
Jun
370
2% -Jan
1,900
149
149
5%
10
1
'
(Ky)
Oil
2 /s
39
1
20
Standard Dredging Corp common
Standard
79/4
11 /«
2.78
.1
—-1®
Standard Cap & Seal common
Convertible preferred——
$1.60 convertible
121*
50
*
Co
Brewing
.
"*MM
103/
193/0
11
—-J
—
pfd
(A G) & Bros
Spencer Shoe Corp
Stahl-Meyer Inc
Spalding
4%
1,500
30%
30%
—
149
ElSSTffi
Southern Pipe Line--————— -10
Southland
Apr
267% Mar
Venezuelan
Jan
31% 31%
31%
nit^tradTeriSTc
29
New England Tefephone.-lOO
10%
"4%
preferred
nonvertiole
$4
Jan
7'A
150
93
6%
Vafep&r Corp common
-V
NOV
.
6%
22
,,
Southern
44
Jan
'
$
2,100
4»%
10e
1
Low
4% ■"H 12,200
90
92%
Range Since Jannary 1
High
4
July
Jan
*>i
Shares
16% May
10%
30 /4
«%
32.
13,100
49%
oa 1/,
Pa Pipe Line-California Edison—
26
Apr
12% Mar
6,800
AA /8
for Week
Low
4%..
19 % July
11%
14
Utah Power & Light
135% Nov
Sales
Range
116% July
25% Oct
Jan
3,200
10%
11
11 %
1
S Pcnti oil—,.||
P°.™ OUrP C°mm°n""™::3i
Southern
Jan
Oct
20%
19% July
J'•
♦
rr«
South
Southwest
102%
110
17%
16%
inva
-J
Manufacturing common
Oct
300
°
1
Corp-—...———'—--—
Sonotone
*.
«
.
•—
Manufacturing Co—
Solar
Boss
to——-«mn
Oct
150
g7/
Mills
Paper
8%
20%
525
44
*
7%
Gas & Elec
City
3% Jan
15% Apr
$7 preferred
Utah R*dio Products
Utility Equities common
$5.50 priority stock
.r1.
^
^rTpu»r^-----«
pfd
*°2
Smith
Oct
20%
jgt/
^3/
A* 4
14 4
I!rcMsa=r>rgTo!!:::r-:iiJ 3528
Sioux
14%
75
*®%
'
—
—
Simmons-Boardman Publications
$3 convertible preferred
Jan
®
•
Utah-Idaho sugar
111
700
—
—
common
Oct
10%
Week's
-
Per
High
8%
600
Xg%
jg,?
®
a
Last
Sale Price
Range Since January 1
High
v5% Mar
}
Berrick Corp class B
Shares
of Prices
Friday
.STOCKS
Terk Curb Exchange
New
for Week
Prices
of
Low
par
NOVEMBER 9
Sales
Week's
Friday
STOCKS
November^-1945
EXCHANGE
NEW YORK CURB
'•v.;
Monday,
COMMERCIAL & FINANCIAL CHRONICLE
—~
^1953
109
110%
104%
110%
1
100
102"%
1
108%
111%
127 % 127'A
110%
1
123
102%
42
92%
108% 110%
101
101
109 %
109% 109'A
85
~
4%8
104
106%
107
——
102%
J-J
102
lAssociat^d Gas & Elec Co—
129 %
102%
Oil
23%
23%
—
—
——
15
15
46%
M-S
46%
46%
46%
13
29
J-J
46%
44%
47
231
29
F-A
47 %
45%
47%
119
29 %
47%
1968
A-O
46%
45 Va
47'A
157
29
47%
1977
F-A
48%
46%
48%
73
29
1951;
M-S
104%
104
104%
16
1964
M-S
106%
106% 106%
1
1957
J-D
110%
110% 110%
22
14%
—
—
*
pfd—4
Corp
1,750
100
Jan
25%
Sep
AConV
deb
4%s
45
24
50
It
—'
$2.50
1949
Assoc T & T deb 5%s A
A
Pinch
1950
Atlantic
'
Common
Class
Swan
Apr
Sep
57
Sep
AConv
deb
4%s
15%
Oct
AConv deb 5s
10
■/fe'
A Debenture
deb
AConv
Taggart Corp common
Tampa Electric Co common
8%
8%
9%
900
5%
Jan
9%
32%
33 %
700
27%
Jan
33%
Jun
26 %
25%
27 %
4,700
29
Oct
1st
122
Oct
5s
-
5%s
City Elec 3%s
99
105%
47
48%
105
108%
Oct
32%
Technicolor Inc
5s
1948
Texas
Power
T>xon
Oil
Textron
common—_____
&
Light 7%
.100
pfd
& Land Co
Inc
new
2
_50c
common
1'22
120
9
9
30
19% Aug
115% Sep
4,300
6%
16%
18%
9%
18%
19,500
13 V*
Bell
Telephone of Canada—
M
9%
Jan
Bethlehem
Nov
Bickford's
Boston
Sep
18%
40
40
Jan
41'A
Oct
1
15 %
14%
15%
1,100
8%
Jan
15%
—1
17%
15%
17%
1,600
7%
Apr
17%
Oct
Tobacco ft Allied Stocks^...,.—.
Tobacco Product Exports
Tobacco Security Trust Co Ltd—
Amer dep rets ord regit—,
Amer dep recs def
reg—
Todd Shipyards Corp
Toledo Edison 6% preferred
•
71
72%
680
Jan
73
Oct
7%
1,700
C
110%
113%
1960
JH-N
$118
118%
118
121
1998
Q-F
$170
180
170
183
1962
A-O
113
113
1
110%
113
1970
—
Steel 6s —;
J-D
5
102%
105%
59
58%
85%
85%
Sep
Realty & Construction-
series B
5s
series
Jan
Thew
Tilo
Shovel
Rooftng
Tlshman
Co
common
9
Inc
7%
3%
Jan
7%
94
95%
—1
1
Corp
Transwestern Oil Co
-10
warrants
115%
115% 116
2%
2%
Sep
71 %
Jun
96
90
,
May
2%
3,700
V/a Jan
5%
6
5,300
4
44%
6
47%
49
Jan
35%
2,200
Jan
117%
3
3
—1
«
3
12
preferred
14'A
14%
3
68
68
105
——1958
A-O
105%
1969
A-O
197)
—
Lt
& Pr
J-D
(Bait)
__
—
N—
107'A
J-D
J-J
67%
68
6
103 'A
106
104% 105
105% 105%
108
103
105%
14
103%
106%
106% 106%
5
104%
107
106%
110
__
—
107% 107%
104
104
12 >A Mar
500
15
mtge 4%s
1954
1958
F-A
Gen
Oct
102 %
101% 102%
63
Ulen
Rights
Corp
Manufacturing
Union
Union
3
3%
1,300
2%
Jan
4
Feb
1993
1993
A_
4s ser B—
8%
6,500
14,200
4% Mar
10
Oct
Elmira
Oct
Finland
1,600
7>A July
6% Aug
%
9
Yds of
United
—1
common
m
8
300
62
60
15%
16%
96
x95% 127%
%
-
A
15%
—7
22%
22
%
14%
United Light &
Milk
28%
Railways
10%
United
-
7,100
22%
20,900
45
25
250
2%
2%
3
common—
S
1st preferred
Rubber
United Stores
Class
Universal
For
Jan
45
Feb
9G%
Jan
7%
Jan
286
3
Nov
900
9
Mar
2%
2%
5
7%
Insurance
-10
...
500
5%
v
2173.
10
67
—
4%
16
A6%s
&7s
Oct
Oct
20%
102%
Jan
A7s
A7s
1941 coup)
1955
——1957
1941 coupon)
1957
(Dec
(Aug
series
I
E,:
series
.1952
F
mi
Jersey Cent Pow & Lt 3%s—^——1965
102%
105
108
106
109
$49
52
30
62
28%
63
I $52
57
$107
—
52%
52%
50%
: 5
101
'52%
50%
100% 101
104
105%
M-S
115% 115%
2
115%
1
108
112
13
105%
107%
106 %
106%
101%
104%
J-D
Kansas Gas & Electric 6s_
18
Sep
Kansas Powm- <fe Light 3%s
1969
J-J
108% 108%
Feb
Kentucky Utilities 4s
1970
J-J
106% 106%
6%
21%
Feb
25
Oct
Jan
37%
Sep
Lake
Superior Dist Pow 3%s—;—:_196fl
McCord
Corp 6s
stamped
;
1948
95%
107%
Oct
2022
71
60
37
Kansas Electric
Sep
102
105
Sep
Jan
,63
97
14
Apr
4%
31
40
„
8%
12%
5
41
22
94 %
49
105
24%
100
37
95
94%
54
106%
Jan
Power 3 %s——1966
60
63
4
55
106%
ms:
Mar
3,400
37
31
'
j-J
J-J
6s
—
104
104"
—
J-J
6s
Superpowei
'
104 %
ni__
F-A
J-J
Debenture
—
J-D
196 J
Nov
5%
M-N
—1952
5%
Oct
104 Va
M-S.
A7s i(July 1941 cdupon)
—1952
Interstate Power 5s————1957
Jan
^ Jan
105%
102%
1%
4%
106
104%
2,000
18
77%
104%
,106
106
104
A Italian
^
101
104%
103 % 103%
Oct
100
107%
F-A
Nov
2,700
58
105%
74
$105
102%
107%
J-J
2%
11,000
45
90
106%
104%
1963
ref 5s
9%
4%
18
Feb
18%
&
99%
8
—
103%
1950
—1957
5s
Seivice
Jan
83
127%
92
74
Co—
5%s series B
ref
Jan
; e 22
.,
1%
Apr
108
101
"l
$102
A-O
A-O
•
page
58
$105%
A-O
Jan
7%
18
13%
11%
Jan 1949
4%
125
4%
22
8ya Mar
1,500
9%
4%
May
26
Prouucts-Co.
J-J
4,300
98
8%
9
4,300
2%
97%
"5%
4%
_•.
101%
107% 107%
10
$106% 108
J-D
Indianapolis P St L 3%s——..1970
iinternational Power Sec—1
A6%s
series C
1955
Oct
2
A.
Power
1st lien
Apr
4%
see
Illinois
Jun
1% Mar
81%
.10
107%
J-D
Jan 1949
B
series
6s
Jun
50
500
Inc
J-J
1963
104% 105%
58
J-D
1958
6s
104
124%
$127 % 127%
$101
J-J
1953
3%
West
&
Hygrade Food 6s ser A
Oct
Feb
"•
44
50 %
106%
July
73% July
B.
footnotes
Oct
44
1
common
Cooler class
Universal
Oct
22%
50
!•
Universal Consolidated Oil
Universal
16
700
with warrants
Reclaiming
United Wallpaper,
Jan
1,025
9
Radiator common
Mountain Pow
105
A-O
1950
West 4s
Green
11%
18
$5
106 %
80%
105%
77
1948
AGeneral Rayon Co 6s ser A
Guantanamo
49%
17%
U
1969
1953
A
Grocery Store Prod 6s
79%
«•
35
Bank—
5s
Serv
Pub
General
3%s
Power
Oct
10%
Securities
106%
—1961
Nov
49%
15%
U S
Residential Mtge
—
106
106
106%
J-J
F-A
Nov
38
8,200
17%
common
33
M-S
%
79%
15%
International
63%
16
1956
28%
11%
15%
Graphite
74
39
2030
127%
79%
15%
and
Oct
29
29
class B
68%
38%
5s
Light
stamped
Gatineau
Sep
10
Machinery
17%
S
9%
14% Mar
275
1
U
17
28%
5s
1st &
100
Sharing
66%
38%
Nov
Feb
1965
67%
M-S
& RR 5s
&
Power
Water Lt
Indiana
1
Co
8
71
86
U
Foil
Jan
Jan
6%
preferred
Shoe
Nov
3/64 Apr
20
300
15 %
;
United Specialties common
U S
95%
135,000
dep rets ord regis
Profit
..Feb
9
*
Preferred
S
9% Mar
A:.
•
United NJ RR & Canal
United
28%
45
preferred
United Molasses Co Ltd-*Amer
27
420
106
JRT-S
'
Products
participating
v
Jun
%
Eastern Gas & Fuel 3%s
Oct
Grand Trunk
"10
$3
4,700
Oct
5»
22
United Elastic Corp
United Gas Corp common
United
?
•
13%
■
warrants
corp
16%
»178
*
•
Stores.
preferred/:
United
9U
61
.100
.
Products
Chemicals
16
8
7%
Omaha
United " cigar-Whelan
13%
mtge
Electric
7%
Canada
United .Aircraft
■%$5
3'A
8
Investment Co
Union Stk
•
7,700
5% Mar
—
01
11%
-10
Co—
-
Gas
1st
.100
Realization
Dnpxrplled
11%
124
101
Delaware Lackawanna & Western RR—
1st mtge 4s ser
.—I
109 %
105%
120%
123%
$121
A-O
Continental Gas & El 5s
Lackawanna of N J Division—
:
106
-103%
$106% 107%
.
12% May
7>A
U
Ddylite Corp
92%
46
105%
67%
105
—
mtge 3s ser P
1969
ref mtge 2%s scr Q
—1976
Consolidated Gas (Bait City)—
Jun
59
75
F-A
1st
Oct
15
Jan
"3,600
14%
Jan
Apr
7,700
11%
1
12
2%
n%
Inc
series
115
90%
1966
1st ref
■
Tung-Sol Lamp Works
convertible
3%s
Oct
59 % May
78%
89%
1950
Jan
5s
El
Gas
75%
—
M-S
*
5s
Debenture
Oct
M-S
77
76%
M-S
74
67%
5s
5s
Debenture
Consol
Oct
6
deb
103% 103%
76%
w
Service
_
103%
J-J
1927
Rys 5s ctfs
paid
Conv
May
111
-—
Part
Oct
112
450
1948
.1954
f AChicago
13% May
1% May
107% Mar
95%
lieo
Trans Lux
2%s
JACentral States Electric 5s
Sep
1%
*'
Inc 6%s
Edison
Cities
.100
80c
61
12 JA Mar
preferred--—,——
Tonopah Mining of Nevada
Trunz
26
A5%3
7%
7%
Tri-Continental
100
_
F-A
103
$104
106%
102% 103
10
61
120
Volume"!62
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4435
2173
i
•
NEW YORK CURB
RANGE
Friday
BONDS
New
York
Curb
-'ft
Interest
Exchange
«
"
WEJp.ICHETJl)ING NOVEMBER 2
Week's Range
Last
or
Sale Price
Period
FOR
EXCHANGE
'
BONDS
Bonds
Friday's
i
Range Sine#
January X
Sold
Bid & Asked
New
York
Curb
Friday
..
Exchange
Week's Range
or Friday's
Interest
Last
Period
Sale Price
Bonds
Bid & Asked
Range Sineo
Sold
January 1
'
ft
Midland
Valley RR—
Extended
at
4%
A-O
1963
to.
73
'
Milwaukee
Nebraska
6s
Gas
New
Light 4%s
4% 8**
Power
series
A
Amsterdam
5s
'
Gas
i.1948
1947
J- J*
6s_
a,
New
deb
England
3V4S-
Power:
Power Assn 5s
Debenture 5%s
If Y State
N Y
95%
96 Vi
96%
95%
96 Vi
96
95 Vi
96 Vi
25
M-N
106%
106
A-O
104
103% 104 y2
1948
95%
'
■
33
ft
-1954
-I9t>4
M-S
107
J-J ■
102
102%
104 Vi
:
3%s—.
104 % 104%
United
Electric
N
109%
United
Light
Power
88 ■)
97%
% 108
101%
7
*102%
.
4
ft
108%
105
I
-
i
1st lien &
o
.1968
.•'5
J
4s
High
J-J
;
1949
A
—1—_T.n.j959
ftft.
a-o
5%s_l852
i?$io9%
—.
-
"102
r
a-o
;.
,
f-av'-
1952
Part
97'ft"'
97
2
92%
98%
58%
J-J
—J
paid
58%
1
58%
58%
2022
Penn
Western
6s
m-s
115
Ohio Power 1st
1st
mtge
Ohio
mtge 3%s
1968
1971
Service
4s
106'/a 106 J/2
3
105
109%
A-O
104% 104 %
1
104Vi
F-A
106
105Va
72%
70%
1948
F-A
Pacific
1955
F-A
&
Light
5s
Park Lexington 1st mtge 3s
..1964
Penn Central Lt ft Pwr 4%S—_
1st 5s
73 %
j-d
1108- .109
stamped extended
m-n
106%
106% 106 Vi
2
104
$106% 107%
106
3%s
Sinking fund deb 4s
perpetual
106
109%
—
112% 113
14
series
107% 107%
J-J
m-s
1
BONDS
New
106%
101% 101%
105%
1
105% 106
101
102%
101%
14
106%
1964
J-D
106
106%
105%
Real
J-D
$104
104%
102
106%
157% 159%
151
159%
m-n
A-O
1979
J-D
107
108%
m-s
6s
1951
11
1951
A-O
California
York
California
Gas
Southern
Counties
Danish
Indiana
P
Gas
Standard
Gas
gold
6s
Stinnes
127
90
92
96
96%
101
A-O
$106
106%
105% 107%
105% 109%
J-J
$104
106%
105
1951
F-A
L
-1970
F-A
106%
106% 106%
16
(Calif)—
8s
2022
5s—
105
104% 105
12
89%
$102
m-s
—.1989
111
106%
108% 111
M-N
34
111
108
107
108
A-O
107%
107
108
42
F-A
107%
106% 108
122
1966
J-D
106 J/2
106% 108
62
96%
1
94
3d stamped
of
A 7-4s 2nd
January 1
74% *
Low
96%
1
71
74%"
"28J
2
27%
32
76
92
m-n
$93
F-A
$86
90
1952
j-j
$28
30
6%s stamped_1958
m-s
1958
(Peru)
m-n
2008
j-d
107
106% 108%
70
96%
7s
Plan
106% 107%
124
96%
110
$57
19%
20%
$45
60
2
58
32 %
33
30%
AMortgage Bank of Chile 6s
Mortgage Bank of Denmark 5s
1931
j-d
$17%
22
1972
j-d
87 v
$57
2
*
■
87
1958
m-s
46
(State)
Stamped
7s
pursuant to
Interest
ARlo
$50 '
50 %
60
27
57%
RANGE FOR WEEK
2008
reduced
to
j-j
:
ltnb
6v2s
i-'.-'r:".v*22
*
ITOCSI
38
*'46 V??'
.
A5%s
Arundel
Bait Transit Co
Preferred
Cons
•
Corporation
Gas
-100
t c
v
e l &
pfd b_ -100
Pr 4%%
24%
5%
24%
—*
v t c
common
Low
j-j
6%
38%
—
Sales
343/4
116
Shares
•No par value,
r
46%
37%
37%
8%
8%
71
5V4
8
8
8%
32
5%
Deferred delivery sale,
a
d Ex-interest,
e
Odd-lot sale,
38%
*
Range Since January 1
Jan
25
Oct
270
2.75
Apr
7
Jun
40
Jun
551
20
Feb
15
114
ENDING
,
(
,
'*
.
Sep
116%
Jan
Eastern Sugars Assoc
Fidelity & Deposit Co
.Fidelity & Guar Fire
com
Houston Oil of Texas
6%
t
v
1
c_
.
20
10
Corp
12%
__
__
162
12%
300
8
Jan
70
155
Jan
5
46
Jan
50
27%
Sep
30
Apr
12
12%
Oct
15
-
1
5
.
used
57%
28
28
12%
12%
12%
Jun
168
i
Mfg
pfd vtc.
25
10
common
—
Mt
& Miners
New Amsterdam
s
»
Casualty
2
Commercial
common
Fidelity & Guar
Western
|37%
122
373/8
Oct
32
—
33%
200
35
Jan
45
Apr
394
120% 125
.—10
87%
Feb
125
Oct
108
26
123/4
42
Transit Co 4s
.1975
12%
36
44%
255
42
__
.20
433/4
42%
91
83%
50
Bank
National
Mar
.
32%
Nov
a_
.1975
—
86
90
—
$22,500
91
.100
class B
1st
Calumet
Cliff
123/4
3,000
Boston
Gas
14%
Jun
Eastern
Jun
6%
Nov
6%
70%
86%
Jun
91
Jun
Fuel
&
Range
Shares
American
Sugar Refining
100
Tel
100
American
Woolen
Tel
ft
49%
188%
$2
SS
&
Son
ft
361
10% Mar
14
15%
Range Since January 1
High
Low
380
52%
185% 188%*
55
41 V's Aug
r
13
13
17%
?*
230
17%
180
13 v2
Carpet
6%
pfd
Inc
100
55%
2,337
156%
Jan
25
118
9J/a
Jan
29
39%
748
Jan
39%
10
•
Albany RR
100
23%
23%
750
130
23%
128% 130
...
300
148%
17
Nov
Jan
25
Boston
Elevated
Boston
Herald
Traveler
footnotes
see
Corp
page
2180.
43
45%
100
Ry
44 3/4
188%
^
58%
57%
58%
125,
41
Feb,
7%
7%
8va
23
1%
79 %
78
79%
•
393/a
38%
39%
Jun
22
■
13
•
.
.
1%
—
Lines
National
60
July
9
;
6% Apr
Feb
>
'
263
16%
Jan
1%
'
212
65c
Apr
13/4
50
33/4
100
2%
1
Inc
Jan
Nov
1% nov ;•]
Mar
2
ft
"M
Jan
99
350
78 %
Feb "
99
64%
663/4
75
473/4
Jan
66 3^
3%
35
3
July
50
96
Jun
90
71
Jan
.100
3%
„
105
*
<?' 105
93
„
17%
.100
93%
45
17%
143/4
17%
12
100
38%
32
56%
59%
Jan
240
■1
16
43/4 Mar
22%
class
*
A
*
—
15
•
23%
Oct
132
July
37 v Jan
46
Oct
283
69 Ya
Jan
81
1,320
23%
Jan
393/e
Narragansett
vtc
—
2%
<
Jun
Nov
Assn
Nash-Kelvinator
Service
;
32
Nov
Jan
42% Jan
s 59%
Oct
43.60
Oct
48%
1,501
36v4 Jan
37% Feb
493/a
Seo
223/4 "
406
13% Mar
223/4
Nov
7%
250
85c
2%
433/4
—
90c
,
600
211
45
1%
l'/a
ft. 3%
Jan
103/4
"10 *
10% *
7%
48%
195
2%
J—1
2%
r"
82
Inc..
-
Cos
1
16%
16%
5
233/4
22%
24%
35c
'500
40c
1
—.
■
England Gas & Elec Assn5 % %
preferred
New England Tei ft Tel
Jan
7%
15%
601
22c
2,000
New
1
2%
Jan
82
,
'
i
Oct
ll3/4 Mar
,12%
ft62
64% Apr
107;
16%
Jan
741% Jan
,
Oct
?
Jan
5%
200
78%
—
6 3/4
95
7%
Jan
ft 45%
July
35%- Jan,
■:
16%
Jun
Jun
Jun
Oct
Jun
ft. 24% Nov
Jan
49c
:Feb
64
July
"Nov
'
64
100
128%
64 1
1263/4 128%
232
61%
42
*
Feb
*
130'
109 3/s
Jan
-
*
t;
•7779% Mar i:
6% July
60c
225
3%
47%
75/a
»«—
*
Linotype
Rac'g
::
7:
Oct
•
10
Oct
150
Oct
Oct
•
95
7%
7%
mpm.
5
.100
.100
Associates
19
ft 46
c' 383/fe
May
21%
-
■
1
21 % Mar
7,;
;
'
•
"
Oct
45%
—
—
preferred
Util
'Feb
43.60 43.60
;
Lamson Corp
(Del) commonMaine Central RR common.™
Mass
Nov
99%
May
31% .Jan :
751
.
-
!
July
109
38
29%
—
820
46
38 3/8
18
18%
46
Royale Copper™,
Kennecott Copper
Nov
Jun
3% Oct.
97%
.100
Isle
5%
:
[7
25% Nov .'
66%
common
Stores
Bakeries
■
Sep
98
Ry common— .100
Electric
B
75
:
Nov
18
25%
1%
Capital -Corp
Jun
115% Aug
2,157.
Jun
Jun:'
?; 17
Jan
Apr
8% Jan
High
22%
29
Jun
19% July
17
14
-
£17
*
•
148% 148%
-50
Edison
For
14
7 "adr
>16
>
Jan
13
Employers Group Assoc
Engineers Public Service
National
Boston
12%
preferred
Mergenthaler
Boston
10% Mar
93/4 Aug
.100
Mass Street
conv
Class
38y2
25
Copper
Bigelow-Sanford
Bird
412
90
'
American
Anaconda
15%
13%
Jan
.100
—
Low
14%
15
33/4
1st preferred series A
preferred class B
preferred adjustment
Hathaway
for Week
of Prices
Par
10%
77
17%
Gillette Safety Razor Co
Bales
Last
High
"
Associates—
preferred
42%
Exchange
Sale Price
STOCKS—
1,385
12%
.10
Co
General
Week's
11%
13%
ll'/a
13%
.25
General
Friday
60%
74
.10
Co„
4% % prior preferred
45%
Apr
-'
1
4,477
1,050
76%
Common
Oct
76
Low
„5
Service
Mar
Apr
:>■''
v
Range Since January 1
High'
Low
"100
Hecla.
ft
Mining
Eastern
First
Boston Stock
Shares
—•
Personal
Eastern
series
for Week
.100
pfd
1st
A
Prop Trust
Boston 8c Providence RR
5%
5s
.100
pfd stamped-— .100
7%
class C 1st pfd stamped—. .100
10<%> class D 1st pfd stamped— .100
4»/2'% class E 1st pfd stamped— .100
8%
38% Jan
38
Bondp—
Baltimore
Sales if-
Range
or Prices
RR—
Stamped
6%
Seaboard
u
Trans—.
Vernon-Woodbury Mills pfd—*Ii0O
Maine
&
class
5 7c
East
Merchants
Week's
>
Last
•
prior preferred
Cities
Humphreys
;Vr '
July
57%
i
fii>x
May
165
57%
—
sal*,
NOVEMBER 2
Boston
v
("
.j
above—"cud," uertuicates oi uepusit,
cons," consolidated; "cum," cumulative; "conv," convertible; "m," mortgage; "n-v," non-voting stock; "v t c," voting trust certificates)
"w i," when Issued; "w w," with warrants; "x w," without warrants.
. . v
.
High
16
116
iv
213/4
2
.
{Reported in receivership
*
>
lIEx liquidating cash dividend of $22.5Q( plus stock distribution.
7 %
675
6%
,
.22
Under-the-rule
n
sale,
x Ex-dlvidend.
;
>
,
<"•
$Frlday's bid and asked prices; no sales being transacted during current week.
A Bonds being traded flat.'
Cash
Boston
Low
25
I
47 y8
36%
1
>
.'
37%
$44;;; 46
•
Par
High
;
-
38%
'$36%
j-d
Sale Price
for Week
of Prices
Sale Price
Par
i
V*
v
8%
j-j
-1921
Government
2012
2%Z
Exchange
Range
i
m-s
6%s—^——.—1959
STOCKS—
Week's
Last
36%
A
reduced to^Ves
Janeiro
de
Plan
Friday
Friday
'45%
45'
47vv ?
,46%. 51%Vi
2. -.;;
OTHER STOCK EXCHANGES
Baltimore Stock
20% !
.
'
32
;
—
50%
stamped pursuant to Plan A
58
Industries—
A-O
16%
38%
7
a-o
Abbreviations
1948
37
■
m-n
85
—
stamped
■2)
48%
,
J-J
1948
:
90%
19'
*
A
1947
109%
107
A-O
deposit
'
-
110
F-A
F-A
85
80
m-n
1951
;
if
.
-2B'
^
110
1957
84
65%4 c
74%
74%
1947
110
96%
High
63
—
■
j-d
>
(
^
96% 110
1957
6s
Corp inc 5s
(Hugo;
Low
$74%
1953
6V2s stamped
(issue of May 1927)
(issue of Oct, 1927)—.
A7s
'
.1950
Light
Sold
No.
'
105%
A-O
debentures
&
Range Since v
v
"
Mortgage Bank of Bogota—
108%
104%
100
$105% 106%
1951
Dec
Bonds
Friday's
or
Bid & Asked
Waterways?—
Interest reduced to 2ysS
AMeueJiin
7s
stamped
105
—May 1948
May 1948
ACertlficates
Stinnes
Week's Range'
V'i;:::
•
—
j-j
.1955
&
City
ARussian
6s
101%
101%
■
1948
Stamped pursuant to
(Hugo) Corp—
A 7-4$
Last
Sale Price
<
of)
5s
Port
Interest
6s
105 y4
99
99%
—
.
105%
Electric—
&
Power
AStarrett
125
„
96%
M-S
(stamped)
6s stamped
Btandard
$99%
96%
1965
Conv
Debenture
Debenture
109
-1970
Rys 4s—.
&
(A G)
Friday
:
A-O
Jan 1947
Bank
5%s
Extended
Danzig
107
106 %
3s
Southwestern Gas 8c Elec 3 Vis
6a
104%
5
1971
Spalding
i
V
Interest.
,
Exchange
Valley 7s—
AMaranho
10
3 Vis
3s
Southwestern
Curb
A 20-year
7s
Bogota (see Mortgage
A7s
Edison
Southern
100
1-
AParana
Southern
Southern
107
108% 108%
$124% 125
J-D
Scullin Steel inc mtge 3s_
1st mtge
$100
High
ALlma
1952
-
Estate
119
4
109
—1949
Joaquin Lt & Pwr 6s 3——1952
ASchulte
$100
J-D
109
Jersey—
Safe Harbor Water 4%s
San
J-D
Period
ACauca
certificates.
A
stpd
"114%
109
Queens Borough Gas & Electric—
5%s
1937
ft 2.-u.H6%
118 %
105
Foreign Governments & Municipalities
AExternal
j
118
102
110
:,V
109
$10ff%108
J-D
1959
1st mtge
6%
5s
72%
109%
107%
1950
New
j-d
P-A
1947
Rys Co
531/4
106
105%
1960
Agricultuffll Mortgage Bank (Col)—
A20-year
7s_—
——April 1940
Corp (Can) 4%s B_
Public Service Co of Colorado—
116%
ft
'1106% 109
a-o
1959
AStaroped 6s
73 %
Co—.
Power
115:
12"
106%
112%
105%
63
-1979
m-s'
of
5s
debentures
108
1962
Service
103
104%
Philadelphia Rapid Transit 6s
Public
*
7
F-A
Gas 8c Coke
10011
.ft 101% 103%
15
106%
1972
5s
73%
72%
106
5%s
Portland
2
6
106
j-J
Power
-
105%
M-N
1970
Elec
105
*'
6
1977
—
Philadelphia
107*
101% 101%
105 Vi
J-J
Pennsylvania Water & Power 3%s_1964
3 Vis
f
,107
109%
72%
1964
107%
106 y2
A-0
Oklahoma Power & Water 5s
Power
lAYorfc
109
-1962
3s—.
Public
15
115%
_2030
„
5s
Traction
s
HI
103
Newspaper Union—
conv
High
108%
108%
; 1109%.iQ9%„'
if-n
.1954
dibs
Water Power 3 %s
West Penn Electric
West
'.'12
.108
101% 102 i'i..
-
i
North Continental
Utility Corp—
A5%s series A (21% redeemed)-1948
Low
104%
3
Hotel—
income
Wash
—
$106
.
.
United Light ft Railways (Maine)—
Waldorf-Astoria
'ftftft
106% 106'%
J-D
;
no.
Low
Co—
6s series A
Utah Power ft Light Co- Debenture 6s series A
A 5s
5
&
cons
United Lt A Rys. (Delaware)
105%
105% 109%
101
103 Vi
3
•
105
-ft'ftv--.:..
'it-
\jt14 ft u?
107% 110%. f
88ft
:97% ft
88% ft. 96% ?
33
107
-2004
78
,
7
106%-
*
Ltst 4s
'
15
M-N
•
ft'
64
Edison
101%
iwi;
J-D
Gas 3%S—
Elec 8c
Westchester
ft
109% 109%
M-s
•'
105
5
;
.1961
5s_
New England
I
1950
y.,1M»
Conv
114%
High
Toledo
107 vi;
io6% 1063i;
+112
M-S
Low
ft
•
*$107
'..i •:/
«;
No.
■
—
J-D
1981
New Sag Gas ft El Assn 5s
i;
m-s
^.1967
,..,,..2022
.
Higbs^Low
ft';-:
;-*•*••*73 ft 73'/a"
*
128%
Mv
4-
:
CHRONICLE
THE COMMERCIAL & FINANCIAL
2174
Monday, November 5, 1945
—
OTHER STOCK EXCHANGES
"f:
V"' Last
Hale Fried
STOCKS—
Low
Par
North
Butte
2.50
Mining
Old Colony SB
RR
Pennsylvania
Reecd( Button
58%
5
38% Mar
42%
1,349
33% Aug
1 % Ailg
Torrington Co
5
May »
65% Oct *
42%
3%
Nov
<
Feb <
2%
2%
350
13%
13%
100
12%
Jan
14% Mar I
17%
60
14%
Apr
18%
18%
17%
18%
41
41%
Jan
18%
35% July
41%
10%
599
41 %
Inc
—
65
-
Oct
Oct |
Jun
"
I
Oct
i
35
161
30
Jan
35%
26%
206
15%
Jan
26% Nov f
552
90
725
73% July
80% May
51%
72% Oct
112% 116
116
79%
80
85
70%
69
Mar
Jan
4%% preferred
L
Mickelberry's Food Prod
Middle
West
Miller
&
120%
—*.
;
—
—100
Inc
>
vtc
common
110%
Muskegon
Ward
4%
15%.
*
A
71%
—
;
National
National Standard
Cylinder Gas
69%
68%
70%
130
59% July
73%
Oct;
Noblitt-Spaiks
17%
16%
.17%
387
13% Jan
18%
Oct
North
34%
35%
1,082
31% July
38
10
common
Ind
American
Northern
Northwest
Nor
3.800
;-r.
150
Last
'■
■
common-
of Prices
Low
.1
Advanced Alum Castings
—5
Admiral
Corp
Allied Laboratories common—
Allied Products Corp common1
&
Armour
Co
—10
•
200
10% Jan
48% Jan
2% Mar
68
71%
800
32
32
20
common
Mfg
Bendix
11
8
5
„1
Corp
Corp
17
l7/e
6.050
49
Nov
52%
Oct
Feb
135
Jan
12%
Mar
6%
50
23%
Oct
Jan
4%
12%
Nov
5%
Oct
Jan
%
Oct
&
24
24
16%
Jan
24
34%
35 %
1.300
26
Jan
550
16%
Jan
59%
200
48%
Jan
61
Oct
15%
Oct
L)
Central Illinois
M)
Pub Serv
100
23%
Jan
33% Aug
800
5%
Jan
11
350
32%
Apr
45%
Oct
1,350
6%
Jan
10
Nov
11
45%
8%
10
24%
X23 %
24%
34%
34%
110
106
2%
3
19
—
_50o
18%
110
19
14
250
Jan
Jan
110
July
3
Nov
19
6%
i«
Jan
IIIV2
Sep
131
158% 164
570
82%
Jan
164
8%
Jan
17
32%
18%
32%
9%
8%
63%
62%
9%
63%
47
45%
24%
320
—
Common
19
,
V
t
20%
Nov
Nov
Jan
Nov
Jan
38%
Feb
50%
Oct
17% Aug
24
Sep
14
14
100
11% May
16
Feb
30%
Oct
for
Binclair Oil
South
Corp
Chrysler
Service
Cities
Co
Aluminum
Club
_10
common—.
Co
Uten
(The)
Coleman
Co
Commonwealth Edison
25
common
Deere
&
Doehler-Jarvis
7%
100
18
33%
33
33%
8.400
3.000
ElectrJc
Watch
49%
Jun
350
of
Flour Mills
General
Candy
class
Gibson
Gillette
Motors
Bros
Inc
Hein
Corp
Inc
Illinois
Co
Indiana
Mfg Co
Joy
Katz
La
Salle
Leath
&
Ext
B
Co
Cumulative
pfd
Jan
128%
19%
Oct
•
1.600
14% Aug
17% Mar
j
300
tl9%i Aug
36%
Jun
1.000
12% Mar
19%
Oct
;
!
53
Nov
6
Oct
17%
16%
17%
25 %
26
19%
18%
19%
51%
49
53
5%
570
26%
•
Apr
Oct
Apr
38 %
Nov
Texas
Corp
Trane
Co
capital
(The)
25.
Union
Carbide
United Air
United
Utah
Carbon
capital
Union'Telegraph
Wisconsin
Woodall
26%
Oct
Jan
48'/a
Nov
200
79
Jan
200
23%
Jan
900
14% Mar
50%
22%
77%
81%
1.000
10%
10 %
1.300
50%
50%
100
44% Mar
34%
35%
1,900
22%
22%
100
31% July
14% Jan
15%
16%
1.450
18%
150
35 %
—*
•
common
16%
*
com
Yates-American
Jan
97
100
com
common
Bankshares
Indust
Aug
22%
El & Mfg com (new)_12%
Wieboldt Stores Inc
Machine
capital
5
xl5
Oct
49%
48%
22%
common
59%
Oct
36%
150
96%
*
Rys
Products
23
17
100
1,150
48%
45%
Transportation cap—6
&
Westinghouse
X25
43 %
Jan
*
com
common
Radio
Western
48%
Jan
•
&
Line
Light
25
•
56%
25%
56%
6
common
208 South La Salle Street Corp
Unlisted
100
Oct
Sep
53%
22%
Nov
Oct
Nov
59%
Jan
82%
7%
Jan
10% Mar
54%
Oct
37% May
23% Sep
16%
Nov
8% Mar
22
Oct
7%
11%
Oct
11%
Jan
Jan
11%
3.700
16
17
1.300
11%
38%
39%
500
29%
Jan
39%
Oct
76%
Jan
100%
Jun
Nov
9%
11 %
Stocks-
Top
Bethlehem
Mining
Santa Fe Ry
Steel
Corp
ElectrJc
Interlake
25%
Iron
—
•
New York Central RR capital
—s
Corp
Oct
700
67%
Jan
x96%
7%
500
5%
Jan
8%
Oct
7%
48%
47
48%
400
38
Jan
49%
Sep
12%
12
12 %
300
9
Mar
12%
Oct
23%
22%
24
1.000
29%
27
29%
2.300
22
44%
44%
44%
200
28
61 %
64
300
48%
22
21%
22
1.000
17
22% Aug
•
29
Jan
24
15%
Oct
Oct
Jan
32%
Jan
44 3i
Nov
Jan
64
Nov
Jan
22
Nov
Jun
Nov
Oct
Paramount Pictures Inc
Pullman
Jan
33%
Nov
Pure Oil Co
7%
Jan
17%
—1
—
•
Incorporated
(The)
common———
•
47%
Oct
Republic Steel Corp common
Feb
30%
Nov
Standard
Brands
U
18
200
12%
Apr
18
16%
15%
Radio Corp of America common
Jan
17%
~~_m
common—
15
15%
2.100
10%
'Jan
27%
26%
27%
1,400
19%
Jan
28%
Oct
45%
Nov
36
Mar
18
93 % x96%
7%
—1
(Glen L) Co common
287/a
10
Jan
64
•
Jun
8
__
__
*
—1
—
common
18%
Jan
100
Co
Corp
16%
~50
com
common
—
July
37/8
17
•
American Radiator & St San corn-
Sep
45%
45%
100
29 %
Jan
45%
Nov
56% Aug
18% Jan
65 % May
30%
Sep
57
72%
Oct
~25
J
64%
64%
100
27
28%
1.200
Sep
Oct
26
20
44%
200
40% Mar
24%
100
17
Jan
42
600
19
Jan
42
24%
2.200
15
Jan
24%
200
18%
Jan
28
6,300
4
Apr
50
39
Mar
N
common
—I
common
Co
_10
Oct
5%
of
Corp
Nov
27%
Oil
Rubber
Nov
22
S
26% May
40
4%
45
20
21%
4.000
42
44%
800
8%
300
8%
28%
;
Aug
46% May
Cincinnati Stock Exchange
Friday
Nov
13% Mar
22%
Sep
35% Jan
7% Aug
44%
Week's
Sales
Last
Range
for Week
Sale Price
5% Mar
45
of Prices
Shares
Nov
STOCKS—
LOW
Par
—20
Machine.
Laundry
15% July
18% Mav
American
34%
Feb
Paper & Fibre
Cincinnati Ball Crank—
Range Since Jannary 1
42%
43%
307
32%
45
150
28%
CO
Jan
44%
43%
High
Lov
High
Jan
Oct
21
21
150
16%
Feb
21
Nov
Cincinnati
13%
12%
13%
500
6%
Jan
14
Oct
C
71%
75
1.000
62
Jan
75
Sep
Cincinnati Street
50
15
11%
12%
2.050
11%
Nov
12%
Oct
Cincinnati
50
25
93
30
30
30
4
20
Mar
30
Oct
*
15
14%
15
275
11
July
16
Jan
36 %
36%
40%
Jun
14%
11%
22%
22
22% J
400
19
18%
19
250
61%
61%
100
21%
21%
23%
37%
23%
21%
l
3
20%
13%
«...
•
20
*
1
.5%
22%
Nov
19
Nov
Cincinnati
pfd
—
32%
61%
Nov
Crosley
16*
Jan
21%
Oct
25%
page
37%
Oct
Dow
Apr
15
Nov
Apr
20%
Nov
Eagle-Picher
Early &5 Daniels
Nov
Foundation
Oct
Gibson
100
10%
Jan
13%
48
Jan
58
20
14%
Jan
20% July
Hatfield
1*
Jan
24%
Oct
400
3%
Jan
40P
7%
Jan
18%
Jan
41% Jun
37%
200
35%
2,250
30%
9%
33
500
100
,
1.392
Oct
109%
108
Jan
115
May
13%
15
2,315
Jan
15
Nov
93
93%
70
100
20
25% Aug
X19%
37
10%
20%
34%
198
10%
19%
116
14%
10
8% May
14%
Oct
10%
10O
Mar
10%
Nov
20%
305
116
5
Jan
30%
Nov
9%
Sep
U
S
39
Jun
U
S
28%
28%
29
May
12%
14
2.900
6%
Jan
14
10%
750
10
7%
Jan
11% Jun
54%
10%
54%
52%
Feb
56
54%
54%
100
38%
Jan
55%
250
•4%. Mar
Procter & Gamble
Printing
,
116
40
5
Jan
53
Oct
6%
12%
401
50
50
48%
45%
48 %
267
6%
7%
226
8%
65%
64%
8%
66%
534
57%
57%
25
45 %
Jan
28%
28
28 %
645
14%
Jan
43
Jan
100
5%
42
7
*
21
51%
4
Oct
Apr
Nov
12
55
Nov
34%
100
10
Card
20%
Jan
Sep
7%
Feb
11 %
Jun
13%
Jan
48
Apr
52
Oct
36%
Jan
50
Oct
7%
Oct
Feb
9%
Jun
55 Ve Mar
66 %
3
8%
Mar
Oct
58%
.
-
Oct
29
Oct
51%
Oct
Nov
10%
,
Playing
26%
53
*
National Pumps
6% Jan
12% Jan
20% Jan
13%
115% Mar
34%
—*
Preferred
7
52%
0%
Oct
28% Mar
•
:
93%
Jan
10
Oct
Oct
8%
78%
34%
*
...*
First preferred
6% July
—
•
...
Jun
Jun
106%
30
107 %
10
Investment
Art
4
2% Mar
74
110% 112
*
pfd
Ke^n
100
36%
9%
3%
107
10
100
Drug
40
18%
32
3%
Sep
110%
*
Jan
14
5
•
h7
17%
7
11%
1
10
Is
7
7
15%
17%
45
«
2180.
*
•
Corp
13%
18%
29%
"3%
45 %
107
Oct
—
•
common
Yards
Crystal Tissue
18% Feb
•
50
common
Stock
Union
51% July
34%
37%
30%
—.100
Telephone
Cincinnati Tobacco Warehouse
Kroger
18%
5
pfd
20
11%
6
Elec
&
P
22
22%
: •
Gas
T
100
20
22%
6
&
100
55
22%
Jan
O
1.000
13%
55
9
N
200
15
19%
13% Mar
°
Champion
450
37%
15
20
Jan
i
common—
see
Apr
21
l
preferred
For footnotes
14%
13%
•
common——
Co
1.950
24% Aug
..100
com
Libby McNeil & Llbby common—
Printing Co common
Material
19%
200
10
Lincoln
Line
Sep
350
1
common
cum
9%
16%
...•
common
Unlv
Jan
26
5
capital
Nash-Kelvlnator
24%
25
common
Kentucky Util Jr
Kimberly Clark
5%
31
Studebaker
1
.i
;
common
Swltcboard
300
2,900
Standard
iAm
$6
8%
38 %
Oct
10
cap
common
Drug Co
Kellogg
Prod
Power
8%
—
45
10"%
9%
23
1,100
7%
May
Oct
—50
Preferred'
Unlisted—
American
Cities
Jan
General
51%
51
"
25
*
Service
Jan
28%
Nov
28
28
28%
294
15%
25
24%
25
198
20%
Jan
25
Oct
24%
Rolling Mill
City Ice & Fuel
11% Aug
17% Nov
23 %
25%
204
18%
Aug
25%
Nov
4
Jan
10%
Nov
37%
Jan
45
Apr
7%
Jan
11%
6%
Jan
10
Nov
"♦andard
23
100
13% Mar
23
Oct
Timken
Gas
——
*
10
Nov
750
Motors
554
62%
Brands
Roller
Bearing—
74%
71%
10%
74%
731
Jan
75%
Sep
22
Columbia
3n
3.400
10
11%
,
Oct
37%
Nov
.•
—•
com
Power & Light
Steel
Interstate
Nov
30
38
Nov
•
capitaL
Central RR
Oct '
38%
25
Co
40%
mm
Independent Pneumatic Tool vtc com_*
Indianapolis
31%
Oct
Swift &
101%
10
Hupp Motors common (new)
Illinois Brick
Jan
35%
200
Feb
Jan
10
com
class
18%
2.900
28
common
Houdaille-Hershey
300
38%
27%
*
•
Hibb Spencer Bartlett com
Horders
31%
5
Parts
Motor
Werner
30
37
1
Hall Printing Co common
Harnischfeger
38%
400
16%
Goodyear Tire & Rubber com
Gossard Co (H W) common
Heileman Brew Co G
Oct
18 %
30
100
.
--
common
Dk
Jan
23%
23%
16%
Nov
—
common
Great Lakes Dr &
46%
33
22%
26%
Apr
100%
—
Refrigerator Co common
Safety Razor common
Goldblatt
July
xl7% Aug
23% Jan
22%
31 %
—
14
160
44%
A
Corp
Oct
Oct
1.200
100
5.850
21
General Finance Corp common
General
30
102
15%
39%
5%
(Peter) Brewing common
Fox
Apr
14%
Oct
27%
Inc—
Auto
76%
15%
20
45
America
Drive
Four-Wheel
30
300
16%
75
24
Co
70
100
19%
13%
■
A
99
Nov
Jan
39%
18
me
Utll Corp
Housenold
National
Elgin
class
Tnc
5%
13
100% 101 %
«...
(The)
Corp
Paper
Jan
Oct
1.800
7%
__t—
—
Industries
Domestic
Eddy
Corp
TVs
2%
50
Oct
mmmm
common
4%. Aug
550
19%
27%
44%
Car
1.10C
5%
19%
48
17%
common
Motor
T
Cup Co common—.———
DodgeMfgCorp Common.—
7%
10
Oct
25%
23%
& Cohn Inc common— -10
Co
Diamond
6%
Oct
Furn Corp common
Bundstrand Machine Tool common
Storkline
Jan
m,-.
20
Dixie
Nov
Mar
24%
Jan
17%
(Alf)
42
Jan
3%
35
50
100
93%
30%
Decker
Aug
33%
900
16
&
300
101
23
109%
23%
Copper
46
100
42
18 % Mar
200
Anaconda
125%
15
-25
40%
Jan
98
50
200
Atch
122
24%
common—
42
8% Mar
4% Jan
80
22%
1.100
Oct
fmm.
45%
partic shs vtc B
2.100
22%
5%
64
Jan
171%
Co
8
8%
106% 107
Oct
22%
Jan
63
30%
Crane
Feb
41%
53%
110
46
Cudahy Pack 4%% cum pfd (new).
19
5%
1,050
73
_50
Common
Oct
22%
Nov
73
—1
vtc A_
18%
41%
Feb
Jan
Consumers Co vtc partic pfd
partic shs
120
1
Apr
25%
Consolidated Biscuit common
Common
18%
I
Oct
18%
25
5
capital
Corp common
9%
300
25%
90
•
capital
Indiana
of
Stewart-Warner
32%
43%
mmm.
„5
162
Jan
Dredge—
Oil
20%
43%
*
com.;
Inc———.
Jan
43
2
Common
Standard
Martin
5
Jan
136
5
capital
common
Jan
16
73
common
23%
10
160
•
Works
Lathe
Inc
General
capital
150
90
5
1
Corp—
Bend
Jan
21 % Mar
150
Chicago TowelCommon
30
162
75%
162
88%
*
7%
200
43%
common
29%
,
Apr
North Western Ry—.
&
c
Nov
36%
550
*
capital
new
Curtiss-Wright
Chicago
45%
250
500
24
•
1
common
capital
Co
new
73.150
47
24%
com wi—
%
140
6%
32%
18%
Chicago Flexible Shaft common
^"Chicago Miiw St P & Pac
99% Jan
14.900
4%
—1
-
Oct
Oct
115
57/a
—5
,
25%
34%
*
115
common
Jan
Jan
1.400
Octi
,
Signode Steel Strap Co—
U S Steel
180
3
.15
Chicago Corp common
Convertible preferred
13%
50
pfd—
Nov
22
500
34%
Lt pfd
&
Corp
31%
10%
common—. —1
Chaw Belt Co common
Burrell
Nov
4-5
i
18%
13% Mar
Oct
40
11
164
Pr
52%
Jan
.10
Central S w utii common.—
Prior lien pref———
States
Mar
?4
-10
preferred
Convertible
Oct
37
150
45%
-1
$6
15%
200
40
—5
common-
Secur Corp
Jan
1.700
51%
35%
31%
common—
(A
7%
15%
51
—1
———
Co
&
Corp class B common
Standard
24%
14%
Serrick
Nov
23%
—
Oct
100
,v
45%
10
St Louis Nat Stockyards
5%
59%
—
Cummins
Roebuck
Nov
4,950
25,000
15%
Electric
Sears
Spiegel
£t
-5
Sangamo
Schwitzer
Jun
1.050
Nov i
32
48%
50c
(new)
6% May
24
-1
common
Common
Jan
14%
71%
Jun
,
*
Packing common.
Raytheon Mfg Co—
Jan
8%
14
Nov
Jan
28;
1
Rath
7%
10% Mar
5%
48%
*
common
3
50
55% May
23%
50
common
(The)
500
%
14%
(The)
Corp
15%
Oct ,
Oct ;
44%
5
100
capital
RR
fV.'
47%
—10
A
850
11
59%
.1
class
I'
Nov
16
23%
0
Quaker Oats Co common
Oct
xr8%
—
Co
Process
Oct
„5
Ring common
Butler Brothers
Cherry
Oct
19%
Ho
common.
Burd Piston
Central
Jan
Oct
14
11% Jan
35% Nov
24% Oct
_
capitalBrown Fence & Wire cl A pfd-
Central 111
Feb
15% May
9%
24
(E J)
& Sons
Co
29
113
70
4%
Feb
39 %
50
7.250
5
'
common—
Co common
Borg-Warner
&
16%
100
12%
10%
8%
Bergboff Brewing Corp
Binks Mfg Co capital
Castle
200
,
4
4'/4
4
common
Co
Aviation
(E
19%
1
.
(W H)
Common
Jan
23%
—
Belden
Bruce Co
7%
7% Aug
23%
1
Bastian-Blessmg
Brach
Jan
850
500
3.800
11%
1
I
Aviation Corp tDelaware)
Barber Co
'
12%
10%
12%
49%
pfd
common
Switch
NOV
5%
,
45 %
47%
,_100
Co
18%
Jan
High
LOW
122
Elec
Potter
Range Since Janeary
Shares
49
49%
mm'
,122
5
Equipment Corp commonAsbestos Mfg Co common
zAthe.y Products capital
Automatic Washer commonW
49
49
mm
Aro
Rights
19%
—
..100
Public Service pfd—
American
—
Co
Chalmers Mfg
Allis
9%
Mfg
Pennsylvania
10
13%
12%
10
Penn
High
13
13%
12%
•
Bearing common...
Aetna Ball
Range
■
Sale Price
Far
lien
Jan
Jan
,,
1.000
17%' 17%
•
100
common
prior
Feabody Coal Co class B com
6% preferred
& Sale#
for Week
Week'*
Util
2%
12
5%
*
common
preferred
Ontario
Chicago Stock Exchange
Friday
Corp
10%
850
.
oct ;
Nov;
21
5
common
Bancorp
West
7%
STOCKS—
Illinois
110%
14.350
.
May
108% Aug
8% Apr
20
capital
Inc
Car
Oct
5%
15
—1
common
Nov i
32%
18%
16
Oct !
,
38%
Jan
450
55
'5%
(r
Feb
18%
190
21
14%
High
35%
1.600
110%
55
—41
common.—•
Co
&
Spec class
17%
5%
:
Mot
110
18%
preferred
10
Minneapolis Brewing Co common—
1
Monroe Chemical Co preferred
*
Low
50
32
18%
prior
Montgomery
3b
32
Range Since January 1
High
38 %
1
com—
capital
Corp
Hart
Shares
38%
common™
Common
25%
26%
5
United Fruit Co
•
United Shoe Mach common
25
U 8 Rubber-.
—15
U S Smelting Ref & Min common—50
Waldorf System Inc—.—
•
Westlnghouse Electric Corp
12%
Inc
Field
Marshall
.v
for Week
Low
capital——
Sales
Range
•f Prices
►.
.
Bale trice
Par
Mapes Consol Mfg
$1
34%
5
Union Twist Drill
United Drug
94c
17%
2%
...
Webster
&
Stone
Jan
30c
58%
Mach.
Hole
Assn
3%
Jan
40%
25
Quincy Mining Co
Shawmut
High
Oct ?
Low
30c,
23,250
1,162
42%
"IIIIIIso
-—
Last
High
94c
.Week's
Friday
STOCKS—
Range Sine# Jannary 1
Shares
2%
•
Pacific Mills
WEEK ENDING NOVEMBER 2
FOB
fer Week
3%
100
.
65c
88c
RANGE
Sales
Week'*
Range
of Prices
Friday
22
221/s
175
18%
Jun
22 %
Nov
Jan
46%
Oct
Jan
64%
Oct
10.
9
44
•
62%
44*
16
28%
62%
62%
40
51%
9
THE COMMERCIAL" * FINANCIAL' CHRONICLE
Number 4435
Volume 162
mn
OTHER STOCK EXCHANGES
FOR WEEK ENDING
RANGE
NOVEMBER
2
Week's
Friday
Last
Cleveland Stock Exchange
Week's
Friday
-
•
.Shares
Rang* 81mm January 1
LOW
-
50c
Coach
American
Cleveland Cliffs Iron
Graphite
Cleveland
i
Cliffs
Corp
Bookbinding common
Navigation
Commercial
,
Detroit
Cleveland
&
Eaton
Manufacturing
Tire
Firestone
>
Tire
Rubber
Goodrich
\
&
F)
(B
common
Goodyear Tire & Rubber
Gray Drug Stores—
Great Lakes Towing com
i
Industrial
Rayon
Interlake
(Un)
Iron
Interlake Steamship
i
Jones
i
Kelley
60
18 V*
Jan
25%
20%
-
20%
15
7%
1
common
:
National
Refining
66%
N
class
LeMur
Nestle
12
Cooler
class
'
♦
1
B
*
53% Mar
95
37%
Jan
49%
50
26
Jan
34 V*
00
Oil
Packer
•—
(Un)
53
74%
Oct
40
48
July
July
24%
270
14
Mar
40
2614
28
53
110
Corp
Jan
28
55
May
60
.8% Mar
Jan
40%
41%
Wire
Richman
Bros
Oct
33
307
27'/a
15
400
13% Mar
17%
38
173
23%
Jan
39
1214
380
4%
Jan
12%
Los
Oct
28%
55
15
May
28%
Nov
6%
1,285
2
Jan
Thompson
U
S
Products,
Steel
Motor
White
Feb
10%
Nov
Jan
32%
Jun
a 19%
415
18%
16% Aug
20 y*
Feb
56
Nov
18%
Jan
85
16%
Jan
24
Sep
22%
22%
a26% a27%
50
14%
Jan
22%
Oct
48%
667
32
22%
23
48
19%
58
17%
9%
230
61% * 62%
to
45
671
58%
2%
25
26%
Last
■
Sale Prlee
'
a61% a63'/a
48
39 Va
a24% a25%
60
20
Aireon
•»..
4% Mar
6%
Feb
2%
Oct
8%
.
Oct
Co., New York
BROKERAGE
AND
FACILITIES
Listed
—
Unlisted Issues
Barker
Bros
Corp
& Gay Furniture
Diamond
Bolaa
75
3%
7
7%
5%
1
4%
26%
29%
a29% a30'/a
5
common—•
*
29
*
Oct
Central
Packing
Corp
Com
Investment
Aircraft
Cessna
Chrysler
Co
100
—
Fuel
Colorado
Iron
10%
Feb
3% Mar
36%
k102
1
-
Corporation
a347/8 a34%
100
102
•
com
—
Corp
5
*
•
4%
—
Creameries
of
America,
—
17%
18%
Co
Douglas
Jan
66%
Oct
27%
Sep
Aircraft
89
94%
a29% a31%
Dresser
Industries
(new),
50c
Electrical Products Corp
Derrick & Equipment
Emsco
Oil
Exeter
Farmers
Co Ltd
class
Co.,
4
5
__
1
A_—
70c
Television
Farnsworth
Fitzsimmons
&
class
Stores
<
X
Radio
II
A
14%
—
Oct
18%
Oct
94%
Oct
Jan
18"
-
33 Va Sep
'V 17% Oct
Jan
75c
Oct
Feb
650 V
Nov
13
Jan
7% Aug
12%
Oct
16% Aug
6% May
100
»
Aug
Jan
500
6%
8%
73%
Jan
10%
1,295
6%
6%
Nov
30 %
5%
30c
20
15
Apr
31%
Oct
102
i
510"
100"
650
650
28
Jan
'27% Jun
^12% Mar
8,800
70c
60c
Merchants Nat'l Bank—100
&
123
71
887 '
:
Jan
10% Jan
183
17 ' 17
al3% al3%
—
Aug
16% Aug
920
89
a31%
Oct
Mar
26%
5.327
*
Oct
36%
Jah
27% Apr
130
1
Inc—-
Sep
94
25 "■
30%
30'
30%
4
2,407 '
30%
Oct
-Mar
.•■■.p;
—
Jan
Jan
77
241
273
al26% al21%al27%
'
al5% al5%
31%
29% 31%
Nov
3% Sep
7% Nov
.6
Oct
28%
I,150 '
•
Preferred
1.75
3
"
80
Jan
24% Feb
103
.
Apr
21
2,315
-
30 Va May
3
3,600
5%
Jan
Jan
lYa Mar
900
2,432
'
Oct
5%
25
14,325
3% %
7%
11%
17%
50
3%
High
Apr
3% Aug
2,500
1
Corp
Stores Inc
Co
Dept
Jackson
Byron
a32 5 a32
70
80
__
5%
25
>
5
1
2
Co
Corp
Oil
Chica
Broadway
*
common—„
Low
\
High
4%
Range Since January 1
P Sharea
all% all%
1
_
Consolidated
Barnhart-Morrow
Blue
Co
Petroleum
Sales
for Week
Week's
Range
of Prloes
Low
50c
Mfg Corp,
Bandini
Consolidated Steel Corp
Jan
a36
a36
Oct
82%
Feb
•
Oct
Oct
63
July
Jan
395
3%
3%
Oct
27
7% Jan
10
&
Sen
11%
Jan
100
10
3%
Jan
5.310
.600
Allen
Friday
California
19% Aug
90
81%
77%
28%
50
Jan
39% Mar
136
25%
25%
--
Sep
1%
500
2%
i
Angeles Stock Exchange
STOCKS—
Berkey
32
32
•
*
Youngs'town Sheet & Tube com
Youngstown Steel Door (Un)
i
7%
21%
—
*
-2
—1
& Chemical
Refining
Warren
420
430
81%
(Un)
Tool
Vlchek
10%
a29 %
—
*
Inc
Oct
7
10
17%
—___10
Ohio
of
Oil
Standard
,
6
*
Seiberling Rubber
4%
4%
9% May
West 7th StreetLOS ANGELES—TRinity 4121
210
Oct
28%
48 l/a
Jan
Angeles Stock Exchange
Jun
188
38
--
Nov
4%
Oct
Jan
1214
a
a27
*
(Un)
Steel
Oct
7%
■i? 6% July
Oct
11%
*
Republic
'
12%
5% Mar
1,460
Oct
12%
40
12%
Member Los
NOV
Jan
Jan
16%
129
32
Oct
3,260
FAIRMAN & CO.
,
23
22 %
6%
3,490
8%
4%
Y
2%
4
■
Oct
14%
—5
Reliance. Electric
Jan
Nov
Jan
7Va
2%
V, :-
>
Feb
52
35
a38% a41%
*
*
—
Patterson-Sargent
5%
5%
<
.
COMPLETE INVESTMENT
Oct
24 Va
39%
a56 Va a57%
3914
63%
45
'
37% Aug
225
53
40
a
11.3.t
Jan
to
;
s?
8
•
i
common
Products
Direct Private
Oct
34
25
Aircraft
Screw
Sep
2814
6%
10%
13
6%
p .i
9%
Oct
31
24
"
*
*
—*
A
(Un)
Y Central RR
Ohio
common
3,156
Oct
a61% a61%
1
Tile
6%
...
Apr
3%
6,319
5%
BVa
.
Par
National
.5%
Low
3
2%
-1,775
5
'
5%
l
common
common
Jan
Jan
49
70%
38 '
5%
Nov
Apr
5%
202
T
Range Since Jannanr 1
P i
High
5%
<
'
14% Mar
"50
.
6%
62%
a
Shares
Nov
a6!4
28
for Week
-
Sep
20%
*
&
L
Jan
a68% a69%
*
Medusa
Portland
Cement
r_,—*
Metropolitan Paving Brick com—'
*
Island
44
a32% a32%
i-
Laughlin
&
Warner
Wayne
a45% a47!4
•
>
Oct
Nov
a68% a70
5
50
*
—*
*
——1
Preferred
25
95
a62%
100
Bros' common
Halle
Universal
Jan
5%
i
Radiator
Jan
2,336
*
*
com—*
S
80 %
2514
*
5
—*
(Un)
General
i
Electric
Apr
B
Udylite Co
U
Sep
20%
24
25
(Un)
Rubber
&
General
Low
common...-..—. I
Sales
>
Range
of Prices
'
Tube
Union Investment
Nov
12
90
203a
614
Hlah .4
7%
16
255
a55'/a a60%
25'A
1
Sale Price
Brewing
95
94%
1
—5
0
"—5
4
common
11%
500
15
p.
Jan
Tlvoll
a24
a24
*
preferred
Bronze (Un)
6%
427
77/a
14%
15
*
City Ice & Fuel—
t
7141
__
5
Body
&
■
Pattern
Standard
High
Lota
Par
Akron Brass Mfg_;
f
STOCKS—i
Par
for Week
of Prices
Sale Price
P""'.-'.
Simplicity
:
Range
Last
STOCKS—
Sales
.
'/.P
Feb
8
*
WATLING, LERCIIEN & Co.
■
Garrett
Corp
General
„
Associate
Development
Holly
Motor
Hudson
Hunt
DETROIT
*
Telephone:
Corp
10
common
common—
Goodyear Tire & Rubber Co com
Hancock Oil Co "A" common
Chicago Stock Exchange
Detroit Stock Exchange
Ford Building
York Curb
New
Stock Exchange
New York
Paint
Corp
Motors
General
Members
Oil
Randolph 5530
Lincoln
Oil
Detroit Slock
Exchange
Week's
Friday
Range
for Week
of Prices
High
Shares
Last
Sale Price
STOCKS—
Par
Allen
<
Electric
Continental
,
Gray
I
14%
15
955
10%
0
2,240
*
48%
3
17%
37% Mar
3
17%.
48%
2%
16%
260
—
15%
15%
15%
420
j
Steel
i
j:
}•
i;
,.
j I
i
|
'
4.
,
2,254
21%
Jan
2,158
1%
Jan
720
5%
Jan
10%
Oct
166
15%
Jan
23
Oct
—
i
•
4
11%
13%
665
7% Mar
12
7
74%; 74%
167
13% Nov
74% Sep
.
13%
74%
.
9% Mar
530
12%
.
5%
11%
12%
.
5%
6%
.
—
»
235
| J
II
Kinsel
.
Masco
it
McClanahan Oileommon-
Michigan
Mid-West
Corp
..
I
e
■,
P
Packard
,
t
!!.
Sheller
6
May
100
3% Jan
1%
5,675
1 Va May
6%
6%
100
2%
3
19,510
85c
m
58,223
4
4%
7,950
—
3
<•
l'/a
-
4%
Oct
12% Aug
2%
Oct
16%
"Oct
25
7"%
6%
Oct
Jun
Oct
5% Mar
1%
3
32c
2%
Lighting Ccrp common
Pacific Public Service Co com
Corp
Oil
Western
preferred
Rice
Oil Co
Ranch
Oil
Richfield
Corp
Shell
Trading
Petroleum
Signal
Ltd.—
Jan
1.25
Nov
Jan
4%
Nov
Corporation
3%
2,525
1%
Jan
3%
3%
30
300
2%
Feb
4
Aug
125
22%
Jan
31
31%
Oct
Jan
19%
7%
8%
1,745
5%
Jan
4 %L 4%
34 -134%
25% j29%
4% ; 5%
4,600
3Va
Feb
669
29%
Feb
36
13
Jan
29% Nov
7,525
2%
4% ' 4%
6%-v 7
1,000
3% May
Oct
Amer Rad &
2,500
3% Jan
Nov
Amer
14
Jun
American Tel & Tel Co
Anaconda Copper Mining Co
10%
Nov
Armour
28%
4%
page
6%
*
-,-,-10
—,^,1
—
Manufacturing
2180.
,
13%
^1,,
1
10%
-
13c
1
35
6%
377
2
51%
13#
10%
10%
8,724
200
_
3,080
-
Jan
:
7-v
Jan
8%
Oct
4% Nov
4%
Oct
Sep
M„g Co.
Cardinal
Jan
7%
100
.
20
Imperial
Zenda
#
40
47%
33c
6,200
10%
Unlisted
Ar Co
'TT1V—.
100
50
——0
r
53
Jan
27%
10,700
216
7c
Jun
23c
14% Aug
26% Jan
30'/a Jan
Oct
Nov
May
Oct
Feb
July
Oct
17% Mar
36
Oct
,.32V*
Jan
~
40
Jun
Jan
57%
Jun
Jan
45 Va
Jun
Sep
71/*
Jan
Jan
1.070
17/a 18/a
15
3,504
-24% 25%
Jan
Jan
5%
3,147
670
44
b/4
31V*
Mar
-
39%
39
496
10% Mar
IP
-25%
Oct
19
Oct
50%
Sep
28
Feb
1.988
20%
Jan
800
15%
Jan
28
Mar
25
16%
Jan
30
Oct
25
6%
81
23% 24% ,
Jan
25 Va
8%
Mar
Jun
10,000
—3/
al88% al85, %ai88%
a40
a38 A a40^
Sep
2c
Sep
9c
May
2c
May
5c
Feb
6c
Mar
lie
Jun
»
600"
'
452
JM*
fti857/aal88Va
7c
4,500
3
11c
July
45,000
™
Jan
lc
17,000
3y
7c
6,000
Tc
"A
10
17c
696
38% 38%
50 /. 51%
.
Stan San Corp..
J
& Refining Co,——
13%
Jan
Jan
796
Nov
-Jan
45c
4©
—
Stocks—
July
49% Mar
25% Aug
--
Smelting
Oct
8
Jun
41%
30
3c
60
26 %
Jan
120
<•38
—
Aug
59% July
6% May
—'
25c
Mining Co,
Oct
Nov
38
^
Mar
146
ji
--
Gold
Oct
13
Feb
5%
5,036
25
•
•
Mng
Oct
Oct
41% May
Apr
50
P
200
Co——--1
Development Co Ltd
25c
Gold
Oct
44 %
P
Jan
48%
277
24%
1.25
35% Mar
'110
-
-vP; 146
JA
;
80c
Jan1
Jan
31% 31/a
a62^
Oct
Jun
;
34%
38 Va
—
18 /«
Feb
Apr
10%
28,300
35/a
Aug
Nov
23c
Jan
612
115
31%
25
90c
Apr
25
25
45%
4%
Jan
29c
953
t
35
45c
Jan
300
51
4%
6% Aug
20c
40,650
a28/. a29 /8
12c . 14c
^A
Sep
<
75c
Feb
8c
435
TY*
50
'
Nov
33% Oct
192
Jan
3,850
45c
87 %c
Aug
55c
II,750
13 a
—
--
Jun
^,4%
Cp„—
For footnotes^ see
Jan
13%
•
--
44c
13/s
July
;
3% Aug
5,700
a7% .7%
24%
230
——i
4|c
13%
Jan
30c
100
26%
7%; 7%
48% 48%,
.T«
150
18%
..
7%
;,22%' Oct
Jan
1.45
500
13 ^
44%
41 k
a367/8
a587/a
a58 /a
alO%
26%
.10
30%
18%
4%
—
41 /a
a36%
a587/8
a577/»
al0%
Feb
60c
50
7,429
a337/. a337/a
30%
—
1
44%
a337/a
18 %
,
—
11%
Oct
19c
183
9
1.20
Wes^terrfl/Ur"Line^1 Inc——--1
—
8
—
\
55c
19%
May
Oct
30%
•
—
__
-!
25
Milling Corporation—
•
Corporation-—2
Transcontinental & West Air Inc—-5
Union Oil of California
25
*
Car common
44%
Jun
45c
156
65c
—
Transamerlca
3%
30
—
50c
1.05
1-20
6% July
Jan
13% Jan
200
10%
Oct
Oct
May
1
preferred class B
preferred C
Southern Calif Gas 6% pfd cl A
Southern Pacific Company
Standard Oil Co of Calif6%
5%%
OU
10%
—
-15
25c
Southern Calif Edison Co
Sunray
90c
15c
—
(Calif)—
Co
44c
i .f s 4%
22%
9c
5,650
a70c
4%
44c
10V*
—
Corp
Oil
Sinclair
4%
1.35
32% May
25c
1,000
6,000
4%
62%c90c
15c
16c
—
30
Corp.
a70c
—
3%
100
5%
55c
17
al84%al84%
—
——1
Company
Union Oil Corp
Sierra
—
18,200
20
20
80c
87%c
a32% a33%
80c
•
common
Aeronautical Company
Security
10
-1
50
1
5%
55c
15
—
—
Republic Petroleum Co common
5%%
Jan
a33%
25
10
•
Co
Pacific
Pacific
15%
15% July
5%
25
5%%
Indemnity
Apr
700
300
—
Taylor
Nov
3%
__
common
1st preferred
1st
pfd
6%
Pacific
Ryan
7%
& Elec
75<S
29%
—
*
25
Products
Clay
Gas
Oct
1?# Nov
7% Jan
Jan
Pacific
Pacific
Jan
22
1.35
Oct
53%
276
Oct
28%
95c
Sep
Oct
84
22
1.25
1
1
-1
1
1
74%
18
62%
—
1
Co
5
River Raisin Paper—,—
Scotten-DUlon
360
Oct
Oil
Oceanic
-10
—
——-
(H W)
7
6%
*
—
Park Chemical Cq—,
Parke, Davis & Cb
Parker Wolverine
Peninsular Metal Products
Rlckel
7
16% Jan
255
1%
50c
,
Motor
21%
6%
1
Wheel common—,
Motor
Murray
Jan
1%
—I
Sugar
common
Abrasive
Products
Motor
;
12%
6%
—1
Products—.
l\' Michigan Die Casting
5'
16
21%
—
2
common
Is
Screw
"
1
Drug
Wines
Jan
1
Kingston Products
%
16
—
1
1%
400
2%
5% Jan
1,400
5%
*
'
—
*
common
Hurd Lock & Mfg
La8alle
"
Jan
62% Jan
3% Jan
1,433
9%
2
—
'
2%
Apr
1,190
6%
9-
—
13% May
225
12%
5%
.
4-
»
r
Hoskins Mfg
Houdaille-Hershey
Nov
10%
1
" " *
''
4%
22%
1*
Brewing
i~
24% Nov
4%
9%
1
;
common
Valley
Oct
Jan
22%
.
—
—r—10
Brewing
..
Oct
7%
—
3
1
Grand
16%
2,490
-
is
Jan
—
IndustriesGeneral. Finance common
General Motors common
Goebel
Nov
May
4%
24%
Oct
3
18
-^2
—■
Wood
Graham-Paige
5%
Nov
1
Corp—
*
1
Gar
8%
48%
Nov
Jan
1 % May
14
552
6%
24%
6%
24%
20 '
5
r
Federal Motor Truck
Frankenmuth Brewing
i
6%
,—10
Stove
Detroit-Michigan
Detroit
i
15
1
common.
Iron--—
f.
15
a
Motors
Edison
Detroit
Detroit
i
Jan
4,640
Detroit & Cleve Navigation
i
4
4
1
High
July
4%
—
Manufacturing
Brown, McLaren
Burroughs Adding Machine—
.
2
4
—
,
Briggs
i
Low
—1
—
Baldwin Rubber
t
Range Staoo laiury 1
Low
Feb
Oct
50% July
60
84
P.'';-9%
Jan
12%
107
22
1 %
Corp
—
Mt Diablo Oil, Mng & Dev Co
Nordon Corporation, Ltd
.Northrop Aircraft Inc
Occidental Petroleum Corp
Pictures
Monogram
84
62%
480
a62%a62%
*
,,
100
1
1
Co.
Manufacturing Co
Merchants Petroleum Co
Menasco
Sales
•
—
Co
Investment Co
Angeles
—
1
—10c
1
Co
Petroleum
Mascot
•
10c
Lockheed Aircraft Corp
Los
18
—62%
1
10c
Co
Lane-Wells
—
"
Co
common
Hupp Motor Car Corp
Intercoast Petroleum Corp
Jade
*
—
1
Co
Car
Inc
Foods
—
8%
73%
2->i
—
100
~
'
12
-
42%
161
Jah /
Jan
Oct
Jun
Feb
183
Sep
39
Oct
330
,
18
60 y*
May
29 V*
Jan
7*5
«i/„
.?•**»
V
Monday, November 5, 1945
CHRONICLE
THE COMMERCIAL & FINANCIAL
2176
OTHER STOCK EXCHANGES
NOVEMBER 8
RANGE FOR WEEK ENDING
Week's
Range
Service
a58% a58%
Jan
94%
Oct
a26 Va
27%
Oct
Transit
a44%
pfd
Co
Ry
Corp
Iron
,
Copper Corp
Kennecott
McNeill it Libby
Libbv.
"
•
1
Id
•
American Aviation Inc
American Co
North
Company
Oil
Ohio
Pennsylvania Railroad Co
Dodge Corp
Pure
—111
25
Pacific
United
Rubber
Oct
Blaw-Knox
Oct
132
9%
a56% a61%
8%
40% Mar
45%
54%
Jan
65
1,440
5%
Jan
12% Aug
145
50%
Jan
59%
all7/s
Oct
30
Jan
37%
Oct
Lone
45%
615
35% Mar
45%
11
11%
926
Jan
11%
Oct
25 % July
30%
Oct
7%
210
a29% a31
12%
Jan
72%
72%
72%
28%
29%
Commercial
868
NOV
National
Jun
Pittsburgh Brewing com
Pittsburgh
Plate Glass
Pittsburgh Screw & Bolt Corp
13%
a
Radiator
72%
32 Va
13%
300
9%
Jan
14
27%
315
19%
Jan
27%
Nov
19%
118
16 %
Aug
20 Va
5%
Jan
8%
Oct
Renner
Oct
San Toy
19%
a
1,220
8
43
28% Mar
205
a45 %
a43
41%
736
41%
Oct
260
26
Mar
35
Oct
Standard
135
48% Mar
64
Oct
Vanadium
Jan
33%
75
17%
Jan
558
10%
Jan
16%
a26 % a27%
215
19%
Jan
26%
25%
2,716
36%
Oct
38%
Oct
16%/ 16%
445
13%
Jan
17 Va
Apr
376
34%
Jan
52 Va
Jun
10
29%
Jan
35%
Oct
77
35%
Jan
a64% a66%
159
57%
78
11%
Jan
Jan
67 Va
al7% al8Va
a28%
a27% a29
340
18%
Jan
30 Va
a37%
170
31% Mar
34%
Pennsylvania
56%
56%
382
49%
51%
51%
21%
140
39% Mar
51%
Nov
225
17%
Jan
21%
Nov
a96% a97%
100
84%
Apr
98
Oct
127
Aug
21%
Sep
32 Va
Jan
3%
2,240
4
$1
*
160
58% May
68 %
78%
444
81%
340
Apr
21%
Phila
55
44 %•
Jan
49 %
a50% a52
,
270
Jan
4%
100
Jan
Oct
10%
Nov
3%
1% Mar
Aug
285
18%
Jan
29%
Oct
8%
8%
25
7Va May
10%
Jun
7%
7%
610
7%
Oct
5%
Apr
25%
26%
120
18%
Jan
27
Oct
14%
14
14%
417
10%
Jan
15
July
12
11 Va
9%
9%
25
9%
Oct
9%
Feb
12%
2,810
1%
Jan
26%
300
4% July
26% Nov
21
605
3%
3%!
148 Va
146
148%
Feb
999
4«/a
26%
3 %
"
6
45
12
4 Va
4%
148
9%
Jan
2% Jan
118% Jan
633
Jun
8%
•
1%
6%
Jan
4
156%
Oct
9%
Oct
Jan
400
90c
2
Oct
51,050
5c
Jan
10c
Nov
7%
Sep
Jan
10%
Nov
19%
Oct
Jan
39%
Nov
35%
Oct
1%
10c
Jan
10c
X
1
*
10%
39%
38%
33%
33%
34%
187
27% Mar
35
34%
35%
370
31% Aug
37% May
6c
10%
10
18%
18%
225
18%
135
39 Va
375
9%
34
North
4th
St.,
1871
St. Louis 2, Missouri
Members
York
New
Stock
Phone
Exchange
CEntral
Louis Stock Exchange
St.
"
7600
Bell Teletype SL
Chicago Board of Trade
Chicago Stock Exch.
York
New
Curb
593
Exchange Associate
St. Louis Stock Exchange
Week's
Low
Low
High
25 Va
977
17%
Jan
25%
1.262
157%
Jan
188%
Nov
16%
23%
1
10
125
30
Mar
37
Nov
9
505
8
July
10
Mar
18 Va
Oct
Key
10%
Jan
21%
Sep
309
92%
Jan
Knapp Monarch common
Laclede-Christy Clay Prod
18 Va
505
19%
19 %
127%
128
1.032
9%
Jan
24%
3.326
16%
Jan
24
Laclede Gas
Laclede
A
52%
Nov
75%
Sen
Midwest
Oct
42%
Nov
Missouri Portland Cement common
14%
15% V
1.168
12%
Jan
16%
12 Va
11 Va
12%
565
6%
Jan
12%
13 %
1.199
7%
Jan
17% Jun
13% Oct
42%
Apr
23
Oct
335
34
Mar
55
698
14%
22
52
55
21 Va
Jan
21 Va
65
62 Va
65
85
47 Va
Jan
65
July
43
43
165
1%
Feb
6
Oct
5%
765
23
Jan
45
Oct
45 Va
93
39 Va
Feb
45%
Oct
5%
44%
.
