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sUS-
^
1 4
OCT
MONDAY
y.-i
£
Financial
Volume 164
Chronicle
Reg. XT. S. Pat. Office.
.
New York, N. Y.,
Number 4533
Price 60 Cents
Monday, October 14, 1946
General Corporation and Investment
RAILROAD
PUBLIC UTILITY
-
INDUSTRIAL
-
INSURANCE
-
a
Copy
News
MISCELLANEOUS
-
*
Radiotelephone & Signals, Inc., exclusive distributor of the company's
railway radiotelephone equipment.
%
,
.
The notes and option were issued in connection with financing ar¬
rangements undertaken by the company.
Under terms of a revolving credit agreement dated Dec. 31,
1945,
certain commercial banks agreed to make loans to the company of
not more than $2,000,000 at any one time. A supplemental agreement
dated May 17, 1946, increased the commitment to $3,025,000. Under
this latest pact,
the banks required the company to obtain sub¬
ordinated loans from other sources of $225,000 and a guaranty of the
$3,025,000 to the extent of $100,000 in cash collateral.
The
company obtained
subordinated
loans
of $225,000 from its
directors, officers and others. The notes are convertible into common
Acme-Hamilton Mfg. Corp^Transfer Agent—
'
i
V, 164, p. 1581.
High—
August sales reached a new monthly high for the year of $603,000
and are continuing
at an annual rate in excess of $7,000,000, according to Gilbert Colgate, Chairman of the board.
V l ;
.
company.has shown progressive monthly improvement in
orders
and
shipments during the current fiscal year which
The
,-i
30, Mr, Colgate said.
Sept.
■
,
both
ends
stock.
,
.represented the peak of wartime business.
a
marked revival this year, Mr. Colgate said,
»bout 10% of total sales.
with
Faced
a
problem
reconversion
and
now
beginning
the
at
anteeing
its fiscal
the company has completed its plant changeover and geared its
•operations to keep pace with the expansion of commercial and private
aviation.
Manufacturing activities, which account for about 30% of
total volume,
are
centered at Teterboro, N. J., and Los Angeles,
Calif.
Distributing centers have been exanded to cover the entire
country, including Atlanta, Chicago, Dallas, Kansas City and Seattle
In addition to Teterboro and Los Angeles.—V, 163, p. 773,.
,
>
,
;
holders
corporation
The
of
Tate
one
new
The
notes
of
loans
to
the
convertible
are
the
into
is offering for $2 per share 200,000 shares of
(par $1) to stockholders of record Sept. 26 at'the
of common stock for each two shares held.
Rights expire Oct. 11 (3 p.m.) The stock is offered as a speculation.
Subscription can be effected by delivery to City Bank Farmers Trust
Co., 22 William St., New York 15, New York, of an executed sub¬
scription warrant with accompanying payment in New York funds ,
Jor the stock to be issued, on or before the expiration date. >7; >7'^ :JV.
stock
common
the
on
following would result in issuance of
basis
:
engaged in the business of an air
carries' of cargo
exclusively and does hot carry passengers.
For
conducting business in the United States it is qualified as a foreign
corporation in 18 states, including New York, Pennsylvania, California
and Florida.
A wholly owned subsidiary, Western Air Cargo TransMarch
12,
Balance
>•
Discount
v
*—
retired—:—*——
of
stock
common
for
each
$12
of principal
,
Trust
for
$2,000,000: of
f>. 1581. •
*
*
•
Profit beforei
int., taxes, etc.—.
———
Federal
August—-
W
Net
.>
is
railway
;*'•
53,140
8,433
240,000
295,000
$312,932
$134,752
—*——*
income-**-:
from
transmissions
"
'
"
1946
1945;
,
$6,081,592
;
**
Radiotelegraph transmission .*.——..*—*****•
Rental of plant facilities*******.^—,
Miscellaneous (gross profit on sales, etc.)—*.
$7,126,329
2,084,414
2,550,537
214,790
*—
"
f
Maintenance and
288,535
484,658
.
\
426,303
1944
1943
$422,735
$370,996
145,073
4'241
1,68,175
80,783
3,120,632
3,124,714
:V
-
923,251
503,493
ry. oper. income—*'
—V. 164, p. 1325.
179,941
—*—
_**^—5,338,094
—
repairs *i—
4,305,188
1,484,194
.1,046,945-
:
1,164,033
844,258
143,592
>
'
80,486.
railway***_•_*
.$9,135,454 $10,121,704
^—***———-***—-*—*—*
General and miscellaneous expense**—*—
$322,879
43,362
2;623,168
railway**—
,
American Cable & Radio Corp. (& Subs.)—Earnings—
Operating Revenues—
:
RR.—Earjiings1945
144,182
Net
-
108,090
4,595
1077..
Total revenues
$425,665,
railway*
oper.
from
$599,415
,
*
.7 6 Months Ended June 30—
;
i; ':
From Jan. 1—
Gross
Net
*
———1*—-—***—
profit
—V. 163, p.
'
1946
„
from
ry.
********
******
income taxes—
Expenses of operation
Net
36,870
.$708,159
Bond interest —*————1
£9,245
Depreciation
51,387
Co.; New York, N, Y., has been appointed
sinking fund debentures due ; 1962.—
-
.
from
$562,545
141
*
5%
Akron Canton & Youiigstown
Gross
1945
$2,081,374
1,518,829-
$708,018
■
—
bonds
on
•' 1946
$2,440,614
1,732,596
7
,
Total expenses
of
The Manufacturers
Net
Angeles—Earnings-
Amort, of bond discount*—
7
1,105,752
364,739
?
'v'V j
2,942,547
1,244,492
685,434
'
HISTORY & BUSINESS—Corporation, one of the leading pioneers In
son-schedule contract air cargo service, was organized in New Jersey
which¬
of
larger number of
a
Airline Foods Corp.—Trustee Appointed—
trustee,
V". 16*,
.
marks the third among the company's
Production
Cable
to add the proceeds to its
general corporate funds and to use the net proceeds from the sale
In the estimated amounts, and in the order stated as follows: (1)
The first $275,000 will be used for: (a) Repayment of its bank loan
of $50,000.
(b) Repayment of loans from promoters totalling $53,000
and payment of other current liabilities.
(c) Constructing a frame
building at Newark Airport, and cost of moving executive offices
from Empire State Building estimated at $35,000.
(d) Cost of con-,
verting three C-47s for Civil Aeronautics Authority license, esti¬
mated
at $19,500.
(2) The balance will be applied as a reserve
for working capital.
CIO
conversion
the
.
intends
.
the
of
six Months Ended July 31—
Total income
execute the agreement guar¬
extent of $100,000. To obtain the
amount, or,
common
at a conversion ratio' equal to 10% less than
the closing market price, or bid price, on the New York Curb Ex¬
change the day before conversion, but in no event under $6 a share.
A minimum of 16,666% shares are issuable on the option granted to
Railway Radiotelephone to purchase such number of shares as can
be purchased for $100,000 at a price 10% less than the closing price,
or closing bid price, on the New York Curb Exchange the day before
purchase, but in no event at less than $6 a share nor more than $12.
—V. 164, p. 949.
'
.
members
Union.
plant of
Sept. 28 between the
Electrical, Radio and
agreement reached
an
.
Norwood, Ohio,
the
at
Ambassador Hotel Co. of Los
Radio¬
shares:
share
Workers
settlement
1
Workers are still on strike in La Crosse, Wis.; La Porte, Ind.; Boston;
Mass., and the main plant in West Allis, Wis.—V. 164, p. 1581,
.;
rights granted to 22
promissory notes in the amount of $225,000.
of
The
following
and 1,500
Oct.
seven striking
employees returned to their jobs in September
at the Allis-Chalmers plants in Pittsburgh, Pa„ and Springfield, 111.
:
plants.
to
agreed
exercise
upon
share
One
one
share
corporation
bank
Inc.;
subordinated
of
ever
;
PURPOSE—The
the
common
Air Cargo Transport Corp., N. Y.—Stock Offered—
Its common Stock
Signals,
issuable
are
year,
v
&
company,
Machine
:
being recalled
were
management
guaranty, Aireon granted an option to Railway Radiotelephone to
purchase a maximum of 16,666% of its common shares.
>.:-v
According to the statement, a maximum of 37,500 shares of Aireon
accounts for
of
the other condition of the bank agreement Railway
telephone
this
•
'
To meet
1939,
which
Export business has shown
The present annual sales volume compares with $1,850,000 In
Its last normal peacetime year, and with $18,500,000 in 1943
: *■
Workers
*
,
Air Associates, Inc.—August Sales at New
Allis-Chalmers Mfg. Co.—Workers Recalled—
.
.
"the Manufacturers Trust Co., New York, N. Y., has been appointed
transfer agent for the 5% cumulative preferred and common stock.—
549,370
Taxes, other than U. S. Fed. income tax7—
Provision for depreciation and amortization*—
profit *****—*
Non-operating income—net
Gross
Net
Net
,
The ICC on Sept. 25 approved the purchase by the company of the
properties and franchises of the Belt Railway Co. of Chattanooga. I
—V. 164, p. 1713.
port Corp. was organized to do business for it in Illinois. For its
foreign business the corporation has rights of entry or landing rights ■$
7
in Newfoundland,
Haiti, Puerto Rico, Cuba and Venezuela and a
Alabama Power' Co.—Earnings—r
temporary right of entry into Canada. The corporation contemplates
71946—Month—1945
146—12 Mos.—1945
;
Period End. Aug. 31—
seeking such other foreign rights and wilb qualify to do business in
$2,873,115
$2,783,059 $32,326,439 $32^724,098
Such other states as may be desirable in the course of its business. • Gross ■. .'revenue:'
Operating expenses _u***,'
1,133,373
1,251,435 .11,802,046
13,593,772
Prior to November, 1945, the corporation had raised $100,000 through
Prov, for depreciation**
3,371,496
289,165. /,
280,845
3,529,948
private financing.
In November, 1945, the corporation sold to the b Amort, of
plant acquisi- 7
public 300,000 shares of common stock at $3 per share. The proceeds
tion adjustments
48,766
-T 585,193
; 48,766
48,766
Of this financing enabled the corporation to acquire additional flight '!
General taxes
3,101,076
3,002,778
r—*—■%■;
and other equipment and to finance the deficit in operating revenues
Fed. income and excess
585,744
442,722
[
incident to the commencement of its new business.
'
;«\
1
;
profits taxes —__***_]
4,344,009
2,634j76T
CAPITALIZATION—After gMng. effect to the present offering the
capitalization, of the corporation 'will be as follows:
Gross income
$816,068 •
$759,291
9,662,465 - 9,974,220
;
Authorized ;
Outstanding
Inter, on long-term debt
224,417
238,724 ; 2,872,601
2,899,547
Common stppk (par $1 per share)*—*
Amort, of debt discount,
*1,000,000 shs.
600,000 shs,
income
728,195
*$241,780
*
$2,272,625
54,130
140,227
*$187,650
v
$2,413,052
1,023,000
*$187,650
—_
Federal income tax*—*—
—
807,205
701,953
$1,390,052
———*
——*
Provision for U. S.
1945.* Corporation has
Alabama Great Southern RR.—Purchase Approved—
income
—.*•——_
806,048
__
"LOSS.—V. 164, p. 549 and V. 163,
,
In
This
Issue
.
**_*
.
"
*Of
ercise
which
120,000 shares
the warrants.
of
are
reserved for issuance upon the
"
••
ex*
i;>
and
prem.
5,004
23,158
expense
Other deductions ___*_*'
•
"
17,612
66,812
i02,569
66t,477
Cr712
>
68,596
WARRANTS—Corporation has authorized the
■"■■■
Net income 7**_
$543,489 1 I $503,667 : $6,056,576
$6,903,508
Issue of stock purchase warrants entitling the holders threreof to
Divs. on • pfd. stock**** ,
105,000
.189,082
1,980,405
2,268,986
purchase at $3 per share during the period beginning April 29, 1946
Approp. to special prop- ;
and ending October 31, 1950, an aggregate of 120,000 of the shares
erty reserve / *J.*****7l> 7:
—*L
133,333
133,334
1,451,422
of common stock
90,000 of said warrants were sold to Bond &
Goodwin Inc. and 30,000 of said warrants were sold to-the founders
Balance -**—*i
$438,490
$181,251 $3,942,838 $3,183,100
at a .price of Onecent per, warrant share.
.■
•-,>';f = U
-V, 164, p. 1713.
TRANSFER AGENTS AND REGISTRARS—The transfer agent is City
Bank Farmers Trust Co., New York,
The registrar is Manufacturers 1:
Trust Co., New York.—V. 164, p. 1.
J
^ Allied Home Products Corp. (Wis.)—New Official—
The corporation on Oct.-l announced that Jennis M. Doroshaw, a
STOCK
PURCHASE
,
Stock and Bond Quotations
Page
New York Stock
Exchange (Stocks)
New York Stock Exchange (Bonds)
New York Curb Exchange—
Baltimore
* *
—1888
**1893
—
Stock Exchange
—1877
i*
-1898
—
;*—**., 7*1898
Boston Stock Exchange
Chicago Stock Exchange—************.. **1898
-1899
Cincinnati Stock Exchange*
—***
Cleveland
Siock Exchange*—**
-1899
—
Detroit Stock Exchange
-1899
Los Angeles Stock Exchange**—*
-*1899
-1900
Philadelphia Stock Exchange***—*****
Pittsburgh Stock Exchange
St. Louis Stock Exchange****-..—*---—.
Montreal Stock Exchange
Montreal Curb Exchange*****—£——i—
*.1900
Toronto Stock Exchange*——.—
**1902
-1900
—*
-1901
-1901
•
•
member
Aireon Manufacturing Corp.
Conversions, Options—
The
.
—
Registers Common for
corporation has filed a statement with the SEC
54,166% additional shares of common stock (par 50c).
,
Of the total,
of
37,500 shares
are
reserved
to
P
register
for
issuance upon exercise
directors, officers and others
conversion
and
'
4
•
rights or notes held- by
16,666% for Issuance on exercise of
option held by Railway
an
of
to
interest
Toronto Stock
Over-the-Counter Markets
in
-
Mr.
the
Doroshaw
company
will make his
at
Beloit,
Wis.,
future.
York City in
,
Exchanged—Curb Section*; *.1904
its
the
board, of directors and for many years Financial Con¬
company has recently
acquired a substantial stock
the company and become actively Associated with it as
Financial Vice-President,
^
sultant
headquarters at the general offices of
until
offices
are
established
in
New
the near
^
<
>
The corporation's plants are located at Patersoh, N. J.; Beloit, Wis.,1;
Beloit, 111..
.
/V'
^
and
*l—*——
Transactions New York, Stock
-1905
Exchange —1888
*1888
Transactions New York Curb Exchange
Stock and Bond Averages————* -1888
Miscellaneous Features
News*1861
Sales—1919
General Corporation and Investment
SPECIALIST IN
WUmMBA &
CORPORATE FINANCE
w; JERSEY
DEPARTMENT
mmmmmmmmmmmm
-
q^llen
&
•
,
Telephone:
.
HAnover 2-2600
The Course of Bank
}
Company
NEW YORK 4, N. Y.
Bell Teletype: NY 1-573
Clearings***—*-*-—1906
Foreign Exchange Rates—_—**—--—1908
Condition Statement of
:
'
^.V
Established 1932
30 BROAD STREET
Redemption Calls & Sinking Fund Notices*-1908
Dividends Declared and Payable***
.—1909
SECONDARY MARKETS
Municipal Bonds
MUNICIPAL
'State and City Bond Offerings and
GEARHART & COMPANY
>
'
Federal Reserve
Members New
York
Federal Reserve
Seourtty Dealers Association
Auction Sales
45 NASSAU STREET, NEW YORK 5
Telephone
REctor 2-3600
.
Philadelphia Telephone
•
Enterprise 0015
Bank————-—-*—1909
Banks of
System————1909
;.——**—.——1909
Condition Statement of Member
INCORPORATED
..
Bell Teletype
New York 1-576
A:
1862
FINANCIAL CHRONICLE
THE COMMERCIAL &
--
~
•
Corp.—Proposed Merger-
American Central Mfg.
below.-r-V. 162, p. 2009.
see Aviation Corp.
,
1
of
number
the
directors
Issue Authorized—.: ;i„
holders of 73 r/c of the out¬
40,000
eondi*
of the
funds for the' new building construction
American Colortype Co.—New
The
company
Oct. 7 announced that
on
voted in favor of a proposal to authorize
shares of new cumulative preferred stock. As soon as market
tions become favorable, the directors plan to sell 30,000 shares
shares have
preferred stock to obtain
program.—V. 164, p. 1582.
new
30,
Airlines,
1940.
Inc. has
Syndicate, Inc.—New Officials
John
H.
Sc'nrieffer has been elected Vice-President .. and General
Manager, and Karl F. Milde as' Treasurer.
Mr. Sclirteffer has also
been elected a director of the company.—V.
128, p. 2272.
Co., Inc.
Foreign Power
&
-
profit
-
SUBSIDIARIES—
Net
;
tion
Oper.
'
incl. taxes.
Prop, retire, res. approp.
oper.
*Ffd.
Portion
19,962
5,358
Net
;
r
' ^1
-i
'
■
■
353,827
1,615,808
4,549,282
32,504,800
22,074,118
V
1
,
193,794
,-:J.
1,426,886
1,373,425
32,264,139
5,650,427
5,200,210
3,175,857
26,613.712
vA 1.969
121,963
6,627,096
to
public—
4,549,282
>
- -
...
to
22,074,118
5,732,796
Net
equity
.
16,341.322
V. 164.
26,491.749
16,319,966
:
3,173,888
26,491.749
16,319,966
34,800
88,637
5,202,581
3,262,525
132,917
——„—
295,642
9441
?: •
639,988
79,197
153,037
172,999
surplus
:
R.
of
Corp.—New Chairman
& Chemical Corp.,
of
board
the
directors
of
;
:
,550.-
■„
-
$16,232,464 $16,070,323
and
-
:
debt
3,490,416'
871,188
872,894
$9,845,094
respective periods
to
the
...
v
.
'
SHEET, JUNE 30,
BALANCE
Total income
$326,537; accrued accounts, $3,209,285; miscellaneous current
liabilities, $572; deferred credits, $122,163; special contingency reserve,;
payable,
413.
p.
V
$39,039,086;
earned ' surplus,
$1,625,000;
Dividends paid
Yftrk Sto.ck_ Exchange announced, pn Oct. 4 that it has
"from the above corporation notice that a split-up will be
effected
in
Oct.
1946,
'•
New
31,
stock,
capital
the
of
14, 1946.
Exchange directs
until
distribution
$1
of
par
value,
by
mailing on
share of
tbe
Nov.
v..
•.■>■
V/.';":;:? J,?•?;??•?:>■
14,
1,
must
must
,■■■■?.-?
1,
"Including
the
years
k
The
&
company
on
Sept.
filed
25
a
registration
statement
with
t.
Trading
Detroit
which
in
Stock
time
; 1
registration
429,960
of
shares
Cost
•
As
of
the
warrants
to
close
of
business
subscribe
for
on
shares
Sept.
of
18,
the
1946,
authorized
but
date
when
unissued
of
stockholders
the
warrants
distributed
to
the
of
American
distributed
directly to the stockholders of
other than Ameripan Export Lines,
Airlines,
Inc.
Airlines,
Inc.,
which
which-it
was
entitled
latter
to
company
subscribe
as
purchased
a
American
and
a
••■
of
the foregoing
sales 4he eompany has realized $8,173,632
deducting estimated expenses of approximately $30,740.
$63,152
and
C.
has
of
and
'
312,034
38j704
.
46,734
369,241
employees
?P
44,383
income--——:
on
for
—
•„
Earned surplus
'*
-
-•
—
reserve
for
doubtful
$5,369 in 1946 and in 1945.
in
1946
and
$710,612 in
37,250.
2,086,784
125,000
37,082
2,884,000
1,712,097
2,884.000
1,712,097'
2,510,482
Total'——$9,585,031
•After
$18,737
159,474
44.479
(outstanding 192,351 no par shs.)
surplus
accounts
and
for
1,491,962
$8,552,386
discounts
p.
an
extra
Dividendi-Eamirigft
dividend of 25 cents per
F&R FISCAL- YEA£S ENDED JULY 3*
1078.
$14,006,998
earnings
net
sharel^»^"
r.
'
1945
7
$5,993,835
>
$9.33 t p-; v $3.99
1883.
•
>
letter of notification with the SEC*
A preferred and 30,000 shares
W. Bass,.
B.
J. Westlund,
the proportion that one share of common be issued for every share of
preferred sold to the general public.
Offering, price, class A preferred,,
$10 a share.
There are no underwriters.
Proceeds will be used to,
erect a guest ranch.
for
>
company
30,000
class
B
on
shares
common
Oct.
($10
3
filed
a
par)- class
to be issued to Newton T. Bass, Virginia
Bennett G. Tripp and Joseph A. Ball in
Apollo Steel Co. (Pa.)—Control Sold—
*
"
69-year-old company for $2,500,000 was announced on
Oppenheimer, President since 1918.
Mr. Oppenheimer said that at the request of the purchasers he was
temporarily withholding their identity, but that the new owners would
operate the business under its present name,'"
<
The company had about 450 stockholders, some of them employees,
but Mr.
Oppenheimer and his brother,. O, W. Oppenheimer, owned
Sale
Oct.
of
4 by
control.
Frank
totaling
tAfler reserve for depreciation of $737,985
1945.—V, 164,
declared
7
Apple Valley Bld«r. & Development Co.,; Long Beach,
114,183
$8,552,386*
100,000
-
—
Oct.
per commoft.
162, p.
The
—:—*'
-
87,100
1,936,252
for self-insurance_—
Capital stock
Initial
,
contingencies—
on
.
Calit.—Files With SEC—
management
<_
for Federal taxes
below—V. 163, p, 1152.
"
,
$136,962
173,659
expenses
Reserves
of
?74,726
royalty
—
has
addition to Messrs. Davis, Holder and Guterman,
directors
RESULTS
..
—V.
p-77,286,
1,716,661
—
p
to
Chairman of the board of Arma,,
commander, U.S.N.R.,
and during
Components Group of the Naval
been
elected
Senior Vice-Presldnt
and
become
a
Consolidated
5,175,329
5,852,392
\
$9,585,031
compensation
Y.,
1946
—.——
extra
acquisition
N.
Electronic
Aeronautics,
of
directors
Earnings
—-———
payable
payroll, taxes and
the
quarterly dividend of 40 cents per share on the commonp.
stock, par $21.80, both payable Oct. 2? to, holders of record Oct. 15.v
The company on July 23, last, paid a year-end extra dividend of 50
cents per share..
-
r'},
at approx, cost—
lease
/£..*.
,
properties_-_->^j—1,767,492
license to use tobacco condiunder
/
,
Anderson, Clayton & £/0.-^*Extra
1945
other
■
.,4.. :
formerly
the
of
See Eagle Pifker Co,,
406,000
89]504
"
">
of Brooklyn,
Guterman,
head
board
The
$654,314
<
*
announces
Corp.
Holder
Perry
war
share and
$432,657
"
Anaconda Copper Mining: Co.—Sale of Plant—f
;
$57,754
1946
-
■
—
Reserves
before
3
'the unsubscribed shares, aggregating 368,759, American Airlines,
inc.
is obligated
to purchase 189,061 shares and American Export
Lines, Inc. 179,698 shares Under their respective underwriting agree-!
ments.
Prior
to
call upon them
by the company to take up such
Shares., and as permitted by the underwriting agreements, 25,950 of
such unsubscribed shares are first being offered to approximately 100
supervisory personnel of the company who have been given the right
Of
'
•
hand
supplies,
charges
for
and
Prov.
consequence-
Jr.,
Arma
of
and
'
LIABILITIES—
Prov.
shares to
As
:
Accrued
American
540,000
Inc.
the
stockholder.
and
tioning "-machines
Accounts
war¬
Overseas
Allen,
Manager, In
1945, respectively.
? Total
:
Export
Lines, Inc. and 68,834 shares had been issued to holders of the
i
v
Brooklyn, N. Y.—Acquisition—
^
the
shares had been issued to holders
,
v
management
cost
735,000
(net)---—a—30,777'
warehous
date
to.
Deferred
capital*
stock of the pompany expired, 72,302
rants
on
agreement
American Overseas Airlines, Inc.—Subscriptions, Etc,
—-
<
amounted to
Cur,rent season's crops, harvested or irt process
of harvesting, at cost;
and tobacco of prior
'. season's crops, at allocated cost, but not in
; excess of estimated realizable values
tPlantations
p. 1582.
to
and July 31",
Hogs and cattle, at estimated fair values———
Postwar excess profit tax refund
_T„___
1946, on the
Exchange, at
effective.—V. 164,
became
-
banks and
Farnr and
the common stock commenced Oct. 7,
Exchange and on the New York Curb
*
depreciation
for
•Accounts receivable
the
75,000 share? of common stock (par $1).
Underwriter, Riter
Stock is being sold-for account of Harry Bloomberg, President,
American Metal Products Co.—Trading Begun— A
;
i-t
Arma now includes W. H. Beal, Wm.
R.v
Crawford, Jjv D. S. Harder and Ralph Peo,
The new owners plant
not
only to emphasize and expand Arma's work for the Navy but'
also to extend Its operations into commercial fields.
$1,491,962
' ?- $3.37)
Government securities, at
U. S-
for
Co.
T
General
384,703
''
$2,510,482
? ?
$8.30"
———i
.ending Jujy 31, .1946
-ASSETS—-
Cash in
SEC
the
CONSOLIDATED BALANCE SHEET, JULY 31
-
American Limoges "China, Corp.—Registers With SEC.
,
company
corporation,? which has been forpied by
of
E.
the
577,053
'"-•••>1—" ■
provision-
NOTE—Provision
for
prior to
due-bills
be
"'A
.4;^
for extra-compensation
employees of $87,100;($37,250 in 1945).
.
the capital stock be not quoted ex said
1946; that all certificates delivered after
of Exchange contracts made
accompanied by due-bills; that all
Nov. 6, 1946.—V. 164, p. 1582.
be redeemed on
1946,
———T——?
'*r '-i" • V /*.
Earning? per share-^-'—
-
that
1946,* in -settlement
Oct.
Nov.
■
:*'•
4
t
about;,-
1933.
22,
--\
y
Herbert
$1,876,664
Earned surplus iat end of fiscal year--
'
additional shares to holders of each
two
Oct.
The
.
375,000
$3,087,535
Trust
; >:
Trust
a group headed by'
of all of the capital
which is engaged principally
in the sale
of gyroscopic compasses, gunfire control apparatus and
other devices fpr the U. S, Navy, Arthur P. Davis, one of the founders
of Arma, is continuing as its President, and its operating organization
Will remain intact,
Cr375,OO0
r—
registrar,
organized in Delaware Feb. 6, 1946. On or
Bureau
American jHome Products Corpi—Exchange ^ Ruling—
record
—
$648,561
1,228,103
Total
received
The
63,549
--
*
<
— ;r,
Charles
1,660,000
$1,595,573
1,491,962
»-—^
•
Mercantile-Commerce Bank &
10, 1946...
Mercantile-Commerce Bank &
by
reorganization
Amra Corp.,
,
yearl——
surplus at beginning of fiscal
Earned
being paid.
Mou
was
V,, 164, p. 677.
stock
-
,
Profit'for fiscal year—
164,:.
total,' $518,263,095.—V.
.
in 1945) for past service—.
65,521
paid on prior year's tax assessment—
76,445
prov. for Federal taxes on income——* 1,890,000
Prov.
for estd. Federal tax assessments ap¬
plicable to prior years.;
— -ii—
Restoration of portion of reserve for cotihgen-.
cies provided in prior-j'ears—.—^Cr?5,000
$393,940,452; funded debt, $71,000,000;
Bond & Share Co.), $9,000,000; accounts
(Electric
payable
notes
inch;$39,754i^39,J28/
Interest
'
stock,
LIABILITIES—Capital
3%
*
$2,372,110
$3,602,539
—
Prov; for retirement plan,
are
received
and
predecessor
or
This
securities arid?: a<J\<ances-r-subsidiaries,
etd.*;
$491,177,969;
cash
in banks—on
demand—United States currency,
$5,544,805; United States Government securities ($13,200,000 principal
amount)
(at cost), $13,200,658; accounts receivable, $141,564;(interest
receivable, $1,911,235; other current assets, $12,649; special deposits,
$20,053; deferred charges, $6,254,162; total, $518,263,095.
be
The acquisition of the assets and business
was carried out under the
terms of a
and agreement. Company is engaged in the
manufacture and sale of sparkling wines, principally champagne, and
in the blending, bottling and sala. of various types of still wines*mainly under
the brand name of
"Cook's Imperial
American."—*
plan
1946
ASSETS—investment
Golan.
by Mr.
it succeeded to all the assets and business of American
(now known as Cook's Imperial Wine Co.), incorporated in
Co.
the
$2,304,117
67,993
64,162
/Other income
for fractional
1, 1946,
Wine
of
$4,811,037.
2,259,913
—$3,538,377
——
none
agent
Missouri. Feb.
", ./
Balance
•
whether earned or unearned.
;;
and
must
The company
May
$3,805,703 r $2,551;124*
>
327,326.
.. 2^*007 ?
profit
-——_——
; *Sellingv aflministrqtive $nd .general expense?—.
all. less deduction
shares in
retained
be
also
Co., St.,Louis 1,
■
3,488,12?
$2,601,634 $10;201,'426
applicable
requirements
dividend
*Full
will
Transfer
1945
$7,318,364
3,452,681
soid—
Cost of goods
r
194B'
i
sales
Net
.
expense
.i'.K
„
.
60,184
or
Co., St. Louis, Mo., not later than 3 p. m., CST, Oct.
*
.-■■■-'•
The
of
price per share is $3.60, the same price, at which Mr. Golan
these shares. Mr. Golan,
who may be considered as the'
underwriter of this issue,
is receiving no underwriting, discounts or
CONSOLIDATED INCOME ACCOUNT,' YEARS ENDED JULY 31
2,803,836
2,643,867
rata amount of this issue.
pro
a
stockholders
date,
record
commissions
?:■'?■■-
purchase
to
to
stockholders
The
Co.—Proposed Congolidation—
.
the
acquired
American Sumatra Tobacco Corp.—Annual Report—
753,130
————$2,531,241
.Balance
'
made
is
chased
Kuhri, Loeb
66,734
103,245
in
The remainder of the 120,000 shares Issued but not offered td the
pro rata,
namely, 59,816 share?, are being retained by
Golan, and any shares offered to stockholders, but not pur*
.
v
Co. below.—V. 164, p; 1582.
See Grand Union
i;:
$4,225,952 $16,335,709 $16,137,057
$4,048,068
_
>
company
stockholders
Resignations of three other members of the board, Philip W. Collins,
S. James Crowley and <John P. Wagner, also were announced.—V. 16$,
p.
the
Mr.
Co., have been named to serve on the board's executive commmittee.
&
of
shares, which are not offered.
■
Dr. Keyes and Robert Brown, a partner of
to the board;
not
to
the
succeeding W. J. Froelich, who resigned.
owns a substantial amount of outstanding
Donald B. Keyes, a Vice President of the Heyden company, and
S. Glazier, a partner of Lehman Brothers, have been elected"
Dr.
notes
260,000 shares and the instant issue amounts to 120,000 shares, offeree
stockholders are offered 12 new shares for each 26 shares held as of
has
American
the
of
of the company of record July 8, 1946
Cook's Imperial Wine Co., who have not
exchanged their shares in that company for shares in the present"
company*, excluding Mr, Golan himself and the stockholders of the
company named by him as being closely associated with him
in its
control, 30 persons in all, who together own 126,600 shares exclusive"'
of
the
120,000 shares mentioned
above. 3,000 shares are held in'
Europe and a pro rata offering for those shares will not be made.
Inasmuch as the outstanding stock of the company was previously
-
President of the Heyden ChemlcaF Corp.,
Armour,
chairman
elected
cancellation
for
is offering
to stockholders, resident within the United
closely associated with him in the control of the company,
Golan
(or
284,291
$2,487,687 $25,461,812 $13,775,200
$4,889,222
„
SEC
opportunity
offer
2,237,551
-
the
120.000 shares of
States,
requirements applicable to respective periods whether
dividend
Gross
J
/
surrender
;; the
William
chgs.,
of
and
discount
1946—12 Mos.—1945
$4,205,675
20,277
$4,018,542
643,933
amortization
•:
kwh. for the corresponding week of 1945.—,
aggreigatJa; amouut of $432,000 owned v by' MrVi Golahi In acpordanca
with the understanding of the board of directors of the company and
Mr. Golan at the time of the issue of the
120,000 shares to him,*.
402,590
16,722,556
425,514
26,787,391
532,55*
562,724
deduct.
& other
taxes
Heyden corporation
American Potash stock,
527,987
776,899
130,360
American Stores
29,526
public
to
income tax), expenses,
Telephone Co, (Kansas)—-Bonds Sold Pri-?
1714,
p.
Payments
taxes
interest
(other than
for taxes
registration
the
5,167,781
The
.
1946—3 Mos.—1945
—a—-
other
and
incl.
1943
statement covering. 120,000 shares of common stock
recently became effective.
common stock were issued to Louis E. Golan,'
Wilshire Boulevard, Beverly Hills, Calif., on June 5, 1948, upon
A
-
—
Potash
$4,205,675 $16,232,464 $16,070,323
* ]
■
Total
Exps.
31,
American Wine Co.—Offering of Stock—
21,356
.
3,173,888
5,167,761
American: Potash & Chemical
.
-
148,824
- - -
< v
above)
(as
income
of Dec.
as
Oct
The
PR. & LT.
income
been
42,$62
128,999
19,813
$4,018,542
.
Period End. June 30—
Other
;
,
for
reserve
the output of 74,319,000
over
^
,
32,429
—,
(as above)__
Bernard
■
$4,354,499 $17,009,363 $16,598,310
126,323
.
POWER CO., INC.—
'
values
•
output of ttu electric properties of this company for the week
2L 1946. totaled 90,553,000 k\vh., an increase of 21.85%
Power
.
AMERICAN & FOREIGN
:
"
.
American tVater Works & Electrid Co., Inc.—Output—
v
^
.
; ,Vr 240,661
;
.
market
at
1946
$6 preference stock,
American
962,760
6,820,890
—
Balance to
•
■ m
.
7,370
ta
interests^.—-•
equity > of
com*
inc. of subs.-—
pany
1946,
vately—The company has sold to a group of insurance
companies at par, $1,256,000 first mortgage Vk% bonds,
due 1971; Proceeds will be used to refund present debt,
',
Net
50,776
of $937,982 in
Federal normal income tax and surtax,
(199.200 shares no par), $199,200; common
stock (10c par), $829,300; capital surplus, $3,092,793; earned surplus,
$2,232,439; total, $6,373,957.—V. 163, p. 3127.
\ y, -
402,934
?
—
equity
"'Full
$4,334,686 $J7,138,362 $16,555,448
$4,144,865
——
-ap'plicable
minority
j
wkg,
(net)^L^^iU^;
Fortion
•?.
acqiftsi-
earned or unearned.—V, 164, p. 1713..
'
$4,152,235
—
17,817,170
applicable
Income
$4,862,757 $19,312,925 $18,672,037
2", 174,563
2,116,589
528,071'
603,734
Balance
Balance
$134,175
after that date (market value, June 30, 1946,
cash. $99,064, dividends receivable, $47,945;
acquired
$11,357;
etc.,
Mr.
'2,122,463
2>292,612
513,772
$4,755,969
to' pub;
on
16,162.614
2,700,548
net
Expenses
$5,376,529 $21,605,537 $20,794,500
r 661,098
——
capital
3,402,646
.
CO.—
16,432
,
$5,417,067
——
—-
;
30,66ft
;
86,373,957.
$8,868;
and
AMERICAN
$5,194,648 $20,823,060 $20,062,657
181,881
782,477
731,843
to; public,
and other, deduction?-.:
Exchange adjs.
40,854,048
,
9,924,372
-•
Net equity of company
in income of subs-
interest
divs.
<"$220,968
$6,226,948;
LIABILITIES—Reserve
filed whh
$5,241,083
175,984
(net)——'
Balance"
50,283,222
—
minority interests
-
♦Preferred
542,166
8,305.755
Dr25,235
Balance
'
Net
40,311,882
386,709
public
divs.
Interest
income ■ —-
49,896,513
175,133
Total
income—J
income
8,130,622
9.949,607
total,
$5,200,006 $20,843,022 $20,079,089
$5,247,034
revenues—
6.011
Gross
10,706,413
if
cost
$18,490,418),
ended
1946—3 Mos.—1945
$23,917,622 $20,963",860 $91,721,382 $81,063,092
.17,128,797 . 14,338,103
64,261,485 55,037,945
1,541,801
1,425,746 . 6,616,875 ; §,9.46,058
(net)
Other
10,458,194
revenues—(net)
to
Balance
Rent for lease of plants
Operating
2,566,349
2,631,719
adjustments
Other
Net
9,677,773
■■'Transfer' to
6x
from
franchise reserve
">
.
' ' 1946—12 Mos.—1945
'
\ ,'
revenues
exps.,
22,037,624
11,183,116
deductions,
Balance
3 AND 12 MONTHS ENDED JUNE 30
Period End. Juhe 30—
Operating
10,899,436
2,406,780
at
or
,
,
RESULTS FOH.
SUBSIDIARIES—
6,499.128
———
Amort, of plant
scries due 1967 and $80,000,000
convertible debenture 4% series due 1977. The balance would be sup¬
plied from the available cash balances of Foreign Power..
> <
.
<"$181,075
106,893
24,020
18,902
9,500
debenture 3%
fund
sinking
53,107,845
Gross income
necessary
000,000
15,940
18,447
\
10,883
BALANCE SHEET, JUNE 30,
ASSETS—Investments—stated
135.841,537
55,250.379
—a.
income
other
■
137,687,638
4,479,837
——2,787,541
oper.
Interest
•
12,846.064
taxes
taxes
Other
cash to retire the existing debentures and preferred
Issues would be raised by the sale of two new debenture issues, $35,The
19,499
18,686
',-■?•
sold or exchanged
securities
on
.P?
32,448.941
expenses
Property retire, and de¬
pletion res. approp.—
preferred stockholders of the company Oct. 3
filed with the SEC a compromise plan for the reorganization of the
company under the terms of the Public Utility Holding Company act.
The
stockholders,
known as the Norman Johnson group, propose
the retirement of $50,000,000 5%
debentures due in 2030 at the call
price of 107lh. The plan also provides that (he $7 and $6 present pre¬
ferred shares receive $100 in cash for each share plus one additional
share of new Foreign Power common for the $7 preferred and four-,;,
fifths of a share of new common for the $6 preferred. The second
preferred publicly held stock would receive 134 share? of new common
instead of one-half a share provided for under the joint plan filed
by Foreign Power and Electric Bond & Share Co. Under this group's
plan, Bond & Share would receive 1,057,446 shares and the surrender
by Bond & Share of its* entire investment in the Foreign Power systern- would be required.'
'
v. •
,
a
'
".,■■■"'$
.
13,804,280
revenues
Operating
Federal
$
-
V
i 33,652,984
Operating
Compromise
—
1946—12 Mos,—1945
1946—3 Mos.—1945
Perio4 Epd, Ajug. 31—
Other
-
;
'
second
of
group
v:
$.433,871 in 19*5, $14,920; in 1944 and $174,184- in 1943.
(&-Subs.)—Earnings—
American Pdwer & Light Co.
Plan Filed With SEC—
A
1944
" 'V; 1943
$264,855 V
$207,764
1945
$230,123
<
......
*
American
—
•
'
Druggists
American
1
'
;
,
'Before
'
»
£': American Superpower Corp.—Earnings—
—
Vp '1
'
,
Sept.
on
American
standing
1
6 Mos. End. June 30—
Q 1946
:
'
■
;/'•%>"
'-r'
Cash d(vs. and interest
v $196,333
informed the company that it has ex,v
Expenses in Issuing and
pressed its willinginess to purchase on or before Nov. 1, J949, for $12
/vPpfransf^ot; stks., legal
per j share,
and .no,more, any shares of ?tock so offered to officers ?
expenses, etc.
25,512
and supervisory personnel and pledged by them to secure individual
All other expenses,—, !
18,288
bank loans that-may be obtained by them on or before Nov. 1, 1948
Taxes
,??.-?? 6,028
for the purpose of obtaining some or all of the funds applied by them
in payment for their subscription if default occurs on such loans and
Balance
?-?
'
*$146,507
the lending bank -is, as a consequence, entitled to sell such pledged
Preferred dividends
354,260
stock.—V. 164, p. 1714.
'
. 1
<
•
cash, for <
board of
1946, to subscribe at $12 per share, in
shares allocated respectively .to them by the
hefore Oct? 16,
or
on
Monday, October 14, 1946
...
,
1
■
;
this
A. M.
The brothers are retiring.
r
*
•
Oppenheimer, son of the President, who is Vice-President in,
is expected to continue with the' new interests.—'
charge of operations,
V.
155, p. 1301.
\ \
;
'
share on
of record
made on
$1 per
the common
holders
.Dec. / 20.
A special distribution of 20 cents per share was
"Oct. 1, while on March 1, June 1 and Aug. 31, last, quarterly
4at the last-mentioned rate were made.—V. 164, p. 1532.
have declared a special dividend of
stock, no par value, payable Dec. 31 to
directors
The
payments
,
reccramenadtions
A
'Other taxes
/Charges
1
1
lieu
in
82" 059
Rent
income
V
189,000
$277,336
$3,511,840
1,310
800
99,318
(net)
-V'*1
Gross income
'•
;V.15,750
$291,360
Operating-income
!V«;;
15,750
/•'■"
(net)
Other
$292,670
73,013
tion"
231,600
this
$1,859,269
$1,550,504
Balance
:
—
—V. 164, p.
plants
already
in
551.
Arlington;Mills, Lawrence, Mass.—Acquisition—
See
SEC—
■
;
issuance upon conversion of preferred.
Philadelphia. Price, $25.50 a pre¬
share.
Company will receive pro¬
ceeds from the sale of all of the preferred and
100,000 shares of
common.
The remaining 50,000 shaTes of common are being sold by
three stockholders.
The estimated net proceeds to be deceived by
the company, of $2,300,000 will be used to pay off bank notes of about
$1,100,000 and to purchase additional machinery and equipment in
the amount of $1,200,000.
.• ■ .'//■.
r
of
common
Underwriter,
-/■
*
1
reserved for
Newburger &
ferred
_
and
share
$12
a
xnent
To
Hano,
"New
163, p. 774,
asterling.-V.
■
Old
Colony
Co.,
Trust
-w.;-
3RV. Pper, revenues^-^.
oper.
tax
28,105,280
4,313,404
expenses
Accruals.
which
Propeller
the
the AVCO Tool and
of
balance
the
also
voted
4
The
and
sale
Barber's
of its
interest.
favor
in
of
j
amending
.
the
•;
"•/'•
• •
-
-
.
company's
'
1946
to sell
contract
a
(as pre¬
"
in London by Which
Co., Ltd., all of Barber's
executed
Was
to The Shell Petroleum
interests
certain
in
i-
■
•
royalty
entered
agreements
the
and
companies
and
important
more
amended,
in
York
New
and
into' in
known 'as
are
"
•
^
supplemented
as
price is $25,000,000, and is to be paid in Oash
assignment of Barber's rights
the-royalty agreements later described. - -
against delivery of an
interests under
(b) The sale was 'subject to Barber obtaining a closing, agreement
from the United States Commissioner of Internal Revenue to the
!'■;'
effect that its gain on the transaction will be taxable upon, a
capital gains basis. [The company on Sept, 25 announced the re¬
,
ri
.
affiliates
and
provisions of, the contract,
summarized as follows:
be
may
*•-'7 K: <a) The purchase
(
subsidiaries
their
"Royal Dutch-Shell Group."
The
ceipt of this closing agreement.—Ed.]
The
vm
"•
management
$19,000,000
related
the
Aug, 31—
'
Joint facility rents,
SALE
1,644,516
2,454,295
265,969
1 99,825
.305,133;..
178,023
.
VW.rt r.v
Net ry.
income,;
oper.
'
•
r,
.
7.
■
u,..a
y " /
continued
^
,
to
receive
oil
royalty
'
OF INTEREST IN REFINERY
PERTH
AND
itQ
up
•'
* •
•
'•
the
"
(
date
;
TERMINAL
4
i
refinery
and
..-
.fyty-ti'.-■;> Ma*
AMBOY
terminal
is
facilities
The
.
»
,
.
.„
>
;
%
property is expensive to operate and maintain.
Local real
persohal "property taxes are substantial.
The hil refinery
and
be profitable if operated at capacity. The refinery was shut
during the greater part of the war and earnings for a number
.can only
down
3,310,762
<
>
.
usable.floor space.
-estate
30,471,018
139,688
400,74%;308,290
-v
< %
book
d&ily processing capacity of 15,000 barrels of crude oil with
totalling:. 2,500,000 barrels.
There is an office 'and
building having; approximatesly 40,000 square beet of
ery has a
1,303,126
1,237,544
3,669,111
315,707
-
after payment of
value of
the royalty
^administration
16,136,055
68,423,505
12,951,423
32,632,571
1,807,400.
4,016,790
IV.
v.t
.
3,011,634
.
Other, income^-,;
4
,
.
corporation's
storage
6,589,200
net'
The
,
to
$18,000,000
of
located on the Arthur
Kill at Perth Amboy, N. J.
The property comprises approximately
233 acres with a frontage of 1,300 feet .on deep water;- The property
has adequate .dock facilities and is served by the Pennsylvania RR.,
the Central RR. of New Jersey and the Lehigh Valley RR.
The refin¬
$3,418,566 180,515,733 v|87,479,604
5,139,306
iRquip. rents^ net^jriri r
,
The
1946—8 Mos.—1945
$"
$
24,232,229
balance
applied to the British Treasury and has been granted
license to make payment of the purchase price
Barber
.closing.
30,007,766 196,651,788 255,902,509
Nfet t'evcntife Trbtn ky.
operations
^Ry. tax accruals^_^w
■
AT
1946—Month—1945
'$
$
,
taxes.
,
a
necessary
(c)
■
99,371,535
Ry. <?per.„expenses_^u.
$330,000.
that
the purchase price
from
and
expenses
in xiollhrsy
;
estimates
will remain
Shell has
6ct. 4 directed that beginning
on
Baltimore & Ohio RR.*—Earnings—•
t.
$
to
the
,
proposed consolidaton, AVCO
Vultee
Aircraft Corp.,
New
York
6tock Exchange
York
"opMr. freyehueS '—
45,282,363 ^7f,719,768 379,112,392
30,522,931 205,7e0,728 227,119,963
9,784,126 35,825,849 107,145,146
^215,449 = 6402^5a;
36,824,407
Ry.
Ry.
New
Period End.
$
'
11,
and
v„
1946—8 Mos. —1945
1946—Month—1945,
s*-$
Oct.
company
for
1923, 1939 and 1941 (two in the last named year), as amended/and
supplemented.
The prospective purchaser is a principal subsidiary of
ri the
Royal Dutch Co. for the Working of Petroleum Wells in the
Netherlands Indies and vf The "Shell" Transport & Trading Co., Ltd.,
18, 1946, deliveries in settlement of Exchange contracts in common
stock may
be made only with certificates stamped to indicate the
change from capital stock to common stock, or new permanent certi¬
ficates.—V.» -l64i
950.
■
Period End. Aug. 31-
July
rights
are
resi¬
Oct.
and Manhandle ft
(Includes Gulf, Colorado ft Santa Fe Ry.,
Santa Fe Ry.)
in
involved
this
1946,
••-•V'4, interests, is
Boston, Mass., has been appointed
and preferred stocks.—V. 133, p. 289.
Atchison-Topeka & Santa Fe Ry^Eamings-—
interests
American
at
become
Amboy Refinery and Terminal
en
SALE OF VENEZUELAN ROYALTY INTERESTS
.
On
Form of Certificate—
•;
agent for the common
to
dies
and
held
special meeting.
Fay IG-Cent Dividend—
The
Associated Textile Companies^Transfer
"^transfer
tools
share
record
Jan. 3
.
-:
The
machine
and
per
of
on
as
Barber agreed
of
made
be
Detroit;
11,
stockholders
r.
-
subsidiary
cehts
20
of
the abovementioned sales
viously announced by the company) follows:.
at
units
dividend
a
.Details regarding
Thfe directors bfrThe ? Aviation Corp. on Oct. 4 declared ft dvfldend
10 cents per
share on the corporation's common stock, payable
Dec. 20 to holders of record Dec. 5, J946. A similar disrtibution was
made on May 27 to holders of record May, 1946.
The dividend just declared brings payments with respect to the fiscal
year ending Nov. 30, 1946 to 20 Cents a share on the common stock,
the same payment as was made with respect to the 1945 fiscal year.
common
at the Bankers Trust Co., trustee, 16 Wall St.,
York, N. Y., and will be computed at the exchange rate for pounds
will
this
Spencer Heater, both at
door operators at Horton Manu¬
heating
i
to pay any objecting shareholders in cash the full market
./value of his stock in the event that he voted against the two sales at
has investments in Consolidated
Shipbuilding Corp., American Airlines, Inc., Pan American Airways
Corp., Roosevelt Field, Inc. and Frozen Food Products, Inc.
.
Aroostookgalley RR.—Partial Redemptibh—
There have been called for redemption on Nov* 1, next, out of
Moneys in the sinking fund. £3,600 of first and
refunding mortgage
4}/a,9e 50-year-old bonds, due July 1, 1961, at 105 and interest.
Pay-
.
corporation.
and
wholly-owned
divisions
commercial
In addition
/•/,.
4SEC
-
four
another
Corp., Toledo. The latter corporation will
Machine Division, Mr. -Emanuel said.
With
The company on Sept. 27 filed a registration statement with the
for 53,648 shares ($25 par) 4&%
cumulative convertible pre¬
ferred and 150,000 shares
($1 par) common.
It also covers shares
j
The
Williamsport, Pa.; automatic garage
facturing, Circleville, O.; precision aircraft parts at Republic Aircraft
.
Philadelphia—Registers
to
between
July
by-laws so
O.,
contract
declared
8
meeting
option With respect
Manufacturing
.4jhe_-hianufacture of aircraft engines at tycoming,
and
Products,
Co.,
Hosiery
Cincinnati
in
are
n -
the stockholders approved a
Shell Petroleum Co. ltd.,
Venezuelan royalty In¬
terests, and a
contract between Barber and Standard Oil Co. r of
California, dated July 31, 1946, for the sale of a 55%
interest in
Barber's refinery and terminal
at Perth Amboy, N. J. and for
an
and
present
in
dential
above.
Corp.
Arnra
Artcraft
under
AVCO's
164, I>, 551.
Brooklyn, N» Y.—Acquired—
plants
Oct.
cm
special
a
dated
and Sandwich, 111.
^
•
Corp., Connersville, Ind., produces
cabinets, and civilian jeep bodies for an auto¬
The
corporation
also
manufactures
refrigerator
Central
company.
engaged
'
Arma Corp. of
in
'iftmum
contract
in June, 1945. The cor¬
New York, in August of
manufacturing
liquidating
the
At
the
controls
kitchen sinks
mobile
See Monomac Spinning. Co. below.—V.
WINS
Station
principal
Coldwater,
American
steel
cabinets
r
Radio
Crosley's
;
the 10-year 6%
convertible sinking fund
short-term loans and liabilities
working' capital.
'
•
in
'-■Approved—
,
by AVCO
purchased
was
average
,V."
.
from
used
additional
ests and Interest in Perth
Crosley radio broadcasting properties
through its control of The Crosley Corp,, but if further Commission
approval is necessitated by reason of the more direct ownership now
contemplated, the proposed plan will be submitted to the Federal
Communications Commission for approval.
1
't '
In
September,
1945, AVCO acquired controlling- interest in New
Ideas, Inc., which -manufactures farm implements and machinery at
$2,159,113
608,609
surplus-.
acquired
year.
AVCO
392,000
*$2,467,878
.
608,609
to
Cincinnati,
that the total dis¬
of 50,000 copies per
anticipated
an
v
Barber Asphalt Corp.—Sale of Venezuelan Oil Inter¬
-
and Richmond, Ind.
^$3,495,670
912,280 ::ri 944,557
13,000
13,000 '■
income
' Balance
in
poration
$3,332,034
163,636
$200,596
$192,123
dividends applicable to pfd. stocks for period
net
:
<
-4
r
<*
,
It "Is
reach
;
.
capital; stock, payable Jan.
7,
1947, to holders
27, 1946.
Distributions of 10 cents each were made
and July 23, this year.—V. 152, p. 671; V. 132, p. 498.
Controlling interest in Crosley, nationally-known manufacturer cf
i?;.:;radios,;,and .refrigerators,c^and opeiator of WLW,.i "The. Nation's Sta-
$3,611,158
$278,136
79,074
•*,
charges—
reservations of
■
be
provide
and
will
,
Dec.
!v;
•
Interest, etc.,
practices.
to
are
The directors
on
case, operate as they have in the past with the
personnel, maintain the same identification and follow the same
policies and
>1
,i:
•.i 'y
Miscell,
f: 98,000
of plant
lease
for
■
/"'
$3,430,034
.
Bankers Bond & Mortgage Guaranty Co.—Larger Div.
,
.
year.
produce a
companies
They will in each
same
;
$3j7.0d,840
$293,086
$307,110;
the
businesses of
and home appliances in¬
methods
and means of
?r-distr.butlon,'' -Mr. Emanuel pointed out. < "The companies will complement each other ■. inasmuch as there fcre no serious competitive
condtiions.'obtaining In the production and sale of their respective
products."
<
The three subsidiary companies Which are beihg merged with AVCO
V" Will functlon as divisions of AVCO.
1
jl
' ■
1,739,322
'H
L,l359;729 ,C.: / 822,948 •r.'
-
and
a
PURPOSE—Proceeds
and to
-..v.1
'
.
mils:;
:.
plants
various
launched,
"Contact"
within
notes
•'
'
res. vapprop.
companies with AVCO, the
three
widely diversified' line of equipment, parts
volving?, differing
markets
manufacturing
.
in-
"The
Just, been
tribution. t)f
issue
during November.
j<:latter will be engaged in the fields of radio broadcasting and manu¬
facture of radios, "refrigerators,
kitchen
sinks and
cabinets,
jeep
sV* bodies, and a wide range of farm implements, and equipment,
1948-112 MoS.^L945
'^Yj-S.21
taxes
come
Trop. retir.
of
-has
will be asked to approve the
boards at special meetings to
companies
respective
•■^•Following this consolidation of the
$13,463,818 $16,887,1329
7,792,181 / 8,370,796
286,654
' 161,512' - 71,456,973
' : 87.B22
l,t)72,580
1,"067,556
.108,155
& A, 88,&25
Federal taxes
:
their
of
>•
(^—Earnings—
Period "End. July 31— *'
1945—Month—1945
Operating revenues
$1,309,499 $1,476,536
Operating.' expenses
734,364 •
727,115
-
held
be
v.;A
Arkansas iPower & Light
of-"the three
Stockholders
•
Dividend—
". .Arcliei-Daniels-Midland Co.—-Special
>
1863
the; commercial & financial chronicle
umber 4533
.Volume 164
»
•
of
have
years
not
been
Royalty oil
satisfactory.
received
in
recent 4
,
Total fncbme
•
'
39,745,127
29,897,742
3,810,250
3,878,667
Net ry; oper, income,
—v. 184,p. 1326.
-
•* v;'.
Misc.
deductions
Fixed
-
chg.
int.
Line
RR,—Earnings-^
Oper.
1946—8 Mos. —1945
1946—Month—194S
-$
■
$
—9,632,263 10,425,582
9,342,734
—
9,102,848
revenues
OpeT.
expenses
Cr200,000
-
98,288
rents
^
:581,B86"-
-
'497^73^1,006,528 -
745,303
1,001,59'7
1,%13,353
10,738,098
16,441,151
801,671
6,107,093
«,408,57%
657,663
-
;
877,173:-
76$,066
—.
Net income
976,271
—.,
Venezuela/has averaged, while ocean tonnage was available,
approximately 5,000 barrels a day, so that Barber was forced to purchse oil in order to operate the refinery at capacity,
If the Vene¬
zuelan royalty interests are sold as proposed, Barber must either S"h»fc
years from
The
pendent
refining oil purchased in the open market and distributing 4
over
Excise
friri >•
tax
5,685,334
4,034,093
3,456,110
3,376,926
32,871
19,470,390
7,523,074
26,505,657
3,658,341
C
'i &.■?.
V
-
,
A
f.
■
.
'
Atlantic Mutual Insurance (da.—Two New Trustees—
Joseph P. "Grace, J^.y President tit W. R. tlrace & Co., Ahd Thomas
A. Morgan,
Chairman of the board of Sperry Gyroscope Co., Inc.,
Iiave been elected trustees Of Atlantic Mutual Insurance Co., and its
-affiliate, Atlantic Mutual Indemnity Co., according to William D.
'
-
"
'
Total
fDeficit."—V. 164,
$5,160,000.
>4
p. 1714.
^,.(b)
the boards.
'
,• "
succeeds George Doubleday,
retired, is also a
^irectdr of the Gthce -m^lftc.^1he-;Nati0niil;City. Rank, the Northern
-insurance Co^ and other corporations.
.
Mr. Morgan, who (succeeds the late William B. Warner, is also
"Chairman of the board of Sperry Corp., the Ford Instrument Co.,
Inc.
and Vickers,
Inc., and a director of Shell Union Oil Cprp.,
the Lehman Corp.; the Wheeier^^immlated: W^
several
'
.
>
organizations.-r-V; 163, p. 1418.
*)ther
1
Co., New York, on Oct. 9 offered $60,000 10-year %%
b6riv^rtible sliiking fund notes at 98 Vz and interest.
1 .,
:
Dated
office of
>
i
redeemed.—V.
4been
.: ?
(The)
*
.
^
:
6 r/o
stock
.
.
•Corp., were approved by directors
AVCO
stock
■
*
4;1
•
-
■
preferred 'stock
been
taken
for
notes
directly
stockholders.
The
by
of
MSTORY
■.
of-New
of
,
AND
Jersey
authority
Three
be
the
•'
by the
29,
State
the corporation
is
corporation
and
„
owns
to
the' preferred.
tAs of Aug. 27,
of $40,000
was
.
?
issue
from
($60,000)
-iv:
*
r, >
..
i,
Up
being
•
"Contact"
until
the
restricted
was
news
corporate
services
the State
certificate Of
aviation
covering
'
-
,
nationM
and pabIisheS"*Gontact'>—Aviation's
first
to
founded in
of
this^
1934.
year
direct-byr-mail
the
California
circulation
subscribers.
of
The
Barber declines.
has the right at any time between
4"
•
.'■"4:
JO) .If:either California or Barber
the
at
new
.the'
company,
Jan. 1, 1952
aggregate
"Contact'' was
number
average'
v":''X'.:" '4 if-S',
wishes to sell its interest in
the other has the right to purchase the shares
par value thereof,
plus an amount equal to
'Simple interest at the fate of 5%
chartered by
a
per annum,
less the amount of
dividends received, as above provided.
:'
■" ,* 1
"»
_vDuring such time-as Barber controls the operation of the
4.'/ Pitch Lake, Trinidad, B. W. I.,, but in no event after Dec. 31, 1956
f
(when Barber's present lease ends), it is contemplated that the
hew company will maintain and operate (to the extent of .present
capacity) such facilities as Barber-may from time to time require
.'•••/ for
the unloading,
storing, processing and shipping of asphalt
.from the Piteh Lake,-: Provision is also made for the maintenance
of facilities by the new company for the unloading, storing, refin¬
ing and shipping of Barber's Venezuelan royalty oil, and such
other .oil as Barber may hereafter receive from reserves which «
f 4; .may own or in which it may have an interest. .
;;ri
^
' A charter has been obtained for the intended new company.
The
name selected is "California Refining Co.," and the authorized capital
stock Is 100,000 shares of a par value of $100 each. Stockholders Will
have cumulative voting rights in the election of directors.
It -is exy
-
»
■
■
}
of copies sent by mail for the last half of 1945
per
Issue
(6
months
average).
An
intensive
was
10,876. copies
campaign
subscription
U. S. Paftent Office) William B. Dana Company, Publishers, 25 Park Place, New York 8, NV Y.. REctOr 2-9570. Herbert D. Seibert. Editor and Publisher;
Manager, Published twice a week [every Thursday (general news and advertising Issue) with a statistical Issue on Monday]. Qtner
0613); 1 Drapers' Gardens, London, E. C„ England, c/o Edwards ft Smith. Copyright 1946 by William B. Dana Company. _Reentered
•as
New York, N. Y., under the Act of March 3, 1879. Subscriptions in United States, U. S,' Possessions, Territories and Members of
Ran-American Unioh, $26.00 per year; in Dominion of Canada, $29.00 per year.
Other Countries, $33.00 per year. NOTE: On account of the fluctuations in the rates of exchange, remittances
lor foreign subscriptions and advertisements must be made in New York funds.
•. .
' . rii, v
ri , <
.•
: ; / •
The Commercial and Financial Chronicle (Reg.
Dana Seibert, President; William D. Riggs, Business
135 S. La Salle St., Chicago 3, HI, (Telephone: State
second-class matter February 25, 1942, at the post office at
William
offices:
■>
■i: 1
L r
t
'X
4
$500,000 par. value
June
shares.
.""
com¬
a juvenile edition, "Contact Comics."" Business and
publishing office of the corporation is at 15 West Clinton Avenue,
Tenafly, N. J,,
where "Contact"'is printed.
An
advertising and
circulation office is maintained at 113 West 42nd Street, NeW York,
N. Y.
.
'
.
.
how
of
aggregate of
30, 1952 to buy all of Barber's shares in the new fcomkt the par value thereof (which the contract provides ^shall
be $100 per share), plus an amount equal to simple interest at
the rate of 5% "per annum from January 1,1947,
as respects
shares acquired by Barber before
that date, and from date cf
acquisition as respects shares'acquired thereafter, less in, either
case the
amdunt~ of any* dividends* received by Barber on th®
officers
i newspaper—and
of each company at meetings held
--
(d)
53,917 shs.
principally
^ *•
granted
render
an
pany
New York on Feb. 24,
1942.
The purpose
publish and distribute newspapers, magazines,
and
for
company
gation to. take, up so much of any subscription as
"
of
to
periodicals and books
and related activities.
The
1942,-
■
the new
at the time of their respective stock interests, provided
Bairber may decline to participate in any such subscription,
which event California shall have both the right and the'Obli-
in
and
value
face
a
authorized
the
of
:
of
corporation,
balance'of
will, subscribe
sell to California 55% of its shareb pt
amount in cash equal to the aggregate
plus 16%.
Simultaneously Barber and
portion
*13,700-;
and
an
shares,
of the
that
$100,000
1
Redemption.
issue
BUSINESS—-Company
Jan.
issued
•
,
purposes will be supplied by California and Barber by cash sub¬
scription at par for capital- stock of the new company in the pro¬
Outstanding
75,000shs.
to
is
this
'
owns
approximately 90^ of the outstanding capital
both Crosley and New Idea» and approximately 61% bf
.American Central.
•
Under the proposed plans the minority-stockholders
of the three
«ompanies will receive shares of common stock of AVCO in the ratio
of four shares for each share of Crosley, 3% shares for each share
of New Idea, and 2 ys shares for each share of American Central.
1
'
Oct
additional
subscriptions
had
and
Chairman, announces that plans by this corporation
the assets and business of three associated companies, The
Corp., New Idea, Inc., and American Central Manufacturing
Authorized
$100,000
stock-■ 60,000
shares outstanding are subject to call and
last,
financing}—
this
of
(this issue) ...Li i
prises the present offering-. "*
Victor Emanuel,
•Crosley
completion
(par $2 pet share)_;;w
preferred
.-•No
I
$o acquire
von
(upon
for
\t) Such additeinal funds as the new company may from tfihe
to time require for additions, improvements and other < corporate
the
at
■
„
164, p. 1583.
Aviation Corp.—Plans Acquisition of
2
July
of the
stock at the option
of each fiscal year
common
on
'4
$100, $500
Denominations,
fi
t,
to provide initial working capita,
California to subscribe for 55% and Barber for 45%...
shares
after . July 2,; 1949.,. Trustee^; Commercial Trust Co.; of : New Jersey.
CAFlTALIZATiON
Subsidiaries—
*
into
payable
the trustee., >
1955.
2,
Value
of
at the option of the; holder, he "converted into
common
stock
of
the
corporation at the rate of $3 per
share if
converted on or before July '2, 1948; $4 per share if converted be¬
tween July 2, 1948 and July 2,
1949; and $5 per share if converted
on
.'
i■i.-.H-ri4
patties Will organize a new company to which Barber
its property at Perth Amboy in exchange for shates
stock of the hew company of an aggregate par value
company
California
Lhese notes; may,
.'
^
-
July
Interest
"%6%~ conv. s.. f. motes
Oct, 7 approved a proposal to tocrease the
Authorized common stock, no par value, from 200,000 shares to 1,000,000
shares, and to the present outstanding 166,885 shares on the basis of
Jive new Shares for each share held; .
The stockholders also authorized the cancellation of 2,250 shares
-of 7c/o first preference stock, par $100, and 2,000 shares of 7% noncumulative preference stock, par $100, all the shares of which have
stockholders
due
Convertible
noteholder.
■
1945;
2,
$1,000.
and
^
July
common
«rhe
b'-t,
&
G
Atlas - Steelsi
>,
4,,
management
of California,
Barber will then
new
par
Aviation iPress, Int.—Notes Offeted—L. H.:Rothchild
;
who
Mr.-Grace,
the
convey
capital
the
Winter. Chairman of
-
situation
this
fa7 The
will
'of
,
•
of others will prove profitable -
has negotiated a contract
dated July 31, 1946, thb more
important provisions of which may be summarized as follows: * "j.
-15,397,221
meet
equal to the book value Of the property at June. 30, 1946, namely,
una 1944 have heen revised to In¬
R. Co. Railway tax accruals
Jmclude credit adjustment of
$700,000 for estimated excess profits
«redit Carry-back;—V; 164,*p. 1199.
* * ~
' * ; r
'
•
-
products through the sales outlets
a
period of years.
To
ri
a/« RR. retirement act
Tax «7c :RR. :unemployment. Ins.
Federal Income ^axes^_;^L^«^ufrUww~<;^.
^Deficit Notes—Figures for 1945
T
on
With the Standard Oil Co.
clude results of operation Of A. B. Ife C. R.
.
or buy,
as
available, all of the crude .oil to be
management does not believe that ah operation de¬
refinery
processed.
the
.1,748,038 tlS.150,113
the
down
,
interest -'on :
SWed debt
3,512,362
2,538,860
4
33,781,780
116,488
;
1,343,594
^Include:
Equip, and joint facility
3,447,978
90,904
16V,109
funded
on
Contingent
"
$ '•
84,510,319 103,935,830
77,877,987
74,820,625
5,100,000
19,917,509
786,887
141,529
Taxes
debt
debt
Period End. Aug. 31—
:;V 'V>sV'•
int.
4,069,854
than
other
funded
on
Fixed
Atlantic Coast
-
3,327,341
77,301
'
/
* v.-
iV:
*
•
'.awiii,»*r a-An rr
—
„...'
...
';.
.
,.*.' '
.
,; '
"'
*
'
'
'"'
••• •* ---v
iv
1864
'
J
^
••
■»
*
COMMERCIAL & FINANCIAL CHRONICLE
THE
'■V '>}>■"■
I***-,
',;ty ,iy>
:-".v.-... --i-i -i
directors'"of the
the first
Barber;
of
R.
Monday, October T4;'l 946
■
Boston & Maine RR.
'/. said that the program has recently been coordinated and. expanded
new company wilfhe Tv Rieber,
through,, the organisation of a Special-Products Development Group
President of California; W. E!f
and
the appointment of "Dr." Harner Selvidge,"formerly 'of Johns
Endter, President of The California Oil Co., a subsidiary of California;'
Hopkins University, as director.
Dr. Selvidge joined the c'ot|i6iiatlori
Fred Powell, ^formerly Manager of the refining division of California s
'■I in December, 1945.■
El Segundo refinery;'ahd W. L. Kallman, General Sales Manager or
"The perfection
of techniques for operating missiles and pilotless
Barber.
It is expected that T. Rieber will be the first Chqirmari of
aircraft will make an ultimate contribution to the safety, performance
the Board oi; .Directors of the new eompanyand that he wHl.scryq
and control of conventional aircraft," Mr. Ferguson said,
"as^well as
•without' compensation, v.;,;,"'..V
President
•..•'."
•
"•
■
pected that
. .,
.
V;
.
Pollis,
G.
,
It
.'
also
is
in the contract of
provided
,
-
,
,
of
operation
the
managing
now
17
_
'
.
for
■/'''•"
"
management believes that a substantial part of the net proceeds
proposed sales will be available for purposes other than the
'Support and development of the interests and operations described in
?jthe preceding paragraph. It intends to retain the proceeds in the
,
;
V.
164, p.- 1583.
| '«'/'M''4 v jki. '1,1'
,
SEC
company
for
Ind.-»-Files With
sale
of
at
10,000
recent
a
shares of
this
of
directors
appointment
f --
as
per
quarter
dividends
was
of last
$1.26 per
profit
Net
sales
1945
1946
$1,054,064
$0.78
.....
Net
•;
«
sales,
.
h\- ing
&
inter-company
of
Cost
sales
and
tRepalrs
Advertising
—
Insurance
,
,
—
——'
Taxes
Other
I
—
annuity
Retirement
Other
f
„—
£ Interest
.
premiums—
selling and delivery expense
administrative expense
for
Provision
175,243 ;
111,614
340,773
22,797
28,671
w--
—
Rent
depreciation..-
4,651,288
1,049,622
1,379,990
296,338
maintenance™
expenses
-
...
:
> 3,635,642
Balance
Other
ili
'
income
g" Total
3,331,205
__„u
Estimated provision for Federal
;f' '
Income taxes..
Consolidated net profit
-
milk
1,870,205
—
■
•
to
,
6,236,145
401,113
—
Egypt.
The
-
will be
.
A lighter yet stronger
Bond Stores,
,
$2,987,695
Sales
The above
—V.
1946—Month—1945
$6,991,576
1946—9 Mos.—1945
$3,782,811 $49,183,293 $32,394,928
the largest in the
history of the company's business.—V. 164, p. 1589.
for
the
month
^ SEC—
The
SEC
of
September,
1946
were
for
With
::i'/g|
-a:
Sept. 23 filed a letter of resignation with the
27,000 shares class A stock (par $10) and 27,000 shares of
stock
(par $1).
Underwriter, Blair & Co,
Proceeds will
for working capital,—V. 164, p. 552.
company
used
H.) '& Co., Belle Glade, Fla.—Files
on
Boston Consolidated Gas Co.—Monthly
Output—
February
1,771,159,000
1,619,933,000
March
1,459,561,000
January
.
July
-
August
$2,657,548 $26,850,331 $20,411,978
September
—V,
1,810,939,000
1,514,271,000
1,432,209,000
1,331,090,000
1,177,988,000
i.
June
'1946—9 Mos.—1945
j
-
164, p. 822.
1,274,745,000
1,278,676,000
1,100,842,000
April
<
1945
1946
(In Cubic Feet)—
figures are exclusive of sales under Government contracts.
-....
....
-
.
...
.
...
...
'
on Sept." 27 revealed that for
many months this corporation has been engaged in research on con¬
trols and engine accessories for guided missiles i. \m pilotless aircraft.
Malcolm
the
P.
first
Ferguso'n,
public
President
announcement
of
this
activity,
Mr.
Ferguson
-
Cr657,225
prior years' adjustments—
net
*$173,403
$766,172
-
to
due
1,113,056,000
1,031,410,000
1,100,204,000
1,163,677,000
1,008,013,000
1,013,476,000
1,074,119,000
'
Boston Woven Hose & Rubber
Co.—Special Dividend
have declared a special dividend of $1.75 per share
quarterly dividend of 50 cents per share on the com¬
value, the special being payable Jan. 2, 1947, and
the quarterly on Nov. 25, 1946, both to holders of record Nov. 15, 1946.
On Jan. 2, last, the company paid a special dividend of $1.50 per share
on this issue.—V. 162, p. 3188.
>
The
directors
and the regular
mon
stock,
no
par
1312,784
and
Canadian companies
reduction
of prior years'
12,000
$139,382
income————i——
losses are not offset by
case
States
6778,172
profits before the year-end,
would, in accordance with
These refunds,
June 30, 1946, have
adjustments for 1946
represent net upward adjustments in income after deducting-increase
in prior years' income taxes resulting therefrom and consist primarily
the
for
losses
on
at
following
six-month
the
for
estimated
$657,225.
adjustments:
income taxes.
period
tThe
ending
years'
prior
$252,000
(1)
reduction
net
provision
in
1945 due to opinion of counsel that the
renegotiation for the year
sale of the Terryville, Conn., properties is a
valid deduction for purposes of renegotiation; (2) $60,784, consisting
largely of write-off of excess reserves carried against termination
claims.
'
1
.
major portion of loss
NOTE—Operations
Fostoria
Screw
Co.,
on
for
The
the
Eagle
first six months of 1945 Include
Lock Co., and S. F. Bowser Co.,
The
Ltd.
The Johnson
Fare Box Co., and Joseph Weidenhoff, Inc., are included
for the month of June, 1945, only. Operations for the six months enued
June
1946,
30,
include
all
of
the
Income
be overstated
may
amortized
for
income
tax
purposes,
included
not
as
the
to
due
an
are
and,
companies
above
The Peterborough Lock •Manufacturing Co.,
Ltd.
that
fact
still in
use,
above,
expense
addition.
In
facilities, fully
on which normal
would amount to
war
$53,518 for the she months ended June 30, 1946.
CONSOLIDATED BALANCE SHEET
'
"'^ASSiETa—
;
June 30/46 Dec. 31/45
Cash on hand and in banks
Marketable securities
—
•Receivables
(net)
flnventories
—
—
—
——
$2,680,632
117,863
$2,161,361
2,329,222
1,640,365
receivables
—w
——-
—'
7,227,192
,185,565
——
2,708,008
5,313,184
outside
of
affiliated
companies
and
refund of excess profit tax
(Canadian)
Sundry
assets
;
;$■
2,126,198
3,872
&
4,450
77,228
,
,
Postwar
1,001
1,001
2,284,704
—
and equipment
trademarks and goodwill
Patents,
165,216
'151,943
) 131,511
stock
buildings
ILand,
161,069
78,817
current assets
in capital
Investments
*7,132
70,632
facilities
Sundry
137,193
23,584
t ; International, Inc.) —
—
Postwar credit against excess profits tax (U.S.)
Refunds due to accelerated amortization of war
7;
185,159
287,681
Prepaid expenses -i——i--i—
Due from subsidiary not consolidated (Bowser
%
124,949
71,771
72,829
—
$15,572,333 $14,958,998
Total
LIABILITIES—
Accounts
from
Deductions
Notes
$1,271,873
payable
1,600,000
—
567,524
liabilities
Accrued
3,169,100
1,469,973
171,736
13,502
i.r:
income
19,186
contracts
Purchase
1,531,452
81,268
shares)
93,600
1,227
1,227
468,000
5,000,000
623,302
623~302
319,536
surplus.i
1938, and subsidiaries since date of acquis!.).
1,790,410
1,167,064
187,451
;
Surplus arising from consolidation
Earned surplus (of parent company since Jan. 1,
660,316
1,795,418
1,167,064
surplus
in
59,924
—
$1.20 pfd. stock (par value $25)„
stock (par value $1)
Paid
195,000
59,924
Common
Capital
19,567
164,825
(non-current)
subsidiary (non-current).:
Sundry deferred liabilities
Interests of minority stockholders
50c first preferred stock (no par) (outstanding,
of
loan
10,654
14,928
343,864
5% bonds, due 1954 (non-current )_
5%
sinking-fund debenture bonds (less cur¬
rent sinking fund installment Included above)
First mtge.
Mortgage
456,853
819
liabilities
current
Other
562,443
h
27,801
renegotiation
Payments on deferred liabilities due currentlyDue
to
subsidiary,
not consolidated
(Bowser
International, Inc.)
1
Deferred
88,66®
*
596,409
2,023,083
taxes on Income
for
Provisions
$1,366,008
52,122
employees
payable
SProvision for
Borchardt (E.
'.vi'-v,
| Bendix Aviation Corp.—Expands Guided Missile Research—
;
vr,
;...
In
refunds
164, p. 1583.
»»'.
«r
—
Sales
May
1946—Month—1945 '
fin
United
based
Inc.—September Sales Increased 84.8%—
§ Sales-
-
T'.:-
Period End. Sept. 30—
by the AAF's
Forces previ¬
B-50's, the first of which
few months at the Boeing plant at Seattle,
With SEC—
51'" (A. S.) Beck Shoe Corp.—September Sales-
before
Termination
aluminum alloy in the new bomber's
wing will contribute to its increased performance and greater loadcarrying ability.—V. 164, p. 1583.
common
v;r-.
Large Gov't Contractr—
of planes and the cost was not released
Command, which ordered them.
The Air
completed within a
stopping.
be
.
•Loss,
the
-
it Wash,
Specific performance estimates for the new B-50 Superfortress have
not been released, but it was revealed
that It will have 59% more
power than the B-29.
This will be developed by four Pratt & Whitney
Wasp Major engines of 3,500 maximum horsepower each, compared to
2,200 maximum horsepower for each of the B-29's engines.
Propeller
will be the Curtiss-Wright electric type with reversible pitch for quick
2,774,000
Sept. 27 filed a registration statement with the
SEC for 180,000
shares ($2.50 par)
common.
Underwriter, White,
Weld & Co.,
New York.
Of the total, 140,000 shares are being
sold by St. Regis Paper Co.,
New York, and the remaining 40,000
shares are being sold by I. Rogosin, President of Beaunit Mills,. Inc.
'V. 163, p. 1278.
'
.
"V
income taxes,
<
-
number
Material
Air
on
company
-
adjustments—.
years'
Consolidated
ended June 30, 1946,
profit from operations alter providing
6,637,258
3,863,258
•232,896
2,108,252
-
of
ously had placed an order for 60 of the new
'•
Beaunit Mills, Inc., New York—Registers
The
1,584,228
tRefund of taxes on income due to carryback—
.1943
The Boeing Aircraft Co., a subsidiary, on Oct. 7 announced it has
just received orders from the U. S. Army Air Forces for an addi¬
tional quantity of Boeing B-50 Superfortresses,
a new airplane de¬
veloped from the famous Boeing B-29's like the one used by Col.
Clarence S. Irvine in his dash over the top of the world from Hawaii
:
at the end of the fiscal year,
tlncluding
and case and can maintehance.—V. 164.
to adjustment
bottle replacements
'Subject
; p. 1199.
*1,461,000
.
opera¬
1945
1946
on
depreciation,
5,308,648
1,084,133
3,224,451
^ 106,754
________
to
$3,107,320
11,414,973
1,554,702
390,316
;;;
—
...
543,553
428,821
1,034,475
' • 30,156
97,071
v,
1945,
2,217,441
statement for the six months
$27;201,724;
Period End. Sept. 30—
•
1944
.
.
Boeing Airplane Co.—Receives
of preferred
storage
*
,,
working
$1,432,718
$1.07
Pennsylvania income taxes, $16,000; Federal
$243,000; net profit, $1,054,064.—y.> 164, p., 951.t ^
For the corre- f
earnings—exclud$
$
sales)—
—46,765,807 140,964,894
35,605,269 109,086,009
(including
•
31,
$8,734,399 $22,662,199
6,780,141
17,970,651
sales———w————'
Net income
$132,481;
r,
'
Of
-
this sale
for depreciation, $420,598; other income, $180,151; total in¬
come, $600,749;
other charges, interest, $55,204; profit before debits
and
credits shown below,
$545,545; credit transferred from reserve
for
war
and post-war
adjustment^, $900,060; goodwill written off,
.
g '
CONSOLIDATED STATEMENT OF PROFITS AND LOSS
^' Period Ended Aug. 31, 1946—
'■ 3 Months 12 Months
reflecting some
Dec.
'
:
sales
Net income
offered and spld directly by the company,
lnvolved.-^-V. 164, p. 1583,
;
shares were
consolidated
The
follows;
.c,,,,Net sales for the quarter were $46,765,807 as compared with $35,399,216 for the corresponding quarter of last year.
This is an increase
of $11,366,591 or 32.11%.
J
,
,
»
L
All principal departments showed an increase in dollar sales, al- '
though the unit sales of the butter department were less than last year.
,
at
operations——
•$263,183
Other expense (less other income) <1946 ex¬
penses include unabsorbed burden)
567,444
Estimated taxes on Income
—~
Offering—
sales commissions or discounts are
profits tax.-;
Manager,
until his
the same quarter in 1945.
This was
dividends on preferred stock, to $3.53
year, net profit after payment
share of common stock.
$5,335,197
'
6 Months Ended June 30—
Net
Cost
$865,799
$780,728
Earns, per com. Bhare..
$0.65
$0.59
•After aU charges and State and Federal taxes, .including excess
'
share on the 511,792 common shares outstanding.
sponding
from
CONSOLIDATED INCOME STATEMENT
,
,
$327,752
'
•
increased
ship in spite of the greatly improved rate of our shipments in
can
we
meeting passed a resolution authorizing
the company's unissued, no par common
per share.
The company does not
206, compared with $605,581 for
after provision for
capital
recent months.
Unless there are major industrial upsets, our
tions during the last half of this year should be In the black*
Rlaw-Knox Co. (& Subs.)—Earnings—.
while he is serving as U. S. Ambassador
Sept. 27 said;
.t
V
carryback provisions of their respective income tax laws, be entitled to
•Net
*'i ' 'V > ->*
o,
The net profit for the three months' period ended Aug. 31, 1946,
^ Which is the second quarter of the company's fiscal year, was $1,870,-
:-"h- equivalent,
,
,
been
Beatrice Foods Co. (& Subs.)—Quarterly Report—
on
r
(The right to subscribe expired on Oct. 10.)
Since «these
ambassador.
H. Haskell, President,
2627.
1199.
Prior
no
has been elected Chairman of the board of
corporation and granted a leave of absence from
an
H
$3,660,232
ineligible to subscribe at this time.
Bay
with the company
active duty
%
Stock—
2,759,250
•$21,549
,
total subscription. of 200 shares per employee was
established.
Any employee holding less than 200 shares could sub¬
scribe to sufficient shares to bring his holdings
up to 200 shares.
If the total subscriptions are less than 10,000 shares, the remaining
unsubscribed shares can be subscribed for by the employees who are
Personnel—
to Norway.
Roland V. Rodman, Vice-President and General
has been elected President, an office which Mr; • Bay held
v
maximum
A
6 Mos. End. June 30—
Ulrich
'K?' "
!,
the employees at $12.50
to
capital.
'
Charles
''-«v
"
plan any specific use of the net proceeds to be received from
and
therefore
such proceeds will
be credited directly to
5%
(The) Bay Petroleum Corp.—Changes in
,'£v
stock, at the option of the holder.—V. 159, p.
directors
The
stock,
•
•
v
Co.—Calls $7 Preferred
2,628,079
353,364
Administrative, sales and service expense
.
■
*
$599,648
entitled also to a redemption premium aggregating $46,800 and there
were accrued dividends amounting
to $204,984.
Tnese items combined
brought the cost of retiring the old first preferred stock to $1,187,784.
The cost of retiring the two bond issues was $2,033,750.
•
7
.
v Our backlog of unshipped business, which was $12,500,000 at the end
of the first quarter of 1946, has increased to approximately $18,500,000
as of Aug, 31—up about 50%.
Orders are still coming in faster than
Manager, and Alton D. Schadt, Assistant to the
promoted to Assistant General Manager.—V. 164,
Black-Clawson Co., Hamilton; O.—Stock
I
on
$150,000
as
outstanding 3,488 shares of this class of stock, not including 60 shares
in the treasury. Each share is convertible into 33/s
shares of
Sept. 27 filed a letter of notification with the
junior debentures.
Offering price, par.
The
^notification stated that within the past few weeks nine directors and
key employees of the company were offered the opportunity to purchase
these
junior debentures
and they subscribed for $97,500 infi
^aggregate principal amount thereof.
The company now desires to
extend the opportunity to other persons to purchase the remainder
of
$52,500 of the junior debentures.
The offer to purchase these
junior debentures shall be made to such persons as may be selected
by the officers of the company, some of whom will be stockholders
or
district
salesmen
of
the
company.
Proceeds will be used for
operating capital.—V. 164, p. 1199. " - ; i
The
f.-o.
the
company
common
^ SEC—
•
r
$544,847
-.:
845,009
.
held
.
Bastian-Morlcy Co., Inc., La Porte,
?
'
$6,419,482
$953,012
$6,979,566 at June 36, 1946, or an increase of $1,644,369.
This increase
is due largely to the new issue of preferred stock which was marketed
by the company in May, 1946, and which was oversubscribed.
Funds secured from the new preferred stock financing were used to
retire the 5% first mortgage bonds, the 5% sinking fund debentures,
and the old first preferred stock, and to provide additional working
capital.
1
,
The old first preferred stock—carried on the books at a stated value
of
$468,000—had a liquidating value of $936,000.
This stock was
has called for redemption on Nov. 1, next, all of its
$7 cumulative preferred stock, no par value, at $110 per share and
dividends amounting to $1.75 per share.
At Dec. 31, 1945, there were
The
the
^
He
Layng, Chief Engineer, has
additional office of Vice-President.
Bi rtman Electric
$2,606,530
$894,359
345,512
—
.
Working
v
p.-1714.
,
$5,574,473
94,361 *
taking the estimated carryback amounted to $41,567,
.improvement in operations in. the second quarter.
President, etc.:—
announced that Frank R.
General
$1,725,642
• • 880,888
'■
is without any credit for carryback losses of the United, States
companies; the loss for the first quarter after credit for such carryback
was
approximately $131,835.
The loss for the second quarter after
6.
of
position
$858,651
$780,052
which
President. The road is a
•
'<
the company for 40 years—
General Manager and, in addition, as Vice-President
to the
178,221
Salds for the second quarter' .of the year were $4,887,830, as com¬
pared to sales for the first three months of $3,846,568, reflecting an.
increase for thd second quarter ox $1,041,262, approximately 27%.
4 '
The loss for the first quarter of the year was reported at $426,835,
General Manager, was
operations and for such other uses
and purposes as it may from time to time believe advantageous to
'
Barber and its stockholders, including expansion through investment,
as
favorable opportunities may occur, in properties of a character
^ which Barber is authorized by its charter to own and operate.
V
[Torkild Relber, President, told stockholders at the Oct. 4 meeting
that the company had no definite plans for investing the money rer
ceived from Shell Petroleum Co., "It will be turned into government
securities as soon as we receive the check.
After that there are no
plans," he said.
'
1
'
1
•
Mr. Reiber emphasized that the company was not moving toward
liquidation of its assets by these sales, "but returning to Barber's
original business centering around the asphalt lake in Trinidad."]—
interests and
those
for
•
,10,712
;,v
Leet, Assistant General Manager, was named Assistant
to the President.
James C. Bailey, General Superintendent,
was advanced to the
Clifford
the
'business
a$
years
elected
been
,
The
'6f
22
for 19 years.
It was also
3,744,297
2,095,037
23,005
,
Bowser, Inc.—Semi-Annual Report—
Hoskqp Danion,,President, op Aug. 31 states in part:
associated
VFrank i; »Snydef has been jelected !President(-:effective; Oct. rL
succeeds Robert T. Rossell, who has retired after 45 years with
company, 18 years of which have been
subsidiary of United States Steel Corp.
Mr. Snyder has
been associated with
158,127
,114,307
•Deficit.—V.' 164. p.
5,691,965
2,181,501
,169,79®
283,840
income-
income
$7,743,197 $13,617,735
$1,820,191
/1^:457,899 A & 792,701
______r_
oper.
income
Gross
Net
guided missile program, has, in
Lake Erie RR.—New
Bessemer &
$1,549,796
„
Rentals, int., etc
contracts on pilotless aircraft and accessories for the Army
Air Forces and for the Navy Bureau of Aeronautics.—V. 163, p. 2847.
tankers for the War Shipping
Administration.
the
of
one
Net ry.
:
addition,
"
<"«t
Bendix,
rev.
J-—.™
—
Other income
York, on ignition developments..
Ferguson
also revealed that
:V contractors on the EUOrd Bumblebee
Mr.
and taxes, the
property at Perth
expenses
j
New
Sidney,
at
Division
allowance for all related adjustments,
sale of the Venezuelan royalty interests and
the
Amboy will add between $21,000,000 and
" $22,000,000 in cash to Barber's current assets. At July 31, 1946 its
~net current assets amounted to $5,700,000.
Barber's
other principal assets and operations,
immediately nfter
v..the foregoing sales, will include its lease until Feb
1, 1956 of the
Pitch Laxe, Trinidad, B. W. I., together with facilities there located
"'fqr milling and shipping natural asphalt' fr'om the Lake; its .50%<.sinterest with Standard Oil Co. of California in the company owning and
operating the Gilsonite properties in Utah and Colorado; its 45%
"interest with Standard Oil Co. of California in the company owning
and operating the property at Perth Amboy; its 16,000 ton T-2 type
■r-f- tanker
the "Caribbean," and two tankers of the same type recently
purchased from the government; and its marine department which is
after
that,
estimated
is
It
''
"
■
t
'
•
operating
Equipment rents (Dr.).
Joint fac, rents (Dr.),-
July 31, 1946, that the prop¬ If, prepare this country for military eventualities. Pilotles^airpia'nes are
here,
but before they; can be said to have entered the
practical
erty shall be considered'-us having.wbeep .operated after June JO ior
development stage, a big Job remainsf„tiJ be done in, the field of
"account of the new
company, and'at closing, a settlement .will, pe
power-plant and-flight qqntrols^' h"
;
,/
^
made between Barber and
the new company on such basis,
as a
The new
Special Products Development -group will; operate Wo
part of this-settlement the new company will take over all of Barbers
VelatSd operating : personnel and will, assume all of Barber s lel^tea
laboratories exclusively "in this work,- he said,
one at the Eclipseorders, contracts and liabilities,' except claims arising *ron\
op - i Pioneer division in Teterboro, N. J.; and the other at the Pacific
v division
in North Hollywood, Cal.
These divisions of the company,
ation of the property prior to July 3, 1946.
If Barber s stockholder
Qail to approve the proposal, Barber agrees to be responsible tor a
he added, will continue independently the active development work on
instruments and accessories "for guided missiles, which they have had
-operations and transactions which it has thus undertaken for account
<|)f the new company since June 30.,' At the closing Barber will rec
underway for sometime. V ■
py. "p''
tfrom California $3,122,000 in payment for 55% of the capital stock
Other-divisions of Bendix, also are contributing to these projects
-of the new company, being 55%
of the book value of the property
through their aviation equipment development groups.
They "include
transferred ($_,838,000), plus a premium of 10% ($284,Q00-)„
i.,rr.;.
Bendix Products Division at South Bend, Indiana, on fuel feed devices;
*
the Radio Division at Baltimore on radar
devices, and the Scintilla
*; DISPOSITION OF PROCEEDS OF SALES
-
,
Net
Tdxes
788,509
$14,958,998
-•A^ter allowance for doubtful accounts of $83,152 in 1946 and $75,538
$15,572,333
Total
in
tAfter reserve for obsolescence,
1945.
in
$52,230
in
1°46
-
$2.^03.^0
credit
1945.
and
in
•
etc., of $135,479 in
1946
1946 ami
tAfter allowance for
amortization of $1,581,913
in 1945 and allowance for depreciation of
and $2,763,654 in
* After related postwar
$1,597,761
against excess profits
tax.—V. 163, p. 2720.
.
Volume 164
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4533
(Mexican
"l'-V:--"
i
.
lor
Noel
&
will
!».*«*
v.-"A
■
268,875
Co.,
receive
shares
New
($1
York.
par)
is
by
sold
being
proceeds.
Utility
Van Alstyne,.
shareholders who
, . , .
Underwriter,
common.
Stock
;
Total
Co., Oakland, Calif.—Files With-
(Walter N.)
.188,826
oper.
operating
1,000
$100
share.
a
purchase
of
'
6%
of
Proceeds
factory
site
used
be
for
Portland,
in
1 ; •...
par).
expansion
Ore.,
'
Carduner,
Leonard
Net
held
meeting
special
a
i $2,686,309
46,984
Shasta
Sept.
on
issued
foreign
Other
taxes
except
U.
S.
_.i__
foreign taxes on
™..;
and
income
:- <
months perlodU.....
Trust
'.i'.
-
*
'
..
Operating
Operating
Other
taxes
taxes
Net
Interest
4,012,626
309,269
_
189,000
4
"
-V.
$421,158
$330,351
$5,196,821
:
SEC
DrH0,945
—'
143,776
1,864,899
for
i
.
$3,331,922
siirplus.^..^-.._..
$1,195,866
9,509,407
•;
——.......^1.—
•After
income
deducting resulting decrease
tUnder
taxes.
$9,455,273
L™
used
be
the Internal Revenue
carry-back provisions of
Renegotiation proceedings for all years prior to 1945 have
been completed or provided for and it is believed that no refunds will
NOTES:
be required for 1945.
CONSOLIDATED
BALANCE
JUNE
SHEET,
30
10,679,873
14,327,953
4,058,842
3,374,904
....
595,777
cost
amortized
at
receivable, less
Unbilled costs
reserves
contracts
war
on
.
to
.....
Refundable
portion of prior years-U. S. excess
profits tax (estimated)
—
Inventories at lower of cost or marketl..——
MONTH
FOR
in
Investments
sidiaries
and
and
advances
...
AUGUST,
OF
•Land, buildings, machinery and equip, at cost.
refunds of prior years' income taxes.
•
Estimated
Miscellaneous
investments,
Deferred charges
,
less
reserves—
:
■
....
_™„.
...
...
LIABILITIES—"""
Accounts
on
U.
on
for
future
Other
S.
2,049,176
216,120
...
^
income
—
.
1946,
$862,520)
$1,469,589
—
—
1945,
„
...
_
normal
excess
X
Total
• After
596
164.
in
p.
reserves
1945.
552.
76,574
1,000,000
25,862
25,000,000
;
Period End. Sept. 30—
\yholesale
Retail
sales
.
!
Combined
—V: 164,
p.
-
shares
of no
par
i/':
General
1589.
.2..-.
„
.
.
$0.49
in
Co.—Earnings-
458,817
103,500
1,254,000
33,300
25,000
366,400
300,000
1,207,300
1,235,469
1
and
excess!
193,669
Gross
$163,812
Inter,
'V
on
2,348,500
$2,781,186
571,885
$2,071,899
625,960
111,452
8,564
52,163-
46,913
long-term debt
Other
A
r- 1946—9 Mos.—1945 .
$7,791,321$101,188,645 $74,954,530
14,450,842
12,561,463
764
..
■
....
$9,183,784$115,639,487.$87,515,993
k ...
•
--1
-;
" ..
„.
.
.
"Net
income
Dividends
'Balance
on
___"___„u
pfd..stock' ^ J
--Ja ■•
*
$110,931
$133,500
.
41,300 J
o
$2,097,849
501,606
41,800
.
.
$69,131 "• $1,596,243 *
$91,700
.
$934,366
'
—V.
164,
p.
month of September, 1946,
of revenue passengers
This is the result of
number
1945.
1946,
Revenue
1715.
;;;
^
r
v'
r ^
t.
■<*■; :
;•
'•
40,000,132
22,336,374
^
Rises-^J
as
there was. an increase of 93%
carried as compared with Sep¬
carrying 38,500 passengers in
compared with 19,996 passengers in September,
miles for September, 1946, were 14,549,000
for September, 1945.—V. 164, P; 1327.
^ y
passenger
directors
Dividend—g
on
Childs
Company—SEC Issues Advisory
*
Report for Re¬
...v--:" lr''.V'/y V'
The SEC on Sept. 30 issued an advisory ..report. on .plans
for the
reorganization of the company which operates a chain of restaurants,
in the United States and Canada.
By order dated July 10, 1946 «he
u; s. District Court referred to the. Commission a,plan of reorgan¬
ization, amended to June 20, 1946, proposed by John. F. X. Finn,
organization—
$1,435,973.
! 501,607
■
32,657,917
15,743,915
Oct. 1 decided to omit the dividend ordinarily
15 on the $10 par value common stock because of
disturbed conditions in the reconstruction period, the company recently
announced.
Previously, quarterly distributions .of 25 cents per share
were made, the last one being paid on July 15,
1946.—V. 163. p. 215*.
*
1,403
Cr 129
deductions
110,075,089 106,796,546:
compared, with 8,548,106
The
1,761,100
and expense^
1943
payable about Oct.
1946—Month—1945
$14,527,792
the
Amort, of debt discount,
prem.
;•
1944
$15,301,043 $15,239,557
6,339,198
5,223,927
3,567,475
2,028,301
Air Lines, Inc.—Traffic
; Chickasha Cotton Oil Co.—Omits
248,275
$181,048
income
-
V
railway
acquisi-
taxes
income
the
1945.
as
1,242,000
105,000
for deprec._
1945
corporation flew 73%
September,
$936,452 $13,201,868 $12,804,453
5,831,883 J
5,606,585
395,865
$971,834
■
nine months of
tember
1946—12 Mos—1945
profits taxes
•
value.—V.
Up 58.2%—
-
vtion adjustments
8,941,034
•
i_
expenses
Amort, of plant
*
1,722,394' -1,392,463*
sales
16,658
;
<
more revenue passenger mi^es during the
1946 than it did during the same period of 1945.
This involved carrying '95% more revenue passengers.
A
J. Earling, Vice-President in charge of-traffic and sales, stated:
"The corporation flew 105,713,000 revenue passenger miles during the
first nine months of 1946/ an increase of 73% over the same period
of 1945 when the airline flew 60,984,271 passenger miles."
J
During the months from Jan. 1 through Sept.
30, the company
carried 267,000 revenue passengers as agr.inst 136,477 for the same
period of 1945. This was an increase of 95%, These figures represent
traffic on C. & S. domestic routes which serve Chicago to New Orleans,
via Peoria, St. Louis, Memphis, Greenwood and Jackson; and Detroit
to Houston via Toledo, Fort Wayne, Indianapolis, Evan.ville, Paducah,
Memphis, Little Rock, El Dorado and Shreveport. ,
,
,
\
$489,498
$2.62
1946
railway
Chicago & Southern
This
first
•
Operating
%l
railway-
104,061,752 113,457,648
13,052,946
30,779,074
3,719,989 • 15,119,577
Net ry. oper. income—
—V. 164, p. 1327.
■
from
from
Net
1590.
164, P.
1946—Month—1945
Period End. Aug. 31—
Gross revenue
$46,455,549 $46,276,356
\
i.™_™,$12,805,398,
sales
below- -V.
Corp.
Central Illinois Light
Provision
'
9,455,273
.
Butler Brothers* Chicago—Sept. Sales
•
-
by 5,000,000
Panel
General
from
Gross
122,986
855,472 common shares—^
and administrative expenses:
128 ,721,155 155,483,214 148,183,533 144,249,041
40,213,128
43,10 <,854
57,667,753
12 877,513
19,525,892
20,736,307 36,544,932
4 ,787,929
$15,671,853 $15,107,748
3,865,160
4,147,324
Net from railway—
2,450,943
1,971,377
Net ry. oper. income—
382,320
v
1943
1944
•
Chicago & North Western Ry*—Earnings—
To Sell Panel Houses—
See
,
™_™______™™™
tRepresented
V"
selling
•Including
railway
railway
August—
278,320
1,469,150
438,300
21,500
i
tax
i-:J; $2,436,329-
Earns per share on
depreciation of $11,140,823 in 1946 and $10,657,-
for
surtax
and
facilities--
income
Net
Fed.
i
tax
profits
depletion.^
Other income
3,769,739 '
■
f'• ■"
^(including undistributed earnings of consolisubsidiaries:
Federal
and
emergency
1945
1946
1
railway
oper.
For
3,854,926
....
93,916
Reserves for contingencies
600,000
Reserves required by law in foreign countries
Jv
27,012
tCapltal stock
•__™.™___:
25,000,000
Earned surplus,
per
accompanying statements
dated
i
depreciation
for
21,339,441
8,319,241
2,872,043
railway**-—
from
from
ryi
Gross
$5,010,977 -= $1,839,945
197,726
184,969
352,435
- 400,727
-
deductions
other
Provision
-
1,165,482
367,214
$18 ,516,630 $20,279,566 $20,679,599 $19,786,744
4,932,393
6,585,442
7,737,789
•
3 ,548,403
2,457,473
3,006,241
4,252,748
oper. income—.
1 ,968,778
from
income—
—V. 164, p. 1205.
•
s 1,779,189
,
-li
Income
Prov. for amortization of
railway*
oper.
from
Net
$1,691,664
148,280
Total
1943
$2,838,923
From Jan. 1—
^
serVice contracts and supplies
deliveries.
deferred
income
267,408
Other
income—
railway
From Jan. 1—
$4,743,569
481,608
1,860,423
126,212
contracts..
war
1,924,193
3,354,395
tV: 477,058 %
and foreign income taxes
Prov. for mainten, of machines under guaranty
Prepayments
2,325,2 ?8
■.
,
'
Net
Sub.)—Earnings-?-
income
. *
,*« '*
$1,291,522
$1,327,672
Wages payable and commis. earn, but not due.
taxes other than income taxes
Advances
1,927,333
$46,455,549 $46,276,356
.
Accrued
S.
1,963,477
from
ry.
Gross
14,510,507
Total
8,175,037
1,443,772
69,254
.
.
payable.'!™
Prov. for est. U.
139,846
23,221,713
7,209,640
,
>
of a physical
October, 1940.
17,709,389
Federal
^^.1.—......
^Total
<
-
$7,966,741
501,391
•Cost of sales
...
$2,945,183
931,751
218,476
-
139,900
8,437,570
783,963
65,485
3,835,195
1944-
1945
$2,554,597
634,531
21,174,674
6,043,580
European sub¬
to
Philippine branch at cost (nety
^
;
RR.-rEarnings-^
1946
oper.
from
Net ry.
1946
1945
$16,202,172
Net
•
approved a pro¬
46,541
Net
July 31—
1946
sales (after deducting freight, allow & disc. $22,452,9.58
302,156
9,959,628
»
Chicago Milwaukee St. Paul & Pacific RR.—Earnings
.
Celotex Corp, (&
11,037,796
■
common
$2,303,029
315,453
railway
August—
,
■
:
the purchase
underwriters for
income—
•1,302,011
•Deficit.—V. 164, p. 1327.
>
■■■*
9 Months Ended
Net
by
16,007,289
803,404
Net
$6,100,541
ments
ry.
Net
—V. 164, p. 1079.
1945
—$7,416,926
issued by U. S. and foreign govern¬
Accounts
<
Net
$1,304,534
profit Is after, giving effect to the "carry-back"-'
provisions of the Internal Revenue Code, which provide for a reduc¬
tion of earlier years' high taxes when current operations result in a
loss or when profit is abnormally low..
V
,
The month's results reflect the effect of a two weeks shutdown ofJ
Securities
held
1 *, ' .
special meeting held recently
authorized
railway
from
from
income notes and 25,000
$500 a note and 10 cents a com¬
directors of company only.
reimburse President, H. D. Tudor, for pre¬
operations for employee vacations and for the taking
inventory—the first complete inventory verification since
>1946
ASSETS—
Cash
.
vV/
"
price,
i.-_.
NOTE—Above
Code.
<-
August—
is being made to
profit
of $274,000 in prior years' U. S.
•
at a
Chicago & Eastern Illinois
Net
Reno, Nev.—Files With SEC—
of notification with the
Offering
EARNINGS
$8,941,034
>
<
payment.—V. 164, Pi 1590.
initial
Gross
Salesi
Earned surplus at end of period
DividendPlaced on a 50-
Stock
100%
stock from 200,000 shares
to
■
- ' , ,
'
*
( i
A cash dividend
of 12J/2 cents per share has been declared on the
increased common stock, payable Nov. 15 to holders of record Nov. 1.
This
is equivalent
to 25 cents per share on the stock outstanding
prior to the stock distribution and on which payments of 15 cents each
were made on Aug. 15, May 15 and Feb. 15, this year;
Latter was an
Caterpillar Tractor Cu. (& Sub.)—Earnings—
1,000,000
warrants
20,000
shares.<>l
to
Gross
$9,941,034
1,250,006
Jan. 1,
From Jan. 1—
The offering
will
of
stockholders
increase the
500,000 shares.
posal
1,059,834
vious expenditures made for company.
8,824,070
Co.—Declares
Candy
20,000
1715.
common.
Proceeds
$1,116,964
$10,705,273
.™™™
Of
The
on Sept. 25 filed a letter
maximum of $25,000 par 10-year
a
of
dividend of $1.12ya
directors on Sept. 27 declared a 100
stock' dividend on the
stock, payable Oct. 3 to holders of record Sept. 30.
Prior to
distribution there were 150,000 $1 par common shares outstanding,
exclusive
•
$2,364,368
780,440
$186,575
$257,664
stks. for the period
$2,551,482
share.
*
.
.
,
the usual quarterly
1,752,909
company
shares
*
,
declared
on
The
$4,117,277
163,484
Carter Mines, Inc.,
The
have
common
Gross
400,000
503,663
111,000 "
Share-^
declared a dividend of 12 y2 cents per share
of 12'/a cents per share on the 1,102,000 shares
stock to be outstanding following the two-for-one split-up,
Chase
,
400,000
234,551
share
this
^™*
v
p.
.
Capitalization Increased—New Stock
Cent Annual Dividend Basis—
$4,051,965
65,312
applicable to pfd
164,
"
.
.
the $4.50 cumulative preferred stock, payable
1947, to holders of record Dec. 7, 1946.—V, 164,• p. 17x6.
^
l
$5,117,788
79,033
■
mon
Total
'
4,982
Balance
for prior years wages accumulated
under vacation ■ plan^._^.^..-u---i.—-.-i.-.--.
Dividends paid in cash.—-
C
$325,369
—
Net income
•Provision
beginning of period..
■
charges..
etc.
•
directed that Exchange
1946 • shall be ex said
1
-
Split-Up Stock to Receive 25 Cents per
common
■
$24,246
fEst. net refund of prior year'* U. S. inc. taxes
Cone-half)
i
—.
no longer required:
'
Contingencies
...™_™_.__™._™...,_™
Investment in subsidiary companies
—_
JO. 8. Income taxes-;.....-..
:...
Balance transferred to
-
3,829
(net)
income
Gross income
•
Reserves
Earned surplus at
lV
$417,329
operating revs,™
Other
9.
Stock Exchange on Oct. 9
stock on Oct. 11,
extra dividend
an
per
1946—Month—1945 ••
1946—12 Mos.—1945 J
$1,502,730 $18,780,507 $18,541,526
640,395
7,401,901
7,433,028
155,735
259,372
2,847,302
3,725,257
155,860
152,594
1,913,516
1,831,276
125,000
125,000
1,500,000 , 1,500,000
expenses
Federal
V,1
Co.—Split-Up Voted—
8
common
of $1.25 per share.
The directors also
$1,634,281
780,357
revenues
Oct.
Oct.
10 to holders of record Nov. 16. This
of 50 cents per share on tne 551,000
and which received thai; amount in
each of the preceding three quarters of this year.
.
Payments on the old common stock hi 1945 amounted to a total
Co.—^Earnings—
Carolina Power & Light
on
on
New York, N. Y., up to
Wall St.,
i
-
t
-
payment to be made on Dec.
is equivalent to an aggregate
shares
previously outstanding,,
of Shares Sought—
company are Invited to submit
this
16
Co.,
!v
below.—V. 163, p. 2433.
Inc.
directors
The
and
Period End. Aug. 31—
$561,315
$576,921
New York
in the
New
1946,
28,
Dividends
Net income for the six
$635,618
'
distribution.
-.'
Bankers
to
filed
The
1945
$7,859,000
for the sale of such stock to Manopla Investment &
Trading Corp. The latter corporation has made available to the bankers
$100,000 for the purchase of the preferred stock at a flat price without
any adjustment for accrued dividend and purchase will be made at the
lowest prices tendered.—V. 164, p. 952.
376,078
5,466,968
472,366
Selling, gen. and admin, expense
•
U. S. and foreign tax. on inc....
Est. prov, fcr
$52,263
approved a proposal to change each
of common stock outstanding into two shares of common stock
par value, and the amendment to the Articles of Incorporation
no
was
;:i;;
preferred stock of
of
Holders
tenders
12,008,800
390,709
296,092
451,830
_.™._
$40,408
contracts
:
-
p. 1715.
of
'
1946
$8,000,000
163, p. 3129.
Oct.
1945
13,534,964
405,932
318,264
__
social security taxes.........
U. S.
pfd.
stk.
requires—
1205.
p.
stockholders
share
Railway-r-Traffic Earnings—
Prep, retire, res. appro.
Cost of sales, rentals, service, etc..
Depreciation
157,102
Champion Paper & Fibre
;
$21,211,638 $17,417,820
■
.
13,092
Textron
The
Caribbean Sugar Co.—Purchase
,
Income
13,092
Chadwick-Hoskins Co.—Consolidation—
of
—V.
164,
See
Candego Mines, Ltd.—Registration Statement With¬
drawn—
The company has withdrawn its registration statement (No. 6466)
filed May 31
covering 500,000 shares of common stock (par $1).
rentals and service,.
including billings under U. S. war contracts. $21,113,768 $17,283,228
Other
income
97,870
134,592
Total
requires.
$746,515
169,594
,
With SEC—
Engine Corp., N. Y,—Files
Ended Sept. 30—
earnings
164,
—V.
Burroughs Adding Machine Co.—Semi-Aimual Report
sales;
419,600
$792,720
.
a
<'
Traffic
CONSOL. INCOME ACCOUNT FOR 6 MONTHS ENDED JUNE 30
from
486,750
$65,355
•
div.
after
dividend
—V.
commerce,
.
r'
income
Crl6,000
$53,500
taxes
in
extending from Bella Vista to
Canadian Pacific
P. 1589.
Gross
' 28,000
$1,455,562
289,447
•J
267,503
chgs.
incl.
stk.
Pfd
Railway—Abandonment
Eastern
&
25
and
interstate
10 Days
charge of foreign
announcement confirms a
President of Fabrica
Argentina Alpargates, that such arrangements had been completed.
Stock ownership in the new company, which will be known as Rayon
Fabrics, Inc., will be equally divided between the two companies.
The
companys' operations will consist of spinning, weaving, dyeing
and finishing of rayon fabrics, including spun BUitings.
The new company will build a complete modern plant which will
be equipped wiin the latest in rayon fabric manufacturing machinery,
It was said.
Argentina already has rayon yarn manufacturing facilities
and it is expected that yarns needed for the new operation will be
obtained in Argentina,
;
- / •,
.
~t
"Fabrica. Argentina Alpargates is one of the outstanding shoe and
textile manufacturers In Argentina,"
Mr. Armfield said. — V. 164, f
1946
$71,820
22,465
$1,546,976
21,830
•
thereof
■;
*•
letter' of' notification with' the SEC
for 60,000 shares of common stock. 'Offering price, $2 a share.
Under¬
writer, R. A. Keppler & Coif Inc., New York.
Proceeds will be used
to demonstrate the Cameron engine by flight tests in company-owned
statement made in Buenos Aires by Robert Fraser,
V
$1,298,488
$149,428 ' $1,408,750
$139,728
Cameron Aero
This
Mills Corp.
$103,330
deduce.
.725,772
710,342
97,629
The company on Oct. 2 filed a
and
Burlington
of
$1,452,548
3,014
for Fed
inc.
lieu
by Britt M. Armfield, Vice President in
Sept. 26
operations
Brl99
income
Inc. prov.
certificate permitting abandonment,
by the company of the entire
Anderson, approximately
miles, in Shasta County, Calif.—V. 137, p. 4696.
15.3
on
Fabrlca Argentina Alpargates of Argentina
have entered into a Joint arrangement for the formation of a new
company to manufacture rayon fabrics in Argentina, it was announced
on
$1,547,173
214
int. & oth.
Tot.
.
on
plane,
corporation
$2,630,884
606,624
567,217
47,339,
i
p.,1715.
ICC
to
Burlington Mills Corp.—Extends Its Textile Opera¬
tions to Argentina— r
This
$71,606
286
t
Net income
line of railroad
.
Oct. 8 voted to :
split the common stock on a three for one basis, increase the authorized
number of shares of common stock,* from 285,000
to 1,000,000, and
authorized the issuance of 38,566 shares of B common stock which
the corporation will have authority to issue to certain key management.
employees. There are 244,251 shares of common stock presently out¬
standing.—"V. 164, p. 1589.
at
$294,396
.
81,750
California
The
stockholders
$103,044
income
operating
Non-oper.- income—net-
16,934
?
20,647
Bal.
as
The
$2,613,950
on
income
—V. 164,
r "
Broadway Dept. Store, Inc.—Split-Up Voted—?
$4,532,835
3,080,287
827,760
■:
excess
tax)
134C—12 Mos.—1945
$4,838,068
3,290,913
■
voting trust cer¬
$1).
Voting trus¬
G., Vincent Rockey
Carduner, and
164, p. 1589.
taxes
Fed.
profits
Y.—Voting Trust—...
depositors for the stock.—V.
as
'fa;353
$268,462
inct- (including
company on Oct. 2 registered with the SEC
tificates for 199,000 shares of common stock (par
William
for
Prov:
' •'
1946—Month—1945
$372,140
$421,591
300,534
318,547
Period End. Aug. 31—
Net
Total income deductions
'
/ ..;
Service Corp.—Earnings—
'
608
income
'.
.•
Operating revenues
Total operating exps.__
Gross
Briggs-Weaver Machinery Co., Dallas, Tex<—Acquired •
g See Houston Oil Field Material Co., Inc., below.—V. 163, p. 2000. <\-f&
British Industries Corp., N.
945,859
$2,665,662
$267,854
Gross
„
The
105,949
$294,043
135,749
revs...
>•"•
;
will act
______
operating
-
Offering price,
of factory and
together with equipment.-
($100
preferred
will
IE^e/|iot;;.imderwritten-;'..
tees,
expenses
Net
26 filed a letter of notification with the
°n Sept.
shares
3,402,958
\
".'■:
1715.
164, p.
Central Vermont Public
$6,844,668
3,765,496
v.
'i
"344,720
r
and
cJf?16* comPany
for
SEC
$7,377,017
304,200
"
costs
Total -v non.-utility
SEC—
$704,192
$748,323
v,
revenues.
deductions
revenue
$5,827,596
1,017,072
$537,757
$6,201,731
166,435 ■' 1,175,286
$559,497
revs..
oper.
utility
Total
Boysen
revenues..
oper.
Non-utility
appointed New York paying
the first and general mortgage 2%%.
(See offering in V. 163, p. 2721 ).-—
Co. has been
for; interest coupons on
bonds, series "N," due 1976.
agent
1946—12 Mos.—1945
1946—Month—1945
Manufacturers Trust
The
herein)
Subsidiaries not Consolidated
Period Ended June 30—
company on Sept. 27 filed a. registration , statement with the
oevT*
CM,
PoweJf Co.' (& Subs.)—EarniUgs
California Electric
Bowman' Gum, Inc., Philadelphia
SEC—
Co.—Paying Agent—
Central Maine Power
"
; V
iTHE COMMERCIAL & FINANCIAL CHRONICLE
Monday^ Qctpb&i: t4» 19.461
*"
""1
v
with
objections,
and
amendments
plan
proposals,
properly
stockholders.
common
of
long-term
of
K^Plans
and
sentatives
warrants
unfeasible
as
amendments
submitted
too
either to
well
as
or
as
their
stockholders
by
U.
yyyj-1
payable
S.
tax
Treasury
shares
capital
notes),
(par
$1,044,910; deduct,
JDr$65,8a7; total, $3,552,737.
unfair.
The
jjj*.
\ ':
'
sundry accrued expenses, $1,(after allowing for $500,000
other taxes accrued, $34,303;
per
share), $1,137,560; earned
12,429 shares of treasury stock,
and
of
cost
.1
,
the
preferred or to the common
In general, they propose allocations of securities between
generous
Capitalization—
stockholders,
at
annual
the
..
.
.
capital structure.
"A
plan
low
too
at
and
also
against
by
proposal
a
price;
debenture
a
to offer
it is
,
new
unfair
discriminates
unfairly
committee
stock
fa.vor
of
its
unfair
of
use
preferred
fi
...
"The
is
debenture
to
unfeasible in
in
stockholders.
common
holders'
common
and
Transportation
Files With SEC—
-
.
suggested
of its
reason
Coast
.
.
by
The
holders
for
warrants
stockholders
of six
suggestion of the Childs Co. debenture holders' committee con¬
merely of a general outline of a plan rather than a specific
proposal.
In the absence of definitive allocations of new securities,
on
shares
&
Gross
cannot
In
its
appraise
tax
excess,
"'The trustee's plan
If
amended
(2)
to
of the
to
"None
of
the
new
30%
the
since none is
-*'A plan
Included
to
were
55%
1
feasible but could be
nor
bank
loan
to
the
other
arid
warrants,
present
'
:
made
so
allocate
:
70%.
stockholders.:?:
common
Net
be
feasible
if
loan
Co.,
pared
receive
40%
to
45%.
This
plan
might
be
attractive
to
Orleans,
the
,
the
stock
present
t>g feasible if
new
the
to
preferred,
on
common
i/.• /.». vt.(^
Earned surplus
be
allocated to
preferred
equity than, would .otherwise be -possible."—V. .164, p. 5.,
Chairman
of
the
common
the
the
■-
of
was
(quoted
and
An
$70,831,725
for the
period of
same
as
making
subject
applicable,
tQ
of
States
United
taxes
generally higher in
were
when
the
on
j
than
market',, were $17,064,125
j
V;
to
cost
the
which
of
and
Board
restrictions
buildings
Cost
development
of"
Oper.
this
of
1945.
'?n the Process of this assimilation
»P?
.
basis,
■
^ctual and book, occurred in putting
These
•
expenditures,
J"easure responsible for
31,
and
"
1945,
cents
of $428,700,
share.
a
The
business
include
the
industrial
•
company's
on
in
to
deficit
a
of
the
and
corporation
distribution
equipment
and
the
at
of
electric
present
electronic
home
Earnings
yei
'
and.
electronic -operations
4"(V<
electric
home
.
At
appliances
Electric
the
Iron,
Electric
famous
Durabilt
Iron.
end'of
the
as
the
.<
important
an
.
.
*U.
showed
and
31,
aggregate
gross
x*7^fu'vt^nn/no?jSentv,tl!^e .Claude
amount
of
insurance
in
force
on
Neon Lights, directly and through
Its
Net from
Net ry.
4
S.
$1,219,524
646,244
534,335
from- railway—,
^
•'''
SHEET
JUNE
8,509,828
9,477,554
9.5981,968
4,625,187
3,793,634
5,096,686
4,651,097
2,626,332
4,198,197
4^0,728
'$1.45
.
,
/>
Cross profit, from oper._
Depreciation
Sets Up
Profit
from
for
$877,781
$1,016,210
$818,232
47,983
55,353
56,106
$829,793
$960,856
854,926
466,376
*583,634
Other
expenses
taxes
(net)_»
85,216
t'
4,200,000
$762,126
17,064,125
—-----
7,753,419
15,450,146
It
by
respect to
employed.
■
preferred
stock
company,
or "any
4,221,361
•
1,119,125
3,595,448;"
—'
officer
-
■
-
24,535,088
1,772,942
(1,962,807 no par shares)
1,772,942
_■
26,596,125
,
director of
or
effected
be
company
12,500,000 T
,:5
Dividends
paid-
361,723
the
based
Feb.
1,
on
1943.
3-for-l
$34,578
$48,383
$7,621
$1.10
$1.15
$1.02
iciuuu
ui
exoess
ASSETS—Cash
proncs
taxes
in
1944
and
§On
328,839 shares of $3.33'/3 par value outstanding,
split-up of $10 par shares which became effective
1
BALANCE SHEET,
tories
328,839
•$1.94
1945.
accounts
328,839
$336,460
$276,981
Postwar
in
on
receivable,
(at the lower
hand
trade
of
and
(less
cost
or
JUNE 30,
—-r.-_—
demand
•
;
deposits in banks, $453,036;
for losses), $816,518; inven¬
$355,142; property, plant and
allowance
market),
"'
Commonwealth
the
of any associate company. -:,,
or
further that
stipulated
on
York
New
Stock
Exchange
"
'
.
blocks of 500 shares or more otherwise than/
provided it notifies the Commission of all details
approves the purchase.
■v
-'
Commission
k
completion or abandonment of the proposed purchase pro¬
Commonwealth must publicly notify its preferred stockholders
to the effect.
-
company
Sept.
months
its
production
the-
for
Broken—
■
for
6,381,190
the
Janas,
Starting
continued
consecutive
miles
in
April,
each
Mail
and
than
miles
year
month
August,
it
when
was
establish
to
19,129
month
announced
totaled
1945
and
also
and
2,308
1,560,417
than
August
showed
miles
p.
taxes
long-term debt
subsidiaries-
prem.
Divs.
on
than
more
or
a
32%
year
over
traffic-,
were 7,591
of
Revenue*.
July,
1946.
the
month
of
July
ago.
-
21%
or
income
erty
■
$
'
'
777,582
3,469,563
8, 558,064,
2,913,695
6,672,967
f 16,505,755
26,902,088
16, 336,97,f.
17,803,982
$3,994,331 $51,576,093 $51,205,728
$4,030,553
.
1,183,336
14,241,426
14,885,657
764,313
1,587,470
8,982,369
872,697
9,274,675
10,594,503^
105,036
574,987
1,138,704
—
.
62,394
.
;
$2,103,767
574,707
$1,068,950 $25,897,534 $16,168,493
special prop¬
133,334
1,451,422,
$935,617 $25,764,200
$14,717^071'
133,333
reserve
substantial
gains for the month of
11,293,469, which was 48% greater
more
than July,
1946. Express pound.,
totaled
1080.
Net
$
70,004
and expense*pfd. stock of
Approp. to
.
1946—12 Mos. -1945.,.
debt discount,
deductions
Other
period.
705,685
of
Amort, of
-
$
,
—J
——
subsidiaries
15,438,151
164,
on
the
17,283,416 218,613,727-212, 904,594?,
7,813,516
95,100,603
97, 651,992
1,782,292 21,856,222
21, 347,851"
368,438
and excess)
Gross income
Inter,
$
—V
taxes
-
1945,
express
August,
*
new
flew
by Sig-
recently
company's, record-breaking surge
through August. Passengers carried
increased
more
Mail pound
ago.—V.
.
passengers
the
August,
passenger miles
and about 75%
August.
continued
President.
in
than
more
•
■
travel
passenger
fifth
revenue
;■,:■■■
Records
of
extension
1946—Month—1945
1,846,796
income
debt
I Colonial *: Airlines*
records
Traffic
Inc.—Passenger
any
acquisi¬
adjustments
■
Airlines,
for
AND 12 MOS*. ENDED AUG. 31
expenses—
of plant
General
Fed.
the
depreciation-
for
tion
of
no
18,667,362
8,902,012
Operating
Amort.
v
„
apply
date
to
FOR'AUG.
—__'_i
revenue
Prov.
/
30,
the
Period End, Aug. 31— ^
Gross
_
purchases shall be made after-.'
present order.
Commonwealth*,..
that
ruled
right
EARNINGS
:
weeks ?
four
from
has the
however,
i
Ltd.—Production—
that
announces
also
Commission
The
.
,
\
tha.t tin*
except
purchase
may
Exchange
the
J
all purchases of the stock,
gram,
20,769,271 y :
—$82,988,078 $75,262,686^
,
952.
-
1946
or
Upon
• •
for
mund
Balance, surplus
5Earns, per capital sh,_
$13,500
$377,222
328,839
officer
..
directly or indirectly, frbm any associatedirector, or from any associate of any, V/-
knowingly,
Commission
The
must
3,595,448
12,500,000
24,535,088
method to be
that
ruled
also
corporation, according to the SEC order, shall .not purchase its,
The
85,522
\
purchases and the
make
to
during, the time the acquisition,
program is
in effect, the corporation shall not reduce the current
dividend rate of twice preferred dividend requirements.
on
stock
intentions
its
Commission
The
699,1) 7.
306,705
surplus
stipulated by the Commission that at least seven days
corporation begins to purchase preferred shares it shall
letter each holder of record of its preferred fully with,
the
advise
4,144,048
redemption and self-insurance
under employees
purchase price th be paid
was
before
$2,521,244 V
3,443,568
4,958,652
65,092
and
by
1,178,968
/
past service cost
Income plan
—;
also
7,543,250
—J $3,335,010
'
Exchange Comihissidn on Oct. 4 approved an,
the corporation requesting authority to expend
more than $5,000,000 to purchase
in the -open
otherwise, shares of its outstanding $6 cumulative prei* ;;
15,585,728
I
1
$5,000,000 to Buy Its Preferred Shares—
filed
Oct, 4.
on
468,686
$82,988,078 $75,262,686
Colonial
*330,500
95,166
$363,417
.
by the corporation for the preferred shares shall be $1 a share below
the closing, market price' of $118 on the - New York Stock Exchange;,.
■
and
,
■
$638,704
<.l
Corp.—Weekly Output—
.The Commission ruled that the minimuin
1946 amounted, to 405,994 barrels, which compares
with
523,073 barrels ior the five weeks ended Sept.
2,
1946, and
42?,668 barrels for the- four weeks ended July 28,
1946.—V. 164,
P. 159.0*
•
'
'V
1943
$1,578,846
opor.
,
s
,
or
stock.
ferred
To,541,417
16,817,088 :
8,901,964
—
coupon
for
The
53,929
Federal
9.6
.
.
discretion not
its
profits
*
Prov.
180,203,000
173,425,000
176,550,000 :,
10.0% ;
7.3
11.4 s./^
;;
Securities
application
(125,000 no par shares)
p.
-
$1,632,776
;
Increase,'
164, p. 1717,
The
?
of amounts deducted from liability for taxes.
1 After re¬
depreciation of $16,322,109 in 1945, and $14,606,252 in 1946.
tAfter deducting U. S. Government securities—1945, $11,800,000; 1946,
$8,600,000,. §Including possible loss on foreign investments.—V. 164, y
8,673,376
1944
? ''
1945
Commonwealth & Southern
(125,000 no par shares)yiV y
ended
•"
>•"
'
176,795,000
193,279,000
193,189,000
-
market,
17,400,000
Earned surplus
T Clorox Chemical Co,—Annual Report1945
'•
,
The weekly kilowatt hour output^ of electric energy of subsidiaries "
of this corporation adjusted to show general business conditions of
territory served for the week ended Oct. 3, 1946, amounted to 271,528,516 as compared with 243,025,608 for the corresponding week in
1945, an increase of 28,502,908 or 11.73%,-
1945
549,153
Colon Development Co.,
1946
'
v
the stock
"
.
Years End. June 30—
totals of the past four weeks
194,519,000
1946
:•
offering by the North American Securities Co., San Francisco*
of this company at market, resulted in the sale of 99,585
a total, of $704,074.
The balance (414 shares) has been
removed from registration.—V. 164, p. 952.
3,7.47,828,
1206.
..
The
of
$15,869,270 $20,106,516
(at cost).
§Reserve for contingencies,
%
3,396,239
p.
-*+• +
t
for the week ended Oct. 5»
corresponding period last year.
14—193,446,000
three
/
from, railway—
164,
>u'
•
♦Exclusive
ry.
—V.
.
utilities,
the
over
28—
21—.
$4.25. preferred stock
serve
Net
income—
ty
Commonwealth Investment Co.—Stock Sold—
30
;
(less reserve)
Total
Net
oper.
'
percentage comparisons with last year;
$3.50 preferred stock
471,978
*'•'
increase
the kilowatt hour output
are
5———
in
:
securities
receivable
retirement
587,015
348,168
.
other electric
to
10.0%
a
Sept.
i
981,403
$1.49
.
:
Reserve
$1,085,515
429,671
a-.v.-;/
r
,
Sept.
1943
$1,039,841
<
of
April 4*
-
,
^
,
1944
483,527
income
From Jan. 1—
Gross
1945
share* ~
per
holders
to
Co.^-r^Teekly Output—
Sept.
•
30
——^
981,404
$3.10
.
1
Government
Capital
53L930
railway
oper.
L
:
Premium
*
$1,278,408
•„
218,754
stock—
shaire
-
fProv. for U. S. income and excess profits taxes
Amounts owing to subsidiaries
—y,
'
1946
railway
15
.
1946
i
Common
from
*/•'•
v,
Oct.
LIABILITIES—
m
; August—
.u,
Miscellaneous accruals
Hf(
€Un.chfield RR.—Earnings—
'
-V.
$3,182,547 $3,140,254
.487,628,
569,398
265,636
' 265,636
$6,311,156
455,084
surp._
common
Accounts payable
:
Airlines, Inc. An application is pending before
certificate for scheduled daily round-trip flights overand^edar
PhQClUde ^he folldwiD2 cities; Salt Lake City
T^xa?
TX, Tucson and N°Sales- Arizona; El Paso,
V. 1154
buquerque> New Mexico, and Las Vegas, Nevada.—V. 163,
Gross
on
common
Total
t
;
'•
Week Ended—
$3,061,500 '
78,754
$3,152,654
29,893
109,316
tProperty, plant and equipment—
Goodwill, patents, trademarks, etc
Corp. and Resolute Oil
? a substantial interest in 90 producing oil wells.
operations
are
maintained
by a
wholly owned
(f
to "earned
expenses
Investments
Insurance Co.
amounting to
^ ow.ned subsidiaries, Royal Petroleum
0r
$6,201,840
.
1945, exceedd $2,500,003,000.
10 cents
Nov.
*1944
1945
'1
Prepaid
19.45,
Instu^anc® Co. und the Rhode .Island
al °f Sross premiums in force
The
payable
:
influence
14,659,140-'14,016,804
3,652,232'^. 5,770,000 / -5,645,000
InventorieS.::■T^l4-vTii-v^-^^-^---■,--•--•
Blender, the Waring:
Iron and Durabilt Standard
e
Dec.
paid
per
Accounts
the corporation's wholly owned subsidiary,
Equitable Insurance Co. of Indiana and its two
affiliates, the
Inl nAn
$24,585,042
1946
.ASSETS—
Cash
Waring
Folding
dividend of
value,
par
no
.
Following
18,771,860.
oper..
BALANCE
on
subsidiary, Reeves-Ely Laboratories, Inc.
This company,
its own
subsidiaries, had a backlog of unfilled orders at
the end of August, 1946, in excess of
$15,000,000.
Substantial produc¬
tion and
marketing operations are being carried on in such, well known
Automatic
stock,
A like amount was disbursed on this issue, on
19,
be determined.—V. 164* p. 1590.,
*
>
in-an increase of $36,930 in net income.
-oil
carried
are
Oct./ 3: declared »
on
cbmmon
Commonwealth Edison
'#3
♦Restated to reflect the exclusion of the accounts o£ the Western
Hemisphere subsidiaries and to include dividends received from all
foreign subsidiaries in the income account. Such restatement resulted
time
with
bteam
inc.' transf.
commercial airline transport.
electrical
series
21
products,
appliances;
credits
P50f...taxes..
,exc,
from, domestic
income
Dividends
Dec.
of
miscl.
net
—
large
a
ended
MAY 31. 1946
par
excluding, sales
prop¬
authorized a
$72,839,504 $70,831,725, $67,491,296
44,213,572
47,249,931 44,767,992
Depreciation.
; Divs. paid on $4.25 pfd. stock-*.— '
Divs, paid on $3.50 pfd. stock--.—
profitable
a
were
months
its
together
operations
reported,
net
'
incprne from foreign divs
Net
,.;;/'v://iv/
activities
production; insurance; and
The
through
Birrell
loss for the 12
equivalent
approximately
manufacture
electrical
Mr.
the
K
this year, and on April 5 and Nov. 13, 1945.
The corporation announced that its future dividend policy cannot as
and
SIX MONTHS. ENDED JUNE
THE
sales—
forsinc. and
Net
Net
stated,
and losses,
made,
were
f
56,251
shares' for
adjustment,"' he
non-recurring and unusual expenditures
46,270
and July 15,
program,
sales_i
expsr-less
Prov.
acquired various corporations
many
63,282
129,181
$74,500;
no
record Oct.
equipment
Although material short¬
of
have
will
has
Directors
of
modernization
approximately $25,000,000.
government
domestic
Net
pany,
„
58,307
133,740
—
Electricity output>f the Commonwealth Edison- group .of companies?*;
...
The year 1945 was a period of transition in the
history of the com¬
Mr. Birrell said in the report, during which Claude Neon
Lights
and expanded its' business activities.
,
$528,384
175,23&
$637,076
(after
directors
the
on
study has been made of the company's domestic
expansion
INCOME ACCOUNT FOR
corporation, combined' with those of its
subsidiaries, excluding insurance companies, expanded to $10,936,647 at
1945, Lowell M. Birrell, President,' announced in the annual
report mailed to stockholders on Oct. 9.
This compares with total
31, 1944.
197,128
%
'
stored
£ •!#:
»
1
Columbia Gasr & Electric Corp.-^10-Cent Dividend—
compared
as
of
The
.
Inc.—Gross Assets Higher—
on Dec.
42.425L.,
30,000
•
"«
re¬
it is presently expected that it
will be completed
within three, years,
This program includes the
projects 'contemplated in the $9,000,00fr program previously reported.
this
$1,787,980
■>
preferred stock (outstanding 745 shares of na
series
"B' preferred stock
(outstandnig 6,115.'
value), $611,500;common stock, no par valuer."^*
(authorized and outstanding 15,000 shares), $300,000; capital, surplus,
arising from retirement of preferred stocks, $163,282; earned surplus*
$742,733; total, $2,974,521.—V. 163, p. 1422.
totaling
1946,
required in
$2,143,018 from $5,800,000
lower
was
result
a
and
ages
Dec. 31,
assets of
■ ■1
profits taxes, $284,496; other accrued taxes, $30,409;-otheR*
$19,343; reserve for retirements and replacements,
$7.00
value),
—V.
gross
■
liabilities,
shares
''
of
'v
year—
sold——
apples
excess
par
total
a
■
decrease
a
of
estimated
.Mr. Flaherty comes, tot Detroit from Washington, D.
C., where he was
of the Exports and
Shipping Statistics Section of the Foreign
Division, Bureau of the Census.-rV. 164, p. 1590
assets
of
"» ■« .■
market-price $21,100),
$683,610;
Sales of
1945.
as
intensive
erties
chief
gross
end
•
$600,800
204,367
receivable
accrued
com,^
Trade
Total
at
i ■ "
$742,733
me
$180,339)
420,470
.
receivable, $1,549;
/
$17,353,405 at Dec. 31, 1945,
program
,
Claude Neon Lights*
,
2l9„55(fc
$2,295,950;
counts
V
and $29,893 from foreign dividends,
the first half of 1946 were- $72,838,504 as
1946
are
aggregate
with
Finance
1945.
,«
40,735k, "
cash, $216,737; U. S. Treasury Savings Notes, Series
C, at cost, $138,000; U. S. 7/a% Treasury Certificates of Indebtedness*
; series
K, due Dec. 1, 1946, at cost, $75,000; U. S. Savings Bonds, series
F, at'current redemption value, $20,292; .marketable securities, at cost?
Net current assets at June 30. 1946 amounted to $50,876,605, an ;t
of $3160,984 over Dec. 31, 1945.
Cash and government secu- ve¬
rities, exclusive of amounts deducted from liability for taxes, increased
$3,836,849 to $33,269,270*. Inventories, priced at average cost which in - ;
Committee, announced
°n Oct, 9. the
appointment of William C. Flaherty, as chief statistician
of this corporation,
succeeding John W. Scoville, who resigned Sept.
30,
ress),
increase
Chrysler Corp.—New Chief Statistician—
Hutchinson,
,
ASSETS—Plant, property andr'equipment (including; Work in prog*;.
'
15 stated; Net income for the 'six
$6,311,156, equal to $3.10 per share
Aug.
on
20,'1946
dividends.
as
$3,656,982,
present
•
>•» •„<•i!
sold
coal
of
stacks.—^
stock.—
BALANCE SHEET,
fi
compared with $14,659,140 last year. Income taxes have
provided in 1946 at the applicable rate of 38% and amount to
been
a commitment were obtained and also would be fair if
in
of
ice
Barrels
Domestic operating, expenses
the present preferred and to pay
claims in cash in full, would
stock to be underwritten were offered first to
stockholders.
Such
a
plan might be attractive to
stockholders
since
they might obtain a larger participation
3Q,
$18,771,860
stockholders'
common
of
Tons
The company's interest in net income of these subsidiaries
$1,088,578 as compared with- $963,563 last year.
Earnings of
"
common
*•
June
ceived
a preferred position,
larger participation in the common stock (although a junior
might appeal to common stockholders.
; ;
t'-'Proposals to obtain an underwriting of the new preferred and
off
sales
subsidiaries
the
common
29,815
on
/.•
La.-
1945.
was
issue)
new
42,133
of year—
'
Total
company's foreign subsidiaries were $19,263,527 for the six months
in
preferred stockholders because of their retention of
and
$709,023
37,276
'
'
__
at begin,
Dividends
of $92,103,031 for the company
arid these subsidiaries. This compares with an aggregate of $89,316,197
and could be made fair if the present
preferred stockholders
receive, in addition to the proposed new preferred stock issue,
of the new common stock and
present common stockholders
to
June
sales, for
with
ended
were
to 60%
were
income
Tons
New
Inc.
Oct. 4 filed a letter of notification with the SEC
par) capital stock.
Offering price, $10 a
R. S.
Hecht & Cq,,. and Howard, Labouisse,
New Orleans.
Proceeds will be used for purchase
Little, President,
ended
Domestic
new
warrants
or
H.
the
preferred stock and
new
bank
no
$130,834
528,383
41,899
8S*.
-
60,00(h "
187,559
$821,908
■
»»
1
60.QO0
'48,245
$184,833
637,075
V
0
$500,711
.
78,000
105,242
tax—,—180,588,
,,
Dividends
x
3 from / domestic operations
the Court
and feasible,
would
.
,Zr~,
profits
Earned surplus
barges and for additional working capital.
months
,
preferred stockholders
plans proposed should be approved by
both fair
stock
to
(3)
stock to the present
common
proposing to issue $3,731,600 of
common
'
,
to provide payment to creditors in accordince with
computation urged by the debenture holders' committees,
eliminate
and 25%
is neither fair
.
(1)
the method of
to 75%
"
„
'
$19,601; notes receivable, $4,400; ac- reserve of $16,233),
$90,069; accrued interest
>
inventories, $53,273; prepaid accounts, $35,325; investments in Associated Delivery Companies, $24,202; special deposits,
•
of
common
stock., Income from
domestic
operations amounted to ..•?
$122; total, $2,974,521.
$6,201,840 and dividends from foreign subsidiaries added $109,316.
.
y, Net income for the first half of 1945 amounted to $3,182,547
or
LIABILITIES—Accounts payable: $50,497; dividends, -payable July I, '-,
$1.49 per share of common stock, of which $3,152,654 was derived
1946, $10,476; ice coupons outstanding, $3,674; accrued Federal income* ,
E.
the SEC slates:
:
.
and.
Federal
..
Colgate-Ralmolive-Peet Co,—Semi-Annual Report—
:
its fairness."
conclusions
*——
income
' '
, III.! nm^. Ill
III
$549,105 •"/•' $477,935;
443
1,491
-
',
$1,980,281;
' 1,479,570 v
1,820,077
'iii".!"!.!!
'
•v.'.-i.-v
1944
EARNED SURPLUS: ■''
1,760,469
1
*
ii
■y'-?;; V
t$%
meeting
sists
we
•
income*
Interest
i
i
'Vf 'I;.
j;''
•,
^
i
■
"
■
1946 //
1945
$2,309,574 ;:$2,298,Ql^
& general, taxesw—
exp,
Prov*.-,f or retire,
($10
Co.,
i
..
® /'
31-—
,
Underwriter,
Friedrichs
«
,
company
27,900
share.
"»
k,
*t'.
—T
revenues
Operating
sound
financial structure.- The other stockholder plans -are generally
feasible,
including those - plans providing
for" the issuance
of
new
preferred stock, except where warrants are included in tho proposed
'
\
.
r STATEMENT1 OF INCOME AND
t
Total
•
-
i
£.*.?,
.1
For Years Ended May
held on Sept. 16, 1946,
stockholder's.
approved a proposal to reduce the capital of the company by $41,430,
the two-classes of stockholders which aie outside the
range of fairness Z said reduction to be accomplished by retiring 12,429 shares of capital
and, in some cases, are also unfair by reason of their use of long-term i stock of the company owned by it. These shares had been acquired
at a. cost to
option warrants.
A common stockholder proposal to leave outstanding
the corporation of
$65,897, of which $41,430 will be
the present preferred stock with its dividend accruals is unfair in failing
charged against capital account and $24,467 against earned surplus
to make equitable
account.
provision for such accruals and for a proper dis¬
Including the 12,429 treasury shares, there were outstanding-.
tribution of voting power; it is also unfeasible in
341,268 shares—V. 1G3, p. 1025.
perpetuating an un¬
are
'
•.
Federal
To Reduce
repre¬
■
i
$355,000;
$3.33Vh
value
y surplus,
.;
r
'
Colonial Ice Co.—Annual Report—
accrued Federal taxes on. income
046,862;
In
option
$69,119),
LIABILITIES—Accounts
proposing an all-common-stock plan the
trustee is providing for a sound
capital structure; however, we con¬
sider unnecessary his proposed bank loan
and regard his proposed
lise
for depreciation of $513,641 and for revalua1941,. to approximate prewar
$1,791,453; deferred charges, $136,525; trade-
y: marks, $1; total, $3,552,737.
preferred stockholders in the allocation of new securities between
preferred and common stockholders and is thus unfair to the
the
levels of
price
.
in
reserves
tion of mercury purchased after June 30,
.;
and
unsecqred
failing to provide for payment of their claims on a
computed basis; it alsq discriminates unfairly in favor of
creditors
(after
equipment
by various parties in interest.
The report states:
'IWe view certain aspects of the trustee's plan as
bqtb unfair
Unfeasible. It is unfair to the debenture holders and other
"
.<•)..•
..
■
together
submitted
the
"
•
•
trustee,
90.5%
more
than
the
same
;
month
Balance, before divs.
on
pfd.
stock
of
parent
a
—V.
164.
corporation.
D.
1717.
$2,103,767
Volume 164
Consolidated Coppermines Corp.—Earnings—
'Period End. June 30—
Net income
$376,596
Actual
develop and exploration expenses
Amort, of mine devel.
-net of current
expend,
-
,
-
-Net income.
corporation is to give effect to the
38,758
29,218
79,524
25,691
81,478
51,513
-
161,311
51,382
:
JPro. for Fed inc. -taxes
$289,670
73,000
$232,534
60,000
$374,044
94,000
$401,211
100,000
Y- Net inc. before deple.
$216,670
$172,534
$0.11
$0.08
$280,044
$0.19
$301,211
$0.09
Earn, per
•—V.
.
share—
com.
8, 1946, or have been called for redemption and payment of the
tion price provided."
i
<
•
1
The issued and outstanding capitalization of the corporation
162,. p. 3416.
'
'
'
:
•
,•
^YY-'YV'
•
' r
I
■■
Consolidated Edison Co. of New York, Inc.—Output—
The
on
Consumers Co. (Del.)—-To
generated
amounting
Receives
to
of
accrued
preferred
dividend
stockholders
reduction
a
addition,, the company
on
the
stock, payable
cents
.
by a
Period End. Aug. 31—
being
Prov. for depreciation*—
present the company has
this amount.
The new
plan for
no
"unearned
called
account
new
a
disposition of
the
fctock.
in
part of
Amort,
part;
"As
to our
General
Fed.
and
second
the
issue
of
and
issue
but
about
$2,800,000
non-callable
of
Inter,
bank
loans.
In
anticipation
Net
—V.
In
the
feet
lower
The
:
:fen
addition
extension
Water
Of
New
The four
York. City
present normal
feet
the
to
cubic feet.
The
since
capacity
plant's
•
of
to
the
of
the
of 65,000,000
present
dally
cubic
feet,
capacity
emergency
^
day to the plant's
and 36,000,000 cubic
For
of
the
about
2,200
the
With
Edison's
■
$8,869,274
emergency
capacity
gas
these
reasons,
being
gas
built
its
in
by
installations
territory
gas
heating equipment.—V.
Eight Mos. Ended Aug. 31—
Electric operating revenues
"jDaa operating revenues**—
Steam .heating, operating
August; 1, 1946.
.
164,
__
.
are
.
Taxes
$1,289,286
97,203
$1,541,328
105,671
$868,903
$1,386,495
27,494
76,841
327,497
965,219
$1,646,999
103,888
614,719
810
377
$513,102
$0.97
"
<
-
Net
being
tax.
—
___
inc.—
on
interest
income
per
■^Based
156,520
on
share
com.
$344,058
$926,629
$645,256
$0.71
$1.76
$1.33
income
and
expenses
and
accounts
Inventories
______________
3,686,083
5,181,191
439,943
—
cattle
Plant rehabilitation fund
tax series--principally U. S. Govt
Treasury notes,
S.
46,380,180
■
~
:•
taxes
1,999,584
328,402
2,392,000
1,949,285
151,137
______
Long tefm debt
Reserve for
contingencies,..^
—
,
Other -income
438,585
_•—
—
o£,-premium
on
bonds__
455,081.
"Earned
Y
income
$6,098,158 «$6,191,219
.1,427,H2 v 1,522,777
•___
Portion.of premium-& exps. onxser taiixboiidsY Y
called tor.--Tedempt.'oh_._-i._I-^__J.^_Y,i.i._i.«'_i._\
.1,358,422
OtherReductions —
.98,994
162,878
11,403
—_
:_
surplus
"
■'
insurance——
for
-
5,163,603
35,239,476
16,244,053
8,112,275 346,666,247
43,961,457
23,596,810
78,607,066 104,213,615
1,282,613
1,925,760
52,489,587
10,047,886
1,000,000
—
11,500,000
War
—
value)—
stock ($1 par value)
—•;
Class A stock ($1 par
Common
Capital surplus
Dec. 31,
,—
.
418.
p.
