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BUS. ADM.
.
.
MONDAY
V»'
'«*
:•,V-2i'1'! i*?i*
j'
$GT'"iV- "i''-
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it
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,
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,
Reg. U. S. Pat. Office
Volume
Number
162
4425
N ew
York, *N. Yv, Monday, October I £ 1945
Price 60 Cents
Copy
a
General Corporation and Investment News
RAILROAD'
.Adam Hat
The
PUBLIC UTILITY
-
Stores, Inc.—Registrar, Etc. Appointed—*
National
City Bank of New
York
has
(after
shares
750,000
of
August—-
:
1944
$1,833,248
$1,922,566
$1,855,960
394,231
6&7.441
1,005,143
110,956
ld\833
fFrom January 1—
vJJ 'C.
from railway.,-14,266,404
from railway..^r._
,
5,100,910
'
14,935,336
ji
payable,- $481,609;
$2,967,380;
'
salaries
and
commissions,?
6,059,319
7,548,495
1,126,796
1,326,270
income.._
oper.
.
In
" ;
•
w
/;
Deprec.
Prov.
and
1945—Month—1944
$2,783,059
1,251,434
for
&&<;
f 'V • v A
I ->V,
Gross
Interest,
Net
V'*'.. /
deducts..
etc.,
8,784,770
189,082
..^Balarice'-wiv—
3,070,712
3,192,516
$310,909
Allegheny Ludlum Steel
$3,884,916
2,268,936
2,268,986
$121,827
$1,615,930
With
I
the
new
facilities,
'"t
'
enlarged
an
fiZ'i I
„"•'?}
and
.
intensified
J\"..
program
t :
,
;
-
;
of
fundamental and applied research will be
brought to bear on the highly
stainless, magnetic, yalve, tool, and other complex steels
specialized
The
been
announced
W.
King,
Executive
as
Assistant,
by Hiland G. Batcheller, President.
•
/•
Mr.
has
Income Account for
1945
sales
Cost
of
sales
3,391,277
Ended
June
$9,146,904 $12,276,070
3,345,127
3,706,373
763,829
883,829
749,543
$5,037,947
$7,685,869
Foreign
is
93,426
106.156
7,562
47,751
Total profit
Depreciation
$3,131,707
$4,931,790
$7,693,431
Net
Shs.
55,000
Exchange
Dividend
per
♦Includes
-
excess
profits
,.T—
.
refund
of
$1,541,796
$2,028,446
$528,329)
80O?589
800,589
800,675
800,591
$2.53
for
taxes.
excess
.
$1.92
/flncludes
profits
"
$5,283,295 (less post-war
{Includes $997,312 excess
proms taxes.
taxes (less post-war crfedlf of $52,730).
§Includes $1,220,793
profits tax.
! '
.Note—The company in the year ended
Jund^O, 1944 also had a nonoperating profit of $12,028,382.
;
excess
.
Consolidated
(Incl.
.Assets—Cash,
$2,477,343;
notes and accounts
Balance
wholly
U.
receivable
Sheet, June 30,
1945
ownet^subsidiaries)
for bad
reserve
$1,716,354;
debts of $432 473)
inventories, $6,229,352; post-war refund of excess
profits
taxes, $857,286; prepaid insurance, etc.,$201,710; plant and equipment i
municipal department
{
/
The
National
Chase
of
registrar
p. 1273.
Bank
the
V.
162,
Telephone:
HAnover 2-2600
"
v-UjC'
raHwayC___,
the
Alton
1945, was
Gulf, Mobile
of
tion
Alton
The
for
were
y-r
no
No
„
Surplus
accumulations
dividends
Burlington
&
have'
Date
1944
1943^'
1942
$3,341,097
$3,291,750
$2,928,105
'"1,038,484
1,488,462
1,322,228
UV; 44,695
219,000
'265,172
626,307
25,434.180
25,244,176
24,944,076
19,352,672
•,
railway
income___'
8,034,826
V
8,430,691
10,482,578
3,181,520 >2,643,107:
2,910,171
'
6,711,836
2,774,483
.
97J."
p.
(&
Subs.)—Earnings-
1945—Month—1944
t
$5,339,299
income
:
1945—7 Mos.—1944 '
J
$3,511,736 $27,107,674 $20,302,908*
652,703
3,304,058
2,817,739
992,992
share
per
RR.
-V
v
to
of
been
Quincy
572,050
$2.56
Experimental
;>
taxes.
tBased
Transcontinental
on
1,290,568
Flights
$2.18
shares^
Successfully
-5
The corporation hajai announced/tjie'successful
completion of 35 ex- perimental. transcontinental flights with Consolidated Vultee Aircraft
Corp.'s Model-39 transport airplane.- The
huge/airfreighter, which car-'
ries a gross load of
18,500 pounds, has been i/sed in a cooperative air
1549
cargo
1551
research
C'J
program.
.The experimental
to Consolidated
flights
—r
-Z'A i,T
».
C'
u
Z
complete^the Mpdel-39'has been returned
VUltee.-^V.'162,TCl33•.
U
x f i"
v"-w
i.
Y*
J
r
American Bantam Car Co.—Two New
Directors Elect-**
'
-
-
ed—Sales Show Gain—Post-war Plans—
"
,;..v.,.;
."v-v
■
,,
At a meeting of the
directors/held on
Vice-President of General Motors
Corp.,
1550
I550
President of
>y<\.
V-'
■
Sept-. 24,~James D. Mooney,
and Jerome P. Bowes, Jr.,
Bowes &
four
years
It
4%
of
the
Appointed—
City
cumulative
of
York
New
RR.
its
and
been
ap¬
$100 par.—
.v:*
the
plan of reorganiza¬
a
Kansas
City,
St.
Louis &
second
a
unnecessary
the
plan
Baltimore
&
$16,685,966
He
the
the
was
originally responsible for the
direction
world.
that
,v
>
the
of
'
;
;
Overseas
,
>
,
during the fiscal
the
previous
year.
.,r*
*./
/
,
was
v
approved, the Alton lines will be separated from
Ohio; the properties of the Alton company will be
acquired by the Gulf, Mobile & Ohio RR.; and the latter will assume
the obligations of the leases, modified in the case of the Kansas City
The reorganization and unification will result in a system
of railroads extending from
the Gulf of Mexico to the Great Lakes
company.
to
be
excessive.
,
f
production
INDUSTRLAI^|;|j|||i
.
•
X
'
*
"
INCORPORATED
-
■
J
'
compared with
! •;
V.
*:«The fore-V
Profits Control
Act
Jfifeuibert New York Security Dealert' Association
.
s
'
45 NASSAU
STREET, NEW
YORK 5
Telephone
Philadelphia Telephone
REctor 3-3600
Enterprise 0015
'
■
;
Bell Teletype
New York 1-570
pro¬
of
any
"
-
1944
fiscal
$640,645
tracts,/
X
year
for
net
profit
reconversion
amounted
expense
to
and
$627,922
cost
after
adjustments
provision
on
war
.Post-war
activities
will
be
devoted
the
to
manufacture
of
trailers,
of
types
for
half-ton,
The
the
-
heavy
the company having produced over 100,000 trailers
the armed forces.
In addition to their
regular line
heavy cargo trailers, production lines are being readied for the
all
of
con¬
r
one
American
Army-Navy
material.—V.
and
two-ton
Bantam Car
trailers for
export.
Company recently won for the third time
achievement in the production of war
"E" ;for.'high
162, p. 129.
T'--
—
;
"
INVESTMENT FUND
H
.
W.
'
V
of
of
output"
ON
REQUEST
"f
;
•
Renegotiation proceedings on previous years have been finalized andprofits deemed excessive in those years have been refunded.
In
the
PROSPECTUS
Kobbe, GearHart & Company
;
of>
;
$778,293.
DIVERSIFIED
RAILS -ft
of
.j,
.
ended June 30,
as
Vs.
or-/
Operations
»,*.'•
.
the
$20,058,734,
for
-
yoar
solely, to
;;The net profit for the year after all taxes
going is subject to the provisions of the War
cargo
petition was filed, for the letter's reorganization.
Under
for
company devoted
its facilities
materials.
Sales for the year were
profits found
-
The Commission refused approval of a plan of reorgani¬
lessor, The Louisiana & Missouri River RR. and
to approve or refuse the approval of a plan of
reorganization for a third lessor, The Joliet & Chicago RR., as no
for
it
service;
around
viding for renegotiation and recapture by the U. S. Government
i9 approved
lessor,
of
later
further announced
was
war
has
stock,
preferred
and
Motors
1945, .the
Chicago RR.
zation
found
NEW YORK 4, N. T.
NY 1-573
the",
\
,
.
System
report dated Sept.
a
C
Bett Teletype:
in
$28,442,475,
$2,888,157
Completed-^-,
1567
1550
Railroad—Reorganization—
The-ICC in
r-
•
the-
••.
stock
common
amount
$30,477,337.
stock.
1945.
'••
American Airlines, Inc.
1550
y
.
Company
&
Established 1922
SO BROAD STREET
putting
1,
the
ELECTRONICS
Municipal Bondir^
bitien
in
There
preferred
iAlter bhairgesnind Federal.
_
including
$7,608,328.
the
oper.
{Earned
Payable t
Allied Stores Corp.—Registrar
-
■"
of
on
period End, July 31—
Gross income
1531
—
FLORIDA & NEW JERSEY
7-.r.;"
ry.
ganization
specialist in
I
amount
rail way
from
Net
General
the
Governhi'ent securities, $12,283,119; ^
8.
(after
of
Co., Inc., and Vice-President of W. A. Alexander
& Co., of
Chicago, 111;, were elected directors._ Mr. Mconey was re-t
cently released to inactive duty as a Captain* in the/United States
Navy ;
$2.00
i
that
Company
$67,185,703,
was
the common stock.
The Chicago,
largest stockholder of record, ' -
Net
806,474
;
to
$1,417,656.
the
from
after
$1,602,629
2,802,061
1944,
dividends
—y. 162,
1550
Reserve
31,
Jtypm Jan. V— ',.
1531
Rates
Sales
Auction
pointed
$1.51
•
in
Jan.
of
•r
♦3,107,618
800.589
,
share
of
as
sinking fund in the amount of $1,020,375.
capitalization and charges are as follows: "■■■'
"
the Gulf, Mobile and Ohio Railroad
new
Gross from tailway*
71,271
f5,§09,984
1,601,178
^
paid
Earnings
Federal
holders
including
the
August?*,' %
■
;
i.—$1,210,667
stk., outstand*
cooperate
lessors
on
the
1531
__
__
charges
in
Net
Condition Statement of Member Banks of
j
141,000
profit
cap.
£3,389,994
for
....
ing tno par).*.—
will
-
and
The capitalization to be added
Grossh from
442,546
exchange
contingencies
it
,,"y'r
Net £y. oper; income-.__
$5,365,065
§1;921,041
that
Alton
Earnings for August and Year
: '
1548
-
Reserve Banks
i
reserve
stated
the
of $8,265,891, preferred
stock
long-term debt in the amount of
pand
1543
Combined Condition Statement of Federal
$5,317,314
and
Has
capitalization
Dec.
wa3
1560
3,311,206
689,388
Provision for taxes
Ohio
capitalization of
unpaid
1505
Dividends Declared and
for
the approval of which is urged by all
proceeding who have taken a position in the
matter,,
the committee and the Gulf, Mobile & Ohio RR.
The
.
1543
_ _—_
; Notices
.!
^ The Course of Bank
Clearings
$9,378,063
$3,225,133
Interest
committee
the amount of
$1,448,034, contingent charges in the amount of $301,290,
preferred stock dividends in the amount of
1542
i.:
>«-
State and City Bond Offerings and Sales
,".'1942
expenses
Additions to
Gibbons
and
Miscellaneous Features
30
1943
profit from oper.
Miscellaneous income
Net
the
by
Additionally, the New Orleans, Great Northern Railway, lessor, had
outstanding in the hands of the public $35,700 of capital stock
and ;
$5,259,000 of long-term debt..-"i:\ 5-''•='
r.'-V-v. "■
Vf
~,r
:v
Fixed charges of the Gulf, Mobile and Ohio RR.. in 1944 were in f
1542
Municipal Issues Sold in August
Redemption Calls and Sinking Fund
1944
$7,305,799
expenses
Administrative
by
&
presented
amount
1541
i
General Corporation and Investment News
$55,318,110 $58,905,660 $63,970,160 $49,603,421
48,012,311
49,758,755
51,694,090
40,225,358
Gross prof, from oper.
Selling
Years
the
as
plan
plan into effect.
♦Net
Allied Mills, Inc.—Annual
Report—
Net
to
Baltimore
and
f'v-';.-
1161r>
Consolidated
!
—
Stock and Bond Averages
King comeg jko this corporation after more than four years' serv¬
ice with the Steel Division of thef
War Production Beard, Washington,
where he served
continuously as Special Assistant, to each of the seven
successive directors of that Division.
While in Washington, Mr. King
was on detached service
with the Bethlehem Steel Co., Bethlehem, Pa.
-^V. 162. p.
.
,
Chicago & Alton bonds,
well
on
1521
1541
_
Clark
of
Page
1„_
Over- the - Counter Markets.
Transactions New York Stock Exchange
Transactions New York Curb Exchange
^fficial Appointed—
appointment
.
the
parties
as
Details of
Los Angeles Stock Exchange
1543
Philadelphia Stock Exchange
__T
1544
Pittsburgh Stock Exchange
^*' 1544
St. Louis Stock Exchange.
_^;__^__^j*.i.i:^^_^:<1544r'
Toronto Stock Exchange
t544
Toronto Stock Exchange—Curb Section__,
15^6
Montreal Stock Exchange
1546
Montreal Curb Exchange
_J___ 1547
produced by the company.
1 New
Exchange.^.
Cleveland StocktExchange
Detroit Stock Exchange
-
"„1
Curb
—
$1,881,064
Co^—Expansion.Program-?**
'
•»_____
Chicago Stock Exchange
Cincinnati Stock Exchange
Un official announcement says>-%
The corporation has placed fif-stVon its peacetime expansion program
the immediate erection of an ultra-modern $2,000,000 Research Labora¬
tory and Experimental Center at its "headquarters plant, Bracken'
r*
amended
The
1536
York
Boston Stock Exchange
;
ridge, Pa.
enjoyed
_
of
tingent
.
1532
Baltimore Stock Exchange
$4,150,050
189.082
$61,006
.
New
$7,342,567
.
y-.*
New YorkT Stock Exchange (Bonds)
r
8,762,977
$6,955,629
260,999 '
$250,088
stock_~_;
pfd.
on
677,541
$571,908
255,624
■_
——
Issue
New York Stock Exchange <Stocks)
:
.
$505,712
income
iMvs..
;
_____
income
This
:
$2,723,773 $32,724,097 $31,705,713
1,200,724
13,593,772
12,348,969
273,600
3,389,926
" 3,251,200
696,300
taxes
a
-
the
as
Stock and .Bond Quotations
1945—12 Mos.—1944
329,611
y
amort._1_
J
as a result of the
reorganization and unification is $40,895,537,
exclusive of securities that may be issued after Jan.
1, 1945, to finance
a
program of rehabilitation for the Alton.
Fixed charges of the Alton
in
1944 were
in
the
amount
of, $1,931,698.
Fixed charges on
the
securities and leases to be issued or assumed
by the Gulf, Mobile &
Ohio are in the amount of
$328,807 (as of Jan. 1, 1945), and con-'
'&}:};?
:''' r.yvi-.j-;
o
Alabama Power Co.—Earnings—
revenue
.
Operating expenses
on
those
& Ohio
12,214,099
5C910.147
1,819,417*
1,326,665
Z
ySross
large volume of traffic potential maximum hauls in
by either of the two systems as presently"
»> /
„*
'
'
J
The plan of reorganization and unification is
substantially the samo
of
$89,355,351.
v162, p. 977.
Period End. Aug. 31—
enjoying
excess
operated.
The
156,778
MISCELLANEOUS
-
and
total,
;
15,369,449
ry.
.
$3,340,653),
,i
I
x
,
287,788
Net
,
of
955,668
from
Gross
.
depreciation
INSURANCE
-
$125,830; State and local taxes, $102,026; social
security taxes, $37,638;
provision for Federal capital stock taxes, $62,375; provision for Federal !
income and excess profits taxes, est.
(after crediting U. S. Treasury;;
notes, tax series A and C of $1,963,800),
$164,437; reserves for contin¬
gencies, insurance, etc., $307,024; common stock (800,589 shares, no
par value), $4,864,581; surplus, $20,597,026; total,
$26,732,545.—V. 161,■>
p. 562." v:
1942
1943
r'
,
$1,483,357
frpm railway.—i
railway.—
ry. oper. incomo
for
■
/
.■,
liabilities—-Accounts.'
$1
1945
*
Gross
Net
of
Southern RB.-^-Earriings—
1 Alabama Great
Net
stock
common
reserve
$26,332,545.
been
appointed Registrar
par value.
.The Manufacturers Trust Co., New York, has been appointed transfer
agent for the common and preferred stock!.—V. 162, p. 977. .,
;/
for
INDUSTRIAL
-
LONG
and
COMPANY
INCORPORATED
634 SO. SPRING ST.
LOS ANGELES
14
*
——
American Agricultural
—Annual Report—
—*34
Wat
safe,"""
sales—r
o,
0f
,«
Cost
|
t34,9o"559
for
Prov.
receivables
ful
'
tlons
7,688,690
$1,140,181
$1,707,362
435,369
531,984
646,743
$704,812
$1,173,378
$1,388,705
•
; 4,489
45,293
other
$3,499,185
#
87,750
excess
before prov.
contingencies
profit
*4,891498
Earned
$4,695,418
Other
*2,880,009
...
jv
for
L255.938
X $2.77
$2.90
* -
:
300,000
Divs.
——-
469,903
329,711
$628,78)7
$414,853
$686,286
$840,269
$628,797
$414,853 "
$686,286
$625,475
-1,683.141
1,301.222
In
,
.
shs.
Earns,
5.170,483
313,000
1,474,115
379,209
1,427,199
546,124
5,083,172
4,851,314
1,354,628
725,453
1,399;572
1
1
1
——
(net)
machinery <fc equipment
rock deposits (net)—
Purch. money obiig. & sundry investments
Prop, not required for oper. purposes
Goodwill, brands «te trademarks——
1944
4,494,861
542,000
Phosphate
-
(net)
^
"
•
1
'
•
$1,327,629
——
Reserves
for
*—
stock
surplus
Earned
surplus
301,674
C.
162.
Manager
Baselt,
vi
p.'
777.
'
584,505
8,372,920
5,134,938
4,732,588
$30,654,070 $29,273,252
,
Corp.—Earnings—
,
share, respectively, with a
each case.—V. 162, p. 1162.
......
Year End,
and
American Gas & Electric Ce.
Operating
$2,762,408; total, $3,283,303,
in 1945 of additional excess
entitled to a
result of the payment
a
1943 the companies are
'■te* $
■
Fed.
$
v"::'...
9,645,613 122,941,401
of
Oct.
on
1,127,027
1,191,227
14,115,525
657,485
647,450
8,104,551
of
14,030,028
720,090
12,329,188
23
10,580,936
I
of
in
the preferred
26,892.377
342,198
2,069,963
24,970
28,816
:
Gross
2,161.466
acquis.
elec.
602,783
debt
funded
of
2,098,778
581,712
income
on
Amort,
27,234.575
7,129,488
4,352
24,940-
adjustments-
interest & deduct.
8,116
172,616
Divs.
281,118
300,622
pfd. stocks-
on
Divs.
on
stocks
32.520,644
12,707,027
Federal
,
'62,03*
Other
j
taxes
1.057,142
deple.
3,809,953
Other
986,443
13.479,101
12,475,968
10,035,175
10,227,378
Int.
of
consol—
subs.
1,057,142
*33,871
3,433,926
income
net
above)
Inc.
subs,
(as
.1,057,142
*33,871
on
com.
stocks
on
pfd.
stocks
Interest
•
bonds
on
advances
1,020,315
8,173
61,729
Int.
&
,
Divs.
&
misc.
Federal
i
on
-Balance
pfd.
1,090,235
.••'iVi
167,254
to
45,175
14,433,751
25,338
85,898
'1,025,042
25,627
630,069
140,767
1,689,209
31,196
13,859,^74
324,921
83,442
X
of
(net)
plant
883,070
978.
18,072,112
286,071
Net
i
^
:
5.380,387
22.585,725
1,392.422,
1,536.387
"
3,439,422*
-
3,844,000
16,792,339
5J93>386
to
equity
of
24,542
9,596
1,689,209 i
Other
income
Total
5;
f
16,767,797
10,764,509
Dodge
49,710 :
388,230
17,437,030
83,732
579,527
2,240,326
2,403,393
87.844
255.933
357,319
3,133,011
14,180,057
14,275,580
130.796
and
u—L
other
deducts.
557,833
taxes—
Balance,
surplus
■
40,376
10,173,614
s
2.814,395
:
.
■
400.738
5,950,000
Marks
M.
Co
Inc.
F.
Paine.
R.
1,830.000
First
Corp.
Michigan
Trust
Lincoln,
Cor
W.
Scott
Chas.
685,000
&
William
R.
Hamlin
Stone
230,000
J.
J.
F.
B.
W.
E.
&
Vietor,
275,000
Webster
Son_
Hutton
& Co._
Peabody &
Co.
The
140,000
460,000
Co7-
Dean
278,090
460,000
5,950,000
Dann
; -
230.000'
&
Co
Gibson
915,000
230,000»
& Co., Inc.—915,000
Weld & Co
3,660,000
Whiting, Weeks &
Stubbs
———.4—
915.00®
915,000
Johnston, Lemon &
Joseph & Co.k Inc
Kalman & Co., Inc
185,000:
140,000'
Corp._ 5,950,000-
White,
4,570,0C0
—
275,000=
915,000;
—___
Walker &
H.
230,000!
Weeden
Weeks— 2,745,000
460,000
Co
Johnson, Lane, Space &
Kidder,
Inc
Common,
G.
&
Inc,
Co.,
5,950,000'
5,950,000-
Co.
185,000
185,000
The Illinois Co
Co.
Inc.
Securities
Union
Co._
Hutton
3
Collirts & Co.—
Co.—r
Milliard &
&
&
Trubee,
&
•
230,000
&
1—
and
Sullivan & Co
2,745,000
Hornblower
E.
Co.—
Webster
&
StroUd
5,950,000
915,000
Hayden, Miller & Co,—.
Hemphill, Noyes & Co._ 2,745,000
&
Staats
Maynard
Blodget,
Harris, Hall & Co.
Herrman
275,000
&
& Co._
Co.
Harriman Ripley & Co.,
Richards
Scranton
460,000-
460,000'
Slillman,
HiB
Co. 2,745,000
Gardner—
Smith. Barney & Co
230.000
•Inc..:«——
95,000
i
Agnew
915,000
Nolan. Inc
Goldman, Sachs & Co.. 5,950.000
460.000
Goodbody & Co._"__
f,
Lunt
460,000!
Wins-
Stringfellow
W.
Shuman,
Folger.
&
4,570,000;
—
&
Co.
of
Neb.
140,000'
Jackson
Pressprich &
&
230,000
Co
185,000
Co
Co
&
Reinholdt
Clark & Co
275,000
The First Boston Corp.- 5,950,000
4,570,000
&
Co
&
Curtis
&
915,000140,000!
915,000!
&
Perrin,
West
low. Inc.
275,000
Co
Murch
Webber,
Parrish
2,745,000
Fahey,
California
H.
—
Paine-Rice
915,000
of
Moseley &
S.
Co.
Securities
First
Co.,
George
Neuhaus
Co.
&
230.000
&
Maynard
230,000
&
685,000
Mericka
Merrill, Turben & Co.—
&
—
275,000
Weir,
IJ.
Miller
185,000
Co
Young,
Inc.
685,000
&
275,000^
Masten & Co
Wm.
1 230,000
L.
140,000.
460,000
&
915,000
E,
McLeod,
95.000
5,950,000
4,570,000
Co.
460,000
Smith
Elkins, Morris & Co.
152,328
17,156,027
479,711
Laurence
1,830,000
685,000
Corp.
*
3,884,114
Co—
c«;
Brothers-
Lehman
200,000
Co.„
& Co
Bennett,
Dominion
11^284,702
106,412
275,000)
Freres
Higginson Corp
MacColl, Fraser & Co.Mackubin, Legg & Co.—
Dillon, Read & Co., Inc. 5,950,000
17,284,702
16,767,797
$230,000.
Co
&
Lazard
&
Pancoast
47,600
3,834,404
3,543,400
—
Expenses
Income
812,604
Carroll &
B.
Day & Co
Dewar, Robertson
6.6&1.21&.
3.834,404
3,436,988
3,436,988
Co
Mason-Hagan, Inc.
Henry
(as above)—.
Kidder &
M.
Laird
SonsJ—
R.
■
655,457
&
Davenport & Co.___
com-
pany^ in inc. of«subs.
equity
.
principal underwriter and the
debentures underwritten are as
Lee
230,000
Julien Collins & Co.
•
17,332,302
American Power & Light Co.—
Net
915,000
460,000
(Inc.)
2,434
.
•
A.
mi¬
interests
the
230,000
Inc._
—
Brown
Clark,
24,013,518
V."
be
to
.
Brothers
COi
John
159,926
4.831,844
each
of
185,000
Campbell,
McCarty
Co., Ihc. „;
15,886,019
950,244
286,451
of
name
amounts
—_
40,059,463
159,926
1,
are
i
Butcher & Sherrerd—
acquis,
applic.
nority
Int.
^
3,999,281
on an
and interest.
The balance
debentures will be obtained
company.
1,375,000
140,000
Brown, Lisle & Marshall
230,000
Buckley Brothers
de- '
6,572,163
the
Co
Ames & Co.,
Alex.
386,956
:
of
Allyn & Co., Inc.1,830,000
E.
&
39,672,507
533,161
41,608,081
-
-MUg
First
1,054,923
,
'■?:
for
p.
41,074,920
9,539,594
$159,298,840>
(approximately
275,000
Eichler & Co.
A. G. Becker & Co., Inc. 4,570,000
Blyth & Co., Inc.—
5,950,000
George D. B. Bonbrigfit
11,730,188
86,732
11,690,458
public, etc.',
Portion
757,636
140,767
stock
162,
•X.:3,405
26,303
stock
♦Deficit.—V.
v
10,227,378
h". 594,474
—1,321
taxes
earned
common
net
exps.,
deductions
income
C.
A.
2,248,590
742,221
,
X: 62,004
5,218
1,132,262
taxes
10,035,175
&
—
income
Total
Gen.
38,382
10,825,620
9,452,862
income
Balance
Divs.
Other
3,443,926
consol.:
Divs.
2,925,388
were
of the
sale
record distribution job
a
Bateman,
23.450,867
9„991,262
.170,069
♦pfd.. divs. to public,—
-
9,718,659
11,520,389
((net)_
Balance
—
from
2,573,770
revenues..
oper.
income
adjustments
2,248,590
Am. Gas &E!ec. Co.-—
ITndist.
^
.21,521,781
books
from the
A.
Drexel
approp—
res.
ductioris
income
net
5.531,382
2,591,613
funds
principal
Estabrook
Net
Amort,
Undistrib.
-
2>396,680
.
proceeds
net
Bache & Co.__
551,068
639,673
2,303,468
3,445,603
1,020,315
—
,
after
hour
Kingsbury & Alvis,
275,000
Kinsley & Adams
230,000.
Kirkpatrick-Pettis
Co.460.000
Kuhn, Loeb & Co.—
5,950,000
A.
34.021,293 136,673,728 140,191,218,
13,520,048
53,532,748
55,346,394
.3,322,778
taxes,,
half
a
transaction,
second
the
.Underwriters—The
Almstedt
;
1945—12 Mos.—1944
^
-
broad investment demand
a
Allison-Williams
Property retirement and
Gross
stocks—
com.
revenues
expenses
for
earned
common
7,210.556
195,381
681,534
31,962
208,438
Balance
24,749,252
plant
Reservations of net inc.
Other
Operating
'•
—
company
Iflofga'n Stanley & Co.—$5,950,000
(& Subs.)—Earnings—
'"'
within
entire
hour, considered
is
other
Crouse,
'jjjr'i! '•
has ;
f
1162.
;
Havana,
by
follows:
in a letter to stock¬
company at $11,000,000, be eliminated from the balance sheet.
addition, change from the existing no-par value, common stock with
stated value of $1 to stock of the par value of $1 a share is pro-
^
Oversubscribed—The
The
respective
the
Subsidiaries—
279,520
of
formerly
foreign and domestic
redemption on Dec. 1, 1945, at 105
required for the redemption of the 3%%
&
24,469,732
President, Etc.
Mundo"
Tobin,
for
from
stock requirements and
1945—3 Mos.—1944
"El
-
Purpose—The
the
American Power & Light Co.
the
Wilton
H.
applied toward the retirement of the company's $160,000,000 30-year
3V4% debentures, due Dec. 1, 1966, which the company intends to call
'
by the reduction
offset
of
editor
and
major refunding operation com¬
pleted this year by the company.
Last July the com¬
pany sold to the same banking group $175,000,000 35year 2%% debentures on a bid of 99.559.
vote on approving a proposal to
preferred stock from $32,460,100 to
public of. 400,000 shares of common
Operating
Interest
'
of this size.
This
out that "preferred stockholders as a clasT-will have
their stock redeemed by lot at $115 per share and accrued
posed.—V. 162. p.
10,157,578
2,136,496
!—
in*
Corp.,
books
an
issue
will
Dickerman, Chairman of the board,
C.
the
than
12,120.096
904,912
In
a
7,946,771 <
917,569
income
income
;
.
%
the company to the underwriters ahd
thence to the ultimate investor consumed a little more
release of the 25% of remaining earnings now earmarked for
the sinking fund."
v '
•
■ .
-.u ...
The board also recommends that goodwill, now carried on the books
7,830,830;
897,526
Operating
-
the SEC for permission to sell its holdings
Power Co. 555 debentures, due Dec, 1
1966'"
The First Boston Corp. is expected to arrange
formerly
debentures
points
Period End. July 31
Other
:
with
the
has been elected Vice-President - and Treas¬
The Merchandising Mart, with main offices in the Real Estate
Building,- Philadelphia, Pa., 'represents'
opened.
proposal as outlined in the letter will reduce preferred dividend
requirements by $872,207 and will eliminate the present sinking fund,
which now requires setting aside 25% of earnings after preferred divi¬
dends toward the retirement of preferred stOclc,
'
"The position of the present common stock," according to Mr. Dick¬
erman,.'"will be substantially improved over the long run without de¬
creasing its share in the future prosperity of the company.
The fact
that additional shares of common stock will be outstanding is more
by
117,119,966
40,564,930
8,677,485
taxes
'
interest and met with such
Co.—Hearing—
sounder holding."
than
$
$
42,241,339
profits tax—
exc.
Other
',
-
that Morgan Stanley & Co., as syndicate managers, were ;
in a position to announce oversubscription and closing
■
the present outstanding 7%
38Mt%
1945—12 Mos.—1944
699,461
taxes-
income
and
$160,000,000
announced
Sept. 24 that it had accepted a bid at 99.8199% for the
purchase of $160,000,000 30-year 2%% debentures, due
Oct. 1, 1975.
The successful bider was Morgan, Stanley
& Co., representing a group of 100 purchasers.
On the
basis of this price the interest cost to the company will
be approximately 2.76% to maturity of the debentures.
A second bid of 99.6811% was offered by a group headed
by Mellon Securities Corp. and Halsey, Stuart & Co., Inc.
The bonds were reoffered. the same day (the issue
having received the approval of the SEC) at 100% and
Retire Part of
Issue Through Sale of 400,000 Shares of Com¬
stockholders
William
(& Subs.)—Earnings—
3,412,511
Depreciation
Federal
hearing
a
private^
at
American Telephone & Telegraph Co.
hearing
$20,000,000 through the sale to the
stock. V
!
holders
Subscribe—
765,423
—
without
V-
made
asked
President,
Debentures
profits
refund
dividends," while 61%% of the preferred stock remains "as a stronger
10.067.433
3,565,908
revenue
has
Orley,
manufacturers.
2213.
p.
Stock—
The
commission of $1 a
1945—Month—1944
Operation
Maintenance
subjects."
Aviation
Trust
of $40,316),
for discounts
taxes,
State
reconvened
reduce
stock of record Oct. 3, 1945, shall have the.
right to subscribe, on or before Oct.
15, 1945, at $50 per share,
for
4%%
cumulative preferred stock
($50 par) to the extent of
one share for each four shares of common stock held.—-V. 162, p. 1386.
Subs. Consolidated—
be
2016,
bonds,,
.
elected
urer,
receivable—trade
accounts
$476,258;
for 1942 and
Preferred
common
31—
should
•
E.
Bendix
30, ,1945
Balance Sheet. June
American Locomotive Co.—Proposes to
Co.—Secondary Of¬
American Colortype Co.—Rights to
Period End. July
due
series,
American Merchandise Mart, Inc.—New
The
of
6%
Proceeds
from the sale would
be used by American
to
its 6%
debentures, due 2016, or at election for the retirement
portion of-the outstanding Southwestern Power & Light Co. 695
G.
on Oct. 15 has been ordered bv the SEC on
the company, a subsidiary of the United Light &
Railways Co., after Harry B. Munsell, Vice-President ■ of the former ?
concern, had testified about the plan.
The plan calls for the sale by
United, Light & Railways of common stocks of the Detroit Edison Co.,
Michigan
Consolidated Gas Co., Milwaukee Gas Light Co.,
and
Madison (Wis.) Gas & Electric Co., which it would receive upon the
liquidation.
The proceeds would be used to reduce senior-securities.
Mr. Munseli was cross-examined by Joseph L, Weiner, counsel for
the Allied Chemical & Dye Corp.. on the plan's provision to call for a
stockholders' vote on the liquidation.
Allied Chemical holds about
234,CO0 shares of preferred and about 119.000 shares of common stock
in American Light & Traction,—V.
162, p. 665.
t
A
and
Holders
bonds,
—V.
in 1942.
earned surplus,
161.
,
„
American Cities Power & Light
'
debenture
debentures,, series A, due 2022, which have been assumed by American.
162. p.
1274.
t$1.02
$0.78
the liquidation plan of
fering—Blyth & Co., Inc., on Sept. 20 made a secondarydistribution of blocks of 2,000 shares each of $3 pre¬
ferred stock and $2.75 preferred stock, priced at 52Vz and
per
for
etc,,
mon
share in
655 '
they have been held continuously by American.
prospective purchaser in this transaction is well
such
company
sale.
a
been
American Light & Traction
insurance and post-war adjustments
6 Mos. End.
977.
of
a
—V.
J.
■
May 31,'45 Nov. 30,'44
Net profit" after all charges and taxes——$212,243
$400,016
Earnings per share on 354,538 common shares
$0.60
$1.13
162, p.
a
principal
'■
'
the
private purchaser.
retire
-
.
.
the
584,950
,
portion, $101,588, of the normal taxes and surtaxes for those
years and to a post-war refund of $3,100.
The estimated refundable
portion, $25,000; of the exceS's profits tax for 1945 has been deter- •*
mined on the basis of the Revenue Act in effect at June 30, 1945.
of
,
V'1 v>
Period
,*
accounts
and
Note—As
taxes,
Co.—Milk Container Outlook Good— y
thfe^ end •
the two
by Fred *
of the company's Atlantic division laboiatorieS.-*-^
'• ' '
- -r
'
American Central Mfg.
$0.34
984,990
payrolls, and other expenses, $270,155;
estimated Federal income and excess profits taxes (after
local
$866,457;
in production of fibrd milk containers-by
of 1946
and a possible increase of 150% in late 1947 over
billion units turned out by the industry in 1944 was predicted
Increase
gold
securities
$10,589,900 Montana
to a
.
deducting U. S. Treasury savings notes, tax series, on hand amounting
to $585,064), $42,936; 6%
cumulative convertible preferred stock (par
$50), $3,495,000; common stock (par $1), $584,950; capital surplus,
842 694 »
5,217,849
—
American Can
$0.71
$1,683,141
.
out¬
;;
these
on
The
sh. on com.
doubtful
.^reserve
4,045,731
608,107
8,372,920
:—II
•♦Segregated against reserves for
and contlngencise.—V. 162, p. 873.
A 30%
584,950
-
tha"
Plans Sale of Montana Power Bond Holdings—
243.555
•
(after reserves <
$886,899: refund
receivable of portion of prior years' Federal taxes (see note below);$101,588; inventories of hides, skins, finished and in process leather,
and supplies, $3,038,266; U. S. Treasury certificates of indebtedness,
due 1946, at cost, $600,000; miscellaneous Investments, $11,932; re¬
fundable portion of Federal excess profits taxes—estimated
(see note
below), $28,100; fixed assets (after reserve for depreciation of $1,868,827), $2,981,423; deferred charges, $58,836; to^al, $8,283,303.
Liabilities—Accounts payable
(trade creditors, etc.), $261,396; ac¬
$1,211,358
9.134.938
—
—
Total
584,95(J
$2,141,982
$2,343,310
($1 par)—
Assets—Cash,
for
••'.;
ojg'ool
Bbb.uua
—
conting
adj. &
post-war
for
profits taxes.———
insurance—
SSui
Common
•
401,881
inc. & exc.
credits
Fed.
for
$2,762,408
Consolidated
265,119
4,708,482
liabilities
Arrrued
Deferred
227.445
of
surplus
-JZ-
stk.
com.
per
crued
■
—
and $121,525
1943
$30,654,070 $29,273,252
;
Total
30
the
in
7%!i
American's
of
as
-
Mjtfiereas
tCalculated on the net
profit of $840,269, the provision for Obsolescence and possible loss on
disposal of idle properties being considered as a charge to surplus.
XAfter depreciation of $121,780 in 1945, $120,933 in 1944, $127,580 in
$7,753,777
4,099.900
1,020,000
2,426,762
5,099,900
i———
Post-war refund of excess profits taxes
♦Cash and U. S. Government securities—
Accounts^plTible
' 213,525
outstanding
now
37,497
of
sale because
this transaction- arises out of arm's-length
negotiations with non-.
affiliated
interests,
because ..participants
in
the market for public
utilities securities are totally unacquainted with the securities of New.
cum.
stock 4-—
•
.
2,138~566
——
charges
209,700
system
♦Resulting from disposals of idle properties.
Inventories
buildings,
subsidiary,
sub*
a
$1,926,697
$2,369,427
$2,556,835
stock
pref,
standing
.
securities
—
IT. 8. Treasury tax savings notes, series c
Accounts and notes receivable (net)
Deferred
the
.
formed
$2,972,108
Co.,
company
-i'
$497,000.
of
Mexico,
2.141,982
2,343,311
Service
holding
requesting approval of the transaction
20 days, American stated:
'
"Sale
surplus,
year
Electric
Southwestern Power. & Light Co.'* 655
gold debenture
series"A^jdue 3022;.::Which have been? assumed by American:
♦214.794
paid on 6%
June
No.
.
of
/
-
arid
—
prev.
Gonsol. earned
$2.87
*
Mexico
:
application for authority to
an
'Proceeds would beused as part ofthe funds td be expended'for tha
.
i*'
$1,393,194; >
282,500
credit-
earned surplus.
conv.
$1,802,101
910,440
$2,024,927
1,067,547
v
$3.22
$1,819,418
1,255,938
Government
47%
■'
■
"
23.215
tax.
inc.
earned
Total
profits tax of
—
—V.
'
il,795,000
; !'
4*':"
Consolidated Balance Sheet, June 30
Assets—1949
$9,362,165
Cash
x
Fed.
30 of
June
^4^.
-
>
share
excess
credit of $229,000.
Res.
"
25,880
profit for year—
Consol.
$2,330,000 less post-war credit of
000
tlncludes excess profits tax of $800,000 less post-war credit
ofs80%. Scludes excess profits tax of $2,290,000 less post-war
Res.
i
32,536
-585,445
charges
Extraordinary loss
*
$1 741.198
——
com.
per
•Includes
Land,
>i
$1,182,069
New
within
$3,597,101
11,700,000
and
amount
JNet profit before ex¬
10,166
$4,024,927
$2,850,000
—-—
Dividends paid
S.
6.691
,
$729,889
'
proposes
to sell at private sale its holdings of
options to purchase three shares, constituting' all
outstanding common stock of New Mexico,
and
and
retirement
traordinary
adj.
post-war
for
and
IT.
25,077.
•:
am
Dr891
Fed. income &
profits taxes—
Prov. for
•
21,883
$1,230,324
16.082
——t—
in
interests
promissory note of
•
$1,208,641
—
income
Total
Prov.
Federal taxes—
for
f-
•
s; ,'
*
■:
charges
income
Other
476,986
shares
issued
Profit before inc. and
41,221
39.834
$3,723,716
302,102
its
of
periods whether
•*,
sidiary, * and remove that company from, its
this'-; year,v;;:;. ..
- ■."■, ■
American
V
——
to respective
•
has filed with th<r8EC
company
dispose
$2,035,453
—
.Net prof,
Net
T&e
9.012,919
10,123,063 *
9,363,505
$1,685,623
Net
Prov.
;,S-
sales,,
Of
expenses
181,782
flucta-
exch.
foreign
1942
,
577,848
53,456
$4,440,143
259,275
248,820
1943
$8,828,872 $11,830,445 $11,048,373
Gross profit on sales.
Belling, gen.. & admin,
Cost
f
5.095.069
4,892,500
44,333
(net)—,
income
-W
requirements applicable
unearned.-
or
To Dispose of New* Mexico Unit—
'
57.403
44,945
$4,342,379
1944
1945
leather— $11,069,133
of
dividend
earned
Inc.")
Hide & Le&thef£a.',
^
589.74,1
677,498
profit on sales..
Misc.
$32,204,776
t «
52,596
622,143
54,242
43.187
—
of plants
Depletion of -mines
Add. to insur. reserve-
(Including American
sales
Net
$33,055,203 $30,013,059 $27,109,706/
24 921,442 22.641.313 19.632.0W
2,920,305
2,902,133
3,137^7
802
3,063,125
Deprec.
Net
*
<x
,
5,409,841
884.881
26:609
:
admin, exp.
loss on doubt¬
*1
Years End. June 30—
fjjfe.»y "Tjil- WRM
Bell., gen. &
"
♦Full
Co.—Annual Report—
American Hide & Leather
Chemical Co. (Del.) (& Subs.)
^1
-
t—
:
»40.mK3 •SS.MiMl
cash
outward,
Freight
Mondays October 1,1944 y
CHRONICLE
THE COMMERCIAL & FINANCIAL
1506
;
Wisconsin
Co
2,285,000
Witter & Co
4,570,000
Wood, Gundy- Sa Co., ;
?
Iaev -913.000'
Woodard-Elwood
&
Co.-
185,000-
,♦
.T,■:
1
r
¥
■
.Volume 162
r
i);-jini .1
■■nilrffiii i.ni"!
■ Ii.n.u
Number 4425
nr.
1*1111!
i'l'i
li
I
''i ill' -li
.1
I
MERC
fc ■f—«ii
i
' I'li'iilliii'
>1.1(11
m
?
_
.
Nation-Wide Operator Toll Dialing is on the Way—
?■'
.
in
few
ft
Jong
vears'
distance
■
■
other
side
time^probably within the next decade—Bell System
w.ll be dialing calls, directly and unassisted.
to the caUed telephone even though it be at the
the continent, according to an announcement by this
■.■ ■%
; r • v-•
^
■■
■
-
of
company.
-■
,
.
_
"dialing
""
'telephone hf
goaf,
'
About
in
a neighbor
.....
.
.....
States
by
the
.w
Aneio
\
owtt home town."
This lohg-range
out, is "undoubtedly many years away
^
-
the
operator.—V. i62, p.
another
of
American Rolling Mill
R.
Charles
Hook,
mfnih^an^mrhi^fHrf^^.iexpaLnfioP.:£j anticipated
The
hoard of directors
of
of
share
one
stock
common
of' Rustless
not
owned
year-end.
"
directors
African
of
shillings'
10
be
increased
subscribed
of
share
by
shareholders
warrants
to
London
transfer
office
E.
England,
or
V.
American Silica-Sand Co., Ottawa, III.—Acquisition—
purchased the Utica Hydraulic
natural and dolamite cements.
Consolidated
Income
for
Account
Fiscal
Ended
Years
of
goods sold
'Other
expense
3,832,918
—
profit
operating
186,412
$3,694,227
360,175
683,077
588,000
359,242
696,500
.Federal
income
-'Federal
JProv.
2,898,000
2,430,000
300,000
300,000
taxes.
profits
excess
tax
transition
post-war
for
Net
~
profit
$857,630
284,051
$1.51
Darnings per
share
Depreciation
Current
Recoverable
Material
the
$1,111,150
other
sale
$1.95
of certain
to
Accountability
Current
'Cash
U.
under
S.
<
592,581
4,365,880
of
3,570,440
and
; —-x
bonds,
Cr591,443
series
E and series
4,697,045
169,505
F
and
notes
Inventories '
,—
547600
•'
saVings notes, series G
tax
641887
.1,244,167
1,341,129
receivable
*
principal
amount
Cash
of
surrender
munitions
value
1,632,100
division
the
Sundry investments, etc., at cost
Post-war
refund of
Federal
or
95,284
of
,
the
at
of
'
•
tLand, buildings, machinery, equipment, etc.—
Unexpired insUr. prem., prepaid rent and taxes
the
Factory and
Amts.
reeeiv.
shipping supplies, etc
from employ. & sundry oth, items
Total
Current Liabilities,
and
sundry
to
claims
banks! $12,832,770
3,510,548
3,404,730
735,015
—a
561,166
convertible
redeem
is
to
raise
additional
is
Amounts
be
payable after March 31,
for
such
Fed.
payable when
Reserve
for
•Capital
taxes
on
mstal. profits
transition
$10)
353,545
are
(par
may
realized-
150,030
i.2~oo^6oo
900,000
5.681,010
—1—
5,681,010
1,726,277
3,114,431
•Capital
surplus
1,726,277
Earned
surplus
3,688,010
Total
'
"After
for
deducting
reserve
of $200,000 in both
depreciation of
$2,382,617 in
•deducting $2,309
in
1944
and
trustee.—V. 162, p. 1387.
1944
shoe
Dec.
on
capital
and
$167,230
1945
deposit
on
and
;
V
in the
certain
the
and
frpm
Net ry.
1943
The
parts
and
$450,520
136,887
167,948
128,031
64,491
income
„
52,815
-
i.
54,379
j
From Jan. 1—
•Gross from railway
Net
from
Net ry.
V.
4,138,175
railway.—
oper.
3,931,119
3,978,333
982,663
income—
940,010
1,174,111
501,223
464,520
569,659
3,412,464
819,519
319,356
R
t
135
plastic parts
for
o
S.
r,
La
The
S'lo
i
as
certain
related
products
1891,
such
as
finances
sells
of
some
the
sales
and
corkwood
grinding
of
largest single peacetime activity
and
certain
cork
of
the
to
W.
Corp...
Clark ■&
Ripley
principal
raw
materials
used
4.6875
Kuhn,Loeb&Co.-——
9.375
Lehman
4.6875
Moore, Leonard & Lynch
Morgan Stanley & Co
6.25
Reynolds7 &*"Co.——_i1—
2.1875
,
Brothers
Stone
4.6875
the
manufacture
6.25
1.25
v
&
Webster
Blodget,
Stroud
»
from
time
cork,
corkwood
are
to
of
Sell.,
less
goods
gen.
1.25
and
Inc.———_—.
&
Co.,
4.6875
Ipp^__—-. 1.25
Corp.—
4.6875
Securities
Subsidiaries
Consolidated)
6 Mos. End.
June 30,'45
1944
59,735,069
124,566,258
Years Ended Dec. 31
1943
sold—
iv
1942
B
dis¬
49,114,881 101,091,465
111,646,983 82,704,879
93,635,705
67,716,877
10,121,404
and_admin.
6,086,651
11,544,472
10,556,926
Crl,601
recoveries——z— ;
Other
<
*
1,189
Cr6,631
its
4,535,138
income
56,884
Fed.
exc.
Other
192,377
284,338
7,653,360
5,094,052
100,019
218,699
100,017
119,716
998,832
'
prof, tax (net)
income
applic.
Credit
329,986
12,259,118
2.057,957
1,593,942
100,679
5,486,703
1,971,607
1,746,713
167,997
1,713,654
188,"749
107,549
incj:. tax
surtax————
•
4,809,7l4{
•7,460,983
143,005
deductions.:
normal
v' and
11.929,132-
4,678,143
—_
income—,—
Income
Fed.
oper
*
taxes.,to
,
276,761
1942,
*300,000
———
Net., prbflit—
Preferred dividends.
1.884,671
158,982
4.218,998
3,667,026
*3,264,384.
211,976
211,976
211,976
dividends—
1,058,149 f 2,116,297
1;9C4,667
1,904,667
net profit for the year 1942, as shown above, is
$300,000
greater than that shown by the company's annual report for 1942, due
to the retroactive adjustment of the accounts in
respect to a claim!
recorded during 1944,
for refund of excess profits fax of the vear
1941 under the can*y-ba<!k provisions of the Internal Revenue Code.
Common
*The
•
Balance
Sheet,
Assets—Cash
-
June
in
30,
banks
1945
(Company
Consolidated)
and
and
Domestic
Subsidiaries
hand, $9,316,723; U. S. Govt. ,"-curlties,
$1,057,882;
U.
S.
Treasury savings
notes,
$1,241,995; billings
and
accrued
recoverable ccsts on Government supply
contracts and
facilities, $2,649,884;- accounts and notes receivable, $5,973,965; due
from
subsidiary
and
affiliated
companies,
$234,378;
inventories,
$16,264,970; investments in and advances to foreign subsidiaries (not
on
consolidated),
$4,242,588;
other
property,- plant
and
$2,363,010;
assets.
$361,307;! goodwill
$67,372,205.
*
85%
of
from
Total
investments
equipment,
trade-marks
and
srndry
$23,665,562;
and
patents,
'
i
assets,
intangible
$1;
total,
;
LiabiUties--Accounts
payable, $3,120,566; salaries,' wages', and com¬
$1,439,397; social security taxes accrued, $428,388;
State income,, capital stock and other taxes accrued.
$4'1.562; insur¬
ance, royalties, advertising and miscellaneous accruals. $315,093;
dividends declared, $405,710; due to
subsidiary and affiliated companies,
$272,536; provision for Federal income and ^excess profits taxes,
$298,470; operating reserve,
$350,000:
reserve
for post-war contin¬
missions
•
other
company
the
sales,
Profit
in
gencies,
$750,000;
shares,
accrued,
$750,000; reserve for WRge-ear_ners*: unemployment benefits,
4%
preferred stock. $5,299,400;
common
stork
(1,410,865
par), $8,123,465; paid-in surplus, $26,383,324; earned sur¬
no
plus, $18,404,294; total, $67,372,205//"i
Union
National
Bank of
St.,
•
Pittsburgh, Pa.,, announces
for
the
-bonds
•
:
•
To Receive Balance of Redemption Funds—
The
com-
time in the ordinary course of business.
Grinding
the type of burlap
used, and some other mate¬
abroad, grinding cork and corkwood from Portugal,
and
obtained
Domestic
!
counts, returns and
allowances
,
of
1.25
Singer, Deane & Scribner
4.6875
less
¥&$
in
%
Co.,
2.1875
expenses
—————
Prov. for doubtful accts.,
armor
,
&
inc.
4.6875
Co.^—s.-
——_
;
piercing shot; bomb racks;
concealment
materials;
chemical,
high
explosive,
mortar
shells; magnesium incendiary bombs, and
ammunition. *
for
for
I
Harriman
9.375
4.6875
Cost
sale
sub-assemblies;
subscribed
not
are
3T25
r
rehabilita¬
30,
pany's peacetime products are linseed and other
oils, grinding cork,
..corkwood, burlap, rags, rubber, tinplate. glycerine,
soda-ash, dry colors
and
fillers, and asphalt, contracts for the purchase of which are
made
stock
purpose of
due June 1,
Pittsburgh,
that
trustee.
certain
4th
moneys
1940,
have
not
been
claimed.
Ave.
and
deposited
"redeeming 10-year convertible 5%
gold
Anv
f
'
Wood
with
it
debsntif-e
such
moneys
not claimed by the persons entitled thereto by Oct. 22.
1945, will be
paid by it to Armstrong Cork Co. The bonds were called for redemp¬
on Aug. 24, 1935.—*V.
162, p. 1387.
'
tion
.
0?) WIBlam B. Dana Company, Publishers, 25
Park Place, New York 8, N, Y., REctor 2-9570. Herbert D. Seibert, Editor and Publisher;
Business Manager. Published twice a week [every Thursday (general news and advertising issue) with a statistical issue on Mondavi. Other
(Telephone^ State 0613); 1 Drapers' Gardens, London, E. C., England, c/o Edwards
Smith,
Copyright 1945 by William B. Dana Company.
Reen+ercf
n
Salle^St.^ Chicago^ 3,^111.^
^P
of
*
rials,
•txmufmwnfisSS
sale
*
*
162, p. 978.
offices.
Cartridge
cases;
illuminating and
1942
$540,101
57,164
railway.
oper.
1944
$521,051
1945
9.375
Gross
the
of floor covering products.
,
Jahuar'y, 1941, company 'has manufactured and
supplied ,a
variety of specialized war products. Its production has included
aircraft
$521,305
112,460
August-^Net
Securities
£•
other
and
manufacture
*
tjross from railway
Dec.
not
Summary of Earnings Statement
Sincfe
wide
9.375
(Company and
above-
prouuots;
materials;
manufacturers.
Ann Arbor RR.—rEarnings-
Barney & Co._vPeabody & Co._
15,
crown
companies
building
is
preferred
and
opposite their respective
share such of the 161,522
per
Union
heat insulation materials,
Foamglas and
Fiberglas
insulatioty and Cel-O-Seal caps and bands for closures on
glass bottles; ,cont/acts for the installation of certain of
the
~
with
cumulative
$102.75
Goldman, Sachs & Co
Graljam, Parsons/& Co.*_
various
mentioned
tAfter allowing
1945.tAfter
in
at
with
company
Brother & Co.,
magnesia
,
$3.75
severally
Dillon & Co.—
The.; First. Boston Corp.—
closures
other
$29,727,175 $24,423,717
years,
$2,831,359
in
;
below,. to purchase
of
funds
for
consistihg
offered.
now
Eastman;
industry,'cork paper Mr cigarette tips and other .cork
specialties
kinds), felt for flooring and industrial
uses,'and various
other products of cork,
/rubber, asphalt, synthetic rubber and other
compositions, and accessories for the installation and maintenance
of
certain
of
the
foregoing.
Company also acts as the agent for
of
post-war
stock
cork
126,el4
as
on
authorized
and
are
Underwriters-^The
underwriters
have' agreed
jointly, and according to the percentages set
E.
required for the redemption
stock, exclusive of dividends,
incorporation
of
Dillon, Read & Co. inc.Drexel & Co
II
supplies,
_______
1945
income
initially 0M61,522 shares, ail of which
Blyth & Co., Inc
.caps for bottles and cans, molded
plastic and
for bottles and
Jays), druggists' sundries and hospital
cork products for comniercial and industrial
uses (including
gaskets, cork cots for ttxe^textile
industry, cork products for the
metal
Liabilities, Commercial Division—
pavable, trade and sundry accrualsReserve for Federal taxes on income (net)
Reserve
Business—Upon
company-
reduce
Mqllon
retire
estimated expenses in connection
and
the
%
p.m.
to
may
have such funds available
and equipment of additional
and,the .improvement
existing plants and facilities.
'• »
of
number
stock
issue
company
to
stock
161,522 shs.
i
nm qw
1,410,865 shs.
,
in
incorporation
authorized shares of common stock
was fixed at
$10,000,000, which is
at the rate of $5 for each
share authorized.
The directors by resolution adopted Sept. 12, 1945, established a series of no par
preferred
Stock designed "$3.75 cumulative preferred stock"
dividends, any simres of the 4%
not exchanged.
preferred
of\ the
purpose
that the
stoppers,
>
Current
-Accounts
.
nnn
2,000,000 chc
shs.
of
convertible
Kidder,
(including corkbpard, fibre-board, mineral wool
board, insulat¬
cork-pipe; coverings, linoleum tile,, rubber tile, asphalt
materials and decorative
wall-board), various types of
glass containers (particularly
bottles and Jars) and closures (including
cork
payuble,
to
£.
articles
of
Smith,
ing fire brick,
tile; acoustical
$8,759,290
(a)
the
; ■
Outstanding
250,000 shs.
by the holders of subscription warrants or
issued
in
exchange
outstanding shares of 4% cumulative convertible
preferred stock:
terials
4
Munitions Division—
loan notes payable
subcontractor
and
Accounts
trade
"V"
68,828
$24,423,717
1945,
shares
acquired the business/and assets of Arm¬
which firm and its predecessors had been
engaged in the business of
manufacturing bottle corks and certain
other cork specialties for a
period of approximately 30 years.
The
name, Armstrong Cork Co., was
adopted on Jan. 14, 1895.
The
company,' itself Tor
through • its domestic and foreign sub¬
sidiaries, - is engaged in the business of
manufacturing and selling
linoleum, felt-rbase floor covering, felt-base
rugs, linoleum
type and
felt-ba,se wall covering,various types of insulating and
building ma¬
150,153
$29,727,175
_
^Regulation
75,401
107,463
11,
i/arnes
Subscrip¬
issue
Pennsylvania,
2,921,655
287,167
289,021.
Authorized
-j
v
(no
1
•
$102.75 per share
purposes ^of
$3.75
cumulative convertible
preferred
after the deduction of the
strong,
287,431
;
Capitalization Giving Effect to Present
Financing
amended
shares
•
246,097
623,532
3,811,599
profits tax_
excess
...
common
stock from
1,624,693 shares to 2,000,000 shares..
By resolution of the stockholders of the
company adopted on Sept.
,5,
1945, the stated capital of the
company applicable
to the
"7 ,'V
4%
History
79,610
64,680
less-
,
2,000,000
exchange offer expired at 3
7],
con¬
the number of authorised shares of
4%
preferred stock from 60,00 shares to
52,994
shares, (b) to authorize the issue of 250.000 shares of no
par preferrfed
stock, issuable in series, and (c) to increase the
o
preferred stock.
cumulative preferred
at $100 per share and accrued
tion of
591,443
insurance-
of life
..
were
convertible
also
no
Sept.
were
The wndicatP
;
It
-j.
.
in
par)
$3.75 cumulative
preferred stock
Common stock (no par )
,
Accountability
-
return*
.
;
,
time.
cc
Preferred stock
such issue, are estimated to
be not more than
$10,999,768, and. not
less, than•' $10,797,865". Such
proceeds are initially to become a
part
of the
company's general funds and as such
may be applied to any
corporate purpose.
Although the company has not allocated any of
such1 funds to
any'specific purpose, as of July
2, 1945, it had un¬
expended
appropriations
and
contemplated
appropriations
of
ap¬
proximately $6;500,000 for the' construction and
equipment of asphalt
tile plants and related
facilities
Commercial Division—
6,161,355
of
Title of Issue—
the
Co.—
T-»
amount
2,034,746
contracts-
be
construction or acquisition
plants and
facilities, the improvement and rehabilitation of
existing plants and
facilities and for
working capital which may be required for increases
in
inventories and accounts
receivable.
The net proceeds from the
issue of the .161,522 shares of
$3.75 cumulative preferred
stock, after
the deduction of the maximum
provi-
repricing
Terminal
&
affectedy
great' difficulty. Some expense has been and will be
rearranging' certain factory areas, in readjusting inven¬
tories, and in. reorganizing personnel.
Prior to
the
termination
of
the war, a reserve of
$750,000 was set up out of earned surplus to
cover such
contingencies and no further reserve is considered neces-
exchange by the holders of the
company's old
the
order
533,819
commercial division
Assets,
^Accounts
in
$4,226,563
•
at
the
the
sale
The
holders
warrants
for
,
Another
1944
825,377
by
or
50%
the
52,994 outstanding shaves of .4% cumulative
convertible preferred
Company proposes to use a portion of the
proceeds from the
of
1945,
6,144,§36
—
U. S.
:
./!
templates
and
involved
ir-jj
? /
>.
Kidder, Peabody & Co.
o
A
of'Issue—One
cumulative
>
$6,804,840
.
claimed
be
31
Bridge
publicly offering these shares
stock.
284,051
1945
Division—
inventories
to
Amounts
:
March
for equipment, etc
manufacturing costs
expense
and
Munitions
sip|is
Sheet,
receivable--.-
Accounts
/
Munition
Assets,
Balance
Ry.
^
o
and dividend.
of
Consolidated
Register
to
any substantial change
in
peacetime business,
but does
construction or acquisition and
equipment of additional plants and
facilities and the improvement and
rehabilitation
of existing plants arjd facilities and the extension of its business
to
include related and other
products from time
cumulative
rights and
are
-
—--
600,000
$322,000 in
deducting
reduced
was
company does not intend to make
general character
of
its
normal
presenting
•
The underwriters are
purchasing the balance of 107,620 shares not subscribed
f#r. or taken in exchange and
1945 and $270,000 for post-war credit.
$412,223 in 1945, $355,217 in 1944 and
■$290,824 in 1943 has been charged in the above statement.
(2) No provision is made in 1943 for Federal excess profits tax.
"After
Note—(1)
years,
first quarter of 1945, and
April 1 was further curtailed to 40%
,♦ representing
a
drop of
from the consumption
allowed in 1944.
As of Aug. 21,
1945, the
usage rate of linseed oil was increased to
45%, retroactive to July'l,
1945, and to 50% for the fourth quarter of 1945.
Rosin, which is. also
necessary in the production of certain floor
coverings, was limited
in usage to only 30'%;
of. the 1944 r^te until Aug. 27,
1945, when
permitted usage was increased to
60%. As a result of the restricted
usage of linseed oil and
rosin, the company's production and sales
of linoleum and
felt-base floor
covering have been adversely
43%
On
Sept. 25.
1,300,000
$1,000,685
284,051
$1.76
the
to
•'
•
Mellon
Purpose
Dividends paid
.
t
may
London
allocation
The
<
closing date of the, offer will
not
raw.
procure
on
7S5
contemplate
corporation; 11 Old Jewry, London,
head office,
Johannesburg, South Africa.—
&, Memphis
cumulative
tion
232,203
$4,786,427
in
the
the*
the
at
i
the
4%
$3,462,023
177,400
"'-V.
f
detached* from their share
of
1274.
p.
taken in
1,915,086
$5,003,806
income-*—
deductions
Other
31
28,462,439
$4,600,015
$4,826,406
:
income
Total
162,
23
T>
1943
31,534,452
2,465,075
39.562,931
general
245,000
Securities Corp.- that' underwrote
the
recent offerings to
stockholders of a new issue of
161,522 shares of
$3.75 cumulative preferred stock
(no par)
announced. Sept.
r26 that 8,826 shares out of 108,528
shares were subscribed for
by holders of subscription
warrants and 45,076 shares
out of -52,994 shares
$48,222,255 $38,599,542 $33,839,549
and
Net
March
1944
1945
•Cost
2,
and
sales-
Belling
C.
$16,535,405 $139,733,076 $146.077..533
1386.
American Type Founders, Inc.—Annual Report—
Uet
the
The
Armstronff Cork Co—Stock Offered
1945—8 Mos.—1944.
1945—Month—1944
,
•
..
Sept. 15,
shares held,
20
every
-
trust, dated Sept. *1, 1945,
securing $2,865,000
Sept. 1, 1975.—V. 162.. pp. 346 and
242.
American Stores Co.—August Sales Declined—
$15,686,119
_<
The Guaranty Trust
Co. of New York has been
appointed trustee ancl
paying agent under the above
company's first mortgage and deed of
first mortgage serial bonds
due
annually Sept. l, 1946, to and including
1931, as successor to the reorganization of American Silica Corp.,
properties of which were purchased at public sale on Feb. 6, 19,31
bondholders protective committee for the $966,500 first mortgage
•eJ/2% gold bonds, dated March. 1, 1928.—V. 126, p. 3759.
16,
162, p.
on
Trustee—
Feb.
by
Period End. Aug. 31—
lodge Coupon No.
Arkansas
"the
—V.
for
-
to
placed
Aug.: 21, 1945. LinSeed oil, however, an essential raw maproducing linoleum, is still restricted in usage. • The
permitted
this material,
originally announced for 1942 as 70% of that
base period
(1940-1941) and fixed at varying level? in sub¬
sequent
8, 1945, after whiph no further
aplications will be entertained.:
Holders of share warrants to bearer
desiring to apply for their rights
"
1626.
Bales
new .share
bearer.
—V.
on
v
at the close of business oil
Oct.
incorporated in Delaware
offer of
an
was
In
.
must
was
make
impossible
cork
raw
©/•ton
the- price of 80 shillings of
all. holders of the corporation's
10 shillings each and
£2,350(000 6% cumulative pre¬
stock*. ' The issue is
being underwritten by The Consolidated
Selection Co.,
Ltd., and Messrs. E. Oppenheimer & Son
jointly
commission of 2Vfe %.
«
f
;
The consent of the Union
Treasury has been obtained for the issue
of the 245,000 shares.
As regards the United
Kingdom Treasury, con¬
sent has been
granted in respect of such
portion of. the issue as
,
Co.
such
as
to
became
until
terial
at
to
it
feiUsaye vof
r
yield £.980,000 and the'issued
capital of the company
from £4,800,000 to
£4,922,500 divided into 5,145,000
This company, through its wholly-owned subsidiary, the Delta Ship¬
building Co., is reported to have purchased the Toledo Shipbuilding Co.
Silica-Sand
basis
,
JL
fioooring has
when
Usage of
cash
a
be
The American
V/i.
produced since. 1942,
rubber in natural form.
v
-
Italy and certain Mediter¬
.
■;
ferred
Co.—Acquisition—
company announces that it has
Cement Co. of Utica, Hi., producers of
Southern France,
'
Mines
•
This
interest.
ordinary shares of
Hook further stated that Armco intends, after the merger has
effective, to operate the Rustless plant at Baltimore, Md., as
the Rustless Iron & Steel division/—V. 162, p. 873.
p.
extending that
v
This issue will
will
by
become
160,
each
share
per
disregarded.
for
American Ship Building
have,'therefore- decided
currency
1945, in the proportion of one
fractions of new shares
being
Mr.
.
is
^
ordinary shares registered
Armco, being changed into one share ot common stock of Armco; such
merger, subject to stockholders' approval, to become effective at the
,
Africa,
Islands.
ranean
progressive policy,
ordinary shares
of the boards of directors of the • two corporations,- held
resolutions had been adopted by each board authorizing the
officers of the respective corporations to proceed with the preparation
•of an agreement providing for the merger of Rustless into Armco, on
basis
Northern
Despite shortages: «&• ^raifir materials iiiu$
during the war r««>»v.M|.>;:vMV tUUUUiUOVUiV of '••^fcrictloj^S'v-«n;': th'eiif ■ use
period, the manufacture
CgUlttl
pi UU
:
regular^producAs, with a
few
exceptions, has been continued,
Rubber tile
the
...
directors
South
President of this company and Chairman of the
of Rustless Iron & Steel Corp., announced that at
meetings
Sept. 24,
the
Field and'
r
are
of the opinion
that the- time has arrived when
capital should bC raised to enable the
corporation, to continue
and to participate in -the various
activities -to
which, reference has been made? - --"
its
>
.
the
in view of
taking
..,
further
1386.
Co.—Merger Proposed—
Spain,
Ltd.-Rights!-
A. Rogers, 'Joint London Secretary,'on Sept". "3 stated in part as
follows:
,
The business Of "the. corporation has, expanded
"considerably in the
last-few years nnd^furth^ffexpahsibh^ia anticipated in view of
The
v
American Corp. of South Africa,
Orange
operator
assistance
-
ftre
place in
Union of South Africa.
The corporation moreover has
a.large interest
in the
:
Free State Gold
the
without
'
.
"'
^vfelo?™ellts..whlch
'
the customer dials the outward toll operator, who in turn completes
call to the distant telephone through toll dial equipment—usually
t
•
_
w.t' ^
you jUar-ihe
J
_
Co., Inc.—Output—
been
your
points
.
•')/Y.;:;T62Vp.fT387;?t
^uny-
~
.
ended Sept. 22,
•
perhaps
or
-
"
& Electric
the
daily* 2,700,000 toll board calls ar being handled
toll dialing metnod.
Under this method
the
of
5%
present
at
(
United
Justis. simply and promptly as
as Mr. Gifford
practical use,"
from
-*
,
the
in
'
"the
in
.
anyone anywhere
worldI
"
where
.
Power; output of the' electric, properties of this
company for the week
1945 totaled 79,391,000 kwh., a decrease of 5.95% over
output of 84,414,000 kwh. for the corresponding week of
19*4.-
;
"
..'tJse of this method on a nation-wide basis will be one step toward
the ultimate goal, - recently * stated by. Walter S. Gifford, President,
©f
.
lir
onerators
through
straight
___
American Water Works
ited
States
(except
and
Possessions,
Spain), Asia.
in New York
$26.00
per
Australia and
funds.
?
•
,
year;
Africa,
"
in
Dominion
$31.00
per
.
year,
Mos-~J[944
$264,850
-
$13,299,541 $13,766,494 $10,005,102
income
Operating
exps. (inci. prov.
doubtful notes &
Oper.
for
$
Railway
30,522,93k
debits——
Net
~
the months op August, 1945, include
$7,336,000 Federal Income and excess profits taxes compared
with
•v''. i: $15 248 000 In August, 1944, For the eight months ended Aug. 31, 1945,
railway' tax accruals include $88,724,000 Federal income and excess
162,
$4,043,200
356,403
6,366
Gross
Income
$4,789,19.3
$5,161,006
$5,278,836
Interest
charges
408,882
356,742
$4,401,603
405,324
for
Prov.
capital
of the Board of Avco.
*..
expected that the transaction will bfe completed about the
middle of October after the usual examinatiqns have been made.
Under terms of the purchase, Avco will acquire in excess of 50%
of New Idea's 272,000 outstanding shares at a price of $30 a share.
1
Chairman
stock
4
,
officers of
0lUpon
consummation of the transaction a similar offer will be ex¬
all other shareholders for a 30-day period.
Both transac¬
cash-and will involve a total commitment of $8,160,000,
tended
to
tions will be for
U
New*Idea; Inc.^hasmanufacturing
plants at Coldwater, O., and Sand¬
warehousing properties in other Eastern and Mid¬
western
Distribution of its products is made through 3,000
dealers serving the trade in more than half the states.
The company
was
founded by the Oppenheim family in 1899.
During the war the company continued to produce farm machinery
..
and
points.
111.,
problem in meeting large back¬
Its sales and service organizations were maintained
therefore it faces no reconversion
and
of orders.
this period.
Synck, who has been connected with
Inception and President since 1935, will be
and director.: Each of the Messrs. Oppenheim
logs
during
.
,
,
the company since its
retained as consultant
will be retained as an
Mr
director.
and
officer
1,405,283
Surplus credit _i.
Earn, surplus Jan.
$2,317,227
1__
15,253,267
dividends
dividends
Earn,
Net
14,514^800
14,45 k 176
Net ry.
per
Condensed
Consolidated
Balance
18
Net
-V.
will
from
Net
ry.
Equipment Notes—
B. W.hite announced on Sept. 20 that the company
bid made by The Philadelphia National Bank, Phila¬
delphia, Pa., of an interest rate ox 1.575% on $1,200,000 equipment
notes, Scries I, payable in 30 quaiterly installments.
.
The notes will be issued subject to approval of the Interstate Com¬
merce
Commission
in connection
with the company's purchase of
500 50-ton steel hopper cars to be built by Pressed Steel Car Co., Inc.
..-Mr. White said that nine bids had been received altogether, ranging
from a low of 1.575%
to a high of 1.70%.
Roy
accepted
Net
from
Net ry.
—V.
August and Year to Date
for
*
357,729
553,516
486,519
©per*
revenues.—,
oper.
expenses
23,418,566
2,454,295
tax accrualsEquipment rents (net)_
•Railway
'
202,552
199,825
1,303,126
1,288,463
3,669,111
400,743
3,960,308
30,471,018
31,182,711
609,695
3,310,762
33,781,780
657,663
17,726,896
35,760,203
exact
Fixed
90,904
4,570,003
95,363
'
2,230,912
2,232,745
income
/.
charges
Net
income
the first eight months
657,110
18,535,930
15,397,221
2,241,895
1,748,038
£
in
-•Includes
16,567,163
13,550,118
12,478,746
2,197,573
12,467,864
2,453,201
1,206,415
3,334,139
2,432,962
2,992,211
Stock
York
New
Exchange
Atlantic
after
Brass
&
Corp.
has asked
promissory notes to help
50 steel hopper cars.-
the ICC for
authority
to
issue $436,800
purchase of 100 steel box
*
V
finance
of
and
cars
Net
charges
profit
capital
of
1945—Month—1944
Period End. Aug. 31—
$613,207
Other
income
~
$640,224
413,713
234,837
$7,175,807
$6 299,340
4,710,903
3,941,131
1,771,584
1,609,497
*$8,326
$693,320
fixed
charges
:
'•
35,744
37,029
91,924
8.708,511
8,666,978
7,776
24,858
income
$51,465
$36,479
4,5,278
46,611
s
$6,187
—
Bath Iron Works
$810,102
365,664
$951,297
"$10,132
$444,438
'
$568 ' 828
•
$974,964
352,418
$2.77
$1,204,556
352.438
^
after
charges
1944
$4.84
Federal taxes and
tOn <418,973 shares.-
and
p.
had
been
In
May
a
$3.85
reserve
for
the
price
estimated
service
ferred
to
celled
on
the
the
the
over
Joint
Unfilled
12,
was
orders
two
from
four
;
additional
another
yard,
.
destroyers
the
acceptance of
the President noted.
books
of
the
company
at
proximately $51,000,000 after giving effect to the
four
vessels only.—V.
161, p. 2106. V';
Bell Telephone Co. of
See
addition
interest,
the
the
the
per¬
"Niagara,"
in
sunk by an enemy
was
1945
1944
$6,174,000
$6,314,000
-
.
was
surrender
June
30
trans¬
were
can¬
terms
were
cancellation
of
bv
aD-
the
1944
company
of
to
Philadelphia below.—V. 162, p.
2%
of
the
assured
will
receive
by
$6,500,000
by
the
based
first
annuities
direct
the
to
company,
contributed
eligible
contributions
own
employees
be
will
future service.
Employees
weekly earnings plus 4%
of
"Caterpillar" contributes 1'/2
the ' employee.
Each • person
is
$60
earnings
its
and
company
annuities
of
such
amount,
the
on
of
while
by
thatbfyt--$r<.Jus beneficiary will receive
his
as
benefit
a
less
no
plus
are
1945, purchased with their own and
contributing for at least 10 years will
ment
all
Ap¬
income
consolidation
operating
plan
for
the
three
the
the
corporation
the
western
of
approval
and
the
of
new
company
The
21 declared
directors on Sept.
The
outstanding
the
Nov.
1,
an
ently
The common stock was split on a two-for-one basis during the
the declaration of these two dividends will bring the total
basis to $1.25 per share paid during the calendar
1945, compared with $1.05 for 1944 after adjustment of the 1944
The
and
3y2%
the present stock
stock
V.
162,
of
the
The
California Water
Service
Co.—Registers Bonds, New
a
shaie
share
for
basis.
The
will
offer
expire Nov.
have
stock
Nov.
$30
at
9.
•
a
a
and dividends,
underwriters at the
of
share
for
Proceeds
will
of
be
the
new
devoted
to
share
each
T""
•
.
-
»
1«
i
and of sale privately of $600,000 serial
retiring the present debt, and funds from the
stock will go partly to financing a property
t
t'/
to
at
holders
purchase
a
share
of
duj
debentures,
the
company's pres¬
price to be filed byl
of new stock for
each
10
shares!
The bonds will be sold to the public at
are
a!
named the
1388.
p.
has registered with
company
stock
tp
proceeds
be
sold
will
the
Aftef
ceased
sale
be
to
go
a
at
to
the
SEC
840,000
shares
competitive bidding.
<
American Power & Light,
(no
owner
par)
of
the
of .Arizona's stock by American, Arizona Will
subsidiary or an affiliate of American or of
the parent of American.—V, 162, p. 349.
Share Co.,
1966,'
and
accrued
interest.
Payment
will
be
made at
the Bankers
New York, N. Y.
/
payment of
the full redemption
Trust
Co
16 Wall St.,
interest
surrender
bonds
'f >h
162,
Immediate
this offer also terminating
of additional'common
...
one
held.
$40,000,000
3%
common stock.
of
any
to
Oct.
of
22,
1945,
the called
will
price,
be
paid
upon
bond6.—V.
162,
p.
together
presentation
with
and
1277.
.
addition and improvement program.—V. 162, p
1
stock
basis of
of
offered
proceeds will be used to redeem the company's outstanding*
1962, at 101% and interest.
The balance
proceeds will' become part of the general funds of the corpora¬
trustee,
,
held,
com¬
made
The company has called for redemption on Oct. 22, 1945, $1,800,000
first and consolidated mqrtgage bonds, 3V2%
series due
at
106 Vb
share
■'-1 .'-
the
by
has been
1164.
Central Illinois Light Co.—Partial Redemption—
•
9.
will be paid
and the unexchanged new shares
will be sold to
same pripe.
'
.
* Common stockholders will receive rights to purchase the new common
$26.25
at
p.
net
Electric Bond &
Holders of preferred stock not assenting to the exchange
off
162,
debentures due Juiy l,
stock.
company
on
shares
be
common
the
approved
was
participation
America—Registers Bonds & Stoc
registered
will
stock presently
The
has filed a registration statement with "the SEC cover¬
ing the issuance of $11,282,000 new 3% first mortgage bonds, 139,000
shares ($25 par) preferred stock and 29,142 additional common shares.
The bonds will be publicly offered to replace present debt, and hold¬
ers of the existing 6% preferred stock will be offered the new preferred
The
for
Central Arizona Light & Power Co*—Registers Stock
1388.
p.
birthday will receive
continue
^
preferred
15.—
declared, payable Dec. 1 to holders of record Nov.
also
outstanding
on
voluntary,
application
157,945
stock
common
tion.—V.
two-for-one stock split.
regular quarterly dividend of $1 per share on the 4%
was
55th
them.
expense,
price to be filed by amendment,
Dillon, Read & Co., Inc., and Morgan, Stanley & Co.
principal underwriters. ";
^
dividend of 25 cents per share on the com¬
declared, payable Dec. 1, to holders of record Nov. 15,
1945-
entirely
and
has
and
1965,
amendment
of old
.*■'
regular quarterly
also
is
corporation
1,
The
dividend of 25 cents per
payable Nov. 15, to holders
was
their
for
own
of eligible employees.—V.
Celanese Corp. of
extra
stock,
common
1945/"
which
stockholders
by more than 75%
Burlington Mills Corp.—Declares Extra Dividend—
on
its
upon
plan,
pany's
The
record
at
returning, will be given an opportunity to enroll in the plan and will
be given credit for the time spent in the service of their
country.
would
Oct.
of
reached
purchased
also,
an
insured
payments on the basic portion of his erouo life
retirement at age 65 for the remainder of his life, if
he has been carrying the insurance for the previous five
years.
The plan makes liberal provisions for employees now on authorized
leave
of
absence, including military leave.
These
employees, upon
sub¬
three
division
who have
income
will
Those
premium
s
insurance
an
companies
operating
of service
retirement
contributions.
company
receive, in addition, the retire¬
past and future service
Those with
purchased for both
company
employee
announced
comprising
companies,
the
The
875.
sale
1276.
1
interest.
made for cash payments, plus interest to an
employee
may leave the company before attaining age 65.
Those who do
not elect cash
payments, and who have contributed for at least five
years,
receive the retirement income based on service after 0"t; 1.
Commission
S.
P.
by stockholders of the four companies.
The
as the Buffalo Niagara Electric Corp.
notes
,
Oct.
on
approximately
purchase
contribute
remainder
times
$106,050
$84,086
taxes
involved are the present Buffalo
Niagara Electric Corp., Lockport & Newfane Power & Watex* Supply
Co.
and
Niagara, Lockport & Ontario Power Co., all controlled by
Buffalo, Niagara & Eastern through capital stock ownership.—V. 162,
'
Pa.—Acquisition—
Keystone Telephone Co. of
Retirement Plan
term of years.
a
the
Niagara Hudson Power System, into one operating company.
Authorization of the plan, the Commission said, hinged on ratifica¬
shares
but these four
days before
announced,
on
.
,
of
the
will
Stock—
them.
construction
with
contributions
used
than
York
New
sidiary
of
11
company
Aug.
Japanese
on
In
by the Admiralty for
.
____
expenditure
paid
$3.19
renegotiation
He added that the cancellation had been received before work
started
taken
were
1388.
p.
2ft years
The
destroyers were delivered to the U S
Navy
equalling the number delivered during the last six months of 1944
Mr.
Newell
also
cancellation
reported the
of
11
additional
de¬
stroyers.
others
"Caterpillar," based on past" service.
In order to provide the
designed retirement incomes, past service with the company for all
employees is taken into consideration, based on the basic wage as of
June 1, 1945.
This purchase of annuities for past service win involve
2397.
Buffalo Niagara & Eastern Power Corp.-t-Merger
1943
Newell, President, stated that during the first six months
year
two
from
$1,088,029
352,418
$3.09
$3.42
1945
apd
dividend total of $2.10 for the
1945
charges,
current
ships
liberal
common
the
in
war
,
of
is offering to hoiders of its outstanding 30,€00 shares
par) preferred stock the right to subscribe to 15,000 shares of
$4.40 preferred which is to replac4 the present issues.
Subscrip¬
tions are to be accepted at par until Oct. 15.—V. 162, p. 1388.
year
$53,861,392 $73,562,151 $58,062,721
2,027,000
1,613,343
1,336,000
.1
___
William 8.
to
Pacific
Society of the Uxifted States, will provide thousands of
Caterpillar" employees with retirement income in addition to Federal
age benefits derived from the Federal Social
Security Act.
AH regular "Caterpillar" employees who have
completed at least
five years of service and
are
between
the ages of 30 and 65
are
eligible' to participate.
Employees over 65 who have had five years
($50
year
profit
tEarnings per- common share—
of
steamed
Canadian
'
new
382,469
Corp.—Earnings—
income
contracts.
vessels
11
Assurance
159, p. 443.
share
tor
___
6 Months Ended June 30—
•After
P.
that
employees'
retirement
plan,
effective Oct.
1,
1945,
is
by Louis B. Neurniller, President.
Annuities, bought under a group contract with *the Equitable Life
Company
on
war
and
war
Frovisicns
24,921
•Deficit.—V. 162, p. 1164.
•Net
which X!.
reveal
announced
$7,227,094
6,139,065
mon
Gross
from
figures
Caterpillar Tractor Co.—Employees'
1943
1944
$9,683,475
__
shares
share
per
■%
income
this
at
who
177,664
4,805
V
,
Net
Admiralty
earnings
162,
A
$748,712
< net)_:_
available
Income
Pacific
Week Ended Sept. 21—
of
listing
$9,871,534
6 Months Ended June 30—
Net
—V.
The
.
the
the
conversion to naval service.
the Canadian Pacific had a half
Traffic
Brager-Eisenberg, Inc.—Earnings—
p.
^
income
Rent income (net)
revealed
[
—V.
be
The
:1945—8 Mos.—1944
$10,916
accruals
oper.
be
not
ttyTmuinber of ships to be rebuilt but
Canadian
pacific would again operate on the
manent
be known
547,160
55,131
revs.
Railway operating exps
Railway
boats could
passenger
specify
of Britain" to the 5,875-ton "Princess Marguerite" of
vancouver-Seattle-Victoria run,,,
Two others were lost through
Subs.)—Earnings
(&
"Includes provision
for post-war adjustments
adjustments under the renegotiation law.—V. 160
tion
Earnings for August and Year to Date
tax
not
'Empress
14,217,356
5,662,302
2,321,564
the
1945
"Federal taxes on income
amended
Bangor & Aroostook RR.—Would Buy Equipment—
Railway
that
and
hazards of
Bonds—
authorized
has
6 Months Ended June 30—
Profit
The
operating
new
did
old
Aluminum
proved—
Railway
the
Coleman
explicit
was
t
company
nature of
mine.]
railway
railway
income
980.
Bohn
162,
1274.
The
Chairman
Mr.
$75,000,000 consolidated mortgage 25-year sinking fund 2%%
bonds,
series I, dated July 15, 1°45, and due July 15,
1970, ali of which are
issued and outstanding.—V, 162. p. 563.
1945 Federal income taxes of
of
$19,470,390, as against $21,407,956 in the same period in 1944.—V.
p.
any
time.
Brooklyn Borough Gas Co.—Share Subscription—
deductions
Total
55,608,000
of the Canadian Pacific Steamships, for one fastfreight cargo liner, the "Beaverdell," was launched last month qn the
where three other "Beaver" boats are on the ways to restore
the important London-to-Canada service on the North Atlantic.
The
4,577,492
4,069,854
income-
Other income
Miscell.
Pacific
-
265,969
rents (net)_
oper.
56,594,000
Chairman and President, on Sept. 24 stated that
Steamships' two-ocean fleet, which suffered the
Coleman,
loss of
also
is
which
Bethlehem Steel Corp.—Listing of 2
The
34,616,648 255,902,509 258,967,149
25,003,069 187,479,004 187,317,324
4,754.691
32,632,571
34,367.886
696,028
4,016,790
4,810,765
30,007,766
Ry.
$
$
s
$
Ry.
ry.
5,883,000
Clyde,
p.
Earnings
1945—8 Mcs.—1944
-Month—1944
1945—Month—1941
Period End. Aug. 31—
Net
$
-
individual company in World War II, will be re¬
when construction costs
justify ordering new tonnage.
rebuilding program already has started, said Mr. Coleman, who
The
$2,374,925
1,287,908
441,335
$2,216,047
1,018,649
oper.
162,
No.
facil.
from
$
established
a
Earnings
Joint
C.
greatest
^
From Jan. 1—
Gross
against bank loans, most of which
with the recent acquisition of approxi¬
stock of Crosley Corp.—V. 162, p. 1163.
Baltimore & Ohio RR.—Sells
President
had
8,112,000
_____
1945—8 Mos.—1944
$
38,300,000 291,682,000 290,360,000
32,417,000 235,288,COO 234,752,000
?.ri 193.000 tons were sunk by the enemy, ranging from the 42,500-ton
$2,143,780
779,847
income—
oper.
*541 552
applied
be
mately 88% Of the common
:
D.
Canadian
1942
1943
$1,713,785
390,372
railway
railway
68,312
*836,846
980.
p.
[Official
1944
1945
from
Net
connection
in
incurred
were
it
says
company
^The^proceeds
v.v
Gross
1,527,500
Ry.—Earnings^-
38,168,000
30,056,000
—
*91,131
'
*388.055
1945—Month—1944
revenues
expenses
"
Canadian Pacific Ry.—^To Build New Ships When Con¬
Bessemer & Lake Erie RR.—Earnings—
August-
*
plans to raise approximately $15,000,000
through the sale of the 300,000 shares of the new preferred.
Rights will be issued to stockholders to purchase the new pre¬
ferred iri the ratio of one share for each 20 shares of common stock
The
National
revenues
162.
*152,2o3
1,165.700
struction Costs Warrant—
income and capital
accrued interest on
debentures, $74,308), $2,109,390; purchase-money obligations, $564,000; employees' thrift accounts, $3,105,193; 2%'% debentures, due Dec.
1, 1950, $8,508,000; 2%% debentures, due Oct. 1, 1956, $8,488,000; de¬
ferred
income—unearned
discount,
etc.. $401,572;
reserve
for con¬
tingencies, $l,000,0(j0; minority interest in capital stock of subsidiary
company, $12,500; $2.50 prior preference stqck (144,678 shares no par),
$7,233,900; common stock (2,000,000 shares no par), $14,342,073; paidin surplus (no change since Jan. 1, 1945), $4,001,068; earned surplus,
$16,041,032; total, $82,114,883.—V. 161, p. 2439.
stockholders for
preferred stock (no
increase
stock.
*47,383
p.
1939.
the authorized number of the present $3 par
capital stock to 10,000,000 shares from 7,500,000 shares.
Holders also
will
be asked
to redesignate the present capital stock as common
to
and
par)
*547,215
1164.
162,
,
*29,551
/
$
stock taxes, $4,883,154; accounts payable (including
of
corporation has called a special meeting
to consider authorizing 500,000 shares of
The
Oct.
income__.
oper.
■
' $115 000
•91,050
*102,667
Operating
Operating
Federal
$11,425,000;
from
1942
•
$115,400
-
1,258,900
*285,989
*728,974
Canadian
$725,658), $814,663; carrier operating property—at cost (after reserve
for depreciation, $2,611,069), $1,176,888; carrier materials and supplies
cost, $243,697; unamortized debenture discount and expense and
other deferred charges, $383,521; franchises and other assets (after
reserve), $129,075; total, $82,114,883.
payable,
*91,439
1,612,500
Period End. Aug. 31—
$11,603,407;
Liabilities—Notes
income—.
1943
•
railway..___
railway
'Deficit.—V.
United States Government obligations,
$11,563,554;
instalment notes receivable (after reserve for doubtful
notes of $5,109,817), $55,679,923; other notes and accounts receivable
(incl. $14,191 due from employees),
$418,703; Investments—at cost,
$10,410; real estate—at cost (after reserve for depreciation, $12,758),
$91,042; furniture and fixtures—at cost (after reserve for depreciation,
Assets—Cash,
*53,945
January 1—
from
Net ry.
1945
Sheet, June 3ft,
1944
$115,900
"24,718
railway___^
railway—.—
oper.
Prom
Net
1945.
$176,700
>
from
from
Gross
June 30_ $16,041,032 $14,755,699 $14,849,092 $14,639,460
2,314,989
2.000,000
outstdg—
2,000,000
2,000,000
$0.92
$0.95
$0.94
share:
$1.06
surpl.
com.
Earnings
by Union Securities Corp. as to the
holdings, but it is possible that public of¬
some date in the future.
'August—
I
charges
Shares
reached
its
of
mayy.be made at
Gross
$17,635,452 $16,187,473 $16,605,796 $16,768,403
147,294
375,851
50,921
*
213,566
187,506
180,853
180,853
180,853
1,794,143
1,200,000
1,200,000
1,200,000
Total
Common
been
disposition
Canadian National Lines in New England—Earnings-
2,373,616
$2,090,396
of Preferred—
Issue 500,000 Shares
Plans to
>
.
2,738,552
$2,065,712
1,328
14,120,432
—at
wich
^ ;'
2,124,956
$2,255,354
,126,830
taxes_
..
.
.
.
with the four manag¬
H„ J. A., and T. H.
being purchased under agreement
the company, Henry 8ynck, J.
The shares are
ing
.
...
fering
500,000
—
has
decision
ultimate
587,993
and
inc.
income
Net
j5
it
—
contingencies
Fed.
for
Preferred
Corp; (Del.)—Proposed Expansion—
The corporation has contracted to purchase the controlling interest
in New Idea, Inc., manufacturers of a wide range of farm machinery
and implements, it was announced on Sept. 27 by
Victor Emanuel,
of Warren Maenak
company.
Surplus
Aviation
-
income_
and the trustees under the will
business
No
period in 1944.
979.
p.
$5,101,504
59,503
for
compared with $94,652,144 in the same
profits taxes
—V.
$4,691,946
97,247
39,745,127 •34,328,485
4,738,487
3,810,250
accruals
tax
•Railway
The
:!
of Camden Forge, the
plant of which is at Camden,
N, J,, was started in 1902.
The company is one of five or six in this
country equipped to handle a broad range of heavy forgings*
It is
understood that Mr. Howe will remain as President of the
$5,272,470
credits
Prov.
______
_________
income..
oper.
ry.
9,784,126
1,165,056
accruals-
tax
"Railway
Other
exps
oper.
49,393,324 379,112,392 344,647,020
26,415,939 227,119,963 196,044,493
17,363,056 107,145,146 111,196,692
875,842
5,102,156
3,077,350
SB
$2,875,000
Kerlin
D.
7,741,554.
5,961,902
8,664,990
8,607,595
oper.
Income
$
•
•
45,282,363
Net
1945—8 Mob.—1944
1945—Month—1944
revs——
oper.
(N. J.) Forge Co.—New Control—
Corp. announced Sept; 27 that it has purchased
all the outstanding stock of Camden Forge Co., a pri¬
vately-owned company in the heavy forge business. The stock acquired
by Union was held by Samuel P. Howe, President of the company; Ward
for
$13,014,024
Santa Fe Ry.—Earnings—
Period End. Aug. 3k—
'.ifrfv.'
Securities
Union
1942
1943
1944
1945
6Mos.End. June30-*
depreciation
Railway
Camden
'
,1945—Month—1944
1945—8
♦Net
earnings
$173,724
$24,049
$168,503
•After depreciation but before taxes.—V. 161, p. 1650.
Atchison, Topeka &
Monday, October 1, 1945
.
(& Subs.)—Earnings
Beneficial Industrial Loan Corp.
Corp.—Earnings—
Arundel
Period End. Aug. 31—
sw.
CHRONICLE
THE COMMERCIAL & FINANCIAL
1508
s
• -
3
1164.
.
t
^
.f 1'
-C
The
Guaranty
transfer
.
\ ;
'
wl
C
Central National Corp.—Transfer Agent—
•
agent
Trust
for
Company
common
of
stock.—V.
New
157,
York
p.
has
1806.
been
appointed
'
-''-
v.
■
&
■
:t ^f;-V»vY:y.,;
■y
Volume
Number 4425
162
Central Vermont Public Service Corp.—Earnings-^
lp
;
Period End. Aug. 31—
Operating
Operating
1945—Month—1944
•
revenues
expenses
...
1945—8 Mos.—1944
$363,457
$2,972,791
$2,801,130
Y 300,534
261,535
2,040,820
1,949,253
$101,922
$931,971
$851,877
2,319
5,130
$934,290
$857,007
189,581
195,473
Gioss
Gross
$71,606
^
taxes
and
on
income
of
Pfd,
of
stock
24,330
10,000
'
!
22,000;;
-
income...
oper.
.l l
sinking fund debentures, due Aug. 1,1960, to Mutual Life
$610,732
$575,194
255,184
1261,946
63,989
81,611
>93,476
>
i
Co. and Metropolitan Life Insurance Co., at
Proceeds were used to retire $2,-600,000 4% sinking
fund debentures and $400,000 was added to working
capital.
?
*,*''/*"
•*
* ^
/.
Insurance
1942
1943
119,525
—
$512,308
#
par.
207,123
,
68,157
,«
Prom January 1—
railway.—t
from
ry.
4,430,189
4,742,064
4,204,121
1,481,628
1,916,002
l,7b9,844 1
1,564,584
income—
629,397
655,073
Transfer agents;
4,024,829
railway—
from
Net
oper.
206,000
87,600
—V. 162, p. 981.
.
659,667
Trust
and
537,603
Guaranty tfTrust Co., New York, and International
Registrars: Marine Midland Trust Co., New York,
Bank; * 4
' *
'
Co., Denver.
Denver
National
',
tion
172,000
$65,354
$56,475
$485,109
$455,534
13,092
18,928
104,735
151,424
require.
Balance
$52,262
$37,547
■
$380,374
$304,110
980.
p.
Funded Debt and
Indianapolis
Chicago,
Cr26,000
div.
162,
ry.
.
Gross
disct.
income
—V.
$102,805'
1509
amorti¬
debt
expense
Net
•
$71,819
__
22,465
Acceleration
zation
883 " ?
1944
$534,912
railway..
railway
from
Net
income
Deductions
Fed,
'
-.i'l 213
Net
## N-"
1945
.
from
Net
;
Net operating income
Non-oper. income, net-
CHRONICLE
Chicago & Illinois Midland Ry.—Earnings—
August—pp'.p'p:.
•'V
$372,140
...
FINANCIAL
THE COMMERCIAL &
Louisville
&
sent
to
creditors
Aug.
entitled
vote
to
on
$3
will
company
later
no
than
Nov.
27.
-
J
•'
or
'/P
1,
cumul.
Outstanding
;
sinking
fund debts, due
1960___,_i.—$3,000,000
Common
about
Sept, 27, the ICC
has announced.: To be valid, the ballots must be filed with the Com¬
mission or- postmarked no later than Nov. 13, pr, if mailed from out¬
side the continental - United States, must be returned to the Com¬
mission
3%%
15-year
BaUotting^^
Ballots, and copies of the reorganization plan, for the
be
Capitalization
Authorized.
Ry.—Reorganiza¬
pfd.
conv.
stock
stock
(no
$3,000,000
v
70.000 shs.
*750,000 shs.
70,000 shs.
t302,895shs.
C;
par)__
(par
*269,231 shares of authorized but* unissued common stock have been
reserved by the company for- issuance on the conversion of the
pre¬
ferred StOCk.
<.
*
^,
;
(Includes the 101,890 shares of common stock being offered.;
,
.
.
.
The
Central Vermont Ry.
-Earnings-
August—
Gross
1945
1944
$716,578
$762,003
$717,810
112,392
139,243
213,992
213,204
Net
ry.
19,075
43,987
116,168
117,232
Chase
$5,559,221
$5,945,012
$6,125,032
1,339,602
.1,660,789
1,525,553
39,772
594,991
963,794
916,692
1942
1943
titled
From Jan. 1—
Gross
from
Net
from
Net
ry.
railway
income.
oper
to
are:
Holders of refunding mortgage 4%,' 5%
and 6%
of first and general mortgage
5%
and 6%
bonds;
Indianapolis & Louisville Ry. first mortgage 4% bonds and
National Bank, New York, and the Railroad Credit Corp. as
bonds;
vote
—V, 162, p. 980.
—
six Months Ended June 30—
>
special
to
meeting
a
of
proposed
stockholders
increase
in
has
been
called
stock
common
—V.
for
from
Sept.
110,000
corporate
purposes.—
'■
»
;
Chatco
All
of
Steel
the
Chatham
Malleable
&
.
Steel
Products-
Ltd.
(predecessor company) 5<A first
mortgage (closed) sinking'fund bonds
due March 1, 1955, have been called for
redemption on Oct. 10, next,
at 102 and interest.
Payment will be made at The Canadian Bank
of Commerce in the cities
of Montreal, Ottawa, Toronto, and Chatham
(One.), Quebec, St. John, Charlottetown,
Halifax, Winnipeg, Regina,
Calgary, Vancouver and Victoria, Canada.—V. 162, p. 1388.
Chesapeake & Ohio Ry.—Monthly EarningsResults
for
Month
and
Eight Months
$
Ended
Gross
income
Federal
>
17,331,958
income
profits
cess
and
Aug.
dends
242,200
275,992
>
road
,
'■.!
19,289,944 .141,326,917 146, 651,612
(Including
19,077,241
28, 822,475
1,038,624
1,036,242
8,145,295
2,718,310
2,875,773
Net
21,307,828
income
8, 215,723
22,,322,400
Federal
Net
railway taxes
operating income—
2,239,197
2,382,689
17,460,768
Subsidiaries)
Domestic
6 Months Ended June 30—
;"
per
326,759
335,655
2,198,807
2,341,819
17,134,009
18,,221,534
$0.29
$0.31
$2.28
income
$2.42
possible
order.
to
companies
arrange
However, they
position
in
always
are
it
reasons
is
exact
as
always
alphabetical
potato
Burlington
&
Quincy
RR.
Equipment
—
The
is inviting
800
new
for
the lowest
interest
cost
on
$2,836,-
conditional
ten
bids
sale agreements to provide 80%
of purchase price of
diesel-electric passenger locomotives; and cn
$1,046,640 6onagreements to provide 80 % of the price of ten new diesel-
ditional sale
electric units for freight service.
on
Oct.
in
4
Chicago.
Both
purchased from General
The proposals
the
Motors
'•
Corp.—V.
'
,
.
.
!
.
will be opened
and freight
passenger
162, p.
units
to
are
assets
of
be
1943
$8,766,555
The
$1,014,983
$1,426,555
products
share
$1.94
and
and
that
the
sale
Sept.
10,
1945
of
its
interest
in
Transmission
Co. brought Chicago
Corp. a profit
approximately $3,800,000 above cost.
The $10,500,000 received for
the
pipeline brings the company's cash to more than
$16,000,000
against
to
the
$2,642,250 carried
$46,003,000,
common
to
or
$96
investment
in
Tennessee
Tennessee
from Corporation's efforts
of
than
more
30.
Net
asset
preference
a
value
share
has
and
risen
$6 56
a
share.
Discussing the sale of
"The
June
on
the
natural
to
obtain
and
Transmission
share
a
quarter
Choctaw
market
a
for
the
and
gas
enabled
of
interests of the stockholders of the Corporation
cf
a
company
subject
to
to
regulations of the
mission," Mr. Wagner continued.
?
»v j//;
Earnings for
Six
Months
1945
("Interest
&
dividends..
Federal
to
July
1944,
1,
above
a
from
of
1944.—V.
made
before
$1,625
is
the
161,
2656.
p.
?
'
'
,*->
Petition to Buy
—
.
Co.
in
at
June
$166,542
$52,783
556,378
purchase
of
If the $500 in¬
bonds, it will be
the
new
stainless
admin.
Registrar
$1„097,612
$903,603
$600,127
59,614
59,155
64,369
79,806
exps._
and
1,944
e.tc..___
25,910
;
Net
Pp
interest
and dividends
divs.
Preferred
paid...
'Relating
natural
gas
securities
in
to
pipe
and
line
,a
.
■■
'
Net
rv.
—V.
162,
liabilities,
$1,101,40!?.
;c
$441,897
713,685
720^142
705,510
division.
company
$763,810
(Interest
(majority
and
owned).
dividends
(Dividends
from
&
Texas Pacific
30,
from
1944
Farwell,
The
gas
gas
common
stock
$541,330; total, $37,208,768.—V.
162.
($1
p.
par),
$3,317,477;
$19,350,262;
1389.
'
income
capital
sur-
surplus,
883.510
,
■
such as seeds,
the business of
com*
both),
of
one
and
nine
155 country more-grain
or
bean
warehouses.
'PP
*
„
For
25.736,537
24.215.575
10.427,249
11.588,059
3,347,853
4,145,883
are
&
from
Net
&
ry.
sider
,
>
10,107,508
;
- :
.
10,020,084
83,586,945
r
"
or
view
that ^company
of
Co.-.-
had
,.
;v.:
ry.
-iUi
Simons,
Sialo,
2,500
Roberts
Co.
Sullivan
&
E.
3,000
Noel & Co
&
6,500
3.000
Co.____.-^_—-
Wood
3,000
&
——
Van- Alstyne,
•Harold
3.000
Hop-
—■W-—
1,000
Co.
1,000
3,OCO
..."
1
;
"
Ry.—Earnings—
1945
•
-
income
/•;
18,796
1,122,134
328 342
74,992
%
34,093 V.;,;*..',
22,930
1,027,101
1942
$156,112
60,520
$129,309
37,110
1943
$152,643
"1944
-
$124,020
40,969
railway——
389.950
1,186,911
466,471
189,765
income-
oper.
154,842
*
261,960
*
.
"
.
'
40,357
P<
i-
railway
162, p. 981.
income
Other
'<
1,206.296
523,905
V.
198,784
„
■
(
June 30, '45
—-
-i
*\.7'
-
July 1, '44
July 3, *43
$42,992,968
$42,627,666
$35,288,315
5,815.425
6,391,147
133,745
114.718
$5,949,170
sales-
from
$3,505,865
——
income
Total
.
—•;=
Income
objected
in
61,255
$5,274,499
3,725,000
4,210,000
3,070,000
$2,224,170
exc.
prof, taxes
5,213,244
v>-
$2,295,865
$2,204,499
$1.30
$1.34
$1.23
.
writing
—
which
.
these
—
1
Columbus & Greenville
and
;
August—
one
share
•Based oh combined 1,717 «76 shares of cl^ss -A-and class B stocks
1945 and 1944 and 1,716,277 shares in 1943.—V. 161, p. 2554, ,
In
substantial
a
profit
♦Earnings per
/
of
our
>
—
3,000
Co
Inc.
Jaffray
Reynolds & Co._
E. H. Rollins & Sons, Inc.-
2,000
.
Operating profit
Gross
and
management of Colorado Fuel wished to con¬
the corporation would be willing to adopt the
Net
from
from
Net ry.
re¬
Gioss
-v. ..••V,.;/''V.. ,v./'
from
ihcome
Net from fail way..
*
-
31,755
*15,979*
•
.
1,088,678
.140,534
©ilpf• income
'
Deficit*—V. 162, p. 981.;
1Q43
1942
$109,503 P $120,427
1944
$152.8"7
' '
railway—
Net" ry-
&
,®?
*3,085
railway—..
oper.
Ry.—Earnings-
1945
$109,593
railway——,
From January 1—
_
Elevator Co.—Stock- Offered—As
issue of Sept. 24 a banking group head¬
Colorado Milling
mentioned in
sen,
Pjper,
--wood^.
-
2,000
Co.
>
oper.
Net
.
the'amount involved was a" "substantial"
not
;t
Adjourned—
the additional financial burden
quested appraisals might entail.—V. 162, p. 1166.
in
Union V
purchase from
Peters, Writer & Christen
15,000
80,576,311
,
appraisal of their stock.
whether
merger
the
and
Shares
20,390
railway
railway
from
from
—V.
1945—8 Mos.—1944
$486,822
$485,007
1945—Month—1944
$61,404.
$6t.O?3
>
adopted the agreement of merger, holders of
and
agreed to
1,000
1389.
underwriters
Shares
Co
&
and
>,
several
has
,26 Weeks Ended-
,
that
•
merchandising
*
.
the
From Jan. 1—
Gross
special meeting of stockholders scheduled for Sept. 24 to con¬
proposed merger of this company with the Wickwire Spencer
was postponed until Oct. 2.
■
William A. Maxwell, President of the Colorado company, stated that
"har^ildprs
of WiHcwire Snenrer at. the, special
meeting on
directors
each
from
Gross
Co.
added
been
'
-
-
-
follows:
as
Chapman & Co.__
Net
the
the
-
through
have
company
commission,
'
-
of
:
August—
The
snares
of the
States.
Columbia Broadcasting System, Inc. (& Subs.)—Earns^
(no.)—
1166.
an
grain
;
.
Weeks
p.
Net
of
the
in
•.
&
Federal income and
Steel
United
country.
retailers^^
elevators and
3,146,599
income—
981.
surplus—,-.
p.
to
products
the
which
stock
Milwaukee
Gross
8,228,143
3,049,427
sold
mills and
,"N
19,192,031
23.855,603
8,291,888
*
parts of the
wholesalers,
various
are
ine
years
names
Davis & Co
Net
Colorado Fuel & Iron Corp.—Meeting
that
many
in
feeds
Colorado & Wyoming
453,820
railway*.—
some
trade,
mill
>
such
Cook
.1,345,434
615,560
passengers
;
flour
and
sections :of
Corp.
—V. 162,
$2,081,528
1,431,930
of mills are generally marketed under
of which are well known,
par¬
group
names,
engaged
Newhard,
1942
1943
$3,034,579
;.
^
15)15
payable, $18,733;' reserve for taxes. $902,360;
$295,813; convertible preference stock (469,340 shares
5a^^W»3L;SBCUrit* proflt surPlus-
is
of
Coughlin
Ry.—Earns.
386,167
">
5
Balance Sheet, June
'
(Lossl
freight-out.
consisting
or
through certain of
all
Collins
Jullen
$3,260,961
1,239,708
162,
/He
<$937,567
704,760
gas
1
•
than
$11,746,000;
regular
776,557
to
number
Liabilities—Accounts
par).
in
323,781
p.
Sept. 20,
those included below as
relating to oil and
or below cost
$7,459,407; net assets relating to oil and
division. $10,472,307; other assets, $1,688,517;
total, $37.208;766: ■
no
placed
Cincinnati Street Ry.—Earnings—
24,423
division, at
other
be
$2,699,075
oper.
54,000
$2,642,250; ; tl, S. Treasury certificates.: $3)000,000;
securities, other than of majority-owned or associated
companies
at
or below
cost, $11,946,286; securities of majority-owned os
associated
other
to
income.-
railway
from
Net
21,424
Assets—Ca«"h,
companies
New Orleans
1945
from
Gross
54,000
-AV
general portfolio,
'yp":P
■.
oil
Rocket Freights
From January 1—
78,000
■
(858.208
1,515,048
; ' 416.106
owns
Boettcher & Co.
15,000
A.- C.' Allyn As Co., Inc-w-. ;A,500
Ames. Emerich & Co., Inc.
3.0r0
Central Republic Co. (Inc.)
6,500
Don A, Chapin Co..—
1,500
streamlined
steel,
oper.
demanded
Net inc..from
fleet of
railway—
railway
from
ry.
22.889
190,400
in
or
family
mixed
-
designed,
Net
1,455
transfer
fees,
agehts'
Taxes
a
from
Gross
mill
brand
the
and
Paul; H;
freight service, with
announced on Sept. 21
August—
29,476
$1,377,332
,
and
973,421
14,958
103,350
452,949
131,792
•
(Colo.), which merchandises grain, feeds, seed, and other produc£^
Weiser, Idaho, and Updike Grain Corp. (Neb.), which has itSi^Rce
Omaha. Neb., operates a terminal grain elevator at Council Bluffs,
amount
like the Rock Island's fleet
passenger
trains, will be powered by
high-speed Diesel locomotives.
Mr. Farrington explained that the Rocket Freights, equipped with
radio of latest design, will operate between principal centers on the
Rock Island's 8,000-mile system
and will connect with the through
transcontinental service of connecting lines.—V. 162, p. 1278.
The
of
specially
520,561
294,442
357,099
3,782
.
each
in
Securities
$48,634
470,947
458,170
station
warehouse,
Underwriters—The
system at an early date.
fleet of fast Rocket Freights,
—V.
438,049
income..
income
and
for
Rev.
1942
$1,008,757
47,444
200.644 *V,"873,59l
company
Iowa,
price.-
Period End. Aug. 31—
3()
1943
(each
grain
storage business.
the
on
sider
Total
Gen.
new
complete
are
Com¬
745,760
21.563
income
Miscellaneous
entirely
Balance
Ended
;
allowances
-
Net Inc.
$438,248
-
404,543
.
31
Income
presently-has the following four subsidiaries^ all of
which Are wholly-ownedr
The' Subset Milling & Grain Co. (Colo.),
which operates a feed mill and elevator at Los Angeles, Calif., and
merchandises
feedS;
flour,
and
grains;
Rocky
Mountain
Grain
<Se
Commission Co. (Colo.), which is-engaged in the grain commission and.
merchandising business in Kansas City, Mo.; Weiser Grain & Feed -
Plans New Freight Service—
owner-.
Power
discounts,
channels.
The
the $1,762,000 outstanding bonds.
on
payment
An
r,:
1944
$171,769
t Dividends
■"Net
discontinue
1,618,398 >
V 869,055,
1,015,302
consumers
other
Memphis RR. at $1,625 for each $1,000 bond.
Under a
previous order the trustees will distribute $500. to each
Choctaw & Memphis bondholder for interest accrued from July' .1, 1934,
reserves
underlying its properties in Texas and at the same
company to render a useful service in the
interest of
the war.
These objectives have been
achieved
"Certain decisions of the, Supreme
Court, upholding rules and regu¬
lations prescribed by the Federal
Power Commission with
respect to
other
companies
appear
to
have
the
effect
of
extending possible
jeopardy to the return available from the sale of natural
gas owned
by the company should ownership of the
pipeline system be retained
Under the
circumstances, the directors felt that it would be in the best
time
prosecution
1,448;&60
a
of
marketed
to the domestic subsidiary
nominal amount are admitted. '
resulted
large
977,203'
(843,250 1
&
Cincinnati
Co.
548,205
(1,245,052
Individual
ticularly
ended June 30, 1945, net income was $504,623, or
as
compared with $500,987, or 98 cents for« the
quarter
cents
damages
no
as
Gas, Mr. Wagner said"
Gas
1,074,235
the company
Commercial
of
service
Gas
to
their
$3.21
$1.99
$4.76,
of
$1,447,005
690,375
848,809
May
Taxes
on
•
merchandises its flour, either - directly or through
wholesalers, bakers and large commercial users of flour, '
some
extent
directly to local grocers and consumers.
The
$999,741
the accent on speed and
dependability, was
by J. D. Farrington, Chief
Executive Officer of the Rock Island Lines, as he revealed that plans
Tennessee
upon
predicted.
to
Hornblower
and
Ended
987,916
company?
brokers,
approved a petition by Aaron Colnon, trustee for the road, for authority to purchase-by Dec. 31 out¬
standing first mortgage 5% bonds, due Jan. 1, 1949 of its subsidiary
■
$83.83
Years
Before
Utah, California, Nebraska, and lowa,.;^.
v
litigation decided adversely
company
deducted
on
respectively.
Mr. Wagner disclosed
or
addition,
U.000,000
Subsidiary's Bonds Approved—
the
share,
divi¬
depend
be
12 commercial feed mills, which are
operated in conjunction with flour mills or country elevator stations.
The principal .operating properties of the
company and its subsidiaries
are Jocifced in the States of
Colorado, Idaho, Kansas, Missouri, Oregon,
Corporation increased to $$2';008,843, or $5.55 a
June 30 from $36,754,323, or $3.97 a
share, a year
earlier, Richard Wagner, President, states in the semi-annual
report.
The coverage of the
preference stock rose to $89.41 from $78.23 on
June 20, 1944.
The year-end figures were
$39,386,098,
common
inc.
$1,340,344
276,135
stations
elevators,
9,037,000
—
common
patent
terest
tO
:
Chicago Corp.—Semi-Annual Report—innom.
Net
noon
116'5.
'
.:
at
Earnings,
grains, beans and miscellaneous merchandise,
bags and coal.
Company is also engaged in
elevator
Federal Judge Michael L. Igoe has
company
and
Taxes
returns,
4,2*89,000
Chicago, Rock Island & Pacific RR.
Chicago,
will
now
The company owns and operates 21 flour mill
properties,
335,320 shares of common stock.
on
corresponding
Financing—
thereof
which
storing, grinding, sacking and Cleaning beans, grains and other
(6,340,000
taxes-|
amounts as
Sep¬
modities for farmers and others.
^
taxes.
:
History and Business—Company is engaged in the business of manu¬
facturing and selling flour and feed and of buying and selling wheat,
other
operations of all foreign subsidiaries are excluded.
provision has been made for the possible liability in connection with
99
alphabetical
near
per
"Based
For
possible.
as
prof,
exc.
—
Note—Results
sales
not
&
contingencies.
profit
certain
mechanical
for
•Earnings
1389.
NOTE—For
Federal taxes
before
and
1945,
,
Net
40,870
share.
com.
162, p.
profit
Provision
No
.
"After
<
1945
1944
$5,288,741= $10,051,983
such
canhot
amount
Oper. Profit
25,756,263 A
18,945,204
17,162,257 '
.
1936
18, 557,189
—V.
/
1937
,
•■
.
1938—
Chicago Pneumatic Tool Co>—Earnings—
1944
40,390
the
circumstances
15,127:926
19,069.657
1935——
the
in
1^,263,407
The committee
proposes
to list on the New York Exchange only
$59,515,000 of first mortgage 4% bonds, series A, due on Jan. 1, 1994;
$57,256,000 of general mortgage 4>/2%
income bonds, series A, due
on
Jan. 1,
2019, and $51,422,100 general mortgage 4'A# convertible
income bonds, series B, due on Jan. 1, 2044.
:
£2 J;-ii
.
Securities to be issued by the voting trustees under the voting trust
agreement and listed on both the New York and the Chicago stock
exchanges are: preferred voting trust certificates, representing 1,127,740
shares of series A preferred stock of the reorganized company; and
voting
trust
certificates
representing
2,(23,214 shares of common
stock of the reorganized company.
The^committee said the securities
would be listed at $100 par.—V. 16"2rpT 1165.
of
at Chicago has granted
stock,
common
14,612,385
1939
Other
Earns,
well 'as
as
rand
$20,926,205
permission to apply to the Interstate
Commerce
Commission for authority
to issue securities and to list
securities on a "when issued" basis on the New York and the Chicago
stock exchanges.
#
*
$
v
paid
1941
committee
Net
....
be
1940
zation
4,035,864
appropriations
Balance
to
surplus
the
on
•Gross Sales
the reorgani¬
1,484,377
Sinking funds and other
dividends
conditions
1942—
Judge Michael L. Igoe
within
fix, at regular quarterly intervals, March, June,
December 1 jn each year, but whether or not such
Summary of Sales
Securities—
Federal
maturing
203,578
In
1945—8 Mos,
will
future
1165.
p.
banks,
may
and
Chicago, Milwaukee, St. Paul & Pacific RR.—To List
ex¬
taxes
1943
•
-
31
$
1945—Month—1944
A
1944
$18,683,994 $17,239,936
•
A
Products, Ltd.—Calls 5% Bonds—
outstanding
162,
future
board
tember
Net
shares
shares of $1 par value, to eliminate
pre-emptive rights of
holders except as to additional common
shares, and to eliminate present
cumulative voting provisions in the election of
directors.
Purpose of
the charges was stated to be to
place the company in a position to
finance acquisitions of
properties or securities whenever appropriate
opportunities become available, and for other
151, p. 3555.
declare
the
.
to
payable
in the aggregate amount of $4,000,000 at May 31,
1945.
year,
to
21
300,000
V.
1945
•
2—$20,616,302
.
Profit after prov. for Fed. inc. taxes
Central West Co.—Plans Stock
Changes—
A
1165.
p.
indebtedness
Initial Common Dividend—The directors liave declared an initial
dividend of 1614 cents per share on the common stock, payable Dec. 1,
1945, to holders of .record Nov.
15, 1945.
The directors expect to
Chicago Mail Order Co.—EarningsSales 'J
consider
promissory notes.—V. 162,
had
company
$7,250,000 at Sept. 5,
holders
holders of the company's secured
railway
one
$5,351,018
739,587
income
oper.
The
holders of
railway
railway
from
plan, which has been approved by the District
ICC, will be submitted to four classes of creditors.
En¬
the
and
$710,792
from
Net
reorganization
Court
37,948
"■
#.
''
' 9,345
'
-'
1,065,345
^
•
-
186,011
70,739
24.987
3.039
2,235
.!s;r
"
l
.;
•
>
-
10,984
? j
935.261
118,841.
30.457
859,508
113,552
30,318
'
and including Hornblower &
Weeks and Boettcher & Co. on Sept. 18 made a public
Columbus & Southern Ohio Co.—Seeks Stk. Approval
offering of 101,890 shares of ($1 par) common stock at
$13 per share.
The' offering does not represent new fir
nancing on behalf of the company but consists of a block
of stock owned by Union Securities Corp.
Debentures Placed Trivately—-The company recently
The compahy and the Continental Gas & Electric Corp. in a joint
application-declaration' Sept. "25 asked tile SEC to sanction a proposal
by Columbus to refinance its outstanding first preferred 6%
shares
and its series B 6Va%
preferred shares at lower dividend rates. • ■*
The
refinancing would be achieved.-- Columbus stated, through an
offer to present holders of the securities to exchange their rharcs bn *
share-for-share
basis
for
cumulative
preferred stock.
4V4r/'
series.
ed by Paul H. Davis & Co.
sold
•
privately
an
issue
of
$3,000,000
v
15-year
3%%
If
the
exchange plan
becomes effective the company
will redeem with
THE COMMERCIAL & FINANCIAL CHRONICLE
1510
all
funds
treasury
that is
stock
deposited for
not
Continental Insurance Co.—Semi-Annual Report
v..
.
asked
Columbus
outstanding
the
exchange,
to
Commission
the
proposed
or more old
6 Mos. End. June 30—
transac¬
the
approve
Underwriting,
which will become effective if 100,000
preferred
shares, are deposited for. exchange not later than Oct. 22, since the
company desires to complete the exchange in time to avoid conflict
tions,
Increase
Victory Loan drive. •
'
f.,„
Ba,a
proposed refinancing is preliminarj', it was stated, .oi the sale
other disposition by Continental of its holdings of 148,8J1 shares,
99.17% of the common stock of Columbus in compliance with an
,
.
The
or
or
SEC
of
order
reserve
1
7,870,859
Expenses
Aug. 5, 1941.—V. 162, p. 780.
5,955,101
and
-
1944
190.841,000
190,308,000
177,493,000
185,582,000
176.550,000
8...
Sept.
IjsL.-*r-U—-
164,851,000
J.-—
Sept.
175,952,000
1
-^V, 162,
1389.
p.
*
$322,603
$1,127,631
1,911,718
Inc.
and
sales
on
and
bonds
5.2
Dr 16,591
of
7,827,770
14,546,758
76,345
94,656
of
Federal
The
weekly kilowatt-hour output of electric energy of subsidiaries
corporation adjusted to show general business conditions of
territory served for the week ended Sept.
20,
1945, amounted to
235,738,728 as compared with 254,702,199 for the corresponding week
in 1944, a decrease of 18,963,471, or 7.45%.
♦Loss.
this
Period End.
1945—Month—1944
Aug. 31—
$
Operating
Deprec.
Prov.
Gross
2,197,894
amort.
takes
4,335,769
lijcome..-
Divs.
stock
3,167,323
38,762,864
1,190,211
pfd.
on
1,325,477
14,976,137
372.697
928.214
164,621
deductions....
193,017.
1,999,989
1,999,992
Divs.
.Net income...
v
162,
Sheet,
June 30,
Continental Motors
.11,333,124
Nast
directors
share
holders of
per
of
60
May
record
cents
no
Oct.
declared
20
value
par
1.
share
per
and Nov.
15
Sept.
on
This
made
May
162,
dividend
stock,
common
with
compares
on
1944.—V.
15,
special
a
11,608,784
payable
special
a
last,
15.
of
and
50
65
Oct.
cents
15
Corp.
each
cents
ties
•»
on
:
Earnings
—V.
after
per
162,
taxes
^
:
$3,705,390'
$2.74
said.
for
p.
*
162,
1944
$219,102
per
$125,314
323,000
323,000
323,000
$0.68
$0.39
$0.48
stock—
com.
share
Period End. June 30—
Net
profit after chgs.
Fed.
income
:
"•
•
•
"
'
i
••
-♦After
1945—3 Mos—1944
taxes.
IV.,
MOS.-+1944
1945—6
$561,679
277,500
250,000
share...
$0.76
$0.87
$1.68
$1.85
26 announced that system output of
purchased) for the week ended
and
1945,
amounted to 168,600,000
the corresponding week of
of
electricity
?
E.
P.
May>, .3942,
1944,
amounted
Sales
in
Manager,
formerly
entire
decrease
a
of
1.4%.
Local
Mr
to
of sales
of
Vice-President,
his
in
duties
for
1932
Sept.
on
The
with
resigned
Westchester
and
Assistant
York Edison
to
Co.
the
and
those
companies
Consolidated
:chgs„
Fed.
but
after
bef.
normal
1945
taxes
tax
♦Earnings
and
162,
r*
-
Prov.
lor
in
charge
and
became
Net
728 327
on
162,
-
$423,628
Net
$245,704
T& $0.61
$0.63
-V.
162,
stock,
..
'
"On
$9,108,301
2.648,275
2,648,275
2,648,275
2,261,199
2,261,199
2,261,199
2,251,199k
$2,693,967
$2,633,813
$4,199,327
$1.97
$2.19
$2.16
$2.85
2,000,000
shr.—
com,
$495,000
over-provided
in
respect
deducting
of prior yeafsl'
debt
retirement
post-war credit of 5143.400 and
of $205,000.
tAfter deducting $378,177 for excess profits tax:
credits/ < representing debt retirement credit of $161,626 and post-war
credit
$2f6,551).
§Aftcr deducting $237,000 for excess profits tax
.(representing debt retirement credit of $101,000 and post-war
refund, qf
credits
refund
of
$136,000).
Consolidated
Balance
30
April
Sheet,
1945
hand
on
S.
and
Treasury
Dominion
*:
of
tax
deposits—T
notes
Canada
and
Victory Loan
accounts
1944
$
7 .178,223
5,813,563!
5 ,657,084
demand
2,792,613:
1,,012,191
bonds
900,000
9 ,167,210
accounts
9,320,905
16,,399,507
receivable
18,590,497
—
receivable
assets
628,746
-
622,036
charges
070,96ii
5.891,997
-58, 504,465
r
60,386,238
6,
1, 087,709
840,850
105,705,098
105,163,700
-
excess
profits
162,'- p.' 669.
said.—V.
794,134
9,233,156.
„
$225,815
$3,656,272
Net
on
Feb."
0
—V.
_
.
_
in tL ZnlV*?™, act.ive servlce
shares,
after
for
$0.63
$0.89
Corp.—Produced Nine
and
taxes
these
The
with
effective Oct. 1.
aa
11,305,995
,
4
California
after
depreciation
.1
the
at
one
one
rate
share
The
24,916 '' ^
$1,044,293
651,230
50,000
'
26,299
-*
p,
•Mr^.
the.
Co.—Sells Mount Clemens Plants-,
of
Idaho.
location
stated
field
After
of
an
that
dried
of
the
The
•
'
ther"purchase
additional
dried
goodwill,
of'America
in
6,187,822
8,667,774
10,650,664
$397,721
per
com;
charges
March
had
of
132.
$1,482,517
$1,793,164
$2,170,731
Nil
$2.43
$3.12
$3.96
share
but
Federal income and excess profits taxes
ton 444,698 common shares.—V. 162,
before
c
.
--V.
.
for Federal
.
..♦After
through
at.
336,600
-
*
.
July 30—
.
;
1945,
$112,124
S
,
per,
.
charges,
2785.
including
Federal,
*
.
income
,
$0.64
>
,
1943
.
$102,535
.124,151
$0.83
248,329
—' $0;45
shares.._—_
share
all
$130:868
\
and
;
_
excess
$89,590
124,450
$0.72
profits
.
Dayton Power & Light Co.—To Issue New Bonds—
joint application to the SEC, ^company and its parent, the
Electric Corp., outlined proposed transactions to imDayton's capital structure preliminary to its> separation irom
the Columbia Holding Company system.
The major proposal involves the issuance by Dayton of a new series
of first mortgage bonds for $28,850,000 and use of the proceed? to
retire $23,236,000 of first mortgage 3%
series moitgage bonds, due
1970. at IO6V2, and $1,337,000 of first and refunding mortgage bonds,
3%% series, due 1962. at 103x!z.
All the old bonds now held by tna,
In
-
at
467,468
—z-Z-L.z.zz—'
common shares
z—---
...
p.
$4,937,446
on -190,798
common,
161,
■
profits taxes.„-
Dejay Stores, Ins. (& Subs.) —-Earnings—
taxes.—V.
'
income and excess
♦Net
profit
Outstanding
1945
i.—i-..---
161, p. 2658.
Earnings
definitely
1945
,
after charges.^—--•—
,T- Net: profit
Earnings :per share
-
.
,
Earnings-for Quarter Ended June 30,
-Z-—I—i—t
—T
trade- *
manufacturing unit of Mutual
the company started erection
milk
1942
2,387,015
taxes—
6 Months Ended
2107.\
a figure of one dollar, it was.
production
milk
1943
$7,670,339 $10,465,938 $12,821,395
$2,784,736
profits
exc.
State
&
Provision
Inc.—Expansion in Utah—
Creameries
milk
powdered
&
Net: profit
$0.23
MeKenzie
purchase
Subs.)—Earnings—
(&
1944
1945
income
Sales'
$347,521
a
entered
America
of
Cunningham Drug Stores, Inc.—Earnings—
,
1*472,90S
s,
$350,000.
Co.
and Pennsylvania income taxes,
799,035
$0.23
for
Steel
—
inc.
taxes
$1,246,556
•
$343,063
City
preferred
3 Mos. End. June 30—
♦Profit
,:v-100,000
1,472,906
Lake
2V2
against a
Fed.
,
$0.30
Salt
shares of common until Sept. 1, 1955.
conversion rate for the first th"ee years has
of the recent market on the common •
market of 25%.—V. 162, p. 1390.
for
second
set within about one point
1,220.257
1,472,906
of
of one
share
been
Net
$444,987
Co.
preferred is designed to be convertible into common stock
share for 3% shares of common until Sept. 1, 1948,
for three shares oi common until Sept. 1, 1951, and at
The second
at
1943
$2,422,131
75,000
marks^dand routes were included for
rate of two-thirds of a share of senior
share of second preferred for each $5
exchange is to be at the
preferred and one-third of a
MeKenzie, President; on Sept. 21 announced the purchase by
plant, equipment and inventories of-Mutual
Creamery
the SEC, are expected to be
already registered with
agency
preferred share, of which 529,655 are outtsanding.
The unexchanged.
$5 preferred will be retired Dec. 1 and the new preferred shares not
accepted in exchange are to be underwritten and sold.
'
•
1,147,960
Co., below,—V. 161, p.
stock to be offered in
filed by the corporation
senior
The
529,970
$0.18
share
Ironer
preferred
have been
<
shares
per
that
by
new
Crucible
1,019,377
37,462' -
prof, taxes, net
of'
preferred
Corporation Commission.
requirements^—V,
:
$1,667,947
exc.
issues
new
$5
Given—
shortly.
preferred stock will carry a $4.20 annual dividend
rate and the new- second convertible preferred a $4 annual rate.
The issues are to consist of 353,103 shares of the new senior pre¬
ferred
and
176,552 shares of the new second convertible preferred.
im¬
1944
'$3,344,023
$4,352,349
1,630,485
,
issues,
new
♦After
1945
two
for present
the
The
(& Subs.)—Earnings—
3d—
shares.
(no par)
26%
dividend r
.
of
terms
exchange
Mil¬
vitally
contingencies""
1
contingencies..—1
Ironrite
S.
Boise,
com-
11,305,995
par)
26,834,319.
215,000
$501,729
this company of the entire
the
,
1,253,992
52,965,500
105,163,700
The
preferred
"
Creameries of America,
this
director' has advised
1,262,093
stock
28,728,746
cleared
Covered Wagon
'
($5
2,000,000
2,000,000
52,965,500
subsidiaries
preferred
Terms of Preferred
161, p. 2658.
See
May°21
stock
2,572,943
1944
shares
common
income
profit
capital
of
G.
" ***> '<» «« the
670,809'
payable
war-time and other contingencies-
of
747,941
1,177,020
105,705,098
$716,729
130,000
564,982
on
income
Earnings
•
each palcl
stocks
,
2657. '
Total
-
contracts
321,137
866,876
1,120,612
♦Represented by 529,655
1945
$11,700,022
2,637,108
pi
Reserve
:
1,360,283
166,824
taxes
cumulative
Common
4,^24,570
1,385,425
expenses-
liabilities
for
♦$5
aand accepted by the Navy, Cornell-
Fed, income la
•
$4,076,474
qt 75 cents ,per share has "been
declared on
$20, payable Nov. 20 to holders of reeoM
and
other
Total
made
plans to produce "nine millions of
capacitors each month."—V. 162. p. 1167.
profit
Operating profit
3,424,818
America—Larger Dividend
Notes
and
Surplus
$353,033
Gross
$7,501,293
"
current
interest
taxes-
accrued
Other
Capital
t;
3,424,818
income
Other
5,233,218
payable
payroll,
Accrued
Reserve
credit
tax
accounts
A.ccrued
tEarns.
8,865,881
15,047,447
$7,081,090
srasssstrs8P.
Trade
$1.35
$483,033
6 Months Ended June
1,020,218 $11,495,309
$12,363,983
509,014
4,414,219
4,861,690,
285,388
paJn?ofJhifd°eSTr^toVrCetiferefident
Liabilities-
1944'
at July 31 last wes $12,722,313,
taxes—.
LCoty, Inc.
$118,866
.«$0.29
1167.
3,571,233
Official Retires—
vacancv
$7,543,287
dividends
Deferred
"Our
'
$511,203
25' L.1??
w"125 cents
?ate t
in lVJ ,^ "*keS
*
The
$7,603,441
,
*$4,050,757'
sales
Other
822,090
V
par
♦4,984,000s
$7,093,085
2,648,275
deducting
Capital
excess
charges-,-
added:
161,
p.
285,388
$178,054
1389.
+3,042,000
dividends
per
Other
105,410
1943—12 Mos.—1944
$4,767,192 $58,707,174
$59,929,575
2,130,750
29,407,474
23,652,262
357,325
stock
Quarterly dividend
common
he
profit after charges, Federal
♦Earnings per common share
No
Container Corp. of
the
and
Federal
Net
$224,276
177,924
-
$820,769
deducts.
—
p.
income
Corning Glass Works (& Subs.)—Earnings—
Earnings for l!$ Weeks Ended June 16, 1945
,
1042
$463,443
pfd.
*3,029,823
Total
1945-
-
income
portant
*
$253,771
1,067^219
income
Balance
-rV.
2,212.877
income
Divs.
§2,479,000
Irfvestments and receivables other than current
Vice-
-
1943
of $2 preferred stock.
amort...
other
Preferred
Subs.)
$1.25
Federal
$5,593,442,
income
Dubilier
Light
elected
183,765
$0.82
$4,829,193
expenses....
taxes
-Gross
Int.
96,847
'3,800,000
Inventories
engineers worked day and night until they felt
they had perfected the units best fitted for this project.
Then, after
specifications had been submitted
1945—Month—1944
revenue
and
(Incl.
81
■
capital
after
He
Subs.)—Earns.
'
$437,536
'*
$329,652
share—i
Period End. Aug. 31—
Deprec.
71,518
4,346,600
750,495
prof.
profit
Trade notes
Mr. Blake rtated that very early in the war the
Navy Department
requested this company to design several types of capacitors to be
in an "extremely ultra secret project."
Consumers Poiyer
Co.—Earnings—
Gross
59,106
4,421,000
468,930
$15,314,821 $20,204,334
312,015
214,686
contingencies-
Common
used
he
was
1389.
(&
1944
$568,366
>On the 400,000 shares
Operating
1
device.
his
Electric
He
later
p.
and
238,714
per
-
Following announcement of the VT fuse by the Navy Department,
Octave Blake. President, revealed on Sept. 24 that this
company had
played
an
important
part
in
the
development of this- important
'
4®Net,profit
:
1936
Co.
all
.surtax u
;
in
Co.-r-V.
Consolidated Film Industries, Inc.
Quarter End. June 30—
profit
68*503
4,128,000
tax__
exc.
.
for
Net
U.
lion Capacitors for the Navy—
General
where
Co.,
United
Edi3on
Consol.
July
_
Cornell-Dubilier Electric
Sellman
give
Vice-Presidnt
The
President
?
Ended
July 31—
Earnings per share
—V. 161, p. 2657,
elected
was
will
Lighting
of Consolidated Edison
of
25
*'
became
New
has
J^°*er Co. predecessors
of
Vice-President
1,041,983
$15,113,371
$
dis¬
Washington, D. C., who left this company
charge of sales activities.
L. A. Scofield,
elected Assistant Vice-President.
N. T.
Vice-President.
Jeffe
Months
company's net working
in
addition
its
post-war
Net
to
was
Assistant
time
is-First
jeffe
•
f
electricity
Sept. 23,
171,100,000 kwh.
kwh., compared, with
to enter military service,
Vice-President
9
depreciation,
Federal
Former Official Returns—Promotion Also
Announced
Brig Gen
Prov.
Copper Range Co.- -Earnings-
167.300,t)00 kwh., compared with
161,900,000 kwh. for the
corresponding week of last year, an increase
of 3.4%.--:v':*
.
tor
"6 Months Ended June 30-
Consolidated Edison Co. of New York
Inc.—Output—
for
:
i..
V.
Net
generated
Can.
Cash
corporation enters the post-war period with the biggest bank
civilian unfilled orders in
itsvhistory, C. J. Reese, President stated.
The
and
$646,806
250,000
The company on Sept.
1942
new
*$3,739,385
amounted 4a
$312,245
277,500
.
161, p. 2657.
tribution
the
as
.
share
per
'
(electricity
soon
;The
of
«.«!
$258,654
per
as
profits taxes and
allowance of proper reserves and charge-offs.
tOn 3,000,000 shares '
capital stock.
lAllowance for Federal itaxes (net) was $11,294,936 in
1945 and $11,571,402 in 1944.
-Earnings—
outstdg..
shs.
Earnings
1943
780.
''*r'i•
*,&
50%
profit
tEarnings
$147,451
! Consolidated Cigar Corp. (& Subs.)
Common
1943
Assets-
large-scale output.
9 Months Ended
♦Net
1945
r
profit
Earnings
&
tAfter
to
modernized
$2.56
Consolidated Biscuit Co.—Earnings—
""-6 Months Ended June
3Q—
—V.
1944
v
.
Outstanding shares of
paid
were
$2,183,611
S.
inc.
is'
and
Wisconsin company's post-war engine output will "include four
V-type model engines with a power range from 8 to 33 horse¬
Earnings
Net
dividends
(& Subs.)—Annual Report—•
-
Can.
♦After
augment the two VVtype models. produced, before the war.
The Continental NsubsidiarV-w said to be the world's
largest manu¬
facturer of air-cooled; -heavy-duty
industrial
engine's.
Since Con¬
tinental purchased control in 1943 its
plants have been completely
1944
$3,904,7-22
_____
share..1.
common
1389.
P.
1945
cash
310,395
interest
&
Earns,
plant facili¬
and sales in the coming fiscal year should
of any previous year in the company's his¬
put in use
exceed those
materially
tory, Mr. Todd
power
Connecticut Light & Power Co.—Earnings—
Income
increased
be
$500,000
The
12 Months Ended July 31—
.
to
be
can
new
Net
of
Production is
*
453.
p.
29.
$98,814,344 $97,833,813 $84,656,362 $86,336,150
510,318
584,277
726,498
1,365,798
Surplus
Subsidiary Has Record
—
plant
facilities
will
cost
approximately
scheduled for completion in January, he said.
to
distribution
Sept.
$13,768,588
taxes
unfilled orders of the Wisconsin Motor Corp., a majoritysubsidiary, are at a record peacetime level in excess of $17,000,000, necessitating an immediate expansion of manufacturing and »
testing facilities to meet customers' delivery schedules,. H. A. Todd, President of Wisconsin Motors Corp., announced on Sept. 24. Enlarge¬
Publications, Inc.—Special Distribution—
the
on
Wo
share
per
Fibreboard
S.
U.
Current
1,653,765
12,006,610
720,614
In
1944.
cents
record
against five centis
stock
were
made
on
2555.
Inc.
etc.
Minority
U.
Peacetime Unfilled Orders—$500,000 Expansion Program
Under Way—
ment
Conde
The
5
708,706
each
of
as
$99,324,662 $98,418,090 $85,382,861 $87,701,948
81,025,763
79,740,255
66,809,774
63,623,174
4,284,480
3,858,807
2,903,691
3,834,103
556,225
747,640
817,505
785,827
income
Interest,
1945
90
premiums,
$29,024,510;
losses
in
process
of
$9,233,467; reserve for taxes and expenses, SI,873,163;
reserve for dividends, $2,000,000; reserve for all other claims, $134,390; -•
voluntary reserve, $1,000,000; capital, $20,000,000; iiet surplus, $82,539,- '
547; total, $145,805,076.—V. 162, p. 7.
1389.
p.
5%
10
of
holders
$13,458,194 $14,071,388 $14,845,891 $19,453,839.
from
Products,
owned
—V.
income
Profit
1,999,992
$88,280,097 $79,917,846 $55,163,457
Liabilities—Unearned
40,724,265
16,128,591
10,594,502
1,185,612
to
adjustment,
of
subsidiaries
Other
net
of expense
Total
Balance
$
2,936,236
Interest
$86,209,369
$134,859,012; real estate, $197,026; agents'
days overdue), $4,225,243;' interest accrued, $252,170;
cash on deposit and in office, $6,143,409; all other assets, $123,216;
total admitted assets, $145,805,076.
17.025,403 212,904,594' 209,283,227
7,669,478
97,651.992
85,366,741
2,214,7^7 25,865,698 25,609,490
3,973,822
50,624,039
57,582,730
7,813,516
expenses
and
for
$
of
20,
dividend
a
20
July 20, last,
1945
Depletion
588,561
1,999,992
Assets—Bonds and stocks,
1945—12 Mos.-^1944
$
17,283,416
revenue.—
income,
oper.
Gross
Cost
15,000,000
June 30_
(not
p.
Depreciation
$90,280,089 $81,917,837 $57,168,443
tDecrease.
balances
Earnings for August and 12 Months Ended Aug. 31
Gross
surplus,
Oct.
Crown Zellerbach Corp.
30,456
tax
dividend declared.
Net
Oct.
stks.
to cap.
surp.
income
declared
made on
Payments
on
Years End. April 30—
sales
13,277,074
76,975
25
payable
was
Net
Commonwealth & Southern Corp.—Weekly Output—
of
April 20, 1945.
20, 1945, and
Other
8,823,510
Sept.
stock,
distribution
during 1944.—V. 161,
of
...$103,797,921
Transf.
Cash
64,253,665
Drl37,924
(net)
Total
-
$3,039,349
80,135,183
(net).
7.2
7.1
value
bonds
$2,328,715
92,345,561
Dr4,113
31
reserves
market
in
Profit
9.1
Dec.
special
on
capital
Jan.
$1,250,784
59,148,902
Crl5,379
$2,555,989
in
directors
the
A similar
2,189,319
surplus,
butter,
(The) Cross Co., Detroit—10-Cent Dividend—
The
on
'$333,535
2,006,112
Incr.
% Decrease
1945
22:
15
$171,751
2,384,238
stks.
173.425,000
Week Ended—
Sept.
Sept.
807,818
606,503
profit..
Total
Net
with last year:
percentage comparisons
2,294,794
$12,966,321 $13,479,754 $13,051,183
6,693,828
6,287,598
8,556,774
5,944,391
6,064,525
5,432,944
investment' income
Net
„
the corresponding period last year.
output totals of the past four weeks
9.1%
decrease from
the kilowatt-hour
1942
$13,859,001
on
Commonwealth Edison Co.—Weekly Output—
are
i
$15,261,115 $14,086,257
2,530,811
$13,997,711
Losses
Electricity output-of the Commonwealth Edison group of porapanles,
excluding sales to other electric utilities for the week ended Sept. 22
showed a
Following
1943 V
1944
earned.
Premiums
Underwriting
\
1945
.
.
.
in
premium
the
with
"
$16,528,523
unearned
" v
produce
and the balance provide ice cream and miscel¬
laneous creamery products.
Since Creameries of America already has
substantial operations ir. this
vicinity, the Mutual plants will be allo¬
cated to the present Salt Lake and Idaho Divisions of
Creameries of
America, Inc.—V. 162, p. 1167. -
premiums
written.
Monday, October 1, 1945
four
a
Columbia Gas ,&
prove
plant with the most modern
plant should be 'in operation
about Oct. 15, the announcement said..
r'r. '. - ■
•Mutual Creamery Co.,
according to Mr. MeKenzie, has operated for
many
years
principally in
the
Mountain
States
and
has- plants :
located
at Giand
Junction.
Montrose, and Hotchkiss, Colo.; Ogden, v. public would be retired this year.
'
Salt.Lake; Morgan, Heber, and Laketown, Utah; as well as Pocatello,
--Another transaction v/ould be Daytoi. s purchase for ca^n iroj?1
Paris, Geneva, and Montpelier, Idaho.
Seven plants produce cheese;
Columbia of th.e latter's investment in the common stock and indentedtype
of
spray
equipment.
The
new
v
•
♦
..>**•.
S Number
«.-...,*,.
.
•
,
of the
ness
^
\
».
-
■>
Miami
Columbia
to
also
-
from
Net
ry.
—V.
162,
RR.
.
*
•
<1
' f
-i.t
,.■•
'
-
k
stock
1943
,1944
;
(
■■
■
1942
1;
$4,609,313
$4,10 j,303
806,157
1,678,224
1,534,161
579,514
1,100,300
33,990,065
8,923,704
5,766,420
6,581,539
3,335,321
'■#
32,109,969
29,974,829
10,443,864
5,833,548
10,140,330
6,139,921
1945
railway—
Net from railway
Net ry. oper. income
1944
1943
Gross
Net
Net
ry.
—V.
1,904,614
2,641,020
2,130,831
668,098
799,619
1,192,166
52,712,406
14,65y,990
8,101,262
54,815,648
loan
Loss
and
Statementsi?
1945
•
-v
int.,
^
$2,166,968
divisrotr—.
of
19,415,623
*
■
$4,783,856
629,844
$6,223,355
Period End. Aug. 31—
Ry.
7,123,658
&
1,724,708
380,824
$6,139,780
3,704,270
978,953
$1,597,442
Net
$1,810,218
Excess
Frov.
and
tax
profits
made
Reduction
66,698,809
3,552.000
11,896,000
—
r
prior to date of impounding orders
9,559,000
provision due to impoundings
Crll,997,000
admin,
Other
from
miscellaneous
utility
operations
263,053
income.
corporate
funded
on
and
unfunded
Other
income
$6,143,978
^Restated,
ciation
war
>
(Including current
provision
reserve,
adjustments,
—V.
162, pp.
and
454,
for
accelerated
accruals
1168.
appropriations
for
all
to
$8,347,578
other
Interest
post¬
income
55,101
20,500'
215,000
Cr52,001
Cr54,477
1945
Net
from
Net
ry.
railway
railway
9,403
*3,424
2,690
*10,131
Net
from
32,772
657,255
649,848
657,789
from
610,878
88.628
70,088
82,427
160,142
railway—
Net
ry. oper. income
■Deficit.—V. 162, p.
$862,766
120,765
26,548
J.9,552
4,421
5
11,082
"4,688
'T_
1
8,435
State
of
hands of
Divs.
on
Net
from
Net ry.
243,000
229,000
January 1
Net
Cr7,23G
176,966
6,087,130
6,375,417
5,527,347
2.279.0C9
2,423,454
3.004,550
1,696,936
2,341,419
1,267,068
1,24.8,803
1,369,757
982.
p.
Shore
August—
public, etc.
stock
$291,483
$372,384
$541,041
Gross
$398,732
Net
of
hands of pub¬
$291,483
—
deducting
$18,915
$372,384
]Ntet
from
Net
ry.
Sheets,
$541,041
earnings in
Aug.
Gross
Net
ry.
—-V.
$333,103
91,655
163,363
142,959
175,346
40,803
56,523
50,605
64,856
31,
securities
cU.
S.
Treasury
Ctfs.
ry.
loahs receivable
Trade accounts receivable
2,873,966
2,846,538
1,530,030
431,823
468,964
492,170
1168
be
proposed
considered
Oct.
2,
amendment
by
'
1945.
to
stockholders. at
The
certificate
the
amendment
special
a
provides
of
incorporation
be
■
stock
A
exchanged
The
from
no
for 2V2
York
New
to
par
$12.50
meeting
for
change
each
par,
be
to
in
held
shares.
Cash
which
on
to
be
to
1279,
of
on
V*
of
business
registration
before
or
share
determined
for
becomes
Oct.
each
shortly
Oct.
on
20,
share
before
1945,
4,
adv.
of
to
excess
held.
The
offering
is
made.—V.
162,
is
pp.
profits
company
has filed with
the SEC
a
be .set
to
/.
which
forth
the
statement
in
amendment
an
dividend
rate
will
to
also
be
the
statement
The
par).
common
in
at
a
are
rate
statement
of
(after
Lazard
and
the
Of
Freres
funds
&
311,913
insurance—
accounts
received
'
"
the company and its subsidiaries, and the balance is to be added
to the general funds of the company.
" <
' >
Directly and through its subsidiaries. Dresser is principally engaged
Sn the manufacture and sale of
machinery, equipment, appliances and
Reserve
tries.
•
the
products used in the oil, gas, water and building industhe four pre-war years, 1937 to
1940, approximately 74% of
of the companies now comprising the Dresser
In
net
sales
made
by
;
ment
gas
group
was
says
(
■
taxes
The
the oil and gas equipment division.
The registration statethat the company anticipates that in post-war years the
division may account for a greater percentage of com-
net
sales
size
of
than
the
in
the
pre-war
years.
•
*
'
'
definite
plan
to
provide
for
diversification
and
integration
products manufactured and for expansion of markets.—V.
t
,
Domestic Industries, Inc.—To
The
cation
,
8%
5%
the
will
4
stockholders will
under
which
preferred stock
preferred
present
stock
holders
vote Oct.
23
...v
i
own
162,
of
p.
other
than
$3,500,000
336,529
1945
206,000
insurance
1,804,855
:
*
gondola and
600
cars,
hopper
100
for
the
162,
v-
■
—
*
capital
S.
276,247
outstanding..
Ogsbury, President,
orders
$36,343,000
of
as
states:
30,
30,
337,032
$0.82
;;,;k $2.06
,
-
'
,
.
1
,
'.
,
\
were $28,042,000 as compared
Since" the above date the sudden
1945,
1944.
the war caused" a flood
1945, unfilled orders are
of
10,
695,054
:?v,
337,032
//
June
June
on
2,502,268
972,143
>
shares
f
$11,926,000 $22,095,000
—
share———
per
<
'1944
1945
i
-
.
t
—*
—
of
terminations
approximately
that
so
of
as
$8,656,000.
This
terminations,
affected
pro¬
the
accuracy
results
of
operations
for
the
last
months
of
1945,
closing
,
and
.
Fair child Engine & Airplane Corp.—Official Resigns-—
West Coast Representative Appointed—
5,300
416.098
416.098
3,200
547,235
89,561
J.
3,200
547,235
792,138
Carlton
formerly
time
to
Adams
$10,708,591 $10,692,837
time
same
&
capacity
Mr.
Ward
announced
the
appointment of Alvin P.
to serve in the
activities of the
Associates, which Mr. Adams now heads,
West Coast representative of the various
of
Fairchild
246.
Ward Jr.,
President, announces that Alvin P. Adams,
Vice-President and a director, has resigned to devote full
management of his various West Coast interests.
a
the
At the
702,577
,
p.
4-
cars.—V.
is subject to further changes through additional
backs or reinstatements.
The terminations received
of
4.648,575
:
5
18.742
5,300
(par value $1 per share)
(par value $1 per share)
^
»
176,181
4,648,575
(par value $25 per share)
surplus since
162,
u
1,161,511
2,076,856
during which time we will be principally concerned with
adjusting the terminated contracts.—V, 161, p. 1654.
%
18,742
,
compensation
stock
f
8,335,196
departments in such measure that it was necessary to close
down all - such departments, except engineering and experimental, to
give us an opportunity of. inventorying the termination work in pro- ;
cess, recording, assembling and storing it for Government inspection,
and preparing the plants for other available production.
Production
was resumed in a limited way on September
10th and it is anticipated
will be gradually increased from now on as conditions justify.
1:--.
Under the circumstances it is impossible to predict with any degree
42,839
42,000
93,961
1945
March 31,
'> L
'
5,935,125
duction
Federal
25,838
31,
<>C
22,170,248
5,710,453
cut
•
known
August—
Gross
Net
1945
„
corporation.
with
will
be
<
..
^
Adajns
Mr.
ry.
income—
oper.
From Jan. 1—
from
from
1943
1942
$217,000
$181,900
36,113
50,922
46,700
*21,368
*
2,743
9,984
1,737,400
1,408,800
686,739
486,191
173,312
Fairchild
William
*
•
Rockefeller,
C.
well-
railway
—
Net ry. oper. income—_
'Deficit.—V. 162, p. 982.
1,828,300
389,998
30,907
265,299
.
364,618'
:
,,,
94,319
rayon
He
1903
department,
succeeds
recently.
who
was
first
employed by
clerk, has been
effective Oct. 1.
a
Leonard
fibers
ment-has
A.
Yerkes,
named
the
General
retirement
business
was
launched
in
1920."
the
largest sales volume of any of the
departments, the announcement said.—V.
corporation
was
has
Contracts
of
est
20
Quebec,
have
luxurious
and
fastest
;
.
filed
with
the
Civil
The
du
162,
p.
Canada.
been
an
amendment to* its
of
Trinidad
stock
Mexico
and
Mora
Power
is
conditioned
.•/
Co.
Counties,
-
•»'
-
will
sell
New
to
,
,
Trinidad
known
Mexico,
.
„
.
the following, trans-
upon
f'
*
.
„
.
all its property in
as the
"Dawson
mortgage bonds, due 1966, and will borrow $207,000 of the purchase
price from a bank or other lender.
(3): New Mexico will use $300,000 of the net proceeds from the sale
an
of
its
property
to
purchase
for retirement
frdm John Hancock 3Va%
'
first
The
mortgage bonds, due 1966, at 101% of par and accrued interest.
of net proceeds
will be used to retire the bonds at a
balance
redemption price not exceeding 104% of par and accrued interest.
(4)'Trinidad will organize and become owner of all the capital
stock of a new corporation organized under Colorado laws, which will
'
,.
^
acquire
.
signed
Lockheed
21,
division, for $526,101.
'•
„
(2) Trinidad, to raise funds for this transaction, will issue and sell
to
John
Hancock
Mutual
Life Insurance
Co.
$300,000 3»#%
first
878.
Board
New
Colfax
Application—
Aeronautics
filed with the SEC* Sept.
^
sale
(1)
depart¬
manufac¬
rayon
Pont
company,
Reorganizatidn
New
The
Purchases Fleet of Lockheed Constellations—
stock of the company.
The'
.* actions prior to the sale:
requested a certificate froiri^the CAB to serve New York City, Poughkeepsie-Kingston, Albany-Schenectady-Troy, and Lake Placid-Saranac
Lake, N.
Y.:
Rutland, Montpelier-Barre, and Burlington^ Vt.j^'and
and
,
securities.,
•
announced
for a new route between New York and Montreal and
Quebec, Canada.
In announcing the;, filing, Captain Eddie Rickenbacker, President and General Manager, stated that the application
Montreal
"" "\
.
du Pont organ¬
Manager of the
:
whose
Eastern Air Lines, Inc.—Files New
The
'
'
plan providing for Federal's sale to J- C. White & Co.,
York, of 20,000 shares ($100 par) common stock of the
Trinidad Electric Transmission, Railway & Gas Co, for $790,000.
The
shares represent all Trinidad's outstanding capital stock.
i
Federal, a subsidiary of Cities. Service Power & Light Co., said it
ultimately would use proceeds from the jsale Jo retire its outtsanding
Mr; May had been Mr. Yerkes' chief assistant since du Pont's
synthetic
turing
May,
as
West Coast,
as
well as offices of A. P.
located at 9126 Sunset Boulevard, Los Angeles,
reorganization
•
in
are
Federal Light &.Traction Co.—Amends
Inc.,
(E. I.) do Pont de Nemours & Co. (Inc.)—Promotionization
Boon
A.
A.
the
on
670.
p.
consultant;
■
railway—
Benjamin M.
offices
162,
and
engineer
Adams & Associates,
Calif.—V.
15,426
2,280,000
aeronautical
Hartsinck,
formerly associated with the United States offices of the Royal Dutch
Airlines, and Moschelle Howard, formerly of Consolidated-Vultee.
,
1944
railway——
$207,100
railway..21,262
from
—
$218,600
from
Gross
Net
Ry.—Earnings
application
The directors have also proposed that the preferred stock be given
a
conversion right by making the preferred stock
convertible, at the
option of the preferred stockholder, into five shares of class A common
box
700
Associated
the
approving a plan of reclassifieach presently outstanding share of $25 par value
will be reclassified into one share of $25 par value
plus one share of class A common stock.
Thus
of preferred stock will continue to hold an equal
,
of
Sept.
(estimated):
ended Aug.
'.L.[
;
J
21,697,958
figure
286,558
Duluth Winnipeg & Pacific
566.
Reclassify Stock—
common
'
»
has asked the Interstate Commerce Commission
issue $4,088,000 of promissory notes to help finance
"A,
ending
•
148,360
328-,946
Total'
•
on
nearly one-third of the class A
183,465
>
-j* l.it
22,907,446
'
$10,692,837
April 1, 1935
Undistributed profits- of subs. Since
Sept. 1, 1943
number of-shares of preferred stock in the company and, in addition,
v
I
'
Dresser group
and the scope of its operations'have
been increased in recent years as result of important
acquisitions of
going concerns, principally through issuance of the company's common
stock.
These
acquisitions have
been
made
in
accordance
with - a
•
+
.
$2,935,381
1,193,909
.241,514
682,117
,
Unfilled
18,640
139,817
—
income
on
Class A common stock
Class B common stock
appliance
bined
'
1942
.
$2,559,577
..
249,073
vf\.
22,781,399
5,628,989
Net profit after taxes
with
35,736
$3,500,COO
periods...
for
Preferred
-V.
649,650
profit before taxes-^-———
No.
497,313
18,640
subsidiary...
for year ended
For* prior
miscellaneous
•
21,389
,
months
Balance
Net
of
.
4
T7"790
417,163
—
banks....
tax
taxes
For five
«
-
1943
1944
$2,879,536
*97,432
railway
of
sales
Net
311,913
17,790
depreciation)-
payable
income
always
•
by the company from the sale of the
ehares $2,100,000 is to be applied to repay bank
leans, $816,000 is. to be
applied to retire preferred stock of a subsidiary, about $1,500,000 is to
be used for additions and improvements to the plants and equipment
.'
59,345
106,105
in
Co.
be
to
1,072,564
59,345
ta3(es (est.)
,
to
not
alphabetical
alphabetical
•
67,519
6 Months Ended June 30—
.
Net
stock:—:
life
for
res.
royalties and
Federal
registraicn
manager
of the
Ripley & Co., Inc., as
underwriting group for the proposed offering.
"Other underwriters
include Reynolds & Co., Glore, Forgan & Co., Kidder,
Peabody & Co.,
•
240,000
J.
capital
value
consolidated
Accrued
The
Harriman
names
stock
registration
established.
cover¬
shares
is
exact
as rtear
:
1945 $
$2,087,562
income
to
-•
6,059,892
payable
to
Earned
SEC—
registration
ing 60,000 shares of preferred stock ($100
expected to be convertible for 10 years into
in
alwaytr
are
it
reasons
companies
RR.^—Equipment Loans—
Earnings
Capital surplus
'
companies
any
(Eairchilds Camera & Instrument Corp.--Earnings^--;
»
Liabilities—
date
1390.
The
240,000
$10,708,591
Notes
price
5.1
company
1168.
P.
54,119
subsidiaries—
charges
Accounts
subscription
>8,8
mechanical
arrange
railway.
purchase
Govt.
Total
of
later
from
authority
'733,162
'
106,105
1,072,564
—
to
effective, shall have the right
1945, for class A stock, to the
the
assets
Deferred
Due
such
or
Dresser Industries, Inc.—Registers with
-
S.
$7,447)'
Patents
on
Stock
close
such
subscribe,
extent
-
the
at
U.
:
&
surrender
value
'
14,9
9,052
consolidated:
share
par
present
Exchange has received notice that, contingent
Upon approval by stockholders at a meeting to be held on Oct. 2,
1945, effective registration under the Securities Act of 1933, and the
making of an offer by the company, holders of class A stock of
record
profit of
portion
in
Investment
will
•
class
(incl.
terminated
Consolidated
Fixed
The
process under
Employees' and sundry notes and
Devoe & Raynolds Co., Inc.—Special Meeting Oct. 2—
Stockholders' Rights to Subscribe—
8,891
14,370
102,249
;/,•>:>. J.
oper.
Erie
5/503,111
54,119
Refundable
to
railway
railway———
from
The
65,142
v
733,162
Invests,
1.436,153
Consoli¬
-
reserves)—__
Inventories
2,766.846
560,784
96,967
93,197
ry oper. income™
2,269,131
Deficit.—V. 162, p. 983.
*
dated
<le$s unearned discount)
receivable (short-term financing trans.)_„
'
566 and
pp.
1,467,119
income
oper.
162,
2,935.806
1,363,159
1
$1,829,537
65,142
-
(after
Net
of
J:
Small
Not
railway
railway
years.
Company
Indebtedness, plus interest)
.
prior
Only
Marketable
January 1—
irom
from
Net
$306,953
174,335
Pet.
82,597
From Jan. 1—
$41,423
-$1,391,550
contract
$349,510
,
Amount
1945
v
1942
$277,055
income
oper.
From
J
railway
railway:
1943
•
—Decrease—
'
"
1944
165,444
■
Net
from
paid
Balance
Claims in
1944
Co.
from
from
Net
*357,309
profit
Notes
RR.—Earnings-
1945
from
Gross
Line
Light
August
Purchased' notes
Detroit & Toledo
kilowatt-hours):
,
■
Elgin Joliet & Eastern Ry.- -Earnings-—
in
139,155
6,070,406
of
-3,596
243,951
121,134
540,049
$535,979
.
18,851
Cash
_
income..
oper.
162,
283,186
56,697
railway...
railway
from
ry.
1942
201,293
thousands
Light Corp
Light Co,
&
'
$637,873
—
from
Net
1943
$709,640
&
&
Power
However^ they
posttton as possible.
306,000
1,175
—
*After
1944
$688,514
115,572
income..
oper.
From
Gross
—V.
1945
(in
1945
NOTE—For
on
sub.
cap<
sub. in
102,338
RR.—Earnings—
$590,762
200,264
Inc.—Weekly Input—:
follows
as
Power
Power
possible
income.
on
/Profit before divs.
& Ironton
railway—.
railway
$597,640
order.
242
taxes
Net
from
$77,265
,
28,818
■
1390;
were
2,959
206,000
—
lic
August—
528,511
'
$1,291,102
215,074
11,863
7,683
2,324
.
Gross
Gross
66,886
system inputs of
appearing ,in both periods.—V. 162, p. 1390.
adjustm'ts of prior
982.
Detroit, Toledo
64,735
The above figures do not include the
not
&
tax
1
stocks
railway..,—
$331,628
52,700
„
.1
From January 1—
Gross
$629,964
40,816
19,497
$1,326,415
24,890
$170,737
24,586
$66,359
p.
American
Electric
&,
property
normal
years
$99,507
$155,984
$1,262,284
v;
'
1942
26,829
.
Income.._
oper.
1943
$75,619
27,547
disposal of de¬
on
preciable
Tax
1944
$93,362
$1,298,868
3,218
,
10,553
>
surtax
S92.811
$167,519
>
;
$852,212
149,561
1
disc.t.
Federal
from
$682,06*7
30,163
$502,412
,j
Sundry
August—
$599,801
12.776
expense
,
Detroit & Mackinac Ry.—Earnings—
Gross
162,
during 1944
,
Loss
5,985,232
2,120,873
Cr57,653
expense
taxes.
$9,368,389
278,606
income
National
tdepre¬
for
and
than
316,764
$489,636
Amort.-of-deb.
retirement
depreciat.on
taxes
1,162,127
20,000
income
1
1945—8 Mos.—1944
783,962
Operating Subs, of—
Total
Net
1,046,937
201,117
$10,975,428 $13,152,784
4,831,450
4,805,206
debt—_
Railway—Earnings—
For the week ended Sept. 20,
1945, the system inputs ^>f client oper¬
ating companies of Ebasco Services, Inc., which are subsidiaries of
American
Power
&
Light Co., Electric Power & Light Corp.. and
National Power
Light Co., as cofnpared with the corresponding week
doubtful
Balance
Gross
Interest
and
$162,880
3,104
income
Ebasco Services
$1,326,323
$1,810,218
Cr20,018
of
loans
$10,712,375 $12,951,667
income.—.
408,551
1
and- accounts
—
Recoveries
income
$1,649,839
exps.,
incl. home office exps.
Prov. for doubtful loans
in
Balance,
206,889
$898,169
Selling &
Con-
1280
pp.
Frank W. Lovejoy* Chairman of the Board,' died in
Rochester, N. Y.,
oh Sept. 16 at the age
of>74,^-y. 162. P. 1168.
;
i'i
transaction-
Balance
65,414,705
.
3,525.000
,
tax
additional
162,
Eastman Kodak Co.—Chairman Dies-
$78,498,183" $93,814,372
surtax
of
$1,326,323
.
•
earnings from utility operations
tOperating and maintenance charges.
by
22
6,207,205
2,036,084
income-
1,421,101
52,397
nancing
*1944
Sept.
on
$9,542,157
deduct'ns
a\id
notes
short-term
Street
$1,230,087
income
corp.
earned \on
purchased
Profit on
purchase
capacity,—V.
1945—Month—1944
$2,747,424
-V,
$691,280
the
$1,179,118
/ .'. 768,089
258,149
3,330,609
921,643
accounts
Subs.)—Earnings—
1945
Gross
.....
etc.,
Depreciation
__
announced
was
'
Gross
division-
int.
»-'■
Ll\
oper.. expenses—
Taxes
;
\
division
loan
revenues
Interest,
Balance
Disct.
12 Months Ended August 31—
oper.
Ry.
\
1,579.200,,i $2,747,424
•
it
/
Eastern Massachusetts
1
$4,540,580
1,439,499
Fleet,
1
64-passenger
1943
V.
^
V) )
1944
Silver
Lines
The corporation is
contemplating
stehations with 62 to
"
;
Great
^Constellations, the first so equipped, will be
powered with improved 2,500.
horsepower Wright Cyclone engines, a
later- version
of
the-same type engines
powering the three giant
Br29s which flew non-stop from Japan, to
Washington, D. C.
15,278,045
8,844,672
Gross
Rickenbacker.
Eastern- Air
small
offices:
loan
Small
,
Normal
the
Captain
—Fiscal Years Ended March 31—
•
$2,796,812
Industrial
Detroit Edison Co. (&
plement
tire proposed reclassification,
;:>/'V'J'
etc. if,-
expenses
47.151,666
3,443,580
four
Cost of products sold &
979,194
50,634,613
982.
p.
and into
1947,
1,
1511
*
-
Other
$6,317,684
income—
oper.
162,
irom
ems.
Total
$7,445,543
11,326,051
Profit
5 Mos. End.
-
Industrial. division
1942
$6,644,978
1,263,788
January 1—
railway
from railway
'
•
Consolidated
■.
Small
$6,093,311
from
4
1951.^-\/4
Aug. 31, '45
From
Gross
,.tr
to and including Oct.
period until Jan. 1,
corporation announced.
.
Delaware, Lackawanna & Western RR.—Earningsfrom
*A»
'"V ''"S
stack
sales
August-
|
* *« **: *»* **
,1
'
Nf© tafcable gain br loss: will result from
the
,
Gross
/'•;'**'
*%
up
ar rurther
'
31,858,716
•
will be redeemable, at the option: of the company,
at $26.50 per share, as compared with the present redemption price
Of $32 per share, which reduces to $30 per share after Feb. 1, 1948.)
« As
heretofore, the price payable in event of liquidation will be the
same as the;tedemption price.,r.
k ,
1
1168.
p.
period
a
lor
The 5%
742,231
;
for
snares
^ '*i
*
\
'
income
w-wV "V'-'r
*
♦:'*p
•
w
.i
'
I
$4,002,571
-
Vr*i.r%
*•»,•.?*>'.<&**V i
THE COMMERCIAL & FINANCIAL CHRONICLE
•
.
Eorp.—Earnings—
328,814
railway
oper.
-
1167.::.;/i
p.
$3,641,095
627,080
From January 1—
Gross from railway
Net
^
«•■»*>.%
1945 .A.X.L-*
,r
from
railway—
Net from railway.,.—
Net ry. oper. income.—
;
•
Co. at a probable cost of $620,964.
make
a
cash
capital contribution ;of
|62,
Hudson
&
.'August—
Gross
•/• *•
to
Dayton.—V.
Delaware
'
f
<
"
»
>,fn\f.«',
Development
proposes
$2,000,000
.
,
~s
v
•at
i
and orders placed for early delivery >
Constellation Silverliners—the world's larg¬ i
land-based1 four-engined
transport airplane—to com¬
sists
of
the
Colorado
rural
electric
property
lines
and
of
Stonewall
other
connected
with
and
extensions
of
Co.
This con¬
assets which are intertransmission and dis-
Electric
utility
"
Trinidad's
tribution lines,
-New Mexico, Trinidad and Stonewall all are
Service Holding Co. system.—V. 162, p. 1391.
part
of
the
Cities
■
V.-
i
•
I
.-
^
f
,
•
,
!r
•■•
•••'
1
;
■
1st
Co.—S.-A. Report—,
Fidelity-Phenix Fire Insurance
1943
$13,243,531 $11,925,273 $11,295,852 $11,313,424
Underwr.
written
prem.
unearned
in
Increase
-
6,420,333
4,524,155
—
——
Expenses
$231,510
$277,634
income-
1,936,279
1,683,184
$2,167,789
75,381,283
$1,960,818
$2,800,378
50,370,859
46,360,302
28,112
93,516
'
surplus Dec. 31—
Profit on sale of stocks
bonds
and
2
Total
<netj—_—
-
Transf.
of surp.
to cap.
Federal
income
tax——
Net
from
Net
ry.
Cash
special
Cr7,304,925Crl2,823,092 Dr2,726,645
£>r3,514
Cr50,514
Z?r36,575
Drl3,357
1,499,996
1,499,996
1,499,996
1,499,995
res.
declared
divs.
—V.
Real
157,350
of collection
Interest and rents accrued
in
Cash
course
for
tax
2,751,565
2,060,313
2,528,900
$5,276,100
294,134
70,388
130.876
36,000
contingencies-
50,000
$244,134
$94,876
$70,388
5,896,204
The
National
94,931,227
Bank
City
for 40,000 shares
V. 162, p. 1391.
of
New
York
been
of $2.20 cumulative preferred
879
1,500,000
1,863,290
1,500,000
1,652,700
Federal
800,000
15,000,000
70,772,642
3,750,000
3,750~b00
Net
70,301,574
62,723,630
94,931,227
Reserve for taxes and expenses
Voluntary
Cash
Net
reserve
capital
—
—
—-
surplus
—
Bank
-V.
162,
registrar
appointed
stock, $50 par value.—
Net
1945
I
Farmers
taxes
taxes on inc.
income
on
(est.)
2,666,280
3,276,313
$976,585
$780,445
$829,339
dividends
of
128,974
318,029
279,056
397,821
398,652
$2.03
shares
common
$1.64
the
Accepted—
shares
which
returned
of
in
deposited
were
their
to
Boston
notes
and
acceptance,
all
return
p.
shares
deposited
possible.—V.
reasonably
as
soon
as
amortization
$502,438;
Judge
Vincent
Electric
Corp.—Stock to Be Sold—
L.
reorganization
the
in
Leibell
'
Corp.
stock
common
is
would
reserves
for
depreciation
patents,
$1;
deferred charges,
and
distributed
total,
$45,915,299.—V.
161,
2786.
p.
circumstances
stock
cludes
Net
2'/« %
series
Preferred
their
said
was
stock,
to
total
basis
12-day
a
holders
of
Gengas
The
period
record
To
Be
order
the court that
offering
the
the
and
offering
date
to
stock¬
trustees
to
bidding and
a
further
written
consent
order
to
report
the
them
authorizing
the
to
sale
on
court
Oct.
on
23
the
they might present at
deliver
to
the basis
or
the
to
accepted
that
Gengas
bid.
Power
and
Light
1945—6 Mos.—1944
Total
operating
Operating
Elec.
expenses
purch.
$5,422,073
revs.—
for
2,519,516
___
resale
Prov.
for
plant,
for
amort,
income
excess
Other
of
Gross
992,733
75,000
467,134
7,200
7,670
14,930
706,725
656,155
$2,276,005
$2,381 146
77,622
63,812
127,784
99,665
$1,383,«61
—
from
342,096
$1,424,759
$2,403,789
$2,480,812
982,247
1,120,808
inc.
495,412
550,631
$888,249
$874,127
in
$1,421,542
$1,360,004
117,700
136,500
189,000
$1,010,627
$1,610,542
$1,545,042
inc.
^
Balance
surplus
charges
reorganization
i£?ranS- Wf-
Reorganization
under
securities
on
Chapter
X
of
of
indirect
the
parents
Bankruptcy
parents.
Consolidated
of
process
which
the
de-
Plan
of
>
Balance
Sheet,
June
Yf 'Including Georgia Power
,
(in
Act),
n°* suchavaliable after consummation of
be
of
.30,
'
posal
supplies,
debt
discount,
call" premium
and
prepayments
expense
in
WW is;ue« $698,737; preferred capital
$81,703, other deferred debits, $250,785; total $49
L
not
deem
possible
its
effects
profits
to
oi
Liabilities—CT«mnn
preferred,
stock,
$7,080;
<3.0(innnr,
stock
1st
(par
mtge,
$100)
no
nnri
$4,000,000;
bonds
3%%
Cfi uin nnn-
have
been
Preferred
to
Stock
be
the
asked
preferred
the
default
New
to
approve
stock
of
series,
$16,500,000-
preferred
100,000 shs.
221,473 shs.
11,995,162 shs.
stock-
stock
*3,000,000 shs.
^
incorporated
was
Delaware
in
June
1928,
20.
organization the properties of the following companies:
of Minneapolis; Royal Milling Co. of Great Falls,
Mont.; Kaiispell Flour Mill Co. of Kalispell, Mont.; Red Star Milling
Co.
of Wichita,
Kans., and Rocky Mountain Elevator Co. of Greati
Falls, Mont.
In 1929, the company acquired the properties of Sperry
Flour Co., with mills in Pacific Coast States and as far east as Ogden,
Utah; of three Oklahoma and four Texas milling companies; and of
upon
Larrowe
plant
Milling Co.,
Toledo, O.
at
with
the
headquarters
with
In
wholly
the
Detroit and its principal
entered the southeastern
Inc., of
at
company
the properties of Red Band Co.,
1
Johnson City, Tenn.
Until June 1,
1937,
by
the
1933,
purchase of
most of the acquired properties were operated
subsidiaries under names the same as or similar to
the predecessor companies.
Since that date the com¬
owned
of
names
pany has conducted its business principally as an operating company.
The names under which the wholly owned subsidiaries had done busi¬
temporarily
were
retained
trade
as
continuity
for
names
in
but their use
has since been largely discontinued.
has only two operating subsidiaries, namely, Washburn
Crosby Co., Ltd., Which exports flour milled by an unaffiliated Cana¬
dian miller for
its account,
and Pacific Coast Elevator Co., which
now
the northwestern
stations in
of the company's grain
certain
operates
states.
The
other
utilize
wheat
from
has
placed
it
country,
of
program,
companies,
to
greater
service
to
Underwriters—The
number
maximum
the
Allison-Williams
in
its
of
shares
Frank
&
Co.
C.
Lee
500
Langley
L.
Rothschild
F.
&
Smith, Barney & Co
Union
2,500
Dean
Witter
Harold
3,500
3,5Go
Corp
E.
1,500
Co
&
Wood &
3,000
Co
1,000
2,500
Woodard-Elwood & Co
3,000
Co
Securities
Watling, Lerchen & Co.—
12,500
&
1,000
2,500
2,500
Co.„_
1,000
3,000
Corp
Statement
3,50f>
3,500
3,000
Co
Higginson
Lynch, Pierce, Fenner
Beane
&
2,500
Kalman & Co., Inc
W.
be
to
Park-Shaughnessy & Co.Piper, Jaffray & Hopwood
1,000
Sachs & Coi
Noyes & Co
Kuhn, Loeb &
underwriters and
the
purchased by each are:
principal
Merril
1,250
Belden;
Goldman,
Hemphill,
the
severally
41,750
Co._—
&
Consolidated
of
Years
Income,
ended
May
31
1945
1S43
$
$
280,839,270
sales
Total
1944
$
Net
of
cost
sales
so
the
customers.
names
of
Phillips,,Co,^
M. Dain
of
sections
growing
an
S. Ashmun Co.—j,
J.
wheat
various
improved competitive position by reason
diversified sources of supply and resultant bet¬
to
access
of
of
effected largely through acquisitions
of spreading the location of its milling facilities
company's
and
231,197,967 217,485,502
265,451,662 264,622,068 202,582,246
expenses—
be
to
two
elect
Instrument
Gross
income
income
Provision
Corporation—Financing and Ex¬
lined
in
letter
a
dividend.
now
holds
dividend.
a
The
of
100
held
Sept.
on
increasing
shares
stock.
shares
21, ratified a pro¬
authorized common
the
of
of
on
such
will
common
Sept.
7,
declaration
receive
\
the
company's
of
for
necessary
will
to
capital
expansion and
the
conversion
to
a
100
'
in
program
a
The
stockholders
virtue
•
increase
for
the
to
By
declare
";
v
>
•
.
enable
provide
the
of
the
who
shares
additional
also
features
100%
a
stockholder
it
to
number
preferred
is now investigating the business and accounts
for years has been engaged-in the manufacture
parts,
a
line
which,
according
to
Abraham
^Blumenkrantz,' President,
will
fit
admirably
into
the
business
of
General Instrument Corp.
It *is planned to issue and sell not' more-"
of
of
a
,
company
which
company
component
radio,
shares
75,000
for
75,000
group
headed
this
shares
by
of
the
preferred
stock
to
provide
the
funds
acquisition
and
for
other
corporate
purposes.
of
Burr
preferred
&
Co.,
Inc.
will
Net
be
underwritten
by
a
38,639
97,641
35,614
8,985,486
11,009,891
9,552,609
6,474,493
5,556,912
1,107,365
income
dividends
1,107,365
2,660,216
5,365,945
1,107,365
2,660,216
2,060,216
1
Consolidated
in
banks
Sheet, May 31,
Balance
and
hand,
on
S.
Treasury
paid
etc.,
expense
less reserves, $1,660,478; inventories, $36,882,695; pre¬
deferred charges, $1,900,144; investments, member¬
and
ships', sundry advances, miscellaneous properties and other assets,
$1,285,573; post-war refund of excess profits taxes (estimated), $1,071,080; land, buildings and equipment (after reserve for depreciation
of
$23,415,090), $24,998,769; goodwill, trade-marks,
power rights, $1; total, $97,162,484.
trade names and
water
accounts payable—
miscellaneous, $874,127; advances from U. S. Navy, $642,871; savingsaccounts of officers and employees, $271,488; accrued interest, $93,979;
Liabilities—Accounts
$5,766,335;
payable—trade,
provision for Federal and Dominion taxes on in¬
taxes—other, $1,548,185; dividend on pre¬
July 1, 1945, $276,841; debenture sinking fund
instalment
due Jan.
1, 1946, $100,000; 10-year 2%%
sinking fund
debentures, due Jan.
1, 1954, , $9,800,000; reserves for general con¬
tingencies, $2,287,637; reserve for war contingencies, $1,000,874; reserve,
for self-insurance, $1,117,804; reserve -fori other purposes, $474,162; 5%
preferred stock (par $100t, $22,147,300; common stock (665,054 shares
no
par), $16,691,960; capital surplus, $8,023,166; earned surplus, $15,047,940; total,'$97,162,484.
pay
roll,
come,
$576,975;
$10,420,840;
ferred
stock
accrued
payable
.
Co-Transfer Agent—
The
City
pointed
as
convertible
p.
Bank
Farmers
co-transfer
1391.
.>
New York City, has been, ap¬
for 100,000 shares of 3%% . cumulative
$100 par "value per share.—V.
162,
Trust Co.,
agent
stock
preferred,
of
V —v
t
••
;
;;
1391.
General Mills, Inc.—Preferred Stock Subscribed For—
Holders of
93,091
U.
Savings Notes—series C, $2,500,000 drafts and acceptances, $3,684,734;
and accounts receivable
(net), $12,157,987; advances on grain
notes
Georgia & Florida RR.—Earnings—
of
1945
$11,021,023;
banking
Following stockholders' approval of a financing and expansion pro¬
on Sept.
21, the directors on Sept. 26 declared a 100%
stock
dividends,' pavable Oct. 15 to stockholders of record Oct. 2, 1945.—
P.
14,954,163
income
Common
,
gram
162.
50,912
16,664,444
Preferred dividends
100% Stock Dividend Declared—
V.
83,545
deductions
for taxes on
purchases,
meeting
directors
16,575,899
15,498,618
Total other income-
payments, according
York Stock Exchange.-—V. 162, p. 878.
%
a
14,903,250
15,387,608
111,010
that
provision
a
entitled
dividend
from
350,000 to 700,000 shares and
creating an authorized
#sue of 100,000 shares of $20 par convertible
preferred stock,
This action of the stockholders will enable
the company, as out¬
a«
premium'on'pre¬
which
Company,
re¬
-
cumulative
$9,900,000
500,000 shs.
$100>
(par
conv.
■
-
These
$587,220;
will
of
stockholders, at
of the board of
necessary
and equipment. $45,966,857; investments,
685- United
W«* $34'683; cash- $724,621; special deposits. $45,receivable
$^79^81^°m»terf1? obhfations; at .cost, $115,000; accounts
$379,581
materials
and
unamortized
$0.91
stock
than
*
1945
& Light Co.)
$41*
ferred
*
pansion—
provide
/■Resulting from deductions, in consolidated returns, for interest and
amortization
Outstanding
$20,000,000
1866.
C.
proposed
event
filed' with
General
185,039
$1,035,949
Fed.
taxes
debentures
History and Business—Company is the largest flour milling and one
the largest package cereal companies
in the United States.
Its
origin dates back to the first Sperry mill built in Stockton, Calif, in
1852, and to the first Washburn mill built at Minneapolis, Minn, in
terment
the
for
Capitalization—New
the
the
as
"Reduction
Effect to. Present Financing
of
Assets—Ca^sh
stock
income
of
in
1391.
7,670
$1,360,947
$060
$0.30
made
does
company
stockholders, also
notice
The
(net)
income
•
37,500
439,491
$1,303,049
been
A university of industry will begin to rise
shortly on 155 acres of
ground outside Syracuse, N. Y., as this company begins the construc¬
tion of its new $10,000,000 electronics headquarters
plant which will
be known officially as General Electric's "Electronics Park."—V. 162,
p.
37,500
296,389
361,735
deducs.
936,372
37,500
taxes
income—
income
Total
462,081
281-1O0
taxes
Operating
Other
165,482
670,392
elec.
taxes—
profs,
73,176
772,896
502,247
acquis, adjusts.
Federal
has
General Electric Co.—New Electronics Plant—
4 ,518,209
124,529
in the postwar period.
advisable,
program
•Inclyding 200,000 shares presently reserved for conversion of 3%%
convertible
preferred stock.
tGiving effect to three-forsplit up.
Total
348,758
~
$0.19
$918,607
1944
26,719
deprec.—
the
as
holders
a
$9 ,812,417
380,015
Maintenance
Provision
to
.
provision
Increase
The
Co.)
1945—12 Mos
share
com.
$603,976
deducting post-war refund.
directors
$5,190,675 $10,388,351
2,210,706
5,009,753
stock
cor¬
cumulative
as
is
the
Georgia
company's general
the
to
other things, to finance future
plant acquisitions, should
future
meeting.
their
Earnings for 0 and 12 Months Ended June 30
(Including
2,422,300
000 of the proceeds from the s^KToftnl^^w stock will be used to
approximately 92% of «he outstanding capital stock of The
Buckeye Traction Ditcher Co., and the balance of such proceeds will be
added to the Gar Wood's working capital.
The dividend rate of the
cumul. ponv. preferred stock, the premiums to be
paid on redemption,
and the conversion
prices will be fixed by the stockholders- at the
a
indicates that
and
one
acquire
registration statement respect¬
a
1,272,100
proposed to market the 70,000 shares of cum. conv. preferred
stock
through a group of underwriters to be headed by Lehman
Brothers, Emanuel & Co. and Blair & Cg
Inc..
Approximately $2,200,-
declaration under the Holding Com¬
expected to be filed with the SEC shortly.
The court's
are
of
public
828,300
$297,864
Underwritten—
It
probably Oct. 11, to be determined by
date,
446,500
$187,006
special meeting of stockholders will be held on Oct. 24 for the
purpose of considering and acting upon a
proposal to increase the
authorized capital stock by the addition thereto of
70,000 shares of
cumulative convertible preferred stock, par value $50 per share, and
500,000 shares of common stock, par value $1 per share.
Gemots
on
a
1945—9 Mos.—1944
A
expected to be made available
are
the
of
beginning
advised
directs
results
rights
shares
30
of
as
proposed
Act
pany
Such
each
for
added
among
1954
cumulative preferred
stock (no par)
Caldwell
board.
trustees
ing the
share
fund
Dillon, Read & Co., Inc.—
76,793 shares
new
one
held.
B,
A or
common,
of
a
excessive.
the public holders of Gengas com¬
probablv receive rights to subscribe
of the Florida Power com¬
will
E,
than
more
per
negotiation
hearing that
and
A
not
the
on
the
at
class
of
taxes.
'
Note—No
trustees.
mon
1945—3 Mos.—1944
$10,605,662 $10,661,488 $31,627,963 $34,144,857
633,506
1,126,164
1,876,076
3,340,907
&
1
'
[" "
;/
inc.
profits
•After
by Florida Power Corp.
The proceeds
are to be used to repay present bank
and
to
meet
certain
construction
requirements for increased
Judge Leibell. authorized
the trustees to advise
Gengas of
consent
to this offering of 396,383 shares
distributable to the
loads.
be
used,
changes
such
due
cumul.
Company
taxes
proiit
Earns,
to
and 142,857 shares to be issued
to be received by Florida Power
loans
Exchange has
will be made to
Exchange.
be
and
make
10-year sinking
ness
of
Electric Corp. common
Gas &
State
and
excess
which the public
stock, class A and B,
follows,
as
Stock
And will
expansions
authorized the listing
list the stock on the
Stock
York
application
Paul
Purpose—Net proceeds will
plant
market
Industries, Inc. (& Subs.)—Earnings—
profit before
•Fed.
would
Net
$9,050,124;
Period End. July 31—
sales
Net
receive
The
Fed.
trade
$20,873,903;
subsidiaries not consolidated, $333,630;
payable
Net
^
a
be
New
and
merchandising,
460,759 shares and trustees of Associated Gas & Electric
get 396,383 shares.
•
be offered simultaneously at competitive bidding in¬
the shares distributable to the trustees under the Gengas plan
would
Corp,
time
surplus,
Gar Wood
Associated Gas &
of
•
holders of General
the
inventories,
the
are
Washburn Crosby Co.
1945
$3,846,767;
notes,
$9,807,819;
30,
accrued expenses,
earned
subsidiary of General Gas & Electric Corp.,
whose plan of recapitalization has been approved by the SEC.
Under
the provisions of that plan 857,143 shares of the Florida Power Corp.
Florida Power Corp.
for
Treasury
June
to banks, $16,200,000;
accounts payable
$5,428,775; Federal taxes on income, $4,651,825;
long-term debt—-due beyond one year, $457,280; reserves and deferred
income, $530,992; 4^2% convertible preferred stock (par $100), $7,500,000; common stock (par $1), $397,821; capital surplus, $1,698,482;
probably before the end
October, of approximately 540,000 shares of common stock of the
corporation ($7.50 par) was indicated Sept. 24 by proceedings bffore
mon
Sheet.
prospective sale at competitive bidding,
The
a
S.
to
and equipment
(after
$3,092,647), $5,931,926;
$45,915,299.
of
total,
Liabilities—Notes
and
162,
of
It
U.
receivable,
and advances
plant
property,
1169.
Florida Power
$3,526,057;
accounts
Balance
post-war refunds of
Federal
excess
profits
taxes
(est.),
$924,643;
miscellaneous notes and accounts receivable, and investments, $168,115;
'
of the shares of the Trust had, prior
to the closing time on Aug. 31, 1945, deposited their shares in accept¬
ance of the proposal of June 25,
1945 for the purchase of these shares.
This was less than the 75% requisite for acceptance of the offer.
The State Street Trust Co., Boston, Mass., has been instructed to
approximately 52%
Holders of
and
investments in
of taking up the offer will, be
favor
>
owners.
Assets—Cash,
stock of Business
per share for the
(Mass.) has failed of
this company of $93
Trust
Consolidated
Bank, New York,
National
preferred stock.
stock
porate, funds
$1.87
share.
common
per
81,925
168,752
318,257
397,821
dividends
Number
Earnings
offer of
Estate
and First
transfer agent and registrar, respectively, and the company's
department and Northwestern National Bank of Minneapolis
the Minneapolis transfer agent and registrar, respectively, of the
Minneapolis-St.
1943
2,425,008
profit
Preferred
p..8.
(Wm.) Filene's Sons Co.—Offer Not
The
the
Co.
Trust
at
conversion
a
New York
5%
$34,425,806 $30,737,167
3,446,725
4,105,652"
3,401,593
800,000
Condensed
J
at
purpose
Common
1944
$33,490,573
profit before Fed.