Nov
Oct
3Va July
6
Oct
Feb
12
Oct
Jan
19
6
6
100
11
11
200
19
11
19
20
11%
17
17
17%
705
9%
Jan
18 Va
4% May
6Va
Oct
Oct
6
100
6
250
24
24 Va
30%
31
35
28
29
200
33
34
370
27
27
8
Oct
Sep
17 Va
Jan
24 Va
27 Va
Jan
36
Jun
17 Va
Jan
29
Nov
34%
Oct
Candy
Car
Louis
St
Jun
1
& Supply
Piping
7%
40%
_50
44%
•397/a
•
28%
27%
d
44% Vr' ^
610
29 Va
4.129v
•
25
28 Va
27%
28%
32 y«
31%
32%
5.473
1.857
,
29
8.33
common
A com
8%
Oct
42 %
Nov
Stix,
1
37% Mar
44% NOV
21
Jan
29 Va
Nov
24% Jan
28%
Oct
32%
Sep
709
682
27% May
& Fuller
common
Wagner Electric common
'•%/'
V
■
33
10
—15
'
20
Aug
Jan
30
16%
17 Va
60
11 Va
Jan
17 Va
50
17%
5
1
Scruggs-V-B Inc common
Sterling Aluminum common
Baer
29
10
common
St Louis Pub Serv class
5% Jan
8%
42 Va
■_*
com
32% Jan
_1
.50
•• •
16
20 Va
20
common
Jan
20
,;;v
Light common
Steel
19%
1,461
~
Oct
100
45 %
*
41
5
4
com
43% Aug
497
75 Va
42%
8%
20
1
62
52 Va
71%
13
Light
34%
Jan
'
14%
50
Jan
13 Va
41V2
5%
common
common
Oct
42%
50
Co
Nov
23%
74%
Shoe
Johansen
Sep
24
50%
22 Va
100
*
common
60
17%
—
55
125
20
100
—
International Shoe
Oct
22%
i|i_#
22
34%
22
5
10
100
Nov
34
20
34%
15
com
Jan
Sep
22%
—10
Brewing
31%
17%
122
8%
1
common
22%
2
280
127Va
1
5
&
Jan
20%
29%
Oct
100
24% Aug
10 Va Jan
20%
28
—
Brew
Preferred
Oct
185% 188%
14 Va
14
37
D) common
Hyde Park Brewing common
Hydrauiic Pressed Brick com
High'
High
Low
7%
14
37
Bottling common
Brewing common
(S
Range Since January 1
High
1
Griesedieck-Western
Huttig
Range Since January 1
Low
common
Mfg
Falstaff
V
Shares
Shares
common
Inv
Columbia
for Week
for Week
pat
Sales
Range
of Prices
Sales
Range
of Prices
Friday
Nov
48%
Week's
Last
Sale Price
STOCKS-
25 % July
Apr
Jan
41
204
48%
48%
17%
Oct
37 % May
31% July
200
34%
34%
al9% a20
—*
pfd
3
13
29%
Jun
13%
Elec Power 8%
1,331
Established
Nov
28%
.1—5
;
10%
9
3
com—12 Va
300
Oct
21%
59%
13%
Jan
21
»
common
244
19
Nov
68%
Light
preference
19%
5% July
19 % Oct
Jan
4
68%
•
Salt Manufacturing
Penna
Apr
•
Oct
59
Jan
1%
common—
Philadelphia Electric Co common
3%
Edward D. Jones & Co.
Oct
27%
30%
30%
—
RR
30
24% Mav
Air Brake
Jun
545
Works v t c_,
Pennroad Corp
38%
4%
40% Aug
common
6t
Jan
4%
Oct
a37% a37%
18'A
common..;
Power
28 Va
29 Va
Steel
Alloys
Oct
a40% a42%
%
National
National
High
85
St. Louis Listed and Unlisted Securities
al8%
a 66
24%
Lehigh Coal 6c Navigation—.....
Lehigh VaUey RR_——
Low
38%
Oct
41%
188%
—
Range Since January 1
High
36%
Jun
a48% a54
ale Price
Battery—
Low
Oct
12
38%
36%
Feb
■
Motors——
Shares
Jan
common
Westinghouse Eiectric Corp
Sep
33%
Brothers
Gimbel
for Week
28% Oct
16
220
& Tel
Storage
Electric
8ales
Range
20 Va
Steel Springs
Westinghouse
20% Mar
a49% a55 %
American Stores
General
Week'*
1
35
a2l% a22 %
Par
Power &
July
1
41%
Last
Pub Co
21 Va
71
Mining
35
a60% a63J/a
Friday
Delaware
Oct
30
23 Va
Co
Shamrock Oil & Gas
a55 %
STOCKS—
Curtis
18%
20%
i
Feb
July
78%
Chrysler Corp
Nov
22% Nov
20%
1
Corp
Jan
22
Philadelphia Stock Exchange
■■
Nov
49%
Jan
of Prices
10
•
10
Fuel Supply
Fireproofing
Coca-Cola
Mtg Co
4%
Jan
13%
,1.687
10
1
*
10
Century Electric Co
1GG1
Jan
38%
23%
Mfg
McKinney
Mountain
American
Budd
1%
354
5
Gas
Burkhart
Budd Wheel Co—.—1-:— ■
2.927
22 Va
10%
Refractories
Walker
Star
27%
—10
Company
1.801
4%
20%
•
com—1
10
Corp
Jan
48%
597
29%
Jan
Inc__
Autocar
Jan
3
Nov
9%
140
a 12%
117%
(F W)—
Baldwin Locomotive
1%
1% July
3% Jun
59%
2%
3%
47%
19%
Steel
Harbison
337
45%
1
Tel
Oct
*
Brewing
Pitt
a33% a35%
45%
12%
American
3
Apr
*
com
Brewing
Follansbee
Fort
Oct
Co
Gas
Oil
Duquesne
al2%
*
Motors
Jan
%
842
*
Co
Continental
Devonian
Sep
Aug
90
Westinghouse Elec & Mfg Co—
ComDanv
1
—
Gas & Electric common
Columbia
a35%
III5
Woolwortb
Oct
673
.
Sale Price
Steel
Natural
Arkansas
al37%al43%
Corp___
—
Warner Bros Pictures Inc
Western Union Tel Co A
Willys-Overland
48
Par
Oct
a69% a70%
5
Co
Aug
22 Va
10
Inc
Ludlum
Allegheny
18%
40
IIlO
Steel
42
Last
Jan
—10
(Del.)-
10
3
.13%
STOCKS—
Oct
al43%
Corp
Corporation
Oct
48
Oct
:ioo
Inc
Air Lines
Aircraft
S
9%
a50% a53%
*
Railroad Co
United
S
325
29%
Jan
a53%
—10
Carbide & Carbon Corp.
U
19 %
48%
Co
Union
Nov
72%
48%
Oct
8%
Jan
25
Union
U
227
a44% a44%
Water Assoc Oil
United
27
Jan
Jan
—»—————2?
Co
Gulf Sulphur
Texas
5%
4%
a53%
«
61%
Jan
Friday
' Oct
Mar
21
70
36
38 Va
.15
Studebaker Corp
.
Swift St Co
————
Texas
Sep
70
Brands,
25
Feb
57%
1%
Oct
a26% a26 %
Inc
Standard Oil Co (Ind)
Standard Oil Co (N J)—;
Stone & Webster, Inc—:
Tide
209
16
405
38%
Socony-Vacuum Oil Co
Southern Railway
Co—
Standard
95
a30
15%
(new)
42%
164
Pittsburgh Stock Exchange
Jan,
a46% a48 %
Del
of
Co
Roebuck & Co
Sears
217
70%
2%
Nov «;
2%
Feb
14
9
a48%
of America
Oil
Seaboard
61%
69%
Oct
May
Oct
a27%
Co
Corp
64%
4
Oct
a22%
Republic Steel Corp
45
%
25
Oct
:
16 %
•
Inc
Oil
10%
20
32
a36
7%
Phelps
Radio
Jan
Jan
365
:
a8%
a27% a29 %
18%
18%
al8«/8 al8%
1
50
25
Inc
Pictures,
Paramount
Pullman
4%
16%
29% Mar
17,?25
2%
a7%
Co—
Car
Motor
Packard
515
32
9%
Jan
2%
common
Westmoreland
National
Montgomery Ward & Co, Inc
New
York Central RR—
North
10%
a29
a61%
36%
—25
corn-
preferred
United Gas Improvement-
Oct
a35
a30
31
Nov
1%
Inc
Loew's.
68%
25%
.15% 15%
Co
Northern
Interlake
Jan
Feb
50
*
Int'l Nickel Co of Canada
48%
20 Va
138
5
i
*
*
*
•
1
225
214
19"%
a28 %
Graham-Paige Motors Corp
68%
a33%
"2%
42%
1
Corp
$3
May
25%
a
_1
*
*
42
10
a8%
General Electric Co
General Foods Corp
Jan
a33
—5
Bond & Share Co
Electric Power & Light Corp—
39%
al9%
—1
Electric
Jun
100
Invest
United Corp
Oct
19%
19%
—1
—5
52%
Jan
10%
a
25
Apr
10%
68%
10
•
Edison Company
39%
400
25%
25%
29% Mar
48
Preferred
Jun
50
16%
15%
~
Electric Corp
38 Va
Jan
%
a42% a43
—25
34%
65
a 44%
Jan
70 Va
common
Mining
Tonopah
Jan
a44%
40%
19%
42%
,
17%
Olstss A
Great
Paper
Oil
68%
a 49'/a a 49
32% Mar
231
Tacony-Palmyra Bridge—
Class A participating—
372
Co—.
F)
Sun
160
—25
Zellerbach Corp
(B
Scott
Oct
Feb
49% Aug
48% July
High
103
24 %
60%
Oct
30%
Va
'■
37%
23%
—50
24%
-
■
36%
23%
1150
common
preferred
a92 Y» a97»/a
5
Curtiss-Wright Corp
Goodrich
8
2nd
5
Commonwealth & Southern Corp
Continental Motors Corp
—
Continental Oil Co (Del)
Crown
Aug
Jan
Jun
a25% a26»/a
Commercial Solvents Corp
Commonwealth
17%
9%
Low
36%
Co
Reading
Range Since January 1
',j!i:
High
Low
Corp
Oct
Oct
25
225
Philro
Apr
.—15
Co
Co
Columbia Gas &
%
135
22%
J/a
.
39%
a96%
Corp
Canadian Pacific Railway Co—Case (J I) Co
Caterpillar Tractor Co
Cities
»/4
29%
33,840
29%
—5
98
32% May
5% Jan
22%
5
Borg-Warner
Shares
Par
High
77% Jan
25
1,410
29%
13
Bethlehem Steel Corp
Borden
•
8%
8%
32
Rights'.;v^J_———
Boeing Airplane
a38
a38
~8%
Locomotive Works vtc_.
Barnsdall Oil Co—.———
Bendix Aviation Corp
200
a94% a97%
a96%
25
Baldwin
Low
High
Low
8TOCKS-
Range since January 1
Shares
Prices
of
Sale Price
-100
for Week
for Week
Par
CO—
Atlantic Refining Co.——
Aviation
Corporation —
Sales
Range
of Prices
Sales
Last
A T & S F Ry
Week's
Last
Bale Price
Friday
Friday
STOCKS—
•
50
20
27 Va
Feb
50
5
9
Oct
Nov
Oct
20%
20%
170
11 Va
Jan
20%
Oct
22
22
22
140
13
Jan
23
Oct
45%
44%
45 Va
309
35
Jan
46
Oct
Feb
101
Oct
-
*
BONDS—
St L
Serv
Pub
25-yr
inc
conv
101
1964
$2,000
101
80 Va
*
CANADIAN
RANGE
FOR
LISTED
WEEK
ENDING
MARKETS
NOVEMBER 2
Week's
Last
Toronto Stock Exchange
Canadian Funds
Friday
Par
Abitlbl
6%
7%.
Power
& Paper common.
Gas
100
Aldermac
Consolidated
69
173
12,553
75
170
18%
19
100%
,
44
9,455
125
-
310
,
2% Mar
140 9-
»
.
17
High
Mar
75
Jan
173
Aug
19%
"III
page
2180.
99
Sep
102
7%c
Jan
Feb
27
1.90
Mar
235
1.85
1.95
13c 14 Vac
9%c
lie
A:?
850
125
VOct
Feb
19c
9c
July
20c
Jan
70c
30,200
1.10
9.25
68c
17%C
19C
19c
40c
45c
90c
1,00
44c
1,854
5,500
«
Mining
Atlas
Yellowknife
r:
9c
12c
25C
36C
V
Mines—
Aubelle Mines Ltd
>
:
47c
Ashley Gold
Mar
20,200
1.00
9.15
44c
Astoria Quebec Mines
May
12c
1.10
II
93c
Arntfield
Oct
4.380
600
Arjon Gold Mines—
Armistice Gold
;
14 %c Aug
19%
25
131
Area Mines
Oct
60
Gold
103
124%
18% Jan
14%
Feb
97
Feb
103
Oct
95
Feb
131
Nov
73c
Jan
7.60
1.13 Mar
9.95
Jan
58c
Aumaque Gold Mines
8,900
16c
27c
May
Jun
10c
Jan
49 %c
16,200
21c
Mar
1.39
28,600
28c
Aug
r
,9
8,000
6%c
Feb
1,013,550
15c
July
41c
Jun
46C
55C
70c
77c
29,700
321,700
1.25
19,600
1.20
May
V 58,500
v
35c
74c
Mar
Jan
Oct
97c
Sep
v
Oct
225
LmJ.
...
Porcupine
High
Low
425
18
103
129%
Range since January 1
High
9.15
_•
Canadian Oil—
Aquarius
Nov
12,100
25
_•
common-
Shares
16
18
"100
ik.
Ltd
Anglo Huronian
;
A 5% Nov
102
100%
25,
10c
see
Low
5%
74%
1
Copper
footnotes
4%
Anglo
Range Since January 1
9c 10 %c
t.
Ft
5%
it Oil-.
Pacific
Shares
Aluminium
High
ii%
common
Agnew Surpass Shoe common—
Ajax Oil & Gas
Alberta
for Week
of Prices
Steel——.
Preferred
8ales
Range
Low
.100
Sugar
Preferred
Acme
#
.ioo
preferred
preferred
Acadia-Atlantic
Week's
[i-i Last >
Sale Price
0TOCK3—
Algoma
for Week
Low
Par
•
Sales
Range
of Prices
Friday
Sale Price
STOCKS—
Oct
Oct
50c
.
May
21c
Mar
36c
Oct
1.03 May
88c
Oct
1.90 Apr
2177
CANADIAN
RANGE
FOR
LISTED
WEEK
ENDING
MARKETS
NOVEMBER
2
,
Friday
Week's
'
Last
Sale Price
/.' /
v
far
Delnite Mines
Distillers
Dome
Seagrams
Ltd
i
>
MEMBERS
293
BAY
THE
TORONTO
STOCK
EXCHANGE
Dominion
,
Magnesium
A
LAKE—TIMMINS
Dominion Steel
Week's
STOCKS—
Sale Price
Par
Gold
Aunor
Mines
Mines
jbagamac
of
Bank
of Nova
Eank
of
Class
Bear
4.25
60c
15c
16c
6,200
19%
20
445
16%
30
30
135
30
*
17Vic
*
190
12%c May
Beattie Gold Mines Ltd
14
1,000
6%
5%
6%
1.68
1.50
1.82
219,970
1.30
1
3
680
30%
Jan
19%
6%
Apr
1.22
Jan
24%c Mar
Jan
2.35
Jun
Donalda
38
common
Belleteire
100
Mines
Quebec
Oct
Oct
Feb
1.90 May
Amphi
Crest
Ribbon
Bobjo
Gold
Bonetal
Elder
1.53
83,300
1.27
1.40
37,
Sep
Fanny
9.50 Mar
15
Oct
Federal
90c
18
1.40
Jan
Aug
Oct
37 :
14%
.345
10
Mar
14%
Nov
12
12
165
Jan
12%
Oct
54
53
54
410
19c
18c
19c
14%
7%
1.46
55c
May
class
B
Nov
Foundation
Fraser
Mar
Frobisher
Exploration
Gatineau
Power
12,027
15 %c
Jan
45c
Apr
41,700
30c
Oct
67c
Jun
b'U
32c
7,300
36c
Oct
67c
Sep
5%%
17'A
16%
17'A
1,428
14%
Jan
18
Feb
General
Products
12%
12%
12%
50
8%
Jan
12%
Nov
General
Steel
15
95
6%
Apr
15
Nov
24%
22'A
25
6,039
22'A
Feb
28% Aug
Giant
11%
11%
11%
235
8'A
Feb
11%
NOV
Gillies Lake-Porcupine Gold
25
1,780
23 %
Aug
25%
Jun
12
pfd
Mfg
Glenora
Wares
100
25
Apr
37% Aug
God's
865
20%
Sep
27
Jun
5.10
51
1
1.90
1.90
2.00
4
5.60
5.60
5.75
1.160
39c
42c
21,900
21%
22%
•
41c
*
22'A
5c
5c
4%c
12%
*
12%
5.00
8C
12
11
12%
2.15
Goldhawk
78c
Feb
Golden Arrow
Calmont
1
38c
38c
41c
2.45
Sep
Golden
Jun
6.50
Jan
Golden Manitou Mines—
1
1.80
1.80
1.90
Eagle Mines
65c
Aug
Goodfish
Apr
Goodyear
10%
Jan
13'A
Oct
15%
Sep
Jan
Jan
2.15
Feb
Grandoro
Nov
Great
Jan
5%
45
5
Oct
102
35
101
Oct
Mining
Tire
Rubber
&
750
class
Graham
Bousquet
29%
31
41c
2.40 Aug
6% Mar
102
;
,
Lakes
Breweries
74c
83 c
72,800
48'A
48'A
200
4.55
5.10
3,800
13
360
5.00
12%
12%
102%
102 %
1st
48%
Apr
1114
11%
410
7%
Jan
36
3614
40
32 %
Jun
36%
Conv
18
230
12%
Apr
18'/a
Oct
Halcrow Swayze Mines
11%
Jan
Oct
Halliweli
18
17%
17%
18%
1,110
45
44 %
45
225
9%
50
9%
4
19c
91/2
18%
Feb
130%
39% Jan
5%
Jan
57
New
16C
11%
18%
Oct
Gold
Gold
July
10
Hallnor
$1.75
Hamilton
16'A
16%
646
14
Jan
19%
Oct
Harding
20%
18%
21
14,223
8
Jan
21
Nov
Hard
56
60
1,505
44
Jan
b'0>
Oct
Harker
Class
Food
23
685
1514
Apr
23 %
Oct
25 %
275
25%
Feb
23%
23 %
24
705
Oct
*
16
15%
16 %
825
10
Sep
16'A
Oct
Hedley
33 %
33
33%
355
27%
Apr
33 %
Nov
Heva
•
Alcohol
58
3 %c
Apr •'
27c
Jan
6,300
19c
Sep
113,300
35
45%
Jan
38
30
37
Oct
39
Oct
Highwood
Scarcee
29
120
19% May
32
Sep
Kinde
4
14%
13%
14 %
5,722
10
Sep
14 %
Oct
Hollinger Consolidated
18
17%
18'A
2,794
16%
Oct
20
Sep
Home
Malartic
A
Oils
0
__
—
&
97c
8C
8%c
2,500
4c
Jan /
14c
92c
15,900
G5c
Jun
95c
65c
58c
67c
199,700
26c
July
75c
Oct
Canadian
Pacific
Tire
Rubber
&
Wirebound
37
6%
555
1.15
4,325
11
100
Ry—
Canadian
Canadian
11
11%
101
16
Howey
Hudson
101
Oct
Oct
40
1.35
9c
Jan
24 %c
Sep
1.33
1.30
1.40
9,770
33c
Jan
1.40
Oct
5c
Jun
18
11,962
11%
Jan
22
100
15%
Jan
22
Jun
75
20'A
Jan
27
12c
26%
1
2.70
2.60
2.70
1,000
1.80
Jan
2.90
Apr
1.60
1.55
1.65
2,800
1.00 Jan
1.80
Oct
2.70
2.75
20c
22c
2,695
16,600
12%c Jan
Gold
Centremaque
Chateau
Mines
2.75
X
22c
1
Gold
Mines
45C
riioo
Trust-
Gai
120
9
Wines
33c
Chesterville Larder Lake Gold Mines—1
*
Chromium
Mines
Circle
Knitting
Bar
w——-
A——
1.89
Wlllans
Cockshutt
Plow
Gold
Jan
2.95 Aug
33c
May
Conwest
Cosmos
Cournor
croinor
Crow's
Box
Nest
Pass
Davis
Leather
For
1.50
Jun
Jan
17%
2.94
Sep
Jan
Huron
&
class
Imperial
Imperial
Imperial
Imperial
Erie
*
8%
Apr
8 %
Apr
12%
13%
45c
13%
C
,V
6% Aug
Jan
14%
Apr
5.95
8%
8%
9
18%
12%
Aug
85c
May
1.33
14
May
73%
70%
73%
1,095
49
Jan
145
144
145
145
1.20
1.10
1.25
8,700
1.00
Jun
6
6
8
206
3%
Jun
27%
215
68c 69 %c
13,300
6,800
27
68c
1.45
1.40
1.50
1.45
"
142
Jan
Jan
Aug
15%
2.25
Apr
J
209,690
17,188
54%c Jan
78c
73 %C
43 %c
1.55
44,000
1.55
14.000
77c
59c
18,150
20c
Apr
12c
<10%C
8c
Oct
II
12c
15%
Sep
Oct
4.35v
14,487
3.05
Jan
4.35
Nov
4.30
3.90
.
-
42c
49C
13c
13C
9,500
66c
65c
68c
40,800
44c
Kirkland Hudson
32
33
30c
28
25
89
Labatt
54c
Oct ,V
Jan
35%
Feb
Sep
38c
Oct
36
Oct
20
May
19%
mm 520
22
22%
14%
14%
13%
13%
13%
32
10
1.15
96c
1.20
40,900
29%
28
29%
830
>:■
,
,
12
1.630
Mining
Dufanlt
32
'
32
Nov
Sep
;
1.40
Feb
100
Jun
13% July
Jan
22%
Oct
16%
30
Nov
At>r
July
101% Aug
;
Oct
38%
37%
39
2.660
31%
Jan
41
4
-*
21%
20%
21%
6,925
20%
Nov
24 % Mar
—!
1.45
1.30
1.54
38,575
90c
Jun
3.55 Aug
1.50 Sep
1.15 Jan
1.45
1.45
100
50C
45C
54C
220,800
20c
Sep
23 %c
22c
27,700
10c
11,200
3c
5.060
28c
Jan
5.606
5'Ac
45c
3c
Jan
62,130
55c
Jun
July
47c
9c
13c
6c
9C
7C
75c
72c
60c
40c
39c
43c
19,200.
35c
.1
15%
15%
15%
6.373
•11%
1.50
1.45
1.55
3,000
50c
1.67
1.65
1.72
17,093
Oct
24c
Oct
13c
Jan
8,844
f
Jan
//
59c
Jan
V
24c
6%c:
.1
.1
&
Mines
ExplorationLtd
*1
.
Apr
60c
v
A
18c
July
Apr
12 %c May
-
1.35 May
1.00
30
38%
Feb
Lake
Fortune
10,600
60c
Jun
1.12 Julv
Lake
Shore
100
60c
Apr
2.10
Jun
La
15c
19c
23,142
12 %c
Jan
19c
Nov
Lamaque Gold
29
29%
295
28'A
Sep
31 % July
12%
12%
12%
110
11% Aug
Gold
Mines,
Mines.—
Ltd
.1
35c
2,500
14c
Jan
23%
2,035
21%
7.05
7.45
1.01
1.10
3,000
15c
17c
22.200
22
22%
15C
22
Lang & Sons——-----Lapa Cadillac
———
—
L7»995
.
Jan
5.75
Oct
994
Jan
8.50
8.60
19%
20
155
18c
108,200
13c
,
•
,
15% Jan
9c
Jan
Oct
Sep
8.00
Oct
1.76
Jun
24%C Apr
Jun
6.15
49c
23% July
2.35 Jan
12c
17%
1,122
20
16 %c
,
1.05 Mar
..
400
6.25 :
8.50
il
i
,
'
6.00
*
/
Sep
2.25 Aug
1.78
Sep
7.35
Jun
16 V*
.
Jan
34c
Mines———
Mines—
59c
Jan
Mar
23%
35 c
.J
*
Luz
22%
"4
Jan
;
Oct
92
Aug
71c
100-;
100'A 100%
34% Jun
Apr
18'A' Feb
13%
6,428
«
...
Mar
85
10
—
(John)
Labrador
i.aee
42
July
Jan
23 %
92c
13
34c
26c
25
89
Oct
Apr
30
;
32,200
28
1.09
Apr
2.030
27c
1
1.50
18c
27'/2c
10,400
33
50c
17%c May
3%c Jan
•
.1
Gold Mines
Townsite
July
•
20
;
Mar
25c
77,000
12c
Jan
18
985
46c
100%
14%c Feb
Jan
15%
32
Oct
Nov
Apr
10'A
20
14%
28 %c
Lake —
43
9,100
1.55
65c
Oct
4,596
20
20
15%
.1
Kirkland
Oct
96c
Jan
54c
Oct
Apr
2.26
—
91c
42
Mines—
Mining
Kirkland
Sep
V
Jan
81c
1.30
1
Qpebec
Nov
1.92 Mar
•
—
Consolidated Gold
M
65c
Mar
20c
44c
1.95
55 %c
,1
1.60 Mar
75c
16c
32c
i
Kerr-Addison
27%
1.07 Aug
Jan
1.85
50c
Mines
Mines
1.50
92c
—
Mining
Apr
5%c
-
—
Oct
Jan
Oct
68c
-
1.92
*00
Mines
74%
Sep
Oct
Jellicoe
Joliet
55c
11%
5.650
82,775
5c
Kayrand
v
Apr
6%
465
11
84c
Jun
9
—.—.—
Jun
8
Nov
1
Gold
Waite
Jan
23
1.35
Jacknife
2.09
Feb
18%
•
Mountain
16
149 %
Uranium
1
Mines
83c
June
12% May
Oct
15 %c
1
Oct
15%
13c
ordinary_5
Anr
570
14c
42c
Apr.
4.50
Feb
83c
44c
Oct
6%
10%
preferred
14%
4.025
83c
40c
Apr
Jan
14%
——————
■
/
54c
'
3.10
10%
„
Petroleum—
International
Jason
Jan
35c
15c
1.245
Feb
Oct
24c
Jan
29,450
22
preferred
Nov
43c
Apr
52,700
7C
4.50
Mines
500
520
•
4% %
Jack
1,610
5c
3c
18c
6c
4.50
15 %c
100
common
International Nickel Co common—
Jacola
12,900
Jan
1
Min & Devel
International MCtals class A
Sep
71c
8%
4.50
A
Varnish
Island
75c
Jan
6%c
17c
16
12%
22'Ac
-
Nov
"
681
8,500
2,360
16
41c
Nov
Nov
Oct
32
•
Apr
Mar
Nov
34
Apr
4%
-
1
Oil
Tobacco of Canada
29%
A
2180.
23c
26% May
80',i
10
10%
23
600
/ft---;/-100
10
Jun
Jan
4
851
34
8%
Mar
16 %c
Jan
•
Sep
57
^
8
Jun
111
11c 5
1,913
31%
15%
42c
Bank
Internation
41c
1,625
1
a.
page
31
■/A
8%
;
Apr
4%c
25
2,500
31
■
Class
Feb
15%
1.76
—100
B
6%
10c
Jan
90
53% Mar
7,500
.
25
Ltd
2.42
69c
14%
15%
1
see
25c
Jun
15
—-1
Gold
class
1.50
1.70
a
I-II1
Coal
18c
4
Oct
2.02
a
footnotes
Apr
14%
15
a
Petroleum
Class
1.15
45
2,124
»
Aircraft
Davies
330
2,15
—
Mining™
May
1.30
2.15
&
Pershing Mines
Crowshore Patricia
Cub
mis
*
Imperial Mills
60c
41c
15
70c
_«
common
Mar
Oct
Aug
Oct
1.75
1.70
Exploration
7
17%
1.71
13,605
_
120
1.15
93,400
Smelting- 11115
—100
Qas (Toronto)
Corrugated
25c
G2c
Feb
Mar
17%
42c
v
!
5,600
4,584
5.00
Petroleum
Mining
37c
36c
Co
Nov
4
4.85
Bakeries
Consolidated
105
10
42c
Mines
Coniaurum
Consolidated
25
4.95
*
Mines
Consumers
_
mil
Commonwealth
Coniagas
1.15
*
23,300
120
6%
i—1
Lake
Coin
1.75
*
30c
45c
50c
.
Mines— —-1
Citralam Malartic Mines
Cochenour
45c
120
6%
mil
Research
Chemical
10%
17c
\
Mines
Mining & Smelting
Bay
Inspiration
Chartered
15
13c
I 10%
1
3c
2,200
^//■'■50-
55%
Oct
1
Porcupine Mines
Mines
Gold
Hunts
Cariboo
Patricia
6c
105% 108%
55%
•—\
Hugh Malartic Mines
Castle
Gold Quartz
Trethewey
Oct
45,750
5
Gold Mines
Gas
&
Oct
22
17%
22
Mar
21c
-*
1
Oct
12
101%
21
17%
St
*
Oil
Hosco Gold
Oct
Jan
Jan
10%
5
Apr
Oct
Mar
70c
350
101
Homestead
Oct
11
27
Central
-
Sep
19c
'
Yellowknife
12%
27
25
Boxes
Central
26c
20c
*
Oils
Oil
Feb
6%
20
35
1.10
101
_
_
10 %
10%
,35
1.12
*
common-
preferred
10%
•
Locomotive
Canadian
A 1.20 Oct
84c
Dauch
2,250
May
90c
1
54%
12
Apr
Mar
35c
8c
85C
J
28
11%
24c
85c
■;
•
90c
1
38
11%
Oct
Mar
1
1
Mascot
54'A
A__4
Oct
11% Jan
28c
Jan
7,388
1
Cadillac
38
St
Canadian
105'A
A
Oct
Oct
21%
Feb
6.50 Mar
13,900
V
Jun
24
28
B
Canadian
;
Mar
9c
Oct
108%
100
Feb
25c
—
54'A
com
com
105
:
50C
—
Hasaga Mines
Heath Gold Mines
4
Industrial
23,900
1
Mines
23% Aug
17% Feb
Homer
Class
II,767
19C
: 13% July
Apr
15
9.25 Feb
;
May
May-
101%
8.50
1
Mines
Mines
Gold
Harricana
25
A
Canadian
10%
2,980
—*
Gold
Gold
23
common
new
Oct
4.40 Sep
16c 17 %C
*
Cotton
23
common
Products
^
Jan
92
-*
Carpet
Rock
25V'2
Dredge
Canadian
Oct
48%
July
36%
5
1
25
c'elanese
mm.
—1
1
——
Ltd
Bridge
*
preferred
Canadian
Oct
87c
24c
;—*
—
Mines
4
Canadian
32
48c
1
.
& Alabastine
Mines
July
47
Ltd
Mines
Gypsum Lime
4
Fdry
Feb;
<
52c
16 c
Saddlery common——^—*
Greening Wire
25
&
Car
Jun
21
97
20%
7.40
30
48c
Gunnar
16'A
•
preferred
Jun
15c
Apr
6% July
,
24 %c
Oct
Oct
•
common
Jun
Jan
4
Sep
Apr
10
preferred
Canadian
5'A
78
Oct
18
1114
914
118
20
Canners
Oct
.57
/
3'A May
105% 105'A
8.10
Great West
50
240
9
preferred
Apr
102
7
15
.
Sep
6.25 May
Jun
20
95
20
20%
;
52
common
July
24%
104
95
i—--*•
130
*
Commerce
•
107 108%
common-—*
Vtc preferred
Common > ———
50
A_-__
Preferred
Canadian
vtc
Paper
Preferred
Oct
Hamilton
Bank
Canadian
9
11
j
5%c Jan
60
80C
4
130
common
Canadian
9,200
29%
—
14%
common
Bakeries
9c
715
1
common—4
^
52
50
Steamship
50
1,600
Mines
130
4
Preferred
•
6»A
5u
14%
Power
Oct
—1
Preferred
*
—*
Canadian
Sep
5%
101
•
B
Sep
1
Mining—
100
Packers
Canada
1.70
4
common.-
Canada
Class
20'Ac Aug
100
Northern
Oct
3.10
Jun
May
10c
1.70
5,000
;
Mines
Gate
10
*
37,100
Canada
1.50
>
July
3
65
6,685
72%
28%
■Grand,':&.;,Toy——10.
Malting
Oct
39%
4.30 Jan
35
'
•
40,840
Preferred
v
14%
1
Nov
Jan
24
18'A
319
1.85
Canada
33
u
V/v
1
4%
73 %c
3'Ac Jan
100
2.10
Canada Cement
4%
4%
5%
1
Sep
8%C Jan
645
0
common
.
6.75 May
4% July
Jan
290
.
27%
1
4.
Jan
95c
6,000
4
Lake
Apr
;
3.05 May
1
Mines Ltd
Lake
Sep
Sep
2'A
2,450
Calgary & Edmonton
Red
21c
8
1,600
v:
28
1
Goldcrest
*
Bread
Aug
f1
Jan
48
1
Goldale Mine
59c
4%%. preferred
Apr
Apr
16c
8%c
4
common
Gold
36
25'A
13,500
Campbell
53c
5.00
—100
36
62c
Canada
94.200
241,350
30
—100
Yellowknife Gold Mines
24%
59c
Oils
2.40
■
Apr
Jan
35%
400
—.100
Preferred
23%
60c
B
Oct
47c
%
Apr
11%
1.25
72
100
—
preferred
24%
1
class
common
preferred
25 'A
33c
Bros
14
2.05
4%
4
35c
52C
15,995
-
.10
72%
•
34c
98,600
Steel
1,925
14
7%
4
49c
53C
Burlington
Burns
Co.'s
30c
4%
Mines
8c
4
32c
48c
Gold
29,100
Sep
Sep
•
'
Jan
3%
Products
Jan
37c
•
Gold
12c
50c
Hill
22c
I,000
1
Co
Francoeur
19
Canadian
Bunker
15,570
51
1
A
34c
0
Mines
2.50 Mar
10%
4
class
31c
•
Buffalo Ankerite Gold
Jan
39 %
4
49c
0
Mines
98c
5.05
1
Mining...
Canada
of
16,300
Porcupine Mines, Ltd
Buffalo
Kirkland
Co
54
4%
Building
Snops
common
Jan
4
Gold
Oct
11%
7%
4,,
Candy
50
Oil
Buffadison
Oct
111
Jan
10%
Aircraft
Ford
Gold
Broulan
Oct
19
Feb
7%
31%
100
*
Dominion
20'A
Jan
1.10
*
Class B__
British
Jan
1.68
—
Mines
Grain
Federal
Fleet
13%
common
Nov
108%
14
Preferred
Jun
Oct
Anr
Brazilian Traction Light & Pwr com..*
& Distillers
5
Packers
5''/
39%
Machine
Farmer
Nov
28
74c
30c
on
Oct
Oct
12%
Mar
13
2B<y
9%c 10%c
English Electric
Equitable Life
173
120
Brewers
Columbia
'
*
1
1
American
•
111
■
Oct
45
14
2,360
'
1.29
Investors
Gold
Jan
161
12,500
Class A_
7
515
Mines
1
British
20
18%.
10%
Mines
Gold
400
21,260
*
British
7,345
10%
Steel
Eldona
173
90c
Roofing
12%
4
common
Co
Gold
Washing
172
28
27
4
Brantford
Apr
Nov
July
35c
Cordage common
18%
35'A
3%
"
•
Brantford
19%
18%
Apr
115
30%
Eastern
Easy
Economic
40 %
27
Bid
30
•
% July
20%
Jan
39
545
*
Mines,
11
8
O-
431%
"
Jun
Sep
v
Feb
2Vt
Mar
Oct
1,000
Bralorne
12%
Nov
14%
100
38c
Feb
80c
Mines
41
7
550
/ 2.26
Feb
33c
Mines
43%
425
>
18,150
1.23
14
Boycon Pershing Gold Mines
2%
13%
30
Apr
14,300
22%
1.25
50
Bonville Gold
7%
20%
Jun
23% July
16% Jun
Oct
•■■■■■
2.70
29%
84c
Mines Ltd
9%
25
1,030
4.50
50
1.20
*
Preferred
7
2%
20
Oct
29
11% May
364
.\.
::
2.50
50
33c
common
■
Mar
85%
Feb
4.25
14,385
x
Hats
Biltmore
Blue
170.
10
29%
19%
7
,*
-1
Oil
Sullivan
38
_1
Kirkland Gold
Bidgood
18
East
39
13%
5
Gold
Bevcourt
13%
9%
29%
Feb
East Malartic Mines
1.35
1
Sons
&
325
1
Mining
East
East
38
1
Berens River Mines
Bertram
172
21%
13%
10
13
25% July
Ill
Falconbridge Nickel
Bell Telephone of Canada
13%
29%
42%
1,575
i
—100
;
Mines
Duquesne
39
*
*
B
30
27% May
6,100
19%
1
Beatty Bros class A
20% Aug
Apr
30
19
4
i
Radium
&
10'AcJun
17c 17 %c
29%
21%
1,664
_
2.00 May
•
Jan
May
22'Ac Apr
26% Mar
A
B
Class
13,700
High
Jan
Jan
13c
15c
10
class
Exploration
Low
3.60
3,633
19%
10
Toronto
Power
39c
Range Since January 1
10
Scotia
Base Metals
Bathurst
38c
4.10
37C
Shares
High
4.05
21%
4
Chemical
Dominion Woollens
—1
Montreal-.
Bank
4.05
1
Consolidated Mines
Bankfield
Low
1
,
28
25
:
&
Preferred
for Week
of Prices
Feb
85
50
B.
Stores
Tar
Sales
Last
3%
77
■
_.
class
Dominion
Friday
4,000
27%
;•
preferred—
Dominion
1
Jan
6C
85
4
Dominion Scottish Inv coni-——i.
High
1.15
27%
•
Dominion Malting—.——.:—.—
Cable Address:—"Dobroadco" Toronto
-v
Branches:—KIRKLAND
Low
1,100
5c
6c
25
:
com
■*'
.
1.70
10
Dominion Foundries & Steel
Range Since JTannary 1
High
4
Bank
Shares
'
,
.
STREET, TORONTO 1, CANADA
Telephone:—Waverley 7411
Low
•
common
Dominion Coal preferred
Dominion
Dairies
common
DOHERTY ROADHOUSE & CO.
Sale*
for Week
Range
of Prices
1.65
■
—1
w—
Mines
Dominion
V
l
Denison Mines
;
'
STOCKS—i
r
24% Mar
7.25
Jun
9.15 Ms*
20%
Oct
22c
Apr
'
THE COMMERCIAL &
Monday, November S, 1945
FINANCIAL CHRONICLE
2178
CANADIAN LISTED MARKETS
WEEK ENDING NOVEMBER 2
FOR
RANGE
Week's
flsle*
Last
Range
lor Week
'
Low
Lapaska Mines
——
1.45
Ltd
Leitch Gold Mines.
Lingman Lake Gold Mines
Lac Gold Mines
Groceterias class
Class "B"
26c
4,900
16c
113,150
17,285
43c
Sep
2.05
29
410
26% Mar
29
July
28
375
25
Mar
28
Sep
Bladen
79
79
20
58
Jun
79
Nov
South
1.40
1.50
3,850
,36c
43c
36,400
'
3.20
3.15
9,975
2.17
Jan
3.50
13,050
3.25
Jan
4.15
474C
47zC
2,500
32
32
11%
137z
14%
217a
21%
8c
lie
1.24
1.17
1.28
1
36c
36c
40c
13%
28%
2,725
22
Mar
29
July
18%
100
18
Sep
20
July
11%
12
1,730
Jan
12%
—
107
107
872c
9%C
70
7074
1.57
1.64
6c
1
1
1
*
Lake Mines
57zc
672C
Red Lake Gold
Gold Mines
17,550
4,500
Modern
Moneta
Porcupine
—
Light Heat & Power
common
Class A
Mosher Long Lac—
Grocers
National
%
Petroleum
New
New
8.70
1972c
20c
11,908
4,000
30
35
53c
20% Mar
2274
22%
2,080
65%
6472
65%
1,375
256
256
35
26c
26c
1,000
Jan
Norgold
Mines Ltd
Mining Corp
14%
14%
15'A
29%
29%
29%
21c
12
3,000
1,515
30
20%
21
1.40
1.58
43c
40c
50c
33c
34c
34c
30c
38c
2,65
2.65
Vermilata
Oct
Vicour
Vulcan
Waite-Amulet Mines, Ltd
Walker-Gooderham & Worts
Feb
40,900
1,300
30c
Sep
Sep
35c
Aug
156,600
3,115
2.75
35c
75c
29c
Jun
64c
May
3.00 Mar
Jan
2.35
Apr
Oils
50
59%
Feb
571/4
59%
1,775
95c
95c
1.08
33,100
80c
July
14c
14c 16 %c
2,600
32,500
5,122
104,700
7c
Jan
11c 14 %c
74c
•
73 %c
76c
25c
30c
1.05
1.05
——.
17c
14c
16J/zc
»
19,000
4,600
1.10
1.65 May
20c
64c
Nov
Apr
89c
Feb
25c
Apr
20c
6%c Jan
-
Jun
Apr
Oct
33c
*
12%c Jan
:
1.05
Sep
26c
Apr
1.63 Mar
com
Preferred
O'Brien
lis
—:
O'Leary Malartlc Mines
3.35
3.50
55c
33c
.-1
30c 34 %c
Loan
Crush
Page
40
6
Sep
9
Jan
10%
12'A
52c
58c
17,600
51c
Oct
1.20
12,000
14,100
2,100
7c
Sep
18c
Oct
67 %c
50c
Mar
1,00
96c
1.00
•
29%
29%
1.90
1.75
1.98
39c
37c
41c
29c
21c
23%
19c
Gold
Malartlc
Mines
.*■
1
Paymaster Cons Mines Ltd
i
Penmans
1
Pen-Ray Gold Mines
Peoples Credit Securities
Gold
1
Mines
Ltd
4%'A
preferred
Pioneer Gold Mines of B C_
Porcupine Peninsular ..........
Porcupine Reef Gold Mines
Powell
River
Powell
Co
-
„
Gold
Voting trust certificates——
Corporation
Premier
Gold
Pressed
Preston- East
Prospectors
Dome
Mines..
23,900
21c
Nov
64c
Apr
29,000
17c
Oct
25c
Nov
Feb
16c
May
71c
74c
32,625
37c
Jan
88c
July
61
61
10
58
Jun
61
38c
36c
Oct
59c
40c
76,400
8
250
1.41
1.41
42c
7%
1.45
•
A
Western
4.45
Jun
4.35 Jan
7.10
July
Oct
1.01
70c
Apr
Sep
Dominion
27
Nov
Donnacona
Apr
12%
Jun
International Paper common
Jan
1.98
Apr
Langley's
13 % Aug
2.45 Jan
17%
Oct
3.45
May
11%
15%
Oct
1.34
1.03
1.35
10%
11%
1.75
1.85
16%
270
2.70
2.65
2.80
15%
1,327
1,000
60c
20c
20c
8%
9%
46%
46%
425
37c
12,150
1.55
Minnesota
Oil
.
41
9%
Nov
46%
Nov
Temiskaming
1.25
Mines Ltd
Sheep
Creek
8,000
35c
Aug
70c
29,900
325
42
5
41 %
42
230
5
565
6%
6%
6%
2,885
37s
Apr
67s
Jun
2.45
12%
2.42
2.55
30,200
1.80
Sep
2.59
Jan
12%
13
3,293
Oct
16% Mar
12 %c
75c
•
474C Jan
10c
30
35
Sicks'
„
34
34
115
34 k' Mar
ll%c Jan
46
120
38c
45c
61,400
14c
6,000
39c 4972c
18%
20
40
40%
28C
28C
116,100
1,420
1,820
320
4,000
38c
Jan
Nov
36%c Jan
9%
6,340
36
377z
895
5.75
5.50
5.85
7,805
1.15
•1.14
1.20
79,150
20
20%
340
1.70
1.70
1.75
46
66c
ll%c Aug
1,200
6,890
22
21 %
22
365
1.35
1.31
1.35
83c
19
25
26%
28
1,990
105
105
250
Oct
1.20
90
19
Mar
20%
34,000
146
3.40 Aug
69
16,300
71c
146
Jan
Oct
65c
32c
Apr
1.05 May
Jun
26c
5.10
Apr
Nov
102
22% July
1.77 Mar
Feb
1.63
Jan
154
15% May
21
Oct
18
Jan
29
Oct
99
Feb
105
128
Sep
20c 23 %c
11%
Oct
87
88%
39c
38c
44c
66,000
21
23
120
4.70
4.95
3,480
39c
43c
8,300
23c
26c
16
17
33
34
41C
Apr
Apr
14
Jun
Jan
95
July
38c
3,230
Jan
6
43,100
10%
8c
68%
21c
11%
Oct
16
Apr
3.30 Jan
Oct
46c
Oct
23
5.00
Jun
35c
Jun
65c
May
58,600
3%c
Jan
30c
Oct
485
9%
Feb
18
Oct
$4,000
32%
Oct
35% May
Exchange-Curb Section
Funds
Sales
Week's
Range
for Week
of Pricee
Shares
61
613A
Range Slnee January 1
Low
High
High
Low
5072 July
185
613A
61%
Nov
11
11
100
11%
Oct
60
—\11
61.
62
440
34
May
63
Sep
130
Apr
185
8%
Jan
Oct
185
111
53/b
4 J/2
5%
19,031
2.25
July
5%
77 %
76%
77'A
363
4574
Jan
77%
Oct
17
16%
17
380
17
Sep
14
14
14%
590
57s
2.35
5%
6%
24,130
2.20
2.40
11,650
170
185
147a
Jan
2
Jan
Nov
1572 July
6%
Nov
1.65 Aug
2.40
Nov
8
Jan
147a
Oct
28c
6,367
35c
38c
972 Mar
11
22,252
40c
13V2
14%
Jan
40c
Feb
3
July
2 %
200
2
July
38
163A
3974
310
29
Feb
17
880
10
1.47
1.43
1.55
3,420
1.27
Oct
1.58
Feb
20
46%
20
2174
105
1572
Feb
2372
Oct
43%
46 3A
4,085
22
Jan
46 %
Nc.v
50
„
272
38
51
41
26
Jan
16
16
17%
5c
1,000
87C
1.15
42
4274
290
100
50
10 %c
12c
Oct
17
Oct
177a
Nov
Feb
Feb
9%c
Feb
Jan
2.80
Oct
427*
Oct
24c
4,025
98%
Oct
55
372C
106,000
2.80
7,500
1.08
2.65
Apr
4072
113A July
17,992
5c
17
2.65
Mining.
10 %c
65c
Apr
18%
Jun
22% Mar
2874 Feb
24c
8ep
Canadian
Friday
Last
Oct
Oct
2%
Jan
18 72 May
4.05
31c
1672
1.06
68c
68c
78c
33
34
270
29
*
Common
July
1.30
333A July
95
Sep
772C
Jan
1.20 May
Oct
100
19c
Apr
Montreal Stock Exchange
Apr
Jan
33%
Sigma
i4c
11
3,531
23c
July
Jan
102
Oct
Mar
Sep
3.85
Sep
46% Mar
6
17c
95
Oct
28c
18
4,200
20,996
34
3374
34%
395
29 74
13
13
13
200
12
vtc
8c
70c
24
Oct
3%
60c
3.75
4.80
July
40
37,300
3.85
101
19
27
May
16% May
"61,900
78c
23c
.*
Jun
15
1
Breweries
12c 13 %c
70c
22c
July
8c
V/4
Mines
36c
5,300
13c 13 %c
May
40c
*
1
Gold
4%
,—100
1
preferred
Jun
1,500
37c
20
Pherritt-Gordon
Nov
53c
21%
7% May
Feb
60c
9%
-50c
Jun
10
21
-1
Nov
Feb
1
Gold
3.15
14 %
49c
11
Nov
20c
Grain
40%
Oct
41c Aug
63c
Jan
Jan
Feb
Jan
July
Sep
Sep
July
9% Nov
37%
Oct
6.00
Oct
1.45
Apr
22
1.75
82c
Acadia
Atlantic Sugar
and
6%%
Steel
Ltd
Co.
-————J———*
Corp
Oct
Bathurst
Power & Paper
Mar
Oct
34%
Oct
16% May
Bell
Telephone
...—
—
Bralorne
Brazilian
Trac
A
Mines
British
Light
American
class A
&
Bank
Power..
Note.:
_•
100
*
1
July
1972
Oct
99% Aug
10172
Nov
Oct
375
Jan
157z
10
90
Jan
10272
10
20
Jan
25
Oct
1472
Jan
19
Jan
9472
Jan
131
1007a Jan
107
Aug
20
July
24
16
18
468
,521
•1572
,
1572
55
160 £
15
972
13
Apr
5474 July
Oct
Oct
557a
Jun
28
Sep
55
2472
27
1,080
20
5,320
172
172
363
'17
172
55 -
26%
1974
27
-*
*
55
Range Since Jannary
High
Low
17.
1572
10672 10672
Canada
Asbestos
645
197a
12474 131
18
_——.
of
High
24
I—————*
pfd——100
Amalgamated Electric Corp————-*
Anglo Canadian Telephone Co pfd—50
Aluminum
Shares
102% 10272
preferred
Agnew-Surpass Shoe
Aluminium
for Week
1472
common
.——-—100'
common..
i*
common——
*
'
Range
10072 10172
100
Works Ltd
Sales
Week's
of Prices
19
common—*
Preferred
Acme. Glove
Funds
[
Low
Par
Oct
34
Sale Price
STOCKS—
Algoma
San Antonio Gold
Sep
Jan
1.20
8,594
*
...
Mar
1,400
37%
Shawinigan
48c
Apr
Feb
Oct
24c
10
1
Oreille
May
60c
•
Senator Rouyn, Ltd
Paper—„
Osisko Lake
Pend
Reliance
1.39
50
common
Ontario
&
Price Bros common.
14%
19
Corp
Oct
Mar
878
9%
49c
15
Selections
Sep
Jan
187a
preferred
Apr
36%
300
*
Jan
Jan
45C
A
3.05
110
38,400
100
5
preferred—
Ltd
70c
July
19%
Lawrence
25% May
13
—•
40c
18c
18%
Class
Paper
Nov
45c
—.1
St
Bridge
Feb
6%
80c
—10
40
Jan
1.64
*
*
*
common..
36c
17,323
13%c
-.1
Steel
Hayes Steel
29,108
Rouyn Merger Gold Mines—.
.10
Jan
1.38
*
Dalhousie
Disher
1.65 May
27,200
Royal Bank
Royallte Oil
Mining.
100
Oct
1.40
88c
12%
•
Foothills Oil & Gas
98c
45
Russell Industries common
Apr
Consolidated Paper
2.00 May
11c 1474C
7%c
—1
Mar
10
,39c
2
Lumber
15c
3,000
3,105
•
60c
40
Mines
1.15
9,835
14%
Mar
18% Mar
1,850
16%
25c
390
1.80
34
Sep
July
5.70
*
Marconi
Oct
Sep
2.40 Jan
30,233
57c
11%
•
Oct
1.25
50c
Oct
3.70
20
1
Vinegars
Canadian
22
53C
Jan
1.52
Roche Long Lac
,
Canada
Canadian
Feb
Oct
7
27
1.35
1.25
Ryanor
Apr
Mills
Silk
81c
24%
Li-
Jan
3.50
•
Preferred
Bruck
Jan
45C
27
90c
Mills class
1.90
Jan
Apr
May
4.05 Apr
1
100
common
98c
48c
1.52
1.07
Gold
1.75
Co
18
.1
39c
7,380
19%
Jan
2.50
10'A
39C
—"
A
65c
14
Rochette
Jan
Oct
Brown
38c
6,300
36,500
1,775
31,950
\
100
56c
Oct
Jun
15c
18
Columbia Pulp & Paper com__*3
Preferred
100
70c
95C
(P
1.06
6,650
Oct
8%
class
65c
1.25
Silk
5% May
Oct
Beath
65c
i
1.26
53C
•
Atlas Steels Ltd
...1
1
Gold
7,920
Jun
3.35
18%
Jan
110
British
6,900
Reno
5.60
Par
6.85
Regcourtr Gold Mines.
5.40
Sale Price
6.35
l
675
Oct
Aug
37c
36%
STOCKS—
6.85
i
Mines
2,675
20
Aug
73%
80
Feb
1.50
5,925
3.60
Last
3,025
•
Reeves-Macdonald
-3.10
3.50
Friday
4.20
60c
Mining
2.90
19%
46
4%c
13,700
Canadian
4.10
.—J
Gold
12c
Feb
6
19% Oct
8% Sep
20c
110
Toronto Stock
4.10
46%
9c
Oct
2.00
15%
150
1,700
34
15,500
-40
36,400
32c
Feb
Jan
6%
22
Queenston Gold Mines
Riverside
Uchi
44c
9
2.47
18%
31c
Feb
Aug
Sep
Oct
Bonds—
Oct
30c
Ouemont
Robertston
47c
25C
14%
Preferred
Quebec
Jan
8c
5c
-.10
2.06
*
Jun
2,000
Airways -k_—
Purdy Mica Mines....
Purity Flour Mills common
Mar
Jan
1
•
Mines
22
1
Apr
72
28%
Yankee Girl
42c
Proprietary: Mines i&i—A
67
250
90c
Oct
2.12
8c
—1
.
180
79%
100
Knitting common
22
1
79%
79
440
Ymir
44c
—1
44
78
1,350
5
•
Combing..
Wright Hargreaves Mines
1
r^n,
Mining Co
Metals
31%
1.19
75,791
-1
Rouyn
34
43%
20
1
_I
Mines
Gold
35
May
Jan
1.90
•
.1
Mines
May
7
-—100
Mines
Gold
Yellorex
Feb
14
36%
i.
Preferred
Wool
3%
400
350
100
—
Wiltsey-Coghlan Mines
Winnipeg Electric common
Winora
550
5%
1.26
•
common
*
Gold
Porcupine
Pickle-Crow
48,107 '
7%c
•
Engravers
99%
5.45
1.40 July
8c
*
Ltd
Sep
Oct
73c
1
99
1.84
Sep
Jan
26%. Aug
930
31%
•
...
5
2.90
Apr
9c
43c
*
99
*
Products—
Feb
40c
8c
1
99
—*
Lake Gold Mines
Malartlc
Western Grocers common
Jun
40c
Ltd
Mines
12
Jan
Oct
375
8c
(new)
Porcupine
Power
Oct
475
57c
1
Apr
,Feb
1.25
Apr
15
41c
...
Faramaque Mines
Parbec Malartlc Gold..
Photo
40c
68c
112
112
——•
Refining
Pandora Cadillac
Perron
Jan
10%
•
&
Hersey
Picadllly
Oct
7
15c
Apr
Mar
112
Zi
Mines
Petroleum
Partanen
Jan
32c
3.90
58c
9%
10
common
Oils
Pamour
Apr
107
.50
Debenture.
&
Gold
Pacific
Sep
22c
22,713
Preferred
Pacific Oil
Nov
6%
38c
17,700
36,850
32c 35 %C
8
2.26 Mar
10,825
45c
Jan
Jan
11%
Ontario
Orange
Pacalta
150
35c
-
Omega (5old Mines
5
5%
9,205
3.40
Mines
Oils
Orenada
8
6%
50c
Gold
Okalta
6
6%
8
com
Preferred
500
31c
12c
York
Oil
Star
North
1,200
2,900
1
Wasa
West
Westons
Mar
,30c
20c
1.35
11%
20c
1
Nov
Jun
1.85
Nov
•
34
Jan
19%
Jun
15
•
Oils
Mines
Westeel
—.
Mines
Jan
22
J.26
830
1
1
1
Ventures, Ltd.
Feb
22%
29,200
33c
Oct
22c
Aug
19%
—1
*
Steel
30
Feb
10c
25
*
*
B
Oils
United
64c
Jan
18%
50
17% Mar
3,630
1,57
27c
Canada
Class
United
Oct
15%
July
Feb
10 %c
390
34
34
20%
13 %c
,
Nov
Corp class B
United Fuel class "A"
July
35c
Feb
28
75
19c
Mines
Mines
65%
Mining
Upper Canada Mines Ltd
Ltd
Normetal
Apr
90c
Oct
3c
1.30
2.47
•
1
*
United
256
Jan
20c
Union
Feb
24%
Jan
57
225% Mar
Jun
Jan
40c
1
Union Gas Co
Nov
1.10
58c
12,000
10%
Oct
25c
25,825
13,800
8%c
19
*
City Rapid Transit common
30
Mar
May
86c
8c
79c
•
Transcontinental Resources
Twin
Nov
July
100
Exploration
Towagmac
'
Apr
8.85
Jan
17c
20
Oct
33c
Jan
1.99
1
—
16%
Jan
Aug
1
Malartlc Mines
Oil
Northern
39c
12%
58
Nordon
Northland
Jan
Sep
May
8,070
22%
Noranda Mines
Norseman
Jan
Toronto
23
101
7%
Elevators
Toronto
Oct
Jan
Apr
18%
Mortgage
Sep
.
13 % Aug
12% Oct
26
10%
7
43%
78
79
5
•
Oct
Aug
99
7
3.50
19%
;
7
35
43c 48 %C
56c
20
44c
Feb
18
1.90
36%
10c
14c
195
May
5%
*
Toburn Gold
70c
»1
—
Nipissing Mines
Norbenlte
65c
70c
1
1
Mines ——.
——
Bidlamaque
Calumet Mines..;..——,.
Yellowknife
Nib
7.90
5
National Steel Car
Negus
8.70
1
Sewer.A
National
102,500
30
•
20
25c
*
——-•
common
Preferred
National
17c
3,219
May
15%
5%
1
*
Thompson-Lund Mark Gold Mines
Tip Top Tailors
Oct
4%c Jan
515
15c
Oil
Canadian
Texas
1.85 May
22 %c
28C
16%
16c
Sep
May
73
1.35 Mar
30,700
25 Vac
16
1
*
—1
•
•
100
..1
Containers common
Jan
Sylvanite Gold Mines
Tamblyn (G) common
Teck-Hughes Gold Mines
Oct
19c
59%
3turgeon River Gold
Sudbury Contact
Sullivan Cons Mines—
Jun
109
Oct
16c
36c
257zc
*>.
*
& Gas
Mining Corp
Model Oils
May
8c
17,845
40c
36c
*
Mercury Mills
105
172
1.60
5
8%
2,000
—
13%
preferred
Oil
Stuart
Oct
44c
8'A Mar
5
!*»«•
Porcupine Mines
Corp
Sep
Sep
1-32
11%
•
"
1
1
1
—1
•
1
Rock Iron Mines
Steep
Apr
1.39
12%
12
McLellan Gold Mines
Moore
15 %c
18%
McDougall Segurs
Montreal
27c
23
100 100'A
Feb :•/
9
755
20%
High
Apr
9
135
25'A
Jun
22
Apr
Aug
July
277z
.100
Mid-Continental Oil
7c
2,025
9,250
136,450
1,165
*
preferred
Oil
Preferred
McWatters
17%
77c
Preferred
Feb
16'A
287z
..20
—
McMarmac
Jan
Canada common
Co of
Steel
106
12
25
81c
46c
8%c
19%
4
•
•
•
25
,
12
4
30
115
12
25
Stedman Brothers
12% July
13%
common
Red
32
common
34%
12
22%
100%
Standard Radio
Apr
Nov
Feb
Feb
12
760
8c
...1
be
Jan
2c
15%
1,685
1,455
Paving
common
Preferred
May
10
5
11%
21%
Co common.
5%
3.50 Aug
3.20 Oct
3.40
14%
Gold..
Co
Standard
3.10
1
McColl Frontenac
McKenzte
2.25 Jan
Standard
3.00
4%c
—
Preferred
Mclntyre
6,370
Chemical
preferred
4.70 Oct
3.85 Jan
32
Maralgo Mines
Marcus Gold
(L)
6,150
4.65
Petroleum
Sturgeon
Springer
11%
.10
Preferred
McBrine
4.50
Co
Southwest
Jun
3.40
Maple Leaf Gardens com
Massey-narris
80c
3.10
Manitoba & Eastern
Rouyn
Nov
3.10
Mines..
Fields
Mines
Jan
36c
End
Southam
2.09 Mar
Mines
Petroleum.
Malartlc
Low
6%
210
,r~
——*
Mines..
Gold
jxscoe
Range Since Jannary 1
High
6%
—*
—100
—1
1
—-*
—*
"
*
-*
100
*
new
27
89c
common
Preferred new
1.90
39c
Red Lake Gold
B
Jun
2.10
Jan
new
new
Simpsons Ltd A new
2874
1.50
Macassa
Maple Leaf Milling
Preferred
1.23
Preferred
Oct
1.60
Dairies
Silverwoods
Jun
48c
Sep
1.39
Apr
1.52 Aug
79
MacLeod-Cocxsnutt Gold Mines..
Marlon
25c
—
Gold
Jan
1.24
4.55
Malartlc
3c
Oct
10c
1.15 Jan
28
Goldfields
Yellowknife Gold
Madsen
5,100
7,900
20
15% July
1.48
1.90
Louvicourt
Lynx
380
4%c
—•
Shares
34%
5
-40
*
*
common..
Preferred
287z
Ltd
A—
(Marcus) Theatres com.
Loew's
19%
1.40
Ltd
Silknit
f*r Week
Low
Par
Nov
52c
Jun
26c
—
Little Long
Loblaw
25c
541,700
1.24
Gold
Lexinden
V
4%C
Mines
Oro
52c
Rang*
ef Prices
<
Sale Pries
High
Low
High
18%
rtecord Candy—
Laura
Lebel
30c
43C
Range Since January 1
Shares
ef Prices
Sale Price
STOCKS—
Last*
>
STOCKS—
Sales
Week's
Friday
Friday
17
100
15%
Apr
17% Mar
227z
25
16,222
227a
Feb
28
Sep
2072
21
575
15%
Jan
21
Oct
20
1472
161
Mar
Jan
Feb
20
,
172 %
Oct
Sep
.
For
footnotes
see
page
♦>
2180.
-I
A
-
-«
>
Vv ;v•: •>/■,
Volume 162
^
'*/^
•>'-.
i.i.
Number 4435
^;
»; ^';X-
^
-^ •
/:,,i
-
M ^"'I
•*
r-:*V1'
•:
*
.
'"•. '
;•"
*f:"j
..
f
-f*'.-'
*;
-
^N
^
CANADIAN
:
,"•
kange
.'.:
■.
Friday
Week's
Last
STOCKS—
A
T
British
Columbia
Class
Pr
Corp
A
•
B
__
Biuck Silk Mills
•
Building Products class A
Bulolo
Dredging
Cement
Preierred
Canada
Northern
Canada
Steamship common
5%
Power Corp
preferred
Foreign Investment
Ind
17
Jan
24
May
Feb
130
11%
11%
550
7%
17%
18%
3,722
11%
45
18%
20%
280
21,017
795
5
•
44%
55
398
46
37%
395
37%
60
60
I
44
45
25
275
•
11%
12
1,795
36
37
250
59
33
Oct
60
Oct
47
Mar
•.
Jan
6%
Jun
39
Oct
Apr
*.12%
,
Last
Distillers Seagrams common
Dominion Bridge
17%
17%
Oct
11%
Feb
20%
Jun
12%
Apr
15
74%
Oct
41
Oct
14%
15
375
70%
74
1,225
49
40
41
420
33
|
29%
29%
100
28%
12'/2
j
.
12%
50
*
12
30% July
12% July
Sep
July
—*
84%
79
85
2,515
42%
Jan
85%
6%
7 7c
preferred
British
.Preferred
Canada
Can
*
38%
38%
39
1,100
29
Feb
41
Oct
25
13%
*
j
preferred
Dairies common
Preferred
_35
Dominion: Foundries & Steele,*"
»
__
100
common
Dominion Steel & Coal class B
__
25
Dominion Stores Ltd
*
Dominion Tar & Chemical common—*
;-100
I
1
__
•
1,435
Jan
13%
Jun
27%
Jan
32
Jun
25
Feb
30
172 T
55
12%
17,406
19%
60
12%
455
18%
110
111
300
79
79%
1,058
12
13
4,005
124
Jan
172
7%'Mar
Oct
12%
Canadian
Oct
Jan
12%
Jan
19
109% Mar
111
72
Jan
Electrolux
——
Corporation
1
English
Electric
Famous
Players Cdn Corp
Foundation
Gatineau
57c
class
._—*
-*
..—•----*
common—
preferred
100
*
common
a
•
5 7c
5%
7%
Oct
Nov
13
Nov
Inv
*
common
*
.
Hamilton Bridge
Kollinger Gold Mines
Howard Smith
Ltd
Claude
-*
100
Frere
&
Bay
Mining
Dominion
Oilcloth
Oct
Fanny
Fleet
97
Feb
185
103%
Oct
107
Sep
21 %
Oct
9%
Oct
14%
2,875
5% May
8% Jan
6% Feb
Oct
Oct
9.
15
15%
1,660
11
Mar
26
27
1,510
21
Jan
,27
Nov
30
110
Apr
112
Feb
111% 111%
32% 33
*
550
15%
30% Aug
Oil
Ltd
*
T
Imperial Tobacco of Canada common_5
Preferred
:
—T--——£1
35
14%
14%'
2,551
13%
Jan
16%
Jun
13%
14
1,696
12%
Jan
14
7%
Feb
7%
•
—
Intercolonial
Coal
International
—
com
Paper tomraon
Foreign
Co
Ltd_;
International Power common
38
30
Feb
10
15%
Oct..
32
32
350
29%
Jamaica
Labatt
*
100
Utilities
Public
Ltd
Serv
com
Power
100
Lang & Sons Ltd John A_
3
Secord
Candy
-46%
Oct
Apr
120%
Oct
20%
Oct
111
:
111
55
241
38%
100
27 % May
108%
26%
Jan
Jan
11
Jan
23%
150
20
Jan
28
250
24% Mar
152
2
20
20
695
19%
.19%
11%
11%
28
__
23%
,
'
27%
;
'
152
*
Laura
Jan
38%
—
Preferred
Jan
21%
184
—
,
'
45
150
Mar
16
Jan
15% Feb
Oct
24% Mar
43
113%
38%
12
23%
31
153
Oct
Sep
Oct
13%
3,743
11%
995
27%
23%
255
.
26%
27
22%
22%
29
29
100
30
30
*
—
27
—*
42
13%
11%
Mitchell
(Robert)
*
Molson's
Breweries
*
Montreal Light Heat & Power Cons—•
Montreal Loan & Mtge_25
Montreal
Tramways
Murphy Paint Co
common
National Breweries common
National Steel
Car
Niagara
Weaving
Wire
Ogilvie Flour Mills
Ontario
Steel
Ottawa
Car
*
Corp
Noranda Mines Ltd
Halifax
Insurance
International
Inv
f
\
John
Lowney
common
—
*
—0
1—*
Rwys
Preferred
Preferred
Powell
100
—
Ltd
*
common
100
—
*
Co
River
Power Corp of Canada
Price Bros & Co Ltd common
preferred
Provincial
Quebec
*
—
Oct
Paper
—
Oct
Oct
Thrift
—
'■
Jan
27
42%
Oct
46
Jan
Aubelle
Mines
29
599
24% Mar
29%
21%
50
Oct
Cartler-Malartic
100
15% May
5% Jan
23
7%
"8
Jun
28%
50
Oct
Centremaque
Jun
42
45
8,770
32
Feb
295
100
Mar
15
16%
17%
365
9% Apr
25% Feb
15
common.
15
187
15
440
11%
•
Jan
101
61%
July
Sherwin
Sicks'
(H.) &
Canada
com
Co
Southern
Canada
Canada
33%
250
27%
115
18%
18 %
35
13%
14
79%
,
.i
Ltd
80
90
25
5
6%
63
63
100
96
6%
785
Ltd
July
5
5%
125
4
Jan
8
Feb
30
10
12
8
May
10c
22%
Jan
6%
Jan
14%
Jan
91
Jan
34%
23
Canadienne
'
—
10
16
16
For
footnotes
see
page
51c
Apr
13.000
Nov
60c
Jun
May
Feb
1.50
Oct
1.50
1.50
1.100
2.65
1.000
Mines
Ltd
48C
'
Ltd
Mines
Gold
Hasage
Gold
Jun
3.10
Sep
82c
2,100
62c
29c
30c
2.200
28c
1.90
316
59c
19.900
16c
5.000
Feb
24c
3.000
74c
14,500
13c
5.000
15C
15c
1,000
22
22
60
1.35
500
46c
July
92c
Jan
24c
18
28c
Jan
7c
22c
Oct
15c
&
:i Jan
Apr
Oct
24% May
1.55 Oct
\b
2.05 Mar
1.48
1.48
200
4.50
2.300
4.00 Jan
4.50 Oct
2.20 Aug
1.75
1.90
4.200
1.55 July
8.50
Ltd
of Canada Ltd
8.50
200
2.97 Feb
37c
450
37c 39 %C
19,200
1.20
600
8.75 Oct
Oct
43c
Aug
Jan
31c
27.000
3.40
3 lei
3.80
Apr
—
Cadallic
Oct
1.50 May
*l»hc Jan
4.50
—
Ltd
Yellowknife
6%c
Oct
Apr
13%c May
Jan
1.35
Mines
64 %c
20%c Apr
3%c
Oct
July
1.90
Jan
13c
Ltd—i
86c
»' 46c
Jan
Sep
50c
6c
Gold
Mines
Mines
Pandora
2.99
63c
Mines Ltd
Kirkland Gold Rand Ltd
Corp
2.40 Mar
Jan
24c
Consolidated Gold
Jack Waite Mining Co
JoJiet-Quebec Mines Ltd
Jun
Mar
55c
Ltd
Mines
Heva Cadillac Mines
Mining
8.400
2.04
May
May
1.15 Mar
1.90
:
45c
2.55
20c
79c
Ltd
Mines
Ltd
Mines
v
1.72
Mines
Gold
Qoldora
3.35
Golc! Mines Ltd
1,00
2.25
;
10c
Feb
47 %c
Jan
.
-
46c
Oct
1.20 Oct
Sep
Rochette Gold Mines
Oct
Oct
Jun
July
Oct
Siscoe
Gold
Mines
Sladen-Malartic
Stadacona
Standard
Mines
29%
Jan
18% July
Oil
'
Ltd
66c
Aug
4.981
65c
Jan
90c
May
62c
Apr
500
44c
Oct
20.684
60c
Mar
44c
13,400
41c
3.00
—
Oil
Oil Co
Co
Oil
Co
Ltd..
Ltd..
Ltd
I
i
Homestead Oil & Gas Ltd
la—
3.10
8.350
44c
:
1.50
Jan
3.80
1.05
20O
86c
Feb
33c
'300
31c
Oct
4.25
2.7U0
12 %C
13c
25.000
Apr
1.00 May
33c
3.10
1.05
Nov
4 00
1.05
Oct
Mar
100
85c
77 %c 84%C'
1944 Ltd
Gold Mines
Anglo-Canadian
I
■
41c
44c
Ltd
Mines
80c
77C
77C
80c
Stocks
Dalhousie
Home
4.500
45c
40c
Sherritt-Gordon Mines Ltd—r
2180.
Jan
1.30
Apr
May
15% Jan
8c
30c
65c
Jun
1,310
10.300
51c
Aug
18%
500
34c
25c
20%
10
Scotia
1.30
Apr
Oct
44e
Oct
Jun
17%
18
Nova
37c
Jan
16% Aug
27
36.300
July
Apr
50
42c
1.80
6c
Jan
29
38c
31c
Ltd—
Jan
15c
Jan
29
Sep
Feb
75c
1.30
1
37 %c
500
21c
16%
2,250
Nov
87c
6,000
1.25
2.500
14
20
May
36c
33.000
15
16%
19
July
23c
Feb
14c
275
16%
10
19c
Jan
17c
1,600
45C
200
10
—
Oct
3c
16,000
2.65
Banks
Commerce
9c
5,220
36c
1.25
Sullivan Cons Mines Ltd
Montreal
10c
7%c
24C
14c
28 %
19%
M«.
39C
22% Aug
75
■
Oct
Quebec Gold Mining Corp
Quebec Yellowknife
Apr
30
7
Red Crest Gold Mines Ltd
Jan
34%
Apr
Feb
Oct
Jun
18
34%
30
3%
July
21
—*
common
Feb
225
Oct
'
Zellers
25
28%
6%
74c 74 %C
Oct
60
75
17% May
25
6%
14
7c
Nib
45
20
30
•
O'Brien Gold Mines Ltd-
21%
2,026
25
29%
Ltd
Oct
27
11%
July
14
Mines
Macdonald
Mar
22
15% Oct
14
25
Ltd
Mines
Malartic
Oct
Mar
89
Oct
27,
Sep
14%
70
22
Oct
Jun
Jan
58
89
50
Mar
29
10%
155
10%
11%
Oct
5
29%
Mines Ltd
Louvicourt Goldfields
21%
-*
,————*
——
15
Sep
Macassa
208
100
Winnipeg Electric common
26
84
*
Lingman Lake
6%
55
15%
Apr
10
26
Oct
63
26%
Jun
Oct
30c
60
Oct
100%
1.692
26%
/
112%
Jan
May
Jan
22o
27%
Oct
Apr
16
23c
Feb
Jun
Mar
27%
18%
3%
6
107
2,025
111% 111%
46%
50
100
May
*
—*
A
*
34%
100%
63
96
15
Mining—j
27%
Jun
10;
a
Cournor
Apr
25
50
Jan
.Jan
35
Jan
36% May
75c
Jan
80%
y
Sep
Jun
Jan
I
462
:
100
9%
99
v
58c
16%
Apr
SO
23c
Mines
15
16%
44
>25
72
Francoeur
74
43
100
3%
150
I
45
Mar
72c
Eldona
78 %
12%
Oct
14
14% July
106% Jun
69c
Oct
Jan
Jan
Jun
Century Mining Corp Ltd
Shore
69
6V2
Oct
17%
65%
'
45
f—
14%
•y
Feb
Jan
Feb
27
*
common
30
25
»
*
78%
57%
332
^
104% 104%
*
100
28% July
9% Oct
11% July
105
•
65%-
Nov
10c
Nov
99%
12%
Mar
2% Mar
9% Mar
y :
12.295
17%
July
8,000
45
11% Aug
65%
10%
Feb
21 %
39c
Fortune
Sep
-
16
"
952
16%
Jan
22
616
4
32%
Jan
18
33c
Lake
July
MM*
:
•
—
845
*
'8%'
14 VI
l
60c
Lake
8
mmrn
*
Oct
99
78%
5
is
ty 13% Oct
22% Jan,
1.900
^
20%
■:
July
12
1.135
14%
27%'
Oct
9
.
18c
Oct
10
32%'
12 ,4
Sep
58
-
54c
Oct
1,845
725
13
27%
7%
—ii'
50%
Jan
Jun
22
10%
;
Jan
5
Jan
79
99%
13
20%:
Nov
Feb
24
10
31
4,
•/
7%
49%
15
105
Jan
37%
10%
———*
Preferred
436
*
55,
,
12%
--
•
50%'
6c
Feb
22%
7% -7%'
Oct
4c
103'
28%
9% Aug
33c
Gold
Gold
Jan
Mar
16% Mar
1,500
East
Oct
Apr
4% Mar
1,000
Dome
Nov
15
25
48C
Donalda
9%
Jun
Oct
9%
27.614
Oct
107%
2
49
Mar
30c
10c
Oct
Oct
Jan
Jan
5
123
4
8„
Jun
34%
4,680
x
161
»
July
33c
16%
22
9%
Oct
7
30%
25
50
85c
48%
tm'
51%
Jan
9c
58%
99%
—a—.—?
—
Preferred
Wilsils
205
32%
-h-°
Walker Gooderham & Worts com
(Geo)
28
405
1,650"
27%
*
common
Corp
Wabasso Cotton
20%
27
28
25
United' Steel
77
19V4
Jan
85c
47%
9%
—
25
295
Oct
30c
Jun
15
Oct
-4% July
M^r
33c 36% c
25%
Sep
17% Oct
Oct
3 % Mar
2.425
.
28%
■
•
Mines
Gold
2% May
18% Jan
—*
Brothers
Weston
75%
76%
20
37
105
—-
Preferred
Tooke
35
50
51,535
4,280
*
Power
—
of
9%
•
Standard Chemicals common
Steel Co
7%
_*
common
Sons
Ltd
Southam
Preferred
•
107% 107%
r
9%
*
Breweries
Simon
of
Williams
—
'
•
100
Oct
17
Jun
42%
v17
& 17 %
.
35% July
25
6 •46%
28
2
565
49%
49%
MM
28%
,
4%
55
Gold Mines Ltd
Bonville
J-M
Power
Lawrence Corporation
4%
•
pfd
(Quebec)
Mines
Gold
12%
152
14%
•!3 %
■
Feb
50%
—
Central Cadillac Gold
Jan
9%
*
Limited
Beattie
7
8.147
8
Aumague Gold Mines Ltd
Beatrice Red Lake Gold
Bcaufor
18% Mar
16% ?":■ 17
50
Mines
Jun
146
•mW'
100
Copper Corp
Ltd
Quebec
Jun
40
Jan
42% '
16
Mines
Astoria
26
Oct
*
Sep
Oct
Mining Stocks
59%
Oct
Oct
Oct
75c
Feb
5
*
A
*
Apr
1,450
35%
235
100
Jan
3,200
310
17
10
Ltd
Ltd
20
12
•
common
50
102% 103
44%
102%
*
*
preferred
100
common——*
A preferred
50
St Lawrence Paper preferred100
Shawinigan Water & Power——
•
Saguenay
St
Ltd
265
25%
Mar
15%
40%
:
2,260
15%
Jun
Oct
Nov
8
Apr
25c
«»*•
48 V4
A
21
152
Jan
6%
25
Sep
65
*5 7/a
Jin
*
6%
59
10%
22
Aug
%
Jan
2%
*
Ltd
Pr
25%
24%
12
3%
2.410
Sep
60c
v
Feb.
8%
Paper Co
Ltd
class
Hotel
37
May
43% May
152
:
—
Mir
25
*
United Securities Ltd
Windsor
150
Jan
25c
42
.,
Sep
Nov
12
Jan
36.318
Jun
686
57% Mar
6%
<337
,
■
2.35
57%
y,;
Mar
3
Ltd
Corporations class A
United Distillers of Canada Ltd
46
99
50
s:
14%
„
Co
Stores
42%
10
1.80 Aug
. .
: - 3
14%"
—1
United
22
225
Sep
101
Apr
13%
class A
United Amusement Corp Ltd
27
6IV2
;
3,800
65
"v5%
5
B
Arno
100
Jun
46
89
Ontario
&
Aldermac
61
Apr
11%
4% Apr
50C
10
Screw
Class
Oct
100
;
61%
*
Power
Rolhtnd
13%
—
Canada
Feb
Jan
Nov
12
50c
Milling Co Ltd common—•
Bridge
33%
8%
6%
1.25
Jan
6%
7%
•
Stowell
Oct
12%
Sarnia
Southern
Apr
275
Jan
Jdn
5%
7%
Quebec Pulp & Paper 7% red pfd—100
Grain Co Ltd preferred
*
22
13%
60c
60
r''S%
Reliance
35
13
2*
Hotel Co Lttf
•
Noorduyn Aviation Ltd
*
Pr Corp of Can 67o
cum 1st pfd—100
'6 7c N C part 2nd pfd
—50
Oct
Jan
45c
»
Preferred
Apr
50
2
125
—a''
Feb
95
29.200
10%
•
Massey-Harris Co Ltd 5% pfd
Melchers Distilleries Ltd common
27
50
2.30
Feb
40C
380
10%
*
preferred
30
49%
> '
100
—
Transport
A
24%
7
99
9
*
21%
»
;
57%
common.