Inc.—Earnings-
from
1945
";
1946
30—
1944
.%
648,483
198,812,.
179,793
480,273
374,858
500,000
149,134
637,442
700,000
435,628
amort.
256,397
324,369
exp.__
for depr. &
'
1,102,218'
Social secur. and unem-
YY;Y
taxes
post-war
ploy.
adj.
for
and conting.
1,011,841
~39~,000
no,Boo
:V". 209,167
331,747
15,126
14,274
45,007
139,795
$722,646
$2,291,180
18,679
64,153
tax.
Wisconsin inc.
Est.
Interest
Y
$7,316,413
542,372
1,152,284
expenses
and admin.
Prov.
Prov.
1943
$9,461,552
$4,655,111
1,116,518
$2,513,818
oper.
Gen.
864,687
4,136,118
profit
Selling
47,149,521
353,833,149 756,592,965
1
Cutler-Hammer,
Gross
.
82,948,382
1931
Total
164,
859.129
1,158,702
7,432,039
14,304,346
7,432,039
14,663,124
__—
Earned surplus since
32,831,000
1,344,259
•1,158,702
stock and surplus
19,400,000
32,344,713
guaranty and insurance reserves
and postwar conting. and readjustments—
Minority interest in capital
of a subsidiary company—
96,931,217
10,418,493
trade creditors
deductions for withholding taxes, war
% bond purchases,.
Accrued wages, taxes and other expenses——
Advances on contracts (U. S. Govt.)
Accounts payable, U. S. Govt
—
Provision for Federal ..taxes on income
Other current liabilities——
—_
Termination claims* payable to subcontractors.
Post-termination costs and expenses—^—___
Payroll
9,276
483,558
526,382
1,321,501
5,229,316
shares)
353,833,149 756,592,965
-
-
6 Mos. End. June
...—1,085,086
*
226,205
income
on
liabilities
Capital stock (526,382
Paid ill surplus..
Total
'
LIABILITIES—
Accounts payable,
—V.
$1,179,649
80,000,000
76,264,148
Expenditures on cost-plus-a-fixed-fee contracts,
189,056,563
to be reimbutsed
—
Inventories of raw materials, parts, supplies and
28,595,337 133,440,155
work in process, at lower of cost or market26,986,390
Advances to subcontractors.,
:
;. 10,438,023
Terminated
contracts—claims filed or to be
43,605,643
filed against U. S. Govt
—___:— 96,841,154
2,424,063
Prepaid taxes, insurance and other expenses—
1,184,886 25,601,000
Postwar refund of excess profits tax
1
L
Manufacturing facilities, at cost (after allow¬
17,682,661
ance for depreciation "and amortization)—___■
4,257,938
1,629,386
Mortgages and other investments
-—2,710,037
Real estate, machinery and equipment held f,or .
v Y; .
■
2,371,821
disposal,
——_____
6,034,708 ;
2
Patents and license: rights
,2
'
-
$
11,718,657
136,030,749
26,304,498
.
contracts
1,043,621
•'
_^i_—$400,000payable and accrued liabilities
s.
1,914,639
current
Other
.
206,721
1944
29,717,160
and on hahd___„__
Cash in banks restricted to use on U. S. Govt.
$13,269,410 $11,101,696
—
Federal and other
$5,742,138
3,737,313
Bank loan
.
■
" v' 254,133
—
—
LIABILITIES—
,
27,665
1,515,917
2,503,414
'
111,150,953
in banks
575,000
Other assets
Total
Y
25,111
1,900,463
"
Dairy
1945
$7,659,572.
14,724
____
receivableYY_t-^T.-_^^_i
equipment depreciated
Plant and
$1,492,045
$1,767,782
•
S
Accts. receivable,
$1.42'
depreciation and;
1943.
Y
DEC. $1
Service
1945
"
-;
1945
Reserves
1946'
States Treasury notes*.___.
Marketable: securities at
$36,939,217 $37,013,882
21,319,016
20,735,683
3,566,237
4,439,109
4,394,390
8,096,951
_—
JUNE 30
f
Y
"United
Notes
1,833,752
789
hand and in banks
on
140,142
526,382 shares in 1946 and 483,558 shares in 1945.
ASSETS—
Cash
$2,619,939
■
1,763
V
CONSOLIDATED BALANCE SHEET
equipped
691,189
_•
Minority interest in subsidiary.
.
ihclude provisions for
amortization of $3,223,955 in 1944 and $2,962,308 in
$2,463,419
38,093
Y
deductions
'■Earns,
to
1717.
p.
756,370
revenues*-*
—
amortix.
tm
$830,804
profit
for
Prov.
$27,862,563 $27,952,846
8,320,283
8,369,846
___—
<fc
,
1946—3 Mos.—1945
1946—6 Mos.—1945 ;
$8,610,466
$7,475,037 $16,022,384 $14,327,290
11,853,871
"Minority
of
the winter
designed
are
1946
Total .Operating revenues
Operating: »expenses^-,.-l^i,__-_«:
Depreciation and amortization
Int.
shares
14,481,056
Accounts
•'
With
6,185,751
Total income
1,600 new installations have been made in New York City
Westchester.
It was added that from 75% to 85%
of
Operating
share—
common
per
!
5,572,742
:Y,/V. < $1.61
$3,656,272
sales, &e._—7t779,662
Income
Consolidated Gas Electric Light & Power Co. of Bait.
'(& Subs.)—Earnings—
•
Earns,
paid
$12,883,347
2,317,300
5,572,742
2,317,302
3,424,818
$178,054
CONSOLmATED STATEMENT OF INCOME
Other ■ -income
in
automatic
2,545,164
30
sales
Gross
Hunts
economic
homes
new
285,389
of
peak load demand only and remain idle the rest of the time.
They are only called on during adverse weather conditions.
The
company
reports that there are now more than 13,000 gas
heating installations in its territory in New York City, and about
10,000 in Westchester County, a total of 23,000. Since Jan. 1 of this
and
Sept.
99,867
-
$14,331,062
$24,430,217
2,317,302
3,715,163
$2.97
_
CONSOLIDATED BALANCE SHEET,
Perfect End. June 30—
Cost of
90,000,000
meet the
year
$7,081,090
$463,443 $11,414,438
August 1, 1946 company had outstanding 533,014 common
On
Net
present
Consolidated
59,286
divs.
,
installation
,1947-48.
87,840
205,421
1936." Throrights expired
Point, plant to meet emergency require¬
city gas load has already been strengthened
a
liquefied petroleum plant.
Under extreme
tveather conditions, when gac demand is sent soaring by persons using
ranges to heat their apartments and by added orthodox usage, the
output at Hunts Point can be increased 10,000,000 cubic feet a day
t>y mixing-the liquid petroleum gas with manufactured gas.
Liquefied petroleum installations now being made at other gas
■manufacturing plants will add another 22,000,000 cubic feet a day
by
198
compared with 507,006 shares at the end of March, 26,008 additional
shares having been issued during the second quarter for exercise of
warrant and -option rights outstanding as the result of financing in
a
„
ability
ments
CY2.015
1878.
sets will add 32,000,000 cubic feet
new
6,153,026
,,.269,238
-
,
added to earned
surplus
A divs. paid
Common
369,508
—i—
ASSETS—
on
$12,983,214
$14,600,300
$24,799,725
minority
to
—
inc.
Net
U.
.
in
1,102,304
Creameries of America^Quarterly Report-^
-
ready -for the j heavy demands of;,
of four water gas sets, to be housed in
the present plant there
which now consists of six
The water gas process of manufacturing gas consists
coke and enriching the gas with oil.
It hAs been
carbonizng
use
682,908
filed a letter of notification with the
SEC for-2,290 preferred shares.
Offering price, $100 a share." Pro¬
ceeds will be used to purchase machinery for expansion program.
of
In
37,355
$803,961
company
Y; 9,038,000
■
______
applic.
interest
3,937,670.
4,008,903
323,768
Copland Fabrics^ Inc., Burlington, N. C.-^Files
will consist
sets.
gas
Balance
164, p., 1591,.
The
Cr9,088,000
8,520,000
$17,231,072
$1,009,381
4,225,000
90,875,000
excess
■
SEC—
of capacity to its Hunts Point plant
Bronx,
N.
Y. City.
The
addition to the company's
cost an estimated $6,400,000 and
will
be the first
capacity will
major one since 1932.
It will be
the 1947-1948 winter months.
of
359,849
86,200,000
Cr8,520,000
for
Portion
day
per
taxes—
Class
stock____
pfd.
-J2,800,000
surtaxes-
refund
profits
Cash
In the "face of an unprecedented expansion in automatic gas heating,
this company is expanding its gas manufacturing facilities by adding
cubic
$1,480,317 $16,613,484
289,485
Y
income
on
$108,283,891
5,323,742
1,053,372
2,800,000
62,000,000
tax________-_
war
and postwar
'
CV99.512
-
Balance
this
of
profits
Prov.
2,358,781
3,246,508
7,194,492
deductions—__
Divs.
$94,082,432
3,429,335
—YiY"
NOTE—Costs
Expanding Gas Manufacturing Facilities—
36,000,000
■
407,671
$1,334,206
on
Other
A
debt.
refinancing, we
have already established a bank credit of $65,000,000 with a group
*)f New York banks.
We hope,
subject to market conditions, that
the refunding of the preferred stock would follow, as soon as feasible,
the completion of the bond refunding."
.
871,588
1,335,811
3,343,450
J
long-term debt
debt discount,
prem. and expense-
$90,000,000
off the
pay
170,286
on
Amort,
debentures
of
8,762
income
Gross
$100,000,000 would be used to retire $65,000,000 of
and repay a part of the bank loans.
A
would refund the last of the debentures
company's
final
all
prepay
Postwar
actual
refunding plans, these are, of course,
subject to change depending on market conditions.
As presented to
.the New York State Public Service Commission, and subject to its
approval, we plan to offer first an issue of $100,000,000 of our new
refunding bonds the proceeds of which, together with temporary bank
Joans, would be used to retire all of the company's callable mortgage
debt
taxes
Excess
$58,707,174
28,053,348
29,407,475
6,789,500
6,562,851
2,212,877
558,042
_]
excess}-
and
income
profits
stockholders,
the
taxes
4,988,658
$111,120,875
2,425,935
611,726
conting. and readjustments
2,677,458
587,792
of plant acquisi¬
adjustments
tion
Ralph H. Tapscott, President, in his remarks to
eaid
any
preferred stock will be used to refund the present preferred
-Yy
1948—12 Mos.—1945
$4,829,193 $63,330,086
$5,479,806
____
Operating expenses _Yr_
At
surplus."
revenue
3,729,818
deductions—.
and
inc.
24,390,171.
$106,132,217
$104,554,073
3,346,165
U. S. Govt; advances
on
;
■
25,059,544
"
$90,736,267
___
Total income*
Int.
25,062,747
income
Normal
1946—Month—1945
Gross
and
expenses_^________'
Balance
O.ther
common stock will now be carried on the books at $20 a share,
Instead of around $34 a share,
as
previously, about $162,500,000
to
devel.
Consumers Power Co.—Earnings—
*1 The
expenses.^
research
Engineering,
1943
1,119,850,280 ;
44,863,649
1,529,456,510
57,865,050
' Y
<.
1,042,531,785
39,374,284
.____
and gen.
Admin,
Misiiellaneous
.
transferred
sales..
of
$1,295,236,317
$1,197,705,083 $1,716,935,177
___:
Cost
1944
1945
:
to
known as Consumers Co. of Illinois prior
Dec, 9, 1940; when, present title was adopted.—V. 162, p. 351.
company, was
stocks are
YEARS ENDED DEC. 31
ACCOUNT,
INCOME
CONSOLIDATED
Sales
of company funds.The; $7.50 per share premium on the preferred stocks which will,
amount to
approximately $509,000, is chargeable to capital surplus.
However,
this charge is' more than offset by' credits arising from
preferred stock retirements in 1942 and 1943. Earned surplus will be
charged with the accumulated and final dividends, which amount to
This
all unpaid
common dividends, after
participating and preferred
any
the
on
Curtiss-Wriglit Corp.—Annual Report—
assignees on surrender of stock certificates.'
the--redemption and
final dividend, -which
together
$62.84 a share, or approximately $4,260,000, will be pro¬
$3,000,000 8-year 2V2% loan from the First National Bank
$360,000.
,
dividends
pp,id.—V. 162, p. 1279.
of Chicago anp by $1,260,000
in
the
30% .in
to
up
accumulated
for
aggregate
the capital
company to $429,526,254, to be achieved by writing down the
stated value of the common
shares, and authorized the issuance of a
new class of cumulative
preferred stock. (See V. 164, p. 1327).
The change in the stated value of the common stock was approved
by the vote of 9,915.978 shares of stock, or 72.56% of the sharesoutstanding.
A total of 306,216 shares voted against the resolution,
representing the opinion of 2.24% of the outstanding shares.
The authorization of a new class of
preferred stock was approved
by a vote of 9,864,924 shares, or 72.19% of the outstanding shares.
The resolution was voted on negatively by 361,538 shares or 2.65%
Of the outstanding shares.
•
£
authorized
8
50
participate,
Nov. 7 all its 67,792
share, plus $4.84 in
has declared a final
Nov. 7 to registered
a
their
or
Funds
vided
Oct.
on
of
In
must either make
Unpaid interest at June 30,
extension.
.
consists
Retire $3 Preferred Stock-
redemption on
(par $50) at $57.50
for
called
stock
dividends.
holders
.Credit of $65,000,000.
has
to holders from the latter source.
F. Adair Monroe, President, said,
paid
company,
interest when they mature, or arrange
1946 was $305.44 -on each
;
bond.
•
:
•
■ ...
'■ ; •;
■
•
The
company
proposes
to offer debenture holders the right to
'exchange each• debenture,-in the amount of $1,330 and all unpaid
interest to the date of the plan, for $1,330 of new debentures and
i six
shares of participating stock.
"
• •
•Issuance of the new debentures would be limited to 24,000 shares.
■YIt would be entitled to carry interest at 5%, payable only out of in¬
come.
The participating stock would be limited to 34,000 shares.
It
would be entitled to cumulative dividends of $5 per share prior to
dividends on both the preferred and common stocks.
It would also
$3,000,000 Bank Loan—
company
shares
>
Write-Down of Stated Value of Common Stock and ;
New
Preferred
Issue
Authorized—Establishes
Bank
.The
The
•
increase of 6.0%.
Of
in
been
The
payment of the debentures and
an
the
Oct. 9
announced that System output of electricity
and
purchased)
ior the week ended Oct. 6,
194,400,000 kwh., compared with 173,300,000 kwh.
for the
corresponding week of 1945, an increase of 12.2%.
Local
distribution of electricity amounted to 182,900,000 kwh., compared
With
172,600,000 kwh. for the corresponding week of last year, an
company
(electricity
1946",
redemp¬
debenture
has
v
shares of common
shares
.-Under
■
per
stock, par value $1 (not including 1,665
treasury), and 60,000 shares of
cumulative pre¬
ferred stock, series A, par value $50.
The power of voting upon the
proposals to be presented at the said meeting is vested exclusively in
the common stockholders.—V. 164, p. 1591.
of 367,361
.
debenture bonds.
♦
reorganization proceedings in 1938, unpaid interest of $330
was added to'principal.
The debentures then were ex¬
tended to Jan. 1, 1949, with cumulative 3%
interest payable out of
income or sale of assets.
The amount of $33.55, less Cuban tax,'
60% '50-year
the
of
cumulative
$2.75
of
certificate
issued
retirement of all previously
preferred stock, without par .value, which,
have been
reacquired by the corporation either by purchase or by
redemption thereof or by the surrender-thereof in exchange for shares
of. 4J/4%
cumulative'preferred.stock, series A (plus a cash payment
of $1 per share and accrued dividend) pursuant to an exchange offer
issued td the holders of the $2.75 cumulative preferred stock on July
shares
.
•"
38,537
25,730
Depreciation
v
,
Extension of Bonds—
stockholders on Oct. 21 will be asked to amend the company's
of incorporation to carry out a proposed plan for extension'
me
par
;
$643,122
$545,793
■
17,974
1
*..
above
•
"
•
Cuba Co.—Proposes
stock, .par $50 each, and ,500,000 shares of common stock,
$1 each.
Herman Huscth, President, states:< •'■**?• -/»);r.
"The purpose of the resolution tc reduce the capital stock of the
preferred
Y-%.L;Y;..y<Y
1946—6.Mos.—1945
$355,723
.
22,659
.
period's
shown
rU.
1940—3 Mos.—-1945
.
1867
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4533
paid
•
—V.
$13,269-410 $11,101,696
J—
.Total,
163, p. 2992.
Net
profit from oper.
income (misc.)__
Other
.
,
$4,143,493 I $6,075,035
...
80,684
28,166
.
-
income
Net
;
■
—-1—Y,
$3,213,628.
$3.74;
•
Earnings per :Cdmmon share
—v. 164, prim.
-
.112,830
.$4,561,fii2
' ;
,$3.18
Consolidated Natural Gas Co.—50-Cent Extra Div.^rThev;directors
Share
have
declared
an
extra
dividend
of
50
cents
both
and the regular semi-annual dividend of 50 cents per share,
payable Nov. 15 to stockholders of record Oct. 15. Like amounts
disbursed
on
May
15, last, and
on
May 15
and Nov.
164, p. 1717.
15,
1945.—
YV.Y-YY?
; (The) Crosley Corp.—To
and Proposed Liquidation—
At
sider
•Consolidated Retail Stores, Inc.—Sept.
.Period End. Sept. 30—
Pales
.
•
1946—Month—1945
$2,944,379
—
Sales Up— Y
.
capital
6hares
stockholders
of
of
the
$2,305,154 $22,733,787 $17,700,146
par
$1
Oct.
16
will
on
a
proposal
to reduce
the
from 640,000 shares, consisting of 40,000
preferred stock without par value, 100,000
stock, par $50 each, and 500,000 shares of common
cumulative
each,
to 600,000 shares,
consisting of
100,000 shares
special meeting
the
transfer of all
and
Corp.
for
each
will be
See
vote
corporation
$2.75
shares of preferred
stock,
on
a
distribution
1946—9 Mos.—1945
To Reduce Capitalization—.
-The
Peiroleum Corpi—Stockholders Suit Resumed
Total income
of
liquidate
of
share
four
of Crosley
Aviation
for Nov.
the assets of
on
the
18,
the
Transfer of Assets
Y" 'Y'- ' Y'Ustockholders will con¬
to The Aviation
corporation
the company on a basis that will afford the
shares of common stock of The Aviation Corp.
entitled to vote
also
calfed
Vote
common
stock held.
at this meeting.
Corp.
above.—V.
164,
,
Stockholders of record
.
p.
1081.
Fed.
Est.
inc.
$2,355,333
$741,325
_:
and
war
v:
profit for
Net
—V.
per
com.
De Beers
;
1,720,958 Y 3,264,550
4,948,305
$1,154,896
$1.75
$459,625
$634,374
$977,628
$0.70
period
share..
164, p. 1081.
.Capital
Y;
281,700
credit)
■
Earn,
$0.96
$1.48
"
Consolidated Mines,
and Split-Up of
Offer— ' \ Uy
$6,103,201
exc.
prof, taxes (less post-
per.
Were
V,
Grcole
% The minority stcokholders' suit against this corporation, a Standard
Oil Co. (New Jersey) subsidiary, charging that Creole made an over¬
payment - in purchasing the Venezuelan assets of Lago Petroleum
Corp.,
another Standard Oil
affiliate,
was
resumed on Sept* 30
before
Supreme Court Justice Morris Eden in New York, N. Y.—
V. 163, p. 3131.
$4,224,l78i
Ltd.—Plans Increase in
Shares—Acquisition
:;YYyYyYY" '
Deferred
yY:.;v:'Y; y
;■
10s de¬
plans to split each outstanding share of £2
10 shares of five shillings par value.
also will increase its capital through creating
000 additional shares of five shilling, deferred stock.
The increased capital is required to finance the offer the company
The
company
ferred stock into
The
3.5QO,-
company
making early next year to acquire the publicly-held 3,240,500 com¬
shares of Consolidated Diamond Mines
of South-West Africa,
The offer will .be made on the basis of one existing De Beers
deferred share for eight shares of Consolidated. . De Beers already
holds
the
remaining
2,359,500
common shares of Consolidated.—
is
mon
Crown Drug Co.—Sept.
Period End. Sept. 30—
Sales
——
—V. 164, p. 1717..
Sales Increased 15.2%—
Ltd.
1946--Month—1945
1946—12 Mos.—1945
$1,007,598 $14,515,110 $11,863,030
$1,160,660
,
•
•'
V
1RR
n
9487r
V.
157.
D.
2247.
,
:
1868
The
payable
to
New
-extent
of
$25,000 for payment of a short-term note and the
balance, together with amounts aggregating $87,140 to be borrowed
plant replacement fund assets, would be used for the purpose
the
Eastern Oas & Fuel
■from
extensions,
,<,'«•
,
and
to plant
improvements
and
additions
»
1
,
12
RR.—Bids Invited
& Western
{Delaware Lackawanna
locomotives
to
replace
The
Net
Earned
—V.
flown.
'
traffic
The
figures,
Operating
The
be
Oct.
on
share.
filed
2
(20c
shares
300,000
a
The
■*3'
1
-
$302,867
railway____
f3Ntat: from- railway;
70,878
85,595
*
.Netry. oper; Income—.
.From Jan. 1—
from
<Gro»s
$2,987,560
$152,514
$2,245,802
amortization
$175,577
34,648
66
2,160
$114,448
from
Net
railway
Net /ry-'-, oper.
—iV. 164, p.
1206.
.349,118
v-
.
,
.
from
taxes other
all
tfor
normal
Federal
•Federal
K
utility
-
J| r
\
Sales
68,193.870
709,000
,
_____
_____
553,549
;
___
$9,239,870
1946—Month—-1945
Net
of
$5,033,204
sales
Gross
profit
$1,486,705
Total income
$1,500,671
__•_
$694,317
expenses
425,489
238,389
before
for
Transfer
Fed.
Federal
tax_
$1,075,182
$455,928
468 878
182 371
from
10,679
against
reserve
conversion to peacetime
Net
re¬
Net
profit
$606,304 ;
^Earnings per capital share
$273,557
$1.21
AS
OF
JULY
ABSETS^x;x
on
Government
hand
31
Gross
Total
1945
Fed.
$802,041
'l40075
406'165
906*210
795*488
56*542
I~~
I
property, plant and equipment
JPrepaid taxes, insurance and other items
'
.SRatents—at nominal value____
'
i*' *)•''.
' 1
' •
.v
v/O..'
'^} J#
i
158,877
Pref.
Accrued
Capital
stock
expenses_~ZII~"~ II
surplus
.'-i
t;
:
,
,
■
;'«.y
•
)V
x"
$2,049,811
83*183
43~204
Dr23,769
Deetjen
$3,567,414
75,000
shares
($1
par)
Underwriter,
common.
Co.,
New York.
Net proceeds
consisting of airline catering
jshop operations.
business
will
and
be
used
for
restaurant
Emanuel,
expansion
and
coffee
Bucommon Metals & Supply Co.—Dividend No. 2—
17,022
376,389
the
common
stock,
71,000
82,321
908,605
initial distribution
of
like
amount
$5,298
$198,172 '
28,380
$227,025
76,000
1,656
$226,552
" .76,008: X
2,312,
■
$6,149;
—____________
Fansteel Metallurgical
1,058,366
deduct
:xX.
$266,701
dividend
for
164,
$149,368
122,435
.
$148,240
119,126 X
$157,903
9,773
8,631
$2,282,419
$2,203,305
100,099
103,579
v
directors
$256,92$
$149,271
$2,182,319
Sept.
share capital
per
Oct.
Like
7.
while
on
Feb.
1,
$2,099,726
to
the
the
96%
company
cents
per
E.
Calder,
Chairman
41st
annual
meeting'of
company's operations would show a balance for common
quarter of this year for the first time since 1941
estimated earnings
for 1947 might exceed preferred stock
the fourth
was
made
on
Aug.
1, last.— V.
164
Calder
II-A
presented
and
III
for
to
the
meeting the status of
conformance. with
the
Public
•Net
for
Earnings
♦After
of metal
share__—
per
•
_
v-
V;
32,261
1,479
1,515
»
829,572
329,854
33,997
2,346
t857,56S ;
x
90.000
85,000
205,000
230,006
$251,261
$244,854
$624,572
$627,566
$1.02
$0.99
$2.53
$2.5*
deducting depletion, Federal taxes on
depreciation but before
adjustments.
tlncludes approximately $80,006
premiums applicable to 1944 production.—V. 163, p. 2993.
and
income
year-end
Stores, Inc.—37 V2-Cent Div.—
quarterly dividend of 37 Va cents
and the usual quarterly dividend
the preferred stock, both payable Oct. 31 to
Federated Department
stock in
and that
dividend
The
per
of
Oct. 3 declared a
the new common stock
directors on
share on
$1.06'A per share on
holders of
record Oct. 21.
the two-for-one split-up
of the common shares in August*
this year paid the following dividends: Jan. 31 and
cents each; and July 3L, 75 cents.
*
' ■•' .
x>istributions made on the cdmmon stock during 1945 amounted to ft
Prior
Holding
Exchange Commission.
complete retirement-of
the company's preferred stocks and for disposition of the company's
Investments In public utilities in the United States, after which it win
Act filed with the^ Securities ^ and
plans provide, among other..-things,, for
-
income "i-t
Net
to
1946, the company
Company
These
,>""15,443
Fed. taxes on
income
stock.
603
341,261
income
Prov.
the company's
Utility
shipping prod- .*
produced by lessee
of
uct
in reporting
9, said the
the
15,229
produced
Tons
f
of the board of directors,
stockholders held on Oct.
of
mortgages of $72,000 and $800,00(1
bank loans.
Smelting Co.—Earnings1946—3 Mos.—1945
1946—6 Mos.—1945
xx/ y. x;.'-x
30—
concentrates
Period End. June
Tons
to holders of
Aug. 1, last,
share on the $6
paid $1.16 per
share on the $5 preferred
Philadelphia. Proceeds will be'used to redeem
sinking fund mortgage bonds, due Aug. 1, 1957, to
Inc.,
Federal Mining &
Co.—Declares Dividends—
company's earnings were improving and that the company was making
steady progress in conforming with the Holding Company Act.
He stated that on the basis of estimated income from present port¬
folio assets and assuming no reduction In preferred stock outstanding,
Mr.
4V-2%
off certain contracts and chattel
reduce principal on outstanding
to
distribution), both payable Nov. 1
were paid on May 1 and
1946,
Pa.—Registers With SEC.
on
pay
26
amounts
Co.,
&
$355 350
surp.
on
company
Stroud
common
and
member
Sept. 26 filed a registration statement with the
SEC
for 30,000
shares ($25 par) cumulative convertible preferred:
45 000
shares
($5 par)
common,
and an unspecified number of
common
shares to permit conversion of the preferred.
Underwriter,
The
1719.
p.
Corp.—New Director—
of New York, has been elected a
directors.—V. 163, p. 1425.
Rockefeller,
S.
Farquhar (A. B.) Co., York,
108,885
——
re¬
Electric Bond & Share
Plans
a dividend
(No. 2) of 17 cents per share
payable Nov. l to holders of record Oct. 15.
An
y. 555.
•
•
$169,965
57,059
$12,546
6,333
63
.
-——
—
1946—12 Mos.—1945
$1,357,143 $1,264,728
840,174
746,629
138,747
108,386
208,256
211,540
406,387
taxes
dividends
The
..
The directors have declared
on
$11,631
6,333
charges
of the board of
requirements by over $1,000,000.
x
accruals.
revenues...
Net income
$3,776,943
30,560
Reports Improvement in Earnings—
Inc., Memphis, Tenn.- -Registers With
VJ1!}? °" Sept- 27 flIed a registration statement with the
&
of.
2,973
$9,573
$7,057
4,574
Godfrey
$270,784
income
Curtis
'Oi
income—net-
oper.
Dr72,076
record
j 1,201,474
.J1^e. c
$3.10
—V, 164, p. 1207.
$2,049,811
AEC Tor
10,308
14,269
15,437
Balance
$3,849,020
3,095
"X
$30
41,490
49,441
V
1496 698
Dobbs Houses,
SEC—
10,927
Retire, reserve
declared the regular quarterly dividends
of $1.05 per share on the $6 preferred stock and 87'/2 cents per share
on
the $5 preferred stock
(such stocks having been modified as to
dividend rates and otherwise as of Nov. 23, 1945, in connection with a
--y0163, p:32S:—M.353,921
*
$3,591,184
41,208
$354,724
preferred stock and
.
*19,396
$267,689
X
$90,829
56,678
-
Dividends declared
$4,107,492
258,472
225,000
X'. x
_/
---IZ-IIIII"
-
$1,856,066
Co*-—Earnings—
$100,511
67,089
-
$3,740,580
198,853
-
450 000
_
^
.
$1,788,295
Nil
1946—Month—1945
Maintenance
Taxes
$308,897
profits tax
stock
-V.
$149,149
'
y 568*781
$1)
1946—12 Mos.—1945
141,199
110 709
withholding taxes_„_____
surplus
Earned
207 621
taxes____
(par
-Capital
other
and
of Assistant to
will work with
355,789
income
Balance
112 500
balances
and
excise
income
21,386
11,988
$2.98
"$357,364
——•
revenues'
Operating
Operation
38,100
*094. 4™
_
IILIIIIIIIII
credit
wages
-General,
Federal
.__
payable
taxes
Consolidated net profit
Interest
quirements —w-i—^-.>x
:
$3,353.92!
payable—trade
Dividends
Consumer's
54,287,418
$7,988,295 *27,456,066
6,200.000 25.600,000
Period End. Aug. 31—
3,428
income
Net
464,882
450,683
'
^
■U°ABrLmESAccounts
1946—9 Mos.—1945
$351,296
income
Excess
'
"1
•
43,062,012
3<u
tCr746.000
Federal
135,228
I~_ZZ
securities
Net
•
19,218.301
$7,976,306 $27,434,680
$8,028,093
3,920.600
Other Income
;
'
$i 049 440
_
Accounts and notes receivable (less reserve)
Material inventories (less reserve)
'
Net inc.
$0.45
1946
Cash in banks and
U. €.
$56,017
$1.34
SHEET
X
""
*$1,128,414
Municipal Acceptance Corp.. X25,050
$8,037,836
4,297,256
7,474
X'
Subs.)^-Earnings—
of Income—
-Balance
"
and the number
.1946
-.
1945
1944 ;
Slfl,nBQ«a7 851.038.319 88L722.09«
selling, admin, and
less misc. income-.
$639,068
330,170
costs
proposal to increase the %
Cr40,000
•
BALANCE
_
sales,
$358,770
Balance
_
?
(Del.) (& Subs.) —Earnings—
$714,559
revenues..
develp.
&
-X.
1
exps.
Net
revenues
oper.
Explor.
production
Ending June 30—
6 Months
of
a
capital stock to $500,000 from $400,000
100,000 from 80,000.—V. 161, p. 766.
'
Net sales
Cost
on
t$*ederal income tax carryback credit, less income taxes
subsidiaries.—V. 162, p. 878.
Official Appointed-^
1946—Month—1945
31—
21
•Loss.
$26,695
tax__
Operating
vote Oct.
will
to
shares
Non-oper,
169,626
income
income
stockholders
Fairbanks, Morse & Co. (&
•&«
To Increase Stock—
Excelsior Insurance Co» of N*
x
$4,190,584 $47,512,706 $38,501,996
appointed to the post
General Sales Manager.
He
Oper. rev. deductions
Profit
Provision
Infringement of three patents relating to ball-point
pens was filed in Chicago, 111., on Oct. 7 by Eversharp, Inc., Eberhard
Faber Corporation and Eterpen S. A., against the Holly Pen Corp. of
Chicago. ' ,XXX?,,':.X':X./ ;
.
X-Xfev-r
The plaintiffs seek to enjoin the Holly company from further manu¬
facture and sale of its pen, and ask damages.
The suit was filed In
If. 8. District Court, Northern Jpistrlct of Illinois.—V. 164, p. 1592.
suit charging
A
I
1592.
Suifc—
Eversharp, In&—Files New Patent
•
Earnings per share.....
Mr. Adams was formerly Western
Toastmaster Division of McGraw Electric Co.-—
of the
Period End. July
_____
340.
p.
Consolidated, net praflt
input® of any
periods.—V. 164,. p. 1718.
been
has
i® President of the road.—V. 156",
Pontlac, Mich.,
Crane,
George
9.4
Inc.—Sept. Sales Rose 28.6%—
$196,321
.
8,842
: -...v;"-:
;,
do not include the System
El Paso Natural Gas Co.
_
10.5
«5.6
2,825
Admin., sell., adv., service and gen.
extending from Westwood Ave., in Toledo,;-
for the right or way*
to Palmyra, Mich.
gen.
18,145
*3,134
X
X
94,401
the lease rental of some $18,000 a
Pet.
Vice-President.
Keller,
Manager
V. 164, p.
$193,496
•5
^year
Fall River Gas Works
and
Vice-President
the
:
the New York Central System.
York Central still pays
New
Michigan
absorbed by the Lake Shore &
which was later
Co.,
The
-
Adams
E.
Frederick
625,318
3,881
!.___
52,801
103,243
$5,387,638
Harold
$818,815
$690,436
13,965
_______—
income
RR.
Southern and finally
The
Amount
172,432
55,935
190,577
j.
RR.—Declares 6
Oct. 7 declared the usual 6%;
of capital stock, par $50,,
This company, which now doesn't have a single locomotive, a single
foot of track or a passenger is the first railroad built west of Schenec¬
tady, N. Y,» in 1835.
The road
was a horse
run between Port Lawrence, then Toledo,
and Adrian, Mich.
Later it was converted into a steam operated
In 1894 the road was leased in perpetuity to the Michigan & Southern
Increase
>x';
\
shares
.
•
1945
; 1946-1
.
1948—Month—1945 ;
Period End. Sept. 30—
Sales
1944
$2,483,279
1,792,843
3,546,499
Miscellaneous
•
Denver, Colo.—Files With SEC.
Sept.
on
100,000
directors on
The
of
•• <
—V, 164, p. 1592.
1945
company
for
Erie & Kalamazoo
x'
'
t
.
the outstanding $300,000
Oct 3, 1946 the System inputs of client
Ekco Products Co.—New
1946
*
Inc.—Weekly Input—•
Edison Bros. Stores,
Sales
;
" *—
"
.
NOTE—The. nbove figures
Corp.—Earnings—
July31—
$1,497,894
Fund—Registers With: SEC.
Light Corp._____
Electric Power &
.'
x
sales
Dost
$7,204,548
1946—2 Mos^-1945
$2,200,961
$1,970,165
$969,915
"*
1 1
$1,771,927
on Oct,
. filed
^registration statement with the
trust shares
($1 par).
Underwriters, Eaton &
Price, at. market.
Proceeds will be used for Investment.
f Former National Pwr. & lit. Co.w-
Corp.—-September Sales Increased 12.7%
$1,092,681
9 Months Ended
'■
Issue
26 filed a letter of notification with
of common and 300,000 investment units.
Offering price, $2.50 a common share and $100 an investment
Underwriters, The Millaw Co., Denver, Colo.
Proceeds will be
for organization and operation of business.
700,000
companies not_appearing in -both
—V. 164, px 1591.
Divco
$1,654,547
157,865 /156,652
vV'.
6,080,532
-
$1,449,289
205,258
$1,697,424
232,368
electric sharpeners.
and to manufacture
-•<
Empire Petroleum Co.,
The
'
company
for
Operating Subsidiaries of—
American Power & Light Co._
3I3„012
6,065,689
.
-
________
.
t
-
operating
companies of Ebasco Services Inc., which are subsidiaries of American'
Power
& Light Co.,
Electric Power 8c Light Corp. and of former
National Power & Light Co., as compared with the corresponding week
during 1945 were as follows (in thousands of kilowatt-hours):
-
XPeriod End. Sept 30—'-
—
-
-
For the week ended
x!
'
$1,449,289 '
$1,697,424
rent
authorized
$14,752,010 $12,972,069
—1,
Diana Stores
21,897
capital
facilities
B
to
$1,929,792
—V, 162, p. 2640.
4,295,000 -i 3,525,000
_
164, p. 1206.
1
Eaton & Howard Balanced
^.•-•.■fDecreasei-'. .r.';Met income
-W.
25,050*
—
—V. 164, p. 1718.
x $15,305,559 $13,285,080'
income
from
'x
>
77,652'
.
$1,471,186
-
—
Howard, Inc..
___
__
operations,.:
1
a
corporate income
'Deductions
77,652
J
2,035,322
& 564,834
* 638,189.
67,518,919
;
j?;.) -usr.x:
from
rather' income.^
tDross
taxes.
.
$1,722,475
——,
-
Earnings of subs, (as above)
Non-subsidiary income '
Ebasco Services
surtax..^-—.
profits tax__
excess
•
Tncome
income
than
and
tax
"J--.——-.——
Total
1946
1945
$86,565,930 $85,399,938
'retire: deprec. res.,-, prov. for'accelerated tie- •'
jpreciation & for postwar adjusts.,
accruals
.
•
-
xdExpenses, :taxes and interest —-—--iV'- axS V-'*
7
} C; 5, }
Balance available for divs. and surplus
;
_
utility operations
:
Dper. & maintenance chgs., current appros. to
;
19,003
$1,548,838
Utilities Associates—1
The
3L2 Mos. Ended Aug. 31—
earnings
20,989
$1,800,127
•
.
E, Co.
Applicable to E.-U. A
Eastern
SEC
-dross
424,685
35,904
Applicable to minority interest
Subs.)-—Earnings—
*
G. &
Balance
.
Detroit Edison Co. {&
&
$2,007,427
439,585
on
shares
1,000
underwritten.
not
$2,737,357
>
729,930
741,758
• x
-•
249,038
"
incomeJ__.
$237,456
61,879
—
income
B. V.
75,509'
2,077,105 " 2,207,116
422,022
407,044
572,870 ' - 549,422
2,100,519
1,834,510
L
$140,862
Preferred dividend deductions:
•
'
*
railway
$930,268 $12,405,809 $11,750,237
548,512
7,319,200
6,856,794
77,384
573,209
639,820
1,869,306
Philadelphia—Files With SEC.
Sept. 25 filed a letter of notification with the
of class A capital stock and 6,000 shares of
stock.
Offering price, $5 a unit.
Proceeds will be
company
for
used
?
1946—12 Mos.—1945
118,598
"Balance
,1943
$281,733
77,807
.
company
Electro-Sharprite, Inc.,
$214,314
61,800
>
1944
$327,477
96,801"
112,263
1945
$294,785
43,769
38,152
1946
.
from
stSrcws
'!
v,
.
$208,073
29,383
revs.--
accruals
reserve
Interest
Ry«—Earnings—
Denver & Salt Lake
-August—
••
4
the
The
Miscellaneous; deducs.—
"
•
»
39,889
156,592
,
selling- 150,000
,
'
''
$6.27
(& Subs.)—Earnings—
$1,03G,515
631,960
taxes)
inc.
Balance
Company anticipates exenditures of $300,000 in 1946
.and
$300,000 in 1947 for equiping and absorbing costs of starting
.operations of four plants,
two
of which • already have been con¬
tacted for.
The balance will be added to-working capital.
Names of
*
$2,345,553
$10.10
$2,644,092 $2,419,112
343,467 x
318,245
porate purpose.
.
$3,779,046
dividends
on
1946—Month—1945'
31—
revenues—_
operating
Retjre.
150,000 shares are being sold by Ap'ponaug Manufacturing
iCo., Inc., principal stockholder.
Estimated net proceeds to company
jof $1,007,913 will be added to general funds to be applied for cor¬
^underwriters by amendment.
1,108,729
$185,773
28,540
Net
•
remaining
•
$3,454,282
SEC
Non-operating inc.—r.et
'
The offering price will
shares and the
common.
is
that a dividend to Bond and
this year.
XX:X,x^Xqx-:;x v
while figures of estimated financial results
tentative they were indicative of the company's
that
financial condition.
Mr. Calder stressed the urgency witli
was seeking to complete its program of compliance
Act and expressed optimism as to its futur®
prospects.—V. 164, p. 1719..
' "
SEC
statement with the
registration
a
par)
company
of
which
1,108,729
preferred stock
-
(incl.
Taxes
Gross
company
for
$8
explained
necessity,
was
improving
1207.
Maintenance—-—-
pre¬
Miss.—Registers
Jackson,
Inc.,
Co.,
taxes
state
share of 6%
p.
Operation
With SEC—
SEC
be'fore
per
164,
month,
Chenille
It
were,
2,223,313
$4,887,775
-
pref. stk__
Eastern Utilities Associates
by 1,924 passengers. During. September
121,815,677 revenue passenger miles were flown as compared with
J20,656,900 revenue passenger miles during August. - •
During September Delta transported 275,000 pounds of air freight.
SThe freight service was inaugurated Aug. 15.—V. 164, p. 825.
Delta
:
prior
41/2%
on
Period End. Aug.
.
August
exceeded
September
for
totals
largest
the
its business
Holding Company Act of 1935 and added
Share might be paid by Ebasco Services
class
Record—
corporation
viously
1
income
require,
Balance
tavern-lounge cars.
transported the largest number of passengers in
ito
history
during September,
Laigh C. Parker, Vice-President of
traffic, has announced. During the month 54,031 revenue passengers
were
4,237,690
5,381,769
1,597,665
3,947,620
1,812,384
,
rapidly expanding
was
gross
,
Div.
164, p. 1718.
Inc.—Sets New Monthly
Delta Air Lines,
-This
Fed. inc. taxes—
total
a
with the Holding Company
locomotives, 500 50-ton steel hopper cars,
steam
steel sleeping cars, two dining cars and two
equipment is estimated to cost $5,371,618.—V.
nine
:
——.
has
and public utility clients.
He said that
business of approximately $6,745,000 for the year 3
ended Sept. 30, 1946, 30%, or $2,037,000, was with non-associates and
hence at a profit.
Profits currently being earned by Ebasco on this
business are running at the rate of over $400,000 per year and are
increasing.
He explained that service business done by Ebasco witli ;
associate operating companies is on a cost basis as required by the
of
1946
1945
$12,245,445 $15,297,054
1
SEC
The
Act.
non-associate' industrial
with
profs, taxes & spec. chgs.
exc.
equal to unusual reducs. in
to
up
&
Depreciation and depletion
Interest and debt discount
12 noon (EST) Oct. 22 for the
sale of $5,370,000 equipment trust certificates.
The company has applied to the SEC for authority to issue $4,250,000
^■of series D eq lipment trust certificates.
Proceeds from the sale of the
(certificates would be used to defray 80%
of the cost of six Diesel
bids
receive
will
inc.
for
the
of
requirements
subsidiary,
service
owned
wholly
Associates—Earnings—
31—
Ended Aug.
Months
Total consolidated
m
Prov.
Company
Ind., from
Anaconda
not announced.
the purchase covered a group of
buidings centering around lead refining operations. It provides facil¬
ities for the manufacture of zinc oxides and electrolytic process for
making white lead,
Warehouse facilities also are available on the
38-acre tract, he reported.—V. 162, p. 2816.
The
of
financing
^properties,
East Chicago,
subsidiary of
the
approved Plan II-A which provides for retirement of the remainder ol
the company's preferred stocks and the plan is now before the Court
for approval and enforcement.
Stockholders
were
told that Ebasco Services Inc., the company's V
Copper Mining Co.
Tbe price was
J.
M.
Bowiby,
President, said
England Gas & Electric Association.
company also seeks approval of a $125,000 15-year note issue
:io bear interest at not exceeding 4%.'-Proceeds would be applied to
iftxiYfances
has purchased a plant in
Smelting & Refining Co„„ a
company
International
'jM
from
exemption
seek
Indiana Plant—
Eagle-richer Co.—Acquires
Co.—Plans New Financing
The
company, has
petitioned
the
Massachusetts Department of
Public Utilities for approval of the sale at par of 6,000 shares of
E25 ,par common stock, with the proceeds to be applied in payment
-°f .*150,000
of
floating indebtedness, represented by open account
Dedham & Hyde Park Gas
'
Aprii
30, 37%
tnt.ni
nf
£1.50 uer
share.—V. 164, p. 1207.
jVolume 164
y * Felt
Number 4533
General
& Tarrant Mfg. Co., Chicago—Proposed Merger—
stockholders
■The
THE COMMERCIAL & FINANCIAL CHRONICLE
^
Oct.
on
voted
4
to
approve
proposal
a
has
[Including wholly owned subsidiary,
;
The
•
Felt
to
the
plan
of
800,000
of
increased
be
shares,
shares,
25,000
from
stock
$100
Empl.
be
$5.
1946
retirement
gen.
1945
1944
$2,768,102
$2,576,489
sales)—,___■
on
1,209,618
1,186,035
plan expense—-.--67,052
(net)
;
i'
10,842
expense
1,174,369
,
64,121 "H
'
Profit
sale of
on
and
secur.
10-for-one
Co.'s
basis
Tarrant.
•
shares,
50,000 -common
^^X'
six months ended
For the
of the
into
v.-vv^^■1
June
30,
Felt
of
$5,
par
;•;
Provision
and
••-
—
9,056
129
1946,"
$1,508,860
shares
12,733
488
$1,401,991
22,532
$1,101,137
420,000
$1,509,348
V 850,000
$1,424,524
prop—
chare
companies
the
on
1946, combined sales and revenue
share
on
Earned surp.
indicate
does not
Dividends
such
With SEC—
The
EEC
lor
for
will
in
shares
be
to
common
for
to
used
the
are
;
867,420
subscription
tlonal
field
each
one
increase
of
capital
development
U.
company
so
may
reorganization
S,
become
1946—6 Mos.—1945
Accrd.
(net)
$2,663,189
1,143,916
7%
taxes
$1,656,073
stk.
$0.91
Federal
income
160,000
160,000
$l,496i073
\ $1.49
$0.91
.
taxes
resulting
from
The
fills
revenues
$75,704
$75,566
$1,434,707
$1,43
60,698
52,607
Other
Ret'.rents
tax
4,211
8,830
income
$6,795
2,158
$13,129
$83,316
$4,637
$11,745
19,400
19,512
oper.
■
Net, ry.
8,000
17,516
27,813
4,000
Income
oper.
.
income
"Totalincome------Miscell.
deductions
;
Income aft, fix, chgs.
Contingent interest on
iunded debt
-
spite
of
structures
—v.
164,
p.
21,399
9,986
11,994
$25,963
$17,755
$59,538
:
2,259
15,818
15,818
$43,720
$88,159
3,313
3,271
.
in
war
somewhat
in
Gross
from
railwayNet from railway—,—
Net ry. oper. income.
22,890
Net
21,193
Net
$1,353,893
364,171
644,085
period, as
10,000 units
Seriousness
7,927,462
from
railwayrailway
oper, Income.
in
the
of
ry.
is
a
389,314
in
for
11,061,936
4,668,851
2,119,689
9,900,452
4,965,850
2,528,900
Corp.—September Sales Rose 0.3%—
the week,
shortages.'
tabulation.
United
figures
million
a
States
for
of
Period End. Sept.30—
—V.
1946—Month—1945
$1,914,144
164,
p.
1593.
,
/
$5,681,496
The
750
company
Sept.
on
25
week
earlier,
suppliers not
a
letter
of
notification
passenger
with
for
2,000
shares
($100
par)
5%
cumulative
preferred
($100 par) common.
Offering price, $100 a unit.
will be used for payment of construction of new
plant,
chases of
capital.
new
42
these
of
struck
are no
Following is
Total
v/hich
•
has
The
Sills, Chairman of the board of Sills,
been elected a director.—V. 163, p. 1426.
Assets
corporation
the
and
Pro¬
pur¬
Minton
&
Administration the modern
it
wire
has
in
price
in
was
the
Corp.
1947.
automobiles during Sep¬
its
biggest monthly
23,272
daily
for
Buick
month
March,
was
1941,
when
forCe, largest of peacetime record,
Curtice
said.-
■
•
(N. Y.)—Enters Into New Con¬
Coast
entered
Into
an
with
agreement
Celotex
distribution
of
General
Panel
houses, it was
E. Swenson, Assistant to the President
Oct. 8 by George
same
General
time,
Mr.
Swenson's
to
election
the
Panel
liaison
General
Corp. of New York was
President of General Panel Corp.
between
Panel
Celotex
distributors
six
in
board
of
directors
announced
by Konrad
Mr. Swenson will serve
western
Corp. of California, manufacturers of
states
and
the revolutionary
panel house.
The announcement further added:
"Under
license
from
Pacific
week
receipt
Expeditor.
houses
Corp.
launched
upon
Coast
Housing
Panel
General
corporation last
the
National
for
Coast
New
letter
a
Production
West
of
$22,000,000
a
of
York,
program
intent
schedule
distribution
from
calls
alone
Cali¬
the
building
of
for
the
10,000
during
1947,
,y:\':■-
unique two-bedroom house, dubbed B-16 by the government, is
of interchangeable insulated plywood panels.
Con¬
structed and
erected, ready for occupancy, the house will sell for
composed entirely
'
•
y
1
General Public Utilities
■/
were
United
week
totals
reported closed
because
year
to
date
are
In
of
addition
the
four
Week End.
Jan. 1 to
*
Truck
'Fontiac-
10,065
-
i—*
—.
Buick—,
Cadillac
of
8,095
216,380
179,287
4,748
75,433
865
—.
Coach
&
Trucks—*
.
'
873
-
942
The
Public
Utilities
shares
of
392
lesser
53
'
Sept. '46
-
Passenger
—
—
,
17,228
14,861
12,903
23,272
20,098
Oldsmobile
Buick
i
-
_y.r,■■
Truck & Coach
Trucks—
—
G.M.
of
3 374
276
Canada
>
276
3,756
-i'-V- ;'T'-'x.
and
wagons
and
the
said,
to
the
station
wagon
the luxurious Fleetmaster line
sedan
and
common
stock
for
the
account
of
customers
stock, before Oct. 1C, 1946, as to the particular denom¬
which they wish to receive the full share certificates and
certificates for this dividend.—V. 164, p. 1720.
in
scrip
General Tire & Rubber Co. (&
6 Mos. End.
Net
4;.
sales,
and
May 31—
&
excise
taxes^
1944
.
1943
■
,
$48,071,662 $44,189,566 $33,367,327 $25,296,563
sold, sell.,
and
-
adminis.
.
v
»
"•
4,
..
"■
40,675,080
Profit
income
Depreciation -———.
for contingencies-
29,108,322
20,821,288
$7,396,582
549,448
oper.__
39,336,731
$4,852,835
$4,259,005
590,758
724,740
$4,475,275
247,233
$7,946,030
from
income
Total
Subs.)—Earnings—
' 1945
'
expenses
Other
1946
allowances
Cost of goods
general
¥
discts.,
less
returns
$5,443,593
$4,983,745
$4,722,508
830,720
385,353
340,272
,
Prov.
Miscellaneous
581,012
1,000,000.:
charges
250,000
76,188
101,072
3,051,000.
3,300,000
3,300,000
3,150,000
$3,237,831
$1,211,801
$1,209,560
$962,264
$5.19
$1.77
$2.02
Federal taxes on income
Net profit
Earns.; per sh. on
mon stock '4.——
88,831*
19,971
com*
$1.70
163, p. 3285.
■
,
''"'v
' '•
'»
'•
'•
•
} ''\fT":,
.
•
'
f',\' <''
•*'».*•'
'
" •' *
'•./
Georgia & Florida RR.—Operating Revenuesperiod—
10 Days End. Sept. 30
'
1946
Operating
1940
$46,718
Statesboro
Northern
Railway operating rev.
Railway operating exps.
$1,613,345
j
Ry.)
> 1946—Month—1945
.
1945
$1,796,728
RECEIVERS ACCOUNTS COMBINED
(Including
Period End. Aug. 31—
Jan. 1 to Sept. 30
1945
$51,975
revenues
CORPORATE AND
1946—8 Mos.—1945
^ $269,538
$114,404
$1,631,478
$1,461,827
220,658
113,768
1,460,503
1,268,969
$48,883
$636
;Y.;'
railway
operations
Railway tax accruals—
Regular
145,199
V
$192,858
4,9511
4,108
Railroad
Act
$170,975
5,374
2,308
29,482
3,522
2,131
25,271
22,319
$35,879
•$8,754
$73,230
$106,752
70,949
■
Taxing
1937
42,992
.
39,608
24,179
Fed. Railroad Unemply.
Insur.
are
now
being manufactured by
into production of its complete line
Fleetmaster and Stylemaster
cars,
T. H. Keating,
Manager of the Chevrolet Motor Division, announced.
addition
Utilities
Act
of
1938
: Y;
cabriolets
company
of
In
split full share certificates into scrip
certificates into
scrip certificates of
value common
Fed.
137,802
brokers
$7.50 par
interests
fractional
this
As
,
Canada
bringing
Public
Net rev. from
4,883
5,131
—
to
scrip
and
Gas Co.
&
for
3 3R7
.•
2,846
;
able
split
banks
advised
Electric
stock is being distributed on Nov. 15,
dividend to holders of record of General Public Utilities
stock as of Oct. 7, 1946, banks and brokers who hold
a
inations
34,993
—
has
certificates
common
50,066
30,139
:.vV
14,214
—
as
Aug. '48
41,322
—
Cadillac
690,487
be
to
scrip
notify Guaranty Trust Co. of New York, transfer agent of
scrip agent for the South Carolina Electric & Gas Co. $7.50 par
the
18,380
1,546
32,803
not
or
Corp.
South Carolina
or
should
and
31,177
-
stock,
denominations.
1946,
Corp.
—V.
34,276
of—
will
certificates
y
979
'
common
therein,
16,117
>
.
South Carolina Electric & Gas Co.—Scrip
on
General
value
62,484
89,683
'
22
-
Total U. S. and Canada--—....
Chevrolet
3,694
6,177
1,065
—
Canada
Month
7,792
7,058
4,531
4,035
5,693
—
,
_
Ruling
Pittsburgh
figures for car and truck
Week End.
electric output of this
company for the week
ended Oct. 4,
amounted to 134,996,135 kwh., an increase of 14,554,103 kwh.,
over the corresponding week of 1945.-;
;
Certificates—
for
in
Corp.—Weekly Output—
12.1%,
ay; week
production
car
States.
The
1946,
or
sup¬
pro¬
the
shown by
this
States
and
now
the
General
Sales
Railway oper. inc
Equip, rents (net Dr)
a
Mr. Keating
sport sedan, town
five-passenger coupe.
of vehicles i* the Stylemaster
line—lowest-price bracket
a
five-passenger sport sedan, five-passenger
town sedan, five-passenger
coupe, two-passenger business coupe and
a
sedan delivery car.
a
facil.
Jt.
cabriolet,
includes
Chevrolet is also
purchased
and cable
producing the Fleetline Aerosedan,—V. 164,
Net ry.
2,820
•$26,771
2,652
$19,439
•$24,119
Non-operating income.
91,454
:
2,028
$16,619
v :
15,988
1,940
income.
oper.
17,320
(netDr)
rents
Gross
p.
Deducs.
Surp.
1720.
income
from
income—
applic.
to
int.-
15,943
16,033
♦$34,167
10,637
$19,770
from
&
the
War
The
stockholders
Increase
to
in
the
at
a
special
authorized
Co.,
meeting held
capital stock
from
Franklin,
-•$23,530 '
$29,167
9,397
because
to
Oct.
approved an
20,000 shares, $10 par,
on
4
100,000 shares, $2 par.
for each
Oct.
share
now
Distribution of five new shares in exchange
outstanding will be made to stockholders of record
15.
J. French
6:00
p.m.
1945
were
from
6:00
1945,
increased
month
extremely
low
Aug.
7th
a.m.
Aug. 24th account of strike of train service employees.
also
final
Miller, President, said the director? probably will meet for
revenues
for August
discontinuance of train service
August,
to
1,618
$27,549
■
of
The increase in operating expenses August,
same
1,715
•$25,245
•$24,310
NOTES—Operating
Pa.—
■
191
193
$19,246
-
•Loss.
Manifold
Printing
Split-Up of Shares Authorized—
plant .and equipment
St. Louis, Mo., which it operated
during the war.
The
reported to be less than $2,000,000.
The company also announced the sale of Its
Pawtucket, R. I., prop¬
erty to the International Wire & Cable Corp.—V. 164, p. 277.
situated
Mr.
corporation has
Wachsmann,
99,410.
United
the
in
Chevrolet—.Passenger——
Co.,
Corp.—Buys Plant from WAA—
that
record
classifications,
West
Celotex
General
thinned
curtailment
passenger
tabulation of production
a
General
announces
1,
cars
Production
H.
General Cable
amount
$18,500 of
Corp.
ful¬
'
station
(The) Gabriel Co.—New Director—
Inc.,
to
reported
1944.
The
31,
outstanding at the close of last
H.
Buiek's
Panel
above
for
At
of
of Chevrolet cars—includes
William
assets,
increase
on
the
,
Chevrolet
,V.
underwriters*.
to
announced
com¬
divisions:
Total U. S.
machinery, payment of notes and for additional working
There
first
corporation
cars
$5,523,448
shares
ceeds
21, 1907,
franchises a<nd
Curtice,
General Manager of
General Motors, announced on Oct. 2.
of
war,
unskilled
The
Chevrolet Division Adds to Line of Cars-
•
capital
90,390
tract—
strike.
power
'
filed
the
Dec.
July
according to Swenson.
comparable 1941 period—460,097 as
1,481,071.
There was a slight increase in number of supplier strikes
affecting
General Motors, 60 in the United States and Canada as
against 58 a
1946—3 Mos.—1945
$1,908,068
Fullerton (Pa.) Textiles, Inc.—Files With SEC—
SEC
unit
and
this
after forced
f-1. >■ •materials was
was
the
under
4«;v:
Sales
costs
May
1945; were
at
produced
that holders of
.■
"' • *
desk-like
sources,
Coaches
v
the
General
against
GMC
Stores
there
Co.,
31,
1,200
H.
war,
four-room
previous
shortages in
car
the
car
than
Pontiao
164, p. 1207. o
Franklin
the
8,684,626
instruments
materials
raw
number
the
steel
the
passenger
Passenger
more
$1,431,618
751,227
276,754
11,140,017
3,318,032
1,573,755
1,237,052
558,175
be
were
on
Division
nearly
1,000,000
September which fell short of the August figures by nearly 2,60(1 units
1943
658,532
,
and
3,899,658
1,000,000
9,028,393
week, production totaling 25,189
States, the third highest weekly total of the post¬
against 23,284 the week before. Chevrolet climbed back
above
G.M.
1—
Jan.
from
—V.
4 1944'2
$1,572,969
■
1945.
during
September. New hirings last month
total 'employment
to 22,038,
of whom
19,520 are hourlypersonnel. Buick requires an additional 2,000 workers In skilled
for
United
Truck
From
Gross
^•'■-1945"
$1,048,424
165,145
69,421
__
of
outside
Coaches
1946.
In
brought
rated
to
greater
than
5
the
GMC Truck
August—•
which
paid
were
Motor
Dec.
$418,480
bonds
President
continued
5,000,000
Y., plant.
from
Oldsmobile
Fort Worth & Denver City Ry.—Earnings—
;r
15,
labor
June
on
reached 38,913 units.
Mr.; .Curtice said Buiek's working
.
5,298,410
3,899,658
Instrument
shortages
parts
earlier because of
Y
and
&
equip.)
1207.
N.
device
a
continued
of
a
$103,977
$89,627
$23,702
2,260
$15,495
paid
production
5,000,000
Oct. 5, '46 Sept. 28, '46 Oct. 5, '46
Net income
(way
$109,380
20,103
*
Depreciation
13,747
3,853
•
will
at present.
in Pennsylvania
Manifold
at
as
against
6%
since
Vice
5,298,410
Electron Diffraction
more
Diffraction
finished
September
1,441
4,886
1,396
General
averaging
fornia
9,243,372
-
since
increase
of
dividend
has
Although volume still is restricted by continuing shortages of parts
and materials
and other factors, Buick
exceeded its August output
by 3,174 units, or nearly 16%. September production raised Buiek's
total 1946 output for domestic and
export, users to 88,037 cars.
500,000
1,000,000
...
15
for
Oct.
$123,127
$130,779
14,808
$31,257 U
$24,037
Fixed charges
42,000
24,948
.
68,162
21,465
-
Other
j
15,154
1,384
of
need
a
cars
$190,075
$128,645
acdruals
tax
Ry.
Railway
$22,959
Buick
5,000,000
■
Electron
ended
$554,013
363,938
403,012
$15,006
and
468,000
200,000
General Motors Corp.—Car Production Higher—
sale
on
$531,657
expenses
income
780,000
study surfaces. Conventional x-ray and
electron microscopic equipment penetrate substances but
provide little
information
on
surfaces, the company's
statement
said.—V.
164,
p. 1594.
1946—7 Mos.—1945
oper.
The
tember,
5,298,410
:
the units at its Syracuse,
loss
oper.
Federal
635,342
1,804,002
936,000
par.)__
no
completed,
18,078
incorporated
assets
as
matured and
year
'•1!
as
'
*
611,782
1,497,155
$29,419,958 $30,652,636 $31,752,080
? Production
In
1946—Month—1945
from ry. oper.
139,808
560,208
1,167,034
stock
been
against
the
current
3,899,658
shrs.
surplus
duced
rev.
422,234
>
has
was
to
$458,965,
$3,900,000
mercially available unit of a type now being used to make practical
a
study of quartz crystals and metal surfaces in the oil, steel, rollerbearing., chemical and other industries was announced by this com¬
pany late in September.
Following successful operation of the instrument at universities
and industries concerns for the past
year, the Specialty Division of
the
company's Electronics Department
said
it
would manufacture
Fonda Johnstown & Gloversville RR.—Earnings—
Period End. July 31—
$2,950,000
132,205
;
—
middle
of
items,
$4,500."—V. 163, p. .779.
plies
Ret
93,671
255,033
—
preferred
shares
substantial
the
rate
company
held.
Net
to
244,561
200,000
reserve
reserve
cumulative
old
the
The
General Electric Co.—Produces New Units—
$1,594,707
$910,116
$915,017
stk—
'1
2,154,492
61,142
—V. 163, p. 1284.
$2,723,289
1,128,582
$990,115
80,000
company
successor
•
135,698
income
on
—
<ot property.—V. 164, p, 1593.
Railway
Railway
,
479,578
«
taxes
—,
$1,594,707
80,000
—
in
<
273,373
,
$1,500,000
etc.
comm.,
the
on
experienced
about
that
1
-
,
2,191,349
45,576
279,193
trade
(472,982
Capital surplus
Special capital
stock
com.
1
2,114,998
other than .inc. taxes,
for est.
Com.
$2,513,733
209,556
$1,519,273
136,800
136,800
—
23,324,849
179,754
131,754
L'-
:
*
:
■
added
said.
split
of
———
shares
new
He
determined.
"The
$990,115
$858,217
$995,017
•Reduction
202,241
569,346
dividend requirements
Balance
$2,460,948
$1,559,461
-
Per share of
i
31,253
2,159,569
.
$29,419,958 $30,652,636 $31,752,080
salaries, wages,
Insurance
7,171,883
608,545
—;
preferred
2,560,778
22,559,429
$9,685,616
$1,466,762
deductions
•Special credit
1
-2,306,086
Total
7,578,451
$1,329,141 $1,401,466
137,621; • 157,995
Gross-income
JPresent
1,050,000
23,257,502
Contingencies
.
Balance
100,000
•
etc.; accruals
Prov.
1946—12 Mos.—1945
■
3,624,483
3,978,022
Operating income
__
:
_
—
Accrued
$5,025,949 $10,039,399
$5,307,163
rev.—electric
Net income
1944
$1,495,183
2,100,000
#:■■■
—
15.
been
of which were sold at receiver's sale on April 20, 1907.
In
1933, it changed the par value of its capital stock from $50 to $10
per share, issuing one $10 share in exchange for each $50 par share
Corp.
Its plant,
pper. rev. deduc. elec~
Income
securities
receivable
Total
steadily losing
a
This
Before
'K
1945
$1,824,810
cigar machines
Deferred charges to operation-
makes cotton duck for
Period End. June 30—
other income
$78,000 in 1946;
1946
Government
Earned
Oper.
$0.65
Cost of license to use
Florida Power Corp. (& Subs.)—Earnings—
.
$0.69
LIABILITIES—
to liquidate.
spindles,
$8,684,626
$1,285,349
Notes payable
Accounts payable,
proposition, this company
which has 44 broad looms and 2,600
tenting and a special type of
cotton felt which Js resin impregnated for use as soles.
It will close
when present orders are completed within two
months.
Looms for
weaving the special felt will be shipped to the Brandon Corp. plant
at Greenville, S. C.
It is reported that several firms are interested
in
taking over the Fitchburg plant.
("American Wool and Cotton
Reporter.")
has
it
has voted
twister
the
outstanding
output
$9,028,393
Goodwill, trdmks., pat. rights, etc..
Land, buildings, machinery, equipment, etc. (net)
expand operations
financing.
There
Fitchburg (Mass.) Duck Mills—To Liquidate—
Because
-
175,000
236,491
,
$1.07
u-__—^
Sundry assets
underwriters.
no
$9,096,117
175,000
236,491
$9,243,372
Inventories
City—Registers
a
and
at end
ASSETS—
Cash
registration statement with the
common.
Stock will be offered
stockholders on the basis of four addi-^
share
held
at
$3
a
share.
Proceeds
Sept. 27 filed
shares ($25 par)
on
8,612,594
CONSOLIDATED BALANCE SHEET, JUNE 30
be paid.
Jersey
Inc.,
$483,523
-
$9,439,884
236,491
provision for depreciation and amortization,
$94,277 in 1945, and $105,325 in 1944.
•
company
stocks—,
of periodper common, share
;
Accounts
Management,
156,000
8,936,536
•After
,
Fiduciary
common
surplus
Earnings
says
dividend will necessarily
a
on
Earned
intends to
company
8,973,726
at beginning of period
$503,348
—
apply for listing of its common shares on
the New York Stock Exchange.—V. 164, p. 1592.
■
"
•
' '
'-The
156,000
$681,137
: Total surplus
___—$9,654,863
Dividends on preferred stock
175,000
1946 were equal to 45
statement filed with the SEC
yf
785,000
Miller
Mr.
first mortgage
the President of
Felt and Tarrant intends to recommend to the directors that an initial
quarterly dividend of 25 cents a share be paid in December, 1946, on
the outstanding common shares. . The statement explains that this
The registration
contingencies-
outstanding.
be
during the first six months of
the same basis.
Dividends paid
cents a
to
;
Profit for period
were
shares
common
income
the
on
not
goodwill
.
then
;.v
$3,804,674 and net income $702,050.
That
was equal
to $1.32 a share on the 531,060 common shares to be out¬
standing under the plan.
For the year ended Dec. 31, 1945, sales and
revenue
were
$6,091,953 and net income $713,502, equal to $1.34 a
two
for
taxes
has
it is anticipated that net results for the
current year will compare favorably with last year's
$81,671, primarily
by reason of the fact that no excess profits tax Is applicable for
as
Total profit
for estd.
Provis.
dividend
a
stock
y / "Although we have
and almost all other
$1,088,404
—i
of
for payment Dec.
new
When
Balance
Under
par
Comptometer
the
on
quarterly dividends of 20 cents
expenses
converted
shares,
and
cash discts.
Interest
of
of Cuba, Ltd.J
par,
on a 20-for-one basis into 481,060 common
the plan, the 5,000 outstanding shares of
capital stock, $100 par, would be converted on a
outstanding,
admin,
(incl.
Cigar Co.
$2,375,916
profit
Selling,
It also provides that the 24,053
stock, $100 par, which are now
$5.
capital
par
Tarrant
Felt, and
authorized capital
that the
provides
will
common
•Gross
in
merger
Tarrant
General
Six Months to June 30—
sales,
machines
and
shares
into this
and
handled
consideration
November,
to
company the Comptometer Co.
The latter
rental and servicing of Pelt and Tarrant's
the United States.
It was originally a sub¬
sidiary of Felt and Tarrant, but in 1940 the parent company distributed
the stock of Comptometer us a dividend to its stockholders.
with
Jherge
calculating
Cigar Co., Inc.—Semi-Annual Report—
1869
was
last
settlement
of
due
labor
year.
principally
and
to
material
personal
injury
on
expenses
claim
July
above mentioned strike;
as
compared with the
includes $11,200 in
in connection with accident
the
costs
Transportation
involving trains Nos. 4 and 58
1946, as compared with
19,
1944.—V.
164, p.
1594.
;
THE COMMERCIAL & FINANCIAL CHRONICLE
1870
special reserves of $59,898,759 In 1945 and $71,276,231 in 1946. ^In¬
cludes excess profits taxes and renegotiation of war contract prices,
after deducting U. 8. Treasury savings notes of $65,411,458 in 1945
Georgia Power Co.—EarningsGross
?
expenses
2,375,437
426,750
of plant
adjustments
5,026,000
165,500
339,163
202,800
778,262
2,135,202
3,771,544
taxes.
Fed, inc. &
taxes
5,408,321
in
—
—-
income
Gross
•3,630,159
stock..,—
pfd.
on
Balance
—V.
223,005
$2,213,445
Division
1721.
p.
Stores
tribution
Earnings—
Georgia RR.
(
,
August—
'
railway—
from
Net ry.
1943
$867,478
260,524
312,112
6,576,098
1,762,093
6,957,596
2,405,074
7,218,594
1,482,990
2,105,838
2,804,138
$866,400
281,029
235,195
'
*"6,757
*
*46,076
oper. income—
,
;
>
359,740
From Jan. 1—
5,16^258
railwaV———
from
Net
railways—-
.305,510
from
Gross
48,733
Net ry. oper.. income—
♦Deficit.—V;. 164, p. 1208,
•
...
3,196,052
The
*
•
.
'
.
•*.'•
Privately—
v
"
1
;
■
Milwaukee.
j
With SEC—
The
•
company
Oct.
on
shares
300,006
for
SEC
'
■
,
filed
2
($1
par)
40
Price,
Toronto.
Co.,
,
Dividend No,, 2—
lihe
common
'
a
payable- Nov.
stock,
income—
oper,
rv.
—V.
JUNE
railway
income—
oper.
164,
June,30^-Y
Subs.)-^-Earnings—
vote
on "a
'
■
1
*
income ———i—12;470,390
Total
40,569,495
1—_**_L_
of loss charged to
y
'
5,621,544
33,254,804
-
-■
.If
1946-rMonth—1945
on
on
•;
<
J Earned' surplus
\
1,030,4)77
1,962,480
38,876,348
at June
30™—
^includes provisions for
excess
profits tax
renegotiation,
of treasury
stock.
common
T
-
\
.
^
*■
CONSOLIDATED BALANCE SHEET,
'
•
,
-ASSETS—
feash
.
•
y'V,
Y;- »Y
D.
Treasury, savings
S.
Marketable
,"
-
i946
,
*
'
"
notes—18,580,118
securities;
to
^0.—Plans Stock' Splits-
adopted;
if
additional
adoption
in
will
the
treasury.
•;
*
.
.
Operating
Prov.
Y
•'
(1944
includes
for
N., Y.
Ifederap—
;t—--s-—4
335,815.
•
4,
656,265
—
553',219/
'
•
1
——
•t.'Y
on
Amort,
uiebt
Net
602,417
Divs.
Accounts payable
Accrued
liabilities
'/'''
—
—
23,614,402
3,193,092
tProv. for Federal and foreign income
taxes-—
384,515
contracts and re¬
liabilities, per contra—*
9,691
2%% first mortgage bonds, series due 1965
* 35,000,000
4V*% and 3% first mtge. bonds, series due 1956
Reserve for contingencies, 'ebb;
16,0i0,121
Reserve for pensions
1,175,000
$5 cumulative preferred stock
24,721,860
^Common stock
44,280,197
Deposits
under. U.
S.
————
Earned
f
;;To'tal
t"After
surplus
—v—
—
—
reserves, for doubtful
—_
-
the Goodrich Oil Co.
of New Haven,
both
Corp.,
Conn.,.7
•
_
'
.
,
1028.
p.
50,338,905
—
-
Y"-"
$4,507,529
21,000
268,000
y
248,000%
48,000
Y
48,000
331,447 :
23;000
•
.
*
117,965
$109,510
$115,657
: 2,490-
Y
9,514.
^18
accruals
reserve
charges
'
24,721,860*
or
19,320
,
2,916
11,710
128.831 /
10,360
Y/
2,916
126,017
Y35.000 Y
Y% 46
-
•
35,000
345
$6,598
-
...
premium
(269,078=
27,251
income
pfd,
563
declared
164, p.
.
$163,805'
14,165
-207
2,510
$81,696 '
_—„
stock—
$147,199
5,513
5,513
$76,183'
—
$141,686
be made at
the
>
.
$1,321,767
Canadian
mortgage bonds at, 100, and interest.
due serially May
numerical
order
on
—
•
-
-
♦
preferred, stock is^ redeemable^ at the option, of thq company*,
or in part,' at any time on 30 days.' notice initially at $107.7S
accrued dividends and is. also redeemable through operation ot.
whole
in
the sinking fund on any April 1 on 30 days'/notice initially at $105.25,
and accrued dividends.
These redemption prices decrease periodically,
and
after
Oofr.
15,
any
2;
1951
as
indicated herein;/-."'..
LISTING—Company will make application for the' listing of the
preferred1.stock and common stock on-the New-i York' Stock Exchange*
Bank
of
=„
,
1947
to
Mav
•
—
'-
-
-
Y
..;
'
■'
.
"
v
its
,
'
inventories, which increased" $11,132,663, fronx
1941, to $35,790,148 on April 30, 1946, reflect¬
ing both larger volume and: higher prices./
"
y'
Y
(a)
(b)
from
in
Investments
Investments
$6,366,846
in accounts receivable, which increased $2,044,632;
April 30, 1941, to $8,411,478 on April 30, 1946„
on
again reflecting both larger volume and higher prices.
\ (c) Investments of $14,988,000 for additions to plant and equip¬
ment which exceeded depreciation charges of $7,454,000 by $7,534,000
during the. same period.. These expenditures Include $3,780,986 for
acquisition of land and-erectlon. cost of a modern plant for tha;
the
processing ot tomato products and: baby foods at, Tracy, California.
The cost of this plant, together with. Warehouse, when completed will
approximate $4,227,000..
date
Y
"HISTORY
AND BUSINESS—Company was incorporated in Pennsyl-,
July 27,'1900. In 1905 it succeeded to the business of a part¬
nership operating under the same name which had developed from
..
vania
15,. 1956.
interest payment
■/,'
cash, working capital ol the
$24,657,485 on April 30,
Com¬
.
...
company, and its., subsidiaries, in*,
Spanish: subsidiary (not consolidated herein), has been,,
used in the past fide fiscal. years.Jfor various expenditures, including;
among others:
;
•
*
The
$1,567,467
.
15,. 1945;
-
'
Hamilton Pipeline Co.—-Bonds Offered—^Peters, Writer
inverse
i
earnings to finance expansion of factory facilities, ware-
eluding
Payment will
.
.
•
outstanding first mortgage sinking fund 5'%% gold bonds,
for redemption *orr Nov. 15, next, at 100'A
Nov.
51,597
1208.
171,550
& Christensen, Denver* Colo., are offering: $300,000 first,
in
$90;454*/
$1,776,926 :
Y "PURPOSE—The net 'proceeds
(approximately ; $17,680,350) will be
Y 173,206 '
applied; to the extent of $5,150,000 tq the redemption: on or prior to
Jan. 1, 1947 ofYthe company's outstanding 4%. cumulative preferred./
2,510
2,487stock at
103 plus dividends.
The remainder of the- net proceeds
Cr27,393
32,143
(estimated at $12,530,350), will be added to the working capital of
the company and;, used in -the business oft. tha,.,company and its sub¬
$1,387,923 $1,633,623
sidiaries- in such manner as business conditions and trade develop¬
66,156. "
66,156.
$1,539,128
V-.Y
14,303
'
~YYy- 205
3,973
-
-
at.the office,of,the bank in London, England.—V. 150, p;. 1279..
bated
;Y
Commenting on the company's public financing, H. J.
II, President, said "until the present time it has
been possible to provide for the company's steady ex¬
pansion program through earnings and short-term bank
loans.' During recent years, however,, greatly increased?
taxes: have made it most difficult to retain sufficient
A, have been called
Callable
$93,485;
76,167
manufacturer of the "57 Varieties" of food products hasi
made its first public offering of stock.
A group of 62
on
20,272;',
(471,121
$90i629^
-
-
o»
(Cr) ■_*—U.--•deductions
on
$8,748
,
44,025,837
-
,
(Hi J.) Heinz Co., Pittsburgh—Preferred- and Common/
Publicly Offered — The company, 77-year old
and
4,000
4,000
,
900,000
V-
The
in
Paris,' Montreal, Quebec,
Toronto,
Halifax, Saint John,
Charlottetown,
Ottawa,
Hamilton,
Winnepeg,
Calgary-, Edmonton,
Regina,. Vancouver or Victoria, Canada, or at the holder's option at,
the Agency of the Canadian Bank of Commerce in New York, N.
Y.>
13,388,655
$2,595,799 in 1945 and
machinery and equipment at cost, after depreciation, amortization and
115,628
$11,092
—1
$7,024';
Stock
2,082,884
merce
35,000,000
accounts, discounts and allowances of
$3,170,118 in 1946.
tReal estate, buildings,
11,333
•
revenues™
income—net-
$696,425 432,457"
30,346
40,327
change whatever in the present management and con*
trol of the Company."
•
:
"
1946—12 Mos.—1945
1,840,729
) '• ■
1
94;490r
j •
' ■
*
long-term debt
of
,and interest.
1,042,602
36,543,016
505,976
/house space and inventories.
..
"The sale of stock," Mr; Heinz added, "will mean no
$4,486,056
-
excess
»i,
taxes
All of the
series
200,237,521 183,394,898
$771,444
34,690
2,981
5,428
9,362
y.;-Y
oper.
1946—12-Mos.—1945
«
$60,097
:
Gypsum, Lime & Alabastine, Canada, Ltd.—Calls 5^/2%
*y
";-y-. -Y; '
/'
:
3,15,315^
•
$65,668
43,854
Heinz
Bonds^—
Govt,
lated
,
stock, ($100 par) at $102.75 a share and 200,000 shares of
common stock, ($25 par) at $41 a share. Both issues have?:
Y
" 24,720,795
3,596,437,
——
,
underwriters headed by Morgan Stanley & Go. on Oct*
10 offered 100,000 shares of 3.65% cumulative preferred
—V. 164, p. 1721,
650,119'
—.
1946—Mbhthr-1945..
Net income.
•
plant acquisi¬
JBalance
200,237,521 183,394,898
.LIABILITIES— '
...Y'Y.-Y. Y.
(with respect to foreign. operations
now
terminated)——
-i.—•
cojm-
Gas Light Co.—Earnings-
^
VvY'-1
'
Interest
$375,508 "" $365,368
154,389 V
148,992
—
taxes,
Gross income
•
Inter,
Other
368,764
Bank loans
new
-
revenues
ments- warrant1.-*-
Totaf
of
of the 134,236 shares of class B stock there will be
ex<-,
one-third of a share of new common stock.
John P. O'Rourke. President, in reply to a stockholder's
inquiry, re¬
ported that the company is operating profitably and progressing sat- -
Retire,
Firms—
1946—Month—1945
*
L
depreciation
profits
•
57,149,748
979,743
1,098,09.1
five shares
each
Balance.
Goodrich Oil has been distributing Gulf
Ca, below.—V.-163,
Fed. income and:
278,122
57,356,381
insurance,, taxes:,, etp——.———'
'Debt discount and1' refinancing charges—
*
leasehold improvements and otjher defd. chgs._
For
Non-oper.
With¬
Subsidiary—;
tion adjustments
General
.
tCapital assets—
and
changed
Net
per
Prepaid
debentures
Taxes
'
Statement
acquire^ the assets of
Oct.
on
expenses
Amort, of
contra—;y-y„
9,691
1,042,602
Investments, advances to other companies'and'YYy^ y
Y
^
miscellaneous receivables,, l^ess reserves1,504,347
2,003,026
Postwar refund'of foreign excess profits tax 7
y"~ 'Y
.
4%
'
of new common.
-
its registration statement (No. 6465),
shares of common stock (par $1).—■
Transportation
Goodrich
announced
'Y Period End. Aug. 31—
Gross revenue-
315,315
-
•
series A
new
Maintenance
...
.
Gulf Power Co.—Earnings—
-
—
.
"
thc: 35,166 shares of class. A Stock, carrying* a $431'
there will be exchanged $21.85 in debentures and two shares
accrual,
the
increase
Ltd.—-Registration
corporation has
the
was
See Texas
——
contracts,
re¬
a
of the
Mines,
Sale of
fTrada accounts and. notes receivable
38,475,899
46,418,860
accounts and-notes receivable—i,,
1,243^97
816,132excess profits, tax_"i.': Y
1,687,26a
Inventories
————————
' 68,072,264. 55,501,167"
and" reimbursable items under U. S. Gov-
oh Oct."3 approved
plan, each oL the^v 13,878 shares ob $7 preferred stock ©a -1
a
dividend accumulation of $68.25, will be
exchanged 1
Operation
special meeting to be- held on Oct. 18, will
split the class A and class B common stock
products in Hartford, Meriden, Middletown, Plainville, Clinton and
Bethel, Conn., and Providence, R. I."
"
Post-wat refund of:Federal
emment
"it
eachw of
-
Dividends
Other
Cash
that
is
Haverhill
Oil
3,381,553
—
$100 of
,rpon;.
For
-r-V.
and
-Y- .:•'-$. •
" 12,352,034 12,850,187
—
special meetingrheld
a
period End* Aug.
amendment, the class A stock will be entitled
to 80 cents a share pex annum and class B stock to non-cumulative *
dividends up tp 40iCents a share annually. If additional dividends are
paid, distribution will be at the rate of 10 cents a share for class A..
and. 15 cents a share for class B stock.—V./164,; p. 1595,
;
it
tin-:
1945
for
there
Operating
'
..
stated
,
a.
Gulf Oil Corp.—Acquires Two
'Y-.Y •$
YV';:.."
———
—
.
further,
company
.
Under the
which
1946—8 Mos.—1945
authorized class A
from 100,000 shares to 400,000 shares and the present
stock
0,600
On
.
'Y"
.--
JUNE 30
'
The
the
The
filude? $1,202,914; premiqms and accelerated amortization. iOf which
$300,110 in 1946 and $554,47*0 in 1945 is represented by, treasury cqmrmon stock at cost. 1946 includes $45,532 profit on sale of 5,06!> shares
'
harrows.
heen oversubscribed,
28,816,603
and
the
plan which discharges the large accruals on the $7
cumulative convertible preferred stock and $3.00 cumulative
participat¬
ing class A shares. The plan was approved by a vote of )0.54% of
the 7fJc preferred, 82.65% of the A stock and .80.82%
of the class B
common stock.
'
■
with
1,030,077
1,303,255
36,543,016
50,338,905
•
manufacture
then will have out¬
standing 254,640 shares of class A stock and 1,360 shares of class A
stock in the treasury, while 209,340 class B shares will be outstanding,
'
'
'
the
over
Hathaway Bakeries, Inc..~RecapitaIization Approved'
31,149,935*
1,303,255
•
Cordele. Gv^Nbiftr
Co.,
is. announced, that
The stockholders at
19,46,
The company has. withdrawn
filed May 31, covering 500,000
——
Y 1.030,077
' 53,331,462
—
preferred stock-.——
common stock——
Machine
is
drawn—
y
______
It
$4,893,408 $46,392,568 $40,842,182
$5,674,697
proposal
Gubby
5,244,308
25,905,627
//*'
-
-
year___———291,577
surplus
Dividends
bonddWriter
.
to
V. 163, p. 3135.
-'Dividends
common
(Peters,
expected that carload lots of harrows will be shipped with regular**
itjr over the next several: months,"—V. 164,; p* 1595.. *
»
:
Dismissed—
authorized class B shares to 216,000.
stock split is approved, the company
54,000
**——
———
———
surplus at Jan.
>'
bankers
all
Hamilton
Pipeline
Co.
GeraldP.
Peters
and
Harold
D.
Writer
respectively President and Vice-president of Peters, Writer £ Christ
tensen, Inc., are presently directors of the pipeline company.
21,424^451 Y 18,917,360 i 19,029,411
9,090,430
Y
Cooperage^
amendment,
common
-
166,402,481 224.824,578 207,892,543
——
The
.
sold-™,----.--—-—112,943,513 159,118,625 144,677,099
23,697,375 20,644,732 18,734,369
2,335,193 " 3,500,190
2,992,929
Y'"; «'//'''./.■'/%;'Y
Y/
and refinancing charges
*
468,576
t2,111,320
976,624
Other charges—.!
1
<•' • ' 256,434
229,167
538,214
Prov. for Fed. and for'gn inc. taxes
11,231,000
32,099,000 *32,729,000'
Prov. for contingencies——.
3,000,000
1,500,000
2,000,000
prior
the
of which
the
until
four for one.
of goods
surplus
agreement
all
Bank
shall hav® the right to elect two directors at allr
t.mes and in case of default under the
indenture, the entire board'
of directors. Officers and
employees of Peters, Writer Si Chfistensenl
Inc. have purchased and now own 22JA% of the
common stock of the-
_
.
September,
in
company
,
Selling, gen. and admin. exps.,Yi_Y
Prov. for depreo. and amortiz./_
•'Interest and amortiz. of debt disct.
:
3,692,610
^.
The stockholders- at
—
recovery
1943
7,273,926 Y 8,283,451
3,350,293
3,031,548-
had 144 stores in operation, as
against 146 in the same month last year.—V. 164, p. 1594.
Y
Y//'.Y-/Y';/''i''.,is Y^V/YY.1/-' Y/'YYY'/;^'VY';Y
'^/,/YY-^yyyyyyyyy' Y-'Y-
•
Net
1944
-
7,155,852 Y
4,489,914
4,627,103/
-
The
,
Earned
Y
_
Period End: Sept. 30—^
.
Partial
this
agreement
National
capitalization
Sales
1946 /
19451944
;
$
*
$
$
transportation
Y
and excise tax deductions-)163,857,141 222,530,675 206,273,349
Other income
*
2,545,340
2,293,903
1,619,194-
"
Under
escrow
States
isfactorily.—V. 164, p. 1595.
;
,
*
1945
1946
$15,922,870 $19,064,350 $19,159,689 $18,685,538
*
Judge William Bondy of United States District Court in New York, >
Y., on Oct. 3, granted judgment in favor of the company and
dismissed the ocmplaint of the class B debenture holders.
Y The Court held that under provisions
of the class B debentures
declaration of amounts payable out of net earnings was discretionary
not mandatory.
Class B debenture holders were suing for a sum of
more than $800,000 for;- net earnings fOx 4he? years* 1924- to 1944.
)
;;y a similar action has been tried in the Circuit Court of Brown
County, Wisconsin, by another group of the class B debenture holders
and the railroad company was likewise successful in that case
(see
V. "163,
2438).; An 'appeal to the Supreme-Court of Wisconsin i$
now pending.—V.
164, p. 1721.
,
' ,
> \
(discounts,
——
"
1329.
p.
Greif Bros.
'
retired.
an
United
Christensen, Inc.)
harrows
'
(B. F.) Goodrich & Co. (&
Y
Under
the
the company on Oct, 3 shippedl a carload; of *
Atlantic Coast Line Ry.
This initial shipment/
maiked the recent completion of their modern farm
implement plant,
the installation of a substantial amount of
machinery and the^ organi¬
zation of a force of mechanics and
engineers to completely manufac¬
ture and assemble harrows on a production line basis.
The facilities,
of their foundry, machine
shop and farm implement plant were used
141,191,225 119,539,611
^
278.yyY:%/■;/■
Cost
been
by
(H. L.) Green & Co*, Inc*—Sept. Sales Up 16.0%—
dividend of 20 cents per share on
1 to holders of reoord Oct. 15. An
l>.
income
issued.
are
held
Harris Foundry &
.
,
Initial distribution of like amount was made on Aug. 1, last.—V. 164,
Total
&
•
v
1946
30,
^
6 Months Ended
is
have
N.
•
#
Net sales
^Capital stock consists of 500 shares (no par) authorized,
100. shar.es
stock
railway- Y' 103,319,170 137,892,345' 135,234,823 124,933,446
18,550,121. : 46,290,533
47,104,956
48,436,883
from
from
Net
,
«
5
->
declared
have
directors
average;
agrees
to pay to the company on the 10th day of the monthi
following a sum equal to the difference between, the bbls. aotually
transported and 3,000 bbls. multiplied by 12&C
Shipping Han-ows-r-
1946—9 Mcs,—1945
Y
From Jan. 1—,
Gross
profit
—
$107,822Capital ...shares .outstanding-..*—}\ Y 315,000
Earned per share
————
,,
$0.34
The
ry."
railway-
railway——
Net
Net
*
from
Net
Pro-,
(Canadian funds).
ENDED
MONTHS
SIX
FOR
EARNINGS
.
Net
a registration statement with the
stock.
Underwriters, Mark Daniels
cents
Globe-Union, Inc.—Earnings—
•
\
Green Bay & Western RR.—Suit
a share
ceeds will be used for mine development.
&
;y
Ry..—Earnings—
.
from
Gross
^
,
1
,
August—-
'
Can.—Registers
Toronto,
Ltd.,
1594,
Great Northern
,
>
Co.
Mining
' '
13,345,973
16,104,528
—V. 164, p.
company
Glencair
Union1-
to
1946—Month—1945
Sales
announced recently that it had completed negotiation
through Loewi & Co., of, Milwaukee, for the . sale to au institutional
investor of $100,000 10-year serial debentures.
*
Y
Part of the proceeds will be used to install quick freezing equip¬
ment so that the company can hold vegetables for a period of time
before canning of them.
'
-Y
The cannery, which has packed • peas and beans for a. number of
years and recently added corn to its operations, is affiliated with
Country Gardens,
Inc., distributing agency
with headquarters in
The
is subject
installed.
and
$
Gillett, Wis.—Serial Loan Placed
Gillett Canning Co.,
-
transaction
Period End. Sept. 30-r- -
Ltd.—Listing—
Exchange admitted to dealings at the opening
Sept. 30, 1946, the $1 par capital stock.—V. 164, p. 1594,
Of business on
The
•
a
contract with the Harpilton. Pipeline Co. dated Nov
17*
the Comet Refining. Company agrees to cause to be
transported,
through the line a minimum of 3,000 bbls. per day monthly
..
York Curb
New
Grand
>
crude oil pipeline" which runs from,
Thermopolls; *Wyo., a distance of ap*
a
field1 to
;
r-»:
Giant Yellowknife Gold Mines,
"'
of
share
eaoh
for
1,500,000 to 2,000,000 shares.—V. 164, p., 1594.
*
*
stock
Stores
-
-
;
Brooks.
the
on
22
(W. T.): Grant Co.~Sept. Sales Increased 20.67%—
<5; >
..
American
S.
equipment,
Under
favorable action by the stock¬
holders of both'companies and to certain other conditions. ?y-YY--;"£'
Although a definite date has not been set for action by stock¬
holders, the management of American Stores said that special meet-;
ings would be held on or about Dec. 6.';■ Y:""'1"' Y/YVY'/-'< • y;>:/ ;'YY';-Y
Y In order
to provide
sufficient stock to consummate the merger,?
American Stores expects to increase its authorized common stock iromY
stock.
$892,090
222,258
$650,228
railway——
from
Gross
Net
-
1944
1945
1946
•
of
shares
A.
1945,
the
issue
will
company.
and
property,
.
Spencer
will
Co.
oil
real
tank-cars. Pumping stations and other neoessary equipment,
The line u> completed and in operation.
The first oil:
pumped thru the line June 22, 1946 and the first cars loaded1
June 25, 1946. During the period from June
22, 1946 to Sept. 1, 1946 ■
180,136 bbls. were run of which 110,067 bbls. were run during the
period to July-31, 1948.
,r
,Y
>
;
acquire and operate- as a Grand Union
properties, and business of The Grand Union Co. and;,
approximately 306,000 shares of new capital stock, for dis¬
to
Grand Union
stockholders
in
the proportion
of 1%
American
privileges of the
Dome
Bank
all
on
was
"
Weed, President of The Grand Union Co., on Oct. 3 announced the
completion of negotiations for the union of the properties and busi¬
ness of the two companies through the exchange of the assets of The
Grand Union Co. for stock of American Stores Co. Under the plan,.
$4,889,509
2,676,064
$4,034,618
$169,504
Y
99,049
mortgage
22.4 miles. Storage facilities are provided, at the field
terminal in Themopolis where also is located the
loadinsf
railroad siding of the C. B, & Q. Ry. This rack has a
capacity/
at
are
'
first
a
proximately
of
Grand Union Co.—Proposed Consolidation-^
William; Park^ President of American Stores Co. and J.
Crll6,607
$6,710,682.
2,676,064
$392,510
$275,653
■—.
164,
301,506
Cr9,717
90,752
$498,658
223,005
income
Net
t)ivs.
/.
Hamilton
and
C.—Merged-~
1
are
*i.CoJlipa?,jr owns and operates
the
at
$8,502,110
3,586,315
Crll6,607
140,117
297,902
Cr9,717
Cr 1,077
on
^Authorized 4,147,154 shares; issued 1,314,296
in 1946.
treasury
Gossett Mills, Anderson, S.
$775,052 $10,320,508
$785,766
-
long-term debt-
Amort, of-prem. on debt
Other
deductions
Int.
in
See Textron Incorporated below.-
.
•
bonds
franchises and
rack
profits
exc.
—
Y These
$102,378,308,
at
1945
102.
Trustee, The United-States National
Denver, Colo. 7 YYY
less 5,976 shares-in 1946 and 11,041 shares
cost, $300,010 in 1946 and $554,470 in 1945
and
intangible capital assets, namely goodwill,, patents and
trade¬
marks carried in the books at $57,798,001.-—V. 164, p. 1594.
2,507,732
3,497,737
4,941,727:
and $29,348,822
shares,
4,884,666
acquis.
—-
General
.
403,000
lor depreciations-
Amort,
'
$4,204,837 $51,228,325 $49,551,096
25,033,343
24,750,528
.2,045,721
$4,392,618
revenue
Operating
Prov.
1946—12 Mos.—1945
1946—Month—1945
Period End. Aug. 31—
Thursday, October 10, 194fij
at
<
a
business
founded at
Sharpsburg, Pa., in 1869 by H. J. Heinz.
The
jVolume 164
President
is
the
the- Heinz
Of
The
and
label
Heinz
-1 row
head
the
-.-Notes
:-vi-v-
company.
the* trademark
and
Varieties."
"57
The
Other
operates 13 factories, 137 pickle receiving, and- salting stations,
receiving stations, and 9 pea viners, located in important
v.-
-employees
one
tomato
48
producing areas throughout the United States. The com¬
subsidiaries also' operate two factories in Canada,
one. in
varieties
principal
( .The
and
ether
and
condiments.
tomato
produced
products,
to
Due
baked
are soups, baby foods,
ketchup
beans,t pickles, vinegar,-spaghetti,
the-
governmental
the
war,
restrictions
on
management
possible
ments
Reserve
post-war
for
plant
compensation
income
preferred
claims
treasury
5,000,000
shares)
__
Total
but
all
mental
percentage of domestic sales are of products
during the war years with govern¬
Heinz
UNDERWRITERS—The
factories,
restrictions
container
and
raw
the
limitations
material
chase
products
5,000,000
the
respective
underwriters' have
amounts
set
forth
severally
agreed
to
Brown
Chaplin
&
and
Clark,
Dodge
Clark
W.
Paul
The
H.
&
company processes the raw products of -agriculture into pre¬
pared food products.
The number of such finished products requires
wide variety of riw ■ materials, obtained from many different geo-.
Dominick
&
Drexel
graphical locations;'
Elworthv
The company annually' contractk with farmers for hiajor raw ma¬
terials, such as tomatoes, cucumbers, peas and other vegetables. Con¬
tracting takes place- In advance of the growing season and specifies
the acreage to be grown,
the price to be paid and the minimum
Equitable
I.
•
Fauset,
The
the
market.
open
dairy
as
Root
Glore,
2,000
and. flour,
These
recipes
confidential
are
quality and individuality to the resulting products
In
all
and
J,
give
material
Raw
from
the
is
farm
trimmed,
washed,
on to the kitchens where it is usually cooked
kettles with the .other ingredients
called
for
eted
which'
after
the
either
tainers,
finished
glass
or
Carl M.
inspected, and
--y:•
j
-■
cooked spaghetti, many soups, mustard, salad dressing,
and peanut butter are made throughout the year ac¬
the company's- recipes and processes In. modern kitchens.
cumul.
tCommoir
pfd.
stock
v
V
stock
($25
Authorized
•
($100
par)
.
100,000 shs.
100,000 shs.
par)2,000,000 shs.
1,500
Ry.
Co,___l
1,500
$100).
The
-offered
are
preferred
tAt
»
,
the
stock
*
stock.
preferred
five-
-
of
V stock
and
The
of
5,000
remaining authorized 100,000 shares of- cumulaunissued-and not - designated as- to series.
Union
time
effected,
($25 par),
the
as
the
authorization
($100
of
reclassified
company
stock
common
par)
:
into
and increased the total
cumulative
its
360,000
of
'
500:
2,000
of.
2,000
j? ©04
shares
main
the
DIVIDEND
since
191 Hf
4
©nly $88,766.
dividend
cash
bave
been
of
In
rat6
of
$6
per
year
the $100 par
on
;
this
of
common
halls,
The
*
stock :to> bd outstanding.
19^4?
,.'
2,500
.
5,000
500
.
2,000,
.
and1 commissions,
-
Selling;
Bad
gen, & ajimin.
debts written off,
expenses^—
24,643,198
net—9,022
income
,:v; The
Income
*
income
2..
loss in
Net
;
income
Preferred
the
19,620,963
360,687
taxes
._
674.508
foreign investments
for contingencies.—it
1,380,000
voted
to
earned
surplus
332,020
200,000
_:u—a—;?-.
-
"
4,Q52;084 7
t
$1,642,802
672,122-'
648,245
1,208,917
661,457
•$1,909,346
333(100
2,817
27,599
3;765
41,639
-
$55,520
>V
3,083
'
25,169
♦$1,881,747'
•
$358,269
27,134''
26,260
*'•
41,652
r
333,918
""
330,564
_;
'
;_
f$101,185
164,'
"
$10,785 t$2,242,799
.
'
$1,445
Subs.)—Earnings— >
6 MOS.
1946
ENDED
$671,422
-
30
1944
$2,801,447
fi**' $221,688
—
JUNE
It
1945.
$1,232,614
>1,010,926
—
i.
:V
1209;
p.
$1,943,286
2,130,025"
1,358,326
$564,960
23,831
36,879 '
6J.989
$245,519'
income
$708,301;
$646,949
54,609
74,822-
67,090
58,018:;
67,768
65,601
692
•ui :i?>
1,260"
9,480
191,949"
;
,
"189,012
•?.
V 41,897'
taxes
$315,765
,
cf. Income of
par
value,
«
of
on
Big Boards
stock
from 416,3I8M2
$552,856
$393,685
l,2p0,00(>
and
37,166
hand
on
supplies
at
and
cost
in
transit.—_.
less
reserves—j.-
assets-
claim
against
Total
;
It
?
- - l
LIABILITIES-4—
;
;
Government—
-81,998
147,122
127,714
35,821-
I,
$4,731,456
*"
$47,000
accruals-——_
and foreign taxes_—
40,568
$4,666)992
**'
'
Drafts payable
Reserve for U. ^S.
1
■
697,258
150,420
92,377
»
-
1,328,725
1
i.;
4 Accounts payable1 including
7- 293;528
1,032;066
program
taxes
Mexican
210,094^
1,282,154
—
income
111,176
241,913
141,793
r
Other advances, claims and
deposits-—
Prepaid and deferred charges
;
$15,01)0
183,537
113,397
74,524
_
Reserve for contingencies.
SpHt*rUp~-
^
-
approving
rubber
1945*
1,200,000
receivable
and
3<5i,>
JUNE
rl946-
Sj/Government securities^i_*i.j.i_ij.__——_
Allowed
new
amend
the
charter- by eliminating
the
of 7%, preferred stock which was* called for
1, 1946.—V. 163, p. 3285.
-
will vote Nov; 7 on
;'
Prepaid Mexican
•'
capital; from $4,700,000 to $5,000,000.
BALANCE SHEET,
;;
Patents, trade- names, - etc.^.^_^-~xi.
Adva,nces in connect, with shrub;-cult,
cer¬
or
CONSOLIDATED
250,421
230,000
Statutory, reserves accumulated by subs, under.
Mexican
^
law
_.^
115,754*
Reserved-foreign
exchange conv. differenced—_.
(595,832 shares).
Capital surplus
;_
I Earned' surplus
proposal to chahge
shares of $5 par value
a
Capital
stock
88,606
:
7,802
2,979,160.
412,862.
-
.7,434
2,979,160
less
-
-
.
rev.—electric
Operation
••
7,880,023:'
and* deferred charges---
—-
i:^,.TptaI.
—V.
800,110
$4,731,456
___
$4,666,992
162, p. 986.
798,612
—
The
133,773
1,797,584
on
1,576,717
1,786,313
1,596,874
———
Prov,
&
accel.
of
use
2,400
All
Fed.
for
profits
excess
other
inc.
1,386,297
1,418,119
,
$5,223,»4
r
156,000
and
.
.91,877,.
.
form.-feed
$82;350 v $4,637,987
4,573;
69,123
:t
machine,
three
;
..
punch, the electric multiplier and divider, the electric
accounting machine with three-line listing feature, an
collator with alphabetic-feature, an improved-con¬
electric
3,942,155
-
271,198
principle,
device
for
the
electric
punched-card- accounting
typewriter with "proportional spacing and
type faces; the" EleCtromatic' manifest typewriter-, a new
/ portable time recorder,' A "new" time-control unit with newly, designed
secondary clocks, the* IBM electric' Chinese typewriter. and the- new
wireless translating system embodying IBM and Filene-Finlay patents.
,-
taxes—
taxes
improved
1,600
of
properties;'.^■'
Prov.
new
this
by
punched-card
tinuous
maintenance
def. as a re-
for
reprs.
1,600 /
machine
to employ electronics for multiplication
corporation- to its-line: of" products utilizing
Thomas J. Watson, President, announced
The machine is known as the IBM electronic multiplier.
or
improved machines include the electric and printing
Sept. 30.
Other
'
200
business
added
punched-card
reproducing
limited-term
investments—
electric
■
first
been
•the
$1,880,253 $20,234,424 $21,028,856
557,100
7,670,108
7,020,127
405,207
has
j
548,821
2,953,7^5
151,402.
the' Electromatic
new
—V. 164, p. 1595.
-V
^
-
.
73,023-:
7,172,21T
35,647,784
?
1,327,785
Net oper.
$455,124
revenue
Other income—net
6,525-
45,293
International Great Northern
>-
Gross
income
Total income
_
$461,649
deduct,—
82,252
$4,707,1 JO.
$86,923-
$5,268,557
Gross
82,150
1,060,286
2,334,535
4,'773
$3,646,824
389-588
$2,934,022
389,588
$3,257,236
$2,544,'434
rNet
Net
c
233.76L
896,535
1,226,669.
524,370
Net-income:
$379,397
Balance
$06,286,352 $82,677,845
—V; 164, pi" 1209.
_____4_„,4.
a—
.
ry,
.
Net
from
Net
•*
rjr.
20,050,1902;498;109*'
5,749,382"
274,503
income—
—V. 164, p. 1200;
.
v
-
■'■/.
■->
,,
.t
' l
.1
1944
.
17,842,443
railway—
oper.
I.
>
<
--,
•
■
T
■
.'
f:
$2,626,257
793,386
1943*1
$2,447,490
820,248
280,757-
351,448
20(4661J68:
19,464,350
.
'
~
Gross-from' railway——
.1,262,760
Dividends applicable to preferred stockSi_^_—.
.
from
from
From Jan. 1— *
,'v>
RR.—Earnings—
_„1946
...1945
railway-—_ $2,220,809
$2,467,105
railways—257,229
633,742
oper. income-^, 3,002 *
230,580
August—•
;
».
>
'
28,970,281*
412,"861
680,818
-
1946—12 Mos.—1945
181,047
•
1
20,736,438
$1,949,752
:
151,694
suit
•'
26,741,663 '
1^59 403
"
—
Co.—Earnings-
1946—Month—1945;
Maintenance !
•
5;213,969
(net)—
Stock
Depreciation
of;
conw
said; that the increase in the number-of common
make the company eligible for listing, its stock on, the
Exchange.—V;. 158, p. 10347'
^
.v -
will
York
Oper.
100,000
3,400,034;
3,664,565
200,000' *'
200,000
3,400,034 !•> 3,664,565
73,023
reserves
-
Jpther assets'
shares of $2.50 par " value, two new shares, to be issued
for each share held.
It was stated that the capital and
International Business Machines Corp.—New Products
hand__i_—____^$3,160;928 $6,763,565
obligations-V at' cosi^'*; :VvT
____—_________
expenses
84,253
0;
•$53,781*:
tlncom'e.—Y:
profit
Accounts
■
Houston Lighting & Power
"-''Vv Company Consolidated
current
Fjrepaid^
U.
shares
Period End. Aug. 31
BALANCE SHEET; APRIL 30; 1946
market $69,769)—*
assets
$10
only-with
.
124,183
"750,000
4
4,052,084'
investments
Fixed
9,379,891
•$28,307
$52,703
"$61,004
charges—
COMPARATIVE
directors
The
3,029,346
1,621,354
1;497,298
128,808
-:'i 500,000
■■r Inventories
-
$11,022,693
68,955
Cash"
further
-
outstanding-common
Amort, "of
receivable—trade,
solidated
shares
to
22,074
832,637
1,733,815
3,137,996
1,371,065
ASSETS— v.-;' *
Cther
on
1946—8 Mos.—1945
assets—
of
exchange
';
$95,OQO for company and $108;513 for
.#
form
432,893
1,649,515
V,
1,910,000-
taxes, < less
.±lsi ■
Cash in banks and on
Cnited
States
Govti ?
(approx.
to
made
New
dividends
{Accounts
the
voted" to- change- the paf' value" 01 the
common
stock from no par, to $10. per
June' 19
onr
thus increasing stated
to
,
„
change
be
10,705,156
.
.
the
may
375,487
dividends;
;
indicate
value,
11,441,371
-
Common
in
/'
The stockholders
63,693,999
"
.
held
be
surplus of the corporation would not be changed.!
Foreign; taxes, less post-war refund:
Possible
par
Cr4,435
post-war refundu-
General prov,
$10
10,041,026
664,130
profits
exc.
value,
par
to
the-parent company only for the'half
ended June-30, 1946 shows: Total--income, $52,275; expenses,
$61,569; provision for U. S. and foreign income taxes (after deduction
foreign tax credit against U. S. taxes, $9,921; net
loss, $19,215^
Fixed
5,376
deductions
Federal
11
84,474"
;
Statement
Shrub
11,065,884
income
>V> Federal
resort
9,702,624*
-
no
called
of
underwriters.
are- no
of
to
500,000
also
shares
Total
the
account" and
rU.;:.-jr
$90,30#-" $372,482'
After deduction-of foreign tax credit against U. S.
taxes,
1,500
"
-.
city which will include
restaurants,
bars, '. cafes,
beauty: parlors, etc., " all; of which/ are' to: be leased,
stamped
in
Other
amusement
an
-w—,9,274,977
427,647*
Crrossproifl^'
,
shares,
$205,911
103,948
Net'* income'
N^ev.—Files With; SEC—
build
May List New-Shares
93^351,553
22,795,577
$127,418'
5,223
income
come
2,000
5,000
.
500"
Hoover Co;;7 North Canton; Ohio— Plans*
less
discounts, returns and allowances 114,150,564" 112,815,488
of goods sold_——
80,223,367
78,948(651;
stock
.5,00*0
500',
..
6,000
3,000
»
•
Cost
and
appropriate
RR.—Earnings—
Selling-, general and adrpin. exps.__
Provision
for- depreciation—:
Other charges to income_i.__j.i__—
"Provj for-" U.' 3. and' Mexican-* in¬
2,000
A50p
•
1944
$'
Crdss- sales
to
more
$1,502,342 "-$1,345,303
$10,498,630
1,374,924
1,139,392 "10,526,937
sales—
Total
1,500
1,500'
of
Other
.
redemption as of Aug.
1045 ":
of
been
1946—Month—1945
- •
Income
■
deficit
Gross
-
to
There
stockholders
authorized
.-
capital
stock
broaden
capital
a
7,000
500
v
Cost
Oct. 2 filed' a letter of notification wfth- the SEC
common
($10 par)
Offering - pricey $10 a ' share.
corporation,
authorized
CONSOLIDATED INCOME STATEMENT
EndecJ April 30*--".
.
used
Western
tificates
was
Tears
the
300,000.
has
Sales, of; guayule' rubbeh...
1,500
;
50O
certificates.
-
common
to
number
.
The New York: Stock Excha,nge on Oct. 4 directed that beginning
Oct! 18 deliveries in settlement of Exchange contracts in common stock
share,
•
fixed
Materials
1947; on; the 1,409,064 sharesi of;
:
allocated
of
provide
Intercontinental Rubber Co. (&
Holly Sugar Corp.—Listing, Etc.—
Thfe Treasurer of the company intends- to' recommend at the Decem¬
ber quarterly dividend meeting of the board of directors of the company that an initial-dividend of 45 cents a share" be paid in Jan.,
:
on
be
lndividuals.
a
$1,500,000 was paid while earnings amounted to
1933 a dividend, of $1,200,000' was paid while the
of operations was a loss of $880,824.'1 Dividends
paid: at the
$811,555.
CONSOLIDATED STATEMENT OF INCOME,
f
500
Corporation
shares of
will
old-
an
to
results
©tock .during the past five years.-
--
1932
1,015
gambling
cash' dividend on the
- net
profit of
the cash dividends paid
a
thq company and its subsidiaries exceeded
In each, of- the respective years except in-1932* and *1933-.: In
of
amount
the
income
•Deficif.
1,000
&
Proceeds
The1 consolidated
i
consolidated
for
,the
every year
oper:
Net
1,500
1,000
5,000
,
The company
are
(as
POLICY—Company- hail paid1
stock
common
shares
treasury
ry.
Total
500
.
;
Hell, Inc., Las Vegas;
presently
are
unisstied
in
entire
year
outstanding in the- hands of the public,
being- now-offered; 230,936 shares reresult of- the reclassification of 57,734
I shares qf common stock, $100 par), and the remaining 360,000 shares
©re authorized; but unissued;
"i 200,000
shares
increase' In
This
the
Misc. deductions—
4,000
1,000
———
'
:
to
150,000 to
stockholders
rev. from ry. oper.
Total
share of
the
201,880
the
respectively
1,500
St
—Vs. 164, pv 1595.
6tock ($25 par) tov 2,000,000 - shares, and exchanged each
outstanding $100 par stock for four shares of $25 par stock.
2,000,000 authorized shares of common stock ($25 par), 1,209,-
common
to
are
1,500
:
:
Of
the
split-up.
split-up
and
authorized
of
expenses.
1,500
1,500
3,000
—
Walker
Yarnall;
shares
amount
from
revenues,
7,000
4,000
.
1'
Securities
to
transferring
2,000
Company_____________^__r.
The
:■
common
authorized
H.
for
1,500
500.
:
White, Weld
Wisconsin Company,,-.^......-;
Dean--Witter:& Co.-_^_____v.^-__
preferred
authorized
1,440,000 shares of
number
G;
&
The"
2,500
:
Anthony- &
■
amounts
meeting
oper.
Net
.
6,000
;■„
•
Thonid,s
the
Other income
2,500
4,000
500'
"Tucker,
by
thereof
stock
Railway tax accruals
;
Equip. & jt. fac. rents—
6,000
'
1,500
2,000
Sutrb'- St' Co.:
?
3.65% cumulative preferred; stock now
a
series of the authorized cumulative
are
capital stoqk,
the stated cap¬
1,500
5,000:
,
Stroud
stock'are
same
was
shares
shares
100,000
unissued
such
increased
oper.
Net
1,500
Singer, "Deane & Scribner___^
Smith, Barney. & Co!
|;
St Company, .Inc.'___.
1,409,064 shs.
(■ •Oh Oct: 8, 1946, the company increased its authorized- capital stock
by authorizing 200,000 shares of cumulative preferred stock (par
In
would
value,
Indiana Harbor Belt
4,000
500
t
1.
that
4,000
-
Scranion
W.
Chas.
be
out
two-for-one
Period End. Aug. 31—
2,500
Riter-:
dutstandi'ng
the
stated
between
special
Ry.
,
;CAtJ$^ZAro
*3.65%
4,00.0
1,500
Merrill,' Turben; &' Co
■
.
1,500
2,000*
Moore, Leonard St. Lynch,
F. S; Moseley St. Co;
Maynard.B. Murch & Co,_____^_________.
Newhard, Cook St: Co,
Paine, Webber; Jackson St, Curtis
Fhillips,' -Schmertz' & Robinsoh
Piper, Jaffray St Hopwood__;;i._,_^_u______
present
and
purpose of considering and voting upon the
Articles of Incorporation necessary to carry out
above-mentioned
recommendation. The
affirmative vote
of
the
holders of two-thirds of the
outstanding capital stock is required for
the apprvoal of such
amendments.—V. 164, p. 1595.
:
1,500
Co"._______—
the
7,000
;
Loeb, Rhoades &
2,
1655;:
p.
the
500
:
;
be
Split-Up and Increase
that
two-for-one,
carried
payable
of
24,
1946,
amendment to
1,500
;
E. Masten St Company.
■
__T_
McDonald"
Company___i_
Merrill Lynch, Pierce, Fenneii & Beane;__;_____;
sauces,
cording to
&
161,
to
of
be
the
Oct.
2,000
A.
in ste&m packby the recipe,
Baked beans,
eeveral
Hutton
A
6,000
500
J.ii-y/:•,
prior
stock.—V.
common
will
Ohio.
right
account
accounts:
to
are
6,000
5,000
will
in
surplus
5,000
Lehmar) Brothers
product is. filled automatically into con¬
tin, capped,- sterilized, labeled, and" cased
tor the* market.
*
E.
the
Nov.
Payment
Columbus,
have
surplus
purpose
balance
1,000
i!
dividends;
and
Bank,
shall
account, $421,380.44, and $487,079.56 of the
to capital stock
account.
Giving effects to
Sept. 30, 1945, the close of the last fiscal year,
remaining In the earned surplus account from which
balance
2,000
5,000
& Anderson
share
per
National
shares
lecommended
be
as
potential, market
10,000
i
■
B.Hilliard St
J.
W:
*
passed
Co
Janney, & Co.
Kay;: - Richards; & Co.;_"__-_^
Kidder, Peabody & Co'.!_~-__i
W: O; Langley■, &;" C6.___:
Lee' HIgginson' Corpdration____
casfes,
by properly sterilizing the contents. of the sealed containers imme¬
diately after filling.
5
v
■
,
~
Some* products; such as pickles, are
preserved by the use of proper
Ijickling procedures; .using vinegar, salt.sug.ar and spices,
w
,-yy
■
the finished product- isr packaged sb" that it will keep
reasonable length of time, generally several years, this is achieved
a
.•••?
Hornblqwer & Weeks______;_^___;
E. F.. Button' & Company__;-_;____;
'
-
Ellis
surplus
transfers
increase
1,000
Ripley & Co., Inc
Hawley, Shepard and CompanyHayden, Miller & Co._________
Hemphill,-Noyes &
-
kitchens.
&
paid-in
■
The
2,500
7,500
;
redemption
on
Nov.
7,
1946,
for
908 shares of 6% cumulative convertible
be split-up,
will
the
dividends
2,000
Co._____
Harriman
departments in two locations and makes the greater part of its own
tin cans.
The machinery for closing tin containers is rented.
Most of the products of the company are prepared ready to serve
from recipes developed in
the company's own research laboratories
experimental
500
&
Green,
Supplies, such as containers, labels and shipping, cases, are) for the
most
part purchased, although the company operates' can
making
and
Corp,
capital
the
4,000
4,000
2,000
Corp
have
value,
such
2,500
Co
called
•
for
company be increased from $1C0,940, or $1 per share, with
the 100,940 shares of capital stock presently outstanding to
earned
2,500
4,000
MacGregor, Inc
Goldman, Sachs & Co.
Graham, Parsons & Co.__________
open market throughout
-
Forgan
Glover
mustard seed, and such
are purchased on the
beans,
crops,
products;. meat
the year.
&
Boston
of
1,500
1,500
California
equipment, machine
plant it has
departments.—V: 164,
three-story
retail
or $5 per share,
with respect
stock to be outstanding after such
stated
4,000
Co._
Co
Steele
First
First
of
&
$27.50
at
the
par
the
of
1,000
(_.
Co
ital
respect to
v'"- V'.
.
Securities
Estabrook
quality that will be acceptable. The company in most
instances provided plants or seeds for contract plantings,
Fruits are obtained through contracting from orchardists or buying
on
&
without
capital
■V
Pont &
Its
$1,009,400,
2,000
Co.—___
Dominick——
du
Texas.
field
oil
In
and
directors
1,500
■
materials;
The
500*
'.■
Co
&
Francis
,
of Dallas,
TheSe
& Son,
Antonio,
in Stated Value of Shares—
6,000
;
Co.
&
include
plants.
Huntington
of
1,500
.
Co.______
&
Davis
The
5Q0
5,000
Sons_____
Company.:—
E.
lines
Illinois Zinc Co.—Plans 2-for- 1
pur¬
20,000
..
Alex.
Its
power
1946, to convert said shares into
Common
15,000
stock
at
Holders
below:
Preferred
company by other packers under specifications as to quality set forth
by the company, end sold under the Heinz label. The- company manu¬
factures no merchandise for sale under purchasers' private labels. '*
standards
made
Dr5,773,400 Dr5,773,400
Morgan Stanley & Co._—_
Baker, Watts & Co
;
Blyth & Co., Inc._
Raisins, Swerl (a synthetic detergent), and Magic Onions (deonions).
As part'of a policy for .expanding the hotel and
restaurant' division a few other products—orange juice, grapefruit
juice and canned fruits and vegetables—have been produced for the
San
offices and wholesale
company
has
called
of the sinking fund,
preferred
-Number of Shares-
Maid
a,
The
account
24,061,333
com¬
order to maintain sales volume began distribution of a few
produced by other manufacturers.
These now include Sun-
in
pany
small
a
in
of
Hydraulic Press Mfg. Co.—Partial Redemption—
$66,286,352 $82,677,845
-
While
^manufactured
from Dallas Rupe
Pancoast,
.
Briggs-Weaver
279.
p.
36,000,000
12,114,763'
_
(57,734
of
Briggs-Weaver company, which celebrated its 50th anniversary
is one of the oldest distributors of industrial machinery
machine shop,
a
257,600
36,00,000
_
in
Texas,
and
stock
common
banking firms had acquired Briggs-Weaver in 1944.
supplies in Texas.
tools, water works and
,25,000
_—
stock'-, (par *$109)——.._
stock
Dallas,
Robertson
Co., Inc.—Acquisition—
the
August,
466,996
25,000
$100)___
(par
of
purchased
and
1,750,000
■V
taxes_;._—________
stock
has
and
u
surplus
Common
.1,912,703
:
to
repairs
workmen's
future
cumul.
Common
Earned
1,912,703
Co.,
Dewar,
The
1,899,331
3,000,000
profit-sharing plan
in foreign invest¬
:
—
for
and
in
1,899,331
3,000,000
Li
Reserve
Machinery
after .'"
payable
corporation
Texas Investment
losses
—
for
equipment
4%
1,496,564
The
and
contingencies—;—
for
■
company
v; able.
:
their 'estates,
officers
_
for
Reserve
6,126,707
1,200,118
L__.
former
for
•
of tin-
the use
5,061,873
to
Reserve
discontinued production of a '
number
of varieties
such- as
cooked
macaroni,
chili con
carhe,
puddings
and
mincemeat.'
Production
of
other
varieties,
such as
baked beans and soups, has been limited by governmental regulations
which still continue.
The company expects to restore production of
discontinued and limited varieties as increased supplies become availduring
due
Reserve
England, one in Australia and an olive plant' in Spain.
A second
factory in England is expected to be in operation in the fall of 194Q.
3,955,011
—
liabilities——
or.
$2,500,000
3,345,964
-
year
Reserve
agricultural
pany's
liabilities
current
Other' liabilities,
company
$2,500,000
—■■
trade___
payable,
Accrued
under
Houston Oil Field Material
banks;.!,,
payable,
■Accounts
its subsidiaries are engaged principally in the
and- sale of an extensible line of food products.
packing
products processed by the company are all distributed
processing,
The food
LIABILITIES—
grandson of the founder' and Is the third generation
family to
company
'
the
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4533
"v.
2,319,333
;
' •■'
C /
6/238,732
2,317,894
7,664,012
2,828,289
i-V us
i&72
C&'&ubs.)—E^rn.
International Hydro-Electric System
1946—3 Mos.—1945
Pdriod End. June 30—
1946—6 Mds.--1945
Operating revenue
$22,593,036 $21,713,827 $45,672,168
Other income' (net)jaLiM.<. 682,571
561,012 ^=*1,225,391
?
Operating
Estate
~U3-
Operating
inclVl
expens.,
'»"purchased
than
Taxes* (other
t'^ome taxes)1'
;
9,274,982
8,346,325
18,434,597
17,402,585
1,440,948
3,000,437
2,798,121
-ft
—
J
In-
2,266,926
—ft—
-i
Intf. On funded debt and
t
ether debt of subs—j
debents.
on
m
.
.
,
ft
;
i
398,520 ft;:
—and
270,271
398,520
1
expense
257,646
WbUr? for
Tli?Si,:inc^ie'«nU-Ii •
profits taxes
1
1,686,711 "
.
"
_
„
„a„
•
1
•
debt.
disc,
and exp.,
„
nh007,350
4,509,356
3,463,490
The
SEC
i,
will
be
used
increase
to
ft 2*757
525,707
5,513
1,051,414
309,788
201,660
691,470
415*883
Operating
Operation
£;ot subsidiaries±iJiiiiifttfft,>178>448
190,473
385,752
384,490
—
full
164,
subsidiaries.—V.
Taxes
422.
p.
v7
.
15,164
res!^^abcrUaIs'»
Other
'
1946—12 Mos.—1945 7
$1,722,008
$1,575,312
817,591
728,545
f\
; 240,693
200,015
13,546
,
-7,992 "
"
.
.
,
.152,778
.
y18,750
^05,833
$423,357
$38,760
$32,745
income—net___i'
,121,616
,
9,166,V
>?
10,^4l6-
income-
oper.
Subs.)—Earnings—
$156,532
$135,168
78,213.
59,150
mT49,992',,14*544
_______________
Utility
1
'
(
.
..
.
1946—Month—1945
July 31—
revenues
Retirement
currently declared on preferred stocks of
basis not
accrual
capital.
working
Jamaica Public Service Ltd. (&
$l,l'33,44Tj,d£f.$185,52p
$4Q5,517 d6f.$8'4,025
income
net
Net loss
from
•».
Net
avail,
Net
$831,411
$719,411
261,039
199,252
160,984
2,518,320
204,799
167,990
ry.
income
-
—V}. 164, p. 1535.
ftft.ft
,•
$388,139
Dr206
10,806
Dr4,604
$434,163
w
deductions—Interest, 'etc.l_ll-l"—
1,651,838
103,169
Federal
Ground
for
'
,
ready
for
Power Co.—Files
In
Change in Plan—
amended the reorganization plan it has on file
Exchange Commission.
v'ft'iftft
consist of $19,400,000 of
'new first mortgage bonds and 3,000,000 ($3.50 par) common shares.
•The bonds are to be sold at competitive bidding.
»{i The
original plan filed in August* 1945,: called for $19,000,000 of
bonds and 3,000,000 shares, ($3.50 par) common.
■ ,ftft,ftftftftftft
ft" The revisea plan provides two possible methods of accomplishing the
Capitalization under the revised plan would
>*,
recapitalization.
for
calls
One
'.competitive bidding if,
in
of
sale
the
2,700,000
shares
common
opinion, this
directors'
would
at
would
publicly.
'<
proposal
other
The
sold
to
distributed
be
raise
-
1•
provides
This
new
common
proceeds
plus
from
be
/
'
*'
'
;
\
Syndicate
Sales—
■
.
r' Robert L. Smith,
has
■of
reported
that
Investors
Inc. and
of the companies.
its
*
three
"
General Sales
and
sales during the
issuing
companies,
"Funds,"
were
"
tl
of
model community
new
-
and
on land recently
the giant Willow Run
(Mich.)
first units are expected to be
Joseph W.
winter,
Prazer, President,
1954
(after
Manager,
month of August, 1946,
Investors Syndicate of
the best in the history
at
$10,000
and
certificates for Investors Syndicate of America,
Mutual,
Inc.,
$65,900 for Investors Selective Fund, Inc.
,lv
This
Jof
record
of
1945.
new
business
which
business
new
was
for
for
Inc. totaled
Aircraft
almost
these
Corp.,
West
Hartford,
-Files
Conn.
triples
the
amount
in
August,
companies
i-yy
investors
Syndicate is the principal underwriter and investment
manager for Investors Syndicate, of America, Inc., Investors Mutual,
Inc.; Investors Stock Fund, Inc., and Investors Selective Fund, Inc.
—V. 164, p. 423.
■"•■:
-.-.v
■
■
*.•,'••
Iowa Public Service
Operating
Operation
Co.—Earnings—
/"
/
revenues
Provision
—
—;
Ea^t
Palestine, 0«—Files
other
than
Federal
income
company
will
be
used
for
or
on
for
other
expansion
and
improvement
There
corporate purposes.
of
are
^J;iNet earnings
.
Other income—net
Gross
Int.
•
3r.CS
—
income
—
pharges, special charges and :other deduct.
..*
COoNet
,
•"
"v"
-
income
Dividends
686,128
underwriters.
End'.
1946—Month—1945
Sept. 30—
''•'»'
-
A
.
••_,.* .j-.'.j
.■ j.'-,
"■■■-
^
V wT ."i •.
.**•••'.• >:■
•
—
pfd. stocks
—
$1,269,945
43,508
$2,051,100
1,096,003
$1,318,453
$955,097
$650,858
334,902
•
662,595
304,186
18,546,932
Period End. Sept. 30—
^
"•.1"
^
^
^
Oper.
expenses
559,316
Other
—V.
164,
p.
650,910
1722.
$315,955
taxes
the company
■1
;• A
.•
-' A
77,712
•i'..
164, p.
stores in
operation,
as
1596.
Lane-Wells
A
.
loans
r
•
"
1946—Month—1945
1946—9 Mos.—1945
$4,064,894
$3,189,537 $33,177,834 $26,636,819
.
*
.
..
-
:
'
rehabilitate
to
\
*.
15-
:
>
•
p.
and
expand
2944.
..."
•
-
the
com¬
.ft
•'•ft
ft
•' * V-..
•
ft--
'■■;
28,764,000
1596.
;'y
-
.
" y
"ft
tion
for several years has maintained Its general offices
Exchange Building which has been acquired through purchase
the outstanding stock of the Exchange Realty Corp.—V. 164,
company
p.
1723.
the
(Ky.)—Weekly Output—
fbr Hhe week
company
kwh.,
with
compared
as
ended
Oct.
21,436,000 kwh.
34.2%—V. 164,
increase of
an
5,-1946.
for
the
1724.
p;
ft
the
of
.ft--.-,
"
ft
•
-
quarter
*'
ended
Sept. 30, 1946, deliveries by this corpora¬
approximately $1,960,029, which represents the highest
deliveries of light planes and parts in its
12-year
totaled
history,
according to L. H. P.
during
Klotz, President.
the month of September
also
were
than
firm's
wartime
production
of
military
planes and parts, and amounted to approximately $835,600, Mr. Klota
any
month
one
added.
The
of
;-ft
•■
week
line
:.;.ft:.::/
•>•.■
since
greater
the
ended Oct. 5
production
saw
:y
.••
the 2,000th SILVAIRE off
of Luscombe"s
V-J
Day.'
All
this
production
has
been
Dallas, Texas, in the company's new modern 100,000
square-foot plant located on a 700-acre plant and airport
site, where
than
at
1,200 persons
the
at
which
which
employed.
«
plant currently is
the
are
Production
of
announced
was
Luscombe
are
Luscombe
per day, most of
model SILVAIRE.
publicly
lightplanes
all-metal
and
foreign
through
Quarterly
markets.
system
a
popular
the
In
which
1947
Oct.
on
are
the
•»
*
all-metal
lightplanea
65-horsepower
model SILVAIRE Deluxe,
has also been started.
being distributed In both
5,
now
United
includes
ft "ft
-
-
.
.
15
two-place,
nearly
States
they are han¬
distributors and
500
delivery figures from the beginning of
follows:
as
:ftft,ftft
1944
' =*'.*t.:^x.v
/:/,ftft^/.:^ft:ft;.ftft;ft;-.;ftft:ftftftft
quarter
4th
$695,552
quarter-.
♦Includes
ft
1,960,029
claims
filed
in
and
subsequent
August,
1945
ft
$2,243,852
of
Lytton's,
949,619
964,101
1,176,451
<
ft Lytton's, Henry C. & Co.—August Sales—
Period End. Aug. 31— -ft ' 1946—Month—1945
1946—7
♦Sales
$928,708
2,338,275
202,929
164, p. 282.
♦Sales
its
"
,'
■
Mos.—1945
$1,513,759 $13,746,291
subsidiaries
are
*1,994,636
:ft
termination
date
1944ft-;
$1,928,511
1,613,777 '
—
to
?/•:);;.%ft
1945 ft
1946
-
—...
quarter
quarter
$8,504,458
licensed
and
departments, in¬
cluding those from the State Street ^tore in Chicago, stores in Evanstoa
and
Oak
ft The
not
Park,
111,,
and
Gary,
Ind.,
licensed
departments
in'stores
in.
sales of Young-Quinlan Co, of Minneapolis.
.ft
company has expanded its group insurance program to include
its employees and their dependents but also those of its
only
subsidiary firm, Young-Quinlan Co., of Minneapolis, Minn., Willard W.
Cole, Executive Vice-President, announced.
ft .... "'ft ft'
'
ft-ft.
"ft The plan is being underwritten
by the Metropolitan Life Insurance
Co.
on
basis
a
whereby
the employees contribute fixed amounts and
the balance of the entire cost is borne by the
employer.—V. 164, p. 1330.
Magnavox Co.—Annual Report Shows Current Sales
Ahead of Last Year—ft
Richard
A.
Aft
O'Connor, President, -in dealing with its operations
ended Feb. 20, 1946, said in substance:
for
the fiscal year
Total
sales for
the
year
amounted
to
$16,801,546,
as
compared
with
$28,052,006
during the preceding fiscal year.
The reduction in salea
primarily from the cancellation of government con¬
V-J Day and the time required to reconvert our
and procure materials for the resumption of civilian
pro¬
resulted
volume
tracts
following
began
Net
the
March
for, the
Feb.
*
for
vSales
Building, largest office building in El Dorado, Ark.,
has been purchased by the above company as part of a general ex¬
pansion program, Col. T. H. Barton, President, announced on Oct. 3.
.. "Expansion
in operations and growth-of the company necessitated
greater space, and it will modernize and otherwise adapt and im¬
prove the building to its uses as materials and labor become available,"
Col.-Barton said.
'
ft
?•>'.: ft-'
.
;•
M
the
925,804
$1,223,006
356,532
356,532
duction.
Building in El Dorado—
Exchange
all
932,377,
$1,720,607
.
For
facilities
Lion Oil Co.—Buys
The
78,469
$86,546
8,980
Expands Group Insurance for Employees—
1946—Month—1945
1946—9 Mos.—1945 : ft
$7,039,225
$6,969,426 $61,746,489 $58,544,289
-
of
$2,148,810
Luscombe Airplane Corp.—Has Record Plane Deliv¬
eries—
-'"A
ft.ftft:
Corp.—September Sales 1.0% Higher—
Period End. Sept. 30—
Sales
»,
$2,752,984
Electric Co.
&
of
six other Illinois cities; and
on
Lerner Stores
The
$165,015
65,177
output
months.—V.
>•
Co.—Places Loan Privately—A 3^%
and
company
164, p.
ftft/'ft :,;..64''
53
$186,601
Louisville Gas
totaled
3rd
Oct. 3 filed a letter of notification with the SEC
for 39,000 shares ($4 par) convertible class A stock and 19,500 shares
(10c par) common on behalf of the company and 19,000 shares of ($4
par) class A and 9,500 shares of the common on behalf of Carl C.
Langevin, President of the company.
Offering price, $5,125 a unit,
consisting of one share of class A stock and one-half share of common.
3,000 units are reserved for sale to certain officers and employees of
the company.
Underwriters, Hill, Thompson & Co., Inc., New York.
Proceeds will be used for payment of indebtedness
and to increase
working capital.
'
-ft
—V.
$2,139,824
164, p, 1330.
2nd
Sales Rose 27.4%—
Langevin Co. Inc., New York—Files With SEC—
; The
1,742,685
$2,715,612
37,372
$252,778
income
domestic
loan of $1,500,000 has been made to this company by
bank
2,178,040
$164,951
Dividends applicable to preferred stock
—V.
1st
Period End. Sept.30—
Sales
'**'
142,000
$252,725
,
dealers.
1596.
164, p.
■.
Gross Income
Int. & deducts.
Output
S, , '••.,•. !,
16,516,124 164,290,628 149,954,946
Lane Bryant, Inc.—September
—V.
.116,240
oper. revenuesIncome (net)
other
Mos.—1945
resr.
Appropriation
;
f 1946—12
$1,124,145 $13,570,986 $13,740,512
545,721
6,877,017
6,690,257
200,296
890,606
2,316,720
71,177
909,711
851,026
159,596
taxes
Propty. retirement
.
1946—Month—1945
1946—9 Mos.—1945
$11,195,755
$9,197,008 $99,945,449 $84,845,864
Sales
—V.
in
.C-r,fWRaiance 1
that
Co*—Earnings—
1946—Month—1945 >
$1,165,589
dled
918,380
:
_-_v
accrued on
announced
,
revenues
more
1946—9 Mos.—1945
fij
,(•■
663,331
367,178
*
2,
-if
Siboney Distilling Corp. and its brand names.
as
agent for the buyer In arranging the
Period End. July 31—
manufacturing
no
(S. II.) Kress & Co.—Sept. Sales 21.7% Higher-
2,954,737
$2,024,275
26,825
taxes__—__
Prov., for est. Fed. inc. and ex. profits taxes—
of
acted
Oper.
for
At Sept. 30,
1946ft the company had 699
against 708 a year before.—V, 164, p. 1596.
$6,834,278
335,567
692,315
depreciation
name
Brothers
Deliveries
-
Oct. 2 filed a letter of notification with the SEC
5,000 shares (no par) common.
Offering price, $10 a share.
Pro¬
>, 'j
1945
576,614
—
T
for
1946
$7,479,162
3,403,720
421,245
.
—
Maintenance
Taxes
31—
the
use
Louisiana Power & Light
•
12 Mos. End. Aug.
Oct.
on
corresponding week last year,
..
vyyy
■
Glass, President,
;;V"V
•
Acquisition
on
With SEC—
August, $3,150,780 for
Stock Fund, Inc., and
..)
(.
.
August
written
right to
Lehman
director
pany's equipment.—V. 162,
,
'vV — V:..I4
v
Siboney
Net
.P. Sales
'.Investors
?
-
distilled
below.
the Northwestern Mutual Life Insurance Co., it was an¬
nounced on Oct. 4. The proceeds will be used to retire
for the month of
$212,050 for Investors
*
to purchase the
physical assets and the Inventories
Distilling Corp.;- which include considerable quantities
spirits of various types. The Siboney concern Is owned
.by the Pennsylvania Sugar Co. which in turn is a
substidiary of the
National Sugar Refining Co. Included in the
purchase will be the
of
Net
owns
Treas-
-
contracted
the
quarterly
year
•
amount)
has
-
month-of August,"* disclosed Mr. Smith, "a total of
new business was
written by our national sales force
;to set a new all-time monthly record.
The best previous business
.month was in May of this year."" *
(face
S.
prior years"
profits
/
to
Kenmar Manufacturing Co.,
M
"During the
$20,629,227 in
$17,200,497
U.
of
Logansport Distilling, Co.,
Inc.-—Proposed;
dis¬
(S. S.) Kresge Co.—Sept. Sales Increased 12.3 %-~r
r,
of
$72,150;
refund
deeducting $17,700 redeemed and
canceled),
$232 300;
common
stock
(par value $1 per share), $325,801; paid-in
surplus,
$23,077; earned surplus, $204,675; deducting 61,775 shares of treasury
stock, at cost, £>r$86,485; total, $874,332.—V. 161, p. 2111.
Federal
2,500
company
Period
'
-
of
first
ranch-type houses
of
west
sale
Sales
-
- *
the
,
Record
-
gross
Syndicate's
America,
y
Vice-President
Jr.,
the
*!',£ vyi' i
of 300
"
of
Oct. 7 filed a letter of notification with the SEC
for 20,000 shares (no par) class A common and 10,000 shares (no par)
class B common.
Offering price, $10 a* share.
Proceeds will be used
to pay operating and research expenses in connection with the devel¬
opment of aircraft of all types.
There are no underwriters.
J J '•
stock be
the bond
(Minneapolis)—Reports
-
.
5-
f,_
.
mm
'
1946
LIABILITIES—Accounts payable, $36,452; note
payable (current ma¬
turity), $6,560; accrued liabilities (payroll, commissions, etc.), $27 671:
provision for'Federal taxes on income for 1945, $78,498;
notq'payable
to 1 bank
(non-current), $25,782; 6% 10-year debentures, due Nov. 1.
accomplished
Ogden Corp.'s investments in Interstate Power, and until a
plan for disposition of cash or escrowed shares is approved by the SEC
and by the court.—V. 164, p. 1722.
•'
construction
government
Vanderwende,
The
accorded
-
58,000
$13,863
(resulting from 1946 operating loss and
credit), $58,000;
inventories (at
cost
not
In
$80,194; estimated renegotiation rebate, $11,000;
prepaid expenses, $18,571; debt discount and expense (in
process of
amortization),. $21,206; property, plant and equipment (after reserves
for depreciation and amortization of
$242,000), $339,284; total, $874,332.
Employee
f
for
priced
corporation
ceeds
sale, would be used to retire present mortgage bonds at face value and
to add $2,000,000 to working capital. •
■
'
j
The rest of the new common under the second proposal would be
deposited in escrow pending determination of the treatment to be
Investors
for
period of 60 days after completion,
a
building
facilities
*
-
sufficient
that
amount,
$8,635,500.
this
with
offered
be
will
G.
for
which the rest of the, new
to the preferred stock held
rata
Plans
O."H-Vft--'
market),
Electric
following
pro
91,800
or has options on sufficient land to permit
employee homes * on the Westwillow site, said
of the project.
A shopping district,
schools and other community necessities are planned for the future
after erection of additional units is undertaken.—V. 164, p. 423.r.
.
.common
first
immediately,
occupancy
for
houses
'parent company, and to reimburse the company's treasury for construc¬
tion expenditures.
•. ftvftft?
.ft -ft ftftftft-'ft ft.1' '
-ft ft' ''ft'./' 'ft ft
Additional common wotlld be sold to permit paying off the 12,568
by Ogden,
for
September
company
accordance
II
The
the demand note and debentures owned by Ogden Corp.. the
preferred shares held
91,800
regulations
the Westwillow homes
company-er/ployed veterans of World
and project officials
say
they
believe that all of the units will be purchased by exservice employees before non-veteran
offers can be accepted.
The
provide
$18,610,500.
In such event the proceeds, together with funds obtained
'from the bond sale, would be used to pay off outstanding debt at par,
including
21,991
72,177
^With. SEOA-^ 'ftAA; A.A:
,
Securities and
iWith .the
26,957
21,991
:
"
income
on
excess
of
of
-
.
25,067
—
'
first
M.
has
;f; The .company
■
$278,740
-
80,416
—-w-i-
corporation.
closed.
Kaman
Interstate
in
the
the
begin
'
.
,
by
will
The
1946—Month—1945
1946—8 Mos.—1945
$3,235,842 $32,229,707 $27,429,590
,
'
-
will comprise Westwillow, a
this
of
Construction'of
acquired
plant
will
Sales Higher
which
employees
War
$4,192,376
—ft
1596.
$330,994 '
-
r
"D"—
and
Corp.—Discloses
broken
was
2,500 homes
the
_
$29,714-
,
9,232
K
taxes
unused
Housing Community— '
a
-ft I
.
Interstate Department Stores, Inc.-—Sept.
p.
$32,460
$62,631
,7.
:
profits credit-
BALANCE SHEET, JUNE 30,
104,794
ft!
164, p. 1722..
Kaiser-Frazer
quired during the term of such contract.—V. 164, p. 1329.
164,
excess
ASSETS—Cash, $148,927; accounts receivable,
,ury;j5a.vings notes,(at.,cost), $125,000; estimated
v
Argentine factory of . the I. T. & T. and its other subsidiaries,
including the Federal Telephone & Radio Corp. In the United States,
will
supply the Argentine telephone system with the equipment re¬
Period End. Sept. 30—
r ;7
■
purchase.-—V. ; 163, p. 3287.
the
^V.
8,839
"B"
"C"
—V..
technical
Sales
•
.
credit_Jl-l.^^L:/:^j^!.7^: V;y ^:;>
$71 863
Special credit representing estimated
reduction
in
prior :>"4p i.-'-'msfi
7:
years' Fed. taxes on inc. resulting from'
carryback of 1946 '
C: - v
$383,534
Common dividend paid—J. P. S. Ltd.
-Receives
10-year contracts provide that the I. T. & T. will continue as
advisers in the operation of the telephone system and that
Two
-"
,
the Argentine Congress.
by
ago
shares
shares
Unit—
changed hands on Oct. 3 at Nutley, N. J.,
Martin Drago of the Argentine Embassy,
Washington, D. C.,'handed the check to Col. Sosthenes Behn, Pres¬
ident of the International Telephone & Telegraph Corp., in fulfillment
of the contract by which
the Argentine Government acquires from
I. T, & T. ownership of the United River Plate Telephone Co., Ltd.
The company operates about 95% of the telephones of Argentina,
n The contracts
of the sale were negotiated and signed by Gen. Juan
peron, President of Argentina, and Colonel Behn and H. A. Arnold,
Vice-President of I. T. & T. in charge in South America, in Buenos
Aires several weeks ago and became effective following approval about
two weeks
.
Preference
Embassy
of
Counselor
\
Net loss before special
Samuel S.
for $94,991,364.42
A check
8,277
Preference
Telegraph Corp.-
;
$38,553
Preference Dividend Requirements:
J. P. S.. Co., Ltd.—Preference Shares__^_^
!;'ft ftftftft'ftyAftf'
Payment for Argentine Telephone
when
deductions.—_
Net income
1,962,135
;
-
.■,-ftftftA fft
J; International Telephone &
~
_
1,870,334
1,574,215
$40,738 ft
income
Income
$6,251,918
2,565,467
$7,303,649
277,471
revenues——•
from
rev.
Inc.
oper.
for fxd. chgs.
Ryftoper.,
Gross
1946—8 Mos.—1945
1946—Month—1945
Period End. Aug. 31—
:
r
Balance
Other
-
;35,365
$71,246
etc—^_•_•_•_
.
i
America—Earnings-
International Rys. of Central
313,148
(J\66,849
operatlon^___.:„__y
Other income—discounts,
excess
Period End.
Other chgs. against inc.
if£onsol.
162,455
l;
30 filed a letter of: notification with the
$4.50 cumulative preferred.
The company
Maintenance
subsidiaries
;
V ' $315.10fi
(al50. jntends.to .offer an aggregate of 400 shares of contmoPi.itu ai,few
key employees.
Offering price of preferred, $100 a share.
Proceeds
1,731,910
$344,115
<
;,
operating loss and unused
on
Sept.
shares of
2,500
■,•
549,906
$455,877
company
for
1946.
■
'
expense
(Irvin) & Co., Chicago—Files With SEC—
Jacobs
5,297,213
,4,098,050
L-__
Net loss
c
3,625,591
sales—
Administrative expense
.
134,210
& other deduct.
income
,856
k
I
' |l,027,'46T
476,673
7';
__l_
of
Selling
-V; 164, p., 1210.-
Jivs. .decld. tort.-pfd. andy»C.0S(
ftpn pfd. stks. of subs.i
M)A- int. in net inc. of
i"
.'Jbrri'r
•
debt
funded
30,
sales. —.U-.—^
Cost
■
601,300.551,600
.
'•« »<.•<'-
v
on
of
Net
3,669,848 ,3,487,070
ft-wftft
ortr, oft
-
■>
'4
-
$9831601
43,865
$1,030,335 '
36,425
—
nAn
515,417
1
■•'■
Amort,
c,e
540,409
,
income
Interest
797,040
797,040
ftftft
operating earnings
Other
598,663
480,000
Total net earnings
am
2,582,435
ink*, and; ex-ftd,;.'!.*.
ftc&B profita.itAXes
-
"
ft
>.■■•.
1,694,585
ft„
deprec. dhgd. ' •
against operations
1,803,964
eft
a
4,460,025 ft 4,525,029
2,256,991
ft ft" '*
Net'
'■■/•'iv.
4,373,90.7
4,546,023
2,182,664
Hydro-Electric System
•iiVmortiz. of debt disct,
(Canadian
'-
•
2,226,229
Int.
of
V"'.*v
:
•
•'
■
retirements
for
2,512,817
,,
585,125
profits taxes
excess
taxes
SIX MONTHS ENDED JUNE
,
Net
640,900
+ '4961000
and
income
2,843,123
^
Industries, Inc.-~Semi-Annual Report-—
ACCOUNT FOR
INCOME
.1945
530,550
and maintenance
expenses
and Fed.
/.•Other
Provision
"ft 1,593,397
power
Jtfairitenan co-
•1946V.';;v
.ft'.
'Gross operating .earnings"
$44,298^11
'1,1335,378
$23,275,667 $22,277,439 $46,897,558 $45,333,489
revenue
12 Mos. End. Aug. 31—
Uincolii.