:.T:3
transfer
acquired
Real
convertible,
this
Authorized
(& Subs.)—Earnings—
6 Months Ended June 30—
Net sales
Common
Total
be
stock
(for
3%%
Fritehauf Trailer Co.
1,500,000
1,211,262
6,507,256
to
Inc.—Registrar—
has
%,'v;
preferred stock, at rate of 3%% per
be cumulative and payable quarterly March, June,
December in each year.
The convertible preferred
and
to
by the share¬
convertible
the option of the holders, into shares
price of $50 per share of common
convertible preferred stock to be taken
at $100 per share*; such conversion price to be subject to adjustment
in the event of certain contingencies.
The convertible preferred stock
is to be subject to redemption in whole or in part on any dividend
payment date upon 30 days' notice at $104 per share to and including
Dec. 1, 1950 and at $103 peiv share thereafter, plus dividends.
City
of
$5,338,200
*
Froedtert Grain & Malting Co.,
18,597,204
5,807,693
900,000
—-
is
the
Listing—The
1943
1944
.
prlviledged to
were
split-up of comipon stock approved
21.
r
Aug.
on
are
convertible
1945
I stockholders
common
Capitalization Giving
19,962,677
of adjustment
dividends
for
last
on
common
(& Subs.)—Earnings—
profit
160, p. 1184.
22,343,122
8,578,343
premiums
process
claims
Other
■! Reserve
■
Federal
after
120,205,369 104,685,675
Unearned
% Losses in
5
-
6,512,959
4,965,850
2,119,689
Net
-V.
137,934
104,685,675
9,900,452
4,668,851
1,573,755
$6,503,400
2,307,732
4,952,250
120.205,369
•'
-
11,061,936
3,318,032
—
three-for-one
annum,
Liabilities—
,
j:
—
751,227
389,314
11,140,017
$1,139,919
624,385
427,102
$1,431,618
company's offer,
Dividends
stock
1942
'
276,754
Months Ended July 31—
Provision
151,476
153,895
4,440,621
123,630
—
—
All other assets
Total
J8?'™®
—
162, p.
Profits
171~407
164,378
—
estate
Premiums
1943
658,532
income—
1169.
86,417,950
2,263,797
3,199,560
balances
Agents'
1944
$1,572,969
railway
the
to
holders
of
644,085
railway-
oper.
the
at $100 per share for one share of the 3%%
convertible
preferred for each 20 shares of common stock held after giving effect
stock
Sales
$
$
96,973,069
112,130,313
stocks
and
$654,123;
Under
subscribe
September
$1,353,893
364,171
income
refund¬
(non
surplus,
earned
preferred stock (par $100) under the company's sub¬
scription offer extended to common stockholders of
record at the close of business last Sept. 7.
The sub¬
scription warrants expired Sept. 19.
The unsubscribed
shares were taken by the underwriters;
are
1943
1944
$
Assets—
construction
of
City Ry.—Earnings—
Franklin Simon & Co., Inc.
6
1945
Bonds
railway——•
from
ry.
June 30
Sheet,
aid
1945
.
railway
from
Net
•Loss.
Balance
"•
oper.
Net
$72,328,087 $64,585,195 $42,375,868
June 30__ $72,850,528
Net surplus
for
taxes
in
property, $523,730; reserve
prior years, $123,769; other
From January 1—
,
Gross
in
income
contributions
August—
Cr8,479,748
Increase
Federal
$27,374;
Fort Worth & Denver
$66,472,643 $53,298,674 $46,615,864
11,250,000
452,894
ICCof stks.'Sfbonds iinet5
additional
reserves,
Gross, from
$77,577^184
—~
-
elec.
loss
estimated
for
reserve
able), $99,585; capital surplus, $1,043,530;
total, $49,144,094.—V. 162, p. 353.
"4,614
127,437
1955,
$269,405;
year
debentures, 3V*%, ma¬
to Rural Electrification
$135,057; long-term debt
accounts payable, $186,989; cus¬
payable
acquisition adjustments, $112,500;
proposed sales or other disposition of
on
$260,237
64,418,309
Total
Net
to
plant
for
profit—
investment
one
notes
serially
200; depreciation reserves, $10,824,199; reserve for amortization Of
$1,058,644 *$1,556,537
1,741,734
1,816,775
Underwriting
Net
due
serial
(2,500,000;
$3,495,000;
2%,
maturing within
$9,912,403 $10,968,219 $10,349,699
5,008,708
7,517,433
5,156,015
4,900,867
4,388,804
4,478,753
$11,175,998
Premiums earned
1957
tomers' deposits, $565,612; Federal inc. and exc. profits taxes accrued,
$237,714; other taxes' accrued,
$270,473; interest accrued, $169,153;
other current and accrued liabilities, $5,599; deferred credits, $643,-
963,724
327,633
2,012,871
to
1946
Administration,
.
2,067,532
premium reserve
Losses
.1944
1945
mtge. bonds 3%series,
turing
'
8 Mos. End. June30—
Monday, October 1, 1945
*v" "ir
:
•,
"
COMMERCIAL^ FINANCIAL CHRONICLE
THE
1512
,
subscription warrants subscribed for
a
total
shares of 100,000 shares of 3%% Convertible
'—-Week End. Sept. 14—
Period—
1945
Operating revenues
—V. 162, p. 1392.
•
o -
1 '
1944
"
$42,800
•••:"% -W
$33,600
'
■
-
A
-
—Jan. 1 to Sept. 14—
1945
$1,529,871
1944
$1,723,280
THE COMMERCIAL :& FINANCIAL CHRONICLE
Volume 162:' Numberr4425
1513
-
JL
"Georgia Power-Co-—Earnings—
>
Gross. ■revemie-"£^:^;^''::$4,204,837 y
Operating
Deprec
amortization
<fc
Provision' ior "taxes—; ';900,563
income
Gross
"382.542
•
•
297,413.;
.•
21. ,755,005
24,750.528
5,850,666
$671,167
$775,052
'
other deducts;--
&
Int.
•
;y
$49,551,096 $48, ,867,707
2,018,358
468,167
877,^89-
10,447,791
$8,502,110; $8, 832,449
3,612,600- k 3, 709,659
i
At
Divs.
162,
$4,889,509
$5, ,122,589
223,005
2,676,064
2 ,676,064
$150,743
$2,213,445
$2,446,525
stock
Balance
-V.
$373,753
$392,510
.
y
'
i
....
•
v.
stores
of
railway——
from
Net
from
Net
ry. oper.
income—_
Net
ry.
income—
oper.
4,502,516
5,074,522
3,080,611
1,671,111
2,557,654
817,028
1,190,113
'
64,936
4,553,068
1,762,415
539,639
railway
from
123,275
>
'
1—
railway-—
from
Net
the
$489,734
$679,663
355,752
231,788
107,064
185,025
196,709
56,606
railway-—
Prom January
Gross
$557,583
469,620
496,134
162, pp. 569 and 984.
—-V.
of
1,
1945
accrued
6 Months Ended June 30^—
Net earnings
Germantown Fire Insurance Co.—Stock
of
series
said
of
E
purchase
bonds
cases
at
will
desiring
interest
Consolidated
»/2%
July
to
4'/2%
be
1,
1947,
annum
per
added
and
patents,
$1;
$10,583,913. ■.jv;.;
from
each
case.
in
to
this
accept
offer
outstanding
Holders
of
by
surrendering
to
The
First
mentioned
at
said
104
I
thereof
such
bonds
unclassified
office.—V.
with
Bank
162,
of
accrued
all
the
interest
unmatured
City
of
cumulated
York,
1945
$3,089,000
1943
1942
$2,915,000
$2,850,000
$2,803,'000
502,336
586,643
634,768
971,610
350,324
417,754
399,147
761,768
24,806,000
5,093,434
3,204,030
23,711,000
23,436,000
19,550.000
5,365,929
6,977,507
4,902,762
3,439,119
4,472,399
3,181,531
August—
from railway
railway-;
Gross
Net
from
Net
ry.
income—
oper.
railway
from
Net
Net
railway
from
Gross
—V.
income—
oper.
ry.
162,
above
Subs.)—Earnings—
1944
1943
1942
$82,501,657 $76,095,830 $75,676,334 $66,108,181
1945
July 31—
——
and
75,846,447
70,115,073
71,123,295
62,334,872
$6,655,210
$5,980,757
$4,553,039
Operating profit
Other
deducts.
(less
33,661
30,512
222,420
income)
for
deprec.
and
of
lease¬
improvements.—
Interest
paid (less int.
806,148
842,891
832,045
767,603
64,207
62,450
80,355
chain
Fed.
Fed.
for
Prov.
profits
inc.
631,000
626,000
540,000
V.
*3,150,000
3,770,000
tEarnings
♦After
portion.
refundable
$765,931
$0.50
1,189,354 shares of
$1,099,032
$0.78
the
tOn
.....
to July
subsequent
effected
company
.
reflect the changes in the capitalization
not
statement does
The
1945.
31,
of
During August,
150,000 shares of 3%% cumulative preferred stock ($100 par),
sold and the entire outstanding 348,833Vi shares of 5%
cumu¬
1945
were
and
Charles S.
the com¬
July 31
-
1944
1945
Assets—
value
Sex. P—at redemption
U.S. War Savings Stamps (for resale)
Accounts receivable, claims, etc
inventories
34,762
1,047,110
surrender value of life
563,294
29,200,138
26,591,767
1,807,388
,
directors
the
distribution will
an
be
made
on
Oct.
for
delivery
1
to
holders
preferred
1,710,071
923,000
1,273,000
insurance
portion of Fed. excess prof, tax—(est.)
to and security deposited with land¬
lords—to be repaid over a term of years
Real estate mortgage receivable
Sundry accts. and invests.;
funds in closed
Refund,
of
record
Sept.
300,163
56,000
67,000
36,574
34,894
Advance payment on purchase of property
Land, bldgs. and impvts. less reserve for deprec.
Furniture and fixtures less reserve for deprec-
228,505
10,303,035
10,366.218
3,425,185
4,214,564
5,058,744
5,561,897
1,878,489
2,058,083
Alterations
amt.
is
impvts.
and
(less
balances
restricted
and
to
leased
being amortized over a
of
excess
the
of
term
the
(this
period not in
props,
leases
involved)
—
Prepaid taxes, rents, and insur., supplies, etc.—
Total
$63,260,042 $63,569,486
-
Liabilities—
Accounts
and mortgage bonds pay¬
Real estate mortgages
able
within
Accrued
one
306,794
taxes
after
one
1,691,214
3,415,983
5,514,660
income—(estimated)
on
4,617,029
year
;
.
Louis
other
.
and
Kansas
the
City Terminal
Ry.,
and
over
certain
lines of
granted authority to Gulf, (a) to issue not exceed¬
of common stock (no paf), and $22,675,000 of
(b) to assume obli¬
gation and liability in respect of not exceeding $3,308,000 of Alton RR.
first equipment trust of 1944 2'%%
equipment trust certificates, $4,924,649 of notes evidencing obligations under conditional-sale agree¬
ments of Henry A. Gardner as trustee of the Alton RR.; (c) to assume
obligations of the Alton RR., Henry A Gardner, trustee, under leases
of the Joliet & Chicago RR. and' the Louisiana & Missouri River RR.
in
respect of the payment of dividends on $1,500,000 of preferred
stock of the former and $329,000 of guaranteed preferred stock of the
latter; (d» to guarantee the payment of dividends due or to become
due
under the existing lease on $1,750,000 of guaranteed
preferred
stock and on $114,200 of common stock of the Kansas City, St. Louis
& Chicago RR., and (e) to assume obligation and liability severally
with other proprietary companies in respect of the payment of in¬
terest and sinking fund installments on not exceeding $48,335,000 of
328,787 V2
shares
bonds
of the Terminal
Railroad Association of St. Louis.
Authority, was granted
stock
common
$30
a
share.
(no
to Gulf to
par)
be
to
39,198
33,365
355,356
issue not exceeding 50,000 shares
sold to officers and employees at
liability in regard to
267,429
RR.
Reserve
for
flood
losses-
75,225
91,496
,
(par
stock
6,976,665
6,976,675
11.893,540
Surplus
was
as
to proposed assumption of obligation and
$2,093,890 of Kansas City, St. Louis & Chicago
4J/a% bonds, lease of the properties of the Kansas
deferred
first mortgage
1945
Total
$63,260,042 $63,569,486
;
♦After
taxes
deducting
when
due:
S. tax notes purchased for payment of such
$9,050,000; 1944, $4,735,000.—V. 162, p. 1281.
U
1945,
Gross
from
Net
from
Net
ry.
railway.—
1944
$3,069,414
664,845
income.^—
$3,258,042
947,217
306,254
railway
oper.
Great American Industries,
Inc.—Acquisition, Etc.:—
Ralph Horton, President of this corporation, and George Rosenberg,
Chairman of the board of Rex Products Corp., New Rochelle, N. Y„
makers of compacts and cigarette cases, announce that Great Amer¬
ican Industries has- acquired all the capital stock of the New Rochelle
organization;
Included in the merger is Shields, Inc., of Attleboro,
Mass:, an affiliate of Rex Products Corp.
»
Mr. Horton stated that George Rosenberg has been elected to the
board
of
directors
his
associates, in
the
Rex
The
Products
of
the
Great
American
New. Rochelle
Industries
company
and
that
he
and
will; continue to manage
Corp.
announcement
divisions
Tru^k
of
American
Great
Division
at
Klm'ra.
°
Industries,
N,
Y.,
Inc.,
■
include
manufacturers
of
Ward
heavy-
trucks
and
fire-fighting equipment;
Connecticut
Electric Division- at. Meriden, Conn., makers of hospital
signalling systems, automatic telephone equipment, recorders and other
electrical
devices,
and
the
Rutland Electric
Products Division of
Rutland. Vt„
the automotive and aircraft division of Great Amer¬
ican
Industries. <■: A fourth division,
the Virginia Rubatex
Division
at Bedford, Va., manufactures a variety of cellular rubber
products
which are used particularly in the refrigerating and-insulating in¬
dustries.—V. 162, p. 458.
^
duty
122,
401,442
$3,179,049
1,234,153
400,772
20,532,954
25,567,157
8,947,865
8,227,485
9,943,577
7,645,130
2,839,165
3,162,079
3,350,323
outstanding
first
commercial
Telephone &
.
Hechf Co.—Listing of
mortgage
New
York
3%% Cumulative Pfd. Stock—
Stock
Inc.—Expansion in Georgia—
21 announced a $1,250,000 addition to their
naval
stores
plant at Brunswick.
Ga., now under construction,
is
expected to be producing by April 1. 1946.
The new unit will add
approximately 3,600,000 pounds of rosin and resinous products and
720,000
company
on
pounds of
Located
in
the
Sept.
liquid products to the plant's monthly output.
heart
of
the
$190,896
$1,503,062
$1,587,642
132,679
134,412
1,065,314
1.079,961
;
74,060
y
'
'7/
94,958
773,900
813,800
$38,$74
.
$336,152
$306,119
/
7
1944
1945
41~7~642
211,899
$265,919
$0.68
taxes...
share
per
'
$396,695
50,000
$220,969
income
1943
$527,818
contingencies
$0.47
148~031;
$248,664
$0.60
.
Account of Arrearages—
on
Sept. 21 declared a regular semi-annual dividend
on
the outstanding 45,000 shares of $2 cumulative
participating preferred stock, par $1, and a dividend of $1
per
share on account of accumulations on the outstanding
31,380
shares of second preferred stock, both payable
N|ov. 1 to holders of
record Oct. 15.
On May 1, last, a distribution; of $1.50 per share
was made on
the second preferred stock.
v
After payment of the dividend just declared arrearages on the second
preferred stock will amount to $1,33 per share.—V. 161, p. 2219.
;
>
share
per
Earnings of System-—
^Illinois Central RR.
"Period
End. Aug. 31—
1945—Month—1944
$
„
Ry.
oper.
revenues....
Ry.
oper.
expenses
Railway
tax
accruals—
2,541,268
oper.
income
Other
1945—8 Mos—1944
$
:•: $
■:.///%:.$
22,728,241 169,890,069 172,155,893
14,663,393 111,634,300 110,434,615
5,422,051
35,661,662
37,821,803
231,607
354,191
2,473,106
3,099,669
2,393,529
income.
ry.
■
19,992,292
14,825,888
Equip. & jt. facil. rents
(net Dr)
2,288,606
20,121,001
20,799,806
94,451
97,694
959,489
850,136
3,626
3,706
39,671
1,021,563
1,059,601
8,180,938
y
40,973
8,619,653
1,462,791
1,322,993
12,859,881
12.989,316
1
Miscell.
Fixed
deductions
charges
♦Net
income
162.
providing
1171.
p.
y
Federal
for
Income
and
excess
profits
taxes.—
.
International Detrola Corp.—Earnings—
Florida-Georgia pine belt, the Bruns¬
wick
plant is one of the major wood naval stores producing plants
in the nation.
This plant and the company's Hattlesburg, Miss., unit
6 Mos. End. Year End.
.
Net
'
after
income
♦Earnings
•On
per
$
charges and
Apr. 30, '45 Nov. 30, '44
taxes..
$708,479
$619,207
share
$1.26
490,000 shares.—V. 162, p.
y
$1.45
1284.
International-Great Northern RR.—Interest Payments
Missouri Pacific
See
RR.
Illinois Terminal
below—V.
RR.
—
Securities—To Buy Illinois
Investment
An
bankers'
of securities
of
a
group
new
162,
p.
1171.
Group Formed
Terminal Line--
to Market
1 v
been formed to undertake, dis¬
which would purchase assets
has
company
of the Illinois Terminal RR., Allen Van Wyck,
Power Co., announced Sept. 14 in Decatur, 111.
President of the Illinois
Power company officers also have been negotiating with several
railroads for sale of the terminal company, Mr. Van Wyck said, but
The
"to
date
able
such
to
another
■with
'
The
$1,513,581
8,650
$1,430,263
y 72,799
directors
$1
were
Hercules Powder Co.,
$182,246
$6,106,183
convertible
5%
Exchange has authorized the listing of 56,000
shares of 3%%
cumulative preferred stock (par $100), all of which
are
issued and outstanding.—V. 162, p. 1282.
The
4,592,602
$134,754
•k". 8,672
$638,611
for
on
The
of
Wis.—Calls
sinking fund,
dated
Sept. 1> 1936, have been called for**, redemption on Oct. 6,
1945, at
102 V2 and interest.
Payment will be made at the Marshall & Ilsley
Bank, trustee, 721 North Water St., Milwaukee, Wis.—'V. 162, p. 672.
the
4,829,477
income
1283,
p.
Earnings
3,266,435
Hamilton Manufacturing Co., Two Rivers,
of
593,248
income
Net
5% BondsAil
617,788
profit
Federal
$3,167,973
1,352,759
547,809
25,193,661
income—
Earnings—
1945—8 Mos.—1944
$6,259,740
1942
1943
26,369,004
railway
oper.
designated
$775,494
Year Ended June 30—
Reserve
V,
"v
added:
expected to exceed $40,000,000."
Other
IaFrance
from
Net ry.
1945—Month—1944
been
$752,542
taxes
Period—
railway
thereafter
105
public' investment.
95,512
tribution
further
"During 1944, Rex sales were over $8,000,000 and they are reported
now
to be averaging over $1,000,000 a month.
Total sales of Great
American Industries and Rex Products Corp.
for the current year
are
Net
from
at
$84,765
Net
From Jan. 1—
Gross
Robert-,
$143,426
&
J„
♦After
Earnings for August and Year to Date
August—
Dewar,
Huyler's—Earnings—
City, St. Louis & Chicago RR., and acquisition of trackage rights over
the Front St. line of the Terminal Railroad Association of St. Louis.-
24,229,268
(par $20)
$10)
for
_L
—V.
11,893,540
26,416,849
stock
Action
callable
is
/at
Net
369,903
Houston;
Co.,
outstanding
Deficit
„
363,590
cumulative preferred
It
revenue..^
adjust,
on,
SI
for
5%
available
The Commission
ing
Frldley
in
the hands of the pub¬
lic
5%)_;
carriers.
for
Common
issue.
charges
bonds
of joint use of the passenger station and appurtenant facilities of the
joliet Union Depot Co., and <f) acquisition of trackage rights over
certain lines of railroad of the Terminal Railroad Association of St.
Reserve
deposits under leases——.
repainting stores
taxes or other contingencies
G.
income
Income
The ICC on Sept. 19, subjeOf to confirmation by
petent Jurisdiction of the plan for reorganization
(which see), approved and authorized transactions
Reserve
Tenants'
date of
expenses
Gross
Int.
of
bonds pay¬
Real estate mortgages and mortgage
able
460,054
1,675,620
751,593
year
accounts
♦Federal
$9,554,343
$8,860,134
payable
Earl
Non-operating income...
Gulf, Mobile & Ohio RR.—Purchase of Alton-
general mortgage income bonds, series B, due 2044;
reserve)
banks
Co.,
29.
Advances
264,200
program.
was
Operating income
stock will be available
pet. 1.—Va 162, p. 1170.
on
"l;
initial
share
Temporary certificates for the new
of
satisfying the requirements of holders of outstanding preferred
the corporation in exchange for the new
issue, the remaining,
oper..
Oper.
The
14 declared
of
Co., Inc.—Registers With
Hudson & Manhattan RR. Co.—August
dividend of $1.25 per
on the $5 cumulative preferred stock which is being issued under
company's plan of recapitalization recently declared operative.
Sept.
all
has
Rotan
are
Gross
Sugar Co.—Initial Dividend—
on
listing
1970,
2.>
Republic National Bank of Dallas, Texas, has
transfer agent and registrar.—V.
160, p. 2641.
1281.
p.
the
1,
The
Weinberger Drug Stores, Inc., operates a
stores in Ohio, Pennsylvania and New York.—
ciation of St. Louis, and the Kansas City Terminal Ry.; (e) acquisition
Comparative Consolidated Balance Sheet,
War_Sav7~Bds.,
retail drug
31, 1936, $1,145,137; earned surplus ac¬
1937, $574,190, total, $10,583,913.—V. 161.
Stock
Exchange
has
authorized
sinking fund debentures, due July
oulstanding.—V. 162, p. 1392.
and
from
of
shares
formerly
company,
V.
After
elected directors of
41,741
and
and
Cash
Vice-Presidents,
were
•
new
years
150,000
$8,758,646 $10,545,556
238,266
235,238
per
share,
Merchandise
to
100,000
-
Pitman & Co., Inc., Creston H. Fund, San Antonio.
capital stock Issue of $1,250,000 (par 100) will pay cumula¬
tive quarterly dividends of 5'/2%
per annum.
The stock is callable at
the option of the company at 107 V2
plus divs. if called before five
25
stockholders Sept.
from
the court of com¬
of the Alton RR.
proposed by Gulf,
as follows:
(a) Purchase of all of the Alton RR. owned properties; (b)
acquisition of control, through stock ownership, of the Louisiana &
Missouri River RR. and the Kansas City, St. Louis & Chicago RR.; (c)
lease of the properties of the Louisiana & Missouri River RR. and the
Joliet & Chicago RR.; (d) acquisition of joint control: through stock
/ownership, of the Joliet Union Depot Co., the Terminal Railroad Asso¬
preferred stock ($20) were called for redemption at $22
plus accrued dividend to Sept. 17, 1945.
Stockholders
directors have approved a split up of the common stock, 2 for 1,
the reduction of the par value from $10 to $5 per share.
lative
U. S.
of
total,
;''.'V:/y;;; iyy/yy ■"
Pancoast,
The
stock
Evans,
Turben & Co.,
Guantanamo
1,612,000
*1,898,000
stock.
common
the
share
per
post-war
$1,263,983
$0.91
$1,373,436
$1.00
profit
stock
etc.,- $159,107;
taxes,
-
Dec.
1,
Period End. Aug. 31—
The
Net
meeting
a
common
at
Jan.
company
<Sc
son
ag
of 81
162,
excess
(est.)
tax
'■
George
525,000
tax
(est.ju—
surtax
at
authorized
in
approved.
and C.
W.
was
1945
formed in 1929 as a $10,000 oil field specialty
developed into one of the largest oil field supply
companies in the country.
An underwriting syndicate composed of the following Texas
invest-;
ment banking firms has been organized to purchase the stock issue
when registration has -been declared effective
by the SEC: Dallas Rupe
& Son, Dallas Union Trust
Co., Rauscher, Pierce & Co., Inc., Dallas;
,
The
earned!
for
approved
was
increase
also
pany.
46,352
hold
and
issue
new
an
$207,214
:
Company has sent tb the SEC for registration an issue of $1,250,000
preferred stock, replacing the presently outstanding issue of $1.50
convertible preferred stock, in contemplation of an exten¬
The
share. Other firms in the group are Mc¬
Co., the Ohio Co., Joseph & Co., Inc.; Hayden,
Miller & Co.; Curtiss, House & Co., and Prescott & Co.
The
insurance,
■
sive business expansion
& Go. at $52 a
shares
June 30,
1943
•
cumulative
Drug Stores, Inc—Preferred Stock Offered—
issue of 20,000 shares of $2.20 dividend converti¬
Henry Gray
Merrill, of Merrill,
amortiz.
Prov.
in
>
ble preferred stock (par $50) was offered publicly Sept.
27 by an underwriting grbup headed by Merrill, Turben
and
sundry
Prov.
new
Sheet,
York
corporation
$3,773,309
28,274
expenses—
oper.
Redemption—
There
Gray
Balance
Houston Oil Field Material
SEC—
have been called for redemption on Nov. 1, next, $6,500 of
refunding mortgage gold bonds, extended to Nov. 1, 1949, at 102,
Payment will be made through the sinking fund at The National City
Bank of New York, trustee, 22 William
St., New York, N. Y—V. 160,
P. 1295.
■
1344
$226,143
.
2% %
•'
Donald &
sold
merchand.
of
New
which are now
!
first
A
(W. T.) Grant Co. (&
Sales
Great South Bay Water Co.—Partial
since
$15,000,000
•
984.
o.
6 Mos. End.
Cost
t,
1—
From Jan.
'
.
The
coupons
its
at
1946,
1,
Grand Trtink Western RR.- -Earnings—
1944
.
.
approxi¬
Household Finance Corp.—Listing of Debentures—
full
the
Jan.
appurtenant
New
'
1392.
p.
obtain
to
1945
$264,205
•
prepaid
balance
p. 2787.
: :
immediately
may
including
bonds
National
interest.
and
series
price
is
agreement, $84,000; accrued taxes, pay rolls and commissions, $463,306;
Federal and Canadian taxes on
income—estimated, $1,734,646; reserve
for contingencies,
$1,000,000; series B, 1st preferred stock, 5% cumula¬
tive (par $25l,
$3,487,000; common stock (par $25), $1,500,000; surplus
company has
also directed The First National Bank of the
of New York to call for redemption on Jan. 1, 1946, the entire
of
general mortgage 3%%
series I bonds
due Jan.
1,
1967,
redemption
which
year,
'Liabilities—Accounts payable/ $595,633» profit-sharing plan.and trust
aforesaid.
as
each
Assets—Cash, $578,723;.United States and Canadian ($45,454) obligations,
$2,764,930;
notes -and
accounts
receivable
(after
reserve
of
$167,380), $1,831,341; inventories, $2,096,637; miscellaneous investments,
$448,688; property, plant and equipment; (net), $2,704,435; good will
The
City
then
Sold—Bioren
Philadelphia, announces the sale at $20 per share
50,000 shares of common stock.—V. 162, p. 247.
date
products
Hey wood-Wakefield Col—Earnings—T .*/. ■././- ./Y' -• j'T":
t
should
deliver
their
bonds
with
all
unmatured
appurtenant
coupons
to
The First National Bank of the City of New York, at 2 Wall Street,
New
York
15, N. Y., against payment of the purchase price and
issue
& Co.,
of
Holders
the
to
stores
-
...
Dec. 31, 1945, to yield in all
redemption.
Accrued interest
on
date
July
naval
50% of the nation's supply.
A major portion of this supply
be
used by other-company departments in the manufacture
of
special chemical materials for industry.—V. 162, p. 1392.
.
delivered
1942
1943
1944
1945
$565,868
August—
Gross
wood
will
.
TGeorgla Southern *s Florida
finished
mately
directed The First National Bank of the City ;
of New York to call
for redemption * on July
1, ■ 1947; - the ■ entire/
issue
of
general mortgage 4'/a %
gold bonds, series E, due July
1, 3
1977;' then outstanding ..at;' 105 and - interest.: '• The company offers'1:
to purchase said series E bonds from
the holders thereof up to J
and
including
Dec.
31,
1945,
at
prices decreasing
from
111.99%
as
of Sept.
24, 1945, to 110.93% of principal amount as to bonds
.
Upon
,?
has
The. company
1281.
p.
/w,
Great Northern Ry.—Calls Two Bond Issues—
:
T
$169,501
—
pid.
on
1
1
1
223,005
income-;
Net
"
"
bond?,; due 1935, '?
5%M,' gold
maturity extended to Feb. 1, 1950, have been called for redemption
on Oct. 26, next, at
102 and interest.
Payment will be made at the;'
...
■
•
first: ' niortgages"
outstanding
Irving. Trust Co., trustee, 1 Wall St., New York, N. Y.
Holders may obtain immediately the full redemption price,, including
interest to Oct. 26,
1945,' upon presentation and surrender of such '
bonds.—V. 161, p. 767.
5, ,867,334
12 ,412,918
»
oirtlie
AH
,
at
capacity rates, finished
naval
stores
of
all
kinds
In
300,000,000 pounds a year, the announcement said.
the completion of the new unit, the company's wood naval
production capacity will total more than 350,000,000 pounds
of
excess
;
1945—12 Mos, —1944
$4,035,382
2,045,721
'
483,500
expenses
produce,
Bonds—^
^reat Northern Power Co.—Calls 5%
-
194&—-Mpnth—1944
•Period End. Auk. 31—
discussions have
determine
railroad."
not
whether
-
-
1
any
to the extent where we
arrangement could be worked out
developed
■
headquarters at St. Louis, operates'elec¬
Peoria, Bloomington, Decatur, Spring¬
Danville.
It also operates steam belt lines
The Terminal company, with
tric
railroads between
field,
Champaign
and
around St. Louis.
St. Louis,
-
that officers of the Power company had been
for sale of all assets of the Terminal company in com¬
pliance with an order of the SEC to dispose of its erftire iflterests in
certain miscellaneous businesses^; , ./ -r
< ,
. <
.
Mr.
Van
negotiating
Wyck
said
sr ,v
;.VAi~ ;
J
■v.*.
'
/>
CQ^Iiltefeei^^lNAhefAL CBKOftlClijt
Ttafc^
1514
Net
Oerlikon
anti-aircraft
Bofors
and
*..*..X'fcV/'-.-y/- ■
has been producing parts for
and was presented with
guns
"E."—V. 157, p. 346,
.
.
$1,038,306
$878,191
273,528
495,812
419,587
126,677
(F. L.) Jacobs Co.—Increasing Production
413.057
127,230
244,417
of-this
Plants
7,801,108
3,189.322
railway——
ry. oper. income—162, p. 98b.
"-•
6,409,108
which
industry
were
922,285
International Minerals &
2,411,741
1,435,387
'
asking
of
than 30
-
automatic
screw
automata
*
V;»
years
f
•
'i"""1
~
**
all
controls
President
oi
xuc
viuonn
-,/v
7
>
-J"
$3,258,584
219,118
Inc.
261,039
199,252
avail, for fxd. chgs.
Partial Redemption of 5%
Utility
$6,251,918
73,226
,
•
'
iod
Gross
Common
1,844,930
'■
_
■
4,605
$32,028
$389,368
9,249
104,794
104,765
$22,779
$284,574
12L126
91.800
91,800
8,588
.
dividend
dividends
requirements
paid,
Ltd
J.P.S.
1,427,308
—V.
162,
$71,648
$376,518'
102,770
$77,183
162,
1945—36 Wks.—1944
1945—4 Wks.—1944
$4,194,761 $40,909,543 $37,943,353
$4,558,539
&
Laughlin
Corp.—Renegotiation Com¬
Steel
,
.
Offered—Offer¬
Kaiser-Frazer
Corp.—-Common Stock Offered—A na¬
tionwide syndicate headed by Otis & Co., First CaliforSept. 27 offered publicly 1,stock of this newly-formed
The offering way oversub■
been
oversuDscrioeu.
^
^
-
received'from'this iale tit this
'?Nefc .proceeds in be
v
-7:
closed
sfo^k will be^tiSed
^Iniost immediately the
♦:
underwriters announced.
'■r'kftp augment working capital and for other corporate purposes to cover
the transition from wartime' to peacetime dperatiqns arid to enable the.
company to take the fullest advantage of opportunities expecteavto
be afforded to maintain an expanded peacetime production.
In addition to the stock presently being "offered, the funded debt and
capitalization of the company "consists of a $1,930,000 "V" loan arid
572.225 additional shares" of common stock.
The company was incorporated in Delaware in 1925 and is engaged
In the manufacture and sale of resistors, which direct/limit and con-,
trol the flow of electricity just as pipes and valves control the flow
of
water.
Resistors have many industrial, scientific and domestic
appliances, such as fluorescent lighting, electric eyes', X-ray equipment,
thermostatic controls, washing machines, and hearing aids.
The new preferred stock is convertible into common
stock at the
Option of the holder, at any time up to ten days prior to redemption, in
the ratio of two shares of common for each share of preferred/ The
preferred stock also is redeemable, at the option of the company, on
30 days',, notice, in whole or in part at $5.50 per share plus accrued
,
Commenting on the wide public interest in the issue,
Cyrus Eaton, of Otis & Co., said:
"
represents a
handsome and well-deserved public vote of confidence in the genius
of
Henry
Kaiser and Joseph Frazer and
demonstrates tremendous
public optimism oyer the future of the automobile industry."
The registration statement covering the offering was declared effec¬
tive by the SEC Sept, 26, less than
three working days after the,
"The
162,
p.
filing.
Organization—Corporation
of
share
V.
the common stock, against $25.94 a
on
162,
a
share on Aug. 31. 1944.—
782.
p.
•..
Iowa Public
'
f
.
....
„
w
Service Co.—Earnings—
w
1945
1944
—
$6,834,278
$6,384,712
2,765,813
depreciation..^
i
plant acquisition adjust.
2,954,737
335,567
6.92,315
58,932
Taxes, other than Federal income—
Federal income and excess profits taxes___i^__
663,331
918,380
5~7~9,242
12 Months Ended Abg.
Operating
Operation
revenue
31—,
—
-
Maintenance
;—
for
Provision
—
Amortization of utility
and
profits tax
excess
47,068
$1,266,637
$650,858
$673,643
preferred stocks——334,902
334,902
/ Net
—_______
on
The
$1,308,321
earnings
Interest charges and other deductions--.
Income
Dividends Accrued
41,683
•
' $1,254,521
603s663
Net
and
sale
of
*-V.
162. P. 1284.
,L
$315,955
interests
have
proposed joint'operation
receive
$338,740
$0.76
$0.82
stk.)
com.
is
for
some
time
been
engaged
in experi¬
development work in the automobile field, and the results
thereof will be available to the corporation through the association
with it of certain Kaiser personnel.
Similarly; through the associa¬
tion with
the corporation
of certain Graham-Paige personnel and
the
'
—
share (412,000 shares of
per
engage
It
mental and
634,677
•'*
Kaiser
'
-1*
Balance
Earns,
to
proposes
automobiles.
,
—
the
benefit
of
the
Pending
designing'
prob-.
lems, no
representation can be made as. to. the specifications of.
the Kaiser automobile or the extent to which the experimental and
develooment work hertofore
done'by the Kaiser interests may -be
utilized. '.": ' -v>
''
"
it is
impossible to state when commercial production will com¬
mence, but it is estimated that a period of at least six months will,
be, required.
Such period may, however, be /extended, ^depending
upon the progress of the corporation's development program and its
ability to obtain necessary personnel, . materials, parts and facilities,
as
well as upon econornic and other factors beyond the-corporation's
control.
/t
Y
It is presently contemplated that both -the corporation -and GrahamPaige will produce automobiles in the Willow Run plant to be leased
by the corporation.
Corporation expects to produce the Kaiser auto¬
mobile to be sold in the low-price field/ and Graham-Paige, which has'
not produced or distributed automobiles since 1940, expects to produce
an automobile'to-be known as the "Frazer," which will, be marketed
in the medium price field. The corporation and Graham-Paige have
agreed that, to the extent feasible, manufacturing, distributing, selling
and
servicing operations
will
be
conducted
through
joint
use
of
facilities and personnel, which, it is anticipated, will result in econoinies for both companies. /Such agreement
provides that costs and
charges of the joint operations shall be allocated between the corporavarious
further
research,
production
and
State
Net
Amort,
:
-
—V.
48.832
598,663,
579,545
40,000
480,000
480,000
$75,802
3,928 "1
.
47,076
H.
pany
A,
$1,034,952
•
559,507
$1,057,068
41,739.
—1
————
1284.
'
-
11,874
,
$21,380
13.965
$1,098,80?
575,459
$23,625
Sperlich,
152,854
;
162,914
$322,591
$360,433
^
President,
on
Sept.
Michigan Plant—
22
announced
that
this
has purchased the Mount Clemens, Mich., plant of the
"
tion
com¬
Covered
be
having approximately 2,650,000
and
area;
the
office
building,
square
training
-
school
lease
will not include the
airport and adjoining hangars
outlying buildings.
plant was completed in 1941.
The plant is served
track
spur
from
facilities.
some
that
the
New
Lake
York
in
Central
transportation
rearrangement will
general
the
plan
be
lease
at
is
to
such
is
of
be
manufacturing
the
corporation
has
term
a
(1)
as
ending Dec.
RFC
able
$19,000,000,
later
than
Dec.
the
in
space
is
have
will
or
for
time
is
able
administrative offices
to
and
31,
adequate
at
Detroit.
corporation con¬
to
its
proposed
1950,
make
to
at
has
available
least
is to
and
available
com-
>
the
to
265,000 square feet
manufacturing building, or (2)
satisfactory to RFC that
evidence
capital
whichever
31,
and
main
furnish
paid-in
RR.,
is
required, the
well
adapted
time
and
capital surplus of not less ;
later, but which shall not be
is
1945.
If
to
annual rental will be
$500,000 for the year 1946, $850,000 for
year 1947. and $1,200,000 for each
of^the^rgmaining three years.
the corporation receives
possession before Jan/Si, 1946, the rental
that date will be at the rate of
$500,000
per annum pro-rated fn
space made available.
Corporation will also
taxes, which are estimated at approximately
$125,000 per annum,, and ordinary maintenance
expenses which cannot
be estimated at this £ime.
The ^corporation has agreed with
Graham-Paige that the Willow
Run plant shall
be included in
the
proposed joint operations with
proportion
all
the
to
floor
insurance
Graham-Paige.,
and
*
.
agreement
provides that Graham-Paige, if it so elects, may
33Mj% of the productive capacity and facilities of
the plant; shall be utilized for its
production.
However, the agree¬
ment also provides that the
rental and other charges for the plane
shall be allocated between the two
companies on a fair and equitable
require that
basis
in
to
up
accordance
with
Capitalization
the
actual
Adjusted
to
thereof.
use
Give
Effect
to
This
Financing
Authorized
Common
stock
(par
$1)
Bank
<yf
Credit—The
corporation has received,
short-term credit for current needs
up to
a
interest
to
Outstanding
5,000,000 shs.
from
2,200,000shs.
bank,
a
offer
an
$10,000,000 at
rate of
a
be
negotiated but not more than 2'/2%
per
annum, the
being conditional on the corporation having a paid-in
capital
and capital surplus in cash of
not less than $19,000,090 and on the
maintenance by the corporation of a two-to-one ratio of
current assets
to current liabilities; and, subject to the execution of a
credit agree¬
ment satisfactory to the
bank, the bank has offered to continue such
credit
for
upon.
period
a
No
.
not
action-has
to
exceed
been
taken
Use
tion
of
Proceeds—The
frorri
the
net
five
proceeds
at
years
the
by
this offer.
rate
a
corporation
to
be
received
to
be
with
by
agreed
and
mination
.event
of
Graham-Paige
of
on
an
equitable
basis pursuant
to
the
deter¬
public accountants for the respective parties, and in the
disagreement between such accountants, by a third-firm of
to
respect
the
corpora¬
sale
of the
shares will be
approximately $15,028,800,
deducting estimated expenses of $101,200.
Of such
net
pro¬
it is presently estimated that
approximately $7,000,000 will be
expended as- follows:
Machinery and equipment, $2,000,000: tools,
dies, jigs and fixtures, $1,750,000;
prepaid expenses, $1,500,000, and-
after
ceeds,
deferred charges;
$1,750,000.
The
remainder
of
such
net
proceeds,
or
approximately $8,028,800, will be available, pending specific. applica¬
tion thereof, arid
according to present estimate, for general corporate
purposes.
Underwriters—Under a purchase contract dated
Sept.
underwriters- have- severally agreed
to
purchase
and
1,700,000
shares
of
common
stock
offered
at
underwriters
are
1945, the
fqr the
share, .or/ah
pay
$8.90. per
and
f
Otis
<fc
First
number
of
shares
to
be
purchased
several
•
.
them
Shares
637,500
1
Co
-
637,500
Co..
&
not
are
by
Co
California
Allen
the
follows:
as
.
24,
aggregate purchase price of $15,130,000, but the underwriters
irrevocably bound to take such shares.
The
names
of
the
425.000
Transfer agents: Manufacturers Trust
Co.,
Bank of America National Trust &
and
trars:
Bankers-Trust Co.,
land).—V. 162, p. 1393.-
Detroit
National Bank of Detroit,
Savings Association.
Regis¬
Trust Co., and Central Bank
(Oak¬
.......
Kansas City Southern Ry.—Plans
Refunding—
The stockholders
its
on
Sept. 22 approved the company's plan to refund
.outstanding debt.
approved, the
Holders
properties
series
and
the
bonds
A
W.
N.
creation
issuance
and
sented.—V.
*
a
first
new
of
mortgage
$40,000,000
than
30
162,
p.
that
174,779 shares
July 31—
1945
*
were
not
of
the
repre¬
1944
♦Earnings
$4,403,874
$4,449,081
211,544
156,555
183,563
$1.20
$0.82
share.
per
on
.150,000
shares
of
common
stock
ing for
excess
preferred dividend requirements,
profits taxes; etc.1—^V. 161, P-2788..
Kermath
See
1943
$5,055,705
—
income
"/.fBased
$1.01-
outstanding after allow¬
t After
Federal
income
and
Manufacturing Co.—Control Acquired—
>
Republic
Industries,
Inc.,
below.—V.
157,
p.
346.
i
Keystone Telephone Co. of Philadelphiar~-Merged-~
This
vania
-
mortgage
1393.
sales
tNet
-
the
upon
first
Kennedy's, Inc., Boston—Earnings—
6 Months Ended
Net
'
of
years.
Deramus, President, said 542,809.shares voted in favor
proposals and 2,012 against and
1
of
sale
maturing in not less
'
-
de-
Ironrite Ironer Co.—Purchases
:
43,865
$84,668
46,475
-$991,086
dlsct. &
& other
p.
$81,236
3,431
$79,730
debt
funded
debt
income
162.
411,800
35,550
40,000
auctions
Net
572,750
2,457,960
51.65C
on
of
expense,
-
$4,986,374
35,800
//
Interest
$5,160,206
2,517,706
s
oper.
earningsincome
Other
201,858
retirements./
taxes
for
Prov.
1945—12 Mos.—1944
$407,477,
209,073
profits taxes..
excess
Other
i
$412,326
earnings
oper.
expense &c maint.
& Fed. inc.. and f:
Oper.
-Earnings—
1945—Month—1944
Period End. Aug. 31—
Gross
a
siders
supply
.
<
by
with Graham-Paige, the corporation will
automotive
engineering and production
experience of such persoririel..
and testirig and the study of
V-'-'
*. Iowa Southern Utilities Co. of Del.-
floor
,
701,158
earnings from operations___i__l—- $1,211,013
Other income (net)—43,508
*
formed under the laws of the State
Henry J. > Kaiser, acting on behalf of
was
1945.
9,
in the production, dis¬
contemplated that the first
model will be marketed in the low-price field under the name "Kaiser," ,
and will be a six-passenger sedan designed with a view to maximum
passenger comfort.
The corporation expects to add additional body
styles from time to time.
The corporation received its first funds from sale of 500,000 shares
of common stock to Graham-Paige and the Kaiser interests on Sept. 20,.
1945.
Accordingly, it has only recently begun engineering, designing,
research and development projects which must be completed prior to,
the commencement of commercial production, and has not yet con¬
structed or tested a prototype of any automobile.
709,094
Net
'
Aug.
Business—Corporation
tribution
315,698
Charge in lieu of additional Federal income tax
A
on
qualified to do business in California and Michigan,
It is contem¬
plated that qualification may later be made in other States,
The corporation presently has outstanding 500,000 shares of common
stock,
which
the
Kaiser
interests
and
Graham-Paige
purchased
directly from the corporation at $10 per share, in cash, the price to,
trie public of the shares now offered.
'* At the
outset the corporation mterids to have its principal place of
business in the Detroit area.
It may in the future, however, becom^
desirable
also to conduct manufacturing or assembly operations in
other localities.
No definite plans in this regard have been made, but
the corporation is investigating the feasibility of inaugurating such
operations on the Pacific Coast.
-
-—;—
to
feet: in length,
Willow Run
highway
Although
.
The
♦
Nevada
Henry J. Kaiser Co<, The Kaiser Co., and California Kaiser Co., and
Joseph W. Frazer, acting on behalf of Graham-Paige Motors Corp.,
were
instrumental in the organization of the corporation, which is
1171.
■'-77.
/
/V•:.. :
: "
* '
Investment Company of America—Asset Value—
company reports as of Aug.
31. 1345 net assets at $30.58
i
/
facilities
Finance Corporation has agreed
portion of its Willow Run plant,
approximately 30 miles from
leased include the main manufacturing
major
a
offer
.
dividends,—V.
The
record-breaking demand for Kaiser-Frazer shares
f
•
.
Mich./ arid
.
-
'
The
ground
other
The
pay
XT
„
ings.
the
corporation has announced that renegotiation proceedings for
1944 have been completed and show
that no excessive profits wex;e
made in that year.—V. 162, p. 674.
of 175,000 shares of 6% cumulative
convertible preferred stock (par $5) and 175,000 shares
of common stock (par 10c per share) of the company
TfnKHA
■/
The
pleted—
..
ing of new issues
__
corporation
Ypsllanti,
than
Jones
corpo-
.
it
The
-International Resistance Co.—Shares
the
corporation the
1171.
p.
of
building, power house; service and garage system building and com¬
missary building.
The lease will include overhead ciranes and con¬
veyors,
and building. installations
which fur.ni§h basic utilities and
services.
The lease will also include such land as
may.be agreed with.
RFC to be
reasonably necessary to the operation of the leased build¬
The
^V.
the
•
directors
S. Slick, Secretary; G. G.
Sherwood, Assistant Treas¬
Secretary and director; E. E. Trefethen Jr., director.
3,120
of
mence
Jewel Tea Co., Inc.—Sales Show Gain—
Period End. Sept. 8—
Retail sales
extent
,
officers and
operations.
1284.
p.
or
the time
as to
Flant—Reconstruction
near
building,
$271,753
.»
Balance
directors on Sept. 20 authorized
sinking fund on Nov. 1,. 1945, of
f
$393,973
685
$30,548
deductions
:
$385,106
$32,712
$39,387
8,839
income
Preference
2,328,432
'
Bonds—
1171.
feet
207
The
.
100,000
situated
726,525
and
the call for redemption for
the
$64,000 principal amount of
first mortgage 60-year 5% gold bonds and £47,020 principal amount of
of 5%
first mortgage 60-year bonds.
Payment will be made at the
Empire Trust Co., trustee/120 Broadway, New York, N. Y., in U. S.;
funds, or, at the option of the holder thereof, at the Hambros Bank
Ltd., 41 Bishopsgate, London, England, in pounds sterling.—V. 162,
:
159,974,
152,172
Detroit.'
152,778
100,000
Net income
$5,306,660'
2,565,467
1,962,135
1,651,838
116,288
200,015
8,333
$39,594
oper.
Run
lease' to
12,977
cohie, net (Dr)
"
Income
to
11,838
income-
.
John
Willow
8,333
other" inrnmV niVTfwT
,
the
of
names
follows:
as
Assistant
urer.
728,546
accruals
reserve
eventually undertake the manufacture
parts which are initially to be
finished
Henry J. Kaiser,; chairman of the board and director; Joseph W.
President, director and member of executive committee: Vern
Drum. Vice-President and general manager, director;, and member
64,513
$0.6G
America—Earnings—
1945—8 Mos.—1944
160,984
Ifet income
nafonffi
patents,
$1,523,777
$1,575,312.
and
Frazer,
R.
$130,373
Taxes
Retire,
329,350
$0-62
adjustment on certain 1943
incomfe taxes, etc.—V. 160,
$528,904
•136,244
$719,411
oper. revenues
fr, ry. oper.„:_
rev.
329,350
32$05i
1945—Month—1944
•-.Period End. Aug. 31—
are
59,150
14,544
Maintenance
$3,798,638
♦203,496
International Rys. of Central
Net
ration
$135,168
revenues
itself
fabricated
•
13,546
Operating
Operation
1943
169,600
ITIII
;
Earnings per sharp......,.,.
■%:; ^Includes $71,027 received asL a price
I shipments,
t After Federal and foreign,
j|p; 1186.Jp^f;.^'V." '■ *
Railway
the
Management—The
1945—12 Mos.—1944
1945—Month—1944
Period End. July 31—
.
$2,79^262
,
sales
No? ofrcapita"f shares——
f
:
.
1944
Ended June 30-
,6 Months
Net
,
will
corporation
of
some
executive committee; Clay P.
Bedford, Vice-President, director and
member of executive
committee;
W.
A.
MacDonald, Vice-President,
Assistant Secretary and director; Hickman Price
Jr., Vice-President,,
Treasurer and director;
Henry J. Kaiser Jr.
Vice-President; H. V.
Lindbergh, Vice-President and Assistant Secretary/ O B. Motter, Vice-,
-Earnings—
Corp.—Earnings—
International Products
'
-
may be affected to a greater degree
by unsettled economic and-labor con¬
parts industry generally.
It is contemplated
purchased, but no representation can be made
of undertaking such manufacture.
•
^
President;
—,
increased from seven to nine
board will be
that the
of
of
'L
.
certain of its competitors
ditions in the automotive
ifflKr ,S k .reconverted* to production
IhH F, L.h Jacobs Co. makes practically 99%
r
been
which
of
subject
presently
corporation
than
machine parts.
covers
spring
automobiles.are
expects initially to conduct, primarily an assembly
outside suppliers
furnishing fabricated and finished
assembly.
In view of the resulting dependence upon
with
*
•
Further,
corporation
parts ready for
other suppliers, the
.
^'
parts/
,
The
production on ash trays, glove-box doors, instrument panels, bezels,
grilles, molding and dome lights.
:
,
Continental Die Casting Corp., Detroit, Mich., another subsidiary,
is producing die castings of door handles, grilles, ornaments, escutcheon ?
plates, tall-lights.
At the main Jacobs plants in Detroit, production consists of seat
frames, slat irons - for convertible tops, bus d<mrs and parts, and
corporation on Sept. 24 sent proxies to stockholders
for
the election of Thomas S. Lamont, Gen. Robert E. Wood and *
R:.
Douglas Stuart as directors of the corporation at the annual •:
stockholders meeting on Oct. 22, according to an announcement by .
Louis Ware, President. ■ k
,n,
Mr. Lamont, who is a Vice-President of J. P. Morgan & Co., Inc.,
is. expected to fill a . vacancy .which will result from the request
his father, T. W. Lamont, for resignation from International's board.
T» W. Lamont, Chairman of the board of J. P. Morgan ACo.
Inc.,
fnr more
^The
finished
operation,
and
; .\
* ;
and
Federal price control, and the
corporation is unable to make any
representation, as to the possible effect of such control on
the\corporation's business, '{■
-V-'b
to
glove compartment panels, (electric) lifts for convertible cars to raise
lower the tops, and trim moldings.
Grand
Rapids Metalcraft Division,
Grand Rapids, Mich., is in
Chemical Corp.—To Increase
Directorate—f
cated
made prior to
Sept. 27.
"Our
war,
Rex C. Jacobs, President, announced on
output, while still low- in comparison vwith pre-war or with plant
capacity
nevertheless is
gaining in
volume each day," said Mr.
Jacobs. > He listed current automotive parts production as follows:
Parts Manufacturing Co.,
Traverse City, Mich., a subsidiary, is
now
running on visors, visor frames, glass channels, scuff plates,
5.657,179
2,838,810
955,276
7,733,591
3,510,118
934,523
from railway——
—
production on all parts and
in
now
company are
the automobile
for
accessories
the
Net from
Net
1042
$845,988
102,499
From Jan: 1—
Gross
orders, he added.I?Xr/if.;:-/*>?£*';
Since early 1942 the Ironrite company
the
$869,210
:
income—*
ry. oper.
many;/
the Army-Navy
D*|*
1943
1944
1945
•
Gross from railway
Net from railway
;v
the
also
public accountants to be selected by the $ubitejAccountante ^^
respective parties,
'//;
j,
;>
"
In
entering the automobile field the corporation will encounter
many problems in addition to those of engineering, design and.devel- >
opment.
These include, among other things, the obtaining of tools,,
dies; jigs- and fixtures for a new/automobile/the purchase and :
installation of machinery and equipment, the employment and training of necessary personnel, the establishment- of distribution, sales
<
and service organizations, and the procurement of sources for fabri¬
thereby doubling present/floor space, - Acquisition of
will enable Ironrite to start production immediately
thousands of ironers
for which the company has
plant
new
the
on
Date
to
August >n4 Year to
Earnings for
August
this
the
Pierce, Fenner and Beane headed
bankers who were negotiating for
Illinois Terminal purchase.
G. H. Walker and Co. of St. Louis
was reported to be a party to the transaction.
Co.,
Wagon
Kidder, Peabody and
Eastern sources said
According to press reports.
Company, and Merrill Lynch,
list of New York investment
Monday;-October 1,
The
The
company
on
was
Sept. -17
Bell
merged into the Bell Telephone Co. of
Pennsyl¬
44 years of competitive service.
purchasetKlhe Keystone system tor $13,431,454.
U. Cotririiisioii approved-the merger on last
after
company
Pennsylvania P.
Aug.1
/:
Volume 162
THE COMMERCIAL & FINANCIAL CHRONICLE
NumberH425
25, but the Bell company continued to operate Keystone *s a separate.'
V.
158,
Manhattan Bond Fund, Inc.—Special Distribution Payor In Cash, at Stockholders' Option^
-
directors
The
579.
p.
dividend
'
>V
.'
/viilt
'
V;
August—
,
from
Gross
Net
from
Net
ry.
;
railway-——
income™
L.From
Jan. 1— J *V "•
Gross from railway
Het
ry.
1
'
;
1944
'•
—;V:'; >
j.1.
'.
•
*1943
-
regular
quarterly
capital
realized
net
dividend
gain
security
of
10
cents
both
to stockholders of record Sept.' 29.
regular of. 10 cents were paid on Jan. 15,
a
•.
Vat*
a
•
^
board
«
-
Oct.
»
a
16,
directors
of
payable
in
1
a
10.6
have
capital
regular
arranged
stock
of
and
to
the
17.5
make
Fund
cents
the
at
fceTo#^-V. 160^
See ^Standard; Oil Go. of Ohio
the
Marshall Field & Co
12
service,
way
motor
special
value, or in
bus
such
,
Expansion Plans for Unit
coach
ended
from
and
'
motor
from
July
electric
service.
—V.
oper.
162, p.
•„
„
net
from
to
date
(income
the
from
the
pay
qf no
company's
5%,
at
as
-
Sept. 19 declared a dividend of 50 cents per share
accumulations on the $4 cumulative preferred stock
*
"
in
mill
communities.
This
\
war
new
plans,
;
expansion
which
--y-'y/
is in line
«■?.
,r- -
program
includes
.
additional
,
J
vyyyyv%y
.••./
with
employees
•
..
volume of sales than before-the war.—V.
(
July 2, 1945, amounted to $28.50 per share.—V. 161, p. 2788.
v
the
company's
and
la
Registers With
—
'V,/.'
post¬
'
"
stock,
The
Co.
and
is, being
proceeds
no
for
sold
will
accrue
the
account
the
to
jof
certain
originally was incorporated in 1910 as the Liberty
Works, and is now engaged exclusively'in the
^production of civilian goods, consisting of laces, nettings and-veilings cf cotton and rayon yarns and some elastic nettings made; of
synthetic rubber.
Net
income of the company
for the six months ended" June 30,
1945, amounted to $68,106.
For the calendar year 1944, net earn¬
ings aggregated $136,099.*
.
%
•
and
settlement
in
'.u
The* company
Xace
Netting-
■
pilot
for
-
for the week ended Sept;,. 2,2. '19^ 5,
Louisville & Nashville RR.—New. Director—
C.
<
travel
'
"
for
deaths
in
of
the
occurring
type
any
of
Co.- -Removes
on
after
or
or
applied
this
and
Vi.
?
'
.
f"
>
Outstanding
$3,500,000
.c-vv,.
results
necessary.—'V.
McCord
Corp.—New
.Holdersr—
v
.
Exchange
■
-
l
Net
$4,033,578
2,417,297
1,896,947
375,546
669,913
559,357
444,361
541,485
427,361
374,277
Offer
V
(H. R.) MacMillan Export Co., Ltd.—Bonds Offered—
it
The
main
A.
of
the
Sept. 5 qf-
404,531
364,858
$2,044,348
$1,955,190
$953,136
3,945
9,046
.1,226
848
$1,135,739
108,823
$2,053,394
'
195,376
$1,956,416
230,218
$953,782
€75,500
1,347,000
1,142,418
159,218
$351,416
$511,018
$583,779
$§15,341
279,226
excess
;
11—
-
(J.
Allyn &£ Co.,
E. H. Rollins
<
«"
.'Underwriters
and
Ross
r
-'■
t
-
$200,000
Gordon Meeks & C<r.
150,000
0(
Kingswury and Alvi"sT~™ 150 '6oo
300,000: /Weil : ds Arnold^-™^— 150,008
250,000
Co
The First
250,000
250,000
—
Thomas,
Cleveland
Mason-Hagan,
Corp.
&
150,000
_____
Inc.
Brushe
100,000
Co
50,000
200,000
.
Metropolitan Edison Co«~—Earnings—
Period End. June 30-^
-
~
v
&
inc.
>
450,000
8anford
—V. 162, p. i*S»*
;
exchange
Collins
&
■
Rauscher, Pierce & Co.,
450,000
Inc.
Nicolaus & Co., Inc.
Julien
t
Inc.—
& Sons,
Robinson-Humphrey
Stlfel,
plan
is described by A. C.
McCord, President, as. "to obtain relief from restrictions in the present
purpose
405,042
Equitable Securities Corp.-$450,000
Leftwich
•>.
'
$1,131,794
•
Debenture
to
"
<
-
income
The
.
on
income and
automatically operative
.
1—
$5,763,736
1,584,417
....
'
from
;.The^rporatipn;;is .'offering holders of its -6% debentures an.opportunity; to. exchange them into new 10*year- 4J/2% debentures of an
equal prind®al : amount, plus four shares of common • stock of the
company fo@, each
$1,000 debenture and two shares ..for each $500
debenture.; '• *r.-;..
''"tfi %'
-
resigned.—V^| 162,
Wood, Gundy & Co:, Ltd.; and associates
income
profits taxes
V ')
-'
f
x>
.
No endorsement of individual policies
162, p. 879.>
'
Years Ended Dec. 31
249,690
White, Hattler
^
oJ
f
$6,264,384
2,603,596
-
Income charges'
Fed.
31,
class
•
1942
income,- int., etc.-'
Gross
-
1943
inci_
Net rev. from oper.™*
Other
July
any
<
.
1944
replacements
''
"■*
r-
■
by. the Massachusetts Mutual is
than
of
as
on
stock.,
310,942
s
other
was
death
share
paid
or
of Earnings '
Proy. for renewals and
f
date.
in training
Moreover, • even
for.
unless
Maintenance
,
or
descent from aircraft operated^ for military or naval
or' for training, or in which the policyholder acts as pilot
t
.
Taxes,
aircraft,
insurance .was
liability; will not be limited
member. /V-
crew
is
,
member
•
to all policies affected by it.
as
:
_
\
1945,
J.945.
per
7 Mos. End. V:
Liability Limitations—
claims
duty, ...when
cases
.This action
-
.
RR.kCo.,^as been
director
a
987.
;p.
President of Atlantic Coast Line
succeeding George B. Elliott,
<: '
•
•
' *
'
'
McD. Davis,
elected
of
crew
-
purposes
(Ky.)—Weekly Output—
totaled 22,569,000 kwh., as compared with 24,003,000 kwh. for the
-corresponding week last year, a decrease of _33.6%_.—V,. J62, p. 1394.
or
such
in; such
or
of this company
Insurance
Also, in case of death on oj- after Sept. 2, there will be no limitartion of liability on policies wniph carried,the war arid, aviation rider,
•, .unless' the insured, had; an iir pilot's license,
was a pilot, student
„
Louisville Gas & Electric Co.
Life
.
'
;
•
Electric output
con-
21,710 shs.
declared
;July31, '45
'$3,652,388
r
operating revenues
Operating expenses.™ "
.
its
from
company
~
»
debt
1,
-as
accrued
27,593 shs.
tp $26.33
been
ever
Nummary
""
,,,,
675.
p.
have
■
Favorably, affecting approximately 100,000 life-insurance policies
bought, during .the war emergency period, this company has' announced
the removal off.iwar and
.
aviation liability limitations,
with certain
:
exceptions as .to aviation.
This action is retroactive
as
to
deaths
«■. occurring ori ? or after Sept. 2, proclaimed by President Truman as
^
*-;-5 •' •
-•
- •
• *•- •';
*■ V-J' Day.
The. limitation of
liability incident .to.,war hazard will not apply
.
Company on Sept. .20 filed With the Securities and Exchange Com/mission
a
registration statement covering "100,407 shares
<$1 par)
common
stock.
Public offering of the stock is expected to be made
3ater by a banking group
headed by R. H. Johnson &, Co. and
&
Mutual
War and Aviation
'(
stockholders
Oct.
with
funds
and
mortgage
Vwaiiam#
company s outstanding preferred or common
dollar
larger
a
—
162,
*;>■'"
r.!?ivix,enl®Xrearages amounted
No dividends
1
xy45.
tne
i'.
Massachusetts
Liberty Fabrics of New York, Jnc.
-Allen
together
Capitalization Giving Effect to Present
Financing
Hodges, Vice-President and Generan Manager of ■ the division— >.
; During the past 10
years, the company has spent more than $5,000,000 for new loans; and other
machinery, and in its building program
>
latter
SEC—
from
general
due
i,
due Oct.
Fffaol
.
«
rail¬
33%
25,000 shs.
payable Oct. 1 to holders of record Sept. 22.
A hke
paid on March. 31. and June 30, last and on. Dec. 28,
being the first payment on this issue.Arrearages
was
the
1944
were
street
30,000 shs.
par value,
amount
104 35
Memphis
and
principal
•
on
of
account
on
in
from
service
$3,464,000),
$221,400)
to
bonds)
nivinv
service
was derived
coach
(estimated
(estimated
used
maturity on
of
bus
income™
1172.
directors
common
to
City of Memphis
1945, operating revenues
Authorized ■>
Liberty Baking Corp.—50-Cent Distribution— C}:2 f
The
Its
par
■V~'
.
proceeds
cash
$782,900 series
H.
■'
of
more
the
31,
trolley
required,- will be
"I* •'
/
or
ranging
fcr^,Jn(£/Jser[es A bonds,_
B
l
tT—ii ''
28%
additional
be
interest
.
prices
>:■
franchise
months
Purpose—The
136.
*2648.
p,
dissolution, of 70%
% $6,250,008, of which approximately 33%
extra-.
1,423,783
•
t
in
redemption
non-exclusive
a
For
current
asset
p.
step
a
special
maturity;.^;.^^:
trolley
under
a
.
cents
as
the
C ,„^m^JrTTh€, compftny was incorporated In Tennessee March 28,
$ if?!®; Chart!r, ls Perpetual. Company supplies local electric street
railway, ..electric
Margjiy Oil Corp.—Proposed Consolfdation:
vifeS
%
15,
of
out
r, may
2,947,641
;
-
dividend
$7,313,946
$8,320,027
$8,515,850
v 2,244,602
the
Oct.
fiscal, year-end
payable
cash, at" the "option of the shareholders.—V. 162,
1942
-
A
The
•
"V
.•
»
■
.
and
payable
special
share,
per
of five cents and
extra
each, extra;, and
-
•
J
cents
at
according to
,
from railway—
Net
1945^.
$6,717,049
1,679,783
295,891
railway, i—
oper.
V\/1 irrvion
£■'' V-,
.V
Lehigh Valley RR.—Earnings—
•
\
(n
75
a
April 16 and, July;. 16,< last.
Payments in 1944 were as follows: Jan!
ioxcents; April 15 and July 15, 10 cents each regular and 10 cents
Ja
.
,
-Ji
share,
per
An
set lorOpt.5.
\
.The company will amend the plan to give preferred stpckholders the
nf
4*
rhltf*
light to elect a majority of directors in default of payment or four
quarterly.dividends.—V. 162, p.ll71.:.V
*
of
declared
have
profits -on .Oct.- 27,
Kings Couuty Lighting Co.—To Amend .Plan
New York P. 6. i Commission wlU consider the; plan .jfor vrecapi
The
talisation of the company at a second hearing
acquisition,
stock,
able in Stock
v
1515
Net inc. alter all
and taxes
Earn,
pfd.
per
-
charges
„
1945—6 Mosv—1944.
-
I
t",. 1945—12 Mos.—1944
-
.
.
,
.
.
„
$1,702,472
$1,834,291
$3,059,797
$3,443,951
$13.61
$14.67
$24.47
$27.55
share-^.
J61i p. 2662,
^
Annual Report-~1945
194^
$5,659,943-
lrdrnT prod¬
produced, cand other income™.
$3,214,614
.
greatly
t
bated
ucts
Mr.
•
McCord's "letter also stated that the indications have been that
and 1965. Principal and
tProductions *costs and other expenses^.—™—
*6,438,244
3,643,318
interest (April-1 and Oct. 1) payable in lawful money of Canada at f the-demands of the company's principal prewar, customers will exceed
principal office of the company's bankers in the cities of Montreal, -- its capacity. to produce and that additions to equipment and plant
profit from bperations_____^7_______«.______
$521,699
*$428,704
'Toronto, Winnipeg and Vancouver.
Serial bonds in authorized m'ulexpansion^fcresplanned to. jneet these demands.
W'-'
Estihiated refund of prior year's Federal taxes
?; The present 6%
debentures • were outstanding, in
tiples of $1,000. - 20-year 4% bonds in coupon form in denoms. of <
the amount of
under
23,000 ?
carry-ba^k) prov. of Internal Rev. Code .
.365,000
•$500. and $1,000, registerable as to principal only.i Redeemable in y $965,500 before application M "the Aug. 1 sinking fund, payment of
Reserve fpr-Jeo^tu^genciefs nq lqnger# required^-"5
,7 .18,232
-whole at any time or from time to time in part in order of maturity t $65,000, according tovMr.^MfcCord'S lette#^" * * / 7
"
1
^ .
•
The corporation • reports for the 11 months
-at the option of the company prior to maturity on 30 days'
'*• Proifit
notice
jJded July SI, 1945, net
for ithe' yeari___i_,
$544,699 7 *$45,472
^at 101 for the serial bonds; the 20-year 4%
bonds to be redeemable * sales of $28,013,965 and net profit, after ,>enarges and Federal and • Federal normal and -surtax—
240,000
Canadian; income and excess profits taxes, of $604,472.
:at 102 if redeemed prior to Oct. 1, 1956; at 101 if redeemed on or
Prior year additional assessment
7,000
Renegotiation, proceedings with respect to the years ended Aug. 31,
rafter such date and prior to Oct. 1, 1961; at 100 if redeemed on or
:after such
1042, and Aug..:31, 1943, have been concluded.
latter
With respect to the *
date;
in each case with accrued interest. ComNet profit for year——
'Jh $297,699
*$45,472
year ended A*ug. 31, ; 1944, the corporatioh' has. been advised by a local ■
imencing Oct. 1, 1956, there will be provided for the 20-year 4% bonds
Cash dividends on preferred stock.—.
212,718
7 319,137
price adjustment board that no refund will be required, which decision *
£an.annual sinking fund amounting to $250,000 per annum. Trustee:
•Loss. ; tIncluding .$263,921 for depreciation in 1945 and $261,497
is subject to -final- approval.f "For the period
London and
Western Trusts
Co., Ltd.
of 11 months ended in 1944.
!■
In the opinion of counsel, these bonds will be legal investments for
July 31, 1945r provision-for renegotiation has been made on the basis
Balance Sheet, June 30, J945
indicated by the.final settlement for the year ended Aug. 31, 1943.—
insurance companies registered under the Canadian and British In¬
V. 162,p. 1394:
surance Companies Act, 1932, as amended.
'
f
•
'Assets—Cash-,- $327;206; -U.
Treasury certificates (at cost plus
In addition to Wood, Gundy & Co., Ltd., other bankers making the
accrued-interest), $1,604,260; miscellaneous accounts receivable, $37,offering include: Nesbitt, Thomson & Co., Ltd.; James Richardson & '
891; loans and advances to and on behalf of beet growers, $340,497;
(The) Mengel Co.—Orders Conveyor System—
.Sons, Ltd.; The Yorkshire & Pacific Securities, Ltd.; Greenshields* & ;
growing crop expenses (current season), $157,289; inventories, $1,218,A two-mile-long conveyorized furniture assembly and finishing sys¬
Go., Inc.; W. C. Pitfield & Co., Ltd.; Pemberton & Son Vancouver,
851;;claim for refund of prior year's Federal taxes under carry-back
tem capable Of carrying 10 carloads of furniture at one time has been $
Xtd.; A. E. Jukes & Co., Ltd.; Lauder Mercer & Co., Ltd.; Cochran,
provisions of Internal Revenue Code (together with interest of
$19,000),
ordered by this company at a cost of $250,000, installed, Warren T.
:Murray ft Co., Ltd.; The Western City Co., Ltd.; Hager Investments,
$388,000; other miscellaneous assets, $5,118; deferred charges, $66,493;
Green, Vice-President in charge of its Furniture Division, announced
Ltd., and Okanagan Investments Co., Ltd.
plant, property and equipment (net), $4,314,065; tolal, $8,459,670.
•«'
Oct.
due
1,-1945;
Oct.
•
1946-1955
1,
.
,
(
,
—
.
.
.
•
.
today (Oct. 1).
'
\
"The; conveyor, system is paxtoof $700,000 in contracts already placed
out of
the division's total iMldget/ of $1,500,000 for new furniture
manufacturing equipment, MrJlGreen said.
A
:
Madison Square Garden Corp.—Annual Report—
Comparative Income Statement for the Years Ended May 31.<
•
1945
1943
1942
$4,257,004
$3,306,640
The
3,094,657
2,322,961
$1,162,347
$983,679
$901,846
furniture.
finishing system will occupy two floors of the large
factory Mengel will devote exclusively to bedroom suites
under its post-war plan ;for large-scale production and sale direct to
assembly
retail
Operating income
other
^Miscellaneous income.
14,907
19,947
25,771
16,665
$1,263,281
$1,182,293
$1,009,450
$918,511
of
stores
branded
a
and
nationally advertised line of
'
•
-Cost
'
income
of
convert,
to
43^33
__
2,823
321,813
118,401
8780,000
Other deductions
;
Frov.
for
depreciation.,
Prov. for Fed. inc.
taxes
116,310
24,702
139,430
150,727
J429.0C0
*469,200
22,240
^Dividends
Outst.
t390,000
per
$315,171
——
225,899
"This
-
220,300
work
$355,544
can
"tax
(less post-war
/ ;
excess
carloads
moment."—V.- 162..
•After
all
tax
refund of $62,000), $558,000.'"
charges
.
,
'
provision
for estimated
Results
for
Three
Months
Ended
1
Federal
?
August
31
,
■
$52,877
income
7
/
1945
•
Robert
operation
P.
riding, the
at
conveyor
D.
879.
Calkins,/dean
the
^School
of
Business
,
Net
•
The bonds were
sprices^rangingf from 100?'t<p l04.341 according
maturity^v.V'; ^;
tT
!' .The bonds
deposits in banks and cash on hand, ; $1,421,772;
tax savings notes, series C, at cost, $400,000; accounts
^receivable .(after allowance for doubtful accounts of $1,611),-$143,426;
inventories of concession merchandise, fuel and other operating sup
were
•
awarded Sept. 24 to Equitable Seeurities Corp. and
from
r '7
•
railway
from --railway
'Excludes
—V.
162, p.
.
income—
Wisconsin
1172.
Central
;
-
,
The
charges, *$67,958,
total, ^4,916,872.
v
.
-
other
190.I1Q62.-for
vx
ex-
combination of
.
•
«afned
at
cost,
$1,565,199; capital stock in treasury (48,600
Fr$709,171; total, $4,916,872.—-Vi 161, p. 1544. " -
surplus,
shares), >
'
1
' jm« vj-at.
/at-zgeneralir-edeinpUon^priceSi
.interest according /to^maturity.
The bonds-will-be redeemable,
*
$129,889; advance rentals, sales of advertising space, etc.,..
■$20,316; provision*for Federal income and excess profits taxes, $867,261;
Reserve for contingent hockey expensesr.$10,OOQ; capital stock, no par v
-value
(issued
268,900 shares),; $2,798,259;
capital surplus, $144,791;"
jjenses,
.'
5,500,334
tlncludes
Wisconsin
-6,868,724
3,931,340
Central
Ry.
-feSi
& Light (>.—Bonds Called—
,
Holders
to
may
date
obtain
for
set
Immediately
the
redemption,
upon
full redemption price,
plus
presentation and surrender
©f/anympf (jaJUt bopd$rr¥» 162. p* 1395.
Missouri-Kansas-Texas
to the;issuer^qf ^3.94285Kidder, Feabody & Co. and Blyth & Co.,
'
±
taxes and
26,520,258
8,663,150
4,319,686
has xalled for redemption on Nov. l, next, all of the
outstanding first and refunding mortgage gold bonds, 4Vs% series
due 1978, at 10iy2 and interest, and on Dec. 1, next, all of the out¬
standing first and refunding mortgage gold bonds, 5% series due 1965,
at 102 and interest.
Payment will be made at the Irving Trust Co.,
corporate trustee, 1\ Wall,St., New York; N, Y.
on
their bid of 100.60 for a 4% coupon, a net interest .cost
tha'Wiiei-nf 3^4285^^
Kidder* Peabod-v Ae Cn
and
Blvth fe'Co
p,WT-:^Vflmotice
Liabilities—Accounts-payable, $90,327.;^ accrued
30,186,132
5,556,143
associates
t
'
and
722,266
20,024,502
coupons, * net
interest cost of
-
RR*—R. J. Morfa Made Board
CKairman----New ViCfe-President—
,
auj
ranging
ume uii
from
at
icaau
100 to
ju
uayo
Morfa
Mr.
105.22 and
retire
an
as
*
in
the
inverse
order
of
their
The
matur-
ities, upon likej.notice with cash deposited with the trustee for the
maintenance and replacement fund or with certain proceeds of the
release of property- which must be
applied to retire bonds or with
cash depositedvtfor the:purpose of redeeming all the company's bonds)
within 12.months from the consolidation or merger with, or the transfer of substantially all of its properties to, another corporation, or the
ii
,v-<
Donald
and
V.
To
to
Morfa
E.
B.
Sloan
as
in
and
who
Fraser.
with
duties
of
VI
Mi*.
tbe
a
President
.
to
the
was
"
new
Chairman
th»
will
Pierson
•*
heretofore Executive Assistant
the M-K-T
for
28
years,
,
hi6
the
*
of
last.
that it hopes to choose
_
been
has
President
June,
and
director
a
Pierson,
office
also announced
'
assume
Assistant
take
'1
connected
President.
J.
Chairman
today (Oct. 1) when Mr.
officer but will continue as a director.
will
company
shortly.
R.
Lewis
of
Matthew
sinenses:
1,221,839
*•
elected
DreDaid-
1,230,229
246,865
succeed
*2 647 874*
'
$3,906,685
1,663,694
company
interest
;
tl942
$4,616,279
-
Ry.
•
Minnesota Power
.*
-Earns.-;—
406,569
duties
OOVi
Spruce
506
'
/refund
nf
trustee,
tl943
$2,501,223
16,836,193
-3,188,284
1,657,104
..
""
*1944
*1945
acts
.
Co.,
i'-j
from
Net ry. oper.
Columbia
of
Trust
' '■
'
■
from
From Jan. I—-
of
Lackawanna
railway—$2,454,258
railway—;.—_
629,557
-Net ry. oper. income™. *> "• 268,308
Net
given
any
Scranton
Pa.—V. 133, p. 493.
Minneapolis St. Paul & Sault Ste. Marie RR.
than 10
more
the
August—
Gross
offered/at
to
^Assets—Demand
plies^ A
in full
$175,000; epeji Oct 1,1946. through 1965.
1944
$143^79
TJ. 6. Treasury
r
-
.
Balance Sheet, May 31, 1945
,
furniture
(
:V'■
v
Memphis Street Ry.—Bonds Offered—A group of un¬
derwriters headed by Equitable Securities Corp. on Sept.
26 offered $3,500,000 4% first mortgage serial bonds, due
and
$59,525
..
depreciation and other charges—
of
$747,108;
$8,459,670.
■
1944
.
^
Net loss after
When
at
St., Scranton,
University and . a- director of the New York Federal Reserve Bank,
has been elected to the boards of directors of this company and of the
McGraw-Hill Book Co.—V. 162, p. 987.
profits' taxes/,..^..^—
1
-
McGr$w-HtlI- Publishing Co., Inc.—New Director—
-
"
$96,961
and
day.
will. be
a
value),
par
the outstanding 6% sinking fund gold bonds havfe been called
redemption on Nov, 1, next, at 102 Vi and interest.
Payment will
made
Gross
profits tax.
—
.
.
be
$1.44
1945'
<excess
shifts
246,500
Results for Three Months Ended May 31
profit
three
319,125
v
''"Net
run
$1.36
(less post-war refund of $28,8()0)
^Includes excess profits (less
•$26,000 credit for post-war refund), $234,000.
§Includes excess profits
tlncludes
be
.
no
$150,320; total,
All of
for
a
..
$1,777,677; earned surplus,
(The) Milton Mfg. Co.^ (Pa.)—Bonds Called—
whole assembly and finishing system," said Mr. Green, "will
a
unit, turning out 50 complete three-piece suites an hour,
cycle being approximately eight hours, so that if necessary it
243,300
$1.35
>
As
(outstanding 747,108 shares of
1405.;
•
as
total
245,674
232,500
$1.64
$332,184
,
238,674
shares-
""Includes Federal excess profits
■of $259,200.
;
$362,057
share__A_
——
common
Earnings
<
—____
work.
.
a
Net", profit
the -installation
do
payable, $138,859; accrued taxes, payrolls and
$80,756; provision for estimated Federal taxes on in-r
6% cumulative preferred stock ($10 par), $5,317,950;
bedroom
•
sub-contractor, the PalmerBee Company will furnish the conveyor;. DeVilbiss and American Air
Filter Company, also sub-contractors, are furnishing the spray booths,
filters, etc.
-.,
■
■
coal
burning equipment
and
stock
capital surplus,
160, p.
—V.
Drying Systems, Inc., Chicago, prime contractor op the conveyor¬
assembly-finishing system, Will furnish-the heating units, ovens,
etc.,
$247,000;
common
*
ized
Total
accruals,
come,
Louisville
3,476,034
$3,285,116
2,383,269
$1,248,374
exp.
1944
$4,724,408
Operating revenue
Oper., gen. & adm.
Liabilities—Accounts
,
•
Chairman,
elected
Vice-
/
Morfa
resigned
Chesapeake
&
on
Ohio
Sept.
Ry.,
24
and
as
at
iitft
s^nw*a;i>~
i-i'tT— m" TriTirrfr1i';f •
lymfffiwiVi
Kki^*
■„■
■
-Aasayf?
C
cr^:^A-. •l;-/>if:s»gw-.r:
::,■&&
..
■'•"V
THE COMMERCIAL & FINANCIAL CHRONICLE
1516
and of Pere
Louis BR,.
Chicago & St
York,
New
of
Vice-President
Marquette Ry.
Simultaneously he severed his association with
Alleghany Corp., which reached back to 1932.
Mr. Morfa said that his first step as M-K-T | officer would
\
railroad
of
P0SJ.tni®nnft^vdis^,he
capital
a
and dividend arrearages on
has interest
bonds
gage
of the
readjustment for the company,
rae
its adjustment mort¬
and preferred stock.—V. 162, p. 1395.
probabilities
the
railroad
J?e *o
aspects
with the physical and financial
and that in the meantime he is not in a
himself
familiarize
tne
Harriman Ripley
watnng, jw;rcnen & Co;u;**< v-r; •; >••»•<.
the financing will be used, in whole or in part, in con¬
a*/w*»^luoV
Proceeds
nection
Payable Oct. 1—
Missouri Pacific RE.—Interest
share of
real'
1945, the following interest
of J. P. Morgan & Co. Incorpo¬
be made at the office
the first and
Aug. 1, 1937, and Feb. 1, 1938, on
mortgage 5# gold bonds, series A, due 196o,
Interest due
refunding
The
Oct. 1,
that beginning
announced
is
It
payments will
,
1, 1937, and March 1, 1938, on the first and
gold bonds, series F, ^ue
,Ilt..
(3)
Interest due May 1 and Nov. 1, 1937, on the first and refunding mortgage H%
gold bonds, series O, due 1978,
(4)
Interest due April 1 and Oct. 1, 1937, on the first and refunding mortgage 5% gold bonds, series H, due 1980!
yakinterest due Aug. 1. 1937, and Feb
1. 1938 on the first and
refunding mortgage 5% gold bonds, series I, due 1981,
«
.t
(6)
Interest due Dec. 1, 1935, June 1 and Dec. 1, 1936, and June 1,
v
1937, on the Central Branch Union Pacific Ry.'first mortgage 4 U gold
Interest due Sept.
<2)
refunding mortgage 5%
„
^5)
*
InteresT
disinterest
'
RR.
due Jan. 1 and July 1, 1937, on the InternationalRR. first mortgage 30-year 5% gold bonds, series B,
Northern
Great
1 and July 1, 1937, on the International1st mortgage 30-year 6% gold bonds, series A,
Jan.
due
Northern
Great
dU?9)19 Interest
Jan. 1 and July 1, 1937, on the Internationalfirst mortgage 5% gold bonds, series C, due 1956.
The New York Stock Exchange rules that the said bonds be quoted
ex
the above-mentioned interest payments on Oct. 1, 1945, and that
Mid bonds shall continue to be dealt In ••Plat" and to he a delivery
in settlement of
exchange contracts made beginning Oct. 1, 1945,
must carry the subsequent coupons.—V. 162, p. 988.
due
each case.
Until Oct.
fund
elected
been
has
Rand
William ashfcNear
shares
In
fiscal
aS
Ii^an
n ou
nclng °Rand's
Chairman ofthe
election f Edgar M. Queeny,
agreed to extend his service beyond
the normal retirement date
as Executive Committee Chairman
and
board
member at
the request of the board of directors.—V. 162,
p. 1395.
*
'
that
said
Belknap
Mr.
addition to Harriman Ripley & Co., Inc. and Watling, Lerchen
Co., the members of the underwriting group consist of: Merrill
Lynch, Pierce, Fenner & Beane, Hcrnblower & Weeks, Eastman, Dillon
& Co., F. S. Moseley &
Co., Bacon, Whipple & Co.y Equitable Securities
Corporation, Hayden, Miller & Co., Kebbon, McCormick & Co., Reinholdt & Gardner, Dean Witter &
Co., and Singer, Deane & Scribner.—
&
an
Co.
•
'% The
bl
*
company proposes
which
by
assumed
and
prior
non-callable
I
expected
halve
to
,
f|
from
ry.
Net
Net
fixed props,
1,669,133
1,755,832
1,838,425
19,816,102
15,786,737
4,170,000
11,280,193
4,265,000
prolits
•i,Xb.ess
of the
/visions
common
per
705,439
5,217,147
5,217,147
$1.48
1.—
dividends
Earnings
6,846,736
705,439
5,217,147
dividends
A
Commcn
7,305,193
705,439
8,401,102
profit for period
Net
Class
—
w
$1.18
$1.26
share
reiundable excess profits taxes of $350,000.
"Less
.;S
Balance Sheet, July 31, 1945
$21,027,713; U. S. Government securities (short term),
$60,587,913; receivables'(alter reserves for doubtful accounts and col¬
lection
expense
of $6,115,915), $46,568,488; ^merchandise inventories,
$139,377,921;
prepaid catalog costs and expenses, $7,893,427; fixed
assets
(alter
reserves for
depreciation of $37,043,033), $36,761,507;
leasehold improvements (after amortization), $4,212,081;
total, $316,Assets—Cash,
429,060.
payable. $15,320,421; due customers, $9,356,910; net cash outlay by
Army, $3,809,700; accrued expenses and
miscellaneous taxes, $8,174,491; reserves for possible future inventory
Liabilities—Accounts
Montour
Gross
Net
from
from
Net ry.
railway—-
Gross
1—,1
ry.
railway
railway ~
from
1942
$286,084
$245,336
119,373
81,268
73,452
2,036,348
639,494
716,825
474,812
524,995
1,917,429
770,136
542,158
1,770,541
712,292
502,781
989.
p.
Morris Plan Corp. of America—To Retire Notes—
The
corporation has called for redemption on Oct.
1,
1945, all
outstanding collateral gold notes, series of 1929, maturing in
said month, and on Jan. 1, 1946, all of same issue of notes
maturing
of
its
in
said
issue
month
of
notes
and
in July,
maturing in
1946,
said
and
April
on
month.
1,
Y\
^.N
to
From
accrue.—V.
and
after
162,
p.
the.
redemption
v:,;\
1395.
dates
interest
of
all
will
be
same
made
York,
cease
This/j corporation
which on Aug. 28 purchased at
$30 a share 55.8%
the/('capital stock of the Rollins Hosiery Mills, Inc., from the Rollins
stockholders, is offering to purchase, at the same price, through Sept.
j27, the remaining shares outstanding.—V. 162, p. 1173.
.
'..v
;
•;
.
•
>
•
,
w
.•
Murray Corp. of America—Rights to Stockholders—
4%
series ($50 par)
at $50 per share
preferred stock for each
r
-r
.*rN
•....
on
100 common
pire at the close of business Oct. 8,
-
$387,634
329,052
$176,327
the basis of
shares held
1945."
This offer
11
shades
The
is
of
Uie
rights ex¬
being
under-
$4,398,809
490
419
2,059
1,269
$852,591
above..
$889,720
$852,591
n.iu'it,
y
Mi
r.
vi
c.,
$4,397,540
$4,397,540
2,086
864
$889,720
$4,605,017
$4,398,404
86.2«9
82,178
323.650
335,617
taxes
Cr569
43
2.399
3,346
9,465
4,648
24,038
18,732
Cr3,411
16,000
6,889
50,700
$762,032
$786,851
$4,248,041
$3,989,281
deductions-
728
tax
107,926
$58,583
$635
>
946
$429
•
1,392
1,477
$59,528
income
and
"
State
$2,028
728
■
$1,907
L
124
800
Statement
Period End. June 30—
Total
Int.,
unit
respective periods
of
Income
(Company
whether
0nly)
1945—12 Mos.—1944
$151,238
$524,201
$608,179
$1,583,927
86,269
82,178
323,650
Cr569
43
2,399
335,617
3,346
9,465
4,648
24,038
18,732
Cr3,411
T6~000
6,889
50,700
$421,332
$251,203
$1,174,804
taxes.,.
taxes..
etc.,
deductions
income
728
~
tax
$1,070
income
$59,484
Balance Sheet,
cash
270;
Corp.—Increasing Units Capacity—
is
simultaneously being carried out at the
Big Island, Va., mills of the subsdiary, Bedford
Pulp & Paper Co.,
Inc., where production likewise will increase substantially with resulting marked improvement in quality together with
lowering of unit
cost.
It is expected that the new
equipment being installed in this
,Y;S,
un(*er
program will be completed
and
in operation
June
30,
1945
securities,
subsidiaries, consolidated, $117,666,demand, $768,394; special cash deposits, $359,investments,
U.
S.
Treasury
bills,
$499,603;
accounts
receivable, $314; dividends receivable, subsidiaries, consoli¬
dated, $150,043; other current assets. $1,000; total deferred charges,
$9,481;
reacquired capital stock
(17 shares common
stock),
$307;
217;
cost.
program
to
1945—3 Mos.—1944
Income
Expenses
Other
applicable
unearned.—
713
$1,223
requirements
Comparative
Federal
taxes
surplus
dividend
or
.
in banks,
temporary
on
cash
$119,454,634.
_
Liabilities—Common
accounts
stock
payable, $36,682;
—Tennessee
Publjc
(5,456,117
accrued
Service
Co.,
shares,
liquidation
long-term
$327,826;
$98,456,795;
par),
no
$73,028;
taxes,
debt
account
for
called
redemption, including premium and interest (cash in special deposits),
$184,729; $6 preferred stock retirement account, including accumulated
dividends
(cash in special deposits), $174,541; reserve for losses or
adjustments with respect to capital assets, $6,994,908; reserve (appro¬
priated from capital surplus), $281,378: capital surplus, $199; earned
surplus (restricted as to dividends), $12,924,548; total, $119,454,634.—
V.
162,
1287.
p.
-
Naumkeag Steam Cotton Co.—Reduces Par Value—
.
within
the
next
"Following
booked
nage
and
the
tinued
The
•
.
stockholders
of war with '^consequent cancellations of tonpurpose, civilian demand has been very strong
all the companies' pulp and
paper mills has con¬
war
of
capacity
operation.
that
if
the
present
general reconversion in civilian
the
very
strong demand for
industry
shipping
indefinite period."—
pace,
civilian goods will continue
Tr0n.< ^iners
for
162, p. 1173.
National
an
from
A
-
letter
Atlanta—Regis¬
the
in
Atlanta,
as principal underwriter, '
"
. '.
The company is
offering 28,756 of the shares in
of its outstanding $5:50
' ^/'""'•V''
•
-
v
"
exchange for 14,378
preferred stock on a
two-for-one_ basis. The balance of 12,000 shares of the $2 cumulative
preferred will be sold to underwriters who will make a
public offering
of the stock at $41.25 a
share.
The underwriting discount will be $2 a
share;?;;/-' v.1.''
?'•
..'
V "'..
Shares of. the $5.50 preferred not
exchanged will be' caUed for
redemption with the proceeds of the sale of the
12,000 shares of $2
preferred.—V. 162, p. 784.
shares
prior convertible
m
;
r,.
Fibre
■
Co.,
Wilmington, Del.—
$8,000,000 Deal for Company—Public Ownership of Pri¬
vately-Owned Company—
'
*,
c°mJ?*ny> known as the leading producer in this country
fibre,
registration
writing
basic
a
product
statement
headed
group
by
used
the
involves
admission
was
senior
will
the
group
to
the
than
more
public
in
»\ \
According
Rollins
oi
formed
of
in
many industries, has filed
covering the proposed sale to an
under¬
Union Securities Corp. and E. H. Rollins &
Sons^ Inc., of a substantial maiority
transaction
The
into
1904
and
*
y
the
stocks
$8,000,000
ownership
is
>,
registration
of
and
of
of
the company.
is preliminary to
the
The
company.
headed by J. Warren Marshall
j
statement,
\
the
v-'"' s
Union
'>
as
r,>
Securities
and
will
buy a majority of the common stock and all of the
after which the company will be
recapitalized and
additional common
stock
to
the underwriters for' a
securities,
sell
offering.
Upon completion Of
public
the
transaction
the jcompany
will
a
have
value
par
stock
to
on
Sept.
$20 per
14
voted to
reduce
v
a?
•?c
*
*
by
of
counsel
its
each
dividend
laws."—V.
share
four
of
that
from
shares
i
'■(> K .4
Dwight
Omaha
Power Co.
The
Griswold
held
opinion
$20,
to
the
and
share
each
the
the
of
162, p. 571.
Nebraska named seven directors to the
for the acquisition of the Nebraska
public by the transitory non-profit
of
Electric
in trust for the
Committee.
•
,■
district, authorized by the State Legislature, came into
29 with the certification of petitions signed by more
than 30,000 persons asking for its creation.
* ••!..>*
The new directors are:
Carl A. Swanson, David Goldman, Roy E.
power
being
Bott,
J.
v
M.
August
Samuel L. Cooper, Charles D. Saunders, Karl C.
Harding.
("Wall Street Journal".)—V. 162, p. 356.
and
Brown
•
Neptune Meter Co.—Offers Exchange Plan—
The
directors
on
Sept.
voted to offer to holders of
22
the $100
par
preferred stock an alternative choice for the exchange of their
holdings.
~>
One proposal Would exchange each present 8%
preferred share for
2%ths shares of a new $2.40 cumulative preferred stock, par $50, and
8%
callable
at
for
three
of issuance.
Thereafter,
point for each
of issue, after which the call
price would be $50, plus accrued dividends.
*
'' v
The alternative offer would exchange each present qpreferred share
for two shares of the new $2.40 preferred stock and IV2 shares of
52
at
such
successive
12
years
year
for
present class A
6XCh&n^C«- ;iM
date
price less one-quarter of a
from
stock,
common
after
years
it would be callable
date
plus
accrued
dividends
*•'»'*
Ar->•
have
to
date
:' ' 'T.
right to exchange part
stock'for one.proposal.and part for the other,
would
Holders
the
of
8%
•>
of
"*
preferred
•■>
If
present stockholders do not accept either of the above proposals
extent deemed necessary by the directors to make it advisable
to create the new preferred stock, it is plannd to forego the exchange
and instead call for redemption
on a
pro-rata basis approximately
two-fifths of the outstanding preferred and redeem the balance as
soon as
satisfactory arrangements can be made.
to
the
Should
ities,
the
a
sufficient number of
directors
may
still
a-.-:- <
n.
.
their
$100
for
public power district
now
yriwt* 'i-y
t
r.-.t
$20.
in
Nebraska Power Co.—Seven Directors Named—
new
■
it
share.
of $20, will not result in the realization by the stockholders
income, or in taxable gains or losses, under present Federal
taxable
Massachusetts tax
■
Vwteanfced
of
advised
or
Omaha
The
corporation hgs filed with
the SEC a registration statement
covering 40,756 shares of $2 cumulative
preferred stock (no par), with
stated value of $25 a
share, and named Norris & Hirshberg, Inc., of
a
meeting
$100
par $100. to 246,055 shares, par
the stockholders said, in part:
of
has called for redemption on Nov. 1, next, at 100 and
interest, $100,000 of first mortgage convertible 5V2%
bonds, series A,
due Nov. 1
1946.
Payment, will be made at The Continental Bank &
Trust Co.,
trustee, 30 Broad Street, New York, N. Y,—V. 162, p. 989.
National Manufacture & Stores
Corp.,
ters With SEC—
'
to
company' is
par value
Fireproofing Corp.—Partial Redemption—
from
the
49,211 shares,
recent
"The
reduction
company
vulcanized
special
a
value of the stock
par
Following
distribution
The
at
stockholders' meeting the directors declared a stock
dividend of four new shares, payable Sept. 14. on each old share.
By
this action, stock outstanding in the hands of the public is increased
output
at
days.
the
appears
maintains
its
V.
30
cessation
for
holders elect to exchange
consider
calhng
';
.'f/'W':
S4.602.931
$4,602,931
$889,720
1,195
income
$108,355
175,692
Coppers, General Counsel since 1938, has been elected
succeeding Roy E. Tomlinson, who has been elected Chair¬
board.—V. 161, p. 2112.
President,
The corporation is offering to stockholders of record Sept. 26 the
J*
subscribe to a new issue of 104,500 shares of cum. pfd. stock,
new
etc.,
earned
H.
company
_■
5,269,604
$4,605,000
taxes..
"Full
1943
,
Minority Stock of Subs.—-
as
Balance,
''1944
1945
at
New
shall
Avenue,
v"
•
Muhsingwear, Inc.—Seeks
of
1946,
Payment
the^ffice of the corporation at 420 Lexington
5,201,537
$890,139
$853,786
Federal
108,227
v77,674
;
-
1,959,451
income
oper.
162,
.65,929
1943
$282,200
"109,671
$262,105
"90,488
•
1944
1,304,303
$853,081
taxes
Gov.
!
1945
*
'
from
Net
Net
—V.
incomei__
oper.
From Jan.
total, $316,429,060.—
RR.—Earnings—
>:
railway--...
2,887,784
Other
total,
price decline, $16,000,000; reserve for self-insurance and contingencies,
$2,735,094; $7 Class "A" stock (205,000 shares no par and 5,217,147
common shares.no par), $149,288,340; Class "A" Treasury stock (3,446
August—
3,424,462
$35,280
further
1,288,578
public..
1395.
similar
8,260,576
$9,668,413
income
Int,i
Kipnis, President, on Sept. 22, stated:
"A capital expenditure has been
authorized to increase the capacity
of the recently
acquired subsidiary* Ontonagon Fibre Corp. of Onto¬
nagon,
Mich., which, when completed;!; will increase the capacity of
the
Kraft pulp and board mill
of
this
division
substantially and
"A
8.232.168
$9,306,537
Total
5,308,666
23.520
"It
shares), j0r$252,676; earned surplus, $111,996,780;
V. 162, p. 13*5.
1
Other
10,365,865
the
reduce
2,073,602
'
equity
7,378,021
2,620,741
National Container
CJ-230,000
to
Exps.7"eXcl.
National Biscuit Co.—New President, Etc.—
of
103,995
$2,194,442
interests...!.
Federal
income
George
168,949
1,976,963
equity of
com¬
pany in inc. of subs.
17,649,937
•
Federal
President
31,986
$4,268,044 $18,038,705 $17,928,989
$2,141,659
nority
27,431,597
income
man
20,932
etc.,
____
Assets—Investment
^
12,402
$17,869,756 $17,824,994
Net
28,395,580
revenue
from
p.
6,404,681
Portion applicable to mi¬
27', 143,349
income
162,
public.,
divs.
Federal
for
40,699
Balance
522,618
income
Gross
4,642
$4,236,058
$4,118,622
Balance
"Pfd.
256,148
revenue
operating
to
6,106,654
$4,231,416 $17,857,354 $17,804,062
3,768
(net)
income
deductions
144,220
expense
Net
864,337
1,633,567
$4,077,923
*
_____
income
171,513
2,773,806
1945—12 Mos.—1944
,ri
Operating
and
Subs.)—Earnings-
432,169
$4,074,155
7,423,008
Operating
Other
Fa.,
re¬
oper.
revenues..
fr. lease of plants
Net int.
1,028,835
Samuel
__
Rev. Act
$2,694,302
1,314,964
989.
p.
Square,
n
'
National Power & Light Co.—
$3,815,972
income—
oper.
162,
Kennett
plant
adjusts...
retirement
Gross
National Airlines, Inc.—Earnings—
4,770,000
profits taxes recarry-back pro-
under
fundable
5,145,060
—6,270,000
taxes
Rent
Net
1942
628,984
failway
the
National Vuland subsidiaries are located at
$21,503,919 $20,687,242 $86,603,166 $84,632,532
11,331,124
10,695,745
45,133,199
43,462,181
3,104,457
3,021,469
12,152,371
12,359,134
1,136,702
1,105,045
4,484.251
4,602,474
1,425,312
Net
taxes on income
and State income taxes
Prior year's excess
1943
$3,448,996
Month Ended July 31—
.
Net profit before
Federal
1944
January 1—
ry.
—V.
268,302,284 247,819,313 271,253,407
taxes
Deprec. and amortiz. of
F.
289,787,519 265,361,882 284,372,025
-
sales, selling, and gen. exps.,
other than income
and
.
Leslie
radios, according to
Muter, President of the
for
761,801
income—
The
and
by
program, the company expects to
on
the New York Stock Exchange.
appropriations.
Other
$3,225,694
frony railway—.
from
Net
1943
1944
1945
sales
Net
Cost oi
railway
railway
oper.
From
Gross
Inc.—Earnings—
6 Months Ended July 31— *
Net
of The Rola Co.,
Company, manufacturers
Rola
speakers
1945
lrom
Net
Net
Prov.
Montgomery Ward & Co.,
acquisition
Nashville, Chattanooga & St. Louis Ry.—Earnings—
on
'
a
a
_____
electric
capital stock
the
by
plastics,
financing
Operating income
formerly associated with Operadio, will be President
Manager of the Rola company,
which will
now
be
division of the Muter company.
Ben Engholm, former
principal stockholder of Rola, will remain with the
consulting capacity.—V. 161, p. 2112.
and
Deductions
;,:..
20
phenolic
acquired
be
1945—3 Mos.—1944
revenues
of
serve
Mutual Creamery Co., Salt Lake City,
Utah—Acquired
—See Creameries of
America, Inc. above.—V. 155, p. 505.
company s
present.—
at
$2,293,000
about
from
requirements
interest
162, p. 676.
V.
aside a
bonds.
present debt is
its
of
Replacement
annual
under¬
which are
issue, how¬
specially earmarked reserve ol
Butte Electric & Power Co. first 5s
to their 1951 maturity.
Against this
company has set
U. S. Government
the
$1,693,000
I:
in
first and refunding
debenture 5s now
to find a purchaser for the issue.
Co. also has outstanding about $1,525,000
Power
Montana
ever,
as
endeavoring
is
lying
operated
President
bonds the company
the
outstanding.
These
the American Power & Light Co., the parent company,
redeem
held
are
and to open the
to ask for bids on Oct. 13
calling the
$10,589,900
with
the
magnet
Sept.
on
all
subsidiary,
will
s
its
taxes
Property
'
King,
General
—V.
cfoincid'ent
-will
has
company
acquired
its
permanent
announcement
Gross
filed a registration statement with the SEC
covering the proposed issuance of $40,000,000 of new 30,-year first
mortgage bonds.
Proceeds of the issue, .together with corporate cash,
will be used to pay at the call price of 105 the $44,202,000 outstanding
first and refunding 3%%
bonds of 1966.
The
has
and
and
of
its stock
underwriters will
(r?et)
company
dynamic
laminated
the company
and
Newark, Del.;
expenses
taxes
Federal
Other
1395.
(The) Muter Co. of Chicago—Acquisition—
This
-
the
of
Subsidiaries-
Amort,
of
of
National Power & Light Co., (&
which the
purposes.
August—
Co.—Registers $40,000,000 Bonds—
Montana Power
t :Svi-;';!
market
In
Inc., Cleveland,
common
shares
executives
be Eastman, Dillon & Co., HornWeeks, Lee Higglnson Corporation, Reynolds & Co., Laird,
Meeds, White, Weld & Co., Central Republic Co., Paul H.
Davis & Co., W. C.
Langley & Co., Spencer Trask & Co., A. C. Allyn
and Co., Inc., and
Kuhn, Loeb & Co.
has been for
p.
new
of
of
115,052
&
Operating
Operating
162.
shares
other
$
515,272
&
92.5% of
its sales was represented
by products for automotive use, including
passenger automobile
and truck bodies,
fenders, hoods and chassis
frames.
Since 1942. substantailly all of the corporation's production
V.
and
and
change in the management.
program, all the minority interests in
Period End. June 30—
year
war
400,220
remaining
1960
no
listing of
principal
blower
Bissell
•
a
in
to purchase
operate
ended Aug. 31, 1940, the last year in
business was not affected by war production,
corporation's
company
board,
the
due
and
The
Marshall
Plants of
completion
annually, will be in operation.
the
and
succeeding
will
earnings
Mr.
Manufacturing Co.
Fibre.
Other
debentures
manufacturer
Yorklyn
Toronto, Canada.
preferred shares, if
available at or below par.
Therealter a cumulative sinking fund based
on earnings and
designed to retire 2V2% of the outstanding preferred
Larry
President,
■ ■;•
on
Co.,
Specialty
debentures
public.
by
Wilmington,
of preferred.
for each share
common
held
There will be
Phenolite
canized
414%
the
to
be
_,As a part of the
Fibre
now
i, 1955, when the conversion privilege expires,
based
Muter
President—
stock
will
of
The
common.
offered
company.
preferred held; thereafter until Oct. 1, 1955 conversion is at
preferred
of
be
common
program
being offered represents the initial series
of 200,000 shares authorized
by the company and is redeemable at
$53.50 per share until Oct."
1, 1947; at $52.50 thereafter until Oct. 1,
1950; at $52 thereafter until Oct. 1, 1955; at $51.50 thereafter until
Oct. 1, i960, and at $51 from that date on, plus accrued dividends in
Great Northern RR.
Monsanto Chemical Co.—New
will
.
estimated to cost between $6,500,000 and $7,000,000.
Of this total, approximately $5,500,000 is expected
to be used for additionar machinery and equipment.
The preferred stock is convertible into common shares of the com¬
pany until Oct. 1, 1955.
For the first five years, that is until Oct. 1,
1950, it is convertible at the rate of 2V* shares of common for each
expansion
an
the rate of two shares of
B§:
shares
-
of
with
Monday, October 1, 1945
;;
outstanding $3,500,000
written by a group of investment bankers headed by
■«v
-
■"M
part
of
their
secur¬
the remaining
.
I
Volume'
8%
1517
Nuihber 4425
162
■
preferred' stock for redemption and in due
the^^issjie for redemption. -
of
tniTend of
At
standing,
in
or
which
part.
—v.
156,
is
are
2136.
15,897
were
callable
There
p.
there
1944
at
time
any
..
8%
$120
at
call the
rest
". ; t
preferred
out¬
course
of
share
a
unpaid" dividends
accumulative
no
•
shares
New York, Ontario & Western Ry,
the issue.
Gross
(J. J.) Newberry Co.—Listing of 3%% Pfd. Stock—
The
New
issued
are
Stock Exchange
York
3%%
of
cumulative
and
has authorized the listing of
preferred
outstanding.—V.
162,
stock
(par
.
100,000
; >
"r
:
Net
ry.
the
week
of
output
kwh.,
Gas
feet,
of
production
year
the
increase
an
162,
a
for
112,289,000
V.
above
week
of
10,763,954
kwh.
the
reported
feet,
cubic
in
feet
week is
or
the
Henri
0.35'j
cubic
above production
week
year
a
ago.—
1396.
p.
162,
of
80%
of
,
5,853,602
464,976
♦367,660
Association
the
reports
kilowatt-hours
number of
its
territory for the week ended Sept. 22, 1945, as
pared with 64,567,484 for the week ended Sept. 23,
.
5,101,914 L-
-
810,239
•
.
163,864 i
r
stockholders
of
a
available
for
of
receive
to
payable Oct.
60,794,028, com¬
a decrease
Sept1.
on
has
'24
announced.that
Electric for two
Noma
ox
declared
been
the
Comparable figure for the week ended Sept.
decrease of 1.04%
under the corresponding
15,
1945, was 62,457,104,
week last year.—V.
162,
.j v*
New
England
Public
Service
Co.
Sub.
Sells
Gas
Business—
The
oper.
New
Idea,
Inc.
See Aviation Corp.
Ry.
Control
—
to
above.—V.
Change
Offer
Hands
Net
from
railway.
accruals—
2,511,061
income
rents (net)_
1,211,351
Cr874,552
Net ry.
from
Net
ry.
162,
rents
Net
The
126,583
141,797
521,186
119,777
All
of
been
2,344,490
2,871,635
18,517,600
21,961,445
175,763
176,136
1,408,488
1,409,088
The
8,640,561
9,530,938
7,212,023
declared
3,810,083
3,747,365
5,303,975
4,086,732
—V.
832,960
779,686
1,087,459
on
holders
The
company.
cation
for
such
Committee
Co., Inc.—Rights to Stockholders—
record
Executive
shares
has
not
of
Committee ,will
shares
common
shares
Canadian
under
of
Fur
the
fur
will
poiicy
any
of
auction
governing
be
Dominion
business
West,
added
of
of
Canada,
the
total
the
issue
(Canadian
to
building
Canada.
The
of 2,500
of
organized
carry
known
balance
working capital of
the
on
24
as
the
of
corporation.
York
Central
Sept.
Period End. Aug. 31-
the
$
July 2.—V.
last
51,386,862
Ry.
oper.
expenses
43,256,068
♦Railway tax accruals.
Equip. & jt. facil. rents
flew
Paul
In
the
load
factor
1945—8 Mos.—1944
$
451,711,926 483.764,390
44.635,689 352,140,010 346,716,931
August,
12,464,695
48,603,185
78,053,579
1,095,71
1,0^5.777
1,282,516
13,034,808
Northern
first
eight
6,079,153
37,933,923
46, 126,984
1,503,939
Miscell.
Total
1.513,968
13,738,857
13, 257,037
Net
5,743.814
165,832
income
♦Incl.
Fed.
income
profits
excess
162,
51,672,780
1,155,462
59,384,021
2,379,210
3.689,315
30,192,065
31,554,675
2,002,958
chaiges
7,593,121
354,176
3,575,024
deductions
fixed
3,549,630
20,325,253
25,450,136
and
Crl ,331,132
taxes—
8,317,986
New York, Chicago &JSt. Louis
Period End. Aug. 31—
Gross
cess
46,196,277
$6,464,105
income
profits
and
$8,764,472
$63,090,013 $68,214,969
\
1,723,500
v
■
<
.
2,991,000
13,490,000
2,974,655
railway taxes—
operating income—
341,498
388,074
2,859,384
Net
917,239
954,034
12,325,374
7,550,845
Net
income
650,146
597,161
8,834,927
4,756,534
Sinking funds and other
appropriations
to
162,
83,333
8,333
425,000
66,666
566,813
-
surolus—__
583,828
8,409,927
4,689,868
1173.
p.
New York, Ne.w Haven & Hartford
Period. End. Aug. 31—
statement,
Net
oper.
RR.—Earnings-
1945—Month—1944
•
ry.
income—
oper.
Income
The
avail,
for
1945—8 Mos.—1944
♦After
rents
real
also
under
charges
rejected
estate taxes
accrued
Terminal
on
and
Co.
taxes
IdC
Oh
Sept.
13.—V.
161,
acquired
The
under
company
mately 80%
the
rate
of
a
'ft
«
Operating
Chinlund.
<
'
7,824,318
and Providence properties;
said
properties
for
Boston
the
.
-
*
..*.■>*
.
in
a
agreement. %
of the purchase price of the boxcars,
charged.
In
company
4'/2%
bonds,
(a)
to
with
applied,
1,
1945.
equipment
to
not
response
bonds
100
saving to
the cash
basis
funds
treasury
bonds
interest
be
to
be
and
be
are
offered
being
accrued
effected
requirements of
will
be
by
interest.
the
proposed
of. $2,434,848
redeemed.. .The
reduced
$26,161,600,
a
All
the
of
outstanding
the
transaction
to
be'supplied
not including the
semi¬
which will be payable on the series B
applicant's mortgaged indebtedness will
substantial amount.
$35,755,810,
Notice of Redemption—
:
refunding
,
.
and
improvement
^
•
'
•
1945—Month—1944
and
1945—12 Mos.—1944
$2,869,373 $36,460,151 $34,882,903
1,164,710
743,958
1,149,358
335,822
804,817
$472,505
$575,375
$6,863,328
212,362
316,592
3.319,509
$7,407,108
3,832,691
$3,543,818
$258,783
117,443;; 1,035,943
$3,574,416
1,631,852
$141,340
$1,942,564
amort
340,997
taxes—___
14,860,017
12,854,391
4,087,234
4,029,780
10,649,542 f. 10,591,623
;
i
Gross
income..
and
Int.
other
deducts.
p
Net
income———
Divs.
$260,143
stock
pfd.
on
83,500
$176,643
—
$2,507,875
162, p. 1288.
I
Oklahoma Natural Gas Co.—Earnings—
Operating
revenues
Operation
i
-
Maintenance
General
Federal
State
913,514
normal
and
surtax
1,395,000 ;
128,000
1,673,735%
'
tax—
reserve
accruals
Utility
$3,211,822
12,945.
$2,508,504
income
income
$2,602,822
Preferred,
Balance
$50
for
162, p,
'V'
427,500
—
1
.:
-
*
■'*
stock-
4
136,562
-
215,732!
% ^ 185,904%
r
value
par
common
809,569
>
requirements—
Preferred, series A, 4%%
$5.50 convertible prior preferred..—
—v.
$3,412,391
*
deductions
Dividend
$3,416,957
; 1
4,566
$3,198,877
% 690,373
operating income
income,
net (Dr):
Other
V 907,630
1,225,000
1,640,000
134,000
1,777,285
1,253,000
profits tax
excess
income
(
.
1
taxes
Federal
<
1945
1944'A
$15,844,704 $14,876,170
6,722.635
5,340,730
546.996,
434,577
12 Months Ended July 31—
$2,031,004 •* $2,064,623"
991.
";;
^
payment
.ol
the
full
redemption
Jan. 1,. 1946, may be received
said bonds.—V.. 162, p. 1287.
to
render of
upon
Olin Industries, Inc.—Forms Export DivisionFormation of
business
of
a
all
new
Export Division to handle the expanded foreign
the
manufacturing divisions and subsidiaries of this
on
Sept. 21 by John M. Olin, President.
Oliver E. Nelson, former Export Manager of the Winchester Repeat¬
ing Arms Co. division, has been appointed General Manager of the
new organization.
Headquarters will be maintained at the Winchester
corporation,
announced
was
divJ$ioa's- hQme.offlcc
Pacific
The
1944.
p« 1288.
Mills—Renegotiation—Acquisition—
company
contract
-aiyNew .Haven^ Conn.—V. 3162,
price
has determined the net amount of $476 987 due under
renegotiation proceedings for the year ended Dec. 30,
according
to
a
submitted
report
to
the
New
Stock
York
Ex¬
change.
Payment to the Treasury is to be made Dec. 15, 1945. Under
the
renegotiation, gross sales less discounts for that year are
to
be reduced by $1,703,525 to $72,555,847.
_
The
company
has acquired the capital stock
Mills, Inc., Rhodhiss, N. C.—V. 162, p^<463.
,
■;
•
•>
'
.
of
,
Rhodhiss
?
Cotton
t
1
t'\^^
Airlines1 Corp. — Debentures
$10,000,000 15-year 3Y2%
convertible income debentures due. Sept.^ 1, 1960 was
Pennsylvania
Central
Offered—A public offering of
made
Sept.
27
at
par
an underwriting syndicate
Co. and Carl M. Loeb, Rhodes
by
headed by White, Weld &
,
mortgage
6%
series B, cue July 1, 2047, have boon called for redemption on
Jan. l, 1946, at no and interest.
Payment will be made at the office
of J. P. Morgan & Co. Incorporated, 23 W?J1 Street, New York, N. Y.
bonds,
the
be
at
will be
to the public by
cost of the proceeds to the applicant
deducted
this
On
interest
promissory notes in
purchase price of certain
be
the
proceeds
saying,of;^$106,270,148 in interest.
From this amount has
$9,5*94,210, the estimated expenses of the transaction.
gross
Immediate
..
to issue at par
further evidence of
company
•
& Co., Inc.—V. 162, p. 251.
$2,722,170
expenses—.
for
Net
refinancing to
Sept. 1, 1975, the date of maturity of the collateral-trust bonds, is
$96,675,938.
This figure has been determined by
deducting
from
$144,467,648 interest at the rate of 6% per annum on $81,161,600 of
outstanding bonds from Jan. 1, 1946, to Sept. 1,
1975, $38,197,500,
the interest on $55,000,000 decreasing by $1,833,333.33 annually, at the
rate of 4J/2%
per annum from Sept. 25, 1945, to Sept. 1, 1975, resulting
been
-
interest.
authorized
the
The
4.62%.
also
bond
authorized
collateral-trust
and
bidders
18,636,273
10,519,215
-
*
/ "
invited 45 banks to bid for the financing of approxi¬
to
F,
4
revenue.—
Gross
1430.
p.
not less than 93 and accrued interest from Sept.
estimated
The
15,862,267
742,817
against
interest
successful
the
1,747,211
charges
19
Sept.
on
approximately
1,605,024
605,658
conditional-sale
interest
Edwin
Period End. Aug. 31—
Gross
Retirement
$10,179,000.
Railway—Bonds Authorized—
annual average
basis the
15,738,908
1,398,377
Old Colony and Boston
exceeding $1,421,500 of
unpaid portion of the
of
cost
new
$55,000,000
to/be
from
*
the present capital structure but excluding
leases.
Net income includes accrued and unpaid
17
con¬
only bid received was that of Morgan Stanlfey & Co., acting as
representative of a group of 49 members, who agreed severally to
purchase the bonds, bearing interest at the rdte of 4%% per annum,
at
98 and
accrued interest.
This bid has been accepted.
On this
123,239,719
Trustees Notes Authorized—
The
Neb.—Registers
Omaha,
the
$
«on
and
Co.
security houses, banks and insurance companies an invitation to bid.
for. the
(collateral-trust bonds, each bidder to designate in a multiple
of
Va
ojf 1% the interest to be borne by the bonds, the purchase
annual
unpaid
and
.
119,150,075
12,578,327
,
fixed
ICC
£•
company.—V. 162, p. 572.
.
Balance
784.
p.
to issue not
be sold at 98
other funds, to
the redemption of $81,161,600 of refunding
and improvement mort¬
gage 6%
bonds, series B, and (b) to procure the authentication and
delivery of, and to pledge as security fOr the collateral-trust bonds,
not exceeding $82,500,000 of refunding and improvement mortgage 4%
bonds, series E, due July 1, 2047.
The report of the Commission states, in part;
The applicant mailed to approximately 290 investment banking or
$
fixed
income
162,
applied to the Commission in accordance
Holding Company Act for permission to
financing.
The company requested that the SEC
proposal prior to thfe effective date of the registration
accrued
15,416,975
charges
♦Net
,
subsequent direotors meeting, Mr. Costello was elected Chair¬
the board; Capt. Wheelock H. Bingham was elected President, >•
Income
14,456,010
1,197,963
revenue
Gas
estimated
an
Oct.
exceeding
;
August's
ago.
sale of the serial debentures, which will
proceeds from
its
approve
$
Total
passenger
revenue
year
high.—V.
new
a
a
The
1945—8 Mos.—1944
ex-
taxes
Other
Balance
over
Simultaneously, company
regulations with the
price
RR.—Earnings—
1945—Month—1944
income
Federal
15,528,570
1287.
p.
21,335,071
116%
also
a
over
has registered with the SEC $2(5,000,000 of debentures,'
maturing serially May 1, 1950;/to 1965.% The offering price to the
public and the interest rate wiU > be ^determined by the results of com¬
petitive bidding.
c
idr W %.':
i>
•%
and
income
of
82.8%,
was
217%
months,
increase
an
Natural
the
*
,
-
12,866,896
4,234*375
1,23^8-i
income
and
President.
of
during August, an
new high for the system,
Revenue
passenger
miles
the corresponding month
passengers
1944,
Collins,
increase
Northern Pacific
oper.
revenue
The company
undertake
990.,
P.
Revenue Passengers
With SEC—
at
602,033 a
286,479 t
'
Ohio Edison Co.- -Earnings—
~v.
with
$
64,462,053
2,800,142
income
Inc.—Record
23,036
F.
an
flown,
were
/
3,039,336
1,191,522
783,536
Straus
Deprec.
over
5,293,870,
year.
miles
302,843
,
Vice-President of R. H. Macy
a
Pay 25-Cent Dividend—
distributions of like amount were made in each
preceding quarters of the current year, and, in addition,
paid a special of $1 on Jan. 2 and one of 50 cents on
to
3,984,521
c: 702,624
4,148,017
892,721
449,912
•
income—
Murphy is Vice-President and director of the Crocker First National
Bank; Wm. H. McCarthy is Postmaster of the City of San Francisco;
Edwin
F.
Chinlund who, with Mr. Straus,
was
elected a director,
Sept. 21 declared a dividend of 25 cents per share
stock, par $10, payable Oct. 1 to holders of record
242%
according
4,280,325
railway
,
v;
,
corporation
totaled
ti:
.
162, p. 990.
of
122,343
L. Molloy, Vice-President;1' Edward J. Dollard was re*
Secretary; , >
'
- • ' 1
•
>
Captain Bingham,.who shortly leaves the Navy,-succeeds Mr. Costello as President;
Captain Bingham has been on leave from R, H.
Macy & Co., Inc., the parent corporation, since 1§43.
Mr. Molloy,
who
has been a
Vice-President and General Superintendent of the
New >Vorki store*; has nrrived/ii^ San;FrSncisco,;% Mr.%Molloyy joined
the Macy; organization in 1929.
' r
~
4 ;
>
Garret McEnerney II is General Counsel to O'Connor, Moffatt and
a
member of the firm of Hepperle, McEnerney & Jacobs; Daniel J.
Broadway, New York, N. Y.
dividend of 75 cents per share was recently
payable Oct. 1 to holders of record Sept. 10.
Northeast Airlines,
The
187,663
I
of
Prov.
increase
124,906
elected
.
$
revenues
Total
14,755,225
Regular
company
■'
103,520
on
capital
facilities
1945—Month—1944
oper.
ry.
15,025.151
60
quarterly
issue,
three
v.
and. Ernest
this
25.
the
of
:■
171,210
a
At
man
stitute the only funded debt of the company, will be applied to the
redemption of $16,000,000 first mortgage and first lien bonds, series A, '
3'A%
due 1961, and to the construction of additional property and
RR.—Earnings—
Ry.
Net
1,845,966
990.
The net
(Including Alf Leased Lines)
Other
422,132
5,375,000
54,113
money)
be
which will
and
entire
Montreal,
to
sale of
corporation
the
in
the
each
$100
a
and
acceptance
the
on
system
the
form
purchasing
Ltd.,
act
1287.
p.
New
Sales
sales
wi 1
in
value
par
the
Street,
proceeds
162,
the
used
Auction
laws
Lagauchetiere
be
upon
each appli¬
basis "and
the
Executive
individual
an
adopted
rejection of any such application.
Approximately $225,000 of the proceeds
common
533,961
1,550,000
is
remaining unissued shares aggregating 6,170 shares may be
the company at $5 per share to such persons (whether stock¬
or
not) as may be approved by the Executive Committee of
by
Jack
49,533
800,000
75,690
North Texas Co.—To
of
1942
$513,692
254,728
named:
Joseph V. Costello, Wheelock H. Bingham, Ernest L.
Molloy, Daniel J. Murphy, William H. McCarthy, Garret McEnerney n,
1,389,804
before Oct.
or
%
1943
$649,894
%
income
oper.
162;
1941.
$613,982
M
182,335
O'Connor, Moffatt & Co.—rDirectors and Officers—
tk special meeting of the^^stockholders/ - the following directors
20,552.357
17,109,112
2,695,499
2,093,037
agent,
p.
"
A£
outstanding shares of 6% preferred stock; par $50, have
redemption on Oct. 22, next, at $55 per share plus
Payment will be made at the office of Albert E.
on
162,
'
Were
for
usual
8,405,099
the
in
:
'
;
$663,181
175,870
sales organization of the parent
dividends.
transfer
than
more
The purpose of the new corporation is to create and to market,
through ethical channels only, preparations which constitute advances
in therapeutics.
Distribution of Eaton products will be through the
4,5653103
income—
the
called
accrued
million
'
-
1945
subsidiary.
990.
p.
48 Vt
162, p. 1396. -
Melvin C, Eaton: ha&::beeh' named .President and General Manager Of
the Eaton Laboratories, Inc.,' a; newly incorporated' and wholly-owned; ;
17,396,342
"1,B85,C90
2,1&,727
of
162,
month,
last
Norwich Pharmacal €d.~~Elects Head of New Unit-^-r
res.
_
stockholders
any
—V.
—V.
1,775,487
10,442,463
12,156,562
Cr581,620 Cr6,321,473 Cr5.415.609
0177,963 ■
,131,426 J
175,829
16,632,510
—
pound-miles
oper.
Net ry.
47,499,584
35.343,022
41,819,284
31,376,821
ry.
Net, from
-y
592,491
income
&
_
Sept. 26 have been given k.he* right to
10, next, at $5 per share iojy one share of
new no par common stock for each two shares
heldr-^The said rights
are exercisable
at the City Bank Farmers Trust Co.,
New York City.
No subscription for a fraction of a share of such stock will be
accepted.
Any of the 47,943 shares not subscribed for by stockholders as well
if
$
j
2,279,144
funds, ap¬
propriations
Miscell. appropriations-
p.^ 989.
subscribe
—V.
$
268,409
debt
to
<„
air
From January 1—
Gross from railway
102,534,331 107,629,257
7,600,353
60,715,047
60,129,673
2,076,081
funded
on
(/
year
railwayrailway-—.—
from
Net
%
income
(balance)
The directors
net
•.♦V'
'«
f
J9r&,822
income
Gross
1942
$999,786
636,795
income..
New York Auction
—V.
v
(net)
oper..
ry.
Taylor,
railway
oper.
1943
$1,205,688
521,641
76,565
From January 1—
Gross from railway...
Net
1944
$1,133,309
370,018
railway
oper. income..
.
and
pounds
from
Net
North American Co.—Calls 6% Preferred Stock—
$918,406
from
the
*
$
7,221,374
5,445,887
income
Other
RR.—Earnings—
1945
August—
Gross
the
•
a
247,146
'
1945—8 Mos.—1944..
1945—Month—1944
3.722,412
oper.
Balance
161, p. 2224.
New Orleans & Northeastern
sold
'
;
....
revenues
facil.
-V.
as
-V-..
expenses____
tax
preferred
7%
Northwestern Pacific RR.-- -Earnings—-,
14,821,727
oper.
the
on
express loads last month
topped those of
ago
by more than 73,000 pounds, with a
carried in August, Croil Hunter, President
and General Manager, revealed on Sept. 20.
A similar increase was
reported in the number of pound-miles flown.
The express loads,
carried between New York and Seattle-Tacoma-Portland, were flown
Airlines'
month
same
August—
y?
,
11,136,434
7,414,022
Equipment
Joint
Int.
Northwest
Gross
company's
Made to Purchase Stock at $30 a Share—
—V.
1287.
p.
..
revenues
Net ry.
Sink.
Net
162,
$
oper.
Railway
proposal that its wholly-owned subsidiary, Public
Service Co. of New Hampshire, sell its entire gas business to Charles
R. Prichard Jr. and others for $200,000, plus certain closing adjust¬
ments, has been approved by the SEC.
The Commission sanctioned acquisition by Mr. Prichard; Alexander
Macomber and John Wefet of 2,000 shares ($25 par)
capital stock of
Gas Service, Inc., which was formed by the applicants to
acquire the
New Hampshire
gas properties
and business.
The 2,000 shares are
half of the total issue.
The consideration paid for the common stock
of Gas Service is not unreasonable, the Commission found.
The SEC
also noted that the New Hampshire P. S. Commission had
approved
the transactions.—V. 162, p.
1396.
1945.—V.
period End. Aug. 31—
Ry.
Ry.
1396.
p.
.10,
share
per
their
Industries of record Sept. 24 will be
quarterly dividend declared. by Noma
cents
25
$9.18%
same month of 1944.—V.
than
deposited
Triumph Industries having
Triumph
the
to
^orthwesi Airlines, Imiir^ExpressLoad Tbps; 1944—
the
158,715,338
shares
more
effective,
Norfolk & Western Ry.—Earnings-
1944,
«
total, of
Corp.—Exchange* Plan in Effect^-
Inc.,
amounted
Like amounts were disbursed
and In each of the four quar¬
the 'July 20, 1945; divi¬
payment Of
after
Arrearages
'
$7.87% .per sbarp on the 6%: preferred stock.—-V; 162* p. 1396,
■
entitled
5.84%.
of
of record Sept; 29.
April 20 and July 20, last,
20,
1944.
in
dend
64,18,7
,
207,570
President,
stockholders
All
Association—Output Off 5.84%—
ters
'
The
holders
to
20
Jan.
on
<160,0801
838,138
989.
Industries,
the
.
55,436
,
6,473,230
offer of one share of stock
Triumph
175,901
stock.
New England Power
Oct.
,
*723,671
p.
Sadacca,
exchange
81.292
*54,431
■v
J
:
*
5,671,472.
160,039
;
income
Noma Electric
cor¬
112,686,000
at
corresponding
for
!
.
21
397,000
cubic
of
ago.
Sept.
railway
railway
oper.
''Deficit.—-V.
Sept.
21,
this
Association
reports
electric
kilowatt-hours.
This is an increase of 2,118,679
12,882,633
output
ry.
.i
*3,937'
H
-
from
from
Net
ended
19.68%
or
responding
■
*
1942 •
$899,957;" ; $752,922
•
Account of Accumulations-—.
on
per
1943
$872,015
107,872
.
% *
income
oper.
Net
For
Pay Dividends
directors on Sept. 21 declared a quarterly dividend of $1.31%
share on the 7%
cumulative preferred stock and a dividend of
$1.12% per share on the 6% cumulative preferred stock, both payable
The
-Earnings^-
1944',
1945
$725,824
railway——!
from
From January 1—
Gross
Association—Output—
railwaj)—
from;
Net
ail of.which
$100),
"
1396.
p.
New England Gas & Electric
H*
..
August—
shares
To
%
and
,
whole
in
on
1.63%
interest) ;rate of
per annum, was made by the Irving Trust Co. of New York, N. Y.,
has been accepted.—V., 162, p. 1173.. v
"
<
%
"
.
....
The lowest; bid,v specifying: an
received..
were,
'
price, plus accrued
presentation and' sur¬
Northern States Power Co. (Del.)-—Weekly Output—
t
The debentures
are
entitled to the benefit of an annual
sinking fund
(commencing May 1, 1947) of $500,000 payable in certain contingencies.
Convertible, prior to May 1, 1960 (or until redemption if redeemed
prior to that date) into common stock of the corporation.
Initial
conversion prices per share, of common stock, to be:
prior to Sept. 1,
1950, $38 per share; thereafter" ahd prior to Sept.. 1, 1955, $42 per
share; and thereafter $47 per share.Application will be made to list the debentures on the New York
Stock Exchange,
4
,
.
the bidders to
thereto,
three
name
bids
this company.-.for th*
kwh., as compared with '42,467,000
Electric output of
totaled
44,174,000
corresponding week last year, an increase ox 4
kwh,
for
the
Purpose—It is expected that the net proceeds ($9,750,000) will be
applied towards the purchase of additional aircraft and othejr neces¬
sary
operating
property and equipment aggregating in cost
approxi-
~w* ■
THE COMMERCIAL & FINANCIAL CHRONICLE
1518
$7!500,000;
mately
of
of
the
limitation,
additional
balance
routes
(if granted!
the purchase
or
tion
the
be provided by
well as additional funds,to
as
25,
V.
refunding mortgage 4'/a% series B and C bonds and 3%% series
D, bonds,-";
"'.A. "A;- .*■ ". •' >' ^
■;
Issuance and sale of the bonds and the guaranty by Pennsylvania
RR. require authorization of the Interstate Commerce Commission.—
V. 161, p. 2560.
V
Giving Effect to Present Financing
Outstanding
Authorized
convertible income debs.,
*
-
due
1,
Sept.
•At
til
(par
July 31,
575,000
was
ilA
1960___
stock
___.
.
1945,
increased
of
21,400
shares
number
of
conversion
A
to
1,000,000
stock,
now
of
tBetween
shares of
the
such
corporation
authorized
the
the exercise of
July
May
dated
reserved
be
17,
1944.
31,
Sept.
and
1945,
stock
issued
were
1945,
27,
to
additional 2,500
through
an
became
and
History and Business—Corporation
outstanding
properties presently
the
used
of
all
its
the
routes
corporation holds
public convenience and necessity from the Federal Government
the Civil Aeronautics Act of 1938, as amended, authorizing it
7 Mos. End.
airplane mi. fl'n
Rev.
Pass.
Rev.
carr'dJ—
pass. mi.
Mail
lbs.
Mail
lb.
flown
$10
4.098,310
flown
4,958,647
Exp.
lb.
ml.
54,987,785
7 Mos. End.
Airmail
Express
&
freight—
Other '■
■
47,645
Military
:
1943
..
All
40,022
2,012
55,357
$6,216,711
5,521,530
$3,913,089
3,479,868
$4,029,733
$938,268
$695,182
$433,220
J
expenses
Opera ting
Other
income
.
_
'
_
income
i-
income
j 8,130
^ 106,322
$946,398
i
$801,503
-
' 137,615
Balance
Prof,
Ped.
$941,126
sale of
on
Total
$362,421
taxes..
-?in addition
and
to
income
be
issued
the
under
34,482
Since
and
will
above,
•
the
service
per
contain
shares of
1937
that
$633,055
220,000
225,000
$263,330
$404,636
corporation
contracts' with
$279,733
received
United
fixed
States
$128,330;
$408,056
.v,
,
,.
ieeB
and
Government
the
restrictions
1944,
$98,543,
has
paid
and
paid
Aug.
on
are
as
of
names
the principal
the
amount
the
dividend
one
1945,
8,
payment' of
on
the
at
stock
common
rate
of
25
cents"
2,000,000
■..
..
,
350,000
300,000
300,000
July 31, '45 Dec. 31, '44
$2,983,283
1,225,355
"75,000
997,946
359,827
75,000
1,874,970
1,593,174
i
.
r—
*
-
>.
331,021
-
mrogreaaA^-C.^A^^.:-"-;-... !.!"A;.:
Prepaid expenses
Other assets
;
$2,548,226
218,000
230,000
"
.
111,644
188,677
31,932
75,285
'♦i
-
11,751
6,001
$7,031,701 v-$5,905,372
payable-—
$625,715
,118,640
280,438
..
19451—
withholding taxes, etc...
liabilities
Provision for Fed.
air
taxes based
travel
card
transportation
stock
income.
on
;
-
851,317
:
237,181
401,811
474,560
"A
Seeks
474,460
2,778,052
1,239,993
1,022,915
$7,031,701
a
ckion*
factors
was awarded a Detroit-Miami route in
.Proposal to create a Great Lakes-Florida route!
♦h»UrInnCCC!
which
Easte^
to Eastern
"arc
are
LfAB mf]0rity
sound
not
a rehearln«petition claimed that
gavc wei«ht to in awarding the route
gauges
Pennsylvania, Ohio
of public interest."—V.
& Detroit
162,
R^^Request for
1397.
p.
Bids—-
mSgag2mSshFShnnHceSJedKbilS/0r
$31'873,000 first and refunding
f
bo"ds' t0 be dated Oct. 1, 1945; to mature Oct. 1
att semi-annua»y ®n April 1 and Oct. 1
tm
$0.82
$1.39
$1.39
for
and
of
financing arrangements whioh?
replace
these
issues
with
are
the
as
tax
reserve
■(
30
1944
1943
$707,000
profits
$828,000
517,000
607,000
376,009
$190,000
$225,000
$157,009
$0.44
$0.42
$0.27
$553,009
f
President, states:
labor
has
the
orders
war
been
It
(15%-20%
of
as
were
product.
The
2452.
p.
books
all
the
have
been
cancellations
arranged.
The effect of these:
There is no reconversion problem
the .company..
total production!
its
161,
the
on
that
believed
been
of
peacetime
large.—V.
is
now
negligible.
divisions
company's
ate <which
must be a multiple of V« of 1%) to
named by the
accepted bidder; and to be
secured by the company's
first and
refunding mortgage dated April 1 1927
as
hv
Lonlemented
lndCnture to be dated
Cotrustee
Such
war
of
was
business
the
backlog of
°ct- 1. 1945, with Girard
interest and sinking fund
will
President,
be
received
up
^811 Broad St.
to
12
Station
noon
Trust Co
BIdg.,
payments by Pennsylvania
Oct.
9
The
nature
same
unfilled
Geo.
Philadelphia.
H
-
orders
A
*.■=■>■
Special Offering—A - special 1
offering,of 12,675 shares of common stock (par $1) was
made on the New York Stock Exchange-Sept 21 at $23Ms 1
per share with a commission of 50 cents by Kuhn, Loeb &• Ca'1 The sale was completed in the" elapsed time of
15 minutes.
Bids were received for 29,100 shares and »
allotments were made on a basis of 43.7 %. *. There were
f
.151. purchases by 42 firms; 2,125 was the largest allot-i
;•
ment, 15 the smallest.—V. 162, p. 881.
_
-1969,'
106%
.
securities.—
A
24 it was stated
company's
share
class
A
and
share for each
common
for
each
share
that under the plan
Procter & Gamble Co.
approved
stockholders'would-f receive-one-
B
share
held.
held.—V.
This
162,
should
have
—
7
1397.
p.
(& S.ubs.)—Annual Report—
,
(Excluding: the;Procter ft Gamble Defense: Corp. and Subsidiaries
read
Canada, Philippine Islands and Java)
;■
Years Ended June 30—
4
1945
sales
returns
Discounts,
output for this company and its subsidiaries for the
ended Sept. 15, 1945, amounted
to*?149,45F,OPO;-'kwh^-a. decrease
9,104.000 kwh,, or 7.1%, from the corresponding-week oMast year.
—V. 162. p. 1398.
allowances.
and
The
Army-Navy Award—
$
$
;
»/
352,336,639 336,188,878 311,4.96,273
9,824,491
10,056,755
'9,341,865
.
already
times
the
rate
pre-war
for
,
now
Investment
the ; railroads,
;
.
.
.
excess
income
.
Preferred
* After
dividends
'
A
,
There
also has
been
declared
the $10
In
stock
par
Pursuant
to
July 10,
on
for
any
each
of Hwo
disbursed
was
20,67V,054
1
602,365
deducting post-war- refund
14,418,726
of $45,000 in
Balance
Sheet,
.
.
Merchandise and materials—
;•
Investments
-
in
and advances
reserve
of $10 each will be recognized- after Oct.'-l,' v- Goodwill, patents and
surrendered, and a-= certificates or :r*cer*ii?«-tBef«ri:ed charges -
shares
of
L.
Hanson.^Treistu-er.fstafees^'TIolders
of
the
common
568,049
546,-104
11,948,343 0.12.657,416"'
.
to subsidiaries.:..
value
par
stock
of
of
$5
the^ par
each
value
!!_.___'
!—-A-
—
~'v'
-
$10
r>j,
Total
'-
"
elected
a
of
-for contingencies___j._i_-__r__
stock (par $100) J4—
preferred stock—________
''Common shares (6,4101000' shares, no.par)!'___
Shares in treasury (Dr)__
4
8%
.
•'-. 1945—Month—1944
$2,569,185
'2,294,529
opef.
income
Total
Miscell.
Cf574,118
#395,975
income
*
_____
income
$468,144
$3,251,038
'
70,640
■4
cumulative preferred
;
$4,002,553
1,040,812
.
'
:
charges
3,383
3,393
$347,201
$376,545
1
28,142'
27,063
Earned
surplus
.
Total b'.
—V.V1&1;
1
1—t".—^—
1__!
p.
1.000,000
2,250,000
2,250,000
25,640,000
8,447,300
25,640,000
- .2,328
>
2,328
17,154,456 ' 17.154,455
109,467,520 106,U9,064
173,938,586
,-i.
2,717.901
176,477,932
-
2114.
Service
Go.
of
Indiana
—
,
$48,000,000
Bonds
Offered—A banking syndicate, headed by Halsey, Stuart
& Co., Inc., on Sept. 21 offered $48,000,000 1st mortgage
bonds, series F, 3V8% at 102.46 and interest.
The issue
awarded Sept. 19 on. a bid of 101.90.
One other bid
was submitted by Kuhn, Loeb & Co. and Harri-
was
'
fixed
surplus
Public
185,882
$493,114
$3,444 170
113,176 V
789,947
1
$3,816,671
24,970
$421,224
.,
Mos!—1944,
v'193,132
25,249
deductions
•
1945—8
$3,072,903 $2J,951,202 $23,625,635
2,410,113
19.107.721
18,813,448 '
747,334'
3,914,265 " 5.313,075
C'r552,688 Cr4,321,822 Cr4,317,559
45'',799
'
2,754,034
,1,000,000-;.
Net
"Incl.
of 101.81
r
income
Fed.
income
$2,626,081
$2,934,678
1
excess
profits
taxes
$262,396
$598,891
$2,391,204
$4,181,943
Pabst
.ir
'
—V. 162, p. 991.
Pittsburgh .Coal Co.w$l Accumulated Dividend—
'
directors
account
of
on
Sepc. 24
accumulations
$100, payable Oct.
25
to
on
declared
the
hoideirs
6%
of
a
dividend
cumulative
record
Oct.
5.
of
$1
per
preferred
.
A
man
pon.
>
and
Ripley & Co., Inc., acting jointly, for a 3y8%
AA A"
A;- - A - r'
Dated Sept.
registered
.r
share'on
stock, par
similar distribu-
cou-
1945; due Sept. 1, 1975.* Interest payable on March t
and Sept. 1 at office of the trustee in Chicago, and at agency of the
company in New York.
Definitive bonds will be in coupon form iir
denomination of $1,000 registerable as to principal only, and in fully
1,
form
in
denominations of $1,000,
$5,000,
$10,000,
any
mul¬
tiple of $10,000, and other authorized denominations.
Coupon and
"registered bonds interchangeable.
...
The bonds will be redeemable prior to maturity, either as a whole
*at any time or in part frdm time to time at the option of the company,
,
J
ill
d
y
;!r 1.060,320
.the!jSTew; York 6ffice,' i, 5%- cumulative
Vice-President.—V;'"'162V PJ-.1325.<"'A'":T!*
revenues
oper. < expenses J
"Railway tax accruals,
Equip. & Jt. facil. rents
Total
996,303
-
Ry!
ry.5
:
12,673,491? 10,362.071
2,005,110 .'1,729,148
Period End. Aug. 31—
Net
•
I
1,317,291
-—~--r—-a73,038,S88?; 11&ATJ-93Z
Paid-in
Other
1
1.321,954
>
5fr
Phillips Petroleum Co.- -Official Promoted
oper.
5,709,209.
2,0g^54S
.57.918",913-;:
shall
of
- J
:«>T^'S; -Gay,. Assistant Secretary In charge
Ry,
6,180,719'
55,993,565
stock
been
71,068,034
>
2,245,892
for depreciation).
shares
also
..
57.162,377
________
licenses
,
13,946,613! .* v""
11,296,804
-
* General"
reserve
has
1944
•'•:
21,714.729
common
common
s:
16,802,958
'
stock
G.
and
1944
30
$
■
until
therefor,
for
602,365
12,816,513:.
and
1945
.
Fixed assets (less
common
1945
June
Other,loans and investments^—
purpose,
issued
602,365
12,816,764
dividends
Cash- ___.
—
te^U.,Sj Govtv..securities, at market valuc'__.
? Other
investments
^-Accow'^s receivable (less, reserve)—1
on
:■.'&■■■
1945.
v:
'2,910,000
13,900,000
..
Assets—
' I''
■
adopted at the stockholders)-,meeting held:.
certificate representing a share or shares of com-
therefore
are
new
share-
per
19,512,315 .19,445,182
no
new
certificates
$1.50
for year._
resolution
a
1945;
for
have-been
of
April 15,
on
of
v;; 333,933
(Excluding the Procter & Gamble Defense Corp. and Subsidiaries)
r
in England, Canada, Philippine Islands and Java)
;
a
extra
an
stock of the par-value
1945,
of
addition,
:
net
13,900,000
276,669
214,440
Consolidated
quarterly dividend of :37% cents per
share on the common stock ($5 par),
payable Oct; 15; 1945 to holders
of common stock of record at Oct.
1, 1945,! Prior'to; the two-for-one
stock split-up, the common shares received 7S cents
;per. share eacK
quarter.,
13,895,000
139,177
debt retirement credit of $330,000 in 1943
•
regular quarterly dividend of $1 per share on the cumulative pre¬
ferred stock, 4%- series, has been declared
payable Nov. 1,: 1945 to
holders of preferred stock of record Oct. 15, 1945.
•
37,880,987
405,000
taxes
Consolidated net profit
Mr.
39,911,291
5,675,000
=
*
;'720,721
'487,803:
" 595,931
405,000
income taxes
!____
Renegot,1 settlements '42 & '43,
—$10 Par Common Shares Not to be Recognized Until
/■ '.
33,951,492
tax
Otjier
Philip Morris & Co., Ltd., Inc.—New Common Stock to
Receive 37 V2 Cents—Exchange of Common Shares
Urged
Exchanged—*
profits
36,676,461
.
'
271,891
_■__—
Federal
manufactured, at
industrial ! trucks,
the
39,315,360
______
etc
-
settlement
"Federal
largely--converted! to
and
33 ,679,601
operations
'income,
Tot a 1
Patent
being
electric
from
Dirs.;from Canadian subsidiary-
industry received^he Army-Ni^^E"^^^ t■ -A>»V•=•
is
'
'
of
Profit
.
Storage Battery Division has been awarded its
"E", it was announced on Sept. 21 by. M. W. Heinritz, Vice-President in charge.
This is the 21st *'E" i!conferred on
Philco Corp.
plants. ' With the end of the. German- and Japanesewars,
it
is not expected that further
'■'E* A awards-, will
be
made^
according to Washington reports, which state that only 5% of the
are
sales
342,512,142! 326,132,122! 302,154,409
goods sold—:
259,84^,332 242,674,262 220,068,94^
Selling, gen. ft admin, expenses—.
48,988,309 "• 44,142,501
45,409,003
Army-Navy
Philco' storage - battery production
requirements, and batteries
•
7t.
-Net
Cost
corporation's
sixth
t
1943
week
.Philco Corp.—Wins New
|
-
j
1944
$
Gross
electric
of
The
by
;
it
as
)
The series E bonds will
be guaranteed
unconditionally by endorsement
Railroad
;
-
shortage.
such
30
Pressed. Steel Car Co.
now-pending.
new* debt'
June
excess
of cancellation.
may be expected have
continues
Annuities,
mortgage bonds,series
redemption "on "Oct.' 22," 1945," at"
'*
Quarter Ended
.
ofeach vein
fci
Bids
and
in, any- of
Pittsburgh & Lake Erie RR.—Earnings—
Rehearing—
PCA.s
income
Poor.
terminations
$5,905,372
rf.h?flerin^r^r^l0^ ha! ?et.ltloned the Civil Aeronautics Board for a
bt
lh °
f® Grfat, Lakes-Florida case in which Eastern Airlines,
f
$746,009
$0.77
share
B
June
handled
first
for
Total
-~r
$745,000
prpcess
that
7,989
,
2,779,365
1
——_!!!I
$418,000
138,194
31,598
(par Sl)ti*S(
Earned surplus
1B4L812-
■
229,637
J~~
revenue
Capital surplus
5659,956
400,419
accounts
cl.
excess
A.
Since
in
called
been
'
tificates
Dividend, payable Aug. 8,
Transp. taxes, empls.
1,919,009
$400,000
taxes
material
is
have
1974
J
men
Total
Liabilities—
2,024,000
During the first six months of this year shipments continued in
large volume although
slightly less than
that for the comparable
period a year ago.
This was largely due to difficulties in getting
shares
A
_
Work orders in
Common
Fred
Common
500,000
500,000-
—
Unearned
due
mining industry, y communications industry,
Heinritz ^reported.—V. 162, p. 1398.
____________—
Government securities (at cost).^
Receivables, billed or accrued__________,
__ii_
Inventories of
replacement.parts «k supplies!—
Deposited in conn, with acquis, of aircraft
Property and equipment
(net)
on
debentures
civilian
Jack¬
Curtis
8.
$2,665,009
1,124,000
profit
Earnings per class B share
new
transaction
by each
Mackubin; Legg ft Co.
Kay, Richards & Co._
.^•■^Aasets—•
-Deposits
The
$550,000
Webber,
<fc
Stroud & Co., Inc—*«.
Courts ft Co..
800,000
•
purchased
Comparative Balance Sheet
{
Accrued
new
thfee
Co.
VJ
900,000
900,000
Cohu & Torrey
O'Brian, Mitchell & Co.
Accounts
called
to
$2,769,000
1,086,000
before
Income &
Kebbon, McCormlck ft
900,000
Weeks-
be
to
>•
Paine,
son
Corp.
Hornblower &
■I'-"..
the number of
1945—12 Mos.—1944
$1,542,000
profit
Profit
at
;
outstanding
been
1945—6 Mos.—1944
1945
Oct.
on
issue of Sept.
our
one-fifth
several underwriters of the -deben¬
of .debentures
$2,000,000
A Co.
Mellon Sees.
Cash
In
third
nation's
follows:
White, Weld ft Co,—»*
Carl M. Loeb, Rhoades
TJ.
against
stock.
common
was
Underwriters—-The
v
certain
corporation
dividend
underwriter
the
by the SEC
on
share..;;?:^^
tures
take
to
stock of Ponemaugh Mills.
This offer
6 was extended until Sept. 20, 1945.
.
369,725
$499,733
follows;
as
on
structure.
outstanding 4%%
proposed
162, p. 991.
annual
dividends
stock
Cot¬
Peoples Light & Power Co.—Correction—
ail the debentures will be $350,sinking >fund requirement (commencing May 1, 1947)"
will be $500,000 and ' the
indenture under which the debentqrea are to
the
of
also
460,000
^-The annual interest requirement
000;
the
offered
6
and
R, J:, acting as agent for
purchase at $65 per share
profits
excess
per
Providence,
Wool
$1,486,000
reserve
profits
by Pennsylvania to provide
capital
Receive
"American
and
res._
.
used
its
is
v.
tax
Earnings
to its common holdings in National—46.56#—and Na¬
agreed to take the shares not taken'1tyAtjh>rsmaining stock¬
will be
Aug.
common
inc.
profits
and
of
Co.
from
1,813,700
99,091
$465,251
1942, $50,040; 1943,
(seven months!, $1,034.
,
i i v
1945
' -
337,600
$335,717
________
,.jf
Departments
registered
purchase common
to
Nil
Co.—Earnings—
tax
Philadelphia Electric Co.—Weekly Output—
income
,
other
105,584
$742,235
64,591
.
62,860
has agreed
$0.37
Stockholders
Minority
is taken
expire on Sept.
(no
stock
common
.
■
$738,643
3,593
$1,005,716
210,000
taxes
profs,
exc.
Net
equip,, etc.
profit
income
Fed.
\
5,272
—
Share Co.
the consummation
56,173
$570,835
;
minority
to
before
Inc.
»e
interest, payment to be made at the Guaranty Trust Co, of
New York,
trustee, 140 Broadway, New York,tN. Y.\
Redemption of the two above-mentioned issues is contingent upon
$306,248
Trust
exc.
will offer its stockholders the right to subscribe to
the basis of % share of new Pennsylvania Power
share of National Power common held.
&
t $72,901
'
Net
and
It
Total
Deductions.
on
each
redemption
have
3,723,485
i
for
of
All
Operating
to
of
sylvania Company for Insurances on Lives and .Granting
trustee, 15th and Chestnut Streets, Philadelphia^, PaA"
.140,237
$5,961,175
5,022,906
_
company
holder
$622,459
Nil
(Loss.—V. 161, p. 2791.
information
Profit
27,
next, at 105Va and- interest.7 Payment
will be made at The Chase National Bank of the
City of New York,
11
Broad
Street, New York, N. Y., or at the office of The Penn¬
553,970
669
A'"/, Total
time
entitling
1945—6 Mos.—1944
f$187,840
$0.42
.
interests, on
the
was
Poor &
/
shares
the
Sayles
of
which
shares.
strengthen
for
148,111
65,102
all
Net
1,318,719
same
1945—3 Mos.—1944
Mills
Industrial
Earns,
Calls Securities—
243,583
r
the
equity capital
part of the
company's plan for rearrangement of capital!structure dated Aug. 17,
1945, which has not yet been approved by the Commission.
•:
$3,147,393
.
The
■
stock
new
Proceeds
to
1942 y
$3,249,282
299;704
61,101
At
30—
share
Period End. June 30;—
holders.
-Years End. Dec, 31•
1944
July 31, '45
$5,363,185
$5,571,117
284,303
370,138
265,373
212,343
SEC.
warrants
common
tional has
Summary of Earnings
Operating Revenue:
Passenger:
deben¬
are to
1945, are
proportionate
1,241,600,152 1,002,893,799 627,800,032
4,889,270 '
4,357,938
2,407,277
931,700,911' 790,491,458 467,834,158
frn—1,089,840,132
the
Electric Bond
2,872,721
:
fund
1945,
Power & Light CO., as holder of all the
outstanding com¬
Pennsylvania, will be entitled to subscribe to 1,818,700 of the
common
265,465
4,548,775
Oct.- 1,
share.
of
the
4,104,999
5,572,516'
946.739,237
Express lbs. carried.
has registered
company
a
new
1942
52,312,234
dated
issues A
presently outstanding
National in turn
3,097,469
244,961
be
National
and ex¬
1943
5,313,559
433,584
90,119,936
93,328,352
carried.--
miles
1944
to
June
com.
The following
ton Reporter":
has
refund
with
mon
-Years Ended Dec. 31-
July 31, '45
5,705,320
A 424,633
$27,000,000 sinking
and
are
_
subscription
as
Rev.
bonds
July 25, this year, on April
April 26 and Oct. 25, 1943.—
on
$429,741
per
"Ponemaugh
Approves Refinancing Plan—
to
par)
certifi¬
an air carrier to transport
passengers, mail and property.
The following table shows the corporation's passenger, mail
press business since Jan. 1, 1937:
The
1, 197,5. .The debentures arelo-Jje dated Oct. t,
Oct. 1, 1965.
V
SEC
The
cates of
under
due
and
25
Offer—
,the purchase from it of $93,000,000
for
1975,
Registers Common Stock—
cor¬
are, located in Alabama.
Illinois, Maryland, Michigan, N:*w
Ohio, Pennsylvania, Tennessee, Virginia, Wisconsin and the Dis¬
On
bids
approved the issuance and sale by the company of
$93,000,000 new first mortgage bonds, series 1975. $27,000,000 new
20-year sinking fund debentures, and
£5,720,000 new 1 '/2 % five-year
serial notes, to be sold
privately to six bWnks.
The proceeds will be
poration
trict of Columbia.
bonds,
1965.
mature
The
was
the operation of the business of
used in
inviting
Oct.
SEC
incorporated Sept. 21, 1936,
in Delaware.
Corporation is successor to an air transport business in¬
augurated in April, 1927.
The original air transport operation in¬
augurated service in April, 1927, over a 127-mile route between Pitts¬
burgh and Cleveland.
This pioneer air transport effort has been
expanded to seven routes and approximately 3,878 route miles.
The
York,
Invitation
Co.—Public
April
1944, and
Co—Earnings—
"On 508,917 shares.
Separate bids for the bonds will be received by the company at
Room 2033, No. 2 Rector Street, New York 6, N. Y„ up to 12 noon on
Oct. 2, and separate bids for the debentures will be received by the
company at the same place up co 3.2 noon on Oct. 16.
for Issuance upon
portion of said options.
a
due
tures.
A
Is
mortgage
mature
certain
to
options
will
first
of authorized
31, 1945, and
officers and
amount
at
were
issuance
under
shares
the
Of
shares
for
Company
debentures.
July
Light
&
25.
25.
profit
"Earns,
for Bids for the Purchase of Bonds—
special meeting held Sept. 25,
a
shares.
23,900
reserved
are
common
Power
Oct.
\)
Ended
Period
Net
and
common
employees of
Pennsylvania
the number of shares of common stock authorized
the number of authorized shares was there¬
1945,
shares,
after, by vote of stockholders taken at
shares
$10,000,000
*1,000,000 shs.
(474,560 shs.
$10,000,000
_
Jan.
on
and
607.
Pittsburgh Steel
.
Common
made
was
July 25
162. p.
and
/
Capitalization
15-year 3V»%
sale,
company, will be deposited with Girard Trust Co. as trustee under the
company's first and refunding mortgage, and such funds will be applied
to the redemption on Jan. 1, 1946, of the company's outstanding first
of additional prop¬
erty and equipment.
"»
of
Proceeds
corporate
general
for
available
be
to
specific application thereof, including, but not by
the maintenance of cash balances, the financing
pending
purposes
way
J
Monday,-October 1, 194$
'
-
AI
THE COMMERCIAL & FINANCIAL CHRONICLE
v -
*p\ t T.!
Pr M '$*tt from time; to. time through the operation of
tipoa .not less, than 30' days'' published notice.
'
electric
.
of
registered the" series P bonds it also registered 150,000 Shares
preferred stock (par $100)."
The new preferred stock
cumulative
to
was
be
a
amendment
class
new
of
preferred
the. articles
to
of
stock
wa^ created
which
of
the
an
of
belongs; but the amendment provides that. all out¬
standing old preferred stock must, at or before the date of the issue
of any of the new preferred stock, be called for
redemption upon a
date
new
company
later
no
than
60
after the date of .the initial issue of the
that no shares of the class to which the old
days
preferred stock, and
stock belongs may
preferred
issue
of
On
the
-
at
time
any
'
<
after
the
drawn
the
Sale
preferred
new
of
Gas
and
stock
Water
from
Utility
acceptable.
therefore,
It,
of
the
north
accessories,
As
of June 30,
customers in
in adjacent
Indiana
Northern
public Service Co.
'
Service
•
(an affiliated company), Indianapolis
Power & Light
Gas and Electric Co., Cincinnati Gas & Electric Co.,
Michigan Electric Co., Central Illinois Public Service Co.
&
The
one-hour
11%
from
business,
its
utility
gas
and
business, about
Va of 1% from
than
less
electric
2s/2%
its
of the company's
utility
business,
from
ice
its
business
water
utility
tomers
and
in
The
service
has
adjacent
supplied
been
to
to
approximately
19 communities
29,200
•
it
and
will
date
be
finally
of
determined
transfer).
As
within
of
June
90
days
.1945,
30,
after
been
depreciated
$14,540,426,
book
cost
on'said
company
which is
by
loans of
other funds
$13,000,000
be
to
(estimated at $48,653,360) will be supple¬
(a) the net proceeds from bank
by the issuance of a like principal
the company's promissory
notes, which net proceeds are
as
$12,967,500, and (b) funds, to the extent required (esti¬
$5,120,070) from the proceeds received from the sale of the
gas and water utility properties to Indiana company.
The total funds
thus
made
available
will
be
applied
by
the company toward
the
redemption of the old bonds and the prepayment of the unsecured
notes, as follows:
to
customers
are
Emerich
&
Share
100,000
Kebbon,
Co.
Auchincloss, Parker &
Redpath
Bacon, Whipple & Co.
Baker, Weeks &
s
!
Premium
Blair
demption
Series
B,
1971
$4,510,500
$375,875
$4,886,375
Series
C,
3%%, due Nov. 1, 1971
3%%, due March 1, 1972
Series E, 3 % %, due May 1, 1973
Unsecured notes <2%% and 2%%)_
12,804,000
1,109,680
13,913,680
Series D,
4,000,000
38,000,000
210,000
4,210,000
1,947,500
39,947,500
3,750,000
33,375
3,783,375
Total
1,
________
ferred
accrued
interest
and
'
'"
1,650,000
other
of
redemption
Effect
F, 3V8, due Sept.
Unsecured Notes:
f2 y4'/
1,
1,
maturing serially from Dec.
incl
pfd.
cum.
Common
"The
stock
stock,
(no
amount
bonds
issuable
under
the
tlncludes maturities of
June
1, and Sept. 1,
$13,000,000 principal
sale
of
sale and
the
of
$250,000 each
of
amount
series
Under
1946.
F
bonds,
the
these
are
on
indenture
1945,
1,
terms
notes,
be
to
Dec.
of
is
of
as
the
date
with
$38,000
maturing
Pro
(Adjusted
exclude
to
on
7,
1945,
and
Forma
revenues
Earnings
and
Summary
expenses
of
"
$27,470,332
9^72,319
Maintenance
Prov.
for
/'
the
Gas
and
Water
Years-4=-—.
interest
1,089,378
2,776,604
2,684,556
2,493,595
2,450,651
2,070,973
2,020,243
1,958,168
income— $11,247,517 $11,024,786
$9,617,366
84,708
$8,915,448
The company
'
oper.
105,343
102,058
13,660
Gross
Fed.
:
income
normal
$11,352,860 $11,126,844
taxes
.'surtax
Fed.
and
$8,929,108
r
•
1,086,000
*
-1,083,000
-
1,356,000
1,356,000
taxes—
\5,437,00$
5,263,000
3,321,000
$4,829,860
$4,780,844
$5,025,074
'
2,560,000
Pro forma gross inc.__
$5,013,108
Pro
exc.
prof,
$9,702,074
forma
other
interest
and
deductions
2,173,156
Fro forma met income
Company—Company
$2,656,704
:
.2,173,156
$2,607,688
2.173,156
$2,851,918
2,173,156
v
The
is
utility operating in the State of Indiana
»nd its business is almost entirely that of producing, purchasing, trans¬
mitting, distributing and selling electricity as a public utility.
It has
also been engaged in the production, purchase, distribution and sale of
gas and in the supply, distribution^ arid sale of water, but the gas
and
water
utility properties have been sold to Indiana company.
company
Company
also
manufactures
dental
On
to or
the
sells
connected
basis of
the
and
distributes
26,143,520
9,725,355- 12,198,078
-T
acquired
has
interest
controlling
a
announced
on
Sept.
20. that
Ohio, as. a basihg^point for stainless
bars, cold finishen^-bars and wire,
has registered $22,500,000. first
Key nolds Metals
162,
p.
it had established
steel forging billets,
and cold rolled,
882.
*
-
'
>
'
Co.—Dividend Ruling—
"
>
/
162, p. 992.
Rhode Island Insurance Co.—Director
Corp.—Output-
8.7%.—V.
v
•
August-
-
Potomac RR.—Earnings
&
from
Gross
Net
ry.
railway——
from
Net
railway--*-
oper.
-
297,252
226,650
23,182,472
10,655,103
25,616,949
13,685,232
2,227,132
*
'
<
$3,081,745
1,836,862
x
330,316
1942
$2,519,478
1,581,192
93,023
From January
Gross
ry.
railway——-
from
Net
—V.
income—*
p. 992.
oper.
162,
2,196,713
Munsingwear,
See
24,766,470
14,843,515
2,703,262
17,184,511
9,661,021
1,853,35*
)
_
Rollins*Hosiery
1398.
p.
1943
1944
.
$3,019,300
1,440,168
$2,522,699
973,037
income—
1—
from railway—-*
-
1945
operating companies
162,
i\
announced
'Richmond, Fredericksburg
served by this corpora¬
tion for the week ended Sept. 22,-1945, totaled 176,908,000 kwh., as
compared with 193,866,000 kwh. for the corresponding week last year,
output of the
Resigns—
Calder, who wa's elected a director on Aug. 23, on Sept.
his resignation from that office because a transaction
through
which he anticipated acquiring a block of stock in
thiscompany was not consummated.—V. 162, p. 1176.
ET.
Curtis
16
•'
,
with the declaration to holders of 5 V& % cumulative
convertible preferred stock of record at the close of business on Sept.
20, 1945, of a dividend of $1.37% per share, payable Oct. 1," 1945;
and of the declaration to holders of common stock of record at the
Close of business on Sept. 20,
1945, of a dividend of 25 cents per
share, payable Oct. 1, 1945, the New York Stock Exchange directed
that both
issues be quoted ex
said dividends on Sept. 21, 1945.—
Securities
'
; >;
,
connection
In
mortgage bonds series
stock, par $100.
Public Utility Engineering & Service
of
and diesel
will con¬
hot
rolled
Net
decrease
in- Kermath
O.,
■
a
13,035,758
•
'
share-for-share
Electric
24,521,019
24,443,048
Republic
ice,
form
earivngs
<
National
Chase
appointed
registrar of
value.—V. 162,
p.
Bank
of
Vlv*v;:'"
•?. •-
"
J.y-*
Mills, Inc^- -Offer for StocH—
Inc.
above.—V. 158,
p.
1538.
'
the $4.75
City
of.
New
Period Ended June 30—
York
sales
Net
"Net
1325.
Railway Express Agency, Inc.—Revenue Drops—
*
business.
statement for
the 12 months
First
a
since the/start of
Express Division' announced recently.
drop
in
gross
war,
revenue
.
ri
•
•
;
:
;
i
■
;•
I
•
i
r
.
,
_
•,<
^
2
profit
per com.
"After
*
show
first
the corporation's Air
peacetime figures oh metropolitan New York air express
unswing in number of shipments handled but the
continuing
.
Ruberoid Co.—Earnings-
Appointed—
has been
cumulative preferred stock; no par
the
Earns,
by means Of hot water,
engaged in other business inci¬
and is
with the general
pro
Publicker Industries, Inc.—Registrar
The
heat
ended June 30, 1945, which has been adjusted to exclude the revenues
derived from the operation of the gas and water* utility properties, the
>
j-.) V:"
■
1
■
*
*
76,768,415 r 86,534,858
71,815,969
-
9,386,985.
public
a
produces
and
-
company proposes to offer the holders -Of its 5'%' preferred stock
privilege or exchanging their'holdings: for new preferred stock on
basis plus a cash payment representing the difference
between •,the .initial offering price of the new preferred and the
redemption price of $110 of the old preferred. • - •
J
'
The prdcfeeds from'the sale of'the bonds plus general funds of the
company will be used to redeem at 104.75 the $6,581,100 first mortgage bonds series A, 3%% due 1969 of Southwestern Light & Power
Co., and to redeem", at 106.50 the $16,000,000 Public Service first mort¬
gage bonds, series A, 3%% due 1871:
The proceeds from the sale of
the
preferred stock not taken in exchange will .be applied toward
redemption of remaining 5% preferred.—V. 162, p. 1398.
a
2,063,767
••
strip, sheets and plate.—V.
A, due 1975 and 98,500 shares of cumulative preferred
Both issues will be sold at competitive bidding.
$2,839,952
incorporated in Indiana Sept. 6, 1941, as a
of the consolidation of Public Service Co. of Indiana, Central
Indiana Power Co,, Northern Indiana Power Co., Terre Haute Electric
Co., Inc., and Dresser Power Corp.
*
was
result
162, p. 1398.
the
;
>
,
may
full redemption price,
plus accrued
be received upon presentation and sur-
The
'
Net
all of the
B, 3'/a%
V.
-
Other income
1945,
26,
the
at
Public Service Co. of Oklahoma—Registers
1,859,750
957,708
r
-
Tlie corporation
'
963,899
depreciation,
Oct.
995,175
income.l-
was
hot
Chicago, 111.
payment
render of the bonds.—V.
$26,640,186 $24,298,639 $22,238,891
9,527,891
9,140,132
8,049,143
1,382,710
JProv.for State, local and
misc. Fed. taxes—
to
1,108,786
1942
$9,164,065
3,778,591
1943
$9,938,944
3,469,939
1,
•
r
2,859,902
;
of
Canton,
har called for redemption on Oct. 26, 1945,
mortgage bonds as follows: The series
1944
$9,791,949
corporation has purchased the Stevens Metal Products Co.,
manufacturer of steel barrels, drums, and other specialties.
said that this acquisition gives the corporation a direct outlet
for the use of its steel in the manufacture of those products.
It
200,000
first
1945
$9,022,711
1,951,088
V:
railway-—;
railway
:
;
corporation
Niles,
Co.,
Inc.
500,000
due March
Dearbofn St.,
i
!
1943
1944
company
Immediate
1,602,919
__
&
1971, at 103% and interest; the series C, 3%%
bonds, due Nov. 1, 1971, at 108% and interest; the series D, 3%%
bonds, due March 1, 1972, at 105J/4 and interest; and the series E,
3%% bonds, due May 1, 1973, at 105% and interest.
Payment Will
be made at The First National Bank of Chicago,
trustee, 38 South
,
Calendar
June 30,'45
revenues—
The
bonds,
'
12 Mos. End.
oper.
Yantis
S.
1,150,000
Noyes & Co.
outstanding
•
'
Utility Properties)
Operation
F.
\
The
100,000
*
—
-
Republic Steel Corp.—Acquisition, Etc.—
&
.
Hemphill,
$38,000
the basis stated above.
on
Co
Co
&
-M
corporation recently absorbed by merger its former,
Jacobs Aircraft Engine Co., and owns Porcelain Steels,
Cleveland.
It also has an interest in Allied Engineering
Cprp. of New Haven and New York.—V. 162, p. 140.
,
.
„
Bonds Called—
Dec.
maturing
June 7, 1946.
Under the terms of 'an agreement cancelling a longterm lease, $1,520,000 of these notes dated Dec. 7, 1941, were issued,
and of this amount $266,000 have been paid.
§Adjusted
Co.
&
100,000
Haupt &
Ira
of
the
delivery of such bonds.
tlncludes
Harrison
Co.
agreement,
concurrently
H.
Carter
Witter
1
~
subsidiary,
500,000
400,000
Stubbs
Woodard-Elwood
*
Manufacturing Co. of Detroit, manufacturers of gasoline
marine engines.
Fred C. Morgan, President of Kermath,
Inc.,
200,000
Dean
1,650,000
market
and
*
from
The
1,150,000
Whiting, Weeks &
Harris, Hall & Co.
1,
Co._,
Inc.
500,000
1,150,000
Hallgarten & Co.
(Inc.)
and March
500,000
400,000
300,003
Gregory & Son, Inc
unlimited,
supplemental
loan
a
dated
issued
Anderson
book
the
applicants..
traded in,
between the book
values of Reading Co.
comparison
of
to, direct the activities of the company, according to a state¬
ment
by A." W. Porter, Vice-President and Treasurer of Republic.
New lines of products for non-marine fields will be undertaken.f .
Wheelock & Cummins,
- -> >
and
basis
tinue
250.000
——
&
>/
>-
Republic Industries, Inc*—Acquisition—
Co.,
Tucker, Anthony & Co.
500,000
'
stock
the
on
stock.'
from
The
v
100,000
Inc.
the
-v
stock of the Peoples and
capital stock—the amount
of the merger—of each of the other
the subsidiary companies are not
~V., 162, p. 1176.-
300,000
Thomas
1,650,000
of
Net ry. oper. income
1,650,000
Swiss American Corp.,*
500,000
-
for
100,000
Company—
&
capital
of -the
66%%
GJrufes from Railway
76,154,444
Net from railway—20,700,750
%
,
250,000
:
Glore, Forgan & Co
&
Nicolaus
Stifel,
Green, Ellis &
J,107,777 shs.
2,000,000 shs.
par)
of
100,000
Co.—
Inc.
1,150,000
stocks
estimated
From Jan, lr—>
,
100,000
Reinholdt & Gardner—
Shields
than
for approval
Net ry, oper.
$50,000-
Sills, Minton & Co.,
Graham, Parsons & Co.
14,815,590
A
1,650,000
1,650,000
Quail & Co
&
Co.
...
entire
the
owns
more
August—
&
L.'_
1,000,000
Co'.*—!—
Co.
300,000 shs.
series
Copeland
Kendall, Inc
1,150,000
First of Michigan Corp.
,
1,254,000
—
Schwabacher
2
&
Co
Phelps, Fenn & Co
500,000
Merle-Smith—
Estabrook
13,000,000
subject to the terms thereof and the indentures
thereto, additional bonds of any series may be issued.
Total
&
—
250,000
Day & Co
Corp.
7,
and,
the
L.
Co
300,000
,
1945, to Dec. 7, 1961,
Preferred stock (par $100)
5%
Patterson,
^250,000
Farwell, Chapman &
maturing serially from
Dec.
1945, to Sept. 1, 1955, incl
$4%,
^400,000
Co._
Equitable Securities
$48,000,000
1975
Net
L
&
Reading
merger
Gross
200,000
Collins & Co._i_
»Dick
SOutstanding
Authorized
•First Mortgage Bonds:
Series
150,000
Paine, Webber, Jackson
& Curtis—
1—
Dempsey & Co
Financing
Present
to
500,000
Otis
Cruttenden
for each five shares
shares
each 25 shares of
common
16 shares of Reading common for each 25
.
Co.—
l,l'50,000
Cooley & Co..
or
undisturbed.
shall be
outstanding
Earnings for August "and Year to Date
Co.—
1,650,000
Julien
$3,676,430 $66,740,930
expenses
100,000
&
&
•
-
will not result in any basic changes in the operations
of the Reading Co. system, since tbese subsidiaries are already^ com¬
pletely coordinated into the system.
VThe primary object of the merger is to simplify the corporate strueture of Reading Co.
The merger, however, will have the effect „of,
eliminating the expense of maintaining separate corporate entities for
the subsidiaries and of effecting some tax savings*
.
;
&
City Securities Corp.—^
Coffin & Burr, Inc.-
300,000
\
share of Reading
one
Co.
and
the
of
The
O'Gara
The
Ohio
common;
Reading
Since
Newton
M.
.
.
-•
The
values
Ross & Co._
Alfred
R.
Giving
on
E.
or
500,000
150,000
;
Sons
&
Brown
Pro-
the Interstate
companies into
600,000
Co
Central Republic Co.—
prepayment.
Capitalization
Mullaney,
'
$63,064,500
Milwaukee
500,000
Loughridge & Co
Alex.
Unils'File Merger
RR.
the
Perkiomen
1,650,000
Mason, Moran & Co.—
Bosworth, Chanute,
charter amendment ■ authorizing
preferred stock, $50 par value.
V >;
,
'
1,650,000
—
750,000
•
,
:a
140.
Perkiomen; one share of
the other' six companies." 2 >"*
1,650,000
&
Freres
The
& Co.—
-
cumulative
and
now
stock jei' Peoples;
common
200,000
stock
of
&
Co.—
C.
of
100,000
—
1,650,000
■
'
*
'
RR., Philadelphia & Chester Valley RR. Co., the Phila¬
& New York RR. Co., the Reading & Columbia RR.
of
and
Bond
Corp^
McCormick
1,650,000
Co.—
&
Inc
shares
Co;
values' were
Langley & Co.__
W.
Lazard
•
!
"Excluding
Co.,
William Blair
First Mortgage Bonds (the old bonds):
3y2%, due Mar.
&
■
-Shares of stock of other applicants' shall ,be canceled' and-shares
Jti the hands of«the public shall be exchanged for Reading Co. common
stock on the following basis:
One share of Reading Co. common stock
for each share of stock of Allentown; eight shares of Reading common
for each 25 shares of stock of the Gettysburg or Chester Valley,-pre-
;
500,000
Lee HigginSon Corp.,—
Lehman Brothers
500,000
300,000
Bear,* Stearns
of Re¬
demption
Amount
817
'
V,
"V '
Approved-^-
The agreement of merger providesHhat the name of the corporation
which is to survive the merger will be the Reading Co. and the Reading
'
Principal
'
.■Pickering Valley RR, Co.
$1,150,000
——
250,000
Harden
"Cost
vV
a"
•.%
i"
The subsidiaries who are parties to the proposed merger but without
obligations to be assumed by the Reading Co. are the Allentown RR.
Co.,
the
North
East
Pennsylvania Co.,
Peoples RR. Co.,
and the
Weeks—
&
Illinois
Indianapolis
Co,,
CO.—
&
$2.40
the Stoney Creek
required
The
200,009
Aub
E.
■
282.81
23.68
■;
^
Newton
and
Company-
Hornblower
Inc.
A.
of
1399,
pp.
Perkiomen
delphia,
Co.,
follows:
as
162,
the
this
Co.
i
27.59
r--.'
The Reading Co. asked for authority' to assume obligation for certain^
of the Colebrooksdale RR.,
the Gettysburg & Harrisburg Ry.;
other
secure
New
$4,500,000
Ames,
at
Re¬
&
k
vV-i" «Jt
'
$249.44
bonds
•
estimated
mated
Stuart
Inc.
*
class
"■
312.98
322.04
,
company
and 11 subsidiaries have applied to
Commerce Commission for authority to merge the 11
the Reading Co. '
or
purchased by them
be
Halsey,
secured
of
amount
at
'*
each
Aug. 31, '44
$265.38 i ;
;
The
..
consisting of
to
its
Underwriters—The name of each principal underwriter of the series
bonds and the respective principal amounts of the series F bonds
...
F
Purpose—The net proceeds
mented
approximately 13% of the total
plant and other net assets of the
utility
retired
'
•
; v
•,
.
$270.16
Reading Co.—Company and 11
-
date.
of
Bank,
.-'.y. -.'V-
<
'•w5'.
-
/V '
100,000'- shares
—V.
promissory notes of the company (all of which
before the securing of the aforesaid loans)
and the redemption of the old bonds of the company.
*
be
to
are
sale
v
have
would
Agreement—Under
National
r
The stockholders have approved
,
outstanding 2JA%-3%
Sept. 17,
price
such
Loan
Chase
[
for
available
•
28.77
1399.,:.
p.
I
$13,000,000, the obligations to be evidenced by promissory notes payable
serially Dec. 1, 1945, to Sept. 1, 1955, and bearing interest at the
rate of 2%%
per annum.
Company proposes to apply the funds bor¬
rowed under the bank loan agreement toward the prepayment of now
1929.
The sale price is to be an amount equal to
the estimated
depreciated book cost of the gas and water utility properties on Sept. 1/
(the
enable
agreement, dated July 18, 19^5,
York, Continental Illinois National
Bank and Trust Co. of Chicago, First National. Bank, Chicago, Harris
Trust
and
Savings Bank," Indiana National Bank of Indianapolis,
American National Bank at Indianapolis and Merchants National Bank
of Indianapolis severally have agreed to loan the company a total.,of
Bank
V
Raytheon Mfg. Coi—New Preferred Stock
.
types of heating equipment.
The
:
Aug. 31,'45 July 31, *45
»;fi;y>:,
,
<; •; -
■
authority to discontinue and abandon the hot water heating system
soon
post-war conditions
162,
>*.•'-
company owns
as
cargo
,
as
in
1945
—v.
acceptable price.
an.
additional
Peir pommon
4
company
electric
program,
at
in¬
the
air
t
Per
.
sold
space,
growing air-mindedness of
to hike the volume of
while
the
and
$100 bond,*.iL
preferred share-*^*-*^**--*-- :
t
Noblesville, Rochester and West Baden. Com¬
dispose of each of the ice properties whenever the
to
be
•
decline,
revenue
shipping
.
:
integrated basis, .was approxi¬
station use.
four ice manufacturing plants
for
:
is now engaged in a program to limit its operations
utility service.
As the principal step in carrying out this
has sold the gas and water utility properties to Indiana
Gas & Water Co., Inc., which is a subsidiary of the company organized
on July
16, 1945, under The Indiana General Corporation Act enacted
to
<
cus¬
in Indiana.
or
in¬
4.1%
shipping, poundage decreases in individual
of governmental: traffic were believed re¬
Company .reports market values of assets
its outstanding securities as follows: - •••:
5
.
7%
a
Railway & Light Securities Co.—Asset Value—
r Pel?
and operates a commercial hot water heating
system serving approximately 106 customers within a limited area in
Lafayette. Company plans to petition the P. S. Commission of Indiana
laneous
sources.
The company has supplied natural
(or mixed) gas
utility service to approximately 55,100 customers in and adjacent i to 36
communities in Indiana, such service accounting for approximately 95%
of
the gas
utility revenues of the company during the past' year.
Manufactured gas utility
service has been supplied to approximately
5,050 customers in and adjacent to six communities in Indiana, and
can
The
miscel¬
and
intends
same
utility
average
the
NV
Huntington,
pany
about
water
in
located
•
than 86%
more
a
for
in
curtailment
public were continuing
express business.—V. 162, p. 1399.
maximum; load- on- tne company's system during the winter of
on
and
personal
of
the
mately 324,100 kilowatts, exclusive of
The
company
owns
and operates
the
shipping
*. >
(an affiliated company)
and other utility companies operating within
State
of
Indiana
and
states
contiguous thereto.)
Substantial
quantities of electric energy are sold to, purchased from, or exchanged
with,--some of-the above named utilities.
sv
'
totaled
general
-
•
of last year, a
month, along with
August
for
was
.
shipments
i
Corp.
Indiana
registration.
its
•
with
reported.
Shipments handled for the
57,924 for-the month, compared with 54,116
cutbacks
creased
>■
figures
shipments
revenue
1944.
sponsible
struc-
(an affiliated company), Indiana
1944-1945,
derived 4rom
"airlines
of
,
gross
Reconversion
Co.,' Louisville
Sept. 17, 1945, the
sold all of its gt»s and water utility properties fall located
Indiana), and related assets, and its ice property at Sheridan, ind.,
to Indiana Gas & Water Co., Inc.
<See*V. 162, p. 1393).
been
of
623 cities, towns and unincorporated
rural areas.
Electric service was also
company
have
v
supplied at wholesale tu 35 municipal u^ilitiec, 24 rural electric mem¬
bership corporations, 15 systems belonging to 10 other electric utility
companies, two street railway systems and one other electric railway.The
company's> electric
system
is
interconnected
with, those of
Properties—On
During the past 12 months' period,
manufacture
domestic
.
V in
the manufacture
steel,
comparative
number
in
A
1945, the company supplied electric service to approxi-
and
in
revenues
territory with' no one
company's total electric
the
on
in
crease
decrease
located in 70
a residential,.
in areas
served is
Based
-
• - ■•-VA ,
and. southern
central
central,
•....
.
mately .239,785
ccmmunities
with¬
SEC
the
in
automobile
and
by the company.
c
proposal 101.55% of par
not consider that the cost
consent
the sale of
v..-;• %%•.,.
operates
1519
fx *'
^
cement, metal products,, rubber products and
paper
products, .the transportation of petroleum and the quarrying
.• and milling of stone are among the more important industries served
*
11, 1945, the company publicly invited proposals for the
the new preferred stock pursuant to Rule U-50.>
On
1945, the date fixed for the opening of proposals for the
purchase of the new preferred stock, the company received two pro¬
posals, each providing for a,dividend rate of 4.4% of the par value
thereof.
The price offered by one proposal was 101.35%
of par value,
"
'
operatingrevenues* from
energy, r,
automobiles
'
tural aluminum. shapes,
of
plus accrued dividends, and by the other
value, plus accrued dividends.
Company did
of money
to it under either proposal was
rejected both proposals, and has with the
received' over- 90%;/of its
'' y*/ '
.% ■{,
•
.
of
r
Sept.
purchase
Sept. 19,
'
•
.
initial
j
,
1 •1
•"
v,portipns of Indiana, furnishing electric service
; of the 92 counties in .Indiana,
The territory
agricultural and: widely diversified industrial
industry accounting for more than, 7% of the
revenues;
The mining of coal, the; milling of
:
be' issued
preferred stock.
new
■■
.
by
the company.
Such
new class of preferred: stock wis to be
junior to the class of stock to
which the now outstanding 5%. cumulative
preferred stock, series !a,
consolidation
,
A'
*.. y.
;v The: company
-l 'New Preferred Stock Wlthdrswn from Registration—At* the time the
company
$■*'
"*
w' company
sinking fund,
a
'•
.
all
Note—Included
in
the
senting
V. 162,
second
in
187,903
$0.47 '
and taxes.
>202,915
•
>
refund
$0.90
—*"•
the net earnings reported are items of
and $57,200 in the first half of 1945
post-war
358,331
341,719
$0.86
$0.51
quarter,
estimated
1399.
p.
—
share—
charges
-1944
1945—3 Mos.—1944
1945—6 Mos.$7,724,549
$7,243,771 $14,646,880 $14 ,126,950
of
Federal excess profit
.
-
•
$46,400
,
repretaxes.—•
.
*-?■.
Rustless Iron & Steel Corp.—Merger Proposed—
Rolling Mill Co.;> above.—-V. )62, p. 1399.
credit
(net)_______—_™.-——X-
bonds
due
on
for
book
value___.
8,836
16,808
$2,359,304
Accounts
Standard
can
covered
dola
Provision
for
vacation
*
Accrued
retroactive
vision
for
Management
and sundry taxes accruedpost-war adjustment and conting.
for
Class
A
common
stock
Class
B
common
stock
Paid-in
and
Earned
surplus
45,188
52,666
77,036
151,926
par)
par)
254,585
397,007
"After cash
must deposit their'securities on or before
benefits of said plan.—V. 162, p. 1400.
reorganization
Sept.
30,
and
Schenley Distillers Corp.—Votes 50c Dividend—
Declaration
of
dividend
a
of
cents
50
share
per
the
on
to holders of record Oct. 20, was announced
on
a
board of directors meeting.
Under the terms of the common stock split-up which was approved
by stockholders on Aug. 17, each shareholder received four shares of
$2.50 par value common stock for each three shares of the $3.33 Va
$2,359,304
payment and U. S.
161,
p.
1945, $1,251,160;
Treasury tax notes:
Dividends
V.
162,
of
each
cents
50
have
been
in
paid
Scott & Williams, Inc., Boston—RFC
The
tion
previous
quarters.—
1170.
p.
RFC
has
located
in
listed
the
Government-owned
May Sell Plant—
plant
of
this
manufactures airplane
parts.—V.
Australia.—V.
161,
Int.,
statement
warns.
"By concentrating on a half-dozen basic models
expanding production schedules as rapidly as rearrangement of
and availability of materials will permit, It is hoped to reach
1941 output levels by next spring."
Although no consumer machines could be made during the war
159, p. 976.
of
business
the
on
day
holders
of
which
on
each share
of
record
the stockholders
the
at
Sherritt Gordon Mines,
Net
return
Devel.,
from
sales.
&
oper.
profit
$928,652
Non-operating
Total
$826,977
■
731,243
671,437
725,269
$263,544
$155,540
$164,379
4,656
147,019
2,820
3,455
$352,829
$158,360
$167,835
150,000
$410,563
100,000
8,615
10,000
$202,829
$310,563
$149,745
$157,835
revenue.
for
Realized
taxes™.
profit
...
Note—Capital expenditures amounted to $238,089 in 1945,
$7,748 in
1944, $143,764 in 1943, and $89,817 in 1942.—V.
162, p. 173.
*
Serrick
L.
F.
The
Sherrick,
Working
with
of
President,
condition
capital
$705,192
post-war
at
at
June
June
refund
of
30,
effect
has
been
12 Months Ended
Aug.
letter
to
Operating
stockholders,
shows
company
while working capital increased, was due
income taxes and renegotiation refunds.
For
the years
before
sorbed
of
ended Jane 30,
amounts
provision
1944, and June
representing
for
Federal
to
30,
1945,
Provision
compared
Taxes
deduction
reserves
for
Fed.
and
Other
the company
taxes.
that
of
high
contracts for the
completed.
of
l
applicable
taxes,
_
Provision
June 30.
degree
for
1945,
on
however
in
year
the
income
by
Net
to
on
refund
to
a
lower
cost
of
to,
June
after
Net
of
experience
amount
make conjectural
of
the
has
of
profit has
renegotiation
shown
renegotiate
actual
-hS LhL<"5
already meeting
war
contracts
the
and
of
final
for
sale
allowed.
such
sales
to
ended
year
other
parts
a
variance
and
the
from
cost
year
thereof
as
goods
Selling
and
r
of
railway
income
property
by
com.
stk.)
ICC
The
revenues.™
oper.
expenses™..
from
revenue
*
income
_
Income
charges,
based
on
Normal
than
and
tax
declared
State,
and
excess
profits
subsidiary.—V.
income
ments
for
™"™~
and
"o
year
renegotiation
and
Joint
1944
6,626,124
483,397
A
post-war
Class
B
common
dividends
dividends
$10,602
"$25,914
1029.
p.
Output—
Sept.
on
RR.—Bonds
Aulhorized—
19
price, and the proceeds, together with other funds, used to redeem
outstanding first refunding mortgage gold bonds, due
same
$159,459,000 of
Jan.
1,
1955.
Authority was granted to the Southern Pacific Co., (a) to assume
obligation and liability, as guarantor, in respect oi the payment of the
principal of and the interest on the proposed first mortgage bonds
by endorsing its guaranty thereon, <b) to pledge with the trustee under
the
first
of the Southern Pacific RR. not exceeding $21,Eastern RR. first and refunding mortgage bonds,
mortgage
Arizona
of
328,000
due May 1, 1950, and $4,698,000 of first and refunding mortgage bonds,
due April 1, 1965, and 232,700 shares of common stock (par $100) of
El
Paso
p.