29
•
—
Oct
2
1.292
57%
P
20%
;
—
Mar
175
621
;
9% "10%:
*
Oct
20
29
17'A Mar
11
Power & Paper Co
Maple Leaf
Mar
1,815
10%
»
preferred
&
P
57%
:
168
167% May
20
i:Vy,
20% Mar
15
155% Aug.
366
Ltd
Co
.25
•
Ltd
convertible
St
20
4,977
Nov
Jun
21.735
2.20
com
(Can)
25%
20%
—
58%
Light Heat & Power com—100
Penmans
5%
__
*
common
Jan
99
1
Company
Paints
Foundation
6%
Lake
41%
22%
*
Aircraft——
795
8% Mar
9%
18%
15
80
6%
*,
Feb
Jun,
Sep
20%
23% May
22% May
Oct
Nov
Jan
3
5
^
46
—
*
_
Products
Electric
Ottawa
—
25
Preferred
Ottawa
12%
llV2
■
*
-—*
McColl-Frontenac Oil
107%
Jan
18%
13
80
99
Southmount Invest Co Ltd
I
Massey-Harris
.
3%
<
Royal
97%
4,518
166
1.15
;
Mount
:f Sep
41
/ Oct
26% Jun
22% Mar
240
%175 ?■
Nov
78
Jan
*
Corp
Corporation
31%
42
,
Nov
5%
Jan
100
20
4
5%
J)_—
(A
Moore
210
21%
185
y:
70
-
14%:;
175
-
___•
Sec
Ltd
Minnesota
21,595
1,065
•
■—
1
Ltd
Oct
39
20%
*
(John)
33
L-
14%
165
95
Ltd
Jan
-
46%
40
—15
Lake of the Woods Milling common—•
.
18%
37%
>
21%
—
.
44
;
—
Jan
35
.
119% 120%
38%
*
Preferred
International
Oct
18
37
Jun
45
615
107
1« V4
•
Companies
Freiman
Jun
35
*
Oct
34%
105%
18
101
8
Jan
Jan
35
100
Petroleum
24%
25
.15
Preferred
International
1,190
25
„
International Nickel of Canada
International
218
;
*
common—
Preferred
7%
34%
105
100
common
Bronze
:
34%
105
107
•
Candy Shops
Farmer
Aircraft
Fraser
Nov
—-
'v-'-25'V
24%
Mar
14
Industrial Acceptance Corp com:
•Preferred
L—100
Mar
2.30
536
1.05
—
Ford Motor Co of Canada
Oct
14%
.
Aug
25
144
v;
37
32.066
"
Linoleum
&
Aircraft
MacLaren
Imperial
Jun
*
Square
Oct
1,200
Nov
25%
1
com
B
Fairchild
.
12
Jan
48
;
185
5%
;: lb %
•
Corp Ltd
Limitee
Jan
101% May
15% Apr
Feb
23 %
V.
David
9
30
^ : •'Iv
107
*
A
Jan
.15
8%
745
__5
Sec
5%
2,190
Oct
463
•
*
-
Div
Oct
27%
180
4%
—
_100
common
20
15%
*
35%
com
Adv
Jan
27
__
34
6%
'
100
Consolidated Paper
35
~
35%
Co
Alcohols Ltd
Preferred
13% July
9
12
25
100
General
Neon
Consolidated
32
8%
11
24%
'
Feb
91/2
12
24%
B—
Preferred
Jan
14
5
common
Westinghouse
Commercial
20% Jan
9%
Jain
Cassidy's Limited common
10%
20%
%}£- 3
;
12%
25
103
5.286
100
Vickers
Canadian
275
13%
*
5
Paper common
Preferred
Hudson
I
13%
Trust
Canadian Western Lumber
330
107
6%
Corp__
Donnacona Paper Co Ltd
'
< Charles)
Gypsum, Lime & Alabastine
class
preferred
13%
20
Ltd
preferred
35
103
Nov
5%
»
£
Intl
Canadian
30%
107
:
173
B———;
preferred
13
}
20 %
Jdn
*
Canadian Marconi Company
Canadian Power & Paper Inv
35.
»
„
144
_•
preferred
29%
30%
535
Ltd
class
25
•
.
173
1
270
17%
8
w_:..
"_100
preferred
5%%
17%
"
of Canada—:
Co.
Power
General Steel Wares
Gurd
B
17%
Nov
169
■
Jun
.
79%
8% May
75
76%
Dominion
Dryden Paper
NoV
Mar
—
Industries
5%
44
•„
Dominion flugar.....^w«,»*
Pow Corp Ltd 7%
pfd__100
Canadian
Nov
20 %
14
Packers
Ltd
High
■■■
4,770
common
Packers
i
75
Canadian Gen Investments Ltd
Sep
100
11%
18%
Jun
9%
19%
18%
__
(
79%
16%
35
-
29'/e
170
11% May
150
30
-
29%
j
•
10
30
•
12%
-
14
10
,
—*
__
common
13%
&
North
Canada
LOW
2% Mar
37.479
*
American Oil Co Ltd
Company
Range Since January 1
High
*5%
100
„—
Columbia
5%
74%
Shares
4%
69%
Bathurst Power & Paper cl B_
Brewers '& Distillers of Van Ltd
Oct
Coal
Power &
Paper common
cumulative preferred—..... 100
Jun
Jan
Jan
5
for Week
Oct
^
4,301
j
i
..
40
v,
Sales
Range
of Prices
Low
Abltlbi
77o
15% Mar.
v
Sale Priee
British Columbia Pulp & Paper
pfd-100
Oct
Week's
Friday
Brown
16
33%
May
73
*
*
*
2
STOCKS—
British
61
Jan
46
Oct
42
„
Apr
54%
37%
Feb
20%
Jan
Nov
46%
.
38% May
10
Mar
28
Oct
18%
Jan
a-
*
—*
A,
—
2,186
Oct
11%
Jan
8%
J
17%
•
Preferred
33%
j
—25
Consolidated Mining & Smelting
Dominion Textile
32%
-
'
217$
Canadian Funds
,
Consumers Glass
Glass
1,210
11%
Cockshutf Plow
B
125
16
•
•
_
Canadian! Pacific Railway^
class
42
15%
__
-
Davis Leather
61
42
•
common
„
Locomotive
56%
j
43
Oct
130
Jan
44%
15%
Jan
i
^
'
<•
4
4
Montreal Curb Market
Aug
119%
___100
.
Alcohol
v;..
Dominion
24
245
130
!
.'*>
MARKETS
November
26% July
4% Oct
Jan
54%
100
Canadian
Domipjofa
Jan
9%
__
-a_*
Converters
Dominion
18%
115
15%
25
preferred
Canadian
Class
390
751
42
•
'
"
Nov
14%
__
common
Canadian Celanese common
Canadian
17%
W«.
'
Bronze
Canadian
Jan
21
44%
\
.♦
Canadian Car & Foundry common
New preferred
New
11
14%
Preferred
Canadian
800
20%
11%
18%
_50
-4—Ti.i
May
22 %
!
ending
High
2
22
130
*
common
f
Jan
13.450
17%
!
LISTED
week
21
16%
14 %
•
for
350
4%
,
.-.=;' ,;..M
Si
Range Since January 1
Low
25
3%
__
100
v
Canadian Breweries
:
*
common
24
22
5
Gold
Shares
Hian
17% !,
*
Canada
!
j
./V
.
for Week
Low
25
i'/'.
.,.
Sales
Range
If v;
•
*
•f Prices
Sale Price
Par
\
..",•
'l-;•_•
-
i,
THE COMMERCIAL & FINANCIAL CHRONICLE
,
Jan
4%c Jan
Apr
1.09 Mar
35c
Feb
4.25 Mar
18c
May
'
CHRONICLE
THE COMMERCIAL & FINANCIAL
Monday, Novembers 5,,1945
^
2180
OVER-THE-COUNTER MARKETS
Quotations
for
Friday,
November 2
Quotations on Real Eslale Bonds
For
Specialists
Shaskan & Co.
f»
OVER-THE-COUNTER SECURITIES
Members New York Stock
Members New York Curb
Trading Markets
Firm
in
40 Exchange Place,
New York 5, N. Y.
ISSUES
ACTIVE
250
Exchange
Exchange
Bell Teletype NY 1-953
DIgby 4-4950
Tel:
120 Broadway, New York
2-8700
Tele. NY 1-1287 & 1-1288
REctor
Phone:
Direct
Wires to
Reorganization Rails
Association
Members New York Security Dealers
Established 1923
CHICAGO —»PHILADELPHIA
(When, as and if Issued)
Bid
Bos ds—
Bid
Ask
Investing Companies
p»*
,
IV*
1
AAmerex Holding Corp
10
American Business Shares
-1
1
American Foreign Investlng-lOc
Assoc'ted Standard Oil shares—
Axe-Houghton Fund Inc
1
Axe Houghton Fund B
Series
6.57
Series
B-2
4.85
Series
B-3
13.96
15.14
Scries
B-4
Series
K-l
Series
K-2
8%
7%
18.23
19.60
35.68
38.37
7%
8%
Series
1
Fund
Inv
25.09
Loomis
40.39
43.66
Loomis Sayles Second
Ltd
21.61
23.67
3.90
4.50
Mass
34.74
37.36
Mass
1
•
Century Shares Trust
Fund—
2d Fund
Mutual Invest Fund Inc
13.47
Investors
/.■ D
—
Eaton
7.35
8.30
Low
1.64
2.50
25o
-
-
1.80
Low
26.54
Financial Industrial
General Capital
Corp—
General Investors Trust——1
32.99
36.15
7.28
"6.43
6.36;
Merchandising
14.24
7.37
Metals
9.51
Oils
/A
shares
9.41
Price Shares
Merchandise
—
stock
—
8.71
10.66
11.18
—
8.71
9.57
9.25
10.16
/
shares
North
Amer Trust
—1
Petroleum
7.63
Putnam
Bond shares
4.02
4.43
Republic Invest Fund
RR Equipment shares
5.72
6.30
shares—...//
6.75
7.42
//
5.79
6.37
5.41
5.96
7.59
Standard
Railroad
stock
Steer shares—
Tobacco
shares
Trading
A
Huron
Income
shares—————
Holding corp
Foundation
-
Scudder, Stevens & Clark
4.39
1.82
8
31.34
Aviation
Bank
Securities
1
:
111.27
13.88,
7.47
2.76
17.76
1.08
-1.18
A—
24.47
100
2
Casualty
New Brunswick
89
6.85
7.10
New
10
Hampshire Fire
York Fire
North
10
21'A
23%
Northeastern
10
67
70
54
302
24
8%
91%
•
River
—
Pacific
39%
63
10
10
Firemen's
10
Franklin
63%
10
Newark..-
of
161%
42%
Indemnity Co
U—9.13
14%
Preferred Accident
66%
Republic
15%
10
(Texas)
Paul Fire & Marine
0
24%
26 %
St
65%
69 %
Seaboard Surety
10
19%
Security
23'A
77
53%
35 %
10
12 V2
10
10
Fire
(Paul)
Revere
6%
29%
2
(NY)
Corp
Reinsurance
__o
Fire
General Reinsurance Corp
Gibraltar Fire & Marine
New Haven—
9
5)
%
54%
B
10%
11%
25o
98c
Standard Accident
15
15
32%
8
35%
37'A
10
30%
32'A
Great
American
Hanover
—
Fire
10
1.09
9.61
24.58
Fund-—
Pwr Shares A—
&
91%
116
120%
Bid
10.51
38'A
572
43%
55'A
83%
37
10
Travelers
100
U S Fidelity & Guaranty Co—2
U S Fire
4
U S Guarantee
10
Westchester Fire
2.50
33.02
35.89
ABlalr
&
16.52
16.89
A First
Boston
Lt
1
8 "4
50%
Consumers
8%
10
52%
1975
2%s
100%
1975
101%
1980
107%
2%s—
1975
103 %
103%
1953
Power
Northern
99%
Ask
May 1, 1956-1946_
1%S Oct 1, 1950-1948
2V«s Feb.
I.
Home
Loan
101.8
0.90%
v
-
'
101.11
April
15,
Other
1990
102%
103
101%
99%
.1975
99%
100 %
Southwestern Bell Tel 2%s_. .1985
101%
101%
Reading
3%s
Co
Pacific Ry
37/as__
102
&
Elec Service 2%s
Power
105
1975
Texas
102
104 %
102%
1980
Union
Pacific
Western
3s_,
.1985
...
Lt & Tel 3s
Preferred Stocks—
101%
100%
101
.1990
105%
106 Va
.1975
101%
102
99%
100%
102%,
103%
Allied
104%
105 %
Armstrong Cork
1975
104%
104%
1975
102%
103 >A
1974
106%
107%
1975
100
100 %
Monongahela Power 4.40%
100
Ruppert (Jacob) 4%...
—100
Union Oil
(Cal) $3.75—
:•
Westvaco Chlorine $3.75.^
*
b0.90
1946
Elec
Narragansett
Y
N
V 80%
3s—
2%s
Connecting
100.11
100.13
U S Conversion 3s
104
U S Conversion
1948
100.11
1947
102.28
133%
134%
United States Treasury
Rates quoted are tut
Quotations For U. S. Treasury Notes
•••'!>.
tDec.
15.
1945-
tMar 15.
1946—
tDec
1946...
15.
tMar 15 1947—a
tSept.
%%
1
100
%
Art
101.1
100.2
100.3
.
\Vi%
100.20
100.21
tO.90s
.
iy4*
100.13
100.14
t%s Feb. 1, 1946
t%s March 1, 1946
.
15.
1947.
100.29
100.30
tSept.
15,
1947.
1%%
100.14
100.15
tSept.
15.
1948-
1%%
101.3
101.4
'
1%%
Jan.
1.
1946
/
•
'
•
1.09%
V
.0267
July 1, 1946
1. 1946
103%
104
100%
1
110
104
101 'A
v
1, 1946—;—
Blrt
Ask
0.28%
b0.375
0.32%
1945.
b0.375
0.33%
1945—
b0.375
0.34%
January
3,
1946
January 10, 1946—
January 17, 1946—
0.32%
b0.375
0.33%
January
24,
1946—
b0.375
0.33%
January
31,
1946—
29,
1945.
1945
13,
1945.
Ask
20,
December 27,
December
1945—
Bills
b0.375
-
to
.0413
.0386
.0400
.0363
.0221
name
.0516
.0199
a
b0.375
0.35%
b0.375
0.35%
b0.375
0.35%
b0.375
0.35%
b0.375
0.35%
dDeferred delivery,
e Ex-interest, f Flat, price*... k Removed,
s Cash sale—not included in range for year,
t Ex-stock
y Ex-rights,
z Formerly Athey Truss Wheel Co.;
changed effective Sept. 17, 1945/
Odd lot sales,
Stock
dividend.
.0401
•No
Exchange,
(TJn»
par
b Yield price.
r
Canadian
Unlisted
value,
issue,
tin default.
furnished by sponsor or issuer.
—-
r/:
\l
loP
109
discount at purchase
November
December
,0310
.0252
—
Bid
b0.375
1945—
8,
December 6,
.0339
.0196
—
'
b0.375 0.32%
.0331
.0258
t7/aS Aug
yy-t%s Sept. 1, 1946
lYaS/Oct.
108
103
.0342
•/ .0310
t7/aS June 1. 1946
*•
November 23, 1945—
.0352
.0270
t7/as April 1, 1946
'. -t%S May 1, 1946
c
..
November 15,
.0306
—
JA
November
Maturity—
Dollar Price 100 Plus
Bid
Certificates of Indebtedness—
Ask
t%s Dec. 1, 1945
.0293
.0375
1
>
TreMtnry bins—
Figures after decimal point represent one or more 32ds of a point
Bid
103%
100.13
.
Int, Bate
100
3%%——
103
1961
3s
Panama Canal 3s
Matarity—
*
Par
1965
Stores
99%
99
100%
.1975
1975
Lt
107%
.1975
Light 2%s
&
3%S——
Gas
105%
103'A
Texas
1974
104
"99%
Texas
2000
Lt &
«rt
103%
Issues
103%
.—
39 %
(Okla) 2%s___. .1975
Mountain States Power 3s_
Ask
Banks—
■
1955-1953
45%
58%
101%
Monongahela Power 3s—__
Bid
Federal
38
587
101 %
100%
107%
Pow 27/«s—
Houston
Obligations Of Governmental Agencies
100.13
37%
"41%
106%
102
Ry—
3%s
Page 2163
Laclede
100.11
25'A
80
58%
102%
Minnesota Pow 6s Lt 3%s.
-
7%
31%
.1975
3%s_
(Indiana)
Serv
Public Serv
2%s~
K_
El
&
Pwr 3s ser
3s__ .1977
.1975
Pub
101 %
Kansas City Southern 4s__
Kans Okla & Gulf Ry 3%s
1956-1946
42
Pennsyl Pow & Lt 3s
Portland Gen Elec 3%s— .1975
104 %
103%
3%S
FOR NEW YORK CITY BANKS & TRUST COS.—See
1,
109%
64
99 %
15%
105
.1975
4%s
Pacific
Pacific Gas & Electric
106%
103 %
103%
Erie RR 2s__
Great
106
1965
Gas
&
1974
Serv
Pub
Vt
Conn
Corp
3%s_
1974
Ceianese»Corp
Cincinnati
Co—
Lt
&
3s
Birmingham Electric 3s
22.14
Banking
Corporations
Investors Fund
Bid
Ask
Northern
Pow
Arkansas
__
20.30
Investment
17,49
Jan.
9'A
95 %
Security Issues
Bonds—
26.87
19.60
1
Recent
Cent
15,97
3s
16 %
25%
126'%
122
25
Springfield Fire & Marine
Globe & Republic
Globe & Rutgers Fire com
2nd preferred —
9.98
1.30
Bid
49%
168
_r
107
5
103%
59'A
95 %
14
39%
25
10
10
8
10
Fire
Phoenix
Providence-Washington
53%
20
Md
23.20
Union Preferred Stock
Federal Land Bank Bonds—
185
34'A
31
57%
10
5
2.50
5
12.50
Northern
9
60%
6%
175
32'A
28 %
47%
15'A
20
2
10
Fire
Union
Amsterdam
25'A
Fire
25.23
21.23
Stock and Bond Group shares.
Investment Co of America
10
1
New
23%
1.19
Insurance Group shares.
(Detroit)
National Liberty
8
19.46
Group shares
Fire
Casualty
8.18
——
B—————
Wellington Fund-
Group shares
O
10c
Unicn Common Stock. Fund B—.
3.10
84%
Mfrs Fire N Y
&
88c
Series
Ltd—
2S
113.51
15.13
Trusteed Industry Shares
Union Bond Fund series
33.70
•
7%
6%
Hartford
•
—2%
Utilities
U S El Lt
Institutional
National Fire
Merch
17,%
65.50
1.99
Incorporated investors
Independence Trust Shares
National
73
45%
10
Fireman's Fd of San Fran
4.83
80c
.Series
10c
23'A
2%
-
& Deposit of
Fire Assn of Phila./
17.90
62.50
Inc
Common
21%
70
42%
Federal
*
Fund, Inc
95c
80c
.1
-
Fund
;
Fidelity
20
State Street Investment Corp—
Utility
5%
41%
63%
7%
Monarch
10
Surety
Employers Reinsurance
3.42
15
1
u
Selected Amer Shares
4%
38'A
78 %
Pacific
9.74
3 6.65
——
Fund
_4
10
10
19%
74%.
25
Reserve
Crum & Forster Inc.
11.00
1
Sovereign Investors
6.90
Railroad
&
(Geo)
91 %
63'A
9%
Merchant Fire Assur
Glens Falls Fire
Series 1956
6.50
87
60%
8%
10
Employees Group
3.70
—1
5.91
-
shares
12%
5
—4
13
21%
14%
20%
Connecticut General Life
shares—
Series 1955
6.94
Mining shares
Petroleum
8.67
Railroad equipment
Steel
-
Fidelity & Casualty_5
2%
Continental Casualty—
9.53
8.86
—
10.20
17.65
16'A
City of New York
13.29
10.01
Railroad
10.34
9.28
42
1
Casualty
Massacnusetts Bonding
Maryland
New
9.58
12.10
—
10.61
Investing
fl
Camden
15.64
14.35
Machinery shares—
5
Bankers & Shippers
Boston
11.68
equipment
111
National
13.29
8.65
Institutional bond shares
11%
20%
127/8
Casualty
Equitable
Automobile
12.92
12.10
Insurance
—
Industrial
Low
10.63
11.76
Electrical
6.70
bond
General
i
«.
Machinery
10.83
shares—
Administered
35%
American
14.93
11.08
Food shares
32%
American
Art
48%
31%
25%
4
Re-Insurance
Bid
38%
86 V2
24
Automobile
American
17.85
Ap 7.49
9.86'
Electrical Equipment
Fully
13.59
16.26
6.81
■
—
54%
45%
29%
15
107'A
83
American of Newark
11.23
10.22
Diversified Investment FundDiversified
Par
10
Alliance
American
16.68
8.91
10.09
—
shares
21%
Inspect._10
8
Homestead Fire
10
Insur Co of North America—.10
Jersey Insurance of N Y
20
Home
American
11.30
15.19
—
——
—
67
19 %
52 %
Hartford Steamboller
61%
52%
American
13.51
10.28
T
Speculative
74 %
29
27
65
com
Art
90%
American
9.98
12.30
Chemical.
,
Bla
59
50%
American
17.39
9.80
8.92,
8.11
72,/2
Preferred
20
Life
Aetna
15.09
9.08
Equipment
Grande
Rio
87%
Surety
&
Agricultural
5.27
5.38
7.56
16.58
13.74
Building supply
&
40
38
•
100
10
10
Casual
Aetna
8.56
6.08
15.34
13.07
shares
Aviation
1
stock
Bank
44.52
Building shares
Chemical
—
Aviation
—.
Aetna
10.36
4.75
4.84
6.82
16.41
Automobile
Group SecuritiesAgricultural shares——
shares
7.78
5.41
9.38
scries
Agriculture
6.40
1
Pacific—
—
preferred
Insurance Companies
Stocks Inc—
Business
Automobile
series
priced bond series
priced stock common—
New York
78 %
103
Baltimore American
8.53
7.65
Fund—^0
!
Fundamental Investors Inc——2
Fundamental Trust shares A—2!
Mutual Trust
First
76 %
101
Par
52 %
;•
Common
Denver
78
—
Chicago Rock Island &
Preferred
8.12
6.66
9.83
|
7-39
6.02
8.83
Speculative series
Stock series
New England Fund
2.62
2.38
50
——.lOr
94
St Louis & San Francisco com—
17,16
12.66
2
Selected series
28.93
26.86
Fund, Inc.
Corp.;
First Boston
18.49
'
•
Inc
Fund
Fidelity
28.32
17.29
Fund———1
Fund——-———--1
Balanced
Stock
stock
Preferred stock
Howard-
&
15.98
11.71
—
—
2018
1393
4%s
1st 3-4s income
_
_
series—
Income
105
92
Grande-
Rio
&
Income
10.15
31.10
15.98
16.93
ser.les
Industrial
Diversified Trustee Shares—
Dividend Shares
Denver
National Security Series-
24.67
22.82
-1
shares
Balanced
Bond
Fund
9 23
28.92
14.86
15.49
10
National Investors Corp
4%s
income
5%
Securities—
Nation-Wide
103
Stoclcs
1994
2019
ist 4s
Conv
75-year 4%s
Income
127.60
54.80
1
1
Trust
Investors
72
Ask
98
96
76
7,93
12.5.05
53.70
Sayles Mutual Fund—•
Fund—10
Manhattan Bond Fund Inc—
Common
.10c
12.45
—I
1
3,160
Christiana Securities com—-100 3,060
149
144
Preferred
——100
6.97
6.41
Commonwealth Invest—
1
65%
62 %
Consol Investment Trust1
Chemical
Delaware
Fund
Knickerbocker
112.17
23.33
1
Ltd
Fund
Bullock
7.17
7.18
81
1
Broad Street Invest Co Inc
Canadian
S-4
107.68
Inc
Fund
8-2
S-3
Series
8
America
of
Tr
Inv
—
Series S-1-
Series
ACommon
Boston
30.07
30.19
21.96
12.08
23.39
34.06
33.09
17.95
15.97
7.96
70
Chicago Rock Island & Pacific¬
B-I
5.32
39
37%
Bankers Nat Investing—
Bond
28.72
27.52
20.03
1100
21.34
30.97
30.13
16.31
14.49
93
Francisco—
1st 50-year 4s
95
Art
Keystone CustClan Funds-
11.40
10.39
6.01
-i
Aeronautical Securities—
Bid
Far
Ask
Bid
<Affiliated Fund Inc
2nd 4%s
Louisville—
1983
2003
& San
Louis
St
Chic Indianapolis &
1st 4s
market,
x
Ex-dividend,
tThese bonds are subject to all
*
....
Federal taxes.
^Quotations not
Volume 162
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4435
„
I
THE COURSE OF BANK CLEARINGS
Bank
clearings this week win
Preliminary figures compiled by
increase
an
based
with a year ago.
compared
will
at
stands
against
$12,380,234,833
e^ed
Friday of 10.8%.
Our preliminary
Week Ending Nov.
3—
:
'
■=
1944
$6,161,130,703
H-
■
Chicago—
■
$5,559,644,324
469,747,851
482,343,095
—
—
—
—
a
.
^
631,511;
1,705,215
+27.3
1,749,517
627,000,000
7.2
624,000,000
1,307,110.
569,000,0001
2,417,054
1,541,805
\
1,748,181
i
■ ■
687,604,600
716,000,000
318,010,097
+
1.4
*
-
1,586,598?
1,465,946
6,981,200
•': 1,741,143
4,126,400
641,634,956
582,473,811
.—10.2
3,412,200
+ 25.8
641,253,764
3,948,003
•f
7.2
+
114,205,765
221,813,612
'
+
7.5
2.5
Youngstown
264,496,000
—
3.9
222,349,798
—11.9
196,599,175
14,652,400
Mansfield
+
+ 22.1
3,234,300
116,307,256
206,180,251
1 ~
Columbus.
195,997,098
San Francisco
i
Cleveland
168,077,866
•
16,958,600
■
2,978,641!
3,397,762
+
1.8
101,167,516
91,888,990?
—
7;0
227,883,593
204,963,609
—13.6
15,509,000
11,948,000;
^rlO.5
173,400,000
Pittsburgh
1.429,369
Federal Reserve District—Cleveland—
169,100,000
180,640,242
;
1,158,304!
2,175,292;
2,703,713
9.9
+
1,481,154
0.1
.1,945,726
-
385,229
•
2.0
—
1,376,435
4,292,500
(10 cities)
254,236,000
City
....
Jersey—Trenton..
175,854,116
Kansas
570,188
"
Cincinnati
—19.3
578,000,000
322,602,951
Philadelphia——
-
380,2241
534,560
*890,000
1,512,161
Ohio—Canton
2.6
•
;?
+ 89.1
—14.5
—20.5
2,171,275
672,000,000
1,511,390
„/.../■■■.■■■'■
0r._—
Fourth
+ 10.8
—
*
i
%
>•
1942
719,309
Wilkes-Barre
Total
'396,005
748,947
>
1945
$
740,015
Scran ton
New
1943
%
2,415,798
■:■
....
.Philadelphia...
Reading...—...—
Our comparative
or
571,576
^'
Lancaster
.
Clearings—Returns by Telegraph
j
i~
•'632,772 *
'
Chester....:
*t
for the week follows:
summary
Inc.
Dec.
District—Philadelphia—
Bethlehem-..
V
$1M>96,009,340 for the same week in 1944.
week
At this center there is a gain for the
Federal Reserve
Pennsylvania—Altoona
Nov. 3, clearings
from, which it is possible to obtain weekly clearings
above those for the corresponding week last year.
5.8%
be
total
Third
telegraphic advices from the chief
upon
cities of the country, indicate that for the week ended Saturday,
for all cities of the United'States
Week Ended Oct. 27
1944
$
dow
us,
2181
7
124,693,335
126,346,190
t
'
....
(7 cities)..
248,211,146
—10.7
569,986,421
Pennsylvania—Pittsburgh..
Total
2,783,777
4,377,562
221,737,172
—I"
;
610,726,325
—
2,257,121
+ 23.3
4,045,781
+
1,973,924-
1,974,960
8.2
4,142,844
3,327,554
267,920,342
247,089,4741
-
?
6.7
564,171,092."
621,996;017-
»;
1.3
—
I
Fifth Federal Reserve District—RichmondTen
cities, five days
$8,636,302,296
$8,222,966,545
+
5.0
Other
cities, five days
1,680,560,065
1,626,391,455
+
3.3
Virginia—Huntington
$10,316,862,361
$9,849,358,000
+
4.7
2,063,372,472
1,846,651,340
+
11.7
cities, one day
South
$12,380,234,833 $11,696,009,340
Carolina—Charleston
of
issue of next week.
ends
Saturday and the Saturday figures are not available at time of going to
we
press.
For that
27.
Oct.
week there
was
increase of
an
296,598,797
Federal Reserve
966,703 in the same week in 1944.
previous—the week
11,385,736
show
of 6.5%.
Reserve District
Atlanta
an
13.8%.
Reserve District of
Total
11,740,984
6.4% and in the
1st
+
3.3
61.479,322
4,873,388
^
319,886
*100,000,000
263,704
95,244,472
441,789,352
414,923,520
3d
557,811
3,574,006
2,874,562
3; 164,463
31,277,000,
__
K
7
—
5th Richmond
Illinois—Bloomington
Chicago
—
Louis
—
Minneapolis
„
City
10th Kansas
„
11th Dallas
+
7.2
641,634,956
582,473,811
610,726,325
296,598,797
414,923,520
621,996,017
.
._
—i.
+
2.7
274,328,051
+
6.5
376,476,633
628,657,176
+
7.0
594,736,198
+
3.2
316,672,667
3,810,868
8,765,881
+ 33.3
7,665,747
31,669,733
—16.4
31.965,867
1,975,535
+ 13.3
16,656,659
5,899,903
1,054,981
500.671,717
+ 13.8
222,597,265
+
8.2
306,100,318
246,820,602
152,278,081
+
9.2
526,509,194
|+
9,824,966,703
4,679,895,930
133,866,602
19.3
+
Clearings at—
1944
4.8
9,722,742,704
7,972,438,438
4,515,007,006
3.9
+
15.2
1,124,000
1,395,113
330,192,848
320,000,902
+
183,652,216
5,023,079
158,181,775
50,613,604
482,804,485
+
4.8
50,313,325
4,031,561
3,313,136
+ 21.7
3,493,693
1,875,235
1,627,614
+ 15.2
1,636,361
2,453,009
6,624,777
2,084,309
+ 17.7
5,346,939
+
1,567,202;
5,520,141
254,779,090
223,857,337
(4 cities)
Federal
Rhode
New
Total
<12
$
$
%
Paul
Dakota—Fargo
(7 cities)
9.0
3,207,464
+
324,732,596
325,772,191
1,457,672
559,966
560,164
1,367,449
+
5.3
1,188,415
+ 15.1
"4,946,809
2,710,992
16,057,183
6,881,760
6,745,159
17,128,000
518,114
403,858,917
+ 21.7
2,799,807
6,430,676
1,165,442
13,259,531
Total
Northern New Jersey.
206,316
+
238,360
3,422,407
1,282,261
-
1,330,397
6,711,657
179,003,510
+ 43.1
+ 13.3
3,100,500
72,397,565
7.7
181,247
,4*4
18.6
+ 29.5
6,200,486
198,228,398
4.4
209,765,792
% 6,259,854
+
+
6,262,974
+ 11.1
899,063
891,056
+ 24.2
316,485,836
(10 cities)
292,490,494
-
157,447
3,*337288
2,959,113
—12.7
.
.
75,822,799
3,176,730
6,569,637
2.0
6,037,774
5,841,246
+
16.9
15,886,400
18,404,500
+
18.4
599,215
484,468
3,109,262
+
+
6.4
58,796,400
2,133,905
:■■■;
5,070,463
171,895,062
4,548,213
958,670
•t
*109,000
+ 17.9
881,857
772,821
8.2
306,100,318
246,820,602
+
Fort Worth
67,894,000
940,149
—
—
—
1,158,652
Galveston-:
Wichita
0.8
,
5,604,492
1,557,530
4.6
+67.2
1,376,705
61,763,009
14,973,153
+ 33.2
2,051,628
+
8.5
105,411,750
94,345,818
+
8.1
*16,000,000
*14,500,000
—
1,051,109
-,826,675
5,207,735,698
6,713,056
■■■-l
401,283
34.0
+
5.3
+
9.2
133,866,602
7.7
88,683,704
2,312,688
8.1
10,464,578
6,050,939
6,199,755
2,845,914
3,745,702
*
"O
2,898,000
1,448,241
1,061,984
4,992,997
120,102,250
oco
—
' +31^
80,082,151
::
1,727,054
73,263,650
+
+
8.3 T "
78,116,112
28,667,666
+
7.7
27,347,460
6,408,388
4,281,870
+
49.7
4,693,653
339,701,000
3,603,641
+
30.2
3,249,410
2,081,415
304,124,000
+ 11.7
276,258,000
243,882,000
12,061,301
1,693,914
—31.9
5,410,533
3,533,69^
+ 66.5
1,811,212
1,172,743
7,207,769
5,275,072
+36.6
4,612,0fil
4,173,806
79,336,530
Utah—Salt
Lake
30,879,906
City-
California—Long Beach
Pasadena
8,216,834
6,198; 154
9.2
90,692,166
83,680,177
9,048,513
—14.3
152,278,081-
3,331,000
5,623,983 *
District—San
3,951,205.884
7,040,624
+18.6
+
2,303,451
2.820,644
1
716,802
+ 32.5
10,625,363
2,775,000
1,580,853
5,263,396
166,255,852
(6 cities).
Washingtoh—Seattle—
Yakima^.^2-
1,227,693
7.2
3,291,000
2,117,618
.;
Falls
.Oregon—Portland
52,800,000
—30.7
35,307,075
125,352,000
381,031,142
375,329,080
1,416,626
26,196,097
2,333,679
136,005,000
16,188,217
Texas—Austin
;
10,297,164
69,841,663
,
24,857,456
6,368,287
6,072,744
+
+
+16.0
27,487,983
—
4.7
38,626,221
—
8.6
:
807,729
498,098,344
437,720,282
9,824,966,703
9,722,742,704
7,972,438,438
Outside New York—
4,679,895,930
4,515,007,006
4,021,232,554
526,509,194
26,439,388
,453
35,859,176
'
Grand Total (111 cities)
366,081
?7,401,723
•
—
4,377,063
119,386,614
42,493,111
Eleventh Federal Reserve District—Dallas-
13,994,750
5,145.070,773
465,560
—
'
222,597,265
3,620,395
1,050,913
Twelfth Federal
7,329,258
—
+13.8
5,544,755
6,034,370
—
23.9
206,998,670
6,956,825
1,116,914
City
Dallas..
11,483,386
Jersey—Montclair.
155,614,090
5,738,542
St. Joseph
2,907,323
7.7
—
981,027
Connecticut—Stamford-
4,452,453
988,000
275,487,092
4,107,614
872,774
Syracuse.
i
ui
1,193,918
4,138,277
6,818,066,082
Rochester.
+ 10.1
+ 16.1
4,114,003
Pueblo—
923,340
67,326,000
Jamestown.
316,672,667
85,843,069
Colorado—Colorado Springs
1,277,059
5.0
1,948,493
Elmlra-
Newark
16.8
6,134,602
New York.
3.2
65,767,586
City—
222,183
Wichita
Total
i
—19.3
341,074
Missouri—Kansas
5,535,271
6.1
—
.
District—New York—
York—Albany.
!
57,805,796'
1,144,000:;!
4,103,643
-
-
Omaha
589,462
653,233
28.2
+
+
429,558,259
cities)
Buffalo.
!!=
.
+
613,611
Blnghamton.
?
Dec
1,244,068
20,026,100
Island—Providence
Federal
New
3,333,080
349,255,683
14,^25,395
Hampshire—Manchester
147,600,000
61,131,506
184,100,000
73,622,871 1
.
■■■.;.■.
5,528,688
Kansas—Topeka
800,946
3,299,780
—
—
District—Minneapolis—
Hastings
1942
1943
Inc. or
1,440,028
Haven
Reserve
Nebraska—Fremont
4,761,299
.1
1.1
+
63,538,534
4,021,232,554
587,810
!
4,669,099
1,812,747
2,094,620
;
536,424,657!
594,736,198
71,667,255
Helena
1,453,624
Connecticut—Hartford
New
$
3,033,497
j,] New Bedford-
7.0
+
183,400,000
Tenth Federal Reserve District—Kahsas
371,608,248
Lowell
2,321,207 ?
73,200,000
St.
,
River
—
2,026,277'
showing the figures for each city for the
1,027,107
Massachusetts—Boston
628,657,176
*2,000,000
5,580,701-•
1.9
4.0
—
74,467,981
North
District—Boston—
,j,'| Portland
672,661,977
Minneapolis
437,720,282
four years.
Maine—Bangor
2,208,488
Minnesota—Duluth
120,102,250
498,098,344
7.6
+
$
Federal Reserve
6,769,594
•
'% 3,961,772
181,400,000
Ninth
179,003,510
292,490,494
1945
Worcester
'
474,173,10L
+ 14.5
2,095,886
2,300,630
5,659,320
451,134
424,875,794-
,515,838
7.8
-29.2
1,604,351:
12,594,799
5,899,903,
-12.3
:; +
9,450,477
28,207.324
13,358,040
+ 51.8
7,185,770
28,868,000*
:'4 3,086,983;
1,826,877 ;
14.7
+
3,407,386;.
7
29,543,036
-2,055,936
(17 cities)
452,151
4,162,624
3,027,848
'
2,969,669
;
+ 10.5
—23.5
_
Total
275,487,092
223,857,337
add our detailed statement
Springfield
10.1
+
455,278
3,663,249
——
Lincoln
,
4,658,849
4,003,168
320,914,735
■
536,424,657
320,000,902
-
:
15.5
Montana—Billings
320,914,735
Week Ended Oct. 27
Fall
28.1
+
28,304,946
539,939,517
Kentucky—Louisville
Tennessee—Memphis
Illinois—Quincy
267,232,744
4,904,764,045
week ended Oct. 27 for
First
+
—17.5
!
376,476,633
.
Eighth Federal Reserve District—St. Louis—
Total
now
6.5
5,084,817
Missouri—St. Louis
564,171,092
11,722,830,127
cities
Outside New York City.
We
+
South Dakota—Aberdeen
6.7
—
166,255,852
*4
-111
Total
641,253,764
566,696,603
II
10
4,061,056,521
316,485,836
ii
6
„
Francisco
12th San
381,031,142
5,360,876,573
254,779,090
II
10
375,329,080
31.6
672,661,977
4*
7
6.4
+
330,192,848
17
4
+
441,789,352
10
„
II
9th
76,193,723!
8,958,874
924,867
Chicago—.
Total
403,858,917
'304,674,565
<1
6
„
6th Atlanta
8th St.
4,892,661
238,502;
82;517,157
$
$
5,313,812,196
569,986,421
II
7th
214,408
5.0
19,109,848
Sioux City
1942
1943
Inc. or
Dec. %
687,604,600
If
10
Cleveland
4,323,176
+
2,238,087
—
Springfield
429,558,259
••
12
$
'30,958,406:
*45,000,000!
59,185,331
26,460,206
Haute
Wisconsin—Milwaukee
Iowa—Cedar Rapids—
Des Moines
Rockford
6,982,144,724
12 cities
-
York
1944
S
2,423,613!
*1,900,000
„
,
—10,7
+ 21.3
2,803,235
11,680,666
Bend
Terrc
4,758,737
2,948,646
South
435,387
5,497,802
Indianapolis
Federal Reserve Districts:
1945
Philadelphia
4th
2,431,358
2,065,123
38,779,330
.
'
Districts
5,769,259;
31,838,571!
121,700,000
District—Chicago-
Rapids
Decatur
Boston
New
2.1
7.3
Indiana—Fort Wayne
of 2.7% and the
The Chicago Reserve District has to its credit
SUMMARY OF BANK CLEARINGS
2d
+
9,156,774
9.5
Lansing.
District by 9.2% and in the San Francisco Reserve
Week Ended Oct. 27-
Reserve
137,000,000
+
4,354,028
(10 Cities)
Grand
The Cleveland Reserve District reports a
following we furnish a summary by
267,232,74
40,803,976
7.8
+
7,751,714
Federai
3.0
+11.4
+
—
1,677,661
63,525,203
Seventh Federal Reserve
District by 7.6%.
In the
274,328,051
47,282,467
Michigan—Ann Arbor
District of 3.2% and the Minneapolis
In the Kansas City Reserve District the totals are larger
by 8.2%, in the Dallas Reserve
2.7
+
We group
the St. Louis Reserve
increase of 7.0%,
33,754,953j
39,634,441
^
Louisiana—New Orleans.
6.7%, but the Richmond Reserve District reports a gain
of
loss
2,007,274?
143,687,576!
32,283,718
51,786,430
Mobile.——
that in the New York District (including this city) the totals
Philadelphia Reserve District of 7.2%.
2,031,937
140,990,769
150,300,000
2,427,081
Mississippi—Vicksburg.
Outside of this city there was a gain of 4.8%,
expansion of 31.6%, in the Boston Reserve District of
an
79,523,3171
4.8
44,139,119
Alabama—Birmingham
the Federal Reserve Districts in which they are located and
the cities according to
7,280,000>
•
+ 30.6
—
162,000,000
2,478,950
*1,800,000
Macon
19.3%, the aggregate of
at this center having recorded an increase of 32.5%.
from this it appears
1,222,531
District—Atlanta—
Nashville
clearings for the whole country having amounted to $11,722,830,127 against $9,824,-
the bank clearings
18.4
35,738,548
304,674,565
Georgia—Atlanta
Augusta
present further below,
able to give the final and complete results for the week
ended
+
1,877,818
156,097,767
Florida—Jacksonville
we are
91,550,096
2,222,419
Tennessee—Knoxville
Accordingly, in the above the last day of the week in all cases has to be estimated.
statement, however, which
3.7
979,624!
6,249,000
+
46,677,691
(6 cities)
Sixth
We cannot furnish them today, in as much as the week
In the elaborate detailed
+ 11.2
148,527,108
Columbia—Washington-
Total
our
+ 13.4
5,995,000
95,607,407
5.8
+
Complete and exact details for the week covered by the foregbing will appear
in
_T.,
1,282,257
6.667,000
99,125,866
,
.
Maryland—Baltimore
District
Total all cities for week
1,454,481
Virginia—Norfolk
Richmond—.
Total all cities, five days
All
West
+
7.6
'W
Total
(12
cities).
6,982,144,724
5,313,812,196
+31.6
J 'Estimated.
4,061,056,521
5,360,876,573
•
•"
•'-•V'W
H
v..
-
7^:
'
.
::■■■.
■■.
-.■
y,Vvr
v
-
>
Monday, November 5, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
2182
'
Company and Issiie—
Foreign Exchange Rates
Federal Reserve Bank, is now cer¬
the buying rate for cable transfers m the different countries of the
the Tariff Act of 1930, the
requirements of Section 522 of
Pursuant to the
tifying daily to the Secretary of the Treasury
world.
We give below a record for the week just passed:
>
FOREIGN EXCHANGE RATES CERTIFIED BY FEDERAL RESERVE BANK TO TREASURY
K;
OCT. 26. 1945 to NOV. J, 1945, INCLUSIVE
'
_
Noon
Country and Monetary Unit
-
.297733*
1
15
2064
15
1932;
•.■■■r.Jv,:.
- v
Company and Issue—
Nov. 1
Oct. 31
.022864
;
3.214113
>
3.214113
.022864
3.214113
.022864
coll.
.022864
Atlanta, Birmingham & Coast RR.
.022864
Dec
1
Dec
1
130
1387
.060602*
.060602*
.060602*
.060602*
.051802*
.051802*
.051802*
.051802*
Butte
.909090
.909090
.909090
.909090
.909090
.909090
Canadian
.907500
.907500
.907500
.907500
905000
.906875
Cassco
.569800*
.569800*
.569800*
.569800*
.569800*
Electric
.569800*
4.033281
.020189
.020189
.020189
4.033437
.020189
.020189
4.033750
.020189
.301215
(British), rupee
Mexico, peso
J
Newfoundland, dollar-
Pacific
.301215
.301215
.301215
.301215
.301215
.205780
.205780
i *
1884
1884
&
1
2012
2012
1766
.909090
.909090
Cuban
.905000
.905000
.902500
.904375
3.226666
3.227000
3.227000
3.227000
3.227000
Dayton Power & Light Co.—
First mtge. bonds, 3% series due
4.005000
4.005000
4.005000
4.005000
4.005000
.905000
Zellerbach Corp., $5 preferred stock"—Dec
Telep. Co. 51% 1st mtge. conv. bonds due 1951—Jan
.658300*
.653300*
.658300*
.562900*
.562900*
.562900*
.562900*
.562900*
Reserve Banks Combined
dollars)
Decrease
,
.•
•
Other
r
Nov.
1944
r
mm ,
-
■■ ■
...
mm
217,961
+
10,000
+
760,850
t
cash
Discounts
Industrial
17.879,415
reserves
243,574
advances
2,361
1
loans
+
—
7,004
—
368
49,350
339
—
—
for
dealers
and
brokers
to
+ 152,003
13,172,465
7.206,161
Bills
+
35,000
+
+
+
1,920.150
—
6,178
266,034
—
977.392
Bonds
1,662,953
3,456,671
817,279
+
+ 187,003
23,276,168
5,670,869
Due
P.
from
110
112,831
1,841,006
foreign banks
of other banks
R. notes
Uncollected
items
Bank
premises
iOther assets
„
+
26
+
+
653
—
63
—
34,605
69,014
+
5,801
20,790
—
60,805
^
5,744,416
—
.
33,724
.
+
+236,014
23,717,585
securities
and
3,742
+
2,077
43,889,050
assets
+ 252,649
+5,169,555
Liabilities—
Federal Reserve notes.
24,215,012
+
59,745
bank—reserve
acct.
15,723,412
Treasurer—gen. acct.,
Foreign
428,929
+ 134,042
937.522
—
27,285
435,318
+
51,263
U. S.
Other
*
Real estate loans
Other loans
—
deposits
17,525,181
Deferred availability items..
Other liabs., incl. accrd. divs...
Treasury certificates of
indebtedness—
,
Treasury notes
1,571,589
11,541
liabilities
43,323,323
Surplus (Section
Other
(Section
capital
172,725
7).j.
—
27,811
.
+3,392,232
of
serves
note
gold
to
'
certificate
deposit
to
and
F.
Other securities
Banks
Reserve with Federal Reserve
■"
+
Balances wzth domestic
899
—
+
+
172*
1,875
+
25*
+
+
+
4
—
95
U. S. Government
make
+ 567
deposits
288,926
Foreign banks..
+
1,111
339
28,827
1,593,129
91,374
+
+
+
+249,963
+
+
1,719
+
1,683
+
995
+
12,286
+
40,056
+
7
+
235
+
73
+
56
deposit accounts except
S.
Gov't accounts,
demand
to
1515
Cos, 1st & ref. mtge. 33/4S due 1966
Nov
Corp. of America—
gold notes, ser. of 1929 due Jan. & July
29
*
Jan
1
1516
Apr
1
1516
Connecting RR. 1st mtge. 3Vis, ser. A„ ]965—Dec
New York Telephone Co., ref. mtge. 3'A% bonds, ser. B,
1
; *
Jan. 1, '46
2020
+
1,027
and
interbank
during week
U.
...
—
—
&
+
137,684
43,889,050
+
2,639
+
+
252,649
+
39,251
+5,169,555
R.
1'
'
-
42.8%
.2%
7.7 %
indus¬
3,679
128
1,104
due
series
Pacific
B,
due
55th
East
due
bonds,
The condition statement of weekly
reporting member
of the Federal Reserve System in 101
leading
shows the following principal
changes for the
week ended Oct. 24:
An increase of $567,000,000 in
ref.
Ry.
; demand deposits adjusted, and decreases of $483,000,000
in United States Government
deposits and $304,000,000
in deposits credited to domestic banks
Loans to Others than brokers and dealers for
purchas¬
carrying United
States
Government
obligations
declined $32,000,000 in New York
City, $10,000,000 in
the Cleveland District, and $63,000,000 at all
reporting
member banks.
Commercial, industrial, and agricultural
loans increased $15,000,000.
Holdings of Treasury bills declined
$192,000,000 in
Dis¬
New York City, $29,000,000 in the San Francisco
trict, and $250,000,000 at all reporting member banks.
Holdings of Treasury certificates of indebtedness and
of Treasury notes increased $40,000,000 and $25,000,000,
respectively.
Holdings of United States Government
bonds increased $53,000,000 in New York
City, $51,000,000 in the San Francisco District, and $172,000,000
at all reporting member banks.
f
Demand deposits adjusted increased in nearly all dis¬
tricts, the principal increases being $226,000,000 in New
York City, $76,000,000 in the San Francisco District,
and $57,000,000 in the Chicago District.
Time deposits
increased $26,000,000.
United States Government de¬
posits declined in all districts^
Deposits credited to domestic banks declined in all
districts and the total decrease at all reporting member
banks was $304,000,000.
<
Borrowings increased $23,000,000 in the San Fran¬
District, $16,000,000, in the Chicago District, $14,-
8%
1st -ntge. 4%
Reading Co.—
'
1947
due
bonds
Corp. 4%
Company
due
gold debentures—Nov
bonds due 1950..Nov
Mfg.
4%
Co.,
*
1
1644-
Apr. 1,'46
'*
Ref.
mtge.
bonds, series B,
3 'A %
due
conv.
1965
General Shoe
4s,
1
*
15
2022
series A, due 1971
Nov 24
Ramsey Accessories Mfg. Corp. 6% pfd. stock
Nov 15
Reading Co. Jersey Central coll. trust 4s due 1951--Apr. 1, '46
San Jose Water Works 1st mtge. 33As, series A
Dec
1
2022
Pacific
RR.
Bell
1st
Page
2009
1
*
—Nov 26
stock—Dec
1
—Nov 10
*
1884
668
Co.—
.
Dec 31
*
Nov 15
1888
Dec
w-—a—-
Association of St.
RR.
6%
United States Asphalt
bonds
Warner
Western
due
7%
Co.,
1
Ref. mtge.
Ref.
mtge, 3Ve%
Williams
(J.
B.)
first
we
which
and
.
5s
*
;
Corp.—
i
..
*
Steel
Co.
Altorfer
S3
convertible
Electric
1
*
American
Chain
1
*
1
*
Nov 30
*
Inc., 1st mtge. 3'/4s, due I960—Nov 15
1896
5%
debs., due
1949
American
Forging
Home
••
Corp.,
bonds,
due
1947
.
—
Dec
1
*
American
11-15
11- 1
11-. 1
1- 2
11- 9
10-25
10-25
..11-30
SI
20c
12- 1
_12- 1
11-19
Ll-15
50c
$1.25
12'Ac
12-15
12-15
12- 1
~|12- 5
Pulley
Ltd
(St.
Louisi
-
&
Socket Co.——
(monthly)
20c
Products
Co., 6'/l
\l°ter
Joseph Ry., Light, Heat & Power Co. 1st mtge. 4'A %
25c
5c
75c
?30c
(quar.)—
-
Ice
11-14
10-31
10-31
11-10
—
Insurance
Extra-
American
12-12
11-15
11-10
11-25
——_
&; Cable, common
(quar.)_
:—_———
American
Dec
due
!
——
preferred
Go
Co....
Holders
of Rec.
25c
87'Ac
(quar.)
(irreg.)
Co;
When
Payable
20c
preferred
Pennsylvania Glass Sand Corp., 1st mtge..3'As due 1960_Dec
Pittsburgh Steel Co., 1st mtge. 4y»% bonds, due 1950—Dec
1st mtge. bonds,
table in-
40c
pfd.
(quar.)
Co.,1 common
Arch
4%
Share
7%
Gas
Automobile
St.
1816
1932
Department" in the week when*
I——
Co.
Bros.
Amalgamated
.
second
a
<quar.)__——
—•
1
Acme Wire Co
American
Revere Copper & Brass.
8
15
previously announced, but
Per
American
ser.
follow with
S
*
—
*
1816
161
Kami 0/ Company
1894
1958
we
Investment News
1
1st & ref. 3'As,
of Colorado
Nov
Volume
8
Industrial and Miscellaneous Companies
2020
..
Nov 16
collat. trust bonds, due 1949
Co.
1932
1 '
The dividends announced this week are:
Acme
15-yr. debs, due
England Theatres, Inc.
15
3'As, series A,
declared.
I, due 1966-Jan
Service
t In
issue,
show the dividends
2017
—
Poli-New
1686
Nov
stock
preferred stock
75-cent
Then
week.
we
Kid
Public
1932
10
which have not yet been paid.
Further details and rec¬
ord of past dividend payments in many cases are given,
under the company name in our "General Corporation
Finance
American Funding
12490
4'A%)
(now
grouped in two separate tables.
In thebring together all the dividends announced the
Allied
1st mtge.
1556
Dec
are
Allied
6%
*
1
series
DIVIDENDS
Dividends
2020
North
*
1
bonds,
bds., ser. E, due 1945 to l?49_Nov
this
in
1893
mtge.
preferred stock
Pacific Gas & Elec. Co.
17
bonds,^series F, due June 15, 1966—Nov
Co.,
31
Co.,
5%
1st & ref. mtge.
serial 2 'A %
*
Products Corp.,
Dairy
2024
1974—Dec
B,,
—Jan
Dec
Casket
1936
24
Nov
1st preferred
1959
Nov 24
3'/4 % debs, due 1960__Dec
1
National Oil Products Co., 3'/4% debs, due 1955
Dec 10
National
National Container Corp., 5%
1,
A,
:
Maryland Ry.
Allentown-Bethlehem
National
1936
'46
ser.
1977
•
1st
ser.
1st mtge. 6%
Corp.
—
1772
Corp:
'46
gold debenture bonds, series A. due 2022
July 1, '47
Pacific RR., ref. mtge. 3'As, ser. A, due 1980—-Dec
1
Union
1
—
——.
Bridge
1526
1,
Jan
3%s,
mtge. lef. 4s, due 1953
Pacific Ry. gen. & ref. mtge.
due 1980
1
15
—
Hooe
Jan. 1, '46
Louis—
&
Dec
1961
1955
Nov
Jan
due
due
Texas Power & Light Co.—
*
2016
1640
1890
Corp. 3% debentures due 1959—
1st intge. 33/4S, due 1969
Nov 24
Lake St. John Power <fe Paper Co., Ltd., 1st mtge. 5'As
Mount
4s
1st mtge. 33As,
Power Co.,
.
series A, due 1948
Service Co.,
Public
mtge.
*
1678
1679
Co.—
1969
current
income bonds
Dec 31
.—Nov 15
Stores Corp., 5'/4%
preferred stock
Nov 15
Service Corp. 1st & ref. mtge. bonds due 1950—Jan
1
Howard
Iowa
ref.
Telephone
&
1808
Griess-Pfleger Tanning Co., convertible income deb
Hinde & Dauch Paper Co. $4 preferred stock—
Indiana
1966
series
1678
mtge. bonds, ser. F,
;
——
collat.
1883
2016
8
7
Date
Nov 23
stock
preferred
pfd. stock-
conv.
Co., gen. & ref. 4%
Coast Public Service
1st lien
due
Ohio & Detroit RR. 1st & ref. mtge.
B, C and D
Jan
Phelps Dodge Corp., 3'/2% debentures due 1952
Dec
Public
Service
Cp.
of
Oklahoma,
1st
mtge.
3'As,
bonds,
REDEMPTION
American Locomotive Co 7% preferred stock
California Electric Power Co., 5'/4% prior pfd.
East
®
Pennsylvania,
Pnee
Dec 28
Nov
Detroit Edison
*
*
1
Refunding & improvement mtge.
Dec 28
due 1951
1952
Collins & Aikman Corp., 5%
1517
30
Orleans-Huron, Inc., 1st mtge. bonds dated 1939
—_Dec
Telephone & Telegraph Co. ref. mtge. 3'A.%
bonds, series C. due 1966
Dec
'
1st mtge. 5%
East, Inc.,
1967 .Nov
leasehold
1955
•Announcement
and Issue—
Allis-Chalmers
Ambassador
mtge.
1st
Wheeling & Lake Erie Ry.—
...
PARTIAL
bonds,
-Jan. 1, '46
Street
improvement mtge. 4%
Philadelphia. & Reading RR.
6%
mtge.
Pacific
Terminal
TENDER
bonds
Central collateral 4%
Jersey
improv.
Co., 1st & ref. mtge. 3'As,
General
Date
Asuncion Port Concession Corp.,
&
2047
1
Texas
and issue—
Hotel St. George Corp.,
due Apx\, 1946_,
ser. of 1929
Dec
$
OF
-
—
Northern
due
common
NOTICES
Co.—
ref. mtge. 3% bonds, series C, due 1968
Jan
1st & ref. mtge. 3'A% bonds, series B, due 1964__Jun
bonds, notes,
stocks called for redemption,
including those called under sinking fund provisions.
The date indicates the redemption or last date for mak¬
ing tenders, and the page number gives the location in
which the details were given in the "Chronicle."
Company
•
1967
1st
Below will be found a list of corporate
|
pfd. stcck
serial debentures, due
bonds due 1955
Collateral gold notes,
D.
and
Y.
N.
New York
Southwestern
Notices
preferred
of
Power
Plan
Southern
14,262
Redemption Galls and Sinking Fund
200
Co.
Light
mtge. ;5%
Collateral
(Cleveland District).
figures revised
17
Power
ref.
&
Morris
5,077,762
47
Debits
*
1
1st
2,491
26
4(50
Dec
Minnesota
848
10
Jan. 1, '46
4bonds
*
One
—304
9,914
+
secured
1
381
92
■
Dec
Northern States Power
—483
+
' 4
.
Dec
RR.:—
Inc.,
595
+
*
29
1st mtge. 3'/4%
2018
5,451
—
1285
1
—
Assurance
+
68
10
1
Fire
+
13
—
*
Nov
mtge. bonds, ser. A_Jan
cons.
24
466
—
1171
1
Feb
1946
40
+
576
Domestic banks
cities
cisco
184
1392
1769
A,
ser.
bonds due I960—
4%
mtge.
2016
_Nov
7
—250
39,929
9.233 '
8,080
deposits-adjusted
Demand
Unified
1
Interbank deposits:
banks
r
+
»
1513
1513
-„Jan
1969
Nashville
&
Merchants
64
4
8
+
2,193
banks
213,221
Gondition Statement of Member Banks
or
+
6
—
3,270
10,413
—
1,640,007
re¬
combined..,
trial loans
ing
400
63
—
+
59,806
203
+
228,153
accounts......
liabilities
Commitments
—
9
Obligations guaranteed by U. S. Government
+
—
+130,209
13b27,165
Total liabilities & cap. accts._
Ratio
43
Louisville
due.
Southwestern Light &
Capital Accounts—
Capital paid in
Surplus
+
—
25,078
U.S. bonds
•■"Oct.
Total
4
—
1,303
9,904
9.164
Borrowings..
Total
391
C,
ser.
Montana
Time deposits
Member
13
+
Liabilities-
Deposits:
r
83
—
922
399
1.062
72
1.507
U. S. Government
Other securities
Cash in vault
Total
+
+
1,203
848
purchasing or carrying:
obligations
Other loans for
Navigation Co.,
Michigan Public Service Co. 4%
1946-1950
1
—
Treasury bills
Total loans
1,172
15
pur¬
obligations
U. S. Government
Bryant,
Mercantile Properties,
Loans to banks
Total U. S. Govt, securities
6,919
+
—
chasing or carrying:
,U. S. Govt, securities:
Certificates
+
42
—
6,266
—
Loans
79,725
+
—
68
+
61,007
12,279
Telephone Co., 1st mtge. 4'As,
1--Inc.,1 1% preferred stock
1966
bonds,
industrial, and agricultural
loans
Other securities
'
Notes
Investments—total
Loans—total
674,539
—
439.056
_
and
2015
1
..
Lincoln Telephone <te Telegraph Co.,
$
$
Assets—
Commercial,
m
—
ctf.
gold
24
R^.—
gen.
Lehigh Coal &
1944
1945
1945
892,500
—
due
Lane
Oct. 25
Oct. 17
Oct. 24
1,
Loans and
1
/-•
Total
Corp. 5% conv. debs., due 1953_Nov
Ry. gen. mtge. 3y»s, ser. I, due 1967—Jan
mtge. gold bonds, series, E, due 1977—July 1, '47
3%% gen, mtge. bond bonds, series I, due 1967—Jan. 1,'46
Haris-Seybold-Folter Co., 5%
debentures due 1951
Dec 5 <
Haytian Corp. of America 5% income debentures
Dec
1 '
Houdaiile-Hershey .Corp. class A stoek
Nov 20
Howes Bros. Co. Ht pfd. stocks, ser. A and ser. B—Dec
1
Decrease (—) Since
Since
(—)
24,
10,000
—
or
R.
fund for F.
•*<;
( + )
1945
1945
17,118,565
notes
'
■
1639
Northern
4'/2 %
*
30
Public Service
Northern
Illinois Consol.
Increase (+) or
Increase
Redemption
(In millions of dollars)
*
»
Nov
i
Great
member banks follows:
•
&
Great
Statement of Condition of Hie 12 Federal
2013
7
&
General
000,000 in the Boston District, and $73,000,000 at all
reporting member banks.
A summary of the assets and liabilities of* reporting
1
1, '46
1970
Dec
1
ref. mtge. bonds, 3lU%
series due 1962
Dec
1
Raynolds Co., Inc., 5% preferred stock
Nov 30
Electric Power & bight Corp., 9% debs, due 2030———Nov 30
Empire Gas & Fuel Co. 6%, 6'/a%, 7% and 8% pfd. ■
First
658300*
.658300*
stocks
.
f
»•
^
3'/4% series, due 1966
Dec 24
Consolidated Grocers Corp. 6% preferred stock—d___Nov
7
•Nominal rate.
Assets—
Nov
mortgage bonds,
1st
.909090
.562900*
Gold certificates
1949
borjds, 3 J/a % series, due 19371-—,.—Oec
1st mortgage
.205780
.658300*
Oct.
1164
Slectric Co.—
.909090
1
Oct. 31,
6
America, 3>A% debentures, due 1962—Nov 14
Devoe
of
K*
Celanese Corp. of
due
bonds,
.205780
3.226666
4.005000
thousands
\?s»
1
Crown
' (In
.
15
6%
ltge.
.205780
Uruguay, peso—
T
Nov
a#,
£y. 4»A% collat. tr. bonds due I960—Jan
1st
Corp.,
.909090
.905000
f
*
l
Nov 24
Any time
mtge. 5s due 1951
1st mige. 4s, ser. B
.205780
pound
bonds, 1966—Dec
1st
.909090
ZeaFand, poundJ
347
Cincinnati Gas
4.033281
4.033750
4.033593
—
—
India
Co.
& Power
Water Service Co.
California
——
1762
1883
pfd. stockl—Jan. 1, *46
5%
.051802*
"
7
bonds—Dee
d-.'.'ty
,.060602*
Official
I
Page
..•••
stock——_Dec 15
trust 6%
cumul. conv. pfd.
Topeka & Santa Fe Ky.—
4% convertible bonds due 1955
Convertible bonds due 1960
Atchison,
.251247*
.251247*
.251247*
.251247*
3.214113
4%
Cork Co.,
Armstrong
.297733*
.297733*
,297733*
Utilities (Service Corp.
American
$
Bangor Hydro-Electric Co. 1st mtge, 334%
Bullock's, Inc., 5%lpreierred stock—
Canada, dollars-
Non con trolled
,
Date
Colortype Co., 5% preferred stock—
—Dec 31
2009
American
Telephone
& Telegraph Co. 30-year 3y»% '
debentures due/ l966^__-__2_^^-^w'2UW*-Civ_^^_(^^:i^_'Dec:1634
.051802*
Free___„_
New
*
'
ENTIRE ISSUES CALLED
.060602*
Official
Union of South Africa,
1
American
$
3.213780
.022864
—
sterling
~
mtge. bonds, series A, due 1974.
Dec
,
Oct. 30
297733*
,25124'!*
.251247*
3.213780
——~~~-
___.
Page
1
Edison
;
York
$
S
.297733*
Official
Colombia, peso
England, pound
France,. franc
•
,
Free
.
Dec
Co., 3'/a% debentures due I960-—.
Dee
Victor Equipment Co., convertible preferred stock—
Nov
Western Newspaper Union 6% conv. debs., due 1959—.Dec
Orleans 3%%
Toledo
UNDER TARIFF ACT OF 1930
Oct. 29
*
Argentina, peso—
f
Date
,
^
,Q,n
Buying Rate for Cable Transfers in New
Value in United States Money
Oct. 27
Oct. 26
Australia, pound
Belgium, frand—
Brazil, cruzeiro—
\ 1
Sunray Oil Corp. 3% % debentures, due 1959
„
Texas Pacific-Missouri Pacific Terminal RR. of New
——
non-cum.
■
pfd. (irreg.)
-i.--
.
12-
60c
$3
12-15
1
1- 2
11-16
11-14
11-14
11-19
10.iq
20c * 11-10 /
_.
12- 5
10-36
■■
VM:e:
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4435
Volume 162
(quar.)———American Superpower Corp.—
$6 1st preferred (accum.)
—
American Tobacco Co., common (quar.)
,
k
12-31
12- l
12-10
11-24
12- 1
11-20
Cork Co., common—-*—
preferred (initial)Associated Dry Goods Corp., common
Armstrong
$3.75
6%
preferred (quar.))
1st
2nd
V7%
preferred
Tack
Atlas
(quar.)
Corp
Automatic Products Corp.
Show,
Radio
Baltimore
(quar.)_:
—
!
Foods, Inc
B/G
—_
(quar.)
Corp.', 6$; preferred
Atlas
common
.6%
preferred (quar.)
—
Bangor & Aroostook RR., 5 % preferred— •
This payment clears all arrears
/5%
preferred (quar.)
Bankers & Shippers Insurance (quar.)—(W.
Co.
H.)
Ellis Co.
Barber
Canada
of
(quar.)—L-.
preferred
Howell Co., common
(quar.)
Berkshire Fine Spinning Associates, Inc.—
preferred
4*/*%
Common
Ha j oca
1
6
11-30
11-15
Howard
10-31
11-9
10-29
10-29
1- 2
37!/2c
$1.25
15c
20c
—
Extra
-
Mills
$1
;
(quar.)
35c
50c
5c
Casket (quar.)
Erockway Motor Co
Buckeye Incubator (quar.)
Buckeye Pipe Line Co
Budd Manufacturing $5 prior pfd.
Burial
Boyertown
20c
Hill
4VzVc
7%
Northern
Canadian
$1.50
5%
12- 1
11-21
5%
11-27
10-30
12-15
12- 1
11-16
12- 1
11-24
Aircraft
Lac
5
Lamston
$37y2c
75c
11-30
(quar.)—
12y2c
11-30
$1.75
$1.50
$1.50
62'/2c
Chesapeake
Chilton
Ohio
&
Lionel
Lone
11-30
12-10
11-15
11-26
4%
(special)
Co.
12-10
guaranteed
7%
.
11-
11-24
11-10
1- 2
11-15
12-15
12-
7
11-
5
12- 1
12- 1
11-10
(quar.)
Cljnehfield Coal Corp. (year-end)
Colorado Milling & Elevator Co.—
11-22
8
12-
5
11-10
11-23
11-10
12- 1
12- 1
12-21
11-15
11-
8
12-22
75c
$3 preferred (quar.)—
Commonwealth Telephone 5%
Coniaurum
50c
87 '/2c
50c
12-
1
11-15
$1.25
$4c
15c
79c
Ltd
Biscuit
Co.
(quar.)
preferred--
$4.75
Corp.,
Cigar
12-15
11-
25%
(quar.)_
11-30
40c
Mines,
Consolidated
Consolidated
pfd.
Continental
Bank
&
Trust
(Stock dividend)
(N.
Co.
6%
11-1
10-15
preferred
(quar.)
Crown Zellerbach Corp.—
(initial quar.)
$4 convertible 2nd preferred (initial quar.)
$4.20 preferred
o
Crow's
Curtis
Deere
Nest
Pass Coal
12- 1
12- 1
11-13
(quar.)
Delaware & Hudson Co. (quar.)
Delaware Rayon,
class A_Deposited Insurance Shares, series A—
"Stock dividend
—
StSetroit Gasket & Mfg. 6% preferred (quar.)
Detroit Michigan Stove 5% preferred (quar.)
5% preferred (quar.)
5%
4L*i;"'5%preferred (quar.)
Inc.—
preferred (quar..)—
Distillers
Corp,-Seagrams
(quar.)__„
Dodge Manufacturing Corp. (quar.)
Devoe
4
5
& Raynolds
6%
preferred (quar.)
Durham'Hosiery Mills 6%
& B.
Brewing Co.
Eastern Air
Eastern
Eaton
Eddy
&
Corp.
Auto-Lite
Walker
Fall River Gas
11-10
9-
9
112-
5
5-
6
8-
6
11-
(quar.).
Ihc. (resumed)
5
12-15
12- 1
11-24
I.1-?7
12-20
11-23
11-26
11- 1
11-10*
1
$2
,
11-
12-
;
5
10-26
Seaboard
11-
1
\5C
11-
1
10-26
1
.
11-15
12-15
2
12-15
Trust
$1.50
I-
$1.50
$1.75
1-
2
2
12-15
4c
1
4%
10-29
12-15
Sherwins-Williams
11-15
11-
12-
1
11-19
12-
1
11-19
12-
1
11-19
Sonotone
12-
Southern
50c
$2c
1
11-19
12-15
11-15
12-10
11-23
12-15
6%
11-15
6%
11-27
Southern
11-19
2
12-19
II-15
10-25
1
11-19
12-
1
11-19
$1.50
$1
$1
12-
Squibb
20c$1
50c
$1.12 *2
"
20^
12- 1
11-15
12-
4
12-
1
11-15
II-16
11-
3
6
Extra
Standard Oil Co. <N. J.)
Extra
;j
10-31
10-31
Swift
1
11-16
12-
11-15
11-
International Co., Ltd-—
Dep. rtcs; (quar.)-^—-—r—
Symlngton-Oould Corp.
Talon, Inc., 4% preferred (s-a)
Texas pacific Land Trust—
Ctfs. of prop, interest
8
12-
12-15
11-10
11-30
12-15
11-30
1
25c
12-1
11-20
12- 1
11-20
12-15
1H1
12- 5
10-22
11-10
10-26
12-10
11-20
$1
16c
11-
Sub
series
11-26
11-
11-26
1111-
5
11-26
11-
5
9c
11-26
11-
5
11-26
11-
5
5
ZZJl
30c
11-26
11-
47c
11-26
11* 5
9c
11-26
11-
12c
11-26
11- 5
11-26
11-5
13c
,
I
11- 5
11-26
11-
5
11c
11-26
11-
5
29c
series
11- 5
11-26
24c
Industry
11-5
11-26
14c
j.
11-26
62c
Industry series
11-26
20c
—*
Stock
series
L
Machinery Industry series
.....
IIIIIII."
11-26
11-5
11-5
28c
series
11-26
11-
5
7c
11-26
11-
5
'
Petroleum
3c
11-26
11-
5
11-26
11-
5
Washington Railway
2IC
11-26
11-
5
Participating units
12- 1
11-23
11-12
1
11-15
12-
12-17
10-10
10-30
10-23
10-30
10-23
12-21
11-23
12-15
11-20
j
'
2-15-46
1-18
,
1-15-46
12-20
,
3-1-46
2-15
;
7
12-20
;
12-12
11-28
1-
I-15 !
2-1
'!
-
1
11-15
t
12-15
12-20
11-15
12-10
11- 9
12-10
11- 9
121-:
11-15
12-12
12-12
11-15
11-28
11-10
12-
40c
1
11-15
11-30
11-15
12-15
"c
^oc
11-23
1
11-15
12-
11-30
11-15*
11-
1
^c
———
^
12-
®
™
& Electric Co
—
11-15
5
12-
53 0
5
11-15
12-31
12-15
12-31
zoc
(initial)
Corp
13c
12-1*
12-14
11-15
preferred A (initial quar.)—
Associated Oil Co. (quar.)—-—
Oil Tank & Pump—
Trans-Lux Corp.
—Troy St Greenbush RR. Assn. (s-a)
United Aircraft Corp.—
5% convertible preferred (quar.)
United Electric Coal Cos
United Molasses Co., Ltd. ADR (interim)—
U. S. Leather Co., 4% non cum. class A—
U
S. Playing Card Co.
(quar.)—
U. S. Printing & Lithograph Co., common—
5%
preferred
(quar.)-——-U. S. Steel Corp., common—
7% preferred (quar.)—
——
United Stockyards Corp. (year-end)
Universal Consolidated Oil Co. (irreg.)--—
Universal Laboratories. Inc,—
<
$2.50 preferred
(quar.),
—
Upper Canada Mines—
Vanadium-Alloys Steel Co. —
—
Virginia Coal & Iron Co. (quar.)—
—
Voet
Manufacturing Corp.—
Walgreen Company (quar.)—
—
Warren
11-15
1
12-14
—
•
5
'
10-31'?
12-
222
41/2 %
5
11-26
9c
.
Equip/ Industry series..
Equip.
common
1
10-30
11-15
—
Drug Stores,
11-
1
12-21
12-15
12-
-
zoc
11-
1
11- 2
5
12-14
1-
12-15
51.<0
II-30
1
11-15
12-
si.zo
„,fS
12-10
11-24
»uc
11-
11-15
1
11-15
2
12-15
1-
I-
12-10
11-
9
11-20
$i-«
zj?c
75c
11-
2
5
11-15
11-21
11- 5
12-11
12- 3
12-
c01.
itvt
12- 7
nil '12-1
11-15
12-
^13
il /2C
11-
12-12
11- 3
11-15
1
12-12
9
11-16
■
•
-
,
12-15
12-1
50c
62/2c
•;
1
12-15
12-15
7'/2%
^
*uc
20c
9
11-15
Tokheim
5
10c
I
...IIII..I!
—
shares
Thrifty
11- 9
29c
Insurance
Extra
1,
26c
Industry
Extra
12-
26c
—
Industry series
12-
25c
—
Tide Water
$1.27»/a
Extra
•
1
3714 c
$1
series...
10-31 '
"C
w;*.
11-15
60C
—
1-18*
11-10
50c
(s-a)——
11-15
53 '/eC
Extra
Food
—
10-31
25c
Industry
1-18*
2-1-48
4UC
50c
50c
25c
—
11-15
15c
...
2-1-46
.
15c
...
(quar,).—
(quar.)
5
5
"
Sterling Brewers' Inc.II
Sterling Drug, Inc. (quar.)-.—
Studebaker Corp, ——————
Sun Oil Co. (quar.)
—
—
11-
j
1111-
—r——.—
-
'
;
11-30*
2?
& Sons (quar.)
(quar.) .1—
11-30
11-15
;
convertible preferred (quar.)
Standard-Coosa-Thatcher (quar.)
Standard Oil of California (quar.)
Standard Oil Co.
(Indiana)
(quar.)
11-20
50c
$0.296875
Extra
11-15
R.)
10-231
11-30
11-15
5c
$1.60
50c
;..i„—
Electrical
(E.
.$4 preferred
Standard Cap St Seal Corp.--
L
12-13
Edison—
Greyhound Lines
12-12 ;
11-10
J
Extra
1-
11-15
2
10-30
$1
40c
1
1
11-24
1
12-15
$1
(increased)——
1212-
1
12-15
$$1.75
25c
50c
B (quar.)Canada Power, common
(
II-24J
11-26
$30c
————
—
California
,
,
——
$20c
6214 c
Industry series
;
(quar.)—-
(quar.)—
participating preferred (quar.)——
20c
series
—
Extra
Extra
common
Ltd., common
preferred
34 %c
z,
Chemical
Co.,
(quar.)——
Sons,
Corp.
Southern
Inc.—
„„'u
Business
&
12-15
1-
$3c
75c
preferred (quar.)
Sivyer Steel Castings—
—
—
Sixth & B'way Bldg. partic. ctfs. (irreg.)—
Skelly Oil Co.—
Smith Agricultural Chemical, com.
(irreg.)
6%
preferred
(quar.)—
$1.50
$$1
Building Supply Industry series..—..
10-29
(H.)
?
11-10
12-
*i?c
7%
11-15
12-15
preferred
Simon
—
—
j
12-18
12-
37y2c
(interim)
Mines
,
1
11-
12-1
■'
:>
(quar.)
Sherritt-Gordon
12-15
I-
$2.50
1
45c
$1
Finance—
11-30
11-15
12-28
11-25
12-31
$1.12y2
(quar.).——
'
.
11-30 |
1-15
20c
50c
(quar.)
preferred
$1.50
10-26
I
1- 2
11-
12-
25c
preferred
$4.50
$1.3714
—
,
pref. series A (initial quar.)
Second Canadian International Investment
75c
$4
'
•
10-25
Warehouse
Industry
Dist.
Bank Stock
Company,
10-26
(quar.)
.1.
Aviation
11-10
Paper
(quar.)—
common (quar.)—..
3c
Light Co.
Stocks,
Extra
7
participating preferred
9
12-10
,
—
■
11-
1
12-15
"
6
series
Storage
&
(quar.)
10-20
1-
' ,8714c
——:—
6
50c
....
—
Gas
Automobile
11-15
Common
.
$1.27 V2
preferred (quar.)
Extra
—.'
11-
Zinc Co. (irreg.)
York
(quar.)——.
12-20
1
,12- 1
$1.50
$1.25
23c
$1.12y2
25c
$1.50
25c
Shops
(quar.)_,^_,
Manufacturing Coi (quar.)——
Company
11-
$1.50
1-15
'
12-20
11-
$15.00
,
U-15 V
1-15
$13.50.
—i.
75c
$1.75
'
11-15,
12-
$$1.50
$75c
$1
25c
>
$1.50
—
11-15
12-
Schumacher Wall Board Corp.—
Scott
Extra
-
—
convertible .preferred
3
12- 3
2
11-15
1
...
Electric Corp.—
&
Extra
-•
York State Electric & Gas Corp.—
Alcohol
.1.1-20
4>/2%
1-
Gas
Sagamore
12-
12-15
1
12-
,
Saco-Lowell
Schiff
12-
25c
97'/2c
12-
,
(quar.).
series E (quar.).
11-24
12-24
2
12-14
$1.25
Corp.,
Inc.
; Extra
10-26
17- X
General Bottlers,
:
11-16
$1.50
preferred D
10-25
15c
....
Britain
5.10%
Fftzsimmons & Connell Dredge & Dock Co.—
-
1-
$1
714 c
—
Bedford
New
11-10
;''V--:-''Quarterly:' 4—25c
.
(increased quar.)
1
:
,
11-16
$1.3714
9c
Agricultural
11-17
Fruehauf Trailer Co., com.
8
3
11-5
11-: 8
preferred (quar.)
8
11-
(quar,).^
Register
Group
Bros.,
Extra
10-30
4%
12-
5
11-30
$1.25
5% preferred
Ruppert (Jacob); common
4%
preferred (quar.)
3
11-24
12-
Tea
New
—
(initial).
11-
$1.75
—
(quar.)
series
New
11-6
11- 7
common
11-10
11-
1
11-15
1-2
11- 1
11-24
:
Florida Power Corp.,
11-25
8
•11-
11-14
12-22
preferred (quar.)
convertible
6%
1
Neisner
Water
Rochester
5
11-15
(quar.)
(irreg.)
25c
*
Co., common
414% preferred (quar.)
Natomas
Company (irreg.)
10-30
Corp.
11-17
10-
Selected
11- 3
Petroleum
11-15
11-30
Stock'series
11- 6
11-5
"56"
11-26
12-
National
11-24
25c
45c
Co
25c
$25c
12-20
Preferred
6
11-15
&
10-15
$1.25
43A% pfd
National Research & Securities Corp.—
11-15
25c
(J. J.)