Delaware—Earnings—
Iowa southern Utilities Co. of
;
>(.
t
ft \
■
f,H|' '
onday, October-14, 1946
FINAlJcrAL-CHRONICtE.
THE COMMERCIAL &
same
income
first
five
months
of
the
1, 1946, were $8,784,235
period in 1945..
after
all
Federal
and
current
.
fiscal
compared
as
"
_
State
which
$8,360,347
year,
with
taxes
for
the
year
ended
1946, was $430,748.
This amounted .to $1.03 for each share
stock.
In the preceding fiscal year our net income after
taxes was $626,738, which was equivalent to $1.50 per share;
of
28,
capital
The estimated earnings of $769,422 during the first five months of
the.current fiscal year is equivalent to $1,54.per share on the '500,000
shares of capital stock, which are now
outstanding.
During the ,/eax* ended Feb. 28, 1946 the company's working capital
increased by $670,864 to a total of $2,091,89 8.
%
ft!
ftftftft.
'"ft
$
t'.-r
.Volume 164
Number 4533
'•
i
Since
of
as
Feb.
28,
THE COMMERCIAL & FINANCIAL CHRONICLE
^'h
'">*
1946,
borrowings
have
reduced
been
by, $2,405,000
July
McGraw Electric Co.—Semi-Annual Report—
31.
Further reductions are anticipated as the company
unshipped balances on government contracts, which now
approximate $2,500,000 and concludes settlements of termination claims
which on July 31,
1946, represented approximately $1,212,000.
*
The company has been unable to
effect a complete settlement of'
Max
completes
Zk■
//":
*/'V•»
termination
$4
claims
because
i/-.0,1 June
I
continuing
1946,
final
in
20%..steck
a
,*
'V;"'
of
with
factured -under
government
•
contracts
28, 1945, and consequently no
.The company is of the opinion
r
the
renegotiation
1946.
the
fiscal
be
v,v.'
INCOME, PROFIT AND LOSS STATEMENT"
Ended Feb. 28— ?
>.?•'*. '
1946 J
■/:TK
Years
Net
sales
•Cost
goods
sold
and
general
administrative expenses
which
Net
of
$1,237,225
for
.Profit tor. the
Earned
Interest
from
,f
•:
y,
,/
surplus at beginning of year-
paid—50 cents
share_i
per
J
$430,747
3
_a.„_
-
-
discounts
purchases
on-
™
Earnings
$626,737
$1,735,698
208,389
$1,728,774
—
share
per
and
profits
State income
;
$1,527,309
$1.03
'
for
equipment,
depreciation
goodwill,
$1;
and
leaseholds,
deferred
charges,
Income
total,
*
U. S.
possible
order.
to
companies
arrange
However, they
position
in
always
are
possible.
as
is
near
as
1
♦
,
...
amounting
on
to 9
Sept. 26 declared
cents
to
5.
The
company
In
of
15
special
the
company
made
each
(including 10
April
of
75
16
and
cents
July
the
following
cents
16;
15,
and
10
in
5
cents,
Period End. Aug. 31—
Operating
Operating
cash
and
in
or
Oct.
class
expenses
$1,837,985
1,444,166
—
rev
($1
Tuxes
rents
Net rwy.
(Dr)„
oper.
income
held
given
be
to
year
B
The
well
as
stock.
$9,322;
patents,
trademarks
Rentals,
11,426,224
—V. 164,
early
the
profits taxes, $1,213,775;.
excess
$472,600; paid-in capital
Jan.
1,
1933, $4,295,971;
since
directors
the
of
in
December,
the
of
at
further
any
initial
consideration
for
which
taken
are
from
$245,000
A
small
sterling
exchange rates,
ratio
of
current
of
basis.
construction
to
be
this
dividend
cents each
unaudited
in
dividends
1947.
of
in
in
56,917
9,070
982,098
assets
to
and
has
not
the
contracts
be
the
contracts
United
from
true
of
this
is
to
3.04
year
are
,
and
1,
on
during
1946
31,212
300,770
105,430
147,610
1,018,439
$98,506
announced by
$464,210
the
profit
1945
of
fiscal
$4,742,640
the
year
after
and excess profits taxes.
these earnings were
but
plant
on
conditions
for
taxes
Earned
per
The
732,500
to
the
New
577,000
$1,155,450
share™_—
above
1946—9 Mos.—1945
$1,323,467
Net. income
earnings
York
Stock
$5,807,247
which
$4,862,200
1,985,600 ;
adjusted
to
-
$3,821,647
$0.20
minority
> ;
interest
Exchange.
was
$0.57
as
reported
$0.67
»
over
for
23
period
the
cents
Of
quarter ended
a
share,
1945.—V.
164,
Sept.
and
p.
30,
194£,
was
with
earnings
$1,116,707
559.
for
the
to
last
quarterly
paid
dividend
Sept.
15,
current
of
;j.:
.,.:'y;?-
per
share
the
on
$3.40
of
New
cumulative preferred
York
has
stock.—V.
been
Period End. Sept. 30—
Bales
Net
appointed
164, p.
the
of the
year.
$23,986,751.
*
1946
of
.
.
; 1945
J
as
split
up
the
J.
350,000 com¬
outstanding
tire "company
is
'
Roper
(President), Irving Seiden
(Secretary-Treasurer), .Abraham
'
stock,
value $4.—V. 147,
par
will be
submitted
to
stock¬
Nov. 6.
on
•
,
each share of present outstanding
will be exchanged for 2Va
shares
that
value
par
stock
common
special meeting
a
Eugene L. Norton, President,
the
and
American
completed
ince
common
of
2538.
p.
of
the
new
fuvq
Vera
apparently
similar
a
in
Sulphur
Oct. 8, announced that this company
on
Co,,
S.A.
(a
Mexican
corporation^
have
drilling of four important sulphur well; in the.Prov¬
Cruz, >New Mexico.
The wells have proved up what is
large
very
nature
to
deposit
new
the
dome
of salt
deposits
large
now
Coast of Texas and Louisiana.—V. 163, p.
being
sulphur, he added,
mined on the Gulf
1868.
v;
Michigan Consolidated Gas Co.—Proposed Acquisition
'•The company has applied to the SEC for permission to purchase
from the various stockholders of West Michigan Consumers Co. all of
,
;
stock
the
year
outstanding
of
stock
capital
stock
common
(no
of West Michigan consisting of 4,182
par) for the cash price of $358.68: per
Following the acquisition of
of West Michigan or substantially all bf
Consolidated will acquire the assets and assume
the liabilities of West Michigan, and West Michigan will be dissolved.
Michigan Consolidated has not contracted for the purchase of all
of the 4,182 shares of the outstanding capital stock of West Michi¬
gan, but that as of Sept. 5, 1946 Michigan*Consolidated has entered
into agreements with 44 stockholders of West Michigan for the Furchase of 3,994 shares of the capital stock of West Michigan at the
price of $358.68 per share, or an aggregate of $1,432,568.—V.'464,
p. 1724.
/.v:-.;-..
$51,520,715
such
1944 V
1943;,;
V$ ' ' ■
or
of
all
338,046,788*306,578,082»279,948,907*243,416.965
goods
Gross
profit
Special
Other
registrar
sold
286,274,669 259,875,622
233,644,203 .202,450,077
Total
Prov.
1,061,773
for
on
.
615,235
an
the
stock
capital
stock,
$1,500,000.
of
aggregate
Michigan
Michigan Consolidated Gas Co.—New
paid
$47,371,185 $41,922,457
*27,401,232 *24,798,189
500,000
250,000
182,405
426,088
on
V.
charges.
Pfd.
10,394,313
145,030
13,102,446
10,639,226
$5,021 ,756
~
560 ,597
$5,290,538:
293,988 :
1,682,726 !
$8,586,107 ' $4,742,640
profit
dividends
p.
1724.
•
v
.
600,000600,000
Common
dividends- _™2,691,880
Earnings
per- com.
sh.-.-
-
■
! $4v74
2,355,395 •*" 2,187 ,348
* '
;i
$2.46
—V.
Bank
National
preferred stock
164, p.
has
Stock—-
appointed registrar of the $1
and common stock, 25 centi^ par.
[*■;[" ■': • - .) -f-i;.-:
been
par,
no
1634.
Shoe Inc.—Current
Miles
Sales .38.7% Higher—
Rales'
-
* ~
$2,056,000
'
•Reflects
1944:';
ended
revised .accounting -classification.-
'Surplus
so as to be coniparable with
special ta*:credits,: $460,687: apd
30, 1944 and 1943, respectively;
1
§ Before
June
iltem
reclassification
Period—
•
i-v
year. ended June 30,.-
$254; ,311,
for
years
1.
_
Sept. 28,'45 Sept. 29,*45 Sept.
§$2.85
'
from Earned
>0
' Jan. 1 to
28/46 Sept. 29/45
$1,482,000 $13,671,000 $10,237,000
Jan'1 to
5 Weeks Ended
Period—
-
S$:2:75
-
Chase
cumulative
207,272
117,124
12,593,060
437,202 '
income..
The
161,144
668,316
<
.'.Net
164,
Midland Oil Corp.—Registrar for
de¬
on
retired
President—I
Henry Fink has been elected President to succeed to the officq made
vacant last February by the death of the late John W. Batten. Since
that time Mr. Fink has been serving as Executive Vice-PresidenV^
701,258
$33,416,220 *29,864,871
Contingencies
Miscellaneous
625,794
'
™
debentures^
taxes
/
$52,833,892 $47,317,695
expenses
bentures
Fed.
sale. $51,772,119 $46,702,460 $46,284,704 $40,966,888
1_i,„
460,687
254,311
income
Operating
Int.
on
credit™
tax
income
Premium
against 201
.
•
*nd
[ Mexican Gulf Sulphur Co.—Drilling Completed—
reported at
Current assets were $84,307,These compared with $80,161,-
'
to
without
share,
from
issue
will be used for expansion of operations in
of additional subsidiary companies in other
establishment
at
common
were^
'
/
-
common
quarter
to
.
1724.
199 stores in September, 1946,
September,- 1945,...y •
•New Director Elected-
on
final
authorized
.
sales
Cost
^
|
1946—Month—1945
1946—9 Mos.—1945
$6,377,529
$5,126,022 $55,411,106 $47,973,654
^The company operated
stores-in
the
in
$60,320,510
fiscal
y,
rMcCrory Stores Corp.—September Sales Rose
24.41%.;
_
'
share
per
cents
also
sales
is
proceeds
plan 'provides
stock
expanding activities
department Stores, Inc.—Registrar—
Guaranty Trust Co.
y
$28,640,309 respectively at the previous year end.,;.';:,
v
the
liquor
and
same
manufacturing frozen food
it has just beccme sole distributor in New York
City, Nassau
County and northern New Jersey for frozen fruits
put out by the
Pacific Grape Products
Co., of Modesto, Calif.—V. 164, p. 729.
for
The
CONSOLIDATED INCOME ACCOUNT FOR YEAR ENDED JUNE 30
products,
May
and the
current
previous
">Jl
fi '
^
Metropolitan Paving Brick Co.—Plans Split-Up—
A plan
1946, again exceeded those of
$338,046,788, an increase
the previous fiscal
year
drug sales showed a substan¬
close
liabilities
'
•
In order to facilitate its service to its customers,
branch offices in the business sections of New York.
SHARES—Corporation
York,
holders
common
and
the
■
V v'
'
.
agent, Manufacturers Trust Co.
(Vice-President), Murray Browndorff
L. Popper.—V. 164, p. 1330.
consolidated
net
for Federal income
271
of
\\
.
large cities and the purchase of profitable operating companies.
shares
to
rose
J
•
New
1946.
assets
;..^vVV
of the country's largest operators of warehouses for
perishable foodstuffs, was established in 1894.
Besides
warehouses for storage of perishable foodstuffs, company
shares
equiva¬
are
024
Maxson Food Systems, Inc.—Adds to Activities—
The corporation has given further
evidence of its
with the announcement
that, in addition to
The
year
cents
60
against 45
•
.
fiscal
-
of
i,OFFICERS AND DIRECTORS—A.
for preferred stock dividends,
$2.46
June 30,
$306,578,082.
the
■...
proceeds from the sale will
(par 20c).
There are presently issued
shares.
Of the remaining
193,000 shares,
making this offering of 93,000 shares.
company's history, totaling
10%
over
the sales for
over
no
157,000
$25,637,157
the
'
slightly
or
year
■;
Offered—An of¬
Co.—Stock
specific
mon
reported
company
provision of $12,593,060
After provision
fiscal
from
company,—
one
storage
CAPITAL
Jr., President, in
stockholders on Sept.
23.
or
amounted
increase
Net
$1,316,274
the
the
ended June 30,
yiyy
compares
estate and
an
it operates 10
1946—9 Mos —1945
larger than those of the previous year.
$3,264,200
Dividends received by Marine Midland
Corp., the parent company
only, during the first nine months of 1946 from its constituent banks
and trust
companies, plus its other income, less its expenses and
taxes
tial
1,598,000
for
in
year
$31,468,706,
A
3 :!
$0.23
are
of
resigned
that
,
1
<
Net sales
-
any
has
with
years
was incorporated in New York June 30, 1939.
objective of the company at the time of its organization
and at the present time, is to develop and expand its messenger andtruck delivery service business.
The major portion of its business is
the providing of immediate delivery service by messenger and motor
truck.
In addition to this, it does a small proportion of bulk distribu-
whether
William J. Murray,
to
of the Liquor
Vice-President of
at
the
annual
BUSINESS—Company
Increase(1..28.96 %■—
company's annual report mailed to
After
provision for preferred dividends,
these
lent to $4.74 per share on Ahe common stock.
In
Barnett
Mr.
V;:;
to the company.
Transfer
$3,711,730 $43,870,789 $27,202,432
the
•
I.-
charge
made
announced
twenty-eight
/:•//•
in
been
was
| stock.
Robbins, Inc.—Annual Report-
were
Oct.
on
after
j,
it
Mercury Messenger Corp.—Stock Offered—The copopany with offices at 461 4th Avenue, New York 16, N^Y.,
is offering at $2.70 per share 93,000 shares of common
,
profits taxes,
(Including constituent banks, trust companies, etc.)
-
at
Final audited earnings for the fiscal year ended June 30,
1946,
showing record consolidated net profit of $8,586,157 after all charges
including provision of $10,394,313 for Federal income and excess
$1,583,924
1,119,714
$51,578
'&
has
Corp.,
supplies refrigerated service to pipe line clients nearby.
The company
operates six plants with a total capacity of about 18,500,000 cubic
1946—8 Mos.—1945
1946—Month—1945
$4,786,736
McKesson
332,445
$1,116,945
Robbins
Vice-President
Robbins,
of
cost-
for
are
,•
-t. feet; two in New York City, one in Jersey City, one in Newark and
two in Buffalo.
Forty per cent of all pubUc cold storage facilities'in
the Port of New York is operated by the company.—V. 164, p. 1724.
—V. 164, p. 1634,
$1,251,479
$199,188
&
operating
"
$3,300,487 $29,199,775
Melville Shoe Corp.—-Sept. Sales
Period End. Sept. 30—
Sales
&
Distilling
meeting held
Company,
the
1634.
p.
1946—8 Mos.—1945
$5,658,429 $61,813,000 $43,143,820
r
tion and delivery work.
$3,684,046
164,
formerly
McKesson
PURPOSE—Net
:
Marine Midland Corp.—Earnings—
Provision
Barnett,
of
accrue
314.
1946—Month—1945
Sales
—V.
178,270
$1,732,450
H.
account of
estimated, profit
The
satisfactory,
of the work will depend
p.
'" -1946—Month—1945
,/.^y.
Merchants
The
Canada.
r
2,500 shares of class B (no par) stock was
made Oct. 7 by Hanson & Hanson. The stock was priced
at $18.50 per share. These shares are being sold for the
with
a
'
,
consider
we
completion
on
this
in
taken
States
work
:'
..
46.5%-*-
::>y
liabiities
,
in
realized
will
taken
; '
Merchants Distilling Corp.—New Vice-Pres. Elected—
fering
refunds
tax
'
■
.
:;'-1,:fv
in¬
included
been
-
.
current
•
Period End. Sept. 30—
>
174,773
213,611
1946—3 Mos.—1945
1634.
Merchants Refrigerating
y
this
do
-
■
,
f
v. 104, p. 1724
McLellan Stores Co*—Sept. Sales 11,6% Higher-*—
;
1,425,365
343,583
-; 28,913
$2,055,967
3287.
p.
McKesson
paid on the
profits
excess
London
,,
equivalent
profit
_
10,782,356
J™_.iy™_.n $92,153,102 $91,512,373 $87,724,013 <
Division
the
far
(So
have been
accounts
Canadian
of
balance
during construction.-~V. 163,
11,085,931
$77,294
Period End. Sept. 30—
2,000,000
15,000,000
30,283',65Q
4,806,058
8,995,110
4,806,058
16,076,633
$8,289,700
W.
considera¬
time
Stock.
Net
2,000,000
15,000,000
30,283,650
$2,069,105 in 1946 and $1,876,166 in 1945.
tAfter
$3,643,722 in 1946 and $3,681,585 in 1945.
JLess Treasury
notes, series C, of $4,518,107 in 1946 and $216,114 in 1945,—
164, p;
the
payment
to
as
Approximately 85%
1210.
p.
.
14,681,908
of
Period End. Sept. 30—
20,
three-fourths
$3,029,887
$816,175
J
3,246,435
33,134
150,000
13,131,322
150,000
.
30,283,650
!
4,806,058
July 1; 1941™
Sales
Dec.
approximately
us.
plus-fee
1946—8 Mos —1945
$167,976
int., etc.™„_-
income
7,421,756
2,000,000
15,000,000
less held in treas
reserves
163,
—v.
-
$182,724
-
3;270,461
-
Mercantile Stores Co., Inc.—Sept. Sales Up
working capital of $1,645,403.
Our dollar volume of
engineering and construction contracts taken
since Jan. 1, 1946 is now in excess of
$41,000,000, a large portion of
which has been taken during the third
quarter of this year. Inquiries
now
under
consideration
are
approximately as much more. Nearly
I'"- C->?''•!«;r?;'yy
9,979
incomer
>
'
-
value),
dividends of 75
On
foregoing
clude
stock
$2,355,467
$172,745
\<i'K
■
of
saving
V.
;
a
$254,876
36,277
16,172
(Br)™-
income
Gross
'
*Less
the company had. casi and accounts receivable of
$2,451,682. Current liabilities, consisting of accounts payable, sundry
payables, and taxes, including the balance payable in December on
1945 income and profits
taxes, and advances by customers for con¬
tracts in process, amounted to
$806,279.
<
'
on
1,527,316
168,625
Equipment
Joint fac. rents
->
.
35,554
surplus
reserve
"
and
par
meeting
be
As of Sept.
$1,782,192 $13,781,691 $14,115,818
$393,819
•
"
stock„„
pref.
Total
v:
"
21, last year, the company made a special
distribution of $1 per share, which brought dividends paid in 1945
up to $4 per snare,—Ed.)
total
27,
common
yv,;;vy
1946—Month—1945
revenues
operating
-Net
regular
four quarterly
year
right
extra)
cents
."Maine Central RR.—Earnings--*
other
'
indicated
A
option of the stockholder.—V, 164, p. 282.
Net
authorized
will
will
y The
the
distributions:
regular
Oct.
(the latter payable
-Hy-v/
-
have
next
current
all or part at asset value between Oct. 15 and Nov.
15.
dividends of 9 cents each and extraordinary dividends of
were paid
on Jan.
15, April 15 and July 15, this year.
cents
15,
at the
•"*
'
each
1945
Jan.
stock,
current
reinvest
Ordinary
5 cents
cum.
Earned surplus from
payable, $220,549; accrued salaries, wages
$230,770; general taxes and miscellaneous accruals,
tion
.
stockholders
$1.97
»
t
and
contingencies.
Capital
$930,942
LIABILITIES—Accounts
The
ordinary distribution (No. 33)
regular investment income and
that
announces
bond
Common stock,
$1,382,400), $1,406,323; development work—new products (to
dividends
share from
an
extraordinary distribution of 29 cents per share from realized
security
profits,
both
payable
Oct.
15
to
stockholders
of
record
Oct.
for
5V!t %
378,000
?-j
-
.
$13,059,911 $10,502,38^10,078; 10?
comm.," taxes
accrued
war
stockholders
an
per
V[v,
150,000
Res.
310,352
374,343
3,053,087
4,220,347
,
94,067
29,357
752,966
1
.
3,355,094
fj.
•.
.
■ v 1-
•
™
„•
100,867/
16,404
892,437 -v
>
,
liabilities, etc.„™
deps. of employees
645,000
y
L
payable
salaries,
other
v
(Arthur G.) McKee & Co.—Dividend Outlook—Status
—Robert E. Baker, Secretary, states:
Manhattan Bond Fund, Inc.~Extra Div. of 29 Cents—
The directors
' 5,677,373
4,178,816
716,977
"
-Divs. payable on $4 cumul. pfd. stk.
tRes. for Fd. inc. & exc. prof, taxes
*
not always
alphabetical
alphabetical
exact
~—
309,349
485,450
$92,153,102 $91,512,373 $87,724,013
Wages,
Government, securities,
$1,031,549; earned -surplus
total, $7,763,757.—V. 162, p. 3075.
$10,625,866.
it
reasons
48,057,259
_•>_-
'140,171.*.<
463,4254
"
LIABILITIES—
$1,953,942
$2.03
T:'3 BALANCE SHEET, JUNE 30; 1946
.
due
mechanical
(net):
19,159,936
48,646,998
100,00(T
18,753,333
Total
■
63,832
$960,605
(on preSeht 472,600 shares)'
surplus,
LIABILITIES—^Notes payable to banks, $6,125,000; accounts
payable,
$1,079,467; accrued wages, interest, etc., $174,832; accrued taxes, other
than Federal income
taxes, $56,134; reserve for Federal income and
excess profits taxes
(cubject to final determination by Governmental
taxing authorities), $622,658; reserve for
contingencies, $350,000; capital
stock (par value of $1
per share), $416,777; capital surplus, $72,224;
earned
surplus accumulated since May 29, 1940, $1,728,774;
total,
$10,625,866.—V. 164, p. 1724.
NOTE—-For
advances
i
Accounts
$1,890,110
4
;
/
22,360,283
* 50,515,342
inventories
j;r etc.
•
;
per share
common
of
$70,799;
•
!
20,000
and
commissions,
$298,543; Federal and State income
$1.50
improvements, etc. (after reserves
$841,931), $387,904; patents and
amortization
receiv., less res.-.
™™
.■!, 1Y
8,517,084
-
$1,570,605
590,000
taxes..:.
written off upon completion of
work),
and goodwill, $1; total, $7,763,757. ' . ...
ASSETS—Cash in banks and on hand, $552,706; accounts receivable
Cafter reserve for doubtful accounts of
$14,066), $4,950,706; inventories
at or below approximate cost
(after reserve of $25,000 for slow-moving
stock), $4,558,410; balance of development and tool
expenditures, etc.,
relative to United States Government
contracts, being amortized on
basis
of
deliveries,
$88,167;
miscellaneous
investments,
$17,172;
machinery,
:
78,897
tax™
be
'
SHEET, FEB. 28, 1946
accts.
„_™„
U.
'.
,___
for Federal
ciation of
*Including provision for depreciation and amortization aggregating
$188,960 and $240,287 for the years ended Feb. 28," 1945 and 1946,
respectively.
tApplicable to prior years $166,543, less related income
tax adjustments of (145,650.
BALANCE
V,.
\
1944
in,*'•.-
™
and
,
—
and
30
1945
,1946
'
tOperating properties
» 4,646,197
Equity : in leased property
107,667
Non-operating properties
,\r V 16,403
Deferred charges
1,895,161
Goodwill, trademarks, trade names//"'
$1,530,000;
receivables (after reserve for doutful receivables of
$78,731), $1,055,955;
inventories (priced at lower of cost or
market), $1,543,021; prepaid
insurance, supplies, etc., $63,900; cash-surrender value of life insur¬
ance, $75,736; property, plant and equipment (after reserves for depre¬
20.891
Earned surplus at end of year
^
™™™„„
ASSETS—Cash, $2,079,499;
1,108,961
.
$1,958,056
/ : 208,389
!___
hand,
Investments and
' j?# r.V^'.
30
-—:
$1,491,708
y,
operations
excess
Earnings
; 1,519,000
1,527,309
-
Total —-—j::
Dividends
JUNE
7,994,246
received,
Federal
237,000
500,000
c-
ond
>
U. S. war savings bonds—Series Q
Excess profits taxes™-„™™™™_™' v
Other assets* t'net}_u;.™™„™_™™
i
large backlog
<
" '
»■?;
175,000
,
what
and
Merchandise
.
not
;
,
in..banks,
•Notes
1946
"
1945
'yji
$9,485,954 $10,407,194
administrative and f
Total income
$2,552,246
169,509
-
—u-.—.
.
sold, general,
miscellaneous
.
ENDED
'y-iV.'f ;/
t.- y-
-
4,404
taxes
year_^_n.:.:.
V,
are
a
r
transit'$11:291,475 $13,041,084 $10,982,566
Neither
V
i
M-aX'/
expenses
Income
$2,547,842
$1,245,498
139,751
:
Federal income
.■/://■
v.."./.;
Net
„__j_
expense
Provision
-.if':?:
items./,;.;;
goods
selling
;
8,273
Provision tor. excess profits takes..
AQfi higher
were
war business.
sales.™
Cost
■
.
Cash
..
Provision
"
———,.™__
year
:/ ASSETS—
.
period in 1941, but owing to lag in price
INCOME ACCOUNT FOR-12 MONTHS
™™-™™
Balance
Total
this
CONDENSED CONSOLIDATED BALANCE SHEET JUNE
,
;
.
Miscellaneous income
Interest
of
*
.
•
<-*.<•;
-■
.
were
>
-^
selling,
same
,
profit rate, before, taxes, is somewhat reduced.
essential
1
' 1945
$16,801,546 $28,052,006.
and
T"**
15,564.321 - 25,504,164
-L™I™™™™.,™™™
of
most
28,
--
first six months
.
shipment.
}vi:.
.
in part:
accepted for delivery at prices in effect at time
Owing to conditions beyond our control we are not in a
position to predict when deliveries - will start on new products.
The
same is true of several items in our
prewar line, on which we are not
yet in production.
We are at present concentrating on producing the
required,
Feb.
orders
of
'
■
said
.
of
ended
year-
required.;
was
that no refund will
operations lor the fiscal year ended
of
'.-v
■'>'/■?•■
during
refund
the
.
figures.
'*
paid to stockholders
was
the
"Deliveries in this period of unprecedented demand
they should be due to shortages of materials. • We have
which
same
President,
for
period included any substantial amount of
products
war
the
increases
and inventory
dividend
Feb.
M
production
connection
cost
billed
than those billed for the
dividends totaling 50 cents per share
have been paid so far in the current fiscal
year.
The payment of a
further..dividend.in .this fiscal year may be justified provided earningscontinue at the present high /levels. / l,:?'v.v
v, ;.■>
v
The Navy Price Adjustment Board has ruled that no excessive
Profits were realized by the
company on the sale of equipment manu--
,
if
1,
of
McGraw,
"Sales
;
record-as of May 4, 1946. Cash
%':YJ
of
and required engineering changes
<iela3red the termination
187 3
i.J-
—V.
•
-
Feb; 1 to
S^ot. 28/46
^v
Feb:ltd
Sept. 29/45'
$12.636.000$9,535,000'
Sales
164^
P- 1635.
'
:
"
"
•
'
r
•
1874
[THE COMMERCIAL & FINANCIAL CHRONICLE
Minneapolis & St. Louis Ry,—Earnings
August—
Gross
1946
from
railway.......
Net from railway——/
Net ry, oper. income—
1944
$1,325,635
'262,501
270,780
93,654
142,818
railway—.
9,072/584
railway—
,303,419
*244,039
10,180,281
2,304,558
.
Whitman Co,
which also controls Arlington Mills.
'The
purchase will expand Arlington's activities in the yarn-field by adding
fine French spun yam and
will permit mare effective
integration , of operations than is possible with the two associated'
mills under separate ownership.
("American Wool and Cotton Re¬
porter.")—V. 151, p. 2653.
1
William
1945
$1,361,530
1943
$1,395,708
444,276
■
146,101
,
i
from
from
ry.
income
oper.
.♦Deficit,—V. 164, p. 1330.
,
10,115,809
2,759,453
1,179,675
1,031.797
'
,
.
i
9,584,317
Montgomery Ward & Co., Inc.—Sept. Sales Increased?
Period End. Sept. 30—
3,098,800
1946—Month—1945
;
:P
/-'!/'
/ V/ V/"^V'■/
National Distillers Products Corp.—Extra Dividend—
2,376,379
'
Sales
Mississippi. Central RR.-—Earnings—
August—
Gross
1946
from
from
railway—./
1945
94,005,156
—
The
55,173,586 632,786,864 414,140,057
.1943 -;'i
$187,472
$152,193
56,679
"61,510
*28,012
23497
26,987
Gross
Net
from
railway....
railway
from
Net ry. oper. income
♦Deficit.—V. 164, p. 1330.
1,329*741
446,765
190,687
1,470,692
560,988
1,156,666
432,424
254,229
200,458
*
Mississippi Power Co.—/EarningsPeriod End. Aug. 31—
Gross revenue
1946—Month—1945
$555,977
223,568
42,167
1946—12 Mos.—1945
$522,908
expenses-:.--
Prov. for depreciation..
216,292
34,750
Operating
Amort,
of
plant
inc
excess.!
and
135,328
<!
137,263
Int.
income
debt
P
,
Net
premium
'
Other
$148,480
deductions
'■■■•■ ' ■ •
income
/.! 273,352
Cr353
,,Cr357
Cr767
436
.
$127,012 ;
.
,
..Balance
,275,971
11.1,553
$1,221,533
&
'
Period End. July 31—
$522,501
;;;
$41,643
<
$888,226
expenses
91,472
Other
62,265
taxes
Property retirement reserve
appropriation-!
Net oper. revenuesOther income ——
-
;
:
/ $127,521
7
income
.
Int.
on
$127,528
mtg, bonds
Other int.
/
;
1946—12 Mos. —1945
•
61,000
763,000
$69,789
1,271
$2,335,274
.
10,903
$2,343,132
$65,699
366,683
11,534
"3,308
$12,278
.
$1,627,545
Other
.
July 1, 44
July 3, '43 ^
$15,255,112 $17,890,322 $16,492,242 $18,461,018
exp^., etc.
13,241,938
3,6,283,027. : 14,332,710
operations.
$2,013,174
$1,602,295
income .(net)—
Total
17»123;
income
35,410
$2,030,297
•Fed. income tax
(est.).
{790,000
,
$2,159,532
.
16,287,187
$2-173,831
' 65,648
99,496
$2,225,180
$2,273,327
1,558,375
1,487,500
.
$1,637,705
1,000,000
Net' profit
—...
$1,240,297
531,000
—
—
Surplus
Shares
cap.
$637,705.
,
1946
4945
$6,035
■
.
Net
these
shares
:
will
$106,705
like
30
amount
dividend of 25 cents per share !
to
holders
was
record Oct. 15.
April 30, last,
of
made
on
income
QUARTER ENDED AUG. 31,
•
-
1946
sales—o$3$12,42T
net
after
taxes
share
and
1—
reserves
—
^
.
937
682 '
■
Earned per share
?
shares
per
on
outstanding
*—
.
stock
■
243,660
$1.0.1
.
/ Charles L. Gerli, President, added, that although current sales were /
a pace comparable to that attained In the first quarter
the company's fiscal year, the uncertainty of general conditioned
made it impossible to forecast accurately either sales or earnings for'
of
future months.—V. 164, p. 11.
National
■
''
Mines & Metals
,
Corp.;
Seattle—Files? > -Witli"
/SECfe/:/P
filed a letter of notification with the SEO
for 2,500 production debentures and 50,000 shares (5c par)
capital
stock.
Offering price, $100 each debenture. A bonus of 100 shares ~
capital stock will accompany each production debenture.
Proceeds
will be used for exploration, development and equipment to be used
The
.
company
on
Oct. 3
corporation elects,
as
>
National Pressurr CookerO©.—Transfer Agent—
be
The
Chemical
Bank
transfer agent for
1944
*
4943
&
Trust
Co.
has
appointed
been
New
Yorlfi
(he common stock,—V. 164, p. >lp87.
National Shirt Shops, Inc.—Sept. Sales
1942
1
(000's omitted)
Profit bef. Fed. inc. taxes
814
~
-651
$254
$8,121
;
1,079 /1,364
863
1,091
•
$162
$216 "
•/Period End. Sept. 30—
1946—Month—1945
Sales—$822,115
$690,997
$5,898;
t
833
498
$7,229
>
$272,"
Higher—
1946—9 ^Jos.—1945
$9,945,511 $6,831,795
—V. 163, p. 2011.
National Sugar .Refining Co.—Sale of Unit—
$334
•"'See
(99,990)
'
$2.55 $1.64
$2.16
$2.73
$3.35
DIVIDENDS-Tf-Dividends were paid at the rate of $6 per share on
old $10Q par common stock and the old 6%
($100 par)' partici¬
pating preferred stock from 1939 on except in. 1945 when $7.50
;/;pW.$har.e/tvas-/paid/oif;,bb£h,
*
t,
7 '
'•
•
' The present common stock is on a $1 annual dividend basis pay¬
able quarterly Sept. 30 to holders of record on Sept. 14, etc.—V. 164, '.
p. 1635, ->
<
Logansport
Distilling COi.
*
^
ahove.—V.163, p. 2584.
National Vulcanized Fibre Co.-Fartial
the
Hedemptiohr-*;
for redemption on Nov. 14, next, $75,0C0 of
sinking fund debentures due Oct. 1, 1960, at 103 and
interest. Payment
will be made at The Marine Midland Trust Co.
of New York, trustee, 12Q Broadway, New York, N. Y.—V.163, p. 3289,
The company has called
15-year 4 %%
,
-
(
Neisner Brothers, Inc*—Sept. Sales Up
(G. C.) Murphy Co.—Sept. Sales Increased 15.41%—.
•
$785,827
531,000
$135,805
531,000
$709,297
stock
$666,805
531,000:
of
RESULTS FOR
Consolidated
'
Dividends
distribution
a
Oct.
YEARS ENDING. JAN. 2
<$7,427
!
sales
/"Net profit -1*
June 30, '46 June 30, '45
—
on
from the sale of
the company.
-EARNINGS,
,
-
Mohawk Carpet Mills, Inc.—Earnings—
Profit
proceeds
:
$1,433,244
24 declared
payable
was. folio wed by a similar payment on July 30.
'
general funds. of
Fed. inc. & exc. prof. tax.
6 Mos. Ended—
Cost -of sales,
the
to
;
^
*—V. 164, p. 559.
Net sales
in
>; PURPOSE—The
475,000
340,587
stock,
continuing at
Net
Net income
which
Sept.
on
capital
initial
(Texas)—Rauscher, Pierce & Co.,
common;;
directors
the
on
An
Co.
Corp^—Div^-rEarnings-^h
National Mailinson Fabrics
The
.
BUSINESS—Company, established in Dallas in 1885
in Texas in 1894, -is one oX the most important
Texas
and
the Southwest
in
the fabrication of steel
$2,274,927
375,000
508
company on Oct. 2 filed a letter of notification with the SEC
82,000 .shares ($1 par) common.
Offering price, $1 a share.will be used to purchase a 7/s interest.in land located in La
Flore County, Okla., and in drilling five wells to determine existence
/of gas .and. oil .lh commercial quantities. No underwriter named.
*
Earnings
added
27,332'
.
1,050
The
'
Proceeds
there seems to be nothing for us to
attention upon the arbitration proceedings."
<
$2,264,024
7,858
31,250
30,597
(Cr)
our
.
buildings and industrial plants, including structural steel, plate
work/ concrete reinforcing bars and miscellaneous and ornamental iron
Also included among the items currently
manufactured are:
butane and propane storage tanks for residential service and bulk/
and truck storage tanks for the storage and transmission of lowpressure ;gd,ses.
*, 1
'
Company maintains plants at .Dallas, Rroustonr and ' Tyler, Addi¬
tionally, sales offices are maintained at San Antonio and Lubbock. /
Approximately 700 persons are employed.
-•
'
' "
v
CAPITALIZATION—The preferred stock previously
outstanding in the amount of $365,300 was retired early this year.
Subsequently
the capital structure was rearranged with the result that V/2 hew
common
shares
(par $20)
were
issued in exchange for each old
share of $100 par stock.
As of July 31, 1946 the common stock
authorized and outstanding amounted to 99,990 shares (par $20).
■'////
Company, subsequent to July 31, 1946, authorized an additional'/:
4,000 shares of
common
stock
($20
par),
which will bring the
total
authorized and
outstanding stock td 103,990 shares..
-732,000
$71,060
31,250
& deducts.
Int. chg. to constr.
•"*
—_
neither
Colorado Springs, Colo.—
for
work.
'
Gross
prepared to recommend either
*/>'--/.
!■;••
r /S
plan would be acceptable to the company/
National Gas & Oil Corp.,
—Files With SEC—
for
"
74,000
was
asserted.
incorporated
concerns
,
$798,591 $11,754,406 $10,949,898
453,889
6,523,570
5,825,212
155,093
1,374,264
1,392,543
^ 736,119
58,820
758,298
532,968
Federal taxes
-Deal-
.
circumstance,
Steel
~
Light Co.—Earnings—
1946—Month—1945
'
revenues
.
per .share
common
HISTORY AND
163,168
.
Cr4,274
1725.
I* Mississippi Power
164, p. 10.
and
$685,669
120,594
$1,100,939
,
10,050
$116,962
—V. 164, p.
y
Dallas, Tex., on Oct. 7 offered 4,000 shares of
stock (par $20) at $26 per share.
,$911,622
./ Cr4,315
Cr45,703
..
.
$51,693
10,049
that
the
"in
! Mosher
,
•'
——
pref. Stks. /:,
on
—•V.
47,478
$1,502,164
22,807
•///:;.
that
he
offers,
but to concentrate
do
on
———
Dividends
Oper.
Oper.
$74,579
22,589
long-term debt.
on
Amort.- of
above
declared
:He
and
1,066,699
: 643,738.
641,445
—
.'
61,959
taxes
..profits taxes ——__j
Gross
the
of
477,217
607,873
698,351
The. Commission indicated it
basis.
2,924,906
,;v
4,500
;
,
$6,071,659
Ac¬
i
quisition adjustments:
adjustments..
General taxes
ixes
—_1
Fed.
$6,275,867
2,349,701
476,333
& Power Consolidated
.
Efforts of a stockholders' committee to arrange urchase of this com¬
shares by the Quebec Hydro-Electric Commission have been;/
unsuccessful, the company has announced.
J. S. Norris, President, in. a letter being prepared for stockholders,
states that two
plans were proposed by the Commission, both of
which he termed
"inadequate."
One plan provided cash purchase at the rate of $22.50 a share.
.-The second plan provided that the Commission would pay stock¬
holders $1 a year for five years and thereafter 75 cents a year a
share.
The stock would be redeemable by the Commission at any
time after five years,' at $22.§0 a share.
Mr. Norris emphasized that no firm offers had been made on that,*
•
-
Light "Heat
pany's
From Jan. 1—
on Sept.
26 declared a regular quarterly dividend of /
and an extra dividend of 25 cents per share, oa ;
stock, both payable Nov. 1 to holders of record Oct, 11.The stockholders,pn July 2, last, approved a three-for-one split-up of
the commop stock/ which became effective Aug. 1, 1946.
/!/''',!■•/
The dividends just declared are equivalent to 75 cents quarterly
and 75
cents .extra on the stock outstanding prior , to the split-up,
which amounts were paid on Aug. 1, 1946.
A quarterly of 75 centswas paid on May 1, last, and one of 50 cents on Feb. 1, 1946.—V. 164,
pV 729.
'■
v:-:
7!'
the
/ Falls Through—
56,760
25*912
896,409
177,243
34,566
income..!
$178,819
directors
cents
25
Montreal
r -1944 '
\
$4.1,321
*17,444
railway.:
Net ry.- oper.
'
\ /
;
////; ■■■/:
1946—8 Mos.—1945
,
;/-^JM ;'P-r
Net
Redemptypn—
(
Gross
Net
-National Container Corp.—Partial
The corporation has called for redemption on Nov. 6, .next, through operation of the sinking fpnd, $214,000 of 5% 15-year sinking fund
debentures due April 1,
1959, at 106 J/a and interest.
Payment will
be made at The Marine Midland Trust Co. of New York, trustee, 12Q
Brqadway, New York, N. Y.—V. 164, p. 1725.
<
"
.
Monomac's
$1,276,337
429,476
317,339
From Jan. 1—
Net
Monday, October 14,1945
$254,827
Period End.
,
1946—Month—1945
1946—9 Mos.—1945
Sales
$7,804,155
$6,761,902 $73,575,901 $64,964,940
The company in September,
1946, had 209 stores in operation, as
against ,208 ia the same month last year,—Y. 164, p. 1635!
Period End. Sept. 30—
out¬
—V.
16.58%—
1946—9 Mosl—1945 1 v
$2,845,332 $30,175,284 $26,078,818 ;
1946—Month—1945
Sept. 30—
sales
Net
$3,317,115
1635.
164, p.
_
,
standing ($25 par).—
Earnings per share.*--
•Including
excess
531,000
$2.34
profits
531,000
$1.20
tax
'
531,000
' $1.25
531,000
National
$148
of
$675,000 (net postwar. refund of
(net postwar refund of $135,375) in 1944
$75,000) in 1945, $1,218,375
and $1,265,000 (net postwar refund
of
$126,500)
in
New England Gas & Electric
Casket
Co.,
Inc,—Annual
ferred Stock Reduced—
Statement—^Pre¬
13,814,581
above
M. Tuttle, President, on Sept. 20 stated in part as follows:
Exercising the company's right under its certificate of incorporation
Howard
1943.
the week ended Oct. 4, this Association reports electric output
kwh. This is an increase of 1,022,367 kwh, or 7.99%
production of 12,792,214 kwh, for the corresponding week .a year
For
of
-
Association—Output—
^ ^:i.
'"Z1
r/Vr-'-V
Gas output in the Oct. 4 week is reported at 135,912,000 cu. ft,, an
the directors called 15% of the outstanding
increase of 12$22,000 cu. ft., or 10.15% above production of 123,390,- /
/ preferred shares, amounting to 8,568 shares, for redemption and re- /
000 cu. ft, in the corresponding week a year ago.
■
•*
tirement on Dec. 31, 1945, at $111.75 per share.
The certificate of
For the month ended Sept. 30, 1946, the Association reports electric
incorporation was then amended to give effect to the redemption and
account receivable—trade (less
reserves),. $1,656,225; accounts receiv¬
output of 58,887,018 kwh.
This is an increase of 6,231,397 kwh.,
retirement by reducing the number of authorized shares, and reducing
able—other
(less reserve), $114,157;
or 11.83%
above production of 52,655,621 kwh. for the corresponding /
inventories, $16,061,968; notes
the stated capital by the amount thereof represented by, the retired
receivable—-non-current, less reserve, $106,902; investments, $116,144;
month a year ago.
"
,
"
r
shares, i.e., $50 per share, or an aggregate reduction of $428,400. The
Gas output for September,
1946, is reported at 523,162,000 cubic,,
5=K£expenses (incl- inventory of repair parts, etc., of $179,603),
balance of the redemption price, amounting to $61.75 per share and-,;
feet, an increase of 65,775.000 cubic feet, or 14.38% above production ^
#*'•.«pIant and equipment (after reserve for depreciation
aggregating $529,074, was charged to earned surplus.OX $10,524,228), $4,624,147;
\ , v
r
total, $25,315,416.
'
of 457,387,000 cubic feet in the corresponding month a year ago.
An invitation for tenders was sent to all preferred stockholders on ;
^.LIABILITIES—Notes payable—bank, $1,000,000; accounts payableSept. -6, 1945, and 2,752 shares of preferred stock were purchased at /
CONSOLIDATED INCOME ACCOUNT
trade, $1383,758; accounts payable—other, $133,980; Federal taxes on
a~ total cost of $301,624. | Included with the call for 15%
of the pre¬
12 Months Ended June 30—
*
1946 - •
1945 ferred stock on Dec. 31, 1945 was an "invitation for tendera of preferred
fien^o.$reserves against future
'
'
'
°thF accrued taxes, $362,361; other accruals,
1 Total operating revenues
$450,778,
*1**!
$20,529,449 $19,681,880
decline in inventory prices. $1,520 000'
stock at $110 per share.
465 shares were received on this tender at
other reserves
Total Operating expenses •
16,079,843 -15,599,528
$700,000; capital stock (par $20), $11,000,000;
a total cost of $51,150.
capital
The total nf 3,217 shares thus purchased at a V;
surplus, $424,113; earned surplus, $7,216,709; shares of
stock in treasury
cost of $352,774 are held in the treasury.
—-at cost (19,000
"Operating income$4,449*605 $4,082,360,*
shs;), Dr$236,531; total. $25,315,416,—V. .163, p. 1570.
As a result of the redemption and, purchases of preferred stock in
"Othersincome
197,05$ • ■: ; 160,054
the fiscal year ended June 30, 1946 the amount of preferred stock in«
1
the hands of the public was.»reduced from 57*133 shares as of June
Monongahela Ry. -EarningsNet inccme
$4,646,659 $4,242,415
30, 1945 to 45,347 shares as of June 30, 1946..
/ Other
-■August
/
'■ ■» V/
1946
deductions 'from income—subsidiaries!- '■
394,810
-• 40276S
1945
1944
1943 /
Gleason Board Co., a sWhoily/owned subsidiary, was liquidated as. of
Gross from railway____
New England Gas & Electric Association-—
1,929,249
1,936,700 .
$568,776 ' $510,710
$561,515
$610,605
June .30, 1946/ Previous to the Var, there had been;,a steadily dimin- '/
Net .from railway
272,305
242,430
286,625
363,462
Wishing market for its products and it was being operated at a loss.
Net ry. -oper. income
$2,322,599 .$1,903,001 .
;Net income
147,719
84,302
99,079
Its activities were discontinued during the war.
175,928
Prov. for Fed. inc. taxes (Sep. Co. return basis).
2,194,860
•From Jan. 1—
:
1,783,072/..
CONSOLIDATED INCOME ACCOUNT FOR YEARS ENDED JUNE 30
Gross; from -railway./—
.3,733,233
4,070,662
4,545,685
4,468,119
Net income
*
■
$127,'739$119,920*.
Net .from railway—/*
/•■■•r-1946
-1945
1944
1943
1,605.120
1,977,196
2,380,695
2,484,123
017,969
,942,330
♦Gross earnings ///
$1,524,388
$1,733,982
$1,713,667; $1,028*221 > * Consolidated return.
Net; ry. bper. income—_
697,911
752,915
923,255
■; "■
-■
1,,024,596
/* ^"/
—r-r-u. : ^
Res. for Fed. tax?S-->- „
—-V. .164, p. 1330. '
768,126
,1,031785: 1,100,928
494,363
Balance to surplus
*
—
. $1,145,709- $1,062,259
;
—V. ,164, p; 172$
Net earnings
* $756,262
$702*197
$612,739
$533i838
•/-;///•.:/;/;",''/,^
Montana Po/tyer ;Co.—Earnings—
Preferred dividends
338,851
399,924
399,924 i
457,056
sFeriod End- July 31
1946—Month—1945
Common
1946—12 Mos.—1945
dividends
126,066
94,549
63,033
.'1,516
,;
New England Lime Co.^Initial Common Dividend-^,
Oper. revenues
$1,375,667
Earns, per co.m. share—
$1,301,157 $17,941,027 $19,012,791
:
$6.62
' $4.79 '' : " ' $3.37
' ■ $2.12
Oper./expenses
Wipes Out Arrearages on Preferred Stock—^10,000 De-.
-387,004
401,290
4,964*796
4,976,857
federal taxes
♦After depreciation of—
252,342
308,961
213,514
249,960
239,721
—/ bentures to be Redeemed—
997,475
4,525,086
Other taxes
138.,631
128449
1,767,504
1,654,228
CONSOLIDATED BALANCE SHEET, JUNE 30
A dividend of 25 cents per -share on the 69,622 shares of common /
Property retirement &
ASSETS—
stock, the first in -the firm's 21-year history, will be paid Dec. 15/tp v
1946
1945
1944
1943
depletion res. appr'n.
125,000 ,v
125,000
1,500,000
1,692,457
holders of record Nov. ,15,
•"
r«:
- ••■•••■
Land, bldgs.& eqp. (net)
Amort, of limited-term
$3,277,993
$3,332,157
$3,544,978 $3,822,249
The company also will pay a dividend of $21 per share, Which . in¬
Inventory
^
investments
:
2,965,063
3,186,843
3,322,594
2,593,970.
2*252
,1,609
2,252
cludes all: accumulation,, on. the . small...number. of . outstanding 6har,ea «
Accts. «& notes receiv.—
Amort/ of util.
1,431,270
1,244,331
1,311,050
1,605,840
plant
••
a"
•<
of $3 preferred (nor;-assented) stock on Jan. 1, 1947, to/holders, of
Cash
2,097,942
2,717,109
-2,252,830
2,203,527
acquisition adjust.
7,649
5,464
7,649
record Nov. 15.
U. S, securities-'
1,341*533
1,710,355
1,600,355
1.0,82*561
The company, which in addition to its regular .plant in Adams,v
Refund of excess profits
Net oper. revenues
;
$472,690
$327,056
$8,704,179
$6,244,262.
tax (est.)
Mass., conducted operations at a $2,500,000 government-built plantOther income (net)
63,200
63,200
3,521
24,493
358,517
193,112*
in Canaan, Conn., during the war, is calling, for redemption on Jan. *
Patents, goodwill, trade1, 1947, at par and accrued interest $10,000 of its 25-year 2%-6% marks, etc,
•
Gross income
1,549,681 • 1,549,681
1,549,680
1,609,681
$476,211
$351,549
$9,062,696
$6,437,374
debentures, due Jan. 1, 1966. Such additional interest as shall sub¬
Int. on mtg.. bonds
95,833
145,419
1,333,419
1,770,127
Total
sequently be determined,to have accrued by reason of earnings during
Other int. & deducts...
$12,663,482 $13,803,676 $13,644,690 $12,917,829
1,186,
29,546
*2,816,262
676,654
1946 will be paid July 1, 1947, to holders of redeemed bonds, (Official
LIABILITIES—
notice will be given in accordance with indenture provisions.—V. 163, V
t Capital stock
Net income
$5,626,909 |$6,055,309 t$6,055,309 *$6,055,309
$379,192
$176,584
$4,913,015
$3,991,093
p. 1.869.
'
' ■ '
'/. ; .
Accounts payable —w—
■ /
459,499
317,131
296,726 326,211
to redeem preferred shares,
CONDENSED BALANCE SHEET, JUNE
30, 1946
. '
.ASSETS—Cash in banks and on hand,
$1,685,596; marketable secur¬
ities—U. S.
Treasury notes—at current redemption value, $445,981;
■
.
,
,
.
,
—
,
.
.
.
"
,
.
.
•
-
,
'■
-
_...
*
•
'
,
.
'
"
.
...
t
—
,
,,.
A
-
L
„
—
—
—
.
_
—
___
—
-
-
.
^-Vni64dep a2101rtlzation
vi
™
Monomac Spinning Co., Lawrence, Mass.—Sold—
This
company
has
been
acquired
by Arlington
Mills,
of Lawrence,
Mass, and will hereafter be operated as the latter's Monomac
Spinning,
Mill Division.
There will be no change in the management.- Owner-1
fihip of the Monomac has previously been with the selling
agents,
Reserve
for
Reserve
for
Surplus
taxes-w^conting—-
,
———-——*-
768,126
1,031,785
250,000.
6,149,451
250,000
5,558,348
1,100,928
250,000
5,941,727
',
494,363
250*000
5791,946
'
New-England Power Association—"Weekly Output— y
The'Association reports number of kilowatt hours for the week
ended
Total
$12,663,482 $13,803,676 $13,644,690 $12,917,829
•Represented by 45,347 preferred shares and 63,033 common shares.
^Represented by 57,133 shares preferred afcpck and 63,034 shares Com¬
mon stock.—V. 162, p. 2821".'
'•"*
' '
'
* :
.
week
The
Oct. 5, 1946,"as $7,286,882, compared with 62,588,694 for the
ended Oct. .6, 1945; an increase of 7.51%.'
I,
.comparable .figure for the week ended Sept. 28; 1946 was
67,593,602,
year
.
an
increase of 9.79% oyer the corresponding
../' /■• '
.////,. • ■ !f'/ /
5
week last
' ' •/'/,■/
4
[Volume 164
4
J.i
THE COMMERCIAL & FINANCIAL CHRONICLE
CONSOLIDATED INCOME ACCOUNT
,
,
G
Number 4533
Months Ended
Gross operating
'Other ..'income
June
30—
Total
gross
Operating
_
Federal
taxes
3,501.300
™__
Total interest and other
charges—;.
,
____
the
and
$8,223,890
Ffd.
dividends
On
"\i
*
of
England
Power
Assoc.-—
_
service
,
The
,
.......
Cdnsolidated balance —!
V—V. 164, p. 1726.
-
.
v
New Idea,
See
.
Aviation
$1,145,671
_
Inc.—Proposed Consolidation—
Corp.
above.—V.
162,
2186.
p.
Court
Period End. June 30—
.
Total operating
'■•>///•*.';
'
•
-
$6,101,939
$6,010,253
1,152,691
1,241,764
2,421,281
<het^
Associated
.
Trovr
!
C0S._..__
Cr340,0l8
0290,804
602,270
0755,175
1,114,489
425,818
421,257
214,078
deprec,
plant
Inc.
U
_™
for
Utility
Fed.
235,234
——.* 220,969
„
____
220,192
250,600
191,700
chased
282,894
Gross
income
_
$740,653
.
-Total inc. -deductions--.
Net income
income
$602,602
_
.
|
Raiahco
surplus.-.
petition
•Resulting irom deduction,
amortisation
organized
which
charges
in
January
deductions
are
in
(
due
$I,301r387
at noon.—V.
$r,439,634
no
par)
$1,161,320;
total,
emergency
1945
Fed.
vtiig
1
69,824
75,970
,
.
in
VlbUUvviUilu}
charges
January,
$1,317,516
Federal
Other
l
■
surplus
Operating
Operating
-taxes
l
$0.58
$0.67
and
eligible
Net
company's
stock
1
stock
preferred
revenues
$1,245,789;
•
on
652,212
1,835,722
3,318,182
294,500
294,500
$267,620
3,731,523
89,068
282,480
income
;
$147,791 :v $175,511
Dividends applic. to pfd. stock for ;period_
$2,454,080
1,062,444
& Net
'Balance
a-
*~V.
'
Period End. Aug.
: .:>Gross income
-
J*U. S.
$7,234,290
income taxes^w^u
363,828
funds
341,498
2,875,496
Balance
917,239
5,065,707
650,146
3,068,269
83,333
559,583
Reserved
to
•
425,000
idalso
an
a
credit
unusued
accrual
carryback to
accrual
excess
of
Per
$566,813
of
$2,508,686
$400,000 for
1945
1943, $137,703.—V. 164,
income
p.
partial
carryback
and
$8,409,927
adjustment
from
1946
excess
to
profits
1944,
163,
a
credit
in
New York New
Period End. Aug. 31—
News
Shipbuilding
Va.,
the
at
a
cost
of
Department
be
in
for
of
State
for
this
been
of
dam
installed
&
'
1946—8
the
in
Interior
the
for
Grand
Total
Total
,fNet
•!
$
14,456,010
10,562,331
84,586,964
^677,383
12,578,327
revenues™
13,324.620
expenses
11,418,726
oper.
* Deficit.
toperating
accrued
income^
tNet
railway
railroads
and
620,513f
unpaid
operating
whose
real
leases
estate
1,197,963
income
have
taxes
been
on
Old
*
*
i
includes
rejected.
CQlony
the
results
Also
to
of
includes
properties;
Staff
also
to
'
Washington.
awarded
and
to
;
.This
the
three
will
on
cost
The
other
324,490
of
Oct.
&
21
of
securities
own
has
Corp.),
for
of
3b—
profit
Oct.
more
of
$5.48
SEC
is
capacity
anticipated
Dunnell,
in
years, .Northeastern as¬
to vote 10% or more
public
24
V
;
7
the
to
of
Dam
for
30
Iowa,
from
Minnesota
Also
planned
and
is
an
feet
day
to 407,000,000
cubic
feet
to
during
1947-1948.
Additional
facilities
of
line
north
of
Clifton,
Kans.t
per
at
Sunray, Texas, of 1,800 horsepower,
horsepower.
Compressor additions at;
3,200
Nebraska
additions
and
proposed
will
Iowa
total
150
total
miles
34,200
of
24,
20
2276.
p.
Co.—Earnings—
June 30—
'
,
1946
1945
;i_—
$2,797,312
$2,557,189
&—,
550,277
535,717
841,338
revenues.
for
resale
800,748
—
—___.
depreciation
income
per¬
extending
system
$12,667,000.
for
company's
stations
purchased
of
*
139,073
167,212
228,000
222,000
———
utility
taxes.
plant—
169,500
97,500
147,471
139,049
$701,653
$594,964
——
taxes
vi Operating
Total other
—,—;*
:
income
Income—____"_™____
i.'.
58,399
1,057
$760,052
order
under
on
than
income
$596,021
in
each,
in
recommended
at
share
share
that
r
Federal-income
153,288 j
-
;
taxes—
$347,437
11,500
•Resulting from
deductions
in
60,500
$618,264
surplus
$407,937
consolidated returns,
ized
brings to
of which
248,584
$606,764
amortization charges on securities of former indirect
in Jan., 1946, under Chapter X of the
the
for interest and
(reorgan¬
parents
Bankruptcy
•deductions
are
'parents.—V.
longer
no
164,
p.
available
II.
due
j:--.
construction.
to
the
Act), whicb
reorganization of such
/•
Northern States Power Co.
Electric
1946
7,481
Step
94,130
1,255
$7,160,000
$9,285,000
2,690,000
2,821,000
'
197,000
It
the
of
time
of
the
North
Oct.
5, 1946,
for the
$4,624,000
$2.06
is
announced
the
Securities
or
recapitalization
cogent"
subscribe
Electric
American
1727.
to
be
*
has
solely
Illuminating Co.,
common
the
company
-■
has
completed construction of
Keene, N. H.,'from the Kafelt
recently acquired at
Corp. and is already in production of
cutlery.
Products
include
several
types
stockholders
voted
Sept. 30 to change the
1,000,000 shares of common stock from
par
no
4
value' of
par
to
$10
the
per1
share and on reducing the stated
capital represented by the outstanding
$7,351,463 to $5,438,700, the difference
capital surplus to be made available for
dividends or for the purchase of the company's stock,
together with
present earned surplus.
The proxy statement, however, stated that
'the company has no present intention of using capital surplus thus
(created for any such purpose.
:
The stockholders also approved a proposal to eliminate the charter
•provision which fixes maximum indebtedness of the company at $5,000,000
The proxy statement said that
the management contemplates
•543,870
and
investment
limited
Operation—
Northwest Airlines, Inc.—Par Value Changed—
of
plan
reason
that
factory
new
manicure
Approve Plan—
asked
its
p.
a new
line of
of
nail
files,
tweezers, purshers, scissors, nail clippers and nippers,—V. 161, p. 2224.
1,630,000
warrants
Cleveland
ended
Manufacturing
210,000
comprising fractional shares of its
Cleveland, Wisconsin, St. Louis and
that
for the week
'
1,355
$1.46
of
company
Northam Warren Corp.—New Plant in
•
$3,270,000
A
of this
15,295
92,384
again
output
(Del.)—Weekly Output—:
49,896,000 kwh., as compared with 44,649,000 kwh.
corresponding week last year,- an increase of 11.8% .—V. 164,
;
..1945
.
located
each
_™_:
■
0totaled
I*
l__
approve
days within
deductions^™;_i_2i__™__™
income
Balance
;
pi
company
$6
___—1:1
Income
Gross
Net
165,000
..
one-fifth
staff
*
Commission
Nebraska,
at
•
•; -.•//»•,?»
Power
expenses
for
holding
or
the
Oklahoma,. Kansas,
line
utility
$12,667,000 Additions
pipeline
Kansas,
demands
Loop
declaring
'r *
its
estimated
of
Minn.,
operating
The
subsidiaries
company
Oklahoma,
to
(for¬
company
order
power
any
Federal
the
additions
of
an
»
recent
with
/"/">«-
applied, -to
Cost
342,117
>-
in
hold
or
application
an
Electric
holding company.
now
$392,182
Co.—Hearing Oct. 21—
on
Water
sales
not
$734,299
>
•
consider
a
305,950
$835,103
342,117
P.j
325,000,000: cubic
Electricity
award
1,003,000
Commission
Sept.
729,868
$1,040,240
charges.
-
make
in
'Provision
Co.—
The
company,
are
Mines/Xtd.r—Earnings-r--
filed
not
497,500
595,305
balance
through
Operating
3289.i
purchase
the
and
Dakota.
Federal
Washington, D. C.
In its findings
rejecting this part of the plan, the SEC Public Utility
97,961,538 119,150 075
,
at
operating
83,829,582
oper.
oper.
ry.
$
income-
$67,496,917
turbines
Coulee
its present form.
units,
Mos.—1945'
$
on
'
*
Dock
Dry
company stated that no "meritorious
advanced against it.
The plan calls for common stockholders
to
RR.—Earnings— T
®
384,970
821,797
■
*
.
.
net
*
848,441
income™
Northern Pennsylvania Power
-
taxes
-
3,426,287
425,972
Federal
V. 12 Months Ended
768,941
:£
p.
1945
$6,900,673
_i__
horsepower.
$376,259
approximately $2,000,000.
installed
the
^
1946—Month—1945
1946
$7,403,992
jtand 18 inches in Nebraska, Iowa and Minnesota.—V. 162,
$1,145,201
„
The
Haven & Hartford
30—
3,877,178
3141.
to
stations
3,059
$7,600,073 $74,061,282
been
fj
Lighting Properties (& Subs.)— Earnings
June
'
have
brief
Exchange
1088.
15,025,151
include:; compressor
and
1946—Month—19451946—9 Mos.—1945
share
In
15,132,652
-
Pipeline System—
increase
!
756,803
North American Co.—Asks SEC to
of
2,093,037
does
authorized
profits credit
adjustment
it
South
2,227,010
,
units
Estimated
..
3,224,896
result
a
>Texas-
.-/'v
surplus——$1,654,395
"Represents
Estimated
1945
$259,395
V•:'/
■
533,961
1,550,000
497,500
Company
$1,142,142
of 'employees
(average)
production and miscellaneous Income
Cost of metal production and
other expenses.Reserved for depreciation—
8,834,927
82,917
•->-,
to
total,
$1,014,020
2,178
Metal
■
661,212
than
p.
mission
$3,369,152
Number
1,977,973
transferable
$7,494,096;
$3,398,140
2,384,119
•
—'
each 4o
total
'
16,632,510
1,385,642
Northern Natural Gas Co.—Plans
(in¬
cycle
construction
1946 '
..
—
Months Ended June
•
18,517,600
1,408,488
Maintenance
by
turbines
—V.
■a
for
of
f
(& Subs.)—Earnings-
Copper production from Horne Mine (tons)
productions from Horne Mines (ounces)
2,859,384
12,325,374
approp.^.
years
J™™$1,016,198
—„—...i;
River
Noranda
1946—8 Mos.—1945
1,885,090
17,179,506
2,344,489
of the outstanding voting securities
company.—V. 164,- p. .1727.
equipment
prioi*
reserve
1941,
Gold
1,737,312
income
As
v
369,547
2,271,365
Earnings
SEC
Total
—V. 164, p. 957.
$6,464,105 $47,453,493 $63,090,018
Cr937,703
2,991,000
Cr53 7,703
Net
the
$1,746,915
14,908,141
268,408
75,689
Northeastern
serted
$2,116,462
369,546
-
-1946—Month—1945
■Other railway taxes....:
Net ry. oper. income
i.
-iBipking
made
six
2,076,081
175,762
it has ceased to be
Newberry Co.—Sept. Sales Increased 13.0%—
'horsepower
.
31—
May 31,
—
News,
,.;Columbia
252,834
• -
3,244,859
iff.
Northeastern Water
.i>at) ,; '$2l,294,455;
aid
in
taxes———-™—
$8,589,481
Newport
12
1,211,351
8,912,401
10,442,463
Cr874,552 Cr6,134,331 Cr6,321,473
Dr9,832
Drl38,500
Drl31,426
D)18,»07
dividends
"■Reduction
New Yurk Chicago & St. Louis Rlt
—Earnings—
j
contributions
164, p. 1635.
was
2,466,208
;■: 0 797,558
79,355
taxes
163,
The
It was announced on Oct. 8 that this
company-was-successful bidder
three
hydraulic turbines to
be
constructed
at
its
shipyard at
1,239,909
$2,084,534
i
164, p. 730.-V
—V.
on
3,534,000
$3,799,004— $3,609;205
!>■■■■■■ 3,041
deducs™
31,376,821
$492,986
^Total
CrlO.OOO
88,490
&
41,819,284
15,328,259
'
plant 'and
——___
Newport
Contract—
3,189,115
$265,076
mtge. -bonds.:
int.
property,
—
Period End. Sejpt; 30—"
6,200,453
265,033
28,795
Other
24,240,660
costs
Preferred
.
"W-v
.
60,715,047
3,722,412
2,511,061
172,912
interest
Other
inc.—Earnings
2,600,000
income
102,534,331
debt
Consolidated
•;
■from
deductions
income
.*••
•,.
.
Gross
of
1
and
expenses
(J. J.)
—v;
1946—8 Mos.—1945
84,497,061
60,256,401
parents
Bankruptcy ;
(par
$iC0),
$12,000,000;
premium
stock,
$102,000;
long-term
debt,
(depreciation)
in
the
of
income___
other
Total
illvvl Cuv
the
date.
no
plan
funds-ap.
res.
Gross
merly
shares-
the
$1,159,594
-
—V. 163, p. 3141.
'
477,903
appro.
f
\
-Int.
(48,484
unappropriated—since
income
Income
plan
274,724
res.
1U1
indirect
of
1946
total, $134i424,632,
earnings
Total
,
75,000
225,000
depletion and other
under
'Chgs. In lieu of inc. taxes
Prop, retire,
X
Other income
1946—Month—1945
1946—12 Mos.—1945
$2,636,973
$2,611,258 $31,315,044 $30,360,409
1,324,770
1,131,893 -16,030,613
13,837,636
taxes
1 vuU*
former
not available after that
are
Sales
,
of
Chapter
Year Ended June 30—
Net
employees
Of. special compensation.—-V. 163, p. 2730.:
exps.
vUlJDU*lvl(t ICU
under
which
program
in
7,414,022
$5,449,580
taxes
reserve
a
sought
-Month— 1945
3,477,163,
funded
on
Months Ended
meet
$1,350,969
$0.69
______
* After deducting costs, taxes, depreciation
Period End. Aug. 31—
vllv
securities
New York Water Service Corp.
$1,650,969
New Orleans Public Service
111
on
1946
$4,803,280
the
11,136,434
-
Maintenance
$134,424,632.—V. 162, p. 2821.
$1,364,707
276,136 '
286,262
$1,143,543
6
Taxes,
(non-refundable), $1,290,718; capital surplus, $7,864,065; earned sur¬
plus, appropriated for construction and/or bond
acquisition, $8,700,000;
$1,325,379
presented
on
earned
109,538
$1,602,516
'
75,000
210,000
,tRes. for addl. wages and salaries—
all
$4,302,580
Cr425,000 Crl,147,000
$i;i47;o87
of
Commission
-August Earnings-
1946
income
Federal
$1,055,989
the
232,304
164, p. 1726.
Total
1,848,962
$4,378,280
$14,455,987; reserve for-Federal income taxes for
cluding $91,869 deposited in
escrow),
$970,098;
36,638
contingenbies—250,000
Oper. income avail, for divs—__
Earns, per share on 1,960,000 shs.__
$916,987
two
Blue
13,408,620
incomei
North Boston
■t
$6,151,543
1,875,411
had
objective
Depreciation
cumulative
retirement
$1,852,951
342,069
$1,393,543
revenues
436,881
13,367
$i;767,087
344,129
96,579
$i;007,132
386,411
"4 Total income
Reserves for
Operating
Operating
$1,353,869
accounts
payable,
$1,070,283; - customers'
deposits,
accrued, $2,224,693; interest accrued, $463,453; divi¬
preferred'stock, accrued but not declared, $51,000; other
—current:-;and accrued liabilities,
$224,401; deferred credits, $1,153,359;
1,00.947
94,581
...
tTo
"
-68,525
,
Operating income
.Other income -™™™——
..
V
104,011
debits, $1,650,432;
$433,234;
staff
-
...
Balance Of
$53,337,000;
1944
$1,490,642
388,929
,
operating- expenses.
18,108
amount
with
filed
apprn's
—V.
income
ii win
5.10%
on
$1,738,638
expenses.
lion-recurring losses
\
3,834
XilABHiiTlES—Common
5.10%
serial
preferred
;
$26,713,890.—V.
$1,621,294
™
rev.
&
Misc.
3,238,778
.1,547
substantial
a
brief
a
'
Sinkg.
$6,047,531
479,918
change-over expenses,
'71,511
-General and admin, expenses
War
3,359,200
$6,253,692.
own
in
identical
income..-
Total
$1,236,789; special deposits, $19,578; accounts receivable;
$1,81.9,656;
materials and supplies,
$2,071,818; prepayments, $288,784;
dends
1946
—
the
the
fac. rents' (net)
2,242,117
$6,235,583
to
164, p. 1726.
Net ry. oper.
hand,
on
$1,350,605
,.
<
2,756,411
1,832,000
822,710
deducts.
amortization
deferred
$4,000,000;
(The) New Jersey ^Zinc Co.—Earnings—
'
Joint
ASSETS—Property, plant and equip, (inch intangibles), $126,622,832;
Property, plant and equipment, (including
intangibles), $126,622,832;
investments, $507,873; special funds, $206,869; cash in banks and on
r
Bales of by-products—
Misc. other operating Income
that
Ry. oper. income
Equip, rents (net) ™_
>
3,154,367
-
510,000
and
Co.' and
Light
5,294,550
-
BALANCE SHEET JUNE 30,
.
—
633,758
Corp.
&
8,114,070
Corp.—Earnings—
Cr230,100
xvvuvii
and
capital
^—
known
2,828,342
1946—12 Mos.—1945
Electric
Power
stock.
1212.
$l,350i035
,
par), $3,000,600; premium
first mortgage bonds, 3%
3 Months Ended June 30—
companies
made
Hincks,
861,970
V
1,
'Total
704,148
410,000
(net)__
and
($100
•Bales
three
attains
oper.
Interest
Act), which deductions
1946
stock
surplus,
164, p.
States
Cities
Norfolk & Western Ry.-
Balance transferred to
for interest and
indirect parents
(re¬
of the Bankruptcy Act),
(87,500 i shares
$356,113; .earned
of'.Central
American
Period End. Aug. 31—
Ry.
Other
taxes
return,
SHEET, JUNE 30,
u164, p. 1087.
V
income
"■Reduction
liabilities, $8,513; deferred credits, $317,872;
reserves, $7,561,390;
'—contributions in aid of construction
(nonrefundable), $107,386;
surplus,
C.
-
company.
common
was
brief. said
Operating
stock, $8,370;
series,
1974, $9,000,000; 'accounts payable, $282,880; dividend
1, 1946,' $30,000; customers' deposits,
$173,604;
taxes
$558,067; interest accrued, $147,576; other current and ac¬
crued
Carroll
$1,535,908
July
accrued,
Approval—
company's divestment plan, recommended
Exchange Commission's utility staff, are accep¬
are
All
trustees.—V.
$8,114,447 $33,962,458 $32,787,582
2,658,600
10,155,902
9,885,621
2,583,743
taxes-.:—.™-——
Total
Commis-
•
The
2,090,159
former
stock
preferred
Judge
by
2,421,561
(reorganized
preferred
March
payable
(
set
$1,534,360
$1,350,034
326,100
.
the
of
of
A
trustees
Corp.
substance
unit
retirement-
inc.
orders"
In this the three companies
suggested only minor qualifications
to the staff's recommendations,
chiefly a shortening of the period for
exercising warrants to purchase subsidiary stocks.
■
and gas pur¬
-
cumulative
cumulative
-
been
$8,461,640
expenses.™-
Total other
appointment of
Oct. 9.
s-:
::
each
577,003
$432,316; cash in banks and on hand, $922,275;
special
deposits, $83,850; United States Government obligations, at
cost, $1,900,000; accounts receivable, $492;529; interest
receivable, $1,466; rents
-receivable,
$8,133;
materials
and
supplies,
$265,537;
prepayments,
:$36,457; deferred debits, $23,969; total,. $28,713,890.
*%
Y.,
-type,
682,332
0215,700
of
the
and
affiliates
approval
6,526,962
under Chapter X
longer available in view of the reorganization
i LIABILrHES—Common
N.
three-unit
8
freight
via the
6,803,843
Other
$1,535,178
14,855
ASSETS-—Utility plant, ■ at original-cost, $22,542,547; investments
fund accounts,
•
Maybrook,
the
1946—3 Mos.—1945
revenues
for
seek
suggestion of appointment of a
American has shown no lack of
.
.
Part
to
American
The
the
for
in
use
Ridge
(deprec.) of property,
080,500
consolidated
to
North
$1,223,934
1946
no
BALANCE
"
of
Judge, for Oct. 18, 1946,
♦
$1,220,887
$729,725
securities
on
Of such parents.
-.
has
plant and equip
Federal income taxes—1
Cr86,500
$602,602
;
the Securities
table
horsepower
367,100
$643,225
_
lor
Oct.
on
$6,500,000
locomotives
Conn.,., and
be
will
$1,055,989
—.—
;
.
Plan Gets Trustee
Diesel-
1,562,339
,
.
approximately
of
1,685,085
Prov.
544,654 :
$1,492,633
271,746
Federal
taxes
-;
Amendments
by
oper¬
v
418,435
-
$1,473,774
18,858
$783,615
140,389
138,051
—_.i™_
•Reduction- in
•
$774,564
;9,05l
9,419
,
railway
Maintenance 1_"•—
429,844
558,173
$731,233
__
net
a
for resale—.™
592,211
438,677
424,900
283,995
taxes._______
oper.
•
•-
this
to
the
improper, "since North
in complying with the divestment
switchers.
on
Operating
Electricity
Cr420,805
of
-Operating income
-(Other income tnct)—*.
r-W-
spend
Haven,
Period End. June 30—
Total
:
.'Overtaxes
;
to
Diesel-electric
New York State Electric & Gas
;
power
others
Maintenance
•
System had
2,543,634
)
■
New
1,500
Commission
held
as
diligence
Sion.
of
1946—12 Mos.—1945
$3,076,803
interchange
trustee
remainder
income
already third largest owner
the railroads of the country,
among
additional
a
U. S. District
$3,127,820
''
.
Haven
Bridge.
by
Hearing
revs.—
&
:>
1946—6 Mos.—i945
the
V-type Diesel engine. They will be
-capable of operation either as 4,500 horsepower triple,
units, 3,000
horsepov/er double units or 1,500 horsepower single units.
The New Haven, which
put its first road-service Diesel locomotives
•in service in Dec., 1941, a
few, days after Pearl Harbor, at present has
sixty 2,000 horsepower road locomotives in
operation, as well as 110
Oyer, expenses
power & gas purchased
^
and
operating
the
company.
the company
affiliates of the latter
Railroad,
locomotives
new
''powered
$1,004,916
New Jersey Power & Light
Co.—Earnings—
-
New
authority
15
Deisel-electric
I1;
the
power
between
Poughkeepsie
12,934
■-
railway
the
brief,
'
of
Haven
motive
purchase of
,»
1,312,914
1,969,371
19,388
..
i.
New
-requested
'
:
-
c
,
remainder
electric
$3,134,430' £2,330,765
New
preferred shares,
dividend preferred shares
On $2
f
'•
o%
$341,000
was
net
a
Asks Court Approval of Diesel Locomotive Purchase—
>
•
.dividends
•.
r
;
deficit
had
System
the staff asked
for
Its
These
5,893,124
Consol. bal. before New
England Power Assoc.
estimated
ating income of $4,457,617.-
The
•
the
Haven
In
For'the first eight months, of 1946, it is estimated that the Old
Colony operations resulted in a r.et railway operating deficit of $2,492,000; for the Boston and Providence the estimated deficit was $2,643,000
4,535,870
$9,085,922
5,951,491
_™
New
$1 207 513
2,808,058
4,060,782
4,208,940
Income
on
Providence
the
of
2,616,611
income™
Consolidated balance
.
2,756,458
' 2,989,451
_—__—__
Federal
and
16,626,343
_
_
than
461,702
17,633,796
__™__
-—,
other
625,869
trustee
a
For
$40,175,870 $38,871,556
__-™_
costs
Maintenance
Depreciation
-Taxes,
.
earnings
■
this,
Failing
.dence
•-*>• "1945
$39,350,000 $38,409,853
™_
—___
*
-
(
unpaid cftdrges against Old Colony and Boston and Provlproperties for Boston Terminal. Co. taxes and bond interest.
August, 1946, it is estimated that the Old Colony operations
resulted in a net railway-operating deficit of $246,000; for the Boston
accrued and
V.,. 1946
•
revenue.,
1875
held.
suggested that the Commission give
which to revise its plan along this line.
.
common
$1,912,763
•that within
or
others
to
shares
the next 12
and
from
become
become
months
indebted
the company may
on
equipment
borrow from banks
financing in amounts
aggregating $10,000,000 to $15,000,000 to provide funds for equipment
purchases and other facilities.
In addition, the stockholders voted to amend the by-laws so as to
change
the
date
of
the
*
fiscal
year
^
from
June 30 to
Dec.
31,
and the
fVlo
%
1876
Monday
in April; to establish a
including officers, with
ployees,
contributory
pension
plan
for
$1,999,630;
em¬
initial
and capital surplus, $1,655,709;
earned surplus, $1,-
of the company and its
service, approximately
from miscellaneous
"■
Y" /. Y/ '• 'Y'Y,\Y
subsidiaries furnish local service in 620 ex¬
1727. YY^'Yi'YYY'
' '
operating revenues
Approximately 53% of the
at least one year's service; and to
530,160;t total, $8,105,401.
- VY'iY1 Y' YYY V 7*X.■ •' V' ■'
resolution adopted by the stockholders in 1939
authorizing
NOTE—'Reserve for Federal income taxes amounted to $812,625,
additional compensation to salaried officers in an amount
equal to 10%
against which the company had a like amount of U. S, treasury
of net income.
-.yY' .••;•'
.Y . •••••:,' •. :
k -notes.—V; 164, p. 1088. .••'wu Y .i v
y
*
The pension p'.an becomes
effective as of Oct. 1, 1946.
The entire
cost of
past
service
benefits will
be
paid by the company and is
initially estimated at $971,100, which may be funded over a
Pacific Coast Co.—Omits Dividend—
period
rescind
1946
Monday, October 14,
THE COMMERCIAL & FINANCIAL CHRONICLE
/subsidiaries for 1945 were derived from local
144%
from
toll service. and approximately 3% .
a
sources.
The
'";;
,
and
company
its
change areas—V. 164, p.
...
of
10
The
years.
company's contribution towards future service
$146,100 for the first year of the plan.
initially estimated
New
York
Stock
Exchange
,*
,
Oct.
on
corporation
that, contingent upon
Securities Act of 1933, and the
of
stock
common
effective
of
record
the
at
15,
1946, shall have the right to subscribe
271,935
oi
share
one
to
be
the
for
two
shortly
directs,
Exchange
stock
common
common
each
determined
The
of
be
shares
before
of
of
close
from
"Aug. 1,
the
under
aiter
become
took
26
TJie
offering
business
subscription
is
Oct.
163,
V
2997.
p.
Oct.
made
were
no
price
Gas
Electric
&
With SEC—
'
Co.—Registers 2%%
in
4,
1946,
common
valtfe.—V. 164,
par
The
first
is
on Oct. 4 filed a registration statement with the SEC
$25,000,000 2%% 1st and refunding mortgage bonds, series P, due
1, 1981. Names of underwriters will be supplied by amendment.
for
Proceeds
164,
dealings
stock,
the
on
will
be
used
1212.Y;
p.
to
finance
of
part
construction
YY::'i;YYY! //'Y":'--'v Y: ; YYY -Y
must be accompanied
$10
value,
par
York
New
in
Stock
f '
'
•
possible
has
company
mortgage
lieu of common
stock,
1636.
p.
asked
bonds,
$75,000,000 De¬
bentures Publicly Offered—Morgan Stanley & Co. and
associates were awarded an issue of $75,000,000 40-year
2%% debentures, maturing Oct. 1, 1986 on Oct. 8 on a
for
series
bids
due
for
1973-
the
purchase
Bids
will
be
of
;
its
$5,276,000 first 4s, series A,
283.
' r
'"v-v-V-"V.
p..
Ohio Edison Co.-
Operating expenses!.-.—*
Prev.
for
272,442
General
taxes.
80,560
559,579 7
,
of
164,
$8,315,114
$9,163,784
178,255
2,137,062
2,661,773
171,882
Y
"
29,399
63,212 ■
428,834
9,198
123,659
to
375,938
$260,143
$5,625,558
$3,543,818
Y 83,500
972,390
1,035,943
$176,643
$4,653,168
$2,507,875
6,023
:
$398,413
-
p. 560.
• v
2,582,254
of
the
revenues
Net
YY
income
Earnings
617,364
130,084
Y
*h-V. 163, p. 2860.
162,366
$188,221
—
$111,454
'
$1.55
"; $0.92
Y'.
Omnibus Corp. <& .BubsO^EarnlngSr-
-
^MonlhsEndedJuneSO—
Gross
operating
Operating
and
—
.
1946
1945
$6,799,530
5,873,103
-
'Net
operating
Gross
Other
income—
—
income
7
—$1,984,849
deductions
Federal
income
Federal
excess
i
—:
tax
tax.
36,166
755,239
/"
;
profits
$1,371,379
16,016
366,828
>315,356
...
1
_
"
—
income
$1,213,593
1—_
income
Total
'
—
Cash
dividends
on
preferred
Cash
dividends
on
common
Provision
for
Adjustment
amortisation
to
to
of
intangibles
of
reserve
V,
per
6,239,216
$6,892,244
247,965
323,869
7
30,000
40-year 2%%
Y, authorized)
debentures
;
Advances
$5,946,493
$1.49
due: Dec.
CONSOLIDATED
INCOME
ACCOUNT
FOR
Net
sales
(incf!4-sales
of
YEARS
'
•'
'
'
ENDED
21
leased
departments). $17,636,070 $15,473,024
admin., and selling expenses—
15,948,113
13,628,221
92,024
129,368
Cost of
sales,
Depreciation
•The
—_Y"' $1,595,935
—
...—
—
$1,715,435
—
-
44,170
41,602
$1,640,105
$1,757,037
.
Prev. for contribs. under empl.
Interest paid
i
Miscellaneous
deductions
!
—
prof.-shar. plan
_
'
tax
loss
of
reduc.
on
sale
attrib.
of
real
estate
thereto—deducted
equal
Y
6,105
414,000
for
snares
common
•authorization
from
obtained
and
following
$365,634
profit before
years
special credits
adjusts.
Cr20,392
-
163,111
„„—
these
has
hold
to
the
at
of net
profit transf.
—
Earnings per
•Loss
above,
on
common
sale
of
to
share
real
earned surp.
estate,
$684,555
$222,915
349,935
199,963
$3.42
$1.12
;
—
——
$1,033,111;
less
portion
of
loss
$805,000 and less
under carryback
claim for refund of prior year Federal
provision of the Revenue Act of $65,000. ■
CONSOLIDATED BALANCE SHEET AS AT JULY 31,
added
taxes
crued
interest
securities
counts
ful
(at
(market
market
S.
Govt,
securities—at
1946
accounts),
$840,958;
merchandise
inventory
reserve
(valued
at
for doubt¬
the
lower
©f cost
or market based
upon the retail inventory method, less reserve
discount), $1,661,528; merchandise in transit (at invoice cost),
$223,082; rent deposit, $10,COO; sundry investments, $5,534; claim for
refund of prior year's Federal taxes on Income under
carry-back pro¬
vision of the Revenue Act, $65,000; land,
buildings, etc. (net), $3,010,8t6; deferred charges, $245,396; total, $8,100,401.
Y
,7 *
■
Y •
for
LIABILITIES—Accounts
payable—merchandise (net), $184,681; ac¬
payable—merchandise in transit, $205,104; sundry accounts
payable' and accrued expenses, $574,874;, mortgages payable ia install¬
ments through 1954, $1/775,135; reserve for
insurance, $30,108; reserve
counts
Jfor
contingencies," $150,000; capital stock (par value $10
authorities
Commission
of
per
have
the
•
However,
not
State
of
been
yet
California,
a
further hearing
in the matter,
why
its
application should
shareholders at a
present
market
value.-
whether
it
The
be
will
able
to
price
•
stating that at such hearing
principal
-Y
••
••:■
amended
proceed
with
amounts
each
the
debentures
Brcwn
&
Y
Lee
Co.
Elworthy
250,000
& Co
First
250,000
1,525,000
Boston
Merrill
150,000
Lynch,
S.
Paine-Rice
Paine,
R
750,000
Smith,
3,140,000
William
Barney & Co.f— 3,140,000
R. Staats Co—
250,000
Spencer Trask & Co.—
ties
Corp
Stroud
&
& Co.—
250,000
Tucker,
150,000
Union
Hilliard
B.
&
&
The
Illinois
3,140,000
...
Co.,
Walker
250,000
1,525,000
Weeden & Co., Inc
1,525,000
White, Weld & Co
,
Co.——
Kalman & Co., Inc..
H.
G.
& Co...—
...
500,000
Whiting, Weeks &Stubbs
The Wisconsin Co
Kidder, Peabody & Co.— 3,140,000
Dean
Witter &
500.000
750,000
250,000
ri
1,525,000
Corp— 3,140,000
Son.
1,525,000
400,000
1,525,000
Co
3,140,000
HISTORY AND
BUSINESS—Company was incorporated in California
31, 1S06.
Company owns all the outstanding securities of its
subsidiaries, Southern California Telephone Co. and Bell Tele¬
phone Co. of Nevada.
American Telephone and Telegraph Co. owns
Dec.
on
share),
(89.34% )
and
preferred
640,957
of
the
company's
(78.17%)
(voting),
shares
of
which
the
outstanding 2,461,250 common
company's outstanding 820,000
ownership of
common
ana
preferred
On
June
Oregon
and
Washington
/
and
in
the
pany
its
on
and Its
subsidiaries
subsidiaries
toll
that
calls
date
under
and
the
(all
of
traffic
approximately
which
connect
agreements
of
revenues
462,000
with
providing
northern
company
or
for
therefrom)
telephones,
the
the handling
had in' service
190,000
in
* None
65,286
150,000
490,671
600,000
2,380.400
11,308,020
10,133,105
YY
Y 144,287
150,000
492,723
Sill
600,000
2,380,400
10,666,170
10,993,505
the
com¬
pany's territory, 260,000 in the territory of Southern California. Tele¬
phone Co.- and 12,000 in ;the territory of BeH Telephone Co. of Nevada*
Wall Board Corp.—
|
merger, the company now owns and operates &
Calif., engaged principally In the mantilath and wallboard, and certain gypsum deposita
which are the source of the chief raw material.
•
•'
The combination of the "Schumite" and "Pabco" lines and organi¬
zations makes possible more efficient operations and getter service to
result
of the
plant
at South Gate,
of
As
.
division
Y' ■ Y
None
Vnn>
.
effective on April 1, 1946.
facture
30,
1946, the company and its subsidiaries owned and
operated 2,909,097 telephones,
of which 1,750,533 were owned and
operated by the company, 1,138,869 by Southern California Telephone
Co. and 19,690 by Eell Telephone Co. of Nevada.
Company estimates
.that non-affiliated companies operating in the territory of the com¬
"of
::
,
Y
of
modern
shares represents 86.55% of total voting power.
The business of the company and its subsidiaries is that of furnishing
communication
services, inainly telephone service, in the States of
California, Nevada,
portion of Idaho.
.
$1,277,213
389,052
Y 23,804
Schumacher Wall Board Corp. into The
At that date the
separate existence of Schumacher Wall Board Corp. ceased and The
Paraffine Companies, Inc., continued as the surviving corporation. " -Y
On Feb.
15, 1946, Schumacher redeemed all of its preferred stock
from the proceeds of a loan of $700,000 made by Paraffine together •'
with other funds in Schumacher's treasury.
The agreement of merger, dated Feb. 16, 1946, as duly adopted by
the stockholders of the two companies, provided for the issuance by
Paraffine of 15,000 shares of its common stock, without par value, to
the holders of and in exchange for 45,000 shares of common stock of
Schumacher held by stockholders other than Paraffine, on the basis of '
one
share of common stock of Paraffine for each three shares of said 45,000 shares of outstanding common stock of Schumacher.
The
agreement further provided that the 21,000 shares of common stock
of
Schumacher held by Paraffine would be cancelled and that no
shares of Paraffine would be issued in respect thereof.
•
merger
Paraffine Company became
Anthony & Co.. 1,525,000
Weeks™
$1,057,766
224,945
23,804
—
....
statutory
The
150,000
Securities
for
Merger of Schumacher
500,000
Inc
Sutro & Co
1
$26,433,997 $27,117,153
•After reserves of $291,487 in 1946 and $244,292 in 1945.
tAfter ; Y
reserve for depreciation of $8,531,163
in 1946 and $7,514,321 in 1945.
^Represented by 491,013 shares in 1946 and 476,013 in 1945. ;/••:;■'
Stone & Webster Securi¬
Ripley & Co.,
—
Total
Pressprich & Co.. 1,525,000
Shuman, Agnew & Co.—
250,000
Henry Herrman
J.
YY ''••:•
W.
Inc.
3,140,000
Harris, Hall & Co. (Inc.) 1,525,000
Hawley, Shepard and Co.
500,000
500,000
Hayden, Miller & Co.—
J.
150,000
'
; ■:
140,172
1,525,000
250,000
Nolan Inc—
Goldman, Sachs & Co.
Hornblower
250,000
—_
—_
vY y
234.291
y
compensation insurance
Reserves for product guarantees, etc.
Reserves for contingencies
;
4% conv. pfd. stk. (par $100)—..——.
JCommon stock (no par value)
Earned surplus
1—
1,525,000
Jackson
YYYY :t:
■
payable,
taxes
Other
750,000
1,525,000
& Co.
Webber,
& Curtis—
111,001
5,933,910
19,161
$26,433,997 $27,117,153
Reserves
i
110,233
245,076
;
amortization)...:
aqd deferred charges
$2,330,000) ——L.—
1945,
Co.—
35,066
249,755
15,244
trade and miscellaneous
Accrued wages, commissions, etc.—
Dividend on pfd. stock (payable July 15)
Estimated Federal taxes on income (less U. S.
Treasury notes—Tax series,
1946, $499,000;
Pierce,
Northwest
26,275
LIABILITIES—
1,525,000
Moseley & Co
Pacific
581,98(1
6,217,062
Total
&
...
Fenner & Beane
F.
Corp.- 3,140,000
First California Co.—
.......
expenses
Accounts
3,140,000
Marks
M.
308,802
equipment (at cost)
as
Amount
Higginson Corp..
7,348,737
—
Prepaid
the
4,024,416
40,112
49,400
7,372,322
22,214
reserves)
tProperty, plant and
Patents (at cost less
Kirkpatrick-Pettis Co.— $250,000
Kuhn, Loeb & Co
3,140,000
Lazard Freres & Co
3,140,000
1,525,000
1,525,000
Co
Postwar
share¬
and
-
Laurence
Dominick & Dominick
Francis I. duPont & Co._
The
■;
Lehman Brothers
—
&
v.
250,000
Brush, Slocumb & Co.—
150,000
Clark, Dodge & Co
1,525,000
to
(less
570,468
4,139,188
value of insurance on life of
(amt. of paid-up policies, $363,501)..'
refund of excess profits taxes (est.)—
Goodwill
750,000
Co., Inc.
Sons
offer
2,527,671
..
surrender
officer
to
underwritten are
Y-..'••< <•'. Y-YV,-■•£.>.:'
•
150,000
shares
principal underwriter
Y:-
$3,220,000
its
v.
.
of
of
offer
the proposed
-
name
Amount
H. F. Boynton &
to
$4,473,407
1,535,000
2,361,991
accounts
and
receivables
Cash
more
nearly approaching present
therefore presently unable to state
is
1
UNDERWRITERS—The
follows;
be
not
company
$3,841,192
-1,017,000
at cost—
—
receivable-.
Estimated net refunds of Federal taxes on income and renegotiation Tebates:
Inventories, at, lower of cost or market
Expense advances to and accts. of employees..
Investments in stocks of cos. over 50% owned.
Advances to wholly owned foreign subsidiary—
Investments in stocks of cos. less than 50%
owned, at cost
Sundry securities, etc., at cost and long-term
Government securities,
>
company will be afforded opportunity to show why the proposed
issue of common shares should not be sold under competitive
bidding or
shares
ac¬
$965,922),
$949,297;
marketable
plus accrued interest), $80,291; ac¬
receivable, customers and miscellaneous (less
share.
per
1945 •
1946
banks and on hand
in
U. S.
:v-
domestic subsidiaries)
ASSETS
Cash
on
the
2,198,945
cost—and
quotations
quotations
4,000,000
two
[Including Wholly-Owned Subsidiaries]
ASSETS—Cash, $1,013,438; U.
$100
par,
regulatory
Railroad
W. E. Hutton & Co
Balance
Dividends
'
(Including wholly owned
YY
82,000,000
to
Y
JUNE 30
CONSOLIDATED BALANCE SHEET^
•Notes
Hill, Richards & Co.—
of
————
increased
was
—
89,818
•
46,300,000
YY Y
hearing on the company's application for such authoriza¬
deferred action on the application and reserved jurisdiction
Harriman
to
below™
..
,
of year
$10,133,104 $10,993,505
shareY~----$L87 • YYl; *3.89
from unused, excess profits credit carryback
from
thfr 1946 fiscal year,
tApplicable to the four years ending
June 30, 1945r less related recovery of taxes on income and renegotihtion -rebates.' - • • •: *
:••'. 1 ;'.!•• /•
>
a
—
and charges
$684,555
deprec., Federal taxes,
refunds, etc. net (special credit)—
—Y
•Special charges
Net
Prior
income
j
820,206
tResultlng
♦Deficit.
$75,000,000
-
shares
subscription
First of Michigan Corp.™
805,000
on
. 95,216
v
95,216
959,526
1,190,032
.YY:Y:':-Y/YYY:Yv
• YYY'.;'Y Y-'Y Y-Y
;!Y;YY^Y
'
Y;
surplus at end
Earned
1946
the sale of the debentures now offered, -company had
subject to approval of regulatory authorities in California,
Oregon and Washington, to offer to its shareholders 328,125 additional
Folger,
'YY—
84,983
State taxes
plant
planned,
1,152
115,000
378,000
dividends
-
Y Following
172,121
72,461
YYY-
•Normal Federal income tax and surtax—-—
■Excess profits tax (net of credit)
Portion
208,313
*
the
Y>
Estabrook & Co
Total
$1,948,481
10,330,272
10,993,505
$12,008,052 $12,278,753
($75,000,000
-
of authorized
number
Drexel
-
Net operating profit—!
Other income
7
JYY,,,,Y.''Y
Y
$1,014,547
declared
declared
•VExcess of (1) book value as at April 1, 1946, .'
of
common
stock issued to stockholders of '
Schumacher Wall Board. Corp., plua <2) cost
of common stock of that cotrporation> pre-- Y viously
acquired, over book value of net
tangible
assets." received from Schumacher
under agreement of merger..
246,125,000
(authorized and -Y ;
;
Y outstanding 820,000 shares)-
Alex.
1945
0519,051
Prl9,653
dividends
Common
Y
—I
6% cumulative (par $100)
Bateman, Eichler & Co._
150,000
Blyth & Co., Inc
3,140.000
JULY
1946
1985
1,
i
Morgan Stanley & Co.
Atkinson, Jones & Co.
Oppenheim Collins & Co., Inc.—Annual Report—
30,
facilities
of year—
surplus at beginning
Preferred
American
$0.63
163, p. 2898.
*
,
Telephone and • Telegraph Co.,
parent—4% notes due one day after date^.^
•Common shares (par $100) (authorized and outstanding
respective
$6,669,132
exceed
its telephone
.
•„
from
holders.-
-
proceeds
in¬
profit to earned surplus-
Balance of
Earned
2,315,827
$1,948,481
.^Earnings per
343,916
share.
common
30,000
subsid¬
prior years--——.
Balance; June 30_—.Y-YY-.——
Earnings
-
$7,270,967
247,965
323,869
stock
stock
depreciation
iary applicable
$653,028
6,057,373
the
CAPITALIZATION OUTSTANDING AS OF JUNE 30,
tion,
Net
Balance, Jan.
uncapitalized
notes, each due one day after date, and
conformity, with an established practice of the com¬
expects to continue, of borrowing from the American
need therefor arises for general corporate purposes, in¬
■and advances to its subsidiaries.
5,785,959
$1,612,390'" $1,013,571
372,459
357V808
-
income
used
827,521
$4,264,308
84.773
1945
tAccelerated amortization of emergency
in
July 16, 1946.
Non-operating
-for
come
it
Preferred shares,
$7,485,494
---
taxes
that
extent
Y 2,461,250 shares)
.
,
revenues
expenses
the
To
cluding extensions, additions and improvements to
$891,184
593,790
(121,566~ shares)—""""
share
per
$912,095
for
company
be
recovery of Federal taxes on
the fiscal years ending June
tEstimated
evidenced by 4%
are
which
•company. as
1945-
'
expenses, depreciation
and "other deductions
Interest
the
will
$3,436,787
v
$515,149
operations for year.
Profit from
such
obtained
are
pany,
and" taxes!""
"
Operating
part
$76,678,000)
845,268
income..
estimated Fed. taxes on
Provision for
on
advances, such excess will be applied to the making
of extensions, additions, and improvements to the company's telephone
plant and the plants of its subsidiaries.
Advances from the American
company
Gross
(approximately
treasury of the
*
■
$599,922
1944 and
debentures.
of
amount
Ohio Water Service Co.—Earnings—
•1946
in
reimbuvse
sale
-
12 Months Ended June 30—
in part,
or
$6,650,942
13,192,691
* 21,464
•$245,346
—™
——————
:
'
proceeds
11,414,376 20,051,851
^
-
i
Balance
Other income
and
tion prices.
*
—$3,057,858
Selling, general and administrative expenses—
3,227,477
Miscellaneous losses and charges
YY 75,727
expenditures made for extensions, additions and improvements to its
telephone plant and the plants of its subsidiaries.
The treasury having
been so reimbursed, the company intends to repay the then outstanding
advances from American Telephone and Telegraph Co., parent, which
are
expected to nearly equal the amount of the proceeds from the
disc.;
income———_
$478,951
on-pfd. stock--— 7
YY 80,538 -
Balance-
$510,809
Y
in whole
company,
;
profit
Gross
date, upon at least 30 days' notice, at 106.25% and accrued interest
including Sept. 30, 1951, and thereafter at decreasing redemp-
any
to
v'
of the
$14,472,234 $26,702,793
goods sold,
Cost of
in San
or
•
the option
at
PURPOSE—The
$686,261 Y
—
—V.
2,879,672
4,231,929
Sales, less freight,
Y counts, etc.
;Y Total
Y
in New York City
•
Redeemable,
'
'
debt
1,951,485
[4,732,578
•
prem. and expense—7
Other deductions
Divs.
Y Dated Oct. 1, 1946; due Oct, 1, 1986.
Interest payable April 1 and Oct. 1
596,804
1,317,886
J
-long-term debt-
on
Amort.
168,352
f 2,807,646
excess i
taxes
Gross income—
Net
1946—12 Mos.—1945
7—")
income and
profits
Int.
,
Francisco.
./•
Inc.—Annual Report—
YEARS ENDED JUNE 30
Y • ' Y. Y>" •
1946
••>£ 1945 • Y
returns and allowances, disY'jy
INCOME ACCOUNT FOR
net interest cost of 2.77%.
or a
Within three hours
had been oversub¬
scribed and the subscription books closed.
A competing bid naming a price of 102.55991 for a
2%% coupon was submitted by a group headed by Halsey, Stuart & Co. Inc.
$2,722,171 $35,460,737 $36,460,152
1,164,710
14,981,988
14,860,017
281,497
3,305,524
3,373,264
-1,453,667
depreciation-
plan acquisi¬
adjustments
possible.
Paraffine Cos.,
CONSOLIDATED
interest to yield 2.74% to maturity.
after the competitive sale, the issue
of
tion
Fed.
<\ /
alphabetical
always as near
—
Morgan Stanley & Co. and associates on the same day
reoffered the debentures publicly at 103 V4 and accrued
1970, at 105'A.—V. 164,
1946—Month—1945
$3,052,509
always
alphabetical
companies in exact
••'
bid of 102.6199
$5,275,000
by the
received
YYY:.Y
\7
-Earnings—
Period End. Aug. 31—
Gross
revenue—
Amort.
due Aug. 1,
mechanical reasons it is not
to arrange
However, they are
order.
*777;7
■
NOTE—'For
•
program.—V.
position as
Pacific Telephone & Telegraph Co.
Exchange
company at the Chase National Bank New York up to 11:30 a.m. on
Oct. 15. Company will
apply the proceeds toward the redemption of
;
Bonds
■
been appointed
The company
/
June
Northwestern Public Service Co.—Invites Bids—
'
:
Airways
Lyon has recently
George H.
"
made.
1946,
15,
1946.—V.
Pacific
Oct.
on
28, 1946,
value, to the extent
par
Corp.—Public Relations Mgi*.
Public Relations Man¬
ager of Pan American. World Airways'
Atlantic Division, which cur¬
rently operates to Eire, England, Belgium, Czechoslovakia, Austria.
Portugal, Liberia, the Belgian Congo, and Bermuda and is working
*on projected routes through the Middle East to India. Former deputy
to Elmer Davis, director of OWI. Mr. Lyon, after returning to the
United States, served as deputy to the director of information of the
Army Air Forces, Lt. Gen. Harold L. George.—V. 164, p. 1636.
Pan American
on the dividend which
1 on the $5 non-cumula¬
each were
including
action
no
payable about Nov.
due-bills.
Effective
■
Sept.
on
the
before Oct.
or
on
$10
held.
the
registration
subject to the offering being made, that
quoted ex-rights until further notice and
not
that all certificates delivered
by
stock,
notice
offer by the corporation,
an
for
shares
directors
ordinarily
first preterred stock, no par value.
Payments of $1.25
made on this issue each quarter from May 1, 1945, to and
1
received
9
making of
holders
The
would
tive
Rights to Subscribe, Etc.—
The
is
at
a
:
gypsum
dealers and .consumers.
In
at
a
with the company's practice of carrying
value of $1, the sum of $820,206 has been
accordance
.
nominal
"goodwill'*
charged to
surplus," representing the excess of the book value of thie
company's common-stock Issued to the stockholders of gchumacher
Wall
Board Corp. and the cost of the Schumacher common stock
"earned
previously acquired by the company-over the book value of the
tangible . assets - received under the agreement of merger;—-V.
p. 2012.
.
Y. ...Y..YYY'Y::Y Y-Y.. Y
'
(Continued
*
,..:.YTy
.
7
net
163.
on page
1912)
Y
Y
Y
7v;Y;.Vy!
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4533
.Volume 164
Stock Record
1877
New York Stock
«»
Exchange
DAILY RANGE OF PRICES
WEEKLY VOLUME OF TRADING
YEARLY RANGE OF SALE PRICES
FOR EVERY LISTED ISSUE
LOW
Saturday
Oct. 7
69
•100
120
9 7a
69%
69 %'
♦100
9
14%
14%
49 7*
•48%
29 Vi
-.29'A
29%»
•100
>
14%
137s
14 %
49
46 74
46%
25%
267a
10%
10%
10%
36%
27
,V
37%
'•>100
31%
31%
98
98
>;•' 3%.-
*97
•
9%
97
;
;
33%
33%
34
32%
34%
31
57
55%
55%
54%
54%
5274
53%
42
42
41%
43
92
92
92
92
18
18
"
33
*54
33%
:
'
107
,
.Vy
29%
407a
42%
40%
427a
92
92
91%
913A
20%
20
•19%
•31%
•31%
32%
38%
;
31%
31%
32
38
40
:
;
103
•
"I:
36
37%
34%
36
92%
93 ";>
92%
30
-;
V;
97..
;
200
28%
327*
29
67/a
29
6%
49
«45%
51
6%
,
;
19
19
1,300
Allied
*30%
3172
900
» 17,600
'. "Allied
103
297a
29 7a
v
66%
66%
67
66
67
66
67
6574
67
41%
V 41%
41%
41%
4174
40
41
387»
40
40
41
11%
11%
11%
11%
117a
10%
11%
10%
10%
107a
117a
29
29
28%
28%
28%
29
28
29
27%
28%
29
29%
77
*74 7a
'
*72%
15
•14%
37% ?. 37%,
% 'V %
♦131% 133
7%
v
82
%
79%
193
100
103
24%
96%
•107
111
*107
111
137
137
•135
140
♦133
136
19%
21
•20
I;
102
•5%
51%
52%
52%
5%
5%
5%
♦5%
•
15
i*
16
*14%
15
5%
5Ya
92%
4,100
1007a
102
102
1,200
107
300
5%
130
131
128
1307a:
360
2,600
American
1,300
1774
23
21%
*101
102
fei; 197a
18%
2274
23
487a
574
•5%
5%
51
104
39%
American
1,100
Amer European Sees
7,100
American Export Lines Inc new__40
187a
18%
19
19%
91%
57a
57a
100%
100%
100
20%
18
91
90%
90%
917a
917a
393/a
38%
39
39
39%
6
77»
92
39 H
y
:
91
39%
39
5%
5%
101
5% ; v ;\
104%
104%
19%
19%
14,300
207a
J
'
1,300
•44
97%
6V4
11%
11%
10%
•11%
12%
*11%
11%
10%
12
26%
*114
26
*11%
:
25
2674
118
8%
1,000
10%
P 1.1%
12%',;
26
non-cum
26%
115%
2,400
-
Amer
>V. ' 400
16,800
300;
;.-v:
;;
7% preferred
LOW AND HIGH SALE PRICE!
y
f per share
25%
257s
*99
Oct. 10
37
37
•153
11%
•99
14%
153
11%
*36
36%
>>12
>12%
:
12%
1274
1272
II6V2
11672
115
1167a
107%
108%
106
107
101%
1474
147a
14
■
112%# 115
327a
50
>
19%
377a
497a
503/4
165 7a
•166
38 V:..
>39
169
10%
1067a
>
13%
32
29%
104
102%
157a
.
Vv
37>
.
48
%
'4072
1567/b
14474
73%
•62
:•/
.75-
>•
172%
76
74
777a
77%
78%
1557a
1557a
51
51%
51%
1197a
4474
143
447B
*60
*118
■'
142
148
142
142
774
77B
67
•60
77a
67
377a
36%
3774
36
377a
457a
45
45
45
45
43
4274
111
59%
•109
60
4274
♦108 7a
16%
16%
1574
5
617a
167a
167a
*15
15
15
4%
5
•31%
31
32%
11%
41
111
577a
167a
'
41%
1107a
142
7
:
7%
*58
X44
I
41
1087a
58
57
117a
:
54,300
32%
1047a
15%
15%
50%
166
39
*25 7a
*39
*53
1697a
74
73%
77
77%
15574
50
x50
123
*118
15
14%
•104
107
44
.:
44%
142%
'
*143%
7%
41
109
*109
55
X58
11%
30
10%
&
3%
Jan
10%
Jan
"2%
Dec
19% Nov
Jan
38%
Jan
5
;
40
Jan
6%
Jan
Dec
Dec
Dec
58
•
56%
10%
Mar
68%
Nov
109%
v
Jan
47
Nov
Xll7% Nov
Mar
91
"
*8%
Jan
20%
Dec
109
Dec
14%
Deo
70
Jan
103
Nov
9
Jan
15
Dee
7%
Jan
26
Jan
108
Jan
14%
Oct
41%
Dec
123
Nov
Year 1945
Lowest
I per share
4574 Mar 21
Sep
Highest *
9 per share
10
23% Oct
41
Nov
1067* Jun 24
10
13TiOct
101
Mar
.21
25% Jun
45% Jun
10
3
3 !
163
July 15
17% July
1
11% Mar
19"%
247a
Jan
1307a
Jan
2%
Jan
807a
Jan
104%
Jan
95%
Jan
19%
140
Jan
24
11
Oct
9
No par
347a Sep
23
'60
com—No par
No par
107a Sep
9774 Jan
19
2
133% Aug 13
No par
88% Jan
3
1237a Aug
8
54%
&
No par
1374 Oct
10
23
Feb
16
11%
186
Feb
14
I.
San'y
Stand
Preferred
100
American
472 '/o
Rolling Mill
conv preferred
10
100
39 74
142% May
Apr 10
227a Jun
6
179
Jun
41
3i
9574 Feb 26
55
> Sep
9
100
160
Jan
8
Oct
10
Jan
2
43
Sep
4
Oct
10
24
38% July 11
5874 Feb
6
American
%
Snuff
preferred
non-cum
Steel
Amer
Foundries
10,200
1,200
American
500
American
Stove
American
Sugar
No par
Stores
200
■
21,400
75
v>.: 4,500
79
No par
No par
Co
Refining
100
42%
Preferred
Amer
380
51%
12,500
123
37,800
14% Sep
19
Sep
13% Nov
Deo
29%
2772
24
387s
5%
107
100
46
21,900
146
3,300
Corp
1,000
7%
10,300
1107a
140
prior
Anaconda
Anchor
No par
Hock
Glass
2,500
17
9,400
Anderson-Prichard
15
1,100
Andes
5
5
3,300
A
32
3,300
12%
137a
*120
122
117
119
116
134
•133
134
117
120
120
*133
134
13074
133
125
1267a
128 '
131
450
12.50
Corp
Copper
No par
&
Oil
W
Armour & Co of
$6 conv prior
preferred
21%
Co
Corp
Mining
Paper Co Inc
Archer-Daniels-Midland
7%
70% Jun
Cable
15
31%
3
1
$4
P
297a Jan
Illinois—
preferred
10
1
Jan
20
5
No par
3
No par
100
-
3
Sep
24
181
41%
Apr
153
Feb
50% Nov
164
Aug
41
Aug
60
Dec
Jan
151
Dec
29%
Jan
53%
Jan
196%
157
65
Jan
Jan
9174
Jan
161%
43% Mar
69%
1167®
Sep
Jan
Jan
Jan
100% Mar
19
15% Jan 29
11
10
10
9
9
90
May
8
51% Feb
6
60% Jan 14
627* May 28
xll4% Mar 21
x64% July 11
90
6574
14574
Oct
Sep
Dec
128%
9
67
Oct
357s Sep
41
Sep
38
Sep
10872 Oct
4374 Jan
157b Oct
13% Sep
7
10
4
4% Sep 19
26% Mar 22
1078 Sep
9
112
Sep 11
125
Oct 10
68
Jan
99%
182% Jun
142
44%
Jan
874
28% Jun
25
50
&
9
1107a Feb
Copper Mining
16%
58
Smelt
preferred
3
May 28
Jun 24
10
•-
Wire
July
30
128
Aug
407*
31
13% Oct
>125
>
7
32
1647*
22%, Jan
1027a Sep
100
31% Nov
29
997a May 21
100
99
Jan
Jan
1007* May 17
121
Jan
17%
17%
7
78
Dec
75
May 10
20074 Jun
174
Dec
Mar
30%
43%
Apr 10
677* Apr 18
18
4872 Oct 10
116% Sep 11
Jan
Jan
158
Sep
15%
184
27%
10
73
150
Jan
4
No par
dep
of
conv
Apr 25
50 yB Feb
No par
Zinc Lead &
$5
Anaconda
172
6
Oct
14
Woolen
pfd ctfs
Amer
100
23,900
507a Feb
No par
Elec
&
1st preferred
American
Apr 20
767* Oct
_25
Preferred
146%
$6
Apr
.
168 74 Oct
100
Wks
,
73% Jan 29
a
8
10
100
preferred
Water
Sep
5
__
191
477a Jan
25
class B
Viscose
138
6
52
Sep 24 >
45% Sep 10
176
Aug 29
337a Feb
100
Co
preferred
American
24
19
No par
Tobacco
Common
6%
Am
Tobacco
Telep & Teleg
American
100
■->-
100
Sumatra
Am
11,600
7%
20
37
156
67
1087* July 12
25
Building Co
Smelting & Refg
Preferred
400
140%
15%
42% Aug 21
2774 Jan
7
—5
Ship
Amer
1,100
!
2574
171
10»
Oct
Safety Razor new
1674
12%
; Dec
9%
r
Jan
96
1
Co
1574
32
No par
Co
Light
preferred
Anderson, Clayton
4%
Bange Since January 1
Lowest
Highest
9 per share
# per share
33
134
; May 22
165
76,500
1,400
1887.
Rad
Am
300
122
page
157a Jun 28
447a Jan 15
119
100
■
*120
see
5
No par
No par
210
14,000
>.
121%
footnotes
16% Jun
Amer
;>
;
1217a
For
Apr 24
No par
2,400
40%
1087a
32
Jan 28
18% Mar 30
118
May 10
v
57
30% Jan
8
American
44
41%
4%
Oct
Deo
10
July 10
1474 Jan 29
12974 May 15
44Ya Apr 15
Sep 11
'
1407a
1087a
4%
Jun
American Seating Co
500
157a
Deo
27%
1,800
44
*15
Deo
149
Jan
6,300
44
55
Nov
42
156%
18 %
—100
News
Power
Amer
6
156
77a
127
29% Nov
'
5174
166 >
-
13974
*58
Ltd
Anterican
840
.
170'
138
7
Dec
Jan
4
V-
1,300
53%
139
Co
Molasses
20
51,800
20%
39
50
V
43%
15%
107a
15
20%
1657a
13674
Par
No par
preferred
preferred
43 Va
15
6%
American
$5
44
15
11%
41%
>.->
;__100
Metals.
&
Metals
Amer
preferred
cum
Mach
4,300
1077a
37%
57
3.907f
Amer
preferred
67
157a
31
*104
Oct
87%
13%
75
Fdy Co——No par :,: 2274 Oct 10
$6
36%
57a
11
13%
Mach &
6,000
67
167s
317a
>
37
1574
31
,
127a
357a
5
'4%
73
♦118
'
2,800
1,400,
54,400
36%
67
35%
53%
487a
138
•15
574
31
117a
11%
577a
137%
*134
35%
113
"287a
7674
44%
Amer
10
3074
156
15%
105
42
477a
45
427a
105
>.
39
>
123
147a
6,500
;
117a
1037a
103%
>37%
16874
50 3/4
2574.
155
327a
141
>
:
.
179 V 179
32
38 7a
747a
77%
13%
182
♦138 74
3874
1567a
49%
107
45%
>
77%
1057a
24% >25
53%
14
Deo
Dec
"
13%
28 7a
17
112%
199
Range for Provloni
/
-
'■:>>
169
17174
155
=
16
147%
77s
V
123
15
*105
145
*141
71
•118
167B
1067a
15 7*
*105
.'
1197s
52
377B
♦109
170
"
145
7%
75
171%
12
11074
103
29%
•
140
53%
156 %
7674
140
7%
3874
140
156
45%
140
172%
172
107
44%
40
57
3574
11%
:'.!>>'•
> 3,2u0
38
31
287a
28%
24% V 25
143
15%
15%
>
*55 7a
1197s
•117
39
26
♦1357a
52
♦105
'<
59
156%
52
40%
26
;
34%
*166
14%
11%"
110
38
100%
24%
15%
48
5,300
*150
11%
j
89% Feb
183% Jan
'
25 74
14
23%
36
169
307a.
30
143
74 VV*
77
>
•76%
>
>
.
*57
V
172%
•727a
26
•166
10% Aug
•
112% Mar
108
11% Mar 12
2372 OctlO
111
NEW YORK STOCK
•:>>•>>>;>> EXCHANGE
Shares
*98
,
20
165 7a
3657a
38
>
155
14%
the Week
I per share
100
14
■ales for
Oct. 11
5>R%
20
2074
-37 •:
49%
37
>.
♦179
16
193/4
169
29%
13%
30
>32%
•140
144
.59
1727a
.31
30
>
147a
16574
387a
*166
32
*25 7a
407a
407a
*57
169
297a
997/a
183
166
38 7a
3174
*166?
■3174
31%
•29 74
30
•24%:- 26
*140
38
34%
36 1
'
*38
.11
32%
197a
*36
49%
347a
103 7/a
1578 V 167a
165
*150
100% 102
10474 105
35 7a
357a
165
23%
257a
11%
11174
33%
1674
497a
5074
166
.
13%
*179
20
157a
.:: 19%
377a
•37
.
105%
1674
20%
*16
'20%
•98
11
183
$1%
33%
104%
105%
*105
*165
3274
327a
147a
•179
22%
107
1057a
14
' 179
179
182
•179
1474
■
247a-
153
11
V
> Trldny
I per share
147a
23%
155
share
101
14
.
26 V
:
11%
37
127a
22%
101
25 74
156
11%
per
24%
147a
26
25%
11%
:
Thursday
Oct. 9
*99
14 Va
♦153
156
37
101
147a
25%
25%
•153
24%
Wednesday
Oct. 8
25%
*99
101
14%V 14%
;:~11%
9 per share
; •
Oct
Jan
327a Jan 28
;
8Y4 Sep 24
9972 Jan 21
100
55%
135
Jan
2%
63
19
130
9
Dec
3472 Apr 22
9
,
Oct
Jan
44% Oct
9% Sep
Dec
'Jun
23%
Mar
128
STOCKS
Tuesday
:!>;
Oct. 5
#
Monday
Oct. 7
9 per share
24%
Saturday
x41
12% Jan 28
.
80
Jan
118
May 11
55% Jan
9-
,
Jan
27
10
Corp__„__—No par.
Invest Co of 111
1
Locomotive
No par
American
American
.
69%
96
11
Internat
Dec
41%
110
28% Aug
Sep
Deo
43
:> 15% Aug
lmFeb 15
23% Jun
6
90
Dec
Jan
40% Jan 10
150
Feb
1
10
„_100
Sep
11%
Jan
Sep
1
preferred
35
71
Jan
39
377a Sep
5% Oct
No par
6%
'
Jan
164 Va Jun
10
Sep
3%
1327a Mar 20
:
Dee
60% Deo
20%
72% May 28
y
104%
'
28
15
50
American Ice
Jan
'
210% Mar 29
9
Deo
Deo
Deo
43% May
1
10672 Jan
90
10
conv preferred
American Home Products
4,700
•
1774 Feb
9
9
24%
487s
11
1
Co
6%
v
12
24%
*114
No par
SS
3,000
'*
11%
11%
25
11474
;
112
11
11%
23 7a
11474
^
*
-
J
9%
*106
preferred
American. Hawaiian
American Hide & Leather
23
;
Sep 11
10
Oct
Dee
38%
Jan
6472 Apr 18
2 74 Sep
Deo
194
Dec
38%
10
14
xl37
57a Oct 10
100
Sep 10
18
Oct 10
<
No par
3,500
99
9%
.
$6
887a Jun
18
*
v:
102%
25
30
\
Deo
Dee
28%
"
Jan
•
197/a Apr 24
4574 Jun 10
Jan
Deo
42%
108
7
57a Sep
4
13% Oct 10 >
X
20%
Apr 25
917a May 29
53% Jun 11
Sep 19
Oct 10
2072 Sep 20
.—No par
No par
preferred
12% Apr
10
1774 Oct
No par
7,900
,Y
51
9772
;
:
112
10%
114% 114%
97
*44%
9%
♦105
1074
5%
50
X95%
9%
112
W 10%
12
26
114% 114%
26%
26%:
•114% 115
*105
1074
*11%
♦43
98
9%
112
5%
6
50
97
10%
*108
5%
*43
9974
10
112
•108
$
:
50
98
10 Va
10%
•10%
112
' 3
*44
>
98%
98
97%
10%
51
*44
SI
*108
6
'
$7
Oct
Jan
Jan
-
75
10
22
Jun
74
13% Jan
V 39% May 27
100 ,'101
Sep 25
20
4374 Sep 19
$7 2d preferred A
-.
93
104% Sep 12
120
Sep 19
_10
Tiling
Amer & Foreign Power
i
9,200
-
» 6
Encaustic
108
July29
" "<62% May31
May 16
44
9672 Oct
80%
Jan
153% Mar
15% Jan
27% Aug '
63% May 27
674 Oct
10
1,100
19%
5 7a
Co
1
79% Oct
No par
5%
18%
'
Colortype
1
2
189
100
-
Aug
>29 7a Jan 28'
V' 39
Jan 30
10
3/8 Oct
Deo
Jan
22%
212% Jun 18
10
Sep
Deo
27
6%
91
July 30
26
.
10
3672 Oct
^.No par
50
20
.
Chicle
Oct
28
617/a May 28
113
9
.
129
preferred-i-i—.——100
conv
3,600
15
19
preferred
Am Chain & Cable Inc
«.
57a
19
Sep
Nov
"
13 7« Oct 10
No par
527a
50
15
6
Fdy
66
Jan
82
10
7274 Oct
1
American Crystal Sugar
4%% prior preferred
Amer Distilling Co stamped
^
13%
6y«
;
'
;
23
*101
!
104 7
52%
20
6,400
&
Jan
84%
Dee
9%
Jan
~2%
697* Jan 28
>
Oct 10
107a Oct
25
Car
.'American
23%
Corp
15%
Aug
7
8% Jan 28
3
10
6% Jan
51% May 27
10
26
V
—.100
non-cum
107.
13%
21%
f 7%
•
23
108
48%
101%
American
22
227a
Radio
&
9
6
34% Nov
103
647a Sep 20
3874 Oct 10
100
Can
12y* Feb
24
Jan
44
.
No par
Preferred
107
143A
5%
93
6
H
477a
Cable
American
135
92
Oct 10
25
Sep
9
67a Oct 10
50
Co
Sep
Apr 25
3374 Oct 10
—1
*
preferred
11074-
'
39
95
45%
98
V
100
45%
14
20%
21%
39%
>
44
46%
Amer
7,500
Dee
y
5 74%
240
>:>
10
Rights
18,400
8272
193%
574
100%
21
6%
•93
•39 >
7
8072
191%
19%
103
103
21%
21%.
674
80%
192%
122
103
1
preferred
Shoe
Jan
2972 Sep
1
Airlines
Brake
Am
110
98 V*
" 38
50
American Bosch Corp.;
63,300
147/a
57/a
5%
,
105
105
6%
:'i
1
133
14%
19%
19%
19%
22%
6
3974
%
133
79 7a
13
102
54..;
'
19%
:■>19
24
>
52%
52%
132
102
38
%
6%
/•
Dee
Mar 30
18 % Oct
Petrol Corp
No par >
Agricultural Chemical-No per
135%
♦107%
1974
23%
102
•101
102
•19%
23%
23%
23%
•22%
♦101
20
37%
20
50
1774 Oct
No par
American Bank Note
2,000
14,100
"
Jan
156
par
Amerada
American
3,500
V:
Cem
preferred
conv
' Amer
,
91,900
y
6%
23%
22
24%
107%
2,600
' ;
■'-■>
> 77
13%
13%
134
2,900
y;
;
*75
13%
6%
6972
1927a
8074
193
44%
487/a
77
%
133
6%
,
81%
107
367a
131%
194
47
13 7a
7a
> 131 %
7%
6%
80%
24%
24
25
37
H
7/a
133
193
105
*103
> 109
24%
>>
49%
49
49%
49
5/a
&!*>>
37%
14
3874
37%
194
193
*75
15
*131%
,
82
194
•103
38%
3
76
14%
%
%
131% 131%
■«7%
6%
81%
817/a
»•'
194
S. 75
14%
37%
...
74V2
,14%
74%
*72%
X68
>
Portland
Amalgam Leather Co Inc
*
300
38%
38
"f
Alpha
7,100
J
11%
V
» 1,200
52
8
913A Oct
100
pfd
conv
59% Apr
293A Oct 10
'
cum
>1%
10
523A Oct
.,
No par
100
„Nopar
374%
47% Deo
Apr
37a Oct 10
No par
Co
—
19,400y
7%
*46
Mills
3
Dee
Dee
277* Oct 10
5
Stores
Dee
13% Mar
32% Jan
17
95
Inc
11,600
293A
67a
45
>>
Co_„
Dee
ai%
8
68% Jun
>
19
1
.
35
22%
Sep
100
Dye-y—l-.No
17%
1
5
100
gtd
Jan
Apr
24% Feb
9
Corp
4% preferred
Allis-Chalmers Mfg
>>>>
367a
.6%
Kid
"Allied
39Ya
387a
*102
41%
v
Ry 6%
Allied Chemical &
66%
:
West
Allen Industries Inc
9274
.
Alleg &
9%
25%
20% Feb
Sep
5
war
Dee
1
May 28
413A Jan 28
112
prior conv preferred-No par
Alghny Lud Stl Corp
No par
1,200
35%
■?:
pfd A with $30
114
19
10
.
High
Jan
10
100
Min
Feb
60
3574 Oct
,.
1
3,500
9272
44
Ry
May 13
247a Sep
100
158
3674,
678
45%
Vicksburg
169
97a Oct
$2.50
90
19
No par
preferred
5%%
500
10,300
92%
29
67s
45%
6%
50 :
*45 %
4
.'Allegheny Corp
24,600
1
3374
28%
<29
6%
6%
6%
474%
43,200
54
&
Inc
Aldens Inc common
1,900
v
,
374
92
927a
10
10,;:
Alaska Juneau Gold
11,900
v
.
433A
387a
13 % Oct
44% Jan
__1
Air Reduction
Alabama
574
18%
103
x50
1
157
30%
36
;T:
37%
93
A *28
29
29
♦45%
30
*102
■;>
19
26
No par
11,200
947a
19
10
Express
Adams-Mills Corp
37
4272
,,-
1567a
187a
-
103
36%
37%
17%
156
31%
38
36
•102
92%
37%
1774
456% 158 >>
19%
> 19
197a
*103
39%
103
•102
103
197a
32%
38%
38%
*102
20
1774
1774
18%
160
8% Oct
30% Feb
Admiral Corp
*9172
■'
■
"
2.50
Address-Mutigr Corp
31
y
2
;
Highest
Low
84% May 13
10
Co
4,700
54
43%
158%
Adams
112
Lowest
High
12
Jan
Co_
2,200
' 97
56
92
18%
159%
158
Steel
No par
10
3%
31%
92
18
18
159% 159%
-V
500
Straus
277a
30
;
35/a
42%
..V.
Motors
Acme
10,200
'
,
ACF-Brill
1,200
*100" ,1071
30
*53
6,900
y
15
5Va
97
:
&
61% Apr
Year 1940
Highest
Low
No par
com
367a
-
>5
3%
Abraham
473A
>>>27%
-Abbott Laboratories
9%
■
377»
27%
967a
:
374
'
3%
14'/a
Par
'
9
Lowest
'
3,800
•
41%
*46
10
5
30%
97
3%
•100
108
29
98
k3%
3% >:
i
35%
!•.•i:-' 5 %
5
31
'
98
98
;
lO'/a
•101
5%
31
31Va
r-
3%
.
28
357a
108
>
5
5% •
30%
4,
:h
3%
*100
i 110
>•5%
.
368/e
10
10%
37%
110
87a
41%
47
36%
5'A > 5%
874
1374
367/a
36%
115
40y2
15
29
29%
87s
397a
70
*100
41
10%
•10%
85/a
41%
8%
69
115
50>
29%
•49
.
*95
>
Range for Prevloua
Range Since Janaary 1
EXCHANGE
<
Shares
'
NEW YORK STOCK
y
the Week
$ per share
68%
44
14 %
15
49 %
"120
9%
.
43%
44%
14%
•48'/a
9
9%
,
44%
44
67
•100
120
•100
120
70
Sales for
:
Oct. II
4 per share
68
71'/a
Friday
Oct. 10
# per share
I per share
9%
•43
Oct. 9
69%
69
STOCKS
Thursday >
Wednesday
Oct. 8
s
$ per share
9 per share
SALE PRICES
HIGH
AND
Tnesday
Monday
Oct. 5
•>v5% Mar
Oct
Dec
121%
26%
Dec
112
31%
140
£1%
Deo
Dec
Deo
60%
297s
Jan
83
Jun
Jan
49
Nov
3874
Jan
57%
Deo
24%
109
Jan
49
Dec
July
113
Dee
38% July
4974 NOV
23% Nov
27%May 27
10% Feb
8
5
12% Aug
4% Jan
407* Jun
3
23%
Sep
3074
Oct
187a May 28
6%
Jan
16
Deo
24% Feb
;
139
July 18
102% Mar
111
Mar
9% Nov
127% Nov
141
Nov
Monday, October 14, 194&'.
COMMERCIAL & FINANCIAL CHRONICLE"
THE
NEW YORK STOCK RECORD
STOCKS
PRICES
HIGH SALE
LOW AND
Monday
Tuesday
Oct. 7
Oct. 8
Oct. 9
Oct. 5
I per
t per ahare
46
46
106
share
♦102
; 15
14
.20
20%
18
134 Ms
131
133
Ma;
132
M? 132 Ma
131
134
*133
136
132 Ma
135
49
*45 Ma
49
85
102 '/a
102
14
15 Mi
13
51 Mt
5 1MB
50 Ma
5 3 Mt
333/4
*333/4
34 Ma
"102
23
37
*115 Ma
117
104
'102
104
*102
104
60
♦117
*115Mt
30
*26 Mt
30
13 Ma
12*%
13
18 Mt
18
18
1
20Ma
20Ma
21
21
:■
19
19
19
19 Ma
18 Ma
7 Ma
6 Mb
♦18
116 Ma
*26%
13
/■
42 M4
May 31
593% Nov
July
Sep
19
18
1063%
Nov
108
Nov
Sep
19
36.3/b May 28
11 y2
Jan
X29%
Deo
No par
12
Oct
10
30
10
Jan
19%
Dec
i
new
—;
112% Feb
Aug
9
32% Jun 14
Oct
9
130
Oct
10
153
May 21
113
Jan
140"
127
Oct
11
148
May 29
111
Jan
1393% Nov
46 Ma Sep
30
58
Aug 12
45
Mar
Oct
10
121
May 31
125
18
1
^...100
100
——/.No par-
Nov
52%
18
Dec
113%
NOV
7 Mi
7
48%
48%
48
483/a
20'Ma
20 Ma
2Cf
20 Ma
123/4
13 Ma
12*3/4.
13
21
213/4
4
18
420
::i
i
18
6% if 6%
47%*
473/4
473/4
46 Ma
V
;/'12%
20 Ma
19,
13%
U%i>
19 Mb"
33 M«
Feb
45
Nov
20
9
3 3 Mt Feb
26
Jun
94
22 Ma Oct
10
54
19
130 M2 Jun
Jan
,r
Sep
80 Y* July
42 Ma
Dec
Apr
110
3-
Deo
83% Nov
7iy4
May 24.
51 Ma May 28
3
5
Atlas Powder
_—_No par
3,700
'
.120
Nov
/
2 7 Me
Dec
94 Ma
Deh
"2,600
19%
19%
20 Ma
12 Mt
12 Mb
123/4
20%
2,300
47%
Aviation
21%
V
343/a Apr
17
14Me
Jan
973% Jan
..
18
60
Jan
113
Jan
Jun
3
Sep
18
40% Aug
13
18%
Jan
27 Ma
10
25 3A Jun
10
10%
Jan
20 Me
No par
($1.20)
16% Sep
19
18 Mb Sep
24:
233/, July 23
373/4 Jan 29/
14%
Jan
25
5ci
Co
Automatic
9,300
47,400
x46%
prior pfd
Autocar
t
-■
May 13
-10 74 Oct
100
No par
Nichols
Conv
800
//
Sep
116 Ma Oct
110
No par
17
18 Ma
203/4v
9
Sep
32
19
12 Ma
20 Ma
12%
Dec
49% May
i
7 5 Ma Oct
Oct
Corp
63/4
19b/4"
83 y4
___100
preferred
17 M»
•
Jan
Sep
conv
20 Mb
47
48 Ma
104-
Tack
63%
20
24 Ma
20
112
4%
-16Mb
20'
13 Ma Mar
83
100
Atlas
^-6%
46 y4
••>
•,•••>■
29 Ma May 28
19
25
10O>
17
/''
10
Sep
preferred series B
Austin
0
■
Dec
120
7
Oct
Refining __i.
pref series -A_
2t
119-
*253/4
101
Oct
13
45
_1
preferred
113/4
18
20
15 Ma
'■;/
7 Ma/
1,430
/•>/ 153%
193%
19
:
59 Ma
60%
12
-
SS Lines
Atlas Corp
10,400
*117
27
25
100
1
104
23 Ma
60
Jun
70% Jan;
par"
__100"
conv
3.60%
i
■
118%
103%
•
4 Mo
260
22 Ma
22 Ma
58%
i
i
-78
lo
non-cum
Atlantic
9,400
37
*102 Ma
:• 104
5%
400
115*
115
!^_100
preferred-^
Atl G & W I
600
7
76'
38 Ma
36
*25 Mt
12 Mi
,
16 Ma
21
20%
76'
118%
• r
28
♦
•
7 Me
,
Highest
9 per share
6 per share
19
Atlantic Coast Line RR____/_No
'4,100
35
76
115%
—
22-Ma
s •
-
118 %
12
Ma
18
18
:
♦25 y4
30
-12 Mb
>
33%
*102-
61
60%
116 Ma
60
117
49
115
23—/,
•
60%
60 V*
116 Ma
13
23
%
23
116 Ma
60
59%
377/s
23'
23 Mt'
15
50Ma
35 Ma
35 Ma
117
Mi
65
t
Lowest
105
A'TF Inc
8,800
14 Ma
*33
5 Mo
4,000
103 Ma
102
'
37
►115
23
Ma Sep- 11
v.
5
Atch Topeka & Santa
15,500
86
83 Ma
49 Ma
*73
75 Ma
75 Ma
76
37 Mt
*102
42
j_iNo par:
Assoc Investment Co.,
32 Ma
-
115%
23
*26 y4
50
333/a'
36 Ma
104
190
45 Ma
46 Va
33, Mt
.
114 Ma
115
tper share
CO-~^'i^0No'pari
Artloomr Corp_^
Associated Dry Goods
6 Mo 1st preferred.
7% 2d preferred
,.
300
14%
^
76
78
*76
36 Ma
36 Mi
Highest
I per share
Par
Arnold Constable Corp_
49
102
80
33%
78
*76
14
21%
129
84
100
163/4
34
115
3,600
14,500
134
•46
49/
78
87
163/4
51%
517/a
•46
Armstrong Cork"
if* $3.75 preferred'
■
Year 1945
Lowest
,
1.200
127
128
128
101
15%
15 Ma
*33 Mt
13 Mi
20 Mt
133
131
84 Mi
84%
100
100 Ma
100
101
Ma
13
20%
18
130
/'/< i
22
•
Range Since January 1
:]r0:0 'i'/l-x EXCHANGE
5,100
,j:....
106
21 Ma
Range for Previous
STOCK
'
85 3/4
84 Ma
86
Mt
101
*15
"in
-
49
*46
49
*46
♦1033/4
12
131
*131
-
20 Ma
YORK
Share*
443/4
44 Mt
44%
106
'
20
20
133
v
Ma
*102
*
13%;/
13
14 Mt'
14 Ma
20%
20 y4
133
*45 Mt
20 Ma
21 Ma
43
«
20s/s
133 /;
14 Ma
15
20%
20 Ms
106
NEW
•
the Week
-j
I per share
I per share
45 Mt
43
*103
21
21 Ms
21 Ms
21 Me
*21
46
106
*102
106
Oct. 11
V
Oct. 10
I per share
share
"45 Ma
46 Mt
46
*102
9 per
Baled for
Prlday
Thursday
Wednesday
Saturday
Canteen
9
323/4 Aug
3
6 Ma Oct
9
143/a Feb
No par
46 Mt Oct
10
82 Ma Feb
18% Oct
10
38% Jan
30
Oct
10
30 Mt Jan
16
47 Mt Jan
28^
15 Ma Oct
of Amer__;_5-
Co
of Del,-(The)—
Corp
135
5-
$2.25 conv preferred
130
Dec
Dec
29
/
*
Dec
/Dec
14
10%
16
63
2:
Dec
/Deo
B
'
V
..
22
*21%
15
*69-
72
20
"
,
52
53 -fM
28 Ma*
29
29
513%
513/4
513/4'.
51 Ma
24 Ma*
24-Mb
243/41
22%
20 3/8
20 Ma
19%
28%
*50 Ma
52%
513%
23%
24 Mt
23%
21 MB
21 Ma
20 3%
21
23
23 Mt
22 Ma
23
55
55
533/4
55
107
15
15
*106
15
16
16 3%
20
20
195/b
35
33 Mt
33 Mt
32%
25%
26
25 Ma
25 Ma
963/4
95 Ma
97 Ma
96
183%
19%:
19 Ma
20
593/4
*36 Ma
373/4/
20 Ma
39 Mt
<39 Mt
39 MB /
39 Mt
Mt
15 Mt
15
15 Ma'
42 Ma
37
37
22%
23 Mt
31 Ma
24
22 Ma "23%
*44 Ma
46 M2
4 4 Ma
47
-
5
18*
47 Ma
:
-
:•/:
,
109
V
35'/
35
104 Ma
*103
104 Ma
23 Ma
*23
M
23 Ma
I6M4
153/4
...
125
•122Mt
,ll3/a
80 ;•/■
78
27
'27
26
125
/./ 14
32 Ma
23%'
46%
20Ma
125
r
20%
15 Ma
123 Ma
/
•
:./ 143%
:
*122 Ma
Bucyrus-Erie Co„:
——5':
1%" preferred t
i——_—100
Budd (The) Co common—„No par
/
$5 preferred _i
No par
9Mb
10
10%
73 Ma'"
71%
75 Ma
74 Ma
•75
26 M,
253%
26
25%
26
ioi3%
101
•100 Ma
*98
101 Me
■:/:/
'
20
■J
32,300
11%/
10 Ma
10%
V
■■
.
1
900
101 Ma
Buffalo
<
.200
-
:
24 Ma
26
;
20
26
26
40
39
39
39Ma
203/8
26
393/4
20
20 Ma
20
106
101
Vi
19 Yo
101 Ma
*99 Ma
7 Ma
7 Ma
7%
7%
80
86
*80
83
,
79 Ms
*78 Me
80
;■
24
17
17
24 Ma
5
103 Ma
*102
*23
23%
r
-,
17
233%'
78 Mt
5
22
LOW AND 'HlCHBf BALE
Monday
Sitsrdtj
-
Tuesday
Oct. 7
Oct. 5
•
Oct. 8
-
j
f
s
.
?
,
4,100
16Ma
100%
,
2,700
23 Ma
32
56
33/a
6 Ma
Ma'
3 Ma
22 Mt
14
14
♦117 Ma
*44
13 Me
122 Va
45
13%
63/4
«
32
Oct. 9»
3%
-■
7
55
•"
22%
21%
14
13 Ma
*117
*44
13
56%
*56 Ma
59
13
*12%
55
*53
.'
120'
122%
46
13%'
56%
•13
55
M
.
7Ma
;
21%-
-Thursday*
.
i
Oct. 10
v
;
Oct. II..;//.,
'/
*56 Ma
12 Ma
583%
56
53
X119
1173/4
44
433%
163%
16 Me
16Ma
*393/a
40 Ma
38 Ma
39 Ma
39%
39%
6 3%
6 Ma
*6%
37
*157 Me
7
-37%
160
37 Mt
373%
157 Ma
157 Ma
119
6% '
36%
•155
■
:
123%
55
54%
117%
120
16%
i>
»
35
155
"
~
.
63%
36Ma
155
—
41
'<•'
,./
;
200
9Ma
71 Mt
10
Sep
6Mb
34 Ma
*150
34 Ma
155
/
;
,
-
35
*150
M. : $4.25
Canada
80
Cannon
130
Carolina
39 Va
v
Carrier
.
1,500
Clinch & Ohio
r.
;
Steel Co
j_,
Corp
/
-.
1,900
Carriers & General
363%
4,900
Case
155
{
30
No pari
——50 ;
Inc—1.66.%
—-No par
Dec
Feb
109
Dec
Ry^_—100
„
36 Ma
.
5% Apr
42 Mt
May 31
47
18"
10
53Ma Jan
28
9
42% Jun
3
10
Jun,
NOV
37 Ma Deo
180
Dec
?;19% Dec
52 Ma
; 3.7% Mar
Nov
Dec
36
Dec
July
112
Nov
35%
106
115 " Apr
3
38MftApr 23.
21
35% Nov
Jan
45Ms May 28
19
1103% Mar 18<
8
38% Apr
9
Feb
123% Mar
22 M2 Jun
Feb
Dec
:
Nov
2
2
Voi
20 3%
f
>128
Jan
14
45% Feb
120
2
130
10
40
23% Jan
23
253% May 3D
9
2
10*%*
3
i ;
May
70
10
Nov
59 Ma
•
;
Jan
/'
Oct /
y4
85
10°% Mar
May
Dec
45
17% M!ar
9
14'
91
Dec
40 Ma
Jan
20% Feb
45 Mt
Oct
9
Oct
11
Sep
24
1^)8 Mt Mar 28
■
22% Jan
9
46% Jun 11
183% Jan
39%
Dec
25
59 Mb May 29
30 Mt
42 Ma
Dec
Oct
10y
26 Ma
Sep
27
103
Oct
10'
102 Ma Aug
10
213% Jun
20
153% Jan
29
Ms Jan
13
Sep
•
111% Dec
'
1193/4 May 27
23
Oct
Sep
13
Mar 22
111
Aug
July 22
Sep
Oct
'9:
100
Apr
16'
98
Sep
10
26
Oct
10
Oct
9;
Jan.
2
Oct
10V
9 Ma Jan
35
14% Jan
6
15
112% July 11
10
Sep 11
15 Ms Oct 10
Oct
9
6% Oct 1:
34Ma Oct 10
155
Oct 9
Aug
Dec
28
Deb
101% Feb
39
Nov
22 Mt Mar
May 28/:
Oct"
7 Me
Jan
87
Ma, Feb 16
40
110
1053% July
33/a Jan.
May 15
110
NOV
Nov"
81
"278% Deb
59 M» Mar
39 Mt May 28
Sep
15% Nov
95
77% Aug
May 31 £
10
20% Dec
7 Mt Mar
•
4r
Oct
Sep 23
112
38
67 Ma
Apr
9
3OM2 Oct 0
2;
53 r; Oct 3
■.
3, SeP :9'
6 Ma Oct 10/
20% Oct 9/
xl3
Sep 10"
115, Oct '9
43
Oct 10
113% Oct 10
523% Oct 23
.39
.-5
————10
/
21
class A—12Mi Sep
*
—10 /"• 50
OCt
Preferred 4% series ————50
Corp_—,,-,—:-l
(J I) Co————25
Preferred
__i_
100
6a%
;
61% Jun
5,
1073/4 Aug 12
1 113% Jan 23"
34% Jan
Dec
78
Bange for Previous
Year 1945
>
/•
'
;
No par
Mills
Carpenter
10,100
13
573/4 Apr 22
343%
Jan
52Ma Apr
"24Ma July
33% Apr
9
48 Mi May
Dec
Apr
95
30'
42 M4
17 Yt
Range Since January 1 , ;
Lowest M /' Highest
9 per share:
9 per share
*
Ry Co—
/^Capital Administration'
$3 "preferred A
180
f
Apr
64
Dec
49 Ma
69% July
•.
Dec
25 Ms
:
Oct
99Ys
21
100
Pacific Ry —————25
Southern
"
1,100
.
Ale
preferred
Canadian
1,300
1,100
.I
16Mb
39 Ma
63%
Canada Dry Ginger
73,000
53
433%
'•
25
38
18% Jan
9
73 Ma Jan
8
72% Deo
Jan
21/;
Mar 26'
112
Dec
10
18 Ma Aug
10
Dec
Not
10
Jun
35
Jan
•13%
66 Va May 10
i
28%
98%
155
Jan
23
Deo
Sep
79 Ma
—~1
Calumet & Hecla Cons Copper.—_5
Campbell W & C Fdy,———No par
'
118
42 Me
-16
153%
39 Ma
-
118
413%
6Ma
-»
12Ma:' .123% -M
*51
117 Me
15 Ma
38 Ma
"
39 Me
6 Me
37%
:•
1,900
6,900
54 Ma
123%
43 Me
10
30*
Jan
16
'.
NOV
35% Ded 4
Jan
48-,
Dec
Dec
63
Aug
127
10
13'%
Oct
31Ma Oct
23
:Jan
35 Ma
Oct
1083%
Oct
26
31M2 Sep
Oct
103
Oct
20 Mt
Sep
14 Jan
120
Oct
7
,,,
Packing/^—0
preferred
Callahan Zinc-Lead
7,200
-
*
133/a
51 Ma
38
«
6Ma
156 Ma
123%
12%
15%
'r-
17
65
Mar 22
313% July 11-
Deo
109%
22% Aug
.
STOCK
5%
12,100
43
50
,
;116
43
-
12%
43%
.
•116-
45
.-California
50
14 Ma
116
51%
*118
433%
16%
•
3,800
Jan
Oct. 10
/.:/13%
,; .w'./^ par
......
Shares
,
21 Ma
,
"12%
12%'
7'
6 Ma
.
:
19 Ma
52 Ma May 10
Sep
preferred—100
——10
EXCHANGE
the Week
c
33%
, 2b3%
>L:.i 13 Ma
133/a
51%
12%
'
523%
57 Ma
117%
*42-'
Ma
323%
55Me
113%
123%
165/a
119
6
'3Ma
.
20 Ma
13 Ma
"
.