1326.
1945—8 Mos.—1944
J;
$
55,529,967 416.698,499 420,678,085
35,881,417 283,670,593 276,196,552
19,648,550
614,222
664,386
5,609,278
1,381,632
4,742,425
and
taxes
1.004,026
11,269,878
10,584,722
9,475,159
3,089
12,021
60,028,698
Cr74,417
72,333.257
82,364
2,156,527
70,912
2,138,159
16*561,542
Ve
of
of 1%
bids
to
593,787
another
most
advantageous
& Co., and
A bonds to
B
ries
4,485, 798
3,894,157
34,543,997
36,532,708
taxes;
(net)__
to
sell
to
the
Southern
group
In response there¬
all the bonds, and
of bidders for the Series A bonds only.
The bids
to the railroad company were made by Kuhn, Loeb
associates, and were 98 and int. for each series, the Series
bear interest at the rate of 2"%% per annum and the Se¬
the
and
Series
bonds
C
to
bear
interest
at
the
rate
of 3%%
annum.
Those bids have been accepted.
The railroad company proposes to sell the
Southern Pacillc Co. at the same price, namely
per
Series D bonds to the
98 and int.
As stated
above, those bonds will bear interest at the rate of 3% % per annum.
On
the above basis,
the average annual cost of the proceeds will
be 3.04% for the Series A bonds, 3.85% for the Series B bonds, ajid
3.84%
for
Series C
the
and D
bonds.
effect
of the proposed refinancing will be a gross reduction of
in interest charges from Jan. 1, 1946, to Jan. 1, 1955, the
maturity date of the outstanding bonds.
Expenses and other deduc¬
The
$8,748,990
tions
estimated
are
the
at
from
it
$12,769,400.
be seen that for the period mentioned the
other deductions will exceed the reduction in
The applicants assert, however, that
the refinancing will benefit them in the following respects: There will
be an immediate reduction in the amount oi the outstanding bonds
From
above
charges
will
and
expenses
by
$4,020,410.
or $9,459,000,
and the amount of
public will be reduced from $143,437,500
The interest on the outstanding bonds
amounts to $6,378,360 a year, while the interest on the proposed bonds
will amount to $5,406,250 a year, or a reduction of $972,110 for the
first year.
An1 additional reduction in interest charges, not giving
effect to any retirements through the sinking fund, of $718,750 a year
will result upon the
retirement at maturity on Jan. 1, 1961, of the
Series A bonds, and a further reduction of $1,875,000 a year upon the
retirement on Jan. 1, 1986, of the Series B bonds, assuming that both
series are retired without refunding.
There will also be further re¬
to
to
$159,459,000
the bonds in
$150,000,000,
the hands
$125,000,000,
or
of the
$18,473,500.
ductions
to
in*fixed charges because of the operation of the sinking hand
provided for the Series A. B and C bonds.
The applicants also
that they will be benefited to the extent of $1,091,618 through
be
deductions
and credits for Federal income tax purposes resulting from
of the duplicate interest and the issue of the new bonds.
They also state that the premium of $7,173,675 incident to the re¬
demption of the outstanding bonds held by the public and aporoximately $2,000,000 of unamortized discount applicable to such bends
the payment
allowable
deductions
as
Income
for
and
profits
excess
tax
pur¬
poses.
creation
The
of
first
presently of
bonds thereunder in the amount of $150,000,000 to refund in part the
$159,459,000 of outstanding bonds is a step in the program to improve
the debt structure of the Southern Pacific Co. and its subsidiaries on
which
the
1945,
new
Southern
the public
of
and
mortgage
those
the
companies has
issue
been
actively
engaged
five years.
funded debt
the
of
a
management
for more than
During the period Dec. 31, 1939, to June 30,
than equipment obligations) and bank loans
Co, and its wholly-owned subsidiaries held by
(other
Pacific
have been
reduced in the principal amount of $197,617,175,
while equipment obligations have increased by $13,297,391,
or
38.4%.
During the same period annual interest charges on such
debt and equipment obligations held by the public have been reduced
by $7,662,686, or 24.7%.
Upon completion of the proposed refunding
the principal amount of funded debt (other than equipment obliga¬
tions) and bank loans in the hands of the public will, since Dec. 31,
1939, have been reduced by at least $216,090,675. or 30.2 % , and annual
interest charges on
such debt and equipment obligations will have
818,114
5,452,219
city
*
(c)
per annum, separately for each series.
received from one group of bidders for
were
from
27.6%,
14,751,621
51,702
133,027,906 144,481,533
5,180,300
5,036,091
and
petitive bidding, and invitations to bid were also sent to 336 investment
houses, insurance companies, and banks or bankers, the bidders to
the purchase price, together with the interest rate in multiples
or
"664. 505
RR.,
state
in
from
Transportation System
■
Southwestern
&
RR. $15,985,500 of Southern Pacific RR. first refunding mort¬
gold bonds, due Jan. 1, 1955, at 105 and int.
The report of the Commission states in part:
The Series A, B and C bonds were offered for sale through com¬
gage
facil.
rents
"Net ry.-oper.
(net)
been reduced
by $8,932,876.
inc.___
"Before provision
for
interest
charges
on
outstanding
debt,
or
other
$2 171 990
August—1945
$1,807,346
Gross
55 540
from
Net
56,872
105,468
1,411,826
from
Net
ry.
From
Gross
1,220,302
$559,327
and
from
ry.
1944
1943
and
due
registered
owners
of
first
refunding mortgage
gold
1, 1955, have been notified that redemption of all
outstanding will be made on Jam 1, 1946. at 105 and
Prepayment of the full redemption price, including premium
accrued
interest
Jan,
to
1,
1946, may be received at The Chase
National Bank of the City of New York, successor trustee,
Street, New York 15, at any time.—V. 162, pp. 1400, 1326.
1942
4%
Jan.
bonds
11
Broad
railway
oper.
Net
$424,703
these
$41,201,940 $43 ,938,234 $38,499,685 $32,850,234
10,975,892
14 ,648,537
12,579,352
13,782,850
income„__
3,462,249
2 ,791,258
3,578,980
6,669,554
railway™
January 1—
from
Holders
bonds,
interest.
Earnings of Company Only— t
23,209
Called—
Bonds
"
.'%".•>>
„
railway—332,666,068 330
1,980,208 305,888,734 223,759,419
railway..
oper.
99,236,631 104t,381,556
income™
25,204,763
120,650,018
84,752,620
41,279,931
Southwestern States Telephone Co.—Bonds Called—
All of the outstanding
first mortgage bonds, 444%
have been called for redemption on Oct. 22,
Payment will
be
made
at
the
City
1945,
National
series due 1968,
at lQQVz and interest.
Bank
&
Trust
Co.,
.
203
41,885,343
25
i.866,213
South
La
Salle St.,
Chicago, 111.—V. 158, p. 295.
adjust¬
contingencies
common
162,
resulting
$1,784,137
33 528
I
"
™I™~"
(A. G.) Spalding & Bros., Inc.—Initial Dividend—
Orders New Equipment—
300,000
250,000
$259,327
$174,703
44,125
43.575
this
75,963
75,963
dent.
income
Class
taxes
716 910
taxes
~
Net
for
$2.51
reduction
to
$
50,540,342
36,318,546
taxes
county
taxes
Federal
value
_
tax.___i_.___;
$299,237
$2.77
—
equivalent
14,221. 796
insur.
retire,
Equip, rents
14.: oq7
___™__
tax, surtax,
profits
profits
162,
$8,893,658
Federal" "taxes
income™;
income
excess
Excess
other
335,678
ry.
operations
Federal
Miscellaneous
7,762,679
.
expenses
$676
1,048,016
authorized the company to issue not exceeding
$150,000,000 1st mtge. bonds, consisting of $25,000,000 of Series A,
$50,000,000 of Series B, $50,000 000 of Series C, and $25,000,000 of
Series D, the series A, B, and C bonds to be sold at 98 and interest,
and the Series D bonds to be sold to the Southern Pacific Co. at the
are
investment
1945—Month—1944
oper.
Unemploy.
30
'528^428
....
income
Gross
Net
Federal
railway
Ry.
to
1945
-j-
Net
(118,938 shrs. of
street
on
$634,915
335,678
stocks-
n6n-operating income Items.
rX'i
Other
Prov.
417,478
$330,238
preferred
Ry.
to
$10,429,568
administrative
deductions
$
management is
Years Ended June
"•
7%
sold
$1,048,836
413,921
$665,916
on
Period End. Aug. 31—
arising from the termination of its
peacetime production.
Company is a
-
T
139,886
$1,083,394
amount.
statement of Net Iucome,
.-V
,
Sc/i#
Cost of
$908,950
132,285
Southern Pacific Co.—Earns, of
going into-other products, therefore, the trend
.of its
reconversion
should
follow
closely that of the industries it
supplies, such as automotive, refrigeration and
household utilities.
;
265,910
,
share
loss
consolidated
deduction
been
the
the war ?,nd vict?r,v achieved, the
new problems
conversion
232,272
237,936
(net).
accrued
per
"For
Net
manufacturer
338.254
income
Earns.
30,
The
has been
past
470,155
taxes
surplus
and
earnings
Dividends
increased cost of
production under government
rate
1,302,968
mechanical reasons it is not always
to arrange companies in exact
alphabetical
However, they are always as near alphabetical
position as possible.
assert
busi¬
standard
ended
year
agreed
$237,515.
to increased
which
estimated
295,315
481,975
profits
reserve
Interest charges and
virtue
other
made. The estimated
figure is based to a large
company's past experience in renegotiation
proceedings*
the
the
The
amounted
enegotiation is due directly
contracts, of items
291,897
income)
excess
136,061
for
28%
of
net
income
While income taxes ab¬
for all.
.J^en£goti^!onbeen 6°vernment
°*
1944, has.nmv
1,415,944
$951,109
"Special addition
the rise in the national debt is
being retarded and the burden
future of American
industry is being lessened at a time when
is charged with the
greatest of all responsibilities—attain¬
cf tlm. goal of this
war—lasting peace and a
ment
1944
$3,724,611
1,495,870
155,610
depreciation
than
Income
onh nation
living
1945
$3,952,652
■'«/-«
"™_™
(other
Federal
nesses,
the
oh
Co.—Earnings—
31—
revenues
approximately
income
approximately 72% of profits, it is recognized
payment of high taxes by this and thousands
the
-improvement.
larger
1.323,646
order.
interest
Maintenance
profits tax against current tax liability,
to this provision.
The decrease in current
ratio,
retained
the
at
Operation
states:
continued
30, 1945, amounted to $963,350,
1944.
Recent legislation permits
given
during
maintained
Sioux City Gas & Electric
excess
"
and
in
of
118,319
$2,973,627
output of this company for the week ended Sept. 22, 1945,
2,149,000 kwh., as compared with 2,097,000 kwh. for the corre¬
sponding week last year, an increase of 2.5%.—V. 162, p. 1400.
estimated
Corp.—Annual Report—
financial
were
boats and hundreds of other items.
Production of industrial machines
for civilian manufacture has now been resumed and will
gradually be
increased as labor and material become available.
Work
has also
been
resumed
on
Singer vacuum cleaners, which formed a sizable
part of Singer's pre-war production facilities.—V.
162, p. 882.
before
write-offs
<
$889,648
$348,173
income
Provision
?,
$994,787
m%t
...
condition
courses
„
580,478
Operating
~
1942
admin,
costs
*
1943
useful
past
four years.
Sewing
unprecedented levels and, in
addition to regular educational courses,
special classes were conducted
for- teen-agers and war charity groups.
Notions departments of the
Singer sewing centers were expanded to include a variety of fashion
accessories as well as complete lines of sewing supplies.
National advertising, featuring the war-time services of the Singer
sewing centers, was continued regularly.
• •"*;
Registration for ,new machines by thousands of women at Singer
sewing centers already has demonstrated peak demand for new models.
Tljis company, the world's largest maker of sewing machines for
both household and factory
use, normally makes over 3,000 different
varieties.
During the war, in addition to producing a large volume of
military equipment for the armed forces, the company continued to
produce many types of sewing machines required for the
manufacture
of
uniforms, shoes, parachutes, cartridge belts, gun covers, rubber
vote.
1944
in
instruction
Ltd.—Earnings—
1945
648,557
120,103
divs._
Southern Colorado Power Co.—Weekly
the
machines
close
New York Stock Exchange directs that
the common stock be
quoted "ex" said distribution until further notice.—V. 162,, p. 1326.
3 Mos. End. June 30—
809.582
Pacific
period, the company kept open its nation-wide chain of sewing centers
and
through
repair
service
put
around
2,000,000
old
consumer
The
not
1,119,674
67,394
totaled
<
a special meeting to be held
1, 1945, a four-for-one split-up will be effected in the common
of no par value, by the distribution as soon as practicable of
Oct.
shares to
and
"Deficit.—V.
and
Subject" to approval of stockholders at
three additional
$3,263,504
93,230
"$3,021
deprec.
Southern Pacific
production
Sears, Roebuck & Co.—Stock Distribution—
stock,
1945—11 Mos.—1944-
$279,619
56,540
plant
on
cars.
115,447
Surplus
1663.
p.
for household sewing machines which have been accumu¬
for nearly four years can be only partially satisfied by ail-out
schedules
during the next six months,"
the company's
lating
N. H., as one in which one or more parties
interest to buy or lease.
It is said the plant cost
expressed an
$609,331.
The company
hopper
NOTE'—-For
"Demands
corpora¬
Laconia,
have
service gon¬
gondola cars and
possible
The company on Sept. 25 announced that sewing machines for con¬
sumer use are now rolling off
production lines in the place of bombsights and guns, and will be ready for distribution in sizable quantities
by the end of November,
New Singer models,
the first for consumer use since shortly after
Pearl Harbor,
when company manufacturing facilities were concen¬
trated on war production, will be distributed exclusively through the
company's 2,000 sewing centers in line with pre-war merchandising
policy.
then held.
The number of common shares
outstanding was increased from
1,890,000 shares to 2,520,000,
and
the number of authorized common shares from 2,550,000 to 5,000,000.
stock
common
general
open-top
2227.
Singer (Sewing Machine) Mfg. Co.—Sewing Machines
for Consumers Ready by November—
payable Nov. 10
Sept. 21 following
value
550
70-ton
common
stock,
par
Co.,
tight-bottom
250
$289,069
maintenance
Taxes
Adolph Radnitzer, foimerly Vice-President and Secretary of Loft,
Inc., now known as Pepsi-Cola Co., has been elected Vice-President of
Simplicity Pattern Co., Inc.
Mr. Radnitzer will be in charge oi the
company's plants and branches in the United States, Canada, England
the
obtain
to
Co.,
1945—Month—1944
earnings
and
Simplicity Pattern Co., Inc.—New Vice-President—
reorganization committee has issued a notice to the effect that
who have not heretofore deposited under the plan
holders of securities
of
Steel
200
Car,
Electric
Total
1944, $1,100,500.—V.
1945
Steel
Foundry
1211.
Gross
257,768
$2,749,277
:
&
599,323
100,000
surplus
Bethlehem
cars;
Ralston
Car
162, p.
Deposit of Securities Under Plan—
The
hopper
Oper.
100,000
242,085
151,926
599,323
($5
($1
donated
69,065
60,037
accrued
payroll
estate,
587,498
92,823
accrued
and commissions
capacity.
Car
Period End. Aug. 31—
pro¬
744,087
compensation
Reserve
for not more than 75%
of the total cost of the following new equipment estimated to cost not
less than S5.103,997: 14 2000 h.p. Diesel passenger locomotive units,
and 30 streamlined,
air conditioned, stainless lightweight steel pas¬
senger cars,
consisting of 12 coaches, nine dining cars, six tavernobservation cars, and three baggage-dormitory cars.
and
for
service gon¬
hopper
open-top
Southern Canada Power Co., Ltd.—Earnings—
70,000
—
income
on
renegotiation
Salaries, wages
Real
r-„
taxes
and
increases
wage
allowances
Federal
general
250
$253,786
$202,454
•
__.
550
and
cars
designed
especially
capacity
cement;
as
Car
cars;
—V.
payable
70-ton
gondola
have
•
Steel
American
Liabilities-
of
cars
tight-bottom
been placed with car manufacturers as follows:
Co., Inc., 1,000 40-foot 6-inch box cars; PullmanMfg. Co., 600 40-foot 6-inch box cars; General Ameri¬
Transportation Corp., 750 50-foot 6-inch auto cars and 150 70-ton
Pressed
,
—$2,749,277
orders
of
automobile
commodities" such
70-ton
of
The
post-war
cars
The
hopper
200
cars;
cars
120,000
—
.__™___-™
covered
big
box
cars.
handling bulk
dola
509,100
first
1, 1945
equipment purchases of the rail¬
lightweight steel construction and 750
cars will be equipped
with the latest
type interchangeable loading devices for
handling both trucks and
passenger cars,
according to the announcement.
Also included are
automobile
150
530,654
1
^
orders, the
road, are 1,600
—
539,421
——
]___
expenses—
Total
576,383
'
566,836
—
Goodwill'
prepaid
$597,591
credit
post-war
against excess
profits tax—estimated (included in current
assets in
1945)___.__i^._.—
^
Property, plant and equipment—deprec. cost—
Total
1944
..
,
110,129
...
Inventories—net
Receivable
^
the
after Jan. 4,
or
±1$.
-1946
to provide
issued
being
certificates are
receivabe
Post-war
land & Kendall, Inc.
The
1945
$924,253
608,568
<
___™„.™™™™_-™...—
Accounts
I;- V'»r
Sheet; June 30
V."\
Cash
'.Seaboard Air Line Ry.—Equipment Trusts Offered—
Halsey, Stuart & Co., Inc. won the award Sept. 26 of
$3,810,000 series "OO" equipment trust certificates as 2s,
and immediately reoffered the certificates at prices to
yield 0.90% to 2.40%, subject to Interstate Commerce
Commission approval.
This was the only bid received.
The certificates mature semi-annually from April 1, 1946
through Oct. 1, 1960, and are being issued under the
Philadelphia plan.
Associated with Halsey, Stuart &
Co., Inc., in the offering are: Harris, Hall & Co. (Inc.);
Blair & Co., Inc.; Equitable Securities Corp.; Otis & Co.,
Inc.; Alex. Brown & Sons; First of Michigan Corp.; The
Illinois Co.; Hayden, Miller & Co.; Julien Collins & Co.;
The First Cleveland Corp.; Kebbon, McCormick & Co.;
McMaster Hutchinson & Co.; Mullaney, Ross & Co.; Al¬
fred O'Gara & Co.; F. S. Yantis & Co., Inc.; C. C. Collings
& Co., Inc.; Mason, Moran & Co.; and Patterson, Cope-
^-".Monday, October
-Comparative Balance
Assets—'
See American
,v ••
.
jraEsCOMME^^
1520
f
*
Orders
for
construction
conjpany
3,500
to
it
Deliveries
new
cost
was
are-
freight
cars
approximately
announced
scheduled
on
to
of
the
most
$13,900,000
Sept.
start
25
by
early
advanced
have
A.
in
T.
placed
Mercier,
1946.
An
design and
been
by
Presi¬
Included
In
initial
common
p*
".."'■V
dividend of
W
stock, payable Oct.
; :V
2597.-'
cents
per
share has been declared
on
the
15 to holders of record Oct. 8.—V. 161,
■
■'
*.• ••
(Continued on page 1555)
-
^
1521
{Stock and Bond Sales
New York Stock Exchange
«»
^WEEKl*|-^EARW!^j5j5®iHS5'w'V®s'^-;.
lfOTICh—Casti and deferred <Mlmr sales an diacegardod in the day* range,
anises they are the only transactions of the day. No
United States Government Securities
Below
,
tm
■
mm
■
■
i
*
'
9
Sep.32
Dally Record of U. 8. Bond Frlees
"
'
1
Sep. 24
'
1
1
"
-
"
for
range
the
year.
Loan^oupoi^onds
on the New York Stock Exchange during the current
Sep. 26
Sep. 25
''
•
Sep. 28
Sep. 27
Daily Record of U. 8.
fHigh
Treasury
4Kb, 1947-62
Treasury
i
2
sales
|
in
Total sales in
Vis,
2
[Close
sales in $1,000
$1,000
22
101.8
101.8
5
units
iy«s, 1954-56
J Low
[Close
Total sales In $1,000
units
(High
Low
\
[Close
Total sales In
[ High
$1,000 units
113
j
•
112.30
Low
[close
104. 2
(High
Low
Total sales In $1,000 units
Total
IHigh
Low
2
sales
in
$1,000
units
*
104. 2
Close
112.30
10
104. 2
>
___
2
:
(High
Vis, 1959-62
100.17
100.21
j Low
Total sales In
100.17
100.19
[Close
—
Close
Total sales in $1,000 unlts.
100.17
100.19
$1,000 units.
5
[High
(Hign
Low
2s,
1S47
20
:
.
( Low
(Close
[Close
Total sales In $1,000 units—
Total sales
In $1,000
units—
.—
[High
1 Hign
Low
2s, March
(Close
1948-50
.[ Low
(Close
Total sales In $1,000 units—.
Total sales In $1,000
/I High
l\
Mb. Dec.
2s, June,
__
1949-1951
Total sales in $1,000
lign
units
(High
\ fow
2s, Sept., 1949-1951.
(Close
( Low
[Close
Total sales in $1,000
,
[gb
unite
.
v;.'
3W
2s, Dec.,
#ose
rHign
1949-J951—
Low
(Close
.
Total sales In $1,000 units..
Total
j
(High
ft Low
2s,
I Close
sales in
March,
$1,000 units
(High
Low
\
1950-1952
*
units—1
(Close
Total sales In $1,000 units
T High
A Low
(High
Low
/[Close
Total sales in $1,000 units--
tligii
[ Low
[Close
units—L.—
.
units—
I
Low
(\Close
Total sales In $1,000 units
Hign
I Low
Iciose
1948-50—
Total sales in $1,000
T Hign
2%s, 1958-63
units
f
Low
[Clofea
\
Total sales in $1,000 units—L
Close
-
Total
If High
sales
in
fi.ooo
units
;
(High
\{ Low
2%s, 1950-52
12
■
(High
Total sales In $1,000 units
Total sales in $1,000
$8
100.23
101.8
units
aYcS, 1952-55
(High
\ Low
[close
«%s, 1949-53
1
100.22
{ Low
sales in
\ LOW
[Close
Total sales In $1,000 units
1948
100.21
100.22
[Close
Total
I%l, 1960-65
100.21
100.22
{ Low
f High
Total sales In $1,000
100.22
100.20
_.
Vis, 1951-53
Total sales In $1,000 units
8%S, 1956-59
100.20
100.20
f High
\ Low
j
■'■■■
100.20
100.20
$1,000 units
Sept.,' 1967-72
Total
$%•, 1951-54
Sep. 28
Low
I
(Hign
2%», 1948-51—
Sep. 27
(High
-
[Close
[Close
$%S, 1955-60
Sep. 26
Low
f High
2
Total sales In $1,000 units
Ss, 1951-55
Sep. 25
[Close
( Low
Si, 1946-48
Sep. 24
$1,000 units
.
}~High
sKb, 1949-52
Sep.22
fHigh
2Vis, June 1967-72
[Close
Total sales in $1,000 units..
$%s, 1946-49
Prices
.
[Close
Total
-
f High
( Low
3%s, 1946-56
Bond
'
Vis, 1966-71
[Close
Total sales In $1,000 units—
2%s,
the
the New York Stock Exchange
on
daily xecord ol the transactions in Treasury and Home Owners'
sales in eompnting
Figures after decimal point represent one or more 32d of a point.
week.
■i.i
we Jfurnish a
account Is taken of each
Total sales In
103
j Low
Iciose
2s. 1951-1953
[Close
Total sales In $1,000 units—J
103
103
$1,000 units
5
figh
\ Low
[Clqse
2'/as, 1952-54
Close
Total sales in $1,000 units—
.
Total
sales
in
$1,000 units
...
(High
(High
-] Low
2%s, 1956-58—i_
(High
Low
2s, June, 1952-54
(Close
Total sales in $1,000
units
2s.
2S
1953-55
(
[Close
101.25
101.25
Total sales In $1,000
101.24
101.24
101.25
(High
—\ Low
(Close
101.24
,111
Total sales in 41.000 units
J
{ Low
Total sales in $1,000 units—
*
—
[High
Low
101.8
101.9
(Close
101.9
101.8
\
iy2s, 1950
—
101.8
101.9
Total sales In $1,000 units
101.18
Low
101.9
I Close
101.18
6
•IVi
2
•
101.9
v
1
101.18 *
101.9
\
1965-70—i.
—
1948
[Close
U
High
Low
[High
2Vis
units
(High
1 %S
[Close
Total dales in $1,000 units
7
Low
[Close
units
f%«, Dec., 1964-1969—
102.31
$1,000 units—;r_!
(High
Low
f
102.31
[Close
Total sales In
f High
l%s, June, 1964-1969
102.31
] Low
1952-54
Dec.,
[Close
Total sales in $1,000 units
Total sales in $1,000
5
(High
( Low
2Vis, 1963-1968
103.3
*
f High
—
103.3
[Close
Total sales in $1,000 units
2Vis, 1962-67
103.3
j Low
Total sales in $1,000 units
—
♦Odd lot sales.
HFive
100.18.
at
tFive registered bonds
tRegistered bond transaction,
registered bonds were sold on Sept. 26 at 101.22.
were
sold
on
Sept.
25
?
NEW YORK STOCK RECORD
LOW AND HIGH SALE PRICES
Saturday
Monday
t i>er snare
*71%
♦111%
72 %
113
80
*74
I per
71 Vi
♦111%
*76
16%
*37%
47
113
*111%
'
113
72%
*111%
79
*111%
113%
*111
79%
*78
*77
14%
15 Vb
14%
15%
14%
14%
14%
14%
33
32
16%
17
16%
16%
40
32%
16%
38%
32
16 y2
33%
16%
32%
16%
32%
16%
28%
47%
28
28
46%
47%
41
*37%
*37%
40
28%
28 Vt
28%
28%
47
474/2
46
*105
7
7%
7
4%
4Vi
•'?
*100
6%
7
4%
50
50
341/4
34%
102
*18%
179 ye
18%
179%
17%
/ 17%
:.32
*100Vi
18 Vi
18%
179%
63%
35%
34%
102
*100
102
179 Vi
52 Vi
*63
63
34%
7
4%
4%
51
50%
63
110
*105
110
64
49%
*62
71%
72%
;;
7
4%
5,700
ACF-Brill
1,000
110
x47
110
*106
7y»
6%
4 %
47%
47%
*107
16%
4,500
.Adams
6%
7
112
Adams-Millis
Address-Mutigr
-
4,500
—
7%
Air Reduction
Alabama
.
6,500
-
4%
63%
*63%
63%
35%
35%
35 Vi
35%
35%
36%
19,200
31%
102
102
18
18%
18
31%
'is 18%
177% 179%
•17%
18
177
•
31%
*100
.102
31% '
.
18
9
115
Jan
15
80
9% Jan
2
7,300
105.
18
179%
•17%
31%
32
"
-
5%%
/
10 /
180
18
Allegheny
18,900
51
j
-
—
—
' 500
600
2,200 *"
1
No
Corp.
Corp
Inc
Vlcksburg Ry
Min
Corp.
pf A with $30 war
Allen Industries Tw«
Allied Chemical ds Dye
Allied Kid Co
Allied Mills Co Inc
25% Apr 23
13 % Mar 26
10
1
Par
10
No par
100
32% Jan
1
No par
100
1
No par
-.8
No par
24
22% Apr
6
39% Jan.. 2
>
98% Jan
10 0
—100
! $2.50 prior conv preferred_No par
Alghny Lud Stl Corp
jAlleg A West Ry«* gtd
1,600
...
&
60
2.50
Co
Alaska Juneau Gold
200
*100%
Express
600
-
63%
,
Motors
200
39
28
47%
*63 %
4%
111% Apr
No par
Acme Steel Co.-
4%
31%
V:/:
15%
72% Sep
100
preferred
22
22
Year
Jun
I per share
52%
25
15
47
5% Jun
60% Jun
Jan
23
68% Mar
1
28% Jan
24
•36% Sep
28
Jan
11
104
13% Jan
2
91
153 % Mar 16
15% Jan
2
27% Aug 21
28
20% May
34"% Mar
3
1
Jan
33
Jan
2
Apr
Mar
24%
Dec
Oct
43
July
100
Dec
7% July
3V»
Deo
86
Dec
Jan
62
Dec
24%
Apr
29% July
70
.
Jan
37
Jan
91
9%
20
Sep
Dec
Deo
23%
May 28
1878 Sep
180
Dec
10%
14
5%
21
56
Jun
64
19%
11
22
Jun
114
Jan
37 Vi May
75
Jan
8'A Jun 21
2
24
V
26%
Sep 10
41
Sep
4
30% May 19
49
Apr 24
120
July 10
2% Jan
64%
10%
17
6% Jan
Jan
8% Aug
IBVt May 19
34% Sep 13
Highest
$ per share
Feb
108% Nov
Sep 26
34% Jan
>
1944
Lowest
I per share
60% Jan
Abraham & Straus
32%
50%
♦17%
31%
4%
80
4%
17%
31%
Par
—
79%
50%
176
31%
*27%
28
113
I per share
No par
Abbott Laboratories
900
50
*18
footnotes see page 1531.
*37%
38
28
Shares
71%
51%
63%
51
18%
17%
*105
178 %
17%'
38
16%
Range Since January 1
Lowest
Highest
EXCHANGE
'
18%
177%
17%
-
38%
14%
*32
Range for Previous
STOCK
NEW YORK
the Week
f per share
72%
80
Sales for
,
Sep. 28
t per share
72%
113
Friday
Sep. 27
I per share
77%
77%
Thursdav
•
33
4%
For
72%
STOCKS
Wednesday
Sep. 26
14%
110
*105
32
share
72%
71 %
47%
*28%
34'
t per
share
80
s
Sep.25
33 %
14%
*32
.
Tuesday
-
Sep. 24
Sep. 33
/
141
Jan
Apr
15%
157
Dec
Oct
Deo
13% Mar
16%
29
35V. Mar
Aug
Peb
-
•v/4
Sep. 22
51 %
33%
5%
4 *44%
46%
*34%
*46%
47%
*112
112
112
129%
34%
76%
34%
35
5%
6
47%
*46%
48
112%
114
1,100
112%
34%
35
72%
35
35
34%
34'A
34%
71
71%
69%
70%
70%
71%
31%
31%
32
32
76%
76%
75%
76'/a
19
18%
19%
18%
18%
4
50
49%
49
51
*
11%
11%
11%
105%
*104%
105%
106
106%
105%
106%
188
188%
188%
188%
188%
187%
61
118%
117%
33%
33%
12
187%
61
61
60%
187%
60%
118
*117
118%
117%
117%
34%
34%
105%
187%
34%
-58%
61
3,900
118
600
59
60
117%
118%
34%
34%'
5,500
35
124%
125
127%
129%
129%
131 %
131 %
124
34%
129%
129%
124?
33%
125 »/4
143%
142%
142%
142%
142%
141%
142
142 Va
142%
21%
24%
142%
142
141%
22%
24%
23%
24%
23%
23%
23%
23%
23
24
24%
24
24
*23%
23%
23%
*32%
21%
24%
24%
38%
39%
38%
■it
7%
.7%
*15
40'A
4%
4%
4%
4%
109 %
109%
109%
109%
27%
28%
ly/;
2,700
7%
*50%
52%
80%
81%
81%
81%
80%
81%
80
801/2
9%
9%
98%
11%
12
11%
♦51
36%
116
115%
30%
30%
30%
14%
30%
'>-4 14%
14%
14%
30%
4 31
61%
7%
H 61
7%
83%
73%
17%
17%
*92
24%
300
11%
*11%
12
50%
*50
50%
290
36%
35%
36 Va
II,300
115%
115%
115%
115%
1,400
30%
30%
30'A
30 Va
4,600
Amer
9,600
Amer
12,200
Amer
15%
14%
32
31%
134
*132%
84%
7%
7%
15 Vs
14%
32
30%
*133
134%
55%
38,000
8
8
86%
86
88
88%
75%
78%
78%
79%
$5
75
74
18
17%
*180
18
17%
183%
17,900
American
183%
24
24%
23%
24%
23%
24%
23%
24%
92 %
92%
93
92%
93
93
94
1,050
25%
25%
25%
26
3,200
29%
30
30%
30%
1,300
39%
58%
•169%
24%
24%
25
25
29%
29%
58%
24%
25%
29%
29%
29%
29%
38%
30
■t
46
155
159
♦155
168 %
170
170
155
59%
60%
58%
>
46
46%
38%
*38
58%
170
*169'A
170
♦46 %
39 %
39
58%
46%
46%
46%
*153
157
*153
iHk 23
23%
30%
48%
30%
*48
♦139%
36%
36%
22%
**22%
22%
29%
28%
139%
33
-.4
183
♦116%
"
"7%
7%
7%
7%
109%
50%
50%
50%
50%
50%
37%
37%
37%
37%
37%
37%
38 Va
37%
110%
7%
7%
:<4
28%
28%
*
.
:
*127
130
•
-
53%
64
15
15';
30
*125
128
*48%
-
53%
52%
53%
16
16%
•*125%
127
*125%
127
123
123
*122
122%
123
*48%
92%
91%
107%
92%
-
"
109v
69
93
-
,.
'
*
*56%
♦101
33
33%
,
17%
♦112%
113
17%
17%
75'
17%
24%
*23%
24%
15%
15%
15%
15%
m
65 n "Dec
37% Sep
26
i
preferred-
120
8
■
*119
,
*102
20
20%
7%
Co
preferred
Constable
Corp—
5
900
3.800
1,000
140
4%
18%
6,700
Atlas
18
conv
7%
121
122
84
85
1,860
*121
124
;
30
19%
20%
8Va
2
11% Sep
117% Jun
7%
43,600
Jan
Dec
24%
Jan
29 Va
Dec
25
Jan
39
Dec
20
Jan
28% Juiv
"93/4
Jan
14%
2 Va
Jan
19
15
Dec
43/4 Aug
~4%
Apr
~6%
74%
Jan
107%
Dec
85
Jan
119
Jan
35 Va
Apr
July
46%
Jun
9 Va
Feb
12% July
Jan
133/a
3
127
111
Jan
4
125
Jun
25
Jun
19%
Dec
12%
Jan
90
Jan
113
Jan
113% Nov
Dec
July 26
85%
Mar
9
Jan
12
50% Sep
4
108% Mar 23
103 Va
Jan
76% Jan
31
101
25
53%
Jan
83%
Dec
114% May 19
82
Jan
106Va
Dec
45
106
Jan
30
48 Va Jan
22
33% Feb
1
101
-
7
30% July 27
110
Apr
20
Jun
33
Jan
55
25
Feb
38% Nov
7
59 Va
Jun
76
36% Feb
15
24%
Jan
114% Aug 28
107%
Feb
Jan
17%
Jan
57 y«
Oct
62
Jun
14% Jan
22
19% Jun
27
19
58
Jan
23
53 Va
Sep
27
60
Jan
2
86
113
Jan
25
122
6
10% Jan
22
Jan
2
Dec
25%
55% Feb
18% Jan
Sep
108% Nov
1
11 S/a
77
45%
May
40% May
80
Feb
79% Jun 25
•
71% Sep
No par
27
25% Aug
9
Sep
52 Va
112
Nov
32% May
114
Apr
>
Oct
Dec
120 3/a Aug
May
Dec
20
14% May
26
7
Jan
13% May
Sep
20
66
Apr
84 % May
15% Nov
16 Va Jun
103
5o
(The)
Dec
;
8%
20
—No par
No par
Co
Aviation Corp of Del
9%
107
26
Jan
—50
No par
100
Nichols
.
15% AUg 28
30% Sep 21
16% Sep
2
Jan
J
S5 prior A
,
57
10*
24
22
Sep 28
Se£ 13
133
42% July 27
11% Jan
2
14% Jan
2
23% Sep
14
14%
Dec
->
5% Jan
24
9 %Jun
28
3%
Jan
30% Jim
6
'
7%
Mar 27
111
—100
-25
-—100
pref series A
preferred
"Autocar
2,000
7%
7%
Austin
k
\
19%
19%
7%
106
*102
106
*102
20
2,500
6% Jan
102% Mar 27
113
100
——1
Atlas Tack Corp—
14%
28 Va Sep
100
100
100
Atlas Powder
1.5% conv preferred
24%
14%
15
15
106 '
*23%
24%
*23%
13
No par
Corp
6%
57
*56'A
86
122
85%
84%
23% Sep
—100
preferred—,
'
30
28
7% Sep
100
Refining—
Atlantic
5,100
;
16 % Sep
18
preferred—
Atch Topeka & Santa Fe
5% preferred———
Atlantic Coast Line' RR
Atl G & W I SS tiineS
5% non-cum preferred
75
33
2d
44% Apr
—
preferred—
1st
27
16% Aug
Nov
100
30
2
No par
—5
No par
*
38% Sep
112 % Apr
4Va Jan
-TOO
Corp
6
12% Aub 17
—5
No par
of Illinois
5%
112%
111%
57
56%
57
ft
x56.Va July 12
109
-21%
-20
5
Mining
W Paper Co Inc
Copper
83
July 20
38% July
6
24% Jan
12".50
No par
Corp
"
81%
20%
20%
*56%
'
105
•102
106
56%
82
80
15%
.
Feb
18% Sep
111 ;
6
7%
6,800
37%
32%
18%
18
*23%
*56 %
57
20%
44
Assoc Investment Co..
69
*72%
33
113%
>*118%
*103
22
preferred ——
Armstrong Cork Co—
10
109%
'
37
75
32%
♦112%
24%
8
Jun
9
2
80
.
94 '
68
36%
33%
120%
20%
6% July
7%
50%
107
109%
68%
-
113%
80%
14%
,104
8
33
*72%
75
*72%
*112%
109%
%
36 Va
*72%
36%
33%
14%
20%
36%
17%
24%
*14%
36%
♦23%
120
*23%
36%
121%
--92%
68
69
75 .:
93%
108%
109'A
79%
*118%
80
*118%
109
'
17%
*56%
57
79%
Jan
Artloom
*48%
Dec
Jun
120% July
Jan
Associated Dry Goods.*
121%
Apr
29 Va Jan
6%
15%
Apr
116%
49
Jan
121% Mar 15
July
July
152% July
Jan
8%
39%
38% Jan
127%
139
19
28
preferred,
Arnold
75
4
$6 conv prior
2,800
Dec
75
Jan
61 Va Sep
Archer-Daniels-Midland new_No par
*2,300
Jan
20 % Sep
23
Armour
56%
13% Mar 27
60 Va Jan
P
166%
57%
43% Mar 27
25
A
7
Jun
xl61
Dec
Jun
67%
3,700
*105%
25
25
Dec
31%
26% May
156
Jan
28
22
2,700
50%
88% Sep
8% Jun
30
107
87% Sep
2
128% Jun
15%
*125
2
5% Mar 27
$4
110
16 Va
3
13
100 Vs Mar 26
700
53 %
145 % Jan
28
Sep
Dec
Jan
15%
92%
*
68
•111% 113
17%
17%
109
94
Dec
Jan
29%
122%
*49
*105%
70%
*72%
v?
113
93%
'
133
„
52%
127 Va
122
50%
105
"69%
32%
75
33%
32%
106
36
36
"
*72%
"
♦111%
*49
28%
Jan
30
*125
69
683/V
37
*36
15
29%
107%
94%
93
109
109
4
50%
*105%
*
"
109
68%
J
*49
50%
*105%
'
Jun
6Ve
15%
15%
30
Dec
22%
Dec
6%
Anchor Hock Glass
26,300
117
Jan
65% Jan
186
Copper Mining—
50
Anaconda Wire ft Cable~~-No par
1,600
*16
,16
29%
15
29%
-
•108%
15%
30
*14%
15
133
52%
16
,
117
131
52%
,15%
,10%
10%
116
131
15%
29%
123
-n
50%
107% '
130
152%
84 Va
S5 prior conv
>4,100
10%
28%
"53'A
♦125% 127
123
♦121
4
29%
30
28%
10%
28 Va
6%
-
31
65
36 % Sep
2
Jan
7
Mar
1
270
26 Va
6%
53%
"
•
15
15
*14%
6%
29% Jan
157
Anaconda
1,300
i
142
12
100
200
530
110%
6%
15%
53%
14%
130
Dec
Nov
146
14
6%
130
6
28
28
6%
130
10
Aug
28
Andes
Jr
130
*127
Sep
Lead ft Smelt—
Amer Zinc
23,100
.37%
128% Jan
par
100
Preferred
600
<
41
No par
Anderson, Clayton & Co
116
164
Jun
1,500
107/a
47
9
45%
29% Jun
1,700
29%
9
Feb
165%
2
16 %
117
41 % Apr
153
43 Va July
Jan
39% May
147
22
11
41%
10%
172 Va Aug
23
15%
117
Jan
60% Sep 28
2
3
Jan
41%
*28%
36 Va
Aug 21
40% Jan
164% Jan
10
Woolen—,c„—
American
16
"
Dec
13
41%
10%
37 Va
99% Jan
16
28%
Jan
Feb
"8% Jan
41%
117
26%
40
116 V8 Sep
15%
10%
Dec
15
32
Dec
par
41%
117
19%
par
110%
116%
116%
Sep
Feb
100
41%
"
117
18 Va
13%
No
*15%
11
10%
?'
11
♦116'%
Jan
28
30%.Sep
15
14
....
109%
7
13%
,
15%
.
Sep 28
25
preferred
1st
41%
110%
77%
62 Va
Wks 8c Elec—.—No
preferred:
Water
15%
.j
6%
A 28%
109 %
Jan
21
28
100
v41%
7
Jan
Sep
25
No
preferred
$6
18,000
73
*110
110%
*110
Am
6,600
8%
7%
50%
"*
12 Va
Aug
17% July
26
17% Jan
100
Telep & Teleg Co—
Tobacco
class B
-
6%
200
120
*118
7%
Refining
Ajner Type Foundries Inc,
American Viscose Corp—
56,900
22%
21%
22%
Foundries
Common
5 %
18%
50%
15%
180
Jan
94
75
25
Sumatra Tobacco
Amer
4,000
36% ,37
50 Va
51
42
Dec
12% Aug
Jan
15% Jan
100
American
2,600
111
73
15%
'10%
10,700
87
36%
*41%
28%
■'28%
182%
Am
1,100
•109%
7%
7%
36 Va
73
42 *
Dec
60%
18% Jan
25
100
Preferred
700
139
36%
15%
66'A
56
37%
110
*
15%
163
Feb
Feb
Jan
132
37%
37%
37%
24% Sep
9 i
Jan
72
50%
16
40
111
36%
1 50%
*50
Mar
184
Jan
176
44%
7
*109'A
118%
*70
25
47%
72
rr
Sep
19% July
-
36%
18
25%
37
75
*71
■
■
36%
11% Jan
Feb
36%
"
75%
*71
-4.
28
par
100
8 %
Jan
118%
7%
Sep
Sep
79% Sep
Dec
3% Aug
Jan
17%
17%
111
21%
90
54% Jan
Oct
43
Jun
15
87
118%
118
60 % Jan
par
130
Jan
2
29
*116%
22%
2% Jan
par
Feb
32
115%
16%
118%
119%
7%
par
Sep
3
*116%
22 %
63
Dec
Dec
20
118%
119%
'7%
26
Mar
*116%
22%
Feb
20
56% Jan
118%
119
24
No
American Sugar
3,600
119
12% July
Aug 21
61 Va
'
Jan
900
60%
:
8%
21
25
32
Sep 25
142% May 24
Sep
61
22%
15% Sep
30% Sep
60
118 Va
24 Va
25
60%
|
22%
Feb
37
60%
110
Dec
14%
2
59 %
110
Dec
111%
Jan
3
59%
17%
28%
Jan
46
Aug 31
16
300
*109%
Jun
Feb
37% Sep
116
Mar 26
No
50
14%
80 Va
31% Sep
30
17% Jan
5,200
*116%
4
10
22
22
Jan
27% Jan
88%
17%
51% Sep
Jan
22% Jan
-19%
111
9% Aug
par
100
158%
17
9% July
Jan
par
19%
*109
Apr
6Va
par
88%
17%
7 Va
27
No
158%
110
Dec
22
No
19%
17
79 Va
Sep
11 Va Sep
No
158%
17%
Jan
July 31
12
American Stove Co
19%
88%
61
99
3
American Stores—;
19%
158
Jan
Oct
7% Aug
Amer Steel
49%
88%
Jan
1,100
19%
158
4
1,300
88%
88%
9
9,200
182%
87%
88%
458
10% Jun
Nov
29 Va
35%
182%
87%
6% Aug
Jan
5
21
28
28
par
100
158%
22%
36%
;
181%
87%
3%
Aug 27
3
par
19%
118'A
74%
'
36%
182%
87%
87%
Dec
37
139
34
181%
183
40 Va
22%
47%
47%
34
Apr
76%
41 % Jan
—No
60%
*107%
,x7%
34
Dec
33
46
130% Jan
—No
88%
17 •*"
'
*138
Apr
94%
40
*29
139%
139
25%
Mar
par
Smelting ft Refg
157%
"
*116%
"■
*i\7K\U9
"*70
87%
*33
*
'
60
»lio fiio
7032%'. 22% '
32%
182%
29
47%
47%'*
Jun
Jan
Jan
36%
22%
*
102
Jan
15%
59
65
26
Ship Building Co
19%
19%
17%
60
32%
.
158%
158
60%
118%
*"16%
139%
88%
'
-
19%
19%
139%
87%
88%
88%
159
•157
33
47%
138%
48
48
183%
87%
87%
88%
"
'
■
■
,
...
'
29
68
May 22
Dec
Mar
5% Mar
22%
36 Va
36
29
Oct
39% Mar
par
100
preferred-
Jan
1%
155
155
157
22%
,
28% «■
23
3
-No
non-cum
11%
26
24 % Jan
American Snuff
Apr
48 % Apr
Amer
6%
8
15
18.50
Safety Razor—
-No par
American Seating Co
400
Dec
4% Aug
2% Mar
9% July 10
108
Amer
46 %
46%
46%
46 %
*153
;
36%
29
>r
47%
.■■-«'
157;
22%
M'-
30%
139%
184
87%
4
47%
33%
183%
23
v
29%
141%
>♦32%
*
■
*
46'A
36%
81% Sep
11% Mar 27
Preferred
Sep
52
21
*
Dec
21%
Jan
American
290
168%
163
Dec
107 %
7% Jan
500
60%
60 Va
60%
168%
Aug
Feb
2
par
preferred
15
20%
101%
Jan
9
par
100
Rolling Mill
conv
131% Nov
Dec
Mar
10 %
14
70
6.600
39
39
39
38%
59%
167%
60%
36%
~
36%
36%
36%
36%
*23
38%
170
4Va%
Feb
99%
3
par
.-No
115% July
1
No
-
27% July
Nov
Mar
—No
Light
Jan
6% Jan
50
No
42% July
Jan
108%
31% July 10
24
183 Va Nov
Apr
Jan
5
47
par
Preferred
183 Va
*180
183 Va
*180
27,500
17%
17%
17%
38% Jan
95% July
Jan
107
104% May 25
46% Jun 14
Mar
par
J00
No
Stand San'y—
Am Rad 8c
111
20% Jan
91
par
._10
68% Jan
....
preferred
preferred
$6
5% July
Jan
96
par
Co—-— „No
News
powsr ft
Amer
11,200
90
76%
91%
39%
par
Sep
Mar
23
28
27
1
preferred
American
8,000
84
*180
29%
43% Jun
2Vs Jan
Metals Co Ltd
6%
620
8%
7%
170
55
55
7%
31%
31%
31%
134 Va
8
15
14%
15
134%
54%
134%
55
55
60
30%
92%
'■
Jan
par
.-No
Mach Si Metais
30%
116
24%
>
10% Jan
145
Oct
68%
19
21
preferred
Mach 8c Fdy Co
115%
91%
?
par
1
8% Sep
15% Sep
9
1
Corp
Co of 1115% conv preferred
American Locomotive^
35%
17%
183%
2
131 % Sep
American Invest
50%
23%
•180
3% Jan
3
19% Jun
33 Va
29
Jan
1
Internat
Amer
5,300
11%
92%
24%
24
43% Jun
110
preferred—
6% non-cum
200
99
24 Vs
182
♦180
24
Sep
No
11%
74%
17%
30% Jan
Sep
35
._50
Ice
36%
7%
83%
74%
73%
17%
.1?
74%
8%
11%
11%
American
12
58%
7%
8%
*98%
99
11%
2,500
81
51
30%
31%
84
->-cv
84
•83%
80%
35%
116
134
61
,_20
119
2
,
170%
29
No
2,700
52'/a
*51
8%
8%
*97
11%
8
8
50%
14%
134%
109% Jun
8
Jan
SS Co
American Hide & Leather
6% conv preferred
American Home Products
*11%
30%
31%
*134
136
63
73/4
26
No
No
No
36 %
.
105 % Apr
__1
97 2d
11%
36
115%
11%
24% Sep
25 % Sep
No
51%
11%
51%
35%
*51
9
99
*97
98%
12
*11
,'■;./
87/a
8%,
8%
98
12
51%
•134
;
8
8%
98
3
22
Jan
27
American Hawaiian
52%
30%
.
I,000
8%
115%
♦106
2,600
42%
*50%
115%
•4
101%
42%
8%
36%
36%
42
101%
421/z
52%
12
11%
*51
:
101%
42
8%
9
98%
11%
»ii
•
101
*50%
8%
13% Jan
18 Ve Jan
96
Tiling
$7
1,800
8,500
29
82
106% Sep
.100
preferred
preferred A
$6 preferred
42%
8%
52%
42%
11,800
109%
July
,_10
Foreign Power
28%
*50%
.!
•98
*
5
109%
27%
Sep
14
Sep
Lines Inc
American Export
Amer ft
133
May
-10
European Sees
Amer
300
1,100
5%
5
Encaustic
American
Apr
8
8
12
Apr
stamped,—
Co
Distilling
Amer
■
28%
109%
43
*42
42%
42%
5
101%
101
101%
101
101,
♦99%
28
27%
28
15%
40 Va
40 %
109%
4%
4%
109 %
4,900
8
*15
15
40
81
♦80
•
15
40
4%
28
8%
8%
*50%
v
'
51
*42
i;
*15
*39%
109%
101
42%
*99%
40%
8
40
15%
15%
40%
*15
15%
40%
10.600
7%
77/a
7%
8
7%
40%
126 Va
Jan
67
112 % Mar
Dec
46
195
par
Dec
23 Va July
Jan
5
Crystal Sugar
1st preferred
Jan
45%
Jan
5
American
31 Va
Dec
Apr
7%
Jan
No
600
May
37%
39
15
110% July
26
13% Jan
135
11
Mar
7
89% Feb
par
.100
preferred
conv
23%
7%
Sep
10% Aug 21
42% Nov
Sep 27
52 %
183% Jan
Colortype Co
3 9'A
129
No
Chicle—
40%
40
40%
40
41%
40
72%
Jan
82
25
25
19
12
28
28
6
25
19
preferred
American
107 Va
Jan
Mar 21
par
.100
Cable Inc
American
*105%
60
-25
non-cum
6%
18
Jun
80
21% Mar
x41
No
& Fdy
280
10
16,
100
Chain 8c
5%
640
40
15% Aue 21
par
100
3,500
106%
*105%
106%
*105%
106
106
8
40
28
*27%
ls?g':':: g
*
5
109%
*108%
7%
•«v*15
15%
*40
24%
106
40%
*105%
106
♦105%
4
22%
33%
7%
Am
20
30
Can
Car
American
Dec
Feb
37% Sep 11
72% Sep 25
34t% May 25
69% Jan
Preferred
160
Dec
4%
Jan
28%
2
—1
24%
Apr
2
July
21
24
—I
118
126
Aug 21
28
17%
Dec
40% July
Apr
Apr
Feb
24
preferred
American
1,100
105%
188 Va
103
22%
Jan
105
6% Jun 28
Jan
Cable ft Radio Corp
Amer
16,600
35
42% Jan
No
14%
33 Va
5
5
Sep 28
8 per thare
49
20% Jan
Corp
Co,
Brake Shoe
5%%
129
12 %
12
188
*117%
61
-
„
105%
105%
188%
61%
2,400
51%
50%
*127%
129
11%
11%
11%
11%
11%
*127%
130
*127%
52%
51%
50%
50%
•
130
♦127%
130
*127%
Am
6
-50
Bosch
American
10
43% May-14
__5
Note
preferred
6%
130
4,000
19%
18%
18%
18%
76
*75
76
*75
32
31%
31%
31%
Jan
3% Jan
28
130% Sep
23
Highest
9 per share
52% Sep
2
par
Airlines
Bank
American
2
-10
Agricultural Chemlcal.No
American
36% Sep
24
38 Va Jdn'
conv
Amer
1,000
5,900
1,100
34%
71%
20% Jan
113% Jan
par
.100
preferred
Alpha Portland Cem
No par
„1
Amalgam Leather Co Inc
—50
6 % conv preferred
Amerada Petroleum Corp—No par
4%
200
113%
Mfg
Allis-Chalmers
1,200
1,000
34%
5%
47%
47 Va
113%
105%
60%
129'A
128%
5%
71
31%
76%
»18%
130
*118
6,000
1.700
par
No
No
Allied Stores Corp
16,300
51%
34%
*76
18%
49%
11%
36%
51
128
128
*34%
6
*5%
6
*45%
112
31
*76
49
128%
34%
6
35
69%
;
32
*127%
130
34%
35
51
Year 1944
Lowest
9 per share
9 per thare
Par
51%
x34%
.,
Since January 1
Highest
Lowest
EXCHANGE
Sheret
thare
34%
*31
18%
51%
5%
112
35
69%
69%
35%
51%
,
5%
46V4
114
114
34%
52
129%
34
.
35
51%
129
'
33J/4
4G
*34 %
;;
129
s"'v
34%
'
34%
51%
51%
-
129
33%
5%
129
thare
34%
34%
51%
34%
9 per
thare
9 per
thare
9 per
Ran ye
STOCK
NEW YORK
the Week
Sep. 28
Sep.27
Sep. 26
Bale* for
Friday
Thursday
Wednesday
9 per thare
Range for Frerlooa
STOCKS
PRICES
SALE
Sep.25
Sep. 24
f per
there
« per
LOW AND HIGH
Tuesday
Kondijr
Monday, October 1^ 194$,
RECORD
NEW YORK STOCK
B»tvrtir
CHR6NICLE
FINANCIAL
THE COMMERCIAL &
1522
Dec
6
B
'
irii, i
I4»f«
'7
J";'I
"
29%
29%
S9Va
29%
29
21%
213/4
22%
22%
23
28%
36%
36%
36
36%
26
/
29
28%
21%
29%
21%
22%
353/4
373/4
18%
18%
18 3/4
183/4
187/a
18%
18%
70%
70 Va
70%
71%
70%
71 Va
*70%
36%
*29%
72
*35%
36%
36%
37
36%
29%
*29 V»
30
29%
29%
*52%
53%
53%
*52%
53 Va
*52%
19%
19
19 %
19 Va
19%
7
193/8
19%
17%
173/8
17%
I?3/,
17%
/
17 Va
43%
43 Va
*42
43%
12%
*16%
12%
12 Va
-
37
16%
For footnotes
.
;
123
16%
see
*36
g
-16Y4
page
1531.
•
12%
37
123
37
123
*106
43%
7
43
v
•121
i
18%
'
43 %
43%
107%
107 Va
12 Va
12%
12 Va
123/4
38 Va
163/a
*36%
*121
16%
39
123 Va
16% >r,
*36 Va
*121
16%
*106
12%
*36 Va
39
123%
16%
„
*121
•*16%
.
44
■
13
Bath Iron
<4.25
3,600 -7 Beech
'v.-*/
.'•
10 7
Works
»„
preferred
Aircraft
Beech Creek
Corp
RR
-•
Beech-Nut Packing Co
900
Belding-Heminway
No par
25
.—No par
—1
50
20
——No par
—
26%
Dec
28% Jun 26
44% Jun 22
5%
Jan
13%
Dec
31
9%
Jan
23%
Dec
31
23
21
9%
Jan
14%
Dec
60
Jan
68%
21%
Apr
23%
12
Jan
18
Mar 27
66
/
29% Aug,
7
;
16% Jan.
36
•
Jan
.
Jun
July 13
44% May 16
31
9
25
4
18
Apr
54 > Apr
2
i
14% Aug 17
32% Jan
79
.
3
17% Jan50 % Jan
—50
5
9
22
12% Jan
i-No par
Corp—:
100
123%
17
'
4600 e Bayuk Cigars Inc
-"t
800 > ? Beatrice Creamery
50
39
Asphalt Corp
Barker Brothers
3.200
108
7
Barber
24% Aug
11% Jan
19% Jan
—13
,100
—100
i
50
100
—10
preferred.—
Bangor ft Aroostook—
Conv 5 %
preferred—
4%
5 Va % preferred—..
70
; 5,600 H Barnsdall Oil Co
.
17 Va •*
43%
43%
107%
c
Ohio_—
t "■ «"
19%
43 Va 4;43 Va
•
1,000
300
53 Va
-516%
43%
124
293/4
■
c
140
>
Locomotive Works
Baltimore ft
600
36%
-'719%
44
7,500
71
53
19%
107%
^
•V *29 "■
Baldwin
16,100
34.700
19
-18%
17%
43%
123/8
35%
36
36%
53%
•
107%
:.V' 42%
107 Va
*43
44
*43
43%
107 Va
44
12%
*35%
43%
107%
*43
*106
♦121
'/
'
17
22%
.."•■71
30
19%
•
•
36%
*53
17%
*52%
183/4
■70%
*29
53 Va
19 %
17%
i
36%
36%
30%
,
.
'
353/4—
70%
-
'■
—
*18%
18%
,
29%
213/s
28%
35
36
293/4
36%
283/4
21% •-21%
19
23
May
30
Feb 29
22% Mar
7
20
44% Jun 14
43 Va Sep
Sep
•
18% Mar
14% Aug
1
19%
14%
Feb
34% Nov
31r
Jan
38
11
105%
Jun
8% Apr. 25
15% Jun
28
7%
Jun
40% Jun
6
Aug 17
114
Jan
20
12% Jan
15
124
31
s
lliv*
10 %
Jan
Oct
121
-
Dec
38
jun
31
Dec
111
14%
.Jan
May 29
17 % Aug
Dec
25%
110 ii Jan
•35
Dec
*
3
106% July
Dec
.July
De*
Not
13
July
.
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4425
162
LOW
Saturday
Monday
9 per share
20 3/4
21 Va
*104%
21
*
106
22%
22
2PA
22
21%
'211/4
105%
56%
26%
27
27
26%
55%
55%
55%
/
21 Va
27
55'/a
55%
^*26%
Thursday
Sep.27
$ per share
56%
56%
PRICES
Wednesday
Sep. 26
104 %
56
*55
SALE
9 per share
22%
22
HIGH
Sep. 25
■
$ per share
213/4
21
AND
Tuesday
Sep. 24
Sep. 22
1051%
'104%
563A
105 Va
56%
56 Va
,
Sep. 28
9 per share
22 %
22% '
'
9
23
*105
105%
\
25 3A
26 Va
*55%
56%
*55%
56%
26%
265/e
26%
263A
26%
26%
26%
26%
26
23
23 Va
23
231/4
22%
23
22 Va
23
87%
87
142 V8
*139
87Va
142 Va
*141
87%
873A
89%
88
142 Va
141
87
88 3/4
28 Va
16%
171/4
281/4
28 5/s
29
28%
28 Va
171/8
171/4
17
17 Va
28%
*27 Va
28%
28%
28
28
24%
24%
113
*27 Va
24%
*111'A
243A
25
*111 %
113
113
28%
243/4
25'A
25 Va
*110
110',
112%
100
,
110
1%
800
69
68
'68
*103
105
•103
105
*103
105
*61
63
60 Va
60 Va
*60%
61%
61%
62
63
63%
30%
31%
311/4
311/2
30%
31
30 Va
313/a
31%
313A
151
*144
153
25%
25 Va
27V4
26%
27%
68 %
69
68%
68%
69
69
*103
104
104 Va
1
104
*61%
*102%
63
,
25,600
104
Bohn
20
Bon
Ami
Class
Bond
*145%
147%
147 %
*149 3/4
150%
100
4%%
40 Ve
40%
40 Va
4 034
40 Va
403A
40i/4
403/a
6,700
Borden
47
5
Co
47%
47 Va
47%
47%
48'A
47%
48%
4oVa
4tJ
81/4
*7%
&
50%
23
52%
*51
52%
23 Vs
22%
53 Va
'
53 Va
*52%
23%
60
51
51
233/4
*51
24%
*521/2
*52 V2
Inc.
17
17%
16%
17'/a
16%
17%
163/8
16%
50
50V4
49%
50
50
503A
49%
50 Va
48
48
48
48
48
48
*60
62
'108
62
*59
109'A
*108
*59
109 %
29%
29 %
29%
29%
*53%
57%
56
56
*28%
17%
29 34
*29
17%
*123
23%
123
29%
30
29
16%
55
8,600
100
16%
16%
14,200
50
50Va
4,900
*48'A
313A
29
16 Va
*29
163/4
600
10,800
125
20
17%
17 Va
17%
17%
173/s
17
173/e
17
17%
171/4
17%
16,800
933/4
*93
93
93%
92%
93
923/B
92%
92 %
93
913A
92%
450
20 Va
20%
20
20'A
20%
20%
20
20 Va
*293A
30'A
30 V4
30'A
*29%
30
30
30
27%
273/4
27 V4
27%
27%
27%
27 %
27%
31%
31%
31%
31%
31%
31%
31 Va
32 Va
32 %
32%
33
32%
333/8
33 Va
*105%
106 %
106%
106%
106%
*105%
10o%
16%
17
93/4
I
813/8
*80
20 Va
17
16%
93A
9%
80
80
*65
66
67
20 Va
*107
106%
163/4
93/a
*64%
Bucyrus-Erie Co
7%
preferredBudd (E G) Mfg
$5 preferred
20'A
107 Va
9 Va
66
20%
62%
20 Va
20%
►106
107
20 Va
27
313/4
31%
313/4
33 Va
323A
20%
30
26%
33 Va
*106
*106
Forge
Bullard
31%
31%
2,200
Bulova, Watch
34
8,800
Burlington Mills
4%. preferred
7,400
Burroughs Adding Mach
2,900
Bush
Terminal
preferred
200
80
79
79
40
6%
64
*65
67
80
Bush
213A
22 Va
22'A
22%
*106
;107
107
4%
4%
4'A
4 %
41/4
4 Va
Va
4%
4%
4'A
20 Va
20%
203/4
211/4
20 Va
21
20 Va
203/4
21'A.
22%
7,600
98
98
97
98
97%
97Va
96 Va
97
96%
97
97
99
570
29%
29'A
293/4
30
30
30
30
29%
29%
29%
30
800
*29
4
4%
L
36%
36 Va
36 Va
35%
35%
35%
36
54 Va
54 Va
*53%
54%
*53%
54 Va
52 Va
13A
1%
13A
1%
ls/8
7%
*29'A
7%
7'A
7 3/8
71/4
1%
73/4
52%
13/4
*52%
1%
73A
7%
7%
29%
29 Va
42%
36
1
36%
36
54
36%
*52%
v
54
900
California
510
'6%
73A
23,800
293/4
28%
29%
283/4
283/4
283/4
283/4
42 Va
42 3/8
43
43
433/e
43%
433/4
3,200
*123%
*1231%
*123%
125
*48%
49
*48%
49
48 Va
48%
15%
*60%
16%
61 %
16%
163A
*60 Va
16'A
61V2
60
60 3A
59
59
*58%
60
*58%
*14%
15 Va
*15
15 Va
15%
15 Va
15
15
143/4
15
15%
*543A
56
*122
16
*543A
■
123
*38%
56
*54%
122
122
123%
39 %
*7
39'A
28 Va
283A
72%
7V»'
*42
39'A
29
28%
*70%
713A
713/4
*163%
68%
543/4
543A
42%
42
164%
68
'7 Va
7
43
♦163%
164 Va
543A
*47
*543/4
28%
27%
71'A
70 Va
7%
68 Va
7
7 Va
68%
41%
*163%
106 %
*1053/8
1152%
*151
152%
*151
152%
19%; 193/8
19
193/a
19%
19%
-21%\
21%
23
23
7%
*111% .112%
16
153/4
♦151
,,;2i%-
21%
213/e
21%
22 % '
23 %
223A
23'A
21%
223A
7%
7%
7%
7%
112%
111%
73A
♦111
♦111
112%
7
1053/4
150
151%
2,800
,
148 Va
148
16,100
73A
19%
20
19%
213/4
21 Va
213/4
21%
20%
21%
X223A
22%
22%
22%
7%
7%
8%
*111 Va
112%
*111%
112%
153/4
15%
15%
2,000
33
32%
32%
1,000
183/4
183A
183/4
1,400
421/4
41
42 "
8,900
5,480
15%
15'/a
15 y4
15'/4.
33%
33%
*32 Va
33%
*32
33
*31%
33
17
*163A
17
*163A
17
*16 3/4
17
.
15%
16 Va
*15%
*31%
17
15%
*110
42%
15%
15%
*110
114
*27%
43%
153/4
43
433/a
42%
41V4
423A
15%
15%
15%
14%
153/8
28
28%
42%
43%
61
61
*59
63
*58 %
61
16
*153/8
15%
*153/8
15%
55 Va
54%
42'A
413/4
413A
60 %
60%
*59
61
16
*15%
16
114
*15%
*110
;
423/4
43
28 '
1,100
423/4
44
3,300
54%
54%
551/4
55
55%
543A
8%
8%
.8%
9
9Va
8%
9
8%
20'A
20%
20'A
203/4
21
93/a
9%
9%
28%
28%
20%
20%
21%
9%
9%
9%
20
9
42 Va
60
500
15%
„
55%
83/4
203A
20%
8%
9%
26%
21
28%
28%
29%
28%
283/8
41%
411/4
42
42
42%
42%
42%
41%
42%
663A
66%
67%
673A
68 %
67
68 %
66%
68
68
26%
263/a
26'A
26 V2
26%
26%
26%
27%
27 %
27'A
273A
28
28
27%
273/4
27%
54 Va
*52%
54%
,56%
57 Va
53%
*53%
55
54%
54%
*563/4
57%
*563A
57%
563A
56 3A
19 V4
19'A
*18%
19%
19%
19%
*18%
19%
18
18'A
173/4
63/4
.
IS
6%
63/4
28
277e
28%
28
*53
563/4
*18%
19
*18%
173/4
lfr%
6%
*17%
18%
17%
18%
18 Vs
*6%
6%
36%
124%
*36%
6%
36 Va
36%
36%
36%
36%
*36Va
125%
124%
1253/4
123%
1263/s
123 Va
55%
553/8
54%
55 Va
543A
.55 Va
55%
55%
54
55Va
22%
22%
22%
23
23
23
23
23
23%
45%
45%
46
102
••100
105
*98
*111
59 Va
60
58
58
*175
200
100
*175
143/a
*98
100
112%
*57%
14
200
14'A
*
112
112
143/a
-
23
46
*44%
*102
*56%
,
*108%
100
f57%
-
'
*175
*98
100
*98
113
113
*113
98%
*98%
100
*98 5/8
100
593/a
39I/2
38%
38%
383A
39%
493A
50
50
493A
49%
*145
148
*145
148
*145
148
165
165
166
168
*168
170
103'A
46
46%
113
*111
*28%
*39 Va
34
,
33
For
29 Va
*102%
•
64%
*1200
39
103
46%
*46
*111
64
113
29
29 %1
39
*102%
46%
*i¥
39
103
46%
113
29
29%
40
*391/4
393/4
39%
39%
*34
35
35
35%
33V4
33%
33%
footnotes
33'A
see
page
1531.
39
48 3A
49%
148
168
170
*63%
*102
„
45%
*111
28%
38%
*-*34.
*323/4
30
,
60
-593/4
*108
400
110
jan
Jan
2
39%
Jan
49 %
Dec
25
29% Sep
20
17 %
Jan
25%
Dec
17% Sep
19
8 Va
Jan
14
Dec
,Jan
129
Deo
Jan
22
125
Jab
5
lOVa Jan
2
18
Sep
19
5%
Jan
74% Jan
2
94% Sep
19
47%
Jan
10
2
71/4
Apr
Jan
21
116
Sep
12
11%
Jun
30% Sep
27% Sep
20
17
Jan
22 %
Dec
21
16%
Sep
20%
Dec
30 % Aug 27
32% Aug 31
20% Apr
34
12'/a
Jan
15%
Jun
105
6
Sep113
13% Jan
2
7% Mar 28
Sep 28
106% Sep 24
18% May 17
10%
Jun
27
4
Jan
77% Aug 23
59 % Mar 27
85
July 13
54
Jan
83
Dec
72% Jan
3
43 Va
70 %
Dec
14% Jan
6
22% Sep
28
8%
Apr
Jan
15%
Dec
105% July 26
3% Jan
2
109% Jun
*98%
99%
58
*56%
58%
383/4
38%
383A
48%
48% ' 483A
38%
48%
*145
175
*145
633/4
'
64%
38 %
38%
102%
102%
102%
12
Apr
"3%
July
Apr
17%
Dec
Jan
96
Dfec
20
Apr
25
Sep
Jan
30% July
57
Nov
22 % Mar 26
27% Jan
30
Sep 20
par
50
par
3
52% Sep 26
1% Jan
2
1
6% Apr
20
31
f
4
Mar 26
Jan
24
113% Feb
8
v/Al./sJanxiA
•
10% Jan
23
48% Jan
100
5
10
Jan
5
52
,10
2
11
,
A—1
Mar 26
116% Jan
,32
21
2
Mar 26
Jan
22
5 J/4 Jan
2
357/a Jan 26
Jan
3
47% Jan 22
No par
-37VaJan
2
Feb
9
15
Feb
23
21
15%
23 %
Feb
53
,
6
19% Jun
26
8%
Jan
Sep
11
42%
Apr
20
6%
1
43%
Jan
97
Jan
27%
Jun
53% Mar
130% May 2
39 Ve Jun ,28'
30 /
May
1
May
7
May
33%
,-;
140
130
700
♦111
28.
38 Ve
39
*33%'
35
:•
,
28 Va
,
A
>
20
112
293/a
36. 4.', 36
r
*323/4
4,300
200
39.,;,^' 39
v>v
32%
1,266
39
46 Va
111
323/4
1,300
i
"
/
4
.
5%
Apr
106'
Jan
129%--Nov
Jan
15%xjun
19% July
,
11
20% Sep ,2821% Sep 21
24 Vs Jan 10
20% Jun
18
8%
20%
Jan
30%
Feb
17
Jan
19
Nov
2%
tChilds
Cotton
—It)
No
Co
25
Mar 26
10% Jan
22
33
Jan
24
Ice
&
&%& preferred.
Stores
Clark Equipment-—
—
City
Jun
O.
C.
5%
& St
C.
180
4%
Apr
9
Jun
14
57
May
134
Nov
14
17%
Apr
23
Dec
.28
23
Jan
31V.
Dec
22°
3
27'/.
Jan
17% Jun
2
11
Feb
55% Sep
25
44
Apr
12% Jun
18
5%
Sep
9Va Mar
18
11%
Jan
18% Mar
12% jun 18
4%
Jan
7% Mar
15% Jan
22
5% Jan 22
24
Jan
26
Jun
18
Louis Ry. Co
Class
46% July
14 Va Dec
50%
'V.
33 Va
Colente-Palmolive-peet
$3.50 preferred.,—,—
22
34 % Jun
18
22
49% Jun
26 ;
21%
Apr
76% Jun .26
43%
Sep
2
,29% Sep
15%
Feb
21%
6%
conv
preferred
Colo Fuel & Iron Corp—
21% July
19% Jun
13
-
Jan
7
16%
Jan
49
Jan
54% Sep 26
38%
Jan
54
Jan
58% Apr 16
19% Jun
8
47
Jan
18% Aug 31
14% May
27% Mar
"
15% Jan
26
Jan
8% Feb
31
Jap
>2
98
Jan
2
9% Jan 27
.49
Jan-
2
19
36% Jan
91% Jan 24
18
128% Sep 12
58
Aug 28
23% Sep 10
46% Sep 28
A
13
Jan
Oct
July
88 Va
40 Va
Feb
14%
Jan
50 Ve July
25 Va July
95
31%
Jun
Dec
96 %
Oct
Jan
7
35%
Feb
51
Dec
Jan
185
Jun
90
Jun
186
Apr
105
May 15
2
114% Feb
60
Sep
19
27
7
110% Apr 16
93% Jan
3
53% Jan
17
34% Jan
2
35% Jan
5
50
9
151
May 31
62% Jan
2
175
Apr
6%
30
Feb
10%
26
130
NOV
Jan
20
140
57
Nov
Feb
22
49% Nov
,19 V. July
17 Va Jun
77%
25% Nov
100
Jun
57% July
40% Mar
30
148
76
Jan
110
Nov
37%
115 Va
45 V»
Jan
92
Apr
Mar
109
Jan
Jun
106.
96
Aug
2
52% Mar
6
30% May
34% Apr
53%
Jun
Oct
38% Mar
May 31
145
Feb
39% July
152
July
Sep 27
65% Aug 27
111
Feb
146% July
Sep
19
Colorado
220
4%
260
4%
&
59% July
non-cum
40% Sep
No par
102% Sep
34% Jan
15
103 >/4 Sep
67 %
Jun
23%
Jan
33%
Dec
25%
Apr
38
Sep
116
Dec
19
„2
46 Va Sep
25
110
5
109%
Feb
23% Jan 23
32% Jun
19
14%
Apr
26 %
28
Aug 24
Jan
115
Jan
9.
Dec
23
50 V4 Jun
19
11%
Jan
29 %
lst
preferred—100
28 Va Jan / 2
46% Jun
20
12%
Jan
30
Dec
2nd
preferred—_100
25% Jan
46% Jun
20
13
Jan
27 %
Dec
Southern—
non-cum
2
2
,
•
Dec
6%
Jan
July 10
Nov
19
89
Jan
30%
14
170
44
Jan
May
25% Mar
Jun
109% Jan
107
1%
24
-
14% Sep
60% Sep
105
Feb
—100
No par
—100
V
65 Va July
19% Jan
No par
No par
Collins 8i Aikman
: )
Dec
22
2
No par
A
■
54% Jan
2
mo
;
25% Jan
20% Jan
$4.50 pfd
Jan
47% Mar 27
6% Mar 26
:
*
Dec
37%
5
42% Ja n
preferred
El Ilium
Mar
12%
3
4% Jan
-—,—100
*.No par
Clev Graph Bronze Co (The) ——1
5% preferred
—100
Clev & Pitts RR Co 7% gtd
50
Special gtd 4% stock
50
Climax Molybdenum
No par
Cluett Peabody & Co
-No par
Preferred ———,—,—100
Coon-Cola Co (The)
—No par
Clev
15
28% Nov
/
Jan
29% Jan
No par
,,100
-5
—No par
*
Sep
14Va Jan
No par
City Investing Co—
114
28% Jan
Nn par
Fuel—
July
4% July
Jan
41
par
9
Dec
Sep
29% Sep
44
Sep
68* Juh
,21% Mar 28
25
Chile Copper Co
Chryslc Corp
23
Jan
.
"
No par
—40
Oil™
July
40Va..Jan
Apr
7%
54
Apr
14
18% Sep 27
44
Sep 21
15% Sep 20
—
Dec
jun
3»
A—
Mar
96%
113
107
Co
Oct
39
1521/4
31%
23
& East HI RR
Dec
5
115% Feb
—
/
Dec
25
16
Products
22%
v65
27
109% Jan
prior preferred—
Dec
55% Sep
\
13
Dec
Dec.
69% Jun
28
10% Apr
j
-
Dec
Jan
8% Sep
:
11%
54%
33 Va
Apr
2
Co—-
X
51% July
119
143% July
44V4 Jan
7
14
2
V\
Feb
33
8
Jun
14% Jan
Dec
Dec
m 12% July
17% Nov
56% Nov
7% Jun 27
44% May
171
Dec
July
47%
"-
33% Jan
15% Feb
x62^
153,
-No par
7%
21%
35 y«
W
,
Jun
17
Apr 24
Jun
2
lVi
May
Jan
10
110
Jan
Jan
29% Sep
127
—100
Feb
%
43% Sep
123
Sep
1047/a May 15
par
24%
53%
23
74
59% Aug 9
152
37% Sep 20
Apr 17
56,
5
Chlckasha
Dec
Coca-Cola International Corp No par
*46
28
383/4
<
102 Va 102 Va
5
46
111
28%
,
63%
38%
46
112
.35
175
63%
'
4,100
1,500
*1200
383/4
45%
148
175
148
172
■
•64%
"20
9%
12 Va
50
5% .preferred—
—50
Chicago & Northwest'n w i__No par
5 %
preferred w i
100
Chicago Mail Order Co
—,5
Chicago Pneumat Tool
No par
$3 conv preferred
No par
Pr pf ($2.50) cum div——No par
Chicago Yellow Cab
No par
>
12% July
77% Dec
22 Va Jan? 3
18% Jan 22
5
Class
Oct
22 % July
•
67%
—
100
*1200
38%
100
114%
*583/4
593A
110
10
185
•
*56 JA
58%
*145
185
200^
*98%
38%
•
*58%
*108
"1200
34
33%
*56%
59%
z40
10
•
400
112%
59%
va
58%
100
110
•JQ
46
105
58%
200
383%
•
14%
2
*2%
,
City
58
112%
*108%
*1200
32% Sep 28
59 Va Jun 26
Jan
28
Ry
C I T Financial Corp—
3,600
*98
58%
*1200
July
63%
7
101% Feb
No
1,600
14%
*175
110
64%
50
Jan
120
No par
9.OOO
.
14%
112%
59%
64 %
46%
100
*56%
64%
55
160
10,900
.
-23%
*102
200
58%
103
58
125
1,500
2.0G0
14'A
100
*111%
*56JA
39
58%
46
105
%
36 3/8
1233/4
*175
58%
39
14
*108%
98%
64%
46
*102
143/e
59
110
*49
46
14%
59
*56%
.
*102
14%
1233/a
105
*44%
105
14 Va
63/4
36 Va
125
110
59 Va
108 %
*98%
•
7
543/4
22 %
102
Jan
40%
Sep 21
12% Mar 27
Chicago Great West RR Co
200
18%
63/4
36%
6 3'4
36 3%
*45
39
61
109% Sep
45
Chesapeake & Ohio Ry,——25
2,600
19
21
17
July 26
"
•
124%
•
,
Aug
8
3,000
28
44%
4% Jan
Chic
Oct
12% July
Jan
24
60
28
533/8
57%
,
8%
Jan
Jan
4,200
29
Aug
53
27
Jan
9,900
68 V4
Oct
21%
Feb
19
7
2,600
42%
...
45 /
Jan
40 Va
21
129
200
563A
28
533/4
*563A
42%
„
Jan
12%
17% Sep
1
3,600
663A
Jan
37%
18% Jan
3,200
41%
*52%
28%
/
93/b
3%
20
50% Sep
48% Sep
100
,—-No par
Champion Pap & Fib Co—No par
Checker Cab Mfg—
—5
Chesapeake Corp of Va—
—5
5,500
83A
15
18
52% Sep
23% Jan
Chain Belt Co
22,800
8%
20%
9%
543A
8%
55
.
Oct
Dec
10% Jun
20 Va Apr
e%
60l
*153/a
117
26% July
2
53 Va Sep 22
20
Foundry
Certain-teed
28,100
112,
28
8%
29
15'A
*110
28
42
28%
114
27%
114
28%
54%
28 Va
15
15'A
*110
*110
Jan
9
-1
Central 111 Lt 4 Va % preferred—100
tCent RR of New Jersey
;
100
Central Violeta Sugar Co
—
Century Ribbon Mills
;
No par
Cerro de Pasco Copper
No par
'
28
42
*15%
«
114
*27%
28
423A
Sep
109% May
No par
Central
•
42 3A
Dec
55V»
21-
100
2d preferred
Celotex Corp5% preferred
Central Aguirre Assoc
15,900
10
98
5
49% Jan
150
7%
.
'
*163A
Ohio
&
$4,75 1st preferred
4,200
73/4
20
Clinch
Celanese Corp of.Amer
130
Apr
Jan
28
32% Aug 27
153 Va Aug 27
24
No
Caterpillar Tractor
-
200
88 Va
46%
Aug 10
63% Sep
Oct
Aug 21
Preferred
1,400
53
1063/a
Jun
41% July
7% July
40% Mar 27
—
30
52 Va
34%
106
Carriers & General Corp
1
Case (J I) CO——————————————————25
1,600
3,100
683A
52 Va
106
'
23 %
19%
111%
800
*105%
106 %
151
150
8
54
6,300
703/4
*68%
69
53%
53%
533/8
*105%
28'/a
42 3/4
Jan
87
Carpenter Steel Co
Carrier Corp
4%% preferred
165
45
19
■
39 Va
423/4
26
Sep
Dec
28
No
Carolina
165
Nov
4% Jun
—
„
400
6%
42 Va
165
68%
69
54% -553/8
106V4
30
19%
22% Sep
Capital Administration class
$3 preferred A——:
200
*38%
7
43
164
42 Va
164
,
Mills—
Cannon
1,000
28
71
*105%
*105%. 106
57
124
28 Va
703A
7%
Zinc-Lead
70%
124
28%
713A
300
60
16%
>
*55
60
42,300
Jun
10% Mar 27
—
r
Va-16%
*123%
543A
124
383A
28 3A
42%
49
16
39
28%
164%
125
*48%
•
16%
383A
*71%
7%
*123%
49»
161/4
54%
56
38 3/4
42%
N
124
40
*163
*46
163A
*123'A
56
125
*123%
49
16%
1233A
*39
68
68
68
*54
125
12%
22
Copper
5
Campbell W & C Fdy__
No par ■
Canada Dry Ginger Ale~l
—5
$4.25 preferred
No par;
Canada. Southern Ry Co,
—100
Canadian Paciittc Ry—;
—25
1,500
42%
27
Jan
Calumet & Hecla Cons
29%
29% Jun
Jan
L
7%
43
109
100
-
7%
29%
20
•93% Mar
15
;
Callahan
125
3
No par
Packing
preferred
11,100
423A
14% Mar
14
..'
1%
125
42%
*123
Jan
Jan
28
37% Mar 27
.6
13A
*
Feb
47
100
-.1%
3/8
Dec
16
28
Sep
111% Jun
No par
-
-
c
36%
22 Va
25 %
23
__
Oct
Jan
lo
preferred
Co
Dec
34%
preferred—100
Butte
Byron Jackson
15
28%
—100
—
Participating
Jan
26
1
-
preferred
Copper & Zinc
Byers Co (A M)—
7,400
20'A
7%
28
No par
;
4%%
100
4Va
—
Bldg 7%
Butler Bros
5,000
20 Va
Term
21
26
17% Sep
28% Sep
17% Mar
l
—100
9%
65
*107
Corp
16%
22
25% Aug
40% Sep
;_5"'
106 3A
63
21%
Co. Inc.-
91/4
51%
Jan
>50% Sep
1
163/4
Feb
16%
5
No par
'105 3/4
9%
37%
7
5
No par
No par
Co
Dec
26
42 % Jan
_,_100
No par
Co—
66% Julv
130
36% Apr
5 % Apr
_5
;
Buffalo
*79
107
Wheel.
200
4,000
33
17
9%
93/8
Budd
5,600
273/e
27
1063A
16 3A
17
20%
30
*29%
80
*79
79
*64
20%
16%
S3A
79
107 %
108
17
'9%
20
*29%
Feb
.*33% Apr
No par
No par
;
Jan
115%
68 % Sep
114
No par
—
Jan
56%
19
x30 % Sep
106
No par
.
July
15%
28
2
19
"
Bruns-Balke-Collender
17'A
*123%
Brown Shoe Co
29'A
,
16%
125
100
12
Sep
2
Apr
3
24% July 20
5
8,800
20%
Dec
Jan
52 %
—100
323/4
Dec
Jan
Jan
95
5
:
20%
56 %
Jun
69
lo
preferred—
Brooklyn Union Gas-
57%
*56
90 %
146
2
—1
3%%
49%
Jan
25
49% Jan
RR
Briggs & Stratton
Bristol-Myers
Co
109 'A
57'/a
29
500
62
*108
31%
*123
48 3A
*60%
62
109 %
26% Sep
23% Sep
24
—
Maine
5
17% Apr
(assented)-100
Bower Roller Bearing Co
5
Braniff Airways Inc
;
__2.50
Brewing Corp. of America
15
Bridgeport Brass Co
No par
Briggs- Manufacturing—
No par
300
23 3/8
16%
*56
125
52
23'A
*52%
50
31%
29 %
16 3/8
*123
*50 3/4
235/a
55
48'A 4 48'A
313A
125
51%
*108
57 %
17
16%
30
*56
29V4
*29
Boston
Jan
17
53% Nov
Aug 28
5
(The)
Borg-Warner Corp—
1,200
*60%
62
109%
57%
"123
123
'108
8,ouu
7%
16%
493/4'.
49 %
*60 3/8
109%
*55
17 'A
16%
125
17 Va
.
*48
62
*108
5u Va
33%
Jan
2
20% Jan
_i«il00
7%
V
15%
26
Jun
share
Apr
48
Xl08% Mar 26
No par
4b %
*52%
55
Highest
I per
10%
Sep 28
—5
preferred
Sep
,22
108
59
,Jan 22
•18% Jan
par
2.
2
13 % Jan
100
(new).;.
7Va
23
23%
1944
9 per share
23
•
5
No
class A
51%
51%
23%
60
;
par
_
7%
8
No
preferred
CO
8
2
2
.
&
Co
401/2
8
Jan
Jan
July
56 % Jun
5
22% Aug/21 1
B—,L——No par
151 %
*73/8
>
No par
Co
Stores
40 %
8
.1
24 %
28
6
July.
65
Airplane Co
Aluminum & Eiass
*145%
8
12
54
127
Boeing
800
40V4
*145
19 Va Jan
par
—,-,--1
Laughlin Inc
40 Ve
153
7
-No par
—,—1 00
—^n--
(Deli—
Bloomlngdale Brothers
4,000
25
25%
'
Decker Mfg Co—No par
Blumenthal
80
31%
31%
24%
&
Bliss &
40
*68
.
7
17
Blgelow-Sanf Carp Inc_
Black
67
24%
—
Blaw-Knox
25
No
preferred
9,400
67
Loan
...A
2,000
.
24%
24 %
Aug
103% Sep
47% Jan
j- n
lnaus>
Bethlehem Steel
650
283/4
17V4
r
$2.50 dlv series '38_No par
Best "Foods
900
25%
28%
16 3A
2
18
,,100
Best & Co
■
11,300
.
'
28
28%
17%
24%
90%
Year
Lowest
9 per share
12% May
10
Aviation
Pr pfd
1,800
3,000
17%
29
16%
*111'A
'
28%
29
24%
27
16%
68 %
113
Beneficial
200
28
67 Va
24%
Benrnx
4,100
68
67%
*111 %
5,400
143
67%
Co
4%&. preferred———
;
68
67
Howell
&
■■■■:•# per thare "
Corp-A^XxJ^—X
Aircraft
Bell
2,200
*139%
67
28 V2
;
68
*67%
67
28
Bell
7,900
,23
89
142
:;
56%
22 3/4
Range Since January 1
Lowest
Highest //
/>,;•
Par '
,26%
•
*26 3/8
88%
•„
*139
141
*66
A
Share*
20
59
*55%
26 Va
23 Va
Range for Prevloaa
EXCHANGE
"
105%
"571/2
26 X
.
26
56%
the Week
-
•105/
57'A
23 Va
*139
21%
21%
105%
56%
25%
22 Va
22%
21%;/ ,22."':
22-
:
share
ver
STOCKS
NEW YORK STOCK
Sales for.
Friday
Dec
/;
RECORD
YORK STOCK
NEW
Monday, October 1, 1945
CHRONICLE
THE COMMERCIAL & FINANCIAL
2524
■
■•
LOW AND HIGH liLI FEICB8
Wednesdey
Tuesday
Mon4»y
I per
snare
41%
$ per
41%
"
'
8
105
•104'A
105
103%
-104
t per
share
per
t per share
share
26%
26%
'
413/a
4i Vz
403/4
40%
41%: 41'/a
03/
8'A
.
8%
104%
104 J/a
104%
105
104
10#
103
.">*
49%
•104%
105%
104
41
27%
31%
267/a
263/4
19%
;
•
42
41%
35%
36
36
36
37'/a
,
38
38 Va
4%
5
5
31%
106%
31%
31%
106%
106%
"4%
31%
36%
4%
5
31%
107'A
4%
4%
■4%
4%
32 %
47/8
5
107'A
xl06Ve
4%
31 Vz
31 »A
32 %
30%
31
12%
12 Vz
133/8
38
38%
38 Vz
38%
383/«
24y«
24'A
24%
13%
38%
24%
38'A
38%
13%
38%
24%
13%
12%
12%
13
12 %
29
29
29'A
29%
20%
20%
21
21%
20%
29%
21%
23
24%
23 %
24%
23%
1133/e
113%
31%
32
31%
>'24%
29%
21 y»
•22%
•'r
24%
29%
•20%
23'/a
113
♦112%
32%
'i
<*?
i"'<!'
48%
10'A
99%
48%
107'A
33
10%
107'A
10 y«
•99
7
13%
31%
36%
•
'
>51% .'52%
•16'/a
53
v
>•36
12%
12%
12%
12%
121/2
32%
32'A
325/a
32'A
32%
37 Ve
371/4
37'A
;:••
4A
4%
40%
29
>38
*42%
42%
'«••
ft
103%
45%
*27%
20
161/2
lfii/a
53
*52%
19%
58'/a
18i/2
19
58
583A
58'A
36%
36
36%
36
36
353A
104%
*103%
104%
104
677a
66%
188%
66%
188 3A
93/8
9%
4%
4%.
40%
40%
'28%
-
47%
47 Va
42%
47'A
ft
%
25%
103%
25%
ft
45%
46%
*104
104 Vz
%
•24%
28%
20 Va
47Ve
-
29
106%
104yA
v;; 20 - .
*145%
19%
*
27%
"'•
105
263/4
28
20
19%
-
27%
1003/8
*106
19%
145 Va
33 Va
33%
33 Va
333/8
41 Va
42'
41 Va
41%
*41%
105'A
105 %
—
18 Va
147
72 1
6%
25 Va
123'
24%
20
150
72»/e
*71'A
6%
6%
24%
24
72'A
6%
28%
12,500
25Ve
24'A
125
*118
125
28%
28%
28%
28%
18 V4
146%
*118
123
*118
123
28%
38
*36
i8i/8?->
148%
6%
25 Ve
243/4
25%
24%
107
72'/b
7
6%
47
*105%
1,400
900
40
100 *•
26,500
220
1,600
25,300
34
46
36% i
36JA
173A
*147
713/4
71%
333A
43'A
*
*105y«il07
149
*147
7
*118
29
29
"33%
*42
16%
17%
"
72 "A
6%
7
*118
28%
"*•'72
72 Ve
*353/4
18%
147%
*145%
___
333/8
33%
43%
107'
37 J
*105%
37
18
'147%
,
1
107
*35%
37',,
17%
147
7
*105%
105%
*36 '
,f?r
1451/2
'
"
148
--
19'A
19%
19%
w
*145 Vz
—',
28'A
193/4
*27%
Common
28%
2,100
29
2
5
2
16
9
27
30
6
2
4
6
Jan 2
3V2Jan 2
25% Jan 5
99Vz Aug 22
24
Jan
2
283/4 Mar 26
37
Jan
e
47
Jan 18
ft Sep 15
20% Jan 22
102Ve Aug 22
35% Jan 2
87'A Jan
2
25
Aug 21
16
Mar 26
145'A Jan 29
25% Jan 2
29% Apr 10
105
July 2
28
Jan 31
9
Mar 26
122% Apr
6
59'A Jan 16
5y2 Aug 20
18% Jan 2
118
Sep 11
253/a Apr
6
rts
353/4
i
v
Dec
35%
Dee
5% Mar
.
76'
13
Dec
93
Feb
Apr
23
39 ya
Jan
37%
Jan
28
Jun
97%
Feb
:
53% Sep 13.
l3/4 Jun
105
4
19
26
42
497a
Dec
43%
Jun
108
Feb
'14%
8
•
31% Jun
£>c "I
,
Oct
•
26
112% Sep
24
•
;
26
Sep
Jan
•70;
16%
25
Sep
51,
18% Jun
Apr
Feb
%
1% July
957»
Dec
79
Jan
243A
;
Jan
29% Nov
8%
Feb
26
:
'
'
Sep
.
Dec
,
29V*
Sep
Jan
38'A Sep
Jan
31
104% Mar
un
103
38
■
*
5'AJun
IIS
32% Sep
27
IVe
Feb
109'A May 23
.6JA Feb
2
102%
Jan
,
33% Jun
14
16%
Dec
Dec
2574
Oct
Oct
67a
Jun
Jan
301A Nov
•
40
Jun
21
24
Jan
Jun
28
11%
Jan
207a
Dec
293A Jun
28
18%
Jan
25%
Dec
26% Jun
15
12
Aug
24
26% Jun
21
143a
Jun
24
Feb
23
102%
Jan
112
,33% Sep
Vll% Jun
25
13
,
■}
13% July
323/4 Oct
26
14'A Mar
115
100,
6
50
19
Sep
14
Jun
58
73a Jan
20
Feb
7%
Deci
Dec!
Noyl>
293A
Dec
Mar
10
Oct
9
Aug
109 Vz Jun
32%
43% Jun
Feb
5
22
May
10
137. Mar
May
8
417a
Jun
4972
Dec
14
Sep 28
5 Ve
Jan
974
Dec
36
Mar
1
26%
Sep
337a
Jan
37 'A Sep
27
24%
Dec
Jun
26
Apr
12 y4 Aug
3172
22
53
Jun
25
38 Ve
48
17% Sep
533/4 Jun
Jan
i
Dec
v.
1087a
23a Jan
•
■»
474 July
eb
,
471/2 Feb
12% Jan
49J/2 Jan
16% Aug
52% Mar
30
Jun
101% Aug
58y4 Jan
xl82'/2Jan
Crown Zelierbach Corp_„
5
$5 conv preferred
No par
Crucible Steel of Amer
No par
5% preferred
100
Cuba RR 6% preferred
100
Cubari-American Sugar
10
7% preferred
100
Cudahy Packing Co
30
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
Curtlss-Wright
1
Class A
1
Cushman's Sons Inc 1% pfd
100
Cutler-Hammer Inc
No par
5,000
660
4,500
1,000
240
4,700
47 Vz
46V*
45%
453/8
104
105lA
16
May 31
108'A Apr 21
20
Sep 21
17y4Jan24
25% Jan 2
17J/a Aug 21
18J/2 Jan 20
IO8V4 Jan 24
26'/a Apr 6
8% Jan 5
93% July 30
37% Jan 2
106J/2 July 18
10% Apr 6
46
Jan 3
.
8% Jan 2
29% July 27
29'A Jan 2
.
•.
28
273AJuly27
ll5/8Julyl9
31'A Jan 3
.
Jan
Jan
3% Nov
•
41
, 3% Mar 23
24% Jan 2
106
Sep 7
4'A Sep 19
.
.Consolidated Vultee Aircraft——1
>• $1 25 conv pfd
No par
Consol RR of Cuba 6% pfd
100
Consolidation Coal Co
25
Consumers Psw $4.50 pfd—No par
Container Corp of America
20
Continental Baking Co
No par
,
$5.50 preferred
No par
Continental Can Inc—;
20
$3.75 preferred
:
No par
Continental Diamond Fibre
5
Continental Insurance
10
Continental Motors
1
Continental Oil of Del
9
Continental Steel Corp
No par
Cooper-Bessemer Corp
No par
$3 prior preferredNo par
Copperweid Steel Co
5
Conv pref 5% series
50
Cornell-Dubilier Electric Corp
1
Corn Exch Bank Trust Co
20
Corning Glass Works
5
3'/a% preferred
100
Corn Products Refining
25
Preferred
100
Coty Inc
1
Coty Internal Corp
1
Crane Co
--25
33A% preferred
100
Cream of Wheat Corp (The)
2
Crosley Corp (The)
No par
Crown Cork & Seal
No par
$2.25 preferred
No par
24
26'a
257.
7
104% Sep
24
2
12
31
2
Jan
2
101
7
28
107
2
30
31
2
49,300
26'A
106
26 Ve
26
105'/a
37
44'A
-47 Ve
__
„
45%
104
28%
33
V'.:
123
28%
47%
253/4
107
104%
46
*47%
%
25%
104%
103%
104
25%
25
•118
*36'A
43%
25%
46
*27%
'
.
72
6%
43%
101'A
*283/4
363/8
43J/a
91/4
43A
'403/e
'
28 Va
; ; *35 Va '• 37
,'18%
18%
72
29
363/8
47%
*47'/a
n
26
42%
*145'A
29
373A
44
*36%
44
47%
£
105 7,
101'A
'
67
188 Vz
'
38
42%
33
*42
101
40
29
*28%
28%
*36%
?' " ft
>>■
25%
*'■ ' 103%
103%
*145Va
33
101
-
4'A
4%
39%
'
•
-•'■•'
38 Va
42% ;
,45%
101%
91/e
91/4
91/4
391/4
40%
101
101%
*101
187
190
43/8
4Vz '
4'A
407a
■p
663/4,
67
*187
105
*104
104
663a
-
—
35%
10
No par
5
No par
No par
—1
No par
Sep
Sep
Highest
\ per share
"
Jan 15
21
1044
# per share
,
9% Sep
41
90'AJan 2
84
Jan 27
40
Sep 24
$5 preferred
Consol Film Industries
$2 partlc preferred
Consol Laundries Corp
—9
Consolidated Natural Gas—-—15
,
42
2
6% preferred series A
100
5* prelerred
f—^100
Columbian Carbon Co. (new)-No par
coiumtua Pictures-No par
02.75 prelerred
—No par
10,400
46,700
4,100
13,500
;
200
2,800
1,300
250
> $*.75 preferred
12,000 ;
CohboI Coppermines Corp
25,600
' Consol Edison of N Y—,
Year
Lowest
f per share
Mar 26
Mar 27
* 4J/e Jan
4%% conv preferred———100
4,400
480
3,300
60
4,600
280
4,100
7»500
7,400
900
1,000
1
100
8,100
400
59
'
46
53
19
58
188%
9%
9%
101 Va
28'A
v
*52'A
53
19 Va
58%
9>A
ft
20y8
r
16%
4'A
26
103%
103
*16%
188 Va
40%
*37
*>*'*>■
16%
19
67
42' * \
47% *47%
25%
51%
51 Ve
58%
36 Va
188%
28Va
29'
♦36%
20'A
501/2
32'/2
38V2
20%
20%
51 Vb
51 Ve
161/2, 17
*521/4
53
19
191/4
321/8
*371/2
*103%
66
40 JA
■'.'101
'v: 101
101
20%
*52%
-.41/8
.
«**•
20%
51%
36%
9
Q
U
20%
50%
19'/a
58%
66%
4'A
20%
,16%
53
188%
40
20'/a
*51%
104
66%
*37
37
37
16%
104
189 %
54
12%
52w/
36'A
*18872
13%
531/2
49
-
31
31
.
No por -
Commercial Credit
1,400
2,400
5,500
7,700
4,300
3,300
18,100
1,400
2,000
2,800
280
1,800
7,200
400
2,900
'
300
3,600
4,400
71,300
6,900
600
1,800
270
1,900
107'A 107'A
13'A
133/4
53 V2
543/a
12'A
14
IO71/4
32
19
104
131/4
54 Ve
431/2
48»/2
48
13%
587a
♦103'A
66%
107%
54
*52%
58'/a
36 Va
483A
107'A
13%
13%
-
58
99%
483/B
*106
54
51%
18%
\- 18%
993/8
49
107 Va
331/2
lO'/a
99%
i03/8
99%
13%
•16%
16%
♦5274
20J/a
1
10y8
99%
'
.
113
331/2
103/8
99Va
1123A
331/8
33
10%
32
37 Vt
20%
31%
*
1
24
113%
113%
53
12
*•"
*235/a
13%
-'*37
36%
20%
20%
?
}
12J/e
31%
29'A
203A
52%
12'A
*13%
527/e
iv
-
,
48%
•106'%
283/4
24
10%
99%
99%
49
49
•106% 107'A
53%
12 ye
10 Ve
24%
233/4
20 Va
33% > 33%
33%
10 7s
33%
33'A
10'A
99%
*99%
•
13%
*52%
*•■
113%
113
113
113
»■■■'
32%
,
'
24 Vz
*29
-
32 Vz
32 Ve
4%
31 Vz
'
106% 106%
43A" 5
31
,
31%
131/2
13Vz
38ys
38'/2
24%
25
29%
29%
20%
20%
*23%
24
106'A
38'/*
*
5
4%
5
32 Vz
32
38
38% -38 Vz'
102% 102%
38%
103
,
.
'
;42
363/4
37
38
32 Vs
107'A
4%
31%
32
363A
103
*413/e
423/4
*42
102%
102%
31%
2.50
—2.59
cl A
*
.
Range for Prevfoaa
*
Highest
Lowe*t r
t per share
47% Jan
39
Jan
204
July
Commercial Solvents
No par
\ 15 JA Aug
. Commonwealth h Southern—No par
! U Jan
;
06 preferred aeries
No par 80 Jan
: Commotiwealth Edison Co_—i—29.
283A Jan
Conde Nast Pub Inc
No par
22
Jan
' Congoleum-Nalrn Inc
—No par : , ; 26% Mar
Consolidated Cigar—
No par . 29 Vz Jan
—
19 %
1 Vz
..
/
1,900
'
-
•
1%
xl08% 110%
31%
313/4
IV2
110'A
39
*38
106%
107
4%
*7-4%
*102'A
102
5
102
102%
313/B
42%
36%
*42
38%
102%
13A
109%
31%
111
31%
31%
41%
31'A
108",
19 :
19
ig
1%
I3/#
109%
111
109%
<
19
"
1%
1%
111%
31%
111
31%
35%
4%
105%
19%
105%
50%
107
106 Ve
106
Columbia Br'd By* Inc
Cla»* B
Columbia Ga» St Elec
4,500
52
£0%
*51
50%
493/4
50
106 Ve
19'A
1053A
•
.
28
27%
52
»51
52
49%
50
49%
49 Va
*51
52
*51
42
.
19%
1%
37%
•••"'
41
26 Va
42
35%
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27
105 y«
42
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40%
26%
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31%
lli %
40%
26%
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40%
49
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9
40%
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i
52
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1,200
170
5,000
*403/4
9
26%
v 40'/a
1043/4 1043/4
1033/4 1033/4
40%
40%
41%
403/4
8'A
Par
...
Rante Since January 1
,
EXCHANGE
^:/■
1,900
600
163,500
41
,40%
40
,
9%
41 Vz
41
104%
104
Share*;
» per share
41
8%
8%
8V4
^
103
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/
> ; tbe Week >:>>!'<!
Sep. 28
,
40'/a
41
105
r
Sale* fer
.
*40%
41'A
*
41
«
Sep. 27
Sep. 26
Sep. 25
share
>'•••*"40%
41
•40%
FrMer
Tbaredey
.
Sep. 24
Sep.22
8TOCK8
■
13
103a
28
47
1974 July
Feb
Dec
133/4 July
Jan
52
Mar
July
22% Jan
12
15%
Jan
257s July
60
Jun
26
44'A
Jan
57
363/a Sep
1053/4 Jun
20
195 Vz Apr
3
93/8 Jun
25
5
Sep
527a
61%
Oct
1737a
Apr
Apr
1843/4 July
5
Jan
77» July
5
1%
Jan
21
M OO s?
Feb
273/4
Jun
20
Jan
25~%
July
Jan
May 28
40% Sep
-—
5
68'A May 10
101 Vz
Dec
—
—
29
Sep
28
22
41
163A
Aug
Jun
14
32
Dec
46% Mar
7
273/4
Feb
39
Aug
513A Mar
7
45
Jan
49% Aug
3/4 Sep
12
26'A Sep
20
15%
Feb
Sep
26
97%
Jan
49'A Jun
26
28
Jan
3774 Nov
Jan
89%
Dec
107
22%
Dec
105
Dec
Sep
27
69
343/4 Jun
18
2072
Jan
29%
Dec
x22% Jun
14
113/4
Feb
197a
Dec
105
xl50
Jan
112
144
-Dec
Sep
34% Jun
13
5
223A
Jan
297a Mar
47
Sep
28
227a
Jan
30%
108V2 Jan
19
38
101
Dec
1097a NOV
Jan
May 18
Sep
28
Sep
28
97
Apr
1
41
Apr
73'A Sep
7%
JUJX28
25%-gep
20
123'A Feb
21
30% May
7
Aui
117a
7a Aug
20
150
140
July
61%
Dec
43A
Jun
73/4 Nov
14%
Jun
19y4 Nov
127
1143/4 May
21%
Nov
28%
Apr
Dec
D
19
*18
18
*"50%
110%
*109'
108 3A
203/4
>109
18%
18%
18%
18%
20%
20%
20%
41%
110%
42
*109
40
403/4
*40%
423/4
43%
42%
433/a
35%
343/4
34%
34%
343A
35%
35%
24 Va
247a
24 ye
24%
24%
25
25
•24 Ve
43 Va
>
43%
12 Va
*73 >:
64"
64%
37%
37%
"s42%
♦24:: '.
.
/
.9 24
24%
13%
13%
133/a
23%
23%
6,400
34%
*73
77
.37%
377/a
38
373/8
37%
37'A
37%
42%
43
*413A
42%
*42JA
42%
700
24
-
56%
•
24%
233/4
57
*104
*104
108
34%
343/4
343/4
343/4
34i/4
34%
34
34%
2,100
48
48
48%
48
48
48%
48%
240
273A
21 Ve
27%
27%
27%
27
27%
23%
24
233/4
24%
23%
24
24%
243/4
x24
90%
90%
90%
903/g
90
90
89%
90%
89
143%
143%
114
114
146
*113
1143/g
V
144
142
V
114
*113
*113
114
32-//
32%
32
18%
183A
18%
183/8
*18
25%
253/4
25%
•' 1843A
185%
253/4
184
184%
185%
182%
183%
'.'.*126%
>■
184%
128
>
*126%, 128
:
114
114
■«
128'
'
.
115%
V*114
i 128
*114
21%
Jan
47% May
5
383/a Mar 26
36%
Apr
34% Aug 22
32%
Apr
367a
22
26% Feb
19
17%
Jan
57% Jun
18
17%
Jan
2274 July
373/8 Dec
77/8 Mar 29
16% Jun
25
57/a
Jan
23% Jun
27
1872
Jan
217s
52
Feb
65
39% Mar 29
100
50
Western
Aug 21
34% Jan
19
21
Jan
2
67
Jan
31
75
36
Jan
23
65 " Sep
11
21
33
Aug 20
38% Jan
3
46 % Jun
28
Sep
'
40% Jan
4
5
13%
Jun
26
X273A
Mar
9
343/4 Sep
Feb
18
Jan
2
2
387a
105
25
15%
Jan
203/4
Sep
1
433/4
Jan
49
Nov
25
26'A Feb 23
953/4 Jun 18
6,700
14,000
90%
3,800
Douglas Aircraft
No par
1,300
Dow Chemical Co
No par
122% Jan
4
145
No par
110 Vz Jan
2
114% Jan
17
6
33% Jun
Dec
25
142
145
.
112%
323/e
31%
18
18
253/a
24%
25%
> 128
114
Dunhlll
700
Industries
International
> 114
1,800
Duplan Corp.
182% 183
*126 < 127
182 3/4
*126
Dresser
16,700
32%
18%
25%
series A
$4 preferred
300
112%
313/g
-
Feb
Apr
2778 Sep
22'A Jan
1772 July
Dec
Jan
95
24%
113%
181
Oct
60
49
Oct
Sep
109
Mar 20
Dec
42
Jun
3874 Mar
22
17% Mar 26
978 Mar
Dec
25
47
Oct
3572
Jan
26 3A May
Jun
2878
Jan
2
OCt
Apr
Oct
4174
38
16 Vz Jan
>
16%
211372
2
417s
7 2 457s ,;i
29'A Jan
105
27%
*171/2
115%
5
May
89%
18 %
128
48
Jan
24
25%
*114
9
33
26%
32%
*126%
115%
Dec
24%
*113
25%
Jun
109%
5
91
141 :r 142
19
32'A
13 Ve
15
193/4 Jun
12
27%
263/4
143
143%
_
32%
31%
:
.
25%
*18%
*25
3,300
108
48
27%
•144
1,300
57%
57
*104
343/4
473A
'
•
'
24
233/4
57
108
56'A
57
*104
24
*231/2
24
567/e
108
19
20
Detroit Hillsdale & S W RR Co—100
Devoe St Raynolds A—
No par
Diamond Match
No par
6%
partlc preferred
25
Diamond T Motor Car Co
2
Distil Corp-Seagr'» Ltd
No par
5 % preferred
100
Dixie Cup Co
No par
Class A
—No par
Doehler-Jarvls Corp
5
Dome Mines Ltd
No par
1,500
42%
Sep
Jun
10
Hudson
Delaware Lack &
920
64%
623/4
62%
21
113
Detroit Edison-
75
*73
75%
61%
623/4
48
*34%
48 lA
62
373/4
y
573/e
34%
*73
63
42%
108
*47%
77
62%
&
Delaware
8
13
12% Jan
No par
20
Co
Preferred
35,100
23%
*
24%
-
57
*104
108*
•104
44
12%
x23%
44%
44%
&
Jan
16'A Jan
108 Vz Sep
1
Inc
Deisel-Wemmer-Gllbert
5,100
43%
13%
233/8
:
43
'
57
57
43%
44
13%
*73
37
37
*42%
42%
Deere
600
Records
1,700.
23%
77%
-
pfd
9,200
25%
45%
64
62
423A
36 >/4
25
14
23
♦73
77%-
42%
353/4
23%
13%
::, 22%
42%
353/4
35%
*25
45
44%
12%
22%
423A
(The)
Dayton Pow &c Ll 4%%
Decca
1372 Nov
6%
1
100
—6
—
Davison
900
41
*40%
22%
435/a
■>'
12 3A
22%
10
26
42%
43
42%
*343/4
f
*109
110»A
41%
*109
110%
41 Va
.,"42%
•V
4,800
20%
41
40%
D&vega Stores Corp
Chemical Corp
700
20%
183/4
20%
19%
110'A
18%
20%
♦18
'
20%
20%
20%
4,000
Du
115
150
*113
P
de Nemours
Mar 21
Sep
~8%
July
727a Nov
131
Jan
113
Aug
143/« Nov
Apr
Feb
2074
Dec
137
Feb
162%
Jun
129
1237s
Jun
117
Mar
113
Dec
2
186
par
125% Jan
9
l«t pfd——X00
113% Aug
1
-No
273/a
21% May
47
May
1143A .Apr
1063A Jan
Sep 20
Feb
1
Jan
155
10
19% July 16
253/4 Sep 25
20% Aug 24
St Co—-20
(E I)
preferred.
Duquesne Light 5%
Apr
12
No par
$4.50
100
27
.———50c
-1
——
Mar 26
65
6
11%
128% Dec
;
1203/« Jan
'"SbI?:18%
*21%
*186
183A
'
14Vs
77%
'•78%
21%
213/4
->22%
22%
y
194% 1943/4
<•186 •• 190 ,
194%
195%
22%
195
195
18'A
•
"74^4
73
18%
■ft ft 74%
18%
•
•
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V 190.
62%
62%
-»t*62ya '64-5
.'i 29
Ve
*107 Vz
v-y.
;
9%
63 '•
63
ft- 13
13%
131%
*122
*48
131%
123%
>
•
39%
23'A
23 y.
107%
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9%
48%
V
40
23%
23%
•
48
48
.
••ft;,'
22
76%
104%
*103%
30-5e
101
*101
102
101
*102
103
>
footnote?
102
see
.
31
•
;
r>
>>104%
!
"
107
•
v*
63
64-:-
63
17%
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5%
12 3A
'
13%
k 47%
■
.
40
2,200
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116% >17%5%
SVs
15,200
13%
•:
14
141%
131
1
3,200
400
37,600
•
143
132
127
48
131
47%
>
3,400
•
41
47% .-477/e
41 V
48%
40
<
40
■
23 y»
22%
900
"22%
23
*73%
104%
76 Vz
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303/a
76
104%
>>
>
307/e
101%
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103
*74
103
'
30%
'
fr
'
76%
1033/4
104
23 ;'
30% '
30 3/8
30%
101%
101'/a
101%
101 v
101
101, >
102%
102%
■}
...
*102y4
103
V
105
/
i'
Jan.;. 6
4
-2
—100
•
Emerson
Electric Mfg Co
Radio & Phonograph
Endicott
Johnson Corp
4%
preferred
360
Puoiic
$5 preferred—
530
$5%
190
$6 Dreferred—
17,400
••
'■
preferred.
Service
.
.
4
5
50
—100
1
No par
104'
24
107
—.—100
—-1
;>,,8
'Electric
■>,..3'
Elec St Mus Ind Am. Nhares—
Electric Power Sc Light.
No par
/
$7 preferred
No par
$6 preferred;
No per
> Electric ptorage Battery
No par
El Paso Natural Gas
-3
Jan
49
& 213A
—rrp
Elastic
Engineers
,
:
^
Sep
•
17
1
.
t
t
2
175
Jan
195 '
Sep
:" ■ ■
41
Dec
?'♦.
Dec
n
24
,
52
Jan
24%
163/4 May
:
4
30
Aug 10
108
—
:
—
;
Sep 27
|
July 18
12% Mar
1
8%
Dec
1574
Sep
i i
653/4 Sep
.
7
37%
Jan
Apr
453/4 Aug
15 3A Dec
' |
10
Jan
20
18% July 10
7
77s May 11
3
143
Jan.
3
Sep
28,
Sep
14.
2
Jan
103
28
132
.43% Aug
Sen 27
50% Feb 16
8
Sep
41
34% Mar 21
29y2 Jan
21% Aug 20
20Va Mar 27
25
Mar
No par
101
18
Sep
Apr
114
Dec
Apr
103 y2
.
■?
Dec
3974
Apr
2774
Feb
15
Sep
,
47% July
343/4 Nov
223/4
Dec
11
:'•['.
: I
M
6
87% Jan
68%
Dec
101 >A
Jan
108 v2
Jun
8%
Jan
177a
Dec
108
109
19
'
;
July 16
106
5
17
5% July T
81%
78
26
107
4
100'A Jan
.
Oct
21
20
Jan
100% Sep
3% Nov
67a
Feb
x74% Sep
Sep
16
No par
27
18
•
3% Jan
31% Sep
Mar 26
103
62
:
Dec ; i
106 V» Sep
109
■
; ;
Dec i
178
47a Aug
37/e Jan
14
..'
Dec
25%
Feb
July 24
8% May 3
427/a Jan 20
.
41
157
35% Sep
.
Apr
Sep 26
65
•
22
Jan' 15
14% July
Feb
6% Jan
Jun
200
Emerson
120
,
,?.-• 101%
102%" 102 Va
100
165
10%
33
Sep 21
.196
1,300
101%
101
July 30
......
25
78 Ve Sep 25
25% Jun 21.
170
8,300
,
31%
"101
101%
101
23
75y$
*74
*103%
104
"
30 Vz
preferred £ —
Stop Nut Co.—
Electric Auto-LIU (The)
4 Vz %
19 V» Sep
22
39% Jan 22
18% Jan 26
>
No par
-
1,600
>23%
23
-'
;
-
1,500
'
>:V 41
23
23%
Ekco
110
•
9%
141%
137
125
5S/8
23%
101%
1531.
124%
17%
223A
101
./ 102
12%
13%
136
135
;
*53A
4%% preferred———
Products Co_—
80
2,700
107 1
9% <
9%
preferred.,■;
Edison Bros Stores Inc
-
293/4
Corp—-—-5
Jan
13
.1,
Eaton Manufacturing Go
800
.
106
293A
J,
6%. cum
30
900
353/4
"•
-10
Co.
Airlines inc.
Eastern. Stainless Steel
Eastman Kodak Co—
500
2,600
192 :
190.:
*35
'
22%
195 v
'■*64'-" 'if 66
•
;
107%
93A
23%
*101
*107
93/4
23% /
::
101%
page
30
163A
'
393A
101%
•
106
63%
•/ •48%
23
31
,
135
393/4
*23
76
•104'A
107%
:
••-
35%
.: •. 293/4
v
194%
66
35 y8
293/4
93/4
v2234>
>
eastern
10,106
76% >77%
•
48
23%
104
190
*64%
,<*5%
*123% .125 p;>
"
23Va
30 Va
101
127/«
3/4
*733A
*101
i
213/4
195
104%
V;
64%
16%/.:
5%
13%
5%
133
40
*103y2
For
13 »
40
>
—
65
.
'
'
122%
122%
*186-
/
Eagle-Picher
5,800
,
'
•
132 Va
>131%
'
293/4
107%
;
213A
104%
;
16%
5%
« 123A
29% >293/4
763/4
-194
35%
*35%
•
64
16%
>5%
23%
*73%
.
'
15%
..
;
190'
'643A :J
♦
10
-
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.
108
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<«ft 62»A
it:
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29%
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■
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.
'
19
76%
77%
19
19*
183A
-
<77
22%
•
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107%
ft:
16
♦5%
104%
,
•
19
183/4
64%
•
29%
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15%
■
>
*104
29 ye
108
35%
104 Vz
190
-
64%
-
35% >35%
>•*34%
35%
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:
*186
"
19%
-
87
Jan
104
Dec
i
July. 24;
>89'
Jan,
105
Now
,
Jan
107
Dec
July 12
9274
'
JV*v. ♦f'*' -3,
Volume 162
YORK STOCK
NEW
LOW
Monday
./ Sep. 24
Saturday
J
Sep. 22
9 per share
9
;.i%
1%
16 3/4
16%
17%
77%
77%
77 Va
92
88%
88%
15
14%
14%
♦88%
1%
'?•.
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_
?
23 Va
23 Va
23*
52 VA
52
52
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6%
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78%
763%
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763/4
92
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; :i4%
14%
22 5/s
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92
58%
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16 ¥a
♦22%
223/4
22%
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111
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♦109
37%
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_
30 ¥2
16
223/4
16%
-1
58 %
30%
30 ¥2
«
i6.ya
273/4
6%
22%
22%
52 y3
*51%
6%
*6%
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63/4
>
58 %
58%
58 ¥2
303/4
30
20
29%
15%
16 ¥a
15%
23
223/4
223/4
111
111
*109
37 ¥4.
*27¥a
25,000
(Equitable
24,700
-
Erie
2,400
Evans
1,800
63/4
;
Office
Bldg
No
par
No
500
;
par
100
800
2,500
109
Jan
27
89
liy2 Jan
2
5
15 % Jan
24
3
Co
i
42% Jan
24
1,100
Federal Mln <& Smelt Co_
400
.2
Federal-Mogul Corp
,—3
11%
11%
113/a
11%
11%
115/a
11%
113/4
11%
113/4
12%
2,800
Federal Motor Truck
39
39
39
39 ¥2
39
39%
39%
39%
40
4,300
Federated
No
106
105 ¥2 *105 %
*29
57
29
57
51 ¥2
51 ¥4
t
-
57 ¥4
63%;
32 %
32%
32 ¥2
108 ¥2
*107
513/4
51
51
39%
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9%
9¥a
9
*65%
66 ¥4
2.1 ¥4
21 ¥4
*38
32 ¥2
"
*105%
293/4
293/4
51 Va
9¥a
9
65 ¥2
21%;
213/4 '
*63%
64 %
64
*35 ¥2
36
36
*26 ¥4
27
*26 Va
27
32 ¥2
26 ¥4
1,100
Fidel Phen Fire Ins N Y
633/a
3,300
Firestone Tire & Rubber-
100
523/a
2,600
37
32%
325/a
108 va
108 va
-
52/
37
First
130
$4
38
300
Florsheim Shoe class A;
8%
8%
9
65%
653/4
22
1,900
65%
160
99
*64
93/a
22%
*21 Va
21 ¥2
*213%
64
63 ¥2
63 ¥2
63%
63%
36
35 ¥4
36%
26 ¥4
36
36
35% -35%
26%
26 %
120
163/4
17 f
17%
5%
1,700
26%
Follansbee
6,600
*26
*26
*635/8
17%
*135
11 Va
134
143
39 ¥2
18
40
58
*57 ¥2
131
*130 ¥2
9
8%
7%
8 "
57%
16%
135 ¥2
135 ¥2
40 ¥4
57 ¥2
131
9
40
58
131
17%
*132 ¥2
135
*393/4
39%
17
40 ¥4
58
57
131
131
131
163%
17%
135 ¥2
40
40
*57
573/4
57
57
*129
131
129%
130
8%
9
3.600
i
Fr jehauf
1,100
4%%
.
Trailer
Co—
.
*18 ¥2
18%
17%
19%
*68 ¥a
7%
71
18%
18%
*17 ¥8
17 ¥2
*17%
173/4
*17¥a
17%
19 ¥a
193/a
193/s
19%
195/a
19
♦67
70 ¥2
70 ¥2
*67
ll¥a
10 ¥4
29
29
29
633/4
64
173/4
18
•'
173/4
17%
17 ¥2
•106%
109
109
•
*107 ¥2
10 ¥4
*182%
10 ¥2
10 ¥4
185 ¥2
183 ¥2
183 ¥2
21%
213/4
21 ¥4
*11 ¥4
11 ¥2
11 ¥4
11
333/4
*133
134%
34
47%
48
463/4
46%
4 ¥2
157
473/a
463/a
47
46 ¥2
4%
*128 ¥2
1293/a
11 Va
343/8
343/4
135
31 ¥2
313/4
*153
48 3/a
47 Va
46%
463/s
4 ¥2
4%
48
48 ¥4
*128 ¥2
1293/s
*128 ¥2
72 ¥2
72 ¥»
61%
20 ¥4
20 ¥4
28
28 ¥2
15 ¥4
*60 Va
28 Va
15 Vn
14%
*109
112
*109
139
32
32
*154
156
156
473/4
4 ¥2
45/8
483/4
48 ¥2
49
*48 ¥4
127 ¥4
28 3/8
28%
14 ¥2
14%
*109
*60¥s
20
61%
19%
19%
Gen
58% Mar
28
11% May
16
Nov
53%
Jan
69
Dee
16
Jan
29
Dec
20
Jan
25%
13%
Jan:
17%
70
Jan
24
Jan
4
27
July
2
19
Jun
15;
May
9
413/4 May
7
146
5
3,800
8,400
6% Jan
:
2
4'% Jan
2
16
' Jan
14% Apr
163/a Mar
6
«
6 i\
9 "
66% Feb
y" If* 3
36%'"'* 3 7 ¥a
'^40
r
-
3 ¥a
3¥a
3Va
37¥a
373/8
31%
137 ¥2
137 ¥2
4%
4%
4%
27 ¥a
21 Va
27 3/a
*137
5
5
3 Va
31 Va
*137
5
5¥a
27 ¥8
273/a
3%
31%
140
7% Jan
2
Jan
2
58
Jan
2!
12% Jan
■
273/4
Gen
4,000
104% Apr 18
58 V4 Sep
4,200
10 y2 Sep
24
Jan
35
40
Feb
33/a Jan
1
43/4 Jun
22
General Shoe Corp
26%
110 ¥2
lll3/8
1113/4
111%
440
323/s
32 ¥2
323/4
32%
32%
32%
33 ¥4
1,800
303/4
303/4
30%
32
31 ¥4
31 ¥4
31 ¥2
31 ¥2
31%
32 Va
*313/a
32 ¥»
2,600
2,300
General
111
33 ¥4
107 ¥4
17 Va
*99
*107
33 ¥4
17
17%
100
30%
97
33 ¥2
4%
*150
11%
*99 ¥2
100
*105
33%
33
1073/4
*107 ¥4
18%
18 Va
100
*99 ¥2
26
110
*105
33 ¥2
183/4
100
Nov
66
July
6
1253/4
Jan
130 ¥a
Oct
25
36%
Jan
56%
Nov
203/4 Sep
21
47/a
Jan
30% Mar
6
20
187/«
Apr
6%
Jan
31 ¥2
313/8
31
31 ¥4
31 ¥e
32
33%
9,200
97
97
98
98
98 ¥a
98 ¥2
98%
99 ¥4
700
$4.50
33%
34
343/8
34
34 ¥2
33 ¥2
333/4
34
34 ¥4
3,700
54
53
53
*53 ¥4
54 ¥2
*523/4
54%
5
4%
4%
4%
*53
4%
1513/4
4%
4%
4%
1513/4
*150
*150
1513/4
323/a
32 ¥2
*150
*150
151%
66 ¥2
653/4
65%
65 ¥2
65
65 ¥2
103 ¥4
103 ¥4
102%
102%
*102 ¥4
1033/8
59 ¥2
59 %
59%
59 ¥4
60 ¥4
59
32 ¥2
33
*110
110 ¥2
25
25 ¥2
26%
26 ¥2
26 ¥2
10 ¥4
10 ¥4
10 ¥2
10 ¥4
io%
*110
120 ¥2
*110
110 ¥2
64%
643/4
*102 ¥4
103%
600
59 ¥4
593/4
5,600
110
60
5 ¥2
5 3/4
5 ¥2
5 ¥2
5 5/8
5 ¥2
26 ¥2
26 ¥2
*26 ¥8
27
26%
18%
18 ¥2
18%
18 ¥2
26%
18%
*26 ¥2
18 ¥2
26 ¥2
26%
26%
105%
27 ¥a
27 ¥2
28
1053/8
105 ¥2
105 ¥2
17 Va
17¥a
17%
17 ¥2
105% 1053/e
,.
-
'
r
17 ¥a
5%
11
26 ¥2
26
10 ¥2
"
111
*110 ¥4
110
26
"
10%
17
65 ¥4
1023/a
59 ¥4
'
25 ¥4
10%
10 ¥2
5%
263/4
263/4
27
18
18 3/fl
18
18 ¥2
28 ¥4
29 ¥2
28%
285/8
*28
28 ¥2
*105%
105 ¥2
105 Vsr
105%
173/a
17 ¥2
17 ¥s
173/8
6,300
27
18 ¥4
55/8
*105'%
17
2,300
Grant
3%%
700
17 ¥2
(W
25% Feb
5,700
Great
Co
T(
Iron
553/8
55
55 Va
553/8
54%
56%
55 ¥2
31 ¥2
313/4
543/4
553/4
54 Vn
56 ¥4
55 ¥»
30%
*166%
31 Va
31 ¥4
62%
623/4
*106
226%
226 %
190 ¥2
189
*188
24 ¥2
7%
*72
633/s
63
226 ¥2
♦226 ¥2
*188
190 ¥2
.
25%
7%
106%
1065/a
37 ¥2
36 ¥4
7 ¥2
•
227
26 Va'
7%
7%
226 5/s
*2263/8
227 :
190 ¥2
X1863/4
187
2265/a
♦188
263/4
25 ¥2
75 ¥2
76
54%
54%
76
75 ¥2
54%
54%
-
54%
76
25 ¥8
26
76 ¥4
55
76 ¥4
76 ¥4
545/8
.
1063/4
54%
'
*2265/a
*184
'
54%
55 ¥a
'
55 ¥4
55
.
i
40
<
26
8%
preferred
preferred ctfs
1,100
*
'
95
preferred
Oil
Gulf
5.7Q0
*35
'
36
*35
36
•35
'
*35
36
Hackenaack
••35
36
v,31 /?,
36
193/4
193/4
1053/4
105
108
29%
193/4
30
-
23 Va
♦152
104 ¥2
193/4-
108
23 S/8
;;23%
1043/4
104 ¥2
*107%
108
29%
193/4
29%
24
>'•
*.~
•
*152
i/
*107%
24%
♦152
29%
2974
193/4
19 ¥2
1043/4
36" •36
*36%
10 y2
10%
♦103%
133/4
For
footnotes
-
10 ¥2
•10¥s
103 ¥2
104
13%
36
10 ¥2
103 ¥2
♦103¥»
13%
13%
see
page
1531
-
133/8
10 ¥2
104
13%
♦19 ¥4
1043/4
105
108
24 ¥2
•
♦1073/a
■24%
;
243/4
■>
313/8
104%
108-v 1
24%'-:.
-
105
.
'
*154
i-»•--■■
*154
-
10
4
36
35¥a" *
36
36
10 3/a
•10%
10 ¥2
10%
10%
1033/4
1033/4
103%
103¥2
13 ¥2
13%
13%
13 ¥2
35 ¥2
v
♦100
13%
400
40
103
13%
-
2.600
iM
<
6%
No par
100
Co S4.20 pia—No
—No
Refrac
Corp of Amer class
A
-
;
:
.—--1
(modified)—100
Industries Inc
-1
6%%
Hayes
par
par
100
10
preferred
Hart, Schaffner <fe MarXi
Hat
Jan
20%
15%
103%
106%
10
preferred
A)
Harbison-Walk
••
1,200
'/■
conv.
Haiiua
5,800
;!r'*
35%
10%
f
4Jo
100
1
108
'.•25 ¥2
*'
I >'
■-*152
"
105
-
■
♦1073/a
25
600
26% Dec
18 ¥a
Jan
Dec
Jan
90 ¥4
Dec
22%
Dec
18 ¥4
Jaii
25%
Dec
45
Apr
52
Aug
69
2
26
2%
21
12-
4¥a May
Jan
175
Dec
85%
Jan
40
13,,
Feb
M%
iun
Jan
104 ¥2
Nov
98
6-
36%
Feb
51%
Dec
8
104 ¥4
Jan
112%
Jun
26
123/a Aug 27
8¥a
Jan
17 ¥4
1%
Jan
7
33A
Jan
5 ¥» July
26 a/4 Sep
6
Jun
20
27
Sep
19 ¥2 Jun
28
5
29 % Sep
Oct
Aug
2*
105V2 Sep
9%
72
i4y»
-
i
49 ¥a
Dec
30
Dec
Feb
163
Nov
67
.Feb
57
.
May
43%
Dec
-11
2
4;
Feb
105%
Apr
3%
123.
26
Sep
26
82
14 if
i
-
55%
-105%
•
Dec
24 ¥» July
t
■
•
32 ¥»
Dec
Dec
6¥a Aug
Apr
(.189 ¥2
Jan
Dec
10
30% Jun
i
Feb
19 Va
108% Mar 13-
226% Sep
17 Va- NOV
*
.
Jan
1433/4
Sep 28.
8% Sep
Dec
Jan
24%
.283/4 May 28
44'% July
Dec
July
25%
May 25
Jun 22
.65
16
Feb
25
14
56% Sep 25
327/a Aug 28
175
19 ¥4
15 ¥4 May
177/« Sep
194
14% Mar.27
58
Jan 23
49% Jan 6
—-—*8
Printing Co
Hamilton Watch Co
Hall
1,200
20
20
20
''
•f.-vTi-'
s-36
*104 ¥2
♦107%
25
""
36 Va
-
108
30 ®*30%
-
29%
; 19%
-
Feb'
Dec
20
60 3/a Sep
112% Mar
xl863/4 Sep 27
-
par
Dec
Dec
31%
Jun
6y4
16 ¥4. May
Jan
33
Sep
#-ce;62%
Jan
42 Va
57Mar 16
.
Dec
50%
Dec
v
?
:V-
Water
'
30
105¥4 Mar
Mar 16
yui
Si
Corp
:#H
36
♦35
No
No
/i 27
33% Sep 28
67% Sep
Jan
100
J
Sep
165% Jan
1
28% Jan 24
: 5% Mar 26
167 ■' Jan 26
———
1—
5
104%Jan-12
-1
—
Gulf Moolle 61 Ohio rut
19,200
76 ¥2
*75 ¥2
76 ¥4
8%
30
189
25 3/a
Sugar
Guantanamo
9,500
I
227
'-
253/4
200
14,600
'
73/4
73/4
73/4
110%
Sep
11% Jan
28
May 16
57
•
64
Jan 20
52% Jan 25
22% Jan 2
———11
Greyhound Corp (The)
No par
4%% preferred
J—
100
Grumman. Aircraft Corp—
1
Oct
Nov
Jan
7%
34% Sep
2
4
2
Aug 20
Jan
2
J-,
19%
Jan
19%
100 Va May
Sep 18
100
West RR
Co ;Inc
L)
(H
Green
10,000
!
31 Va
363/4
*
Green Bay &
1,900
«•
26
253/4
*106
1065/a
37 ¥4
65
Preferred
90
'
'
76
26 ¥4
253/4
2 6 ¥8
■
Western Sugar
Great
79
65
64%
633/4
167
*72
79
*72
79
633/4
3,900
167
*
167 ¥2
36 Va
73/4
*•' 189
166%
32
31%
313/8
*166
25%
1063/4
37
7%
.
25
25
168
107
35 ¥2
;
166 ¥2
26 ¥4
•106
353/4'
353/a
226 3/a
;
26
107
35%
7%
31 ¥2
79
62%
26 ¥4
♦7%
353/4
*72
79
26
107 ¥2
*106
*166 ¥2
63
623/4
26 ¥4
26
168
*72
79
*72
31 ¥4
31 ¥2
*166 ¥2
168
10,100
32 ¥a
'
pfd—No par
—~No par
—-—100
f'Nov
4y4
257/8 July
Apr
Jan
19
21
33 Vz Sep
6
14%
46
28%
1613/*
Prop—No par
Ore
%: July
Dec
22%
>
19
23*
105
$—100
preferred
Nor
Great Northern Ry 6%
74%
16
July 30
Sep 28
100V4 Jun 13
333/4 Sep
183/4 Jan
3
14% Jan 23
253/4 Sep 18
"
2
31%
124
Apr
Nov
110
48
July 27
107% May 19
12% Mar 26
5% Jan
2
4% Jan 2
pa"
14%
¥a;'Aug
Mar 12
Ill
2
11
Apr
3y4
Jun
23%
1073/4 /Nov
Apr
112
24.
35% May 22.
July 27
102 / Apr 20
5
(new)
iy4
19%
25
13% July
Oct
19 3/a
34% Jun
53
No par
No
8teel__
Citv
Granite
2,700
105 ¥2
¥4
100
10
—
Grand Union Co
800
<
-
Jan
106
.
28
6'/4 Sep
22
33/4 Jan
2
147 % July 27
No par
No par
:
$5 convertible preferred—No par
Gotham Hosiery.^
No par
Graham-Paige Motors
1
Gran by Consol M S & P
5
134,600
53/4
5 ¥2
53/8
27
par
No par
(B F)
$5 preferred
3,500
103/8
_
Goodyear Tire 81 Rubb
200
26
18 ¥4
'
2,000
64 ¥2
.Jan
,
.
28% Sep 28
263/4 Sep 28
116% Jun 18
3
24
Jun 15
13% Mar 27
90
Mar 9
1
Goodall-Sanford Inc
Goodrich
Co
26
50
Telegraph Co
2,000
333/8
1023/a
'
26 3/4
10
111
32%
Jan
96
Sep
25% Jan
52% Jan
preferred-
& Stock
Gold
1513/4
*150
32%
10
21
No
(The)
Co
conv
37% Sep
137V2 Sep
No par
preferred
4 % %
3
No par
JGoebel Brewing Co
1,300
128
6
10
3'/2 July 2
107
No par
No par
Razor
preferred
Brothers
Glidaen
100
5
5
1513/4
325/a
54 ¥2
*52%
5
"
32 ¥4
59
Safety
conv
96%
103%
10
$5
Jun
16
24
5
Co
pfd
Mar
sl% Jan
100
Rubber
&
cum
Gimbel
66 ¥2
*24%
300
33%
54
Tire
Gillette
26,900
32
*102 ¥2
*110
19
30 5/a
-—100
preferred
4%%
680
100
X100
Telephone
4%%
33
107%
18 ¥2
18%
General
•
134%
613A Jun
Mar 26
25% Mar 29
21 Vz Aug 21
106% Apr 27
Gen Steel Cast $6 preferred—No par
31
"
/32%
59
32 3/4
107 %
100
2,300
107 ¥2
*105
33
107%
18
100
'
107 ¥2
33
1073/4
1073/4
32%
66 ¥4
32.
26 ¥2
26%
110
96%
3334
'52%
10.7
17%
¥2
26
111
33 ¥2
33 ¥2
108
*99
31 ¥a
97
*107
111
33%
*107
108
25%
112
ji. '.
-
Feb
283/a Jan
123
Feb
3% Jan
21
Jan
19
99
Corp
20
Gen Time Instrument Corp—No par
•107
-
*
—1
265/s
110 ¥2
32%
25%
jir
110% Sep
par
.140
Mar
22% Jan
2
9% Mar 27
7
.
3ya Aug
Sep
Feb
Sep
513/4
Sep
130
106 Va Feb
*■
43% July
11
Mar
16
10c
Dec
Dec
40 3/a
/
52 3/4 Aug 29
11
32%
111
2y4
115
Sep 24
152
Dec
155
Nov
4
Dec
29% July
Feb
40
Dec
7% July
22 ¥a
124
Feb
5
Jan
26 ¥4
;i
Apr
Jan
111 ¥2
ff
Jan
Jan
10
25%
Jan
12
/Nov
19%
Jan
140
Oct
9% July
161
43%
49% Sep
2
Dec
54%
6%
483/4 Jun
43% Aug 23
Dec
16 ¥4
11%
May 31
Dec
58 ¥a
Jan
24
>■
par
23 y2
i.
>
Feb
143
25 ¥4
53
32 ¥2
7%
•
81%
par
110 ¥2
26%
110
Feb
28
par
32%
26%
Jan
134 3/4 Jan
par
100
10c
Feb
26
172
25
.,18% Jun
"f 66
Nov
fU 7% Dec
Jan
Sep
141
125
No
Dec
Oct
28
par
No
18 ¥4
32 Va Jun
22
1143% Jan 22 i
27% Mar 20 ?
Sep
37% Jan
i
Sep
41% Apr
373/a Sep
155
Dec
Deo
10 y.
267/s jun 15
12'/a Jun 22;
19
17%
4%
Mar 21 t
S.
;
51
6
.
par
*32%
110
July
5y4 July
Jan
13 ¥4
183% July 30
75
Refractories
General
7
Jan
Jan
62%
Jan 31
Jan
2
Jan
2 i
Jan 22
134
6%
45,400
Sep
16%
13
Aug 20
Public Service
Railway Signal
preferred—
Gen Realty & Utilities
116
15%
49
8%
1603/8
17%
par
No par
—1
No par
Gen
10
6 ¥4
28
27%
27 ¥2
3,000
28%
53/4
53/4
5
21 Va'
33/a
Dec
44%
Jan
Apr
,2%
18
Sep 25
108% Jun 18
22
Jan 22
May 3
$4.50 series A preferred
140
Sep
36% July
; 2%
/ 11% Sep 19 i
31
Apr 27
65
Sep ?6.
62
General Printing Ink
37 ¥4
3 Va
37
*137
'
28 ¥a
"
37
140
36%
*137
5 Va
--
3Va
3 Va
3¥a
37 ¥4
140
Jan
12%
20% Apr 19
76
May 16
16
23
9% Sep 19.
8
Sep 19t
18% Feb 20 >
18% Jan 12 /
■
*135-
29%
103
Dec
Dec
135
•
.v; '■
a -
.
>
v..
127
Gen Precision Equip Corp
15¥a
30%
Sep 19
No
A
•
12
58 v* Sep
131
17
No
Adv
Outdoor
,
•
1
No
preferred
Common
'
8% July
43% Aug
10
Corp
2,100
112
*109
112
*109
$5
Dec
33%
26
100
preferred
Motors
42V4 Dec
Jun
Jan
No par
29
143/8
143/4
14 S/8
14%
200
•
par
No par
(new)
26% Jun
;
5% May
75
24
42% Mar 26
series A_No par
20
28 5/a
28 3/a
28 ¥2
28%
112
5%
Mills
General
61%
*60 ¥8
19%
61%
50
28,600
127
127
128
128
General
Aug
10% Jun 26
5
Jan
Dec
Jun
44
Dec
15
No
Corp
$6 conv preferred
1,700
73 ¥a
No
Gen Gas & Electric A
20
129
713/4
Foods
24%
9
No par
:
100
Electric Co
24,700
48 ¥2
129
72 5/«
General
2
13
22% Sep
113
Nov
57 ¥4
;109
Jan
Jun
Mar
—100
preierred:—
Cigar Inc
5
preierred
General
53 ¥a
»
18% May
41-
118
-
cum
7%
19
10 '*
9
—No par
No
7,000
4%
*152 ¥2
No
18,700
157
157
129%
193/4
80
48
4 ¥2
,
*152 ¥2
157
713/a
*60 Va
.156
47 ¥2 S- 48 3/a
*128 ¥2
61%
112
*154
Dec
'
34%
Apr
5
5
Transportation
preferred
7%
Aug
v108
Dec
27% Aug
Apr
13
-14;
100
—
General
1,600
Dec
10%
32
'
1
27
41% Jun
Jan
Nov
24
»
Feb
Sep
80 Va Jun
34
Dec
Aug
27%
:>
Jan
38 3/4
52
25
i
Class A
650
32 Va
46%
*127
-
i
,
33% Sep
110/ Jun
1
13
1
General Bronze Corp
General Cable Corp
5,200
141
32
46%
46 ¥4
45/8
2,700
4,900
473/4
47
463/8
213/4
$8
45
4
25
5
50
.
Investors
Amer
■>.('
Jan
1033/4
Jan
105
'
59 % Aug 20
...
20
—
Jan
47% Jan
153/4 Jan
,
par
No par
General Baking
40
12 ¥4
139
7
Gen
8,400
373/8
Amer
Dec
14%
Jan
May 4
65% Sep 20
6% Mar 20
-No
Co
$4.50 preferred
600
11%
xn
Gen
100
•
183
21 ¥2
(The).:
Gaylord Container Corp
5%% conv preferred
.13,400
10 ¥2
!
Co
Deo
47%
11%
Jan
60
2
July 20
30 Va Feb
.
20
„
Wood Industries Inc
Gar
"400
35
'
34%i
138
31%
72 ¥2
20 ¥4
20
28%
14%
l\l2
127 ¥4
343/4
345/a
138
1293/a
73 ¥«
*60 ¥a
103/a
11%'
72
1293/a
71%
203/8
'
IP/8
473/4
61%
15¥a' -f
21 ¥2
11
.
58
183
r
preferred
Gamewell
1
No par
.1
(Robert)
Gardner-Denver
70
109
58
10%
21 ¥4
48
20%
*183
11%
*152 ¥2
*127
10 y4
10 ¥2
•
18
•
t-4 O CD 0s v®
573/4
21%
158
127 ¥4
573/4
58 ¥2
107 ¥2
184%,*
21 ¥4
21 ¥2
*152 ¥2
'127
107 ¥2
109 :
200
30,900
•
67
/.
17%
*
(i 9%
Inc
i\
11
44%
Jan
93:,
;17 .C
18 :>
107% Apr
29% Jun
Dec
£
Apr
5>
22%
i
,6%
V/^ll
:
-•
.
(The), cl A—.
$3 preferred
29 ;
*65
"
Gair Co
1,900
10%
f
*28 ¥2
29
184 ¥2
152
*60 ¥a
28 ¥2
10 ¥4.
10 ¥2
:
1293/a
.
.
127 ¥2
*109^
17%
48
48 ¥2
*127
173/4
152
*473/4
73
4 ¥2
45/a
17%
10%
65
*183
1563/4
155
65
*57 ¥2
135
313/4
47%
4%
72 ¥2
135
31%
473/a
152
*150%
34 ¥4
135
157
158
156
34
134%
31%
31%
10 ¥4
*28 ¥2
65
♦107 ¥2
573/4
10%
213/4
10 ¥2
29 ¥4
173/a
109
573/4
10%
31 ¥2
10 ¥4
•
;•/
,
.
Gabriel Co
-70 ¥2
*67"
70%
29 ¥4
'
'
'
573/4
*57 ¥2
*67
65
•
57%
185 ¥2
t
18%
193/a
65
11
1,700
V
18%
17 ¥4
103/4
21%
10,600
193/8
*63
*33
7%
18 ¥2
17 ¥4
-
*28 ¥2
10 ¥4
7%
19
♦67
*182 ¥2
7%
18
11 ¥e
*57
7¥a
17 ¥a
29 ¥4
*106%
73/4
18 ¥2
65
17%
9
18 ¥2
*62 y8
4
8%
18 ¥4
•
70%
103/4
11
9 ¥4
18 ¥2
.
*28 ¥2
5
8%
75/3
19
*
173/a
*183/4
7%
7%
18 ¥4
8%
«•'
Dec
>'
Apr
16
100
■ ;
o
:
8%
73/4
8%
9
28
Sep
Dec
;
Jan
19%
17
7
May
13% May
40
100
177/s
47 ya
,
.
Jan
1-
.
Jan
"
35%
100
;
14%
Aug 23
28
10
preferred
Jan
52 3/a Sep
„
310
57%
131
Jan
41
1
Freeport Sulphur Co
Jan
93%
32
Jan .22
107
Machinery Corp
,_10
Corp
10
;
9% prior preferred-:.^_r.1 -4
,gfl
Francisco Sugar Co„
No par
2,500
.
Jan
21%
2
Foster-Wheeler
pfd
33%
-
3
.
100
F'k'n Simon & Co Inc 7%
•
7
110%'Mar
Food
40
2
5
10
Food Fair Stores Inc
140
40%
40%
403/8
conv
Jan
23% Jan
,
No par
Corp—
preferrtd
2%
26
par
Steel
500
♦135
135
135
par
No
800
64
'
173/4
Co
5
109% July 27
383/4 Mar
7
22
50
No par
—
Stove
Jan
l053/4 Apr
42% Jan
>
par
No
(The)—-
Florence
38
653/4
26 ¥4
Co
preferred
200
Apr
23
/ 53% Mar 26
25
No
9%
21%
16% Aug 28 i
213/4 July 24
_10
Stores,
13
28
7% May
Mar 28
103
100
52
37%
8%
*64 ¥a
"
National
Flintkote
7,000
;
preferred
*50
37%
8%
"
52%
4%%
Oct
24% Sep
5
9s/8 Jan
1
57%
13%
573/4 Apr
?'
28% Jan,23
100
Corp
Apr
58% Sep 26
/
par
preferred,
conv
Enamel
107%
107%
*50
4%%
Ferro
63
325/a
323/8
107
51
/
1,200
Stores
*107
52%
213/4
21%
63 ¥2
517/s
65
64 ¥2
35%
52%
108
.
9 ¥4
65 ¥2
:S,
107%
51
39
*35
63 ¥2
32 ¥a
52
*37
;
63%
63
220
293/4
57%
57
*563/4
107%
*107
103
*51
57
64
107 ¥2
513/4
32%
♦107
'
/
*107
513/4
,323/4
108 ¥2
5
63 ¥2
63 ¥2
107 ¥2
51 ¥2
39
*51
105%
*29%
*107
:
51%
108 y2
105%
29%
63 Va
107 ¥2
513/a
105 Va
293/4
57 ¥s
64 ¥2
*107
107 ¥2
105 Va
29 ¥2
i
57%
64%
*633/4
*107
105 ¥a
105 ¥a
,
29%
Dept
6%
33% Mar
23 Va Jan
No par
39 ¥4
12
4
253/4 Jan
Dec
Aug
84%
2
104
Dec
70
151/8 Jun
123/4 Mar 26
.
-
Feb
25% Jan
Jan
Jan
78%
2
17
Dec
1%
14
Jan
46%
•
I per share
"/
Apr
9%
7
42% Jan
v
..
%
Jun
Jan
'6
Light & Traction
15
$6 preferred—
—No par
39
t
.86
n ap
„
.
.
Highest
share
%
>
22
84% July 11
50
Cleaner
Products
27/a Jan 20
20 Va Jun
5/
Co
Vacuum
I per
19
68 vz Jan
Federal
10
28
RR
v
1944
Lowest
-
I per share
May 21
1
Year
Highest
i
:':12% Jan 12
Fairbanks Morse & no
pat
Fajardo Sug Co of Pr Rico__
20
Farnsworth Televls'n & Rad Corp_l
11,000
22%
Pitts
Corp
Exchange Buffet Qnrp.
200
157/s
*27%
Lowest/
Ex-Cell-O
V...
38%
Range Since January 1
pref series A
Eureka
223/4
273/4
5%
4,100
/
STOCK
common
Erie «&
58
373/4
RR
10
>•;
;
15%
109
YORK
EXCHANGE
r! <$ per share
29% ;29%
,
37%
27%
27 ¥4
57%
...
37%
*37
27 ¥4
58
16
57%
•••
NEW
•fit V'VtV'ir \
900
53 ¥4
*6%
29%
16 ¥4
C
•22 %•/ 23
6%
16
*109
f
:
143/a
52»
223/4
;
14%
52
30%
37%
27%
223A
52%
15 Va /
53 %
.
.
111
37%
143/8
23
52 Va
63/4
<.'2%
'
78%
23
■Z
V- 2
.
v
16%
17 va
*76°vr.; 78
,14% -'15%
23%
513/4
1%
17%
16%
Range for Prelions
"
for
Shares
share
17 Va
92
RECORD
the Week
17%
"
15
9 per
share
-
Sales
Sep.28
78%A/
78
,.*.*88S/S
.
9 per
# per share
2
Friday
Sep. 27
*
17%
17%
..
1525
STOCKS /
*'■
Thursday
Wednesday
e
CHRONICLE
PRICES
^Sep. 26
9 per snare
a":.
1%
77¥a-
SALS
HIGH
Sep. 25
per share
2
AND
Tnndar
16 Vi
*
THE COMMERCIAL & FINANCIAL
Number 4425
preferred
*
18%
154
x30_7%
103Va
-9%
Jun
Mar
28
19
Sep
110 ¥4 Jan
12
25¥a Sep
28
22
Aug
2
106
Apr
13
Jan
12
Feb
17
Apr
9
Jan
4
Sep
27
Jan
4
33%
iteC
22 Va
Dec
11%
16 ¥» July
13
2
2
r
Apr
15 y4 Mar
27
22
31% Sep
39
2
Jan
Jan
155'
-
Apr
May 16
14 ¥4 Sep
102
15%
138
2
373/4 May 28
10% Feb 16
112
r
13
Apr
109
Dec
Apr
21
July
Jan
152
Dec
Jun
■
*5%
Jan
104%
Jan
8 Va
Apr
•
~8%
110
9%
Jun
July
Dec
NEW YORK STOCK
Estarda*
Monday
■
9 per
,
shar9
10:
*25%
83
•1823/4
189
*28%
29
*28%
29
29
106
*103
•102
134%
35
*32
23%
233/4
*32
"32%
35
*25%
26%
•253/4
26 Va
26%
26%
*57
58%
♦57
53%
58%
58%
•19%
20'%
20
20 Va
20%
27%
273/4
273/4
273/4
23 Va
1,200
*32
$4
Hewitt
Rubber
*26
263/4
263/4
263/4
400
Hires Co
58%
*57
58%
58 %
58%
200
900
Hollander & Sons
21%
28%
22%
283/4
*21%
283/4
21%
2.000
51'/«
52%
51%
513/4
51%
52%
52%
52%
53
5,000
X46 %
473/a
46%
473/a
r47 Va
47%
r46 %
47 Va
*45 Va
46
8,900
24%
23%
24%
24%
24 Va
24%
24%
263/4
4,000
1,300
15%
153/a
.44: :'
:
26%
263/4
263/4
1023/4
1023/4
102 Va
102 Va
102%
1023/4
76%
78 %
78 %
78%
783/4
700
15 %
15
15%
43%
43
43%
26%
26%
102%
102 %
.78%
*77
15
15%
15%
153/a
15'/a
15%
14%
44%
,
45
44%
443/4
43%
433/4
43
5%
53/8
5%
5%
16%
*15%
16%
283/4
6%
16
Hud
37
36%
37
36%
36%
37%
36
36%
35%
36%
36%
37
36%
36%
37%
17,200
67
67
68
66%
67
66%
66%
67%
68 y2
1,200
83%
83%
150
;
Leased
80
i
RR See
•54
28
*124
*171
99
99
14%
14%
9%
49%
7%
*195%
11%
11%
v
198
182%
90
5%
90
6%
6%
35%.
-*136
27%'
90
'
90
6%
*
36
136%
32%
101
101%
18%:
r;
18%
125
*123%
103
*45
,
;46
*125%
144
7% Jun
25
10
19
23 % Jun
26
6
26% Aug 21
32% Feb
28
14% Jan
6
34
3% Jan
2
:i80
"*
♦f45
.
126
*125%
•;
144
*125%
26
>26%
26%.
26% Y"
27
27
*26%
*26
27
*25%
41%
.
*151
*151
42%
42%
36%
22,100
35%
J
-
33 Va
103
102%
17
103
.45
41%
*123%
500
'
200
123
144
Feb
32 %
10%
Jan
23%
25%
Jan
56
Dec
72% Jan
24
91
Jun
25
46
Jan
77%
Dec
18% Jan
22
38
Jun
26
8
Jan
22
Dec
10% Jan
2
29
Sep
27
2
58
par
.
39% Jan
103
73,600
Sep 21
Jun
9
Mar
165
Sep
101
Sep
25
71% Feb
x87
Aug
14% Sep
25
9% May
7% Jan
11% Mar 26
51
'Sep
3
""109
Apr
12
Sep
13
200
Sep
28
;
:
28%
27%
Foreign share ctfs.
Dept Stores
27%
27
27%
4,400
1,800
26%
26%
200
Intertype
41
41
*41
43
41
41
700
Island Creek Coal.
155
*41%
*151
42%
155
*41%
27%
*151
-
42%
*41%
$6
42
300
42%
*109
*109
: 115
^139 Vz
137
138
137
137
137%
138%
132
*130
132
131
131
131
131
*128
132
131
131
300
43
44
44
44
45
45
45
45
45
1,900
110%
110%
*110%
*120
,
39
39%
38%
117%
♦25
26
30%
25%
24%
29%
*29%
21%
Dec
Feb
94
Dec
Jun
7%
Feb
12%
68%
Jan
92
Jun
47% May
5
39 Va
Jan
47
Aug
2
42% May 31
35%
Jan
43
19%: Jun
39
Feb
92
Jan
2
137% Apr
18% Jan
19
134% Jun
xl43
Sep
31% May
2
31% May
2
56%
1
117
13:
11%
7
11%
7
S3?
Jan
93
Feb
135
Oct
Jan
20
Dec
Jan
20 »/4 Aug
15
Apr
20% July
15
Jan
20%
Aug 31
Jan 12
44
Sep
12
29
Jan
45
July
xl51% Sep
19
Jan
144
Dec
36
1
145
343/4 Jan
No par
:
1093/4 Aug 22
101
29%
30%
30
30
1,000
Kalamazoo Stove
*120
125
Chicago
143
Sep
31
Jan
Jan
112 Vs
Feb
Sep
Sep
Sep
'
c
25
4
Apr
105
19
45
25
Sep
17
90
Jan
10
102
27% Jan
24
40
98
Mar 27
91% Jan
2
193/a Jan
9
119
Dec
38%
Jan
84%
27
19
133
113
79
Apr
1073/4
20
25
109
RR
138 Va
114% May 31
2
118% Aug 22
100
—12%
Johnson
42 3/4 Sep
22
;—100
No par
29%
GOO
Oct
136
14
2,900
400
321/4 July
:
,
Feb
66
26
21
=
Dec
13%
103% Sen 26
Mar 27
18% Jan
Jun
3
9% Mar 26
78
41% July
Sep
Apr
Jan
80
6%
20
24%
317
117
15,000
97
119
103
130
140% May 22
33% Sep
20
26
;
Sep
24
40
39
*96%
25%
21 i
23
Jan
Jun
27% Sep
24%
97
36% Sep
24
26
ia%
Jan
.
Dec
3%- Aug
4% Jan
1
'84% Jan
2nd preferred ser A
&
7% Feb
18Q%
27
24
39
*95%
4%
Jollet
65
91% Sep 27;
Feb
.1
preferred
St
15%
Dec
82%
Apr
Jan
2
*116
38%
96%
,24%
50
110%
-2
Nov
.188
1% Jan
'■
100
25
39 Va
*95%
*110
*120
*120
*117
25%
110%
*110
23
10% July
.
24
preferred
3% %
67%
165%
t
8% July
,
17% Jan
Johns Manville Corp
Johnson
Feb
19% Jan
preferred—
4% %
1,300
Jan
28% Jan
100
stamped__100
Jones & Laughlin Steel
No par
5% pref: series A
100
5% pref series B conv
;—J.00
Joy Mfg Co
1
110%
39
96%
117%
45%
13
27
6% Sep 28
27% Sep 25
19% Jan
129
par
113
110%
39%
96
117
117..%
111 %
*44%
*120
39%
96%
•96
96%
117%
111%
*120
*109
2% Jan
17
Jan
Sep
Apr
Jan
6%
-No par
Corp
Jewel Tea Co Inc
111%
42
112%
139%
.
>
4
6%
Dec
105 %
Nov
154%
'
Oct
8%
40% July
Apr
104
k.
12% July
—No par
Interstate
155
*151
155
29
.No par
.No par
Teleg„
27
26%
26%
27%
*109
110% 110%
;
*26
27%
93
187
74%. Mar 21
178 % Jan
—No par
J
50
Silver—L
27
*26%
6% Mar 28
19
29%
28
11
8 % Feb
6
-8% Mar 26
173% Jan
-
Co—
preferred
Intern'l Telep <fe
158
9% May 25
6
2
International
Nov
125
174
2
25
No
111%
2
26
par
—.100
-
Dec
Jan
88%
106 %
Jan
8% Jan
9
Jun
100
Feb
37% Jan
par
42% July
82
2
Salt
Aug 29
Oct
20%
Apr
35% July
109 % Mar 16
104% Jan
No par
——
15%
Dec
166
par
Chem_
Paper
1
.104% Jan
100
5% Jan
*26
27%
26
75% Jan
27
'
Sep
—100
-.7%
28%
27%
27%
.
Nov
24
37% May
—-1
International Shoe.
"1,800
Aug
28
[——No par
preferred--
International
200
41%
*125%
144
3,500
.
45%
6
26
——13
i
5% conv preferred:;
—100
Inter Rys of Cent Am...—LNo par
1
5 % preferred-^——
i
100
3,300
'
18%
Jan
No par
100
—
Si
Min
International
1%
Apr
Hydro-Elec Sys class A—
4%
30
6% July 31
76
International Mining Corp—.
1
Int Nickel of Canada-;——-No par
i Preferred
1
100
12,500
103
45%
41%; 41%
-*128
26%
138
32%
18%
*125%
26%
26%
3,600
Feb
42 % Jun
20
—»
41
41
155
26%
26%
41%
26
6%
193%
*124
144
92%
6%
*137
103
17%
45
Int
Internatiotral
*92
32%
103
41Va
•;
91%
137.
...
102
18%,
103%
,103 '
14,500
10,100
::300
Aug
8%
3
No
6%
Dec
16%
May 19
30
No par
-No par
No par
——
27%
Jun
28% July
22% Mar
24
No
6%-
July
19% Jan
.
Corp
preferred™
Preferred
Jan
13% July
47% Jan
Machines—-
l:
Jan
70%. July
37%
29% Jan
International Harvester—
3.200
183
*138
*29%
16
1%
No
Iriterchemical
4% %
9
6
Aug
2
No
Int Business
111%
*25%
Feb
85
1000
Co
Interlake Iron..
i4d
*95%'-
Steel
Intercont'l Rubber.
140
.*116%
63
A
A
9,800
*109
*120
102
Jun
18% Aug
3
Apr
—100
2,100
139%
43
23
45
100
4%
1,400
i
111%
.
25
Inspiration Cons Copper
20
I'* 109 ' "
/' •ISO M?
Jan
100
Rayon..
27%
6%
36%
31%
41%
41%"
,125
; 125 -
26%
42%
137
42
25%
155
■: 18%
,
.
35%
36%
138
*123%
126
144
',!*41%
May
13%
47% July
Jan
42
20
'
6%
6%
41%
♦125%
42%
18%
103
41
■'? *122%
*151
39
14
24% Sep
Insuranshares Ctfs Inc
:
89%
88%
27
91%.
.
6%.
32%: 33
102% 103
102%
101%
:
.46
27%
6%
35%
*45
27
91%
,
*136%
"
25%: 26%
25%.: : 26%
*89%
£ 6%
36%
;
:v
26%
136%
33%
103
42%
182
..6%
32%
18%
40%
6%
36%
102%
27%
183
183
.
27%
136%
18%
*25%
198%
89%
88%
89%
5%
32%
103%
■>;
26
48% Sep
42
44
20
$4,50 preferred
Inland
1,400
11%
200
Dec
1
Ingersoll-Rand
6% preferred
2,600
7%
7
19%
60% Jun
Co
ctfs series
Industrial
15,800
51
199
lines
800
107%
11%.
11%
Jan
No par
RR
Central
i
9%
*9
51
13%
2
preferred series A
500
,
14%
107%
7
26%
.
91%
*6%
18%
40%
7
198%
183
36%
32%
46
5%
27%'
*89%
*■ *102%
*45
,
136%
♦136
100%
1
6%
35%
-
,
33
100"%
5%
27%
5%
*
26%.
26%
*89%
89
9%
50%
108
Aug 27
30
100
Indianapolis Power ft Lt
1,200
.,
100
14%
14%
11%
198
182:
<:
100
50%
11%
r
90%183
124%
108
7%
11%
6%
*171
93%
15
1
6
5%
26%
90
*181%
124
124
*9
•
50
198
-
55%
104%
14%
107%
*7
7
11%
198
55
98%
9%
50
*107
,.t
197%
.90
182%
182%
'■
7
*9
«
11%
11%
196
195
;
91
I
182%
9%
50
108%
{i
♦107%
7%
7
7%
11%.
50
50
109
*107%
124
Illinois
5,100
104
*171
14%
28%
28%
>
55
*103%
100
14%
14%
•9
9%
*9
*49
49%
109
124
100
33
104
55
55%
*171
101
29
28%
103
124
124%
*
14%
.
55%
103
104
100
,*9%
■
125
14%
*107%
•>y
*103
98
14%
55%
55%
55
104
♦171
*97%
9L
28%
*124
126
*171 >:'
.
28%
55
104
•124
28%
*103
55%
•103
28%
■28%
17% Jan
2
Idaho Power Co
1,600
37
35%
28
Nov
2%
67
28
Sep
21%
—100
No par
preferred
Bay Min & Sm Ltd
68
*31%
47 %
Jan
2
Manhattan
&
non-cum
36
33
Mar
13%
Jan
Hupp Motor Car Corp
83%
Jan
36%
27
11%
5'7o
13,600
*31
20 %
21
21% Sep
Jan
Hudson
53/4
83%
28
53 % Sep
Jan
53/4
31%
29% Feb
7
Feb
6
31%
2
23
Jan
17
Feb
Hudson Motor Car
•
Dec
23%
23% Jan
7%
800
6
Aug
41% Jan
30%
5,100
*82
Dec
25~%
Feb
19%
24
12,600
32
21
Sep
303/4
83
33 Va Sep
45
29 %
83
25
20
29 %
32
July
125
34% Jan
233/4
31
73
Apr
Aug
16% Jan
.
28%
83%
Jan
5
Co
29%
31
63
114
Howe Sound
29
*82%
80% July 16
133 % Aug 20
3,300
233/4
33
Mar
20
29 Va
83
134
18% Apr
3,800
37
Jan
1091/4 July
29%
•"*6%
128
22
23%
37
Jun
July 20
22
2
29%
5%
89
Sep
29
53/4
Feb
Apr
12% Jan
30%
6
Nov
27%
75
100
283/a
53/4
170
Apr
Sep 26
No par
29%
6
Jan
Mar
20%
7.900
5%
18 Va
16
Jan
63%
160
24
Aug
16 Va
5
53/a
15%
25
No par
12.50
No par
Finance
53/4
83%
23% Aug 31
preferred
35 %
*82%
15
Aug
66% Jan
3%%
29
V
37
15
Feb
par
Sep
31% Apr
Houston Light & Power Co—No par
Houston Oil of Texas v t c
25
Household
*66%
*36%
Feb
21% Aug 20
Sep
Dec
22% July
75% Feb
2
283/4
29 Va
5%
16
72
123
Sep
No par
X8%
&
283/4
29%
5 V8
5%
53/a
5%
*15%
138
Common
660
76%
263/4
1023%
,
24%
79
26%
16%
5%
53
23%
24%
26%
78%
44%
*16
28%
24%
X263/4
102%
263/4
79%
15
10
.1
10
Houdailie-Hershey cl A
24%
102
Feb
3
47%
263/4
100
No par
130
(A)
53
102
105
(C E) The
(Del).
52%
♦77%
8
Co
47%
23%
Jan
5
Holly Sugar Corp
Homestake Mining
•
82
Holland Furnace
21
20%
*28
84
183
No
Nov 15
Dauch Paper
name «to
35
35
12
9
2
10
22
8%
112
Mar
20%
Jan
Highest
9 per sharp
Jan
99
19
22% Jan
Corp—
*32
Sep
2 V4
26% Jun 25
,
No par
preferred
conv
263/4
26%
23
100
35
*57
20'/a
': 27%
-
-
,
23 Va
23 Va
23%
79
127'/£
*125
120
10
71 % Apr
170
100
:
6% pfd-5% after
Hershey Chocolate
40
134
*75%
76%
127 Va
Mar 13
25
*
preferred
Motors—
Hercules Powder
200
9 per share
11% Aug 31
Mar 26
20% Jan
1944
Lowest
No pat
W)
<G
non-cum
Hercules
3,000
6
103
15
Year
Highest
9 per share
share
9
Co
Glass
Co.
7%
107
*133
135
*75%
*125
Heime
i
25
Hayes Mfg Corp
Hazel-Atlas
-
29%
*105
105
*133
76%
Hecht
600
82%
9 per
Par
26 %
189
28'/a
Range Since January 1
Lowest
Shares
800
82%
Range for Previous
i
STOCK
YORK
EXCHANGE
26,800
160
26 %
*183
28 %
105
126
126
35
*32
28
NEW
the Week
11%
1193/4
10
*119
82
189
&S
I per share
26%
82
135%
*75%
233/4
26
105
*133%
77
128%
23%
23'/a
23%
24
•23%
135%
*75%
*126
128%
*126
128%
10%
1193/4
*1823/4
283/4
105
106
*133%
77
*75%
76 Va
♦126
135
*133%
134%
*75 V4
-
*103
105
26
189
*28%
29.3/8
10
*118.3/4
83
*82
*182%
189
*1823/4
189
1 per share
•
1193/4
26
25%
83
83
83
84
25%
253/4
253/4
25%
*1823/4
Sep.
Sep. 27
10%
10
1193/4
119%
118%
'
9 per share
share
Sales for
Thursday
Sep. 26
10 V®.^ JO3/#
113%
'
*82
9 per
j
10'/a
118%
119%
>
sep.25
9 per share
.
10%
10
•118%
•
RECORD
STOCKS
LOW AND HIGH SALE PRICES
Wednesday
> Tuesday
Sep* 24
Sep. 22 ."
•"
Monday, October 1, 1945'
THE COMMERCIAL "& FINANCIAL CHRONICLE
1526
30
1073/4
90
Aug
Nov
i Dec
Kt
34%
Nov
Sep
Sep
111
Dec
May
95
May
Jan
Sep 28
July 16
20%
28
Dec
58
Jan
80
Dec
Sep 28.
66 Va
Jan
93
Dec
10%
Jan
20%
Dec
30% May
9
30 % Sep
20
K
*121
29%
121
121%
121
*120
■
30
29%
125
*120
125
>
*120
24 VB
243/e
24%
24%
24%
25
24%
24%
*55 Va
56%
*553/4
563/4
56
56
*55%
56 Vb
*24
25%
♦24
393/4
40%
•39%
30
30
27
243/4
30
♦24
25
40%
40
-40
30
•
30
263/4
27
40%
31%
31%
31%
26%
26 3/4
27
26%
27V4
413/4
41
413/4
413/a
42
*12%
13%
♦12%
133/a
*12 Va
13
83%
83%
83%
83%
*82'/a
83%
*11
41%
28%
28
28 A
28
28
53
53
52%
53
52%
52%
31%'
11%
*11
•41%
43
42%
>
5%:
5%
-
35V4
35%
35
353/8
33
*26%
26%
26%
26%
26%
58
58
13%
60
:
12%
"
3%
3%^'«:
•"
40%
40%
13%
123/4
3% '■% 3%,"
443/4
46
*23
23%
*45
46
23
23
23
23%
23%
233%
•/
66%
653/4
66
>: 93/4
99%
♦22%
23%
9%
23
66
"
*543/4
56%
9%
*553%
*95
97
*95
98
QR
56 V4
51%
31%
For
footnotes
see
-40
40
123/a
1,800
123/a
12,700
'
3%
3%
3%
5,400
*45%
44%
443/4
443/4
45%
2,500
453/4
45%
45
45%
45
45 >
23
23
21
23%
24
65%
95%
..
3
3%
Jan
3
Jan
22
29% Jun
18
6%
Jan
14%
34
Jan
22
59% Jun
18
193/4
Jan
39% Mar
18% Jan
26
25
23% Jan
22
41
22% Jan
9%
8% Jan
28
107
26
185
*185
39
.
*39
56%
1531.
;
39 Va
56
52%
523/4
23%
343/4
23
34%
X31%
26%
31%
31%
31%
27 V*
26%
27
-
343%
*185
186%
56
•39
v
55%
39%
55%
185%
185%
*39%
39%
55%
56%
200
400
1,900
:
:>
20
700
1,000
9
112
Mar
29% Sep
28
28
54%
32
3
5'
108%
22
6
35% July 27
37
Jan 24
108%
pec
27%
Nov
10 %
Oct
Dec
7
31%
Jan
37%
NOV
26
Apr
X31%
Dec
38
Apr
49~%
Dec
8
Jan
12%
Oct
21
Apr
31%
Dec
4 V4
Jan
8 Va
Dec
44% May
2
6%
preferred
Corp (The).
conv-
Lehman
Jan
12
Jan
4
16% Jun
261
24
40% Sep
19
6% Jan 30
17 Va Jun
18'
22
-
IV4
Jan
2%
Dec
153/a
Feb
39%
Dec
Jun
16
29%
Jan
38%
Dec
18 y*
Jan
2 Va Mar 26
33/4 Jun
50
35% Jan 22
50 % Jun
-——-1
36% Jan 22
47
_
8
8v
--8
20% Jan
3
Jun
(new)—No par
17% Jan
22
24 Vs Sep
28
,17%
Dec
193/4
51% Jan 24
67% Sep
20
42
Jan
53% Aug
6%, Apr
8% July
7% Jan
Libby McNeill & Libby
47% Mar 28
10
,
Sep
7
Jan
2
97% Sep
25
78-
Jan
3
983/4 Sep
Jan
—100
181
32
No par
No par
47% Jan
Mar
5
195 % Apr 25
.
49Va
Dec,
Jan
83%
Jun
Jan
86%
Jun
182,
174%. Jan
.
Nov
'
28
39% Sep
6'
26%
Feb
32%
25
59 % Mar
1
36
Apr
52
Dec
37
Jan
44
Dec
173/4
Nov
22 % May
19%
Jan
30%
Dec
14% Jun
23%
Nov
1,200
Link Belt
41% Jan
22
523/4 Sep
2,700
Lion Oil Refining Co
No par
195/8 Jan
22
24% Feb
7
34
34%
34%
34%
2,100
30 %
32%
313/4
32 Va
18,800
Liquid Carbonic Corp
Lockheed Aircraft Corp
29,700
Loews
No par
1
No.par
Co
Jan
67%
28*
No par
Dec
68 V4
39
57% Aug 27
78
Lily Tulip Cup Corp
Preferred-
>24
2
'
Lima Locomotive Wks
Inc
V 21% Jun
26
Lehn St Fink Prod Corp^—
Corp
62
47
29 Va Jan
52%
27%
Dec
39
23%
26%
34% Jfec
Dec
Feb
Jan
52%
27%
Dqc
273/4
23
26%
Oct
Dec.
Jan
23
X223/4
78 Va
Jan
6%
Sep
52%
52%
23%
9%
Feb
20
423/4 Jun
4
12
7
26
523/4
:
186
>
34% Jan
1
Aug
Jun
Sep
7
Life Savers Corp——
——8
Liggett ft Myers tobacco
28
>> Series B—...»....u.—28
-
Aug
Mar 26
8% Apr
Libbey Owens Ford Glass—No par
98%
90
25
2,100
97>/4
15% Jun
15
72% May 14
3
12
14,200
56%
42
20;
93/4
>
31% Mar
Sep
66
96%
Dec
53% Sep 24
8
7% Feb
9%
*55%
Dec
32% Aug 17
24
27
65%
•96
Jun
373/8
Jan
36% Sep
93/4
96%
19%
Jun
5
65 3/4
97
Jan
19%
3
Lerner Stores
56%
Jun
13%
12
400
96%
Dec
Aug
243/4
293/4
4% Apr
3,700
*95%
X26
12
42
243/4 Sep
-
24 y8
*55%
Jan
Sep 28
27% Sep
31% Jan
Co_
23%
96%
20 Va
Feb
Jan
Feb
Dec
383/8 Jan
(The)—
23%
9%
23
100
Lambert Co
23%
66
13%
17
20
7
No par
Bryant
No par
Lee Rubber ft Tltfr—d,.——r9
Lehigh Coal <fe Navigation Co.—10
Lehigh Portland Cement-—
23
Lehigh Valley RR
—50
No par
Lehigh Valley Coal—..
Gas Lt
Laclede
24
93/8
Sep
Sep 12
31% Sep 28
124
Dec
22% Mar 10
Lane
23
"66
117
Mar 26
35% Jan 124
-No par
Keystone Steel & Wire Co—No par
Kimberly-Clark Corp
No par
Kinney (G R) Co:_~_—
—-1
$5 prior preferred:——No par
Koppers Co Inc
10
A%% preferred
—IOO
Kresge (S S) Co
!—;
10
Kresge Dept Stores
;
1
Kress (S H> Ss Co
tNo par
Kroger Grocery Ac Bak——No par
•
1,000
124
18% Jan .2
Kennecott Copper.
x23%
23
*
35
page
12%
45%
52%
.
27 Va
34%
.
40
12%
-3
97%
185
32%
27
v;
40
40%
13 Yb
343/4
23 Vb
34%
"900
55%
39
27%
700
36,600
96%
*56
32 %
1,300
14%
14%.
55%
56%
313/4
38,700
61%
*59%
♦95%
39V8
34%
3,500
A
98%
186%
26%
143/8
700
26%
56%
56
51%
603/4
100
.
353/8
26%
97%
*39
*23
603/4
-14%
3,800
6
53/4
35%
-
56%
♦185
23
5%
97%
98%:
56%
52
14%
433/4
96%
:
97
98V»
62
:
Jan
13
■
186%
39 %
23
35
123/4
3'/4
41% '41%
44
433/4
26%
12%
45%
41
26%
62
200
iiy8
35
14%
2,300
107%
28%
26%
53/4
!40
11 Va
5%:
35
35
*26
12%
3%.
46 -rV-Y
51
>
100
28 3/4
43
41
1,300
12%
11%
43%
."•
3,100
83%
313/4
*
428%
-
.5%
.
14%
:
*u
413/4-
62
45%
56%
,
28%
11%
41%
42%
5%P
%
.
283/4
-
62
45%.
39
*11
14%
,
46
"185
107%
40%
'
46% " v
66%
107% 1073/4
31%
108
28%
14%
*45%
93/,
*82%
313/a-
40
*45%
23%
653/4
*12
13%
40%
123/s
60
12%
83%
31%
40
13%
40
42%
35
12%
*82%
31%
31%
42
*26
13%
83%
*107%
;
28%
11%
42
5%
5%
*12%
*82%
,
32%
108
28%
41%
42%
53/4
28
53%
108
283/4
1,000
21% Aug
Apr
20
117
L of ser B
City Southern
Kansas
3
16%
10
No par
No par
4% non-cum preferred—
100
Kaufmann Dept Stores
1
Kayser (Julius) & Co
s
S
Kelsey Hayes Wh'l conv cl A
1
81 Furn
Kan City P St
.1,900
27,400
-
28 5
42
41%
42%
:
31%
53%
108 Va
♦11
12
-
273/4
V
323/8
32 Vs
700
400
31
53%
28%
200
40%
41%
273/4
♦108
25%
*393/*
30%
52%
28%
*24%
26%
r-
27%
32 Va
24%
40%
27
52%
108
24%
39%
56
413/4
28
28 Va
55%
*55
263/4
41%
8,700
25
39%
523/s
32 Va
20
24%
30 %
27 Va'
108
X55
24
41%
"
27
403/4
>
40%
24%
39%
*24
*
125
23%
35"
Sep 21.
29 % Jan
2
19 V2 Jan
31
31% Sep
12
25 % Aug
10
32% Sep
20
v
Dec
t'vV
„;K
* Number
.Volume; 162
THE COMMERCIAL & FINANCIAL
4425
wwV-"<w44'<iAyM-v'»,'
Wiv-yty' (•" v vi^W.I i -\
CHRONICLE
NEW YORK STOCK RECORD
Saturday 1
Sep.22
,
Sep.24
•
9 pttr share
t per snare
65%
65%
23
23%
•22%
*54
54%
66
f per shara
65%
651/2
$ per
*65
65%
22%
23%
22%
22%
221%
53
52%
521%
52
27
27%
27
27%
27%
53%
27%
171
172 %
'171
173%
172%
172%
26%
271/a
171
26%
5»V4
i>c 72
17%
17
171/4
16 5/8
33%
33%
33%
*33
*i5i
25%
26%
*25%
26 %
58%
58 %
5o%
1)9-/a
16%
16%
57%
16%
17
17%
33%
*
,
26%
NEW YORK
the Week
---
share
23 / / 23
Shares
2,200
600
Lorillard
140
J
*253/4
26%
i>a.
5O-/4
ts*7a
17
17
17%
12,600
34
*33
;
5,500
.
34%
*34
34%
8153
154%
*153
154%
59%
40 %
81C7 %
59%
59%
'23%
25
21
*107%
154%
*153
154%
59 %
*59
59%
41%
25%
25%
21%
Lukens
25%
20%
_9%
~97/a
9%
19%
17%
17 »/2
*17
171/a
*17
17%
29%
2b %
2b */2
*28
29
*28
29%
4%
4%
x4%
4%
*4%
4%
4%
4%
9
9%
9J/2
91/a
9%
8%
9%
171/4
*16%
17i/a
17%
29%
29 3/a
'16%
^29 %
9
*16%
17%
9%
91/4
17
29 Va
29
291/4
29
29%
110%
*107
1101/2
*107
109%
27%
27%
9%
19%
19%
19%
19%
19%
19%
48 Va
48%
48%
49
49%
49
34%
33%
33%
33%
33%
33%
'34
26 'A
*185
105 %
42 "A
105%
11%
'48
*111
43%
*23%
*113
190
*185
42%
106
*43
23%
*112%
114
23%
*112%
12
11%
493/4
*111
44%
24%
4%'
2,700
9
9
91/a
17%
•
*17
29 3/a
17%
293/a
275/a
27%
19
20%
48%
483/4
34%
*33%
34%
26 3/a
4,000
26 3/a
25%
26
190
187
187
43
43
42
42
105%
105%
11%
46
*45
23%
*113
233/4
24
1,400
McCrory Stores Corp
5% conv preferred
39 J/2
40
40
40%
40
40
39%
40%
*393/4
40 3/a
800
24'A
24%
241/4
24%
24%
243/4
243/4
25 %
253/a
253/a
1,900
McGraw-Hill Pub Co
58%
57 J/2
57%
58%
58%
59
60%
60
60
60
60
1,300
Mcintyre Porcupine Mines
34%
34%
33'/a
34%
34
34%
34
345%
34
343/a
34%
345/a
3,800
'113
*27 %
18%
*104 J/4
105
19%
116
'113
116
27%
104 «/4
104 »/2
19%
19'/4
191/4
*113
*27%
18 J/2
*18 J/8
1041/2
191/4
28
27 J/2
18%
*1041/4
19%
18%
*113
116
181/8
18%
108
*106
108
104
*103'A
104
*45 %
47
45
46'/a
45%
46%
45%
24%
24%
24 J/2
24 »/2
24%
24 3/4
24%
243/4
*73%
35%
75%
*73 J/2
75
73%
73%
35%
35%
35%
36%
363/4
*47%
49
48
48
48i/4
108 %
109
109
*108%
*103%
108
*106
Jun
104
' Jan
143/4. Jun
14
*103%
74
Dec
16
Dec
243/4
Oct
24
6%
Jan
12%
Jan
*
*108%
9%
9%
9%
27%
27%
*27%
45
65 %
3
45'/4
159'/2
159
159
65%
65
65
44%
45%
17
17%
17%
3%
51%
52
52
52%
*1031/4
104
22
30% Jun
243A Jun
20
Mar 26
49% Sep
35 % Sep
273/a Feb
16
Deo
Jan
25%
Dec
4%
Jan
37%
25
13
May
16%
28
21
20
Apr
5
4
22'A Aug 21
12
May 17
195
34% July 17
43
1041/2 Sep
8a/4 Jan
4
15
40 3A Jan
51
•
27'A Jan
19% Jan
Sep
46
Sep
29
25
110
170
61
16
27
253A Sep 10.
14
6
47
24.
Apr
6
343/4 Sep
21
par
104
Sep
5
13% Jan
25
45%
45%
1,300
24%
24%
24%
4,900
Mengel Co
733/4
74
74
383/4
39
403/4
41
-49 "
109
50
10
10
11,400
28
27'%
27%
27%
275/a
*44
*1571/2
44%
163/4
31/4
.
*3%
3%
51%
51%
163/4
1121/2
*110
112%
*110
112%
*110
*109
111
*109
112
*109
112
*109
112
*109
111
*108
109
10%
114%
109
109
IO1/4
10
10%
*109
109
10
10%
1103/4
*109
*10°'
*10S
10
.116
6,300
>
800
2,000
52
*110,,.: 112%
1103/4
10
*114
10'/a
17%
26
113%
26
26
*113%
26
*114
116
116
48*
50
10%
5,000
9%
26%
26%
116
10
-No par
26%
26
26%
4% preferred series D
Minn Mollne Power Impl
$6.50
2,700
Mission
Corp
15%
15'/a
15%
16
143/4
151/4
143/4
15
14%
15%
47,900
37%
37
41
373/4
393/4
375/a
38%
38 3/a
393/a
36,000
49%
381/2
49%
38%
50%
49
49
*49'/4
493/4
49
49
49
49
500
Mohawk
293/4
29%
29%
293%
300
Monarch
IO31/2
600
Monsanto
*29%
29%
105
*102
29%
104%
29%
*102%
104%
1041/4
*112%
114
*112
29%
114
111
29%
*114%
114%
114%
115
*107%
109
107 >/2
107 '/2
68%
*44
112%
104
*102
103
112
*1101/2
113
102
*110%
*114%
115
114%
114%
*114%
115
*1141/2
*107%
1081/4
*107'/4
1083/4
*107%
109
1073/a
68%
693/4
44J/2
*44
44%
103
69
68%
69 %
*29%
*110%
*29%
44%
44 %
68%
*443/4
69
68 3/a
68%
46
45
45
68 3/a
46
20
113
40
115
107 3/a
40
69 %
7,900
300
46
38%
39
39%
40
40%
41
39%
393/4
*39
393/4
*39%
40
880
38%
38%
39'A
39'/4
40
41
39'%
39%
39
39
*391/2
40
1,110
31
31%
31%
313/4
313/a
31%
3.1%
31%
x313/a
313/a
2,200
28%
28%
28%
283/4
28%
28%
*28%
283/4
29
2,400
42
42
42%
42%
*30%
31
28%
28%
*41 %
42%
*42
43
16%
16%
16
16
*104%
105%
105
*33%
34%
110%
*111
17
.
16%
*41%
163/a
IO51/2
*105
34 >/2
*34
15%
106%
34%
*33 '/2
110%
111
111
113
112 J/2
112 J/2
*110
17
34%
113
171/4
*105
18
17
17%
112%
43
16%
153/4
106%
*105%
106%
*105%
341%
34%
*34%
34%
15
16
115
117
*113%
*112
112%
113
112%
112 3/4
17%
18%
17%
18 3/a
60
*57
60
*57
60
*57
593/4
*57
400
42%
163/a
2,900
106%
120
35%
200
115
116
h
*58
29
*413/4
59 %
115
*111
113
50
18
18,300
175/a
1/64
*57
1,100
h
55,300
Mo-Kan-Texas RR
7%
preferred series A—
Carpet Mills
$4.50
Mach
Tool
Chemical Co_—
Preferred series
$4 preferred
,109
109%
108%
7%
109%
22%
5%
4%% preferred
Murray Corp of America
Nov
8%
Jan
16%
Dec
Oct
37
Mar
Sep 28
27
Jan
•
Jun
29
107
Dec
/
25
6
Apr
8% July
23%
Sep
28% July
27%
Jan
-
116%
Jan
j
Mar
160
,
6
18
5
July 2
52% Sep, 24
,114
r
5
Max 13
111% Apr 24
55%
2%
Jan
31% Mar
8
173/4
Feb
21
Jun
28
119
Apr
2
113
Dec
9%
111
Oct
Jun
23% July
'
6%
Dec
Jan
8%
13
8
1043/4 Sep
Nov
2%
18
18
116
C
Dec
Dec
112
Sep
Jan
2
;
114
107
6%
Feb
Dec
/ 46
113
03%
33
Dec
108% May
19
Oct
19%
y
Oct
23
Sep
Aug
144%
Mar
11% Jun
52
Dec
;
39
.
36% Apr
119% Jun
163/4 Jun
Dec
107
58% May
Oct
1%
Aug
38
Apr
105
Deo
39
Jan
12%
; 22% Jun
113% Jan
; »
46
74% July 11
49% Jun
Jan
18%
Dec
.Jan
39%
Jun
29
103/4
;
Sep
,
y 25 ;
88%
Oct
74% Apr
1113/4 May
117
Jan
114
119%
Sep
Nov
113
107% Jan
Oct
Aug
Jun
11
70% Sep
19
41%
Apr
53%, Nov
Jun
9
35%
Jan
42
47
443/4 Jun
21
44% Jun
42% Sep
11
a
35%
Oct
Dec
21
32
,21% Jan
24% Jun
15% Jan
May 17
29
6
13
Jan 5
1/64 Sep 28
53
Jan 5
No par
Sep
94
25
31% Apr 24
463/e Sep 28
r
Sep 28
103/4
Jan
26%
27
Apr
Jan
106% Sep
18
4%
72 ; Jan
34 % Sep
26
20
Sep 26
Jan
4
70
vMay
110
Nov
25 %
117
115
193% Jun
20
"
k
87/a Jan
Dec
10%
,
Dec
333/4
,
Aug
16% Sep 21
109 % Jun 21
Rights
100
10% Sep
x82% Feb 15
.—10
.
9
111
i
Sep 25
July 26
i
12
Sep
49
v
9% Jan
6
97 Vs Mar 27
22
Jan
8
1
No par
—No par
No par
100
Murphy Co (G C)
38 %
31% Jan
Mulllns Mfg Co class B—
Munsingwear Inc
Apr
32% Jan 23
1
$7 preferred
31%
34% Aug 21
213A Jan 20
23% Mar 27
No par
5
Co
19
Sep
75
106 3A July 26
47"% Jan 23
41
Mar 26
Certificates of deposit—
Dec
13
Jan
Jan-
79% Jan
B—...No par
Oct
Dec
19% July
16% Aug*
Jan
45% May
f,
4
May 21
Aug 7
Mar 26
Jan
4
Jan
2
Jan 22
111
8
3
2
111
113
series C_.—No par
Brass
May
Sep
70
Jan
25% Jan
Montgomery Ward & Co.—-No par
Morrell (John) & Co
No par
Morris & Essex
—50
Mueller
Aug 20
103
82.