1
25c
11-15
.*U" Stock dividend
Felin
11-14
11-16
$1.25
;
10-24 1
11-1
Reglna Corp.
——-1
15c
Reliance. Electric, Si Engineering—25c
Republic Insurance (Texas) (quar,)—.—.
30c
Reynolds Spring. Co
—,25c
9
11-30
12-10
11-
11-10
12-15
12-22
6% 1st preferred—
—-————The above payments clear all arrears.
20c
$1.50
11-10:
12-15
>
,
11-15 )
11- 2 •
25c
114 %
;20o
•
25c
25c
National Container
5
75c
Y.)
11-
1
>11-10
*
11-10
10-30 ;
•
37!4c
Railway Equipment & Realty—
6% 1st'preferred —————
9
Cash
25c
75c
$1.50
2c
(quar.)
(N.
11-
National
11-
New
Co
A
11-20
11-20
New Jersey
50c
Co.
10-31
12-
11-10
12-14
$1.25
50c
10c
$$1
$$1.75
$3
——
partic. preferred (quar.)—
Co. (quar.)—.—--.
non-cum.
5%
50C
3
$25c
75c
$3
class
1
11-30
25C
I$1
,
9;
11- 9
;
11-15
25c
Pure Oil Co.,. common———^.——-
National
11-
(year-end)
$1.50
11-
Co.
11-19
»11-15
11-16
15c
.
5
't'*
25c
,
Princeton
11-
11-17
Dry Goods (quar.)
Works (quar.)
Eleetric
$3
6%
;
1
Mills "(quar.)
Acme Co.
(quar.)
10-31
1
Federation Bank & Trust
11-19
Nashawena
11-28
25%
$1
3c
Federal
11-19
1
•
12-1
12-15
(quar.)
(s-a)
Products
Manufacturing Co.
Paper
Electric
Ely
Lines
Steel
pfd. A (quar.)—_
(irreg.)
1
12-
$2 classs A (quar.)
5c
common
10-30
12-
5c
(Robert)
.11-30
12-15
11-15
11-15
—
Corp.,
11-10
10c
(quar.).,
11-
—
__
preferred
$50c
120c
___
—
11-
50c
preferred
$1.25
155¥>,c
25c
'
25c
Co.
Extra
"E.
11-10
•
5% preferred (accum.)
Dominion Stores, Ltd, (increased)——
Drackett
7
11- 1
11-15
11-15
(quar.)
I2V2C
:^.T_——-——:
Dominion-Scottish Investments—
Dravo
12-
Co.,
Extra
3
11-13
8
50c 8-15-46
—
I
6
11-
30c
12- 1
50c
11-15
50c 2-15-46
50c 5-15-46
preferred" (quar.)_
11-
1- 2
12- 1
12- 1
12-20
11-19
2V2%
._
11-15
12- 3
35c
35c
$1
50c
11-24
10c
(quafj
Co., Ltd
Mills, Inc. (quar.)__
Moneta Porcupine Mines
*
Monroe Loan Society 514% pfd, (quar.)
Morgan Engineering, common
Prior preferred (quar.)
;
Morse Twist Drill & Machine (quar.)
Munson Line, Inc., $4 preferred A (quar.)..
$4 preferred B (quar.).—
.1
Murray Corp, of America (year-end)...
Muskegon Motor Specialties—
12-22
& Co.,
12-15
Mohawk Carpet
11-15
1- 2
$$1.50
75c
(s-a»
Publishing Co. $4 prior pfd. (quar.)-_
common (quar.)
6%
Mitchell
12-17
11-15
preferred
7%
12- 1
10-31
12-15
1
11-19
,
5ya.% preferred (quar.)
————
6% preferred (quar.).:
Power Corp. of Canada-—
6% 1st preferred (quar.).*..—...———
11-15
12-
11- 5
Potomac Electric Power Co,—
12-24
$1.12»/2
(quar.)
Life Insurance.—..
Plymouth Oil Co, (quar,).
Stock dividend
Poor St Co., class B——
;
$1.50 class A preferred (quar.)
3
12-24
20c
11-26
National
11-
1
5C
Inc
Gas
11-
75c
(quar.)
Corp.
Star
514%
$1.05 "
$1
com.—
5
11-15
11-
30c
f<
....
10-25
15c
Gas Light Co.—
.5%
preferred (quar.)
$5.10 1st preferred (quar.)
9
4334c
25c
50c
$1,50
—
12-
Minneapolis
Y.) —
—
Continental Commercial Corp.—
7%
preferred (quar.)_I
Copper Range Co
Crompton, & Knowles Loom Works,
,
12-15
$1.25
11- 5'
11-26
4
2y2c
Participating
Consolidated Edison Co. of New York, Inc.—
Quarterly
5
37'/2C
Memphis Natural Gas (irreg.)
Messenger
Corp,
Metropolitan Edison 3.9% pfd. (quar.)
Metropolitan Industries Co.—
6%
preferred (accum.)
6% preferred allotment ctfs. (accum.)
Metropolitan Storage Warehouse (quar.)
Michigan Bakeries $1 prior pref, (quar.)..
7%
preferred (quar.).
Michigan Public Service, common (quar.)
$6 junior preferred (quar.)
*
6% preferred series 1940 (quar.)
6%
preferred (quar.)
7%
preferred (quar.)..
Midland Mutual Life Insurance (quar.)
Midwest Oil Co.; 8%
preferred (s-a)
11-15
10c
(quar.)
11-
$5 preferred (quar.)..
:
—...
Mallory Hat Co., 7% preferred (quar.)
Massachusetts Plate Glass Insur. (irreg.)
12-10
—
(quar.)
3
11-15
^
Common
12-10
12-10
Cleveland & Pittsburgh RR. Co.—
r
3
12-
2c
(year-end)
Lyon Metal Products 6% partic. pfd. (quar.)
Mackintosh-Hemphill Co. (quar.)
Maclaren Power & Paper Co.
(quar.)
Macmillan Company, common (quar.)
$5 non-cumulative preferred (quar.)
Magazine Repeating Razor Co>—
11-15
11-15
75c
20c
Machine
Cleveland Hobbing
12-20
11-30
12- 5
25%
3
12-
2
H.) Inc., common
(M.
Common
12-20
11-30
15c
Co
Ry.
1
1
1
1
12-
2
—
preferred (s-a)
II
Machine Co. (initial) —
Le Tourneau (R. G.) $4.50 preferred (quar.)
25e
25c
(quar.)
Company
1111-
7
(quar.)
Extra
1- 2
12-15
12-15
1- 2
(Me.)
5
11-26
.
11-26
11-27
1-
6%
$75c
1-25
5
12-15
12-12
1-
Lanston Monotype
5
11-16
11-
1-
common
11-
5
<12-20
Western Oil Corp..
r 11-14
,11- 8 *
Panhandle Producing & Refining
'
11-30 '
12-15!
Paton Manufacturing Co., Ltd., com. (quar.)_
11-30
12-15
7%
preferred (quar.)
11-17 '
12- 1
Peabody Coal Co., 6% preferred (accum.)—
12-20-;
1-15
Peoples Gas Llght & Cokej: (quar,)—.—i—^
$1
11-20'i
12-10'Peter Paul, Inc. (quar,).
..J.........1
' 50c
11-20
12- 1
Pfaudler Co., 6% preferred (quar.)
—
$1.50
11-19
12Piper Aircraft 60c. convertible pfd. (quar!)—
15c
11-16
12-1
Pittsburgh Steel Co., 5'/2% pfd. (accum.)—
$1.375/2
9/
1
8
50c
.
Chemicals,
5
11-
1-15
Y.)
11-
12-
12-
$1.25
...
Kysor Heater Co. (quar.)
11-
12- 1
(irreg.)
Co.
12-20
.......
Pacific
11-10
$1.25
(quar.)
11-26
-
1214c
50c
(quar.)
Pacific Fire Insurance i(quar.)
11-13
15c
com.
...
preferred
50c
—
Charis
Corporation
(quar.)
Chemical Bank & Trust Co. (N.
Stock dividend
1
11-22
12-
5
Ohio State;Life Insurance
11-15
>
11-
Qil Company—....
Extra
i
2c
Manufacturing,
12- 1
Products
Steel
Ohio
Central
1
10c
(extra)
City Stock Yards
Extra
11-15
1- 2
.
12-
$1
(quar.)
Kearney & Trecker Corp
Keystone Custodian Funds "S2" (s-a).._
Knudsen Creamery Co., common (quar.)
12-
preferred (quar.)—
5%
preferred (quar.)
11-15
;
25c
5%. preferred
1
(quar.)
11-13
30c
preferred A (quar.)
preferred B (quar.).-
Kansas
11-16
5
(quar,)
12-31
Common
10-26
$10c
common
Ohio
(quar.)___
Laughlin Steel Corp.,
&
Justrite
11-16
12-
$6
Cessna
Jones
10-20
12-
(quar.)
Power Co.,
preferred
preferred
6%
Co.
Tractor
Maine
Central
7%
11-12
1- 2
(accum.)_
class A
Caterpillar
Northwestern
I
(quar.).
12-10
11- 1
Ltd.—
Canadian Wirebound Boxes,
10-31
$4
Corp.
12-10
12-28
(extra
new
8
1
11-26
5:
$1.50
$1.50
50o
—
(quar.)__
10-11
........
Johnson
B
11--9
$1.50
Johnson
$$1
Cos,
Oil
Class
11-
12-
11- 5...
12c
$1.09,
,,
-
(s-a)
Nonquitt Mills ....
Noranda Mines, Ltd.
30c
11-12
11-16
Extra
Canadian
..
11-
11-26
—23c
Participating stock (s-a)
Nineteen Hundred Corp., class A (quar.)—
12-13
1
Royal Copper
&
-
shares
12-
.
—*—
Speculative Shares-......^—-
Extra
Founders
11-10
1
11-
11-26
New York Shipbuildings
11-16
25c <;
preferred (quar.))
Co, (year-end)
Detrola
12-
11-26
22c..
lie
: 25c
.
23c
12-10
....
11-24
12- 1
(quar.)
12- 1
t
5;
-16c
—w,\ -
,
$10c
(quar.).
11-13
12- 1
12-15
Corp.
11-16
$1
(irreg.)
Jefferson Lake Sulphur (initial)
Isle
$$1.75
investment
P'oreign
Canada
International Silver Co.
50c
(quar.)
com.
11-16
1
2
11-
series
/jDiversified Investment Fund
12-14*
1
$2
11-
—
Power,
2 w
12-
1-
5
11-26
Extra
12-
1-
Industry
Diversified
International Match Realization Co., Ltd.—
$62'/2c
$$1.31 V*
$15c
(quar.)—.
;
$1
25c /,
11-
22c
Extra
11- 5
25c
International
12y2c
(initial quar.)
preference
preferred
"
11-13
...
11-
11-26
49c
series
Industry
Equip.
37y2c
11-15
$12J/2
(accum.)—
class B (quar.)
11-23
11-23
$1.25
11-15,
2
Steel
'
11-26
11c
'
Extra
Rxtra;/
'v^Tobacco Industry series
11-23
(increased)
of
liquidating
-
I-
12-15
$1.25
11-30
Vtc
5
5
•>'<■
/;
$1
12- 1
1- 2
5
11-
,
50c
12- 1
Concen¬
Co., 5%
Bread
:
5
11-
4c
...
Extra
9
12-15
11-
11-26
Railroad
8
11-
:V
11-26
11-26
....
'
Products, common
Steel
Inland
11-30
Buildings Co.—
preferred
Canada
&
r.
Bush Terminal
Canada
Mining
Sullivan
&
11-
„
.
5
55c
/
11-15
11-15
convertible
6%
10-24
$1
$1.57
(quar.)
Extra
12-1
20c
Corp.
Tobacco
Indiana Steel
$5.60
preferred —
Bullock's Fund, Ltd.
Bullock's, Inc., 5%
preferred& $1.60
Stores
.
9
$50C ?: ;11-15
preferred
Imperial
Co.—
Buffalo, Niagara & Eastern Power
trating
5%
$1.25
15c
(quar.)—
Budd Wheel Co
Bunker
11-30
11-
34c
•••
:
Extra
12-1
(year-end)
Common
11-
Y.)—
(N.
Hardart Co.
Horn &
12-26
11-26
series
./Railroad:$erie$lie
10-23
11-1
•
50c
Humble Oil & Refining (quar.).
7
11-15
11-5
^viPublic Utility Industry series___.-_.__-___
*22V2C
Heyden Chemical Corp., common (quar.)_»
4% preferred A (quar.)__
4% preferred B (quar.)._
...
.....
.
12- 6
5
11-26
21c
:YrExtra
75c
Co.
Hayes Steel Products, Ltd. (interim)
Hazel-Atlas Glass Co. (quar.)
•
11-
1
11-14
Hawaiian
11-15
11-15
5
11-26
Ml* 1..''' 10-23
62yac
■
5
11-
11-19
convertible preferred (quar.)
Pineapple (irreg.)
4%
11-24
12-
....'.w.;-
5
11-
11-26
Oil Industry
$1.50 :r 12-10
75c
12-1
(irreg.).....
Hamilton Cotton Co., Ltd. (quar.) j....LUi*:,';
Hamilton Watch Co., common (year end) ...
H-15
11-
Dorp.
Brothers
Halle
11-15
(quar.)
Blaw-Knox Company
t;;
9
11-15
11-30
,
$5 convertible preferred
11- 8
12-10
35c
___
12-15
$$1
$$1.75
12J/2c
$1.06yt
Ltd., common (quar.)
Belding Cprticelli,
'•
9
11-
(s-a).i
Co.
Water
40c
j
12- I
50C
—...
(quar.)—
Hotel Barbizon, Inc. (quar.)
1st preferred (accum.)
Beaton & Cadwell Manufacturing
7%
11-
Hackensack
11-
(quar.)—
12-
Ry.rCoTvlpreferred~~r~rr
11-15
12- 1
1-15
12-15
*7%
Boott
Great Northern
11-
11-26
r
Extra
12-15
30C
50c
(year-end)
preferred
Bearings Co. of America—
.
9
11-26
78c
11-20
1
11-
11c
i
Extra
12-1
____s
of Reo,
:.;.,'>Metal'■ series10c
11* 5
30c
12-
Stocks, Inc.—(continued)
Merchandising series
........
5
U~ 5
60C
Share
York
New
5
11-
11-15
50c
i
Co.
1- 2
1- 2
Co.
Manufacturing,
Beacon
&
(H. W.)
$3.50
(quar.)
Extra
Bastian-Blessing
1%
Granlteville
$1.50
I Extra
Bell
Gossard
$1
25c
50c
$12i/2c
(quar.)
11-
11-15
37y2c
Grand Union Co.
$12'/2c
Barber
•/. 11-15
25c
(year end)
Co.
11-14
11-13
$1.25
$1.25
•
35c
•
Holder•
When
Payable
Per
v
Name of Company
9*
37V2c
Goodall-Sanford, Inc.
(quar.)
Gorham Manufacturing Co. (quar.)
10-20
12- 1
11-1
25c
12- 1
933,i»c ; 12-15
35c
12- 1
$1.50
12-1
$1.75
12- 1
75c
12- 1
50c
11-30
10c
11-15
12'/2c
12-10
5c
12- 1
15c
12-1
5%
Power
11-
,
11-10
•
of Reo.
l;,vV
12-
1
'
12- 1
new
(initial)——
~ 20c
partic. preferred (quar.)—
75c
preferred (initial*
$0.972603
$3
Farms
12-10
11-10
75c
'
Archer-Daniels-Midland,
Arden
'
$1
Common B (quar.) __II——
Anheuser-Busch, Inc. (quar.)
.
Arizona
preferred (initial quar.)
General Phoenix Corp., 7% preferred (quar.)
$1.50 preferred (quar.)...M
.'$1 preferred (quar.)
Good Humor Corp. (year end)
Holder1
When
Payable
84%c
General Mills 3%%
11-30
12-15
50c
" r
$11.50
75c
Steer Foundries
American
Per
Share
Name of Company
of Rec.
Payable
Store
Name of Company
Holder*
When
Per
;v"
11-15
11-15*
II-30
11-15
11-30
11-15
7"
1
Holder t
When
'
v"
"
'
,;
o/ Rec.
Payable
Share
Name of Company
^
- **A,
preferred
convertible
$4
—
Co.
Mayonnaise
<quar.)__—____
1
10-20
75c
12-
Manufacturing Co.—
(initial s-ai —
Youngstown Sheet & Tube Co. (quar.)
5%
11-15
10-31
1
11-15
12-15
11-17
12-
$2.50
prior preferred
1
11-15
Worumbo
50c
A
12-1
preceding table.
Chain
v
Companies
and Miscellaneous
Company—
*30c
common (quar.)
5% pref. (s-a)
Agnew-Surpass Shoe Stores,
Algoma Steel Corp.
Allied Mills, Inc
Stores,
Alpha
Ltd.,
Aluminium,
Barge
Extra
Box
American
Business Shares,
Extra
(quar.)
Co.
Can
American
preferred
Colortype 5 %
American
Hoe, common
American General Corp., $2 preferred quar.)
American Pork &
'
preferred (quar.)
$2.50
Investment Co. of Illinois
Metal
American
Corp.,
common
preferred
6%
American
American
Common
preferred
7%
11-16
12-
$1.12%
20c
$3
$2.50
1-1-46
11-15
12-22
12-22
General
30c
25c
12-15
12- 1
by the Superintendent
of the State of N. Y
of
Insurance
Mill
Rolling
American
Co
Safety Razor
American
American
Shipbuilding
American
American
Smelting & Refining,
Stores Co.
(quar.)
American
Stove
American
Thread
Co.
common—
(quar.)—
preferred
5%
Co.
12-20
(s-a>__
11-
11- 2
$1.25 2-1-46
$1.50 1-31-46
30c
12- 1
tl5c
12- 1
15%
11-20
$1
12-24
$3
12-24
25c
11-15
$1
12-15
50c
1- 2
62Vic
12- 1
•
10c
12-3
$1.50
12- 1
(quar.)
convertible prior preferred
6%
preferred (quar.)
Ampco Metal. Inc. 6% preferred (s-a)
Anglo-Canadian Telephone, class A (quar.).
Anglo Iranian Oil
(final)..'
Arcade
6%
Brothers,
common
—
(s-a)——
preferred
'
Argo Oil Corp. (s-a)
.
«_
—
Armstrong Cork Co., 4% conv. pfd. (quar.)
Aro Equipment Corp., common (year end)..
$5 preferred (quar.)..
...
Artloom Corp.
....
A
Atchison Topeka & Santa Fe Ry
Atlanta Birmingham & Coast 5% pfd
•i§s
Atlantic
Coast Line
Atlantic
Coast
Autocar
series
5%
'AA',
.7
Common
7
B
preferred
Corporation
Aviation
Co.
(quar.)
Paper, class A
&
Apartments,
(quar.)..
4%%
(initial)
Best
12-20
11-20
10-26
11-15
12- 1
12-20
7
10-29
11-15
12-
1
11-15
1-
2
12-15
11-15
12-
11-20
Culver &
Extra
1
10-23
1
11-15
l-
2
12-
(quar.)
-
12-15
11-15
11-
1-24
1-14
12-13
Curtis
11-20
20c
11-15
25c
11-15
Bethlehem Steel
7%
Blauner's
7
,
12-
1
11-
$1.75
1-
2
Class
5
I2%c
11-15
11-
75c
(quar.)
common
11-15
Common
Blue
Ridge. Corp., $3 conv. pfd. (quar.)
Payable in cash or l/32nd of a share in
i;
6tock
common
;
5'/2 %
Boston
Woven Hose
*77 Special
Bourjois, Inc,,
Roller
Bower
&
Rubber Co.
$2.75
preferred
Bearing
Buck
Fence
(year end)..:
of
Extra
/
&
America
Wire
Co.
Co.
Die
Machine
Mills,
2-14
25C
11-15
11- 1
11-
8
10-29
El
(quar.)
v
preferred
7
(quar.)
common
(quar.)______.
....
Amer.
dep. rets,
Electric
California Packing Corp.,
preferred
California
Water
6%%
preferred
Foundries
B
Iquar.)_.
6%
pfd. A
1
11-15
11-1
-10-31
711-15
10-31
12-
2%%
11-21
:
Coe
Fairbanks
■
(accum.)
Forgings,
11-15
10-31
Falstaff
711-15
10-31
(quar.)
(irregular)
— —._
Gregg.
Morse
37 %c
11-15
n.15
$$1.25
12-20
7
$5
$$1.50
■
;
Brewing
&
Hormel
10-15
6%
11-
.12-15
12^1
12-17
12-1
25c
12-17
12-
5
12-17
12-
5
12-
11-21
(quar.)
&
Inc.—•
Co.,
preferred
(Geo.
9
2
40c
11-28
11-
2
12-28
12-
1
50c
11-15
10-27
$1.50
11-15
10-27
(quar.)
preferred
35c
class A
1
11-
$1.50
12-
1
11-16
56'Ac
11-15
11-1
25c
"11-25
$1.25
11-5
1
12-
12-30
11-16
Car
Motor
(quar.)
11-24*
12-15*
(quar.)_
Huttig Sash & Door Co.—
5% preferred (quar.)
11-
1
10-31
12-
40c
(quar.)
preferred (accum.)
(quar.)
Imperial Chemical Industries, Ltd.—
Ordinary shares (interim)
Industrial Silica Corp., 6% pfd. (accum. >__
1
$2
25c
Co.
Zinc
10-31*
3%
12-
6
Institutional
11-
6
Aviation
Bond
12-18
10-17
11-
11-20
7%
1
(quar.)—
Iron
10-31
Island
Coal
Creek
11-
1
$6
11-
1
Island
Mountain
Jacobs
11-20
11-20
11-
Co.,
12- 1
11-24
Co.,
12-15
11-30
1-2-46
12-14
12-20
11-17
11-15
10-25
11-10
10-31
12-
11-25
50c
$1.25
1
25C
12-20
12-
6
12-20
12-
6
2-
1-13
1
15C
12-1S
19*
*
40c
—
12-15
12-
1
11-20
11-20
12-15
$5
v
(D.
Emil)
10-15
11-20
11-
$2.50
12-29
12-24
*' ■'
preferred (s-a)
$1.50
11-23
11-
12-20
11-30
5%
......
...
1
25c
*——_
(quar.)
Inc.
Co.,
&
Stock dividend
.
—
(accum.)
preferred
prior
Klein
11-15
87 %C
—__
Keystone Pipe & Supply 5%
Kinney (G. R.) Co., Inc.—
6
12-31
11-10
Lamp Corp.—
shares held
12-31
12-10
11-15
1
Co.—
•/ Kentucky Utilities Co.— "
?
7% junior preferred (quar.))
12-31
12- 1
5*
1
12-
Liquidating stock dividend. One share of
Westinghouse Electric Corp. for each five
■>
11-
11-
11-15
12-
30c
$1.06'A
(quar.)—
& Co
Ken-Rad Tube &
10-31
1-15
2-1-46
11-20
5
20c
(resumed)
common
(quar.)
(Julius)
Kayser
8
11-
11-15
50c
preferred
Common
11-15
2-
1
1
$4c
Corp
Kalamazoo Vegetable Parchment
11-14
12-
12-
$1.50
Ltd
Co.,
Knitting Mills, 5% pfd. (quar.)—
Jewell Tea Co., Inc., common (quar.)
2
12- 1
3-1-46
10-15
$1.75
25c
common
Mines
Gas
L.)
(F.
10-31
12-15
25c
(quar.)_l_
(quar.)
(quar.)
prefererd
10-31
11-30
$1.25
Manufacturing Co.
Fireman
11-30
of Central America—
Intertype
2
1
5
50c
pfd.
preferred (accum.)
Corporation
(quar.)
5%
12-
311-
1
30C
Products Corp..
International Rys.
11-
12-
1
12-
50c
(accum.)
International Harvester,
S
9-21
7
20c
shares
Publishing—
Group
Educational
preferred
$3.50
12-
5
10-31*
12-10
shares
Group
10-25
ii-
1
Ltd.—
Securities,
and
Stock
11-20
12-
3-9-46
$1.50
5
11-
11-20
$1.62%
preferred (accum.)
Ingersoll-Rand Co.
12- 1
'
6
12-20
$1.62%
6%
12- 1
••k.-n
— —
Hummel-Ross Fibre Corp.—
$1.50 preferred (quar.)
Hussmann-Ligonier Co., $2.25 pfd.
Huston (Tom) Peanut Co. (quar.)
1
12-
10c
Hudson
12-
$2.50
10-30
11-15
12-15
11-20
$2,916
11-16
12-31
10-29
1
$1.06'A
(quar.)
common
(quar.)__
Co., common
A.)
1
5
Inc.
Sons,
Special
12-20
11-30
10-31
9
11-15
11-
8c
11-20
20c
12-10
11-24
50C
11-20
10-31
11-15
10-19
30c
12-12
11-20
11- 5
10-27
20c
12-12
11-20
40c
12-
1
11-9
1
11-20
50c
12-
1
11-
$1.25
$64.50
$69.87%
?•; $75.25
12- 1
11-30
11-30
11-30
11-15
$1.50
1-
2
12-14
$1.75
2-
1
1-15
11-30
12- 1
12- 1
75c
12- 1
11- 1
11- 1
11-12
pfd.
preferred
(accum.).
-
Inc.
Co.
■■■
-
50c
50c
$1.25
common
(quar.)
(quar.)..,
50c
25c
...
75c
...
■
r
.y--
12-
Knickerbocker
Kresge
1
12-15
12-15
,
11-10
15c
11-30
11-17
12-15
11-30
12-15
,
11-30
12-20
12-18
$2.50
$2.50
,1-2-46 ■ - A
4-1-46 r*
Co.,
$20c
12- 1
—_
Ltd.
Corp.
$3
12-31
—
10c
(quar.i..
(Va.)—
(S-a).
(quar.)
Ltd.' (quar.)
Liberty Aircraft Products
r Life' Savers
r
—
11- 1
.
1- l£
12-21
12-15
12-15
50c :£ 1- 1 f*
62%c ; , 1- 1
12-15
;
Mines,,
11- 5
11-15
:
;
(quar.)
Lehigh Coal St Navigation*
Leitch .Gold
V*
12- 1
11-10
25c
Shops,
common
preferred
11- 5
11-157;
$1.94
Extra
$2.50
V
-
&
(quar.)
common
9
<
$30c
$$1.75
$22c
25c
(quar.)
Candy
preferred
j6%
Leath
Syracuse
t
Co.,
Title Insurance
Lawyers
-
11-17
11-30
Secord
Laura
11-10
a
.
(quar.)__
& Traders Life Insurance,
(quar.T
Ltd
Machine
Landis
11-15
12- 1
12- 1
Mines,
Luz
Lane Bryant,'Inc.
£ 7% preferred
11-1«
$1,25
(quar.)
La
£ 11-30
1
12- 1
& Co.
—
Baking, common (quar.).
6%
1st preferred (quar.)—...
7% 2nd preferred (quar.)—
Lake of the Woods Milling Co., Ltd.—
Common
(quar.)
—L—
—
; 7%
preferred (quar.)
11-15
25c
•
(increased)
,
37%c
' ,';•••
H.)
(S.
Co.
(quar.)
Kroger Grocery &
11-30
12-
(S. SJ
Fund
.
30c
7;
(quar.)
■
1
Kress
$1
(quar.)^.^^_,^^_._^_i.rA;
Quarterly
~
(N. Y.)
&
12-
(quar.)
Houdaille & Hershey Corp., $2.50
Howes Brothers 7% preferred A
6% 1st preferred B
12-15
11-
11-15
30c
Electrochemical,
$4.25
10-15
1-15
12-
(quar.)
Co.
dividend
Hooker
11-20
12-11
12-15
5%
E.)
(A.)
(Henry)
$1 class A
11-15
30c
25C
(Charles
4'A%
interest
Corp.
■■
preferred
1-25
Holt
Fansteel Metallurgical Corp.—
11-23
12-21
15c
11-15
$44c
$20c
$5
preferred
Extra
Farmers
;-*-_,.-_;' ;Jt37%c
6%
Fanny Farmer Candy Shops
Ltd.—-
11-20
15c
Hollander
37%c
—
•TCvtrq.
11-30
11-20
(quar.)___
.Extra
37%c
62y2C
r.
*
beneficial
&
11-16
15c
11-15
$$1.25
$30c
;
preferred
Faber
11-15*
1
of
1
$86
Co.,
Equity Corp., $3 conv.
Erie Railroad Co.,
Ctfs.
11-26
12-
12- 1
preferred
'
Ltd.—
&
£8%
10-18
12-
15c
37y2C
.—
Canada
1
12-10
32c
Jantzen
-
5%
Co.
preferred
\
Service Co.
preferred B
11-
7%
5%
iquar./
common
12-1
isc
25c-
(quar.)
Canada Cement Co.,
Class A
Corp.
2
25c
for 5%%" ureference
Power
11-
$142%
_____
California
11-15
$1.25
2
25.C
Electric
Empire Gas & Fuel
6%% preferred
11- 1
1
10-25
20c
Empire District
5
11-15
Hires
25c
11-15
12-
$1
12-26
11-20
12-24
(increased quar.).
12-
11-15
10-25
1- 2
12- 1
12-24
Empire & Bay State Telephone—
4%
guaranteed (quar.)
712-
11-
11-15
5
15c
11-16
$1
11-15
75c
75c
$1.75
(quar.)
11-16
25c
10-19
$1.50
Jacksonville
(quar.)
11-26
ioc
7
Machine Co.__._.li
Adding
11-15
11-
12- 1
12- 1
(annual)
11-26
1
1
11-15
Hilo Electric Light, common
$37'/2C
$17%c
/.>,
25c
(quar.)
12-
50c
1st
5
12-15
11-23
11-20
Works
Oil
$1.06'A
Util. 6%
&
12- 1
11-15
12-15
11-15
12-15
11-15
Corporation
Dorado
11-15
<quar.)_
C01, $4.25 preferred
(M. A.)
Illinois
Dwight "Manufacturing
Eagle-Picher Co.
Eastern
11-15
11-15
Illinois Power, 5%
Extra
11- 1
12-15
1
Ltd.—
common
Inc.
2
12-
11-
50c
Bradstreet,
&
7
1-
11-15
25c
Idaho Power Co., common
(quar.)
Inc.
11-
11-15
12-24
75c
preferred
Co.,
!
11-30
11-16
1
$1.37%
35c
37%c
2c
(quar.)
common
Brothers,
Class
Dun
11-24
12-10
11-15
20c
•
Byron Jackson'Co. (quar.)...i_~
Extra
Cable & Wireless (Holding) Ltd.—
.
3-30
2-28-46
Malting
11-
1
12-
10-30
12V2c
25%
$1.12Vz
40c
(quar.i
Douglas Aircraft Co.,
Dow Drug Co
10-12
$1
^
preferred
4%%
6%
1
12 %c
....
Extra
5%
12-
Dominion
11-15
$1.12%
(quar.i
(quar.)
11-16
$$2,50
10c
&
Burroughs
Butler
12-21
12- 7
62y2c
A
(quar.)___;
—
Burlington
4%
12-21
1* 2
f$i
(quar.)
Class
1- 2
11-16
12-
1-
50c
B
International
(quar.)
•.
12-12
12-10
11-24
11-16
(special)
(quar.)
non-cumulative
5%
2
12-10
1
1-2-46
$2
30c
:
Dominion Dairies, Ltd.—.
11-' 1*
12-20
$1.50 3-30-46
______
Extra
:
11-15
10-24
1
International
participating preferred (s-a)
Dominion & Anglo Investment Corp.,
Quarterly
Dominion Bridge Co., Ltd. (quar.)
10-31
11-15
$15c
(quar.)
11-30
6%
11-15
2-13
1
10-31
12-
12-
50c
Diamond Match Co.
11-15
$1
Co.
Buell
2
$1
.—7
Buda
l-
$1.50
:
Falls
11-20
11-26
68%c7
(quar.)_____
.i
Hills
11-15
16c
class A
Class
Brewing Corp.
11-16
11-3
$1,50
Brazilian Traction Light & Power.....
Brown
1
50c
(quar.)
-
(
1
12-
$1.75
...
Brandon Corp.,
-Extra
12-
20c
3-1-46
5
5
12-10
(quar.)
Co., class A
Oil
12-15
5c
433Ac
$1.25
Derby Gas & Electric Corp
11-10
75c
...
Blumenthal (Sidney) & Co., Inc.
(quar.)..
Bohack (H. C.) 7% 1st preferred (accum.).
Boston Fund, Inc.
(quar.)
,
12-
IOC
preferred
11-30
11-15
(quar.)
preferred
12-17
5
25c
(interim)
20c
B
5% preferred (s-a)
Ltd.
$$1.25
$30c
933Ac
' 50c
(Mo.)
A
10-30
Monthly
Monthly
10-15
12- 1
12- 1
11-15
11-15
1-2-46
11-27
11-15
12- 1
11-30
11-14
11-20
12-19
933Ac
Supply Co, of N. Y., com. (quar.).
7% preferred (quar.)
Denver Union Stockyards (Colo.)—
1
1
10-31
12- 1
11- 7
75c
5c
25c
Dentists
!!«■• 1
(quar.)..
11-30
25c
class
11-
11-15
25c
*
:
12- 1
12- 1
12- 1
$50c
Co
Co.,
11-
11-15
$2.50
preferred
(quar.)
12-31
59%c
(quar.).;
Debentures & Securities Corp. of Canada^—
12-7
(Phila.),
preferred
$3
$1.50
(quar.)...
A.)
Leather
Davis
10-25
Corp., common
preferred
(L.
Darling
1
11-15
11-15
11-15
pfd. (accum. i.
Hercules Powder 6%
preferred (quar.)
Hershey Chocolate Corp., common (qur)
$4 conv. preference (quar.)
Heywood-Wakefield Co., common
5% preferred B (quar.)
Hibbard Spencer Bartlett & Co.
*
(stock dividend)
Inc.,
preferred (quar.)
Manufacturing Co.
4'/2%
12-15
12-15
15c
(quar.)
75c
12c
(s-a)
Cuneo Press,
5
11-21
34%c
Extra
Clinton RR. Co.—
Port
12-12
12-
10-20
11-30
31'Ac
conv.
(quar.)
Packing Co., common
10-17
25C
Class
11-30
preferred
8%
10-31
•
:
convertible preferred
Zellerbach Corp., $5
1
11-15
25c
10-20
12-15
11-
75C
(quar.)
Extra
12-15
11-15
11-15
1
11-15
10-26*
50C
Common
11-15
50c
$20c
30c
50c
(quar.)
pfd
Crura & Forster Insurance Shares—
7%
Crown
12-19*
1- 3
12- 8
12- 1
Hancock
11-15
Havana Elec.
62c
25c
25c
50c
Co., common..
Crown Drug
10%
Company
11-14
12-15
5
11-
34%C
$5
Inc.
Paper 4%
Hanna
—
11-23
11-15
Hammermill
10-20
$1.50
prior preferred (quar.)
Corporate Investors class A (irreg.)
Corrugated Paper Box Co., Ltd.—
5% preferred (quar.).
Cosmos Imperial Mills, Ltd. (quar.)
Crane Co. 33A% preferred (quar.)
Crown Cork & Seal, Inc. com. (increased)
12-
(quar.).
11-19
10-20
$3
11-15
RR.
Co.
Mines,
Stock
(quar.)
Consumers Glass Co., Ltd. (quar.)
Consumers Power, $5 preferred
Container Corp, of America (year-end)
Continental Aviation & Engineering (initial)
Continental Can Co.
(year end)
$3.75 preferred
(quar.)
Cook Paint & Varnish Co., common (quar.)
11-15
Hallnor
11-
11-
11-15
25c
Co
common
Stores,
11-15
(irregular)
class A
Press,
Bros.
11-19
11-15
11-15
$1.75
Special
4
11-10
11-15
25c
Ohio
&
Corp.,
11-15
$$1.50
preferred
$1.25
10-15
11-
Dividend
&
12-10
12-10
$1
Co.
11-28
12- 1
11-15
GOc
55c
56'Ac
Consolidated
$1
....
Hallicrafters
Consolidated Textile Co. (irreg.)—,
Consolidated Vultee Aircraft Corp., com
20c
Aircraft Corp
Stock
11-11
50c
Special
Hemlnway
Belding
Bell
12-31
12- 1
12- 1
12-
75c
-
11-9
$1.18%
(initial) (quar.)
Packing Co. (quar.)
Hale
Extra
Cudahy
preferred
Beech-Nut
11-15
10-23
11-25
Monthly
10-16
11- 9
12- 1
1
Oil
5c
Laundries Corp
Paper Co. (quar.)
Consolidated Natural Gas (s-a)
1-21
11-
$58.50
1st
Mobile
Gulf
2
62'/2C
4c
(quar.)
Consolidated
Inc.—
preferred (accum.)
(A. 8.) Shoe, common
$6
Beck
Gulf
11-15
11-
11-10
90c
(quar.)
Products
11-25
50c
Co., common.
preferred (quar.)
preferred
Store
11-13
$1.25
Western Brewery
12-24
Consolidated
1-11
12-13
11-30
10c
20c
J25c
Griesedieck
$1.50
683Ac
15c
(quar.)
A,
7c
_____
Mtge. Guaranty of Amer..
9
$1.25
7c
Power
Beaux-Arts
,
(quar.
7-
Oil
Bathurst
11-30
25c
10c
(quar.).
%—
Common
Bankers Bond &
Barnsdall
10-19
$5c
(accum.)
series A preferred
5%
Co.,
1-2-46
12-13
8
$2
25c
r
Austin Nichols & Co. $5 class A
♦
$1
--
„*
(interim)
Mines
Gold
Aunor
Co.
RR.
Line
$2.50
$2
(Conn.)
Co.
11-
$1.25
(quar.)
(quar.)
Connecticut Power Co. (quar.)
Connecticut River Power Co.—
6% preferred (quar.)
Consolidated Grocers 6% preferred
$2.20
11-15
12-
Great
25c
preferred
preferred
$2.40
10-23
American Zinc Lead & Smelting Co.—
$5
5
11-15
1- 2
11- 5
1- 2
6
15c
16'Ac
10c
Confederation Life Assn. (Toronto)—
Quarterly
Connecticut Light & Power Co.—
12-14
11-15
12-15
11-15
12- 1
11-30
100%
50c
20c
75c
$1
50c
25c
30c
12y2c
1
Common
6
3-
1-2-46
12- 1
12- 1
(quar.)
Commonwealth International Corp. (quar.).
Concord Gas 7% preferred (accum.)
stockholders and
7
series
preferred
$2.50
(quar.)__
12-
Extra
11-19
Co. <N. Y.)—
subject to approval by the
dividend
Stock
1
convertible
1
$1.50
Goodyear Tire & Rubber Co., common
$5 convertible preferred
(quar.)
Graton & Knight $1.80 preferred (s-a)
7%
preferred (quar.)
25c
(quar.) .
Compo Shoe Machinery Corp., com. (quar.).
American Re-Insurance
^
12-
5%%
I
12-
5c
Dredge & Dock Co.
6
11-
$1.50
(interim)
com.
11-
11-15
$20c
Goebel
5%%
4-15
-
10c
1
Grocery
1
40c
12-
11-15
5-
1
30c
General
12- 1
11-
11-15
$1.75
1
Lakes
11-16
IOC
—
12-
11-15
1
25C
:—
5
Brewing Co.
11-30
12-
25c
11-
Wares
12-15
30c
pfd.—
non-cum.
Advertising6% pfd. (quar.)
General Steel Castings, $6 pfd. (accum.)
$3.50
25c
Pictures Corp. $2.75 pfd.
Columbia
(increased quar.)
6%
11-15
62 %c
Outdoor
$1.25
(quar.)—
(quar.)
preferred
6%
5
11-15
Industries Co
Steel
11-15
$4
(irreg.)
25c 1-15-46
(quar.)
series (quar.)'
5%
1
preferred B (s-a)
I
Foods Corp.
(quar.)
6%
12-12
(initial)
preference
Preferred
11-20
12-
7%
Co.,
Cigar
General
common
5%
5
11-23
12-28
12- 1
$1.75
(quar.)
11-16
.
10c
—
-
_
"
11-15
1
General
Corp.—
(initial)
Colorado Milling & Elevator (initial)
Columbia Gas & Electric common
New
11-15
11-
11-10
Colorado Fuel & Iron
11-15
12- 1
Ji'le
12-15
General
1
11-21
common
preferred
4%
11-15
12- 1
35c
$1.75
(quar.)_r
Co.
(bi-monthly)
Paper Goods, 7% pfd. (quar.)
Radiator & Standard Sanitary—
preferred
$3.50
Colonial Stores,
12-
$50c
Co.
(quar.)
Industries
87V2c
31'Ac
47c
Colgate-Palmolive-Peet Co., common
11-30
1
$1-50
News
American
5
10-25*
Jo
12- 1
12- 1
15c
25c
(quar.i.
5
11-
11-
11-21
Orl. & Texas Pac. Ry. Co.—
preferred (quar.)
1
City of Paris Dry Goods Co.—
7% 2nd preferred (s-a)
Clearing Machine Corp
Cockshutt Plow Co., Ltd. (s-a)
10-26
17 %C
-
"
pfd. (quar.i
Finance Corp. 5%
pfd. A (s-a)
General
12-10
5%
10-15
Sixth
Works Co.,
Wood
10-30
Cincinnati New
7
10-26
1
5c
Sulphur Co.
Iron
10-15
-12-
Gamewell Company
12-10
Chile Copper Co
12-
11-20
11-15
12-31
12-15
12- 1
Fulton
5
10-16
-
$1.12%
Co
West
11-15
11-15
Co.—
25c 4-15-46
50c
11-27
11- 2
11-
75c
(quar.)
preferred
$3
,
American
II-lt>
50c
2c
lBc
75c
$5
25c
50c
6 „2C
Inc
—
—
11-15
Four-Twelve
25c
.
Quarterly
11- 9
12- 5
12- x
iz-22
luc
-
Board Co
American
11-15
51
Airlines,
American
id
15c
Inc
Line Co. (quar.)
American
11-16
11-19
?$2
T$1.50
(quar.)
preferred
6%
.v
o
11
$1.91%
25c
(quar.)
common
10-31
12- 1
."J
oil/
(final)
5% preferred
Portland Cement Co
Allied
Payable
Share
Name of Company
of Rec.
25c
Rubber
&
Kleiser
&
Foster
25c
a
$4.50 preferred (quar.)______
Chesapeake Corp, of Virginia
Chicago & Northwestern Ry. com. (irreg.)__
5% preferred series A vtc (irreg.)
Chicago South Shore & South Bend RR.—
Quarterly
Chicago Yellow Cab (quar.)
Chickasha Cotton Oil
(quar.)
Holderi
Wnen
per
1
11-16
11-15
11-15
11-24
$1
25c
25c
>
12-1
10-16
'
J.)—
—
preferred (quar.)__
Fitzsimmons Stores, Ltd.—
7% preferred (quar.)
Fleet Aircraft, Ltd.
(interim)
Gar
(extra)
-
12-10
'11-15
25c
N.
(Newark,
—
4%%
Freeport
Champion Paper & Fibre, common
Extra
Tire
Firestone
11-15
11-15
(liquidating)
Corp.
Ribbon Mills
Belt
12-1
(s-a)
10-31
11-
30c
$1.25
—
Insurance
Increased
for Cuban dividend tax.
Less 7 Vtc withheld
Pipe
12-
$1
$1.50 convertible preference (accum.)
Co, <SA) (irregular).
Central Violeta Sugar
Centrifugal
1-2
11-10
12- 1
$1.25
Foundry Co., 5% conv. pfd. (quar.)
Central-Illinois Securities Corp.—
(quar.).....—_______
(s-a)—....
Extra
Firemen's
50c
$1.25
Central
Centucv
11-15
——
qt Rec.
11-15
12-15
12-15
12-31
12-31
;75c v;- 12-31
*
...
Corp.
Fire Association of Philadelphia
11- 1
11- 8
11- 1
12- 1
12-21
$$1
$2c
$12'/2c
& Co., common
M.)
(A.
preferred (s-a)
5%
.
,
11- 1
11- 1
12- 1'
12- 1
$20c
$20c
share held
each
for
Castle
we
Industrial
11-15
Payable
25c ■
50c-
,
Holder 1 '
When
Share
common
Extra—
Federal-Mogul
(interim).—
Inc.,
Shops,
^
„
(interim)
B
give the dividends announced in prewoua
weeks and not yet paid.
The list does not include divi¬
dends announced this week, these being given in the
Below
$25c
—
International
Investment
Trust,
Ltd., 5% preferred (accum.)
*
Canadian Malartic Gold Mines, Ltd. (s-a)_.
Canadian Oil Cos., Ltd. new common (quar.)
Canadian Westingliouse Co., Ltd. (stock
dividend) one-fortieth share of common
12-13
11-
7c
:
11-15
12-1
Canadian
12-27
(quar.)
Crampton Corp.
&
Winters
10-27
J25c
Alcohol—
Class
11-10
1
$1.25
(quar.)
Lace Manufacturing Co
Wilkes-Barre
1
11-
$1.25
Whitaker Paper Co. (quar.)
Wilbur-Suchard Chocolate preferred
:
....
Class
11-15
1
12-
IOC
—-
Name of Company
Bake
Federal
—*
Canadian Industrial
35c
Westvaco
Wheatley
11-13
12-
t$1.12»/a
Extra
11-13
11-30
•
25C
(George) Ltd. 5% preferred (quar.)
Chlorine Products Corp. <quar.)__
Weston
11-30
25c
Preferred
11-15
t
12-
iquar.)
Westinghouse Electric Corp., common
(quar.)
Common
$'}:
Fer
V
of Rec.
Ltd.—
Canadian Fairbanks-Morse Co.,
Oil & Snowdrift Co., Inc.— :
Wesson
'..'A
Holder1
When
Payable
per
Share
,
Name of Company
•
Monday, November 5, 1945
& FINANCIAL CHRONICLE
THE COMMERCIAL
2184
—
—
Corp. (quar.)
Corp. (year end):-^_i_'__:_:_l_'_ '
50c
$2c
25c
$1.10
12- 5
11- 5
li-15
10-15
11-15
;";12-
1
11- I
:;11-
l
Volume 162
When
;
Home of Company
com.
(quar.).
Extra
-
Payable
Share
•
VLiggett & Myers Tobacco Co.,
—„
Per
0/ Reo.
12- 1
Name
11-13
12- 1
75c
50c
,
Holder»
11-12
Pacific
Gas
5%%
.
&
%
of Company
6%
Electric,
Class
B
■
50c
•
Lindsay Light & Chemical Co
"Link
pfd.
(quar.)
preferred
11-15
$25c
12- 1
11- 6
$5.50
preferred
(quar.)
Peninsular Grinding Wheel
12- 1
11-
Pennroad
pfd.
$25c
$12'/2C
12- 1
$2
?
—
1-2-46
-
(quar.)
Monthly
12-
$1
Los
6%
1st
(quar.)__
'
Angeles Transit Lines, common
& Nashville RR. Co.
(quar.)
Common
6'/a%
Company,
pfd.
(quar.)
(s-a)__
:—
Lynch
J.
& M.
—
Massachusetts Bonding & Insurance
Matthiessen & Hegeler Zinc—
11- 3
-
.
12- 1
12-29
11-17
1-2-46
11-15
11-15
$1.62%
35c
$1.75
50c
—
preferred
(quar.)
7%
B
1st
Mercantile
Stores
Merchants
11-
1
(quar.)
1- 5
10-16
Bank
$5
preference
10-31
10-31
11-30
12- 1
11-15
11-10
12-
11-10
Princess
1
5
12-15
1
(stock
Pitney-Bowes Postage Meter Co.
Extra,.
-
—-—1
preferred
Shops, 60c
Procter & Gamble Co.
7%
11-15
11-30
12-
6%
preferred
1
11-
6%
1-2
11-
12-15
12-
1-15
1-
12-17
12-
I-2-46
12-
1
Union
1-2-46
12-
1
'Union
20C
12-
1
11-12*
12-
1
11-12*
11-15
11-15
10-31
12- 5
12-
1
12- 5
12-
1
Quebec
11-15
12-10
10-31
12-
12-
11-15
2
25%
12-15
11-
1
1
3
lT-~l
12-15
11-15
4c
12-15
1-12-46
$1.62%
11-15
1-
2
11-
11-15
11-
3
12-18
11-16
11-
4-1-46
2-22
—
$$1.25
1-1-46
11-23
5%
preference
(quar.)——:
(year-end)—
$$1.25
75c
$2.25
4-1-46
12- 1
11-10
San
11-10
9
11-23
Mount
11-15
10-25
10- 6
11-15
1-2-46
12-15
1
11-15
50c
1-2-46
12-15
41%C
12-1
1-2-46
Diablo
10-10
11-15
U.
12-13
11-15
United
Universal
$1.50
11-30
11-
Upressit Metal Cap Corporation—
5% prior preferred
(quar.)
Vapor Car Heating, 7% preferred (quar.)—
Virginian Railway~"V' ' '''
6%
preferred (quar.)„
6%
preferred (quar.)
1
6%
preferred
(quar.)
Vulcan- Detinning Co., common
50c
(quar.)
Hotel,
12-
30c
1-
1-
Assn.
12-15
11-15
Scotten
12-15
11-15
Seaboard
11-15
11-
Sears
25c
30c
11-30
12-10
11-17
11-16
Servel,
12- 3
11-15
preferred
of
ll"6
12-28
1- 2
12-
1
1
11-
12-
1
11-
9
8
11-30
25c
common
Southam
12-10
Southern California
12-10
11-15-
20c
(quar.)
10-31
12-31
12-10
11-
12-
10-22*
35c
Co.
Southern
11-26
Southwestern
1- 2
11-16
11-
12-
11-20
1
1
11-15
12- 1
50c
11-20
11-
5
1
11-15
50c
12-
2-
$1.25
1
11-15
preferred (accum.)—,
5%%
preferred (accum.)——
10-31
10-31
25c
Northrop
Class
class
A
10-25
10-25
preferred (s-a)—.
$2.50
6%
preferred ;(quar.)»$l-25
Wellman Engineering Co, —"—
10c
12- 1
11-15
12-
11-15
12-14
11-28
Bancorporation
Leather Co.,
11- 5
10-25
Silica
Preferred
(ouar.)
6%
preferred
preferred
Stoker
©gilvie Flour Mills, common (quar.)———.
preferred (quar.)—————————,.
Oklahoma Natural Gas
4%%
preferred
Oliver Corporation
common
(quar.)-
1-1-46
12-12
6%
Fibre
Oxford
common
(quar.)
Marine & Mfg.
Owens-Illinois
Glass
Stein
12-15
11-30
Stewart-Warner
1- 2
$$1.75
12-1
10-26
Stix
11-15
10-31
Stokelv-Van
10-31
11-27
11- 3
12-
11-
(irreg.J
Co
10-15
11-15
10-15
12-20
11-21
12-20
11-23
11- 1
40c
(irregular)
Stowell
(S.)
Corp.
6V2%
preferred
Struthers
Sullivan
Wells
11-15
10-30
Sun
11-19
Swan-Finch
12-
11-15
1
Oil
4%
Co.,
2nd
Brake.-
Air
Dental Mfg.
S.)
B.)
(J.
Co.,
cumulative
(quar.).—
(quar.)
common
preferred——
10-31
11-15
11-26
11-15
Winnipeg
11-29
11-15
Wisconsin
Bankshares
11-15
10-15
Wisconsin
Public
11-15
10-20
11-15
10-19
12-15.
11-15
12-15
11-15
11-15
11-
Woods
Ltd.
—»
(quar.)
Electric
Co.,
5%
1
1-11
1-15
35C
12-
25c
pfd.—
non-cum.
Corp. (s-a)
Service Corp., common..
Manufacturing Co., Ltd.
(F. W.) Co. (quar.)
12-15
12-
45c
12-10
11-17
$1.12'/a
12-15
12-
1
5
$1.50
5
62c
11-
40C
11-15
11-
40c
12-15
11-15
7
(quar.)—
12-15
11-15
11-30
12-
1
11-15
$$1.25
12-
1
10-31
11-30
10-31
11-15
11-
50c
12-
10c
11-20
11-
60c
12-11
12-
1
31'Ac
11-15
11-
1
$1.25
12-29
12-15
11-15
12-15
11-30
12-
1
11- 2
12-
1
11-
12-
1
11-15
1-2-46
12-20
—-
5
11-10
1
5
Woiks
25c
'
25c
10-31
2
12-
1
10-31
$1.50
12-
1
11-20
75c
1-
2
$1.62 'A
,^ ...
12-
1
1 1-J.O
11-15
U- 5
■4
(year-end)
———.—-;—
$1.25 pfd.
Worthington Pump & Machinery Corp., com.
4'/2%
prior preferred (quar.)
—
4'/2% conv. prior preferred (quar.)
Wright-I-Iargreaves Mines, Ltd
Wurlitzer
(Rudolph) Co
Yates-American Machine Co., common
31'Ac
(quar.)—
y
37'/a c
12'- 8
11-25
10%
•
12-15
37'/ac
12-
1
:>y:; 10c
12-
1
10-19
12-14
xl-30
11-15
11-
11-15
11-
11-21
11-
11-15
11-
2-
2-15-46
$1.25
$1.25
50c
30c
,
25c
25c
25c,
t$2.50
25c
15c
$50c
40c
37'/2c
$1.12'/2
S1.12V2
t5c
20c
12'/2c
,r
11-
11-15
2-
2-15-46
I-2-46
1
12-18
12-15
11-15
II-13
10-29
11-15
11-15
1-2"
10-15
10-15
12-
1.
12-30
11-15
11-10
;; 10-27
11-
1
12-31
12-
1
10-15
11-30
.11-10
1
12-20
12-
12-15
12-1
12-15
12-
1-
2
X
11-22
12"!
1
11-15
1-
2
12-15
Jamaica Income tax.
xLess 30%
books not closed
•Transfer
11-15
11-23
;
11-15*
11-15*
^Payable
In
resident tax.
for this dividend,
V. B. funds, less 15%Canadlan
t Pay able in
12-15 *
$1.12'/a
11-15
11-15*
1
$75c
/
$1.12'/2
—
(quar.) —
6% preferred(quar.)
Corp.,
preferred
(S.
11-15
15c
(stock dividend)——
common
Oil
75c
10-19
—
Western Tablet & Stationery—
5%
preferred
(quar.)—
Wilsil,
11-15
11-15
—
—
(miar. 1
A
11-30
75c
Machinery. Co.—.—.—
11-15
(qua*.)
Westinghouse
1
1
1
12-1
27 7/10c
$7
(quar.)———
75c
,V- 75c
$1.25
common
Williams
25c
common
(quar.)
Corp.,
RR.,
11-
25c
Co.,
Pacific
Common
10-31
(s-a)-
Camp 5% prior pref.
Co., Ltd., class A:
Stromberg-Carlson
11-26
$1.75
1
$19c
—
Strawbridge & Clothier—
7%
prior preferred A (quar.)
50c
(accum.)—
Western
11-17
11-15
Baer~& Fuller
11-21
$1.50
-v
10-15
11-17
1
9-29
.
.' 25c
_
Paper Co., $5 preferred
11-15
35c
x—
Co.
1
$25c
(year-end)
Brush
1
10-31
11-15
11-
12-
12-
12-
433Ac
11-10
11-15
10-30
12-28
11-15
12-12
10-19
preferred
—-----——
preferred (quar.)
(A.) & Co. (quar.)
$25c
.
2
1
12-12
12-12
$1.50
$1.75
25c
preferred
(quar.)
Electric—
preferred A (quar.)
12-14
$$1 75
(quar.)
preferred
Outboard
Ox
5%
11-19
2
-
1-
11-26
1
11-15
11-
11-15
Penn
6%
37'/zc
-•
Ontario Steel Products, common
7% preferred
(quar.)
Elevator Co.,
11-19
1
1-
—
preferred (quar.)
7%
preferred Hquar.)
West Virginia Coal & Coke Corp
West Virginia Pulp & Paper Co.—
4'/2% preferred (quar.) — —
Western Light & Tele. 5% pfd. (initial)
Western Maryland Ry., 7% 1st pfd. (accum.)
15c
1
12-
$S3
West
11-12
$1.75
5<tr
Corp
Standard
12-
50c
—
11-10
1
12-
25c
50c
Extra.;,w:.75c
Foundry Co.—
. v
< *
■ \
12-
30c
Wholesale Phospate & Acid
(year-end)
_————
Stanley Works. 0% preferred (quar.)
Stecher-Traung Lithograph—
11-10
12-12
(s-a)
11-15
Is;
12-
West Michigan Steel
12-10
10c
Standard Tube Co, class B
11-26
11- 5
11-10
•
183Ac
12-15
593/eC
—
<s-at
West Indies Sugar Corp.
11-19
40c
1-5-46
1-1-46
12- 1
12-15 ?
-5c
Manufacturing Co.—preferred (quar.)—
conv.
37 '/2c
——
Standard
15c
>
$1
12'/2c
—
10-25
50c
(quar.)
————
—
Ontario & Quebec Ry.
Otis
preferred (quar.)
Seal Corp.-—
$1.60 conv. preferred
(quar.)
Standard Chemical Co., Ltd.—
$1.75
.
Wentworth
1
12-1'
,
—
5%
<quar.)__
$4.50
$1.50
(quari)
Extra
12-10*
Standard Cap &
87%c
(quar.)..
7%
6
$1.25
12-15
Northwestern Public Service Co.—
Norwalk Tire & Rubber Co., 7% pfd. (quar.)
Nu-Enamel Corp.. 60c conv. pfd. (quar.)
>11-
(Dallas)
11- 5
62%c
—
11-15
^
11-12
(quar.)
1-5-46
35c
common
6%
Woolworth
Standard
37 %c
,
Northwestern
K
133Ac
(quar.)
25c
.
—
Northwest
Ltd.
com.
preferred (quar.)—
Standard Forgings
(initial)
12-15
1-2-46
11-10
Ltd.
5%
9
11-10
30c
50c
-1
(quar.)
$1.12 '/2
$1.25
5
11-15
White
*—--
25c
Aircraft,
B
(quar.)
—*
—
common
11-
20c
11-27
1-10
i
11-26
1
12-
10-30
1-15
96'Ac
1:
7-15
12-10
1-19
12-15
22'/a C
Sparks Withington Co., 6% conv. pfd. (quar.).
Inc.-—
—
Spiegel, Incl, $4.50 conv. preferred(quar.) —
Sprague-Warner-Kenny Corp., 6% pfd.——
Stamford Water Co.
(quar.)———
—
Standard Brands, Inc., common
11-27
<•
12-20
-
v10-30
Spencer Kellogg & Sons,
11-14
r 4-15
8-1-46
(reduced)
(year-end)—..
12-17
r-r—
1
5-1-46
11-15
Co.
D.)
11-10
—---------
11-10
1-15
$2.50
$1.75
-
"
Co
Swasev
(S.
$1
(quar.)
12-10
10-17
W.,
11-10
—•—-
Service,
1
12-10
2-1-46
10-19
&
$1.50
$1.05
6%
&
125c
(quar.)^
Insurance Co.
Public
G.
40C
(quar.)
-—
$1
-
North American Investment Corp.—
Extra
Southwestern
(quar.)
Mines, Ltd.
(Hiram)
15c
-
pfd.
Co
Gas
12-
$1.75
37'Ac
27Vjl
37'ac
11-17
$20c
preferred
Life
Amulet
$1.75
$2.50
(quar.)
(quar.)
North American Oil Consolidated
Union
12-22
1
15c
Quarterly ♦—
12-15
12-
$2
(quar.)
non-cum.
11-19
40c
(quar.)
5%
11-19
1
62Vac
11-15
1-2-46
11-13
+22c
com.
common
11-20
1
12-
$1.12'/2
common—
Co.,
12-
12«1
25c
10-20
(quar.)
Railway
12-
$1.25
(quar.)—
Southern
12-10
$1.75
25c
25c
preferred
Common
6*
11-10
$1.50
(quar.)—25c
Co.
25c
Power Co.,
10-31
11-15
75c
5%
Edison Co.,
11-19
10-31
t-
25c
—•
(quar.)
Ltd.
Southern Canada
12-15
$1.12,/2
•
1
Co.,
1
11-15
Warner
62'/2c
Works-
11-15
12-
11-15
Washington Gas Light Co.—
$4.50 preferred (quar.)
—
$5 preferred (quar.)
—-——
Washington Railway & Electric Co.—
-11-5
(quar.)--;
Lathe
Bend
12-24
$1.07
Norfolk & Western Railway Co., com.
i
preferred
25c
Common
preferred
6%
South
11-16
1
9
11-10
———
$1
4
12-
9
,10-25
Corp.—
Pulp Co.,
6-15
7-1-46
11-
50c
Solvental Chemical Products, Inc. (year-end)
Soundview
3-15
4-1-46
12-15
25c
preferred--—
convertible
12-15:
11-
30c
(quar.)
12-
Newport News Shipbuilding & Dry Dock Co.
preferred
55c
12-15
1-2-46
10-25
25c
—
conv.
11-15
1-2-46
11-
12'/2C
Skelly Oil Co
Smith (Howard) Paper Mills, Ltd.—
50c
12-15
1
12-
12-15
11-15
—
(quar.)
Manufacturing
Insurance
preferred
Walker
12-20
—"~T
-
Aircraft Co.
11-15
1-2-46
12-10
12-30
(quar.)
Solar
12-15
1,
J$1
$1 preferred (quar.)—V—--w—t25c
Waltham Watch, 7%
preferred (quar.)
$1.75
12-15
(quar.)
City Gas & Electric Co.,
preferred
7%
11-13
$1.75
Steam Cotton (iniital)
5% preferred (quar.)
Neptune Meter Co., 8%
$5
Sioux
11-7
12-
15c
Neiman-Marcus
Adjusted
Company
Oil Corp.
11-15
12-
$15c
17'/2C
(quar.)
Solar
12-20
$1
(increased)
Corp.
Brake
1
15c
National Terminals Corp
Air
preferred
$1.75
National Gypsum $4.50 preferred (quar.)—
National Lead Co., 7% preferred A (quar.)National Linen Service Corp. (quar.)
York
1
11-16
$1.75
preferred
(quar.)
National Dairy Products Corp.-
New
11-10
11-20
12-
*150
7%
4'A%
Naumkeag
Silex
America—
National Cylinder Gas Co.,
•'
5%
Common
(quar.)
Container
12-1
12-
40c
preferred (quar.)
National Biscuit Co., 7% preferred (quar.)_
National Cash Register (year end)
National Casket Co., Inc., com. (increased)National
11-15
$1.50
convertible
preferred
12-15
5
12- 1
1-2-46
Waite
11-28
dividend)
(stock
Common
11-19
75c
pfd. Cla«s C
Nashville Chattanooga & St. Louis Ry. Co._
National Automotive Fibres, Inc
$7
11-
$1 75
(quar,)
Nashua Manufacturing Co..
6%
11-15
12-10
2
7
12-31
(initial quar.)
—
Sinclair
Murphy (G. C.) Co. (quar.)
Muskogee Co.. 6% preierred
Muskeag Steam Cotton (new)
Mutual Chemical Co.
3
11-15
25c
(s-a)
Mullins Manufacturing Corp.—
$7 preferred (quar.)—,:
6%
12-
$30c
2
11-
11-15
7
12-14
(quar.)
common
11-
11-13
12-15
11-13
;
12-
15C
Shawinigan Water & Power (quar.)
Signode Steel Strapping, common—
nrpfprrcd
10-15
12-
25c
Inc.,
11-16
'
2
75c
Extra
RCi
11-15
2..
7%
'
04
11-16
11-12
10c
Delaware
1
1
15c
Co
of
11-16
1
12-
$$1.50
(s-a)—
11-1*
Co.
1
25c
11-10
Oil
11-
12-
tl5c
------
Surety Co.^
Roebuck, new common
11-10
v
11-
1
Warren
1
1
10-10
9
11-15
Extra:
Dillon
10-31
11-
■
$1.12'/2
Seaboard
.*.
10-11
11-15
35c
—
1
30c
Ltd
11-21
•»'
11-8
$1.12'/2
12-
lc
Royal
Mountain Fuel Supply Co
Mountain Producers Corp.
12-13
.
$40c
75c
Extra
Mount
11-15
60c
pfd
11-30
10-31
11-15
50c
11-30
10-19
11-15
60c
Reclaiming—
preferred (accum.)Wallpaper. 6% prior pfd. (quar.)
10-24
12-15
t
30c
prior
11-30
11-26*
1
Rubber
12-31
25c
6%
22»/2c
(s-a)—
11-15
(quar.)
Loan
(Philadelphia)
Society
30c
-
r
10c
Loan
S.
8
'
1
Extra
U.
8
11-
11-15
>
1
$1.25
$1.25
-
S.
S.
1
11-
12-
$1.23
(quar.)
preferred
(quar.)
preferred (quar.)
11-15
25c
Remedial
U.
11-30
12-
11-15
& Manufacturers—
Merchants
preferred
5%
11-10
12-15
50c
$1.75
Paper Co., Ltd. com. (quar.)—.
$6 preferred (quar.)
—■——-—
Rustless Iron & Steel Corp. (quar.)—,.——
Francisco
5%
11-21
12-
(quar.)
12-15
725c
preferred
United
1
"12-10
$37c
11-15
(quar.)
1
1
Ltd.-—
12-15
1
11-
11-10
11-15
12-
25c
50c
12-31
•11-15
$1.25
Casualty Co., 45c conv., pfd. (s-a)—
U. S. Hoffman Machinery Corp. (irreg.)
$2
1
25c
—
50c
12-
1
11-15
11-
f'
(quar.)
$1.75
San-Nap-Pak Manufacturing (quar.)
Savage Arms Corp.
Schenley Distillers, new common (initial)
12-
12-15'
$1.25
10-22
11-15
preferred
5%
$1.25
$$1
$$1.75
Corp. (quar.)
Oil Mining & Develop. Co.—
12-
11-22
United Gas Improvement Co.
12-15
58'/3C
10-31
lli"
(quar.)—v— ;$1.75,
(irregular).
50c
United Light & Railways—v
7% prior preferred (monthly)
58Vbc
,
7% prior preferred (monthly)
58'/3C
6.36%
prior preferred (monthly)
53c
6.36% prior preferred (monthly)
53c
6% prior preferred (monthly)——50c
6% prior preferred (monthly)
50c.
7%
.-
11-15
41%C
$2
Quarterly
1
II-6
12-
'
•
(quar.)
preferred
8%
lc
Wheel
II-
1
Rolland
2-22
'Moody's Investors Service, Inc.—
Motor
11-15
11-15
50c
$2.25
(quar.)
1
12-
•
preferred
1
1
11-15
$1.50
25c
25c
$1.37y2
50c
$1.50
$1.50, class A (quar.)
United Engineering & Foundry Co.—
11-20'*
35c
(quar.)
11-1
.
12-
11-15
$1.25
$1.12%
25c
:'' 25c"
United Corporations,
11-20
15C
(quar. interim)
Class B (quar. interim)—:
Rheem Manufacturing—.
4V2% preferred (initial quar.)
Common (quar.)
(quar.)
partic. preference (quar.)
Motor Finance Corp. (quar.)
11-20
11-10
.
Extra *
Common
Common
preference
7%
■
10-19
1
-
10-11
Reynolds (R. J.) Tobacco-
5%
$3
6
12-1
"
Remington Rand, Inc., common
$4.50 preferred (quar.)--—
11-30
(quar:)
12-
10c
(quar.)
non-cum.
"Storage'
5%
2'/2%
common
(quar.)
preferred
(quar.)
Oil Co.
(Cal.)
(quar.)
Common
>
Regent Knitting Mills—
$1.60
1-1-46
12- 1
Co.
Power
Ramsey Accessories Mfg. Corp.,
Reading Co., 4% 1st preferred
1-1-46
conv.
2
$1.25
$5 preferred, (quar.)
7% preferred (quar.)
Puget Sound Power & Light
Quaker Oats, 6% preferred (quar.)
Quaker State Oil Refining (quar.)
1-
11-15
30c
Ltd.,
11-
;
(quar.)
(quar.)
preferred
1
1
5c
(quar.)
United Biscuit Co. of America—
Public Service Electric & Gas Co.—
$$1.75
$$1.75
Cottons,
12-1
50c
'
11-15
$1
———*
$4.50
1
11-
1112-
$lc
25c
Ltd
Co.,
11-15
25c
90c
^•
Coal
10-29
1
25c
(quar.)
preferred
2
11-15
40c
$2
—V.'
pfd. (quar.) ;'
Co., common (s-a)
6%
preferred (quar.)
.Union Electric Co. of Missouri-r-;
$1.50
—
1
11-20
$3.60
of Ree.
1-
12-
25c
Co.i.-:-«—
common
preferred
5'/2 %
$5
10c
(monthly)
1
11-20
7
Knitting Co., Ltd., 7% pref. (quar.)
preference (quar.)
preferred A (s-a)
$4.50 preferred B (s-a)
$4 preferred C (s-a)
11-
;
^
Holders
payable
Share
$3c
•' 50c
(s-a)_^
Tyer .Rubber
8
58'/3C
12-
1
7
12-
$1.25
$4.50
if
$5C
12-
12-
112-
R.)
Mines,
Truax-Traer
•
11-
■
preferred
5% preferred (monthly),
*5%
preferred (monthly)
Public Service Corp. of New Jersey—
$5 preferred (quar.)—
6% preferred (monthly)
6% preferred (monthly)
7% preferred (quar.)
8% preferred (quar.)
7%
com.
5
11-20
1
(monthly) -w—
(monthly)
$91
$1.25
(accum.)
11-
50c
11-28
37 %c
(irreg.)--
10-15
12-1
(interim)
7%
Common
preferred—
Corp.
2-5
11-15
12-1
(quar.),
Ltd.
Mines,
(John
Gold
1st
$1.50
—
(monthly)
1
11-15
2-15-46
$6
12-
(quar.)
preferred
preferred
$1,62%
Monarch
Montreal
Co.
Trihity Universal Insurance Co.
Public Service Co. of Colorado—
11-15
Minneapolis-Moline Power Implement—
Chemical Co.,
Oil
&
Manufacturing,
Company,
$1.75
(quar.)
$1.75
div.)
35C
36C
—
Pittsburgh Coke & Chemical Co.—
$5 conv. preferred
(quar.)_—-—
Potash Co. of America (increased)-
15c
Mission Corporation .(irregular)
Missouri Public Service..;
Monsanto
8-15
—
12-15
62 %c
—
preferred
12-15
4-1-46
—
12-15
37%c
Midwest Oil Co., common (quar.)—,
8% preferred (s-a)
Miller & Hart, Inc., $1 prior pfd. (irreg.)
conv.
1-2-46
50C
Pinchin, Johnson & Co., Ltd.-—
Amer. shares ordinary registered (interim)
$1.50
—
Petroleum
60 c
$1 25
$1.37%
pfd. (quar.)
•Metropolitan Paving Brick, 7%
Mid-Continent
Trane
;
(quar.)
preference
25c
York
New
Toburn
10-31
Coal
Extra
Thatcher
jThompson
25c
(quar.)
30c
(quar.)
10-26
—
11-
15c
(quar.)—
of
11-15
12-10
$75c
(quar.)
11-15
1- 2
$1.25
—
Co., Inc., 7%
preferred
20c
Philadelphia Suburban Water Co., common.
6%
preferred (quar.).,
Phillips Petroleum Co. (quar.)
Merritt-Chapman & Scott Corp.—
6%%
11-20
———
pfd.
10c
(initial)
(quar.)
preferred
11-20
$1.10
Gear
&
Brewing Co
Philadelphia Co., $6
12-10
12-22
Machine
$1
...
preferred
11-20
——
35c
preferred series B (quar.)
preferred series A (quar.),
Meadville Telephone Co., common (quar.)—
!- 5%
preferred (s-a)
Meier & Frank Co., Inc. (quar.)
Mercantile Acceptance Corp. of California—
5%
1
1
•
4.40%
10c
6%
(quar.)—,
Extra
Pfeiffer
12-13
$55%c
Corp., common
$6.50
(fluar.)
Perkins
433Ac
common (quar.)
(quar.)___
Manufacturing Co.
preferred
Pacific
Texas
50o
——r-
(quar.)__
11-20
11-30
12- 1
12- 1
$6
■j
A
A
11-20
'
$7
-^42%c
933Ac
$5.50
<
class
class
^
11-
Extra
'
$1.40
$1.40
12-1
11-20
preferred
McKinney
5% conv.
?r'
1
"
$$111
Inci,
Robbins,
Ltd.
Mines,
Transit Corp., common___
Tampa Electric Co
i
Taylor & Fenn Co, (quar.)__^__„„_^__.—% ./.
12-
12-
Gold
•".*
When
'
Per
■'
Syracuse
12-
Penmans, Ltd., common (quar.)-———
Pennsylvania Electric Co.—
<,
12- 1,
11-15
—
&
11- 7
■
25C
(quar.)
Proprietary
May
$3.75, preferred (quar.) —
McClatchy Newspapers, 7% pfd. (quar.)
Mclntyre Porcupine Mines, Ltd. (quar.)
Mead
11-20
12- 1
87%c
(quar.)
preferred Caecum.).,.—:—
Department Stores common
$4
Common
'Ac
———
Extra
McKesson
7
—
y»c
.
(s-a)_:.x_—
—
Square Garden—
Manhattan Shirt Co. (quar.)—
Extra
12-
$50
(year-end)_
25c
Consolidated
Madison
7%
6
Co.
(irreg.)
Peninsular Telephone Company—
Common (quar.) —i
Corporation
25c
& M.
10-20
25c
25c
.
Extra
'10-31
$1.37'/2
$3
Corp. (quar.)
Lynchburg & Abingdon Teiegraph Co. (s-a)
M.
11-15
11-16
Sylvanite
"
Common
12-21
88c
(Phila.)
(irreg.)
Lumbermen's Insurance Co.
6
11-
11-13
$1.50 :
12'/2c
Louisville
Lunkenheimer
11-
■
12-22
12- 1
25c
preferred
6
12-31
.
$1.25
_.I
Taylor,
1
11-30
•
SI
»
(quar.)
preferred
.Extra
&
10-31
75c
"
•
'i'[Name of Company
10-31
31'Ac
—
11-15
11-15
Parkersburg Rig &' Reel, common (year-end)
"
1-15
10c
r
Longhorn Portland Cement Co.—
Lord
11- 3
12c
Monthly
Long Bell Lumber <Md.)> class A (accum.)_
'Long Bell Lumber
participating
—
0/ Reo.
34.% c
*
——
(quar.)
Lighting Corp., common (quar.)
Pamour Porcupine Mines, Ltd. (interim)——
,12-1
2-1-46
:
(quar.)
Extra
5%
preferred
$12'/2c
-
Pipe Co., 8%
5%
Holder»
31V2C
(quar.)—
Pacific
3
When
Payable
'
-
Class B
11-
50c
(quar.)—
preferred A (quar.)-,----.
Loblaw Groceterias, class A (quar.)_
I—
Lock Joint
11-13
25c
$1.12%
Co (quar.)..
Carbonic Corp. com.
4Ve%
Extra
11-13
11-15
12-1
15c
Belt
Liquid
12- 1
12- 1
(quar.)---..-.wr——tt .75c,,
.
Extra-:
V:'
Share
'
.
2185
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4435
Canadian
funds,
tax
15%; resident tax. 7%.
non-residents' tax.
deductible at the source.
Non¬
a Less British Income tax.
-
'
Corporation
-
Period End. Sept. 30—
Net
oper.
(Continued from page 2152)
National
Tea
cents
share
on
of 15
par value common stock, payable Dec. 1
and, a regular quarterly dividend (No. 2)
the $50 par value preferred stock, pay¬
holders
share
per
holders of
to
58Va
of
of
record
the
on
$10
record Nov.
cents
Nov.
able
per
15
Div.—
regular quarterly dividend
to
16,
Nov.
8.
dividends of 15 cents each and an
of 25 cents, which latter payment was made on March 1, 1945,
oayments on the common stock this year will amount to 85
per share.
Last year, only 25 cents per share was paid—on
the
Including
extra
total
cents
•After
162,
real
Neptune Meter Co.—New
The
class
B
30,000 shares of capital
stock, par value $50 each.
stock
This
? r
have
been
V.
—See
is
to
be
received
162, p.
as
holders
the
on
17,305,882
8,269,448
20,407,890
11,276,379
present capital
bond interest—V.
Kidder, Peabody & Co. headed a group of underwriters
which on Oct. 31 offered to the public $25,000,000 serial
000,000 debentures, with a 2%% coupon and maturing
1956-65, were offered at prices to yield from 2.05% to
2.55%.
162, p. 1517.
The
ry.
railway
railway
1943
1942
$783,498
125,818
73,261
$597,721
38,181
"24,431
7,218,471
467,782
*501,056
6,637,100
963,956
280,831
5,699,635
'848,422
139,433
Gross
"49,065
from
railway
Net from railway
6,233,131
207,132
Net ry. oper. income...
"Deficit—V. 162,
"
*772,069
for
the
the
the
directors
have
SEC
.
the
on
following
of
England
the
For
week
kwh.
12,911,893
below
production
Electric Association—Output—
&
This
reports electric output
decrease of 121,235 kwh„ or 0.93%
kwh. for the corresponding week a
the Association
26,
Oct.
is
a
13,033,128
of
output for the week ended Oct. 26 is reported at 120,018,000
a
decrease of 4,708,000 cu. ft., or 3.77%
below production
cu. ft. in the corresponding week a year ago.—V. 162,
Gas
ft.,
124,726,000
p.
2020.
Minor¬
Inc.—Control Acquired—Offer Made
New Idea,
Aviation
Corp. above.—V.
162,
$0.42
and
Net
from
Net
ry.
265,197
railway
39,651
income
oper.
from
Net
from
Net
ry.
Automobile
.35
.06
.10
.77
.10
.20
.06
.06
.41
.05
.05
.07
.05
.75
.10
.11
.11
Chemical
.38
.07
.06
9,163,439
-
.40
.07
.10
.11
.08
4,206,908
883,965
1517.
.08
.07
from
Net
ry.
railway
railway
from
Net
%■
$592,757
320,726
205,595
Income—
oper.
.13
,10
.10
$595,869
350,867
260,099
$800,911
473,883
162,023
2,250,860
for
•Res.
>
profit
Net
Fed.
inc.
and
1944
$2,606,190
after
Number
of
Earnings
1,863,500
1,559,900
$742,690
259,120
$2.87
$693,307
259,120
.
shares-
common
259,120
share
per
•After
taxes
applying
$2.15
.
estimated post-war refund.—V.
W.
Davin, President, on Oct. 31, stated that the Nickel Plate
road
is considering the purchase of
the Chesapeaike & Ohio Ry.'s
holdings of Wheeling & Lake Erie Ry. stock and of eventually merging
latter
stockholders
to
the
C.
&
O.
exchange C. & O. shares for
and
W.
Mr.
C.
E.
The
said
&
offer
that
O.
stock
the
to
has
of
holdings
of
Pere
action
&
no
W.
Nickel
of
Oct.
on
30
Nickel
Plate,
L.
taken
E.,
preferred
its
offer
Marquette
Pere
is to be renewed.
Marquette
been
Plate
withdraw
to
toward
such -action is a
but
yet
as
going
are
are,
then
we
has
been
given
'see
to
will have
pur¬
pos¬
yet
as
thqy^are
if
to
interested in selling—if they
Mr. Davin asserted.
No thought
negotiate,"
how
to
would be financed, as
agreement that might be
event, however, he expects
discussions with C. & O. to "progress
rapidly."
C. & O. holdings of
Wheeling & Lake Erie are approximately 35%,
■while Nickel Plate's are about
33%, according to Mr. Davin.
this
would
reached
depend
with
C.
Davin
wheeling
Nickel
Mr.
"not
of
Davin
on
been
a
C.
any
any
of
merger
&
O.
Plate
the
have
Nickel
would
been
stock,
and
upon
The
the
but
Plate
be
with
to
Reinstatement
of
board
dividends
the
natural"
a
if
holdings.
preferred
decided
reported.
of
In
possibility,
a
the
Nickel
dividends
has
that
only
purchase
a
basis
said.
discussing
but
made
no
the
is
statement
a
which
pointed
in
See
-
out,
has
also
been
New York
Gross
from
Net
from
Net
ry.