*43
13 Mt
53
mm
-55:
3%
203/a
:
43
44%
*43
.
a
115
117
j
56
6%
6 Ma
13 Ma
43
•:
31
•;3.-
./ 2l3/a
117
16%
*117%
:; 33%
46
12%
30 Ma
*54%
56
13%
% per share
$ per share
313%
3 Ma
6 Ma"
21
-
14
120
*44
-
3%
6%
22 Mt
133/4
;
30%
*54 Ma
/
Oct
:STOCKS
I per share
32%
55
'
33/a,
3%
*12%
*53
56
*55
6 Ma
22 Mt
t per share
,
323%
32
32 Ma
56 Ma
-
14
6
36 Va May
112 Ma Aug
Jan
104
99%
100
Co_—___—-No par
•
I per share
f per there
Jan
30 Mb Feb
Sep
18Ma
preferred'-,—100
NEW YORK
Sep
47%
83% Apr 10*
May 31,
Oct
75
23
4% % preferred
,^^_I---100 "> 105
Butte Copper
Zinc~———
5
4Ms
Byers Co (A M)_
—
No par"
15
Sale* for
,* Friday
103%
17*
10
common :—
V'. Participating
Byron Jackson
120
,
<'
22 M,
PRICES
Wednesday
/
16
»,
22"
1
2,400
8:
Jan
46J
Oct
38
r——100 ;
Bldg:7%
Bros
Jan
58'
Sep
2%
i
112
58
' 16
———-No par
Inc.i——-J-5
Co
preferred
Butler
160
.-
6%
Bush Term
160
3,300
5
100
157/a/
21 ";V:
23 Mr
20
*
24'
107
-;
5
.
*100 M 101-:
103 y2
x
r
•
*
•106
5'
15 y8
16%
IGOt
??:
77,
:
23 Ma
Ma
105%:
4Mb
.
15
.
23%
23
105%
105%"
5
/
77
76"
23 "
24%
.-
105 Mt
//*
•
2,500
80
:H *75
80
14,500
7%
7 Me
.
10
v
35
15
xlOl
Mills Corp com new—1
4%
preferred
—
100
3Va% conv 2nd preferred-^—100
3%%
preferred
—100
Burroughs Adding Mach
No par
Bush Terminal 1
—
1
f
1,100
'
14 Va
14
7.Me
75
-
n
141%
•75
/
17 Ma
23%
•
79 Ma
78
*102 '-r 103%
103 Ma
23
79 Ma
23' "
5 MB
17 Ma
17
*102
7 Mb
;
100
100
Watch
Aug
10
45 Ma
100
$3.60 pfd
18
Sep
25 Va
"ri Burlington
160
100
7
7%
..
24 Ma
106%
5 Mb
;■
133/4
17,600
106
100
•*' 101%
*100
„•
*
106
100 'V
99%
14 Mt
:
106
*104
101 y2:
14
K.
79 Ma
106%
106 %
5
•
19 Ma
•
./•/
80
•
.
♦78%
24
■
105 Mt
5
Wi
19%
*99*
101 Ma
7 Ma
24Ma
18 Ms
106
7 Ma
107
20
100 Ma
14 Ma
5
Bulova
100 Va
14 Mt
•24 Me
Bullard do
1,400
106
14%
*106
1,900
40
101
14 Mt
Mt
23%
39
1053/4
14%
*78
22 Ma
39
1O0 Ma
14 Mt
*80
22 Ma
1053/4
*99 Ma
'
22%
38 Mt
20M4
101 Ma
*99
22
38 Mb
•
1
Co
Buff Niag El Corp
22
r
106 Mt
,
Forge
38 Mt-
25 Ma
40
•
101
105
102
106
*101 Mt
V.
No par
'
2,300
.
17'
Oct
72
6,000
25%
>
-
2,500
71%
*98
.
153%
26%
;
•
22 Ma
125
Apr
114M4 July 31
52
303/4 Oct 10
42 Ma Sep 4
Oct
9
37 M2
Sep 24
101
Sep
3
43%
5
153/a
125
37
33 V* Jun
Oct
*21%
*100
• :
1
29% Nov
,
Bruns-Balke-Collertder
11%
,
20
'
773%
75;/
■
:
24%
May
12
21
:
15':
••
*123
124
,1,000
,V.
Sep
42
101
213%
20 Mi
22%;:
15
.
104% f /
*102 Ma
54
.
5,200
35%
>*34Ma
36
104 Ma
*103%
vC.-\;
Jan
12%
:168
25
35
Dec
12 Ma
32 Ma Sep 20
15% Oct 9
Tnc_—————2.50
Brewing Corp of America
-15
Bridgeport Brass Co—
No par
Briggs Manufacturing—
No par
Briggs & Stratton
No par
Bristol-Myers Co. new-^u—2.50
33%%: preferred
100
Brooklyn Union Gas
—.—No par *
Brown Shoe Co Inc com
—15
$3.60 preferred
—r___No par
1,900
/
Sep
37 Ma
14
136
Jan
13
28
26
144
I8M4
Dec
DeC
35% Jan
0
/V
Branlff Airways
1,000
Feb
114
Jun 25
17%
42
28 3% May
9
10
.; -
(assented)_100
;
263%
26%
26 Ma
26
*35
34 Ma
104 Ma
Maine RR
/
9,100
109
10
Oct
Oct
88 Mi Sep 24
Class B
Boston &
10,800
-
*107 Ma
109
■
Bower Roller Bearing Co
50
Oct
No par
A_:
clasS
Co
300
33 Ma
"25/'v;./:-
325/b
233%
Ami
i
t
35/' Aug
5
& Brass——
7,700
:
16
*47 Mt
46%
*107 Ma
26%*
34 Mi
,
"-■V/44'
109
91
14%
;
14%
.
200
18.
17 Ma
,
15
22
—w—No par
Bond Stores Inc common
1-1
Borden Co (The)
—j.
15
Borg-Warner Corp
——
5
"
3M2% cum preferred
1
100
1,300
5 Ma
49
/•■;. *85
91
23%
"
;
26
'
1013%
17%
.
*85.
4,700
9,800
102
*48
31 Ma
♦103
•
.
8,700
473/8
:// 5
25
16 Mt
10Mb
-r
27
16
17%
;
41%
"/
*99 Ma
;
.
4MB
33
44
22 Ma
:
/ *123
,
79
3A
1013%
101'%
153%
11 Ma
11
79 Ma
22%
;
,
102
...
4Mb
15 Ma
35
103
/,-
16 Mt
47
403/s
*45 Ma
95
:
*107 Ma
27%;
103
*99
.
.
463/4
40%
,
23
47 Ma
Bon
460
V
*■ 10 V/ c,">t "'j *
"0
t
Aluminum
Bohn
110
33
313/4
32 Mt
V
,
2,000
55%
x55%
14 Mt
109
27
27%:..
35
..
/ *85
253%
*107'
./'/
49
16Mb
'/■/
*
34
47 Mb
"*;■//
27
V
353%
*100 Ma
30 3%
.
5
153%
*25
49 Ma
•
101
/,• 4 Mt
*44 Ma
.
15
/
;
Ma
*99%
18 Ma
33%
: •/
26 Mb
49
27 Ma
11 Mi
38
.
r
102
xlOl
32%
45Ma
383/4
90
'/•' 90
;
333%
•
*107
109 *
27 Mt
*343%
15 Ma
473/4.
49%
18
/
15%
*25
50" k
*123
46
37
;;
350
11,100
45
9% Apr
Jan
Bliss (E W)
t
-
32 3/4 ;
4Mb
23%
44%
54 Ma
31%
102 ?
■';// 49:/•
is
91
v
»./ 33Ma
/•"
*49
23 Ma
52
:
22 Ma
107
473/4
4Mb
•■*■
49Ma!
'
*103
54
52'.:
*
25
43
Co—
——1
$2.25 conv preferred—No par
Bliss & Laughlin Inc new
2.50 ;
Bloomingdale Brothers ———No par
Boeing Airplane Co__
—5 -
2,700
423/4
*103
■?.
;
15
38
22%
42
108
"
*100
5
."•/:*) 15
15%
34 '
& 40%
102
.«?} 91
27
*107
//;.
41%
15
41Ms
14 Ma
36
21
-
20
1
55~% Deo1
Jan
30M«Apr
100'
preferred——
' 1^, '
§&
8
9
1
No par
:
(Del)
Mar
142
Feb
24% DeO
9
15
Dec
25
Jan
Oct
Bigelow-Sanford Carp Inc—No par
Decker Mfg Co
.No par
Blaw-Knox Co
;
—No par
: 13,000
X36
14%
22 3/4.
-
21
Dec
54
V
May 23
July 18
110'
9
"Dec
14% Aug
Feb
Black &
4,400
2,400
40
39 Ma
35..'...:.
•
413%
463/4
-:
413/4
7%
^
.1
.1,200
17%
19
45
333%
U -.it 17 Mb
*25
-
19
108
33
*46
'
15 Mt
16%
43
•:,<
111*
*108
/
22
45%
34
♦4Mb
91
333%
443/4
36
36
55:
*100
Ma
18
91/
40 Ms
143% *15
16Mb
•
47
*45 Ma
39%
•
'
Co
Steel
Bethlehem
11,800
f
26
36
;
Corp
Howell
;Best Foods
""
,
60'
60
58
35 Ma
18 Mt
20
&
/
24%-
;
152
153%
15%
23
1
35
19
*42
/
.4,100
16,400
700
24%
97%
152
153
56
36%
17
53%
41
102
5 Mb
57 Ma'
"
153/8
:
55 Ma
47 Mt
MB
413%
41 Ma
*106
153
4,900
34
23M4
n 95%-
'
333/4
35
47 Ma
153
40%
*37
111 ■//
953/8
57
36
17 MB
40
•
.
23 Ma
92
400
,
,
.363%,
21 *
/ .3,700
99%
*98
32
235/a
-
15,200
33 Ma
31
.
Ma
253/4
25%
25 Ma
Mt
25
■
152 Ma
0
58
■
/
31
97
333/8
Mt
93%
0:
53 Ma
Ma
55
*34 Mb
155
£':■ 15 Ma:
45 Ma
♦108
98;:
99%'/
363A
20 Ma
111
98
203/4
173/4
55 MB
25
9 9 3/8
'17 Ma
20 Mi
*108
25 Me
99%
253/4
173/4
17%
*37
34
25%
10
.33
32 % *
32 Mt
26%
34
/: 57
*56 Ma
t'J
35 Mt;
5,300
107
32 Ma
Aircraft
Oct
24
73
118 3%
4
Jun
81
Dec
16%
May 23
393% Feb 18
183A
-17% Oct 10
Oct 10
4Vi%
preferred—
106
Oct 10,
Bendix Aviation—,
i_5 :$} 31
Beneficial Indus Loan
No par
24Ma Sep 20
Sep 10
Cum pfd $3.25 ser of 1946_No par
98
Oct 10
Best & Co.—-i---—I
31
E'en
Bell &
52%
123%
—No par
1
—J-IQ/'
-—100
BeldingrHeminway
10
23
52 Mt
-.
12
May 16-
31
Oct
44% NOV
Mar
30%
109
!
50
Packing Co_i——_——20
Creek RR
Beech-Nut
600
11,500
;
18.3%
173/4
*105 3/8
106
106
107
*105s%
18%/
173A
18
18
.
101
99 5/b
*152
155
17 Ma
15
18 Ma
107 Ma
96%
20 Mt
;
19 Ma
25%
37 ;'H-
;
;;19%.
33
v
58
*55 Ma
37
*
;
33
*152
151 Ma
20%
25%
26
*99 Va, 101
200
-
16
34 Ma
,353/4
25 Mt
26 Mt
1003/4
151 Ma
15 Ma
.
Beech Aircraft Corp__
11
153/e
43%%
9
10
-46Ma Sep
Oct
112
Feb
104
'
100
100
_1
pfd
preferred
conv
cum
Shoe
Beech
5,000
15
18
35 Ma
36
MB
.;
32
15Ma
*106
26 Mt
•
115'
♦108
109
109
-
31 V
31
•28"
32%
15 '
14 Mb
14%'
Beck
60
4,200
,
15
18 Ma
*993/4
13%
33/a%
41 Ma Jun
57
2lVs
Inct new———No par
25
Beatrice Foods Co
210
:
106
16%
107 Ma
*106
108
105%
105 Ma
://
29 M4 Aug
10
28%- Jun<
Jan
66
Oct
50
5
1
r—i,
12Ma
May 24
88% Jun 17
64Va Aug 14'
Deo
35%
24%- Aug
113% Jan
19% Jan
30
'
Sep
2l
19Me Oct
50
;
CoJ—_!
Oil
Bjivuk' Cigars
:
♦105 Ma
18 Ma Oct 10
Oct 10"
13
Sep 24
66
36 3% Apr 26
20M8 Sep 10
10
preferred
Barnsdall
'3,100
2,500
52
112 3%„
112
1123%' ;
Ma
Brothers
4% %
Bath Iron- Works Corp
5,700
22 Mt
:(51
51%.
50
Asphalt Corp-
Barker
11
.
100
50
100
10
preferred
Barber
M
15,000
20M4
.21 Mt
215/B
21%
5<j0
Conv
13
—^—100
'
233%
19 Ma
19 3%
19%
170
50 Ma
23%
x ;
:r
5; 100
1,100
.
v
19 Mb
20 Mt
18 Ma
183A
18 Ma
*106
23%
112
113:
110s
•
*49
50'
16
16 Mt
.210
283%
14%
,
30%
d
36
112
112
c 114 ■ >
16%
114
1
122
*32%
36
*30 Ma
36
*31 Ma
*114
14
15%
14 Ma
1,600
54%
106%
105 Ma
106 3/4-
106 3/4
■/;
107
15
■'/
51 Ma
'■*<$
112
7,900
■
Works
Baltimore & Ohio^
4% preferred—Bangor & Aroostook—
58,600
.
Locomotive
Baldwin
"20,400
14%
28
21 Ma
:
L
67%
50'
50'
/
54
14
67 Ma
28
22'
52112 ;
'
/
49-
Ma'
20
21 Mt
54 Ma
1123/4
'
13
69'
27 Ma
"•
.
51
'
21
'■$
13
233/4/
.
,
18%
29 % ;
29*':"
Ma
223/4
22%
*53%
*112
/ 1123/4
*112
112%
*106
,
11
*67
51
■'.../ 48%
53 Ma
28 Ma
55 Ms
/
14
68%
"
1«%
69
*13
143/a
71 Ma
53 Ma
54%
28%
*112
/;
14
72
*69
22
203/4
*69
143/a
14 Ma
*14Mt
M
47% Apr
58
Apr
Lowest
Highest
9 per share
" 9 per share
52 Ma
/
10
123% jan 28
403% May 29
Sep
M;
50
4
1M4 Jan
,
'
6 Mi Apr
20
Mar
Deo"
49
27% Jan;
8
10:'
7 Ma Feb
/1
-
.,
Apr
Deo
9% NOV
32 Ma NOV
July 30/
18
128%
1133/a Feb
May 29'
58 /Jan
7
22 Mb Feb 16
147
Dec
Deo
56
Jan
47
10% Jan
20%
Dec
48 M»
Jan
72
NOV
21M« May 29
11
Jan
May 21
52
733/4 Apr 22
59 Ma
137
.
May
23
,
Mar //
1103% Jan
61% Jun
17
Jan
30
21
Feb
Mar
32
34
60
\
;21
-
Dec
58
Oct
135
NOV
Ded
49
4
103% Jan
55/
183
Jun
Jan
2-
13
8
;
Jan
333% Nov
J
5Vi Jan
35 Ms
152
Jan
Jan
10
48%
175
Dec
Deo
Deo
*164
(Volume
& FINANCIAL CHRONICLE
THE COMMERCIAL
Number 4533
1879
NEW YORK STOCK RECORD
LOW AND HIGH SALE PRICES
Monday
Saturday
Oct. 7
Oct. 5
;■/;
61%
63
21
611/2
21%
•150
20%
105%
105%
*150
153
27%
27%
■
*20%-
21
211/2
10
21-
1
*113
99
114
*97%
-
24%
-
20%
99
9
8%
29
29%
"29%
12%
12%.
13
13
351/4
35%
33
33
17
17%
16%
17%
27%
34
481/2
35%
16%
•
27%
17%
*251/2
8%::
*113
99
*22 y4
107
9
9
1,000
28
*27
28
700
Central
13
13
*13
13%.
400
Century
327/8
33
321/4
34
35
15%
16%
24%
24%
241/4
48%
49
45 /
47
23,400
*1-09
.12% -34%;
24%'
80
10%
11
/
Z
7Ver
■i
&
Cab
19,000
Mfg___w—
20 ya, Apr
31 y«. Dec
4% Jan
11%. Dec
Jan
Nov
13% Nov
115 Y*. Feb
23% Jan
17
v
42ya Feb
4-
16
-
25
.
33
Jan
T
Jan
24
10%
51'A Jan. 16
43
10
68 ya May 24
Sep
par
toep
au,
(The) ..^—___.__._1
33
Oct
55
Deo
108%
Oct
112
Nov
11
26% Jan
.
47% Mar
58%
Oct
15%'jan
2ft
Jun
6 % Mar
i2%
Jun
5% Jan
12%
28
14y2 July 11
17% Jan 25
10
5% Oct-10
Jun;
34y* Jun
"
13 y»
131/8
*7%
8%
:*4>/
//■■
r
4%
12%
12%
33
33%
17%
18%
5%
preferred.—:—
4_.50
Chic Ind & Louis Ry Co cl A..25
/ Class B_——No,par
3,700?
2,800
2,300
Chic Milw St PI P vtcgt.__._N19 par
43,300*
..
V
Series
17,400-
12,300
.
A
preferred
11V* Oct 10
7
Sep 24
3% Oct Iff
liya Sep 1ft
30% Oct 10
"
t.._100
.
40%
40%
8,600"
19%
19%,
2,80Q>
«»
V
7
48%
*59%,
597/8 >/
"f'V ;'v4ft
161/4 //
•V.«.
*151/8
20ft
30ft
v
"
141/4
I4y4,
.
9
*87/ft
"
■
Copper Co
Chrysler Corp..
Cinn, Gas &
111
*107
V"24/:w;
Preferred
24
24
24
23%
39%,
39 y8
39%,
39%
39%
30
39%
29%
30
29t
30
10%
10%,
'10%
10%
97
*94
97
*2ft
*ioy*
11 v.-.-
/
97
97
20
*95
19%
20%..
24%
19%
19%.
47
46%:
/■:
221/2
A 39
38
^
27%
10%
10
1ft
*92
95
*92
95
19%
19% /
45%
45
25
13,100
-
*
3,200:
f
.10%) -10%;
,
.
,
19
92
.
2,200.
.
20
92
-18%
■
-
19%
7,900
•
'
49
°45%
*165
!'
>43%
/v/ :
*165.
180
'••"*95.
/•.■ 105
*57
/
*110 %
21
59
106%
106%
*100%
103
/.'■<
y«
*26
21 %
29
*43%.
*28%
44%.
*163
43%
/
170
180
*165
105
*93
105
110%
57,1/4
110%
110%
57
110%
110%
54%
*106
*100%
2iy»
,21%
<
;v'£27%* 28%
42
167
:
55-
"-.55'
/
*106
-
""
Clev EI Ilium; $.450
Clev Graph Bronze
"""27%
14
;
pfd___
No par
Co. (The) /._._1
17,500
3,000
Industries^
Clinton
t
Nov-
1
6ft
Deo
19% Jan
37%
Dec
49
Jam,
59% Oct
-54'
Jam!
64
*23
54
;
42
42
42
2,300
167
*160
167
20
Cluett
/
Co
Peabody &
11
53,
10
141
19 / ; 27%
13
114
ZL_1'00
Sep:
4
152% Jam
41/
.
2
May/ 8*:
Deo
48
Nov
91%
my*, Deo
Jan/
1
'-
42% Jam,
58
Aug
20% Jam'
SQ
Deo
9$
Jun
23
Nor
9% Jan
49
72% Dee
Jan
Feb,
QQ-
205?,
Deo
Jan
170
105"
May.
z
: 68%
Jan
Get. 5
,f;>:
tperehara
/
63.%-
63%
»63y2
/
.48.%. .49 -■//
/
*103!
■
104%
39-
-
11%
/
:
Ife
.
,
*14%
'♦13
*13%
.
33 % ';»/
32%
39%
'
22%*
22 %
r>
3%
3%
118
lift
•
15%
>27%,
"
/
"
34%
5%
26%
26%
45%
20%
>18%
'
20%
88
89
38%
/
16%t
16%
*103)
34
100
93% Jan
41% Sep .
v
35%-Jam
T
140
Apr
55% bet
26^4,
106
48%
13%
'
r-
16%?
481/*
20
20%
lift;..
113
«
55
14
16'A
16.,
'
,49%
50
-
11%
35%:.
*105%
*60%
191-
^
4%
35
/:
*13%
'/
54 ya
•-
106%
,
54%
-
49
?vv-
13,%..
;
*53
9,"-
35%
15%"
16%
16
ri-16%
46%.
48
54%
13%
*53
;
13%
4 :-
557/»
.
i
'
39%,
*102%
-"
60%
62
191
-
192
*
m
4%.
Q
4%
34%
35 y%
2ft
27%
106%
.
O-
8%
4V*
34?
13t
54%,
*28
28y»
28%
2"
26
36%?
35%
"
52
50%
27%
.105% 105%
.
35%
5ff%
27%
,107
107;
116, ■ 116,
36%
•/
60-
'
27% *
-/
*194
-
60%.
34%,
15%
•
36
16,
;,/./'
v
,
*47
320
48%.
/
,13%/ 13%
8%
4%.
•
/
.
v
B
194/
-
io3yar
28 "
36
51%
-
25
*105'
prior
*Conv.
preferred^-
pref '5%
see./page<1887,
.■■"-
—^5
Oct
32
10;
15% Oct 10
'
15% Oct
«ior
34
"■
24Vnl
34
34
27
.
,
lift
lift
*116.
'
118
■
Crane
400'
28.%?
:
105
190
1
6,9O0<
3ft
3Qft
Co
.i.—25#
commoni—_
/
Sep/24 "
$2: preferred
■
..i.
.'..-I. —
..
$42ft preferred/
$4 2nd preferred;'—
m
—"-*1
__No par
Napar;
July 18
25
Sep 20
Oak '0
•
103
Sep? 19
!
lift
Sep 10-
-
17%
8% Jam
.
.
46
/
16
/
Jam
:
.
55% Nov
19% Dec
6
C
84% Feb
150i
&
Apr 121
13
Jan
43%
108% Deo
34% Deo
4X
28% Mar;
Jan
48% NoVi
.
Jun
58% "Dee
.
.
20% Jan
106% Dev
Oct
166:
Deo
t7%i Deo
Deo
3% Jam
3T
ft
40% Apr lf£
Deo
19ft
35% Jam
99% Aug?,
24
Jam
Jam 14
110%. Fete;
;
.*'■
1
Fete
38% Oct
"Deo
7X
Oct
108*
182% Jam
35% Jan 14
39 y4
53%;Jun...
26% Deo
84% Oct
Jun
101% Aug
58% Jan
|8»
62
/:
<
16% Aug
109% Aug 14
70% Aug 12
210% Mar 3ft
43.
28% Deo
Jan
47% Feb
-
59y« Oct
Deo
Nov
,:■•' 20
12% Jan
49% Jam
Sep
Deo
17 % Deo
8% Jan,
1
50"
113
29% July
Jan. 1ft.
Deo
100% Deo
93% July*
37% Jam.
106% July
10% Apr?
Jan 29
110% Aug;
Feb
40% Nov
*
Jam Iff
Jum Iff
4% Oct/10 t V 17% Jam 2ft
49% Jum 17
7
Deo
45
115
108% Jan /
26% Apr
31% Oct. 10
48*
No par
-
Crown' Zelletbaoh Corp^ 1'
45%. Deo
17% Aug
8
14% Apt 1Q-
Sep 24
Dec
22
52% Mar.
58'A May
8
„1
.U_v_X
109%, May
35% Deo
30
Sep 25
8;
7y4 Dea
34 yt Nov
July
39% May 29«
;
Nov
50>
17% Jan
67% Jam 21)
9
Creamlvf ~Whea0 Corp?
90O
2,900
>105%, 106;
100?
_/25
39% Oct
•
/
31% Jam
Oct 10
\ 26
—100
preferred;.
Cotv; Inc.—^
Coty'-Internat, Gorp^_n_
11%
;
-
34%.. NOV-
24% > Jan>
106
Sep
ft
Sep 11J
12% Oct.
52
•13(4% Dec
-
.
Aug 26
30% Feb.
56
Oy^Rov
•
Jam
23% Fete 1ft
60
Apr 24
27% Jam 1ft
1Q.
Jan 14
104% Octe 5
_ioa
3%% preferred—i-L
28
Sep- 10
(The).™2:
20% Sep? 24.:
Crosley Corp (The)/./-. -----No par.
^30
Oct 10. ;
No par
Crown- Cork.
Seak.___
100>
51%
LOft
.
4,700. '
14,700;
1,8001
28%,
25 Yz
105".
3%.%
■Preferred?'
2,700
Z
* 35
*51%,,
,
*
Trust Co__Z.___20.
Corn. Products; Refining—
17ft
Jan
25% Deo.
•
x23% May 2ft
/
a
52
i
.50'
CorpL__g_l»
series___,
'
4
104%,
28%
52
27
/,....
35
•lot
23,%
52
/
3,60Q.
-
'
fi%-»
8%^we:-*1/*•
Bank
Corning- Glass Works: common—^5?
-
62%-
104%"28'r
25%
•
7,100
195t
28'
32?
26%/
-H6%.:XL6%;
62.
23%
—
51%
106-
,
*194
8%
4%j
33%
Cora; Exch
500
Feb
;116%, Deo
Deo,
26% Mam
49% May 23 ;
12% Oct
__5
24
:
10
46% Oct.
'
Dem
53% Sep
Jam.?
29 % Jan
3% Mar
Mar 2ft
18% Fete ft
63
Jam 1ft
10
Oct
Oct
H Jam
80-
25% Julfrlft
47
9
10
...Nopa^
Cornell-Dublier Electric
-
11%-Deo2ft'
28% Jan
23% Apr 20'
'<•60
May 27
/ 33% Jan 17
34% Oct rov
/
Nonpar,.
__1
8% Oct
47
_1
u
)WW—wpwyi..'.IIIHU H'/uia' IP
For, foatnotes;
•
-
Deo
^:
109% Jam 2ft
•:/
12% Feb 26 «* 22
Sep 23 / 109 ya
s
53%
33% Sep 1ft
106 J/2 Sep 24 / 113%
Z>.-_±14
Corft.__.
Coppery eld SteelL Cat.__*_
<
*105%; 106%.:
194%,
4%"
31%,
35
50/
....
2,40ft
,
'
■
28K
■26%-
"
:
55,
54%
26%,
&
8^
34
24%
27%^/
$3
160 V
-♦521%. 54%.;14
13%.
*105% 106%
60i% 61%.
62
4%r "4yg
.33.
104%;
28%:
106
*105.
>116%, 118
2,600
;
Steel Corp
Cooper-Bessemerr
,
36
|01
.10'
Insurance;—;
-Motors.—^
Continental
1 2,400.
,
g__
NOV-
50?
19 % Aug?
,
/..•
Nffpar
Continental. Oil! of Del/u
2,400
■!;
No-par :
/—20
No par,
80% Novr
Novt
llff
July; 15
32V* May 13.
5% Jam 31:
132:
Fete 1
36 ya Jum 17
/
18% Sep;. 6?
40% May 13
V 55% May 13
10% Feb
6
,115% Mar 15,
V
54% Ap» 18'
9
35% Sep.
46% Jun
;
4% Jam
26
lll'ASep. 25
Diamond; Fibre__/_/g_0
Continental
10
24
'
Mar:
Apr 22 ! >-136
■:■•
,18% Sep 24
„_20. /
Baking. Co.
Continental
;
18% Oct
16'/2 Sep
v
1
America
preferred;
$2.75
?
18
No, par.
Cam Inc^_—
Continental
1,800
26,100
16,100
/
'
2
/
50% Aug: 12
59% Jun?/ ft:
.
9.
/, 42% Jan
/
100
pfd:
Inc______
preferred----,—,
'
55T" Z
26
199-
*
26%;
'
-97
•Z
*105% 106%.
"35%.
*101
"
194,
4% ;
36'
-
31. ' Mar:
Vw 31/
123
.
•
v
106%
62%,
62
193%
1041/4,
25%
28
*105%
62 y*
192
*101
271/4-
*115%. V3fc
f
$5.5Q
Continental
100./ ;/
16
16
/
2,000
11.
>
Continental
,
200
-
Aircraft/__,_1
6%
$4.50 pfd
Container Corp of
13,400
48 /.
Stores
Consumers Pqw.
,
*
10%
Vultee
of Cuba
Retail
8,400
9-
47,
;v
Consolidated
RR
r
/
24% Oct
Natural' Gas_______15
Consol
108
*105%
■:/} ft
Consolidated
Consol
200r
2% Jan;
Sep Iff
29%, Sep 4
111
v'
50%. Jun
,
*106% Apn .Iff.
.
6,000
/
,:
V.
-
No; par
I051/a Sep
4
'$5. preferredL_t__
Na par
17 'A Sep 10
Consolidated Grocers.; Corp.._ 1.33Yst /
Oct II
Consol Laundries
Corp.
/_
.5; V * 15
•
2,300
•
19%Mar:15.
Edisom of Ni Y_
4,300
16%.
10%
12%.
13%
55% 7
V
-
36% /
-
•
3,30ft :
4,200 /
21,400
//
104 %
35.
47
'13%
52.%' 54%,
2,900
"
40%
IV. 15%.
12%
54%
12%.
55
'
Sep 26*
.
Deo
4
28% Jam
.'36%/. May 21..:
"
Consol
3,90ft/
21%
106
>
56,600
;
...
Deo
,
w.
"jam.
25% Jam
Jam. 24
4ft
••
.
-
188% Dem
Now
-
4ft
; 50%t Deo
'
VM:
Sep» 25
Sep. 20
: ;! 13
,25
Sep 19
Congoleum-Nairn' Ina-_g__—Nonpar
33
Oct
9
Consolidated Cigar.—
N<ipar V
Consol Coppermines GoEp._
/
5% Oct 10
___5
9,90.0r
>112%/Xl3yb.; /
15%,
-
-
•
,
-20,
21
34%, 35%
15%: 13%
15%
*47»4 48 Z-
/
13% '
12%
*35%,
r
14
:,■,
/" 28
Jam 29
7
Conde Nast Pub, Inc: naw____Na par
900
r
r
>18%,. 19%-
15%
/
16,300
3,70ft
2,600
46
19%
.
-
35%
*ro5y2 108//
?
8%
8%>.
-
16
%
104 yv
10
34%;
.
X45
38%
14%,
47
/
;
Jam 14.
Jan? 28";
36% Oct 10
100-/
Napor . /
$3.60 preferred/—
1
Commercial. Solv6knteg__^
Commonwealth; & Sauthern..Nrnpar
20%:
"i- 18
Y
34
11%
--
~
/
19%
37%
49%; 1
/
10 Vat
/
48%
13%
-
8%r
/
Nov
10ft.
-
<t/3«%, Jam
Jam 14-
'47
/ ' 36% Sep.: 2ft:
__10
i/
Oct
82
v
~/
$6 preferred serieft_t__T._-_Nmpa»'
Commonwealth; Edison Co
—25
257/s
20.
r
Credifc—
22
/
w m-—-Napar.
5,500
/
.
^
H
..
Oot
731
.^t^.^ete J
"101% Och
Jam 1ft
,.:4;7i
Sep 3ft
8 % Sep, .24
33% Sep. 10
No par
204,50ft /
//
,
.
-105%, 106.
•
/
/ :
-20%
*102
:
'
36%:.
*48
13%
*105%
29
27%
,
56
27,%
*2«%
•5ft
14
13%
28
•28%-
:
48%,,
55
,././
56 Ya
io4y* 104 y*
36%
./
:
34%
10ft- '
>105-
.38
30
•
eeh.^.-^.s—Tta.par •
cum? pfd.
$425
19,500
;
15
Carbon:
Commercial
1,410
"
/
25%
..
*112%.. 113 %
;1Q3-
34
H.%;
16 y8
16%,
A. 16%. -16%
16%
18
50.
11
■
J - "35%
20
V:
;,\ 35.: ./ 35ZZ/
5%...5%
-
/
1
15%,
" 46
18%
15%
15
•
Zi 39
Sep 19;
14y4 Sep/ 10,31
Sep.. 10
,..
__2.50
.B
Cblumbua &: Southern. Ohift ElfecuLlO*
;
8,10ft
31/
X14
-
'
17%'; rl8
397/8
.103
*105
106%/r...fti;- ; 9.y»,
.3%.
<
16,%
34%,
15%.
2ft:
:
«
26-/:"- 26-.-
5%
18%
38
k-
25%;
45%
r412%^U3%
•
it.
20%
:
-
Columbia
30ft
118%
30%
.
33 %,
,
20%
17.
20
105.
34
46%
19%
:
•
40%
*103 t
.
34%,
106%
117%
,
26%,
18%
>
18
Class
•41
" Sep?. 13'
-V13
-
Columbia Pictures. cotmi-L__.No' par.
-
19,300
'
'
*55
2ft
/
14
.
15 %t
preferred!..^, WO/
Columbia Gas & Elec__—
3,50ff
r - ■
•-:.108%..110'
:
///•::21%;/:22%};//
/ 3ys., / 3¥ai,
105%, 106
,
.
20%,
45 ya
.
113%-'
40
40%
14.
25
25JA,
106.%.
?
18 %
21
16
V
106
21%
19%
34%/
24%
: <
16.%..
20%
33
5%b
46%
19%//
21%
16%
48%
13 %
55
v
86
;.'38%,
fc'37.%„, .38
-
30%.
/, 13%
25%
15%
/
v>'.v
81,7.00
1,10ft
"
*83
38:
30,
r
..38"
116% 1X7 Vz
26%
33
106%,
*16
♦
16%
14%
35j -: :
5%.-
2iy4
IX
16%
*16
<
>
46
.35%
/
30%
26%
.
non*cUm 1st:
4%> non-cum 2nd' preferredL-u-lOff,
Columbia Br'd Sy» Die. cl; A_.__2,30-
3,40Ov
2,400
/
,
4%
.14
f
-
.
'
31
'9%: ^ 9%
■
20%. ,2X%
3
.3 »/a
/
118%
30'/a
Colorado & Sautfterm/__„—,i«. JtOO
183)
Max.
188 %Dete
•
;
'
8 pettshare
Bper share
130
Majp2ft
Colgate-Palmoltve-Peflft /____N®par - >" 42'A-Fete: 26". V 60% July 11
102.
lift
Aug. 20/
Sep/12:
$3i30,:preferxedU.__—Napatr
Collins. &
Aikmah—
,.,63% Jum.:/0'
I, 38Va.Ocfe.jIO.
:Na,par
23% Jam 2ft
Colm Fuel & IromCarpi.^
Nonpar
, *10% out* lfl
;
16
Sep; 3. V >24% Fete.m
?/ &% ■ cum^caaw. prafarredLg_j*_20
9ft
"^:/24%,V 24 %--:/- ;
108%, lOftt
„
3%
117%
y.
69%
-,
60ft"'
:
Year 1945
FeteJtt
200.
.
Jam 213 /;
•
>-
3,20ft
32%
'
27,%,
; •'
37%L
:
22
'
;X20% : 20%^';.
is y».
49
11%
35%
21
25%-Vf26.y*:^-
;
47
9
49/
11%;
38%.
,
<
14%'//
31
85
36%
.
>
Oct- 9
62
;
.
Coca-Cola International Corp No; par*
'
-
2,40ft
17,800
-
-
16%»
/^14%K
V-/."34y4>-35
85
'22%'
140
.
.
31..
/.
35,
•
66
3%.
5%
io&y«
106%
9%
49
'
20%/ 20%
105
*34*
r*
38%.
? .
-•«.«
r
V
9%
37
119%
30%. / 31%.
15
% 15
5%
34y4
"8%.
-
86
118%
,
35%
*103;
.
•r'35 V
3
3%
3ty»
35
106 J/w
-oy*
-
-
26%
34%,
*105
22
0.
350
—Ucupar
v.:
■
Eewerft >H
k per shasm
$ per share
130
(Xhe)#^LA,^Napae<i
Goc&tColav Co
Deo
•15te
•
Baage for Frevf—i
Range Sine* January 1 r /
';:■>/ Loweaifc.■'■:;:'xv BUghesfc ;.
•
Nov
59
-
STOCK*'!:;!;-1
V// Class.
4,100 V
>
40%
-
16,
:
"
s'
5ft
4fi lJj;.VUW,ll.%
-
39%
>108
;
104% : < w
,3ft.
23%
;108-
»A
NEW? YORK.
; •!
Shares?
; —'
48
103 %
.
i
Jun
.
53% Jam
34 y4 Jam
/
"
"38% >.39'/«;
15.%,:
i6
105
-•
f*ftQ0
r
22ya
-108'A <109^:
•
1,700?
:'//
31% 32
31%-. <32i
89?
27%.
-40%
34
K
/
the Week /
64%
*63%.
^X4%^v
15
24%
39.%:
,108%
22.y»
22%
112
41 y#
,34
Sales for
-
$• pee share?-/'
•••/
22
19%
20%
f
-
./
20%
-
33
32%/
8 %«9%,
<•
14y4
*12%
32%
:
39%
16%
/
32%,
-
/
If*78
25
45%
:
5
40%
•
-
24%
106
r
21:
V
JT
33%. /
33%*
14%
M
35%, i,/35%y
26%
-.
45%
*21%
22
•112i
113
^
<
/
5%
20%
16%-:;
>i6%
32%:
15%
106y*
20Y4
33%.
,
27
-
64t
.
Zl4%
jwdnr'-v-z
Oct. 11 ;
131,%.;
64
6
-•ssoa ^..
;*Sj00t
>12%?
:/■
♦34%
5%v
*108
4
Z
:/
27%
34%
130'
13
,
25
30%
;
"
"fpershar®
/#';
/
-
•
Ua'A- 118%,
:
31%
15.%
.
.
33%
3%,
^
,
31%
V
;.
47%.:
47%: V";
45%- 47%?4
103% 103%
*1Q:
*lQ3y4 104%.
1Q3%{ 103%
*39% ' 4Ck"
3ft
o39- --"-29% "
39%
-3
38%,, 38%
*i 11% ' 11%% - > 10%" • ii%< ,:,.<x
10% 11%,
10JA
11
16
16
16%,
ley®.;
,16%
16
-16%^
-16% / r lf
v *15'16;
/
/
'<'14%s;T5' ■ ;/V/14%>j.14%,
14%/15-;
108
•
Get; 1ft
;/.: ■;. /
,
38
3ft;
,
107 y* 108%
Thursday ;
:■/; 46. '
46,
24%
36%
STOCKS"
*
103%
33
39%
39%
"•
W-- /
s"r4ft V
48
103%
-v.-
*83
39fr
'
'
*—
25--:"?25%».v"
,
*9QftV-"'
32-32% '
.
/
-J per share
15, ;f-,
18
15^
15
32%, 32%
/'/
9% v"ft%t
34%
34%
/
=
16%
16%
*i5yt afi.ya
&
15
33%
tpershan. &
64
11%^- •/:/:,ll%r tl%;Z
,.16'«-:-'/
V *V Oct; A
134%, 134%
^30/ 1130
""130 i 130
63
*63%? 64; >-v
63%.
: 63%
135%
39%
39
Oct, ft- ".
"
104^1
*103
vii-
i6%v.ia%;~
/
,
•98ft .:. - W- /
48
~ 4&1/*
;>;
3ft-'
e
I per than
135'A
138% 138%
,
Oct*1
;.r
Nov
116% Apr
-106% Nov*
••
LOW AND HIGH SALE PRICE!
■;
Tuesday
^Wednesday
jMond^Z-;
^
Oct
115
109% Janv.
May 3E
165
105
Jan.
(' -■
Saturday^
Deo
.
Aug, 26
Feb;
60% Jun,
r
Deo
.
15
Jan-30
113% Jans Iff
Sep 18
Deo
27
29% Jan;.
52
Sep Iff "• Tf ' May 2ff
.
106
Jun 25 - 108% Mar 5
/
99% Jan
3
106
Apr 18
56%>Feb 19.
62
July 9
!. 2ff% Sept 24 "
44%Feb
4
24% Sep? 23
36'A May 21
No par /
Preferred
Jam
.
-
41
49% Jun
'15% Jan
16
Jam«
25% July 1115 ' Jan
8 1 <-AW Jan
Oct /4
109
^..1
Inc
Deo
74
Oct
25% Jan.;
;
Oct"- ft
' 38% July ..ft
Oct 10.
58% Apr
ft
Sep 10- :/ 44% May 23
Oct ft
/ 22
May 10Oct H v 108Mt Mar 5
Oct. 10
38 V\ May 11.
Sep 10 u
71 ya Jam 18l
178% Sep. 12
205 Fete 27
105
Jan
2
108. Jan, 8;
/
Clev & Pitts RR Co 7%
50
28%
'
100
.100
3% preferred........
r„100
gtd_.
50
Special gtd 4% stock.
—50
Climax. MolybdenumJ_.Na par
10
V"
60
21%
.
Louis Ry Co.
preferred——
*70
•
102
*58
C & St
600?
/
"
106%
*100%
2ft, <
C
5%
*160
/
C
imm
111%, 111%
21
27
43
•160
,44/
167
,
180
105
>93,.
-
60"
20%,
800
;457%
*165
.-
102
*58
"
45 % ;
106
*100%
60
20%
29-
43%
106
101
-
*58
2iy4
*160
106%
101
59%
28 %
*
-
43%
^
*106
106%
21
v
v-55 ■//
77
101
*57
29
-
54%
57%
i
163
163
,
180
*93
59%
*57
59%
21%,
*165
105.
111 %
*57
*57
180
*93
r
*106
*100% 103
AS-'-.-
110%
105
58%
<
*106
46%
*165
18ft
/
*93.
*110% 111%
.7 ::"
U00
:
—
33
66%
>
Cihclnnatt Milling Machine Co/tlO
v '22ya
C I T Financial Corp.
No par
I 36%
City Ice & Fuel....
No par
27%
City Investing Co
5
9%
/
"5%-% preferred
...J
1.-100
92
City, Stores
A
5 i / 17%
Clark Equipment
No par
44%
4,100
,
•-38%// /
28% /29%,. ■"
37%
:
-28%^
17%
45 Yz
V
*
'U
37%
28%
9%
-
24
23%
36%
28%
20
.
23
22%
,
..25
5
—
24% Oct 4
28
,
6% Apr
36
Sep.
i; .78
Oct
" 21% Sep
111
Sep
Elec common_.___.8.50
11'A July 8
38'/a Jan <29
82% Jan
Jan
•
,
v
—No par
49,900
25Va*
10
Oil"...,
Co
46,100
87
25.
Cotton
Chile
10
.
86
JChilds
3,900
-
-42;/'
•38
Ghickasba
800
.
24
16
15% July 10
15% Sep-19 > 43% Jan ,17
34ya Sep 24 - ' -767/8 Feb; 16 >
18% Sep lft*
,
37% Jan
6
48
Oct. U / 61% Aug1, 5
59
Mar 667% Jan-17 '
15
Sep 19
25% Jam 2 -
Chicago & Northwesfe'n. w i__lVQ par
5% preferred w i____l_.__.t_100 ; ;.
Chicago Pneumat. Tool..
No par /
; - $3 conv preferred
No par
*
Pr pf ($2.50) cum. div._g_No par
Chicago Yellow. Gab.t....—No par v V
"
*47%
33% Feb
^
Deo
22
14% Jan
251/aMay 20
17
18% Jan 23
> 667/8 Jun
10
16%. Deo
Jan
9
10
9% Oct
7% Oct
...—40
50% Deo
28%
17
17% Mar, 12:
.
Jun
Nov
21 y4 Mar
31
Apr
32
48% Oct 10
Jan
24% Oct
114 , Jan
12% Oct 10
47/8 Oct
1"
257A July
23y4 0ct 11
^
20%
4ft
Apr
Mar
May ' ft
32
<
11 y8
109% Jan
29
3
1.25,.
A__——
;
11
.;
Corp
15
24y40ct
Chicago^ Great West RR COui.tw.5j0
8,000
Sep
Jan
143/a Jan
Ill RR Co_____.No par
Class,
Chicago
21%
3,
102% July at
313/4Sep 24
.
—....Nopar
Fib Co.^JVo par
preferred—....—,__Wo
Chic & East
5,000
71/4
Copper.^
Chesapeake Corp of Va——;_„.5
Chesapeake & Ohio. Ry....,—^..25.
15,900
10,600
■
.
8%
8%
$.4.50
Jan
11
Products—__.._l._.l
Pap
18 Yz
10
Co
Deo
July 1ft
116
8yaSep
—No par
Checker.
15,800
50%
61/4.
Belt
Jun
Deo
«9'
,
26% Sep
12% Oct
159
Jan
17% Apr ?2
137/8 Jan 24
9
10
9
Sep 10
110% Jun 20
No par
No par
127.
Nov
25%
23
8.
Mills../.
71
110
Jan
10
20
Sep
8yeOct
47% Jan
104% May
14%
38'/gJun.
9,7% Oct
New
3,100
24
*6%
50%
Champion
112
3
3
Jersey....—100
Sugar Co.........
Pasco
Chain
1,300
141/4;:; i4'/8:
:
161% Jan
New
Certain-teed
3,100
.
16
81% May 27
ser.100
Ribbon
1,500
25
*
45
109% .111
151/4.
of
Violeta
Cerro de
4,500
17%
16%
25%
'44%
Corp pfd 3.407*
'
35'/4
16%
25
108%,
15%
tCent RR
9
27
15%
14
I per share
26
Sep
22% Jan
2ft
Sep
Hudson G & E Corp.No par
4%% preferred__10Q
13
w
23% Sep
109% Jan
xl40
Central. Ill Lt
Cent NY Pr
29
231/4
■106% 106%
•Hi/a
15%
Central
100
13
,
9
10
19
Aguirre Assoc-__-.__._No par
Foundry, Co—___—_J___l
28
<
™'_100.
Highest
$ per share
Sep
_
Central
Lowest
191/* Oct
104% Sep
of Amer new.Nopar
Corp._^u_w-,-.-—»__No par
preferred—
20
Central
.
A per share
55
1st preferred-/.-.-No par
2nd preferred—
5%
40
^
7%
No par
Highest
$ per share
Par
Tractor.—__
Corp
Year 1945
Lowest
Celotex
3,700.
115
*96
27
497/a
•
-<:9% <9%,
1
.
,
"
10
*25%
271/2
48%
^49%
9
*8%
8%
29
<10,500
500
;
5,200
17,200
•
'
21
91/4
113
*96
:
.
$4.75
W 90
■
20%
20%
••9%.-*0%:
113
99
/</••/ 800
1
281/4
•
*20%
91/3
113
450
Celanese
28,400
„
106
Range tot Previous
Range Since January 1
,
Caterpillar
3,600
21%
.
.
26%
v
.21
8%
9%
'
20%
*96
29
-
21
.
9%
91/4
.
201/2
;
113
13%
8%
20%.
.26%
v
•
.
EXCHANGE
/,v Shares
61
150
24%
8%
>
20
106
97%
97%
*281/2
9
>
,21
20%
1051/2
151
105%
114%
*113
•121/4
*8Mi
191/4
60%
V
STOCKS
NEW YORK STOCK
/
the Week
S per share
61
*150
26%
21
•
.
"9%
X9%
■
<
99
1.50
•
'
,
59%
207/a
150
v.
t
.21%
' 9%
21%
.9%
<
9%
9%
1141/2
*971/2
153
'27,i/a;..;
»2C% : 21 "
:
'
.
97/8
9%
9%/ 10
•113
152
.
60%
19%
' "
$ per share
> 103% .106%.
>•/ 26%
22
21%
10
:
271/4?
.
*20%
21%;
i
153
x26%
:
60
:
21.1/a -21% "'
".*105
106 ;,//
211/2
1057/a
.
i
Oct. 11
Oct. 10
$ per share.
Sales for
Frldav
;
Thursday
Oct. 9
,
61%
61'
/
Wednesday
-
v,
.
# per share
•
1057/a
..v,y
Oct. 8
;,;s
# per share
tper share
63
Tuesday
•/!
■
:
53/ > Deo
30% Dec
112*
Nov
124
Nov
ft \JAFOttrfMsire
& FINANCIAL CHRONICLE
:imrx sAAlAJ
THE COMMERCIAL
RECORD
NEW YORK STOCK
•.../>
:■•<•-'•
Saturday
'••21)
19
v". 23%
•
•>■••
v,
|';k
•V'»; *90
54
/
"'■'•■110%
116
*67
68
67%
•
\6
6
'
'•°18% H'8%
'*125.'
*125
140
29
29
•
11%
12%
11%
12%
112
110%
HOV2
140
19%
19 V4
21.;
19%
19%
19%
*'
140'
*125
29%
27%
27%
26
27
20
19%
19%
18 3/a
19
*19%
18%
19%
■
18
17%
18
140
125
5%
5%
*19
29
.'20%
17%
18%
140
*125
28%
*
70
70
5%
5%
6
;
107%
107
69
69
68
18'''
•"■•
,
29 "
•'
'
49%
13
-v
18%
491/2
5%
'
"•
6
5%
18%w 18%
T'-
17%
50
68
68
.'.
17%
53
*110
•
-■■■"■
99
♦90
99
17%
48%
*50
2,900
21
19%
19% "
"
Lowest
Highest
0 per share
0 per share
35%
111
Jan
Aug
Nov
42
Deo
V.
29
Mar
16
145%
Jan
25%
Jan
99%
Dec
,
28
Nov
56
Deo
24%
Oct
75%
Oct
9
5% Aug
Nov
'
Oct
30%
Jan
Oct
125
Sep
25%
Oct
154
Jan
118.
Nov
102
Apr
18%
Sep
51%
Mar
59%
Deo
*150-
Jan
9
122%
Nov
52%
Jan
87%
25/
-
39%
43%%'%
7,200
99
99
'
100
17%
18% '
1,200
*44
50
'!'/"•
400
12 Vi
12%
31,400
*107
110
150
69
70
1,200
5%.
6
K
36,800
17%
18
5,700
*125
140
—28
28% S- ' 1,600
39%
35
18
12 /
113%
*165
36%
35%
*90
Shares
100% "< /. h 1.100
23% %>/'••'
430
17%%''':
17% 18
6,900
175
• • /i
*165
175 ;/: % It-
99%
175
165
99
17%
'•!•.
12%
12%
12%
*114
18%
18
12 %
171/4
'17%
175!
37%
99
••*50
55
*50
18%
24%
37
*17%
18
•
24 %
' Range Since January 1 *'['■
Highest
r'.''"'V Lowest y
9 per share
Par
$ per share
54% Feb 16
Crucible Steel of Amer
No par
34 Sep 10
115 % July 9
' • 5% preferred—
-j.
100
99 Sep 20
46 % Jan
8
Cuba RR 6% preferred
100
22 Oct 9
28% Jan 10
■ : Cuban-American Sugar u—
—10 V , 17% Oct 10
165
Jan
8
:<m7% preferred
a_100
160 Jan' ; 5
66
Jun 11
f-Cudahy Packing Co
30
35 Oct 10
106
Mar 25
v ; 4%% preferred——-.—100
98 Sep 10
24% July 8
- Cuneo *Press Inc new
;——5
17 Sep 11
82y4 May 16
Cunningham Drug Stores Inc—2.50
45 Sep 19
26
Jan 24
Curtii Pub Co (The)—J
No par
10% Sep 19
146% Feb
5
$7 preferred
,,
No par
106 Sep 26
76% Apr 29
Prior preferred
No par
60 Sep 11
12% Feb
4
Curtiss-Wright
1
5% Oct 10
34 % Feb
2
Class A
!
___
I—_1
17% Oct 10
145
July 18
Cusiiman's Sons Inc T%-pfd
100
129% Jan 30
45
May 20
Cutler-Hammer Inc
No par " 26
Oct 10
23%
24%
22
;
36
35 Mi
997/a
36
34
35%
101%
Range for Previous
Year 1945
8TOCK9
NEW YORK STOCK
theWeek ./VjVyy y/y EXCHANGE •
t per share
share
101'A
34%
101%
,18%
Oct. 11
vvy'/'-
22%' 23 '-nwfc
37%
36
i'". '*90
'
'
.
f per
share
102 '/a
*165'
175
36%'
-37
'••: -99
18
t per
share
1
36
'
18%
18%
*165
J75
*90
Oct. 10
101%
104%
24 *<"
*101'-
19
■>
•
"■"36%•'
"
•:' 25
*165
Oct. 9
'•
:
Sales for
Friday
Thursday
I per
36%
36%
36%
105
'
Wednesday
Oct. 8
share
* per
6 perthare
36%
*102 %
Tuesday
Oct. 7
Oct. 5
SALE PRICES
AND HIGH
LOW
Monday
~~T~nn
-
Monday, October 14, 1946
37%
Apr
Deo
mms.nisi
20
*19%
."20
*19
•/
29%
,
291/2
113
46
.'Us
*46
'
37%
38%
30%
'30
24%;
24%
*60
66
*17%
34%
437/a
17%
17%
17%
18%
16%
*
34;
34
*32
43%
:■'•/ 433/4
16%
17%
29%
30
29
29%
1,600
Dr.
25
26% ,;
27
27%
7,100
Doehler-Jarvis
16 3/4
17%
17
17%
7,400
Dome
Mines Ltd
No par
2,900
Douglas Aircraft
Jfo par
1,900
Dow
161
158
17%/.: 18
16%
\ 37
181
179%
127%
36%
180%
170% 174
126
*112%
127
126
1123/4
112%
14%
113
14%
14%
175
127
127
500
114
190
*1123/4
1123/4
112%
5%
W G Cigar Corp
Duquesne Light
D
1,700
15%
15%
15
14
143 y* Feb
111% Oct
15% Oct
93
Oct
16
Sep
30
Jan
169
Sep
125 y4 Sep
preferred--—«—100
1
,
■
,
Saturday
Oct. 5
Oct. 7
4
the Week
Oct. 11
)
1
Oct. 10
'
■'
21%
203/4
25
23%
25
*192
198
*193
"
42
v:
.
/.
105
*102
..
23%
.195
C
42%
9
10
19
19%
263/4
*26%
41
403%
403%
41
200%
202 3/a
204
194/; •'
191
42
39
112
*109
110%,
110%
18%;/'
*108%
:
54%
14%
14%
14%/;,! 15% U
36 Vn
37%
353/4
'
■;
54%
15
-54%
53%
.
Ti
15
.•
*37
37%"
3%4 3% ■
••15%.; 16.- /'
:
,
,146
146 ;r'
137%:;.;
;
137%
40%
:
47
'•
40%
40
47
47%
53
?/ 33%,
;
133/4
v
143%
135%
40%
403/4
40%
40%
47%
46
46%
46
47%
14%
13%
13%
12%
13%
20%
20%
193/4
20%
19%
106
*104
*104
106
63
107
107
106
106
23
21
68
*105 J
:
103%
107% '
107%
108
*106%
108
106%
108
3
/'
•
„
3'"k.
3%
2%
3
10%
10%
10%
10%
10
55
55
54
54%
54
/:/ 3-/&
Vv 3
•,
93A
.10%
2%
10%
*106%
k
27/8
.
:
11
.,v
1
39%
17
17%
3oya
40
40
41
37
37
331/4
25%
56%
52
22%
87/a
22
8%
22%
104%
.
22%
22%.
♦103
.
21%
21%
V
103
*36
38
35
34%
33
33
; 33%
12%
11%
12
10%
25%
26
■;<*
106
26
25%
*105%
24%
*105
106%
22%
104%
.
k
21 %
r
36
33
33
10%
10%
23%
y /'./vv
33%
33%
•;
10%
11%
"
24%
105
105
v
26
24%
:
-
v'
106%
*105/8
•:•
Morse
& Co_
Federal
$6
20
preferred
Smelt Co—
Federal-Mogul Corp
Federal Motor Truck
Federated Dept Stores new
Federal
600
4,400
12,500
Min
Ferro
1,700
217/8
217/»
22%
22%
21
21%
21
22
*21%
22%
54
54
54
53
53%
52%
53
51%
53
52%
52%
1,800
Fidel Phen
59%
61
59%
59%
59%
60
57
58%
56
563/4
58
59 3/a
6,600
Firestone
♦105%
107%
*105%
57%
57%
107%
57
19%
:
29
27%
110
*107%
'«
12%
*14%
19%
♦107%
533/4
19%
18%
,
18
26%
28
♦107%
28%
110
110
35
35
35
34
34
16%
16%
16%
16%
163/4
13
14%
85
85
82
233/4
233%
22%
23
*26%
23%
51.
18
18
*17%
99
102
For
23%
26%
*26%
23%
23%
.84
23
26%
22
*
26%
>
/ 49 3/a
49%
19
17%
18%
32
33
32%
33%
102
102
footnotes
see
page
102
1887.
102
'
47
-
*17%
31
*101%
14%
13%
80%
.
/
82
223%
22%
26%
26%
82
-
223/4
48
22%
47
23%
223%
47
•
18
173/4
31%
31%
102
100%
101%
*163/4
173/4
32
48
26%
•
2,400
3,700
*
Jan
29%
Oct
Jan
V 29%
NOV
Mar
100%
Deo
Jan
167%
Dee
Jan
65
115
27
12
Oct
Jun
33%
Apr
Deo
113
111% Dec
30%
Deo
34 Va
Mar
20 y* Aug
Deo
Oct
155
Jan
192%
125%
Jan
129
Feb
113
Oct
117
Mar
Year 1945
1
9 per share :
9 per share
•
VV;k#
Highest
Lowest
Highest
^
1,800
1,700
17%
33
101%
101%
~
500
6,500
140
13
9 per share
31%
61
263
209
May 16
Jun 10
Apr 24
1
3
2.50
50
Corp
21 Va Sep
8
Oct
20
Sep
No par
100% Sep
2
35
Oct
5
26
Feb
No par '
10% Oct
com—*
23% Oct
-100
104
Sep
1
19% Sep
51% Sep
56
Oct
106Va Jun
53% Oct
18
Oct
25% Oct
105
Sep
33% Oct
16% Sep
20% Oct
20
10
12
10
9
10
23
10
Rubber—.—--25
100
preferred
Stores
(The)
Steel
liy4Jan
10
Corp
Food. Fair Stores Inc.,
Food Machinery Corp__
,
71
10
Francisco
Sugar .Co
Froedert
Fruehauf
Grain &
,
Co.
,10
Malting Co Inc.-l
Trailer Co common
cum
No par
preferred
1
.100
45'/2 Sep
108
Feb
70
Feb
287/a July
35% Nov
229
Deo
Jan
200
Jun
'
*
49
\ 66% Oct
Jan
Sep
109%
Deo
Aug
104
112
Deo
'
106
13
Dec
42%
Jan
71
V Deo
14
Jan
24%
8% May
3%
19% Deo
Jan
Jan
103
Deo
158
Jan
109
Deo
V;7% Dec
4% Aug
146
Deo
43% Aug
55%
Nov
34% Mar
48%
Oct
21% Aug
Jan
27 Mi Dee
29%
20 y4 Mar
Deo
81
Mar
62
Sep
16
Jan
37
Jan
106
100%
Sep
100%
101
Sep
I
May
Deo
107%
103
:
Deo
;
July
108
July
109
July
AV* Nov
12%
Jan
20 ya
68%
Jan
86
Jun
Deo
80
Jhn
92
Nov
Deo
II Mi Jan
20 Ma
15%
Jan
28%
Deo
42%
Jan
ei%
Nov
Jan
9%
Deo
6
42% Jan
25 y«
Jan
■65
NOV
86% Nov
20%
Deo
Jan
20 Mi
Dec
12% Mar
17
Oct
Mar
110%
25%
Jan
42 ya
Dec
23 Mi
Jan
32%
Nov
9%
Jan
18
Deo
104
'
103
Jan
21% July
50
Jan
53% Mar
105% Apr
42% Jan
1
23 Va
Jan
107%
Apr
34% Nov
63%
Deo
70%
NOV
110% Mar
60
Oct
38%
Deo
46% Jun
5
Jan
18
107
July
Apr 18
41
Jan
111% Nov
53
Oct
16%
Dec
18% Deo
115
57
20% Jun
7
Jun
20
-21% Feb
11
10
16
9
"6% Mar
16
49% Jan 17
59% Aug
29
*
23% May
100
Apr
9
35% Jan 28
28
Feb
Jun
16% Sep 16
31
Sep 3
99
Sep 23
7
6
83% Apr
109 Va Jan 17
70% Maq 29
11
3
7
34Va Mar 29
20% Sep
,•
5
5
>
July
185
34 y2 Aug 13
24
Sep 10
3
43% Jun
21% Jun
24
»
Fr^eport Sulphur
10
112% Feb 13
54% Feb
7
9
28
10
10
2
5
9
26% Jan
17
\ 12y4 Oct 10
No par
19% Jan
10
4
Jan
170
May 21
36% Feb
24
;
15
Fire Ins N Y
National
88
Sep 24
21% Deo
Jan
18 Vs
30y« May 22
3
350
23%
48 Va
32
preferred
Tire &
Follansbee
•
■
22%
'
.49
*100%
*26%
23%
49%
99
.
4,600
10,BOO'
12%
78 :
84%
26%
-Mi
13%
24%
26%
26%
23%
13
14
24
49%
*21
21
84%
500
900
12%
84%
32,000
35
50
5
—5
No par
No par
No par
No par
Florence Stove Co
No par
Florida Power Corp
:—7%
Florsheim Shoe class A new_No par
6,400
20%
24%
Deo
Deo
110%
12% Oct 10
- 30% Feb
2
19% Oct 10
43"% Mar 29
63
Oct 10
102% May 28
104
Sep 3
111 Jan 24
21
Oct 9
41 ya Apr 9
100% Sep 12
106'A Jan 15
£ 102
Sep 20
110 Mar 8;
105
May 1
111% Mar 6
2% Jun 28
5% Jan 30
9 Va Oct 10
23Vs Jan 28
'
48
Oct 10
93 Jan 17
x90% Aug 29
95
Jan 29
10
Oct 10
22J/a Jan 14
15% Oct 10
33% Apr 16
\
27% Oct 10
58% Apr 26
37% Sep 20 ; 63% Jan 15
7 / Oct 10
11% Jun 3
Caroet Co
Flintkote Co (The) com
$4 preferred
-
111
16%' "16%
12
83%
283A
273/4
33%
12%
14%
18%
Firth
163/4
16%
23%
14
First
3,300
35
*33%
12
12%
1,500
19 3/a
*107
>
22
*23%
12%
13%
*22%
..
273/4
110
13
23%
12%
*22%
.
25%
23%
23%
13
,
1073/4
*107
4Va%
500
55
*105%
54
18
16%
23%
14%
19%
27%*
28%
110
106 7/a
553/4
35
36
*35g
16%- 17%
*23%
19%
19%
19%
28%
♦107%
1073/4
543/4
57
108
55
*105%
1073/4
57
&
4>/4%
conv
Enamel
110
21%
57
50
122%
-
No par
Light & Traction
54
107%
-
Corp
21%
•
iSar
56
18
227
21% Sep 24
30y4Jan
2
200% Oct 10
r 191
Jan
8
39
Oct 9
25
Oct 10
Fajardo Sug Co of Pr Rico
20
Farnsworth Televls'n & Rad Corp.l
.
300
•
Buffet
Fairbanks
2,700
•
"
36
*34
*34
11% /
25% '
105
*103
33 Ve
106%
8% v/
.
22%: 22%
22
105
2,400
4,300
9,200
-
Corp
^
Exchange
22
8%
—
——
Inc
Ex-Cell-O
53%
Co
Products
Eversharp
7%
21%
yy
Co—
RR
Eureka Williams Corp
Evans
40%
52%
V
Pitts
&
100
A
series
pref
°/o
.Erie
95
7%
52% ;22
/
*103
35
5
2,700
•11%
39%
7%
8%
V.V:
26,300
'"16% *.•■•17%
30%
29
39%
V
8%
38
105%
7
22%
•
——
5,200
3
51
10%
600
'
39
7%
8%
12
26 »/8
108
40%
>;
-.V.
10%
*90%
29%
•
21%
104 %
16%
15%
27%
52%
*33
>
16%
preferred
100
Engineers Public Service com
1
$5 preferred'.;
No par
$5 Va preferred
No par
i $6 preferred
No par
JEquitable Office Bldg
No par
Erie
RR
common
;
No par
22,100
;
Radio
4%
120
v
107%
2% -V
hi:.
10%
.;
54
*36
.
12%
♦106
54%
8%
22
33%
*12
■55%
!'■•'
10
v;
49%
;V
-•'-
95
♦90
;;
30%
/
38%
7%
8%
22%
*102%
104%:..;
V
*7%
8%
"
;.-22%
*22
16
283/4
8
8 :• :,•
8%"#,—'
*102%
,
217/8
;
11
/•f
31%
54
21%
8%
•'
17
31%
v
54
*21%
-
•
95
10%
11%
39%
8%
*90%
95
11%
17
39%
53%
54%
*90%
30%
31
8%
•;
95
107/a 7- H
11
17%
,'
17%
,31
*90%
95
*90%
i; .51
48;
51
:■
Corp .———50
10%
10
9%
•
51
Mfg Co
—
---4
Phonograph
5
280
Htfi/a
'
&
Endicott Johnson
710
102%
103%
*106%
Emerson Electric
108
103:
1033/4
100
—4
1
Emerson
103 7/8
102%
103
preferred—/
cum
1,500
104%
104
103
No par
6,000
103%
103
103%
Corp
-
2,700
*102%
103
103%
Steel
Co
20%
103%
102%
103%
1
5
Sep
19
10
13%
>68
23%
102%
107
2,700
22%
*102
V
493/4 :
20%
V;
■
*103%
,107
Deo
10?
Mar
22 Va
.
—
2,400
"22%
21
35
17% Mar
..
1,300
42%
13%
,
6,300
48,400
3,300
•
137
//: 47%
65
24%
23%
24%
65
V/
'
37/av
403%
19%
/-1 65
69
106
106
24%
24%
24%
69
137
y
13-
12'A
20%
69%
/
15%
1477a
15%
145
132%
20%
68
1,100
3%
137%
13%
69%
36%
143
147
■
14%
-v
14%';'"
/
41
'
14%
^
136%
'
Nov
48
;
Jan
47
.
7,' 700
7,800
3%
15
',133/a
144%
v:v?t
137%
47%
54
*35
34%
3%
3
15
Jan
Jan
45% NOT
Aug t
105
-
2,000
7%
52%
14%:;
34%
Deo
;
16%
—
30
113
7%
!
•■'
;
400
53
13%
35%"
Sep
29%
Jan
40%
Aug 28
Eaton Manufacturing Co—
71
Feb 2
Edison Bros Stroes Inc com—
40% May 22
4%% preferred —^———100
102
Oct 10 112 Aug 2
Ekco Products Co
5
17% Oct 9
23% Sep 16 .
4%% preferred
100
107
Sep 18
114 Feb 25
Elastic Stop Nut Co-1 ,h 7
Oct 9
16% Jan 28
Electric Auto-Lite
(The)
5W 60% Oct 10
80V3Feb 5
Electric. Boat
—3
■ 13% Oct. 10
35% Apr 5
Conv
preferred w i-^
No par
34% Oct 9
48% Jan 24
Elec & Mus Ind Am shares
„-JL:_ > 't:H<! 3 % Oct- 10
i/7% Jan 24
Electric Power & Light.
No par', ; •* '13% Oct 10 .->29% May 281$7 preferred —JVo par
138. Sep 24s. 180% May 2'
$6 preferred
-i—No par : 128; Sep 20 • 167
July 10
Electric Storage Battery
No par
40
Oct 8
SGVaJun 18
El Paso Natural Gas
——3
44'% Sep 20
61% Jun 25
6%
20
19
*110
112
50%
14
;
34%
: 33/4
>;« 149
40%
:
•
.
i6
*137
.51
"
27
106
Kodak
Eastman
7,100
1,400
J 42%
—
Stainless
Eastern
30
27
/ :7;;
;/•' / 7/
7
:I
Xl8%
18%
112
1U
7
■
36
'1434
148
148//
146
;'
195
Co
Eastern Airlines Inc_^
800
!
*102
102
17%
21
13%
*20%
*68
•
137% 137%;
40%;.,
47
16%
15%
"
'
533A
.:.-■ 33/4
3%;
334
>
.•
•
: '7%
7%
53%
//■
26%
25 //
183/4
17%
*108
112
•
7%
*7%
7%
*7%,
:
41
41.
Eagle-Plcher
2,800
205 /
*191
391
102
105
*102
/
40 '
'
26%
25%
'
106
18%
19
18%
«.
24
/
41%
203
;
Dec
75
Jan
33
2
19
9 per share
Par
4,900
k 25,000
21%
'
'
19%'
•
20%
23%
20 3/a
194
*103
.
19%
i- 22%
201
42%
26%
105
/
23%
*29%
42
*194
43%
26%
v
27
*104
195
•42 %
•
"
205
203%
205%
'
42%
..*26%
205
:
42
42%
42%
44%
208 '•"<•
•
20%
22%
21%
23%
:
'
*42
*207
20
'
21%
24%
23%
Jun
25%
'S
i
::. '21%;'" 21%
Jun
16%
E
^5
•
Dec
57%
*25% Deo
9
192
Jun v T
118 Jun 27
33% Jan 17
116
Apr 12
41% May 10
26
11
Lowest
Shares
J per share
9 per thare
$ per tihare
■
1
'
47% May
67
109% Feb 5
52
Apr 24
62% Jun 10
48
Mar 19
377/# May 31
29% Feb 6
Range Since January
'
EXCHANGE
.
49% Nov
-/Range for Prevloiu/—
STOCK
Sales for
Friday
Thursday
'
I per share
$ per share
i per share
r
•
40%
21.
STOCKS
LOW AND HIGH 8ALK PRICES
Tuesday
,
Wednesday
Oct. 8
Oct. 9
r
/
Monday
Jan
7% Mar V
58% May 28
Jun 13
20 .133 July 3
112% Oct 7
116Va Feb 5
13% Sep 20
21 May 21
.
Deo
39% Mar
.108.% Mar 23
75'/a Sep 20
,
.——50c
No par
1st pfd
100
5
19
16'A Sep
—NQ par
International
$4.50 preferred
•
//
conv
Dunhill
4,700
127%
5
Duplan Corp ——————No par
Du P de Nemours (EI) & Co—20
500
175
29
Chemical Co common—No par
3%%
1,600
36
30% Sep 24
Oct 11
x23% Sep 10
Corp
Deo
28
33
34y4Jan 14
30
July 10
No par
Dresser
100
17%
r36
'A
48% Sep 16
Pepper Co
28
Jan
34% Aug
34 % Jan
50% Apr 4
50
Aug 26
•
—No par
A
$4 preferred series A
Industries
'
15,300
171%
*126
14%
14%
14%
1,100
94%
17%
163/4
35
'
170%
112%
X127
127%
112%
15%
*33
160
*91
93
93
& 16
112%
127 %
114 :,vy
111% 111%
163/4
18%
163/4
175
*127%
112%
343/4
X34
36
181
159
95%
163/4
17%
76%
159%
/■'> 15% -17
16%
*94
95%
.
17%
v:
36%
*34%
'
*94
96%
.:/:;• is.
18
18
763/4
76 %
75 3/a
114
15 3/8
V
Cup Co xommon,
Class
80
158 3/4
..
159%
*111%
•
*1113/4
.76 .77
17%
_100
iL-No par
preferred
5%
Dixie
17%
30 /
,
2
100
26
114
Ltd new
Corp-Seagr's
1,000
*17
*94
96%
•
'
•
16% Oct 10
16% Oct 10
105»/» Mar 15
2
Motor Car Co
T
53
18
79
*111%
Distil
32%
30 V*
114
Diamond
30,700
18%
17%
17%
partic preferred —.^..25
6%
500
2,100
18
108%
26%
163
•'
52%
17%
161
'
32%
26%
*111%
433/4
34% Oct
9
42
Sep 23
Deo
16 y«
75'A May 1
58 Mi Jun 3
42y4July26
50J/2 Jan 29
16% Jan 16
28
Apr 17
77
Feb 25
i: 24
Aug 13
39%May
—No por
Match
*105%
30%
.
Diamond
27 V*
23
31
7
.
23% Sep 24
54
17%
78
1,200
24
10
10
10
10
12.50
31%
26%
160
3,600
34%
__5
Co
Raynolds class A
108%
30
•:';
&
53
17 %
78
De Vllbiss
31%
26%
//,/•:• 78
—20
^
*105%
30
"
3,800
27%
34%
52%
30
26%
52%
54%
*52
54%
50
33
105%
109 i
'mVa
35
25% Sep
6% Oct
23
Oct
00
Oct
153/4 Oct
Detroit Hillsdale & S W RR Co—100
10
27%
16%
& Western
Edison—.;
Detroit
6,400
26%
'-
*33%
17%
105%
Lack
Devoe
34%
18
/
Delaware
36% Sep 16
'
—100
Hudson
&
12,200
16%
153/4
20
Delaware
v
60
•/'. 43%
35%
437/a
18 Va
18
v
% &
Preferred
Oct 10 1
Sep 19
34
.
15
13
34% Apr 20
17% Oct/9
41 *
Jl
No par
—...
5,600
23%
16%
36
'
; 44% fr¬
;
114
16%
Deere St Co
17% Sep 10
'->28
Sep 23
110% Jun /6
Co_——50c
Mfg
Ruber
29
July
34
May
31% May
36%July
>113
Jan
Sep 4
Sep 24
18
1
Records Iric
1,100
.: •' ■
7% l',
v-
*55
,'
243/4
it
164%
*14%
26%
35%
17%
180
24%
Decca
preferred
•Dayton
13,100
31%
23%
23%
60.
16%
27
26
109
78%
;
16%
/. ' 7
63/4;;
-
37
..
30%
60
.
16%
-
;;;
39%
*36%
153/4
65
66
44%
30%
*34
*60
23
19
27%
18
23%
44%
30%
27
18
23%
'
31%'/..
6 3/8,
>
36%
*52%
*94
24
23%
26%
54%
*111%
6%
xl6%
y *105%
*161%
6%
4% %
4,500
1,800
~
44
37%
-57%
"
7
'6%
,
29%
32%
17 ;■/ ;
*52%
17%
31%
29
66
*34
*78
37%
*60
34%
:,i.
37%
.24%
34%
C
37%
/18%('
;-a;43%
' 18
1
:5
(The) __7
100
Dayton Power & Light Co
10
113
/• 1734
; ■'
1
37V4
35%
44%
109
*105%
38%
6%
*18%
"17%
.?;■
18 ^ /• 18%
v.
36%
: 23,600
'
v
*35%
;/
19 y
■*18%
35%
26%
44%
*43%
37% r.
"
30
35%
,
43
36%
16%
26%
'18%
41
,
31%
■
17%
'
46%
31%
*60;
#
"
47
18%
45%
44'
30
*112
113
*112
113
17%
...
2,800
2914
29%
28%
'
i$:.
37%
6%
.
19
Corp
Davega Stores Corp N Y —
Davison Chemical Corp (The)
400
183/4
;
Dana
2,400
:
19%
*19
••
.
■
18
30%
*112
183/4
183/4
•17
,
33%
24"'
.
17%
,*25%
'
38."
->■
6%
6%
29%
112
36%
-
.;•'
.
30%
i
38%
30%
■,:/4
37%
,
*38
19%
112
46
•
18%
*19//
19 5
18%
19% J >'
29%
30
*111%
29%
,
*111% ill
"!rl9% •'.-13%
1
19%
183/4
27%
May
48
Jun
112
July
3
w
18
1
25
13%
Deo
80% Jun
Jan
44 Va
Deo
Jan
43%
Deo
Apr
27
Deo
Jan
51% Nov
Deo
36
Deo
.Volume 164
Number 4533
THE COMMERCIAL & FINANCIAL CHRONICLE
♦
-
.
:
.
.
'■ Y.
-f'
) i'!.
rr i"
.
%
j
1
f/i A >'
■
.1
i
1
.v.
"f-.
'..i
1881
:
•
,
,
NEW YORK STOCK RECORD
LOW AND HIGH BALI PRICES
Saturday
■
Monday
Oct. 7
>
,
• per share
-'»i
V/-Y-"
<
■7 Oct. 5
./v.
Tuesday
Oct. 8
I per share
■
'
4
Oet. 11
■/, Oct. 10
# per share * /:
I per share
/
Sales for
'Thursday
Oct. 9
•
9 per share
"•*'
*"■.
Wednesday
-
'
4
I per share
..
-
'YU::/';Y
?12
12
Y 7%
12%
7%;
/;• 12%
/
7%
:: 19%
7%
'/■'19
IP/4
19'/at
12
73/8
*v
*18%
11%.
■
..
11
113%
19'/a
\
V *18
:i9y8
18.
-173/4
17%17%
v
',' -9%.
18
;*i7%
,17%
10%
10-
/ 44% 44'%;
/ 16% 163/4
*90
107
•/.
167/a
♦90
10%
11%
107 ."
10'/8
••
; *43'% V 45 Y
16%
*90
-
14,800
19 y4
♦17'A
17% ?;•
17%
17%
9'/a
.
Y" 8% y 9% :v
:
'
Gabriel
Gair
6%
1,500
43%
z; 500
15%
153/4
K 15%
16
*90
Gar Wood
107
14
14%
:
4%%
6,500
Gaylord
15%
•103
,"15%
110
54%
*103
54%
11%
14%'
14%
;
14%
14%
-14%
-
11 y8
V
14
14
14 4
15%
10%
186
14%
9ya
91/4
:.
79%
♦37 v4 •
37V2
•28'/a
28%
•160
•42%,
*114%
51%
3%
15%
28%
.173/4.,
17%
26
26
•
3%
15%
153/4
28%
28
28%
142
142
*135
5%
*22%
23%
31 <y
5%
:
223/4
•105
105
106%
105
353/4
26%
*106%
110
38%
38
Y
105%
100
105%
*100
101
31
30%
'
30%
303/4
102
*102%
40
*101
30%
105%
39
31%
41%
58;,
6%
*563/4
♦100
6%
*127
6%
132
32%
*127
32%
69%
69
103%
53%
132
*Y69%
*102 «
106%
6%
6%
•5%
106'A
106
25%
13%
13%
323/4
6%
*5%
6»/a
6 .r?
383/4
563/4
6%
6
*125
303/4
63%
::
67
68%
104
*102
*102
52%
50%
53%
106 %
106 y4
106'%
2$%
245/a
106'/2
106'/2
24%
1,600
6%
5%
*105
3234
106
44
25%
173/4
167
165
173/4
.,
//
165
17%
43
-•
■
•57
62
Z;
75%
•74 //
75
-
38%
38%
--37%.
*104'A
106%
*104
17%
60
♦104
31 Y
7%
Y
29
87%
86
11
11%
11%
37%
36
36%
?.■63%
63%
63
•41%
243/4
24%
Grand
13%
2,900
Granite
3,800
104%
17%
12,800
Y 4,700
*165
167
165
165
60
*50
60
*50
60
70
70
x71
73
104
68%
"
373/4
34%
28%
5%
6%
*85
88
10%
iiya
31%
65
63
:
18,500
Greyhound
Y
10
4%%
Grumman
Y Guantanamo
86%
100
10
11
313/4
se¬
643/4
62
es
•
11%
113%
2,700
$5
Gulf
Oil
150
Feb
4
60
Jun
14
26
118
Jan
-9/
107
LOW AND HIGH BALK
Monday
Oct. r>
Oct. 7
t par share
Tuesday,
-
^
/
f per share
/'
PRICES
V
Oct. 9
I per share
Frldar
Thursday
Wednesday
Oct. 8
Oct. 10
f per share
103
9
125
Oct
Sep
10* A
8% Jan 29
3%
Jan
14 7 % July
25 Va Feb
165'/a
151% Jan
96
8
47% May 14
107
10
77
3
88% Apr
Mar
Apr
3
53
6
102
48
3
107 V* May
|15
Nov
Feb
18
12% Mar
"49
Dec
16
'2% Aug
10
Jan
30
5%
Jan
9
12% Jan
19
4%
Jan
7%
Nov
4
54% May 10
27 V* Feb
8
18%
Jan
33%
Dec
14%
Jan
21%
40% Jun
25%
Sep
33%
Deo
Sep
109%
Nov
9
4
t
/ 165
63
65
Sep
Oct
7
8
21
May 22
1
Deo
Feb
Feb
4
Y 14%
Jan
21%
Deo
64
Jun 14
34% Jan 28
16'% Feb 19
40'% Oct 10
24'A Oct
9
100
3
*v
112
Sep 23
103
100
40
Aug
65%
Nov
28%
Jan
39%
Nov
188'% Apr
105
175
161% Mar
17
5
/ May
Oct
64
Jan
75
May 20
52%
Jan
86
Deo
30'% Feb 26
54% May 28
104
Oct ; 9111: - Apr
5
22%
Jan
x35
Deo
1
79
Oct
10
9
26
108
30%
78%
78
No par
31'A Oct
56% Sep
No par
—25
9
10
-V
77 »V"
STOCK
'v-'7
*
; •'
108% Mar
104% Jan
28 Vb
52'% Apr
4
13% Jan 25
85% Sep 20
9% Sep 19 /
—No par
Feb
105
10
5'A Oct
1
:
*\V.'
Deo
:
Range for Previous
Y i
Year 1945
Highest
Lowest
Lowest
Highest
tpershare
Par
Jun
01%
Jan
Jun
82
Jan
49%
May 31
Deo
30%
/14% Mar
58
Deo
12%
100
Oct
82
Jan 25
Jan 28
Jan 28
Deo
55%
Jan
5 % Mar
Rang© Since January 1
tpershare
I per share
40Va May 13
<33
.
Shares
Oct
63%
5'A Oct
pfd—No par
—No par
"
105 y4 Mar
5'A Oct
29% Sep
'***
Oct
74%
July
July
30'A Mar
Prop__.No par
STOCKS
Oct
Jan
Nov
40
Apr
10
Oct
May
57
43
113% Jan
Sep 11
5
EXCHANGE
Deo
7%
20
12'% Oct
.....
Deo
Deo
Jan
23
—No par
...
Sep
Jan
105'A Sep
I
common
6'A
25%
50'A Oct
—5
Corp—
Dec
105%
52 '/a
Mar 25
24
2
Mar
90
4
63% Sep
'Y,
Deo
111%
Jun
13
100% Sep
par
Mar
46
May 10
Apr
56'A Jan
19
par
Deo
111
Jan
59
9
30
Deo
38%
106
Oct 10
36'% Oct 10
54
Mar 4
6
Deo
44% NOV
13 % Mar
18
May 17
73% May 19
;
100
;
No par
RR
42% Apr
108
2
100
Infc—
.NEW YORK
the Week
f per share
I per share
,•
Sales for
..
Oct. 11
31
104% Sep 10
4
Jan
Y 36% Oct
Deo
133 V4
27% Aug
105% Nov
17
Deo
34
Jan
Y/Y YY/
Saturday
8%
Jan
25% Mar
19
99'% July 28
50
par
Jun
Oct
140
Feb
'
3%
111
10
Ry 0%
Corp—
Deo
123
8
10
102'/4 Sep
100
....100
preferred..
48%
22
Jan
34'% Oct
..—.No par
Gulf Mobile & Ohio RR
13,800
/ 108
No par
$5 conv, preferred—:
8,800
Jan
46% Apr
T
Sugar
Deo
28%
May 31
10
No par
Aircraft
48
25'A Oct
(The)-±—No par
preferred—
—.100
3,100
Deo
Jan
Corp
9,000
Dec
7%
Mar
i—
6%
35%
...
37%
104%
23
36 V*
Jan
23% May 21
9
1
West
Jan
Jan
1%
99
...
Ore
Mar
10
19
5
Deo
130
22%
15
10
Co
Deo
77%
Jan
May
July 10
49% May 21
Co...
Co
7% Jan
123
62
125
29
Motors
&
L)
137
..^„Nopar
Iron
Bay
10
Oct
114%
5
5
Feb
Apr 26":
40% Jan 14
19
27y4Sep
14
134
Corp ..No par
Steel
(H
Sep
2% Oct
Jan
80% Feb
52% Aug
Mar
Aug
Aug
47
preferred
Preferred
Green
29
22
No par
City
(W T)
/Green
/ leys Sep 19
10
Not
66
Feb
43 Va
127
132
Co
Nor
132
40
8*
10
Great Western Sugar
40
800
28
6%
•86%
-
♦102
104'%
.26
/
36%
363/4
♦102
104
26%
/
67»/a
Great
12
par
Inc
Great Northern
;
123
26
Oct
May
49% Sep
Jan
10
3% preferred.-.
Y 4,600
44
6
Sep
36
Oct
37%
8
114
100
Union
Grant
.
56ya Feb
543/4 Aug
135'/a Jan
49
Sep
125'% Sep
Deo
172
27% Mar
153
8
21
Telegraph Co
Graham-Paige
Feb,
10
Granby Consol M S & P
10
24%
167
353/4. >38
--
66
-
17%
42%
24%
34%
11%
c/* 37
2,800
70
86
11%
58,200
1,200
52
39y8 Oct 10
42
Jun 17
128% Sep 30
-.5
convertible
6
*55;
70}
*86
173/4
40%
25
*163
r
Yv 31%
87%
17%
4.3%
24%
105 y2
^
Y/, 6%
173/4
42
.
166
*55
105%
30%
7%
18,,
25
r
373/4/ 39%
'■•7-V
31
104%
-
SS73%Y/73%::
383/4
-
10
14
/ Gotham Hosiery.
33
•-44 -Y';:
'
166v
,
62
*73%
25,
Stock
39
5%
333/4
*104% 106
$5
7
Oct
Deo
15
Mar
6
47% Aug 12
403/4 Apr 15
182
Apr
8
8
Oct
36
27%
5
26'/a Jun
Co (B F) com
—No
$5 preferred
No
Goodyear Tire & Rubber.—No
1,000
X24%
9
10
Goodrich
100
16% Apr
v907% Aug
20'A Oct
Co
7,600
15,000
8 '/a Sep 19
77
Oct 10
x35'/a Sep 24
185% Deo
Jan
100
Goodall-Sanford
70
17%
12/
preferred...
20
&
27
Razor/..—.No par Y 22'% Jan
Goebel Brewing
Gold
28 Vb Apr
27% Oct
;
Deo
11
156
,
14%
Jan
(The)
2,600
53%
.
Co
conv
200
Jan
101
Oct
x32'% Sep
preferred—
4% %
1
Deo
8%
:—20
preferred.
32
105
13%
33%
$4.50
Oct
Deo
61%
.
Apr
11% Feb
Brothers
Glidden
,
4,500
52%
25 .1/
Safety
conv
4
109%
Jan
49
Jan
..1
Instrument
127
30%
6%
-
100
6 'A
*125
127
30%
66
102
♦25
6,900
6
6
$5
Gimbel
700
39
58
38%
/
Deo
104% Apr
7iya Apr 22
14% Apr
6
,
9
preferred.
Gillette
300
21,200
24 V*
8
Corp
General Tire & Rubber
8,900
41%
100
*57
14%
.42%
11%
100
36%
563/4
13%
•v-25
■/
100
100
30%
104%
40%
38%
:
-
29%
*104
39%
Jan
No par
preferred..
105
Deo
12%
Oct
preferred_.No
Telephone
4'A%
80%
'
4% Oct
preferred
3%%
14%
18
*86
4'A%
20
39
25%
;
70
99
5%
43%
7%
107
i
373/4
173/4
31
5,800
5%
■33
106
•
38
36%
423/4
•57
110
37%
14%
.
32%
•164
♦1067/a
38%
Yi 25 Vb
:v
26
1,600
Gen Steel Cast $6
Time
Jan
15
10c
Corp..
26
58
:
Shoe
*25%
29%
.
37%
1:
General
260
"Gen
Deo
58
5 i//14% Oct 10
i
Refractories
General
58
160%
Z
100
General
■
.
Deo
Nov
29
10c
Utilities
&
37
28 %
.
Realty
Deo
14%
51%
'
Apr
No par
3,400
*96
»'•
common..No par
Corp
11
13'% Oct
-No par
Railway Signal
0%
preferred
Gen
89% Not
28%
Jan
16% Mar
.
141% May 28
3
Sep
180
Equip Corp.Z.lVo par
110
*103
...
Service....
36%
107
39
Adv
Public
Apr
7%
.
21% July 1
108
Jan 14
10yaSep
No par
104'A
36%
373/4
38%
*104 %
106%
31%
103
107
51
25%
31%
103%
3,600
1,700
48
100
Gen
13,400
22
106% Sep
No par
f Gen Public Utilities
30
5%
21%
100
31%
64
137
4%
106
127
102
6%
6
•36%
*133
•98
30te
543/s
25%
25%
137
107
102
125
106 y8
106 v
25%
•106
1,800
34%
37%
69%
67%.
28%
•106%
♦563/4
'•Y:Y:6."Y
323/a
*102
55
28
100
102
103%
53%
28
110
30%
523/4
:
103%
>
53%
40,800
26
103%
58
31%
15 ya
25%
36%
6%
6%
•127
132
32^-32%
70
•102
6%
15
37
40
*563/4
Precision
Gen
35%
28%
105'/a
39%
58
Outdoor-
Gen
7,800
35%
103%
-
'
*56%
Gen
5,400
3ya
ioi
■
26%
:J *98 /
103 3%
39%
40
740.;::
i
x39 Vb
41%
104
2,100
26 Ya
43/4 :/i5vY
35%
*105%
-
103%
104%
41 /
102
40
107
100
17%
104%
35
i
79,300
800
3'/a
31
*106%
200
51
125 7/8
Deo
10% Not
:14V*
15
20% Jan
10
.^z—No par
Co
common
17%
20%
38%
.
Deo
10%
Jan
67'/aMay29
Oct
No par,
—100
50
Corp
Mills
12 Vs
Jan
18
May 29
17
14
preferred
.100
3%%
conv
preferred...^
100
General Motors Corp.
10
$5
preferred...
1
No par
26
20%
26
1167/a
50
Foods
vJan
29% Jan 29
*
8
5%
3%
15ya
31
Y/35.;Y
110
/General
100
17%
31%
263/4
•106%
General
1,900
26
.
Jan
5
Inc;
Electric
25%
104
'
36%v
13,100
48
125 7/a
Corp
preferred........;.,:
General
130
*114
21%
32%
105
41%
Cigar
7%
43,400
48
50%
21'
>
130
-
38
40
126
*133
5%
43/4
General
28'A
160
*128
31
23
/i:/371/4
*103%
i*.
1,900
:
36%
273/4
137
137
5%
.35%
38%
105%
•102%
137
4%
10
78
___No par
Corp..
preferred..conv
2nd preferred
143/8
29%
-26%
101
100
28%
22%
27
110
30'/a
105
35%
•103%
:
29%
5%
4,100
-9
43 - Sep 24
15'/a Sep 19
5
Cable
16%
153/8
31%
27
38%
14%
;
35%
♦106%
155/a
137
37
24
Sep
8'/a Oct
.5
1st
2%
17%
26
3%
31
35%
?
4%
Bronze
24s/e
16%
24%
.15'/a
23
27
V
1,470
158
„
; 117
49
16,900
Y; 28
47%
126
General
97/a
77 y4
36%
•
130,
*114
:
:
General
9%
40
47
33/8
•
37
39%
127 ;
Y
155
*128
503/8
50
'
''36
130
3%
5%
31
31
.
*1253/4
173/4
35/a
*145
.
114% 114%
.
iv
26%/
*3%
5%
"
51%
126
153/4
•135
•
118
50%
125%
253/4
/•
25%
3%
$
•114%
/
173/4
25%
•128
130
;;;•
126
156
41
39%
U 48 V,v ,49%
42%
X49% Y 49%
:
513/4
*1253/4
18
42
;
28
>2,100
19'/a Sep
100
preferred..
$8
77
•
363/4
273/4
>v'37 -H'
36%
•
-9%
773/4
■
*35
28
*150
38%
77 i
K
37%
273/4
156
;
79%
37%
/
8s/a
9%
>
Z
78
-•
28%
273/4
•150
/ 130
.
118
51
125%
•i7y4
130
38
.'Y37 %
'49%/.
48 'A
*129
C
118
51
125%
"<
/
50%
,; v
160 'YY
37% •38%.'.
42 -Y
42%
130
•114%
w
8%
9%
38 Y
28%
< 156
43
•48%
9
,793/4 ,.80
37%
28
38%
•129
793/4.
37%
v
164
38''
>
9%
9%
*79
40
13%
"
*79
,
186%
14%
*183
17
>
«
Transportation..
Baking........
General
.
>
Jan
5
1
preferred
4,100
share
4%
22% Jun
50
Amer
11%
t per
8%
10% Sep 24
.,
Gen
$4.50
15% May 28
11% Jan 29
2
50
Gen Amer Investors
6,000
55
10
10
Apr
_1.66%
Corp
4,400
110
53%
103/4
♦183
15%
♦103
53
10%
186
186
147A
110
52%
53j/4
10%
184
-
*103
107
53
11%
184
55%
•103
*
55%
11%
186
143/4
110
54
.
11%
*180
15%
•103
55
*
11
186
15%
110
54
11%
♦180
153/4
Highest
I per share
;
par
preferred
,
*15V2
tpershare
'
21
No par
preferred_____
conv
Lowest
18y8 Sep 23
-
3
Co_.
Container
5'/2 %
10 ya Sep
7
Oct
20
Industries Inc__i—1
conv
Year 1945
Highest
$ per share
1
Mfg Corp__„_
Gamewell
Co
(The)
,
Range Since January 1
.
_1
i
-
Gardner-Denver
10,100
*41%
"" 100 "
preferred
9%
»
.
.
//:/://;;
(The) common
(Robert)
Inc
17%
43%
*80
Co
Co
Galvin
43%
107
•
par
4,400
1,000
36%
*99
BaamhrPniton
STOCK
;/■'■; g
■
"
600
107/a
45
.15%-
107
2,200
7%
/; 10%
18
173/i,
11%
♦19
ioy8:
Y 17%
93/4
•
43%
16%
v
;
9
19 y4
10%
11%
18/
11%
Y 7% ;
7%
*18%
191
18%
/
18%
10% ^ 10%
*44%
46
*16%
>18%
11
7V;Y
73/a
11%
•18%, 19%
*17%
10%
11,
7ya
,19%
"
*11%
10%
7%
YORK
EXCHANGE 'Y/r^ Lowest
ti/ Y/Y, ■ /
Shares
;
■Z 19
STOCKS
NEW
the Week
//
t per share
H
36 %
*34%
•34%
17%
4*17
36%
*34%
36%
17%
/ 17 /
*17%
17%
15
17
15%
16
19
18
18
173/4
18
*34%
36%'
*34%
36%
*34%
*19%
19%
19%
19%
103'A
103%
*103%
104%
♦1033/4
104%
103%
1033/4
*103
105
♦106%
108%
*106%
108%
*106%
108'%
*106%
108%
*106%
108%
21%
21V*
*21%
*154%! 156%
*154%
373/4
37%
*9
,
37
9%
*101
9%
■
72
188
*183
18%
VY
*30%
9%
31%
'Y
136
*31
Y-Y
*R3/4
*101
3?
29
*80
*132%
83
26%/
131
26%
*23%
.
18
563/4
/
18%
:543/4
•
83
*131%
31%
1,000
Hecht Co—
103%
30
68%
600
*183
-■
*64
188
183
183
24
Mfg
40
7%
(G
17%
173/4
18%
19
3,600
Hercules
53%
54%
4,400
Hercules
•131%
*80
83
*80
130
*128
134%
*131%
83
134%
24
23%
;
22%
23%
S'^
10
;
23
160
*223/4
25
400
Hewitt-Robins
$4
*31
31%
30%
31
29
29
*27%
29%
*29
600
*24
Hinde &
26
29%
*24%
26%
24;i/4
243%
23%
23%
*23
26
*23 V*
27
200
Hires
*26'A
23
25
23%
24
6,100
27%
*23
27%
25%
26 %
25%
23
23%
23
23
24
237A
23 7A
23%
23 Vb
23
23
23
23
36%
37
36%
37%
36
36%
35%
353/4
35%.
14%
37% /
14%
14'A
14%
14%
143/a
13%
14
125/8
13,/4
13-%
51
51
13%
,
61
49
49
49'/a
50
1
>23%
37
.
"
51
*49
*30'A
31
30%
*103'A
104
*103%
84
81%
♦81
♦47
30%
104
*23
52
30
*49
30
102%
:29~
103 y4
81%
813/a
81%
103%
81
22%
23%
30
103'/2
23
-■
23%
23
-
29%
*102
81%
81%
29%
14%
33%
33%
33%
34
33%-
337/a
32%
33
24%
32%., 33
6'A
6
*14
16'A
16 y8
30
30
6%
For
6
-
Y
6'/a
footnotes
-
5%
6
13ye
34%
34%
163/b"
16
16%>
15%
29 %
29%
6%
•
141
28
6%
see
5%
15.
34%
34
page
6
1887.
-
5%
15%
5%
13%
34%
353/4
8,100
15%
15%
25,400
26%
27%
5,700
15%
>
63/s
22% Oct
10
&
of
Oct
Sep
Sep
Oct
Sep
Sep
Sep
/ 23
/. 22
34%
No par
•
12%
-.50 /
48
102
Hudson
5y8
*12%
26
..^5
Jun
Nov
277/a
Texas
v
t
c
:
18%
:
Apr
7%
6%
l,00a
9%
16,800
5%
Manhattan—
non-cum
preferred
Hunt
Foods
Hupp Corp
Inc..
—r
35
Deo
Apr
103%
189
Jan
170
22%
5
Oct
10
•33.:
Oct; 9
Sen 10
r
>
14% Oct
9
25Vs Oct 10
5% Sep ,24 Y
Aug
39% Deo
Jan
138
July
130
Feb
72
Feb
93
Nov
123
Feb
138
Dec
21% Aug
32
Dec
May 2
Jan 21
May 13
25
Jan
33% NOV
23%
May 31
Apr
6
Jan
32%
Deo
4
May 22
May 10
Jan 1-1
Feb
6
Apr 22
Jun 26
Jun 20
60% Feb
Dec
92% Nov
17
Jan
26%
Nov
17%
Jan
35
Nov
42
Jan
60%
Jun
25% Deo
63
NOV
16%
<
Jan
55% Oct
25
29%
Y Aug
102
Sep
9
5
12% Jan 25
25
Jan 17
45% May 17
:34%Mar25
:49% Jun
3
10% Jun 24
Dec
109'A July
87%
66% Jan
July 19
12
1
Dec
Deo
Oct
47
100
"
14
Jan
Apr 24
-.100
6.66%
Dec
16%
71%
Apr
24% Oct 10
31 % Sep 19
Nov
Jan
Mar
6
20%
30
/.
Dec
]4
104%
100%
95
1
Hud Bay-Min & Sra Ltd—No par
Hudson Motor Car———
No par
43%
Jan
Mar 26
2
Aug
7
Jan
9
14'A Oct
10
Dec
Apr
Oct
98
Jan
Jan
29'/a
155
Oct
x30
Dec
Dec
110%
Jan
152
May 23
•/ 78% Sep 23
25"
-5
40
-34%
36
10
."28%
4 >
52%
10 :j
35%
23
111%
7
11
19
121
Dec
lOo
24
Jan 16
Jan 28
Sep 18
37'% Jun
'
6%
Y
43%
Jan
103% Aug
Jan
) 72'A Apr IT¬
139" Apr
3
106
146%
39'%
x43
41%
9
11
>27
3,100
5%
34'/4
14%
;
9
Oct
21% Sep
29
100
Howard Stores Corp
Howe Sound Co.
——
12%
25 y*
22'% Sep
com..—.No par
4,100
12%
15%
*
Power Co—No par
&
3,600-
33%
53/4
Finance
32%
13
27%
—5
Sep
5
preferred
27%
34
6%
3%%
153/4
12
53/4
Household
15%
33%
14%
No par
Jan
76
'127
12.50
preferred
$2.25
32 y4
2*%
6%
28
11
Oct 11
130
No par
No par
(A)
263/,
26
5
1,100
*
Oil
153/4
28%
15%
30.
400
Sons
Houston
14%
25%,
new
Mining.
Houdaille-Hershey com..
5,300
.
&
19,300
16%
29
(Del)
Sugar Corp
Light
15%
Oct 11
17'% Oct 10
10
Homestake
Houston
29
,-34
Holly
6,000
60
16%
6%
Hollander
1,900
800
28
34
1,200
23
36%
83
157A
*14%
23%
104
27%
51
109%
90
192
38%
39
Jan
15%
*
*81
16
16
...1
The
Holland Furnace
♦102
30
-
Paper Co
E)
82
15%
,
29%
(C
—
Inc..—
Dauch
Co
1.
:
preferred
104
29
Z
23%
X23
Chocolate.
conv
31%
9
Sep
183
preferred.——/.100
84
130
Hershey
Oct
68% Oct 10
No par
Motors..——
84
100
29
.
;
106'%
16%
15%
34%
9
103
—15
—
—j
170
Aug 21
60% May 29
16% Jan 16
Jan
20%
Aug
1
Jan
8
Apr 11
Apr 13
34% May 28
24
26%
119
109%
Powder—-————_No par Y/4S% Sep < 10
'127
130/:
29% Oct
100
25
preferred....—100
W)
non-cum
*30%
*26
:
preferred..^
3%%
Helme
52% .•543/4
Y-
55 v;
134%
130
132%
1
100
103%
69 MY:
Hayes
•
183/4
133
*80 ..-'I
Corp of Amer class A
4'%% preferred (modified)
'
134
——.100
Schaffner & Marx.
—10
Hat
Y 31%
*183
18%
preferred—--—.
Hart,
93/8
103
2,400
-68%
55
$4.25 pfd__No par
Refrac_.__._No par
30%
30
70%
133
Co
30%
29%
70%
...
A)
Corp..—
__2
Hazel-Atlas Glass Co..25
71%
;
2,000
.
Hayes Industries Inc...—_____...1
303/4
19%
0%
4,700
103%
56
38
20
25
9
10
3
16
19
27 JO
26
9*
Sep 25
8'A Oct 10
6
Oct
9
100
11,200
293/4
136
,
(M
Harbison-Walk
3,100
15
Oct
17% Oct
103 1 Oct
105% Jan
20'A Sep
153
Sep
34% Oct
9'A Sep
6%
1033/4
55%
22
preferred————
conv
35% Sep
No par
9%
1043/4
188
4%
Hanna
154%
25
—5
Co
6%
*1033/4
*183
260
108%
Watch
8%
1043/4.
188
104
Hamilton
6%
*70
31
900
Water
Printing Co new
8%
*102
*18%
*133'/:
134
30%
'
Hall
2,900
6
188
*183
Y
Pz
29%
'
*23%
6%
72
/./, *69 V
82
♦132%
36
9%
103
:
8%
8%
6
213/4
*151%
35
*8%
*101
8%
104:
*106%
213/4
343/a
9%
101
Hackensack
183/4
154%
153
363/8 '
101
6% Y: 63/4
30%
303/4
104%
*102
.
56%
-
31
30%
19%
Z 56%
103
9
/'V.
36
:-Y'*9>Y
9%
:
21%
21%
158
Y
17
'
104%
;
9%
*154%
37
*9
♦101
21%
158
363/4
9%
6% Y 6%
■ ;
32%
*31
*102
*79
37%
9%
21 5/8
21%
*154%
103
6%
,32
♦133
,/
*101
93/4
*6%
*31
72
22
156%
*9
103
19
36%
17
18
TV
Nov
12%
Jan
23%
Dec
34 y.
Jan
54
Dec
2
Jan
8%
Deo
10
Jan
23%
Jun
26% Aug
36%
Dec
34
14 V* Jan
~3%
Jan
.
0%
May
Deo
%
FINANCIAL CHRONICLE
THE COMMERCIAL &
Monday, October 14, 1946
NEW YORK STOCK RECORD
LOW AND
...
-
f per thare
I per thare
Oct. 10
I per thare
36I/2
35%
35%
35%
20%
21'A
20
V Friday
Thursday
Oct. 8
Oct. 7
Oct. 5
$ per thare
the Week
Oct. 11
l^v
■21%
211/8
441/4
i-
441/4
43% >
*88
93
*88
93
*161/4
171/4
*16
17%
6%
■
7
♦261/2
27
163,£
»
*87
91
■
12%
12
12%
11%
12%,
41%
42%
41
42%
39
121%
121%
120
»/2
182
182%
37
*180
183
*180
37
36%
37%
14%
14%
14%
•81/4
7%
7%
■'
180
183
14%
13%
14%
7%
14%
7%
39
7%
1 '
■
11
10%
11%
-x
214
214
72%
I851/2
185%
7'A
71/2
291/2
291/2
92
92
*88
94
5
5
185
5
■s
V 185
185%
7
30
29%
:
.
5
2 9 7/8
r
;y(-v
:
5
5
30
136
1361/2
42%
■
30%
106%
*1361/2
138%
:• 107%
V 98
*108%
IIO1/4
14%
*55
*108%
43%
40%
105%
96%
*371/2
14
41%
43
107
57%
*56
57%
37%
37%
38
12
12 Va
12%
107
107%
120
36%
43
39
•17%
X< ,48
*23
45 /
V
*148
*39
43
17 V
18%
18%
18%
17
22%
22%
*44
■
158
158
*148
44
*149
17
16
22%
21%
*42%
45
42%
*149-
158
*149
>
Shoe
International
Silver
700
—'
Intern'l Telep & Teleg
—No
Foreign share ctfs.il,
No
Interstate Dept Stores
No
Intertype Corp
i.
No
500
Island Creek Coal
100
17%4
78,200
17%
4,300
22
.1
$6
v
155
*145
V 158
3,100
43%
43%
preferred
7%
38
Jun
54
Jun
8%
Jan
10y4
Dec
Jan
57
Nov
104 %
112
May 23
9
Jan
109%
Oct
13% Feb
16
6% Mar
12 Va
Dec
20% Feb
2
8% Mar
14%
Dec
74% Mar
100&
250
Jun
6
102
Jun
13
202
Apr
11
178%
Jan
15% Apr 22
18
2%
Jan
_1
40
148
preferred
Nov
13%
Jun
3
17
Jan
34% Dec
27
5
75%
Jan
Jan
99
Nov
11%
42% Feb
5
28'/a
Dec
Dec
Dec
Feb
6
5Y8
113
July
9
1
70% July 19
497% Jan 30
60% Aug
-
24 1
Dec
Mar
1161;
Dec
57
Dec
79
41% July
45% Dec
Feb
39
31% Feb
2
17%
33
18% Jan
18% Jan
4
Apr
34% July
50
Aug
_
3
1-
Jun
28
24% Jan
17
163
Dec
123
9% Mar
50
3
48% Dec
Jan
Jan
141
1
42% Aug 13
31% Feb
2
30
18
10
9
10
Mar 6
19%
84%
16
39%
Aug 14
26%'May
125
Jan
Feb
129
53% Apr 16
132% Apr
10
Jan
Dec
Dec
193
Aug
11% Feb
July
Sep
Oct
Oct
Sep
par
Dec
19%
11% Mar
37%
52% Sep 18
36
Oct 10
par
f: jun
3
Sep 19
Oct 9
Oct 10
Oct 9
par
Dec
174
6
148
par
140
May 28
1
Oct
Jan
Feb
166
22% Feb
59
Aug
41
104%
34% Deo
11% May
45
38%
16
16
26
21
Jan
3
17
Aug 21
44% Jun
3
101
25
19%
190 /
5
9
9
25
new
18% Jan
9
—No par
.--No par
,
International
Dec
151% Jun
lOlVtSep 11
___100
preferred
International Salt
100
28%
>:*2L"V
42%
5fa
1,300
40
17%
22
:
2,300
*
45
,
17%
-1
2G
26
■
28
17%
"16
>
*21%
fey:
44V
158 V
23
23
V
45
39
28
26
29
28
•
17%
17%
16%
18% 0
28%
,41
43
18
28
23%
*44
V
28%
•
*34
f ';
17%
181/4
(28i/4
46:v
V *45&
V
18
181/4
181/4
•
47
;
43
*34
.
47
*34
47 „'
36%
*35
•
*43%
58%
36%
42
36
37%
45
*56%
58%
*56%
58%
>1;
36%
411/4
107
'
92
38%
105'A
95%
; 12
15
100
Co
Paper
preferred
Jan
133
—100
conv
72 y«
Sep
27
$4 preferred
No par
Inter > Rys of Cent Am__—„_No par.
3,800
12%
109
5%
16
(92
Oct
4% Oct
29
Oct
5
No par
Canada__
International
7,700
107%
95%
96%
of
Deo
May 2o
22% Jan 18
Jan 30
Oct
9
Sep
84
61/2 Oct 10
-
———100
Corp___
t
Mining
Preferred
19,300
96
25
Chem___
fc
Min
preferred
Nickel
Int
51,300
rl05%
69
183
Hydro-Elec Sys class A„
4%
: 110
42%
39%
No par
___100
International
31,900
139%
195
Harvester
International
2,900
105% 105%
.
96%
107%
110%
*109
109%
*137
131/4.
v.' 12
,:u
30
'29%
29%
138%
■
4%
4%
__i.No pat
Dec
Jan
16% Jan 28
Sep 10
Sep 20
Sep
4
Oct 10
10'A Oct
No par
—
'
>
v
29
Int
>> 10c
94
•"
Iron
Preferred
3,800
29%
29%
*88
957/a
96
97%
14
17,500
5
?137
.
106%
•v
7%
93
42'A
108 i/a
57%
*55
58
38
.
ii.
138%
41%
97%
14
15'/a
29%
29
*136%
106%
42%
108
971/2
■■1
98
'
*141/4
*37%
C'/ 29%
41%
1081/2
42%
108
30%
29%
301/a
*■13414
International
V> 7 y
29
•
8,500
540
4%
'
Int'l Business Machine
72%
28%
fe
No par
Rubber
1,200
185%
7%
preferred
9,300
11%
209
70%
*861/4
94
4%
ft
5
4'/2%
Intercont'l
Interlace
184%
6%
29%
29
*88%
94
*88%
,
50
900
44
47%
36
37
Oct
7
105
Aug 9
6% Sep 12
No par
100
Jan
14
37% Jan 28
10
7% Sep .19
1
Corp
71
Pk 184, V
6%
'
:
20
Stfs Inc
Dec
40%
19%
Jan
99% Apr
168i/2Mar22
33Vs Sep 19
13% Sep 19
No par
new
Interchemical
184
69V4
185
6%
10%
207
205
205
71%
185 >;
-
7%
Co
Insuranshares
VI
6%
*6 Va
10%
10%
11
207
V; 69 ••■:■;
185%
6%
29%
7%
7
No par
—.—„„100
900
106%
*105
6Va
6%
23
11%
36
116
1
^9% Jan
15
85
10
SA—
Inspiration Cons Copper
'7,400
v:>
39
38
106%
*105
6%
204
73"%
72
74%
40
V 10%
11%
Steel
44% Apr 23
45% Jan
Oct 10
5% Oct
:.;v
$ perthare
.
23
Lt—..No par
&
2,900
7%
*7%
7%
38
38
106%
6%
210
208
Power
Rayon
preferred
Inland
•"*
87
Sep
14% Oct
.—5
Co
RR
'
*105
6%
V Vll /•':
11%
212
212
74%
.73
1/1 *6%
6%
•6%
5,400
14%
14
14
13%
40
,.t
41
A—.1000
series
Ingersoll-Rland
1,500
,
31% Sep 11
18% Oct 10
100
A
Industria Electrica De Mex,
39
38
ctfs
• ,»
20
—100
-Industrial
>
183
; >■ *
*
4%
Terminal
Indianapolis
j
J per thare
-— t per thare
$ per thare
HlghClt
Lowest
Highest
100
series
lines
Stk
RR
Illinois
•
Oo__.
6,300
•'
119%
118
preferred
■
____
RR
2,800
V
39%
*179%
37%
*7%
7%.
38%
■39
105
105
105%
6%
87a
38
39
37
105
106'/2
*6%
1.
>
290
.-I'
Central
4
Par
Year 1945
Range Since January 1
i/:
Lowest
.
Co..
Power
'
.
I
1
..
Leased
/18,800
'
'25% '2612%
vk
6%
5,000
7»A
■-12%
'
183
VV
15%
*15
7%
'
<
'
1ft
*105
5
''
91
:
39%
118
*
1414
:*7%
'■•'■'
12%
36%
37%
,
/
39%
*179%
180
36%
'
25%
•
116
38
36%#
;
118
118
*87
7
12
40%
.
Idaho
2,500
V
10
38%
*12%
121
5%
/•I','24
26%
24%
12'/8
41'/a
122
42%
•14% -15%
6%
41 »/2
122
42%
■
EXCHANGE
,?
Illinois
18,000
91-
*87
17 i>,
:
20%
'
6%
26%
19%
41
-41../
43
.12%
•V
19%
18%
V
\,
1,800
367/a
>V'•/V 36
35
'
*15%
.V '
7 %■■■.:
7
25%
V
88
88
*15
.» •V> 7
26%.
V 26%
6%
/,
/>
V'V 35
1
20%
/' 18%
"41%
,;i
44
36
35%
21%
>>>144
44
>V
36
fe
NEW YORK STOCK
i
Sharet
t per thare
« per thare
v
:
Sales for
<
&
361/a
Range for Previous
STOCKS
Wednesday
Oct. 9
Tuesday
Monday
litdrday
HIGH BALE PRICES
Deo
33 Vs
Dec
Jan
41%
Dec
30%
Oct
19%
Jan
36
Aug
46
Deo
145
Jan
152
Oct
j
'
H1/2 •11%
10%
> /104 %
*1$3
*104
49
49,
*111
*111
1121%
122
V2
48%
122
120
122
122%
*119'/4
122
<119%
119%
*471/2
49
48%
48%
47%
47%
123
10%
105% 105%
47%
48
111%
V
118
122
117%
120
44
46%
/
45 >/ li¬
44%
: 44
44
120
:
*109
IH1/2
*109
111%
*109%
110%
*109%
110%
*108%
110%
nos y4
150
*120
150
*120
150
*120
146
*120
146
*120
146
Johns
2,800
1,200
V 900
.
351/4
35%
*100%
36%
34%
35%
IOO1/4
20%
19%
19
*20%
21V4
20% >:21
35
32%
:
:
■100% 100'A
'
'
19%
*20%
100%
19%
101
19%
36%
32%
34%
*100%
—
101%
500
18%
19
18%
18%
19
19%
5,900
19%
201/4
19.
19%
20
20
1,100
100 — 100%
.
19%
;
100
100
'
Manville
47
109% Aug
116
Sep 19
167 % Apr
101
100 >11 111
Sep 11
153
Oct 9
May 28
- Mar 20
32% Oct 10
•63
150
Sep • 4
108
May 22
34
Apr 22
108
89
July 16
9
Apr
9
May 31
Jan
Jan
118y* Aug
115% Feb
44
109
140
Johnson
&
22% Dec
34%
59% May 29
114% July 31
com___No par
Corp
preferred
3% %
19% Nov
9% Oct 10
103% Sep 10
45% Sep 9
108% Apr 15
12%
4% 2nd prefered ser A
100
Joliet & Chicago RR stamped__100
Jones & Laughlin Steel
—No par
5% pref series A
100
Joy Mfg Co
—1
37,800
35%
34%
;
!-—r—
•
Johnson
110%
*120
20
.
126%
123
117'A
122'A
1X117% 119 .V/
;
200
800
*111% 112%
111%
'
'
V
47
*46%
;
(F L) Co———,
Jersey Cent Pw & Lt 4% pfd___100
Jewel Tea Co Inc.JVo par
4%<% preferred
100
Jacobs
6,400
10%
,
103%. 104%
iV 48
v 112%
119
123%
120
48
*111
112%
*111
112%
#fe
10
9%
105
104%
103%
x 103
49
10%
10
> 48%
104%
49
1
10% *10%
11
15
109
Jan
Sep
Feb
25
90
Jan
53% Feb
2
31
27% Jan
Nov
145
Dec
137%
61
Nov
116
Dec
140
Dec
46% NOT
105
Dec
30% May
m
Mar
20
117
Jan
Jan
13
Jan
31% Dec
34
Jan
67
22%
Jan
18 V*
Jan
35% Dec
31
Dec
35'A
Jan
51
Deo
22% Mar
35
Nov
19
Nov
•
18% Oct 10
Nov
114% May
K
121
*118 Va
21 %
*118%
21 Va
*46
47
*15%
45%
25%
18%
*85
28%
*99%
21%
-
46%
*45
46%
15%
21%
20%
13%
13%
45%
44%
43%
41%
> 45
43% •'.•",•>
*41%
25%
25'A
18%
V 18%
87%
28%
*85
29
100
37%
49%
49%
46
47
36%
v
*48Vt
45%
Oct. 5
29 y4
> 20%
22
V 13
43%
13%
44%
21,400
;V:"25V /
25
18
18
25
25%
8,100
47%
47
47
1,700
45
45
45%
4,500
Kroger Co
89%
28%
29
27
28%
99%
99%
99%
99%
100
37%
38%
36%
37%
38
49
49
49
48
46V4
46 y4
45%
47
43%
And
'
•/>
430
'
___>_iVopar
(The)
I perthare
4
34'% Jan 29
30
9
60%
55
30%
29
100
46
101
19
3
20
20
24
10
4
15% Feb
83'/2Sep
27
Oct
90% Oct
33l/« Jan- 1
43
Sep 10
43% Oct 10
Jun 10
26% Feb
:
,
Jan
Apr
May
Aug
Jun
Aug
Jun
Sep
45% May
62% May
65% May
9
30
27
23
3
5
3
30
3
17
22
Par
Sharet
I per thare
31% Deo
124
Jan
8%
28
Aug
26
Mar
35% July
Jan
37
Year
Loweit
• per
thare
Mar
Dec
96% Dec
40% Dec
72% May
Range for
Range Since January I
Lowest
Highest
$ per thare
$ per thare
STOCK
EXCHANGE
the Week
Oct. 11
Oct. 10
NEW YORK
Bales for
Friday
Thursday
I per thare
.
.
t per thare
'
67
18
19
STOCKS
Wednesday
•
Oct. 9
>.
-Oct. 8
„
•
3,600
100
f
high bale prices
Tuesday
thare
45*
120
29%
28%
;
38
44Va!
1,100
38%
18.:
*87%
87%
99% >
- -•
2,900
18
1
-_5^ 15% Oct
1 :
19% Sep
Class B
1
12% Oct
Kennecott Copper
,ll-—Nq par
41
Sep
Keystone Steel & Wire Co—No par
32% Jan
Kimberly-Clark Corp new
No par
24% Sep
Kinney (G R) Co__i__,__—_-__l
$5 prior preferred
No par
Koppers Co Inc_-,fe--_«-_-__-i_-lQ
Cum pfd 4%
series——
_100
Kresge (S S)
.10
Kress (S H) & Co
No par
>
18
,87%
18% Oct 10
45
Sep 19
___.
;
200
41
*39
40
No par
-No par
100
(Julius! & Co..
Kelsey Hayes Wh'l conv cl A
4,000
36
May 31
122% Jan 3
40% Jun 11
19
Oct 10
117% May 21
--,10
Kalamazoo Stove Si Furn
Kan City P & L pf ser B
Kansas
City Southern
:
4% non-cum preferred.
Kayser
3,100
43%
351/4;
>:/v'47
f
12%
99%
.
«
20%
40
90%
.
15%
15%
19%
25%
/I
*88
15%
12%
41
18
;
300
3,500
47
■*44
i
45 ;«'■
5,400
.42% 1
13'A
.24%
19
1
45
37%
100
Oct. 7
§ pe*
.
251/4
20%.*
,
30
*118% 123
21 'A .21%
15%-
■44
*39
89%
./>■.
20%
12%
120
18%
*
15%
42%
41%
88%
low
8 per thare
20
13%
28%
.
Monday
Saturday
21
19
19
29%
*99%
36%
15%
>45%:
24%
251/4
87%
45
16
120
20
/
16
13%
13%
*41%-
-»:19'V'
20
21
21%
120
*119
21%
—V 15%
13%
120
'118%
46%
r-\
45
120
/Vfe
21%
:
16
.
21%
(•
-
3~5~% Nov
*49% Nov
50% Oct
,
Frevtoai
1940
Hlffceet
tptrjkare
'1
L
'
5%
6
/V,
43%
41%
43%
17%
5%
.
17%
17 Va
*55
70
*55
> 6
;
•
49!%
5%
6
42
4^2
17%
41%
17%
17
70
*52
'
6
5%
42%
16%
50%.-J?
12%
12% '
12 J/4
12%
11%
40%
41
40%
41
39
12%
12%
*41
41%
7%
2%
.
♦50J/8
W
7%
7'A
7%
6'/a
2%
2%
2%
2%
6%
14,700
43%
2,100
5,600
Lane
1,700
Lee
16
*50
2 68
x50
50
11%
11%
11%
'42
39%
39
61/2
6%
2V2
2%
8,500
2,800
>
J ;; 7%
7
*20
*20
50
♦19
19%
*67/s
19%
67/a
7%
:
50
*25
19%
38
19%
6%
6% V--.7
46
*237/8
43%
45
43%
23%
24
23
V
7,800
2%
7,100
28 Va
27%
28
27%
48 Ye
50
48'/a
10%
10%
10%
10%
10%
30
29%
29%
*29 Va
195
.
>
>19%
;.
195
1
V 3,200
6%
6%
6%
6%
42%
42%
43%
3,600
V 4,400
V 22%
21%
22%
23
23
V 1,400
26J/2
6 J/2
V;
27
27%
271/;
26%
27
47%
48'/a
;■'/: 47
49%
49
50
10%
10%
10%
10
10%
10%
10%
30
29
291/a '
28%
28%
30
87
841/2
84J/2
85
86
86'/a
86'A
86%
195'
86
88
88'/a
89%
*194%
195
*194%
193
I"
>194
194%
v
1
Lehman
Corp
Lehn
Fink
&
900
1,100
2,400
f
195
100
Life
Corp_—^
Owens
Corp
Savers
5
new
.'-25
Liggett & Myers Tobacco
•IvSeries
B
-.25
—
100
Preferred
38%
40%
41
1,200
*47 %
48
46%
47%'""'
46
47
44%
46
44%
45%
47
47%
2,800
48%
46%
46%
46%
46%
45
46
— 44 %
44%
44%
45
1,400
Link
*36%
377/a
36%
37%
36%
37'A
35
33%
36 V
36
36%
25%
25%
25%
25%
/ 24
235/s
24 "
25
25
106%
106%
No par
Lily Tulip Cup Corp—
Lima
Locomotive Wks
*46%
42
*38%
*106%
*39
Y
118
27%
28%
27
70%
19%
;v
20
20%
20%
176
176
*25%
49
25%
27%
72
20%
' *175
40
38%
27%
28%
71%
20
20%
21
179
176
,
25%
fe / 47%
48%
48
49%
25
25
24%
25%
*99
101
*99
15%
15%
15%
33%
33%
33%
V 16
101
■
25%
118
*105%
■
108
25%
26
25%
69
70
17%
17%
70%
19Vi
'
20%
•
20%
.
13,800
Lockheed
27,200
Loews
74
3,100
17%
20
A 5,100
21%
13,700
40
179
No par
100
—>.-1
Liquid Carbonic Corp
3%% preferred
27%
20%
Co
Lone
Aircraft
Cement
Star
Long Bell Lumber
Lorillard
7%
Corp
Inc
Corp^
—No par
No par
No par
—10
100
A
Co———
(P)
preferred
179
*175
179
*175%
26
25
25
25%
25%
146%
48%
46%
47%
49
5,000
El A
Louisville & Nashville.
23'A
24%
23
24%
25
7,300
Lowenstein
*175%
*25
.
20%
:
200
70%
26%
69
2,200
No par
No par
No par
Co—
Lien Oil Refining
26%
V
27%
ife 2,400
Belt
*1051/2 109%
■V 26 T" 27
;
26%
20%
:
-.
25%
:V;
25%
18
21%
176
25%
36
38%
26
•
'
'
39
:
*105%
27%
19
•
26%
71%
' :
25%
25%
15%
<
28%
26%
19'A V20
102
*100
'
v
71%
;
26%
*48%
118
27%
-
40
39%
25% T25%
*106%
27%-
70%
•
5
Corp
__No par
Ford Glass__No par
Libby McNeill & Libby ___-______7
Libbey
,
1
(The)Prod
Stores
Lerner
24,900
5
Lehigh Coal & Navigation Co____10
Lehigh Portland Cement
25
Lehigh Valley RR —
50
Lehigh Valley Coal
No par
Non-cum
preferred __________50
S3 non-cum 1st pfd
No par
/
50c
non-cum
2nd pfd
No par
8,600
87
88%
•
—__^___50
Rubber & Tire
4,000
30%
87
85
87%
195
195
38
/
19V2
86
84%
86%
84%
86
19%
41%
49%
66
V'
*20
38
23
28%
50%
"*81%
19%
43
6%
/
50
*29
19%
2%
42%
/;•
23
28
,
*20
38
19
44
24%
*45--
*20
20%
/:.
Bryant
preferred
4%%
'
2% '
.-No par
No par
l47%
24
''•/700
30
98%
99
99
16
14%
15
14%
15\i,
15
15%
33%
33%
34
33
33
32
32
*153%
162
*96
99
983A
l,90u
Louisville
4%%
—1
100
——10
& Sons Inc
(M)
pfd series A
cum
Steel
Lukens
No par
^.50
&
Gas
Co
•
Deo
31% Jan
48 %
Deo
20% Sep 13
102% Apr 22
54% Oct
6~3%
Dec
68
15% Oct 10
61% Jan 5
49
4% Apr
7%
9% Jan 24
May 29
5% Sep 19
38
Sep 19
4
Light
(The)
Lambert Co
15%
15%
68
49%
X38%
V
5%
43%
43
11%
12% ii
Gas
Laclede
5%
57/a
49
40%
V 7%
;: 2%
8
2%
50
V 491/2
50 Va
15'A
16%
■
50%
50 Va
40'A
1
67
♦50%
68
50
50 Va
5%
82
Sep 10
Apr
9
11% Sep 19
17% Jan 28
34'A Sep 20
55% May 23
>6% Sep 24 V 17% Jan 28
/ 2% Oct
iV; 49% Jan
19
Sep
6% Oct
41% Oct
* 21% Oct
26% Oct
46% Sep
V 10
Oct
28% Oct
83 Sep
84% Sen
187 ■ Sep
>. 38% Oct
44% Oct
44% Oct
V 27% Feb
30
24
5% Jan 15
64 Apr 4
38% May 16
>15% Apr 15
65% Jun 14
V, 33 May 13
44% May 14
74% Jan 28
15% Apr 15
37% Jan 21
102 May 23
. 103% Jan 24
210% Mar 29
.10
65% Apr 11
9
3
20
9
10
10
10
11
10
10
30
8
Feb 13
43% July 1
88
66
10
10
26
Jan
43'A Jan 29
23% Oct 10
104% Sep 24
25% Oct 10
25% Oct 10
64
Jan 3
r" 17% Oct 10
20% Sep 17
176
Oct" 5
24% Sep 11
46% Oct 10
23
Oct 10
98%Oct ll
14
Sep 23
•
120 Aug 7
45% Jan 14
41 April
94 May 31
35 Jun 10
31% Jan 18
197 Aug 28
32% Jan 17
72% Feb 6
43% May 7
108 July 9
30% Jan 14
47
Jan
72
Oct
12
Jan
17%
Deo
29%
Jan
44
Dec
6%
Jan
17%
Jun
5%
Dec
•
2% Mar
35%
Jan
60
Dec
36%
Jan
54% Deo
20%
Jan
27% NOV,
17%
Jan
51%
Jan
7%
33
78
35% Dec
:: 68
Jan
13%
Deo
33%
Jan
100
Nov
Dec
Dec
Oct
Jan
101%
Oct
Jan
198
Dec
Mar
60
Dec
47% Jan
■; 84% Dec
41%
Jan
60
Dec
19%
Jan
36%
Dec
29% Jan
40
Nov
19%
42%
Deo
37 Va
Deo
Jan
25 Va Aug
50
Jan
66%
Oct
15%
Jan
32%
Dec
18%
Jan
X32%
Nov
Jan
166
23%
52
190
Dec
Jan
31
Nov
Mar
68
Dec
13% Aug
M
*33
♦155%
162
*48%
*153%
49%
48%
44
44
44
*106%
108
14 %
*106%
14%
14
162
33%
*153%
49%
44%
49
43'%
|:106%
108
14%
13%
17%
17%
17%
18
16%
*16%
16%
16%
16%
16
For
footnotes
see
page
1887.
162
50
44%
109
14
17%
16%
48%
46
41
107%
131/2
,
*153%
451/2
162
46%
40 Va
42
107%
106%
107
43
*153%
46 %
42'A
*107
MacAndrews
6%
162
4,000
Mack
7,200
Macy
(R H)
300
13%
13%
13%
13%
13%
16%
16%
16%
17
17
17%
16
15'A
15
151/2
:
.:
-
,-10
100
Inc/
Trucks
43'A
471/2
Forbes
&
preferred
108'A
15
*14%
800
Co Inc.
No par
--No par
Madison
A
100
Square Garden new-No par
7,500
Magma
Copper
1,300
Magnavox
2,000
pfd
4%%
.
series
Co
(The)—.
10
f_.l
82
Sep 11
154% Jan
45
40%
106%
12%
16 %
14%
5
Sep 23
Oct
Oct
Sep
Sep
Sep
y
10
18
20
19
42% May 31
160 Jun 13
76% Jan 30
65 May 28
111% Apr 12
17% July 11
30 Va May 28
17% Sep 27
Jan
39
Dec
Jan
155
May
47% Jan
72
Dec
28%
147
31%
Jaij
52"
Dec
106%
Jan
110%
Nov
Mar
25%
Dec
17
.Volume 164
.THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4533
1883
NEW YORK STOCK RECORD
LOW AND
Monday
0
-I.
-
Tuesday
Oct. 8
fiTOCKS >r ''
Wednesday
Oct. 7
Saturday
Oct. 9
M.
Oct. 5
HIGH SALE PRICES
—
't per share
t per
,
I per
share
9
9%
•
14
27
27
.
r/4
27
27
37/a
t> 7%
11%
ll5/a
113/4
y
37%
373/4
37 Va
3
*109%
111%
*109%
11
37%
36%
37
15%
lo'/s
15%
15
*54%
56%
*28%
30
27%
*200
52%
P
*200
50%
*943/4
96%
10
10
*45%
10
.>
48
*113
*113
48
47%
•
26%
26%
*105% 106%;/
*31%
33 ZZZ
28%
26
'
28%
047
*104
105
24
28%
26
27
473/4
48%
42
,
24
23%
23
23
23
213/s
203/4
21%
20%
*105%
106%
.105% 106
*46
£ 105% 105%
.
48
*22
48
21%
20%
73
20%
48
22
20%
23
2D%
*683A
:
21%
*683/4
46%
/
*59
60%
*101
102%
*40%
59%
*101
403/4
106 %
106
"='10 5'/a
20 V*
20%
44
40 J/4
101%
39%
42
4%
24%
8,000
Melville
Shoe
193/4
203/4
10,900
Mengel
Co
;67%
50
21
21
21%
14,400
393/4 ,40
56%
;
59
57%
*100%
101%
40%
*393/4
40
57%
58%
103
*101
104
41
42
Merch
200
,
&
i
,
$3.50
9
Oct
Stores Co Ltd
Co
Sep
Sep
27%
Jan
65%
193/4
Jan
32%
Deo
43
NOV
30% Jan
Jan
Apr
104
70%
Dec
41%
Deo
109 %
Nov
:
Sep '
13%
10
Jan
27
Deo
17%
4
Jun
Deo
36
Jan
Jan'
30 %
Deo
25
Deo
29%
Nov
87%
Nov
12% Mar "
% Aug
8
26% Sep
3
/
35% Jun
10
14% Mar
105 Va Jun
10
54%
•
32% July
12
2
77
45% May
33% Mar
May 15
1103/4 July 19
61% Jun * 3
9
:
Jan
9
52% Apr-
Sep 19
397/e Oct
Deo
23
56
8
Oct 10
54
Oct
Bep
107% Aug 26
Sep 10
20 y8 Oct
7
363/2 Sep
4
100
55
114
Apr
35% Apr
62
5
i
Jan
193/4
20 3A Oct
No par
Co
Jan
Aug
24
19
—1
preferred-
Machine
Deo
8%
40%
110
30% Apr '22
45
No par
16%
5
6
52
19
.No par
Dec
Nov
May
May 27
Apr
9
36
Sep
>19
53%
'3
-
103
new——_1
195
10
10
50
cum
Mesta
Sep
__50
-
Deo
109%
108% Mar 21
22
>
Deo
Nov
33%
Jan
Jan
18% Sep 10
7.
63%
48
Mar
27%
56% Jun
,
22
_10
Jun
69
Sep 12
_JL
Deo
243/4
46% May 29
48% Apr 22
Sep 19
Sep
9
103
Oct
463/4
71
122
23% Sep 20
No par
Deo
111
Jan
43
10
41
preferred
'
2,600
f-
42%
Jan
Sep
40
May 31
44
Co
Trans
Jun
104'/2 Sep 26
30
Sep 20
(Tlie)i._l
Min
17
55
118
Mar
Jan
34% July
104% Sep
19
9
18%
Apr
22% Aug
176% Jan
18
18
Sep 19
25 y4 Oct
100
Corp
11
5
Merck & Co Inc
1,800
49
40
204
Sep
Deo
Dec
21%
70
May 10
112% May 13
96
Oct
4
42
No par
1st
conv
Mercantile
800
Co
preferred
67%
20%
parP
preferred
2nd
5 %
8
4
23
Sep
Sep
Oct
9'A Oct
453/a Sep
111
Jun
Deo
7%
9% Mar
50
_^18
Inc
—
Mfg
Jan
39%
11%
109
104
94
Co...—.No par
Stores
197/a
20%;
57%
60
102%
4 y4%
600.
195
.——I
Corp„_A
723/4
40%
59%
Mead
19
21
*101
233A
•46%' Z
75
Apr 18
48% May 28
38% May 29
par
—No
Co.—
preferred-
McQuay-Norris
•
7
No par
Robbins
McLellan
60
:
9
Oct
No par
Pub
&
*68
213/8
403/4
"'.46%
233A
21%
21%
-
,
106
47%
•
,21
106
No
Porcupine Mines
2,100
*
Sep
48
.*
6,000
-
•
5
Corp__l_
^-_1
preferred—--!
100
5,000'
A23-Z/
20%
Mclntyre
$4
30% Jun
Stores
McGraw-Hill
:
9 '
*
Jan
15%
112 % Mar 25
243A Sep 20
Jan
3%
2
....No par
Corp
McKesson
100
24
23
.
V'.
110
23 3A
:
106
*46
47 %
M5%
70
60
102%
40%
203/4
19%
*40%
*104
22%
'67 %
41%
110
233/4
723/4
41%
1,400
4,500
45% Feb
125/8 Oct
Deo
18 %
4
5
Electric
24
11
100
Stores
conv
57% Apr
Sep 10
/V 27'A
___1
preferred-
3 % c/c
23
Sep
No par
1st auum preferred
McGraw
/*/" 2,200
43%
19
21%
41
273/4
48%
42%
22
21%
.20%
1,900
263/4
23%
20%
20%
303A
1'
203/a Jan
Sep
par
;
cum
McCrory
820
48%
20J/a
24
20 y4
20'/a
3,800
42%
>23%
•683/4
72
20%
40%
:
47%
■
,/•
27
106%
10
Nov
32%
7% Mar
4
xlOO
.No par 7;
preferred—
McCall
2,400
26%
106
47%
19
233/B
'
$3
,,.$6
30
23
X23-
21%
24%
24»/4
100
:>;U0
27
*104
110
*104
.24
;
413A!
41
110
*104
3,100
,
48
11% Feb
15%
Jan
24
28
31
Wks
7% May
,
Jan
par35
100
Co^.
8
Oct
625
14
46% May 31
10
ll'AOct
\
Co____
pfd
Maytag Co—j,—
115
*46
:
30
.27
10
$3.40
41
.•••■/
_„JVo
9
73/8 Oct
100
preferred
$3.75
46%
43
104%
10
*45%
'
Co
Alkali
Dept
670
95
'*112
26%
106%
30
48%
43%
104%
9%
48
May
7%
Z
-
Oct
Corp__
Elec
280
106
94
113
313A
21
:
9%
48
113
7
48
115
25%
23%
.
\ 10
943/4
105%
423/4
.43%
*94 y4
:r
49
31%
6,200
Master
f
52%
105%
-
Masonite
Mathieson
V
v
206
51%
106;
463/4 * 47
473/4
*27
48
*42%
95 y4
*198
51
27
32
32
9 %
206
50
105%
106
26
105%
106y4
*198
&
2,70ft
1,100
27
27
preferred
(Glenn L)
3,700
50%
28
26%
*44'A
*113
115
473/4
473/4
26%
*105%
94%
48
■,:*U3x
49
*
14
3V2 Sep 19
Highest
I per share
Jun
425
8
26% Jan
L___l/'
Martin-Parry Corp
27%
503/4
10%
*45%
48
115
493/4
16 3/4 Apr
prior pfd
5,700
27%
Aug 15
___5
6'/o
.14%/:• 143A
.
26
105%
Ry
Field
4 y4%
526
Oct 10
Corp___________5
Martin
27%
206
Marshall
St
10
87/8 Oct 10
Exploration
6,700
25 y8
50
Z
95 %
10%
16
*45%
115
48
96
96
95
48%
8,700
20
Oil
Midland
Market
111
273%
105
51
106
*105
14
Marine
Jun
I per share
13
Shirt-;
Maracaibo
■:.35%-/;36%:t
26 %
*200
206
503/s
50%
106
*105
52
25
27
*200
206
50%
105
26%
13
Manhattan
•
I per share
I per share
520'
Year 1946
Lowest
No par
Bros
1,010
363/8
X36%
.35:7-;.;
900
10,100.
12 %
*1093/4
>
'
15//
,27%
■27%
27%
27
110
34%
Mandel
3,000
r
7%
35%
lift/
49
54%
263/4
206
-
50%
105
35
,
.36 /
123/a
27%
273/s
35
109% 110
.35
Range Sine* January 1
Lowest
Highest
Mahoning Coal RR Co-__»„i_«_,50
Manati Sugar Co
L
1
700
3%
:
Range for Prerlote
'
v
,".'Par
;
2,000
15
.
33/4
1%
12
^ 37 ZZ
■'
.
3/4
Z7%
.•
STOCK
....: Shares
9%
*133/4
.
YORK
EXCHANGE
500"
9%
..
.
•.
NEW
the Week
share
*385
9%
13
.
8 per
500
/r.-8%
13% Z 13%
..
Oct. 11
share
*385
Sales for
Frldav
;
Oct. 10
500
*385
Thursday
Jan
56
Deo
106% May
111
Jun
37
•
'
109
109
103/4
*108
11
35%
103/4
>353/4
353/a
37%
35%
147.
*36%
*147
149
353/4
101/4
11
10%
11
35
37
*147
149
39
39
*147
108%
1083/a
10%
10%
103/4
33%
35
149
343/a
34%
34
34
*147
149
36%
34%
•
110%
10%
10%
34
36%
35%
37
147
*108/;
109
109
109
109
109
160
8,000
36%
149
Miami
5,300
.
343/4
35%
*147
Metropolitan Edison 3.90% pfd_100
-
V
.
.
10'
39%
y *11,/
11%
11
11
10%
50
49% is. 50
48 %
50
*107%
*38
108%
*48%
1083/a
49%
9%
10%
*101
49
108%
30
*100
10%
10%
45
47%
47
*100%
112
10
10%
my*
47%
*108%
112%
487/a
49%
9%
47
9%
93/4
8%
110
*1007/e
110
*104
..
3,700
50,
'•
1,500
Minn
Min
8,700
'
Minn
Moline
114
$6.50
30%
<28
30%
30
-28
30
293/4
293A
30%
3,100
Mfg—'
&
Power
Mission
7%
7%
>~22%
Z >Y
14%
21%
22%
45%
13%
14%
14%
*30%
31%
;•
303/4
''-'.14"
30%
30%
493/4
49
49%
1223/4
*120
124%
70%
70%
•893/4
70%
!
22%
69%
N.opar
Corp_
6%
6%
6%
.
28,500
v
Mo-Kan-Texas
RR--.
No par
'
19
21'A
21 Va
223/8
18,100
433/4
*
433/4
/.z: 44%
44%'
1,200
Mohawk .Carpet
13%
13%
3,400
Mojud
/ 29%
30
13%' /
293A
29%
,
■30
7%
preferred series A-il
Hosiery
Mar 18
Apr
5
II93/4 July-
1
75
13
Oct
26 %
Deo
68%
Mar..
Aug
42% Mar
-
Oct
^
new——1.25
56% Aug
9
19% May 28
44
109% Jan
124
Deo
22% Jan
37
Deo
16%
Jun
9
Oct
10
52
Jan
23
70
Apr
8
/
13 V8 Oct
No par
•
V
Jan
5%
173% Jan -24
5lA Oct
19
Deo
13%
7% Mar
Mar 25
May 31
,129
10
.433A Oct 10
v
20
Tool-'
Monarch Mach
1,300
Inc
pi
100
_.L
Mills
Co
68 %
Sep 26
Sep
28'
10
—
13%
f4»-';
-
70%
65%
67%
70
65%
22
.22%
20%
-21%
18%
18
21%
18
21%
21%
V
*37
41
41%
*15%
16%
15%
,
110%
>16%
49%
Jan
>
Jun
62%
Deo
36
Jan
36
Dec
235/8 July.15
10
293/2 Sep 24
17
17%
3,500J
Motor
21%
20%
21%
21
21%
2,000
Motor
37%
35
41
39%
39%
1,500
Mueller
14%
15%
14%
15%
15%
16%/
2,800
Mullins
i 04 %
*103%
105 :;Z
22%
21
42
15%
15%
,
•
.
.
*104
105
104%
104%
1043/4
15
15
14%
15
K- 13%
14%
35
34%
35
34%
35
343/4
343A
1093/4
iio3/4
110 y2
*110
*110
4110
110%
110%
9 3/4
14%
.
"■
J
'-/v:
-14%
34%
111
100
30: /
35
111%
.
11
142%
56
11%/
10%
10%: 11
41%
11%
*41%
41%
*40
42
*35%
37
36%
37
700
54 %
54
54
*51
55
*54%
55
200
>
10%
LOW
10%
11%
AND
10%
45
Monday
Tuesday
Wednesday
Thursday
Oct. 5
Oct. 7
Oct. 8
Oct. 1>
Oct. 10
t pershare
8 per share
14%
13%
14%
26%
26%
t per
share
Co
No par
Lines
$7
Wheel
25% Jan
Apr 22
Mfg
20 V2 Oct
.No par
102 J/2 Sep
13 y4 Sep
10
V2 Oct
7
:
; 34
Myers
(F E)
America.
108% Jun' 27>
93/4 Oct 10
i.10
36y8 Oct
L-.50
& Bro.........No par
54
.
8
53%
15
41
:
Oct. 11
I per share
NEW YORK STOCK
EXCHANGE
:
i;
Deo
21%
663/4 May 29
22% Jun 13
31%
Jan
9%
33%
Jan
49
May
22
Jan
I-
Oct
Deo
18%
i
Deo
109% Nov
97% Mar
109 %
2
21%
Jan
20
13
15
48% Nov
,
Deo
52
Deo
66%
Jan
63
Jun 11
Jan
115
Jun
Jan
55% Feb
.70
Deo
32%
473A
23% Mar
8
414% Jan
Nov
Lowest
Highest-:.
/
t per share
Par
Year 1946
Range 81net January 1
Lowest
Shares
I per share
Deo
64
y
Range for Previous
Sales for
the Week
Friday
Deo
61
16
May 31
409% Feb
6
27% Aug 24
;•/
11
Oct
29
36
9
24%
Deo
Jan
Jan
>' 34% Jan
1
* \
Deo
Mar
21
3
62
11
5
-
■
Murray Corp of
4%
preferred
;
30% Apr
56
18
1
Sep
14 y4 Sep
Inc
104% May 29
793/4 Aug 23
10
34
.
Murphy Co (G C) com
1
4% % preferred—100
9,600
/
157/8 Oct 10
', 203/8 Sep 20
:l
-
class B_:
Co
preferred
Munsingwear
57% Aug 21
135% Jun .17
19
Sep 30
42
Np par
—♦.—5
Co—!—_
,
j
>
^ 50Va Sep
No par
Corp.—!!
Brass
10
-50
Inc
Corp—
10
lliy2 Sep 10
65
Oct 10
•/';.643A Sep 10
STOCKS
Saturday
t per share
•
Products
SALE PRICES
HIGH
&
—
Morrell
2,500
3,500
550'
i-
Ward
$2.50 <cum pfd
(John) & Co
yrt
600
43 y4 Sep
5
No par
Moore-McCorndack
2,300
:V
54%
:/>/- 11 %
*54%
17
17%
34%
35
*110
15%
16%
54
;
153/4
104
104
153/4
35
44
.
-
42%
new
series .A
Receipts
55
18%
<
15%
105
153/4
:
22
39
16
Montgomery
.
44
21
41%
i
400'
Chemical Co
preferred
22
42%
45
18
21%
*'.
26,800
70%
$3.25
-
*52
20%
*52
52%
55
45
fi
V ?69
Monsanto
200
70
69
643A
:
9,500
123
42%
52%
x42%
*52
55
68%
643A
.48%
*118%
36%
22%
21
45
*52%
7
47y2
123
65
65%
45
•
*118%
67%
45
48 3/4
•"
;
121
67%
54%
*103%
48%
121
1241/4
70 Va
23%
18%
47
49%
*121
70%
*44%
-
30
30 3/4
5%
14
*69
*52%
•
14%
.
21%
45
'
# 263/o
9
Dec
Mar
160
'
49%
1223/4
iv
22%
V 6%
13%
45
v
/:;■
5%
7
21
45%
19%
44
6%
7%
22%
47
;<
p. *45%
Oct
Jan
53
63%
Jan
1
Deo
36
25% Aug (..