16'/a Jan 22
No par
—10
Motor Products Corp—
Motor Wheel Corp
24
Jan
3
Mar 24
36
No par
preferred ser A
21
13%
25% Sep 20
16
23
Dec
Feb
21
47
i
l3/4 Mar 27
100
20
Myers (F E) & Bro
59
13
3
Nov
104%
10
Sep
8
103% July 27
*42% Mar 26
.100
1
No par
-10
No par
preferred
14%
*49%
53 '
Class B vtc
—No par
Minn-Honeywell Regulator
4-3
4% conv pfd ^Ories B
.100
4%% preferred series C—-i.100
36
.
26
137
Minn St P & SS M A vtc—No par
26%
16%
26%
'
v.
400
116
5
—
*
113%
Jan
106% May
7% Jan
25% Aug
35
Jan
37
.
_100
Minneapolis & St Louis Ry—No par
700
,
31/4
3
513/4
M
50
66
-
Petroleum
Midland Steel Products
8% cum 1st preferred
1,000
159
64
Copper.
5
100
22
Dec
553/4 July
;
28%
14
18% Sep
Jun
,21% May
07
Apr
106
3
Jan
3
14% Mar 10
54% Jan
3
' 33 Ye Mar 10
No par
Mid-Continent
3,500
46 3/a
*1571%
65
17
17
3%
45'%
159
65
Miami
Jan
9
28% Sep
,
12
35
1
50
Mesta Machine Co
Metropolitan Edison 3.90% pfd
10
65
(The)
1st preferred
1,300;
109
441/2
conv
94
—1
Merch & Min Trans Co
9%
'110
10
49
*1081%
483/4
5%
250
98% Jan
par
No par
1,300
•
17% Jan
3
12% Mar 27
No
Melville Shoe Corp
483/4
1591/2
10
$5.50 pfd ser B w w
,
1093A Jan 24
Co
Mar
19 % Sep 20!
114
Aug 29
Oct
21
Mar
,
Deo
112% Apr
a 32%
Oct
Apr
Feb
61% Mar
July
29%
Feb
2
—100
series A
!
Jan
109%
2
—No par
preferred
44
110%
•19% Jan
26
Jun 27
% Sep 27
108
Nov
11% July
4% Mar
25
1
Mfg.
24%' Dec
32% Mar
Jan
40
Jun
176%
Mar
30% Jan
•■i
Sep
29
106% Mar
24% May 18
,115
Aug 13
12
51% May
27
Aug 27
114
Aug 14
/
25% May
19% May
107% Jun 23
13 % May 29
19
110 >
Sep
r
52
——
46%
112%
*111
$6
Aug
8'A Jun
13% Apr
6;
28
18aAJan
30% Sep
18
Mead Corp
1,000
—
preferred
McQuay-Norris
108
*110
*107%
18
*106
104
*1081%
17
51%
300
10
*62%
31/4
27%
109
441/2
*158
18
31/4
*3'%
3
52
483/4
9%
27%
10%
28 »/a
*63
17
*51
27%
109
109
159 J/2
159 %
17
9%
*44 >/4
45%
159 %
*62%
9%
27%
*173/4
60
5%
4
2% Jan
19% Jan
No
Jun
10 %
No par
5
Co
73
38%
*48
18
114
Stores
24%
"
48%
27%
McLellan
108
*45
743/4
*38
27%
700
*103%
104
*
%
*111%
400
19
19
Oct
Dec
391
Feb
1
105
1041/4
19 v
22%
•315 / ' Jan
Feb
110% Jun
176'A Jan
1
100
McGraw. Elec Co_
McKesson & Robbins Inc
$4 preferred
*106
108
104
is 1
17%
45%
*106
114
"
18%
*106
19
114
27%
*103%
105
19
116
*27%
28
*104%
Dec
38"% May
108% Dec
x26% Aug
°
19%
Nov
48
Apr
9% Sep
16
27% Jan
•
>
25%
105
Deo
148
Jan
6%
22
40
par
w w
39%
104 %
30
Feb
34%
183/4
9% Mar 26
"
par
.'
*39
*19%
Oct
10%
21% Jan
par
No
—
*57%
*
24%
Jan
19
19
181/4 Jan
—No par
No par
*24%
*
Deo
165
25% Apr
-135
13
Sep
15% Apr
109
No par
McCall Corp—
114
/
5
preferred
2,400.
233/4
'
par
100
$6 1st cum preferred—;
,
20
17%' Sep
7a/8 Mar .9
par
No
Maytag Co_—'
$3 preferred
20
Sep
10% Jun
2
1
45
*113
114.
No
No
Mathieson Alkali Wks
1% preferred
Department Stores
600
35/s Jan
1
Elec Co
$3.75
Dec
20% July
Apr
30% Sep
4
53/8 July 13
20
100
Co
45
45%
•*23%
114
L)
111
-
—-No
!
111
113
Jan
100
prior pfd
May
2,300
49%
(Glenn
Master
380
12
49%
Ry 6%
Martin-Parry Corp..;
Masonite Corp
30
X470
5
preferred
Martin
1,300 '
106
113/4
11%
491/4
491/4
*111
105%
St
Dec
•
16% Deo
;44
'
Market
300
53
v
;
Jan
20%
25 % Sep 26
'■>1 22% Jan
2
7
14
24
1
Jun
I
Corp
Marshall Field & Co
1,900
*185
Midland
3
25
Mar
110
7% May 3
■
Jan 17
1
No
par
...5
4%%
28
Co
'.
IO91/4
151
12
Mar 28
17
Marine
7,000;
16% Feb
May 29
60% Sep
41% Sep
24
425
Maiacaibo Oil Exploration
90
303/4
*107
1091/4
19
49%
23%
*113
4%
*331/2
113
44%
114
4%
30,500'
7:
Jan
,Jan
17%
;
11
155
16
Jan
10
Bros
*
Feb
8%
per share
28
34% Sep
.3
Jan
" 106%
50
;
Manhattan Shirt
483/4
12%
49%
113
Mandel
100
19
105%
43%
23%
24
105'/4
49%
43%
114
105%
*111
Sugar
400 '
4,900
4,000
42%
12
12%
113
Maiiati
17%
48%
190
42%
3,500
40%
28
,9
21
Jun
17% Sep
47% Jan
2
311/4 Jan 22
No par
Copper
Mahoning Coal RR Co
29% 1
27%
263/a
26%
*185
~9%;
Square Garden
Magma
17%
17
33%
42%
Madison
—
*28%
29%
193/4
1051/4
49%
*48%
26%
190
500
2,400
28 3A Jan
147
par
No per
100
pfd series A
8%
-49
42%
106
*111
43%
*185
421/4
11%
12%
49%
113
26%
26%
26%
26%
190
41%
273/4
28%
243/4-
60
Mar 27
13% Aug 21'
•
.10
No
Macy (R H) Co Inc
4% %
■
52
.100
I
Inc
4%
273/4^
19%
48'/8
28
2,400
Trucks
4"-r 183
July; 5
27% Mar 1
2
Jail
* / 23% Jart
;
Sep 24
'
\
Forbes
A
17%
*107
27%
——lu
preferred
Mack
"
203/4;
*9%
—J.
29%
17%
*28
*107
27%
40%
110
20%
"9%
9%
6%
800
*475
'
MacAndrews
—
24%
*475
'28%
'107
"9%
40%
50
M
591/4^
*109
20 3/a
21
'17%
'9%
41
No par
;
Co
Steel
'166
Hlfheoft
$ per share
233A Sep 19
55% Sep 20
27% Aug 30
2
Louisville & Nashville
.
200
;
154%
591/4
110
*24%
25%
251/4
*450
*151
593/a
401%
*109
110
*20%
*450
154%
59%
411/4
41%
*108
110
20%
25
20%
*450
'450
40%
40J/2
110
20%
25
'20%
*107%
59%
59%
40%
40%
lltf
*153
34
18% Jan
10
.100
Louisville Gas & El A
900-
66
20
7%'preferred
Lowest
•
• per share
6
40 % Feb
Year 1044
Highest
28
15% Jan
—23
Co—
(P)
Jan
SO
No .par
Biscuit.!-
:
*34
No par
Lon&jpell Lumber
Loose-Wiles
3,600-
.
iftar Cement Corp
A
;
Lone
3,600r
1
BtDft far rrnbu
RanffeStSUI Tsnury 1
Lowest
^/ I per share
/
r
:f.v
'
171
"'v/.;'
STOCK
* EXCHANGE
.
(■'
'
53
26%
171
20%
Sales for
V 66
*52
263/4
*253/4
5b'/2
26%
57%
•
171
26%
25%
;
52
26%
171
171
65
'
23
/
Friday
S per
653/4
23
:
."v'-Sep. SS
-
share
.■
54
54
'
■■
-•Sep. 27-
Sep. 26
^
* per snare
65 %
*64%
-
<
STOCKS"
Thursday
Wednesday
Tuesday v:,/
Sep. 25
}
"
tOW AND HIGH BAH PRICES
Monday
1527
j
Oct
100
Oct
24% July
84
Nov
.
.
1163/4
Feb
14% Aug
A Sep 27
61
Aug 29
43%
Jan
63%
Oct
N
20%
20%
20%
20%
20%
21%
43%
44
44
45%
46%
46%
*28
23%
.
21
25,700
45%
46
330
Chatt
Nashville
Louis.
Co
.100
35% Jan
20% Jan
2
28 J/a
28J/4
28%
28%
28
283/a
2,000
National
24
23%
24%
24%
243/4
23%
24
9,400
National Airlines
1
4,100-
Nat Automotive Fibres
1
15%
*19%
29%
Acme
Inc
Corp
15%
15%
15%
15%
153/4
20%
19%
19%
20%
20%
20%
20%
2,700
National
Aviation
29%
29 J/2
29%
29%
30%
30%
30%
14,400
National
*181J/2
190
186
*181%
186
*182
184
200
13% Jan 24
23% Mar 26
Jan
5
.—5
24%
24%
24%
24%
24%
*24%
251/4
400
16%
16%
16%
16%
16%
I61/2
16%
16%.
8,200
38%
38%
38%
38%
38%
39%
39%
40
5,800
Nat
18%
18%
18%
18%
18%
19 3/a
193/a
19%
4.500
National Container—
20% Jan
—10
No par
;
1
15%
15%
16
16
15%
16
15%
15%
2,900
National Cylinder G»s Co.
32%
32%
32J/4
32%
32%
323/4
313/4
32%
28
271/2
28J/4
28%
28%
28%
29%
6,900
9,800
Nat Dairy
27%
<©19%
Dec
30 % Sep
25
Sep
17% Jan
15%
24%
24
13
28
181
21
16% Sep; 14
233/4 Aug
14 3/a Deo
I
Products
2
33% Sep
25%
«
,
113A May
19y
f
5
243/4 Dec
12 3/a Mar 14
12
12%
'11%
44%
45%
45%
45%
45%
45%
6,300
Nat Distillers Products
No par
35 3/8 Jan
22
46 VSep
28
45%
45%
45%
45%
*453/a
453/4
300
Nat Enam & Stamning
No par
37
Jan
2
20%
21
20%
21%
21%
213/4
1
13
Jan
4
46% Sep
213/4 Sep
14
24
Jun
20
103
32%
*178
103
104
32%
104
32%
180
180
*152
154
*152
18
18
32%
180
18
154
18%
104
32%
180
*152
18%
21
104%
104%
14,500
21%
154
104%
150
323/4
331/4
9,400
179%
33%
180
179%
180
153%
20
20%
3,500
*152
19%
19%
30%
30
30%
30%
31
*30%
31%
*36%
37%
36 >/2
36%
*36 >/4
37
*36%
37
12%
12%
12%
12%
12'/8
?2%
12%
12 3%
76%
76%
75%
75%
75%
753/4
753/4
76%
30%
27%
27
27%
27%
2,000
500
33,500
2,100
3,500
27%
27
27 J/a
17%
18
17%
18
18
18%
173/4
18
5,400
29
29%
29
29
29
29'/4
29%
29%
2,100
103%
103 %
103
103%
103
103
103%
1,270
104
104
104
104
104
104
20%
27%
r
12
20%
42%
106
42%
*106%
108
2,800
11%
2,300
Natomas
193/4
1,400
Nehi Corp
*85
108
43%
*42%
♦105 "
108
90
108
*85
'<
*408
43%
108
„
*-
200
10
For footnotes
see
-■
7.
38
37%
t
-
37%
1531.
page
:
'
37%
109%
20
37%
3,600
■'
y-'-v/i: :.y
'A
■■■
'
No par
—--1
serial preferred—100
Nelsner Bros Inc.
4%%
conv
(J J)
—No par
New Jersey Pr & Lt Co 4% pfd_100
Newmont Mining Corp__
10
Newberry Co
90
——Pa1
Co
<
65
.
25%
181
23
34
28
28
7%
70
Jan
Feb
W% July
30% Mar
105
Jun
14
79%
Feb
65
17
105
10% Jan
3
Jan
/
Jan
22
103
Fib
6
66
Jan
4
Jin
4
105%
32
Aug 20
Do©
11
83%
Jan
98% D JO
6
5%
Jan
113/4 Nov
12% Feb
/
Jun
22 3/a Mar
3
30
Dec
ll3/4
15
15% Mar 26
Jun
July
24% Nov
92% Jan
>103/a
Dec
Jun
77% Sep
8
28% Sep 28
19% Jun
1
97% Jan
:
Deo
33 % Mar 16
>
26% July 26
'
Jun
22% July
26
Sep 25
12% Sep
Apr
159
7
37% Jun
/
22% Aug
15
May
Dec
14% July
Deo
20% Sep
31
Jan
Ref Co__
(The) Pa
preferred
40
5%% prior conv preferred—-100
6%
prior preferred
100
National Tea Co
—10
20%
/
7% Jan
conv
11%
108
371/2
33
National Supply
19%
90
*106 'A
37%
-4
No par
—25
No par
10
Corp
National Steel
20%
*42
Sep 28
4
16% Jan
152
Cast Co..—No par
National Sugar
11%
■
37%
& St'l
Nat Mall
37
1043/4
192
163
Mar
37% May
33% Sep 25
May 5
2
„
19
Jan
National Power & Lt
$2
Jan
Sep
21
National Oil Products Co
20
*105
24
177
^
11%
43'/4
*85
90
preferred
preferred A
6% preferred B
-.100
National Linen Service Corp._w— 1
7%
20
106
203/4
$4.50 conv
108
Xl01% Aug 17
National Lead Co—
12
*42
*105
20%
220
104
Gypsum Co
National
201/4
11%
*191/2
106
*82%
20%
20
20%
12
20%
103
*103%
-
Dec
29 % Sej
20% July 17
*11%
12%
Dec
40*
Sep 26
19% Sep 26
6
12%
*113/4
Dec
17% Apr
34
4
46
12%
Dec
Dec
Dec
9
44%
441/4
y
Jan
12% Mar
13
*45%
*11%
■
13% July
25
Apr
2
313A Apr
National Dept Stores—
preferred
28
24% Jan
Cash Register—
6%
Dec
Jun
192
e
23
13% Jan
Nat
National Can Corp—
20%
7
223/4 Jun 27
,
182
7% preferred
Bond & Share Corp—No par
24%
7
16% Sep
9% Mar 26
Biscuit Co
16
21
29
16% Mar 27
.
17% July
41% Dec
7
Jun
29% Sep
54
23
1
& St.
22% May
15% Jan 20
0
Corp
Nash-Kelvlnator
28%
15%
*181%
20%
24
20% Sep
10
27
108% Mar 12
43 % Sep
9
Mar
11 %
July
13%
Jan
18% July
22
Jan
32 %
105%
Deo
Oct
96%
Jan
6
56
Jan
68
U)V
28
393/4 Feb 28
104
Deo
106
Dee
Apr
35
Deo
85
Sep
108*% Apr
27%
JHE COMMERCIAL' & FINANCIAL CHRONICLE
1528
YORK STOCK!RECORD
NEW
LOW
f
f per there
"
29
•no
29
55
55
55 %
543%
28%
28%
29%
28%
28
54%
54%
129%
129%
129%
34
34
132
133
30%
4,500
Newport Industries
18%
7,800
Newport News Ship & Dry
200
55%
1,600
285/a
83,000
1,200
N Y Chic & St. Louis Co
preferred series A
N Y City Omnibus Corp
28 3/B
28
52%
52%
*51%
128%
128%
127%
127%
343/8
34%
34%
343/8
*22%
24
*22%
24
*22%
24
*22%
24
53
*49
53
*51
55
*51
54
*250
300
*250
103
103
*250
?
17%
17%
102%
17%
47%
47%
103
*47
•102
103
•247 %
249%
•119
122
17%
249%
249%
*119
263/4
26s/8
26%
26%
26%
122
*119
122
*119
122
*119
255
102%
103
18
2,600
48
*47
48
254
154%
*119
122
263/4
26 5/«
100
1,020
27%
*543i
55
5434
54 34
54 Si
5431
*55
55%
"55
55%
600
6%
56%
56%
56%
56%
*56%
563/4
*56%
563/4
*56%
563/4
200
11%
11%
11%
11%
11%
11%
113/4
11%
123/8
14,800
*108%
29
•45
"
11
11
55
14%
29%
110%
*110%
110%
111
Northern Pacific Ry
Northern States Pow $5
30
44%
45
52
52%
140
Northwestern
*10%
11
*103/4
11
11
11
400
Norwalk Tire & Rubber
55
*53 %
55
*53%
55
*53%
55
14%
109 %
110%
*109%
111
.18
14%
14%
75% Jun
15
19ye
16
8
25% Jun
23
41
Mar 26
57
Mar 26
250
21
14% Aug 21
37% Jan
219
118
19% Jan
Preferred
14%
143/4
14%
700
Norwich Pharmacal Co
9% Jan
20
105% Jan
9
173/4 Jan
111%
>109%
111%
200
Ohio
Jun
Jan
14%
44'%
198%
23%
Dec
47%
Sep
Jan
Jan
218
Dec
2
116%
Jun
122%
Dec
Mar
27% Sep
28
58% Feb
2
23
59
353/8 Jun
26
116% Mar
July 6
263/4 Mar 27
3
47% Jun
56
Oct
54%
Dec
7% Jun
11%
100
Jan
112
Jan
Mar 17
28
17%
Dec
1153/4
Apr
31%
Feb
4%
22%
Jan
&
Dec
,50%
Jan
37%
Oct
Dec
106
Jan
xl3%
55
2
Dec
Jan
Jun
52% Aug 17
11% Jun
1
Apr 11
193/4
IS3/* Jan
52
51%
July 31
14% July 2
HO3/* Jun 26
110
12% Jan
18% July
Dec
Jan
Jan
Jan
30%
129
33%
31
50
Dec
Dec
193%
16
6% Jan
293/4
27.
6
533/4 Jan
No par
50
2.59
Dec
Dec
22-
124
Aug 17
46
353/4
473/4 Sep
2
53 3% Jan
50
Telegraph
5
Dec
Dec
118
Jan
11%
9
Sep
July
18%
109
255% Sep
20
Jan
July
24%
105% July 23
24% Mar 14.
102 % Sep
22
62;Jan
39 V* Jan
2
Jan
/
Jun
148
2
17
No par
45
52%
14%
28 5/s Jan
pfd-No par
Airlines
Northwest
45
52%
2,000
22
Jan
50
100
Northern Central Ry Co
70
28,800
40
lf%
14%
14%
283/e
11
*53%
55
*53%
•53 %
•14%
*109%
28%
XllO%
Jan
32
25
26
32% Jun
103% Jan 23
1
American Aviation
North
53%
45%
23%
10
*52
46
11
11
109%
28
29%
111%
Jan
55% Sep
22
50
-50
preferred series
preferred series
53%
*52
11
52%
53
111%
111%
45%
*52
28%
12
12
109
111
*109
29%
*111
45%
44%
46%
•52
29%
29%
111%
*111
111%
•110%
111
*108%
111
28%
15%
21% Jan
par
5%%
111
50% Aug
No par
North American Co
22,000
26%
55%
56%
11%
Apr
Y SLtpbldg Corp
26%
28%
35%
Mar 22
45
N Y Power & Light
N
•5411
•1C8%
Jan
3.90% pfd—lGO
part stk
1
Noblitt-Sparks Industries.;
3
Norfolk & Western Ry
100
Adjust 4% non-cum pfd
100
370
173/4
17%
122
26%
Jan
Co
NY & Harlem RR
•56%
26%
Apr
13
97
19% Jun
162
preferred
$5 noh-cum
*250
"
255%
*465/8
255
1%V*
26
No par
No
York Dock
New
54
Highest
t per thin
share
per
110% July 18
No par
No par
6%
$
Xl6% Aug 14
109
Jan
9
1
Dock—1
No par
Central-
York
New
24
*51
103
17%
54
*22%
,
--
103
17%
47%
*46%
251%
251%
248%
103
17%
48
*47
48
*250
102 3/4
17%
17%
'
.
$ per than
30% Sep 28
100
55
1944
Lowest
25
18 3/« Jan
100
1,500
1,100
543%
$5 conv pi eferred
New York Air Brake
Year
Highest
f per than
Par
110%
*49
,
'A ""
29%
24
•250
"'!/
8hare»
18%
*110
53
•22%
'••48
Range Since January 1
Lowest
<;
18%
*53
34%
Retire for Previous
•
STOCK
YORK
EXCHANGE
29%
54
34%
34%
34
NEW
the Week
f per than
UQ%
273/4
gales fat
-
Sep. 28
132
♦52%
54
54
129%
34%
33%
18%
29
27%
53 r
27%
53%
•128
-28%
543%
54
110
Friday
*110
110 -
110%
53%
53
18%
18%
♦110
110%
*110
t
f per man
29%
18®/e
29
29%
18%
18%
STOCKS
A
Thursday
Sep. 27
*
» per man
f per man
29
f
18%
18%
110%
7
Sep. 25
thar«
par
29
29
7:18%
;
Sep. 24
Sep. 22
frices
Wednesday
Sep. 26
T"esdav
Monday
f
gatard**
mOW Sauk
AND
Monday, October 1,1945
Dec
July
7
Jun
16
40%
Jan
53
Oct
143/4 Jun
18
12% May
16
Jan
111% Mar
7
20% Feb 28
104% Nov
109
Dec
153%
20 Ye Mar
30% May
8
113% Mar 14
23% Nov
28%
Oct
Dec
108%
Oct
Apr
113/4 July
108
Dec
3
O
111
109%
109%
17%
29%
108%
18%
17%
173/4
18
17%
18
13,300
Ohio
30
29%
295/e
283/4
29%
9ft
29%
13,200
109%
108%
109%
109%
109%
*1085/8
110
108%
108%
810
13%
13%
14%
135/8
14
133/4
133/4
5,300
11114%
114%
115
14
14
21%
21%
21%
114%
21%
31%
31%
31%
32%
315/8
115
160
-
115
>155
160
*155
•25
26%
*25%'
84
*80
26%
26%
•79
82
70
70
15%
1.5%
65%
65%
•28%
29%
j'
153/e
14%
.
i
,
21
31%
31%
1593/8
1595/8
10
*154
26
5/«
70
27
*26
27
*78
155/8
-67%
1,000
68%
140
283/4
29
293/4
30
40%
40"% *
40%
403/4
40%
403/4
405/«
40%
54
-
54
53%
54%
54%
54%
543/4
543/4
543/4
543/4
55
55
60%
61
*61%
613/4
613/4
65
64
64
64
64%
*62
65
*138%
140
137%
*1703/4
171
*1703/4
•138
140
•171
."<7*4 7 7%
19%
-31%:
8%
213/4
v.:
7%
20%
15 £
107%
8%
^ *73
i *70
?
•
109 %
36
it 36 %
40%
■
24%
24%
9%
20%
25
'•
13
13
8%
«
<
'
8%
8%
t
*86
*23%
114
.38%
39
(36%
$
36%
7
8%
*
;r-
29%
*28%
*
■
"■
108%
*107%
8%'
11
28
28%
28
28%
27%
-V
.
28%
107%
27%
*116%
119%
*19
*119
109%
•19%
i
106%
7
126
313/4
*106 i
79%
9%
'•95%
95J/2
•::-;i9%
19%
83%
201
*107
'
63
11%
11
27,700
11
5%
29%
700
29%
*106
*8%
*11
24%
315/s
66 %
66 %
66%
111%
112
66%
111%
1123/4
27
27%
27s/8
28
*116%
107%
320
83/4
Pet
600
27
119%
27
27%
OO
283/4
119%
*116%
14
38
38
69
693/4
X68%
1093/a
1093/a
*108%
*108%
13%
14%
*108%
*19%
1093/8
22%
21%
*20
118%
*115
118%
*115
48
493a
48
48%
49
49
38%
120
5
!
85 r
20
20
*19%
32%
*19%
*313/4
113
Apr
6
30
100
5
106% Jan
5
108
2
1
1
.--25
50
9% Jan
2
27%
$6
28
1,800
14%
2,800
2,700
109 3/8
100
48%
19
20
495/a
3,600
19
100
*34 %
32%
200
106
X1053/4
IO534
50
126 /
*119
126
*119
126
126
126
10
7
6%
6%
82%
80
63/a
80
81%
-95/8
95 %
9%
*95%
95%
95%
95%
19%
193/8
19%
19%
19%
9%
9%
93/4
*95
19%
*
6%
63/8
80
*79'%
9%
-
9%
6%
9,800
81
2,300
93%
7,100
98%
95%
95%
30
>19%
19%
19%
700
Phoenix
Pitts
C
Pittsburgh Coal of
6%
Coke
$5 conv
&
Dec
10%
Jan
19%
Dec
54%
Jan
96
Dec
333/4
Jan
65%
23% Mar
Dec
28Va July
105%
107 %
Nov
7
28
Oct
Sep
9%
Jan
Apr
71
Dec
26%
Dec
3
Jun
59%
Dec
88%
Jan
108%
Dec
May
21%
Jan
23% May
26%
Oct
Apr
119%
Oct
July
273/8 Sep
28% Apr
Aug 22
122
16
Apr
19
22
16
117
19
July 17
313/4 Mar 27
40
May
74
24%
7
Jan
37~
July
Sep
1073/4 Sep
13
113
Apr
6
213/4 Jun
8
11
143/8 Jan
20
111
120
Mar 29
44% Jan
Mar
Mar
55
2
11%
x98
8
Jan
23
Jan
2
126
5% Aug 21
68
94
Aug 21
Mar
14 %
July
Feb
28
July
108
Dec
23%
2
5
jan
8%
1
61
Jan
92%
Dec
10 3/8
Nov
90
Nov
19
7%
15
96% Aug
7
68 3/4
Apr
Feb
31
20
5
8% Mar 26
10% Feb
85% Jan
153/4 Jan
Nov
Apr
//Sep 28
8% Jan
16% July
117
105% Nov
32
July 10
108% Feb 28
118% Aug 20
Jan
48% July
9
21% Aug 27
25
Feb
Sep
42 Va
6
11
105% July 26
No par
1
preferred-*
Pittsburgh Porglngs Co
Dec
26»/8
Feb
58% July 24
Chemical Co—No par
173/4
Dec
49%
—100
—100
Pa
preferred—
Pitts
Dec
Jan
20%
100
Louis RR
70%
5%
40%
123/4 Aug 21
1
mm
Jan
Jan
28
No par
_—
C & St
Jan
183/4 Dec
112 "Jan
114% July. 10
2
—25
preferred
$4
25
117
Aug
28
6 8 3/4
2
No par
—-J00
5
31% Sep
2
par
Dec
17% July
25 % Sep
25
Jan
Dec
X70% Nov
11% July 20
23
21% Jan
5
Hosierv.
Pillsbury Mills Inc
„
57
Jan
106% Jan
No par
100
No par
preferred—
Phillips Petroleum
7%
106
32%
——
Phillips Jones Corp
106
*313/4
preferred
4%
21%
93/4 Feb
19 % Aug 20
25
par
—3
5
100
Jhllco
Corp
Philip Morris & CO Ltd-
119%
:
preference com
preferred
... —
Phila & Read Coal & Iron
18,100
383/a
*20
No
com
4.4%
69
*117
21%
Electric Co.
$1
119%
No
preferred—
Phila
10,700
106
39
Co
(Chas) & Co Inc
8
24%
Dec
Nov
22%
Mar 22
Jan
of America
113
Feb
55
May 29
2nd preferred
Pfeiffer Brewing
220
106%
63/4
80 %
26
Dec
Jun
Mar
21%
25
—No par
Milk Co
Jan
25% Mar
11
116% Jun
Pfizer
38 %
A *119
117% Jun
Phelps-Dodge
Corp
Philadelphia Co 6% preferred
70%
32
92 % Jan
2
11,600
113
2
59%
16
18
19% Jan
20a/4
Apr
Jan
Dec
Dec
8% July
Apr
37%
10,
19
25,200
570
.Sep
433/8 Jun
Jan
25%
653/4
29
July 27
Jan
2%
Apr
110 Va Mar
18
21
Feb
2%
19
63
31%
X65%
23 % Jun
100
Petroleum Corp
900
6
31% Aug
23%
9%
19
23
Apr
13%
29
Jan
Apr
933/4 Feb
18
145/e Jan
69
.
37% July
51%
20
Jan
40
30
Sep
4s/b
23
39% Apr
68% Sep
18
303/8 Jan
33 %c
100
100
31%
1123/4
*116%
11%
Apr
Jan
,
15%
40% May 29
33% Aug 21
37% Mar 28
—100
preferred
4'/4%
5
May
Jun
113
109
1%
May 28
91
Dec
July
61
Jan
,
18 %
25
26% Mar 19
3
¥%
Jan
26 5/s
8% Aug 14
Mar 26
Jan
243/8
,1
66% ;
*273%
♦195
8%
113/4
120
i;
•
206
8%
113/4..
7*110
*195
*195
*200
/
*200 %
83%
*201
205
8 3/a
8%
8 3/s
IP/4
12
113/4
113/4
113%
11 3%
32
323/4
16%
17
99
*98
21
21 »/4
295/8
163/4
99%
21
29%
*98
20%
•21
*107
343/4
•196
*20lC7
8%
32
*196
%195
205
8a/a
32%
120
34%
*196
16%
*97
21%
34%
"
"
16%
99
*107
173/4
99
20%
21%
29
30
29
19%
19%
*19%
19%
23%
23%
61%
62
613/4
63
23
23%
223/4
23%
107%
106%
108
107%
108 Va
107%
108%
115%
114%
1153/4
114%
1153/4
1X4%
115
v
62
*87%
*33
120
110%
*97
203%
10
7%
950
5%
60
33
34%
"17%
173%
•97
99
21%
*273%
*273%
7 '< 19
30
185/8
21%
19
19%
233/4
233/8
23%
22%
23 5/s
W& 62%
62%
61%
62
61 %
61%
23
225/8
23%
223/4
233%":v
Dec
May
11%
Jan
17
Dec
164%
120%
1203/4
1203/4
120%
120%
121
121 -I/
120%
121
135
134'/4
135
135
135%
136%
136%
136
136
7
1st
.
pr
68
18%
13,600
90
21%
30
19%
3,200
:
'
200
2,100
100
100
1
.—100
——.5
Young & Ash pfd--,.
Plttston Co. (The)
Preferred
—
Plymouth Oil Co
Pond
Poor
Creek
&
Co
Pocahontas
class
B
23%
11,000
Pressed
Steel Car
61%
61%
2,600
Procter
&
23%
v
99'
pfd—-100
class B_
class A
Pittsburgh & West Va
23%
10,600
106 34
820
$5
115
•
No par
100
100
Pitts
99
1153%
570
6%
*120
121
660
A." 1%
136
136
210
8 %
Pub
Co Inc
Gamble
Serv Corp
of N J
preferred
preferred
preferred—
preferred
205% July
2
Jan
6% Jf).n
8% Jan
-No par
conv
ser
190
.
preferred
preferred
5% %
106%
108VB
120%
1531.
1,400
& Chic Ry——100
100
23%
■
7 114%, 115%
134%
page
33
*196
19%
see
110%
preferred.
Pittsburgh Steel Co
88
23%
1063%
2,100
64
19%
225/«
12
7%
Pitts Screw & Bolt—
88
233/4
/;
10,300
62%
23%
:.
10
83%
89
*196
,—17%
Pitts Ft Wayne
205
623%
19%
footnotes
700
11
24
63%
■
700
14
*19%
Jan
Pere Marquette Ry
2,000
87
8%
30%
273/a
•106
-
19'
Jan
23%
271'
19
173/e Jun
2
4
62
50
10
5
100
2%
130% Sep 14
38% July
2
10
par
Co
112
107%
24%
87%
:
Pepsi-Cola
72
9
No par
—No par
100
19% July
45'
24 % Mar 12
5
21% Jan
6% Aug
Feb
103
27% Feb 28
11% Aug 23
112
Sep
35
10% Jun
Mar
Dec
3% Jan
45% Mar
5
33/8 Jun 20
5
Jan
Sep
73/4 July
17%
8 3/4
Sep .28
8
6 3/4 Mar
106
—No
163
July 26
39 :
18% Aug 21
Co_.
Co
5% prior preferred
13%
19%
'
59
*86
31%
623/4
:
27%
110
27% Mar 26
No par
Corp
Jan
6
Aug 31
Sep 19
Sep
6
9
75
1073/4 Sep 21
21% Jan
Cement
149 *
Dec
34% July 17
108
•
16
Jan
2.50
*110
112-
24%
87%
For
27%
28%
31
87%
115%
283/b
25%
64
*107
28
313%,
120
30
*106
8%
;
••<
28%
107%
633/8
*29
800
900
8%
•32
:
87
22%
*106%
87%
17
*86
300
21
107'%
63 3/4
•
1,600
373/4
56
No par
_10
preferred—
Pennsylvania RR
Pennsylvania Salt Mfg Co
Peoples Drug Stores Inc
Peoples G L & Coke (Chic)
Peoria & Eastern Ry Co
9,000
39
21
29%
86
16%
111%
863/4
*28%
84%
21
39%
*37
_
;
J.
Glass Sand
£>ec
30
173/4 Mar
l
5%
39
39
373/4
28% Jun
22
$7 conv pref ser A
lis
39
39%
29%
633/4
99
*112
115
2
31
24
Penn
123%
Feb
2% Jan
Penn-Dlxie
100
200
*115
201
*107
*196
4,700
85
24%
69%
313/4
113/4
a
8%
*81
373/4
106%
8%
t
800
*24
70%
'
120
\'
7,500
13%
87
29%
86%
63
8
33%
Apr
Jan
323/4 Jan
(J C)
117%
43/8
'29% Feb
Penney
Dec
123/4
No par
Penn-Central Airlines Corp
1
Penn Coal & Coke Corp
10
400
42 3A
Aug 17
5% Jan
1
Ford
Dec
Jan
23% Sep 18
7% Aug 28
13% Jan
Dec
25%
10
16% Mar 26
255/8
35 Va
175
No par
&
23
Jan
48
3
i
Davis & Co
Jun
Sep
Apr
48%
Jan
3
par
Inc———
Consolidated
Utah
18
14%
•
17% Jan
Jan
8
Mines—1
Tilford
&
Penick
125%
Pictures
Sep
Jun
393/4
30
Sep 28
Sep 25
Mar
6
'
*84%
■'<
65
Parmelee Transportation.
Patino Mines & Enterprises
5,800
24%
*20
7.:-;;
26
55
64
13
Jan
Sep
Dec
Jan
171
Mar
183
Apr
190
Aug
' ' -teV
201
8% fc 8%
♦11%
12
Paramount
23,800
70%
"-S
13%
*108%
*195'
*200
*68%
125%
8%
No
Parker Rust Proof Co
383%
9%
A
3,000
5,200
14%
22
*19%
**
26%
95/8
21% (
14
1093/8
*95%
*195
Parke
70%
9%
-
Park
38 3/B
;
118%
49
6%
82%
9%
v
Park
93%
90
27,3/4 ..?73/4
119%
126
*119
-
6%/>; .'V
6%
£■
483/4
19%
31%
*31%
♦106
1,800
33
*88
*116%
71
*115
3
42% Jun
3
139
Sep
75%
-
Jan
8%
39
'16% Jan
Inc—
4,000
13%
91
11
27
14%
38%
68%
t:49w;i.{S
49
7*
13%
38%
32% Apr
2
38 % Mar 27
\—.—100
preferred.
conv
12,800
34
83/4
1113/4
7 *20
4%
4
.
653/8
.
27%
*27
111%
*89%
11
27% 4 A
22
86 3/4
*20
28
111%
27%
273/4
119%
27%
91
8%
27
109%
♦20
28%
111
111%; 111%
•108%
38%
87
28%
107 %
27% p: *'■
*115
393/8
39
90%
•
653/4
653/4
A;
*112
20
*64%
72%
115
20
31%
14
*112
245/e
*85%
,1. 245/8
38%
;•
8
*83
24%
873/8
25%
72%
85
21
31%
14
8%
8
85
*233/4
20
24%
38%
8 3/8
245/8
33%
*13%
39
31
<■'
13%
*37
11
11
118
34
13%
38%
65%
27%
33%
37%
111
•:
24
Jan
29% Apr 26
Inc—.—
21
Jan
106% Sep 18
4% Mar 20
3%
21-
1253/4
38
30%
*116%
125%
37%
24%
■
127%
373/4
/
29% '
••
28
3
Dec
24% Aug
157
Feb
10%
17
68% Sep
34% Jan
Ref————1
it
33%
26
9%
127%
Cos
Parafflne
*
•
15% Sep
15% Mar
—100
•
40%
3
70%
383/4
89
28 %
2
48
Jan
55%
28
9
Pipe Line—No par
East
preferred
39
33%
~
21%
*68%
39%
*
111
•
111%
25%
9%
21
705/8
133/B
109%
200
'
9%
21%
34%
114
3%
33%
*68%
70%
73
■'
4%
40%
40%
25%
26%
93/8
a
Panhandle Prod,
11,700
383/e
-
3
Panhandle
5,000
83/4'
*1063/4
109%
33
38
24%
27%
40
39 %
30%
•111
r
3%;
34
21
73
73
37%.
*37
28%
8%
11
*1073/4
33'/41
107%
;
8%
83/4
'
283/4
107%
?| 8%
3fv
26
265/8
^ !
*72
873/8
27%
;■! Hi
90%
109
:
*106
107%
"
■X-
19%
28
112
90%
73,A
*
8%
,
32%
323/8
32
*106
-
8%
■
Sep
20
24•
Pan American Airways Corp
2%
Pan-Amer Petrol & Transp———5
3
90
*233/4
*112
88
19%
28%
28%
*109%
77
37%
*87
600
33%
34%
129
13%
383/4 f
383/4
*37
19%
28%
■
<
87%
*86%
28
.
Packard Motor Car——
64,100
14
13% Jan
No par
38,900
♦72
10%
*85
•r.
39 3%
39%
*38
•19
114
•109
7T
83%
6
Sep
11% Jan
45% Mar
■
;
7%
8 3/4
21%
:33%
243/8
♦109
82
2
160% Jan
Corp—
14%'
32%
26%
89%
24%
Jan
-100
Western Oil
Pacific
195/« '■
107%
203/4
8%
89
Jan
—1
10
preferred———
Pacific Tin Consol'd Corp
14%
32
;
v'!,
•23%
6%
<
19%
40%
''!■'* 127
13
♦86
20
1,200
r;7%
*106
8%
73 c;
3%
*68%
13
*
8,100
223/4
73/e
323/8
9%
'
64
7
121 % Jan
15
107%
:
33%
28% Jun
Feb
Telep & Teleg——---100
19%
41%
333/4
-
129
Pacific
7%
73/8
363/«
3
33%
110
19%
.*1073/4
9%
•127
May
par
*14%
363/8
70
34 V V
<
No
193/4
109%
20%
129
Mills
143/4
7%
36 i
41%
£■
26%
•
147
—25
:
19%
/
."
*1073/4
-
9%
*69
34
;
.
,
*72
3
70
*68%
,
8%
„
'f,
20%
9%
20%
•127
32%
34
Pacific
Electric
&
*14%
.
15%
41%
2%
34
■V
73/8
20 V*
*106
;
36%
40%
3
34%
Gas
171
8
223/4
7
143/a
Apr
164% Jun
Lighting Corp——No par
♦1703/4
8%
22%
18
26
Jan
•
.
193/4
109%
36 -.a
40%
2%
33%
.
*107%
i
Pacific
Pacific
171
8
22%
25
9
—10
Co—
460
*1703/4
8%
Coast
1,500
1,600
171
223/4
22
58
preferred non-cum
No par
2nd preferred non-cum___No par
15,600
138%
8%
*143/4
.
•/.
73
'
Jun
32% Sep
•22% Jan 30
1st
30%
403/8
*136%
22%
1
99% Aug
23
2
74
403/4
30%
40%
138%
8%
Pacific
1
8%
July 31
118 *
4
105
5
23% Jan
12.50
Co
16% Mar
13% Jan 22
155
8%'
30%
*136%
22%
7%
-i:
8% i ;-a
8%
■
1
x39%
v.
138%
8%
"
•107%
■:
.
32%
•106%
8%
30%
22%
V).
73/e kI
■
19%
14% - A *14%
31%
31% ■«, A
*106%, 107 %
•70
v
8%
<,t
20
•
A
171
4
21%
.
22%.,
<14%
:
140
*-171
8%
•21 %
28%
*138
172
?
8%
t
■>: 28%
Glass
Pacific Amer Fisheries too
800
15%
673/4 '
•'
15%
15%
155/8
67 %
-
No
Owens-Illinois
2,000
2
par
Mfg
Co
Outlet
3
11% Jan
107 '
Jan
100
2.50
preferred
Outboard Marine &
600
71
70
15%
15%
v
6%
24
1063/8 Jan
No par
Otis Elevator
82^-
70%
15%
15
67%
150
1,000
82
*80
153/4
15
*66
160
24% Jan
Oliver Corp.
12,000
70%
*15%
15%
66%
21
313/4
82
*70
15
06 %
.
21%
31%
26s/«
*80
70%
115
21
160
26s/8
26%
143/8
653/4
65
,
*154
82
69%
153/4
*15%
'A' 14%
14% *
♦14%
*80
70
69%
*21
160
115
21%
31%
114%
*114%
21%
Oil CO
12
16% Aug 20
No par
4%% convertible preferred—100
Omnibus Corp (The)
—6
8% conv preferred A
100
Oppenheim Collins
10
'31%
•155
107% Jan
No par
18
29%
13%
•114%. 115
31%
100
pfd
18%
30%
108
13%
•21
4.40%
Co
17%
109%
13 %;
*109%
Edison
29%
18
29%
,
*
111
'
9
Feb
19
43/4
Jan
6%'July
125/s Sep
10
6%
Apr
95/s July
9
4
-
2
>
82
'
21
198
Feb
9
12% Jan
Jan
57s/8 May
6
Jun
9
11% Jan
175
Nov
198
18% Sep
19
74% Jan
27
17% Jan
o
Dec
61a4
26
91
2
Jun<
100%
Sep
Jun
433/4 Jun
20
Jan
Sep
45
110% Sep 28
693/4 Jun' 26
Mar 10
49% Mar 27
2
99
69
Dec
,22-% Aug
175
Nov
14%
Oct
83%
Nov
16%
Jan
8%
24
May
Sep
19%
30
29% Sep
3
8% Jan
28
Aug 28
25% Apr
73
Apt
May
13% Dec
11%
Apr
19% July
25
No par
,-24% Jan
No par
1
No par
12% Jan
.8
20% Sep
7
16 5/8 Jan
22
24% Sep
19
18%
Dec
55
Mar 27
:/:/-65:v;y Sep
8
52% May
59 '
July
17
Jan
2
Jun
21
13 %
18%
Dec
102% Feb
106% Jan
2
87%
Jan
18%
Dec
30
96
Jan
1093/8
Oct
Jan
4
123% May
9
104%
Jan
113%
Nov
121% Jan
3
138% May
3
113%
Jan
122 %
Dec
:—No par
No par
100
—100
100
110
16
V
26
109% May
xll7
Jun
14
.
Jan
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4425
162
LOW AMD HIGH SALS PRICES
STOCKS
NEW YORK STOCK
'
Monday
Sstnrdsy
4
.r:.-: Tuesday
Sep.24
Sep. 'Z'i
$ per share
:
C per
share
Sep.26
9 per. share
her
79
11374
11374
•1137a
114%
59%
5872
' 5974
58%
597a
19 Ve
19 Ve
19
19
1974
19
111%
11174
*11174
"10772
1087a
1 *11174 112
4
•107%
28%
17
108%
29
114%'11474
per
', 58 %
w
'
t per share
ehare,
'
Range for Previews
Range Since January 1
^EXCHANGE
Lowest
Shares
1143/4 1143/4
58%* 59
"
59
Highest
9 per share
•I r 8,300
197a
;: 13.800
1974
197a
111%
*11174
1117a
*111%
10874
*10374
1087a
*108 74
108 72
2874
29%
28%
29
16%
16%
*16%
17
197»
111%
10874
17
*16%
Sales for
the Week
Sep. 28
*114" "r': 115; V;'
587a
197a
29
29
17
FrMav
Sep. 27
.
I
share
58%
19
V-
*28%
*11174
V-
1117a
1087a
?'
1087a
16%
I per share
no
d%
(The;
preferred
5%
conv
17
par
.100
preferred
Purity Bakeries
400
11374 Sep 20
4774 Jan 22
No par
300
167a
No par
Pure oil
1,003
17
pfd $5
Pullman Inc.
.300
29
17
Pub Ser El to Gas
.140
■
f per
No
Quaker 8tate Oil Ref Corp.
Jan
20
59% Sep
5
21
7
118
24
Mar
110% July 17
115% Apr
106
__109
Corp
Jan
~
4
109% July
3
2974 Sep
May
237a Jan
par
■IS
Year 1944
Lowest
Highest
~ .mv
'
113%
58%
*113
Thnrsdav
Wednesday
Sep. 25
1529
share
I per there
113% Nov
37% Jan
14%
9
109%
5
103
20
119%
18
Mar
Jan
115y4 Nov
Jan
19%
1087a
Dec
Jan
24%
Oct
10S >eb;.i6;/'^fi3%;:Jaa;
15% Jan2S:/?v
Feb
527, July
Sep
16% Aug
j
R
1574
15%
fS7a
153/4
88
15%
89
89
89
89
10%
10%
103/4
10%
10374
1033/4
10374
10474
105
15%
'
*87
10 7B
*103 7a
104
11047a
105
397a
39%
22
15%
15
153/a
1574
15%
39,700
8974
1174
*883/«
8974
8872
'88%
400
107a
1174
117a
117a
1027a
10%
103%
155/a
*88%
1035/a
1037a
103%
1037a
12
Radio
6%
2,290
1057a
1057a
560
3974
-
39%
393/4
3934
'=:
383/4
38 3%
387a
383/4
900
Raybestos Manhattan
22
21%
22%
21%
2274
2174
217a
21% •23
367a
253/8
37
37
37
3774
2,200
247a
25
243/4
25
4,300
*10474
105
1043/4
*104
*39
40
104%
105
.
10,100
36%
36%
367b
36%
3634
363/4
367a
24%
25
2574
25%
257a
457a
24%
*45%
*45 7a
467a
*45
463/8
*45 7a •'•46%
43
427i
*42
43%
*42
44
*42% ./ 44
1C0
2i7a
*21
217a
*106
213/4
217a
112
.
*78
*104
*104
112
112
797a
*2674
20%
*78
797a
*7874
26%
*2674
26%
26%
21%
*100
207a
110
77
*76 7a
263/4
26%
26%
*26 7a
397a
40
367a
37%
373/4
38%
39
39%
397a
307a
30%
30 S/8
307a
30%
303/4
31
30%
103
*1017a
1013/4
1017a
1017a
*101%
213/4
213/4
♦1017a
21%
103
22
22
21%
107a
267a
107b
1074
22
2274
103/fl
107a
26%
1974
*106 7a
26%
2674
263/4
1103/4
*109
*109 7a
1103/4
197a
193/a
19%
193/i,
*106 7a
1077a
1067a
107
247a
243/4
2474
245/s
108%
1083/4
1093/4
110
1093/4
*19 7b
19%
.
2434
*109
*19%
105/a
10%
2774
107a
*102
213/4
1074
26%
26 5/a
263/a
277a
1103/4
1103/4
1103/4
1103/4
300
19%
197»
195/8
1974
197a
207a
16,100
1067a
1067a
1067a
1067a
1067a
19%
1067a
10672
160
257»
*24 7a
247a
1,300
1083/4
140
110
25
1083/4
193/4
247a
19%
197a
387a
3874
383/s
387a
38%
38 5/a
38
4074
407a
*393/4
407a
407a
4074-
99%
993/8
993/4
997a
407a
997a
997a
1007a
22
2274
22%
2274
223/g
223/s
1083/4
1003/4
22
24%
108%
1097a
223/4
12
127a
127b
12 7b
12
127a
*24
2474
24 7i
247i
24
♦193/a
24
2474
♦108
19%
19%
19%
193/4
193/4
800
38%
37%
38 3%
383/8
8,100
407a
377a
403/4
1017a
1007a
4074
12
40%
101
213/4
127a
12
2474
♦2334
*24
36% Jan
1174 Jan
5,200
700
9,100
29
1.10O
Royal
42
700
Preferred
28%
28%
28 3/a
283/«
41
42
42
42
23%
237a
23%
233/8
23
23%
22%
223/4
227a
22%
227a
22%
2,500
21
21
21
227a
22%
233%
223/4
237a
223/4
23
223/4
237a
19,800
467a
5,800
St
23
6.400
Safeway
4572
4674
*46
44
44%
46%
4472
237a
2374
23%
227a
113%
"
11372
*11374
11374
44%
223/4
237a
*11374
1133/4
23
23
*113%
75%
287a
42
457a
1137a
113/4
*107%
12
117a
12
117a
1174
117a
5374
*117#
53
53%
54
54%
56%
56%
567a
*10672
10872
533A
•1067a
1087a
1067a
xl06%
10972
*5372
1117a
*10672
5472
11174
55
*54
*109%
46
22%
23%
1127a
31%
11174
5374
5374
*54
11172
111
*109
*112
*112
24
24
*874
*112
*112
*8 7a
9
13472
135
*112
*107
.
11%
4,600
10872
100
55
55
700
112
Savage Arms Corp
Schenley Distillers Corp
57a % preferred
Scott Paper Co
$4.50 preferred—
$4 preferred
i.
Seaboard Oil Co of Del
50
•
*112
2372
237a
134%
217a
*22%
2174
217a
217a
10874
*'10674
8
87a
8
*10674
7%
92
*774
■
24
134%
21%
217a
110
1357a
21S/8
*10674
7%
77a
23%
2374
92%
*92%
1974
1972
19%
1974
19
78 7a
77%
*76
773/4
*76
20
*1972
197a
19%
6572
6572
6572
*65%
66
66
67
267a
267a
267a
2674
27%
27
6572
267a
2672
73/s
772
4172
377a
77a
417a
41%
3772
*36%
77a
1678/
167a
46
477a
46
Sharon
24
937a
2,800
19%
5,800
♦76
197a
*6572
27
2774
773/4
67
277*
i
a
8,300
377a
2,000
200
167a
167a
167t
167a
27,900
16%
467a
73/8
47
47
47
47
177a
1774
1774
1774
177a
18%
*173/4
18 "
18
187a
*2374
2374
*2374
*2374
23%
*23%
237a
23%
2374
350
67
*65
66 %
6672
*65%
6772
67
67
66
67
347a
34%
3472
3472
3472
3474
3474
33%
3474
347*
3474
1574
16
1574
157a
1574
157a
16
16
153/4
16
4%
4%
4%
47a
153/4
47#
47a
47a
46
179
243/8
46
*179
179
43/a
24
46%
4672
46
180
23%
237z
23
23
23
46
*179
*65
243/4
467a
337a
33%
33%
3372
337a
3474
207a
207a
20?a
21
21
21%
*21%
50%
50
517a
5172
51
52%
48%
497a
78
78%
180
34%
207a
50
48%
76
*90
177a
•
♦90
93
*90
*90
IVA
6,100
2572
;
463/a
179
South Am Gold & Platinum
2,900
2,200
43/a
South Porto Rico Sugar
3472
3,500
Southern California
22
2,100
Southern Natural Gas Co
51
527a
28,400
Southern Pacific Co
48%
Southern
5174
483/4
47%
77%
17%
49
13,100
78
79
2,500
♦90
7874
93
93
17%
8%
17%
5%
177a
1472
8%
*137a
14
137a
*13
147a
100
99
*86
99
*86
*86
99
*86
99
*86
977a
*39%
407a
3974
*39
403/4
*39%
403/4
*39 7a
407a
337a
874
32%
*71
8%
874
.
3974
8 74
3272
327a
327a
72
7174
7174
*
40%
327a
8%
137a
33
327a
*7072
*70
87a
87a
33%
*70 7a
16%
167a
89
♦707a
337a
717a
33
1
7172
•
89
'
167a
1674
167a
1674
8874
88
8874
88
167a
*46
♦118
83
109
4074
♦1137a
•
88
46%
477a
467a
473/8
119%
1197a
♦118%
11972
477a
8,700
7172
16%
1097a
*109
109 7b
407a
46%
1137a
5%
5%
5%
90
105
106
90
105
114
1137a
574
♦1087a
*113 7a
407a
7
63/4
9074
92
106
106
41
415/a
37%
*75
10972
417a
4074
*
X118
85 ;
.
10972
40%
1137a
407a
114
*82
84
83
83
897a
46%
•'
47
413/4
417a
42
377a
3774
91
♦1177a
118
84
85
1097a
1097a
403/4
41
114
*1137a
7%
7
947a
92
83;
477a
109
400
600
84
340
1097a
41
6,100
114
100
73/a
30,000
96
2,800
109
3,300
108
41%
42
417a "4274
15,200
37
377a
36%
373/8
9,700
28,000
.
613/4
627a
61%
61%
603/8
61
603/4
61
223/4
23
22%
23
227a
23
22%
227a
227a
227/s
7,800
16%
16
1674
153/4
16
16
13,500
*38
38%
,*3874
1674
397a
427t
42
1674
163%
167B
*38%
3974
39
39
*43%
437a
43
4374
427a
1027a
21%
*10274
1027a
*10174
213/4
21%
10272
213/4
*102
217a
237a
223A
237s
2374
2372
23
*20 34
20%
20%
20%
t 2074
163/4
177a
17 7s
1674
297a
16%
28%
29
67
657a
657a
23
28 3/4
*65 7a
*120 7a
6
15
257a
121
121
6
1227a
6
6
1574
157a
157a
2774
26%
273/4
'
*100
32
407b Apr
155
17
104
32 7s
>
104
104
■i?v
3274
3274
*38
40
*38
33
33
*32 7a
;
29 Ve
17%
*118
6
,
^
15
57a
1474
'
102
34
*32
41
*39
.
.34
102
°
3474
3274
40
27%
28
277a
100
21%
233/a
21
65
122
■;
' 1027a
16%
297a
29%
657a
57a
1474
427a
207/b
20%
177a
*647a
*119
2174
78,
39%
:v.
333/4
*38
417a
*102
217a
237a
207a
17
300
„
'42
4,000
102 7a
,
20%
V: 297a
657a
657a
/ 6
157a
287a,
102
33%.
41
*32
34
*118
v6
157a
No
No
No
Standard G & E Co $4 pref—No
prior preferred
$7 prior preferred
Standard Oil of Calif
Standard Oil of Indiana
$6
Standard OU of New Jersey
Oil
Standard
of Ohio
Standard Steel Spring
Starrett
Co
(The)
Sterling Drug Inc
3% preferred
L 8
(new)
Stewart-Warner
Stokley-Van Camp Inc
5%
prior preferred
; /
10,700
37,500
;
122
500
.r:
10
67a
'11,900
157a
18,700
Stone
to
Corp——
Studebaker Corp (The)
Class A
34%
*3872
32
2974
103
353/4
26,100
,
-
;
1,100
4,300
40
32
300
8weetB Co of
4mer
''The)—
9
Dec
18% July
78% July
14% Mar
Jan
Sep
3
3
19
May
24%
,
Apr
23
7 1'
Oct
28%
Apr
'4 77b Dec
35% Sep
3174
16
Dec
,
Dec
Sep
43%
6
13%
Apr
y4 Jun
5
22
Jan
77
Feb
26
18% Jan
23% Jun
64% Deo
35
Mar
;
29%
Feb
257a Sep
x51% Jun
179
Jan
23
7
177a Apr 24
1
5% Feb
,
Apr
31 y4
12
Jan
14% July
5% July
3%
Jan
207a
14
Dec
28%
28
Jan
141
Aug 28
Dec
21% Dec
45% Deo
>
Jan
162
Dec
22%
Apr
26%
Oct
13%
Jan
17 Va
57% Jun 26
23%
Aup
Jan
437b
Dee
527a Jun
20
Jan
34% Dec
Jan
69
Jan
82% Dec
1374 Dec
347a Sep
22
27
Aug 31:
26;
2
2
95
81%
f-
Mar 27
Sep
40% Sep
24
12
36
:
,
/ Jun
75
'
Sep
Jan
Dec
7% Aug
Jan
9
Jun
55
Feb
75
Deo
3 28
May
35
Dec *
14
26»
22% May
36 Ye Jan
20
10.
92 Ve May
6
17% May 29;
9
7
Nov
,■
29% Nov
48
48% Sep
7
1197a Sep
24
110
Jan
Sep 24
57
Dec
79% Nov '
33% Jun
10
Sep
13%
Jan
50% Feb
-
38%'Dec
Sep
107%
1107a Aug 24
28
84
juirst
Jan
4iy8 Sep
2
1117a Jan
2
Jun
16
109% Jun
23
33% Jan
Jan
2
2
.
16
33% July
116
33% Feb
407a Feb
34% Sep
24
667a Jun
Deo
397a July
34% Jan
587a July
18
177b Sep
Deo
Sep
31
25
237a Apr
Sep
4% July
74%
85%
50% Sep
45% Jun 27
39% Jun 28
19% Aug 20
Dec
647a Feb
2% Nov
96
23
78% Jan
38% Jan
110
14
8% Jun
>
115
27% Dec
25
1157a Aug 23
2
2% Jan
6774 Jan
,
7
25
56
Jan
97a Jan
22
34
Aug
34 74
39%
July 26
101% Sep
«
Oct
15%
61% Dec
Fib
35
7
767a
*
V
Apr
10%
19
r
Jan
9% Jan
48% Jan
20% Sep
3774 Jan
No par
2
44
Jun
6%
Jan
1174 July
28%
Jan
37%
Dee
" Sep
20
102% Sep 20
15
11%
Jan
10% Jan
2
24% Sep
19
974
Feb
13% July
18 7« Jan
2
21
25
Feb
19
Dec
Apr
12%
Dec
Apr
207« July
Jun
64
Oct
Jan
128
Oct
16
Jan
22
107/b Jan
1
2
22% Sep
,
24
'187a Jan
'
Aug 13
Sep 24 '
5% Aug 20.
121
10
22
Mar
9
Aug 21
3
79
Jan
25
Jan
31
..12%
May
1097a JUJy 3
58
Jah 20
25
25
10
1
Superheater Co (The)
Superior OH of Calif
Superior Steel Corp
Sutherland Paper Co.
24% July
72
12% Mar 27
No par
"
277a
102
Feb
•11%
767a Jan
•
Jan
Dec
63%
6
1974 Mar
874 Mar 27
47% Jan
No par
No par
cum)
Jan
13
•
21
54 Va Mar
24
57
pfd (47a %
1
20
Aug
Nov
25% May
87a Dec
106% Dec
•
Jun 26.
40%
90 * Sep 19 M: 84
12
18% Sep 25,
9 m Sep
4%
7
5%
15% Mar 1
27 Vb Jan
par
Oil Corp.
Sunshine Mining Co
115
110
24
2'
Feb
Dec
4
Feb
16%
28
41% Sep
377a Sep
20
32
;
-oar
Sunray
Sep
17% Mar
5
77a Jan
97*
109% Dec
457a Nov
Feb
84
May 16
79
22
.
par
Sun Oil Co
Jan
Jan
•
2%
28% May 8
87» Jan 17
4
No par
Webster
.■
20% Sep
•
14
20% Sep
677a Jan
!
/
27
19% Sep
i
22
80
Par
5
100
3
1
20
Dec
Jan
37% Mar
6
Jun
24
2
11% Jan
■
No par
7,000
1,700
307a
65 7«
122
100
Dec
105
19
107a Feb
2
807a Jan
1
—
conv
38%
115%
7
2
Feb
95
Jun
July
27% May
23
23% Sep
3
9
24 y4
% .34% July
Fib
109
114
Dec.
27
Aug
•
Oct
11% July
17%
110% Jan
9% Sep 19
136% Sep 20
9
647a Jan
No par
preferred
Squibb (E R) to Sons
$4 preferred
Standard Brands, Inc
$4.50 preferred
5%
197b
Jan
23
108
32% Jan 22
2
preferred
6,600
227a
17 7«
100
.
237a
293/4
*38%
i-
-
'
Jan
July
Feb
24
Feb
28
Apr 20
267a Jan
100
'
$4.50
Square D Co
1,900
119%
1057a
r
Conv
670
3772
61%
215/g
Spiegel Inc
5,700
3774
60%
*10274
Splcer Mfg Co
100
'
121
5%
4174
373%
167a
883/4
400
;
113
474 Aug
7
20% Aug 20
5
Dec
>
15 Yt
.
"
897a
1053/4
16 3%
8874
16%
8874
preferred
Spencer Kellogg & Sons
Sperry Corp (The)
$5.53
1
57
Aug 28
114% Jun 13
July 23
Aug 21
487a Jan
Apr 11
17% Jan
*
35% July
39% Nov
Jan
8%
13
:'■>
May 15
41% Jan
1
lv
100
May
13
12
May 22
111
29%JUly^27
13%Jan
2
No par
1
No par
No par
1
No par
Spear to Co
•
Apr
Jan
Jan
36
28
56% Sep
J 387a Jan 31
tr ctfs
Sparks Withington
6,300
*13
872
*13%
87a
14
*86
stk
8%
46% Sep 28
237a Apr 17
1157a Mar 9
12% Jun 28
8
No par
100
preferred
Ohio
85%
Jhn
15% Aug
9
22% Jun 22
7.50
Spalding (A G) to Bros Inc
3,900
*13%
to
Dec
14%
No par
Railway
non-cum
Mobile
1674
28
5% Mar 26
29
Edison—
34%
Jan
28'
4
8% Mar
307a Feb
2
14% Aug 22
100
22
*
10
237a Sep
32% Jan
No par
preferred
8%
Dec
Jan
24
1
Southeastern Greyhound Lines
70
22
*90
17%
179
500
1,000
88
5% Apr
17% Jan
Jan
Dec
12 y4 July
Jan
25
59
Iron
21% July
1027a
63
19
Mar
Aug
Jan
21
74
preferred
Smith (A O) Corp
38,300
Apr
29 74 Sep
26
>
16
Jan
427a Sep
23% Sep
7% Sep
$1.20
3472
50
93
177a
18
1774
18
76%
7672
76%
7674
4972
497a
487a
487a
93
.243/4
46%
467a
*179
33%
47a
25
*46 7a
179
179
4%
to
/.
6%
7
24
No par
Steel
16
87
Dec
99% Nov
•
Apr
10
.
18
20
No par
10
Smith & Corona Typewriter-No par
Socony Vacuum Oil Co Inc
15/
Skelly Oil Co
Bloss-Sheffield
.3,200
2374
8%
28
177* Mar 26
No par
23%
X83% Mar.
14
13% Feb
10874 Sep
.
1,300
17%
*23%
Apr
27
127b Mar 27
Oil Corp
14%
2
1372 Jan 23
Sinclair
Dec
2
No par
No par
13
Slmonds Saw A Steel
424
A&r
99% Mar
..
Silver King Coalition Mines—
9
Simmons Co
No par
77*
4174
377a
Feb
Dec
28
16% Jan 22
Shell Union Oil
41
77a
'4174
18
10174 Sep
22% Sep
78
4,200
■n-'
.
21
No par
(W A) Pen Co
28
38% Sep
40% Sep
Mar 27
No par
No par
Sheaffer
160
Nov
Sep 20
21% Mar 6
No par
(Prank G)
18
110
Sharpe & Dohme
$3.50 conv pref ser A
2,200
Feb
.
Jan
Bhattuck
100
193/4
11%
Mar 26
7
1
Steel Corp
20
1077a Aug 23
257a Sep 10
227b Sep 20
177a July 17
No par
$5 conv preferred
90
377*
77a
41
37
•
1,800
*36%
41%
37
1674
46
47
467s
77a
417a
167a
1674
16%
772
4074
*3672
7%*
417a
*36%
8
Dec
Sep
6% Auk
No par
1
$4.50 preferred
Shamrock Oil & Gas
197a
19%
65%
187a
Bervel Inc
10
237a
937a
773/4
20
20
Sears Roebuck to Co
9,800
7%
1974
*7772
20
5,400
110
85y4
19%
8
13674
217a
Jan
33
.—1
Seagrave Corp
800
217a
9372
787a
20
2,200
"jS3/4
*107
73/4
223/4
92%
:
1357a
23
23
93%
24'
83/4
„
110
19%
197a
*77%
237a
87a
23
92
'
24
8%
92
*2274
23
*91
135
24
10874
2174
110
*8
135
134
1357a
21 %
*108
9
9
97a
9
24
-
50%
1117a Sep
20*78 Sep
37
Jan 23
10
1974 July 27
5
11074 July 25
100
87b Mar 27
-—8
41% Aug 21
2.50 •
xl05% Jun 22
100
x42 7a Feb 23
No par
111
Aug 14
No par
108% May 1
No pat
'22y4 Aug 21:
No par
Stores—-
preferred—
2
317a Sep 27
1027a Aug 10
2774 May
1
11% Jun 28
377b Mar 13
—5
Joseph Lead
5%
"
237a
Jacob.:
Dec
155
407a Sep
14% Jan
III
Dec
13
Jan
*■
13
x27
31% Jan
No par
36%
Jan
Jun
82% Jan
15% Jan
10% Jan
1674 Jan
Dec
42% Dec
;
90
137
877a Jan
99% Sep
—
*24% May 23
July
21%
Jan
5%
18
: 34% Dec
Jan
27%
28
167a
(The)
32%
19
/ 27% Sep 28
No par
No par
July
33% Dw
Jan
16
16
11% Jan
.—1
Rustless Iron & Steel Corp
18,000
*
*109
111;.
*112
Ruppert,
140
567a
11%
5672
55
111
1127a
Co
Feb
Jun
7% Aug 20
197b Jan 22
4
1027a Jan
98
12
Feb
45% Jun
50
5
.100
Typewriter-
Ruberoid
12 y4
28
/ 15%
8
.
29 V* Mar 19
3
.-10
Company
734
77a
Jan
24
38% Jun
22
99% Jan
—
Co
Richfield Oil Corp
Ritter
28%
28%
227b Jan
series—
3.60%
Mfg
42
*4174
Jan
287«
3
Roan Antelope Copper Mines..
287a
*4174
Common;
Rheem
42
7%
107%
■l 2374 Jun 21
3
> 1574 Jan
.100
preferredi-i--—
Reynolds Metals Co
—No par
0%% conv preferred
.100
1
Reynolds; 8prind.wM.ww.».M.
,-10
Reynolds (R J) Tob class B
28%
73/4
Jan
22% Jan
8 %•%
29
77a
17
1
2472
77a
1
Jan
5
-25
127a
12
247a
73/4
85%
39% Sep
116% Apr 17
69% July 26
.100
0% conv prior pfd ser
Revere Copper toBrass—No par
427a
77a
.100
Motors, ma—
*28 7b
7%
—5
..
160
127a
July
1057a Sep 28
105 y2 Aug 14
22
Hosiery,
.—1
Republic Aviation Corp..
Republic 8teel Corp_
___No par
3,700
Dec
i 10%
31
3,200
247a
,■
43
2nd preferred- -50
*41%
'
Mar
1st preferred... .-50
403/4
22
80%
Apr
30
non-cum
73/a
8
Jan
non-cum
Silk
10174
22 3/a
227a
Jan
2
19%
;
—1
,
Apr
7%
'
34% Jan
—50
Preferred with warrants
25,500
110%
26
..25
Remington-Rand
Reo
14,000
267a
♦1097a
110
.—1
Inc
-10
3,000
8%
69%
28
Sep
12
Aug 21
Mar 26
4
24
Sep
89
/
July 18
16
16% Sep
;
2
33
Reliance Mfg.
100
2274
10%
.
Jan
103
.100
(Robt) & Co 1st pfd
Reliable Stores Corpw.„M..„No par
5,200
103
21%
107a
1.500*
317a
317a
317a
103
10
407a
40
91
Reis
300
15
7% Mar 26
.100
Preferred
27
307a
217a
80
773/4
1077a
*102
-
4%
4%
Real
2
78% Jan
No par
pfd
$2 preferred
Reading Company,.
80O
217a
110
77
76
357a
*101
*20 7a
20%
*101
787»
*25%
797a
2674
conv
Rayonler
100
*42
*45%
427a
46%
42%
45%
*21
46 3/a
1074 Jan
.100
preferred
Ralston Purina Co 37»%
24%
*42
conv
217a
22%
No par
No par
1
1st preferred
Radio-Keith-Orp* "sum
85,600
1057a
Corp oi Amer
$3.50
22
2
19
17% Sep
30% Sep
28
15%
7%
13%
66
13
54
1277s Mar 24
121
Sep
Sep
19
t
774 Jan
9
Feb
15% Jun
21.
Jan
2974 Sep
28
17% July
Jan
'
25% Dee
Nov
Feb
3«
Dee
Sep
8%
647a
Apr
122% Apr 3
35% Sep 2
37 > Sep 1
36% Aug
3
7% July
10% July
3«
Deo
Jan
20% Sep
THE COMMERCIAI; &
Monday, October 1, 1945
FINANCIAL CHRONICLE
1530
RECORD
NEW YORK STOCK
LOW
SitardtT
Sep. 32
Sep. 25
'•*V". Sep. 24
*;
f per
• per share
SALS PRICES
Wednesday
AND EIGN
Tuesday
Vnltr
share
9 per thara
share
w per
35Va "35%
34%
34%
33%
37
37 Va
36%
->34%
33%
35%
35%
35%
36
36%
10%
10%
10%
107/av
10%
& *10Ma
10%
9%
10%
*9%
*8%
*8%
14%
14%
8%
14%
14%
14%
14%
107%
*107%
107%
53%
52%
53%
7%
7%
7%
34%
35
34
35
34
10%
10%
*9%
10%
8%
*8%
8%
<fc Co
34 Va
3,200
36%
36%
6.600
Syivania Elec Prod's Inc
10%
11 Va
11,500
8%
10%
8%
900
3.000
120
Talcott Tnc (James)
9
Telautograph Corp—,—T
8
'
♦10
'
r:;
14%
52%
52%
7%
7%
*45%
45%
45%
'
53
53
52%
7%
&
*107%
107
107
107
107
8%
7%
7%
45%
20%
3%
8%
14%
14%
14%
14%
107%
107%
107%
52%
107%
53%
15
53
52%
7%
Tennessee
Tennessee Gas
-J
6,200
Texas
Gulf Producing
Texas
Gulf Sulphur—i
20%
7,900
Texas
Pacific Coal & Oil
20 Va
20
15%
3,900
Texas Pacific
16
15%
16
15%
15%
16%
16 Va
16
16
16
19%
15%
20
20
41%
42%
41
42%
22%
21%
21%
21%
21%
21V*
21%
20%
3,900
4,200
Texas Si Pacific Ry
43 %
43%
42
43
42
56%
56%
♦56%
11%
*10%
•
20%
42
21%
22%
21%
56 %
56%
56%
10%
y'
42
42
10%
♦10%
29
*99
100
*56%
12%
12%
J*12%
•14%
15%
'•14%
12%
15 Va
7%
51%
18%
18%
18%
102%
102%
102%
*44%
45%
44%
62
60%
13%
7%
\
62
13%
13%
*50%
51%
23%
7%
•23%
7%
*12%
12%
13
;
29%
*28%
29%
36%
*104
116%
*6%
59%
59%
107%
6%
107%
140
6%
59
107
6%
6,300
50
50%
50%
18%
18%
19
102%
102%
101%
44%
62 Va
44%
44%
44%
63
*62
510
13%
13%
13%
13%
4,300
52
53
50%
52%
52
53 %
4,700
23
23
23
23
23%
23%
300
23 Va
8
77/a
8Va
28,900
*108%
108%
108
109%
13
37%
105
116%
23 %
38 J/a
38
38%
*104
105%
11
11
11
*116
117
117
10%
23%
23%
5,900
3,000
;
117
*116
117
39%
105%
11%
22%
23 Va
22%
190
124
preferred
—
No par
No par
No Par
No par
Film Corp
Cen Fox
20th
preferred
$4.50 prior pfd
Twin City Rapid Transit
2nd preferred
$1,50
100
.
1
Coach Co
23%
6,800
Twin
68%
63%
1,100
20%
20%
4,500
96
97
6,000
Underwopd Corp
—No
Union Bag & Paper
No
Union Carbide & Carb——No
Union El Co of Mo $5 pfd—No
227/a
22%
33 V2
Jun
7
25
Jun
8%
Jan
Dec
8%
Jan
4%
7
21
8
Oct
10% Mar
12% July
55
Feb
44%
19
50% Jan
Sep
2
9% Feb
14
4%
Feb
2
45% Sep
32%
Apr
21
22
26% Juh
21
25
14%
Feb
8%
Feb
30
31
29
6
3
19
27
24
20
54Va Jun
22
17%
Jan
35
22% Sep
59% Jan
24
12%
Jan
24% July
24
50 %
Feb
58
20% Jun 20
6%
Dec
37% July
Dec
29 Va
16% Nov
•
'
Dec
Jifty
12
Feb
28
139
Apr
Jan
122
Dec
Apr
16
16
92
100
81%
Oct
94
Dec
13% Sep
7
7
Apr
10%
Dec
58% Sep
8
15 Va Mar
1
4%
Jan
lTva
Dec
6
11 Va
Jun
13% Mar
28
32 Va
Jan
49%
Jan
5% Aug
34
Dec
15% Mar
59% Sep
9% Nov
5% Jan
.
Oct
109
Aug 22
7% Jun 18
Jan 2
Jan 22
61% Jun
2
18% Mar
18
20% Mar
13
Feb
17
July
102% Sep
22
45% Sep
11
25
Jan
38"
Dec
64
Sep
14% Jun
28
43 Va
Apr
25
8%
Jan
11%
54% Sep
25
29
Jan
Sep
14 Va Jan
-
Jan
Jan
109 Va July 13
7
52 Va Aug
Dec
17 Va
Apr
8
12%
Jan
8 Va Sep
28
3%
Feb
5%
Dec
110% Jun
22
Jan
105 Va
Dec
24 Va Mar
Jan 13
loy4Mar22
18% Mar 28
101% Jan 3
26% Mar 21
34'/a Mar27
102
May 22
9% Jan 3
112V2 Sep 20
1
100
Rayon Corp
4%%
100
25.400
31%
*104%
10%
10%
10%
117
Tubise
29%
106
Corp
10% Sep
103
No par
No par
preferred
3,400
105 y4
37%
*104
30%
$6
Truax-Traer
30%
38%
30%
St'l
33%
5% May
15% Jun
2
8
Jan 22
50
Apr
6
10
Mar 26
26
Jan 15
18y#Jan 2
5
Jan
No par
2
3
No par
1
Transcont'l & West Air Inc
170
*103%
106
10
Tri-Contlnental Corp
1.200
—10
Dec
Apr
27%
10% Jun
Aug 30
«
share
33
26%
6
xl06%
4%
31
16%
101
2iVa
Transamerica Corp
13
11% Sep
Jan 3
July 17
Axle
Transue ft Williams
2
13
45
No par
BIghest
per
27% Jan
25
100
No par
N( par
Thompson, Products
4% preferred—
Thompson-Starrett Co
;
$3.50 cum preferred
Tide Water Associated Oil
$3.75 preferred
Detroit
37 Va Sep
—25
No par
Thompson (J R)
110
28%
28%
28%
*103%
,
30%
29%
37%
10%
104
104
104
*104%
28%
28%
29%
29
Co
13
13
12%
1
$2% div conv preferred—-—50
Third Avenue Transit Corp ..No par
Thermoid
110
109%
109
13
13
13
*103%
7%
7%
8
7%
!
7%
13%
6%
Tlmken Roller Bearing
54%
13%
preferred
preferred
1%
1
6
6% Jan
36%-Jan
18Va Aug
13% Jan
30% Jan
14% Mar
44% Mar
8% Apr
125
Jan
x93% July
9% Mar
53% July
10 Va Aug
-
No par
100
100
The Fair
Tlmken
13%
13%
preferred
1.900
53%
*23
Co
1,900
64
63%
63%
700
8,200
102%. 102%
44%
44%
101%
44%
102
63
37%
105%
23
23%
59
107
100
1,100
18
30
116%
116 %
*23
58%
107%
3,600
49
13
10%
15
7 Va
29%
10%
13
15
18%
297/a
:
10%
13
15
50%
44%
104
*104
13
6%
37%
36%
105%
12%
*14%
18 Va
29%
•
29%
930
■
50%
29 Va
29
*103
105
*103
57
56%
15
*107
7
62
7%
109%
7%
•
*55%
56
102%
23*%
109
110
110
6.200
18 Va
13%
52%
*22%
13%
51 %
r 62
50%
12%
18%
.
45
■
13
13
58%
58
6%
51%
18%
102%
*50%
"
*100
102
13
*50%
7%
7
51%
60
Land Trust
Mfg Co
$3.60 conv
30
57
*14%
107%
*107
107%
*107
107%
57%
58
57%
57%
57%
*107
200
139
105
13
13%
♦14%
12%
15%
57
57
11%
Thatcher
230
57
56%
57% ' 57%
57
*100
13 y8
12%
21%
139
139
*135
100
100
13%
13%
13%
13
12%
12%
139
*10%
139
*137%
♦137%
100
'*99
99
11 Va
*10%
10%
10%
57
*56 y2
56 %
56%
57
11%
137%
137%
•137% 139
20%
20
20'/a
20%
25
1
.No par
10
1
100
No par
No par
Texas Co (The)
8,200
3,800
8 Va
44%
Apr
7% Jan 16
7% Jan 3
11% Jan 2
105% July 26
48% Jan 2
S
& Trans 5% pfd_100
Corp
45
7%
45 Va
7%
45
45%
45%
45%
45%
*10
10%
*10
35 Va Sep 27
38% May 9
1
Year 1944
9 per share
7% Jan
No par
Symington Gould Corp
9 per share
29
International Ltd
Swift
,.i.
Lowest
30% Apr
6
31% May 21
23
Swift
34 Va
10%
# per share
Far
Shares,
3.700
35%
35%
34%
37%
10%
10%
,i
35%
35%
35Va
34%
37 Va
10%
35%
34%
33
f per thara
■
Lowest
EXCHANGE
the Week
Sep. 28
Sep. 27
Sep. 26
Range Since Jan nary 1
Highest
NEW YORK STOCK
for
Sales
Prtday
Thursday
^
sfiars
s per
Range for FrevlMB
brr stocks
85
8%
13% July 23
30% Aug 31
Dec
18% July
Jan
11% Nov
15% Mar
20%
Dec
Jun
29
Dec
102%
Dec
31% Sep
28
21 Va
Feb
.28%
Dec
39% Sep
28
28%
Jan
35%
Dec
106% Jan
13
85
Jan
105 %
Dec
14% Jun
13
5%
Jan
9%
Dec
137
Jun
13
68%
Jan
24
Sep
20
8%
Jan
16% Dec
70
51%
Jan
65
108
3
102
118
Dec
U
69
68%
68%
68%
63%
68 %
68%
68 V*
68%
20%
20%
20%
21%
20%
21
20 Va
20%
20%
20%
95%
95%
& 95%
95%
94%
*68%
•112V4
114 '
114
-
22%
113%
113%
22%
22%
22%
133%
135
135
104%
105
105
105
106
26% & 27
'
26%
26%
.
105%
*105%
•42%
.44
*112.
113%
•112
30%
30%
9%
9%
9%
*22%
I
22%
22%
2%
2%
*45%
45%
24
y;.:
24'/4
*11%
*85%
136
106%
107
30 Va
1,300
,26%
27%
19,600
105%
103
27%
106
43%
44%
44
44%
17.500
113 Va
113%
*112
77
77%
77%
30%
30 Va
400
9%
9%
10%
15,200
23%
24%
24
2%
45%
^
123,900
45%
46%
5.000
No par
.No par
Cigar-Wheian Stores
30c
Prior preferred
20
United Corporation
:
No par
$3 preferred
No par
24%
24 Va
24%
6,700
United
23
23
•
23
2%
2%
2%
2%
45 Va
45'/a
45%
45%
23%
24%
24 y4
11%
12
11%
24%
11%
*85%:
24%
87%
87%
*85%
14
13%
14
13%
13%
13%
44
44%
45%
45
45%
45
19%
19% ?
32%
■'
32%
107'/a
107 »/a
Z
-7%
7%
'
110
7%
;.7%
18%
18%
18%
103%
103 %
103%
*21%
100
.
21%
22
100
.
♦192
*192
199
?./"V=*21'.' \
199
♦21
52%
-
9%
•••
34%
*34%
♦111
113%
13%
10%
50
*111
13%
10%
50
13%
*10%
•40%
3%
7,700
United Gas Improvement
9,400
United Merch & Mfrs Inc.—
107%
7%
18%
»2i y»
*192%
*192%
*20 Va
21
*20 y4
- 21
•••'
52%
53
50%*9y«
50%
9%
34%
35
-•111
113
9%
13%
10%
.; i03/4
68
70%
71
*83%
87%
73%
3: 9'
74%
73%
149
*147%
v.
69% b 71
*87
87%
39%
3%
\ *47
26%
6
8%
*110% 114
8%
114
*19%
20
*112%
87%
74%
*84%
148%
26%
47%
8%
8%
♦110%
67%
*162%
26%
27
■
3%
68 Va
162%
69%
143%
148%
6
6
73%
*47
6%
♦47
47%
6
♦85%
75%
148%
26%
♦47
47%
r-^,' 6 S
,
ay*
68%
70
1 87 '
148%
>.
6
47%
6
'
*191/4
20
*7»/4
V
.
.
■:/:
r
7%
7'/a
;7Va
45%
45%
45 y8
.
45%
*94
.
*181
•94
8%
8y2
*112%
114 •'
8%
39%
2,300
3%
69 Va
26%
:
8%
189
46
189
/
t
*94
*185
6%:
7
*46 y8
46%
95 r
-
27%
27%
27%
27%
27#^ 28
27%
27%
27%
28 y4
28
28%
27%
15%
?;'■
15%
15%
15%'
15%
15%
*15%
•39
40
/:
39%
'
39%
*16%.
16%
16%
52%
52 Va
53
*89
92
99
>
*93
V
99
*185
..
87%
31,500
*148%
148%
27%
6
6Va
8%
9%
15.300
114
19%
7
96
190
186
189
39%
55%
2,100
91
•91
93%
99
*95
98 V*
*95
*31
*91
93%
*95
r
32%
32%
32%
*5%
5%
5%
5%
66 %
66%
120 %
120 %
*65
119
*72%
*50
66
119%
79
•».'
52%
*72%
79
*50
3o
5%
*
67%
6t>*r4
*120
i
52%
:/
*50
39
39
155
♦148
155
*160
170
♦160
170
For
footnotes
38%
see
38%
page
38
* V
'
1531.
170
67
*72
120
Va
37%
79
52%
38 /
32%
30
^
:
98 V4
66%
120
>72'/a
*49%
*37%
66%
79
.
*160
170
*160
170
66
1,300
120
180
*72 Va
38%
38%
155
6,000
•*50
52
*148
32%
5%
-120
120
V 155
32%
5%
66
32%
5% z-ft-r
*148
155
*160
66 Va
*50
38%
*148
32%
6
120
79 y-"-;
-'52%
'
*148
'
120%
♦72 V2"
'
5%
6
,
b
..
700
Va-Carolhm
6%
Va
170
6%
1,900
A
Pow
$5
pref
Ry Co
preferred
—
■■
..Wreferred.
■
pfd
Feb
116
29
109%
Jan
.u,,
;,,,....,,/.
Dec
Jun
Nov
115
Oct
:
17%
Sep
93%
Jan
118
109% May 10
33% Mar 8
92%
20%
Dec
Dec
Feb
104
Dec
26
Jun
30
Nov
11
25%
Jun
33 % Nov
110% Apr
18
44% Sep
32% Jan
100%
Feb
110%
Sep
26
22%
Apr
36%
Dec
102%
Jan
123%
29
Jun
27
25
2
114
Jan
6
110
Mar
79% Jun
25
61
May
2
20
26
2
2
22
5
31
28
22
Jan
5
28
24 % Sep
5
2
2
5
2
14
1%
Jan
31%
Apr
Apr
42 Va
Dec
12%
17%
Dec
14% Jun
27
Feb
88 Va Jun
27
11% Aug
78 Va Aug
14 Va Sep
45%
8
12
Sep
18
110% Sep
6
21
<}>
48
19% July
36Va Sep
116
Jan
Jan
11%
,
Oct
15%
Jun
109%
Dec
6
4
Feb
28
7%
Feb
108% Jan
26
97%
Jan
25% Jun
15
Sep
22
Sep
54
May
14%
1G7%
Sep
Dec
21%
Jan
1
Feb
88
Jun
186
Mar
Dec
15%
Oct
42
Jan
51 Va
Nov
34 %
Apr
43% July
8%
13
1
2
5
Jan
28
10
110
10% July
7%
12% July
Jan
70
170
13
15
52% May 25
38 V* Jun
Dec
Jan
8% Sep
194 Va Jun
Dec
91%
11%
19 Va Sep
X104
Dec
36%
98%
9
16
16%
Jan
Jan
9
Dec
33%
Jan
113
Feb
Dec
15% Jun
25
5%
Apr
9Va
Sep
Sep
11% Jun
11
8%
Jan
10%
Dec
50% Sep
20"
30%
Apr
37% Jun
3
40%
Jan
48
Feb
1%
114
55% Mar
42
Sep
4
Jan
2
69 Va Sep
-
Nov
19
T
28
40
Feb
170
Jun
21
130
Jan
71
Jun
20
87
Sep
14
69
75 Va Sep
25
21
50 %
Apr
151% Jun
*119%
Jan
22
May
27% Sep
27
50% Feb
4
6
6% Jun
26
9% Sep
28
•
20% Mar
48%
44 Va
Jan
3%
Jan
-
5V»
Oct
106%
•
Dec
18% July
6
July
8
Jan
25
Jan
24
31
Jan
41%
96
Sep 27
68
Apr
81 Va
Sep
24
162
Mar
28% Sep
28
33% Aug
Jun
23
Sep
26
86% Ma,r 26
100
July
101
Jun
176
Dec
Dec
Nov
.
9
56
Dec
4% Nov
47
189
Dec
27% Aug
48%
Jan
14%
Dec
63% July
136%
Apr
76
6 r
78
Apr
Jan
Dec
61% July
Dec
'2%
Dec
54% July
150
May
2%
1
114% May 28
18
8
Apr
27
Sep 27
20
1% July
26% May
75% Jan
15% Sep 20
3% Mar 27
Oct
25
Jun
40,
24% Jan
28
21
3
Jan
90 Va Jan
Dec
70 Va July
27
Mar 27
22
Dec
Jun
24% Sep
2
AUg 7
Sep
5
Jan 24
Jan 23
24%
114
47% Jun
9
2
Jun
20% May
11 Va May 19
31
Mar 26
Jan 24
Sep 21
59 Va Jan
Feb
1
Jun
13% Apr- 6
£
'119
28
25% Mar
136
48% May 22
17%
Jan
9%
Jan
23% July
14% Nov
Oct
52
Sep
12% May
Jan
18
Dec
51
Oct
Dec
28
41%
63%
Jan
85
26*
70
Feb
85% July
33% Apr
19
21%
Jan
7Vs Jun
18
18
3%
Sep
Aug
5% Mar
50
Sep
62% July
9
73
Juh
6
25 %
Sep
14
123
Feb
19
120
Aug
57M: Jan
22
76
Jun
22
38%
Feb
83
Nov
45% Jan
25
52
Sep
21
37;
Jan
45
Dec
36% Jan 16
Mar 2
42
July 10
33
Apt
38% Nov
102'
Jan
125
149
Feb
155
118
—100
100
23
-23
Vulcan Detinning Co
155
*160
El
100
div partlc preferred
Virginian
51%
38%
113
13
No par
Chemical
Va Iron Coal A Coke 5%
79
*148
23
32
Norman Co—
—
'
32%
Jan
21% Jan
Am—No par
—2.30
10
Vertientes-Camaguey Sugar Co_6%
Vick Chemical Co
9
Vicks Shreve A Pac Ry
100
5% non-cum preferred
100
Victor Chemical Works
-5
1,300
56
91
1
Van Raalte Co Inc
300
1
16%
54%
32 /.v;
Van
56
117% Jan
Jun
15%
82%
149% Sep 27
75% Jan 24
178
Mar 27
23% Aug 21
Vhnadlum Corp of
1,500
16%
90 y2
99
.3.600
-
56
53%
1
28%
40
Sep
9% Feb
22
22
16
Jan
5% Jan
39
Jan
No par
100
Pictures Co' Inc—
Universal
16%
53 Va:
preferred
9,400
15% ,15%
40
56
•95
R*
28%
*39
76
22
98% Jan
No par
————
28
15%
*16%
Preferred
28 %
27%
15%
:
Universal Leaf Tdb
20
186
:i
Stookyards Corp:
$6 conv preferred-—
No par
Universal-Cyclops Steel Corp
_1
Universal Laboratories Inc—
.1
240
?
23%
46
4
' 4%
23
.•
600
46
96
*6%
27%
16%
f
46
6
13% Jan 17
50
Jan 17
38% Jan 10
6% Mar 27
30V4 Mar 26
llOVa July 3
7% Jan 23
'9% Jan
2
35
Jan 2
46
Jan 2
27% Jun 15
2% Mar 26
51% Jan
6
144'/a Jan 12
52
Jan 2
72
Jan 18
58% Jan 24
-No par
preferred—
United Stores class A—
900
•>
96
7
15%
39%
20
46 Va
28%
16%
100
114
20
114
non-cum
United
4.200
9
4
24
'
7%
6
Mar
135% Jan
—100
:—I
U S Tobacco Co„—
47%
*47
47 y4
'
—
—
3,100
28
Plywood Corp—
Preferred
1,800
27%
27%
20
10
1
'
27%
-
No par
U S Rubber Co
10
B% non-cum 1st preferred
100
U S Smelting Ref A Mln_
50
Preferred
i
50
U S Steel Corp
—No par
100
75%
-
tU S Realty & Impt
6,000
73%
90%
?
70%
87%
21 Va
*39%
U S
.
10
U S Pipe A Foundry1
U S Playing Card Co—
700
165
70%
*85%
27%
16%
16%:
;
92
*89
95%
39%
*39%
16%
*52
♦93
•
*6%
46%
189
♦185
fU92
6%
47..,,:
95%
95
19%
100
1
-
Preferred
10,000
68
*162%
ct A
Prior preferred
V 8 Lines Co
t
23,500
148%.
148
*112%
<
200
53 '1
74 Va
73
5%
114
20
20
20 Va
20
■■••8%
95
189
95
:
1.900
3%
;
:
10%
49%
3%
68 %
Leather Co
Partlc A conv
800
39%
70%
70
*47
8,000
*51%
39%
165
3
50
No par
No par
No par
.
13%
10%
10%
52%
3%
67%
U S
1,800
113
13%
49
52%
39%
162
500
9
100
5%% conv preferred—
U S Industrial Chemicals
90
49
10%
49
52
40
800
It
22
24
24
20
20
12
16% Apr 10
77
Jan 22
180J/a Jan 17
20
U S Gypsum Co—
1% preferred——
U S Hoffman Mach Corp
500
■
34%
*111
10%
74%
26%
9
13%
13%
49%
34%
113
♦111
49
?
87
„
9Va
34%
52
3%
148%
26%
26%
13%
9 Va
10%
68%
*162%
69
743/4
52%
49%
40 Va
162
-
21
52%
49
3%
67%
162
20%
51 y4
67%
3%
*
67 y8
162
20%
49%
;
39%
40
*48%
U
1,800
53%
49%
*
600
-
1
199
10%
49
♦51
51%
13%
21 Va
101
107
6%
11%
xi03
preferred
Paperboard——
U S ftr Foreign
420
101
34%
113%
*111
13%
10.900
♦192%
199
53
53
35
'"-50%
13%
39%
3%
163
t'
19%
103 %
21%
21%
100.
199
50%
9%
"\
21%.
100
101
•
67%
*161%
21%
i
101
United
19
103
103
500
103
18%
18%
18%
22
100
10
Secur——-No par
$6 1st preferred
No par
S Freight CO—
;
No par
5%
'8%
*7%
8
290
103
108
108
7%
7%
103%
103
22
108
108
35
*51
3%
19%
36%
19
21
49 Va : :! 50
51'A
41%
*51
19%
35%
Sep
21% Sep
13% Jan 20
Co—13%
1
19 %
36%
103%
;52%;
Sr:'9%
109 l/a
19%
113
9%
34%
•
United Fruit Co——
35%
35
50
49%
50
50
.:,;*o
•
1,600
19%
101; bl02
•192
'
199
52%
'
2,200
35%
'
21%
*52y2
21%
*52%
2,700
Preferred
19%
21%
5
102
14
46
——100
United Electric Coal Cos—
5
United'Engineering A Fdy
:3
30
33%
8%
103%
21%
98%
-
-.
34'/a
•7%
18%
19
700
11%
5
1
Co_
United Dyewood Corp.—
Drug
87
109 Va
109%
109%
'
19%
*107ya 108
103%
109%
109
110
109%
l.vt 19%.
32
United-Carr Fast Corp
United
.14
45
109%
Carbon Co.
United
45%
14
43 Va
*107% 108
.
11%
♦86
86%
86
3
1,300
1,700
24 '
2%
12
*11%
*85%
t
par
;—100
preferred—
conv
30%
*13%
19%
5%
9%
14
32'/a
9
No
Biscuit Co.
United
75
46
110
89% Mar
10
100
—
30%
9%
87
19%
preferred
74%
13%
•32
l4Vi%
1,700
600
preferred
conv
United Air Lines IttC_
32 1.
9V4
4ft
*108.
5%
;
Aircraft Corp
United
113%
*112
preferred
non-cum
Union Tank Car—':
1,200
23%
*28
28
28
143
147
149%
148
28%
4%
1,300
30
27
,
No par
Union Pacific RR Co
134
74%
2%
45 V4.
12%
87 Va
*11%
12%
*22%
23
2,300
135
par
No par
25
;~100
,—100
No par
5
—100
Preferred $4.50 series
*30%
9%
•9%
2%
2%
45%
45%
23% & 24
;
Union Oil of California
24
27
75
♦30%
9%
%
*112
9,400
IBV2 Jan
xllOVi Apr
111% July
20% Jan
1091/4 Jan
100% Jan
29
Aug
25
Aug
104
Sep
3iyaJan
118
Jan
22% Mar
109% May
- 66
Jan
26V2 Feb
7% July
22
July
l'/4 Jan
38% Jan
'
15% Jan
9 % Jan
66
Jan
10% May
33'/a Jan
par
100 % Sep
58% Jan 3
14 Va Jan 24
par
par
32
75
75
74%
?*30% ft 32
76
*74%
*112
113%
"~90
22%
105%
148
28%'
28%
113%
28%
114%
30%
30
27%
44%.
144%
148
*145
.28%
28%
28%
,
144
144
145
*27%
114
22%
106
f
105%
.
106
43%
44%
44
.
106
106
106
/:•
26%
27%
26%
■
106
42%
:
114%
22%
134
(
30%.
30 Va
30%
30%
30 Va
30%
30%
*138
135
106
133
105
*105%
'
113%
22%
*112%
*113%
114
*112 %
*112%
22%
134%
*30%
42%
114
114
114
22%
1331%
133%
*104%
f
114
22%
22%
96
95%
114
*112y4
114
♦113%
114
*112%
95%
94%
95 Va
■
•
.100
120
.100
145
Mar
5
163
Jun
12
147 Va Mar 26
113%
Jun
Oct
v
July
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Volume 162
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LOW
i Sstnrds*
■r.
Monday
Sep. 22
.
f
; ; Sep. 24
$ per than
9
71
16
Sep. '>5
,*
per share
69%
16%
*34%
*109
AMD HIGH BALK PRICES
Tuesday
Wednesday
72 V2
6°%
*16
35
*69
16%
34%
110%
,,.
16%
35
109
*68%
Friday
Sep. 28
t per «ftort
.
*19
*73%
35
i
19%
133/s
13%,
133/e
135/e
12%
12%
13/4
1%
'2 3/4
18
17%
87
68
17%
173/4
18V4
18%
40%
4OV4
403/s
19%
20%
19%
v
283/4
283/4
291/4
23
23
23
40
40
*28%"
29%
22%
22%
*39%
40
103/e
10%
lO'A
313/4
313/4
313/4
87%
*86%
33
87%
32%
*86 %
87.%
33
32
109 %
109%
109
109
110
115%
115%
115%
115%
115'%
1153/4
115%
87%
110
117
108%
108 %
108 %
108%
115%
115%
115 %
115%
115%*
32%
32%
110%
110%
*110%
26%
26%
47
47
32%
32%
111
32
2,100
13/4
109%
32%
*110%
•110%
19
2974
235/a
4074
1074
10%
3274
873/s
88
32
118
118
1161/4
1171/4
-111
109%
10972
*115%
1161/4
115 72
327b
327a
32 >/4
*1101/2
111
*11072
7%
preferred
preferred
64b
220
80
West
-
1,400
111
Indies Sugar
Penn
10
26%-
26%
26%
26%
26 s/8
2672
27
26 34
263/4
47
2.200
Western
46%
47
47
47
4774
473/e
4772
10
10%
4772
1.900
Western
10%
10%
10 %
10%
9%
10%
10
10%
26
26
27%
27
9.900
Western
26%
28
27
273/8
48
48
47%
47 %
48%
49%
483/4
483/4
*81
85
85
48%
48%
48%
49 %
*28%
29%
*28%
29%
34%
34%
34%
34%
85
26
26
*471/2
267a
26 7u
2.800
48 74
4874
48 3/4
1.500
85
85
8572
8674
87
87
49
483/4
491/4
4872
4974
487z
49'/B
*283/4
293/4
*28 3/4
293/i
*28-3/4
293/4
34
34%
33%
341/2
34'A
86
357a
35%
35%
35%
35%
353/4
35
35 3/8
353/4
42
42%
42
42
42%
427s
43
440
34%
34%
13%
347a
42'A
33%
42%
*34%
35
35%
35
35
*3472
3572
*
106%
41
98
98
108%
*105$
*74 '
77%
*74
104
*103%
99
41
98%
77-72
*74
10372
411/2
4074
99%
99%
991%
26%
26%
26 %
25%
253/4
26%
34%
34%
34%
34%
34
34
*88
89 %
*88
89%
*88
89%
*88
8972
*33%
34
*33%
34
*33%
34
991/2
2672
35
34
14%
14%
14%
14%
8%
8%
8%
8%
*8%
8%
21%
21%
21%
21%
21%
22%
215/8
15%
*100%
15%
15%
100%
100 %
100%
15%
100%
*18%
18%
*18%
18%
*30
30%
46%
*57%
47%
47 "
58%
58%
92%
*90
92%
*90
56%
2774
118
Jan
1872
1872
1331/2
"134
Wilson-Jones
500
10
30%
July
Dec
1
177< Mar 27
30
Jun
50
Jun
26
4% Jan
100
22
67. July
77e
Jan
30 7a Jan
2
57% July 10
29 3/i
Dec
2
92
Jun
27
65
Dec
66 %
50 7a
May 29
41
437a Aug 21
2674 Jan 6
317a Aug
7
373/4 May 12
303/4 July 26
12.50
No Par
105
100
100
64
37
Sep 12
353/4 Sep 21
1137a Jan 17
11072 Apr
Jan
3
19
78
-
24*
r
„20
87 7a Jan
21% Jan
9
43
__20
5
16 3/a Mar 26
—No par
10% Jan
—No par
15
Jun
1073/4 Nov
1043/4 Aug
325/8 Dec
18
1372 Jan
-
128
30
22 74 Jan
6
10
40% Jan 24
Dec
93/8
Apr
20 Ve
July
6
Feb
8
Jan
1172 July
Jan
9974 Nov
8074
103/4
Jan
20%
473/4
5
94
4774
*4672
4774
1,500
18 3/a
18%
Yale ft Towne Mfg. Co
1874
263/4
185/a
181/2
18%
3,400
York Corp
27
263/4
26%
27%
2,500
58%
58
5 7 c/8
58
5872
60%
11,900
Young Spring ft Wire
No par
Youngstown Sheet & Tube__No par
2774
26%
27
267a
26%
3,100
Youngstown Steel Voox~-m*Jl0 par
20
2,900
Zenith Radio Corp
Zonlte Products Corp.
3474 July 26
53/4 Jan
2
38
3274 Jan
1
137a Jan
39 Ve Jan
Oct
4172
Nov
fX 82 % Nov
jan
Jan
84
Nov
69% Jun
913/4
Dec
.Sep 21
68
Apr
747.
Not
13
Dec
14
Deo
47% Sep 26
24
13
19% Sep
4
V
36 %
277a Mar
July
7
974
Apr
153/e July
Sep
19
143/fe
Jan
20% July
603/b Sep
28
27 3/e
22
105 74 Jan
443/4
81
19% Jan 17
100
Sep
July
24
99% Feb 27
s
Jan 22
26%
57%
49
125
20% Jun 28
9
18%
147. July
Jan
24
13
123
Sep 27
Aug 28
July 17
Jan
69% Mar
10
Jan
Jan
preferred series A
3174
36%
75
Oct
Jan
4% Jan
1
80
Wright AeronautlcaL._MMJVo pat,
Wrlffley >Wm> Jr.,(Del)
JVo pa*
Wyandotte Worsted Co
...,.,..3
5%%
24
4872 Jun
60
27
9% July
87%
Sep
Apr
93
$_
July
19%
3
4774
29%
Jan
26
15
1,800
July
Jun
Jan
Dec
22
Feb
"5'
1337a Sep 26
31
July
•
9274
*64% Jan
10
18 74 Sep
2
Jan
10
.Jan
19
•
'
100
Co
77
Feb
20
15
16 5/8 Sep
Dec
97% Jan
20% Feb
66% Jan
26
Jun
36 %
10172 May
5972 Feb
103% July 12
79
2674
Dec
26% Jun 25
2
973/4 Jan
-
—10
pfd
Jan
6% Mar 26
1
Prior pfd 472 % series
100
Prior pfd 47a % Conv series—100
—
J»ly
111
3574 Sep 19
163/4 July 13
100
—
32
Jan
10074 Sep 28
26% Feb 15
93
—.
Dec
Jan
15
22
26%
271/4
293/4
25%
19
31% jan 24
■
31% Dec
Apr
10572
5
Feb
10772 Jan
1013/4 Aug 21
No par
No par
21
37Va May 17
Aug 23
108
53% July
317. July
505/e May 17
July 23
277e Feb
No par
No par
Dec
Feb
22% Jan
29% May 25
357a Sep 28
27% July 18
50
Co
Dec
Jan
18
1674 July
3134 Dec
No par
Motors
37 Ve
33/4
373/4 Jun
2
183/4 '
•
263/4 Apr
147e Jun 18
6474 Jan
—No par
;
Sep
1314 Feb?
.
No par
100
A_
103
28
32% Jan 13
*90
477a
Dec
Deo
Dec
110
92
477s
113
y 28
92
463/4
Feb
Feb
38
38%
9672
Jan
Worthingtoil P & M (Del)—No par
18%
Dec
Sep 27
16%
Woolworth (F W)
18%
Dec
28
1023/4
32% Sep 25
July 13
10
6,900
193%
Jun
8572
113
Jan
2,900
19%
255/8
.
106
5972
19%
22% Jan
Jan:
i77
18% Feb
1183/4
4774
100
10 3/« July
Apr
5972
130
r 31% Dec
Jan
1133/4
4674
500
Dec
Apr
Jan
16
60
927a
22%
1574
23
Apr
47
81
Aug
118
59
85
Dec
25"
103
4674
!
Apr
July
Apr
591%
84
22%
15
-,36%
8572
59
*9072
Apr
Febv
28
47
*78
Jan
1172
22%
-
Jun
Sep
46%
95
27s Aug
/ 62
May
.
Jan
10
com
Wisconsin El Pow Co 6%
Woodward Iron Co
500
Feb
110
Co
$6 preferred
1,000
•
Oil
11% Mar
8
preferred
Wilson & Co Inc
Wilcox
107.
101
100
preferred
10,000
1003/4
80%
45
Jan
1133A Sep
7
223/4 Mar 21
26%
5774
2774
27
26
92%
463/4
■
107
106 332
109 % Jan
47%
19%
573/4
27 Ve
Prior
16
!l53/4
85
1%
34% Aug 29
103/e Jun
6
1003/4
9272
JVov
7%
83
23
187a
8072
X20
108% Nov
Jan
11
30
15%
*90
18%
*106 A
Sep
94
1005/s
*8372
57
110
3
35 74
805%
277a
5,772
107
8
15
*187s
*13472
85
47
10072 Jan
83/a Jan
1007a
91%
185/a
-
2674 Jan
181/2
80%
Jan
1774
Wi.--
14
833A Jan
155/B
85
Nov
27
White Sewing Mach Corp„__
—1
$4 conv preferred
—No par
1003/4
91%
26 3/4
2nd
Willys-Overland
87
68
4
873/8 Sep
5,900
1.700
91%
18%
33% Sep
347a Jun
14%
897a
34
18,400
80%
27
18=/e
2
1
81/2
*89
Feb
2
White Motor Co
227a
*83%
80%
48
20
2,200
83/8
*91
Nov
20
84% Apr 12
235/a Mar 26
*
Dec
XlOft
100
pfd
conv
215/b
30%
Dec
3174
40 72 sep 20
par
conv
874
85
19%
4%%
prior pref
White Dental Mfg (The S 8)
300
Jan
Dec
14 %
Apr
22
1172 Mar
59
*91
81%
$5
4
3
100
Instrument
21%
303/4
24
■
68
Jan
22
27% Sep
297a Sep
247a Feb
May 10
Jan
267.
23/4 Apr 47
Mar 26
9
1272
*874
*30
303A Jan
,„1
ii.—
2172
31
20
-
No par
Lines, Inc.
Supply Co_
Maryh'.nd Ry___
81/2
*30
-
5
40
18
35
18 %
31
3
Air
227s
91%
*4672
4 61/2
46'/a
*8872
*33%
'
'
19%
19%
*2672
89'/a
34
•
*80
80%
19%
*88
*333/4
14
370
267a
34'A
14'%
85
86
80%
*26
34%
1472
-
_No par
L
preferred,,
Wheeling Steel Corp
5,000
10074
100
27
34
*90
91%
*85
993/4
427a
5
3
preferred
572 %
2
Jun
Sep 28
Aug 30
Wheeling & Lake Erie Ry
80
14
1
Jun
:
preferred
$4.25
10
104
133%
*30
30%
47%
58%
*90
4174
$4.50
,40
2
19
Auto
Elec
-
j
Westvaco Chlorine Prod,,-
300
7772
"10372
41
153/e
18%
*132%
30 %
47
58%
10372
*100%
103
18%"
*132%
132 %
153/4
15%
*26
141/s
*33%
8 3/8
*74
77»/2
1031/2
403/4
thare
H 10%
7572 Sep 27
2072 Feb 24
133/4 Sep 20
>
41
Preferred
Weston
:
Mo par -
Westinghouse Air Brake
1,300
^
103%
413/4
*25%
14 %
34
IO61/2
*34%
14%
14%
■
110
70
Westinghouse Electric Corp_
1081/4
106 %
41
98
40%
*35
108%
77%
104
*103%
104
40%
35
*108
*105$
fig
*74
76
76
*103%
105
35
108 %
*108
108
ft
36
*34%
35%
35%
108
*105
35%
21
Sep 28
V2 Sep 28
29% Apr
9
143/4 Aug 21
2474 Jan
2
Corp
Preferred- series
17,300
42%
35
34%
Btgheal
per
100-
Power
non-eum
Jun
35 74
573/4 ,Jan 15
13
Mar 26
-
-
Western Union Teleg class A -No
par
7,200
35%
34%
353/4
343/8
35%
42%
35 %
AQ;/■,■
__5
jpor
;
Class B_,^
42%
35%
*
4%
7,200
293/4
=85
1944
lowest
•
$ per mare i- »
:
2
83A Jan
172 Jan
^
Western Pacific RR Co
1,000
493/4
*28%
:i
West Va PUip m Pap Copar
6% preferred—
J_100
26%
'
Aug 21
; " 61% Mar 2Z
i 10
Sep 15
93A jan
West Penn Electric class A__No
180
115»/2
325/a
111
Year
-
•
1672 Sep 21
!
16a
No par
—
t4 conv preferred
190
110
116
Range for Preylau
..
;
per »hare
77
10
24
TMr
Wesson Oil & Snowdrift,
West
/
No par
-
Wayne Pump Co__i
Webster Tobacco Inc
2,800
*110
jy t
Sen J7
.
135/8 Jan
3072 Jan
No par:
i
Waukesha Motor Co
::
200
313/4
-
110
preferred
Washington Gas Lt Co
1,500
*86%
,.327a
7
Range Since January 1
Lowest
Highest
64
par
Warren Pdy & Plpe-^.««.._Mo
Petroleum Corp
6,500
32-
.
No
Warren
400
10%
W
&
97 preferred
Warner Bros Pictures
1,700
313/4
_ion
ft* par 't;
,
600
2372
40
''
G
>
Class
3,900
2974
110
323%
DJv redeem
900
23%
;
1531
« per ehare
luu
Walwortli Co
32.000
2974
preferred
■
Ward Baking Co 01 A
•
7,500
44
*109
32%
111
69%
-.
*
47
i
W
_jvo par
preferred
Walker 1 Hiram
10%
9%
■••
_
4%
12,400
.
1095/s
"115%
500
207a
-
'
108 %
*31%
321%
7,700
1274
20
-•
40
10%
32%
13'/2
*42
:
/
900
19
-187a
.
20 fi
40
10%
109%
*115
■'
•V
Walgreen Co
220
77
6872
■>
118%
-
31%:
*108%
108 %
M
.41
20%
10%
32%
Jlf
STOCK
u
700
-
1134
V-
6SV4V
40%
*»:
131/4
■I
:
v
1%
*
68 >
32'
;
*86%
33
,
17%
40
10%
31%
»l4-w * i
1
■
,
YORK
Watmrtj PR «%%
Waldorf Bvatem
1,600 f
„
19
12% :
39
22%
*39%
10%
87
66%
*19
20%
28%
22%
32 %
*32%
67%
19 %
39%
28%
40
,
10%
2
66%
17%
*19
20%
20%
22%
19
;■>
1%
67
*39
29
-•
2
66
;■
,
Far
800
11072
*751/2
1374 J: 13%
12%
20"%
*39%
1974 a
12%
39"%
*32
<:
13%;
65%
"^.'■,
-
•
3574
1091/4
75%
12%
65%
22%
'
76
13%
1%
29
75
13%
12%
1%
17%
74%
•:
6972
3474
10974 i:
13%
12%
VV ;.;V;
V ■•>
V
.;-«xcHANGK*i;t::
t;
Share*
:.i6% ; i6% :
t
NEW
the Week
jf«r aftors
69%.,
II*
19%
l7/e
20%
73%
1674
35
1( 9
*19,
■,
13%
*12%
*39%
19
16%
110%
galea for
.
% 71^ -v;-;4vw^<i
6972 '69%
25
-
*109
r,„-
;
73%
74%
60%
*16%
35
109
,
'
72%
,;
.
STOCKS
Thursday
9 per mars
71
16%
34%
110%
*109.
'*'•
■,
RECORD
vvV.^i',
Sep. 26
~
9 per tnar9
H
■I
*69 V2
,•<
t*
NEW YORK STOCK
|
,'
•['
-PPvPy;'P■'■■■■rnMMT?priAT & t?t-ktaxt^t a t ^ttt»^*tt^t
;^';,a.:^
THE COMMERCIAL x, FINANCIAL
CHRONICLE
4425
I''.fr'i:i{.',/'ii" •''.' ity'i
19
110
33%
Apr
423/4 July
Nov
Mar 21
96
Jan
106%
27% Sep 19
18
Jan
20 %
42
Mar 26
333/4 Jan
3% Jan;
Deo
OCT
COS.
39
38%
39
38%
39
103/4
10%
10 3/4
10%
*Bid
and
asked
.
393,4
38 3/4
38%
38c/8
3974
39
10 3/4
10%
10%
10%
1072
10%
10 %
prices; no sales on this day,
fin receivership,
Transactions at the New York Stock
008
10 3/4
deUveryrr*^t
Deferred
a
39
-
New Stock,
7,500
rCaah aal».
a
Special aalea.
Jto par
1
wdWhen distributed,
Feb
15
1272 Jun
11
x-Ex-dlvldends.
44% July
6% July
y Ex-rights.
-
Transactions at the New York
Exchange
Daily, Weekly and Yearly
Stocks,
Saturday
Railroad
Number of
Shares
Week Ended Sept. 28, 1945
and Miscel.
482,130
1
•
Monday
—
Tuesday.;
Wednesday—
—
891,560
1,186,400
—.
1,037,601
Thursday
Friday
United States
Total
Foreign
Government
Bond
Bonds
Bonds
$2,081,000
$122,000
*5,429,000
.
310,000
$22^000
6,718,000
213,000
27,000
,
5,333,000
203,000
5,761,000
6,958,000
5,549,000
5,851,900
6,471,500
13,000
1.059,530
5,571,000
241,400
39,500
6,202,000
246,000
23,500
6,034,041
$31,334,000
.
(Number
$1,335,400
$125,000
1945
1944
6,034,041
266,578,314
3,573,732
$125,000
TotaL
$80,000
1,627,000
31,334,000
lniTustriaLZ.
30,510,000
^
195,759,237
$32,794,400
$5,351,750
71,439,060
1,973,442,500
-
$32,217,000 $1,810,655,810 $2,060,766,400
Stock And: Bond Averages
.
30
4
20
Indua-
Data-
Rail¬
•■.
'
Tuesday.
$177,000
246,000
$17,000
26,000
V ZP p. 4
11
Total
Uttll-
65
t rials
roads
Sept. 22
179.49
58.27
34.25
Sept. 24
179.51
58.53
34.21
Sept. 25
Sept. 26
179.42
59.09
34.18
178.95
58.92
>
178.57
Sept. 28_.
280.11
Sept. 27
»
tle«
''•■
Btockf
jr.}s>
:wrv-
First ::
Gradd'
.10
induatrial#
66;75
66.82
106.39
66.97
106.31
34.40
66.86
106.11
58.69
34.39
66.69
58.98,
34.80
67.23
V
106.39
•
-
7 :lO-v
Ralls
?
10
Second
Ralls
10
Total
Utili¬
Grade
343,000
474,515
—
339,000 /
Value)
Foreign
Corporate
Total
$194,000
—
272,000
352,000
371,000
41,000
525,000
V
27,000,
325,000
13,000
,,
9,000
2,321,460
40
ties
Bonds
Stocks—No. of shares
$5,000
366,000
538,000
—
$1,955,000
<
$133,000
2,321,460
1,198,350
"
$5,000
$2,093,000
Jan. 1 to Sept. 28
1945
1944
81,332,338
51,406,837
Bonds
$1,955,000
133,000
5,000
Total
Par
Bid
4sk
436
Brooklyn Trust
100
Central Hanover Bank & Trust 20
118
Chase
15
,413/s
433/8
10
633/a
65%
Bank..:
Chemical Bank & Trust-
107.76
113.26
95.72
107.76
105.78
113.29
96.04
107.81
105.86
Continental
113.26
96.14
:
107.79
105.82
Corn
106.09
113.25
96.10
"
107.86
106.03
113.26
96.14
^107.89
'307s
327s
448
4772
49%
123
'
112
115
Commercial National Bank &
Trust
Co
$2,780,000 $129,288,000 $142,877,500
City Banks & Trust Ces.
Bank of the Manhattan Co—10
Bank of New Yolk
100
Bankers Trust
10
National
$2,646,000 $102,130,000 $134,012,500
56,000
26,228,000
7,785,000,
78,000
930,000
1,080,000
$2,093,000
Foreign government—
Foreign corporate
113.24
105.72
,
Week EndedSept. 28
,1945
1944
95.50
-
ii ■vp
378,025
429,755
542,570
—
Wednesday
Thursday,
New York
-Bonds-
-fie..
t
'
-
Beloia^are the daily closing averages of representative stocks and bonds
listed on the New York Stock Exchange as compiled by Dow, Jones & Co.
<
-Stocks-
.
182,340
;
$4,842,400
82,481,500
1,733,865,000
u
Foreign
314,255
Saturday__r__.
'
1,335,400
Railroad &
Bonds (Par
>;TV
$32,794,400
Bonds
U. S. Government.
•/>■•
Government
.
Stocks—No. of shares
'
Domestic
Jan. 1 to Sept. 28
1945 ; '
1944
Sept. 28
"
Shares)
Total—,
Week Ended
'
01
Week Ended Sept. 28, 1945
$2,203,000
1,376,820
Total
Stocks
Sales
Bonds
.
*
47
50
.100
Trust-
190
■
100
Grace National
Guaranty Trust
Irving Trust
Kings County Trust—
Lawyers Trust
.100
;£
367
P/ *ak
210
190
.10
/
(J P) & Co Inc——100
375
173/a ;P 18%
100 1,820
46
.—25
Manufactures Trust Co com—20
61%
Morgan
20
"id
Par
Fulton
289
1,870
49
637a
295
Trust—10
23%
2572
National City Bank—
New York Trust——
25
105%
108 %
587»
6074.
Public Nat'l Bank ft Trust—17%
47%
49%
105.82
Exchange Bank ft Trust_20
Empire Trust
50
92
96
Sterling National
78%
105.83
Fiduciarv Trust
34
36
Title Guarantee
Bank
ft
First National Bank
.-..,.100 1,815
>
/
"
.1,875
&
Trust
United States Trust.
1272
12
43
123/4
100 .1,485
45
8172
133/4
1,545
t
THE COMMERCIAL &
1532
Monday* October 1,1945
FINANCIAL CHRONICLE
Bond Record «» New
FRIDAY
WMi-
SSS^JKrtSS
the
£&£letters to
;
interest"
„
„
for
except
iSkly
outsideof
the column headed
V.
S.
Treasury
gale Price
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
J-D
3-D
J-D
1®51-1959
1955-1960
1945-1947
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
-
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
28
2s
2s
Treasury
Treasury
__
,
Treasury; 2s
Treasury 2s
2s
Treasury 2s
Treasury 2s
Treasury
,
Treasury 2s
Treasury
2s
2s
f'PBsnrv
..
110.15
113.7
Series
No.
22-
No.
23
24
3%s
106.28
-
107.1
26
Series
No.
27
Series
No.
28
29
(City)
;
Buenos Aires
M-S
30
1957
J-D
"
102.2
External
101.20
102.3
External
s
M-S
J-D
J-D
M-S
J-D
M-S
'
M-S
__
J-D'
J-D
F-A
90%
A-O
92
92
M-N
1984
J-J
A-O
80%
94%
90%
22
80%
94%
4
80%
95
111%
10
109%
111%
3
106%
1083*
2
102%
106%
5
102%
106 V2
101%
102%
*93%
96%
83
96%
M-N
104
32
*101% 102
•
25
100.15
101.12
3s
Jan
15
1953
J-J
*103% 103%
1033/4
1053/8
3a
Jan
15
1958
J-J
103% 104 %
103%
IO.51/2
1954
J-J
*45
1942
M-N
*20
,_1942
M-N
103.24
104.24
104.24
102.19
102l20
102.27
102.20
102.24
102.21
102/29
A 6s
103.3
100.25
103.3
100.17
102.31
.
ldl"9
101.23
100.26
101.10
a
1981
F-A
f
s
bs
112%
93
1153/4 116'A
J-J
Sep
M-S
1981
Sep 1961
M-N
1963
M-N
1957
J-D
Guaranteed sink fund 6s
^_1961
1901
assented--.
12
2
20%
7
20%
16
Chilean Cons Munlc 7s
;
173/4
183/4
3
19
17%
"l
18 3/4
193/4
20%
18%
18
19
17%
17%
"2
19
19
"9
18 %
19
173/8
19
19
*18
183/4
18
*18
183%
17%
i960
1928
1927
—Oct
Jan
external's f
$
bonds
M-S
18
18%
1981
fHukuang Ry) 5s
^Republic of)—
M-S
1900
assented
20%
173/4
18
183/4
M-N
203/4
183/4
■
183/4
M-N
19%
20%
173/4
18%
*18
>1902
;
20%
18'/2
20s/8
1962
;
20%
20
173/4
*18
A-O
assented
of
173/s
11
20 3/4
19%4
A-O
A 6s
20%
*20
20
J-D
3s
22%
103
20
)963
AGuaranteed sink fund 6s
Foreign Securities
20%
183/B
22
'
A-O
...1962
J-D
of
173/4
19%
20
J-D
A6s
70
20%
A-O
1957
Colombia
21
*20
M-S
.1962
sinking fund 6s
1961
A 7s
20%
18%
18%
20
;>1961
AChlnese
17%
*20
J-J
68 assented
A6s
'
20%
21
3
19%" 20%
1961
6%s
A6%s assented—
A
*20
20%
1961
ASinking fund
*
20%
Jan
assented
A 6s
21
_.Jan
>,
AExternal sinking fund 6s
122
20%
19%.
F-A
70
18%
2p%
19%
76
36
69
19%
20
A-O
Peb
Sinking fund 6s_—
a 6s
63
104% 104 Va
104 A
,
A-O
Feb 1961
6s
assented
AExternal
101.18
—,1960
1900
sinking fund
AExtl
100.12 103.6
106
101.9
f 7s
s
A6s! assented
.
103.5
103.3
8s
External
•Any external
103.1
J-J
assented
A6s
77
111
J
(City)
(Rep)
AExtl
103.2
*68
111
J-J
1967
AExternal sinking fund 6s
102.10 103
103.1
—1961
^7s assented
10T29 103~4
102.24
if
95
90%
J-J
A Chile
.
1031/4
95
17
1961
A
*
100'/a
—
1948
ACarlsbad
116 J/e
101%
1021/4
15
Issue—
J-D
68
97%
95%
■
107% 107%
1975
a6s assented
—1980
*100% 102%
__
i960
30-yr 4s—
AChlle Mortgage Bank 6%s
A6%s assented..___,
Corporate Stock—
__
Jan
102.9
101.8
1
100% 100%
90
53
—'
*100'/2 101
M-S
3s
102.9
*101.16
69
*95
3s
102.6
„
*60%
68
2%s
30-year
102.31
__
J-D
67
104.9
of)
3'A8
103.28
*105.30
521/4
J-D
ft bonds
t
(Dom
102.26
__
5
M-S
f 4%-4%s
external
102.27
__
"
"
J-D
60 »/4
100.27
"T03
103
*103.5' " 103.7
__
'
J-D
66
60%
2
*102.27
__
t 4ya-4%s
s
25-year
30-year
108
*102.22
„
51%
107.26
*102.22
__
'
M-S
1
107.8
*102.18
„
605/a
3%
*102.17
„
60 5/8
Canada
*103.22
__
513/4
101.24
*102.4
„
1
'
105.17
100.17
J-D
60 '/2
—
100.20
104.2
100.21
__
60%
—
100.30
*102.25
J-D
65%
643/4
—
5
106.21
*104.10 104.12
104.2
67
52
*60 »/4
,
43
100.23
101.8
*107.30
68
51%
61
—1978
read) 4%-4%s—
100.18
__
51%
1978
100.10
*106.19
„
M-S
68
5
,—1977
el01.18
100.20
J-D
67%
60%
F-A
Refunding s f 4'/4-4%s
101.8
__
66%
;
60 >/4
1081
102.7
__
66
52
—
60%
1950
100.15
100.21
—
(Province of)—
External
*101.18
M-S
65
66
51%
M-S
_1968
102.9
101.9
68
51%
51%
513/4
...
100.17
__
3
61
6
...
A 6s stamped
i
603/e
67%
51%
18'
...
—
f 5s
s
10
603/4
...
No.
60%
673/4
: 67
61
...
No.
59
*601/4
Sinking fund gold 5s
Sinking fund gold 6s
103.4
100.18 102.17
No.
51%
60
25—
Brisbane
107.1
100.28
107.13
No.
1
•
60%
,
105.24
High
51%
61
...
3%s
107.25
Low
8
60%
——
Series
3%s Series
January 1
.
10
*60y4
...
3%s Series
107.15
105.19
60%
60%'
*60%
__
'
:
3%s Series
107.1
60%'
...
...
3%s Series No.
114.19
City
York
21
—
...
3%s Series
;
,
60
60%
•
19—
*101.20 101.22
J-D
1950
;;
,
60%
60 r
...
20
3.%s Series No.
.
60 %
...
18-
3%« Series No.
3%s Series No.
-
,
"60%
60%
•
...
17
3%s
102.7
101.24 101.25
101.24
J-D
J-D
16—
3 %s
•;
113.27
113.2
*102.5
—
J-D
Transit Unification
106.11
112.21
*102.31 103.1
__
M-S
—...
New
3%
M-S
J-D
...June IB 1048
iy2s
Treasury
—
J-D
1%8
Treasury
*106.29
*105.26
*107.11
__
J-D
1951-1953
1952-1955
---
101.17
112.10
106.4
106.31
105.28
*106.2
...
M-S
-1954-1950
1956-1959
1959-1962
1947
Mar 1948-1950
--—Dec 1948-1950
Jun 1949-1951
Sep 1949-1951
—Dec 1949-1951
March 1950-1952
—Sept 1950-1952
-—1951-1953
—1951-1959
June 15 1952-1954
—Dec 15 1952-1954
1953-1958
Treasury 2s
—
M-S
1966-1971
Treasury 28
114
108.27
*114.12 114.14
*100.13 100.15
*104.25 104.27
—
J-D
June 1967-1972
Sept 1967-1972
Treasury 2'As
—
M-S
1965-1970
"Treasury 2%s
Treasury
__
J-D
June 1964-1969
Dec. 1964-1969
2%s_.
111.27
105.14
104.25
*108.29 108.31
*112.25 112.27
*113.10 113.12
J-D
J963-3968
2%s
103.19
112.17
10
*104.23
—
J-D
1952-1954
2YiS
10~3~.19
No.
b■** Series No.
3%s Series No.
;
111.4
112.30'113
3%s Series
■
f
60%
No._l§
,
M-S
1962-1967
Treasury
*110.18
--
J-D
--19^9-1953
JScS'iocZ
Treasury
103.20
,
No.
Low
(Continued)—
bonds
(
Sold
High
3%s Series
103.27
102.4
100.6
*101.21
—
M-S
----J!:?
Treasury
101.19
Bends
Bid A Asked
(Continued)
External
108.14 109.24
M-S
-1953-1963
1960-1968
J®*®
—
—
M-S
—1951-1954
1956-1959
23/«s
2%s
2VaS
2%s
2V2s
2%s
2%8
2Y*s
2%s
2Vis
2%s
2'/2s
2J/2s
?'/2S
2%s
2'/2s
Treasury
—
M-S
.
—
Brazil
lea*.
Week's Range
Last
Sale Price
Period
High
Low
107.8
101.17
101.28
108.24
101.25
110.20
'"101.24
*108.22
—
Friday
Interest
New York Stock Exchange
January 1
No.
Low
*
*101.15
M-S
$
.;
.
SEPTEMBER 28
ENDING
Range Since
«
Sold
*107.7
—
WEEK
BONDS
Bonds
Friday's
Bid & Asked
High
/.-0
3%s
3Yas
3V»s
3s
3s
27/«s
2%s
2%s
2%s
2%s
Treasury
or
i*
Government.
4%8
Treasury
,
Last
Period
'V.
Cash and deferred delivery sales are disregarded to the week's range, unless they are toe only a
shown in a footnote in the week in which they occur. No account is taken of such sales in computing the range for toe
Week's Range
Friday
Interest
Exchange
•V'
end defaulted bonds.
Income
range are
"Inters* Period" indicate to each ease the
RANGE FOR
BONDS
New York Stock
YEARLY
WEEKLY
-
J-D
*36
39 s/a
26
1961
A-O
80
80
19
683/4
17%
J-J
1961
183/a
16%
18
181/4
39%
80
69
*78
78%
1970
A-O
56%
573/4
84
483/4
Mtge Bank 6%s
1947
A-O
49 %
49%
1
41%
50
ASinking fund 7s of 1926
ASinking fund 7s of 1927
1940
M-N
49 %
49%
1
41%
49%
42
50
AColombia
Wertheim & Co.
Members New York Stock Exchange
Telephone
120
REctor 2-2300
Copenhagen (City) 5s
25-year gold 4%s
Teletype
A
1-1693
NY
Broadway, New York
Costa
Cuba
Rica
Got:.
Mtgc
Agricultural
A
AGtd
sink
AGtd
sink
1947
fund 6s
fund 6s
F-A
1968
4s
AAntioqula (Dept) coll 7s A
*62
363/4
2
35
38
36%
1
34
D-1945
J-J
36i/4
1
34
:_1957
36%
A-O
A-O
8
series
f external
f
8
f extl
8
Australia
iCommonw'lth)
External
5s
of
uelgium
33%
*30%
*96
99
102%
1023/e 1023/4
38
M-N
100 %
100
F-A
1927
1957
of 1828
1958
.1948
34
95
101 %
96%
7
90
99%
96
96%
19
9oye
99
105 3% 1063/8
30
103
J-J
M-S
103'/8
M-N
100 J/2
23
1031/2
M-S
.1955
J-J
*102 %
ft 7s.
.1055
J-D
*109%
J-D
*69
.1941
—
107%
1051/4
95%
103
100%
102 Va
105'/a
J'
—
104%
100 Va
*104'/a 108
f 6s.
external 8s.
995/B
100
14
100% 101—.
External
(U 8 of)
84
-1949
1949
F-A
debt
1977
J-D
1953
J-J
1945
J-D
8s ser A-1951
i
87%
89%
85
31
31%
32
3
A-O
wks
ASinking fund 8s series B
IA Denmark
External
1091/2
71'/a
59%
73%
'
Stamped pursuant to Plan A
(Int reduced to 3.5%)
—1078
1957
AExternal a f b%8 of 1926
111
II
108
110
11
—
111
*112 Vi
105%
112%
110
—
115%
74
—
160 %
72
159
115
154
__
115
po
8
3/4/98 3/4
1
J-J
96
F-A
%/ 97 »/4
35
1955
100
100 3/8
6
80
1003/e
1962
A-O
94
37
77
95i/2
1942
External gold 4%s
A-O
1942
5%s
81%
'
•
7
J-D
A-O
61%
1
61%
67
'
"*59
67%"
•
53
"
67
'
69%
57%
10
lADominican Rep Cust.Ad 5%s
§Alst series 5%s of 1926—
SA2d
series
-
71
sink
Customs Admin
5%s
1st
AEstonia
fund
series
s
;
-
99
!
*101 v*
M-S
1969
unstamped-
A-O
*
A-O
*
J-J
1949
;
1967
M-S
1949
7s
101 %
*ioi'/4
1969
series
French Republic 7s stamped
7s
*
A-O
A-O
1961
;
M-S
1940
—1940
5'/2s
5%s 2d series
(Republic of)
95
—
100%
__
f b%s of 1927
1979
1957
8tamped pursuant to Plan A /r*
A-O
A-O
52
10iy4
100%
"
101%
J-D
"100
101 Va 102 %
67
67%'"
T' 67 *"
102
101 % 102 »/v
*50%
*108'/8
::
65
44%
60
106%
—
—
108
i
Greek Government—
A 7s
part paid
paid•
;
(Republic) s f 8s sejles A
Helsingfors' (City)" ext 6%s
1964
1988
Irish Free State extl
A 6s : part
Haiti
s
f 5s
100
1960
A-O
*90
95
i960
M-N
(State Mtge Bk) 78—1957
(Colombia) 6%s
.-1954
Mendoza (Prov) 4s readjusted..—.1954
Mexican Irrigation—
'
,
A4%8 stamped assented-.
1943
A-O
J-D
1
.
J-D
*2C'/«
31V*
96
96
—
*12%
M-N
Jtoy, 6; 1942, agree
"
—
■-
233/4
34%
160%
••
14%
*10%
1-
14%
12% -12%
10%
11%
'■/'
:
901/4
30
——
' !
160
100% 10227 •'
12%
*
21
*29
__
1
96
821/4
-
*105
_i
'
to
25
14%
19
100
AMedellin
Assented
15%
2
21
"
*18%
A-O
A Jugoslavia
A
19%
19%
1952
66
57%
1
101'/4
101%
—
—
...
(Int reduced to 3.375* )
AExternal
,
413/4
*105
*108%
111
Stamped pursuant to Plan A '
.
94
I 89%
70
31%
1952
20-year extl 6s
gold
72%
22
83%
r
M-S
4%s
5%s 2d
103
1003/4
External i
t A Brazil
89%
M-N
loan
5%s_
ACzechoslovakia (Rep of)
105%
100%
96'/4
96 %
A-O
■
33%
86%
M-N
1972
5s of '25.1955
external 6%s.
a
30
35
1071
;
loan 4s Feb
External g 4%8
33
*30%
J-D
f extl conv loan 4s Apr
conv
30
30
1972
4y2s
loan
S
conv
35
31
1941
4%s
37%
*30%
A-O
(City) external 5s__
1958
(National Government)— ;
Argentine
J-D
M-N
58%
37%
AExternal sec • t 7s 2d 8eries...l957
AExternal sec s f 7s 3rd series—1957
AAntwerp
90
38
36%
7s series B
1st
79
35
36%
f 7s series C_
7s
5
36%
J-J
f
s
f
71%
62%
—
11
90
.
71%
J-J
s
s
—
90
36%
!
1945
External
External
A External
fi
v
M-S
J-J
.____1943
61
__
1945
A
A
AExternal • f 7s series
*62
A-O
1948
(King of Norway)
Akersbus
1952
*48
.4951
7s
external
A Public
(Colombia)—
F-A
_1953
of)
Sinking fund 5%s
Municipal
Bank
(Rep
(Republic of) 5s of 1914
External
4%s
Foreign
__1947
57%
"
'
VV
i
(■
j.
,i
'
j
a
•
(
(
j
71 Ye
•
5
,V
"
(Int
r
A7s
reduced to 3.375%)
(Central
,
•
..1979
A-O
*59
66
52
66
1952
J-D
*69
70
59%
73%
1078
J-D
*60
68
54
69%
)_._Ll979
A^O
52
66
Ry)
l>t*mped pursuant to Plan
(Int reduced to 3.5%)
For Financial Institutions
6%
funding bonds of. 1931
Stamped pursuant to Plan A
(tot
reduced to 3.375%
FOREIGN
,v
External g bonds of 1944 (Plan B)—
3%s Series No. 1
a^s
Series
No.
2
2%s
Series
No,
3
3%s
Series
No,
*62
Series
No,
No,
6—
*V.z
8eries
No.
7_.
a-%8
Series
No.
8.
3%s
Series
No.
Series
No,
10
Series
No.
Series
No.
-3
11
7%s
12
.
;
Ft
Series.,No.
fo^tBotes
see
page
....:
68
V
..
5
-
:r:~■r~.~
60 '
60
603/4
"
•' r-.:'
673/4
52
68%
75%
51%
1
MASKS 4 r.o. wc.
72
75%
1:
FOREIGN SECURITIES BPECIAIIST5.
75
76
52%
66%
50 Broad SL, New York 4^ N. Y.
68%
51%
2.
^
TRADING
68%
52
-I,-,,
^
SECURITIES
68
52^
-52%
—
10
60
68 V*
53
/'-r:;:'
61
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60
it
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.
•
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*
•
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0
3%s
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'
613/4
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...
52
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5
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3
'.'.V
623/4
v-
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.
.
4—
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62
.
.
-
-
,.,'513/8
66
51%
68
Telephone. HAnover 2 0050
!
-
•
;Telctype/N> Y.l 1-B71
Volume
Number
162
THE COMMERCIAL &
4425
NEW
YORK
BON D S
New Tork Stock Exchange
.
Friday
>
/..
,,
,
Interest
or
Bale Price
..,./
■■■'-''
■
•
1899 £
extl 6t. ul
iUS)
1945
AAssenting 5s of 1899
A Assented
Assented
A
to
A Assented
•/
Nov.
to
1913
1942,
.
11 Vb
_.
*18
*13 Vi
j'-j
*22%
agree
*17%
—
.
MS
A 6s
New
Wales
External
sink
4s
f
s
38%
37
125
*120
F-A
A-O
MS
101
A-O
F-A
J-D
,.1958
Atchison Topeka & Santa
«■
101
6
100%
101%
2
98Vi
101 %
5
-98%
*93%
1994
J-D
99
1967
MS
*105%
—1947
MS
*42%
Stamped pursuant to Plan A
.
(Int reduced to 2.125% )„___2008
101
;
—
99
I.
M-S
mod 3 Vis
to—
ext
(State of)
7s
A Peru
~
__
47'
95
•
J-D
21%
25%
21%
26
22 Vi
x_1961
A-O
22
21%
22i/a
51
6s___.__1940
A-O
*24%
1958
1947
A-O
*22%
A4,/a6 assented-!
1968
sink fund gold 8s_. .1950
&4%a assented.
:
.-1963
A-O
f 6s 2d
gold
of)
ser
A4,/2S assented.
:
A Stabilization loan s
t Is
_
A-O
A External
APorto
J-J
Alegre (City of) 8s——1981
...
A External loan
—
7yas
41
II
m-n
J-J
M-S
'
47
49%
42
71 y8
84%
'
' *85
—
-
(State) extl 0s.
f-a
a Rio
101% 104%
1 -?>-!42%" 50
104%'104%
6
"
'
a-o
47%
'
47%
v •
•
f
*105%--
43%
/
ft
f
^
'
J-J
,
Ohio
St
V.,
RR—
A-O
48
98% 106%
37
102% 103%
J102%
A-O
99% 107%
99% 107Vi
'HI
,
103 va
103
Ref St gen ser A (int at 1ft to
'
194v
de-Janeiro (City ofT 8s._.._1946
Stamped pursuant to Plan A
Queensland
104% 107%'
*04% 109%
;,106% 107%
" / 46 :
96% 109%- •
43% .44%\.""/y;-8?:> 43
W
•.
36%
36%/-./l2 v.-" 35
46% V;
102% 103%
21
1<»
105%
'
'
•
;
/105% 106%—:-: 57
107
;L
du©——
.1995
(int at 1%%
to Dec 1 1946) due..
1995
Ref St gen ser D (Int at 1% to
Sep 1 1946) due——
—2000
Ref St gen ser F (Int at 1% to
Sep 1 1940) due
—1998
Dec
1946)
1
J-D
// 79%
:82
Ref A gen ser C
43
--
,
—
..
.
106%
50%
41
•
::
■—
B
30%
37%
—
*45*/!
j-j
7Vis—1952
APrague (City of Greater)
*
II
111%
J-D
.
.......1966
111
J-D
.—July 1948
8tsmped modified bonds—
1st mtge gold
(lnfe at 4 % to
Oct 1 1946) due——July 1948
39
44 y4
"l
124
110%
-Vi,.,' '/v.:. — —
Ry—
1st mtge gold 4s——
30%
14%,
27%
46%
*110Si
.
123
116%
*110SJ
,
133%
115%
M-S
»
Stamped-pursuant to Plan A
(Int reduced to 2.25% >.—2006
,
7
..
-
M-N
Baltimore
341/2
16
321/2
*141/2
46%
J-D
Stamped pursuant to Plan A
> *
(Ipt reduced to 2.375% )
.-2001
?
25%
251%
32%
321/2
Line
127%
,
noij
*110 Si
v
J-D
25%
27%
32
*12%
J-J
__
J-D
24%
14%
*33
116% 116%
>116% >-116% 117%' :
/ 77
/. 1
11
24%
18%
26
137% 128%
,
26
25%
__
;
1905
Air
'
Atlantic Refining deb 3s—.^M..^1953
47
18%
170
ANat Loan extl
Nov
M-N
Charlotte
Sold
No.
,
General unified 4Vis A—..—.1964
Atlantic Si Danville Ry 1st 4s...
1948
Second mortgage 4s.—..—..—1948
47
19%
37
,1995
.128
J-D
&
how' High,
:
Range Binee
January 1
Low
High/
Bonds
Friday's
1st mortgage 3%8.w..»..'>.M.—..1963
Atlantic Const 1st cons 4s.i
July 1952
105%
381/2
M-S
4s
,1955
Atlanta
100
..
38%
—
(Rep of) external 7s_______1959
a Nat loan extl s f 6s 1st ser
I960
s
95%
105%
:
„
or
Bid St Asked V:
??
A-O
—.1955
Conv gold 48 of 1910——i960
Atl Knox St Not 1st gold 58
*.1948
90%
;?
Week's Range
: Last
"
gold 4s of 1909—^..
Conv 4s of
95 ' •:
12
99%
Adjustment gold
L--Stamped
Conv
98%" 98%
98Va
-Vj
__
..
..
101
88
88%
V*
—
V-
*95,
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103%
97
Fe—
General 48*—^—
103
5
*99%
A-O
■
Sale Friee
^
101
101
Betl Teletppe-rNY 1>310
.
Friday
Interest
Period
101
101
*95%
'
BONDS
New Tork Stock Exchange
101 >/. 101%
101
,'
130
97%
3
100% 100%
1970
loan
New,York 6
V
120
1963
.
Broadway
Telephone—Olgby 4-4933
41
118
M-N
v
Members New. York Stock Exchange
47%
*125
M-N
extl s 1 os set A-1963
(Rep
47%
PFLUGFELDER, BAMPTON & RUST
37
M-N
fAPoland
22%
...
38%
1963
APernambuco
17%
22%
—
18 Va
12'/a
35%
1963
4y4S
Stamped assented os
Stamp
13%
9%
16
18%?
—
45
1956
4%s
fund
(Rep)
20
11%*
13
*36
1957
Municipal Bank extl s f S8*-*.
Oslo (City) sink fund 4%a
A
18
.
42
1958
fund extl
APanama
16
10%
*—
J-D
„1959
i
k
5s
sink
Railroad Reorganization Securities
f 19%
18%
—
;
(State)-
(Kingdom of)
Norway
>
—
*
i3%""
*42%
•
M-S
1952
I 5s_^_
s
External
7s
A-—.
series
South
External
High
22 Va
*42%
Stamped pursuant to Plan A
(Int reduced to 2.125% ).__2003
(City)
January 1
?// Lou>
61
195S
Stamped pursuant to Plan A
(Int reduced to 2.125%)
200S
ASec external s f b%lL- ———.1959
AMontevideo
/ No.
"
f 6%a
s
—
J-J
1933
assent
(States—
A Sec external
i*16%
>u%
/:
agree
1943
5,
■
'
Range Since
Sold
High J.
•20
■
agree
1942,
5.
Nov.
Q-J
j-D
1954
i
Nov.
>18%
—
.
agree
;
1942,
5,
1910
to
lATreasury 6s of
Mlnas Oeraea
1942,
5,
1904
AAasentlng 4s ol
A Assented
1945
Nov.
to
AAssenting 4s of
Q-J
Low
W-/(V*
•
Mexico—(Continued )~^
AMexico
Bonds
Friday's
Bid & Asked
..
.
"■
28*//,/
ENDING! .SEPTEMBER
Week's Range
Last
Period
1533
BOND RECORD
./I.RANGEIFOR* WEEK,;
v
FINANCIAL CHRONICLE
J-D
82%
05V^-87%"?:{
:>
,
.
,■>■»?*
'
due—.—
81
314
66%
88
81
79
81
280
69%
MS
F-A
Feb 11960
92%.'
;i-
...
•
^5%/
159
78%
67%
69%
433
66%
55
88
75/
81
.
..
^
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66% '^88%
'
■
'
87
MS
Pgh L E St w y* System— v
,
Ref gold 4s extended to—.1051
S'west Dtv 1st M (int at 3Vi%
to Jari 1 1947) due.
1950
Toledo Cin Div ref 4a A
.....1950
200
,
•' }
.
'■
.
■
[
M-N
'' 97% 99%'
99%
79
94%/100% /
"
-
reduced to 2.375%)
sec
6Vis
(Int
2001
Stamped pursuant
Rio Grande do Sul
A
(State of)—
(Int
42%
.
41
37
46
35%
"3
43%
40
*
__
41
94V4.
f
a-o
50%
50'/a
1
1951
54
45
Beech Creek Extension 1st 3Vis.
36%
45%
Bell Telephone of Pa 5s
J-J
1951
stamped—
4s
45%
40
*
,
*
V
'
• v
92%
*
ARs external sink fund gold—..1968
Stamped pursuant to Plan A
(Int reduced to 2%)
__2012
45
II
j-d
91
41%
42%
~1
•
-
Beneficial
Indus Loan
J-D
...1950
—
Stamped pursuant
reduced
(Int
>.1968
to Plan
2.25%)
to
Paulo
(City)
35
—
>
48
39
45%
42%
39%
40%
93 y4
*48%
(Int.
reduced
Paulo
86 %
Stamped pursuant to Plan A
(Int reduced to 2.5%)
A 8s
II
m-n
98%
50%
42
Bklyn Union Gas 6s series A
37%
45%
40%
—
Gen
37%
II
*60
«...
61
J-J
*56
J-J
*61
1999
J-J
1958
loan
water
45»/a
i—.
--
M-S
53%
j-j
h
53
40%
53%
*49
j-j
*52
Stamped pursuant to Plan A
(Int reduced to 2% )—I—2012
IA Secured
f
s
53%
*
Serbs Croats
ACertificates
2
64
4
12
extl
1962
m-n
*20%
21%
12
27%
—1958
1958
j-d
*21
22
32
j-d
*18
1955
1948
F-A
101% 101%
F-A
*110
1960
m-n
*100
extl 7s
(Republic) extl 8s
AExternal sink fund 6s—
($
7s
m-n
*100
Adams Express coll tr gold
4s
—
17%
—
—•
—
105
—
—
—
83%
10
110
Can Pac Ry 4%
1978
1978
1984
1958
f-a
*88
j-j
*83
f-a
f-a
*18%
'*16
-"
mtge
assented—
Gen
27
20%
Cart «5e Adir
"Celanese Corp 3Vis
155
m-s
*105
*103%
105%
108
104%
106%
107% 107%
100
101%
1
107
109
3
100
102%
100
2
100
102
100
102%
*__
,
J-J
100
105%
—
—
100
*100
■
i
lpoyaj
101
MS
105J/2
67
1949
m-n
100i'o lOOi'a
16
A-O
104lg' 10412
4
105% 105%
70
Chem conv
3Vis
5 Vis
debentures.
3%s
debentures
A-O
1998
109
7
111% 112
112
■
A-O
*98% 100%
^
105%
104
—
116%
89%
—
94
1966
U P
21
83%'
97%
i
105'/a
M-S
Wks & Elec
6s series A
99
105%
:
1st
& ref
series A
Gq (HI)—-
,
(Subordinated)
see
?
r
.
v.
-
■"•'•■
due..
100
36
101%
104%
fACentral RR & Banking 5s
A-O
104%
103% 104 >/4
104
100%
104%
112%
112% 114
6
110%
115Va
Chesapeake St Ohio Ry—
General gold 4%s
M-N
Jan
q-j
'■*
'
"
—„19*64'
debs
page
179
103% 103%
1975
.(
3 y4s series E
income
100% 100%
1967
4s
1536.
'
.
1975
Ix
m-s
"
i'.:V
89
~
97
7"
I
:.
•/A/*- lj 7--
j
106%"
71
1
89
97
.
' >
•Si*?. 11" '•
106% 106%
/L? ?;
rw./.asj>-.
18
-.t?
-
>
102/'.'
/
'
i
-
1.
(4Vi%
■/"
■
„
Ref At
104% 104%.>
/ 48
r
I;
102%
115
107%
103 S3
2
103 SI
105% 106
105%
96%
11
?
±
107%
106%
*100
107%
121%
iny4
my4
*107% 109
107
110%
F-A
•
,s v,^-'
73
87%
95%
73%
70%
22%
20%
20%
23
97
74 ?
22%22%
.
66
86%
•
53%
'
*
28
13%
28
74%
>';'2 >:
63%
°39%
/ 2 •/
*108
108 »/a
qq
J-J
.
84
160
?
V 96
6
qq
43
42%
43%
249
38
69
40 V4- 41%
37%
39-
j-J
.
!
'
36
•34%
30
35%
F-A
F-A
104 Va
•89%
1992
m-s
138
m-n
139 y4
:•'-:
V
>103%
/106
106%
96%
105
111
J-J
A-O
11
:v-
;
53
104%
106%
107%
SOS
128% 131
102*4
V-
:
125
♦123
Va
.
54
90
145%
-104
—
*130%-..: /t
j-j
?
■;■?? 4"-.'
•101%
J-
109
137.
55
140
105 Va 105 V4
/"! 105%
j-j
85
—
105% 105 ys
■
.
/
52%
44
/
107% 107%
M-N
55
48%
107%
104%
F-A
103%
10
106% 107
104 »/4
87
48
109%
68
*103 Va 104%
A-O
-•
1040
29%
106%
41%
J-J
1989
84
2
37
J-J
f-a
106%
14%
-74%
A-O
1974
stmp_1942
88
/ / 91
"
J-D
.Z.L1989
—
/
"101% 106%
34
; 101% 164%-A
*86
J-D
78
83
83
1017/a>
J-J
.^1996
impt M 3%s series E__
consol gold 4s
.
105%
103
14
103% 103%
J-J
1946
2d
-104%
1949)
I.
,
Af-n
to Aug 1
104% 107%
:i'
112 y4
....1996
?
90
94
10
1
118
—1965
;;
100%
103%
,
120%
M-S
1949
1974
gold 4s_1949
1960
A-O
283
v
115%
103
J-D
M-S
22%
Central Pacific 1st ref gtd
Guaranteed gold 5s
109%
116
121%
3
'
109%
105%
116%
'
116%
113% 113%
F-A
A-O
100& 104%
104|8
116%
5
117% 117%
t
F-A
II:
116%
116
5
119% 119%
5%s seiftes B.
.1959
series C
1959
•AChatt Div pur morifey gold 4s„ 1951
A Mobile Div 1st gold 5s
-.1946
Central Illinois Light 3%s__—.—I960
JACent New Eng 1st gtd 4s„—.1961
fACentral of N J gen gold 5s
1987
A 5s registered —
——1987
AGeneral 4s.
.—1987
A4s registered —
—1987
F-A
.1995
Anglo-Chilean Nitrate deb
1st gold
J-J
»
2
116% 116%
A-O
108%
107%
112
8
118% 118%
116
M-N
1962
3s
deb
141% 143%
98%
164
106%
2
21
116% 117%
J-J
A-O
144'/4
100%
142
51
49%
103%
103%
—
105
105
F-A
1969
Co
*107%
116%
Nov 1945
1945
1980
debentures
footnotes
J-D
-.—1956
debentures
Branch
Central N Y Power 3s
..1961
.....
debentures
For
31
101%
2
101
A Ref & gen 5s
103%
Telephone & Telegiraph Co.—
cum
93
101
ARef & gen
104
102%
3
2030
Foreign Pow deb 5s
mtge
93
101
J-J
debs—.—_—.1962
1st gold 4s—.1948
fCentral of Georgia Ry—
Alst mtge 5s__—
5 A Con sol gold 5s
:
105%
103
__
102% 102%
M-N
160
96%
104%
12
Am
>
34
21
103
——
1st gtd gold 4s
* ■'
1975
1st
•48%
103
46
103
86%
—1981
18%
13
mtge 4 Vis
Alleghany & West 1st gtd 4s—;
4%s
31%
J-D
—I960
17%
80
'
&
73%
J-J
deb stk perpetual.
20
105% 106%
A-O
Armour
138
654
A-O
tf ACarolina Central 1st gtd 4s
Certificates of deposit
Carolina Clinch & Ohio 4s
91
-
70
.
*155
__
j-d
A-O
1st
warrants
Arbor
78%
51
i—1960
Collateral/trust 4Vis
87%
78%
85
A Cent
j-d
1948
Wat
76%
47
48%
6%s—.1946
Canadian Northfern Ry deb
88
.1946
A
78%
A-O
—
89
.1948
Southern
Albany & Susquehanna RR 3 Vis
Ann
111%
107%
50 %
A-O
72
Albany Perfor Wrap Pap 6s_„
Am
107%
A-O
A-O
74%
A-O
3s
.
M-N
M-N
75%
1972
Tobacco
109
*—
3%s—
3
3Vis
2%s
108
J-D
1968
Power
Elec
3
3y4s
Amer
107%
108%
*108
—1955
83 vi
J-d
conv
108%
105 %
F-A
gtd—.
83
83
f-a
3s
105%
17
105%
5s
83
1946
_1967
American
110 A
16
105
.1974
Power 3%s——
5s A—1962
.1957
Canadian National gold 4%s_.
Oct 1969
Guaranteed gold 5s
1970
Guaranteed gold 5s
1955
Guaranteed gold 4%s
—1956
Guaranteed gold 4%s
1951
Guaranteed gold 4%s
26%
103%
100
6
80%
84
108%
106%? 106%
1 •:
105% 105%
105%
C—1987,
63%
105
107%
105%
1952
83
M-n
1947
lOiyear deb 4Vis stamped
Amer I G
«
—
107% 107%"
deposit-
j-d
1953
1953
1948
Coll trust 4s of 1907—
&
' *106%
_.
M-S
Calif Oregon
•
series A plain
Stamped
Great
20
—
83%
Companies
tAbitibi Power & Paper—
with
105/
..—1981
1958
external
Railroad and Industrial
Power
—
'
m-n
—1979
A4Vis assented-
6s
F-A
Canada Soucnern cons gtd
California
..1979
3%-4Va-4-A extl conv
:
4-4Vi-4Vis extl readjustment—
3 Vis extl readjustment
Alabama
12
69
,
1937)—
conversion...—
(City)
1978
1964
bonds of
readjustment-
Alabama
45
74%
_.
103%.
T
27%
3%s-4-4%%
A
74%
105%
F-A
M-N
82
20%
AExternal sink fund 6s
8 A 5s
75%
75%.
Sydney (City) s I 5 Vis
A Warsaw
67%
49
20%
(Prov of)
External
of
Bush Term Bldgs 5s
(Kingdom)—
A4%s assented
External
98
87
87%
75
series B sec
Uruguay
10
a-o.
36
66%
1
80
'
m-n
A 7s
A
49
79
Consolidated
52%
1962
secured
Silesia
49
80
48
37
external
<a Slovenes
A8s
A
j-j
39
__
a-o
1940
7s
Stamped pursuant to Plan A
(Int reduced to 3.5%)-.
13
73%
72%
~
M-S
Bush Terminal 1st 4s
2004
dollar loan
extl
M-N
Stamped
modified (interest At '
3% to May 1, 1947) due—1957
tBurlingtoh.Cedar Rap St Nor—
§ Alst & coll 5s.
1934
61
42
*56
_1968
(Int reduced to 2.25%)
99% 100%
1969
Elec 4%s B
106%
*105% 107%
Buffalo Rochester & Pgh Ry—
43%. 52.:
— —
Stamped pursuant to Plan A
Afis
104-
"
__
M-N
'
f 3%s
102
100%
73%
:_1947
-1969
Niag Elec 3%s series
Buffalo
..:Oa
,
1999
'
extl
s
Buffalo Gen
40
45%
_
J-J
'
A 7s
mtge
131%
100%
101% 103
104 /108 /-V
105% 107%
6
1067/a
*106
98%
162%
129%
?6;;
101% 101%
^~.-;;><*107%0''-->
J-J
mtge
4s s f debentures
Stamped pursuant to Plan A
(Int reduced to 2.5% )—
A-O
4s series RR
AInc mtge 4Vis ser A
48%
36
45
1950
external
M-N
..I960
July .1970
fABoston & N Y Air L 1st 4s.....1955
Bklyn Edison cons M 3y4s—
;.1968
Bklyn Union El 1st gold 5s_;—.—.1950
~3
43%
*41%
2001
__1930
8s
4%s series JJ
,
'
*
2012
2% )
to
(State)
.1955
——1961
series II—.
5s
90%
"l
Stamped pursuant to Plan A
IA San
M-S
41
.
49'/2
II
m-n
M
1st gold
1st
——.1967
1st 8s A C
Boston fc Maine
49%
36'
39%
101%
ArO
42%
45%
39%
93'/4
_
m-s
1957
f
II
j-d
.1967
1952
8s
s
J;
1st
1964
Stamped pursuant to Plan A
(Int reduced to 2.375%)
A6%s extl secured
*44 V*
*
2004
reduced to 2.25%)
sink fund 4s
Fe externa)
§ASan
II
,
2004
municipal loan
Stamped pursuant to Plan A
(Int
M-N
37%
A
A7*
Santa
J-D
1950
debentures——
2%s
:
98%.
102%
- • •
129% 129%
*101% 102
129%
A-O
series C—1960
2y4s:
,*102%
,
*
101
86%
92
92%
'■j
1999
A7s external loan of 1926„
86% 100'
59
95
' 99%
"
1
"
91 P;*'t'
92
92
A-O
„
5.
.
..
J-J
1951
ref 4s
94Va
99%
^
'
J-J
Bangor & Aroostook RR— ;
Con
Plan A
2.5% )—;
J-J
*
f-a
1948
to
reduced
41
*40
;
:;
•'
8s extl loan of 1921
Stamped pursuant to
.
f-a
Plan A
to
reduced to 2% ).._.—2012
(Int
.
a-o
.1953
AExternal
1,614
56 y4
126
32
59
-
Jl
THE COMMERCIAL & FINANCIAL CHRONICLE
1534
Monday, October 1,194$
NEW YORK BOND RECORD
RANGE
WEEK
ENDING
Interest
Psrloi
Sold
January 1
No.
Low
Low
High
:
1st ft ref 4 Via series B
ref mtge 3%S—
AGen
ARefunding gold 5s
Refunding 4s series
5s series
A 1st ft gen
6s series
A 1st it gen
A Gen
4 Vis
AGen
4Vis
AGen
f
gold
4%s
J-J
J-J
El Paso ft S W 1st 5s
106%
11989
11989
11989
11989
11989
3 Vis
102
105%
1
93
102%
mtge 3'/as ser G
.2000
J-J
97%
96%
97%
14
.1971
M-S
96% 101%
106% 106%
1981
M-N
30
104
100
65%
83
1st cons
6
84
17
79
72
22
120
—
105
Firestone Tire ft Rub 3s deb
tAFlorida Cent & Peninsular 5s—1943
92%
15
88
1U
30
95
117%
13
94%
13
94%
82
345
67%
969
17'%
33'%
•
J-J
Gas ft Elec of Berg Co cons
General Realty ft Utilities
—
J-D
77%
2
101%
103%
85%
16
68'/a
90 %
ISAGa Caro ft Nor 1st ext 6s.l_._1934
85
—
513
102% 105%
105%
J-J
A-O
69%
67
70%
94
M-S
76
73%
M-N
24
J-D
—
78'%
105
74%
76
377
521%
79%
21
24
1,606
*104
—
47%
106
deposit—I
of
104
95
91
2
94%
94%
95%
M-a
1
4
37
95%
*92%
..
94
__
3
50
1
j-J
*105'%
106
Ill
1
105%
99%
39
90%
103
99%
5
90%
103%
99
76
102%
55
J-J
1967
J-D
1st mtge
*_.
—
10
106%
107%
104'/a
2%s ser G
*112%
F-A
~7
b
Cin
Wab b M Div
J-D
1st 4s———1991
8t L Div 1st coli tr gold
Cleveland Elec Ilium 3s—
110
J-D
—1993
—1977
impt 4Vis series E
Ref
is.—U990
1970
109% 110
*121%
__
J-J
92
J-J
91
-
82%
84
M-N
105
Series
J-J
108
D
Cleve Short Line
102
2
j
—1972
1973
f 4Vis series C———.1977 \
gtd 5 Vis.
gtd—
Union Term
1st
1st
f 5s series B
s
s
A-O
98%
J-J
1937
7
107
P-A
83
96%
84%
19
105
5
39
*107'%
A-O
80
Hudson Coal
Hudson
106
106%
Columbus ft Sou
& Tol
Columbus
106
91
101%
93
104
98%
1081%
98%
110
1st
s
f 5s
A
1949
137
1441/4
98
103%
*99%
79
J-D
1962
—
series
139%
101% 101'%
__
Co
Gas
1st
gold 5s
M-N
31
79'%
78%
113
1131/4
113%
.F-A
68
A-O
35
4
68'%
80
35%
156
67%
72%
35
.
113
87%
115%
641/4
8<J
30
45
109%
107
114
.1
*
114
1
109%
Illinois Bell Telep 2%s series A
114%
103
107 Vi 108
14
105%
Illinois
108%
107%
106% 107%
39
104%
107%
A-O
107%
106% 107 Vi
45
102%
107 »/2
M-N
—...*1961
73 Vi
72'%
73'%
26
63
P-A
A-O
101%
Extended
33
103%
106%
108
108'/a
1091/4
111
*107%
M-S
110
*114'%
__
110
2
114
__
105'A
103
105
J-J
1951
J-J
*104%
1951
1951
1951
J-J
*102%
1952
1955
1st
gold 3%s
1st gold 3s sterlings
Collateral trust gold 4s
Refunding 4s
105 V*
103% 104
104
2
102%
1981
A-O
97'%
96
97%
15
89 %
M-N
98'%
96'%
98%
73
88%
103
102% 103%
Central RR—
1st gold 4s
1st gold 3%s
86%
101% 102
J-J
I
■-
i
—
A-O
1st extl gold 4s—1948
Ohio El 3^*8-1970
1st extl 4s——.1955
& H V
Columbus
101%
7
99%
*137
J-J
,.1970
Hudson & Manhattan 1st 5s A
..1957
A Ad J income 5s
Feb 1957
91%
101%
A-O
1952
deb 5s
Debenture 5s——
9
H
112%
63
107
M-N
& Elec
18%
104%
>107% 109
"M-N
84
102%
*98
M-N
13
3
>100% 101
J-J
109
111%
~
M-N
modified)—.—1980
(stamped
4Vis
Columbia Gas
28
103
103
J-J
1999
Ry.—
& Southern
Colorado
15
103% 103%
103
104'/a
106
74
14%
A-O
Hocking Valley Ry 1st 4%s
tSAHousatonic Ry cons gold 5s
Household Finance: Corp 2%s
104%
1
Cleve
107
•-
—1——1948
—1950
1st gtd 4.yaS——1961
gtd
3 Vis gtd
3 Vis
C
1061/2
103%
11
1989
112'/a
104%
6
*80
J-J
109%
2
1053%
Feb
*
Series
3
1043% 1043%
105
104 Vo 105'%
Pittsburgh RR—
ft
Cleveland
-
1301/2
103%
92%
107% 103
—*
137%
121%
'
1969
—
—
—;—1993
gold 4s
General 5s series B
128'/a
12
1333%
106% 106%
112%
Cleve Cin Chic ft St Louis Ry—
General
18
123% 124
JL
2015
kef 3%s series D
123
133
124
Feb
GUlf ft Ship Island-RR—
- *
s"'
1st ft ref Term M 5s stpd....—1952
118%
19
109
111%
103'/a 103%
—
J-J
Corp
Gen, mtge inc 5s series A
1st ft
106%
--
__
74
—
1113% 1113/4
Terminal—
F-A
102 Va
101'%
1333%
Gulf States UtU 3%» series D
104% 104%
101%
102%
J-J
3r debs
——.1959
Gulf Mobile ft Ohio 4s series B—1975
98%
—
J-J
—.—1970
—1977
series 1—1967
3'/8s ser K-__:—.—.I960
mtge 3%s'scr L.__:—....1970
Greyhound
99%
Jf-N
L_.y_i_1973
Gen mtge 3 '/2 s ser M—:——1980
AGreen Bay ft West deb ctfs A———
ADebentures ctfs B
.....
99%
99%
100'A
>101
105%
106
M-S
A-O
A-O
114%
1183% 120
J-J
103
—1957
91%
119%
Geh
95%
92
.
53
115
1053%
1
—-—-1943
J-J
J-J
,108
54%
39%
89'/a
*102'/a
—
J-J
103
105%
101'%
Geii mtge
j-j
j-j
M-N
J-D
Geh mtge *3%s
1952
ref 4Vis series D———1962
«
73
105%
*105% 115
General 41/28 series E
100%
83%
40
__
*50
..1952
General 5s series C
83
65%
1031/4
104
50
99%
99%
93
100% 100%
100%
137
104
99 ys
99%
92%
J-D
—
72
J-J
General 41/2S series D
103
1969
-1974
77%
105%
.
General 5'/2S series B
105
Union
80
57
103
70'%
106%
102
mtge gtd 3%s series E
123 %
Great Northern Ry Co—
28
13%
102
104%
mtge 3 Vis—
55%
71%
*112
—
J-J
depositi—
Goodrich (B F) Co. 1st mtge 2%s_1965
Grays Point Term 1st gtd 5s_"_1947
108%
1,058
P-A
1st
~9
72%
132
102
105%
72
Certificates of
Cincinnati Gas ft Elec 3 Vis*..*.—1960
1st
99%
105%
*105
M-S
87%
14
Cincinnati
102%
*50
conv
Certificates
F-A
-
.1952
117%
~2
102
72%
•
M-N
5s
1949
Corp—.
101% 101%
87
103
fAChoctaw Ok b Gulf cons 5s
*101
M-S
inc.debs
..1969
Gen Steel Castings 5%s
—1949
X A Georgia ft Ala Ry 5s—..Oct 11945
103
——
J-D
6s.—..1958
251
86
ib4%103%
5s
140
102% 102%
deposit.——-
Francisco Sugar coll trust
99%
23%
j-j
S A Debenture
*104
102%
119'%
99%
1963
tIAChilds Co deb 5s
105% 105%
J-J
117%
10
mtge 2%s ser G
Chic b West Indiana com 4s.
of
ACertificates
99
*106
— —
deposit
^Florida East Coast- 1st 4%s_——1959
A 1st ft ret 5s series A
—1974
114%
79%
J-D
1st
1st b
Certificates of
108
53
99%
3 Vis—...
mtge
31%
16%
..
1st
Div
29%
15%
15
26%
J-D
Chicago Union Station—
,
1st mtge 3Vis series P——_—1963
102%
97'%
86
20%
81
5s—1960
Dec 11960
j
104%
104%
25
A-O
a
110
91
80%
ACertificates of deposit
88
5
98i/2
90%
27%
4s__.——.1951
guaranteed 5s
Income
103
mtge 3%s ser P
98%
98%
J-J
..........1951
....
97%
97'%
98%
F-A
1988
Memphis Div 1st gold
95
104% 104%
116%
J-J
A-O
gold 4s
1934
fASecured 4Vis series A
1952
AConv gold 4Vis
—..I960
Chicago St L b Sew Orleans 5s
1951
Gold
103%
'
I ARefunding
Chic T H b Southeastern 1st
115
100
.1990
98% 100
J-J
106%
~6
..1964
98% 100
100
J-J
106%
101%
mtge 3 Vis ser E
96
99
99%
J-J
30
101
*111'/a 117
__
J-J
.2015
inc 4%s series A..
Gen mtge
1st cons
13
98
J-J
107
1st cons
72
*107%
99
114% 115
103%
105
99%
96%
21%
__
J-J
High
102
141'%
14
20
—
A-O
..1962
January 1
Low
102'%
Railroad Co-
Brie
76%
A-O
..1965
...
Range Sines
98
deposit
of
..1965
scamped
5s
A4s
4s
Certificates
60
Sold
No.
132
86
—
J-J
1999
mtge 3s ser B
......
,.1989
tl a Chicago Railways 1st 5s stpd
25%
part paid...
—..1927
tChicago Rock Island b Pacific Ry—
A General
155
97%
89%
20%
J-J
1958
1st
a
115'%
102%
95
—
J-J
M-N
J-J
4Vis
mtge conv income
2nd
112%
Ohio
—
Chicago & North Western Ry—
v
5
66%
Bonds
*105
30
71
96
J-J
tChic MJlw st Paul It Pae RR—
A Mtge gold 5s series A
..1975
AConv adjustment 5s
Jan 1 2000
;Sk
M-S
Elgin Joliet ft East Ry 3%s
96
96%
1947
series B—1947
C——1947
A..—.—.1968
Ma? 1968
—
b St Paul—
May
3 Vis series B—May
series C
May
series E
May
series P
May
..19/0
High
*102
'
Ryf-
tChicago Milwaukee
A Gen 4s series A
Range
Friday's
J-B-
115%
*140%
—
—
Chicago Ind ft £ou 50-year 4s
AGen
«...
—
J-J
Ind & Louisville
ARefunding 6s ser A
A
65
*._
66%
M-N
M- N
2038
4%s
inc mtge
or
Bid ft Asked
..1950
111%
113% 114%
103% 104
■
J-J
...—1997
(convj
inc
r
High
Empire Gas ft Fuel 31/2 s
1st mtge,
1 Chicago
®
113%
F-A
3%s ser B
1985
Chicago Si Erie 1st gold 5s
1982
Chicago Gt West 1st 4s series A—1988
4
112
F-A
1974
mtge
8 ale Price
Low
79
111% 112
J-/
ft Eastern 111 RR—
A Gen
if
Last
Period
Elec Auto-Lite 2%s debs
—1958
.—1977
General 4s
Interest
Stock Exchange
York
New
Chicago Burlington ft Quincy RR—
1st &
ffeek'i
Friday
BONUS
Range Since
Bid ft Asked
Bale Price
-
Chicago
SEPTEMBER 28
,
Stock Exchange
New York
FOR
Friday
Week's Range
«
Idwtr^; er Friday'sBonds
BONDS
Purchased
line3
__
__
103
103%
A-O
101
101
101
101
M-S
*62
75
70
J-J
84%
75
99%
103
99%
93'%
7
1953
M-N
97'%
97
97'%
36
84
1955
M-N
104%
104
105'%
57
94%
1966
F-A
87'%
150
74
Cairo.Bridge gold 4s
1950
Litohfield Div lst gold 3s
1951
Louisville Div ft Term gold 3'/2S_l953
'Omaha Div 1st gold 3s
1951
8t. Louis Div & Term gold 3s
1951
J-D
105'/a 105%
1
100
105%
99
IOOV2
103
Collateral trust
114
•'
3'/2S
1952
gold 4s
Refunding 5s
40-year 4%s
93%
93'%
36%
87
971/2
1071/4
96
•
Commonwealth Edison Co—
Conv
debs 3Vis
—.—1958
1st
mtge
1977
series L—
3s
Ry ft L 1st ft ref 4Vis——d-1951
Conn River Power s f 3%s
—1961
Conn
Consolidated Edison of New
3Vis
105%
J-J
123'% 125
51
116
126ya
106'% 107
22
105%
108%
111%
1-12%
105 »/2
107%
*111
F-A
106 Vi
106'% 106'%
A-O
102 Vi
A-O
104'%
J-D
102
104% 104%
2
102
105%
20
104%
107 '%
101
105%
J-J
61'%
62'%
J-J
62'%
62'%
J-J
debs—_—.1965
*101% 102%
~~5
2
J-J
57
100% 100%
10
1st
1st ft
75 '/a
74
100%
lACuba Northern Ry
A
J-D
103% 103 %
*53%
46%
—
1952
1st 5s gold
RR
103%
J-D
receipts
Deposit
ACuba
1955
1942
f debs
1st 5Vis
ref
Ind 111
100%
48
J-J
102%
46V2
10
611/4
83
80
45
45
40%
J-D
*63
66
66
ref 5s
series
mtge 4s
Iowa
ft
1948
*43
45
41%
52
*62%
66
*42
45
A 1st
68
"...
Deposit
1948
J-D
1959
A-O
__
.
85%
51%
6s
A 1st
5s
J-J
F-A
1st
1963
A
SAInternat
Intcrnat
4s extended—1963
Lack
Delaware,
N
West RR
&
Co—
r
106% 106%
J-D
*103'%
*102
M-N
101'%
100% 101%
67
10V/2
103'/a
100 y4
gtd 4s
J-J
94'%
123
8i%
89 %
93 Va
38
88
54
78 Vi
73%
84%
*81%
■J-J
—
14
1C5 % 106'%
106'%
*81%
—
M-S
105
95%
75
95
92
106 V4
97%
*111
A-O
10
106% 107
106%
J-J
106%
103
J-J
1956
H^dro El deb 6s
Paper>S3x8eries A
6s^series
A
82%
54%
58%
85
78%
58%
84%
89'%
m-n
103%
105 Va
106%
111%
*103'/a
J-J
102
—
101
J-D
J-J
105
103%
95%
1C5'%
102'/a
99
100% 101 Va
105'%
-F-A
1961
891/2
103% 104
104
M- S
1959
74%
89%
108 »/a 108%
-J—J
1972
62%
23%
87%
88%
85
78
76%
-
46%
76%
77'%
A-O
1944
ft B__-_1947
1955
77'%
44
44'%
J-J
July 1952
1958
—
82'%
A-O
*—->.1952
B.,
108%
105%
J
103%
James Frankl ft Clear 1st
103 y*
98
99'/2
97
Jones ft
4s
Laughlin Steel 3Vis.
h
96
23
88%
103% 104
15
102%
1041/4
103
1071/s
96
94
104
99
Y, Lack & Western div
1st
ref
&
Income
Delaware
M
1973
C_.
ser
M-N
due
Light 3s
Grande RR—
1993
M-N
1973
1936*
95
A-O
4s—
consol
IA 1st
5s
mtge
Power
^Denver ft Rio
&
Vis—.
J-J
65%
18%
F-A
15
A-O
61%
.
AAssented
A Ref
Detroit
& impt 5s series
Edison
4s
B—.—..1970
series P
Gen
ft
ref
Gen
ft
ref 3s series H_.
...
mtge 3 Vis series G
.
Detroit
Term
ft
Tunnel 4Vis
Miss ft Iron Range Ry
3 Vis
1st M 3 Vis
1
19
12%
59%
106%
106% 106%
J-D
56%
56 %
J-D
36
38
19ol
M-N
A-O
>106
198f
J-J
J-J
56%
106%
57
76 Vi
19
211-
""X
54%
106%
.5,..
71%
109%
,
106
1
43
56%
20
28
38
&
109
110%
114%
106
'4
45
24
105
109 Vi
•
A-O
*106%
—
95
81%
1950
-A-O
90'%
9
80%
103'% 105'%
2%S..__1974
Kentucky, central gold 4s..i.-^i^.l987
Kentucky ft Ind Term 4%s*
.1961
Stamped
i.i
—1961
89
A-O
1961
J-J
|%g" unguaranteed..^^.*.^.i..l96i
1997
105
J-J
91%
89%
1936'
90'%
A-O
;
Ry 1st 3s_
Plain
__
Ry— :
Kansas. City Terminal Ry
39
v
f ARefunding gtd:
ACertificates of::deposit_.
Kansas City Southern
108%
106 %
106'%
106'% 107'%
Kansas City Fort Scott ft Mem
21
>113% 114'%
1962
61
K
v.
Kanawha ft Mich 1st gtd gold 4S..1990
75
5%
61%
J-D
.*59
5%
>106'% 106%
1970
78%
109
222
108% 108%
M-S
105
57%
1,016
15'%
A-O
tJADul Sou Shore ft Atl gold 5s—1937
Duquesne Light
t15%
198
64'%
1963
1995
gold 4s
64%
95
106
65%
1968
Detroit ft Mackinac 1st lien gold 4s 1995
A Second
16
64
J-J
F-A
4
16
62
>105% 106%
1936
gold
-4 AConsol
95%
59%
61%
TDenver & Rio Grande Western RR—
A General s f 5s
1955
Dul
103
102%
96
100 %
"
—
102%
100 %
__
93
100
*101% 103
93%
J-D
ft Teleg deb gold 4%s—1952
Debentures 5s
.1955
A-O
89
*103%
J-D
1950
..1956
gold 4s
A;—,
series
series
Ref sink fund
103%
D
Delaware & Hudson
96'%
95'%
__
J-D
1963
Int Telep
J-J
82%
*100%
.1963
Int Rys Cent Amer 1st 5s B*
Dayton P & L 1st mtge 33^..—..1970
Dayton Union Ry 3 Vis series B—15S3
Deere & Co 23%s debs
1965
83 %
94
95'%
.
gold f>s series C
50'/a
.
100%
J-J
1951
D
ser
AAdjustment 6s series A
A 1st
71%
61
41
101% 101%
~
95 %
92 %
*__
^International Great Northern RR—
40'%, 50%
*79
"
45
*.'
receipts
A7Vis series A extended to.
A Deposit
receipts
A 6s series B extended to—
A Deposit
receipts..
Curtis Publishing Co 3s deb.
A
J-J
Indianapolis Union Ry 3y2S ser B.1986
Inland Steel 1st mtge 3s series F—1961
103%
50 '%
54%
101%
92
F-A
1951
ref 41/2S series C
1st
tAInd ft Louisville 1st
Crucible Steel 3 Vis s
*__
J-J
1951
Joint
74%
53%
57»
*100% 101%
J-J
HI Cent and Chic St L & N O—
'
65
3%s
Springfield Div 1st gold 3'/2s.
Western Lines 1st-gold 4s
Registered
103 '%
104 Vi 104%
J-J
25
1955
...1958
4s
4s
Continental Baking 3s
7
102'% 102%
1951
1954
\Ry non-conv deb 4s
Debenture
A Debenture
A
F-A
Gold
—1958
debentures—...
Consolidated Oil conv deb 3 Vis
t a Con sol
125
2fork—»
debentures———JL—1948
debentures
JL
—1956
3Via
J-J
'+>**'■
- ""
't- '
*120'%-
J-J
*106%
J-J
*109%
„
*105y8
Kings County El L ft P 6s
A-O
Koppers Co 1st mtge 3s
t AKreuger ft Toll 5s: ctfs
*182%
v
"
1964
1959
M-S
1997
1997
J-D
1975
Dec
118%
—
63
—
.
5%
79
109%
102
102
173%
183 ya
102%
105 Va
53
4%
8
105%
111
102%
108 Ya
—
6%
106%
27
—
-
118%
104
,
•
6%
91%
101
„
■103% 104
A-O
92%
105'/4
'
77
*62
J-J
93
71
.
103%
L
Lake Sh
Tenn Va ft Ga Div 1st 5s
Ed El 111 (NY) 1st cons
gold 5s
&ast
For
footnotes
see
page
1536.
1950
M-N
1995
J-J
31/2S
*119
*157
ii6y«
119%
151
158%
ft Mich Sou gold 3%s
registered
110
-110 v.;
*1077/a 109
J-D
Lautaro Nitrate Co Ltd—
A 1st
mtge
income
reg
55 Va
53
55 y8
6 "
50 v
81
///
'
.
//;•//
■■:XX:X\'XMXXWX>
/
■/ /W/
':
.Volume 162
,!'>-
!•
:;m-«''V:'.-'. ';
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4425
153$
NEW YORK BOND RECORD
:.T.'
1
RANGE
■
'
■
'
BONDS
New York
Stock
•
Last-
:
■'
or
Sale Price
Bid & Asked
-.1960
5s
1954
stamped
1st & ref sink fund
5s
1954
,1964
5s_—
stamped
11
105 Vi 105 y2
A-O
104
*QQ
89'/4
99
99
Vi
N
^..1974
F-A
*90y8
F-A
*90y8
stamped
Val Harbor Term
Lehigh Valley
N Y
gtd 5s
4 Vis
1954
1950
ext
Lehigh Valley RR—
4s stamped modified
4s registered
4V2S stamped modified
4%s registered
5s stamped modified
2003
2003
.—2003
.2003
2003
Lehigh Valley Terminal Ry ext 5s_195l
Lex & Eastern 1st 50-yr 5s gtd
1965
Liggett & Myers Tobacco 5s
1951
Little Miami gen 4s series A——1962
Long Island unified 4s
Guaranteed ref gold 4s
4s
stamped
.1949
.1949
1949
.
Lorillard (P) Co deb 5s
1951
1963
debentures
3s
Louisiana & Ark
3%s
& EJec
Louisville Gas
Louisville
5s series A—196S
1st
81%
82%
15
73%
881/4
89'A
35
8oy2
52
51
52%
723
45%
64%
M-N
55
49%
54
52
47
4
59%
6iya
82%
1181/2
M-N
106 »/2
F-A
118%
A-O
104%
104% 105
1031/2
1031/2 104
18
103
105% 105%
10
105%
101 VB 107%
53
106%
95%
A-O
107%
A-O
96%
F-A
'100% 101
1980
MS
1021/2 104
1955
&
ref
M
3%s series F
&
ref
M
2%s
G
ser
Paducah & Mem Div 4s
St Louis Div 2d
M-N
116j/4 1161/4
gold 3s
Cine. Div 4s
Knox &
961/4
96%
lOli/a
ref 41/2S series of 1927—1967
1960
J-D
B
1954
Manati Sugar 4s sink fund—Feb 11957
AManila RR (Southern Lines) 4s
1959
mtge
coll 4s
&
ser
A
ser
McCrory Stores deb 3J/4
1955
M-N
85
84%
Lans
&
Southern Ry
1st
j-j
72
AGen
Ste
*98% 102
*107
107%
M-N
321/4
95
2014
A-O
series A
901/4
63%
..1974
q-j
q-j
Q-F
q-a
—.1997
& Id gold 3s—.Jan 2047
registered
2047
—
Ref &
impt 4%s series
A
.2047
..2047
113%
;
77
181
j-j
104%
103
103%
103
6
99i/e
102 i/a
11
16'/4
25%
101 %
M-S
3
101% 102
108% 108%
IX 117
Power Co—
States
(Minn) 1st & ref mtge 3%«..—1967
1st mtge 2%s.
——1974
111%
1st mtge 3%s
1964
F-A
f
104% 105
>
f-A
*103
MS
*307%
104%
_.
107
102.;
107%
104
110
104%
tOgdensburg & Lake Champlaln Ry-
911/2
104 7/8
*105
1 99% llli7,
93% 110%
Z 93% 110%
105
75
83
A-O
,
28
•: 57
107%
98%
107%
12,
89%
89%
109
; 87
102
105%
*107%
M-N
115
143
104
102
119%
72%
71
104%
j-j
*100%
128
25
2047
M-S
138 Va
106%
"
81 Va
2047'
Northern
75
136%
108%
19
97% .98%
111iS 111VS
v
,
124
75
j-j
102%
47
133%
'
79
98%
S
136
113%ii4;
;*no% 111%;
impt 5s series C
251/8
108%
89%
7
'
/
81%
j-j
impt 6s series B—
5
impt 5s series D
25 Va
109%
>
107
38
*127%
m-s
registered
63%
*138
M-S
prior lien 4s__1997
95%
62
A-O
3s
107
12
135% 135%
j-j
...1998
ry
162
33%
32
35
106 ,110
25%
44
;
307% 107%
A-O
48
98 Va
93%
—
Co—
series
ref 4%s
rr.
*107y4 108
M-S
80
26
32%
Ref &
971/2
.
A 1st
J-J
guaranteed 4s-.
1st mtge 3s
106
97
97
97Vi
15
941/2
J-J
681/2
68
691/2
68
65
J-D
84
83%
84%
118
771/4
1962
J-J
85%
84%
861/2
33
79%
74%
75
941/4
93
95 Vi
F-A
J-D
mtge.
2%s
..1948
Guaranteed stpd cons 5s_._
93%
Oregon-Washington RR 3s ser A ..I960
1041/a
20%
30%
103%
106 y2
99%
.i
99'
■
99%
5
:■
101
99%
9
1017/s 1017/8
*102% 107
*
J-J
41
20
24%
A-O
1st
25%
104% 104 %
99
!
99%
25%
M-S
..1975
Ohio Edison
81
,
"
s
..1974
Oregon RR & Nav con gold As— ..1946
Ore Short Line 1st cons gold 5s.. ..1946
116'/a
120
1990
1st 4s
Mo Kansas & Texas
tl%
31
Ref &
J-J
1971
——1991
20
30%
52%
f:
46
A
Gen lien
Marie—
A
ser A
ser
13
32%
Oklahoma Gas & Electric 2%s— -1975
& Sault
4V2s inc
mtge 4s inc
107%
71%72%
■
F-A
F-A
Ref &
J-D
mge
108
1051/2
1939
St Paul
105%
105 %
U
106 i/a
J-D
A 1st
89
103%
t§ AMilw & Northern 1st ext 4Vis—1939
Minn
74%
102%
J- J
A§consol ext 4Vis
13
84
.
103 7/8
1951
1st gold 3%s
—1952
Ref & impt, 4Vis series C
1979
Michigan Cons Gas 1st mtge 3V2S.1969
IS A Midland of N J 1st ext 5s„_—1940
3%s
4%s
17%
101%
17%
105% 106%
mtge 5s conv inc
mtge
AGen
(Wise)
Sag
1966
,1955
4%
100'/a
88
*105% 106%
j-j
1st 4%s
56
26
83
J-J
*
.1946
Micrugan Central—
Jack
:
11%
U
M-N
1965
1st 3%s_—_—.1963
83
22%
104
100 % 101
81%
108%
10%
*11
100 y8
59 y«
>
21%
*__
F-A
(Chic)
93%
45%
107%
A-O
A-O
El
82»/a
25
—
M-N
4s__1938
Side
63
100% 101%
j-j
M-N
Metropolitan Edison 1st mtge 2y«s-1974
Metrop Wat Sew & Drain 5'/2s
1950
t§AMet West
10%
1967
101%
801/4
43
85
21%
j-d
.1937
1937
1940
1943
821/4
100
M-S
1955
Norfolk & Western Ry 1st gold 4s_1996
North Central gen & ref 5s
1974
1161/4
65%
15
74%
74%
83%
•
279
68
*108
A-O
4s
72%
741/2
1992
4s
Northern Pacific Ry
3-D
1st
4V2S
RR
54%
v.
188
;
77
56%. * 77
26
34%
66%
-
M-N
Light 1st mtge 2%s_1975
Putnam 1st cons gtd 4s
.1993
Gen &
Central
61 Vi
-
86%
.
75
56%
79
70%
69
33%
M-S
102%
M
Maine
j-d
91
74%
55
\
76%
54%
55
61%
85,
••
1954
4S
Norfolk
1021/4
114 i/a
3
70
33%
58%
v
112
63ya
.
60%
■
86
Niag Lock & Ont Pow 1st 5s A.
97
100
.
62%
M-N
t§AN Y West & Bost
1111/4
19
2003
2003
11946
1st
62%
j-j
Niagara Falls Power 3y2s
Nashville RR—
&
63% '
A-O
*§AN Y Susq & W 1st ref 5s
5 A 2d gold 4V2s
IA General gold 5s
A Terminal 1st gold 5s
N Y Telephone 3y4s series B_.
107
M-S
62%
1957
N Y Steam Corp
105%
8 <''
15
1940
4s
N Y Queens El Lt & Pow 3%s
105%
103'/2
42
63%
100
91% 107
28
61
61%
62%
j-j
N Y &
120
J-J
62%
61
611/4
1948
AGeneral
107%
118% 120
6s
deb
84
,.
7
:
,/
j-j
17
/
61
*.
M-N
1950
tAN Y Ont & West ref gold 4s
108
106%
106% 106%
,
-.1956/
certificates 3y2s
,,:
A-O
N Y Power &
107
1
106% 107
MS
4s__
1st
116
15
MS
deb
L.....1955
■'
116
110% 115%
85
t A Harlem River & Port Chester—
121
1091/4
*115
MS
4s...
A 1st &
1321/2
1181/2
25
118 »/i 1181/2
deb
''
115
...
84
;^;92jyv:83;:;;:-
5 A Collateral trust 6s
931/2
127 V4
*1201/2 1331/2
A-O
84%
M-S
.1947
.1954
January 1
Low
High
108% 116%
114%
*115y4
/
ADebenture
76%
106%
A-O
f
M-S
.-.1947
4
3%S:
3%s
AConv
66%
781/2
7
4s
deb
deb
a Debenture
71%
*
53%
100
82
59%
A-O
47%
109
56
52
M-N
Range Bhico
Bold
No.