C.
&
issued
.08
to
.13
.15
.03
.60
.22
.19
.06
Eastman,
.33
.06
.07
.08
White, Weld & Co.; Lee Higglnson Corp.; F. S. Moseley & Co.;
Shields & Co.; Merrill Lynch, Pierce, Fenner & Beane; Coffin & Burr,
Inc.; Paine, Webber, Jackson & Curtis; Spencer Trask & Co.; Laurence
M. Marks & Co.; Putnam & Co.; Alex. Brown & Sons; E. W. Clark &
Co.; Dean Witter & Co.; Julien Collins & Co.; Cruttenden & Co.;
utility
equipment
Steel
.38
Diversified
Inv.
Specul.
1945
dividends
on
likely
railway
$163,140
railway
Gross
Net
Net ry.
oper.
Net
ry.
Gross
$223,162
$215,606
99,099
93,033
108,075
78,567
139,187
2,269,006
1,051,899
2,024,682
2,173,639
819,194
and
trustee,
interest.
1,467,149
1,291,088
1,037,108
1,375,938
Immediate
Interest
to
said
the
The
to
be
made
New -York
consider
Stock
full
162,
be
p.
at
the
Guaranty Trust
its
at
Issue
♦
Co.,
redemption
received
stock
of
appears
™
©n
(i,! i.
the
ry.
i,
actions'—V
162
!Sce
4,379,694
1,361,327
1,909,122
499,880
705,484
4,429,605
2,055,285
826,057
225,160
249,253
119,669
3,208,810
1,401,938
706,954
2020.
f,
lnfre9uency of transactions in
number
of
shares
involved
in
the stock
such
trans¬
VWpde35gariatlons ln Prices between successive trans-
&
,'sThe company reports that its estimated net worth per share,
securities at market or fair value, was $50.80 on Sept. 30, 1945.
with
compares
—V.
$48.95
on
June
1945,
30,
and $45.08
on
Sept. 30,
with
This
1944.
162, p. 677.
G.
Ruth
&
Butcher
& Co., Inc.;
162, p. 2021.
Co., Inc.—V.
Electric
States
Power
of this
45,131,000 kwh;,
totaled
output
been
elected
Vice
President.
&
(Del.)—Weekly Output—
Co.
As noted in
the week ended Oct. 27, 1945,
with 42,912,000 kwh. for the
of 5.2%.—V. 162, p. 2021.
for
compared
as
increase
an
(Minn.)—Bonds Offered—
$75,000,000
issue of Oct. 29 an issue of
our
2%% first mortgage bonds, series due Oct. 1, 1975, was
offered Oct. 25 at 101 and interest by a nation-wide
details
He
will
follow:
PURPOSE—Cdmpany intends, simultaneously with the issuance of
now offered,
to apply the net proceeds from their sale, esti¬
the bonds
(exclusive
$74,905,000
at
series
his
devote
primarily to the corporation's portfolio securities.
during the war as a lieutenant colonel in the Army
Air Forces.
For 2Va years he was executive officer at Buckley Field,
Denver, Colo.,
and last year was stationed at Wright Field doing
contract termination work.—V.
162, p. 678.
due
of
accrued
Corp.—Debentures
Offered.—An
un¬
derwriting group, headed by Reynolds & Co., on Nov.
2 offered to the public a new issue of
$2,000,000 15-year,
4%% sinking fund convertible debentures.
The deben¬
tures, due Oct. 15, 1960, are priced at 103 V2 and interest.
from
the
sale
of
that
extent
the
underwriting
bonds,
1974, 2%%
First mtge.
bonds,
series
mtge.
'notes,
2V4%,
to Feb. 28, 1949
Preferred
stock
Cumulative
Common
(no
September—
Gross
stock
amount,
and
of
which
$5
ry.
income
1944
1943
1942
$708,601
$651,172
$766,421
35,975
175,175
163,135
due Aug.
Feb. 28,
shares
are
designated
$400,000
"6,900
74,925
74,009
6,283,255
574,332
782,519
991,356
unlimited
in
expressed
SUMMARIES
"cumulative preferred
stock,
and
EARNINGS
OF
Subsidiary
Companies,
Operating
revenues
—
Fed.
1942
$44,000,196
14,678,538
16,346,256
15,856,715
:■__
2,976,862
2,566,483
4,800,000
1,723,254
1,568,556
4,954,583
4,630,000
4,475,000
inc.)
5,560,687
3,531,720
5,455,601
3,731,840
5,422,291
taxes
5,738,417
3,552,195
profs. tax._
6,385,442
5,743,034
4,527,180
3,411,270
$10,860,692 $10,511,744 $10,652,821
129,311
124,234
122,406
$10,596,691
(other than
&
July 31,'45
1944
1943
$51,569,464 $49,059,924 $46,577,411
17,101,273
Operation
State
Federal
Consolidated)
Calendar Years
12 Mos. End.
exc.
inc.
3,847,850
5,854,128
1,413,161
6,128,375
1,706,295
is
28, 1945 (which was paid on
1946.
Jlssuable in series and
due
275,000
287,548
railway
5,795,641
Net from railway.
.1,121,072
Net ry. oper. income—
419,887
"Deficit.—V. 162, p. 1644.
275,000 shs.
4,000,000 shs.
4,000,000 shs.
indenture
under
series."
Taxes
1945
railway
railway
from
v3,200,000
series
$400,000
tlncludles
date)
75,000,000
v
par)
(no
authorized
$5,000,000
1,
$4,000,000
*3,175,000shs.
$5
Depreciation
$535,354
from
Net
Oct.
par)
stock,
pfd.
"Amount
that
due
semi-annually
due
group
Ry.—Earnings—
Outstanding
*
series
Maintenance
Southern
FINANCING
PRESENT
1,
23/4%
1975,
Serial
Feb.
due
"
&
Norfolk
TO
Authorized
First
(Company
include Baker, Weeks
Harden; Alex Brown & Sons; The Ohio Company; Sutro & Co.;
Bateman, Eichler & Co.; Boettcher and Company; I. M. Simon & Co.;
Ball, Burge & Kraus.—V. 162, p. 1894.
EFFECT
GIVING
CAPITALIZATION
'
of
towards the re¬
bonds, 3%!%
will be used.
general funds of the company
these
debentures, together with funds to
be received through the sale of $1,200,000 of three-year 2% convertible
notes, will be used for the payment of outstanding bank loans of
the company
and of the Ansonia Electrical Co.; to reimburse the
treasury of the Ansonia Electrical Co. for its cash outlay in con¬
nection with the purchase of 200,000 shares of Triumph Industries,
Inc., and the balance added to the general working funds of the
company.
Other members
interest),
presently outstanding, at 104'/4 plus interest.
To the
the net proceeds are insufficient for the above purpose,
1967,
Mr. Ruth served
Electric
Mintoh
Sills,
and
demption of the $75,000,0^1 first and refunding mortgage
attention
Noma
in the underwriting are
Hutzler; Union Securities
Sherrerd
&
company
corresponding week last year,
mated
has
Co.
Bros.
syndicate headed by Smith, Barney & Co,
Bonds are
dated Oct. 1, 1945, and are due Oct. 1, 1975.
Further
Newmont Mining Corp.—Net Worth—
oper.
From Jan. 1—
Gross
125,571
*
from
Net
oper.
Other
2,041,098
$
on
on
Railway
Railway
oper.
revs
oper.
7,285,262
exps—_
13,059,310
7,513,908
$
ry.
oper.
revs...
3,752,554
accruals..
tax
2,688,709
Railway oper.
income
(net)
1,063,845
Cr856,958
Dr34,750
5,545,402
4,155,261
80,000
80,000
531,130
531,130
251,092
128,433
167,985
56,205
disc.
56,205
56,205
56,205
&
113,572,148 120,688,567
68,000,309
deductions
inc.
(net)
Divs.
of
on
capital
stocks
subs.
67,643,581
$6,370,040
HISTORY AND BUSINESS—Company was organized June 16,
1909,
in Minnesota as "Washington
County Light & Power Co."
In De¬
cember, 1909, name changed to "Consumers Power Co." and in Feb¬
ruary, 1916, to "Northern States Power Co."
In August, 1941, Minne¬
apolis General Electric Co., St. Croix Falls Minnesota Improvement Co.
Net
Railway
12,889
487,358
loans
debt
expense
1945—9 Mos.—1944
$
11,037,316
3,465,567
477,344
debt
long-term
bank
of
3,449.837
314,294
Int.
Other
"
$
Net ry. oper.
Other income
45,571,839
53,044,986
34,065,530
39,498,283
1,390,141
11,506,309
13,546,703
Cr610,468 Cr7,178,431 Cr6,026,077
Drl4,273
Drl66,177
Drl9C,102
'
income.
1,886,053
250,481
1,986,335
557,093
18,518,563
2,135,571
$6,692,323
income
19,382,678
5,122,196
is
Company
in
the
public
income
...—2,136,534
funded
on
debt.—
175,477
2,543,428
176,136
20,654,134
1,583,964
24,504,874
1,585.225
Co.
(Wisconsin).
Power
stock,,
representing
Wisconsin
States
income
1,961,057
res.
2,367,292
75,975
49,533
650,000
funds—
'19,070,170
22,91,9,649'
,
appropriations—,
Misc. appropriations
„
—
609,937
1,550,000
471,665
6,025,000
all
of
Power
Croix
—V.
of
income—
162, p. 1517.
1,885,082
North American Cement
loss
•Before
p. 572.
after
charges.
allowing
.
16,910,233
for
16,422,984
.
12 Mos. End. Sept. 30—
Net
1,667,759
-
Corp.—Earnings—•
;
1945
1944
1943
1942
*$232,127
*$454,018
*$317,647
t$130,974
profits
on
bonds
purchased,
t Profit.—V.
162,
were
$6,492,004
merged.
96.99 %
of
Company acquired
the
is engaged
is Northern
all,of the common
outstanding voting
stock,
of the
in
1938 from the company's parent. Nprlhern
(Delaware).
Company's other direct subsidiaries,
Company
Power
Co.
which
are
Co.
Falls
wholly-owned, are as follows:
Interstate Light &
Interstate Light & Power Co. (Wisconsin), St.
Improvement Co., St. Croix Power Co., Saint
(Delaware),
Wisconsin
Anthony Falls Water Power Co., Minneapolis Mill Co.,
River Booni Co:, United Power and Land Co.,
Rum
Balance
$6,362,867
an
operating public utility company and
utility business.
The principal subsidiary
States
Int.
96,119
$10,692,810
3,487,450
3,487,450
$10,990,003 $10,635,978 $10,775,227
income
Gross
Ry.—Earnings—
income
income
Int.
1945—Month—1944
;
Net
t,he,shares outstanding in the hands of others
^;* the ,nadetluacy of the distribution,
the small
Peabody
Salomon
Co.;
Northern States Power Co.
income—
oper.
162, p.
Sinking and
RR.—Delisting Hearing—
Exchange will hold a public hearing Nov. 16
advisabiiity of suspending from dealings and making
strike from
listing and registration the com¬
the company.
The Exchange will consider whether this
suitable for continued listing on the
Exchange in view
Exchange,
90,640
3,498,444
railway
railway
from
Gross
price,
plus accrued
presentation
and
upon
1894.
the
Ln fhfw a5v°U1i
81,289
Y.
application to the SEC to
mon
load.
Kidder,
&
and Minnesota Brush Electric Co.
on Dec. 1, next, all of
series A, due Oct. 1
1965
bonds,
may
bonds.—V.
New York & Ilarlem
v
$467,193
45,694
Jt.
Payment will
payment
of
Dtec.
1,
1945,
of
$487,556
91,211
$433,274
190,949
income—
oper.
Equip, rents
facility rents (net).
Bonds—
140 Broadway, New York, N.
surrender
1942
1,129,562
7^e company has called for redemption
106
1943
$290,385
from
^
115,988
outstanding first mortgage 3Vi%
with
Dillon
Emerich
Ames,
From Jan. 1—
Net
Calls 3V2%
4
increased
an
Northern
1944
railway
railway
Period End. Sept. 30—
1942
»96,307
income
realized security prof¬
from
1945
Norfolk & Western
2,001,031
railway
railway—
*.05
financing
Corp.;
Amort,
42,933
from
from
.05
^Includes extras paid
from
from
'
1943
From Jan. 1—
Gross
>
143,777
income
oper.
162, p. 2020.
$241,505
*.10
162, p. 677.
Net
merger
1944
.12
.23
meet
this
Associated
New York Susquehanna & Western RR.—Earnings-
Connecting RR.- -Earnings■
.13
,19
1.21
Shs
September—
called for
o.
.05
.07
.10
.46
Fund
.07
.36
Tobacco
now,"
at
Chesapeake & Ohio Ry. above.—V.
September—
:
the
opposed
statement
a
1,600,000
.59
Public
Railroad
formal
view
in
by the group of
offer.
The group
Philadelphia on Oct. 31, that
the road has refunded all its bonds and
has "ample cash on hand
to
take care
of
any reasonable
improvement program and also to
declare adequate dividends on its
preferred stock."
_
stockholders
2.35
.09
reinstate¬
of
"nothing
"nothing
its meeting on Oct. 30, and Mr. Davin said that nothing is
develop before the next meeting in November—"if then."
at
s
he
obtained
directors
of
nature"
the
O.,
remarked
is
Plate
The
ment
as
on
&
of
.10
Proceeds
"We
-
L.
&
Davln
chasing
sibility.
'
Opposition
company.
caused
2.30
1960
Proceeds
.18
1894,
160, p.
York, Chicago & St. Louis RR.—Considers Mer¬
the
1959
1,600,000
1,600,000
2.40%
2.45
2.50
2.55
2.55
.10
Niagara Share Corp.—New Vice-President—
Wheeling & Lake Erie—C. & O. Withdraws
Stock Exchange Plan—
■with
1961
1962
1963
1964
1965
1,600,000
1,600,000
.19
$2.67
With
John
•
2.25
.19
Leon
New
ger
2.15
-
.30
excess
taxes
income
$1,600,000
1,600,000
2.05%
1957
1958
.05
1943
$2,253,207
$556,5i6
i..
est.
Due
.89
—V.
1945
$1,952,216
1,395,700
income
Net
1956
1,600,000
1,600,000
Yield
Amount
Yield
.55
Net
Co.—Earnings—
Sept. 30—
$1,600,000
:
1965
May 1, 1956 to
Due Serially
1945
.31
Net
New York Air Brake
9 Months Ended
4,641,988
2,667,616
2,447,022
6,758,871
4,113,912
1,452,469
7,575,575
4,343,918
2,426,962
6,840,920
3,627,724
railway
railway
from
1,
Due
Oil
Net
from
Gross
Net
Nov.
1.70
1.80
1.90
SERIAL DEBENTURES
2%%
$16,000,000
Dated
1,500,000
1,500,000
will be used by the company to redeem
$16,000,000 principal amount of first mortgage and first lien 3'A%
bonds, series A, due 1961, and to construct additional facilities needed
its.—V.
From Jan. 1—
Net ry. oper. income—
—V. 162, p. 1644.
1.60
Amount
1950 to 1955
Yield
Due
1953
1954
1955
1.50
1952
1.40%
1942
1943
1944
$646,226
281,871
175,800
1945
1951
1,500,000
.08
.34
"Initial dividend.
Mexico Ry.- -Earnings—
New Orleans Texas &
September—
1,500,000
.10
.10
Diversified
income
1950
May 1,
Amount
$1,500,000
Yield
$1,500,000
.07
.48
,
Metals
8,408,736
4,820,020
1,457,351
10,829,230
6,019,311
1,292,991
9,718,312
4,075,280
872,611
railway..
equipment
coupon.
Due Serially
1945
1,
Due
.05
1%%
a
SERIAL DEBENTURES
1%%
$9,000,000
Dated Nov.
Amount
.16
.09
stock
l3/4%
a
coupon.
offering.
'
.06
Aviation
Bank
Railroad
railway
oper.
162, p.
Gross
.07
with
Merchandising
1942
$1,196,713
733,288
67,546
$1,298,242
715,336
205,532
$1,077,750
459,542
104,279
$757,341
From Jan. 1—
v
$0.20
.11
Machinery
1943
1944
1945
September—
from
railway-
Gross
4
$0.17
,19
distillery
2-26-45
$0.07
.13
Insurance stock
RR.—Earnings—
1
—V.
5-25-45
Food
1517.
p.
New Orleans & Northeastern
Gross
8-25-45
Agricultural
Electrical
ity Stockholders—Directorate Increased—
v
*11-26-45
Building supply
Business equipment
of
See
Industrial Series—
Alcohol
ago.
year
cu.
Gas
ended
Mellon Securities Corp. bid
coupon and 99.649 for
Bankers Trust Co. bid
coupon.
2 Vr'A
a
company
stock of this
New
with
the time for submitting bids had granted permis¬
to
withdraw the "basket" bidding provision
prior to
the
to
a
2Vz%
a
maturities
maturities with
99.38 for the shorter
dividends on the special
corporation, payable Nov. 26 to holders of record Nov. 5
(see first column below—with three
previous payments shown as com¬
parison) :
the
with
shorter
maturities
longer
The
declared
the
for
a
with
shorter, maturities
maturities
longer
99.159
with
and 99.404 for SlG,-
Stuart & Co., Inc.,
with a 1%% coupon and 100.2059
2V&% coupon; Blyth &c Co., 99.377
1% % coupon and 100.039 for the
maturities
maturities
longer
& Co. and
for $9,000,-
Peabody
Kidder,
to
named a price of 99.219
Their bid
shorter
the
for
99.4529
sion
New York Stocks, Inc.—Distributions—
The
went
debentures
29.
maturing 1950-1955, with a 1%% coupon,
000,000, maturing 1956-65, with a 2%% coupon.
Other bids received at the sale were Halsey,
for
income
oper.
*
1944
$745,241
2,806
"133,396
47,093
the
of
Oct.
on
000,
1945
from
from
Ry.—Earnings-
$611,659
September—
Gross
which
stock.
1516.
:
award
associates
New York Ontario & Western
A total of
maturing in 1950 through 1965.
debentures
$9,000,000 debentures, having a coupon of .1%% and ma¬
turing 1950-55, was offered at prices to yield from 1.40%
to 1.90%, according to maturity.
The remaining $16,-
jp. 1517.
,
accordance with agreements
of the present 8%
preferred
in
issued
from
the
additional
preferred
amended, by authorizing an
stock to be designated as $2.40
Certificate of Incorporation,
1,443,615
charges
From Jan. 1—
amended
1945,
26,
Oct.
on
1,771,617
757,164
\
erties; also
Boston Terminal Co. taxes and
Stqck Authorized—
stockholders
common
17,141,059
,
13,623,360
V..
structure but excluding
rejected leases.
Net income includes accrued and unpaid
taxes on Old Colony and
Boston and Providence prop¬
accrued and unpaid charges against said properties for
estate
Net
1894.
p.
•
445,130
fixed
under
rents
Net
27.—V.
Nov.
for
—
S
.
1,402,151
1,045,033
income
•Net
quarterly
three
charges
,•
14,693,043 132,305,799 137,932,762
13,155,724
income...*
available
fixed
Chicago—15 Cent Common
Co.,
The directors on Oct. 29 declared a
revenue.:.-
oper.
ry.
Income
;
1945—9 Mos,—1944
1945—Month—1944
$
Total
Investment' News
;
'
Co.—Debentures; Offered—
Northern. ..Natural' Gas/
New Ilaven & Hartford RR.—Earnings—
New York,
General
i.
i
Monday, November 5, 1945
THE COMMERCIAL & FINANCIAL CHRONICLE
2186
Mississippi and
Chippewa River
Fibre Co., and Chippewa Valley Construction Co.
- >~
;
The company
and its public utility subsidiary companies are en¬
gaged
chiefly in
the production, transmission and distribution of
electric energy.
They furnish retail electric service in 462 communi¬
ties in Minnesota, Wisconsin, North Dakota, South Dakota and Illinois
and electric energy at wholesale for resale in 135 additional communi¬
ties in such states, having an aggregate population of
approximately
1,486,000.
The companies also furnish electric service to many rural
Power &
::.j0'-■;i'i?;";fe"•4".■-;.;'■'*>?',V-Xr■":"^v-1 -y>•■'-■'.:•*'•1 ■}'"';S'-'i*':/v■■'
v,-•
' W:iv; .-V
-v?p;;r:'kt-^¥■.■.*:^>.,Sh''i"M.■■';■'■'■1 "■
t ■-.I: H' '
Volume 162
Number 4435
"
rft'v
1
•
'
.
■' ■
2187,
1
cv,*t
,,)'■
■
•*•«'.«••■ •»''''"
{
■'
•
y• f< -
1
.%.,
,
' '•
".•'
•^.**
"'iji'
"r'~''
.y c-
' *,
'• ,,V'''"
f,
/ V.' t
the territory Is served by an interconnected system extending
through west-centrai "Wisconsin and central and southern Minnesota
into and including part of southeastern South Dakota.
The remain-
Holders
■,
tho--uw"
the latter
««-*
systems have
rhWvn
Tne
111
rSllrri
Pnnrl"
urieans-WUron, inc., vnicagO, 111.—-iJOnas Galled—
an
105,700.
Company and
(a) manufactured gas at retail in 20 communities in Minnesota,
and
presentation
upon
<
'Orlean<i.ITiiron
aggregate population of approxicertain of its subsidiaries also furnish
mately
.
price, plus accrued interest to Dec. 1, 1945,
surrender of said bonds.—V. 161, p. 2004.
...........
hv
by
-■'i" '*" •V'^1-. *|
Payment will be made at the office of Dillon, y
paying agent4: 28 Nassau St.,; Nev, York»ivN. YV-;; : y '
C
may
immediately.; obtain payment of the full redemption
All of
-
dated
the
Dec.
outstanding first mortgage registered sinking fund bonds.
1, 1939, have been called for redemption Dec. 1, 1945, at
100 and interest.
Wis¬
consin and Nox-th Dakota, and natural gas at retail in three communiin Minnesota, having an aggregate population of approximately
,
Chicago,
Payment will be made at the First National Bank of
Chicago,
trustee,
111.
ties
562,000
which
(of
communities
20
having
population of
aggregate
an
Pacific Gas & Electric Co.—To Retire
approximately 518,000 are also served with electricity;by the company
its subsidiaries)";
<b> "steam or hot water heating service in the
.
or
central business districts of
and
In
North
Dakota; (c) telephone service in Minot, North Dakota,
and its immediate vicinity; and <d) water service in Tracy, Minn.
Approximately 87#
the
miscellaneous
subsidiary
for
companies
revenues.
the
tion
12
;
water customers
^UNDERWRITERS—The
Bank Farmers Trust Co., trustee, 22 William St., New
Y., or at the American Trust Co., 464 California St., San
N.
the
of
names
E.
$3,155,000
Barney & Co
Inc
several
H.
purchasers
Rollins
&
Sons,
1,170,000
The
G.
Walker
H.
&
Dean Witter &
Goldman, Sachs & Co... 3,145,000
Co.—
1,170,000 '
Co
Bacon, Whipple & Co.__
3,145,000'
750,000
The
Ripley & Co.,
Inc.
750,000
Illinois
Co
Kidder, Peabody & Co.- 3,145,000
The Milwaukee Co
KUhn,
3,145,000
Cooley
3,145,000
Hayden,
Miller
First
Michigan Corp.
Loeb & Co._____"_
Freres
Mellon
Securs.
Stone
& Co
Corp..— 3,145,000
Webster
&
•Blodget,
Clark &
500,000
Co
3,145,000
Greyhound Lines—Preferred Stock Offered—
made in
was
will
stock
be
$100
redeemable
share if redeemed
per
divs.
accrued
the
to
at
As
on
date
2,000,000
Blair
&
2,000.000
Julien Collins & Co
250,000 >
2,000,000
J.
250,000
redemption.
250,000
250,000
make certain
250,000
200,000
the
cumulative
calendar- year
shares
Co.,
Inc.
Merrill
Lynch,
Fenner
F;
S.
Corp
Moseley
&
Dain
Kalrnan
Pierce,
Beane—
&
350,000 •
M.
& Co.,
Stein
Co.-j._ 2,000,000
Bros.
TUcker, Anthony & Co,_ 2,000,000
Butcher
Central
R.
Harris, Hall & Co.,
Phelps,
The
Fenn
Alex,
H.
Brown
M.
1,500,000
Co.
&
Byllesby
&
Drexel
&
Boyce___
Sherrerd
&
First
Co.
Trust
Bailou,
of
Adams
Carroll & Co.—
John B.
of
Jan.
1,
the
100,000
1,170,000
Inc,
1,170,000
Sheridan,
of
the
due
1041/*
and
Bank,
Savings
New
'immediate
terest
of
refunding
will
Payment
115
trustee,
payment of
authorized
by
94,455
at
$55
convertible
amount
of
(estimated
made
be
Chicago,
Monroe St.,
West
the Schroder Trust
at
bonds,
3 V2 %'
preferred
bonds.—V.
is
redemption
price,
intangible
<
Prov.
The
Nov.
at
stockholders,
accrued
Croil
on
increasing the
1,000,000 shares.
to
President,
Hunter,
because
600,000
recommendation
shares
was
authorized
now
Net
for
Tudor
4#
a
Gardiner
Col.
of
Governor
twice
Maine
and an
Pacific
of
of
of
Seattle;
States
Smelting, Refining & Mining Co.;
Vice-President and a director of
National
of
Dock
Savings
&
Coast
Co.
the
Warehouse
Storage
Institute.—V.
162,
and
Co.;
1894.
p.
via
1943
1945
1944
revenues
$6,020,180
$5,340,786
$5,348,995
expenses
3,378,191
3.133. til
j 472,965
2,902,427
474,021
1,286,114
1506,212
534,815
303,000
300,000
300,000
20
23
18
$1,055,855
14,335
$928,175
$1,137,714
4,608
$1,070,190
$940,142
454,162
418,858
$1,142,322
427,863
$616,023
$521,284
$714,459
31—
taxes
1
taxes
Prop.,
ret. res.
Amort,
Other
of
.(
Interest
approp
limited-term
income
invest
(net).
(net)
-Sr.STW;
11,967
S616'023
to
and
Net
ry.
San
FINANCING
(no
AND
$800,000
with
of Los Angeles
purchase
66,423
1
BUSINESS—Company
owns
and
operates a
ry,
and
highways
Redwood
Calif.,
Francisco,
to
and
via
and
Phoenix
Ariz.;
Tucson,
from
Ariz.,
Angeles,
Los
and
to
Phoenix,
—V.
'The
is
company
the
operating
largest
the
of
unit
Greyhound
which operates, through the coordination of separate units
by The Greyhound Corp., a motor bus system in 44 states
and in several provinces of the Dominion of Canada.
The Greyhound
System.,
controlled
which has owned a stock interest in the company since 1929,
shares, or 59.57%, of the company's present outstanding
$3.50 cumulative preferred stock, which will be eliminated
as
a
result of the present financing, and 256,000 shares, or 60.95%,
of
its
outstanding common stock.
Southern Pacific Co. owns the
balance of the common! stock, consisting of 164,000 shares, or 39.05%.
owns
56,270
convertible
1943
1942
$527,781
230,518
agreed
income—
16,537
121,348
184,812
shares
4,813,182
4,562,044
4.699.420
971.561
466,449
877,740
1,327,919
UNDERWRITERS—The
832,551
424,191
871,473
471,291
3,567,117
to
of
Kidder,
underwriters
below
named
have
severally
purchase from the company the respective numbers
preferred stock set forth opposite their names:'
<
"
1945
$62,807
.
Alex.
,
r
,
1944
1943
1942
$136,206
$134,750
$156,636
10,156
76,115
87,092
29,639
35,926
38,190
920,975
J From Jan. 1—
nGross
Net
from
from
Net
ry.
♦Deficit.—V.
162, p.
1,153,849
947.788
673,949
634.304
Brown
&
55th
East
263,991
244,617
242,695.
;
1644.
of
%
the
1955,
••
outstanding
have
been
(Fifth Avenue & FiftyLeasehold
-1
:
R.
&
2,000
Co
1,500
Co
Staats
Brush,
Slocumb &
Pacific
2,500
1,000
Co
500
Northwest Co
Co.,
'
500
Wagenseller & Durst, Inc.
Sons—2,000
500
(INCL.
SUBS.)
2,000
INCOME
CONSOLIDATED
STATEMENT
-
revenues
Operating expense—1
Depreciation
:
1945
1944
$18,529,021 $17,863,264
9,405,357
10,422,496
702,026
769,438
transport.
&
costs-
757,887
;
180,707
186,508
550,597
492,942
expense—
& sell,
Gen,
1,997,858
2,503,275
726,498
contain.
127,680
90,093
265,224
local-
10,019
345,557
30,301
Taxes—State
&
8,777
.
3,435
1,242
Dry hole expense,—__
Exploration, etc., exp._
Depreciation
-
833
123,727
32,939
~30~232
Depletion
33,069
31,701
'25,741
6,351
7,343
40,519
Lease
rentals
—
37,600
43,128
6,063.
—
leases
Undevel.
; V
97.340
; v
87,986
:
surrendered—
or
————
$7,337,087
income
57,042
$7,441,062
:
$7,755,881
103,975
operating revenue
.
first mortgage leasehold bonds, due
called for redemption on Dec. 1, next,
income—
Income
excess
1.
deductions
Federal
Federal
State
income
income
Net
income
*88~474
100,468
expired
985
$347,608
$498,396
$146,999
$169,563
Non-operating income-
244,235
33,143
535,323
$413,797
$180,142
$1,033,719
$394,947
12,081
13,384
38,163
32,822
Total
Interest
expense
debt
Amort, of
profits
——
—
tax
taxes—
taxesj_
620
129
803
332
2,807
$398,913
$161,206
$0.44
$0.18
$931,263
$1.02
$345,415
$0.38
deductions—
other
income
share-
cap.
per
3,361
10,542
53,742
Abandonments—wells—
All
47,339
V:
9,599
4,568
2,469
allowed
Discounts
180
207
expense
provision made for Federal taxes.
ASSETS—Cash
SEPT. 30, 1945
notes and accounts
banks and on hand, $716,069;
in
receivable, less reserve, $494,817; accrued interest receivable,
inventories, $614,519; investments, $973,153; deferred charges,
fixed assets (net), $2,970,827; total, $5,816,877.,"
,>
LIABILITIES—Notes
liability—long-term
current
$21,750;
payable,
$4,483;
$43,010;
$141,733; accounts payable, $250,252; accrued wages, $17,313;
interest,
$3,284;
accrued
taxes—ad valorem, * excise,
etc.,
$154,787;
deposits on sales contracts, $33,309; long-term debt, $1,061,800; deposits on wells to be drilled, $99,000; common stock ($1
capital surplus, $1,439,044;
$5,816,877.—V. 162, p. 784,'
earned surplus, $1,689,198;
Telephone Co.—New
Individual Trustee—
$905,407;
par),
total,
Peninsular
West of New
H.
3V2%
the
of
(net)
—
;
and
x
York, N. Y., has been appointed
3'/8% first mortgage bonds due
Pennsylvania-Central Airlines Corp.-—Cuts
Bedell
C.
ments
of
Monro, President,
PCA
the
—
—
5,126,400
:——
476,300
454.400
39,000
57,600
$1,523,798
$1,564,853
will
five-day week will comprise a 40-hour schedule without any
reduction in take-home pay from the present 48-hour work schedule,
The
said.
he
peacetime operations," Mr, Monro
any cut in take-home pay is in
in planning for greatly expanded
said.—V, 162, p. 2022.
Pennsyvania Glass Sand
Corp.—Partial Redemption—
work-week
shorter
"The
with
line
There
PCA's
have
without
progressive
been
policy
called for redemption on Dec.
1, next, at 102 and
of first mortgage 3V2% sinking fund bonds, due
June 1, 1960.
Payment will be made at any of the following offices
of Brown Brothers Harriman & Co.:
1531 Walnut St., Philadelphia,
$100,000
interest,
N. Y., or 10 Post
Wall St., New York,
162, p. 679., "
59
Pa.;
Office Square, Boston,
Mass.—V.
Pennsylvania, Ohio & Detroit
All of
outstanding first and
the
RR.—Calls Bonds—
refunding mortgage bonds,
series B,
41/2%, due July 1, 1931; series C, 4,/2%. due July 1, 1984; and series D,
3%%, due July 1, 1968, have been called for redemption on Jan. 1,
1946, at the following prices: the series B at lO?1^, the series C at
107J/2 and the series D at 105; plus accrued interest in each case.
Philadelphia,
Payment will be made at the office of the company in
Pa., or, at the option of the holder, at its office at 380 Seventh Ave.,
New York, N.
Y.
; •
1
•
Immediate
payment of the full redemption
price, plus accrued
interest
to Jan.
1, 1946, may be received upon presentation and
surrender of any of the bonds called.—V. 162, pp. 1807 and 1518.
Pennsylvania Power Co. — Bonds Offered—Mention
made in our issue of Oct. 29 of the offering on Oct.
was
26 by
The First Boston Corp., and
Blyth & Co., Inc., of
$9,793,000 first mortgage bonds 2%% series due 1975 at
102Vz and interest.
Further details follow:
Dated Nov. 1, 1945; due Nov. 1, 1975.
The First National Bank,
New York, trustee.
Interest payable May l and Nov, 1. Both principal
and interest payable at office or agency of company in New York in
any coin or currency of the United States of America which
at tha
time of payment is legal tender for public and private debts.
Denom¬
ination of $1,000, registerable as to principal only, and tully registered
bonds in denomination of $1,000 or authorized multiples of $1,000.
The mortgage provides that the company will, so long as any of tha
new
bonds are outstanding, on or before Dec. 1 in each year, com¬
mencing with 1954, deposit with the trustee cash or bonds authenticated
under
the mortgage in an amount equal to
1% of the aggregate
principal amount of bonds authenticated under the mortgage prior to
July 1 of the year in which the deposit is made; provided, however,
that there may be credited against the sinking fund requirement an
amount equivalent to the principal amount of bonds which the com¬
pany would be entitled to have authenticated and delivered to refund
bonds theretofore outstanding under the mortgage and the right to the
and delivery
of which the company
waives.
.
Any cash,
to the purchase or
the company against
bonds authenticated under the mortgage.
OF EXCHANGE FOR $5 PREFERRED STOCK
deposited with the trustee may be applied
redemption of bonds or may be withdrawn by
609,669
4,995,900
Workweek;
Oct. 27 announced that all depart¬
operate on a five-day week effective
on
1.
Jan.
$7,812,922
406,064
system
Individual
1955, suc¬
Herbst.—V. 161, p. 1776.
ceeding the late Frederick G.
authentication
Net
4%
Refining Co. (& Subs.)—Earn.
1945—9 Mos.—1944
$4,304,131 $3,350,770
V*V 1945—3 Mos.—1944
$1,361,881
$1,222,883
Direct operating expense
&
so
the
Street Corp.
Bonds—-'c\ \
All
Dain
M.
William
Six Months Ended June 30—
Other
Fifth Street Building:), N. Y. City—Calls 4%
Dec.
J.
7,500
2,500
Co
CONDENSED
Operating
Total
One
&
Schwabacher &
13,750
540,246
119,138
income—,
1,209,173
384,548 :
railway—^
railway^—
oper.
13.750
,
—
,
82,827
*2,033
income—
oper.
ry.
Co
Co.—
Riper, Jaffray & Hopwood
Lester
Net
&
Shares
snares
Peabody & Co.—
Blyth & Co,, Inc
Mitchum, Tully &
Ry.—Earnings—
of
the
Witter
Dean
1517.
September-?— .......
Gross from
railway—
Net
from
railway——
sales
Purchase,
Corp.,
136,397
87,937
162, p.
via
Ariz.,
connects with other motor bus carriers at Portland,
Lake City, Utah, Albuquerque, N. M., El Paso, Texas, and
other points on its lines.
In addition to its intercity
operations, the company has certain suburban bus transportation oper¬
ations, particularly in the San Francsico Bay area.
$551,403
income—
Calif.,
El Centro,
via
Calif.,
company
1944
railway—
full
Panhandle Producing &
the Pacific highway;
via the Coast
Salt
175,116
railway^
'•
1945,
the
Period End. Sept. 30—
Net
Calif.,
Angeles,
Los
numerous
$577,523
oper.
system
bus transportation in the States of Oregon, Cali¬
Utah, Arizona, New Mexico and Texas. The principal
from Portland, Ore., to San Francisco, Calif., via the
Coast
The
Ore.,
at
78,840
from
from
Net
Calitornia,
Calif., carWall St., New
16
Co.,
100,000 shs.
(par $100)
par)
-
Net
Trust
-
of
payment
Trustee
Outstanding
From Jan. 1—
Gross
4%
the
Diego, Calif., and El Centro, Calif.
1945
oper.
of
motor
Tucson,
$532,857
from
from
shares
50,000
GIVING EFFECT TO PRESENT
property
San
railway
railway,.—_
September—
Gross
the
on
$2,161
$2,426
$3,315
$2,803
required
year)
in connection
one
Wickenburg,
•Earnings—
Net
bonds, series B,
1, 1946, at
3V!*%
accrued
Angeles, Calif., to Albuquerque, N, M., via Needles, Calif., and
Indio, Calif., and Wickenburg, Ariz.;
from Los Angeles, Calif.,
El
Paso, Texas, via Wickenburg, Phoenix and Globe, Ariz.; via
Los
Operating
Other
mortgage
- holders
of said bonds may obtain imme¬
redemption price and accrued interest to
April 1, 1946, upon presentation and surrender of their bonds. r..
The refunding mortgage 3'/t%
bonds, series C, due Dec. 1, 1966,
were
recently called for redempjfkm on Dec. 1, 1945, at 107 V2 and
interest.—V. 162, p, 2021.
s
'
•
< - • t, •
1,448
430
and via the San Joaquin Valley highway; from Portland,
Ore., to Los Angeles, Calif., via
the Pacific highway, Sacramento,
Calif., and the San Joaquin Valley highway; from San Francisco,
Calif., to Salt Lake City, Utah, via Sacramento, Calif., and Reno,
Nev.;
from Los Angeles, Calif., to San Diego, Calif., and Tijuana,
Mexico,
via Long Beach,
Calif., and via Santa Ana, Calif.;, from
a
Operating
Federal
.1
—'
extend
from
director
corporator of the
Corp.;
Bankers
the
at
or
Commencing Dec. 1,
diate
highway
a
Northwestern Electric Co.- -Earnings12 Mos. Ended Aug.
7,636
457
Nevada,
routes
Investors
Parker
trustee,
N, Y.
York,
50,000 shs.
intercity
fornia,
of Boston,
director of United
trustee of Management Asso¬
Incorporated
and
Gardiner
Telegraph Co.—Calls B Bonds—
refunding
debt,
executed
Oregon
Chairman
is
the
10,751
1,094
preferred stock
HISTORY
in
Mass.,
ciates;
of
11,157
taxes
dividend
stock
terminal
Manager,
the board.
on
60
530,000 shs.
420,000 shs.
2% equipment conditional sale contracts (incl. $114,000 due
various corporations, has been elected
Airlines, Croil Hunter, President
announced on Oct. 25.
He was named to fill
General
vacancy
82
series
Common
Note
Gardiner,
11
preferred stock
Cumulative
not
to the board of directors of Northwest
and
outstanding
1966,
1,
Richard
Elected—
financial figure
1,606
1,625
post-war
annual
within
William
Colonel
outstanding
1,516
1,684
6
CAPITALIZATION,
needed.
New Director
April
CONSOLIDATED BALANCE SHEET AS OF
5,294
exp.
income
The
•
already been issued or reserved for options, and that the management
believes
that
additional
authorized
stock
should
be
available for
Issue if
the
of
have been called for payment on April
105 and interest.
Payment will be made at the Bank of
National Association, 400 California St., San Francisco,
due
1941
$14,443
will be $200,000. The annual sinking fund
requirement of the retirement of such sock will be $100,000, exclusive
of redemption premiums.
made
has
.
12,258
Authorized
this
states
the
of
little
very
1942
1943
in¬
annual meeting to be held on
authorized common stock from
adjourned
an
vote'
26,. will
All
capital surplus, $305,834;
162, p. 2021.
■■ ■
\
$2,100,000;
par),
I.-V,'
Pacific Telephone &
NOTE- -No
$24,746
property-
income
for
Provision
Capitalization—
Northwest Airlines, Inc.—To Increase
CD0.000 shares
no
surplus, $8,039,318; total, $34,976,541.—V.
Earns,
$32,721
16,140
16,576
;
cumulative
.
shares
(420,000
earned
Net
;
Interest
111., or, at the
Co., 46 William
plus
common
dollars)
of
$35,904
revenues
income
extraord.
the full
stock,
$5,195,025, ex¬
converted into
this issue will be
stock
redeem
to
dividends.
Deprec. and amortiz. of
Nov. 30, next, at
the Harris Trust &
on
at
other
with
together
$4,877,500),
to the extent needed, will be applied to the
shares of $3.50 convertible preferred stock on
a
share and accrued* dividends.
If none of the
necessary
accrued
Operating
.
mortgage
Com¬
Commerce
Interstate
the
thousands
1945, will be made upon presentation and surrender'
162, p. 2021.
30,
Nov.
to
the
and
first
the holder thereof,
York, N. Y.
option of
St.,
outstanding
1967,'have been called for redemption
interest.
$33,499;
accrued Federal
other taxes accrued,
$10,458,434;
exceed
company
of
1946,
clusive
Net
All
also
may
SUMMARY OF EARNINGS FOR CALENDAR YEARS
Calls 3 J/2 % Bonds for Redemption.—
series
Company
sinking fund payments, not to
1944
.
payable, $4,760,134; dividends de¬
income and excess profits taxes,
$497,504; other accruals, $235,405;
equipment and other long-term ooligations, $866,423; deterred credits,
$53,444; reserve for injuries and damages, $990,802; reserve for post¬
war
extraordinary expense, $2,334,076; other reserves, $14,233; $3.50
convertible preferred stock (94,555 shares no par), $4,287,435; common
accounts
LIABILITIES—Current
clared,
Operating income—,.
sale
and
100,000
100,000
Co
Bogan
issued.
been
100,000
—
.
have
additional optional
the
Perrin, West & Winslow,
Co._
theretofore
preferred stock, company
or before Jan. 1 in each
the maximum number of
payments.
redemption
$3.50
Co.,
&
1,170,000
&
Hayden, Stone. & Co
"
150,000
Inc.
1,170,000
shall
PURPOSE—Proceeds
funds
150,000
Calif
fixed
Issuance
200,000
Cro.
out of net earnings to retire, on
beginning with 1947, 2% ol
which
in¬
cash
mission.
200,000
Morris &Co.___
a
is obligated
of
Neb
Staats Co
R.
•
200,000
Elkins,
Co.,
Co.—
Co.
&
Estabrook
Lynch
Day & Co
Lincoln,
Wm.
1,170,000
Dodge
&
Pacific
Sons—_
Inc.
Clark.
L.
The
1,500,000
1,500,000
1,500,000
1,170,000
Inc.
& Co
Wisconsin
Inc
Moore, Leonard &
2,000,000
Repub. Co., Inc.
Co
&
30
on
company,
after Jan. 2, 1953; in each case
Also redeemable from
or
of
sinking fund for the 4#
Becker & Co., Inc.-
Bee Higginson
details follow:
of
option
sinking fund, at $100 per share and accrued dividends.
A; G.
1945
temporary
$2,697,145;
issue of Oct. 29 of the offering"
our
days* notice, at following redemption prices: to and including Jan. 1,
1947, at $103;50; the redemption price decreasing 50 cents on Jan. 2,
1947, and on each Jan. 2 thereafter, to and incl. Jan. 2, 1953; and
with
350,000
Co.
desiring to receive immediate payment
including accrued interest to Jan. 1,
and surrender of such bonds.
presentation
by Kidder, Peabody & Co., and Dean, Witter & Co. on
Oct. 26 of 50,000 shares of 4% cumulative preferred
at
350,000
Hawley, Shepard & Co.
Kebbon, McCormick &
3,145,000
Inc.
Union Securities Corp..
of
W.
E.
and
500,000 "
Co.—
price,
also V. 162, p.-2021.
Preferred
500,000
&
bonds
upon
so
stock at par ($100) and dividend. Further
750,000
Co
&
called
do
Mention
1,170,000
3,145,000
the
redemption
of
full
may
•
1,170,000
Corp..
the
of
See
the
of
Spencer Trask & Co
Lazard
30,
JUNE
SHEET,
accounts and
notes receivable,
$2,446,235;
material
and
supplies, ; stated
at cost (after reserve of $80,362),
$3361567;
tangible
property
(net),
$6,769,839;
intangible property
(after reserve
of $789,255),
$4,202,711; investments and advances,
$631,034; special funds (in cash or U. S. Government securities),
$5,440,610; deferred charges, $317,1666; rtotal, $34,976,541.
porate
Pacific
Inc.
3,145,000
& Co.,
Harriman
York,
Fran-;
Calif.
1946,
Eastman, Dillon & Co.— 3,145,000
First Boston
1,
City
Holders
,
telephone subscribers,
and 4,845
bonds and the respective amounts severally underwritten are as follows:
Blyth
N, 3% bonds, the company has called for redemp¬
next, at 105 and interest, $49,000,000 of first and
deposits,
demand
$12,134,733;
,
At July 31,
1945, the company and its subsidiary companies served
579,088 customers of which 447,863 were electric, 124,800 gas, 927 heat-
Smith,
Jan.
on
Cisco,
Ing and 653
series
refunding mortgage, series I. 3»/a% bonds, due June 1, 1966, out of an
issue of $49,927,000 outstanding. ' Payment will be made at the office
of
the
company,
245 Market St., San Francisco, Calif., or at the
consolidated gross .operating revenues of
the
of
its
connection with the recent sale of $49,000,000 first and refunding
mortgage,
months ended
July 31, 19.45, was derived from the sale of electricity, 10# from, the
sale of gas, and 3% from heating, water and telephone services and
and
company
$49,000,000 Se¬
Bonds—
ASSETS—Cash,
vestments,
stock
Wisconsin
communities in Minnesota,
seven
ries I 31/2 %
BALANCE
CONSOLIDATED
100 and interest.
at
Read & Co.,
Ing territory is served by four separate production, transmission and
distribution systems locatedVin and aroUnd'Pargo, Grand Forks and
Minot, North Dakota, and Galena, Illinois, respectively, which furnish
electric service at retail" in 39 communities and electric energy at
wholesale for resale in 11 additional communities.
The communities
vuMimuiituoo,
AUC
VWUUim^miCo
served
served
7 ^ •*; V'-'.
jj-''11 (.>'•> /.•'}'•
6j
of
0
ifoy/**--1%'-^" '£
deposit of
PLAN
The
$5
company
preferred
now
stock.
has outstanding an
On Oct.
18,
bf
offered to exchange
of
aggregate of 42,000 shares
1945. company
preferred stock for such outstanding shares
$5 preferred stock in accordance with the plan of exchange.
In
event the plan is consummated the company proposes to redeem
shares
of
its
new
tha
oa
•'/.
'
.
2188
%V>
r
',
,
,
y/;'0-r£v:,;v;>'<
v -
„
'
>«
•••:•!'
1
.
•
•
Ay?**. "'y£'••''?/.'
.
•'
'
*
* 7. "■"%
"•
Monday, November 5, 1945
THE COMMERCIAL & FINANCIAL CHRONICLE
,
;
■
-r--; •.
Dec.
10.
V.
•
•••• •;< •"•
-
Trust Co. Philadelphia Pa
LawrenceSavmgs & Trust Co., New Castle Pa. ---------First■National Bank of Lawrence County, New Castle, Pa..
McDowell National Bank Sharon Pa.
^National BankinSharcn. Sharon, Pa.
& *£er$?ant? Tfrust Co Greenville, Pa. -------M®r.c^s & Manufacturers National Bank of Sharon.
preferred stock for each share of $5 preierred stock. Dividends on the
preferred stock will accrue from Nov. 1, 1945.
Company proposes
to make a cash dividend adjustment which will give each stockholder
new
exchanges
preferred
cents
stock
share.
per
In
order
preferred. stock
of the $5
holders
exchange
—y
deposit for exchange the certificates for their shares, accompanied by a properly executed letter of transmittal, at the office of
First National Bank,
New York, exchange agent, Two V/all Street,
York
The
.
exchange
reserved
has
85'/,
than
of the
less than 75%
consummate the plan if
will not
and
preferred stock are deposited for exchange.
In the event
plan is consummated xt is expected that certificates for new
preferred stock, and checks in payment of the cash adjustment, will
be available for delivery on or about Nov. 9, 1945.
In the event that
Prom Jan. I—
Gross from railway
Net from railway
the
that
Net
certificates for
returned.
Si The exchange offer and the obligation of the company to deliver
new
preferred stock are subject to the
plan being consummated.
Among the conditions to which consummation of the plan is subject
is not consummated by Nov, J.7,
laao, the
preferred stock deposited for exchange will be
the
plan
the
$5
■
of the $9,793,000
from
banks
Obio
Edison
on
hnnrri«TrTku
of
the
company,
equity of
v
:
4,116,000
999,628
11,618,107
1,064,370
57,743,000
9,675,262
1,082,932
1,153,114
10,481,663
224 q?i
wi
^9^2 8RQ
jXt
sLock
'
224'921
facility rents—Dn
1
balance
tow
raiiwov
S
_
lfi9
n
6-98J'718
10,517,662
6 762 656
6,7b2,e&b
2,698,304
1,875,625
595,812
n qr'k tip
95.846,232
9,700,895
5,932,689
323,323
236,529
inp
nnpi*
i«77
»
~v' ^ l>-
'™ti7q
9,51 ,,393
n ioi
470
1 op
Kidder,
is
10 "•
Earnings
Peabody
&
Wall
17
Co.,
$1,131,508
$1,062,333
282,492
224,046
*107,424
30,785
*11,983
1942
$949,632
308,189
82,241
9,329,221
9,941,298
10.064,831
7,235,635
Net from railway
Net ry. oper. income—
2,362,450
307,555
2,900,881
766,879
3,266,822
1,434,667
1,726,528
*109,899
Street,
income-—
1943
1944
1644.
p.
$2,790,894
28,538
$3,263,203
$3,031,536
$2,566,090
$2,819,432
——
——-
24,148
566,553
526,617
413.285
566.477
594,000
*675,000
*730,000
828,787
285,000
245,000
215,000
year.
$1,817,651
stock.
+4,068,032
$1,584,919
1,099,468
$1,207,805
1,099,468
for
capital
on
"Less
cludes
—
gen.
income
Divs,
-
State
&
$1,319,362
in
sharei.
a
ASSETS—Cash
accounts
JUNE 30,
demand
1945
$874,413;
deposits,
customers
$792,370;
accounts
deducted
amounts
SHEET,
and
post-war refund of excess profits tax,
receivable, $8,083;
inventories, $482,200;
securities, at cost which approximates market (less
from tax liability!, $2,519,430; assets appropriated
sundry
Government
S.
hand
on
receivable,
$155,000;
U.
$1,400,020
961,684
of $75,000 in 1944 and $80,000 in 1943.
i'lncash and $2,748,670 in stock (549,734 shares at
post-war credit
post-war and other general contingencies (U, S. Treasury certifi¬
cates, $400,000; cash, $560,000), $960,000; assets appropriated for ex¬
pansion of plant (cash), $491,000; investments, U. S. Treasury bonds
$120,243;
plant
and
equipment,
$4,007,154;
leaseholds
development, prospecting, etc.), $1,293,233; intangible assets
development), $77,825; prepaid expenses and other deferred
items, $140,930; total, $11,921,886.
(at
cost),
(leases,
(patent
LIABILITIES—Trade
income
notes
payable,
and State
Federal
$144,719;
excess profits
(after deducting U. S. Treasury tax savings
$1,165,000), $21,000; property, capital stock, social security,
taxes payable or accrued, $138,802; due employees for war bond
counts
for
accounts
and
of
bonds
(less
accrued,
for
reserves
tion
of
yet issued, $16,631), $5,305;
contract dis¬
salaries and wages accrued, $72,628; reserves
not
$83,063;
depreciation
and
amortization
of plant and equipment, $2,416,340;
of leaseholds, $622,145; reserves for amortiza¬
development, $40,490; reserves for maintenance, ob¬
replacement of property, $282,690; reserves for Amer¬
depletion
patent
and
Potash
Institute
assessments, $194,837; reserves for compensation
accidents, $75,000; reserves for future losses on accounts
reserves
for post-war and other general contin¬
gencies, $960,000; capital stock (par value $5 per share),' $5,497,340;
paid-in surplus, $693,612; earned surplus, $623,914; total, $11,921,886.
and
insurance
receivable,
—V.
$50,000;
162,
2022.
p.
Pennsylvania Salt Mfg. Co.—New Treasurer—
Warner R. Over has been named Treasurer following the. retirement
A. Smith
of L.
who
served
Vice-President and Treasurer.
as
Mr. Over was appointed Secretary of the company in 1940 cornbininS this with the title of Assistant Treasurer.
He will now act as
Secretary-Treasurer.—V. 162, p. 1895.
(a) To provide funds for the redemption on Dec. 1, 1945, of
V % $87,000 and on Dec. 31, 1945, of $6,281,000 of first
I*. V* mortgage bonds, 3series of 1936, due 1961, at
v,
100 and 105(4 of the principal amount, respectively,
which, exclusive of accrued interest, will require
$2,550,060
16,030
._
profits taxes.
post-war and
conting—
for
other
ican
162,
$3,006,145
25,391
taxes
solescence,
From Jan. 1—
-"Deficit.—V.
596,350
$3,229,616
33,588
oper...
Fed.
deductions
1945
$893,910
136,415
Net ry. oper
proceeds,
811,085
income
exc.
Prov.
etc.,
Tr0^;,lrt£,
t
Pennsylvania Reading Scaslioie lanes
exclusive cf accrued interest, from
the sale of the new bonds, estimated to amount to $9,876,647, together
with bank loans of $800,000, funds on deposit with the trustee in the
amount of $4,202, treasury funds in the estimated amount oi $536,403,
and $600,000 to be contributed by Ohio Edison Co. to the common stock
equity ot the company,
will be used by the-company to the extent
Irequir'ed for the following purposes:
y
'
net
Fed.
476 #qo
p 1
78,479,108 81,476,890
September—
Gross from railway
Net from railway
Y.
5, N.
hai
Dr
Grcss from railway
dealer-manager
York
164,187,347 207,002,639
24,272,119
rpnts
$3,361,145
863,843
for
13,643,728
has no
PURPOSE—The
railway
Railroad retire. taxes—
fiumber of shares of new preierreu stock v/mcn are issued.
New
58,642,179
$3,869,989
876.390
BALANCE
1945—9 Mos.—1944
$
$
84,943,332 727,702,643 764,531,707
60,671,213 563,515,296 557,529,068
72,285,907
Eouin
the company.
company
l..The
revs
expens
f
$2,387,244
'
.
$4,106,005
deductions
for
income
$5
Railwa>' taxes
Unemploy. insur. taxes
ix
new
.
oper.
oper.
fc
operations
plan for the disposition of any shares ot the
preferred stock or for the retirement of the $5 preferred stock if
the plan of exchange is not consummated, or for the disposition of any.
shares of the new preferred stock which are not issued in exchange
for $5 preierred stock.
The company will file a post-effective amendment to the registration .statement withdrawing irom registration any
shares of new preferred stock which are not issued in exchange for
$5 preferred stock and,
if the plan is consummated, showing the
The
Qircfom
1945—Month—1944
$
$
,
N
♦*?u
the owner of all of the outstanding common
cf a contribution of $600,000 f the common
Co-#
Rpdnnal
Railway
thp^'ha??s oforescntl? outstanding
Wanted and^^(Trthe receinrfrom
nH!UXmn5 stocK
SSS
nf
f&»Jttlioh-ir*nt
®
nf
Railway
(a.)
new
from
1942
$8 ,872,843
5 485,604
Other income
(Excludes L. I. RE. and B. & E. RR.)
special meeting of stockholders to be
'!
oper.
Profit
Net
Period End. Sept. 30—
authorization of the new preierred stock at a
held on Nov. 8; (to) the issuance
bonds (see above); (c) the borrowing of $800,000
instalmentnotespayabkbearing
following:
the
ry.
sales
of
Gross prof, from sales
Selling and gen exps...
_+
HiarningS OI xvCglonai oySi61Tl
.
are
Learnings
726,159,196 762,946,158 729,254,466 609,241,455
164,411,571 207,758,198 241,687,666 201,522,676
income—
78,862,363
82,372.197 105,808,648
96,455,680
Famines
Cost
Prov.
September—
1945
1944
1943
1942
Gross from railway— $72,114,367 $84,760,260 $86,004,705 $77,659,468
Net from railway
13,637,580 24,293,942 28,693,777 30,939,221
Net ry. oper. income6,991,866
9,555,769
9,545,025
6,533,744
shares of $5
1,-j
Sales
V
1944
,1943
$12,693,661 $11,392,021 $10,011,827
8,587,656
7,522,032
6,650,683
1945
Gross
Famines.
RR
Pennsylvania Kit.
EST, on Nov. 1, 1945.
reject all offers of exchange
preferred stock are deposited for
(Including domestic subsidiaries)
Income
Pennsylvania
rieht to
the
shares of $5
the
of
:
2022
n
JUNE 30
.INCOME ACCOUNT FOR YEARS ENDED
15,000
—
...
15, N. Y., at or before 3 p.m.
romnanv
if less
45,000
27,000
%roo 000
162
must
New
200,000
55,000
55,000
55,000
.
total
,
t
the
First National Bank of Greenville, Greenville, Pa
will amount to 8Vb
1
;
make
to
This adjustment
date.
that
to
the $5 preferred
to the dividend on
amount equal
an
Potash Co. of America—Annual Report—
Amount
$300,000
v
Girard Trust Co.. Philadelphia, Pa.
at $107.50
During the exchange period the company has invited all holders of
its $5 preferred stock to deposit their certificates of stock for exchange
for the new preferred stock on the basis of one share of the new
who
«•••'•-•.^*■„.
-
stock not deposited for
shares of the $5 preferred
per share, plus dividends.
all
1945,
exchange
r
Public Service Co. of Colorado—Partial
Redemption—
The company has called
for redemption on Dec. 1, next, through
operation of the sinking fund, $400,000 of 4% sinking fund debentures
due Dec.
1, 1949, at 101V2 and interest.
Payment will be made atthe
Irving
Trust
Co.,
1
trustee,
Wall
St.,
York,
New
N.
Y.—V.
162,
680.
p.
,
■M
TonrSdnnn£mldrfrt 'X
S
Lri2
IV
lS inS lf
fLIJVhSh
<
pro«r funds
to To
iSSm?
ru ;onn?P
?JnstStIon
for the
loiQ.nn
««»:
of ,
additional
and
mated
The
transmission
facilities,
of
coat
3,200,000
to
in
(c),
1' $800,000) to be
Mnn11™?0'000 fr0m the sale of the
above,
includes
the
9
SUMMARY
OF
K
•
;
-
m
Tota
12 Mos. End.
f
'
,
Tctal
;S
for
Fed.
of emergency facilities,
Est.
Fed.
tax
Prov.
for
Gross
Total
272,791
The electric output for the -company and its subsidiaries
552,000
552,000
552,000
588 562
279,729
248,260
327 293
246,046
322*310
251*141
week ended Oct. 27, 1945, amounted to 123,862,000 kwh., a
7,233,000 kwh., or 5.5%, from the corresponding week of
—v- 1G2> P- 2022-
of
expense,
1,332.443
1,132,328
1,154,052
FlpptnV
Wooklv
fn
riuka
$10'5 720
$1 044 561
384:361
386,433
^
$661,808
stock—
pfd.
340^3
'
$629,287
210,000
210,000
a*
84,954
September—
,in
Gross
'
Dividends
terly
group
of
4%
April
1,
.Balance
'
1945
1944.
nTTii'ntvn
'
w.
,
mtge,
bonas,
Net ry. oper.
1943
quired,
to
roo
$115,998
30,680
54,688
26,520
447
23,462
31,097
20,292
1,099.898
245,273
1,170,156
261,49.9
1,095,792
350,684
929,823
318,542
181,762
189,954
201,619
262,159
income.._
Common
to be applied to the redemption, at $110 per share and
of such of the outstanding 98,500 shares of old preferred
be exchanged for new preferred stock under the ex¬
shall not
effect
the
funded
of
statement
to
issue
(par
OF
UNDERWRITERS
issued
in
exchange
of
for
of such shares
percentages
TO
the
of all
owner
contribution
of
the
of
STOCK
outstanding
$600,000
thereby InewwlM
Of
outstanding common
■Company
to
the
stock
common
°<
capita!
84,500,000, and
from
par)
transfer*$600009
account
repr^enfed by the
then proposes to
stock stated capital
eauitv
thp
of
$3 300 000
from
th«^
convert
28,677
12,666
16,944
790,484
3,026
*112,755
963,186
43,347
*62,621
1,111,771
238,745
113,820
1,110,461
197,115
66,460
to
earned
pmeK«wh
1
rXnantf
I
$3 900 nnn
2S
shares
^(pirC$O30l"on &tOCk <np parj' intc 150,000 £hares of
of
Tucker, Anthony & Co
4.970
6.65
William
3.35
Hornblower & Weeks
6.65
G. H.
Walker & Co
3.35
Dean
Witter
3.35
Farwell,
Corp.—
6.65
6.65
4.97
Inc.-
4.97
Bosworth, Chanute, Lough-
*;
stock
BUSINESS—Company
is
a
corporation
which
was
organized
in
31. 1930.
Company is engaged in the generation
electric energy and its distribution and
sale in 113
Gross from railway
Net from railway~
Net ry> °Per. income...
May
purchase
of
w,eU :a® In' rural areas. and
romnfliTvTiranc^c ^°Ur, mUnitCiFalities in
Grcss from railway.—
Net from railway......
Net ry. oper. income^.
—V. 162, p. 1678.
^
oL
•
BOND
the
as
Light Co.
PURCHASERS—The
respective
follows:
The
uquesne
First
principal
;
Boston
BANK
be
rate of
1%%
amounts
to
per
each
the
Drineinni
new
i:
•
of
are
$4 RP7 onn
*
<
^4,896,000
by
proposes
instalment
annum
be borrowed
notes
to
borrow
Davable
<rroo noo
Barnes ofthirXS
each
follows^
r-
u
^
The
from
are
as
banks
n
fan.uS'
8t.
ana the
&
Co.,
also
1944
V.
Co
162,
pps.
1,114,571
of
output
above
corporation.—V.
p.
3.35
Co
2.79
2.79
2.24
Company
J.
M.
Chapman & Co._
2.24
Brothers & Co
&
Dain
1.12
Co.
&
Co
1.12
4.97
2022, 1895.
1943
1942
$606,920
208,249
153,164.
$594,916
225,941
200,287
5,482,744
1,681,147
1,308,102
5,937,185
2,174,486
■
General
Net
1,394,991
4,764,985
1,644,288
1,304,250
Co.—August Earnings1945—Month—1944
.
There have been called for redemption on Nov. 30, .1945, out of
unexpended sinking fund moneys. $136,850 first mortgage bonds due
Nov" 15- 1958- at 109 and interest. Payment will be made at the
New York Trust Co., corporate trustee, 100 Broadway, New York,
1945—8 Mos.—1944
car
expenses
revenue
——_
650,751
$1,354,468
—
545,580
5,007 647
Total
Total
Total
428,154
revenues
expenses
revenue
net
-_
Operating
_—.
income
459,287
3,553 ,529
314,588
323,358
2,575 ,333
3,480,333
2,510,826
$113,566
—
revenue--^.—
tTaxes accrued
4,675,854
$2,964,417 $15,840,564 $16,989,312
Auxiliary Operations—
—
$135,929
$978 196
$969,507
1,468,034
3,100,346
16,818 760
17,958,819
820,634
2,330,492
10,929 932
13,574,052
$647,400
$769,854
828
$5,888,828
$4,384,767
•Includes—
2022..
'
1 ''
'
»•
- •
.
,
Poll-New- England Theatres, Inc.—Partial Redemption
Corp.—Output
operations—
Total revenues
$11,702,055 $12,493,550 $94,235 836 $89,552,021
27,318,892
♦Maintenance of cars—
4,567,778
3,909,343
34,069: 549
793,562
All other maintenanceCrl63,376v
Crl0,762 Crl,306 557
39,774.401
5,084,972
40,624 633
5,292,434
Conducting car opers.^
Net
162,
Co.
the
Pullman
Sleeping
Polaroid Corp.—Transfer Agent—
the
&
Engineering & Service
Utility
(The)
1518'
$614,436
192,935
"221,976
-
&
operating companies served by this corpora¬
tion
for the week ended Oct. 27,
1945, totaled 178,261,000 kwn., as
compared with 195,704.000 kwh. for the corresponding week last year,
a
decrease of 8.9%.—V. 162, p. 2023.
Electric
,
5,469,772
(1,660,653
Stern
4.97
&
Illinois
ridge
Beane
Blair
Maynard H. Murch & Co.
Pierce,
the Chemical Bank
; The Firsfc National Bank of Jersey City has been appointed transfer
agent for the issuance of warrants to the holders of the common stock
^
bond*
Corp.
LOANS—Componv
evidenced
of
of
&
Fenner
■x:
:
point south of Eiiwood City.
a
-niouncs oi tne new bonds underwritten
yth & 00., Inc.
$o
name
amounts
at
1945
$431,963
55,705
80,944
From Jan. 1-^
m the sale of electric
western Pennsylvania.
with those nf
interconnect at a number of points
over which * ^ih2onH«i ^lw°'v /L
6, Pennsylvania-Ohio state line,.
Sved Vere
inpart °f its e ectric ener^ requirements are
! * alo° an emergency interconnection with the transs
The
be made at
Pittsburgh & West Virginia Ry.—Earnings—
September—
mra,„B(<0
and
Lynch,
Period End. Aug. 31__
i
Pennsylvania
Co
Securs.
Hall
Merrill
The
and
Webster
Harris,
outstanri-
common
&
Public
)• 1350' *' '»» '»'
$63,000 of tirst mortgage
lyi^ann011^8'^168 ' due Dec" lf 1S50> at 102'/2 and interest> and
°l
martgage 41/a% bonds- series C- due Dec*
1950'
Payment will
the
.
The comPany has called for redemption on Dec. 1, next, out of
moneys in the sinking fund, $206,000 of first mortgage 4V2 % bonds,
at 100 and interest.
?
and
6.65
Co
&
Blodget, Inc.
White, Weld &
See
..
to be purchased
9.55%
—
Sons, Inc.
Rollins &
Stone
.
& TrUS' •C°" tr"Stee' 165 Br0°dWay' Ne" Y°rlt' »• Y-V' I62'
110.000
H.
Shields
Spencer Trask
.
.
of the sev¬
stock
respective
by such underwriters, ard
stock,
preferred
6.65
Brothers
Equitable
qiUD|
old
names
shares of new preferred
the 98,500
follows:
p-.
Pittsburgh Steel Co.—Partial Redemption—
•
Ovx
thprphv
to change and
26,753
$60,646
'Deflclt.-V. 162, p. 1678.
^
PHiunr,
^
stock
1,028
*10,320
150.000 shs.
^
on in
romrrnn
common
(no
FOT7TTV-
$i23,345
*8,010
*18,931
1943
1944
$97,207
STOCK—The
PREFERRED
such
of
underwriters
not
E.
1942
$116,714
3'm00°
$30)—20u.0i)0sns.
;C
COMMON
Trt
1945
and capital stock adjusted to give
series A bonds and
stock, see V. 162, p. 2022.]
debt
the company of $22,500,000
by
98,500 shares of new preferred
Lehman
From Jan. 1—
Gross from railway
Net from railway
Net ry. oper. income—
\
$9,793,000
800,000
\TZfS
stock
^coNTRTmrrmM
•'L.UJN IKISUHON
payable quar¬
at option of
proceeds, 'exclusive of accrued dividends, to be
from the sale to underwriters of the shares
net
Glore, Forgan & Co
Net frora railway
"Outstanding
estimated
Undefienated
v*
are
are
eral
September—
Gross from railway
cS0 tpatti
oaVtanri.n^f
hfi
and
Redeemable,
by the company
as
IFor
1942
$140,242
Pittsburg Shawmut & Northern RR.—Earnings—
$40f,003
due
——:—
V-17
nfd
1945,
1.
change offer.
1944
$129,295
Net ry, oper. income—
Authorized
series,
Rtf.PL-
4 25%
"
$494,228
1
v
2?/«%
Bank-teans
preferrort
$419,287
—.
•
.
First
1,
Oct.
new
stock
~v- l62> P- 1G78-
FUNDED DEBT AND CAPITAL STOCK
'
i'l
$451,808
—...
,"r>:
Oct.
and
1
preferred stock not issued in exchange, together with such addi¬
tional amount from the general funds of the company as may be re¬
of
dividends,
8,698
Gross from railway
Net from railway
000
39,598
—
"
from
July
at any time or in part from time to time, upon
not less than
30 days' published notice, at $107.75 per share
if re¬
deemed on or prior to Jan.
1, 1950, and at $105.75 per share if re¬
deemed thereafter, plus dividends.
whole
in
Kidder, Peabodv & Co
?
formal
made
cumulative
are
1,
Jan.
company,
PURPOSE—The
$117,675
railway
From Jan. 1—
$650 601
*210
210*000
from
Net from railway
Nefc ry' °per* income—
3J9 94?
$704 228
stock
;
31
issue
new
„
90 522
x<>
_
Oct.
on
a
received
for the
decrease
Pittsburg & Shawmut RR.—Earnings—
48.240
of
Ontnnt
rniiaaeipilia HileCtUC CO.—WeeKiy UUtpUt—
973,868
31 160
<J1,16U
'^
etc.
,
Philndclnhin
in-
deducts"
pfd.
on
-^mort.
2,388,113
291,205
282,894
income
<
y.
$5,855,580
3,025,537
327,314
248,260
.
Income
Divs.
$6,725,648
3,534,676
$1,046 169
State
income
Net
tlncluding provision for contingencies $450,000.
679
n
$7,171,187
——„
_
est.
162
324,275
tax„
tax
come
_„v
banking
headed by Glore, Forgan &
public offering of shares
preferred stock (par $100) at
$102.75 a share and accrued dividends, recently awarded
to the group at competitive bidding. Of the 98,500 shares
of 4% preferred stock, 69,641 shares are to be issued in
exchange to holders of the company's presently out¬
standing 5% preferred stock, pursuant to the company's
offer of exchange.
The remaining 28,859 shares are to
be purchased by the several underwriters.
Co.
ne
profits
excess
(net)
Years Ended Dec. 31
fered—A
199
$1.05
3,581,798
—_
income
srq
...
1942
—
taxes
Est.
1
$0.92
1943
depreciation—
General
ira nno
'
l,o00,000 shares
1944
i-
Maintenance
Prov.
<ti
on
3 270 600
July 31,'45
,
revenue
operation
onn'nnn
3,270,600
q^'nnn
$7,458,361
•>'
gross
1'rfifi'nnn
in—
income
112,916
$6,783,313
"Including $450,000 in 1945 and $365,000 in 1944 for amortization
EARNINGS
^
;
t
Earnings per share
'
S6?Tli?2
4,935,000
Exce-ss Profits tax
deposited with the trustee, plus the $600,dOO to be
contributed by Ohio Edison Co; to the common stock
equity of the
company and treasury funds in the amount of $200,000.
V.;:..
$7,992,097
fn^nmpTaY "ftnH~Ri"irt«i
ExcSs n?ofit5 tax
euitax
$2,400,000
new bonds-'Plus the bank loans
of
188,644
income
Grogs
1.000.860
1.227.008
-----
Othei income
esti-
an
—
referred
$3,200,000
at
0P'3rat,0"s
1944
$21,182,864 $18,106,138
11,348,467. 9,699,481
803,935
735,400
Se,,lng' general antl administrative expenses..
'
'
frora
;<
Public Service Co. of Oklahoma—Preferred Stock Of¬
1945
9 Months Ended Sept. 30Gross sales, less returns and allowances
Cost of K°°ds sold, excluding depreciation
Provision for depreciation --
n'f
inn
'
(Chas.) Pfizer & Co., Inc.—Earnings—
$6,697,753
876,204 '
Depreciation
adjusts—
Depreciation
-•
tlncludes—
Payroll
U.
S.
profits
—V.
•
-
taxes
Gov.
162,
___■
inc.
taxes
p.
Cr405
&
7,020,299
'S'SSS
Crl2,616
418,228 V
3,478,871
exc.
———
2023.
>440,901::
879.202T
172,271
1,724,112
5,739,766
931
1
K.• ,f:.,yi;^.r;;,v<;
f,
;*.»>:
•
v;i.>♦:•■• #.
»•
:
Radio
THE COMMERCIAL &
„■
»
*.4i
.
television
new
camera
Republic Natural Gas Co.
CONSOLIDATED
-
«
design and sen¬
sitivity emerged from wartime secrecy on Oct. 25 for exhibition by
this corporation in a series of studio and remote pickups in which
it not only transmitted scenes illuminated by candle and match light
but performed fhe amazing feat of picking up scenes with infra-red
rays in a blacked-out room.
A
of. revolutionary-
tube
>
television
scientists
engineers
and
to
pace in response
to military requirements.
The
television
need
urgent
Prov.
104,015
95,391
revenues
$3,706,329
$3,397,547
1,920,598
1,547,870
1,358,141
-i—_
;—
and depreciation
amortization
and
for
Fed.
and
inc.
state
income
Net
944,411
;'"i% 896,761
65,868
100,887
155,150
258,100
811,787
$1,492,016
$1,005,662
$2.06
—..
$1.39
V $801,340
v
.$1.10
The earnings of the natural! gas division for the fiscal year ended
June 30, 1945; after royalties, operating
expenses, and depletion and
depreciation,
the
prior
cubic
with
amounted
The
year.
feet,
or
to
$1,016,864
unit
daily
a
sales
compared
as
of
of
average
natural
gas
108,214,000
with
$748,642
feet
as
to
super¬
gas
or
the
prior
Announcing incorporation of the Image Orthicon in a new
sensitive television cameia to be manufactured by RCA Victor,
General
Brunet,
and other public buildings."
'
churches, courtrooms,
schools,
162, p. 2023.
earnings
expenses
Int.
deb.
paid,
1943
1942
$528,263
352,097
$562,118
315,307
.
at the
Net
137,950
131,810
150,176
—
158,900
Earns,
share
per
term
earned
the amount
in
debt
Nil
$0.15
$0.34
SHEET, SEPT.
30.
for
reasons
it
is
to arrange companies in exact
However, they are always as near
not
always
15,
of
crease
and
1947,
current
installments of $300,000 each
The foregoing resulted in an
the company's long term debt,
$200,000 in
STATEMENT
AT
OF
ASSETS
JUNE
AND
current
Accrued
on
in¬
St.
The
6%
168,687
$3,100,000
142,252
79,203
Republic Investors Fund, Inc.—Earnings—
INCOME STATEMENT FOR NINE MONTHS ENDED
SEPT. 30, 1945
91,950
Stock
dividends
:
Interest
Total
——
$39,677
income
17,899
Expenses
Interest
-'
bonds—
on
Amortization of debt discount and expense
Provision for Federal income taxes, applicable to income—
Net
income
(before
profit
or
loss
transactions
from
Net
11,205
1,325
235
in
9,012
securities)
profit realized from transactions in
average cost
-—
securities based
upon
BALANCE
—
SHEET, SEPT. 30,
$95,521
value
total.
$1,365,551.
_
.
$1,000
per
purchased but not received, $36,115;
purchased but not received, $4,638; accrued
taxes, interest and expenses, $4,387; dividend payable, preferred stock,
$2,338; due for redemption of scrip certificates and fractions of shares,
\ $838; collateral secured 4J/2% convertible bonds,1 series A. due Feb. 1.
i 1950,
$332,000; 6% preferred stock, series A, convertible ($10 par),
$47,070; 6% preferred stock, series B ($10 par), $108,800; common
for
stock
v
($1
income,
V profits
capital
shares
par),
$1,121;
and
$230,769; capital smnlus, $1,041,527; undistributed
special surplus,
deficit
(arising from net realized
from transactions in securities),
$444,552; total,
losses
$1,365,551.—V.
162, p.
818.
.
;.r
.
V
has
companv
St. Joseph
market
80%
or
3,789,527
; - 269x090
; - 403,245
'
"43,048
44,150
236 942
holders
•
1930.
See St.
1,
1399.
p.
upon
Gross
Net
from
from
Net
market
no
the
asset
All
the
of
assets
of
20,
the
1945
corpora¬
value."
debentures
value,
has
consistently been higher
limit prescribed in the
maximum
a
of
debenture
debenture holders
to
endeavor
In
holders
tender
position to
the maturity
that a very
a
their
debentures
at
the
time
of final
dissolution.
434,278
-
trustee,
i'
140
Broadway,
New
•
?
*.<
•
Co.—$941,.
c
'
pp. 882
»
and 716.
ry.
1943
ry.
$1,232,558
$1,041,726
392,615
547,706
0/, 170,043
535,359
255,046
122,491
125,909
13,861,910
14,568,103
5,966,183
1,670,871
n'j
income
oper.
162,
1679. '
p.
1942
$1,239,126
185,537
income
oper
1944
$917,594
>,"C)
■ •*"
>'
V■
.
12,317,960 "
8,791,283
6,878,664
6,597,051
3,974,165
1,877,461
2,097,188
2,540,581
•
St. Louis-San Francisco
Period End. Sept. 30—
Net
ry.
1945—9 Mos.—1944
$10,021,495 $90,533,788 $90,260,809
6,827,435
62,191,360
61,575,838
1,049,997
1,662,840
13,150,939
12,945,733
46,373
,29,157
347,891
•
6,873,065
income
oper.
Ry.—Earnings of System-
1945—Month—1944
$8,829,154
262,647
,
$1,096,370 ? $1,691,997 $13,498,830
$13,208,380
5,477
4,524
51,795
42^472
Deductions from income,..
Balance
available
fixed
"After
charges
.
for
"$1,090,893
,
$1,687,473 $13,447,035 $13,165 908
deductions of $262,911 in
September,
1945,
and $10,427,168 in
nrnf?tc "J3,0' 1 compared with 1945, ^ estimated income
t0 Sep!i.' 3?%
taxes
$1,064,000
in
month
the first nine months' period last
year.—V. 162,
Hearings
Nov.
14
plan.
claimants
for
The
of
all
and
excess
$10,994,238.68
p. ,2023.
Plan—
on
Judge George H. Moore of the
set
and
a
hearing
plan
has
classes.—V.
IT.
S.
the
on
been
District
160, p.
Court
confirmation
approved
2023.
by
at
of
St.
Louis
the
two-thirds
reorgani¬
of allowed
.r ...„j
-
is taking steps to dispose of its worthless securities
in
banks,
AS
AT
$481,445;
JUNE
special
30,
$1,572,650.
total,
debentures
LIABILITIES—5%
.^
'
.
for
purchase
and
due April
!
.
debentures,
on
$22,076;
corporation was
purchase, redemption
(by
reserve
1,
required by the trust indenture to
dr otherwise) on or before April 1,
leave
outstanding debentures of the
than $687,980.
In case the corporation
restrictions cannot, retire debentures as
not be in default if it shall have set
equal to the principal amount of the
debentures the retirement of which is otherwise required.
Under the
terms
of this provision of the
indenture, the corporation has set
aside an amount of $1,078,120 in a special fund for the purchase; and
redemption of debentures.
sufficient
all
of
holders
of
debentures
to
the
debentures
shares
of
have been
preferred
stock
paid,
cancelled,
entitled,
dissolution
are
in
or
retired,
the event
liquidation
voluntary or involuntary
or
remaining assets, to $145 per share before any
to be paid to, or any assets distributed among,,
the holders of the common stock.—V. 161, p. 920.
redemption
there
or
are
1945
railway
Net ry. oper.
income—^
Net
24,926
1942
$414,772
217,523"
275,232
:v
11,315
3,033,014
'
•'
113,955 *
1,103,466
income—
3,219,712
1,334,822
•
286,128
326,833
1,673,204
?