35
137
9
: Feb
14% Nov
Jan '
9
July
93
Oct 10-
7%
■
1
"
•
62% Jan
173
19
Oct 10
>
45% May. 15
Oct 10
Sep
18
18%" Feb 16
40y4 Apr 30
8y2 Oct 10
100
Sep 19
No par
Impl
preferred—
'
30%
313/2 Feb 26
No par
34
8</o cum 1st preferred--—100
145y2
Minneapolis & St Louis Ry ..No par. pi 363/2
Minn St P & SS M A vtc
No par
9 3A
Minn-Honeywell Regulator
—3 •"
45
3.20%
conv
pfd series A
—100
105J/2
>
1,100
4,100>
48%
112%
'48%
*108%
9%
393/4
47%
45%
47
8%
10%
36%
36%
93/4
,
*108% 108%:
V
£8%
*1007/s
'
10
■
112::
93/4
110
38%
49
48
9%
36%
38%
40
•
*108%
49
9%
111
30
«
10
Petroleum
113% Apr
10y8 Oct-10
Midland Steel Products
,
•
39%
*.5
Copper
Mid-Continent
2,700
.
Sep 26*
107
% per share
Highest
tper share
-
tper share
,N.
L'^4'
15
15%
*27
1434
*27
27%,
15
15
*263/4
28%
27%
28%
18%
19
17%
19
11%
11%
18%
11%
11%
18
18
19
'
25 v:ZZ
25
25
24
24
.'
27%
27
273/4
26 3/4
27%../,/
28%
28%
19
19%
11%
11%
18
18
25
27%
•187
/
Z
195
-
,*26
.'
233/4
29%
28%
*188
28%
11%
17%
18
23%
'
28
192%
.
*23
,
25%
*188
11%
11%
11 %
,10%
11%
10%
103/4
9%
10%
35%
35%
34%
35%
16%
25%
26%
16%
16 v2
35
36%
16%
.
,
36
16%
,
363/4
21%
20%
1I6
27
16
•
16 5%
15
23
*36%
373/4
*3634
193/4
20%
19
193/4
104%
104
-
30
*192
198
•192
z
2,000
Battery
.14,900
National
Biscuit
400
Nat
*150 Z
155
*150
y
153
8%
;
22%
44%
2
•
81%
*26%
141/4
2%
81%
:..
8
30 %
Z;Z;Z2.:Z
VZ
28
81
28^2
16
15
15%
15%
343/a
35%
34%
35
35%
36%
.National
;$ 2% f
;Z
Z
■
22
>Z 21%
98%
96%
25%
7,300
20%
20 3/a
5,400
223/4.
57,100.
*35
37%
18%
35
35
36%
:
'
.
19%
18
104%
>
104
303/8
.
:/y 29
16 5/8
104
-Z;
196
153
*150
.104
,
.29%
153
': v.V 5
82% :'Z
263/4
26
:-.z
7%
■Z:
283/a
*193%
zy
y
17%
.35
35
-
104
104 ;.Z
29
:&z 283/4
196
V
30
Dairy
20%
20% ZZ;
.
96
-
y
Enam
$4.50
7%
preferred
B„_
*95V2
;Z 10%
20%
20%
20%
20%
20%
*19%
/
Z
24%
20%
203/4
98
95%
96
-.243/4
19
20%
109
27
27
:
-
20
107%
•
18
107%
27
105
105
113
32
32
31%
32
31%
32
31%
32%
29%
*1C7%
100
*99
100
10
19%
105
*111%
113
*99
100
27
*111%
113
•
:•
263/4
*104%
*111%
27%
v
•
Z"
106
29 %
-
99
31%
32
98
99
33
313/4
19%
20
20%
38
373/4
15%
153/4
15%
15%
143/a
137/8
15 3/a
15
30%
30
32
:
29%
31
29
29%
30
86
86%
87%
88
85%
8 75/B
81%
85
80%
84
86
18%
18%
18'%
183/4
19
18%
183/4
18%
10%
18%
30
Va
Deo
41 %
NOV
Mai¬
323/4
Deo
Jan
19%
Deo
38
Nov
54 %
NOV
26%
Deo
45
% Apr 22
.
;
30
'18
>27
191
xl49
-40
_100
—
Co„:
10
.-__1
.No par
serial
1
(J J)
33A% .preferred
New Jersey Pr &
—1
preferred—_100
common .No par
—
100
Lt Co 4% pfd_100
Corp—
—10
1
1
1
Newmont
4%%
;■
Mining
preferred
—100
3,400
Newport News Ship & Dry Dock-—1
New
73,700
'Z
20%
ls
1,900
1
13% Jan
813A Apr
Aug 13
%
A'v
Sep
9
Sep 23
Oct 10
73/8 Oct
10
34% Jun
24% Jan
14
323/8 Aug
9
673/4 Jan 29
33% Jun 14
108% Jan <24
37
Jan
13
_
Jan
Jan
37%
177
Sep
199 %
Deo
,152
Bep
167
NOV
24
July 29
173/ Apr 10
10% Aug 21
207
20f/2 Oct 10
41 % Feb
4
83
Sep 19
25'% Sep 10
12 3A Oct 10
193/4 Sep 24
75
91
213/2
14 y2
10 y8
Sep 20
Oct 10
Oct 10
Sep '4
2
;
Jan
-
V2 Sep 12
•
Apr :
22% Aug
65
101% July- 1
38
Apr 25
25
Jan
32
18
15
29
Jan
106% Mar
26 3/4
10%
42% May-10
Feb
2
_l
r
10%
85% NOV
Dec
36
24%
Jan
Deo
33% Mar
July
102 % Nov
2
24% May 27
15
Dec
Jan
21
72% May 17
19
"7p-i Vi Aug 27
Jun
108
*101% Aug
17
40% Apr
4iy4Sep
New
183/4 Oct
Oct
Feb
263A Oct
104
Sep
110% May
30% Oct"
27
Sep
98
Oct
18
106
19% Oct
"
15%
Deo
23
Newport Industries
50
15%
30
conv
Newberry Co
10
39
Deo
30
Oct" 9
.—No par
4,800
>
195
Jan
15
-10
1
3,700
7
20 3/4
36%
Co
-
Corp—
43A%
2,000
98
20%
39
Tea
Neisner Bros Inc ney
y 170
•
113
32%
30
19%
1887.
Nehi
1
30%
38
5
29
Oct
20%
.
Jan 5
107%
Deo
29%
Deo
—
14% Nov
Jan
/• •••'
10
203/4
page
.
3.500
900
41%
see
Natomas 'Co
19
18%
footnotes
t? J '.
Pa
preferred——
preferred
_n—
National
109
20%
30%
213% Feb
45% Jan
Deo
181%
12%
i—25
conv
4%%
Nat Vulcanized Fibre
*18%
40
30%
For
%z
21
15%
1
31:
16
Apr
13
May;31
...No par
(The)
3,400
ZZ.Z
!
*106%
109
105
Supply
5,200
19%;
41%
20%
*40
323/4 Apr
205 %
37
i_—4
Corp_j——
3,100
10%
27
31
104%
i
National
*34%
243/a Aug
distribution.
Sugar Ref Co
140
103/8
18
National
•
19
"Z
1,200
$2
Steel
Co
ex
29
373/a May
26
Co—i—Np par
National Power & Lt
ZZ„ 1,800
21%;
■97%
25
105
.:
31%
30%
•
,
Cast
13,300
!
15%
183/4
113
413/4
15%
27
10
10
10
—100
Products
National
v
::
15
10%
20
105%
*97
97%
Oil
Deo
23% Mar
34% Apr 17 .1
100
2,200
'
:
/
19%
113
21
21%
'Z'
■'
15
31 Va
413/4
81
24"
14 %
10%
*110
100
V z
ZZ-.
21 % -■23
15
32
*20%
•
■
203/4
80
National
36,300
-145/a
:
Nat
1,000.
v.
14
21%
■
2
14%
*20%
31
1%
12 3/4
*19%
32
r:Zv?Z,
133/4
20%
Z
,25
.
:v,
Mall & St'l
4,000
z:
Nov
32%
13 5/a
19
National Linen Service Corp new__l
3,500.
-
:
>27
14 3/8
27
73/4
22 %
46
27 Z;
10%
*97
28 3A Jan
19%
Jan
9% Mar
v
Sep
.-10
A
preferred
26%
153/4
27% b;
2
Co——'—
6%
26
10%
20%
1%
7%
203/4
*45 ;■"■•!
43%
preferred
^
Lead
10
,263/4
zzz 153/4
*107%
2
/' y,
conv
National
8,200
Co__—;
20
263/4
153/4
20%
43%
Stamping-
195
80
10%
109
7 3/a
7%
20% < 21
Z
&
152
*149
78%
15%
25
149
780%
10%
105%
Deo
20% May 28
Feb
Products————No par
5
National'. Gypsum
160.-
::
.
;
-
13%
143/4
:: 95
22
>44
10%
-27%
413A
23
Distillers Products new..No par
Nat
30,400
105%,
195 ZZ
v
Nat
300
1
'
19
18 %
-M
:
y.
79
z
263/4
14
-.*149
7%.
21%
:.Z y ■ 44
e 2% y?
44%
82 '
-
8
22%
44%
16
>'*
16 % Mar
Sep
Sep
3
Oct 10
21Vb Oct 10
No par
33
Sep 24
-—1 Z"
16% Oct 10
No par I 102% Aug 16
National Dept Stores new_l
22
-26
28
Deo
15
Co_—i—1
193/4
10%
105 %
Cylinder Gas
22 3^
16
113
NOV
373/4
24
1
21%
*25
28
Deo
66
Jan
Sep
22j/2 Oct.
93/4 Oct
3iy40ct
—1
18
yyz- 2
96%
*105
25%
Jan
20%
190
•
No par
-
223/4
22.
21%
*110
Register
Container-
20 %
*193
.
26%
14%
,*106%
Jan
353/a
Sep 24
153/4 Sep 10
—10
19%
'/■
zy, 14
109
Corp—
X21%
196
y.
14%
*106%
_100
23%
29%
%
*96
•
15%
16
41% May 31
34% Jan
2
9
22
Sep 23
25V8 Oct 10
'*
4
Corp——No par
203/4
8
*20%
;;
Can
_5
!
—_;
City Lines Inc
National
7,300
15%
Cash
Nat
8,300.
30
Nat
4,500
153/4/
28
*150
81%,
26%
15
52% Jan
10
common-!—10
—
Share
2,900
34%
15%
153/4
*193
22.
■j 45
45
&
National
'
*73/4
*
25% Jan
27
_1
Corp_
preferred
Bond
Inc
Co
Co
7,200,
10%
253/,
.
7%
1
•
33%
y
National
23%;
10%
34
4,100
195
*23
Fibres
Aviation
Nat
*104
198
22%
'
13 y8 Oct 10
26 Vi Oct
:_5t
Airlines——!—.^—1,. 1T% Oct 10:
Automotive
363/8
36%
18%
104%
30
44%
" 'c\ «V *• *i•j}***-'-? J-ii " '
*■
100
^_1
23%
363/4
S> 293/4
'p.
;
Louis
20%
23%
Z
St
,Co_—
National
-,t.
263/4
15%
.
Corp
&
35%
21%
233/8
104%
31%
33%
15%
25%
17%
23
.
Nat
13,800
_
23 %
.
:
Nash-Kelvinator
-
21
z
33%
'
16%
27%
17%1
*188
z
16
11%
253/8
22%
.26%
18%:
•
23
-
195
22%
163/8
'National
253/4 .y
23%
~
9,600
18
23%
*22%
16%
Acme
z/Z
23%
263/4
National
zyzzji/y
22%
35
2,900
18
23%
16%
28%
28%
.
18%
*22%
26%
Chatt
10%
23%
34%
Z
Nashville
17%
*223/4
11
20
17%
26"%
*188
26%
10%
Z;
23%
26
;v>.
192'/a
27%
18%
10%
•
36,900
'
28%
173/4
,
14%
*26
,
>r/; ;
"<
14
13%
'
195
*190
27%
13%
2,900
87%'
2,700
N
Y
■6%
3,300
19%
N
York
York
Air
Brake
Central
Chic & St
Louis Co_
No par
,...No par
100
preferred series A——
100
Omnibus Corp——No par
Y City
36%
137/a
26
79
Oct
Oct
Sep
10
10
8
11
19
28
10
23
11
9
10
10
19
Sep 24
18% Oct 1
32 3/4 Jan
22
' Sep
30
28%
153/4 Mar
Deo
26
103
108% Mar
Feb
109% Aug 29
43% May 24
110% May 27
106
Oct
109
Nov
111% Jan
105%
Jan
110
NOV
30
35 ,'Z Deo
50
Apr
20
32
Jun
27
18%
Jan
343/4 Apr
19
5
69% Jan
18
109 Va Jun
16
61% May 29
35% Jan
135
Jun
37% Feb
Xl6% Aug
37
'
Deo
47%
Aug
45
•
\
Deo
88%
Deo
27%
Deo
Mar
58%
Oct
21%
Jan
35%
Deo
32
Jan
75%
Jun
45
10
103%
Jan
16
28%
Jan
148
39%
Jun
NOV
1884
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, October
14,1946
NEW YORK STOCK RECORD
V-
Saturday
Monday
Oct. 5
• per
share
*21%
Wednesday
Thursday
Oct. 8
t per share
25
*50%
Tuesday
Oct. 9
Oct. 10
Oct. 7
*21%
59
8 per share
25
25
*22%
59
*260
300
*250
300
109%
*108
*108
109%
*108
*51
13%"''
13%
*33
i3y8
35
232%
229
232%
125
125%
125
♦108%
13%
>'•12%
26%
26%
11%
18%
/:.\f
116
18%
-
18
18%
125
25%
11%
'/.
24%
'■
N
Y
Power &
N
Y
Light 3.90% pfd__100// 105V* Sop 24
Shipbldg Corp part stk
1
'12 V2 Oct 10
Noblitt-Sparks Industries
5
3iy4Oct
9
600
229%
1,020
126%
140
26%
25%
27%
21,000
North
American
11%
.!'•/ 10,900
North
American
114%
16%
18
18%
'
19
104
28
*45
103%
103%
104
27%
104
103%
24%
25
104
103%
103%
103%
103%
Northern
Ry
300
Cum
Pacific
States
Power
Co
28%
27%
28
46%
47%
47%
*46%
48 %
100
Northwestern
Telegraph
11%
11%
11%
11%,
10%
11
10%
10%
10%
10%
1,600
Norwalk
Tire
17%
&
17%
*17%
18
17%
17%
17%
17%
17 %
17%
17%
17%
1,600
Norwich
Pharmacal
2,700
Ohio
26%
25
23%
47%
*48 Vz
•
25%
48
26%
*47
..
0
32%
32%
*109%
110%
109%
22 Va
22%
*21'
22
v
22
20%
20%
21
102%
11%
102
11%
*116%
'
117
31%
102
11%
*116%
y
21%
117
29%
29%
30
28 y4
28%
28%
27%
*160%
163
*24
"
*160'%
26
*80
89
"
>"75
*24
/'-■
'
89
74%
>24
.
*85 /
75
74%
75%
11%
11%
12
11%
12 './/
*16%
18%
17%
17% y
*17%
*50
52
52
*50
*26
28
26
39%
"39%
59%
60 'A
;
32y2
:
*32
123
*60
6%
6%
14%
14 Vz
14%/:.
/
43%
.
43 Vz
/
,
*107-108
5%
.
*58
5/8
*107
55
*107
'i
3%
3%
40%
40%
i:
//
69%
24
24
*7%
,
*31 Ve
*31%
111%
*111%
21%
21%"..,/
25
25%
39%
21%
3%
27
27 /,'/
68
45
-45%
23%
20
71/2
7%
// 18%
31%/
31%
115
*111%
94 />v
/•'
21
■/
.,
25
\
:>
48
93%/
93
23
24%
18
23%
./
18%
22%
/ 16%
*100
105
79
78
78
*70
77
:/
*29%
31
29%
107
*105%
*9%
9%
9%
Saturday
Monday
Oct. 5
•
n*r
share
•
tier
13%
59
59 %
59
59%
60
33%
34
33%
34
33
64%
65
♦64%
65
14
13%
111%
26%
27y4
27
27%
29
29
*29
30 %
♦119
120
♦119
12%
12%
22 y4
112
*29
1
*105%
107
104 %
*21%
23 y4
:>
*120
105%
.*101
23%
*120
57
57
*19
21%
31%
31 y4
*19
♦104%
104%
*123
130
8%
*95 y8
8%
98
19%
*95 y4
19%
*18
19
19%
206
36%
37
35 %
"
8
8%
10%
107 '/a
107%
62
*100
*77%
73%
*13%
*188
—
-
79%
*13%
14%
16
,'^i
36
7%
10%
Thursday
Oct, 10 i
13%
112
633/4
111
26%
26
29%
118%
*118%
119%
20
12%
123%
12 Va
12%
12,200
21
22%
20 3%
213%
21'A
22
95
937%
93 7%
93%
36
34%
363/4
36%
38%
21%
.
19
18
104%
18
31
*123
8%
>95%
19%
18
19%
*18
30
8%
98
*199
35 li
37%
/
104%
*118
*77/a
*955%
30%
"V-
77V
130
8
8
%
30%
98
*185
18%
*18
34%
7%
9%
106%
78%
78%
12%
133/8
*188
36
73/4
*77'%
80
*13
14%
15
15%
13%
15
133%
16%
16
16
16
16
*15%
20
20%
19%
20
19
21
22
22
22
*21
16
16%
14%
15%
14
133/4
14%
"10
205
10%
63
3,800
113
64
40
V-,
810
•
77%
77%
60
14
>
14%
700
*180
14%
16
14%
15%
7,600
*15%
15%
300
series
Phillips Jones
A
Corp
preferred
7 %
Petroleum
Phoenix Hosiery
Phillips
Pitts
C C
Coke
&
Chemical
100
Co—No par
preferred
conv
Consolidation
Coal Co
Forgings Co
Pitts Ft Wayne & Chic Ry.
Pittsburgh
preferred
7%
3
100
5
—100
100
No par
100
No par
5
& St Louis RR—
...
Glass
No par
1
1
100
—.100
10
No par
Co
55
35%
37
8,000
36
37%
33
36a%
32 V*
35%
36%
37
*99%
100
11,400
99%
99%
99
993/4
100
34%
35%
33
34%
33
13%
43%
100
%
33%
:
1
;
..
i )
19,800
■'
500
500
2,900
34% Apr
12% Feb
-
27
Cct
9
Oct 10
5
1
Creek Pocahontas new
& Co
Pressed
4Vz%
class
Steel
No par
B
Car
Publicker
$4.75
Public
—1
Inc...
Co
50
preferred ser A.„
Procter & Gamble
—
Industries
cum
Service
of
5
Inc
preferred
Co
No par
No par
Colorado
20
Deo
Deo
168
Jan
Jan
32%
NOV
74
Jan
95
DOO
58
Jan
79%
Deo
22
Yu
90 Va Apr
10
43
3
*
10
20
Deo
9
7y2Sep
93
Sep
18
Oct
17
Sep
197/. July
201
Oct
30
Sep
7% Sep
Jan
29%
Apr
106%
25
24
20
9
20
11
7
10
4
15
Sep 10
14 Vis Oct 10
12VaOct 10
10
9
10
10
10
X39% Nov
Sep
14 y4
Deo
X80%
Deo
Oct
110
2%
21%
Jan
De*
5%
Feb
Deo
39% Nov
30
6% Mar
79% Jun
59
Deo
17%
:
Deo
24y« Mar
Oct
X18
July
78 y4
Jan
17
Oct
111
Jan
56
106%
72
Jan
Mar
57% Jun
21%
45% Jan
49%
Jan f
Deo
16% Feb
11% Aug
17%
Jun
28
Dec
33%
Deo
30%
Deo
.19
16
33 V*
May 22
115'
Apr 22
51% Jan 25
40% Jan
36% Jan
Nov
20%
49% July 16
68
Jan i
111
24
11
17
113
24%
Deo
Aug
46%
NOV
49
NOV
37 Va Mar
46
Jan
69
Jan
.14%
•
19 Va
38 y4
Nov
Jun
Jun
10
92%
Jan
17
63
Jan
116%
43% Mar 18
Mar 12
14% Apr
41%
26
Apr
105% NOV
8
13
Nov
43%
109 Va Jun
109
NOV
Jan
119%
132
Deo
96% Nov
43%
Jan
July
21
Apr
Dec
30%
Jun'
Deo
108
Mar
13
Jan
Deo
Range (or Preview
•:!>>£
4
-
4% Mar '
29%
I per
Year 1945
Lowest
share
36
Jan
8
Highest
■/.;
I per share
I per share
9%
15%
Jan
36%
19% Aug
25
57
Nov
Deo
40%
Jan
r.
Deo
71%
Jan
Deo
115
Oct
106 Vz
Jan
21%
Jan
29%
Not
25
Jan
29 Ve
Nov
117
Aug
122
~
NOV
Deo
74
Sep /
Sep
113
56 Va July
107%
Apr
19%
44%
12% Aug
31% Mar
Apr
'
«.«.«*'
14%
>
■
Jan
'iemT-
'
34%
:•
124
Deo
111
44%
Jan
59%
Jan
11
11
Jan
35
Deo
35% Jan
15
25
Jan
37%
Nov
Sep
108%
41
Mar
Deo
July 16
73% Jan 11
130
110
Feb
7
105
136
May
3-
118% Aug
8
16
8y8 Mar
85 y8
8
20%
Dec
8
15%
Jan
15% Feb
106
Feb
26% May
30
Feb
202
210
Mar 29
126
11%
106
Jan /
Deo
Feb
Sep
Dec
Deo
23 %
NOV
25%
May 15
Deo
_
190
205 y4 July
Jan
48% Jan
15
39%
Dec
44 V4
Deo
14
Jan
30
6ya
Jan
12%
Dec
22% Feb
16
8%
Jan
15 y4
Deo
Mar
117%
49% Mar
69%
Jun
91
Jun
43%
Jun
Feb
27
99
96% Jun
14
141
May 28
34% Jan
18
68
Feb
21
Jan
198
92
Oct
Jun
198
Jun
12%
Jan
22
Deo
29% Aug 12
17%
Jan
27%
Deo
27% Feb
7
24 Ve
Jan
22% Sep
9
—
40
Oct
53
Oct
,32y4Oct
99
Oct
31
Sep
13%
32% Jan
47 V2 Feb
.;
20% Oct 10
Oct
9
Feb 27
Oct
9 7:
Oct
5%
10
Apr 30
7% Jan 20
27% Jan
10
29% Sep 20
102 y2 Sep 25
Deo
Deo
Deo
115% July 15
2
120
49
18
123
Aug
12
16% Feb
6
13
Apr
2
May 9
35 y4 Jan
5 ' , 80
x48
May 23
29% Sep 19
76% Jan 22
63% Oct 10
108 V\ Sep
9 /. 117% Jan 18
24% Sep 24!}/ 30% May 1
34
July 10
27'% Feb 25
122
May 16
117% July 29
19% Feb
5
12
Sep 10
47
Jan 17
20% Oct 10
102
Sep 13
93% Oct 11
71
Jan 28
33% Sep 20
112
Jun 10
X105
Oct 11
106% Aug 27
102
Aug 27
;v
Jun
10
32%
29
37% Aug
25
§ per share
■
175
Mar
6
Oct
30% Jan
-
Oct
9
"
75
Oct 11:'/
28y4Sep 18
105% Sep
3
8% Oct 10 /
#
Jan
160%
/
24% Jan 29
89% Feb 20
14
Oct 10
21 % Sep 19
Oct
149% Deo
82
25% Jun
Jan 12
Sep 24
Jan
Jan
121%
Jan
35% Aug 13
9
Sep 24
Oct
3
X60%
48% May 21
r
Deo
Nov
Jan
Jan
16% Jan ;
May 1
39% July 11
10
42
'
84%
48
16% Mar
110
10
NOV
46
Jan
24
Dee
89%
22
5
56% Apr 22
111
Apr 30
14 y4 Jan
9
Sep 10
3y2Scp 19
Feb
Jan
20% Apr
7
26
July
3,000
54%
11'/a Feb
22
15%
,13%
10
181% July 17
14% Sep 10
19
Oct 10
Poor
*43
.
10
10
5
Pond
13%
5
23
Jun~14
1,500
36%
24
13
31%
7,300
Jan
155
14
Apr
13% Oct 10
22
55
48
160% Jun
9
9% Oct 10
103
Oct 3
59'% Sep 24
77% Oct
3
12% Oct 9
1%
21%
40.,-
67% Jun
24
No par
100
5%
10O
!
5% % 1st ser conv pr pfd
100
Pittsburgh & West Va
100
Pitts Young & Ash pfd
100
Pittston Co
(The)
_1
Steel Co..
preferred class B
preferred class A
Pittsburgh
15
'
Sep
Sep
Oct
Sep
Oct
Oct
Oct
53
^
—25
No par
Inc
Pillsbury Mills
$4
preferred
22
12%
pfd
Philip Morris & Co. Ltd
4% preferred
3.60%
series preferred
20
40
1887.
3%%
£
19 %
53 V*
page
Corp
14%
41
see
Philco
23 V2
Mar 18
Range Slue® January!'
Highest
Lowest
No par
100
Jan
NOV
48
/ ;
Iron..—...1
Deo
13%
34%
47% Jun 17
10
100
...
Read
&
*118%
32 Va
16
Coal &
preference com
preferred
4.4%
Phila
22
-
,
.100
5
Plough Inc new
Plymouth Oil Co
54%
footnotes
100
No par
Jan
11 y*
107
23% NOV
^
com
Plate
12%
35%
$1
Co
Deo
Jan
18%
Jan
100
.100
Screw & Bolt
53
100
V
Electric
Pitts
40%
35%
Phila
Pitts
14%
*99%
Philadelphia Co 6%
$6 preferred
7,400
10%
7;
33 % c
& Co Inc
"7," 12,400
*105
•
100
—No par
1
25
preferred
50
No par
Brewing Co
7%
56%
35%
5
No par
Phelps-Dodge Corp
Deo
NOV
119
Jan
28%
110
20 Va
; 25
38
Par
36%
42%
35%
10
STOCK
Jan
11%
EXCHANGE
7%
13%
35%
No par
50**
preferred —.
Corp of America
34%
Jan
Oct
Deo
13%
100
Co——
24%
106%
<
23%
45 % Mar
7 - Oct
9
17% Sep 20
•
100
2nd
(Chas)
39% Feb
2
180 Vz May 7
35
Jun 17
111% May 29
100
Apr
5
112
86% Mar 19
No par 7 "
—
NEW YORK
Pitts
200
42%
36%
Corp
preferred
Milk
$5
19
54%
56%
Sand
7
Co
Petroleum
7,ioo
98
44
*41
Pet
Pitts
57%
44
Corp
351/4
;/•
62
*180
16%
56%
Jan
16% Aug
25% July 11
64y2Sep 12...
447% Oct 10/'.'
19% Sep 24
No par
1
10
prior preferred
5%
1,500
19%
*199
10%
106%
60%
,
65
*185
204
::
62%
1,000
'■
8%
,
*95%
183%
120
300
77.
104%
7%
62
21
*118
18
*199
10,500
*104
18
205
20
58%
*18
30%
10%
*100
200
'7
125
130
18
36
1,500
104%
19
20%
For
340
22,800
21
'
571/4
20
7%
63
14%
*20
*117
57%
10 7
8
11
77
203/4
123
18%
*185
205
553%
1*18
104%
/ 130
8
98
Corp
:
104%
130
/ 203/4
*116
57%
70%
120
'/'7%
21%
121
22%
100
9,100
...
94
35 ;
20 %
35%
300
30
*93%
16
*99 Vz
30
96%
22y4
36%
160
7,800
26%
29%
20%
44
26%
118%
16%
56%
:'i
12%
56%
5%
-•
Pfizer
430
V
.
110
110
J>
Marquette 'Ry Co
Pfeiffer
19,800
30%
7120
Pere
1,200
■
119%
58
Co
Airlines
preferred
& Light Co
Pennsylvania RR
Pennsylvania Salt Mfg Co
Peoples Drug Stores Inc
Peoples G L & Coke (Chic)
Peoria & Eastern Ry Co
Pepsi-Cola
; -
12
Oct 10
14 Ye Oct 10
No par
Power
5,900
131/4
12%
22'%
13%
13JA
•'
*29%
23%
Enterprises
'
25%
20
'
13%
*118%
125
.2.50
Co
Glass
26
Oct
9
Sep 20
35% Jan
26
Oct
No par
Shares
651/4
■
Co
Proof
Cement
the Week
thare
per
64y2
65
*22
14%
$
1
Mines
5 9o
Sales for
Friday
i per ,share
*16%
14%
1,200
$£ Oct. 11;
64%
111
•:
Penn
Penn
''
No par
& Coke
Coal
1
1
Co
C)
10
11
Oct 10
Sep 24
Sep 10
56
Sep
108V2 Jan
27 % Oct
100
new
Penick & Ford
(J
Feb
5 Va Oct
No par
Inc
Inc
&
Oct
37% Jan- 3
105
Oct 10
1
Transportation
Mines
4V*%
GO
,63
*13%
Deo
10
/ 13
100
stocks
.
15%
*15%
800
34%
25%
Parm,elee
PRICES
37%
•lot*
15
1,100
:
9%
9%
&
Parker Rust
100
•
5
No par
& Ref
Consolidated
Davis
Patino
107
*105%
591/8
*100
♦1*8
'
15%
16
•v
'*•
*77%
>
14%
"
15
.
/■
li>7«
63%
32
32
.
33%
■>.
Utah
2,700
104%
*198;!
.
1,000
31,800
78
"v-
9
'
105
*18
120
*61
31
107/
' 1,600
,
105 !
75
*100
18%
19
'
*101%
!■
76 -.i-,.:•:
1,200
ioo
is
59%
"
63
105
.
23%
XI05
v/-8%
8%
1*^/2
17%
107
*95%
36%,
8
lU/«
16%
■'
23%
16%
104%
104%
98
201
23%
323%
*185
201
8%
*14%
.
*105%
*123
8%
*185
*200
9%
15%
/
200
2y2
Corp
Inc__
Tilford
Penn-Dixie
>/ 42,100
•/
94
•:/
*101
19%
*18%
*185
*105%
&
Penn
10
/>;v
1U7
19
104%
a/30
'
39
57
#11 ,./
130
*8y2
30%
107
Park
Penney
14,600
50
104%
31
*123
*72
/:■■//* 93
93
; •
/
26%
*105%
22
*io4y8
*100
25%
*101
56%
21%
.7';-,
54%
30
123
.169 7
5'%
20
5%
14
No par
preferred
1,000
•
!/!
106
*120
Deo
Jan
36 Va Oct
Corp..—.10
Airways
Cos
conv
Penn-Central
v
32%
22%
39
.://
25%
;
Oil
Paramount/Pictures
4,400
115
21%
104%
57%
31
*30%
*111%
21%
101
*21%
125
.,
32%
115
*46
•
Paraffine
9,400
19%'
106
•
104%
*22
125
56%
105%
...
19 Va
.
31%
22%
.:
7
:
,
...
Corp
Car
Prod
7,500
•/"/
7% %
60%
♦Ill
27%
22%
36'
7%
18%
39%
Oct. 9
64%
23
96
23
48%
16
500
45%
21%
33%
65
22%
36%
45
23 y8
58
13
97%
45%
•
800
6,300
,2,900
'
69
/■ 32
120
34%
/ .' /••/*67
39%
13%; 13%
61
12%
97%
Nov
15
107%
19
19% Jan 22
100
-.100
1
Teleg
preferred
Park
25
17
•4%
Panhandle
Parke
.
Motor
American
4,300
> *45%
93%;// / 93
16%
//14
23%
22
48
t per share
13%
12%
97%
*101
thata
30%
>118
120
20%
Wednesday
112
26%
34 'A
•
33%
8ALE
'//..
12%
22%
*96 %
112
♦30%
♦111%
77
9%
HIGH
34%
/..65v
my8
112
'
31%
2iy8
100
*28%
9%
-y 18
115
;
•105%
Oct. 8
♦13
*13%
:
Tuesday
Oct. 7
• ver shone
Deo
57
13
10
25
Pan-Amer Petrol & Transp
6,100
67
/
-
19%
75%
107
/
LOW AND
„
100
30
*105%
,
: ::
44 y8
20
Pan
3%
25%
*15%
••
63%
Apr
Jan
50 7. Sep 27
25y4Oct 10
No par
-
Consol'd
Western
Oct. 10
Sep
Jan
29% July 1
22% Jun 14
36
Jun
3
xll9% Jan 14
177/8 Jan 18
120
Feb 11
5iyaMay22
10 y2 Oct
non-cum—..No par
&
35y4 Sep
112
1
15% Oct
No par
Panhandle East Pipe Line
39%
40
/
16%
•'«%
79
9%
/
40
50
67
/
21%/;!
7%
19%
40'
;
i
68
45%
105
29%
3%
14%;
%
'68%
Pacific
y-
NO-par
Telep
Tin
Packard
39
15%
*93%
107
3%
13
*100
9%
1,000
26%
105
29%
56%
15
*103
-*105%
*55%
12%
93%
Deo
12%
May 23
10
Electric
&
preferred
38%.
x36%
Gas
6%
4%
26%
39%
!
1,200
55,900
14%
*48
19
-:;•/•}
31%
12 y4
31%
•
30
26
25
_5
non-cum
preferred
Pacific
113
26%
50
18%
61
preferred
2nd
130
17,600
•
.
.30%
53
3%
/•'
40
61
*107
:
12
40
23
/:■ 53
3%
:f
61
41,300
5%
26%
-
//
38%
6%
19% May 15
27
71
:
7.;,;.;
Inc
Co
Lighting Corp
105%
30%
p
■
iV;7..,
Pacific
700
5%
113
27%
Co.—.—..12.50
Mills
3,200
105%
•
Glass
Coast
100
—No par
Pacific
14%
147/a
*39
'
*58
:
14%
12%
*111%
.
Sep
11
X113
27%
26 C;
158
22
87
2.50
,
Pacific
44%
26%
*48%
18%
38
14%
44-v
5%
*107
/
6%
12%
..'..21%
/
34%
Deo
112
26% Mar
46
3
1 3
19
.10
Mfg
Pacific
8,200
3,400
128,900
22%
*13%
,
105
5%
'
6 /
26
26%
23% /:
18%
f
113
3%
,
*21
r'J
•
&
Co
y:
1st
20
5%
14%
19%
115
11
55 y4 Jan
100'/a Sep 10
100
i
Marine
2,500
-
170
13%
„
Jan
Jan
;
104'A Sep 27
19% Feb 26
21
Sep 25
-No par
290
15%
68%
,
Deo
17%
!
Jan
Jan
56 Vz Jan
30% Sep
100
6
.
com
1,600
3iy4
15
7%/
Deo
15%
Jan V
9%
105 V*
10
108% Jun
20
No par
preferred
Pacific
110
9,100.
123
5%
-14%
105
*'• ••>
1
12%
20%
16%
^
;/
/ *168
14%
5%
170
58%
123
43%
61%
'■*107
113
25%
lfi%
13
42%
107
61
■
•-/
21%
6 /:
5%
14,
5%
,/;
26
17 y4
23%
:7*105
<%
■'
22
93% /
♦iey2
42%
5%
63
20
-
27%
5%
14 y8 /
44%,,/
■
40%
/
31 ys
19%
16
May 22
16% Feb
36
17
pfd
..
preferred
Pacific Amer Fisheries
50
39%
31%
14%
/ ':/. : *13%
21%
x
52
27%
31%
5%
6%
14
44'A
22 ay/
50
93%
17% y/
3,000
39%
58%
•
•
125%
170
,170
5%
20%
5%
:■/
.;•/ 25%
39%
*48
171%
107
.
/
30
124%
56%
•;
7%
31%
53 /
23%
35
111%
.
;/ / 45
19%
>
57
69%
v
58% ;
29%
46%
20%
26
38%
58 Va
28%
// 45%
/■ 23 Va
8
20%
11%
Elec 4%
(The)
Owens-Illinois
6,900
'
25%
31%
*68%
y
/
74%
52
52%
36%
5% /.
3%
15%
Nov
10
23% Oct
No par
preferred A—
Elevator
6%
17%
•"v:
15% /
27
56%
28
NOV
126 ya
Apr
1
10V2Oct 10
—
&
Corp
conv
Otis
:•
11
59%
30
V
12%
46%
■
258%
Aug
37%
39% Apr 20
45
100
—
Oppenheim Collins
7,100
72
39%
■-
20%
40%
i5y8
8%
Outlet
*48
*169
3%
12%
Omnibus
30
300
100
*86
.
38
6%
*107
•
50
31
40%
*27
3,400
32
90
90
59
15
5%
6i
Oct
Jan
118
1
117
102% Sep 24
2.50
__
Gas
Outboard
15%
126
14
*105
%;
50
*'26
/."//
21%
14
5%
50%
219
3
50
Co
Corp •
convertible
100
10%
5%
43%
63
12%:/
45%
.
///
15%
*68%
,
3%
4%%
23%
10%
*124%
6%
43%
i07
58 "
40
27 y4
12%
*i5y8
■•;/
•
31%/,
*55
;
Oliver
23%
*80
172
14%
113
31
55
26 Vz
.
5%
.31%
/,
.
6i y8
113
31%
,
42%
107
64
;
14
14
■
-
6%
360
*160 V*
'
11%
32%
20%
15
Jan
5
16% Oct
No par
Co
Co
25
*23%
126
5%
./
19
Aug 15
Jan
10
Inc
Rubber
preferred
Oil
Oklahoma
8,600
/
4.40%
Ohio
163
*160JA
16 y8
60%'
*170
5%
20%
y
6%
/
Edison
28%
163 /"!
10%
27
40
32
172
15
*29
72%
.
27
124%
5%
'
11%
118
*116%
26%/ /•• / 27%
26
100
101%
11%
32
/
21%
xlOl %
118
*30 y4
33%
in
21
:.
!;
;
11%
•y:: 16%
59%
./
32
,20%
21%
20%
102
n
71%
•
39%
,
//:•
125
*170%
172
14%:
27
40
124%
5% / 5%:
21%
,
60%
32
123
*170%
y
•
39%
/.
200
73
52
■
'21V4
*116%
87
72%
18%
54
i-r
21%
33
*109%
•
:/r:
*11%
.
22
..19
26
87
,
25,100
27%
*24
^
22%
101%
*160% 163
87
22%
*21
30
27
26
22%
1 y
116%
*28%
163
/
21%
102
116%
/
30
33%
110%
.
v/
20%
!
11%
28%
*160lA
/>
/!/
26
>*80
75%'
•
163
'
11%
117
:
,'31%
28
102
11%
*116%
/
20%
.
102'A,,-:
*11%
22%
22 />/
*21
V:
32%
*109 y4
110%
21%
'
22
102
/
11%
33%'!/
32%
4 ♦ 109 Vz
22%
20%
'
102
"
-
110%
22% :
*21
Jan
129
0
33
*109%
22
Airlines
Deo
2'% Mar
i;.\
V-
33
v:
.
22%
*21
20% '
32%
109% '
Northwest
110
14% Aug
""
ft >!/>•••'ii-.
32%
5,300
Oct
Sep
102%
18
53
11
No par
ny4
Nov
Nov
410
(Minn)
pfd $3.60 series
46%
29
-65
Mar
288 Vz Apr
24
10% Sep
111
100
ny4
*47
23% Sep
1
Jan
Mar
28% Feb
11
50
17
41
162
19
113'A Mar 18
20
Jan
——10
Ry Co
Northern
*103
Co
225 % Sep
121
Feb
# per share
t per share
share
.41% May 28
76
May 3
325
28
100
Aviation.—
Northern Central
21,900
Jun
10O
pfd
20
275
50
Norfolk & Western Ry__—
,' Adjust 4%
non-cum
.
11%
17%
Co
,
114%
•
?
4
70
3,300
33
f per
9
& Harlem RR
227
11%
53 % Oct
Y
116
11%
'
21 % Oct
No par
N
*125
126%
No par
preferred
non-cum
10
:
12%
*32
229
$5
I per share
Highest
Lowest
Highest
Lowest
/
Par
Year 1945
Range Sine# January 1
-'•/
'
/•.'•/ '•
York Dock
New
200
/
109
v
12%;
EXCHANGE
•;
900
59
300
,
NEW YORK STOCK
1;y v.
*114%
11%/'
16%
187/a
'/:■
32 V"
32
227%
116
*114%
13
Range (or Previous
STOCKS
/
•
Shares
24%
*55
*275
/.
109%/ >;.•/ *107
*125
26%
11%
116
■
//
229
125
1/
27 y4
11%
*114%
33
31%
226
126 y4
26%
11%
*114%
;-v
229
*125
26%
11%
116
/
13
*22
/
55
295
108%
108%
34
227
125
18 y4
55
295
:v
-
the Week
tper share
23
22
55
300
13%
34
231
11%
•
'
13%
35
26%
*51
*250
59
Sales tot
Oct. 11
tper share
23%
21%
109%
13%
*33%
*114%
1 per share
;.
*50
300
*260
/
Frldav
1
Feb
16
63% Feb
18
30
71% Apr 27
67
May 14
33 y.
12% Jan
16%
55
Deo
26%
Jan
Mar
Deo
25%
;
-
Deo
66%
Nov
105% May 22
41
July
1
-
—
—
—
the commercial & financial chronicle
1885
NEW YORK STOCK RECORD
8TOCKS
LOW AND HIGH BALK PBICE8
Bange for Previous
'
Saturday
Monday
Oct. 7
Wednesday
Tuesday
Oct. 5
Oct. 8
t per
3 9 Va
110%
112
Sales for
Oct. 11
the Week
18 Va
19%
112
105%
105
105 %
104%
105%
112
111
111%
110y4
111
118
116%
117%
127
125 %
114
116%
116%
116%
117
*126%
127%
125%
125%
126%
127
126
*112%
114
115%
*112%
49%
*114
49%
50
50
'22%
*107
50
22%
22
*107
(
32
22
.31%
*31%
22
22%
22%
preferred
7 %
preferred
126
125 %
126%
380
8%
preferred
114
*112%
50
50%
52%
20
21%*:
21%
22%
9%
10 Va
107%
•108 y,
107%
*
.
'.
23,500
Vv
31
*31%
31%
1,600
22%
•21%
22%
400
9%
9%
82%
82%
15%
16
vf; 82%
/'•V,:16
30
22
5%
300
.
*21%
Oil
Purity
Jan
Jan
117% Feb
15
26
Oct
2
107
No par
30
...10
Corp
38% Feb
47%
May
4
23%
Deo
Not
j
,
118
!
Jan
106
138
1148% Not
Jan
17
Deo
126
f
112% Oct
.
25% Aug 13
19% Feb 20
115%
Jan
Jan
121% Jan
28% May 28.
115 % Jun 13
Sep 20
27% Not
Feb
106%
17
I per share
J an
110
15
69% Jan
19% Feb
—100
Ref
102%
2
112% July 25
47% Sep 10
—No par
Corp
Oil
17
139% May 10;
No par
$5
preferred
State
10
126
9
150
No par
Bakeries
Quaker
10
119% Jun 20
(The)
conv
115% Jan
Sep 25
Highest
I per share
10
-—100
Pub Ser El & Gas pfd
Inc
Pure
Sep
108
114% Aug
Lowest
307/eJun
10
103
100
100
:
Pullman
9,500
110
I per share
17% Oct
No par
6%
840
31%
'
preferred
$5
940
110
31
31%
;
♦107%
970
117%
114
Highest
i per share
of N J com—No par
48%
22%
f
,
105%
Corp
116%
20 % > 21%
110
Pub Serv
26,300
Year 1940
Lowest
Par
*112%
49
-
105 %
Bange Since January 1
STOCK
YORK
EXCHANGE
Shares
19
Xl09%
NEW
110
49%
50%
22
31%
31%
♦112%
113%
21%
110
*107
110
18 Va
18%
111
:
117
22
17%
19
117
11C %
1 per share
1 per share
105
104% 105%
104%
,111
18%
Frldav
Oct. 10
1 per share
$ per share
19 %
18%
19%
'104%
"
I per share
share
Thursday
Oct. 9
*
Jan
65%
Oct
24%
r
Deo
112% Not
,
Jan
3a
Not
18% Jan
•2% DUO
10% Jan
19%
%
r
'
83 V*
82 Va
84%
82%
,16%
16%
iey8
15%
16%
105
35
35
35
35%
18%
18 Vav« Wi
17%
18'/a
33%
,
'-A
33%
:
33
33%
33%
33%
18%
18%
18%
19
44%
44%
44%
44%"
19%
18%
*44%
>
48
'V
37%
*36%
37 Va
*17
19 %
105
*103
16%
15%
•80
85
*81
84
84
*29%
30%
*29%
30%
30%
15%
15%
15%
157/a
15%
87
84
15%
1
*86%
89
: 85
/
38%
16
22%
13%
12%
13%
15
27%
15
15%
14%
15%
*83
85%
36;;
37%
100%
*82
100%
8%
26%
15
19 V*
15%
17%
9,800
84
36%
...
•100
21
13%
12
13%
11%
12%
12%
14
24%
27
26%
27%
25%
26%
*109%
109%
108%
108%
19%
18%
20 %
18%
101
•99
•99
26%
26 Va
112%
112%
7'A
13%
27%
19'/a
26%
*111 Va
26%
8%
14%
7%
14
26
112
V
-
101
111%
100
1001/4
115
♦1091/2
112 J/4
111
13%
13 y8
38
38
14 y8
14'/a
14%
38
37%
38%
*47%
48
48
48
*47%
48%
103
103
,103%
103%
48
*47%
103%
22%
103%
103%
103%
22%
22%
22%
14%
14%
'14%
27%
27%
14
18%
18%
18%
*45 y*
46 %
45%
45%
•23
23%
23%
23%
46
6,000
111
5%%
280
143/a
1,300
39%
14,200
48%
48%
48%
50
104
500
Reynolds
Reynolds
'
(R
20
20%
22%
4,600
Rheem
12%
14
133/4
14%
7,100
Richfield
27
26
26
6%
700
6%
6%
18%
19
19%
11,300
5,300
431/4
44%
43%
45%
2,500
Oct. 5
e per
V
*
21%
23
21%
22
23%
24%
4,300
Ruppert,
Co
Thursday
i per share
$ per share
t par share
52 //
52%
50%
23%
(Spar share
share
Wednesday
.«
Oct. 9
24%
23
Friday
Mines
—-l
Jacob
.
'*
'
'
"•
STOCK
Oct 10
Oct 10
9
19
25
11
11
10
11
Feb
18
20
Feb
Feb
Apr
May
Jan
Jan
Jan
Feb
> •
Jun
507/a July
108% Feb
' 38
20%
44
13%
30%
1 65
/ 34%
9
Jun
29% Mar
Mar
Deo
36% Jan
46%
11%
28% Deo
Jan
Deo
102% pet
137
Jun
69% Jul y
1*J
Deo
"
17
Jan
31%
36%
22% Jan
%
99%
Deo
Deo
102% Aug
Jan
15% Jan
29
Deo
18%
7% Aug
Deo
16
19%
Jan
20
28
3
102%
Jan
11%
Jan
87%
Jan
110
Not
15
15%
Jan
37
Dec
16
33%
Deo
115
Not
24%
Oct
98
Jan
117%
Deo
16
14%
Jan
23%
Deo
6
31
31%
Jan
40
37ya Mar
99% Sep
25
10
Oct
46% Not
106
Deo
26%
Deo
10%
Jan
18%
Not
16%
Jan
31
Dec
12%
Deo
16% Mar
May 28
Apr 29
Feb
5
Jun
3 i
May 29
6% Aug
19% Apr
29% Not
33
Mar
48
Oct
21
:
9
Sep
34
Deo
>
?
Bange for Previous
Year 1945
Lowest
Lowest
Highest
I per share
Par
Jun
80%
Deo
43% Dee
21
Jan
f?
i
EXCHANGE
Shares
38%
43
8
Feb 25
,
10
9
10
10
10
10
Not
Apr
Bange Sinee January 1
5
.
STOCKS
the Week
$ per share
No par
No par
NEW YORK
Sales for
Oct. 11
Oct. 10 5
,
—No par
(The)
*
Tuesday
Oct. 8
;
1
Corp
Oct 10
Oct
Sep
Sep
24% Sep
105 y4 Sep
13
Oct
'36% Sep
43
100
Royal Typewriter
LOW AND HIGH SALE PRICES
Monday
Oct. 7
Saturday
series
Co
Oil
Ruberoid
6%
3.60%
Mfg
17%
'
10
Company
Roan Antelope Copper
18
6%
1
10
Ritter
45%
:
100
class; B
247/o
< 177/a
21%
407/a
118
31%
110%
45%
136
28 V*
467/8
25
34% Jan
19% Jan
347/a July 19
101% Sep
20
Feb
12% Oct
y 25
Oct
6'/a Oct
17% Oct
40% Sep
21% Oct
No par
_
Tob
J)
Preferred
*25%
21
;
Common
17%
i*
Spring
9
18
97
No par
100
Coper
Reynolds Metals Co
5 % % conv preferred
38%
*
prior pfd ser A
& Brass
preferred
conv
44%
-it
23%
23%
6%
Revere
9
Oct 10
111
Mar
7
Oct
11%
50c
v: 7 y4
10
1 135/a
No par
247/8
100 / -108%
!
;
16 % Oct
July
Aug
16
125% Jan 17
45% Apr 22
27% May 11
101
May 18
50 y4 Jun
3
105ya Apr
3
1
Corp
Republic Steel Corp—
300
17,400
10
20
1
preferred
conv
13%
/ 6%
18%
18%
& 46
31,700
,'170
*103
25
Pictures
$1
133/4 Oct
18% DUO
33
9
1003/4 Oct
1
—
warrants
6
80% Oct
7% Mar
103
31 ■ Apr 17
112% Feb
4
76% Sep 20
27% Jan
7
14% Sep 20
84
Oct .8
32y4Marl3
100
Inc
Republic
1,500
V
100
No par
series
with
Motors,
271/4
/
25
6%
6%
18%
13
Reo
17,200
27
*14
104
3%%
pfd
Sep
99
Apr
39
Deo
78% Jan
;
33% Feb
4
53% Jun 20
46% Jan
9
i\£. 16% Oct 10
50c
_
Corp
Aviation
100
109
13%
104
"•
16% Sep 19
Manufacturing Co—No par
Preferred
■
39
v
♦47%
20%
20
141/4
28
*26%
7
6%
22%
21%
4
14%
28%
♦27
7
•><
•
i?
10
11
19
Oct
7
50
1st pfd
& Co
Republic
19%
26 /*
111
13
37'/a
14%
37%
19
Jan 23
96y8Marl9
28ya Apr 24
112% Feb 11
49% Feb
6
33
May 14
10
Sep 10
36% Oct
9
Stores
14,200
27%
100
253/4
Inc_.
Bros
Remington-Rand
,3,500
109
108%
101
24%
33
10
24
40
100
(Robt)
Conv
100
fv
14
26%
*106 % 108%
25%
Oct
Sep
Oct
Oct
Sep
Sep
5
8%
•'
19
37%
;
V
14
19%
25
: v
50
Hosiery
123/s
7%
*
■
18
15
•14%
7%
19
•100
27
.
25
_50
Reliance
5,300
21%
3
,1
Reliable
90
100%
20%
14%
—1
pre%rred
/Reis
5,500
37
100%
20%
8%
14%
-No par
—
1st preferred
2nd preferred
non-cum
Silk
Reeves
400
84
34% >36
•:
10
200
16%
-
••
85
21%
109%
•109
101
•*99
8 *5
8%
15
26%
109%
19 V*
V 8Vs
27 >/■
•108%
.
'
;
8%
15 %
pfd—_100
-
non-cum
4%
Real
600
■
30
.
*28
4%
300
f;(,
105
20
'
15%
103%
333/4
17%
1
Reading Company
200
-<
17%
14%
*80
S
,
84
*100
2,800
V%'v2,600
38
t 16%
*102
81
27%
\
18
No par
Manhattan
Raybestos
9
77
—No par
1st preferred
conv
Rayonier Inc
$2 preferred
'
♦14%
7
13%
78
1,100
.7,100
44
38
,
■
15%
34%
17%
17
82
Ji
*42%
$3.50
"
■; f05
♦102
105
(•;
19
of Amer
Corp
Radio-Keith-Orpheum
Ralston Purina Co 33/4%
120
34%
■
22%
12%
37
38
16%
30
/;■
101
21%
/?;.13'Yv
♦33
1,600
54,406
.
105
34
17%
44%
36%
147/e
38%
21%
V, *102%
34%
17%
28%
;
15%
*100Va
22%
33%
*42%
8i%
if-
84 ;/•;•.
22%
18%-
17%
•
•103
30%
.
34
17%
18%
36%
*16
/
89
••
37%
101
•lOOVs
101
100
$
37%
38%
*37%
♦
;
34%
45
•43
/
103 Va
•
■
:
i
,
Radio
69,300
:
167/a
34%
34
17%
105
•103
103
103
17%
33%
V
37
'•'18%
17%
>.
82%
103%
34%/
;
10
.V/17%
C\
34%
18%
•36%
19%
*36%
v:*18
:
105
105
105
"*103
105
v 17 y4
105
•35
'
v16%
36%
•103
9
9%
9y4
83
82
16%
*>•18
/
83%
82
16%
*
10%/;
10
10%
10
I per share
Highest
I per share
t p*~ share
s
50
51
51
25 Va
22%
25%
112%
112 Va
112%
*112%
112%
107/a
10%
10%
10 Va
10%
10%
10%
/•7%:
8
48
47
7,900
43%
"
14%
3,300
24%
4,100
8%
*7%
8%
200
37
311
A
45,100
12%
13%
7,200
14%
2,300
Seiberling
13%
12,000
37
12%
13
13%
13
13
y/y.13%
13 Va
14
:
//
12%
110%
♦107
*108
110%
20 Va
20 y4
19%
19%
17%
19
25 %
25%
25%
26%
25%
26%
: 24
25%
23%
25%
27 V*
28V4
27% .28%
27%
28%
27
27%
26%
27%
80
80
84
*75%
•
19%
19
Vs *75%
9%
6 Va
6V4
36%
6% f
377/a
38
*46%
,
48
15%
'
,
16
•
377/a
15
61%
23%
*46
14%
*22%
23%
23V»
41
/
48%
%
"
*72
31%
/ 29 Va
30%
28
9%
.«6%
9 Va
9%
8%
5%
6%
5%
„
9%
36%
34%
43%
15%
15 Va
15%
15
58%
60
56 '/•;
57%
14%
15
14%
14%
*22 Va
23%
.'
♦22%
43
38
367/a
37
101%
101%
*100
33%
33 V4
14
14%
j 5
5 Va
14%
5 V*
XZ:
4
42%
43
36%
38
.
*32%
;
*45
:•;! 45%
46%
49%
f:
'/■//'
49%
*171
175
■".< 31%
32%
25%
25 Va
42%/;
41%
43 Va
.•39%
38
36%
38%
33%
*70
72
*76
80
*70
75
*75
80
*20%
21%
6 Va
63/8
6%
14Va
♦13%
37
36
*100
33
32
68
*13%
/.
70
77
77
20%
20%
14%
13%
38%
22'.
22%
38%
22%
22%
17%
18
17%
17%
89
88
'•/.
89
89
/;■
■
16%
*41 Va
43%
43%
HI
110%
*109%
14
4%
45%
43
49
%, • /•'f 49
*171
15 Va
44%
44%
43
25
23%
25%
41%
38%
33 Va
35%
.
*71
65
77
64%
*70
.:.
20
' '
43
12
13
101
6
11%
*98
38%
*36%
13
21%
20%
17%
16
17%
87%
88%
87%
87%
15 Ye
43
111
,•
16%
15%
''
44
7,100
137/a
/ r 800
101
-yyyy;
111%
24 Va
80
81
80
77
72
77
70
75
75%
89%
88%
88%
87
88
79%
86
78
84
84
53%
53%
54
53%
54%
50%
53
50%
52%
52%
54 Va
40%
39
40
39
40%
65
67
22%
23%
40%
41V*
39%
67%
66%
67%
67 Va
67%
65%
66%
23%
23%
23 %
23%
23%
24%
23%
24
106
-
105%
105%
12%
12%
12%
12%
11%
12%
11
♦41%
42%
*41%
42%
41%
417/a
40
page
1887.
106
*105%
106
36%
*111
24%
y
37%
5%
non-cum
Mobile
preferred
stk
Ohio
&
•
12
'40%
No par
No par
—100
tr ctfs
100
1
Spear & Co
preferred
No par
Sperry Corp
D
Squibb
(E R)
3,200
400
25 %
40,000
3,000
6,300
17,100
$4.50
preferred
$4.50
5
&
Sons
common
Brands, Inc._-
preferred
$6
*42%
Not
28
Oct
115% Mar
14%
,
Deo
Feb
61% Nov
29
Nov
31
65%
Oct
71%
Dec
22% Aug
30%
Nov
14%
Dec
40
Not
7
35%
8
Apr
Feb
May
May
prior
Oil
of
of Indiana
14,600
Standard
Oil
29,400
Standard
Oil
of
4,200
Standard
Oil
of Ohio
106
200
12%
41%
14,800
.
May
43% Jun
17V* July
14% Feb
56y8 Jun
Mar
Oct
17% Mar
107%
7%
24%
Oct
Sep
16%
Dec
Jan
114
Oct
Jun
18
16
11
18
29
16
3
1
6
21%
Deo
28
Dec
12% Mar
25%
Nov
74
79 %
May
13% Jan
"69
July
24
Aug
Nov
22% Nov
70%
Nov
36%
Deo
"~6%
Mar
12%
Deo
32%
Jan
46%
Dec
61
30%
Feb
44%
Nov
21 y8
Dec
85% Jun
14% Aug
41% Jan
3
May 31
20% Jan 11
7
27% Feb 16
;
15
65 Va
Dec
Aug
22%
Dec
:
24ViApr 17
22%
Jun
24%
Jun
91
48%
Jan
96
Deo
600
3%%
New
4%
Jersey
preferred series A
Steel Spring
Standard
conv
preferred
3
100
1
50
60% Feb
59% Feb
5
1
8
Oct
18%
Dec
7%
Dec
40 Va
Apr
Jan
17
.
36%
Apr
155
26%
193
May
39Ya July 3
33% May 27
Jun 27
Jun 17
90% Jun 18
40%
4% Aug
20% Aug
60%
Dec
Dec
180
Nov
37
Nov
24%
Dec
38%
Jan
62
Nov
32%
Jan
60%
Dec
Jan
64%
Jan
87%
Dec
15
80%
Dec
11%
Jan
Jan
93
17
Sep
3
30% Apr 23
5% Oct 10
137/a Jan 29
11% Oct 10
27
May 13
92
Sep
4
104
July 16
37
Sep
9 /,
51
May 24
20 % Oct
9
40% Jan 30
16
Oct 10 v 39% Apr 10
84% Sep 17
109 % Apr 10
15V8 Sep 10
24% Apr 25
33% Feb 21
55
May 10
21%
73
Oct 11
9
25
29% July
13% Jan
8% May 11
65
Oct
25
10
15
27
11
15
3
70
36
109%
20%
70
78
42%
No par
No par
Jan
55 V* May
108
July
48
May
18% Jun
Sep 23
64% Oct 10
33
No par
No par
Calif
407/a
12%
87
38% Oct 10
2
1N0 par
preferred
preferred
prior
$7
Standard
/
107% Oct
Standard G & E Co $4 pref—No par
67%
X40%
1
10
No par
'.
24 3/4
*105%
No par
Co
$4 preferred
Standard
:1
2
Square
113Ya
No par
(The)
24
40
9
22V2 Jan
Co—,—7.50
Co_
66
,
10
10
26
20
10
Sep
'30
25
Spalding (A G) & Bros Inc
1
Sparks Withington
—No par
Conv
500
87
53
37%
10
28
30% Mar 2
48V2 Sep 24
171
Oct
5
5
100
Edison
Southern Natural Gas
1,000
-
78
89 %
66%
California
9,500
17
42
20
No par
1
preferred
8%
Southern
310
111
20%
41 Va
Rico Sugar_—
88
110%
40%
Porto
Spencer Kellogg & Sons
24%
36
4% Sep
42
36
10
100
Spiegel Inc
112%
39
1
200
11,100
16%
Sep 23
15
30,100
42
21
Inc
Co
22
*109%
19 t
Platinum
88
42
>
Typewriter-No par
Oil
&
17%
21%
36
Gold
Am
$5.50
♦UOYa
see
Corona
Vacuum
Co
—/
Railway
63/a
39%
footnotes
&
Carpet
Sons
17 v4
111
Sep
Oct
Sep
101% Sep
29 V2 Sep
13% Oct
—
21%
v;
16%
41
111
111/
No par
preferred
Pacific
40
25%
For
&
cum
Southern
6%
37
14
20
Iron
Corp
Southern
1,800
;;;
112%
106
Smith
O)
19,300
1,600
75
37
&
—
27,000
/
23%
79
Steel
Southeastern Greyhound Lines
19%
*98
.//•y
.
South
30
4,200
67%
,
*12%
101
20%
V
Corp
1,500
2,400
37
73
y;.
16%
443/4
,
Aug 14
July 11
Jun 28
Jan 16
Feb
8
Apr 18
Feb
8
Apr
9
May 11
July 11
y 26% Apr
20
26
24
10
10
8
—15.;/;:; 27%
1
8Va
5
5%
-No par
34%
No par
38%
No par
15
—15
54
2,600
42 Va
66
22%4
16%
3%#>
South
19%
88
111
Steel
&
$1.20' preferred
Socony
:.y."y/-
25%
35%
-
18%
44%
Oil
10,300
yyy
41
Mines
—
Sinclair
56,200
v
51
>V.V. 25%
/•'
73
17%
16
66
110% July
8% Mar
17
32%
40%
39%
91%
•
Sep
Feb
Sep
Oct
Oct
Jan
Oct
Jan
'
31%
20
5%
6
*367/a
/
>;-y/ 900
yy
■//:
175
31%
65
18%
5
so
403/4
35%
38%
21%
110
Jan
19% July
Mar 30
Jan 28
V
10
175
"/V.
24%
*95
13%
37
Co
Saw
Sloss-Sheffield
y',
-
14 Va
:
4Y4 y
America
Skelly Oil Co
600
32
137/a
Y'.,y,
31 Va
6
101
Simmons
Simonds
(A)
39%
♦105%
No par
——_
of
Corp
Smith
♦110%
106
No par
Co
King Coalition
2,100
40%
43
—
Pen
Oil
Union
Silver
38
25%
127/a
Gas
A)
1,700
101%
112%
127/a
64
(A
24%
•105%
17% Sep 19
No par
(W
Smith
*1107/a
*41%
No par
Sheaffer
3,000
25%
79
17% Oct 10
45%
36%
*101
45
31%
1 19%
6%
37
37
8
May 29
24% Jan
23ViOct 10
23
Jan
4
77
Jan
2
2,200
'.
c;1 *22%, y23 v4
49 Ya
175
22
Ill
40
1
&
...
Sheraton
38,800
60
15
Va
4Ya
31%
65
v,
15%
112%
40%
May
113% May
Sep 24
No par
Shell
300
25
40%
♦110%
10
108
10
19
2
9
10
Corp
Dohme a—,
$3.50 conV pref ser A-.
Shattuck (Frank G)
,
Oil
&
7,300
11,000
4,600
:32
32
13%
88
'•-
16%
16
*16
,
*98
*37 V'
*37%
•
6 Va
>:
101
*98
101
*97
63/a
1
No-par
Steel
Sharpe
6,400'
,
45
60
36%
32
.9%
-37
xl5Ve
■>::V
10
63/s
36 Ya
•••
.
20% ::
20%
■:/
1,600
.
30%
,
rf
45
101%'
31%
'
25%
';: r
44 Va
47/a
175
49%
*171
36%
>
1
common
'
4%
42
,
•/:;
42
.
14%
14
/V
•
25
25%
.'*25%
5 /;/
31%
32%
32%
43
36%
.
•
175
*171
171
23%
"
4%
49%
49%
49%
49%
171
,
*100 z. 102%
f 102%
/
;
34 &
34
•
14 >-■■■
14%.
<
45%
45%
46%
*45 V*
5
Co:
preferred
Sharon
300
19%
6
15%
47%
*36%
33
,No par
Corp
9
7
24
24
12% Oct
5
Co
&
Rubber
Inc
100
No par
^
Roebuck
Shamrock
12,800
75
; 9
43%
23%
367/a
5»/a
'
86
•.30
>
,
46%
15%
*02 %
14 Va
5,400
'
62
36 %
9
34%
46%
:
29
46%
15 Va
...
*101 Va
33
9,600
29
*19%
39
*22%
•47%
25 Ya
*72
6
36%
61
f
20%
♦80
75
48
/if 37
62
l47/a
19%
28%
v/19
73%
6%
16
/
15
Sears
A
Del
of
Seagrave Corp
$4.50
24%
-
86
18%
*72
*46%
15%
15%
63%
*62
*75%
183/4
19%
73Va
31
,
*46% .48
;
series
Co
10
Oct
Oct
Sep
Sep
Oct
Sep
Jan
Oct
Oct
101V2
17%
42 /
24
7
36
I2V2
13 V2
No par
,■
11
19
■
32%
9%
K-'Ji
97 a
.
18%
19%
73%
'///•
31%
:
9%
*6 Va
17%
80
*75%
19
73
*72
32%
*32
80
18%
i
75
*72
21
19%
Oil
ctfs
64
34%
116
18
100
:; 61
110%
37%
77%
•
39 V2
17 V*
49%
23%
22%
4
10
K.
•
20%
-
Line
preferred
Seaboard
Servel
110%
*108
Air
45
Sep
22 Va Oct
110% Sep
lOVa Sep
58 V* Oct
42
No par
No par
Seeger-Sunbeam
143/a
36%
14%
5%
1.75 >
Corp
pfd
48
13%
j.
Distillers
Co
cum
Seaboard
18,600
5
Paper
$3.40
24%
38%
L. V
Scott
24%
12%
14%
Schenley
Corp
45
14
110
Arms
43%
36%
,
Savage
24
19%
5
_100
25%
18%
—10
;
46%
*7%
14
Stores
preferred
18%
7%
•107
100
5%
—...
17%
7%
13%
1,300
103
8ya
39
47,600
•
43%
*101
24%
13%
110
62 Ya
61%
42%
102%
St Joseph Lead
Safeway
103/4
45
14%
y 7,900
10%
25%
38 V4
*107
25
100
50
13%
3,900
112%
19%
147/a
14%
14%
24%
*7%
8
53%
; 112%
;
61%
42%
102
•V
25%
•
''
110
102%
1
18/
13 V*
14%
58%
43%
*101
\
,
14%
137/a
14%
14%
21
38%
38 V*
38%
13%
•107
v/
63%
42
19%
25%
25 Va
38%
-
>■
24%
58'/a
<;
102%
20%
k ■' 47
8%
65
44
♦101
102
19%
26
62%
45%
45
101%
48
-v:
•25%
7
63%
€i%
'
19%
19%
48
:
102
52%
52%
112%
45%
45%
50%
10%
r
64 Va
63%
/
112 %
10%
102
51
24%
113 V*
10%
;
112%
25%
•112%
50%
25%
Aug 30
Oct 10
Oct 10
Oct
Feb
37
Feb
62
Sep
20% Mar
Xl05% Sep
11
Oct
40
Oct
10
26
26
20
6
26
10
10
96
Feb
Mar
9
55
May
115% Mar
60% May
135 % Apr
149% Apr
13
21
28
5
6
116
?9%Augl3
£9;% May 31
78 A May 13
30
July 11
108% Jan 17
25
Feb 16
56
Jun 4
Dec
12% Dec
6% Mar
7Ya
Feb
Mar
27%
Jan
12% Mar
76% Jan
39
Dec
107% July
28
111%
Jan
Dec
20
Jan
80
32
v
95
Sep
44% Nov
•<
Dec
23%
Dec
39
99% Nov
40%
Dec
Deo
116
49%
Dec
115% Aug
2%
Jan
Jan
67 y*
Jan
121
78%
Jan
134%
Dec
38%
Jan
Jan
49%
Dec
Dec
33%
Jan
19% Aug
56
105%
Deo
9%
Jan
33%
v
44%
Nov
Dec
68% Nov
27
Oct
108
Nov
20%
Dec
•
Monday; October 14, 1946
& FINANCIAL CHRONICLE
THE COMMERCIAL
1886
RECORD
NEW YORK STOCK
'/
•'
STOCKS
LOW AND HIGH BALE PRICES
Wednesday
Tuesday
•
-
Monday
Saturday
Oct. 7
Oct. 5
A
A
A the Week
Oct. 11
'
$ per
417a
417a
4074
4074
40
40
17
43
1774
17
177a'
167s
177a
187a
-
18 7a
*1574
■
153/B
287a
14
14% ".15%
283/4
•A
217ac
29
217s
16 7a
-A' 7 157/B
157/B
15%
157/B
2174
20 7a
207B
'2074
217a
2174
143/B
137B
*105 72
47
104
AAA
107
'
8,000
Stewart-Warner
29 74
/
8,900
21%
■A
500
157a
157B .15%
2074
217a
13%
37,: Sep
V
Camp
34
63
102'A Oct
10
Highest
.;
t per share
Aug
47
Dec
A 34% July
.10174 Sep
A 45
Oct
Nov
263A Aug 26
3
.
J per share
14
May 10
109% Aug 15
/A 13% Oct 10
26% May 31-
24% Jan
7
21
8
3974 May 13
23
Feb 13
20
■
J per share A
53% Jun
.
9
___1
Inc
A
16 Va Oct
.
100
5
12
A 41 % Jan
1
—5
Corp
prior, preferred
•Stone
,6,600
51
"122
77a
Webster
&
Studebaker Corp
,
Jan
(The)
233A Apr
/147a Oct 10
18 % Oct 10
A,.--,No par
1
.
•
122 s.A
A
50
49
48
127a
12%
12
1274
10%
117a':
10%
11%
10%
11%
123/B
207a
207a
20
207a
19
20
17%
19%
197a
109 %
1097a
108 7a
1087a
106
43 7a
42%
41%
41%.
41% A .A;,
16
1774
39
40
39
407a
16'7a A-/A-':16AA
42%
*40 7a
106
39
*41
16
*32 Va
32%
:•■"
*2774
/-16
<44
■r;
28
3274
AA 3274
32%
273/a
28
267s
26%
*1037a
25%
IO43/b
87a
s
; ,"s
26%
16
10 3A
Jan
18%
Jan
17
107/a
Jan
1
18%
106
Jan
Jan
38% July
;
Dec
25%
287*
"
Dec
' Oct
22
24>;Nov
:
33% Dec
87«
13%
13%
8%
A
;:..7%
Superior Oil of Calif--____
Superior
900
(The)
Steel
1,000
Sutherland
16%
T,600
Sweets
109
Aug
124 y2 Aug
119%
14
13
10
10
10
-24
Oct
10
No par
102
^_25
Corp
Paper
of Am
Apr
(The) new_$4.16% *
L_wA-f i
25
160
Dec
33
Jan
137
Dec
Dec
40
Dec
22
25
21
13% Sep 11
31 : Sep 23
n
Aug
307e
»
Jan
31
55
Aug 21
55% Apr 18"
5
Dec
Aug
Mar
79
May 24
Apr
A 247a Dec
'Aug 22;'
41% Feb
5
33
34%
7,500
:Swift
2874
28
28%
4,600
Swift
24
257B
8,300
Sylvania Elec Prod's Inc.—No par '23% Sep 19
$4 preferred—u—^par
10174 Sep 26
109% Aug 20
10
167a Jan 28
25
AAA A
87B
*12%
13%
7%
7%
•
8
-
220
104%
'104%
1037a
7%
;
International
Ltd
:
263/4 Sep
i__
36% Jan
4
7% Oct
Symington Gould Corp
7,400
sy«
Cos.—
97a
2~5%
10
18
353A May 29
,,
Jan 21
38
10
10
Mar
36
__100
Co
1277a Mar
A 56% Aug 12
107s Oct
173/4 Oct
73% Nov
574 Aug
May 28
Oct
42 V4 Sep
Dec
109
n
Oct
'
Co
18% Dec
Dec
57
33 7B
-v
103 7a
87a.
12%
:
'
104
7%
87b
Superheater Co
2,100
39 7a
110
May 17
78% Jun 10
/
__i
Minings Cp__^____'.___10c :
407a
A
12.50
Inc
16% Nov
A24% May 28
10
1037a Sep 17
61% Sep 26
117
Apr 18
'
cum)__—100
Corp
Biscuits
-Sunshine
167a'
/
16%
23%
257a
24%♦103 7a
104%
104%
/ ■A
27
Oil
Sunshine
(4%%
6,500
112
12% Oct
,___l
preferred„L„No par
No par
pfd
39
A"
39 7a
32%
2774
2774
A
A
38
39
37%
32% A/
-•
28
-
'
8
■/A;/ 16\
'A; 32%
32%
277a
AAA 874
267b
1047B
.
1097a
108
102
104
107
42 72
42
A
Co___,
Sunray
3,800
-16,300
,
207,
203/b
A
Oil
Class
41,800
874
7%
7%
7%
46%
Corp
series
$4.50
Sun
50
122
122
Chemical
Sun
"
40
4,100
637a
637a
63%
-
106 '
106
'
1077a
7a
122
8
49 7«
487a
-
-«
63
13%
137s
12%
*106
637a
12 74
87a
Stokley-Van
A/ 5%
38,700
203/a
26
Inc.-
common
preferred
3%
13,000
20
107
122
87B
8
50
8
4872
*103 7a
Drug
^No par
....
.
'...A" A
Year 1948
Lowest
"
~
14%
18 %
1372
13
122
xl22
7b
497,
8
874
49 7a
*14
Inc
X300
100
>A
l
L S
Stores
Bros
;
;//:
--A
2074
63%
637a
637a
125
*122
123
8
*49
427z
Sterchi
Sterling
.
15%'
*106
107
*106
63 Va
637a
63 72
*41
Starrett Co .(The)
3,300
V
..
.
147a
*2174
21%
*21
21%
t
•
18%
■
V13%
•137a
14
1077a
*122
287a
15
,
467a
♦10274
102% A
13% AA;. 13%
137c
26 7a
27% A A
2874
46
I
.
A/
I '•
147a
*10572
637a
v
17% A
102 %
147a
*21
217, X 21%
217a
16
207B
177B
•
Range Since January L_.^.
Highest
EXCHANGE
■
■: Lowest
:;./A'A//V:A7A''A:Av,A:--A A;':A Par AAv t per share ^ ./
/'A
500
42
*38 7b
:>
/17\>/'A,A/
46
.
A -v
104
Shares
1 per share
i
42
16%
:
45%
-■
*1027,
share
*38 7a
27
157b
283/4
45
467a
104 / ; :•/
2874
15 72
2834
A'
104
*102
105
share
■A
457a
*10274
467a
457a
46
4574
*102
9 per
V $ per share
9 per share
t per share
*40
Range for Previoafr
'
Oct. 10
NEW YORK STOCK
Bates for
Frlda*
Thursday
Oct. 9
Oct. 8
28
31% Mar
Feb
11
29
41
39%
NOV
387/a May
.
Apr
43% No?
Jan
/l3% "Dec
AaAAA,';;///'
T
13
13'A
13 7,
13
•
*
'
■
16
•15%
*7%
15%
8
;'A
;''r 8
8
8
14%
15%
15
.57%
56%
57
56%
58
11,900
11%
10%
10%
11%
11,600
Texas
49%
49%
4,200
•Texas
23%
23%
151/4
15%
10%
A
' 12
'
49%
;
49%
43
.
43
42%
A
15%
15%
16
49%
50
18"%
18%
*10%
11
10%
10%
*52
54
52%
52%
*11
11%
16
50
19%
«
6
■AA-
197a
177a
42
42
'A'
A"--
14%
A:.'.-:. 14%
6
177b
167,
14%
A /A:
A:
32
28%
*17%
18%
*17%
18%
A,;/;' 6%
6%,
6%
A
18%
6
16%
17
38%
42
40
42
13%
13%
14
7A
29%
16
16%
6%
177a
16%
17
41%
39%
41%
104 74
13%
483/4
13%
A,
"V"
*103 7a
"
48% A; ■A
15%
AAA:
:AA;AV
ir
.''•
■
'
16
.
Saturday
:'A Oct. 7
Oct. 5
AA.
,•
A
14%
Transue
52
52%
>0
1,300
12%
49%
50
14% *
13%
14%
14%
53%
13%
13%
Oct. 8
:
27%
"A
I per
$ per share
NEW YORK STOCK
Sales for
•;;;•:://;
the Week
112
106%
22%
*104%
21%
109%
109%
28%
*
63
%
*23
7%
*81%
27
85
3%
13%
37
EXCHANGE:.
•
,
105
.
no
102%
105-
104
35
20%
21%
109
*106 y4
108
107%
1073A
A''
27
25%
40%
36
*63%
66%
66
65
65
*23
27 ■' A
'V
37%
65%
A:;
*11
12
•
7.
*23
27
•
*23
'A
>A
1,800
18,100
500
1,700
71
VA
67a
*81
85
•
.•'
85
AA 3%
3%
47%
*81
3%
X45%
47.%
47% >
85
vA; '3% ;
44%'
'
12%
90
A
90
10%
85
86
13%
13%
: no%
11
*87
10%
90 -/
13%
11
A
..
300
-A
10%
18%
107
13
;
13%
.
A
363/4
43%
19%
19%
19%
14%;
14
15 %
*105
108%
45%
41%
43
19%
19%
187/a
13%'
14%
137b
45%
197/8
20
19%
20
14 V2
15%
14 'A •'
15 y4
•
106
A; 106
107%
11 AA ;•>
11 A
li A
10% • 10%
10%
A: 10%
11
18%
-,i8y6,
17%
*106
107
7
■'
13,400
6,600
40,300
104%
*105%
108%
A A 9%
io y4
A
A
iott
;
10
'
*14%
16
109
*106
105%
io;
;
AA10'/A
107a;
io
16
l75/s
;'/ 103/a
290
2,200
'
/
33
33
33
*90%
93
90%
90%
*42%
43
42 V2
43
7
7
*7
*27
28
27
7%
V
,
105 '
196
197
80
v
700
*90%
92%
A 90%
90%
43%
40 3A
417/a
X43
44'A
33
*7
7%
;
28
17%
10%
39 3A
40
67 y8
*65
58%
X58
47%
74%
74%
69 Va
149
22% ''22%
52
47%
68%
*147%
44
*74
69%
68
148
149
s
58%
103
58 Va
52%
A 160%
46
76
22%
17
40
'%•
68
54%
513A
160%
:
42%
'
55%
*161
74%
74%
74%
13%
68 y8
65%
68
;
69%
■
V
145
' 14772
22
51%
50,
145
A
145
v
21%
145
5%
5%
9%
9 5/a
,
,,
57
'
A/
320
U
3,900
109%
105
4,200
50
*102%
8
44%
*20%
*11%
For
8%
44%
21%
11%
footnotes
5%
5
5%
5%
5%
5%
63A
9
9
8
9
7%
87a
8%
83A
*100%
109%
♦100%
109%
*103
109%
109%
*100%
'
8%
8%
8
*44
50
*44
20 y8
20%
207s
20%
10 7b
11%.
11
11
see
page
7%
8y«
*44
48
-
20
93A
8%
-
48
20%
11
-
8
3,900
.•
8
8
48
*44
4774
100
20
20%
20%
1,300
10%
10%
11
77b
93A
3,400
...
51% Sep 19
Sep 24
42 Va Oct 10
x72
Steel
S
-A
A-
S
Inc——_2
50
Corp—
1
Sep 26
657b Oct 10
144
Sep 11
217a Oct 9
48
Sep 9
43/4 Sep 9
772 Oct 10
105
Oct 7
7
Sep 3
41
Sep 10
19 V\ Sep 24
1
87s Jan 31
■—
common
Corp
Preferred
1—
Tobacco
—
Co
non-eura
preferred
United
Stores
$4.20
2dpfd_5
—'—--No par
non-c
$6 conv preferred
United
•
—:—1
Stockyards Corp
United
:
,100
6,000
20
—10
Rubber Co_>——
7%
13,300
*43
S
4%
Wall
cum
Paper
conv
Universal-Cyclops
Universal
pfd
Steel
Laboratories
——
Inc
1887.
Dec
25
50
Apr
66
Oct
A10
Mar
23
Dec
26
Jan
79
Dec
33
Dec
18ya
Jan
5
Jan
103
Jan
107a Deo
Dec
112%
107* Mar
17
Dec
2672 Mar
45%
Dec
347a Mar
56
Dec
102
Jan
Dec
106%
May
16
9% Jan
Oct
52%
14% Jan
257a
: 42
Lowest
Apr
-
w
-W- -m
-m
.Oct
1474
Dec
Dec
/sAAf
Highest
r* per share
Oct
77
;
Jan
78%
18
Jan
267a Oct
102% Dec
116
11174 July
Jan
1
28
May 11-
29
7
12074 Mar 11,
4274 Jan
9
Jan
Jan
151
10074
Jan
112% Dec
457a Nov
29
Aug
25
Aug
104
Sep
40
May
1-
177® Apr 12
89
Sep
Dec
Dec
22% Mar
40
Dec
Jan
82
-26% Feb
774 July
36
Dec
13
Deo
5
Nov
66
5
77a Jan 29-
-
Dec
387a
120
62%
317e
5774 May 10
A 91% Apr 23
>
2774 Dec
Nov
20%
10974
37% Jan 28
AT 19
Jan 18*
5474Jan
8
Jan
~iy4 Jan"
A
Dec
567/a July 25
.387?
Jan
5074 Nov
1674 Aug 13
■
97a
Jan
14% Jun
Jan
88 Ya
10% May
17 Ya
33%
52%
Jun
Dec
Dec
25
Nov
112
Nov
66
105% Aug 23
A
21% Feb 16
•>
56
Jan
28
A; 53% Aug 261
A 307a Apr 10
22
Aug 15
Jan
13% Jan
A
■
110
Jan
23
15% July 11
1067a
Oct
Dec
.
13%
Jan
.
267a
1037a
Ocf
1.107% Nov
167a
Apr
A 6 7a Mar
187/b May 17
3272 May 29
109% July
2
>
29% Feb
•
132
X205
2,
May 29
-Sep 11 A
47% Apr
U%
Dec
28
Nov
Dec
Jan
A. 115
77
Jan
A115% Dec
137a
Jan
343A Nov
38%
Jan
77
20
98y2 Aug 22
62
May 22
137/8 Jan 29
/
•V
>
3074 Mar
55% Dec
127a
674 Mar
Jan 29
257a Aug 21 A
•
44
A. 77s Jan
'
Dec
39
Dec
,
16%
Dec
V 117a July 23.
607® May 31
35
Jan
57
Dec
24
46
Jan
67
Nov
277s
Jun
487a
Dec
51% Jan
73 Ya
84
Playing Card
50
No par
-100
No par
25
U
:
200
5»A
«
A
May 29-
168 Vs Feb
Foundry
&
Pipe
S
Preferred
1,400 ,r
23
53/a
105
107% Nov
10772 Jun
Feb
; 155
U
52,600
146.
Co_—1 A
————10 .
8% noii-cum 1st preferred—100
U S Smelting Ref & Min—;——50
500 '•*
,.' 500
74
70%
1
4
Oct 10
Sep 19
Oct 8
26
Feb 26
90
Sep 26
40
Sep 10
674 Sep 24
'25 » Sep 19
13% Jan 2
974Sep 19
preferred
V/2%
U S
13,900
.
&
125
9
,—20 ;//•' 37
Sep 9
Co-AA---—-10
59 ;; Sep 9
U S Plywood Corp ——1
41
Feb 26
3%% cum pfd series A_
100
100
Sep 25
U
500
5,800
1013/4
9%
9
16% Jan
101
Sep
AA/A Year 1945
•115% Jan 27
Oct 10
16
106
13%
93
196
Leather
U S Lines
2,300
A
,
Industrial
S
'}■
'
*5%
Dec
974
6174 Jun
9
7
29
Jan
Jan
58% Jan
A 111
104% Oct 10
9% Sep 25
10 Ocf 9
Chemicals—No par A
Co———-No par
conv cl A———No pai
S
U
Partic
300
40%
44
v
13,000
23
50
U
9
25
20
26
41% Oct 19
187/» Oct 10
13% Oct 9
100
5
—100
preferred
S Hoffman Mach Corp__
41/4-% preferred
U
1,600
107a
r.
-
7 clo
80
50
21%;
50
51
;
164/
43%
43
''
58%.
1013A
55%
160%
:
..'
.2,500
87b
28
r
1,600
69
56
1013A
.
18
*10 7b
74%
••.'721 Va
148
22
*51
/
66
■V
70%
22%
43
43
*17
67' /:■
53
160 %
"
A A 27
263A
A 39% A
1013A
'•
55 3A
160 %
51%
21%
*51
•
57%
55%
7
39
67 " :
*101%
A''
*65
40%
*65
A
7%
a:j°S-
A': 39 A
70
101% 102 y2
160 Y*
76
*74
A'." 40%
56
58
160
45%
15%
16%
*10%
39%
*46%
25%
17%
66
56%
27 A
10%
71
160
26
v
17 Va
407a
57
63A
■v
7
6-%
.10%
39%
160%
;
/
1,700
29%
90%
42
10%
160%
31
32%
90%
17%
102 JA
30
:A 2,200
A
30
108
201
30
*10%
57%
,
43 y2
17%
102
15.
14
108
*195
*30
201
91%
10%
18
13 3A
106%
*195
197
*90%
10%
583/8
107 %';
'
43 %
A
28
27
13%
106 3/4
14%-
,'
14
110
17%
102
V
109
32%
•"
,
20
20
14
15
20
Oct
47a
•
:# per share
39
-353/2 Oct 11
Rexall Drug. Inc__^
2.50 ,
U S & Foreign Secur_^-i_A_No par
$4.50 preferred
—.—No par- '
U S Freight Co———No par
\
U S Gypsum Co
—— r20 ;
8,300
.*
106'
106
*
''13 ^Oct
V United
30,700
107/s
preferred
United Paperboard
10
44 % Oct 10
9% Sep 10
71 y2 Mar 16
'
1
—100
10
5%
/
,
10
183/4
18
17%
107
*106
107
-
196
201
33
16
*14%
A A
111
♦195
1067a
.31
8074 May 27>
>
4
10
10
3
10
A 3% Oct 10
United Merch & Mfrs Inc new com
'
16%
18%
A
•107
974
Co
Fruit
United
*
14%
29
1974 Dec
66% Nov1
112% Nov
A 23% Apr 16
80 % Sep 10
.
_5
:..l
100
new—-—No par
Gas Improvement Co__ 13 V2
United
~
106%
*106
"36%
35%
3678
43%
A ** ••
45
common
3,700
42%
367s
46
46% % A"
100
A.--A-A-1
preferred—-.
conv,
Corp
140
1374
?&■
39
Yiy-A
:A
■
7
137a
-36%/
38%'
HAVA ;vAA
38
37
*•
•
30c
//A Preferred
/ United Electric Coal Cos
5
United Engineering & Fdy—;—L-5 •*
2,200
"
;
-.No par ■
Corp
preference
i__A
United Dyewood Corp
•
21
Sep
110
Oct
102% Oct
-32
Sep
20% Oct
106
Sep
25% Oct
33% Feb
62
Sep
26% Sep
67b Oct
.
—No par
Co—
$3
5,900
90
13 3A
li
N46
$3.50
United
66,900
37b
33/a
45%
A
100
7
85
*82
3%
45
*87%
*11
93
Jan
July
29
Jan
157a Mar
Aug
13
/ 45
»
$ per share
105% Oct 10
100
i„
Cigar-Whelan Stores
United
34,800
77s
77a
Carbon
United-Cafr Fast
27
*23%
Co
RR
non-cum
United
600
,
•
•
"■
21,900
27%
40
38%
A
''27*
preferred.——100
Union Tank Car
A—A
No par
United Aircraft Corp
;
5
5%
cony preferred
100
United Air Lines Inc
'
10
United
Biscuit
Coi—
No par
1
.'v A *83
,A- ' 3%
AA
7%'
6%
7%
;
12
Jan
„
n__^_25
Pacific
108"
26%
California
Oil
4%
88
Sep 10
111 ; Jun 10
106 t Feb 26
,
series—No par
$3.50
of
13
23
,
Union
Sep 24
Sep 19
Jan 3
49
No par; t
No par
Union
;
•
A; *65
series
1,600
37%
207/b
*107
Carb___i__No par
&
$3.70
6,100
10274
35
20%
26 74
38%
7%;
Jun
Highest
t per share
No par
-i_A5/A
A-AAA -A—No par
Un El Co of Mo pfd $4.50 ser
Preferred
>210
If,100
2174
102%
.a;
20%
Carbide
Union
1
Preferred
117
114* '
36
"20%
25%
27
10 7e
7
18
114 Mar 8
227a May 28
637/b May 11
79
May 11
106% Jan 10
24 Apr 30
71% Apr 30
28% Jan 29
Lowest <
•.
Ruber Co_
Asbestos
Union
Union Bag & Paper
112"
217a
*a;
103 3/4
34%
34%
22
,
217a
117
29%
111
*51
<•
-
35%
jA
Jun
Dec
18%
1-% Dec64% Dec
u
lfnderwood Corp
;
50
A 105% 105%
105%
21%
:
40%
201
68%
105%
21%
27%
♦195
*147
11,300
113
*107%
112-
40%
*109
57
106%
21
*108%
65
*90
11%
58%
*105y2
*107%
:
21%
•34%;
^.;13%J 13%.;
109%
*11
102
93%
"90%
*112%
88%
:'iio% 115%
118
104
A
47%
15
*106
112
A-
-.21%
116
92
*112% 113
,
A
*1077,
106%
x2iy8
84
V 84
3% •
3%
A 47%.
;■••■..
&
*68
27%
l
; 1,900
10,200
1
>
19%.
14%
'
7% *
46
19%
*105%
,
.8% Apr
.r
May 14'
Range Since January 1
Par
5,500
137/b
28%
27
'
37
45%
91
113
29%
*23
•
94
13%
14%
577s
56%
:yA; 13%
."137a
'
42%
:
63%
12%
94
18%
13%
'•••-26t
27%
V' 89'A
A
112
34%
28%
47%
*106
14
*112%
A 112%
112
22
*40%
*■
7%
3%
10%
28%
94a;
55
53%
54%
13%
;;
26%
27%
A.
108%- 108%
65
47%
*11
14%.:
*107
106
-
21%
29
41
;
112
34%
35%
21%
*39
53%
54%
92%
•••
: •
117
106
107
*34%
*
116
118
117
94
:• 112%
',.106% '106%
21%' 22%
106%
21%
A'. 93
-112
**107
Oct
9
Oct 10
Oct
9
Oct 10
Oct 10
497s Jan 3
102% Apr 23
; 117a Oct 10 "
'44 s Oct 9
12% Sep 20
,
Shares
share
'
113
*107
27%
26%
27%
93%
93
*112
Jun
9-
Range for Previous
■'
$ per share
.
13%
13% v 14% £
May
24% Apr
112
Feb
26% Jun
66 y4Jan
21% May
71
Jan
33% Feb
127s Jan
9
4
16
Sep
9
397s Oct 10
No par
Corp____No par
Film
■
2,io(r
Friday A
Oct. 11A
Thursday" A
Wednesday
AAA/' Oct. 9, A "/"A- Oct. 10
,
54 ;a
:%
54%
53
v
1123/4
137®
68
Sep 25
105
.___No par
Corp
Fox
Cen
preferred No par
.$4.50 prior pfd —A_____Nopar
TMn City Rapid Transit—
No par '
5 % conv prior pfd A;
i.
50'
Twin Coach Co:
1
930
46
A 44%
1
$1.50
100
105
12%
20th
■
,53%
70
20 Vi
21 Vi
693/b
5374 July
38 lA
13y«
26'/2
153/4
57s
5
No par
$6 -preferred
900
*103%
St'l
Williams
&
Truax-Traer
30,600
SALE PRICES
:
tperthare
# per share
I per share
47
9% Mar
16
16!/b Oct 10
No par
2
__'
Corp
Tri-Continental Corp
1,700
42%
A1
12
11%
•
16
Feb
-
6
A/'AAA//:
HIGH
Tuesday
-•
"
■
7/;.
:;
,
f: :
LOW AND
Monday
44 A
14%
47%'
-
16
7
17%
41%
.
*103% 105
12
12
137a
*17%
50
50
;
105
*103 7a
'
105
51%
51%
,
13
48%
4872
'16
54
Feb
"
50
108%
108%
109
1077a
10474
•
6%
•
40
*52
55% Nov
July 26
18
Oct
102y2 Oct
5
Bearing
Roller
fTransamerica
21,400
177a
-
Oil—-—10
_\.No par
Associated
preferred
Timkcn
300
6%
•1077a
/
20%. Jun
Jan
6iy2
30y4
sy8 Oct 10
32
Oct 9
Transcont'l & West Air Inc—
21,000
28%
15%
43%
5374
187a Aug
1374 Jan
30%
A. 177a
_10O
No par
com
'
29
17V4
108 v
3
Mdy 28
3
Sep
972 Oct
9
14J/2 Sep 24
38y40ct
8
106
Sep 26
$3.75
5,400
5%
*107
42
108
■
15%
1774
A;
517a NOV
31% Nov7
Sep
A 50 lA Sep 20
25
R)
(J
Timken Detroit Axle new
12,200
27
6%
10% Dec
Jan
26% May 10
.
Avenue
Tide "Water
830
,
13,800
18
/
Jan
18
-.No par
$3.50 cum preferred——No par
12,500
18%
103%
29 Va
*15 7a :
6%
36%
5
65
10
1
Thompson-Starrett Co
'
16%
—No per *.
—
common.....
Thompson Products
4%
preferred -
400
103%
r
Co
Thompson
110
33%
^5
div conv preferred-50
Transit Corp_No par
$2%
'
Third
i
3,900
18%
43 74
5374
55
A
6%
13%
A
A
300
5,200
104
5%
*32
42%
42%
16
•/ma A
'A
*
42%
*101
17%
107
107
1874
'
-
41%
17%
A'
108
104%
'
4,400
15
16%
14Va
267a
6%
16
'420
12.
103%
18
177a
41
13%
41%
A-.
32
3174
50%
10%
33
103%
103%
3874
1772
r
417a
41%
■
A
50%
5%
32
18%
.
Thermoid
'
14% A> A:: 14%
417s
18
-The Fair.
*14%
104
5%
-34%
Dec A?
62
July 11
32 7« Jun
9
10
Dec
19% Dec
Jan
Sep 20
35
pfd ._________No par
conv
700
3,200
41
*101
$2.40
320
10%
15
38%
.5%
Oct
18
Dec
13%
487a
68% Aug 21
60% Jun
14
Jan
7% Jan
11% Jan
3
13% Sep 19
47
Sep 16
15
Sep 3
1—100
Thatcher Glass Mfg Co_
18%
10
*14
U 105%
103%
103%
50%
9%
;v
40%
32
18% A:J/'A
i8%
10374
50%
10%
• ..'is
5%
A
10%
52%
9%"
257s Jun
14% Oct
21
1
Trust
Pacific Ry ,Co___
&
10%
17%
10
10%
*102
a-
36%
*33%.
17 Va
177a
•
6%
48Va
53%
*17
38%
•
106
5%
18 7b
13%
♦52 Va
is
•<
*40 V
38%
*104
A;
-
"•
32%
*1374
53
52%
52%
67a
*10474
2,000
10 '
-15%
31%
♦52%
15%
-
Land
Pacific
13
Sep 10
Feb 26
Mar 4
Sep 10
V "
14%
15.
*51%
*17%
42%
15%
■
*16%
"H%
J
103%
"
137,
15
•-
18
•
«■
v
;
1974
19>
10374
147a
*107 v
42
•Texas
23
1
Gulf
Texas
,2,500
52
10%'
*15
367a
'
*34.
36
1037a
•
11,800
17 1
.
10%
106
6
17 7b
15%
40%
51%
19
52%
:
41%
40
106
6%
19%
15%
39 V*
22%
16%»
"
..
10%
14%
14%
41 7a
103%
15%
39%
21
51
t
50
*18
:'11%., 11%
106 %
36
8,000
14%
38
•15
'
/
'23%
15 7a
40%
,
Gulf Producing
Sulphur—-No par
Texas Pacific Coal & Oil
A
10
23
'<
19%
"6
49%
a
'
■
49%
41'A
10%
49 %
14%
'
,15%
15%
10
49%
21
■
24
23%
v
43
.
10%
,49%
"
15%
*104
25
15%
,
'
14%
(The)
.
57
50
14%
Texas Co
15
49%
42%
5
Jan 15
Sep 11
7%
l43/4
52 7
- 9J/2
46!/2
5
Corp
7%
19% May 16
A--*.—A-d A. 11% Jan 25
Tennessee
15%
11
42% '
:
58%
58
,
4,700
58'A
49 % "
16
,1,000
'
15%
11%
23%
77/a
7*
(James)
Telautograph Corp
57%
58 3A
15%
7%.
iTalcott Inc.
1,000
>
15%
ll%k
'23 Vt
8
13
13
15%
58%
*49 'A
12%
Apr
67% May
103
80
187
5
Sep 26
Apr 22
Feb
6
144 Ya
Jan
176
847a Feb
52
Jan
77%
89
■
72
Jan
89
6
Feb 11
97% Feb
6
166
Feb 16
29% Jan 14
557a Jun
9% Jan
17
28
207a Apr 10
Jan 24
128
85%
Oct
Oct
Dec
Oct
Dec
587a
Jan
135%
Jan
160
Nov
237a
Aug
32
Nov
46
Sep
5074
Dec
4
Jan
87a
4%
Jan
167a
Dec
98%
Jan
121 y4
Dec
16
Jan
25
Dec
Jan
9
Deo
Dec
1174 July 22
54
July 25
2774 Feb
7
Apr
16
22
5%
Volume 164
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4533
m7
NEW YORK STOCK RECORD
LOW
'
Saturday
Oct. 5
S per
95
?>
,96%
;• 197
31%
87%
87
U
198
193%
Oct. 10
t per share
31%
87%
87
93
93
'193
194 Va
the Week
S per share
93%.
.
193%
29
30%
23%
31
87%
88%
87
YORK
Range for Previous
STOCK
Range Since January 1
EXCHANGE
Universal
50
3(T%
87
87%
/£§££
Highest
Par
t per share
t per share
■—No par
Tob
92% Sep 12
187
May 14
8 %
preferred
•
Universal Pictures Co Inc
4%% preferred
100
—_
6,900
580
.
Leaf
Year 1945
Lowest
/.
210
198
£ 30
,
NEW
Shares
93%
*193
87%
STOCKS
fi Sales for
Oct. 11
;
* per share
94'A
194%
;
Friday
Thursday
Oct. 9
94%
V;0
v
Wednesday
193'/a
.30%
31%
87
PRICES
^
95 Va
87%
30%-.
Va
SALE
HIGH
share
x94%
97
.
*193
31%
S per
$ per share
.
AND
Tuesday
Oct. 8./.V
?'£Oct. 7
share
95
*193
Monday
•
—1
28% Oct
100
_
85
110% Jan
Lowest
10
200% Apr
75%
23
49 Va Jan
10
10
Sep 25
101
Apr
39
Feb
Highest
t per share
f per share
110
Deo
Mar
178
Jan
200
Nov
23% Aug
48%
Deo
9
V>>">
*19%
17
37 y4
17%
19V4
19%
183/4
19
17%.
16%
17Va
153/4
16 5/8
37
37%
37%
36
36
17%
37%
17%
19%
i6%
20
•16%
17%
16%
19%
;
>
•
r"
~
>
.
373/4
'
*34
36
35
35
34
99
*93
99
*93
'
99
101"
*93
*39
v
7
102
68
68
95
;
433/4
:
*81
149
39
39 ■»;>
38%
>34 :'">-
34
47%* 48.?::%:';
38%
38% /
49%
♦48
: J'
35
♦33%
135
135
*130
;
180
♦150
♦130
167
-
145
•130
145
167
•150
46%
383/4
33 Va
167
130
130
700
:
420
/hi.',
6%
:
24
26% Jun
17
Co-6%
15% Sep
19
2.50
33% Oct
10
,
100
91
100
100
1
5
V
-
pfd
Vulcan
50
Corp
100
Detinning
167
Preferred
class A
21
105 / Apr
53 * July
33
Apr
24 %
90 Va
Jan
103
24%
Jan
f
Dec
Dec
45%
Dec
-
3% Mar
59%
10
8%
Dec
Jan
81
Deo
Sep
118
124
Nov
9
57
Jan
3
45%
Jan
45 V4 Jan
30
36 Ya
Jan
52
29
Apr
Deo
104
«•-.
99% July 10
Sep 23
Sep 24
Sep 24
Deo
Dec
60% Nov
——
15
123% Apr
Jan
37
Feb
24
80
,
5
Co
1Q
Sep 20
46
■
—25;
(The)
63 V2
118% Jun
Jan
86% Mar
53
May 28
108% Aug 23
12% Jan 29
8
34%
22%
Mar
13%
May 28
115
13
Oct
5% Oct
—100
113
Jan
13
32
-.
51% Apr 30
9
Sep 30
102
-No par
.
Oct
36% Sep
-
100
pref—100
preferred
21%
30
58 Va Apr
Ry—
Works™
Visking
2,400
130
253/4 Apr
10
Virginian Ry Co-^.v^wi--fc—25
900
34%
130
Chemical
8-
10
35% Oct
preferred
Va El & Pow $5
1,500
38%
"V *140
Sugar
Pac
Va Iron Coal & Coke 5%
463/4
«
34%
167
3,900
;
non-cum
9
15% Oct
10
Co
&
18% Oct
2.50
Inc
3'/a % cum preferred
WCarolina Chemical
>;
6%
div partic prefered.
88
.
-46 ■>'
X32%
,
34%
*145
: 121
*78
46
10
68
*
.121,
.
Shreve
Victor
1,300
No par
Co—:
Co
Chemical
Vicks
5%
6%
68
;;
38%
•
34
*150
145
*150
*78
383/4
33%
34%
34%.
66 Va
88
Norman
Vertientes-Camaguey
10
42 Va
Corp of Am
Raalte
Vick
1,400
102
6%
>, 122
Van
101
42 Va
6%
> '65 >•■
47%
383/4
'
•47%
*38%
>
42
*121
90
■46%
95
■
122 ?,/:
♦121
120%
*82
*83
Van
12,800
91
102 >;> ;> *100
5%
67
06
67%.
67%
120%
'
41
6%
V
34%
*83
101
102.,., >*100
6VB
17%
333A
91
Vanadium
3,800
1,200
36%
X16 3/4
..
3,800
!
16%
36
33%
*80
*i'
20
-16
,
33%
*83
42
42
♦100..
6%
16
,16%
34
101
*19%
36
-16%
91
*93
102
r-
6%
*120% i2i%;>
*85
95
121%
*82
,.*41
7
*6%
:70' ';':V
*67
*120 Va
42
*102
104
6%
...
101
*93
;:':V.
104
40%
""41':..'';
*102
101
*93
*.
34
-91
35
*93
15%
>
.>" >
20
35%
17 Va
.16%
173/4
183/4
«»•.
83
Deo
55
Nov
43%
Nov
--
———
100
:
130
Oct
10
170
Mar 29
120
Mar
165
__100
*
171
Dec
Sep
19
178
May 11
145
Mar
173
Deo
Sop
11
64
Sep
78
NOV
15% Oct
10
13%
Jan
20
Deo
30% Jan
42
Deo «"
> W
*36%
107
112
*62
.
66
16*%
16%
36%
36%
Xl06% 107
'37%
♦106%
66
10%
36'A
112
;
16%
111
111%
10%
10%
10%
10%
10%
15%
15%
15%
15%
104%
104'A
104'A
10%
15%
15%
•102
;
103
103
t
18%
■26 Va
*25%
26
*27%
28%
20%
21..
20%
23
VV
18%
*25%
23
22%
37%
112%
«■'"« 1.0
15%
105
18%
18 %
18%
47%
27
24%
25%
25%
25%
26
25%
25%
27%
27%
27%
27%
20%
20%
20%
83
82%
22%
35%
34%
10%
10
10
10
& 33%
33%
33%
33%
33%
86%
88%
*86%
86%
32%
33
32%
*119
119
119
112
112
115
*114
16
16%
41
'24%
25
114
20%
21Va
21%
22 V4
35%
34%
/35>.4;:
15
-66
66
€
14%
15
66
15%
>61%
15
31V*
30%
*77
78
76
77
76 %
21%
21%
21%
21%
r;
5 V2
*13%
31%
29%
30%
74
76-'
77%
21%
21 Va
21%
*13
-
21%
C*12
*118
13
65%
*113
6'/a
16
31'A
>
5%.
:
'
.
5%
5%
.>"*14''v>
•
71
73
74
*12
24%
35
99%
,99%;
75
*60
*94%
:••••••
41
45%
43
33%
33%
■
*99% 100%
■
"*34--
Y5
;
40
*102% 103%
•41%-
95
*5iS
-
76
.
♦101%- 403%.
94%
35
34
34
26
-
12%
25%
15%
25%
12%
90
*82
35
'
;
•V
6%
6%
'
-
39
94%
95%
34
34
~
10% ■11
96.
:
V
1
13
■
99
*98
*32%
13
6&v
♦31
94%
94%
34
.32-
•25 %?
10,400
2,000
;
*30
6%
*60
-
'
W%
:&2V%
-
13 %r
■
16%
14
>
40%
46%
53%
52%
•
-16%
*156
94%.-
95%
*82
$6
92
<
-**88
*83%
167 •
1844
08
x*31%.^&2%-
..
24%
'
.
24%
99
'«1%
81 Vs
35 —'
>
5%-
'400
7,700
67
i
18%:
'*
•
•40%
'6%
*6%
II Va
:
>
Wilcox
52
*80
*85
61
87%
87
9 per share?
66
Wilson
109%
Jan
Oct
•
Jan
112
Deo
•
Sep
118%
Deo
106
Jan
3
Dec
118%
22% Mar
11
Jan
9
40
59%
65
18%
id
18%
>
>v
Oct. 7
4!
*38%
115
<
32% Jan
•>
47/a
Jan
14 Va
13 y4
Feb
Apr 24
64 y4
30
45
7
56
16%
16
'65
'M.49-.:. 50 %"
» *52%
54
"
>';--»5 .>.,85'."
>85
*80
-92
"*•
*45% Jun
Jan
92
.,V
277/a July
31% Aug e
27
Oct
64
Jan
Oct
Oct
17%
-61 y*
18%
63%
18%
'65
63
17 Va
'
'"63
17
1"«
Wednesday
-
Oct#.
f per ehnr9 " - * *
;
•_
,'tf
<
,
Iron *'Co£a—_i
I Per there
—_10
>!
Prior
pfd
1 per thare
85';
15
15%-
33
-
18%
16%
17.
62 %
63%
59#
62%'
18 Va
18%
17%
18
35.
-15
"*17%
'
DM
f
21
101
.
160
34
43% Sep
Feb 28
IB
84%Sep 30
"•
87% Sep 27
103
/
BOVirSep
5
106
7 :
/62%*Apr
25% Jun
2,300
19
"
5,400
Wyandotte Worsted
Wright
' Sep
•
; 59%sOct
Co new——5
.
18
.
14 {
•
•v
Sep 19
16% Mar ih.
16%
•
58%
167/s
.
'
*
.
16% '
.
62--
17%
15
28%
40% Jan
98
TB'
EXCHANGE
26% Jun.
*19% Nov >
,16%—
18%
.-
■/
63%18V4
-
18%
62 :'
17%
•;
-
Lowest
Shared
Jan
80
Jan
75
Jan
-
Deo ;
; W6v
53% Deo Nov
160 • «tot109% Ndv
69% Mas &.
70
110
Nov
-84
Ofct
•Bid
22
.
and asked prices;
1
i
.
9%
'
21%
25
9%
ao $al«s on this
day.
81%
9%
97/8
19%-20%
*
im receivership.
:
-
9%•
'9%
Deferred
31
21%-
-
'9% -;9%
'Yale ti ToWne Mfg tb.
8,300Work-dorp^^
deUverv
a Hem Btoes
5,400
,
6,300 >
Ma
w-25
>. 8
Year 1946
Lowest
Highest#
per share
.Dei^15
33
' 15
Young. Spring & Wire
No par
Youhgstown Sheet & Tube—No par
"
Rep
Highest
f per share
: :
%l%^uly-1
®g% fftil
3 ' "^7% Jan.3i
16% Oct 10
-57% Sep 24
16% Oct 10
*
Youngstown Steel Door—No par /
fcfehith Radio Cbfp_iui-us.ua JVo-par*
Products Corpu-^i-a
x—1.
-
Zohite
«u»
iBpeelal sales,
•...
6
t,
I per shore;
3,300
1,700
11,300>
.3,600
———.
sa :
138% 'Deo
37
•
Jan >
4
Range Since January 1 >.
>
-
-
35% Jan 17
83% May 31
:3l
Jan 29
:
13% JAn
19% Jan
39%
,
20
Jan
Mar
wd When
-
>
19% Oct 10'"
9
Sep 423
distributed.
42% Jan
15'
14% Apr
18
R-Ex-divldends
'
y
38%
6% Jan
Kx-rights.
-i
•v
Range for Previous -"
NEW YORK STOCK
IfcsWeek?
•
Dec
,
"Sales for-
30
35%
.15%
©ct>
18
•
1
^
JUn
36
■Ate »
May 10
'Feb
Dbo
94
*+
Jan
13% Janll
128. Jan.»
14
!■•> m
10
47
v
Den
«7% Dec
10% Jan
7
Jun
Oct
31%
; July 26,
21% Feb
5
103
8%l«at
July 10;
Dbc'
v
8% Jan.
16
Jan
47%
87% Jan
26% JAR
1
>
18 JA
~ "
26% Jan
-
21% JbH
30
Ffeb T
78
107%
83%
series_a—a_100
"
\T,f petMhare
.
-
-
conv fieries_j._100
65
'
Mar
:
105
•
'
9 per share
'
">■"4
.
.•
\
'
t
47% Dee
24% Oct
91% I»ec
tkt
70%
27% Sbp
"
9%
1
Dec
•*-•;•
35%
16
18%
21%
I
Deo "la
105%
•
I I1
43
101% Aug-
131% Jan
62% MayiOB *
14
Aug 13
100
"'Apr 25 -'
4V2%
Prior pfd 4%%
23% July 10
July 11
36
May 21
12% Jan 29
9
11 >
•
Aeronauticai__-__;ij__No par
Wrigley (Wm) Jr (Dell—No pari:
-Oct. 11
16
17
;•
"
/
,
-
87
Friday
Oct. 1#
11
62% May 29 >
107% July 26 <
*44
May 28 *
44
Jatt 28 /
M
fj
45%
-
ft, i.
,
BVnrxfl
Thursday*
:y
■
72 > Jan
X106 V Jan
12% Sep 19
95% Sep 24
"15 V2 Oct 10
pf d__100 ->' 142.
'
■64%
17%
x33% Jan
1-No pur "
*.-10
*83%
'>
2(1
Mar 26
-12
Get
'? 81 % Sep
—No par
Wisconsin El POW-CO 6%
NIGH SALE PRICES
AND
Tuesday
62
17%
.
*
37%'May
50% May
-
-
.100
Jun
>,
60
38% Dec
30% July t
27% Feb
107% Jan 31
July
35
..
.
37% May
18
Jun
57 ya
43% Aug
26 y4 Jan
i.
Jan 29
h "63% Jun
9
(F W) " C0_^_-——_10
Worthington P & II (Del) a—No par
>''>-89%-
87'
Aug
-r'
-
Woolworth
-
*83%
63
Motors--->-^-_-_I.9% Oct
preferred
Woodward
48 ~
53%
'*81'.,
87
36%
/
,
37%. Jun
39% Jan
10
-
Deo
'' Dec
30% Jan
:
36%
16 Ye
Deo
8%
61
•
17
17
16
Wilson-Jones
?
160
.
46 V4
.548%
v
:"*92r
•Oct. 8
8 per share"
38%
Dec
14
41% Jun
10
6% Oct
&..CO. Ino__
$4.25
'
*83%
61%
Monday
-
Nov
Nov 4
113%
101
14
Oct
89% Nov
Jan
113%
14
>; 101
.
:•'>
27,400
1,300
*445
10O-
Oil Co
Willys-Overland
."->.15% .15%
Ry—.:
preferred™_v—100
cbhv
Bewlhg Mhch> Cotpii.u-u.,^1
conv preferred^
—No par
Prior-prefcrreti
—___20
100
.
5%.%'
33,800
<98 %
M 15 Va 15%
*145
160
49
53%
LOW
Saturday
Oct. 5
100%
53% Jan
May
38% Nov
37
6
101
>
29% Sep 10
99 r.■; Sep 26
.*
-No pur
$4
>2,500
>■
14%, 16
97%,, 97%-
40
49%
53
93
>
*85
Jan
23% Mar
32% Jan
35
'
Apr
8
26J/2 Oct
Whit®
.
rlo%
-10%
13%.-14%.'.:
160
4
49%
52%
*83%
10
39
;
Dee
32% Jan
23% Oct 10
n
Dec
18%
May
56% Jun
1*
-Nopar-- ' 37y4Sep 10
v
$5 conv prior pref-.
—No par v r; 93 % Sep 19
White Dental Mfg (The S S )!'-•—20
27%Eeb 28
White Motor
22% Oct 10
,
6
9%
16
88
'
£<
*
84%
9
2iy2Julyl9
Instrument^..-—12.50
Wheeling & Lake Erie
>V 43%:. j ■
; 7,200
^ *80%:
90
;"W' 350
■>>.4*30.'
"35 v
v
*30
6%
99
•
•"
t
13
35 m
%hvz
40%
''49%
*80
-
Elec
"i7%~
30% Jan
/,
-•
90% May 14«
13 Va Jan 16
Sep 12
Sep 24
Oct
.*'•
Deo
32
33% Deo I
5
1:;/.; V
24
35
20y80cfc l0
par
—Noparyr
21% Nov
Jan
Mar
116% Apr
10
71
100
>*
/
122% Feb.
Wheeling .Bteel fCotp
370
'
13%
460,
'
49 -a:;
A
1-—
14
Deo
117% Aug
7
119% May 16
53 V» Jun 10
*
i
V
Deo f
50
14% Aug
Apr 30
Aug 1
119
16
27
/
105%
89 % Aug
45
••
8
Sep
Oct
Apr
16% Apr 20
43% July 11
Jan
2
5J/2 Sep 19
100
'.>3.75. pfefetred
>
.4,900
'
*97
1G5
-
69
103%
"22%" S4%-
10%
■
97%
41 v
'49%
53%
13
"Westvaco Chlorine ProcL^.—No par
100.
,
*39%
series
B
Weston
900
'■**'
7"
r.-49%'
29% Sep
>*, 57
Westinghouse Air Brake»i__No par
Westinghouse Electric Corp_a-^.12%
/>. Preferred
«
12%
1,070
44%
34
'"39%
12%,;.
81% V82
35
.
6%
10%, 11-
14 %
*145
85
"
11%
16
i6y4
16%
*145
165
Preferred
50,100
*102%
-
,r
1
2 4'/a
12
.
?>? 6%
6%
*97 %
-
?
v
35
13%
28
100% 100%
*102% 103%
'•36.
39%
40%
'
25%*" >
%•..*>:
c 85 mi
l?-25%
13%
*31;-;'• ■
6V2
10%
14
47% Jan 31
Sep 13
111 % Sep
1
Western Union. Teleg class A_No
Class
35%
44
'
*82
»3(p
1,300
25%
,4 34
33%
4100% 100%
'
'Jv *"20
-44%'
.100
Supply Co
Maryland Ry
91%
24 y4
10
35ViFeb 20
—10
;
Auto
Deo
'
42 V*
94%
95%
>'
•
*99% 401
♦101% 103%
42 %>
*41
35%
45 "4
33""'
46%
34
IPfi
♦60
*101% 103%
!'.:i
101
1°°
'
36% '-c36-
37
.
No par
16%
20
Sep 20
113% Oct
-
21%
"
Co
106
Oct
-
34% Feb 10
Sep 10
108
Sep 25
115 V2 Jan
4*
100
8%
.
Deo
35% Mar 14
29
4% non-cum 2nd preferred___100«
Western Pacific RR Co com-No par
16,800
*12
27
37
30% JUn
14%
'•
85% Sep 30
^_»_._»..»_100
4%% pfd
100
Western
Western
4,200
21 ya
20%
21%
preferred
> Western Air Lines' Inc
200
31
{.76%
27%
"*45%
5%
17V»-
29%
24
■r-34--
■
Dec#
Jan
v
9% Sep 19
31 Vz Sep 19
Sugar Corp
1
Electric class A__No par
Pulp & Pap
4%% preferred
>
:
23%
33%
20
>
30%
—5
preferred
6%
2,600
1,800
■15%
Inc_^
Indies
Penn
7%
6,800
24%
46%
West
66
VI
24
37%
West
170
15%
20% "214,/
21%
200
14%
!
Tobacco
Webster
64
25%
♦45
31
110
8%
16
50
•-
Sep
29%
dan
'
110%
Aug
61% Mar
23% Aug 29
;;;
Sep 11
Sep 10
20% Oct
f" Wesson Oil & .Snowdrift&^s._No parpj
$4 conv preferred
64
29%
>
'■
*113
24%
/33%
20
5
Va
25%
?>? 37
> 27
a.wli.5
li-wl
West
25%
34
10 ;
9
18% Jan >24
No par
Wayne Knitting Mills
3,000
26%
37%
24y4 Oct
105
18% July 19
107% Feb 20
Sep 24
16% Oct
Co^.
39%
4 115
27%
'48%
lOO
5
Corp-_i.
Lt. Co_i._
Motor
Penn Power
27%
,r
iOO
No par
new
Wayne Pump
/
xll7/8 Mar 15
Petroleum
Washington Gas
West
28%
37%
Warren
30
28%
*33%
___1
common
140
29%
•45
Baking Co
230
25%
>
154% Aug 12
20 y8 Jun
7
119%
28%
25%
10
114%
29% >29%
'
26
» Waukesha
14%-
*14
21%
20%
Feb
9%; Oct
113'A
;
38
115
5%,
18
*12
21%
98
4,800
110
*114
40
13%
115
15%
*15%
33
14
W_„_No par
Co__
Warren Fdy & Pipe
1,800
32%
«
*113
38
62
6
18
33
119%
113%
115/
16%
.
21
-_____No par
4,400
89
31%
110
;
*114 ■:<** 115
*113
65
*15
•13
118%
0Va
32%
<
*86%
31
*113
39
38%
89
110
66%
15
,
6%
6%
39 %
'
110
113% 114
66
%
113
113
■
Mar 26
Feb
86
111
900
35%;
>9%
32%
32%
29%
119
113%"
5
*6%
31%
110
119
119% ?
•32%
*86%
89
30 Va
35
9%
33%
110
27
.
Apr 29
23% Jun
ii ■'•
10
*86%
1
x27
54
■r:
12
5%% preferred
Warner Bros Pictures
3,900
700
27%
3
Apr
Ward
2,800
22%
114
*113
25
2,700
*26%.
Sep
105
55,300
1,300
20%
113%
114
♦113
114
S 15
>24%
>
20 Va
33
33
x38%
18%
20 Va
113%
41
25%
34
.^~-.^_^_100
8,800
220
106%
25
■17%
25
.
56
Walworth
16,000
20
113
40%
41
♦105
>.£ 17
100
__No par
No par
Co
preferred uL-Iki
Walker (Hiram) G &
1:3,500
10%
15%
preferred
System
4%
/
___
27%
114%
'
109
20 Va
9%
110%
119%
•
107
108%
35 Va
■
86%
31
110
120
112
*114
86%
33%
110'A
110%
110%
*106%
..
21%
34
♦110
Waldorf
Walgreen
20
10%
-
*34%
:
3,700
2,700
27
1
34%
*9%
17%
36-
,
10%
'
*»34% 35%
■■
15%
104% 105
24%
.
16%
Wabash RR 4%%
10%
>18%
25
•26
63
36
109
9%
-
26
18%
-
16
36%
107
15%
104%'
*58
*lhR% l07
10%
1
14%
63%
36
*106%' 107
,110
108
r
111%
'
*59
16%
36%
107
>
66-
46%
-
r"
*60
>
37
*106%
.17
,17
-
*62
66
*62%
.*
44%
Deo
12%
Dee
;
I\$
:
'•»;
j
THE COMMERCIAL & FINANCIAL CHRONICLE
Number of
Week Ended Oct.
11, 1946
Shares
f-
.
Monday
Tuesday,
Wednesday
i
Bond
Bonds
•,/•
Sales
Week Ended Oct. 11, 1946
$1,654,000
$99,000
189,000
5,656,000
7,453,000
314,000
4,905,000
$27,975,000 .*. $1,265,000
86,825
•Wednesday
Thursday
5,142,000
$29,240,000
is
Foreign
$1,265,000
Railroad & Industrial.
27,975,000
28,314,500
■
■
'
■
■'
are
the daily closing averages of
64,563,200
■
's*'t ':" :;•>;*
WeekEndedOct.il
Indus¬
trials
5
October
8_
October
v.,
.
9
65
ties
Stocks
-V
Second
_
$1,050,000
1
V
trials
Rails
Rails
ties
60.79
103.85
110.74
89.34
107.56
34.38 v
110.51
89.26
103.80
34.10
60.20
103.74
110.38
89.33
107.40
33.20
58.53
103.75
110.33
89.19
107.37
45.69
33.57
59.34
103.56
109.93
34.19
60.44
103.51
109.89
.
Bond Record
■;
«
"and interest"—except for income
are
AND
Monday
HIGH
Tuesday
Oct. 7
SALE
Oct. 8
'
par
29%
Fulton
42'A
114
119
103%
36%
38%
10
44%
20
Trust Co
39
Continental Bank
102.71
,
Corn
& Trust
44%
41
190
200
100
307
Guaranty
46%
' -
100
100
Trust
-
Irving Trust
Kings County Trust
Lawyers Trust
Manufacturers
-
Low
/' High
Low
High
Low
103.18
*103.16
103.18
♦106.26
106.28
*106.26
*106.26
106.28
*106.24
106.26
Trust
53-\f
20
100
55
f;:■{
269
263
12%
39%
41%
18
90
56
25
Public Nat'l Bank & Trust-17%
93
54
38%
40%
95
Sterling National
68
73
23
26
Title Guarantee & Trust
40
United
102.22
Federation Bank & Trust
102.31
Fiduciary Trust
10
37
First National Bank—1001,615
10
19%
/
"
New York Trust
States
25
-
12
14
100
Trust
700
'
15%
730
1,675
New York Stock Exchange
«»
WEEKLY
Cash
and
YEARLY
-
deferred
one
or
more
of
32d
a
point.
,
-
*107.13
107.15
*112
112.2
,
Sales for
Fridav
*112
112.12
*113.18
113.20
103.7
*103.15
103.17
*106.24
'
Oct. 11 :
High
Low
GOVERNMENT
106.26
the Week
,
NEW
Bonds($)
High
STOCK
BONDS
V *103.15 103.17
Range for Previous
'
Lowest
July 12
3s
110.3
Jun
28
111.18 Feb
19
112.21 Aug 23
115.26 Jan
17
111.24
*111.20
111.22
*111.20
111.22
*111.21
111.23
2%s
1955-1960
*102.23
102.25
*102.22
102.24
*102.22
102.24
Treasury 2%s
1948-1951
1951-1954
—1956-1959
107.15
*112.1
112.3
*108.30 109
*108.29
108.31
;
*108.29
108.31*
107.15
*107.13
107.15
*107.13
107.15
*107.13
107.15
Treasury 2%s
*112.2
112.4
*112.1
112.3
*112.1
112.3
*112.1
112.3
Treasury 2%s
*112.13
.
112.15
*112.11 112.13
*112.11
112.13
*112.12
112.14
*113.21
113.22
103.7
,
113.23
*113.20
113.22
*112.21
112.23
*113.22
113.24
*103.5
103.7
*103.5
103.7
*103.5
103.7
*103.5
103.7
*104.26
104.28
*104.26
104.28
*104.24
104.26
*104.24
104.26
*104.24
*105.19 105.21
*105.19
105.21
*105.19
105.21
*105.19 105.21
*105.18
105.20
*105.18
Treasury 2%s
Treasury 2%s
105.7
*105.4
105.6
107.1
*106.31
107.1
*104.12
104.14
*104.10
104.12
*104
104.2
*103.31
104.1
*103.17 103.19
*103.16
*103.15
103.17
*103.14
*103.13
103.15
*103.11
> *103.8
*105.3
105.5
*105.1
105.3
*105.2
105.4
*105.2
••
i
*106.30 107
*106.29
106.31
*106.30
107
*104.9
*104.9
104.11
*104.9
104.11
104.1
*103.29 103.31
*103.28
103.30
*103.29
103.31
103.18
*103.13
103.15
*103.13
103.15
*103.14
103.16
103.16
*103.11
103.13
*103.11
103.13
*103.12
103.14
Treasury
*103.9
103.11
*103.10
103.12
Treasury
*103.8
103.10
*103.9 '"103.11
Treasury
Treasury
103.18
*103.16
103.16
*103.14
104.11
103.13
*103.12
103.14
*103.9
103.11
103.10
*103.8
103.10
*103.7
103.9
>
*102.5
102.7
*102.3
102.5
*102.2
102.4
*102.1
102.3
*102.1
102.3
*102.2
•105.11
105.13
*105.9
105.11
*105.8
105.10
*105.1
105.3
*105.8
105.10
*105.10 105.12
102.4
Treasury
--1963-1968
June 1964-1969
.Dec. 1964-1969
2%s
2'As
2'As
2%s
2'As
*102.3
102.5
102.4
*102.1
102.3
*102.1
102.3
*102.2
*105.20
105.22
*105.19
105.21
*105.19
105.21
*105.18
105.20
*105.19
105.21
104
Treasury 2'As
*103.29
103.31
*103.28
103.30
*103.29
103.31
*103.29
103.31
Treasury 2%s
107.6
*107.2
107.4
*107.1
107.3
*107.3
107.5
Treasury 2'As
105
105.3
*104.31
105.lt
*104.31
105.1
*104.30
*104.31
105.1
101.22
*101.20 101.22
*101.19
101.21
•JL01.19 101.21
*101.19
101.21
*101.19 101.21
101.21
*101.19
*101.19
101.21
*101.19
*101.20 101.22
*101.20
101.22
*101.14
*101.19
101.21
*105
Treasury 2'As
105.2
101.21
'
i
Dec
106,6
Oct
107.15
Apr
Jun
Apr
2
106
Apr
2
2
107.15 Jan
28
106.28
Sep
107.25
17
105.24
Sep
108.15
Nov
103.4
105.29 Aug 19
108.4 Jun
7
107.5
Jan
108.4
Jun
7
105.19 Aug
107.1
Jun
105.22 May
1
104.9
Jan 10
107.27 Apr
107.4 Apr
2
100-28 Jan
16
100.18
Jan
103
4
107.9
Apr
9
100.17
Jan
102.9
July
102.22 Jan
4
107.19 Apr
6
100.15
Jan
102.7
July
100.10 Jan
102.2
100.18
102.3
Jan
107.9
Apr
5
12
101.16 Jan
4
107.10 Apr
106.15 Apr
-Sept. 1967-1972
106.28 Apr
30
109.15 Feb
18
101.15 Jan
2
106.16 Apr
1951-1953
.
106.15 Aug 12
1954-1956
1956-1959
.—June 1959-1962
Dec. 1959-1962
2Mis
101.16
*101.14
101.16
*101.14
101.16
*101.14
101.16
*101.14
101.16
*101.14
101.16
*101.10 101.12
*101.10
101.12
*101.10
Treasury 2s
101.12
*101.10
101.12
*101.10
101.12
*101.10
101.12
*102.15 102.17
*102.15
102.17
*102.15
Treasury
2s
102.17
*102.15
102.17
*102.15
102.17
*102.15
102.17
Treasury
2s
*102.3
102.5
*102.3
102.5
*102.3
102.5
*102.4
102.6
*102.4
102.6
Treasury 2s
June 1949-1951
*102.10 102.12
*102.9
102.11
*102.9
1 02.11
1647
*102.8
102.10
102.11
•102.13 102.15
*102.12
102.14
*102.12
Treasury 2s
1 02.14
*•102.11
102.13
*102.12
102.14
*102.11
102.13
*102.12
102.14
Treasury
*102.13
1 02.15.
*102.12
102.14
*102.12
102.14
*102.12
102.14
Treasury 2s
102.17
Treasury 2s
—Sept. 1950-1952
Treasury 2s
...
*102.16 102.18
*102.15
102.24
102.17
*102.15
102.17
*102.14
102.16
*102.21
*102.20
102.22
*102.19
102.21
102.31
*102.29
102.31
*102.28
102.30
*102.24
102.28
*102.29 102.311
102.23
*102.29
102.30 103
102.26
*102.24
102.26
*102.22
102,24
*102.27
102.29
*102.27
102.29
*102.25
102.27
*102.15 102.17
*102.20
*102.9
*102.15
102.22
102.31
*102.20
♦102.23
102.25
*102.23
*102.28
102.28
*102.29
*102.29
*102.25
102.22
102.31
—.
100.30
Jan
107.28
Dec
8
100.23
Dec
101.15 Dec
106.15 Aug 12
106.29
Oct
107.26
Feb
108.21 Nov
108.21
Nov
Aug*12
108.17 Aug 12
104.22 Sep 17
108.17
107.14 Apr
3
100.27
Jan
105.1
Nov
100.29 Jan
2
104.16 Apr
5
100.15
Sep
101.12
July
101.4
Jan
4
104.7
Apr
3
102
Apr 29
102
Apr 29
Jan
17
103.7
Jan
5
103.9
Jan
17
103.22
Feb"~6
•Treasury
2s
103.4
Apr 26
102.22 Sep
103.13 May
June 1952-1954
—
24
16
103.15 Aug 20
104.3
Mar 15
Sep
100.17 Jan
104.4
Dec
24 '
104.29 Feb 21
*105.10
105.12
*105.10
105.12
*105.11
105.13
Treasury 2s
*101.2
101.4
*101.2
101.4
*101.2
101.4
Treasury l%s
.
1948
101.14
May~17
101.31
*101.1
101.3
*101.1
101.3
*101.2
101.4
*101.2
101.4
Treasury l%s
.
1950
101.3
Sep 20
102.17 Mar
transaction.
18
1953-1955
Mar"~9
8
100.13
Jan
104.6
Dec
106.12
102.25 Sep
105.13
lot
Dec
104.26 Feb
101.4
a Odd
102.10
103.1
*105.11
day.
Nov
103.30 Dec
*101.2
this
Dec
103.8
103.16
105.13
transacted
Oct
'103.5
Jan
101.4
No sales
102.26
Jan
101.29
Feb
*105.11
price.
Jan
102.27 Jun
Sep
*102.2
101.2
104.24
100.25
105.12
*101
Jan
102.20 May
102.26 Oct
Dec
Apr
July
103.1
101.4
asked
102.9
104.14 Jan 28
•105.10
and
103.28
103.13 May 16
*101.2
101.3
100.27
Sep
Oct
102.21 July
J951-1953
.Dec. 1952-1954
Dec
102.26
104.24
103.9
1951-1955
Treasury 2s
*'
Dec. 1949-1951
100.18
102.3
...Sept. 1949-1951
—
Treasury 2s
102.25
102.27
2s
Feb
July
.March 1950-1952
102.11
Feb
101.24
.March 1948-1950
*102.13 102.15
*102.9
,
100.20 Aug
6
Dec. 1948-1950
•102.4
102.6
Jan
July
102.17 Aug
1952-1955
.
Treasury 2'As
Treasury
116.16
4
,
*101.20
113.30 Oct
Jan
2
,
*105.1
110.15 Mar
Jan
102.11 Jan
^Treasury 2%s
*
113.20 Nov
113.2
102.11 Jan
,
*103.30
*107.4
108.27 Aug
112.10 Jan
112.21
Dec. 1967-1972
.
102.7
107.6
Dec
106.11 Mar
19
—June 1967-1972
105.21
*107.4
Apr
114.25
118.15 Mar 12 V 118.23 Feb
1965-1970
104.2
102.4
6
111.27
Jun
15
—1966-1971
*104
*102.2
109.22 Feb
115.23
Nov
Apr
106.16 May
1962-1967
*105.19
:
Aug" 23
113.12 Aug 12
1950-1952
.1956-1958
107
104.12
111
112.17 Aug
"
Treasury "2'As
Treasury 2'As
Treasury 2%s
■Treasury 2%s
*106.30
*103.31
107.23
106
—1952-1954
*104.10
f
109.24 Mar
105.14
1949-1953
Treasury 2'As
105.4
Highest
106.13 Nov,
1948
.
Treasury 2y2S
''
*105.5
1960-1965
Treasury 2%s
105.20
104.27 May 16
1958-1963
Treasury 2%s
-
104.26
*107
4'As
3V8S
*107.13
v.
112.14
*113.20
*103.5
109.1
Lowest
104.14
102.25
*108.31
106.26
Year 1945
Highest
,
1947-1952
1949-1952
1951-1955
*102.23
*106.24
104.28
107.5
Range Since Jan. 1
•
*111.22
109.1
*112.12
i
*103.10 103.12
YORK
EXCHANGE
*102.22 102.24
106.28
*107.13
;
*103.5
Low
*111.20 111.22
102.24
"'Bid
Co
17%
52
49
90
Treasury
Treasury
Treasury
Treasury
i *108.31
109.1
*111.18 111.20
*102.22
•101.1
25
1,875
10
106.78
Oct. 10
High /
*103 16
*102.26
316
16%
10
Exchange Bank & Trust_20
Empire Trust
50
102.66
106.81
Thursday
Oct. 9
*103.17 103.19
*102.22
210
1001,825
Morgan (J P) & Co Inc
National City Bank
•.;>.*
Ant
Bid
Trust—
Grace National
;V
395
-
PRICES
Wednesday
;
103.19
*107.3
$65,828,000 $134,568,000
■
;•
High
*102.5
Ask
27Mi
380
Commercial National Bank &
Figures after decimal point represent
♦103.17
.
Bid1
'
88.56
and defaulted bonds.
'
LOW
Oct. 5
*104.26
417,000
,
Saturday ::v' V':
*108.31
26,611,000
966,000
9,636,000
delivery sales are disregarded in the week's range, unless they are the only transactions of
week, and when outside of the regular weekly range are shown in a footnote in the week in which they occur.
No account is taken of such sales in computing the range lor the year.
The italic letters in the column headed "Interest Period" indicate In each case the month when the bonds mature.
i '
i'--: x; ^
;i - ;
.
Low
■
10
100
89.04
„
FRIDAY
NOTICE—Prices
-
City Banks & Trust Cos.
100%
102.74
107.39
60.71
46.32 f
46.55
87,629,440
$55,775,000 $106,991,000
110,000
•
$2,691,000
—10
102.87
44.69
167.97
$2,551,000
149,000
$1,214,000
Chemical Bank & Trust
Bonds
34.38
167.34
October10_
the
40
46.65
168.87
October 11
:
*
Utili¬
Grade
Grade
163.12
—
1948 J
1946
116,267,290
30,000
Brooklyn Trust
100
Central Hanover Bank&Trust 20
Chase National Bank
15
Total
10
46.79
' 169.00
7
October
_
Indus¬
roads
DateOctober
Utili¬
Rail¬
Jan.ltoOct.il
1946 Vyv>, 1945
2,307,065 / 2,997,042
z—; 15,000
—
Bank of the Manhattan Co
Bank of New York
10
First
10
'!■:
\
Par
representative stocks and bonds
Co.
Total
15
$1,214,000
.
Bonds
■
Bankers Trust
Cv-
212,000
—
$15,000
Quotations for Friday. October It
10
20
281,000
'VV ,281,000
;fj
37,000
-171,000
•
.V:
,
1.
:
.Foreign government
St»cks
30 'VV'
207,000
6,000
1,000
13,000 ' •'-
'
41,000
Domestic
1,791,034,500
992,342,900
Stocks—No. of shares—
^
the New York Stock Exchange as compiled by Dow, Jones &
:
6,000
$149,000
-
New York
od
$62,000
———
~
Stock and Bond Averages
Below
■:
$2,000
171,000
Total
listed
n
6,000
$1,050,000
•'
$29,863,400 $1,075,095,100 $1,871,170,710
$29,240,000
* ■'
47,000
384,105
Foreigncorporate
.
i-
-
Total
Corporate
;j:''
$5,000
f
2.307,065
-
$5,543,750
74,592,460
$18,189,000
$92,500
1,456,400
-
243,000
^
•
y.'V'"1V'■''"Vvjiv'■.
~
262,000
282,947,233
291,639,766
bulilli
Total-
154.000
1945
1946
1945
7,440,459
U. S. Government-
'i
Jan. 1 to Oct. 11
Week Ended Oct. 11
,
163,000
620,250
'
Total
•
1946
•
Exchange
Government
$57,000
582,950
s
...
ifriday
-
8,284,700
Domestic
287,275
——
Tuesday
7,767,000
237,000
Shares)
•
IT
Stocks—No. of shares.
•
i
-v
.'/ ;■'/•'jI-*,.'.■
Bonds (Par Value)
'Foreign
Foreign
r
.
345,660
Monday
4,885,000
5,415,000
(Number
:')'X'XX-\vX
°t •
Saturday
4,136,000
185,000
241,000
' !•
Stocks
■'v
■•;
■■■
,
.
4,700,000
——
8,234,700
Government
■Bonds
3,547,000
—
Total—
Foreign
.X
;
■
$1,555,000
'•
374,010
—946,680
1,255,290
-——.——
2,020,070
V; 2,222,790
1,465,860
Saturday
Thursday—
Friday
;
,
"
■
Total
United States
Bonds
•
Daily, Weekly and' Yearly ff•;HllSII
Daily, Weekly and Yearly
Railroad
and Miscel.'
itfe- "
>-YwVr'
Monday, October 14, 1946
Transactions at the New York Gnrb
Transactions at the New York Stock Exchange
Stocks,
j•- <*'•
..
Jan
106.12
Nov
101.9
Jan
101.23
Apr
100.26 Aug
101.19
Dec
Volume
Number 4533
164
1889
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK BOND RECORD
RANGE
J:
'i v; vv\\.
bonds
1
*■
£ 'fldny
■'
U.
.
WEEK
ENDING
Last
Sale Price
or
Friday's
8. Government
New
Banfe Since
January 1
Sold
Low High
No.
Low
York
115
114% 115'/a
71
Friday
113%
125%
of)—
f $
s
Mtge Bank
A-O
*50
51%
70
56
1946
M-N
*50
51 Va
59%
F- A :
*50
.,1947
J-D
95
96
91
M-N
90%
90%
88%
1951
1949
4%s
Broadway,
M -N
22
♦103
110
♦103
J-D
110
115
J-J
*112
109
1945
J-D
*166
162
113
170
(Rep of) 8s ser A-1951
ASinking fund 8s series B__.„
1952
A-O
*105%
98
104
A-O
*105%
.
NY 1-1693
98%
105
J-J
97%
98%
17
96
102
F-A
99% 100%
5
98
104%
A-O
99%
39
6s
IA Dominican Rep Cust Ad 5%s_.
5 A 1st series 5%s of 1926
y
\
■
'."•;»
5%s
Foreign Govt. A Municipal
Agricultural Mtge Bank (Colombia)—
AGtd sink fund
6s
Akershus
(King of Norway) 4s
lAAntlquia (Dept) coll 7s A
f-a
*7290
1948
a-o
•72
1968
1945
MS
jAExternal
s
f 7s series B
1945
J-J
j A External
s
f 7s series C
1945
J-J
JAExternal
s
f 7s series D
1945
j-jt"":
AExternal
AExterlal
y:
f 7s
s
sec
1st series
s
1957
103% .103%
25%
*18
J-D
100%
f
external
4>/2s
1948
S f conv loan 4%s
1971
8 f exti conv loan 4s Apr
1972
Australia (Commonw'lth) 5s of '25-1955
External
of
5s
1927-
1957
A7s
38
'-
'a
.100% 1Q1%
37%
37%
28
m.'
33 y«
Irish Free State extl s f 5s_"
307/a
"100
'
M-N
!
100
100 Va 100%
;
a-o
:
& 100
MS
106%
103% 104%
109
r£
—
♦12%
1968
•
/■
1952
..I960
-•:..;
102%
♦103%
1943
27
100 y*
(State Mtge Bk) 7s
(Colombia) 6%s_
AAssented
75
100%
(US)
to Nov. 5, 1942,
extl 5s of 1899 £
External
s
f
1955
J-D
-1941
106
J-J
J-D
§ABrazil
7s
(U S of)
external 8s
—
106%
-/j?; 110
V; f
*>
-
'
4
AAssented
to
10%
2
10%
AAssented
103% 110%
111%
74
,
115
118
64%
—
Stamped pursuant to Plan A
to
:
11
agree
~9
11
(Int reduced to 3.5%)
s f 6%s of 1926
1978
J-D
1957
A-O
♦62
1945
agree
•16%
15%
1904™--_Z._1954
•12%
1942.
5.
Nov.
1942,
5,
.
..
17%
81%
76%
62%
85
(Int reduced
to
3.375%)
1979
A-O
1957
f 6%s of 1927
s
A-O
♦70%
76
16
76%
62%
85
(Int reduced to 3.375%)
(Central Ry)
A7a
1979
A-O
1952
J-D
1978
J-D
68
68
2
65
84
59
New South Wales
77
External
Stamped pursuant to Plan A
(Int reduced to 3.5%)
—
External
funding bonds of 1931 due_.1951
Stamped pursuant to Plan A
68
60
3%s
Series
No.
3%a
Series
No/ 3
( 59
3%s
Series
No.
4
: 58%
2.
58%
-
6
60
Series
No.
5
60
Series
No.
6.
*60
68
3%s
Series
No.
7-
*65
3%s
Series
No.
8
3%s
Series
No.
9
♦78
3%s
Series
No.
10
*80
>:
:.t 3%s Series No.
11
56
>
3%s Series No.
65%
68
63
77%
v
m-mrn
>
56
*54%
Series
No.
13
*54%
Series
No.
14
55%
56%
3%s
Series
No.
15
55
82
I
3%a Series No.
16
-v,
3%s Series No. 17
70
65%
3%s
i;
No.
19
Series
No.
20.
3 %s
Series
No.
21—
3%s
Series
No.
3%s
Series
No.
3%s
Series
No.
24
3%s
Series
No.
25
3%s
if';..
Series
3%s
;•
65
57%
A4%s
64%
56
65
59
Series
No.
26
*54% ,59
*54%
-■
i. mm
-
17
•
65
60%
55
i
of)
i 100
99%
*104
1947
7s
65%
22
56
56
23
55
56% :
56
56
56
75
56
59%
65%
55%
65
55
65
*54%
6
fe
15
-
*54%
-
56%
55
55
3%s
Series
No.
29
30
*55
25
*58
Series No.
28
•■'.
:
55%
;
3%s
1957
external
of)
.
*-
1
,
>
ioO
14
-
F-A
100
100%
60%
18
♦1007/a
43
external
J-D
101 y4102
7
M-S
99
99
Af-S
97
97%
1976
F-A
: 96%
97%
1976 j.
A-O
•j 97 %
98%
99%
99%
92
92
1975
Af-N
f $ bonds
s
1984
J-J
30-yr 4s
—1960
(Dom of)
25-year 3 Vis
1961
V 2%S
ACarlsbad
A Chile
Jan 15 1948 ,
1954':
(City) 8s_;
(Rep)
;
-
;
s
A 6s
.
ZZZ,
■
'"i 100
99
-
loan
s
f
17% -18%
132
18%
63
17%
19
1958
*13%
1947
*21
_Zl968
assented
12%
*14
1950
ARy external
A6s
;
6s
f 6s
1960
_J;.
*40
57
*ZZ
•;
86 %
46
A6s
/
40
87
10
88%
14
90%
42
40
39
41
43
75
85
100% 100%
•y
:
40
;
2001
V;-: --:
108%
:
100%
(Int reduced
102 %
external
37%
1966
1926
21%
21%
assented
1963
assented
A6s
A 7s
1961:
1961
assented-—
Munic
For
footnotes
see
21%
21%
♦19%
23%
J-D
19%
1893.
39
42
19%
19%
19%
19%
28%
28%
19%
18%
18%
rl6
-
;
29
29%
19%
28%
:
I
MARKETS
/
r.ABl MARKS 4 HO. Inc.
FOREIGN SECURITIES
SPECIALISTS
29
19%
27
18%
28
10
37
'
50 Broad Si., New
York 4, N. Y.
29
19%
.16
FIRM TRADING
28%
19%
23%
19%
For Financial Institutions
-30%
23%
-
•*T*P
2004
FOREIGN SECURITIES
30%
21%
v£Z';'-:Q;
29%
21
:
2.25%)
30%
22
MS
5s—_—1951
-
21
24%
MS
page
30%
22%
24%
Af-N
196(1
—I960
(Hukuang Ry)
20%
21%
Af-N
1962
7s,
assented
AChlnese
30%
21
A-O
reduced to
40%
46%
30%
A-O
1962
assented™——
Cons
21%
*21
J-D
(Int
30 %
21%;
J-D
1961
assented—
AGuaranteed sink fund 6s
AChilean
21%
J-D
35%
1967
Stamped pursuant to Plan A
>
Telephone HAhover 2-0050
47
£4i:,K'
38%
37
2004
j.
33%
34 y8
30%
J-D
1957
1961
2.25%)
50
^T 45
38%
30%
21
21%
Af-N
reduced to
municipal loan
37
8
30%
22
M- N
1957
37%
30%
21
A-O
1963
52
30
21%
A-O
45
30
21
t
A7s
48:
35
43- ;
♦33%
2012
2%)
to
loan of
(Int
v
; 63%
22%
M-S
..1962
47
20%
50
f
37%
40
Stamped pursuant to Plan A
A7s
103%
42
*__:i
1999
1968
(Int reduced to 2.5% )
;
sink fund gold
A6s external
114%
11
37
|
Stamped pursuant to Plan A
112%
108%
J-J
Sep 1961
1962
AGuaranteed sink fund: 6s
A 6s
".45
£52%
37%
"5 z:
1953
2012
(Int reduced to 2%)
100h
1
43
(State of)—
A 8s extl loan of 1921
™,™1946
99
33
21%
21%
—
J-J
ASinking fund 6%s
•
,47
>
Rio Grande do Sul
94
£
M-S
Mortgage Bank 6%8
A6%s
48
39
1047
1946
101
74%
1
■V
21%
.