♦-
M-N
ANon-conv
69%
451/4
*47%
Bead*
High
*108
.
^1973
ANon-conv
96%
M-N
/
M-N
ANuu-ccnv
91
89%
1968
1st
Atl
82
J-J
j-j
j-j
1973
ANon-conv
95
F-A
deb
ANon-conv
;
Leh
••X./jr-IT;
fN Y New Haven & Hartford RR—
90'/8
87'A
.2000
2043
2043
Mtge 4s series B
N Y Lack & West 4s series A
4y2s series B
951/2
SB'/a
gold 3%s
Mtge 4s series A
93
89%
921/a
*90'/a
1974
~2
—
Harlem
&
V.
100%
92
—
90'/a
90'/2
Y
106
100%
98
21
100
Friday's
Bid & Asked
Low
1061/4
104%
100%
*88%
F-A
1964
..
1st & ref sink fund 5s
5s
105 y2
J-J
or
Bale Price
Period
Hi oh
Low
No
'
;
& ref sink fund 5s
1st
•
1954
Week's Raage
Last
Interest
Stock Exchange
New York
Range Since
January I
Sold
High
Low
Lehigh Coal & Nav s f 4%s A
Lfehigh & New Eng RR 4s A
Lehigh Valley Coal Co—
28
Friday
Bonds
Friday's
'
Period
SEPTEMBER
ENDING
WEEK
Week's Range
Friday
Interest
Exchange
FOR
100%
1017/a
103 Vi
102%
105 Vi
102 7/e 102 7/a
•i
v.
•
~6
102%
105%
105% 105%
102%
J-J
20
104%
106%
5.
.
A-O
Missouri-Kansas-Texas RR—
Prior lien
series A
5s
.1962
40-year 4s series B__
Prior lien 4 lis series
a Cum
adjust 5s
721/4
J-J
1978
D
J-J
Jan 1967
series A
A-O
11
651/2
6
691/2
179
64V2
74
98
P
88
891/2
.1946
J-D
j-d
105% 105%
Pacific
Gas
&
A
1st & ref
A
General
A 1st
& ref
A 1st
&
5s
series
89
851/2
M-S
54%
51
89
54%
89
85%
89
73
89V8
851/2
891/4
687
721/2
951/4
M-N
40
38
41
994
14%
431/4
88%
86'/a
89
108
72%
89 »/s
85'/a
89 i/a
566
72>/2
1st gtd gold
82%
83
Morris
M
100
103
1955
M-N
1955
—1968
M-N
—1947
M-N
A
Constr M 4Vi« series B_
3Vis
Mountain States T & T
Mutual Fuel Gas 1st
gtd 5s
4
107
106%
:
96
66%
681/e
63
62%
78%
81
59
66
77
86%
74%
73%
75
66
63
•79%
1061/4
J-D
5
1051/2
108
Penna Power &
109%
107%
106 >/4 1061/4
3%s—^.1960
Pennsylvania, Ohio & Detroit RR—
1st & ref 4%s series B-__——-.1981
1st & ref 3%s ser D
1968
103
67%
J-D
Pennsylvania Glass Sand
1011/2
101'/a
58-1949
Pennsylvania Co—
Gtd 4s series E trust ctfs_—1952
,
104%
"5
100
*102
J-J
Paterson & Passaic G & E cons
'
105%
1051/8 105%
J-D
'
79%: 91%
8
*1041/2 106 %
M-N
series
5s
F-A
ext..—1—1951
.—1958
1st gtd 3Vis
12000
5s
& Co 3s debs
Essex
&
Constr
1966
ref 3%s
&
mtge 3Vis series C—...—1966
Paducah & 111 1st s f gold 4V2s
1955
Panhandle East F L 3s B
..I960
Ref
95»A
M-S
B..—1966
Pacific Tel & Tel 3y4s.series
951/4
F-A
Monongahela Ry 3Vis series B
1st
:
672
M-N
A-O
5s series I
Tramways
951/4
M-S
1949
1980
gold 5s series H
ref
Power
,
4s—1991
1966
ref
&
Montana
95
59%
—1981
&
A 1st
Montreal
721/2
33
1977
A 1st
Morrell (John)
142
1,023
1978
G
gold 5Vis
Moh'k & Malone
F-A
1975
-
5s series F
ref
AConv
.1965
5s series A
4s
110
1969
Light 3%s
4%s debentures
Pennsylvania RR—
—
1974
.
1948
gold 4s—
-----4s sterl stpd dollar
May 1 1948
1960
Cons sinking fund 4y2S—,—
1965
General 4%s series A
Consol
N
Nash Chatt & St L 4s series A—1978
F-A
Nat
J-D
Dairy Prod 3Vis
National
&
Steel
1st
debs
mtge
—I960
1965
3s
99%
15
99% 100
961/2
1954
M-N
5s
1948
gtd 5s
1945
1945
J-J
a Consol
New
gtd 4s
_
New
England Tel & Tel 5s A—
gtd 4 Vis series B
RR gtd 1st 4s_:
Jersey P & L 1st mtge 3s
New
Orleans Great Nor 5s A—
1st
1952
1961
.1986
J Junction
N
105
107
mtge 4%s series
Conv deb 3%s—
112%
Gen
A
Certificates
a
5s
series
of
Certificates
A 1st
5s
A 1st
a
4Vis
J-J
t
95
1021/4
16
113%
S
*1061/4
*_.
1061/2
100
107%
1151/4
100%
108'/a
104
108
General
'
A-O
A-O
77
921/2
•'
77
1
»
-
—
70
4' ''
29 j:
93%•
92
86
77 '
r
77
80
98%
—
;95
F-A
94
91
81
94
deposit
D
of
1958
F-A
87
deposit
a certificates of deposit
80
97%
80
93
17
89
81
A-O
97
95
*_.
■
t-
83%
__
33
97%
99
3s
Y Central
RR 4s
Ref & impt
Ref & imnt
99
N
Y
/
v:,
Cent
series A
1998
F-A
90%
88%
90%
261
80 ?£
2013
A-O
89
87%
89
272
78%
& Hud River
..2013
3Vis
J-J
coll gold 3Vis
registered
Mich Cent coll gold 3Vis
3Vis registered
3 Vis
,
1998
F-A
1998
1998
F-A
101
'
F-A
87
87
*83
83
81%
*68
New York Chicago & St Louis—
Ref
Ref
N Y
N
Y
mtge 3%s series
mtge 3Vis ser E
D
J-D
1965
A-O
Dock
1951
F-A
1st
lien
&
ref
Purchase money gold 4s
*For footnotes
see
page
1536.
18
;
11
100%
■
97%
?
25
83
—
■£.
99 y2
v
107%
Beries I
105
Beries
87
94
81%
?
95
81
100%
107
Gen
Gen
Pitts Steel
j
1st mtge
103% 103%
1061/4 1061/4
J-D
111
HI
F-A
108
108-
100%
11
103% 104
1948
2
109
104%
103%
l07'/2
1
105%
111
113%
2
108
£ 110%
Pitts
[
1st
1
1st
!:
109
2
■
.
*106
'
v'
109%
3
105%
307%
105II
105% 105%
m-n
108%
107% 108 Vi
15
38
118%
20
36
126%
118%
126%
17
118%
104% 104%
19
103%
j-d
119%
j-d
C'/X
119% 120
,
,
s
,
104
104 Vb
151
107% 107%
1
1960
A-O
81
81%
14
1990
Apr
61
63
1974
F-A
1980
M-S
.1952
J-D
62
78%
8
49%
106
100
ifX-6
j-d
100%
131%
5
*102% 102%
91%
70
107%
—
138
128%
105%
2
106%
106
134
126%
106 y4
108 Vi
131%
1967
M-N
102%
102% 102%
44
102% 1041/4
101% 104y4
1974
M-N
101%
101% 102
39
101%
1962
M-N
106% 106%
10
104%
1963
M-S
307
12
106
107
—1964
j-j
21
27%
28%
28
.1937
28
'
:
1
'
'
24
102% 103
F-A
15%
148
,
—J963
4%s—1964
1970
Pitts
lit
'
1st
*et
3%s_1964
*101
..
*113
M-N
15%
104%
106%
-107
30
28
101 y4
103%
101%
II
;
102
106%
F-A
J-D
M-N
II
107
.
2
V
F-A
-lit
::
M-N
::
129 y8 129 %
*129%
120 ya
A-O
113%
113%
'
*114
F-A
J-D
115% 115%
113%
116 V*
114
114
123
'
115%
126%
124%
9
127
128% 134
129
...
136
A-O
105%,
105% 105%:
3
105
109
m-n
._*•
103% 103%
2
101%
10«V«
5
104
1
103%
106 Vi
106%
12
84%
.99ya
J-D
J-D
3-D
A-O
A-O
3-D
F-A
105% 105%
__
305
105
96%
..
96%
.
sv
? 105
96
95%
95%
105
V *125 */a
J-D
*127
J-D
'*117
96%
95%
96%
105
1
13
1
—*4
f
103% 106%;,
—
._
130% 130%
106
96 Vb
24
VB 104%
♦133
F-A
j-j
j! j
100%
104
100 ya
<•
■
102% 106%/
107% 109%
*106
f,
\
108%
128%
124%
126
1971
108%
107%
124%
—
126
126
1961
107%
8
*107%
F-A
1977
;
f
105%
F-A
1974
107%
106% 108%
27
m-n
;
106%
3
A-O
4s—
114
111
108%
106% 106 %
106%
F-A
,
107
105%
105%
"5
106
106
j-j
.
110%
108%
—
■
119% 120
1st mtge 4yas—
1950
4%v series B
1950
& W V* 1st 4%s series A
1958
mtge 4%s series B
1959
mtge 4%s series C__—1
1960
Young k Ash 1st 4s ser A—1948
gen 5s series B.
1962
gen 5s series C
1974
4%s series D
1977
i
102
A-O
cons
Pittsb Coke&Chem 1st mtge
106%
100%
106 y4
103%
'./111
*108
91
104%
2
j-d
j-j
107
>
'
—
110% 110%
m-n
119 Vb 120%
series B————1975
mtge 3%s ser E—
1975
11
107
*112
m-s
129 Vi 130%
mtge 5s
30
A-O
4%s
guaranteed
mtge 5s series A—
J
100% 1011/4
107
cons
Gen
97
83
83^8
1966
v;/;";:
85%;
-■
"-.I '''"s
88
1949
N Y Gas El Lt H & Pow gold 5s
.
871/2
1965
3Vis series E
.
98
•mlm*
:.,V! 2
105
109
;: 107%
"
-
120%
D 4s
105% 106'/a
J-J
Connecting RR 3Vis A
gold 4s
N Y Edison 3 Vis series D
1st
1975
1980
185
95
100% ioiy4
98
F-A
...1998
93%
95
J-J
Lake Shore
1
A-O
1997
105
120
guaranteed...
1945
gold ——
1949
Series F 4s guaranteed gold
1953
Beries G 4s guaranteed.—
1957
Beries H cons guaranteed 4s——I960
Beries
94%
xegdstered—^a_1997
3
*98
m-n
129%
Pittsburgh Cine Chi k Bt Louis—
.
94%
4Vis series A.
5s series C
j-j
106%
105%
;
,
A-O
Series E 3%s gtd
N
105
54
v
107%
108
83%
83y« 101 y4
83
™
*
108 i/a
m-s
3s—
2%s debs
*
j-j
——
Phillips Petroleum
105%
*105y4 106%
A-O
j-d
108%
107 y«:
104%
87
1952
tJAPhUippine Ry 1st s f 4s
A certificates of deposit—.—
95
105
j-d
/
105
,; 105
1
:
j-j,
1968
105%
.
106
105%
.v
1985
ref 2%s
debentures
106
105
1947
—
gold
Philip Morris Ltd deb
96
32
..
__
..1956
and
lst
-
deposit.
—
4%s series C——.
Philadelphia Co coll tr 4%s_.
Phila Electric 1st & ref 2%s.._,
^ 1st '&iref- M2%s.^-..«r.------
104% 107%
11
F—;
Phelps Dodge conv 3%s deb
Phila Bait & Wash 1st gold
General 5s series B___—
106 Vi
104%
—"
108
1061/2 1061/2
mtge 3ye s ser
E
Peoples Gas L & C ref 5s
—
Peoria & Eastern 4s ext
----AIncome 4s
........Apr
Peoria & Pekin Union Ry 5%s—.
Pere Marquette Ry 3%s ser D-.—
123%. 126
•
—
____
A 1st 5 Vis series A.————1954
.
104%
1
*1051/2 107
J-J
..—.1954
of
series
Certificates
M-S
deposit
of
a Certificates
*1001/B
96
.
113% 114
*124%
F-A
J-J
C
series
114
97
M-N
1983
B
51
98 Vi 1C0
97
J-D
..1952
tNew Orleans Te? as & Mexico Ry—
jANon-cum inc 5s series A
1938
A 1st
*107
100
Gen
1
105% 105%
'
105
1984
General 4'As series D—t
.
105%
j-d
j-d
j-d
1981
—,—
106%
J-J
gtd 4s—.—1959
N O & N E 1st ref & imp 4%s
New Orleans Term let
1974
series B
1081/4
104
J-D
cons
5s
1061/4
11
110%
tAN&xgatuck RR 1st gold 4$
Gas
General
23
105% 106
106
Newark Consol
tANew England RR
104%
1071/4 1071/4
A-O
102%
t
1st & ref mtge
tMlssouri Pacific RR Co—
XX101
101% 101%
3% s series I—..I960
1st & ref mtge 3s series J
„_1970
1st It ref M 3s series Kj..^_.._. 1971
1st & ref M 3s series L
k-1974
1st & ref M 3s series M
1979
1st gold 5s
Electric Co—
Coast Co
Pacific
112
.
84 Va
84%
99%
99%
105
106
125%
125%
BOND RECORD
NEW YORK
'J';:'
BONDS
New York
Interest
EiehtBf*
Stock
Period
El
Potomac
v
1964
1966
5% lnc deb
_»Plttston Co
M 3%s
1st
Pwr
1977
1957
1956
mortgage 3 y4s__,.—i
1st
lAProvidence Securities 4s
J A Providence Terminal 4s
ref mtge 3s
ref mtge 5s
ref mtge 8s
*
1st
let ft
.
3%f—..1968
—1973
—2037
Public Service El Si Gas
1st ft
;
2037
BONDS
Week's Range
Friday
or Friday's
"'-'Last
Bid A Asked
Sate Price
Range Slnee
January 1
Low
High
Sold
No.
1
100% 100%
J-J
104 V*
113
;
lst
ref 3s series C
&
ASpokane Internat 1st gold 4%s—2013
Oil of Calif 2%s debs
1966
Stand
43%
303% 103%
110
109%
110%
108%
107%
108%
155
110
,
*108
Oil Corp 3%
1964
J-J
5
102 J/4 102%
—
Gas
Remington Rand deb 3%s
Rensselaer ft Saratoga RR Co—
for 1945) due_1975
Revere Copper & Brass 3y4s_.
—i960
JfARio Grande West 1st gold 4s—1939
v
A 1st cons ft coll trust 4s A——1949
; i-,Oen
1965
M-:N
-
A-O
69
71
108
103
3
105'A
1977
1967
:1967
1969
1934
1949
1941
!'
98 Ve
75
71
M-S
*125%
M-S
62
*108
-
Tenn RR of New Orl
Pac
11
24
1947
1996
51
Gas ft Elec
gold 6s—
1996
tSt Louis Iron Mountain & SouthernRiver ft Gulf Division
;
' '
2d
93
*91 %
101
—
101%
110%
112
106%
108
125
129
1
105'
8
3
110% 110%
107 %
*107
-
—
13
125
125
109%
:
105%
105% 105%
104
107%
'
Af-N
107
106% 107
21
105%
108%
2000
J-D
135>A 135%
19
130
150
3%s_.1974
J-D
102%
103%
85%
94%
46
60%
107% 107%
—
*103%
—
J-J
89
88%
89%
26
A-O
50%
50%
51%
130
J-D
*102% 105%
*ioiy4
102%
„
„
j
105
101 »/4
—
J-D
103
MS
1960
F-A
Union Electric Co of Mo 3%s
1971
H O CO
105%
7
30
—1945
»
103%
!
961/4
f
81
95
79%
..
—
U
106%
.
105% 105%
Af-N
debs
27
103 %
A-0
106%
106
A-O
lst gold 5s_.. 1949
Tri-Continental Corp 3Vu
104%
106%
93
105
104 Y*
102
*101
—
125
75%
16
17%
9
J-J
J-J
":;"
F-A
lst gold 4S..1946
Ham & Buff
*28%
A-O
—
J-J
1947
J-J
104%
—
land
grant 4s
104%
106%
104%
104% 104%
104
104 y2
13
A-O
17
104
107
104 y2
104
104 y2
17
103%
J-D.
106'A
106% 106%
14
106 V*
109%
!
104 y2
107%
|
98%
104
!
—1955
A-O
105% 105%
4
1959
Af-S
102% 102%
5
A—1956
F-A
...
32
105
103
6
M-N
1970
1971
...1980
deb
Ref mtge 3%s series A.
United Biscuit 3%s debs.
Universal Pictures 3%s debs
35-year 3%s
113%
20%
—
—
103% 103%
1967
34-year 3%s deb
j
(
110
*110% 111%
Pacific RR—
&
lst
*106
A-0
__
'
lst ref 4s
-I960
AAdj income 5s
Jan 1960
Tol ft Ohio Cent ref ft Impt 3%s__1960
Union
1966
Saguenay Pwr Ltd 1st M 4%s
St Jos & Grand Island 1st 4s
St Lawr Si Adir 1st gold 5s
T
105% 105%
J-J
Third Ave Ry
110
98
2iy2
23
*105
105%
J-J
15 A Union Elev Ry (Chic) 5s
Union Oil of Calif 3s debs
72%
'
20
23 %
107%
108%
109%
108%
71 V
72
J-J
it
106%
1966
Trenton
109%
—
*108,/ll6%
J-J
105%
103
^
Pacific-Missouri—
Texas
•
I
79%
108 %
Af-S
66%
103%
105%
12
29
1950
Pacific 1st gold 5s
Texas ft
]
—
M-S
M- S
/ii
1959
deb
Company 3s
debentures—
3s
Toronto
Elec Corp—
Gen mtge 4%s series D
Gen mtge 3%s series H
Gen mtge 3%s series I
Gen mtge 3V4S series J
IIAR I Ark & Louis 1st 4%s
f A Rut-Canadian 4s stpd
If A Rutland RR 4 Vis stamped.
57
15
•
104'A 104%
*106-.
Af-N
f gold 4 s
s
Ttxarkana & Ft Smith 5%s A
i
110
42
102% 106
106
J-J
107%
107%
104%
12
103% 103%
-
106%
—
107%
107
107%
59%.
104% 104%
J-J-
Texas
1
107%
&
Gas
Rochester
J-J
(4.7%
mtge
*107% 109
—
109%
104'A
St Louis—
of
RR Assn
refund
Gen
!
'
:
102%
23
106 A 106 A
A-O
/
59
High
106%
.
& Transmission—
1953
Ref & impt mtge 3%s series B..1974
;Ref 8c imp M 4s ser C
...2019
Terminal
I
102 JA
100%
R
4«—.1951
1956
Reading Co Jersey Cent coll
1959
1956
1961
debs—
mtge pipe line 3s
lst
„
59%
LOW
8
13
No.
224% 245
*225 V* 244%
Tennessee
Quaker Oats 2%s deb
Sold
Uiah
106% 107
104y« 104%
104 V*
Range Since
January 1
Bonds
Friday'!
157
J-J
J-D
1961
Superior Oil 3%s debs
Swift A Co 2%s debs
Sunray
J-J
Af-N
106%
J-D
J-J
Apr
F-A
J-D
J-D
M-N
Af-N
1964
1968
3%s B
Southwestern Bell Tel
Standard Oil N J deb 3s
*98%
M-8
or
Bid ft Asked
Low
113
25
32Vi
30%
30%
; Week's Range
Last ;\'f
,
Sale Price
Period
108%
*113
F-A
Interest
New Yerk Stoek Exchange
v
94% 101%
*105% 106%
J-J
liSf-N
Friday
,
Sonde
Biah
Low
SEPTEMBER 28
ENDING
WEEK
FOR
RANGE
Monday, October I, 1945
CHRONICLE
THE COMMERCIAL & FINANCIAL
1526
107
{
,
IA 1st
1933
Af-N
1958
J-J
—1950
J-J
stamped
4s
100
98
104V4
97%
100
103 %
'
A
*99%'100%
ACertiflcates of deposit
Rocky Mt & P 5s stpd
St L
lien
A Prior
4s
A
ser
ACertilicates
of
of
Certificates
59
1950
_
deposit
——1978
ACertiflcates of deposit stpd.—.
tSt Louis-Southwestern Ry—
V;:
/lst 4s bond certificates
1989
Nov 1989
4s inc bond ctfs
Scioto VANE
-
r
61%
61%
2
45%
43%
.45%
791
43
45
45,
M-N
J-J
J-J
1941
F-A
B..—..1971
79%
89
A-0
1980
A Ctfs
of
of
'
130%
—
■
—
(Chemical
6s
cons
series
ACtfs
of dep
ACtfs
of
rl07
A-0
105%
1st
133
A-0
r50%
..1948
A
M-S
r67
120
86
86% 119 Vi
26
39%
50 %
3
39%
53
39%
54%
55%
53%
66 %
68%
115
53%
66%
68%
29
52%
74
67%
67%
68
45
53%
74%
M-S
*94% 100
78%
*94 % 100
;
F-A
(Joseph E) & Sons 3yiS-1965
Seagram
Af-N
105%
1954
J-J
102 VB
1961
J-J
1941
F-A
1965
J-J
1964
J-J
1963
A-0
Onion
ttneil
6s
2 Vis
Oil
A
Ctfs
debs
2%s sinking fund debentures
tt ASiles<an-Am Corp
Skelly
2%s
Oil
coll tr 7s
debs
Socony-Vacuum Oil 3s debs.
South & Nor Ala RR gtd 5s.
Bell Tel
South
1962
.81
1st
Soutnem
Pacific 4%s
Western
Union
1977
A.
1981
1950
1955
Devel
lst cons gold 5s
4s series A
1994
100'A
.
gen
150
92%
99%
137
234
85
84
105
105% 105%
47
104%
106%
126
22
123
132%
&
6 Vis
gen
Div
1st
—1956
gold
Louis Div lst
5s
J-J
luu.wiote
114%
122
116%
125
•Friday's bid and asked prices;
106
109 »/4
A Bonds
In the
Sept. 22
nc u
a
weex
ending
the
,every security,
present
we
furnish
Friday
whether stock
a
(Sept.
28,
1945).
bond, in which
or
It
any
is
•'TOOK 8
York'Curb Exchangt
Friday
Week's
Range
Shares
^c^te
A
D
Aeio
'
cuinmuu
F
Co
™
—
Supply MIg class A
Class
Associaies
For
I
common
Inc
footnotes
•
iNj)
see
page
6%
Hioh O/
6%
29
12%
12%
::
2%
Jan
20
/;
27%
Sep
32
Apr
900
10%
Feb
12%
Jun
Jan
22 V4
May
2Il
X4%
W
17%
.;iv
5»A
Feb
J?
1541.
4%
7,800
3% Aug
17%
2,500
9%
7%
Ma>
12%
12%
12%
300
11
Jan
Aug
v
19%
13%
Sep
JaD
105%
92%
108 %
108% 108%
13
106%
109
106% 106%
107% 108
15
105
108
108
36
105%
108%
102% 102%
103 »A
MS
V*
10
101%
J-J
82
81
82%
54,
77%
90
J-J
79
77%
79
28
74
87
*109%
—
M-N
M-S
109%
52
106% 106%
106%
Af-S
7
104% 104%
A-O
115
117%
37
80
110%
104%
107
103%
83'A
152
105%
115
117%
36%
41
Af-N
39%
41%
5
39%
A-O
*__
3
106% 106 %
J-J
no
371
.
109
——
76%
95
79%
831/4
92%
19
41%
39%
20
105%
108%
109
110 yb
d Ex-interest,
e Odd-lot sale not
in the year's range. rCash sale
>
price represented is the dollar quotation per
at the exchange rate of $4.8484.
200-
reorganized under Section 77 of
sales being transacted during current
ENDING
week.
the regular weekly range are shown
Exchange for the week beginning on Saturday,
Exchange itself, and is intended to
28
SEPTEMBER
Last
'■
Air
Investors
Convertible
Aireon
Air-Way
preferred
Electric
Great
Power
Alles
1
Appliance
Southern
Co
$7
preferred
50c
3
Fisher common
10%.
5%
4V's
10%
5%
.54»A
2,900
10,600
11
5%
1,200
50
1*9
119
-
10
117
118%
•50
108
108
1
Range Since January
Low
Hioh
1
High
20
2 V* Mar
4%
Jun
36% May
:
—•
preferred
&
Shares
Week'a
Z.OW
-
2
10
common
Alabama
$6
Par
t
Mfg Corp
Sales
for Week
of Prices
Friday
Exchange
Curb
Range
Sale Price
York
37y»
Apr
5% ^Jun
3%
Jan
99%
Jan
-
108%
114
occurred during the current year.
Alabama
17%
105%
entirely from the daily reports of the Curb
High
400
29
12%
104 vz
18
65
J-D
STOCKS—
19%
29
107%
25
105 Yb 106
<
the New York Curb
New
Low
110%
Af-N
Range Since January 1
I. ■■
1
21
Mfg
6%
m
5
B
Ainsworth
Air
Low
warrants
107%
106%
RECORD
for the year.
on
for Week
of Prices
v'
Motors
WEEK
;
106 yb
105 Va 107
transactions of the week, and when selling outside
Sales
Last
Sale Price
ACF-Brili
compiled
dealings have
FOR
,
selling flat.
YEARLY
complete record of the transactions
RANGE
New
the
is
following extensive list
and
AND
;
117%
2
reported as being in bankruptcy, receivership, or
Bankruptcy. Act, or securities assumed by such companies.
5
6
;
102
115%
104% 105 V*
% Companies
118'A
107% 108
—
~2
105 »/2
y Ex-coupon.
117
1
105%
105JA
§ Negotiability impaired by maturity.
tThe
pound unit of bonds.
Accrued interest payable
105 y2
J
173% ';
-
107'A 107'A
delivery sale not Included In the year's range,
year's range,
n Under-the-rule sale not included
111
week'i^wlfS^tLt6?^.?£lsregarde(? ?n taken of such sales in computing the range
<*e week's range unless they are the only
in wnich they occur.
No account
the
me
m
in the
included In the year's range,
not
:
'
103%
*105% 106%
39 %
3
*124% 125 JA
—
i
101%
deposit
115
WEEKLY
in^focRncaem
of
118
J-J
1951
60
May
4%s
115
A-0
1996
gold 4s
95%
>
A-0
.1968
Public Service 3y4S—...1971
Deferred
a
included
86
•
J-J
Elec Power 3%s
Wisconsin
107
—
~3
65%
105%
115% U5%
115%
J-J
ACertificates
104
17
65%
J-J
Wisconsin
101%
357
127
•
i
102% ;
102;,, 103 vb
102'A
♦103 Y*
J-D
t A Wisconsin
105 %
99 % 100 %
103% 105%
i
101%
100
3
101% 102 y.
*102
J-J
Winston-Salem S B
85% 101%
98%
.99
..
95
98%
J-D
lst mortgage 3s
1958
1st 4s
1960
Central lst 4s
1941
ACertificates of deposit
;
I ASu & Du div Si term lst 4s—1936
101%
106 V4 106'A
104%
100
; /84%
F-A
8c Co
Wilson
110%
101%
7
90;
v.
22
21
<■»
108 >/4
107%
—
A-O
Mem
102 %
—
97%
98%
A-O
Devel
130
98%
J-J
1956
Devel- St get* 6s.'.—1956
St
107%
126
-i.
101%
J-J
Ry
&
105%
102% 103
99%
J-J
1st
Stamped
::
101%
7
101% 101%
103
A-O
ref gtd 4s
Fran Term
Southern
80
15
*102% 105
--
Af-N
lst 4s
Gold "4 Vis
RR
66
*108% 109
Af-N
(Oregon Lines)
Pac
103%
*129
__
Af-S
1969
South
103
101 y2
106% 106%
__
M-3
1968
Gold 4Vis
San
101%
~6
73
49
...
89%
99
F-A
1950
Vi 25-year gold 5s
...1951
30-year 5s——
—
-—I960
'Westinghouse El Si Mfg 2y«s—..—1951
a
West Shore lst 4s guaranteed
2361
Registered
.2361
Wheeling & Lake Erie RR 4s
1949
Wheeling Steel 3% series C
1970
Co—
Pacific
4 Vis
18
102%
10314 104
v
98%
Q-M
inc ser
Telegraph Co—
Funding & real estate
-
105 'A
101% 101%
106%
F-A
Gold 4%s
lst
104%
72
J-J
__—.1985
debentures
2%s
-22%
56
102
! J
106
89
MS
1966
1952
1977
A—2014
ref 5%s series A.
&
10
95
95
95
A-O
mtge
1st
Western
101
2
Co
series I
Maryland 1st 4s
Western
f,:- 100 Vi
22%
105%
105
*
A-O
1979
ft Tel 3%s__
debentures—
3*
22%
109
F-A
4s——19bb
3%s__———..1955
Warren RR lst ref gtd gold 3%s—2000
Washington Central Ry lst 4s—...1948
Washington Terminal 2%s ser A—1970
WeBtcnester Ltg 6s stpd gtd.
1950
Gen mtge 3%s.
1967
•
.1935
Fla
AH
tASeaooard
123
103%
103
.
104 yfl
101%
—
101%
Apr!.
Petroleum
Warren
West Penn Power 3%s
74%
67%
(Chemical Bank)
fi A At! & Birm lst gtd 4s
—1933
deposit
-
6
r50%
50 %
*
(Guaranty Trust)
of
50
50 VB
Bank)
18
3%s ser B
mtge
? Walworth
,
—'
mtge
Gen
Apr
1981
1991
1971
4s inc series A
mtge inc 4y4S series B
.v ; Gen
87% 114%
"89% 109%
2
\
*.
106% 107
106% 106%
.
>>
—
dep
-ACertiflcates
t«vj
103 v4
103% 103%
Wabash RR Co—
•
62
-
dep (N Y Trust)
dep
'*.*105% 110
-
—
*
103%
Af-N
'
——
100%
118
.
3
'
w
114%
'•
106% 106%-
.
A-O
—
?
"..j
95%
104%
*131%
t
*115%
115%
103%
21
101%
101
—
109%
112%
__
.
103% 103%
J-J
109%
—
—
101 Va.
Af-S
100%
40%
.**105%
A-O
gold 4s unstamped
'ACtfs
A lst
68
—,
Af-S
———1995.
Virginian Ry3s ser B
:
97%
72
114%
58
56%
,
M-N
1950
lst gtd 4s
57%
50%
72
8
51
89 *
M-N:
.—1957.
f 4s series B.—
s
Va Iron:Coal ft Coke
116%
87%
Cons
Virginia Electric 8c Power Co—
Ust'&ref mtge 2%s ser E——1975.
lst gold 5s__1949
Va ft Southwest 1st gtd 5s__
2003
i -1st
cons 5s___.
—..1958
'
70
36%
*114%
*115%
■
:
51 %
108
,__
*112
Vandalia RR cons g 4s series
71%
51
7
80
88%
/•
51
24
91
90
J-J
195u
deposit
_
A Refunding As—..i.———.1959
•
66%
36%
46
,
111% 111%
•111%
ACertiflcate of
■
.
53
64
61
1990
ACertiflcates of deposit
IA 4s gold stamped
;
68
Air Line Ry—
I Seaboard
i
63 y2'
J-D
St Paul Union Depot 3%s
f A lst
48%
V
99
48
21
58% -59
J-J
lst cons gold 4S.I968
Si Duluth
tiA8t P & K C Sh L gtd 4%s
•
59%
484
it's
1953
IA 1st term ft unifying 5s
A Gen & ref gold 5s series A
8t Paul
:
-
^ACons M 4%s series A
A 2d
92
98%
57%'
59 Vi
deposit
series B_
APrior lien 5s
A
98%
Francisco Ry
San
Louis
tSt
;
11'A Aug
6% May
132
July
115y4 May
118%
106 /
Jan
110
6 Yb
Apr
10
,
v
Jun
July
Feb
;
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4425
.Vclume 162
NEW YORK CURB
Exchange
Curb
Par
Int'l Investing $3
Allied
Allied
Products
Cl8ss
A
Altorfer
tMicn;
Co
—
48
Jan
40
29
38 ¥»
1,025
30
47
6,800
36%
Jan
49
450
112%
Jan
117
.
Jan c,
8% Jan y>
"«
109%
19%
20
300
100
preferred
■
Cities
Class
19%
20%
50
20
46
50
58
5oy4
47
Calamba
California
——
•«
':
Calllte
65/a
6 ¥2
Cyanamid Co common
10
Foreign Power warrantsFork ft Hoe common
•
Gas & Electric
10
American
American
preferred——100
General
American
1
American Hard Rubber Co—*—_—25
American Laundry
Mach
;
—20
American Light & Trac common
25
6%
preferred
25
American Mfg Co common
100
American Maracaibo Co—
—1
American Meter Co
•
American Potash & Chemical
•
8eal-Kap
Cement Co
7y«
Mar
Writing
American
393/8
Paper
17%
1,050
9,600
375
Jan
Aug
113%
Jan
49'/a July
Carnation
51
51
75
54
Carolina
22 ¥2
24
450
47% May
18
Mar
24%
Jan
Carter
(J W)
37
37 ¥4
700
32% Jan
37%
Sep
Casco
223/4
23 ¥2
9,600
17%
Jan »<¥
24'/a
Jun
Castle
(A
26 Ya
27
300
25%
Apr'S&
29%
Jun
Catalin
69 ¥2
71 ¥a
350
51
Jan
75
*•
71 ¥a
33/8
3 ¥2
3¥a
1%
14,700
tff
class
Common
40 y4
53%
12 3/8
13
11%
3,700
"l¥a
Jan
%
Jan
174,900
120%
30 ¥4
5¥a
5 ¥4
2,100
1
Sep
Jun
r
135
Jan
Aug
7%
Jan
34%
Jun
Conv
5»/4
Sep
Conv
Aro
10 Va
Jan
3%
Jan
Co...
Refining
Oil'&
Ashland
2.50
—
1
^35/a
275/8
700
20 y4
4
50
111 y«
Jan
3,700
7%
Jan
11
103/4
11 Va
Feb
28%
Jan
1113/4 111%
26 ¥2
5
4%
5
"
5
10%
1,800
50
22%
20ya
22%
11%
11
11
ll3/8
Sep
.9%
1,000
VA
1%
10%
io y2
800
ioo
8%
1%
■
•
Atlas Corp warrants—
.—.
Plywood Corp;.
—....
1
Automatic
Products
.
———1
Automatic
Voting Machine
.
•
Atlas
.
8% Aug
% Jan
11
v
Feb
12
Jan
49%"
100
42 ¥2
,| '.'110%
;.
Jun
1% Mar
Feb
17
104
July
7% Aug
Aug
11% Feb
58%
Jan
i2
72
50
~4%
-4%
-4 %
12,500
25%
24%
25 %
2,700
Jan
4% Sep
25% Sep
18% Jan
13%
13
13
7%
7%
12
300
7%
117%;^an
1,500
1,000
•
16 ya
18%
19%
19%
100
S1%:'8ep
"»5%ivJahJ
18% Sep
10% Jan
4
""
Apr
23
Jan
16% Mar
Sep
,
*20,>
>
Sep
9%
9%
39 ¥2
1
Co common
Andes—
shares
Rubber
413/4
4,100
29%
Jan
•
41% Sep
American
Steel
Barium
40 ¥2
40%
150
133/a
13%
133/4
1,200
80
12 ¥4
~3% ~4%
19,300
19%
19%
425
67
19%
2,900
43
•14%
:,12%
—1
1
Corp
1
.—
10%
"4 ¥2
~4%
~4Ys
7,100
5
1
—•
<L)
Baumann
common—...—
1
Bfummel Ties
Mills Inc
Beaunit
15%
Aircraft
&
Benson
Hedges
*
Berkey & Gay Furniture
1
Bickfords Inc common
1
Birdsboro Steel Fdy & Mach Co com..*
Convertible
Blauner's
Blue
(HCi
Bohack
750
12%
1,100
14 ¥4
14
lP/a
1
28
27
283/4
—1
coffirfton
4
3 ¥a
—
—
123/4
Co
7 %
1st
2d
4
4
3/a
Corp
18%
125
''"i
100
Airlines
Colonial
17%
j 42%
52
56
—1
Mar
Mar
1%
46
Jan
Jan
3%
17¥a
Sep
Sep
15 y4
May
125
10 ¥b
Jan
14%
jun
36 Vb
"
15 y4
Jan
4,800
3¥s
Jan
'
6%
V
6 ¥4
Jan
51
57%
Feb
15%
Jan
28%
Sep
1,200
9%
Jan
28
110
Jan
144
32
Jan
38
12j/8
Jan
1
l¥a
2,700
%
Jan
38
38
39Y4
300
34%
Sep
48
3 ¥4
200
16%-
300
3 ¥4
4%
2J/a Aug
23 Ya
—
25
3,300
20
18 ¥4
4,500
15
Jan
19
Feb
43/4
5
2,300
3%
5%
6 ¥2
1,000
5% Aug
6Jun
Feb
107a
100
20
17
Mar
20
Jun
35
23%
20% Aug
American
Water
Biscuit
.
-
Jun
Sep It
Jan
,12%
v. ,T>":^9%Feb
25% Jun
19%
1%
Jan
%-
J^n
8¥a
Jan
:28%
i
;
.
Jan
35 ¥4
500
,
i
Jun
43
-
Jan ;
4% Sep
22 ¥a
..
Jun
56
■
Jan
Sep
,
.6% Sep
1
7%
$6
_3%
Creole
Croft
May,
Jun
,
1.4,.'..
V
A.
10
7¥a
67 ¥4
.
A
114 ¥4
16 ¥4
4,700
4%
Aug
Jan
13%
Jan
5,000
^
'
n;
}i
Sep
Sep
98.,
3%
A Jan
14% Mar
1,100
.
1,500
350
2,600
84
25 Ya
5,600
24
.1%
13/4
103,600
1
10 y4
10%
3,300
8
83/4
2,700
Tobacco
18
V:
.4%
,
434
263/4
j
18
50
26 3/4
200
2¥a
Inc common—
Curtis Mfg Co (Mo/.
——.
Lighting
3%
56%
27 y«;
14 Va
500
16 Va
13 ¥4
50
50
43/4
6¥s
J
13 ¥4
Sep
28
v.
10 ¥a July
I2I5O
10
,.
Feb
19%
Jan
3%
5,300
Sep
Jan
113/a July
Apr
14 ¥4
common—.
1%
11 ¥a
Jan
25 ¥4
26 ¥e
27
31 % May
y
3Yav Jan
,
July
^10¥« May
Jan*
56 %
.
III10
,
Aug.
15
350
.
iA%.. ...8,300.
Feb
40
Jun
July
Mar
4%
Apr
61
22% Mat
31
12
Aug
18
4% Mar
8
32
Feb '
Feb
3%
2% Aug
July
Sep
v
109
73/8 Mar
•
Sugar
Cuban
V
250
.8
Atlantic
21%
Jan
25 ¥4
-
Ip
tt Jun
»
S :A
2Jan
>.
32
8% i
17%
'Apr
11 ¥4
100
83/4
Jun
113
9% Jan
—*
Cuban
233/4
21 ¥4
37 ¥2
,
Jun
Sep
36
13/4
Sep
7%
Jan
1'700
3%
'
Sep
27
.6% Aug
97
253/4
Sep
3%
1
15
11 ¥4
37 %
■
May
19 ¥4
102
21
21%
3%
Jun
65
Jan
97%
—
Oil Refining common.
preferred...—————
7%
Apr
10,800
23
Sep
Jan
S
.
Jun
110 ¥2
Jan
•
Sep
118 ¥4
106 % May
•:
Sep
80%
Jan
Sep.
8%
3%
7 ¥a
12 ¥4
Jan
5%
700
27
15% Jun
43 ¥a Mar
Jun
43%
4,100
4)50
3%
10%
"
Jun
/' 2¥a Feb
-Feb.
6,900
7%
18%
>^21 ¥2
3 ¥4
1
—25
Curtis
J.
65
--
.
•
Crystal
$6
9
'
Petrol (Md)_
International A—
Cent
Cork
I.:
..
(ord reg)—£1
Drug Co common
convertible preferred-
Crown
20 Ya
11 ¥a
.1
50
5
Aug
aa
y 36% Jun
-,'5 2Ve Mar
11% Jan
60
103 ¥a 104 ¥a
104
——
common
Petroleum...
Brewing Co
Crown
6%
22
23
——J
Crowley Milner ft Co
Crown
-
—
preferred
Courtaulds Ltd—
American dep receipts
Jan
May
7%
—50
&
96
Jan
'
—
Petroleum
2%
24
27
—^
convertible
5%
112
——
Reynolds—
preferred A
Corr'xm
14
1,700
1,700
80%
18
•
Cornucopia Gold Mines—
Jan
500
12¥4
62%
•
Coro Inc
•41¥4>Apr
Jan
116.
6%
63%
.100
Co—
Range
I
71
300
—5
Textile Co
———10o
Fdy & Machine Co——1
Continental Gas ft Electric Co—
Copper
Sep
Jun
1/64 Jan
200
112
Co.—
;•
34% Mar/
27 ¥4
1%
r79¥4
79%
—1
preferred
Feb
24%
r.7%
;
Jan
100
14%
11%
12%
.10
Royalty OH:
Consolidated Steel Corp.——
prior
5 ¥a
6¥e
;,i
,
May
41
Consolidated
1%
"
13% July
Jan;
"8
>720
:
t5-
-14%
116
...
11%
,/3% Aug
1
16,100
24 ¥4
1% rv/t
loo
Ltd..
•94%:
16
.100
Consolidated Gas Utilities
Consolidated Mining ft Smelt
Consolidated Retail Stores
J 300^|:
*
'
4
series B preferred
preferred series C
5
4:"'^r-:
1 ¥a
...1
4%%
Cook Paint & Varnish
*
34%
•
«•
Co
'
93%
,
ft Southern wan ants—
Public Service———25
Consol G E L P Bait common
Sep
173/4
Oil Co
British
$3
::
25
¥4
20
Feb
Jan
Jan
43/4
18
Sep
July
16% Sep
2
May
—
—
American
Jun
135
V
94
'
Coke Secur common
preferred
Sep
6 ¥»
British
Jun
13%
;■
Jan
-650
.
24%
36 ¥♦
36%
14%
5% Mar
600
—1
common—
142
Jan
Mar
'
3,200
10,500
^'6 %"•"''*• 1,600
550
37%
2%
21 ¥4
2,4
i—1
warrants..,—...
Service————!
Jun
4,300
¥2
31
Co
Mfg
Jan
•
Jun
8%
250
4
24 ¥4
Jan,,
.
Feb
122 % May
9
:
100
:
13 ¥e
13
i
•3%
Compo Shoe Machinery—
V t c extended to 1946————1
Jan
1,050
Bridgeport Oil Co—
Brillo
Feb
600
171/4
41
1%
Sep
53 Ya
—
.
11
.9%*.
.^2%
Sep
1%
.ieya
117
3% -vt——- 11,400
.
•
^preferenoet^—
5%
153% July
46 Va Feb
28
3 ¥4
...
Jun
14 ¥a
:
.
Jan
3%
Colt'a Patent Fire Arms..-.-.^28
Columbia-Gas As Electrio— •'
4
20%
Sep
3% Aug
,Jan
14% July
10 Ve Aug
16,400
r
common
Apr
Aug
110%
1,300
56
-100
Consol
27 Ya
«
Aeronautical
Sep
45
85
800
12%
42%
Continental
53 ¥4
~lVa
common
14%
127%
Sep
v60
-
9% ;
22%
,
1,100
12%
123 —
17%
common
14% Aug
36% Sep
Jan
30
Mar
26%
16%
Brazilian Traction Lgt ft Pwr
Breeze
Jan
18%
Jhn
27 ¥2
-
preferred...
preferred
Brewster
9
;
273/4
Inc
%
7,200
12,800
11%
12
ordinary
Cosden
¥2
53 ¥2
.25
Jan
Jun
21
:■
Jan
11 ¥4
21%
12%
...i
Co
Colorado Fuel ft Iron
4%
27 Ya
Co common
Bowman-Biltmore
Feb
11% Jan
Mar
36%
40
33
33
--
13 ¥2
—•
Jan
Jan
Utensil Co
Plow
Sep
7%-Feb
145
17 %
ft Co
Borne Scrymser
$5
1,200
100
Bourjois
'
2,100
4
11 ¥2
1st preferred
7 %
20%
4 ¥4
19 ¥4
~3Ve
optional convertible preferred.
(S)
1.0Q0
I6Y4
common
Ridge Corp
$3
Blumenthal
36%
¥4
x
common
(E W)
Bliss
preferred
13
34
19 ¥4
4
200
11 ¥2
13
1
common
20
Jan
8% Mar
36 ¥2
1
100
*
common
Tel of Canada.
10%
16 ¥4
'1,950
.
129% 131%
.1
Development
butt
Colon
5% Aug
Apr
5%
106
10
common
Shoe Corp common
(AS)
aeilanca
Bell
12%
Feb
3
250
7
6Ya
7
100
1st preferred—
5 ¥4
'Pi 15
Feb
112
125
20%
122
Clayton ft Lambert Mfg—
Cleveland Electric Illuminating—.
Apr
13%
Apr
2,200
19%
19
19 ¥a
'
Beck
Jan
OC
Seelig Mfg—
convertible A common
$1.20
Beau
43
Aug
10 Ye
ft
Barlow
Apr
20% Mar
Feb
110 ¥4
110
100
130%
Corp
Jun
14% May
w 30% Mar
34%
1
preferred—...—
—.
HI*
preferred BM...——
$6 preferred BB——.——
"T#
City Auto Stamping
...—
Z10
City ft Suburban Homes..—-v
Aluminum
/ j 122 %
350
14%
60c
Club
Feb
8%
50
43%
—4
Co.
;
Lights Inc—
,107%
Aug
425
'
Apr
Apr
Jan
Aug
150
-
-
(i
'
20%
Coal
v
124
43%
10
Clinchfield
14 y2
19%
124
Sep
;b 120
3% Aug
•
20Q
20%
13
'
Flexible Shaft Co common.
Neon
13%:
13"%
Feb
10 ¥4
18
125
"4%
Sep
10 ¥2
;
18
150
19
14%
Clark. Controller
33
,
;
•;
Feb
5¥s Jun
ii. Apr
"17% Aug v y;f 32
Mar
63
Jun
;,V:. 80
Mar
80
19%
19
Mar
:;.19¥4
Jan
104%
20%
—
7%
100
.
.25
........
Jan
14'/»
14%
64y2
19%
—5
—
10
:
:
7% July
„
118
.10
Consolidated
—
Basic Refractories Inc
7%
40
los
de
H
Aug
119 ¥2 July y
118%.May*
100
100
:100
Consolidated Mining
Jan
105% 105%
14%
"4%
Conn Gas ft
30
preferred
Apr
50 ¥2
¥2 Jan
14 ¥4
;
8,900
100
preferred
common
Community
413/4
Baldwin Locomotive—
1%
May
19
5
"
B
Baldwin
Jun
21 ¥2 July
Sep-
24
V
-8,900
—1'
Claude
-
-
?v*
85% Jun
2%
■
116
30Q
85/a
—5
;
18
,
9%
com
preferred
pfd opt div ser
pfd opt div ser 29
Corp
.-—•'.25
'-itWM-
Gas ft Elec
Hudson
lift
9%
America—
of
Commonwealth
Banco
''
Jun >!
33
.
;y'
Feb
8
& Co
M)
Community
•
Mar
'
100
18
$6
113% May
Jan
3
800
8%
8 VB
6% preferred
Ayrshire Collieries Corp
Babcock ft Wilcox Co
[J
-;y 8%
4 ¥2
Jan
28
>
16%
*
IChilds Co preferred
Cities Service common....
6% Jun
<
,
Jun
'
8ye
common..——.5
—
25
———1
Avery (B F) & Sons
....
Chicago Rivet ft Mach
Jun
n* 23% Jan
7% Ap? v.v,-:xll% Sep
101:
pfd__100
Fisheries.,.—
1
Atlantic Coast Line Co..——
50
Coast
50
30
116
116
.*
1
...
Co com
Corp
Chicago
Sep
16% July
2,700
9y8
6'/a
Jan
110'A, Feb
6,700
Atlanta Binn ft Coast RR Co
Atlantic
L $5 pfd
&
Cherry-Burrell common
Chesebrough Mfg
114¥a Mar
3% Jan
13,000
io%
112
112
3%
5,400
5
4%
10 y4
——£1
dep rects reg__
Associated Laundries of Aiperica—
Associated Tel & Tel class A—
5% Apr
lYa Jan
6,400
49 ¥4
49%
_•
common
Cnans
20% May
Jan
3
100
;3»/a
Associated Electric IndustriesAmerican
Co
Cessna Aircraft Co common
Apr
6% July
17% Aug
—
_•
Equipment Corp..
Sep
9% Sep
273/4
' Jan/:y
16 ¥2
Chamberlin Co of America
5'/a
400
112
:k
30
mim mm,...
—.
P
Central
4yfl Jan
18
2,100
32
5
Jun
16% Mar
Sep
4%
Ya
•
•
>
16%
...
{Cent States Elec 6%
Jan
Jan
12Ya
-X.
///ft
•
Jun
31
41'/a
400
preferred.*
100
,3% h 4
3%
Jun
100
300
...——..10
;—
9%
Apr
108%
Apr
25% May
'
7%
40 ¥4
49
63/8
non-voting
A
preferred
6%'
9 ¥2
9%
1%
Jan
40 ¥4
—1
Arkansas Power ft Light $7
50
Alcohol—
•
Central Maine Power 1% pfd
100
Central New York Power 5% pfd—100
Central Onio Steel Proaucts—
1
Central Power & Light 1% pfdL.—100
Central & South West Utilities
50c
4%
47
— —
—
5
July
8% Jan
Sep
July
Chief
•>
273/4
•
—
7t,
108%
273/4
....29
Products
24
233/a
v?
11.8% Jan
class A
Co
&
41%
51
—
Sep
■23
Jan
,.
July
—100
«
Products
City
Carman
50
83/B
Arkansas Natural Gas common
Jan
4% May
/7y
Capital
Feb
45
45
63/8
Inc
8%
voting
non
Class B
8¥a
__1
B
Sep
63/8
Appalachian.Elec Pwr 4¥a%,pfd—1 100
Class
12%
8¥a
Anglo-Iranian Qil Co Ltd— £1
Am dep rets ord reg
———
6% Mar
'
5
voting
Jan
—•
Angostura-Wupperman
Apex-Elec Mfg Co common.
A
8%
12 ¥4
_I._2
common-
3,700
7
20
Canadian Marconi
21% May
39% Sep
Jan
31
xlll
Sep
7%
10%
*
common
preference
Industrial
Canadian
Sep
Aug
Ltd
preferred
Participating
700
12 ¥4
32
i
Argus
21%
—
Fence.——
Post
Anchor
21
112 ¥4 112 ¥2"
47%
Jan
352
Ltd...—.—
Co,
'
.
Sep
10%
"
*
preferred—.—5
Thread 5%
36% July
10%
Jan
May
.
Canadian Car & Foundry Ltd—
Jan
2,700
•
preferred—
preferred
$6
n
36%
21Ya
39%
112 ¥2
10c
com..—
$6 series
American
3,700
47
3/4
Jan
6%
1%
*
Canada
Jan
—2
common
Corp
Superpower
1st
.10
Republics
American
Amer
45 ¥4
common—10c
1
Corp
convertible preferred..—
$2.50 convertible preferred
$2
American
46 ¥4
—
7%
800
100
400
.
8
Jun
Class
&
Jan
100
7%
Insurance
Fire
Bread
Sep
4
3% May
8%
10%
10%
Corp
Tungsten
Camden
,
Canada
52%
....
4
Jan
7%
..10
_1
Power
Sep
48%
2,100
;63/4
'Aug
44
200
Electric
58%
,
Jan
9%
5% pfd————fl
Estate
1
Sugar
25%
Mar.
42% July
-150
'
Class B.——————
American
High
;• h
2Ye
>3
American dep rets
6¥a%
A.
A
American
Low
Wireless—
Sep
& xight—
Power
Range Sfaoee January 1
High
2%
12%
2%
2%
._50o
certificates..
trust
&
Jun
110% July
3% Sep
11% Jan
6oo;
Voting
Cables
Jan
117
Jan
1% Mar
900
3%
58
1
Mfg.
class
Convertible
*
.100
Co—
Central
American
American
3J/4
463/4
Book
American
"3y4
Feb
22%
Jan
108
200:
107'/a 107%
1
American. Beverage common
Sales
for Week
Shares
of Prices
>
Low
COc
Cable Electric Products common
Jun
y
26 y2
Jan
86 Ya
y
1,500
108'/a 109 y2
39% Aug
9 v Jan
.
Jan
15%
100
22>/a
18%
_•
-
-
6%
Sale Price
Aug
350
113% 114y4
Mfg
common
Last
v
Feb
39 y4
22 Va
Goods
Industries common.
Week's
Range
Friday
Exchange
ir.'
Aug
46
46 %
Aluminum
Curb
York
High
Low
3?
38 y«
—25
Aluminum
v
*
.100
Ltd
:YVJ:
38 Va
39
Aluminum Co common
Aluminium
New
28
STOCKS
-
Range Since January 1
common
prelerred
SEPTEMBER
•
■
II10
common
conv
Bros
*
pfd.
conv
EXCHANGE
ENDING
Week's
Friday
STOCKS—
S
York
New
Sales
Last
Range ' for Week
SalePiiee
ef Prices
Shares
tout BKth
WEEK
FOR
RANGE
1537
v \\
y
Jun
Jun
Jan
.
'
14 ¥2
Jun
Sep
Tobacco-r
British
Class
$5
Bruce
(E L)
Bruck
Silk
Co
Bunker
Burma
Burrv
—
•xxx
1,000
Mills
ft
5%
.
y,
10
2,500
—
—
..
2.50
i
pi..
....
_
r
—12%c
25c
page
Aug
Dayton
3%
Dejay Stores common
34
Sep
pennison
26%
Apr
91
3%
100
Feb
5%
Jan
Sep
Jun
41% Aug
Mar
1541.
prior/preferred—
8%
dPbelnture
Derby Oil & Ref Corp.
Detroit Gasket ft Mfg..—
preferred—
6%
Iron
———«
Foundry
10 Va
Feb
Detroit
Gray
10
Jan
14
Sep
Detroit
Mich Stove Co common..
Steel Products
Jan
30 Vb
De Vilbiss
Jan
117%
Sep
Sep
-30,450
20'/a
1173/4
650
111%
4,200
Detroit
16 Va
7%
Co common
preferred—-————-.
10%
Jan
23/8
2
2%
83,100
iy4
Jan
2% May
Diana Stores Corp
7¥a
6%
7 Ye
18,200
3
Jan
H
7%
Divco
-"300
4%
Jan
A
6% Mar
16 ¥a
14%
•
6 ¥4
16 %.
6 ¥4
—
Jan
9%
133/4
116
96
Sep
Sep
Corporation
Dobeckmun
Co
37
Jun
37
1,300
22 ¥2
Jan
37
Sep
..35
;
Mfg class A common..
Jun
Jaft *-*
Jan
36 ¥4
37
37
100
35 ¥2
Feb
40¥2 Mar
.50c
10
10¥a
500
'7 ¥2
Apr
113/4 July
1
convertible
Jun
8%
Apr
Jan.
Feb*
5%
'
293/4
293/4
•
rets
Jun
Davenport Hosiery
24
30 Va
1,400
25
Mills
Rubber Mfg—.—
Jun
20 v*
13 ¥2
.13%
6%
•v;->
23
see
—
—
Power—
Sullivan
2¥a
33
•—
Corp
For footnotes
5 ¥2
5,600
•
•
dep
900
¥4
n
preferred.
Hill
100
5Y4
—
100
32
24
100
Ltd
ft East
Corp Am
'
8%
31
22
24%
—
common—
preferred
Biscuit
8
o
i
"
5% Sep
20J/«
„
——
1
...?
common
Niagara
1st
S5
„
•
I.
:
___
Buckeye Pipe Line
.$1.60
5¥a
—
k
common..
Distillers
Rubber Co
Buffalo
5¥a
—
prior preferred
Brown
•
preferred.—
A
D
22
r
——
Forman
22% May
Apr
Feb
Jan
31
5¥a
.
—
Fence & Wire
Brown
Brown
.
10a
dep rets ord reg
Columbia Power class A
B
Class
19%
£1
reg
Ltd—
Celanese
Amer
v
ord
rets
dep
19 Ya
£1
dep rects ord bearer^
Am
Am
British
a
36 ¥4
7%
common.
V/a-
-
70C
.100
iii'f''
8 3/a
8y4
17
—1"
..20
~2¥a
7 ¥2
73/4
35 ¥2
35Y4
200
36 ¥2
38
150
7 ¥2
Feb
Feb
11 ¥a
Jan
I8V2
Apr
Aug
21%
Jan
1%
Jan
2Ya July
5%
Jan
7Ya Aug
15
.10
1
92
142 V4 May
Jan
8
100
..10
23^
Apr
1,300
-w—
2%
9%
Jan
Apr
203/4
•8%
17
2,000
1,600
1
5 ¥4
82
138
—
27
Sep
Jan
y
37 Va
38
Sep
Sep
25
23
'1 243A
34
23%
2,100
25%
Apr
10 ¥2
-10
23%
•-—
7%
—50
Feb
12
133/4
Jan
25 ¥a Julv
25
400
11 ¥4
Jan
253/a
-34
100
20
Jan
36
Jun
Sep
July
If
I
THE COMMERCIAL & FINANCIAL CHRONICLE
1538
Monday, October 1, 1945
NEW YORK CURB EXCHANGE
RANGE
Week's
Friday
STOCKS
Titk Curb
Ixtkui*
ENDING SEPTEMBER 88
;
Lart
Range
ef Prices
Shares
Lotr
Par
,
Friday
STOOKb
;
.
Hfpft
Share*
Low
Par
High
LOW
for Week
.
Sale Price
Range Since January 1
Week's
Range
of Prices
.Last
York Curb Kxekaags
Haw
for Week
Sale Prlee
New
WEEK
FOR
Bales
<
Bales
Range SInee January l
High
Low
High
■
-1
Domestic Industries class A com—
Dominion
Steel
5%
2,400
4%
Bridge Co Ltd
Dominion
4%
ft
Dominion
Tar
Dominion
Chem
Draper
ft
~2f
6%
•
Ltd
Co
•
—
93%
Driver Harris Co..
93%
Jun
15
Aug
70
Aug
93%
Sep
Hollinger
66
Jun
Holophane
95
Apr
Horder's
Jan
Test Corp
Hoe
8%
•
1
.8
common
common
-—
Duval Texas Sulphur——
——
8%
8%
200
Sep
9'/a Aug
12% May
4%
4 >/2
4%
1,500
8% May
3% Jan
12%
12 %
12%
400
11% July
4% Aug
Feb
14%
ft Fuel Assoc
Gas
*
common
prior preferred
preferred
6%
100
100
Eastern
Malleable
Eastern
States
$7
Iron
2%
3%
Apr
8,800
2'/a
Jan
95
96
375
78%
Feb
99
July
55%
56%
975
46%
Feb
60
Apr
33%
Jan
37%
Sep
1%
Jan
2%
Jun
2%
28
•
~2
~~2
~2%
58%
-*
Corp
preferred series A
preferred series B
Sugar Associates—
$6
2%
95%
56
Stores
58Vz
58%
200
47% May
60
Jun
57%
58%
425
47
59%
Sep
—
1,200
May
$5
Easy Washing Machine B
Economy Grocery Stores
Electric
4
46%
50
3,650
10%*
10%
11%
1,900
16%
14%
16%
85,800
Bond
ft Share
•
•
—
common
8
9%
50
12%
20%
Sep
July
■
$5
preferred
preferred
$6
100 Vz
300
95%
97%
Jan
114
Jun-
Jaf
70
124%
Sep
Jan
3%
Sep
Jan
16%
124%
950
2%
3%
2,900
15%
16%
400
11%
35%
Jan
41
Sep
15
Jan
33%
Jun
Sep
50%
If
40%
39%
41
25%
24
26
A
250
—10
common
3,500
50%
50%
50
11%
11%
100
2%
11,600
46%
250
2%
2
46%
46%
13
13%
—1
100
32%
1%
43
2,600
Sep
Sep
108% May
Sep
12
10% Aug
1,800
28%
30%
31%
xl3%
28%
new common.
50
104%
Pipe Line common..
Eversharp Inc
101
Jan
1,000
3
5%
preferred
50
Empire District Electric 5% pfd
100
Emsco Derrick ft Equipment
•
Equity Corp common
—10a
$3 convertible preferred—
.1
Esquire Inc
*
Eureka
100%
101% 102%
124%
Electrographic Corp.
Elgin National Watch Co
Co
100
101 Vz
Electric Power ft Light 2d pfd Ad¬
option
warrants
Elliott
Camera
ft Inst Oo
1
—
_
•
Fibre
Metallurgical
Fodders Mfg Co
Federal Compress ft Warehouse Co
.
Association
2%
Jan
48
Jan
Feb
Jun
Jun
xl3%
Sep
May
32%
Feb
Sep
39%
Jun
7% Mar
25
30%
.
5%
Dividend
If
Illinois
Zinc
Am
dep
rota ord
Motor
CI
reg
Canada—
of
.Class A non-voting
y
Class
R
•
■
vnttnor
6%
Corp
Co
Motor, of
International
Jan
17%
100
16
Apr
17%
62
*
4,200
38%
Feb
62
Sep
Sep
53%
1,400
59%
90
6"%
1,700
Jan
53%
Sep
Jun
24%
Apr
75
Jan
8
May
July
Jan
25%
Fort
(Peter)
Co
Franklin
Grain
$3
6%
6%
28%
4%
41/4
-„Yrl
Y,..
stock
*
convertible
preferred
12%
27% July
Jan
28
27%
Jun
7% May
7
Feb
51/4 Mar
,c.
3%
34
Aug
Jan
Jan
4% Aug
14
10% July
6,300
"
Jan
24%
400
4#. "
14^/
25
27
27
17%
Jan
*
110
17%
Jan
29
Jan
82
8%
5 %
preferred.
Gellman Mfg Co commonGeneral Alloys Co
Gen
Electric Co
8%
8%
77
Jan
114
Jun
3,000
10%
11%
2,500
3%
Jan 0
2%
2%
2%
1,800
1%
Jan
Service
9% xll%
10
9%
26%
26%
1
9%
28
150
Shareholdings Corp com—1
preferred
;
—•
Gen Water Gas ft Electric common—Jl
convertible
Geoigia Power $6 preferred———*
$5
Preferred
Gilchrist
3%
3%
101% 101%
19%
19%
113%
-2.50
Harvester
Corp
--
\
..
Mfg
50
83
Mines
•
common
conv
pfd
29
■
Co
-
Grayson Shops (Call
Atlantic ft
1st
19%
Apr
Petroleum
—
Pacific
common
,
,
,
,
•
Paper.
28
Greenfield Tap ft Die
III
Stores Products common. 25c
Gulf State Utilities 84.40
pfd100
Gypsum Lime ft Alabastlne—•
International
Products
$3.50 preferred
Interstate
Equipment
preferred
19
20%
6,490
5%
5%
2,100
63%
63 %
25
38
38
700
Jan
6
3% May
Sep
"**'*"
Jan
47
103
*
71% May
Jun
106
Sep
53
Jan
4,100
15
Mar
22%
233A
1,100
13% Mar
7,400
Jan
20
28%
11%
May
Jun
7% July
13
133/a
1,000
12%
12%
200
x!12%
Sep
116
Jun
82
91
270
52
Jan
91
83
91
260
57%
Jan
91
Sep
Sep
3
Jan
3
Jan
Jan
15
Jun
Jan
15
Jun
11
Jan
12% July
24% Sep
89
900
1% Aug
1% Aug
91
90%
91
225
55% Mar
97
96 Vz
98
550
85%
21%
21%
22
600
19% Mar
49%
46
50
4,000
29 %
1%
—
2%
2%
1%
800
2%
Feb
Jun
93%
Sep
101%
Jun
23% Aug
19
Jan
50
20%
Feb
24% May
Sep
18
19%
1,400
19
18%
19%
7,000
9%
Jan
"9%
10
2%
•
15
«
10%
1,300
2%
O.OOU
400
18%
19 V*
Sep
19 %
Aug
22
8% July
2% Jan
23
Jan
3%. Feb
Jan.
1%
13
Jan
51%
Sep
Mar
21% Mar
Jan
31% May
53% Mar
27%
52%
60
29 Vz
52%
50
1 %
1,300
38%
700
17%
Jan
1,700
%
Jan
1%
Feb
Sep
1 %
1
——•
34
38%
%
1
23%
24
1
■
23%
600
8%
•
2%
9%
12,200
2%
9
2%
1,500
16%
10,200
1%
42
Feb
Jun
Jan
24%
8%
Sep
13% July
1
Jan
4% Mar
19
J
Jacobs
(FL)
1
Co
15
15%
•
Jersey Central Pwr ft Lt 5%% pfd—100
6%
preferred
100
1%
preferred
100
Julian Ac Kokenge Co
—*
9%
11% Jan
4%
16%
Jun
Jan
10
Sep
125
104
Jan
108
Aug
40
108
Jan
110%
Jun
90
10
107% Mar
400
1053/4 106%
'
109 Va 109%
110
111
114
Feb
21%
110
Feb
25
Sep
116%
Feb
120
Aug
K
Kennedy's
preferred—100
Inc
119
10
18 %
19
1,100
13
Jan
19
Jun
34
34%
1,650
28% Mar
35
Aug
10%
10%
50
8% May
12
Feb
22%
21
22%
2,100
Jan
77
76
77
67
119
—8
Tube ft Lamp A
Ken-Rad
Kidde
(Walter)
_•
5
Co.—
&
Kings Co Lighting 7%
5% preferred D
Kingston
Products
Kiiby Petroleum—:
pfd B——100
1
_100
52%
30%
9%
9%
18%
9%
4%
convertible
Krueger
Brewing
1st
July
July
25o
«
A
Ja-n
8%-
9
2.600
7
Apr
1%
1%
6,300
*~8 %
Lane Wells Co
Jun
Feb
Jun
Sep
16% May
14% Mar
20
19%
Sep
8% Aug
10
Jun
Jan
100
Jan
Jan
51%
Jan
52%
Leonard
37
Le. Tourneau
2,400
1,300
13%
Jun
102%
475
86
Jan
103%
127
Jun
140
Feb
19%
300
10%
20%
8% Sep
11%
Feb
Line
Oil
.
73/4
32%
50
10
„
B.
10%
350
6%
63
Development
(R G) Inc.
63
1,600
19
13 % Mar
25%
May
Sep
11% Mar
Sep
Jan
32%
Sep
6% Mar
10%
Sep
7%
Jan
4,800
10
Mar
4
48
Mar
70
Jun
13/B
1%
Sep
2%
400
28%
Feb
37%
Sep
18%
600
13%
Feb
19
Jun
20%
700
14
Jan
21
27%
.
8,600
37%
18
.
1%
36%
1%
37%
Material Co;
8%
6
Jan
Jan
18%
„
23
Jan
3%
b%
173/4
,
15%
4,000
10%
31%
18%
—
6.500
5,200
6
9%
10%
Langendorf United Bakeries class
Class
53A
6
Jan
Feb
30%
Sep
Apr
2%
Jan
7%
Sep
Feb
75
99
10%
Lefcourt Realty commonConvertible preferred
8%
-99
V
10%
Apr
20
.
"8% Aug
38%
41
1,850
35% Mar
18
18%
2,300
10% Mar
8%
1,100
112% 112%
320
8%
8%
July
42% July
Jun
22%
7% Jan
109
•
8
—
Lionel
Corp
Lipton (Thos J» Inc 6% preferred
10
Feb
.114% Mar
July
Feb
10%
Jun
Loblaw
B
.
12%
123/4
9%
1,800
.
60
■
100
10
3
3%
1,B00
4%
4%
100
9
9%
5 500
39
•
Lone Star Gas Corp common..
Jan
,123A
Sep
Apr
7
Aug
32
25
25
24
23
23
23
50
13%
13%
1%
1%
53 %
Jan
60%
13%
Jan
3%
25
Sep
18%
Jan
24
July
;
2,500
10%
Jan
69,700
1%
Sep
July
97
97
91%
97
1,000
91
1
84
91
825
7%
8
111
111
39
41
8
Sep
1%
Mar
Jun
85
*
15
Jun
2
July
Sep
Aug
91
11,200
7
Aug
11%
Feb
10
110
Feb
114%
Jun
500
32
Jan
80 V*
Sep
Jun
6
;;
3% May
4% Mar
Lynch
Corp
oommoz
41
Jun
11%
Jun
13
9,000
8%
Jan
13%
Jun
Marconi
26
100
26%
Sep
Communication
15% Aug
Margay Oil Corp
Jan
203A Mar
14%
Jan
1
/
41
Sep
M
Jan
7
,
Manatl Sugar optional warrants
6%
—
25
Jun
27
29%
>;'/•
1,900
1%
preferred A ctfs of dep_,
preferred B ctfs of dejp^—
Land ft Exploration
500
12%
26
,—10
Long Island, Lighting Co—.
Common ctfs of dep.
1,200
11
"7
.
Steel Chain
3%
Mangel Stores common.
£5 convertible preferred.
Manischewitz (The B) Co
Mapes Consolidated Mfg Co
44
~63A
—
9% Sep
44
Sep
10'A
~7
Louisiana Power ft Light (6 pfd——*
'
.
30%
-19%
29
Class
Groceterias
Class
Locke
.19%
•
common
Louisiana
60
12%
Jan
Ws Aug
1,900
19%
8%
——
20%
common.
1%
13 %
18%
40
9%
17%
Jan
L
39%
Apr
Sep
Aug
9% Sep
8%
1
Lakey Foundry ft Machine.
Lamson Corp of Delaware.
13% Mar
128% 129%
3%
Sep
400
—
19
5%
18 Jan
15 Vz
...1
.
Jan
17%
•
1541.
Jan
3%
1%
Lake Shore Mines Ltd
Lit Brothers
41
Jun
43%
834
preferred—100
Jan
12%
102%
Sep
75
50
3,500
1
Co
Feb
22% May
7% Mar
400
77%
5%
——1
39%
7,400
25%
Jan
67%
5%
Emil) Co common
_•
Kleinert (I B) Rubber Co—
—10
Knott Corp common
——1
%
250
32%
Apr
52%
(D
7%
100
18
100
5%
1
Kirtland Lake G M Co Ltd
Klein
19
•
Key Co common..
39%
17,200
10%
t:'
-50
32
|
Jun
-t£
47
10%
n
page
2,100
19
Jun
Jan
13
'
Co
see
60 3/4
18%
—
Royalty
1
Iron Fireman Mfg voting trust ctlf—*
Irving Air Chute
1
Italian Superpower A
•
Sep
Jan
48%
100
"% "if
«*'-•
voting trust ctfs——1
footnotes
24%
57%
Investors
20
24%
18%
20%
5%
30%
Helena Rubinstein
For
6%
Kresge Pept Stores—
17%
18%
12%
Mining Co
Class
25% May
60% Sep
22%
19% May
21% May
L
Paper
Electric Light
Hat Corp of America B non-vot
com
1
Hazeltine Corp
——•
Hearn Dept Stores cnmnion
' ********
Hecla
14"%
■
19%
—
Home
Jan
May
17Va July
Hammermill
Rayon
21
Mar
12%
—10
:
110
H
Hall
Brewing
14% Mar
•
Safety Razor B
Utilities Corp com
6%
Harvard
28
700
13%
shs—1•
7%
Hartford
150
20%
•
Kobacker Stores new common
18
-100
Grocery
Co
36%
20%
•
Sep
52% May
18'A Sep
1
Great Northern
Hartford
6% July
37% Sep
„B0
.
115
15
Tea—
stock-.
preferred—-
Lamp Co
Hamilton Bridge
Jan
10
coupon
shares
Jan
52% May
12% Jan
iq
-
Gray
Non-voting
Jan
100
an
l
1%
Apr
50Q
——•
Graham-Paige Motors $5
Great
Mar
18%
—•
—
Grand Rapids Varnish
Mfg
4
104
20
1
/
Go
class A
Mfg
Jun
Jan
19
•
preferred
Gorham
3%
Jan
Jan
111%
•#
Inc
Jun
Jun
13%
'
Gorham
106
108
1%
100
'•
Consolidated
Goodman
Jan
Jan
18%
*
prior preferred
Goldfleld
Jan
Jan
2%
80
20%
Coal.
Gobel (Adolf) Inc common-.-——l
Godchaux Sugars class A
•
Class
R
$4.50
Feb
92
600
113% 113%
May
xll% Sep
9% Apr
28
Sep
152
Sep
84
mmm.
3%
101%
18
101
mm,
mmam
—1•
Alden
Aug
3%
Jun
2,400
Feb
20
Gleaner
.
18%
132
._
Co.,
Gladding McBean ft Co
Glen
10
6%
Sep
3%
18%
—
Jun
6%
—
1
common
109% May
preferred.
(A C) common.
Gilbert
'
8%
2,900
$6
General
$6
Jun
7
10% July
Jun
11%
14% Aug
6% Apr
15.90Q
preferred
•
General Rayon Co A: stock——*
-
46
24%
'
11%
....
General Fireproofing common
—•
Gen
las ft Elec 86 preferred B——•
General Outdoor Adv 6% pfd
100
Public
Sep
7 % May
Jan
6% July
—
Registered
Kansas Gas ft Elec 7%
preferred series A_
General
Sep
92
11%
Amer dep rets ord reg—
General Finance Corp common.
5%
42
10%
Jun
Ltd—
; ;
,
9%
12%
7% Aug
9% Jan
87% Jan
-108
225
1,300
100
c
Jeannette Glass Co
Garrett Corp common.
Gatineau Power Co common.
4.100
75
Jun
40
10%
24%
8%
Jun
110
Feb
Feb
42 Vz
10
23
Warrants
International
26% Aug
450
«...
Sep
28%
50
Sep
350
55%
—
101
...
200
1,250
25
14
ft Malt common—1
6V4
31
106
International Minerals and Chemicals-
International
22% Jan
30 Va
1
(Geo
conv
22%
100
1
Rtorea
Froedtert
Fuller
900
1.23
Brewing—
Distilling
Franklin
Sep
Jan
40% Aug
18%
Interstate Power $7
Pitt Brewing Co
Pox
26%
26%
3%
106
4,500
60%
ctfs
$3.50 series—
International Metal Industries A
International
mmm.
20
43%
42
23%
.80
Preferred
mm.
106
v Sep
3% May
Cigar Machine
Hydro Electric—
Jun
\
Sep
Jan
28
36
of North America
4%
m—m
36%
113
Sep
8%
1
14%
France—
ammm
Jan
Mar
25%
20%
preferred
Aug
26%
mmmm
*
mm>
Ford
30%
Jan
Sep
May
'
—
Common
May
5%
400
130
23%
10
—«.
42%
common.
Industrial Finance v t
3
6%
600
July
23
-
11
9%
May
26%-
41 Va
43%
Indianapolis P ft L 5%% preferred_100
Indiana Service 6% preferred——100
7%
preferred
100
8,000
56
26%
36%
106
—
*
—
B
—-•
—
5,200
23%
40%
Jan
110
Co
3%
59
20
Mar
8
25%
Imperial Chemical IndustriesAm dep rets regis
—JB1
Imperial Oil (Can) coupon
•
Registered
;
——*
Imperial Tobacco of Canada
8
Imperial Tobacco of Great Britain ft
Ireland
i
11
12%
«■*.»
—
Jan
37
6%
arrear
52
53%
21
(Phila)
Jan
20
0
preferred
conv
58%
60%
14%
12% May
20% Sep
I
Illinois Power Co
17%
*
8
..
9% Jan
2.200
36
preferred
Electric Securities—
1%
Ford Motor Co Ltd—
Ford
36%
common.
3%
*3%
—1
—
Fan steel
Fire
26%
Inc
Ligonier
11%
——1
Engine ft Airplane
Brewing
Falstaff
38
25%
-100
1
100
Corp
International
Falrchlld
650
,
124
Insurance Co
Fairchild
20%
Jup.
16%
Jun
19%
300
400
Jun
Jari
May
59%
4,500
Sep
Sep
Jan
39 Vz
Jan
Jan
48
preferred
27 %
Jan
11%
$2.25 preferred
Com stk purch warrants.
1st
Jan
25 Vz
57
10%
38
preferred
Hummel-Ross
Hydrp
19%
33
25%
5b Vz
11%
flygrade Food Products.
Eastern
Jan
14%
14
(Harvey;
Huyler's
9
26%
Oil ft; Refining
Hussmann
Jan
—
Hubbeil
4%%
Aug
5%
55%
ft Co common
Humble
East
108
20%
preferred—
5 % Vo
Jan
-8
-8.80
M.
(A C) Co common
Horn & Hardart Baking CoHorn ft Hardart common
5%
103%
300
7%
Jan
60
106
11
7%
Horn
Howard
100
7%
common
Inc
14%
.10
Consolidated G
Co
105
1
ft Co class A
(R)
14%
-100
preferred w w
Henry Holt ft Co common—
Heyden Chemical common—
Hormel. (Geo A)
dep rets ord reg
Durham Hosiery class B
2
common
5%%
84,
—
£i
Am
Duro
Co
Aug
Dunlop Rubber Co Ltd—
ft
Heller
May
Apr
38% Jan
100
Duke Power Co
Apr
10
Apr
74
150
57
Feb
28'/a
67
92'A
56
Corp
15
...
•
Ltd
Co
Apr
25% Mar
Coal B
Textile
5%
Internat
.
21%
132
3%
1,200
22%
300
132
20
2% Mar
.
Jun
:
23
May
Jan
135
Mar
18
Mar
'
38% Aug
\
17
Mar
33
—
3%
Jan
14 %
104
Jan
1
Marine.
Co
;
Ltd—
—£1
5% Aug
—
26
26
200
20
Mar
6%
29
Feb
Mar
I
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4425
162
NEW YORK CURB
RANGE
Week'a
Bsnga
Shares
EXCHANGE
SEPTEMBER
for Week
of Prices
ENDING
•'''/.Sale*//'
Last
Bala Price
FOR WEEK
8TOCK8
Friday
1533!
28
Week'a
Last
Range
Sales
for Week
Bale Price
ef Prices
Shares
//Friday
.STOCKS
'
York
New
Curb
Exchange
Par
Marion Steam Shovel
Harris
*
common
Corp
common
Low
8%
Jan
500
1%
1
Jan
11%
12%
14
43 %
44%
15%
.
15%
16
1,100
190
Curb
Exchange
40
2%
7% Mar
400
12%
22%
95
Jan
14
Sep
45
jun
12%
Jan
18
Feb
Jan
190
Sep
Mar
Pacific
Can
Co
&
•
Co
8
Memphis Natural Gas common
Mercantile
Stores
;—•
154%
18%
19 Va
Scott
&
18%
144
4%
1,000
6
5%%
1st
Pacific
1st pfd
28
preferred
Jan
154%
Jan
Sep
Sep
3%
——100
A preferred
6%%
Textile
Metal
Corp
preferred
Participating
Preferred
5%
4%
25c
15
_
1
2.50
Michigan Bumper Corp.——.
Michigan Steel Tube
_
Michigan Sugar Co
i,
'
108
1
Messabi Iron Co
13
•
21%
22
17
17
17%
Class B
1
t c
v
West
Corp
Midland Oil Corp
16 Va
.
"
2%
3
common.
——5
$2 conv; preferred—•
14%
7%
13
$1.40
preferred
1,100
Oil
Midwest
Co_<——4*y.
Piping & Supply
Midwest
Wohl
5%
Co
Minnesota
Minnesota
P
Monroe Loan
~3 V2
3%
16%
16%
51%
51%
300
17
53
!II•'
:i5o
pfd
3%
5%
83%
Mar
Feb
$6
Sep
.
& Elec class
10%
new
—
States
Murray Ohio Mfg
Co.
Philadelphia Co
109%
5%
■
.
Jan
100
104
Sep
750
13
Jan
31
13
1,500
Jan
9%
3,200
Apr
Feb
3,800
3
9%
4%
440
•
1,400
3%
300
182
20
—
—
45
3
-
80
Pioneer
10%
Jun
3%
Gold
4%
Pitts Bess
•'
Jun
,
"2%
2%
Co
107%
Jan
112%
Jun
"~7%
7%
3,400
3
Jan
8%
Sep
76%
76%
77%
550
57
Jan
77%
Sep
51
50%
51%
3,400
46% Sep
34% Jan
53%
Sep
45
Sep
11% Jan
18
20
109'A 109%
8
12
Jun
May
22
Apr
Jan
45
Premier
Jan
3
Sep
Sep
7%
Apr
Pressed
1%
Mines
Scale
Powdrell
6
7%
1,800
.;.200
"5%
6
Prentice-Hall
Inc
Bellas
National
•
July
Sep
16
151%
73%
24%
200
18
Jan
26
Jun
Providence
18'A
50
13%
Jan
19
May
14%
600
10
Jan
17%
Feb
105%
■20
89
Jan
105 'A
Sep
National Breweries common
7%
9
'
National
Gity Lines common
National Fuel Gas—1
National
_1
*
Metals
Producers
146
1,250
f
21%
23%
of
National
5%
Sep
38
common
Jan
>,100
4
Nelson
(Herman)
preferred
13%
500
%
17%
Neptune Meter class A
Nestle Le Mur Co class A
New
6%
preferred
preferred
$2
New
England Tel
Haven
New Jersey
& Tel
Clock
Inc
41
50
—1
——*
1
23%
31
Y
Auction
Rights
w
Co
12
6,400
100
12%
Sep
6%
23%
29 Va
1:300
14%
Jan
29%
Sep
Quebec
Power
13%
13%
14'A
500
11
Jan
16
N
16%
Y Shipbuilding Corp—
shares
Jan
19%
14%
200
11%
Apr
1%
2%
7.600
1%
Jun
5%
5%
5%
1,200
5
6%
May
13 %
J&/2
10%
13
900
Jan
9
May
113
Aflg
11% Mar
13%
1,100
8%
Jan
14% Mar
8%
8%
300
7%
Jan
10%
Feb
8%
8%
525
6
Jan
9%
Jun
81 %
2,100
63
Jan
81'A
Sep
26%
150
21%
Jan
26%
60
110%
Feb
124%
Sep
Sep
14%
.
26%
75%
25 %
81%
Jan
400
20%
Jan
30%
63
Mar
70% Mar
124% 124%
—
•
28%
65%
29
66 %
66%
2,000
4 %
4
4%
3,000
6%
9
31
2% Mar
40
%
-10
2d
Class
B
Mar
x5
5%
Mar
48.
Jun
Sep
Jun
Jun
100%
Electric.
North American Rayon class A
•
•
—
6%
prior preferred
North American Utility Securities
Northeast
North
..30
—
Penn RR
1
Northern Natural
States
Northrop
Aircraft
Novadel-Agene
100%
_<
Corp
9%
Sep
1%
Jan
22
Sep
Sep
Jan
i7d
9%
800
4,200
24%
2%
24
25
4%
4%
1'30
4%
130
44%
I_
14%
2%
130
•
100
2,400
3,400
13,400
-
16%
'
600
45
700
52%
5
6%
10
300
7%
15%
.
14% Aug
106% July
64% Jan
3%
82
Jan
W Jan
200
16%
7,700
9%
1%
36%
51%
26%
45%
45
56
Sep
Jan
Jan
106 %
Apr
Jan
37%
38%
850
19%
2,200
34% May
14% Mar
1
—*
8%
8%
9'A
7,600
6% Aug
26%
Jan
Sep
Sep
Mar
6%
Jun
Mar
18% July
105
Jun
110%
Mar
40%
Jun
■
% 19% Sep
,5,
9% Sep
,35%
Jun
Brass
Co
class
B
.Ohio Public Service 7%
6% 1st preferred-,
Oklahoma
•
common
preferred——.
Natural
Gas
Overseas
For
: '■ %
V '
•
1st pfd
see
4%
30%
115
4%
31%
115
3,000
350
10
100
19
113%
34
112
113%
20
33%
34
10%
10%'
100
16%
16%
100
1,600
.•
■.
-
J
;
page
1541.
~
4%
Apr
5%
Feb
Jan
31%
Sep
112% Aug
117%
Jan
22%
116
100
i
common
Securities-.
footnotes
31%
100
Oliver United Filters B
Omar Tnp
4%
Jan
110% July
29 % Jan
3%
Jun
14%
Jun
1% Jan
19
31%
33
Raymond Concrete Pile common——•
$3 convertible preferred
•
34
34'
35%
56
55
56
common—50c
1
Reed Roller Bit Do
•
Reliance Electric & Engineering——5
Rice Stix Dry Goods—
•
19%
■18%
19%
•'
Raytheon Manufacturing
Red Bank Oil Co
Rochester Gas & Elec 6%
Roeser & Pendleton Inc
2'A
Jun
>42%
2
7,300
24%
28%
4,800
Jan
28%
Sep
1%
800
%
Jan
1%
Feb
5%
6%
Jan
6%
1%
2,600
15,800
3%
1%
1
,
22
500
25%
26% Mar
Aug
14% Jan
200
19
,7
18%
Jun
105% Aug
109
Jan
15
12
May
Majf -I
19% Jun
18%
17%
_
7%
18%
7%
7%
18%
24
19
24%
22%
Jan
Jan
17
Jun
2%
Jan
900
4%
24%
Co
16% Aug
12%
500
6% Mar
800
17
3%
19% Jun
1,000
18%
16%
4%
,
—
8% Mar
13%
—
5%
5%
4%
4%
I
18%
Feb
18%
Feb
25%
Jan
19% Mar
11
100
.
19%
Mar
8%
7%
7%
—
Ryan Consolidated Petroleum—
Ryerson & Hayne* common
13%
300
1,500
'
:
8,000
V
1,200
2,700
5
Sep
3% Mar
4%
Jun
Sep
Sep
•
10%
6% Aug
5%
14
Jan
^Jan
9
Lawrence Corp
Bt
Class
A
$2 conv
5%
Oil Co
Co
119%
Sep
115% Mar
35
Apr
common
(D A) common
Convertible preferred
Schulte
Manufacturing
Scranton Elec $6 pfd—;
Scovill
Sep
5
—-—1
7%
8
7
6%
7
6%
6%
6%
2%
2%
Co
—•
common
37%
4%
5%
98
97
99
43
41%
44%
Bros Inc—
109% 117
14%
15%
116%
15%
102 %
Jan
5
—
5
88%
44%
Feb
Feb
May
Sep
Sep
Sep
116
Aug
117
Jan
10%
Jan
Sep
V
«...
——
"4
4:,.
~4%
9,400
15%
15%
900
22%
24
150
-2%
10,700
20%
2,800
25
91%
91
91%
400
*
24%
23%
24%
1,100
7%
7 Vs
7'A
1,800
1%
1%
1,200
prior stock
15%
;
Inc
Semler
Sentinel Radio Corp common
—1
'
53
42% Feb
4%
Jan
2
9% Jan
Jan
19
Sep
8% May
*
Sep
Sep
>16% Sep
*
i
24
Sep
Jan
2%
Jan
20%
Sep
82% Mar
92%
Sep
83%
Allotment certificates.*
Sep
15%
4% Mar
100
2%
Control
/
5%
34% Mar
1,160
19%
Saiety
70%
4%
38
Jan
5,400
2'A
toentry
8%
Sep
Jan
111% Mar
20%
B)
T
3 Vs
550
22%
(R
Jan
22
1,200
Segal Lock St Hardware
1
Selberling Rubber common
Selby Shoe Co
'
Selected Industries Inc common——1
Convertible stock
-8
$5.50
10%
2%
17,100
\
Sep
Sep
34%
Aug
5% Mar
6,900
1,400
5* '
Jun
8%
——
Brook Water Service-preferred—
•
*
Steel
15,500
6,200
37%
27%
5% Aug
1,100
2%
1
®
*
-1
28
25
Jun
Jan
6% Mar
16%
2,025
7%
Scranton Spring
$6
25%
25%
—
8%
16%
24
50
Regis Paper common
Salt Dome Oil Co
—
Samson United Corp common
Savoy
Schiff
3%
2% Jan
Ltd.
pre!
St
Jan
923A
14%
Apr
25% Aug
1%
12
reb
Sep
6% Aug
7%
Aug
H Jan
2%
Jun
•
.
Jun
4%
18%
preferred
•'
Sep
1% Feb
% Jan
,50
14
14
17
Aeronautical Co
Jun
18
14
Metal Works
Royalite Oil Co Ltd
Russeks Fifth Ave
3%
1%
6%
Roosevelt Field Inc
$1.20 convertible
Feb
18
1%
pfd D
100
———-•
Rotary Electric Steel Co
23%
28
dep rets for ord reg
Rome Cable Corp common
Petroleum
May
25%
Am
Art
Sep
58
Apr
17% Aug
1% Sep
7,200
Feb
35%
52
140
Ltd—
Rolls Royce
Ryan
Jan
1%
1%
1
1
Co v t c
575
2,000
18
1%.
Oil Corp. warrants
Richmond
Radiator—**
Root
Jun
25%
Richfield
Ronson
Sep
20%
29% July
22% Jan
45Q
3'A
15% Jan
52,200
19%
2%
3%
19
10%
Jan
164
Jan
Sep
100
Jan
13
Voting common
—*—10
Railway & Utility Investment A
1
Rath Packing Co. common.,
10
Jan
10%
Jan,
156
R
9 % July
6
60
0
& Light Securities
Railway
Seeman
-
Ohio Power 4%%
Jun
17% Jan
76%
240
' 163
163
.100
CO—,
Securities Corp General
Ohio
Jan
19
18% May
13% Aug
93% 100
Quaker Oats common.
Scullin
a
110%
,
1
Jan
Sep
May
7%
11% Mar
13%
Ogden Corp common.
16%
13% Mar
25
5Vs May
136
Feb
1%
Sep
Apr
2%
Jan
5%
Feb
15
Jan
Mar
Sep
17 %
Jan
37%
200
Aug
102
Aug
% July
Jan
19%
35
May
7% July
19% Mar
99%
34%
90
12% Mar
2
Feb
110
6% Mar
13%
Sep
21% May
110
Jan
'89% Jan
35%
45%
52%
4%
50
23% Mar
121
45
52%
Apr
Jan
250
44%
_
30%
25
class A
Inc.
12
600
16%
8
14%
,
150
.
fcfd—100
————_—20
Gas
Power
1,225
50
—
Northern Indiana Pub Serv 5%
Northern
50,600
9%
2%
—5
Co
190
7%
99
9%
•
Texas Oil*.
Airlines
20
76%
6%
16%
.1
North Amer Light & Power common—1
$6 preferred
•
300
16%
73
.—8
Northern Central
1,150
107% 108%
108%
•
common-
16%
III
Mines
B
48
IS
Nineteen Hundred Corp B—
Class
25
107 Va 108
7%
.100
.100
preferred
optional warrants—,
%
1,800
16%
Niagara Share Corp class B com. -II5
Noma
1,500
%
16
44%
-10
Niles-Bement-Pond
Nipissing
1
16
~
16%
5%
16
Jan
•
107%
—.
105 > Sep;:?"
400
18% J
16
Radio-Xelth-Orpheum option warrant*.
107
Il%
1
—
225
18%
15% July
2% Mar
N Y State Electric & Gas $5.10 pfd. .100
.100
N Y Water Service 6% pfd
Niagara Hudson Power common
5%
1st preferred
118% Jun
,17% Jun
Jun
Sep
14%
-10
Founders
May
Feb
"
—
Sep
112
14% Jan
8,700
105% 106%
106%
preferred
29%
Y
Merchandise
Jun
;9%
Apr
13%
Feb
%
Y
1%
; 13% Jun
Apr
8% May
"
"*1.111
Jan
i
N
Mar
,
'-;s
16%
15%
Pyrene
8%
•
N
Mar
15% May
10%
300
9%
73
% Jan
9,200
1
Jan
■
$5 prior preferred-'
Puget Sound Pulp & Timber*
'Pyle-NaMonal Co common
11
common
City Omnibus warrants
Y & Honduras Rosar'o
N
Sep
1% Mar
107% Apr
111% Jan
16%
Rio Grande Valley Gas
N
Jan
1A Jan
-100
300
6%
New Process Co common
Jun
43
6
22
12%
9%
——*
Sep
July
Jan
Jan
12,000
14%
\%
12
12%
'
11%
3%
650
1%
13%
14%
America
1st preferred
9,100
_1
Land
Sep
17%: Sep
12%
61
7%
1,200
—23
Zinc
New Mexico & Arizona
23%
16% Jan
-100
12'A
•
.
Apr
Jan
900
43
1%
1%
t
1st preferred-
13%
100
Co
common
Sep
6%
.
6% Jan
8%
19 Va
100
*
-
-
New
New Idea
—
Jan
151%
of Colorado—
Public Service
13
13%
•
England Power Associates
20%
":;
13,100
6
19%
18%
Jun
"2%
100
8
—•
Corp
78 % May
Jan
v
Sep
*
Nebraska Power 7%
Feb
Jan-' :
39% Mar
27
1
Radio
Union
Jun
30c
& Mines
11% July
44% Apr
14% Mar
•117
23%
5%
6
18%
_
Gas
11%
18
18
12,50
National Transit
National Tunnel
6% July
Jun
€%
Jan
-600
•
5
17%
Corp of Nevada
19% Aug
15% Jan
350
27
•
Ltd
Car
25%
39% Mar
26%
1
1
Refining common
National Rubber Machinery
Steel
46,800
—
•
.,—.
Mfg & Stores common
National
5%
*
23
8%
50c
preferred
National Candy Co common,
National
4%
19% Jan
2% Jan
33% May
~5
1
Hess common
100
J an
64%
410
18%
151%
%
5
Prosperity Co class B
23
Aug
x8%
common
30
N
;
Sep
Jan
18
Aug
3% Apr
,.700
18%
Common
Corp
11%
87%
--
4^-
4,100
11
72%
-
43
X142
23
Jan
May :
25% Apr '/.
3,000
5%
10%
Co
Feb
104
31
~5%
5%
Gold Mining-.
14%
105'A
11%
of Canada-—
18%
14%
—
.
24
*
32% Aug
43
Alexander
St
Power Corp
May
Jan,
14% July
Jan
18
—
Polaris Mining Co
129
6'A
Jan
30
30
common
80
24%
11
75
RR
800
50
,.600
11%
—
Ltd
7%
X141
800
12%
32
Am Shs—
25%
25%
Xl42
7%
,
15%
15%
11%
—
Ltd
L E
&
Pneumatic
193
16,100
:
Sep
Feb
38%
•
Sep
115%
12%
Pittsburgh St Lake Erie—.
Pittsburgh Metallurgical
Pittsburgh Plate Glass
Pleasant Valley Wine Co
Plough Inc common
Feb
100
Jan
32
common
Johnson
18% Mar
179
Jun
82% July
51 % May
109% Jan
Puget 8ound Power & Aight—
Nachman
Mar >.
1%
Jan
8%
Mar
6,900
3
pfd
Piper Aircraft Corp com
Pitney-Bowes Inc
Sep
13% Aug
-■'■4% Jun
9% Aug
2% Jan
4
■
Packing
Governor
Pinchin
Sep
19%
81%
Jan;
78
1
109% 109%
15%
Pierce
Pratt St Lambert
•
I100
3%
•
common
Phillips
Sep
53% Sep
6% May
83% Sep
104
Sep
Aug
1%
10 %
1.2%
Muskegon Piston Ring
Muskogee Co common
6%
preferred
•
Pharls Tire St Rubber
17%
Mar
—
I100
-
Jan
Sep
Feb
Jun
Feb
60
.
182
*
common-
10,700
58
Sep
.42% Mar
Mar
47
1
Feb
May
Sep
•
common
3%
225
44
—10
Power
new
Jun
Aug
46
475
—
—
—
Mountain States Tel St Tel
Co
35%
6,200
•
Producers—*
Mountain
Mfg
Phila Electric Power 5%
3%
•
•
Mountain
IC- £
"7%
7%
9%
22%
Jan
40
29
'..•I'
15% July
50
•
2.50
Apr
31
3%
.
"*
^
—*•
Moody Investors partic pfd
—
Mountain City Copper common.— —50
-
Traffic Co
11%
9 Va
.3%
^
5
com
com
Penn Water & Power Co.
4
3% Jan
14
600
■
1
Utilities
A
St
Jan
27
5,200
19'
19%
10%" 11%
19%.
—10
Montgomery Ward A
Montreal Light Heat St Power
"•
1
1
Jan
104
104
30%
Feb
6%
29%
A
54
•
Light $7 preferred
preferred—
Penn
Mar
^
Society
44%
54
•
22%
—25
39
Jan
83%
83
common-
preferred
Dakota
Montana
31
1
2.50
Mojud Hosiery Co Inc—
1
Molybuenum Corp
1
Monogram Pictures* common—**—
conv
8%
—
"
5%%
100
6%
5%
L
&
»
2%
1
Mfg_>
Public Servi"e
Missouri
400
-50
--
Canada
&
3%
9%
•*_
common
Mining
28V2
3%
9%
30
31
preferred--:
conv
Mining Corp oi
800
3%
9%
-10
—
Mid-West Refineries:—
Miller
26
36%
30%
37%
250
37 V2
1-50
—
10
9% July
Jan
21%
22%
Perfect Circle Coi»as,*i
•
common
Abrasive—-t_
18%
Penn Gas
-
$2 non-cum dividend shares—
Midi ale Co
Mid- West
1,100
Jun
Power
Jun
5% July
Jan
May
5
8,000
Sep
26
Sep
Jan
23
16%
58,900.
-
Penn
8% July
:: 26
Jan
23
16
25
8%
1
A
115% Aug
Jan
8%
Jan
'Jan
100
7
x22%'Jan
33%
Jun
•
r
.
200
12 %
38% July
109
- >eb
104% July
107% Sep
so
300
,
6%
12
12%
13%
11
Sep
Apr
1
—...
Jan
10% Aug
22%
42 %
Jan >
25
Pennsylvania Edison Co $5 series pfd-*
$2.80 series preferred.
*****
•
Pepperell
Midland Steel Products—
Corp
Co
15% Aug
2% Aug
20,500
Jan
Jan
36
26
"
14%
38
10
Motors
Pennroad Corp common
Jan
500
8%>
•V
6%
6%
Airways
Parkersburg Rig & Reel
Patcliogue Plymouth Mills
Peninsular Telephone common..-
Sep
8%
25
Jun
12%
High
1,400
106% 107% v..
8%
•
common
Sep
8%
>
v300
% 50
107% 111%%.:Zi
110
.
26
3\
1%
500
3
American
new
Parker Pen
51% Aug
Jan
8% Mar
1,600
16%
Pan
5% Mar
4,300
13
Page-Hersey Tubes
•
•
preferred
Paramount
Jan
t
1st
Sep
Jan
3
850
$1.30
—
Feb
7%
7 400
2%
110
Jan
45
37%:%
•
100
Service
Jan
5%
Apr
Jan
Public
warrants—
Pantepec Gil of Venezuela Am shs
3%
300
1,500
13
2%
11%
21%
Middle States Petroleum class A v t c_l
Middle
s
20
3%
43,800
7Va
12%
2%
13
——1
Micromatic Hone-Corp
4%
7
100
25
57/a
4%
7
—10
;—
108
4%
39 %
—28
Lighting $5 preferred
& Light 7% pfd
Pacific
Feb
91
140
Jan
13%
200
5'/a
5%
149
154%
•
common—
Chapman
Merritt
190
22%
38%
37%
common.
Pacific Gas & Elec 6%
Pacific Power
Mead Johnson
20
38%
I; Low
Jun
Mar
36% Mar
275
Ranre Since Jan u*rw J
High
Jun
7
1.800
Low
Par
13% July
95
13%
York
High
-
500
12
11%
pfd—100
•'
•
•
.—
$2.50 preferred
McWilliams Dredging
High
11%
1%
t c.
v
McColl-Prontenac Oil Co 6%
McCord
Low
12
Mass Utilities Association
Massey
" ;T
*,
New
Rang* Since January 1
•
<41
in
THE COMMERCIAL & FINANCIAL CHRONICLE
l'54G
NEW YORK CURB
RANGE
Week's
Last
Range
of Prices
Shares
Mining
—
Shawinigitn Water ft Power—~——
—25
She r win-Williams common
■
{■
Sitiger
Singer
Manufacturing Co__-Manufacturing Co Ltd—
rets ord regis—......
City Gas Be Elec 1*Vt&—.
Aircraft CoManufacturing Co
Solar
Solar
17%
16%
17
8
8
8%
3%
3%
7,600
3,100
97/a
9 Va
9%
1
30 Va
300
13
11%
13
12
12
13
71
8%
""l%
Standard Cap A Seal common.
Convertible preferred^—.
-10
36
35%
36%
Standard Dredging Corp common*— -1
$1.60 convertible1 preferred——. 20
Standard Oil (Ky)————. 10.
1
Standard Power ft Light-
1
1%
1%
1
1
(Hugoi
Stroock (S) & Co
Sun
Superior
Common
-
Class
•
.
18%
Inc—
27
Sep
22
Sep
Woodley Petroleum.
1% Jun
ft Jan
ft Jan
105-
9
Mar
30
135
11%
Feb
Sep
Sep
113
Sep
May
14 V# July
Jun
164
Jun
35
27%
250
37%
Jan
40% July
100
14%
May
12
Sep
Jun
21
Feb
14% July
13% Jan
11% Jan
16
Jun
<F W)
16
100
14%
i6 y«
14%
Feb
21
Jan
14%
17%
375
10%
100
100
15% Jun
17% Sep
6
Jan
11
Jun
110
Jun
112
Aug
5
Jan
7%
Sep
7%
500
18%
21%
3,000
8% Mar
21%
Sep
9%
9%
1,400
8% Aug
12%
Feb
7
21%
American deposit receipts—.—Is
Wright Hargreaves Ltd
•
145
Jan
Ltd—
11
"313
1
3%
Jan
3
12,500
,4
15
Jan
May
4 is
Jun
18%
Sep
% Jun
Jan
% Jan
Sep
68
July
Aug
Sep
23
10%
750
18%
14
1,200
12
200
23%
Jan
100
19% Jan
Sep
2%s
t debs.,
a
25%
if
Sep
100
J-J
—1961
Appalachian Pow deb 8s
Sep
14
M-S
—2010
Writing Paper 6s
Appalachian Elec Pow 3%s
Sep
57
J-J
-.1970
6s_
Amer
—2024
Elen
Associated
Jan
Apr
J-J
^.1960
3%s s f debs
3%s • f debs.,
Jun
14%
A-1990
■
Amer Pow ft Lt deb
18% Sep
31%
10
14
Last
Sale Pries
Week's Rango
or Friday's
Bid ft Asked
Bends
Sold
No.
Low
:
Range Sinee
January 1
Low
High
American Gas ft Electrle Co.—
25% Mar
45
9,825
Friday
Exchange
High
9
July
18% Jun
3% July
Jan
28%
Curb
Interest
Period
Sep
6%
Jan
21%
Now York
Feb
18%
Jan
1%
,
16
4% May
3% Feb
300
BONDS
16% Sep
54% May
Apr
Mar
Apr
11% Jan
5,100
2%
14
Jan
800
150
14%
1
Woohrorth
.Jan
8%
*: 25%
3,800
Sep
-
7%
Jan
7%
19
2
;
1% Jun
8
17%
22
4%
6
40
28
10
Woodall Industries Inc
Jan
50
pfd
Swan Pinch Oil Corp
30%
Jan
12%
Sep
Sep
Jun
114
Jan
18
pfd..100
Wolverine Portland Cement
5% Mar
Jan
Jan
'
24%
$2.50
Wisconsin Power ft Light If*
18%
100
21%
200
36%
common B
21
1.300
27
i
Cement,
Sep
5
6%
17%
*
—
_
A
3%
37
Jan
18%
2%
Mar
3:
1,000
10%
Jan
Jan
7%
16%
17
17
1,950
6
145
149
10
Winnipeg Elec
3%
6%
"8%
Mar
15%
Jan
107
111
—•
Sep
2%
17%
—•
10
10
30%
9%
Jan
5
200
40
6%
——1
29
15
——1
common
Portland
27%
53
18%
3,400
5
.1
Mar
17
1,000
16%
16
16%
—l
Ray Drue Co.
Sep
1% Feb
16% Mar
1
9%
15%
114
12
1st pfd—100
•
Wichita River Oil Corp
Williams (R C) ft Co—
Willson Products Inc
Feb
61
1
Sullivan Machinery
8%
6%
700
8
Sep
Sep
Jan
5
50
20
Corp
71
4% May
\i Jan
—*
—
Maryland Ry 1%
Weyenberg Shoe Mfg
14% Jan
Apr
7,500
4%
7%
16%
40
9
Sep
9,700
4%
200
—.10
900
u
iV
"7%
1
common—
—
Btlnnes
""%
-1
ft Co common-..
Western
31% Jun
5%
1.28
*
Westmoreland Inc.
•
Bros Stores
Wentworth Manufacturing
13
800
17%
16%
'
16 Va
29%
30
f
West Texas Utility $4 preferred
West Va Coal ft Coke
;—w
May
31% May
11% Aug
160
Sep
Jan
6%
Knitting"Mdlsl—Z——ZZ—Za
Jan
6,700
1%
85%
12%
15%
20
3.500.
136% 142
142
Jan
9% Aug
11% Mar
Western Tablet ft stationery com..
100
21%
1%
Jan
54
Sep
x51%
Sep
3
690
3,400
114
•
-
Clftss B
Wayne
Westmoreland Coal
1,000
27
20%
1%
«
'•
—
,
Aug
Sep
350
5%
5
27,
21
9%
IOC
Jan
3,200
29
Steel Co. of Canada.
preferred
11
400
6%
15.900
16%
•
143
"
B—.
Co..
Jan
1,800
1%
7%
8%
Jun
10 Va
6%
..•
Waitt Be Bond class A
46
9%
280
98
Jan
85%
6
82
9%
Aug
900
69%
3% July
9%
6%
8
2,800
5
Jan
500
85%
134%
-30
voting trust ctfs.
38
Jan
29% Mar
100
"9%
-10
Standard Stiver Lead-
May
Aircraft
1%
Feb
Jan
"9%
Feb
1%
3%
W
Sep
41%
30 Va
~9%
-10
Standard- Product* Co—
6%
49%
20
.100
Commou class B
10
Jan
27
-25
10%
92
Wagner Sating voting trust ctfs ext..•
3% Jan
Jan
44 Va
-25
Jan
6.600
1
Petroleum
Manufacturing
Waco
Jun
9% Mar
Jan
42%
44 Va
—
Sep
7%
10%
Apr
7%
200
600
-10
-25
90
Jun
4
6%
30%
.-25
.2.78
1st preferred^.
::
5% 2d-preferred-.
;
Sterling Aluminum-Product*
Sterling Brewer* Inc.—
Sterling Inc..
Stetson (J B) Co common.
Vogt
22
47%
27
Sterchl
113
Jau
6%
—
Jun
Jan-
65%
3%
3%
High
4%
Mar
1.750
9%
10
19% July
46.%
1
29
Stein- (A)
6%
Jan
Feb.
Venezuelan
Jun
,370
7% Jan
2% Jan
1,500
3%
3
3,600
90
1
9
common
convertiole preferred
$4
Jan
10%
3,700
1
1
Standard Tuba Class
Mar
6%
19% July
-.
Standard. Brewing Co
36
110
10
1
Spalding (A G) ft Bros pfd
Spencer Shoe Corp-————
Sfcahl-Meyer Inc.
Jan
4%
400
5%
113
113
.100
Low
4%;
80
90
10c
1
Range Since January 1
High
4
Sep
July
Apr
267 % Mar
120
Low
16% May
3
3,400
5%
.JE1
«
Oil.
Southwest Pa Pipe Line.
Southern California, Edison—
5% original preferred.:
6% preferred B5%% preferred series C
Southern New England Telephone.
Southern Phosphate Co—
—
Southern Pipe Line—
Southland Royalty Co—
Starrett (That Corp
26
Apr
12% Mar
4%
323
319
320
.100
1
Penn
Preferred
Jan
Products-
Utility Equities common
$5.50 priority stock
134
Sep
116% July
21%
Radio
Utah
Ye4ec*r Corp
South Coast Corp commonSouth
Jan
Jurt-
250
4%
Shares
5
*
1
preferred.:
Utah Power ft Light $7
Jun
32
*4%
1
——
Manufacturing common
Boss
102%
600
14%
14
14%
Corp—
Sonocone
18%
Paper Mills
(Howard)
Smith
Apr
20%
Amer dep
Sioux
15%
114%
—
for Week
Par
12% July
5% Jun
1,100
134
133
134
common----------------
fiimmons-Boardman Publications—
$3 convertible preferred
—
Simplicity Pattern common
.
Jan
20%
Ltd
Breweries
Co
Siiex
17
3%
Canada
fiherwin-Williams of
fiick's
"
Jan
-100
preferred
4%
17%
Sales
Range
of Prices
Friday
Exchange
Curb
Utah-Idaho Huear
Sep
4.100
5%
17%
5%
York
High
8%
10%
Denn
Shsttuck
Low
—
5%
Week's
Last
Sale Price
New
5% Mar
Leather common
Set,on
28
Range Since January 1
1
B
EXCHANGE
SEPTEMBER
STOCKS
High
Low
Par
Serrick Corp class
ENDING
for Week
Sale Price
Curb Exchange
York
New
WEEK
Sales
Friday
STOCKS
il,
FOR
Monday, October I, 1945
4V»s
I
r
*•
7
107
104
106% 109
,
108% 109
11
107
HOVs
107 V* 108
108%
107%
49
104%
109%
6
101 Va 101%
101 %
5
108% 109%
J-J
$ 124 % 127
A-O
,
——
100
102%
108 V«
111%
129%
123
92%
102
100%
82
MS
1953
r._
107
107
J-D
—1970
101%
$102% 102%
39%
38%
39 %
3
29
42
29
42%
29 Vs
43%
J-J
100
100%
fAssociated Gas ft Elec Co—
A Conv
AConv
Sep
deb
deb
4Vas
4Vas„
—1948
■
S
Oil
Textron
•
Thew
Tilo
pfd.
new
shovel
700
23%
2,600
~7%
800
6%
Jan
9%
12,300
13%
Sep
14%
Sep
26
Jan
39
Sep
39
38
39
1
15
14%
15%
3.300
9%
Jan
15%
15
16
1,400
7%
Apr
16
A-O
41
38 J/4
41 Vt
133
29
5%s_.
—1977
F-A
41
%
39
41 »/4
42
29
43%
103%
103
104 */4
39
99
104%
a
deb
71%
7%
61
300
7 V4
800
,
*
92
91
94
110
100
110
>2
C
series
l
t
_10
~~1% "l%
1%
■
5
5
118
U70
1962
A-O
1970
J ,D
1948
J-J
78%
77%
13% May
46%
2%
45
49
2
117
Jun
9~%
May
1%
Jan
Jan
35%
2,800
2%
*9%
Sep
May
Jan
1
9,300
13%
.
500"
13%
Jan
12
1
Apr
Jan
7%
2%
15
5s
ft
.1
10 %
10
3%
3%
10%
3%
8%
7
8%
18,400
8%
8%
100
.
•
'»
Union Investment Co
Yds of Omaha
2%
800
I
•
r
14%
14%
28%
14%
'•
common
28%
7% July
.
22
100
;;$5 ' preferred
uorp
;•
4
•'
.250
-25
common
I
Reclaiming
United Stores
common
United Wallpaper, Inc
Universal Consolidated
I
—2030
F-A
RR 5s
1956
M-S
Oil
—9
stamped
;
Pub
Serv
—1
6s
286
Jan
15%
14%
6,300
9
2,700
1%
9
2
Illinois
1st
9%
5,400
vti
2%
3%
4
ref
7%
■
I
16%
17%
1,300
20%
Apr
2%
Jan
Jan
96
A6%s
108
124 Va
127%
4%
4%
4%
5,600
•.
34%
34%
150
-10
1541.
8
...
4
Jun
4
,
.8%
II
J-D
Mar
Jan
i
Feb
Jan.
■
Sep
24%..Apr
18
Sep
6% Feb
24%
-
104% 107%
45
105 Va
107
$106
$101 Va
92
—
67
75
$74
55
106%
107 Vs
101
77%
104%
106
104%
105
l04% 104%
102%
105%
103%
104% 104%
102 V8
A-O
$105 %
$104
—
(Aug
1941
-
-
106
$106% 108
M-N
.
F-A
II
J-J
30
II
52%
62
63
1957
1952
57
$50
60
63
37
1
52 %
37
31
•
1957
60
31
1952
1941 coupon)
109
28%
55
$50
J-D
1955
:
103%
102% 105
3
coup)-
1941 coupon)
F^_—————
(July
F-A
1959
1
103 %
J-J
.1970
3%s
104%
MS
.
.1950
.1963
L
E_1
series
A 7s
Sep
21%
90
103% 106%
101% 102%
10
106 y8 106 Va
A-O
5s
ft
P
series
Interstate
9% May
26
77
12
63
97
102
Feb
Jan
Sep
—
102 Va
J-J
series
A7s
Sep
Jan
4%
88
104 Va
1949
5s
ref
•ec
Jan
M Jan
4% Jan
•
&
Hnternational-Pbwer Sec—
Feb
A 7s
12%
'
80%
50%
Co—
Jan
;; 14% Sep
18
16%
63%
104
Power
Debenture
Altailan
v
1952
6s
Superpower
Kansas
Electric
"
-99% 100%
100%
94%
1966
31
Sep
37% Sep
-
'Kansas Gas Be Electric 6s
Kansas
Power ft Light
2022
r
3%s_.
Kentucky Utilities 4s
snnenor
Oist
Pow
McCord Corp 6s stamped
1970 /
3%s.
M-S
v
..1968
1948
^
'
•
? J-J
61
104
;
107%
105%
.116% J20
108
112
117 %
10
106
;
105% 107%
r
A-O
F-A
$115
106
__
95%
105%
$108% 110V4
J-J
1969
71
37
47
$104% 107
-
J-D
94%
,
105% 106
106
MS
■
74
92
$40
J-^J
1963
Power 3%s__
'
J-J
;
196$
6s
Jersey Cent Pow ft Lt 3%s
iv
J-J
1957
5s
'
-10
106
3
__
:
__
J-D
1958
5%s series B——— .1957
Seivice
May
1%
■
124
101
31
Jan 1949
Indianapolis
4%
100
3,800
II,100"
120%
33
F-A
1953
6s—
Jun
Mar
83
109%
105%
3
$102 Va 104%
$54%
J-J
.1963
3%
Pow
West
Jan
Power
lien
A 7s
1%
2,800
24
39
104
104
J-D
-
Jun
Apr
15% Sep
13 Va
950
,
2%
11%
May
ft
B
series
8 % Mar
200
8%
2%
*3%
8
15%
95%
106
103%
July
50
•
—2
7%
Jan
Feb
15%
105%
127'/4 127%
~
J-J
:1950
Hygrade Food 6s ser A
Sep
44
95
103
106% 107%
107%
A-O
1953
Sep
20
2
__
102
68%
38
—
$87
1969
5s
20%
49
15%
66
67%
MS
1961
;——
A.
3%s
Power
14%
48
95%
124
101% 102
Mtge Bank—
Guantanamo
.
81
—
For footnotes see page
ft
Green Mountain
1% Mar
13%
B_
Prouuccs Co
ft
Residential
Grocery Store Prod 6s
: 73% July
14
.50o
Universal-Insurance
UxLLversal
Power
Water Lt
Sep
800
13%
13
$121
JVf-S
Jun
I,925
15
3
104 % 104%
102
—1993
1993
Jun
%
26
80
1
Universal Cooler class A__
Class
122
Jan
"1% ~1%
1
_
108
107% 107%
B
ser
_—1950
78%
-23
$107
104%
Light 5s
4s
stpd.
"l%
9
110
A———1948
79%
-10
common
$5 1st preferred with warrants
U 8 Radiator common
.
275
106%
AGeneral Rayon Co 6s ser
Grand Trunk West .4s
90% July
.100
106%
General
45
6%
106%
104%
106
90%
106
of N J Division—
mtge
Gatineau
Sep
Jan
100
103%
7
28%
Feb
6%
20
106V4
N——:
mtge 4s ser A
-5s
;Feb
38
6%
103% 105%
—
15% July
9% Jan
14% Mar
.
105
A-O
F-A
Finland
86
6%
Foil Co class B
Rubber
9,100
19,200
A-O
85%
103 Vs
(Bait)—
A-O
1st Be
S
S
14%
20%
45
1958
Indiana
^Graphite common.
J
U.f and International Securities
U
13%
19%
103% 104%
1954
Elmira
_•
Sharing...
United Specialties
U S
14%
104%
mtge 4%s
Electric
Apr
20%
F~ A
J-D
Sep
8% Sep
Jan
:
1
J-J
Sep
III*
Preferred
U
95%
3/64
7
United Molasses Co Ltd—
'.Amer dep rets ord regis.
United NJ RR & Canal.
Profit
120
4,200
IlO
,,$3^ participating preferred
.10% preferred
United Shoe Machinery
110% 122
■fV
33
105
7% May
Feb
20
32,
United Light & Railways
United Milk Products
United
122
•
105
mtge 3s ser P
Great Nor Power' 5s
warrants
105
Delaware Lackawanna & Western RR—
Stores.
United Elastic Corp.
United Ga» Corp common
MS
Continental Gas & El 5s
■
United
1966
J-D
Feb
71
Jun
9% Mar
8,600
68
1976
8%
6% Aug
59
162
1969
4
Jan
4% Mar
100
United Aircraft Products
10%
5% Mar
2,200
,10c
59
86
1969
Pr
1st
—10
52
85
;
Lt
1st
—
78%
86
-
5s
Lackawanna
Ulen
Realization Corp
Unexcelled Manufacturing Co...
Union Gas of Canada
85%
79%
Jan
5s
series
ref
Gen
105%
58%
M-3
1st ref mtge 2%s ser Q__
Consolidated Gas (Bait City)—
Sep
102%
M-S
1971
1st
7
90
1958
5s
El
Gas
3%s
'
Jun
102% 102%
—
1927
ctfs
5s
Debenture
12% May
14 Va May
12% Mar
100
deb
Debenture
2% July
5% Sep
59% May
121
112%
—1950
Rys
Service
Consol
113%
183
1954
Conv
1% May
110%
118
78%
79%
A5%s
i A Chicago
4
108 %
110%
$111% 113%
Sep
94
4,000
105%
43%
170
6
183
Sep
112
12
118
Q-F
7%
1% Sep
Jun
500
5%
—
110% 110%
M-N
71%
71%
10
...»
Cigar-Whelan
J-D
1960
1998
U
United
1957
$105% 107%
Bethlehem Steel 6s
Bickford's Inc 6%s
Boston Edison 2%s_
Jan
107% Mar
1,130
...100
_
warrants
United Chemicals
M-S
Sep
111
•
preferred
Inc
Union Stk
M-S
1964
City Elec 3%s...
Jan
3%
12% Mar
convertible preferred.
Udylite Corp
195S.
...
of Canada—
1st M 5s series B
Cities
Tung-Sol Lamp Works
80c
450
70%
71%
•
preferred.,
Trunz
—1968
5s
15% Sep
1
_•
Trans western Oil Co
ui
5s
lACentral States Electric 5s
a
Tonopah Mining of Nevada
Trans Lux Corp
Tri-Continental
84
Bell Telephone
; i
Jan
14%
ft Construction..
6 %
41%
Jun
Jun
m
7%
dep rets ord regis
Edison
118
38%
Atlantic
\25% Jan
Sep
13%
common
Amer dep recs def reg
Todd Shipyards Corp
7 %
115%
7%
Tobacco Security Trust Co Ltd—
Toledo
33 Va
Jan
19% Aug
35
Sep
14
Tobacco ft Allied Stocks
Tobacco Product Exports.
Amer
27%
7%
Jan
50c
common..
Co
Realty
32%
22%
5%
1,400
116 % 120
3
Roofing Inc
Tishman
7%
31%
23
100
ft Land Co
Inc
6%
31 %
Technicolor Inc common
Texon
40%
41%
1949
Assoc T ft T deb 5%s A
Tsggart Corp common.
Tampa Electric Co common.
Texas Power 81 Light 1%
38
F-A
AConv
|
40%
—1950
A Debenture
i
J-J
A Conv deb 5s
v
-
106%
$106% 106Va,
101% .101% 103
„
19
106%
•101%
104 %
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4425
162
NEW YORK CURB
<
liAi
EXCHANGE
SEPTEMBER 28 >
RANGE FOR WEEK ENDING
1111
'
BONDS
?,,i>
v-;v.
<
■
Interest
Exchange
Curb
York
New
Midland
'
*
-
High
at 4%
A-O
.1963
to.
*70%
107
.1967
M-S
Minnesota P 4c L 4VaS
.1978
J-D
.1955
J-D
.1981
J-D
.2022
MS
ref
&
5s.
Nebraska Power 4% 8—
6s
Low
A—
series
.
,75
2
107 y4
101% 101%
*107
;
105
7
/
'
['
3s«L-.
.1648
US
*106
J-J
.1947
Amsterdam
New
Gas
deb
New EnglandPowe*
M-N'
93%
.1961
3y«e'r-^.
J-D
.1950
5s.
'93%
.1948
5s
Con*
:
M-N
109
.* *-
■
92%
92%
93%
93'A
47
93%.
94
*
s 00
:6s
88%
•
.
Gss3%s
N T. state Elec &
N
M-N
Westchester Ltg 4s_
Continental Utility Corp—
Y &
North
107%
(21%
A5'/as series A
A 5s
101%
104
102%
105%
101
1
95 Ve
95'A
1st
Ohio
.1968
A-O
1962
P-A
1948
F- A
1955
F-A
1964
3'As—
mtge 3s__.
Public Service
A-O
1971
Ohio Power 1st mtge
J.J
4s
92%
Oklahoma Power & Water 5s
Pacific
&
Power
Park Lexington
Light
5s
u
1st mtge 3s
24
105% 106%
105% 105%
67 Ve
101%
109%*112% ' \
116%
115%
6
115% 115%
„
A-O
J-D
Penn
fis
Traction
5s
f
s
debentures.
1959
5s stpd__
F-A,
1937
2
71
106
,109%
J-D
*117''>119
-
J-D
1947
Rys Co
AStaraped 5s
53%
20
*.---•*106-108
..f
...
Newspaper Union-
conv
IA York
> 71
106
70 ^
106
..
100
.■-100-102
.;
*10C% -.
—
•
*100%
.
101'A
<
"99%
—
| !
i i
U
105%
99
•
__
'
„
101%
103%
11
68%
23
-;:
107%
—
103% 104
-ioi-% ioiy4-
1
-1001 j : ,106% i!
.-*109% 109%
__
.'
■
109
-105V4
103
105
106'A
*101% 104
103%
:
i
,111.
,'107 '
109%
104%
5.
--
1
.
»
debs
1960
West
98%
105
1
106
106
income
Western
>
-
ior'A
'4'
M-N
.2030
103'A
J-J
103% 103%,
J-D
v;.
redeemed).1948
2022
•
M-S
109%
10
109
103%
/
i
A
.1964
105%
101%
High
108%
.3.03
*108%
,
F-A
..1984
.
19
101
January 1
Low
104%
;
2
105:;' 105
,
v
;
-A-o
Wert Penn Electric 5s
108
42
*106% 109%
j.j
series
Low
Waldorf-Astoria Hotel—
95%
;
102%
102
A-O
>
1952
6s
High
Range JSinee
Sold
No."
95%
<f 88
103% 104'/e
102 y«
Debenture 5%s
A
Debenture
*
'
'
J-D
1959
Wash Water Power 3%a_.
*107% 107%
a-6
England Power
New
series
Bonds
or Friday's
Bid & Asked
y
8ale Price
Co—
Utah: Power & Light Co--,
95%
19
-44
..
.1949
J
N
Week's Range
Last
\
'VyV';';
United Lt A Rys (Delaware) • 5%s_1852
United Light & Railways (Maine)—
f
noye
"88
•
Electric
United
•••
New Eng Gas & El Assn 5s—.
.1968
United Light & Power
1st lien & cons 5%s
v
'
114-;-117
Edison ^3%kA~^.
.i
I
106
107
-; i08%
106
,107%
Interest
,
102ya
*113'A 116
Friday
■
Exchange
Period
108%
101%
8
102'A 102 y2
Curb
High
64;;^> 78
■
York
x
Toledo
Milwaukee Gas Light 4%s.
'V
h
Valley RR—
Extended
1st
January 1
Low
New
Range Sines
Sold
No.
; er
Sale Price
•
Bonds
Friday's
Bid & Asked
Last
Period
BONDS
Week's Range
Friday
5
23.
Foreign Governments & Municipalities
72 V4
63
ar*
■;MU
Penn Central Lt & Pwr
1977
5s_:
1st
-
4%s
M-N
1979
104% 105%
M-N
*106
J-D
*106
1970
J-J
Philadelphia
Elec
1972
5'As
Power
P-A
Philadelphia Rapid Transit
104%
108
104
107
106'.
109
106.
109%
5
109
114
3
106%
109
1-
*108%
Pennsylvania Water & Power 3 ¥48.1964
3'As
12
..
6s.~w.1962
107%
.
107
r
112
112%
107
112%
M-S
•
107
•'.
BONDS
York
New
5s
1950
J-J
1959
M-S
1964
J-D
1949
J-D
101
103%
101
101
Sinking fund deb 4s
Public
of
Service
6%
New Jersey—
certificates
perpetual
.
7s
Mortgage
ACauca Valley 7s_.
105'A
M-N
—
109
102
106%
156
*151
102
151
158 y4
Extended
Queens Borough Gas & Electric—
5%s
Safe
series
Harbor
San
4'As
Water
Joaquin Lt & Pwr 6s 3
ASchulte
Real. Estate. 6s_.—
Scullln Steel inc mtge 3s
California
Southern
Edison
Southern
California
Southern
Counties
106
106'A
104%
107
J-D
108'A 108'A
106'A
109
M-S
*125
126
127
J-D
t.S9
A-O'
*97'A
3s_—1965
3'As
Gas
Gas
A-O
1952
1951.
1951
.
U-S
1970
(Calif)—
A-O
P-A
P-A
Southwestern Gas & Elec 3y4s—1970
Spalding
L
&
(A G)
2022
8s.
5s—*
M-N
1989
89'A
7s
1951
J-D
stamped—
i
' '
*
13
6s
Gas
&
1931
J-D
1972
J-D
—
1858
M-S
—
to 2'As——..2008
100
.
7s
108 'A 109'A
ARio
105%
Standard
AStarrett
96%
4;8.
96% 110
96% 110
P-A
J-D
107
107
96%
107'/a
107% 109%
6i
96%
.J
v'47%
45
-
:j j
46%
22
3.07
1G7
109
38
96.%.. 110
1950
A-O
80
80
6
22
-444%
47
■?•
87
49
H
22
,
,"75 ;#'88
38%
tmmui
'
*
'"V
443%
I"***
**'
'
'
;46%
|
4'
1
—
37%
reduced
2012
s
J-D
1921
6%s.
35%
J-J
1919
2 %—
to
Government
J-J
8%
8%
'
'37%
^
:
9
8%
-
446%
36%
44'A
to Plan- A
A5%8
109 'A
P-A
1
Corp inc 5s
(Hugo)
A7-4s 3d
108% 109
.
V
109
58
1948
of
J-J
1946
stamped
Cash
A-O
*54
57'A
30'A
113
8%
■■
/
•
t
sy4 '•'2'2*,
5% ''21%
22
27
Odd-lot sale,
e
n Cnder-tLr-nide sale,
,
during current week.
y y
.
..
{Reported in receivership.
56%
57%
d Ex-Interest,
value,
a Deferred delivery Bale,
x Ex-dividend.
par
sale,
*Frlday's bid and asked prices; no sales being transacted
A Bonds being traded flat.
I
57%
above—"cod," certificates of deposit; "cons," consolidated; "cam," emula¬
convertible; "M," mortgage; "n-v," non-voting stock; "vtc," voting trust certificates)
"w w," witb warrants; "x w," without warrants.
Abbreviations used
deposit
Industries—
(Hugo»
A7-4s 2nd
•No
r
81
■
Corp—
A Certificates
Stinnes
f
,*,•;
110
P-A
.Dec
..
Stinnes
.
.11
-
•417%
*86
'
Z
J-J
1959
6%s
Janeiro
de
ARusbian
J110
33
debentures
—.—1957
Power & Light 6s.
1957
gold
Ib'jK:'.
"*,
■
]
Stamped pursuant to Plan A
Interest reduced
1966
6s
6s.
,6s
108'A 109'A
108'A
,
38%
34
M-S
(State)
A Parana
108%
1-951
Debenture
Debenture
.
108'A
A-O
4
20%
48%
tit -y
Mortgage Bank of Chile 6s__,
Interest
A-O
.May 1948
.May 1948
37
16%
^
i
*47
Electric—
(stamped)
6s stamped
Conv
19
3
■r'*
*47
Stamped pursuant
Standard
j
91%
'
47
*32
! i
90%
—
A-O
A
6rT;.104% 109
105% 105%'
'
"i
.
■
M-N
102'A
106'A
107'A
'
*44 %
1947
.
107%
M-N
•
j Ii
••:•/.
105%
24
*105
M-S
'
'
28
-
•
4W; -;}
'80
19%
1947
109%
J05*
m
..
101'A 102'A
2008
*
•
65%
€.3
1
28
M-N
:
>High
\ .7^'. ^;": r'
27% '32.
to Plan A
Mottgage Bank of Bogota— ,
'■A 7s'(issue of May 1927)—i
A7s (issue of Oct. 1927)
107 V*
105%
1-06'A
v
ti
105%
*106% 109
*104
•
AMeaellm
101
87
Mortgage Bank of Denmark 5s
21
-f
J-J
.1971
Southern Indiana Rys 4s.;t.—x—1951
P
106'A 106%
106'A
1958
7s
-
30
*18%
MS
Interest reduced to 2yas
92
96
"
•1st mtge 3s____—:
Southwestern
90
*98'A
—
v.
•
91
J-J
6'As stamped.1958
(Peru)
pursuant
Stamped
*28
*85
?r:,
—
'•
F-A
1952
.•;•
Waterways—
6'As stamped
City
A Ma ran ho
1952
1979
A
'4;
•
• r
:
,71-
87
J-D
M-N
1953
5s—
AExternal
ALima
"
Low
No.
,h
*69
...
Range .iBinee
January 1
.
Sold
-"r'4
*69 '
J-J
1955
Port &
Danzig
A-O
Jan 1947
of)
1948
Bank
5'As
•101%'106%
102
Bonds
Friday's
or
Bid & Asked
•
..April 1940
(see
Danish
lp3% 103%
105'A 105'A
•
—
20-year
7s
Bogota
Public Service Co of Colorado—
1st mtge 3%s
^
>.'Last
Sale Price
r-'
102'A
.
•
Low
20-year
A
stamped extended
Corp (Can) 4'As B
Interest
Agricultural Mortgage Bank (Col)—
Co—
Power
Week's Range
Friday
Exchange
Period
A
Gas & Coke
Portland
Curb
tive; "conv,"
stamped
57%
"w
1," when Issued;
OTHER STOCK EXCHANGES
FOR ilVEEK
'ii'Aotfi
RANGE
ENDING
SEPTEMBER
>•*
28
•Mi&oi}
Baltimore Stock
Exchange
Week's
Sales
Last
Range
for Week
of Prices
Sale Price
Par
Arundel
Corporation
Preferred v
Eastern
#
v t c
Chemical
P
115
1
c.
20%
Co
of
Amer
160
A
common-
Houston Oil of Texas 6%
Merchants &
Miners
National
25
160
27%
155
110
14
9
13%
Sep
8
116%
Jun
20%
Jan
168
14
Mar
27'A
Sep
30
35
Jan
45
27'A
27%
37
80
100
3'A
Jan
16
Mills
corn-
IIlOO
47%
Jan
49
Aug
16
48%
30%
.
16
48%
—
—30
31'A
Eastern
New Amsterdam Casualty—
North
American
Penna
Water; &
Oil
__25c
Co—
Power
common—
U. S Fidelity * Guar—
?83
45c
77%
42'A
25c
800
77%"
Jun
38
.1978
—
....—
80'A
85%
$43,000
.1975
86
90'A
; 16,500
•
■
'
......
..
70%
76
86%
Jun
91
-
Apr
Apr
'•
'
"
:
•
;
,
.
"
-
Rang#
;
4
Sale Price
•f Prices
."fur
Low
American Agricultural Chemical
American .Sugar
*
j
American Tel
Refini2ig.~.....
I
It Tel_
American
Copper
•Bird
& Son
Inc..
i__
.
I
Corp.
For footnotes see. page 1548.
37%
22"
23
'
126% 127%
__
156%
9%
21
...
.
'
\
195
,
,
419
-
.:
17
,
Sep
55% Jan
3
Jan
.
115% Aug
Sep
23.
132
i
42%
44
?
,
1,666
37
Jan
:
V":
100
74
73 %
29%
? -
74 %r *"
30
:
,
305
300
Electric
23%
Jan:
I
"Z'.Veb
;!
20'A
20'/e
100
122
;
*
.
pfd
—
—
(Del)
Corp
9%
2%
97
95,
100
7%
6%
535
113
5
9%
i.
common—
95
.*
"2%
96
*
f
1
*
*
23%
52'A
:
Jun
96
97
.71
Jan
12
May
100
16%-
38
May
42
37'/«
30'A
31
31%
342
16
25
-v22
52%
554
42%
Jan
100
36%
Jan
Feb
15
'
•24%
42.20
46%
48%
1,372
37,%
18%
18
18%
1,088
.
Jun
.52%
Sep
42.20
Jan,
42.20
S^p
13% Mar
105
"
"2%
2'A
42'A
40%
10'A
—*
—5
16'A Spp
July
42
Jan
23%
Z.
9%
105
—
Zl ;
100-
90
,
1%
105
Jan
488
42%_.
10'A,
49%' Sep
18% Sep
Jan.
365
2%
35 Ye
44
Sep
RR com.
——100
preferred—:
100
Associates vtc—-.-1
5%
Util
Mass
81
Jun
30
July
7%
Linotype—w
Narragansett Rac'g Assn Inc
Nash-Kelvinator
Service
'
National
.
National
New
•:
Tunnel
>
1
Jan
Mines—-a
North
—*
-1«0
Mining-.^——2.50
preferred
Tel U Tel
Butte
Northern RR
(N h
)—-?——f
100
9
,42%'Sep
6% Jan
11% Mar
5% Jan
12%. Jun
1%
,300
.
•:
15%;:;
22c
.
20
680
" 55%
124%
!
50C
123
V
1,400
23c
110
57
124%
45b .-50c
1
*
131% 131%
165
2,950"
100
.■,
.62 *
Jan
Jan
■r
'
>64%
...
Jun
713/^Jidar
Apr
16^ jun
Jan
22% May
: 22c
-
.
2%' jJun
7% Jan
15%
379
21
200
|
41 ya
340
53
71
20%
21;
Feb
.
555
15'
~1
*
•
2% Jun
:
350
..
71
,15'A
—»
Cos
&
52
1%
—0
England Gas &T)lec Assn—
5%%
.
"l%
-
July
" Feb
■? Sep
37% Sep
31. ? Sep
Jan
48»/a
42.20
_*
15
3^: Apr
99-•
109
3,730
97
42
51'A
30'A
Jan
1%
49c
July
Jan
i-42 :V:'. Feb
Feb
2% Mar
•
•:
57% "Sep
124% Sep
109%
Jan
30c
Jan
72r
Feb
Mar
131%
Sep
115
,
:•
i i
! I
Sep
9% Mar
Jun
Feb
-78%
156
...
23%
"
i
-
87
10?
13%
16
2'A
100
225
;
122
Jan
7%
100
,
}
,
24%' Jun
36%. Jan
•41
20%
122
37'A
-
:
....
_—
Copper—
New England
•69% -Jan'iv-
.{5 July
9
4*—
(Wm)
; Mergontbaler
I;
'
„•
60
Maine Central
.
-.
July
"
44
Feb
Apr
.100
conv
Lamson
Sep
29 % Jun
371/4 Sep
Jan
41
B
-Kennecott Copper
-High.
37%
186
Jan
Jan
29
1.049
■
'
41 'A Aug
118
22%
36 'A
37 %
23
100 '
125
Ediscn
J Boston - Elevated. Ry__
*
Boston: Herald Traveler
1,390
22%
—,—.—50 ."
Boston & Albany RR^
Boston.
.182%
m
294
.
V
'
aohl;.
29% July
85
47% 47%
181% J64y8
100
100
Low
35%
•
Range Since January 1
Mifh
34%
4
Woolen-
Anaconda
34%
Shares
A
56
,7'A
SS Lines Inc; common
Hathaway Bakeries $7 conv
-Sales
:•
54%
7%
series A
Sons Co——
First National
8tores
—;
General Capital, Corp
—
.
:
preferred
Isle Roy-ale
for Week
55%
—5
100%
Filene's
.
Week'a
Sep
„
10% Mar
25
.
.
Associates—
preferred.
Employers Group Assoc
; Engineers Public Service^
Bosfoii StockExchange
(Last
Jun
18
Z100
Gillette Safety Razor Co
Friday
.18%
.100
$2
.
STOCKS-—
ti Fuel
1st preferred
; General
•
.
Apr
Jan
—
6%
.
:
Jun
11 »/a
13%
95%
Eastern
Jun
-
17
45
155
RR pfd.
Co
6%
Sep
10% Mar
8
Jan
Jun,
19 % July
i
12'A
*
Sep
77%
45 'A Jun
Mar
.:
series A
•45C
Jan
63%
15
345
43'A
13%
Aor
17
Jan
14.
17%.-
prior preferred ——:—*100
Eastern Mass Street By—
31% Sep
/Mar
10 y4
300
„
8
5% Mar
200
7%
12%
12
Common
,
42'A
...
..BOB'.*- .'
*,
45c
*
i—1—60
;
Baltimore Transit Co 4s
5s
31'4
26
High
90
14
-4'/a%
.
2
Gas
'
.10
Range
Copper
Apr
Apr
y
17,'A
—
Passumpsic River
&
Conn
LOW
60% -Jan
464
17%
b
Prop
Hecla—
&
Range Since January 1
Shares
82
13%
.100
1st
D
Personal
Service
Cities
Sep
8
1,030
class
Calumet
July
Feb
C
class
7%
1st
pfd._._
Trust—
Boston Ai Providence RR
Jun
Jan
13'A
7%
10%
'
High
12
.100
pfd stamped
1st pfd stamped... .100
class B
Boston
Sep
12%
35%
;Bank_—
Marine
160
—
Jun
79%
.100
stamped
1st pfd
class A
80%
.100
stamped.,
preferred
8%
Jun
Jan
17%
120
7
40
Apr
Feb
114
25
10%
*
Trans
Vernon-Woodbury
Mt
pfd vtc.
5
20
20
20%
10'A
Fidelity & Deposit Co
Finance
115
20%
1
2.75
1,437
1,073
Sep
.100
prior preferred
5%
24%
Low
RR—
Maine
&
6%
High
Jan
16
301
6
7%
Range Since January 1
Low
34
5
pfd B -100
4%%
Co
Sugars Assoc com v t
Shares
24%
32%
34
Boston
High
24
5
-100
t c
Gas E L &
Davison
24%
Co common
Bait Transit
Consol
Low
Range
of Prices
Sale Price
For
Friday
STOCKS
Last
STOCKS—
wO/, 4
Sales
for Week
Week's;
Friday
,
j
yctifSiTwi^WftiWrt
jIkufin.|«WIWm*r*im^ > rt4*10••*
THE COMMERCIAL & FINANCIAL CHRONICLE
1542
Monday, October 1,1945
OTHER STOCK EXCHANGES
RANGE
Vh*-'~
''
y
Folding
Stone
Co
Tor ring ton
40%
Univ
Co
Feb
17%
174
14%
Apr
17%
1,066
10%
Jan
17%
Jan
7 %
35% July
41%
41%
24%
24%
80
108% 110%
79%
365
134
49
69
70%
24%
Middle
Sep
50
Jan
69
North
Sep
American
Northern
90c
25
90c
Jun
1%
Jan
16%
16%
35%
12%
16%
107
35
Waldorf
13%
36
707
31% July
38
Feb
North
Omnibus
Parker
Corp
Pen
(The)
67c
preferred
Penn
Electric
Gas & Elec
Quaker
Chicago Stock Exchange
Friday
Week's
Last
Range
for Week
of Prices
Shares
Sale Price
STOCKS—
Low
Far
Co
Steel
Acme
Corp
common
IIZIIi
common
Bearing
Ball
32%
100
25%
Apr
32%
50
15%
Jan
18%
Jan
13%
2,750
10 %
Jan
15 % May
13
3,300
Co
&
12%
13
11%
Belden
Berghoff
21%
150
Sep
Jan
19%
Sep
44%
200
47%
100
38%
24
1, )D'»
13
13
200
•
29
28 %
29
250
100
147
147
10
20
6
class
common
South
Spiegel
St
Inc
Louis
A
100
12%
Jan
15%
50
33%
Jan
50
7%
2,250
4%
Jan
50
26
Jan
34
Jun
100
163/4
Jan
21 %
Jun
13%
10% Mar
300
13%
Sep
18%
1,300
28%
Sep
Feb
100
32%
Apr
43
550
6 %
Jan
8% July
22 % Sep
50%
5
43
5
common
43
8%
8%
22
20%
22%
34
—■»»10
Butler Brothers
42%
8%
1
Ring common
Serv
pfd
86
34T
34
•
106
1
*
common..
preferred
17
105
2%
50o
Central 8 W Util common
4%
133/4 Jan
3,200
Sep
'
'
22
450
2%
400
4%
%
650
5,400
152
14
Jan
34
-Sep
Jan
*
99%
90
17%
3%
148
4*
106
2%
17
150
Fur
pfd———•
Cherry Burrell Corp common
5
10
..1
United
Utah
Chicago Corp common
¥
■
North Western
110
200
37 %
26
Inc
Jan
Jan
tt Jan
2%
Unlisted
Sep
18
July
5
Jun
152
Sep
Apr
423/4
124% 124%
—
20%
20%
17
17
25
31%
1
12%
Decker (Alf) 6s Cohn Inc common—10
31%
73/8
Jan
Feb
16%
400
12%
Mar
40%
42
70
26
50
26 %
20%
Jan
62
Jan
44
Sep
Sep
25%
Jan
49%
93%
Jan
128%
Sep
9%
Mar
19
50
13
Jan
19
Sep
15%
350
14
Apr
16%
Feb
35%
1,400
31
Apr
35%
cap.
23%
24%
17
Jan
26
Sep
43%
70
36%
Jan
45
Jun
42%
44%
500
23%
Jan
44%
14% Mar
20%
Sep
12
15%
Sep
Sep
20%
19%
20%
1,200
15
15
15%
500
75%
73%
75%
1,000
10
10
2,700
;
9 %
48%
48%
35%
35%
35%
13%
13%
13%
18%
Corp
9,600
23%
12%
28%
Jan
31% July
7% Jan
110
36
100
500
17%
500
10
(The)
173/4
37
93%
87%
Brands
Oil
Feb
23%
Mar
12%
Sep
Sep
Btudebaker Corp
U S Rubber Co
6
270
3"%
Jan
8
16
300
12%
Apr
16
42%
42%
100
40% Mar
Safety
100
17
Jan
600
15
Jan
18%
27
27%
200
18%
Jan
27%
5
5%
1,950
4
Apr
87%
300
39
Mar
1,150
13% Mar
375
35%
Jan
40 %
30%
Sep
38%
Jun
of
Inc
Goodyear
Tire
& Rubber common
W) common
(H
Great Lakes Dr
Hall
Printing
Heileman
Hein
Dk
&
Co
common
com
G
:
17%
700
31
500
24% Aug
34%
200
16%
Feb
19
2,500
6%
Jan
11%
Sep
Jan
10
Aug
Jan
75
Sep
19
18%
19
10
11%
9%
14%
.*
13%
14%
250
9
Jan
100
51% July
300
16
24
24%
29%
30
17%
18
650
Jan
*
•
21
1,100
29
38%
Illinois
Brick Co capital
10
Independent Pneumatic Tool vtc com.*
Indianapolis Power & Light com
*
♦
-
Interstate
Prod
Power
common
$6
1
pfd
•
31
Ken-Rad
Tube
&
Kentucky Util jr
67c
Lamp
cum
Kimberly
Clark
..50
For footnotes
.100
common
see
page
Feb
C
18%
14%
60
21
July
_
Sep
Sep
JSep
Jun
O
N
28
Jan
38%
48%
Jan
17
Jan
—
153/4
2,800
26%
27%
1,300
400'
—
10%
59%
21
'
Jan
163/4
19%
Jan
27%
29%
—-
60%
400
29
30%
1,100
68
68
603/4
30%
—
Week's
Jan
37
Jun
Sep
Sep
Mar
Sep
Sep
Aug
56% #ug
183/4 Jan
65% May
30% Sep
57
100
68
Aug
Sep
10%
Jan
13%
48
Jan
57% Mar
141/4
Jan
20% July
24%
200
17
25 %
50
24
53/4
500
3%
Jan
24%
Sep
Jan
27%
28%
150
7% Jan
25% Aug
xl9% Jan
400
•
9%
'
50
6% >Jan
380
32
7
Union
12% -Jan
6% July
16% Aug
30
28%
9%
39
Sep
Sep
Sep
Jun
10
10%
10%
1,150
34%
250
55%
55%
10
52%
10
107%
Jan
100
38%
Jan
h
110% 110 %
531
53
N
600
6%
7%
Jan
Jan
28% Mar
Feb
10%
11%
35
56
110%
53
Sep
Jun
Sep
May
Low
32%
Jan
37%
Sep
50
7
45/s
Jan
7
Mar
10
28%
Jan
423/4
Sep
11
—
11%
65
10
Jan
123/4
Jun
3
3%
76
4
Jun
107
—Z5
107%
"3
20
...
50
23/4 Mar
106%
109
Kahn
1,206
8%
Jan
14
Feb
157
78%
Jan
86%
Sep
14
200
11
July
16
Jan
355
7
Apr
'
—
•
9%
Jan
,19
120
57
•-57
16
46
Mar
29
10
26%
Jun
33%
Jan
46
46
—
preferred
100
,
46
53
40
Jan
46
Apr
48
Apr
36%
Jan
50% Sep
44% May
•
—
50%
50%
10
42 %
—
43%
140
*
—
50
"Z
gtd
57
118
19
19
185
110
10
16
Sep
Jan
118
Sep
Jan
20
Aug
*
Pumps
*
i.
.
Printing
,
"
'
100
63%
435
239% 248
-f
26%
3
217
26%
27
^
—
"so
Mar
65%
Jun
Apr
248
Sep
Sep
23%
Jan
27
Mar
24
Sep
50%
Sep
23%
23%
20
14%
Jan
50
50
25
43
Jan
■
<
5%
55% Mar
234
10
125
*
:
Preferred
239%
*
-
5%
61%
61%
-
preferred ^,——
.
5%
*
Procter 6s Gamble
Rapid
118
*
Manischewitz
S
13%
93/4 May
19% Jun
29
—
*
Art
National
U
18%
9%
*
Miami
87a
-9%
.
*
Insulation
1st
Jun
12%
85
14
.
*
Yards—
1093/s
Sep
11%
84%
12.
50
Eagle-Picher
Early & Daniel
Gibson
High
155
37%
423/a
-*
_
1
Stock
Range SInee January 1
High
42.%
423/4
Drug
Formica
Jun
Jan.
650
r.
'
P
37
a
...
Telephone
Low
t
Dow
Little
53/4
16
T
Cincinnati
Sep
Sep
550
30
&
*'
Shares
*
pfd—.
Crank
Sales
for Week
of Prices
20
Kroger
24%
29%
Ball
Cincinnati
Sep
40
1548.
800
19%
Far
:
'
•
Cincinnati Street
18
230
28
Cincinnati
30%
34%
A
com
pfd
preferred
32%
15
Sale Price
Champion Paper & Fibre
Churngold .4.I——....
Jan
id
10%
225/8 May
Jan
19
60%
-.1
'
Unlisted—
"
American
Rolling Mill—
'
Cities
Service
Columbia
General
Pure
Gas
.......
•
—
'
—
in
Oil
Sep
Standard
Sep
United
9%
245
15%
Jan
26%
Sep
43
20%
Jan
24
Jun
21
139
18%
Aug
24
Jun
Brands
Products
•
4
Jan
8%
9%
458
71%
73%
310
62%
19%
33
18%
Jun
41%
40%
41%
222
28%
Jan
14%
14%
14%
30
9%
12% Aug
....
Sep
75%
Jan
19%
73
19%
Air
24 %
22%
20 Vs
—
-
Motors
23%
22%
24%
*
City Ice & Fuel
Drug Co common
Kellogg Switcboard
common
28% July
Jah
27 %
125
partic
Apr
18%
9%
-
Katz
Mar
'
•
.10
Products
22
13%
28
30
9
22% Aug/
22
15%
„
Machine
13%
54%
16
'»■
7%" Jun
49% Sep
11% Jun
15%
„
common
,
200
■
Steel
18% Mav
■
■
Jan
Jan
800
„
•
*
common
I
500
25%
—
Sep
5%
38
»
Laundry
Sep
18
5
.1
87%
67%
600
600
—
J
American
24%
13
..
*
Jan
100
7
48
36%
1
STOCKS—
18% Feb
54%
—
—
Indiana
15% July
"*
25
Hershey com (new)
Hubbell Harvey Inc common
Hupp Motors common (new).
1,000
60
17%
3
common
13% Mar
20
_
l
Houdaille
8%
62
60
'
—
10
Parts
600
18%
19%
«...
«...
200
73 %
17%
*
9%
72%
—
*
cap
Hibb Spencer Bartlett com
Inc
16%
29
11%
—*
common
Brew Co
Werner Motor
Horders
16%
72%
Sep
Sep
Jun
27%
—
common.
N
American
7% Aug
13% Jan
100
1
Bros
Co
8
5
Goldblatt
Gossard
8
•
37
100%
20%
Friday
44
—
10
Jan
Jan
Cincinnati Stock Exchange
Feb
100
common
173/4
29%
—
5% Mar
30%
common
Jan
Feb
76%
—
common—.—..
Sep
5
40%
Corp
Jan
100
*
Feb
27
30%
Razor
11%
700
63/4
21
—
46% May
26% May
24%
18%
39%
10
Motors
Gillette
Sep
9%
42
Sep
—
Preferred
General
21%
Jan
July
Jun
May
22% Sep
.
8% Mar
7%
1,100
47%
•
Republic Steel Corp common
Standard
Standard
213/4
A
Jan
35
*
-
Incorporated
Sep
41
class
50% May
1,350
Last
Candy
10% Mar
37% May
14% July
2,250
93%
63/4
—3
Paramount Pictures Inc—
46
21%
General Finance Corp common
Jan
31% July
8%
—1
Corp
12% May
41
10
7%
11%
38%
17%
„
Iron Corp common
(Glen L) Co common..
Martin
Jan
213/4
1%
75
400
21%
36 %
—
•
Pure Oil Co
41
Brewing common
Jan
600
8%
37
—1
Radio Corp of America common
4,150
Sep
44% Mar
38%
common—
Jun
(The)——
Drive Auto
May
59%
100
*
Jun
12%
May
43
1
common
18%
31%
Sep
55
43 %
.
.6
capital
49% Aug
24%
*
com
common
24%
July
24%
5
Sep
16
19
*
17
Utll Corp
Inc..
Jun
22
3%
23%
200
19
common
16% Jan
15%
—
39%
1,100
1,000
6
250
5%
.
Jan
5%
37 %
21%
New York Central RR capital
18%
—•
...——6
Elgin National Watch Co.
—15
Eversharp Inc common (near)—....1
Jan
26% Aug
5% Mar
21 Vss
10
900
12%
42%
17% May
June
42%
Apr
Jun
100
21%
17%
Jun
37%
Co
Nash-Kelvinator
,
Sep
17% Mar
21%
Interlake
Jan
23%
16
Steel
35
300
46
5%
•
Corp
.6
Domestic Industries Xno class A. ......I
General
18%
36%
37 %
com
Electric
300
•
11%
common—~2
Doehler-Jarvis
(Peter)
Apr
•
Machine
53 %
13,750
44
*
common.———
Dodge Mfg Corp common
Fox
14%
14% Aug
tl9% Aug
5
Curuss-Wright
41%
*
*
2%
Four-Wheel
Sep
16%
.
Apr
42%
partic shs vtc A—
partic shs vtc B
Lighting Inc .common
America
Sep
9%
Stocks—
20%
16
200
5
Common
Mills of
26%
Jan
26
•
American Radiator & St 8an com—
Anaconda Copper Mining
.50
Atch Top & Santa Fe Ry com—
ICO
20%
8%
;
/ Common
Flour
Jan
5%
42
8%
Jan
44
50
Housenold
18%
25
capital
common
Corp
25
60 %
partic pfd
Paper Corp
Sep
100
100
400
21 %
Radio
1,400
7%
—5
common
Commonwealth Edison common
Electric
37%
1,050
*
Indust
Zenith
20 %
43
Consolidated Biscuit common—
Eddy
Jan
1,700
5
Sep
Jan
23%
18%
5
Sep
46%
16%
5
Woodall
Bethlehem
59%
23%
100
Apr
July
21
*
Jan
43%
Jan
76%
30
50
9%
17%
•
common
Bankshares
Jan
'
16%
80
120
16%
Wisconsin
8%
59%
Service Co common...*..—..10
Co
23%
100
.
July
July
Ry—
for common_js.
&
87
20 %
Telegraph common. 100
Westinghouse El & Mfg com (new) 12%
Pullman
Deere
Jan
21
5
2
Products
82 3/4
*
——-—
Diamond- T Motor- Car
69%
9%
Union
1,350
—*
preferred
Chicago Flexible Shaft common..
Curtis
100
26
20
Line
Radio
Western
General
vtc
40 % May
1
La Salle Street
Air
16%
8
Co
Jan
37%
1
capital
(The) common
14%
16
Consumers
33%
23%
1
Corp
20%
States"pr&~£t
Co
700
32
capital
Sep
39%
94
common
Yates-American
10 4
common
Aug
4
87
*
Corp
Transportation
Light & Rys
Specialties common
United
United
28%
Jun
23
Mar
800
600
13
108
2
87
1
1
208 South
32%
20%
28%
Jan
18% Mar
39
100
common
98
59
100
Sep
(The)
39%
50
200
53
Aug
Sep
gColeman
4
53
Jun
8%
Cities
22
3
Feb
May
8% Mar
6% May
9%
50%
Corp
108
22
25
Jan
Jan
333/4
Chrysler
107
Co
3
5 3%
100
Jan
&
108
*
10
Indiana
Feb
May
14
capital
Corp
16
29% Sep
15i>
Jan
48%
Corp
8
2,300
136
7%
•
of
Feb
17'A Aug
11% May
23% Jan
14
10
Stockyards capital
Dredge preferred
Oil
Juiy
Sep
47% Sep
24
Sep
44%
48%
Nat
Standard
Sep
39
7%
com
Works
Sep
16
48%
•
Lathe
69 %
-
5
(new)
Bend
Feb
10
com
Texas
5%
Jan
tc
147
15%
Mar
V
22%
*
pfd
40
36% .Jan
47%
35
5%
Chicago
15% Mar
Jan
43%
15 %
10%
37
Convertible
13% Mar
400
35J/2
33/4
Jan
23%
Central
400
31
2%
II
Sinclair Oil Corp
32%
13
Secur Corp
Jan
16
30
5
Jan
7 a/4
150
111
48%
15%
31
25
1%
850
550
Convertible
Jan
Sundstrand Machine Tool common
Swift & Co capital
34,350
400
Central
33
500-
1,000
Sep
Sep
3%
10%
8
Pub
50
69%
Storkline
50%
Illinois
Feb
39%
68%
Jan
32
Central
Sep
4%
39 %
69%
4
Signode Steel Strap—
20%
—
common
M)
Sep
16%
3%
213/4
8
6s Co (A
Sep
16
Jan
Mar
17
48
Castle
30%
Apr
Standard
32
(E L)
Jan
8%
10%
Stewart-Warner
—....—-—1
Piston
18%
.600
Feb
Brown Fence 6s Wire class A pfd.—•
Burd
700
Feb
4,600
5
U S Steel common
Bruce Co
Mar
Sep
135
7%
32%
common...
Common
Jun
38
11%
Sep
5%
Corp
Borg-Warner Corp
18%
35%
Jan
6%
3%
8
common
Brewing
13
11%
10%
Laughlin Inc common...
&
Bliss
1,400
common
Co
Jan
Feb
115
10
11
3%
^Delaware)
Co
Mfg
16 3/4
13% Mar
100
16 %
10
common
Corp class B
150
30%
15%
common
Co
18%
38
Sep
Sep
Sep
15
common
Cummins
9%
Trane
115
21
21%
Athey Truss Wheel capital
Bastian-Blessing
Mfg
Jan
15
1
common
Common
Equipment Corp common—
Asbestos Mfg Co common
Washer
7%
7% Aug
100
450
10%
115
Aro
Automatic
9%
18%-
9%
18%
~
common
Aviation Corp
Serrick
Sep
16%
Public Service pfd
American
High
16%
common
Allied Laboratories common
Armour
Low
32%
13
.5
Advanced Alum Castings
Aetna
Range Since January 1
16%
•
Admiral
Reliance
High
Co
Packing
Schwitzer
32%
25
common
Mfg
D)
(J
Adams
Oats
Rath
Sales
5%
29%
2
RR capital
Peoples Gas Lt & Coke capital
Steel Car
100
16%
•
Pennsylvania
Pressed
9%
Apr
"
30%
common
lien
A
8%
38
100
cl
10
Jan
'
3%
common
Switch
45
Jan
6%
18%
vtc
_
Penn
Jan
7%
1,000
15%
common
Co
30
1,300
8%
•
common
Peabody Coal Co class B
37%
43%
11% Aug
Sep
9%
18%
Sep
May
14
79%
~9%
*
Co
prior
Jan
1
Corp common
Bancorp
common.
Util
7%
_J
Illinois
West
High
4% Mar
850
14
9%
'
•
com
common
Car
Low
900
7%
5
1
Noblltt-Sparks Ind Inc capital
Sep
70%
59% July
12%
"
7%
-,
43%
*
Mfg commpn
Northwest
90c
1
National Cylinder Gas common
National Pressure Cooker common
National Standard common
Apr
r
~9%
7
capital
Montgomery WarcL«5c
80% May
51%
76
14
Range Since January 1
High
6%.
1
.2
common
West Corp
6s Hart Inc
Miller
Sep
110%
45
260
68%
Jan
July
7
•
Mickelberry's Food Prod
Jun
73% July
20
67%
69
79%
49
1
System Inc
Westinghouse Electric Corp
Sep
Sep
May
Mar
15%
90
400
79
common-50
Corp
Holding
4%
8
5
Low
5
•
Mapes Consol Mfg capital
Marshall Field common—.—,.
Modine
10
Smelting Ref & Min
2% July
Feb
1%
17%
40%
25
Rubber
S
200
5
25
B
Shares
14% Mar
Jan
12%
30
2%
17
5
U
common
common....
Libby McNeil & Libby common—
Printing Co common
Lindsay Light & Chemical com
Jun
3%
1% Aug
16%
-
U
12%
2%
*
—
......——
preferred
Venezuela
33% Aug
420
2
12%
12 Vi
common—*
Securities
United Shoe Mach common
6%
1%
17%
Drug Inc
Fruit Co
United
United
1,438
Ext
&
Cumulative preferred
*
Elec
Suburban
39%
Salle
Lincoln
Inc
Webster
&
146
38%
39%
-*
10
Shawmut Assn
for Week
ef Prices
Par
La
Death
Line Material Co
Mach
Machine
Button
38% Mar
63%
2
Hole
Reece
High
5
May
63% Sep
Jan
30c
60%
Quincy Mining Co
Reece
Low
669
3%
2%
—-cm.—50
RR
Pennsylvania
Isles
Range
Sale Price
STOCKS—
Range Sine* January 1
Hioh
Low
*
Pacific Mills
Week's
Last
Shares
100
Old Colony RR
28 W
fer Week
•f Price*
Far
'■:
■
Range
Bala Frit*
.,-
SEPTEMBER
Friday
Lad
Z?"
ENDING
Sale*
Week'*
Friday
'§£r?$0tyyS 9TOCKB—
WEEK
FOR
Sep
20%
Jun
41%
►
v
Sep
14%
Sep
|1
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4425
Volume 162
OTHER STOCK EXCHANG
RANGE
WEEK
FOR
ENDING
SEPTEMBER
28
Range
dales
Range
Sale Price
STOCKS—
Week's
Last
of Prices
~
;•
for Week
Shares
Bang* Bine* January 1
Brass Mfg
Akron
Body
&
Coach
American
Refractories
Basic
preferred
Cleveland Cliffs Iron
Cliffs
Corp*
common
Bookbinding
Commercial
Manufacturing
Fostoria
Pressed
Steel
Eaton
Goodrich
(B F)
common
Greif
Bros
class
Cooperage
A_
'
S
Radiator
9
Universal Cooler
class
18
Wayne Screw Products—
.
.
Aug
9
49
Jan
65
1
Jan
18ya
1
100
57/a
Jan
7
Apr.
200
9%
Apr
15
Sep
4%
Jan
9%
20%
6%
1,750
350
46
4%
53
67%
July
6%
20%
48
July
60%
100
4% Mar
100
0
Mar
23
Feb
1,760
39%
23
37y2 Aug
56%
Direct Private Wire to Alien & Co., New
Jan
49
49
54
48
Jan
23
24
260
16%
Jan
24
53%
336
52
Jan
55
May
37%
33
Jan
39%
Apr
27 y8
Jan
39%
Sep
13 V* Mar
17 y2
Jun
37%
135
a38% a39%
30
16 Va
390
37 y4
•
16
Portland
National
Nestle
—
Hundred
Nineteen
Ohio
A
—
class
1Q
20 Vb
Jan
6%
67/a
582
8%
8%
115
30y4
30%
30
35%
—
A.
■
30
B
class
Brass
Jan
Jan
53
~6%
class
1,720
50
,
52
Bros
—
Oil
of
Ohio
'
29%
Jan
6%
10 »/4
30% July
30%
Thompson Products, Inc
Van Dorn Iron Works—
31
441
18 y4
31
Jan
16y2
14%
Sep
24
Jan
Jan
Sep
18 V8
50
23%
Apr
60
45
58%
Sep
26%
201
26 V4
20
July
18 y2
2%
250
STOCKS—
Jan
Feb
27
Sep
Bandini
Sep
Barnhart-Morrow
Sep
„
a34V8 a34%
60
26 3/4
Jan
a57% a58%
88
39 Va
Jan
58%
10
•
*
& Rubber
Tire
Glidden Co common—
Interlake
Iron
Oil
U
1
*
5%
30% May
22 Vb
53 y2 Mar
65 y2
37%
Jan
49%
Sep
California
26
25 V4
Jan
34%
Sep
Central
150
a27% a29 V4
21% Jan
16 Va Aug
95
18
17%
a26% a27%
341
19 y8
230
58%
Sep
32%
Feb
27%
Sep
75%
Jan
Jan
20 Va
Jan
a73%a75%
—
common
12
8% Mar
114
11%
11%
Jackson
Byron
Packing
Corp
Corp
Investment
Aircraft
Co
•
of
America,
& Co.
Industries
Natl
Corp
General
York Curb
Motors
Corp
Sale Price
STOCKS—
Exchange
Week'B
of Prices
Shares
Continental
12 %c
13%
1
Motors
.
Gray
Detroit
Steel
common
5
Iron
Goebel
1
Hoskins
10%
1
1%
10
Bearing-
&
Mfg
5
_—l
common-
Brewing
Ball
27
2%
„
*
24%
Houdaille-Hershey
common.
Hudson Motor Car
Lock
&
1
Mfg—
Kingston Products
La
Products.
Michigan
Mid-West
Packard
Park
50c
^—10.
Corp
Murray
Motor
Car
300
5% Aug
2%
1%
Jan
350
15 y2
Jan
4%
Parker
Invest
"
5
1,170
3%
.10%
5,549
5%
Jan
Vt> 1%
27. 727.,
157/a HO'
24 Vb
24%
500
1%
Jan
1
.—— ——
12 y2
350
16
Jan
1%
.
Jan
24% Sep
Jan
34 y4 May
May
7% Jun
6
1,010
1,400
®-2%
5%
Jan
29
Sep
7% Jan
2
Sep
76c July
Sep
Jan
Jan
iy8
3% Feb
3
Jun
Jan
300
2%
13 Vb
Jan
4
Feb
510
Sep
1% Feb
...
2% Jan
1,800
3%
'
«18
.?
32c
5,550
7 3%
3%
18
iy4
1,300,
70c
2%
3%
—
5%
100
5%
11%
3%
Sep
16%
15 y8
26 y4 Mar
5%'f
•
27% Aug
280
7 7%
65c
Sep
12% Aug
1% Feb
Jan
170
70c
Sep
740
30
33 Va
Co__
r—
7%3|7%
33%^%
X
-p.:,
305
26
'
Aug
19% Jun
T
,
B
common—
foetnetes see page 1548.
9%
4% ■:
——1
13
4%
34% Sep
26% Mar
22 y2 Sep
Jan
1,280
550
2%
Jan
3%:J;3%
824
2%
Jan
3%
250
3% May
w5»/a % 5%
13 Vb 13%
10
__
Feb
Feb
23% Mar
3%1
2
1
3%
1
369
722%
1,980
3% Jan
22
3%
7% Jun
3% Mar
Jan
29 y4
285
sm
■
—_
»
,r
5%
1,555
-J-
^—I
<
Manufacturing;
Simplicity Pattern
For
23%
352
5
Jan
1% May
*
Products
Sheller
Tube
Sep
10
'
Standard
11%
3%
1
Raisin Paper
firnttien-minn
Jan
7
Apr
800
*
Wolverine
Peninsular Metal
River
Feb
7% Mar
2,069
1,170
.11%
2% July
20
Sep
5%
11%
4
200
10%' 11
7% Jan
23% July
Jan
3,676
20
4%
21'/4
1,175
23%
2%
22%
600
2%
Rust-Proof
(H W)
825
5%
5%
7,%
common-
Chemical Co__
Parker
Rickel
10%
Sep
Sep
a
Parke, Davis & Co_
Prudential
Jun
11%
*
Sugar
common.—
Abrasives
13%
\
1
Die Casting-
21 V\
l'/8
1%
I
Michigan
124%
Jan
28%.,. 28%
1
Screw
Sep
Feb
Feb
Jan
8%
18
205
3,480
5%'
2
Wines
Salle
Sep
1%
...10
McClanahan Oil common
Masco
7
5%
.
Co
Jan
9
7'/a'
;—
•
1
common
Kinsel
Drug
Kresge (S S)
101%
28%
-
—
Hurd
216
21%
13%
12%
Jan
1% May
10%
4%'
.
1
Brewing
Grand
Hoover
4%
10%
1
Graham-Paige
Valley
3
19 Vz
--
3
—
Finance
General
2%
2
Corp
Industries
Wood
23%
20
—
Frankenmuth Brewing
Gar
300
5%
10
Navigation
Edison
Detroit
7
10%
150
2% Feb
13% Sep
2% Sep
July
ioy2- -io%
Milner
Detroit1 & Cleve
Detroit
2%
750
21 Vt
10
-
*
Crowley
100
124% 124%
5
—
2
7
1
—
Range Sine# lanaary 1
Low
High
2%
13%
2%
13%
—
29% July
1,030
17%
Sep
92
Jurt
33%
Sep
v.'.',
Oil
334
27%
Jun
329
12%Mar
510
115
13
8%
8%
a73
25% 25%
"• 39%' 39%
a59y2 a597/a
?
-
v9%
1,4 y4
4%
'Ioy2
y
4%
-f 43/4
.
.-
750
1,825
1,200
600
—.
12 Vb
7
4% Sep
3% Sep
Jun
5% Sep
14
Jun
4
Feb
10 y2
Jan
3
Jan
5Vb
Apr
2%
v'i
5
Sep
Jan
Sep
6%
Co
'
Gas
1st
$•
Elec
&
Pacific
Lighting Corp common
Republic Petroleum Co common
Ryan
Oil
Gas
&
Oil
A
Co
„
Corp.;
.—
Pacific
Oil
Oil
Corporation—*
Union
OH
Of
7
California
Universal Consol Oil Co
Weber
<fc Fix 1st pfd
Pipeline & Steel Co—
Showcase
Western
Mining Stecka—
Mammoth Cons Mng Co
Gold
Calumet
Cardinal
Unlisted
Co
Mines
Mng Co
Gold
12
77/8
1,305
1,130
695
227a 23 y8
50%
51
a26% a267/a
10
12
;
2
5
25
10
*
10
'
22%
—
5
;
554
220
475
1.126
6
100
31
37%
—
„
—
31
39%
41% Jun
41% May
Jan
48%
59% July
55
Jan
5%
'
Jan
Sep
8%
Jan
13% Mar
10% Jan
10
6% May
May
27%
42
13% 13%
a50% a53%
22% 22%
20%
21
—
34% Jan
38%
,51% Jan
Apr
9% Mar
75<^' July
Apr
51
51%
•'
23c
25% Aug
6
i',;.
>
Jan
6% Aug
290
41% Jan
1,796
*
8c
.
59
50
41%
6
..
3%; Aug
4% Sep
"4% Jun
101
21.000
.
34%
a43 *
31% ,
30% ;
30%
Jan
23% Apr
20
625
34%
a43
31%
1.45
Aug
20% Aug
680
a64% a64%
16% 16% |
Jun
:
17c
Jan
4c
Feb
July
17% Mar
14% Aug
if '
......
34%
26% Jan
•-43
45
Jan
Mar
30
Sep
Feb
32%
;
-
Jan
3iy4
30% Jan
Jan
39%
Jan
57%
Jun
39
Jan
45 V4
JUn
7% Jan
5% Sep
.,Wiivr
977
29
3,699
600
20
600
14%
10% Mar
28
Feb
20%
15%
Jan
:
50%
Jan
25
Jan
27%
Apr
Jun
Sep
25% Mar
28
.
.
Mar
31 Va
Jun
39%
Sep
4,000
19,500
5y2c
2c
12,000
Co
Corporation
Baldwin Locomotive
Oil
Works vtc
Co
Aviation
Corp
Bethlehem Steel Corp
Boeing Airplane Co
Berden Co
Borg-Warner
—
17%
—5
100
3
37
36 Vi
.
8'/a
M
^
Sep
Jan
12
42%
161
17%
Jan
Feb
50 y4
Jun
183 V-
Sep
29% Jan
37
Sep
11
6%
Jan
11%
Sep
92
92
77%
Jan
98
Apr
7%
8Ve
10%
10%
13
a29%
—5 *al9%
5
*
5
27
_——15 ',.
—*—5'
183
183
.
Corp
17%
a60% aeOVs
a60y8
100
Co————50
(111)
Co
A T & S F Ry
Bendix
822
7%
12 y«
517/8
Corp————•
*
Anaconda Copper Mining
Barnsdall
40%
9,400
7%
12
__
Smelting & Refining Co—
American Tel & Tel Co
Aviation
8.200
710
Aug
Stocks—
Amer Rad & Stan San
Amer
Armour &
\
7
10c
10c
1
Black
Feb
18,105
305
7y2
31%
85c
Sep
4
4
200
301
—
Jan
-
18% Sep
75c
59
55
34%
Jan
31
55
16%
Sep
6% July
45c
59
51
.
60c
55
a26%
,:V
a64% '
7
19% Jan ;
-
40%
__
20%
100
a38% a38%
*
30
15
25c
*
mt
Mar
32% May
241
101
11c
9
65c 67 %c
—
13%
95
.
a32*
60c ?
10c
...
■
450
8%
65c
1
•75
Apt
,..15% Jan
..
;
T
3"%
,
& Western Air Inc
Transcon
4
10c
87/8
1
;
A'
Transamerica
1
1
1
•
•
Company
of Calif
Co
Corporation
•'
.
60c
3%
3%
w
,
75c
75c
a3ly4
—
25
25
—25
preferred
6% preferred class B
5%%
preferred C
Sunray
18%
25
Orig
Standard
18%
18%
*
Southern Calif Edison Co Ltd
Southern
a6'/a
1
Stores, Inc
Security Company
Shell Union Oil Corp
Sierra Trading
Corp
Oil
3% Jan
a6
common
Safeway
Signal
75
71% July
15% Jan
Company
Corp
Aeronautical
Sinclair
100
25
10
♦
1
.
Pacific Indemnity Co
Richfield
25
Sep
Sep
40
57% Mar
53% Jan
594
200
25
common
preferred
26%
•
70
1
Ltd
9% July;
Sep r
747/8
'
'
80
1
1
Corp
Pacific
.16%
16 % Jan
' 112
"r200;,tm 39y» Sep'
50%. July
?
HO
:
20
July
Sep'
640
Jan
68-
1.
Manufacturing Co
45
Feb,
80•: •'
10c
Company
Oil
Jan
a29% a29%
20
Sep
11% Mar
.„62% Jane
396
a71%
•
1
Co
15%
■■
7% Aug
300;
Jan
'
Jan
*505
1
,
Pictures
Corporation,
V
•'
71
30
10
com
Co
Petroleum
Oceanic
2%
1
Baldwin Rubber
Paper
<*72%.
10
Northrop Aircraft Inc
High
-
■
Consolidated
25%
Jan
Jan
1
Nordon
for Week
Low
Par
„
16% Aug
*
Monogram
Sale*
Range
Last
—
a505
;
Aug
10%
al4% al6y4
__
Jun
123
26%
100
,11
':e
Hupp Motor Car Corp
Menasco
Biscuit
Chrysler Corp
Jan
5% Jan
10% Jan
a505
Co
Packing Co
Bros
Mascot
Burry
94
89
813
40
.1
Lockheed Aircrart Corp
McLaren
40
Bank—100
common
Aug
244
40
Car Co
Motor
Lincoln
Brown,
11
1
"A" common—
Development
Hudson
Lane-Wells
_
Apr
Mar
4
92
6,998
15 V*
11
•
Holly
Telephone: Randolph 5530
-
33%
Jan
77
1
32%
15Va
*
*
Hunt
—
28%
48
25
32%
,
Hancock Oil Co
,
Sep
Apr
'.
4
5
Goodyear Tire & Rubber Co com
Associate
DETROIT
Friday
Sep
26
Chicago Stock Exchange
Detroit Stock
Sep
5%
20
50c
(new)
Television & Radio—
Garrett
Members
Electric
1.75 Jan
24%, Feb
a90y8 a90Va
*
Merchants
&
29Va
McBean & Co
Golden State Company Ltd
Ford Building
Jun
5%
Jan
130
*
81
^4%
al23% al26y8
24V2 25 Vb
29 29%
17Va
17 V* ,-y
1
Inc
Gladding,
Detroit Stock Exchange
Jan
3%
3
" ' 8,415
*
45
Sep
Farmers
Allen
81
4J/8
•
Preferred
Creameries
Farnsworth
New
5%
75
Apr
1% Mar
2,843
a36
a36
4Va
5
Electrical Pf-oducts Corp
Emsco Derrick & Equip Co
Exeter Oil Co Ltd class A
York Stock Exchange
High
3% Aug
25
500
'
5Vb
a29% a297/8
a297/a
1
.
Chrysler Corporation
Consolidated Steel Corp
Dresser
New
3,700
5%
*
100
com
j
Douglas Aircraft Co
Watling, Lerchen
2,370
3%
5%
5%
7
Sep
Apr
Cessna
common-^.
Steel
Steel
S
Corp
Co
Oil
Chica
172
a33% a34y8
common
Republic
55/3
50
a47% a48
Y Central RR common..
Ohio
2
84
a28y8 a28 Vb
a63% a63 %
10
General Electric common
N
Corp
Bolsa
Addressograph-Multigraph
Firestone
1
Blue
Unlisted—
Low
5
72y2
3%
;
Berkey & Gay Furniture Co
Diamond
%.■
65
4%
4%
1
l»B|i 81am Jraairy 1
High
Low
1
Co
Consolidated
Sales
for Week
Range
of Fricea f Shares
Par
Petroleum
Week's p
Last
Rale Price
3% Mar
36 y4
i
Friday
•
3»/8
3
&
—
Angeles Stock Exchange
Sen
19% Aug
Los
Jun
39% Mar
166
*
:
Chemical—__—2
White Motor
1
Youngstown Sheet & Tube com
*
Refining
Spring Street—LOS ANGELES—TRinity 412!
Jun
615
•
Listed—Unlisted Issues
Jan
22% .Jan
650 So.
Feb
a57% a58%
__
Member Los Angeles Stock exchange
Sep
Feb
22%
227/e
FACILITIES
Sep
2
190
24
43% .49
49
York
Sep
60
al77/g al77/8
5
*
10
*
Electric
Standard
Warren
22%
24
Richman
Sep
BROKERAGE
AND
FAIRMAN & CO.
Sep
7%
—
Reliance
6% July
20%
COMPLETE INVESTMENT
May
35%
50
30
30
Packer
Corp
Patterson-Sargent
13%
Jan
23 y2
13%
35%
—
—
—
LeMur
7%
43%
115
13%
52
13%
Acme
National Tile
-
a28% a28%
class B
Cement
(AG)
Medusa
>7
Apr
Sep
52%
—
10
*
*
& Sessions
McKee
Feb
Jun
45
22%
4
Lamson
Sep
6%
2V4 Mar
Sep
14
24
16
46
4% Sep
1% Jan
300
,
Sep
9% May
:
Jan
13,500
2y»
,
'Feb
Sep
60
150
39%
*
v
5
7 10%
Sep
22
*
*
Steamship
Jones & Laughlin
Kelley Island L & T
Interlake
•;37-.
20%
4y*
2 M
6%
2y«
2
—
5% Mar
Sep
16
Industries
300
6%.
44
»
B_
common
Jan
10%
•
9
VB
3%
1,368
14
^-,...50
Jan
14% Mar
50
.
common.
Preferred
Warner Aircraft
Aug
a65V8 a65y8
—
5
U
Higli
Low
■
4%
4%
6%
1
—L
Range Since January 1
High
Low
'
*
i
24% Mar
a58% a60y8
'
r
50
——
18%
18%
Specialties
Woodall
a64%a64%
100
*
Bros .common
Preferred
40
Feb
7>/2
United
i
Distributors
94
18 y4
18
Sep
Shirt
Shares
lo
Jan
80 y4
905
23%
16
5% Jan
305
13
«
ll%^Apr
/ 40
■
United
7% Feb
6% Jan
50
93
23%
18
a—•
*
&. Rubber comGray Drug Stores
Great Lakes Towing common
91 >/4
23%
4
*
*
—
Goodyear Tire
Halle
a6%
15%
a6%
15%
92%
2,500
7%'
6%
7%
50c
:
5
1
*
5
:—r*
—
»' 1
'
4%
*
-r
-7.
Pdvllte Co
am
low
High
Low
-7-^7-7
Brewing
*
'
Par
.
Tivoli
-
Par
>
Sale Price
for Week
of Priees
Last
Friday
Sales
Week's
t; Friday
STOCKS—
-
*28% a29%
al9% al9%
a57
a57
87%
87%
27
5%
25
.
17 y2
Jun;
Jan
9%
Aug
30%
Jun
24 y»
Feb
Jan
48% July
49% Aug
68 y4
Jan
87 y4
Sep
27
17%
Jan
21 Va
Jun
a40% a40%
34%
Jan
38 y2
Jun
a48
39%
Apr
42%
Jun
a477/»
THE COMMERCIAL & FINANCIAL CHRONICLE
1544
Monday, October 1, 1945
OTHER STOCK EXCHANGES
RANGE FOR
.:::S
,
Friday
'
w
(J I)
Case
Co
Caterpillar Tractor CoCities Service Co—
Columbia Gas & Electric Corp
—,
a
10
1
Sales
Range
for Week
of Prices
Shares
Par
High
10% Jan
39% Jan
19%
30
42
45
48%
Jan
66
Jun
111
20%
Feb
4%
Jan
23%
9%
Jun
790
16%
Jan
19%
Phila Elec Power 8%
May
Sep
122
9/«
9
9%
*
Low
„/"af
2 ai
\7
STOCKS—
Range since January 1
High
al6% a 16%
a42% a42%
al6%
-
Shares
of Prices
Low
25
25
Pacific Railway Co
Canadian
Week's
Last
for Week
par
-
Friday
8»Ie Price
Sales
Range
Sale Price
STOCKS—
;/■
Week's
Last
...
SEPTEMBER 29
WEEK ENDING
Jun
Philco
25
3
50
—50
pfd
Corp
Reading Co common
2nd
preferred
Reo
Dome
24%
Range Since January 1
High
LOW
32%
: 32%
38%
24%
38%
369
High
■
27% May
38%
25%
300
32%
32% Mar
60
39% May
29% Mar
19%
Jan
Sep
__
42%
42%
45
36% Jan
45
—
1
Motors
Salt
Sep
Low
21%
21%
40
15%
6%
200
53%
84
6% Aug
42% Feb
65%
65%
44
57%
.,
27% May
6%
53%
Jan
May
y
-*
Corp
Commonwealth Edison Co
Commonwealth & Southern Corp
Cons Vultee Aircraft Corp
Continental Motors Corp
Solvents
Commercial
(Del)
Oil Co
Continental
25
•
1
1
5
5
Crown Zellerbach Corp
Curtiss-Wright Corp
Electric
Graham-Paige Motors Corp.
Great Northern Ry Co pfd
Interlake
*
•
Corp
Canada
Tel Corp
Iron
Tel
Int'l
&
59
13
25%
Jan
1.475
9
Jan
20
32
Sep
104
21
Mar
Sep
Paper
Tonopah
Mining
Corp
Invest
—
1
25
com
180
5%
Jan
7%
Jun
United
19%
Jan
22%
Sep
$3
16%
270
9%
Jan
16%
4%
Jan
13%
Corp
3
•
common
47
Jan
40% Mar
5%
Jan
150
50%
Jan
12% Aug
52% Apr
9%
Jan
11%
27%
Central
York
New
—13
& Robbins Inc.
McKesson
27 A
30
Jan
36%
337
18%
Jan
31
May
130
35% Mar
40
Sep
Co
3
4,114
1%
Jan
46
652
38%
Jan
47
19%
19%
1,143
13%
Jan
19% July
Week's
Packard
29
1,210
Jan
620
9%
Jan
14
269
19%
Jan
26%
50
25
Pennsylvania Railroad Co
Phelps Dodge Corp
Inc
Pullman
Oil
Pure
Range
20%
Jan
Shares
7% Aug
31%
26
108
48% Mar
Jan
Mar
72
17%
250
10%
59%
Jan
Fuel
9%
1,213
3%
200
23%
23%
6
13
Jan
4%
Jan
20%
467
13%
5%
Apr
•
15%
26%
__
•
*
a27%
Bears, Roebuck 6c Co—
Socoify-Vacuum Oil Co
Southern
Railway Co
•
al357/a
—15
0
a48%
27%
945
a27% a27%
Seaboard
Oil
Standard
Brands,
Standard
Oil
Standard
Oil Co
8c
Stone
8c
Co
(N J)—
Corp
Feb
110
18%
Jan
24%
Sep
13%
13%
795
10%
Jan
15
8%
11%
10
Corp
8%
10%
4
3
3%
*
62
25
148 %
8%
6
Feb
890
9%
1%
Jan
2%
Jan
295
62
75
146% 148%
58
tf-
*»-t
<
25
Union
Union
*
Inc
S
U
(Del.)
Corporation
Rubber
Steel
S
Company
Corp
Bros
Warner
Western
Inc^^S.
CO/AT:
Tel
a44%
__
2%
♦
..
—
5
Pictures
Union
__
5
•
10
Air Lines
Aircraft
U
18%
—
-.10
Corp
United
United
52%
77
29%
Jan
35%
148%
Sep
245
6%
Jan
9%
Feb
1
1%
1%
1
1
5c
6c
16%
16%
16%
65
34%
33%
33%
34%
450
27% Mar
33%
36
250
31% Aug
8%
,
Toy Mining
Steel
Springs
1%
720
Westinghouse Elec & Mfg Co
35%
Jan
39
57%
Jan
62
11%
Jan
16%
18%
Jan
30
34%
Jun
49%
Jan
55
45
465
17%
Jan
20
__
a35%
—
__
84%
Apr
58
117%
Jan
95%
Edward D. Jones
Sep
Established
129% July
42% Sep
50
33%
Feb
234
27%
Sep
32%
1%
Jan
3
300 North
Jun
175
58%
Jan
4th
&
59%
Jan
73%
New York
Stock
St., St. Louis 2,
Missouri
CEntral
St. Louis Stock Exchange
Sep
18
100
13%
Apr
18%
44%
Jan
49 %
New
Sep
25
York
a35%
21%
46%
125
41
265
25% July
Jan
47
Sep
St. Louis Stock
Exchange
Week's
Range
Shares
Low
22%
Budd IE Oi Mfg Co common—..*.
Budd Wheel Co—.—
Chrysler Corp:.-.*^.......
182%
13
•
Brown
Exchange
Week's
Sales
Range
for Week
Sale Price
of Prices
Shares
23%
325
17%
Jan
901
157%
Jan
17%
—•
17%
20 %
20 %
125
334
20%
60
125 %
124
226
20
-13%
17%
20
609
21
3,093
24% Aug
10% Jan
10%
25
11%
50
*
56
56
80
45
Jan
58
July
33
30
Mar
35
July
Mfg
9%
Huttig
S
Hyde
Hydraulic
Park
common—
common
Brick
18
Sep
Sep
International Shoe
Sep
com—
Key Co common—
Knapp Monarch common
128
20
Preferred
Sep
Jan
com
42
43
18%
18%
61
61
10
100
2%
48%
333
43% Aug
51
Feb
Laclede
Steel
73%
1,135
62
Jan
75%
Sep
Midwest
14%
13
Jan
16%
Jun
I„.so
1,123
12%
Piping & Supply com
14%
Missouri Portland Cement
12%.
12%
12%
13%
580
6%
Jan
17%
Jun
12%
884
7%
Jan
National' Candy
12%
-lit
7%
7%
6,951
5%
Jan
8%
Jun
8c Light
Pennroad Corp
Jan
22%
Jun
Laclede-Christy" Clay Prod
St
Louis
St Louis
Pennsylvania RR—
50
38%
Penna Salt Manufacturing
Philadelphia Electric Co common.
50
'38%
38%
39%
207
27%
26%
27%
5,499
28%
27 %
28 %
319
117% 118%
49
SI
preference common
4.4% preferred-
?100
118%
.38%
39%
2,266
32%
Jan
40% May
com
Car
common
common
5
97
17%
28% Apr
122
FOR
Canadian
ENDING
common
common
common
SEPTEMBER
Week's
Range
STOCKS—
Sale Price
,
of Prices
Shares
Par
-
6%
Power
&
Paper common
Sugar
Preferred
Gas
8c
Oil
Aidermac
8c
67%
67%
Range Since January 1
.•
19%
100
99%
3,105
100
s
17
Aug
120
99
Sep
High
Aluminum
Jun
Aquarius
69%
Sep
Area
19%
Sep
100% July
8c
Shoe
common...