818,989
2,381,120
1,097,862
765,707
1679.
p.
Salsbury Motors, Inc., Los Angeles—New
See
239,537
f
railway
oper.
162,
58,557
railway..2,945,550
from
from
—V.
1943
$388,792'
$266,908
88,551
From Jan. 1— ;
Gross
Ry.—Earnings-
1944
v
>-
$289,613 fc,
Avion, Inc. above.
Name—jf/
.
y
San Antonio Uvalde & Gulf RR
September—
Gross
Net
1945
„
from
railway
railway..
from
Net ry.
oper.
-
1944
1943
$194,750
$265,244
$265,303
14,272
30,821
80,186
Income...
"24,511
"17,063
9,017
2,016,887
2,119,438
1,978,057
1942
$156,461
; 24,584
*11,997
From Jan. 1—
Gross
Net
from
from
Net ry.
railway
railway
oper.
112,473 i
Income
79,660
"376,110
514,426
"399,893
T.
36,675
1,326,781
122,662
"241,539
"Deficit.—V. 162, p. 1679.
any
permitted
San Diego Gas
& Electric
Co.-
-Earnings—
Years Ended Aug. 31—y
Total
operating
Operation
.__
Maintenance
:4*/: 1945"?® ;
revenues
and
repairs
of
than
(other
Provision
Net
limted-term
Federal
for Federal
operating
taxes
investments
•
income-
...
2,665,000
$2,217,310
$2,180,346
150
4,880 /V
.
$2,222,190
-
income deductions
Net
1
surplus, beginning of period
Total
664,423
$1,570,536
on
Dividends
Earned
on
preferred stock...
common
surplus,
Aug.
stock
.
.
*_
surplus
Dividends
$2,180,496
651,654
income
Earned
414
1,472,239
3,600,000
—
Other Income
Total
408
1,589,425
income
income
946,045
1,905,214
......
income)
on
9C0.204
2,005,727
*
—„
Depreciation
Amortization
1944 >
$17,337,397 $15,907,388
7,024,321
6,738,128
...
$1,516,073
for
principal amount of not more
does not, or due to indenture
required, the corporation will
aside in a special fund, cash
are
Net from
Gross
7_
1946, $1,766,100; accrued
sundrv charges and ex¬
penses, $938; Federal and state taxes accrued, $397; preferred stock
($10 par value), $99,150; common stock (50 cents par value), $36,643;
capital surplus, $4,011,506; less deficit of $4,369,259; plus unrealized
appreciation on investments: (increase in market value of investments
between Nov. 18, 1940 and June 30, 1945), $5,100; total, $1,572,650.
After
September—
Gross from railway—..
Taxes
1945
fund
redemption of debentures, $1,078,120; investments—at indicated market
values at June 30,
1945, $12,600; dividend receivable, $150; miscel¬
laneous sundry debtors, $30; office furniture, $25; prepaid insurance,
interest
St. Louis-San Francisco & Texas
to
the
BALANCE SHEET
if
591,293
Redemption—r
From Jan. 1—
has
the
of
corporation
to
sums
3,186,001
.
If
1945
railway
railway—__
Gross from! railway...
Net from railway_—.__
.
been
have
advance.
and
J.'.65,186
St. Louis Brownsville & Mexico Ry,—Earnings—
1945
prospect of any payments to preferred or common stock¬
final liquidation.
Since all securities having mark»t
no
ASSETS—Cash
of
,
;;
3,444,911
Joseph Light & Power Co. above.—V, 162/
September
in
liquidate the R. 8. Reynolds settlement agreement
event of timely disposition of these two matters,
the corporation should have its final accounting ready for approval
by the State Court of the State of Delaware shortly after April 1, 1946.
The program of the corporation is designed to expedite the payment
of the remaining assets of the corporation to the debenture holders as
soon
as practical when permitted
by the Plan of Reorganization, i.e.,
after the maturity of such debentures.
*
•
.
80,835
68,934
for redemption on
Dec/1, next $941 000
Light, Heat & Power Co. first mortgage 4%%
1&47, at 100 and interest.
Payment will be made
profits
the
number
distributable
the
,
'
St. Joseph Railway, Light, Heat & Power
000 of Bonds Called for
Redemption—
2,295,542
sold, and since the corporation is barred by the
Reorganization Plan from investing the cash on
hand (even in Government bonds), the corporation receives no income.
Payments of interest, therefore, correspondingly reduce the amounts
1945
43,296
$375,855
called
162,
Net ry.
provisions
retire
1942
89 002
Railway,
bonds, due Dec.
$12,088,311 $10,778,439
—
debenture.
value of
the
of
of
view
$280;
1
'
-
71,040
^UhevG^ra^Jrus^^' corporate
xors, w, x.—v.
3,548,090
liquidated, with the exception of the R. S. Reynolds
and with the exception of the securities believed
NOTES—The
'
'
,
LIABILITIES—Due for securities
due
The
of
2,295,403
on Sept. 27, said in substance:
Corporation's debentures on Sept.
the
of
"uncertain
the
The
'1943
St. Joseph Light & Power Co.—Partial
4,677,509
agrement,
There is
in
162.
,
15,765'
repurchase before April 1, 1946, at 80% of their asset value.
Since
debentures
and
the
preferred stock will undoubtedly be still out¬
standing on April
1, 1946, the voting trustees will be under duty
forthwith to dissolve the corporation,
pursuant to the voting trust
agreement, dated Dec. 5, 1940.
1945
$340,570; dividends and
interest receivable,, $2,137; marketable securities owned, at cost (burrent market quotations, $1,143,625), $1,014,274; prepaid expenses, $913;
debt discount
and expense, $7,657; office furniture and fixtures, $1;
ASSETS—Cash in banks (held by custodian),
>
162, p.
-1944
-
3,890,857
222,327
railway..—.i.
"Deficit.—V.
1,450,944
for
and
-V.
':
■'
$434,599
Net_;ry. oper.income_.« <'
155,150
24,633
1,450,926
—
above, the corporation will not be in
pay the face amount of the debentures on April 1, 1946,
date
of
the debentures,
except In the unlikely event
$36,741
1.534
1,402
Cash dividends
Net from
70,697
During the 12 months ended
30, 1945, the face value of the debentures tendered for redemp¬
aggregated only $2,000.
This is presumably due to the fact
value
states:
stockholders, including J. A. and Lee A.
Ramsey, have entered into an agreement to sell their common stock.
It was not disclosed to whom the sale would be made.
"It was stated that if conversion privilege is exercised the preferred
holder would have to- accept the same terms as proposed for holders
of present common, namely, 30(4 in cash of an agreed sale price of
$27 per share, with'the remaining 70%
in 3% notes to be gradually
liquidated through payment of 30% of company's net earnings each
year beginning Feb. 15, 1947."—V. 151, p. 3251.
4
common
above
Langmuir, President,
asset
$861.54
In
Corp..
$469,524
-
From Jan. 1—
Gross from railway
122,342
Reynolds Realization Corp.—Semi-Annual Report—
Dean
Te.egraph
$430,520
28,365
1,525
•
expenses..
$3,300,000
reserves
to
1945
.
railway—
Net from railway
Net ry. oper. income—
oper.
provision for depletion and depreciation of $6,136,554 in
in 1944.—V. 162, p. 1678.
substantial
"Globe-Democrat"
Louis
principal
September—
Gross from
zation
June
convertible preferred stock,
par $20,
have been called lor redemption on Nov. 15, 1945, at $21
per share and dividends amounting to 60 cents per share.
The stock
is convertible
into common stock on a sr»are-for-share basis.
It is
understood that there are somewhat less than 15,000 shares of the
preferred issue outstanding.
The Mississippi Valley Trust Co., St.
Louis, Mo., is registrar and transfer agent.
"The
2,284,527
Rutland RR.
1944
$5,633,211
alphabetical
quire Common Stock.—
The
2,986,946
t.
V'.■'•;Vf."!Vv *■;
Total
__4
__
"After
alphabetical
Accessories Manufacturing Corp., St. Louis,
Mo.—To Retire Preferred Stock—New Interests to Ac¬
of
11,321,529
2,488,638
Telephone
315,103
payable
Total
and
tion
shares
15,274,637
f-;v.: "v/-
revenues
takes
to have
Ramsey
outstanding
431,176
19,783,83^
1,592,749
oper.
Capital stock (par value $2 per share)
Capital surplus
Earned surplus
._!
than
the
.,283,684
27,657,075
16,489,310
inc°me
and
1,660,508
W
■■■>■
1519.
p.
International
1808.
Net
indenture.
of
162,
Total
debt
liabilities
1942
$2,599,325
8,723,359
375,746
expenses
Income
Other
1943
$2,890,605
1,645,795
Rochester Telephone Corp.—New Contract—
See
•
LIABILITIES—
Accounts
1944
1,589,405
28,628,314
$12,088,311 $10,778,439
term
co-
$100 par.
-,.261,506
income—i.
oper.
375,527
assets
Total
that
All
ry.
$9,965,46'/
assets
Long
appointed
25,481,023
?
$11,183,262
506,615
*
hand
on
1945
"603,964
•;
22,688
and
been
$3,011,365
income
oper.
•Deficit.—V.
LIABILITIES
1945
banks
in
has
30
"Properties
Cash
York
$2,298,551
"1,931,744
from
—V.
CONSOLIDATED
settlement
possible.
as
from
<{■*;,v
•
Other income
$1,505,000;
mechanical
Net
*'
long
$400,000.
purpose
New
were
its
on
repayable in
Jan. 15, 1948.
annum,
tion have now been
position
they
installments
per
2%
was
order.
than
greater
are
1945
employees' takes withheld,
$4,376; employees' war savings bond funds, $195; preferred dividend
payable Oct. 20, 1945, $12,754; instalments due within one year on
sinking fund debentures, $41,000; interest accrued on sinking fund
debentures, $10,467; expenses accrued, $13,956; miscellaneous taxes
accrued, $9,981; reserves for Federal income taxes, $68,433; 5% con¬
vertible sinking fund debentures, due Dec. 1, 1956, $587,000; 30-cent
preferred stock (par $12.50), $797,138; common stock, class A (par $1),
$133,502; common stock, class B (par $1), $5,000;
capital surplus,
$281,633; earned surplus, $187,061; total, $3,201,895.—V. 162, p. 1399.
payable,
ry.
;r.
railway
railway—.
railway
Net from railway
future
of
Other
is not included.
including cash items, $329,502;
U. S. bonds and notes,
at cost, $50,100: instalment notes receivable
(net), $2,689,523; deposits and miscellaneous receivables, $269; bash
value,' life insurance, $6,494; estimated refunds of Federal income and
excess
profits taxes due to carry-back provisions of Revenue Act,
$20,549; cash deposited with sinking fund trustee for retirement of
debentures, $2,000; deferred charges, $62,227; furniture and fixtures
at cost, less depreciation, $41,230;
total, $3,201,895.
possible
gas
for
this
41,830
interest actually received; accrued in¬
CONSOLIDATED BALANCE
NOTE—For
and
held
acreage
available
ASSETS—Cash in banks and on hand,
LIABILITIES—Notes
oil
gas
ASSETS—
collected
not
of
36,484
$0.27
but
of
and
beginning of the fiscal year.
the year the company prepaid
Other
terest
reserves
oil
The development program was
involved expenditures of funds in excess of the
on
earnings include only
"Gross
$87,911
40,036
6,725
stock
common
$38,215
$58,718
38,278
$74,749
38,263
—
dividends
dividends
Proven
in
operations.
In order
to provide for such expenditures, an additional bank loan was made
in January In the
amount of $600,000 bearing interest at the rate
income
Common
ownership
During
Jan.
Preferred
its
of
From Jan. 1—
Gross
acquisition and
amount
disct. &
prov. for
taxes
come
the
abnormally large and
—
(net),
doubt,
notes,
smort.
of
intang., Fed.
in¬
exp.
expanding
reserves.
1944
$552,293
361,765
$609,556
384,631
—
Operating
"
1945
30—
9 Mos. End. Sept.
"Gross
of
Earnings—
(& Subs.)
Railroad Employees' Corp.
to
year
charged to earnings as non-productive development expense amounted
to $49,272.
The foregoing resulted in an increase in the gross value
of properties of $1,721,138.
During the year the company drilled 63
wells of which 20,
including 3 partnership wells, were oil wells and
30, including 1 partnership well, were gas wells and 13, including
4 partnership wells
were dry holes.
Extensive additions were made
to
the gas gathering facilities.
The company continued its policy
and can be quickly set up and placed in operation.
It is
particularly adaptable for use in televising out-of-door sports and
news events and for remote indoor pick-ups such as in theaters, con¬
operate,
halls,
amounted
During the
year.
development of
properties amounted to $2,211,478.
The cost of producing properties
and equipment charged to the reserve for depletion and
depreciation
amounted to $441,068.
The cost of undeveloped leases forfeited and
"This
—V.
division
oil
Expenditures in connection with
new
long-felt
cert
production of
$17,506 as compared with $11,349 for
the company disposed of its invest¬
ment in the Corpus Christi Warehouse* & Storage Co.
realizing a profit
of $9,819.
C/;T!/' ' !■'
Manager
super-sensitive RCA Victor television camera will fill a
need in the television broadcasting field," said Mr. Brunet.
equipment is especailly well suited for televising events remote
from the studio and those where brilliant lighting is either imprac¬
ticable or undesirable.
The portable camera is light-weight, simple to
"Tht
Net
for
Meade
Gross
processes,
from
from
30,126,460,000
amounted
television pick-up tubes but in electron optics, photoelectron multipliers, and special materials.
in
only
emission
Net
compared
cubic feet, or a daily average of 82,313,000 cubic
feet for the prior year.
The earnings of the oil division for the fiscal
year ended June 30,
1945, after royalties, operating expenses, non¬
productive development expenditures and depletion and depreciation,
-
Bank
Richmond Fredericksburg & Potomac
RR.—Earnings
-?September—
39,498,029,000
were
cubic
City
p^lBgb000 ShareS cumulative Preferred stock of
162
Gross
168,180
91,950
taxes
Manufacturing Co.—Co-Registrar Appointed—*
National
1,808,886
of
the company's Engineering
Products
Division, said that deliveries on the camera are expected to be made
to television broadcasters in about six months.
not
—V
$1,500,991
$615,464 as compared with $501,706 for the prior year.
oil, exclusive of that produced for partners, was
1,739,300 barrels, a daily average of 4,765 barrels, as compared with
1,500,822 barrels, or a daily average of 4,101 barrels for the prior
year.
Other miscellaneous income not applicable directly to either the
use
The
87,670
$4,514,843
——____________
Earnings per share...*
Engstrom said, emerged
Image Orthicon tube, for example, Mr.
30
1943
..
Many advances were made.
A
JUNE
: 1
2,293,847
•
•
for depletion
Prov.
present
case.
ENDED
1944 '
$1,690,690
1,920,249
______
Interest
transmission.
for television
form much sooner than would normally have been the
military secret until now, it can be revealed that it makes
of the most advanced results of more than 20 years of research
its
in
of
found
YEARS
$2,116,981
Expenses
improve
the conflict RCA
quality
FOR
Rheem
•
When war came, the armed
applications, and throughout
research and development continued at an accelerated
the
forces
sales-!!
gas
production
Total
Declaring the Image Orthicon to be 100 times more sensitive than
pick-up tubes, E. W. Engstrom, Research Director of
Laboratories, Princeton, N. J., explained details of the develop¬
ment of the tube.
He said that early models were built before the
RCA
Oil
Other
conventional
of
ACCOUNT
1945/'';'!//
Natural
RCA
efforts
INCOME
Revenues:
,
Image Qrthicon, Was demonstrated
to
newspaper
and magazine
writers in
a
studio of the National
Broadcasting Co., Radio City, New York, N. Y., with the cooperation
of NBC's engineering and production staff.
in
21$9
(Del.)—Annual Report—
'
The new tube, known as the RCA
war
FINANCIAL CHRONICLE
r„x-?■ '--y:
New Television Camera
Corp. of America
Tube Demonstrated—
-
V
;
.<.fr.v^vi
Number 4435—
yolume 162
:
.
.
;
2,386,899
2,245,825
$3,957,435
$3,761,8^9
.
375,000
375,000
1,000,000
1,000,000
•
31—$2,582,435 ■; $2,386,899
NOTE—Federal taxes on income for the' periods under"
report include
provision of $752,000 for income taxes and $2,848,000 for
excess-profits
taxes for the year ended. Aug.
31r-1945 and $751,000 for income taxes
and $1,914,000 for
excess-profits taxes for the year ended Aug, 31, 1944.
—V. 162, p. 500.
/•
/•
*
■
■
Sanger Bros., Inc., Dallas, Texas — Preferred Stock
Offered—An issue of 22,000 shares of 5V2% cumulative
preferred stock (par $30) was offered Oct." 19 by
Stifel,
Nicolaus & Co., Inc., Dempsey-Tegeler &
Co., A. G. Ed¬
wards & Sons, Rauscher, Pierce & Co., Reinholdt &
Gardner
Prescott, Wright,
Snider Co., Dittmar &
Co.,
The offering price to
Dowdall & Co.
public was $30.50 per share.
and Wm. F.
-
Registrar:
which are
and
children's
and syn¬
notions and patterns;
and wall¬
paper;
sheets, linens and blankets; china, glass and silverware;
electric
refrigerators, radios, gas and electric stoves, and sewing
sod
washing machines;
toys; luggage and leather goods; books
and
stationery; mirrors and pictures; Jewelry, watches and watch
repairing; drugs and toiletries; and groceries and meats. Also included
in the store are a photographic studio, optical department, beauty
salon, and soda fountain and luncheonette.
Operated in connection
-with the store is a garage
in which gasoline, oil and automobile
maintains more than 130 departments in
complete men's and boy's furnishings; ready-to-wear
accessories for women, misses and juniors; Infants' and
things; piece goods of all kinds, including silks, woolens
thetics, and all sewing accessories, such as
furs and fur storage;
furniture and upholstering; paints
-
of certain of the above-mentioned
curtailed as a result of wartime
accessories are sold. Although sales
lines of merchandise have
been
:
shortages,
of such sales will follow
have been
its relations with them
satisfactory over a long period.
GIVING EFFECT TO PRESENT FINANCING
it is anticipated that resumption
as soon as stocks can be secured.
••-'/, The company has over 900 mployees and
'
:••
generally
CAPITALIZATION
cumul. preferred stock
Common stock (par $5)
notes payable
5%%
".*•
i
Outstanding
Authorized'
•
22,000 shs.
tl07,119shs.
22,000 shs.
200,000 shs.
(par $30)
"$150,000
•On June 29, 1945, company borrowed $75,000 from First National
IBank in Dallas (Texas)" and $75,000 from Republic National Bank
of Dallas (Texas) and has given as security for each such obligation
Lamar Realty Co. first mortgage
6% income sinking fund bonds,
series B with warrants attached, in the principal amount of $100,000.
Payments of principal in amounts of $12,500 are to be made on
each such obligation on Jan. 2 and July 1 of 1946, 1947 and 1948.
(Subject to the exercise of an option granted E. P. Simmons for
the purchase of common
stock up to 5,000 shares plus shares in
thereof in the same proportion as the number of shares, of
any dividend payable in common stock bear to the total number of
shares of such class
outstanding prior to such dividend, including
additional shares so as to be computed following the declaration of a
33%% stock dividend on common stock paid on Aug. 20, 1945.
PURPOSE—The net-proceeds are expected to be added in the first
Instance to the working capital of the company, to be available for
general corporate purposes.
Company intends that the amount so
added to working capital will be used for the modernization of the
interior and exterior of the premises occupied by the Dallas retail
department store and for the installation therein of air conditioning
—
excess
<
equipment. ~ V
UNDERWRITERS—The names of the principal
to be underwritten by each are
the amount agreed
v
/.v..-.--
v
■
Shares
r.:,
.
Prescott, Wright, Snider
Dittmar & Co.1
3.500
Dempsey-Tegeler & Co
A. G. Edwards & Sons
(tauscber, Pierce & Co
3,000
Wm. F. Dowdall &
3,000
6 Mos. End.
1944
Jtlne 30, '45
Of
excl..
sales
jBross
_—
Net
No.
profit
of
•—V,
$60,220
122,700
$0.54
$0,47
shaie
per
Interest
.
$84,168
122,700
$0.57
$80,355
122,700
$75,616
122,700
—
shares.
common
Earnings
$0.55
-
Net
Seeman
be
to
Stock SpliMJp.—
Inc.—Proposed
Brothers,
stock
issued
Nov. -14
vote
profit
122,167
share...
'
$0.20
•On 400,000 capital shares.—V. 162,
•Earnings
per
$0,30
p. 716.
market
•
employee
Dollar Mark—
publication
to
the
the
of
individual
two
Assistant
McDougald,
A.
ry.
Net
—V.
Operating
revenues
•Special addition
to
210,961
$949,652
130,943
Total
Other
$1,044,224
414,579
:
earnings
charges
interest
$663,473
335,678
after
for
Balance
1942
,v
-1943
1942
$165,614
.
66,947
"
19,483
$171,942
85,487
'
40,146
.
,
1,562,169
22,796
1,521,667
" 712,450
233,304
497,703
179,925 *
196,638
1,109,123
502,816
261,589
'
' "V
r
4
.
(Indiana)—To Expand Plantcorp.
below.,—y. 162, vp;
1679.
•
1945
.
renegotiation-
—
$14,^32,323
renegotiation——
and
Cost
,
■
1,005
income:
,
16,840
income
of
$17,604,038
•
„•
investments—
miscellaneous
"1944'
-
$14,332,323 $18,504,078
_j__i__ •
900,006
18,187
7,128
16,683
$14,350,168 $17,64^076
products
toldl———
12,167,407
15,150,059
Research,
236,616
96,568
Selling,
527,451
417,122
62,875
121,446
engineering,- and development exps._
administrative and general-expenses-.
Interest charges and commitment fees
deductions
for
Provision
Federal
of
over
150,000'
and
surtax,
declared
280,000
Federal
taxes
excess
arising from
profits credit
309,200
594,000
tax
tax, less credit ot refund, portion
unused
ceding
Net
tax,
excess-profits
of
1,562
plants.
of
income—estimated:
on
income
value
777
_r_
reconversion
post-war
taxes
Exc. profits
$2.47
118,938 common shares.
Earnings per share on
<
received,
taxes.
$493,675:
State
surplus,
receiver, lesp foreign inp. tax.thereon:
subsidiary mot consolidated*
other
Total
$293,967
$2.75
preferred stocks
deferred
not
p". 818.
Canadian
Interest
-
$629,645
335,678
$327,795
income
Net
but
51,246
k
___ —
Reduction
Dec. 31-
1943
etc
1944
,
$162,163
Webster Engineering
provision
Normal
Net
Total
1,500
1,000
Co
earnings
income—net
•
'
sales
Net
$904,398
139,825
reserve
$608;
■
162, p. 1679.
Less
301,001
income
estate,
for Federal and
reserve
1,658,009
609,106
Years Ended June 30—
Net
138,358
294,060
475,069
203,556
& exc.-profits taxes
inc.
-
-
Standard Products Co.—Annual Report—
$3,741,939
1,425,493
$1,080,595
417,121
than Federal
Fed
for est.
Prov.
™
■
From
155,036
292,097
481,508
355,937
depreciation
for
Provision
Taxes—Others
1945
purchased
13,661'
income—
oper.
See stone &
1944
$3,951,214
1,506,019
-
Operation
Maintenance
real
stock
11,109
from
From
1945
30—
$387,121;
~
$140,755
Standard OI1 Co.
Electric Co.—Earnings—
Ended Sept.
SEPT. 30.
1945
•
railway—
railway
Dividends
Months
applicable to
a
' regulated
as
<
for
railway—
from
railway
ry.
oper.
income—
Net
subsidiary, has left New York for Ethiopia, to
for the company in Addis Ababa.
This is the first
agreement between the Ethiopian Government and the
Sinclair company,
for development of the petroleum concession re¬
cently granted the Sinclair company.—V. 162, p. 1930.
12
taxed
From Jan. 1—
the
Sioux City Gas &
liability
be
-
from
Gross
office
an
in
•
tax
to
stock
<$l
par),
$81,781;
capital
surplus, £>r$48,386; total, $540,257.—V. 162,
from
Net
wholly-owned
a
open
27,968
income
has elected
$443,188),
September—
Net
the
of Sinclair Petroleum
President
to the
;
$7,080
based
Spokane International RR.—Earnings-
Addis Ababa—
Sinclair Oil Corp.—To Open Office in
Co.,
company."
securities
common
Gross
company.
trustees of
in
%
—•
Federal
for
company
quotations,
earned
fund by
the Harris Trust & Savings Bajik, Chicago, which is the third trustee,
refers to the regular periodic review of the securities held in the trust,
and sets forth an analysis of the account.
Taking bonds at their par
value and stocks at their market value, U. S. Government bonds were
$603,500, preferred and common stock of the company amounted to
$415,734, and cash was $8,066.74, for a total of $1,027,300.74.
Approximately 95% of the eligible (six months service* employees
of the company are participants in the fund.—V. 162, p, 2024.
addressed
letter
in
5,836
,A
transactions
*
sharing
profit
employee
"Signews,"
step
as
capital
$11,332; accrued expenses, $1,043;
fund of this company has hit the
million dollar mark for the first time, according to the current issue
D.
cost.
LIABILITIES—Due
S8I3;
A
transactions
charges. $318; total, $540,257.
(of Chicago)—Employee
Signode Steel Strapping Co.
Profit Sharing Fund Croses Million
of
from
loss
1,729
—$12,916
ASSETS—Cash in bank, $125,326; dividends and interest
receivable,
$l,2oo; U. S. Treasury obligation owned, at cost (current market quota¬
tion, $25,773), $25,680; marketable securities owned; at^-cost (current
$4,506,105
425,017
$1.06
$7,170,444
598,009
$1.49
$1,561,179
80,734
taxes
1
-%;-C
.
from
provision
shown
Investment
1945—9 Mos.—1944
1945—3 Mos.—1944
$1,723,490
—
after
-I—I—II
—
realized
is
or"
profit
BALANCE SHEET,
Period End, Sept. 30—
The
before
average
income
511 jgg
—
-
______1—_
income
NOTE—No
on
(R. B.) Semler, Inc.—Earnings—
Sales
securities-:
'
''?/.?•;
2116,
Profits
marketable
from
securities
—
upon
increasing the authorized
from 125.000 shares to 375,000 shares, three new shares
in
exchange for each common
share held.—V. 161,
will
stockholders
common
p.
marketable
securities
162. p, 608.
The
from
Expenses
Net
3,000
Co. 2,000
1,065,747
carry-
of
,
.
pre¬
Crl48,000
year
profit
Balance
at
;
beginning
of
$481,041
$482,373
1,986,061
year
1,653,688
'
■
...;
loss
•For
leased
depts.) less discounts,
returns & allowances .$4,680,964
Commissions (leased de¬
209,185
partments)
of
sales
of
320,168
236,000
Total
Dividends accrued on
COMPARATIVE INCOME STATEMENT
-Years End.
|
1
dividends
Cash
Miscellaneous
underwriters and
as follows:Shares
Reinholdt & Gardner
Inc._ 5,000
Btlfel, Nicolaus & Co.,
40,100
^,
INCOME STATEMENT FOR NINE MONTHS ENDED SEPT. 30, 1945
1942 '
$2,212,479
$2,053,612
251.155
170,800
$1,478,422
126,016
50,400
100,320
'
—
0-
Sovereign Investors, Inc.—Earnings—
- ^
1943
1.944
$1,334,820
taxes
taxes
w
^
T
1945
——
before Fed.
Profit
Federal
store
The
offered
'
9 Mos. End. Sept. 30—
;
Sales
St. Louis Union Trust Co., St. Louis 2, Mo.
Mississippi Valley Trust Co., St. Louis 2, Mo:
COMPANY—Company is the outgrowth of a store begun in 1857 at
McKinney, Texas.
Since 1931 the business of the company has
been exclusively centered in its Dallas retail department store which
has become one of the largest and most complete retail
businesses
in the State of Texas.
The present company was incorporated Aug.
3, 1926, in Nevada.
Agent:
Transfer
"
•
Seagrave Corp.—Earnings—
the
•
$9,498,872
$8,183,149
$6,222,013
■s—205,426
175,419
$8,358,568
surplus in amounts
to
equivalent to reduction in Federal income and excess-profits
resulting from sale of railway property by subsidiary.—V. 162," p.'
129,351
$9,704,299
5,885,983
and
investment
railway
street
on
Total
taxes
1520.
.
Cash
$2,467,102
divs. ,decl.—$0.50
share
per
each
in
$2,136,061
150,000
year
"■
1
'
1
11
1
150,0(30
*
'
■
■
•
I
,
Total
—
sold——
Sell., gen. <fc admin, exp,
Doubtful accts. chgd. off
Frov. for depreciationgods
Cost of
'
$4,790,150
2,875,822
—
$824,039
$664,356
5,664
Drl3,550
$670,019
$302,981
90,420
167,000
117,443
302,961
$311,387
$249,615
$187,640
$135,554
for
1S45
"
1944
$648,076
128,911
148,977
128,912
223,465
446,931
Dr$71,301
$0.16
$148,912
$0.75
$72,234
$1.05
dividends
dividends
Common
share
the
with
quarter ended Sept. 30, 1945, net loss was
a profit of $159,134, or 23 cents a share,
for the Sept. 30
Co.—Increases Capitalization—To Pay
Make 50% Stock Distri¬
Schiff
(The)
87%-Cent Extra Dividend and
bution—
special meeting of the shareholders, held on Oct. 25, the
"Articles of. the company were amended so as to provide that the
company
is
authorized to have outstanding, 550,000 shares con¬
sisting of 500,000 common shares without par value and 50,000 cumu¬
lative preferred shares of the par value of $100 each.
The shareholders also approved an Employees' Retirement Plan, from
which plan,
however, are excluded all of the present officers and
directors of the company.
"
At a meting of the board of directors, following the adjournment of
the shareholders' meeting, the board declared the regular quarterly
cash dividend of 25 cents per share and an extra dividend of 87%
cents per share on the common shares, payable on Dec. 15,
1945, to
^holders of record Nov. 30, 1945.
On pec. 15, last year, an extra
distribution of 75 cents per shafe was made on this issue.
The directors also declared a 50% share dividend on the issued and
outstanding common shares, which at this time is 148,500 shares.
After the payment of this share dividend the company will have out¬
standing, 222,750 common shares without par value.
This share divi¬
dend will be paid following the registration of the additional shares
tinder the Securities & Exchange Act of 1934 and the completion of
the listing of said shares on the New York Curb Exchange.—V. 162,
IV 1930.
At
a
September, 1945, quarter, according to the report,
was
caused mainly by strikes during the months of August at the
manufacturing plants, which resulted in a complete shut-down of prac¬
tically all operations of the company, and by interruption of production
of pig iron due to a fire at the company's City Furnace plant.—V. 161,
p.
loss
Clark Fund, Inc.—Asset Value—
net assets of $21,927,919 on Aug. 31, 1945*
V Company reports total
to $106.46 per share on the 205,970 shares outstanding
that date.
This compares with total net assets of $18,351,138 at
(equal
close
of
August
year,
equivalent to $94.68 per
outstanding.—V. 162, p. 1400.
last
393,814 shares then
share
on
on
the
the
RR.—Securities Admitted to List
31—
preferred stock, series A ($100
par), voting trust certificates for common stock,
as well as the
First Mortgage 50-year 4%
bonds, series A, and general mortgage
70-year 4%%
income bonds, series A, were admitted to the New
York Stock Exchange list and to dealings on a "when issued" basis
.on Oct. 31.
iV-"vVSeaboard
The
Air
Line
RR.
5%
,
Net from
Net ry.
<"
1945
-
railway——.
oper.
income—
1944
1943
1942
$10,073,848
4,584,198
2,271,834
2,250,014
$9,373,568 $11,263,575 $10,685,112
2,293,751
4,144.907
4,500,817
1,540,478
" 1,826,448
Gross
from
Net from
Net ry.
Net
Net
from
railway—- 100,144,007 106,336.691 102,911,129
31,591,650
40,569,515
46,182,355
77,581,139
30.786,349
26,050,048
21,634,085
income
$0.90
Net
Net
the
week
Oct.
ended
27,
1945,
Earnings—
$38,713,661 $34,963,483
13,390,362
15,790,419
15,892,899
4,918,878
5,049,857
7,591,537
2,811,474
1,576,502
income
370,096,717 372,650,664 344,602,395 258,722,902
railway
Bay
windows
of
will
in
Oct.
in
on
of
this
as
the
roof-top
Out"
"Look
Cupola
on
point from the
26
design
the
of
the
made
company's
cabooses
was
that
all-steel,
wood-lined
announcement
50
American Car &
Foundry Co. at a
cost of approximately $317,000.
Deliveries
are scheduled
to start early next year.—V. 162, p. 2024.
cars
have
total
type
been
ordered
from
The
Southern Ry.—■!Earnings—
September—
Gross
from
railwayfrom
ry.
1945
—
railway-
oper.
income
1944
1942
1943
$17,222,902 $22,322,746 $20,717,235 $19,141,126
4,443,315
8,144,503
9,780,658
9,398,709
2,552,095
1,453,133
4,574,315
3,618,277
From Jan. 1—
from
Gross
Net
Net
from
ry.
railway-
196,256,220: 182,650,153 145,578,551
86,680.567
61,929,036
78,935,608
27,333,107
28,519,303
24,718,365
192,098,415
70,948,870
railway
oper.
14,414,336
—V. 162. p. 1930.
16,981,798
income.
*
.<
21,796,548
Jan. 1 to Oct. 21
Week Ended Oct. 21
1945
$
Gross
—V.
earnings
162, p.
$979,604
2024.
$5,469,695
61944
$3,705,614
301,262
receivable
(net)
Claims arising under terminated
Refundable
502,138
1,683,112
__v-
1,010,748
63,065
71,041
264,815
Gov.
war
80,079
70,482
contracts
86,750
portion of Federal excess profits tax
1,381,897
1,004,867-
128,629
128,629
13,738
—
Investment
13,738
79,447
consolidated*—
Miscellaneous security investments (at cost, less
Cash
in
of
reserve
value
Travel
subsidiary
(not
$25,000)—
life
of
advances
accounts—officers,
em¬
3,344
others
and
&
91,829
insurance
and
refund
of
Fed.
exc.
profits tax
(est.)
less res.)_
patent licenses (at cost, less amort.)
(at cost,
cnarges
—
1,122,789
28,995
113,950
4,051
86,750
1,155,264
32,394
91,725
$6,086,460
$8,214,287
$1,300,000
Total
banks
payable
accounts
for
renegotiation I for
30,
$3,262,862
455,952
308,524
713,987
221,428
75,000
64,221
2,545
•
1944
'
$
1944"
1945"
'•>
.
*
-
-
<
$ ■* >.v
$6,742,558 266,477,402 279,1G4,237
provisions
ended June
(including
1944i
the
year
Payrolls, including amounts withheld therefrom
Dividend declared, payable July 10,
1944
Taxes, other than taxes on income
taxes
Reserve
for
on
(par value $1
per
surplus
(undistributed
predecessor companies)
Paid-in
Earned
surplus
Total
72,072
68,294
342,920
expenses—
income—estimated
150,030
300,000
771,594
2,317,102
771,594
1,986,061
$6,086,460
earnings
_,
-
——
—
$8,214,287
of
•Renegotiation proceedings for the years ended
have been completed and no refund was required.
June
30,
which
is
in 1942 and 1943
For the year ended
1944, the company has agreed to a gross renegotiation ad¬
of $300,000, proposed by a district price adjustment board,
subject to approval by the War Department Price Adjust¬
ment Board.
taxes
666,589
150,000
300,000
of plants—
share*
post-war reconversion
stock
Common
other
and
rent
(Federal
justment
trains.
innovation
known
time-honored
the
replace
Pacific's newest Cabooses
freight
30
Tools and dies in process—to be billed to custo.
Accrued
1942
1943
1944
1945
Orders 50 New Cars—
Southern
JUNE
interest)
accounts
Trade
Co.—Weekly Output—
for
railway..—__ 102,048,105 117,771,918 136,440,437 100,645,519
oper. income.
26,781,265
30,785,09 1
46,329,788
49,476,880
ry.
SHEET
hand
Cost of facilities to be reimbursed by U. S.
from
—
on
LIABILITIES—
From Jan. 1—
from
$1.61
1945
and
Notes payable to
$37,430,649 $41,670,456
railway
oper.
ry.
$1.60
1944, is stated after revision
U, S. certificates of indebtedness tat cost plus
Trade
Deferred
'
railway
eper.
$1.14
company
Southern Pacific Co.
Period—
From Jan. 1—
this
Septemberfrom railway
Net
Seaboard Air Line Ry.—Earnings—
of
Gross
Net
September—
Gross from railway
1943
$664,403
$1.17
2,071,000 kwh., as compared with 2,038,000 kwh. lor the corre¬
sponding week last year, an increase of 1.6%.—V. 162, p. 2024.
rear
Seaboard Air Line
1944
$533,092
totaled
This
and Dealings Oct.
1945
Southern Colorado Power
output
3,398
renegotiation.
Prop., plant and equipment
$653,604
Sept. 30—
proiit after charges and taxes.
Earnings per common share
—V. 162, p. 52.
Electric
of
deposit
on
Patents
9 Months Ended
t
161,698
3,398
ASSETS—
Cash
Post-war
Net
•
169,859
—
'
share
per
effect
ployees,
1811.
Soundview Pulp Co.—Earnings—
Gross
Scudder, Stevens &
the
for
•
equipment——_i
and licenses.
Inventories
quarter of 1944.
The
and
BALANCE
(On 496,599 common shares.
$60,541, as com¬
•After charges and Federal taxes.
For
pared
plant,
of patents
profit for the year ended June 30,
the
accrued
Surplus —
(Earnings per common
for
1943
$501,289
128,911
Sept. 30—
profit
$1,986,061
'
$203,587
9 Mos. End.
•Net
S2,317,102
year
include:.
depreciation and amortization
property,
•Net
Preferred
of
expenses
Amortization
Earnings
115,340
360,900
and
of
end
at
Provision*
alphabetical
.....
$316,531
15,248
125,250
—.
possible.
as
Costs
alphabetical
to arrange companies in exact
However, they are always as near
order.
position
always
not
11,994
1679.
p.
is
20,896
$839,287
.
.
tax (net)
profit
V. 162,
8,346
26,488
&
normal inc. tax
surtax
Net
2,580,307
4,270
it
possible
$6,351,365
3,897,208
2,104,734
$351,225
income-—
Fed. exc. prof,
/
reasons
Sloss-Sheffield Steel & Iron Co.—Earnings—
$338,459
12,706
Operating profit—
(net) —
Fed.
.
mechanical
NOTE—-For
30,992
2,541
18,221
Other income
Net
2,959,013
1,555,105/
5,079,069
(Balance
The proposed
adjustment, after credit for Federal income
thereto, reduced the net
ended in 1944.
Accordingly,
applicable
profit previously
reported
no provision for renegoincluded above, have been
revised on that basis.
Profits realized on war contracts for the year
ended June 30,
1945, were lower, in total dollar amount and in re¬
lationship to sales, than those allowed in the renegotiation proposal
for
the year ended in 1944.
Accordingly, no provision for renego¬
tiation with respect to the year ended June 30, 1945,
is believed to
be required.
(After deducting U. S. Treasury Savings Notes (at cost
plus interest) of $609,418 in 1945 and $1,502,660 in 1944.
NOTES—On July 7, 1944, the company entered into a credit agree¬
ment with a group of banks providing for VT loans to the company
in the maximum amount of $3,500,000 to June 30.
1947. The com¬
pany has agreed that, while the agreement continues in effect, it will
pay no dividends in excess of 50%
of net profits accruing after July
7
joaA nr which wp"ld Teh"**
current assets, after payment of
lie dividend, to less than $1,350,000.
•
•; ^^
' *'»
'
company's equity7in, net profit of »ts Canadian subsidiary not
consolidated, Backstay Standard Coi, Ltd., expressed in United States.
for
the
the
linancial
year
statements • for
that
year,
.
>tr
•
^
!> :.'
amounted to $4,036 for the. year , ended June 30, 19\5, and
for the year ended June 30, 1944.
No dividends were
from the subsidiary during the year ended June 30,
1945,
dollars,
Textron, Inc.—Preferred Stock Offered—Mention
$24,299
to
received
includes
has
a
company for the year ended June 30,
1944,
$18,187 (after Canadian tax thereon) received
that year.
No other profit of the subsidiary
herein.
The company's equity in undistributed
included
been
therein,
Dividends
September—
•
from
Gross
Ry.—Earnings—
Net ry. oper.
income
$368,677
$271,849
13i,768
186,083
97,418
shares
65,661
120,936
62,946.
the
Net ry. oper. income—
728,418
918,255
'
-^-V. 162, p. 1556.
directors
The
declared
24
Oct,
on
532,504
194,133
an
extra" dividend of
25
cents
share and the regular semi-annual dividend of 25 cents
par value common stock, both payable Dec. T to holders or
2.
Like
record Nnv.
Nov.
2.
Like amounts were paid on June 1, last, and on
amounts
June
Pe^share
1556.
corporation announced on Oct. 26 that it has received a con¬
Standard Oil Co. (Indiana) covering the design and con¬
This
,
tract
p.
Engineering Corp.—New Contract—
Stone & Webster
•
162,
1944.—V.
Dec.. 1,
and
!
from
of
"
Prov.
surtax,
and
Prov.
:
shares—_
per common
•Based
322,056
on
from
Net
:
ry.
Net
—V.
162,
The
$0.63
$0.66
p.
1944
1943
1942
$540,761
$324,657
96,073
263,117
50,242
155,570
93,116
44,743
3,746,210
3,628,512
976,033
1,219,043
2,911,861
699,568
402,943
661,980
340,489
of St. Louis—Bonds Called
Dec. 17, next, all of its
improvement mortgage 3%% bonds, series B,
1,
York,
Y.
N.
Bondholders may, at their option, surrender said bonds
receive the full redemption price, plus interest to
and
redemption.- -V.
162,
1945
share
per
1943
1942
$2,627,101
$2,089,376
$2,716,507
.$0.70
Earnings
1944
$2,679,980
$0.68
$0.54
.71
30—
pro!it
stock
charges for depreciation
•After
in
($360,286
amortization
1945
'$148,120 in 1945, $147,895 in 1944),
and $344,200 in 19441, contingencies
for Federal and foreign income and
1945 and $1,908,000 in 1944).
NOTE—As of Sept. 30. 1945, current assets (including cash and U. S.
Treasury notes, certificates and bonds of $30,716,517) amounted to
$34,097,201.
This does not include inventories of sulphur above ground
pr materials and supplies.
Current liabilities (including provision for
current taxes of $10,072,601) amounted to $10,527,190.
Reserve for
tontingencies amounted to $2,595,042.
amounted to
$31,308,711.Earned
surplus as of Sept. 30, 1944,
($100,000 in 1945 and 1944), and
profits taxes ($2,370,000 in
1932.
related
the consumer
large part of the corporation's capacity was de¬
During the last year, however, this has steadily
only approximately $140,000 of war contracts on
V-J Day all of which have since been cancelled.
Manville Jenckes Corp., however, still has certain government con¬
tracts which will not be completed- until the first of 1946.
All can¬
celled contracts have either been settled for or settlement is beihg
the war a
leaving
decreased
It is not anticipated that reconversion to civilian
any substantial loss to the corporation.
result
1943
1942
$183,967
$151,214
*6,195
56,317
$151,805
59,201
41,528
railway
oper. income
1944
$171,976
70.161
September—
from railway
ry.
products
in
corporation has reached its present position in the industry
the acquisition of the properties and businesses of several
corporations and the utilization of that portion thereof
which fits in with the general, plan of development outlined by the
The
*48,714
32,160
45,231
as
Net
from
railway
ry. oper. income•Deficit.—V. 162, p.
1,295,520
1,811,350
1,547,199
785,588
715,332
498,639
283,525
460,845
451,50 7
367,654
.
in connection with its business.
\
For
Pacific-Missouri Pacific Terminal RR.
Orleans—To Redeem $193,000 of 3%% Bonds—
of New
with
respect to them.
Ry. Co.—September Earnings—
Net
$6,790,455 $59,609,248 $59,949,249
3,853,284 34.027,755 34,201,056
$1,996,754
694,682
income,
$1,302,072
(net Dr)__ ' •• 223,284
$2,937,171 $25,581,493 $25,748,193
from
revenue
ry!
operations
Ry. tax
Equip, rents
fac. rents
(net
Jt.
•
Net
'Other
.
ry.
Fixed
Net
—-V.
oper.
■
deductions
p.
$779,096
189,932
35,735
—
—
$1,069,161
"71,622
$553,429
$623,016
69,587
76,209
—
charges
income
2,158,075
$1,140,783
-
—
income
162,
9,627
Ore
income.!
income
Total
Misc.
—
accruals
Ry.. oper.
1945—9 Mos.—1944
1945—Month—1944
$5,381,471
3,384,717
revenues
expenses
21,867
403,972
286,203
$655,602
1679.
deductions———
•
fixed
1944
$314,946
S.
1943
-
$9,052,287
1,079.468
756,477*
,
37,407
;
29,142
$1,116,875
304,712
assets
V
;
321,990
$785,619.
194,469,
...
190,8%
taxes—
184,742
323,564
283,377
$336,175'
f<
$485,347.'
$307,773-
months
12
a
this
shareholders."
Capital
'
expenditures
of
program
for
modernization
increases
Wage
the
period were over' $900,000 and the
proceeding as rapidly as possible.
1,
plus additional vacation time,/
is
granted
1 e
.
rra-7
ce;o
.15,787,652
18,975,896
$9,793,841 $6,772,297
1,969.341% 'jt, 546,997
83.391
209,457
—
$7,741,109
606,803
$5,015,843
586,372
V
$3,347,912 *$£,(#2,215
199,010—**168,421
2.787,133
$5,361,769
,
Sept.
additional holidays and other concessions
year.—V. 162, p. 1556.
approximate $300,000 nfc
may
Tobacco
Products Export Corp. — Capital Reduced-^*
May Soon Take Action On Dividend.—
The stockholders
to
$472,500,
Oct.
on
thereby
cents
share
per
458,100
*lt
reduce
capital
a
their intention
the
on
voted to
30
creating
directors have declared
to
capital from $1,500,000
from which
the
surplus
order
dividend
a
outstanding
shares
of
about
their
at
30
next
meeting.
,
The
amount is. about., equal to the 1944
earnings bf
according to. John H. Jackson, Chairman of the
told the stockholders that the directors would consider
share,
payment of more than 30 cents a
lncoine.—V. 162, p. 2063.
""
28
cents
**
Toledo Edison Co.—Calls $181,000 of Debentures—
There have;been called for redemption as of Dec.
1, next, out of
moneys in the sinking fund, $181,000 of 3Va%
Sinking fund debentures
due April 1, i960, at 101% and interest.
Payment will be made at
the Central Hanover Bank & Trust
Co., trustee, 70
•
York, N. Y.—V.
162,
Broadway,
1441,
p.
'
r
,
v
New
*
NOTE—~For mechanical reasons it is not alwaye
possible to arrange companies in exact alphabetical
order.
However, they are alwaye as near alphabetical
position as possible.
-
•a
•
-
'•
*
Transcontinental
to
addition
In
nection
with
offered
the
the funds
to be obtained by
soon
ment
rectly or
division
the
EFFECT
TO
THIS
both
changed
was
500,000
1,999,288
two
$180,000
4,871,875
10,152 shs.
will
be
500,000 shs.
1,700,000 shs.
100,000 shs.
200,000 shs.
680,798 shs.
148,592 shs.
new
authorized common stock
share and the number of
of
Maxwell, Marshall
2,627.798
$2,805,996
Hirsch &
&_Co.— 25,000
&
Clayton Securities Corp.___
E. W. Clucas & Co
Johnson,
Co.,
—
Hughbahks, Inc
4,000
2,000
Lane,
Inc
„
4,000
6,000
5,000
Newburger & Hano
The Ohio Co.—
Pearson, Erhard & Co., Inc.
Draper, Sears & Co
A. G. Edwards & Sons.—
4,000
4,000
Co.,
Harris.
Lamoreux
rls, Inc
Herrick,
Inc.
—V.
&
Nor-
&
Co.,
2,000
—
Waddell
Inc.
T
-
8,000
p.
Third
Winslow,
—
be
responsible
throughout
the
addition
operate
of
two
offices,
new
of
that
for
the
the .administration
of*
company.
new
to
expanded
the
service
Middle East and
in
the
continental'
Wilson, Managing Director of the International Division
Oct., 30 announced the appointment of Otis F. Bryan,
of
operations
of
Chicago,
Hanscom
on
of
Sept. 28,
the
111.,
named
was
1945.—V.
unit.
overseas
was
named
Director
of
162,
p.
addition,
In
Director
Traffic
of
of
Budgets,
the
Inter-
1556.
Quail & Co..
Scherck, Richter Co
Straus & Blosser
15,000
$9,731,189
income
Net
1945—9 Mos,—1944
$10,028,806
$31,297,517-$28,452,382
456,193954 /
1,251,547
425,654,
Earnings per share—,±,-
$0.36^^^^
$0.34
$L16* '
■
$0.98
Three Officials Promoted—
4,000
elected Executive Vice-President succeeding
resigned to enter private business ,as a con-,
a director and in an advisory capacity for
several months, Alexander Calder, President, announced on .Oct. 30.
Mr.
Daniels has been with JUnion Bag since 1919.
He Was elected"
Vice-President
in
charge of sales in
1933. and a director of the
H.
H.
Trahsit Corp^—Protective Committee-r-
general protective committee to safeguard the assets and fran¬
oi the corporation, Imperiled by Internal strife among the
officers and directors, has been formed by the below-named holders
and representatives of more than $1,000,000 of adjustment mortgage
in come (gold bonds) 5s due Jan. 1, I960.
The committee desires to join in the petition which has been made
to
the N. Y, Supreme Court to declare the May 1945 election of
directors illegal and to order a special meeting immediately for the
election of new directors and officers.
& Earnings—
1945—3 Mos.—1944
Sales
2,000
10,000
Townsend, Dabney & Tyson
William
Period End. Sept. 30—
4,000
2063.
Avenue
to
responsibilities
•
Sheahan,
J.
S.
P.
Daniels
Carruth,
sultant but
A
chises
will
functions
Union Bag & Paper Corp.—Sales
4,000
7,000
-t
162,
2,000
Inc.—
&
West, &
creation
the
corporation has announced the resignation of the following
who, at the request of the Navy, served throughout the
T.
Kilborn, William H. Remmel,
Richard
B.
Tucker,
Charles W. Bennett, R. Templeton Smith and Edward O. Tabor.
Benjamin
F. Pepper,
President,
also
announced
that
since
the
acquisition of this company by Noma Electric Corp. and the suggestion
by that corporation of two new members of the board, the personnel
of the newly elected board will be: J. B. Wharton, Charles L. Pierce,
Wm. k. Marshall, Henri Sadacca and Benjamin F. Pepper.—V. 162,
p. 1212.
"
•
1
^
^
2,000
& Co
2,000
Grande
on
Dean
war:
2,000
Frank Knowlton
Perrin,
the
in
Triumph Industries, Inc.—New Board of Directors—
Mason, Moran & Co.— 14,000
Minsch, Monell & Co
2,000
»
change
a
The
&
5,000
& Torrey
Davies & Mejia
involves
directors
2,000
Space
—
;—
Cohu
Courts & Co
He
in
•
Vice-President
arid
6,000
4,000
Johnston, Lemon & Co
4,000
4,000
2,000
continental
number
Co
Co.—
4,000
Eichler & Co
Bingham, Walter & Hurry _
Camp & Co
Chace, Whiteside & War¬
ren, Inc.
the
formed
was
.
B.
Maurice E.
Shares
Richards
within
Division
operate schedules to Europe, Africa,
Asia,
rational Division
Hill
operations
air service.
President and
staff
States.-
TWA,
as
old to 1,700,000 shares of
Each holder of the old stock re¬
35,000
for
International
also announced
TWA will
United
Thomas
Inc
the
oyerocean
organization
and
Frye
Southeast
shares.
Co.,
responsible
and
new
regularly scheduled flights over
the Atlantic for several years under
contract for the Air Transport
Command, the company's commercial operations will be handled as an
entirely, separate organization,
Service over TWA's new. International
route will begin shortly, Mr. Frye said, and experienced personnel
from the overseas contract operation will staff the new division..
*10,152 shs.
UNDERWRITERS—The name of each underwriter and the
of shares which each has agreed to purchase are as follows:
&
v
staff!*
Transcontinental
of the transcontinental operations.
While
TWA
has
been operating
Outstanding
for
with Rhode Island Hospital Trust Co. to be
value stock.
•_
.
changes"
entrance'
heretofore, Mr. Frye explained.
He.,
will
have
increased
responsibilities relating to
the
formulation
of
policies, plans and procedures for the entire TWA system.
' <
Brig, Gen. T. B. Wilson, TWA's Chairman of the board, will alsoact as Managing Director of the -new international division.
J. A.
Collings, Vice President-Transportation, will continue to be in charge,
retirement on Feb. 1, 1946, and funds necessary
par
~
head the executive staff of TWA as
increased from 600,000 shares of
50-cent
new
Export-
International Telephone
Commercial Co. ;and Rubber DeveIop«
important TWA post of Senior
Vice President to be filled by E. Lee Talman, who has been
Executive
Vice President in the single division structure and
Will continue to
1,562,732
$300,000
17, 1945, the par value of the
from $1 a share to 50 cents a
of
the
\
States
line
Mr.
said purpose.
of Sept.
As
shares
,
of
of Senior Vice President and
Managing Director of the International
Division," Mr. Frye explained.
Filling the post of Executive Vice President will be Paul E. Richter,
who has returned to TWA after nearly three
years in the Naval Air
FINANCING
Authorized
director
a
"
airline's
"This
applied
5,000,000
notes due Sept. 4, 1948
15-yi". 4%% conv. debs, due April 1, '60
Cumul. pr. pref. stk. (par $50)
5% conv. pfd. stk. (par $25)—
Common stock (par 50c)
Stock purch. wrnts. for com. stock
mtge.
also
Transport Service.
prices
GIVING
is
the Executive Vice
$532,980
of stock of Lonsdale Co
and acqui¬
either di¬
by stock control, when available at reasonable
CAPITALIZATION
Corp.
United
Available for further expansion of operations
sition of additional machinery and businesses,
(41
Important
into commercial air transportation on a world-wide
basis.
"The TWA organization will now be comprised of an executive
and two operating divisions," Mr. Frye stated.
The
that the proceeds of the sale of the 5%
(3) Purchase of 155,431 shares
—
Jack
Frye, President of TWA also announced
important
in the organization of the
company made as the result of its
stock hereby
should obtain
be
Pierson
Telegraph Corp. and the UV S,
the corporation in con¬
preferred stock, estimated at $4,595,000 will
substantially as follows:
(1) Redemption of outstanding prior preference stock
(2) Purchase and installation of new high speed flat knit¬
ting machinery for the production of tine quality knitted
fabrics to supplement the other lines of the corporation,—
Inc.
President
Mr.
as
PURPOSE—It is anticipated
Air,
Import Bank in Washington.
available on satisfactory terms through
additional stock issues or by borrowing either on a serial bank loan
or by
the issue of a debenture issue. The details of such additional
financing have
not yet
been sufficiently developed to make any
definite statement with respect thereto, but the management is explor¬
ing the possibilities.
as
Western
Warren Lee Pierson, President of the American
Cable & Radio Corp.
of New York, has been elected
to the board of directors of
Transcon¬
tinental & Western Air, Inc.
He was former
*
the sale of the 5%
convertible preferred
management believes that the corporation
funds
additional
&
Changes in Organization Made—
the Lonsdale Co. stock and for the other
acquisitions and expansion of operations now planned will be obtained
from the proceeds of the sale of the 5% convertible preferred stock.
was
■
a,
board., He
authorizing a.
to reflect. 194$,
share—partiaJy
net
the purchase of
Funds for
Bateman,
called for redemption on Dec. 1, next, for account
of the sinking fund, $193,000 of 3%% mortgage bonds, series A, due
:June 1, 1974, at 1027s and interest.
Payment of the bonds will be
made at the Guaranty Trust Co. of New York, trustee, 140 Broadway,
New York, N. Y.
Counons due Dec. 1, 1945, should be detached and
presented for payment to J. P. Morgan & Co. Incorporated, paying
"agent, 23 Wall St., New York, N. Y.—V. 160, p. 2115.
There have been
•Operating
.Operating
the
for
.
Shares
Texas
Period End. Sept. 30—
Louis
ended Sept. 30, 1945, net profit was
$3*11,257,:
share on 113,909 shares of $3.60 preferred stock.
Net
period amounted to $13,331,459,
•-'
V.'
<•
Frank B. Pollock,
President, in his remarks accompanying the earn¬
ings statement said that while the company reports
only cumulative
totals for the nine months, the third
quarter results "have indicated
the improved outlook which was
hoped for in the previous report to
sales
LONSDALE
OF
1679.
Texas & Pacific
Wyatt,
$9,849,540
•
$1,016,519
of
equal to $2.73
Co.—Corporation has entered into
of the stock of Lonsdale
in the production of fine
cotton goods and in the bleaching and finishing business.
This agree¬
ment will involve immediate cash payment of approximately $1,562,732.
The management has definite plans for the acquisition of certain
additional machinery and expansion of the operations of the corpora¬
tion.
There are also other opportunities which have not yet been
fully explored and as .to which negotiations have not yet been entered
into or- are not sufficiently advanced for any statement to be made
Blair
.
1945
833,307
Income
corporation has also acquired over 99% of each
and operates that corporation
The
subsidiary
a
the
1,670,449
558,19-9
Net
etc.,
sale
on
class of stock of Manville Jenckes Corp.
ceived
railway
S.
(& Subs.)—Earnings—
163,212
.
From Jan. 1—
from
Kenneth
are
$10,257,368
Net profit
'
Gross
urged to
for the
textile
other
used for
1945
Gross
Net
changed to1
Inc.
The
and shorts, ladies' lingerie, blouses and housecoats and
products and miscellaneous items.
The major portion
goods products of the corporation are advertised and
sold under the trademark label "Textron" and are distributed on a
nationwide scale to retail stores and other outlets.
of
payment thereof deposited
Ry.—Earnings—
Net from
Loss
Federal
as
shirts
sport
other
*To be called for
Mexican
Texas
was
Textron
1928
the extent market, conditions make it desirable.
'
162. p.
to
committee
sales
Interest,
Corporation's principal consumer goods products donsisfc of shower
curtains and draperies made from water repeliant fabric, bedspreads,
vanities and draperies, lining materials, men's and women's pajamas,
excess
V.
name
16,
estimated
on
3,840,000 shrs. of cap.
.
On March 24, 1939
and on May 18,>1944
April
convertible
Co., Inc.—Earnings—
Texas Gulf Sulphur
3 Mos. End. Sept.
•Net
at any time
date set for
1931.
p.
Island
are
petitioning
agreement for the purchase of over 99%
Co., which has for many years been engaged
1974, at 107 and interest, and on Jan. 1, 1946, all of the
outstanding general mortgage refunding 4 % sinking fund gold bonds,
due Jan. 1, 1953, at 110 and interest.
Payment will be made at the
Central Hanover Bank & Trust Co., corporate trustee, 70 Broadway,
New
Rhode
the
Total income
::V.
v..:;'-
in
in
an
has called for redemption on
company
due July
the
of
Other income
conversion of
list on the New
upon
,
ACQUISITION
1211.
.
outstanding refunding and
Corp.
management.
$0.75
.
$391,938
Terminal RR. Association
■
135,500
$301,750
2,350
income
1679.
oper.
ry.
186,800
$274,432
2,922,628
573,168
196,438
railway
from
Net
J
327,9001
1—
railway
from
to
stockholders
join
through
1945
income
oper.
From Jan
Gross
180,000
$282,088
40,814
railway
railway
from
162,000
shares.—V. 162, p.
common
September—
Net
1943
$617,250
Central Ry.—Earnings—
Tennessee
Gross
1944
$623,232
$257,009
excess
profit
•Earnings
1945
tax
income
!
1
(
profits tax__j
_
Fed.
for
Net
•
normal
added
members
Operating profit
The general character of the business of the corporation now con¬
sists of throwing and allied conversion operations on rayon and other
synthetic yarns, the manufacture of woven fabrics from rayon and
other synthetic and natural yarns and the manufacture and sale to
consumer outlets of woven fabrics and products made from woven and
knitted fabrics.
While it is how intended to concentrate on the manu¬
facture and sale of fabrics woven from rayon and other synthetic
will
$584,909
income
net
Fed.
for
Corp.
Rayon
Rayon
negotiated.
Inc.—Earnings—
Ended Sept. 30—
9 Months
Operating
issuable
all
to
Thatcher Manufacturing Co.
voted to war business.
called for redemption on Dec. 1, 1945, a total
of $200,000 15-year 3%% sinking fund debentures, due June 1, 1959,
the Guaranty Trust
at
Iu3 and interest.
Payment will be made at "
J—
-V. 161, p. 2793.
Co., trustee, 140 Broadway, New York, N. Y.
"
corporation has
(James) Talcott,
stock
be
and
and
'v
9 Months Ended Sept. 30—
Net
corporation at the time of organization succeeded to the businesses of
Special Yarns Corp. (Mass.) and Franklin Rayon Dyeing Co. (R. I.),
both of which were engaged in the business of dyeing, processing and
converting rayon yarns.
,v.
/
During
Corp.—Partial Redemption—
Sunray Oil
preferred
to
Exchange.:'/
CORPORATION—Organized
fabrics to
t(urbine generator unit and two steam boilers, each of which will have
a continuous
steaming capacity of 300,000 pounds per hour at 1,350
pounds per square inch gage.
I
The
new
plant
will
augment
Standard's present steam power
station facilities at Whiting and will be ready for operation in the
latter part of 1946, the announcement added.—V. 160, p. 2760.
The
are
bonds
Secretary
yarns,
steam
a
which
the
'
,
on
the corporation or its subsidiary, Manville Jenckes Corp., is
equipped and may continue to produce cotton yarn and cotton woven
and electric generating station at the latter's
refinery at Whiting, Ind.
The new station, which will be designed for future expansion, will
include in the initial installation a 10,000 kw. high pressure topping
struction
convertible
Curb
Atlantic
the. $5
on
stock
common
Franklin
per
payable quarterly
are
.
•
-
-
and
:Rhode Island Hospital Trust Co., Providence, R." J,<
Registrar: Providence National Bank, Providence, R. I.
Corp.—Extra Distribution—
Stewart-Warner
.
1,790,356
1945
Transfer Agent:
1,875,905
3,146,452
1,447,074
908,158
4,077,114
Net frcm railway-——
4,164,857
1,553,654
railway-
from
of
5%
York
From Jan. 1—
Gross
1,
1,
$433,002
$355,130
90,358
33,375
from Oct.
accrue
adjustment
with
Grumet, Leon
Forst; > A.
J.
Messing
and
Irving
Wasserberg,
with;
Joseph Nemerov, counsel, 135 Broadway, N. Y. 6, N. Y., and Louis
Karasik, Secretary, 50 East 42nd Street, N. Y.—V. 162, p. 1809.
associates.
justment in case of certain additional issues of common stock.
The outstanding common stock is listed and registered on the New
York Curb Exchange and application will be made to have 200,000
1942
1943
1944
1945
.
railway—_
Net from railway
and
The
30
on
Staten Island Rapid Transit
Co.
&
5%
election.;
new
par
April 1, July 1 and Oct. 1.
Stock may be retired at any time
days' notice at $26 a share, plus dividends to the retirement
date. Convertible, until 10 days prior to the redemption date, if called
for redemption into common stock, share for share, subject to ad¬
Jan.
J945.—V. 161, p. 2793.
.
dividend by Blair
plus
($25)
of
Holders
communicate
r
Further details follow:
of the subsidiary, since acquisition of a majority interest
amounted to. $194,163' (United States dollars) at June 30,
earnings
(
'21911
was
issue of Oct. 29 of the offering on Oct. 25 of
our
200,000 shares of 5% convertible preferred stock at
subsidiary in
the
from
made in
the parent
dividend of
of
Income
t
.XHE- COMMERCIAL .&.FINANCIAX*, CHRONICLE
Number 4435
Volume 162
- u?
."
t ■
Tf
•.
has
who
been
has
will remain
as
company in 1934.
!;
Two additional promotions
son,
resident
Vice-President
former
named
Hardenbrook,
V.
162, p. 1680.
charge
in
formerly
President in charge of
"
v.
•
"also announced include G. W. E. Nichol¬
of
the company's
Savannah plant,"
manager
Assistant
of
to
manufacturing,
and -Donald J?
the
President,
elected
Vice-
industrial and public relations and woodlands.-—
••
■
:-e
'
''
.
'
,
Railway
exps..*.
oper.
45,351,225 388,085,424 367,714,905
24,912,164 255,696,411 236,761,188
14,866,633 92,268,131 94,263,017
40,630,845
35,378,113
2,197,474
revenues
oper.
♦Railway
fTaxes
'--""I
1.428.214
1.546.UG
sources
Total
27,782,703
27610,714
39.629,887
31,316,921
1,476,255
4,552,824
Net inc. fr, all sources
1942
1943
1944
1945
•^cuSrof°-dlf!"!!
455,078 116,713,872
+8,918,144
73,761,740
13,000,000
361.740
the
of
1945,
5,307,425
77,000,000
September, 1945 is due principally to accrual
one-fourth of the balance unamortized as of Aug. 31,
or portion thereof, certified under Section 124 of
cost
Code
Internal Revenue
in the interest of national de¬
necessary
as
facilities completed or acquired prior to Sept. 1, lu45; the
period with respect to such facilities being ended by pro¬
of President Truman on Sept. 29, 1945.
The remaining
balance will be accrued
in the months of October, November and
December, 1945.—V. 162, p. 1932.
fense,
.?
of
emergency
clamation
directors
$4,250,840
Net
share-
com.
♦After interest,
for Federal
—V.
162,
taxes.
The
718.
p.
directors
this
Dividend—
declared a dividend of 25 cents per
26
$5, payable Dec. 10 to holders
A like amount was paid on March 10, June 9 and
24.
Nov.
Coal Cos.—25-Cent
Oct.
on
stock,
the common
on
1,654,995
$804,066
$1.52
depreciation and other charges, but before provision
fOn 468,283 shares of common stock outstanding.
United Electric
■-
$2,4592061
2,954,250
$903,068
$1.73
$985,243
$1.90
profit
per
$3,857,318
3,349,250
$901,590
$1.72
par
and on June
year,
share
of record
Sept. 10,
1944, the first since
10, Sept. 10 and Dec. 9,
Sept. 3, 1939.—V. 162, p. 2064.
1945
Quarters Ended Aug. 31—
sales
Net
$1,46G,759
31,650
12,739
—
after
Profit
charges
Federal income taxes
1944
$1,422,032
86,518
34,686
-
.
Net
of
—V.
$18,911
$25,633
240,000
240,000
$0.02
—
shares
common
$51,832
240,000
profit
Number
:jEarnings
$0.16
$0.05
share—,
per
-
directors
the
Utah Power '& Light Co.
Federal
Vice-President—
Other
and also
plywood
V.
dividend of 25 cents
a
1945.
A
year,
as
with
compared
15
cents
3,
Dec.
on
1943.—
*
p. 248.
United Public Utilities Corp.—Sale of
1 Montana-Dakota Utilities
Co.
See
—
Subsidiaries to
latter company
above.—V. 162, p. 1557.
:
Net
reported for the second quarter of
$16,774,202
with
Reduced
Divs.
United States & Foreign Securities
United
1945, the indicated value of
30,
International
&
States
the
accrual
of
income
Federal
for
reported
these
for
taxes,
income
three
based on market quo¬
Calculating the investments in United States & International Securi¬
Corp. and in Credit & Investment Corp. at their indicated values,
based on underlying assets, securities without quoted market prices at
cost of $713,030, and all other securities at market quotations, the
net assets of the corporation had an indicated value on Sept. 30, 1945,
of approximately $49,145,954, which is equivalent to approximately $285
per share of first preferred stock.
The stockholders adopted, at a special meeting held on Oct. 15, 1945,
a charter amendment, which has become effective, reducing the number
of authorized shares cf first preferred stock from 250,000 shares to
172,319 shares, reducing the annual dividend rate on the first pre¬
ferred stock to $4.50 per share, cumulative from and after Oct. 1, 1945,
and granting to the holders of first preferred stock one vote on all
subjects for each share of first preferred stock held.
ties
,
r.
INCOME
MONTHS ENDED SEPT.
NINE
STATEMENT,
and
a
Cash
$807,829
$787,211
$820,628
80,676
107,113
115,905
Interest
fOther income
Total
Net
156
realized
profit
Cap.
"+
on
investments
Net
Fed.
Expenses
$867,887
♦40,868
♦205,127
♦478,736
$1,132,868
$617,258
inc.
9,850
124,649
the period-
$1,133,932
(Securities received
NOTE—In
view
of
investment
12,741
the
as
32 319
110,600
tax
_
lated
$1,095,994
$827,019
9,033
—.
Profit for
♦Loss.
$927,741
;
414,933
stk. & other taxes
for
v
-
$1,268,431
—
profit
Prov.
17,750
$853,498
— ™....
66^000
111,921
108,900
115,107
$706,065
$901,227
$403,832
made in either 1945
corporation's election to be taxed as a regu¬
no provision for Federal
income tax was
and
Months
claim
receivable
LIABILITIES—Reserve
and
interest
for
taxes,
accrued expenses, etc., $24,150;
$6 first preferred stock (172,319
shares, no par), $17,231,900; $6 second
stock
<50,000 shares, no par),
$50000;
general reserve,
common
than
stock
(985,000
shares, no par), $98,500; capital
surplus
$1,007,953;
operating surplus (including results of security
transactions), $13,329,444; total, $36,691,947.—V. 162, p. 1932.
months
nine
reported
the
Net
ry.
United States & International Securities
Corp.—Report
sipt' 30, 1945, trie net assets of the corporation had
V<L.t' ,based. on market quotations, of approximately
which is
an Indicated
$36,284 829
equivalent to approximately $151 per share of first preferred
INCOME STATEMENT, NINE MONTHS ENDED SEPT. 30
$773,465
income":::::::
♦other
NefrealizTdTrofirVn"
investments
Total
Cap.
Other
for
Section
124
the
of
amortization
of
$972'727
$972'009
1684,589
tl,343,984
+ 141,951
$188,070
t$371 257
$830 nsa
3,861
q'm?
8 709
S™?
tax-
41 000
S
50 000
J'Sn
Ml
inc.
WM25
10P754
t$36,782
+$534,093
$660,599
40 750
Gross
from
Net
from
Net
ry.
—V.
tLoss.
tNot Including
income taxes not
1,704,761
1,704,761
Earnings—
1945
1944
1943
1942
$121,814
$103,424
$119,311
$121,969
26,233
22,475
34,"792
28,540
13,592
14,980
16,849
17,763
1,028,875
185,367
1,027,346
1,050,216
980,152
201,387
227,922
227,615
121,587
95,151
107,876
124,029
income..
railway
railway
income—
1680.
oper.
162, p.
Van Raalte Co., Inc.—Earnings
1945
1944
$556,438
t$2.09
$523,051
9 Mos. End. Sept. 30—
♦Net
profits
Earns,
share.
com.
per
♦After
ton
all
shares.—V.
$On
$43,777,793,
was
the
for
first
nine
or
months
Sales
Other
income
tax
for
purposes
Total
the
Cost
for such amorti¬
steel
of
products
the
The
capital
total
additions
$9,100,000.
to
$9,824,770
125,203
$9,949,973
was
was
a
during
betterments
to
same
number
38,906.
of
of
employes
with
and
the
fixed
its
subsidiaries
The
313,277
total
at
Sept.
third
assets,
in
in
payroll
the
the
Net
30,
salaries,
in
third
the
third
quarter
tax
of
5,051
8,461
10,371
1,436
32,189
29,842
36,351
4,613
137,977
136,537
217,196
52,780
42,487
45,757
309,300
taxes
314,400
313,857
tax
normal
Federal
and surtax
for Federal excess
in¬
profits
907,550
772,152
1,200,142
$665,379
$707,213
$784,219
654,692
802,006
796,680
$3.29
refunds
of
profit
profit
$3.53
$
522,819,804
June
if
30,
any,
$
ASSETS—Cash,
$
510,402,698
36,448,683
36,680,955
105,045,109
U.
costs
out
pay
of
Int. & other cost
long-term
lcl.
860,778
11 ,873,185
taxes
25,000,000
11,624,420
dividends
forward
share
per
Vinco
49,306,889
26,109,756
1,916,185
♦1,246,720,
$0.61
$2.85
$3.49
$1.22
♦Deficit.—V.
4,262,750
162,
p.
Universal
Co.. of
total,
par
value
at
$9,527,369.—V.
stated value),
162,
p.
176.
Corp'.—Earnings—
5,231,612
14,387,709
Corp.—To
Net
Offer Stock—Floyd D.
1945
$104,707
$0.57
1943
1944
$LlfL23u
—
$0.51
$i?M86
$0.60
54.
p.
Earnings—
'
15,864,466
Chicagp is expected to offer in the near
498,500 shares of Class A common stock.; 'Of the
161,
Wabash RR.
1680.
Camera
without
September—;
Gross
from
railway
Net from
railway.
(net
—
payable,
additional compensation to directors, officers, and
$390,791;
taxes and expenses accrued, $99,153;
taxes
Earnings per common share.—
Shipments of finish,
prods,
accounts
accrued,
after charges and
—V.
__
$469,524;
4,282,376
Net
/
for
stocks
trade,
6 Months Ended June 30—
18,914,757
for
*3,383,751
payable,
74,000,000
4,3,777,793
18,914,757
26,109,756
6,304,919
,
(market
$1,748,970; employees'
(authorized and issued
$2,000,000; surplus
arising from revaluation cA fixed assets, $25,534; paid-in surplus,
$4 051,561; earned surplus, $889,888; less 8,056 treasury shares at. cost,
31,731,214
28,500,000
a,703,252
16,924,356
6,304,919
8,703,252
needs-
common
$98,269;
Dr$371,835;
dividends
Common
roll,
210,000 shares
on
,
securities
Government
S.
for income and excess profits taxes,
investment certificates, $42,100; capital shares
3,320,478
30,704,465
12*992,282
Cr2 ,000,000
taxes
Fed.
2,627,833
1,055,675
U.
provision
on
debt
&
misc.
1945
Employees' war bond subscriptions and income tax,
renegotiation settlement to June 30, 1944, $30,185; accrued
employees
18,000,000
6,000,000
of
30,
Government
s.
$53,230;
applic. to this pe¬
aris.
$694,616;
LIABILITIES—Accounts
on
assts.
JUNE
counts
of
$12,500),
$432,053;
inventories, $2,274,004;
other current
$24,661;
long-term -installment
accounts receivable,
$22,037;
investments, $111,026; fixed assets (after reserve for depreciation of
$2,252,928), $2,101,645; U. S. Government bonds deposited under selfinsurance
agreements
(at cost less
reserve),
$30,723; patents, $1;
deferred charges, $19,779; total, $9,527,369.
103,474,396
loss
SHEET,
assets,
557,860,558
addi.
feels that the effect
be material.
not
BALANCE
endedt
renegotiation,
year
$2,973,150), $2,908,515; sundry marketable securities
(market
$989,777),
$726,924;
refund of excess profits tax, $181,384;
and
accounts receivable,
trade (after reserve for doubtful ac¬
value,
value,
notes
192,717,691
&
will
the
(Including subsidiary company)
1,373,985,290 1,535,783,742
133 177,189
for
operations
of
management
year,
1945—9 Mos.—1944
deprec.
fxd.
this
$3.93
renegotiation settlements.
to
results
the
on
the
1945,
for
effect
give
CONSOLIDATED
of emer.
facil.
to
NOTE—Based
so¬
amortiza.
^hare
per
♦Amended
1945
bought
Depletion,
Cerf
23,209
18,933
7,790
Dividends
698,090,207
future
income
Pennsylvania inc.
for
net
Net
$220,257,000
652,927,392
tons)
than
for
Provision
quarter of 1945
quarter of 1944—
231,448,845
steel
18,680
tax
come
of 1945,
approximately
193 617,552
Inc.
13,170
premiums
retirement annuity exps.
other
Provision
1944.
pensions
Products & services
Carr.
bond
of
disposal of fixed assets
on
Provision
security taxes
State,
390,791
40,131
10,114
Employees'
services
&
and
Esti.
390,791
mili¬
in
6,430
loss
Taxes
at
quarter
were
same
1945- -3 Mos.—1944
385 601,807
riod
390,791
45,200
employees
service
CONSOLIDATED INCOME STATEMENT
sale
756,066
Interest
declarations;
dividend
approximately $184,834,000, compared with
quarter of 1944—a decrease of $35,423,000.
Period End. Sept. 30—
Estimtd
717,804
compensation to direc¬
and employees
Amortization
Net
compared
of
decrease
amounted
cial
108,262
770,922
Research
On
274,371,
Wages,
7,560,040
106,381
and
average
in the
$11,436,601
5,927,250
110,514
sales
officers,
tary
$95,800,416.
The
$9,258,179
6,496,221
income
of
tors,
Sept. 30,
1945,
unexpended
balances
for
property
replacements amounted to approximately $176,000,000.
After retirements of capital obligations of $397,499 during the quar¬
ter, the amount of long term debt outstanding at Sept. 30, 1945,
additions
$8,997,364 $11,173,006
260,815
263,595
expenses
third quarter
the
the current
$586,631,746
expenditures
and
in
Corporation
30,
1945, after deducting
$628,425,474 compared with
were
for
assets
1,400,000
425,000
settle¬
renegotiation
Depreciation
General, administrative, and selling
of 1945
amounted to 4,262,750 net tons.
For the first nine months of 1945,
shipments were 14,387,709 net tons, compared with 15,864,,466 net
tons shipped
in the same period of 1944.
Production
of steel Ingots and castings in the
third quarter of
1945 averaged 77.0 % of rated capacity.
current
30
*1943
with U. S.
income
Additional
finished
JUNE
$9,422,364 $12,573,006
$9,824,770
of
net
ENDED
*1944
Government
Compensation,
of
Federal taxes,
2153; v. 162,
and
returns,
discounts,
less
1944.
Shipments
p.
YEARS
FOR
ACCOUNT
INCOME
1945
Sales,
on
Federal
for
and
161,
Vanadium-Alloys Steel Co.—Financial Statement—
Reported
Renegotiation settlement
1945
of
income
f1942
$622,668
$$4.21
profit-sharing
depreciation,
129,281
charges,
shares.
258,182
1943
$564,818
$$3.81
,
$$3.54
884.
p.
,
Provision for pricr years' Federal
142,063
railway
oper.
Corporation was notified recently by the Navy Price Adjustment
Board, acting for all governmental agencies, that no excessive profits
under
war
contracts were realized by its
subsidiaries for the year
future
336,956
Jnceived, f8 t,axabIe dividends.
requited
llitl
142,063
war
Internal
allowable
Income
$8794433
$978,300
Fed.
expenses
Profits
SStV'
8784,878 $372T659
$9164624
$1,121,834
—
—-—.
stk. and ether tax
Prov.
$828,872
2,805,975
$2,075,745
pfd.
period
CONSOLIDATED
years 1940-1945, inclusive, is permitted.
Adjustments
zation will be made in the year-end accounts.
Preferred
nfte1res/VidendS
2,124,902
$1,858,574
From Jan. 1—
1945.
Sept. 29,
1945,
the emergency
facilities
was
terminated.
Under
Revenue Code,
a
recomputation of the
proclamation
amortization
for
income
f:
164,309
$139,333
1810.
p.
from
13,512
179,393
ment
Presidential
war
*
$4,881,720
to
the
for
Net
1944.