F-A
Sep 1961
assented
A6V2S
33%
y 24'
41
__
*80%
101
F-A
AExternal sinking fund 6s
A 6s
32%
24
45
2001
1966
Stamped pursuant to Plan A
(Int reduced to 2.375%)
sec
6%s
101
;
22%
A-O
Jan 1961
fund 6s
AExternal sinking fund 6s
A 6s assented
AChile
23
31
12
'T2
♦12%: 14 S?
*—
2006
101%
22
\ZZ
A-O
Jan 1961
assented-
>
*.
r:
4
20
1963
1961
AExternal
104
95%
M-N
M-N
Feb 1961
s
30%
30%
la
it
;r.
33
16%
20
12%
46
17
:
1940
7s
1952
103%
9
108% 109
100% 100%
J-J
1960
fund
A6s assented
AExtl sinking
44
£
17%
34
17%
1961
A4%s assented;
103
1
"
■
106%
40
I960
*31%
64%
38
6,.
17
108% 108%
i&w.
J-J
Feb 1961
assented
sinking
108%
J-J
1942
f 7s
-£ AExternal sinking fund 6s
AExtl
A-O
1942
External
assented
A7s
102
98% 100
39
1959
ser
Stamped pursuant to Plan A
Canada
103%
105
^
Queensland (State) extl fis —
ARio de Janeiro (City of) 8s
64%
99%
v
j[.
f'-'-ZZ
1961
•Refunding s f 4%-4%s—
External readj 4%-4%s
External s f 41/2-4%s
3%
T
105%
APrague (City of Greater) 7%s
65
58%
mmmrn
69
1977
4,/8-43/bS
f
103
99%
41%
2008
7s
f 6s 1st
s
Stamped pursuant to Plan A
(Int reduced to 2.25%)
(Province of)—
stamped
s
M-S
1958
1950
(City) s f 5s
Sinking fund gold 5s
Sinking fund gold 6s
Aires
107 y4
99%
_2 );
Stamped pursuant to Plan A
Brisbane
A6s
107 y4
101
-
£
65 fc"
;
No.
External
107 V*
100
"3
100%
"
(City of) 8s
Stamped pursuant to Plan A
(Int reduced to 2.375%)
AExternal loan 7%s
65
55
Series
Buenos
101
19
.
101
100
42
103
*100% 103
1994
AExternal sink fund gold 8s
65%
56
''v
*99
A.1963
APorto Alegre
65
55
59
55
-
3%s Series No. 27
3%s
'*?*'<•'
'£■'
57
56
(Rep
AStabilization
J
57%
■;'59-
*54%
18
ser
1A Poland (Rep of), gold 6s
A4%s assented..
'
No.
-
105% 105%
1963
65%
■t 55
'-.•11
% 105
*104% 106%
1970
1955
ANat loan extl s t 6s 2d ser
65%
-
35
—
65%
64%
7
•
£ 104
1963
ref 3%s series B
(State
46
s
100
;
1965
1967
sec
42 V*
38
$
*100% 105
104%
1956
4%s
(Rep) extl s f 5s
ANat loan extl
55%
J
39
40
*35
1957
;
fund
40
35%
—
2008
A Stamped assented 5s
Stamp mod 3%s ext to
APeru
58
56
Series
5s
Stamped pursuant to Plan A
(Int reduced to 2.125%)
: 57%
12
3%s
3%s
♦54%
82
77
56
''
:
/'V'-£'
84
79%
•82
82
♦35%
39
(State)—
s f 5s
sink fund 4%s
APernambuco
77
78
38
2008
Ext
.1:
68%
60
1
^
APanama
68%
59
35
60
3%s
3%s
f
s
sink
Oslo (City)
58%
'-15
•
-
59%
3%a
68%
58%
59%
•
76
60
,
60
♦17%
agree
1959
Municipal Bank extl
*65
15
14
—
..
™_1958
4s sink fund extl loan
(Int reduced to 3.375%)
1979
External $ bonds of 1944 (Plan B)—
3%e - Series No.1_—rr->r--,..-,fT~..T.
:
6%s
Norway (Kingdom of) 4%s
♦62
8%
.i
f
s
Stamped pursuant to Plan A
(Int reduced to 2.125%)
76%
58
1
,72
72
—
external
A See external s f 6%s
Stamped pursuant to Plan A
"
18%
„
(State)—
Stamped pursuant to Plan A
(Int reduced to 2.125%)
58
~5
74
Geraes
ASec
Stamped pursuant to Plan A
AExternal
13%
11%
82%
60
"2
16%
♦24%
16%
10%
—
*14
1933
22
12%
.
♦18%
1945
--
mmmm
,
♦10% " 12
agree
^Assented to Nov. 5, 1942, agree
Minas
64%
78
81%
11%
n
21
SATreasury 6s of 1913 assent
AAssented to Nov. 5, 1942,
■
AExternal
32%
30
31
•21%
Nov.
AAssenting 4s of
101%
105
——
117%
•71
—
'
-
,
24
10
♦21%
AAssenting 4s of 1910
M-S
1955
104%
102
—
1945
AAssenting 5s of 1899
103%
'1Q0% 101%
f 6*-,,,
101 ye
♦13%
106%
101% 102 %
ioi y8
8
19 ya
102
95%
100
•97
I960
stamped assented
AMexico
101%
External
22
11
100
8
2
■
>
104
11%
ISC;'
:r;ir%
101% 101%
11
;
♦29
112%
M-N
Belgium external 6%s——1949
111
104
*105%
J-D
1954
-
102
F-A
19
5oy«
50
50
*—
1957
A4%s
1956
4%s of 1928
10-year 3'As—
^—
M-S
102%
Mexican Irrigation—
1958
External g
J-J
103
•100% 101 %
A Jugoslavia
104%
96%
3
109% 110%
109%
A-O
103
100'
*100% 101%
AMedellin
'f- vv'.»
99% 104 '
3
99{|.''"
99 it
J-J
33
«'
12
*101
A-O
,
131%
V
M-N
101%
100 y8
33
100
7
102 ya
>
__
M-S
1964f'
paid
Haiti (Republic) s f 6s series" A
Helsingfors (City) ext 6%s
30%
mm mm
y,"
—
1949
1949
paid
part
25%
27
*100%
ioi
1967
A6s part
3
v
>
A-O
104 y*
90 y»
101
2
—
Government—
38
27%
:
27
" 27
Greek
97% 104%
28
27%
:*i8
£
85
85
*100%
1969
series
(Republic of) 7s
French Republic 7s stamped
7s unstamped
1;
25%
-«
25%
■;*18
£';l, V' ■
a:
a-o
Argentine
8
28
25%
a-o
AAntwerp (City) external 5s
1958
(National Government)—
2d
4
*
28%
27%
Jmmmr
'Vr
A-O
1961
series
4
;
■
mm mm
77
77
28
a-o
f 7s 2d series
1957
f 7s 3rd seriesT_1957
sec s
AExternal
103%
"M
J-J
*
;
101
M-S'
1940
1940
5y2s
AEstonia
1947
:
AGtd sink fund 6s
98%
101
1942
1969
1st
5%s
1
„
1942
ZZl962
extl
External gold 5%s
External gold 4%s
Teletype
York
111% 113
1955
20-year
Customs Admin 5%s 2d series
'jv- '.1'
104.
F-A
1953
jA2d series sink fund
-i."'!
111
108%
106
1949
'\
V-.''-"'
99 V*
39
22
23
M-8
1977
lADenmark
Exchange
New
58
100
blVi
1952
A Czechoslovakia
120
58%
59%
1953
;
(Rep of) 7s
(Republic of) 5s of 1914
loan
—
58%
Sinking fund 5%s
A Public wks 5%s
Wertheim & Co.
Telephone
91^«
90%
1947
6%s
*80
J-J
4%s external debt
Foreign Securities
/
High
81%
81%
58%
1
A-O
ACosta Rica
External
Low
No.
1970
bonds
25-year gold 4%s
Cuba
90
Since
January 1
Sold
High
90
Range
Bonds
A-O
.
4
REctor 2-2300
Bid A Asked
°ct 1961
Jan 1961
ASinking fund 7s of 1926--,
ASinking fund 7s of 1927
Copenhagen (City) 5s_
York Stock
Week'* Range
or Friday's
-
1927
external
AColombia
New
Period
Low
(Republic
a!8 of,
A6s of
3s
Members
Last
Bale Price
;£ Interest
High
Colombia
.19Q0
\'f,.\
Stock Exchange
V
Transit Unification Issue—
Corporate Stock
11
BONDS
Bonds
■>.
Bid A Asked
-Vuvl'New York CItyy,.;>
2%
OCTOBER
Week's Banco
Interest
Period
New York Stock Exchange
/;
;
FOB
-
Teletype N. Y. 1-971
THE COMMERCIAL & FINANCIAL
CHRONICLE,
Monday, October 14,194<ji
NEW YORK BOND RECORD
FOR WEEK ENDING OCTOBER
RANGE
11
BONDS
New York
Stock
,
Exchange
Week's Range
Friday
Interest
Last
Period
Sale Price
or
Friday's
Bid & Asked
Low
Rochester
Buffalo
&
Pgh Ry—
Stamped modified
(interest3% to May 1, 1947) due—
Bush
PFLUGFELDER, BAMPT0N & RUST
;
61
Members New
-
-
York Stock
Broadway
Telephone—DIgby
.
..
Terminal
Bush
Term
Exchange
New York 6
,
4-4933
Bell
1957
New York Slock Exchange
Interest
Last
Period
Bale Price
Teletype—NY
60
or
Bldgs 5a gtd——
(City) 8s
1952
Stamped pursuant to Plan
(Int
reduced
to
A6%s extl secured
2001
f
s
F4l',S
1957
Low
No.
vlst
48
(State)
.'4
2012
8s
—1936
Stamped pursuant to Plan
2.5%)
,
40
*66
i'0$U
1999
Stamped pursuant to Plan
(Int reduced to 2.5%)-
j-j
1950
67
1999
j-j
1956
Mr S
■:>—
4/
67
*54
to
2.25 %)
2004
1940
A8s
secured
A7s
series
*
■
A-0
1978
71
74%
10
M-N
1962
M-N
9%
9%
(Prov of)
A4%s
extl
7s
1958
assented
AExternal
sink
j-d
1958
•,,v-
F-A
1946
22 ■>':
*15
/
j-d
1955
Sydney (City) s f 5%s
i
AUruguay (Republic) extl 8s—
F-A
11
11
6s
1960
M-N
*115
AExternal sink fund
6s
.11964
M-N
*115
3%s-4-4%%
4i5«s
extl
95%
100
*86
.
•
conv
3%s extl readjustment
(City) external
A4%s assented
j-d
1978
;
1978
;
.7.
'jf>.i"
123
123
86%
7s
—1958
>98%:
j-j
,
85
1958
99%
"7%
i RAILROAD
Adams Express coll tr
gold 4s
Coll trust 4s of 1907
Alabama Great Southern 3%s_
1948
M-S
1947
1967
j-d
k
,
-4,
v';' /
7%
104%
r-t.
.
2d
' 107
1
106%
'A-0
'-n;
a
109%
114
,
116%
101%
M-S
130%
128% 132
128
1980
F-A
100%
debentures
120
1975
A-0
2%s debentures
l
Amer Tobacco Co deb 3s_:
3s debentures
100% 101%
101 Va 102
1986
J-J
1962
A-O
1956
5s
—2030
\-
*
;
M-S
M-S
conv
2%s
debentures
„—1956
debentures
2%s
AAnglo-Chilean
Nitrate
1969
i
deb
97Va
:
92
101'/a
>
Chic
107%
140
97%
1995
gold
A-0
-July 11995
4s
102%
105%
65
103%
Stamped 4s
Milw
107 V*
92%
"3 z
gold
July 11995
126%
4%s
&
Charlotte
Air
-—1946
Line
1st mortgage 3%s
Atlantic Coast 1st cons 4s
1963
Atlantic
&
—1964
126%
114
'
Danville
Ry 1st 4s—,-1948
Second mortgage 4s
1948
Atlantic Refining 2%s debs—,—1966
114
141
114%
St
conv
mtge
104% 105%
104 ya
107
A
1st
103
mtge
gold
13a
1 03%
37
38
30
32%
30
Paul
inc
&
Dec
1
101
105 %
37
;:84% W/k
July 1948
(int at 1% to "
due
——1995
1946)
'94;
Ref & gen ser
C
(int at lVi%
to Dec 1 1946) due
Ref & gen ser D (int at 1%
'
Sep
1
1946)
due
1995
73%
to
49
:.63%
(int at 1% to
*
Sep 1 1946) due
1996
ACopv due——
Feb 11960
Pgh L E & W Va System—
Ref
gold 4s extended to
,1951
94
107 Ve
104%
1
126 %
107%
135%
109%
119%
58
67
145
49
727
'
58
99%
93
17
1983
60
60
2003
36
34%
1994
1
3s
11999
B
ser
j
49
73
'
:
88%
90
—-1959
89
93 %
90
Certificates
of
deposit—I-
4s
J-D
——1951'
gold 4s_,
Beech Creek Extension 1st 3%s
1951
Bell Telephone of Pa 5s series C—1960
«-
Beneficial Indus
Loan
2%s
1961
Bethlehem Steel Corp—
Cons mtge 2%s ser I
Boston & Maine 1st 5s A C
1st M 5s series II
'/
1970
1st mtge 4s series RR
Bklyn Edison cons M 3%s
Bklyn Union El 1st gold 5s
Bklyn Union Gas 6s series
4s
s
f
4s
105%
109
100
107
A-O
*92
••
100
106%
105% 106%
j-j
84
86%
84
52%
56
49
84%
87
82;
108%
95
83
100
103'/4
IO8V2 ;
112%
105
107%
vfc. i05'A i05%-'
5s
cons
v;,'
w
,
'
■—
102%
1975
Div
1st
4s
100
111%
113%.
102 Vz
107 %
V
:
82'
."99
v/\; 81
,L
:
99%
81
84%
99 Va
108 V4
;
108
•119
72%
74,
1991...
1990
.
108% 121
—
76%
72%
1970
105
1948
%
93%.
110%
107% 110%
108% 108%
*103% 104%
Series D 3%s gtd
100
74
74
105:';
.
3%s gtd
1950
Cleveland Elec
Ilium
3s
Pittsburgh RR
—
r
107% HO
1961
Cleve Union Term
1972
s
gtd 5%s
f 5s series B gtd
1973
1977
1st s f 4%s series. C
45
45
45
85
104
4%s
1980
(stamped modified)
Columbus & H V 1st extl gold 4s__1948
Columbus & Sou Ohio El 3%s
1970
Columbus & Tol
103
106 Vs
106
110
1087/a
105%
24
104%
108 y*
50%
39
105
1st extl 4s
48
_>
*104%,
45%
84%.
105
—
109% 110
*115%
1955
116%
105 7/a
10514
.
107%
104
105'/a 106
50
5
13
16
106%
105%
12
100%
108 %
111%
—
116
116
48
107
110
110
—
111
Commonwealth Edison Co—
107%
1st mtge 3s series L
Conn Ry & L 1st & ref 4%s
1977
107
1951
*108
1961
*106% 107%
1965
104% 104%
1
101% 1011/4
18
102 %
6
1041/2 104%
1
M-N
103% 105%
106% 106%
Conn River Powr
*106%
1947
M-N
*102%
102%
Consolidated Edison of New York—
M-S
M-N
j-j
103%
103% 103%
105%
105% 106%
99% 100
105%
*101% 102%
102%
99%
99%
106%
107%
Consolidated
s
Cigar
f
3%s A
Corp
3%s
3%s
debentures
1948
100
3%s
debentures
1956
106%
3%s debentures
1958
101%
102
105%
107
103%
105%
101
103
101%
104%
104%
106%
1893.
»
107%,
111% 112%
1993
1st colL tr gold; 4s
..;
102% 102%.
*
1961
4'/as series E
65
102%
V;:
_1966
—
(MM
"
63
42%„. 03
43%
66V4 67
102 V*-102%
43
Vx
1969
1974
debs
108%
42Y*
,43
43
1943
F-A
1969
page
83%
106%
1962'
vGeneral gold 4s
M
-
♦79 ya
1952^
&
^
103% 104
107 % 107%
1966
A
106
Colorado & Southern Ry—.
M-N
F-A
103
■(',
r,
1952
1950
debentures
see
101
100
*92
Gen
mtge 2%s
1976
Buffalo Niagara El 1st mtge 2%s_1975
For footnotes
133%
100
100
1955
,127%
101% 1017/a
101%
M-S
M-N
1960
13
98%
j-j
July 1970
4s
Wab
97
1967
1961
AInc mtge 4%s ser A
t A Boston & N Y Air L 1st
95%
.1955
1st gold 4%s series J J
11Q...
100
,
1957
1st
98%
105%
*94%. 103
/
105%
127% 128%
M-N
106.,
100%
•
1963
conv
Cleve Short Line 1st gtd 4%s^
127%
39%
105%
St L Div
104%
81
19%
105% 105%
104%
97
43
26.
J-D
1977
97
52
21
1963
1st mtge 3%s series F
1st mtge 2%s ser G
& impt
96
72%
46%
!M
J-D
1951
Ref
97%
1951
V;92'/b
38%
23
Series C
1951
stamped
106 Va
63
46
49%
Cleve Cin Chic & St-Louis Ry—
i
64
66%
39%
69%.
'
M-N
City Investing- Co 4s
60.
.64
M-S
Cleveland. &
Con ref 4s
96%
100.
ax
.67.
1993
104
107'/a
73%
•—
,
ig8n
General 5s series B
Bangor & Aroostook RR—
74%
48
63
4s
103
-
104% 105%
,
55:
.
/ 69
1989
lst mtge- gtd 3%a series E
1st mtge 2%s ser G
96%
42%
84
82
.
54%
110 %
*•
4%s—jan
inc
83%
2044
58
107%
|-
104% 105%
104%
Jan 1 2019
_Jan
80
31
37
104
RR^-~~
ser A
60
62
1956
Cine Gas & Elec 1st mtge 2%s__
Cincinnati Union Terminal-*-
V-68%.
91
103%
1997
Cin
91
106 V*
96
1952
.
>
119%
109
44
70% 103.
67%
151%
105
5
ZZl977
{AChoctaw Ok & Gulf
99
77
136
30
106%
126% 126j/4
♦122
124
32
36%
1989
1st & ref 4%s series D
tJAChllds Co deb 5s part paid
5 ADebentures 5s part paid
105.
59
44%
M-N
SO,
100
23
140
105% 105%
Chicago Terre Haute & S'eastern Ry
1st & ref M 2%.4%s
1994 Income 2%-4%s
1994
Chicago Union Station—
;
107%
§v/z
62%
S'west Div 1st M (int at 3%%
to Jan 1 1947) due
1950
Toledo Cin Div ref 4s A
94%
96%
..
43%
102
Z_ ~1985
Zl982
Pac
City Ice & Fuel 2%& debs
2000
.
Ref & gen ser F
"
65%
'
52 /
105
108%
105% 110
48
ZZZZZZZl970
B
ser
;■$ MeraPhis Div
to
Ref & gen ser A
60%
56
!
106% 113
—
1985
Gold 3%s—
38 Va
101%. 101%
>
-
4%
1
20
44%
106
gold 4%a
.—I960
Chicago St L & New Orleans 5s—1951
118%
July 1948
at
35%
1996
B__Z
B
Chic & West Indiana
bonds—
(int
23
1996
a-o
113
102
Oct 1 1946) due
24
69
102»/al02%
1934
.-v.
Stamped modified
194
•43'/a
—
Baltimore & Ohio RR—
1st mtge gold 4s
28'/a
27
•105%
SARefunding gold 4s
v
104% 105
103
J-J
109%
106%
61%
26
1958
ser
conv
A General
131%
M-S
J-J
108
88
—
94
105%. 105%
105% 105%
105%
1st 5s stpd
partial redemption
1927
{Chicago Rock Island & Pacific Ry—
113% 124%
J-D
x
85
44 y* '
87%
26
23 %
105%
A Conv
J-J
33%
{§AChicago Railways
J-D
M-N
33%
10ya
30
1965
;
3%s
1st mtge
•
Ry—-4:
July 1952
General unified 4%s A
10%
93%
26%
24%
SASecured 4%s series A
Atlanta
108
28
-
1942
Chicago & North Western Ry
99%
94% 104
126% 128%
113% 113 %
M-N
-
>>
^ ■
29.
IZZl989
4s-
Gen mtge 4%s Inc
i
2nd
Nov
Atl Knox & Nor 1st gold 5s
•109
:
25%
4s
Adjustment
'96:
85
46%
-
^
1st mtge 4s ser A
100%
87
Atchison Topeka & Santa Fe—
General
105%
U
07%
37
1974
Alst mtge 4s ina ser A__
A 2d
mtge 4'% inc ser A.,
Chicago Ind & Sou 50-year 4s
i
107%
98%
Q-J
103%
4s series A
1988
AGen inc mtge 4%s—
Jan 12038
128% 1591/8
100%
Jan
1995
25
.
107
{Chicago Ind & Louisville By—
103%
103
102%
Chicago Gt West 1st
no
103 % 104%
103
A-O
1967
Ann Arbor 1st gold 4s
101%
v98%
39
21
1992
<-.4
,
consol
1st mtge
American Telephone &
Telegraph Co.—
3s
■?;.
-
>
91
45
'
1974
Chicago & Erie 1st gold 5s
97
104
101% 101%
debs
t,
Z
103% 121
107%. 109
—
Chicago & Eastern 111 RR—
A Gen mtge Inc
(conv)
103%
105%
106% 107
2s
1
'
78%
16:
gold"4sll949
gtd
1st & ref 4V2S series
1st & ret mtge 3%s
1st & ref mtge 2%s
105 %
101% 101%
Mfg
Foreign Pow deb
«
-
General 4s
102%
,
113%
;
:
~
{AChicago & Alton RR ref 3s
1949
Chicago Burlington & Quincy RR—
17
104%
,
105
107
21%
COMPANIES
104%
101
>103
•
91
18'-
■
106%
Allis-Chalmers
Am &
.
99%
83
6
ZV"'
8%
<*—
•100,
.
12
1907
Ref & impt mtge 3%s D_
Kef & impt M 3^s series E«
R & A Div 1st cons gold 4s_
99%
90
20
-
INDUSTRIAL
/
M-N
JtJ
A-0
.....
1st
mtge 3%s—'—1972
Albany & Susquehanna RR 4%s__1975
Alleghany & West 1st gtd 4s
1998
AND
86
24
86
/ 20
F-A
:
92
i
'U F-A
108%
103% !P37/a
103% 103%
•73
78
~~1987
Champion Paper & Fibre deb 3s
Chesapeake & Ohio Ry—
-
100
87
,
96%
F-A
.
1984
AWarsaw
96%
1U% 116%
21
;
^
■
—
94%
-
M- N
T
105%
108
' '
I
General gold 4%s
'M-N
123%
•74
1961
*(4** to A"rl 1949)
§ A Central RR & Banking Co
5s stamp
(partial redemption)
20 > ;•'
■
4-4%-4%s extl readjustment
Alabama Power
25 '>
104%
($ bonds of 1937)—
External readjustment-———1979
External conversion
1979
37/8-4Va
~~ J
Central Pacific 1st ref
1st & ref series A
120
1
118%
112% 112%
1987
Central N Y Power 3s
123
.
2
1966
registered
20%
*120
fund
124
104
£96?
gtd 4s_—
21
lTvv;-'
119
69
8 '
98 y4
2
.
113% 118
115% 119
1
5s
registered
AOeneral 4s
77
>16
W' 5
-;
101% 101%.
gold
9%
1
28
1
119
118% 118%
J
4sZZ~'1948
of N J gen gold 5s
A 5s
-
8% ,'•9:
113% 113%
•114% 115%
_Noviq4s
{ A Cen t New Eng 1st
A4s
1962
125%
£955
ll1In0ls Light 3%s-
85
64
119 %
~
61
71%
85
31
V119
series B
195g
& een 5s series C
—1959
AChatt Div pur
money gold 4s
195T'
§ A Mobile Div 1st gold 5s
—1946 1
64
54
108
125
119% 1197/s
106
^ gen
*
60
'
ASilesia
.
61%
55
.•'vS'-jvj 59%
«
69%
54%
—
§AConsol
(Kingdom)—
extl
sec
60
'"•-iy-fvZ'. h<yp:
105
109%
1197/8
IIIZIIZIl95^
Corp 3s debs
a
external
B
A-0
:>
104% 105%
7
iqsfi
§ A 1st mtge 5s
A
(Int reduced to 3.5%)
Serbs Croats & Slovenes
j-j
109
3
19<U
3%s debs
ACent Branch U P 1st
gold
{Central of Georgia Ry—
55
*54
A
(Int reduced to 2%)
5 A Secured s f 7s
1
Stamped pursuant to Plan
j-j
2012
Stamped pursuant to Plan
j-j
1968
A 6s extl dollar
loan
%
4',:.
Stamped pursuant to Plan A
reduced
71
1
104% 104%
19™
Celotex Corp
A
A7s extl water loan
(Int
71
j-j
; 67
104
109% 112%
•105
1981
Ce anese
71
65
-f-
104%
Can Pao Ry 4% deb stk
perpetual
Carolina Clinch & Ohio
4s.19^
Cart & Adir 1st gtd gold 4s_
43
31 Va
A
(Int reduced to
A8s external
7
13
109'%
1962
5s_ZZ
gold
Guaranteed
45
39
■
60
j-j
1976
gold 4%s
gold 4%s.
Guaranteed gold 4
"
5 A San Paulo
M3s
5S-!ocVlflM
gold
Guaranteed
Plan A
(Int reduced to 2%)
92%
31
.58
30%
56%
104
107%
85% 106
w-
91
105
105
1974
Guaranteed
54-Z
41
1
Guaranteed
High
48
;;:,vr
/SB
41
,60.
48%
85%
Canadian National gold 4%s
Range Since
January 1 "
Sold-
—,;1
65
80
1-310
Bonds
High
/
A
2.375%)
Stamped pursuant to
•
ar-N
66,
30
•105
1960
gtd 5s A
Friday's
Low
SASan Paulo
1952
—1955
Calif Oregon Power
3%s
Canada Southern cons
Bid & Asked
High
;
Week's Range
Friday
Low
3?%
^
4s
5s
California Elec Power
BONDS
January 1
No.
at
deposit-
1st
Consolidated
Bange Since
..Sold
v>
—,1934
A Certificates of
Bonds
'i-.r.v'.
{Burlington Cedar Rap & Nor—
t Alst & Coll 5s
High
•nfWMi-Vi'
jj/olume 164
Number 4533
BONDS
New York
Stock
Friday
Interest
Sale Price
Fridftj
>
Low
V
deb
non-conv
4s—^_1954
ADebenture
4s
4s
1956
Debenture
A Cuba
receipts
RR
1st
5s
A 6s
B
ser
High
1st
&
ref
M
5s
--
102% 103 V*
•
102%
20 V*
54
95%
93%
—
103
102
102% 102%
*103%
87%
James Frankl & Clear 1st 4s__
—
102% 103 %
Jersey
89 V2
92 y2
47
50 Va
47- V
108%
Central
Pow
& St
88
104
104
110%
Jones
& Laughlin
Steel 3%s—
—1936
*
52
54%
7Va
1955
7
mtge 3 Vis
1st cons mtge 3Vas
42%
106 y8
109
107% 110V*
1st
•45
91%
*105
45%
113%
-
114
91%
105
54-
120%
1970
105 Va 105
122%
155
*101% 102
1965
.1959
53 Va
98 %
157
102
*149
1950
.1961
.1997
.1964
104% 106%
121% 122
1995
102%
101 Va 101%
.
*100%
—
*100%
—
Va
105
106%
112Va 112 V*
111
127%
>*98
124%
124%
87
112
,
series
A
2015
ser E
76%
103%
75
77%
*92%
97%
97
'
88
95
87%
106%
103
♦99
1990
G
ser
>
1964
F_,
106
71%
i92
38%
106
106
74%
34%
-
106%
2000
1953
mtge 3%s
1971
*33%
38 Va
38%
105 %
60%
A
Certificates of deposit
Francisco Sugar coll trust 6s—
48%
75
105%
78%
*127%
*100'A 102 Va
Alst & ref 5s series A
36 Va
44 Va
'•
Firestone Tire & Rub 3s deb
^Florida East Coast 1st 4%s
43
36%
115
69
~
115
*118
79
118%
104
■■'*—
104 Va
*103% 106
105
*114
Gas & Elec of
Berg Co cons 5s
1949
General Realty & Utilities
Corp—
A4s conv ino debs
(B F) Co 1st
mtge 2%s_1965
Grays Point Term 1st gtd 5s
1947
Great Northern Ry Co—
>
series
C
ser
116
78 %
76%
>101% 101%
101 Va
76%
V*
89
105%
102%
102%
116%116%
115%
107 Va 107 Va
122%
131%. 140%
121
134 Va
*100% 103
:
95
97
104% 104%
1973
131% 131%
1976
121
1977
4%s series D
4%s series E
mtge 2%s
105
104 V*
106 % 106
1952
Gen mtge 3%s ser N
Gen mtge 3VeS ser O
Gen
104
—
>
General 5%s series B
5s
*101%
1969
Goodrich
General
107-.V 107 Va
123:
111% 111%
107& 110 A
100
107
99
107
95%
100 Va 100 Va
..1990
100%
•
2000
P
99
99%
1982
95 V4
95 Va
2010
86%
87
86'
91%
—1961
97%
97%
97%
99%
70
79.
—....
-Gen
mtge 2%s ser Q
Gen mtge 2%s ser R
AGreen Bay & West deb ctfs A
A Debentures ctfs B
Greyhound Corp 3s debs
—•
.
■
7%
—
1959
87%
*
102
1976
98
103Vi
104
107
105%
108%
99 Vi
103 Va
28 Va
*100% 1017/a
*20%
104
101%
21%
*100%
—
*
108 Va
*
99%
109% 109%
*40
Hackensack Water 1st mtge 2%s—1976
Hocking Valley Ry 1st 4%s
1999
t§AHousatonic Ry cons gold 5s
-1937
Household Finance Corp 2%s
1970
1st
s
f 5s series A
1962
Hudson Co Gas 1st gold 5s
1949
Hudson & Manhattan 1st 5s A
^.1957
AAdj income 5s
Feb 1957
100
>-
*119
100
1
100
139 7/a
*90
99 %
100
79
100% 102
105
107
113
64
75 Va
*109% 110%
110 %
94
113%
59
63 %
105
59
80%
24
26%
140
24
45
68
Illinois
23%
Telep 2%s series
Central
A
1981
Collateral
68
1951
104
1
104
110
1951
100 % 100%
4~-.
100 %
104 3/4
1951
100 Va 100 Va
5
1951
gold 4s
4s
t
Purchased lines 3%s
Collateral trust gold 4s
93
—1955
—1952
91%
100
104%
102% 103%
108 Va
74%
89%
83%
98% 103%
103 Va 103%
LO
88
93
72%
76%
12:
1951
1st ref 5s series A
1st &; ref 4%s series C
see
D
page
72%
.V
106
102
__
2
98
■56Va
65%
97%
58 %
106
102%
106
99%
103
93%
102%
97
106%
2
99%
98%
106%
105%
103
—
;
6
3
•
1951
—
Joint
ser
-
2
1951
—
102
94
105% 106%
106
L7
*—
78
108
107
94
._
46%
103
102%
97%
—88
6
89%
-1951
3s
Springfield Div 1st gold 3%s
Lines 1st gold 4s
Registered
HI Cent an 3 Chic St L & N
O—
footnotes
7
*107
Western
For
88%
100
14%
66%
65 Va
100% 104 Va ;•=
5
93
1950
Gold 3%s
mtge 4s
88
100'
93
,88
Omaha Div 1st gold 3s
,,—1951
St Louis Div & Term gold 3s
1951
1st ref
„
1955
1966
gold 3%s_1953
v
104
1953
Refunding 5s
40-year 4%S
Cairo Bridge gold 4s.,
Litchfield Div 1st gold
Louisville Div & Term
64 %
103
*68
1952
trust
Refunding
102 Va
65% 103
RR—
1st gold 4s,—•—
1st gold 3%s
Extended 1st gold 3%s
1st gold 3s
sterling
97
i
104Vi
41
*
Illinois Bell
108
103
109%
104 Va
,100
20
63 V8
19
150
100
100
77%
104
139 Va
.
75
103%
*__
104 V*
99 V*
1969
75
89%
103.
96
103 Va
107 V*
98%
63 Vb 100
.
104%
1975
2015
1st & ref 3%s series D
Gulf States Util 1st M
2%S
—.
73
101
17%
103
Gulf Mobile & Ohio 4s series
B
Gen mtge inc 5s series A_
Hudson Coal
108 Va
107%
34
35
106%
106
108
.1961
120 y*
91%
.v
35
123 Va
72
65 Va
.1961
75
57
63
65
107%
122
.1961
76-
83 JA
105
104%
.1987-
109
107'/* 107 y4
1956
H
ser
.1975
.1974
29V*
108 Va 108'/a
1965
ser
85 Va
107 V*
99%
*
mtge 3VaS
1st cons 2s
.1950
29%
7
106 Vs
42%
1963
->Erle Railroad Co—
Gen mtge inc 4%s
7%
8%
8%
47
108% 108%
1978
stamped
'
General
/ General
109 %
105%
46
Western RR—
East Tenn Va & Ga
Div 1st 5s
Ed El 111 (NY) 1st cons
gold 5s
Electric Auto-Lite 2%s debs
.Elgin Joliet &.East Ry 3Vis
El Paso & S W 1st 5s
.
105 V*
71
Vv 79%
48%
80
54
Duquesne Light 1st M 3s
ifi
105
70 Va
46
*—
>
102%
103%
102 y2102%
2%s.
73%
108% 108%
1936
1961
Det Tol & Ironton RR
2% ser B—1976
Dul Miss & Iron
Range Ry 3%s^
1962
*§ADul Sou Shore & Atl
gold 58—1937
Div
85 Va
64%
55 %
*102%
Detroit Term & Tunnel 4%s
5 Ohio
97'A
107 Vi
17
—
*57%
cons
106
105 V*
52
Gen & ref 3s series H—•
1970
Detroit & Mackinac 1st lien
gold 4S.1995
A Second
gold 4s
;
-—1995
,/., t 1st
High
106%
96 %
51%
Detroit Edison 4s series
F—,1965
Gen & ref
mtge 3V2S series G
1966
V
95
98 %
60
*102% 103
1973
A Assented
;
ARef & impt 5s series B
1st cons
Low
107 % 107 Va
102 % 102 %
____May 12042
A General s f 5s
i
31
96'
Range Since
January 1
1973
§AConsol gold 4%s
tDenver & Rio Grande
5s
Sold
No.
1993
ser
§Alst consol 4s
»:
Bonds
107V2
C
mtge due—
Essex division
Coll tr 4-6s
>
95 %
*95
J-D
—-
Delaware Power & Light 3s
tDenver & Rio Grande RR—
v
60
103 Va 104%
J-D
1946
Alncome
&
*27 V*
95%
*3'7
J-J
Dayton Pr & Lt 1st mtge 2%s
1975
Dayton Union Ry 3'As series B—1965
Deere & Co. 2%s debs
.1965.
Delaware & Hudson 4s extended
1963
Delaware, Lack & West RR Co—
N Y Lack & Western:
div
Morris
# OA
—
1946
deposit rets
--
102/a
J-D
1952
A
Deposit receipts
A7V2S ser A deposit rets
/
J-D
"■<'
gold
103/2
J-J
Steel 3 Vis s f debs—.—1955
1A Cuba Northern Ry 1st 5V2S
1942
Deposit
High
105
--
M-S
Crucible
A
or Friday's
Bid & Asked
—
J-J
Consumers Power 1st mtge 2%S—1975
Continental Baking 3s debs
1965
'0;'
.
J-J
1955
A
Sale Price
Low
'
JAConsol Ry
Lost
Period
Bid & Asked
Week's Banc*
Interest
Week's Bange
Last
Period
Exchange
.48
79
106 7/a
_1963
98
76%
102
—1963
1893;
\
*98
99%
101% 102%
1963
70%
96%
105% 106%
100
103%
101% 105%
103%
106%
106
HO
1892
..-V'' '"i.,
1
V'
YORK BOND RECORD
NEW
;
y,;:,:
BOND*
Friday
:
Interest
Stock Exchange
Tork
Neil
>
or
Sale Price
Period
Consol
Gas
5s
oons
FOR WEEK ENDING
bonds
*107
Low
New England Tel & Tel 5s A
1st gtd 4%s series B_.
1952
109% 109%
109%
,>1961
123% 123%
123%
127%
N J
-95%v-•
\v
M-KX
Junction RR gtd
98
118
103
102
1952
104
104%
104
108 %
1953
104
104
103
1111/*
73
73
*__
87
85
91
1983
New
A
Certificates
A 1st
A
5s
of
5s
1954
5%s
series
ACertificates
N
Y Central
Ref
&
of
•
series
Shore
A
1st
J-D
103%
1967
103%
*101% 102 7/a
10%
11%
N
1974
lst s f 4s
deposit
1937'
Y
100
91%
•
guaranteed 4s
I
cons
4J/2s
J
cons
guaranteed
1997
92
100
95
1998
73%
97%
80
93 %
1980
J-D
A-O
1975
98%
Pitts
Stee) lst mtge 4%s
1st mtge
1951
F-A
1966
1948
J-D
15
102%
1
99% 101
'-St.'
*
F-A
*106%
M-N
A
2043
B
II2043
J-J
A
1973
M-N
1973
M-N
APittston Co 5%
mm*.'.
1st mortgage 3
w ■.'■y'j
'mmm
I'S'zX
110
118%
115% 115 %
*.i.
112
115
113
86%
84%
;
91
*—
.
119%
ref
&
ref
1st
ANon-conv
deb
4s
-ANon-conv
deb
3%s_—„
ANon-conv
deb
30%
36%
36
27
A-O
30
35
69
30
J-J
30%
38
230
32
trust
A
30
75
38%.
&
ref 4%s
67%
J-J
30
36
184
J-J
38%
44
"l940
"11957
1967
1927
«
Putnam lst
«
1955
__
N Y Power & Light 1st
mtge~2%sll975
cons gtd 4s
N Y Queens El Lt & Pow
N Y Steam
-
314
.
General 4s___:
;1993
3%S—1965
Corp lst 3%s
1963
A-O
70
69
M-N
17%
J-D
37
M-N
M-S
11%
M-B
101
74
—
M-N
J-J
.
'
■
310
21%
42%
.312
:
gold
§ A Terminal
5s
1st
1940
gold
ZIIIl043
5s
15 A N Y West '& Bost 1st
4%s__..1946
Palls Power 3%s
1966
Niagara
Norfolk Southern
Northern Pacific Ry prior lien 4s„1997
4s
registered
1997
Gen lien ry & Id
gold 3s
Jan 2047
...
3s
10%
registered
107%
Reading Co lst & ref 3yes ser D..1995
3y4s
1960
t§ARio Grande West lst gold 4s__1939
A
F-A
37
42
14%
32%
M-N
95
100
J-J
17
49
"Gen
Gen
—...1977.
1967
1967
mtge 4%s series D
mtge 3%s series H
mtge 3y2s series I
Gen mtge 3 Vis series J
t§AR I Ark & Louis lst 4%s
.
,
*118%
A-O
143%
MS
133%
1934
Q-J
'109% 110%
109%
107
Q-J
Q-F
69%
71
"
50
107
73
109
90%
92y4
Ref
&
J-J
94
92%
96%
24
&
impt 5s series C
impt 5s series D
2047
Ref
2047
J-J
—
95
96%
22
1975
M-S
98
97
107
122%
69%
51
98
Coll trust 4%s
—
7*66
73
^
112
110
95
112
101 %
Grand Island
& Adir
~
106%
106y2
(Minn)
1074
101% 101%
101%
108%
*235
lst
1975
101 % 102
101%
106%
1964
108 % 108%
106%
108%
1st mtge ,2%s
mtge 2%s
mtge
\$Lir
' " J-J
M*101% 102
i
96%
Af-N
Af-N
J-J
7
~
7
96
98
51
49
52
ACertificates
APrior
3%s
lien
of
Af-S
-
10
♦103
J-J
10 Vz
series
5s
.
4s
ACertificates of
J-J
1974
m-S
15
15
1975
29
15
104% 105%
104%
*104% 105%
108%
100%
106
1975
F-A
101
101 %
100%
105
ser A—1960
A-O
104
104%
104
109%
—____
Oklahoma Gas & Electric 2%s
Oregon-Washington RR 3s
lst
94%
4s
bond
inc
41%
39%
39%
39
43'
42%
42%
2
31%
28
31%
1,107
28
29%
25
40%
J-J
J-J
't<
42%
MS
V vV'.■;
feS
1952
A__„1990
gold 4S-1968
71%
*112
37%
1941
1971
1989
Scioto V & N E lst gtd 4s
ref mtge 3%s
lst
4%s ser A.
lst
&
ref M
series
lst
&
ref
3s
3s
2%s
105
105
109%
,105
105
105
' iiom>
105
106
105
110%
105%
111%
Southern Indiana Ry
106%
111
Southern
100%
1073/4
105% 106%
1977
108
1985
f gold 4%s
s
105
105%
1979
ref mtge 3s ser N__
Tel & Tel 2%s debs
100% 101%
1955
*104
Paterson & Passaic G & E cons 5s_1949
Pennsylvania-Central Airlines—
inc
trust
Pennsylvania
Glass
Pennsylvania
Power
lst
mtge
s
f
Consol
4s
General
5s
General
4%s
deb
For
87%
125%
Af-N
*108% 110
107%
113%
J-D
*104%
102%
__
61
A-O
103 %
May 1 1948
Gold
2%s ser E
2%s series P
Af-N
107%
Devel &
gen
105%
Devel
&
gen
6s
&
104
107
Mem
gen
lst
6Vis
1
1
1968
J-D
124%
124% 124%
104%
106 3/4
120%
B__
A-O
117
115% 117%
114
128%
80
123%
139%
114
1984
see
page
J-J
116
116
117%
19
1952
A-O
103%
103% 104%
110
J-J
100
99% 100 %
54
.,.1985
1893.
1977
M-S
99
M-N
M-N
97
1950
A-O
90%
25%
30
97%
90
97%
61
97
97
101 >
56
100%
35
100
80
105
97%' 100 Va
128
a
—
129
Div
gold 5s
St Louis Div
lst gold 4s
101%
96%
96%
114%
96%
93
108%
95%
97%
199
90%
106%
96%
98 %
142
,92%
110%
106
106%
26
92%
8
90%
102%
35
84%
93%
132
97% 100
;:7
106 %
.
<
86%
88
J-J
91%
91%
"39
91
97
119%
38
116
145
1994
1956
1956
1956
1996
1951
J-J
99% 100 Va
88
135 y«
111%
Sunray Oil Corp 27/sS debs
107%
Swift
2%s
debs
107
J-J
119
118
A-O
99%
A-O
108 %
1077/8 109
112
112
112%
J-J
*._'
124
J-J
105% 105%
A-O
100.% 101%
*44
47%
7
104% 104%
5
98Va
70
1966
1961
103% 103%
3
98%
A-O
45
Apr
F-A
M-N
97%
107
15
110%
109%
123%
128
135%
105%
109%
100%
107%
46
;
,
67%
104%
107 V*
97%
99%
• J
J-J
M-N
"
122%
4
;
Co
105
J-J
Southwestern Bell Tel 2%s
&
108
...1986
.1996
1961
103
135%
107% 112%
.
92
115%
99%
>.
4
96 %
debs—1985
A Spokane Internat lst gold 4%s__2013
Stand Oil of Calif 2%s debs
1966
Standard Oil (N J) deb 2%s
1971
115
■
15%
124
96%
1313/s
40
*122%
115%
G
lst cons gold 5s_
4s series A
103
114
P
2%s ser
mtge
103
114%
1981
J-J
Co—
RR
4
F-A
ser
Pacific
lst 4s
107
J-D
D
A
4Vis
lst mtge
lst
101
F-A
1981
(Oregon Lines)
104% 104%
104% 104%
Af-N
101%
56
*107% 107%
101
102%
J-J
1985
1969
lst mtge
4 %s
103%
1965
3%s
footnotes
4%s
103%
1960
series
3%s
.1948
97%
994
Co—
103
A
series
series
1st
Gold
Devel
...
132%
98%
*126
1994
...
103
•
105% 106%
129%
101% 101%
98 Va
114%
63%
217
19%
97%
97%
35
,
I
—
Co—
—1979
Pacific
Southern Ry
A-O
15
70%
97
104%
1975
4s
Tel & Tel
Bell
debentures
2% debentures
lst mtge
1965
mtge 4%s series E
wtge
A-O
& Light Co—
stpd dollar.
sinking fund 4%s
Conv
111
RR—
gold
4%s
Gen
1960
3s
General
Gen
.1952
3%s
sterl
Cons
108%
3s
Southern
ctfs._
debentures
Pennsylvania
£
'
,
Sand
*107%
i'yi 107
Southern
San Fran Term
i960
'
E
107
__
i;V;;V
debs—
Co—
•
138
41
63%
58.^.-1963
Oil
105
"
114%
,
109%
1974
105
93
105
98% 100
1965
1976
1971.
.
L__
ref M 3s series M
Paducah & 111 lst
108%
__
..
*16%
1935
(Jos E) & Sons 2%s debs 1966
Oil 2%s debs
1971
1970
K
series
*108%
100
62
106% 106 %
Union
Socony-Vacuum
1966
120
!':-23r/-
72
*129%--.
1996
—.2016
mtge 4s ser A
AGen mtge
tASeaboard All Pla 6s A ctfs
87 V*
63
Seaboard Air Line RR Co—
South & Nor Ala RR gtd
series I
3s series J
-jS'■
62
ref gold 5s series
&
100%
2
86%
t§ASilesian-Am Corp coll tr 7S....1941
& ref mtge
4
112
;
101 Ye lOV/a
Skelly Oil 2%s debs
lst
631
36%
42%
iqro
1989
ctfs
98
100%
99% 102%
Nov 1989
certificates
bond
4s
Seagram
Pacific Gas & Electric Co—
103% 107
100% 102%
ISt Louis-Southwestern Ry—
Shell
3s
20%
24
87
deposit stpd^...^.
St Paul Union Depot 3%s B
194J
Ohio Edison lst mtge 3s_
lst mtge 2%s
series
74;';/
10
9%
100% 100%
'fVV
B
tSASt P & K C Sh L gtd 4%s
guaranteed
conv
109%
42
17
'
,
St Paul & Duluth lst cons
tOgdensburg & Lake Champlain Ry—
4s
108%
108%
103 7/a
9%
125%
109
19
8
45
..1955
ACertificates of deposit
.....
ACons M 4%s series A
.-,...1978
AGen
3%s
125%
108%
9%
12
9%
,
109
-j;•
110%
43%
88
49
~
44
J-J
!
^
104%
115%
96
^
*107%
-
M-S
M-S
Af-S
;
*125%
*108%
;
M-B
,
deposit
§Alst term & unifying 5s
Gtd
^
105%
101%
2
45
43
102
96
96
43
97%
102
96
' ' A-O
1950
/ APrior lien 4s ser a
A2d
Pennsylvania
—
—
1996
1QQ8
5s
Rocky Mt & P 5s stpd^
tSt Louis San Francisco Ry—
105%
Pacific
110%
109%
*162%
1947
1st 48.^
lst gold
2d gold
St L
94%
92%
90
Northern States Power Co—
&
16%
16%
*..
Af-S
1971
Saguenay Power 3s ser A
St Jos &
108% 127%
.
1
92%
lst
105%
106% 106%
Jf-N
J-J
J-D
1949
t S a Rutland RR ? 4%s stamped—..1941
St. Lawr
Q-A
lst &
101%
—
100
100
143
MS
J-J
M
W7
71
A-O
2047
lst &
105%
127
127
J-J
1969
t A Rut-Canadian 4s stpd
XOffVfc
108
2047
A 1st
127
103%
—
& Elec Corp—
Gen
,75
F-A
M-S
1st cons As coll trust 4s A._..1949
Rochester Gas
104% 108%
*40
J-J
1964
Revere Copper & Brass
90%
73
.105% 105%
.
106%
104%
*104% 107
w
26%
15%
101
102%
74
impt 4y2s series A
lst
'
*128
Af-N
mtge 88-*^-*—i^.2037
Quaker Oats 2%s deb...
5
&
(Wise)
102%
102%
88
88
Ry Co—
AGen mtge 5s conv inc
2014
Norfolk & Western
Ry 1st gold 4s_1996
North Central gen & ref 5s
1974
Gen & ref 4y2s series A
1974
Ref
907/a
*88
•103
103 y#
75%
102% 111
*101% 104
10%
12%
5
5%
..
J-D
A-O
"
■"
^
15 AN Y Susq & W lst ref 5s__.:.„.1937
5 A 2d gold 4%s
;
1937
5 A General
106
106
92
92
81
96
t A Harlem River & Port Chester— •
1st 4s
1954
JAN Y Ont & West ref 4s___June~1992
A
105
104
102%
50%
38
of
100
93
17
37*
33%
6s
series
109.
83
.
M-N
4s
Debenture
A 1st
103
100%
'
78"
13
1948
Debenture certificates
4 Conv deb 6s
103
78
32
34%
—IIl956
3%s_. ~1956
A
142
75-
MS
—1955
ANon-conv deb 4s
128 V*
129
77%
3Q%
M-S
II1947
IIl954
.
4s
1 ACollateral
33%
—.1947
.
ANon-conv deb 3y2S
135
125%
F-A
mtge 3s^...«...«»..1972 ;
mtge 5s.......««.^J2037'
ret
&
123
134%
126%
130
.
J-J
1968
&
122%
120 V*
126%
124%
126% 126%
J-D
J-J
y4Si-i....w»^«.—1977
1956
1st
106%
117%
*—
J-D /
C^.*..^.^^...1974
1977
inc deb....^.._1964
t A Providence Terminal 4s
1st
105%
..
118
103
F-A
1962
Public Service El & Gas 3 Vis
96
21
105%
102% 102%
102%
,,
1957
*N Y New Haven & Hartford RR—
;
J-D
J-D
tAProvidence Securities 4s
103%
96
—
,
26
102%
13
125% 125%
M-N
.
Potomac El Pwr 1st M 31^8—...1966
109
*—
J-J
series
.
106%
*100
__
gen 5s series
lst 4%s series
104%
105% 107
>108
111%
9
108Va
108
1949
2000
■,
series B
1st
105
99%
7
105% 105%
io3y8
A-O
107
9%
17 Va
♦102% 104
1959
A-O
I9»f>A-O
J-D
series B
4%s series o
5s
gen
102%
\v
11
*127
J-J
J-D
Pitts young & Ash 1st 4s ser A.^.1948
106%
100%
103% 103%
100%
A-O
6
;
A-O
1950
;
lst 4%s series A
1st mtge 4%s
106
107 V/
*—V
;
A-O
1950
1958
;
lst mtge 4%s series B
Pitts & W Va
108
103%
Coal—
3 %s debentures ——1965
98% 100%
W: -"'2
100% 100%
A-O
1965
series
97Ve
Consolidation
Pittsburgh
r
lst
B
ser
*.-
—
22
98%
98%
.
1970
1975
1975
Pittsb Coke & Chem lst mtge 3%s_1964
109%
77
87
103%
*103%
F-A
4y2s__1964
Gen
98%
10
21
103% 103%
J-D
Af-N
F-A
F-A
Af-N
J-D
1963
cons
1
mtge 5s series A—
mtge 5s series B
Gen mtge 3%s ser E
99%
114ya
1986
4s
H
guaranteed
108%
103% 103%
103 % 103 %
F-A
1957
1960
Series
107%
1998
E
B
4s
Series
102%
gold 4s
West
G
105%
*9
Series
109 %
70 %
series
&
90
66
'
90
4s
series
92%
Series
95%
94%
-
90
90
104
65
4s
Lack
/
of
10
106% 107
107
J-J
1964
*—'127%
M-N
M-N
Pittsburgh Cine Chi & St Louis—
Series E 3V2S gtd gold
1949
Series F 4s guaranteed gold__—1953
108
106
88
80%
^fc>.Iien & ref 3,/:,s series E
4%s
10
1997
N Y Gas El Lt H & Pow
gold 5s
Purchase money gold 4s
N Y & Harlem gold 3%s
Mtge
Mtge
X/:
A-O
88
88
88
& St Louis—
ser
ref
8s
2%s
ACertificates
106
90%
142%
135
23
lst
M
t§APhilippine Ry
109
91%
137
130
1971
ref
105%
98%
23/4s
Electric
&
83
107%
106
;
—
36
99%
98%
94
40
—
.
.
•
Phillips Petroleum 23/4s debs
2013
N Y Edison 3%s series D
«
■
V
90
2
90%
1993
Connecting RR 2%s
Y Dock
85
'
91%
..
1st mtge 3s ser P
N
;
11
..
1961
lst
84% ;; 90
"U
407/a
F-A
J-J
J-J
Phila
92%
2013
.
,
New York Chicago
Y
F-A
4
*._'
106%
65%
1977
.....1974
Gen
Mich Cent coll gold 3'/as
N
— —
91%
73
5
1998
gold 3y2S
3%s registered
1980
34
66%
*106
High
Low
103
..
gold 4s—
series
5s
General
1998
coll
mtge 3Vis
*87
y: V
■'
—
3%s registered
Ref
—i
X
ft
series A
impt 4'/is
—
-'"W-Mii
1954
.
Ref & lmpt 5s series C
N Y Cent & Hud River 3%s
3%s
registered
;
Lake
..
—195(j
deposit-
RR 4s
«...
...
deposit——
A
:l
F-A
deposit
of
4%s series D
Certificates of deposit
A 1st
■■mm
A-O
1955
of
A 1st
A
A-O
deposit
C
series
Certificates
Apr
P-A
Af-8
lst and ref 2%s
B
Certificates
A 1st
A
series
Apr 1990
1974
January 1
No.
High
65%
65%
Range Since
Sold
gold 4!/2s series C__
Philadelphia Co coll tr 4y4s..
General
tNew Orleans Texas &
Mexico Ry—
tANon-cum Inc 5s series A
1935
Bid & Asked
♦103 A
A-O
Marquette Ry 33/es ser D
Phila Bait & Wash 1st
108"
New Orleans Great Nor 5s A
N O & N E 1st ref & imp 4%s
1974
1st gtd 4s_.
Pere
110
103
AIncome 4s
Peoria & Pekin Union Ry 5%s
118
107%
1986
Orleans Term
103%
108
1st 4s
Jersey P & L 1st mtge 3s
New
105%
95
94%
1960
(l+.
Bonds
Friday's
or
M-S
Eastern 4s ext
Peoria &
114y4
—
Period
■
1947
Peoples Gas L & C ref 5s
110%
1945
V
Last
Low
StANew England RR gtd 5s
t A Consol gtd 4s
:
1945
Week's Range
Friday
Bale Price
High
107%
—
:■
;
Interest
Exohangt 7:7
;•
• •/<.'■
Stock
Xxx
January 1
No.
High
Tork
New
:
Range Since
Sold
Bid & Asked
1948
OCTOBER 11
*
Bonds
Friday's
Low
Newark
RANGE
Week's Range
Last
Monday, October 14,1946
CHRONICLE
THE COMMERCIAL & FINANCIAL
H OM
106
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4533
164
(Volume
NEW YORK BOND RECORD
;
;
RANGE FOB WEEK ENDING OCTOBER
'";i/
•
BONDS
Friday
Stock
York
Interest
Exchange
Last
Period
New
Sale Price
Interest
Last
Week'* Range
or Friday's
Period
Sale Price
Bid & Asked
Week's Range
or
Friday's
I-' '
Bid & Asked
Low
New
Exchange
Stock
York
' BONDS
'i-jlVf&V;i'■ V'.''■
'
High
'
1
'
"
'
..
'
Friday
,Low
High
.
Bonds
Range Since
Sold
January 1
No.
-
Low
High
Terminal RR Assn of St Louis—
Ref &
imp M 4s ser C_
imp 27/eS series D
Corp 3s deb
2019
Ref &
Texas
1
1985
1965
103%
109
105
32
108
1970
16
1990
38
Texas
2000
—
132
1985
49
98
&
Pacific
1st
gold 5s
ser
E
.
100%
93
Pac
Tenn RR
of New Orl 3%s__1974
1st ref 4s
99
106%
104%
1
1960
59%
429
68 y«
102%
102%
114
104%
104
117%
105
107%
152%
106
*113% 118
102% 105%
49
Jan 1960
107%
110%
103
101
Texas Pacific-Missouri-^Third Ave Ry
102,4-
97
95%
Texas & New Orleans RR—V
1st & ref M 3%s ser B
1st & ref M 3%s ser C
Gen & ref M 3%s
92
83%
129% 137%
;
6
106%
105%
105
88% 104
49
106
109
105%
105 % 105%
104%
111.,.
98%
99%
96%
116%
94%
90%
109
89%
Tri-Continental Corp
108'% 108%
103
Tol & Ohio Cent ref & impt 3%s__1960
Trenton Gas & Elec 1st gold 5s—1949
82%
90%
AAdj income 5s
91%
87
108
110
V
2%s debs__.1961
110
101
103v
-
88%
97%
101%
102% 102%
103%
101% 101%
Union
Electric
1st mtge
t§AUnion
&
Co
of
Mo
coll
tr
2%s
Elev
Ry
3%s.
(Chic)
*110% 112%
34%
34 i.
103
67
68 vU
99%
99%
104
*105% 106
*103
1 03%
105 %
108
102%
106
•117
104%
117%
123
90
99%
101%
105%
101 sk
104%
102% 102%
102
107%
63%
67
99%
65%
65%
104
21
24
101%
22%
22%
22%
100% 100%
100%
102%
109
110
93%
102
99%
95%
93%
102%
101%
99%
100% 101%
99
100% 104%
•109%,
s
f 4s
cons
91
109%
101 S3 102
95
Universal Pictures 3%s debs__
Cons
■}•:
64
102%
2%s debs
g 4s series A
series B
Virginia Electric
•:
.106%
106% 106%
101% 102
United Biscuit 2%s debs
Vandalla RR
94%
65
70%
64
34
101 S3
debentures
mtge 2%s series C
U S Rubber
107
103% 104
1st & land grant 48—
Ref
112%
102%
"K-
5s_
Union Oil of Calif 3s debs
2%s debentures
Union Pacific RR—
2%s
109%
102%
—
58
i
87%
> 65
56
21
v;'
51
.
1955
1957
& Pewer Co—
1st
& ref mtge 2%s ser E__—1975
Va Iron Coal & Coke 1st
gold 5s__1949
Va & Southwest 1st
gtd 5s
;
2003
1st* cone 5s
1958
Virginian Ry 3s
ser B
1995
Week'a
Last
New York Curb Exchange
V
1
•.
t
'*■
r\yxp\<S \ y ''-v-. ♦
-So%
'■$ Sale Price
1
Par
Salee
Range
Friday
STOCKS
v.
for Week
of Prices
Shares
Low
1
6%
7%
*
3%
4%
5,300
5,200
*
6 % preferred
10
Arkansas Power & Light $7 preferred.*
Aro Equipment Corp
2.50
Ashland Oil & Refining Co
1
3%
4%
16,000
10%
10%
Argus Inc
——
——
Natural
Arkansas
class
Common
Associated
Gas
A
common
non-voting
£1
dep rects reg
Associated Laundries of America
Associated Tel
Coast
Products
Voting
1
—.
Machine
*
& Sons common——.—5
(BF)
6%
.—25
1
preferred ——
Ayrshire Collieries Corp—
—.
Babcock & Wilcox Co
Locomotive—
-3
preferred
Rubber
Co
common
de los Andes—
shares
American
Steel
Barium
Corp
& Seelig Mfg—
convertible A common
Refractories Inc
$1.20
Basic
Bauman (L)
& Co common
Beau-Brummel
Mills
Beaunit
Beck
(A S)
Ties
com
—2.5
Inc
Shoe Corp
—
Bellanca Aircraft common
——H
Bell Tel of Canada..
& Hedges common
Convertible
preferred
——
Befkey & Gay Furniture..
-
Benson
Bickford's Inc common...—.——^—
Birdsboro Steel Fdy &
Mach Co com
Blauner's common
Blue
Ridge Corp common
$3 optional convertible preferred—
Blumenthal (S) & Co___—
Bohack
7%
(H C)
1st
Co
common
...—1
preferred
Borne, Scrymser Co
Bourjois Inc
:
Brazilian
Breeze
'
Traction
Lgt
&
Pwr
Corp common
Aeronautical
Brewster
Bridgeport Gas Light Co
_
Bridgeport Oil Co
Brillo
Mfg Co
Class
common
A
Co
British-American Oil
British
Am
Am
For
footnotes
see
page
1897.
11
Jan
115%
Feb
Oct
27%
Jan
9%
Sep
14% May
10%
Jan
12% May
Oct
Coast RR Co pfd—100
1
Automatic
Barlow
12
Apr
Oct
9% Sep
110%
Sep :
Fisheries
Automatic
Banco
Jun
Oct
1%
Corp warrants
Atlas Plywood Corp.——1
7%
1,100
Jun
8
8%
5
Atlas
Baldwin
10
15%
*
Atlantic Coast Line Co_._—-.50
Baldwin
*10.
2,900
Oct
Oct
*
class A
& Tel
Atlanta Birm &
Avery
9%
l.WO <:-i
13%
HI
12
High
6%
3%
3%
Electric Industries—
American
Atlantic
111
Range Sine* January 1
High
Low
American
Tobacco—
dep- rects ord
bearer—I
dep rets ord reg
-
3%
Feb
11% Jan
*7%
Sep
16% Jan
55
Oct
91
Jan
5
Oct
13%
Apr
24
Jan
38% Maq
8
18%
Oct
6% Oct
Oct
25 Ve Feb
11%
26% Jan
v
Jan
10%
Jan
22% Jan
28
Apr
41
May
','t
■
p P'Afl
'n:
EXCHANGE
NEW YORK CURB
11
WEEK ENDING OCTOBER
BANGS FOB
»t
STOCKS
LmI
L
v
iv. v;,:?Xv.r^:j;V.*>;>/ ' jZ
pM
Nwr York Curb Exchange
-•/*.
:
'
:
*J7
•••
'<*,
V:>;
•;
British Celanese Ltd-—
•
B
$5
7%
20j/4
2,000
20%
20
21%
8,700
""7%
*7% ~m
2,100
2y2
common
6%
7%
—
prior
Brown
new common
preferred
Rubber
Co
—
common--
(EL)
Bruck
Silk
Co
Oct
33
Jan
20
Sep
Jan
102%
7% Oct
14%
35
35
11%
12%
17 ft
16 %
3,300
:
May
15%
Jan
Jun
17 ft
4,800
15 y2
Sep
1%
1%
1%
38,600
1%
Oct
5%
6%
5,200
5%
Oct
13
12*54
1,700
7ft Mar
'
Distillers
_12%c
Corp
'
Butler
(PH)
25c
common.
13
12 ft
Bridge
Steel
Dominion
19% May
Tar
Textile
Duke
Coal B
&
Chem
&
Draper Corp
Ltd
Co
Jan
3%
3%
4,500
3
Sep
7%
Sep
17% May
26%
11%
27%
3,100
300
23%
Sep
39% May
12
Sep
17 ft July
8ft
-9ft
2,600
10 ft
10%
?
Z 8%
——
Co
15
Cables
Wireless—
<fc
American dep rets 5%
Calamba Sugar Estate
California
Electric
,~"Z_
Bread
Canada
^ Mfe
5ft
Ltd
9%
10
3%
3%
14%
3ft
6,700
12%
2,500
3%
4,100
107
July
70
Oct
96
36
Sep
65
Oct
110
May
9% Mar
275
72%
70
Apr
Feb
95
71%
12
Jun
"~*I "T
Products__Z_
ZZ
new
South
Aircraft
-100
"7 ft
1
4%
ZZ
ZZZ_Z__ZZZ
7%
~
IncZZZZZZZ_ZZ
-
.
22
Oct
65 ft Sep
88
May
600
12 ft Sep
19
Jun
4,600
1ft: Oct
137
250
125
10
Oct
21% Jun
17%
500
16
x4*54
1,100
3%
20,300
1,400
4%
9%
9%
10
15% May
32
Jan
6
Aug
3
Oct
9
Feb
9%
Oct
20
Mar
Mar
50
Jun
Oct
105
Apr
43
175
38
65
400
58
10 ft
800
9%
Arms
17%
3% Sep
6%
15%
18
2,100
15
29%
33
2,200
29
-4%
4ft
5
5,800
4
26%
29
29
2,250
2%
i
-
__ZZ*
^4
.
30
Sep
42
4,400
2
Oct
9
Feb
B
preferred
Mining & Smelt Ltd.
Royalty Oil
Steel
__
5
Corp
-
*
iqc
___
Fdy & Machine Co—— 1
Cook Paint & Varnish Co
Cooper Brewing Co
Copper Range Co
1
Cornucopia Gold Mines
convertible
77%
1,200
2%
93% July
1
13%
3%
2,200
6
Oct
9ft
3,300
3,200
8%
1
Oct
1%
:8%
4,900
13%
Oct
15
1,500
4
14%
37 ft
Febb
3 ft
Oct
Feb
26% July
7% Jan
,/"3% Oct
110
30
x90
Sep
3%
3,900
3
Sep
37%
200
36
Sep
7
Get
11
24% Mar
38
90
90
Z3
•
(Md)
13
12
ZZZZZs
2
IzfSS
/
4,200
14,000
13 ft
i1*.>■•■",
—
Z':
29%
2%
28%
2%
27%
.5
3,100
9
1,000
; U
5 13
2
Apr
6%
Jan
44% Aug
1%
Drug Co common.
convertible preferred
—
5%
Atlantic
Curtis
Sugar
preferred
Cuban Tobacco
common
Lighting Inc common
Curtis Mfg
Co
25c
Z
4,800
6%
6,700
5%
6%
5ft
10%
(Mo)
26
27
975
25
2
Sep
25
27
23
180
25
Sep
—
•
2.50
5
12
20%
105% 105%
15
15%
6%
6ya
11
12%
10% May
24
—
t':
Feb
21% Apr
Z 23 ft May
Oct
> 27
22%
«
Sep
*
10
5
25
Dayton Rubber Mfg class A conv—35
Dejay Stores common
50o
Apr
23,300
80
300
50
300
20%
Sep
Oct
105% Sep
May
Jun
Jun
36
;
Corp
Warrants
36%
13%
Sep
38V4
Jan
6%
Oct
13%
Feb
Oct
20
11
.Feb
17%
Feb
8% Feb
Jan
40%
Apr
13 y«
7,900
17%
Feb
29
Feb
50
2ft
'•
500
C:
Sep
2%
Sep
40
Oct
45
Sep
Oct
31%
Apr
Jan
5%
900
5%
Oct
8%
20%
600
19ft
Sep
29%
20 ft
20%
250
20
Sep
7% Mar
9%
7ft Mar
100
!,
Jan
Jan
35
Oct
3
100
3
8
8
,j
70% Feb
18
150
19%
Oct
2
2,100
41
Jan
56
Jan
Aug
42%
44%
500
27ft
Jan
51
15%
14%
15%
3,400
14 %
Oct
30ft May
26
24%
26
750
Sep
110
101% 104
150
101%
Oct
150
4,500
10%
Jan
14
Jan
Jun
18ft July
97
Jan
107% July
80
—
102
1
"if
July
40
24% Oct
July
*
July
G
Yellowknife
Gilbert
(A C)
Preferred
Gilchrist
8%
8%
'
:23
9
•1
Sep
15ft
900
11%
Jan
"3 ft
1,100
Mines—
Mfg common
Gray
7%
1st
Tap
—5
1
*'
100
Paper
25'
& Die
•
Products common—25c
common
stock
preferred
Great Northern
Greenfield
Stores
Pacific Tea—
;
Grocery Stores
Gulf States Utilities $4.40
pfd—
100
1
Jun
6%
Apr
Oct
110
May
111% Jan
115
jran
111%
Sep
6%
Oct
75
*5% 76
1,300
•5%
Oct
21
1,420
19%
Oct
43% Jan..
Sep
55
(7"
Feb
29%
Apr
39
Jun
Jan
•
;
5
•
10
«vl%
•
18
19%
1,500
19%
4,700
13%X14%
3,000
18%
18 '
4%
68
:
6ft
2,900
58
200
Oct
Feb
18
100
18
18
Sep
,18
Sep
24%
Jan
V 13% Oct
4% Sep
26%
Jun
8%
Feb
57
24%
28
Jun
Feb
Sep
69
Sep
-44
Feb
Jan
107
Aug
4
Jan
53
Jun
—
103
m
13
13%
•61" '
49%
18%
15%
1% Sep
7%
9,700
14%
52
19%
800
10% Mar
450
48ft
Sep
2,700
15%
Oct
46
Sep
1,100
11%
3,800
9%; Oct
,a5%
14%
16%
6,200
14% Oc t
ioo
98% 100
600
93% Sep.
22% Apr
71 ; Jan
47ft
10%
8
137ft 139
41ft
39
41ft
19%
17%
19%
16%
17
50
134
Mar
1,250
2,900
V 300
37
Sep
16%
Sep
13 Va
Jan
xlll% May
Jan
14% May
7%. Oct
9%
7%
8
:
23 J/8
Jun
537% Feb
135
147
Apr
July
46% Aug
23%
Jan
28 ft May
116
Jan
113ft 113ft
10
13%
13%
25
12%
Sep
9%
9%
100
8%
Sep
6%
400
6%
Sep
11%
6%
30%
31%
400
Oct
52% May
•
Alabastine
140
Sep
Sep
27
10
pfd—25
1
Varnish
Apr
Jan
52%
*
Graham-Paige Motors $5 conv
,
23% Apr
113
19%
*
1
50
Co
class A
109
3
110
'
"5%
1
—*
Goodman Mfg
31%
Sep
20
104%
,
Non-voting
Sep
Feb
20
—
&
Feb
Apr
12%
500
113
—i
*
,18%
—2.50
19
.Coal—...—■—-—-* >-.
X14%
Globe-Union Inc
—5
Gobel (Adolf) Inc common
1
5-,' |
Godchaux Sugars class A.
*
Class B
* ;
Atlantic
17ft
10%
104%
Glen Alden
Grand Rapids
Sep
Sep
v
Gladding McBean & Co
Gleaner "Harvester Corp
Goldfield. Consolidated
8
100
96
*
—*
preferred
Jan
8%
3.300
14%
*
M
Jan
18% Feb
Sep
23%
23
15 ft
■
Inc
9%
105% 105%
ft"
105%
preferred—*
1
common
Gorham
14ft
Sep
"§
!
Co——-i—
$4.50 prior
Oct
3%
700
8
22
5
1,200
3%
3%
3%
1
Corp—l—a
convertible
Giant
"i%
~5
"5
•
~8%
—
preferred——
Georgia Power $6 preferred
1
$5 preferred
'4.
$6
12 ft
10 ft
11
3%
——^
Service $6
Great
Feb
Jun
Oct
5%
20 ft
—1
common
-
Mfg Co—
Grayson-Robinson
May
Feb
34%
20
Fireproofing common
—*
General Outdoor Adv 6% pfd--—.100
Apr
108
Jan
22
15%
18
5%
General
Apr
6%
60
56
11% Jan' -
"40
18 ft
D
34
8%
34%
11%
Apr
4% Jan
8,600
2
2%
41
£1
ord reg-
Finance
Gypsum Lime &
Davenport Hosiery Mills new com—2.50
Davidson Brothers Inc
;
1
Apr
16
57%
56
57%
preferred series A—
Gorham
Z'5% Z 6V*
100
Crystal Oil Refining common
$6 preferred
:
Cuban
*.
Jan
May
.
5%
Oct
Sep
Oct
5% Oct
17
Crown
53%
112
Oct
15
Plywood
.7% Sep
.i:Z
Petrol
Feb
26%
Co Ltd—
Public
Feb
11
Apr
39%
Sep
25
General Shareholdings Corp com
July
.1
Sep
30*%
Sep
12%
13%
100
til'
*
Co
Alloys
General
44
.5
Apr
4%
20%
*,|S"
common—
General
33
8%
Co
Power
Feb
47
Sep
■'
Jan
27
4% Sep
100
18%
5
Jan
6%
Sep
Jan
Sep
6
22 ft
15%
■ ex?
„
common
dep rets
Amer
12% Jan
34
300
"'"22 ft
17%
*
100
preferred
5%
1121/2 Aug
24%
37%
12*%
Sep
Sep
10
1,100
25,900
5
4%
—
—
Gellman Mfg Co common
Sep
14%
ft
Jan
166 ft July
G
Apr
71% Jan
1,250
3%
37
10%
10
10%
|4%
3
Co
stock
Corp
7% Sep
107ft
500
3
12
.
:
Garrett
5%
4,900
3%
51%
rets
convertible preferred
General
30
14 ft
3
Oct
Sep
Oct
Oct
28
*
*
-
(Geo A)
conv
4%
Jan
50
2,900
'
Cent
$3
July
18%
90
9%
2ft
_
July
30
■1
Crown
Fuller
91
Sep
"
Courtaulds Ltd—
Crosley Motors Inc„.
Crowley Milner & Co
Franklin
121
115
14%
ZZl
"50
preferred
Fox
25
16% Feb
70%
10
17%
1
9%
2%
—5
1
—1.25v N
Stores—1
Gen Electric
17% May
<
common
dep
Jun
Oct
•
ZZZ
Reynolds—
47
Jun
77% Mar
78%
15% Oct
45
Sep
109
Jan
i
9ft Sep
2% Sep
45
Sep
11
Sep
3,600
25
60
400
12,400
1,150
1,700
110
bearer
Co
(Peter) Brewing
Amer
49
8'/a
1
47
Ford Motor of France—
Jan
6,200
8%
17
£1
voting
B
Class
General
8%
3
~6%
20
15%
110
non-voting
Class A
Jan
9%
"*
ZZZZBc
common—
26% Aug
10% Oct
Sep
8%
j
Petroleum
Sep
9%
*
18%
16%
.100
ord reg
rets
dep
5
108
36
*
$6 preferred A
Am
Oct
600
73
.
36
1,800
1,600
4
Jan
26%
Oct
Sep
68 ft
100
4%
16%
3%
17%
1,600
450
3,000
600
18%
3%
Ford Motor of Canada—
Sep
800
8
75%
13
68
Ford Motor Co Ltd—
1%
76
108
io
_
7%
101,200
19
I
1
Falstaff Brewing—
1
Fansteel Metallurgical
•
Fedders-Quigan Corp
1
Federal Compress & Warehouse Co—25
Fire Association (Phila)
10
First York Corp common
10c
$3 div i»nm pfd
...: r7:T
1.
Fishman (M H) Co—
50 to $1 Stores
1
10%
116% 116%
'Z-Zv.Z
15% May
16%
"3%
& Airplane
Engine
500
17%
8%
i
56%
Oct
11%
1,350
74%
loo
Sep
5%
11%
1%
16%
,
40
71%
51%
44 y2
17
675
3,100
4%
—1'
10%
1%
100
Consolidated
Co
IO
M1
*
98% May
-50
pfd
Equipment
Apr
2%
2
■'
ZZZl
Co
Oct
115
109
Feb
50
1%
71%
68 ft
% Jan
60,800
10%
*
_
48
■ftr
20ft
common
46%
15%
13
—1
Jan
31%
•.
Jun
300
49%
Gatineau
Zl
new
Jan
a52
Z
Jan
104
44
.10c
50% July
12 %
Sep
%
Jan
43
Sep
Sep
Sep
25%
Apr
31%
3Sa
,
25
5
Oct
__
Fort Pitt Brewing
Oct
x30 %
25
25% Apr
Jan
11%
5,600
4%
3%
7%
350
12
11%
12
Southern warrants
Biscuit
Textile
Oct
Sep
58
65
.
July
Sep
42.
*:
Co
15% Jun
156
4%
10%
4
warrants—ZZZ
July
2,500
16%
1956
series
Sep
Oct
8
7.50
166
Jun.
Sep
16%
——
41%
Oct
11
3%
Sep
50 ft
8ft
15 ft
Fairchild Camera & Inst Co
184% May
Oct
20 ft
33,600
116
.j-i
1%
575
59%
*
115
Jan
1,100
7%
8
42 Va
Oct
30
May
92
57
41ft
-10
&
50
2ft
*5%
55
Watch Co common. -15
Derrick
30%
50 ft
57
—I
common
Eairchild
Feb
60
X4%
Co
1,100
61
Jan
8,
104% May
89 Va Sep
54% Sep
Eureka Pipe Line common—^—.. -10
28% Jun
900
—i
Consolidated
5%
Sep
18%
2,950
16%
...
11
650
120
11%
10%
.100
29
16% Jan
325
12
11
10
Oct
Esquire Inc
May
Feb
Jan
5Feb
200
142
116
3
50
Equity Corp common
$3 convertible -preferred
Apr
200
-
69
14%
1%
24%
166%
127% 137
lift
,
Consolidated
Cosden
3,600
5
20ft
134%
3,800
10 Va
lft
z*
4% preferred series C
Consolidated Gas Utilities
Corroon &
52 %
17%
12%
21
137
139
23%
—l
Inc
$3 preferred'
Coro Inc
Oct
4ft Oct
1254
—•
Consol G E L P Bait common
Continental
15
to 1956——.
to
Consolidated
Consol
775
66
67%
3%
96 ft
5%
Kfo-'prpfflrrftri ■■■'■-'•
Emsco
53% May
18%
*.
Conn Gas & Coke Secur
4% %
18
17%
Oct
4ft
4
common
Patent Fire
ext
Oct
16%
Homes_ZZZZZZ~~ IZio
Commonwealth &
Vtc
46
400
17
10
Community Public Service!
Community Water Service.
Compo Shoe Machinery—
V t c ext
2,980
12%
—5
Oct
3,025
15
—10
Sep
2%
1
Empire District Electric 5 %
May
58%
—5
K
34% July
106
52% May
46
common
Jan
Oct
16%
1929
13%
30
5
Inc
Elgin National
97% Aug
Oct
18
16 ft
18
18
Colorado Fuel & Iron
Colt's
23 ft July
15ft May
61%
Airlines
Mills
Sep
92
1
pfd
pfd
Electromaster
Sep
-100
Development ordinary
Colonial
Sep
Apr
6ft
-100
Co
Colonial
10%
51
100
300
56%
59
1
*
Option warrants
Electrographic Corp
Oct
Jan
12
100
6%
17ft
Cockshutt Plow Co
Sep
Apr
16,600
7%
16 ft- 18%
—50c
preferred
Products
14 ft
800
101
101
-100
Co
Apr
Jun
122
120
92%
22*54
Apr
1,500
15
*-2%
*
•
formerly $5
$4.20
formerly $6
;
Electric Power & Light 2d pfd A_.
$3.50
Elliott
"
Utilities";
B
25
*
Corp
States
Electric Bond & Share common
7
6,500
21%
Cllnchfield Coal Corp—
Colon
14ft
92
Clayton & Lambert Mfg
Cleveland Electric Illuminatlng'Z
Alum
13%
-100
Claude Neon lights
Club
37 ft
July
34%
2,200
200
22%
Stamping
Mfg
100
10
7%
7
92%
common
Controller
Clarostat
68K
America—ZZZ!
City & Suburban
Clark
Sep
Oct
9
Jun
45
Sep
46
840
48
l
preferred BB
Auto
33% Aug
'
Consolidated Mining
1
SChilda Co preferred
ZZZZI —100
Cities Service common
—ZZ
10
*•
$6 preferred
ZZZZZZZZ
City
38
36
Chief
preferred
Feb
Jan
lift
Chicago Rivet & Mach
$6
32%
10
l
Corp common
Cherry-Burrell common
60c
4% Jan
2% Sep
20
"7V2
Charis
Chesebrough Mfg
164% May
200
Z!
Co
Malleable Iron
preferred series A
$6 preferred series B
Eastern Sugar Associates—
$5 preferred
Easy Washing Machine B
26%
~.ioo
West
100
100
$7
28
Co—
of
Co
24% May
1,000
—1
Conv pfd opt div ser
Conv pfd opt div ser
Chamberlin
Sep
10,900
-10
{Cent States Elec 6%
7% preferred
Cessna
11%
116
preferred
&
13%
700
46
Feb
20
6%
15 ft
3
3ft
prior preferred
preferred
Eastern
26%
common
Central Ohio Steel Products
Central Pow & Lt 4% pfd
Central
25% May
3ft
30%
46
of America
Power
Sep
ZZZ
10%
96
15 ft
•
Gas & Fuel Assoc common
4%%
29'
30%
•
24% Mar
Oct
E
12%
2%
8ft
.ZZ*
ZZ*
& Co
Corp
Maine
22% Aug
164% May
common-
(A M)
3.50%
Feb
6%
1
~
Carolina P & L $5 pfd
Carter (J W) Co com
Cent
11%
600
.100
Feb
16
5%
5%
5%
1
*
common
>
200
17 %
17%
25% Aug
/
14
13%
V*- -
Jan
Sep
Sep
5
t
12
'
B
Catalin
Sep
20
—
—
Corp
Sep
22%
Jan
Jan
Eastern
Carman & Co class A
Castle
13*%
15
5
*•
Canadian Marconi
Products
Test
21% May
Sep
83%
*
Duval Texas Sulphur
loo
__
,
Casco
Jan
41 ft May
Jun
11% Mar
22%
£1
dep rets ord reg
Hosiery class B common
Sep
38%
13
8% Feb
12 ft May
Oct
7ft
3,000
5%
9%
»
common
Canadian Industries Ltd—
7% preferred
'
Co
Am
Apr
3,000
_10
»
Durham
East
•
preferred
Carnation
5
7ft
,Z 100
7 ft
—5
Class-A voting—: .y;,M
Class V non voting
.
Class
Oct
Z
3
100
Canadian Industrial Alcohol—
Capital City
6*% May
Co Ltd
Cement Co
614 %
7
Oct
Duro
"9%
—1
Oct
2%
1,400
7ft
-10
—
Jun
3
.400
3%
3
3
1
Power
3%
2%
Z'z.
—
_£1
pfd
Callite Tungsten Corp
Camden Fire InsuranceCanada
3
.50o
I .50p
Voting trust certificates
Apr
22%
2,000
Dunlop Rubber Co Ltd—
Cable Electric Products wimmnn
28%
Oct
16%
10
—
—-
13% July
12
ft
16 %
Feb
24% Feb
Sep
15 ft Oct
*
Co
Power
7ft
18
12
Aug
37
Oct
8ft
*
Ltd
Co
i
Harris
Driver
23%
£ift
*
25*
Co Ltd
Dominion
Dominion
Jan
Sep
1,700
1
1
Domestic Industries class A com
Dominion
Biscuit
9%
9%
£1
1
common
180
9%
50c
common
Co
Jun
May
13% May
21
Feb
145
20 .«*
151 if 152
Oct
9%
BZ—Z—*
rets ord reg
Corp
Dobeckmun
High
Low
11%
10
BangeSlnce January 1
10
6,900
Ltd—
Co
dep
Divco
Feb
4
Products—.
Raynolds Class
Devoe &
Am
July
30
26%
6
—2.50
Burry
Co common
Stove
Steel
Diana Stores Corp com_--
16 ft Mar
11v Sep
Ltd
<
Jun
50
Mich
Detroit
Detroit
34ft Aug
Feb
Oct
35
100
Gray Iron Foundry
Detroit
Jun
100
common
Mills
Jan
17
20 ft
100
11%
Bruce
4%
Sep
6% Oct
debenture
Derby Oil Co common
Detroit Gasket & Mfg
May
31
25% Jan
„.
8%
5
100
8
1
1
1
—10
Mfg class A common
11%
:
Shares r
ef Prices
Low
High
Par
7% Jan
m Sep
1,500
20 ft
10s
for Week
High
Low
Dennison
mm
4ft
;
Slnoe January 1
Bango
Low
■
A preferred
Brown Forman Distillers
•
sf Bricos
High
Sale Fries
Sales
Week's
Friday
n
Sale Price
__
Brown Fence & Wire
Class
Bang*
,
•
Amer dep rets ord reg
British Columbia Power class A
Class
V
New XorkrCnrb Exchanf#
Sales
for Week
Shares
Week's
Friday
STOCKS
14,1946
Monday, October
COMMERCIAL* & FINANCIAL' CHRONICLE
(THE
9H
l-.f-; P
"1
r.
16ft Jun
H
34
34
150
31
Oct
39
Oct
16% July
Aug
8%
9%
1,800
8%
34%
11
34%
12
UIO
34%
Oct
39
Aug
Co
Hamilton Bridge Co
1,280
11
Sep
20%
Jun
Hammermill Paper
Hall
Lamp
Ltd
4
30%
17% Feb
Feb
yolume 164
Number 4533
THE, COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK CURB EXCHANGE
RANGE
STOCKS
Friday
New York Curb Exchange
Week's
Bange
Last
Sale Frlee
Hartford
Low
Light
—_25
voting trust ctfs
1
Brewing Co
1
Harvard
Hat
Dept
Stores
common
3s/a
Mining Co
Co
Heyden Chemical
13 %
26 Ms
10%
common
8
1
7/,
Inc
& Co
&
Hardart
25%
&
Hardart
(Harvey)
Humble
Oil
Hurd
Lock
Hussmann-Ligonier Co
$2.25
Com
7
2,100
8%
Oct'
25
19%
40
35%
140
38%
40 Va
825
112
23%
25%
<58% 759%
18
*
48%
10%
stk purch warrants
common,
1
preferred
Hydro-Electric Securities.
1
1st
900
2,100
300
45%
12J/8
150
10%
1,600
39
.
18
6
355
3% s&"3%
15%
6%%
A
Jan
50% Mar
12
Sep
22% Jan
53 %
Class B
Dividend
Illinois
Co
preferred-
Zinc
„50
ctfs
arrear
22
'
21
24%
56%
1,600
Co
*
Imperial Chemical Industries—
Am dep rets regis
Imperial Oil (Can) coupon
3,300
56%
54%
15%
:
15
22%
3,000
19%
26
26
39%
Sep
53% Sep
15
Oct
23
Apr
22%
450
81
Oct
38
July
5%
—
Apr
Apr
»
;
t.
v
Ireland
Indiana Service
6%
pfd
Co
Midwest
4%%
Co
preferred—
Sep
15%
Jan
Jan
Minnesota
390
107%
89
Insurance Co of North America
10
International
Cigar Machine
International Hydro-Electric—
87
$3.50 series
50
International Investing Corp
l
International Metal Industries A
•
International Minerals and Chemicals-
40
39
Montana
112
Jan
33%
Oct
73%
Jun
18
Jun
28
Sep
20
International
Petroleum
Registered
shs„*
coupon
shares
International
9,600
*
Safety Razor B
International
Utilities
Interstate Power
13%
13%
13%
13%
3iy4 May
13%
14%
1,300
_•
5
common
$7 preferred
Investors
Royalty
Iron Fireman Mfg voting
Irving Air Chute
Italian Superpower A
3Va
3'/8 •/< 3%
1
Mountain City Copper common
Mountain Producers
Power
24%
Jan
24%
Jan
17 y4
Aug
600
11
Sep
Sep
28
Oct
63
9
7 1%
3,600
525
2014 ' 22
8%
1%
Oct
20%
Oct
32
8%
Sep
Sep
13%
3%
Apr
Nachman
Kawneer Co
pfd
Sep
25
9
8
100
Oct
May
31% Apr
8
Oct
17%
121
•n—.
Sep
124%
*
20
22
700
18%
Jan
33
Hess
23%
200
19
Feb
32%
Jun
5%
350
Key
9%
Feb
*
6V2
5
1314
Kiclde
(Walter)
& Co
Kimberly-Clark Corp—
4 '/2 %
preferred
Kings Co Lighting 1% pfd B
5%
preferred D,
;
Kirkland Lake
8
12
'
13%
100
__
1
Ltd
1
*
Kobacker Stores
new
/ /■" *o
T
1
common--
1
Oct.
29 V2
10
70
94
10
60
Oct
82 %
2,700
12 y8
Oct
4,100
4%
Oct
2,600
7
Oct
11% May
1
Sep
Sep
43
7»/4
,
19,500
27
100.
17% -19%
22
m
24
600
115
9%
22
72,800.
i
Larnson
Corp
of
Lane Wells Co
12'%
Delaware
5% '
5
common
12% Mar
Class. B-
-
.'■■■■•
-
77/a Oct
Monotvpa Mnnhinp
Lefcourt Realty common
Prior preferred
Leonard
Oil
Line
;
8%
12
22.
..
Steel
j5
29%
1%
'
Sep
14% May
450
20
Sep
29 Vi Aug
3
Oct
21%
3%
8,000
11%
7,800
39
31
Groceterias
Jan
250
10%
3%
14
15
'.Class B
Locke
.
14
27%
—...13%
23
14,200
191
4Q
%.
18%
42
5%
5%
3
31%
14y3.
25
Logansport Distilling Co
1
Lone Star Gas Corp common
300
■
Jan
Jan
Car
10
Common ctfs
of
I
dep
A
ctfs
of
B
ctfs
of
dep
•_
Exploration
1
&
Louisiana Power & Light $6
pfd—
Lynch
Corp
For
footnotes
1,800
page
1897.
50
Sep
300
17
May
25
40
Sep
54%. Jun
5% Sep
10% Jan
1,800.
Sep
Sep
10%
Jan
Oct
32%
Apr
132% Oct
160 %
Apr
133
134
50
22%
23%
1,000
14%
15%
900
11
11%
700
21
4%
4%
42 y4
42%
6% Feb
20
Sep
36
14%
Oct
21% May
Oct
17
711
Jun
7 Jan
1
xl4%
9% Apr
Sep
49% Aug
40^ Apr
Sep
17% Jan
14
Sep«
Feb/
22% July
Sep
37%
19
20%
31
36%
2,500
29
12%
36%
2
16
14
1,400
12%
Oct
23% Mar
21
preferred
Sep
x26% May
7:15% Jan
2,400
700
1ft
10%
10%
107/8
1,600
10%
1%
1%
1%
1,300
1%
Oct
5lA
5
5%
4,600
5
Oct
10
12
10 %
Feb
Oct
24%
Feb
700 7 .'7712--:
Oct
22
Apr
300
11
Sep
19
6
10
800
8%
750
2,825
.7
Jan
121 7 122%
150
Sep
12%
79.
Sep
108%
25
.83
86
Sep
119
35
Jun
Jun
Apr
Aug
.
7142
Sep
8%
1,700
14%
13%
14%
1,150
13%
23.
Sep
32
61%
4%;
20
59%
62%
3,300
58
Sep
81% Feb
7
7
*
^^—=.25
7
Feb
14
13
87%
7%
*
*
> —
New England Tel & Tel,,——122 Y*
New Haven Clock & Watch Co—-—*
7
common
4%
Sep
12
-
12
100
Zinc—:
May
111% 111%
1
preferred
38
Oct
1
100
preferred.:
preferred
Inc
Jun
35
Sep
4%
100
14%
•
Jersey
20
200
18,700
14 ^
12%
Idea
5
42%
14%
10%
conv
22
1
Corp
4
5
Oct
16% May
Oct
J 21 / July
3%. Sep
2,000'
Jan
11% Mar
'
t
A
—r—1
Va
2V4
—*
Rights W i
Park Mining Co
New process Co oommon-^
a8a
—//:
.
2
2J/4
106,900
2
4,000.
,8e
A. Sep
Sep
7 "-
54% Feb
Sep
4% July
65
Jun
Sep:
1
5% .1st preferred--.iWU^--Ui-ww,-I-100
5% 2d preferred-^
—,.....,.100
Class B optional warrants
Niagara Share Corp class B com
5
14%
-45'
Apr
Niles-Bement^Pond
Jun
41%
\ 24%
1,800
11%
15%
3%
.
33 "
Aug
20% May
76%
11%
10%
1%. ^17,6fio
1
700
1,000
500
12%
200
12%
107 % 107%
240
105%
-
12%
107%
62
♦.
65
45
*7
-
19
Sep
Mar
64% Jan
-
Feb
x35
24% Oct
26
Oct
6Q
-
Feb
111
'Jan
15
Jan;
Jan
95
Sep
Sep.
'8%
70
8%
9
9%
60,100
7
May
Feb
115 y4 118
625
112 y4
Sep
123%
101
115%
840
100
Sep
120
102%
%
:
9 y«
11%
1
1,200
9%
1,100
7
8%
7,700
V,
11%
(2
3%
Oct
13%
1
,':7 9%
Noma
Feb
Sep
Sep
33
Sep
Jan
32 y8 July
30
22
Aug
Electric—--——.
Sep
Sep
Apr
Feb
13% May
Sep
—_——v~l
North American Rayon class
Class
B
26%
Feb
20%
Apr
A-—-*
•
common——,
>
Apr
22%
July
North
American
3%
Feb
Utility Securities
North
Airlines
Penn
RR
Apr
Northern Indiana Pub Serv 5%
108
Apr
Northern
Aug
Northern States
Apr
Aircraft Inc
Novadel-Agene Corp
Sep
17
5%
19%
7
133% 137%
7
6,000
18,600
325
17
5%
132
35
Oct
Sep
38%
40
200
36 7
300
36
164
•
Apr
63
May
62% May
Sep
38
Jan
12% Mar
Sep
36
—
—
117
26%
Apr
4%
Northrop
Natural
Sep
4%
4%
12%
13%
8%
10%
300
900:
5,000
4%
Sep
12%
Feb
8
Jan
11%
Jun
8%
Oct
21%
Jan
103
10
103
Oct
108 y4 July
106
103
pfd-100
Sep
111
59 y2
Apr
Jun
20
Gas
Power
,
10%
50
Co
117
15 y4
*
1
Oct
14%
19
6%
Northern Central Texaa Oil——5'
Oct
Jan
,'7;5% Feb
Feb
70
Sep
13
•111 Oct
common—1
—-—.—-*
66
9%
.12%
1
Mines——^———-6
$6 preferred
111%
15%
24%
24%
•
-l
—,
'
//
1,475
11% .*<• 10,600
250
_
North Amer Light & Power
Northeast
72
49%
Jun
6,500
1
—i.
Niagara Hudson Power common
Mar
20
12%
66
48
.
,
18% May
.11% Aug
—
.
10
Nineteen Hundred Corp B_
18%
68%
9% Jan
—
Merchandise. ...i
,.',-10
N Y Shipbuilding Corp—
Founders shares.————1
N Y State Electric & Gas $5.10 pfd.100
N Y Water Service 8
pfd.,..
.,.100
Y
Nipissing
11%
14%
Feb
7%
30c
Jan
17%
15
23%
2.
12.50
Jun
11%
*
2
see
Feb
18% Jun
210 Va Jun
22%
—*
Radio
26 y2
18
dep—
preferred
Land
'-■-=>
70
preferred
J«a
6
3.50
*
Transit
56
25% Mar
26
1%
7%
6%
Louisiana
Feb
10%
11% Jan
Ltd
Oct
26%
Long Island Lighting Co—
20%
Sep
6,800
Fabrics
13%
2,500
.
*
26
Feb
Apr
180
2%
Newmont-O'okiep—
-2 ft. - Aug—
24% May
Oct
29% Mar
-"5
-
Jan
87
Jan
jun
.
Chain
11%
107%
Oct
9% Sep
5,% Oct
.
July
2,600
common
1% July
27% Oct,
„
Steel
50
20
1,800
191
Jan
6
19% Mary
% 6% Sep
8,000
1,300
%
Jan
Oct
3,300
6%
3
9%
Oct
103%
5
7
37
290
*
New
15% Feb..
21
Apr
35
,10% Jan
1,200
1%
;
*
class A———
Oct
-
10 %
3,300.
■
preferred—_25
common
Sep
Sep
9% Sep
Loblaw
Feb
Sep
10%
7%
v:y.
'.
Feb.
9%
;rJ
47
4
900
8ya
Machinery-'
Union
New
Feb
14
7
125
15
23%
Oct
31
25
©ejv
37%
1%
Jan
700
23%
*
Mallinson
New
Apr
15 y8
600
14
Oct
35
Sep
875
37
New Mexico & Arizona Land-.^^-.—1
37%, July
19% May
18% Juxtt
5%
1,700
15%
■
22
10
Brothers
5,900
32
ff
25
-
Inc..—
Inc 6%
3,700
6%
1
Co
(Thos J)
12%
*
Corp
Lipton
Lit
(R G)
Material
.
—
Development
Le "Tourneau
Lionel
;
9y2
.
4%
3
100
N Y City Omnibus warrants
N Y & Honduras Rosario
15%
-•«' .■
_
/ Lanston
7%
Aug
31% May
...;
32
•
__i
Langerdorf United Bakeries class A__*
Apr
.7/6
11%,
10 ya
5
N
1
oct
200
N Y Auction Co common,
,1
Jan
:
25
(Herman)
.4%%
Feb
Apr
34 %
Sep
10% Oct
500
1
#;■
i Lake Shore Mines Ltd—
% Lakey- Foundry & Machine
20%
Oct
3%
24,700
32%
41/8
5
$2
2% Feb
17% Oct
600
'25
10% ?I2%
15% '•17%
JCriiRgeg Browlnpr C.n
14%
15 y8
1,000
■
8%
11
*
6 %
28 y2 May
27
19 %T.
23
14% May
24% Apr
a;
2%
New England Power Associates
Apr
14
.
12 %
xll7/8
31
Nesle Le Mur Co class A
...
Jan
60
70
iy8
Co common
M Co
127
2,000
7
7
17%
26
Neptune Meter common.
15% Jan
4% 7 5%
47/e
700
7 4
77/a,
1
Nelson
May,
Apr
60
L
1
—,
ey* oct
Aug
Sep
70
13%
Kleinert (I B) Rubber c»
Knott Corp common
7
650
112
1
G
(D Emil)
6%';
5% July
100
King Seeley Corp
Kingston Products
Kirby Petroleum
Klein
5%
100
Oct
10% Sep
25 V4
common
Nebraska Power 7%
Aug
23
*
-
Jan
2%
7%
preferred
National
Jun
5
common
15%
3%
15%
7y8
National Mfg & Stores common
National Pressure Cooker new com
Jun
43,600
I'9%
Kennedy's Inc
Co
14%
17%
*
Bellas
Breweries
National
26
Ken-Rad Tube & Lamp A
—
Jan
5j/2
9
700
L400
17%
oct'
22%
Corp
National
National
& Elec 7%
.9%
11%
10%
Oct
2y2
-
*
National Tunnel & Mines common.
Kansas Gas
Feb
9y8
100
3,70a
i:d
Jan
1%
12%
1
Mar
9%
Feb
800
*
Corp
62
•
5% Oct.
Feb
National
Kaieer-Frazer
14% May
Sep
May
3%
1,300
9
1% 71%
1
Co
11'
.
21%
National Rubber
Kokenge
Oct
16% May
300
7 7o
&
8V2
IV* Mar
12
•
Co common
9> •/:
''
mm
5c
Murray Ohio Mfg Co
Muskegon Piston Ring—.
Muskogee Co common
3%
11% Jan
'
7
10
common
National Fuel Gas
Jeannette Glass
2%
Jan
Sep
—10
—
States
National
Julian
9y8
2%
2%
18
Sep
Sep
28
-.
1%
21
1
9y8
Jan
May
112
4i/a
1,700
*
Mountain States Tel & Tel
600
Sep
6
42
Jun
11%
1 %
trust ctfs—*
5%
—*
35
28
12
*
109
100
*
Corp of America--—10c
Plan
Oct
13%
10% Jan
12%
5
Utilities
13%
100
14%
Aug
1
20
100
10
Products
International
13 %
20
13'/a
-
Apr
26%
1
common—-
Society A
Dakota
Mountain
Warrants
8Vb
Sep
12,100
Apr
15%
Sep
1
Molybdenum
Corp
Pictures
Jan
39
Apr
3%
141/b
*
Montgomery Ward A
Montreal Light Heat & Power
Moody Investors partic pfd—t
Oct
Apr
8ya
125
—*
Oct
20%
37%
Sep
pfd™—.—100
Jun
100
Feb
SVa
2,8Qd
—
common
123
Sep
3,600
5%
Monroe Loan
82
47
L
&
Monogram
Jan
Morris
45%
P
Missouri Public Service
Jun
20%
20%
14% Jan
Jan
16,500
4
50
109%
500
25
2,200
21
112% Aug
87%
3,800
1
Sep
Sep
:
30
50«
Oct
89
86
•
Preferred
89
29%
5%
*
Mining Corp of Canada,
15%
100
.
Mar
6
5
shares
preferred
conv
Sep
Jan
30%
Apr
24
9%
•
common,
12%
80
47
Oct
2,100
53
—10
"7
Refineries—,
Wohl
11%
18%
Oct
10%
Piping & Supply com
Mid-West
11%
110
36
*
300
83
22%
75
2,400
10
200
80
Oct
37%
'11%
50
7,100
108% 109%
11
9%
Jan
10%
36
*
common
12%
109
Apr
.>-1
—,—2.50
Abrasive—
13
100
18%
—25c
——1
dividend
non-cum
'i2y8
100
preferred
Sep
!%•
12%
£1
Indianapolis Pow ,& Lt 4%
12%
uo%>
c_—
12%
Imperial Tobacco of Great Britain &
3,500
—w_15,
;'•
7■$
*
11%
14%
4%
Midwest* QH .Co.,—
7% May
Sep
Jan
13%
Co—
5
Registered
Imperial Tobacco of Canada
7%
20
4%
15%:
—100
Corp common
Midland Oil Corp $1 conv prd new^
Midland Steel Products—
Miller
£1
*
-
Mid-West
*
common
19 Ye
Oct
-1
Scott
West
Midvale
conv
Oot
1%
Middle States Petroleum class A v t c.l
$2
5%
8%
1,200
v
30
preferred—
rv»''
Middle
6% Mar
Feb
4,200
1%
—5
common—
Micromatic Hone Corp
Jun
May
9%
10%
Co
Preferred
Jun
*
60
n
Michigan Bumper Corp
Michigan Steel Tube—
Michigan Sugar Co_
July
59
July
77/a Apr
Oct
3%
700
21%
Jan
8%
1%
♦
Textile Corp
Participating
preferred
Jun
26
8
Messabi. Iron
)
Illinois Power
&
Jan
56y2 May
i 1%
Warrants
Jun
37
37%
300
45%
Sep
Oct
•
*
-
7 9%
*
Natural Gas
Mfg Co
Chapman &
Merritt
Jun
Oct
.
1141/4
—1
Dredging
Johnson
Menasco
75% May
x20%
Oct
8%
23%
41
common
8'/2
Oct
Oct
6y8
*
t 0.
v
Corp common
preferred
Memphis
Jurf
33%
Mar
577%
37%
5
•
Sep
10
48%
•
6
*
Hygrade Food Products
22%
48% Jan
7,300
High
/ '
21% May
40% Jan
—
Shovel
Metal
150
8%/-8%
*
common
Mead
115% Mar
May
2%
*
Aug
45% July
170
May
47% Jun
Oct
3,700
14% 716%,
McCord
McWilliams
Feb
15
Feb
38 %
Power
$2.50
17%
Sep
Sep
f 'Low '•
26
Co
Utilities Association,
Massey Harris
32% May
25% July
Sep
20%
5
preferred-
Huyler's
Oct
36%
*
/
Jun
Sep
9
22
5
Co
87%
53
8%
5
Mfg
Jan
May
250
20%
Inc
26%
1,400
9%
Mass
45 JA
.10 Va
100
Fibre
&
65
Marion
Oct
36%
Refining
Corp
&
Apr
Sep
(The B)
Marconi Internal* Marine
Communication Co Ltd
,
May
9%
♦
preferred___
Hummel-Ross
18
8
♦
common
Jan
113
23%
'
Mapes Consolidated Mfg
Feb
Apr;
16%
Oct
•
common
19%
48
Sep
3,600
Bange Since January 1
''
High
n_
Manischewitz
23% Apr
10%
29%
62
Feb
103%
;
♦
Baking Co
Horn
11
,
:
;
Horn
12%
1041/2104 y2
l
Low
-
-
Shares
Manati Sugar optional warrants
Mangel Stores comnann:.
;rr.^,T1
Jan
<
Oct
Sales
for Week
Prices
*
-•
14%
11% Sep
24% Oct
15% Mar
12'/a
2
*
Hubbell
11%
247/e
100
Hormelt (Geo A)
5%
13
Week'a
Bange
Jun
26 y2
70ct
^
Last
SaJaPrlM
9% May
7% Jan
Oct
11%
ftoe (R) & Co clasa A—
—10
Hollinger Consolidated G M
5
Holly Stores Inc——7:„1—.x—^.7t
l
Holophane Co common—
*
Horder's
8'
15;
•,
common
5 V2 %. preferred w w
Henry Holt & Co common
|
8
15%
•
^^
Friday
■■
High
72%
Sep
4
Sep
3% Sep
3%
8
25c
Rubinstein
Clasa,
.
Low
15-
5
Helena
Heller
High
1% ~4%
Corp of America B non-vot com..1
Corp—
Hecla
STOCKS
Bange Sines January 1
66
Hazeltine,
11
New York Curb Exchange
Shares
Electric
Hartford Rayon
Hearn
for Week
of Prices
Par
FOB WEEK ENDING OCTOBEB
Sales
class A.
;
49%
48%
51%
1,100
44 y2
Sep
25
31%
26%
34
7,800
26%
Oct
1
10%
32
10%
11%
3,900
8%
Sep
15%
Apr
3iy8
32%
800
29%
Sep
40
Apr
*
'
73'/2 May
EXCHANGE
NEW YORK CURB
RANGE FOR WEEK ENDING
.V44
if
+**
t.
s
OCTOBER 11
York Curb
New
Exchange
Last
x
Sales
Week's
Frllki
S T O G K
■ ■
!:'••
*/•■■•:
.
^
Ogden
Corp
Ohio
Brass
Ohio
common
Power
Co
class
4%%
B
tout
43/4
43/4
200
* ?.■-£ --'-/F■ 20%
21
3%
400
13%
—
r
?!'t-':-3%
Hardware—t.——.-l
3
-
Sep
4%
Sep
20%
Oct
w.,'.
15,000
3,.
22
May
9%
Jan
30% May
Oct.
7
Jan
24% Sep
2% Sep
30
July
-7%
Feb
14%
:
Selby. Shoe Co—i.-w—'. ■
Selected Industries Inc common
1
100
.
High
.
12%
—*
common
preferred
Bange Since January 1
High
1,100
common-—--*
General—
1
Bros Inc—
Segal Lock &
*
r
Shares
12%, 13%
■
Scullin Steel Co
Seeman
for Week
.
of Prices
lot#
Par
Securities Corp
Range
^
Sale Price
'
SalM
Week's
Friday
Lasl
■
Exchangdv
1
Banco Sine* January
Shares
of Prices
STOCKS
.
New- York .Curb
:
for Week
Range
Sale Price
_
;W:;» ' jr
,,
fe{.;
:.'f
Monday, October 14,1946
FINANCIAL CHRONICLE
COMMERCIAL &
THE
Sep
353/4
Feb
Oct
104 Va May
111% May
-
Old
Natural Gas
Poindexter
Inc
Overseas
Securities
5
25
82
85 V*
500
82
86%
86%
100
85%
Sep
1
1
13%
14%
1,200
13%
Sep
29
4.
5
2,000
4
Oct
11%
Feb
Safety Control
Corp class B
—1
13%
1%
3,100
1% Sep
5%
Jan
8%
8%
300
*
stock
(R B) Inc
Radio Corp
Semler
1
;
14,800
$5.50 prior stock
Allotment certificates
—•
1
...
3%
17%
Convertible
_1
Distillery
Oliver United Filters B
Omar
15
common
15
Seton Leather common
Oklahoma
Sentinel
Sentry
Serrick
Can Co
Pacific Gas & Elec 6%
5Va%
Lighting
Pacific Power &
Public
Pacific
25
—.W....25
preferred
$5
Pan American
Corp
Parker Pen Co--—.
9%
11
42
39
Peninsular Telephone common—/.——*
46
1,800
16%
65
1
preferred.——25
1
Gas & Elec
class A
Penn
Power
Penn
Traffic Co——
Penn
Light 4%%
pfd
Circle
9V8
3%
3%
Tire
112% 112%
450
;
6%
1,000
6
61/4
63%
63
43
46
Philadelphia
Co
10%
»
common
%
9
11 %
•
21%
22%
15
30%
Pioneer
Gold
Ltd
Am
Jan
Southland
67/a Mar
3/a
3
3ft
5,000
2"%
Sep
1
7
6% :'"7%
2,700
6%
Sep
15%
Feb
10%
1,000
10
Sep
14%
Jan
44
-Mar
Stahl-Meyer Inc.—
Standard Brewing Co.—
56
Oct
Bess
L
&
E
RR
Scale
s.
-
50
Pittsburgh & Lake Erie
Pittsburgh Metallurgical common
Pleasant Valley Wine Co—
Pneumatic
10%
2
50
5%
6
10
common
83/B
9
1
603/s
56
573/4
5
1,100
47
Feb
15 %
Feb
Sep
5%
78%
10
May
—
15%
Sep
27%
5,700
5%
Sep
Powdrell &
Power
Co
Alexander
2.50
common
Corp of Canada
1st preferred;
6%
—
Pressed
Metals
of
America
Corp of Nevada
Prosperity Co class B
Providence
1A
«...
108
Oil
Standard
1%
15
15
___•
11,100
103/4
Sep
8%
—
B
class
1st
1st
preferred—
$5
prior
106% Jan
Stein
Jan
100
122
10
114% 114%
r-
112
111%
_10Q
.
preferred——i—-,—
Puget Sound Power & Light—
Sterling Aluminum
(A)
& Co
Feb
Puget Sound Pulp & Timber
Pyle-National Co common
20%
•
5
14
Pyrene Manufacturing^-^—.10
11
11%
20"%
600
14
20%
;
103% Sep
500
1043/4 1063/4
105
*
150
400
18
27
23
Feb
114
Oct
189
20
$3 convertible preferred
1
Reliance
10
27
*
1—
Electric &
44,100
IS
—
400
l3/4
1,500
27%
32
13
Apr
24
Jan
Oct
25%
400
Sep
4%
34
Rice Stix Dry Goods
*
Richfield Oil Corp warrants—.———...
Sep
30
■.
44
60
10%
15,600
9%
Oct
29%
1,200
22%
Oct
37%
16
1,425
14%
Oct
34%
Oct
49
Jan
5%
27
1,000
1%
8,200
vtc
.
1
_
2
Inc
Roeser
Rolls
Am
Pendleton
&
Inc.
Royce Ltd—
;
dep rets for ord
Cable
Rome
pfd F—_ll00
107%
5% Oct
1% Sep
-*
-
£1
24
,
Roosevelt Field Inc.——
.—5
Petroleum Co————1
Rotary Electric Steel Co—
Royalite Oil Co Ltd
Russeks
Fifth
—
5
Corp common
22
24
—10
*
'
105%
700
*
14%
Ronson Art Metal Works new common-
Root
,
'
24
14%
5%
5%
6%
6%
rr
2,000
6
1,300
6%
"
22
900
Trans Liix
3,300
18%
20
15
1,000
'
300
6%
2,500
6
5
6
4,800
5
1
4%
4%
4%
1,600
,
Sep
..12% Oct
13%
6
6
common
19 3A
15
Apr
Class
St.
A
Regis
$2
conv
pref
United
50
Sep
Sep
Sep
9%
25,200
5
5%
16,900
Corp common
1
5
•
(D
common—
A)
Inc
4%
2 3/s
32
i
4%
900
2%
1,600
32%
400
5%
-
10%
Feb
8%
Jun
9%
Feb
'
Oct
353/4
Oct
common
For
footnotes
see
page
1897.
19 :,/4
5,000
173/4
33
2,100
28%
Sep
4
2,300
3%
Sep
19%
Sep
27% Aug
10
Oct
113/4
24%
Feb
34% Aug
3%
—
—
10
11%
400
28%
293/4
1,500
2%
3%
3%
2%
900
230
97
91
Oct
Sep
73/4 May
Jan
160
Oct
91
Apr
7% May
Oct
3%
30,200
3%
2,200
9%
Oct
23%
3»/4
4
600
3%
Sep
9%
Jan
7
1,200
6%Sep
8%
Jan
28
700
26
Sep
35% July
21
100
18
Jan
31
Apr
Sep
10
.Feb
10%
9%
10
72%
28
•
21
73/4
3%
3,600
Oct
8%
Jan
11%
Oct
22%
Jun
15%
Sep
25
Feb
1%
Oct
3%
Sep
28% Oct
17%
Sep
493/4
Jun
48
Jan
5,500
2
16%
16%
28%
30
29%
35
36
18
20%
153/4
550
27%
3%
.
200 *
CC:
27%
28
Jan
18
Sep
4%
4
Sep
50
?
Oct
450
1,600
2,500
11%
4
11%
84% July
Jan
375
14
16%
.ii-V
Jan
500
11%
1%
7%
600
4%
7%
15%
4
1,000
11 y8
Jan
62% May
34% Jan
6% July
26% May
Oct /
16
*
100
pfd
%
63/4
Oct
12% May
300
29%
Sep
37
Jan
14%
Oct
29
Apr
Sep
123
Sep
7%
31%
14%
600
5,900
63/4
30%
16
v
120
120
10
116%
;
10% May
'
/'■'
123/a
15,400
13%
36%
37
133/8
7% Sep
123/8 Oct
700
8%
■'■■Br*;
■
26% July
Sep
48
Jan
26
150
35
18%
17%
18%
14
lQVa
1,500
3,600
16
15%
~5% ~5%
1,700
5
1
1
—'
*
*
Ltd—
y..
V-
*1%
reg.....———*
108
108
May
9% Jan
14% Feb
May
3% Feb
1% Oct
165
107% July
May
112% May
112 3/4
Sep
117
1%
Sep
Oct
95
110
113
72
Oct
5% Sep
300
113
July
Apr
22% July
Oct
60
-l
3,600
98
10
———
.
13
95
100
14
-
"i% "i%
,
97
Aug
"
"l%
1%
4%
...' 4%
4%
2%
2:%
1,100
1,900
4,000
"5%
6%
2,900
23a:
———-
'
1%
1
11%
20
■
Jan
/r.
>
Sep'
Feb
Feb
53/a
5% Oct
10%
700
12
11%
r--
4%
9%
4% Sep "
2 3/s Sep
,\
~6
preferred
34.
14%
Feb
May
Jan
•; ;17% ;JaA
!
Oct
12 V*
Jan
common
—*
10
7
Corp
common
& Railways
United Milk Products
Jun
53/4
Jan
Oct
8
.
19% July
11% July
Sep
6%
Feb
Apr
29%
Jan
-
.
Sep
14%
8%
633/4
Sep
56
Sep
'
7%
41%
—
x23
.
41%
n
14,900 /
13
B/s
32
750
15%
45
17%
1,700
20%
23y8
20,200
,.34% May
Mar
27
3,500
3/4
Light
2 ■'
8% Mar
500
warrants
Elastic
V
8
Oct
2%
Sep:?'
Feb
60
Oct
Jan
May
Sep;-
21%
20%
Oct
37% May
47
Jan
62% Aug
95
Mar
13%
- ;
Apr
Jun
10%
800
3,700
50c
*
:
17%
10% Oct
3,500
——1
Corp
Chemicals
United
15 Va May
5
4%
2%
32
«
1
Manufacturing..
Feb
173/4
7
warrants
Realization
Corp
Jun
5%
6%
14,400
4%
30%
32%
.6,700
29%
Oct'
Oct
46% Aug
Sep
9 Va
Jan
Sep-
47
-
Jan
participating
Molasses
United
Amer
5% July
Oct
$3
—
Co
Ltd—
NJ
United
Profit
10 %
1
.
'
—
■
*.——100
Sharing....
preferred—
*
preferred—/.
dep rets ord regis
RR & Canal
United
-
Scovill
83/4
Feb
31
'
,
25
common
Sep
9% Mar
8%
21
3,775
8%
1
Schiff
Schulte
26
5
Oct
Apr
10c
Unexcelled Chemical Corp
-10
Union Gas of Canada
———*
Union Investment Co.
*
Union Stock Yards of Omaha—
100
United Aircraft Products
—1
Ulen
Jan
Sep
5.100
■_.
Savoy Oil Co
Co
21
73/8
common
Paper
Salt Dome Oil Co
Samson
-
5%
Feb
45%
45%
Jan
63/s
ord regis———-—
United Gas Corp
•
33/a
33/4
Corp————— *
United
Ltd
16
Oct
19
Exports
rets hef
United
Corp
12
Jan
1%
93%
•
Inc.
TJdylite icorp—
New
Lawrence
Sep
7%
35
Stocks
Allied
convertible
80c
United
St.
6
600
1,600
Aug
11%
6%
12%
1,300
1%
293/4
Tung-Sol Lamp Works
44% May
13%
—
6%
9% May
Oct
•
com
21-
Oct
1.25
new
Sep
6%
Consolidated
Petroleum—
19% May
30% Aug
18%
Aeronautical Co.—.——1
& Haynes
25% Jun
—
19%
Sep
Feb
Feb
14%
93/4
3
-Inc——————————
Trunk
•'17-•••'"• Sep'
Jan
5%
Ryan
Ryerson
110% Mar
Sep
.14% Oct
,
Ryan
Ave
Jan
Apr
15.
■
25 %
16%
13%
8
n%
1% preferred ——————1—100
Tonopah Mining of Nevada
1
r
reg
18%
16%
—
Todd Shipyards Corp.——
Toledo Edison 6% preferred
4% Jan
60
107% 108
Jun
Feb
6% Aug
11
6%
2.
common
Products
Amer dep
13% Feb
.
Co
Tri-Continental
Rochester Gas & Elec 4%
Feb
165
140% July
100
29%
Co———-—2
—————50o
Amer dep rets
4% May
3,400
6%
1%
1% Oct
4,000
5%
—
Feb
Jan
400
...
Tobacco Security Trust Co
RiO' Grande Valley. Gas Co—
(Texas Corp)
30
16%
16 %
4%
Light 7%
&
Jan
28%
32%
31%
29%
Oil & Land
Tobacco
Jan
1%
Apr
Oct
30%
200
— —
common
Tobacco
Jan
22%
27
43
51
800
16
Roofing Inc
Tishman Realty & Construction
Aug
9%
1%
Jan
Jan
29%
123/4
Tilo
Jun
Jan.
22%
28
—1
31%
31%
144
Jan
Aug
Mar
44
—
27%
&
Power
Thew Shovel
Feb
9%
—14%
31% Sep
2,700
—
30%
O^porp--—,---—
Corp
Textron
„
Feb
22%
5
Richmond Radiator——
'
55
.—*
Engineering—
Oct
Sep
5
1,325
——•
..
._
3%
Corp
I
Raytheon Manufacturing common—.50c
Reed Roller Bit Co
5"%
19%
1%
34%
33
Jan
10%
39
May
Texas
17%
1%
26%
31%
Oct
Apr
Jan
90%
Texon
'5
5
—
Tampa Electric Co common
Technicolor Inc
common
5%
2,000
32
Ray Drug
Taggart
19%
1%
5%
Jun
Sep
16
_10
5
Feb
18%
20% May
165
»
Voting common ——
Railway & Utility Investment A
Rath Packing Co common
Raymond Concrete Pile oommon
14%
1%
Stop & Shop Inc
Stroock (S) & Co common-
Apr
Sep *
Swan Finch
Radio-Keith-Orpheum option warrantsRailway & Light Securities
Oct
93/4
Inc
Co
Superior Portland Cement,
Superior Tcol & Die Co
20
7%
Products.
Corp
(Hugo)
Sunbeam
870
1,300
6%
Co common.
(J B)
Stinnes
113% May
•s
Sep
11 v;
100
8%
—
Sterling Inc
Sun
Quaker Oats common
6% preferred
Quebec Power Co
7%
7%
—
Sterling Engine Co
May
Jun
Oct
xlO%
11%
Oct
Sep
*
common
Brewers
Stetson
preferred—
8
3%
■
Public Service of Colorado—-
1%
5,600
3,800
*
Steel Co of Canada
Feb
Sterling
6%
8%
Corp————*
Starrett (The)
Apr
10%
Sep*
Tube
Feb
29% May
15% Jan
33/4
Jan
3
18%
13% Mar
Standard
Oct
3%
16%
*
—1
—1
Products Co———
May
20 3A
Sep
1%
600
—
—
93/4
10,500
95
Standard
Feb
3%
Sep
73
500
1%
13
7% Jan
108
8
141
B_—
Apr
60
Sep
1ft Sep
30
16%
10%
1%
»
1%
353/4
4^^ep;-'
Feb
9,600
3%
& Light
class
Common
Aug
Jun
Jan
106
29%
10
1
(Ky)
Standard Power
153/4 May
Sep
July
350
78
78
-
10%
1
Gas
lie
'
1
Producers
—
28% May
Oct
10
100
«*«•'
37%
36
37
»
common
153/8
5,100
—
—
15%
30%
*
*
Preferred
1
Inc
17
■
Premier
Mining
53/4
—
lOOf
*
Prentice-Hall
15%
16%
•
common
Pratt & Lambert Co
Gold
53/a
5%
25c
—
•>
—
13
—
10% Jan
Jan
,j -V ■/;{.'V.V--
Polaris Mining
100
12
374
5%
2.78
Standard Cap & Seal common—
1
Convertible preferred
10
Standard Dredging Corp common
1
$1.60 convertible preferred
20
Standard Forgings Corp
1
Jan
Oct
8%
900
6
—
—
—
630
9'A
5
49% Apr
.
Sep
v
73/4
5
Spencer Shoe Corp
Pitts
Jun
Jan
S%
230
3%
25
Co—
Royalty
1
Octi:
40
•
330
—
10
Ltd
„.
4,000
■
Pipe Line
Southern
shs
Pitney-Bowes Inc
200
•
7%
—
.
Piper Aircraft Corp com
Mines
13%
83/s
preferrd B
25
preferred series C
25
Southern New England Telephone—100
Southern Phosphate Co
:—
10
37% May
13%
Johnson
24% May
262
5
—
5%%
Jan
*
Pinchin
12% July
15% Oct
1,525
40
63/4
256
34%
original preferred
6%
Sep
9
Pierce
common
Apr
1153/4 Aug
313/4 May
Southern California
Phillips Packing Co
Governor
169%
108 'Sep
25% Jan
17%
40
7
256
10
Line
Edison—
Southwest Pa Pipe
1,400
10%
9
50c
com.
Sep
12.50
South Penn Oil common
650
66%
43
*
Corp common
South Coast
46
new
115
1
1
Manufacturing common
Soss
.
Rubber
ir
138 3/4
130
111% 112
500
5%
Pharis
Sep
143/8-
Sonotone Corp
Jan
380
112 %
100
20
Co.
Jan
10
20% Sep
193% Jun
19
1
1
1
Solar Manufacturing Co
8,300
•
8
3%
-——...2.50
Pepperell Mfg Co
Perfect
250
48
~5% ~5%
♦
Water & Power Co—
&
120
9
'
com
103/4
33/4 Oct
Sep
43/8
20%
15%
Solar Aircraft Co
Pennroad Corp common—.
Penn-Dixie Cement warrants
Penn
Jan
11%
130%
Publications—
preferred
———*
Pattern common
1
Singer Manufacturing Co—;
100
Singer Manufacturing Co Ltd—
Amer dep rets ord regis
£1
Sioux City Gas & Elec Co—
3.90% preferred
100
Smith (Howard) Paper Mills
*
10O
15%
cum
163%
19%
convertible
$3
900
11
60
$1
Jun
Sep
10%
Simplicity
36,900
11%
„*
.
12%
Simmons-Boardman
=.
..
Breweries
Sick's
Sep
8
19%
Stlex Co common——————
44,300
4%
4
l
Parkersburg Rig & Reel
Patchogue Plymouth Mills
33/4
?
Jan
Jun
Airways warrants—.—
Motors
4
ruly
Pantepec Oil of Venezuela Am shs—
Paramount
?
of Canada
—
*
Ltd—--—-—*
Sherwin-Williams
Apr
i//
.
10%
•
1
common——--25
& Power
lay
•
$1.30 1st'preferred^----—
Page-Hersey Tubes common—*—*
...
2,150
11%
--————————100
preferred
4%
May
117%
lll3/4
111 %
100
!
Service
Sherwin-Williams
Feb
41%
109
103%
*
Light 7% pfd
Sheller Mfg Co
40
1st pfd
preferred-^.*
1st
Pacific
Water
Shawinigan
•
common
1
Shattuck Denn Mining—
'rIvr *;-V
Pacific
common
2%
:—
25c
—10
v
J. w_4
1%
'
8%,': 83/4
'
1%
-
f.
500
50
,
101
8% Jan
284
Jan
i.
1% Oct
B *. -Sep
-
Aug
9% Feb
294
Aug
4% Jail
' *12% Jan
Volume 164
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4533
NEW YORK CURB EXCHANGE
RANGE
/\ ..v..././:v,,.,\ST.O CKFriday
New York Curb Exchange
last
.Sale Price
Shoe,Machinery common—25
Preferred
United Specialties
WEEK
ENDING
OCTOBER
BONDS
Low
*
72%
2,210
New
69%-Sep
47%
49
220
10%
12%
800
10% Oct
18%
16%
15
49%
15%
10,900
400
3,000
75
16% Oct
30%
15
Mar
2% Sep
86
Oct
17% Feb
Kansas
««<7.% Jan
10O
Aug
Kansas
Sep
Friday
Exchange
.
Last
Sale Price
Interstate
Power
5s——.
J- J
Debenture 6s———i.
*"
15%
$5
1st preferred
U S
Radiator
U S Rubber
with warrants——*
2-.
common
■?''"••
V* 4
50c
common
Universal Consolidated
Universal
86"%
Oil
10
Insurance
10
Universal Products Co common—-10 *.
Utah-Idaho Sugar
5
Utah Power & Light common————;*' —
—
86
867/s
13'
.
1
12
13%
4%
Reclaiming—---———*'
•United Stores
3%
3
3
'
.4%:
\vZ/'
■
3%
47/e
.12
1,000 >,
3%
■
4% Oct
Sep
—
22
Feb
27
20
Sep
28
—
—
4%
8% May
3
—
—"
207/s May
2,600
-
.
—-
Oct
21"'
22%
4%
20%
4%
21
150
,
•
21
1,700
.
Jan
Apr
Feb
34%- Aug
Sep;"
4% Sep
19% Sep
*- •
3,900
...
7"%
;/;.■•
7%
J -D
Gas
M-S
Electric
6s
Kansas
Power & Light 3%s.
Kentucky Utilities 4s
J-J
27
38
97
3l7/a
Extended
at
Milwaukee
Nebraska
6s
Jan
4%
Gas
11
series
A
I
—
'
27
4%s.
M-S
4%s
•
|'
64%
,
105%
113
115%
109
111%
107
8
105%
107
3
102%
104
107
63
'
64%
2
63
U05 % 107 %
__
78
105
108%
108%
$112% 114
111
115
1043/4
$106% 107%
,
M-S
105%
$104%
J-D
—
55%
104%
$110% 111
'
—
A-O
Light
Power
F-A
to
103%
101%
103 % 104
$
.
High
98%
90
' 7
—
tll2% 115%
—
..
—
—
25% Apr
Amsterdam
Gas
5s
1948
New
Eng Gas & El Assn 5s
1947
5 s———————1948
;
ConV
New
common
deb
Debenture
Venezuela Syndicate Inc
North
Manufacturing
98%
97
...1013/4
98
99
97
101%
98%
5%s—i
103%'
—
,
1st mtge 3%s—
1st mtge 3s—
Pacific
1968
107%
——1971
&
Power
Light 6s
99%
97%
101%
105%
108%
101
100%
•
102 %
'
1051
102 % 103%
101%
105%
107% 107%
106%
107 V*
$101% 102%
107%
Continental Utility Corp—
Power
98%
107% 107%
—
102%
A5%s series A (54% redeemed)—1948
Ohio
105
97%
98
iLii—1954
N Y State Elec & Gas 3%S1964
N Y & Westchester Ltg 4s
2004
$4 convertible preferred.
Venezuelan
Petroleum-
—
98%
5s
:222L———1950
England Power 3%s
:
1961
England Power Assn 5s
-1948
New
Vogt
Low
tl04%
—
J-J
McCord Corp deb 4%s_—
Midland Valley RR—
New
Valspar Corp
January 1
94
J-J
Electric Power 3%s.
Range for
Sold
Ho.
High
100% 101
*
94
Bonds
Jun
>>■"-'''' '
•
3%
—
—
2,000'
•
•
Friday's
or
Bid & Asked
100%
•
J-J
Altalian Superpower 6s—.
US Foil Co class B———1
U S Graphite common—————
-5
U S and International Securities
-*
Week's Range
Interest
Low
847$ Apr
49% July
24"% Apr
40
Curb
Period
11%
"
York
High
48%
common————1
'
11
.
Range Sinoe January 1
Shares
High
70
^
FOR
for Week
Range
71
—25
———————
Sales
of Prices
Low
Par'
United
Week'*--
101%
103%
$9%
10%
f8%
47
107% 108
106
106
|
1955
Waco Aircraft Co———————•
Park Lexington 1st mtge 3s
Wagner Baking voting trust ctfs ext—*
7 Vo preferred
——100
Pennsylvania Water & Power 3%s-1964
3%s.—_—1970
Waitt
Power
& Bond
class
A
*
Waltham
Ward
Watch
Co
1st
1
Baking Co warrants
Westmoreland
Coal
Inc
5%s
San
10
Products
1952
Steel
inc
California
1st
107%
104%
108%
1951
$98%
3s
1965
3%s
1970
106
124
105 % 106%
-
Edison
Gas
105%
$102% 103%
$122
124
1952
mtge 3s
California
106% 106%
1979
Joaquin Lt & Pwr 6s B
Southern Counties Gas
•
—
A
Southern
10
& Co
1949
Water 4%s
Southern
l
(3 0)
series
Scullin
1
Whitman (Wm) & Co__
Wichita River Oil Corp
1959
-1964
—
perpetual certificates.^^—.
Safe Harbor
20
Westmoreland
B
Colorado—
Queens Borough Gas & Electric—
5
Western Maryland Ry 7% 1st pfd—100
Western Tablet & Stationery com
•
Williams
6%
;
-•
Weyenberg Shoe Mfg
4%s
of
Public Service of New Jersey—
1
1.25
West Virginia Coal & Coke
Co
mtge 3%s——
Sinking fund deb 4s_.
-
Warner Aircraft Corp.
Wentworth Manufacturing
West Texas Utilities $6 preferred
Willson
(Can)
Corp
Public Service
'/ Class
1964
(Calif)
126
98
—
IOP/4
105%
105
106%
108 %
109
—
mtge 3s
1971
Southwestern
Gas
Elec
&
Inc.—
common
—1
5% preferred ww
Winnipeg Elec common B
25
AStarrett Corp inc
„•
Stimes
3%s
$104% 106
104
1970
107%
$108
108
108%
1
Wilson
Brothers
Wisconsin P
Wolverine
Vtoodall
& L 4%%
—10
Inc
Stinnes
:
(Hugo) Industries—
A7-4s 2nd
2
-
Woodley Petroleum
Woolworth (P W) Ltd—
American deposit receipts
6% preference
Wright Hargreaves Ltd
5s
(Hugo) Corp—
A7-4s 3d stamped
100
Cement
Portland
Industries
pfd
Spalding (A G) 5s
stamped——
Toledo Edison 3%s_——
-I
United Electrio N, J
4s
30 3/4
——
48
105%
107%
1063/4
——
110
5s
United Light & Power Co—
1st lien & cons 5%s
£1
-
•
-
United Light & Railways (Maine)
6s series A
———
Utah
Power
&
Light Co—
Debenture 6s series A
Waldorf-Astoria Hotel—
A 5s
Wash
West
West
income
Water
debs_
Penn
62
Power 3%s———.
Electric
Penn
Traction
66
$108% 109
5s
108
5s———,
$114
108
—
Western Newspaper Union—
6s
m
New
.'BONDS
York
Curb
it.
"
-.
Exchange
v,
:r
Friday.
Last
Period
Sale Price
Low
Amer
Writing Paper 6s
Appalachian Elec Power 3%s
Appalachian Power deb 6s
Associated
J-D
1970
J-J
2024
A-O
4%s
1953
J-J
5%s A
1955
1964
M-S
Atlantic City Electrio 3%s
* or
Friday's
Bonds
Bid & Asked
Sold
High
—
—
.100
$100%
debentures
101% 102%
January 1
$116
v
/; 120 z
99% 100%
104 %
105% 1053/s
High
101% 104%
109 % 1113%
—
109% 109%
104
1053/a
f
RahgeSlnoe
Loto
109%
m-s
Electric
T & T deb
Assoc
1961
s
Week's Range
„
Interest
conv
:
120
124
99%
104%
103%
106%
108
105
Bell Telephone of Canada*—"
1st M 5s
;
series
B
1957
58 series G—————1960
6%s
1962
Bickford's Inc
Boston Edison 2%s
fti&Central
V
1970
107% 107%
117
$110%
__
BONDS
States Electrio 5s——1948
A5%8
67
Cities Service 5s
Jan 1966
Conv deb 5s
ref mtge
.
1043/4
107%
105
109%
A20-year 7s
Jan 1947
Bogota (see Mortgage Bank of).
Danish 5%s
Consolidated Gas
108
108%
106
110
106% 106 %
105
1981
—
1083%
104
104
106%
$115
1043/a
(Bait City)—
mtge 4%s
—'
Eastern Gas
& Fuel
1993
3%s
5s
Mountain
33%s
Hygrade Food 6s
series
6s
Indiana
1st
ser
1958
A
Jan 1949
B
Jan 1949
Service
lien
&
ref
5s
1950
5s
i
Indianapolis P & L 3%s
1963
1970
JInternational Power Sec—
A6%s
.
series
A6%s
A 7s
A7s
:
1941
coup)
E
(Aug
series
A7s
O
(Deo, 1
series
A7s
27
Mortgage Bank of Bogota—
A7s (issue of May 1927)
1955
1955
1957
1941
coupon)
F__
(July 1941 coupon)
1957
1952
—1952
2008
1951
-
1947
A7s (issue of Oct. 1927)
1947
AMortgage Bank of Chile 6s
1931
Mortgage Bank of Denmark 5s
1972
Parana stamped (Plan A)
Interest reduced to 2 % s——2008
$107% 108
.—1963
2%s
26%
$126
1950
Power
Guantanamo & Western 6s
reduced to
AMedellin 7s stamped
1956
1948
Grand Trunk West 4s
Green
stamped (Plan A)
60
—
1961
Rayon Co 6s ser A
1955
58
1965
stamped
A General
73——.1948
City (Peru) 6%s stamped 1958
Interest
—1993
Lt & RR. 5s
Finland Residential Mtge Bank—
Valley
53--—-,-—————1953
Danzig Port & Waterways—
AExternal 6%s stamped
1952
Maranhao
Lackawanna of N J Division—*
Elmira Water
ACauca
-Extended
ALlma
Delaware Lack & Western RR—
1st mtge 4s ser A
1st mtge 4s ser B
Agricultural Mortgage Bank (Col)—
A 20-year 7s
April 1946
•
1969
1976
Q
ser
1st ref 2%s series R
Gen
107%
1954
2%s
Par.
60%
103%
104%
70%
62%
109 %
1053/4
75
Rio de Janeiro stamped
Interest
reduced
to
ARussian Government
(Plan A)
2%_
6%s
2012
1919
A5%S ———————1921
105%
110
105
102%
106 3/4
104
104
105%
105%
108%
Last
Period
1033/4
Debenture 5s———————1969
1st
Interest
101%
1958
Consol Gas El Lt & Pwr (Bait)—
1st ref mtge 3s ser P
73
York Curb Exchange
New
104%
1950
Debenture 5s
Friday
112
50
§AChicago Rys 5s ctfs (part paid)_1927
1103/4
67
—1954
——-
Foreign Governments & Municipalities
117%
103% 104%
Sale Price
Low
High
Week's Range
or
Friday'*
Bid & Asked
Bonds
Sold
Low
Range Since
January l
High
THE COMMERCIAL &
Monday, October 14,1946
FINANCIAL CHRONICLE
OThEE STOCK EXCHANGES
FOR WEEK ENDING- OCTOBER: 11
RANGE
STOCKS
East
Range
bf Price*
Pat
bail
.z..—
common Tt C—.
Tfabtiii Co
Preferred
com vtc_,
Co
Fidelity & Guarantee Fire Corp.
Eastern
&
Assoc
Sugars
Fidelity
Deposit
Rights
:■
45
-.-1
—
.20
.10
U
40
.
tow
375
23 %
22
-
4%
28
Tj
S
41
<v
Jan
Common
Bruce Co
37
Oct
54
Apr
Jan
45
Mar
z-.
5s series
J7
Cnrp
Brothers
Butler
111
"
■
—
Secur
Serv
Corp
18
$6
23"%
1
ariw
<*-
States
'Central
&
Power
Light pfd—*
—
19%
5
Cherry Burrell Corp common—
0%
—1
•
*
Chicago Towel Co common capital—*
Chrysler Corp common
5
Chicago Corp common
Convertible preferred
Cities Service
Coleman
Co
Common,,
Co
(The)
Consolidated
Common
Common
JL-%
(The)
Electric Household Util Corp..
Fitz Simons
Dock
Flour
Co
&
Mills of
Fox
(Peter)
General
Brewing
93
Sep
Gillette
■
98%
Oct
46
Sep
Aug,
26
Bep
-21%
1
Oct
'
30%
7
zz
v.l. 53
*•
..
.
18%
.
._i5.
Printing Co common new...
HatomondTnsfctumettt Co dommon
22% Jan
42% Apr
Feb
46
Feb
y
1% Jan
17
Oct
6
*
80%
27% Apr
50
200
18
8
49%
6
'1,40b
-V
18%
r
56%
24%
Sep
?8%
R% Sep
^9
Sep
20
Aug
12% Aug rviV
- Jun
26% Aug- t >
■:33%.rAug,'i,r
•
-
"
14% Oct
18% Oct
,
,
38
,
25% Jun (
25% May
44% Jan
.
.
26%.JUly
1.40iF
20
250
120...
13
6"
29Q,
22% 0ct
58% May
44% Jhn
R -Sep1
23%July
t5%Tiar r;J
8%
22V« 25
<
30% Jun
71
Mar
25% Jan
25% Jan
Sep
"Jan
30 May- f
21% May
Jan,
'
Jan
Sep
Oct
21
17
Jan
30
13%
Oct
25%
KatzXhmg Co
79%'Apr
14%
oommoiw..-uM--.^*I.—1
««*.
.
Apr
Jan
.
i
,
coitemon««;---^*6
1% Jan;
f?h ,mmiw»ir-r.
Jk
„
9%
9%
m-
'
<>
'
-
:A".«":•
er&Z'r
•'
*-£0-V-'JL&
90» " •. icSi,"'Sepi,- ~«Jl%.Mayr ' \
-w^•350'-J-;;"
JnUr:;,;''--'
46
45 • -46.
.180
45
>Gct . ■ ■ ;:5l%. Jun-r;^ f
10%
10% 10%
2,000 . 10% Got
15%. Apr
'•
-
Aiii'-r/Ay
.
.
7
Libby McNeil & Libhy common
1,400
>
';■"<*
■
,
-j-'
Cumulbtive tireferred^1—I1..
Idfiath
17%
0%
16-
v..
fc_
*
•^geitow^ffwitiAbontd comnmn
July
r
■
Oct
:
SOO
300
.
1
,'r.
707/e Feb
.-19% ,Sep
,
Aug
14% Jan
42% Apr ::
400kV.
17% Apr ,;
'350,.,.,l6%-: Jan ■ ^
16
18% 21%
-20%. 22a:
16
17%.
n
21%
Tnfcrgf.n*a:
37% May
53
: •
14%
zz
"
(nww)
Wp,rrq.r>t» ~
Xl9%„19%
15
,,
16% Oct
50.
«
Sep
Oct
fi
i;
25% Jun
16% Feb ;
16% Oct
100'
^
52
Sep
53
Oct
18% Get;
17% Sep.
1VI50;:; ;
10
...
.
common-z.——100^
; y '
Tndlnna^-ntrrt''^^irfrnmanr'
V '
Apr
Sep
Sep
Oct
24% Jan
3,800
800
31
*9%
;
Illinois Central RR
J4%Mar
28%
♦
Co
Tnriop Pnaiim: Tnnl
4% Feb
Sep
41
«ep
4% Sep
Brick
Illinois
a2%lWlF
2%
41c
200
..
Horders .lnc. common^----Z-----
'Aug
-Ahg-
•P
18
Feb
12% Jun
27 - Feb
9%
51%
16%
-z
1
,
51%
10%
Sep
20% 20%
Heileman BrewtagyCo'G Capital".,>^>1.....■•21,vv;-.-21,.--v
Heln Werneifc Motor Parts8
■•••
26% $9
35% Oct
-
\Mi
Aug
0% Sep
8 % May
9
Sep
Harnischfeger Corp common——--10
64% Jan
111
100
'2,050
800
l67/a 17
300
53
53
100
16%« 10%^",v-- 1400 "
18% 19
300
i6y8
Goldblatt Bros Inc common-
Hall
48% Jan
43% "
18%
1
8%
49%
6
28"%
—
'
common
Great Lakes D & D common
Jan
27
;
?>
34
May
30% Apr
10% r
43%
__
18%
comtnoru
Goodyear Tire & Rubber, common
JGossarcL Co (R Wl -tommdu -
4% Get
115
Corp
f*
:56% May J:
16% Jun t?
8% Feb
"Sep
Apr ?:
18%
9%
10
1
Safety Razor ^common._...~»J*"
Motors
Gibson Refrigerator Co
Sep
83
General
'
16
19
1,150
500 ~
10
10%
10%
10'A
1
fc
-
General Finance Corp common-
July
19%"
9%
2».
common—1%-,
Candy class A
19
Oct
Oct
Oct
3% Sep
60
17%
.l
L10
—
96
96
.
36
12
400
16
Jan
pi"
f
—*
Inc
America
Four-Wheel Drive Auto_
1,250
19
15
"
400
3%
__
O'Cohnell Dredge &
common.——
13%
17%
:8
Elgin Nat Watch Co new cbm-_
"300
1,150
20
10
" 38%
3%
,3%
Oct
Sep
Sep
.
12,500"~
61%
33
28
-
21% Oct", -. 41% Jun
17% Oct
25%. Jan
20% Sep
,36
Apr
16% Sep *'t;i .'25
Jan M45
Jan
.61% Oct m
30
Feb
50
May i-|.'
20
Jan
32% May ffi
600
150
"
13
-i..
—1
14% Jun
65% May
27% May
95%May
140 • Jan
59
10
71
80
200
4,950
40
300
4 36
38%
~
class A
7% Oct
100
17
59%
33
28
17% May
28% Jun
10'
18
31%
10
Dodge Mfg Corp common new
Eddy Paper Corp
30%
16%
-'2.
_
Domestic Industries Inc
17%
61%
124% Feb
2211 -July
6% Oct
19% Oct
80
90
3,400
23
.17
Co Vtc partic pfd——_50
part sh vtc A———
part shs v t c B-...♦
Deere & Co common—
21%
30%
JT
common.
;
*2 '
1
.5
va
Inc
Biscuit
—
23
_1Q
_
Commonwealth Edison «nmmnn
Consumers
_•*'
May
Sep
luo;;
2
14 ^
6%
500
7%
8%
63% a 63%
10
12%
71
73
80
18%
63%
10%
Chicago & Southern Air Lines
39
110% Sep
160
Sep
140
.162
163
6%
6%
*
19% 19%
May
20% jun
27% Jan
50% Apr
113
Jan
5% Feb
25 S Feb
15% May
400
200
;T33''114~"::
•
-i.
•
'
17—Jun
51 '
"
23% OCt
7%
7;
7
Prior „iien 'preferred^^^«-.i«j*. *.
^PrBlerred;:^^.^^,^..^^,.,^^^".
Oct
.35% Oct ~
10% Jan
18
Oct
.
33% Jan
14%
14%
30'/a July
18
Aug
22
Feb
59% May
66
May
33% Feb
200
107
2%
105
2
—
Oct
Sep
Oct
Oct Sep
Sep
250
37
36
37
105
-2-r
•
pfd
common
,
16
14%
12
39%
36
20
50
400
500
850
.
'"v|
23
Sep
43% May
:26%4Jan :
17% Feb
7
•
100
50
7
High
,
.17:^
12% Mar
,
10O
42'A
20
.35% 37%
12% 13%
18
18%
237/s 24
__
10
39%,»
7
—
-37%
,
—10
Convertible preferred
Central S w tmi mmmnn
A—-------
__
i
13%
common—..,
" 39%
42
20
<
I
19% Jan
30
Sep
.
,
5
_
Pub
Illinois
Central
Co "4S———
70c
„
12%
<
\ \ Low
•
19%
10
30%
50
17 • 118% ...
45o
14% >15— 4,000
16
17%
900
14% 14%
300
12
13 ..
1,600
■
.,
.
14%
,--47 ;.
-1
mmmnn
Castle & Co (A M) common
»•
Transit
-.
2—
2
Central
:8onH*^
Baltimore
;
1
,
(E L) common
Burton-Dixie
Jan
Oct
42%
Corp—--
(George W)
Burd Piston Ring
May
58
in
-
„
*" >' »
•
„
"y*
Range Since January 1.
19%
30%
—
new_-2%
10
Borg-Warner Corp common.;
5
Brach & Sons (E J) capital
*
Brown Fence & Wire class A :pfd—.2»
Aug
40%
26
Guar
National Bank..
Jan
.
,,
High
Low
6
*
Sinks Mfg Co eapltal,
Borg
47% May
Oct
16%
Casualty-—
Amsterdam
Fldeliiv
Western,
Sep
A com
common—
Bliss & Laughlin Inc common
Jan
Sep
58
17c
Co
BeWen, Mf<y
—
Vernon-Woodbury Mills com_
New
Sep
5c
Merchants & Miners Trans.*--Mt
19%
186
Oct
Blessing
Berghoff. .-Brewing Corp
■
.