5,930
—1
page 1548,
23
24
2.05
1.93
2.15
30.760
9%c
Gas
see
*
8c, 8%c
9c
10c
17,500
225
7%c
19%
125
-v
9c
Jan
14%c Apr
Feb
24
Jan
Mar
235
/ May
July
20c
Jan
11%
Jan
16 %
.Sep
18%
Feb
Jan
Jan
23
Sep
July
Jan
36
Jun
Sep
29
25
26
492
17%
Jan
26
27%
26%
27%
535
20
Aug
27%
Sep
22%
22%
22%
100
9
Jan
22%
Sep
15%
8.33
15%
Jan
15 %
Sep
.105% Mar
106%
Sep
1
106% 106 %
18
20
10
11%
4l%
.15
4dV2
18%
183
11%
Jan
18%
19
10
485
13
Jan
19
Sep
41%
575
35
Jan
41%
Sep
Week's
Sep
of
Arjon
for Week
of Prices
Shares
Low
pfd—J.
Low
100
•
17%
30
120
121
515
105%
121
106
75
95c
99c
11.850
9.40
9.80
2,629
64 %c
62c
70c
6,600
-_1
Mines
Mines
20c
20c
21c
6,600
.
■
High
14%
Feb
18%
Jan
95
Feb
129%
Jun
107
Aug
100%
Jan
73c
Jan
7.60
58c
16c
Jan
Sep
May
1.13 Mar
9.80
97c
27c
Sep
May
Jun
10c
Jan
31c
Aug
.1
82c
68c
87c
114,250
27c
Mar
87c
—1
43c
35 %c
46c
163,000
28c
Aug
50c
Sep
May
Mar
1
Armistice Gold
Mining
95c
9.75
1
*
Gold
Range since January 1
High
17%
Canada
Porcupine
Gold
Sales
Range
Sale Price
common
Anglo Canadian Oil
Anglo Huronian
5%
Arntfield
Copper
For footnotes
.
Mar
1,698
'
.
2% Mar
44
2,145
? 69
19%
18%
100
common
Low
4%
Jun
11
9%
Aluminium Ltd common.
fyigh
4
Oil
Agnew-Surpass
Ajax
4%
100
preferred
Acadia-Atlantic
Acme
Low
u*
Jun
42%
17%
Par
Algoma Steel
'
Abitibi
34
Feb
27%
STOCKS—
for Week
Jan
Feb
8
28
Funds
Last
•/
23
39%
90
Last
Exchango
Friday
.
July
2% July
LISTED MARKETS
WEEK
Sales
Feb
65
145
17%
Friday
Toronto Stock
300
20
Jan
350
Jun
CANADIAN
RANGE
Wagner Electric
10
Jan
Feb
21
Stix,
Jan
1%
381
Scruggs-V-B Inc -1st pfd~.—i—100
Sterling Alum common___^__—
1
Jan
47%
17%
Jan
24%
14%
20
31
Sep
117
25
20
20
27%
Fuller
Sep
31
41
8c
43%
21
37% Mar
Baer
Mar
31
21 /:
Jan
34
*
10
common
"A"
Sep
Sep
60
20
common.;
Pub Serv
28
17%
42
16%
Sep
Sep
Jan
38
16%
11%
Apr
40%
10
55
22%
34
10
7%
16
41%
Sep
~7%
•
16%
2%
Jan
Jan
50
35
38
•
71%
Coal 8c Navigation—
Power
*
*
20%
47%
10
Valley RR
150
28
•
common
21
Motors-
Lehigh
9
28
17%
1
100
—
72%
m
Storage Battery
Lehigh
33
28
17%
5
Brewing
Brewing
103
1
;
common
Pressed
56
1
common
D
8c
Sep
High
55
11%
common—
Shoe
Jun
Low
52%
l
21%
Jan
92%-Jan
Mar
186%
30%
Range Since January 1
High
20
Griesedieck-Western
High
Low
common
Inv
Burkhart
LOW
390
common
Coca-Cola Bottling common
High
22%
Co
Falstaff Brewing
Range Since January 1
181% 184%
28%
29%
17%
5
Curtis Pub Co common.—.
National
—
S Aloe
American
Sales
for Week
..100
Locomotive Works Ttc.
593
37% May
31% July
17% Jan
375
a36
21%
46%
of Prices
•
American Stores
7600
Bell Teletype SL
Chicago Board of Trade
Curb Exchange Associate
Jun
18
Par
.
\
Phone
Exchange
Chicago Stock Exch.
Last
'''
Co.
1871
Members
67% Sep
299
a48% a48%
Friday
General
Sep
34% Sep
37% May
Jan
910
Sale Price
STOCKS—
Electric
Sep
Mar
St. Louis Listed and Unlisted Securities
Mar
227
95% 95%
al33%. al35Va
a42% a44%
a26% a27%
2%
27/8
67% 67%
73'A 73%
ia Stock
Delaware Power & Light—.....
8c
1'Sep
15
Par
—
1%
17
Apr
39% Mar
140
A
& Tel
Jan
Sep
31% Mar
95
STOCKS—
Tel
Jan
Apr
Sep
491
Last
American
Jan
5c
9%
Jun
77
Friday
Baldwin
90c
2,000
Jun
50
__
•
12%
1
Willys-Overland Motors, Inc
Woolworth Company (F W)———10
•"
Jan
62% Mar
Jan
Jun
a45% a45%
18%, 18%
—
j
Carbide & Carbon Corp
*
Pacific Railroad Company—100
United
Jan
a52% a53%
a53
——10
Tide Water Assoc Oil
4
Jan
w
Gulf Sulphur Co
Texas
30
Sep
Jun
4% July
118%
Westinghouse Air Brake
—*
Westinghouse Electric Corp com—12%
108% May
17% Apr
Jan
34%
25
-
Co
Texas
Jan
13%
175
al7% a!7%
29%
30
a34% a35%
—
25
Co
101%
12 %
135
*
8%
July
8%
Feb
1,015
4
*
common
152
11%
•
Glass—
Plate
Co
Standard
a61 a61%
__
1
yy"-"cX-
Jan
920
.
.
*
—
206
15%
16
a47% a49%
a40%.
a41
a37% a37%
—
19%
Jun
6%
24%
Renner
Sep
27% Sep
San
al36%
a 134%
16
*
25
25
Inc——
(Ind)
Webster; Inc
Studebaker
Swift
of
Co
25
24%
16%
12
27%
Del
Steel Corp
Republic
15%
24 % May
Jan
Pittsburgh Screw & Bolt Corp
Corp of America
Radio
Sep
3% Aug
Jan
540
6%
Sep
9%
1 % Mar
100
25
24%
—1
Supply
Brewing
Pittsburgh
20
10
Preferred
Sep
20% Mar
Jan
5% July
17% Sep
*
Refrac
Fireproofing
Pittsburgh
Apr
17%
1
Mfg
McKinney
National
36%
3%
3%
5
Gas
Mountain
Jan
65
5
23%
8%
lu
High
282
17%
9%
com—1
Corp
Low
36%
5
*
Range Since January 1
High
34%
*
Electric common
Walker
Star
Low
36%
*
com
Brewing
Brewing
Pitt
Lone
34
Sep
40% May
31% Sep
470
31%
Fort
Feb
5%
a58% a58%
al9% a 19%
al9%
Duquesne
July
Sep
28% Mar
33%
Co
Commercial
Continental
Aug
229
202
Gas
Devonian Oil
.16%
al7%
Jun
Jun
for Week
of Prices
*
Co
Gas &
Harbison
1,500
—
a58'/4
i
————*
-
—
—
•
—-
-
Co
22
7%
7%
a36% a38%
a38% a39%
7%
a38%
1
Inc
Pictures,
a 17%
Natural
Arkansas
Jun
32'/a
12%
Steel
Ludlum
Sep
69%
Jan
26%
Car Co—
Motor
Paramount
48%
26%
—
Allegheny
25
330
3%
Sales
Last
Blaw-Knox
28%
11%
*
Jun
2%
Friday
Columbia
—
Company—
3%
Sale Price
STOCKS—
28% May
25% July
28%
12%
Aviation Inc
American
Oil
345
1
*
American
North
Ohio
9 /a
Jan
10
RR
.
North
1% July
Jan
45%
Sep
10
7%
365
»34% a34%
a08 /a a69 h
—
Apr
Pittsburgh Stock Exchange
Sep
50
27 U
—
Inc
Montgomery Ward 8c Co,
2% July
%
1%
19%
Jun
400
36 /a
27/a
9%
7
Jan
182
3.410
Sep
38%
178
a\lJ?
3
Par
Libby. McNeill 8c Llbby
Loew's, Inc
1
605
18
Aug
45%
245
6.265
36%
^~27
—
1%
3'%
2%
45%
•
13%
preferred
United Gas Improvement
a4J;J'8
•
Jan
56% Aug
65% Sep
Sep
13 /«
a44%
9%
Copper Corp
Kennecott
10%
Jan
Sep
250
1%
%
"u
25
Preferred
120
—
—
*
common
*
Transit
"Sep
10 10%
a54/4a56,a
—
__
Jun
14%
26
—1
Corp
Oil
Sun
34% Mar
a47% a48%
a46 /4 a47 /a
—
Int'l Nickel Co of
1% Jun
15
13
a48%
a47A
10%
•
*
1
H Feb
6%
—
Foods Corp
2.000
Oil
•
Scott
31% May
6%
16%
General Electric Co
29% Mar
a24% a25/*
~
—
Light Corp
&
Power
General
—
—
5
Bond & Share Co
Electric
--
14%
J
65
a31 /a a31 %
1%
1%
a24% a24 %
12% 14 /a
a32/e a.32/a
a25/» a27 /a
__
1%
1
Class A
45
ai?K8 ai?i^4
—
£
Ashley Gold
26c
21c
,28c
81,700
8c
9c
3,000
6%c Feb
21c
Astoria Quebec Mines
Atlas
Yellowknife
Mines
1
22c
20c
23c
199,675
15c
July
29c
—1
47c
45c
56c
7,000
410
Jun
Aubelle Mines Ltd
—1
72c
65c
79c
341,000
35c
—1
Mar
Apr
1.03 May
84c
Sep
P
CHRONICLE
COMMERCIAL & FINANCIAL
Number 4425
[Volume 162
LISTED MARKETS
CANADIAN
RANGE'FOR WEEK ENDING
SEPTEMBER 28
....
^
jfridsy
''<■*>
for Week
Shares
•
Class, B
i
Distillers
' 12%
DOHERTY ROADHOUSE & CO.
MEMBERS
Dominion
6c
STOCKS—
Range
of Prices
Sale Price
Par
Geld
Shares
Low
Feb
65
25% July
29
,..'...-»~10 ' ' 21%
—.——25
—-
21%
21%
225
18
1.34
1.23
1.50
3.70
3.85
74c
203,850
3.80
5,501
Jan
3.60 Jan
1.90
30
—*
*
1 8
7%
8
25
97/e
9%
Steel class B
Stores
29%
Apr
East
Amphi
4.25 Jan
East
Crest
1
of
Nova
Bank
of
Toronto.,—
Base Metals
Class
Bear
class
Power
Bathurst
29%
85
27% May
15c 15V4c
11,500
12 %c May
is y2
380
29%
18
4
4
100
1.41
1.54
60,500
1.48
1
36
"
•
B
Belleteire
Kirkland
Gold
Blue
Ribbon
Blue
Top
Sep
29 %
120
25
Feb
4%
1.90 May
40 %
Feb
Eldona
July
30
173
Sep
Sep
Grain
Federal
common
1.00
1.20
9,350
90c
Jan
1.30
Feb
Foundation
85c
95c
127,200
85c
July
1.46
Jun
37c
31,600
123/4
195
9»/4
9%
100
0
30
30
10
30
30c
Anr
12% July
55c
May
Mar
10
12%
Sep
Jan
9%
Aircraft
Fleet
Ford
1
17c
17c
19c
9,100
1
Bobjo Mines Ltd
Gold Mines
37c
35c
40c
53,836
Mines.
Brantford
American Oil-
British
British
27%
Class
B
British
50
28
5,915
10
24%
25
525
10 %
25
10 y2
•
Power
27 y2
27
1,380
•
class A
35
35
36
75
•
Packers
Columbia
Columbia
British
1,903
27%
5
Distillers—
&
140,100
173/a
35 c
25
preferred
Brazilian Traction Light dc Pwr com—*
Brewers
67c
16%
35c
'
•
Ltd-;
Cordage
3,200
49c
17
1
*
ttralorne
36c
53c
Gold Mines
Boycon Pershing Gold Mines
Bonville
22
20 y2
23 %
100
3%
3%
36C
40c
*
.
Dominion Oil-
36c
•
30
Sep
30
Sep
63c
100
Jan
32c
Mar
15 %c Jan
45c
Apr
67c
Jun
67c
Sep
12c
35c
Jun
45c
Sep
14%
Jan
Fraser
;
Co
Exploration
\Feb
Feb
Jun
25%
Jun
Golden
Arrow
Gate
23% Aug
Sep
37% Aug
Golden
Jun
Golden Manltou Mines
4%
Jun
Goodflsh
Sep
73 %c
Jan
Goodyear
Sep
78c
Feb
2.25
2.45
5.50
6.10
1,016
39c
52c
222,200
8%c Jan
65c
_*
22 %
23%
380
18% Jan
24
3%c Jan
10c
Bunker Hill
Burlington
Burns
&
Class
43/4C
43/4C
*
123/4
13 v4
*
19
21
4%c
•
—
Steel
class
Co
A-*.
B
5.00
Jan
Jun
335
*.
10%
125
1734 Jan
Jan
2.45
12
127/«
555
10
| July
10
275
8
Aug
1.75
1.72
1.80
7,343
23c
•
Calmont Oils
25c
2.050
2.20
5,900
1.70
Sep
101
30
101%
Sep
Sep
Tire
Lake
Bread
Canada
*
class
A
50
Cement common
Great
Aug
Vtc
Apr
Power
class
15%
Jan
10
Sep
Mortgage
Canada Steamship Lines common
Preferred
; •
f:
9%
Apr
Feb
Halliwell
Apr
Hallnor
2.40 Aug
15%
Feb
130
Sep
—
'
V
'
15
80
48 %
Apr
57
Sep
25
7%
Jan
11
July
35
565
3^%
Jun
35
July
18
575
12%
Apr
18
Sep
Heva
180
35
158%
Jan
180
Sep
Highwood
153/4
690
11%
Jan
17%
45
45
65
39%
Jan
47
Canadian
Bank
Canadian
Breweries
76
76
45
70
Apr
82
Aug
15
23
25
9%
.
Jun
1st
preferred
Conv
preferred
New
&
Car
Fdry
common
preferred
Celane.se
163/4
265
19
20 y4
15,060
Jun
July
Jan
17
Jun
Hosco Gold
20%
Sep
Howey
8
44
57
59 %
7,660
20%
203/4
305
15%
20
6
*
25
24 '/2
24%
24%
315
23 % Aug
17%
com
A
Canadian
Canadian
Alcohol
Industrial
com
10
Apr
14%
27%
Apr.
32%
Jun
45%
Jan
58
Jun
Sep
176
July
19% May
32
56
58
100
150
150
150
10
29%
29
30 y4
450
»
10V2
10
10%
5,109
10
18
17%
20
1,380
17% Sep
11
10
11
31%
31%
3,657
150
6%
16
*
31%
5
Malartic
•
1.10
1.10
1.16
3,800
Oils
*
12
11
12
240
11
100
101 y4
18%
101101 y4
140
101
18 V*
10,575
Pacific
Canadian
Canadian
25
Ry
Shipbuilding
Canadian
Tire
Canadian
class
Gai
Cochenour
Oil
Home
Coin
Conduits
Jan
101%
21
Aug
Jacknife
Jun
Jack
Aug
2.85
3.275
1.89 Jan
12 %c Jan
24C
27c
6,600
6%
6%
600
2.95 Aug
33 c
May
J
4
Mar
7
&
Con west Exploration
Imperial Mills
Cournor
Mining
;
cromor
Pershine
Min*s
:
Aircraft
For
footnotes see
-
25c
page
1548.
*
1
1
Mar
60c
May
f
..
1,025
5c
7b
8
36c
44c
:
52,700
1.55
1.70
26,055
70c
82c
25,900
45c
54c
236,900
8c
10c
19%
1,165
12
16,570
235
25c
2.94
Sep
Jan
12% May
43c
Jan
Apr
5.95
Sep
Kirkland
15
3.40
3.55
32c
83c
Aug
75c
20,711
2£c
27C
4,200
23c
Jan
27c
Sep
43c
500
35c
Jun
85c
May
63/4
100
69c
6% Mar
7%
Jun
2.00
1,400
1.33
Jan
2.25
Apr
1.60
1.70
4,000
1.45
Jan
2.09
Jun
Labatt (John)
Lake
14
May
16
Jan
Dufault Mines Ltd
Lake
Shore
Lake
of
Luz
Gold Mines
Mines. Ltd
Woods
Gold Mines
Lamaque
15
15
15%
430
693/4
713/4
2,057
49
Jan
71%
Sep
Lang
143
146
132
142
Aug
149%
Feb
Lapa Cadillac
1.15
1.15
1.40
6.500
27
27
27
195
67c
65c
,70c
24,000
1.60 Mar
23
Jan
27
55c
Sep
75c
1.43
Sep
Mar
Sep
1.92 Mar
&
common
Mines
71%
39C
urn
Lebel
Leitcb
f^ecoro
Oro
—
Candy....—
Mines
Gold
Mines.
Ltd
1.50
9,700
85C
90c
15,000
60c
Jun
1.12 July
Lexinden
1.60
1.70
400
60c
Apr
2.10
Lingman Lake Gold Mines
1.43
Jun
Jun
173/a
Apr
6'%
,8%
:
4.30 Mar
43c
41C
34c
Jan
49c
30
Jan
35%
Apr
177/aC May
1.09
Apr
Aug
Feb
32%
550
30c
75,300
25
25
10
20
May.
35
Jun
92
16
85
Mar
92
Sep
313A
26c
26c
30c
Sep
Sep
21
340
18%
Feb
22% Sep
14%
14%
2,740
133/e
Jan
16%
12
13%
13%
1,525
15%
15%
330
9
9%
1.05
8,400
35
35
28%
185
101
85
39
40
21
213/8
5,760
8,953
1.80
2.20
81,425
22c
47c
13 %c
14c
~
7c
6c
44c
50c
1,933
10,900
11c
7c
7c
1,533*,
Aug
71c
1.40
Aor
30
Jun
22%
Feb
100
31% Jan
24% Mar
21
3.55 Aug
90c
Sep
47c
Sep
10c
Jan
18c
Jan
3C
Jan
13c
Apr
28c
Jan
21c.
.
95c
225,780
125
152,600
22
4.85
114
1Rc
22%
4.35
4.95
1.10
1.20
56.501
14c
15c
15,100
j 896
2,325
*
.11,300
.
23
„
K.
.100
13
35c
11%
133/4
Aug
16%
Jan
1.57 Aug
14c
49c
Jan
2.35
5.15
Jan
Jun
Jun
Api
243/4 Mar
17%: Jan
24 y2
35
Jan
200
'6.00 Sep
7.25
7.50
512
6.15
153/4
Jan
25c
Jun
lo A
163/4
17
650
4%c
4%C
6c
4,200
5,700
1.40
24c
21c
1.50
27c
74c
83C
...
33,909
40,300
153/a July
3c
Jan
1.15 Jan
Apr
Jun
18% July
Jan
9c
* 51,150
380
:
7.25
9.15 May
Jan
18,800
18
40c
Jun
1.76
24'/2c
1.05 Mar
12c
Sep
233/4 July
21% Sep
6.50
12c 14 %c
Sep
2.25 Aug
1.00 Jan
27 %
30c
Jun
Mar
50c
6.00
:
Sep
59c
July
27%
145
Apr
1.35 May
13%
18
July
Jun
49c
77c
18c
55c
22%
13c
32c
60c
5%c Jan
12 %c May
22
«-25
18,
July
Jan
79c
--
May
30
3c
13%.
21%.
35
10,1% Aug
40
Sep
Sep
1,000
37c
,
10
8,500
6c
Sep
Jan
Jan
438,700
...
15 %
8
500
28
97c
Jun
137/e July
Aug
-.12% Apr
1,000
1.54
—
13% May
Jan
40C
1.45
Gold
Jan
3.05
Apr
5,530
8F.r
10%
Jan
4,200
35,731
1
1
■
Mar
.
Feb
Sep
20
Jan
3%c
.
Apr
May
65c VApr
I4%c
Sep
25c
6,836
3
Adi
8c
18
27'/a C
72,900
*
*
*
87c
4,000
50,200
47c
——J
20c
Jun
Apr
1.94 Aug
Jan
Jan
109,300
1.75
*
1
1
20c
54 %c
43 %c
Aug
1.07 Aug
Apr
75c
16%
.»■*
1
1
Sons
Lapaska Mines
Lit
Jun
9
Feb
6%
-
64c
41c
Lake Fortune
144%
1.00 Jun
& Exploration
Mining
Labrador
4,105
6,975
.
11c
38c
14c
6c
48c
.
Jun
75c
Aor
4.00 May
9%C 10 %c
--
39%
21%
1.88
1
58,900
T3
1.60
Townslte
37c
5.10
Apr
15c
Jan
■
101
'
14%
24c
Jan
16
4,300
20
15%
Lake
31c
Apr
3c
2,015
44c
Kirkland Hudson
4.70
Apr
July
3.10
910*
17
Jun
Jan
8% Jan
•
32,500
7%
Jan
Jun
Mar
Apr
22 'Ac
40,125 ?
.
15%
1-65
l-52
47c
Kayrand Mining
Kerr-Addison Gold Mines
Jun
•
8c
4.00
1
Feb
1.50
*
;..
15c
6c
6%
30%
263A May
25
-425
—1
1
2.42
Apr
85c
13c
104
35
84c
Jun
Kirkland
10
'
:
21
*
(Ottawa)
1.15
1.49
4%
18,630
...
v
A.
14%
13 %
15%
9%
1
1.50
1.90
.
.
■
Apr
Sep
91%
•
286
63/4
1
.
50
7
1
Mining
Mines
Publishing
5
*
12
'
-
..
.
46c
Sep
43c
1
Crowshore Patricia Gold
Cub
30'A
40c
11%
-
163/4
*
•
*
-
25
3.90
*
5,580
14j/4
•
Smelting
(Toronto)
V 5
14c
7%c
100
—
Mines
70G
Bakeries
Mining
Cosmos
Uranium
_1
Consolidated
Consolidated
5
12
Quebec
Joliet
I6V2C
Apr
30%
1
1
•
Consolidated
M
La
Consumers Gas
23
5
10
*
ordinary_5
*
6
14,950
1.68
Apr
..•;..200
44c
.
Mar
Jun
4
29 %
*
100
A—
1.25
•
8
10
29
32
34c
5
s'-
29
>
Sep
57
Jan
10
Jun
111
Apr
4%c
15^400
•
Jun
is
IOC
Jan
5%
30c
1.80
26c
12c
%o
1.36
53% Mar
10
•
1.35
30c
71%c
3c
90
95
24
.
40c
Mines
Jason
Jellicoe
"Jan
44c
1
—
1.65
1
„
.
Mines
Sep
9c
$3c-'Jan
.16,956
5%
'
1.25
_*
6c
11c
*
*
1.79
0
Ltd
1.60
Apr
July
k
131,700
■
Mar
26c
6,100
...
May
14c
-
3.45
37c
9%c
73c
Waite
Journal
1
Coniagas
21
1
35c
V
50c
87c
4c
*
Jacola Mines
2.70
4.90
i9y2c 2iV2e:
—
1
Gold
9
2.80
•
34c»
.
1
—1
Petroleum
Internation .1
22
1
1
31c
Sep
Jan *
Jun
26c
79,300
13
Huron & Erie common
Jan
21
Petroleum
32c
21c
1.10
Apr
65c
>
8,500 r
-
.
Mines—.5
Gas
&
class
Ltd
Jan
25% May
1
83c
19%
Mines
5%
Jan
Mines
May
*
Gold
15%
Jan
Gold
35c
8c
—
Oil
180
1.00. Jan
Co
9c
80c
Jun
16
Ltd
Comaurum
Sep
20%
Lake
Commoil
Commonwealth
12
20
*
Mar
Jan
175,000
43c
80c
Yellowknife
Homestead
300
*
Willans
Plow
Cocksnutt
1.35
Sep
25
Malartic Mines
Citralam
35
Jan
15.188
Mines
85c
21 %c
24,150
.
78c
48c
International
Mar
24
30c
24c
27c
Apr
Jan
*
International Nickel Co common
Sep
1.60
21
1
3%c
1
1
Sep
Sep
Sep
11
24
•
28c
.18,500
7%c
i
Jan
Jan
65c
Jan
20
Feb
1.45
Wines
»
27c
-1.10
Sep
Mar
9c
28.800
8%c
1.05
11%
Mar
Jun
Sep
Sep
1.50
*
•
Chesterville Larder Lake Gold Mines—1
Chromium
8%'
2iy2
11%
10%
Mines.
Gold
Research
Chemical
21
70c
Sep
1
Boxes
Central Porcupine Mines
Chateau
8%
21
30c I
193/4
41,200
-
46c 49 %c
21% C'
Aug
103
May
Mar
6.50 Mar
15
265
6,890
10c
39c
Imperial Bank
Imperial Oil
Imperial Tobacco of Canada
Imperial Varnish common
Inglis (John)
Inspiration Min & Devel
International Coal & Coke
International Metals class' A
4%% preferred
*
Wirebound
Trethewey
Patricia
17%
*
*
Wallpaper class B
Canadian
Central
B
Rubber
&
*
16c
Jun
190
Locomotive
preferred
Sep
720
Canadian
Castle
Feb
475
Canadian
common
14 %C
/'
...
1-55
Hunts
13%
56
A„•
20c
;
15c
Feb
31 %
*
new
7.10
18c
97
10
i
19%
6.70
68c
Hugh Malartic
20%
9.25 Feb
5'/2C Jan
Sep
31
Sep
Sep
4.40
10,500
Sep
21
51
27.500
21
25%
Feb
Sep
11c
Mines
Hudson Bay Mining & Smelting
13%
20%
20%
13%
100
Canadian Dredge
Canadian Food Products
57c
Apr
Sep
77c
83c
59%
57 V2
20%
29
8c
...
Hollinger Consolidated Gold
10
•
common
preferred
new
Class
16 y4
19%
Jun
Feb
81c
Dauch
&
Hinde
28
*
Canadian
$1.75
I6V2
14
67/a July
July
51
6,350
4.85
4.50
Apr
15c
30
21
1,230
Jun
Jan
62c
8.300
51
Jun
♦
1
Scarcee
Feb
*
common
:
Sep
5y4
78
3'A May
24 3A
730
105
29
580
44%
8
82c
Cadillac
Jan
•
Canners
Canadian
5%
•
common
Preferred
Canadian
208
10
Commerce
28
.
6.25 Ma?
.
Jan
8,500
2,565
53c
:
4.30 Jan
v
5j/4C
10c
29%
51
;
July
93/4
Sep
1
1
1
Hasaga Mines
Heath Gold Mines
18
6.85
18 %c
15c
46c
26 %c
38c
*
Gold Mines
Harricana
173
24%
Sep
Jan
11
7%
Carpet
Gd'd Mines
Harker Gold Mines
Homer
common
—.
Rock
18
*>
Bakeries
Jan
Apr
5%.
5
28%
19%
1
1
1
—*
*
*
Bridge
180
15%
*
B
Canadian
3.10
28
July
a
65
102% 102%
:
Ltd
Cotton
100
15%
4.50
—*
-
'
Mines—
Gold
Hamilton
Hard
10
76
28 >
53c
51
*
1
Harding
125
*
1.25 Sep
Jan
16c
Sep
Jun
14%
Apr
10
70
9c
'
1
—10
:*
com
Mines Ltd
Hamilton
Sep
56 %
•
,i
-205
—•
Mines
Sep
Julv
10
35
53c
6,500
—:
••
2.15
56
50
;
class A
Wire
Class
101
118
30
Apr
11% Apr
14
Jun
H 7c
111
Gypsum Lime & Alabastine.
30c
125
*
A
3'
Permanent
Canada
165
680
6.75 May
July
553/4
—
Common
Preferred
*
Packers
;
101
14%
Apr
Mar
38c
3
110
preferred '
Gunnar Gold
•
Northern
Class,
14
Aug
3.05 May
35
55%
—
Paper vtc
Sep
0
Malting
Canada
Canada
101
14
*
Jan
47c
21c
Jan
200
...
.110
—
Toy
&
Lakes
Feb
100
Preferred
Canada
Canada
101
*
Preferred
Canada
101
1.70
20 %c Aug
Sep
550
.
55%
—
Rubber
Grand
101
1.95
2.07
100
—
1,615
v,
common—3
Co
&
Graham Bousquet
101 %
1
Red
Campbell
_
4%
2.50 Mar
2.40 Apr
.
Sep
35
5t>
Mining
Sep
13%
».
Preferred
Jan
24
i
Halcrow Swayze Mines.
Calgary & Edmonton
4%
5%
29
1
1
1
Mining
May
6.50
10
.
*
common
95c
10
*
^
Caldwell Linen
2,000
•
43%
70
:
—
27
50c
22%
—
Apr
5.90
Products—.
5.35
42%
?
Jun
8c
2.26
23
11
5.05
1
1
1
.1
Mines.—...—±
Eagle
Apr
2.35
Building
Gold
25
2% May
Jaa
25
11
43
4%
•
.
Goldcrest
20%
59c
1,200
1
Goldhawk
8%
•
•
Mines Ltd
Lake
God's
Goldale Mine
11
1
Mines
25
11
37c
2,864,770
3.10
1.45
11
Jan
Jaa
380,450
Wares common
27%
•
Gold
1.25
5 7c
Power
28% Aug
Buffalo
Canadian
83c
Jun
38y2 July
98c
205
1.24
2.35
Jun
19%
Jan
22c
•
73,700
275
•
'-•14
preferred..—100
*
Giant Yellowknlfe Gold Mines
1
Gillies Lake-Porcupine Gold
.—1
Glenora Gold
1
Gatine'au
Feb
35,050
29
13
Jun
12
,,',
26% Aug
33c
70c
*18
Buffalo Ankerite Gold Mines
69c
—:
_!
Cos
Frobisher
22%
33,100
.
5.00
13
18
7%
Sep
7%
Broulan Porcupine Mines, Ltd
Buffadison Gold Mines
1
—
Canada class A
of
Co
General Steel
Bonetal
28
4.10
Feb
14# Jan
13
727,530
26,750
-
1
*
100
1
*
"
•
•
*
•
Francoeur'Gold
35c
29
37c
*
Mining...
Kirkland
Federal
89c
12%
17,150
*
25
class A
Preferred
276
35c
48,400
2.95
1.25
1
1
Falconbridge Nickel
Fanny Farmer Candy Snops
500
12 Vi
10c
2.75
1.90
1.15
*
Mines
Gold
English Electric
Equitable Life
173
9.50 Mar
19,000
8c
2.75
4.60
1.37
July
Sep
Feb
2.35
Jan
22%
161
Sep
iiy4
*
common
Brewing class B
Apr
Jun
Jan
19
400
9%c
1
.
Gold
1.20
i
*
Hats
3
1.22
30%
24 %c Mar
1.22
—.*
;
11
1
„
Gold
Jan
1.34
42,201
30
30
171
1
Berens River Mines
1.45
38%
14
920
38c
Machine
Washing
Elder
11
1
-
Mines..
Sullivan
171
TOO
1
Mines
Quebec
1.34
1.37
*
class A
Bell Telephone of Canada
Bidgood
15c
1
& Radium
Beattie Gold Mines Ltd
Eeatty Bros
Biltmore
29 V2
Jan
0
*
Exploration
Bevcourt
29 V4
*
A
B
Class
Easy
East
10%
•
Eastern Steel
0% Aug
10
Scotia
2%cApr
19
*
Bank
May
14c
10
Montreal
41c
1
Consolidated Mines
of
-400
Gold Mines
Oil
10
Mines
Bagamac
Bankfield
18%
1
Co
East Malartic Mines
Bank
18%
11
1.59
18
7
v
Sep
8 '/a
Mar
143/4
175
920
Sep
14
30
'/■■Apr":/
7% July
2^600
19
1
Donalda Mines
Mining
18
10'A
18
18
common—•
*
Chemical
&
Tar
v;
695
Jun
16ya
Apr
25
1,525'
19
*
———
II
25
14
29%
Jun
v
23% July
Feb
11% May
10
13
13
12%
-*
-
Duquesne
High
Low
1
Mines
Range Since January 1
63
——
common
Dominion Woollens common
High
1
Aumaque Gold Mines
Aunor
Sales
for Week
Mar
'Jun
42%
650
Magnesium
Malting common—.—
Dominion
Week's
13
200
Dominion
Last
Feb
63
Dominion
■"ridajr
Jan
3%
27%
Dominion
Branches:—KIRKLAND LAKE—TIMMINS
1.15
£3
com
Dominion
2.00 May
3,800
14,000
;
26%
Dominion Foundries « Steel
Cable Address:—"Dohroadco" Toronto
Telephone:—Waveriey 7411
July
13
6C
1.60
1.45
■
Fabrics
31% July
Sep
113/4 Aug
26%.
*
•.Dominion Coal preferred
EXCHANGE
TORONTO STOCK
THE
-'651 :v:-
12%
12%
5%c
'
.—1
common——.—*
Ltd
Dominion Bank
293 BAY STREET. TORONTO 1, CANADA
-
1.55
8eagrams
Mines
Dome
28%
645
•
Delnite Mines
Denison Mines
High
C'-; Low
30
29 y8
29%
Range Since January 1
JHigh
low
—I.———*
*
Leather A
Sales
- •;:
Range
Of Price* :
par
Davis
Week's
'
Jbast«
Sale Fries
STOCKS—
22c
v
Apr
40c
Sep
17
<
s
10c
1.52
Apr
Apr
Aug
16c V Sep
48c
Jun
Sep
94c
Sep
43c
THE COMMERCIAL &
?546
LISTED MARKETS
CANADIAN
RANGE
for Week
of Prices
Shares
Low
Goldfields
Red
Madsen
Preferred
1.62
10,400
89c
Jan
2.09 Mar
Steep jrtock Iron
51c
32,100
40o
Sep
80c
Sturgeon River GoldSudbury Contact —•
4.15
2.86
3.65
3.75
4c
4c
1.20
1.14
1.30
39c
33c
40c
12%
28
13
28
18
10
16
22%
63
Sep
40c
13%
Jun
1.62
.
Yellowknife
Jan
12
109
'
1.85
1.35 Mar
10c
4%c Jan
2,000
44c
178,520
28c
10,200
2.25
100
60c
Jan
15%
16
125
123/4
Jan
16
14c
Aug
33c
Jan
44c
39c
20
22%
23%
27
Mar
530
12%
120
103%
1.10
Oil
Gold
Orange Crush
Preferred
Gold
oils
1
Pandora Cadillac
Pan tepee
:
Mines
Paramaque
Parbee
Pftrtanen
com
Jan
30c
Mar
12
Feb
15
Aug
Westeel
Steel
29%
130
28
July
30
Jan
Westons
lea
20%
21%
1,255
22
Jun
5
17% Mar
185
225%
Jan
Perron
Gold
Plcadilly
1.26
1.85
Jan
Feo
Sep
75c
30c
Sep
35c
Apr
Aug
Wood
29c
Jun
64c
May
48c
97,150
2.75
1,000
53%
54%
1,485
93c
1.07
33,500
80c
July
9c
9c
6,500
7c
Jan
20c
11c
6%c Jan
.
73c
Feb
89c
26c
Powell
River
Powell
Rouyn
12%c Jan
18c
39,000
3,200
6
100
5
Jan
7%
Pressed
980
5%
Jan
6%
2.26 Mar
3.90
Preston
Purdy
East
Mica
40.000
22c
Jan
39c
38c
39c
13,500
34c
Jan
68c
8%
8%
205
6
Sep
12
12
5
9
Jan
60c
74c
60c
74,600
July
44c
50c
Mar
1.70"
38 %c
1.20
24c
16c
53,300
Corp
Sllknit
14,250
70c
Jun
49c
70c
206,021
25c
Mar
22%
23
1,495
18% Mar
1.52
9,465
98c
Jan
2.00
9,365
81c
Jan
1.65
Sep
5,700
•
14 %c
12c
15c
13,500
14%
14 J/2
480
Knitting common
*
,
Apr
12%
Jan
1.98
145
10%
65
1.62
8,200
15%
16
625
2.50
2.57
Simpsons Ltd .-A
b
18,110
—
Siscoe
Gold
End
new
com
44C
„
14C
,
Mines
70c
16
1.05
6,000
45c
Jan
18%
8%
Springer
Western
46
'
see
2
_
■
page 1548.
63
;
Oil
Temiskaming
Mining
—
90c
4,750
80c
July
1.39
18c
Jan
11%
40c
45c
17,500
8%c
9c
3,000
32
33%
170
14c
14c
4,000
45c
57c
50c
19 %
Apr
22% Mar
Jan
15 % July
2
Jan
215
235
15,200
1.65
Aug
2.35
10%
11%
8,262
3
Jan
11%
11
20
__
45
35 %
36
15%
1.40
1.40
36%
19%
Aug
70c
10c
35
4c
4%c
69,700
1.90
1.90
1.98
1,920
13c
12t
13c
42c
4,300
Last
Sale Price
Par
28c
Sep
57c
65c
Shoe
Asbestos-
Associated
—
_i
Jan
Bathurst
Range
Tel
&
560
18 %
Sep
22% Mar
Bell
90
28%
Feb
39
Bralorne
—
Sep
Brazilian
Trac
27%
27
27%
125
Sep
41c Aug
17%
17%
27%
—
55
*
18%
172
17%
27%
18% May
293/s
Columbia
Pr
Note
—
8,731
5%c Jan
18c
Mar
Bruck Silk Mills—
105
12% May
14
July
•
1.22
1.00
1.29
Building Products class a
Bulolo Gold Dredging
31c
19
180
1.48
70c
77c
2,700
16,121
30%
345
15%
12%
11
11
1.06
29
19%
19%
19%
14
14%
99%
100
160
70c
72c
13%
7,010
11,300
47c
60
9
78
*
9
565
.
50c
24
,
Jan
July
Sep
1.45
20
Class b
Sep
Apr
8c
16%
8%c
.
30%
Canada
May
Feb
Jan
Apr
58c
Jan
46c
23
16%
July
Canada
5%
>Sep
19% Aug
15% Aug
Cement
1.35
1.40
7,800
11
775
5%
43/4
11%
5%
preferred
Preferred
——
16
7%
64c
Feb
25
Sep
1,420
3%
Apr
Feb
400
14
May
,100
1(%
120
20
180
880
120%
94 j/2
23
17%
14%
140
1,178
10
,
28
55
13
20
7
May
1.84
12
5%
Bronze
New preferred
>
—
Canadian Celanese common-.
7%
9%
15%
50
High
Jan
102
Sep
Jan
23%
Sep
Jan
19
Jan
Jan
Apr
Mar
127%
Jur.
20
July
28
Sep
53%
Apr
55
Feb
14%
2,760
23%
21
880
5,000
14
14%
127
127
12
12
9%. 10
15% 16
2,560
154
22%
20%
45
19%
58%
•
Feb
Canadian
Foreign Investment—
Aug
Canadian
Ind
Canadian
Jun
Class
'«
Cottons
preferred-—
Alcohol
common
Locomotive
Canadian Pacific
•
—
13%
31
•
25 ,
.*"!
—
150%
:
Railway
53
25
*
*
*
b
Canadian
*
100
Canadian
Sep
—
100
i
Converters
Aug
Sep
16% July
8%
18% 19
172
172%
17% 17'a
27
28
18
18 "a
22 % 23
3
3%
16% 16%
200
Jan
19%
Sep
172%
Sep
161
Feb
153a
Apr
17% Mar
22%
50
8,702
Feb
28
Sep
15%
Jan
18% July
21
Jan
2
150
470
405
1,200
May
26% July
4% July
11
Jan
16%
Sep
18%
Jan
24
Aug
17
Jan
24
May
57
40
10
7%
—
*
'11%
9%
56%
13%
31%
18%
4,706
295
138
57
150% 150%
53
5
57
53
Apr
Jan
Jun
Feb
Jan
20%
44%
Jan
Mar
14%
Jun
10
28
46
139%
46
Apr
Jan
Juil
Julv
May
53
Sep
26%
Jun
28%
33
Jan
47
Apr
11%
6%
225
15%
Mai
3,640
11%
Feb
18%
6%
at
9%
.
"r*V:
'X'X.
Sep
Mar
Sep
Sep
35
Jun
20%
Jun
X
V
Jun
59
172
%l,210
17%
32
Sep
9%
32
Sep
Jun
3,575
5
Sep
41%
11%
25
58%
38% May
42%
^
10% July
17%
46%
9%
9
28%
Sep
Sep
12
28%
42%
31%
*
25
13%
-31
127
8%
16,285
291
175
15%
Feb
Jan
40
50
40
Jan
Jan
Jan
11%
1,025
45
20%
58%
19
9%
119%
200
560
'
Jan
Jan
14
127
100
—
common—i—:
Sep
16%
7
-
Canadian Car & Foundry common
Jun
1.25
_i
,
Breweries common
Canadian
May
10c
-
*
Steamship common.
90c
15 h
\
-
Foundries
Canadian
Jan
22%
21
*
common
-
Iron
July
101
3c
265
1.35
.:
preferred—*
Canada Northern Power Corp
*
Canada
Sep
16
11
*
5
—:
<
Preferred
Mar
13% Aug
10%
6,500
Apr
Jun
1.50 Aug
82c
Jun
99
5
5.50
Apr
15%
1,479
.
Jan
16% Feb
63c
12
12%
11
Jan
22 %
2
16%
*
*'
Corp a
11,500
4.05
*
Power—
&
Bank
American
British
Jun
100
-
Light
5.50
1.44
19c
Jun
Range Since January 1
90
25
23%
17%
23 vz
17
17%
27%
Telephone
13%
18%
2.40
Low
102
class a
10 c 11 %c
19
Feb
1.20 May
Jan
7,%c Jan
High
102
pfd
Teleg
13%
74c
14% July
9%c
Feb
1.30
Shares
120%
Mines
24c
1.45
24c
for Week
*
*
*
,—
Power & Paper
1,500
i
Jan
Jan
Sales
Week's
of Prices
*
Electric Corp—
Corp
102
—5
*
common
common.
Ltd
Amalgamated
39
lioc
1
Funds
Low
pfd—100
Steel
Aluminium
Jun
15
854,840
3,485
Apr
18%
Algoma
6%%
Works Ltd
Agnew-Surpass
Sep
36%c Jan
Glove
25c
5.20
Feb
11% July
3%c Feb
3,500
85c
STOCKS—
May
July
Apr
11%c Jan
26
75c
Friday
Jun
Jan
22
10
75c
Jan
15%
35
45
14%
Apr
1.28
165
14 %
Sep,
se
Feb
10
975
36%
45
29
350
18'/a
18
4% May
2% Mar
400
•14%
Canadian
Jun
30
315
18%
60c
4%c Jan
48,000
18%
Feb
35c
278,350
42c
20c
»
Sep
11
Sep
1,000
Sep
17
Montreal Stock Exchange
Feb
26,505
50c
Sep
Jun
85
220
-1
Oreille
Pend
18 %
*
Selections
Osisko Lake
9% Mar
75
825
1
Paper
Jan
15
21
1
Ontario
45%
Sep
4%
4%
14%
36
1.40
•
15
100
5
Paper common
&
May
2.25 July
11%
4 Ve
11
*
preferred
Minnesota
11
*
*
—
Paper—
International
220
•
*
Lumber
1.15 Mar
11%
16
common
34
Apr
15
4'/a
Jun
85c
11
_i
Preferred
Standard Radio
Bridge
38
_
Chemical
100
20%
5
1
Marconi
Langley's
17
*
Vinegars
Preferred
Sturgeon
Aug
285
24c
8c
61
11%
50% July
8% Jan
17
*
Jun
9%
24
:
170
16%
38
lie
60 %
70
25C
5.45
Sep
59 %
74
Sep
95c
28
74
100
Jan
430
Jan
3.45 May
15
40c
46
22%
345
Hayes Steel
Jun
Apr
Mar
24%
225
Apr
Feb
41
59%
Jan
28
3,850
Gold
High
18
Mar
11%
6% May
Low
280
62
Dominion
Sep
Range Since January 1
20
.
4%
1
Sep
High
18
4
Donnacona
Sep
23
Shares
60
Mills
Feb
14%
Feb
for Week
4
Silk
25c
9%
Sales
Range
60
Foothills Oil & Gas
Apr
3%c Jan
11%
■*
common
May
27%
19
*
-1
49c
Petroleum
For footnotes
Jan
1.01
15c
45%
71c
new
Paving
2.45
150
100
new--——Jri1l
Co
Standard
7
13% Aug
400
7
1.15
1,000
17%
j...
————
Southam
Standard
15
21c
29%
15 %
8laden Malartic Mines
Slater (n)———
South
15
21c
40c
vtc
new
Preferred
•
1.06
40c
Week's
of Prices
1
Co
65c
Fonda
*
Low
*
Corp
Jun
35c
Exchange-Curb Section
Sale Price
National
Canadian
May
7
115
1.51
14%
new
Jan
42c
Consolidated Paper
deHavilland Aircraft
May
•
Dairies
Jun
July
112
40c
13%
—.
14
95
Jun
100
40c
British
.
Apr
Jan
10
1
Mines
.50
Mines*—,
6
68%
135
Jun
Bulolo
7.10 July
950
78c
Scrip
Preferred
4.35 Jan
6.40
70c
57c
-1
Apr
5.00
Canada
Jun
6.25
45c
x
Gold
Pherrllt-Gordon Gold
Silverwoods
4.45
1,675
10
—a
Sep
41c
19 %
-10
Rouyn, Ltd
Breweries
2.40 Jan
4.20
115
common
102%
Apr
Canadian
Sep
4.10
-10
Gold Mines Ltd
Sep
Feb
Jan
8c
Jan
Bruck
Apr
53c
1,600
127,210
—i
pfd.l
"A"
1,152
112
Jan
3.30
Preferred
Sep
1.75
Sep
25
53c
-1
Shawinigan
Sheep Creek
Sicks
7%
Jan
6%
1.40
46c
a.
Sand River Gold Mining
Benator
5 % May
6%
1.55
*
11%
86%.
112
Sep
16
Brown
July
1.35
1
_
11
85
11%
86 %
class -ai_
*
British Columbia Pulp & Paper com—*
May
7
.....
99
579,750
Beath JLtd
16% Aug
64c
88c
15
common
80
28c
70c
1,440
Acme
Mining-:.
San. Antonio
Jan
Feb
11%
Russell Industries
102%
19c
Par
Jun
Jan
20c
2.55
Rouyn Merger Gold Mines
Royal Bank
Royalite Oil
101 %
24c
STOCKS—
Jun
5c
90c
Scythes Ltd hew
10
24 %c Aug
20c
Sep
2.12
44c
37c
1.05
Lawrence
44,000
128,775
Jan
91,100
1
St
150
38c
Jan
8c
20,000
1
Ryanor
12%
32c
1.19
9c
--
>
7,230
44c
1.30
x
Aug
25
Last
Apr
23
—1
19
18
Friday
Jun
24c
common
class
Feb
15% May
1,580
Canadian
1.40 July
29
80c
46
Silk
1.70
33c
67%c
56c
Gold
1.63
55
25
Toronto Stock
Feb
8c
Queenston Gold Mines
Reno
1.62
26% Aug
365
18c
73 %c
78c
Roche Long Lac
Rochette Gold Mines.
75c
18'A
4,230
York
Apr
Sep
Quebec Gold
Riverside
28%
.,
6.35
x
72c
4.35
Asbestos
4.10
Regcourt Gold Mines
11,400
Sep
Mar
19%
Jun
52c
Reeves-Macdonald
1.77
18
Andian
6%
Quemont Mining
Jan
1.20
4.15
Sep
1.40
Preferred
18,200
4.35
93/4 Mar
12
75c
—-1
1.39
18%
100
—
Mines
22% July
85
19%
Apr
Apr
8c
——
Purity Flour Mills
7c
2,100
16
Dome
Apr
5
•
1.63 Mar
30c 34 %c
3.15
28%
Mines
Mar
21
24 %
Apr
' 1
12,150
Gold——
Proprietary Mines
69
445
1.32
72c
Sep
24,600
Metals
1,370
18%
100
pfd
(Alexander & James)
Feb
6
1.05-flb|j
80c
Voting trust certificates—.
Power Corporation
Premier Gold Mining co—mm—.
85
21%
24 %
1
.*
Ymir Yankee Girl
Apr
1.15
47c
;
Apr
81 %
Yellorex
1.65 May
3.30
21c
Co
1.05 May
5.10
Combing
Wright Hargreaves Mines
Jun
15c
80c
Porcupine Reef Gold Mines
3.40 Aug
Apr
64c
45c
Porcupine Peninsular
Sep
Apr
Apr
59%
Feb
50
80c
Pickle-crow Gold Mines
Pioneer Gold Mines of b c
60c
Jan
16% Mar
32c
*
1
Preferred
3.00 Mar
Jan
46c
Mines
11% Sep
11% Aug
Apr
66c
4,500
49,860
20c
2.35
j•
Mines—
245.500
Mar
Juiy
2.59
•
-
Products
common
Wool
35c
2.60
12%
Porcupine' Gold
2,110
14c
1.33
4%% preferred
35c
Sep
Aug
Mines-
11%
6
14c
101 %
Malartic
Wlltsey-coghian Mines
:
Winnipeg Electric common
Sep
2,000
35c
Gold
11%
Sep
21 %
1
Gold Mines
20c
11,400
.
Malartic
9,350
85
740
10,500
Paymaster Cons Mine* Ltd
Peoples Credit Securities
2.00
•
5,500
8c
Gold
1.85
*
14
7%c
Mines
Malartic
1.95
July
1.30 Sep
3,824
25c
8c
_
46% Mar
8c
18,525
24c
Z—h
—
Jun
Sep
66c
27,000
69c
^
22
July
3.75
Wasa Lake
8%
Page Hersey (new)
Pamour Porcupine Mines Ltd
16% May
4
62c
Preferred
39c
——
July
40
3.65
Jun
70c
30
5
12c
9%
May
Jan
15
63C
Apr
34c
i
36c
11,000
3.70
Jun
12
u
Jun
4
1
35c
3.30
Pacific Oil & Refining
Pacific Petroleum
14%
lie
.•
Mines, Ltd
Walker-Gooderham & Worts
Atlas Steels Ltd
■;% pacaita
Feb
Jan
27%
120
Mines
24%
5%
Mines
30
Waite-Amulet
Vicour
48c
,
common
Sep
3.15
4
—x
Oils
65 3%
6
—
Sep
21
7% May
183,225
19%
42%
42
25
Jan
1.05
j.
50
"a"
—
11%
1.55
15c
Omega Gold Mines
Sep
Apr
Feb
11
3,420
70c
,
19
13 %c
30c
Mines
o'Leary Malartic Mines
9%
29%
55c
29%,
19'A
1
41c
com
Mines
36% May
135
Sep
1.20
lie
class
b
Oils
20% Mar
57
10c
—
*
b
•
1.50
73c
Mines
Canada
8%
9
64c
29%
Ventures, Ltd.
Feb
9c
Corp Ltd
Mar
Sep
Jan
•
$1
Mining
Corp class a
Vermllata
1.50
Norgold Mines Ltd
Preferred
11%
Upper Canada Mines Ltd
Sep
Sep
53c
3,565
63
12%
Class
6.90 May
Jan
1.00
Marlartic Mines—
21,
17
Apr
48c
Feb
*
United
Apr
103%
5
14,200
62% -
2.50
53%
Oil
Jan
17
100
May
37c
Noranda Mines
24%c
100
111
90,950
City Rapid Transit common
Jan
3.05
1,700
21
United Fuel
Sep
223/4c Jan
15
25
Feb
21
1.70
Class
Apr
70c
28%
29c
21
United
Aug
65c
Jan
90c
Jan
25% May
21
1.35
Sep
7c
34c
103% 103 %
Mar
1.40
1
1.60
Union
May
25 %c
1.99
88c
50
rights
Union Gas Co
Sep
67% Mar
Jan
16c
Sep
Sep
Feb
May
59%
Jan
1.25
50c
35
Twin
July
2.60
—
Mining
3.50
July
5.65 May
10
*
44c
i
—
Nipissing Mines
b
225% 225%
20%
Calumet
Star
Class
July
20
Aug
83/4
11,903
29
Mar
Apr
3.45 July
130
*
b
class
Jun
20
28c
Exploration
Traders Finance
3.35
130
34%
100
Trust
General
Towagmac
35c
Mines
Bidlamaque
Orenada
110
West
—100
New
o'Brien
1.75
*
Elevators common
29
.20
New
t
1.75
19%
1
Gold
Toronto
Toronto
14
25c
common-
Trust
Northland
Toburn
July
105
35
25
•
National Steel Car
North
Jun
Apr
Sep
Sep
2.25
26c
•
Preferred
Northern
20
6c
39c
..1
Grocers
Normetal
19%
1.39
18
413
1.50
1.55
108
67%
1
Norbenite
•
15 %c
22
721
10%
107
65%
107
66c
Nordon
Tip Top Tailors
Sep-
22
Apr
8% Mar
75
18
103%
Nib
Feb
Canadian
-
Transcontinental Resources
100
Negus
270
9,600
27c
1,335
Modern Containers common
National
11.330
77c
10,758
Mosher Long Lac
3.35
55c
Aug
7c
15,300
398,400
1,150
27%
13
17%
59,500
National
3.20
1.28
15
18c
common
4.05
5.15
2,500
6.80
Light Heat & Power
Jan
50c
12c
16c
Porcupine
1.50
1.28
20%
6.40
Corp
16,895
5.05
20
16c
Moneta
3.25
55c
10c
20%
6.80
Moore
2.90
5.15
16%
•
Montreal
3.00
•
Jan
1
——
May
1
(gj common
Teck-Hughes Gold Mines
Texas
Apr
12
—•
*
Preferred
Jun
15c
Sep
Thompson-Lund Mark Gold Mines
9c
150
Gas
c
Jan
14
5
•
&
37c
Jan
2.30
Jan
14
1
Oil
Feb
43Ac
123/4 July
"
Mining Corp
20c
26,000
Apr
Feb
1
———
Mid-Continental
500
9c
2.50
Feb
5
Exploration
33c
10 %
10
*
Gold
2.45
33c
115
15%
.
Mines
2.30
6%c
5,095
60
*
Lake
Red
Gold
2.35
20
Jan
Aflg
6%c
19%
290
*
—20
Gold Mines
McWatters
26,000
Aug
Aug
"
*
—
20
28
1
Mines
80
3.35
11%
100
Lake
Mar
15
i
•
*
—
72
79%
*
1
5
28
common
prefererd
Co
78
Sylvan i te Gold Mines
11%
1
McMarmac
2c
46
Apr
Tamblyn
30
Gold—
Red
3.25
Jan
19,000
Jan
67
3.05 Aug
4.15 May
Jan
2.17
34•
65
1
1
Mines
Mines
Cons
High
55
77'
Sullivan
*
common
Mercury Mills
5c
2.25
j
79 %
79%
25
Preferred
Low
43%
76
4.50 May
3.50 Aug
3.85 Jan
11,550
3.10
3.65
7,715
12,400
5,058
4.40
2.70
Jun
10
Mclntyre Porcupine Mines—
:•
Sep
.*
McColl Frontenac Oil
Mentor
28
3.05
—
Massey-Jtiarris
Preferred
McLellan
July
Mar
4.20
1
Marlon Rouyn
McKenzie
29
25
2.70
:
Milling Co
Preferred
26% Mar
325
3.05
Preferred
(l)
395
28
1
1
1
Maralgo Mines
Marcus Gold
28%
43%
43%
-•
common
40c
Mines
Fields
—
Mapie Leaf
•
Canada
01
Range Since January 1
High
■
Co
1.50
28
%
Shares
Low
*
Stedman Brothers
Steei
1.50
Gardens common
Maple Leaf
McBrine
Jun
45c
Manitoba & Eastern Mines
<
2.10
Jan
llli
.
Gold
Lake
Gold
Malartic
1.23
16,125
27%
'
fer Week
far
High
28%
Macassa Mines. Ltd
.
MacLeod-Cocxsnutt Gold Mines
Kh
Low
27%
Yellowknife Gold.
Lynx
Range Since January 1
"1*
Class "b"
Louvicourt
2.05
STOCKS—
III*
class A
oroceterias
lasoiuw
2.00
Lac Gold Mines Ltd.
Little Long
Sales
Range
•f Prices
■
High
1.80
Par
Week's
Last
Sale Price
Sales
Range
Sale Price
■
ENDING SEPTEMBER 28
Friday
Week's
Last
Friday
stocks—
WEEK
FOR
Monday, October 1, 1945
FINANCIAL CHRONICLE
-.;;vv
;si
•'
W;-
■■:■■
"r*<::
/
■
*'
■■•
k/ZZZ/Z;'//
v■
-
I
"
""
Volume
-•
■
—1
CANADIAN
RANGE
Friday
l~
Glass
Dominion
Dairies
Glass
40
Can North Pow
Canadian
25
38
Jun
453/4
Sep
Canadian Gen Investments Ltd—
423/4
Jan
64 y2
Jun
Canadian Industries Ltd class B—
29
Feb
36%
Jun
45%.
36
1,275
13
470
10
15
100
9%
25
International
Canadian
Lt
61
124
Jan
165
5
,161
Jan
167
570
1,575
14
16%
16%
5
11
11%
2,700
1
15%
16
*
26
271/e
ny2
Dryden Paper
296
Canadian
Jun
18%
12%
18%
79
Jan
79 y2
17o
Sep
18'/2 Juiv
Jan
161%
Feb
8 y2 May
Corporation
Foundation
Power
Gatineau
5
ft
Canada
of
Co.
*
common
Canadian
pfd
Tire
Catelli
Sep
Bridge
Kollinger Gold Mines
Holt
Renfrew; common
Preferred -j.
Preferred
10
Apr
55
Aug
David
Jan
12% July
Davis
Leather
6%
Feb
International
Bronze
13%
Preferred
120
32
10
110
13%
1,175
12 y4
500
7y4
243/4
jan
120
Dominion
Mar
May
Secord
Laura
John A,
Candy
.
Legare preferred £
Massey-Harris
McColl-Frontenac Oil
Mitchell
«—
:
Aircraft
Ford
Motor Co
Feb
120
Foreign
18 y4
29 3/i
Jan
33
31%
Jan
40 y4
Sep
Sep
2,695
21%
Jan
371/4
102?
97%
Sep
Sep
24% Mar
39%
39%
416
111%
25
108%
Jan
113%
Sep
163
26%
Jan
35
Pr
'
27% May
28%
240
57c.
16
Jan
Feb
Jun
21
8% Mar
13%
11%
Feb
23% May
22 y4. May
29
Jun
26%
Feb
20%/Mar
24%. Apr
37
2,805
10%
727
470
25
Montreal 'Light Heat & Power Cons—•
National Breweries common
*
23
41%
41
41%
National Steel Car Corp
21
207/a
21%
1,250
24%
100
Ontario
Ltd
Powell
River
Price
5%
18
10
15 3/4: May
50
28%
Provincial
485
28
59%
Regent
Knitting
Rolland
Lawrence
A
Lawrence
St
Lawrence
29
Jan
125
27% Aug
57% Mar
61
Jun
Sarnia
885
14
20
Sherwin
22%
23
23
10%
10%
10%
1,000
7
Jan
12 3/4
39%.
4,155
32
Feb
39 y4
Sep
101% 101%
80
100
Mar
18 y4 Mar
925
103
16
15%
16%
1,775
9 y4
Apr
17
Sicks'
Breweries
161/4
90
15(4
Feb
17%
13
200
10 y2
Jan
13
13
12
13
266
11%
Jan
13
4
3%
4
1,575
28
2 tf%
28
37%
37%
68%
69%
18%
19
25%
25%
(Hi
Simon
Soutnam
&
Standard
•
77%
Canada
Preferred
Tuckett
Tobacco
(Geo)
Ltd
Beattie
Beaufor Gold
31
125
22%
Apr
32
30
100
23
Jan
30
Jan
26% July
16 y4
50
16%
160
15
Jun
16%
Sep
Bouscadillac
12
555
10%
Jan
14
Jun
Brazil Gold
1,950
30
1,460
14
20
11%
Sep
Sep
Central
170
Jun
10
10
17
14%
2,870
Jan
14%
11
63
11
6%
48%
36%
Jan
16
16
10
15
Apr
20
July
97
97
35
96
May
100
Mar
8
8
435
6
Jan
*10
Jun
110 110%
37
107
May
112
July
63
July
Ltd
East
Malartic
East
Sullivan
24%
Sep
Eldona
Jan
22
Jun
95
19%
19%
100
6%
6%
170
5
25
4
10
83
8
5
193/4
Jun
Jan
14'/a
86
86
100
75
Jan
91
29 y4
2§y4
120
23
Jan
29% Aug
28%
28 y2
10
6%
29
28% Mar
July
Jan
16% Aug
Jan
15
240
16
__
16%
16%
185
19
19
19
315
16%
310
27
505
15% Jan
29
28%
._10
13
17%
18
17
Jan
14
Jun
20 V* Aug
Apr
29%
May
Jan
18 % July
Gold Mines
J-M
Consolidated Gold Mines Ltd
Adidson
Gold
Mines
Week's
Range
for Week
of Prices
how
Llngman Lake —
Macdonald Mines
Range Since January 1
Shares
Abitibi
cumulative
'67c
17c
*
100
Power & Paper common
preferred
Preferred
Bathurst
Pr
&
American
British
Col
Brown
811
168
19%
1,350
993/4
55
4
-
Preferred
25
♦
23c
23c
19,220
1,500
71c
69c
79c
71,200
75c
Jan
1.80
1.45 July
2.24
1.35
1.80
1.30
1
1
1
1.37
1.55
Sep
""17
July
99%
19%
Sep
100% July
Sep
Jan
4%
Jun
8
Jan
9
Sep
865
85
5,853
73%
123
30
243/4
825
73%
Bread
Canada
&
For
Co
preferred—
Dominion
footnotes see
Sugar
page
1548.
*
*
24
24
17c
Feb
28 %d
Apr
37 %c
Feb
81c
Sep
1.35
300
35c
32c
35c
29,300
35c
35c
37c
5,400
16c
16c
lie
11c
11c
1
1
1
10 %c
Sep
51c
Apr
35c
Jun
60c
Jun
2,000
6c
,Jan
27c
May
500
7c
May /
31c
May
May
5,500
6c
Jan
18c
28c
4c
Jan
54c
33c
Jun
60c
May
Jun
29c
38,800
63,600
9,300
10c
Jan
45c
May
58c
Sep
75c
Sep
40c 55 %c
65c
70c
17,900
1.57
1.39
1.87
43.500
2.90
2.90
1,000
4.70
2.40
4.10
4.85
18,200
52c
Apr
225.753
20c
Mar
90c
1.00?
6,800
90c
Sep
28c
50c
28c
30c
10,500
28c
Sep
45c
54c
55,700
20 %c
1
7%c
83c
6%c l%c
3,000
42,760
26c
1.48
83c
3.10
95c
16
16
18c
1
40c
35c
44c
6,000
5.75
5.75
200
1.55
1.55
100
50c
1
1
—»
—
23%
Jan
/
36 % May
/
2.30
45
Jan
25%
63
4%
Jan
>
75
Jun
Sep
Sep
Jun
Teck
Ltd
Gold Mines
Coghlan Mines
Hughes
Wiltsey
Crest
Oil Co
Sep
Home Oil Co Ltd
22% Mar
26 V»
Jun
Homestead Oil & Gas Ltd
*
*
—1
Feb
3.80
Apr
10c-
Fefc
44c
24c
Sep
62c
Jun
Apr
4.75
Feb
5.95
1.20
Jan
1.79 May
Aug
25,500
51c
Sep
15c
2,500
124,600
6c
Jan
25c
Apr
55c
15c
Jun
55c
Sep
1.05
1.28
9,300
34c
Jan
1.45
Apr
70c
70c
'
?;
90c
May
3,000
38,347
65c
Jan
85c
X, 60c
Mar
49c
21,500
43c
Apr
1.00 May
2.35
Sep
2.40
Sep
Apr
1.05
Apr
2.35
2.40
400
2.90
3.25
16,630
1.50
Jan
3.80
MO
200
3.60
Jari
5.50 May
5.10
—
24c
21c. Julj)
75c
3.00
■
-
48c
2.35^
:
—
79 %c
Jan
51c
--
1
Ltd—
101%
43c
Feb
15c
82c
49c
'Olt Stocks
Sep
101%
Aug
Sep
.
2.25
1>25
—1
Ltd
Sep
Sep
2.20 Aug
35c
1
1
Ltd
92c
47c
--
———
Mines
Sullivan Cons Mines
1.48
1.55 July •
48.718
35c
1
Iron
64c
3.25
1
Rock
34c
200
Jari
24% May
July
46c
2,100
Stadacona Mines
Steep
1.38
15,700
72c
Mines Ltd
1944 Ltd—
Standard Gold Mines.
5.15
Jan
Jan
Feb
18
41c
3.30
35c
—'
Gold
Sep
Apr
1,500
3.00
Senator Rouyn
Slscoe
16
28c
■
•
Rochette Gold Mines
Jan
13,600
1
Ltd
1.50 May
Jan
2.08
2.00
Apr
13V2c May
Jan
2.45
500
35c
Red Crest Gold Mines
64 %c
July
7e
74c 83 %c
74c
Sep
1.75 May
46c
11%
150
72c
Ltd—-
3.10
Apr
7%c
Jun
7.00 May
3%c Jan
1,100
22
1.48
2.07
37c
Yellowknife
Quebec
490
22
1.48
2.99
Jan
2.55
6,500
4.60
2.40 Mar
1.15 Mar
300
16c
16c
—
Gold
Feb
Jan
69c
Mines
Jan
8c
.
51 %c
27c
-
Apr
10c 10 %c
25c
25c
Ltd
Dredging
Gold Mines Ltd
Perron
East
Canada
23c
50
1.35
May
Jan
3c
1,800
1.55
1.35
Sep
170
3
63
4%
69
Jan
15
101% 101%
4%
4
Mar
1,259
4%
61%
•
l
100
9
24%
*
Paper Co com
Company common
4%
9
4
44
144
18%
*
Ltd
Oil Co Ltd
Pulp &
68%
5% Jun
2% Mar
6,923
99%
19%
*
Paper class B
Brand ram-Henderson
British
•
.100
-
4%
168
-100 1
preferred
Acadia & Atlantic Sugar common
4%
673/4
4%
High
Low
1
■'
19cfi July
9%c July
1,600
9c
Ltd
Cadallic Gold Mines Ltd
Cons.
Pato
High
Feb
11% July
ui'./ii
Feb
9%c
1
Labrador Mining & Explor Co Ltd—1
Lake Shore Mines Ltd
1
Leitch Gold Mines Ltd
1
Kirkland Gold Rand
Paramaque
Sales
Last
8
Jan>"'.:
7c
1
Ltd
Sep '
Jun
July
9%c
—1
Mines Ltd
Joliet-Quebec
Pandora
Friday
Sale Frlce
•
1
Mines
Mines
Yellowknife
Mining Corp Ltd
O'Brien Gold Mines Ltd
Canadian Funds
Par
/
Apr
7
8c
Nib
Montreal Curb Market
21%
Feb
9%c
Normetal
STOCKS—
3%
Jun
/i
Heva Cadillac Mines
-
Kerr
16
30
.
Feb»
17
•
30c
Jan
1,549
10
50-
4
Feb
24c
29%
1
Formaque Gold' Mines
Goldora Mines Ltd
18
105
-10
22c
28%
24c
29%
1
1
1
Jan
225
25
Nova
790
2,788
"
22%
21 %
29
■kj.-I.
1
Donolda Mines
£lif
82%
Apr
24%
..10
.
r
5
Mar
2iy2
1,050
Mines
Cournor
Mar
24 y»
..10
14% July
3%. Jan
14
42
1
1
1
Ltd
M Corp
Cadillac Gold Mines Ltd
70
21
Jun
13%
1
Mines
Gold
Sep
Mar
14
*
58
5
54
260
16
65%
Jun
82%.
10
14%
57 Va. Feb
.6%. Jan./
-
Aug
July
47
Banks
-
6%
11
11% July
25
108
Sep
108
*
Ltd
Gold Mines
Century Mining Corp Ltd
Jun
Apr
21%
12
28% July
9 Vs Mar
•
Centremaque
Aug
3%
21%
-
80%
liy4
99
1,380
82
ny2
Feb
2% Mar
*
Cartier-Malartic
77%
63
113/4
Mar
225
1,103
Aug
99
Jan
Mar
21%
22
105"
35
6
*
Corp
Gold
Sep
163
63
Jun
Feb
July
108
100
& Diamond
July
3
6
21 %
27%
24c
Mines.
Gold
Bonville
8
166
12%
16%
Jan
*
A
Mines Ltd
69
166
6
Jan
18
5%
1
99
Apr
12
12
27%
1
50
74
6
Sep;
30"
:
July
107 %
,
Sep
8"% May
11%
9
27%
63
Jun
:•
22% Jan
107 y»
14%
Aug
13 72
'
14%
Sep-"
23
>43
6% May //
.5
«
Sep.
21%r. Aug
24*
Jhn
215
14
20
14
*
Mines—
450
*
v.
11%
28
•
Limited-
3,255
131
100
preferred
11 %
pfd_-—^.-100
6 7c
Mines Ltd
& Radium Ltd
Mines (Quebec) Ltd
Gold
25
80
—*
—_
172
100
Sep
Sep'
50%
13%
Exploration
Bear
Jun
30
*
common
50
1,315
^
Aug
28 %
6%
»
Feb
13"
300
43
*
Aumague Gold
Jun
11%
*
common
—
Preferred
6%
25% Aug
*
Winnipeg Electric common
Zellers
Jun
20
•
-
Wilsils
Mines
Feb
*
Cotton
Weston
Quebec
Mar
77%
12%
49%
Jun
9%
Jan
Jan /
5
Sep
6%
4% Mar
21
*
10
13%-
red pfd—100
Ltd
Copper
Mines Ltd
22
45
99
*
;
50 %
,22%
*
Ltd
Aldermac
16%
1,665
77
*
Walker Gooderham & Worts com
Preferred
Arno
Aubelle
69%
100
preferred
Ttyin City Rapid Transit common
Corp
100
Sep
12
Apr
«
Astoria
38
Jan
25
.z.-
45
3.00
;" '4T1 Jan':
Stocks
Mining
Sep
Jan
583/4
11%
common
United Steel
Wabasso
Hotel
Jun
Jan
33 y2
99
Chemicals
of
Co
Jan
34%
49
100
13
*
Ltd
Pr
Securities
Windsor
12
12
Preferred
Steel
1,943
12
*
16%
•
Power
45
42
5
B
25
*
Sons
Canada
30%> Jun:;
28
Jun
21%
10
Paper Co
United Distillers of Canada Ltd
Sep
30
30
Press
Southern
Mar
22%
11%
July
•
Jan
13
July
30 %
41
7
3% Mar
25
6%
—•
*
Sep
4% July
Mar
175
4%
50%.
*
Jun
29%
50
19
*
Jun
15 y4
3,250
535
Z-
4%
Ltd
Co
Jun
18 3/8
710
?5%
;
11V2
Feb
17%
6%
28%'
44
44
100
common
Ltd common
Co
Canada
4%
2% May
1,010
•
common
pfd
67c
Ltd
Corporations
Class
Jun
68 %
-7.
Preferred
Jan
2
13%
w
Bridge
United
Sep
16%
*
com
17
Southmount Invest Co Ltd
Feb
i6%
100
*
Canada
Aug
2,485
4%
5
Jun
38%
com
of
Williams
28%
*
Ltd
Aviation
Southern
Jan
13
Shawinigan Water & Power
3%
28%
16
9%
14,365
Jan
7%
405
15%
4
50
Preferred
Jun
60
1,050
Oil
11%
Jan
39
50
Paper
11
13%
Sep
Apr
5
75
10"%
14%
-*
Ontario
&
Grain
20
preferred
Mills
Flour
14
7%
Quebec Pulp & Paper l7o
*
preferred
St
14
6%
Reliance
Sep
Sep
common
Corporation common
18 V4
40 V2
5
Noorduyn
*
Paper common
St
Feb
Feb
10
Power & Paper.—
Jun
40
15
35%
9%
Rqyal Hotel Co Ltd
United
Power
Jan
25
355.
28%
18%/Jun
«Jun
*
Quebec
30
12% July
125
9
38
Jan
*
Transport
Mt
60
101%
30% July
July
39
12
common
Corporation
20
27%
100
12
Jun
8%
;
Jun
3%
Jan
28% AUg r
v
18%
28%
Preferred
Jun
28%
50
85
11
11
Jan
24 % Mar
952
*
preferred
Sep
2.00 May
39%
20
Distilleries
Mcore
Apr
*
common
300
Ltd class A—*
(Can)
McColl-Frcntenac
Melchers
Minnesota
37
23
Ltd
Co
Sep
Jan
2%
730
.
—
Jun
18
Co
15 Va
ll'/s
38%
14
Co.———•
Maple? Leaf Milling Co Ltd' common—*
class A preferred
*
Massey-Harris Co Ltd 57c pfd——100
Jun
37
20
7V2 Sep ri
..
18
39
MacLaren Power & Paper
Aug
37
1
of Canada
Bros &
12%
*
Ltd—;
Co
Lowney
26
28 «/2
*•
common
27/a
29%
12%
(Alfred)
22
28 %
11
,
42
53%
.
Sep
May
53%
*
Development
100
200
23/4
293/4
*
*
Ltd
(John)
20
*
common
pfd
Sec
St John
17%.Mar
23 y2
Rwys
Placer
Power Corp
670
Jan
25i%
53%
*
Ottawa Light Heat As Power com—100
Page-Hersey Tubes
*
Penmans
1,015
2,587
-
Feb
*
Products
Steel
Electric
Ottawa
1.70
121/4
*
convertible
Lambert
Jun
9%
13 '/a
10
28%
Lkke
Sep
12%
*
.
Jan
Jan
60c
17% May
183/,
24%
Ogilvie Flour Mills common
8%
5
preferred
Journal Publishing (Ottawa)-:
183/4 Mar
153/4
6»
■
10 y4
*
153
150
17
22
Noranda Mines Ltd
13%
29,723
*
preferred
'0%
•
Jun
200
18
21
27%
31
24% Mar
150
25
Wire. Weaving
27
11%
29%
*
*
Foundation Ltd
Inv
Sep
5
22 y2
Niagara
7%
15%
1.70
of Canada class A—„•
Paints
Internat
-
May
32
17
27 y2
6% Apr
10O
Jun;
Jun
5 V4
Jan
7%
—
111
Apr
21
'3,050
133/4
—
3%
Sep
Sep
36%
21
17
—*
Breweries
200
13,380
50c
■
*
Corp Ltd
Fraser Companies
Godfrey Realty
Hydro-Elec Secur Corp
Jan
90
17 %
18
(Robert)
Molson's
50
5%
Sep
14
Feb
10%.
*
Ltd—
Fleet
400
152% 152 %
*
3
—25
•
Linoleum
&
Corp
Paper Co Ltd
Sep
2,711
21%
Sep
50
Mar
42
15%
Works Ltd
•
Ltd
—20
Aircraft Ltd
Fairchild
Sep
39%
35%
Sep
57
Mar
25c
2,300
-
50
—
Woollens
Donnacona
75/a July
28%
16%
31%
21
Sep
2.35
Jun
133/4
Feb
16
4
Feb
35
Feb
375
Square
39
28%
100
Lang & Sons Ltd
40C
43/a
*
—
Co
Oilcloth
Dominion
16%
Jan
71/2
Dominion
112
Apr
13%
2,273
Malting
Sep
25%
30% Aug
Jan
110
15
120
31%
common—•
Preferred
11%
—
Sep
120
Labatt
Lake of the Woods Milling
2.50
*
*
A
Dominion
39
Utilities
International
class
Dominion Engineering
Sep
111
111
100
w_—„
5%
pfd
B—
30
Jan
109% 111
21%
*
•
International Power common
Preferred
36%
100
Ltd
Class
Jun
31«
393/4
15
common
*
common
Ltd
13% May
Feb
21
31%
7%
16%
—
4
281/2
13%
28
Canada com—*
Petroleum Co
International
31%
14%
Sep
102 Va
1,233
111% 111 %
143/4
25
International Paper
8%
Mar
30
50-
25%
25
11
1,805
120
120
25
common
Preferred
International Nickel of
30
Sep
101
11% May
25
14
35c
35c
Limitee B
& Frere
8%
725
*
100
preferred
Ltd
Sec
Corp
1,685
£1
Coal
Intercolonial
Aircraft
55
100
-T
Cub
Sep
12
13
Jun
11%
Apr
Apr
50
56%
Jun
Jun
12
1.801 Aug
'
*
Acceptance Corp com
20
7%
12%
4%
1.25
/
Feb
Jan
46
Aug
/
105 y4 May
55
30
*
Imperial Tobacco of Canada common_5
Industrial
2.30
56%
If,'15
Jan
.
4%
.
87
7%
Div
11%
13
Oil Ltd
Imperial
54
8%
Preferred''
7'/a
Bay Mining
Hudson
Alcohols
Consolidated
Apr
2
'
55
100
Howard Smith; Paper common
Preferred
Commercial
Sep
13% July
Jan
Jun
6%
Sep
Jun
3%
Feb
40c
I
Consolidated Paper Corp Ltd
15 y4
2
10
2.20
_*
——-.^lOO
Sep
102
Jun
Mar
172%
1.00
com—.
Sep
25
15
168
4%
4%
common-—*
Adv
107
955
7%
Ltd
General
Neon
103
20
Jan
167 % May
3
—*
Feb
105
13
155% Aug
14%:/
10%
..
Co
Preferred
16% May
2 7'/a
Products
Food
11%
50
•
*
5
100
(1927)
Gypsum, Lime & Alabastine
Westinghouse
Jan
19
Aug
160
14%
100
97
105
19 3/4
•31
143/4
*a'.<
V
common
—
10%
10
May
May
10
*101% May
35
107
Jan
Sep
; Jan
20
30
Sep
11%
Jan
20 y2
140
13
102 %
107
100
Preferred
Goodyear
12%
12 %
350
102 %
*
General Steel Wares common
Hamilton
13
100
100
preferred
preferred
5 % './<>
425
57
107
1172% 172 %,
100
High
V;
Apr
49
158
—
-
Ltd
Vickers
preferred
Claude
Electrolux
1
■
v; 100
56
14%
—.
158
*
com—"'
Canadian Western Lumber
JUn
165
*
Co™
Low -/
High
30
100
Tr
Inv
Power
)5%; preferred
Aug
12
Jan
Low
t
104 104%
Canadian Marconi Company—
—1
Canadian. Pwr & Paper Inv Ltd com—*
Sep
Jun
72
17%
-100
30
7y4 Mar
2,715-
78 %
Dominion Tar & Chemical common.
Feb
''
1-
*
—,
Canadian
&
Ltd
Co
-
Jun
150
10%
preferred
Jun
30
18V2
17c
& Dock
16%
164
97/a
*
,
Range Since January 1
Shares
of Price*
pfd—100
Cprp Ltd 7%
Dredge
13 V2
Jan
143
18%
Dominion Textile common
Preferred
713/4
113% May
18%
Ltd-
r..$M 10^'*
Sales
-
55%
Sep
10%
—25
Steel & Coal class B
Stores
Par
•
,
Jun
62I/2
29%
'
'
.
40
18%
Dominion
Dominion
.
Co .Ltd—
Malting
Jan
149
100
i
•
Canada
Jun
Jan
164
30
149
.100
common
Preferred
High
15'
Apr
49
12%
__25
Low:/
12%
33
35
common
*
115
62%
36
Friday-
•
Sale Price
stocks—
1,599
45%
.__
Dominion Foundries & Steel
Dominion
71%
39%
,,.—
Bridge
.1
Coal preferred
Dominion
•
170
10
Co
Distillers Seagrams common
Dominion
70
39%,
*
& Seal
Cork
Crown
713/4
5
Consolidated Mining & Smelting—
'W
■,y*t
r";
January 1
Range
High
14%
■
for Week
Shares
14%
>
SEPTEMBER 28
ENDING
for Week
of Prices
Low
Par
1
Cockshutt Plow
MARKETS
LISTED
WEEK
FOB
Week'r
Range
Sale Price
STOCKS—
:•:»:
•
•,
^A'6■wi./«^ :■:.:;?fe.vs^1.1*' v»v>;■.£&
<
Consumers
1547
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4425
162
.
21c
280
61,500
10c
Feb
40c
9c
Sep
21c
Apr
Apr
9c
9e
500
3.50
3.50
104
3.10
Jan
4.25 Mar
10c
10c
3,500
4%c
Jan
18c
»
May
;
'
CHRONICLE
& FINANCIAL
THE COMMERCIAL
1548
Monday, October 1,
1945
OVER-THE-COUNTER MARKETS
Quotations
for
Friday,
September 28
For
Specialists
Quotations
in
on
Real Estate Bonds
Shaskan & Co.
OVER-THE-COUNTER SECURITIES
Members New York Stock
Firm Trading
Markets
Exchange
Exchange
Members New York Curb
in
ACTIVE
250
40 Exchingo Place, New York 5, N. Y.
ISSUES
7
Tel:
Bell
DIgby 4-4950
Teletype NT 1-953
120 Broadway, Now York
Ward
Established
Co.
&
2-8700
1-2173 & 1-1285
REctor
Phono:
Tele. NY
Reorganization Rails
Members New York Security Dealers Association
1929
CHICAGO
Wires to
Direct
—
PHILADELPHIA
(When,
Bid
Bonds-
Investing Companies
1
IM»
A Amer ex Holding Corp
10
American Business Shares
1
American Foreign Investlng.tOC
Assoc'ted Standard Oil shares—
Axe-Houghton Fund Iuc
1
Axe Houghton Fund B
Affiliated Fund tnc
inv
1
-I
8
-1
Fund Inc—
Boston
Street Invest Co Inc
Broad
Ltd
Fund
Bullock
11.72
20.53
22.52
29.33
32.25
29.09
31.93
5.10
Scries
6%
7%
Series
17.30
18.60
Series
33.69
36.23
Series 8-1
16.23
6.71
Inv Fund
Ltd——1
^ Century Shares Trust
—•
7.55
•
118.58
—100
——
Commonwealth Invest
——1
'M Consol Investment Trust.
1
Sayles Second Fund—10
Fund
22.18
23.85
Loomis Sayles Mutual Fund
37.85
40.92
Loomis
20.33
22.28
3.80
50.76
9.92
1
27.35
HowardBalanced Fund
143
14.74
*19
60
Balanced
72
Louis
.1393
100
102
Sc
Grande
Rio
-
78%
Income 75-year 4%s
80%
50
32
62%
64%
BI4
Insp«ct._10
43%
46%
I
27%
29%
Hartford Steamboiler
56%
Home
46%.
48
Homestead
.10
15
Insur Co of North America—10
96
98%
38%
40%
Surety
16.41
Aetna
10.55
11.41
Agricultural
26
77%
81
7.38
.1
8.12
American
Alliance
10
21 J/4
23%
6.30
———
Life
Fire.
20
Jersey Insurance of N 7
5.69
4
29
31%
Maryland
Casualty.
5
11%
12%
16%
18%
Massacnusetts Bonding
Merchant Fire Assur
4.92
5.50
11%
12%
10.08
16%
Selected
4.70
5.28
American
Re-Insurance
61%
64%
Monarch
4.64
5.15
American
Reserve
10
20%
22%
National
6.41
7.10
American
Surety
36
67
69
15.02
6%
4%
National Fire—
15.66
55
4
17%
27.07
13%
87%
Mercb St Mfrs Fire N 7
9.12
12%
51%
4
Automobile
American
American Equitable
6
American Fidelity Sc Casualty.!
American of Newark
3%
83
—8
American
9.04
8.47
National Liberty
National Union Fire
series
—
stock
series
16.37
17.50
Speculative series "L.
•
25.18
27.12
Stock
2.50
2.28
46»/4
BI4
Pat
Ask
85%
54
10
Sc
81%
10
Aetna Casual
8.12
Income
25.32
series
a..
series
New England
-—
10
Automobile
10
37%
40%
Baltimore American
1
Fund—
2%
6%
7%
Bankers St Shippers
Boston
100
47%
A
7.40
2
31.34
34.35
A—2
6.06
New fork Stocks Inc—
8.24
6.92
Fund
21%
Insurance Companies
rav
15.28
—
.1
-1
Fundamental Trust shares
19%
48
-
Seaboard Ry common
Preferred
7.78
1.75
Fundamental Investors Inc
61
30
St Louis & San Francisco corn-
98%
Low priced bond series
Low priced stock common-
1.59
10
75
29
59
com
Preferred
96%
Aetna
shares
Industrial
W'»
40%
73
27
100
preferred
Preferred
Francisco—
San
Sc
1st 50-year 4s
Securities—
National Security Series—
Bond scales
#
8.05
Inc.
Trust
2d
National Investors Corp,
* 73
62
23.35
Corp.
Mutual
St
16.11
Investors
Nation-Wide
148
7.10
—
Financial Industrial Fund,
First
70
15.02
-
Fund—
Fund
5%
Denver
1st 3-4s income
68%
38%
•
Common
94
2018
4V2s
29.41
13.97
Mass
Eaton Sc
Boston
105%
92
Grande-
Rio
Income
26%
66 %
—
Preferred stock scries;
Dividend Shares.
Fidelity
103 »/2
2019
10.90
Fund...—1
Mutual Invest Fund Inc.
..10
34.81
.281
D'»... L
First
Preferred
Chicago Rock Island Sc Pacific—
1994
—
24%
Common
51.80
..10c
Mass Investors Trust
4.40
32.37
21.60
Diversified Trustee- Sharea—
-Stock
84%
—
Chicago Milw St Paul Sc Paclflo
Manhattan Bond Fund Inc—
U-flfr
Delaware Fun<L..,. ■——I
/
82%
4%s
74%
121.00
Knickerbocker
-t
11.70
12.66
Securities com—100 3,030
3,130
v." ' Preferred
2019
income
101
8.34
-
110.29
Fund—
chemical
A Christiana
income 4,/2s B
Denver &
7.45
6-4
-
Common
■'M Canadian
99
ist 4s
16.30
8-2
8-3
Series
8V2
106
97
Conv
17.84
14.80
8eries
7%
104
Chicago Rock Island Sc Pacific¬
2i;30
19.41
Series
14.49
105.88
America-
of
Tr
10.65
!-}———iii——-
4.65
Stocks
1994
2019
Gen
32.27
Series
A Common
Bond
28.46
29.47
13.36
Bankers Nat Investing
,;r
B-l
B-2-
Ask
99
72%
4%s
72
income 4%s A
1st 4s
Series
33%
Bid
Ry 1st 4s
Income
96
70
Gen
29.81
Series
6.29
5.75
32%
94
2003
4V2s
and if issued)
Chicago Milw St Paul Sc Pacific
Ask
Keystone CustCtan Funds—
10.21
9.31
B14
Far
Ask
Bid
rsr
/'JO,
Aeronautical Securities—
2nd
as
Ask
Seaboard
Chic Indianapolis & Louisville—
1st 4s
1983
13.28
Automobile
Fire
7%
5%
(Detroit)-.10
36
39
10
Casualty
Amsterdam
New
——LI
12%
56
59
6%
2
7%
•
20
172
182
2
30
32
Casualty
,9.62
New Brunswick
16.05
80%
26
84%
10
28%
31
New
Hampshire Fire
10
46
48%
New
14.59
8.75
14.62
Agriculture
Casualty..
York
685
660
5
13%
14%
2.50
23%
24%
5
6%
7%
12.50
87%
91%
100%
Fire
Aviation
Bank
11.19
12.30
Camden Fire
0
22%
24%
North
Building suopl'y
10.26
11.28
City of New York
10
20%
22%
Northeastern
Business
14.53
15.96
Connecticut General Life
10
64%
66L%
Northern
10.08
11.08
Continental Casualty
Crum Sc Forster Inc
8
52%
55%
"
Capital Corp—
42.74
45.96
General Investors Trust
6.22
6.29
General
1
,
v
F
■:
/
—
shares
—
Electrical Equipment——
Food shares
.
Administered
Fully
bond
General
Diversified Investment Fund
Diversified
9.86
Electrical
shares—
shares
...
6.18
11.32
Employers Reinsurance
11.56
12.70
Federal
14.62
Fidelity Sc Deposit of Md
20
8.28
9.11
Railroad equipment
9.71
10.67
Steel
8.42
9.26
Fire
24%
St Paul
12%
70%
61%
Seaboard Surety
10
Security New Haven
33%
Glens Falls Fire
6
49%
52%
SpringHeld Fire & Marine
10
25
Globe St Republic
Globe & Rutgers Fire
8
9%
10%
Standard Accident
15
26%
28%
Travelers
9.47
Series 1956
1
3.24
Mining shares
5.72
6.30
Petroleum
15
20
6.39
7.03
Putnam
1
16.33
17.56
2nd
preferred
3.88
4.28
Republic Invest Fund
Great
American
5.69
6.26
Scudder, Stevens & Clark
'6.47
7.12
Railroad
RR
shares
Bond
Equipment shares
Railroad
stock
-
shares
shares
Steel
Tobacco
AHuron Holding Corp.——
1
5.59
6.15
5.81
Standard
Common
55c
1.72
8
29.83
32.08
•
2.63
2.96
Aviation
Group shares.,
k
Fund
—
16.14
94c
1.09
Stock and Bond Group sharesof America
10
L-;> Investment Co
Investors Fund O
1
28%
108
U S
C
8.79
34.21
ABlair
&
16.48
AFirst
Boston
8.98
9.82
American
Tel
25.62
Arxansas
Pow
Bethlehem
19.30
,1
19.49
Tel. 2%s__1975
&
&
Steel
Lt
3V8S__1»74
2%s
1975
1974
Birmingham Electric 3s
Cent Vt Pub Serv 2%s
21.26
100%
105%
101
102
1
._
5%
10
1975
99%
1974
101 %
1965
104%
99%
100 %
44%
47 %
Northern
'
-1/
98%
Texas
99%
2000
98 %
103 %
104%
99 %
100 %
2%s
Jan.
1.
Bid
:
102
103
100
Pub
Serv
Ask
96%
Lt
&
&
101%
102%
Hecht
104 %
104%
99%
100%
1975
100%
101%
Tel
3s
Par
Cork 3%%
Co
1975
102%
101 %
102
Narragansett Elec
105%
106%
Union
3s
1974
,
103
Oil
104
r,
100
J)
(Cal»
97 %
98%
100
3%%
Reynolds (R J) Tob 3.60
Ruppert (Jacob) 4%
(J
103%
9
3%
Newberry
97%
100%
Light 2%s. 1975
103%
104%
99%
100
100
$3.75
99%
100
101
100 %
•
100%
*
Other
1956-1946
3'/aS. 1974
Pacific Ry 3%s__. .1985
.1975
Service 2%s
Armstrong
102%
1965
3%s
Lt
Monongahela Power 3s
Aik
Federal Land Bank Bonds—
102%
Mountain States Power 3S..1975
Obligations Of Governmental Agencies
"3S
99%
102%
102%
:—
Preferred Stocks—
Minnesota Pow & Lt 3%S—1975
Laclede Gas
Bid
99%
102%
Power
Western
99%
1974
3%s.l980
Kings County Lighting 3 yas_1975
Pow
Kans Okla & Gulf Ry
97%
101%
1986
C
&
101
1961
A
B.
series
Texas
96%
.1975
3s
.1996
series
Sou'western
Ry—
3%s
Lt &
104%
Texas Elec
1990
Houston
Page 1531
101%
series
3%s
100%
101
RR—
2%s
104%
1953
Great
2%s
100%
104%
.1975
Pow
Pacific
Ask
.1975
3%s
Co
Carolina
3%s
107%
Power
3'/as
FOR NEW YORK CITY BANKS & TRUST COS.—See
36%
3%s_. 1975
3%s
(Indiana)
Southern
103%
Erie RR 2s
5%
-
Reading
Elec
Gen
Serv
South
1975
Light & Power 3s
Consumers
Corp
54%
79%
34%
Bid
Pub
100%
105
100%
Eastern Gas & Fuel 3%s
Co
52
76%
4
Portland
23.44
Corporations
16.95
43%
10
Ask
Bonds—
Conn
16.10
41%
Security Issues
Bid
Investment Banking
31.47
39%
582
567
2.50
Guarantee
Westchester Fire
9.61
-15.47
35%,
120
36%
100
U S Fire
112%
Recent
22.90
Union Preferred Stock Fund
U S El Lt & Pwr Shares A
1.21
10
24.82
A
1.09
•
Fire—
1.05
24.07
20.95
series
—.10
,
7.77
17.69
99c
10
Hartford
61
B
Wellington Fund
_.
32%
54,'/.
115
Fidelity Sc Guaranty Co._2
30%
30%
o
U S
92
;
,
77c
58
Unicn Common Stock Fund B
Ltd—
Bank Group shares
/ insurance Group shares
Bond
88
15
& Marine
14.45
7.10
70c
Series
1.88
Independence Trust Shares
Securities
13.26
1
10c
State Street Investment Corp
Trusteed Industry Shares
25o
67c
Incorporated investors
Institutional
2%
Utilities
Series
10c
;
109.32
com
Hanover
Selected Amer Shares
Inc
Fund
4.54
107.16
Sovereign Investors
6.97
Union
Foundation
Income
4.13
•
6.34
—
1
Inc
5.28
-
shares
shares
Utility
Fund,
Fund
I
7%
73%
50%
19 %
6
General Reinsurance Corp
Gibraltar Fire St Marine
shares—
Trading
23%
"
6
56%
8.62
&
30
21%
22 %
3.52
(Geo)
26%
10
(NY)
Fire
6
Fire
1
'
2
10
Corp
(Texas)
Republic
10
Franklin
Series 1955
Trust
Reinsurance
(Paul)
8.86
Amer
10
Revere
8.06
-
38%
Providence-Washington
53%
14%
—
North
107
166
61%
9.35
—
14%
36
49%
158
101%
10.05
shares
12%
13%
11.02
Petroleum
90%
8
Preferred Accident
97%
Merchandise shares——
.
63
86%
58%
9.15
Price Shares
58%
10
6
8.51
Low
10
63
10
Newark..-
10.50
——
26
10
of
Industrial Machinery shares—
Investing
Fire
Indemnity Co
Phoenix
10
Firemen's
institutional bond shares—
'
.
Pacific
40
Fire Assn of Phila
12.05
8.28
II
Railroad
•
Fireman's Fd of San Fran
9.11
10.97
10.08
31
37%
io
13.31
9.21
9.17
10.76
Metals
6.80
8.38
Employees Group
Machinery
13.61
29
10
16.84
11.51
stock
River
Pacific
14.20
15.34
10.47
Speculative
equipment
Insurance
7.25
12.40
12.93
Merchandising
10.94
6.59
Chemical shares..—
,
9.33
8.75
8.97
9.99
Building shares
,
8.49
7.96
Agricultural shares
Automobile shares
"
Aviation
Equipment
Chemical
if Group Securities—
;
stock
Issues
100.19
100.22
U S
.—1946
100.19
100.22
May 1, 1956-1946—..;—.
l'/as Oct 1, 1950-1948
101.16
101.19
U S Conversion 3s.
—1947
103.8
103.12
100%
100%
Panama Canal 3s
.—1961
2%s
132%
133%
103%
103 U
3s
Feb.
I. 1955-1953
Conversion
3s
United States Treasury
Rate* quoted
are
Ask*'
Bid
Bid
1945..
October
Figures after decimal point represent one
or more 32ds
''
Maturity—
Int. Rate
{Dec. 15, 1945.
%%
Rid
100
4ek
100.3
t%8 Oct, 1, 1945
t%s Dec. 1, 1945
t0.90s Jan. 1, 1946
;t%s Feb. 1, 1946..
{Mar 13.
1943.
tD-c
1946..
lVif.
100.21
100.22
i%%
100.11
100.12
15.
1
%
100.2:
—l %%
100.28
100.29
tSept.
—1%%
100.14
100.15
—_i%%
100.311
101
15,
1947,
tSept. 15. 1948—
MaturityCertificates
tMar 15 1947__
tSept. 15. 1947
October
Bid
Ask
.0254-
.0345
,0212
.0279
.0226
.0309
-t%s March 1,. 1946
-Hiu—i.0224
t%s April 1, 1946
*%s May 1, 1946
*%s June 1, 1946
1.09% July 1, 1946
t%s Aug 1, 1946
'..0259
.0375
.0228
December
b0.375
1945—
0.35%
b0.375
T—
0.35%
1945——
b0.375
0.35%
20, 1945——
December 27, 1945
bO.375
0.35%
13,
December
0.33%
b0.375 0.35%
.0203
.0369
.0225
-.0407
t%s Sept. 1, 1946.
.0049
.0248
a
•
,0323
.0516
Odd lot
sales,
b Yield price,
c
1945, of Doehler Die
Result of the merger, effective Jan. 1,
Casting Co. with the W. B. Jarvis Co.
d Deferred delivery,
e Ex-interest,
f Flat price,
k. Removed
Stock Exchange,
r Canadian market.
sCash sale—not included in range for year, t Ex-stock
to
.0361
.0368
b0.375
1945
December 6f 1945
0.32%'
bO.375' 0.33%
8,
29,
0.32%
b0.375
0.34%
.0354
.0270
.
November
b0.375
1945—
November
Dollar Price 100 Fins
of Indebtedness—
25
November 1, 1945
-
100.1
b0.375-0.32%
11,
18,
October
of a' point
1945
1945
4,
October
0.33%
b0.375
1945
November 23, 1945
b0.375 0.28%
Ask
b0.375
November 15;
Treasury bills-
Quotations For U. S. Treasury Notes
Bills
ftdt-discount at purchase
dividend.;
g
share
x
Ex-dividend,
Formerly Coleman
of
old
common
y
Ex-rights,
z Ex-due
reclassified
into
•
of
one-fifth
apd four shares of hew $5 par common stock.
*\£
bills.
Lamp & Stove. Co.; change
stock
1
•>
♦
name
share of
•
—
approved
new
/
J ^
• ••
June
12,
1945
and
*
each
4%%, $50 par preferred stock
'»
■
*No par value,
tin default.
{These bonds are subject to all Federal taxes.
furnished by sponsor or issuer. '.v-f?--:'.---^
,
r-. /
A Quotations not
—
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4425
yolume 162
1549
Week Ended
THE COURSE OF BANK
CLEARINGS
$
show an increase compared ""with a year ago.
Bank clearings this week ^U1
Third
above those for the corresponding
total
week in 1944.
I Our comparative
$11,060,964,849, against $10,529,345,224 for the same
at
stands
Our preliminary
week last year.
gain for the week ended Friday of 8.5%.
At this center there is a
+
529,000,000
+
Wilkes-Barre
277,135,766
+
Ohio—Canton
Ban Francisco
Cleveland
Columbus
,
156,848,834
+
7.9
2.7
Youngstown_.
249,877,000
+
208,194,794
228,513,216
—
Pittsburgh
—
'
'»
Cleveland
165,709,879
182,356,921
—
—
"<
116,220,047
$7,006,119,375
1,810,518,685
1,478,297,640
$9,217,470,708
$8,484,417,015
1,843,494,141
2,044,928,209
1,557,912
556,000,000
1,229,976
-"'1,206,775
2,590,505
2,170,984
1,710,116
1,015,089
1,320,996
5.2
1,577,184
1,682,355
—52.2
3,766,700
2,340,60<>
—'
""
568,199,403
731,190,392
,
8.9
Total
98,972,78?
241,547,169
—' 9.7
16,614,600
203,604,243
12,382,706
2,422,39$
707,211,789
—
v
+
34
+
7.6
3,525,818
19.6
291,485,010
7.4
694,045,260
'
■
■
242,875,574
(7 cities)
135,410,488
3.1
22,252,600
2,915,079
3,832,556
302,230,126
V
"
4,118,507
Pennsylvania—Pittsburgh——
3.3
2,520,094
3,108,315
+ 13.2
124,998,322
247,117,593
3,006,865
—
-^9.8
3,865,513
r
*
123,602,938
$7,406,952,023
Baltimore—
716,000,000
+ 41.8
-695404,006,.
20,095,300
v
Mansfield—*
+
■
:<
—
•8,653,900
239j557,960
147,100,000
258,155,000
.
416,49$
1.9
4 23.1
1,659,783
"3;835,571
141,513,192
'
169,290,112,
—
I
__
Cincinnati
151,000,000
City
St. Louis
.2,605,441'
Total <10* «fties)L-w-uJL»L-L;; ^ .''678,82848
1.0
*280,000,000
Boston.
Kansas
I
1,379,701
872,766
5.6
+
—
rii. 1,342,394
3,573,943
4,136400
'
1,597,175
>
+ 11.0
1,590,109
675,000,000
1,691,991
York
1.5
537,000,000
Philadelphia
.
T,678,420
429,994
434,974
,
7.1
—
—19.9
-Fourth Federal Reserve District—Cleveland—
3.1
416,585,705
849,068
662,000,000
Scranton-
•8.5
+
$4,695,098,995
429,334,451
i—
$
-*
r
$5,092,047,740
New York
Chicago
•
New Jersey—Trenton—
1944
,
'679;98o
■»1,878,054
'
3,207.173
1,903,233
,
+ 18.6
488,011
1,283,309
; ;
Lancaster
-.
-
1,192 692
-
Philadelphia——
■~r'%Reading
.
1945
;
Chester--i-w_--_.___
Clearings—Returns by Telegraph
.
Week Ending Sept. 29
578,591
Bethlehem
^
for the week follows:, ;
summary
1942
$
■
District— Philadelphia-
Pennsylvania—AJtoona
indicate that for the week ended Saturday, Sept. 29, clearings
for all cities of the United States from which it is possible to obtain weekly clearings"
cities of the country,
will be 5.0%
Reserve
,
1943
or
Dec. %
,-v::
telegraphic advices from the chief
•Preliminary figures compiled by us, based upon
Federal
Sept. 22
Inc.
1944
655,002,969
.
2,353,860
2,559,716
271,679,184
9.1
6.0
Fifth Federal Reserve District—RichmondTen
cities, five days
Other cities, five
days
Total all cities,
»
—„
^
five days
All cities, one day
Total all cities for week
West
+ 22.5
South
6,387,000
Carolina—Charleston
6,936,000
104,160,481
101,309,544
2,355,866
164,816,201
49,846,391
6,233,000
6,522,0OC
96,123,031
85,040,321 t
—
'
2,581,044
180,816,201
+
2,422,818
172,069,362
41,076,705
:
Maryland—Baltimore
District of Columbia—Washington*
778,4ol
.1,M6,157
1,483,000
,
Richmond
9.a
—
Virginia—Huntington
Virginia—Norfolk
8.6
+
—
,,+
2,486,521
'
"
Total
(6 cities)—
345,048,939
;
♦Estimated.
"
250,424,46$
316,043,011
B.5
■+
318,115,419
>
124,052,06';
"'31,345,14:
643
5.0
+
£31,060,964,849 $10,529,345,224
;
5.7
+
;ciiiilk
..
Complete and exact details for the week covered by the
in
and the Saturday figures are not available at time of
ends Saturday
Sixth
foregoing will appear
We cannot furnish them today, in as much as the
issue of next week.
our
week
going to press.
Accordingly, in the above the last day of the week in all cases has to
Federal
Reserve District—Atlanta—
Tennessee—Knoxville
/
:
15,323,037
42,700,525
155,800,000
2,404,809
-
;
Macon
statement, however, which we present further below,
previous—the week
the aggregate of
clearings for the whole country having amounted to $12,260,529,081 against $10,586,430,872 in the same week in 1944.
Outside of this city there was a gain of 3.7%,
the bank clearings at this .center having recorded an increase of 26.0%.
We group
the cities according to the Federal Reserve Districts in which they are located and
from this it appears that in the New York District (including this city) the totals
'show an expansion of 26.3% but in the Boston Reserve District the totals show a
contraction of 0.2% and in the Philadelphia Reserve District of 2.4%.
In the Clevewe
jland
For that week there was an increase of 15.8%,
Sept. 22.
Total
the Kansas City Reserve
the St.
In
increase of 10.9%, in the Dallas Reserve
its credit an improvement of 11.9%,.
2.6% and the Minneapolis Reserve
Louis Reserve District of
District there is an
District of 1.5% and in the
San Francisco Reserve District
following we furnish a summary by
462,610,077
Districts
Reserve
Federal
12 cities
1st
Boston
2d
New
3d
Philadelphia
12
York
Federal Reserve
Seventh
South
-
'
678,828,186
"
655,002,969
7.4
+ 8.5
+ 7.4
6
"
345,048,939
"
462,610,077
—
17
"
698,604,422
624,511,176
+11.9
Louis—
4
"
349,768,820
+
I
7
"
289,845,947
10
"
339,638,410
6
"
176,572,719
173,940,5^0
+
10
"
600,421,112
586,950,068
+
Minneapolis
10th Kansas
City
11th Dallas
-
Francisco
0.2th San
Total
2.6
+ 20.0
+ 10.9
341,017,471
241,478,669
306,271,591
12,260.529,081
10,586,430,872
5,223,265,956
311 cities
.
Outside New York City
5,038,419,703
Haute
Des
Decatur
"
8,234,050
•38,544,139
15,520,696
>
t
> i
•+10.3
15,132,610
V"
+ 20.5
7,111,107
,
l,669,118
..
'11,495,92',
,5,544,178
mSg-«s;g£
490,422,606
1.0
5.3
+ 11.9
612,771,095
612^771,095.
2,260,761
—
624,511,176
5.
—2,417,304
'1,508,99+
1,373,969
4,844,538
'2,042,813
1,928,-488
—
7,362,314
(17 cities)—
9,942,38H
^8^94,74?
2,890,208
698,604,422
:
1.6
+
1,663,102
'
168
34,199,293
3,082,920
14,077,297
7,307,682
512,691
2,140,492
—
'2,592,54:
^
4,339,043
.
,
Chicago—
M28
31,542,000
iV8,804,405
~
- ?
524,337
556,251,925
': 1,647,361
Illinois—Bloomingtbn
8.1
+
-
.^,*66,55:
>
>
^1997.511
:■
1,783,20
5^0,990,80:
:,
Eighth Federal Reserve District—St. Louis.
Missouri—St.
250,224,466
323,072,382
510,990,802
264,882,804
178,815,028
1.5
170,392,117
572,281,288
Total
209,700,000
75,062,688
55,098,783
1,156,000
Cities)
'
-
349,768,820
'
341,017,471
199,300,000
,900,00+
760,12::
SS
,403,68
.
819,006
; i,08o,ooo
Ninth Federal Reserve District—Minneapolis—
St.
South
176,371,695
51,720,943
53,935,958
4,039,852
2,402,322
1,864,633
5,175,822
3,289,012
1,752,332
1,751,245
+ 22.8
3,047,935
1,564,287
1,393,238
289,845,947
241,478,669
a
-
Dakota—Pargo
Dakota—Aberdeen
-,
Montana—Billings
*
Helena
8,501,672,771
4,055,909,057
4,136,033
77.4
+ 16.0
4,689,731
117,272,655
62,551,650
...
Paul
North
+ 22.8
5,769,766
—208.041,902
Minneapolis
481,262,719
10,215,073,388
5,054,666,618
(4
Minnesota—Duluth
116,705,619
2.3
85,390,258
48,703,876
974,686
214,700,000
Louis
Kentucky—Louisville
Tennessee—Memphis
Illinois—Quincy
246,766,808
+15.8
3.7
1
*
City
733,121'
'3,293,492
■
3,131,195
Moines
Sioux
^418
4,742,607
2,765,769
11,265,292
39,104,976
Springfield
316,520,524
+
—
580,645
5,285,986
6,240,424
3,662,260
2,745,212
.34,358,000
Iowa—Cedar Rapids
391,979,753
4,573,591,869
568,199,403
594,181,118
694,045,260
318,043,011
432,477,110
612,771,095
338,421,613
243,304,812
—
323,072,382
f "
•
1942
446,280,077
5,339,436,089
731,100,392
10
Atfenta
7th Chicago
9th
"
7
0.2
+26.3
— 2.4
—
5th Richmond
6th SC."
10
....
..
,
—;
Peoria—
1943
$
—
682,460
Bend
Terre
'
Wisconsin—Milwaukee
Total
439,267,895
5,721,796,388
695,164,006
253,14('
80,827.54C
.'VVv-r
District—Chicago—
'
Michigan—Ann Arbor
Grand Rapids—
Lansing,
Indiana—Fort Wayne
Indianapolis
of 2.3%.
707,211,789
318,115,419
430,705,850
4th Cleveland
6th
"
438,571,751
7,225,615,729
312,944
7.4
.4.-
District of 20.0%.
Inc. or
Dec. %
33,816,27<'
43,260,55'
5,076,61(
108,103,778
2.9
+
430,705,850
(10 cities)
•
16.9
+
.98,804,820
*1,750,001
2,725,207
49,693,745
56,139,995
'
4,670,657
■
Federal Reserve Districts:
1944
8
1945
$
—10.2
281,337
5,990,18::
33,353,47'.
115,500,00(
M2,244,59!
2,682,793
;t4;
'+17,5
5,162,027
338,579
'
-
•
OF BANK CLEARINGS
SUMMARY
Week Ended Sept. 22—
.58,126,713
.
+ 5.9
+10.8
" 101,655,811
Rockford——
In the
0.8
50,232,818
.
4,633,297
~
Ijouisiana—New Orleans
larger by 8.5% and in the Atlanta
are
Chicago Reserve District has to
The
Mobile
totals are smaller by 7.4%, but in the Richmond Reserve
Reserve District by 7.4%.
Reserve District the
District the totals
68,279,851
Mississippi—Vicksburg
152,100,000
45,648,319
7.1
2,423.655
1,793,676
a
y
*1,900,000
55,642,440
final and complete results for the week
able to give the
are
ended
Florida—Jacksonville
Alabama—Birmingham—.
In the elaborate detailed
16,399,672
'
9.1
166,900,000
Augusta
:
6.6
46,606,293
Nas-hville.
Georgia—Atlanta
be estimated.
; +.A
14,306,239
+
+ 37.1
6.5
+
8.3
123.371.69J
•A 39,693,0
3,107,0
IV
243,304,812
+
;r.'
...
(7 cities)
Total
1,445,]
•
•
-
5,070,681
+ 20.0
4,777,736
4,528,13(
k-
<
178,815,0
;
We
add
now
our
week ended Sept. 22
detailed statement showing the figures for each
city for the
City-
Tenth Federal Reserve District—Kansas
for four years.
"
1S45
$
Clearings at—
-First Federal
Reserve
373,523,168
1,235,499
River
1,601,818
-
Springfield
Worcester——
-
New
Rhode
New
Haven-
.
-
<652,561
l,C98f263
+16.5
+-21.5
4,297,116
2,936,629
3,409,896
,2;469,429
+ 11.2
17,514,328
-5,375,321
21,724,800
14,692,186
5,755,108
18,096,700
3.8
5,292,641
+17.6
19,097,400
+ 20.4
685,793
"
694,727
—
—
0:2
6,944,156
1,570,756
:
.
1,305,865
69,380,000
72,600,000
+27.2
+ 20.3
4.4
Elmira-——
1,435,841
955,412
+ 50.3
Jamestown-—
1,117,582
1,594,731
—29.9
5,547,011,169
+26.9
7,037,263,125
-New York-
1
11,421,000
Connecticut—Stamford
New
•
29,350,756'
cities)
+
4.8
-6,690,635
1.4
8,132,725
+
+10.3
24,375,730
+20.4
7,640,670
1,145,133
70,044,000
47,300,000
869,837
935,781
1,000,224
1,060,379
5,160,406,770 v 4,445,763,714
10,760,927
8,629,183
+22.0
520,455
-
14,926,722
1,365,748
"
' 673,572
25,526,919
5,345,303
6,059,450
266,649
\ , 20,387,403
49,482,175
Northern New Jersey—
(12
8,111,636
574,274
Jersey—Montclair.
b Newark
Total
'5,718,104
8,221,772
.
Syracuse--
10,898,808
6,962,108
,
'460,460
391,979,753
<
•
1
1
I
City
.St. Joseph
Colorado—Colorado Springs
Pueblo—.
:
40,760,322
+21.4
39,039,010
28,458,204
7,225,615,729
5,721,796,388
+26.3
5,339,436,089
4,573,591,869
71,168,825
+19.5
2,326,284
+48.4
3,467,721
8,933;407
—15.2
6,993,557
214,498,928
-
212,382,165.
5,711,844 t
7,256,932
1,545,142
972,031
—
—
.....
;
.
4,023,016
833,448
306,271,591
339,638,410
(10 cities)
.
3
+-7.9
+ 27.1
.
+.51.0
+16.6
.3,580,820
i 52,218,821
? 2,180,642
+• 4,893,559
178,983,043
6,035,944
-.
1,016,409
if
.
.
316,520.524
+10.9
3,805,144
979,031
"
839,555
•
-
f
.
939,346
246
■
District—Dallas—
Eleventh Federal Reserve
Texas—Austin
Z.
—
3,569,000
1:767,908
Galveston
Wichita Falls
(6 cities)—.
Yakima——^.—:—
—W
Lake City
California—Long Beach
Utah—Salt
—.,-
Pasadena-*-—
Francisco
—
—.
San Jose
Santa Barbara—
—™
Total
..
'173,940,550
Francisco—
95;481,058
3,718,163
86,510,630
•
34,909,081
V -:'W'8,040;699
F .5,253,956
351,772,060
;7,319,558
/ 2,415,969
v
Oregon—Portland
'
.
;.
,
t
♦«*.
+10.5
+19,5
+11.3
+
♦Estimated.
—-
ino
*
15
V,-A,786,930
2,735,000
1,090,139
170,392,117
,
,
6.8
116,705,619
■.
12,260,529,081
>
5,223,265,956
•
02,071,^21
3,440,021
86,939,837
-
—
—
0.5
u.o
*2,436,132
85.808,847
.
.
80,867,975
? 34,269,070
+13.7
:
—1O.0
5,751,344
8,715,506
3,572,061
311,117,000
5,963,948
5,963,948
-'-
4,090,558 ii ; + 28.4
335,448,000+ 4.9
' 7,564,566
3.2
2,689,241
—10.2
"
5,252,634
— 6.8
+■
2,272,655
260,841,000
^4,059,527
'; 1,006,335
4,379,981
+
,4.179.245
572,281,288
2.3
481,262,719
f"'
10,586,430,872
5,038,419,703
27,957,185
•
?
586,950,068
:
+;
103,213,802
30,696,716
8.932,499
04>573*551
5,149,081
'
.
-
<
10,855,969
2,928,728
n
2,658 030
.
^
13,672,033
3,764,000
1,478,924
+ 27.0
2
.
600,421,112
(111 cities).
t At
+ 20.5
vi
Grand Total
Tin
143i727|392
>
•
....
"Si.
(10 cities).
Outside New York—.
2.600,687
'-/» A
—
102,407,289
.
♦5,000,000
^
Stockton.
'
'176,572,719
—
Washington-^—Seattle^..—
San
15,029,204
4,434,300
1V467.169
5,439,591
6,052,895
Lou isiana—Shreveport——
Total
nwo nnn
.16,612,658
*
■
WUH
*' 4,134,258
*
Worth—III—Z—Z—
Port
Twelfth Federal Reserve District—San
8,836,340
-
Buffalo
Rochester
630,018
44G,280,077
1.3
439,267,895
District—New York—
York—Albany
Missouri—Kansas
596,818
829,084
+
22,999,500
'438,571,751
(12 Cities)
Binghamton—
f
L-,.-
Kampshife—Manchester--
Second Federal Reserve
New
2,503,759
17,314,390
+19.1
' *
202,283
7,571,534
229,146,662
Omaha
Total
+.11.6
4,342,163
79,123,964
—
Kansas—Topeka
599,007
4,035,223
339,278,269
*857,573
8.0
+ 2.5
+19.7
+
3,686,944
4,115,065
85,047,958
3,452,751
Lincoln-;
$
1,097,109
3,977,555
385,991,992
984,385
+ 38.8.
6,224,667
——
—
Island—Providence
Total
3,915,836
3,041,674
19,252,654
Connecticut—Ilartford
:
420,452
1,344,816
436,463
-
—
-
New Bedford-
,
748,059
3;677,620
383,215,868
1,032,327
4,560,532
-Lowell
$
Dec. cio
1942
Wichita
1,037,913
3,972,070
-
—-
Massachusetts—Boston
Fall
$
1943
Inc. or
—20.0
365,721
Hastings
District—Boston—
Maine—Bangor
Portland
1944
Sept. 22
205,661
164,614
Nebraska—Fremont
Week Ended
,
—
:—
+ 15.8
10,215,073,388
8,501,672,77|<
3.7
5,054,666,618
4,055,909,057
+
THE COMMERCIAL &/FINANCIAL CHRONICLE
1550
Monday, October 1, 1945
T
and
Company
Foreign Exchange Rates
Pursuant to the requirements
of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank is now cer¬
the
tifying daily to the Secretary of the Treasury the buying rate for cable transfers in the different countries of
We give below a record for the week just passed:
'•*
FOREIGN
EXCHANGE RATES CERTIFIED BY FEDERAL RES ERVE BANK TO TREASURY UNDER TARIFF ACT OF 1930
world.
-
14.
6%
bonds,
series A
and
series B,
Buying Rate for Cable Transfers in New York
Country and Monetary Unit
Value
s
K
United
Sfcates
Sept. 24
Sept. 22
Sept. 21
Argentina, peso—
in
.297733*
.297733*
.297733*
.297733*
.251247*
.251247*
.251247*
.251247*
.251247*
.060602*
-
3.207123
3.207123
.022883
.022883
.022883
.060602*
.060602*
.051802*
.060602*
.051802*
Canada, dollar—
.051802*
Mayer
Official
.908090
.909090
.909090
.900090
.909090
.909090
.899531
.899196
.899218
.900468
.900390
.899296
.569800*
.569800*
.569800*
4.025000
.020189
57c
peso
.020189
.301215
.301215
.205780
.205780
Pittsburgh,
.909090
.909090
Free
.S090S0
.909090
.909090
.896875
.909090
.896875
.897708
.897916
.896875
.896875
3 220000
pound.
of South Africa,
4.yooo
peso—
3.220000
3.220000
3.220000
3.220000
4.005000
3.220000
pound
Zealand,
Uruguay,
.301215
.205780
.205780
4.005000
4,005000
4.005000
4.005000
.658300*
Controlled
.658300*
.658300*
.*58300*
.658300*
.658300*
.562240*
Noncontrolled
.562660*
.562716*
.562716*
.562716*
.562716*
___
1172
Nov
1
987
Oct
1963
987
1
1172
355
1st mtge. bonds due 1956_Oct
debs, due 1958
Oct
2
1172
1
1395
5y2s
1974
due
1st
mtge.
bonds_Nov
A
ser.
5»/2%
conv.
bonds,
due
1
1396
1
1175
Oct
1
1176
Oct
1
608
Oct
Co.,
1
Oct
Oct
Power
due
1
716
Ltd.—
1956
Corp.
1st
&
St.
mtge.
Louis
RR.
gen.
5s
57c preferred stock
Depot Co. 1st & ref. mtge.
B, due
3'/B%
1971
Stock
Yards
Gas
Co.,
Co.,
preferred
1st
mtge.
1st
mtge.
stock-
4s
due
pipe
Oct
1
1176
Oct
1
818
Oct
1
883
1958_Oct
1
1440
1
1030
1
1213
1951
line
3 >/« %
1956
cumul.
_
Iron
&
income
Steel
Co.—
1st
inow
bonds due
mtge.)
United Gas Corp.. 1st mtge. & collat. trust 3s due
1962__Oct
United Merchants &
Manufacturers, Inc. 5% pf.d. stk.__Oct
University of Illinois, 3 V4 7c Student-Faculty Union Bldg.
bonds
revenue
Oct
Walworth
Co. 1st mtge. 4s due 1955
Windsor Gas Co., Ltd. 1st & ref.
mtge.
I-II I_-Oct
I
5s due
1
1
1966
Nov
Government
Auction Sales
& Co., Boston, on Thursday,
Transacted by R. L. Day
Sept. 20:
Per Share
STOCK
Shares
shares of
Bank
of
the
stock
capital
Lowell
(merged
National Bank as of June
auction
public
Title
12
in
National
Appelton
the
with the Middlesex County
16, 1945) offered for sale at
accordance
Sec.
USC;
of
provisions of
the
with
$32.00
in
$147,000,000
New
York
City and $153,000,000 at all reporting member banks.
Demand deposits adjusted increased $291,000,000 in
New York City, $45,000,000 in the San Francisco District,
$40,000,000 in the Chicago District, and $346,000,000 at all
reporting member banks.
Time deposits increased $43,000,000.
United States Government deposits declined in
all districts.
($10 par)
33
declined
bonds
Statement of Condition of (he 12 Federal
Deposits credited to domestic banks declined $45,000,in the Chicago District, $24,000,000 in the St. Louis
District, and $111,000,000 at all reporting member banks.
Borrowings of reporting member banks declined $127,000,000.
A
Reserve Banks Combined
summary
of the assets and liabilities of reporting
minions
(In
Sept. 19,
;ept. 12,
1944
1945
1945
17,195,065
—
724,033
■ademption fund—F. R. notes..
+
17,919,098
Total reserves—
11,750
—
2,334
235,608
-
Discounts and advances..
Industrial loans
+
120,549
2,981
~
'+
+
+
161,100
1,902,150
+
30,000
Notes
and
977,392
.
2,565,184
+
brokers
and
266,034
dealers
for
(lncl.
U. S. Government
220.169
+
23,610,286
Total loans and securities
23,185,659
+ 340.927
Due lrom foreign banks
W. R. notes of other banks
110
Uncollected items
"6"204
—
1,799,525
Bank premises
Other assets
+
6,684,400
+
7,011,739
26
—
99,309
—474,948
33,837
57,163
43
—
+
43,754,936
1,405
17,414
+
60,891
+
679
—
'243
+
—127,188
6,330,545
+
l.
Deposits:
23,930,076
U.B. Treasurer—gen. acct...
j
—
46,298
+
3,843,092
15,273,574
961,215
1,050,710
455,681
—278,639
+
1,918,586
«.
Member bank—reserve acct..
Foreign
Other
+
533,691
—
33,787
+
477,805
211,636
—
Other loans for purchasing or carrying:
+
14,897
+
91,065
+
236,162
+
2,275,820
—319,111
+
Deferred availability items
Other llabs., lncl. accrd. dlvs
10,816
Total liabilities
53
+
U. S. Government
6,243,083
Capital Accounts!--
.
Capital paid in
■urplus (Section 7)
Surplus (Section 13b)
172,094
228,153
_
127,771
Total liabilities & cap. accts._
F. R.
note
res.
43,754,936
182
+
+
568
+
75*
+
256
399
+
3
1,061
+
3
+
21
114
1,468
;
Treasury certificates of indebtedness
make
Other securities
:
43.0%
4,374
'+
1,897
+
5,172
11
+
387
148
+
1,105
13
+
2,204
—
+
200
~ l"824
+
34,985
—127,188
+
6,330,545
+
—
—
.2 7o
251
—
—
9.5%
172
Condition Statement of Member Banks
The condition statement
hanks
of
the
Federal
of weekly reporting member
Reserve System in 101
following principal changes for the week
ended Sept. 19: Decreases of
$350,000,000 in holdings of
united States Government,
obligations and $497,000,000
of
v
United
States
Government deposits, and an increase
$346,000,000 in demand deposits adjusted.
Loans to brokers and dealers for
purchasing or carry-
JSn iin1
States Government obligations increased $58,?^er l°ans f°r the same purpose declined
nn«
$102,000,000; loans to brokers and dealers for purchasing
or carrying other
securities increased $75,000,000.
All
of these
changes
were
largely in New York City.
Holdings of Treasury bills increased $167,000,000 in
New York
City and declined in nearly all other districts;
aS£rease at all reporting member banks was only
$16,000,000.
Holdings of Treasury certificates of indebt¬
edness declined $127,000,000 and
holdings of Treasury
notes declined $54,000,000.
Holdings of United States
-
77
+
+ 346
9,107
3,495
+
1,893
+
514
—497
Chatco
Steel
■
demand
to
and
due
S.
Gov't
REDEMPTION
Date
Page
Co.—
due
1S62_
Oct
15
1274
25-year
3%
debentures
due
1969
Oct
15
1274
Oct
1
980
22
*
1st
mtge. 3s due 1974
1st & consol. mtge.
3 %s
Oct
—
5%
!
Oct
1
132
Oct
1
132
Oct
1
132
_„_Nov 10
Curtis Publishing Co., 15-yr. 3% debentures due l955___Oct
Danville Traction & Power Co. 1st mtge. 5s due 1951_Oct
Distribution
due
Terminal
Warehouse
Co.,
5%
mtge.
due
"A,"
bonds
15
1
982
1
3168
1962_Nov
I
1390
Light Corp., 5% debentures due 2030__0ct
Players Canadian Corp., Ltd., 4%%
series
1
983
St.
Ry.
gen.
mtge.
"B"
due
and
1951
"C"
1st
_2____
mtge.
&
Power
Co.
first
4s due
collateral
.
due
57c
25-yr.
—Oct
due
1276
Oct
8
1389
1
3V2%
981
debentures
1
780
Nov
1389
Nov
1969
1389
Nov
1389
Nov
^
Cuban
Telep. Co. 5 7o 1st mtge. conv. bonds due 1951
Empire Sheet & Tin Plate Co. 1st mtge. conv. 6s
1389
Jan
1948
'46
7
Oct
568
Empire Steel Corp., 1st mtge. 6 7c conv; bonds, due 1948_Oct
Brush Co. $7 preferred stock
Oct
353
133
Fuller
General
Outdoor
Advertising Co. class "A"
Great
Northern
Power
Great
Northern
stock
Oct
457
Ry.—
4>/2 7c
Co.
1st
mtge.
due
5s
1950-
Oct
26
mtge. gold bonds, series E, due 1977
July 1, '47
3% 7c gen. mtge. gold bonds, series I, due 1967
Jan. 1, '46
Guantanamo Sugar Co. $8 cumulative preferred stock.-Oct
1
Mfg. Co. 1st mtge. 5s dated 1936
Haytian Corp. of America 5 7c income debentures.
Hoe OR.) & Co., Inc.—•
6V2%
prior preferred stock
u
7 To
preferred
Howes
Bros.
1st
stocks,
1st mtge.
4%
A
ser.
bonds,
and
due
A,
ser.
Utilities
Mfg.
Co.,
Co.
6%
Power
7 7c
7-yr.
collateral
sinking fund
1170
1171
1394
10
1285
Nov
33/4S,
ser.
E,
1
460
Jan. 1,'46
460
Oct
461
6V2S
trust
bonds
1
Oct
988
Nov
&
ref.
mtge.
ref,
mtge.
4V2%
bonds due
preferred stock
mtge. bonds, 4 J/2%
Plan
-1
1964_Oct "15
bonds
&
Corp.
gold
of
gold
notes,
Oct
<
series
due
pfd.
of
ser.
notes,
Dec
Nov
1978
Service Co.—
America
1960
stock,
Oct.
due
1929
988
Oct
series
due
1929
of
ser.
988
Oct
98°
1931
1945
Jan.
&
Oct
July
Jan
of
ser.
Nanaimo-Duncan, Utilities,
1929 due
Ltd.
Apr.,
mtge.
1st
1946
4'As,
Apr
ser.
B
1964
Oct
Nashua Mfg.
Corp.
Co., 1st preferred stock
first preferred stock
1173
Oct
989
Oct
1287
York, Chicago & St. Louis RR.—
Toledo St.
North
Louis & West. RR..
American
Northern
series
B,
due
6%
1st mtge.
preferred
ref.
Ry.
&
ds, due 1950_Oct
stock
improv.
Oct
mtge.
67c
Jan.
&
Light
Co.
4 '/2 7c
debentures
3 V2%
Elec.
bonds,
Co.
series
1st &
due
Oct
mtge.
Inc.—
Service
4'/2s due
Car
Co.
Soconv-Vacuum
1st
mtge. bonds
Oct
New
26
Oct 26
Oct
Oct
26
Nov
1
Southern
3V4%
Co.
debs,
Pacific
Oct
RR.
States
1st
ref.
mtge.
Telephone
Co.
4s
1st
due 1955
mtge. 4>/4s
1211
Co.
1st
mtge.
4s,
ser.
A,
&
due
Pacific Ry.
series
gen.
& ref.
mtge.
57c
bonds,
1980
B
gen.
& ref." mtge.
gold debenture bonds,
States
1
5%
1211
series
1.
bonds,
C
General & ref. mtge. 5 7c
Texas Power & Light Co.—
Upson Co. 7 7c
22
due
___Dec
and
608
Jay. 1, '46
1956
D,
1
Oct
Water
500
1€29
Oct
City
992
1
1
due
—
Springfield
395
due
1968
Southwestern
1968
Telephone
1
Oct 31
Oil
England
395
26
Co., Inc., 2Vb7c debs, due 1955„
Nov
Southern Bell Tel. & Teleg. Co. 3V47c debs, due 1962—1Oct
and
1
Oct
mtge.
Louis
22
1960_Oct
Co. of Indiana,
bonds series B, 3 y2%, due 1971
1st mtge. bonds, series C, 3%%, due
1971
1st mtge. bonds, series D, 3%%, due 1972
1st mtge. bonds, series E, 3V4%, due 1973
Pure Oil Co. 6% preferred stock
Reliance Mfg. Co. of Illinois, 7% preferred stcck____"
1st
27
Oct
1969
ref.
1, '46
due
.___
mtge.
J31?
22
bonds,
2047
Power
—
Portland Gen.
Public
Co.
Pacific
1974
St.
1170
Oct
&
New
1392
Sep 30
2003
due
1
Dec
B
ser.
Light Co.—
57c bonds due 1955
Nehi
6
Sep, 30
pfd.
Unified mtge. 4% bonds due 1960
Merchants Ice & Cold Storage Co. 1st mtge.
Mexican
1170
Oct
Dec
stock
Co.
Lane Bryant, Inc., 7%
preferred stock
Louisville & Nashville RR. 1st & ref. mtge.
due
.#
gen.
Hamilton
United
1390
1166
13
debenture
1966
due
67c
24
1166
15
Oct
A
1
Oct
1970
1936
Texas & Pacific Ry.
trust
1388
mortgage bonds—
1939
Texas
Oct
Massachusetts
Oct
1389
1st mtge. 3*/2s
___
Electric Power &
Famous
982
Oct
Missabe & Iron Range Ry.
1962
Eastern
1
bonds
1956
Duluth,
668
10
1955
conv.
1936
19b6
pfd. stock
conv.
15-yr.
of
Southern
Co.—
mtge. 5Va% s.f. gold bonds, series A
mtge. 5% s.f. gold bonds, series B
mtge. 4'/2% s.f. gold bonds, series C
Collins & Aikman Corp.,
Corp.,
of
First
debentures
1st
Oct
1955
15
Oct
Pennsylvania
3%
1st
Corp.,
of
Page
20-year
'1st
due
5s
due
1946
ctfs. due
1388
1388
Oct
Oct
Collateral gold notes,
Company and Issue—
Terminals
Electric
Oil
Collateral
134
Union
&
Collateral
1
Cleveland
stock
1952
series
Morris
Georgia, Southern & Florida Ry., 5% debs, dated 1924—Oct
Co.
1164
Oct
1st
1389
Light
1276
Nov
Oct
mtge.
B,
series
Minnesota
19
——
1st
series
series
Milton
Oct
1966
Ltd.
3 y2 %
108
TENDER
1387
Oct
B
ser.
Ry.—
Monongahela West Penn Public
1948
due
A
1965
1965
226
Date
Co.,
4s,
mtge.
1st
Chesebrough Bldg. Co. 1st mtge. 25-year 6%
Electric
class
6%
due
preferred
due
1,036
Below will be found a list of corporate bonds, notes,
preferred and common stocks called for redemption,
including those called under sinking fund provisions.
The date indicates the redemption or last date for mak¬
ing tenders, and the page number gives the location in
which the details were given in the "Chronicle."
Illinois
6%
1935
+
Notices
Birmingham
Co.
of
+
Redemption Galls and Sinking Fund
Central
1st
series
1st
Tobacco
Co.
4s
1951
7 7c
American
Gas
bonds,
Gas
347
1387
Ltd.—
Products
67c
due
+
15,455
—
PARTIAL
and
mtge.
3 y2 %
accounts,
OF
1st
5 J/2% bonds, series A, due 1952
12-year 3%% debentures due 1955
Stores, Inc., 57c
preferred stock, series
Consumers
deposit accounts except
U.
1
stock_-_Jan. 1, '46
Co.
7
+
272
during week_
stock
pfd.
mtge.
—127
1,094
57,.
Oct
&
Street
mtge.
—111
9,856
Foreign banks
Borrowings
+
43
+
9,695
.
Domestic banks
leading
cities shows the
in
Electric
Colonial
1162
1
mortgage bonds
(closed issue)
debentures
Columbia
1387
Dec
RR.
pfd.
Co.
Service
Kansas Power Co.
39,017
NOTICES
.
22
LiabilitiesTime deposits
U. S. Government deposits
Interbank deposits:
67c
Bridge Co.,
Central
Celotex
Sfiv
1
2
(closed)
15-year
12
—
Company and issue—
...
583
—
+
570
-
595
—
+
10,265
...
140
54
.
3,347
I
Cash in vault
68
+
—1,278
,11
Reserve with Federal Reserve Banks
4
+
16
—127
—
24,756
Obligations guaranteed by U. S. Government
65
—153
9,273
U.S. bonds
40,056
Indua-
:>/
—
656
—
6
_
1,213
10,220
Treasury notes
+
+
—102
1,335
obligations
Treasury bills
Debits
Water
Canadian
1st
&
Borough Gas
California
1
Dec
stock
due
f"
077
1162
1949_Nov
Ry.—
3V47c
58
Other securities
12,221
+
to deposit 6s
liabilities combined
Commitments to
trial loans—
+
27,165
Other capital accounts
Ratio of gold
*
7'/2%
69
+
Page
Oct
due
1960
preference
Brooklyn
1,283
+
+
43,199,753
29
122,888
—129,194
17,741,180
1,517,681
+
877
Real estate loans
Interbank
Total deposits-
due
Co.
1,818
+
'-
Demand deposits-adjusted.
liabilities—
Federal Reserve notes
+
1,386
Other securities
Balances with domestic banks
Total assets
81
+
debs,
1955
3J/4%
obligations
Other loanB
r
guar, sec.)
bonds
Fe
due
Birmingham & Coast
pur¬
Loans to banks
Total U. S. Govt, securities
I
6,818
chasing or carrying:
3,550,471
834,779
+
—
Convertible
Santa
bonds
Atlanta,
agricultural
6,124
to
Corp., ^5 Va%
Oct
Topeka &
convertible
Consolidated
$
+
12,764
...
industrial,
loans
Loans
Cheihical
1950
4 7c
bonds
—258
61,584
Loans—total
.J'927
+
29,069
Bonds—
333,266
+
!
Loans and Investments—total
Commercial,
due
Atchison,
1944
—
13,213,156
7,092,961
Certificates-
—
209-^
4
U. 8. Govt, securities:
Bills
730,135
28,902
—
14,009
+
245,365
+
9,416
421,646
Other cash
975,500
—
Sept. 20,
$
$
Assets—
certificates on band and
due from U. S. Treasury
i
611
1213
Date
Corp., Class A convertible stock
G.
Telephone & Teleg. Co' 3 >/4% debs, due 1.961 Oct
American
Zinc, Lead & Smelting Co. $6 pfd. stock-_Nov
Arizona
Power
Corp. 1st & rel. mtge. 5s & 4V2S
1st
Increase (+) or
Decrease (—) Since
Sept. 27,
1945
1945
I.
American
of dollars)
(—) Since
Sept. 19,
Sept. 26,
American
1st
Increase ( + ) or Decrease
'Asset#—.
Products
Cincinnati
member banks follows:
(In thousands of dollars)
w
Allied
Atlantic
'
000
Hold
884
1
ENTIRE ISSUES CALLED
Company and Issue-
3,710
461
Nov
&
Natural
due
1
3V4%
Inc.
Wharton
7,/2%
1
1975
series
bonds
Taylor
due
*
1
Oct
1959
mtge. 3s due
mtge.
Chicago
Union
City
570
-__Nov
1
Schenley Distillers Corp., 5Vi7c
Sioux
5s
1
5 '/2%
bonds
Theatres
Southern
1171
1
Oct
ker. E,
Safeway Stores,
bonds,
1170
1
1956-_Oct
1st
Cincinnati,
Paul
1
Oct
1946
rate. "
•Nominal
debentures
gei>.
Inc.
Co.
Light
33'8s,
Rhebem
•
Official
Union
.020189
.020189
.301215
.301225
.205780
dollar—
Newfoundland,
New
4.025000
Co.,
Pr.
mtge.
gen.
Saint
4.025000
.020189
.020189
.301215
rupee
.569800*
4.024687
4.025000
.205780
France, franc
India (British),
Mexico,
.569800*
4.025000
Ltd.
Fireproofing Corp. 1st mtge.
ser.
A, due
Newfoundland
.569800*
sterling
3%
Light Co.
Co..
&
Island
National
mtge.
Free
Colombia, peso
England, pound
(Oscar)
Montreal
.060602*
.051802*
.G6C662*
.051802*
•
.051802*
Free
3.207123
.022883
Official
3.207123
3.207123
3.207123
Australia, pound
Belgium, franc
Brazil, cruzeiro—
Electric
Maritime Elec. Co.. Ltd. 4V2%
$
$
.297733*
.251247*
.Free--
h
Sept.
Sept. 26
$
.297733*
Official
Fower &
Maritime
1170
Nov
1949
Ry., 1st mtge. 5s due
(P.) Co., 20-yr.
Louisiana
Sept. 25
$
Loriilard
Money
*
1
conv.
Rys. of Central America 1st mtge.
Ice Co. 1st mtge. 6a, series A
Lincoln-Boyle
Litchfield & Madison
Noon
due
Page
1
'
International
1945, INCLUSIVE
1945 TO SEPT. 20,
Date
Houston Natural Gas Corp., 1st
mtge. 4s
Hygrade Food Products Corp. 1st & ref. mtge.
-
SEPT.
;
"""
Issue—
Great South Bay Water Co. 1st ref. mtge 5s due 1949--Nov
Hartford Electric Light Co. 3% debs, due 1967
Oct
Home Telephone & Telegraph Co. 1st
mtge. 3y»s, ser. A.
due 1967
Oct
Oct
bonds,
series
Leather Co., 7%
preferred stock
A,
due
2022
610
Dec
series D_____
1
1
610
.—July
prior preference stock
1, '47 12490
Oct
1
1030
Oct
1
1213
Volume
'
and Issue—
Company
;
Common
2
Nov
1
1
1213
Dixie
Mfg.
12-
1
11-20
$1.37 ¥2
12-
1
11-20
10-25
10-10
10-15
9-29
10-
1
9-19
11-
1
10-22
11-
25c
(quar.)
15c
(quar.)
$1
Shepard Co. (irregular)
Domestic Industries, $2 prefei*red (quar.)
Dolese &
Malting Co.,
Dominion
DIVIDENDS
Eastern
Elgin
25c
10-
Abraham
i
Inc
Straus,
&
Aluminum,
Department
$2
1
1
10-15
10-20
10-10
10-20
10-15
10-
(irregular)
preference
conv.
25c
Inc
Co.
Oil
All-Penn
pfd. (quar.)
5%
American Aggregates Corp..
American Bantam Car—
6%
10-15
$1.25
American
Safety
American
Smelting
Brothers,
Arcade
1
9-29
$1
10-26
Commercial Corp.,
1
9-20
(quar.i
Bloomingdale Brothers —
Boston Edison Co.
(quar.)
10-
1
9-24
12-
8
11-15
a
Columbia
British
Light
Traction
9-29
9-29
9-20
10-15
1
10-10
9-30
9-20
6%
Mills,
Burlington
10-17
25c
4%
(quar.)
preferred
preferred
Bvers
Caldwell
Linen
preferred
7%
6%
Clinchfield &
Carolina
10-16
11-
1
10-10.
11-
1
10-20
10-15
9-29
9-29
9-18
10-20
10-10
11-
10-
1
$4
9-29
Investment Corp.
$1.25
10-21
Kansas
$1.19
10-15
11-24
10-19
Belt
Power,
-(quar.)
4% % pfd. (quar.)
25c
Company
Allerton Hotel
Paper, 4V2%
pfd. (quar.)
Cincinnati Advertising Products (irregular)
$2
Chicago
$1.12 ¥2
Chillicothe
10-
25c
10-
10-
12-
Consolidated
50c
(quar.)
Extra
'
'
Consolidated
11-15
'25c
—
1
12-15
12-
10-15
(accum.)—
$1.50
10-15
Consumers Power. $5 preferred—
Container Corp. of America (year-end)
59% c
10-
6
Cuban-American
6%
7%
Cuneo
,
4%%
10-25
10-
5
McGraw-Hill
10-15
10-
5
9-29
McKav
10-20'
9-29
McLellan
Stores
preferred
9-29
9-15
6%
9-35
9-14
Medusa
10-
2
2
common
37V,c
n'
10-20
Middlesex Products
11-20
Mission
Comoahv* common
12-
1
9.24'
$1.50
10.15
17¥,c
10-15
9-24
10-
9-25
*9.40
(quar.)
(W. F.) Company (quar.)
Deere & Company (irregular)
:
10c
75c
X4
iT-22^
10-
5
1
1
$2
10-
1
1
9-20,
11-
1
10-19
,25(L_JL1- 8
10-11
$1.75
—
$$1.37%
11-1
10-10
$1
10-15
10- 5
$$1.37¥2
10-1
9-24
*250
10-15
9-27*
$75c
10-15
9-27
50c
10-15
9-27*
9-29
-
-
n
-
25c
10-
10- 1
15c
10-
1
9-20
10-
1
9-22.
10c
10-
(quar.)_
(quar.)
*22C
9-20
37¥2C
—
Process,
10- 1
10-15
10-15
Dry
Mississippi
Extra
Corp.
.
;
& Light,
9-29
9-20
10-10
9-20
75c
j.
10-15
10- 5
$1
10-10
9-26
9-20
Finance,
1
9-15
50c
n-
1
15c
11-
1
1
10-19
1
9-24
10-
1
9-20
11-
$5 preferred
1
10-11
11-1
10-11
$1.50
10-
1
9-25
$20c
11-
1
10-15
10-
1
9-21
1.0-
I
9-24
Carbon
(quar.)
$1.75
10-
I'm
9-20.
12-15
9-20
11-30.
jv
-10-31
11-30
0-20
30c
0-29
$75c
11- 1'
$75c
11- 1
10-
$1.12%
11-1
10-10
25c
10-15
10-
10- 5
5
•
10-
$1.25
—
9-15
11- 1
10-
1
10-10 5/
9-15 f
1
•
9-28
1
11-30
12-10
12-15
12- 1
.
of Missouri—
Co.
Electric
10-
20c
25c
$1.37%
common—
(quar.)-——.—-—
g_?4
$1.25
11-15
10-31
$1.12 ¥2
11-15
10-31
25C
9-29
9-18
10-10
9-30
20c
9-30
9-15
20c
10-31
10-10
50c
10-
$3
-
,
5
9-25
9-29
$1.75
(quar.)_
Products Co
Coal Co.,
preferred
U.
S.
4%
U.
Cold Storage,
Extra
w;
(quar.)
10-1
9-27
9-29
9-24
.••:50c
9-29
>
12%C
———
!
Chemicals (quar.)
25c
^
25c
——
—
9-27
1
25c
'
common
participating preferred
Participating
S. 'Industrial
9-20
$1.25
participating preferred—
9-29
11u-
1
9-24 /
9-24
gi
10-15*
1
%
10-15*
United Stockyards Corp.—
convertible
17 ¥2 c
10-15
9-25
Knitting
62 %c
10-
1
0-20
'
70c
Utica
preferred (quar.)
(quar.)———
$3
Vulcan Corp.
$3,prior
pfd.
.
$4.50
$5
preferred
preferred
10-25
10-15
West
Kootenay
$1.50
1
10-15
7%
preferred
10-
1
9-24
10-
1
25c
10-
1
9-26
9-29
9-15
Power
&
«T75
"referred
$1.25
Light Co.,
1
ouar.)
10-15
'
10-25
11-10/
10-25
r
——
(quar.)-
10- 1
$1.13%
11- 2
93 %C
9-27
11- 2
$1,428
pfd. (final)
White Villa Grocers, 6% preferred
10-15
11-10 v;
$$1,75
(final)—
(initial
11-
.
Ltd.—
—
Westvaco Chlorine Products $4.50
*4.25 preferred
$1.12 ¥2
———--
(quar.)
10-31
37 %C
(quar.)——
(quar.)
(quar.)
0-27*
10- 8
$1.50
Co. -(s-a)
(accum.)
Vermont it Massachusetts RR
It-
9-24
1
40c
Washington Gas Light Co. com.
$1.25
10-
$1.12 ¥2
18%C
(quar.)
preferred
(quar.)
15c
(N. Y.)
$1.75 '
11- 9
10-18
10- 1
25C
1
75c
10-15
11-
10-
25c
10-15
10c
$1.50
—
9-29
10-15
10-
—
—
pfd. C (quar.)
& Transmission—
25c
$6 pfd.. (quar.),
(quar.)
Morris Plan Industrial Bank
Motor
10-31
0-30.
20c
(irreg.)
United Gas Corp. (increased)
United Milk Products, common
9-20
25c
(quar.)
~
Shipping
1
60c
(quar.)
Corp
power
10-
9-20
9-30
$1.75
common
A
B
7%
,9-24
?
Stock Yards (Omaha)
United Bond Fund—
-—
1
$1.25
9-:
10-1
37 ¥2 c
pfd. (quar.)
6%
Union
9-29
10-
4
9-25.
10-19.
il;;!, 0.-24
$1.75
preferred (quar.)
preferred (quar.)
Union (Manufacturing (reduced quar.)
Union Oil Co. (Cal.)
(quar.)
9-20
10-
10-
$1.25
$5
9-29
10-27
9-25
11-26
$1
$4.50
$1
'
10-31
9-25
Union
4
75c
1
9-25
10-1
9-28
5 ¥2 %
10-10
1
9-30
10-
1
11-15
10-17
10-15
.10- 0
10-20
25c
(St. Louis)
Truax-Traer
10c
10-15
15C
$4
3
10-
10-10
90c
Treesweet
1
9-29
1
11-
$2.50
10-15
9-30
10-13
9-29
.
f 10-20
30c
9-30
10-20
11-10
Co. 6% non-cum. pfd. (quar.)
Manufacturing, $3.60 pfd. (quar.)
10-10
11-
10-15
50c
Water
Texas
Thermatomic
11-
10-15
25c
9-29
Thatcher
1
|
10-15
20c
'
10c
9-21
12-
•''
■
10c
9-30
$1.25
common
X
•i-
Products, 8% preferred (quar.)Terre Haute Malleable & Mfg. (quar,)-—
1
11-
9-2*1
10-15
$1.25
(quar.)
Corp
preferred
5%
10-10
$1.50
•
.
Tennessee
10-20
20c
—
i
15C
(quar.)
Gas
10-
10-10
9-21
11-26
$1
Power,
Tennessee
9-20
10-
Telluride
9-22°
10-
20c
preferred (quar.)
(nuar.)
preferred
M'ssissinni
-
preferred
Pean
(quar.)
6% pfd. A (quar.)
Mercrv Mills. Ltd.
(interim)———
Mickelberry's Food Products—
10-
32-151
10-
10c
$1.25
;—
(ouar.)
9-30
$1.12 ¥2
50c
20C
Portland Cement.
10-15
preferred (®iar.)_.._
9-21
$$1.25
-—
Co..
10-15
h
5%. pfd.
6%
Aircraft,
Machine
$1.75
P-Iff*
1
$25C
•
Taylor-Colquitt (quar.)
9-27
9-30
$2
Publishing
McDonnell
10-10
Corp.
30c
Vfibiss
■7%
Stores
McOrorv
65c
25%
9-22
10-15
5
60c
—
$1.50
.
1
10-31
10-
50c
Marshall Field & Co. (quar.)
Marven's Ltd.. 5% preferred (quar.)
McCall
Corporation
(quar.)
5R¥4c
dividend.'
10-15
10-
& Sons,
(initial).
•Stock
9-18
1
10-
1
9-21
10-
25c
preferred
preferred
25c
Co
preferred
Inc..
9-29
11-
10c
fquar.)
Packing Co.. common—
Press.
56 ¥4 c
$1.75
40c
9-14
3
preferred (quar.)
I
Bond Fund (quar.)—
Special (optional cash or stock).,
Manhattan Refrigeration. 8% pfd. (accum.)
Marathon Corp., 5% preferred (quar.)
$1.50
pfd. (quar.)—_
common
preferred
4¥2%
.•
Sugar,
Telephone,
Cudahy
De
—
10-15
9-10
25c
(quar.)—
7%
(quar.)
—
Standard Brands, Inc. $4.50 pfd. (quar.)—
Standard Forglngs
(initial)
Standard Screw Co. (quar.)
—
Steel Co. of Canada, common (quar.)
—
7% preferred (quar.):
Sun Oil Co., 4¥2 % preferred A (quar.)
Superheater Company (quar.)-.
9
10-
$1.25
2nd
$1.75
(quar.)
(quar.)
Company
Cuban
11-5
A
75c
Extra "•
11-20
10-
1
10c
Corn. Products Refining, co,mmon
7%
preferred (quar.)
Creamery Package Manufacturing
Cross
75c
10-5
11-1
41%c
%
Products
preferred
7%
9-22
1
10-15
10-
11-14
-
7%
4
10-16
$1.75
7%
11-20
1-2-46
10-
$1
Co.
Co.
Water
50c
Virginia
(quar.)
class A
Manhattan
10-15
$20c
10-
2
10-15
(quar.)
Map
Spindale Mills (irreg.)—
Springfield City Water 67p
0-21
10-
7%. 1st pfd. (quar.),
(G.)
Mabbett
10-15
11-15
25c
Paper Co. (quar.)
:
class A (irregular)
Press,
Consolidation Coal Co
Consumers Co., S3 preferred
10-15
of
Co.
(quar.)
Co
Steel
Lukens
1
12 ¥2 c
—
(initial)
B (quar.):
preferred (quar.)——
Belt
10-
10-
10-21
10- 1
Spicer Manufacturing
9-21
10-30
10- 5
10c
conv.
Southern Franklin
2
10c
(quar.)
Lord & Taylor, 8%
2nd pfd. (quar.)
Lowell Electric Light
(irregular)
9-30
50c
10-
10c
$4 preferred (accum.)
class A
—•
Insurance
5%
5
$1
(s-a)
:
Consolidated
10-
50c
:
Heating
Car
Consolidated Natural Gas
11-
10-17
50c
Class
9-26
10-
35c
-
Ed'son
1
10c
Corp.,
Loan
B
Link
11-15
Mills
Columbia
Commonwealth
11-
1
9-15
10-25
$1.25
t.
preferred (quar.)
Southern California Gas,
10-17
10-
9-15-
1
12Vz6
7%
9-15
1
25c
Co
preferred
Life
9-22
16 ¥4 C
Electric
Lincoln Tel. & Tel.,
9-25
30c
—
(quar.)
$3.50
9-25
25c
_
(quar.)
Milling & Elevator (initial)
1
11-
6
1
10-
$1
Investment Trust, Inc.—
$5 1st pfd. (accum.)
Southern Bleachery & Print Works—
9
10-
37 ¥2 c
(quar.)
pfd. (initial quar.)
Rubber & Tire Corp. (quar.)
Co.
(irregular)
Class
9-20
Wire
Insulated
Colorado
1
10- 1
—
(Lexington Ky.)
9-24
$25c
Clark
&
Frary
Liberty
5
(quar.)
(Daniel)
Cohen
Collyer
10-
11-
i
Southeastern
9-18
1
12 ¥2 c
Liberty Baking Corp.,
'
10-
9-29
20c
$5c
Ltd..:
(John)
Leland
11-10
10-30
Central
5
10c
65c
Diego
Sonoco
9-25
10-15-
10-
10-10
$1.10
Shawinigan Water & Power (quar.)
Smyth Manufacturing (quar.)
9-15
$2.95
62 ¥2 c
Leece-Neville
9-28
Central
—
class A
Preferred
5c
Company
Lee
(quar.)
Co.
Brewing
(G.)
Lane
9-20
(irregular)
9-15
67¥2C
Motors
Bryant Co. 4¥2%
9-29
Process
9-29
$3
._
Mines
Gold
Lane
9-24
Franklin
10-15
10-
2
Lawrence Corp.—
Shasta
Structural Steel—
City
Landers
10-16
1
10-15
Central
$1
40 %c
1
9-28
(quar.)
common
preferred (quar)
Co. (quar.)
Dock & Shipbuilding—
preferred (quar.)
——
Seven-Up Bottling
Sharon Railway
20c
Extra
Labatt
9-29
$2.50
9-21
9-28
10-19
Krueger
9-29
10-15
56»/4c
(quar.)
(quar)—
Associates
1
50c
Kerr-Addison
9-29
10-15
$1.25
—
10-
Corp
10-10
$1.50
(quar.)
9-21
11-
10-10
pfd. (quar.)
4.4%
Co.,
Mills,
Croix Paper
9-29
$1
9-22
15c
•
John Dry
10-15
1
1
'
9-29
•
11-15
1
50c
Ohio Ry.
Brainard
&
Aguirre
Chain
1
11-
$1.50
preferred
¥2-"%
Lockwood
Central
.
12-
$1.75
(quar.)
1
10-
1
10-15
10-
35c
preferred (quar.)
Common
(quar.)
10-
9-29
10-13
11-15
11- 1
5%
11-
25c
preferred (accum.)——
Knapp-Monarch Co. $2.75 pfd.
$2.50 preferred (quar.)
11-1
37¥2c
Carrier Corp.; 4
Case
11-15
37¥2c
Carborundum
10-11
10-15
30c
6%
$20c
,
1
1
10-
Kansas
$37c
(quar.)_"_
1111-
$1
(quar.)
Stepens &
& Naumberg
Kinner
preferred (quhr.>
preferred (1927 series)
Company
6%
6
11-15
Mills—
California-Oregon Power, common
9-29
20c
9-25
1
$1
(quar.)
partic. preferred (quar.)
2nd
10-
1
9-26
9-20
9-31
30c
Alleghany & Grand Rapids RR.
Semi-annual
i
Kalamazoo Stove & Furnace (quar?)
9-27'
9-27
12-
9-29
10-
40c
$75c
'
Gas & Electric, common (quar.)
preferred (quar,)———
——
Schenley Distillers, new common (initial)—
Schulte (D. A.), $2,50-$5 conv. pfd. (s-a)Schwitzer-Cummins Co.
Seaboard Finance; Co. (quar.)—
—
Sears Roebuck
(stock dividend)—
Four for one split
(subject to approval)Securities Investment Co. of St. Louis—
9-25
10-25
$1.75
9-20
10-15
10-31
.
$$1.50
5%
10-15
43 ¥4 c
6c
.
1
10-20
10-
$1.25
Typewriter Co. common——
preferred
(quar.)———I———
¥2 %
San
$$3.75
(accum.)
A
10-31
9-22
Sanborn
1
$1
4% preferred (quar.)
preferred B (accum.)_
11-15
9-24
Kalamazoo
$1.75
(quar.»
1st" preferred
'$1.50
80c
Co. 7%
M.)
(A.
11-
10-
2
10-15
Shinkle Shoe..
-
$3
10-25
10-15
Jonas
9-15
1
25c
(quar.)
common
1
40c
11-15
Johnson
11-
10-15
10-25
40c
Glass, 7%
Service
Johnson
10-12
11-
11-15
lc
preferred (accum.)
Johnson & Johnson, 4% 2nd pfd. A (quar.)
10-
$25c
preferred
7%
Jeannette
$$1.50
Pulp & Paper (quar.)
Brooklyn Union Gas Co. (increased)
Buffalo Insurance Co.
(quar.)—
Brompton
6¥a.%
Electric,
Iowa
11-15
Ind.)—
•
Milling,
International
*$1.50
(quar.)
(quar.)
preferred
6%
10-31
59 %c
•
preferred (accum.)
St. Lawrence Paper Mills—
7%
preferred (accum.)
St. Louis Rocky Mountain & Pacific
50c
(s-a)
11-15
9-30
4%
$1
(quar.)
Y.)
(N.
9-30
50C
9-29
St.
75c
25c
9-30
10- 1
10-15
5¥2%
$1
Co.
(Fort Wayne,
Tel.
&
9-29
10-20
$1
5
$1.50
-
9-29
<
>
$2
(quar.)-
insurance
St.
8
(irregular)
(quar.)
9-29
10-20
Paper
St.
1
10-15
30c
10-17
8
Imperial Life Assurance (Canada) (quar.)
Telephone, common
Telephone—
preferred
2nd preferred
1st
6%
1
11-
10-15
$1.25
Saguenay Power Co., Ltd.—
10-
Inter-Mountain
1
12- 1
9-29
$1.25
$2 partic. conv. 1st pfd.
2nd preferred (accum.)
$1
9-20
10-31
10-
:|:$1
10-10
10-
(qur)
10-15
1
11-
8
10-29
11-
9-25
11-1
75c
7%
25c
Development
9-20
1
20c
Power
&
10-
10-1
10-22
(Pittsb'gh) (quar.)-
9-24
10-31
common
Drugs
(quar.)
Horn & Hardart Co.
payment., o
Brazilian
10-15
10-31
(quar.)
Huylers,
9-29
11-
1
1
9-29
(irregular)-——-—
Rhode Island Electric Protective Co._
Rhinelander
30c
Hook
10-25
50c
11-
10-
9-26
•
10-1T
v.
'
(quar.)
Co.
Reliance Life
$1.05208
Quarterly
9-29
10-15
25c
(increased)
reported as
9-24
10c
Corp., common
preference (quar.)
»
1
9-29
11-10
$1.12%
—
Full Fashion
Royal
Chocolate
Home Tel.
43 %c
—
9-21
1
68 %c
common
preferred (quar.)
(Edward) Lumber
9-25'
22 ¥2 c
$1.75 preferred
1
10-
40c
Hines
10-13
$2
10-
9-25
Co.
10-
$1
17 ¥2 c
25c
Rubber——
&
Tire
Reading
50c
$1.25
40c
Holly
1
12-
9-29
9-20
5%
10-
10-15
9-29
10-15
1
$4 conv.
10-31
$25c
—
10-15
$50c
—
1
Company
$1.50
$1.50
1
$1.31 ¥4
Pyle National Co., common
8% .preferred (quar.)
Quebec Power Co. (quar.)_
10-
9-20
37 ¥2 c
(quar.)
of Pennsylvania
class A
Correction:•.* previously
10-
5c
Brothers, common
preferred (quar.)
Power & Paper, class A
Bathurst
9-29
10-
Hershey
$1.50'
Bartgis
10-15
35c
Higbee
$1.50
pfd. (quar.)
6%
9-20
$1.50
—
(quar.)
9-24
Pulp & Paper, $6 2nd pfd. (quar.)
Gas Light (quar.)
10-29
50c
(quar.)
9-24
1
9-29
9-22
10-15
9
20c
(quar.)
1
10-
1
9-20
1
11-
20c
Bankers
Botany Worsted,
1
11-
50c
A
preferred
Co.,
Telephone Co.
10-
1
10-
10-
10-23
$2
10-
9-24
$$1.50
(irregular)
Co.
1
37¥2C
6¥j% preferred (s-a)—
Pittsburgh Coal, 6% preferred (accum.)
Pittsburgh Screw & Bolt
Pollock's Inc.
(quar.)—
Portland Gas Light $5 pfd. (quar.)
.
Public Service Co. of Colorado (quar.)
9-28
4
America—
preferred (initial)
Hercules Powder 6%
preferred
11-10
68 %c
9-28
10-
10c
3%%
$25c
—
Pharis
$1.25
Hecht
$1.25
pfd. (accum.)—
5%
Baldwin
Products,
1
3
50c
Haverhill
$2.50
(s-a)
Co.
1
10-17
$1.62 ¥2
Hawley
12-
11-15
$1.75
Marx
Brewing
9-25
10-22
11-
—
Co.
Ltd., common
preferred (quar.)
Perry Fay Co.——
Corp. of America, 6¥2% pfd. (quar.)
Hatfield-Campbell Creek Coal Co.—
5%
non-cum. participating prefen'ed
4
11-
11-15
Davis &
Pilot
(quar.)
&
"9-2X
10-1
6%
$1.50
(quar.)
9-28
$1.50
$1.62 ¥2
—
Penmans,
1
11-
Philadelphia Electric
Hat
10-15
$1.50
Badger Paint & Hardware Stores
Oil
10-
10-15
22 ¥2 c
Babcock & Wilcox Company-
Barnsdall
10-15
RR.—
Line
6%
Harvard
12-10
11-15
Parke
10-17
of Canada—
Co.
Co.
Schaffner
Hart
12-10
12-24
Realty
Insurance
.
Ltd.
Steels,
12-24
10-10*
1
Hartford Steam Boiler Inspection &
9-15
10-
1
11-
10-10
(accum.)
9-29
2m $!
-
10-10
Hamilton
9-24
25c
<s-a)_,
Coast
Hur
10-16
$1
(quar)
Austin Nichols & Co. $5 class A (accum.)
Auto Finance, common (quar.)
5¥2% preferred tquar.)
Ben
11-20
$3
Atlas Acceptance Corp.
Bell
10-11
25c
common
preferred
6%
10-22
15%
Ltd.—
4 ¥2 % 2nd preferred (quar.)--Atchison Topeka & Santa Fe Ry
Atlas
9-21
25c
Arlington Mills (quar.)
Associated Telephone Co.
5%
10- 5
9-29
$1
Corp.
Atlantic
11-
10-31
11-
10-
10-15
25c
Resumed
10-25
7% preferred (accum.)
Manufacturing, common
Harris-Seybold-Potter, $5 preferred (quar.)_
Hartford
Electric Light
(quar.)
2
11-30
2
$$2.50
Guardian
$2
(s-a)
preferred
Argo Oil
8
10-13
1
9-25
1
10-15
(Del.)—
Power
10-25
Extra
10-23
50c
Common
6%
10-
11-15
9-25
1
10-15
11-
1
11-
$i2c
(quar;)____
(quar.)
25c
—i.
Quebec)
(Montreal
10-15°
1
10-31
1
11-
50c
North
of
Co.
Guarantee
$1.75
pable—
(final)
Oil
Iranian
Apollo Steel
Anglo
11-
75c
10-
$$1.25
(quar.)
Rubber
Gro-Cord
9-30
9-18
10-
«
1
10-
$1.50
$1.18%
i~_.
$1.12¥2
__1
common
preferred
6%
10-11
20c
&
&
Wire
Anaconda
10-10
10-15
(Daniel),
Green
9-28
1
$1.50
Refining, common:—
(quar.)
Steamship (irregular)
American
10-25°
10-
—
preferred
1st
7%
9-25
11-15
15c
Razor
American
10-15
9-18
1
$20c
^
common
preferred
7%
1
10-
$1.50
(interim)
(quar.)
9-25
(quar.)
Oklahoma Natural Gas common (quar.)-—_
4%%
preferred
(quar.)
Orchard Farm Pie, $5 class A (quar.)
Pacific Oil & Gas Development Corp.—
50c
Manufacturing
Pumps,
10-
15c
(quar.)
preferred
9-26
9-29
50c
Title Insurance
Northwestern
100%
(irregular)
$6 pfd. (accum.)
com.
Inc.,
Bros.,
Goulds
15c
preferred
6%
Ice,
American
preferred
Goodman
$1.75
(quar.)
(monthly)
Furniture 7%
pfd.
American Home Products Corp.
American
Wares
$4.50
7%
9-20
75c
Castings,
pfd.
preferred (accum.)
preferred
(accum.)
37¥2C
Steel
10-
"10-
10-1
„
Ry.,
Co
preferred
6%
1
11-
1
10-
Western
Northern States
$1.50
common
Steel
9-24
15c
Can
American Casualty Co.
Corp.,
Gimbel
10-10
1
75c
preference (accum. I
Co. (quar.)
(Reading, Pa.) (quar.)
Fidelity & Casualty Co. (quar.)_
conv.
American
10-
9-29
11-15
50c
(initial)
General
11-19
2¥ac
&
Mills
5%
$1.91 ¥3
(final)
5% preferred
Gas
Stores,
Allied
9-28
1
10-
,
Northern Indiana Public Service—
20c
General
9-28
10-15
25c
(s-a)
Co.
Paint
10-15
10-15
Corp., common—
convertible preferred
(quar.)
$1.50
10-15
$2
10-15
1
$2.75
Telephone
&
Texas
5%
(quar.)
General
9-28
10-15
10-20
Baking Co., common—
General Instrument Corp. (stock dividend)-
8
North
10-20
common
General
non-cum.
10-30
.
10-15
11-
Northern Illinois
10-30
General
10-10
60c
'
Fran.) —
Co
Galveston-Houston
9-20
37¥2C
com. (quar.)_
(San
(quar.)
preferred
9-22
11-17
1
5c
Depot
Union
Process
Company,
10-15
11-
—
Reduction
Air
11-
27c
Extra
Franklin
1
11-30
10-
9-25
$11- 1
$1.25
Gas, 6% pfd. (quar.)
(quar.)
adj. pfd. (quar.)
North American Co., 6% preferred (final)—
$1,061/4
Stores,
(quar.)
Kleiser
&
Foster
6%
27 ¥2 c
Air Investors—
10-
15C
$1.25
75c
Frick
3c
York
Norfolk
quar.)
9-29
82¥2c
York & Richmond
New
9-15
75c
Insurance
Fund
Street
Fort
10-15
27 ¥2 c
conv.
(quar.)
Fund
Affiliated
(quar.)
—
preferred (quar.)
preferred
$1.10 conv.
Advance
—-
Alloys—
Aluminum
Acme
New
9-15
1
Quarterly
of Rec.
10-25
87 ¥2 c
9-15
1
10-
Electric Light
Brewing Corp. (quar.)—,,
Fashion-Craft, 5% preferred (initial
-Floldert
Whetir-
1
10„
Falstaff
preferred
New Haven Clock Co. 6¥2%
$1.12¥2
common
preferred (initial.quar.)
preferred (quar.)
4¥2 %
f
Payable
8
10-
9-29
iO-15
10c
prior preferred (quar.)
Inc., 4%% conv. pfd. (quar.)
Co., Ltd. (quar,)
New England Confectionery
New England Laundries, $6 pfd. (quar.)
9-28
River
i
■V
50c
Neisner Bros.,
9-19
9-28
50c
10-15
Fall
10-
37 %c
$6
10-10
4¥4%
Per
Share
(quar.):
$2 partic. pr. pref. (qqar.)„
Phonograph (quar.)
(increased)
Creamery,
1
New Brunswick Telephone
15c
Fireman's
Company
$1.50
9-28
35c
Federated
Name of
10-19
9-29
Inc.
announced this week are:
Companies
11-
11-15
Radio £
4%
"General Corporation
Industrial and Miscellaneous
1
11-15
Sweeper,
Fairmount
declared.
The dividends
9-29
Esquire,
Department" in the week when
Investment News
and
1
Emerson
.
under the company name in our
10-
20c
Corporation
Magnesia Talc
Eastern
11-
$2.50 class A (s-a)
$5;50 preferred (s-a)
National Pumps Corp. 5¥2 % pfd. (accum.)
National Shirt Shops (Del.), com, (Irreg.)
25c
:
Manufacturing
Dwight
separate tables. In the
first we bring together all the dividends announced the
current week.
Then we follow with a second table in
which we show the dividends previously announced, but
which have not yet been paid.
Further details and rec¬
ord of past dividend payments in many cases are given
Dividends are grouped in two
56%C
common
National Manufactures & Stores—
•
9-29
$3
(s-a)
of Rea,
10-20
Power,
^
9-30
1
$1.25
Rockaway RR.
&
62 Vic
States
preferred
5%
12-31
11-
$20c
(quarterly)
preferred (quar.)
Dover
1
2-1-46
$20c
(quar.)
common
'
50c
Common
5%
(quar.)
*10-20
(quar.)
i
Narragansett Electric, 4¥a% pfd. (quar.)
Nathan Strauss-Duqarquet, Inc.—
.6%
conv.
preferred (quar.)
1
National Chemical & Manufacturing
National Distillers Corp.
(quar.)
9-20
50c
(quar.)
Stores
Home
1
s
&
Gasket
Detroit
1329
10-
Payable
37 ¥3 C
Mountain
50c
Share
Name of Company
;
,
Holiert
When
Pet
of Ret.
Payable
,
1
(quar.)
preferred
5¥2%
(Colo.)—
Stockyards
1551!
Holder*
When
Share
Name of Company
<quar)__
Common
Nov
Oct
j v
Denver Union
1442
Oct 15
1965
Westvaco
Chlorine Products Corp.—
$4.50 and $4.25 preferred stocks
Wisconsin Fuel & Light Co. 1st mtge. 5s (originally
GVzs), ser. A, due 1948
Youngstown Sheet & Tube Co. preferred stock
♦Announcement in this issue.
} In Volume 161.
Per
Page
Date
1st mtge. & collat.
Light & Telephone Co.
trust 3%% bonds series B, due
Western
& FINANCIAL CHRONICLE
COMMERCIAL
THE
Number 4425
162
11- 1
g $1.50
10-
1
*
10-10
;
;
9-15
'V
rf.
THE COMMERCIAL & FINANCIAL CHRONICLE
Terminal, common
.5% preferred (quar.)i—
Wocdall Industries (stock dividend)—
"Worcester Transportation Association
Wyandotte Worsted Co. (quar.)
York County Gas (irregular),——
50c
'
1
1
9-24
33%%
10-31
10-10
9-29
9-15
20c
10-31
10-16
50c
11-
1
10-15
'
announced in Previous
the dividends
7%
6%
paid. The list does not includediviannounced this week, these being given in the
Bank
«dends
Bank of New
Laboratories, 4% pfd. (quar.)
Atlantic Sugar Refining—
Acadia
B
Class
Casualty & Security Co
Insurance Co. (quar.)
Life Insurance Co. (quar.)
Aetna
Aetna
Aetna
Albers
Allied
$7 preferred
(quar.),,
1010-
9-20
10-
9-14
$1.75
10-
'9- 7
9-
10-
9-
10-
2%c
10-
15c
10-
9-13
43 nflft
10-
9-U
50c
Corp., common
of America, 6%
10-
40c
(quar
10-20
9-28
1
9-10
(quar.).
$1.50
10-
preferred (quar,)
Aluminum Goods Mfg. common
Amalgamated Leather 6% conv. pfd. (accum.)
Amalgamated Sugar (quar.)
*$1.25
11-
1
10-
1
10-
1
1
9-15
Aluminum
of Canada,
Co.
5%
Amerada
Air
Corp.
Petroleum
American
Filter Co.,
preferred
$7
(quar.)
(quar.)
American
Asphalt Roof Corp.
American Bank Note
Co.,
preferred (quar.)
Bemberg Corp., common
Class B
-i—Can
7%
Co.,
10-
10-
preferred
(quar.)—
25c
10-15
10-15
10-
9-
10-
9-
7*
10-
9-27
10-
9-27
$1.75
10-
Brach
7*
9-13*
$3
class
conv.
A
opt.
\ Payable in- cash
stock
B
V.;
«
Cash
or
l/16th share of Class B stock
*7%
preferred
American
(quar.)
Coach & Body
$1.30
Crystal Sugar
10-
2
9-21*
1
9-20
County (irreg.)
pfd. (quar.) —
6%
District
Telegraph
(quar.)
preferred
Express
American
American
(N.
I
6%
$6
1st
2nd
American Hardware
—
(Newark, N. J.)
(s-a)
—
Extra
5%
'
convertible
preferred
American Locomotive
7%
iC
preferred
American
Co.
(quar.)
pfd.
4%%
,
convertible
preferred
American Snuff
Co.,
5%
•a
.
$4
preferred
(quar.)
Arkansas Power & Light
_
Armstrong Rubber,
■■
Class
class
r,.
,
(quar.)
Athey-Truss
Wheel
Atlanta Birmingham & Coast 5%
Atlantic Company (initial)
•
,,
Co
pfd
I, II
Atlantic Refining Co., 4% conv.
pfd. AfquarX'1
Atlas Thrift Plan Corp. 7%
pfd. (quar.)
Attleboro Gas Light
(ouar.)
Autocar
Company (stock dividend)
One share of 5% conv. pfd. for each ten.
shares of common held—
(HartfordJ
(quar.)
10-
1
9-26
Central
Paper
10-15
9-28
Central Vermont Public Service
4.15%
York Power
10-
1
9-15
25c
12-15
10-
1
9-28
10-
1
9-20
6%
10-
1
9-15
10-31
10-15
The
above
payment clears
Champion Paper & Fibre—
3
9-17
$4.50 preferred (initial quar.)
Chapman Valve Manufacturing (quar.)
9-15
Chemical Bank & Trust (N.
40c
10-
1
9-18
Chemical Fund,
$1.25
10-
1
9-10
40c
10-
1
9-21
$4
10-
10-15
1
9-24
10-
10-15
9-20
10-
1
9-14
10-15
9-29
9-15
preferred
25c
1010-
1
9-15
Cincinnati
*1.50
10-
1
9-25
Citizens
10-
1
9-
preferred
1
7%
5
2%%
(s-a)
Gas
&
Power
10-5
*$1.50
10- >5
8-30
1
9-20
10-
$1.18%
10-
1
9-
12 %c
10-
1
10-
1
7%
1
1
10-
1
1
City
Co.,
9-
preferred
$1.50
6% preferred (quar.)
Bucyrus-Erie Co., common
Burkhart
1
9-18*
10-
1
9-15
12-15
10-15
5
10-
.1
1
5y4%
Camden
10-
1
9-
8
$1.75
10-
2
9-
5*
$2.25
10-15
$1.37%
10-
9-17
1
6%
10-
1
1
9-21
10-
1
11-
1
.
2-1-46
11-
1
10-15
10-
1
7%
$1.50
9-15
$3.40
A
1-21
9-20
10-22
Participating
Canadian
7%
10-
9-15
10-
9-15
10-
9-10
Car
Extra
7%
9-13
1
9-10
10-
1
9-15
10-
1
9-14
9-17
50c
10-
1
1
10-
5
10-1
9-20
9- 4
.
General
(quar.)
11-15
10-31
11-
10-10
1
Commercial
Registered
(quar.)
(Del.),,,^
9-10
10-
1
9-10
10-
1
9-15*
10-
1
9-15*
Concord Gas
9-21
Conde
Nast
10-15
9-21
10-
1
8-31
10-
I
8-31
Connecticut
10-
7%
preferred
Publications
(accum.)
9-15
1
10-15
10-15
9-30
40c
10-15
9-30
1
9-26
50c
1010-
1
ID- 1
$1.25
10-15
(irreg.)
9-22
9-14
Fire
Insurance
Gas
&
9-15
Quarterly
9-15
Connecticut
10- 1
8-15
10-
1
8-15
10-
1
9-10
Connecticut General Life Insur.
Connecticut Light & Power Co
9-10
Consolidated Bakeries of Canada, Ltd. (quar.)
10-
1
9-10
*15c
10-
1
1
•
7%
preferred
10-
2
9-30
10-
(quar.)
9-15
$2 preferred
1
9-29
*62 %c
10-
1
7-31
Ltd.
J75C
10-
1
8-31
10-
1
9-15
(quar.)
$1.25
10-31
9-28
$1.25
10-31.
9-23
$1.75
10-15
9-14
*15c
10-15
9-29
t$2
10-1
9-20
*41%c
10-1
9-20
*50c
10-1
8-31
——.——w '• $37%e
110-1
f- i
4%
8-31
(quar.),.
t$2
10-
1
9-14
10-
1
9-14
25c
10-
1
9-20
10-
1
9-
*20c
10-
1
9-15
5
preferred
C
Extra
8%
,
Retail
$1.25
11-
1
9-28
Stores,
Aircraft
preferred
preferred (quar.)——
9-10
10-1
9-15
10-
1
9-15
10-
1
9-15
$1.50
10-
1
9-21
15c
10-
1
9-15
25c
(quar.)
;
Inc.,
10- 1
$1
$1.12%
common
10-
1
10
1
20c
9-15
9-14
$2
68%c
common
Corp.,
10- 1
9-14
10- I
9-14
25c
10- 1
43 %c
com
(quar.)
Consumers Gas Co. (Toronto, Ont.) (quar.)
Consumers Power; $4.50 preferred (quar.),,
$5
9-24
9-24
—
(quar.)
(quar.),,,
$2.75 preferred (quar.),,
Consolidated Steel Corp., Ltd.,
$1.75
preferred
(quar.)
Vultee
9-15
1
1
90c
(Balt.i
preferred
Consolidated
1
10-
25c
;
Consolidated
1010-
$1.25
(accum.)
$6 1st preferred (quar.)
Consolidated Press, Ltd., class A
J*
1
Inc.—
4%% preferred B (quar.),,,.
Consolidated Machine Tool—
^
10-
12-24
25c
of New York,
Consolidated Gas Elec. Lt. & Pow.
Common
(quar.)
8-31
10-
10-15
12-31
$1.18%
$5 preferred (quar.)
Consolidated Film- Industries—
9-30
9-10
1
9-11
$3.50
*25c
10-
9-11
10-31
60c
Co.
(s-a)
Consolidated Edison Co.
10-31
1
75c
(quar.)
9-21
* 30c
1
11-15
Securities—
10-10
2
1010-
$5
preferred
Coke
Cigar Corp.—
$4.75 preferred (quar.)
Consolidated Dry Goods,
common
9-10
9-30
$1.50
$1.75
9-11
Consolidated
9-10
10-
1
(Hartford)—
1
1
1
10-
65c
10-15
10-
10-
*$1.50
'
$3
$1.37%
75c
Quarterly
*30c
.,
1
11-
Confederation Life Assn. (Toronto)—
10-25
*5c
preferred (quar.)
10-
6C
9-20
Investments—
(quar.)-
City)
Co.
1
*
A
(Jersey
1
*$1.50
(initial quar.),
Canadian Pacific Ry. Co. (irreg.)
Canadian SUk Products Corp,—.
class
Co.
Investment
10-
*25c
preferred
$1.50
Trust
*27%c
(quar.)
9-15
tlOc
*20c
:—.—
9-1S
1
*5c
(quar.)
10-
*$2
-
1
10-
$1.63
(quar.),
Commonwealth,& Southern $6 pfd. (accum.)
Commonwealth Water, 5%% pfd. (quar.)
Commonwealth Water & Light—
$6 preferred
(quar.)
$7 preferred (quar.)
;
Corp.,
9-15
10-
$1.50
common
.
Commonwealth
Ltd.—
—a
1
75c
Quarterly
10-31
%c
preferred
9-20
10-
Commercial National Bank & Trust (N. Y.)-
"
Canadian Oil Cos. Ltd. 8%
5%
10-22
11-15
10-15
Co.,
Industries, Ltd., class A
B
(quar.),.
Canadian
8%
1*
9-20
1
10-
-
Ohio Electric—
preferred (quar.)
6%% preferred (quar.)
Commercial Alcohols Ltd.,
9-15
*75c
Canadian
9-25.
,9-15
10-
S15c
Canadian General Electric (quar.),,,
1
10-15
1
8
25c
6%
8
2
9-11
9-20
75c
25c
(quar.)
9-20
10-
9-
50c.
(quar.)
9-20
10-
10-15
9-14
-
10-
25 3/5c
*85c
9-21
11-
9-10*
1
9-14
11-
10-
$1.50
Stores
Columbus & Southern
9-19
1
10-
$1.75
preferred
*50c
10-
*17%c
9-19
1
10-
1
68%c
(quar.)
5% preferred A
Columbia Balking Co., common (quar.)
$1 partic. preferred (quar.)
Participating
10-
(quar.)
10-
V.'I $2
$6
Colonial
10-
10-
$2.75 (quar.)
Co. $7 pfd.
(quar.)
62 %c
25c
preferred
1
Radio
Colonial Ice
9-10
1
(quar.)
*25c
10-
25C
1
10-
*$1.75
50c
$1
10-
*
*62 %c
(quar.)
Canadian Food Products, Ltd.
Canadian Foreign Investment
•J. 7%
9-15
Collins
(s-a)
J.
Canadian
9-20
62 %d
9-21
9-18
10-
1
1
1
37 %c
(quar.)
10-
10-
10-
75c
(quar.),
9-20
1
10-15
:
1
*25c
Celanese, Ltd., common
9-18
10-1
10-
9-25
'
10-
(Boston)
*52c
9-18
*
50c
$1.75
$1.50
tlOc
9-18
25d
9-26
Collateral
$1.31
(quar.)
Fairbanks-Morse
2
$1.75
(quar.)
(quar.)
A
9-20
10-
9-13
*5c
(initial)
com.
10-
Class
Bottling class
(quar.)
*75c
10-
1-2-46
pfd.
1
1
.*$1.75
10-
$2.50
(quar.)
7%
*$1.50
59%c
"
Y.)
(N.
1
10-
20c
& Co.,
10-
10-
(quar.)__
Mortgage Corp.
Ltd
preferred
9-15
10c
12 %c
(quar.)
(quar.)
1
common
Canadian Converters (quar.);
Canadian Cottons Ltd., common
6% preferred (quar.)
6%
Co.
Yards
12-
—
—;
9-15
1
25c
50c
(quar.)
preferred
1
10-
9-13
Foundry Co., Ltd.—
preferred
10-
1
3iy»c
•«
&
9-26
50c
10-
31 %c
Lines,
10-10*
10-15
2
1
(s-a)
preference
conv.
10-
$1.12%
common
$1.06 Va
Ltd.
$1.25
(accum.)
10-10*
1
1
Canners, Ltd., common (quar.),,
5% cum. 1st preference (quar.)
Participating
60c non-cum. preferred (quar.)
9-21
10-1
1
10-20
1
(quar.)__
(quar.)
common
9-15
1
11-
15c
10-
$1.50
Canadian
9-20
$1.75
class
Canadian Breweries.
5
1
11-
15c
10-
'
1-11
10-
15c
10-
75c
(ouar.)
Steamship
9-13
12-24
75C
62
Packers Class B_
Canada Permanent
Canada
10-19
10-
11-
1
preferred
Canada
1
$5.60
pfd.
Association
Power,
10-
1-2-46
$1.37%
Coca-Cola Co.
18c
(quar.)
Northern
(quar.).,
50c
(quar.)
Canada
10-15
1-21-46
25C
preferred
preferred
9-10
10-
1st
$4.25
9-23
Coca-Cola International Corp
Cockshutt Plow Co., Ltd. (s-a)
*15c
common
Canada Dry Ginger Ale, Inc.,
9-20
$1.50
Insurance
9-11
1
37 %c
Campbell (A. S.) Co.—
$2.50 preferred (initial quar.)
Canada Bread, 5% 1 class B (quar.)
9-15
1
Fire
1
10-
1
9-15
Co
prior preferred
California Packing Corp.,
5%
preferred (quar.)
.9-13
10-
$3
Power
10-
75c
-»
Works, 7% pfd. (quar.)
Loan
8
10-
9-15
preferred Series B (quar.)
preferred (quar.),,*.
Electric
conv.
9-
85c
(quar.),,
1
(quar.)
Financial
California
9-13
10-
convertible
T
11-13
1
(initial),
Corp. (quar.)
Calgary & Edmonton Corp. (interim)
9-15
1
non-conv.
I
1
10-15
10-
Co.—
5%
9-14
10-
H.)
5%
C
9-14
10-19
12-
(P.
12-
10-
(quar.),,
Bush Terminal Bldgs., 7% pfd. (accum.),
Bush Terminal Co. 6% preferred (quar.)
Butler
9-17
$1.12%
Manufacturing
Steel, Ltd.
Coca-Cola
1
*15c
Co., Inc.. new com.
(F.)
Burlington
9-29
9-20
10-
15c
preferred (quar.)
Building Products, Ltd. (quar.)
Bullock's, Inc. (special)
Watch
1
1
$1.75
7%
Bulova
Clinton Water
10-
$1.25
Corporation
Cluett, Peabody
Inc.—
10-
Co.
Illuminating,
Clinton Trust Co.
(quar.)
Newspapers,
9-22
$1.75
quar.)
9-20
(quar.)
9-22
9- 6
9-17
Pa.)—
preferred
$5
Stock
Union
1
10-15
quar.)
1
prior preferred
$5
6*
10-
Iron
10-
25C
(increased
A
10-
& Wire Co.,
Fence
Brush-Moore
6*
9-
Cliffs
1
43 %c
(quar.)
$1.25
(quar.)
Brunswiok-Balke-Collender Co.—
9-20
1
Cleveland
1*
class
Insurance
Title
10-
(increased
common
cumulative
City
Cliffs
9-20
10-
10-
Stores
6%
1
9-21
9-18
preferred
Burry Biscuit Corp. 75c prior pfd.
10-1
9-29
10-
1
8-31
10- ,1
10- 1
1
10-
8-31
10-
10-15
$1.25
9-14*
25c
10-15
9-17
$3.50
(Brown-Forman Distillers, common
f
9-14
1
Trust Co
Durrell Co.,
common
c
9-17
1
25c
(s-a)
Cleveland
9-20
10-
93%
1
10-
Co.—
9-18
4
10-
*40c
(quar.)—
1
10-
$1.75
Supply
2nd preferred
10-
75c
(quar.)
2-14
9-20
10-
A
pfd. (initial quar.)
Tel.
1
9-20
$1.50
class
Power
50c
Realty—
preferred
(quar.)
City Investing Co. 5%% preferred
City of Paris Dry Goods Co.—
Co.,
(quar.)
9-10
$1.23
Bell
Wholesale
9-20
1
62 %c
6%
8-30
7*
1
10-
$1.62%
Water .(Washington,
preferred
Citizens
Co., Ltd.—
9-
10-
15c
(quar.)
Sub.
&
9-20
1
$1.25
preferred (quar.)
Cincinanti Postal Terminal &
6 Va %
1
10-
8c
Cincinnati Gas & Elec., 5% pfd. A (quar. )_
Cincinnati New Orl. & Texas Pac. Ry. Co.—
5%
9-29
10-
75c
Pneumatic Tool, common
prior preferred (quar.)
preferred (quar.)
Chicago Railway Equipment, common
7%
preferred (quar.)
Chickasha Cotton Oil
(quar.)
7% preferred (quar.)
9-22
10-15
$1.25
$3
9-20
lOd
9-15
$2.50
8
10-15
*25c
9-21
1
Chicago
9-20
9-
32»/2C
(s-a)
9-10
1
10-
(irreg.)
9-20
1
(quar.)
1
10-
45c
9-30
50c
Co.
10-
50c
9-29
12 %C
Assurance
9-20
$1.12%
9-20
1
(quar.)
9-20
1
(quar )
1
10-
35c
Inc.
Y.)
10-20
10-
*$1.50
9-20
1
10-
Chesapeake Camp Corp., 0% pfd. (quar.)_,
Chesapeake & Ohio Ry. Co. (quar.)
Chicago Daily News 5% preferred (quar.I.¬
Chicago Mail Order (quar.)
37 %C
(quar.)
1
10-
arrears
.-,.10-15
10-
9-19
all
1
25c
10-
$1.50
$49.50
$1
9-29
1')-
$1.12%
1
?20c
9-15
preferred
10-31
(quar.)
1
preferred (quar.)
10-
Ltd.
9-19
10-
Corp.—
prior
$1.75
$1.12%
16c
9-10
10-15
5%
prior preferred (initial quar.)
prior preferred (accum.)
20c
$5
(quar.)__
10-
Columbia
Brown
pfd.
Certain-teed Products—
6%
20c
9-20
$1.04
Class A
11-30
10-15
5%
dividend)
(stock
2-28-46
9-14
.A
Automobile Insurance-
New
4% %
25c
Art Metal Construction
Arundel
Corporation
Central
75c
15c
~
7
75c
15c
.
preferred
(quar.)
IIII_„"*III
Arrow-Hart & Hegeman Electric Co.I-II,,,
9-
$4.50 preferred (quar.)