By
sold
interest
$4,9o0,000;
first
the
less
$
1D45
riot delivered, $63,879;
thereon, $161,658; dividends
accrued, etc., $77,685; securities (indicated value,
approximately $36,876,542), $24,574,656; investment in United States &
International Securities Corp.
at cost (indicated value, approximately
$9,705,300), $9,529,656; total,. $36,691,947.
^
•
tax
receivable,
of
period
Products
SHEET, SEPT. 30,
ASSETS—Cash, $2,285,040; securities sold but
Federal
for
1944.
BALANCE
applic.
162,
taxable dividends.
company,
$3,983,476
$145,196
$43,777,793 $43,777,793
Quarter
Income
$962,339
45,512
dividends
1942
$303,642
.
$17,179,171 $15,379,171
18,774,202
16,774,202
7,824,420
11,624,420
Quarter
Net
1943
$3,974,674
8,802
$4,868,208
976
$324,589
_
Utah Ry.-
comparison
for taxes
$5,529,096
Sept.
1944
$302,666
allowances
30
1945
1,800
1,379,275
142
September—
from railway
quarters;
Quarter
Nine
corporation's investment in
Securities Corp.,
underlying assets, was approximately $9,705,300.
There¬
fore, the board of directors of the corporation has authorized the
restoration to operating surplus of the amount of $9,504,028 previously
transferred to the reserve against this investment.
5,700
1,099,425
(net)
deductions.
existing
under
1945
Corp.—Report—
for
150
109,467
$324,447
revs
Gross
•
tations
583
85,892
income
stocks
of war orders, and changes in the
particularly since V-J Day, which occurred in
third
quarter,
have reduced current earnings
sales,
of
rate
Third
1,526,563
877,050
retire,
income
—V.
ceiling prices and higher costs, l'f pro¬
vision for Federal
income taxes had been made
during the third
quarter on a uniform basis of accrual for the first nine months
of
1945,
without credit
for such previous over-accruals of taxes
the
third
quarter earnings would have been $7.8 million or less
than half of the earnings reported for the second quarter of 1945.
Below is a table setting forth the quarterly income of the corpo¬
ration for the first three quarters of 1945 adjusted to show a uni¬
First
1,465,922
approps.
inc.
Net
cancellations
volume,
of
middle
Second
114,864
23,200
limited-
of
prop,
income
Total
Report
United States Steel Corp.—Quarterly Earnings
the
135,613
oper.
Gross
*
On Sept.
&
Other
Reporting the earnings of the corporation for the third quarter
1945, Irving S. Olds,
Chairman, announced that the directors
had on Sept. 30 declared the quarterly dividend of $1.75 per share
on
the preferred stock,
payable Nov. 20, to holders of record Nov.
2, and a dividend of $1 per share on the common stock, payable
Dec.
10, to holders of record as of Nov. 9, 1945.
Income
for
the
third quarter of 1945, after all costs—including
allowance for estimated Federal taxes on income and an adjustment
for
over-accruals of income
taxes in the first two quarters—but
before
declaration of dividends,
amounted to $11,624,420, as com¬
form
Cr225,000
1,171,858
investments
term
of
pared
336,301
exc.
Amortizati'n
share
per
$1, payable Dec. 5, 1945, to holders of
similar distribution was made on this issue
par
15,
5,
161,
7,839,469
118~992
lieu of Fed.
prof. tax.
in
&
Deprec.
declared
26
stock,
last
Nov.
Dec.
6,063,860
96~996
taxes
inc.
$16,562,153
465,825
taxes
Charge
1945—12 Mos.—1944
$1 ,111,964 $13,822,932
494,073
expenses
def'd inaint..
for
(& Subs.) —Earnings—
1945—Month- -1944
Si,160,804
revs
oper.
Operating
1809.
p.
Oct.
on
common
record
with
161, p. 2794.
162,
5,674,200
$2,771,338
1213.
p.
Period End. Sept. 30—
Total
Adjusted
:
162,
5,153,500
$2,413,507
Stockyards Corp.—25-Cent Common Dividend
United
substantially,
1943
$1,197,921
40,998
15,365
-V.
3,698,000
$2,955,829
share
per
appointed Vice-President and Chief Ad¬
corporation.
He has resigned as Chief of
Officer of this
1943
$8,445,538
and excess profits taxes__
income
reserve
the
Subs.)—Earnings-
(&
50 cents
dividend of
a
the Plywood and Veneer Branch of the War Production Board,
as
President of Setter Bros.,
Inc., of Cattaraugus, N. Y.,
character
Paperboard Co.
United
.
declared
31
Setter has been
P.
manufacturers.—V.
on
3,908,341
Oct.
on
stock, payable Dec.
United States Plywood Corp.—New
Clifford
ministrative
on
•Proflt8*-?!?;?$4,893?584
Prexcessrpront SSL.*"-
A
1944
$7,566,507
before
but
taxes
inc.
Prov.
America (& Subs.)—Earnings—
United Biscuit Co. of
Fed.
'
1945
$6,653,829-
chgs.
after
profit
Federal
15 to holders of record Nov. 15. A
year ago, the company declared a dividend of $2 per share on this
issue, payable in four instalments of 50 cents each on Dec. 15, 1944,
and on March 15, June 15 and Sept. 15, 1945.
Similar distributions
were made on Jan.
15 and May 15, 1944.—V. 162, p. 1030.
the class
The
fEarns.
Universal Pictures Co., Inc. (& Subs.)—Earnings—
39 Weeks Ended July 28—
Net
Dividend
United States Leather Co.—50-Cent Class A
The
1 Increase for month of
of approximately
rectors.
for
Net
on
financing
new
of the holdings of certain officers and di^
Proceeds accruing to the company will be used
general corporate purposes1 and expansion of the
company's present business.—V. 162, p. 176.
30, 1945
LIABILITIES—Reserve
for
taxes, accrued expenses, etc.,
$63,600;
shares, no par), $23,920,000; $5 second
preferred stock (100,000 shares, no par), $500,000; special reserve (set
up out of amount paid in cash
by subscribers to second preferred
stock), $407,943; common stock (2,485,543 shares, no par), $24,855;
operating surplus, $248,756; total, $25,165,154—V. 162, p. 611.
10,588,781
represent
portion
a
ASSETS—Cash, $2,003,368; securities sold but net delivered, $53,748;
dividends receivable, interest accrued, etc., $61,407; securities, at cost
(indicated value, approximately $34,229,907), $23,046,632; total, $25,165.154;
*
29,041,106
chgs...1,134,459
5,744,732
1,191,908
.
11,847,184
1,600,518_11,710,647
41,496,963
10,180,042
1,101,572
_.
oth.
29,786,316
oth.
income
and
Fixed
&
invests.
fr.
4,144,214
1,509,142
operations
Inc.
will
shares
200,000
behalf of the company and the remainder represents
on
$5 first preferred stock (239,200
trans.
fr.
inc.
Net
♦,
BALANCE SHEET, SEPT.
^
$
S
$
$
.
of securities owned
value
a| Sept. 30. 1945, $11,183,275; change in this item, $6,150,435.
as
1945—9 Mos.—1944
1945—Month—1944
Period End. Sept. 30—
V
cated
.(Excluding offsetting accounts between the companies)
total
approximate appieciation from book value in the indi¬
was;
As at Dec. 31. 1944, $6,032,840;
NOTE—The
(& Leased Lines)—Earnings—
Union Pacific RR.
JS;
Monday, November 5, 1945
CHRONICLE
THE COMMERCIAL & FINANCIAL
2192
ry.
oper.
income
From Jan. 1—•
from
railway
Gross
Net
from
Net
ry.
railway
oper.
—V. 162, p.
income
1810.
.
V
1943
1944
1945
$6,297,437
$7,399,641
2,546,632
1942-;,"
$7,995,413
1,381,191
3,430,481
625,065
993,326
70,776,556
r-
25,215,146
6,842,634
6,673,086
56,124,754
■
30,066,466
27,262,043
Sr
■K"
683,048
70,763,704
635,761
70,969,942
$7,209,692
3,097,367
,
8,792,477
21,583,020
.
.6,573,611
f
i/v.*
,
.i ;-v
if'
tVolume 162
Waco
& Co.
Number 4435
Aircraft
Offering-r-Dean, Witter
special offering of 20,000 shares
Co.—Special
Oct. 24 made
on
'■
a
♦)«'
■"
of common stock (no par) at
$9% per share with a spe¬
cial commission of 40 cents a share.—V.
161, p. 775.
The
directors
the
on
have
declared
common
record
Nov.
15.
which
was
followed
—V.
162,
An
by
quarterly
a
stock,
initial
another
dividend
payable
$5,
par
like
of
amount
of
payment
of
Dec.
20
cents
30
1
paid
was
June
cents
per
of
holders
to
on
on
passenger miles
month of last year.
1, last,
Sept.
1.
Washington
Steel
Corp.—Common
Stock
Offered—
An issue of 135,000 shares of common stock
(par $1) was
publicly offered. Oct. 29 at $10 per share by a syndicate
headed by Singer, Duane & Scribner.
These securities
are offered as a
speculation.
In
addition
23,110
writers
at
will
sum
to
the
of
shares
common
$10
be
foregoing
company
the
without
share, or a total
by the company.
per
received
the
shares
stock
price
of
$231,100,
sell
to
proposes
under¬
of
intervention
all of which
in the distribution and sale
production efforts will be concentrated
thereof.
engage
the
on
Initially,
American
Western
98.81
Inland
Air's
for
"JD**.
I| M
1
SS^jSf
increased
for
68.43%
September
September,
Division
compared
figure
announced
with
the
1,532,768,
was
a
percentage
same
in
month
contrast
increase
in
1944.
to
miles
Sr
■
Western
last
month—an
pound
express
1944.
miles
jv,,.';
■
of
10.37%
the
during
up
over
the
mile system which links Los Angeles, San Francisco,
Cheyenne,
Salt Lake
Huron
D.)
<S.
cash.
During
w
period
City,
Butte,
Helena, Billings, Pierre,
Can.—V. 162, p. 1932.
and Lethbridge,
Rapid
Western Maryland
1945—Month—1944
$2,417,382
1,898,754
revs.
♦Operating exps.
A.
o. Becker As Co., Inc.
Blair & Co. —r
Net
Taxes
Republic Co.
rev
1945—9 Mos.—1944
$518,628
—
the
to
July
28,
certain
the
1945,
additional
acquired
company
its
real
facilities
(principally four cranes, and generat¬
owned by the Washington Tin Plate Co.
acres, is located in Canton Township,
The main manufacturing building contains
ing
equipment) formerly
property, comprising
Washington County, Pa.
The
approximately. 67,800
Operating
Equipment
feet
of
space
and is of steel and tile
construction.
This building, part of which was first built about 1910,
has been enlarged from time to time
by its former owners, the most
recent addition
being in 1937, when approximately 10,000 square feet
were
added.
Net
$684,754
$8,599,729
4,353,000
Cost
Other
considers
company
tion)
is
well
adapted
that
to
in
its
general
plan (not yet
operations.
proposed
CAPITALIZATION ADJUSTED
TO
in
the
EFFECT
GIVE
TO
01
buying
warrants
Prior
170,000
for
to
the
Oct.
shares
reserved
purchase
2,
of
the
tor
—52 Weeks Ended—
170,000 shs.
exercise
of
subscription
the authorized capital stock of the company
consisted of 110,000 shares of capital stock
(par $10).
By amendment,
effective Oct. 2,
1945, the company was authorized to issue 500,000
-shares of common stock
(par $1).
Pursuant thereto the company
issued as of Oct. 2,
1945, 10,890 shares of common stock (par $1) in
exchange, share for share, for (a) 8,270 shares of capital stock (par
$10), and (b) notes of the company payable in stock evidencing receipt
by
the
1945,
of
company
aggregate
an
aggregate of 2,620 shares
per share.
the
of
of
$26,200
capital
from
stock
subscribers
the
of
for
SUBSCRIPTION
WARRANTS—By resolutions of the board of direc¬
adopted Sept. 26, 1945. the company has authorized the issue of
subscription warrants for the purchase at $10 per share of 170,000
shares
of
its
will
and
outstanding
the
holder
share
of
of
from
Oct.
each
the
for
warrants
price
of
has
pany
also
3,
the
of
S.
T.
granted
each
Fitch
to
Singer
30,250
at
shares
of
each
of
135,000
proceeds
covered
proceeds
shares
from
be
to
issued
share
represented
be
not
by
the
exercisable
if
the
underwriters, the right
purchase of an aggregate
per share, at the price of
$10
by
the
be
to
sold
other
the
received
10
warrants.
through
pany's
at
the
by
from
company
together
sale
with
costs
—
for
28,874,291
doubtful
gen.
dated
note,
balance
working
of
Aug.
capital
provide
for
the
17,
in
1945,
to
nrocteds
finance
variables
in
plant
UNDERWRITERS—The
and
the
its
will
favor
be
of
First
retained
National
Bank
of
the
are
the company
operations and
underwriters
respective number of shares severally
underwriter,
by
development and
and equipment charges.
r.ames
to be
of
135,000
Shares
Singer, Deane & Scribner. 24,500
Glover
Geo.
1,000
Hill
5,000
Jenks, Kirkland & Co
Johnston, Lemon »& Co.__
Applegate
Boettcner
George
&
Co
B.
Bonbright
Co.
Blair
&
MacGregor,
Richards
ez
Inc.
8.500
Claybaugh & Co._
Cunningham & Co.,
Maine
5,000
Putnam
Inc.
2.500
TRANSFER
Reed,
8,500
Doolittle, Schoellkopf & Co.
Thomas
AGENT—First
National
8,500
&
Lear
&
Bank
Co.--
Co
&
1,500
8,500
8,500
19,500
Co
7 000
Co
at
1,500
Pittsburgh.—V.
162,
1810.
p.
West Virginia Coal & Coke Corp.
Period End. Sept. 30—
^Net profit
No.
of
com.
Earnings
1945—3 Mos.—1944
$849,977
shares
420,000
400,000
420,000
400,000
share
go.71
$0180
$2.02
and
Federal
taxes.—V.
Ended
Sept.
162,
accounts
p.
30—
Crl,319
1945
589,186
Cr23,401
Crl8,174
Gross
Net
excess
__2:
1946,
1,
of
said
be
may
bonds.—V.
received
162,
upon
1810.
p.
plus accrued
present presentation
.
162, p.
■'
„
to
.
estimated
profits taxes.—V.
reduction
162, p. 884.
of
1945
ry.
1944
1943
1942
$4,617,889
$5,120,838
$4,945,354
$3,862,353
1,501,168
2,261,135
2,628,524
1,801,154
1945
railway
407,781
772,212
831,685
1,099,467
44,867,275
37,875,413
25,921,438
17,328,136
14,189,441
36,282,662
17,531,194
4,847,841
5,187,228
8,813,717
6,922,521
income
oper.
Net
from
railway
railway
from
Net ry.
—V.
__r
income
oper.
162, p.
-
10,200,963
1932.
22,185
28,588
946,173
43,550
$831,297
$755,355
$910,493
-
made in
was
issue of Oct. 29 of the offering of
our
(no
par) subject, with respect to 33,639 shares, to prior exchange rights of present stockholders, by A. G. Becker
& Co., at $103 per share.
Further details follows:
OFFERS—Company offered to holders of outstanding $5
EXCHANGE
prior preferred shares and to holders of outstanding 6%
convertible orefeired shares an
opportunity to exchange
cumulative
cumulative
for
shares
cumulative
$4.25
shares
preferred
following
the
on
respective
(a)
bases:
Each
prior
preferred share may be exchanged for one $4,25
plus $0.42, which sum represents the difference per
public offering price of a $4.25 preferred share
redemption price, plus dividends to Nov.
1,
1945, ol a prior
preferred
and
share
initial
between
preferred share may be exchanged for 51 100 of a
$4.25
preferred share, plus $0.22, which sum represents difference
between initial public offering price of fifty-one one-hundredths of a
$4.25 preferred share and redemption price, plus dividends to Nov. 1,
1945, of a 6% preferred share.
The exchange expired Nov. 30.
The
new
preferred stock is redeemable at $107 per share on or
before June 30,
1948: at $106 per share thereafter and on or before
June 30, 1950; at $105 per share thereafter and on or before June 30,
1952: at $104 per share thereafter and on or before June 30, 1954,
and at $103 per share thereafter, plus dividends in each case.
Entitled
in preference to 6%
preferred shares and common shares, in case of
voluntary dissolution or liquidation to a price per share equal to the
then current redemption price, and in case of involuntary dissolution
(b)
6%
Each
intends
LISTING—Company
cumulative
plus dividends in each case.
to $100 per share,
liquidation
or
shares
preferred
PURPOSE—Net
make application to list the
the Chicago Stock Exchange.
$4.25
the sale to the underwriters of
those
to
on
proceeds from
$4.25 preferred shares not issued in exchange for prior
preferred shares and 6% preferred shares will, to the extent necessary,
the
01
35,000
1946, of the
011
as may be
necessary to reduce the number of outstanding 6%
preferred shares to
20,000.
The net proceeds received by the company in excess of the
amount necessary to effect such redemptions will be applied to payment
of
the
expenses
incident to the financing, and any
balance not
expended for the above purpeses will be added to working capital
be
applied by the
prior
the
date
used
for
company
shares
preferred
same
and
the redemption
to
on
so exchanged and to
number of 6%
preferred
not
such
of
284,327
$307,435
income
and
A.
licensing
it
reasons
is
not
■
Corp., Chicago
EFFECT TO
GIVING
.
mtge.
to
1964
3'%%
note
Northwestern
Jan.
the
1,
redemption
shares
PRESENT FINANCING
Authorized
Outstanding
Crowell,
Olufsen,
President of
Copenhagen,
The Bendix
facture
this
Denmark;
the
and
St.
George
which
corporation,
preferred shares (no par)
conv. pfd. shares ($50 par)
cumul.
stock
cAn
terms
(no
additional
of
$1,000,000
first
the
+500,600 shs.
par)
mortgage
available
is
so
long
as
to
the
annual
263,510 shs.
$20,000
Aviation Corp., which
is leported to have plans to manu¬
program, expects to produce
different fields of application.
seven
tained
recorders
(including pocket models); recorders for installation
trains, ships and planes for entertainment purposes; re¬
devices for use in connection with the operation and control
railroad
on
mobile
vehicles,
and
recorders for use in
specially
various
•
designed
super-sonio magnetic wire
testing work in pure
types of research and
and
Applied science.
.,
Operating 26 divisions, Bendix produces
in the fields of commercial and non-commercial entertainment,
dictating machines, units for use in transportation communi¬
and in connection with photography, motion pictures and pro-
spring
business
cation,
Jectors
■
'
'
»■"' • '■
aVf'-"0 ■ \
During the war, Pyrox Proprietary, Ltd., of Melbourne, has been
manufacturing various electrical units of high precision for aircraft;
such as bomb selector switches, jettison switches and relays of various
1
types for gun firing and radar work
Among the applications for which
this Australian company plans to manufacture Armr.ur magnetic wire
recorders
sound
radio
are
receivers,
use
dictating machines, and
in schools and other educational
business
institutions.
The
St.
■"
Recording Equipment Co.
George
1
.
' ■>
,
'
will produce recorders for
application in five different fields, including self-contained units, ma¬
chines especially designed for advertising purposes; commercial enter¬
tainment
devices
including single reproducers and multiple
record
players, and recorders designed for medical applications in diagnosis
and study of human ailments.
St. George has manufactured recording equipment and photographic
t
turing Co., Kansas City, Kansas; Ansley Radio Corp., Long Island
Y.; Automatic Electric Co., Chicago, 111.; Boosey and Hawkes,
N.
City,
Ltd.,
Elkhart, Ind.; General Electric Co.,
Syracuse, N. Y.; The Hallicrafters Co., Chicago, 111.; Hammond Instru¬
ment Co., Chicago, 111.; Meissner Manufacturing Co., Mt. Carmel, 111.;
Packard-Bell
Co.,
Los
Angeles,
Calif.;
Radiotechnic
Laboratories,
Evanston, 111.; E. H. Scott Radio Laboratories, Inc., Chicago, 111.; J. P.
Seeburg Corp.. Chicago, 111.; Sonora Radio and Television Corp., Cl.icago.,
111.; Stromberg-Carlson Co., Rochester, N. Y.; United States
Government,
War
Department,
Army Service
Forces,
Washington,
D. G\; Utah Electronics (Canada), Ltd., Lqngueil, Quebec, Canada; Utah
Radio Products Co., Chicago, 111.; Webster-Chicago Corp.. Chicago, 111.,
and Wi'-Recorder Corp., Detroit, Mich.
London. England;
C. G. Conn, Ltd.,
Wisconsin Central Ry.—Earnings—
Gross
from
Net
from
ry.
Gross
from
from
Net
ry.
♦222,750
railway
162,
•,
16,911,566
3,834,153.
——
4,593,568
1,646,384
—-
p.
v
15,975,402
——.
income
2,474,821
1559.
Service Corp.—Weekly Output—
Oct. 27.
kwh. for
0.1%.—V. 162,
of this corporation for the week ended
11,318.000 kwh.. as compared with 11,311,000
output
totaled
corresponding
week
2065.
p.
237,111
f.
......jv--
Wisconsin Public
Electric
the
481,052
income
♦Deficit.—V.
1°45,
$1,845,991
♦51,897
railway
cper.
1944
1945
$1,743,189
railway
railway
oper.
Net
last
year,
an
increase
of
_
?
Illinois
incorporated
in
assumed
present
the
department
in
Park-River
in
name
1907
in
business,
as
1928.
established
in
1883,
V/.
A.
Wieboldt & Co.,
Company" operates four
was
and
retaii
stores located in neighborhood business centers in Chicago,
Evanston. a suburb of Chicago, and a sixth in the Oak
Forest
Each
of
these
outside
of
the
suburban
stores
is
downtown
in
business
a
area,
separate independent
but
the operation
shopping district
is completely
inte-
1945
September—
from
Net
from
Net
ry.
$2,604,822
railway
756,534-
railway—
cper.
income—_
1943
1944 ; ;
$4,082,186
$2,765,726
2,131,427
863,720
309,489
606,561
„
1942 :
83,774.334
230,938
2,141.239
1,794,332
From Jan. 1—
Gross
Net
district.
Mississippi Valley RR.—Earnings—
&
Yazoo
Gross
BUSINESS AND PROPERTY—Tne
•
armed forces during the war, including a radar camera,
one of its type manufactured, which the Air Corps has used
to photograph the radar screen as used on B-29 bombers.
These four new licensees bring to 24 the total number of manufac¬
turers who have been licensed to produce Armour magnetic wire sound
recorders in various fields of application.
They are: Aireon Manufac¬
the
for
the only
gear
common
cumulative
fifth
\.
<
a wide variety of aviation,
marine and industrial products, with patents on hundreds
of related products which it has developed.
j
^
Bang and Olufsen, one of Denmark's largest radio manufacturers,
plan to begin production of magnetic wire sound recorders late next
PiatJU
automotive,
company
under the
commitment fees ol
shares are at present reserved for conversion of
convertible preferred shares; the number of shares so
reservedwill he reduced to 20,000 upon the reduction in the number
of authorized 6% cumulative convertible preferred shares.
recon¬
magnetic wire sound recorders itv
In addition to incorporating wire recorders in home radio receiving
sets, Bendix will manufacture wire recdrd business dictating machines,
adaptor units for use with existing home radios J portable, self-con¬
are
£60,000
th^
Pyrox Proprietary, Ltd., Mel¬
Recording Equipment Co., New
From Jan. 1—
"$2,784,767
50,000 shs.
t35,000 shs.
20.000 shs.
20,000 shv.
-v.
handles
1,000,000 home radios yearly as a part of its peacetime
version
Net
due 1946 to
Mutual Life
CO.
Four
—
program for the Armour
of Technology, on Nov. 2
September—
First
always
Research • Foundation of Illinois
announced the licensing of four
additional manufacturers, including Bendix Aviation Corp., to produce
Armour magnetic wire sound recorders.
Other new licenses are Bang
general corporate purposes.
CAPITALIZATION
45,760
$591,762
possible.
os
especially designed machines for
share.
preferred
6%
$548,086
Lucius
^
share
mechanical
to arrange
companies in exact alphabetical
However, they are always as near alphabetical
Wire Recorder Development
of
Wieboldt Stores, Inc.—Preferred Stock Offered—Men¬
tion
series.
$546,002
possible
cording
66,037
Federal
427,714
2,151,157
•
2065.
p.
bourne, Australia,
York, N. Y.
From Jan. 1—
Gross
a
income
155,207
326,253
1,143,000
v
tax
profit
162.
and
1810.
Pacific RR.—Earnings-
182,089
$274,075
deductions—
$2,396,039
273,279
374,743
profits tax
(net)_____
adjustments (Cr)
year's
Institute
.
88,242
274,012
.—.
other
$2,469,900
de¬
excess
profits
Net
price,
117,841
39,795
income
and
New Licensees—
continued,
Such fees have been paid to Jan. 15, 1946.
There is no present intention to increase the principal amount.
fBy resolution of the board of directors 35,000 shares have been
designated $1.25 cumulative preferred Shaves and constitute the initial
157.950
,
clared value
Excess
position
20,209
;
.
$2,153,254
142,785
143,679
surtax
NOTE—For
121,738
I
205,762
$3,523,063
tax,
order.
,
taxes
amortization
♦Equivalent
$757,654
184,509
Income
and
$767,188
82,610
I
depreciation
income
Interest
$85,295
Exchange Offer Withdrawn—
from
Net
1944
$1,571,373
593,217
charged to construction—
02,461
$2,264,138
income
income
of
September—
from railway
Net
Cumul.
$508,291
Other
$85,244
7,714,255
3,978.
$2,871,794
Chesapeake & Ohio Ry. above'.—V.
Common
$1,645,123
General taxes
♦Special
$2,619,526
__—
Gross
$2.40
611.
2
expenses
Federal
8176,531
Maryland, Baltimore, Md.
payment
of
the
full
redemption
Western
0%
revenues
fbr
2,435,095
26,618,839
$3,352,871
%;<
170,192
deductions
Bonds—
Jan.
to
Stock
IllS.
Maintenance
Provision
>
Co.—Earnings—
Operation
Gen.
2,433,086
$961,223
charges
Operating
of
surrender
See
1945—9 Mos.—1944
$320,145
West Virginia Water Service
Years
(& Subs.)—Earnings
$298,551
per
•'•■After
and
4,000
Maxwell, Marshall & Co.__
Ncwburger & Hano
Secutitles
7,791,342
exp.
of
all
interest
4,000
Co
8.500
Sherrerd
F.
K.
&
8,500
Butcher
S.
&
D.
to
shares
purchased by each
Shares
G.
as
follows:
as
269,344
,
27,065,773
8,171,770
——_
$5,306,889
$225,628
51/2%
Immediate
the
directly
Pittsburgh.
The
$5,052,612
265,082
projects
Co.
their
underwriters,
the
23,110 shares to be sold
intervention of the underwriters,
the
$445,875
July 31, '43
,
company
Trust
to
of
by the company
and tne proceeds of sale
of the subscription
warrants for the
purchase of 85.000 shares, are
estimated at $1,373,100.
Of
this fund,
it is expected that $70,000
will
be
used
to
retire
the
mortgage upon the company's land and
buildings and that $787,355 will be used for the purchase and installa¬
tion of machinery and
equipment.
Engineering fees to the estimated
amount of $37,950 are to be
paid in addition to the amount stated for
machinery.
It is intended that $60,000 will be used to retire the com¬
without
250,942
35,000 shares Of $4.25 cumulative preferred shares
-
covered
and
stock
common
share
stock
right to purchase subscrip¬
shares at.$10 per share, at
by the warrants.
Com¬
Deane <fc Scribner,
the principal
share
for
for
aggregate of 35Jjob
shares of com¬
158,110
common
$5,055,947
269,124
has called for redemption on Jan. 1, 1946, at 105 and
the outstanding first and 'refunding mortgage 5Vs>%
gold bonds, series A, due July 1, 1977.
Payment will be made at
the
Manufacturers
Trust
Co.,
New York, N. Y.,
or
at the Union
or
purchase of 54,750
for
The
upon the
exercise thereof
to purchase an additional
each
stock.
underwriter, on behalf of itself
subscription warrants
PURPOSE—Net
and
certificate
for
on
________
an
of
Subscription warrants shall
purchase
cents
of
for
shares
1945,
stock
certificates
cents
10
purchase
11,890
warrants
1950.
31,
certificates
such
Company has granted to
tion
the
for
common
the
before Dec.
the
and
of
as
respective certificate.
detached
to
offered
now
the exercise of such
upon
or
for
attached
stock
one-half
on
warrants
be
mon
entitle
and
1947,
Subscription
shares
stock
common
2,
$4,783,488
30,137
an
tors
after Jan.
$415,738
_\
amort,
acct.
interest,
value of $10
par
Other
V Year End.
July 28, '45 July 29, '44
income
Total
-V.
defense
stock.
common
Drl35,007
$490,710
income
♦Incl.
Outstanding
♦500,000 shs.
Drl4,201
$463,196
7J4 "■•-'
}
opera¬
Calls
(par $!)___
Dr 11,242
income
charges
14 2Q
11*43
■
Operating profit
Cr374,660
per¬
them
7"?^*°
——.1—L~T"'
$4,816,294
Cr682,314
Drl45,555
27,514
Fixed
PRESENT
Authorized
stock
♦Includes
$4,246,729
is
.
:
'
Publicity, sell. & admin. &
Prior
Gross
FINANCING
Common
$409,754
Cr20,185
income
Net
The
$393,628
(net)_
the
*
-
.
5,177,000
inc._
and
by each of
*
•
.
$9,993,294
275,000
Cr80,810
rents
oper.
ry.
It
discounts, etc.
$4u,397,614 $37,118,791 $36,490,327
goods sold, occupancy and t
■
Normal
7.75
square
facil.
Joint
income
rents,
shamlv
1945.
^
Harris, Hall & Co. (Inc.)—
Bacon, Whipple ■< & Co.,
Other
buildings
estate,
purchased
-
__
On
and
been
28
underwriters
be
*
,
—
(Inc.)__
Gross sales, less
125,000
oper.
has
RESULTS FOR FISCAL YEARS
$2,771,683 $26,678,903 $27,726,970
2,086,929
18,079,174
17,733,676
bv
so that it reached
_
William
Central
Provision
Steel
oercentage
City,
Ry.—September Earnings—
Period End. Sept. 30—
Operating
of
names
centages of the underwritten shares
as follows:
»•
-
30,-
San Diego, Denver,
this
are
month
company's 4,196,-
sold
Upon **1° removal ot restrictions imposed by Regulager percenta8e of sales will be on a charge or instal-
i
ment^oasis
I
chalked
were
in its normal
generally
July
for
the
over
corresponding
merchandise
aimroximatefvUfi4v ?hC the fiscal of Regulation W,
°pf'ratl0^ year ended
approximately 84%
in
of
v,.
increases
Air's
increase
flown
■
of
promoand is
community
ln Popular priced merchandise.
.,year approximately 62% of the sales were made
the war
UNDERWRITERS—The
flown
were
910,257
of
its
PUbhC tra.nsportatlon to customers
In*^thifjasfSIS??8' bUt specialize
for
The
770,952
warehousing and sales
4u,a *eadm8 department store in
Vrea
6.6tor®s handle the full line
i
the
over
W m"chanclisi»K,
riJri'n
trading
Express pounds carried by Western Air in September, 1945 increased
56.62% over the corresponding month of 1944.
The 1945 figure was
108,028 while the 1944 figure was 68,975.
34,114,627 express pound
nickel
&
Iron
302, 304 (the 18% chromium—8%
16%-18% chromium grade).
(the
430
►*.«!»»
and
sales
types number 301,
and
1 *>* ***r* V
Period—
was formed under the laws of the Common¬
Pennsylvania on April 16, 1945.
It is the intention of the
company to engage, by modern machinery and methods, in the rolling
and finishing of stainless steel
up to 36 inches wide in sheet and strip
form, in thicknesses ranging from .078 inch to .004 inch, and to
grades)
X'. »*.'*• *1**
September's figure totaled 9,522,697 miles, as against 5,653,649 during
1944.
Last month's figure alsb indicated a 4.27'% increase
the August figure of 9,132,364.
»
of
Institute
'
•
over
COMPANY—Company
wealth
1
-
September,
September,
1945
September, 1944.
•
»>
Western Air Lines, Inc.—Sept. New Peak Month—
same
2065.
p.
" i
During September, the first peacetime month, figures for passengers
and cargo flown by
this Corporations planes continued to soar up¬
ward to the highest peak in its 20-year
history, according to art
announcement on Oct. 30 by Thomas Wolfe, Vice-President.
Revenue
Warren Petroleum Corp.—20-Cent Distribution—
share
Vv «•*»
••
THE COMMERCIAL & FINANCIAL CHRONICLE
Net
from
from
ry.
25.465,903
27,029.859
28.301.434
25.078.799
railway-—
8,605.423
10,257,052
11,236.728
12,556,969
income—
3,257,144
3,765,024
4,630,725
9,UV 2,255
railway-
oper.
—V. 162, p. 1810.
;
r
The
>
issued
on
amounjt
Sept. 30, 1945 totaled $272,258,643,904, thus leaving the face
obligations which may be issued subject to the $300,000,000,000
statutory debt limitation at $27,741,356,096.
In another table in the
report, the Treasury indicates that from the total gross public debt
and guaranteed obligations of $262,565,312,191 should be subtracted
$1,035,784,009 (outstanding public debt obligations not subject to debt
limitation), and to this figure should be added $10,729,115,722
unearned discount on U. S. Savings Bonds).
Thus the grand total
of
(the
public debt obligations outstanding as of Sept. 30,
$272,258,643,904.
S: Section 21 of the Second Liberty Bond Act, as
of
to
1945 amounted
of obligations
vides that the face amount
time."
t
standing and the face amount
M
face amount of obligations out¬
following table shows the
The
.
which can still be issued under this
limitation:
amount that may be outstanding
Total face
•'
>
$300,000,000,000
at any one time
1945—
Outstanding Sept. 30,
Second Liberty Bond Act, as
Obligations issued under
Interest-bearing:
amended:
Bonds-
Treasury
I
A
-
$107,048,680,000
57,470,316,775
516,018,500
500,157,956
.
(maturity value)
'"Savings
__
Depositary
Adjusted service
17,018,335,000
Total interest-bearing
interest ceased
Matured,
Exc.
Total
1,251,881,114
$271,713,745,095
.
of
37,080,286
P. H. A
Debentures:
&
not
first
526,742,534
3.
ical
data
to
of
;;|g
lenders
and
similar
will be utilized in any un¬
dertaking involving one or more
groups
of these groups.
S
^
m
RECONCILEMENT WITH STATEMENT OP THE PUBLIC DEBT—SEPT. 30, 1945
m
both
Total
'
*
30, 1945:
public debt
gross
$262,020,413,382
544,898,809
owned by the Treasury
Guaranteed obligations not
is
3.
Total
effort will be
duplication and
conflict and results of all tech¬
redemption
i;
$10,729,115,722
value)
{4,
1943
1944 Jan.- Apr.- July- Oct.- Jan.March June Sept. Dec. March
38.7
45.4
47.9
11.0
29.5
37.8
40.0
9.2
10.7
8.7
12.3
10.3
14.0
11.8
10.2
8.4
4.9
+11.4
+15.3
+16.9
+
.4
+2.1
+ .2
+3.3
+ .2
+6.2
+ .2
+5.4
+ .3
+4.9
+ .2
U.
a.
.9
gan
1,035,784,009
3.4
+
1.8
+
2.4
+
3.8
+
4.4
+
4.9
+
6.9
+
7.8
+1.0
+1.9
+
.8
+1.1
+1.9
+ .7
+1.2
+1.9
+1.0
+1.1
+2.1
+
2.8
+
8.0
+11.1
+
.8
+
1.9
+11.8
+ 3.6
+3.9
+1.1
+2.6+2.3
+1.2 — .1
+3.0
+1.5
.2
—
.1
+
.2
—
.1
—
.1
.5
+
.3
_
.2
—
.6
—
.1
Other U. S. Government
State and local govs—
Corporate
e.
$272,258,643,904
Approximate face or maturity value; current redemption value $46,741,201,053.
—
Total
and
other—
_
+
5. Non-farm
2.5
+
2.9
+10.1
1.6
+
3.0
+
+
.9
+
.1
+
2.1
+
1.5
Change in debt
minus b.)__
?6. Automobiles & other durable
the
Saving
Receipts to September 30
of Census issued
Bureau
•*7. Liquidation
*
Yf
State—
i
•
,
at.mills
1945-46
IV
:
Received
,
,
COTTONSEED
United States
,
1944-45
Aug. l-Sept, 30
10.8
that all mail, including parcql
post, may now be sent to Poland.
In his advices Postmaster Gold¬
+
2.7
+13.8
O
—
.4
—
0
.1
+2.1
+3.4
+4.7
+14.7
0
0
0
+4.5
man
.3
+1.1
—
1.0
+
+
1.3
+
.2
.1
+
.2
+
—
.3
+
0
.2
+
+
.8
+
.8
+
0
.3
—
+
.2
.1
.1
+
+
.2
0
.2
+
—
+
.1
.1
.2
tGross
+7.6
6.6
+
7.2
+
+
+1.8
+1.8
1.6
.6
—
___
+
2.9
1.0
+
—
.3
+
.3
—
.2
+2.0
1945-46
1944-45
Aug. 1-Sept. 30
1944-45
Sept. 30
1945-46
0
.
—
.4
+
.2
financed by
§New
by brokers and
automobiles and other
limited to non-per¬
ishable items which are not pro¬
hibited in the parcel post mails to
Poland.
Registry service for par¬
cels is not available as yet.
of
one-
to
four-family nonfarm
homes less
net acquisition of
properties by non-individuals.
1,073,258
368,380
453,065
427,244
738,449
Alabama
75,443
94,433
46,173
44.480
39,826
57,090
above include all
Arkansas________
15.867
40,928
39,953
79,504
49,585
61,882
21,265
45,102
22,061
26,551
28.896
48,593
80,657
150,443
durable consumers'
consumption goods.
The other segments of individuals' debt have been allocated to the assets to which
they pertain, viz., saving in savings and loan associations, insurance, securities and
...
Georgia——
76,234
109,657
118,261
Louisiana
49.201
73,169
119,889
212,450
Mississippi
;
North
Carolina-.—
Couth Carolina
Tennessee
7.074
56,638
84,073
48,017
12,897
23,777
9,307
31,627
61,082
28.868
-
76.231
21,395
34,211
11.985
5.171
75,042
16,789
30,254
2,572
97,733
93,700
174,588
4.181
14,184
13,046
50,321
♦Includes 992 tons destroyed during 1945-46.
and
g"
Note—Figures
157,532
61,561
l944>
nor 8,037
on
revised Department of Commerce data.
passenger
cars
The figures shown
sold in the United States.
are
rounded and will not necessarily
data
and 14,196 tons reshipped
SHIPPED
OUT,
AND
ON
add to totals.
merchandise.
matter
papers
Produced
Shipped out
On hand
Aug. 1
Aug. I-Sept. 30
1
1945-46
♦55,121
113,257
96,163
(thousand pounds)_(
1944-45
29,759
134,960
105,859
I
1945-46
£275,625
§108,129
(thousand pounds) _(
1944-45
239,934
]
1945-46
52,258
89,300
163,329
166,026
49,561
J
1944-45
28,050
201,901
168,453
61,498
,86,671
107;982
87,507
14,793
88.070
34,705
18,576
**109,195
74,985
tt52,786
129,387
114,852
76,455
Refined oil
Cake and meal
(tons)
7
—r
Bulls
*
1945-46
(tons)
•
Linters
—I
(running
Y
1945-46
bales) __j
J 944-45
Grabbots, motes, Ac.
(600-lb. bales)....!
/
1944-45
i
Bull
v
61,697
1944-45
fiber
facturing
61.920
.
1945-46
(800-lb. bales)
+
Aug. l-Sept. 30
Sept. 30
t50,036
165.134
60,861
1,925
1,206
1,042
476
3,775
2,828
1,423
1945-46
2.-151
3,715
2:964'
3,202
1944-45
10,025
4,430
5,622
8,833
,
Y
7«T»hi ZZ^ r«,011 mias> 27,297,000 pounds
establishments, and 6,501.000 pounds in transit.
at refining and manu¬
facturine^ihi^hm^0 P°U?d® &t oil mills- 12,364,000 pounds at refining and
establishments, and 9,255,000 pounds in transit.
facturing
I8.034 00O
manu-
^u„d. he!iTuS/aM ta'SUyT' manu,aclurl"S establishments,, and
^Produced from
Ttlncluaes
ii'SfiS Sa!es f^rs* CUV 73'770 bales second cut. and 10,897 bales mill
11,365 bales first cut, 35,550 bales second cut, and
An
ing
agreement designed to avoid duplication of
for
and samples of
are
printed
commercial
merchandise,
limited to one pound per
Printed matter for the
weigh up to 15 pounds
The postage rates are
those which were' in effect prior
to the suspension of the service.
Registry
and
special delivery
services are available.
The fee
run.
5,871 bales mill run.
6
effort and call¬
continuous exchange of data and information has beep
between the Department of Commerce and the National
a
reached
"is
the
tion
de¬
economy
sets
forth
of adequate informa¬
guide to policy formation
of housing and as a
velopment
tion
in
as
the
a
field
to
the(residential build¬
industries as
well as local officials dealing di¬
rectly with housing."
ing
and
industry plays in the nation's
and in reaching a high
level of productive employment
it (the Division) will be con¬
cerned with the development and
that
concerned with the
derstanding
NHA
financing
.
.
.
improvement
ures
Its
basic meas¬
of the
of construction activity.
will
information
function
thesize
.
.
.
be to syn¬
from several
...
ounces.
for each is 20
Housing Agency, it was announced on Oct. 26. Signed by Secretary
of Commerce Henry A. Wallace and NHA Administrator John B.
Blandford, Jr., the accord covers working relations between the re¬
cently
established
Construction^
The Construction Division, ac¬
Division
in
the
Department's
Bureau of Foreign and Domestic cording to the agreement "is con¬
cerned with the role the construc¬
Commerce and the NHA. The un¬
service
118,125,000 pounds of crude oil.
7R0hU'rf00! po"nds and refining and manufacturing establishments, and
pounds held elsewhere «t
in transit.
12
12,780,000
+ tTnrinri«
blind,
blind may
Agreement Between Bepartment of Commerce
And NHA to Avoid Duplication of Effort
64,726
11207,918
323
Y I
for the
package.
Season
Crude oil
include
papers and samples of
Printed
matter,
except
different sources. Because of the nature of the figures, current
are necessarily estimates and therefore, are subject to revision.
HAND
beginning
of Season
Products-
to
printed matter in general, printed
the blind, commercial
dise
On hand
at
post cards,
service has also
matter for
during the seasons 1945-46 and 1944-45.
$
been ex¬
classes of
regular mails—letters,
foregoing data have been compiled by the Commission from
The
are
all
Mail
tended
many
Does not include 219,340 and 118,256
respectively,
new
homes.
54,565
219,586
11.407
All other states
Based
•♦Largely attributable to purchases of automobiles and other
goods, although including some debt arising from purchases of
32.543
188,122
...
Texas...
^Purchases.
addressee.
to or for the same
Contents
dealers or by other individuals
bank loans.
construction
prior to
pounds and that only one parcel
a week may be sent by or on be¬
half of the same person or con¬
cern
net purchases
include
to the same
as were in effect
suspension of this service. Mr.
Hannegan said that the weight of
each
parcel
is I limited
to
11
+1.7
Does not include
saving of the types specified.
excluding purchases of homes as well as of
saving
ordinary par¬
resumed, sub¬
rates and con¬
ditions
durable consumers' goods.
not
post service is
ject
corporate or government saving.
tDoes
said:
Effective at once,
of debt, not
♦Includes unincorporated business
On hand at mills
Crushed
^RECEIVED, CRUSHED* AND ON HAND (TONS)
*577,276
+
Albert
the
+
classified
elsewhere
the following
the month ended September 30, 1945 and 1944.
'
(a.
consumers' goods
state¬
ment showing cottonseed received, crushed and on hand, and cotton¬
seed products manufactured, shipped out, on hand and exported for
15
3.1
cel
§a. Purchases
c.
Oct.
+
dwellings:
b.
Cottonseed
Goldman
Oct. 15 to an
announcement
issued
by Post¬
master General Robert E. HannePostmaster
+1.4
0
2.1
Now Be
Sent to Poland
+ .9
+1.0
+1.9.
c.
d.
On
.9
+
3.8
+
b.
9,693,331,713
>.-•
.6
+
insurance. +
savings bonds
S.
exchanged.
directed attention on
.3
+
All Mail May
Securities:
debt oubligations
subject to debt limitation
not
1942
insurance
Government
Deduct—Other outstanding public
research will be
+
Total
S.
nical
avoid
to
1945
+
Private
b.
c.
U.
on
Savings
a.
Bonds:
discount
UNITED STATES*
dollars)
Insurance*^pension reserves
$262,565,312,191
debt and guaranteed obligations
between maturity value and current
-(Difference
ijs
public
gross
Add—Unearned
for
aid to technical
ing programs of
research,
every
10.4
saving
Gross saving by type:
1. Currency and bank deposits
2. Savings & loan associations
need
great
a
24.3
saving
tLiquid
Outstanding Sept.
h
of
is
construction research,
within and outside the Fed-r
Government.
In develop¬
technical
1941
Gross
(Daily Statement of the United States Treasury, Oct. 1, 1945)
i
There
6.
unincorporated business (net
1944
27,741,356,096
obligations issuable under above authority..
Balance face amount of
prevent duplication cf effort
to facilitate the combination
resources of the
agencies on
specific projects.
5. The established
contacts of
the
NHA
with home builders,
saving is based on data pre¬
IN THE
(Billions
1941-1945
between
be set up
and
made
INDIVIDUALS
SAVING BY
Division
liaison
agencies will
two
eral
272,258,643,904
total outstanding
of
use
The Construction
develops.
4. A working
preceding
may
provide the NHA with the
and analytical information it
will
following table.
GROSS
Grand
maximum
terial.
$544,898,809
l/ta
Division
Construction
the
that the
make
this ma¬
of its activities so
result
1945.
sented in the
;n
of the data and analyt¬
information available, as the
summary
mortgage
inventories of
in
The above discussion of individuals'
18,156,275
interest ceased.
Matured,
well
as
corporations.
not reflect the increase
does
quarter of
489,662,248
C. C. C.
Demand obligations:
parts of the housing industry
as for local communities.
The
NHA
will provide a
ous
Individuals'
analysis
this
and
operation of its program, and as a
source of information for the vari¬
change in notes and accounts payable).
Although the amount of this increase
known, it is believed to have been in the neighborhood of $100 million in the
the
is
Interest-bearing:
*■
substantially less than in the
was
in the formulation
aid
an
as
the
tThis
+
of housing
saving includes unincorporated business saving of
types specified in the attached table.
Corporate and Government saving are not
included.
The change in individuals' equity in Government insurance is, however,
considered as part of individuals' saving.
♦In
comprehensive system
research and statistics
NHA for a
added $4.9
their hold¬
ings of U. S. Government securities, $1.0 billion to their equity in
Government insurance, and $900 million to their equity in private
insurance, mostly life insurance. They also paid off $200 million of
consumer
indebtedness o,ther than mortgages.
At the same time
they reduced their holdings of corporate securities by $300 million.
The $4.9 billion increase in cash and deposits was at a somewhat
lower rate than in the previous quarter. Ii$ spite of the heavy tax
payments which showed their effect on total liquid saving, time and
savings deposits increased by the record amount of $2.3 billion, a
continuation of the trend established in 1944. Individuals' demand
deposits increased $2.1 billion, about the same rate as in the last
quarter of 1944. Currency showed a much smaller increase of ap¬
proximately $500 million, reflecting seasonal factors. In the absence
of a War Loan Drive, the $1.4 billion of saving, in the form of U. S.
three months of 1945, individuals
bank deposits, $1.4 billion to
billion to their currency and
substantial debt retirement by
obligations (not held by Treasury):
Guaranteed
merce
144,678,750
1,107,202,364
refunds bonds
prof, tax
Department of Com¬
recognizes the need of the
The
2.
components of individuals' saving in the first
quarter of 1945, private and Government insurance continued to
grow at the same high rate as in prior quarters.
Individuals also
showed the first liquidation of consumer debt for close to a year,
largely as a reflection of seasonal factors. The $300 million decrease
in holdings of corporate securities was due for the most part to the
104,627,941,600
in this area,
vision
mission also said:
securities
.
recognizes
the
need for over-all studies and data
on
the construction industry and
will assist the Construction Di¬
including approxi¬
payment oi which
advices the Com¬
income tax payments made during this quarter
mately $1.5 billion of fourth quarter 1944 taxes,
was postponed
to January 1945. In its June 27
•'
fol¬
NHA
The
1.
Of the remaining
$270,163,114,831
298,749,150
—
Bearing no interest:
'War Savings Stamps
lowing arrangement:
quarter.
$165,535,173,231
44,115,497,000
Treasury bills
picture
try."'
>YV
The argeement sets up the
and Exchange
showing total liquid saving during this quarter of $8.4%billion t, a
considerably lower rate than the record high of the last quarter of
1944. This decline says the SEC was mainly attributable to the heavy
Government
43,494,109,600
Treasury notes
Certificates of indebtedness..
K-
order to
over-all
of the construction indus¬
ety of private sources in
build
up
an
adequate
Commission made public on June
27 its quarterly analysis of the volume and composition of saving by
individuals * in the United States covering the first quarter of 1945
The Securities
During the first
amended, pro¬
issued under authority of
that Act, and the face amount of obligations guaranteed as to prin¬
cipal and interest by the United States (except such guaranteed
obligations as may be held by the Secretary of the Treasury) "shall
not exceed in the aggregate $300,000,000,000 outstanding at any one
:Uv
m.
Liquid Saving, Jan.-Mar. 1945
Below Last Quarter of 1944
monthly
report showing tnat me race amount of public aebt obligations
under the Second Liberty Bond Act (as amended) outstanding
yari^
Individuals'
30, 1945
pubic on Oct. 8 its
Department made
Treasury
1945
Government, agenciesjand.J;
Statutory Debt Limitation as of Sept.
♦Monday, November 5,
CHRONICLE
THE COMMERCIAL & FINANCIAL
2194
that
cents.
..
also announced
articles weighing up to one
Mr.
Hannegan
pound may be accepted for dis¬
patch by air to Poland, when pre¬
paid at the rate of 30 cents a
half-ounce or fraction.
The
export
control regulations
by the Foreign Economic
Administration apply to mail and
set
up
Poland. ;
/
information
as
to
rates, weight and size limitations
of mail to Poland
may be ob¬
tained at any United ^States post
parcel post to
Complete
J -T.
Volume 162
Number 4435
THE COMMERCIAL & FINANCIAL CHRONICLE :
2153|
u.i;
State and
City Department
BOND PROPOSALS AND NEGOTIATIONS
ARIZONA
Fort
$15,000 school
Oct. 22 to Refs-
on
Ely, Beck & Co., of Phoenix,
a price of 100.273, a net
nes,
4-25 at
as
interest
of
cost
about
2.28%—
v.'
162, p. 2066—also received the
following bids:
Price
Bidder
Kenneth
Bid
Ellis
&
revenue
Co.,
For 2!4s
100.03
Kirby L. Vidrine & Co.
For 2.%s
—were
awarded
tional
2V2S, at
of
a
about
1945.
certificates
These
Defeated—An
court
defeated
at
Oct.
house
the
issue
bonds
election
of
was
held
on
Worth,
Authorized
Bonds
sale
bonds offered for
Oct. 23—v. 162, p. 2066—
on
awarded to Stone &
Youngberg, of San Francisco, as 3V2S, at
a price of 100.58.
The next high¬
were
bidder,was Hannaford
bot, for 4s, at
a
& Tal¬
price of 102.275.
'
Lcng Beach, Calif.
Bond
Election—It
is
reported
that the City Council has decided
to hold an election next
February
have
the
voters
pass
the
on
issuance of $4,000,000 sewage dis¬
posal
plant bonds.
Mill Valley, Calif.
Bonds Voted—An issue of $485,000 sewage disposal plant bonds
was
favorably voted at the elec¬
tion
held
on
majority
of
Sept. 25, by
the voles, it
large
a
is
now
reported.
Bonds
Voted—An
$994,000
issue
of
con¬
bonds
amounting
favorably voted
was
the election held
to
at
Oct. 30.
on
issue of $193,-
series
These
bonds
due
July 1,
1962, $21,000 in 1963, $29,000 in 1964, and
$22,000 in 1965 and 1966.
Call¬
able for prior redemption
as
a
whole or in part in numerical
order, on July 1, 1960, or on any
interest payment date thereafter,
at par plus accrued interest. Prin¬
cipal and interest payable at the
follows:
are
on
$99,000 in
Chase National
Bank, New York.
These
part
bonds,
of a
total
$595,000, are
being issued to refund heretofore
legally created indebtedness (cer¬
tain maturities of Series A, 5y>%,
refunding bonds) of the District,
and are, in the opinion of counsel,
valid and binding obligations of
the
District, payable from un¬
ad
issue
of
valorem
taxes
levied
would
available
be
the
for
sup¬
and enforcement of the ob¬
ligations refunded continue and
port
remain
available
for
the
support
and enforcement of these refund¬
Bond
that
Election—It
election
an
is
will
reported
be
held
on
Nov.-27, at which time the voters
will
be
ceed
asked
of
suance
5%
to
pass
the is¬
on
$3,852,000
not
to
ex¬
memorial
semi-annual
Said bonds have been
validated by a decree of the Cir¬
ing bonds.
Richmond, Calif.
civic center bonds.
cuit
Court
pursuant to an order
Supreme Court of Florida.
Legality approved by Caldwell,
Marshall, Trimble & Mitchell, of
New York, and McCall, Parkhurst
& Crowe, of Dallas.
of the
St.
COLORADO
Circuit
Pueblo
County, Pueblo Sch. Dist.
(P. O. Pueblo), Colo.
Bonds Voted—The District Sec¬
retary
states that at the election
held on Oct.
15, the voters ap¬
proved the issuance of the $650,000
construction
action
has
garding
been
the
bonds,
taken
but
hearing took place
$700,000, to be dated Oct. 1, 1945.
validation, the certificates
will
be
offered
for sale.
GEORGIA
Fort
000
Redemption
—
school
been
Lauderdale, Fla.
Certificate
Flor¬
a
bonds
approved
recent
is
by
said
the
to
$325,-
for
Nos.
304
to' 419,
redemption
on
Chicago, III.
Bond
voters
at
Payment will be made
the
of
said
Chemical
on
pre¬
certificates
Bank
&
Trust
at
Co.,
York City, with all coupons
maturing on or before Dec. 1,
1945, attached. * Payment will be
made at par and accrued interest,
the accrued interest to be paid on
surrender of appropriate coupons.
New
Interest
ceases
on
date
called.
reported
11, to have the voters
the
court
sold
issuance
house
of
election's
the
$250,000
which were
subject to the
outcome.
Bonds Voted—It is stated by B.
Co.,
Shafer,
Superintendent
of
Schools, that $900,000 construc¬
Field, Richards & Co.,
Martin, Burns & Corbett,
tion and site purchase bonds were
approved
Frank & Belden,
jointly __100.302
Halsey, Stuart & Co.,
Blair & Co., Inc.,
Stranahan, Harris & Co., Inc.,
Braun, Bosworth & Co., Inc.
Central Republic Co.,
Chicago,
Otis & Co.,
Mullaney, Ross & Co., and
Miller, Kenower & Co.,
,
jointly
100.285
Smith, Barney & Co.,
Lazard Freres & Co.,
Co., St. Louis,
Pressprich & Co.,
Graham, Parsons & Co.,
Chas. E. Weigold & Co.,
Wm. Blair & Co., and
Watling, Lerchen & Co.,
jointly
,
Sale—The Board of
Edu¬
is
no
offering contemplated
100.269
Bond Sale—The $132,000 land
acquisition bonds offered for sale
on
Oct. 29—v.
awarded
Burr
due
are
to
1938—were
Nov.
on
Blyth & Co.,
Lee Higginson Corp.,
Salomon Bros. & Hutzler,
until
were
Price Bid
$132,000, 1% Bonds
Trust
&
John Nuveen
100.32
P.
7.30
Co.-.-
100.20
one-tenth
than
M.
100.155
Higginson Corp
_100.005
$66,000,
1% Bonds
Northern Trust Co.,
Chicago
100.07
Park
Sch. Dist. No. 84, III.
-
Ball,
on
$66,000, 1>4% Bonds
101.38.
Curtis
Trust &
Savings
100.91
100.789
Bank, Chicago
Blyth & Co
John
Nuveen
&
of
1%
each
an
date called.
V
County May wood SchDist.
No. 89, Illinois
.
for
Roos,
pay¬
Dec. 1,
the following re¬
funding bonds: NOs. 117 to 140,
4V2%; 146 to 155, 5%, and 156,
4V4%.
Dated June 1, 1940. De¬
nomination $1,000.
These bonds
-100.156
100,153
Payment
Bardolph), III.
reported that
$45,000 road bonds, approved re¬
cently by the voters, have been
sold.
Proviso
and the
or
Call
—
Albert
bid for less than par
and
accrued interest to date of deliv¬
will be considered.
ery
bonds
and the
Printed1
approving opinion
of Chapman & Cutler of Chicago,
will be furnished by the District.
The bonds will be general obligations of the District and all tax¬
able property in the District will
be subject to the levy of a direct
tax
sufficient to
interest
pay the
principal of
said
mature, with¬
and
bonds
the
as
same
limitation
:
as
to ujrate
•
or
certified check
a
for $2,000, payable to the District.
White
County Bridge Commission
(P.O. Carmi), III.
Called—Pursuant
to
the
at
,
Due June 1, I960,
C.
will
bonds
paid
on
or
Harris
the
redeemed
be
after date called
Trust & Savings
Bank of Chicago, having attached
thereto all interest coupons ma¬
turing
on
1, 1945,
and subsequent to Dec.
Interest ceases on date
called.
si
York Township
Community High
Sch. Dist. No. 88 (P. O. #
Elmhurst), III.
;
j
Stoltz, School
Secretary, calls for payment on
Deo.
1, the Districts' refunding
bonds Nos. 101 to 125, amounting
to $25,000.
INDIANA
Frankfort, Ind.
Bond
Roos,
Sale—The
electric
1945
bonds
Oct.
$400,000 semi¬
utility revenue of
offered
25—v.
for
sale
on
1812—were
awarded to a syndicate composed
of Paul H. "Davis & Co., of Chi¬
cago; Milwaukee Co., of Milwau¬
kee, and Martin, Burns & Cor¬
bett, of Chicago, as l^s, at a
price of 100.70, a basis of about
due
p.
Dated Nov.
nomination
are
162,
$1,000.
from
1947
1, 1945. De¬
These bonds
to
1966.
The
highest bidder was the Lee
Higginson Corp., Hornblower &
Weeks, F. S. Moseley & Co., and
Kebbon, McCormick & Co., joint¬
ly, for l%s, at a price of 100.28.
next
1937—were awarded to the Na¬ of the principal amount together Township School Treasurer, calls
City Bank, Bankers Trust with interest accrued up to and for payment on Dec. 1, 4&%,
Co., both of New York, and Crut- including Dec. 1,1945, will be made AVi%, 5%
and 6%, refunding
tenden & Co., of Chicago, jointly, on presentation of said bonds to bonds Nos. 166 to 191, 197 to 210
Other bidders were as follows:
as IV4S, at a price of 100.432, a
the First National Bank of Chi¬ and 216 to 230, amounting to $55,For l%% Bonds
basis of about 1.171%. Dated Jan. cago.
Said bonds must be pre¬ 000. Dated July 1, 1941. Denom¬
Bidder
Price Bid
1, 1946.
These bonds are due on sented in negotiable form and ination $1,000. These bonds are
due on June 1, 1961, optional on Paine, Webber, Jackson &
Jan. ,1, 1956.
The next highest should have attached Dec. 1, 1945,
bidder was the Chase National
jand all subsequent coupons. In- Dec. 1, 1945. Payment of said C. Curtis,
F. Childs & Co., and
bonds will be made on presenta¬
Bank, New York, for l%s, at a i terest ceases on date called. -A
p.
tional
>
purchaser. No conditional
a
1.431%.
Township High Sch. Dist.
No, 209, Illinois
Bond
on
agreed upon between the District
100.63
Macomb Township (P.O.
Bonds Sold—It is
election held
29, 1945.
Principal and in¬
payable at a bank or trust
company in Western Springs or
Chicago, as may be mutually
terest
annual
—
not more
Oct.
-.-100.65
First National Bank,
Chicago
Lee Higginson Corp
and
rate shall be named by
bidder.
These bonds were
100.78
Co
Halsey, Stuart & Co
R. S. Dickson & Co.
8
Bond Call—A. O.
Paine, Webber, Jackson &
Harris
Nov.
on
one
authorized at
and
Bank,
Chicago
100.17
Halsey, Stuart & Co.
100.157
Paine, Webber, Jackson &
For
M.
of $90,000 park
and
improvement
exceeding 2Vi% in-,
terest.
Dated Nov. 1, 1945.
De¬
nomination
$1,000.
Due
$5,000'
Nov. 1, 1948 to 1965.
Rate of in¬
terest to be in multiples of y4 or
100.28
$1,000.
Said
100.27 j-
*
First National
For
of
terest to date called. Denomination
Savings
&
issue
bonds.
provisions of the Trust Indenture
dated as of June 1, 1941, securing
4% first mortgage bridge revenue
bonds of the Commission, Nos. 31
to 60, amounting to $30,000, these
bonds are called for payment on
Dec. 1, through the operation of
the sinking fund at the principal
amount thereof plus accrued in¬
follows:
as
an
acquisition
bonds, not
Bonds
«
Cook County Franklin
June 1, 1960.
from
next
Bank, Chicago
Blyth & Co
Lee
100.18
calls
bids
1, from 1952 to 1954,
Curtis
Equitable Securities Corp.,
First of Michigan Corp.,
Stern Bros. & Co.,
Bacon, Whipple & Co.,
Hannahs, Ballin & Lee, and
Wheelock & Cummins,
C.
voters
revenue
out
Harris
jointly
the
Secretary of the Board of Park
Commissioners, will receive sealed
annual
R. S. Dickson & Co
Co., and
Pipe$, Jaffray & Hopwood,
jointly
100.234
Treasurer,
price
about
1,
to
amount. Enclose
For
Sons,
Albert
Trust
a
1951.
Other bidders
McDonald &
on
p.
Northern
Bidder
Spencer Trask & Co.,
B. J. Van Ingen & Co.,
due
162,
the
amounting to $66,000 and
on Oct. 29—v. 162,
p. 1938—at a price of 100.215, a
basis of 0.97%, as Is. Dated Nov.
1, 1945. These bonds mature on
Hemphill, Noyes & Co.,
are
to
Co., of Chicago, as Is, at
of
100.907,
a
basis
of
submit
$15,000 water
bid
highest bidders were
Co., for $132,000
Is, at a price of 100.32, and the
Northern Trust Co., of Chicago,
for $66,000 Is, at a price of 100.07.
Eastman, Dillon & Co.,
—
is
these
Highland Park, Park District, III.
The
Blodget, Inc.,
Call
there
on
R. S. Dickson &
Alex. Brown & Sons
Call—Arley
that
bonds for the present time.
Nov.
Moseley & Co.,
on
reported
Election
bonds
Bacon, Stevenson & Co.,
Cook
also
date
on
Warsaw, III.
Pending — The
City Council passed an ordinance
recently calling for an election to
Bond
offered for sale
Stone & Webster and
Bond
the
Benjamin Lewis & Co., of Chi¬
cago, also purchased an issue of
Phelps, Fenn & Co.,
E. H. Rollins &
at
on
March
17, not
noted here at the time.
It
1947
&• Trust
&
voters
held
as
bonds
R. W.
Coffin
election
$450,000,
the
0.769%. Dated Nov. 1,1945. These
Mercantile-Commerce Bank
F. S.
by
ceases
for the purchase
pass
bonds,
Sept. 28,
on
on
F.
School
1, 1940. Denomination cation refunding of 1946 bonds
$1,000. These certificates are due amounting to $2,750,000 and of¬
fered for sale on Oct. 31—v. 162,
on June 1, 1951 to 1953.
Dated June
sentation
100.32
on
be held
Freeport Sch. Dist. No. 145 (P. O.
Freeport), III.
ment
1.
Dec.
Bank,
is
will
Kebbon, McCormick & Co.,
Milwaukee Co.,
Eldredge & Co.,
election.
ILLINOIS
are
Dec.
Co., Chicago, and
Election—It
Interest
Western Springs Park District, III.
■}; Bond Offering—Ella Z. Allison.
(P. O. Benton),
election
an
Becker & Co.,
Bond
Hardy, Acting City Audi¬
tor-Clerk,
has
announced
the
above City's water works revenue
called
Bond,
that
Harriman Ripley & Co., Inc.
Illinois Co., Chicago,
A. G.
that
Illinois
have
C.
certificates,
Franklin County
Bank,
Chicago, City National Bank
Trust
Education,
$250,000 construction bonds.
Chicagb,
&
Contemplated—
Board of
the voters pass on the issuance of
Co.,
Treasurer, calls for pay¬
Dec. 1, refunding bonds
Nos. 64 to 71, dated Dec. 1, 1935,
payable
at
the
First
National
Bank, Chicago. Interest ceases on
Athens, Ga.
FLORIDA
Trust
First National
ment
these
of
&
the
it is expected an election will be
called in the near future to have
Chicago,
Continental Illinois National
School
Bonds Voted—An issue of
1
on
After
bonds.
ence
Cir¬
Nov. 2 to validate gas plant reve¬
nue
certificates
amounting
to
re¬
as
issuance
Hearing—A
no
yet
Petersburg, Fla.
Court
Court
cuit
Northern Trust Co.,
Bank
Election
It is stated by L. J. Lundahl, Clerk
and
against all the taxable property
therein, including homesteads, and
all
rights and remedies which
County, Santa Ana
College Dist. (P. O.
Santa Ana), Calif.
Junior
struction
O.
Wichita, and Sullivan, Nelson &
Goss, of West Palm Beach. Dated
Jan. 1, 1945. Denomination $1,000.
limited
Orange
Chicago.
called. ''
Illinois
<
Bond
of
Chicago, jointly
The
C,
refunding
bonds was purchased recently by
the
Ranson-Davidson
Co.,
of
as
Savings
Bank, Chicago,
Beach), Fla.
Sold—An
3V4%
authorized
\
tion at the First National Bank of
No. 47 (P. O. Crystal Lake),
Laurence M. Marks &
000
drainage
ann.
Crystal Lake Grade Sch. Dist.
Bid
Harris Trust &
Fla.
—
date.
Palm
$108,000 semi-
bidders,
follows:
Price
The
Port of Palm Beach Dist. (P.
Hay ward), Calif.
Sale—The
Bond
to
Bonds
Alameda County, Oro Loma
est
1948 to 1965.
24.
Sanitary Dist (P. O.
■■
due
City
Commission is said to have passed
an
ordinance authorizing the is¬
suance of $850,000 2% power plant
and
equipment
revenue
bonds.
Due in from one to 20 years from
CALIFORNIA
■
Other
were as
American National
Lake
Bonds
are
next highest bidder was a group
composed of the Ranson-Davidson
Co., John Nuveen & Co., and
Walter, Woody & Heimerdinger,
bidding for 2V2S, at a price of
;
Washington County P. O.
Fayetteville), Ark.
100.418.
iy4s,
Bidder
Fort
of
Oct. 1, from
on
the First Na¬
to
Myers, as
price of 100.48, a basis
2.45%.
Dated
Oct.
1,
Bank,
97.06.
ARKANSAS
of
also for
certificates offered
on
101.006
_____________
$250,000
$275,000
Oct. 29—v. 162, p. 2066
for sale
Other Bids—The
bonds awarded
Sold—The
'
utility
(P. O. Phoenix), Ariz.
price
Myers, Fla.
Certificates
Maricopa County Sch. Dist. No. 68
"
,M,r.r.?T.,rr;v
'
9
THE
1945
Monday, November 5,
COMMERCIAL & FINANCIAL CHRONICLE
2196
'
102.15
Stuart & Co. ——102.069
Indianapolis, jointly
Halsey,
.....101.74
Fox, Reusch & Co*
Stranahan, Harris & Co., Inc.
John Nuveen & Co., and
Co., jointly ..101.642
Wm. Blair &
and
Bosworth &
Co., Inc., jointly
101.07
Indiana
Offered
Kelly, Executive Secretary of the
Board of Commissioners, received
sealed bids until 2 P.M. on Nov. 2,
% for the purchase of $110,000 flood
control works of 1945 bonds, at
Dated
1, 1945. Denomination $1,000.
$2,000 Jan. and July 1, 1948
exceeding 4% interest.
not
ll Nov.
Due
to Jan.
Townships Frac. Sch. Dist. No. 7
payment on or after Dec. 1, 1945,
on which date interest ceases.
Margaret K.
—
Electric Plant
premium.
Dated June 1, 1945.
Denomination $1,000. Due June 1,
1956 to 1958. The bonds should be
delivered to the Fidelity and Co¬
lumbia Trust Co., Louisville, for
!<?: Jeffersorwille Flood Control Dist.,
Bonds
Bloomfield and West Bloomfield
Board, has announced that the
City's 3% electric plant revenue
bonds Nos. 158 to 169, 175 to 186,
and 192 to 204, are called for pay¬
ment on Dec. 1, at par plus a 4%
MARYLAND
Baltimore, Md.
Offering
Bond
—
John
J.
Ghingher, City Register, has an¬
nounced that the Commissioners
bids
1, 1975.
until
coupon
(P. O. R. No. 1, Birmingham),
Michigan
y
-1 Bond Offering—Adah Carlson,
City Clerk, will receive sealed
v
Nov. 1 for
$22,500 street
bonds. Dated Nov. 1, 1945.
De¬
nominations
$1,000
and
$500.
bids until 7:30 p.m. on
purchase
the
Nov. 1, as
These bonds are due on
1950, and
follows: $2,000 in 1946 to
$2,500 in 1951 to 1955. Bidders to
specify the interest rate and all
other things
being equal, pref¬
erence will be given to the bid of
:
par and accrued interest or better.
The City will furnish the approv-
2s, and $18,000 iy4s, at a price of
100.013, a net interest cost of
bonds at his own
Enclose a certified check
nish the printed
expense.
for $500,
Sch. Dist. No. 2, Mich.
Certificate Redemption
demption
Said certificates should be pre¬
000
000
as
Aug.
Due
bonds.
$30,000 in 1950 to 1954,
in 1955 to 1964.
lows:
and $35,000
'
Iowa
These
bonds
Dated Aug. 15,
C. E. Stout,
*—
are
due on Nov. 1,
tion
$1,000.
for
$500.
New Hampton,
-
,
1957, on Aug. 1, 1949; bonds ma¬
turing Aug. 1, 1958, on Aug. 1,
1948, and bonds maturing Aug. 1.
1959, on Aug. 1, 1947. Principal
and interest payable at the State
Bank of Fraser.
No proposal for
less than all of the bonds will be
$10,000 air¬
each
for
with
$100
of 100.25.
Diet.
said
have
to
approved the issuance of $110,000
KANSAS
out
the delivery
considered
the suc¬
may, at his elec¬
tion, be relieved of his obligation
to
purchase
the
securities, in
the
the
State
Kansas
of
by
counties listed
alphabetically. The
those of the State
reported as of June 30,
1945, and include debts of all
counties, cities, school districts
and other taxing bodies. Bonded
figures
are
Auditor
indebtedness
in
$64,086,250.65
as
bonded debt
•
•t
,«•..
-
-•/. i
v.
■
7 ■
Kansas
and
shown
is
State's
the
$10,250,000.
•
'
i,
,..v-L
!
KENTUCKY
State
has
announced
funding
Local
4s,
-
accom¬
Knuckles,
Finance Officer,
dated
;
ri
i
District
The
required
and
by
is
162, p. 1939—were awarded to
First National Bank, of St.
v.
Paul, and the First National
of Minneapolis,
of
Limitation
District authorized an
The
Act."
the Michi¬
Tax
"Property
gan
in tax limitation to 3% of
increase
general
Jan.
1,
re¬
1939,
Nos. 42
to 52, are called for pay¬
ment on Jan. 1, 1946, at the Con¬
tinental Illinois National Bank
Trust Co., of Chicago.
&
the
1, 1952.
15,000 4V2%
of
1947 to 1949, at an election
held on Sept. 14, 1945. Bids shall
be conditioned upon the unqual¬
conditioned
be
de¬
a
certified
of Miller, Canfield,
Paddock & Stone, of Detroit, ap¬
opinion
proving the legality of the bonds.
The cost of such opinion and of
Sch.
printing of the bonds will be
paid by the District. Enclose a
certified check for 2% of the to¬
1, 1953.
100,000 4% school bonds. Dated
April 1, 1923. Due April 1,
1953.
Note Offering—H. W. Anderson,
tion, will receive sealed bids until
7:30 P.M. (EST), on Nov. 5, for
bonds offered
for sale on Oct, 30—v. 162, p. 2068
—were awarded to R. L, Day &
Co., of Boston, as Is, at a price
of 100.519, a basis of about 0.814%.
Dated Nov. 1, 1945.
Denomina¬
tion $1,000. These bonds are due
on Nov. 1, from 1946 to 1950.
The
next highest 'bidder was Weeden
& Co., for Is, at a price of 100.47.
Other bids were as follows:
equipment
the purchase of $160,000 tax an¬
ticipation notes. Dated Nov. 15,
1945.
Denominations and form of
to be at the option of the
purchaser.
Due Jan. 15, 1946.
Payable at the American National
Bank, Kalamazoo. The notes shall
note
be
awarded
bid
cost
to
the
bidder
whose
produces the lowest interest
to
the
District
School
after
were
as
follows:
Price
Bid
Bidder
$500,000 Bonds
For
First Boston Corp.,
Corp., and
Co., jointly,
100.07
First of Michigan
C. S. Ashmun
1.20s
For
Phelps, Fenn & Co.,
F. S. Moseley & Co.,
Milwaukee
Co., and
Co., jointly,
J. M. Dain &
For
_100.04
1.20s
Chemical Bank & Trust Co.,
New
York, and
Co., jointly,
For iy4s
100.51
R. S. Dickson &
Harris Trust & Savings
Bank, Chicago, and
Park-Shaughnessy & Co.,
jointly,
100.319
For D/4S
Eldredge & Co., and —
Schmidt, Poole & Co.,
jointly,
value of the bonds, pay¬
par
For
able to the District Treasurer.
Coffin
MINNESOTA
Lengby), Minn.
Details—The
Sale
Bond
of Foss-
ton, as 2s at par—v. 162, p. 1939
on
July 1, as follows:
—mature
$1,000 in 1947 to 1964, and $2,000
in 1965.
Optional on any interest
payment date at par and accrued
interest.
Dated Oct. 1, 1945. De¬
nomination $500.
For
100.176
f
100.431
1.30s
Blyth & Co.,
& Co., and
Stern Bros.
City National Bank & Trust
Co., Kansas City, jointly,
For 1.30s
100.065
Lehman
Bros.,
Goldman, Sachs & Co.,
Salomon Bros. & Hutzler, and
Harold E. Wood & Co.,
jointly,
Minn.
Glencoe,
Burr, jointly,
iy4s
Pittsburgh,
000 road and
on
Co., and
Mellon Securities Corp.,
$20,-
bridge bonds offered
Oct. 5 and awarded to
&
&
For
Columbia (P. O.
100.18
D/4s
Shields
upon
Secretary of the Board of Educa¬
bidders
Other
tal
cost.
Mich.
works bonds.
Due Jan.
1, 1923.
Braun, Bosworth & Co., Inc.,
100.08
1.30s
For
Bond Election—An issue of $35,000
tion
municipal
bonds
construc¬
hospital
will
be
submitted
to
the voters at the November elec¬
Equitable Securities Corp.,
Laidlaw & Co., and
Frank & Belden, jointly,
For
Lincoln County Indep.
Sch. Dist.
Offering—J. J.
Bond
District
sealed
bids
Clerk,
8 p.m.
until
receive
on
nomination $1,000.
$3,000
in
Associates
Lehman
120.46
:
Bros., and
120.452
Associates
Due Jan. 1, as
1947, $4,000 in
MISSISSIPPI
1961, and $2,000 in 1962.
Rate of interest to be in multiples
1948
120.669
Phelps, Fenn & Co., and
Nov.
26, for the purchase of $61,000 re¬
funding bonds, at not exceeding
1%%. Dated Nov. 1, 1945.
De¬
follows:
Bank, Chicago, and
Associate
Muchlin-
will
$201,000 Bonds
Harris Trust & Savings
No. 6S (P. O. Ivanhoe), Minn.
ski,
-100.409
1.40s
For
tion.
check for 2%
Dist.,
water
Dated Jan.
the
value
par
water works bonds.
1923. Due Oct.
1, 1952.
36,000 4%
years
ified
as
Oct. 1,
Dated
the
for
1945 and 1946, and to 2.5%
the assessed valuation for the
years
of .the bonds,
payable to the Village Treasurer.
of
Newhuryport, Mass. ;
Bond Sale—The $28,000 depart¬
to
Harrison
Con.
one-tenth of 1 % and must
be the same for all of the bonds.
of V\ or
Principal and interest payable at
any suitable bank or trust com¬
pany designated by the purchaser.
The
District
will
furnish : the
County, Saucier Special
Sch
Dist. (P. O.
Gulf port),
Miss.
Approved — An
issue of $11,500 2^2 % school bond,?
recently authorized by the County
Board of Supervisors, has been
i
Bond
Legality
printed and executed bonds and approved as to legality by Charles,
&
Trauernicht, /of vSt.
Louis.
the
approving legal opinion of
These
bonds
are
dated
July
not be considered as deductible Dorsey, Colman, Barker, Scott &
1945.
'Ivf
in determining the net interest Barbery of Minneapolis, both with¬
^ 11
">r.,\-f , . ,. .
' V ' ."-<j
cost, and interest shall be com¬ out cost to the purchaser.^and dethereof
will
be
made : Leake County (P.
puted from Nov. 15, 1945, to the livery
Mississippi
maturity date. No proposal for within 30 days after .acceptance
/ Bend
Election—-An issue of
less than: all of the notes will be of bid. No bids for less than par
$150,000 hospital bonds will be >
considered. - Bids shall - be condi¬ will be considered. Enclose a cer¬
submitted
to the voters at the ;
tioned upon unqualified, opinion tified check for $1,220, payable to
general election in November.
.
of the
deducting the premium offered, if
any.
Interest on premium shall
1% Bonds
Price Bid
Bidder
valuation
assessed
the
are
$50,000 4J/£% water works bonds.
Dated April 1, 1922. Due April
law to
X of the
Article
21,
Section
by
bonds
follows:
upon
State Constitution and
These
121.872.
Bank,
jointly, at a price
au¬
all the taxable prop¬
erty
therein
such ad
valorem
taxes as may be necessary to pay
the
bonds and interest thereon,
within
the limitation prescribed
levy
of $201,000
The
than all of the bonds will be
less
100.09.
City bonds
also offered for sale by the Sink¬
ing Fund Committee on Nov. 1—
No proposal for
dates.
maturity
unqualified
Enclose
MASSACHUSETTS'
mental
interest
r
100.38
Coffin & Burr
L.
that
to
net
opinion of the
purchasers' attorneys approving
the legality of the bonds. The cost
of such opinion shall be paid by
the purchaser.
The Village shall
pay the cost of printing the bonds.
value of the bonds,
the Mayor and City
For
y:'■ Kentucky
Bonds Called—W.
Jr.,
deposit
shall
Bids
in
deductible
as
the
Kalamazoo
Carlisle County (P. O. Bard well),
^
par
Council.
Wichita,
distributing a card cir¬
cular, showing the total indebted¬
of
the
event
payable
j
Available
Study
again
ness
termining
bidder
the
—The Small-Milburn Co.,
is
deducting the premium of¬
fered, if any.