55% May
11%* Oct
38
Bastian
Nigh,
31% May
13% May
Sep
Feb
Feb
160
601
15c
5c
21%
.
178
-829
•
35
10
247
9% 10%
39 XU 46
41% 41%160
160
-40
40
•
__
.100
vtc
22%
of Prices
Par
Barlow & Seelig class
Range 6lnce January 1
High
Low
"
-,v'.
Corporation
Arundel
Sal© Frio©
for Week
Share*
forWeek*
Shares
.Laslv.Rang©
.
Sales
Week'*
Friday
Sale Price
i^|W©ek'am Sales
Friday
Baltimore Stock Exchange
Liucoln 'Printing,^Co,e.common. 1
■
Lindsay
light
Marshall Field
& Chemlcal
& Co common.
-
x36%
-—*
52% -Juri.
53% Aug
18% May
85
Apr
49% May
79%
Apr
83% Feb
86
May
23%
130% 130%
53
53
Jan
16,000
53
Ocl
Bears Roebuck & Co
& Society Brand
%.
(J D)
Adams
Mfg. common—-
Admiral
Corp commonAdvanced Alum Castings——
Aetna
—^"
Service pfd
American Tel & Tel Co
Armour
A
Co
'capital.
—I
.10
t%.. :
For footnotes
wee
page-1905.
9% 10%
.6%
.100
—
-
>
40%
,42%
8%
4%
6%
'
-20%.Jan
6% Oct
13% Jan
,
8% Sep
ii
'44% Feb
:: i25%May
Smith '©end Lathe Works
Spiegel Inc common^St Ldute Nat Stockyards
—......
-Standard
Feb
Sundstrand
Machine Tool
469
Oct
409% May
Swift & Co
capital
10% Sep "
3,700
13%
5%
7%
434
U.C.'''
3,450^.^ 2% Oct
•
,
.4,550
";-850
2,600;
r
10% Sep
^Vb Sep
-
7%
Feb
8% Jan
6% Oct v' ,,; 44% Feb
.—
)Feb
160
Oct
487%
Oct
184
.
1B% Sep
15%
..
<'7%
25
11%
26%
,16%
30
'44
16
427
«24%
33% Jan
37
Jan
49% Apr
42% Jan
37% July
:20%
J^n
20% Jan
11% Aug,
";ii9%'Aiug
2^
39% Apr
Jan
18"^
31%
^ 3%' 4%
,40
10'
^39% 41 "
' 27"
29
45
.
■,
22
•
"' 25
-•
,
-
2"4%
: .v
65%
50-"22%
70
8% Feb
47% Mar
40% May
45 -• July'
34% July
-
23%
' r 49%. ^ 49%
i—o.»——.
X22%
22 -
'"22%-■
70
May
24 %
41
34%
•
Feb
•29%^Feb
i%
32 %
,
Mgy
May
May
,,47% Feb
-
.
Jun
May
29% Jun
40' Sep
8%
9
24" ? ^5%
41% 12%
45% 18 -
commmr—-5- 22 >,
TtTah© Co (The) commoh-wa—2
208 South La Salle Street Corp com
*
.
Jan
^May
32
26%
12
36%-*38%
—34% f
United -Light & Rys w
tJ S Steel common-
50
37
,430
21%
48% May
SO % Jun
,
SunbCam
Oct
19% Mar
26%
—
' "
CorpV/commRn...,,—— ■
Bep
39
\11%
Sthndard Oil of Ind capital——.10
Sep
Jan
Oc t
;r-22% Sep'
139--
28
1,7%
5
2
FCb
21
16%
39
"8%
8^
.7%
7%
102
463^
21 %, • 21 %.
25 - , 26%
<13% 13%
27
27
May
36
24
160
21'
Jiin
-
163
24%
430^
cap.—1—* ' ' 30
47
,-
o9
—
^"
0
\ jm
24'
160
May
May
51
16% 16%
.
oct
19
V
^4 *
*
Dredge
410
300
'
31
;
commonw.^m^»«««—-1
Forglngs common-*.—^-—1
Standard
-10
xl l % 42%
>
:
-
■ ■■
boo
2%- >3%
^4 "^
commoiu«ii.te^i.^*
Clothes <com-*»-»—1
i4
70V4
31
.65'
capital-———1
11%
capital-.,
i«„...
' " 37Vz
200
170
10%
9% Oct
050
113
469
,
13%
ft*JI
20% July
1,500
7
113
common—
Aviation Corp <D«aware)__
%tgh
16% Sep
.100
17%
...
common
Athey Products capital—^
"
16
.100-
Asbestos Mfg Co common.
Automatic Washer
Range Blaee January 1
tow
47
47
++
Ball Bearing common sisL,
Public
Shares
Lot©
Allied Laboratories eommohw—,
American
7)f Prices
nigh
Sale Price
Fir»
•
Serrick^Corp; class B common
——1
StieUm&> Prod Coino^ionMnon^J.--.—Signode Steel Strap Co com -(newjte-—*
Blnclair Gil Corp
,—• "
Balee
Week'*
Friday
>
Gak Mfg; common.—L.—iM—i—.l
' 8%
Feabody Coal Co class B com
——8
—
v-preferred-i—;
Peiin Electric SWitcAxlass A-.———10
21 % •
Bahgamo JSlectrfo Co
'31% May
to
corfeommoifcui^uZL.*^
July
-25
16%
15 v*
.16%
Montgomery Ward & Cb common——*
,
—
Muskegon Mot'Spec class A-i.———
"*v r
.V V4j' .
;V
^ 1 K
7 * <
National CylinQdr Gas eommott--.;--i. 1, "■
National Standard common——10
v*
North AmerlcaiA-Car commcm,%•,' /zz
Northwest
Baheorp common-.i-—;
•
Nor West tltil prior lien, pfd
—_100
160
7.% preferred
100
430
l^nn.Bush Shoe commoh:———.-2%
..
•SChwitzer Cummins
87% Apr
37%
r~
•
-
Pennsylvania RR capital———.....50
25%
Pressed Steel Car common«u—»«*---1^ —
Rath Packing common———-—10
27
424% Set
$800
-
Jun
■39%
35
:.22&-.i>%i-/'RliH--,.22:-n:r,
16%
15% 17%
" 13%
"" 41 >- 44",-
Mickidher^'s Food-»Pi»d':comjnQn-»fc-.l'
Middle West Corp capital. ..
•,-■■■»
-iBltrii Hart Jnc-cominon
$1 prior preferred-^..^——J.0
Mbdine- Mfg edmmon-z2z^Zi^zz.z-.-zfc
Monroe Chemical
i38%iApr
torn——,J9»20v/,C "450
-
Feb
40
May
^61% May
v
37% May
'07% Feb
r
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4533
Volume 164
OTHER STOCK EXCHANGES
RANGE
:
STOCKS
Friday
Week's
Range
■
Last
,
8ale Frlee
Par
Union Telegraph
Western
com
Bankshares
Wisconsin
;
Woodall
.100
com.
Westlnghouse Elec <to Mfg
12JA
common
a
?
....:
Low
Stocks—
Unlisted
Alleghany
American
Rolling
20%
Oct
52
"*■800
23%
Oct
39% Jan
»
Lamson
&
13%
Vs 1,250
Jan
"17% .Jan
>
Medusa
Portland
Copper
Atch
& Santa
Top
Bethlehem
Columbia
Steel
Fe
Electric
*
Oorp
Na8h-Kelvinator
York
New
Motor
I
Pepsi-Cola
;
Car
Co
Bros
—
Warren Refining &
Chem_
•
8ya
Apr
Oct
35%
Jan
Oct
41%
Jun
19%
Feb
29% May
23% Mar
25
Sep
9'/a Oct
30
120
264
247/a
919
49%
27% Aug
Feb
r
ft®
ft
47%
10
Jan
Oct
40%. Feb
Sep
63
Jun
20% Mar
30
July
80
,
38%
Oct
69%
Jun
97%
Feb
507
225
65 %
Oct
23%
300
22
Sep
3%
225
Oct
34% Feb
5% Jun
a58% a63y4
108
57%
Sep
83% May
120
17 y4
Oct
31
a65ya a68
K
—
23%
3%
3%
.
__
•
22% May
32 ya
39%
—
common..'
\
:•..
13%
24
39%
Jan
17% Feb
53% Jun
15
a26% ®
52'A ;
23%
—2
Tube
Youngstown Steel Door (Un)
a25
52
Sep
-165
-
20
—
*
A:
Sheer
Voun«stown
Sep
31%
24
:•
(Un)
common
Iron Works
Jan
3%
a9\ alO
-."7®
*
common
16%
357
•/\~ v '
Standard Oil of Ohio common...—10
Inc
450
a21% a2l%
=
...
•
.
Oct
• 24%
24%
a25ya &25Va
—
>„
_•
(Un)
Thompson Products
.U S Steel
a31%
—
♦
Steel
Republic
Richman
(Un)
39%
,325
4
,®.<ft''---'hl4% al5% >:
;
/
—.*
50
.
—
357
^,17%
Sep
19%
4
•
—
.
9
18
—
18
3%
v
v
Jan
0
10
•
—
Pan Amer Airways Corp
Paramount-Pictures Inc
'ft
18ya
'
•
'
High
,
11%
675
40
•
.....
(Un)
Low
104
iv
capital
North American Co
Packard
39Va
Range Since January 1
„
—1
Corp
RR
i
•
4
Co common
Central
i
•
common
(Un)..
Van Dorn
','
r
•ft 7 Laclede Gas Light
(Glenn L)
i
1
1
7
Martin
i
I
v
•
Motors.
Iron
Oil
Radio Corp of Amer
i
39Ya
*
i;
•
—
Ohio
Shares
11%
9%
9%
*
class B
Pennsylvania RR
11 Va
-
...
■
; for Week
High
■<
9'A
Central- RR -tUn)^.^®®--s£&Brass
Low
-
.
10
,
Patterson Sargent
1
...
Interlake
;
/'
• \
,
Cement
ft
1
Co
.,
—
Sales
•
of Prices
Metropolitan Paving 'Briclf—.-i—-a,
Ohio
-I
—
Sessions—
i Rational Tile & Mfg
Corp common.—..*
.ft..'-'..
Graham-Paige
.
!
Oct,, ,..^137% May
100
com
ft Farnsworth Television & Radio—
.1
7y»
50
Ry
Motors
cimiM-Wright
General
.ft*
600
250
®
•>»
8
19
>
Mining
Gas & Electric
Continental
10
:5-
10
Certain-teed Products
ft'
9»/4
Sep
9% Sep-
Jan
v N .Y
Mill—.
Anaconda
,
Keiley .Island Lime & Trans.
100
25%
12
Range
Sale Fries
Tar.
1
Radiator A St San com.
American
,
High
„
Corp
,»
12%
Si*
Friday'' /ft -Week'*
C K S
>.:.Xasi-":
A
Range Slnee January 1
High
.7>/8
p
II
IsT O
Shares
20%ft 20%
'
* /ft® ft®
Industries common..
OCTOBER
23%-
—
24%
■
ENDING
Sale* ,,
for Week
of Prices
LOW
WEEK
FOR
2%
new
I
Watling, Lerchen & Co
com—..1
—33%
Pullman Incorporated
Pure Oil Co (The) common
Radio Corn of America-
*
■
Members
•
.
New York Stock
common®.*!.®*
Radio-Kelth-Orpheumv—
L
New York Curb
Exchange
Detroit Stock Exchange
Associate
Chicago^ Stock Exchange
Republic Steel Corp common....—...*
Socony Vacuum
Co the
Oil
Standard
Corp
United
tT 8 Rubber Co
-ft. Wilson
Co
&
1
1
;
common
rnrpr
Corp ■
■
:
■
Telephone: Randolph 5530
25
Steel Spring:
Snnray nn
.ftftr
.
-
DETROIT
Building
•
_
Standard Oil of N J
Studebaker
Ford
15
Standard Brands common
ft,
.
-
t
' ■■■•-" *
50
common
—•
common
STOCKS
'
Friday
Last
-
Cincinnati Stock
v
STOCKS
.Friday
Exchange "
Week's
Last
Range
for Week
Sale Price
ef Prices
Shares
Par
American
Low
Laundry
Machinery
20
American Products prior pfd—
7
Champion Paper & Fibre
•
Chiirngoid
—.—»
Cincinnati
Ball
Crank-..;
Cincinnati
Gas
Common
Dow
Gibson
0
21%
21%
24%
24%
3
„
"ll%
8
4
3'
125
Oct
Pumps
57
Jan
12
65
"Oct
50®
8
200
100
49
43%
46%
133
43%
25
.
57%
-
47
67
67%
-
49
Oct
;
,
Oct
22--
•'
65% May
•
100
•■■■<■••;.34ya
Oct
®'®
11
('
71
Apr
ft
63
Feb-'S
52% May !
8J/2
32 % Mar ®®
59% Sep
3
120
50
-
83% Apr
53% May ®
Jan
v
28
32%
Gas
33%
22%
22%
279.
27% Jan
7
22 %
*
———
Oil '®.
Standard Brands
29 Vb
29%
35
9%
8%
9'A
277
8%
50%
49%
55%
319
49 V4
Gerity
Michigan
Die
-I
Casting..
Hoover Ball & Bearing common.
10
20%
.20%.*..
10
20
Mar
39%
39%
15
38%
28%
—
•
;
■
—
Cleveland Stock
STOCKS
IS®
Friday
Motor
Car.....
Kaiser-Fraser
King-Seeley
Corp
Ranee
27%
Alleghany Corp
Low
Coach
(Un)
—
1
& Body^--..--^5»
,
,
ft?
__
'.
14%
38%
Sep
Sep
.
Salle
common
Wines
42
May
14
:
Jan
80% Aug
28% May
Oct
53® May:.
common
_2
Clark-Controller
Products™..^._^4
Oil
105
—10«
Natural
Gas
(UnlA.
.
i.
,
Electric Controller
Erie Railroad
v
:>•
J
350 ^®
•
100
'
'
.
8%
■»
*
-
5
o
13%
; 21
® v--;
.
4?-Jan
16% May
50
Jan
8% Jun
8% Feb
*
6% Oct
22
,
Sep
Jun
6% Feb
Oct
Sep
-' Jan
% Mar
Aug
'' 15%'Jan
3-
4® 26% Jun -:
Sep
13% Oct
400 " V ® 28 •» Feb
'700 "
14% Oct
' 34® Jah-4
TOO ~rlF 8
Jan'V
14% Jun i
350
; ' v 8% Oct
14% Sep
,
.
.
225
2%
,
Oct
Oct
Oct
2
1,250
50
*3,766
5
816 rvv ' 6
■
.9% Feb
4% Mar
9%
325
..
5%
6%
6%
-
■
685
6%
13%
Oct
25%
-
2 ® Sep
1,000
38%
Products
r
Jun
4,/Jan,
34 ® Sep
600
Central' Electric ••■(Un?,,.,
General -Motors
•
21%:
20
"•
:
^Bros^ common....
5
Preferred. ,—^—50
••__
* -ft® 35
22
:
52
19
1905.
__
Sep
May
a43%
.
Sep
Jan
39
288
25
.
,36
Murray Corp
»ya
common
Rust-Proof
common
»%
Metal
Products
(H W)
u.-
.1
_i.
2
Paper
Scotten-Dillon
_•
._10
common
Mfg new common
Standard Tube class B
1
1
com
Superior Tool
45% May
a
•
Jan
-
„
•■ •■
Union Investment
■;
'•■
ft
*
*
-
,22%
"Oct
ft® 35®
41. ,.:U..63%
105
"75
50
.
r ,52
60
ft
77
21% Sep
Sep
-270
74
35
35
52%
75.
31
72
52
new
60
Apr
Feb
Jun
Apr
Aug
Jan
*51
May
Oct -55ya May
Aireon Mfg Corp__„,„.^
Bandim
Barker
Petroleum
Bros
Corp
J
Co
common
Barnhart-Morrow Consolidated
a39 % a41%
"
~ 185"
.
al0*Akl0% '.
..40
.ftft;
35
37% ft".; ..;.-: 177.
29' * :29
a33% a36%
* ft
16L
^
180
.
"36" "Sep
,10% Oct
35
*
28
-
Oct
Mar
32% Oct
*
ft
-
54
Jun
20% "Feb
"ft 45%
ft:-
Feb
35% Aug
53% Feb
Berkey & Gay Furniture Co
Blue
Bolaa
Diamond
Chica
OH
Broadway: Dept
-
5
~
640
26 %
3%
27%
3%
975
3%
3%
3%
__
■
•.
*
073
„
.
>
430
3%
..
%:
5
Sep
26% Oct
3% Oct
3% Sep
- -t
•
7% July
Corp
Corp__
Stores
Byron Jackson Co^;
Inc
.ft
;_.ft
common.
«
33JA Aug
-i Jan fe
fm 4% Jan v
.,
6% Feb
8%
13%
Feb
Jan
19 y4 Jun
9%
Jan
17
8%
Jun
Jan
23% July
20% May
62%
Jan
17
Aug
1
com
32%May
51%
5
-
6% May
4
common:
Wayne Screw Products
May
'W 88'A Apr
Sep
Oct
' 1,370
' -2,910
'
50
...
80% Jan
Oct
1,000
2%
6%
Oct
.*
Preferred
Walker & Co class
Aircraft
11%
•
6% July
Shirt Distributors^
US Radiator common..^.___._^.^-^-«l
Warner
r
.
5
Jan
3% Jan ;^
*
2% Oct • ' 5%
Jan
17% Oct
33
Jan
21
Sep ft34% Jun--»
10
Oct
21 y4 Jan ft
*. " 2% Ocfcf ; "
5 ' May ;
-6
Oct 7 ft® 12% Feb
2
1% Sep
26% July
8
Jan
,
t
200
—' 100
8
1
Axle......
..
10
100
17'A
21
!
Oct
6
,—10
;
Timken-Detroit
TiVOH Brwiwlng ..
Udylite common
5
'
_ji
Co
1,250
17,930
6
.
6
11
-
2%
17 V*
21
-
•
Co
■
2%
11
10
Chemical
Sheller
2%
__
23% Jan
-
Oqt
49
.
20
60
52
;
2%
2%
17%
Feb
9% Oct
121
69ya^.'.ft:
60
.
60% Oct
"445
..
"
?32
Jan
r < ft-104% July77
May
Oct
260
62
44% May
ftSepft'34% Feb
42%
88
57%
.
'V.v
•
page
«■■■>•
"
•—1
9
108
Jan
-84ya. Oct
:" *
Laughlln
see
259*
30
69Va
__
Jan
25% May
200y4 Jun
-
.
.213..
-
'
a50% a54ya
..
Interlake Tron
footnotes
ft'.
57%
Industrial
Rayon JUn) —
(Un)^*
Interlake Steamship:
Jaeger. Machine n-*
'
'
a36y8 a38%
®
.
8%
Sep
Oct
27% Sep
,.18
Sep
160
SO
a35%'a38y4
a49% a51%
"
—.
Oct
.
•
105;
( .21% ?. .2,866
62
,
common
9V4 Jan
6% Oct
100
a9% al0%
...^^^.^^.,^..10
F)
3%
12
169
400
a56
a40
General Tire & Rubber common——5
>
179.,
7
a45ya a46%
*
Goodyear Tire & Rubber common
Gray Drug Stores^—
.♦
Grief Bros Cooperage class A..___—• ft
..
243
.47"
84%
a56'
ft
—,
v
a28% a28%
-ft •
—
.5% Oct
115
14%®
High
2
1%
5-21
Prudential; Investors
Low
2%
2
—
National Stamping
Raisin
6
.1
United
^17
;
(Un)—1.15
_CUn)..»^-.^-».
a3%
.
105
105
,w
_1:'
ft 8
Manufacturing
For
liy4
Jan
May
28 i Apr
17 ' May
'Ap 36% Aug
,
Mar
•
-
16% July
,
3% Oct
1,600
..1
common
Motor Wheel
River
100
169
6%
■
^
.
Cleveland -Cliffs?- Iron pfd—• ft ft: S5'r ?
Graphite Bronze
Cliffs Corp
a3%
169
J—^
Cleveland
&
*
9
37%
._
Michigan Sugar: Common®;®^
Motor
Peninsular
...
S%
14y4
..100
v
city lee:& Fuel,——
Jones
2%
10
14
2
23
„
Feb
23%
23
Oct
11
500
13%; 14%
14% ®15%
8%
.10
(S S)
Mascn Screw
Range Sine* January 1
High.'
5%
Apex Electric Mfg common....—...1
Prior preferred
:..*100
.
:
22
14
_z
Kresge
Rickel
Shares
Bma Manufacturlng-.«^»80c
American Tel dr Tel,•
Halle
V9
2%
McClanaban
for Week
ef Prices
P*t
.....
(B
•
_1
""y
•' 8%
.1
Jun
Sales
Sal* Price
Goodrich
15%
^ .-I.
.1
Corp
6
22
"
—
-•
..1
5
J-
995
•
5 ? Feb
21% Jun
!"?
23
100
200
51
6%
..
Kinsel Drug common.-^.,...
Aug I
Exchange
Week'*
Last
Eaton
1
6%>v
■'
Hurd Lock & Mfg__.___u,
Parker
Consolidated
-
9
May
23
Oct
5% Oct
Sep
8.^ Sep
V
2,825
r
':
Oct
12%
1,000
>
5%
5%
10
1,5701
12%-
9ya
HoudaiHe-RersheyclassB_^..ft
Hudson
Park
:
i
v
18% Sep
200
Oct k
Jan
53
1
Oct't >■*
14
Feb
19
Oct
895
4^,258•
-5,330
32
50
5%
;
..1
Packard Motor Car
American
-
liy4
-
2%
..
1 .50%
Jl
41%
Oct
Pure
Akron
>
2'A
.10
42
,
Oct
*
10
J,
———
Motors
29%
—
——
City Ice & Fuel
General
'
-
®
31% Oct
2%
7%
14'A
Oct
Oct
,
•
Rolling Mill
Cities Service
Columbia
.r®
Motors
.
11%
5%
..3
Le
American
Ale
Gar Wood Inc
General
9%
6
$4%
,
9
"
Oct
110
500
3% ..,4%
iiy4
ny4
.
ii%;. :11%
Brewing
Brewing
Graham-Paige common
-'Jan
Oct
Sep
4
-
/
31
31
.5
Vacuum common:
11%
12%
10%
11
2
..1
Eureka
®
19%
5%
23
,
23
■
..1
Corp.i^_.Xr?i
Goebel
Jan
®
7
5
Detroit-Michigan Stove
®5%
•
20
14 y4
-
1,240-
14%
9
..
.10
Navigation
common
f
736 ^
-100
19%
:
—
~
^
53%
404
10
..1
Cieve
Edison
'
14
-i
2%
750
'i*
.31%
;.2'A
2ya
%
..
:
14»
10
12%
Machine
Electromaster, Inc
Friars
,
May
® 14
Mar
«ss
Detroit
Frankenmuth
Oct
Mar
2%
500
12
-
31%
—
Federal. Motor Truck
Jan
56% May
Aug
53% Aug
11® Mar
869
47
67%
50'A
50%
—
-
5-5
-r
—
&0
T
-.25%.
-7%
53%
*
70
75
Aug
13%
51
—
10
UnHsted—
52
13,
51
55%
,
Rapid •■LkA
U S Playing Card
U • S Printing pfd
89
7
•
B_^
62%
65
—
i—10
pfd
Gamble
class
62
65
52
4
.
Burroughs Adding
Detroit Steel
May®'
29% May
37
\
..1
McLaren common
Detroit
38% Feb
Sep13
Sep
24% Mar
~
"
_^...
106
;
Brown,
9
Range Slnee January 1
Low
High
,
3
14y4
9
»•
Davidson Bros
Feb
May
May ;.
20
18%
15
,
115
..2
Shares
High
2%
Crowley, Milner i_
Sep
26
„•
4
Sep
Mar
5
"
Sep
253/a Oct
13%
•
Lunkenheimer
&
12
*
86
54
—'
50
...
Procter
25%
62
*
—
National
13%
335
2%
.1
Continental Motors
13% May
105% Oct
4
14%
-
65
preferred.^__100
Preferred
Randall
22
52
participating
Kahn
Kroger
792
9865
3
Art
Aug
5% Mar
Products
Metal
Rubber
Consolidated Paper
May
20
25%
Investment
class A
Hobart
65
42
25%
*
Jan
Sep
Jan
97%
._
6%
43%
12
*
Mar
6
Jan
12%
25%
—
46%
50
98
10
Oct
Low
..1
Briggs Mfg
High
113
7
13%
—•
Foundation
20
106% 106%
13%
*
Eagle-Picher —^
Formica Insulation
Hatfield
••106%
20
49%
7
32%
83
6
25
——50
Drug
J
20
7
50
Telephone
Low
49%
20
100
Corp
34
6
__
American
Baldwin
Range Since January 1
High
32%
20
Street
Cincinnati
Crosley
33>A
5
Preferred
Cincinnati
Allen, Electric
Salee
for Week
«
ef Prices
*ar
Sales
Week'*
Range
:
;
^
Sale Price
4
Apr
THE COMMERCIAL &
|
FINANCIAL CHRONICLE
Monday, October 14,1946
OTHER STOCK EXCHANGES
<
«
RANGE
FOR WEES ENDING
OCTOBER 11
ftftftftftFWdayftftftft Week'*
8 TOCK8
Sales
'
Last
ft
1
General Electric Co———;
General Foods Corp—————.*
CO.1
FAIRMAN &
Goodrich
(B F) Co
Graham-Paige
Stock Exchange
Member Los Angeles
Motors
Iron
West 7th Street
2io
X
a433/4
Corp
———♦
of
Canada
Range
Shares
;
tow
1-
High
-
—100
1
—--1
Corp
Central Investment
Products Corp
Certain-teed
Aircraft Company
Cessna
Creameries of America, Inc
Electrical Products Corp
33
May
25
"
1,430
Oct
16
5V4
Oct
'
21%
22%
ft,;:/ 550
21
Sep
79
Oct
98% Apr!
Sep
Sep
16 %
34%
Jan
79
170
al6 % al8%
204
18 %
143/4
14%
14 3A
515
13%
1.65
1.65
1.80
6,725
350
350
8%
6O0
33 *A Jan
203/4 Feb
2.70 Jun
385
Jan
May
Sep
350
8
49
400
25
Sep
Sep
.
1
,
3
80
300
774
930
75c 87%c
3,800
75c
33
Oct
22c
26c
4,100
20c
Feb
25'/a
Oct
-
,
22c
6%
275
10% Jun
Sep
Nor don
Corporation,
Oil
Oceanic
Pacific Gas
6%
5%%
1st
1
1
500
15c
10%
40c
1.70
•>;
,
"
,
i
l<
*
,
'
•
\
Ranch
Oil
1
Company
Jan
Sep
600
9
100
40c
Sep
Sep
1.25
Apr
905
37 Va
Oct
45 y2
-39%
40
370
39 y2
Oct
453/4
Oct
403/4 July)
65
Aug
37y4
200
58
Sep
7%
7%
8
75c
65c
70c
2,800
560
13%
Ryan Aeronautical Company——1
6%
6%
200
6%
Stores,
Roebuck
Sears
Inc
&
•
Security Company
—30
—u.15
—
Shell Union Oil Corp.—
Sierra Trading Corp
Oil
Solar
——1
Pacific
Co
Textron
Iuo
Calif
.
-
32%
29c ft Sep
90
Oil
Union
Tel
Oct
20%
Sep
26Va July
30%
Budd
Western Air
-
Delaware
Electric
Motors
Sep
Jan
393/4 July
& Lt
69%
42 y2
._l
7%
Penna
1
3%c
25c
Co———25o
&
Power
Jun
May
227
48% Sep:
18%
92
75
230
18%
Sep
213/a
465
20%
Oct
25
25
a9'/2
all
a47% a497/a
963
25
Oct
60
11
Apr
51% Jan
Jan
96%
Oct
al7Va a!83/a
160%
76% May
Jan
653/a
2,952
Jun
Aug
Apr
7ya
Sep
70
Sep
Feb
65%
60 y2
24
160% Apr)
37% July
3%
July
Aug
119%
Sep
Sep
66
95
a55% a57 %
67
Feb
a49%
53
131
22 3A Aug
513A
Feb
39%
26%
Jan
Jan
60% May
Oct
14%
220
for Week
Share*
Low
9%
11%
632
79%
853/4
1,179
/
J
168%
18% Oct
9% Oct
79%
200 3/a
Oct
"
Oct
Co
6%
Oct
123/4
939
10%
Sep
7% Sep
26% Jan
20%
3,012
19%
Oct
26%
50
6'A
42%
40 ya
42%
468
40%
Oct
50%
49
51%
3,083
Oct
80%
,72
491'
40%
Oct
70
388
11%
Sep
17%
6%
Oct
17
41%
40%
41%
11%
;
11%
12%
132
7%
2
5%
5%
20%
5%
/
1%
Sep
5% Oct
965
V
5,305
Jun
Jan
May
Jan
2%
Jan
Sep
9%
Jan
22 y8
1,336
Sep
27%
Jan
26%
24%
26%
5,407
24%
Sep
47%
Feb
39 y«
39%
40
855
38a/a
Oct
49 % July
3
—
'i-Jft11
—
21%
23
18
ft
17%
18%
_
_
Corp
__
■}ft,^-'
ft),
33% Feb
12%
Jun
42
5%
Oct
285
42 Vb
Oct
60
ftftft;; 132
61%
Sep
78% Jun
52
69% Aug
63 3/a
63%
60
1%
60
13A
100
13/4
Jan
Oct
33A
•
: .3%
4%
2,337
3%
Sep
3%
Oct
39
July
4% Feb
5% May
7%
Jan
3%
3%
•
-13%
3%
1,850
45%
m
.
46% Jan
17% Sep
392
5%
"
common
33% May)
Oct
45%
f-'iX'mm
pfd
30% May
Feb
20%
5%
_
___
Sep
27%
42%
1
•
«
243A
57
1,380
273%
293/3
20%
20 %
4,932
"
25%
29%
26%
—50
preferred
United Gas Improvement
3%c May
10c May
6%
1%
63%
Tonopah Mining
Sep
Apr
55%
ft:
011
Corp
Jan
50
•
*
common
Invest
Feb
Jun
19%
•'
•,
38%
26%
140%
11%
6 %
12%
407
203/8
18%
20%
42% May
Jun
27% Jail
650
1,937
27%
High
Lou)
30 VB
168 >A 1723/4
22%
171
ft
Range Sine* January 1
High
/ft
».
Tacony-Palmyra Bridge—
Class A participating
14% Oct
5c
Sale*
Week'*
Range
of Price*
—50
Salt Dome Oil Corp
Scott Paper common———..
Oct
1,000
,r r
Light
21% May
Oct
19
11,000
230
a33A
-1
13%
21
4c
205
41
Mar
53
92
92
50
Reading
1,885
11c V.
169
10 3A
5
ex-distribution-
25% July
2,758
lie
July
a25% a29 '/a
*
Oct
21%
3%c
.
;V'V
^
Jan
38
49 W
18%
207/a
•
$3
Gold Mining
23
49 lA
a3y4
—10
_
Salt
United
Imperial Development Co Ltd
76 y2 May
Oct
18%
1
12% Oct
1,000
Sep
Sep
—
»—*•'>
Philco Corp common-
20%
*6c
643A
15
249
a26%
Jun
120 r
58'A
Il3%
59% Aug
21
6c
57
July
49% May
58V4
—
92
13
Light
14
Mining StocksCardinal Gold Mng Company
Feb
Sep
82%
Feb
14%
—
July
33%
Par
•
Manufacturing
Philadelphia Electric Co common
$1 preference common
80
"
57
38
90
Friday
_
38% Oct
,.
18 ya
224
al6
all6ya all07/«all7%
—100
Pennroad Corp
1,355
19%
10
v
50
Sale Price
Lehigh Valley RR_
National Pr
1,424
170
May
13% Oct
200
10
Pennsylvania RR
19
25
W)
Lehigh Coal & Navigation
Penna
6,745
July
35
18%
__1
Brother* common———
Glmbel
Jun
14%
183A Jan
40
2,375
12%
Inc..
(F
—
Feb
12 3A
28% May
Feb
21'A
a33ya a32%
al8%
Storage Battery
General
Transit
Zenda
&
Jan
13%
•r
18%
•
common—
42 V\
®27ya a3l%
al5J/2
145
:
'
Feb
253/4 Sep.
„i.
_
Power
32%
—
Inc
Lines
Pub Co
Curtis
31 y2
133/4
Sep
20% Feb
46% May
523A Sep
30
1,350
a66% a67%
•
Sep
12 3A
a37
a39% a408/»
69%
Co A-—
Oct
2,505
25
a34Va
-
9y« Oct
1,545
a40%
a56%
A
Baldwin Locomotive Work* vtc.
30% Mar
8%
27
•
Chrysler Corp —„
Cooper Brewing Co
37v
7%
26
14y2
•
& Tel
29%
>
120
a24ya a24ya
'
36% July
47
52%
2,111
13%
•
Store*
American
300
41%
Sep
33% Sep
•/) :./445'•;.;)
a22
a36'/2
100
.V..--..-.
935
8
Co
Co
*,
1,270
53%
12% Feb
297/a Sep
25 Vb
10%
27
.
(.ft,.
.
30
38%
5
California
of
-
_.""'t
«nn
Universal Cons Oil
.)
.
37%
50%
510
1,632
9%
__
•
Company
31%
41%
Jan
29% July
5% Oct
.1,575
3l>
26%
>■ B20%
___
9%
10
Motors
29%
53%
a
Corp
(Del.)
Tel
') 37%
30%
6%
.220
.
July
1.80 July
Mar
15
1,566
30%
393/4 Apr
14%
72
31
65
1
Sep
'i
19c
1,274
-——-—50c
Corporation
Transcon & Western Air Inc
68
11
9,200
Apr
Feb
Jun
8c
23,500
1.25
15%
15
^
ftft-ft" 1
'
22c
al3% al4%
-
29%
*
' '
——
Transamerlca
.
49%
Jan
1.10
25
Company—.—.—*
of
Oil Gnrp
Sunray
•/ •.'.
25
25
preferred class B_.
preferred class C
Gas 6%
pfd A
Oil
25
34% May
Sep
a76% a76%
„
15%
Calif
eoutnern
53%
30
1.15
a 14%
5%%
Standard
! .'&VrV
•
Corn
Aircraft Company
6%
19
65
18c
.■„*
1
Southern Calif Edison Co Ltd com
So
55
25c
Signal Oil & Gas Co A
Signal Petroleum Co Calif
Sinclair
55
a29 a30%
—
1,682
?:
1.20 May
Jan
39
a30%
i-
36 ya
36%
37%
Jan
16%
36% May
Sep
19% Feb
Last
20'A May
10
Feb
Oct
Sep
243/4 Sep
206
a22% a25%
a25%
-
Co
11% May
Oct
52 %c Mar
14%
Safeway
Union
American
7%
800
■. -
*
Co
..
a485/a a50%
Corp
Jan
181
5%
30%
a507/a
STOCKS
<
I
common
35 %
Oct
Bep
243A
35
22 y2
ft25ya
*
Co
Steel
Jun
13%
Corp
993A May
Oct
14%
11
Apr
May
Philadelphia Stock Exchange
39,570
39
37%
65
200-
51
^
10
37c
Jan
153/8 Apr
75c
Jan
2.70 Feb
13c
15,800
40c
59%
Jan
1.50 Jan
17C
37%
47
Apr
Oct
*
Oil
Richfield
103/b
5%
1.00
10%
59%
•■■■•ft'.
10
Rubber
S
Woolworth
1.75
——
Republic Petroleum, Co common—....1
Rice
Feb
22%
1
—
30%
9
Inc
Willys-Overland
1.45
—
45
a34 a343/0
....
Westinghouse Elec & Mfg Co
Apr
37%
.
Sep
253/4
•
Warner Bros. Pictures new
8 3/4 Jan
97y2c July
Sep
37c
...
40c
17c
10%
—25
•
preferred
3%
2,000
450"
6%
1.05
25
Lighting Corp common
70c
5%
1.05
Elec common.—2d
5'
"
'
62 %c
—
....1
...
1st preferred
Pacific
'
Co—
&
—
1.75
Oct
95c
900
1,175
53A
May
Jun
Jan
S
Western
1
Petroleum Corp
Occidental
2.30
Oct
,
Carbon
Corporation
42 y2
Feb
1.05
273A
•
Railroad
United
27
1.15
«te
Jun
1.25
1
1
..1
—1
10%
a34 %
Gulf Sulphur Company
42c
1.15
25 y4
y
Inc.
Air Lines
25%
1
Apr
40%
180
120
25
Co
Pacific
27
Northrop Aircraft Inc
Webster
United
1.25
Co
Ltd——..
&
1.55 Feb
-
U
410
•
:
Oil
Carbide
U
5,175
y,
Company of Del
Union
Sep
Company
15%
10 y2
a27'/8 a27»/«
Company —————*
Tide Water Assoc Oil
10 %
Petroleum
Oil
Texas
May
May
20% Jan
Monogram Pictures Corp
Mt. Diablo Oil Mng & Dev
10
„
C
Sep
Merchants
Co
25
Oct
Menasco
Apr
Sep
Sep
835
Texas
8%
4%
60
v
1,186
a33%
15 y»
1.05
41%
11%
25
1,010
95c
266
65%
21
2,557
3%
Feb
44
al5%
16
4
31%
15%
1
9%
1
42
Sep
; 65
*
8%
Company.
Manufacturing Co
Jan
Oct
16%
H3/4
Studebaker Corp
Swift & Company
15%
Oil
20%
30
14'A
Stone
9%
Mascot
121
•217
—
Railway Co
*
Co (Ind)
25
Standard Oil Co (N J)—————35
153/4
•
>liV) Sep.
325
Jan
al8
a25% a26%
13%
—1
1
15%
60% May
,„o
.
15
—.....——1
Lincoln Petroleum Co
10c
Lockheed Aircraft Corp
—1
Corp
Wells Co—
Lane
Oct
Oct
l
Rft—;
Aviation Inc__
American
Union
G3A
r
Xntercoast Petroleum Corp——10o
Jade Oil Co
10c
Kaiser-Frazer
Central
American
Southern
Feb
Jun
Apr
Jun
50
Oct
15
16%
.
York
Standard
1.95 Jun
Oct
1.25
26%
6%.
6 3/4
15
Corporation——1
Hupp Motor Car
a82
1.35
25%
6%
common
172
a80
——
793/4
38%
76
100'
Oct
Sep
1.25
•;
———1 :
Holly Development Co.
Motor Car Company
*
Inc
y8
57
a50% a54%
a52%
Hudson
Foods
26
25
Hancock Oil Co A common————*
Hunt
OI »-*•
CO
New
Bocony-Vacuum Oil Co
-
common——10
Gladding, McBean & Co
•
Goodyear Tire & Rubber Co com——♦
General Motors Corp
11%
5%
43%
42 ya
18
Montgomery Ward & Co, Inc-—*
Seaboard Oil
19% Jan
Oct
737
4,359
8%
8
24
Sep
10
Inc
Radio Corp ot America————^*
Republic Steel Corp
•
440
Bank—100
Farnsworth Television As Radio.—... 1
765
8'
al6y4
a26%
Phelps Dodge Corp—
Pullman Incorporated
Pure Oil Co
38
& Merchants Nat'l
Robbins
Packard Motor Car cn—.
36 %
79
11%
Feb
135
■
a41% a43'/a
•
Paramount Pictures- —_u——_1
Pennsylvania Railroad Co
so
Apr
Feb •
46% Feb
31
Apr
ai7%
6V4
a29'/8 a29%
44
23% Jan
136 V4
10% Oct
40
al63/a al6%
Sep
7/
Ohio
93/4 Feb
Sep
79 %
Vl;086.
11%"
69
'
10
High
513A
53% May
77% May
Aug
Sep
22%
*
Farmers
22
37
*
Exeter Oil Co, Ltd class A
>
Corp
Inc
North
Jan
50
10%
al6%
50c
-——
45
430
•
*
Inc.—
Douglas Aircraft Company
Dresser Industries
17%
a4 Vb
ft
lliya
—20
*
1
Consolidated Steel Corp—
16
,79% A- 85 /
common——u.—*
Preferred
517
17
-5
Chrysler Corp L—
Colorado Fuel & Iron
22%
22
Feb
"
10%
•
North
»
35% Sep
75
a4 %
Packing Corp common----*
California
a303/4 a32%
50 Y<
57/a
__
Loew's
'
AZ
Oct
V >) .244;'.-
a40s/a a43%
a 17%
Llbby, McNeill & Llbby
■K; Rang® since janoao*
High
Low
36%
fn«nv.«v
for Week
ef Prices
'
Last
■ale Price
Low .«.;■■
1,238/;
11%
•
Range Sine* January 1
38ya
6'/a
•
•
McKesson &
STOCKS-*
•
—
Corp
International Tel & Tel Corp
LOS ANGELES 14 — TRinity 4121
—
Shares
a39% a43%
a69% a69%
—
-•
Kennecott Copper
SCHWABACHER & CO., SAN
YORK
ALLEN & CO., NEW
■>-
.
preferred
International Nickel Co
Dirocfc Private Wirei lo
"
for Week
" ■
High
36%
—
»
i—
Great Northern Ry Co
Interlake
'
i tow
Par
COMPLETE INVESTMENT
_
Range
-
Sale Fried))/ of Price* ■
/.ft/A-ft
47%
114
45% Oct
56% July
1,330
18% Oct
303A
183A
19 y$
19%
Apr
ft Unlisted Stocks—
Rad
& Stan San Corp
Smelting & Refining Co
Amer
Amer
13%
•
___•
American Tel & Tel Co
M
100
American Viscose Corp
14
Atch T & S F Ry
Atlantic
Co___
Refining
Aviation
473/4
Sep
1,206
168 V*
Oct
a85%
'•
25
'•*
——ft:
Corporation
51a/a
513/a
35 %
13
425
10%
85
,f -./I/ ■'*. 'a
Feb
-
Jun
110
34%
Feb
50
6%
Oct
May
13
20%
19
Oct.
38%
Jan
Blaw-Knox
Barnsdall
,_5
a233/a
a22 a233/a
45
22%
Jan
303/a
Apr
Columbia
5
a33%
a33% a35%
180
34%
Sep
Sep
Oil
Company.,
Corp
Bethlehem Steel Corp
Boeing Airplane Company
Borden Company
,
Aviation
Borg-Warner
715
20%
19
953A
a23% a23'A
50
.15 / a47%
a47 Va a47%
953A
—
33 ft
52
55
Apr
Feb
1123/4
333/a Mar
Jan.
52
Aug
Aug
&
*
Electric
Commercial
Pacific
Case
Co
I
J
Railway Co
25
165
52%
Jan
543A May
Lone
355
12% Oct
22% Feb
Service
100
39
Sep
Sep
Sep
•
Columbia
Gas
Commercial
Co
&
Electric
Solvents
Corp
Corp
a59% a60%
80
59%
a203A aa3yt
107
23%
Commonwealth Edison Co
25
?
Continental Motors Corp
•LV-N,:
3%
1,050
20
ft 20
305
11
1,118
25
35%
27
„
•
—
10%:
5
National
41
Ohio
Jun
13%
Oct
Jan
3iy4 May
Mar
95
3
I v/s-r it
(Del.)
20
a30% a30%
—.
•
I
83/4
173
a34% a34%
*7'
Commonwealth & Southern Corp
Cons Vultee Aircraft Corp.
Continental Oil Co
ft
a21% a227/«
21%
•
608
9%
83A
*
Zellerbach
Corp
Curtiss-Wrlght Corp
Class
•
A
5%
1
'
1
Electric Bond & Share Co_jj.
—__5
Electric Power & Light Corp
..*
For
footnotes
see
page
1905.
••■
-al5%-
al8%
a 14
'l;
27
27
5
610
6
a
18%
205
-
V8 al4ya
a!47/# al57/*'
55
75
105
60% May
16%
9%
3
35%
Oct
323/4
Jan
Oct
237/a
Jan
Ruud
Sep
35%
40
Apt
,Jan
July
Apr
53A May
29
Oct
34
21%
21%
20%
Sep
15%
Jan
22
10
Feb
12%
*
21%
14%
—•
5
7%
18
18
11%
—
1
10
Corp
1
—*
—
10
36%
•
1
8
1%
ov
•
..)/.. ..15.
11%
15%
14%
50
5 V(
5%
Oct
18
vfcep
ft 15 </Sep
12% Feb
333/4
v
15
Sep.
,
26'
29
,
Feb
Apr'
May
Steel
^
)
Springs
United States Glass common
Vanadium
Alloys
Steel
Westinghouse Air Brake
Westinghouse Electric Corp
24
6 3A
1
Mar
-4%
4
Oct
1
v:
Jan
Feb
34% May
July
Jun
173A Aug
13%
Jun
23A May
63A
Feb
Feb
63
63
63
Sep
35
36%
32%
Sep
48%
Jan
7%
Oct
14%
Feb
Feb
7%
1%
24
8
1%
_
1% May
22
24
28,400
140
1
15c
15c
15c
1
1
*
12
10%
12
13
10%
12%
507
38%"
255
• ", 27%
com—12% 24%
10'A Jan
1,746
7%
7
4
*
Brewing common—
t
Mfg
Standard
Jun
Sep
Sep
Oct
Feb
14
Jan
241/4
Renner Co
10%
31
Oct
23/a
24%
Pittsburgh Plate Glass
Pitts Screw & Bolt Corp
303/a Sepv
23/4 Jan
Oct
8%
175
16 //
Fireprooflng
Preferred
16%
100
238
Oil & Gas
Pittsburgh
10
452
3
8%
24% )
San Toy Mining
Crown
Jan
26
Gas
20
■;
9%
37%
513/a May
78% May
ft
High
135
241/4
Mountain Fuel Supply
10
Caterpillar Tractor Co
Cities
Low
42%
25%
Refractories
a34% a3Gy4
—-
Range Blue* January 1
High
40%
10
Harbison Walker
Star
Shares
.—5
Devonian Oil
Duquesne Brewing
12%
12%
23
nv\
1
Corp
McKinney Mfg
Canadian
—
*
Co
Gas
Continental
a38»/a a40%
a40%
.—5
Corp
90%
545
a23JA
•
5
50 3/4
for Week
16%
——*
Allegheny Ludlum Steel—
Range
of Price*
Low
Par
Baldwin Locomotive Works vtc
Bendix
.
Sale Price
14% Feb)
\ ft -
Last
Sale*
Week'*
Friday
18% May
119%
Oct
970
7%)
6%
Sep
51
Sep
485
Pittsburgh Stock Exchange
Aug
533/4
Oct
a79% a85»A
Ffeb
Apr
198
Oct
620
a363/a a37%
—
; —
245
3 7'A
12%
v
513/e
35%
•
13
Co
23
68%
Oct
30
al68V4al72y4
37'A
Copper Mining Co.
Armour & Co (111)
13%
1,030
a483/a a483/«
:
^
Anaconda
14%
.-i
—.
):
May
80
2%
27 ya Aug
15c
Sep
6O0
12
Oct
Jan
24%
5%
Jan
Feb
28% May
Jan
Sep
46
26%
28%
.26%
Oct
41%
Jun
23%
25%
23%
Oct
39%
Jan.
38
38
f THE COMMERCIAL
Number 4533
[Volume 164
:
& FINANCIAL CHRONICLE
1901
OTHER STOCK EXCHANGES
-
I BANGE FOB WEEK ENDING OCTOBER 11
Week's
Friday
STOCKS
Sales
Last
*•
«'
<*
>
,j
>
*i
'
t{Vr
' L -f-"?/.
/
v
*
>c/a
.
r
'
•*"'
"v"
"'
Established
Huttig S & D common
Preferred
1871
New
St.
York
Louis
Stock
Stock
Chicago Stock Exch.
f\
"
'
>
'
,
1' r /
Phone
Teletype
Week's
Sales
Range
of Prices
Par
American
Brown
Inv
Shoe
Century
Co
Bottling
Brewing
Columba
Emerson
Brewing
100
Brew
15
114 %
1
common—
Grlesedieck-West
35
7%
7%
26%' 27
5
preferred
Electric
Falstaff
common
X-
U
114% 114%
21
...
21%
53
Jan
Jun
9J/a
Oct
35 Va
25
•]
—,
•
Jun
July
Jun
18
,
.—♦
Goods common.
Jan
Mar
28
Sep
common
Jan
'
—
53
45
23
113%
21/
125
16
Feb
24
Feb
Sen
116
—.
|
Jun
Sep
—
5
IB
1
'
Jun
—
,
Oct
'
May
35%
A/:•/...
Unlisted—
General Electric
common..!.36%
26% Aug
General
common
68
Oct
Ma*
50
I
1
Feb
Sep
15
——100
Stix, Baer & Fuller com new——
Wagner Electric common
Jun
10%
35 V2
Aug
1
class A com
Serv
Pub
Scruggs-V-B Inc 1st pfd.
Sep
26
Louis
Sterling Aluminum common™
15% July
Sep
7% Sep
75
10
21'A
St
High
Mar
33%
100
15
53
•
common
Low
A
10O
35 Va A A 165
35
1
5%
Light common
Gas
Steel
Rice-Stix Dry
Range Since January 1
12
26%
10
common
15
27
v
Week
Shares
High
11%
15
common
Electric
Coca-Cola
Low
common-.-.—1„
- ~ tor
Oct
Sept
com
McQuay-Norris common
25
Midwest Piping & Supply com
»
Missouri Portland Cement com——25
St. Louis Stock Exchange
Last
"
'-r
Prod
Clay
Laclede-Clrristy
Laclede
Friday
j«1
%
1
Key Co common-.—
593
SL
Laclede
Sale Frice
1
CEntral 7600
"
Bell
New York Curb Exchange Associate
STOCKS
common———.*
Shoe
i
1
•£
Jan
——100
—.
Jun
Jan
8
//v
v.
Chicago Board of Trade
High
317/a
25
,Johnson-S-3 Shoe commoxi new—
.
Exchange
Exchange
i—
International
St., St. Louis 2, Missouri
;:r:|/T/ ■'.
5
—.•
Range Sine# January 1
■
Hydraulic Pressed Brick common—100,
.
Members
Shares
Low
'
Edward D. Jones & Co.
300 North 4th
for Week
of Prices
v-v.W
— y-
i-
^
»
Range
Sale Frloe
Louis Listed and Unlisted Securities
11'
t.
North
Feb
Motors
36% 38%
50%
—10
25
American
49%
25%
—
51 y2
25%
CANADIAN LISTED MARKETS
RANGE FOR WEEK
(ENDING OCTOBER II
:
.
STOCKS
Friday
Montreal Stock Exchange
Fonda
Canadian
STOCKS
/
,
.
'
.
• %
Steer
Aluminium
Aluminum Co of Canada 4%%
Anglo
Can
Tel
Corp
Argus
4%%
Co
pfd—25 I,
preferred—'
preferred
Corp j
Ashdown
Hardware
Bathurst
Power & Paper class A.
conv
Bell Telephone
i/S; Rights
100
—-
Trac
;—s
Light A Power.—
Columbia
Columbia Power Corp A
Forest
8% May
Industrial Acceptance Corp com
International Bronze common
287/a
Sep
38% Aug
Apr
Jan
16
Sep
26
Feb
International
130
Jan
227
May
26% July
Preferred
5%
International
Petroleum
Sep
51%
Oct
International Power
Sep
Sep
12
Feb
94
23
Apr
Jamaica
Jan
102
16% May
28%
Jan
37%, Apr
(John 'A)—
*
22
22
25
18%
Lang & Sons Ltd
Laura Secord Candy
Legare preferred
10%
100
10%
Oct
30 V8
Jan
Lewis
5,237
20 V4
Sep
Jan
•
Building Products class A
2%
2%
22%
22 y2
28
29%
14
15%
•
;
Dredging
29
;
5
5
2%
Brothers
35
MacKinnon Struct Steel
May
Preferred
Sep
5% May
29% July
Cement
$1.30
Iron
Canada
100
Foundries preferred
Northern
Canada
5%
19
preferred
Canada
»;
common.—
810
35
Jun
24%
Feb
Mitchell
Power
8 team ship
preferred
50
Canadian Breweries
Canadian
Bronze
Preferred
"
1
Class A
7%
25%
24%
25%
44%
U..;
47
63%
110
255
20 V4
78
4%
4'/4
24%
24%
420
Jan
33%
34%
160
July
15 y4
15
16
1,590
Sep
131/3
13%
14%
535
12%
365
22%
110
15%
Sep
Sep
Jan
24%
27
17
16%
17
12%
14%
7,681
12%
Oct
24%
12%
12%
700
12%
Oct
19
80%
77
81J/2
1,746
77
43
43
70
41
30
30
125
29%
Jan
Dominion
Bridge
Dominion
Coal
11%
11%
200
11
Sep
16
Dominion
Dairies
Preferred
—
Dominion Foundries
17%.
19%
4,715
17%
Oct
30
33
1,325
31
Oct
45l/a
375
1?% Mar
23
10 y8
10 Vb
249
10
Sep
& Steel com
31
31
25
31
Oct
37%
♦
29%
_ioo
■
42%
38
—
29.ya
42%
__
100
—
38
100
•
27%
42%
Oct
38
Aug
135
Dominion Tar; Sb Chemical common., • *
Preferred ——
—.—100
—
conv
15 Yo
3,543
23%
25
26
26
10
%
25
25%
25
96
98
181
181
105
1
—
pfd.100
~
23
Sep
Jun
90
Jan
184
107
21%
25
485
24
19%
16
210
*
17%
18
1,320
15
♦
26
26
100
25
Gatineau
5%
Power
common
'y j
/'
preferred
__
Goodyear
Tire pfd Inc 1927—
(Charles)
common
Gypsum, Lime & Alabastlne
Hamilton
Holt,
Smith
Preferred
•
joO
see
page
1905.
*
Mar
,
Sep
34
195
14% Jan
20
-
.«•»«#
'''
j
Sep
7y4
Breweries
1,085
15%
Sep
20%
105'/a
{,
5
55
55
10
14%
855
-
Jan
35
35%
86
30
>. Jan
45
45%
.
18%
1,257-
50
50
14%
23%
25
1,400
25
25
43
•
25
»
25% Feb
Jun
f
May
Feb
56
34
,
Oct
53% July
8% Mar
?
12%
Sep
109
Canada
new
com
common—.
49
47
49%
28 7A
'14%
:
Jun
'
52% July
14 y4
Oct
30%
Sep
21%
s'31'
24% Mar
1,317
28
398
45
72
Sep
Sep,
26%
Oct
Apr
May
:
Apr
Jun
182
182
10
175
Jan
18
18
18
40
18
Oct
5
5
5
150
5
Oct
8%
Feb
100
100
100
100
1
100
Oct
103 %
Apr
182
26
81
Oct
69
•
Feh
Apr
69
69
14%
14%
200
14%
Oct
23
31%
30
31%
435
28
Sep
30
Apr
12
11%
12
455
10
Sep
17 y2
Jan
55
7,685
70
6
55
101
101
101
14
14
1,315
20%
48%
20%
15
100
7%
2,005
6%
7%
27
•
Sep
14
*
73%
Apr
Sep
100%
165
105% 105%
20%
Feb
102 y2
July
Sep
45
87
14
19 %
17% Jan
-103%
Jan
A/e'A Sep
•'
Apr
22
Apr
9% Mar
39
Jun
27
485
24%
Sep
35
35
300
34
Apr
41
Mar
83
Feb
113
Jun
94
100%
495
21
100 %
21%
2,684
*
29
29
175
175
13
13
12%
-A
Tobacco
.
July
14% May
25
Jan
77
9%
—
*
116
/
.82%
•
10
73
Sep
83
Sep
165
Jan
8% Jan
1,715
82%
74% Jan
45
92%
Jun
Oct
Sep
10
300
88
Apr
Sep
9
130
79
182
9%
17
1,995
May
34
Jan
13 y8
335
9%
88
94 y4 May
182
13%
Apr
Feb
99
May
159
Aug
200
108
150
24
Oct
36% May
106 y2 106%
25
105
Feb
108 Va May
13 y2
3,748
•J
94
0<i
12
13
•
119
114
100
common
1,515
16
182
A——*/;:
——2
18
102 Va
95
9 %
88
•
;
105
17
-
,
Winnipeg Electric
12
50
—
100
.—
——
65
77
*
—
16
12%
15%
•
preferred
(George)
July
V27%. 27%
1?
-—l__———.——25
38% May
Jun
12
A
Mar
185
160
*
common
20
10
105
.
26% Mar
125
13
12%
♦
*
Canada
—
21
—•
Walker Gooderham & Worts com
13
'
/
Sep
10'A Sep
21'/2 May
26%
71
.19
40
12 %
Feb
50
Apr
720
26
Sep 1
52% July
35... Sep
■
28%
53
53
53 V4
355
37%
35%
37%
1,117
6% Sep
Oct
!
v 38
54
50
,
Apr
Sep
May
Jan
20
16%
Jan
22'A
19%
Jan
10
24"%
21 Va
Jan
27%
Apr
10
34%
33%
Sep
39%
Apr
22%
20
Jan
10
—
Nova Scotia
Royal
;
—
——10
'
Bonds—
Montreal
Apr
30
——10
—
—
•
;
104
••
*
Montreal
7
■; 50
28
.Jan
27% July
—-
Banks
Commerce
Jun
27%
95
40
300
pfd——————25
6%
Canadienne
Mar
18%,
Limited
100
100
l°n
Preferred
Zellers
>
Mar
.106
25
*
100
Power
Wabasso Cotton
x
■
Jan
35
*
B_————*■
——
Chemicals common
Weston
153
28
"
Canada
Tuckett
—
23%
pfd—100
United Steel Corp
May
Aug
56
•*
.
May
52
Sep
Sep
44
40
22--
52% May
28% Mar
J-
14%
100
of
Ltd'class
Preferred
-.j-
6%
50
28%
104
20
12 Va
14
14%
■
Sep
•47
Feb
105 Ya
16
19
45%
Li.—.
V T G
Steel Co of
Apr
17%
898
49%
30
•
Standard
Feb
Jan
3%
16%
■
Paper Mills 6%
Southern
May
111
105%
5,895
18%
30
50
common
Southam Press Co
Feb
25
16%
100
common
Oct
.
350
"
Paper
15
——
——
Preferred
22% Aug
22
May
22% July
4%
«.«*
common
footnotes
17%
12 Va
•
Hudson Bay Mining & Smelting
For
100
Sep
109% 109%
™50
Bridge
Renfrew
Howard
17%
109%
•
Preferred
Gurd
i».
•
General Steel Wares common
20
20%
49
-
Jun
15
"./■§,!;!'/'• '/A './
Preferred
100
General Bakeries
395
19%
17%
•
—*
Power
preferred—
Corporation common
■.Simpsons
Apr
Foundation Co of Canada
15
.
Jun
13
Eddy Paper conv class A
Electrolux Corporation
Famous
Players Canad Corp
21
Sicks'
Aug
21% Aug
Feb
L
Williams
Sherwin
y2 Aug-
Jun
Oct/
•
—
#
Mav
Jan:
102
12
23
•
Rhawinlgan Water & Power
May
120
165
175
1
preferred
St Lawrence
Feb
6
15 y4
20%
32%
26
Apr
Jun
14
70
*
—
St Lawrence Flour Mills
May
95
14 y4
£51/4
A
28% May
24%
395
-
->
21%
————
—
23
33
14
16'A
1,845
-
100
Power
Preferred
Jan
Co
be Lawrence
51% July
41% Jun
12% Mar
26 y4 May
37%
30
—*
common—
Feb
21%
155
105
96ya
100
Paper 4ya%
13
23%
/■■
13%
—
*
•
—•
Dryden Paper
.
Pow pref—-—
Transport
Saguenay
July
'V-y?
f •"
Apr
Jan
100
A
i
preferred
Quebec
14
Sep
5
'
Dominion Steel & Coal class B—25
Dominion Stores Ltd
—;
——^'
Dominion Textile common
5%
May
35% May
—
July
Sep
Feb
35
....*
common
Development——
Jun
35
—
85
21
29%
21'/a
*
River
Provincial
Jan
16%
10 y8
Jan
13% Sep
v
265
*
Power Corp of Canada
Price Bros & Co Ltd common
Feb
16%
2,708
•
Powell
May
31
,
Jan
80
Oct
49
•
—
Placer
Jun
50
18%
*
common
Dominion Glass common-——-—
Preferred
102%
32 %
25
12
23%
*
common
Products
Ht &
Ltd
Penmans
Jan
•
j
preferred
90
Jan
34
-i————.*.25
.—
Steel
Ottawa Lt
May
17%
—
Preferred
33% Jun
46
•
common
Oct
5
20
■)-.
*
Ottawa Car Aircraft———
Apr
Class B-———-
15%
90
18
,
Drug preferred———————-
Ontario
Feb
12%
30
80
16V4 Aug
20
*
Noranda Mines Ltd
Jan
14
•
Distillers Seagrams old
Donnaconna
53
25
Davis Leather Co Ltd class A
15
20%
14
•
common
Oglivie Flour Mills
26 y2 May
25 y2 i tay
5
Smelting
10
6
100
Corp
Niagara Wire Weaving
44% May
24% Aug
25
Z>
90
Oct
13%
23%
—40 "
—
National Steel Car
Aug
•
Consolidated Mining &
Consumers Glass
Preferred
July
Sep
235
■
National
Jan
_30
Cockshutt Plow
Preferred-.
Apr
May
.22% May
325
—
National Breweries common
29 V2 Aug
•
Locomotive
Jun
53%
•
B
Donohue
Murphy Paint Co
*
Investment
Canadian Oils—
■
53
—•
———
Foreign
Canadian Pacific Railway—
.
19%
60
Montreal Light Heat & Power Cons
Montreal Locomotive Works
Tramways
255
Feb
28
14%
33%
•
100
common
Montreal
860
18%
19%
Canadian Ind Alcohol common-———**
Canadian
14%
•
14
15
110
13%
Cottons
20%
*
i
Breweries
Telegraph
25
———
Class
110
Jun
*
•
(Robert)
Montreal
50
•
Oct
16
15 :
*
14% May
22% Jan
5,682
44%
•
common
preferred
Rights
56
44%
20
Canadian
47%
*
.--.100
—
Canadian Car & Foundry common
Canadian Celanese
380
23 Va
Jan
14%
6
100
.
—
Montreal
Jun
307/8
Sep
9
14%
25%
12
•
common
common
;
—
30
2
10
47
47
'
<
3,890
9%
12
,12
9%
9 >/2
•
—
30%
14% Jan
14
12
.«*.•
common
1,310
30%
30%
*
Corp
19%
Jan
23 %
80
*
McColl-Frontenac Oil
14
18%
19%
30
6
v
50
27
90
14
100
common
Massey-Harris
Sep
24 y2 May
Jan
20
27
13%
.i
—
5 Ya May
;
110
...
pfd
;
Apr
20
•
———
19% May
23% Jan
50
.
:
3
————25
-
Molson's
Canada
common
London Can Investments
*
May
Jan
Jun
30 ya
18% May
Jan
Apr
Sep
60
Sep
29
24
Jan
Oct
10%
12 y4
216
27/a
Jan
45
626
25
Oct
27
27%
14
190
45%
12%
50
Sep
45
Oct
Apr
3,515
-
j
Apr
'
100
Sep
1,650
14%
45
12
:.i"
Feb
250
7Va
3%
140
105 %
,
13%
Oct
29
Oct
•
;
May
31%
5%
23
39% Sep
'47
59
V
26
1,160
3%
40
Oct
13%
47,130
29
Jan
30
31%
6'/2
20%
Jan
33
25%
181 y2
3>/4
17%
255
*
5
29
29% Aug
500
*
14
*
Feb
•
Apr
174
*
.5
.
Jan
15ya
•
(John;
Lake of the Woods
18%
1,735
10
17%
common
17%
(
44%
100
common
Ser Ltd
Public
35
Oct
,
40
105 % 105 %
27
2,928
7,023
Labatt
Sep
15%
25
31
15
International* Utilities Corp
115
26%
39
30
Co Ltd
27%
Oct
6%
1,125
25
38
————
51%
15%
100
*
com
Paper common
preferred
160
26
30
•
International Nickel of Canada
875
20
—•
7%
2—25
Jun
2iy4
24
174
22
•
—•
Mills
Gold
Jan
22%
94
10%
•
Products
Class B
Bulolo
7%
-
*
British
Silk
705
77/a
—
7%
19
174
^
British
Bruck
20
•
Oct
5y4
—
Bralorne Mines Limited
¥
•
13%
Sep
15 y4
—100
2,917
Sep
25
25
14
15 Va
94
'
—
»
Oct
13%
19%
425
*■$/;.High'
12%
45
27
7
::;^LOW^%
4,448
51%
51%
10
—
Mar
Range Since January 1
High
13
330
is y4
26%
51%
:,
Asbestos
Brazilian
26%
50
common
14
Low
12%
75
175
167
173
Shares
Imperial Tobacco of Canada common.5
Preferred'
——£1
Range Since January 1
LOW
High
11,136
18
20%
is %
•
for Week
-
7,292
16
20%
pnmmnn.m
Ltd
17%
18
20%
•
Shares
High
15
17%
20
Acadia-Atlantic Sugar class A
Aigoma
Low
Par
Imperial Oil Ltd-
for Week
Range
Sale Price
Abitibl Power & Paper com
$1.50 preferred
Sales
of Prices
Sales
Range
of Prices
Par
Week's
Friday
•/. Last/.
Week's
Last
Sale Price
Lt Heat &
.
Power 3s
:
due 1949 >
,
50
,
50
:
50
$76,000
.
40%-Feb
22%
24
Feb
July
25% July
/'
FINANCIAL' CHRONICLE
THE COMMERCIAL'
'
1902
LISTED MARKETS
CANADIAN
'
U
FOR WEEK ENDING OCTOBER
RANGE
,,
Friday
Aluminium
6%
Ltd,
Belding-Corticelli
Low
8%
Range Sine* January 1
Low
10
/
175
High
12
Sep
8
120
Jun
Jun
176
Sep
46
25
170
18 %
300
18
Brewers
Distil'
&
Jack Lake
1
Mines
Oct
Packers
Columbia
Ltd
13
13
50
13
Jan
27
26%
21Vz
2,155
25
Sep
28%
Jan
13
14%
94
,13
Oct
17%
Jun
Lingside Gold Mines..
7
13
7
7 y2
6
7
Oct
11
5'A
Sep
8
Sep
8% Mar
104
13
—
—
13
13
10
„
;
10,400
4%
100
75
71
75
880
-t9.%
J%
9%
1,330
Company
Preferred
„
Dominion'Sugar
Canada
&
Canada
Northern
100
A
4'A
21% 21%
110% 110%
21%
110%
•
pfd—100
1%
Power
class
Packers
Canada
5'A
1
common
;
Canadian Industries commop
7% preferred
Ingersoll Hand Ltd
*
Canadian Marconi Company
Canadian
Pow
&
Canadian
Silk
Products
1
common.*
Paper Inv
A
class
Canadian
Alcohols
Ltd
Dividend
common
Sec
Consolidated
v:
5%
Textile
Square
Dominion
*-
Ltd
5
pfd
Mills
Falrchlld
18
1614
Fanny Farmer Candy
Mfg and Aircraft
•Freiman-Ltd (A J)
414%
5Va
Jan
Jan
2%
Sep
Gold
Btadacona
Realty
Corp
Oct
62
/Ireat Lakes Paper common
A
Apr
75
Surf
6%
23
Insurance
Hubbard
Felt
Co_
8%
Oct
10
-July
Oct
19
Aug
18
i,
Jan
33
295
13 Yk
Jan
14,216
z1
Hydro-Electric
Securities
45
OR
International Paints
class
9%
Lambert
:
Alfred
47
-
"
47
24
May
Lowney
•.•5214
4714
100
,„40
9%
Oct
14%
Sep
Oct
5
32%
Maritime
Tel
&
Tel
-1
28
20
21
315
5514
50
75
Sep
Aug
Jan
40
19% Sep
Sep
Y
70
25
16%
Jan
21
Oct
30
Sep
4
125
3%
1014
1014
95
,10%
8%
Sep
Feb
1614
1614—
10
10
1214
3814
14
.
Feb
16%
Jan
11 Va
Sep
935
13
175
15
14
14%
2014
13
14"%
14%
60
1614
19
6,055
G8
6914
120
Co
Ltd
1214
Scotia L &
P
6%
pfd
100
—
Nuclear Enterprises Ltd————•
Grange Crush common -——•
Paton
Manufacturing
Pauls
Service
v; Power
12%
non-cum
Oct
17%
22
Sep
12%
101% July
6%
1st
2nd
20
pfd—100
pfd--
_50
Southern
Canada
Southmount
Thrift
•Y United
Power
Invest.
Stores
Ltd
6%
pfd
class
108
'•
B
United
Distillers
United
Securities,
Westeel
Canada
Ltd
Limited
Products
Windsor
Woods
of
16% Jan
Jan
Oct
108
112
Feb
Sep
25%
Jun
Oct
20
AS 20
22
1,100
111
35
55
55
75
15
14% Aug
108%
46
,
preferred
preferred
$1.50
$2.50
Ltd
60
Jan
v
—444,4^..——
—
Mines Ltd
Arno
Astoria
Athona
Mines
Aubelle
Mines
26
Sep
43
Jan
8
40
,
220
41
Feb
30
115
^Consolidated
(1937)
Mines
!
Ltd
'^Warrants
Ltd—
•
Arntfteld
.>
Ashley
Beaucourt
Gold
.A.1/1&S Steel mi at.'
j-i
lail.
.*1
Yellowknife
Atlas
Ault
&
Bonville Gold
Mines
Ltd
Brazil Gold & Diamond M
105
70
—
1.05
23
11
Gold
Ltd
Dev & Mining
Celta
Central
30
Bank
Apr
8
17%c
1
l9c
16c 19%c
7c
8c
l5c
28c
29c
28c
32c
1
——:*
16c
42 %c
52
16c
521
20c
46c
—
—
--
,
Mines
13 %
1.50
300
80c
May
.500
24c
Aug
'
1.85
52c
1
Scotia
Toronto
Bear
■
1,000
1,050
lie
Aug
30c
May
4C
Sep
11 %c
Jan
26C
87c
Feb
Biltmore
1.00 Apr
46C
800
38C
July
49c
1,000
July
34c
36c
37c
1,000
36c
Oct
57c
500
20c
Oct
43c
Blue
Jan
10c
10c
lie
2,000
10c
July
30c
Jan
5c
5c
8c
1,500
5c
July
15c
4.500
1.35
Oct
1.44
1,40
1
1.35
7'Ac
1.44
Larder;
—
;•
—
1
Jfay
Hats
Mines
Gold
Ltd
Sullivan
East
10c
500
10c
Sep
29c
40,000
25c
July
29c
300
22c
July
43c
4,500
10c
July
28c
16c 17'Ac
4.05
18c
21c
35c
Elder
Mines
Eldridge
•
100 '•
;;Y
4.05
7,000
35C
18c
2,500
18%
260
200
24c
24c
4,000
3.25
3.25
3.45
1
Mines
Ltd
18
20c
1.17
1.12
1.28
8,450
12c
12c
12c
3,000
(1945) Ltd
1
•
14c
16c
2,000
Formaque Gold Mines Ltd
1
60c
60c
67c
1.00
11c
700
Found Lake Gold
Francoeur
For
Gold
1
Mines Ltd
footnotes
see
page
•
1905.
20'A
78
16c
Oct
55c
44,500
36c
July
51
25
101
5
59c
Oct
4.05
Sep
:/
45c
common
-
-
Bralorne Mines,
Ltd-
40
July
305
32%
Feb
38
July
90c
90c
Jun
Feb
18
57c
July
V
8c
•
7'Ac
28c
8%c
'30C K"
7
40,000
1,000":
14c
Oct
60c
Sep
60
8c
Sep
28c
Oct
—*
,
—
/
—
^ 22
Mines—-—.——1
"v 19c
Red Lake
American
Oil—26%
Forest—3%
Oct
Brit Columbia Packers class A
Class
B
Feb
Buffadison
•
;
Porcupine Mines, Ltd
Gold
Mines
Sep
Buffalo Ankerite Gold Mines—
Jan
Buffalo
Canadian
Red Lake
Jan
Building
Apr
Gold Mines
Mines
Bunker Hill
Mar
77c
Jan
Burns
&
Class
B
Products
Co
!
class A
—
'
51
2.65 May
5'/a
8%
Oct
7'/b
Sep
15%
Feb
800
3,600
1.45
July
47c
July
July
16c
29%,
/ 2%
;
—•
16c
1
—
1
<1.38
—• }'.? 3.00
—•
20c
1 tv
23c
*
*
*
*
28'A
—
—
.
Jun
216
Sep
Sep
70c
1,775
May
Jan
92o
Feb
45c
Jan
75
12
Jun
14% Aug
75
21%
Oct
24'A May
10
325
••'.55'
10
Sep
14
Apr
Oct
61
Aug
2,000
14c
30o
July
Feb;
2,300
30c
July
55c
Aug
10c
Oct
30c
Jail
17c
14,200
10c
July
10%
10%
930
26%
21
17c
"26%
' 3
26%
23
14%
39c
;
lie-
20%
5,200
15c
:
29
•
2%
2%
7c
24%
13
29
7c
24%
13
\ 2%
13%
225
555
•
Sep
.
Aug
11%
28
Jan
35
2%
Sep
Oct
905
16,400
•v.
520
1,000
Jun
Jun
May
5% May
Sep
17c
15'Ac
8,000
,
17%
Sep
Jan
Jan
5
Sep
6,700
20,000
Jan
Aug
28'A
Sep
1,100
9,900
Feb
Jan
26c
Jun
8
25
15'Ac
18c
43c
49c
1.35
1.50
:3.95
4.20
20c 20%c
20%c
25c
28'A
25
1,505
3,165
•:
18%
27%
30%
26'A Aug
18
19c
27%
3%
£9%e Jan
10% Sep
5,157
15
8%
30
8%
—
A——*
Oil
Dominion
•
*
—
Jan
Jan
Oct
176
100
Apr
Aug
58c
:
1.64
July
2,000
;
-'u?10c
v 15c
15c
British
Broulan
1.45
—
ADr
Jan
40c
795
16c
15c
,36o
A
—
f-.
Brewis
British
/ 49c
Sep
39
80
72c
77c
20c
21c
^12%
13
' 21.%; 21%.
12%
13
60
60
12%
British- Columbia
Feb
1.36
28C
24
7'Ac Jun
25
20 A
9.10
--
Apr
Oct
6,825
—
Jan
32'A
182
5%
72c
Feb
680
175
21c
—
—
Apr
36c
24c
27
.'5%
9.10
i
preferred
25
Brazilian Traction Light & Pwr com— -..
British Columbia Power class
5
58c
July
Jan
34,900
*
4.-^;———X
Bonville
32
Sep
Feb
Feb
12c
37,400
1
55c
Sep
Aug
1.55
7.25
21%
•+-
—*
*
*
50
1
X
Sep
July
105
,/5%
-9.J0
——X
Feb
70c
Aug
M?ir
15 %c July
11,125
47c
..
Jan
1.02 Apr
107
3.80 July
46c
30,700
1,550
40c
—
Apr,
May
Oct
5,500
61c
65c
42% 43%
65c
44c
Gold
Gold:
Buffalo
Fontana Mines
Feb
50c
2,500
m..9c
—1
jBoycon Pershing Gold Mines
Oct
60 %c Mar
2.25 July
6,200
1
new
Gold
18%
24c
1
Mines
Jan
87c
July
9c
34
20 %
-1
Mines Ltd
Bonetal
■
1
Mines
22
Oct
20c
9,500
:
——
Class B
Dome
Duvay
July
18c
25 A
34 A
34
—
-
Ribbon
-Bobjo
13c Jan
July
"
5
j
7c
25c
4.05
18c
Mining
1,000
28c
27c
,
i- ; l
Exploration
C.ourpor
7%c
10c
l;..
1
Chesterville
July
6c
15c
Jan
1
Cheskirk
Cortez
16c
22c
—
Jan
Apr
Jan
3,000
65,500
15c
25
34
33%
common
Kirkland
-Preferred
Jan
20c
9c
1.70
Mar
Feb
759,500
13,420
20c
25'A
Apr
55c
*
20c
—
Jan
3%
62c
107
72c
J
Bevcourt Gold
Feb
20c
1
■
68c
59,600
1.04
Jan
12
Sep
23 %c July
15,700
33c
Mar
102
1.00
85
4.10
i
'
11c :: 11c
Century Mining Corp Ltd
Mines
94
107
63c
1-00
L
Bidgood
4,600
46c
5
10
Jan
23c
85c
Sep.
Sep
Sep
Jan
12c
:30c
2,135
Jan
Jan
30c
July
95
1-50
Apr
Feb
1.95
July
4.00
—
1
Yellowknife
Berens River
Aug
28c
7,000
1.36
13
Oct
6c
65c
X
—*
& Radium.
Exploration
Beaulieu
8 %c
30c
53c
7%
41c
'
5c
30c
2.40 Aug
38 %c
8.00 July
7c
4.10
*
Beatty Bros class A
Sep
July
of
15c
July
July
27% Aug
26% Aug
50c
—*
—I
—100
Bathurst Power class A
Jun
29% Apr
56
Y 28c
May
2,100
5,000
85c
Base Metals
36% July
Jan
1.40
s- Feb
230
2,000
90c
1
—
—
1
10
10
-10
12c
—*
Cadillac Gold Mines Ltd
8c
29c
—
—X
Jan
28c
,_1
Mines
97c
8.65
1.05
—-1
•
ion
*
————1
Mines
:
Sep
'
635
8c
50c
7
95
1-50
29c
•
Consolidated Mines
Jan
39%
26
Jan
96c
—
Jan
%Sep
1^3/2
3,500
Bagamac
Oct
Jan
60
6,800
1,500
94c
8.40
96c
95c
*
1
May
1.85 Aug
54c
J"lv
Sep
Bankfield
Nova
r
42
•
Sep
16
47,500
28c
18
Jan
1.25
July
Ibc
90c
Montreal
5
28
30
12,265
24 %c
17
—
Brantford Cordage
Cartier-Malartlc
35
1.50
Oct
Jan
of
50
l •
Corp
Buffadison Gold Mines:
35
1.26
Apr
107
Sep
1.00 July
Jun
30c
of
10;
103
55
15c
Mines
Bank
19%
Jan
2,600
preferred—
Wiborg
Geld
Bank
75
Apr
24
18c
Auraaque Gold Mines
May
45
40%
Sep
15c
132
May
1
Mines Ltd
—
Sep
19%
21
Oct
1
Mines
Bidgood Kirk Gold
r ■
35%
•
I
31% Feb
100
10
150
20%
104% 106%
35
1-40
26c
Sep
37 Va
20%
22% Jun
Mar
15
15c
Mines
Athona
23
7
37%
—
High
Low
7,110
7,390
—I
—1
Feb
26
15
16
Bang* Since January 1
14
700
Mining
Jan
21
Shares
High
18
18%
6,217
41
Jan
25c
for Week
173
—
14
7
Range
ef Prices
26%
1.42
Astoria Quebec Mines
30
51
w
1.00 Aug
SslM
Week's
—1
75
21
;
14
167
Armistice Gold
20
24
Ltd—1
85c
Exchange
Low
—
—
Preferred
M^nes
Mar
*
Mines
16
13,/8
1
Beatrice Red Lake Gold
32c
26%
1.35
Resources
—-
Gold
31
51
1
Aug
——I
Porcupine
16
*23
qi^c
10c
171
Canadian Oil
Aquarius
Jan
13i/a
,•
9,500
1.35
Anglo-Huronlan
Anglo-Rouyn Mines—,
May
§
24
Ltd.——1
13c
■
29
;
•
Quebec
10c
•
pref
Yellowknife
American
May
516
131/3
1.40
Jan
38c
100
1
common
Amalgamated Larder Mines——
1121/4 May
Sep
8
26
1
42c
-•
Belleteyre Quebec-.—
T
Oct
—
31
—
9%c
1
Gold Mines
-iAluminum of Can
,
Yellowknife
Alta Mines
2,500
•
1
Rights
Akaitcho
10c
—•
Agnew Surpass Shoe common
'.Akaitcho:,
22% Oct
:
33
*
Alger Gold Mines Ltd—
Jan
9%c
•
common
Bell Telephone of Canada
Mining Stocks
4.25
•
17%
20
J/ 18
20 "' if
—
Sugar
Acadia-Atlantic
May
8
•
Co.—
Feb
Oct
Par
;
„
Oct
—*
Ltd—!
Corp
Ltd
Hotel
Manufacturing
1.00
3.25
Last
May,
8
10
....
Oct
100
Friday
Argus Corp Ltd common
4%% conv preference
11%
6,049
__
3,600
Sale Price *
Jun
18
123
Yj
38C
3.25
STOCKS
80%
20
__
.
Feb
3.50
38c
Canadian Funds
27% Mar
75
*
•
6,100
Jan
Jan
3.25
Toronto Stock
Sep
75
27c
100
2.49
2.26
2.30
Aug
1.49
42c
Aug
1.52 July
Jan
Sep
70
26c
*
July
13c
4,800
Jun
Apex
20
123
*
—
64c
500
36c
Aug
4,134
73c
•
16
5
27c
A
10c
77c
1
Sep
Jan
66
225
123
100
Ltd
common—
Corporations
Class
S
Co.
Jan
14 %-C 14 %c
74c
Jan
30
__
Jan
1.45
25%
Aug
18% May
1014
8
—* v
—_
22c
19c
3.65
Oct
Aunor
Ltd—
;^2ic
Jan
July
1.07
75
Sep
14%
1914
Quebec Pulp & Paper 7%
Co,
60c
60c
14
■Auhelle Mines Ltd
Sangamo
5,230
37c
Sep
July
1914
55
red pfd—100
Quebec Tel and Power Corp A
„♦
65c
Jan
July
14
104
,
111
^
2.35
60c
12 %c
4.40
Feb
35:?
Jan
25%
70
17%
July
,20
'
30c
2.10
113,600
1,000
lie
May
1014
.
*
part
108
100
Stores
Corp of Can
6%
(new)4-
46,000
40c
Aug
Sep
Arjon
Nova
24c
May
'
—
—•
5.00
30c
5c
Jan
47
Jan
34
.400
40
71
Royal Hotel
5.00
19 %c
80C
137/s Aug
425
Mount
—
20c
"
2.50
Algoma Steel common
8'A
28
18%
7.80 May
125
May
17
14%
103
5
Sep
Feb
3,700
Alger
120
20
——«
4.60
Jan
.A
13,000
Apr
25
15
27
Paper ,Co
100
3.85
2.50
Royalite Oil Company Limited
Apr
29%
103
Ltd
46c
6%c
Jun
125
20
& Ontario
Aug
6c
Oct
19
Massey-Harris
Moore;Corporation
8c
1.70 July
80c
Aug
30
3%
—
1,350
2.22 May
Jan
1.09
Mar
2.50
34% Apr
55
,
10
12c
1,500
Jan
1.76 May
41c
-
1
May
100
19
Co Ltd 5% pfd
100 ■*£>. 28
McColl-Frontenac Oil 4% new pfd—100
103
Melchers Distilleries Ltd pfd—:
_10.
common
12c
■i ,60c
Jan
40
Minnesota
••
4,700
Aug
1
Anglo
;
1.42
1.80
—
10c
*
May
2914
.'40
1.35
1.70
—
Oct
Sep
44%
1,952
"•
66
Sep
4
100
19
MacLaren Power & Paper
.•
Maple Leaf Milling Co Ltd com——*
,1.80
.
Jan
45
,5514
12%
1,000
75%
Oct
Sep
*
Feb
5%
20
413
5
21
•
12c
;
.
Homestead Oil & Gas Ltd
22% July
3JA July
275
5214
100
1
Co Ltd
12c
51%
1.00
10?
3,000
/•?
Stocks
37% May
21%
900
50
414
2214
of Ottawa Ltd.—4*
12c
jr
'
:
Oct
July
20
210
314
2114
•
1014
Inc
51
1.11
1
Mines
Aluminium
Journal Publish Co
7.50 Jan
3.15
-
Home Oil Co Ltd
Sep
280
10%
21%
.■/•'? 4
A
Jan
Sep
2.50 July
5,600
Feb
4.25
1.00 July
Gaspe Oil
Jun
15
16
30
2114
;•
Corp
3,800
Feb
1.41
43c
July
'
t
3
*
—.
12c
19% Jun
213A
10
26%
13% Sep
Aug
84c
;
Apr
Jan
19%
V 3
preferred
10
1,000
5,000
Feb
Jun
42c
1
Preferred
Halifax
Oct
50c
Mines Ltd
Gold Mines Ltd
Westville
Apr
Feb
15%
100
30
*
19c
Jan
July
4,500
Feb
9c
2.24
2.90
—.
1
—
Hughes Gold
Villbona
Jan
20
15%
Inlet
Teck
Jan
Sep
2214
•
preferred
45c
51
1.05
1
1
Sullivan Cons Mines Ltd
Feb
18%
38
i
—*
.—
Apr
1.15
3%c Aug
6,900
3.05
3.10
•
1944 Ltd—
Abitibi Power & Paper new com
Godfrey
2.75
1
Ltd——
Mines
Mines
Standard Gold Mines
Feb
660
1914
__
2,000
•
95c
17c
1
Soma-Duvernay Gold
Jan
4% Mar
95c
15c
•
1
Ltd
Mines
Slscoe
4014
__
100
Bherritt-Gordon
Jun
3.80
Sep
Jan
Feb
^—
—
Jun
11%
55
13 Ms
—
1
Ltd
Dredging
Jun
174
49
25
15
9%
Gold
Cons
31
Feb
>
Oct
22c
13%
1
Gold Mines Ltd
Cadalllc
Pitt Gold Mines
Aug
3014
^
:
1
Ltd—
Mines
43%
Sep
12%
10c
35 %c
Pato
4% Apr
29
23,900
20c
—
Jan
1.75
^Pandora
July
40
*
Pfd—
Sep
275
2114
:
2%
98
65c
Oct
67c
.«,•
Apr
47
93A
1514
•
70 f,
110
3014
1514
*«
195
29,528
1814
1
Ltd—i
Motor Co of Canada class A
Fraser Companies
;
Ford
47A
18
1914
18
40
0
Fleet
,
83A
.
„
25
Jan
16,750
55
100
k 135
50
1314
55
'
_20
_
Ltd
3
49
Sep
380
19%
2.05
t
I
Oct
-*4V65
Sep
29c
64c
2.95
...
May
.60
25
35
23A
•
'*
2
2914
29
19
Macdonald
113% May
178
575
.125
5
775
125
140 14114
414
—*
preferred
Alrcralt
2014
191
60
3 % 314
/ 60
2914
-
100
Eastern Steel Products Ltd
Esmond
Feb
18%
•^4
•
;
Power 1%
18
55
4%
•
*
*
East Kootenay
Sep
2 W
•
Corp
Donnacona Paper Co
14%
—*
common
Woollens
;v.*
--
35
.190
—
•
Oilcloth & Linoleum Co. Ltd
.Dominion
15
1314
preferred——————20
Dom
Apr
49
*
pfd
19%
3
•
Westinghouse Co Ltd
*
Limited common—A
_1
Neon Gen Advert pfd—100
Commercial
Sep
29
Canadian
Consolidated
13%
—
a
Consolidated Paper Corp Ltd
5
19%
Cassidy's
;* Claude
14'/a
.
2914
100
number Co
Western
44
—
*
preferred—I—,
7% '
Feb
—
Ltd common———*
Canadian Vickers
Jan
40
—
-i-
10%
Jan
35c
17c
14c
—
Mclntyre-Porcupine Mines Ltd—*.—5
Nechl
Cons Dredging—.
j—t—,—1
New Lourve Mines—i.
1
Normetal Mining Corp Ltd
•
O'Brien Gold Mines Ltd
1
Feb
109
80
15
20%
100
-
29%
290
5
40
14'A
Vinegars. Ltd.——
Canadian General Investments Ltd.—•
,15
Canada
Aug
1,000
21c
•
1
—
Apr
Apr
11% May
Sep
High
Oct
11c
200
3%c 4%c
—
1
Louvicourt Goldfields
July
40
—
.Canadian
21
Apr
'
Rowan Mines
Lake
16 Va May
67%
Butterfly Hosiery---—1
Brown
,
16%
Sep
LOW
85c
6,000
35
—
Sep
*
A
Class B
.
20%
%
r-*
—
Co Ltd-
Range Sines Jsnnsry 1
3,000
10%
35
—
1
—1
J-M Consol Gold Mines Ltd
1
Lake Shore Mines Ltd
—.—1
Lingman Lake Gold Mines Ltd
—1
Vancouver Ltd—5
of
American Oil
British
18
—
10%
35
*
Brandram-Henderson
British
pfd—20
J*
1.00
23c
—
10%
1
—1
Hollinger Consolidated Gold
Hudson Rand Gold
JoJiet-Quebec Mines
Belgium Glove & Hosiery 5%
85c
20c
?
i
Shares
High
Jun
108.30 Oct
108.30108.30
175
175
„
.
Shares
for Week
.
LOW
1
1
——
Ltd—
Mines
Goldora
High
8]/a
—
—100
pfd——100
pfd
Limited
for Week
of Frioes
Mines
Goldbeam
Sale*
,
Range'"
Par
——•
Glove Works—
Acme
Rang*
of Prices
,Faf
•
Week'g
Last
Sale Price
--
t-
„
Last
Sale Price
,v^
Montreal Curb Market
STOCKS
S»1m
Week'*
Friday
STOCKS
Ouudltn Fnndi
Monday, October 14,1946
&
55c
j;
Jan
72c
Jan
1.64
95c
Apr
July
3.85 July
11
Feb
15c
45c
Jan
97
Feb
15
July
Jun
35
23% Mar
4%c
Jan
-
<
Jun
9%cMay
100
22%
Jan
27
51
11%
Sep
17
July
Apr
164
Volume
Number *4533
*
THE COMMERCIAL & FINANCIAL CHRONICLE
CANADIAN LISTED MARKETS
RANGE
FOB WEEK ENDING
OCTOBER
11
Friday
Week'*
Lut
if
General Bakeries
General
Steel
Wares
4ft
680
17
18
-60
16
5.90
16
5.90
17 ft
6.30
850
1.00
—
.
•
common-
'//>:
Giant Yellowknife Gold Mines-.
.1
•;
———
.•
85c
Gillies Lake-Porcupine Gold—
Glenora Gold
.1
120
.1
D Warrants
God's Lake Mines Ltd
}■;,
Goldale Mine
Goldcrest
Gold
Eagle
14c
' 67c
190
34ftc
13 ftc.
Gate
———
82c
.1
30c
•
17c
18,600
8c
70c
26c
33c
9,978
12,100
32,200
16c
4,610
4,700
10,100
8c
July
24%
25%
3,320
25
2.25
2.30
19c
19c 20ftc
38c
37c
39c
—X
5C
6o
Preferred
22
Oct"
50
25
Jan
25 ft
26
210
22 %
Jan
Great Lakes Paper common
13 ft
14y4
565
12ft
28
19
19ft
"• 610
Sep
18% Sep
58
63
162
43ft
15
39% Sep
58
Greening
24
35
22
SepSI
Wire
Halcrow
16 ft
385
12
Jan
Halliwell
19 ft
220
17% Sep
258
258
5
258
Oct
15
16%
6,520
14
14%
14 ft
350
12 ft
Sep
Sep
25
27
215
23 ft
Sep.
61c
62c
1,900
16 ft
17
660
183
27
28
10
'
7,373
Swayze.
Rock
Harrlcana
Jan
190
160
26
Jan
46
20
Oct
2.00
2.04
6,600
17c
17c
24c
26c
Sep
13
Sep
7c
5c
July
4c
July
4c
8c
5 ftc
4.50
4.10 July
6%
7ft
6ft Sep
*
18%
18%
*
11
lift
1
Mines
60c
65c
1
15c
Gold
Mines
1
July
65c
70c
3,700
43c V Jan
4.40
31,917
1.41 Mar
11c
13c
7,000
10c
2.85
3.05
4,600
2.40 July
13
230
43c
45c
48c
55c
2,200
21,300
12 ft
40c
Sep
9% Bep
Sep
13c
July
16c
July
16c
Jun
Heath
1.11
1.00 July
1
1
Hedley
Heva
May
Mascot
Gold
9fto Oct
19c
1
1.18
July
Sep
1
4.40
Apr
2.10
Feb
3.00
Jan
Hinde 8s Dauch
■
Aug
16c
*
Highxidge Mining
Highwood-Sarcee Oil
52C
*
new
6o
Sep
Sep
July
Oct
July
"
*
20
Sep
Hollinger Consolidated Gold Mines
5
10
Sep
•
.
44ftc Jan
50c
Jan
1.90
Jan
Yellowknife
Homer
4.70 Aug
Homestead
35c
Hosco
Jan
5.00
Oil
Gold
Feb
1.05
Howey
Howard Smith
-
Paper common
30o
*
30c
Oct
36c
25c
Oct
51c
1.86
1.86
200
1.80 July
2.85
Feb
1.25
1.30
4,600
1.25 Oct
2.75
Feb
Imperial
Apr
Imperial Oil
•
Imperial Tobacco of Canada ordinary_5
,10
110
4,700
16 ft Jan
l.io
Oct
Apr
Hudson Bay Mining &
Apr
May
22
1.21
Hunt's Ltd class
Oct
Smelting
A
Huron & Erie 20%
*
9%
81
1
164
170
98c.v 1.05
1,261
202
4,820
76%
164
900
Oct
103
17
Jan
10
-26
Jan
Bank
Oct
188 ft
Preferred
Jun
Apr
July
1.95
12%
Imperial Varnish common—
17
7
28
r
35C
17
Inglis,
John
22ft
Apr
Inspiration
70c
Feb
International
86c
42C 45 ftc
Jun
32
28
38c
*
13^
1
27c
Feb
Lake
Feb
Preferred
& Devel
Bronze
1
*
common
i—i—
Apr
July
oy* Jan
60c
Sep'
21
Apr
6
Mln
Sep
13ft Oct
7% Jan
—'———————El
Indian
Oct
.—100
paid
'
76%
25
34
Jan
1.31
1.39
1.67
Jan
International Coal & Coke———
1
30c
Jan
103
105
105ft
Sep
International
•
20ft
Oct
90c 92ftc
1.15
Feb
4
—
Metals
class
D'Aragon Mines
11 ftc
Dei nite
24 ft
—
80c
common
Preferred
Diversified
Mining
Mines
100
Dominion
Oct
Sep
16
„
Dairies
3.05
30c
1.90 Jan
Jason
126
8s Steel com.
27
Sep
Dominion
Steel
Dominion
Dominion
Tar
common.
Publishing.
class
B
5
13
8ft
39
^ayrand
Feb
Mining
Jun
Kelvinator
Jun
Kenville Gold Mines
Jun
Kerr-Addison Gold Mines
Jan
«
common—_—
Sullivan
of
Mines
9c
11
common
Luz Mines
..
———..wu—
Lexindin
Gold
Lingman Lake Gold Mines———
Little Long Lac Gold Mines Ltd..
Groceterias class A
Loblaw
Class B
Mines.._
Loew's
Mines
Lynx
Grain
33
-
Goldfields
Gold
Mines——
Yellowknife Gold..——_
MacDonald
Mines
Macfie Red
Lake
—
Madsen
common—
Red
Lake
Gold
Mines..
"
Class A
Magnet Consolidated Gold—-—
Freiman
(A
Frobisher
.
Malartic
& Aircraft—
Gold
J)
For
common,
is
—
preferred
footnotes
—
see
3.75
5.45
95c
lOo
1
Maple Leaf Milling common——
Maralgo
preferred
5ft%
7.50
3.75
Fields
& Eastern
Maple Leaf Garden preferred-
preferred
Exploration
Power
Gold
Manitoba
;
Marcus
5%
35c
Jan
Jan
July
Feb
Jan
Jan
Jan
A
Warrants
Gatineau
3.25
25c 27 ftc
35c
MacLeod-Cocxsnutt Gold Mines..
class
115
5.00
common
Preferred
Federal Klrkland Mining.,...
Canada
34
31%
115
30c
—
common
30%
2.70
———
(Marcus)
Lundward
Players new common.
Fanny Farmer Candy Shops-
Francoeur
Sep
7%e July
-
Mines
Louvlcourt
of
Oct
20
Leitch Gold Mines. Ltd
———
Famous
Co
Jan
5.55.July
Gold Mines
Lebel OrO
Falconbrldge Nickel
Pord
Oct
29 ft
....
——*
Gold
Fleet Mfg
July
July
July
Sep
4.50
Woods
La pa ska
Mines
Fittings Ltd
45c
Mar
Laura Seeord Candy————
Easy Washing——.
Gold
Gold
Fortune
Lang & Sons
Lapa Cadillac
Theatres
Eddy Paper
4.55
23c
Shore Mines, Ltd—
Lamaque
Mines
Eastern, Steel
24 ft
Lake
East Malartic Mines
Federal
Oct
1.16 "Sep
—
Lake
—
East Amphi Mines—.
East Crest
El Sol
55c
Lake
Lake
—
Duquesne Mining Co..
Duvay Gold Mines
Elder
ft May
Sep
11% July
51c
—
Mining & Exploration..
Gold Mines
Lake Dufault Mines Ltd.
Donalda Mines
Eldona
July
23
—
Kerr Lake
La
East
Co___
Labrador
Dominion'Woolens—
Eastern
Feb
10c
1.75 Aug
Laguerre
preferred
C—
T
14 ft
—
Labatt (John)
Stores
New
July
36o
Magnesium
Dominion Scottish Inv
~V
60
45c
Mines
Quebec
Journal
Oct
July
Aug
July
July
4c
Jellicoe Mines
Jun
30
12c
Klrkland
Dominion
Sep
29% Oct
14 .'Oct
66c* Oct
12c
Waite
Joliet
Jan
Sep
Mining
Jacola Mines
1.48 Apr
30ft July
32 %
5ft
1
Jack
Sep
Sep
9V2 Mar
9
Uranium
Jacknlfe
Feb
May
40
Jun
24ft
common—.—
Electrohme
Dominion Foundries
Petroleum
International
,
Mar
17%
Ltd
101
*
common
International
'29c
Sep
20ftc Jan
70c
Bank
Dominion
Oct
18
106
Seagrams
Dominion
Sep
1.10 July
Discovery Yellowknife
Dome
Sep
1.55 Aug
5c Mar
Denison Nickel Mines
Detta Red Lake Mines
Distillers
Sep
11
Mines
Dickenson Red Lake
Oct
10c
Petroleum
Davis Leather class B
A
ft %, preferred
International Nickel Co
Davles
■
34% Sep
Oct
550
500
1.21
Oct
•
48c
30c
M
Aug
52% July
30c
1.15
July
26
—i
May
50
——
30c
1.38
Oct
-60
36c
—1
Mines
Preferred
Jan
10Vic
—1
Gold Mines
Apr
19
Gas
&
2.40 Oct
1
30c
i
\
18
21c24ftC
1.05
—...
Headway Red Lake Gold
26 ft July
Sep
3.90
12 ft
,
59 %c
Home Oil
15c
Apr
Oct
4.45
Feb
39%
2.50 July
1.85 July
15c July
24 ft
30
24ft Sep
1,500
4,600
Jan
12Vic May
Jun
1.35
13% Sep..
1.30
Apr
1.15
Jan
3%
9c
*
Hasaga Mlfces
100
1,300
1
Mines
Feb
20
10,800
2.90
35c
Sep
Jan
1
...
Mines
Gold
Jan
25
?'on
1.39
•
'•
Carpet
Harding
Hard
18
20
1.32
:
42
1
Gold
Jan
25
i'oo
Jan
15
1
Hamilton Bridge
Hamilton Cotton
July
150
20
•
s
-——
Hallnor Mines
Harker Gold
14%
Feb
40ftc Jan
99ft Mar
*
Gypsum Lime 8s Alabastlne
18
183
Jan
Jan
v
15
12 ft
79c
52 ' July10% Sep
——1•
—
Feb
1.30
s; 4$c July
500
*
Wihksne
24
50c
:
Jan
Feb
87c
'
Sep1*
13 ft
,
*
Preferred
Grull
43ft
•—
Feb
25c
July
2.00
50
Gordon McKay class A
Grafton class A_—
28
•,,
<
Goodyear Tire. & Rubber common—*
20' .Mar
345
26
'
Jan
4 2.30
Goodfish
,
.1
-J
Feb
88c
July
July
Oct,
16c
•
39c
"
July
33c
24c
1'
Aug
86c
20c
k.
—
'Jan
18c
13c
22C
——
57c
24ftc July
80ftc
.1
Mining
'
Jun
25c '
22c
Sep
5c
2,500
7,700
60c
Oct
10c
20,100
18c
28c
-1
19
Feb
3.15 Mar
56c
Goldvue Mines
1,245
Feb
8.75
1.10
i
1,561
24,100
V
1,500
Golden Manitou Mines
22%
20 ft
18c
.1
Golden Arrow Mine?
22
Sep
5.05 July
28C
Mines
Goldhawk
Golden
15 ft
10c
-62C
Apr
195
15,115
V
.•
Hiah
Sep f7%
21ft Aug
56c
—
3%
10% Mar
y7
-
Ranye Sines January 1
Low
4%
-
*
class A_.
far Weak
Shares
Higher-::
'
.•
General Products Mfg
Sale*
Banc*
af Prices
Sal* Prior
page
1905,
ia
•••'
i
2.20
Gold
110%
.Preferred
Feb
Jan
—
51c
Feb
45c
Rouyn Gold
Martin-McNeely Mines
Mosnpv-Harris
12 ft
17 ft May
15ftc Jan
—
Marlon
is
109ft 109%
110%
—_.
May
Jan
21
common
1—
35ft
Apr
Jan
Monday/ October 14,1946
CHRONICLE
THE COMMERCIAL & FINANCIAL
1904
CANADIAN LISTED MARKETS
OCTOBER 11 /
RANGE FOR WEEK ENDING
■in..1 )i
/
STOCKS
•i;
Friday
'
■
/
;
;
;
•
Sale Price
k
McColl
Oil
Frontenac
1'orcupine
Mointyre
Lake
Red
MrKenzie
McLellan
——-*
9
class A
Grain
McCabe
—_
common
Mercury Mills
Milton
Gas
&
Oil
Brick
fining
Cbrp
:
New
Containers
Uoneta
Porcupine
Montreal
Moore
Corp
Class
Morrison
/Preferred
Class
B
*
,
—
1,000
29c
6,000
-
22c
28c
7,600
-
14%
190
—
30%
12
306
11%
Oct
13% July
8%
70
Minco
11,375
1.50
36c
69,850
16 %C
1.16
61,000
60c
Jan
15c
2,800
14c
Oct
II,500
2,500
1.80
2.10
110
48
49%
2,460
45%
Sep
45c
50c
7,800
45c
Oct
1.48
18.650
30c
Oct
10c
1.35
14c
16c
14,400
8c
27c
13,600
60c
10c
4,500
8c
60c
60c
500
60c
5%
200
9c
9c
.
6
6
1.65
1.95
55C
65C
40c
1
Ogama-Rockland
40C
9,700
2,800
6,800
Oils__
j'Leary Malartic Mines
18c
18c
22c
*
Omega
20 c
18C
20c
,
16c
16c
18c
20
20
Crush
Orange
Preferred
Orenada
Osisko
;
Osulake
Mines
Eastern f-
Pacific
1.21
1.12
43,050
95c
66c
71c
25,800
51c
July
Sep
95c
5
5
100
Ltd
7,810
12 %c
13c
4,600
18 %c
18 %c
22c
18,600
10c
10c
11c
2,500
10c
Sep
>
75
15c 17 %c
16 c
Powell
River
Powell
Rouyn common..
3.10
29c
30c
7,500
•
.
31
•
——1
35c
37c
37c
2,000
29%
31%
375
28
900
66c
1
70c
70c
--
1.15
Aug
76c
July
38
Sep
10%
Sep
1.55
Oct
13%
14
1,600
15c
17c
6,000
13
13%
260
11
Jan
15
54%
54%
300
51
Feb
22'A
'
Preferred
—
.40
.
41
41
100
166
General
Finance
—
Trust
—1
—
Quebec
Manitou
•
Mines
Queenston Gold
18c
5,925
31
10
1.15
Macdonald
Reeves
Regcourt Gold
Gold
Reno
Richmac
Class
18c
31
105
21
31%
35
..50
43
45%
...25
5%
"A"
Oils
Royalite
St
St
Mines
34c
18,700
common—
.
30c
93c
July
Jan
Apr
Apr
30%
Sep
39%
Apr
9%
Feb
17%
Sep
49
Oct
Jun
44
'
——
44
13%
8c
8c 10 %c
Jan
Feb
75c
14,700
55c
Sep
1.57 Mar
23%
640
20
Jan
25% July
16
455
15
Sep
25
15
46%C
45c
50c
33,300
9
11%
11%
11%
1,135
v
14c14c
14c
7
12c
325
40
11
35
26%
22c
.
1,000
105
105
>
25
—100
100
100
100
1
3.85
3.85
4.00
20c
61c
Oct
Aug
16
July
Lake
Oct
3,100
8Va
2.15
2.20
4,375
,»
900
925
25c
Aug
Jan
106
Jan
Sep
Oct
9%
Apr
39%
Jun
82
Feb
.112
Oct
16% Feb
14c
17c
16,800
14c
Oct
87c
Feb
l'lc
11c
1,000
11c
Sep
40c
Mar
4.15
-
2,250
44,800
59c
July
1.69
.1
33c
38c
8,700
28c
July
55c
Mar
9
23c
24c
2,600 '
18c
July
60c
Jan
Consolidated
Grocers
Ltd
Shawlnigan
Shawkev
—
Shea's
Winnipeg Brewery class A
aneep
Creek
;
«hprritt-Gordnn
Sick's Brew
New
new
Gold
footnotes
see
page
1.05
1.05
2.20
2.06
1905.
12,400
1.10
2.40
J
-
11%'
■
13
12%
12%
—
33c
—duo
•
common-
vtc
For
Mines.
30c
32c
11%
12%
570
12
r
64,920
13
13
600
:
:
'
;
,
•,
Aug
220
Jan
Jun
50
145
Jan
26
220
25
Mar
36 % May
105
107
75
104% July
ll%c July
108% Feb
10,000
14
2,405
99%
99%
20
..1
14 %c
14 %c
17c
3,200
25
25
10
3.00
2.95
3.15
6,850
25c
28c
9,350
5,500
12c
12 %c
common—4—
-
Gold
14c
12
99%
25c
Electric
Preferred
12%
100
'
WiltBey-Coghlan Mines
Mines—
Combing
5
Wright Hargreaves Mines
Yellorex
106
.—...^.100
•
——
Ymir
Knitting
,
12c 13 %c
12c
14%
15
35%
_9
common
10
Jan
3Cc
Apr
105
;
43C
14 %c .Oct
23%
Feb
May
29
Feb
Oct
6.55
25c
Oct
67c
12 %c
Sep
3.05
-Jan
21% May
Sep
94 %
Feb
Feb
1
r
Yankee GirL
York
35%
14
200
.
39c
Jan
^18
July
43
Sep '
Feb
Bonds—
Uchi
:
32
$7,000
Sep
Exchange-Curb Section
Toronto Stock
Ointlka fsui
Week's
'
Last
Par
■*
National
Andian
British
Brown Co
'
Pulp
25%
50
5%
73%
common———9
common——^—l
——X.
100
:
Preferred
Dominion
9
Sugar
Canada
&
Canada
Vinegars——————
Canadian
Bronze
—
—
-
-
Industries
Canadian
Marconi
Canadian
9
—•
Feb
duly
1.63 Jan
.Sep
30c
Sep
Sep
1.00 Sep
1.66 Jan
35
20%
3%
—
.•
,
-———100
Canadian Western Lumber—————3
Canadian Westinghouse
—i—1•-
—
5"
;
„
Preferred
Coast Copper
Consolidated Paper
Consolidated
—
9
A
100
14
46
.
21
• • -
46
34
Sep
Aug
$
3
Dalhousie
Oil'
SSK Bridi;^:
Dominion
Textile
Paper
——
—
31%
9
——10O
•
common.
Preferred
Donnaconna
-
9
9
-
—
—
.
21
Langley's
—
——
-
—-
21
40'A
70
70
preferred ——————100-■
Apr
12'A
Sep
Oil
2.08
Jan
PendL Oreille
3.65
*
Jan
Southwest Petroleum
640
12
July
15% May
635
12
July
./' ■' 15 V* May
Selections
—Z—I—III.
•,
il8%
9
Minnesota & Ontario Paper
82c
•
I
-1—1———
1.74
•- -1.75
*'•
21
18.
43%
100
9 /
1
9
•
-
1.85
24
44%
]
106 108%
Supertest Petroleum ordinary-—_—-*
—
Temiskaming Mining
* "/■■':■ 10c-
:
20
85c
118
185
24
Oct
Mar
.,58
Oct
Sep
Oct
•
'*'
_
•
53% 53%
10c10c-
---•
May
Oct
Oct
2.20 Aug
y
x 3959
r
144
83,
Jan.
.
19 .?• 6,475
16 -Sep
5c
5c > •- 2,000 - *■ 3 A Jun
2.26 - 2.40
3,112 ///.2.15 Sep
16c 18 %c'2,900 -r- 16c Oct
Jan
,45% Apr
1.50 Jun
9521
5,670 ?/ 39
110
106
,
61A Feb
4.(K) Jan
23% Apr
32
Jun-
30o Sep
31% O^
95% Feb
-
Feb
43 A Jun
173
Jun
3.80 Feb
-16% Mar
21
Jan
185
15
Aug
July
5
Jan
Apr
Apr
Jun
% 27% May
16%
,
—
2.3016c
70
3,820-
;
42
25
„
50
Oct
1.35 Oct
3,000
65
120
*
10
6,865
,
•
-'36t>:i~v*. v-26 -i.Sep
30
135
Sep
7,825
2% Oct
60
100
18,215
158
50
1.35
Mar
Apr
8% Apr
104% Apr
29
Feb
18
Jan
50
Sep
-2%.-Sep"'
.-72,1-1<P
30c
34c
31%
33
96 88%
185.
185
19% 22%
,
13% Sep
Jan
35
78
Sep /
Sep
Sep
67% Sep ;
-
High
23/
Oct
12
,,
,
Sep
20
5
110
165
21%
v
Oct
16% 19%
26,
27
50
1.35
-18%
s
Press
2!A
3
15
24
50
4
25
135
125
3,575
155'
35
35
19% 20%
2%. 3%2954
'.31'
141
141
Vickerd
common
26 % Mar
11
46
Low
15%
26
50
5%
73%
72%
21 %
14
46
.
Range Sine# January 1
High
15%
25%
50
4%
—
9
Canadian Fairbanks common
Canadian
Low
■
—
—♦
for Week
Shares
of Prices
—
_♦
Asbestos
Corp
Columbia
g
Sales
Rang*
Friday
STOCKS
International Paper common
1
159
Oct
108
25
•
Jan
•
2,975
190 193%
—9
common
common
Feb
20
5.10 Feb
3.80 July
119
93c
14c
40c
9
2,245
71c
50c
380
Feb
3.10 Feb
1.93 July
: Jun
6
.
3.80 July
24,700
Jan
13%
115
Sep
53c
14 %c
Jan
4.00
Sep
21%
May
Oct
7c
>
7c
21
11
5%
7c
•
20c
47c
235
3,500
5%
Jun
»
2,100
47C
May
common
9,700
21%
58
Mines
7c
1
Jan
1
Foothills Oil & Gas
Haves Steel
*
I
Ltd
40%
10
Mines, Ltd
Gold
Preferred
Senator Rouyn
345
Jun
Oct
6%
31% May
7c
——
27C
70*
1
Jan?
25
!'•
1,486
20c
104
10
Gold
-
64c : Feb
64c
15%
Mines
y.
38c
*
May
22%
100
Gold Mines Ltd
22c
July
•'15c "Aug
'25c
July
6,100
•
6%
preferred
8c
7,000
21c
16 V*
12% July
42c
..1
-
40
40
175
13%
18c
19c
50
Paper
40c
24%c
10
9
new
1.99 May
-
195
1
Mine
Power preferred—...
River
July
33
70c
Gold
Antonio
Sand
Jun
20c
7%c Jan
17%
l
A
Sannorm
60c
500
32
22%
Lawrence
San
3,200
5,000
12c
28c
Lawrence Corp common
Class
1.25
17%
1'
...
—.——.—
Saginaw
Jan
12c
Sep
——1
'
Mines
Winora
Feb
23%
32
Co
Industries
Ryanor
1.25
July
17%
——1
...
Oil
Lake
Russell
July
11
9
Royal Bank
Rush
50c
24c 26 %c
31c
—9
.
Merger Gold
Rouyn
5,948
8,910
1.20
—
9
common
Lac
85c
15%
•
•
———
77c
14%
25c
32
20
9'A
Apr
1
Mills class A
(P L)
Roxana
1.15
77c
Jan
1
—
Steel
Jan
45c
Sep
26%
•
—
12% May
Oct
15c
_*
B
Oils
July
1.80 Jan
July
8%
6,500
21
Apr
Mar
1
;
Cotton
Long
2.15
69c
1
■—
Robinson
Rochette
Sep
5,400
;
...
Mines
Robertson
Roche
4,200
82c
1
Silk
B
1.05
80c
:
.
...
t,
Gold
Riverside
1.00
15%
610
9
Apr
80c
—•
31,100
9%
Jan
35
Mar
85c
July
39c
15>Ac July
25
Apr
Feb
170
22%c Feb
July
1.00
4
Quemont Mining
Jan
31
Feb
y
1
1.00
142
9
A—.
B
Jan
17
1
1
Gold
7
9
class
46%
Jan
15c
Corp
65C
36
95c
Feb
2.40
Aug
25C
July
251
1.20 July
10
-
9
—
Oct
18
166
17c
A
Sale Price
Quebec
100
•
—
class
Mining
Jan;
3.45
•
Purity Flour common....
July
_9
Elevators
55% Sep
Sep
12% Aug
8c
45c
18
18
3.30 Feb
100
11,040
lo
Mica
8,300
45c
May
1.25 May
Apr
9
Mines
47C
46 %c
Apr
80c
Jan
1.75
Aug
1.65
Proprietary
Oct
Feb
1.45
1.25 Aug
Apr
1.25
1,000
37c
6,100
Wool
Jan
57c
11%
1.50
31,900
30c
y.
Feb
1.50
1"
100
.43c
Jan
1.25
——1
Preston East Dome.——
1.30
37c
25C
Winnipeg
-
7.70 Mar
,
11%
1
Mining Co
Metals
1.30
38c
1
Mines—
7% Aug
5.35
3.05 July
'
Oct
1
Gold
7,830
500
Preferred
Jan
4.95
'
22c
3.45
■
Feb
Jun
47c
2.70 July
2,700
3.25
54% Aug
■'
28% May
July
7,000
4,485
3.40
1
,
14c
15c
2.95
15c
12% Aug
3.25
1.25
Western
1.93, Jan
Jan
3.25
2.80
11% July
1.25
Westons
Feb
40c
July
2.75
15c
1
l
1
C
of B
50
22
.
Jan '
1.06
Mar
24%
12
5
West Malartic
Feb
81
1.00 July
10
25%
12
123
1
Wekusko
11c
Oct
12c
Sep
52% July
.5% July
27% May
140
200
1
Gold
Feb
1.09 Mar
12
•
Oil—
Oct
54
25
*
Wasa
35c
July
71
1,700
25%
25%
5c
49c
27,800
1.25
Mines
25c
3.25
6%
•
—
Waite-Amulet
29c
•
July
1.50 July
6
24
50
1
common
10
Walkers (Hiram)
Feb
46c
9c
3,000
■
53%
common
——w——
Villbona Mines
4^————
Jan
2.85
1.00 July
■
(G)
Canadian
Vicour
Feb
35
Sep
8%c Aug
5
75
i
♦
;
—
Porcupine Peninsula
Porcupine Reef Gold Mines
Purdy
2,000
28
27,200
6c
1.17
Mines
Mines
6c
49c 51 %c
6c
50c *
Jan
Ventures, Ltd
1.65 Jan
July
10c
1
_
Gold
Gold
Pressed
1.32
.
Piccadilly
Premier
1.29
12 %c
1
.
Mlnw ;■
Engravers
Pioneer
1.29
9
Pen-Rey Gold Mines
Pickle-Crow
July
455
455
1
common
Perron finlil
70c
73c
29%
1
Malartic
1.95
Upper Canada Mines Ltd
Jan
Aug
1
;
1.00 July
-Class
1.10 May
1
Mines
3,100
United
Feb
18c
29
m
Ltd-
1.10
United Fuel class
Aug
8%
July
70c
-
Feb
1.00
Class
May
2.59 Feb
Oct
7c
2,500
70c
July
50c
"
4.10
United
Jan
1.23
5,500
July
Union
86c
7%c
2.15
Jun
57c
July
29%
Paymaster Cons Mines—
Photo
21%
40c
60c
Cadillac
Penmans
Oct
20c
Jun
2,475
Gold_
Union Gas Co.
Jun
6,500
Jan
24o
2.30
United
26%
10
2.29
Consol
Towagamac Explor
Feb
13% Mar
Feb
Jan
Jan
7
,
42,500
Jan
26
33,150
(new).
Parbec Malartic
Partenen
30c
Oct
23c
—...
Porcupine Mines
°aramaque
Oct
65c
Petroleum
Hersey
Pandora
Sep
22c
7%c
15
4.45
38c
Inlet
1
Transcontinental Resources
Feb
43c
14c
15c
-
9%
Apr
40c
34c
Jan
5
9%
95'
Oct
2.20
7,825
Traders
Jan
37c
58c
Oils
Pamour
90c
70c
Pacific
Page
Oct.
23c
u
26,530
Sep
-Sep
July
13c
9c
Toronto
Apr
July
60c
1
j
2.30
Apr
20% July
92% July
2.52
Mines
Toronto
Sep
80c
1
Car
Pacalta
6%
Sep
13%
2.15
—
Jun
1.50
9c
Tombill
Apr
20
40
14
14
14
73
5,000
9% May
12 %
-
Jan/
77
16c
Thurbols Mines
3.85 Jan
i
Minna
Lake Mines
Lake
Ottawa
*i
.
9%
5
Gold
Orlac Red
190
f
V 88
,,
July
17
60
80
85
Toburn
Feb
1.40
19c
465
77'":
120
14c
Tnompson-Lund Mark Gold Miaes—_•
Feb
40c
7,000
19
18
19
9
common
17
75c
10% May
May
24
2.25
Texas
Jan
22c
Jan
42c
5
-Exploration
StfceYL
5,000
—100
Teck-Huehe* Gold
Jan
1.40
1.53 July
2,500
20
Gold Mines.
5
75c
•
Preferred
Apr
22c
Sep
5%
10,790
64c
Mines
5%
50
1.95.
5
Preferred
10%
75c
Tip Top Tailors——
Oct
5%
9
100
1
Preferred
Jan
95c
July
*
—-•
_4
'
'
common
Taylor Pearson & Carson
1.05 Mar
Oct
28c
205
6
10%
25
Cons
Tamblyn
Jan
72%
July
35c
1
Mines
">mnitranK
Oct
1.80
Apr
Apr
5.65 Feb
"
1.48
Mines.
Canada
6% Sep
18
Sep
5% Sep
10% Sep
210.v
20
6
Jun
:
Taku River Gold Mines.
30c
July
6%
19%
Jan
16% Feb
105
Sylvanite Gold Mines
May
30c
15%c July
20c
11c
Jan
1.50 FeD
1.55
—1
Surf
1.39 Aug
33c
Sep
10%
9
Rock iron Mines
Sullivan
Apr
62c
Oct
1.10
49%
Ltd.
Corp
Canada——__
Ontario
Jan
16%C
,
oi
9
100
16%
A
Apr
July
July
6
,,
23
60c
65c
.
29% Aug
3.25 Mar
2.04
1
Star Oil common
Okalta
Oct
40
14%c
Mining
Gold
Sep
27
14c
——.—
Northland
O'Brien
22%
27
I,340
6
July
9,550
.
Jan
; 34
.6,562'
V
75c
class
Sterling Coal
Sudbury Contact.
Sep
30%
15
.■
Co
steep
Apr
8%
6% July
743
Steeloy Mining Corp
May <
21
Oct
17c
Brock
Preferred
28
lie
Steel
'
17
9%
1.40
"1.12 Jan
Sep
Jan
Oct
35
17
79c
19%
*
Stedman
Oct
100
——-
Norbenite Malartic Mines
North
July
14%
28%
./1.80
Northern
49c
Oct
23c
5
Inca
Aug
1.10
Nipissing Mines
North
26c
14%
1.87
Nicholson
Norseman
45o
—
19c
11c
Normetal
July
8%
I-8'
-A
Yellowknife
iNuianau
Stanley
Radio
July
25
1.17
•
Starratt msnn r?n
Standard
Apr
Feb
11%
1
9
Nib
Jun
7
28%
■»*
—
Mines—
Gold
320
Oct
16 % Mar
31 %c
50
101 101%
:/;*'
Oct
16c
280
59c
16,200
9
common
May
18
25
Paving
May
81
3%
21,150
75C
■Preferred '
22
•
/
v
;
.
Jan
27
1.05
100
Sep
266
101%
67c
17
Sep
17%
—1°
Mines
Bidlamaque
Newnorth
50
25
30
36c
common
Jun
May
36% Jun
108% Mar
Jan
40
-
35c
35 %c
-
65'A
27
Calumet Mines
Mew
69
266
23
Standard
.
18%
Jan.
24
1,950
/
Feb
6% Aug
Mar
27%
60c
J
Mines
15%
266
!%
;
Mines
Preferred
Feb"
635
105% 106%
Sturgeon
Stadacona
Feb
25%
18% July
790'
27
1
10
110
31%
,24%
>nq
—
Standard Chemical
66%
12
8 /2
24
0
-
Trust
National
New
20
?
Springer
91c
1,280
29%
30
.
Southam Co
Sep
13% July
5% July
27
Oct
46 %c
2,005
new j
16%
16%
i6%
•
//'/•:• •¥
Malardo
Oct
22% Aug
2,912
56c
Sep
35
(N)
12
:
Oct
18 %
14%
Bladen
Slater
:
1—
Preferred
Oct
Feb
Oct
Aug
Oct. 3
;401
6
42
50c
61,400
11%
Jun
Jan
11
59c
11
17%
25%
36
6
new_.
Per
High
July/
13% Feb/
25
53c
54C
-
:
Slscoe Gold Mines
Jan
11
20%
B
21%
Oct
* -
39%
——
Preferred
25%c Jan
Sep
20%
19
—
class A
Wational Steel Car
.,«gus
*
—
12
50
17
14%
3%
12%
Oct
6.65 July
17 %c
—«-_l
:
B v—wi———-
Class
-
Jan
17c
573
25c
5
:
-
Simpfons Ltd class A
Mar
150
,
65c
--
common
-
12
21%
18%
24c
National Hosiery
I*
20c
-39%
Low
9
'
Apr
Feb
■
22
Sep
•••2%
2,OOP
8,835
1,500
3Va
8.20
~5o
v.
6,500
Class
18
Range sine* January 1
;
260
100"
;
,
—
Sllverwood's Dairies class A
1.70 Mar
Oct
17
'
25
\
Grocers
.National
5%C
5
,
,
2%
_20
*7 /4
88/2
*—-—*
Chemical preferred
36«
60c
Lac
National Drug &
75c
Oct
17%'
Mines
Mylamaque
July
~
7.50
*
1
—————;
Brass
Long
viosher
25o
19c
3,000
12
*
—
8%c Apr
22,735
17
20%
~
common
A
Oct
19c
17'/a c
8
1
.—«
Sep
July
4c
;
Silver- Miller'
Jan
75%
80c
1
-
5C
100
Light Heat 8b Power
Locomotive
Montreal
46%
•;
Jun
500
:
--
*
Monarch Knitting common
26%
2,275
,17
1
9
common
new
preferred A
Jan
40c
35c
lie
% ! 810
—
16%
9.50
18
8h»r«i
High
9.25
9.00
.
common-j-i.*i—ii.——
Pi'eferred
:
■
31,700
i
4c
'
17,
.
—
—
Oils
Model
Modern
960
'
Low
/,t
——. r—,,
Silknit
12% May
--
—*
-*
....
Mid-Continental
Sep
r
:
85 c.
•
■10%
*
--
Gold————*
Gold Mines.*
McWatters
85
£:{?
Sigma Mines
for Week
of Prices
.'"Par.
High
20% July
bales
Week's
Range
Sale Fries
Sep
18
200
01,,
4C
Friday
Last
Low
J?
—
;-l
■
STOCKS
1
Range Sine# Jannary
Shares
Mines———48
°.L/l
Mines
*
</ 90°
89c 1>05
—..
"
for Week
of Prices
High
—
Lake
Rea
«LUMarmao
>
Sale*
Week's
Range. ;
18
*
preferred
im*
lota
Par
McBrine
i
.
7> Feb
5.00 Feb
40c Jan
-50 -• -46 - - May
500 —-r--9Vic Oct /
53 k Oct
./33c Jan
: >
<
P
*
' y:
*5
'
'
>
THE COMMERCIAL & FINANCIAL CHRONICLE
Number";4533
[Volume 164
OVER-THE-COUNTER MARKETS
s"
Quotations for Friday, October ll
;V^,
QuMons on Real Estate Bonds
Fbr
Specialists
in
Shaskan
over-the-counter securities
'it
,Vj
ry/'S*i
Members New York
Trading Markets
Firm
Members New Yor
■
-Sr'
in
Active issues
250
>
"
[
„
Tel:
120 Broadway, New.York
Ward
Co.
&
CHICAGO
Direct Wires to
Tele. NY
—
DIgbjr 4-4950
BeU Teletype NY
PHILADELPHIA
v
-
\ ".'-r-'
''
\>
Association
'rS
(When,
Island
Chicago Rock
Bid
Mutual Funds—
>
10.54
8.14
16.50
.—
103.22
B
21.69
23.32
Mass
Investors
Trust
Broad Street Invest Co Inc——
18.34
19.83
Mass
Investors
2d Fund
1
17.79
Inv
Bullock
Tr
Fund Ltd
Canadian
Inv Fund
«
Century Shares Trust
4.96
15.00
13.87
2,600
2,700
149
154
5.81
18.42
19.91
2Bc
1.48
Delaware Fund
Dividend Shares
Stock
«•
Fund Inc
Inc.
Financial Industrial Fund,
.—10
First Boston Corp
—
B
First Mutual Trust Fund2
Fundamental Investors Inc
Fundamental Trust shares
General Capital Corp
General Investors Trust
Aetna
23.99
25.83
New
4.14
5.80
6.44
2.18
New
16.54
17.41
H-96
13.14
35
5.48
;
——
Automobile
15.63
5.49
Agriculture
6.14
14.26
6.30
—
stock..
Automobile
Agricultural
shares
5.91
shares——
shares.
Automobile
10.72
Fund—
12.68
13.24
—
12.05
8.81
9.69
10.65
9.76
13.66
7.64
11.71
8.41
stock
7.40
8.14
Building shares
8.10
8.90
Machinery
Chemical shares
6.40
7.04
Merchandising
10.05
11.04
5.54
6.10
Aviation
Electrical Equipment
Food shares—
—
Fully Administered shares—
General bond shares
i
Industrial Machinery shares-
7.75
—
—
American
Reserve
Surety
—10
15.00
Bankers & Shlppers^
Boston
—
shares
1
Corp
19>/2
2iy2
58
61
41%
30
26
29
Pacific' Fire—.-::.
•
29
31
Phoenix
10
65
69
Preferred Accident
3.92
of
4.97
Selected Amer Shares
5.56
Sovereign Investors
Standard Utilities
12.46
13.48
1
6.46
10c
84c
„
13.96
Fund
Bond
Series
B_
Series
series A—>?
C
———
.i
B-l
Series
B-2
Series
B-3
Series
B-4———'
—
-
—
29.47
18.83
8.92
9.79
91%
123^
Revere
21J/4
St Paul Fire & Marine
33
35
Seaboard Surety
21
10
19
47
Republic
(Texas)
(Paul) F>r«
10
,iq
,
90
94
U S
American
a
26%
28%
10
24%
26%
U S Guarantee
\o
94%
97
Westchester Fire.
8%
Fire
10
25
10
10G
Fidelity & Guaranty Co„2
4
10
—2.50
,
,
1976
104
1043/4
1971
1013/4
102 %
YonkersEl Lt & Pow 2% S—1976
Gatineau Power 3s
1970
101
1966
Calif Elec Power 3s
1
3.23
Illinois Power Co 27/as
Iowa Pub Serv 2%s
1
U 8 El Lt & Pwr Shares A—.
2.76
Kans Okla &
2%s
Amer,Trust Shares—*
1955
Series 1956——
.....1961';
95%
94%
•'
98%
Preferred Stocks—
99%
1976
102%
103%
American Airlines 3J/2%
1976
100%
101%
Central
Gulf-Ry 3%s_1980
Laclede Gas Lt 3%s
18 Ms
98
COS.—See Page 1888
102
103
Ohio
1975
104
105
Pennsylvania
1975
100%
101
Public
1976
100V*
101%
Ruppert
100%
101%
Bcranton
10iy4
102
Scranton Spring Brook 4.10%
Sioux City G & E 3.90%
100
Union Oil (Cal) R3.7S
♦
Far
Ask
Power
2yas
Ohio Public Service 2%s
Gas
&
Coke
3y«s_l976
Public Serv (Okla) 2%s
Obligations Of Governmental Agencies
105 %
26%
29
595
41%
47
•
if
43%
50
77
82
29%
.32
Scranton-Spg
Sioux
Brook
1975
27/«s__l976
City Gas & El 2%s
Ask
Bid
Bid
Ask
101%,
101%
100y4
101
99%
100
1975
■;
97 Vb
98%
100y4
99%
101%
100
Public
Serv
Service
3.90%
Electric
(Ind)
99%
;
77
90 %
923/4
108
109 %
100
102
102
3.70%
3.50%
(Jacob) 4%%
Electric
98
104
97
100
3.35%
99
103
106
100%
102 %
100
102
101
100%
Willys
Overland
4%%
102%
105
103
104
/
56%
57 %
Federal Home Loan Banks—
Federal Land Bank Bonds—
Oct. 15, 1946——. bl.10%
Apr. 15, 1948
——
997/a
0.90%
100 iV
100 x3a
99i3B
1 VaS Jan.
31%
580
75
Maine Power 3.50%
Monongahela Power 4.40%—100
1965
Portland
1950-1948
29%*
.101 -
Par
Pennsylvania Electric 2%s__1976
Philadelphia El Pow 2%s„1975
FOR NEW YORK CITY BANKS & TRUST
1,
68
*7;
102
3s
2.42
Series
Par
Tenn Gas & Transm 2%s__1966
Texas Power & Light 2%s_1975
Utah Pow & Lt 2%s
1976
American Airlines
V
•
North
Ask
Columbia Gas & El 3yaS
V.:l.
Monongahela Power 3s
1%8 Oct
24%
;
Security Issues
Bid
Par
Bonds—
Montana
Bid
29%
22%
44
U S Fire
491%,
.
27%
10
15
-
-
65
:
'
5
12%
Travelers
6.35
(27.67
16.71
(NY)—.1
10%[
2.80
D
28.14
Reinsurance Corp
19%
Recent
19.78
Diversified Trustee Shares—
25.24
35
28
8.63
18.13
1
a
p j
Independence Trust Shares
Series
79
32%
24
Hartford
55
13
113/8
5
Hanover
95
**
11%
87y4
.10
com__
52
n
■
15
Fire
-
75
Security New Haven
Springfield Fire & Marine
Btandard Accident
J
21.28
Unit Type Trusts—
14.42
Keystone OustClan Funds-
60
0
6.84
7.90
19.46
Fund
Wellington Fund
31.41
90
10
^,,10
0
20.59
6.25
Union Preferred Stock
15.30
28.90
:
,'^n
Indemnity Co
167
56
6
23.15
1.05
14.11
83
19 ftp
y
97c
22.46
18.84
Union
93c
_
22
77^'
5
52.00
87c
-
95c
13%
20%
•74c
67c
49.00
25o
Union Common Stock Fund B—.
—.
51
12
7.07
Trusteed Industry Shares
Bank Group shares
48%
5
5
.
2%
27
2.50
preferred
Great
102.04
25
Providence-Washington ——..10
51
160
Fire
River
.10
Newark...
Fire
& Rutgers
2nd
3%
47
20
Globe & Republic
Globe
5.58
14.41
shares
—
Stock and Bond Group sharesInvestment Co of America
10
Investors Fund O
—
1
10
10
Franklin
■
York
Pacific
Firemen's
4.51
24.90
Insurance Group
8
Fireman's Fd of San Fran
.
/
27%
44
Crum & Forster Inc
6%
152
/
10
Northern
9.12
•
5ya
.25%
10
Northeastern
10
8.32
Pomeroy1———-—-»lpd; v<f- ;$•,
Scudder, Stevens & Clark
Fund, Inc
——• 100.04
13.15
New Hampshire Fire
51
142
2
New Brunswick
10
3.57
Securities Ltd—
Aviation Group shares
64
Connecticut General Life
Continental Casualty
Republic Invest Fund——t
3choellk0pf' Hutton - and
Institutional
59
25%
49
20
Casualty
9
23%
2
Fire
City of New York
6.87
23.16
Union
Amsterdam
6%
y
7
(Detroit)—10
Liberty
New
North
3.48
1.71
National
6'/4
New
6.24
1.66
41
23%,
Glens Falls Fire
80c
39
5%
5%
/•-/;' Hi "'
67%
16.22
60C
National
21%
30.00
Fund
25
4
National wirp.- '■
62%
12.16
State Street Investment Corp—
Foundation Fund Ino
Common
—i
10o
Incorporated Investors
B
17
553/4
10
15.08
Income
Casualty
15
—5
Camden Fire—.,/
20.00
Trading
88%
23
N Y
28
Fire Assn of Phlla
7.56
12%
84
—4
National
7.02
12.87
10%
5
Fire
52%
2%
6.13
5.05
Tobacco shares
Merch & Mfrs Fire
Monarch
10
Automobile
Baltimore American
Employees Group
Employers Reinsurance
Federal
Fidelity & Deposit of M*
5.07
Steel shares
12
28
.1
4.80
11
14.43
9.69
I
12%
17%
Putnam
4.36
Merchant Fire Assur
30%
5.28
4.71
18'/4
16'/4
10.97
4.27
Equipment shares
Railroad stock shares
RR
11
Casualty
Massachusetts Bonding
Maryland
28 y2
4.79
Mining shares
petroleum shares—
Railroad Bond shares
19%
32
10
7.56
&
I7y2
Re-Insurance
6.87
(Geo)
34
Fire
29%
American
General Reinsurance Corp...
Gibraltar F<rs & Marine
Petroleum
89
31
9y2
3.15
——
16%
85%
20
16y4
8.29
-
Tobacco
8.52
14%
10
Jersey Insurance of N Y
5
11.05
Railroad equipment
Steel
10.27
.10
Insur Co of North America
Equitable
5
American Fidelity & Casualty_6
American of Newark
0%
9.99
Shares
Merchandise shares
Low Price
Huron Holding
,
——
——
Railroad
7.64
9.78
Homestead
76
4
6.31
—
Public Utility
8.98
6.95
Institutional bond shares
Utility
Oils
48 y2
73
5
—
10
5.56
Metals
7.48 j -8.22
8.17
Investing
;
Insurance
263/8
10.73
Diversified
6.50
9.41
9.75
11.54
Speculative
Electrical equipment
8.51
7.74
11.18
-
Diversified Investment
Group Securities—
42
24%
•
Alliance
8.56
13.14
—
Equipment—
Business
6.11
5.82
V
American
—
Building supply
41.85
#
American
12.41
Ask
38
Home
46 y2
7.38
6.70
H-29
10.17
——-
Aviation
Bank
•;
7.56
York Stocks Ino—
series
Bid
Hartford Steamboiler Inspect._lo
49J/4
25
3.71
Agricultural
v/>r '.is>4^.
r:
7.40
4.09
Par
8iy2
46%
10
Life
78 y2
American
England Fund
1.92
Ask
10
10
American/Casualty
5.37
Bid
"
Surety
8.63
Chemical
i
11.37
American
Speculative series
16.12
32%
:'•% Par
Aetna Casual &
1
25.95
15.07
Fidelity
Insurance Companies
14.90
14.77
—
24.27
1
—
Bt Louis & San Francisco com—'
Preferred
48%
8.60
14.78
—
1
Preferred
92
46%•.
.
27.41
7.81
3.67
Preferred stock series
—100
6.03
3.85
.
preferred
Denver & Rio Grande eom—
Francisco—
4.35
■.
Selected series
Balanced Fund—
Stock Fund.
San
7.69
■
priced bond series
Low priced stock common—
Caton & Howard-
&
1st 50-year 4s
Income 75-year 4Vas
7.00
4.85
6.63
6.88
—
Low
1.63
Louis"
St
_
series
stock
5%
89
Aetna
series——w—..i—
Industrial
6.32
1
Income
Common
49.10
13.75
10.52
— ■
.1
National Security SeriesBond series
—100
Commonwealth Invest..——I
—
■
_—...
National Investors Corp
Christiana Securities com—100
Preferred
shares
Balanced
31.52
29.31
"a
Chemical Fund
19.50
4.201
-1
Ltd—
,
Chicago Rock Island & Pacific—
■
5.08
.
7.82
25.49
13.75
13.63
—10c
—1
1
Mutual Invest Fund Inc
10
Nation-Wlde Securities—
! '
Common
99.09
of America
Boston Fund Ino
Bond
'
48
16.30
106.72
48.12
Sayles Mutual Fund—*
Loomis Sayles Second Fund_.10
Manhattan Bond Fund Inc—
53/4
43/4
1
Fund
Loomis
6%
5%
1
Beneficial Corp
Blair & Co
S-4
Knickerbocker
27.84
4J/2s
'
2018
12.88
8-3
Series
8%
7.53
Series
11.44
7%
15.18
Axe-Houghton Fund Inc
Axe-Houghton Fund B
8-2—.
8erles
/
1st 3-4s income—^..——1993
24.28
11.69
4.58
5.42
Series' S-l.-—————•,■'
4.54
4.15
..
22.13,
25.34,
14.84
—
Qrande—
Rio
Income
19.77
,'///:
Stocks
77
Denver
18.02
Series K-A—.
32
29%
10
Holding Corp
American Business Shares
1
American Foreign lnvestlng.100
Assoc'ted Standard OH shares—
Series
4.77
4.36
lVi
Affiliated Fund Inc
K-l
7.74
7.05
-1 '
\
y
and if issued) ""
as
104
Conv, Income 4yas__.____20i9
par'\; Bid
(Cont.)—-
Keystone Custodian Funds
Aeronautical Securities—
Amerex
•..v,....
'
Ask
& Pacific¬
ist 4S———————__1994
Ask
■
Reorganization Rails
•
Par.
Bid
1-053
v.
2-8700
1-1287 & 1-1288
REctor
Phone:
Member* New York Security Dealers
Established 1023
40 Exchange Place, New
99%
1, 1953-1951
99f*
103 Va
Other
99111
2KB Feb. 1, 1955-1953
1%S
103%
—
100
issues
tt S Conversion 3s———194?
3s——-—1961
Panama Canal
100%
126
.
United States Treasury Bills
—
127%
Rates quoted are far discount at purchase
Bid
Oct.
:
Maturity—
Ask
t
1%%
100.3
—1%%
100.4
100.5
—1%%
100.17
100.18
1947—
1948-
—i%%
100.10
100.11
100.29
100.26
15,
ISept. 15.
tSept. 15.
1946
.
Dollar Price 100 Plus
Maturity—
Certificates of Indebtedness—
100.4
tMarch 15. 1947.
tSCpt. 15, 1647—
tDec
•
*%S Nov. 1, 1946
tn/ns Dec. 1, 1946
t'/as Jan. 1, 1947
t'/aS Feb. 1, 1947
*%s March 1, 1947
V/eB April 1, 1947
t^eS June 1. 1947
f/as July 1, 1947
t7/as Aug. 1, 1947
t'/aS Sept.
t7/aS
Oct.
Bid v; Ask
.0123
.0074
.0226
.0147
.0199
.0134
.0219
.0129
.0281
.0205
—
.0253
.0345
.0342
—
r—
.0467
.0244
.0273
.0386
.0432
1,
1947
.0298
.0474
1,
1947
.0332
.0523
0.28%
Dec.
b0.375
0.33%
Dec.
b0.375
0.33%
Dec.
Nov. 7, 1946
Nov. 14, 1946
NOV. 21, 1946
,
Bid
b0.375
1946
b0.375
0.33%
Dec.
b0.375
0.34%
Jan.
b0.375
0.34%
Jan.
Oct.
Figures after decimal point represent one or more 32ds of a point
Int. Bate
Nov.
Oct. 17, 1946——
Quotations For 0. S. Treasury Notes
Bid
Ask
Treasury MHs-*: ;v
a
24,
31,
Odd
Formerly
g
1946
;
———
lot sales,
b Yield price,
c
1946—
1946
12, 1946
—
—
19, 1946-—
26, 1946—
:
2, 1947-——
9, 1947——————29,
-
5,
Ail
bO.375
b0.375
b0.375
0.34%
b0.375
b0.375
b0.375
0.35%
0.35%
0.38%
1
bO,375
0.35%
/
0.35%
0-35%
a Deferred delivery,
e Ex-interest,
f Flat price
k Removed to Stock Exchange, r Canadian market. sCash
Cash sare.
Club Aluminum Utensil Co.
included in range for year,
t Ex-stock dividend,
(Un) Unlisted issue.
wdWhen de¬
livered.
x Ex-dividend,
y Ex-rights.
•
, ;
v •
;r '•
z Formerly
Alfred Decker & Cohn Inc.; name changed to Society Brand Clothes July 29
sale—not
1946,
*
.
and common stock split on a 3-for-l basis.
tlxr default.
*No par value,
dividend.
,
JThese bonds are
,
•>
<
subject to. all Federal taxes.
flEx-llquldatlng
)
-
<Wi
FINANCIAL CHRONICLE
&
THE COMMERCIAL
;
a
stand at $11,081,048,318
against $9,332,338,684 for the same week in 1945.
At
this center there is an increase for the week ended Fri¬
day of 54.0%/ pur comparative summary for the week
:
*
follows:
.
472,657,401
303,362,28$
614,000,00$.
382,000,000
Cent
+54.0
+54.8
+60.7
,217,753,858
' +55.6
1946
1945
$6,262,055,*951
$4,067,045,192
Week Ending Oct. 12—
New vm*
Chicago
-
Philadelphia
338,833,158
i
Boston.
Kansas
;
'
Per
TELEGRAPH
CLEARINGS—RETURNS BY
203,660,346
126,140,330
In the following we
f
175,237,371
128,669,389. >
+36.2'
I«8i780,617(
116,659,495
9.2,881,011
+ 81-8.
$5,739,833,564
1,408,507,39$
+54.5
+54.1 *
U—w.
Cleveland
'
Baltimore*.*—^.-.
145,694,810.
.
2;17<QiQ98,t65
Otherqifcies, ftvadays-.^.-^~-r
Philadelphia
42,699,393
;
____10
6
6th Atlanta
10
17
San Francisco Reserve District
OF
1945
Francisco—
Total
7,048,370,376
+ 22.3.
698,220,805
..
+19.2
+ 21.6
5,772,162,734
705,583,618
591,205,716
270
298,101,038
r.
371,701,718
4,502,766,861
603,308,797
560,963,800
321,045,655
+
416,468,427
—
+ 29.7
396,106,062
383,916,443
+25.7
597,197,308
534.856,603
+ 35.5
299,267,817;
215,506,073
29+258,081
275,582,224
220,070,516
+46.5
131,383,771
+19.9
519.071,774
13+115,372
489,018,591
641,396,831
298,857,039
t
-
254,040,252
+ 27.9
.
+ 21.5
313,458,765 +
147',490,796
651,221,310 :
V
—Ill cities
'i
...
A
$
569,652,798
;
380,898,533
,
:j
1943
$
392,033,024
216,078,656
4tf
10
1944
+ 32.4
538,329,484
'--v
<«
6
Dec. %
449,102,861
324,953,066
..
10
-
Inc. or
$
*
405,028,295
**,
7
Minneapolis
City
10th Kansas
11th Dallas
CLEARINGS
BANK
806,320,769
u
by 19.9%.
Reserve Districts:
540,095,531
».■
4
8th St. Louis
+ 54.4
—98.0
by 21.5-%, the Dallas Reserve District by 46.5% and the
407,766,328
<1
The Kansas
City Reserve District has managed to enlarge its totals
832,612,038
692,932,074
M
District of 27.9%.
the Minneapolis Reserve
$
8,623,413,141
<<
»
7
7th Chicago
+56.9
$7,148,340,954
2,183,997,730
$11,038,348,925
Total all cities, five days_.
—
1
5th Richmond
12th San
All cities,; one day.
12
New. York
4th Cleveland
9th
$8,868,250i760
cities, five, days
Ten
•
u
In the Chi-
Reserve District the totals record an increase of?
25.7%, in the St. Louis Reserve District of 35.5% and in
cago
1946
v'-!
ist Boston
3d
+89.7
+ 39.5
and the Atlanta Reserve District of 29.7%.
594,837,469
2d
104,100,000
199,222,00$
Pittsburgh
tr
SUMMARY
improvement of 22.3%, in the Boston Reserve
32.4% and in the Philadelphia Reserve Dis¬
an
trict of 19.2%.
The Cleveland Reserve District enjoys a
gain of 21.6%; the Richmond Reserve District of 27.0%
by Federal
:■
Federal Reserve Districts
277,825,000,
.
-
a summary;
>
San Francisco-
St.Louis__—
;
furnish
Week Ended Oct. 5
+61.5
197,500,000
—
show
District of
Accordingly, in the above
the last day of the week in all cases has to be estimated.
In the elaborate detailed statement, however, which
we present further below we are able to give the final
and complete results for the week previous—the week
ended Oct. 5. For that week there was an increase of
23.8%, the aggregate of clearings for the whole country
having amounted to $14,476,157,210, against $11,696,434,089 in the same week in 1945.
Outside of this city there
was
an
increase of 26.7%, the bank clearings at this
center having recorded an increase of 21,7%. - We group
able at time of going to press.