Cleveland Hobbing Machine
9-15
1
$1,50
A,_
B
1
Cleveland Electric
$150
4%%
10-
9-15
10-15
(quar.)
9-20
9-15
$175
i
dividend series
1
1
10-
(s-a)
62 %C
Columbia Electric
Canadian
preferred (quar.)
preferred (quar.)—
Armour & Co. (111.)—
$6 prior
preferred
(accum.)
$7
10-10
5%
pfd. (quar.)
Co.
10-
1
Co.—'
$6
1
preferred
10-
$1.50
_
11-
7%
10-
$1.50
II
common
9-10
$1.25
9-20
15c
$2
,
Apex Electric Manufacturing,
; t 7% preferred (quar.)
1
9-20
1
$1.25
$1
Anchor Post Fence Co., 6% pfd.
6%
preferred
(quar.):
i—
10-
1
10-
Brown
15c
(quar.)
9-10
62 %c
10-
9-20
$1.25
common
9-10
1
1
50c
4!/2%
Co.—
Power
1
25c
—
Anchor Hocking Glass Corp.,
1
1010-
Maine
10-
$1.25
(quar.)
$5 convertible prior preferred
(quar.)
$6 preferred
_iJ
10-
$1.50
$1.50
Central
10c
$1.50
$5 convertible prior preferred
$1.75
9-22
(quar.)
com.
(quar.)
A
Telephone
10-15
American Zinc Lead & Smelting Co.—
v
(quar.)
preferred (quar.)
preferred (quar.)
10-15
preferred
50c
30c
$6 preferred (quar.)
American Wringer Co,,. Inc.,——
9-20
*$2
?1 %C
10-
9-15
Kansas
(quar.)
9-15
(New
$1.12%
Co.
9-15
1
1
Central
(quar.)
9-17
1
10-
10-
8-31
(quar.)
(quar.)
1
10-
$1.50
1
County
5%
Co.
1
Co.
10-
25c
(quar.)
preferred (quar.)
Co. $3 pfd. (accum.)
(quar.)
preferred
6%
*$2
(quar.)
9-17
9-20
4.10%
$1.75
(quar.),,
10-10
1
10-
Corp
10-10
10-31
10-
75c
4%%
Bristol-Myers Co., 3%%
American Water Works & Electric—
;
Brass
10-31
$1.12%
Central Illinois Electric & Gas,
9-17
12 %c
9-17
9-17
t$1.75
1
1
(quar.)
Trust
Central Illinois Light Co.,
1
9-17
1
10-
1
8-31
10-
9-30
10-
$1.75
1
1
10-
9-12
1
10-
$1.75
9- 4
10-31
10-
m
$1.50
1
10-
9-
(quar.),,
10-
11-10
32 %c
9-10
9-17
1
$1.02%
9-15
1
1
*15c
9-15
10-
$1.18%
(quar.)
1
preferred (quar.)
9-15
9-12
$1
&
10-
$6
1
10-1
37 %C
10-
6%
10-
10-**
50c
(quar.)
Savings Co.
$1
Bronx
25c
American Sugar Refining, 7% pfd. (quar.),,
American Telephone & Telegraph (quar.)
American Thermometer, $5.50 pfd. (quar.),
American Tobacco. 6% preferred (quar.)___
York)
9-15
50c
common
50c
5
9-21
1
25c
Bank
Hanover
4
50c
____
10-
1
10-
$1.75
(accum.)
75c
preferred (registered)
British
(Indianapolis)—
Co.
Central
9-
$1.50
Quarterly
American Stores
9-15
1
50c
—
1
10-
15c
(quar.)
common
6% preferred (quar.)
American States Insurance
10-
9-22
10-
$1.75
(quar.)
12 %c
$1.12%
(quar.)
:j:50c
preferred
10-
$1.75
American Seal-Kap Corp. of Delaware
American Screw Co
6%
9-19
9-19
10-1
60c
common
Central Fibre Products,
25c
40c
(quar.)
$1.06%
9-11
Broad Street Investing Corp
50c
Manufacturing Co
American Optical
American Paper Goods, 7%
American Rolling Mill Co
9-11
1
4
35c
common
10-15
1
10-
9-15
$1.75
Go.,
(quar.)
10-30
10-
9-15
1
1
40c
(quar.)
Central Canada Loan &
35c
35c
1
1010-
5c
(quar.)
9-
50c
;
preferred
9-13
62 %C
(quar.)
$2 preference (quar.)
&
American
Ltd.
American Investment Co. of Illinois—
;
5%
1
5C
American Insurance
9-15
1
25c
(monthly)
9-15
1
5
20C
(quar.)
American Home Products
1
10-
$1.50
preferred (quar.)
preferred (quar.)
1010-
10-
25c
American Gas & Electric 4%% pfd.'(quar.),
American Hair & Felt Co. common
25C
preferred
Celotex Corporation,
10-
50c
1st
10-
$1.12%
—
.
2nd
$1
$1.50
Fork & Hoe, common
4%%
preference
(quar.)
American Fruit Growers (quar.)
7%
25c
$1.25
American
;;
$4.75
9-20
$1.50
$1.50
:
(quar.)
preferred (quar.)
9-15
Inc. (quar.)
Cordage Co., Ltd.—
1st
British
J.)—
Co.
6%
Felt
Co.
9-15
1
Ordinary registered (interim)
9-21*
1
10-
1
1
10-
9-21
$1.50
Corp. of America, common
preferred (quar.)
1010-
$1
(quar.)
British-American Oil
9-10
10-
Celanese
40c
1
$2
& Co., common
M.)
9-21
10-
$1
preferred B
$1.37%
(quar.)
British-American Tobacco
$3
Castle (A.
9-12
10- I
$1.25
(J. I.)
$1
6% preferred (quar.)
Bridgeport Hydraulic
(quar.)
Brillo Manufacturing, common
10-10
25C
Cyanamid Co., common (quar.),,
5%
preference
(quar.)
American Discount Corp. of Georgia (quar.)
5%
I
1
$1.75
American
American
10-
~
(irreg.)
:
(quar.)
American Coal of Allegheny
American
11-
68%C
9-21
10-
1
*37%c
preferred A
6%
30c
Mines,
Class A
—
American Car & Foundry common
-
1936.
9-21
1
(quar.)
Co.
Ltd.
E.)
Common
British
75c
of
div, series)
9-30
25c
68%C
6%
Case
Brazilian Traction Light & Power Co., Ltd.—
l/32nd share of class
or
9-14
Brandtjen & Kluge,
.
$2.75 Class A (opt.
1
'
(quar.)
Brantford
1928
series of
div.
10-
(quar.)
(quar.)
Co., common
7 e/o
preferred (quar.)
Cassidy's Ltd., 7% preferred
Company class A (quar.)
Bralorne
American Cities Power & Light Corp.—
'
9-21
8-31
—
Trust
Worsted Mills class A
preferred (quar.)
(E. J.) & Sons (quar.)
$1.25
9-17
9-21
1
1
25c
common—«
Personal Property
Boston
9-29
10-
1
10-
(N. Y.)
Insurance
Botany
9-20
1
10-
Herald-Traveler
Boston
1
1010-
75c
(quar.)__
(quar.)
Inc
(F.
Boston
1
5
25c
common
6%
American
American
5
10-
20c
75c
25c
(quar.)
Co
Booth
10-15*
10-31
.10-
20c
(quar.),,
Y.)
(N.
Alliance
Bakeries
5c
75c
25c
$1-75
25c
9-20*
*25c
B
6
$3.50
Y.)
(quar.)
Y.)
Railroad
Aluminum
Ami
9-22
9-
10-' 1
35c
(N.
Co.
(N.
Borg Warner Corp
Boston Elevated Ry.
3
50c
Insur.
American
American
(quar.),
Inc., com.
20c
75c
10-
1
9-10
Corp
Hats,
Class
9-14
10-
pfd
Ltd.—
Co.
2
1
Corp.,
Bond Stores,
9-14*
Alluminum
10-
10-
preferred
Bolin
Bon
9-22
10-
Birmingham Electric $7 preferred
$6 preferred (quar.)
Blumenthal (Sidney) & Co.—
7%
preferred (quar.)
Bobbs-Merrill Co. 4%%
preferred
9-20
2
(quar.)
Limestone & Cement—
Biltmore
8
10-
Capital Administration Co., Ltd—
$3 preferred (quar.),.
Capital Transit Co
Carnation Co., 4% 1st preferred (quar.)
Carolina Power & Light $5 preferred (quar.)
Carolina Telephone & Telegraph (quar.)
Carriers & General Corp. (quar.).
Carthage Mills, common
$1.50
Packing
Bickford's,
9-21
9-18
s-10
(quar.)
Bethlehem Steel Corp., 7%
10-11
11-
10-
1
preferred
6%
7
10-
9-10
10-
50C
1,
B
Bessemer
9-15
$1.50
k
«..
10-
6%
9-15
Co
1
Belding Corticelli, Ltd., common (quar.) —
7% preferred (quar.)
Bell Telephone Co. of Canada (quar.)
Belt R.R. & Stockyards Co., com. (quar.),,
9-20
10-
Shoe
common
York (N. Y.)
Creek
Beech
Beech-Nut
9-15
*ff
$3
class A
Allied Products Corp.,
Common
8-31
»i.5U
(s-a)
Co.
Inc.
Laboratories,
Allied Stores
1
20c
Markets 6% pfd. (quar.)
& Equipment (quar.)
Super
Electric
Allen
10-
Cannon
preferred
Class
4
10-31
$5
Iron
Vicksburg Ry.
&
9-
I
10-
(quar.)
preferred (quar)
$5
9-15
1
1
25c
$6'preferred
Alabama
9-'4
1
10-
750
Co. class A (quar.)
Manufacturing Corp
Akron, Canton & Youngstown Ry.—
5%
preferred
(quar.)-*.5%
preferred (accum.)
Alabama Power Co.,
1
8%c
N. Y.)
(quar.)
Ahlberg Bearing
&
10-
12-
*$1.75
Ainsworth
Fuel
10-
9-14
1
*30c
(Watertown,
Agricultural Insurance Co.
Alabama
10-
10-
9-18
5c
(initial quar.)
Baystate Corp. (increased)
Beatrice Creamery Co., common (quar.)
$4.25 preferred (quar.)
Beatty Brothers class A
4%
9-21
10-10
30c
(quar.)
Agnew-Surpass Shoe Stores, common
7% preferred (quar.)
'
10-13
40c
Addressograph-Multigraph
Aero Supply Mfg. Co. class A (quar.)
1
9-10
1
10-
125c
jfo
37%c
10c
62 %c
(initial quar.),.
Corp
Participating preferred A
10-
10-15
10-1
10-20
of Bee.
1
75c
i
15c
preferred (quar.)
Bastian-Blessing Co., common (quar.)
$5.50
preferred
(quar.)
Bath Iron Works Corp
Bausch & Lomb Optical Co., com. (quar.),,
of Rec.
Payable
$1
Co
$1.25
5y2%
Holdert
When
Per
Share
Name of Company
Mills
10-
Yorktown
Bros.
Cannon
(quar.)'—---——
Asphalt
Barker
Miscellanaous Consoanloa
9-20
$1.75
Bankers Trust Co.
Barber
1
mm
Houiere
10-
10c-
10-
(quar.)
Manhattan
of
of
Bank
preceding table.
Industrial and
mm mm
—
When.
Payable
25c.
Canadian Wirebound Boxes glass A
12 %C
m
Per
Share
9-20
18c
(quar.)
Hydro-Electric,
preferred
preferred
weeks and not yet
Abbott
Co.
Name of Company
1
(quar.)
com.
-»«.«»
«•»
■.
of Bee-
10-
37 y2c
—
Bangor &, Aroostook RR., 5% pfd. (accum.),
Bangor
Below we give
Welt
gXtra
Bolder$
When
Payable
35c
Inc.,
Axe-Houghton Fund,
Class B
(irreg.)
Backstay
-
50c
(B. F.) & Sons, common
preferred (quar.)
Avery
6%
9-24
10-
20c
——
10-
$1.25
Wiggins
•
Per
Share
Name of Company
of Bee.
Payable
Sham
nanus of Company
Holderi
When
"
''Per
4
Monday; October 1,1945
50c
3iy4c
*$2
$1.19tA
■*■' $1.35
10-
1
9-14
9-14
11-15
11-2
12-
11-16
1
10-
1
10.
1
10-1
9-15
ou
rr
9- 7
Vt
*<-Li
»V olurrie l i 62 | - N umber 4425
THE COMMERCIAL & FINANCIAL CHRONICLE
Per
Name of Company
When;
Share-
93%& i
10-
1'^
1
Continental Gas & Electric
Corp.—
■: 7Vo
prior preferred (guar.)
Continental Gin (resumed)
Continental Steel Corp.
50c
(irregular)
^25c
.
6y2%
Corn
Exchange
National
preferred
(quar.)
&
(C.
B.)
&
preferred
Cream
of
Sons,
Crown
Seal
National
National Stores, Inc. (quar.)__
Brothers $5 preferred (quar.)
Crum
&
Porster
8%
10-
T'y
9-15
10-
1
9-17
6%
9-18
9-18
& Wallace, $3 class A
Foreign Light & Power—
8% 1st preferred (quar.)*
10-
1
9-21
Foremost
Ltd.
10-
1
9-24
10-
1
9-20
Foster
10-
1
9-20
Co.
40c
10-
1
9-22
&
Extra
Port
10-
1
40c
10-
1
9-14*
(quar.)
t50c
(quar.)
8%
preferred
RR.
11-
preferred
1
25c
10-20
10-
75c
7
Supply
Co.
9-
1
9-21
Gemmer
1
9-20
$1.75
10-
1
9-20
877ac
10-
1
9-16
10-
2
9-16
10-10
P-30
of
N.
Y.,
com.
Pinna
Detroit
(A.)
Steel
pfd.
(quar.)
11-20
10-
$1.1272
10-
1
10-
1
1
9-25
75c
t$1.25
25c
627aC
J30c
44c
(quar.)
t35c
Glass
& Chemical, 5% %
pfd. (quar.)
Dominion Textile, common
(quar.)
7% preferred (quar.)
Dow Chemical Co., common
1
10^10
10-10
10-
9-10
9-29
10-15
9-30
10-
9-10
1
10-15
f$1.75
10-15
J30c
10-31
10-31
J$1.377a
11-
10-
1
$$1.75
10-15
9-27
9-27
1010-
1
$$1.25
75c
1
1
10- 2
;
9-
5
9-14
10-15
10-
1
$1
10-15
10-
1
$1.75
10-1
75c
9-20
10-
1
75c
10-
1
9-20
$1.75
10-
1
9-15
75c
10-
1
9-15
Common
Bradstreet, 472"%
preferred
Duquesne Light 5% preferred (quar.)
E.ason Oil $1.50 preferred (quar.)
$1.127a
10-
1
9-20
10-25
10-10
10-15
9-15
10-
9-22
3772C
Eastern Gas & Fuel Associates—
prior preferred (quar.)
preferred
(accum.)
convertible
preferred
5
$1.1272
10-
9-15
75c
9-15
10-
9-21
50c
(quar.)
10-
25c
common
10-
9-21
Eastern Steel Products—
preferred
Economic
Edison
$25c
Ltd.
9-
5
10-
9-
5
(irreg.)__
80c
10-
$1.0874
10-
9-20
25c
10-
9-20
(quar.)
$1.25
10-
9-20
(increased)
75c
10-
9-14
75c
10-
9-20
15c
10-
9-15
20c
10-
9-20
62Vic
10-
9-17
Auto-Lite
Electric
Controller
Co.
&
Electric
Manufacturing Co
Household Utilities
Electrical
Products
Consolidated
Elliott Co., 8% preferred (initial
Elizabethtown
Consolidated Gas
El Paso Electric
Co.
$4.50 preferred
Embassy
(quar.)
quar.)
8-31
(quar.)
$1.25
7%
9-21
$1.1272
com.
10-
9-14
30c
10-
9-10
30c
Realty
Assoc.,
(quar.)
10-
9-10
(quar.)
Extra
preferred
(quar.)
General
Corp.
Trust
5%
$4.50
preferred
A
preferred
General
$6
Time
6%
preferred
Gibson
4 Vo %
9-21
10-15
10-
1
10-15
10-
1
1010-
1
2
60c
10-
1
10-
1
11-
1
10-
472%
11-15
11-
6%
9-19
10-
1
&
10- 1
&
Belyea
Gorton-Pew Fisheries
5%
preferred
of
A
American
$2
$2
partic.
Great
West
1st
preferred
6%
2nd
1
.
10-
9-20
(*
9-20
L.)
Co.
6%
9-24
Investment
10-
9-12
Investors Fund
9-15
6%
10-15
9-29
Iowa
6%
Iowa
10-
1
10-
1
9-15
$7
$1.50
10-
1
9-19
10-
1
9-21
$6
9-20
9-14
9-14
(s-a)
12-
1
11-16
$2.50
10-
3
9-13
10-
5
Guardian
10-15
10-
5
$1.50
25c
10-
1
65c
10-
1
10c
10-15
$25c
America
10-15
(resumed)
pfd.
(s-a)
3c
9-21
9-10
10-
1
9-17
10-
1
10-
1
9-
8
10-
1
9-
8
SI.50
conv.
preferred B
(quar.)
37,72c
10-
1
9-
8
<N.
Investment
(irreg.)
Non-cumulative
Fansteel Metallurgical Corp.—
$1.25
12-20
12-15
(Syracuse,
Quarterly
$2.50
10-
1
9-15
25c
10-
1
9-15
1-
Co
Fedders Manufacturing Co
of
Finance
3772C
N.
J.
Corp.
(quar.)
35c
(Wash.,
D.
Common
(quar.)
6%
preferred
(quar.)_*
Federation Bank & Trust (N. Y.)
Feltman & Curme Shoe Stores—
Cleaning & Dyeing—
(quar.)
'
10-10
9-20
10-
9-20
1
C.)—
50c
10-15
9-29
10-15
9-29
25c
10-
1
9-22
$4
11-
1
10-15
10-
1
10-10
10-
9-
4
10-
1
Power
T/o
preference
8-30
Jamestown
10-
8-30
Jersey
10-
9-10
572%
10-
9-10
6%
preferred
10-15
7%
preferred
Jewel
11-
10-
9-15
11-
10-15
Tea
Co.,
I
Insurance
C
Power
&
8-31
lj^
8-31
10-
1
8-31
10-
1>£ 8-31
10-
1.
$1.50
$1.75
79c
^ 50c
$1.25
$1.25
$1.50
$17c
(initial)—
pfd.
9-15
12-
11-15*
$1.25
$1
10-
9-25
10-
9-22
4%
20c
10-
9-15
Kansas
Electric
$122
$1.25
10-
Kansas
Gas
10-
9-29
10-
9-12
$6
$6
'*
Electric
&
preferred
-
Co.
9-15
10- 1
9-15
$5
Kaufman
*
9-
7
10-
9-
7
10-
9-20
10-
9-15
10- 1
9-21
$1.50
20c
25c
$1.1272
10-
1
10-
1
Katz Drug,
$1-50
(quar.)
;
'
«%c
$1.75
$1
50c
10-20
10-
6
I
9-18
10-15
9-28
10-
A.)
Ltd.
$4 50 preferred
Kendall
Co.
Kendall
472%
9-29
10- 1
,10- 1
10- 1
9-15
9-14
S1.12V&
25c
50c
$1.127a
$1.75
1272c
25c
15c
(quar.)
—•
37'4c
3772C
—
(quar.)
10-
9-14
10-
9-22)
75c
3772C
$1.25
10-
50c
11-
10-
9-15
9-14*
10-15
9-14
9-15
>•
10- 1
9-20
J-J*2!
10- L:.;
10-
;
9-14
1
9-16
10- 1
10- 1
10- 5
10-31
10- 1
10- 1
9-21
9-17
9-22
10- 2
9-15
9-15
9-20
3®c
10-1
—
in-15
10- 1
10- 1
Kimberly-Clark Corp., common (quar.)—,—
3772c
10- 1
12'2c
10-
Kidde
Fibre
Co.,
(Walter)
6%
pfd.
conv.
(quar.)
pfd.
r
—
(quar.)—
& Co
Extra
472%
•
preferred
(quar.)
King-Seeley Corp., 5%> conv. pfd.
Kirkland Lake Gold Mines (s-a)
Kirsch
Klein
Co.
$1.50
(D. Emil)
(quar.)
1
,
*
9-24
9-17
9-12
9-12
10- 1
9-12
25c
10- 1
11- 1
9-15
*2c
—
1
9-29
.
$1.127a
——-
preferred (quar.)_„
Co., Inc. (quar.).—
*
9-15
10- I v-
$112l/a
—-
67*
9-20
10-
9-14
1
$1-50
$1.50
25c
Keyes
Utilities
9
v'
,v
•
10-
;■
Refining
Kentuckv
1
9-20
12-
-\<
(quar.)
preferred
K
10-15
$1.75
(quar.).
———
9-17
...
(Charles
1
1
9-20
10- 1
Inc.-—
Kaynee Co. 7% preferred (quar.)
Kearney (James A.) Corp
Kellogg Company
J—
Kellogg Switchboard «<fc, Supply, common
Kelsey-Hayes Wheel Co., class A (quar.)
Class B (quar.)
9-15
30c
(quar,)-
Refractories Co.—
10-
$1.25
Inc.
9-
10-
10-15
•••
(quar.)_
Light Co.—
preferred (quar.)
Department Stores,
9-1
9-1
10-15
-
15c
preferred
472%
9-»
10-
10-
$1.50
Co.,
10-11
1
1
50c
pfd. (quar.)
pfd. (quar.)—
Gas
Kaufman
40c
10-
12-15
Kansas Power &
10-
^
$1.25
—
5%
7%
Natural
if 9-10
l^-l 10-18
11- 1.10- 6
,
(quar.)_—^
Kansas-Nebraska
9-10
$1.50
preferred
Power
9-10 ?
,15c
———.
preferred
c^;
1
10-1
11-
6272c
Common
1
JO- 1
10-
$1.0674
City Power & Light Co.—
(quar.)
Kansas City Southern Railway Co.—
10-
8-31
"
_
$1.50
(Ottawa)
v??'
10- 1 ^ 9-15
Kansas
75c
(irreg.)
<quar.)_
9-15 h-
1
$1,377!
(quar.)
34%c
10-
1-2-46?i-12-14
.
9-10
Common
11-30
10-
Corp.
5%
9-20
; 12-15;
Xl74%
.
(quar.)
(quar.)
(quar.)_.
Inc., 474%
Sons
9-20
1#
10-
1st pfd. (quar.)_
Light Co.—
9-10
(E.)
10-1
10-
xl%%
xl7i%
(quar.)
10-
(quar.)___
Haverty Furniture Cos., $1.50 pfd.
Glass
Co.
(quar.)
Haytian Corp. of America (irreg.)
% 9-10
50c
9-20
x$1.75
10-
—
Co., $3 pfd. (quar.).——
"V; JO- 1
15c
$1.50
(quar.)
Publishing Co.
$3
Manufacturing 7% pfd. A (quar.)„
Harrisburg Gas 7% preferred (quar.)
.Hart
&
Cooley
Hartford Fire Insurance Co. (quar.)———-
.11-10
(quar.)_
Kalamazoo Vegetable Parchment Co.—
.
preferred
1
17c
35c
$1.0674
25c
Y.)
9-20
>12-
9-20
50c -^10- 1-^-
Kahn's
40c
pfd,
(N.
1
(quar.)
9-25*
(quar,)
Paper Co.,
Fire
10-
$1.50
common
10-
(quar.)
preferred
1
(initial)
Journal
55c
preferred
ls,p
10-
50c
9-11
9-20
1
10-
>.'■
9-20
10-
ig; 9-20
9-15
10-
-
10-
9-
9-20
9-15
9-15
30c
10-
1
10-
1
(quar.)
preferred
Johns-Manville
,10-
;
1. V; 9-15
$1.50
Telephone, 6%
Central
1
1
10-
10c
(quar.)
preference~EK (quar.)
10-
1*0% 9-15
10-
$1.75
(quar.)
'preference B
9-29
$1.6272
—
Service,
A
(i 10-
9-15
-10-
common...
Mfg.
preferred
5%
Investment Trust—
series
Co., $6
Company
Harbison-Walker
6%
H.)
Public
»
»
$1.75
(quar.)
$1.50
Hamilton Manufacturing Co.—
Class A participating preferred
Hammermill
pfd.
(quar.)
(quar.)
(E.
9*12 '■■■
10-15
10-15
75c
(quar.)
prefererd
Jamaica
9-20
25c
Hazel-Atlas
$1,75
4
10-
—
Corporation
Hartman Tobacco
:
9-
JO-1
25c
87Vic
80c
(Hartford)
9-15
8174c
'
preferred
$6
9-20
10-
tl5c
|
Hanover
Common
317.C
(quar.)
9-44
?
pfd. (quar.)
372% pfd. (initial)—
Jones <fe Laughlin Steel, common
(quar.)
5% preferred A (quar.)
5% preferred B (quar.)__
Joplln Water Works, 6% preferred (quar.)_
Harris
$1.50
(accum.)
preferred
Gulf
Haloid
V
*5 preferred (quar.)
Farmers & Traders Life Insurance
Oil
S-10
75c
(accum.).
Guardian Rail Shares
Extra
1
Public Utilities Investment Trust—'
Preferred
Gulf
Y.)
Trust
9-17
20c
Co.
preferred
Guardian
10-
10-15
.
13c
Manufacturing Co.
40c
—
Guaranty Trust
•:
$1.50
Light 7%
$1.75
Western Brewery, com. (irreg.)
preferred
(quar.)
Griggs Cooper & Co., 5% preferred (quar.)
Group Corp., 6%
pfd. (accum.)
Gruen Watch Co. (quar.)
Guantanamo Sugar 8%
preferred-—;
$5 preferred (initial)
10-15
$6
7%
572%
30c
9-10
9-10
*25c
Griesedieck
9-20
9-24
11-15
V $75c
24c
10-
9-15*
10-15
^
Irving Trust Co. (N. Y.) (quar.)
Island Creek Coal Co., common (quar.)
9-29
1
$0,049
10-
1^ 9-15
10-1
(accum.)
Service,
Fireman
1
30c
Bros.
1.
10-
35c
preferred (quar.)
preferred (quar.)_
1st preferred
(quar.)
10-
t25c
pfd. (quar.)
1
10-
10- 1
,35cs.-t.,12»,.l
1st
10-
50c
75c
9-14
10-10
Public
40c
Common
10-
$1.50
$6.50
9-15
75c
9-21
10-
&
C
preferred
t75c
9-21
10-
Power
t75c
10-
10-
preferred
5%
10-
9-10
(quar.)
10-
(Winnipeg) —
6%
9-15
$1.75
Electric Light & Power—
7% preferred A (accum.)
672%
preferred B (accum.)
$1.50
Cooperage, class A
Greyhound Corp., common (quar.)
474% preferred (quar.)
$1.25
Inc.
9-18
Jacobs
Greif
$1.50
"C"
9-18
(quar.)
2
i 10-
10-2
-f
Ltd.—
prefererd (quar.)
9-20
$1.25 partic. preferred
1
10- 2
w—
Foundation,
convertible
10-
(irreg.)
11-
,11- 1
$1.50
$$1.75
Iowa
6%
93 %c
common
.
9-10
10- 1
-
45c
9-12
40c
(quar.)
Wire Co., Ltd.
9-15
9-10
.
50c
10-
preferred
-
9-17
,/
t83/4C
j
9-12
627aC
9-21
$1.3772
1st
10-
10-
1
Iron
$3.50
(quar.)
7%
Co
10-
L_
9-24
1^ 9-17
10-
t$1.75
*
Co
10-
10-
75c
10-
(quar.)
*'
r-
(quar.)
pfd. (accum.)
$1
(quar.)
%
10- 1
$35c
(quar.)_.__
$1.75
(quar.)
Greenfield Gas Light,
par)
5674C
(quar.)
9-15
1
Ltd.—
Telegraph
40c
(quar.)
9-15
,
Jntertype Corporation
(quar.)
Investment" Co. of America
$1.25
(increased)
.10-
37M»c
International Silver Co., 7 % pfd. (quar.) -L:.
Interstate Department Stores, Inc.
(quar.)
Interstate Telephone $0 preferred (<iuar.)>;_
11-
10-15
r 10-15
;
.
10-15
9-15
10-
9-22
9-15
9-20
•
10- I
10-
60C
j 9-15
,
PoWer
$1.25
1
v, 3772C
Shoe
87 V2C
v
10- 1
10- 1.
,
....
Salt
—
10-
Co.—
7%
preferred ($5
International Ocean
9-11
9-12
*
-
1
20c
Products
'A,
10-
$20c
Machine
9-20
1
10-
'
$377ac
Sewing
9-7
10- 5
10- l!|
50c
•
(quar.)
Button-Hole
1
10-15
65c
:j:62c
J6272C
(quar.)
Sugar, common
preferred
(quar.)
(H.
preferred
10-
50c
50o
common...
International
preferred
Green
Rayon Corp.,
International
(quar.)
Western
9-21
9-20
"
9-15
9-21
1
Saddlery Co., Ltd.—
6%
Great
1
10- l
30c
International
(quar.)
Assurance
10-
$1.25
(quar.)
9-11
f$3.75
West
preferred
9-15
Quarterly
Great
5%
9-17
partic. preferred (interim)
preferred (interim)
Life
9-28
50c
Corp.—
preferred (accum.)
1st
40c
Y.)
10-31
....
9-15
20c
30c
9-17
(quar.)__
(N.
1
75c
10-
^
Insurance
9-21
10-
$1.03 7a
10-
10-1
10-
Paper Co., Ltd.—
class A
_
——
10-
5%
Great Lakes
10-31*
12- 7
.
; Class A (interim)4$l,l2^i
(Canada)—
(W. T.) Co., common
preferred (quar.)
3%%
preferred
(initial)
11-20
;3%
$1.31V4f<
10-
30c
Grant
9-14
'
9-15
....
10-
(quar.)
preferred
10- 2
v
10- 1
75c
25c
Ltd
6%
12-20
(quar.)
$1.1272
(quar.)
preferred
(quar.)
5%
9-25
12-30
25c
$1.25
(interim)—
Rubber
•
10- 5
>
—
$1.0674
common—
(quar.)
&
10- 1
15c
$1.50
Co.,
.
11-16
9-15
8772c
$1.50
(quar.)
Common
Gordon
....
12- 1
$1.18%
47a % 1 preferred < initial quar.)
International Nickel Co. of Canada,
7%
preferred
(quar.)_—
25c
(quar.)
State
Golden
,
9-15
10- 8
$1.50
$$ 1
(irreg.)
6272C
Telegraph Co.
1
International Harvester Co. (quar.)
International Metal Industries, Ltd.«
9-21
$1.13
Stock
12-
$$1.25
Extra
9-14
10c
(quar.)
^
Globe-Wernicke, 7% preferred (quar.)
Godchaux Sugars, Inc., class A
(quar.)—_
Gold
—.
...
Quarterly
9-10*
67c
(quar.)
preferred
9-25
1
$1.25
Co. (quar.)
:
International Cellucotton
1
•
preferred
$4.50
9-10
10-10
12-
Inter-Ocean Securities Corp. 4% pfd. (s-a)
Interlake Steamship Co. <lrreg.)_.li-i...w—
International Bronze Powders, com. (quar.)
8
$1.50
(quar.)
common
77ac
Brownhoist
conv.
International
9-29
$1.25
preferred (quar.)_
Glatfelter (P. H.) Co., 5W )>fd. (quar.)
Glens Falls Insurance Co. (N. Y.)
(quar.)_
Co.,
9-29*
9-29^
10- 1.
$2,916
(quar.)_.
preferred
Industrial
*
9-20
.
preferred
Industrial
9-15
10-20
50c
Art
Glidden
10-10
10-15
10-15
'
-
(quar.)
Plantation,....-.:
Indianapolis Water,
9-20
1
10-
6c
Co. (quar.)
;
1:
Gilbert (A. C.) Co. $3.50 preferred (quar.)
Gillette Safety Razor, $5
10-10
9-25
■
$1,317*
preftrred_X<fuar.)
574%
11-10
(quar.)
Corp.
(quar.)._—__
10- 1
Indianapolis Power & Light.
11-10
11-25
common——-
Greenwich Water System,
3772c
United
10-25
11-25
$1.25
Instruments
preferred
10-20
.
.
_■'Vv
preferred (quar.)
Indiana & Michigan Electric Co.—
9-29
25C
(irreg.)
Georgia Power $5 preferred
11-21
$2.50
$3
9-10
$1.25
Railway Signal, common
6%rpreferred (quar.)—
General Telephone Corp.—
$2.50
9-15
12- 1
10-20
—»—
9-15
1
10-11
$1.75
General
Greening <B.)
(quar.)
7%
1
10-
40c
(Boston)
preferred
Greenwich Gas,
preferred A
Fenton
10-
30c
Printing Ink Corp.,
9-10
conv.
preferred
1
25c
;
pfd. A (s-a)
Corp.
,10-1
Indiana Gas & Chemical Corp.—
General Motors Corp., $5 preferred
(quar.)_
General Outdoor
Advertising 6% pfd. (quar.)
General Paint Corp. $2.67
9-15
$1.50
$7
9-10
Inc,—
preferred (quar.)__.
10c
Aircraft,
Ltd
Brewing Corp., 6%
Family Finance, common
Co.
H
627aC
5c
Machinery
10-
*1.25
Falstaff
Services
r-» O
(quar.)
$2
9-21
(qyar.)
Insurance
9-20
27C
9-21*
(quar.)
Federal
9-20
1
17aC
10-
;
Federal
1
10-
(irreg.)
5674c
(quar.)
Rubber
10-
15C
(quar.)
40c
Fairchild
Faultless
1*
9-21
<quar )__
Investors
10-
Railroad Co.—
Co.
9-
1
9-14
35c
93%c
common
Illinois Zinc Co. (quar.)
Imperial Chemical Industries, Ltd.r—
Ordinary shares: (interim
Imperial Paper & Colour
Incorporated investors
Independent Pneumatic Tool Co
Transportation Corp.—
10-
:.
European & North American Railway
Eversharp, Inc. (quar.)
Insurance
1
10-
$1.12 7a
(Tex.) 6% pfd.
$1
preferred
(quar.)
Engineers Public Service $5 pfd.
$5.50
preferred (quar.)
$6 preferred (quar.)
5%
preferred
Ex-Cell-O Corp.
10-
75c
9-12
25c
6272c
Illinois Commercial Telephone Co.—
$4.75 preferred, (quar.)
General Mills,
■
Corp.,
(quar.)
Hyde Park Breweries Assn.
1*
1
25c
9-15
9-
Co., Inc.—
75c
4%
Excess
•
9- 1
10-
10- 1
—r
common
9-30
^
$$1.37
$1.75
preferred (quar.)
7%
preferred (s-a)
Endicott Johnson Corp., common
Extra
1
9-29
$$1.25
Participating
47a %
preferred
10-15
10-
12- 5
"
10- 1
30c
Sugar
Huttig Sash^dc DooyCo.—*
5%
9-20
12-15
'
(irreg.)
Hutchinson
1*
Fireproofing Co., 1%
50c
(quar.)
Empire Trust Co (N. Y.) (quar.)
Emporium Capwell Co., common.,
5%
9-24
immMM
9-
pfd. (quar.)__
General Industries 5% preferred
(quar.)
General Instrument Corp
Manufacturing—
preferred
9-21
1
1
(quar.)
10c
Electric
1
10-
Extra
General
7%
Preferred
Emerson
10-
(Texas)—
(quar.)_
Emerson Drug, 8%
1
1010-
5c
Common
Great
participating class A
Electric
Erie
1
Brothers Stores—
4V4% partic. preferred (initial quar.)
Elder Manufacturing Co., common
5%
9-15
10-
$1.50
Trust,
10-
$1.50
(quar.)
Investment
$20c
10.
Corp.,"
Hummel-Ross Fibre Corp.-—
$1.50 preferred
(quar.)
Huron & Erie Mortgage Corp.
10-15
Graham-Paige Motors Corp.—
5%
convertible
preferred
(quar.)
Eastman Kodak Co., common
6%
9-22
:
10-15
$1.50
(quar.)
Capital
Goodyear Tire
4Vi%
Inc.,
1
$1.25
(E. I.) de Nemours & Co.-—
$4.50 preferred (quar.)
Steamship Lines,
9-
$1.12J/2
(quar,)_
duPont
$2
1
10-30
+$1.25
(quar.)
preferred
(quar.)
i
Draper'Corporation (quar.)
Dravo Corp. 6% preferred
(quar.)
Duke Power Co., 7% preferred
(quar.)
6%
8
10-31
tlOc
_
Dominion Tar
Eastern
1
10-31
10-31
Baking Co.—
General
*___
&
11-
2-
'
Extra
Dun
3-1-46
Ltd.—
preferred A
(quar.)
(quar.)
-
preferred
General
Co., Ltd., common (quar.)
7% preferred
(quar.)_^__^
Dominion Oilcloth & Linoleum
(quar.)_
•
6
'
non-cumulative preferred (quar.)
Dominion Foundries &
Steel, Ltd.
*$4
9-29
10-
10-
15C
10- 1
10- 1
-
25C
1st preferred B.
6%
'
A (quar.)
Dow Drug 7%
9-28
10-10
10-20
5%
Dominion
10-15
25c
$1.0674
9-29
50c
pfd.
conv.
General Electric Co
General Finance Corp. 5%
6% preferred B (s-a)
9-25
10-
30c
(quar.)
8%
9-15
5c
15o
Mines, Ltd
Dairies,
1
12-24
10-25
25C
Quarterly
General
1
Products
preferred
General Box Co.
1
11-30
19-16
9-20
50c
Howard Stores 574% preferred (quar.)
Howell Electric Motors
Howes Brothers 7% preferred A
:
9-29
12-15
Finance
preferred
9-20
,10-26
30c
quar.)
'
9-20
1
10-18
$$3
(quar.)
Investors
General American
1
12-24
(quar.)
participating preferred (s-a)
Distillers Corp.-Seagrams, 5%
pfd. (quar.)__
Dixie, ^Cup Co.,
common
Cljiss
10-
(accum)
common
General American Oil
General
9-15
150C
Manufacturing Co., class A
9-20
10-
6%
Dominion
9-15
10-
1
12-
Co., class A
Diamond Match Co.—
•.
1
75c
(quar.).
Dewey & Almy Chemical, $4.25 pfd.
•
10-
$1.75
6%
coffvertible preferred
Detroit Edison Co. (quar.)
Dome
10-31
$1.75
Denver Dry Goods 472%
De
10-
25c
Y.)
'
$4
(quar.)
General American
$1.50
(quar.).
preferred
1
10-
25c
preferred
1
$35c
(quar.)
10-
$4.50
3%%
10-
A
B
Co.,
1U-
common
preferred (quar.)
class
class
preferred-
5 Vz %
Household
'
Humberstone. Shoe
preferred
(N.
25c
25c
!
5%
9-15
9-15
25c
$1.50
Power
9-15
1
$1.75
$1
Co.,
9-15
1
1
Grain
377aC
Extra
7%
convertible
Gatineau
"9-20
1
9-29
1
10-
loif; J25c
(quar.)
^
9- 8 "
9-20
10-10
25c
(quar.).^
Compahy
1
10-
*
Co.
D.)
10-
10-
& Malting, com.,
(special)
(quarterly)
Fuller Brush Co., 7% preferred
Fuller (Geo. A.) Co., 4%
conv. pfd.
(quar.)
5
10c
& Light Co.,
Long Hook & Eye (quar.)
J.)
Fyr-Fyter Co.,
5
(quar.)^_
Ltd.—
Furnace
(H.
10^
40c ;
of Canada
Paper
$1 class A
Houdallle &: Hershey
Class A tquar.)
Class
B
3772C
(quar.)
.1...
(initial
Holophane Co., Inc.
(irreg.)
Holt (Henry)
& Co., Inc.—
s
6.%-pfd.-el. A
(quar.)
;
Dauch
TO-
10c
Common
-
Gannett
11-
(quar.)
Delaware Power
Dentists
— —
11-15
$1
Cohn
.
——
12 %C
(quar.)
&
1
12-18
1
9-24
75c
'
&
Holland
9-17
;"-lo<j.'-;
(quar.)..
«- 8
1
10-
12Vic
Corp.
Holmes
9-17
Fulton Trust Co.
•
1
1
$1.50
Co
Co.
Corp.
Ltd.
(A.
Froedtert
9-13
10-
12-31
11-
Dejay Stores, Inc
7%
1
$3.50
.
'
De
6%
10-15
10-16
Co.—
(s-a)
(Alfred
10-
30c
Cunningham Drug Stores, common..
Curtis Publishing Co. $4
prior pfd. (quarj.
Darling Stores Corp., 6% preferred (quar.)
Davenport Hosiery Mills, Inc., common
7%
preferred
(quar.)
Dayton & Michigan RR., common (s-a)
Decker
11-15
25c
(quar.)
Friedman
10-
10- 1
75c
(quar.)„
Foundation Co. of Canada (quar.)
Four-Twelve West Sixth Co.
9-20
$3
Clinton
Kleiser
Eraser Co.'s
11-20
50c
Cotp..^:
Motors
of Nee*
1
10- 1
,
$1.50
(quar.)....
...
Hinde
25c
prefened
10-
$1.75
'
Holder*
Payable
$1
"7% preferred (quar.$1.75
Hilo Electric Light, common
...
30C
:
9-19
'•
(irreg.)_
$2
7%
I
common
Insulation
&
9-15
1
10-
(quar.)._
Foster Wheeler
(accum.)
common
10-
$1.25
$6
X.
Hibbard, Spencer, Bartlett & Co.— •Iv^&V1" 'r *
(Monthly)
«-T__
i,
15c
Hickok Oil Corp., 5%
preferred (quar.)....
> 317*c
*
Dairies,
$1
preferred
Culver
Forbes
1
1
$1.50
10- I
Herbrand
Hercules
?
10- 5
17%C
10-
$1.50
10-20
$20
v
Shoe Co., class A (quar.)
*
Class -B.:;(■
preferred
9-15
62 ViC
*.•
10-
(quar.)
A
(quar.)__-
Florsheim
(quar.)
Packing
York)
Fitzsimmons Stores, Ltd.—
7%
preferred (quar.)
Insurance Shares—
preferred
Cudahy
Co.,
Corp.,
(New
$2.62 7a
Formica
9-15
5oc
First
9-25
9-20
1 v
Co., common_.„_..._.„
(quar.).^".^.ij.
preferred
Henkel-Clauss Co.
"
First
10-15
1 y
(George W.)
f'"i 7%
10-17
1
10-
Fisher
Bank
10-17
to-
$2
Rubber
9-15
$1.50
common
&
$1
common
&
Forster,
Tire
9-15
6%
Cork
Zellerbach
Firestone
Hf
Helme
when
'
4
Share
9-29
TO-
'
...
Fer'
O/Ree.
10-25
(quar.)_-
1
!
(quar.)
&
pfd.
(quar.)
1553
Holder*
i' -.
fri 10-25
$1.183/4
1
Wheat
Crum
;
4%
Pennsylvania
127ac
International, class
Crown
1
of
10-
25c
-
When
Payable
'
$6
,——..—>
877aC
Cork
Crown
10-
Co.
(quar.)
10-
$1.3174
*
_
(quar.)™..
preferred
Extra
9-14
Co., common
(quar.:
10-
Corp. (quar.)
Crompton & Knowles Loom Works—
6%
Finance
to
(quar.)j.,,
$1.75
...
(accum.)
6%
9-18
Share
Y.
4%% -f preferred
Filing Equipment Bureau
<-•; 9-15
-
Sons
•
1
Trust
—
Coronet Phosphate Co
Corroon & Reynolds
Corp.—
$6 convertible preferred
Cottrell
9-15*
(Wm.J
of N.
50C
(accum;)„
Bank
(Phila.)
(quar.)
Cornell-Dubilier Electric— /
$5.25 preferred A (quar.)
Corning Glass Works, common
3V£%
.
Filene's
*
Bank
$1.62 7a
•
.
preferred (quar.)*.
(Peter) 672% preferred
Cooper
9-14
Avenue
10-
1
•
Continental Telephone Co.—
7% partic. preferred (quar.)
?
^
10-1
$1.75
-
_
Fifth
9-14*
10- 1
-10-
Name of Company
0/ Rec.
■Payable
$1.90
:;v!
't Per
"
Continental Baking $5.50 preferred
(initial)
Continental Bank & Trust <N.
Y.) (quar.).*
Continental Can Co., $3.75 preferred
(quar.)
£
Holder*
37/2C
25c
10- 1
10- 1
9-28
9-19
9-20
?
'
^
"t-n**.'"1
->«».•*(»t*
'r**'
:
-r-r.
-':■■•+.
*
10-15
1
40C
10-
1
9-12
$4 preferred
$1.18%
10-
I
9-12
Montaha-Dakota
$1
10-
1
9-20
10- 1
$1.50
11-
1
10-15
$1.50
10-
1
9-20
Sessions, $2.50 preferred (quar.)Landis Machine Co., common
(quar.)
Lane Bryant, Inc. 7% preferred
Lang (John A.) & Sons (quar.)_
&
10-
1
9-17
1
9-22
Moore-McCormack
10-
8-28
1
25C
$1.94
11-
11-15
5
10-
10-15
9-29
10-15
9-29
7%
preferred
(quar.)
Latrobe Electric Steel
f
Leath
Water
Lenox
Lerner
Life
&
Oil
10-
1
9-24
10-
1
10-
1
9-18
10-15
9-28
pfd. (quar.)
9-20
10-
Extra
&
10-
1
$1,75
_
1
11-
25C
10-15
10-15
9-29*
6%
37 ViC
10-
1
9-18
11-
1
10-15
National
9-21
Taylor, common
Gas
6%%
nreferred
9-26
11-20
National
Folding
10-
9-17
National
Food
10-
9-
7*
10-
9-
7
(P.
R.)
6%
Tire
&
preferred
10^
35c
10-15
9-21
9-29*
10-15
50c
9-29*
10-
$1.50
9-20
1
50c
10-
1
9-20
40;
10-
1
9-
5
10-15
9-30
10-
50c
$6.25
9-22
1
$1.50
25c
Marion
Water
Maritime
7%
-
Power
7%
Tel.
&
preferred
Martin-Parry
Marsh
v
(M.)
(N. Y.)
$5
preferred
pfd.
10-
1
9-15
15c
10-
1
9-10
preferred
9-20
1
9-15
10-
Niagara
Nicholson
40c
30-
1
9-15
$1.50
10-
1
9-25
37 Vac
preferred
10-20
"
11-30
11-20
10-
American
North
2
American
One
every
$1.75
(quar.)
1
share
6%
preferred
11-28
10-15
9-29
Prior preferred
10-
9-20
75c
$1
(quar.)
1
10-15
25c
10-
10-
1
9-18
10-
1
9-18
75c
10-
1
9-15
50C
10-
1
9-15
30c
common
12- 5
12-
12-
5
12-
1
preferred
6%
9-20
1
9-20
preferred
$1.31V4
10-
1
9-20
10-
1
9-17
Northwestern
10-
1
9- 4
Machine
(quar.)
Co.
_
62Vic
_
97Vic
$91
25c
10-18
10-
1,6%
preferred
(quar.)—
$1.50
10-
Nor1 western States
9-14
9-29
10-
1
9-15
11-
1
10-16
$1.25
10-
1
9-15
40c
10-
1
9-
8
10-15
9-21
$1.75
10-
1
9-11
$1.25
11-
1
10-
5
10-
1
9-
7
10-
1
9-10
10-
1
9-10
10-
1
10-
1
$1
9-10
9-20
10-25
10-
1
1
1
$1.50
(quar.)
$1.25
$1 25
preference (quar.)
Philadelphia Dairy Products Co., Inc.—
$4.50 1st preferred (quar.)
$4 non-cumulative
2nd
preferred
1-^-46
10-
1
I-2-46„
12- 1
9-
1
12-
1
$1.12%
10-
1
9-2D
$1
1
9-20
10-
1
9-10
35c
10-15
9-21
5c
Extra
10-
50c
Philadelphia Electric Power, 8% pfd. (quar.)
Philadelphia National Insurance (s-a)
10-15
9-21
Philadelphia Suburban Transportation—
5%
preferred
Philadelohia
62 %c
(quar.)
Transportation
5(4 %
10-
1
9-15
40c
10-22
10-
1
50c
10-22
10-
1
37 %c
Co
(initial)
10-15
10-
1
$1
$1.31%
(quar.)
preferred
(Hartford)
Co.
Phoenix Insurance
(quar.)
50c
—
$1.00
Pillsbury Mills, $4 preferred (quar.)
Pittsburgh Bessemer & Lake Erie RR. Co.—
Common
(s-a)
Pittsburgh. Fort Wayne & Chicago—
Creek
10-15
Power
1
9-15
6%
$1.25
11-
1
10-15
Pratt
$1
10-
1
9-24
$25c
10-
1
9-
5%
1st
30c
10-
1
9-20
5%
7%
9-24
Preston
&
&
Bros.
Co.,
Prosperity Co.,
Gamble
&
Providence
Provincial
Public
5%
7%
10-
1
9-15
11-
1
10-20
9-29
10-
1
9-27
10-
1
9-27
75c
10-
1
9-27
9-22
12-15
11-30
9-29
10-
1
9-28
1
9-25
10-
1
9-15
10-15
9-20
Service
Public
">.rc
preferred
9-10
10-
1
9-10
10-
1
9-10
10-15
9-15
$$1.37%
pfd. (quar.)_
10-
1
S2
10-15
$1.25
(auar.)—
(quar.)
10-15
9- 4
H-21*
5
10-
9-15
$2.50
10-
1
9-12
$$1.75
10-
1
9-15
37 %c
10-
1
9-20
41%C
10-
1
9-15
50C
10-
1
9-15
(monthly)
59 %C
10-
1
9-15
50c
11-15
10-10
50c
10-15
&
R.R.
(quar.)
preferred
(quar.)
Trust
Y.)
(N.
(quar.)
of Colorado—
Corp.
(N.
J.)—
(monthly)
6% preferred (monthly)
Service
on
9-15
1
+3c
—
preferred
Public
n
1
10-
6%C
—
10-
25c
62 %c
quar.)
Co.
preferred
of
9-14
Oklahoma—
$1.25
1
$1.75
10-
1,
$1.25
(quar.)
10-
10-15
10-1
Publication Corp.—>
7%
original preferred (quar.)
Puget Sound Power & Light Co.—
$5 prior nreferred (auar.)
9-29
10-15
9-29
1
10-
(monthly)
(monthly)
preferred
prefererd
50c
10-20
$$1.50
(quar.)
(reduced
5% pfd.
(irreg.)
7%
preferred
6%
9-15
5%
10-20
1
Bank
9-10
9-29
9-15
10-
Paner
Nat'l
1
10-20
1
15c
Public Service Co.
6%
9-15
10-
62 %c
(quar.)__
com.
5%%
Worcester
&
10-
1
1
10-
(quar.)
8%
Inc.
10-.1
10-
9-21
10-
45c
Inc.,
Ltd.,
Providence Gas Co.
4
1
(quar.)
preferred
Mines
Dome
Procter
9-10
9-10
30-
50c
(quar.)
nreferred
9-20
9-
nreferred
Co.,
preferred
East
9-20
1
9-10
1
5c
lnc
Car
1
1
9-10
2
10-
50c
(quar.)
5%
Co.,
Lambert,
Steel
Pressed
1
10-
1
10-
17 Vac
(quar.)
1st
10-
ap¬
10-
50c
10-
—
preferred
Pocahontas
K:)
2nd
10-10
for
9-18
50c
of Canada, Ltd.—
preferred (quar.)
participating nreferred (quar.)
10-
6
1
1
Corp.
$1.50
6%
9-1*
15c
non-cumuJative
(H.
10-
9-20
10-
Sulphite & Paoer Co.—
Huron
4%
1
80c
Quarterly
Port
1
10-
75c
Plough, Inc. (quar.)
Pond
10-
10-15
10-15
$1.75
(quar.)
Plainfield Union Water Co. (quar.)
Scale
1
$1.75
(quar.)
Common
II-
75c
7% preferred (quar.)
Pittsburgh-Plate Glass Co.
Porter
10-15
$1.35%
25c
Puget Sound Pulp & Timber, common
9-29
9-20
9-28
9-17
9-15
1
9-15
1
9-15
10- I
9-18
10-
9-18
1
(quar.)ZI
9-18
10- 5
Ohio
Edison
10-
9-15
Ohio
common
;
>
1
9-15
10-
1
9-15
10-
5
10-
1
9-17
$1,501
10-
1
9-20
$1.50
10-
1
9-15
25c
10-
1
9-20
$1.22%
10-
1
9-20
$30c
10-
1
9-2Q
$$1.37%
10-
1
9-20
(quar.)_
(quar.)_
10-15
10-
$125
Co.
5%
$5
1
9-20
62%c
10-
1
9-11
40c
10-1
9-21
$8%c
Old Colony Insurance
9-15
9-10
10-
1
9-15
$$1.50
10-
1
9-14
50c
10-
1
9-17
15c
12-15
11-30
$250
io- 1
8-27
$1.50
10-1
9-11
$1.$0
10-
1
9-15
$1.12%
$1.25
10-
1
9-10
:: 10-1
9-10
25c
10-1
9-20
$2
10-1
9-20
$1.75
10-1
9-20
75c
10-15
9-24
$1.75
,10- 1
9-20
(quar.)
(quar.)
■
(quar.)
—
$1.50
10-
1
10-
1
10-
1
10-
1
9-20
$1.37%
10-
1
9-20
$1.25
10-
1
9-20
—
*
9-20
Co.
9-14
(quar.)
(quar.)
9-14
preferred
common
(quar.)
-
$2
9-11
10-
$5
1
9-20
1
9-14
$$1.25
-
10-1
9-15
$25c
11-15
10-15
$$1.75
(quar.)
87%C
V;
10-15
10-
10-
10-
1
11-15
10-15
1
Orange Crush, Ltd. 70c. conv. pref. (accum.)
$70c
11-
1
Car
$250
10-
1
9- 1
Electric
$50c
10-
1
9-
10-
1
8-15
10-1
8-15
Ottawa
1
9-15
5%
&
Aircraft,
Ry.
(quar.)
$15c
Light, Heat & Power, com. (quar.)_
preferred
$$1,25
(quar.)
'
H:
i
i i.
.
i ,t
"H-
..
'
'•
fc.V-r,
!•••;
£
*
?
;
1
1
9-10
11-30
11-
1
10-
1
9- 7
$1.50
11-
1
10-20
20c
10-20
9-30
$1.50
10-29
9-29
933/4C
10-
1
»-.«
10c
10-
1
9-20
$1.25
10-
1
50c
10-
1
9-2.0
9-14
50c
10-11
S-20
$11.75
10-
1
9-15
$1.75
10-
1
■»o_
1
-
i
payment shown above clears all
arrears.
preferred (quar.)_
5% "nreifeirred A (quar.)
Red a
&fmp Co
Reece Button-Hole Machine,Co
^Reed Drug ,Co.t common .(quar.)
Class
$1 "5
10c
Quarterly
20
10-
1
9-24
10-
1
0-15
10-
T
o.T5
$25c
10-15
9-.15
$40c
12-
1
11- ,1
35C
common
preferred (nunr.K.
Jinn-rum.
o.i-n
9-28
:
Regent Knitting Mills,
*1.60
9-15
10-10
7%c
l—
(auar.)
A
10-
1
9-27
(Dayton, Ohio)—
.—^
—
Reliance Electric & Engineering Co.—
$5 conv.
Reliance
7%
7%
pfd.
Manufacturing
Co.
5%
$1.75
58 Vac
—
,
(quar.)
Stores Corp.,. common
preferred (quar.)
preferred B
(quar.)
12%c
37 %c
Republic Investors Fund—
6% preferred A (quar.)
6%
30c
common
(quar.)
preferred
preferred
$1.25
(quar.)
Reliable
Ltd.—'
9-17
10-
87%C
7%
10-30
Ottawa
'i,
'■■k':
10-1
10-
$1.25
;
8% preferred (quar.)—
Ontario Loan & Debenture (c[uar.)
7%
The
1
$1.50
preferred
6%
10-
$1.25
(quar.)
Radio Corp. oi America. .$3.50 pfd. (quar.)_
Radio-Keith-Orpheum 6% preferred (quar.)
Railroad Employees Com.. ROc pfd. (quar.)_
Railway Equipment & Realty—
6% 1st preferred (accum.)
Ralston,Purina Co., 3%% preferred (quar.)
Ralston Steel Car, common (quar.)
5%
preferred
(quar.)
Rayonier, Inc. $2 preferred (quar.)
Reading Co., 2nd preferred (quar.)
Re?) Silk Hosfery Mills. Inc.—
7%
preferred (accum.).—
Oats,
Reliable Fire Insurance Co.
Omnibus Corp.,
43 %c
i.;Z
10-1
$2
Ottawa
•««,
10-
pfd. (irreg.)
non-cumulative preferred
9-25
1
$1.75
"
>■ •»
Quaker
Leather, common (quar.)
8%
1st preferred—
I
7%
2nd preferredOhio Match Co. (irreg.)
Ohio Public Service Co., 7% pfd.
6% preferred (quar.)—
5%% 1st preferred (quar.)
5% preferred (quar.)
Ohio Service Holding Corp.—
10-15
$$1.25
Monroe Chemical Co., $3.50 preferred (quar.)
••
9-20
Ohio
Ontario Steel Products,
ZZZZZZZI
pfd.
4%% preferred
preferred (quar.)
i2%C
Monongahela Valley Water, 7% pfd. (quar:)
Monongahela West Penn Public Service Co
t-.
4.40%
$$1.75
preferred
ij.'..«•
Co.
10-
50c
J
9-21
1
Portland Cement
62 Vac
Mojud Hosiery Co., 5% preferred (quar.)
Molybdenum Corp. of America (quar.)„
Monarch Knitting Co., Ltd.—
',+• i.
conv.
Finance
1
15c
(initial quar.)
Mississippi Power Co. $8 pfd. (quar )
Missouri Power & Light, $6
pfd. (quar.TZZZ
Mobile Gas Service (quar.)
^
«•
4.90% preferred (quar.)_.__
ZZZZZZ"
?.; f.
1
10-
——
10-15
20c
„
5%~ preferred
■
10-
$1.75
$1.50
fifd.
Worcester
10-1
62 Vac
preferred
933/4C
(quar.)_
30c
convertible preferred (quar.)
Pure Oil Co., 5%
conv. preferred (quar.)—
6%
(quar.)
preferred (accum.)
RR., 8% pfd. (quar.)
Nova Scotia Light & Power Co., Ltd.—
Quarterly
Novadel-Agene Co. < quar.)
Nu-Enamel Corp., 60c conv. pfd. (quar.)^
Ogilvie Flour Mills, common (quar.)_.
Ohio Cities Water, $6 preferred (accum.)
Norwich &
50c
preferred (quar.)_
Minnesota Power & Light—
preferred
*
50c
5%
Rubber
preferred (quar,)
Leather, $2.50
50c
Miller-Wohl
Mohawk
1
10-
$2
$2 non-cumulative preferred ft (quar.)
Midwest Piping & Supply(irreg.)
Midvale Company
Ltd.,
9-15
10-
50c
—_
5%%i preferred
•
$1.50
preferred series 1940 (quar.)_
Junior preferred (quar.)
Midland^Steel Products, common (quar.)
: v 8%
l$t preferred (quar.)—
$6
A
1
$1.50
\ 6%
7%
1
10-10
93%c
North Star Oil 7%
$1.75
Modern Containers,
10-4*
Co.-—*"
(quar.)—
Manufacturing Co., class
Co., common
6%
Electric, 7%
Northwest'n
1-1-46
preferred
,
9-15
$1.25
Plunge fir. At wood Mfe. (auar.) —
10-
$1.25
1
9-
Pneumatic
(quar)—.
9-15
10-
*
7%
5%
preferred
1
$1
Plymouth Cordage (new com.) (initial quar.)
Employees stock
Northland Greyhound Lines—
$3.75 preferred (quar.)_
9-15
10-
1
9-11
(Minn.)—
1
$5
7
Corp.—
10-
1
52c
$5
87 %C
25c
10-
10-
10-
9-15
:
9-15
12 %c
(quar.)
20c
(quar.)
9-15
1
$1.50
9-
50c
Northern States Power
9-15
1
10-
(quar.)
10*11
82 %c
1
10-
10-
9-22
—
10-
$1.50
1
10,%.
90c
9-15
11-
9-22
preferred (accum.)
preferred (accum.)
North American Rayon class A
B
9-11
1
Corp.,—
25c
7%
10-
71 VaC
10-15
12 %c
1
(quar.).
9-15
1
$1.06%
1
(quar.)
Finance
$l.i2Va
Miller
9-21
10-
preferred (quar.)——
Miami » Copper
Co
Michigan Public Service
'
9-21
1
75c
1
$1.25
common
1
5%%
1
25c
__
to
10-
11-
$1.06%
10-
6%
Class
(quar.)
Electric
(Subject
North American Investment
Corp. of California—
preferred (quar.)—
9-21
1
10-
60c
(stock div.)
9-10
1
$1.50
preference
$1.50
&
1
10-
(s-a)
preferred
$1.50
Gas
10-
25C
10-
preferred (quar.)
Class A
(ifreg.)
2
$1.06%
preferred
American
Co.,
$6 preference
$6
9-10
$1.75
Co.
Philadelphia
$6
1
50c
10-
7%
53/4%
Pfaudler
10-
$1.25
1
(quar.)
35c
(quar.)
11-30
North
.
1
10-
proval by the SEC)
9-25
Co.
'$1.75
(quar.)
(quar.)
held
shares
100
10-
$1.50
-
3-15
4-1-46
$1.25
Co., common (quar.)
preferred (quar.)
2nd preferred (quar.)
Price
Co., common
$$1.50
Met«bpoiitan Edison 3.90% pfd. (quar.)_Z_
Metropolitan Paving Brick, 7% preferred—
'
9-24
Corp.—
Pacific
43 %c
(quar.)
com.
10-
Car
4%%
Mesta
;
1
Corp.
514%
/ft
10-
—J
$6 1st preferred A
$6 1st preferred B
9-28
$7
pfd.
—.
preferred
30-31
1
Electric
North
9-19
20C
(quar.)
•—
11-20
$1
$1.50
(quar!)
Ltd.
Co
9-15
12-15
25C
4(4%
25c
Weaving,
File
Noma
.
9-30
10-
$1.25
(quar.)—_
Mercantile Acceptance
10-15
$1.75
Wire
9-15
9-15
1
(quar.)_
1
Phillips Packing Co.. Inc.—
1
$1
10-
1-2-46
25c
Circle
9-15
1
$1.75
1
$1.25
Milk
1
12-
40c
9-15
10-
70C
preferred (quar.)
Peoples Drug Stores, lnc
Peoples Gas Light & Coke Co. (quar.)
Peoria water Works, 7% preferred (quar.).
Pere Marquette Ry. prior pfd. (accum.) —
$1.18%
com.
50c
(quar.)
10-
10-
Newport News Shipbuilding & Dry Dock—
$5 convertible preferred
(quar.)___.
Niagara Fire Insurance (N. Y.)
(qpgr.)
9-20
A
9-15
10-
(quar.)——?
Co.
9-20
9-15
1st
RR.
Service,
(quar.)
9-20
1
10- 1
50c
10-15
$1
9-11
1
10-15
(quar.)
Participating preferred
(s-a)
Philip Morris & Co., new common
4%
preferred
(quar.)
12c
1
10-
$1
9-20
33 Vac
Public
preferred
9-12
40c
(quar.)
Co., common
1
10-
$1.25
10-15
(quar.)
9-21
12 %c
10-15
Ltd.
9-15
$1.31 Vi
$17 Vac
$1.75
1
1
35c
prefererd (initial quar.)
Newberry (J. J.) Realty Co., 6% preferred—
6V2% preferred
Newport Electric Corp., 6% pfd. (quar.)
9-30
10-
10-
$25c
33/4%
9-25
10-10
8
10-
25c
Trust Co. (N. Y.) (quar.)
Newark Telephone Co., 6%
preferred
Newberry „(J. J.) Co., common (quar.)
1
10-15
9-
$2
York
New
9-15
9
10-
9-29
10-15
37 %c
(accum.)
Northern
Orleans
10-
7%
Co
Jersey Power & Light, 4% pfd. (quar.)
Water, 7% preferred (quar.)—-,.
15c
Sons,
pfd. B (quar.)
Service, common
(quar.)
Radiator
(quar.)—
preferred
&
Co.,
25c
50c
Mead Johnson & Co.
&
10-15
_I—£
McQuay-Norris Manufacturing,
Merck
1
4%%
9-10
10-
9-19
1
20c
$17 Vac
(reduced)—
Corp..
McKesson & Robbins, $4 preferred
1st
1
25c
(quar.)
pfd. (quar.)
McColl-Frontenac Oil Co., Ltd.—
6%
preferred
(quar.)—
McKee (A. G.) & Co., class B (quar.)
5%
7c
$1.25
McClatchy Newspapers, 7%
t
1
10-
10-15
37 Vac
(quar.)_
Tel., Ltd., com. (quar.)
(quar.)___—
McCaskey Register,
i 6%
10-
50c
Matthiessen & Hegeler Zinc—
preferred (accum.)—
-
9-20
$70c
«
10-
1
New London
9-29
1
60c
(inc. quar.)
•-
.-•i Extra
3
9-22
1
11-
New
Marshall-Wells 6%
Maryland Drydock Co., common
7 %
preferred (quar.)__
5%
preferred (quar.)__
Massachusetts Investors Trust
•>■*♦%'%
1010-
1
10-
class
Co., 6%
Linen
1
(quar.)
$5 preference
New Jersey
3
25c
—
10-
$1.50
New
9-18
10-
30c
Co.,
Marlin-Rockwell Corp.
i
1
10-15
10-
30c
—
England Power, 6% pfd. (quar.)
New England Water Light & Power Assn.—
New Hampshire Fire Insurance Co. (quar.)
9-24
1
10-15
9-28
$37 %c
$2
Co.—
(quar.)
—
Marion-Reserve
10-
(quar.)—^_$0.265625
Mapes Consolidated Manufac'ting Co. (quar.)
Maple' Leaf Gardens, Ltd., 7% pfd
Maracaibo Oil Exploration (increased)
Marchant Calculating Machine
(quar.)
Margay Oil Corp. (quar.)
7 if
10-
10-15
(Hartford)—
New
preferred
Manufacturers Trust Co.
25c
Refining Co., 8% pfd. ((quar.)
Manufacturing Co
Stamping Co.—
6%
Convertible preferred (initial)
National Steel Car, Ltd. (quar.)
National Sugar Refining
Nehi Corporation, common
$5.25 1st preferred (quar.)
Neiman-Marcus 5% preferred (quar.)
New England Fire Insurance
Co. (quar.)
New England Power Association—
6% preferred (accum.)
12-22
1
7
9-19*
National
9-21
1-2-46
7
9-
1
12 %c
National Screw
9-20
25c
9-
1
10-
National
9-29
8-31
1
1
10-
pfd. (quar.)
National
1
10-
25c
9-24
9-29
10-
1
10-16*
10-15
"10-
10-
1
National
27 Vic
10-15
1
9-29
10-
$5
Pet
9-
11-
National Lead
9-15
$1
Pennsylvania Edison, $2.80 pfd. (quar.)
$5 preferred
(quar.)
Pennsylvania Glass Sand Corp.—
Common
(quar.)
5% preferred (quar.)___
Pennsylvania Fower Co. $5 pfd. (quar.)
Pennsylvania Power & Light—
$5 preferred (quar.)
$6 preferred (quar.)
$7 preferred (quar.)
Pennsylvania Sugar, 5% pfd. (quar.)
Pennsylvania Telephone, $2.10 pfd. (initial)
Pennsylvania Water & Power, com. (quar.)
Perfect
11-
$44c
(quar.)
com.
Common
7*
1
10-15
$50c
(irreg.)
Box
Products
1
4%
Granting Annuities
Peninsular Telephone
8
12-
10-
12-10
$1.62 Vi
9-15
$1
31 Vic
(quar.)
Rubber
1
50c
12-29
$1.62 Vi
'.M*iming Maxwen & Moore—Mansfield
10-
(increased)
10-25
Co
Sugar
1
Sational Grocers Co., Ltd. $1.50
ational Fuel Gas Co. (quar.)
& Co.—
convertible
Manati
1
B
12 Vic
1
9-15
10-
50c
12-
10-
9-29
10-
(quar.)
Maine Central Railroad Co.—
Mallory
! *4%%
Department Stores,
preferred (s-a)
11-20
10-15
10-15
,
15c
10-28
$1.25
9-29
$1.25%
(quar.)
common
National
$12 Vic
10-15
37%C
Share
9-15
37 VaC
common
12-20
15c
9-15
6%
12-28
30c
1
25c
■
prior preferred
9-15
(quar.)
1
12-
Clock
6%
9-15
1
25c
10-
$1.75
—
Manufacturing
;
MacAndrews & Forbes Co:, common'f
*
6% pi-eferred (quar.)
Macfadden publications, Inc., common
$1.50 participating preferredMacy (R. H.) & Co. (quar.).
Mahon (R. C.) Co., $2 class A pfd. (quar.)
Mahoning Coal RR—
;
;
9-15
1
10-
preferred
10-
$2
(quar.)
1
10-
30c
National
$1.25
6%%. pfd. (quar.)_
10-
$20c
Co
National Fire Insurance Co.
(Ky.)
common
5% preferred ($25 par)
(quar.)
5% preferred ($100 par) (quar.)
Lowney (Walter M.) Co. (initial quar.)
Ludlow Valve Mfg., 5%% conv. pfd. (quar.)
Lunkenheimer Company,
$$1.37%
$256
1st
50c
'
Elec.
&
9-20
(quar.)
10c
(quar.)
(quar.)
preferred (quar.)
Los Angeles Transit Lines,
2
10c
30c
$2
common
-7%
1
10-
7%
9-21
12-22
10-
10-10
10-
5
12-
Breweries, Ltd., com. (quar.)
preferred (quar.)
Candy Co. (quar.)
National Cash Register (quar.)—
1
1-2-46
$2
9-29
10-15
$3114c
5
Fibres—
Co.,
9-30
10-15
2-
$1.75
preferred (quar.)_
preferred
&
25c
Lorillard (P.) Co..
Lux
Bond
10-15
$1.50
—
9-15
$1.25
11-
$1.18 3/4
National
10-17
$2.50
'
>
convertible
National Biscuit
$1 12 Vi
-
Louisville
Automotive
National
9-29*
IOC
(quar.)
9-28*
1
11-15
$1.50
Securities
9-15
10-
2-15-48
of America—
Manufacturing Co.,
Nation-Wide
10-26
1
10-15
50c
(initial quar.)
pfd. (quar.)
preferred
10-
50c
Packer
Corporation (quar.)
Page-Hersey Tubes (quar.)
Panhandle Eastern Pipe Line Co.—
4%
9-15
50c
Pacific Lighting Corp. $5 pfd. (quar.)
Pacific Tel. & Tel., 6% preferred (quar.)
Paraffine Cos.,
1
35c
11-10
Utilities
Nanaimo-Duncan
9-11
1
$1.50
(quar.)
(quar.)
6%
—
10-
50c
9-29
& Tel.
Inc.,
-
$1.37%
37%C
35c
10-15
System,
,
(quar.)
class A (quar.)
11-15
Mutual
1
.
_
class
11-15
Fund
hi'."
9-15
$1.40
3
Investment
:f
9-15
Hi
$1.40
Mining & Develop. Co.—
Chemical Co.
$1.0614
$1.12%
Common
3
preferred
,
—
1
12-
Nashua
Extra
Lipton (Thomas J.)
Lord
Oil
>Payable ?:
of Ret.
9-24
10-
12-
6%
9-15
1
11-
r
i'
1
10-10
lc
—
Lockheed Aircraft Corp
Longhorn Portland Cement Co.—
5% participating preferred (quar.)
"fc'«
10-
25%
Lock Joint
.
10-
Mutual
Inc., 6% pfd. (quar.) —
Liquid Carbonic Corp., 4%% pfd. A (quar.)
Lit Brothers, 6% pfd. (accum.)
fv
9-13
lc
Mutual
Pipe Co., 8% pfd. (quar.)
c' 8%
preferred (quar.)
Locke Steel Chain Co. (quar.)_
:b.;. Extra —'
9-12
1
pfd
Manufacturing Corp.—
$7 preferred (quar.)
Murphy (G. C.) Co. 43/4% pfd. (quar.)
Murphy Paint Co., Ltd. 5'/2% pref, (quar.)
Common
(quar.)
Murray Ohio Manufacturing Co
9-15
8
30c
Co.
1
Mullins
10-
Quarterly ;
Lion
:
10-
10-
50c
9-15
(Tenn.)—
7%
15c
$1.18%
$1.75
1
31 %C
Liggett & Myers Tobacco,
8-31
Consoliadted, Inc.—
10-
25c
Lincoln National Life Insurance Co
1
Corp.:
Mountain States Tel.
$1.75
(quar.)
dividend
Stock
10-
(quar.)
9-29
$1.25
preferred
Casualty Insurance
t$1.75
Extra
Liberty Aircraft Products Corp.—
$1.25
8-31
9-20
1
30c
(quar.)
Corp,
1
1
10-
62 %c
(quar.)
Stores
8-31
10-
10-
IOC
&
>
I"1
10/ $
t$1.75
$4.50 preferred
15c
.'
I
Holaere
Pennsylvania Co. for Insurances on Lives &
Morris
America 6%
of
25c
(quar.)
Co., common
$2.50 preferred
(quar.)
Lehman Corporation
(quar.)
Leich (Charles) & Co., 7% pfd.
9-14
Quarterly
6%
Y.)
Diablo
9-15
1
15c
Products
Mount
9-30
12-21
10-
(Va.) —
Corp.
$3
preferred (s-a)
Lawyers Trust Co., (N.
1
12-31
30c
(quar.)
Lawyers Title Insurance
•'
"•
10-15
10-
9-21
Corp.
preferred
Motor
9- 7
1
Morrison Cafeterias
10-15
8c
7
9-
1
10-
9-29
50c
,
9-15
1
10-
62 %C
Morris
75c
Langendorf United Bakeries class A (quar.)
Class B (quar.)-
Plan
10-
10-15
Lines—
9-10
1
9-15
$55VaC
$2.50 preferred (quar.)
Morris (Philip) see Philip
11-10
$25c
•
11-lA
1
50C
7%
9-24
1
1
10-
$48c
(quar.)
10-
$5C
(Interim)
Lamaque Gold Mines, Ltd.
Company (quar.)
6%
vtc
37 VaC
10-
12-
$1.75
62 %c
7%C
(quar.)—
4*
Pacific American Investors, Inc.—
$5.50 conv. prior preferred'(quar.)—
Preference
(quar,);
—
Pacific Gas & ElectHc (quar.)
Pacific Indemnity Co. (quar.)„
—
50c
Corp., Ltd., common (quar.)
preferred A (quar.)
1
7%
preferred B (quar.)
Moore Drop Forging Co., com.
(initial)
4%% convertible preferred (initial quar.)
4
Otter Tail Power (Minn.)/ $4.25
11-10
$1.25
Moore
10-
10-15
25c
11-10
1
$2
—
Share
\
4
pfd. (quar.)
I«
12-
15c
Utilities
Radio
Monumental
Name of Company
12-
$2.25
C (s-a)__
When
Per
'
-
$2.25
pfd. A (s-a)-
Co., common
5% preferred (quar.)___'
Montgomery Ward & Co. common (quar.)
$7 class A (quar.)
Montreal Telegraph Co. (quar.)
9-15
$1.75
Lambert
»
11-
w
of Rec.
Payable
Share
Monsanto Chemical Co., $4.50
$4.50 preferred B (s-a).
10-15
10-31
34 %c
Name of Company
of Rec.
payable
13 Vic
Stores, common
—
v
7% preferred (quar.)—
Koppers Co., common-—
*
~~
> * 4%%
preferred (quar.)—-—Kresge Dept. Stores 4% 1st pfd. (quar.) —
Kroger Grocery & Baking Co.—
'■:* : 6%
1st preferred, (quar.)
v« 7%
2nd preferred (quar.) —
La Crosse Telephone Corp. 6% pfd. (quar.)
La Plant-Cboate Manufacturing Co., Inc.—
$1 preferred (quar.)
—a
La Salle Extension University (resumed) —
fvi'
Holders
When
Per
Holders
When
Share
rfme o/ Company
Kobacker
Lamson
'''V
-:
Per
'
<*%.
'%>■
'
■iff
Monday, October 1, 1945
THE COMMERCIAL & FINANCIAL CHRONICLE
1554
10-15
15c
10-15
if
I
Volume 162
Number 4425
■
.,.-V
.
V"?
THE COMMERCIAL & FINANCIAL CHRONICLE
.UV
*
,
:.V,
,v.c>v
'
-
;
per
wiw»
Payable
■. ■
■"
tt ami of Companv
of Reo.
I
V
^
■»
1554
Holder*
When
Payable
Share
I
1
..
'''3Per
Holdert
Share
Name of Company
>r >
■.
VVwen
of Reo.
Name of Company
"
Remington Rand, Inc.,
$4.50
preferred
10- 1
9-
7
Struthers
$1.12%
10- 1
9-
7
Suburban Electric
25c
$1.50
10-2
10- 2
10-1
9-10
9-10
Sun
Oil
9-20*
Sun
Life
1
9-20*
Sunshine Mining
(quar.)
common
30c
(quar.)..
Republic Steel Corp., common (quar..
6%
prior preferred A (quar.)_
1—
Reynolds Metals Co., common
j5V2% preferred (quar.)__
Reynolds (R. J.) Tobacco—
-25c
-
...
•
$1.37%
10-
5%
Extra
Mill
Superior
9-15.
Swift
1
9-22
10-
1
9-22
Taggart
10-
1
9-20
Talcott
10-
1
9-20
10- 1
10-1
9-11
25c
10-20
10-10
10-20
10-10
20c
10-
1
9-15
Telautograph Corp.
Te^'america Oil, 7%
$1.12Ma
10-
1
9-15
Tfixas
Company
Texas
Electric
Texas
Power &
50c
Preferred
Rochester
4Mi %
(quar.)
Button
Co.
(quar.)
Rochester
Telephone
preferred
Corp..
Class A
(quar.R-..
(quar.)
10-
prior preferred (quar.)!
preferred (quar.)
Root Petroleum
9-20
$1.20 preferred
4%
10-
1
9-10
Textron
10-
1
9-17
$1
Piour
Mills
Mines
9-48
$1.25
10-
1
9-15
Tip Top Tailors, Ltd.
11-
1
9-30
Works,
11-
1
9-30
Toledo
$1.25
10-
1
9-
8
10-
1
9-
8
t7c
11-
5
10-
5
11-
5
10-
5
Electric
'
(s-a)—
75c
12-31
50c
common
Manufacturing
10-
Co
9-10
10-
1
9-18
$1.25
10-
1
9-12
(s-a)
$3
10-
1
9-18
Corp. (quar.)_'_
Schenley Distillers Corp., 5%% pfd. (quar.)
Scott Paper Co., $4 preferred
(quar.)
$4.50 preferred
(quar.)
50c
10-1
9-15
Savannah Electric
RR.
&
Pr.
5%
Co.
pfd.
6%
(quar.)-
pfd.
Savannah Sugar Refining
—
10-
1
1
10-19*
11-
1
10-39*
10-
1
50c
10c
preferred A (quar.)_^
Securities Corp. General, common
$6 preferred
$7 preferred
10-
1
9-20
10-
1
9-20
10-
Co.
5%
pfd.
Shamrock Oil & Gas
Mines
10-25
9-25
10-
1
8-31
United
10-
1
8-31
United
$$1.25 —10- 1
9-1
7%
2
9-20
7%
11-15
5c
10-15
;10-
25c
1010-
1
1
9-
10-
1
11-
1
11-
1
1
10-15
50c
10-
1
10-
I
58 V»c
58Mac
53c
1-2-46
1
!•'•> 9-24
10-
1
9-24
Co.
fcio- 1
$1.25
8%
class
9-24
Jamaica
9-26 >
$2
10-
1
$25c
10-
1
$1.50
pfd.
11-
1
10-15
12-30
11-15
1111-
(quar.)
;
(quar.)
$$2.50
$1.50
(quar.)™.
'
;
1
9-
1
10-15
1
10-15
;o- 1
9-25
10-31
10-15
10-
1
10-
1
9-25
9-10
U
.
•
"■
$10
10-
1
8-20
$5c
.10-
1
8-23
50c
10-
1
9-20
15c
10-
i
9-10
10-12
12MiC
common.
12-15
A__..
8-
,10-1 $
$L50
$1.75
:
10-1
10-
it$L37V»-A
income
v
9-25
2
1-
.1040
50c
,
;
;
9-10
10-10
$25c
;
1 i
9-21
.!
9-21
1
<#
'
tax.
Corporation and
(Continued from
page 1520)
12-15
$1.25
4-1-46
3-15
$1.25
10c
7-1-46
11-15
11-
10-1
9-
prior preferred -(monthly)
prior preferred (monthly)
prior preferred (monthly)prior, pref erred, (monthly)
United
10-1
9-15
1,
10-1
10-
1
10-15
*
12-
1
S.
9;25
9-15*
States
Foil,
Guarantee
7%
11-05
10- 1
(quar.)—
U.
1
35c
62M2c
62MiC
37MiC
(quar.)—
United
9-20
10-
1.
50c
$2.50
——
9-24
4
7% preferred
(quar.)—
Co.
25c
$1.75
40c
—*
preferred
$1.75
50c
(quar.)—
U. S. Gypsum. Co.. common- (quar.)__—
U. S. Hoffman Machinery 5%% pfd. (quar.)
U. S. Leather Co., 7% prior preferred
10-15
9-20
U.
10-15
9-20
U.
S.
Plywood-Corp., common
683/4C
$1.75
.
Pipe & Foundry (quar.)—
Playing Card Co, :(quar.)—.
S.
10-15
9-20
10-15'
$$1.50
12Mac
9-29
S.
the
able
$1.20
11-
1
40c
50c
20c
(quar.)
4%%
$1.18%
$1.12Mi
preferre*--,A (quar.)-preferred B-r(quarf)ci-.
Printing & Lithograph Co;—5% preferred (quat*—
U. S. Smelting Refining & Mining—
4M2%
10-15
10-15
9-29
10-
1
$2.50
10-
1
9-21
10-1
10-
Universal
9-15
'
9-15
1
"
10-11
10-15
•
10-11
10-30
10-23
(quar.)—
87M2
$15
$1
——
$2
Co.
(quar.)
Upressit Metal Cap.Corp., 8% pfd. (accum.)
-
5%
-
10-15
40c
$1.12 M2
Pictures
prior preferred'^^ttMarJii.--—--—
prior preferred^(quan)
Upson Co., 7 % preferred-—
Vapor Car Heating, 7% preferred (quar.)
Viau, Ltd., 5%; preferred (quar,)
Vicksburg Shreveport & Pacific Ry. Co.—
5%
9-15
1
9-29
62Mic
6-15
-
$1
11-
I'
10-15
50C
10-
1,
9-20
10-1
933Ac
9-20
10-
1$2
9-15
1
(Interim)—
3tV4c
in-
l
9-
Standard Radio, Ltd. class A (quar.)——
Class B (quar.)——________
$10c
10-10
3:10c
10-10
60c
12-11
12-
1
11-15
11-
1
1
9-20
Gross
1
9-20
Net
10-10
9-20
Net
ry.
10-
5
9-18
10-
5
9-18
10-16
9-29
10-
9-
10-
1
1
10-
11-30*
1
10-
1
—V.
9
9-17
9-20
1
9-20
Washington Title Insurance, com.
10-1
25c
9-14
10-15
9-29
10-
15c
$25c
$75c
87MiC
7MiC
1
9-20
10- 1
9-15
12-29
12-15
1
.9-15
•'
,
$1.25
(quar.)
433Ac
10-
Stokely-Van
"Z
25c
10-
10-1
9-21
class A
preferred (quar.)..
9-29
10-
1
9-14
11-
1
10-17
10-
1
9-18
and
10-31
"10-15
and
10-1
10-
provisions
On
on
9-15
10-1
1945
-
■
V 1944
V $
"
6,923,227 $236,674,731 243,933,958
4,918,989
Fuel Co^-SEC
for
enforce
'
Approves Plan—
of
stock
in
The approved
following:
and
•
amounts
out
carry
v
the SEC directed
financial basis," with not
class
assets.
to
plan.
1944,
8,
"sound
one
order
an
the
of
«ept.
a
the
9-30
I
C
v
/'
>
the. company
.more
than
appropriate
the terms and
r" *
*
to
one
to
its
recapitalize
class
net
.
of
debt
earning#
plan meets those requirements and involve#
?
^1) Surrender by Citie# Service to Spokane lor cancellation $474,600
Spokane's first mortgage 5% bonds,-due Aug. 1, 1944, with all
12-23
1-2-46
of
•
1
unpaid; Interest.v::•
12-
12-10
1
9-20
10- 1
10-
1
10-
1
f 8
10-10
81- 1
10-15
2-1-46
1-15
8-1-46
$-1
4-15
5-1-46
■:vl;;;::::
date to Aug. 1, 1974, and reduction
3% from and after Aug. 1,' 1943, of
$524,100 of Spokane first mortgage 5% bonds, due Aug. 1, 1944.
rS ;
(3) Surrender by
Cities Service
to
Spokane of a
6%
note for
(349,000; a 6% note for $93,615, and 10,000 shares of Spokane'*
Extension
(2)
in
the
interest
■
of
the
9-15
1
9-20
10-
1
1
5
to
($100 par>-common stock.
.
,
,
-
•
(4) Cancellation by Spokane of $300,000 of its 6%
the issue by Spokane to Cities Service of 10,000
preferred stock
shares
'
on Its
books at $3,025,786 on Dec. 31, 1944, to $1,226,480, representing the
original cost as determined by the Department of Public Service of
the State of Washington.—V. 161, p. 1583.
and
(no
common
aggregate stated value of $350,000,
write down the gross' utility plant, carried
par) but with
(5) Spokane will
an
9-20
10-
maturity
from
rate
.
7-15'
<
1
10-
62MiC
$1.75
$1.75
9-20
Standard Oil Co. of
12-15
11-29
12-15
11-29
1
9-20
board's
10- -1
9-15
of
1-2-46
Indiana^—To Increase
12-15
10-
directors
The
offer
employees
of
are
a
cut to 40 per week.-
11-
1
10-24
New Secretary
11-
1
10-24
The
$2.50
$1.25
$1.50
$1.50
12- 1
12- 1
11-15
10- 1
9-26
the
10-1
9-26
mittee
board
account
on
Mr.
of
Harmon
he
war
his
active
District
for
^
K
elected, J-aban E Harmon as
to succeed Felix T. Graham, who is retiring
health.
Vj
Jii
;
Assistant Secretary since July,
has been
was
•
24
Sept.
on
Secretary of the company
11-15
/• >
Elected—
directors
of
Wages^-'v
Sept. 21 announced their decision to stand' on the
15%
increase in salaries and wages when hours
on
33%c
62'/2c
—
--Jan 1 to Sept. 14—
.
Securities i end Exchange ^Commission, ^endorsed! Sept. 20 the
^ The
9-15
1
10-20
$25c
(quar.)__
$
reorganization plan of the company, a subsidiary of the Cities Service
Powcr .dc Light Co.,i^and-announced that it would apply to a U. S.
10-15
$1.75
25c
$$1
—
6%
earnings
162, p. 1400.
Spokane Gas
9-20
10-
20c
10-
-
—Week End. Sept.14—
1945
V
1944
9-15
10-10
10-
10-
(quar.)
i
v
,
$
Gross
10-20
1942
1943
s
from
Period-
1
10-20
1944
$18,889,382 $23,097,295 $20,926,230 $18,662,004
5,324,325 rf, -9,668,675
10,077,974V
8,786,607
1,703,832
3,011,570
3,283,482
3,195,600
10-19
37M«o
2V*c
10- 1
9-21
Works—
railway
railway..
oper. income—.
9-15
11-
on
2.—V.
the
162,
of
818.
staff
p.
the Petroleum
1931.
During
Industry Com.
>
Waterbury Farrell Fdy.
Quarterly
Wayne
Pump
Co.
&
Machine—
50c
10-
1
9-20
25c
10-
1
9-
(quar.)—50c
Waukesha Motor Co.
————-
(quar.)—
Oil & Snowdrift Co., Inc
Extra-=
-z————-
s,
10-
10-
»...
Eugene
Standard
9"15
gaining
West Michigan Steel Foundry Co.—
$1.25
10-
1
9- 8
7%
$1.25
10-
1
9-8
$1.75
preferred (quar.)—
preferred (quar.)—:
Holman,
affiliates
discussions
I7M2C
————
—
Standard Oil Co. (New
9-15
1
10- 1
6
9-24
1
25c
50c.
Wesson
A
;
174,875,512 173.933,473 161,932.918 126,437,425
railway
v 66,505,555 > 70,791,105
76,899,909 /52,530,327
Net ry. oper^income..^ >20,343,415«22,166,270^23,714,830^
23,944,991
Net
9-15
37VaC
$1
1945
-
from
From January 1—
from railway....
7
1
(
j
Gross
9-25*
1
9-30
10-
received.
was
from
37%c
.....
$2,133,516.
August—
1
$2.50
(quar.)
preferred • (quar.)———;—;—
Walker & Co., $2.50 class A (quar.)
Waltham Watch, 7%
preferred (quar.)
7% preferred (quar.).——
Warren Brothers Co. Class A (quar.)——Class B (quar.)_———
Washington Railway «Sc Electric Co.—
5% preferred (Sra)
5%
preferred (quar.)
9-21
costing
Earnings for Augnst and Year to bate
10-
$2.50
$1.75
5%
preferred (s-a )-iDefining Co., 7% preferred
Virginian. Railway--—
6% preferred- (quar.)
6%
preferred (quar.)—
6% preferred (quar.)
6%:;; preferred (quar.)—
Wabasso Cotton, Ltd. - (quar.)—
Wagner Baking Corp., common™
7%
preferred (quar.)
Waldorf System, Inc.
(quar.)
Walker (Hiram) G. & W., common
.
Vulcan
to
total of nine bids
10-
■
1
10-
31 Vic
50c
$2
62Mac $1.75
$1.75
$$1.25
—
•Common^(s-a)^-i-——
10-
$1.25
semi-annual
12
designed
A
on
National
in
District Court
preferred
Universal Leaf. Tobacco, .-common
8%- preferred (quar.);.——
)*-■■
.
62'/2c
(quaiM---**——
United States Trust Co. (N. Y.) (quar,)—-
9-15
Sept. 26 awarded $1,599,840 promissory notes to
Bank, Jacksonville, Fla., at 1.375%. i The notes, pay¬
instalments
beginning April 15, 1946, are
finance part of the purchase price of six Diesel-electrio
company
Florida
locomotives
preferred
—
9-15
10-
10-
Mercha»jfcs*6Bx Manufacturers—
(quarvl-Jlcila—5%
preferred (quar.)
5%
preferred (qtraT.-)i-—-_
5% preferred- (quar.)j;_
United Printers
Pttbiishers, common
$2 convertible preferred (quar.)_
United N. J. RR. & Canal (quar.).
United Shoe Machinery Corp. com. (quar.)_
6%. preferred' (quar.)-iwA^i.!-
4
Standard Paving & Materials—
Strawbridge & Clothier, $5 pfd. (quar.)__—
;
10-
'V
Southern Railway—Awards. Notes—
10-15
1
$1.25
$2.25
Camp—
Prior preference (quar.)
1- 9-24
10-
•
9-15
10- 1
11-
9-15
$1.13
Sterling Drug, Inc. 3»/2% pfd. (initial quar.)
Sterling Engine Co.
;
Stecher-Traung Lithograph—
5% preferred (quar.)
1
7
9-15
Investment News
10-15
35c
Oil (quar.)
Stedman Brothers, Ltd., common
(quar.)—«
6%
convertible, preferred (quar.)
10-
7
9—
'V''
30%
,
1
$1.?5
Staytcn
;
25c
Manufacturing Co. (qustr.)^.
*9-20
1
$2
preferred (quar.)
•__
Invest. Corp (Boston)
(quar,)
1
(quar.)
(extra)
0-11
$1
(quar.)—
10-
$1.50
-
10-15
7%
9-20
-11-
(s-a)
Acid
$1.75
75c
General
U. S.
;
(quar.)_
9-
V
9-10
-50c
10-
,
10-
12M1C
10-16
10-
$1.25
5c
:
i 9-25..
10-
10-
4
9-17
9-29
.;,
10-
75c
<
10-16
9-20
9-17
10-20
'____
9-10
i-
9-14
15c
1
1
9-29
Co.-
10-
9-21
•
9-4
10-
10-1
9-20
10c
$1.50
?$2
—
37M2c
(initial)
9-11
•Transfer books not closed for thls dividend, T iv;
tPayable in U. S. funds, less lS^ Canadlan non-resldents' ^tax.
' "
♦Payable in Canadian funds, tax deductible at the source.
No»«
resident tax, 15%; resident tax, 7%. - a Less British Income
tax. :«
6
10-
$5
w
9-15
10-
25c
common
Candle
prefetred
Less
1
9-13
10-30
(quar.)_____
(accum.)
9-
10- 1
$75c
$1
IndustriaUvBirtric,(Bklyn.)
10-
$20c
Yosemite Park it Curry
Young (J. s.) Co., common (quar,)........
-7% preferred, (quar.
Youngstown Sheet & Tube Co.—
9-24
12-18 »
:! 10-15
$1.50
^Common
9-20
1
1-2-46
50c
9-20
1
i
9-18
25c
$1
Co.
Towne
BYa%
1
$1.25
preferred
Inc.,
preferred
&
1 <
2-
1
;
1
11-
$1.25
Yates-American Machine Co.,
•
9-15
9-29
preferred
>
10-15
1
5%
1
10-
1
$1.50
pfd.
Yale
8-31
10-
,10-
1
2-
<2-15-46
Wright-Hargreaves Mines, Ltd
Wrigley (Wm.) Jr. Co., common
8-31
1
10-
<
1
1
10-
7%
$1.75
50c
$1,
*
75c
,
U. S. Fidelity & Guaranty (Bait.)
iquar.)_
Fuller
1010-
50c
37Mic
——
1
10-15
&
3Mi%
11-
2-15-46
$1.25
Combing Corp. (Canada)
Worumbo Manufacturing Co.—
9-28
11-
75c
Baer
10-15
$$1.75
10-
$1
Standard Fuel Co., Ltd., 6%% pfd. (accum.)
Standard\Oil Co. (Ohio) —
3%% preferred A (Initial quar.)
Standard Paper Manufacturing Co.—
Stik.
10-
53c
10c
Standard Fruit & Steamship
Corp.—
$3 participating preferred (accum.)
Street
9-20
$1.50
Light & Railways (Del,)—prtor preferred- (nibnthly)
prior preferred ;i(monthly)
U.
(E. R.) & Sons, $4 preferred
Standard-CoosaVThatcher Co.'(quar.)
State
Illuminating
•
34%c
Squibb
Works, 5%
9-15
50c
.
Stanley
1
6.36%
7%
&
10-
10-1
<;70c J
r
6.36%
'
Phospate
9-15
6%
6%
$1.50
——
Wholesale
(year-end)...
1
8
:
Spalding (A.JG. & Bros.), common (initial)_
$2.25 preferred ' (S-a)—
_i__—
Sparks-Withingtont Oo>-t
v
Springfield: Fire <fe Marine Insurance Co.—
Standard
10-
8
$$1.50
(quar.)
preferred
I2M2C
9-20
11-15
$1.25
.««.».
Wool
9-17
9-
Electric Co.—
conv.
1
9-
5%
•
Participating
10-
1
-
5%
preferred <quar.)__
Southwestern Life- Insurance (Dallas)'—
Quarterly __;...!
6% ' preferred
$$1.50
1
Electric—
pfd.
6
50c
(quar.)
conv.
9-24
9-14
1
11-15
preferred (quar.)
$1.75
Wisconsin Electric Power, 6% pfd.
(quar.)_
$1.50
Wiser Oil Co. (quar.)
25c
Extra
...*•- 25c
9-15
10-
10-
$1.50
Southwest. Natural 'Gas, $6 pfd. A (accum.)
Associated .Telephone—
Quarterly.
Square D Co., 5%
1
10-15
10-
-Southwestern
&
1
10-
$1.25
5%%- preferred C (quar.)
Southern Canada Power Co., Ltd.—
Gas
10-
10c
United
$lc
$20c
Southern California Edison Co., Ltd.—
5% original preferred (quar.)
$6 preferred
Wisconsin
Investments, Ltd.—
9-12
62V2c
Southwestern
7
10-15
10-
$1.25
.
Extra
9-
(quar.Hiii.—
FBei
1
$1.12%
trust ctfs.
9-15
75c
10-
(quar_)_™____-__™,.___
Mobile & .Ohio stock
9-20
1
6% class A preferred (quar.)—
United Fruit Co. (quar.)——--
Water; 4J/2% pfd. (quar.).
Pennsylvania Pipe Lines.
Southeastern Greyhound Lines, Inc., com.^_
Southern & Atlantic Telegraph Co., Ltd. (s-a)
•
-
13%.c
com)
1
3
10-
.
9-14
$1.25
Winnipeg Electric Co., 5% non-cum. pfd—_
Winsted Hosiery Co., common (quar.)
10-
(quar.)—
10-10
West
Railway Co.—
cla83 A
1
125c
!______
4.8% preferred (quar.)_.____
Southern New England Telephone
B
United
-
s.
7%
Baumer
10-
(quar.)!
$$1.75
South Pittsburgh
Southern
Class
&
11-
prefeired___
Gas.&
J
9-20'
$1.25
American Gold. &-Platinum Co
South Carolina Electric & Gas Co.—
Indiana
9-20
1
&
1
9-20
,
10-15
75c
iu
(quar.)
(quar.)
Wilsil, Ltd. (quar.)_
Wilson A Co., $6 preferred
"
4
__'
South
Southern
1
10-
Will
40c
(accum.)
Corp. (quar.)
$15c
125c
9%
participating preferred
Southern Colorado. Pwx. (new
10-
$1.50
(s-a)---—
Tool
Corp.
Sorg Paper; 6% preferred A (accum.)4-5% preferred (accum.)_
L
South
preferred
Co.
(quar.)
preferred
'
41%c
125c
Investment-CoiVitDetroit)--Pacific. KR.,
common v (quar.)_
4%'
Carbon
Sonotone
5%
Union
Drill
■5% prior preferred <quar.)_.*
Smith (L. C.) & Corona
Typewriters,, com._
$6 preferred iqudr.)
.1—___'
"
Smith (Howard) Paper
Mills, Ltd.—
convertible
Union
9-15
United
Sinclair Oil Corp. (quar.)
Skenandoa Rayon 5% pfd. A (quar.)
55c
9-14-
1
9-20
United
(quar,)-__
Manufacturing Corp.—
9-17
9-20
9-17
6%. preferred
9-17
1
1
—
9-29
9-
1
10-
k;
1
;
.
50c
Water,
t$1.25
$$1.25
•
9-22
1
1
7% preferred (quar.)
Twentieth Century-Fox Film Corp.—
Common (quar.)
-
(quar.)
preferred (quar.)
$5 prior preferred (quar.)
10-
10-
9-15
V.
,
Extra
10-
10-15
$5.50
v.
6%
10-
10-
9-21
—
Solar
9-20
10-
1
Dairies; Ltd., common (accum.)
Participating preferred (s-a)
1
Silverwood Western Dairies, 5% pfd. (quar.)
Simplex Paper Corp.
Common
Wichita
9-10
25c
1
(interim):
1
$1.18%
9-18
10-15
9-28
common
10-1
13c
10-10
preferred
conv.
Whltaker Paper Oo.
50c
Underwriters Trustj(N. Y.) (quar.)—
Union Carbide <fc Carbon Cbrp. (quar.)
—
10-22
Co.,
10-
Silverwood
•
Tobacco
10-
..
1
(quar.)-'—
Ltd.—s
Corp.,
preferred
Tuckett
$1.25
Sheep Creek Gold Mines'(quar.)
Shferwin-Wniiairis'Co. 'of Canada, Ltd.—
Common (interim)
7%.-preferred (quar)^
Premier
7
————15c
(quar.u
(quar.)
11-
$5
9-21
Two South La Salle Street
1
9-15
11-10
9-20
10- 1
10- 1
9-15
1
9-15
.10-
10-10
1
1
11-15
9-15
5c
1
10-
25c
1
$1.25
1
10-
56V4C
1
-$1.12Mr
10-
1
(quar.)
1
$1.37%
(quar.)
Corp., $5 pfd.
preferred
(N. J.)
10-
1
1
11-
10-
_____
10-
—
Association
(monthly)
63c
(quar.)
Sejrvel, Inc., $4v50-preferred (quar.)
Shaffer Stores
pfd.
$1.25
...
11-
25c
$1.50 gonv. preferred (quar.)—
Twin City Rapid Transit, 7% pfd.
.
*•" $1.75
li—;
Selected. Indus, Inc, $5.50 prior pfd.
Sitbak
9-10
5c
(quar.)—
43A%
9-10
10-1
$1.50
class A pfd. (quar.)_
$2.50 conv. prior preference (quar.J
Shawmut
10-1
(quar.)
Seiberling Rubber 5%
Sharon Steel
9-
' 31'Ac
5%.
10-1
9-18
$1.75
58MjC
Banking Co.
Tubize Rayon
9-15
$1.50
1
93%c
17Mic
(quar)
Tri-Continental Corp., $6-pfd. (quar.)
Trinity Universal Insurance Co. (quar.)-—
9-25
11-
Manufacturing' Co. (quar.)
Electric Co, $6 pfd. (qiia'r.)*
Securities Acceptance Corp., com. (quar.)—
7%
convertible
$2.25
$1
$1.12Mi
Scovill
10-
10-
Oil, $3.75 pfd. (quar.)
(quar.)
9-25
Union Telegraph Co., class A
Westmoreland, Inc, (quar.)__
Westmoreland Water, 6% preferred (quar.)
Weston
(George) Ltd. (quar.)
Wheeling & Lake Erie Ry. (quar.)_.
Wheeling Steel Corp., common
7*
140s/bC
(accum.)_
9-15
1
Western
9-25
9-
preferred
Trenton
$1.37%-
Soranton
Co.
preferred
(monthly)
*
5%
preferred
(monthly)
Tooke Bros., Ltd.-u-_
Toronto General Trust Corp.
Torontp Mortgage (Ontario) (quar.)
Torrington Company <quar;)--l
Towle
Manufacturing Co, (quar.)
Traders Finance Corp., 6%*pfd. A (quar.)_
Trailmobile Company, common
12-20
25c
Atlanta
Edison
6%
12-15
1
12-30
17,/ac
(quar.)
9-15
9-24
62Mic
Tobin Packing, common, (quar.)
7%
preferred (quar.)
Tide Water Associated
1,
10-
75c
8-28
Wieboldt Stores,
9-18
1
10-
(quar.)
1
50c
Stores, Ltd.— ;>
6V'2% convertible 1st
10-
$75c
preferred A
5
1
Co
40c
$$1.75
1
,
9-15
$1.12 Mi
Co.—
10-
$1.75
(quar.)„
1
|
Ik 10-17
10-
$20c
Securities
9-24
11-
37MsC
10-
10c
Incorp., $2.50 prior pref.
10-15
(quar.)
Insurance
.
10-19
-
$1.50
(quar.)
common
10-
10-10*
25c
—62MiC
Jose Water
5%
K
:
$1.12%
75c";
preferred
Common
11-15
Stores
Ltd.,
9-17
10-19- 1
11-15
$$1.20
(quar.)
5%
preferred A (quar.)
Western Tablet & Stationery—5%
preferred (quar. )_•»„_
6%
preferred
(quar.)__
10-30
of Reo<
1
$1.75
(s-a)
(accum.)
Western Pacific RR., common
Thrift
.
Francispo.Remedial Loan Assn.
6%
7
10-
(quar.)_
1
(s-a)
San
&
pfd.
1
(quar.)—
Ban
Savannah
7%
10-
___________
Sangamo
Light,
10-
(quar.)
Regis Paper Co. 5% 2nd pfd.
$2.50 prior preferred (quar.)
9-
preferred
Western
'
":9
10-
(quar.)
25c
(quar.)
Co., Ltd.—
St.
San-Nap-Pak
pfd.
$1.25
(quar.)
Antonio Geld
$6
+3c
Lawrence
7%
,
9-15
1
1
$1.50
Service
Shovel
1
10-
50c
,
Textiles,
Thew
10-
10-
43%c
(quar.)
(quar.)
Inc., common
preferred (quar.)
9-22
9-15
9-15
Grocers,
10-
$1.50
Ltd
Department
Western
9-8
1'
Breweries
Western
9-17
1
10-
(Toronto)
$1
preferred
1
1
1
10-
Assurance
Western
'
11-15
$1.50
pfd.
(quar.)
$$1.75
Joseph Light & Power Co.
St.
preferred
$6
10-
10-
0-20
/f 7-28
1
11-
10c
_____^
—
135c
St.
Extra
9-20
30c
__.
San
9-20
1
25c
$1.12%
Ruppert
Safety Car Heating & Lighting Co., Inc.—
Quarterly
Safeway Stores, Inc. common
{>%
preferred
(quar.)-
7%
1
10-
(quar.)
(Helena), Inc., class A (quar.)
(Jacob), 41/2%. pfd. (initial quar.)_
(Common
10-
West
Western
15c
Taunton Gas Light Co. (quar.)
Teck-Hughes Gold Mines (interim)
$1.25
12-
:^;!
1
9-
10-1
1
West
10c
Tampax,
$1.25
Rubinstein
(quar,).
Inc.
9-20
1
1
Preferred
Rockwood & Co.—
5%
(initial quar.)
(G.) Ltd. common (quar.)
preferred
Tamblyn
Extra
$3c
50c
$1.25
62MiC
10c
56M4C
120c
$62Mac
1
9-15
io-1;
25c
Corp. $2.50 preferred
(quar.)—.
(James), common (quar.)
150c
150c
162Vac
_
10-1.
Sylvanite
25c
_
partic. class A preferred (quar.)_:
Robertson. (P. L.) Mig., common (quar.)_
v
Syracuse
10-
,10ftv2fe
?:; 30c ?
10-21
10- 1
—
Sylvania Electric Products.................
Gold Mines, Ltd. (quar.)______—
Transit Corp., common.
Tacony-Palmyra Bridge, 5% pfd. (quar.)—
9-22
9-11
West
40c
..........—.......
Holder*
[
;
Payable
$1.75
(quar.)^
Penn Power Co., 4Mi% pfd., (quar.)__u
Point Manufacturing Co. (quar.)
Texas Utilities Co., $6 pfd. (quar.)
Virginia Pulp & Paper (irreg.)
Virginia Water Service Co., $6 pfd
West
9-
it
1;
VM.i„4'„y
preferred
West
9-15*
1
10- I
\
50c
;
7%
11-23
12-15
10c
West Penn Electric class A (quar.)_„
V 6%
preferred (quar.)
^
10-15
1
10-
$$3.25
(quar.).
(quar.)
Company
1
10-
50c
$2
5%
Steel Co.
&
(quar;)_:—.
——.
Calif,
11-
—;—10%
(Canada)
of
,
$-1.
Share
"
11- 5
,
......
Co..
Mold Corp.
9-10
Riverside Silk Mills—
$4.50
(stock
Assurance
10-1
50c
(quar.)
Dan River Cotton
a
dividend).
10- 1
$1.50
25c
$1.25
preferred
Co.
9-15
1
10-
$1.75
Riversiae
(accum.)—
10- 1
71c
$1.75
2nd preferred (quar.)
Richman Brothers
(quar.)
Richmond Water Works, 6% preferred (quar.)
Ritter Company, Inc., com. (quar.)
7%
k,
11-15
31MtC
(quar.)..
Securities—
$4 2nd preferred
Super
3.60%
preferred
(initial)
Rice-Stix Dry Goods Co., 7% lstpfd. (quar.)
Wells Corp., $1.25 pfd.
11- I
10-15
alTmmediIatelyeafter
43%c
12- 1
11-15
an
increase
of
15%
Jersey)—Operating Normally
President, points out that all plants of Jersey
are operating normally
and that collective bar¬
have already led to satisfactory; conclusions in,
the
Japanese
in basic
wage
surrender thlis company Panosed
rates lor aU classes of employee^.
•VI
:-v
VV.r
has
reduced
was
schedule
40-hour
rates
wage
week
work
normal
40
been
to
has
and
accepted,
been
be me.de when the 48-hour
hours.
In all- .units where
acbeduled, the 15% rito m
in other units-discussion* are
to
brackets,
executive
in-" Higher
war-time
Standard
the offer Reived
transfer of Stock.
Margay Oil Corp. have approved
to take over Margay through a
directors of
The
^
Ohio—Acquisition Approved—
Standard Oil Co. of
Oil
"
^expected
However,
additional
data
on
the
proposal are
Standard and Margay directors adjourned to meet in
:
ivlf
will
the
from
the near future.
the stock transfer plan
be submitted to Margay stockholders.
No hint was given as to
details of the additional data.—V. 162, p. 1400.
is approved,
information
additional
the
Stanolind Oil & Gas Co.—Acquisition—
subsidiary of Standard 011 Co. of Indiana, is
reported to have bought the gathering system of Humble Oil & Refin¬
ing Co. in the Wasson district of Gaines and Yoakum Counties in the
This
company,
a
West Permian Basin,
several
Magnolia
683.;
;
■
,
..
.
,
line
16-inch
Okla—V. 162,
Drumright,
to
-
Staten Island Rapid Transit Ry.—Earnings—
".'August—
Gross from
plant
capital
stocks of subsidiary companies, $185,073; land, buildings and equip¬
ment, at cost to present or acquired companies (after allowance for
depreciation and amortization of $6,100,153), $5,236,968; prepaid in¬
surance
(current
portion, above)
and sundry assets,
$203,476; un¬
amortized
bond
discount and expenses, $99,072;
goodwill, formulae,
copyrights, trade-marks, etc., $1; total, $27,107,716.
Net from
railway
railway
$408,122
201,436
97,067
142,138
from
from
Net
ry.
—V.
oper.
162,
p.
tax
surplus, $1,645,435>
V, 162, p. 819.
3,644.112
2,777,775
1,604,056
1.658.588
1,260.991
435,086
131,187
787,222
852,594
a new aspirin manufacturing plant at Trenton, N. J.,
$6,000,000 building program of this corporation, was
17 by James Hill Jr., President.
'
Costing $1,600,000, the new structure represents the first of seven
projects for expansion of laboratory and manufacturing facilities in
the United States and abroad, Mr. Hill said.
Its four building units
a
Sept.
present plant of the Bayer Co, division, 2144
'East State Street,
Trenton, N. J„ raise to 200,000 square feet the
amount of floor space devoted to aspirin manufacture, and permit an
employment increase in excess of 100%.
Work will start within the
next
two
weeks, with the completed structure ready for use in 10
months.
V'
"Cancellation of war orders has not materially affected Sterlings
position as to both sales and profits," Mr. Hill said.
"With extensive
research and control laboratories, 41 manufacturing plants and 120
branch sales and service offices in 31 countries, with sales at an alltime peak, with new markets developed during war-time in both hemi¬
spheres and old markets about to reopen, Sterling's plans reflect its
■will
with
connect
confidence
"The
the
in the future,"
plant,"
new
aspirin
Hill
Mr.
substantially
"wili
said,
increase
our
capacity, but we expect to operate at full
the war we developed new markets which have
resulted in a greatly increased demand for the aspirin and aspirin
products of our own manufacture, not only in the Unite^ States but
also in Latin America and in the Eastern Hemisphere."
Present manufacturing operations will not be disturbed by construc¬
tion.
The Austin Co. are the engineers and builders.—V. 162, p. 1030.
manufacturing
capacity.
During
G.
Trust Co.,
Harriman, President of the Manufacturers and Traders
Buffalo, N, Y., has been elected to the board of directors.—
272,
"'
.
if;;:
'
Stewart-Warner
Radio
wfieks
Starts
Corp.
>'*>
7
been
Civilian
housed
Sept.
on
the
in
21,
world's
only
largest privately operated
shell fuse
of radio sets on what is
attained.
'
'
,
'
••
,
Reconversion from
,
produced
1,200,000
powered
a fuse plant, where artillery and bomb fuses were
1940, until V-J Day at a rate which reached
monthly,
to a streamlined radio plant with lour**
conveyor lines each 270 feet
long Is believed by company
from
May,
units
executives
have
to
peace-time
set
a
production.
record
Before
in
rapid changeover from war to
conversion to war. uses the plant had
;;; been used as a refrigerator assembly plant.
The pilot run oi one of the four production lines initiates production
of 14 post-war radio models
by this corporation.
This number in¬
cludes
table
models,
consoles
and
radio-phrnograph
combinations.
.
Company engineers stated that the
of
left-over
-output of
parts
of
Some
pre-war
radios,
post-war
conditions.
in
%,T
of
still
is
or
does not represent an assembly
models, but is actual production-line
regular assembly and
the 14 post-war models
of
communications
continuing
equipment
materials-flow
included
were
for
the
armed
the
at
company's main plant, opposite
the radio plant..
This war production, the last of several millions of
dollars
worth
of
such
equipment turned
out
during the
war,
is
entirely segregated from the civilian production.—V. 162, p. 1400.
Stock—
The
New
issuance
Sept.
shares
in
20.
of
holders
with
of
applied for
sales, less returns,
Reference
the
payment of a stock dividend payable
Aug. 30, making the total amount of
888,780 shares.
and
selling
and
income
before
expenses-,:.—
oper.
inc.
-Amortization
of
(incl.
paid,
—-
less
of
amort,
bond
of
interest,
etc
facil. of $289,889)
of
emergency
received
interest
discount and
covering
*if
A
preferred stock
head
as
company s
and
net
'
premium
22 879
—
on
value
during
portion
year,
of
exc.
net
prof, tax of $3,000
2,375,000
$3 162,258
earnings
of
sub.
———.i—-——^
,_d
in
net
37,173
,
<g3 jgg 432
income
profit for year—
Earned* per common share
Divs.
paid
on
of
' 54|371
subsidiary
.
common
and
stock,
growing
per
—II—IIII
10%
farm
crops,,
S
stock
share )_.;•:
divT~(68,482~
offering
of
shares
statement
cumulative
$3.75
of
investment
the
shares
is
expected
be
to
special meeting of the stockholders to be held Oct.
made
following
10 for
a
the purpose
authorizing this new issue.
The company expects to use a portion
the proceeds to retire the outstanding 3%% sinking fund deben¬
tures due June 1, 1957, so that the entire capitalization would then
consist of the 100,000 shares of new preferred stock and the 1,005,000
of
of
'
under
presently outstanding.
Income figures included in the registration statement show consoli¬
dated net earnings of $1,882,771 for the seven months ended July 31,
1945,
after all charges including Federal taxes on Income.
These
earnings are subject to year-qnd audit and final completion of re¬
negotiation proceedings in connection with the company's war busi¬
ness.
was
issue
the
For
162,
All
'
May 31,
etc'
iafter allowance for
of
expenses
cattle,
582,097
1945
losses
of
$22,000),
feed, etc., accumulated cost of
applicable
to
current
season's
pack,
the
interest
•
outstanding
of war-time
showed but
years
mines
vi
'
-
-'•'•;.
general
refunding
and
of
said
full
the
payment
of
Dec.
1,
1945,
to
Bonds—
bonds,
5%
mortgage
redemption
price,
plus
accrued
received upon presentation
be
may
bonds.—V.
162,
1400.
p.
Textron, Inc.—Registers Preferred Stock—
The
has
registered with the SEC 200,000 shares ($25 par>
preferred stock.
The stock will be
offered
to
the
company
convertible
by underwriters headed by Blair
Maxwell, Marshall & Co., Los Angeles.
The
stock
if called
will
be
convertible until
for redemption
into
10
new
stock may be retired at any
share, plus accrued dividends.
Proceeds
will
be
used
redeem
to
purchase and install
&
Inc.,
Co.,
York,
New
and
days prior to redemption date
stock
common
The
on
share-for-share basis.
a
30 days'
time on
notice
at $26
.
prior preference stock,
outstanding
high-speed flat knitting machinery and to
new
expand operations.
Conversion Prices of Debentures—
notice dated
A
debentures
The
from
have
amended
of
substitute
a
the
of
value of 50 cents
par
convertible
association, effective
value of the common stock
articles
the
17, 1945, so as to reduce the par
share to 50 cents a share and to
$1
stock
said
Sept. 17 to the holders of 15-year 4'/2%
April 1, i960, says, in substance:
due
stockholders
Sept.
on
two
shares
Sept. 21 voted to pay the interest for the six
ending June 30, 1945, on the collateral trust 7'/2%
bonds, on Oct. 1, 1945, to the registered holders
at the close of business Sept. 29, 1945.—V, 162, p. 1440.
of
share for each $1 par share
a
outstanding.
As
result
a
this
of
time
the
at
of
in
and
the
action
such
prices in effect
respective conversion
amendment
to
articles
the
of
association
and
to
subsequent conversion periods were reduced proportion¬
ately.
Accordingly, the conversion prices now in effect and applicable
are
$16.66% until April 1, 1947; $20 on or after April 1, 1947, and
prior to April 1, 1949, and $25 on or after April 1, 1949, and prior to
April 1, 1951, these prices being half of the respective conversion prices
effect
applicable
immediately
Earnings for 6 Months
(Including
Earnings before
♦Loss
of
said
to
prior
Ended June 30,
Manville
elimination
Jenckes
amendment.-
1945
Corp.)
inter-company
profits
and
sale of fixed assets combined Federal
income
and
provision for
on
taxes
$2,210,564
profits taxes
excess
Combined
Royal
on
income
bonds
six
the
at
,
1,149,000
———
net' profit
$564,260
'Including sale to Synthetic Yarns, Inc., of the Woonsocket
plant of the Manville Jenckes Corp. on June 30, 1945.
period
cumulative
f
D, due Dec.
surrender
year 1944, consolidated net income of $2,053,235
reported.
The annual dividend requirement on the proposed
of preferred stock will be $375,000.—V. 162, p. 1327.
months'
610.
p.
of
series
full
directors
after
stock
<•
Texas & Pacific Ry.—Calls Series D 5%
stock
common
that
in
policy placed the industry in the unique position of supplying
raw
material that the Government, instead of placing
priority, actually urged consumers to stock in order to ease
demands
on
our
heavily taxed transportation facilities."—
applicable
of
shares
scale
a
sulphur
J
'•
Little,
raw
matrials
war
ended
munities
believe
President,
to
employ
began
we
which
in
it may
states:
plants
additional
an
2,000
rayon
have the machines and
workers.
The day after
intensive
an
advertising campaign in all com¬
increase our total employment.
We
year before we can fill our total require¬
operate,
we
"Our
be at least
a
to
ments."
Tennessee
Gas
Transmission
&
Co.—Purchase Group
As
by
result
a
of
purchase
the controlling
of
group headed by Stone & Webster,
the Junior capital
structure of the
a
that
simplified
Such
revealed.
this
company
it was learned recently
company will be
Tennessee
expanded.
and
would
move
a
financing
which
will
taken
be
be
to
sounder
base
provide
a
for
necessary
company's
the
for
growth,
future
it was
stated.
Stone
&
interest
Webster,
which
Inc., expects to retain most of the substantial
purchased, along with associates, in the pipe line
it
date,
Chicago Corp. for.«:$10;500,000.
in addition to Stone & Webster, Inc.,
Blyth & Co., Inc.; the First Boston Corp.; Kidder, Peabody &
Co.; Lehman Brothers; Mellon Securities Corp.; Union Securities Corp.;
White, Weld & Co.; W. C. Langley & Co.; Paine, Webber, Jackson &
Curtis; Central Republic Co., Inc.; Bosworth, Chanute, Loughridge <fe
Co.; George A. Clifford, and H. Gardiner Symonds.
that
staled
respecting
group
proximate
mr
detailed
plans have been developed by
of the holdings acquired which
the disposition
90% each of the
about
Tennessee
common
Gas.
,
and
class
from
A
than Federal
from
Toledo
shares
income
1944
$1,348,995
$1,020,779
228,162
212,013
155,398
this
they
year
are
to
totaling
76,527
$869,544
$594,845
59,795
35,307
—
$929,339
$630,152
213,846
—
Depletion
101,529
depreciation—
and
for estd. Federal inc.
minority
245,702
329,803
and. exc.
interest in
income
prof, taxes
.
<
48,000
40,000
•
subs.-____—
27,016
$337,689
outstanding
Earnings per share
—
Balance Sheet,
hand
on
888,153
$0.33
$0.24
—
•
Assets—Cash
—
$215,903
1,014,730
—^
Shares
and
June 30,
in
equipment
and Assistant to the President,
819.
p
Shipbuilding Co.—Acquired—
Ship
above.—V.
Building Co.
157,
1190.
p.
—
Purchases 36
Jack
Frye,
the
next
the
fleet
A
of
Sept. 20,
announced that TWA would
300-mile-an-hour commercial air service
President,
on
world's first
inaugurate
within
few
weeks.
Lockheed
Constellations
will
used
be
to
establish
such
coast-to-coast
flights in approximately 10 hours and New
crossings in less than 14 hours, Mr. Frye said.
This
will
cut
four
to
seven
hours
off
the
fastest
existing trans¬
continental flights and from 9J/2
to nearly
HV2 hours off present
commercial trans-Atlantic schedules to Europe.
'
*
as
ocean
revealed
He
costing
that
"tomorrow"
ready
sengers.
;
four-engine
Atlantic
and
of
the
titans
will
airplane.
period,
after
rr
■
TWA
continue
service
to
on
Constellation
DC-3
60
seen
first
on
TWA's
North
routes,
Mr.
Frye explained,
because
gained by TWA's exclusive development of
12 ships will be delivered to TWA over ^
which it will release the airplane to other
rights
The first
airline's
be
transcontinental
two-month
lines..
of
;
sky
delivery
prior
four-engine
first
for
<
•
purchased a ileet of 36 Constellations
planes, cruising at five miles
the long-heralded super-transports of
commercial service.
They will carry 51 pas*
These
the
are
has
TWA
$30,000,000.
minute,
its
other
routes.—V.
;<■..
■
will
and
airplanes
these
use
Fleet
five
aircraft
162,
p.
'
.,
be
operated
in
Stratolinersj
to
step
Up
v<
addition
to
the
The airline will
the frequency of
1441.
f
1945
banks, $524,280; marketable securities,
at cost, $304,249; accrued interest on U. S.
Treasury obligations, $1,063;
note receivable, secured, $8,000;
accounts receivable, $358,956; inven¬
tories, $237,838; long-term note receivable, secured, $46,000; lease,
miscellaneous
162,
Constellations—
137,393
95,890
income
expenses
and
notified
of
quarter
of
1945
Non-operating
Net
fourth
director.—V.
a
American
York-to-Europe
repairs—
operations
income
elected
been
See
,u .,
operations
expense, maintenance and
and
administrative expense
to
cancelled, Mr. Little
in war work, but to
been
$1,157,000.
Kingsley Redewald, Vice-President
has
per
Total
the
$140,000 in prime and
Transcontinental & Western Air, Inc.
Six Months Ended June 30—
Profit
have
and
of
been
$570,000
ap¬
Co.—Earnings—
Production
other
for
total
a
since
had
Thatcher Mfg. Co.—New Director—
F.
service
Texas Gulf Producing
General
cancellation
no
sub-contract
a
have
Corp.
If negotiations now under way for the acquisition of the Lonsdale
are
successfully completed, Textron will operate a total of ap¬
proximately 250,000 spindles and 7,000 looms, making it one of the
largest manufacturing organization in the high-quality textile products
field.—V. 162, p. 1440.
the
The Tennessee Gas & Transportation po. owns a 1,265-mile pipe line
extending from Texas to West Virginia built during the war to bring
gas
to the important Appalachian industrial area.
The line began
operations on Oct. 31, 1944, supplying gas to factories in Pittsburgh,
Cleveland, and other arsenal cities.—V, 162, p. 1440.
Taxes,
which
of
Jenckes
Co.
Members of the purchase group,
was
had
approximately
include
It
most
Manville
have
receive
ended, Textron had
war
the
from
company
the
subcontracts,
interest in
Inc.,
When
(after
reserve-
for: depreciation
-x.
Union Electric Co. of Missouri—Registers With SEC—
The
company
collateral
has registered with the SEC $13,000,000 first mortgage
trust
bonds due 1975 and 40,000 shares of preferred
will be sold at competitive bidding and the offering
price and interest rate and dividend rate will be filed by amendment.
and
stock.
The
issues
of
$3,459,014),
$1,679,306; producing leaseholds
and: royalties
and
intangible development costs (after reserve for depletion of $5,333,749),
$3,773,426; non-producing leaseholds and royalties, net profit interests,
$49,605;
other
assets
and
deferred
incomplete plant construction,
charges, $73,202; total, $7,636,979.
payable—Guaranty Trust Co. of New York, #$336,-
000; accounts payable, $109,790; accrued group insurance premiums,
$3,252;
accrued salaries and i wages, interest and royalties, $18,000;
accrued
taxes, other than Federal income taxes, $43,403; payroll
deductions
taxes
for
war
withheld.
reserve
for
bond
$6,918;
estimated
purchases,
accrued
Federal
$2,036;
Federal
employees'- Federal
income
taxes,
1944,
The
the purchase in March,
Laclede
&
Power
transaction was temporarily
V.
remaining
162, p. 1328.
will be
United Aircraft
income
In
an adjusted price of $8,439,909.
This
financed out of company's cash resources.
to the company's general fund.-—
applied
Corp.—Changes in Personnel—
realignment of the
a
1945, and to financing, on a permanent
1945, of the properties and business of
Light Co. for
Proceeds
$21,000;
income
proceeds will be applied to the redemption of $9,000,000 promis¬
notes maturing Dec. 28,
sory
basis,
corporation's accounting and financial
per*
taxes, current year;- $48,000;
long-term liabilities, note payable, Guaranty Trust Co. of New York,
$420,000; reserve for ^contingencies, $37,384; common stock ($1 par);
sonnel, the directors on Sept. 24 elected Joseph F. ■ McCarthy. Con¬
troller, to the new office of Finance Chairman, and William R. Robbins,
$1,013,282;
'
com-
«•>?;•
Sheet,
$3 48
309 75g
deposits, $2,648,184* accounts rpceivahle
$12,661,244; advances to-growers arising from
inventories
and
'
~
demand
inventories,
•
$710,194,
-
Consolidated Balance
Assets—Cash
$3,927,658;
14s Ofin
prior preference stock
mon shares-at $8.50
\
100,000
electronic
and
other
registration
fpe lands and rights-of-way, $581,054;
cos.
Net
yS
of
group
of
of
100
Paine, Webber, Jackson & Curtis is named
houses which will underwrite the
par).
I no
the
Liabilities—Note
on
a
per
.
Public
district
subseq. to the acquisitions thereof
Minority stockholders' interest
paid
shares
10
issue
new
'742,815
<_
Total' i.'—
Divs.
of
$6 485 066
income, inch Federal
$387,000, after deducting 10% credit
$43,000, and Fed. decld.
acquired
declared
1945,
of
issue.
T48l[692
132 115
Balance
Parent
proposed
a
Prov,
_
exp.
——
tax of
,
22,
rate
Sylvania Electric Products, Inc.—Registers With SEC
Applicable
zzzzi:::::::::::::::!:.
on bonds retired
Federal and State taxes
for
the
such
on
essential
future
V.
to
Aug.
on
at
out
"This
one
A-11865,
previous, application,
Company,
manufacturer of lighting,
radio
products, on Sept. 26 filed with the SEC a
aqo 44a
$3,797
Prov.
company's
stock dividend on the
shares held, payable
Dec. 15. to holders of record Nov. 23.
The stock, when issued, will
be charged against the earned surplus of the company at the rate of
$34.3333548 per share.—V. 162, p.
1211.
stock
2 687366
—
carried
was
activity the amount
little change.
The
depreciation,
•
Interest
the
to
.
safeguard against excessive demands and unforeseen contingen¬
Despite the unprecedented requirements of our war industries,
for shipments in hitherto unheard-of quantities, production
a
The
57'275*692
' 16 921
„
Net
amount
1944.
1.
directors
Non-operating
general expenses^..
Operating profit
other charges .(net>^——
Depreciation
official notice of
applied for
on
total
Year Ended May 81, 1945
sales, exclusive cf depreciation——
Losses from farm opers,, less storage and misc.
Administrative
par),
the
a
calling
a
made
is
Sept.
common
allowances, freight and cartage— $67 954,119
Cost of
Advertising
(no
making
record
££ Consolidated Income Statement,
Cross
a
Gross, income
Exchange has authorized the listing of 80,750
common stock
(par $1) on official notice of its
connection
to
stock
common
*
York Stock
additional
r
stock
common
stock dividend,
as
Stokely-Van Camp, Inc.- -Listing of Additional Cornmon
of
Exchange has authorized the listing of 312,277
shares.
run
under
each
the pilot run.
Production- of radio
services
shares
issuance,
few
a
plant, this corporation began a "pilot run"
believed
to be the longest continuous-flow
production line
in the
industry.
Prom four parallel radio assembly lines Stewart-Warner
engineers expect to turn out 5,000 sets daily when maximum production
is
York Stock
^tar to. the flag at each
..
public
Co.—Listing of Additional Common Stock—
3,465,807
Output of
which
buliding
a
as
cies,
5%
New
v.-
,
hospitalization, surgical and medical care benefits.
The plan has
by the Aetna Life Insurance Co.—V. 161, p. 2793.
Sun Oil
fourth
a
• '
1,1
' •
further stated;'
;
•:'
of sulphur, this company has
policy of maintaining large stocks of sulphur at its mines
Immediate
comprehensive
a
Named—May Simplify Capital Structure—
that
announced
before
of
adding
thus
j,"
pursued
underwritten
of said
Sets—
It'is
'
>
!'?•i:*f- ? U ^
$ tf'S
establishment
plan for all mill and office workers at the Newburgh, N. Y.,
plant and for office, sales and executive employees in the New York
office.
It provides for free life insurance, accident and health insur¬
The
V. -160,
p.
the
Galveston,
company, in its announcement,
"As
the
world's
largest producer
1, 1980, have been called for redemption on Dec. 1,
next, at 105 and interest.'
Payment will be made at Chemical Bank &
Trust Co., successor trustee, 165 Broadway, New York, N. Y.
Taylor-Wharton Iron & Steel Co.—Interest—
J.'' (■ 5
Sterling Engine Co.—New Director—
Lewis
$27,107,716.—
total,
1
announced
company
dated
Construction of
on
$7f946,891;
benefit
The
announced
surplus,
(S.) Stroock & Co., Inc.—New Employees' Plan—
The
90,177
Sterling Drug, Inc.—Inaugurates Building Programinaugurating
earned
at
The
1,
July
payable
payments on unfilled
State taxes on income
advance
$7,582),
additional
income—
1030.
dividends
$2,076,124;
$921,554;
items,
in
investments
$2,300,180;
(after
The
3,809,727
1,463,296
695,043
railway
railway
payable,
accrued
$142,315;
provision for Federal and
anticipation notes of $2,386,582, including accrued interest
$509,279;
15-year
3%%
sinking fund debentures, due
Dec.
1,
1958, $3,440,000; mortgage bonds on property acquired, 4%,
payable Sept. 1, 1952, $80,000; minority stockholders' interest, $590,378;
5%
preferred
stock,
$6,706,020;
common
stock,
$808,030;
capital
orders,
133,972
Prom January 1—
Gross
$83,825;
above,
$283,149
240,714
84,488
oper. income-—
ry.
$530,232
portion
current
Liabilities—Accounts
1945,
ance,
1942
1943
1944
1945
$443,019
172,633
Monday, October 1, 1945
plant.,'.
advertising supplies, at average cost, $13,018; prepaid taxes,
etc.;'$1^7,114;' accounts receivable, subsidiary companies,
post-war refund of excess profits tax, $84,053; cash sur¬
render value of life insurance, $105,228; account receivable, subsidiary
has been buying crude from
Humble units gathering and
Stanolind
the
of
Texas.
company
months,
to, the
terminal
Net
';.v!
1
insurance,
these pools for
with the
delivering oil
Pipe Line Co., which carried the oil the West Texas
Stanolind
The
Net
'*t
.'
'"V.rWj,
I.,
$181,523;
of
p.
r.,T,;
$712,096;
company,
proceeding.-r-V. J 62, p. 1400.
from
#1
*»
THE COMMERCIAL & FINANCIAL CHRONICLE
Mcept
f
•
VMi
J>
V
.
'
1556
the
(
n.
«,
ttfAvtyr.
;r. vv
according to
dividend-
credits
outstanding,
$1,448;
capital
$371,329; earned surplus, $5,205,135; total, $7,636,979.—V. 161,
Texas Gulf
The
company
Army-Navy E
surplus,
p. 2794.
Sulphur Co.—Army-Navy "E" Award—
Sept. 24 was notified of the award of the fifth
the production plant at Newgulf and the loading
on
to
General
Mr.
will
but
Accountant,
the
give
more
--financial policy
tion.
p.
to
the
The
1030.
as
office
time
as
to
of-Controller, effective oh Oct." 1,
Frederick B. Rentschler, Chairman.
office
announcement
McCarthy continues
of
Chief
the
and Financial Officer,
of accounting and
of the corpora¬
be discontinued.—V. 162,
Accounting
broader
aspects
well as the general business affairs
of
general
accounting
will
Volume
Number 4425
162.
1557
Union Sugar Co.—Stock Split-Up—Annual Report—■
stockholders
The
stock
from
$12.50
value,
par
j;
two
shares to be
new
issued
in
will
Halsey,
on
Profit
on
land
Profit
on
$254,045
150,292
85,910
,121,827
Net
oper—
operations.
and
exps...
181,837
oper.
gen.
(308,408
profit from
sales
on
$497,771
expenses
profits
8,480
-26,235
'62,166
126,763
Net
Blair
excess
130,257
58,928
$187,839
$166,566
$257,297
147,262
147,262
147,262
share-
$1.20
$1.36
$2.10
'Normal
tax
ana
sunax,
ste.uuy;
aaaiuunai
taxes
appncauie
Caldwell
Sheet,
Balance
Co.,
Commercial
Union
100,000
May 31, 1945
Wholly
1,500,000
150,000
100,000
200 000
C.
F.
City
100,000
200,000
200,000
W.
Corp.
Kendall,
Clarke
Assets—Cash
banks
in
and
on
hand, $393,606;
savings bonds
U. S.
C.' C,
and notes receivable (after reserve lor
doubtful accounts
of $2,196), $194,780; refined sugar (at
cost),
$205,532;
manufacturing supplies, beet seed, etc. (at cost),
$156,969; factory and field expenditures applicable to 1945 campaign,
$108,119; property, plant and equipment (after reserve for deprecia¬
tion of $2,761,220), $2,731,387;
deferred charges, $101,333; estimated
recovery of prior years' Federal taxes on income,
$30,000; land sales
contract (due after May 31, 1946), $16,000; other accounts and notes
receivable (after reserves of $15,057), $8,944; cash surrender value of
894,121;
cost),
(at
250 000
life
policies,
insurance
panies (at cost), $2,451;
award
the
lOO^OOO
1945;
due
agency
or
Oct.
of
Interstate
laws
of
the
Hampshire,
the
States
California,
Maine,
other
funds,
(Inc
10()'000
)
loennnn
H™Harrison"
pler
250,000
&
Harrison &
Robert
coC0&
Corn
NnrfrO^
Tmn-Jxr
extending
from
miles of
about 3,544
owns
Council
Bluffs,
la.,
railroad,
Ogden,
to
Utah,
the
and
in"6, Space
Co^
Jones
Thoma^ Kcnrn
Thomas Kemp
M.
,7n
&
Sn222
300,000
100,000
items
set
as
out
In
between
Council
Bluffs
so
far
as
appurtenances
hereafter
Offsetting
(Excluding
to
it
7
!„"y.
the
N«w
Securities
rights in mortgaged premises.?
York
Stock
Exchange
Exchan^
Act
of
oper.
revenues
45,890,956
oper.
expenses
29,366,450
11,371,103
'Taxes
(net
Neal
&■
from
operations
from
for
thef
and
for
their
other
Total
$
1
$
45,321,171 347,454,579 322,363,680
26,533,641 220,318,298 211,849,024
13,827,910
90,070,657
79,396,384
1,319,771
8,788,450
7,479,783
3,485,548
3,639,849
28,277,174
23,638,489
1,210,389
1,219,758
10,609,075
10,246,666
Net
4,695,937
1,129,091
4,859,607
1,179,541
38,886,249
9,045,583
33.885,155
9,396,873
3.566,846
other
income
charges.
from
3,680,066
29,840,666
24,488,282
all
"sources
'Incl.
Fed.
excess
—V.
and
income
profits
$9,100,000 $11,900,000 $73,400,000 $64,000,000
taxes..
162. p. 1441.
United Artists Corp.—Current Production a Record—
The corporation on Sept,
24 announced that it has currently in
production more pictures, with more stars concerned, than it has ever
had in its history.
The unprecedented number of 35 stars; with more
than
x.
,
•.
1944
is
,
United Public Utilities
Corp.—Hearing Oct. 9—
The SEC has set Oct. 9 for reconvening of a hearing in
the corporation's proposal
to sell its investment in
connection
two sub¬
sidiaries, Dakota Public Service Co., and the Knife River Coal Mining
Co.,
to the
Montana-Dakota
Utilities Co.
for
$7,068,522,
plus an
amount equal to the net income of the companies from April 30, 1945,
with
the
posed
date of closing.
sales
from
United has asked the SEC to exempt the pro¬
competitive
$3,750,000 of the proceeds
—V.
162, p.
-:r
t:
bidding
and to authorize it to use
note due on June 30, 1950.
to prepay a 2%
1213.
J
it,!
'
$3,367,822
■
1,091,649
$1,569,017
1,091,879
1,091,649
Y; t$15,475
.
,
'
$1,801,172
1,091,879
$477,138 ?/
shs.
:
946,546
1,285,488 vf; 1,120,104
,
Nil
$709,293
«
,
$0,90
v
*
<•'
'
}■
k
r-
tDeficit.
to
*
<
>
as compared with the same periodC
production and higher coste resulting
lower
shortage
of
manpower during the year.
The
but it is
hoped manpower will be
remain
inactive
these
properties
that
so
r
in earnings
due
increased
properties
be
can
in
reopened
1946.
v"
Vice-President and Treasurer Elected—
George Mixter has" been
elected
Treasurer.—V.
''
■
v
'
■
elected
162; p.
*
Vice-President
54.
*
.
r
;
,
Fiske'
Frahcis
aiid
j
"
•
,
.
v
„
Valley <& Si)etz Jklt.—Stock Authorized—
The
ICC
$640,000
on
of
Sept.
authorized the
19
capital stock,
to
company
consisting of
10,000
issue
shares
' ^
■
not exceeding'
to be
(par $64),
exchanged for- art equal number of shares of the par value of $100
each.
J
1
;■
Company intends to reduce
$640;000 by changing the par
Its
10,000
A
-
'
•
,
.
Jan.
'
.■>•
shares
/
Inc.—Earnings—
y, '-j ' "
from:'?:!$i',obq,bbbY<l<^-'.
stock
capital
value of
share.—V. 137, p. 2101.
Veeder-Root
-
a
'
/. ]
'.
Jan. 1;;'44
i"
to-,'
''
$100
»' '!j'
s
iA*45
to
from
: ;
v
Jan. 1, '43:
to rl'"'
Aug. 12,*45 Aug. 13,*44 Aug. 15/43
Earnings
Divs.
of
parent
$576,478
corp
receivedtffrom subsidiary
•? ••
,
Total
'
—J—
Federal
income
taxes
Prov.
and
of
(net
for
$1,832,515
co
•
' $1,818,285
:5,840
*
V.
«
;V
—
profits
excess
post-war
contingencies
of Fed, exc,
'
$576,478
•
$1,832,515
-.V
'
'•
a
Balance,
credit)——Yi
In
230,688
amount
"
pfts. tax post-war cdt.
surplus
;
$345,790
Dividends
=$1,824,125
:fV;.v;C ,>•
*
;
1,279,790 *'i>. 1,221,896 ?
>V.y r "
114,162 J V'1 107,677
■
$438,563
200,000
Surplus
$238,563
Comparative Balance Sheet
Assets—
"
.
A.*
Government
Inventories
Other
;
—
,
:
»
1,137,185
1,670,019
net
1,816,170
255^364
}■
282,078
subsidiary companies, cost
208,203
excess profits tax
—140,955
/> 313,397
$6,193,434
A$8,296,028
' ' $93,567
$88,225
2,000,ODQi
refund of
war
970,303
?
1,261,103 /
assets
Post
"1,017,836
369,356
—
*
Investments in
$194,552!
$2,550,856
1,011,237
receivable
—
assets,
$1,277,197
obligations
and accounts
<,
>
—^
*
S.
Notes
,
/
Aug. 12/45 Aug. 13,'44
Cash
U.
,! $494,552
300,000
200,000
$145,790
——
Total
—
208,203
Liabilities-
Current
accounts
payable.:.!:.
banks^.^.i/^.
Notes; payable,
T„_
Reserve for
renegotiation (1944)
for co"ntihgencies_.^..-»«_/ii:._.
50,000
*
140,955
Accruals and reserves, miscellaneous—
Accrued taxes (net)—.
Capital stock
270,406
27,635
(200,000 shares no par)
Capital surplus
Earned surplus
—
455,188 ?
Cr205,744
2,500,006
701,334 /•/ 701,334.
—T.
2,409,537
Z
...
—
313,397
•
2,500,000
...
' $6,193,434
Total
161,
2794.
p.
Net
2,443,628
$8,296,028 Y
.
,
Earnings—
1945
from
from
Net ry.
railway-
oper.
:
1944
YYY 1942
1943
$7,816,725
$8,162,564
2,861,139
3,320,906
712,670
940,892
23,833,955
63,376,915
24,715,411
6,217,570
income|.__
$7,167,292
1,963,260
595,102
64,672,505
railway
6,037,324
$7,299,904
3,185,176
;
734,630
From Jan. 1—-
Gross
from
railway
Net from railway
Net ry. oper. income
—V.
Ward
plan
62,768,291 / 48,915,062
26,635,983
18,485,653
7,799,151
5,890,563
162, p. 1031.
Baking
Co.—Recapitalization
stockholders' at
of
a
recapitalization
company's
directors
Approved—
; <
special meeting held on Sept. 26 approved a
which had been formulated and proposed by
earlier
Ibis
'/* ?
year.
terms of the plan distribution of new securities to present
holders will be as follows:
Holders of each share of old
$7 $50 par value preferred stock will receive $25 in new
25-year
debentures (subordinated), $25 in new 5Vite/c preferred stock ('A share),
and 2'/2 shares of new $1 par common stock; holders of each share
of no par class A stock will receive one share of new common and a
warrant to purchase Vx share of new common; and holders of each
share of no par class B stoclr will receive a warrant to purchase
share of new common.
'
The warrants to purchase new common stock run for 10 years, but
are to be non-excicisable until
April l, 1947.
For the next four* years
the warrant price will be $12.50 per share of common stock, and in
the last five years $15 per share of common stock.
•
'
Upon consummation of the plan the authorized capitalization .of
this company will consist of $6,395,200 of 5»/2% debentures, $6,395,200
of 5'/a%
cumulative preferred stock, and 1,250,000 shares of common
stock.—V. 162. p. 1442.
•
s,
,
*
rr,
r*
Jnu" »
Under
the
security
"■
Sugar Corp.—Bid for Property— |
1~.
/
reorganization trustee of the corporation,
received from the West Indies Sugar
Corp. a proposal to purchase all the Assets of Warner/ and to com¬
promise pending litigation.
'
>
West
Indies,
holder of $560,000 face amount of Warnei" bonds,
would surrender its bonds and pay $2,112,217 In cash for all ,the com¬
mon stock of the reorganized company.
/Yv,- ;
b
This cash,
together with the cash and other liquid assets of the
debtor plus the proceeds of an $800,000 bank loan, will constitute a
fund estimated by West Indies as adequate for making the following
proposed cash payments: reorganization expenses not to exceed'$250,000; public bondholders, the full principal amount of their bonds,
Francis
J.
Quillinan-,
Sept.
'W*
1
.
.
Warner
»■
H'l
,
$1.34
.
all
reduction
chiefly
further
gold
1943
•;
<
.
(&
charges except domestic and foreign Federal
income and provision for reserves for depreciation, depletion
announced
the
:
:s
in connection
These comprise films that have been completed and
await reiease, or are being edited, or are being shot in the studies, or
are
definitely in preparation.
Included are 22 American producers
and three English.—V, 159, p. 2679.
•
i
twice-that-number of featured players/ are listed
with'40 pictures.
or
of
"'NyY-'
.
on
-y
in
the
listing of the bonds On
under
deducting
on
The
income
&
•'
;
1944
.
^
-
;
outstanding
amortization.
Gross
Companies)
1945—8 Mos.—1944
~
w *.■**>-
and
y X
$2,168,053 >$3 758,378
-
^
528,765
on
stock
August—
the
and
sources
Fixed
to
registration
'After
—V.
transp.
...
invests,
shares
100,000
150,000
Inc.
1,667,855
charge)
inc.
Net
Inc.
>
made
1934.
150,000
Equip. & jt. facii rents
acquired and, -to the extent provided in the refunding mort¬
be
Co...
Wag-
$
Ry.
.
thereto, and to equipment trusts)
mortgaged property, whether now owned
Listing—Application will
Dulles &
Between
Accounts
212,500
250,000
1945—Month—1944
Ry.
on
any mineral
Co....
and
attaches
the
100,000
&
goner
$
equipment or
interests
therein
now
owned
or
hereafter
acquired.
The refunding mortgage is not a lien, on lands or inter¬
ests therein not appurtenant to the mortgaged railroads or on any
property owned by subsidiary companies or on any securities or on
gage,
Wyatt,
125,000
150,000
Earnings Including Leased Lines—
Period End. Aug. 31—
Security—The refunding mortgage is a direct lien on approximately
3,539 miles of railroad now owned by the .company (subject only to
the prior lien of the company's first railroad and land grant mort¬
gage on about 2,019 miles,
comprising most of the company's main
lines) and a lien (subject to the, first railroad and land grant mort¬
gage,
150,000
the
'77';
•
...
Wright
^1945
—
share
per
common
Reserve
'
Wurts,
250,000
main
from
Ogden .owned by the com¬
pany (which, with other owned mileage, is subject to the refunding
mortgage) connects at Ogden with, the linqs of the Southern Pacific
System, and, with those lines, forms part of the "Overland Route"
which
handles
a
large volume of traffic between California and
the.east.
Hattier"&"san-
White.phinipS
j,
of
par)"from,
•
requirements—
Wabash RR.-
leases, and in the case
of St. Joseph and Grand Island Ry., dividends
(amounting to about
$2,500 per annum) on stock now outstanding in the hands of the
public.
77,;-.'
line
7'
Co., Inc
Harold E. Wood & Co.
Woodard-Elwood & Co.
F>
250,000
Meeds
&
4,250,000
150 000
F. S. Yantis & Co.,
Oregon Short Line RR.
(Salt Lake City, Utah, and Grander,
Wyo., to Butte, Mont., and to Huntington, Ore.); Oregon-Washington
RR. & Navigation Co. (Huntington to Portland, Ore., and Seattle, Wash.,
and to Spokane, Wash.);
Los Angeles & Salt Lake RR.
(Salt Lake
City, Utah, to Los Angeles, Calif.); and St. Joseph & Grand Island
Ry. (St. Joseph, Mo., to Grand Island, Neb.).
The leases with said
companies, which became effective Jan. 1, 1936, extend from year
to year until
terminated by either party on three months' notice.
All the capital stock of the lessor companies is owned directly or
indirectly by
the company,
except directors'
qualifying shares
of
Oregon-Washington Railr^pd & Navigation Co. and less than 1% of
the capital
stock of St. Joseph and Grand Island Ry.
The rental
payable under the leases includes interest on funded debt, depre¬
The
The
^2n nn2
rn~
Co..
Wertheim & Co
Wheelock & Cummins,
White
lord
n
Laird,
Bissell
1™:S§§
Tnc
150l00°
&
Co...
<tr
&
Kidder
300 000
150.000
Kinsley & Adams
of
other
20o!gOO
400,000
l£;7
total
a
$1,076,404'
dividend
Fixed
Welsh' Davls & Co...
180;000
Kilman" V77"YrT7~"
Kean
Wvlnr ji- rn
City, Mo., to Denver, Colo., and to connections with the
Council Bluffs-Ogden line at Cheyenne and Borie, Wyo.
It operates
about 9,780 miles of railroad, including lines owned, leased or over
which it has trackage rights.
The principal leased lines are those
and
1,250,000
Webster "&~oifcson::;:
Weil & Arn°ld-
Kansas
ciation
Co...
Spencer Trask
100.000
'?°°
I''
r-7
Co
Ed
Edtrd'D
aid
D.
1
!
&
——
Wachob-Bender Corp..
required
Company—Company
Dabney
.....
Vietor Common. Dann
"of
Com¬
of the sale of the bonds will be used, together
to redeem, as of Dec. 1, 1945, at 106 and interest,
Tyson
icn'nn2
rn
Invesiement
A.
Townsend,
150,000
100,000
400,000
188588
H rsch
of
200,000
CoThomas H- TemPle Co.
Thomas & Co
unnuun
Bruce~je'r.—
wTi
S^'&&
Sutro
° '°°°
HawVinE~& Co"
Keller
Massachusetts,
00
nnn
^tock^-
shares' (no
Y.—- 903,873
Balance
400,000
'
50,000
•
Stern Brothers & Co..
rn~
'
beneficially
earnings
Earnings
......
100,000
150,000
^
"HalT"77~ Cn~
Harris
Net
Preferred
300,000
nnn
.
%
Havdnn
Ca »*ter
refunding mortgage bonds, series A, due June 1,
1980.
to redeem the series A bonds will be deposited with
the trustee
upon
the delivery of the series B bonds, and series A
bonds will be redeemed promptly thereafter.
lines
An^de^r-
&
Inc
$81,602,000
Funds
& Co"'
on
Inc
Smith, Moore & Co.—
Starkweather & Co.„
75onnn
Elli^
Harlev^
Purpose—Proceeds
with
Inli
-
nlnnnn
'
°
i
J"?0 Hata^er J V ''fooooo
New York, Ohio and Rhode Island, and
under the general laws of Pennsylvania.
Jersey,
New
banks organized
savings
of
100,000
GrWan-&Cookr"
&n
B
400,000
30G'0°0
250.000
^'rn
Parsons
;
y
and
4,250,000
'
son
Banks—In the opinion of counsel for the com¬
bonds will be legal investments for savings banks
series
the
—
SEC
Res. for deprec.^ deplet. &. amort..r
..
r-v,
200 000
Lincoln, Nebraska
Graham
,
the
'
-
Truancy, of
.income
on
.
share to $64 A.
**
'
Cleveland
Inc.
1946;—
Smelting^ Rehnin^ Y<^YMinin^ Col;
States
100'000
Pomeroy,
100 000
(be
'Gross
earnings (estimated)__.
Domestic And foreign Federal- taxes
100,000
.
Schwdbacher & Co.___
■■^or!?e:r &
S°tS?
~7—T
Ch^S' W' Scranton &
400.000
Poster & Marshall
Savings
for
Legal
pany,
under
for
by
First
Green
United
4,250,000
4,250,000
looonrv
Corp.
The.First
1,
authorization
250^000
with
beneficially by,
company owns
common.—V. 162, p.
available
?00il ^fv Co'»"
Schoellkopf, Huttbn &
150 000
'
Inc.
Commission-
merce
New
to
7
registered
8 Months Ended Aug. 31—
from
200,000
Inc* —-—
——
L. F. Rothschild & CO.
'
Field, Richards ,& ,.Co._
California Co
.
subject
Inc
First
company
_
sale
and
Issuance
J.
The
'
100 000
Farwell. Chapman & Co.
Ferris Exnicios and Co.,
1990.
Prin. and int. (A-O), pay¬
in New York.
Definitive bonds
will be
in coupon form,
in denomination $1,000, registerable as to
principal, and in registered form without coupons, in denominations
of $1,000 and multiples thereof.
Coupon bonds and registered bonds
without coupons will be interchangeable.
Bonds will be redeemable
prior to maturity at the option of the company, as a whole on any
date, or in part in amounts of not less than $5,000,000 (except for
sinking fund)
on
any
interest payment date upon not less than
45 days' published notice,
and for the sinking fund on any interest
payment date commencing on Oct, 1, 1947, at the principal amount
thereof and unpaid interest thereon to the date fixed for redemption,
together with premiums equal to the respective percentages of the
principal amount, the initial redemption prices being 107% and 104%,
respectively.
1,
Oct.
office
'
1_
EVH' Rollins & Sons'
Schoeilkopf& *
t
Co..
approval.
The bonds were quickly oversubscribed
and the subscription books closed.
The winning bid was
103.3599.
A competing bid of 103.209 was received from
at
100,000
lOOOOO
400 000
has
Borax
Note—The
Edwards. Inc"Clement
A.
Evans
&
sion
Dated
500!000
Co.,
8pring iof
Subs.)—Earnings for First Eight Months—
taxes
150,000
200 000
R.
The
150,000
Inc——200,000
RUUscher, Pierce &
'
Co-< In«- —
150,000
Reinholdt & Gardner_
200,000
Daniel F. Rice & Co...
100,000
&
•
Doolittle,
Offered—A large group of
.
750000
'
Dickson
Co,
Kuhn, Loeb & Co.
loo'ooo
the
;
company
e Potash
4,250,000
John M. Douglas
com¬
mortgage bonds, series B, and immediately reoffered the
bonds at 104%, subject to Interstate Comnferce Commis¬
able
S.
,100,000
150,000
E* Pollock & Co.,
L Inc- 1 ————
150,000
?rescott, Wright, SniA der Co- —.——A—
100,000
S; W- P^essprich & qo. 4,250,000
Putnam & Co
—1,250,000
The Ranson - D^vidsdn
200 000
&
Inc.
Stuart & Co., Inc.
26 of $81,602,000 3% refunding
Sept.
LSd'
Co
R.
investment bankers headed by Halsey,
won
Co.
100,000
500 000
R. L, Day & Co
Demnsey & Co
poration—advances repayable, $191,800; provision for Federal income
and
excess
profits taxes, $117,937; Federal excise tax on refined
sugar, $41,003; dividends payable, $36,815; other accruals and payables,
$39,803; deferred income (land rentals billed in advance), $44,668;
common
stock ($25 par value), $3,067,950; discount on stock arising
from exchange of 16,000 shares of preferred stock for common stock,
Ur$29,870; earned surplus, $496,364; total, $4,047,125.—V. 162, p. 1212.
Union Pacific RR.—Bonds
'
Co.,
Davenport & Co
Davis, Skages & C0._„
Commodity Credit Cor¬
payable, $40,656;
&
Cooley&Co
total, $4,047,125.
accounts
Liabilities—Trade
investment in securities of other
$3,863;
Callings
Courts
■
Phillips, Schmertz &
1,250000
Inc.
accounts
and notes
>.
100,000
ll*
Peters, Writer &
Christensen, Inc.
100 000
—
Coffin
Inc.
in
will be purchased
Lto.r^5jiw",4.
•'.'.'i•;*•'
Patterson, Copeland- &
Clayton Securities Corp.
& Burr, Inc
,
„
Lynch
250,000
Mosle & Moreland—« 200,000
Mullaney, Ross & Co.
500,000
Nashville Securities Co. Y 250,000
The National Co. of: 7; ■/'*., %>,
Omaha
.'
200,000
Newburger & Hano
.
150,000
E. M. Newton & Co.— ! 750,000
Co.—J
&
will
Y common stock, all owned
Y Borax
Consolidated,
750,000
Nation^'Corp.
Securities Uorp
Fifth
200,000
Pacific Northwest Co._
Park-Shuughnessy &
Co-
Cassell
Central
•
Co.
Norris & Hirshberg,
Inc.
/
Alfred O'Gara & Co.„
oti$ & Co.—;
T.
200,000
John B, Carroll & Co..
w
200,000
.
—
Monell &
said, "In the expanding
been rapidly outgrowing
Avenue, New York City, but>
the termination of the war."
101
1213.
p.
The
2,000,000
—
Co.__
*
Subsidiary)
Owned
••
4,250,000
250,000
Phillips
Richard
(Incl.
100,000
Frank B. Cahn & Co
prior years, $4,156; total, $92,166, less reduction of prior years' taxes
by carry-back of current year's unused excess profits credit, $30,000;
balance as above, $62,166.
Consolidated
Minsch,
at
quarters awaited
occupy the
premises
new
company
162,
Mr. Freeman
Life, we have
States
United States Potash Co.=—Registers Common
Moore, .Leonard &
100,000
4,250,000
Chanute,
Loughridge & Co.—
Burr & Co,, Inc
;
110,446
$2.44
com.
7 >
100,000
100,000
Inc.__
the selection of
V.
acquisition,
United
headquarters
150,000
'u;. .-Miller 7- •
Co.
3Th« Milwaukee Co.
this
the
present
The
•
150,000
Beane—
&
&
Bosworth,
$298,644
declared--—
&
:IL7
Y
Boettcher and Co
362
Mather
Y
100,000
of
program
our
100,000
__
Co._
Co...
" - Metropolitan St. Louis
100,000"""
Co: 7-———_7—
100,000
Co.,
&
Fenner
•
Co
&
&
100,000
—
Inc.
.
YY' Announcing
■v
"
100,000
Bingham, Sheldon & Co.
Bioren
profit
per
-
Biddle, Whelen & Co..
123,665
Co._j
Moran
750,000
Baum, Bernheimer Co/
Bear, Stearns & Co.._
19,821
&
Mason,
Morris
100,000
company
has purchased the 17-story building at 84 William
St., New York City, for its Home Office, Mansfield Freeman, President*
on
Sept. 19.
'
s
?
announced
150,000
Wm, J, Mericka &Co.,
t;
"
' ,:7
Inc. 7
1,000,000
Merrill Lynch, Pierce,
& Co.,
Leafy
Marx
150,000
Jack M. Bass & Co.
34,592
tax
Dividends
Earns,
17,608
11,325
Fed.
for
Prov.
10,940
9,793
116,978
surtax
and
10,434
3,143
Company..
——_
Barrow,
'
22,146
2,491
—
United States Life Insurance Co.—To Move—
Y
*
C.
Mason-Hagan,
Aub & Co.——.a:-V
Inc.
normal
Fed.
for
Prov.
'
the
.
Martin, Burns & Corbett, Inc. ——■
200,000
—..
.inc.'
$629,125
p~
and
,
Langley & Co._ $2,000,000
Wheeler & Co.
100,000
Loewi & Co
7 150,000
200,000
100,000
TThe Bankers Bond Co.y '
39,683
$257,439
underwriters
"
-
,
Leedy,
Co.,
Auchincloss, Parker &
Redpath
Baker, Weeks & Harden
Ballou, Adams & Co., '
.156,949
dis¬
or
and
A. E.
$589,442
49,160
deductions
Misc.
210,962
j
44,264
posal of fixed assetsInterest
Y\ $213,175
Atwill
/; $746,391
$448,611
173,688- i
.
t
$322,138
income
Total
Loss
59,615
$659,572
13,730
Other income
"l
./
v
$387,062
-
.
$642,141
.87,993
v;:; 16,257
100,031
,
&
—
roeder, Inc
1942
.
$499,926
45,819
$490,245
,
1943
,
.
$219,416
other
Admin,
y'jj*
bper.__
sugar
on
1944
■
oper.—
Profit
Profit
1945
several
W.
Y 150,000
Geo. G. Applegate
Arnhold and S. Bleich-
Y
31-
Co.
Co
Emerich
Inc.
7
(Including Wholly Owned Subsidiary, Union Commercial Co.)
Years End. May
the
$8,227,000
Ames,
contemplated at present.
Consolidated Income Account
&
Allison-Williams
reserved
be
Stuart
Inc.
each
exchange for
of
names
be purchased by each follow:
The
shares
present share held.
The remaining 80,000 shares
for future capital financing, none of which la
' Underwriters—The
amounts to
Sept. 19 voted to change the authorized common
of $25 par value into 400t000 shares of
on
160,000
26
that he has
^
THE COMMERCIAL & FINANCIAL CHRONICLE
(1558
to
\?
x
"less
■
with 6% interest
paid during the reorganization, together
the 24 %
principal from July 1, 1931, to the date of consumma¬
tion; the three bank bondholders, Chase National Bank, Corn Exchange
and
Bank of Manhattan, together with Lowry A Co., Inc.,; fdrmer
the
'on
i.
*
unpaid
of the property, full unpaid principal of their bonds but no
thereon;
miscellaneous creditors,
including bank creditors,
manager
interest
make the $800,000 4 /o
five-year period,
which either the trustee or
banks or Lowry or the former
will
bondholders
bank
three
The
$171,574,
-loan to the new company repayable over
^
The offer also provides that all claims
a
have against
the
are to be released,
offer has been accepted by the bank bondholders, by Lowry
and
by the bank creditors. . The Warner Corporation has been in
process of reorganization since 1940, during which disputes arose over
the
position of
various claimants.
The proposed offer of West
Indies is designed to'settle these-issues and others and to terminate
the
,
bondholders
management
£7 This
,
,/
the reorganization.
I
The
trustee and
i;
\
.
counsel
his
offer
the
studying
are
if
and
it
is
acceptable the trustee will incorporate the offer into an
amended plan of reorganization
to be presented to Judge Samuel
Mandelbaum of the U. 8. District Court who has been supervising
considered
;
the
h
proceeding.—-V. 162, p. 176.
Expand Service— '
Western Air Lines, Inc.—To
The company in'its 29 main manufacturing
different types of products and hundreds of
these products.
'
of
The
variety
of
facture
plants made some 8,000
thousands of variations
'
-
production is Illustrated by the fact that
Westinghouse made for America's ships pro¬
total horsepower 12 times greater than that
Dam, while at the same time making enough
derived
from
helmet
liners
wartime
Boulder
equip every
of
more
Sept. 20 announced that it has been authorized
by the Civil Aeronautics Administration to begin air service to the
Imperial Valley cities of San
Bernardino, Palm Springs, and El
The
'/V"
company
Calif.
Centro,
'•
on
operation will consist of two flights daily, starting sometime in
according to L. H. Dwerlkotte, Executive Vice-President.
The exact inaugural date will depend upon availability of equipment.
>
Service by Western Air to the famed resort-center at Palm Springs
The
November,'
communities was originally approved
1943, but was postponed at the order of the
Board because the Army needed all planes not absolutely essential to
land
the
to
rich agricultural
two
which
used
were
-
$3.75
At
Mansfield,
ices
maintain wartime transportation.
tion
included
used
on
The
t
route which
looped-shaped
three communities runs
northward via San
the
serves
southeast from Los Angeles to El Centro, returning
service
Direct
been
and San Diego has
the airline pointed
Angeles, Long Beach,
Los
betwen
throughout
maintained
the
officials of
war,
out.
'
while
The
A revolutionary new air-freight service was announced on Sept. 22
by this corporation as a result of its war-time experience in successfully carrying more than 22,000,000 pounds of cargo for the Army
(during the past 3% years.
•,f The new air-freight service will start after Nov. 1. At the outset
shipments will move between San Francisco and major out-of-State
cities such as Phoenix, Tucson, El Paso, Dallas, St. Louis, Chicago,
Washington,. New York and Boston.
Later, as equipment becomes
'available, the service will be extended to all cities served by Western
Air and by other airlines which make arrangements to carry air-cargo.
The air-freight service will enable Western Air to handle all types of
commodities, with four different freight-rates in effect.
The rate?
will range from a top of 45 cents a ton-mile to as low as 32 cents a
ton-mile.
In
terms of a specific shipment from the West Coast to
New York, the cost to a shipper would run as low as 37 cents per
pound. * A similar shipment to Boston would cost about 38 cents per
division at Lima,
small motors,
3,917,642
military aircraft.
Cleveland, O., Lighting
ferred
transformers
at
than
more
—V.
Coffin
service
for
in
war
Hipersil cores
2,000,000
pound.
v
••
The
.
corporation
has
order
on
worth
$6,000,000
of
four-motored
•ircraft.
■i*
»
The
facilities
Western Electric Co.
cago Plant—
*
This
facilities
in
^
^
'
plant
of
which
Inc.—Negotiating Lease of Chi¬
.
corporation
Studebaker
:;
have been
pooled with those of
American Air Lines in order to initiate the new air-freight service,
Ray Grant, cargo manager for Western Air, said.-—V. 162, p. 1442.
i
*
Lines
Air
Western
of
its
is
in
negotiating
lease
a
for
the
Government-owned
Chicago;
Illinois, to augment the manufacturing
Acquisition of the new location,
operations are expected to start this year,
Hawthorne
manufacturing
works.
•will assist Western in speeding the production of telephone equipment
Urgently required by the Bell System.
|
*- • The plant is located less than four miles from the Hawthorne works
'vTV'ir end will be used to manufacture equipment required for continuing
Army
f
and
Navy
instrument
premises.
-
release
office
parts
contracts
and
and
other
Transfer of this
at Hawthorne for
space
apparatus
and
for
the
apparatus
production
manufacture
of
telephone
used on telephone subscriber
to the Studebaker location will
expanding manufacture of dial central
equipment,
cable and
wire
for
the
Bell
System.
The Studebaker plant is located in the southwest section of Chicago
^ t
and
consists
of
one-story factory and office buildings, power plant,
oil
and
acid
storage buildings.
It contains approximately 800,000
square feet of floor space.—V. 162, p. 1442.
Western Maryland Ry.—Plans Refunding-^
The
road is
Inviting bids to be received October 4 for $9,500,000' col¬
trust bonds
maturing $500,000 each Nov. 1 from 1947 to 1959
$3,000,000 in I960.
The bonds will carry coupons ranging from
1.75%
to 3.25%
and are designated to provide funds for
retirement
©f the outstanding first and refunding 5V2b of 1977/
lateral
and
?
Earnings for August and Year to Date
1945—Month—1944
Operating
•Total
Net
revenues
oper.
$2,573,128
expenses—
©per.
1
$615,621
$1,006,979
521,000
$8,081,101
4,228,000
$9,308,540
200,000
$485,979
$3,853,101
$4,406,540
49,887
601,504
354,475
Drl4,051
Drl34,313
Drl20,806
Taxes
were
were
Paipe,
Operating income
Equipment rents
Joint facil. rents (net)
\.i
*
Net ry. oper.
Other income
$415,621
81,306
Dr33,636
„
4,902,000
\
u
our
—
income-
$521,815
30,331
Grose income
Fixed
charges
Net income
'
$4,320,292
220,805
270,097
-
$552,125
271,576
$4,561,902
2,168,004
$4,861,014
2,165,751
,$223,525
$280,549
$2,393,898
$2,695,263
"
$85,243
;
$85,295
$681,944
162. p. 1213. |j
$682,359
Western Pacific
August—
Gross
1.
from
ry.
From
Gross
Net
railway.—
$5,015,371
1,783,656
income—
363,350
oper.
January 1—
railway-
from
$4,291,968
1,392,936
i-
40,249,386
railway.—
15,826,968
Net ry. oper; Income..
—V. 162, p. 1213.
? 4,440,060
1942
$3,600,757
2,917,210
1,598,357
1,804,822
1,259,507
31,337,308
14,902,670
7,982,032
22,059,085
■
8,399,809
5,823,054
holders
$100.5104
at
stock
-d
u-
''AltotmV
hi
subject
fnr
to
termm.t°ionrTn?nie5ner°»"."""*4S
a
company's history." ?
'
sss2d"<2°;9is*lbr^er;b,!'
billed in
19^0,tbehighest
Report
pre-war-year-in the
on
Wartime Operation
lWho^e £.*a?%romdueUonePOrted
.
Brush, Slocumb & Co
Davis. Skaggs & Co._
2,940
William'Blair & Co.
1,020
1,000
2,520
E. W.
1,000
2,520
M.
Marks
sales
of
&
Co.
°n ^ VOlUme *nd
v Throughout
the war period from
July
the company produced equipment with a
■:
1,
1940,
dollar
to
value of
~;"'
WestAug
14
1945
$^900 000,000.
1.02O
•
Clark & Co.„
Income
"
'
~
Statement
Years Ended
:—
Jurie
30, '45 Dec. 30, '44 Jan. 1, *44 Jan. 2, '43
$9,766,546 $18,423,120 $18,177,377 $15,017,965
7,331,394
14,611,498
13,496,836
10,228,456
„
facil—
emergency
A
511.857
964,873
970.861
973,294
437,644
382.229
354,307
308.361
328.717
312.28&
456,761
749,386
674,229
606,031
$1,051,139
devel.
other
260.198
155.197
Research
Taxes,
$1,351,358
$1,874,505
$2,543,589
———
111,282
210,449
70,068
$1,462,640
$2,084,954
$2,613,657
exp.
than
Fed.
income
Sell.,
adm.
Gross
Other
&
gen.
exp.
profit ' _1
income.—
oper.
operating
Additions
Total
profit.
income*
to
$1,051,139
55,939
86,8.59
236,017
12,908
$1,107,078
income
Deducts,
from
$1,549,499
$2,320,971
$2,626,565
income-
59,669
Excess profits tax (net)
Normal tax and surtax
398,000
*
Refund,
amt.
of
119,997
.
yr.
tax." Ac.,
justments (net)
165,746
4,574.
541,296
32.600
taxes
Prior
Net
Misc.
22,936
178,223
71.1,000
661,473
668,658
$1,142,582
104,325
190,000
ad¬
48,397
chemicals
has
to
receive
The
the
and
its
the
products
plant at Carteret,
a
income
$616,809
$1,025,235
$1,315,529
1,489
885
139,000
$615,320
$1,024,350
$1,176,529
deductions
Net
number of
shares
of
the
$3.75
N.
directly
company,
and
manufacture
The
its
is
subsidiaries,
pre¬
of
engaged
unused
corporation
has
called
,t
Immediate payment
dividends
to
of
of
Nov. ,2.,
said
the
1945,
the
of
the
1941
sol
Co.
In
Charleston,
W.
On July
Issuance—The
Legal
these
New
in
of
on
August,
for
issuance
and
Savings—In
in
six!
to
Wheeling and Lake Erie Ry.
cently
by the
road
extend
was
ICC
miles
from
Toledo,
of
road
company's
business
allocation.
The
effect
of
the
war
to
under
problem.
s
six
plants
the
the
of
u*
It
plants was
remaining
plants
by the company on a fixed fee. basis
where leased to the company which sold
\
A
1886).
to
approved
The
main
lines
of
the
Terminal
Junction, O.,
near
Zanesville, O.
Company re¬
public convenience and necessity
to
the
p.,
Ry.
Lorain
25.25
The
also
all
owns
Creek
miles
which
of
of
facilities
of
the
Wheeling
arid
West
tracks,
owned
are
viz.,
Toledo
45.72
by
Belt
miles
Virginia
sidings, yards
company,"
the
Ry.
Co.
operated
Ry.,
a
and
under
wholly-owned
of
road extending from Lake Junction
separately operated under contract by
facilities at Huron, O., on Lake
is
the
second
miles
Co.,
&
company
owns
ore
and coal.
outstanding
RR., ; which
Northern
A
miles
431.64
companies,
Terminal
The
Lorain,
Control—In
,/
compliance with
securities
hold
•'
-
the
of
lands
Wandle
not
Co.
and
presently
re¬
.
order
of
the
ICC
dated
March
U
1929, .approximately 53%
of- the outstanding shares of stock of the
company, consisting of 168,000 shares of common, 14,800 shares of
pre¬
ferred and 115,193 shares of prior lien, then owned
by New York
Chicago
(J.
A St,
Louis
Crawford. Biggs,
July
.RR.
1929,
30,
and
RR.,
deposited with E. R, Fancher. trustee
trustee),
under
an
agreement dated
trustee, New York, Chicago A St. Louis
which provides that the trustee shall vote
was
successor
between
the
Allegheny Corp,
be voted, or consent in
or
cause
to
he
shall
not
respect of, said shares but that
respect of any such shares, for any
York, Chicago and St. Lbuis RR Balti¬
more A Ohio RR.
and/or New .York Cejntral RR. of " Wheeling and
Lake Erie Ry.," except, as perrriitted or authorized
by the ICC or ie-
•
operated
which
quired for railway purposes,
on
Plant—Company, until recently,- operated a total of
owned by the United States or its agencies lor the manu¬
oyciimi
special ciicuuutu products needed ia the wari effort. -viuc
chemical piuuuubs ueeueu. in wie wntveiiurv.
One
Belt
company.
Sugar
has
reconversion
of
subsidiary
Erie, for the handling of iron
,
serious
a
South
the
generally been" to change the relative *
importance of particular products rather than bring about production'
of a large number of new products.As a result,, the company is not
with
been
the
and Follansbee, W. Va., a distance
operates 471.06 miles of road and operates
trackage rights, a total of 507.20 miles of
operates 495.58
by
trackage rights.
subsidiary, owns
•
Government
it
tracks,
miles
Zanesville
of
by
of
O.,
Cleveland
granted a certificate of
to operate its trains over
addition
other
18.22
by
controlled
has
for
operated.
In
and
10,
1945), a substantial amount, of its products has
Government. Order during the war. period>; from
customers of the company engaged in the manufacture of peace-time
products to customer? engaged in the manufacture of war products.
The
remainder has been largely "sold for essential civilian uses and
thus the sale of the company's products to a considerable extent has
the
bonds
counsel
Steel Corp. between Steubenville,
O.,
of 1.97 miles.
It owns and
only a relatively small proportion of the company's sales
directly to the U. S. Government (approximately 5.9% in the
months
these
of
purchasers,
bonds will be legal investments for
savings banks in New York,
Jersey, Pennsylvania, Rhode Island and certain other states.
company
1944,
diverted
of
opinion
Company and Properties—Company was incorporated Dec. 14, 1916,
Ohio, and acquired the assets of Wheeling & Lake Erie RR. (succes¬
sor
the company, for an aggregate of $860,120, pur¬
Chemicals, Inc. its stockholdings in three cor¬
porations, together- with a note in the amount of $235,000 of one
of such corporations held by it.
made
sale
the
required, will be applied to the redemption of its
outstanding
$943,000 refunding mortgage serial 2Va% bonds, series "E," and
$5,250,000 refunding mortgage 3%%
bonds, series *'F."
(2)
United
from
Further de¬
Purpose—The proceeds to be received by the company from the sale
the bonds - ($5,885,940), together with other
company funds to the
(1)
acquired all of the remaining stock of The Magne¬
Nov. l, 1943 acquired the business and assets of, and
such company.
plus accrued)
presentation and
1442.
p.
extent
company
and
price,
upon
162,
by the Interstate Commerce Commission.
organic
Va.
received
tails follow:
common
at South
redemption
be
Stock.—V.
1, 1992 at 98.70 and interest to yield 2.80%.
portion of the total.
company's property
redemption
Wheeling & Lake Erie RR—Bonds Offered-^Mention
made in our issue of
Sept. 17 of the offering by Mel¬
lon Securities Corp. and associates of
$6,000,000 general
and refunding
mortgage 2%% bonds series A due Sept.
the company acquired all of the preferred stock and 57.6%
stock of The Magnesol Co., whose plant was located
1939
$1,142,582.
credits.
tax
was
36.14
the
profits
of
full
may
certificates
Wheeling, W. Va., and from
In
for
share, plus accrued dividends
During the past five years the company has made additions to its
plants amounting to
approximately
$3,500,000.
Included in
such
expenditures
were
additions
and
improvements
of
approximately
$2,400,000 to its plant located at South Charleston, W. Va.
New
equipment for the manufacture of heavy chemicals amounted to a
of
excess
outstanding^shares of $4.50 cumulative
surrender
and in¬
organic chemicals and certain mineral products, approximately 28%
of the gross amount of which in
1944 represented sales of chlorine
and caustic soda.
Most of its products are and have been sold in
highly competitive markets.
In the past 10 years the company has
expanded
its line of chemicals,
improved its plant processes
and
originated new processes.
line
of
on
Nov. 2. next, all of
preferred stock at $107 50
$1.13%, and all of its outstand¬
ing shares of $4.25 cumulative preferred stock at $105 per share
phis
accrued dividends of $1.4283.
Payment will be made at the office-of
Brown Brothers Harriman &
Co., redemption agent, 59 Wall Street.
New York, N. Y."
its
per
an
diversified
a
—
carry-back
$4.50 and $4.25 Preferred Stock Issues Called for Re-
are
through
of
to
•demption—
J.
or
sale
income
*Due
important producer of indus¬
sold to a wide group of basic
industries.
Incorporated in Delaware Dec. 1$, 1926, it is the out¬
growth of several companies.
Originally a holding company for the
stocks of companies acquired, it is now principally an operatirig com¬
pany,
having only two active
manufacturing subsidiaries, -Barium
Products, Ltd. and Monarch Chemical Co,
Company's manufacturing plants are located in South Charleston,
W. V., Carteret, N. J., and Newark, Chula Vista and Livermore, Calif.
At the last named location the company also operates magnesite mines.
Barium Products, Ltd., operates plants located at Modesto and San
Francisco,
Calif.,
and at Carteret, ' Nn J., and operates mines at
Battle Mountain,
Nev., and Almanor, Calif.
Monarch Chemical Co.
acquisition
'
ouired
,;
q
bv
vote
or
consent
of control
a
in
New
court of cnmnetMit
Djr a C,°"rt
luricriirtinn
competent, jurisdiction..,..-
.
..
_
.
,/Hie trustee, as .of July 31, 1945, held, for account of New York,
Chicago & St. Louis.RR.,~ Chesapeake & Ohio By.» ana Allegheny Corp.;
plants located on -the company's property at Carteret, N. J.,
Newark,. Calif., are still being- operated. An additional plant: located
ind
on land sold to the United Statesu.by the company,
Is not being operated at the present time.
The Government has rer
moved its equipment from., the largest plant locatodrsNtcSouth Charles¬
ton, W. Va. and the company has purchasedistbe^huilding. Company
has likewise purchased all the equipment in a building owned )>y the
company at that location.
In 1944, Barium Products, Ltd. purchased
manufacturing facilities which the Government had, installed" in- its
The
and
at
/
1,640
1,440
Boettcher and Co
of
,
aeencies
^encies,
J.72D
Co
3,500
Cost
Preferred Stock
the products to the Government at an agreed price.
brou?ht thc company's backlog of unfilled orders
.uPP^0X
y *329'000,000,'Mr. Robertson said,
&
3,350
3,350
Co.__l____
issue of Sept. 24 an underwrit¬
History and Business—Company is
trial
and
V
5£00 different contracts with government
Robertson, Chairman, reported on
Sept. 26.
m
Stix
Depree., deplet. A amort.
adjustment based on the relative values above will be pgid in lieu
of issuing fractional shares of the $3.75 preferred stock.
The exchange
offer expired at 3 p. m., EWT, on Sept. 12.
of
w'
1,720
Co._.______
Wisconsin
Gross sales, less returns
and
allowances.
Ac-
and
facture
W.
Whiting, Weeks & Stubbs.
&
V
stock obtained by valuing their present shares at $106,4283 per
the $3;75 preferred stock at $100.5104 per share.
A cash
share
xauburc
a
3,740
Jackson
...
*"
Government
A.
1,720
6 Mos. End.
$108.6375 per share arid the $3.75 preferred stock
share;
(2) Holders of $4.25 cumulative preferred
per
entitled
were
ferred
of
shares at
present
faced
Corp.—Backlog High Despite
1,880
Schwabacher & Co.—
Starkweather & Co.—
Consolidated
exchange offer of the company were received
shares of $4.50 cumulative preferred stock
and of 15,760 shares of $4.25 cumulative preferred stock.
As a re¬
sult, 40,982 shares of $3.75 cumulative preferred stock are issuable
pursuant to such acceptances.
'
The
company
offered to the
holders of the outstanding $4.50
cumulative preferred stock and $4.25 cumulative preferred stock the
conditional
right to exchange such stocks for shares of the $3.75
cumulative
preferred stock on the following basis:
(1) Holders ,pf
$4.50 cumulative preferred stock were entitled to receive the number
of
shares
of
the
$3.75
preferred stock obtained by valuing their
the
been
32,664,575
11,928,306
4,415,016
Kebbon, McCormick & Co.
4.960
the
of
Acceptances
from
been
$5,257,723
513,939
.
from
1943
2.130
1,960
.1,880
Weeks
Purpose—Proceeds, will be used to redeern the outstanding $4.50
cumulative preferred stock and $4.25 cumulative
preferred stock.
pro¬
,
first
1944
railway---.,
from
Net
1945
&
Laurence
expiration of an exchange offer by the
to holders of its outstanding $4.50 preferred
stock and $.4.25 preferred.
is
RR^—Earnings—
Hornblower
company
chased
v.?
Corp._
4,960
Milwaukee
shares following
dissolved,
—
Shares
.,••
Securities
Spencer Trask <fc Co
Ames, Emerich & Co., Inc.
Alex. BroTyri & Sons—
Although
Net
Webber,
■
_
Equitable
4,960
The
ing group headed by F. Eberstadt & Co. on Sept. 21
offered publicly 56,018 shares of $3.75 cumulative pre¬
ferred stock (no par) at $100 per share and accrued
dividends.
The offering is part of a total issue of 97,000
$4,640,209
241,610
30,310
$493,622
•Include account amort.
f
of defense
projects
■—V.
Inc
-
'
$463,291
97,000
353,132
-
.
The
built for radar transformers.
Westvaco Chlorine Products Corp.
on
V
Burr,
Curtis
Net
Offered—As stated in
200-.000
i
!
" '.
Shares
Co._______ 14,743
'
,
&
substantial
V
*,
$3,170,587 $24,261,521 $24,955,287
2,163,608
16,180,420
15,646,747
1,957,507
revenue—
1945—8 Mos.—1944
At
1442.
162, p.
follows:
as
i
& Co.______„
E. H. Rollins & Sons, Inc.G. H. Walker & Co.—
service
industries
par)
Shares
560,000
Riter
for the armed serv¬
manufactured.
O., wartime produc¬
most of which were
8,450
(no
*
Outstdg".
"
Registrar—The transfer agent for the $3.75 pre¬
Brown Brothers Harriman &
Co., New York,- and the
Eastman, Dillon & Co.___^ 13,030
Lee Higginson Corp..
12,220
-
/
"
Eberstadt
period in the history of the plant and, in addition,
any
preferred stock
(no
is
are
,
543,00^0 were assigned for use with military radio installations.
standard
stock
written
F.
,4
division,
Authorized'
registrar is Central Hanover Bank and- Trust
Co., New York.
Underwriters—The names "of the several underwriters and
the re¬
spective maximum number of shares of $3.75
preferred stock under¬
floodlights,
6,200 12-inch signaling searchlights and 1,600 other searchlights were
produced for the Navy and the Maritime Commission.
Of
the
1,250,000
transformers
turned out
at
the Sharon,
Pa.,
duced than
C'V
of
the
At
More
Freight Service—
Small Motor
total
a
stock
airplanes.
11,987,314 of these were made
Springfield, Mass., 14,687,159 were
;
..J-...,
;
Transfer Agent and
.
O.,
company's
works,
To Start Air
at
cumulative
Common
man
Westinghouse was one of the nation's main producers of Bug Bombs,
the dispensing containers for DDT and pyrethrum that killed insects
and made life in
the Pacific more livable for American doughboys.
by the CAB on May 10,
Diego and Long Beach.
in
'
Shares
than
,
Giving Effect to Present Financing
"?v--\r'-v
>.
and women in the nation's armed
13,000,000," Mr. Robertson said. ; : ?
Other production records in the Chairman's report included:
To control electric
and aboard war and
power in war Industries
merchant ships, the East Pittsburgh Switchgear division and the com¬
pany's manufacturing and repair plants produced a total of 152,325
switchboard units.
\
'•
In
the
same
time
the
Baltimore Industrial Electronics division
of the company produced 104,502 radio and radar, sets for military use,
the majority of them large Installations of the shipboard,-or mobile
unit type.
\
At the
Newark, N. J., Meter division of the company, a total of
3,239,475 instruments for use on ships, airplanes andt many
other
types of military apparatus was produced.
/ \
The South Philadelphia Steam division
of the company produced
propulsion equipment totaling more than 18,000,000 horsepower to
operate Navy and Merchant, Marine ships,
t ■'
The Lamp division,
with headquarters at Bloomfield, N. J.,', pro¬
duced during wartime 3,080,132 electronic tubes and 1,023,384,000 lamps
of various types andjUzes.
The company's Trafford, Pa., Micarta division, in addition to pro¬
ducing the helmet liners, made 31,735,271. plastic pulleys, most of
to
total
1944
,
Capitalization
during these five years
pulsion equipment with
forces—a
of i two special war
products, resulted in the dismissal in
approximately 400 employees. J,
N
* '
,,
* ^
of
.
„
V
Monday, October 1, 1945
—
,r-
'v
•
^ne«3*
^
rWheeling St Lake Erle Hy.
Newark, Calif.,
plant-at Modesto,
Calif.
,
T-
of
the
-v
•
?■
•,..;>.iRr.iLien-,s-.c Pfd.
."Com.
Total
..Pet
N..^.-,G^nd-St.iL.vRR.—14,^00 ? 168,000
182 800*' 32t«8
-——^115^69
1,658 %78,145 ^-195'172
35!ll
Allegheny.--i._-i_-i^_^___
- 54-/
: '
'
54
•
-
C. And O.- Ry.——
-\V/;
•'
,
Total
The
f
Government-owned plant- at Newark^ Calif.;: and:
cessation of operations in the plant dismantled by the Government at
South Charleston, W. Va., following the discontinuance of the manuShutdown
-
vi
-v
-
115,423
Board
of
directors
of
■'
•-
•
:
-*
16,458
Chesapeake
:
246,145
>
.378,026
6Y09
& Ohio Ry.. - at a meetine
the officers of that company to
unification, through merger or consolidation
of Chesapeake A Ohio Railway Co., New York, Chicago & St. Louis RR.'
held
on Aug. 21, 1945,
prepare a plan for the
authorized
W:>,
Volume 162.
Pere
Lake Erie Ry. Co.
Marquette Ry. and Wheeling 8s
has
been
formally
considered
plan
the
by
board
of
.
To date no.
directors
of
Plant
Capitalization Outstanding Giving Effect to Present Financing
*?•»,
consolidated
&
Prior
lien
4%
bonds, series A
-
cuta. .stock
(callable and
j
—
the
of
payment
to
public
Series A
America.
and
debts
private
be
bonds'will
issued
as
in
the
coupon
United States of
bonds (registerable
of the denomination of $1,000 each, or as registered
bonds
(which may be issued in lieu of or in exchange for coupon
bonds), in denominations of $1,000, $5,000, $10,000, and any multiple
of $1,000 in excess of $10,000.
.
as
principal)
,
Series
bonds
A
at. any
tiirle
outstanding
may
be
redeeihed either
and re¬
as a
whole or in part at prices starting with 102% in 1943
duced to par in 1992 ia) at any time, and (b> on any interest
payment
date through the sinking fund, at 100.
^Purchasers—The
such
as
follows:
The
Co.,
&
First
Kidder,
—V.
-
Securities
Mellon
Blyth
names
which
bonds
of
•
.
Boston
! 7
$1,500,000
,Corp~_^
1,500,000
—
„
1,500,000
:
___
The
Co.,
.
1,500,000
1442.
r
Spencer; stockholders also
$4,943,543
to
$4,833,675
public's
latent
purchasing
power
in
the
form
for each of
Spencer.
f
125%.
accordingly, and authorize
Because
each
483,370 outstanding $10
interlocking,
of
served
plan
1213.
directorates,
its
what
at
:
;.
1
the more significant
of individuals'
of
close
of
other
in other U. S. Government
moderately above the 1943
developments in the composition
the increase in consumer indebt¬
saving in 1944 was
than mortgages, amounting
to
$300
paid off.
.
"As in prior years, the growth in insurance and pension re¬
serves formed an important part of total saving.