Interest will be
computed from the date of receiv¬
ing bids to the respective ma¬
turity dates of said bonds. Inter¬
est on the premium will not be
scribed
which
be
after
that prior
In the event
cost.
The
considered.
be
will
bid produces the low¬
interest cost to
the Village
of the above-de¬
securities, there is any
Federal
legislation
enacted af¬
to
of
(State of )
Debt
computed from the date of
bids to the respective
receiving
the Farmers State Bank,
panying his bid will be returned.
Enclose a certified check for 2%
bonds.
Kansas
will be
interest, the full faith, credit
and resources of the Village are
accrued
than par and
will
cessful
Bonds Voted—At a recent elec¬
Bonded
proposal produces the
lowest interest cost to the District
after deducting the premium of¬
fered, if any. In determining the
net interest cost, interest on pre¬
mium will not be considered as
deductible and interest on bonds
whose
The next highest
total
A
and
fecting their tax status,
(P. O.
Ruthven), Iowa
are
bid of less
bonds
general obligation bonds of the
Village and for the prompt pay¬
ment of this bond, both principal
approving legal opinion of Wood,
Hoffman, King & Dawson, of New
York City, will be furnished the
successful bidder or bidders with¬
building
Detroit.
The
bonds shall be awarded to the bid¬
Co.,
Trust
Detroit
for sale
interest
voters
Rate of interest to
multiples of J/4 of 1%. Prin¬
cipal and interest payable at the
est
Co., of Des Moines, as
%s, at par. Purchaser to furnish
printed bonds and legal opinion.
Dated Nov. 1, 1945. Denomination
$1,000. These bonds are due $1,000
on Nov. 1, 1956 to ,1965.
The next
highest bidder was the Carleton
D. Beh Co., for l^s, at a price
the
are
1, 1946 to 1950.
der whose
1
tion
bonds
be in
hereby irrevocably pledged.
The
bonds will be awarded to the bid¬
Hassett
V
These
due $8,000 from April
Denomination $1,000.
1945.
in¬
terest
/ -
at a price of
p.m.
No
accrued
of settlement.
date
to
The
considered.
portion of the amount may be al¬
lotted.
Bids must name a price
Iowa
Bond Offering—The
Sch.
the
Aug.
I, 1955 on Aug. 1, 1951; bonds
maturing Aug. 1, 1956, on Aug. 1,
1950;
bonds
maturing Aug.
1,
of
multiple
port bonds offered for sale on Oct.
29 were awarded to the Ballard-
Ruthven
for
13,
Aug. 1, 1952, bonds maturing
Va of 1%. Separate
bids will be received for each is¬
and $3,000 in 1953 to 1956.
All sue and shall name but one rate
bonds maturing on or after Nov.
of interest for each issue.
Bids
1,1953, being optional for redemp¬ will be received for the whole or
tion on Nov. 1, 1946, or oh any
for any part of the amount of¬
interest payment date thereafter.
fered.
Bids will be received for
Principal and interest payable at all or none of the amount offered;
the
District
Treasurer's
office.
also for all or none of any part or
Bidders to specify the rate of in¬
parts. Unless bids specify "all or
terest.
Enclose a certified check
none" of the amount bid for, a
$2,000 in 1947 to 1952,
follows:
as
.
Offering;
(EST),
for 1.20s,
These bonds are due
1965.
„
1945. Denomina¬
Registerable as to
Secretary of the Board of Direct¬
principal only. Principal and in¬
ors, will receive sealed bids until terest payable in Baltimore. Bid¬
8 P. M. on Nov. 8 for the purchase ders are
required to name in their
of $24,000" funding bonds.
Dated bids the rate of interest to be paid
Nov. 1,1945. Denomination $1,000. on the bonds. The rate must be a
Bond
will receive
P.M.
8
until
bids
sealed
for the
thorized
purchase of
$16,000 issue of 1945, water cou¬
pon bonds.
Dated Aug. 1, 1945. Denomina¬
tion $500. Due Aug. 1, as follows:
$500 in 1947 and 1948, $1,000 in
1949 to 1951, and $1,500 in 1952
to
1959.
Optional
as
follows:
Bonds maturing Aug. 1, 1954, on
Nov.
on
Court Building
15, as fol¬
Peoples
500.000
until
bids
sealed
follows: $40,in 1950 to 1954, and $60,in 1955 to 1964.
15,
Village Clerk,
colai,
bonds.
conduit
fourth
the First
Nov. 1,
bidder was
National Bank, Chicago,
(EST), on Nov. 5 (today),
purchase of $40,000 build¬
ing coupon bonds, at not exceed¬
ing 4% interest.
Dated Oct. 1,
7
Denomination $1,-
1945.
1,
Board of Education,
retary of the
will
receive
considered.
Offering—Richard E. Ni-
Bond
$150,000 in 1955 to 1958.
Due Aug.
Co.,
Trust
Fraser, Mich.
$100,000 in 1950 to 1954,
800,000
Detroit
the
to
Detroit, for payment.
1,100,000 second public buildings
bonds. Due Aug. 15, as fol¬
and
April 1, 1946, at par
on
flat, all outstanding non-interest
bearing certificates of indebted¬
ness.
Dated Oct. 1, 1939.
These
certificates mature on Oct. 1, 1949.
sented
lows:
Paul
—
Koppin, Jr., Secretary of the
Board of Education, calls for re¬
Nov.
000.
Gale, Sec¬
Bond Offering—Bert
der
G.
1959.
Danville Indep. Sch. Dist No. 5
]
Townships, Frac.
Erin and Warren
3,000,000 fourth airport bonds.
Due $300,000 Aug. 15, 1950 to
»
1.39%.
about
3,000,000 fifth sewer bonds. Due
$200,000 Aug. 15, 1950 to 1964.
$ ing opinion of Chapman & Cutler,
of Chicago.
Purchaser shall fur¬
1948, as
a
(P. O. Detroit),
Michigan.
No. 8
t*
per¬
improvement revolving
fund refunding bonds offered for
sale on Nov. 1—v. 162, p. 1939—
were
awarded to Halsey, Stuart
manent
Co., and Blair & Co., Inc., joint¬
ly, as 1.20s, at a price of 100.151,
basis of about 1.91%.
Dated
Township Sch. Dist.
Southfield
Paul. Minn.
St.
Sold—The $500,000
Bonds
&
to the District.
29
of
IV2S, and $12,000 ma¬
turing $6,000 Nov. 1, 1949 and
1950, as lV4s. Dated Nov. 1, 1945.
Denomination $1,000. These bonds
are
due $6,000 Nov.
1, 1946 to
1950. The next highest bidder was
H. V. Sattley & Co., for $12,000
to
1953 to 1955.
in
First
the
to
the notes/ payable
value of
par
school
Michigan Corp., of Detroit, at a
price of 100.055, a net interest
cost of 1.33%, as follows: for $18,000 maturing $6,000 Nov. 1, 1946
$4,650,000 fifth school bonds. Due
Aug. 15, as follows: $800,000
in 1950 to 1952, and $750,000
of
awarded
were
050,000:
Algona, Iowa
}
Sale—The $30,000
Bond
bonds offered for sale on Oct.
noon
purchase of the following
bonds amounting to $13,-
for the
IOWA
will receive sealed
(EST) on Nov. 8
Finance
of
proving the legality of the notes.
the
cost of printing the notes shall be
paid by the purchaser.
Enclose
a
certified check for 2% of the
The cost of such opinion and
Jones,
S.
R.
—
the
of
Chairman
Braun,
.
Called
Bonds
V Blyth & Co.,
( £
MICHIGAN
Murray, Ky.
City Securities Corp.,
First & Ocean National
■
*■
-ST
:
—100.333
Bank, Newburyport
O. Carthage),
Robert Hawkins & Co. —100.29
Merchants National Bank, ■'
>
,
__„100.27
Boston
Merchants National Bank,
Newburyport
Tyler & Co.
-
:
-
—100.26
—
-^—100.09
'
purchaser's
-
attorney ap¬
sm:?
'
V,
'.7
3...
-
-
.
..
.
.
s
.'■■■■ /
3V
■m
;.
,
.
'
'
w
•'
•;•
-vV
mm-
■
Vi,C- .•;
•'•
..-•
T'i
:v; 1
ylSy
I
Volume 162
Number 4435
THE COMMERCIAL & FINANCIAL
CHRONICLE
Lincoln
•
County, New Light Cons.
Sch. Dist. (P. O. Broohhaven),
$ Mississippi K;
Legality
the first year or the first and sec¬
ond
year mayyvafy in ^amount
from the others to the extent re¬
Approved —An issue
$12,000 2% school bonds has
been approved as to legality by
sulting" from;
Charles
000
of
&
Louis.
Trauernicht,
These
bonds
of
St.
dated
are
Sept. 1, 1945.
Station),
'Mississippi
^
-Legality Approved—An issue of
$40,000 2%% water works bonds
has been approved as to legality
by Charles & Trauernicht, of St.
Louis.
The
bonds
dated
are
Oct.
as
Board
accrued
Redemption Notice—It is
Bank
&
Trust
Co., Mem¬
phis, trustee, that in accordance
with the provisions of Article II,
Section I, and Article III, Sec¬
tion X, Sub-section 11, of the trust
indenture securing the bonds, out¬
standing City of Natchez, Miss.,
3%
bridge
revenue
refunding
bonds, aggregating $47,000, dated
Nov. 1, 1941, in denomination of
$1,000, maturing Dec. 1, 1968, re¬
deemable on any interest payment
date prior to maturity are called
bonds, together with a premium
5%
of the principal amount,
of
will
be
made
on
after
or
date
called, on surrender of said bonds
in negotiable form, accompanied
by all June 1, 1946, and subse¬
quent
coupons,
at
the
Union
Planters
Co. in
National
Memphis,
Bank
&
bonds
cal Bank & Trust
Co., New York.
Coupons maturing Dec. 1, 1945,
and prior will be paid on presen¬
of such
tation
coupons.
Bonds registered as to principal
alone or as to both principal and
interest must be accompanied
appropriate
instruments
of
signment executed in blank.
by
as¬
ceases
Pike
and
Walthall
Carter's
Creek
a
The
sale
4
s
as
101.12.
Friend,
Bond
water
bonds, it is reported.
Bonds
bonds
Voted
swimming pool, and $25,000 air¬
port bonds.
Offering
Soden,
sealed
(EST)
bids
water
system
will
bonds
revenue
was
the election held
on
interest
or
the
be
to
in
one-tenth of
P.M.
1%
and must
will be con¬
rate higher
lowest
a
rate
which
at
a
bonds
County Sch. Dist. No. 8
O. Ismay), Mont.
Bond
Clerk
Offering
of
—
sealed
bids
until
8
Nov. 19 for the
of
will be the first choice and serial
be
will
the
second
of the School Board.
bonds
tion
the
entire
-
issue
several
bonds
Trustees
and
issued,
be put into
may
bond "or
single
one
If amortiza¬
sold
are
as
choice
into
divided
Board
the
of
determine at the
time of the said sale, both prin¬
may
and interest to be payable
10 years after date of issue, payable
semi-annually during said
cipal
.
,
.
serial
If
time.
and sold
annual
ments
bonds
consisting of one
bonds becoming due
<
each year,
and
issued
are
they will be payable in
installments, no install¬
or
more
each
year
to
of bonds to be issued by
run,
r
•
•
-
i
.
of
years
provided
stallments
same
at the
same
then
the
to
said
bonds
offered
for
sale.
lowest rate of
or
will
bidders
be
of¬
In
addition
to
the price
York
bid the purchaser must
accrued interest at the rate
borne by the bonds from the date
bonds
of the
ment
posals
shall
to the
forms which
on
furnished
the
by
Bor¬
ough. The bonds will be delivered
on Nov. 20,
1945, or as soon there¬
after as they may be prepared.
The legality of the bonds will be
aooroved
by
Caldwell, Marshall,
Mitchell, of New York,
approving opinion will be
Trimble &
furnished
out
to
the purchaser with¬
charge.
Enclose
certified
a
check for 2% of the par value of
the bonds, payable to the Borough
Treasurer.
the total
however,
the
due
to
a
Council
in--
that the install¬
and payable
Interest
interest
J.
B.
Exchange
&
Co..
a
Offer—Stifel.
of
Chicago, and
Co., of Newark,
offering the follow¬
Hanauer &
amounting to
to
Co.,
New
dates called.
1944.
Coupons
4Va%
on
to
Paid—
Be
due
Jan.
on
Clerk
of
the
of
1945
bonds
$2,306,000, pursuant
refunding and exchange con¬
of
has
authorized issue of $122,000
interest funding
bonds,
Dec.
are called
1.
Dated
Dec. 1, 1937. These bonds are due
on
Dec.
1, 1969.
Principal and
accrued interest will be
paid on
bonds, on presentation and
same at the Central
Hanover Bank & Trust
Co., New
York City.
> y
v.;
surrender of
Each
it
bond
surrendered, unless
registered in accord¬
has been
with its
terms, must be ac¬
companied by all coupons for in¬
terest accruing after Dec.
1, 1945.
Coupons for interest payable on
Dec. 1, 1945, may be attached to
said
bonds
for
from
payment
the
thereof,
bonds
may
bridge
or,
if
by the
be presented
for
revenue
on
lesion, "''II b* paid on Den. l.
1945, at either the Guaranty Trust
Comnanv in New York City or at
the
Manufacturers
and
Traders
Trust Company of Buffalo.
Only
interest coupon No. 8, which wae
due
Jan.
on
at this time.
1.
1944. will be paid
Coupon No. 8 is the
earliest unpaid coupon.
Ocean
called<,
assignment
Interest
ceases
on
and
date
Bond
Sale—The
terminal
on
Oct.
bonds
30—v.
awarded
to
offered
162,
G«o.
fer^v
$47,000
for
sale
1941—were
o.
Gibbons
B.
&
Co., Inc.. and Cha«. E, Weivold &
Co.. both of New Vork. iointlv.
3.40s. at
ef
bonds
to
nrioe of
100.149,
3.38%.
a
about
1945.
Dated
as
a basis
Oct.
1.
Denomination $1,000. T^*0
are dne on CM. 1, from 1946
1965.
Other
bids
were
as
follows:
Price
Bidder
Bid
National
Fm°t
$42,000 school
building bonds offered for sale on
awarded
to
162,
Fox,
2070—were
Reusch &_Co.,
p.
and
Browning & Co., both of Cin¬
cinnati, jointly, at a price of par,
interest
net
a
cost
he
Clerk, has
will
until
5
receive
P.M.
1.05%, as
follows: for $4,000 maturing May
1, 1948, as 2V2S, and $38,000 ma¬
turing May 1, $4,000 in 1949 to
1953, and $6,000 in 1954 to 1956,
as
Is.
Dated Nov. 1. 1945.
$1,000.
Denom¬
The next
highest
Hays & Co., for
$36,000 Is, and $6,000 IV2S, at a
price of 100.06. Net interest cost
of
was
R. S.
1.09%.
Other
bidders
were
as
Bidder
sealed
follows:
Price Bid
Corp.,
Durham, andR. S. Hays & Co., jointly,
For $36,000 Is, and
$6,000, IV2S
——100.06
Scott, Horner & Mason,
For $4,000, 6s, and
$38,000, Is
100.00
Trust
v
\
Co., Concord,
For $42,000, lV4s
—100.80
Sc'th Sbnre Trust Co.,
Kirchofer & Arnold,
Pockville Center,
For $42,000, l*/4s
100.15
For 43/4S
...100.00 E. J. Prescott & Co.;
For $42,000, lV4s
-100.07
Omngetown. Orangetown Fire
Branch Banking & Trust Co.,
Dist. (P. O. Orangeburg),
Wilson,
New York
For $42,000,
IV4S——100.05
Bond Sale—The $6 000 fire anR. S. Dickson & Co.,
naratus bonds offered for sale on
For $42,000, lV4s
—100.05
Oct.
30—v.
162.
100.50
that
tendeils
14, for the
purchase of funding and refunds
ing bonds.
These bonds are all
dated July 1, 1940. ^
'.
s
.
,
,
North Carolina (State
'
of)
September Tax Yield Up From
1944—State tax collections totaled
$7,608,040 in September, for an
increase of $1,182,244 or 18.4
per
cent
over
the
like
1944
period
according to the reports of tije
departments of revenue and motor
vehicles.
The
figures
for
are
collections and do:not
gross
re¬
flect any refunds.
For the first quarter of the
rent
fiscal
stood
at
year
gain of
a
or 8 per cent above the
1944 quarter.
have
cur¬
collections
gross
$23,092,659 for
T/ki ^0>O67
The increase would
been materially
larger but
change in the time of insujr-
a
tax
ance
collections,
standing
division,
lections,
at
$11,704
of
that
item
against
$1,-
ago.
reported
by.
revenue,
included
the
revenue
sales-tax
up to $5,492,046
from
$4,754,261
col¬
for the *
a
/
year
earlier, and beverage tax at $1,483,732 against $1,046,700.
The
figures for the division
were up only 2.28
per cent be¬
over-all
of the lower insurance
tax
cause
collections.
The
*1
'■•
~
t
department
gasoline
of
division,
over-all
gain
revenue,
reported
an
of
$1,308,099
or
22.34 per cent
withrgasoline tax
contributing $6,816,280 of the $7,163,731 total against $5,549,233 and
$5,855,632 respectively in 1944. J
The
department
of
motor
ve¬
hicles reported total collections
pf
$788,077 for the September quar¬
ter against
$723,606 a year earlier
for
gain of 8.91%.
a
For
First Securities
Cabarrus Bank &
announced
*
Nov.
on
of
Bank,
Bellmore, For 4s
Murphy, N. C.
Tenders; Invited^E. L. Shields,
Town
quarter
Sale—The
30—v.
$500,000
sanitary sewer system; $30,000
water
department ^ equipment;
$20,000 garbage disposal equip¬
ment; $80,000 street improvement;
$25,000 fire stations and equip¬
ment; $200,000 airport improve¬
ment; $35,000 comfort station, and
$10,000 railroad siding and stor¬
age bins bonds.),'/•; : ,
< r -. > '
department
,
Cabarrus County (P. O.
Concord),
North Carolina
Oct.
at tne elec¬
29:
improvement; $250,-
170,970, a year
Major gains
oh
f
following
$1,150,000,
000
instruments
bidder
Y.
Oct.
on
for
ination
Beach, N.
held
payment in the usual course.
Each registered bond surrendered
must be accompanied by
proper
Bond
1940, and due
.Tpu. 1, 1970. of the above Com-
favorably voted
tion
County
announced
bridge refunding bonds, and
on
The
—
aggregating
water system
Stansberry;,
Board
Voted
,,
an
payment
Bonds
t
1.
bon^s. daf.*'* -Tan. J
the
month
•
.
of
alone
department
figures
showed
'
September
of
revenue
gasoline
division'
totals
up 40.33 per cent with the
gasoline tax contributing $2,321,971 against
$1,640,270 in the 1944
month.
"
.
,
.
t
Revenue
were
division
10.17% ahead of
collections
a
year ago
with the sales tax
returning $1,899,153 against $1,630,680 and the
beverage
tax
$551,938
against
$416,380.
V;
;
-
'
—
2069—were
p.
awarded to the Marine Trust Co..
of
Buffalo,
1945.
der
as
V£s.
Dated Sept. 1,
Denomination $1 000. Tb*>se
are
was
Sparkill,
due
Sept.
on
1,
from
The next highest, bid¬
tbe First
for
Ramomo.
•
Margate City, N. J.
Bonds
on
Trust
cenems
•1946-1950.
recent
$150,000 sewage
disposal plant bonds was approved.
and
City,
|
North Carolina
holders
National
Banlf,
2s.
of
Jointly, are
ing
refunding
J.
the Borough
issuance
fixing of the amount of each bond
of the
other ^installments;
proments becoming due
N.
Approved—At
meeting of
the
CAROLINA
Bonds Called—J. D,
detached
the payment of said
be available
at
the
Midland
1
& Cp. —100.31
New York
bonds
Keansburg,
Bonds
will
the
to
Niagara Falls Bridge Commission,
date of pay¬
purchase price. Pro¬
desired
are
be
whose
2% Bonds
County (P. O. Jefferson),
transfer.
pay
of the
for
Marine
of
pay
Nicolans
however,
amount
bonds
bidder
payable the first year may vary
in the amount from the others to
the
extent
resulting from
the
vided
least
therefor the highest
additional brice, which price shall
not exceed by more than $1,000
the par value of the bonds hereby
de¬
be
the issue is
becoming
Funds
ac¬
and payable
termined by dividing the amount
amount
the
the amount to be paid
retired
bidders offer to
more
fering to
purchase
$14,000 refunding bonds, not
j exceeding
6%
interest.
Dated
Dec. 15, 1945. Amortization bonds
on
bonds
or
sold
H. J. Goetz,
Board of Trustees,
the
receive
P. M.
accrued
interest, and to
accept therefor the least amount
of bonds, the bonds to be accepted
being those first maturing, and if
Oct. 20.
(P.
will
and
cept
Ashe
ance
Refunding,
$101,300.
Dated Jan. 1, 1938.
of the bonds.
No proposal
the
A, to
amount of
multiples of
for all
same
Series
of
Refunding, to the amount
pur¬
$1,000. Due
$12,000 Dec. 1, 1959 to 1963. Rate
interest
Custer
Water
8
bonds, not exceed¬
interest.
Dated June 1,
of
Refunding.
the
Denomination
two
For
Weigold
said
General Refunding, Series B, to
the amount of $100,000.
registered
1945.
1
General Refunding, Series A, to
amount of $3,598,000.
chase of $60,000 refunding coupon
6%
December
City is
fol¬
the
of $32,500.
General
until
for
13
the
the
E.
L.
school bonds amounting to legally acceptable proposal is reAs between proposals at
$15,000 has been approved as to ! ceived.
legality by Charles & Trauer¬ the same lowest interest rate, the
nicht, of St. Louis. These bonds bonds will be sold to the bidder
or bidders
are dated Aug. 1, 1945.
offering to pay not less
than the principal amount of $60,-
000
l%% Bonds
'
and
On January 1, 1946
Oliver
Treasurer,
Nov.
on
that
calling for redemption
lowing bonds: •
J.
N.
—
Borough
receive
$75,construction
approved at
For
.r
——100.10
were
Geo. B. Gibbons & Co., Inc. 100.199
for
amount
100.00
..
that
$1,547,500.
Dated Dec. 1, 1940.
2V2%
Falls, Mont.
— .
7/ *, C"
Hickory, N. C.
all outstanding
bonds, of an
authorized-issue of $1,079,000 road
YORK
—
Water
Jamesburg,
Bond
burg.
Bonds Voted—An issue of
bonds,
has
NEW JERSEY
000
Lafayette Bank & Trust Co.,
re¬
of
Concord,
$42,000, l%s
For
•
100.00
i
of
the
,
For V/%% Bonds
Newburgeiv Loeb & Co: —100.28
Redemption Notice
August N. Gandia, City Treasurer,
—
held
V
1.40% Bonds
Trust Co., Suffern
NORTH
is
Bond
On
The following
favorably voted at the
on
Oct. 23: $25,000
were
election
sidered for bonds at
MONTANA
..
—
Union),1
Held—It
Oct.
30, on the issuance
$950,000 construction bonds.
Principal and interest payable at
Legality Approved—An issue of
$100,000
on
announced
Price
Bank
Trust
Co., St.- Louis,
; For
$12,000, 2s, and
;
$30,000, iy4s
—100.02
Citizens National Bank,
•
Suffern 'National Bank &
ported by J. W. Mulford, District
Clerk, that an election was held
Ord, Nebraska
than
of
ap¬
Mercantile-Commerce
&
.'
Bid
For
City
have
Union Sch. Dist. (P. O.
New Jersey
Election
Other bidders
3
-
Bidder
Chas. E.
sys¬
the First National Bank of James¬
Mississippi
to
Long Beach, N. Y;
Contemplated—
issue $25,000
to
ing
The
—
the issuance
improvement bonds.
Nebraska
Issuance
tem revenue
or
■
1.60% Bonds
'
Marine Trust Co., Bilffalo. 166.166
Brunswick, N. ./.
NEW
Town officials may find it neces¬
sary
'
For
proved
Bond
1955.
follows:
as
'
Suffern
Bonds
Approved
Commission is said
NEBRASKA
Cons.
Sch. Dist. (P. O. Magnolia),
Columbia
New
were
Commissioners,
County's,
Line
1, 1949. >
1, 1945.
Dated June
Oct.
on
13/4S, at a price of 101.14.
Dated
July
1, 1945.
The next
highest bidder was Piper, Jaffray
& Hopwood, for l%s, at a price of
apolis,
Dec.
'
Dec.
cer¬
$25,000 water
for
refunding bonds.
1, 1969.
Optional
Due
29—v. 162, p. 1684—were awarded
to J. M. Dain & Co., of Minne¬
lA
date called.
on
—
offered
be
terest
In¬
Mont.
Benton,
Sale
Trust
at the Chemi¬
or
Enclose
2xk°Io
Op¬
2197
from 1946 to
bonds.
1, 1946 to 1966.
2%% refunding bonds.
71,000
from
tified check for $1,000, payable to
the above Clerk.
by lot for payment" on Dec. 1.
Payment of the principal amount
of
interest.
refunding
Due Dec. 1, 1966 to 1968.
tional on Dec. 1, 1949.
any
and
after five years of the date of is*sue.
No bids for less than par and
Fort
by R. N. Lloyd, Jr., Trust
on
3%
Due Dec.
475,000
serial,
or
date
payment
Bond
Officer of the Union Planters Na¬
tional
amortization
will be redeemable in full
with the
$1,760,000
be determined by the
Trustees.
The bonds,
of
interest
Natchez, Miss.
stated
the
of
may
1, 1945.
Bond
fixing
-
made
City, in ex¬
change for outstanding refunding
bonds, dated June 1, 1935, and
callable on1 Dec. 1, 1945:
installments to $100, $500 or $1,-
whether
Madison (P. O. Madison
the
amounts of each bond of the other
tract
Tollman
Fi*e
Dist.
(P.O. Tollman), N. Y.
Bond Sale—The $13,500 fire annaratus and equipment bonds of¬
fered for sale on Oct. 26—v. 162'
Piper, Jaffray & Hopwood,
For $42,000, P/4S
—100.04
Michigan Corp.,
For $42,000, iy4s———100.01
Bank of Wendell, Wendell,
For $42,000, iy4S?-*—-—100.01
First of
Paine, Webber, Jackson &
Curtis,
For $42,000,, IV2S—
Provident Savings Bank &
Trust Co.. Cincinnati,
For
100.16
$42,000, 1V2S——100.11
Crofise, Bennett, Smith &
n. 1941—were awarded to tho Firct
Co., and yy
National Bank, of Soring Valpw
Vance Securities Corp.,
as
l%s, at a price of par. Dated
jointly,
Nov. 1. 1945. Denomination $50n
For $12,000, 2s, and
Thes,e bqndsf <are du$ on. May lt
$30,000, IV4S
———100.04
1
NORTH
DArOTA
Bismarck Special Sch.
Dist.
No.: J,
N. Dakota
Bond
Offering—Dorothy Moses,
Clerk of the Board of Education,
will receive sealed bids until 2
P.M.
(CST),
Nov. 15, for the
$300,000
building
not exceeding 2%
interest.
Dated Nov. 1, 1945. De¬
nomination«$1,000.
Due Nov. 1,
as follows:
$10,000 in 1948, $20,000 in 1949 to I960, and $10,000
in
1961
to
1965;
Principal and
interest payable at-such bank or
purchase
bonds
trust
may
to
on
of
bear
company as the purchaser
designate. The printed bonds
approving opinion of Dor-'
and the
Colmanj Barker, Scott & Bar¬
ber, of Minneapolis, will- be fur¬
nished the purchaser.
Enclose a
sey,
certified check for $6,000, payable
the District Treasurer.
to
Halsey,
OHIO
-tv 7"
-
gymnasium and equipment bonds
amounting to $100,000 will be sub¬
mitted to the voters at the No¬
r
public utilities has been voted by Spencer Trask & Co.,
the City Council.
The telephone ! B. J. Van Ingen & Co.,
utility rate was set as % of 1 %, Hornblower & Weeks,
with the yearly yield expected to
Bacon, Stevenson & Co.,
be about $37,000.
The telegraph Otis & Co.,
rate will be 1% and no estimate
First National Bank,.
has yet been made upon the re¬
Memphis,
turns expected from this tax.
Stroud & Co.,
A. Webster
Amsterdam, Ohio
issue of $5,-
Bond Election—An
1
apparatus purchase bonds
will be submitted to the voters at
000 fire
November.
/the general election in
City Sch. Diet., Ohio
Bond Election — An issue of
Barberton
v
building
and' equipment
bonds
amounting to $1,000,000 will be
submitted to the voters at the
election
sgeneral
Nov. 6.
be held
to
on
¥;,vt
Belleville Sch. Dist., Ohio
)
1
Election
Bond
of
An issue
—
construction bonds will
jbe submitted to the voters at the
general election in November.
$120,000
Bradford Local Sch. Diet., Ohio
\
Election
Bond
of
issue
An
—
Inc., jointly,
For $1,000,000, lV4s, and
$2,090,000, Is
100.2799
funding of 1945 bonds amounting
$1,110,000 and offered for sale
on Oct; 31—v. 162, p. 2077—were
awarded to a syndicate composed
of Stranahari, Harris & Co., Inc.,
to
)ot Toledo; Wm. J. Merica & Co.,
of Cleveland; Fox, Reusch & Co.,
& Co., of To¬
ledo; Nelson, Browning & Co.,
iWeil, Roth & Irving Co., both of
Cincinnati, and Saunders, Stiver
!& Co., of Cleveland, at a price of
of Cincinnati, Roose
& Co.,
Falls
Oct.
;which
of
award
the
22,
postponed.
was
Bond
Election
$175,000
bonds
Voters at
construction
hospital
will
submitted
be
the
to
the November election.
Cincinnati, Ohio
Bond Sale—The following bonds
aggregating $3,000,000, offered for
sale on Oct. 30—v. 162, p. 1564—
/were awarded to a syndicate com¬
posed of the Harris Trust fr. Sav¬
ings Bank of Chicago, First Na¬
tional Bank, Portland, Mercantile-Comxierce Bank & Trust Co.,
St. Louis, First of Michigan Corp.,
of New York, W. H. Newbold's
Son & Co., of Philadelphia, and
Breed & Harrison, of Cincinnati,
at a price of 100.2199, a net in¬
terest cost of about
1.02%:
$1,500,000 general street improve¬
ment
Sept;
V
bonds,
I, from
Due on
to 1965,
Is.
as
1946
(inclusive.
1,000,000
sewer
?
;
bonds
improvement
Due
Is.
Sept. 1,
1946 to 1970, inclusive.
500,000
general
hospital
im¬
provement bonds, as iy4s. Due
: on* Sept;
1, from 1946-1965,
I
as
on
inclusive.
:
All
of
these
bonds
dated
are
Sept; 1, 1945.
The next highest
composed of
the Bankers Trust Co., New York,
Kidder, Peabody & Co., Fifth
Third Union Trust Co., Cincinnati,
offer
was
by
a group
&
Co., Chas. E. Weigold &
Laurence
M.
Marks
Co.,
&
Co.,
Other bids
were as
v'
Bidder
First National
Chicago,
Weeden &
follows:
Bank,
as
;
Paul H. Davis &
■
i
.'
.
.
* •/
-
Oct. 31
Co., and
Trust Co., Cincinnati,
Assel, Kreimer & Co.,
Weil, Roth & Irving Co.,
Seasongood & Mayer, and
Pohl & Co., jointly,
For $1,000,000, iy4s, and
$2,000,000, Is
100.0701
(Net interest cost 1.0894%.)
Crane, Mifflin, Pitt and Salem
Township Hospital Dist.
(Pi O, Upper Sandusky),
$2,000,000, Is
100.443
and
continued
1.52%
week ago.
a
"The sale yesterday
.
of:$3,000,d00
Cincinnati bonds vividly indicates
the
experienced
recovery
market
a
in
recent
weeks.
in
the
Of the
of
issue
construction
submitted
the
to
general election in
Schi Dist.
(P. O. Cincinnati), Ohio
Election
<—
at
the
An
issue
of
amounting to $400,-
election
held
be
to
eral
iy4s
as
reported
on
is
at
net
The
about
Election
building
—
An
bonds
offered
1.02%,
"On July 23, 1945
District
of
will
be
*
to
-
be
held
.
;this
'
due
a
of
cost
School
the Cincinnati
$3,000,000 of
sold
1946-69
as
Is at
101.08
reported net interest cost of
.91%. On July 30, 1945 Hamilton
for
issue
for
net in¬
the third,
1.056%
and
the
fourth
1.07%;
so
the^bidding was indeed close
and
competition
keen.
It
is
reported that about 65% of the
bonds were sold yesterday aftersnoon
on
a
price scale ranging
from .35% for the 1946 maturity
to 1.10% for the 1970 maturity.
*■
reported,
terest
bonds
Sch. Dist., Ohio
100.21
interest cost of
second bidder, it
'
election
month.
$2,500,000 due 1946-70 sold
Is and
$500,000 due 1946-65
1.019%.
,
An
will
at
a
Countv
sold
due
3946-67
net
interest
The
spread
$2,815,000
as
Is at
cost
in
submitted
be
the
County (P. O.
Shawnee), Okla.
000.000
of
the voters at
Ryan, Okla.
of
bonds
100.53 for
about
a
.95%.
net /interest cost
of
for
the
Election
$55,000
bonds
These
23.
such
the lowest
offered,
will
tenders
Bond
Bond
of
issue
bonds
$34,000 water system construction
will
the
at
submitted
be
November
works
bonds.
extension
ination $750.
general
t
Denom¬
a
multiple of y4
of 1%.
a
certified
for $2,680, pay^
check
Enclose
able to the Village.
Zanesville
City Sch. Dist.,
and
equipment
$2,775,000
to
submitted
to
the
election
general
OZiio|
will
be
at
the
voters
be
to
held 'in
Eufaula, Okla.
Issuance
Contemplated—
Oct.
the City Planning
motion by major¬
ity vote, to inaugurate prelimin¬
ary
steps for an issue of local
hospital and health center bonds
for
a
project costing $110,000.
17,
Board passed a
The
to
proposal has been presented
the
action.
Nov.
bonds
on
1,
1965.
interest
any
paying date on and after Nov. 1,
1950.
Principal and interest pay¬
able at the City Treasurer's of¬
fice.
No
less than
bonds
the
to
check
value of
par
will
be
sold
for
98% of their par value.
certified
A
City,
City
,
for
Council
-/
*■'
-
-
proper
-
Union
for
2%
of
the
the .bonds, . payable
is required.. "
■
County Sch. Dist. No. 23
(P. O. Elgin), OreJ**
»
-
Bond
Offering—Josephine Har¬
District Clerk, will receive
ris,
000
con¬
bonds
OKLAHOMA
Bond
on
bids
until
7:30
P.M.
on
Nov. 12, for the-purchase of $76,-
November.
On
due
are
sealed
j
Bond Election—An issue of
amounting
„
A.
—
Due $750 from June
1, 1946 to 1955. Bidders may bid
fbf a different rate of interest in
struction
Offering
deem, said
election.
j West
Union, Ohio
iBond Offering—Mary Greenlee,
-rVillage,Clerk, will receive sealed
bids until noon on Nov. 13, for the
purchase
of
$7,500
3%
water
in
The City reserves the right to re¬
the
to
Oct.
wiHr mature
Ramsey,
City Recorder, will receive sealed
bids until 8 P.M. on Nov. 8, for
the purchase of $10,000 3% water
bonds.
Dated Nov. 1, 1945. De¬
nominations $500 and $100. These
at
offering price.
Election*— An
vot¬
on
OREGON
pur¬
be
the
to
held
Bay City, Ore.
Vermilion, Ohio
voters
bonds
at
to
electric
25 years.
cludes accrued interest to date of
bonds
election
the
which they are of¬
fered and whether such price in¬
suant
submitted
was
at
ers
the
price
issue
Held—An
semi-annual
-
light system, purchase and repair
Nov.
purchase of bonds
dated July 1, 1938, and maturing
on July 1, 1963.
All tenders shall
19,
election to be held
"
Robi-
on
an
Nov. 20.
on
Bond
noon
issue of $1,road
and
semi-annual
bridge bonds will be submitted to
the
shaw, Village Clerk, will receive
sealed tenders until
to
on
30.
Bond Election—An
general
F.
submitted
was
Pottawatomie
$150,000 public library,
$425,000 sewer bonds.
i
Invited—W.
con¬
voters at the election held
the
Oct.
election:
and
issue
struction bonds
the
to
November
[
Held—An
swimming, pool
$60,000
.
Ohio
following
delivery. All purchases made
follows:
as
to improve in
municipal market dur¬
ing the past week and our index
for 20 Ohio bonds moved up for
the fourth consecutive week, the
yield
(which
moves
inversely
with the price) declining to 1.34%
from 1.35% a week ago. The in¬
dices for 10 high grade bonds and
for 10 lower grade bonds stand
today at 1.16% and' 1.51%, re¬
spectively, compared with
sold
submitted to the voters at the gen¬
'
under ~ ctete> of
Election
Bond
of
$5,- j
on
state the number of bonds
Ohio
as
Joint
Bond
;
$250,000
bonds
$330,000
jointly,
For $1,000,000, l*4s, and
of
(State of)
reported
"Bids
the
Co., New York,
R. W. Pressprich & Co.,
Glore, Forgan & Co.,
Kean, Taylor & Co.,
Harvey Fisk & Sons,
Mackey, Dunn & Co.,
Tripp & Co.,
Provident Savings Bank &
Delaware City
A. G. Becker & Co.,
issue
Higher—J. A. White & Co., Cin¬
Bid
be
.
•
placed
dated
are
New York
Solon, Ohio
voters.
cinnati,
Chemical Bank & Trust
Nov. 6.
-
an
bonds
ballot at the November election.
election.
Ohio
000 will be submitted to the voters
:t
bonds
Municipal Bond Prices Continue
follows:
Bidder
hospital
be
will
voters
Election—At the Novem¬
election
Price
will
bonds
1962, and $5,000
V '
:
T
Perry, Okla.
500 fire truck and fire alarm sys¬
bonds
$1,936,000
hospital bonds will be submitted,
Singer, Deane & Scribner,
jointly,
For $3,000,000, iy4s __101.816
bonds
20 years.
Township (P. O. Harpster),
tem
bonds.
follows: $6,-
as
'
1963.
in not
due
are
Shaker Heights,
Napoleon, Ohio
ber
to the
school bonds
Co.,
Burr,
Milwaukee Co.,
Illinois Co.,
Chicago,
the
at
voters
equipment
and
November
Bond
of Columbus,
and
$65,000
bonds
Tenders
Moore, Leonard & Lynch,
Bond
Coffin &
the
to
County—City Sch. Dist.,
& Co.,
Deer Park Exempted
,
of
issue
will be submitted to the voters at
the
Julien Collins & Co.,
Price Bid
.
An
Election-—The
building
Nashville,
Bank,
,
—
Ohio
Laidlaw & Co.,
—
than
more
general election in November.
Bond
Election
of
Bond- Election—The
November.
1.028%.
Election
submitted
York,
Bond
r
■
issue
Bond Election—An issue of
$24,000 construction bonds will be
Marion
Ohio
These
tion.
Sept. 1,
Agency of the State
City.
These bonds,
authorized at a recent election,
are issued for the purpose of im¬
proving school buildings and are
payable from an unlimited ad
valorem tax against all the tax¬
able property in the District ex¬
cept homestead exemptions. Le¬
gality approved by J. Berry King,
and George J. Fagin, both of Ok¬
lahoma City.
'
" Z Y
of
November elec¬
at the
-
Sept. 1,
Denomination $1,000. Prin¬
and interest (J-J) payable
1945.
be submitted to
will
bonds
the voters
of
.
Ohio
Guaranty Trust Co.,
were
in
in
Ohio
.
>„
-
improvement
000 in 1954 to
These
be held in November.
An
'✓
'
Due
<
jail bonds amounting to
$200,000 will be submitted to the
voters at the general election to
—
Honnold,
.
3%
'
county
Election
„•
at the Fiscal
issue
An
Edgar
City:
1953.
59,000
(P.O.
Clinton), Ohio
—
.
.
Public—the
to
C.
by
cipal
Pitt
Township Local Sch.
Dist. (P. O. Oak Hill), Ohio
Bond
l-
$36,000 23/4 % improvement bonds.
Due $6,000 Sept.
1, 1948 to
Ottawa County
Jefferson
Co., and
bidders
ment
yield of 1.17%, com¬
pared with 1.18% last week, and
the
index
for
10
lower
grade
bonds rose from a 1.54% yield a
week ago to 1.52% today."
Election
Offered
Oklahoma
is today at a
ment
the
issuance
Clerk.
trict
$1,000,000, iy4s, and
$2,000,000, is
100.1399
Other
6
playgrounds;
control
following bonds, aggregating $95,000, are being offered for invest¬
bit further in the
rose a
$20,000 municipal airport acquire¬
$250,000
construction
bonds,
according to C. M. Yeager, Dis¬
For
Co.
Nov.
the
on
pass
Bonds
yield standing today
at
1.35%
compared with 1.36% a week ago.
The index for 10 high grade bonds
of
Hannahs, Ballin & Lee,
Stern Bros. & Co.,
1199.
cost
will
storm,. sewers;
and
Oklahoma
Oct. 24, the firm
Paulding,
r
Election—On
Bond
voters
For
—
municipal
Bond
R. H. Moulton & Co.,
Ohio
to
Gallipolis Sch. Dist. (P. O.
Gallipolis), Ohio
Eastman, Dillon & Co.,
Hemphill, Noyes & Co.,
E. H. Rollins & Sons,
I. duPont
"Prices
be held in November.
Fenner & Beane,
Commerce Union
amounting
$200,000 will be submitted to the
voters at the general election to
Estabrook & Co.,
Merrill Lynch, Pierce,
voters at the
interest
bonds
Status
Week's
Port
Bond Election—An issue of city
building
was
bonds
Fostoria, Ohio
100.3799
parks
traffic
signals; /
$500,000 memorial .'library, and •'
$675,000 eastside viaduct and re¬
issued this report:
Bond
Blodget, Inc.,
Francis
of
issue
hospital
$600,000
$46,000
•
yield of 1.45%/ pairs bonds. // ;
J
^ ;
]
The recovery to date has been
Ohlahoma- County jScK.S Dist.
.11% in yield, to 1.34% for today."*
No. 52 (P. O. Midwest City),'
November election.
the
Phelps, Fenn & Co.,
Stone & Webster and
New
An
—
county
$1,450,000
ment;
was
for this- year
index
this
for
and
set on 8/22/45 at a
will be submitted to the voters at
Bros.,
jointly, for $2,500,000, Is,, and
$500,000, l*4s, at a price of 100.Net
Election
$360,000
$1,500,000, iy4s
John Nuveen & Co., Geo. B. Gib¬
bons & Co., Inc., Adams, McEntee
and
bonds
general election in November.
Bond
Co., and
Pittsburgh,
of
issue
An
—
$125,000
Fayette County (P. O. Washington
C. H.), Ohio
Mellon Securities Corp.,
Bueyrus, Ohio
!'
The
construction and equipment
Magnus & Co., jointly,
the bonds offered for
are
—
bonds
Nov. 27:
sewers
water mains and storage
tank;
$1,250,000 fire stations and equip-:
of .13%.
set by our
Ohio
20
sanitary
on
sewage/disposal plant;; $1,842,000
market during
the past week, and our index for
20 Ohio bonds rose slightly for
the third consecutive week, the
Township Rural Sch. Dist.
Zanesville), Ohio
Election
$9,000,000
1.18%, for the three weeks from
4/25/45 through 5/9/45. The low
Ohio
will be submitted to the voters at
Einhorn &
on
de¬
the
$600,000 issue A bonds, as 23/4S.
510,000 issue B bonds, as 3s.
These
fire
$23,000
(P. O.
Bond
Fox, Reusch & Co.,
sale
of
Curtis,
Reynolds & Co.,
Martin, Burns & Corbett,
Hayden, Miller & Co.,
Lehman
for
index
high
time
the week ended
Paine, Webber, Jackson &
McDonald &
all
$15,363,000,
.
the election to be held
yield.
"The
aggregating
will be submitted to the voters at
on
^
Ohio
partment bonds.
Inc.,
Blyth & Co.,
Goldman, Sachs & Co.,
L. F. Rothschild & Co.,
F. S. Moseley & Co.,
parr
*
issuance
market
of the
index
our
1.16% today, a difference
in
Council is said to have authorized
bonds will Fahey, Clark & Co.,
be submitted to the voters at the
jointly,
For $1,500,000, Is, and
general election on Nov. 6.
Brooklyn (P. O. Cleveland), Ohio
Bond Sale—The following re¬
1,
Bonds Authorized—The Village
improvement
$28,000
that
Previous
the
Harriman Ripley
Oct.
>
Fair view,
-
Bond
bonds,
City sale yesterday is about .11%
in yield. It is interesting to note
City
fice.
New York,
Oklahoma City, Okla.
Election—The
following
School
Cincinnati
the
7/23/45 and the Cincinnati
on
high grade Ohio bonds stood at
1.03% on 7/25/45, compared with
Council passed an or¬
dinance calling for an issue of
$20,000 2% street improvement
bonds.
Dated Oct. 1, 1945.
De¬
nomination $2,000.
These bonds
are due $2,000 on Oct. 1,
1947 to
1956. Principal and interest pay¬
able at the City Treasurer's of¬
Williarrj R. Compton & Co.,
sale
10
.
Dover, Ohio •
Authorized—On
Bonds
the
Dougherty & Co.,
City Bank,
election.
vember
and
National
of
issue
Election —An
Bond
&
Blair
between
Delphos City Sch. Dist., Ohio
Stuart & Co., ■
Co., Inc.,
| ■
Akron, Ohio /iy
Shields & Co.,
City Levies Utility Taxes—A ' Marine Trust Co., Buffalo,
direct tax on the revenues of two I
Graham, Parsons & Co.,
I
Monday, November 5, 194S
THE COMMERCIAL & FINANCIAL CHRONICLE
2198
,
building
coupon
bonds. Dated
Nov. 1, 1945. Denomination $1,000..
These bonds are due on Nov. *1,
as
follows: $4,000 in 1946 to 1959,
and
$5,000 in 1960 to 1963. Bonds
maturing in 1952 to 1963 may be
redeemed on Nov.' 1, 1951. Prin¬
cipal and interest payable at the
County Treasurer's office, or at
the fiscal agency of the State irk
New York City.
The principal
of and interest upon the bonds will
be
payable from ad valorem taxes
of the District, without limitation
as to rate or amount,
upon all the
real and personal property within
the limits of the District so tax¬
able
for
its
purpose.
The bonds
will be awarded to the bidder of¬
fering to
the District
the
lowest
cost upon the issue,
interest
net
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4435
Volume 162
premium offered, if any, con¬
sidered,^ and will be delivered
complete at the expense of the
iDistrict at such City in Oregon
acs
the - successful
bidder shall
Each
name.
bidder
is
asked
to
state in his bid the total net bond
interest cost to the District under
his bid, if accepted, provided none
of the bonds are called before the
maturity dates tHereof. All.
The
final
bids must be unconditional.
approving opinion of Teal, Winfree, McCulloch, Shule£>& Kelley,
of Portland, or Cochran & Eberhard, of La Grande, will be fur¬
nished the purchaser.
Enclose a
certified check for $2,500, payable
such
Yeadon, Pa.
bids will
No
semi-annually
at one
of- 1%, 1 44%, 1V4%, 1%%,
1%%, 1%%, 1%%, 1%%, 2%,
2 % %, 2 % %, 2 % %, and 2 44 %. No
bids will be received for less than
than
chaser/relieve the purchaser from
his obligation under the terms of
the
rate
the purchaser to
accrued
and
Said
interest.
general obliga¬
tion bonds of the Borough, pay¬
bonds
able
are
be
to
valorem
ad
from
taxes
on
the property taxable therein for
Borough purposes within the tax¬
ing limitations imposed by law.
The enactment at any time prior
and
unconditional
be
must
form
must
which
in
submitted
on
be
obtained
The bonds
be
may
the
from
entitle
and
the return of the
deposited with the bid.
Bids
blanks
sale
of
contract
amount"
Secretary.
offered for sale under the pro¬
are
visions of the Municipal
Borrow¬
ing Law of the Commonwealth of
Pennsylvania and are to be sold
delivered
the
to
Federal legislation which in terms,
by repeal or omission of exemp¬
purchaser
only if and after proceedings au¬
thorizing
the issuance
of said
bonds have been approved by the
Council of the Borough and ap¬
otherwise, subjects to a
income tax the interest
proved by the Department of In¬
ternal' Affairs.
Said bonds are
character
will,
opin¬
Lewis &. Bockius,
of Philadelphia.
Enclose a cer¬
tified check for $840, payable to
the Borough.
delivery
the
to
tions
or-
Federal
the bonds, of
of
bonds of a class
-on
or
which includes these bonds,
election
the
-at
of the purchaser,
purchaser from his
obligation under the terms of the
contract of sale and entitle the
the
relieve
and
also subject to the favorable
and
must
submitted
be
may
Municipal Borrow¬
visions of the
ing Law of the Commonwealth of
Pennsylvania and are to be sold
•and
delivered to the purchaser
:only
if
and after proceedings
•authorizing the issuance of said
•bonds have been approved by the
.Council of the Borough and ap¬
proved by the Department of In¬
ternal Affairs.
Said bonds are
the favorable opin¬
Lewis & Bockius,
of Philadelphia. Enclose a certi¬
fied check for $400 payable to the
♦also subject to
ion of Morgan,
Borough.
an
recommended
memorial
bonds
be
recently
Trustees
that
issue of $60,000
construction
librarv
refunding
000
bonds
$65,pur¬
was
Co., of- Charlotte, as follows:
$26,000 maturing on Sept. 1, $4,000 in 1946 to 1949, $5,000 in 1950
and 1951, as 2%s, and $39,000 ma¬
turing on Sept. 1, $5,000 in 1952
to 1954, and $6,000 in 1955 to 1958,
as 3s.
Dated Sept. 1, 1945.
De¬
nomination $1,000. Principal and
interest payable at the Central
Hanover Bank & Trust Co., New
York.
In the opinion of counsel
the bonds are valid and legal ob¬
&
ligations of the Town, secured by
an irrevocable pledge of the full
faith, credit and taxing power of
Under the proceedings
the Town.
levy
a
the Town is required to
direct ad valorem tax upon
all taxable property therein,
out
limitation
as
to
with¬
rate
or
amount, sufficient to meet the
payment of the principal of and
interest
on
said bonds
as
they
ma¬
•submitted to the voters.
ture, and to create a sinking fund
.'* "r'
for
-
McKeesport, Pa.
-
and
Street
Sewer
Lien Claims
Cleared—The City Council
is said to have started disposition
-of claims based on outstanding
.street and sewer liens, the princi¬
Being
that
purpose.
and collection of this tax.
Legal¬
ity approved by Huger Sinkler, of
SOUTH OAKOTA
pal and interest on which total
about $600,000, as it took up in¬
Mitchell, S. Dak.
dividual consideration of over 100
Bond Offering—C. E. Beuhler,
settlement offers.- The
problem
City Auditor, will receive sealed
arose when the city called in the,
and oral bids until 7:30 p.m. on
bonds for which the sewer liens
Nov. 7 for the purchase of $110,were collateral.
It developed that
000
water
supply improvement
.most of the unpaid liens were
coupon bonds,
against
unimproved
properties interest.; Datednob exceeding 3%
Nov. 1,1945. De¬
willing
to pay the full amount of the
principal and accumulated inter¬
est at 6% over a 20-year period.
and that few owners were
A
proposal by
Buchanan that
under
cases
a
Frank
interest be abated
State law
covering such
Council.
indicated
settlements might be con¬
was
However,
some
Mayor
rejected
the
by
group
sidered.
wl
nomination $1,000.
Due Jan, 1, as
$6,000 in 1948 to 1963,
$7,000 in 1964 and 1965. Rate
follows:
and
interest
of
to
be
in
multiples of
from
Voted
Oct.
on
said
/ ; 7 '}]
election
Ballinger, Texas
,
Bonds
At
—
an
the
23
voters
are
approved the issu¬
of $50,000 paving bonds,
ance
Dated April 1, 1945.
tion
y/'Texas '
,
School
Permanent
Fund
for
30, 1945.
system revenue bonds Nos. 75 to
188
191
and
to
217, amounting to
$135,000 are being called for pay¬
ment on Dec. 1.
Dated June 1,
1939.
Denom. $1,000.
Due June 1
follows: $17,000 in 1947 and
1948, $18,000 in 1949 and 1950,
$19,000 in 1951, $20,000 in 1952,
$18,000 in 1953, and $8,000 in 1954.
Holders shall present the above
designated bonds and coupons for
payment at the Hamilton National
Bank, Knoxville, or'the Chase Na¬
tional Bank, New York.
Interest
as
ceases
date called.
on
The
■
bonds, Nos.
131
to 400,
amounting to $270,0(H), and bearing interest at 17/10% and
1 8/10%, are being called for pay¬
ment on Dec. 10, at the Republic
National
Bank, Dallas.
Interest
date called. These bonds
ceases on
are
dated May 10, 1939.
000
on
Due $30,-
April 10, 1946 to 1954. De¬
nomination
$1,000.
the
Bonds
Sold—An issue of $75,bonds was" awarded re¬
000 road
bonds in inverse numerical order
cently to Roe & Go., of San An¬
tonio, at a. price of 100.0103, a net
before
so
if redeemed on
June
1, 1942 (as to
redeemable), 4% if re¬
fore June
and
on
fore
June
of
tice
and
on
if
or
be¬
re¬
be¬
1948, by giving no¬
1,
its
or
1945, and 3%
1,
deemed thereafter and
intention
redeem
to
off said bonds by pub¬
lication for a period of 30 days.
pay
Gibson County (P.
O. Trenton),
Tennessee
Bond
awarded
were
the
to
Commerce
Hermitage
Corp., both of Nash¬
ville. jointly, as 144s, at a price
of 100.455, a net interest cost of
about 1.15%, Dated Oct. 1, 1945.
Denomination $1,000. These bonds
are due on
Oct, 1, from 1946 to
1958. The next highest bidder was
the Bank of Trenton & Trust Co.,
Trenton, Union Planters National
Bank & Trust Co., Memphis, and
C.; H. Little & Co., jointly, for
$300,000, 2s, and $200,000, Is, at
a price of 100.20.
v
Bank,
and
the
Securities
,
Bonds
that at
a
Voted—It
reported
issuance
La
Bonds
by
the vot¬
wide margin
$50,000
com¬
munity center bonds.
approved
a
of
Follette, Tenn.
Called —P.
W.
Smith,
Clerk, has announced that
the City's 214% electric system
City
series B bonds, Nos" 1 to
called for payment on
1, on which date interest
ceases.
Dated Dec. 1, 1943. De¬
revenue,
242,
Due
1948 to 1956.
payment
June
I,
/
for
Funds
bonds
and
payment
as
computed to
7
'
$35,000/
hall bonds purchased
city
in the latter part of February by
H. L. Shaffer & Co., of Lubbock
161,
—v.
,
928—were sold at a;
Dated March 1, 1945/
p.
price of par.
Denomination $1,000. These bonds
are
due on March 1, from 1946
1960..
Sulphur Springs.^Texas X:
Bonds
Sold
,
The
following
bonds amounting to $125,000, of¬
fered
for
awarded
sale
to
J.
—
on
Oct.
Bradley
16,
were
White, of^
price of 100.008, a net
interest cost of about 2.52%, as
Dallas, at
a
after.
Details—The
Sale
Bond
$791,-
and building bonds
000 refunding
syndicate
awarded recently to the
headed by B. J, Van Ingen & Co.,
of
York—v.
New
1943—
162, p.
sold at a price of par.
Due Oct.
of
the
said
tion
$1,000.
These
Whitney, Texas
$29,000
refunding
purchased recently by-
Bonds Sold—An issue of
bonds.
1, from 1946 to 1950.
344%
semi-annual
bonds
was
of Dallas.
50,000 244% building bonds. Due
Oct. 1, from 1946 to 1950.
gality approved by McCall, Park¬
hurst & Crowe, of Dallas.
270,000 3% building bonds. Due
Oct. 1, from 1951 to 1969.
Dated Oct. 1, 1945. Denomina¬
tion $1,000.
v
,
$1,180,000
bonds have been
Texas.
&
House
,
T
•;
p.
of Dallas,
•
J*
—
'
The
First
Bank, of Morton, and B. V.
824—were awarded to the
State
Approves
Lea
j
Airport
Legislation—The Lea Airport-Aid
refunded through
Co., Inc.
Sold
^
UNITED STATES
is reported
bill, authorizing $650,000,000 over
outstanding city a
10-year
period, *on
a
50-50
V.._.
Bonds
Henry Investments,
Dated Oct. 1, 1945. Le¬
United States
Bond Refunding—It
that
the^ Louis B.
\:
McAllen, Texas
re¬
ma^ity dates at the Bank & Trust Co., New York
and the Peoples National
coupon rate or rates specified in City,
the bid, and in case of a tie on Bank, LaFollette.
1, 1945. Denomina¬
Principal and inter¬
est payable at the Mercantile Na¬
tional Bank, Dallas. Legality ap¬
proved by McCall, Parkhurst &
Crowe, of Dallas.
.
if
*•//■
Dated Nov.
391,000 3% refunding bonds/Due
Oct. 1, from 1951 to 1969.
Crummer
of
refunding
244%
$80,000
are
$1,000.
1.65%,
Harlington Indep. Sch. Dist., Texas
Dec.
nomination
Sudan, Texas
Bond Sale Details—The
344%
May^
•.
$54,000 maturing Feb/ 1, follows:
$5,000 in 1950, $7,000 in 1951 to $90,000 street improvement bonds*.
1957, as l%s, and $21,000 matur¬
as 244s/Due April L as fol¬
ing $7,000 Feb. 1, 1958 to 1960,
lows: $2,000 in 1950, $7,000 hv
as 144s.
Interest payable (F-A).
1951 to 1957, $9,000 in 1958,
Dated Nov. 15, 1945. Denomina¬
and $10,000 in 1959 to 1961.
tion $1,000.
Principal and inter¬
Bonds
maturing in 1957 to
est payable at the State Treas¬
1961 are optional on April I,
urer's
office.
These
bonds,
1956, or on any interest pay-*
authorized at an election held for
ment date thereafter.
>
?
such purpose, will constitute, in
35,000 park improvement bonds',
the opinion of counsel, direct and
as 2%s.
Due April 1, as fol-*
general obligations of the entire
lows: $1,000 in 1947 to 1949*
County, payable from ad valorem
$2,000 in 1950, $1,000 in 1951
taxes levied on all taxable prop¬
to 1953, $2,000 in 1954, $1,000
erty therein without limitation as
in
1955
to
1957,
$2,000 in
to rate or amount.
Legality ap¬
/
1958 to
1962, and $3,000 in
proved by Gibson & Gibson, of
1963 to 1966. Bonds maturing
Austin.
in 1957 to 1961, are optional
The
next highest bidder was
on April
1, 1956, or on any
Rauscher, Pierce & Co., at a net
interest^ payment date there¬
interest cost of about 1.68%.
bonds are described as follows:
is
recent election
ers
about
dated
follows:
were
Halls, Tenn.
-
of
cost
are
,
Sale—The
$500,000 road
bonds, series of 1945, offered for
sale on Oct. 29—v. 162, p. 1815—
Union
interest
bonds
Interest payable J-J.
1, 1945.
to
Guadalupe County (P. O. Seguin),
Texas
{ /;\v y?Vf
right to pay/off and redeem said
at the rate of 5%
These
2s.
road
,
reserved
has
Town
County Treasurer, has announced
that the County's series of 1939,
following
bonds amounting to $175,000, of¬
fered for sale on Aug. 23—v. 162,
interest cost
Oct..
on
Wfi&h
|
<
,
'
Morton, Texas
stated
were
re¬
quired redemption premiums and
net
bonds
:
$2,186,000/
favorably
>
voted at the election held
interest thereon due Dec. 1, 1945,
will be available at the Chemical
the
777-,-r
Voted—The
Bonds
building
policy of releasing
bonds held by the
those
only
44 or one-tenth of 1 %.
est
;
San Antonio Indep. Sch. Dist.,
Permission De«*
recent meeting the
Bond Refunding
be
Bids will
preferred according to the low¬
Denomina-.
$1,000. V Interest
payable
(A-o
Corpus Christi Indep. Sch. Dist.
(P. O. Corpus Christi), Texas
a
..
f
have
to
date.
50,000 street improvement bonds.
;
Due April
1, from 1946 to
.1965.
/••• ;■ ' 7.
>
20,000 city hall bonds. Due $1,000
April 1, 1946 to 1965/
vr"
Seminole Community Consolidated/
financing when the bonds placed
;Z
Sch. Dist., Texas //•/;//•/'■'•
the fund in jeopardy, refusing the
the electric system revenue bonds
Bond Sale Details—The $450,000
above district permission to re¬
Nos. 59 to 74, amounting to $16,fund a block of $999,000 held by building bonds awarded in June000, are called for payment on
the fund.
C. O. Hamlin, Super¬ to William N. Edwards ♦& Co., of
Dec. 1, at 103 and accrued inter¬
Worth—v.. 161,
p.
2604/-*
intendent of the Corpus Christi Fort
est.
Dated June 1, 1939. These
Ind. Sch. Dist.,. told the board that were sold at par, at a net inter-*
bonds mature on June
1, 1946. his district could refund
1.86%, as
follows:
$999,000 est cost of
Holders shall present the above
3.15% bonds held by the fund at $119,000 maturing Jan. 1, $23,000*
designated bonds and coupons for
in 1946, and 1947, $24,000 in 1948 ,
2.16%.
He said the district had
payment at the Hamilton National
and 1949, $25,000 in 1950, as 144s,;
$2,897,000 outstanding indebted¬
Bank, Knoxville, or the Chase ness and that additional bond is¬ $184,000 maturing Jan. 1, $25,000
National Bank, New York." Inter¬
in 1951 and 1952, $26,000 in 1953
sues from $1,500,000 to $2,000,000
est ceases on date called.
and
1954, $27,000
in 1955 and
would be needed.
Bonds Called—j. M. Burkhart,
1956, $28,000 in 1957, as l%s, and,
Dallas County (P. O, Dallas),
Secretary-Treasurer of the Elec¬
$147,000 maturing Jan. 1, $28,000
tric System, has announced that
Texas
in 1958 and 1959, $30,000 in I960',
the Town's 3% and 314% electric
Bonds Called —-Thos. Goforth, and 1961, and $31,000 in 1962, as;
the
Charleston.
Burkhart,
Secretary-Treasurer of the Elec¬
System, has announced that
Adequate pro¬
vision has been made for the levy
/;>//
held
future.
near
tric
deemed thereafter
of
issue
recently by R. S. Dickson
chased
taken,
Corapolis, Pa.
Submittance
Recom¬
mended—The Board of Library
•i Bond
Sold—An
$250,000 water supply im¬
bonds may be sub¬
mitted to the voters at an election
the
.
$105,000 water and sewer revenue
bonds. Due Oct.l, from 1946
/
to
1965.
Optional 10 years
provement
in
3s and 344s:
as
to its avowed
Bonds Called—-J. M.
bonds
Allendale, S. C.
Bonds
of
sue
ly,
7,/■-
Planned—An is¬
Election
Bond
IntHouston*ioii
Christie & Co., of
:;.::C:V
State Board of Education adhered
Clinton, Tenn.
or
CAROLINA
SOUTH
on
be obtained
from the Secretary.
The bonds
.are offered for sale under the pro¬
which
blanks
TEXAS
Alice, Texas
nied—At
of Morgan,
ion
•purchaser to the return of the
•amount deposited
with the bid.
Bids
must
be unconditional
in
"form
to the
TENNESSEE
and
par
payable
par
then according
for less
be received
accrued interest.
Said bonds are to be general ob¬
to the District.
ligation bonds of the Borough,
PENNSYLVANIA
payable from ad valorem taxes on
Colwyn (P. Oi Darby), Pa.
the property taxable therein for
Bond Offering—John Y. Mace,
purposes within the taxing lim¬
Borough Secretary, will receive itations
imposed by law.
The
sealed bids until 9 P.M. (EST) on enactment at
any time
prior to
Nov: 19 for the purchase of $20,- the
delivery of the bonds, of
000
general
obligation
coupon Federal
legislation
which
in
bonds, not exceeding 244% inter¬ terms, by repeal or omission of
est.
Dated Dec. 1, 1945. Denom-. exemptions, or otherwise, subjects
jnation $1,000.
Due Dec. 1, as to a Federal income tax the in¬
follows:.* $6,000 in 1950, and $7,- terest on bonds of a class or char¬
000 Jn 1955 and 1960.
Register- acter which includes these bonds,
able as to principal.
Bids are re¬ will, at the election, of the pur¬
quested for the whole of the above
issue of
bonds bearing interest
basis
Bond Offering—Frank R. Culp,
higher amount of premium. Prin¬
Borough Secretary, will receive cipal and interest payable at any
sealed bids until 9 p.m. (EST), on suitable bank or trust company in
Nov. 23, for the purchase of $42,- the United States, These are the
000 borough coupon bonds, at not bonds authorized at the election
exceeding 2 44 % interest. Dated held on Sept. 4, 1945, The City
Dec. 1, 1945.
Denomination $1,- will furnish the printed and ex¬
000. Due $8,000 Dec. 1,1950, 1955, ecuted bonds and the approving
1960, 1965 and $10,000 in 1970. legal opinion of Dorsey, Colman,
Registerable as to principal. Bids Barker, Scott & Barber, of Min¬
are requested for
the whole of neapolis, both without cost to the
the ;above issue of bonds bearing purchaser, and delivery thereof
interest payable semi-annually at will be made within 45 days after
one
rate
of
1%,
144%,' 144%, acceptance of bid. Enclose a cer¬
i%%riV2%, i%%, W%? 1%%, tified check for $2,200, payable to
2% 244%, 21/4%, 23/8% and 244%. the City Treasurer.
Z199|
matching basis, was approved re¬
cently by the House of Represen¬
tatives. Under its provisions, any
public agency, i. e.—city, county
or State, may sponsor an
airport
project.
Since the Senate had
previously passed the McCarran
bill, a somewhat similar measure,
it is expected that final Congres-
THE COMMERCIAL & FINANCIAL
2200
—
sional
action
velopment was passed by 17 State
Legislatures during recent ses¬
sions, the American Society of
Planning Officials reports...
the subject will
on
future.
be under way-in the near
Roses
Supreme Court Ruling:
For States and
Local
Dilemma
local govern¬
ments will be gravely interested
in the outcome of the case of New
York v. United States, No. 5 on
the October term c&lendar of the
The case
given
to public housing
authorities by three States, and
to
State-local
government
by
seven
States.
In four States a
combination of the three, private
Municipal Revenue Program—The
enterprise
or public housing or
government, shares re¬
sponsibility for urban redevelop¬
revenue
State-local
the Circuit Court of
Appeals permitting Federal im¬
position of an excise tax on the
sale of bottled waters by the Sara¬
which
ment.
Authority, a State
from the Saratoga Springs
owned by the State
of New York.
The issues in the
case were' relatively narrow, and
it was assumed that the Court
would decide that the sale of bot¬
tled
waters
from State-owned
natural resources either was or
was not the exercise of a govern¬
mental function.
The 17 States
toga Springs
taking action this
Arkansas,
Alabama,
agency,
year
Reservation
State
briefs
and
the following
questions:
Congress
May
constitu¬
taxed, merely because it is
that of a State—and if income of
private
source
person
be
may
taxed?
;
owned or
received
United
U,
S.
by private persons.
States v. California,
175,
184,
185,
and
mutual
areas.
Michigan amended a law per¬
taining to creation of urban re¬
development corporations which
provides for' setting up of plan
commissions
and
supervising
agencies; to approve a develop¬
ment plan before the development
property and income
normally subject to
taxation when
Federal
authorized
governing body of any mu¬
nicipality may designate as a re¬
development agency the Local
Housing
Authority,
the
State
Housing Authority, or may create
a new redevelopment agency.
v.
See
297
cases
cited."
Df
Knowledge of the Court's order
immediately aroused Governors
and Attorneys-General through-out the country to the gravity of
the questions raised by the Su¬
a
substandard
area
can
itiated.
be in¬
Michigan also authorizes
counties, cities, villages and town¬
ships to adopt plans for rehabili¬
tation of blighted areas and to
carry out a slum clearance
and
preme Court.
As a result of im¬ improvement
project by acquiring
mediate
action on the part of
Title to a slum or blighted area
^many of these State officials, the
and redeveloping it.
j
Court agreed to a postponement
Three States—Alabama, Massa¬
of the reargument of: the case
chusetts and Minnesota—give ori.originally scheduled for Nov. 7
vate enterprise sole responsibility
♦to Dec. 3.
for urban redevelopment in re¬
v. Urban Redevelopment Legisla¬
cent
legislation.
Alabama dele¬
tion Passed by Numerous States— gated to private
enterprise exclu¬
Legislation to enable urban rede¬ sively the responsibility for abol¬
,
181
Dated
April
1938.
1,
due
are
April
on
These
1948,
1,
on any interest paying
Interest
ceased
on
date
Redemption will be made
called.
000,000
(which
beer
calities
the
to
law
tax
allow
to
and
other
in
used
the
conduct
of
3—Increase the State appropri¬
ations for support of public free
schools
to
eration
this
Canada
an
5—Repeal
licenses
State
or
business and professions so the
lo¬
license
taxes
such
on
sub¬
jects to the extent of such State
taxes.
;
*
6—Amend
the
in order
tax
receive
towns
law
now
the
that the
the law in such
cities
and
a way as
the tax.
>
7—Substantially
local license tax
the
increase
now
allowed
by
Section 229 of the State Tax Code
certificates.
deposit
Dated Oct. 2, 1945.
ities
Dated Oct. 9, 1945. Due
only in their ideas
organizational set-up
of such an agency should be con¬
stituted,
the "Times" reported,
Canada
Do¬
call
may
and continued:
for
on
The
1967.
bonds
callable
are
date
interest
days' notice.
any
at -104
on
geon General of the Navy. Scien¬
tists and educators, as reported by
60
on
Dr./Homer W. Smith of New York
University, supported control by
a board of nine highly qualified
members. A compromise plan was
ONTARIO
Burlington, Ont.
issue
Sold—An
Bonds
bonds
amounting to
of town
$70,000
presented by Dr. David D. Rutstein,
Deputy j Health
Commis¬
sioner of New York City.
was
awarded
recently to F. L. Craig
& Co., of Montreal, as 3*/4S, at a
price of 100.50, a basis of about
These
3.20%.
15
receipts of public utility com¬
panies.
bonds
are
due
developed
to deal
with a threatened epidemic of in¬
fantile
paralysis,
Dr.
Rutstein
recommended a parallel organiza¬
tion plan, under which the agency
Based
Darden
told
years.
league that the localities could not
expect to get much added finan¬
cial assistance from the State.
Far
from
helping the localities by sur¬
rendering tax sources, he said, the
State
must
itself
increase
QUEBEC
the
taxes
Hull, Quebec
Bonds
ronto,
if it is to maintain "a high stand¬
ard of service during the postwar
years."
Securities
3s,
as
basis
a
of
at
3.24%.
tor
of
consent
the
councils, one scientific, the other
administrative.
These
not
;;
first would be
The
1, 1946 to
1964.
Catholic
Oroville,
Wash.
empowered
only to advise the director on
with his
held
2s,
at
a
100.33.
consent to appoint
have
price of
18,
bonds
scientific sub-
Councils on particular
problems, but also to act as a sci¬
entific court of appeals with the
advisory
,
election
June
Com.,
Quebec
revenue
on
Sch.
Bonds Sold—An issue of school
amounting to $200,000 was
Oct. 4 by a syndi¬ right of final appeal to the Presi¬
the Royal Bank of dent, in the event of a major dis¬
Canada, of Montreal, as 3s, at a agreement with the director, on
orice of 98.19, a basis of about its own behalf or that of an in¬
3.13%.
These bonds are due on dividual research worker.
* r
Oct. 1, 1946 to 1975.
Of the two advisory groups, alt
purchased
on
cate headed by
Fund
Campaign of Jewish
Philanthropies of New York
Federation
dealers in securities in this State.
of
Jewish
of
consist
should
Philan¬
Fifteen Year 4 54% Sinking Fund Convertible Debentures
,
Price
J**
'
'
'Due October 15, I960 ~
and the administrative
This
will be used for
"censed
or
Alex. Brown & Sons
2, 1945
be obtained from only such of the undersigned
or dealers in securities in this State,
tqgistered brokers
Reynolds & Co.
November
may
ment,
con¬
dustry,
Baker, Weeks & Harden
The Ohio Company
Wrightson in
Banking Post
scientific,
The
other
consists of 165 industrial,
professional, and business group¬
ings, each with;;its own tradewide
chairman
and
committee.
Foundation such as
of the Govern¬
universities, science, in*
labor and the public.
representatives
and social
$9,000,000
will go to meet current operating
expenses of Federation's 116 affil¬
iated hospitals and social service
agencies, which annually serve
more than 300,000 people.
Some
10,000 men and women will serve
as
volunteer campaign ; workers,
with a large number coming from
Federation's
Trades ~ Division,
medical,
of groups con¬
administrative as¬
pects of the
facilities, and for the furtherance
of
Copies of the Prospectus
new
council of
"representatives
cerned with the
struction, expansion, and modern¬
ization
of
health
and
welfare
103%% and accrued interest
societies,"
scientific
recognized
heeds,
according to an
announcement by Maurice Wertheim, investment banker, who is
serving as campaign Chairman.
Of the campaign goal, $21,000,000
is being sought for Federation's
first building fund in 25 years.
research.
„,tu ar$
council
"recognized
States to meet local medical and
Noma Electric Corporation
-
Dr. Rut¬
scientific
the
said
stein
welfare
'
would be
members of which
Presidential appointees,
thropies of New York has em¬ leaders in various scientific dis¬
barked on a $30,000,000 fund-rais¬
ciplines nominations for which
ing campaign, the greatest drive
appointments may fee made by
ever
conducted
in
the
United
$2,000,000
"
Senate.
advisory
the
two
be
would
There
direc¬
President
the
all scientific matters and
Sold—-The $13,000 water
bonds authorized at the
as
by
appointed
with
^
sold
the program
would be administered by a
city
by the Do¬
Corp., of To¬
price of 97.78,
bonds are due on Nov.
WASHINGTON
been
a
about
Sherbrooke
Bonds
of
to $330,500 was
recently
purchased
minion
issue
Sold—An
bonds amounting
on
in New York City last year
in
on
Governor
;
Straight line administration by
a director was advocated by Vice
Admiral Ross T. Mclntire, Sur¬
Jan. 15, 1946, the
$55,000,000 3% bonds, maturing in
payment
differed
men
of how the
1946.
of
These
"Times" stated.
York
New
April
Canada (Dominion of)
Bond Call Probable—The
minion
medical author¬
Oct. 23 that the measure
desirable but neces¬
Washington dispatch to the
sary, a
certificates.
deposit
130,000;000
on
not only
was
On October 8
9,
told by seven
was
Due April
2, 1946.
amend
to allow
municipalities with branch banks
to secure their proportionate share
The
joint
Senate
committee
hearing testimony on the proposal
to establish a Federally supported
National
Research
Foundation
On October 1
$150,000,000
the
tax
same
receive,
bank
on
New Issue
Dated October 15, 1945
of
backlog
Research Foundation
follow¬
Sold—The
Certificates
on
calities may increase their present
ts neither an
offer to sell, nor a solicitation of offers to buy, any of these securities.
offering is made only by the Prospectus. This is published on behalf of
only those of the undersigned who are licensed or registered
brokers
har¬
and
institutions
New Outline for
ing
certificates
amounting
to
$280,000,000, were sold recently to
the chartered banks, at 0.75%:
towns.
announcement
The
house
to
affiliated
its
tremendous
(Dominion of)
the
This
seeks
in
ness
CANADA
amount
approxi¬
mating the cost of instruction.
4—Increase,
substantially
the
State allowance for primary high¬
way mileage through cities
and
of
re¬
construction in
progress."
certain
automobiles
includes
will
major
any
new
or
present network of
agencies. During that period, and*
especially during the recent years,
great advances have been made in
medicine and social work.
Now,
in this first post-war effort, Fed¬
Treasurer's office, on
presentation of said bonds with
coupons attached.
lo¬
tangible
property, other than inventories,
now classified as "capital."
(This
stock
undertaken
and'
2—Alter
local
•
,
"It has been 25 years since, we
have
the City
$4,300,000)
to
counties,
towns, as the State
liquor monopoly profits are now
cities
the $21,-;
He de¬
fund.
building
clared:
major*
the
be
Federation's
optional
date.
would
modeling
business.)
The Connecticut law states that
by enlarging its property owner¬
ship or its activities, withdraw
from the reach of the Federal tax¬
power
which are
Michi¬
the
"2, To what extent may a State,
ing
and
redevelopment of blighted
from a like
constitutionally
>
-.
'
Illinois
State, provided it is acquired as a
clearance, and also
authorizes
municipalities,
cities
and villages to acquire by pur¬
chase, condemnation or otherwise,
any real
property necessary for
terest
bonds N'os.
1,
District No. 2, bond No. 35.
bonds
aged
totals
re¬
result of slum
other source, so
long as the tax does not discrim¬
inate against the State, or so long
as the tax is not laid on the in¬
a
which
in
building, loan and homestead as¬
sociations to purchase land in the
from them or any
lo¬
No.
the
care,
fields to be benefited by
:
189.:
hos-~
and
-"f
•
District
to
at
from
revenue
things
Illinois
tionally include for taxation in
a generally applicable taxing act
any State property or activity or
the income derived by the State
the
to
sources
1—Distribution of two-thirds of
California passed a law which
provides for assistance to private
and public enterprise in rehabili¬
tating and redeveloping blighted
areas.
The act provides for cre¬
ation of redevelopment agencies
to carry out the projects.
on
4V "1.
revenue
calities, calls for:
gan.
themselves in their
oral argument to
address
to
States
Connecticut,
requested
other respect, are
any
bonds:
that medical and
psychiatry, child caret
youth welfare, and care oft
pital
distributed.
four
sponsibility is shared for urban
redevelopment under terms of re¬
cent
legislation are:
California,
reargument counsel, with¬
out restricting their argument in
-
adopted,
might force
Virginia to levy new taxes be¬
cause of transfer of some present
the
The
"On
1, the following City street drain,
bituminous surfacing district
program,
if
consin.
However, the
:
are:
The
sources.
.j
.
and
State's local units with additional
Florida, Illinois, Indiana, Mary¬
land,
Massachusetts,
Michigan,
Minnesota,
New
York,
Ohio,
Pennsylvania, Tennessee and Wis¬
Court recently is¬
sued an order of the utmost sig¬
nificance, as follows:
"
League of Virginia Municipalities
has approved a proposed legisla¬
tive
program
to
provide
the
California, Colorado, Connecticut,
•
Additional
Approves
theim said
,
Surfacing Dists.
(P. O. Rawlins), Wyo.
Bonds Called—The City Treas¬
urer called for payment on Oct.
Virginia (State of)
League
Outlining the campaign, Mr. Wer-
Rawlins Street Drain and
Bituminous
VIRGINIA
enterprise by
private
to
States,
three
Supreme
Court.
involves the review of a
decision by
County,„
carry
urban
vise
States
United
Jefferson
out or super¬
redevelopment
was
to
Power
"WYOMING
ishing slums and providing lowhousing in Birmingham and
tent
'
and
Units—State
-
Monday, November 5, 1945
CHRONICLE
O'Conor
Governor
on
Oct.
7
Frank W.
the
of
more
'
to
Savings
the
Bank
of
Banking Board4
Maryland for a six-year term.
Annapolis
which
of
Wrightson, President of
Provident
Baltimore
announced
appointment
the
advices to the
"Sun"
added
that
Balti¬
Mr.
Wrightson succe'eds James D. Gar-
rett,tfwhose term expired.;
@FedFRASER