The increase in
individuals' equity in private insurance in 1944, amounting to $3.3
been
.
.
,
Ry,—Earnings—,
Net ry.
of
approved
research
new
*
'
was
$200 million higher
Government insurance, amounting to
hieher than in the previous-year.
*.
Re¬
sub¬
ani dyes.'*
"■ >■
\
'."C
3,886,050
,112,516
1,869,134
,237,710
income
1031.
Corp*—Weekly Output—* *
corporation for the* week ended Sept. 22,1943,
SHertric output of this
totaled
10,640,000 kwh., as compared with 10,981,000 kwh. for tho
corresponding week last year, a decrease of 3.1%.—V. 162, p. 1442. -
v
-
175.463
,065,575
V
—
than
'more
103,354
;•
railway
Net from xailway——.
oper.
530,767
*'"■■/*
from
—V. 162, p.
1944
$1 ,974.148
$l,90l;882
K 570,384
14,232,213
income
oper.
Gross
Wisconsin Public Service
laboratories/ costing
'
agents.
Sterling
other
$
:
railway——.
From Jan. 1—
162,
;
...
from
to
"The
pattern
of
individuals'
das Co.^Initial Distribution^-*
York County
will
The
saving in
the
on
15.—V.
Oct.
have
directors
share
162.
the fourth
declared
common
new
p.
611.
quarter
initial
an
of
dividend
50
.
of
..
per
was
first elected to the Board
He
of Governors in 1929.
of the
i
•,
..
since 1925.
ber of the Association
and
cents
paywble Nov. 1 to holders of record
stock,
-
was one
organizers arid first Presi*
dent of
the
Chicago Mortgage
deposits and made net purchases of $4.5 billion of U. S. Bankers Association arid served
three terms. He is a graduate of
Government bonds, in large part a result of the Sixth War Loan
the University of Notre Dame and
Drive.
This may be compared with the third quarter when indi¬
viduals increased their cash and deposits by $6.2 billion and their the Harvard Law School, and is
holdings of U. S. Government bonds by $2.2 billion.
Individuals' Chairman of the board- of lay*
indebtedness arising from the purchase of consumer goods rose by trustees of Notre Dame,
y
;;
f
Seven regional Vice-Presidents
$400 million in the fourth quarter, the largest such increase since
the beginning of the war."
were also
elected. They include:
Eastern region, Charles H, Hayes',
*In this analysis individuals' saving includes unincorporated business saving of
mortgage and real estateofficer,
types specified in the attached table.
Corporate and Government saving are not
The Brooklyn S a vi n g sr .Bank,
included.
The change in individuals' equity in Government insurance is, however,
Brooklyn; southeastern region, J.
considered as part of individuals' saving.
C. McGee, President, Beid-McGee
i'tThis does not include the change in consumer's indebtedness to unincorporated
& Co., Jackson, Miss.; northeast
business, which is estimated to have increased by close to $100 million in 1944 con¬
trasted with a $200 million decline in 1943.
central
region, Frank J. * Mills,
tA considerable part of the increase in such income from the preceding quarter
Cashier, * Fort "Wayne Ijlational
was
attributable
to
the
postponement of fourth quarter income tax payments to
Bank, Fort- Wayne, Ind/,. north¬
January, 1945.
^
west
central * region,
Harry A.
The above discussion is based on data presented in the following
Fischer, Vice-President, ,,Tke Mu¬
cash
and
f
•
i
.
'
table:
SAVING
BY
INDIVIDUALS
1941-1944
IN
THE
UNITED
'V
(Billions of dollars)
south central region," R.
STATES*
-
,
,
mann,
•
1944
1943
1941
1942
1943
1944
24.3
38.7
45.4
48.0
11.9
11.0
10.7
12.4
13.9
10.4
29.5
37.8
40.0
9.8
9.2
8.7
10.4
11.8
+11.4
+15.3+17.0
+5.9
+2.1
+3.3
+6.2
+5.4
Oct.-. Jan.- Apr.Dec.
Gross
saving
tLiquid
saving
Gross saving by type:
1.
Currency and bank deposits
4.9
2.
Savings & loan associations
.4
3.
July- Oct.-
March June Sept.
•
Dec.
Insurance & pension reserves
Private;
a.
insurance
b.
Govarnmeht
c.
+
Totalis
insurance.
+
+
2.8
+
,i9
+
.2
+
.2
+
.2
+
.2
+
.3
+
3.3
+
.8
+
.9
+
.8
+. .7
+
.9
2.4
3.8
+
4.4
+1.0
+1.0
+1.1
+1.2
+1.1
+
4.9
6.9
+
7.7
+1.8
+1.9
+1.9
+1.9
+2.0
+
8.0
+11.1
+11.8
+2.2
+3.9
+2.6
+2.3
+3.0
+
1.9
2.7
3.7
.2
+ 1.1
+1.2
.1
+1.5
.1
.2
.1
0
.1
0
0
0
1.8
3.8
.6
3.1
+
2.5
2.1
+
.3
+
14. Securities:
U. S.
a.
savings bonds
b.
Other U. S. Government
.8
c.
State and local govs.__
.2
d.
Corporate
e.
5.
Total
Non-farm
§a.
b.
.3
.2
2.9
+10.1
+13.8
3.0
+
and other-_
+
+
+
—
—
.6
+14.7
+
.1
+2.1
—
.1
.4
+4.7
+3.4
—
—
.1
0
+2.1
+4.5
—
dwellings:
Purchases
(a.
1.6
+
.8
.9
+/".1
2.1
;
1.5
+
1.3
+
.8
+
7.2
Change in debt
Saving
c.
.5
—
minus
b.)_. +
+
—
1.0
.3
+
.3
+
.3
0
0
+
—
+
.2
+
.2
+
.2
+
.2
.10
.3
+
.2
+
0
+
16. Automobiles & other durable
consumers'
+10.8
goods
•*7. Liquidation of debt, not
elsewhere classified
+
7.6
+
6.6
.6
+
2.9
+
1.0
—
.3
+1.8
—
.2
+1.6
+1.8
.3
.2
+
•Includes
unincorporated business saving of the types specified.
corporate or government saving.
tGross
durable
+1.8
+2.0
.4
Does not include,
saving excluding purchases of homes as well as of automobiles and other
consumers' goods.
JDoes
not
include
net
,
purchases by
Bank of Chicago;
C. OberVice-Presidept,' Mercantile-*
Commerce Bank & Trust Co., St.
Louis; Pacific region, Dean Vin-i
cent, President, Dean
Vincent;
Inc., Portland, Oregon; end Rocky
Mountain
region, C. W. Mead,
President, Nebraska Bond and
Mortgage Corp., Omaha.
National
tual
■■rife.
GROSS
brokers and dealers or by other individuals
,
Members of the Board of Gov¬
ernors
-elected for-.terms expiring
were: John C. Thompson,
in 1949
President, New Jersey Realty Co.;
Newark, N. J.; W. L. King, Presi¬
dent, Boss & Phelps Mortgage Co.;
Wash., D. C., J. M. Miller, Presi¬
dent, Miller Mortgage Co., Inc.,
New Orleans; Frank Wilkinson,
President, Shryock Realty Co.;
Kansas City, Mo.; Paul J. Vollmar,
Vice-President, The Western &
Southern Life Insurance Co;, Cin¬
cinnati; Norman H. Nelson, VicePresident, Minnesota Mutual Life
Insurance Co., St. Paul; Aubrey
M. Costa, Vice-President Southern
Trust & Mortgage Co., Dallas. ?
financed by bank loans.
§New
of
construction
to
one-
four-family nonfarm homes less
net
acquisition of
properties by non-individuals.
HPurchases.
above
include
all
Based
new
on
revised Department of Commerce data.
passenger
attributable
cars- sold
The figures shown
in the United States.
of automobiles and other durable consumers'
goods, although including some debt arising from purchases of 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
homes.
'
":V
••Largely
Note—Figures are rounded
and will not
necessarily add to totals,
"The
foregoing data have been compiled by the Commission from
many different sources.
Because of the nature of the figures, current
data are necessarily estimates and, therefore, are subject to revision."
The data covering individuals' liquid savings from April to June,
1944, appeared in our issues of Oct. 16, 1944, page 1674.
i
Merchandise in Letters
To Italy
Prohibited
Postmaster
to purchases
than in 1943, while the increase in
$4.4 billion, was $600 million
for the first time in the organiza¬
The increase in Government Kanaley Elected President
tion's
history. (This was made
insurance in 1944 reflected a marked rise in the National Service Mortgage Bankers Assn.
necessary
by
ODT
restrictions
Life Insurance Fund, amounting to $1.0 billion, as well as a record
Byron V. Kanaley, President of which prevented an annual con¬
S2 7 billion increase in Social Security funds, and $600 million in¬
Cooper, Kanaley & Co., Chicago vention and .business meeting be¬
crease in various Civil Service and Railway retirement funds.
mortgage banking house, has been ing held. About 75% of the more
"Of the remaining components of individuals' saving; ihr 1944, elected President of the Mortgage than one thousand members of the
only the extremely large increase in investment in savings and loan Bankers Association of America Association voted.. Voting-closed
associations, amounting to $900 million, and the fairly considerable for the 1945-46 term to succeed at Chicago on Sept. 8 and results
decline in securities other than U. S. Government, amounting to L. E. Mahan of St. Louis, it was were tabulated under the super¬
vision of George H. Patterson;
£700 million, were particularly important. * The decrease in indi¬ announced on Sept. 10. Guy T. O.
viduals' holdings of securities other than U. S. Government was due Hollyday, President of the Title Association secretary. Mr. Kan¬
to a variety of factors including' declines in outstanding corporate, Guarantee & Trust Co., Baltimore, aley, Mr. Hollyday and. other of¬
ficers assumed office immediately.
foreign quasi-Government, and municipal issues and an increase in was elected Vice-President.
Election
was
Mr. Kanaley has been a mem¬
by mail ballot
loans for the purpose of purchasing or carrying such securities.
billion
of
perfumes, pigments
1442.
162. p.
1944 was not much different from
saving in previous quarters.
Total liquid
saying in this final quarter, amounting to $11.8 billion,
was at a new
high, reflecting the higher level of income after taxes 4
In the fourth quarter of 1944 individuals added $5.4 billion to their
liquid
million.f This
may be compared with the reduction in consumer indebtedness of
$10 billion, in 1943 and $2.9 billion in 1942.
This change from re¬
payment of old debt to incurrence of new debt reflects the fact that
the bulk of installment debt previously incurred for the purchase
of automobiles and other durable consumers' goods has already
edness
and
stockholders.—V.
announced on Sept. 24 by Dr. Theodore G. Klumpp,
he disclosed. purchase by this company of a 60-acre site
structure
•
of
behalf
in
as
Cress from,,^
Winthrop's present plant and laboratory facilities,
replace the existing research laboratories, Dr.
Klumpp said.
In addition, Sterling Drug, Inc., oi which Winthrop is a
subsidiary, will utilize the new laboratories to supplement the research
of its other units, including Frederick Stearns & Co.
division, pharma¬
Hew
smaller than
"One
undertaken
1945
of Wickwire
directors"
considered
the
to
Rensselaer, N; Y-., for that purpose,
Situated
the
into the war, said the
level.
be
Wisconsin Central
was
as
in time and
roughly $'•!
On the other
increase in currency and the $5.2 billion
in 1944, though large, were actually some¬
ings bonds, and a $3.7 billion increase
securities.
Both of these figures were
V —V.
common
also
divisions in such fields
issue of $20
new
"disinterested
which
submission
:
Construction
$2;000,000,
deposits
the comparable figures for 1943.
The increase
in U. S. Governments reflected a $11,8 billion increase in U. S. sav¬
rise in demand
and
will
work
Net ry.
As of Dec; 31,
billion
products, barbiturates, amino acids and diagnostic
sidiaries and
Winthrop Chemical €o.- -To Build New Research Laboratories—•
deposits during 1944 reflected a very large increase
savings deposits amounting to an all-time high of
biliion as contrasted to a rise of $4.4 billion in 1943.
$4.7
the
Net
committees
as
before
;
preceding year.
Cash on hand and in banks was again the largest
component of individuals' saving, with U. S. Government securities
a
close second.
The substantial growth in individuals' cash and
the
a
par shares
.
hand,
*
.
company
the-merger
p.
the
,
such accumulated saving has shown
1944, individuals' holdings of
cash and deposits and U. S. Government securities amounted; to the
extremely large totals of $95 billion and $53 billion, respectively.
Of the total of cash and deposits $22 billion was in currency, $39
billion in time deposits, and $34 billion in demand deposits.
Individrials' holdings of U. S. Government securities were mainly concen¬
trated in U. S. savings bonds, amounting to $29 billion in Series A-E
bonds and $8 billion in F and G bonds, with other U. S. Govern¬
ment securities accounting for $16 billion.
"During 1944 individuals added $17.0. billion to their , currency
and bank deposits, $15.5 billion to their holdings of U. S, Govern¬
ment bonds, $4.4 billion to their equity in Government insurance,
$3.3 billion to their equity in private insurance, mostly life insur¬
ance, and $900 million to their investment in savings and loan asso¬
ciations.
At the same time individuals increased their consumer
indebtedness by $300 million and reduced their holdings of secur¬
ities other than U. S. Government by $700 million.
"The composition of saving in 1944 was similar to that in the
of
inary
which,
preferred
stock
period since that time,
increase
an
in
on
Its 663,620 no par
capital
saving in cash and deposits and U. S. Government securities
already at the highest point in history.
In the comparatively
short
capital
held
completed
Dr.
the
5 % preferred stock convertible into common stock on a share-forshare basis.
It was proposed to issue 1.1 share of the new
Commission, which added that since the beginning of the war pro¬
duction program in 1940, the liquid resources of American indi¬
viduals have increased approximately $120 billion.
The proportion
of income saved increased rapidly up to the middle of 1942 but has
remained relatively constant since that time, according to the Com¬
mission, which added:
"Cash and deposits and U. S. Government securities have ac¬
counted for the
greater part of current saving during ,the war
period.
For the past two and one-half years individuals have been
saving close to 25% of their income after taxes in these two forms.
At the time of our entry into the war at the end of 1941, accumu?
was
shares
10,986
laboratories
within a year thereafter.
Klumpp said that 350 scientists would be employed exclusively,
research, as compared with the present 175.
"The new labora-*
tories," he added, .""will permit expansion of our research work in
penicillin-dike compounds and derivatives, antibiotics, orgariometallic
compounds, sulfa drugs, antimalarials In addition to Atabrine, veter¬
,
xeduoe
be
the
par
increased by the unprecedented sum of $40 billion during
the year 1944, the Securities and Exchange Commission reported
on
March 20 in releasing its final quarterly analysis for the year
of the volume and composition of saving by individuals in the
United States*.
This rate of saving was ten times as large as that
Iated
retiring
to
research
new
search
stock purchase warrants
saving
of 1940, the latest full year prior to our entry
by
future*
near
Under the merger plan Colorado Fuel is to
split
common
shares two-for-one,
adjust authorized
;
The
at an adjourned meeting
voted
vanillin and other llgnin products.
will have morerthan 150,000 square
three wings, with the architect's plans permitting
the addition of two other wings as the need for them develops.
Con¬
struction work will begin next spring and the structure Is expected to
The
feet of floor space in
company's treasury.
Individuals' Liquid Saving in 1944
;
company
merger,
Wickwire
President,
Corp
Inc.____
Peabody &
162, p.
of the purchasers and the principal amountrespectively have agreed to purchase are
they
-
two-thirds
from
;The series A bonds will be issued under the company's general and
refunding mortgage indenture; will." be dated Sept. 1, 1945, will ma¬
ture Sept. 1; 1992, and will bear interest at rate of 2%% per annum,
payable March and September.
Both principal and interest payable
at principal office of Manufacturers Tfust Co., New York, trustee, in
such coin or currency as at the time of payment is legal tender for
Colorado
will
2
'
33,772,300
,U—
Oct.
therefore, Is: expected to be consummated in the
10,213,958
convertible)
of the
vote on the merger.
It was learned that
of the Colorado company has proxies for more than
of ithe
outstanding stock in favor of the
on
ISSf
and Salvo Chemical Corp.,
^
stockholders
held
f
ceuticals: Hilton-Davis Chemical Co. division, chemicals
and,, allied
products; Winthrop Products, Inc., pharmaceuticals for foreign trade,
on
management
11,609,300
(non-callable & non-convertible)
stock
cum.
stock w^a
stockholders
Corporation.
The
to be
6,000,000
4,739,000
....
certificates___,_J_^__^r._._.___^
trust
Preferred 5%%
$6,870,000
;
bonds_______
refunding mortgage 2% 96
Equipment
Common
4%
mortgage
■5
Sept. 20 voted 381,52a to 6,873 to approve a
proposed merger of this company with Colorado Fuel & Iron Corp.
The
latter company
recently made a conditional offer to rent the
$200,000,000 war-time steel works at Provo, Utah, from the Defense
.
.
First
r
Wickwire Spencer Steel Co.—Merger Approved—
The
Before any plan could be effected, various approvals would
have to be secured, including;' where necessary, consent ; of. stock-;
holders of the railroads involved, and the authorization of the ICC.
Wheeling.
General
•
.
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4425
calls
Albert
attention
number of
to
Goldman
fact that
the
letter rate of postage,
to
various
although
envelopes used for
correspondence,
apparently
merchandise
items
of
articles
senders.
such
are
In
similar nature,
being
con¬
hand¬
as
and qther
stockings
a
instructions
Which,
enclosed in
sealed and
kerchiefs,
addressed
parts of Italy
the usual size
tain
a
articles, prepaid at the
i
Such
returned to the
accordance
received
*
with the
froim^ the
Post Office Department at
Wash¬
.
ington, the arrangements for the
dispatch of mail to Italy, Specifi¬
cally provide that letters and let¬
ter
packages ? may
merchandise;' of
prospective
not
any
mailers
guided accordingly.
contain
kind
should
and
be
THE COMMERCIAL- & FINANCIAL* CHRONICLE
J660-.. V
.
Monday, Octobef U 1945
■r
Slate and
,
■
■
y-
City Department
BOND PROPOSALS AND NEGOTIATIONS
Field, Richards & Co.;
-
the
Board
accompany
semi-annual street refunding
bonds was purchased recently by
the Southern Securities Corp., and
of
must
Supervisors,
bid.
3%
Calif.
Oxnard,
favorable
par.
held
County Sch. Diet. No. 15
(P. O. Tillar), Ark.
Bonds Purchased—An issue of
Drew
recently
$250,000 were
the
election
treatment
sewage
bonds.
"
plant
120,000 city hall bonds.
10,000 fire engine and equipment
of Little
$14,000 1V2% semi-ann. sch.
purchased
was
Rock.
bonds.f
San
-
Note Sale—An issue of $1,000,-
,
000 notes offered for sale on
25—v.
semi¬
aggregating $8,000,000, offered for sale on Sept. 25—
v.
162, p. 1033—were awarded to
a syndicate
composed of Halsey,
Stuart & Co., Inc., the Mellon Se¬
curities Corp. of Pittsburgh, Blair
& Co., Inc., Stone & Webster and
Blodget, Inc., Goldman, Sachs &
Co., both of New York, Stranahan,
Harris
&
Co., Inc. of Toledo,
Hemphill, Noyes & Co., Hornblower & Weeks, Bacon, Steven¬
son & Co., Eldredge & Co., First
of Michigan Corp., all of New
York, Otis & Co. of Cleveland,
coupon
annual bonds
Fresno County (P. O.
Fresno), Calif.
|
Diego, Cat.
Sale—The
Bond
CALIFORNIA
Sept.
162, p. 1443—was awarded
Najtional
Trust & Savings Association of
San Francisco, at a discount of
0.34%, plus a premium of $9.00.
Denomination $100,000.
Payable
on Dec. 31,
1945. The next high¬
est t bidder
was
the & California
to the Bank of America
Bank, Los Angeles, at 0.35%, plus
a
premibm of $1.55.
First National
Bank of Minneap¬
I Los Angeles, Calif.
olis, First National Bank of St.
Paul,
First
National
Bank
of
The
Department " of Water and Memphis, Mullaney, Ross & Co. of
Power, electric plant refunding Chicago, Lobdell & Co. of New
York, E. M. Newton & Co. of Bos¬
revenue bonds, issue cf 1945, due
serially from April 1 1946 through ton, Newburger & Hano of Phila¬
April 'l 1959/are now ready to be delphia, F. S. Yantis & Co. of
exchanged for outstanding tem¬ Chicago, W. H. Newbold's Son &
porary bonds by the National City Co., Dolphin & Co., both of Phila¬
delphia. Crouse, Bennett, Smith &
Bank of New York.
Co. of Detroit, Thomas & Co. of
Los Angeles County, Arcadia City
Pittsburgh, and the First Cleve¬
School District (P. O. Los
land Corp.
of Cleveland, at a
Angeles), Cal. v
price of 100.0527, a net interest
''
Bond Offering—J. F. Moroney, cost of about 1.94%, divided as
County Clerk, will receive sealed follows:
bids until 10 a.m. on Oct. 2, for
$6,000,000 water system extension
the purchase of $460,000 building
of 1945 bonds—$800,000 as 4s,
bonds, at not exceeding 5% inter¬
due
$200,000 from June
1
est. Dated Oct. 1, 1945. Denomi¬
1947
to
1950; $3,200,000 as
nation $1,000. Due Oct. 1, as fol¬
l3As, due $200,000 from June
lows: $20,000 in 1946 to 1958, $20,1 1951 to 1966, the remaining
000 in 1959 to 1963, and $25,000
$2,000,000 as 2s, due $200,000
Bonds
Ready
Exchange—
For
•
-
w
in 1964 and 1965.
to
be
in
Rate of interest
from
multiples of
14 of 1%.
Principal and interest payable at
the County Treasury. The bonds
will be sold for cash only
must
bid
state
the bidder offers par and accrued
interest to the date of delivery,
offered for the bonds bid for. Each
bid shall be for the entire amount
of said
bonds
interest,
than
and
the
bonds,
at
bid
any
entire
or
single rate of
a
for
less
of
said
amount
for varying rates of in¬
bid
Monterey County, Prunedale Union
School District (P, Q
Salinas), Cal.
-
Bond Offering—Emmet G. Mc-
Menamin, Clerk of the Board of
Supervisors, will receive sealed
bids until 10
1, for the
purchase of $15,000 school bonds,
at
not
exceeding 5%
interest.
Dated Oct. 1, 1945. Denomination
$1,000. These bonds are due $1,000
to
1976.
Blyth & Co.;
bids
as
received
re¬
premium, if
any,
date
of
de¬
bonds for which the bid is made.
Bidders will be permitted to bid
different rates of interest for dif¬
ferent
maturities
of
said
bonds.
Principal and interest payable at
the County Treasury. A satisfac¬
tory opinion approving the legal¬
ity of the bonds will be furnished
without charge to
the successful
These bonds are due on
1942 to 1950.
Interest
1,
successful
bonds
are
said to be legal
investment for savings banks in
New
York,
Massachusetts
and
They
Connecticut.
San
*
Lot No. 3
National
First
the
To
Bank,
No.
Lot
No.
118.896
2
22
To
Laidlaw
118.014
&
Central Re¬
public Co., of Chicago, and R.
D. White & Co., jointly:
Co.,
119.21
Lot No. 4
Lot
No.
118.75
8
Harris
the
To
Trust
&
Savings
Bank, of Chicago, and R.
Pressprich & Co., jointly:
No.
Lot
■
10
11
112.86
To
Braun, Bosworth & Co., Inc.,
Peoples National Bank,
Charlottesville, jointly:
and the
of
Lot
To
No.
123.61
6
Boland, Saffin & Co.:
Lot
No.
122.595
7
To the Mellon Securities
to
be
held
Nov.
on
$357,000 sanitary and
13:
im¬
sewer
No.
Corp., of
13
To Phelps, Fenn & Co.:
-Lot No. 12
To
To
Brothers
Brown
Harriman
Bank of America
I
&
Co.:
Lot
No.
14
107.392
Lot
No.
16
109.746
To Ryan,
Bond Election Considered—The
„
National Trust &
Savings Association,
City Council is considering sub¬
mitting to the voters at the Nov¬
San
ember
Francisco;
Weeden &
cost
calls
on
Co.,
Co.,
his
$500,
of
114.766
18
Lot No. 21
Sanitary
121.553
To the First Boston
No.
Lot
office
bond No.
of
No.
Lot
To
the
Kansas
Unlimited Tax
written
in
Trust
Mill
Levy
of
City:
20
...
*
and
24, totaling $230,000 were
rejected.
valorem
ad
taxable
mills to 3.5 mills from 3.64
mills
in
Co.,
_,
Co.;
Braun, Bosworth & Co., Inc.;
Wisconsin Co., Milwaukee;
Commerce Union Bank,
r
•
Connecticut
(State of)
Revises
ment qf a new flaw
regulating the
investment of savings
which
Commissioner James A.
bank funds,
26, 1945.
Noonan.
As chairman of the board, Gov¬
Vivian
explained that this
cuts the tax levy for State pur¬
poses
one
mill in the last six
years.
He said the one-mill re¬
ernor
duction hkd saved tax-payers ap¬
' proximately
$1,000,000.
The
re¬
became
effective
on
June
This act makes, several
important changes in the eligibil¬
ity ■ tests under which bonds of
States and municipalities qualify
,
as
taxes
levied
all
on
The law does not
amount.
or
empt from this provision
heretofore issued.
ex¬
bonds
Date of Incorporation
The
requirement that a city
been incorporated for
25 years is omitted from the new
The minimum
population re¬
quirement of 20,000 remains un¬
changed and we are advised that
the
Bank
sending
Commissioner
new
is
now
questionnaires to all
cities of that size
which
to
or over, replies
permit determina¬
will
tion of legal status of many
places
heretofore ineligible.
FLORIDA
Clewiston, Fla.
Bonds
Purchased—An
issue
of
$166,000 3%, 3%% and 4% electric
and
water
revenue
refunding
bonds was purchased recently by
the
Ranson-Davidson
Co.
of
San
Antonio, Paine, Webber, Jackson
& Curtis of Chicago, and Sullivan,
Nelson
&
Goss
West
of
Palm
Beach, jointly. Dated Jan. 1, 1945.
Legality
approved
by
McCall,
Parkhurst &
Crowe of Dallas.
Delray Beach, Fla.
Purchased—With
the
to
ence
for
call
refer¬
tenders
on
Sept. 25 of series A, issue of 1938,
refunding bonds, and for series
B, of 1940 bonds, Catherine E.
Strong, City Treasurer, reports
that the City purchased $665 of
said bonds at a price of 98.00, plus
accrued interest,
and $5,000, at
a price of 99.00, plus accrued in¬
terest.
Florida (State of)
Municipal Situation Discussed—
The
following comments
from the September
are
taken
issue of the
monthly bulletin on the municipal
market published by A. B. Mor¬
rison & Co., Congress Building,
Florida
bond prices are softer
they were 30 days ago. This
particularly noticeable on the
than
is
bid
side.
"legals."
default by
a State within 20 years barred the
bonds of that State and within 15
Under the old law, a
While
most
offering
prices
the
remain at approximately
same levels as a month ago,
dealers
willing in many cases
prices quite decidedly on
are
In the face of
a
small
available
vestment List—The recent
1944, upon recommendation of
State
Budget
and
Efficiency
York
property within the
city without limitation as to rate
to shade
Legal In¬
Legis¬
lative session witnessed the enact¬
Legislature
New
real
firm bids.
Reduced—The
the
Miami:
Co.,
bids received for Lots Nos.
All
into
1938, requires, with re¬
obligations of cities in
States other than Connecticut, that
obligations shall be payable from
to
*
19
Commerce
Lot No.
23
Corp.:
♦Prices not disclosed.
State Board of Equalization voted
recently to reduce the Colorado
tax
mill
levy for 1945 by 0.14
1
Paine,-Webber, Jackson
& Curtis;1
Nashville;
at
*
...
Ripley &. Co., Inc.,
John Nuveen & Co., MercantileCommerce Bank & Trust Co.,
of St. Louis, Braun, Bosworth
& Co., Inc., and the First of
Michigan Corp., jointly:
Colorado (State of)
Tax
Mercantile-Commerce
Milwaukee Co.;
payment
15,
nomination
'
~
for
Oct.
17
Harriman
Sewer District No. 3.
Phelps, Fenn & Co.; v;
Lazard Freres & Co.; '
Harris Trust & Savings
Bank, Chicago; ■
Louis;
to
13, dated
June 1, 1930, in denomination of
$500, of Sub-District No. 3, of
Storm Sewer Dist. No. 1, and bond
No. 9, dated May 1, 1931, in de¬
and
B« J. Van Ingen &
improvements
for
Bond Call—The Town Treasurer
Continental National
& Trust
issues
COLORADO
Commerce, Seattle;
Bank
bond
Sutherland & Co.:
Lot No.
To
Brush Sewer Districts, Colo.
National Bank of
Bank & Trust
civic
$1,102,000.
post-war
Co.;
Kidder, Peabody & Co.;
Heller, Bruce & Co.;
L. F. Rothschild &
Co.;
Laurence M. Marks &
Co.;
John Nuveen &
Co.;
Wm. E. Pollock &
election
the First of Michigan Corp.:
15
_110.12
Lot No.
Torrance, Calif.
i
Limit
provision, similar to the
new
Bonds
117.59
„
if
city's proportionate share of coun¬
ty and town debt the new law
requires inclusion of all overlap¬
ping debt.
111.993
No.
•
St
Debt
W.
Lot No.
Lot
1930s
The former 8% debt limit has
been increased to 9%, but where
it was required that debt include
121.54
5
the
Act.
of
Chicago:
Lot
in
other requirements
must have
*
Lot No. 1
v,
Leandro, Cal.
Co.,
jointly:
are
*
Staats
R.
William
bonds
of the law.
& Co.,
Blyth & Co., Weeden
and
offered
subject to approval of legality by
O'Melveny & Myers, whose opin¬
ion will be furnished upon de¬
livery.
of¬
719,000, were awarded as follows:
for
public sub¬
scription; the 1946 to 1969 ma¬
turities priced to yield from 0.60%
to 1.95%, while the 1970 to 1976
maturities are priced from 100 to
99.50, all according to maturity
desiredv^These
is
lots, representing $3,-
total of 22
reoffered
bidders
bonds
Sold—It
Bonds
defaulted
can meet
spect
ipal bonds aggregating $3,949,000,
offered for sale on Sept. 26, a
To
which
they
law
Company
of State,
lots
default
a
ineligible.
(
This change would appear to
eligible all States and cities
A
reported that of the 24
county and munic¬
ficially
only
make
one
Hartford, Conn.
Porfolio
that
so
default, even uncured, does not
make obligations of cities therein
date called.
on
CONNECTICUT
Bonds Offered for Investment—
above
payment on Oct. 1, at
3*/4% water extension
to 15. Dated April
Aetna Life Insurance
struction bonds.
Bank,
York;
Co.,
New York;
Northern Trust Co.,
Chicago;
New
and accrued
separately the
offered for the
for
office,
bonds Nos. 11
provement; $54,000 fire station;
$124,000
park
acquisition
and
playground improvement; $35,000
library, and $40,000 bridge con¬
Bankers Trust
delivery, and
to
his
ceases
Graham, Parsons & Co.;
Kebbon, McCormick & Co.;
A. G. Becker & Co.;
Cruttenden & Co.;
Ryan, Sutherland & Co.;
Hill, Richards & Co., and
Singer, Deane & Scribner,
jointly,
For $1,300,000, 4s,
$4,600,000, 2s, and
$2,100,000, 13/4S_
100.00
election
were
follows:
of
state
Bond Call—The Town Treasurer
calls
changed
within five years bars the
112.875
interest to
interest
Lafayette, Colo.
R. H. Moulton &
$4,900,000, l%s, and
$1,200,000, 2s__
—.100.0867
and
9
127.75
par
accrued
ue,
Lot
at not less than
livery,
from 50 to 60% of cash val¬
he reported.
vary
Oct.
Co.;
Security-First National
Bank, Los Angeles;
Salomon Bros. & Hutzler;
R.m. Pressprich & Co.;
Lee Higginson Corp.;
Equitable Securities Corp.;
W. E. Hutton & Co.;
Coffin & Burr,
Present assessments
this time.
1, 1940.
Inc.;
Lehman Bros.;
First Boston Corp.;
the
properties,"
but said no revision was necessary
at
Weil, Roth & Irving Co.;
Breed & Harrison, and
Chase, Whiteside & Warren,
jointly,
For $1,600,000, 4s,
$4,200,000, l%s, and
$2,200,000, 2s
l_100.046
The
some
Lot No. 9
on Oct. 1, from 1946 to 1960.
The
bonds will be sold for cash and
each bid must specify the rate of
interest offered and must state
that the bidder offers
par
and
the assessment on all
Co.;
Martin, Burns & Corbett;
Stone & Youngberg;
Harriman Ripley & Co.,
when
effort should be made to increase
Co.;
Pittsburgh:
Salt Lake City, jointly,
For $1,900,000, 4s, ;
date
approaching
rapidly
is
Bond
Election—The following
bonds, amounting to $610,000, will
as
Chase National
Oct.
a.m. on
Co.;
years barred tho bonds of cities
within that State.
This has been
of any State or city and a State
,
"the time
board
the
told
man
Donald MacKinnon &
ex¬
revenues
be submitted to the voters at the
Other
for,
payable to the
Chairman Board of Supervisors.
Charles Clark & Co.;
J. R. Williston &
government
Tax Commissioner John R. Sea¬
'
Co.;
cut
to
13/4s, due $100,-
ported
terest will be rejected. Enclose a
certified
check
for
3%
of1 the
bonds
penses
and
increase
whenever possible.
administration's
the
of
000 from June 1, 1951 to 1965.
$1,500,000
that
and state separately the premium,
if any,: and the rate of interest
1967
from June 1, 1946 to 1950, and
and accrued in¬
Each
1
2,000,000 Mission Bay Recreation
Development of 1945 bonds—
$500,000 as 4s, due $100,000
and at
not less than par
terest.
June
policy
J. M. Dain &
11:
Sept.
on
$120,000
bonds
by the
Southern Securities Corp.
bonds amounting to
voted at
Harvey Fisk & Sons;
Stroud &
following
The
Voted
Bonds
Mallory, Williams & Co., both of
Little Rock, jointly, at a price of
tinuation
Gruntal & Co.;
Illinois Co., Chicago;
of
•
duction, he declared, was a con¬
Schwabacher & Co.;
bidder. A certified check for 10%
the bonds bid for, payable to
.
Conway, Ark. - i
Bonds Sold—An issue of $25,000
%
supply of bonds, how¬
ever,
and little investment de¬
mand, dealers naturally are not
disposed to quote below list prices
unless there is
a
very definite in¬
terest shown at lower levels.
The
news
biggest item of Florida
is, of course, the hurricane
which hit the state
noon
of
Sept.
mainland
15.
near
on
It
a
erly direction
central
part
after¬
the
Homestead, about
25 miles southwest of
continued in
the
struck
Miami and
general northwest¬
through the south
of
the
state,
then
[Volume 162
COMMERCIAL & FINANCIAL ^CHRONICLE
THE
Number -4425
1501
1
,y.;.
curved
-
northeasterly
to
out
sea
Day tona,
lost
and
having
much
of
went
around
somewnere
by. that,
its
time
initial
vel?
At Homestead where the
©city..
storm
nicipality when, the Legislature
granted such authority*;■; f
has
the
cohcerrif
The view of this court
ing the economic justice or in¬
justice of 1 such tax-exemption or
voters thereof .*
* * provided said
r
,/[ Chicago Park Dist., III.
voting shall be a majority
Large Debt Refunding Sched¬
of the registered voters *
: i ; uled—On Sept. 25, R. J. Dunham,
2/3
so
There
in
laws
statutory
were
existence prior to the adoption of
the New Constitution, which fol¬
worst, the wind the wisdom of the Legislature in
blowing at 143 authorizing the City of Jackson¬ lowed substantially: the; language
per hour.
At Miami the ville to extend its electrical trans¬ of the old Constitution relative
to the issuance of bonds. Without
wind velocity was officially giv¬ mission
system into Clay County
en at 99 miles per hour with gusts
are immaterial.
The Legislature question there is a conflict be¬
upwards of 107 miles.
Enormous had the authority to determine tween the old Constitution and
damage to citrus fruit, largely that matter. It appears from the the New Constitution, and the
limes, grapefruit and avocadoes allegations of the said bill of com¬ same exists between the New
was
sustained in the Homestead
Constitution, and the old statu¬
plaint that the tangible personal
tory laws. There is no Supreme
area. Property damage was heavy.
property of the City of Jackson¬
decision
construing
this
Practically every bit of fruit and ville involved in this suit consist¬ Court
particular part of the New Consti¬
leaves on trees in the Homestead
ing of an electric transmission or
tution and any opinion given is
area
was
stripped off and esti¬ distribution
system
located
in
based solely on conjecture as to
mates are that from 50% to 75%
Clay County and used by it for,
what the Supreme Court would
of the trees were blown down. the
purpose of serving the users
hold. This Court should hold that
Several
packing
houses
were of electricity of the City of Jack¬
if the bonds were authorized by
either demolished or badly dam¬ sonville in
Clay County can be
aged and many residences ren¬ used only for a public municipal 2/3 vote of the qualified voters,
and if the said % constituted a
dered unfit for occupation.
For¬ purpose, exclusively.
majority of the registered voters,
tunately it was too early for truck
Miami, Fla
then the
bond
issue would
be
crops to be planted. The immense
was
estimated
was
as
miles
.
Homestead
and
Miami,
collapsed during the height of
the
story and ignited
gasoline
causing
a
fire
which
com¬
pletely
destroyed
the
three
hangars, together with 25 blimps
and 366 navy and civilian planes
stored in the hangars for protec¬
tion against the storm.
This loss
alone runs into
many
millions.
Damage in the Miami area was
confined
mainly
to
trees
and
shrubs which were uprooted and
blown
over,
rendering
many
streets
temporarily
impassable.
Property
damage
was
severe
along the waterfront and seawalls
and many residences suffered con¬
siderably.
On the whole, how¬
ever,
the. Miami
area'
came
through in good shape.
Water
service was largely restored the
day after the storm and most tele¬
phones are now back in service
but electricity is still not available
in many sections ds this is writ¬
ten.
./
.
Damage
the
to
citrus
of
reported
by the Florida Commissioner of
Agriculture to be small. There is
heavy damage to grapefruit in
certain relatively small sections
but little damage to the orange
crop in any area. Very few trees
the State
as
lost
were
There is
truck
whole
a
north
some
of
crop
is
in the Okeechobee
region but most of the area had
not been planted and in those sec¬
tions where the crops were de¬
stroyed there is plenty of time to
replant.* While the over-all dam¬
age is enormous, of course, for¬
tunately it affected only a small
crops
section of the State.
Bonds
the
Ffa.
Purchased—Pursuant
call
for
tenders
the town purchased
Scheduled—It
is stated by A. E. Fuller, Director
of Finance, that Oct. 23 has been
set as the date for a special elec¬
good.
However, there is strong
argument against this for the Su¬
preme Court could possibly just
tion to determine whether a spe¬
abling
cial
the General
Assembly
subdivision
can
act
adopted at the last ses¬
sion of the Legislature shall be
ratified, which,
upon
adoption,
will provide the procedure in fi¬
nancing a sewage disposal system.
He says that if this election should
result favorably another special
election will then be called
to
vote
Palm
Purchased—The
Bonds
of
Sept. 24,
was
on
a
Court
also
serves
County,
was
residents
in
from
exempt
taxation b,v the latter taxing body.
We give now excerpts from Judge
Ogilvie's ruling:
Certainly there can be no doubt
that the City of Jacksonville does
not
change in character as it
crosses the Clay County line.
It is
still a part of the municipal trans¬
mission
or
distribution system and
its purpose has not changed when
it passes into another county un¬
der
so
express
to
The
With
legislative
authority
do.
reference
to
property from ad
provisions
exemption of
valorem taxa¬
Goss
&
Palm
West
of
subdivisions
of
state
or
limits of
outside
a
mu¬
in
is
in
an
utter
confusion.
refunding
to
save;
tax¬
sioners at the meeting on Tuesday,
authorized the first step in the
program by directing that adver¬
tisement
bonds
be
for
made
in the
tenders
amount of the
oi
hurst
&
Crowe
sinking funds, $8,775,000. As
a. further step it is contemplated
to issue $28,475,000 of refunding
;
IDAHO
Bonneville County Indep. Sch.
Dist. Class A No. 1 (P. O.
Idaho
Authority
in
Confused State—Certain pro¬
visions of the new Constitution
which
Creation
Debt
ratified
was
by
the
elec¬
Aug. 7 set forth new
procedure governing the creation
of bonded debt by local political
subdivisions. For this reason, the
torate
bn
firm of
Brooke, Tindall & Co., of
Atlanta,
requested
an
opinion
from Messrs. Spalding, Sibley &
Troutman, also of Atlanta, as to
is
local
as
concerned.
"Stated
that
code
revised
of
effect
inso¬
borrowing authority
In submitting their
attorneys concluded
briefly, the right to
bonded
indebtedness
subdivisions
is
by
in
an
Text of
the opinion, as made
available by
the above-mentioned
bond house,
is
follows:,
as
Offering—Stanley Crow¬
District Clerk, will receive
sealed bids until 7:30 p.m. on Oct.
22 for the purchase of building
coupon bonds amounting to $510,000, not exceeding 2% interest.
Dated Oct. 1, 1945. Denomination
$1,000.
Due Oct. 1, as follows:
$15,000 in 1946 to 1954, $20,000 in
1955 to 1957, $25,000 in 1958, $40,000 in 1959 to 1964, and $50,000
Nov. 1,
1965. Bonds are not to
be sold at less than par and the
Board of Trustees may reject any
ley,
(State of)
Georgia
Citizens
or
all bids ana sell
Atlanta 3,
Bank
Truct
Co.,
New
will
York
City.
unconditional.
bids must be
District
furnish
the
All
The
approv¬
ing opinion of Chapman & Cut¬
ler of Chicago, and will also fur¬
nish'the bonds.
Enclose a certi¬
fied check for
Ditriet
3%, payable to the
Treasurer.
Offering
—
Helene Busse,
Village Clerk, will receive sealed
You have requested an opinion
bids until 8 p.m. on Oct. 1, for the
relative
to
the
effect
of
the
purchase of $15,000 3% series of
amendment to the Constitution of
1945, water revenue bonds. Dated
1877, generally referred to as the Nov.
1,1945. Denomination $1,000.
New
Constitution,
which
was
These bonds are due on March 1,
ratified by the electorate on Aug
as follows: $1,000 in 1946 to 1958,
7, 1945, as it pertains to the issu¬ and
$2,000 in 1959. Alternative
ance of bonds of political sub¬
bids will be received for bonds
'
This
question, while on its face
Comparatively simple, ac¬
tually raises many points. To il¬
appears
lustrate:
..
-V;-.":.'
that
no
provided
political subdivision of the
issue
bonds "without
the assent of the
majority of the
State
could
political subdivisions "without the
of 2/3
of the qualified
assent
retired
be
varying
require
a
bear
from
interest
2%%
total
to
rates
5%,
and
.
Chicago,
District.
payable
District.
the
to
for
check
Sch. Dist. No. 83 (P. O.
j
Franklin
S Bond
Nos.
Ball,
for
pay¬
Treasurer,
calls
\
,
Dec.
1, refunding bonds
4, redeemable at the
National
Bank,
Chicago.
bonds are dated Aug. 15,
on
and
3
1940.
Park), III. /
M.
Call —Arley
School
■■;
'
.
..
Dahlgren Township (P. O.
Dahlgren), III.
Bonds Voted—An issue of $30,-.
000 road maintenance bonds was
interest
annual
approved at an election held re¬
payment of $1,413,147.50.
cently.
After this refunding program
Dale Township (P. O. Shirley),
is effected, the Park District-Mil
Illinois
have outstanding bonded indebt¬
Bond Election Held—An issue
edness of only $56,102,700, a re¬
duction of $57,172,706 in the pe¬ of $40,000 road bonds was sub¬
riod of less than 10 years since mitted to the voters at an election
June 16, 1936, when outstanding held on Sept. 18.
Park District bonds totaled $113,Forrest on, III.
275,406.
Bonds Sold—The $11,000 street
4 Tenders Wanted—R. J, Dun¬ lighting bonds offered for sale re~ (de¬
ham, President of the Board of cently were; purchased by Mason,
Commissioners,
will
re ceive Moran & Co., of Chicago. • These
,
sealed
Oct.
tenders
for
9
until
10
a.m.
on
bonds
the
are
authorized
the
at
the
purchase of the election held on Sept. 5.
*
District's refunding bonds series
Franklin County (P. O. Benton),
A and B, dated Sept. 1, 1935, and
Illinois
series C and D, dated March 1,
Bond
Offering—The
County
1936, series E, dated January and
May 1, 1936, revolving fund bonds, Clerk has announced that he will
dated May 1, 1936, and funding receive sealed bids until Sept. 28,
for the purchase of $250,000 court
bonds
dated Dec. 1,
1938.
The
"Treasurer has in his possession house bonds. These bonds are duo
.
bearing
than
a
3%.
aggregating $8,775,000 which
available for the purchase of
are
as
of said bonds as by said
many
sums
may
interest.
lower rate of interest
Principal and interest
payable at the Village Treasurer's
office. Said bonds, together with
interest thereon, shall be
payable
derived
solely from the revenues
the Water Works System,
and such bonds shall not in any
event constitute an indebtedness
be
purchased at the
lowest price obtainable but not to
exceed their par value and ac¬
Those tenders
tenders)
which
•
(and only those
offer bonds
at
(so far as afore¬
available for the purr
sums
chase
bonds
of
order
as
will
will
permit)
result
in
in
the
purchase of bonds by the District
at
the
lowest
price obtainable.
Those
who
make
which
tenders
accepted will be paid for the
bonds so accepted on surrender
are
and transfer of the bonds and all
unmatured interest coupons there¬
attached
to
District
the
at
office
of
the
Sullivan,
Clerk
of the
Board
of
tax
anticipation
war¬
amounting to $4,300,000:
in
anticipation
collection of taxes levied for
was
levied
corporate
sum
of
$6,400,000
amount
authorized
for
the
purposes,
year
the
(this
fixed
by statute)
plus warrants here¬
is§ued in anticipation, of
1945
corporate purposes tax
of $500,000, will
constitute 75% thereof, being the
in
the
amount
of
warrants
statute.
Village, is required.
was
amount
authorized
by
will be in denomination of $1,000
and multiples
thereof and will be
numbered beginning with number
principal of and inter¬
the warrants will be
payable at such place and dated,
all as may be agreed upon by the
A 21, and
est
on
&
the
Bank,
Harris
Trust &
Chicago,
at
a
Savings
price
of *
Mt. VernonDistricts, III.
Election Held—The fol- i>
Bond
lowing
construction
bonds
submitted to the voters at
held
were
an
elec¬
$250,000
high school district N'd, 201, and
$250,000 grade school district No.
tion
Sept.
on
22:
80 bonds.
'
J
Palmyra, III.
Bond
Election
Planned—An
of $20,000 road bonds
submitted to the voters
sue
election
be
to
held
in
is¬
will be
at
the
anj
near
future.
Prospect Heights Sch. Dist.
No. 23, III.
Election Held—An issue
Bond
of $23,000
construction bonds was
submitted to the voters at an elec¬
tion held
on
Sept. 22.
Springs Park Dist., III.
Wrestern
Warrants
maximum
:
Sept. 24—v. 162, p.
awarded to Halsey,
Co., of Chicago, at a
price of 102.317, a basis of about
1.29%.
Dated Oct. 1, 1945.
De¬
nomination $1,000.
These bonds
are
due on Nov. 1, in
1956 to
1958.
The next highest bidder
of $4,300,000,
said
sale
Stuart
and these v/arrants in the amount
tofore
(/
,
1331—were
cor¬
Election
Pending
—
The
calling
election was approved by
Board on Sept. 6, to
submit to the voters an issue of
of
an
Park
the
$90,000 land acquisition bonds.
upon
purchaser of the war¬
will be payable
in the numerical order of issuance
District and
Warrants
Village within the meaning
constitutional or statutory
limitation. Purchaser will be re¬
able to the
Bond
for
of* the
porate purposes for the year 1945.
for
.
Sch. Dist. No. 170
(P. O. Dixon), III.
*
Sale '—The $77,000 Wz% *
semi-annual school bonds offered
J.
purpose
Issued
■
,
.
.
Offered—Jas.
Trustees, will receive sealed bids
until 11 a.m.
(CWT) on Oct. 4
for the purchase of 1945 corporate
rants
(
Lee County
•
Warrants
beginning with the warrant hav¬
ing 4 the lowest number, being
number A 21, and both principal
and interest thereof will be pay¬
quired to pay the cost of printing
the bonds and any legal opinion.
A certified check for $1,000, pay¬
ority.
Chicago Sanitary Dist., III.
Tax
rants.
of any
High Sch. Dist. "
III.
Bonds Voted—An issue of $82,000 construction and site purchase
bonds was approved at the elec¬
tion on Sept. 8 by a large maj¬
No. SO,
101.69.
Treasurer.
from
of the
Gladstone
accrued- interest
and
will be accepted
such
in 20 years.
prices not exceeding their
value
par
said
1945
Arlington Heights, III.
Bond
divisions of the State.
to
The bonds
of
Certified
Cook County, Mannheim Public
These
for retirement in 1946.
Cutler,
&
a
$10,000,
First
There
ILLINOIS
Bldg.,
Georgia.
Chapman
Enclose
sinking fund, will retire $37,250,000
of
presently
outstanding
bonds, all of which are optional
said bonds at
private sale.. Principal and inter¬
est payable at the office of the
District Treasurer or at the Irving
,...
Southern
&
refunding
at
issue
entire
and at one rate
will be furnished by the
bonds/ added to the amount in the
lowest
Falls), Idaho
Bond
Local
The proceeds of these
the
interest, The printed warrants
the
approving
opinionof
ment
bonds.
will
bid
and
ent
crued
Troutman.
of Dallas.
GEORGIA
purchase
for
same
No
that does not offer V
not less than par
pres¬
sums
Very truly yours,
(Signed) SUMTER KELLEY,
Spalding, Sibley &
Beach,
qualified voters * * * voting in an
the location of the property which election for that purpose - to be
is exempt. The property of a mu¬ held as prescribed by law.*' The
nicipality held and used exclu¬ bldConstitution was .to the effect
sively for municipal purposes can that bonds could not be issued by
of the ^corporate
of
and
estimated
the
warrants.
v
litical
tion has placed no condition upon
be located either inside
too
Stated briefly, the right to cre¬
bonded indebtedness by po¬
The New Constitution
constitutional
entail
would
letter.
Gentlemen:
Clay
.
This
much discussion to incorporate
jointly. Dated Jan. 1, 1945. Le¬
gality approved by McCali, Park-
which
j
.
lowed.
Paine, Webber, Jackson & Curtis
Chicago, and Sullivan, Nelson
decision
Claude
-
fecting local school districts, such
as, if the district is still in ex¬
istence and if not, what, if any¬
thing, can a county school district
do about issuing bonds, and the
procedure
required
to
be fol¬
Brooke, Tindall & Company,
Circuit
Duval
debtretirement
payers close to $1,000,000 a year
in bond interest.
The Commis¬
must vbe
t
with
af¬
ate
$27,000
Judge
Ogilvie holding that the
Jacksonville
municipal
utility,
of
men¬
of
utter state of confusion."
1443,
conflict
.
political
page
made to
by
political
any bonds
no
issue
the
En¬
an
passed
I have hot attempted to deal
certain
additional
problems
ing bonds offered for sale recently
were
purchased by the RansonDavidson
Co.
of
San
Antonio,
create
our
of
until
been
tioned above.
4% series of 1945, general refund¬
opinion, the
issue
County, Pahokee
(P. O. West
Beach), Fla.
Palm
to 89.625.
Additional Information Regard¬
that
had
Beach
.
far
ing Utility Tax Decision—In
hold
Act
account
on
Drain District
refunding bonds,, dated Feb. 1,
1939, at prices ranging from 88.50
reference
to be financed by
well
as
this
the
Jacksonville, Fla.
are
obligation bonds.
The
amounts to be required for the
various
improvements have not
as yet been forecast.
general
Sept. 20,
on
the question of improve¬
on
ments which
to
$21,000 1-5%
Election
Special
Homestead.
considerable loss of
Gulf port,
to
program
and
of the
be considered
of
the
Chicago Park
District, announced a substantial
,
blimp hangars at Richmond, be¬
tween
President
1%,
all
IOWA
Bonds
$50,000
was
on
Ackley, Iowa
Defeated —An
recreational
issue
of
park* bonds
defeated at the election held
Sept. 11.
Audubon County (P.
O. Audubon),
Iowa
$75,000 hos- /
the taxes antici¬
the warrants will so pital bonds offered for sale re¬
Orle--/
recite. Bidders to name the; rate cently were awarded to
01
iii*er<H>L in luuinpics Ox
V8 ui ioxi L. ben Co., of Des Moines, as
able solely from
pated
and
Bond
Sale—The
>
THE COMMERCIAL Be FINANCIAL CHRONICLE
1562
Monday, October 1, 1945
Baled ^Ct. 5; 1945/Denominatio^is
purchaser, but no note will
be smaller than $5,000.
Due April
24, 1945.
Issued under General
Laws, Chapter 111, Section 85A.
Payable at the Second National
price of 100.74, a basis 000 in 1966. Said bonds will be to 1956 inclusive; $5,000f in 1957 Smith, Barney & Co.,
\
'
;\
1958, and $6,000 in
1959. Alex. Brown & Sons, '/
Dated Sept. 1, redeemable prior to maturity in and
1945. Denomination $1,000. These whole, or in part in the inverse Principal and
interest (J-J 15) Frist Boston Corp.,
bonds are due on Nov. 1, as fol¬ order of their numbering on any payable at the City Treasurer's B. J. Van Ingen & Co.,
lows: $7,000 in 1948 to 1952, and interest payment date, such re¬ office. The bonds are callable Baker, Watts & Co.,
* $8,000 in 1953 to 1957; optional demption of the last maturing prior to maturity at 105 and ac? Mackubin, Legg & Co., and
$5,000 of bonds to be upon terms crued; interest on or after/July Stein Bros. & Boyce, jointly
on Sept. 1, 1950, and on any inter¬
est payment date thereafter. Le¬ of par and accrued interest, and 15, 1948; 104 on or after July 15, For $199,000, 2%s,
gality, approved by Chapman & redemption of all other of said 1952; 103 on or after July 15, $203,000, 2s, and
'!
bonds to be upon terms of par and
1954; 102 on or after July 15, $1,098,000, V/2S
—__100.017
^Cutlet, of Chicago.
%V4S, at
a
of about
,
to suit
1.087%.
•
,
Bank of Boston, or at the Chase
National Bank,' New York City,
•
and will be delivered on or
Oct.
■'
Cedar Rapids,Sch. Dist., Iowa
Bonds Voted—An issue of $750,-
•
bonds
-construction
000
fa-
was
vorably voted at the election held
:'
on
-
Sept. 17.
"
City, Iowa,
:
{
Bond
Offering — J.
W.
McGeeney, City Clerk, will receive
sealed and open bids until 8 p.m.
on
Oct; 1, forthe purchase of
*
$100,000 hospital bonds.. Dated
Oct. 1, 1945. These bonds are due
on
Nov. 1, as follows: $4,000 in
H1946 and 1947, $5,000 in
1948,
f $4,000 in 1949, $5,000 in 1950 to
-1959, $6,000 in 1960, $5,000 in 1961,
I $6,000 in 1962, $5,000 in 1963,
! $6,000 in 1964, and $5,000 on Sept.
30, 1965. All bids shall specify the
rate
of interest, and all other
things being equal, the bid of par
rate plus
coupon
% of 1% for each year
thereof
fraction
or
the
at
the
from
re¬
demption date to the stated ma¬
turity
date
of
the
respective
bonds. Both principal and interest
of the bonds will be payable at
the First-City Bank & Trust Co.,
in Hopkinsville. Said bonds ma¬
turing on June 1 of each of the
years 1946 to 1951, inclusive, and
$1,000 maturing June 1, 1952, will
bear interest at a coupon rate not
exceeding 1%%, and all other of
said bonds will bear interest at
Bidders
may
,
Lacan, Iowa
Bond Sale—The
lower
a
.
will
event
bid
a
of
than
less
102%% of par be favorably con¬
Said bonds
to repre¬
are
the financed and
refinanced
portion of the cost
of school
buildings to be leased to and used
by the Board of Education for
said • County,
and bidders must
agree to accept, take delivery and
make payment for the bonds to
the principal amount of $65,000
soon
as
as
the
bonds
have
been
prepared and are ready of issu¬
must further agree to ac¬
cept,
take
delivery
and
make
/ awarded to the Carleton D. Beh payment for bonds to the princi¬
/ Co. of Des Moines. Dated Oct. 1,
pal amount of $13,000 on or be¬
/ 1945. Denomination $1,000. These
fore
Nov.
1, 1945, and to the
bonds are due $1,000 on Nov. 1,
amount of $118,000 on or before
; 1947
and 1948, $1,000 on Nov. 1,
Dec. 1, 1945, and to further agree
1950 to 1952, and $1,000 on Nov.
that if delivery is taken and pay¬
1, 1954 and 1955, Principal and in¬
ment made prior to Nov. 1, 1945,
terest payable in Logan; Legality:
and Dec. 1, 1945, to nevertheless
approved by H. N. Rogers of Des
pay accrued interest to those dates
I Moines, The ne*t highest bidder
as
to the bonds required to be
was
the First .National " Bank,
purchased
and
payment
made
said
on
dates..
The
.
Offering
|
County will furnish the
1-
Bond
ing opinion of Chapmap & Cutler,
of Chicago, and all bids must be
C. W. Short,
Secretary of the Board of Direc¬
tors, will receive sealed bids until
7:30 p.m. on Oct. 8 for the pur¬
—
chase of $525,000 building bonds.
Dated Nov. 1, 1945. Denomination
$1,000.
Due Nov. 1, as follows:
t $25,000 in 1947 to 1955, and $30,000 in 1956 to 1965.
These
are
the
/bonds authorized at the election
./held on May 12, 1945, by a .vote
of
342 to 94.
the
Printed bonds and
approving opinion of
'
Chap& Cutler of Chicago, will be
man
furnished by the District. Enclose
certified check for $10,500.
a
KENTUCKY
;1
Breckinridge County (P. O.
Hardinsburg), Ky.
.
Bond
bonds
amounting
offered
>
for
sale
to
on
following
$56,000 and
Sept, 26—v.
162,; p. 1444—were awarded to
the Bankers Bond Co. of Loiiis*
ville:
enue
bonds.
-
•
rev¬
rev¬
bonds.
/Dated Oct. 1, 1945. These bonds
are due serially on Oct.
1, from
1946 to 1953.
the
income
dividual
therefrom
becomes
to
in¬
an
taxable
under
Federal income tax law the
any
successful bidder will be relieved
of
the
obligation
to
accept de¬
livery, and the deposited check
will be returned on request. En¬
close,
County (P. O.
Hopkinsville), Ky.
Bond Offering—Frank H. Bas-
sett, County Court Clerk, will
ceive sealed bids until 10 a.m.
Oct. 2, for the purchase of
re¬
on
$196,-
000 school
building revenue bonds.
Dat^d Sept. 1, 1945, Due $8,000
June and $1,000 Dec. 1,
1946, $7,-
Kentucky State Teachers
•College (P. O. Richmond), Ky.
Bond
Sale
Details—In
our
is¬
of Sept. 24, page 1444, we re¬
sue
ported
the award of $35,000 2%
dormitory
revenue
bonds
and
$228,000 building revenue refund¬
ing bonds to a group composed of
Bro«.
&
Boyce, Almstedt
Bros., Bankers Bond Co., all of
Louisville, and the Security &
Bond
Co.,
of
Lexington.
The
group paid a price of 103 for the
bonds.
of
sue
In
connection
with
the
Murray State Teachers Collect
(P. O. Murray),.Ky.
funding bonds offered for sale oh
Sept. 20—v. 162, p. 1444—were
awarded to Stein Bros/ & Boyce,
of Louisville, at a price of 103.00,
a
basis of about 1.91%.
Dated
Oct; 1, 1945. These/bonds are due
on
April 1, from 1946 to 1964.
000
$2,000
enue
Dec.
1,
1950, $8,000-June
-and $1,000 Dec. 1, 1951 and
1952,
$9,000 June and $1,000 Dec. 1,
1953, $8,000 June and $1,000 Dec.
1,
1954, $9,000 June and $1,000
Dec. 1, 1955 to
1957, and June 1,
as follows: $9,000 in
1958, $10,000
in 1959 and 1960,
$9,000 in 1961.
$11,000 in 1962, $10,000 in 1963
/and 1964, $11,000 in 1965, and
$4,-
$228,000 also bears 2% in¬
Purpose of the issue was
to refund at a lower interest rate
bonds previously outstanding.
000 June and $1,000 Dec.
1, 1947'
June and $1,000 Dec. li
1948 and 1949,
$8,000 June and
$8,000
con¬
bonds
Pineville
Bonds
2%%
issue
of
school
refunding -
building
bonds was
$57,rev¬
re¬
cently placed on the market by a
syndicate
composed
of
Stein
Bros. & Boyce, Louisville,* Bank¬
ers
Bond
Co., Louisville; and F.
L. Dupree &
Co., of Harlan. Dated
July 15, 1945. / Coupon bonds in
$1,000 denomination. Due on Jan.
15, as follows: $3,000 from 1946 to
1948
inclusive;
$4,000 from
1949
4017
at
Louisiana
bids
until
10
a.m.
Oct.
on
2, for
the
purchase
of
$8,000
school
bonds, at not exceeding 4% inter¬
est.
Denomination
$500.
Due
$500 Oct. 1, 1946 to 1961. Payable
from unlimited ad valorem taxes.
These
bonds
authorized
were
election held
an
at
Aug. 21, 1945.
The approving opinion of B. A.
Campbell, of New Orleans, will be
furnished.
check
for
on
Enclose
$200,
certified
a
payable
to
the
District.
Louisiana
(State
Huge School Improvement Pro¬
Advocated
John E.
Coxe,
State Superintendent
of Educa¬
tion, has come forward with a
$28,000,000 peacetime capital im¬
provement program for the State's
school system. The proposed pro¬
gram calls for a State expenditure
of approximately $15,000,000 for
aid
to
parishes in constructing
school buildings and an additional
gram
—
$13,000,000 of State-Federal funds
for
of
improvements to seven schools
higher education and schools
for
the
deaf
and
blind.
recommendations
In
which
the
have
been
tentatively approved by the
Board
of
Education, the State
would
be
required
to
provide
about $8,000,000 for the schools of
higher education and the Fed¬
eral Government would
to
be asked
Unsold
—
The
;
par
entering a postwar
spending period in the soundest
financial condition it has enjoyed
the
or
lowest
in
years, City Treasurer John
Shaughnessy announced.
»
Shaughnessy reported the
city's funded debt as $2,170,000,
the lowest it has been since 1922,
R.
Mr.
interest
rate
and said Quincy now can
bid
a
than
more
rate for the bonds.
one
Quincy's funded debt reached an
1930 when it was
Principal and interest (A. & O. 1)
payable at the Equitable Trust
Co., Baltimore, or at the Chemical
Bank & Trust Co., New York City,
all-time high in
$5,947,000,
MICHIGAN
General
obligations; unlimited tax.
Registerable as to principal alone;
exempt from taxation by the State
and by the counties and munici¬
(State of)
Michigan
State
>
Call—Charles M. Ziegler,
Bond
palities in the State; uncondition¬
ally guaranteed as to both princi¬
and
borrow
for 0.75% interest on 10year bonds, the lowest rate of in¬
terest ever recorded at City Hall.
money
multiple of one-tenth
V8 of 1%, and no bid may name
upon
is
city
for 23
highest price, not less than
and accrued interest, offered
for
Low Figurer-
Debt At
Bonded
This
The bonds will be awarded
Commissioner,
Highway
the call for payment on
announces
Nov. 1, at par and accrued interest,
of variously described assessment
by Montgomery
George's Counties by
endorsement on each bond; form
of bond substantially the same as
bonds of the last preceding series.
interest
The bonds will be delivered about
highway improvement refunding
aggregatingg $167,000. The
bonds,
together with necessary
coupons, should be presented for
payment to
the paying
agent
Oct.
named
and
Prince
1945,
30,
place
at
of
bonds
pur¬
."•j :
chaser's choice.
therein.
""
"•
..
'
-
-
.
In the event that
Troy Township Sch. Dist. No. 7
prior to the delivery of the bonds
(P. O. Clawson), Mich.
the income received by private
Bond Call
Refunding bonds
holders from bonds of the same
N
39
and 40
dated March i,
type and character shall be tax- i1Q4; ^
at1fi nn«nn
o/in
able by the terms „f any Federal. I 1^44, due May 1, I960, and option¬
of
ally redeemable, are called for
—
o™
athls dtottaW I. an(^ accruedNov. 1, 1945, at par
P^ment on
interest.
Bonds
Wdder6
piaaer,
may
and
such
may aLpls election, oe. re-
lieved of his obligations under the
contract to
purchase the bonds
in
the
case
deposit
ac¬
his bid will be re¬
The approving opinion
j
should
presented for payment
be
Manufacturers
the
at
National
Bank of Detroit.
companying
turned.
of
Mas^lich &
York, will be furnished the
chasers. Enclose
for, payable to the Commis¬
the
of
amount
bonds
sion.
These notes
1945.
two
highest bids received for the
$150,000 bonds offered Sept. 25—
v. 162, p. 1444.
The offering con¬
sisted of the following:
anticipation notes awarded on
tax
Sept. 10 to Crouse, Bennett, Smith
& Co., of Detroit—v. 162, p. 1333—
were
sold as 3s, at par plus a
premium of $22.00. Dated Sept. 15,
MASSACHUSETTS
the
Township Sch. Dist.
(P. O. Wakefield), Mich.
Note Sale Details—The $40,000
pur¬
certified check
a
1%
of
Wakefield
Mitchell, of New
City has
on
their
Quincy, Mass,
at the
bid
New Iberia. La.
Bonds
and
by
Storey,
& Dodge, of
Boston.
These bonds
for
give about $6,000,000.
Boston
legality
approved
Thorndike, Palmer
Hyattsville,
Md.,
until
(EST), on Oct. 10, for the
purchase of series III, water bonds
aggregating $1,000,000. Dated Oct.
1,
1945.
Denomination
$1,000.
pal
of)
of
to
as
Second Na¬
the
by
3 p.m.
1985.
erly,
authenticated
be
Bank
tional
Hamilton
against
funds.
The
Boston,
Boston
in
will
genuineness
Street,
Berkley (P. O. Taunton), Mass.
Note Sale
The $10,000 tax
notes offered for sale on Sept. 22
—v.
162, p. 1444—were awarded
$75,000 sewer bonds. Due on Oct. to the Machinists National Bank,
of Taunton, at a discount of 0.39%.
1, from 1946 to 1955.
75,009 "drain bonds. Due on Oct. These notes are due on Dec. 28,
1945. The next highest bidder was
1, from 1946 to 1955.
the First National Bank, of Boston,
West Feliciana Parish, St.
at 0.50%.
Francisville Sch. Dist (P. O.
St. Francisville), La.
Danvers, Mass.
Note Offering—Sealed bids will
Bonds Voted—The $150,000 con¬
be received until 2:30 p.m. (EST),
struction
bonds
were
approved
on
Oct. 3, by A. Preston Chase,
at the election held on Sept. 18.
Town Treasurer, for the purchase
of
MARYLAND
$28,500
coupon
sewer
loan
notes.
Denomination $1,000, ex¬
Maryland State Roads Commission
cept one for $500. Dated Oct. 1,
(P. O. Baltimore), Md.
1945.
Due ori Oct. 1; ,$3,000 in
Bond
Sale
The $1,500,000
1946 to 1954, and $1,500 in 1955.
Chesapeake Bay Ferry system Principal and int. (A-O) payable
improvement bonds offered for at the Second National Bank of
—
the
was
are
due
on
Jan.
The only other bidder
First
National
Bank,
1946.
15,
Wakefield.
MINNESOTA
Albert Lea, Minn.
Sale—The $111,000 semi¬
Bond
refunding bonds offered
on
Sept. 24 — v. 162,
annual
sale
for
1036—were awarded to J. M.
& Co., of Minneapolis, as
p.
Dain
0.90s, at a price of 100.04, a basis
of about 0.89%.
Dated Sept.-.l,
1945.
Denomination $1,000. These
bonds
due
are
on
the
was
Jan.
1,
from
The next highest
1947 to 1952.
bidder
First
National
Bank, St. Paul, for 0.90s, at a price
of 100.031.
—
sale
on Sept. 25, were awarded to
syndicate composed of the Union
Securities Corp., Lee Higginson
Corp., Coffin & Burr, First, of
Michigan Corp., all of New York,
and Stroud & Co., of Philadelphia,
as
IV4S, at a price of 100.180, a
Boston.
a
supervision of
and certified as to their genuine¬
ness by the Director of Accounts,
Department of Corporations and
Taxation, Commonwealth of Mass.
No telephone bid will be accepted.
basis of about
The
1.23%.
Dated
Oct.
pared
These notes will be pre¬
bidder
1%, and
lows:
and
Bidder
Price Bid
is
in
to
-
100;06:=
Harris, Hall & Co.,
R..W. Pressprich & Co., " /
Bacon, Stevenson & Co.,
Francis I. duPont & Co.,
and Equitable Secur. Corp.,
Jointly for $1,500,000, iy2s_100.141
name
one
.rate
multple of lA of
bid of less than par
a
no
accrued interest will be
These
sidered.
to
the
notes
will
purchaser
Second National
New-York,
$1,384,000, l%s, and
$116,000,000,1 %s
interest
livered
National City Bank,
For
of
the
under
1, 1945. Due in 1947 to 1960, in¬
clusive. Other bidders were as fol¬
Sch.'Dist., Ky.
Sold—An
bids
sealed
of
about
Second Na¬
the
at
payment
notes
are due on Oct.
1, as
$10,000 in 1946 to 1955,
$20,000 in 1956 to 1965, $30,000 in
1966 to 1975, and $40,000 in 1976 to
Livingston Parish Sch. Dist.
No. 31 (P. O. Livingston,
deferred action until Oct. I
Eastern
Washington Suburban Sanitary
District, Md.
follows:
certified check for $2,000.
a
Bond Sale —The $77,006 2%%
fine arts building revenue re4
Christian
u
event that
prior to the delivery of said bonds
terest.
,
32,000 2%% school building
enue
i
In the
approv¬
sale, it is to be noted that the is¬
$24,000 2%% school building
/
conditioned.
so
Stein
Sale—The
*
maintenance
the November election.
ance,
therefor
IMarshalltown Indep. Sch. Dist^.
and
will be submitted to the voters at
a
$7,000 fire sta¬
tion and city hall purchase bonds
offered
for
sale
recently were
$100,000 county hospital site,
struction
of
issue
rate, but same must, be
multiple of Vs of 1%, and in no
a
sent
Sept. 11,1945. /
Louisiana
Election—An
Secretary
of
the
Parish
School Board, will receive sealed
est rate will
tion held on
County (P. O. \Greenfield),
Bond
Bond Offering—Ernest S. East¬
with
bonds
interest
sidered.
\ the bonds authorized at the elec¬
Adair
coupon
the
and accrued interest for the low-
given preference.
/ The bonds will be sold subject to
the approving opinion of Stipp,
/Perry, Bannister, Carpenter &
Ahlers, of Des Moines. These are
LOUISIANA
1945,
tional
Bond Offering—Perry Boswell,
Chairman, has announced that the
Sanitary Commission will receive
of Louisville.
not
..
be
101 on or after July 15,
1958. Legality approved by Wood¬
ward, Dawson, Hobson & Fulton,
exceeding 2%.
specify and bid for
rate
coupon
1956;
Bank
5,
—
interest
accrued
Bank of
be
de¬
atthe
Mc«-
chase,
notes
discount,
amounting
at
or
to
temporary
$200,000.
.
>
on
Commission, at a price of
162, p. 1333—were sold as
Sept. 1,1945. Denomina¬
$130.
These warrants are
on
Sept. 1, in 1946 to 1955,
Light
par—v.
2s. Dated
tion
due
inclusive.
Interest, payable
-
No.
14
M-S.
Indep. Sch. Dist.
Faribault County
(P. O. Blue Earth),
Minnesota
Bond Sale Details—The $345,000
building
bonds
J.
M.
neapolis
Cormick,' Acting County Treas¬
urer, will receive sealed bids until
10:30 a.m. on Oct. 2, for the pur*
Minn.
improvement warrants award¬
Sept. 10 to the Water and
300
ed
Lakes,
Sale Details—The $1,-
con¬
Boston.
Middlesex County (P. O.
Cambridge), Mass.
Note Offering rr- JamespC.
Detroit
Warrant
—
30
to
awarded
Dain
v.
on
July
& Co., of Min¬
162, p. 613
—*
sold at a price of par, a net inter¬
est cost of ^about 1.21%, as fol¬
lows/$48,000 maturing $16,000 pn
Feb.
1,
1948 to 1950, as l%s, and
$297,000 maturing on Feb. 1, $16,000
in
1951, $18,000 in 1952 to
1955, $20,000 in 1956 to 1960, $22,-
iAToiunie
162
Number 4425
i
THE COMMERCIAL & FINANCIAL CHRONICLE
000 in 1961 to 1964, and $21,000 in
.
of
1965,
as
the
000.
These bonds
1.20s.
Denomination $1,are dated Aug.
$100,000
held
the
at
election
be
to
of)
Approved
fol-
Municipalities
A *
Receive
r-
The latest
—
move by Minnesota to foster avia¬
tion in the State is allotment of
lowing 1%% bonds aggregating
$167,000, have been approved as
to legality by Charles & Trauernicht, of St. Louis: $112,000 spe¬
approximately $850,000 to 27 mu¬
nicipalities to aid in the develop¬
cial
ment
bonds
of
a
State-wide
of
airports, according to the Ameri¬
can. Municipal Association.
" '
The allotments, made with ad¬
vice and consent of the Legisla¬
tive Advisory Committee, will be
made from the $2,000,000 fund set
up by the 1945 Legislature to in¬
system
the State's aviation future.
sure
Actually, the State is commit¬
ted
to
spend about half the $2,000.000 because the State Aero¬
nautics
Commissioner
has
street
street
improvement,
intersection
LeakeCounty (P. O. Carthage),
Mississippi
■
r-:-. 7:
,
,
t
Bonds Purchased—An
issue of
2%%
semi-annual, funding bonds
amounting to $22,654 was pur¬
chased recently by Edward Jones
&
Co., and the Walton-Hamp
Jones Co., both of Jackson/jointly.
Dated Sept. 1, 1945. Legality ap¬
proved by Charles & Trauernicht
of St. Louis.
steps
airport
Jrunways ateunsafe. Un¬
his arrang#nent, the Com¬
missioner has tpeen authorized by
funding bonds amounting
to $6,722.59 has been approved as
to legality by Charles & Trauer¬
authorized
to
take
approved
any
direct
small
where
der
the Governor, with consent of the
Legislative
Advisory Committee,
to work directly with the municipality on a matching basis with¬
out further authorization from the
Governor
to * place f runways
in
safe, useable condition provided
the cost does «ot exceed $5,000. •
For
completion of existing war
airports, a grant i of
$88,000,
the
largest - approved
amount,
was > made
to > Duluth,
while $29,500 was allocated to In¬
ternational Falls
t..; r
emergency
.
,
•
Other
specific
grants,
on
>
the
basis of preliminary engineering
estimates:-
Winona,
$61,000;
St.
Cloud,
$48,500; Mankato, $37,500; -Brain$40,000; Willmar $44,500; Thief
River Falls $18,000; Worthington,
$17,500; Detroit Lakes, $40,000;
Marshall,
$33,000;
Albert
Lea,
$24,000; Faribault, $47,000; Fer¬
gus Falls, $30,000; Red Wing, $25,000; Moorheadj $17,500; New Ulm,
$40,000;
O w a t o n n a,
$39,000;
Crookston,
$24,000;
Fairmont,
$25,000; Ely, $10,000; Montevideo,
$12,500; Grand Rapids, $17,500;
Pipestone $17,500; Park Rapids,
$12,000; Ortonville, $20,000.
ard
V
..
nicht
of
St.
submitted
„
to
the
to be held
voters
on
Oct. 9.
South St. Paul, Minn.
Bonds
Recorder, will receive
until 8 p.m. on Oct.
purchase of $420,000
sewerage bonds at not exceeding
1%% interest. Dated Aug. 1, 1945.
Denomination $1,000. Due Feb. 1,
as
follows: $20,000 in 1948, and
$25,000 in 1949 to 1964. Bidders
bids
1,
the
for
are
required to specify the desired
interest
rate
multiples
Bids
or
of
V4
rates
or
bonds
in
integral
1/10
of
1%.
issue
semi-annual,
bonds
of
street
was
pur¬
•
chased recently by Shaw, McDermott & Co. of Des Moines. Dated
such basis, then
according
held
on
Feb.
6,
1945.
■■
•
-.v..
.
nated by the purchaser.
No bid
for less than par and accrued in¬
terest will be considered. The City
will ^furnish the printed and ex¬
ecuted bonds and the approving
Bend
Offering—August far. Mc-
Bride, Village Clerk, will receive
sealed bids until 2 p.m. on Oct. 2
tor the purchase of $20,000 semi¬
annual, water bonds, not exceed¬
ing 4% interest.
will
submit
be
to
held
the
Oct.
on
voters
Chickasaw
.
of
County
(P.
O.
Crete, Neb.
Bonds
bonds
Voted
hospital,
—
The
sum
legally acceptable pro¬
posal. Each proposal must state
the amount bid for the bonds,
any
between
legally acceptable pro¬
specifying the same rate
of interest, the bonds will be sold
posals
to the bidder
complying with the
terms of sale and offering
bidder
the
with
that
and
bonds.
Bond
City, Neb.
Election
—
An
t
issue
of
at the election
A
to, be held on Oct.
like amount of bonds- was
favorably voted
on
July 24, and
subsequently awarded,
"
>
Franklin,• Neb.
.
•'
■
1
Bonds Voted—The $7,500 swim¬
ming pool bonds were approved
at the election held* on Sept. 10.
Bond
Ord, Neb.
Election—The
will
J
Bonds
following
submitted
be
the
to
Wahoo, Neb.
Voted—An
000 airport bonds
the election held
issue of $25,-
was
on
approved at
Sept. 18.
of
are
valid
and
le¬
binding obligations
Township Sch. Dist. (P.
O.Chatham), N.J.
Bond
The
Issuance
Board
of
Considered
Education
is
—
con¬
Livingston Township Sch. Dist.
(P. O. Livingston), N.J,
-
Bond Offering—Thomas R. Col¬
lins,
District Clerk, will
for the
receive
interest
the
voters
will
at
be
the
9.
submitted to
election
purchase of $300,000 school
or
registered -bonds to
not exceeding 6% interest.
coupon
bear
Denomination $1,000.
to
These bonds
be
are
due in not less than 10 years nor
than 20 years.
Dated Sept.
character shall be taxable
terms
of any
The
with
opinion
of
binding
Board
of
Enclose
. water
1, from
$1,000. The only other bid¬
a syndicate composed of;
Van Ingen & Co., Geo. B.
Gibbons & Co., Inc., Chas. E. Weigold & Co., Blair & Co., Inc., John
Nuveen & Co., A. M. Kidder &
Co., Lebenthal & Co., Gruntal &
Co.,; Buckley Bros., Harvey Fisk
& Sons, Lyons & Shafto, E. M.j
was
Newton
& Co., Herbert J. Simms
Co., Stroud & Co., R. D. White
&
Co., J. R. Williston & Co.,
Churchill & Co., Dolphin & Co.,
&
a
certified check for $6,000, payable
to the Board of Education.
Weil,
Roth
Wertheim
Co.,'
Irving
&
&
Co.
This
group
and
of¬
fered 100.02 for 2:70s.
New Jersey (State of)
Units Plan Huge Public
,
Local
Works
Program
Mamaroneck, N. Y.
*
Note Sale
The $245,000 notes
offered for
sale
on
Sept. 24—
Public works
—
—
construction
costing more than
$100,000,000 and requiring 4,000,000 man-days of labor has been
planned by New Jersey munici¬
palities, counties and school dis¬
tricts, it wa& disclosed, Sept. 20,
by State Economic Development
Commissioner Charles R. Erdman,
162,
v.
City,
Mr.
Vanderlipp
$194,000
City, N.Y,
$30,000,000
Revenue Bills
—City Comptroller Joseph D. McGoldrick announced on Sept. 21
that he had sold by allotment an
issue of $30,000,000 0.50% revenue
bills, dated Sept. 21, 1945 and due
Oct 24, 1945. /
The following banks and trust
companies participated:
the
Th« Chase National Bank .of the
"
v
City of New York
$5,490,000'
Kings County Trust Company,
t
Brooklyn, N. Y.
r
90,000
The National City Bank of New
"Some," he said, "are not sched¬
uled to begin for more than two
years.
However, it does give
manufacturers and local Industries
information of value to them in
,
.
•
-York
,
4,650,000
•
Guaranty Trust
Bankers
Trust
Co.
-
3,840,000
—
,
2,070,000
950,000;
Bank Si Trust &
•
^ v
:
;
1,860,000.
-
Chemical Bank & Trust
proj¬
Y
Trust' Couu
Central Hanover
CO;
of N.
Co.
Manufacturers
their "Own post-war reconversion
The survey included those
«
•
0.73%, and for $51,-
New York
was not to be con¬
list of project plans and
.
,
/
at
Sells
public improvements to be imme¬
diately submitted for bids on the
open market,
.
<
650 at 0.83%.
construction
explained
-
0.82%.
report
a
v
-
The only other bidder was thtf
First .National Bank*: Boston^ for
could be studied in relation to ex¬
sidered
»*
,
0.72%,
Planning and Engineering under
supervision of. its director, Wil¬
liam T. Vanderlipp.
Purpose of
the survey was to learn the size
and time of public works pro¬
grams in the State so that they
survey
Co.,, of Jersey
•
51,650
tax
anticipation i notes,
maturing Sept* -27, : 1946, at:
Commissioner
ErdmanA esti¬
was based on a survey made
by the department's Division of
for
follows:
as
$194,000 tax anticipation • notes,1
maturing on April 26,1946, at
mate
pected demand
materials.
1445—were awarded to
p.
the Bessemer Trust
Jr.
Co—'1,470,000,:
pirst National Bank of The City:
•
1 >
of New. York.—,...:
-—
1,260,000
Irving Trust Co
L
1,260,000*
Bank of The Manhattan Co.—1,200,000
j.
p. Morgan & Co., Incorpor¬
ects approved by the State to re¬
ceive State aid, proj ects pending
,
and likely to be approved and
projects which will receive no aid
ated
900,000
—
from the State but which will be
The New
carried
Corn Exchange Bank Trust Co—
750,000
Bank of
420,000,
out
by local government
independently.
^ ^
[
North
Wildwood
The
(P.O.
The
of
:.
to issue
York..—
National
Bank
and
Marine
420,000
Midland
Trust
Co.
'
New York.—
National
300,000
Bank
United States
240,000
"
Trust Co. of New
York
proposal
refunding bonds amount¬
a
& Trust Co...
Empire Trust Co
NEW MEXICO
,
150.000
120,000
:
Fifth Avenue Bank of New York
,
'
♦
180,000
'
B^nk
ing to $1,270,000.
;
and
,Trust-■Co., 270,000
Brooklyn Trust Co.,
mission took under advisement for
consideration
New
870,000
Co.
Commercial
Sept. 17, the State Funding Com¬
further
York Trust Co—
Public
Trust
Wildwood), N. J.
Bond Proposal Considered—On
120,000
60,000
Fulton Trust Co. of New York—
Title Guarantee & Trust Co---,.
Guadalupe County Municipal Sch.
Dist, No, 8 (P. O. Santa
,
,;tS0fG00,
$30,000,000
Ramapo and Clarkstown, Molest on.
Rosa), N, Mex.
Fire Dist. (P, O. Spring
Bonds Sold—An issue of $30,Valley), N. Y.
000 construction bonds was pur¬
\ Bond Sale —- The $18,000 fire
chased on Sept. 17 by the First
apparatus bonds offered for sale
National Bank,
of Santa Rosa, as
IV2S, at a price of 101.666, a basis
of about. 1.30%.
These bonds are
NEW YORK
interest payable at the
Liv¬
National Bank, Living¬
ston. - No proposal will be con¬
sidered
which
specifies
a
rate
1945,
Feb.
on
J.
B.
obligations of the
Education.
of
Due
,1946 to 1959.
der
Delafield1 & Wood, of New York,
that the bonds are valid and le¬
gally
general
1, from
Feb.
tion
Hawkins,
the
issue
bonds.
:r
1945,
on
1959.
| Dated Oct. 15, 1945. Denomina¬
furnished
May 29, 1945.
1%, and must be the same
of the bonds.
Principal
f
suc¬
cessful bidder will be
1,580,000
f
by the
tenth of
all
r
of
Due
"1946 to
law, the successful bidder may, at
his election, be relieved of his
obligations under the contract to
purchase the bonds and in such
case
the
deposit accompanying
his bid will be returned.
issue
bonds.
.
Federal income tax
due $2,000 in 1947 to 1961.
Au¬
thorized at the election held on
for
$3,799,000
of the purchase
price. In the event that prior to
the delivery of the bonds the in¬
come received by private holders
from bonds of the same type and
1, 1945. Due $15,000 from Sept.
1,-1946 to 1965. Rate of interest
to be in multiple of
or one-
Long Beach, N, Y.
ingston
Bond
Sale—The
$5,379,000
«
re¬
funding of 1945 bonds offered for
higher than the lowest rate stated sale on Sept. 27—v. 162, p. 1445—
in any * legally acceptable pro¬ were awarded to a syndicate com¬
posal. Each proposal must state posed of Goldman, Sachs & Co.,
the amount bid for the bonds, Blyth & Co., R. W. Pressprich &
which shall be not less than $300,- Co., Stone & Webster and Bud¬
000 nor. more than $301,000.
As get, Inc., Estabrook & Co., Lee
between legally acceptable
pro¬ Higginson Corp., all of New York,
Bosworth
&
Co., Inc.,
posals specifying the same rate of Braun,
interest, the bonds will be sold to Equitable Securities Corp., Mc¬
the bidder complying with the Donald & Co., of Cleveland, Hornterms of sale and offering to ac¬ blower & Weeks; of New York,
cept for the amount bid the least Commerce Union Bank, of Nash¬
bonds, the bonds to be ville, Thomas & Co., of Pitts¬
accepted being those first ma¬ burgh, McDougal & Condon, of
turing, and if two or more bid¬ Chicago, Ryan, Sutherland & Co.,
ders offer to accept the same least of Toledo, Seasongood & Mayer,
amount, then to the bidder offer¬ of Cincinnati, and Arthur Tresch
ing to pay therefor the highest & Co., of Chicago, as 2.70s, at a
price.
The purchaser must also price of 100.35, a basis of about
^
V
pay an amount equal to the inter¬ 2.645%:
amount of
Wilber, Neb.
more
suc¬
of the
City.
Enclose a certified check
for $4,100, payable to the City.
and
"K
bonds
The
furnished
sealed bids until 8 p.m. on Oct. 2,
Falls
9,
be
opinion
bonds
the
gally
the
at
Sept. 18: $65,000
$22,000
airport
on
will
Hawkins,
Delafield & Wood, of New York,
following
authorized
were
election held
held on Oct.
Bond Election—An issue of in¬
dustrial plant bonds in the
Prin¬
sidering
issuing
construction
bonds amounting to $150,000.
$35,000 park bonds.
6%
Jackson), Miss.
in
to
issue
an
16
Bond Election—The $20,000 av¬
iation field bonds, not exceeding
MISSISSIPPI
of the bonds.
cipal and interest payable at the
Merchants National Bank,
Cape
May. No proposal will be con¬
sidered
which specifies a
rate
higher than the lowest rate stated
Bond, Election—A special elec¬
tion
400£ payable to the City Treas¬
urer.
of
1965. Rate of interest
multiple of V\ or one1%, and must be the
Chatham
Cozad, Neb.
said bonds
are ready, and in
any event with¬
in 40 days after acceptance of bid.
Enclose a certified check for $8,-
a
for all
cessful
jl
..
as soon as
in
be in
to
his bid will be returned.
NEBRASKA
legal opinion of Dorsey, Colman, voters at the election to be held
Barker, Scott & Barber, of Minne¬ on Oct. 23: $25,000 swimming pool,
apolis, both without cost to the and $25,000 airport bonds, ,
purchaser, and delivery thereof
will be made
$15,000
v
Principal
and interest payable at any suit¬
able bank or trust company desig¬
bonds, hot- exceeding 6%
Dated Sept. 1, 1945. De¬
nomination $1,000. Due Sept. 1, as
Allows: $10,000 in 1946 to 1964, and
interest.
•
computed to the maturity dates at- $55,000 3% park, parkway and
the coupon rate or rates desig¬ boulevard
acquirement
bonds
nated im the bid, and,: iii case of a will be submitted to the
voters
on
istered
accrued to the
the bonds
on
date of payment
,
will <be
to the higher amount of premium
stated in the bid'. These are the
bonds authorized at the election
Oct. 8 for the purchase of $205,000
beach protection coupon or reg¬
to ac¬
Aug. 1, 1945. Legality approved cept for the amount bid the least
by Charles & Trauernicht. of St. amount of bonds, the bonds to be
Louis.
4 accepted being those first matur¬
Webster County (P. O. Walthall), ing, and if two or more bidders
offer to
accept the same least
Mississippi
I
Bonds Purchased — The $50,000 amount, then to the bidder offer¬
4% semi-annual, road improve¬ ing v 16 pay therefor the- highest
The purchaser must also
ment bonds were purchased re¬ price.
cently by Cady & Co. of Colum¬ pay an amount equal to- the inter¬
est on the bonds, accrued to the
bus, and the Walton-Hamp Jones
date* of payment of; the, purchase
Co.
of Jackson,
jointly.
Dated
Sept, 1, 1945. Legality approved price. In the event that prior to
the delivery of the bonds the in¬
by Charles & Trauernicht of St.
come received by private holders
Louis.
!
t'f
,l(' ■'
J-.,.
f
from bonds of the same type and
character shall be taxable by the
MONTANA
terms of any Federal income tax
Culhertson, Mont.
Bonds Voted—An issue of $35,4. law, the successful bidder may, at
his election, be'relieved of his ob¬
000 sewer system' bonds was fa¬
vorably voted at the election held ligations under the contract to
purchase the bonds and in such
on
Sept. 11.
case
the
deposit accompanying
preferred first ac¬
cording to the lowest interest cost
Jtie
:
which shall be not less than $205,000 nor more than $206,000.
As
Purchased—An
3%
improvement
City
sealed
Cape May, N. J.
Bond
Offering—Stanley
C.
Schellenger, City Clerk, will re¬
ceive sealed bids untiLli AM; on
;
'
$23,000
Bond Offering—John F. O'Don-
nfell,
These
Waveland, Miss.
Bond Election—An issue of hos¬
be
Louis.
Bartlett, Neb.
pital bonds amounting to $170,000
,
dated Sept. 1, 1945.
are
Minnesota
at the election
r
Legality Approved—An issue of
2 Vz %
Murray County (P. O. Slayton),
will
Mississippi
;;
1998.
NEW JERSEY
same
Simpson County Supervisors Dist.
No. 2 (P. O. Mendenhall),
on
1946 to
tenth
been
bids
1%
$55,000
The,
Aug* 1, 1945.
Received—No
on Sept. 20 for the
Robinson Seminary
bonds. Dated Jan. 1, 1945. These
bonds are due $1,000 on Jan. 1, in
$53,000
bonds.
allidated
are
-
received
were
The
—
'
port-Aid Allotments
Bids
No
Cleveland, -Miss.
Legality
est
'■^ExeterlNz'ti'J;--
Oct. 16.
on
J, 1945.
Minnesota (State
NEW HAMPSHIRE
will be submitted to
voters
1563
pn
.
Sept. 25—v. 162, p. 1334——were
awarded
to
;
National
First
the
Bank of
Spring Valley, as IV4S, at
a price of 100.027, a basis of about
1.24%;. Dated Oct. 15, 1945,|Pe^V p
nomination $1,000.
These bonds
are due on April 15, from 1946 to
1950. The next highest bidder was
Newburger, Loeb & Co., for 1.40s,
at a price of 100.18. Among other
bidders was an offer of 100.159
for 1.90s, submitted
Gibbons & Co.
by George B.
Utica, R. Y.
Other Bids
—
In
issue of
our
$ept. 24—v. 162, p. 1445—we re¬
ported the award of the $571,bonds to B.
Co. of New York,
884.18 various purpose
J. Van Ingen &
as
0.90s,
basis
of
herewith
ceived:
at
a
about
a
For
price of 100.28, a
0.82%.
We
give
list of other bids re¬
0.90% Bonds
Equitable Securities Corp.,
>
■'
/: and Brown Bros.,
Harriman
:;
jointly
& Co.,.
,
.
100.07
Kidder, Peabody & Co., and
Estabrook & Co., jointly— 100.02$
I
•
>For
Bonds
1%
HSgginson Corp.—100.339
& Co.,
Inc., 2nd
'-'t
"v.
Goldman, Sacns & Co.,
•:Lee
Harriman Ripley
jointly:
100.28
~
—
Halsey, Stuart & Co., and
Blair & Co., Inc., jointly—
100.262
National Bronx Bank,
>New'York
100.235
-
Savings
Harris Trust &
r
i
100.219
Bank, Chicago —L
Mellon Securities Corp.
:
100.156
Pittsburgh L
Laidlaw & Co.,
W.
II. Newbold's Son &
Co., apd
Harvey Fisk & Sons,
•
j jointly
100.151
—
Trust Co.,
Bankers
C New York
100.119
—
Chase National Bank,
New York
1.10% Bonds
For
National
100.059
-
Branch
Banking & Trust
Co., Wilson, ,,,<*•
,,
$30,000, 2s, and
$16,000, l%s
100.10
(Net interest cost 1.89%.)
,
100.26
Sale—The $47,000
school
building bonds offered for sale on
Sept.; 25—v. 162; p. 1445—were
awarded to Fox, Reusch & Co.,
and Browning & Co., both of Cin100.004,
price : of
cost
interest
net
a
of
about 1.792%, as
follows: For $20,maturing $2,000 on March 1,
$27,000
1948 to 1957, as 2%s, and
maturing on March 1, $2,000 in
1958 to 1960, $3,000 in 1961 and
1962, and $5,000 in 1963 to 1965, as
l%s.. Dated Sept. 1, 1945.
De¬
nomination
$1,000.
The
next
highest bidder was the First Se¬
curities Corp., Durham, Vance Se¬
curities
Corp.,
Winston - Salem,
and Crouse, Bennett Smith & Co.,
jointly, for $10,000, 6s, and $37,000, 1^2$, at a price of 100.14,
Davidson County
Sale—The
bonds
to $46,000 and
for sale on Sept. 25—V;
1446—were awarded to the
First National Bank, of Thomasville, as l%s, at a price of 100^89,
162,
amounting
p.
basis of about 1.43 %:
a
1961.
Oct.
tion $1,000.
was
on
April
Provident
Bank & Trust Co.,
Other bids
■
,
were
as
Bidder
total
_
Kirchofer & Arnold,
*.
a
*
For $10,000, 2s, and
$36,0u0, l1/2S_-i...:^_il00.06
(Net interest cost 1.59%.)
■; ^
.
.».•
the
for
month to
insurance
and
two-month
tax
taxes
Income tax
collections
stood
at
$1,236,384
against $1,067,552, sales tax at $3,592,893
against
$3,123,581,
and
beverage tax at $931,794 agriinst
period.
$630,319.
revenues
the
two
were
months
up
and
25.55% for August alone. The fig¬
were
$4,494,308 and $2,292,136, respectively, against $3,908,962 and $1,826,582.
:
Co.,
First Cleveland Corp., and
NORTH
101.78
-
Ryan, Sutherland & Co.,
101.20
and Associates
Walter, Woody & Heimerdinger, and Associates —100.71
Alliance Sch. Dist.,
Ohio
Bond Election—At the Novem¬
ber
election
issue
an
of
voters.
N.
Dak.
Offering—Palmer
Bond
Election
—
issue
An
of
be submitted to the
voters at the
November election.
Bedford Sch.
be submitted to the voters $t
the
Dist., Ohio
struction
voters
$20,000 water
the lowest rate of interest will be
the
at
November
election.
Brooklyn, Ohio
Crouse,' Bennett, Smith &
posed recently in connection with
a
project costing approximately
bonds
was
pro¬
Tenders
sealed
tenders
22 for
$200,000.
the
bonds,
Co., Cincinnati,
$10,000, iy2s, and
'-$36,000, l3/4s______
..100.03
(Net interest cost 1.700%.) '
For
Co.,
For
$10,000, iy2s, and '
•
$36,000, 13/4S_j._:
100.03
(Net interest cost 1.701%.)
First of
Michigan Corp.,
For $46,000, l3/4s
__.100.17 J
(Net interest cost 1.73% .-)
i
•
OHIO
Bond Sale—The
annual
refunding
for sale
—were
Wanted
on
M
until
noon
on
Oct.
purchase of refunding
June 1, 1936.
The
available
for purchase
is
$5,000.
$600,000 semi¬
Butler
County
Sept. 24—v. 162, p. 1222
to
a
syndicate
of
the
Ohio
Co., of
(P.
O.
Hamilton),
Ohio
Bond
Election—An
issue
of
$30,000 county jail bonds will be
submitted
to
the
voters
at
the
Columbus, Stranahan, Harris & general election to be held in
Co., Inc., of Toledo, Otis & Co., November..
McDonald ♦ & / Co., - and' Merrill,
Turben & Co., all of Cleveland, as.
Cincinnati, Ohio • Bond Offering — Henry Urner,
1%'s, at a price of 100.672, a basis
of
about1-1.42%.
1945.
-
Dated
Oct.
1,
Denomination $1,000. These
of that amount bid
for, payable to
the City Auditor, is re¬
Bids to be made on forms
obtainable
upon
application
to
the City Auditor. - Bids may be
order
of
quired.
made
for "all
or
on
or
none."
be
not
con¬
single issue,
any
but
$1,000 denominations. At the re¬
quest of the owner, coupon bonds
may be exchanged for bonds reg¬
istered as to principal and inter¬
est.
Approving opinion of the
City Solicitor will be furnished
without charge; any other bidder
be secured at
Bond
Ordinance
On Sept.
5
bidder's
ordinance
an
cost.
Introduced
—
in¬
was
troduced in the City Council and
referred
to the Finance
tee, calling for
an
Commit¬
issue of $250,000
residence building bonds.
Cleveland Heights City
Ohio
Sch* Dist.,
f
con¬
bonds
amounting
to
$323,000 will be placed on the
ballot at the general ; election in
"
Grand view
Heights Sch. Dist., Ohio
Election — An
issue
of
Bond
Bond
Sale—The $390,000 semi¬
annual hospital bonds offered for
sale on Sept. 25—v. 162, p. 1334—*
awarded to Halsey, Stuart
Co., Inc., as l%s, at a price ot100.639, a basis of about 1.12%.
Dated Aug. 1, 1945, Denomination
$1,000. These bonds are due $19,000 on April 1, and $20,000 Oct. 1,
in 1946 to 1955.
The next highest
bidder was Ryan, Sutherland &
Co., and Stranahan, Harris & Co.,
Inc., jointly, forl%s, at a price of
100.46.
Among the other bidders
were the following:
}
;
were
&
con¬
amounting
to
$1,000,000 will be submitted to the
the
at
November
Election
$400,000
election.
An
—
construction
issue
of
Ripley & Co., Inc.,
Hayden, Miller & Co., and
Hawley,""Shepard & Co.,
jointly for lV4s
100.109
•
Other bidders
election
be
to
held
in
will be submitted to the voters at
election to be held in
Amount
Purpose
-Sewers
Sewage Plant
-Street Improvement
775,000 —Recreational Facilities
500,000
—Fire Stations
200,008 —-Garbage Incinerator
500,000 ——Health Center and
Safety Building
575,000
Health Safety and
$3,500,000
2,000,000
650,000
—
,
i
Park Equipment
.
Price Bid
For
114% Bonds
Byan, Sutherland & Co., and
Stranahan, Harris & Co.,
>
Inc., jointly
—_v100.46
—100.33
J. A White & Co
McDonald &
Co.,
Braun, Bosworth & Co., Inc.,
:
■'
and
Fahey, Clark & Co., jointly-100.31
Provident
Savings Bank &
Co., Cincinnati,
Van Lahr, Doll &
Isphording, and
Weil, Roth & Irving Co.,
jointly
—100.14
Trust
Harriman Ripley &
Northern Trust Co.,
Township Sch. Dist.
City Bank,
1 Yz%
For
Otis
&
Election
An
—
are
These bonds
to mature in 5 years.
Deer field Township
Dist.
Co., and
LocalSchv
■
Offering—Fred
B.
Jen¬
District Clerk, will receive
sealed bids until 8:30 p.m. on Oct.
13 for the purchase of $28,000
building bonds, not exceeding 2%
interest.
100.81
Lodi, Ohio
Bond Election—The $15,000 fire
truck bonds will be submitted to
the voters at the November elec¬
Lyndhurst and South Euclid Schm
Dist. (P. O. Lyndhurst), Ohio
Election
Bond
—
bonds
construction
An issue of
amounting to
$916,000 will be submitted to the
voters at the general election to
be held in November.
Mansfield, Ohio
Bond Offering—It has been an-,
that sealed
nounced
bids will be
received until noon (EST) on Oct.
2 for the
purchase of water works
mortgage revenue bonds amount¬
ing
Dated Oct.
$800,000.
to
Denomination
1945.
callable in
with
or
1,
Said
$1,000.
either 25
or
30
1960 or there¬
premium,
without
and .shall be secured by an openend mortgage
City
may
conditioned that the
the same lien
under
from time to time issue
bonds
for
additional
and
extensions
im¬
provements,
when
average
net
revenues of utility for the three
(P. O. Deerfield), Ohio
Bond
Bonds
Walter, Woody &
Heimerdinger, jointly
after
of
issue
$5,000 construction bonds, to bear
not exceeding 4% interest, will be
submitted to the voters at the
November election.
100.03
jointly.
Cleveland,
years,
(P. O. Urbana), Ohio
Bond
Chicago,
and
bonds shall be for
Concord
Co., Inc.,
Hayden, Miller & Co., and
Hawley, Shepard & Co.,
jointly
10010
tion.
—^ The following
2% bonds amounting to $8,700,000
Bond Election
the general
November:
follows:
were as
Bidder;,
bond#°#ill
be submitted to the voters at the
general
Price Bid
Harriman
bonds
Dated
fiscal years immediately preced¬
ing sthe 2 year in which ; any/ such
additional bopds are to be issued
are equivalent to 150% of interest
and principal requirements on all
revenue
and
bonds
then
outstanding
Interest shall be
or rates, payable!
semi-annually on April and Oct.
1, of each year.
Bids shall ex¬
pressly
stipulate
the
right
of
proposed.
y
May 15, 1945. De¬
Due Nov. 15,
as follows: $1,000 in 1947 to 1958,
arid $2,000 in 1959 to 1966. Rate
of interest; tq be in multiples of
at the
y4 of 1%.
collectively purchase at like cost,
nomination
$1,000.
These bonds
City Auditor, will receive sealed
Sept.
8,
1945.
bids until
than
par
Oct.- 30 for the
Bond Election-r-An issue of
National
Bond Election—An issue of
struction
at
on
of Educa¬
v'rv< y.
«
Liverpool Sch. Dist., Ohio
separately for each of the
three issues
thorized
noon
*•"...
.
Bidder
$100,000 of bonds bid
for, and 1% of all bonds in excess
kins,
offered
awarded
composed
John
dated
amount
Ohio
bonds
—
Coyne, Village Clerk, will receive
East
A certified check for 3%
of the first
-
of
Trust
multiples
or
received based
accepted, such acceptance to be
approved by resolution of the City
Bexley Sch. Dist., Ohio
Bond Election—An issue of $60,exceeding
4%
interest.
Dated 000
library improvement bonds
Xi 1945. Denomination $1,000;
will be submitted to the voters at
These bonds are due on July 1,
the general election to be held in
1965, callable at par and accrued
November.,
interest on July
1, as follows:
Brookville, Ohio
$1,000 in 1946 to 1949, and $16,000
in 1950.
Bond Election—An issue of $40Principal and interest
000
Fire
Department
building
payable at the Northwestern Na¬
tional Bank, Minneapolis.
bonds will be submitted to the
Akron,
are
upon a different rate of interest
than specified in the advertise¬
ment, the highest bid based upon
con¬
,
voters at the November election.
&
J/4 of 1%
thereof. If bids
interest,
Columbus, Ohio
$45,000 memorial stadium bonds will
Bond Election—An issue of
Chris-
works utility revenue bonds, not
100.04
rate
of
such fractional rate of inter¬
Dist., Ohio
Volley City Sch. Dist., N. D.
•
or
November.
Bond Election—An issue of
Bond IssUe Proposed—An issue
i'Co^Jointly,
rate
but
Bond
tenson, City Auditor, will receive
construction
different
est shall be
Anna, Ohio
bonds
amounting
to
$120,000 will, be submitted to the
for the purchase of
to
as
Bidders may make a bid
a
voters
-
DAKOTA
Bowbells,
election
for
school
amounting
to
$190,180 will be submitted to the
bonds
purpose
Belleville Sch.
Bond
unlimited
are
amount.
must
Stranahan, Harris & Co.,
Inc., jointly
election to be held in November.
Vance Securities Corp.,
5Winston-Salem, and
R. S. Dickson &
101.92
jointly
McDonald &
$12,000 water system bonds will
;
for
14.78%
general
Fahey, Clark & Co., and
Cobbey, Shively & Co.,
jointly
February and August to
March; it was stated. The insur¬
ance tax yielded only $3,568 last
month as against $983,410 in Au¬
gust, 1944.
Corp.,
Provident Savings Bank
Price Bid
1944,
payable from taxes which
are
Split rate bids will
(insurance)
premiums
Nov.
the
different interest rates may be bid
for different issues. Bonds are in
favorable,
fund revenues down
revenues
gross
from
Durham,
For $30,000,
l%s, and
$16,000, lM>s.____
(Net interest cost 1.65%.)
v
w
the Board
to
'• • ii:-r -i*
»
"
authorized by the voters at
were
and
W July
For.$20,000, 2sj and
;; =$26,000, iy4s.100.008
fNet i^erest cost 1,54%,.) ■
First: Securities
r"
•
$280f
Sept. $430,000 construction bonds will be
submitted to the voters at the
1, 1945.
Principal and interest
(M-S) payable at the Irving Trust general election in November.
Co., New York City. The bonds
Lima, Ohio
sidered
less
was
Bidder
sealed bids until 8 p.m. on Oct. 8
Price Bid
Fox, Reusch & Co., and
Browning & Co., jointly,
on
1 '/.-I f'"i
;
1965 inclusive.
1946 to
Weil, Roth & Irving Co.,
$237,301, or 2.99%.
The principal cause of the de¬
cline in August receipts was the
change in time of payment of the
Savings
follows:
»
$400,000
awarded
^
iV/\
•
All of the bonds are dated
Council.
The
102.37
$719,723, or 12.25%. Highway fund Braun, Bosworth & Co., Inc.,
receipts were up
$482,421, or Ohio Co. of Columbus, and
23.35%, limiting the decline in Merrill, Turben & Co.,
Cincinnati, for
$10,000, IV2S, and $36,000, l%s, at
a price-of 100.03.
+
alone
The next highest bid¬
the
—
bonds
payable
November.'
hospital bonds.
Sept. 1 from
on
First of Michigan Corp.,
The trend for the month of Au¬
gust
with general
Due
*
^
,
Denomina¬
1, 1945.
Bidders
works
Due $40,000 on Sept. 1
1946 to 1970 inclusive.
general
$25,000
$14,-
against
$15,484,618
956,796.
said to have
ures
20,000 school bonds. Due
S
I, from 1958 to 1961.
der
totaled
are
sources
Gasoline tax
$26,000 road and bridge bonds.
Due on April 1, from 1958 to
Dated
all
from
the only major revenue divi¬
sion items that were lower for the
offered
Other
water
Sept. 19 to Halsey, Stuart & Co.,
and Mullaney, Ross & Co., of Chi¬
cago, jointly; as IV2S, at a price of
current fiscal year were up 3.53%
100.134, a basis of about 1.49%—
in comparison with 1944 figures,
v. 162, p.
1446—also received the
the State Department of Revenue
reported recently. Collections following 1%% bids:
were
following
Ohio
Alliance,
Carolina
Franchise
(P. O.
Lexington), N.C.
Bond
100.61
improvement
sewer
from
500,000
Halsey, Stuart & Co.,
Mullaney, Ross & Co., and
Martin, Burns & Corbett,
jointly
100.061
•
certified check for
a
struction
1,000,000
bonds.
_
v'ii
tion.
—
improvement
airport
$1,500,000 general street improve¬
ment bonds.
Due $75,000 on
\
Sept. 1 from 1946 to 1965 in¬
Wz Bonds
proposed
been
(State of)
Revenues Rise 3.53% for Two
Months—North Carolina revenues
for the first two months of the
County (P. O.
a
For
i'
1
Enclose
clusive.
Price Bid
>
.i
purchase of $3,000,000 2% coupon
bonds, as follows:
■
,
Provident Savings Banx &
Trust Co., Cincinnati, and
bins bonds.
Whiteville), N. C.
000
has
North
NORTH CAROLINA
at
;
_
v
jointly,
Bidder
An
Fox, Reusch & Co.,
for
Wm. J. Mericka & Co., Inc.,
the
Commerce Union Bank,
following bonds amounting to $1,Nashville,
150,000:
'
Ryan, Sutherland & Co.,
$500,000 water system improve¬ Browning & Co.,
ment bonds.
C. F, Childs & Co., and
250,000 sanitary sewer system Crouse, Bennett, Smith &
bonds.
Co., jointly :
^
100.43
30,000 water department equip¬
Braun, Bosworth & Co., Inc.,
ment bonds.
Fahey, Clark & Co.,
20,000 garbage disposal equip¬
Field, Richards & Co.,
ment bonds*
First/Cleveland Corp., and
80,000 street improvement bonds.
Hawley, Shepard & Co.,
25,000 fire stations and "equip¬
jointly
—100.288
Proposed
Election
Bond
election
bonds..
Nashville,
Braun, Bosworth & Co.,
Inc., and
Sherwood & Co., jointly— 100.11
! cinnati,
Ioiysfhrlxffffi
Associates
35,000 comfort station bonds.
10,000 railroad siding and storage
Commerce Union Bank,
Bond
•
fol-
were as
Oct. 29 to submit to the voters
200,000
C. F. Childs & Co.,
Columbus
N. C.
Hickory,
Other bidders
100.63.
ment bonds.
City Bank,
New lork
'
bidder
was W. F. Kurtz & Co., and Asso¬
ciates, on XVzs, offering a price of
(Net interest cost 1.82%.)
For
Nov. 1, in 1953
on
The next highest
and 1954.
-
-
.
bonds are due
Equitable Securities Corp.,
For $30,000, l3/4s, and
$16,000, 2s
_-100.32,
an
and
election
No
bids
accrued
were
held
for
au¬
on
less
interest.
bid rate
Mansfield
rates
and
issue' of
ternate
banks
prices
average
bids
are
to
directly
and
up
to 50% of
maturities. Al¬
invited.
Enclose
yolume 162
certified check for
a
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4425
able td the City.
$8,000, pay¬
Springfield Township Sch. Dist.
;V (P. O. Ontario), Ohio
1
i
WBond Election • — An issue: of
Martins Ferry, Ohio
$120,000 construction bonds ' will
Bond Election
An issue of
/
.
Rate
I Name
//
/n/'/k
Cincinnati
J.
$27,000 municipal building bonds
"will be placed on the ballot at
the general election to be held in
November election.
These bonds
will mature in 20 years.
Bids
Other
—
Sept. 24—v; 162,
In
of
issue
our
1446—we re¬
award of the $724,500
bonds will be submitted! ;< jto/ the
refunding bonds to a syndicate
voters at the general election to be
headed
by Stranahan, Harris &
held in November: $300,000 light¬
Co., Inc., of Toledo, as l^s, at a
ing/system/ and $500,000 hospital price, of 100.68, :iai basis of about
"bohds;
1.42%.
We give herewith a list
of the other bids received:
Newark Sch.Dist., Ohio
flection
The following ported the
—
For
;Bohd Election — An issue oi
$210,000 school library bonds will
v
be submitted to the voters at the
Philadelphia, Ohio
New
Election
Bond
An
—
"
issue
of
$175,000 memorial building bonds
will be submitted to the voters at
the
election
to
be
held
in
November.
m
'
■
(State of)
Bond Yield Index Unchanged—
J. A. White &
Co., Cincinnati, re¬
Sept.
ported
on
Prices
held
26
about
follows:
as
in
unchanged
the Ohio
municipal market during
the past week although reofferings
.of $390,000 Limas, $400,000 Alli¬
ance and $750,000 Toledos, all rep¬
resenting new issues awarded in
recent days, have met with good
success. Our index of the yield on
20 Ohio
bonds stands today at
1.38%, the yield on 10 high grade
1.18%, and on W lower
grade
bonds,
1.58.%, ^all
un¬
changed from a week ago.Ohios is
Ottawa County (P.
O. Port "
Clinton), Ohio
Bond
Election
—
issue
An
of
$200,000 county jail bonds wflfcbe
to
submitted
the
aft■ the
voters
bonds
be
Election—At the Novem¬
election
construction
the
amounting to $750,000 will
submitted
Parma
Bond
to
the
voters.
City Sch. Dist., Ohio
Sale—The
series
L, refunding bonds offered for
sale on Sept. 25—v. 162, p. 1334—
were awarded to Fox, Reusch &
Co. of Cincinnati, as 134s, at a
price of 100.30, a basis of about
1.714%. Dated Oct. 1, 1945. De¬
nomination $1,000^ These bonds
are due on Dec. 1, 1953 to 1955.
Sutherland
will
—
receive
The Village
sealed ten¬
ders until Oct. 2, for
the purchase
refunding obligations at not
exceeding the face value thereof.
In the event sufficient tenders are
exhaust
not
received
now
in the hands of the Sinking
,
funds
lot
by
numbers
under
Halsey, Stuart & Co.,
Mullaney, Ross & Co./ and
Martin, Burns & Corbett,
jointly I
100.08
For
Election
An
—
Blyth & Co.,
Field, Richards & Co.,
First Cleveland Corp.,
Hawley, Shepard & Co., and
Hayden, Miller & Co.,
jointly
101.207
Fox, Reusch & Co.,
Commerce Union Bank,
Nashville, •
,
r
St. Marys,
of
issue
election
'
";
Ohio
issue of
!
107.00
34s, at
Co.,
V/2'/c
_____
&
17.00
227.30
Co.,
mass
to
storm
$150,000 sewer system
a
election
an
submit
to
the
system,
sanitary
sewage
disposal system,
sewer
and airport hangar
bonds.
'
Duncan, Okla.
bonds
be
—
/ a-
■
aggregating $1,152,000 will
election
be
to
$815,000
voters
held
at
works;1 $212,000
extension,
and
$125,000
electric light bonds.
Sch.
Sale—An
transportation
162,
for
Citizens
thony,
of
bonds
Securities Corp.,
New
York,
•
Glore, Forgan & Co., and
Miller, Kenower & Co.,
jointly
Bond
t
101.029
1V4S, at
of
Election —An
at
submitted
to
Bank, of An¬
price of 100.50,
a
about
1.12%.
issue
the
These
due
are
&
was
received from Cal¬
Canfield,
at
1%%, at
a
City,
Okla.
Bond Election Planned—An is¬
of improvement bonds in the
amount of from
$15,000,000 to
$30,000,000, will be submitted to
the voters some time in Novem¬
ber.
"
'
Yv
!///•/.''
Tulsa County (P. O.
Oklahoma
Tulsa),
voters
the November election.
I
Bond Issue Approved—On Sept.
18, the Post-War Planning Com¬
mittee approved for submission
to
Truro
the
voters
issue
an
of
county
road and bridge bonds to be used
Township (P. O.
wj-Reynaldsburg), Ohio
on
a
project to cost $1,750,000.
ycpnstruction
to
bonds
the
voters
will
OREGON
be
the
at
Cutler City Water Dist., Ore.
Bonds Sold—An issue of $6,000
November election.
University Heights Sch. Dist.
(P. O* Cleveland Heights), Ohio
Election
Bond
$600,000
An
—
construction
issue
bonds
of
will
be submitted to the voters at the
general
election
to
be
held
in
November.
improvement bonds Was awarded
recently to the State Bond Com¬
mission, as 13/4s, at a price of
Township Sch. Dist.
(P. O. Dayton), Ohio
con¬
voters
July 25;
the
November
election.
at
are
the
the bonds
au^
election held
on
The next highest bidder
the First National
Sheridan,
for
2s,
at
100.11.
Shelby, Ohio
T
County Sch. Dist. No. 71
(P. O. Salem), Ore.
Bond Sale Details
—
school bonds awarded
The
on
$5,000
Aug. 27
to Mr. W. M.
Siegmund, of Salem,
Washington Township Sch. Dist.
as ^^s—v. 162, p. 1038—were sold
(P. O. Dublin), Ohio
Bond Election
An issue of at a price of par. Dated Sept. 1,
1945.
Denomination $1,000. These
$100,000 war memorial construc¬
—
bonds
the
voters
will
election.
at
-
be
submitted* to
the
k
November
bonds
are
'' *
Township Sch. Dist.,
(P. O. Scott own), Ohio
due
$1,000
on
Dec.
1,
from 1946 to 1950, inclusive.
Yellow Springs, Ohio
Bond Election—An issue of;$6,000
storm
sewer
Bonds
Sold
—
The
Election—Aii
issue'. of bonds will be submitted to the
hospital bonds voters at the November election.
i
amounting to $300,000
will be
Zanesville, Ohio ,•
placed on the ballot at the general
Bidders
The following is a
election to be held in November.
Bond
•
—
complete list of the bids received
Shelby School District, Ohio
ipsue of
$50,000 construction bonds will be
submitted, to the voters „at the
Election
—
An
November election..
for
the
$35,0CC
refunding bonds
Sept.
20
to
Fox,
Reusch & Co. of Cincinnati, as re¬
ported in our issue of Sept. 24—
v, 162, p. 1446:
awarded
on
from 1947 to 1966.
78,000 sewer bonds. Due
on
Aug.
15, from 1947 to 1966.
The
following bonds amounting
$122,000 also offered for sale
Sept. 18—v. 162, p. 1335—were
to
on
and
block assessment plan,
1; $100,000 veterans' cem¬
etery,
series
2,
and
$100,000
bridge, series 2, bonds.
V
series
/ The
next
highest bidder > was
Halsey, Stuart & C04 Hallgarten
& Co., Hornblower & Weeks, First
of Michigan Corp., Harvey Fisk
& Sons, and Dolphin &
Co., joint¬
price of 100.539.
a
were
follows:
as
Price Bid
1%% Bonds
> *
Mellon Securities Corp:,
-'<•>" 4
Pittsburgh*
'
Mellon National Bank,
v.
Pittsburgh,
Bankers Trust Co.,
•
New York,
Drexeh & Co.,
*J " 1 *
R. W. Pressprich &
Co.,
/
:
E. W. Clark &
Co.;
*
f
:
Shields & Co., and
M-M.
Kean, Taylor & Co.,
r~
jointly
1_100.379
Shields & Co.,
Spencer Trask & Co.,
Laidlaw & Co., and
Atkinson-Jones & Co., t
/jointly,
■
-
$1,000,000, Is
99.57
;
—
Bankers Trust Co.*
New York, and
Brothers
.
Harriman
Co., jointly*
•
For $1,000,000, Is
Harris
Trust
series
bonds. Due
A,
on
A. Webster
Commerce Union Bank,
Nashville,
Rambo, Keen, Close &
Kerner,
Bioren & Co., and
Sheridan, Bogan Co.,
,
For
$600;000, 34s, and
$400,000, Is _________>_/ 97.758
States
First National Bank,
Portland, and
Blyth & Co., jointly,
•,
;
;
.
$1,000,000, Is
storm sewer
Aug. 15, from
'
&
i;
\
•
-h\
*;•
-
_____Ll00.06
Curtis, jointly
li/2% Bonds fi
;
Chemical Bank & Trust
Salomon
York,
'
St
Bros.
Hutzler/'
Northern Trust Co.,
Co., and
V//?
„
^
Chicago,
Moncure Biddle &
98.875
For,$1,000,000, Is
Co., .£/1
Mercantile-Commerce Bank
& Trust Co., St. Louis,
v
Braun, Bosworth & Co.,
Inc., and
*
' '
...
Stroud & Co., jointly __ 100.422
,
.
9^.4Clj
Chase National iBank,
,.v
kNew York,
Pittsburgh,
Glore, Forgan & Co., and
Foster & Marshall, jointly,
First Boston Corp.,
$1,000,000,1Y4S -—100.811
Smith, Barney & Co., -' -;
Harriman Ripley & Co.,
Inc., *• and c/k:
k;
Mercantile-Commerce Bank
& Trust
Co., St. Louis,
jointly,
'
For $1,000,000, Is
'98.1499
=
and
Harris Trust & Savings
Bank, Chicago, and
First National Bank,
Pittsburgh, jointly
k,,
100.409
Millcreek
,
•-
:k
E. M. Adams & Co.,
jointly,
$1,000,000, Is
98.12
~—
Township Sch. Dist /■>;
(P. O. R. F. D. No. 2, Erie),
Pennsylvania
u /
Bond Offering—E. E. Cook, Sec¬
retary of the Board of School Di¬
rectors, will receive sealed* bids
until noon on Oct. 2* for the 'pur¬
'
chase
of
$55,000
funding
coupon
bonds, at not exceeding 2% in¬
Dated Oct. 1, 1945. De¬
terest.
nomination $1,000.
Due Oct. 1, as
$3,000 in 1947 to 1964,
and $1,000 in 1965. Registerable as
Bond Call—H. C. McCrea, City
to
principal only. Bids will be
Treasurer, calls fcr payment on received for the entire issiie at
any
Oct. 15, the following general re¬
one rate
of interest but/ no bid
funding improvement bonds ag¬
combining two diff^ent rates of
gregating $48,923.35:
interest
will
be
accepted.
The
Reedsportt
Ore.
1 to 40.
I
11,500.00 Series A bonds, Nos. 1
:
to 23.
17,423.35 Series B bonds, Nos. 1
Dated Oct. 15,
follows:
bonds
and
the
£
interest
thereon
will be payable without deduction
for any tax or taxes, except suc¬
cession or inheritance taxes, now
or
hereafter
levied
assessed
or
thereon under any present or fu¬
to 35.
1941. Denomina¬
ture/law of the Commonwealth,:
all of which taxes the ^District
$500, except one bond of
assumes and agrees to pay# These
Series B, which is for $423.35.
Said bonds with all coupons at-: obligations will be payable from
tached will be paid at par and ad valorem taxes within 'tile tax¬
accrued interest to Oct. 15, 1945.
ing limits imposed by law! upon
Interest ceases on date called.
tion
school districts of this class,
PENNSYLVANIA
Allegheny County (P. O.
Pittsburgh), Pa.
Bond
Sale—The following cou¬
semi-annual bonds amount¬
15,000 series A, sewage disposal ing to $1,500,000, offered for sale
plant enlargement bonds. Due on Sept. 25—v. 162, p. 1335—were
on Aug. 15,
from;1947,to 196.1* a^v^rded to a syndicate composed
1947 to 1966,
•
Blodget, Inc., and
Paine, Webber, Jackson
99.07
Corp.,
-!<
;
Co., New York,
Halsey, Stuart & Co.,
Blair & Co., Inc., and
C. F. Childs & Co., jointly,
For
.i*-.
r
Stone & Webster and
For
^
Weeden & Co.* jointly,
For $1,000,000, Is ——
For
*
'
Co.,
Phelps, Fenn & Co.,
■.
.
Guaranty Trust Co.,
New
/
—100.27-7
,
Estabrook &
National
Bahk, Portland,
Coffin & Burr, and
Harris, Hall & Co., jointly,
For. $1,000,000, Is
99.1981
For
—
•
.
/
City Bank,
York,
New
Chicago,
United
jointly
/
>
National
First National Bank,
tional Bank, of Portland:.
$107,000
Glore, Forgan & Co.,
Dougherty & Co.,
99.17
&
Savings
Bank, Chicago,
Northern Trust Co., Chicago
//and
'
3
Daugherty, Cole & Co.,
/ jointly,
; 5 '
'
'
awarded to the United States Na¬
•
lot
For
Higginson Corp., jointly,
$1,000,000, Is —99.65
following
bonds
construction
park, series 14; $300,000 airport,
8; $400,000 road, series 52;
$100,000 road, series 53;V$150,000
series
Bidder
For
For
as l%s, at a price of 100.641,
basis of about 1.295%;'
$350,000
ly, for l%s, at
■
$20,000.00 First Issue bonds, Nos.
Medford, Orei
Windsor
tuberculosis
Bond
Lee
a
Other bids
Bank, of
a price
of First Boston
Corp.,
^ \ •• ;/■/:
Salomon Bros. & Hutzler,
Marion
bonds
at
These
100.22.
thorized
was
Van Bur en
:
and
Mellon Securities
•Bond! Election—An issue of $20,f
-Price Bid
Bank,:
R. W. Pressprich &
of
$50,000 park improvement bonds
be
20—v.
sue
Toronto, Ohio
will
Sept.
on
$1,500 in 1948 and
1949, and $2,000 in 1950. The next
highest
bidder
was
C.
Edgar
Honnold, of Oklahoma City, for
134s, at a price of 100.225.
An¬
Wm. C. Seufferle & Co.,
fol¬
as
Braun, Bosworth & Co., Inc.,
1
$5,000
bonds
equipment
sale
National
as
basis
a
Oct., 1,
on
were
Fenner & Beane,
Brown
Dist., Okla.
issue
1446—was awarded to the
p.
mature
offers
phia,
.
Bond
price of 100.137.
101.08
bonds
Other
Merrill Lynch, Pierce,
water
Manchester
as
net in¬
Dated
Denomination $1,000.
National City
;
New York,
16:
sewer
Oklahoma
Union
an
Oct.
on
aggregating $103,000, of¬
mitted to the voters.
Bond Election—An issue of fered for sale on Sept. 18—v. 162,
Salem Sch. Disti, Ohio ;;x/ - construction bonds amounting to p. 1335—were awarded to AtkinBond Election — An issue of $25,000 will be submitted to the ^on-Jcmes & Co., of Portland:
school purpose bonds amounting voters at the general election to $25,000 series A, park improve¬
ment bonds: Due on Aug. 15,
to $206,995 will be submitted to be held in November.
v
the voters at the November elec¬
These
>
The following
submitted to the
vert
improvement bonds will be sub¬
tion.
Oct. 1, 1945.
-
^
Bond Election
a
lows:
water
sewer,
Commission,
price of 99.5204,
Bidder/
meeting,
discussed
voters
Cincinnati,
Crouse, Bennett, Smith & Co.,
jointly
a
terest cost of about 0.80%.
Irving Co.,
Bond ^Election Discussed—At
other bid
tion
Election—At the general
election to be held in November
Bond
an
5c
OKLAHOMA
amounting
to
$650,000 will be submitted to the
tation bonds will be submitted to
,
to the State Bond
1955.
Fifth-Third Union Trust Co.,
struction
$850,000 construction and rehabili¬
the voters at the general
in November.
•"k
288.00
1%%
Tresch
offered
1%%: Bonds
Bond Election—An issue of
Township Sch. D'tst. (P. O.
Canton), Ohio
Bond
^
■"
supervision of the County Auditor.
Plain
aggregating $1,000,000, offered for sale on Sept. 21
—v.
162, p.- 1223—were awarded
Provident
Savings Bank St
Trust Co., Cincinnati, ,
Van Lahr, Doll & Isphording,
Weil, Roth & Irving Co.,
Seasongood & Maye
Pohl & Co.,
Assel, Kreimer & C]
Roose & Co.,
jOint^-^T—. 100.27
bonds
.
.
Chicago
was
Fund, the Village shall call said
bonds
,
•_
recent
Fahey, Clark & Co.,
McDonald & Co., and
Merrill, Turben & Co.,
jointly
.-J- 100.38
submitted
of
to
319.00
fare
iy2%
&
Toledo
The rWeU, Roth
Cincinnati
Arthur
415,00
Co.,
lVk%
Ada, Okla,
PriceBid
$15,000
Heights, Ohio
Tenders Wanted
Council
Trust
•
iy2%
V/2% Bonds
Ohio Co. of Columbus,
Otis & Co.,
Q00
Parma
&
Kreimer St Co.,
and
Painesville Sch. Diet., Ohio V.
ber
Bond Sale—The Veterans' Wel¬
1 y2 %
Savings
of Pittsburgh, and W. H.
Newbold's Son & Co., of Philadel¬
ner,
Oregon (P. O. Salem), Ore.
465.50
Cincinnati
Ryan,
'
17.00
Co.,
Cincinnati
Assel,
p.
Bidder
November election.
Bond
&
highest bidders
were
of Harriman Ripley &
Co., Inc.,
Portland,/ Peoples - Pittsburgh Trust Co.,
$103,000, and Daugherty, Cole Graham, Parsons & Co., of Phila-'
Co., for $122,000.
delphia, Singer, Deane & Scrib-
-
•
,
;8
Ohio
>
—
Bosworth
"
November election.
Bank,
:^icsvme
Provident
Toledo, Ohio
Newark, Ohio
Bond
Citizens National
'
next
the First National Bank,
for
&
Vk%
—
Braun,
$38.50
Co.,
Toledo
November;
Prem.
iy4%
:
White Si
A.
—
be submitted to the voters at the
The
Int.
FOa, «tusch Company,
156$
pon,
v
bonds
to
th6
after
the
will
purchaser
be
delivered
only if
and
-
These
proceedings authorizing the issue
have
been
approved by
the; De-**
partment of Internal Affairs.
En¬
ior
2%,
close
a
certified
check
payable to the District Treasurer,
THE COMMERCIAL & FINANCIAL CHRONICLE
TS66
Philadelphia, Pa.
$2,500,000 semi
'i
Bond Sale—The
annual
city
(electoral) bonds of¬
25—v. 162,
fered for sale on Sept.
1038—were awarded to a group
composed of the Chase National
Bank of New York, the Bankers
Trust Co., the Chemical Bank &
Trust Co., all of New York, Moncure Biddle & Co. of Philadelphia,
p.
Higginson Corp. of New
Lee
the
York, the Commerce Union Bank
of Nashville, Paul H. Davis & Co.
of
Chicago,
and , Laurence ■* M.
Marks & Co. of New York, as y2s,
.
100.339, a basis of
about 1.975%. Dated Oct. 1, 1945.
Due on Oct. 1, 1995, and redeem¬
able at par and accrued interest
on and after Oct. 1, 1964.
at
f
price of
a
Additional Bond Sale—The $2,-
Bank,
York
New
City, against delivery
of said bonds with Dec. 1, 1945,
and all subsequent coupons at¬
tached.
Interest
ceases
date
on
called.
J
t
;
OAKOTA
SOUTH
Lemmon, S. Dak.
Offering—E. W. Cornish,
Bond
City Audtior, will receive sealed
Oct. I, for the
purchase of $25,000 1%% street
improvement bonds.
Denomina¬
tion $1,000. Due Jan. 1, as follows:
$2,000 in 1948 to 1952, and $1,000
in 1953 to 1967.
These are the
bids until 2 p.m. on
bonds
held
authorized
election
the
at
'
and after
1964. No other bid was
received on this issue.
Second best bid received for
the electoral issue was an offer
of 100.20 for 2s, submitted by the
City Sinking Fund. Runners-up
1,
the
in
bidding
were
follows:
as
>National City Bank,
New York,
Harris Trust & Savings
,,
•
Bond
awarded
on
161,
v.
2V2S, at
of
June 5 to the Farmers
Denomination
bonds
due
are
June
on
These
$500.
1,
from
Sept.
$100,000 high¬
offered for sale on
162,
1040—were
p.
& Co. of
awarded to C. H. Little
Jackson, and the Union Planters
National
Bank
&
Trust
Co.
of
jointly, as Was, at a
price of 100.05, a basis of about
1.241%. Dated Oct. 1, 1945. These
bonds are due $25,000 annually
Memphis,
from 1953 to 1956 incl.
Nashville, Tnn.
•
Sale—The $300,000 cou¬
semi-annual* airport bonds
offered
Biddle, Whelen & Co.,
&
Beane, and '
(\Y. H. Newbold's Son & Co.,
101.529
RICO
Rico
Housing Authority
Housing
Unit
Notes
Awarded—The
following tempo¬
rary loan notes aggregating $2,289,000, offered for sale on Sept.
25—v. 162, p. 1336—were awarded
for
sale
Sept. 25—v.
162, p. 1223—were awarded jointly
to
the Harris Trust & Savings
Bank of Chicago, the American
National Bank, and J. C. Bradford
& Co., both of Nashville,
at a
price of 100.03, a net interest cost
of
about
1.27%, on the issue
divided as follows: $30,000 as 3s,
due $10,000 on Oct, 1 in 1946 to
1948; the remaining $270,000 as
lV4s, due on Oct. 1, $10,000 in
1949 and 1950; $11,000,
1951 to
1955; $12,000, 1956 to I960; $13,000, 1961 to 1965, and $14,000 in
on
to the Chemical Bank & Trust Co.
1966
of
joint offer by the* Union
Corp., and Blair & Co.,
Inc., of 100.049 for $61,000 as 3s,
and $239,000 as ,.l%s.
Third best offer was a joint
bid by the First National Bank,
and Martin, Burns & Corbett, both
of Chicago, of 100.09 for $165,000
as 1V2S, and
$135,000 as IV4S.
York,
Mayaguez,
notes.
1,430,000
Due
Due
on
Rico
Puerto
Puerto
Rico
Nov. 2, 1946.
V The following temporary loan
notes of Puerto
Rico, aggregating
$4,011,000, also offered on Sept.
25—v. 162, p. 1336—were awarded
to the Banco Popular de Puerto
Bico, at 0.53%: $1,000,000 Ninth
Series; $1,000,000 Tenth Series;
$1,000,000 Eleventh Series, ^ and
$1,011,000 Twelfth Series notes.
Due
on
Nov.
2, 1946.
The
Con¬
tinental Bank & Trust Co. of New
York, is the
.these notes.
was
to
1970.
Second
best
bid
a
Securities
Nov. 2, 1946.
on
Ponce,-
notes.
?
associates, at
..-.V
$859,000
*
and
paying
for
agent
TEXAS
Aldine
Indep. Sch. Dist. (P. 0.
Box 487, Houston),
to the voters at the election to be
held on Oct. 9.
:
,
may
the voters
©00
an
-'
Superintendent
receive
on
sealed
Oct.
of
Schools,
bids
2, for
school
Courtney,
until
will
9
p.m.
the
purchase
house bonds,
of
1970 to
1973, $13,000 in 1974, and
$14,000 in 1975. These bonds were
These bonds mature
par
It is
Board
>
bonds
;
-
works and war works extension
refunding bonces dated Dec. 1,
I, 1960, at
election held
on
chaser.
$100,-
calling
Ded 1, all outstanding water
1937.
an
issue of about
improvement bonds.;
bids
no
on
Dec.
and accrued inter¬
on
were
-
County (P. O. Beeville),
Texas
Election
Bond
issue
An
—
of
county bonds amounting to $750,000 will be submitted to the voters
election
the
at
Oct.
to
held
be
on
to
issue
Held—An
the
the
at
voters
Sept. 21.
on
Christi
Sch.
Indep.
Dist.,
Texas
Election Planned—An
Bond
is¬
of construction bonds of about
$1,500,000
will
at
voters
held in the
submitted
be
election
an
near
to
to
be
future, it is said.
Indep. Sch.
awarded
and
Texas
Dist.,
earlier
Dallas Union
the
$350,000
the
in
Trust
year
Co.
Denomination $1,000. All of the
are dated March 1,
1945.
of
the intention
Trustees
at the
that will
imately,
lowest
sell
the
interest
cost
to
bring a price of approx¬
but not less than, .par
and accrued interest.
required to
bination
of
name
two
Bidders
the rate
rates
interest.
are
or com¬
with
bid which is nearesit !!par
crued
of the
their
and ac¬
Any rate or rates
furnish
can
needed
facilities
bond
-
New- York
Citizens
issue
while
Bank
extended
additional
the
tax..
saving
10%
years.
through
income
'•
Six
States
York,
Dakota, North Carolina,^
Oregon and South Carolina.
Colorado
enacted extensive
leg¬
islation regarding deductions
for
depletion of physical property. Its
40% depletion allowance was
ex¬
Redemption Notice Cancelled—
It
is
stated
by B.
F. McKee,
County Auditor, that the call for
payment on Oct. 1, of Road Dist.
No. 1, Series 1941-B, 3 Vz-%, bonds
maturing April 1, 1966, and sub¬
sequently thereto, and of County
Road and Bridge 2Vz% warrants,
Nos. 165/216, maturing April 15,
1951 to 1953, called for payment
on
Oct. 15, of Hidalgo Co., has
been cancelled.
tended to include certain
mineral
substances which had not been
included previously.
In addition,
Colorado
allows
taxpayers
to
amortize bonds or premiums
paid
on bond
purchases and to deduct
that portion from
gross income in
paying normal and surtaxes.
New legislation in North
Dakota
permits
Bonds Voted—An issue of $40,-
system and water bonds
favorably voted at the elec¬
sewer
was
on
-Sept. 13.
Election
voters
the
at
cluding
Held—The
fol¬
held
election
on
bonds.
of
in
new
deductions
are
Nofth Carolina, in¬
deduction
.
spent for medical
of
amounts
and insur-,
care
not
exceeding 5% of net inand deductions
by railroads
of
Sept. 11: $50,000 swimming pool
construction, $50,000 street pav¬
ing, and $25,000 street repairing
special rents paid because
loans by State and
Federal
<
of
gov¬
ernments
if
the
State
the
owns
%
majority
the
of the capital stock, of
railroad. New York allows
some
special deductions
franchise tax.
for
£
its
Deductions not to exceed
5% of
income for corporations con-
^
*
net
Local
Well
permited
come
lowing revenue bonds amounting
to $125,000 were submitted to the
of net
losses
from prior years. A
over
long series
ance
Sulphur Springs, Texas
Bond
deduction
carried
Petersburg, Texas
tion held
.
North
Hidalgo County and Road Dists.s
(P. O. Edinburg), Texas
Bond
1944
Over
of)
Up
Registrations
bond
Local
—
tributing to
subdivisions,
Red
Cross
tions
the
State,
State
and
political
institutions,
similar
-
:
s
organiza¬
are
permitted by recently
legislation in South Car¬
Oregon allows a
registrations with the State Comp¬
enacted
troller's office
olina.
indicate
consider¬
able post-war expansion.
During
-State's
fiscal
year ^which
ended on Aug 31, $80,937,482. of
the
bonds
R.
two
1948
to
El Paso, Texas
Offering—G.
for- another
extended
of
Crosbyton—v. 161, p. 712—were
sold at par. These bonds are dated
Jan. 1, 1945.
Bond
by
V
•
the
Massachusetts
for
held bonds.
Texas (State
National
extended
extended
granted additional
$90,000 * interest; charges tax
reductions under terms of newthrough refunding of its State-1
legislation: Colorado, New
Texas
jail refunding bonds awarded
was
.
Latin-American students with the
Daniels,
were registered
compared
$29,149,433
registered
m
1944. Of the 1945 total, refunding
with
payment to
;.je
deduction,
trust which is to be
used
exclusively in the State for
a
educational
loans
or
made to particular
the basis of need
grants
,
not
individuals oh
or
merit.
In
allows as a cor¬
tax
addition, Oregon
City Auditor, will receive sealed
bids until 10 a.m. on Oct. 18, for bonds totaled $17,403,123; school poration
excise
deduction,
bonds,
$17,270,000, .and .school contributions or
$350,000 highway
gifts to the Fedrright-of-way
coupon
bonds,
to bonds, refunding $3,161,650. Wat¬ eral Government/State, or politi¬
erworks
system revenue bonds cal subdivisions for
bear not exceeding 2%
interest.
exclusive pub¬
lic purposes.
Dated Dec. 1, 1945. Denomination totaled $16,000,000. Issues amount¬
ing to $3,800,000 were recorded
Changes in exemption laws for
$1,000. These bonds are due on
Dec. 1, as follows: $25,000 in 1947 J for flood control; $4,935,000 for
dependents will go into effect in
road and road districts; $3,660,- four
to 1949,' $30,000 in
1950 to 1952,
States—Alabama, California,
$35,000 in 1953 to 1955, and $40,- 994 for street improvements: $2.- Maryland and North Dakota—as a
J
000 in 1956 and 1957. Rate of in¬
150,000 for court house and jail result of recent legislation.
-"
terest
e in multiples of I Va
AJabama allows $300 exemption
of improvements and construction,
interest rate bids will and $1,600,000 for navigation dis¬ for'each person, other than
1%.
hus¬
be
d.
City refunding accounted band or wife, who is
Principal and in- tricts.
dependent
for
terest
$5,796,500 of the refunding upon the taxpayer for over
yable at the Chemical
half
his
Trust
Independent school of
Co., New York.: bond total.
support.
California
in¬
the purchase of
.
,
■
These
bonds
authorized
were
at
Aug. 25, 1945.
on
issued
districts
common
creases
'JJJ?
$2,000
$851,000.
par
and accrued interest.
Bidders must furnish their own
legal. opinion
and
blank
'
bonds.
A certified check for
$10,000, pay^
able to the City Treasurer, must
accompany
Fort
bid/
Worth
Bond Election—An issue of
—
con¬
bonds
amounting
to
$2,500,000 will be submitted to the
at the
election
Oct. 2. -
.
.
,
to
be
Wichita
Falls Indep. Sch. Dist.,
Texas
t
Refunding Permission Rejected
The State Board of Education
held
recently decided against granting
r
permission to the
a.b°ye
to refund bonds held
Quanah), Texas
manent School Fund.
.
Bond
and
Sale Details—The $41,000
of 1945, semi-annual road
bridge
awarded
to
/
refunding
R.
.
A.
bonds
Underwood
&
cation to
bonds
Fund
upon
call
held
was
of
62—were sold at a price
of par, for $10,000, as l3/4s, and
$31,000, as 2s."
Dated June
15,
Legality approved by Mc-
Call, Parkhurst & Crowe of Dallas.
$1,471/000 of 3%
by
the Permanent
unanimously denied,
He
Groveton.
162,
p.
m
unsound
involved,
said
the
investment
only
the
bonds
bearing
c«nn
question
not
was
districts
sire to save $105,000 by
with
olr'
by the Per¬
The appli¬
motion by .C. C.
Co.,of Dallas,-as l%s and 2s—v.
1945.
the allowance for de¬
pendents from $440 to
$400. North
Dakota is
increasing the credit for
from " $200
Corporationtaxes
/a'";;;
de¬
r®^dl."g
lower m-
a
terest rate.
'v/',
-
to
were
$500
,
ex¬
tended by New
York and Pennsyl- '
vania. New York
extended the
6%
business Corporation
franchise tax
to Apr. 30, 1947.
Pennsylvania ex¬
tended the 15% credit
on
the
amount
of
corporation
income
taxes to be paid for
years begin¬
ning before Jan. 1, 1947.
A tax was levied
come
of
savings
Arizona.
building
and
loan
The
t:/
on
the net in¬
loan and
and
associations by
tax
rate
of
•
,
are
'
5%
applies to income,
including inter¬
est on bonds and
other securities
issued by the
Federal Govern¬
ment, the State or
any political
subdivision.
T
»,
-Refund
of
corporation
taxes
where losses
lill
.
reducing
bids
e
Hardeman County (P~ O.
series
No
were
received* in regards to .the
offering on.Sept. 22 of $17,000 re- dependents
funding bonds, not exceeding 5%;
interest,
struction
voters
Received
Bids
Texas
'
,
Indep. Sch. Dist.,
Upshur County, New Diana
Community Sch. Dist. No. 19
(P. O. Gilmer), Texas
No
personal exemptions from
$3,000 for single, and
to
from $3,500 to
$4,500 for married
persons after Dec.
31, 1944, and
before Jan.
1, 1947.
Maryland is
bid will be considered at less
than
on
school districts
.,v
tax
increase
Massachusetts.
,,
Bond
the
Personal income tax reductions
extended by two StatesNew York and
California—and a
;
were
Mr. Greenwood said his district
Crosby County (P. O. Crosbyton),
Sale Details—The $19,000
semi-annual court house and
;
personal or corporation in¬
altered their tax laws dur¬
25%
the school system on a solid foot¬
tax reduction on
personal incomes
ing. Inflated values in past years,- and
net capital gains.
The reduc¬
coupled with the depression, has tion
in personal income tax
rates
caused Harlingen bonds to be re¬
enacted in California in
1945 was
funded several times, he said.
1
1950, inclusive.
bonds
':f\i.-y:'
Income
Sessions-—
ing recent legislative sessions, the
Federation of tfaX Administrators,
reports. •:
-
,
125,000 1V4 % school house bonds.
Due on March 1, from 1951 to
1955, inclusive.
100,000 \lk% school house bonds.
Due on March 1, from 1956 to
1960, inclusive.
Alter
comes
5s and $261,000 3%S
presently held by the Fund. The
district held an election Sept. 29
yn a proposed issue of $320,000
bonds for new building purposes.
R. G. Greenwood, representing
the district, said that the bond
exchange was necessary to put
000
$125,000 Wz% school house bonds.
Due on March 1, from 1946 to
3%
tax
will
of
cost of 1.334%:
States
in*Recent
Laws
Kf
■<>
Nineteen of the 34 States which
Permanent
district
for $210,000
161, p. 1367—were sold
price of 100.333, a .net interest
a
refund
to
the
The
Tax
issue new' 3% bonds in exchange
Dallas—v.
at
District
by
v'y.United States
Numerous
permission recently
Fund.-
UNITED STATES
VV
street paving bonds was
held
election
Corpus
Texas
Election
Bond
of $25,000
submitted
the
Granted
about
Bishop,
sue
held
icnool
new
6.
June
be held to submit to
Bond Call—The town is
,
Bee
16, by a vote of 36 to 24.
Principal and interest payable at
the place preferred by the pur¬
Indicated —An
North, S. C. '
*jt*>n
received.
No
Bond Offering—L. C.
authorized at
Gaffney, S. C.
election
17, for which
July
'
the bonds offered
the election held
Texas
$300,000
at
exceeding 3% interest. Dated
Nov. 1, 1945.
Denomination $1,000. Due Nov. 1, as follows: $8,000
Anderson, S. C.
in ^46 to 1952, $9,000 in 1953 to
Bond
Election—An
issue
of
$100,000 city hall, airport and 1958, $10,000 in 1959 to 1S64, $11,abattoir bonds will be submitted ht)0 in 1965 to 1969, $12,000 in
Election
District.
are
Permission
.
Route 2,
not
SOUTH CAROLINA
Bond
the
to
These
Bond
pon
Merrill Lynch, Pierce, Fenner
New
able
to
Sale—The
21—v.
It is
him.
to
Bond Sale Details—The follow¬
County (P. O. Jackson),
bonds
way
Yarnail & Co.
v©.72%:
without cost
Crane
Tennessee
E. W. Clark & Co.,
Local
$2,000
bonds
funding
2498—were sold as
price of 100.50, a basis
2.38%.
Dated June 1,
about
1945.
1
PUERTO
chaser
anticipated that delivery can be
effected Nov* 10, 1945.
Enclose
a certified check for $6,000, pay¬
p.
a
Bond
Co., Inc.,
Smith, Barney & Co.,
Kidder, Peabody & Co.,
Mellon Securities Corp.,
Pittsburgh,
. <
• •
Graham, Parsons &, Co.,
Puerto
bonds
proceedings, the approving
opinion of J. P. Gibson, of Austin,
or of Chapman & Cutler of Chi¬
cago, and will deliver the bonds to
the bank designated by the pur¬
ing bonds amounting to
Drexel & Co.,
Harriman Ripley &
jointly,
For $2,500,000, 2V4s
cation granted
to the above
Refunding
Alternate
& Merchants Bank of Watertown
Madison
100.38
$2,500,000, 2%$™^
5-year option. The District will
furnish the printed bonds, a copy
TENNESSEE
Bank, Chicago,
W. Pressprich & Co.,
Union Securities Corp.,
New York,
,"Weeden & Co.,
Butcher & Sherrerd,
,W. E. Hutton & Co.,
Illinois Co., Chicago, and
John Nuveen & Co., jointly,
!
and
1947 to 1953.
R.
For
Details—-The
Sale
refunding
t
<
—The Texas State Board of Edu¬
1%.
bonds will be sold to
The
semi-annual city (non- par and accrued interest. The
electoral) bonds offered for sale highest bidder may take all or
part of the issue. If part is taken,
on the same date—v. 162, p. 1038
—were
purchased , by the City the balance will be offered to the
Sinking Fund as 2s, at a price of next highest bidder and so on
until all of the bonds have been
100.163, a basis of about 1.99%.
Dated Oct. 1, 1945. Due on Oct. sold.
1995, and redeemable at par
Wallace, S. Dak.
and accrued interest on
Harlingen Indep. Sch. Dist., Texa* lW-
multiples of
• proposals
will be considered on bonds with
the highest bidder at not less than
'450,000
Oct.
in
be
must
of
Vs
Aug. 21, by a vote ot 161
on
76.
to
named
of the
National
Chase
the
at
est
Monday, October 1, 194S
incurred through
/
Z'lj
.
'
;.
:
v
.
*
Volume
contract
THE COMMERCIAL & FINANCIAL; CHRONICLE
Number 4425
162
renegotiation
by
the
is allowed
•
Government
Federal
Maryland. Oregon
by Oregon and
allows for credit and refund of
corporation excise taxes and per¬
sonal income taxes where tax¬
payers have not been given full
cyedit on war contract renegotia¬
tion
Maryland aiso permits re¬
funds; of taxes
paid on; income
the
with
contracts
from
through; renegotiation.
; "
Wisconsin, Maryland and North
^ Carolina are exempting from tax¬
ation money paid into employee
pension trust funds by employers.
Pennsylvania) imposed/a 4% of,
net income tax on co-operattive
the
associations for
privilege - of
doing business or
having capital stock or property
employed in the State.
A
tax
of
income
the
In our issue of Sept. 24, page 1447, we presented a reviews of the
financing negotiated by States and other public bodies during the
of August.; The record disclosed that the volume of bonds
month
sold
Domestic
Page p?
1220
Acadia
Allouez,
822
Ardmore,' Okla.
928
;Ardmore^Okl«;^^^--^4i^^7iI.4()-
collec¬
tions showed a record total of $5,-
in 1945, a * 1.9% in¬
crease from
1944, the Bureau of
the Census reported on Aug. 30.
J. C. Capt, census director,: said
that gains during the year in re¬
ceipts of several important state
500,000,000
taxes
.
offset
than
more
losses
and other revenues,
income taxes
1035
alcoholic
Cameron- Parish S. IX
Cass
724
1040
No.
927
821
Contra Costa County,
Union S. D., Cal
111.
,
Converse
Cordell, Okla.
928
822
Cordell, Okla. Cordell, Okla.
Cuyahoga County,
928
School
100.15
1.41
100.03
Dallas,
712
1.97
•
19657
d4,000
f 1946-1951
1946-1965
____1'A
1958-1963
1959-1962
1946-1962
McLeansboro
0.797
1037
Maddock, N. Dak
___—
Ohio
would'
have
for
but
de¬
sub¬
a
_
-—
Tex.
Tex.
various
1
1
65,000
12,500
22,500
rl,625,000
1948-1955
1946-1950
1946-1965
D.
927
•
822
927
724
822
927
1039
Marion
Marion
Twp.
Marion
York
New
State,
in
taxes
the states $350,000,000, or 1.8% more than the $316,000,000 total last year. Unemploy¬
ment compensation taxes declined
5%, from $1,319,000,000 in 1944 to
$1,254,000,000,
since the tax
and
the
decline
first
levied
was
in
1936.
receipts taxes
$2,272,000,000,
compared with $2,160,000,000 last
year.
Tobacco sales taxes, how¬
ever, declined
from $160,000,000
in 1944 to $145,000,000.
increased
gross
5.2%
to
abundant
but
mostly
supply
to
an
dealers'
o n
shelves and to the
anticipation of
offerings of large amounts of new
issues which are mentioned by the
press.
However, many of these
issues Will never even reach the
the
instance, a Citizens
Planning Committee has
general obli¬
from $721,000,000 in 1944 to $775,- gation bonds—$20 million for air*
port expansion and the balance,
000,000.
Gasoline taxes turned upward $75 million, for numerous other
Los
Angeles
City,
for the first time sinc*e 1941, total¬ projects.
ing $701,000,000, compared with County, Flood Control Districts,
etc., have put forth estimates that
$609,000,000 in 1944. Despite the
racing ban, pari-mutuel receipts total some billion dollars, but the
rose
25%
to
$55,000,000,
with projects represent merely engi¬
gains
reported
by
New
York, neers' dreams and hopes and not
California, Maryland and Mich¬ a community's needs.
Tax exempt bonds have receded
igan. ^Alcoholic beverage taxes
rose
15.4% to $308,000,000.
to
a
level
where
they should
Motor vehicle registrations de¬ attract almost anyone in a high
clined only slightly to $383,000,000 income tax bracket; for instance,
compared with $384,000,000 last a 1.75% yield from a tax exempt
General
sales
taxes
7.5%
rose
*
and
sev¬
miscellaneous
and
Maximum
Unemployment
Benefits
Increased
—
Maximum
In¬
By
unem¬
ployment insurance benefits were
increased by 25 States and maxi¬
mum
duration
benefits
length¬
ened by 28 this year, the Council
of Stated Governments reports. >»
Financial condition of State
un-
•ploymeiit compensation funds has
improved considerably during re¬
cent years, having reached a to¬
tal
of
nearly
$7,000,000,000
at
present compared with less than
$2,000,000,000 in early 1941.
Municipal
Market
following
for
Discussed—
comments
are
taken from the bulletin issued
on
Sept. 17 by Heller, Bruce & Co.,
of San Francisco and New
individuals
bracket
tax
from
imposts showed gains.
States
bond
a
is
the
obtainable
food for
the
as
75%
7%
bond
taxable
certainly 7%
not
in
same
or a stock,
and safety are
today—at
least
^
the
cities'
share
of
liquor
profits, or liquor taxes.
Eight
cities V received
their
money from licenses which
the
States levied ufid
collected but
shared with the cities. In Detroit,
example, ^85%
collected by the
of the money
State from liquor
York: licenses was remitted to
101.68
1.58
1947-1965
2,143,000
101.68
1.58
100.012
1.998
1946-1965
r42,000
102
1.82
100
1.75
1946-1959
32,000
d60,000
;
42,000
the city.
'
100.05
48,000
101.66
1.525
15,000
101.666
1.525
.
d3,560,000
1948-1965
1946-1965
2>/2
Minneapolis, Minn.
1
1946-1955
400,000
325,000
rl,405,000
100.158
0.97
100.10
0.714
724
Minneapolis, Minn.
1
1946-1955
300,000
100.158
0.97
1220
1947-1957
r37,000
100.10
Dist.,
100,000
99.585
1.148
926
Tex.
Montgomery County, Md
Mooreland, Okla.
1946-1958
26,000
100
1.8887
1946-1957
60,000
100.46
Mille
r240,000
100.619
0.93
821
Ind.
Co.
Lacs
Dist.
0.92
1947-1962
rd607,000
55,000
l-y4
Md.___3:,A-l,/2
1%
1948-1973
20,000
1948-1951
1%-
r865,000
1946-1965
'25,000
102.313
39,000
No.
T.2 Va
64,- III.—i:
Mountain
View S.
D.,
Okla..—
1948-1950
Mountain
View
D.,
Okla
1948-1959
New
725
New
Newton
102.313
1.409
100.11
125,000
r238,000
915,000
100.013
1.13
1034
100.262
1.16
723
100.589
1.713
926
rl90,000
3,000
State
100.07
2.49
822
1034
constitution
1034
The
925
other 12 cities levied and collect¬
1038
the
State.
925
ed license fees for themselves.
group
consists
of
twoof the nation's cities with
more j than
includes Atlanta,
1034
1.036
1220
927
724
1037
926
receiving highest reve¬
liquor licenses during
1944-45 were: Boston, $1,477,000;
Detroit, $1,043,846, and Philadel*
phia, $1,633,875.
from
The largest number of licenses
issued
by Los Angeles-
were
the
over
5,-
second
largest
number.
Finances
of the State's
public
re¬
cently by Governor Mortimer R.
Proctor, which showed that at the
end of the fiscal year on June 30,
made
The State's current general
revenue as
this was de¬
ducted $5,793,469.14, $5,662,534.74
of this for current general fund
expenditures and $130,934.40 as
From
for balances for
warded.
(Continued
V/2'
724
1039
County,
1568)
102.25
1946-1969
92,000
37,000
100.39
100.16
2.378
50,000
100.16
2.378
11,000
100.16
2.378
,
;
1946-1961
1946-1954
50,000.
40,000
1036
1036
100.06
rllO.OOO
1965
1946-1955
10,000
1.40
1.43
;:i.25;::
r30,000
100.00
1947-1956
r400,000
100.66
1.38
1946-1950;
rlSl.OOO
115,000
"100.01
T31
1957:;
25,000
1947-1961
100.046
r73,ooo V I00.30;
1947-1955
10,000
rd685,000
3.137
1.21
100.55
1.41
100.101
2.423
398,000
1947-1949
35,000
rl05,000
1965
Fla
100.19
,T5o
100
100.37 ;;
1946-1950
200,000
17,000
100,000
95,000
100,644
1946-1965
180,000
.
100
v
100.64
100.055
20,000
100.06
_l'/2-l3A
1948-1960
~l"89
1.15
t
1.67
1.392
98.52
20,000
Tell
Dist.
No.
35,
Minn__._l.4o
Tex.
823
Tennessee
Tennessee
The State
r25,000
(State
of)
—l'A
of)l'A
1957
Okla.
Tipton,
Tipton
Union
..iL. '
________
Union
Co.,
Union
N. J
927
Utica, Miss.
Vermilion
; 20,500
Dist.
1946-1965
1.65
19 years
l'A
Gravity Sub-
No.
2,
Sch.
,v
100.18
106.27
100.58
1947-1951
20,000
100.016
101.183
3A
1946-1970
1,000,000
(State of)_3»A-l-l'A
1946-1970
1,000,000
1040
(State of)_3'A-1-1'A
75,000
1948-1962
926
Wheaton, Minn.
1.30
r70,000
1950-1951
Whitefish Bay S. D. 1, Wis
1224
1
55,000
1947-1960
Whitemarsh Twp., S. D„ Pa.___ %
726
300,000
1946-1957
Yazoo City, Miss
1036
1-1'A
Total bond sales for August (156 municipalities
k$44,560,023
covering 140 separate issues)-;—
West
100.18
18,000
r65,000
;
Ohio__l3A
Ohio
Virginia
Virginia
Warren,
West
100.115
;
La.-_.__.2-l%,
Dist.,
10050
10,000
"
325,000
47,000
66,000
275,000
17,000
5,000
1946-1965
1947-1965
.___23A
_____
Parish
Local
Vinton
;
1, Ore.
Vermilion, Ohio
926
Drain
1948-1957
1946-1975
1.40
1.40
;
D. No.
of Oklahoma
927
100.1599
"10062
50,000
County S.
University
750,000
1946-1965
;
._______1'A-13A
N. J.;
Co.,
100.1599
375,696
Y. 4>
Tenn...
Co.,
Cal.
Tracy,
2,000,000
1,500,000
1957
(State
City Ind. S. D., Texas_l%-2'A
Texas
125,000
40,000
1946-1960
Insurance Fund, N.
"f.28
r30,000
v
Ind
City,
823
.
0.61
100.05:
1948-1968
400,000
822
928
1.165
100.408
1948-1957
Taylor,
726
100
100.33
1947-1965
928
928
1.46
100.06
1947-1954
1948-1965
School
100.03
0.743
100,0051
1,261
100.0051
1.261
100.093
1.29
100.30
0.94
100.276
0.84
100.05
1.17
,
d Optional.
kNot
including $51,511,000 temporary loans or funds obtained by
agencies of the Federal Government, r Refunding bonds.
„
.
States and municipalities from
MUNICIPAL
CANADIAN
Page
Name
FINANCING
Rate
"
728
Canada
1224
Canada
(Dominion
of)
(Dominion
of)_
Canada
1224
Canada
1040
Etobicoke
1040
Prince Edward
Twp.,
Ont
Price
Basis
0.363
0.362
*75,000,000
11-30-1945 *75,000,000
1946-1960
117,000
1959
rl,000,000
0.363
11- 9-1945
—
v
—3'A
municipal bonds sold in August.
r
AUGUST
Amount
10-26-1945 *75,000,000
Island, Canada__3
loans,
DURING
Maturity
10-12-1946"$75,000.000
(Dominion of)___
(Dominion of)
728
Total of Canadian
on page
r59,000
Skagit Co. Con. S. D. 311, Wash.2
Skiatook S. D., Okla.^_..._l'/2-l'A
Sumner, Miss.
3
Sumner Sep. S. D., Miss.
3
1038
928
100.52
•1948-1964
Sibley County Community
1040
1038
20,000
1.10
...1.40
Salem, Mass.
0.75
St. Louis Park, Minn._____
l'A
Sanford, N. C
2
Sanders County, Mont...——__1.15
Scranton, Pa.
.__13A
926
1037
100
1946-1965
1947-1965
l'A
Territory, Minn.
Louis Park, Minn.-..
St.
fund
of June 30 totaled $6,-
reserve
60,000
Royal Oak, Mich.
21/a-21A-3
Louis County Unorganized
821
—An annual report
was
36,000
rl26,000
1946-1961
1037
(State of)
14,527
'
1965
1946-1961
Sarasota
726
Reports On
2»/2
1-1 »A
Okla
'
St.
1038
VERMONT
Governor
1.49
r;
Township, N. J
2.40
Towftship, N. J.____2.40
Pennsauken Township, N. J
2.40
Pima Co., Amphitheatre Elem.
v
School Dist. 10, Ariz.——_—2
Pima Co., Amphitheatre H. S. >
D. No.
4, Ariz
2 V;
Pinellas County, Fla...
1.40
Polk Co. School Dist. 2, Ore—._1V2
Polk County Special Road and
Bridge Dist. No. 11, Fla
l'A
Pulaski County S. D., Ark._„___lI/2
Ramsey Co. S. D. 5, Minn
1.30
Redford Twp. S. D., Mich.-l'/a-l
Bobbins, N. C.i3-3%
Rock County Consol. School
Dist., No. 66, Minn
l'A
Rolla, N.
Dak
—_—^____.iy2
1224
Vermont
1.10
100.14
Pennsauken
822
licenses,
100.13
Pennsauken
724
725
8,000. Detroit issued
r30,000
rl6,000
County Supervisors
No. 2, Miss
925
1036
28,000.
8,500
1954-1956
Orange
926
1036
Cities
1.372
1946-1955
Dist., Mass.
822
requires
85% of its liquor
100.05
lJ/a
County, Fla
___.__1.4a
Orange Co., Silverado S. D., Cal.2
Owen County, Ky
Palmer, Three Rivers Fire
925
the city to give
license fees to
1.61
1.75
12,000
V
Norman, Ohio
083
-15,000
1.20
100.039
100
-.--l'/a
823
100.893
-■
v
i
'
Ohio..
Boston,
Nichols Hills,
1038
S.
Del
Castle,
Dist.
100.77
475,000
110,000
140,000
1.85
Morgan County School Dist.
'
1038
927
2.49
100.036
100.05
School
Minn
13,
925
710,000
This contrasts with Denver where
current
103.524
.
1%
1%
1948-1965
School
Ind.
1946-1965
820,665.23.
100.17
15,000
2V\
Midland
Montgomery County,
finances
75,000
'
724
In
store
for
4,210,000
1,38
$3,374,031.90, a reduction of
$977,000 during the year; that an
Revenues From Liquor Licenses—
excess of $1,027,196.09 existed in
More
than
$10,000,000 was
re¬ current
general fund revenue; and
ceived from State and local liquor that the accumulated
unappropri¬
licenses by 20 large cities during ated
surplus of $1,585,855.28 was
the fiscal year- 1944-45, the Mu¬ reduced on
July 1 to $415,358.08
nicipal Finance Officers Associa¬ by expenditures authorized
by
tion reports. > This does not in¬
the 1945 Legislature.
clude
1.58
1947-1965
100.00
at
$10,000,000
Receive
1.4513
101.68
1947-1965
824
926
000
1.4513
•150,000
5,000
1.148
over
*
1947-1934
71, Ore...
1.148
nues
100.666
2,145,006
440,000
2*A
S. D.
1.148
thirds
.
100.666
1946-1970
1946-1950
Co.
99.585
The
:
f'
1040
1945, Vermont's State debt stood
thought!
Cities
1,350,006
1.4513
1946-1964
111
200,
99.585
,
taxes
1946-1970
100.666
960,000
2.00
D.
99.585
.
Death and gift taxes,
1946-19?0
100
30,000
d340,000
1.47
Seattle and St. Louis.
all
For
Post-war
1946-1962
1.35
issue $95 million of
time.
conscious
debt
1949-1956
100.207
recommended that San Francisco
more
S.
200,000
the
101.49
47,000
55,000
100.16
300,000 population and
Baltimore, Bos¬
ton, Buffalo, Denver, Detroit, Dis¬
trict of Columbia, Houston, In¬
dianapolis, Jersey City, Kansas
City, Mo., Los Angeles, Louis¬
ville, Minneapolis, Newark, New
Orleans, Philadelphia, Pittsburgh,
and out of those that do
many will be turned down by the
voters, who are becoming more
ballot,
and
H.
200,000
N.
rates
110,000
1038
Since V-J Day Municipals have
softened—not due to a change of
interest
1946-1975
Michigan State College of Agric.
& Applied Science, Mich—various
Midland, Tex
lVss-2
723
822
rise
98.52
Ind
1,000,000
_
927
400,000
J.
Ind
1946-1965
No.
Fairlawn,
1.50
1947-1965
various
44
No.
1946-1965
1948-1974
2, Mich
i_'
1946-1975
J.——
2 V2
Falls City, Neb
l'A
Falls City, Neb
....—l'A
1947-1962
Fayette County, Ky
l'A
Ferguson School Disk, Mo
—1%
1946-1955
Franklin County, Ohio
1
1946-1957
Gaston County, N.
various
1946-1952
Gilbert, Minn. 1
l'A
Glen Ridge School Dist., N. J.__13A
1946-1985
1960-1966
Gloucester City, N. J
2'A
1946-1955
Gratis, Ohio
2
Halls, Tenn.
•___-3%\,;,'; —r
S.
822
2.70
__2'/4
■
925
12,000
1948-1960
1948-1953
& Warren Twps. Frac.
Erin
7,000
PA
Township,
Township,
726
Easton, Conn.
1.238
'
1946-1956
_—VA
l'A-l'A
_1'A-1'A
%
1.10
1.10
1.10
1.10
1.56
100.05
100:002
Ill
Twp.,
Marion
No.
100.025
I
d24,00Q
100.30
Maple Lake, Minn..;
Maricopa Co., Avondale School
Dist.
1.41
0.07
IVk
925
75,000
Ind
-
Erie School Dist., Pa.__
1220
821
250,000
5'A
Beach Housing
Authority, Fla.
726
925
1935
100.20
100.21
1946-1959
—
100.014
60,000
52,000
,
250,000
91, Ore__
D.
1038
Orinda
_
Texas
1.295
r22,500
/*
County,
925
!
0.67
2
2.00
,
I
'
Ind. School
103*8
'
f.
0.96
^-1-
1946-1965
Wash.
100
r68,000
100.128
100.21
3-1V2
100.7803
2,000,000
,
Daytona
corporation
925
2.45
100.30
'
Garbage Dist.
1035
2V2-2%
Con.
Town,
—
726
inde¬
sales,
1945 yielded
The-
45,000
d454,000
> 140,000
>
1947-1964
_27/B
Tex.
Mr. Capt said*
Individual
income
Many
1.45
822
__
821
1221
surance
100.27
925
County School Dist. No.
928
.The total of corporation income
.
23,000
821
26,000
Cook
216,
•821
Too
1947-1954
1%
0.80
—
Community
School Dist. 34, 111
321
increased $106,000,000 between
1943 and 1944.*
erance
Too"""
Miss,
Co.
Cook
725
year.
1.40
r24,000
r20,000
^1946-1960
2
_
1, Texas
Collins,
725
Sales
101
Clairmont Common School Dist.
1035
1939 and
in
1.377
1.5407
50,000
> 1946-1975
15, La.—2
Tex.
than trebled since
1944
-IA-1'A
_2 Vt -2 'A
N. Dak
Dallas,
Dallas,
Corporation income tax yields,
however, showed but little rise
this year after a six-year gain.
The total amount was $460,000,000,
a
gain of $14,000,000 from 1944.
Corporation
income
taxes
had
stantial
2,
0.66
•;
Chicago Sanitary Dist., Ill
Chippewa County, Minn
1035
clined from
821
100.11
1946-1957
Tarum Rural Sch.
Dist. No. 28, N. MexLee T*p., Ill
.L
2
Lima, Ohio
1%
Los Ahgeles1 County, Glendale
*
; :
;
Unified S. D. Cal.-„
__l'/a
Los Ahgeles County, Glendale
Unified S. D. Cal,.
iy2
Los Angeles County, Glendale
:
Unified S. D. Cal
1M»
Los Angeles County, Long Beach
Unified School Dist., Cal.____l%
Los Angeles County, Long Beach
vA
Unified School Dist., Cal.____l%
Los Angeles County, Long Beach
City School Dist., Cal.___
1%
Los Angeles County, Saugus
Union School District, Cal
2
Lower Wakefield Twp. S. D., Pa._2
Kindred School Dist.
Co.,
Dallas,
beverage
collections
Dist.
..
1035
726
■
tax
__
1037
726
income taxes.
more
School
County, Tex
725
income and
pendent
27, La.
for
set
were
collections of
Parish
Cameron
No.
Lea
823
100.03
1946-1950
1V4
—2%
32,000
d51,300
10,000
1946-1950'
—
Lane Co. S.
1035
•
La.
Dist.,
5,000
1946-1951
1950-1976
%
%
Knott County Line
,
Calcasieu
722
927
50,000
[
^
1 -
—
Parish
2)
Kelso,
103^
70,000
.
928
Jefferson
No.
750,000
Basia
*u^tl
,
,_3%
_____
1| S. D
Jackson, N. C
1948-1962
1946-1955
Avon-by-the*Sea, N. J:_________ 1.40
Parish Consolidated
School Dist. Nd. 1, La.;._:_3-1'A *
f1946-1966
1946-1965
Batesville, Miss.
IV2
Boone, Iowa
I'A
Brainerd, Minn.
___-__-.l-„ ' .1 1946-1949
Bfirigi»w«ti»r(- w; .t
7
;^'l946*rl955^;>
Y
,
No.
1220
100.267
^
Hurley Xnd. Consol. School Dist.
105
35,000
.
Holyoke, Mass.
55,000
;
24, N.
Heyworth, HI.
Holyoke, Mass.
1948-1952
Avoyelles
j822
1035
No.
1220
105,000
20,000
1946-1950
general sales,
records
All-time
state
1943-1964
723
822
District
726
.
1948-1951
Ardmore,- Okia;
Ardmore; Okla.-
in
unemployment c om pen s a t i o n
taxes, property, tobacco and auto¬
mobile license taxes.
Th<? gains
were in sales and gross
receipts
taxes, corporation and individual
1948-1958
1 Vt
928
No.
tax
.1948-1952
.
Price-
Hempstead Central High School
Dist. No. 1, N. Y.__
__.__0.70
Hempstead Union Free School
425,000
25,000
1948-1965
Antioch;. Cal.,
Amount
90,000
724
8,000
Ardmore,"' Okla.
Maturity
44,000
927
1040
821
Rate
Hl._____2y2
Neb.
Hastings,
726
$40,000
125,000
-'-L3 Vif:
928
822
822
Basis
Supervisors Road
County
928
928
Pride
/.V",.
Hamilton Co. S. D. .39,
1037
1946-1969
1948-1985
V.
:—2Vt
Wis.
-Diet: ;No; 5/
928-
were as follows:
Amount;
Maturity
Name
Page
1035
1220
Ward
Fourth
Parish,
Amite
723
Peak—State
New
Rate
*
It D. No;.
i residents!pf**he?5tateiwas^ldvied
To
•
'
724
1'Tax" IffcldUp; From 1944
soldi in August
municipal issues
Name
1040
1037
by Vermont.
$44,560,023, of which $7,358,500 was for refunding purposes.
following we list the various issues sold during the month:
was
In the
non-
on
Municipal Issues Sold During August
'i.V,
Federal
Government where income is lost
'
agricultural
List of
Refunding.
$1,117,000
0.363
98.34
3.70
■
li*1
1568
improvement school and annexa¬
tion bonds.
Dated April 1, 1926.
bills
three""appropriation
The
public
4V2%
1—$165,000
Lot
(Continued from page 1567)
r'
FINANCIAL CHRONICLE
THE COMMERCIAL &
passed by the 1945 Legislature au¬
thorizing expenditures from the
unappropriated - surplus,; ear¬
marked $1,170,497.20 for " capital
outlays as follows: State office
building—real estate and addi¬
tional
building % appropriation,
April 1,1960.
Lot 2—$28,000 4V2 % public im¬
Due
possible slump in the State's share
State income tax
collections
of
under
theoriginal: budget esti¬
-
.
■
$215,Q00; State Agricultural Col¬
building program $467,500;
State institutions
WASHINGTON
construction
$487,997.20.
and repairs,
-
—
►
-
Hoquiam, Wash.
rurchased—An issue of
.
Bonds
During the year just ended, $2,000,000 has been set aside from
mainly to:
I 1. The estimated $13,600,000 set
aside
1945 Legislature to
post-war
by the
additional
finance
improvement
building at State institutions, be¬
bonds was purchased recently by
the
unappropriated surplus for
yond the $9,200,000 previously set
Blyth & Co., and the Peoples Na¬
State pav for returning veterans.
aside by the 1943 Legislature.
tional Bank of Washington, both
Of this, $1,500,000 was appropri¬
2.
The
$15,600,000 excess of
of Seattle, jointly, as 2s.
Dated
ated by the special
session of
general fund highway expend¬
Oct. 1, 1.945. These bonds are due'
March, 1944, and became avail¬
itures arid transfers over highway
able on July 1,1944, while the re¬ $2,000 in 1947 to 1950, $3,000 in tax collections.
Most of the ex¬
1951 to 1968, and $4,000 in 1969
maining $500,000 was appropri¬
cess
results
from the
time-lag
and 1970.
•
ated by the 1945 Legislature and
State law sets up between col¬
became available on passage of Mason County Sch, Dial. No. 312 lection of highway taxes and their
the bill on April 3, 1945.
later spending of highway pur¬
(P. O. Shelton), Wash.
It is believed that the $3,000,Bonds Voted—At a recent elec¬ poses; the remainder is a trans¬
000 already appropriated will be
fer of general fund cash, previ¬
tion the voters approved the pro¬
sufficient for State pay for all
posal to issue $10,000 construc¬ ously collected for highway pur¬
eligible returning veterans.
poses, to the new State highway
tion bonds.
In this connection, the - Gover¬
fund created by the 1945 Legis¬
Newport, Wash,
nor pointed out
that $248,000 of
lature.
the serial bonds issued in 1919 for
Bond Election
An issue of
3. The
$70,000 fishing base
State pay for veterans
additional
of W.orld War I was
$35,000 ' sanitary
sewer
system
bonds will be submitted to the
voters at the November election.
still outstand¬
June 30, 1945. The final
payment of this issue of bonds is
to be made on Oct. 1, 1949.
"The cash accumulation in the
ing
on
State
Washington (State of)
$135,000,000 Revenue Bond Is¬
In Prospect—Halsey, Stuart &
been used to
Treasury has
sue
purchase U. S. Government secur¬
ities and we have subscribed to
all War Loan drives," the Gover¬
nor stated.
"On June 30, 1945, we
Co., and John Nuveen & Co. are
in the process of forming a syndi¬
held $8,200,000 of these War Loan
issues.
The interest return
on
$135,000,000
amounted
investments
these
would be
issued in connection with acquisi¬
.
Light Co. prop¬
for
the
year
received
revenues
Company officials are re¬
exceeded
WISCONSIN
the
Wisconsin
anticipated: amount by more than
$1,000,000, while the general fund
revenues
for the present fiscal
—The
Lynchburg, Va.
1944,
Bond
Offering—George M. Bell,
Secretary of the Sinking Fund
Commission, has announced that
Wisconsin
the
available
The
9, for the purchase of the follow¬
ing
bonds
City
amounting
to
balance,
Taxpayers
official
State
reports
in the
creases
estimated
the
June
Alliance
30,
cost of State
sup¬
plies and in salaries and wages
paid State employees.
Indebtedness
Public
Reduced
Greatly
Years—Public
Five
In
indebtedness in Wisconsin
was
cut
from
$138,493,000 to $70,713,000
—almost in half—during the last
five years, according to the Mu¬
nicipal Finance Officers Associa¬
tion.
The State government it¬
self became entirely debt free.
The
including
decreases in State, county, city,
village, town and school district
debts, makes Wisconsin second
only to Kentucky in low public
debt per capita.
Not
only is the State govern¬
ment free of debt, but 24 of the
State's
71
1947
warned,
counties
160 cities have
no
and
33
of
its
have! debts
under
and 24 cities have debts between
ment
in
to
were
in
cut
18 cities
counties and
$500,000 and only eight
cities
16
and
have
State
zero
in
1944.
reduced from $68,757,-
1940
fund
to
stll
nor
a
matter
free
city.
Wisconsin
Rapids,
Clerk,
City
will
The
these securities.
offering is made only by the Prospectus,
NEW ISSUES
«i
'f-r'
for the
purchase of $450,000 series
G, school building bonds, to bear
not exceeding 2% interest. Dated
Oct. 1, 1945.
These bonds
Denomination $1,000.
are due
$50,000 on
Oct. 1, in 1952 to 1960.
Rate of
interest to be in multiples of oneBids must be for all
tenth of 1%.
Company
175,000 Shares 6% Cumulative Convertible Preferred Stock
i
(Par Value $5 Per Share)
Fully executed bonds
approving opinion of
Lines, Spooner & Quarles, of Mil¬
waukee, will be furnished the
purchaser. Award will be made
by taking the cost of interest to
the City at the rate named in the
bids and deducting therefrom the
premium bid. Delivery will be
made
within
approximately 30
days. A certified check for $5,000,
payable to the City, must accom¬
pany bid.
^
the
and
Medicine Bow,
Sale
Bond
eral
—
obligation
fered
100.20,
The
June
on
4
*
J
are
_
1"-/,
*
,
to
the
farm
and
-
outstanding
declined to
9.4%.
It is added, however, that
the mortgages which the Govern¬
mortgages
and last year the total
&
ment lost didn't increase the total
held
by private interests since
showed a decline of 7.1%.
The reason is that high national
they
income
more
provided borrowers with
to pay off their mort¬
money
gages.
The total
mortgage debt of the
on Dec. 31,1944, was $31,656,850,697, a decline of 8% from
,§
p
the $34,421,432,000 a year earlier,
according to the study which was
inaugurated last year as an an- "
nual research project of the Asso¬
ciation by L. E. Mahan, St. Louis,
MBA President.
Figures for 1943
have been revised slightly since ;
country
they were issued a year ago be¬
of later fchanges reported by
Government agencies, says the
Association, which also reports:
"Mortgages held by Government
agencies declined from $3,563,232,000 to $2,980,715,287, or 19.2%.
Biggest decreases were for the
Federal National Mortgage
and
Asso¬
Federal
the
both
Corp.,
,5%:'
Farm
which?
of
showed declines of 19.2% in mort¬
gages
held—the
rate of loss
same
National reported for all Federal holdings;
Casper
Due $500 June
30, 1946 to 1965.
.
last
than 19%.
The association reports that at
the end of 1943, the Federal Government owned 10.4% of all city
more
Mortgage
10,000
declined
Government
by
$10,000 to the Rawlins National
Bank,
Rawlins.
Due
$500
June 30, 1946 to 1965.
?
10,000 to Peters, Writer & Christensen,
Denver.
Due
$500
June 30, 1946 to 1965.
The Home Owners Loan Corpora¬
18.5%
tion showed a decrease of
'B;
in its loans on Dec. 31, 1944, re¬
"M
$1,091,000,000 of mort¬
gages as compared with $1,338,000,000 a year earlier.
'
"In the farm mortgage field, the
porting
Federal Land Banks followed the
CANADA
NEW
Federal Farm Mortgage Corpora¬
tion in
BRUNSWICK
County), N. B.
Details—It
Sale
is
now
the County Treasurer
$180,000 abattoir con¬
struction
and
equipment bonds
sold to F. J. Brennan & Co., of
Toronto—v.
162, p.
1448—were
awarded at a price of 101.77, a
net interest cost of about 3.29%,
by
the
the
bonds
divided
as
follows:
$25,000 as 2%s, due $5,000 from
Sept. 1, 1946 to 1950; $25,000 as
3s, due $5,000 from Sept. 1, 1951
to 1955; $25,000 as 3^is, due $5,000 from Sept. 1, 1956 to 1960, and
the remaining $105,000 as 3 Vzs,
due on Sept. 1: $5,000 in 1961 to
1964, and $85,000 in 1965. Dated
(M-S) payable at the County
"The
biggest changes last year
of mortgage invest- i
ments were registered by the Fed¬
•
stated
that
showing the biggest loss of
mortgages owned.
These banks
$1,209,646,000 on Decem¬
ber 31 last as against $1,452,886,000, a drop of 16.7%.
owned
fax.
in
the
eral
field
agencies,-, the study showed.
holdings, with the excep¬
of those of "others," were
Private
tion
relatively little changed.
"Mortgages owned by
and
totaled
$28,676,135,410
cline
was
Plan
their
mortgages last
said
that
—
It
is
prin-f
year
cipally because of pay-offs.
"Life insurance company
ings
increased
to
hold¬
$6,683,000,000
$6,670,000,000 in 1943>
Re¬
Ready
"others"—
for the account of
private individual investors who
are estimated to have lost 20% of ; .
their
Reorganization
de-*
ja
biggest drop V
The
of 7.1%.
ciations
Ont.
against
as
$30,858,200,000 a year ago,
from
'Haileybury,
private
institutions last year
lenders
of 0.2%v
Ibe obtained from only such of the undersigned
licensed dealers in securities under the laws of this State,
*i,*r
'
<'"1"
'* /
^
'1
Kobbe, Gearhart & Company
'Incorporated.
*
mortgages owned by the Fed¬
a
gain
Building and loan asso¬
showed a gain of 4.3%,
mortgages
750,000,000
rising
from
$4,- *
to
$4,554,000,000.
holders of debentures of the above
may
Newburger & Hano
;
city
ciation
Mutual savings banks owned $4,-
town have worked out
297,809,679 at the end of 1944 as ;
ization plan whereby
be
corrected
a
reorgan¬
arrears
will
and outstanding de¬
bentures' will
September 27, 1945
were
SVzs, at a price of
basis of about 3.48%, as
as
a
Debt
-
;
According to a study published
July 14 by the Mortgage Bankers
Association of America, farm and
follows:
ported
-
28,
of¬
office, or at the Bank
of
Nova
Scotia,
at
Toronto,
Montreal, Charlottetown or Hali¬
(Unit-r-l Share Preferred—1 Share Common)
Copies of the Prospectus
gen¬
bonds
Treasurer's
Price $5 Per Unit
:
Wyo.
$30,000
water
sale
for
awarded
est
(Par Value 10c Per Share)
benture holders.
cause
WYOMING
Sept. 1,1945. Principal and inter¬
175,000 Shares Common Stock
tee,
it
is
understood,
will
be
sending out circulars shortly ex¬
plaining the plan to all known de¬
none.
or
on
International Resistance
receive
sealed bids until 2 p.m. on Oct. 9,
to
offer
"
:
The debenture holders commit¬
year
Wis.
Offering—Nels M. Juste-
Bond
son,
$2,898,000 in 1944. The re¬
an
call of de¬
or
maturities.
before
'
eral
Municipal
of record only and is neither
solicitation of offers to buy any of
an
pay
that it is the nation's largest debt-
Bond
as a
created
to
St. John (City and
This advertisement appears
purchase
on
bentures
over
off its
outstanding debt with the result
from
1940 to
applied
counties
debts
has
Milwaukee
amortization
govern¬
County
made for; retirement of debt at
maturity. In addition any surplus
from housing department is to be £
$500,000.
bonded indebt¬
of the
have debts
$100,000 and $250,000.
Seven counties and
five cities
have debts between $250,000 and
$29,381,000
in
debts
were
$56,205,000 in 1940 to
$32,567,000 in 1944. Village debts
were
reduced from $4,429,000 in
000
$100,000. ""Eleven
between
reduced from $1,183,700
was
1940
debts
and
$50,000
bearing 2% % interest, payable
annually.
Full
provisions
are
counties
Twelve
$50,000.
Bank, Casper.
debt
cities in
debts,(nine
counties and 64 cities
edness.
The
I
Of those counties and
reduction
total
1944.
however,
may
be
considerably
lower than $7,700,000, due to a
•,
.
Wisconsin
and records.
sealed bids until 7:30 p.m. on Oct.
$329,000;
cash
State
Alliance has estimated from latest
receive
will
unobligated
the
highest Governor's ex¬
ecutive budget spending total in
general fund history, to finance
the costs of State government and
State aids for the two-year period
ending June 30, 1947. Chiefly re¬
sponsible here are wartime in¬
,
balance
general
fund is expected to fall to $7,700,000 by June 30, 1947—a drop of
$25,700,000 from the $33,400,000
unobligated balance on June 30,
in
VIRGINIA
Commission
of)
(State
General Fund Balance Reduced
year, ending June 30, 1946, were
estimated less conservatively.
V/
Power
ported agreeable to recommending
acceptance by creditors of an offer
made
by the districts for the
properties.
attention
just ended,
June 30, 1945, were estimated so
conservatively
that
the
actual
the
&
Sound.
general fund rev¬
to the fact that
,1
bonds
The
the districts of the Pugtet
tion by
,
called
Governor
enues
State.
erties.
475.03."
The
a
various
the
to
preceding year was $41,-
the
under¬
issue of
of
purpose
prospective
bonds on behalf of
Public Utility Districts in
writing
$59,147.03 in the past year. -The
income
from
such
investments
for
the
for
cate
was
Wisconsin which have
.
-—
debts
$2,583,000 to $1,474,000, and
that of school districts from $5,from
333,000 to $4,390,000.
mates.
Cause of the* $25,700,000 drop,
provement bonds. Dated Oct. 1, anticipated on the basis of the
1924. Due OA. 1, *958;
f;B original budget revenue estimates,
in the unobligated cash balance
$136,000
%
school bonds.,
Dated Oct. 1, 1924.; Due Oct. 1, over the three-year period is a
corresponding excess of expend¬
1958.
itures over receipts, in turn due
lege
township
in
duction
Monday, October 1, 1945
be
exchanged for
hew ones bearing 2%% interest.
: • In
addition * to. providing for
payment of delinquent bond in¬
terest, the plan calls for exchange
of present debentures for new ones
of same face value dated June 1,
1945, and maturing June 1, 1985,
$4,420,000,000
against
earlier,
a
a
decline of 2.8%;
mercial banks also showed
of 3.9%
#
year
Com¬
a
loss,
in loans held, their total
mortgages going to $4,344,151,000
from $4,519,000,000.
cieties
show
a
gain
mortgages owned."-
Fraternal
of
so- ;
in
3.1%
-! :™
♦
•*
@FedFRASER