Our preliminary totals
year.
.
•the cities according t<i the. Federal Heserve Districts in
which they are located and from this it appears that in
the New York District (including this city) the totals
Complete and exact details for the week covered by
the foregoing will appear in our issue of next week.
We cannot furnish them today, in as much as the week
ends Saturday and the Saturday figures are not avail¬
week show an increase compared
year ago.
Preliminary figures compiled by us,
based upon telegraphic advices from the chief cities of
the country, indicate that for the week ended Saturday,
Oct. 12, clearings from all cities of the United States
from which it is possible to obtain weekly clearings will
be 18.7% above those for the corresponding week last
with
CLEARING S
B A NX
OP
COU RSI
THE
Bank clearings this
Monday, October 14,1946
*
285,211,832
+ 23.8
10,211,877,016
8,643,902,698
+ 26.7
11,696,43+089
1+476,157,210,
282,389,941
4,636,892,541
+298,659,302
i.
Total all cities for week__ $11,081,048,318
'
■
:
" "
•
+18.7
$9,332,338,684
f
'
'
Outside N.
■"
the New
,.
^-Month of September-*—
shares
"
Bonds
279,672,501
of 12.9 %, in the Boston Reserve
"
'
Railroad 8c misc.
-
$9.48,286,900; $1,736,203,000
$ U. S. government
,bondft
Total bonds
-
' * '
•
-
468,500
•
516,700
$1,813,131,810
properties on the
New York Stock Exchange loir the first nine months
Of 1943 to 1946 is: indicated in the. foRowing:;:. *
+
■
No. Shares
^
/
38,996,19$
32,612,585
^7s811,394;
17,100,772
18,032,142
24,434,084
25,663,76$
27,402,243.
27,643,038
36,997,243
111,266,707
Firsfc Qqar^er
99000*023
62,555,204
V,'
?■■?.
79,463,469
April;
21,.716,87$
83,553,396,101,604,706
Months
•
'v...-
;
'
■
Third
Quarter %
8+852;398;
The course of bank clearings at
:
September in each of the last four years
(000,000
—i—Month. 08 September*—^-
omitted)
1946
York_
1945
1944.
5
2,522
Boston
1,767
Philadelphia
3,135
St.
1,003
Louis
Pittsburgh-
1,084
1,535
Fran-
Baltimore--
750
.
Cincinnati.
Kansas City
869 "
1,047
Cleveland—
+17.7
22,179.156,091
+
55,6.76,082,669
98T
8023>
7„5Q9
8,670
5,868
3,414
9,085
BOStOni.
■'
709
/
.3,98.7
11,034
7,406
306
310
307
3,390
2,981'
337
37$
Providence^
97
300*
325
.3;4Q$
78,
70
161-
82
151
8.45
+
Milwaukee-
192
152
Buffalo—
308
24$
280
5,037
3,366
3,17$
1+506
12,884
2,777
2,916
2,798
658
217
204
21$
'
361
26$
25$
25$
126
12$
-I
543
Paul—
Den vac
„
Indianapolis,
Richmond
164
Memphis
422 + 395
-
177
395
City
87
62
2,482
L
:
all—
Out. N.Y.C.
We
4,827
4,963
6,506
Other cities
14.
2,516
St,
0th
Louis
13,646,718,379
23,909,136^2$
11th Dallas
12th San Francisco
de N. Y.
The
our
238,701,539,634
*
1946
Months—
-
-
MONTHLY
.
'
'-'^4 '
$
February
49,797,536,096
March
57,593,355,253
-
Total 1 st
56,312,980,526
+ 2;174
1142
3,231
1153.
2,745
Total 2nd
400
Total 6 Months
1,735
1,642
1,535
3,240
3,639
3,447
1,109 +r 1,057
779
642
621
595,
4,841
56,289
46,741
43,082
1946
Me.—Bangor.
-
-
-
Portland
+767,544,394--:
6,445,156
Fall River_.
Holyoke_
+ 23.8
!+ 26.6
^
Worcester-
•
43,069,008
29jQ77,643
2+392,131
+
20,130,708-
+ 23.3
52;653,907*
+
19,155,250
--
25,648,690.
6,388,800
+969,684
2,095,077,394
:
•
.
.
+43.9
+ 41.9
-
'+23.4
3,300,938
+ 50.6
1,647,989,869
+
27.1
,
83,659,202,700
1943.
t
'
845,74+600
41,073,204
18,589,75+248
|
? .
+
67,989,000'
720.077,40a
30,416,160
+175
16,686^38,228;;
+
121+831,760,600
■■r''
+ 38v2
.
?
+ 18.2
v
+
321,309,415
45.T
.
..
35.0
.
v;
+11.4
^
905,903
-
5,399,362
+ 42.8
1,531,592
4,834,191
+68 9
17,559,229
+ 60.1
9,966,878
+10.6
16,948,857
6,540,696
A
22,607,800.
1,368,871
t : U''--; 17,827,100
594,837,469 --
:
.
+ 26.8,;;:,
; + 47.2..
929,893-
449,102,861
-
V:
+ 32.4
-
......
1
>
'
70+820
+770,539
3,005,666
14,818,455
t
5,801,460
13,847,900
-16,275,000* £
•„ 392,033,024
-
496,319
1,295,348
2,917,225
+ 32.6
,
it
.-.
'
.,3,667,989
"1,473,785
rV
1,031,636
+,137,660
•
+ 89,®
337022. +
^
3,408,363
+050,434
1/
•.'/v.V
1,213,386
1,332,53T
!
+ 31.5
•1,423,196
/
1943
Decvfa.
383,836,363
11,026,685
-
+ 12.7
1944
Inc. or
.
26.7
•
.
.
«
1,702,85$
4,788,894 '
...
+23.4
,
5 for four years: Oct. 5rWeek Ended
'V
t
+ 23.6
67,79+277,851
,
238,70+539,634
,
6,194,673.
28,116,589
">•+27.+
258,413,815'
329.265,761
86,159,600
7,712,513'
+21.4
7.4
.7.6
+
20^5
1,015,056
1,953,884
+ 28.3
128,93+263
I ! 642,261',650.
779,883-,353
:
+ j.
+ 21.2
35.9
24.5
+• 9.7
+; ,1.3
+ 25.5
;.V-- ■;
+-24.4
183,086,00$:
r
:165.418,204
+26.$.-
78,783,100
97,251,400
VF
-
-
227,778,608
+ 37.0
13,$79>277
69,473,841
9,06+700
65.579,182
1+31.9'
.
(;
2+812,261
+31.5
5,808,272
19,649,348
3.6,902,720
Waterbury;
Total (14 cities)
55,781,856
+ 57.3
+ 44.+
23,973,433,771
26,175,292,029
23,116,102,919
50+75+4002,074,081
4- 9.6
7.9:
22,179,156,091
5,660,237
+19.8
128,923,029
+ 28.9.
87,728,065
New Haven
R. I.—Providence.
N. H.—Manchester
*
25,913,402
Conn.—-Hartford!—
1+35+46+454'
2,033,633
7.639,011
Springfield.
15+393,621
15,726,492,603
+ 12.1
22,409,018,841
2,352,68®
+5+1
37,82+696
+2$.5
+999,437
2,929,842
'
58,290,752
2,473,438
>
3,890,830
—
Lowell.
New Bedford
14,899,872
1,396,121,521
18,445,091
Mass.—Boston;
f+*62.y
4,429,702
7,1$7,849
22,997,145,805
'6.4
2.7,407,666,765
-.A!
1
-
X94fi
J
+
28,013,324,857 %
28,238,211,078
and the week ended Oct.
Dec. %
70,89+611,144
+■ 9.3
73,145,871,605
22.5
+ 12.$
Dec, %
-r:
First Federal Reserve District—Boston—
+
-
14+037,482,749
2+2
454,287,146,86$
.
2+174^23,850
2+987,200,58$
+17.7
+
+
51+690,72+187'
Inc. or
+ i 8.0
.23,15+207,036 '
78,583,595,254
+
1946
or
Dec. %
155,042,336,93.4
$Q
+
47,312,353,639
-Jan. 1 to Sept. 30Inc. or
1945
Inc.
-i
2+730,186,706
25,779,113,158
26,296,977,710
26,507,50+386
144,526,199,345
Total 9 Months
188,707,21+930
76,458,741,680
17+130,916,170
Total 3rd Quarter
v.
1945
1946
» W'
S
372,789,808i749%,;
202,011,286,129
26,715,645,414
50,488,979,360
55,676,082,66$,
38,822
411,948,829,036
26,59+889,230
46,724,866,346
56,623,496,431
August
September.
detailed statement showing the fig ures for each city for. the month of September
;
j"
-
-
-
^
■Clearings Outside New Yorfc-
v
30$760;947,518
61,83+337,07$ -i
20,076,081,404
,
+ 12.7'
;
157,999,377,322
337,559,808,017
1,042
7,376,797,172
13,294,17+332^ £
8,755,226,236
18,816,62+003
;V;
3,478
1,404-.
8,099,668,03$
—r>m»
59,334,754,814
169,843,264,277
Quarter—
35,656,42+063
10.5621033,,E3
9,852,349,65$
'
1,99$,
144» -I486-
2,351
1224
10.346,504,313 f
,13,701,796;®49.
1946 and; l94Sr *
46,95+70+831 V
5+709,917,677.
T
56,858,841,445
) 56,671,442,306 *
25,201,667,551
23,017,508,496
1+003,974,884
23.$
+12.6
.
190,383,068,95®
11,461,896,562
+ 12.8'
-
151,761,570,196
167,716,543,740
Quarter_
+ 17.2
+
, -
53,673,338,76$
45,401,473,486
52,686,757,947
60,325,652,392.
January,
+ .;6.1
+ I8.fr
V
*
15,537,982,^2«
CLEARINGS
Clearings, Total All■> 4:
l945:Sv:W:
1,735
2,383
1943 £4,-1/.;.;
-
10,912,015,012
15,777,767,62$
39,085,330,86$
+ 26.0,
cjovemthsf" clearings by months^-since Jai^^
fpUbwing compilation
129$
487
'
•
;■
Nine Months
,
;;s5
+17.4
21+83+760,600
City
-Monthof September-
Clearings at—
,
v;
454,287,146,863
2,259-
230
±
«...
+. 3.3
+14.4
8,689,590.248 "V.'
la+citie*. ^-51+690,72+187
Total
\+l+$
15,013,672,006 :
10,862,306,978' t
,«2++97,44O,909
17,630,910,48+;::.'
3,051
'136
' 74
■
15,66+916,655
216,831,030,965, t V
-25.418.76Q.67.T
'2+765,036.682
+12:4
r
25,507,510,394
:
1+848,576,92$,'V.;
16,860140^1®
..-'-39,105,838,053,
..,
12,001,960,925 '
r
s-J14,062,512,567. »
10,944,317,328
Minneapolis
10th. Kansas City
2,599
2,951
¥
t
+1+4'"
,,
.
19,994,071,626-
1,902
.
23,307; 290,989
Vi," '
•
1944
Inc.-or '
.
41,473,603,258
2,359-
3,787"
45,232,903,053 >:
22,616,21+28$
Nine Months
26,7.6+338,430
Chicago,
1,821
u
23.8,
-J-.-
.
26,360,997,892
13,555,06+084
—
1,401
.
2,362,438,605^
45,909,538,888,
•
16,686,638,228 .
249J4$ 103,948.,.,;.,
-30,740,305,780
Atlanta*
27,407 22,179 22,616- 23,307 238.701, 21+831 2Q2.0U, 188,707
add
,
,
.mtmimtm
Richmond:
55,676 47,312 45,909 45,232 511,690 454,287 411,948' 372,789
now
- •
651
-
49,170 42,349 41,082 40,391 455,401 407,546 368,866 333,967
Total
Total
t 389
114
124
69
173
Hartford—
*
205
376
306
'
Seattle
Salt L,
'
'■
1,133,668,478.
2,312,559,086.
-
Nine Months
Philadelphia,
2,724
720
1,439
*
2,578
13,096
1,720
277
285
St.
•': ly
-»'•
18,389,75+248
286,783,134,62+.
14 cities
New/ York
.i^mmmni
"
Omaha*-u..
•..
31.5
anether table showing clearings^by Federal Reserve Districts in the nine months for fbur years:'
7,944
5,414
?
«.
:i
.
Cleveland;
7,233.
8,329
-
27,407,666,765
.
+289 fv +Q45F
398
663
1,15$
380
v
842i
4,719
1,542
'379
1.276
Louisville—
-
389
803
466
Detroit
952
3.18Q
9,301-
486
1,601
970
Minneapolis
850
885
1,089
N.Orleans-
+ 477
47,312,353,639
1,315,418,698 £
1,027,073,079
+1,593,913,534
1,12+829,946-.
Dw*%
lSt
.
489
+
.+ 21.9
Nine-Months
21,925 272,989 242,455 209,937 184,082y
2,113
2,075
2,125
23,149 + 20,011
18,940 -17,471
1,396
1,402
1,641
15,726. 1+35+ 13.479
13.389
2,589
2,680; 2,933 29,35$ 25,624
24,293 21167
759
762^
765
8049^707$
6,940:
6,295
956: 1,157
1,090
9,526
9,945
10,071
9,200
+267 ; 1,26+^ 1,210
13,236
11,439
10,824 ' 9,652
!
652
64$
7Q7,
6.756
6,250 +5,881
5,612.
583
-
1,207,719,500
2,311,316,325
Federal Reserve District*
28,268 25,133 23,293
Chicago.-w-
San
$.
-«.*•
+302,727,048/
2,817,34934$.
v
City,
8th
1943
1941
1945:
1946
1943
1,730+ 63,324
4,308,433,924,
1,289,028,688
967,501,98$
7th
t
+772,999,802
18.2,
1,370,334,763
1,566,956,843.
oth
;4
Jan. 1 to Sep. 30—
rr
$,
New
v
28.1
+ 21.7
5th
ended with
is shown below:
BANK CLEARINGS AT LEAD-ING CITIES IN SEPTEMBER
j.
*
.
-
+
+ 2+1
4th.
leading cities for the
2,827,195,304
1,276,39+995.
1,64+377,127
3d
month: of September and: the nine months
j:
,19
++
..v.
2d"
66,828,195 '- 6+918,60?'f 55,561,998
2,804,423,092
.
2+1..
1,129,195,169
200,704I72$t13t,342,925,.l71,4844ia^
279,673501 267,530.924 196.261,532 227,046,416
21.9
*
'
$
1,906,288,326
22,660,945,090
3,059,713,065
2,782,147,579
+
1,401,474,989
184 cities;
We append
20.595,10® 19,977i,030, 28,219,705
26,324,332 '
20,807,082; 21,714,249' 20,752,829 14,251,976.
43,450,216;,.25V134-,Mfifc- 13945,982 14,985,690
h
August
September
Nine Months
;
,
19+820* 103
July
33.9
—
QtTtelde^iNL
■jl,
+
City—
TofcaL
37,712,721 V23,413,845
69787,721 92,020,949
41,319,246,
+
1,255,323,237
2,289,118,816
4,618,944,269
1,706,050,374
■
+12.9.
25,831,218,081
1943
1,631,848,315
2+018,528,374
2,000,925,138
1,588,422.227;
Francisco
12th San
+19.6 '
+
"
$
3,060,146,857
1,644,732,397
16
—
11th Dallas
31,426,723;28;270i4a2w l3;846,69$ 33,553;S59
June.
Second Quarter
Sit
Minneapolis
10th Kansas
1944
27.1
+
•*
7
8k Loniy+.-.+ww-,—
9th
No. Shares
No. Shares
Dec. %
2,559,563,434
1,325,173,458
1,786,712,593
3,909,032,964
**
31
:,i
8th
51,510,191
34,092,745
.
February
sMarefc
Sl&S t /
No. Shares
,,
Inc. or
%
2,704,731,882
'
16
I
1945
--1,647,989,869
-
—
;
District of 21.9%.
serve
3,298,336,689
17
6th:Atlanta^.
7th? Chicago?
1943
1944
1945T
1946
V
fK
...
expansion of 21.7 %f in the Dallas
2,095,077,394
29,155,504,197
*
"
14
York
Richmond
5th
In the Kansas City Reserve District
an
Reserve District of 31.5% and in the San Francisco Re¬
$
14 cities
3d<. Philadelphia
4th Cleveland
The, volume of transactions, in share
1
New
show
totals
1946 ?
Boston
2d
5,353,750
>18,185,000
•
$149,259i400 $109i777,600 $1,028,756,100
__
1st
District by 35.9% and in the Minneapolis Reserve
serve
the
Chicago Reserve Dis¬
larger by 18.2%, in the St Louis Re¬
are
District by 24.1%.
District, of 27.1% and in
Month of September—
Federal Reserve Districts
71,57.5,060
62,284,200
5,218,500
6,492,700
trict the totals
Philadelphia Reserve District of 21.9%. The Cleve¬
land Reserve District has to its credit a gain of 19.6%,
Foreign govenr't
bonds.
Reserve District of 28.1%. In the
the
.,
$142,298,200 $10^04^400.
bonds
»■
■
1945.
267,530,924
1946
25,134,916,
43,450,21,6
Nine Months
—«». -.
1945
1946
the Richmond Reserve District of 24.1% and the Atlanta
of the clearings for
For that month before was an
increase for the entire body of clearing houses of 17.7%,
the 1946. aggregate of clearings having been $55,676,082,669 and the 1945 aggregate $47,312,353,639.
In the New
York Reserve District the totals record an improvement
We also furnish today a summary
1945: follow:.
Description—»1
Stock, numbec of
—
the month of September.
and
September and the nine months of 1945
sults for
City
4,824,976,24+
6,111,299,492
■
detaiJed;vStatemeEit of transactiook
York Stock Exchange is appended. The re¬
Our usual monthly
on
Y.
"I;
_
703,231
37+701,718
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4533
Volume' 164
—i—-—~Week Ended Oct. 5-
Month of Septemberv
Clea-ringa at—
r
1945
1945
$
District-—New- York—
Second Federal Reserve
Binghamton
•
«
;
5,359,257
6,580,900
28,268^15,904
242,455,386,263
520,140,304
40,215,351
266,662,713
Rochester
Syracuse—
•
7,787,714
:
J'.—Montclair
55,272,619
2,332,432
—
Newark^
J
175,946,470
)
Oranges__—
5,657,829
Third Federal Reserve
:
•'
■
20,798,078
1,580,162
745333
249,749,103,948
1,310,023
918,934
953,827
,
1,243,685
1,091,096'
6,871,457,848
4,345,243,396
11,730,802
13,536,705
j
898.016
'57,284,879
8,045,842
53,096,272
-•
>
•
5,327,255
7,177,306
#740,326
504,384
27,299,448
42,535,874
107046,231
+ 49.7
+ 78.0
469,447
+ 67.6
24,092,915
+ 34.7
41,466,648
42,894,417
29,155,504,197
—
Total (14 cities)——
:..r?
•*
11~590,901
1,135,339,368
1,541,221,029
144,802,553
——
10,157,204
:
313,800,359
17,933,931
—
Northern N.
48,409,819
39,982,328
Utica—4
Conn.—Stamford
^
1,643,061
v
1,493,882
8,364,857,718
17,708,500
45,634,608
~
—
—_i——v.
or
Dec. %
53,541,733
-
2,355,053
81,710,333
——:—
New York
N.
67,885,311
2,516,678,597
70,394,163
Elmira_——
Ifii Jamestown
27,970,161
721,854,610'
308,699,545
—■—
_
Buffalo
Inc.
• •
68,793,417
10,536,334
Y.—Albany
N.
.
v
7,048,370,376
5,772,162,734
District—Philadelphia-
1,158,472
671,889
Bethlehem—
3,9
1,355,149
1,059,338
+ 27.9
1,347,759
Chester
4,1
872,208
670,404
+ 30.1
1,005,194*
17,8
11,4:
2~88~3~,939
27546,683
806,000,000
678,000,000
2,538,194
4,056,701
2,071,291
1,755,170
2,984,141
2,072,620
1,942,786
3,411,894
1,382,207
3,391,577
1,856,063
1,820,630
Altoona^__w—4,2
Harrisburg
Lancaster—
Lebanon—
3,135,0
10,4
17,5:
8,1
11,4
Reading
Scranton
Wilkes-Barre——
York
Du Bois_—
687,000,000
585,000,000
1,378,295
r
2,557,690
1,550,543
1,661,470
1,3:
Razleton___
5,3
_
Del>+Wilmington
37,1
_.T_—
!—w«._.
N. J.—Trenton
22,4;
26,764,358,430
Total (16 cities),
Fourth
l7%2,753-
4,3
—
Philadelphia
'
703,694
3,4:
—____
Norristown
+ 72.4
Federal Reserve District—Cleveland+ 16.4
24,
198,038,011
170,136,713
588,
5,180,229,530
4,719,031,068
+
9.8
1,089,
92,
9,085,586,668
8,670,778,301
+
4.8
833,957,100
722,211,400
Ohio—Canton
Cincinnati
Cleveland
Columbus
4,605,659
114,793,570
197,280,137
17,558,200
+ 15.5
+ 15.8
+ 28.2
3,559,550
106,154,847
3,179,243
92,427,605
+ 29.6
210,684,691
190,127,138
+ 36.0
15,894,200
14,641,700
41,544,357
36,204,187
+ 14.7
15,793,256
+ 72.3
Mansfield
27,210,004
124,945,219
102,604,977
+ 21.8
3,629,12i
2,765,007
+ 31.3
2,546,682
2,090,200
Youngstown
193,107,005,
152,045,693
+ 27.0
6,512,77'
5,766,698'
+1.2.9
3,933,297
3,655,509
Newark
119,224,695
457,407,337
Hamilton
4,
Lorain
Toledo—l
97,961,263;
378,908,253
13,548,110
7,318,639
17,023,332
Pa.—Beaver
County.
Greensburg
,t,
11,976,790
9,526,158,388
Erie
140,705,456
9,945,018,897
115,366,227
Oil
Pittsburgh
+
21.7
+ 20.7
+ 25.6
+ 63-.7
—
4.2
248,432,449'
254,330,605
591,205,716
560,963,800
+ 22.0
1.6
City
Ky.—Lexington
149,064,249
146,765,974
+
129,783,966
109,418,088?
+18.6
W.
125,035,785
104,399,348
+ 19.8
26,360,997,892
25,507,510,394
Va.—Wheeling
Total (17
cities)
692,932,074
563,652,798
+ 21.6
Fifth Federal Reserve District—Richmond
W.
57,610,491
+ 42.6
3
312,111,000
259,494,000
+ 20.3
54
3,787,944,157
3,231,208,179
+ 17.2
<
1
108,793,411
94,568,697
+ 15.0
,
143,842,183
+ 39.8
<+ ""
8.1
?*■
82,147,101
Va.—Huntington
Va.—Norfolk
Richmond
—J
8/ C.—Charleston
Columbia
2
+
22,006,016
Total (8 cities)
+ 43.9
7,693,000
+ 24.2
103,523,413
+ 33.2
3,645,475
2,567,591
+
1,531,085
'
1,789,727,939
42.0
154I88M93
66~376,677
11,848,576,926
6,297,000
91,853,262
2,270.36L
V
•-
_—+
187,914,259
50/745,541
321,045,655
298,101,038
9,531,940
37,909,728
142,000,000
+ 27.3
+
1,213,481
6,800,000
88,244,013
2,272,002
+ 28.3
2,277,908,674
26
1,629,617
9,551,000
-407,766,328
6,250,119,421
—
D. C.—Washington
158/588,026
42^665,912
+ 30.8
^T40,429,411
"
40j26,426
,
282,389,941
Sixth Federal Reserve District—Atlanta—
^
+ 16.5
9,983,932
98,736,853
+ 25.9
4,311,048
2,497,542
9,838,093
114,321,900
87,991,831
+ 29.9I
11,819,645
267,775,829
8,154,229
200,695,090
98,052,056
77,157,375
+ 27.1
2/720,139
27208*,526
+ 23.2
37350",841
2,618,208,122
.2,065,468,670
+ 26,8
66,402,795
■1 47,251,255
+ 40.5
45,000,513,
20,039,443
11,972,105
181,278,504
144,593,054
+ 25.4
312,455,087
23,937,640
245.254,614
2,708,250,854
199,599,748
2,250,021,064
79^285^262
? 597oT8~,684
18,581,419
12,851,318
14,767,000
26,948,318
9,483,917
98,399,380
71,251,558
+ 38,1
13,551,000
19,308,700
128,950,000
111,542,000
+15.6
223,951,532
164,791,424
44,611,255
28,976,042
+ 54.0
12,903,602
3,987,383,824
10,185,202
+ 26.7
-
332,913
+ 23.6
3,414,346,315
+ 16.8
116,860,218
95,136,524
+ 22.8
19,994,071,626
16,860,140,816
540,095,531
416,468,427
;—
—
—
17,849,183
13,405,880
Augusta
806,900,000
rColumbus
.Macon
Fla.—Jacksonville
/Tampa—
Ala.-^Birmingham
-Mobile—,—
Mongomery
:
Miss.—Hattiesburg
Jackson
Meridian
'
1,607,930
466,641,309
Orleans
628.300,000
3,571,414
1,061,256
6,030,958
-Vicksburg
379,817,285
2,289,118,816
Total (16 cities)—
*
.13,689,680
153,400,000
534,848,567
1,551,870,522
6,063,612,993
230,421,598
Ga.—Atlanta
La.—New
12,956,230
53,869,678
197,900,000
506,652,362
1,877,088,285
7,064,400,000
130,020,202
55,667,678
Nashville
.
5.3
+ 21.0
57,099,166
170,040,373
Tenn.—Knoxville—±—
;
..
13,555,061,084
Frederick
;
201,138,640
6,756,775,614
28,242,487
75
Md.—Baltimore
2,345,612
137,933,305
184,747,346
—
,
+ 20.4
+
8.0s
5,378,790
38,397,003
2,719,180
-
4,831,880
38,627,111
139,600,000
2,173,895
2^6,003
;40,236,149
58/^70,273
'
4,536,300
4,944,461
+ 35.9
411,371.
—
398,508
.
94,141,644
396,106,062
383,916,443
Seventh Federal Reserve District—Chicago—
4,509,945
1,276,311,736
—
Detroit-
—.
_.
Flint———
2,676,180
+ 68.5
1,158,249,756
+10.2
14,038,425
8,887,180
+ 58.0
35,830,562
Mich.—Ann Arbor
—-
——:
_
39,447,863
149,662,305
+17.2
+ 28.4
25,457,358'
+ 46.4
126,407,828
."r 18,679,402
3,314,842
6; 184,341
'
Watertown—
4,169,728
19,018,534
5,950,896
11.5,
432,410,393
408,626,872
11,583,622
10,092,192
.7,862,611
90,923,588
1,439,420,114
5ij09,613
36/7"54",715
33r02~7~351
•.+ 43.2
+ 29.1-
125,089,409
1,720,469,845
27,505,930
53,997,659
82.6'"
9,454,604
Des Molnes-__-_i.__
60^876^
•
Ames
+ 24.3
+ 18.3
240,400,408
+ 21.5
1,224,120,580
+ 21.5
141,048,828
+ 11.5
#776,676
30,"8~48~OO0"
3,133,778
2,806,473
28,i"41~000
•
3,874,349
7,264,843
j
25,356,465 '
<
-
41,504,179
6,502,170
3lj2T,955,
+ 45;4
.+37.6
24,439,338
20,462,182
+ 19.4
/+17.0
108,153,397
,90,285,321
+ 19.8
68,786,18335,773,588k
1,213,361
3,171,304
1,577,947
4,940,486
•
3,048,008
40~9~8~1~O5O
2,031,232
36,323,488
Hi.—Aurora
+
38,154,392
131,307,032
10,390;940-
12,157,879"
92,430,476
City___
+ 30.0
+ 26.2
4,790,063-
1,100,697'
2,794,642
Manitowoc_^_"i
Iowa—Cedar Rapids.
+ 14.9
57.4'
,
2;315,149
•
4,702,188
2/727,879
+46.0-
'
42,994,658
152,370,412*
—
5,941,711
3^966^467"
+ 54.0
+
,
9,803,610;
Oshkosh___
63,749,987
6,257,706
345~3,539
4,704,200
47,443,593
155,304,909
292,116,166
1,486,778,233
157,298,194
11,870,896
ts
47,928,322
Sheboygan————
:
,+36.9
-
.,+
4,240,328?
Wis.—Madison.
Milwaukee
+ 40.2
5,809,983
Terre Haute-_L
.+ 60.8
+ 17.1
175,367,881
73,216,124
751401
+ 28.0
46,210,493
+ 37.5
14,216,134
_.
—.___
—
.231,042,842
+ 49.4
164,316,509
—
_______
South Bend
+ 46.7
3,911,775
14,604,898
8,144,426
___—.—
Indianapolis—
•Sioux
+ 48.9
24,422,007
5,803,152
18,256,581
+ 37,280,905
'
Muskegon
;Bay City—
Ind.—Ft. Wayne
:
+ 52.7
—15.7
76,628,613
5,842,246
—
Lansing—
.
27,064,626
13,096,772,182
20,084,475
Grand Rapids
•Jackson——.
Gary
41,321,546
11,034,145,287
114,085,475
295,761/924
■..+.34,4
808,990/667
372,434,652
13,617,552
618,332,571
+ 30.8
2,915,738
24,541,886
302,834,673
+ 23-0
9,851,194
9,335,814
+ 45.9
40,009/174
30,911,336
+ 29.4
+ 33 0.
.
+
1.5
+30,1;
.
+ 55.8
2,165,639
+ 34.6
17,328,912
8,683,543
+41.6
2,033,701
14,278,79?
2,000,013
13,303,032
+13.4
7,414,633
7,143,259
514,081
418,690,808
1,696,528
5,081,979
'
Bloomington
Chicago.——
•
3,599,196
2,113,909,733
+
Peoria
31,031,273
Rockford—
15,223,329
11,258,411
Springfield^
Sterling
1,294,805
Total (31 cities)
8,131,48#
9,747,972 +
4,618,944,269
->-
-
■
32.3'
32,848,191
24,690,911
848,024
647,203
547,489
23,149,211,586
86,730,094
20,011,030;489
72484,052
+ 15.7
623,054,306
+ 20.2
2,652,344
489,700,756
1,659,965
470,701,346
+19.92.3'
7,713,253
6,705,858
4,047,576
2,844,303
2,561,312
+
2,720,893
2,522,350,012
Decafcuri
+ 19.3
-
305,584,851
268,043,334
+ 14.0
9,939,086!
+ 53.2
133,911,101
95,840,575
+ 39.7
8,050,365
946,884"
+ 39.9
98,002,729
81,153,201
+ 20.8
+ 36.8'
11,694,261
9,000,550
1,936,583
+ 29.9
30,336,820'
+
41,473,605,258
.
.
806,320,769
7,110,213
2,470,518
1,888,839
2,019,848
+ 25.7
597,197,308
534,856,603
Eighth Federal Reseryft Ddsfricf-^-St. LDUls—
—1,003,280,711
Girardeau—8,061,337
8,149.635,816
1 253 440
10,675,100
380;524,2l7
3,390.079,144
2,383,925,630
9,313,974
48,579,750
M0^St^°U^■lt
Independence
Ky.—Louisville
—„^—;
Tenh.—Memphis—_________
HI.—Jacksonville—
s. .^Quincy_
V ?•
Total (7 cities)———
306,481,559
960,277
5,488,833
;
'
1,706,050,374
14,062,512,567
228^00,000
171,600,000
74,688,231
+ 15.3
88,794,700
7,176,483,494
70,303,153
51,445,808
+ 72.6
U23~000
+ 27.7
150,800,000
50,342,935
;
.
7,904,306
2,981,168,409
1,735,136,991
;•<
6,306,426
44,618,364
12,001,960,925
r>;i~434,607
+ 17.2
405,028,295
/
298,857,939
66,844,813
71,516,004
61,651,342
62,104,882
1/326^000
Month of
Week Ended Oct. 5-
September-
'
'
Clearings at—
Ninth
■?
*
•
-
I
1946
,
+ 33.9
14,084,011
+ 54.7
21,794,124
3,321,000
4,047,618
11,719,404
11,557,645
2,012,742
11,942,771
Minot——
Falls—
Huron
Mont.—BillingsFalls—
V-
11,379,226
;;
»
Helena—.
Dlstrict- -Kansas City—»'■
Tenth Federal Reserve
Hastings
•
Omaha
Parsons——.——y.
Wichita.—
City
Okla.—Tulsa
+ 55.3
7,822,428
+ 24.1
10,944,317,328
800,981,
ii.
filk 89,247,164
36.4
"
'
»*•;,
+57.1
11,288,862
+ 12.1
3,409,664,964
+ 55.7
15,480,737
337,973,938
1,155,197
'
1,137,952
14,172,360
+ 51.2
186,585,602
+ 34.7
335,317,454
4,116,248
+ 41.1
50,964,073
869,151,084
28,131,400
936,985
+ 20.5
9,304,030,426
2.6
279,564,196
+ 76.3
+ 34.6
11,351,901
652,534,363
62,703,717
3,051,105,654
,
-
—
—L———•
I
_
3,353,318
8,532,094
7,055,053
+14.5
265,283~325
+ 13.4
6,747,963
+
+ 17.4
j
■>
• •
65,101,681
74,679,522
17,445,000
609,442,577
4,286,391
9,669,151
Twelfth Federal Reserve District—San
Ida.—Boise
—
—
Ariz.—Phoenix———J—.
1
Calif.—Bakersfield—
—
-
Berkeley
—.
Beach
——
Modesto—
-
—*
——
Pasadena————
Riverside—
—
—
—
San Francisco
—
Jose
—
Santa Barbara-
Total
—
-
Stockton—-—
—
,
193,7787477
183,81^359
2.7
5,616,897
5,771,556
+
1,480,527
1,268,411
+ 16.7
l7l29,708
"+*27.3
*"986",483
380,898,533
313,458,765
+ 21.5
Grand Total (184 cities)-
+ 57.7
5,115,590
3,243,517
177466^000
118^240,000
+74.9
2,292,101
"
+ 5.4
+32.9
+ 27.0
493
+
105474400
19+53,421
157240.036
"+27.6
14r34-7",324
+ 29.3
4,799,000
3^775,000
+ 27.1
2,943,000
4,406,720,074
33,387,941
+17.7
+16.7
+25.9
+17.6
1,891,544
1,723435
"+"98
1,368465
221,453,626
7~563,101
SJesuoi
""+4*3.5
5459681
ij67l03
216.078.656
147,490,796
+ 46.5
131,383,771
134,115,373
86,750,768
+ 10.7
86,042,251
8.3
3,465,815
68,484,745 ' r
25,304,848
13,646,716,379
+17.5
+25.6
10,862,306,978
tNot included in total.
44,969,384
34,280,438
3,420,150,305
3,639,272,523
104,952,074
85,711,038
35,753,800
2,875,581,920
64,825,683
1,109,140,376
134,902,385
117,961,801
43.1
+
+ 26.7
3,175,426,996
.
+ 34.5
75,786,932
+ 39.6
1,404,730,042
v.
134,751,960
161,759,149
+ 29.2
1
+ 18.5
v
338,960,723
;'v 'i;
■
88,885,633
29,979,890
291,558,783
104,144,564
34.5
69,351,882
75,541,944
'
26,204,211
26,763,943
,
12,523,000
+
j
+ 40.8
"t
+ 29.4
85,386,780
213,613,521
63,182,560
11,439,589,520
265,500,720
7,563,700
+
38.0
7,572,874
6,506,501
5,927,926
+
9.8
4,695,654
321,090,000
+ 19.9
306,000,000
8,858,944
+ 19.1
8,264,863
2,250,803
+ 48.7
2,285,884
5,572,707
2,231,688
+ 19.9
5,188,344,
4,753,605
+ 43.4
263,850,383
79,625,535
m
10,435,278
—10.5
i
122,452,791
+23.5
+ 30.3
13,236,114,425
+ 56.7
344,605,932
125,855,198
85,872,872
+ 46.6
+ 41.0
257,696,220
205,568,782
+ 25.4
385,034,000
10,550,773
3,346,959
*7,000,000
2,311,316,325
+ 21.9
23,909,136,923
21,197,440,909
+ 12.8
651,221,310
47,312,353,639
+ 17.7
511,690,724,187
454,287,146,863
+ 12.6
14,476,157,210
11,696,434,089
22,179,156,091
+ 23.6
238,701,539,634
211,831,760,660
6.111,299,492
4,824,976,241
22,157,470
We give below a
•'« \
"A
'
~ "
*;
+ 15.7
+ 29.8
+ 12,7
5,836,771
;
,
+ 19.9
538,329,484
•
FOREIGN EXCHANGE
y.
'f
W)'
i
•'/;
J
' tt
s
1
,
,
1
tr' % 7.4
v
s
RATES CERTIFIED BY FEDERAL RESERVE
Noon
i
^
K1 / '
v» !
"
Argentina, peso-
$•
$
Free
Eelgian, franc
Brazil, cruzeiro
i
'
v.;- Oct.
$
.
.
.251247*
.251247*
.054053
ir..
■ :
1.000000
1.000000
.960000
Colombia, peso
.570066*
.020060
;
'
.008409
.008409
.008409
.301554
.301567
.957578
United
.208764
4.031562
:v
^
.008409
V;:
.
4.032578
.008409
4.032343 > ;•
.008409
:: .v
.301567
.301567
.205753
.205753
.377893
:-,r*
.205743
V: .377893
• .-
:
1.000000
.958125
•'
■
.
'•
■
Spain, peseta
.233629
Switzerland, franc
-.
•
Controlled
.r
*
♦Nominal rate.
•
•♦Temporarily omitted.
.278214
.233629
■
-
-
;
.091324
.091324
.091324
.278214
.233629
4.005000
.658300*
,
_
Noncontrolled
.091324
.658300*
:562716*
.562716*
i
-
•
•
.658300*
.562716*
1718
.278214
.278214
.233629
'
4.005000
4.005000
.233629
4.005000
Great South Bay
Rys. of Central America—
1st mortgage 5%
bonds due 1972
Lefcourt Realty Corp., prior preferred stock—
Minnesota
Montreal
National
:•
;
J.
1599!
International
.233629
V
1
debentures
.040501
.201612
'
1716
Jan
Detroit Steel Corp., 20-year 6%
Firestone Tire & Rubber Co., 3%
1
.040501
•'
'
1
1
1
7
.040501:.
•
'
,
' *
,
debentures due 1961—Nov
.201612
'.
'
»
Clyde Porcelain Steel Corp., 5M>% conv. bonds due 1960_Nov
Water Co., 1st ref. mtge. 5% bonds—Nov
Hydraulic Press Mfg. Co., 6% conv. preferred stock
Nov
.201612
.
Ref. & Improv. mort.
1
1
.201612
.040501
.'
'
{
3Vi% bonds, series D, due 1996_Nov
Chesapeake & Ohio Ry.—
''
Nov
1st and ref. mtge. 4'/2S due 1961_Nov
.955208
.040501
4.005000
4.005000
Union of South Africa, pound
preferred stock
5%
Corp.,
.
Page
1583
,
3.226000
•
278222
_
Uruguay, peso—
.
176^'
Date
.956458
.278222
.091324
1-
Sweden, krona
r
52824
,
3.225333
.091324
.040501
1.000000
REDEMPTION
.957500
.201612
.201612
-Any tipae
Oct 15
3.225833
3.226000
r-
V
1.000000
1.000000
.958125
3.226000
.'■i
pound
Norway, krone
Portugal, escudo
—U
1.000000
.957500
3.226000
Free
New Zealand,
Co., preferred stock
Aroostook Valley RR.,
.377893
.
Viscose
American
.205743
.
,377893
■
1.000000
1715
v
Company and Issue—
.301567
Newfoundland, dollar—
Official
Products
PARTIAL
—
;
Milk
.208764
• •
,
*
series L 3Vis, due 1970-———Oct 18
.958984
.208764
.301567
.377893
1714
.020060
.208765
.205754
"f
St. Joseph & Grand Island Ry.—
1st mortgage 4% bonds due 1947:
.570066*
4.032578
.205754
1st and gen. mtge.
1.000000
.570066*
Pag®
Central Maine Power Co.—
.959765
.
for mak-»
Date
.1.000000
.020060
.208764
i
V/
,
.
OF TENDER
1.000000
.570066*
4.032500
.377893
Mexico, peso
.054053,
.020060
.208764
—1——
Italy, lira
-
4.032500
Denmark, krone
7
.054053
.054053 7
.570066*
.020060
England, pound sterling.
France (Metropolitan) franc
India (British), rupee
,
;
.020060
.570066*
Czechoslovakia, koruna—
•
1st (closed) mortgage 6y2S——
-———Nov 1
Caribbean Sugar Co., preferred stock—Oct 28
.022807
.022801
;•
:
:
.960312
_
...
..
,
1.000000
.960859
Official
V1
Associated Laundries of Illinois, Inc.—
3.213113"
3.212450
3.212946
.022804
;
'■
Company and Issue—
.297733*
,.022796
:
.054053
>
I*
i
i
-
given in the "Chronicle."
NOTICES
$
:
.297733*
1
.054053
i
'•
list of corporate bonds, notes,
a
were
Oct. 10
7'v
9
.251247*
■
3.213113
.022799
.022802
i—f
-
Ing tenders, and the page number gives the location in
.297733*
.251247*
3.213113
;•
The date indicates the redemption or last date
which the details
U/-
.251247*
,
3.213113
_
$
.297733*
Canada, dollar—
Free
■■
Oct. 8
.297733*
.251247*
•
^
-
preferred and common stocks called for redemption,
Including those called under sinking fund provisions.
' ' Vi
.
TARIFF ACT OF 1930,
.
Oct: 7
Oct. 5
.297733*
-—
_
1a* i
V*, '7 ^
TO TREASURY UNDER
BANK
r
Below will be found
Value in United States Money
Oct. 4
_
4,298,659,303
Notices
different countries of the
Buying Rate for Cable Transfers in New York
Country and Monetary Unit
Australia, pound..
8,643,902,698 M
4,636,892,541
ii
'
.
489,018,591.
10,211,877,016
+ 26.7
r
Redemption Calls and Sinking Fund
OCT.;4, 1946 TO OCT, 10, 1946, INCLUSIVE
Official—
267,553,000
i
519,071,774
23.8
+
the Federal Reserve Bank is now cer¬
Section 522 of the Tariff Act of 1930,
the buying rate for cable transfers in the
record for the week just passed:
vJ
'
{,
3,682,640
+ 26.0
+ 38.2
tifying daily to the Secretary of the Treasury;
\
J,
/
+ 42.6
Foreign Exchange Rales
Pursuant to the requirements of
^
"
•
Y
2,713,723
:
+30.4
66,092,495
39,086,262
+ 26.7
+ 21.2
,
87,682,333
a
+ 16.9
+ 48.2
31,389,981
8,893,341
.
+
3,978,187
.
'+10.4
+ 32.3
11,427,787
21,200,678
■ 6,345,856
1,267,601,941
4,309,780 .'
+ 50.1:
•;
114,924,346
378,580,609
415,874,762
+ 55.3
+ 51.6
'
+ 28.5
i.".
«/ v ; >
.
+ 37,6
1
53,662,000
+ 58.2
96,066,124
6.0
—
■
Y
1,429,621
+ 31.2
•
•
{
285,211,833
294,258,081
+21.3
'
10,230,554
15,341,371
28,917,009
.
55,676,082,669
world.
853^964
?
121,458,000
+ 23.5
27,731,638
,
•
27,407,666,765
;|j
1,073,451
924,214
1~437,914
260,273,314
4.9
+
376,907,632
14,942,896
10,349,260
4,492,000
317,211,286
7,891,579
124,220,383
2,817,349,340
Outside New York
♦Estimated.
'
'
31,246,605
—
(19 cities)-———
7,669,041
+28.2
206,982,431
6,573,368 *
595,499,370
+ 34.5
4,063,663
•
7,106,000 1
401,970,057
10,611,555
173,403,063
43,053,621
15,506,605
19,822,354
34,265,031
16,935,312 ■
28,041,891
8,267,203
1,535,706,978
43,381,861
V ' 13,931,198
——
3,832,487
Francisco—
-
—
2,139,404
£.888,411
5,180,686.686
38,965,741
-86,219,180
29,750,406
+31.5
1,207,719,500
^
5,466,903
Portland
+ 60.1
+ 20.9
157,057,000
+32.0
+19.8
+33.2
+ 34.3
2,785,567
23,744,544
395,363,445
18,458,896
14,810,762
I———;.
548,481,658
722,082,838
+ 32.9
+ 24.4
Y*.
124,017,055
83,087,121
4,754,990,598
431,903,600
87,549,891
+12.7
13,127,000
490,045,109
3,247,295
—>
8,068,351
.
1,588,422,227
Seattle
Utah-^-Ogden
Salt Lake Ctiy
47,173,255
-
'
31,890,337
———— \
Ore:—Eugene-
79,411,426
+
■
k 66,240,035
'
3,709,887
-
Wash-—Bellingham———
Yakima-
3.9
4,410,033
77,191,389
5.7
15,013,672,0p6
.
Total (11 Cities)
325,986
3,971,419
+ 36.8
617,275,140
17,630,910,481
-
La,—Shreveport
San
5,369,892
+ 21.7
——
Falls
Texarkana-.——
Long
+ 39.2
+ 11.7
273,567
251,128
290,222
+ 35.5
+ 34.7
+44.9
1,644,377,127
w
Arthur
Wichita
t
82,357,648
+ 41.2
-
"
~
./•ISKston
Port
85,607,927
+ 43.7
257,454
+ 55.9
+ 37.8
r
""
220,070,516
246,550,668
8,295,888
6,318,724,057
Worth
215,506,073
300,154,374
35,175,258
8,123,610,993
(218,925,608
EL Paso
+ 27.9
+ 29.8
+39.9
+ 38.0
Ft
254,040,252
—15.6
45,493,935
+36.9
+21.6
Galveston
324,£53,066
+ 16.9
9,931,354
38,686,262
14,800,715
9,037,401
•'■
5,5837676
408,465
2,351,156,336
+ 32.2
529,450,228
;
17613,767
4,072,909
54,629,002
.
—
17995,207
5,3737320
370,085
11,502,240
134,003,036
,,
9,705,610
1.9
27,292,929
I
-
_
+ 51.4
+ 40.5
5,518,806
+ 46.5
District—Dallas—.
—
2,676,286
'
—
740,945,286
-
1,546,518
6,079,581
+ 34.1
166,783,670
2,916,632,177
Texas—Austin—20,264,772
Beaumont
10,987,823
Dallas
1~55~0~362
5.541409
"*+17.5
8,420,675
1957983,920
2,000,925,138
Eleventh Federal Reserve
+ 32.1
3,489,744
4^052^091
+ 26.0
8,689,599,248
.
Total (15 cities)-——-
2,102,700
*550,000
7,098,939
361,666,408
Springs..
7
2,778,248
3,276,969,
40.4
+ 64.1 ••
6,351,282
• %
+
+ 25.8
+ 25.7
Pueblo
-
3,952,711
+43.0
63,217,848
5,370,309
268,767,546
4,335,770
Denver—
v/';
5,550,036
+ 22.8
4,767,677
f.v
"*+2774
816,989
17,8007572
79,451,207
..
47,Tl67267
+ 33.0
189,565,371
:
27,404,590
1,651,922
Colo.—Colorado
49,182,222
+33.7
73,503,664
,
1,047,397,619
——.
Carthage
Joseph
"+"l~8~0
*
36,763,583
5,807,894
—
53,079,246
+ 47.3
253,415,842
+
1,129,195,169
21,422,562
Topeka——
Mo.—J oplin——————————
121,639,957
17,889,465
+ 23.8
:
1,116,881
—-
89,780,074
9.0
+ 57.7.
1,798,467
'
62,642,752
.
.
+ 24.5
+35.7
149,421,066
+ 38.4
+ 47.7
8,754,806
22,682,525
379,027,618
Lincoln-——-----,
Kans.—Manhattan--—
155,644,779
+ 23.7
21,861,000
20,139,707
67,483,701
12,148,577
62,432,743
58,440,209
-—
—
137,698,656
27,209,000
.9,191,975
1,283,641
jfcb.--^remont-_---i++~^--.++-+-
4,775,761
149,877,705
6,587,646
234,801,184
+ 24.0
27,321,285
170,378,419
36.8"
+ 57.4
—
;
20,839,079
1,401,474,980
Total (16 cities).
+
2,571,350
8,468,891
12,700,711
*
1,362,375
v
1,243,625
;
,
22.9
+
2,427,000
32,868,128
Lewistown.
4,250,288
+ 29.5
+ 41.9
+ 30.9
2,330,871
0579,311
Falls-
+ 34.5
+ 19.6
4,743,322
217,876,137
S. D.—Aberdeen.
7
1,902,178,194
21,742,554
4,896,591
181,253,137
+ 46.2
2,359,360,537
26,009,046
6,732,629
'
+26.2
24,001,741
775,500
D.—Fargo
St.
>172,102,341
5,868,653,498
35,101,620
2,864,508
Grand Forks-.
Kansas
204,364,492
7,406,760,597
+ 41.8
285,265,160
Paul
+ 18:7
+ 22.5
+ 20.9
2,893,012
>
4,101,701
Winona.._
Great
Inc. or
Dec.
$
•21,220,806
970,579,642
Sioux
1945;
'1946
Inc. or
803,093,853
:•
26,001,186
Minneapolis_.
Fergus
-
Reserve District—Minneapolis-
Federal
Rochester
N.
1945
•
Dec. %
Minn.—Duluth.
St.
Monday, October 14, i946|
CHRONICLE
THE COMMERCIAL & FINANCIAL
.658300*'-' v7562716*
.
■
Power &
Island
Co.,
1st
Corp., 5%
Oct 15
1595
1596
1725
1339
debentures due 1959
debs, due 1960
• '
.658300*
.658300*
National Vulcanized Fibre Co., 4V4%
"
.562716*
.562716*
New England
Lime Co., 3%-6%
Pillsbury Mills, Inc.,
Queen's Hotel Ltd.,
:»•:
Y
t *
t i ~ ;s
1594
*
preferred stock
Nov 15
mtge. sy2S, series A—Nov
1
Nov
1
Light Co., 5%
Power
Container
1719
'
Nov
$4 preferred stock
1st mortgage 5s
*-f-
6
Nov 14
debentures due 1966-—Jan
1
Oct 15
Nov 1
•
*
*'
1637
1334
[Volume 164
,
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4533;v c :/ "
r
-
.
When
Company and Issue— "•
• ../•':! :.Z".
Bpalding (A. G.) & Bros., Inc., 5% debs, due 1989-,.
Date '
Dec
1
14
1638
due 1966—Nov
1
1255
Chemical
Corp., preferred stock—
Windsor Gas Co., Ltd., 1st & ref. 5%
bds.,
.
ENTIRE
ISSUES
Statement of Condition of the 12 Federal
v' Page
iff 1638
--—Oct
.
Sun
Abbott
Page
------Oct 15
1713
mortgage 5s
Mar
1/47 1325
Aluminium, Ltd., 6% preferred stock—
Nov 29
1581
American Ioe Co., 6%
preferred stock
—Nov
1
1582
Austin, Nichols & Co., inc., prior "A" stock--Nov
1
"1199
Bancroft (Joseph) & Sons
Co., 7% preferred stock
Nov
1
1326
Birtman Electric
Co., $7 preferred stock—
—Nov
1 // '' "
*
Eastern
Ry.,
Electric
&
Power
Co..
1st
Convertible
Iron
1st
Missabe &
?nortgage
Puller
3'As,
Range
due
Co., 4%
Northern Ry.—/'
4'/2%
1590
U. S. Govt,
15
—Nov
7
*
15
1717
654
Bills
mortgage 5%%
July 1,'47
51513
15
*
Industrial
bonds,
1977
due
—Nov
refunding mortgage 5s due 1947....—..;
Xowenstein (M.) & Sons, inc.—
Orr Mills preferred stock
preferred stock
Mount Hope Bridge Corp.—'
1
Nov
1329
Any time
Oct 31
1330
premises
6%
gold
<s
15-year income 6%
/
debenture
bonds, series A, due
preferred stock——
Federal
*
:»
>
notes
Reserve
+
24,552,163
.
+
Member
1726
U. S. Treasurer—gen.
Foreign
2022
....
Total
acct.
•
1
796,427
"
.
'
vr
m
1
^Nov
ii,.
.
,
■
i
'
'
10-10
50c
.
•11-25
11-
+ 125,522
dobs,
Scottish
preference
paid
Surplus
—
—
11,867
—
(Section
to
serves
principal
changes for the
$894,000,000 in holdings
of Treasury certificates of indebtedness and
$802,000,000
in United States Government
deposits, reflecting the
partial redemption of a series of maturing certificates
and Treasury calls on war loan
deposits.
877
—340,533
,
■
11-15
Gas
53
+
11,830
130,202
27,428
."
+
263
—.
+
88,269
+
1~718
+
V-
.
(Newark
Electric
&
N.
Light
$1.14 ;
11-
1
$1.25
$2.50
*
12-
Stock
43,227
trial
make
indus-
dividend
loans
by Barnes
Wednesday, Oct. 9:
Shares
|fz| |zg;|
10-16
7,.11-15
10-15
69c
(quar.)
\
11-
15c
11- 1
50 %
_—i
31
4
first
member banks was nominal.
which
Name
&
American
mem¬
Investment
>
5%
reporting
67*
1946
liOans—total
-
Commercial,
Products,
:
brokers
chasing
U. 8.
V
y
.—
66
42,891
+
94
+
or
9,164
—
and
dealers
carrying:
for
—2,922
,
,
-v '786
467
carrying:
V. S. Government obligations
—.1,037
other securities.......—
/• 4is
—113
—
1,424
Loans to banks
Other
loans
127
—
Treasury bills
Treasury certificates
Treasury notes
U.
S.
bonds
2,054
—
679 ;
;
of
indebtedness
(Including guaranteed
i>? 6,547
'/ 4,634
/-A:///-
obligations)
Other
—
—
.
Real estate loans
27,228
securities
Reserve
with
3,543
Federal Reserve Banks
10,242
...
Cash
in vault
;
Balances with domestic banks
576
2,113
.
10,286
Domestic
banks
'
11-
10-15
Pacific
17'/2c
10-10
$1
30
3
+
12
'—
"8
>// 23
+
!/
•4-! ^9:%/
+103
preferred
+
+
.H
73
—
+
+
Common
Brockton
:
.
+*
51
30
37
,
59
—
4'738
-J
—255
+
14
—802
547
California
California
•
'
"»
.
j
Cement
$1.75
$1'
Co.,
Cotton
&
25c
•
—.
■"
.
+ 249
—
—
—
12
:.+
70
-i-
476
-Central
;222
Central
144
;
11- 1
11- I
11-1
11- 1
11-20
11-25
1-2-47
68%o
11-15
Ltd.,
Mills
Investment
11-1
"
10-15 ;
•
32c
$1
t25c
6%
pfd.
Stores
10-
1
10-18
10-18
10-15
10-15
10-15
10-21
1-
4
10-19
10-19
10-31
12-10
11-15
50c
12-14
Corp.—
10-15
$1
—
(initial)—
25c
(accum,).—— >/// $21/
common
Light
10-
1
10-15
$1.25
(s-a)
A
10-
1
12-15
11-15
1-2-47
11-15
Corp.—
31-1
97'Ac
15c
20c
$1.25
$1
10-15
10-25
10-
10-30
10-15
10-30
10-15
11-
5
1
10-18
11-25
11- A
11-
1
10-23
$1.25
75c
25c
11-1
10-15
11-15
10-19
10-31
10-25
25c
10-31
10-25
12-
11- »
40c
,
(Del.)—
of California
(quar.)
—
(quar.)
(quar.)
Ccrp.
—-
$1.10
25c
pfd. B (quar.)
Gas
(quar.)
—
1
10-
7
10-14
10-
7
50c
11-30
11-
1
50c
10-21
10-
5
5%
12-
10-16
50c
11-15.
10-25
15c
.
(quar.)„..
11- 1
12- 2
11-12
11-15
.Utilities, Ltd., 5% .pfd. (quar.)
Louisiana Electric (quar.)—rr->».
10-25
11-.1
.11-15
40c:
''
10- 5.1
10-15
.41-15
t$1.25
10-10
-11- 1
10-28
10-18
10-28
10-18
3 0-28
10-18
10-14
v
90c
$1
.
12-1 ;:11-15/11- 1
(quar.)'
Common
' Extra:
.
—•—
—
from
gains
S.
} 10-15
&
securities sales
preferred
convertible
' 40c
$1.50
;
,50c
'
10-28
10-18
25c
(quar,)./..—
11-1
10-21
;!
—-
(quar.)—.
Inc., common (quar.)_
preferred (initial)
W. Fine Foods,
4%
•'
..
on
20c
87'Ac
7'Ac
6c
$4.50
B
—
10-21
1-
1
12-10
1
10-20
10-31
10-t9
35c
35c
12c!
40c
11-15
10-35
10-15
10- I
25c
40c
10-31
10-19
11-15
10-25
11-
10-lt
1
10-31
10-19
10-25
10-15
10-15
ll"l
12-
2
11-
1
11-
1
10-18
11-
1
10-10
11-15
10-18
12-14
11-30
10-15
10-
11-
1
10-15
11-
1
10-15
10-18
.
convertible -preferred ;.(quar,)—.-,-^
Springfield .Gas Light Co.. (quar.)
Stanley Brock, Ltd., class A (quar.)—
Class
ll'-il
11-
.
San-Nap-Pak Manufacturing Co.-r-Common (irreg.V >—.—-—
*5C
Sanger Brothers (initial) —.————— '
^asc;
Secord
(Laura) -Candy Shops
(quar.)
$20c
Sharp & Dohme, Inc., common (irreg.)
25c
/: $3.50
preference A (quar.).——l—:
87„nC
Slater (N.)
Company, Ltd.
(quar.)— i
/ *30c
Southam Co., Ltd. (quar.)——
—+190
Spiegel, Incorporated—
6
(Del.)—
——
^
,
Ordinary
•
?
Ohio
Light & Power—s
t
3.87c ."preferred .(quar.)-,,---—1
Central Power & Light Co. (Texas)—
A7o preferred
(quar.)
i
for
-
,
(quar.)———.—
Republic Drill & Tool, 6% preferred (quar.).
Republic Investors Fund—
—
Reynolds (R. J.) Tobacco—
',
Common
(quar. interim)
—..—
Class B (quar. interim)—Rockland Light & Power Co. (quar.)
Rumford Chemical Works
/Jl//---.—-
12-31
Storage Co.—
*
Co.
Special
convertible
x
•
Gamble
3'A%
10-10
20c
$1
$5o
&
..
•
t$1.50
■
—.
,
10-16
class A (accum.)".
Fund, Ltd.. (quar.):
"
—
Railway—
4fp/ convertible! preferred
10- 4
11-21
./
& Northern
Reliance Manufacturing Co. (111.)—
Common
(increased
quar.)—.—
.10-14
.
(quar.).—
Co,
Johnson
Distribution
10-15
11- 1
12-15
1-31-47
$$3.50
!
•!'v
10-15
2%%
(increased)-.
•
11-1
10-29
—
(s-a)
Cold
1—
Railway & Light Securities Co.
—»
10-19
10-19
10-31
11-15
11-15
16c
-
Procter
10-10
10-25
10-15
50c
$1.75
.
Canadian
Foreign banks—.
—
9,286
Borrowings
...i
1,304
Debits t« demand deposit accounts except /* 145
interbank
and TJ„ 8.
Gov't
aceounta,'""
/
> during week
16,821
!> 12-27*
10-17
11-15
40c
,
—
(irreg.)
10-31
10-19
$1.50 Z 11-15
12-31
$1.75
common—..i.—.
Co., Ltd.—
American
deposit receipts
registered (interim)
11- 1
10-21
12- 2:fe';ll-15
$1.25
(irreg.)
Light
Gas
Ice
Piedmont
12- 5
200%
praticipating
Canadian
\-
1-7-47
$1.75
25c
$1
Bullock's, Incorporated (Los Angeles)-+ :•
!' 4% preferred (quar.)
Butterfly Hosiery Mills Ltd., common (s-a)_
7% preferred (s-a)
.Cable & Wireless (Holding) Ltd,—
|
? + 1,168
// —4,710
+
&
—..
(Dei.) —
&
Corp.
Phillips Petroleum
9-19
12-20
30c
$1.18%
dividend
Stock
2,378
242
+
37
Limestone
—
631
f:
2
(quar.)
(quar.)
Co. (quar.)_»
Special
Bourjois, Incorporated, $2.75 pref, (quar.) ^
! Broadway Department Store's-—. •/•••'•'•"•/„• •:•'•'•
—3,256
2
com.
9-30
5c
/Pennsylvania
Pinchin
Eoston Woven Hose & Rubber
—4.546
10-14
10c
.
preferred (quar.)„«
/ Boston Fund, Inc. (quar.) —
569
+
lO'/sC
common
Corp.
12- 6
9-30
Pennsylvania Electric, 4.40%
Mortgage Guaranty Co. of
Shoe
10-U
11-19
10-11
Extra.————.
12-20
10-15
10-18
11-19
10-15
Co.,
&
Lighting
11-15
9-30
Company...—$1.25
Peaslee-Gaulbert
10-15
V;
9-30
$3 preferred
Finance
Pacific
10-15
12-31
11-15
10-28
10-10
:
class
Lime
(The)
10-15
1
Extra
4%
51
/.
—103
+
361
+
—
—894
—
.
10-22
12-
141-10
—!
—
(s-a)
Power
12rll
,
10-31
_
Electric Co., common
(quar.)
$7 preferred (quar.)
Booth Fisheries Corp., common (quar.)
118
—
1
10-15
$1
25c
Birtman
361
—
10-22
•
12-16
I
——.
—
Co., Inc.,
preferred
2
11-
11-15
40c
(irreg.)__.__
Best.. & Company......—....fc—.
580
—
30
"-,!•»
4 Outlet.
20c
S.)
4 Calgary Power
39,237
;
U. S. Government deposits.!
Interbank deposits:,
•
Bond &
(A.
5preference
Demand deposits adjusted
deposits
Corporation,
43A%
Liabilities-
Time
1-15
(quar!)
10-25
-
preferred
(quar.)
Northern Engineering Works
Nunn-Bush Shoe, common (quar.)——
5%
preferred
(quar.)——
Okonite Company
(quar.)—
Outboard Merino & Manufacturing (irreg.)_
11-15
10-
9
37 'Ac
$1.25
(increased quar.)
Manufacture
York
'12-16
:•
■
$3.90
11-1
1
10-15
.
non-cum.
Non-assented
12- 2
preferred
—
quarterly
England
1-2-47
(special)
(s-a)
Bessemer
obligations—
New
30c
37'/2c
America
Beck
v
Government
prior
10-19
10-10
(quar.)..
preferred
15c
25c
Bankers
/:
2,946
pur-
Other- securities—
$2
31MiC
(quar.)
Corporation
Associated: Electric Industries, Ltd.—
American' deposit receipts
Othe loans for purchasing or
'
{
~-966 : ■:
15,477
—
(quar.)
common
Ship Building Co
Clayton & Company
Aviation
58,108
...
5%
Argo Oil
Oct. 3,
1945
1946
$2.50
9-18
Archer-Daniels-Midland
industrial, and agricultural
loans
to
(111.)
1-2-47
75c
(quar.)
Casket
preferred
National
10-15
10-18
Extra
Increase (4) or
Decrease (—) Since
Loans
Co.
Light & Traction,
preferred (quar.)
;
American
(In millions of dollars)
and investments—total
10-25
:
Electric
Increased
Payable of Rec.
20c
1
11- 1 !
$1.50 / 11- 1
12-12
40c
:.• *$1 .*
12-12
12-20
AOc
.10-31
$15c
.C—^
quar j
^increased
National Container Corp.
Holders
$1.12'/st
Inc...;
preferred1 (quar.)—
American
-
Share
1
10-16
10-
9-30
Marble,
National
New
When
9-30
11-
10-25
11-30
Oil,
Go—....—
50c /i 11-7.1;:'
10-15.
67c 1st preferred (quar.)—
$1.50
Melville Shoe Corp., new coin, (initial quar.)
11-1
/ „40c
4% ; preferred,/ '"(quar.)$1
11-1
10-31
Michigan Bakeries, Inc., common (irreg.)
55c
11- 1
7%
preferred (quar.)—
———
$1.75
11- 1
$1 non-cum. prior preferred (quar.)._—
25c
Miller As Hart, Inc., com. (initial)
10-31
$2
*, $1"
1-14
pripr preferred ———
31
Miles Shoe, Incorporated, common
10-31
(quar.)_
'20c
10-31
3%%
preferred, (quar.).—..............
$1.18%
/%-$7
are:
/ / ' / 'v
(increased)
Mills,
Anderson
.
Straus
Alabama
•
>
of Company 7
Abraham
in the
Sep. 25,
second table in
Per
1
9-30
11-19
10-
<
previously announced, but
The dividends announced this week
j
American
Assets—
a
preferred
McNeel
*
follow with
we
10-15
■
$$1.75
Ltd.—......—;■ $50c
common,
McColl-Frontenac
.
ber banks.
Xioans
Then
show the dividends
we
A
McGraw
Investment News Department" in the week when
declared.
Borrowings declined $22,000,000 in the Richmond Dis¬
Oct. 2,
'
6%
and
districts* the principal increases/ being $123,000,000 in
New York City, $29,000,000 in the-Kansas City District,
and $27,000,000 in the St. Louis District; the increase
at all reporting member banks was $249,000,000.
A summary of the assets and liabilities. of
member banks follows:
♦
;
10%"
which have not yet been paid.
Further details and rec¬
ord of past' dividend payments in many cases are given
under the company name in our "General Corporation
States Government deposits declined in all districts. De¬
posits credited to domestic banks increased in nearly all
in New York City, $11,000,000
19 Va
are grouped in two separate tables.
In the
bring together all the dividends announced the
we
10-15
10-15
11-
(Del.)—
London Canadian Investment Corp,—
5%
preferred (accum.)
,
!l0s/8
—
10-16
11-20
75c
——
Company (quar.).*
•
Bros., Ltd.' (quar.)—
Telephone & Telegraph Co.
5 %
.60
.
curreht week.
$133,000,000 in
New York City, $68,000,000 in the Chicago District, and
$255,000,000 at all reporting member banks.
United
District* and $70,000,000 at all reporting
per share
—
^10-18
10-15
$1.25
—
Tea
Class B common
•
/$
Dividends
Chicago District; the net change at all reporting
$18,000,000
/
—
30
!
Lincoln
; Class
STOCKS
4
10-18
1,
15c
(quar.)-
St
Lewis
on
DIVIDENDS
bonds declined $24,000,000 each in the Richmond
and San Francisco Districts and increased
$22,000,000 in
Cleveland
Jewel
Delaware County Trust Company
Philadelphia Bourse
Philadelphia Transportation Co., pfd. v.t.c
Philadelphia Transportation Cov common v.t.c
30
-
.
ment
trict,
Knitting Mills, common
preferred A (quar.)
*
Lofland, Philadelphia,
10-
10-15
25c
Kokenge
Kokomo Water Works, 6% preferred (quar.)
Kresge (S. S.) Company .(quar,)-—-———
Extra
i—!
•
^
City National Bank of Philadelphia—
2,113 ]/2
certificates " of indebtedness
.^declined in all districts.
Holdings of Treasury bills in¬
creased $103,000,000, and holdings of
Treasury notes de¬
clined $109,000,000.
Holdings of United States Govern¬
1
&
4
$1
10-31
25c
Machine, com (quar.)
preferred (quar.)_,
Jantzen
Transacted
10-
-
deposit and F. R.
combined-—..
to
11-15
10-15
Hutchins Investing Corp.,. $7 pfd. (accum.)
75c
Idaho Power Co. (increased quar.)
45c
4%
preferred - (quar.)/ ■! $1,
Illinois Zinc Coi (stock dividend) i*—! 100%
Intertype Corporation
■
:
,25c
Irving' (John) Shoe Corp,-—**—*—---—* ^
15o
796,427
+
10-19
i
Stores
-
Auction Sales
Treasury
declined
—338,762
44,415,480
12-16
1
(s-a)
J.)
12-31
(A.
Julian
$154,000,000 was in JfeW York City.
deposits-adjusted
10-18
,
-
convertible
5%
loans in¬
$31,OO0;O0O in New York City, $11,000,000 each
Demand
1
10-17
,
note liabilities
tricts, and $04,000,000 at all reporting member banks.
Loans for purchasing or carrying United States Govern¬
ment and other securities declined
$176,000,000, of which
the
11-
—
697,359
+
358,355
184,352
7)
Commercial^ industrial/ and agricultural
Holdings: of
2
10-31
-
10-25
Corp. (quar.)_
25c
11- 1/
J.) Ltd., common (initial)—
t^'Ac
4Va%; preferred (quar.)
11-1
$$1,12% !
Fyr-Fyter Company, class A (quar.)
10-15
50c
Class B
10-15
(irreg.)
' "
70c
General Outdoor Advertising, common
12-12
25o
11-15
67o preferred (quar.)
:
$1.50
/ General Shoe Corp.
10-31
(quar.)
50c
Georgia RR. & Banking Co. (quar.)
10-15
$1.75
•W/QuarterlyAv—
-**•>•'•«'/• $1.75 1-15-47
Harris (A.)
& Company, 5xh7o pfd. (quar.)
11- 1
$1.37'A
Hastings Manufacturing Co.—* '■<
1,723
—
-.43,757,076
in
Commitments
in the Boston, Chicago* St. Louis, and San Francisco Dis¬
,
10-21
12-
$50c—
Franklin
69,354
349,582
—145,629
12,443
.
Total liabilities & cap. accts.
Ratio
of
gold certificate re¬
week ended Oct. 2: Decreases of
creased
1
10-U
1
f$1.25
_
following
11-
1
Investments, Ltd.—
(accum.)
Insurance
60c
396,768
102,337
—263,797
17,422,077
1,770,393
...
Surplus (Section 13b)
Other tapital accounts
The condition statement of weekly reporting member
fcanks of the Federal Reserve System in 101 leading
the
1
11-
$2
-
10-19
11-
$1.25
(quar.)
10-15
13.-15
87'Ac
,
preferred
Foote Brothers Gear &
52,893
—
Capital Accounts—.
mm
GondHion Statement of Member Banks
shows
8
-
11-
20c
common——i.—
5 "o
Fitchburg
482,644
+ ;
—146,637
—112,647
335,943
...
liabilities
Capital
cities
11-
7
10-31
$1
Williamsport RR. (s-a;
Empire District Electric Co., 5% pfd. (quar.)
Exeter & Hampton Electric
(quar.)—
Fidelity & Deposit Co. of Maryland (quar.)
415,408
+
482,555
—
deposits
Total
?
1768
162.
10-15
10-25
$5.34
Elmira &
1767
^•Announcement in thls~issue: tin Vol. 161. §In Vol.
11-15
Oil Fields
(monthly)
15c
Paper, Ltd.—*
'.
- /
4/ 4'A '/<• convertible preferred (quar.)—
$$1.12'A
Dunlop Tire & Rubber Goods Co,, Ltd.-—,
./ 5%
1st Ipreference (s-a)'i——-4--.*—.
$62'Ac
1,109
+
584,230
availability items
Other liabs., incl. accrued divs.
1638
Corp., 5% convertible debentures-Nov
10-15
11-15
/
'
:
——*;
Dominquez
11,108
.,,755
69,770
+
16,019,349
acct.
Deferred
$2490
1
4
10-15
1
6c
—
preferred-
Donnacona
1763
—Dec
$3
Co. $8
Freiman
Other
52822
July 1, *47
4
2
50c
(s-a)__
—
57c
287,974
—■
Inc.,
Mfg.
Dominion
18
25,565
,
1725
1
11-
12-
■
50c
(s-a)—
Electric—
Firemen's
'•
bank—reserve
»•.
1
Nov
10-
10-
12-23
12'Ac
(quar.)—
Dominion & Anglo Investment
Corp., Ltd.—
5%
preferred
(quar.)—
-
1
*
1
'.".2,."
+
/
40,701
—Nov
Viceroy Mfg. Co., Ltd., 1st mortgage bonds-.
,
■"
—355,162
■
&
Water,
Dennison
186,254
+
r—44,415,480. ': ' —338,762 !,;
Liabilities—
Light Co.—
.
'
due 1998-Jan
bonds
10-15
10-15
.
Deposits:
bonds, series B, duel947——.Anytime
Trane Co., 6'7c
United States Radiator
+
!
3,955
—
.-32,696
.
——
total Assets
1724
2
12-10
11-15
.10-15 :
25c
(quar.)
preferred/(quar.)
Davenport
230,142
■.—
121,215
2,044,066
—
500
—
92
banks—.
items
assets
1722
securities
of other
1595
—Dec
l
—
due 1969—.
Southern Ry., 1st mtge.
4'/as, ser. A,
New
York Utilities, Inc.—
1st lien >&: ref. 6%
and
foreign banks
notes
Bank
'
-
mortgage income bonds
Texas Power
loans
from
Other
.
—Oct 15
Northern
Richmond Cedar Works,
23,774,286
+
52,148
—
Gas
Press,
3'/27o
222,102
—
'*
—
Merrimac Hat Corp.,
2nd
755,290
Uncollected
.
Norfolk
Cuneo
—1,265,050
673,100
Total
F. R.
Acceptance
convertible
1st and
...—
Continental
262,840
+
23,502,380
Due
series A
12-31
4c
-
Oil
Company,
7
10-22
60c
——
Consumers
12-
10-10
10-20
II-15
—
Quarterly
:
+1,454,454
7,517,001
—
Total U. S. Govt, securities
.
Gas
Royalty
11-16
25c
$1.50
Consolidated Water Power & Paper Co.—
vv,
■
series E,
Corp., Ltd.—
15-year notes, duo 1952
International Paper Co.—
5% convertible1 preferred ^stock-i--i*i---i.i«iA4%
Natural
11-16
12-10
12-10
I-2-47
50c
87'Ac
(quar.)—--*
(quar.)<quar.)_
(quar.)
Corp.
——•
Consolidated
128
+
52,148
—
14,556,989
Consolidated
//; Extra.
■
1,620
—
1,308
—
.......
Notes;
1720
-
Gypsum, Lime & Alabastine, Canada, Ltd.—
1st
securities:
—
10
—
128
+
52,966
+
1,080
••'Hr''.
.1.i-i.
purchased
7,348
—
Dearborn
10-19
12'/2c
common
Consolidated
;//! 1328
1
•;
loans
Co.,
1
$1.12'/2
International Corp.
Electric
10-18
11-
—
Bonds
1
Concord
255,574
53,295
42,396
4-
27,446
+
270,698
advances
Certificates
Ry.—
Nov
mtge. gold bonds,
gen.
Acceptances
convertible preferred stock_Nov
(George A.)
Great
Industrial
Nov
1962
./
and
1590
—Nov
Commonwealth
225,859
.
1
(initial)_12'/2c
new com.
(quar.).
//6%/ preferred (quar.)»—
Consolidated Biscuit Co.
(quar,)*
18,122,460
279,964
gold ctf, reserves——
-Nov IS
.........-'.-.Dec ' 1
Co., 1st mtge. 6s
Duluth,
—
+
11-
35c
—
preferred
Holders
Payable of Rec.
50c
(Mass.)—-■
Bottling (St. Louis)
Colgatc-Palmolive-Peet Co. com.
//Z$3.50 preferred (quar.)
R.
F.
for
Other! cash
1590
Oct
preferred stock, 6% series-—Cumulative 67c preferred
stock, series A
Consumers Co. (Del.), $3 preferred stock
Crown Drug
Co., 7% preferred stock
Dierks Investment
Total
16
stock
Cumulative
fund
28,247
+
;V
:
Coca-Cola
10,
1945
780,036
Discounts
cumulative
17,342,424
.......
notes
1590
Corp.—
preference
5 %
due
Oct.
1946
"
Redemption
52142
debs. duo. 1959--——Oct 25
Central Soya Co.,
Inc., 3ft %
Columbia Gas & Electric
1951—Any time
5s
mtge.
'
/.V'$4.50
-) Since
Oct. 2,
1946
Assets
Gold certificates
-
Butte
Extra
Oct. 9,
1st
Copper
—
Inc. (+) or Dec.
Laboratories, 4% preferred stock—.
Algoma
Store Real Estate Trust
Pasco
H Quarterly
Champion Paper & Fibre,
(In thousands of dollars)
Date
Share
de
Chain
CALLED
,
l':?*
Cerro
Reserve Banks Combined
■
Cqmpanyand Issue—
.Name of Company
^1.12 A
-WJS®
$15c
+10c
4
Monday, October 14, 1946
[THE COMMERCIAL & FINANCIAL CHRONICLE
Per
Name of Company
Stowell Screw Co.,
Wells
Struthers
\
-
Ltd., class A__>-—
$1.25 pfd. (quar.)—-
shares
Sub
.
V
*'
>
of
10-19
Babcock
;10-19
Baldwin
Company,
1
10-19
Baldwin
Rubber
10-15
10-16
•87%c
•
11-4
11-15
10-31
:.fv
"Wilsil,
(Wm.),
11-
1
11-
1
7'/2c
11-
1
10-15
$3
11-
1
11-
1
10-19
1-
2
12- 1
12-16
12-31
11-15
11-
10-15
$1.25
_
(monthly)
12-
40c
25c
common
1
1
2
11-
9
11-
1
10-19
12-
2
12-20
25C
•
11-20
1-2-47
2-1-47
1-20
*37y2C
10-31
371/2C
1-31-47
1-21
;
convertible
preferred
(quar.)_
convertible
preferred
(quar.)
7-31
41-1
ii-1
Coon
'Corn
1-2-47
12-10
(quar.)_———
10-
7%
preferred
British
6%
9
give the dividends announced In previous
(accum.)
preferred (quar.)—
County Trust Co
Stock dividend
1st
Abbott Laboratories,
4% .preferred
Aluminum Alloys, -Inc.—
Acme
convertible
$1.10
Aircraft
Aeronca
Extra
4%
convertible
preferred
convertible
preferred
(quar.)
-—
:
■
Shoe Stores (quar.)_.
Air Investors, Inc., $2 non-cum. conv. pfd._
■
-
Reduction
Co., Inc. (quar.)
All Penn Oil & Gas (quar.)
Allied
Storea Corp.;
Aluminum
Co.
4% preferred (quar.)—
Canada, Ltd.
of
Petroleum
Corp.-
Alliance Insurance
American
Asphalt Roof
American
Can
Crown
9-16
Crown
Co.
Fidelity
Co.
&
Fire
Canada
Northern
12-1
(increased)
7%
7%
preferred
Mill.
10-21
10-15
10-
12-14
11-30
10-15
9-30
(quar.)
33
11-
preferred
Anierican
5%
Stove
$1.12%
4V2 %
Thermos
12-
2
10-
t
9-38
10-
2
9-20
11- 4
12- 6
9-16
-—
—
Corp.
prior
6%
prior
preferred
10-18
9-30
10-15
9-13
11- t
10-19
1-2-47
12-20
11- 1
11- 1
10-15
25c
10-21
10-11
$1.25
11- 1
10-11
50c:
<
—
—.
preferred
11- I
$1.50 1-31-47
Associated
—.
756 %c
-
!
$1.12%
1
Products
.12-14
10-15
10-
5
3c
10-15
10-
(quar.)—
_
5%
preferred
Atlantic Refining Co.—
convertible
3.60%
Atlas
Atlas
B
4%
(quar.)
each
of
15
5%
(initial
;
held
•10-25
11-
50c
.
non-cuiyulative preferred
9-
7
9-30
10-31
5%
*40-31
5%
(increased
Oilcloth
Dominion
9-20
10-15
1
1
3
Chemical
Dow
10-31
j 10- X
$25c
11-
$25c
11- 1
$$1.75
10-15
—
Ltd.
:>:
•
10-15
5%
(increased
Cincinnati
preferred
quar.)
&
St.
12%c
1
10c
10-15
5%
Y143;
10-23
10-30
10-15
35c
11-15
10-15
;ii-i5
$1.75
11- 1
10-'4
11- J
30- 4
11- 1
>
10-18
11-
10-16
1
8%
11-
>
11- 1
.common.—.
(s-a)
10-17
,
11-
1"
11-
1
pfd.
43c
&■ 11- 1
•1112-
1
15c
1
10-15-.
,.10-22
25c
10-22
10c
v
11-15
$4
11-4
f"
Compo Shoe Machinery (stock dividend).:
Concord Gas Co. (New Haven)— 7% preferred (accum.).
Products
(initial).
11-
1
10-15
10-15
9-16
30c
■
—.
10-18
L10-15
9-30
1
10- 4
15C
10-25
10-10
10-15
9-30
10-15
9-30
37%c
10-31
10-21
,
$1.06%
10-31
10-21
10-15
10-10
pfd.
IOC
$1.50
(quar.)
50C
75c
$1
10-
10r21
$3.50
2
10-26
20c
10-28
400
10-28
,
—
«
-10c
7c
5:.,'
41-20
'
,
9-30
$2.20
Fuller
11-15
10-15
10-15
10-10
11-
1
10-18
9-30
$8
A
(s-a).
Ltd. (quar;)—
preferred
(George A.)
10-15
:9-30.
$1,25
11-1
10-15
$50c
10-25
12 %C
10-31
10-15
10-31
10-15
10-31
10-15
Malting, common (quar.)
12-15
12-10
10-15
9-30
General
55c
33 %c
12 %C
5%
General
Class
B
General
Electric
10-15
10-
4
10-18
9-23
10-18
9-23
stock.
15c
11-
1
10-18
•40c
10-15
40c
10-25
5c
10-15
10.-
1
;91c
11-25
1U
9
25c
(irreg.)
(quar.)—.
(initial)
com;
1
9-27
5%
preferred series C
preferred A (s-a)
10-25
10-10
6%
preferred B (s-a)
4%
1
10-21
11-25
11-
9
30c
11-25
11- 9
Co
Finance Corp.
1
5c
Payable in cash or I. G. Chem.
Baking Co.
General
11^
50c
(reduced)
Capital Corp.
11-
9-30
•25C
Co.
General
$1
(quar.)
Co. 4% conv. pfd
conv. pfd. (quar.)
;
(quar.)
Aniline & Film, Class A (reduced)->
Gabriel Company,
10-31
10-15
10-21
10-10
$35c
(quar.)—
•
10-15
11-
9-30
10-15
10-15
4
10-16 y
.10-17
;"7%c
Co.,
1
11- 1
10-
1
10-25
7c
Telegraph. Co.
Franklin
11-15
37%0
10-14
:11-
12- I
Four Twelve West 6th Co..—
11-
$1
.
17 %C'
Kleiser—_—»—X
&
Gardner-Denver
25c
11- %
.11-16
$1.50
V9-30
10-
100%
•9-16
11-30
50c
1.
Co
Brewing Co.
Fort Pitt
Froedtert Grain &
.,40-19
11-
10-15
11-15
25c
:
.Foundation Co. of Canada
■
10-15
35c.
0,
5
10c
.
Foster
Y.—
-y
:
•
9-30
9-20
—
•
common
10-
50c
(San Fran.) (quar.)—
& Rubber (increased)
Stores, 7% preferred (quar.) —
First Mutual Trust Fund Shares
,
(Toronto)—
(quar.)
1
$1.75
prior
(Wm.)
$$1.50
com.
11-15
11-
(quar.)_
^v^Fieirtng-Hall Tobacco «Co., Inc.— • 6%
preferred
(quar.)—
11-1
Florida Portland Cement—•"
10- I <■',
,-7% partic. preferred (accum..)..
10-15-<\
Florsheim Shoe Co.; class A (extra)
10-15
/:.■ Class B -(extra)
...—
$5c
(quar.)
10-17
1
$25c
—
.
JO- 5
12-
30c
(quar.)
Sons
Fireman's Fund Ins.
1
10-19
r
1
10^' S •:
10-16
v-
10-31
7,
40-,5..^ A
11-15 A
11-15
11-
10-15
25c
of America
preferred (quar.)
Cap & Set Screw
Filene's
10;
,9-30
$1.25
Corp.
Brewing
Fibreboard
7
10- 7
10-15
$1.75
8-30?
10-15
.11-20
10%
Fitzslmmons
«,
;/
v10-15
10-15
25c
$3.50
preferred (quar.)
———-—Department Stores—
New common (quar.)-:.
4%% new convertible preferred (quar.)_
Fenton United Cleaning & Dyeing Co.—
1
$10c
common
Consolidated Car Heating Co.. Inc. (quar.)
Consolidated
Chemical
Industries,
Inc.—
9-17
10-15
25c
Firestone Tire
$$1.25
(quar.)
Edison Co. of N.
Share
Inc., common
10- 9
fi: 43C
preferred '(quar.).^
$5 preferred (quar.)
Consolidated Grocers Corp.,
25c
$1.12%
(quar.)
common..(initial)—
-
Common
Fraser
—
Consolidated
&
Insurance Co.
10-10
,85C
Confederation Life Association
\
;
3-20
Co.,
10-17
;$1.50
10-21
,
RR.
40-31
$1.50
10-15
A-
4-1-47
10-
Bond
50c
425c
Enterprises, Ltd.— ••...*
preferred (quar.)
partic. pref. Class A
12-2Q
25c
10-7
7%
11-1
2
I-1-47
1
Ferry
10-
12-
12-16
25c
6%
'
...
new
y 10-10
$1.50
(quar.)-
1
12-20
1
25C
Co.
12- 9
1
11-
$4
11-
2-7-47
11-
$2.50
i
Edison
12-21
9-U
Federated
Ry.—
(s-a)
Alcohols, Ltd.,
io4i"
II-
1-2-47
$3
'30c
-
Commonwealth
t
11- 4'
.''iid-A'Sf
$1.05
$1.75 2-15-47
preferred series A (final).—.
convertible preferred (final)—.
Commercial
10-15
$1
$1.25
Gas &
Electric,,
preferred .'(final)
10-25
87 %c
v
9-30
$2
30a:
Louis
10-
10-15
$1.25
(quar.)
Fedders-Quigan (increased quar.)
Federal Services Finance Corp. (Wash, D. C.)—
1
11-
V
$1.12%
$1.50
preferred (quar.)
$1 preferred
Falstaff
10-11*
1
10-15
1
10-18
Ry. Co.—
Extra
10-15
11-15
5c
11-
20C
Racing Assn.,
Eversharp,
11-
40c
10- 7
10-15
$1
17c
•2%
(quar.)—
12-11
IX- 4
56'Ac
_i.
•
Extra
10-15
10-1
—
1st
Excess
(quar.)
Co., Ltd.
1
1
10-15
(quar.)
Group Associates (quar.)
$5 preferred A (quar.)
Esmond Mills, Ltd., 5% pfd. (quar.)
Eureka Pipe Line
(quar,) ——————-f-
1;
„
10- 1
1111-
75c
preferred series B (accum.)
Erie
Investment Corp.—
Cockshutt Plow
5%
1
9-20
1-1-47
I
9-18
10-15
(quar.) —
Electrographic Corp. (stock dividend)Emerson Radio & Phonograph Corp. (quar.)
'
$1.12%
(quar.)
10'
1
$20c
$4.20 pfd.
10-15
10-15
I
Magnesia Talc Co., Inc.—
Electric
11-15
Collins
Company, (quar.)
ColoniaL Mills...(quar.)
1
10-
If
I
10-
1
450c
———-—-—
common
preferred (quar.)
El Dorado Oil Works
8
10-25
5%
Cleveland-Sandusky Brewing
(initial).
Clinton Water Works, 7%. preferred (quaT.)
Coast Breweries, Ltd.. (guar.) .^...
Extra
11-
11-
$20c
v.
4%%
9-30
11-30
(stock dividend
9-30
12-31
(quar.)
com.
Ltd.-.
Co.,
Ekco Products Co., new
9
25c
preferred (guar.)_
Chase Candy Co., new common (initial)
Chase National Bank (N, Y.) (quar.)-;i
Chasers, Inc. (quar;)
Chemical Fund,, Inc.
Chicago Allerton Hotel
Cincinnati Gas & Electrio, com. (initial)
City of Paris Dry Goods—
1%
1st preferred < gnar.V
7%
1st preferred (quar.)
1% 2nd preferred
City Stores Co., common (increased quar.)
A
10-
10-15
40C
conv.
Class
!•>
10-10
1
12-
12-31
-
1
10-
preferred (quar.)
Eastern Township Telephone
.
9-30
10-15
10-25
85c
9-30
1
10-31
6%
9
33'/3 %
prior pref.
4%%
$1
,
9
Combined
4
.
1
10-
$1.19
11-
2-1-47
Corporation
Eastern
9
10-
(initial)
dividend
Columbian. National Life Insurance Co.
$1
/-■•y
10-
10-31
11-
11-
2-1-47
$$1.25
•:
9-2$
9-2t
10-15
$25c
Quarterly
9-30
10-31
13c
10-15
1
10-15
$30c
Eastern Massachusetts Street
10-21
25C
35c
11-
$25c
Employers
10-
30c
$35
C
1
Products—
Steel
10-11
$$1.37%
stock
l
10-31'
37 %c
10-15
25C
6%
(increased quar.)
11- 1
Pont
,
Kansas
Store
du
10-10
l;
10-15
250
9-3$
10-15
$$1.25
$4 preferred A (quar;)—
Metals & Supply
10-10 ;
11-
9"2t?f
1
(quar.)
(quar.)
(quar.).
(quar.)
(increased s-a)_
Chemical
certificates
Industries.
Dover
7
10-21
$1
Conde Nast Publications
preferred
common
10-
11-
50c
preferred (quar.)
10-26
1
10-15
$35C
&
*
i?
9-30
11-
$37%c
(quar.)-
Eastern
50c
11-
8
9-2.7
10-31
$44c
$4.50
$1.25
10-
11-
$20c
Duplan
10-15
Ry. (quar.)__
com. (initial).
10-15
$75c
Linoleum
&
Paper Co.,
Donnacona
B
9-13
Light Co.,
10-10
10-25
$75c
(quar.)—-
9
1
11-
31 %c
7%. pfd.
Dominion Woolens & Worsteds,'Ltd.
10-10
40-
11-1
(quar.)
10-
10-30
(increased quar.)
Ducommun
$10c
10-10
10-16
$27 %c
quar.)
Dominion Textile Co.. Ltd.,
10-10
40-31
Tar
trust
Voting
9-20
9-20
$$1.75
2-7
10-19
$10c
10-15
11-
3-1-47
11-15
preferred (quar.)—
preferred
(quar.)——;
Dominion
10-10
1
11-
'10-10
15c
(quar.)_
preferred
Dominion Malting, common
Common
10- 5
10-21
10-31
1st
7%
-is.
9-30
m 9-30
5
10-15
10-15
(quar.)
com.
preference (quar.)
2nd preference (quar.)
Dominion Glass Co., common
10-15
10-25
$37 %c
Ltd.
Fabrics,
Dominion
6%
10-
10-15
8c
—
9-30
Quarterly
of
7
10-15
11-15
9-30
10-21
$50c
quar.)
convertible
11-
11- 1
r- 9-30
11- 1
90c
-
quar.)_
preference
shares
12-2
10-31
'9-19
$1
-
-
share
87%c
10-12
10-10
10-25
15C
11-
5%
(quar.)
$5 class A (payment clears all arrears)
Autocar Company (stock dividend)—
for
7
10-15
10-15
Austin Nichols & Co.—
One
11-
10-15
11- 1
$2.50
Wiborg Proprietary, Ltd.—
5%%
preference
(quar.)
prior
2
$$1.25
$183Ac
10-14
..
Ault &
Convertible
(quar.)
$1
•
(quar.)
preferred
(Increased
12-
Manufacturing (Ind.)
(quar.)
Dome Mines, Ltd. (reduced)
Domestic Industries, 5% preferred (quar.)
Dominion Coal Co., Ltd., 6%
pfd. (accum.)
Dominion Dairies, Ltd.—
40-12
9-27
25C
Company, common
Stores
(quar.)
Dodge
5%
11-14
t$1.25
7
$1.75 ;
32c
1
10-15
$4
11-
U-
4;
12-
$1
2
10-15
.10-
10-31
Co.—
12-
40-30
10-10
75C
(quar.)
Company
Match
11-15
4%%
a
A
1
7
40- 5
25c
$15c
Chain
-
(s-a)
preferred
preferred
Powder,
Steels, Ltd.
;
1010-
1
-
25c
pfd. (quar.)«
Coast Line RR.—<=•"•
10-15
10-21
20C
Eastern
6%
—
non-cum.
4%
5%
$22%c.
r_;
4%
1*
10-1$
75c
participating preferred (s-a)
Dickey (W. S.) Clay Mfg. Co. (initial)
Discount Corp. of New York—
Distillers-Seagrams, Ltd.—
5%
preferred (quar.)
Dividend
Shares,
Inc
-
Columbia
Industries, Ltd.
Co.,
10-
11-
Certain-teed Products—
1
—
Vilbiss
Diamond
10-17
1
10-15c
10-25
25C
11-25
Central Paper Co.
10- 4
12-23
$1
•Atlantic City Electric
Atlantic
11-
$3
preferred (s-a)—
Ordinary (interim)
Associated Telephone Co., Ltd.—
4%%
preferred (quar.)_.
Athey
11-
10-25
10-25
50c
(quar.)
12-15
common
10-14
10c
20c
20c
Michigan Stove
$15c
Ohio
10,4
Extra
(quar.).
Corp., 4%
10-15
50C
B
Stock
,
933Ac
(quar.)
11-25
&
10-1
Detroit Gasket & Manufacturing
10-15
1
9-30
10-15
Co
12-15
Central
i.
(quar.)
Electric
Edison
$1SC
Cleveland
1-21
Pipe
Briar
11-
10-5
10-21
10-15
25c
30C
Union Stock Yards Co.
Cup
Power, 43A% pfd. (quar.).
Central New York Power, 3.40% pfd. (quar.)
Central Ohio Light & Power
(quar.)
10-23
(quar.)_
Mills
1
12-14
25C
Denver
9-30
;
$1.12%
Light
(quar.)
Central
10- 5
$1.50
-
10-
10-15
12%c
J
(quar.)
(quar.)
Arcade Cotton Mills, 6%
Art-Craft
10-15
30c
...
Anglo-Canadian Telephone—
4% % preferred (initial quar.)^—
4%%
10-15
:$1.25
Appalachian Electric Power—
Arlington
2
50c
53 VaC
(quar.)
& Smelting Co.—
preferred (quar.)
preferred
10- 2
1
11- 4
(quar.)——
Anchor Hocking Glass, common—
Anchor Post Products. Inc.—
-,
6%
10-15
10-
$2.25
(quar.)
American Zinc Lead
prior
9-30
&
Power
Home
preferred (quar.f
Central Aguirre Associates (quar.)
Central Hudson Gas & Electric, common
Central Investment Corp.
(increased).
10- 4
10-15
Anaconda Wire & Cable—
•$5 conv.
,
11-
10-31
10-15
$1.25
J.
(quar.)
*
11-30
12%c
68%c
30c
(quar.)
Viscose
preferred
5%
Delaware
Dixie
5%
9-14
10-15
;
$1.75
—
Bottle, .common
preferred
American
15c
50c
.
(irreg.)
com.
Telegraph
10-11
Dixie
'
k 9-20
10-15
(Abilene, Kansas)—
&
9-20
A
New
25c
(quar.)__
American Telephone
American
9-20
$15c
Celotex Corp., common
10-15
(bi-monthly)
(quatf.)
preferred
«■
$15c
Carrier
12- 2
1-2-47
12-16 *
10-15
10-15
9-30
11-15
12-16
—
(s-a)
American Telephone Co.
10-10
2
10- 2
12-24
25C
Drug Stores (quar.)
Candy Co., $4.50 partic. pfd. (quar.)
(initial)
33A% preferred A (initial quar.)
(Formerly Spicer Mig. Corp.)
Davidson Brothers, Inc.
(irreg.)
Dayton Rubber Manufacturing Co.. common
$2 class A
(quar.)
Deere & Company—-—
,L
7
Carpenter Paper Co.—
4% preferred (quar.)
5
10c
—.
2
10-
1
10-15
Dana Corporation, new common
$$1.50
10-14*
11-1
10-15
common
<5%%
(s-a)—
Curtiss
(quar.)
10-14
1
97%c
25c
$1.75
25c
$1.75
(auar.)—
10-
Y0-17
;
200%
$1.50
American States Utilities Corp.,
Corporation
11-
10-
1
Cunningham
9-26
10- $
11-
$1.12%
(quar.)
10-15
9-30
12-17
10-15
10%
dividend
10-15
10-25
12-31
$1
preferred
10i"l;
10-15
$2
30c
(quar.)
common
11-
|15c
Carolina Clinchfield & Ohio
Co.,
common
Safety Razor—
(initial quar.)
American Seal-Kap Corp.
American Smelting & Refining
7% preferred (quar.)
—
4%%
10-10 *
12- 5
11-15
30c
Corporation (stock dividend)
(E. I.) de Nemours & Co.—
preferred (quar.)
Duquesne Light, 5% 1st preferred (quar.)-
Carolina Power
11-15
2
11-15
12-16
common
Co.,
Cudahy Packing
Special
V*
Investments, Ltd. (quar.)
(initial)
Canadian Oil Cos., Ltd.
5
12-
10c
(quar.)_—w—,—_•
10- a
$50c
7%
preferred (quar.)
'Canadian Investors Corp. (quar.)
Canadian Motor & Lamp Co., Ltd.—
10-24*
10-21
10-30
433Ac
10-21
Canadian Industries, Ltd., new com.
American
New
.-
(quar.)
General
9-25
11-15
$50c
Class
11-15
10-31
10-31
250
pfd.
preferred
Forster,
10-16
$$1.75
common
10-15
(increased).
11-15
(s-a)
Canadian
50c
.
Building
4%%
(s-a)
9-30
10-15
(quar.).;—
American Rollins;
Culver
40-15
,
12c
(quar.)
Seal,
10-31
r
10- 4
10- 4
$$1.25
(quar.)
Ltd.
&
Corp., Ltd.—
9-20
50c
—
common
10-15
1
10-18
10-25
10-15
$1.31%
(quar.)—
preferred
A
::i2- 2
^
10-15
$1.25
preferred
preferred (quar.)_:
American News,
11-
10-31
1
$1.75
Class
(stock dividend)—
Maize-Products,
preferred (quar.)—
10-21
1
11-
65c
(quar.).—
40c
:90c
25c
(quar.)—
10-15
10-15
75c
-v
i,
cum.
3.90%
Bronze, Ltd.,
10-10
1
60c
(quar.)
preferred
Stock
25%
—
11-15
25c
20c
25c
$1,12%
American
10-15
8%
-
v
5%
10-15
&
9-30
11-1
.,50c
Canadian Converters, class A (quar.)
Canadian Fairbanks-Morse, 6% pfd.
10-31
,
6%
Canadian
10-30
Cork
Crum
% 9-30
10-25
$$1.50
;
Ltd.
12-15
11-
;
$1
87'Ac
(quar.)
preferred (quar.)
Steamship Lines,
7%
11-29
—1_—.—30c
American Ice Co., common (resumed)—
50c
:' 6% non-cum. preferred—
$1.50
Common
Power
1-2-47
6%
Associates
Insurance
4
25c
Drug Company, common
convertible
preferred--
Detroit
Common
9-25
(N. J.)-
Mart
10-10
10-15
10-15
f
10-10
10-21
(accum.)—
preferred
Home Products
10-15
'50c
common
10-20
—
10-31
2
4
11-
(N. Y.) —
Refilling, common
preferred
7%
-
(quar.)
Furniture
$6
-Inc.,
Camden
(quar.)
(quar.)
(Montpelier)
Hoe,
preferred
American
10- 8
10-8
(quar<)
American District Telegraph
5%
preferred
American
10-15
10-25
50c
-
Fork
9-25
12-
5%
10-21
Mills, Ltd.—
11-1
$1.50
1st preferred
(quar.)
$37c
80c
2nd
preferred ,(quar.)
$20c •>'411- 1
10-15
Calgary & Edmonton Corp., Ltd. (s-a)_$5c
California Electric Power, $3 pfd. (quar.)
11-4
75c
10-15
'California-Oregon Power, 7% pfd. (quar.)—
$1.75
6%
10-15
preferred (quar.)
!—
,..$1.50
10-15
6% preferred 1927 Series (quar.)—
$1.50
California Packing Corp., common (quar.)—
11-15
37%c
11-15
;
(8% preferred (quar.)—-.i—■■
62%c
9-25
series
$5.25
Linen
10-25
11-
11-20
$1.13
(quar.)
pfd.
—
preferred
10-19
933Ac
3%% conv. 2nd preferred (quar,).
Byers (A. M.) Company, 7% pfd. (quar.)
•(Burry Biscuit, $1.25 preferred (quar.)——_
10-21
Co.
Corp.
Distilling; Co.
>/2 %
10-15
1-15-47
t25c
$$1.50
Bxtra
4
1
(quar.)
(quar.)
*
American
American
11-
2-1-47
Co.
American Box Board
American
11-15
(quar.)
American
-
2
1
11-20
Corporated Investors, class A
Corrugated Paper Box Co., Ltd.—
10-15
10-31
4'A%
Co.,
Detroit
(quar.)_
preferred (quar.)
Caldwell
11-
50c
25c
•Canada
preferred (quar.).:
Aluminium, Ltd., 6%
preferred
-
10-12
12-
■
4%
Amerada
*
11- t
,
4
10-30
60c
preferred
25c
2%c
Special "J
vAgnew-Surpass
■
1
11-
7%
10-19
———
75c :
$45c
" 50c
Affiliated Fund
Air
10-15
20c
13%c
13%c
2%c
.
(quar.)
55c
of Ree,
27%c
common-—
55c
BoUen
Payable
$1
(final)—
(quar.)
preferred
Corp.,
irne*
Share
10-
2
12-
$$1-75
Union Gas (quar.)—.
Shoe Company, $3.60 pfd.
■(Brown
preceding table.
Company
,10-15
10-19
16c
11- 1
50%
9-27
$5
10-15
12%c
10-15
32%c
t$l h 12- 2
10-15
40c
——
11- 1
11-15
Cornell-Dubilier Electric—
Columbia Telephone Co.—
3%%
Name of
10-15
De
*;Burlington Mills Corp. (quar.)
weeks and not yet paid.
The list does not include divi¬
dends announced this week, these being given in th«
;F«r
10-"l
<11-1
1
$40c
9-30
42- 2
Company—
Products
Corn
1
(Bronx
; :
we
1
10-21
Gin
B.)
Quarterly
10-15
(quar.)
A
10-15
50c
Corp. of America (quar.)
(W.
11-
.
'15c
pfd. (quar.)
(initial s-a)
Exchange Bank & Trust Co.
All-
'(Brooklyn
Below
11-
Holders
50c
6%
pfd.
Aircraft-
Vultee
Continental
9-30
10-15
British Columbia Pulp & Paper—
10-15
6C
10-11
10-22
(quar.)tlOo
.—
$25c
56'Ac
Personal
Class
:A7-21
50c
preferred (quar.)
Gas (quar.)
Yuba Consolidated; Gold Fields :4(Quar.)iii»i»^
10-31
Textile Mills,
Extra
15c
$1
Property Trust (quar.)
(stock dividend)-.—
Boylston Market Association
Brantford Cordage Co., common (quar.)
$1.30-Jst preferred (quar.)
:Brazilian Traction Light & Power, Ltd. (s-a)
Bridgeport Hydraulic Co. (quar.)
Bristol-Myers Corp.—
33A%
participating preference (quar.) —
British Columbia Power Corp., Ltd.
4-19
37'/2c 4-30-47
37 %C
convertible
County
Container
10-15
75c
Bower Rolling Bearing
10-21
_
(quar.)—
.10-15
1
$1.50
t$2
——
25'C
1
Ribbon
-Boston
w
10-15
25C
-
6%
11-
15c
11•11-
10-15
(quar.)
Hats,
Boston Edison Company
11-18
$50c
$$2.50
—
Consolidated
Corp., Ltd.—
preferred (quar.)-i.—t62%c
Blum (Philip)
Company (initial)—
200
Bon Ami Co., class A (quar.)$1
Class
B
(q;uar.)
———62V2O
Borg (George W.) Corp. (quar.)—20c
10-18
$1.25
(quar.)--——
(monthly)'
(monthly)
Common (monthly)'
Yellow Cab Company—
; 6%
convertible preferred
6%
Blue
10- 4
—
(quar.)
Water
Consolidated
12-15
5%
10-15
$1.25
Common
York
10-15
•
Saco
&
Ltd., common
Class
A
(quar.)
Bloomingdale
Brothers,
Inc.-
10-15
Common
6%
Biddeford
Consolidated Royalties, Inc.,
11-15
$49.31
30c
25c
5c
t25c
35c
(quar.)
preferred
Biltmore
10-15
>
50c
(initial)
common
1st
10-15
1
83/4c
'Bell Telephone of Canada (quar.)
Berland Shoe Stores (quar.)
10-15
1
53c
,»
;
Co.
Jr.,
10-31
11-
58 %c
5%
non-cum.
preferred (s-a)
'Wisconsin Public Service, 5 % pfd.
Common (quar.)
i—
Wrigley
10-15
Co.—£..y
(quar.)
W.)
1
$25c
Chocolate
(P.
10-31
$6
$5 preferred (quar.)
6% preferred (s-a)
(quar.)
Electric Co.,
Woolworth
15
11-
87 %C
Ltd.
Winnipeg
11-
1
$1.50
17%c
,
—
■*
Payable of Rec.>
30c
1112-
50c
preferred (quar.)
When
Share
Name of Company
1-1-47
6'c
6C
6c
$1.12
56V4C
I
Co.-
(quar.)
Baystate Corporation (quar.)
Beaux-Arts Apartments $3 prior pfd. (quar.)
10-31
11-15
92 %c
$1.12%
v;.
Steel, 7 % pfd, (quar.)—
Bancroft
&
Sons,
7%
preferred
Bangor Hydro Electric Co., common
Barber
(W. H.) Co. (quar.)
Bartgis Brothers, cfcmmon (quar.)
Bathurst Power & Paper, Ltd., CI. A (quar.)
10- .7
10-15
y*
Baltimore Porcelain
7
—
Wellington Mills, Inc.,
preferred
,10-
Wilcox
&
•„
Share
>
—-
1
l
.
(monthly
11-
11-
25C
Company,
9
•20c
(monthly)6.36 %
preferred (monthly)
6% prior preferred (monthly)
Utility Appliance
Corp.
(initial)
$5
11- 9
.
*,
■-
Monthly
s
—
$4.50 preferred (quar.
-—«
Aviation Corp., $2.25 conv. preferred (quar.)
37'/2C
12 %C
preferred
Wilbur-Suchard
11-
2
Mills
-
', ; '
1
Monthly.;
11-
(quar.)
Weatherhead
2 y
12-
500
.
Union Electric Co. of Missouri—
$3.50 preferred (quar.)
$3.70 preferred
(quar,)—
;
$4.50 preferred (quar.)
—
United Cigar-Whelan Stores Corp.—
$3.50 convertible-preferred (quar.)
United Light & Railways (Del.) —
prior
,.;
58'/3C
Tung-Sol Lamp Works, Inc.—
80c preference (resumed) —
Common
5
12-
41%C
.
——i--—
1%
Avohdale
10-31
11-
$30.
prep,
Extra
1
,30o
interest (increased)
Toledo Edison Co. 5% preferred (monthly)
6%
preferred
(monthly)—
7%
preferred
(monthly)—--,;
—
.Torrington Manufacturing
>
12-
11-15
Name of Company
Per
When
Holder$
Payable of Red.
Per
v,..
'
(increased)—.
,
Certificates
'
/
Holders
Payable of Rec.
$75c
81'Ac
<
Corp.,
Pacific Land Trust—
Texas
When
Share
,1
>
-
,,
yolume >164
.Number 4533
••»---
Per
,
frame of Company
r
General Investors Trust (Boston)—,
//Certificates of beneficial interest-
General Mills, Inc.___
General Motors,
General Paint
$5
Corp.,
(quar.)
General
1
Public
Ope-tenth
South
Utilities
share
Common
Gerrard
&
Gas
,Common
A.),
1
9-30
of
Boston
-
25c
(initial quar.)
Co
:
.
(quai'.)__
10-15
2
(quar.)
11-1
$1.50
10-15
60c
10-23
68%C"'.<; 11-
15c
1
7
7
Powder
(quar.)
Co., 5%
Chocolate Corp.
■
pfd.
(quar.)
6-27-47
10-25
10-25 *
10-25
»Btock dividend.
Corp.
$1.25
Co
25c
Marchant
10-15
9-27
9-30
7%
12-1
10-15
50c
Power, $4 pfd. (quar.).
6% preferred (quar.)__
10-15
93 %c
(quar.)
11-
40c
(quar.)—
10-15
1
11-
$2
(quar.)
Huyler's, $2 partic. 1st preferred
11-30
$1
2nd preferred
conv.
Hlinois
Power
Co.,
5%
12-20
10-15
New
common
Stock
11-
1
Merrimac
(quar.)
(quar.)
7
10-
4
30c
10-15
11-
1
Bronze Powders, Ltd. com
partic'. preferred (quar.)
Educational
Publishing Co.—
1
10-21
$85c
—
.
$37%c.
10-
10-15
9-13
common
of
10-15
preferred ($1*00 par) (quar.)
preferred ($5 par) (quar.)
Milling Co. 4% pfd, -(quar.)
International
Products Corp.
(increased)
International Resistance Co.—
///_//
6%
convertible preferred
(quar.)
International
11-
1
11-
1
10-2,
9-30
$$1
—
75c
—
10-15
12-
2
Interstate Department Stores (initial quar,)
Investment
6%
Foundation,
convertible
Investors
Management Fund
Iron-Fireman
10-15
9-16
9-30
130
10-15
30c,
12- 2
50C
—
■
,
Isle Royale Copper Co; (irreg;)
Jacobs (F. L.) Company 5% pfd.
'
a
■
10-17
(quar.)
62 %c
Jersey Central Power &'••Light—//..
«4% »-preferred', (guqrj_^_———
preferred (quar.).——
$1.06 y4
preferred '(quar)J
87 %C
Johnson & Johnson-// Z
Ai% -2nd preferred :series A (quar.)
-$1
Jonas & Naumberg
(increased)
:
90c
Joplin Water Works, 6% preferred (quar,)— :
$1.50
Johns
Manville, >3% %
Quarterly
Kalamazoo
:
Stove
&
Furnace
417e
;
(quar.)—
20c
City Southern Railway—
>4% non-cum. preferred ^
Kellogg Switchboard & Supply Co., common.
<5% 'preferred (quar.)—.—
Incorporated,
-".■•Extra
$1
i.:
/_
;____ "
Series
Klein
Gold
(D. Emil)
Kobacker
$1,371/2
Co.
Stores,
Co.
(irreg.)
Mining (reduced
(quar.)
Labatt
(John),
Ltd.
Lake St. John Power
(quar.)
/
&
& Sessions Co.,
Bryant, Inc. 4 % %
Lane
'•
20c
10-21
12-28
.
;/•:
'
15c
11-
9-30
2
30c
11-l
30c
^-Extra
10-29
"
10-15
9-30
$lc
$1.12%
$1.75
12 %c
10-15
•'
10-15
"11-
10-15
$0-15
iOc
10->15
15c
11- 1
-"7%c
-
—
12-
10-31
11-
11-
10-15
1
1
2
10-15
,10-
10-
•
/ /.
10-15
Steel
Tea
10-
11-
10-15
5
New
New
-
:/
Car
Co.,
Water
Brothers,
Brunswick
New
Idea, Inc
11-
$
15c
10-12
25c
10-30
:
1040
9c
10-11
10- 1
9-30
/
Ltd. (quar.)____preferred (quar.)
Corp.,
4%%
Co,
,
Inc.,
(s-a)
Co.
Service
Gear
$1.0Q1/4
$1
10-15
9-20
$1.25
(q*aar.)
11- 1
10- 7
Co.^_^
(increased)
of
.9-30
10-15
11-.15
11-4
10-16
tMVsC '
53%c
(quar.)
$1.18%
$1
9-15
11-
5
10-15
Colorado,
Concrete
preferred
common
10- 1
10- 1
11- 1
1040
35o
10-15
9-20
40c
10-22 $ 40- 1
?
l(WI -5 10- a
•
11-1*. 10-15
11- 1
1045
10-15
$1.
$1.75
9-30
11- 1
10-18
10-15
11-1
11- 1
30o
11-1
$1/10-15
20c
"50c
1045,
■
17V2C
10-15
10-1
11- 1
10-
1
11%0
10-15
9-30
IOc
40-21
9-30
37%c
10-15
9-30
/
$1.25
9-39
9-30
10-
1
10-11
9-20
9-20
10- 1
10-15
•
10- 1
9-14
9-20*
,
10- 5
$5c
11- 6
41V4c
(quar.)
10-15
11-1
10- 5
10-15
11-1
41%c
"■
10-15
10-15
11- 1
.
10-15
v-
,
11-30
25c
(quar.)—
Quarterly
Rochester
.10-20
Rolland
25c
11-14
.10-17
' 11- 1
,10-21
25c
11- 1
50c
11- 1
$25o
52 %0
11*» jl
.
Co.
10-31
15c
6%
Saginaw & Manistee Lumber
25c
10-15
9-20
St.
Croix
11-1
40- 4
10-15
10- 4
10-35
10- 5
,
5c
,
,
25c
415c
(quar.)„
preferred
9-30
Paper
Co.
(quar.)
(irreg.)
10-19
12-10
11-5
10-15
/ 25c
75c10-15
10-15
10-19
40'-15
3.0-15
10-21
10-4
(N. Y.)—
(quar.)___
Roper (George D.)
Corp. ■ (quar.)——___
Royal Typewriter Co., common
7% preferred (quar.)
Russ-Building Co., 6% preferred (accum.)—
Russeks-Fifth Avenue new com. (initial quar.)
Russell
Berg
Fund—
V
12-20
41-15
ll-.l
11- 1
11- 1
11- 1
15c
10c
common
404£
-
10-25 /il 104,5
50c
(quarj—
Ltd.,
10-15
9-15
.
^
15c *' 10-31
____________,
Button
10-21
1045
r_—
———————
Paper Co.,
40-20
50c
Extra
:
9-31
'-10-20
(quar.)___
(interim)
Co.
._•»■
11-1
——
Mills, Ltd.
—
9-31
,
10-25 '
25c
\
—___
(quar.)
Cotton
9-30
10-25
.>■:
25c;4l-,;4
75c / 11- 1
•
B
preferred
11- 1
4048
/10-19/;
l/f$1.50
_________
10- 4
41-25
$25c
(quar.)_
8-23
.
10-15/. 10- 7
11- 1
$1.50
Company, common (quar.)
A.) -Company, $2 pfd. A (quar.)__
'
(C.
10-15
•
(quar.),/'20c
Pile, common
/__
$12c
5
10-21
.
$1.10
90c
:
(quar.)
$1.75
9-30
10-15
,9-13
11- 1
10-15
10-15
10-
10-4
40-15
Class
9-30
10-15
"
11- 1
37%c
(ihontlily)
preferred
Robinson
9-30
9-30
11- 4
2-5-47
10-15
41-15
41- I
50c
Extra
10-15
11-15 r
,
11-35
$3
1-21
10-15
75c
4%%
Telephone Co., Ltd.
25o
10-15
$2
10-15
10-15
12-14
4-1-47 3-15-47
$75c
$$1.50
Richmond Insurance Co. of N. Y.
9-28*
3c
1-1-47
11- 1
10-14
10c
^
1148
50c
Republic Natural
Gas
(increased)—/—60c
Republic Petroleum Co., common (irreg.),—
12%c
5%% preferred A (quar.)—
r
68%c
Revere Copper & Brass,-5%% pfd. (quar.)—
$1.31%
Rhode Island Public Service, class A (quar.) / -/
$1
10-ii
10c
—
stock
10-2$
1044
*
12-2
.50c
\
$2.10 convertible preferred" (quar.)
10-15
'
10-31
;
$2
50c
58%c
*
-
series___
1-31-47
*$1.50
-
pfd. (quar.)_
Bedford Gas & Edison Light (quar.)
Bedford Rayon, class A (irreg.)
New
$1.50
-
■
——
series
National
/ 9-23
L
^
bond
&
11- 6
40c
,
25c 2-15-47
Rochester-American Insurance
(quar.)——
common
Sepculative
Naugatuck
9-23
10-15
1
series
National
9
(quar.)
75o
Republic Investors Fund, Inc.—
^%./preferred:class A (qiiar.)
6% preferred class B (quar.)__
10-15
Corp.—
prior- preferred
•Bond
^
9-28
11-15
Co.
National Securities Series—
'.t
9
10-16
56 %c
Pumps
Low-priced
10-16
25c
11- T
11- 1
10-15
■Low-priced
10-15
:
25c
12-20
10-15
25c
•
-
i.-'L.—-
10-15
.
:
20c
'6%
(quar.)
Reed-Prentice
Corp.
(extra)Z___
Regent Knitting Mills, Ltd.——
Reliance Electric & Engineering—•,
9-30
11-1
11- 1
■
Tool
Reading
10-15
11- 1
5c
(quar.)
Fuel
National
1
10-1
$l,%o .10-15
$2
10-15
.■:.,
9-30
conv.-pfd. (quar.)$0.296875
Corp.—•
National Mallinson Fabrics
'9-30
9-28
12-23
12-27
-
10-
1
9-30
10-15
>*60o
Reed
10-18
25c
(quar.)__
(quar.)
National Lead Co.,-6%- preferred B (quar.)_ :
National Malleable & Steel Castings (resumed)
9-30
10-15
$1
Bottling____.
(quar.)_
Extra
9-10
9-00
Department Stores Corp.
Gas
50c
,
Companies, 4% preferred (quar.)//
Machine
Raymond
11-8
10-15
$5c
_•
10-159-30
10-15
10- 5
10-15
/
11-1
tM
10-15
1
12-
'
National
9-30
$5c
(initial)
common
50c
10-19,
"
40-25
11- 1
1045
11- 4
20c
■
(quar.)
—
Coca-Cola
10-29
11- 1
$1.50
Railroad Employees;Corp,; 80c pid.
Railway Equipment & Realty, com.
6% 1st preferred (quar.)_i:
9-30
_•.
_
" $1
32 %o
(quar.)
Quaker-Oats Company, 6% preferred (quar.)
.Quebec Pnwer ,Company (quar.)
________
;
12-10
10-15
National
-9-30
••
25c
__
—
.
Company ._—/.
►New
/
*"'$0-11.
10-15
10-15
$$1
(quar.)
>9-80
/__
Manufacturing
10-11
$50c
common
pfd.
&
National
Neisner,
/
40-15
56%c
—
10-21
$25c
"Extra
Lamson
Chemical
National
Paper Co., Ltd.—
;
$1.50
Share____—
4%%
12 %c
.
,10-20
9-30
9-30
Cash
&
10- 3
^7VS^"/$0-$5
common
(accum.)
$1.30 -pfd.
Service,
preferred (monthly)—.—______
;50o
(monthly)
*
__
*50c
Puget Bound Power ■& Light--*
$5 prior'pfd.
(quar
$1.25
Purex -Corporation, Ltd____—
—.—$15c
Purity Flour Mills Ltd. pref. (quar.)
$62%c
$1-15
10-31
10c
(quar,)—
<
6% "preferred
Products
20C
(quar.)
Quarterly
*'
Bond
12- 3
,10^21 :
$1.50
Fibres—/
Co.
Company,
Distillers
34%C
_
preferred (quar.)
2nd preferred (quar.)
Kroger Company, 7%
Krueger (G.) Brewing Co.
.Extra
:
Automotive
Container
25c
common
$c
9-27
6%
12- 3 / li-)15
62%c
37%C
-
,
Battery
11-26
-*
Electric,'.4%%• pfd. (quar,)
Strauss-Durparquet
(quar.)
Co.—•
7% preferred (monthly)—
5%
preferred (monthly)
—__//-_*
Public Service Corp; of'New Jersey—
v
10-11
12- 2
10-1
50c
6%
10-11*
$12%c
""
Cement
'
Public
10-11
10-31
1c
(quar.)
National
15c
Kroehler Mfg. Co., 4%%
1
10-31
$1
;
Investment Tdnd
National
10-
59c
__
11-
10-15
$1.12%
"
—
12 %c
$1.50
■
y
Register
(quar.)
NationaL»Gellulose -Corpi. : (initial)———
9-30
$0-15 /■ 10-.2
•
9-30
10-18
Preston East Dom^ Mines, Ltd. (reduced)—
Procter & Gamble 8% pfd/ (quar.)_—.—___
Prosperity Company, 5% preferred tquar.)_
Proprietary MJlls, Ltd. (interim)
—,—_
10-1;5
50c
(quar.)
America—>
8
$1.50
s-aj^.-
(quar.)
of
10-8
3iy4c
(quar.)
Inc.,
preferred
Co,
10-31
170
Breweries
Ltd.
.10-31
-
S-3
Kirkland Lake
Mills,
preferred" (quar.)
National
9-18
60
$1.50
-
Rice
15c
,
10- 1
'
National
10-16,
10-15
10-15
■
Society (quar.)_____
Mining, &. Developmentr—
Oil
-
Royal
National
-
&;•,
'
11-15
$1.75
10-15
40-15 /
10-25
.
Extra
9-25
12-14
11- 1
Insurance
30c
$1.25 convertible preferred (quar.)_
Kentucky-Utilities Co., 6% -pfd. (quar.)
Kerr-Addison Gold Mines, Ltd. (interim)
Keystone Custodian Fund, series B-2
Kingsbury
Plan
Diablo
National Biscuit
1
'• 10-15
J2c
$1.10
,
50c
$1.25
common—i.__
■
50c
..Extra
—
Kennedy's,
9-25
National
10-14
11-
10-15
Mu^L£fystem/.:8;%.:q>ret6rried;
10-15
10-15
11- 1
10-15
Nathan
#-ii
Kansas
10-21
50c
Co
Narragansett
/
•'10-18
10-15
1
$1.50
Rubber
Public
preferred
Plomb
1
6%
■
journal Publishing Co; of Ottawa, Ltd.—
11*
10-15
10-31
11-15
41-15
11- 1
Plymouth Cordage (quar.)
50c
10-19
Employers stock (quar.)
!;
5c
10-19
Portland Gas Light, $5 preferred
(quar.)__
$1.25
10-15
Potomac Edison,
3.60% preferred (quar.)__
90c * 11- 1
Power Corp. of Canada, 6% 1st pfd. (quar.)
$$1.50
10-15
6% non-cum. partic. preferred (quar.)—
$75c
10-15
Prentice (Q, E.) Manufacturing Co. (quar.)50c
10-15
3
Mutual
io-lG
11-1
-H-4
10-25
10-
Mutual tChemlcal
-1045
>11- .1
Jewel Tea Co., -4% %
1
10-
-
9-24
10-31
2
11-
3c
L
Co.-
1
12-
10-15
Mount
11-9
„
10-15
11-
$1
Mquntain StatesiPower Co.,' 5% ;pfd. (qqar.)
•Common. (quar.) ,1—^
!__
Mountain States Telephone & Telegraph Co.—
//'• Quarterly"
Manufacturing Co>~../.''
^Common:guar.,)
10-31
1
15c
Extra:-
9-25
10-15
11-15
_______——
^Quarterly
10-10/
600
$1.75
t25c
9-30
10-15
Mount
Zli-4/
$750
(quar.)
10-11
11-29
10-19
15c
Morris
.11-15
Ltd.—
preferred
11-1
Extra
.
,7%c
10-
25c
(quar.)
Monongahela Valley Water Co.—
7% preferred (quar.)—
Monroe Loan Society.- com.^ Class A:(quar.)-,
Montana Power, $6 preferred (quar.)____
Morrell, (John)
& Company (quar.)
10- 2
$8%c
10-15
Extra
9-16
$$1.75
11-30
$1
Porcupine Mines, Ltd. (interim)
Monongahela Power, 4.40% preferred (quar.)
Canada—
7%
43%c
t85c
Moneta
:
.
10-15
65c
(quar.)—_
12-16
10-15
10-15
25c
Mohawk
"
9-15
10-15
1
1
preferred-
Abrasive
/ 10-15
1
1111-
.
_
Piping & Supply (irreg.)
Manufacturing Co., class A (quar.)
Mississippi Power & Light, $6 pfd. (quar.)_
2
/30c
(accum.)
Nickel
8%
11-
9-30
Miller
10-21
11-
10-15
Midwest
I
9-26
40c
International
Co.
12-
$1.12%
Harvester,
Hat,
Mid-West
10-31
8-26
11- 1
75c
7% preferred (quar.)
Mercury Mills, Ltd. (quar.)
10-25
—..
10-15
10-15
$15c
Mercantile Stores,
11-20
.-./.-c .f-
.
7£c
$1.50
11- 1*
11-20
Co.
"-r;
$25c
McLellan
Stores
•.
-
62y2c
-j
10-11
3%
International
' f. - -
.
1
20c
International
lQ.t 4
—
Meyercord Company
Investors
preferred
Associates—* /
11-
100%
International
$3.50
9-30
;
10-15
preferred
10-15
Industries, Ltd.—
Deposit receipts ordinary shares
i,/./ (interim)
'6%
Utilities
participating
10- 5
12 %c
(quar.)
Indianapolis- Power & Light
Interchemical Corp., common
A% %
preferred (quar.)
10-21
30c
1
Chemical
Incorporated
25c
9-25
9-30
Participating preferred
Philip Morris & Co., Ltd., common (quar.)_
3.60%
preferred
(quar.)
4 %
preferred
(quar.)
Phillips Jones Corp., 7% preferred (accum.)
Pig'n Whistle Corp., common (Initial)
$2/convertible prior preferred (quar.)
Special preferred (quar.)
Pillsbury Mills, $4 preferred (quar.)
Pioneer Petroleum, 7% preferred (s-a)
Piper Aircraft, 4%% conv. pfd. (quar,)__.
Pittsburgh Screw & Bolt (quar.)_
10-15
(irreg.)
Light Associates—
Power &
Portland
Perkins
preferred "(accum.)
10-15
>10-15
Philadelphia Company, common (quar.)__»
6% preferred (s-a)
w
Philadelphia Electric Co.—
;■_.
4.40%
preferred
(quar.)
i///
Philadelphia National Insurance (s-a)
Philadelphia Transportation, common
9-20
10-31
75c
10-28
*
—
9-20
10-15
9-30
11-27
:
12- 2
20c
_
'•
-
Pennsylvania Power Co., 4%% pfd.
Peoples Gas Light & Coke
Pere JMarquette Railway—*
5% prior preferred (accum.)
10- 3
10-15
$$1.75
:
4% pfd, (quar.)
10-15
-
.12- 7
9-31
$1
9-30
10-17
50c
$4
dividend
■American
10-15
(quar.)i
Penman's Ltd., common (quar.)____________
6%
preferred
(quar,):
,
5
$20c
1
25c
10-
$17J/2C
McCall
10-15
10—5
10-15
7c
B
11-
1
10- 2
10-15
pfd.
!
Peabody Coal Co., 6% preferred'(accum.)
Peninsular Telephone, common
(quar.)
Common (quar.)
$1 preferred (quar.)__________________l
9-27
37y2C
(quar.)
11-
11-
10-15
15c y
10-30
9-30
;9c
Corporation (increased quar.)
McClatchy Newspapers, 7% pfd.
(quar.)
McColl-Frontenac Oil, 4% pfd. (initial)
McKesson & Robbins, $4 pfd. (quar.)
$1
10-15
$0-10
11-1
10-15
15o
.
11-15
Panama
1
25c
—
50c
.
pfd.
(quar.)__
Dividend arrears certificates (accum.)
Illinois Zinc Co. (quar.)
Imperial
50c "
;•. 50c
(extra)—________
7%
9-30
9-30
10-15
Paraffine
10-1
10-
1
Fund
62 %c
(quar.)
(quar.)
conv.
10-15
10-15
90c
(Initial)
Park & Tilford^ Inc.
Parke, Davis & Co
11- 1
20c
//
6% preferred (quar.)_
Packer Corporation (quar.)
$1.06%
,
10-19
10-15
v,
j
quar.)
(quar.)
Engineering
Corporation
6% % preferred
9-30*
>
9-30
$1.75
(Minn.)—
(initial
Pacific Telephone & Telegraphs-
•;«'.4-;i
13%c
10-19
—
10-15
Pacific
v9-30*j
10- 7
(quar.)
Massey-Harris, Ltd. com. (interim)
Maytag Co., $3 preferred (quar.)
:
$6 1st preferred (quar.)__
McCabe Grain, Ltd., class A (quar.)
11-15
12-30
10-15
11-15
9-30
;$1.50
Co. .(Del,)
convertible preferred
(quar.);
Gas & Electric (quar.)
Lighting Corp., $5 pfd. (quar.)
Pacific
10-15
—
preferred
5%
9-30*
$1.25
preferred
9-30
80c
Oil
Massachusetts
9-30*
1
10-15
10-15
10-14
1
50c
10-17
10- 1
1
10-15
11-
$1.25
Pacific Petroleum Ltd. /(initial
s-a)$5o
10-15
;
(irreg.)
Co...
Massachusetts
10-11
$1
$1.50
4%%
Pacific
$1.50
Massachusetts Investors Trust
1
Huttig Sash & Door Co.—
5%
$2
(quar.)
Marshall Field & Co. (quar.)
11-21
11-
Maracaibo
10-15
25C
Co.
Bond
Common
10-25
25c
Hardardt Co. (N. Y.)
Household Finance Corp., common
11-
,
10-15
11- 1
37yaC
:v
-
$9-30
>10-15
$2
(quar.)_.—._
Exploration.
Maritime Telegraph & Telephone Co., Ltd.—
10-15
1
-20c
;
Calculating Machine
9-27
11-
10-15
11-1
25c
(quar.)
■Pacific-Coast (Aggregates—
Pacific
Extra
.
10-15
25C
&
preferred
Sugar
Manhattan
1
lc
—
Holly Development Co. (quar.)
Holly Sugar
(quar.)
Holt (Henry) & Co.—
*1 class. A (quar.)
Border's, Inc.
(quar.)
Hummel-Ross Fibre,
1
11-20
50c
jPorbesy-fCommtar; (quar.)—35c
Electric
11-20
convertible preferred
(quar.)___
$1,12%
(quar.)
t25c
7%^preferred (quar,)$$1.75
Orange Crush, Ltd., 70c conv. pfd. (s-a)
$35c
Ox Fibre Brush Co,
(monthly)--.—-—
25p
; v-
12-2
12- 2 #tll-20
10?25
;10- 9
w
29c
Maiden
Manati
-10- 1'
12-17
Ontario Steel Products
Co., Ltd. com.
.
12-21
30c
—
10-15
10-
'
..
,$1.25
/25c
5C
Payable in Southern Minstock
Houston Lighting &
10-25
11-
4
10-15
10-15
,
;
6% preferred (quar.)—
Macy (R. H.) & Co/ 4V4% pfd. A (quar.)—
Mading Drug Stores, common (initial)
*55c preferred
(quar.)
Mahon>(R. C.) rCo., $2 Class A pfd. (quar.$
11-15
12 %c
1-2-47
MacAndrews &
11-15
>50c
Company com. (quar.)
pfd.- (quar.)—,—
$2
10-21
"■•
8
10-15
25c
4%%
11- 8
-
10?15;
15c
Special
10-31
10-15
75c
(quar.)_
$1-30:
$1
11- fl
$1
com.
(monthly)
Lumber
10-
20c
__________—_»
(quar.)
1-10-47 2-24-47
50c
10- 4
$1.75
(quar.)_
$1.25
Oklahoma Gas &.
Electric,
-Oliver. Corporation—
11-22
12-10
.J50c
(quar.)
Inc. (quar.)—
10- 4
(quar.)„
(accum.)
commoh
10-5
10-15
10-15
25c
common
Ogttvle Flout Mills, Ltd..
Ohio- Match
Co.
(irreg.)
1-10-47 2-24-47
$1
(quar.)
11-22
12-10
$1.10
•
11-15
•11-
Nu-Enamel
New
-
12-10
10-31
Northv/est
10- 3
10-17
10-21
15o
(quar.)
preferred
9-25
10-17
75c
Co
preferred
$3.60
9-30
10-B
12-27
11-30
;1,0-1.5 /■,. 9-27*
.
$4.50
guaranteed
preferred
prior pfd.
(N. Y.)
Co.
preferred
(accum.)
Northern States Power Co,
9-30
9-30
11- 4
9-16
6-10
10-31
/
,35c
preferred (accum.)__
preferred
11-1
>
11-9
5c
■,/
/■
Corp.,
Northern States Power
,,11- 2
10-25
$1.25
(quar.)
Htbbard Spencer Bartlett
/
„
50c
10-15
9-30
50c
40c
93 %c
___
87 %c
5%
10-22
11-15
10-15
>
common_
7%
37%o
9-23
,
6%
11-30
5% preferred (quar,) ($100 par)/—$1.25
5% preferred (quar,)
($25 par)
31J/4c
Lowenstein & Sons (initial quar.)
27y2C
Lowney (Walter -M,) Co., Ltd. (quar.)
$12!/2C
Luzerne County Gas & Electric—
"
4%% preferred - (quar.)__/—$1,06%
2
,10-16-/
10-15
11-30
12-12
'12-12
12-1,
Angeles Investment (quar.)—
Louisville-Gas- & Electric (Ky.')," "common-—
9-30
10-
12t12
50c
Los
10-15
10-
•
37 %c
10:
1
11-
$1.12%
(increased)
preferred
eral
12-18
10-21
$1.12%
37y2C
(quar.)
Longines-Wittnauer Watch, com. (initial)—
Loomis-Sayles - Mutual Fund, Inc.—
Common no par (quar.)
Loomis-SaylesvfiecondiFund (quar.)———.
Lord & Taylor, 8% 2nd pfd. (quar.)_______
40- 8
12-28
11-30
11-30
Extra
10-25
10-15
25C
12-12
Co., common (monthly)-—_
preferred > -(quar.)
Longhorn Portland Cement—*
"T" *'"**'
9-30
50c
10-15
1
11- 1
50c
i
convertible preferred (quar.)
Northern Indiana Public Service—•
/•//
12-12
(quar.)_
8%
9-30 "':
60c
11-
Gas
Illinois
10-21
$1/
$1.50
25c
Lock Joint Pipe
9-30'
10-15
Northern
10-15
50c
(quar.)•
Groceterias,
11-15
10-15
50C
(Edward)
Special
1
preferred
Co.
Special guaranteed
,
12-
Shore
10-26
-
(quar.)_!
/"
Brothers, 6%
5%
(quar.)
com.
preferred
/
11-
1
11- 1
87V2C
Original capital
Original capital
10- 4
10-15
preferred (quar.),
Corp. of America
-3%%
1
10-15
(quar.)_.>
participating
13%%
Horn
11-
10-14
North
11-
River Insurance
10-16
50c
Corp.—
Lighting Properties,
North
Little Miami ,RR. Co.—
450c
•_
Hercules
Hlnes
Lit
9-20
Additional
5%
i.
10-14
$$1.50
-$$2.50
conv.
Hlgbee
10-15
4
Loblaw
(quar.)
conv.
1
11-
15c
.
Hat Corporation of America—
"4%%
preferred (quar.)
Havana Lithograph Co., common
$4
11-
Oil
,
10-21
J,
prior
Lion
34% c
Harriaburg Gas Co.,"- 4%% pfd. (quar.)_
Hart-Schaffner & Marx (increased)
Hartford Electric Light Co.
Hershey
Z
1
75c
/
Lliilc-Belt Company* (quar.)
10-
10-15
30c
Service
participating preferred
7%
10- 1
1
9-30
...
(quar.)_i.
Corp., common
9-3,0
•
Boston
$3 preferred >.(quar.)
North Penn Gas Co., 7%
"
30o
25c /
1 -Extra
10-15
10-15
;
•
Company
6%
11-
Z 10-15
Harbison- Walker Refractories—
,6%
preferred (quar.)
Hecht '&
9-23
30c
$2.40 convertible preferred (quar.)__
Hamilton Manufacturing Co.—
Haytian
10-15
$$1.75
preferred (accum.)
6%
40c
10-31
"
common
Extra
35c
Guardian Realty Co. of Canada—
•Preferential
Lincoln
10-15
*
North-America
Co.
40-10
10-15
11-1
$1.25
//
Electric
North
11-
9-30
1
11-1
30c
,
class A'(quar.)
North American Acceptance
Class A (quar.)
9-30
•
10-10
.93%c
,
r-
Corp.,
'
$1.50
,■
.__
pfd. (quar.)
Co.
Holders
Payable of Rec.
41
,
Corp. ■ (irreg.)
;
Norfolk St Western .^Railway. Co,—
Adjustment preferred
(quar.)
10-18
$1,30
12%0*
Hundred
When
Share
'
Hudson Power— '
1st preferred (accum.)
Noma
9-30
11-1
•
preferred
50c
,-;
_
Brewery—
5%_% preferred (quar.)
Griess-Pfleger Tanning
Brothers
$3.50
35c
Co.
Griesedieck "Western
Halle
1040
1
75c
10-15
10-1.5
.
Merchandise
5%
10:14
25c
t
Printing,
11-
$50c
.
31%c,
Y.
Nineteen
10- 4
$1.12ya
Quarterly
Lincoln
/
T
;
:
Insurance
;
8
10-25
(quar.)
(Canada)—
(quar,)_
Great Lakes Power Co. Ltd. $7
pref. (quar.)
Green (H. L.)
Company (quar.)
Greenfield Tap & Die
i
1
10-
10-25
common
(Special •
____!
Grand
Union
Company
'Extra
10-
10-15 *
■
*'///
(Ohio)—
/Niagara
10- 4
11- .1
$1.50
"
-ii;
.
10-15
62y2C
Lincoln National Life Ins. (Fort Wayne)—
10-10
1
20c
Ltd.,
of
10-22
12-25
$1.12y2
_____
'
__
11-
30c
10-15
(quar.)/ 37%c
Co.
Newberry (J. J.) Co., 3%%
N.
.10-15
V?v
preferred (quar.)
Lexington Telephone Co,-— '
•"' V"
>T./,/
3*2% preferred • (quar.)"_
Liberty Loan Corp., 50c preferred (quar.)
11-25
50c
■
11- 1
'$0-28
*•
Telephone
// 6% preferred (quar.)
9-30
12-21
75c
*
4%%
9-30
11-30
12-31
?Per
Name of Company
.
r
9-30
10-15
10-15
$3
Portland Cement (irreg.)
Stores 'Corp,. common (quar.)
;1- Extra
•
•10- 3 /•■'
10-21
$1.25
Manufacturing
Co.
-:.1I
-15c
,
__
Hosiery Co. i (increased quar,
Guarantee
10-17
t.50o
30c
Additional
Lerner
•
.10-7
11-15
250
;
-
_
& Rubber
American
11-15
$20c
_L
State. Co.,
H
io-
./
(s-a)
preferred (quar.).
Corp.—
preferred
:■
Newark
(quar.)—|0c
&
Realty
Prior
,
Lehigh
11-15
Valley Gas,.
/:V
Holders
Payable of Rec.
,v
■
pfd.
When
Share
(increased)
Rubber
Lefcourt
*
preferred
preferred
,7%
11-
$$1.25
(quar.)
Goodyear Tire
Great
Lee
9-30
25c
Globe-Union,■.% Inc.
-4%
•9-30
1
(quar,)
common
Gimbel Brothers, Inc. com
$4.50 preferred (quar.)
Gorham
1
11-
(initial)
(8.
Gotham
11-
Co
/
Lawyers Title Insurance. 6%
v
dividend) —
common
stock
of
(s-a)
Giddlngs :& Lewis Machine Tool. (quar,)
Gillette Safety Razor
Co., $5 pfd. fquar.)
Golden
11- 2
Lebanon
;
General Steel Wares, Ltd.,
«5%: preferred (quar.)
B
11-15
$1.50
$1.37%
*
Electric
George Putnam Fund
Class
10-10*
10-7
(stock
of
Carolina
9-30
1
11-1
$1
,$6.50
preferred (quar.)
preferred
(quar.)
11-
Per
of Company
Langendorf United Barkeries/ Inc.—
.$2 class A (quar.)
25c
(general Public Service, $6 preferred (quar.)
$4
-10-21
Same
,
$1.25
(quar.)
common
/
Solders
Payable of Rec.
601'
37 Vac
_
i--—'
preferred
When
Share
-
THE COMMERCIAL & FINANCIAL CHRONICLE
n»„
11-15
•,/
25c
15c
12-15
10-15
10-1&
10- 5
11-4
12- 2
10-5
35c
25c
20c
10-15
10-25
10-15
10-19
iu- »
10- 4
10-10
10- 9
10-10
$1
/" /- $1
10-15
$10-15
10- 5
10- 5
$1-75
-■
>
v
>
THE COMMERCIAL & FINANCIAL
When
Per
Name of
Bt.
Company
Lawrence
Corp.,
Share
Ltd.—
.4%- class A convertible
preferred
St. Lawrence
Flour Mill$ Co.,
Common' (quar.)
7% preferred (quar.)..
:
St. Lawrence Paper Mills, 6%
Diego Gas'& Electric,
5%
Ltd—'
11-
1
11-
1
t$2.25
10-15
$3.40
Co.,
preferred
Manufacturing,; $3.65
Scranton
Electric
Seaboard
Finance
Seaboard
Oil
Co.
Co.
Co.
Smith. "(A.
Smith
Corp.
O.)
4 %
preferred
11-
9
1
11-
1
/••
25c
10-20
12-14
62 Vac
9-30
12-
"
10-15
ISc
2
10-10
10-15
$25C
11-25
10-
5
'
10c
11-
1
10-
7
;
11- 1
10-10
10-17
$6
11-16
11-16
West
Penn
West
Point
10-15
10-15
25c
11-1
10-4
t25c
10-30
9-30
t50C
10-21
13 %c
11-15
$1.12 '/a
10-15
v
10-
1
11-14
11-15
9-20
Class
Western
5%
Common
10-15
12-2
11-15
2
11-15
preferred (quar.)
Westmoreland Coal Co,
t20c
11-15
10-18
Westvaco
$5C
11-15
10-18
t $1.50
10-48
9-20
12-
Extra'...
Southern
6%
Canada Power Co.; Ltd.—
participating preferred (quar.)__
Colorado
Chlorine
Southern
Indiana
•
4.8%
Gas
12 MiC
Electric
&
Southwestern
Common
Public
Service
10-15
$1.20
11-
1
10-15
$1.50
10-15
9-30
„
(increased'quar.)-
50c
preferred
(quar.)___„„_
3.70%
preferred
(quar.)
(Dallas)
Fuel
Co.,
refunding
Standard
Oil
ll-'l
10-16
10-11
40c
7%
Cash
Cab
Yellow
Cab
Co.
New
10-15
12-
12-10
60C
10-15
;
....
1
10-
11-
1
7
11-20
1-1-47
12-20
25c
1-1-47
12-20
10c
12-16
12-5
11-
1
5c
10-15
7%C
10-15
10-
11-
10-
Superheater
25c
10-15
$1
(quar.)
Tacony-Palmyra Bridge;: 5d. / (quar.).
Talon, Incorporated, 4% preferred (s-a)
Inc.
Texas Power & Light, $6 pfd. (quar.)
'7% preferred (quar.).
Texas
Water
Co.,
Thalheimer
Thatcher
Bros.,
6%
pfd.
11-15>
25C
10-15
•Transfer
11-
1
11-
1
$5
Thew
30C
10-15
10-
91V4C
,10-51
'
!'
Trinity Universal Insurance
Tuckett
Tyler
preferred
United
Class
}
Oil
United
Cities
Co.
Co.
of
Corp.
United
Merchants
5%
12-
1
.
12-
1
11-20
12-
1
11-20
12-20
12-10
25c
10-15
10-1
t37c
11-15
10-15
11-30
10-31
preferred
&
Lines
Pipe
U.
S.
11-
1
10-15
10-18
10-11
(quar-)^
pfd.
1-2-47
V;.12-16
/4-1-47
$1.25
7-1-47
11-
25c
10-15
10-15
10-15
1
1
11-
1
25c
22 %c
(initial s-a)
(quar.)_i.___L_.
40c
...
10-15*
10-15*
1-2-47
'•«
10-19
20c
11-30*
10-10
87 %C
5% preferred
Laboratories, Inc.—
Co.,
$75c
contracts
The
plan
by
»
<
at
17%c
10-15
62 %c
(quar.)
Universal
Pictures
Co.
Universal
Winding
common
11-
,(auar.)_
•
...
•
..
*
.
"
,
10-10
11-
1
10-15
1-1-47
;
12-15,
.
10r 1
12-29
12-
5
$1.25
'10-15
10- 1
27c
10-15
10- 1
$6,090,215
$883,621
$6,140,3i3
374,126
$815,255
465,646
$509,495
$349,609
$3,849,651
has been
of
or
approved
directors
-
and
three
—
.
W"'xV
\
to
Francaise
of
25
based
has
the
certain
assets
of
-
by directors of
a
to
;
406,268
$1,101,083
other
185,216,464
70,450,319 66,406,302
42,667,256
38,096.230
utilities— 100,361,918 102,271,871 206,423,367 211,765,641
gas
Total
sales
gas
therms
in
227,816,646 226,345,350 459,133,i67 463,388,401
——-
CONSOLIDATED
Total
recommended
p.
607."
Natural
ACCOUNT
FOR
30
FISCAL
Other
385,208
—
'374,905
2,584,366
— r
Maintenance
Federal
Federal
>371,038
••.?
taxes
■
—
760,082
<
• '
1,033,840
•
•
-—
tax——
——
Operating income—-
$1,947,513
Excess
profits
2,508,821 •
285,643
257,868
2,220,380;
>/'/ 336,205 1
762,151
,
5,059,958
4,743,177
617,849
567,632
1,062,431
5,075,280
>
681,376
826,769
4,431,324.
648,793
;•
1,520,164
1,527,953
2,105,743
2,616,116
.
2,006,153
$4,696,514
$2,904,315
*'
^
978,155
424,633
959,434
tax
income
Mos.-^1945 U
...
2,357,879
companies
Operation
YEARS
1946^-6
:
;>
Pipeline.
America
Gas
of
Gas produced
.
OF INCOME
$10,774,264 $10,877,032 $23,118,748 $23,264,67®
revenues
oper.
STATEMENTS
1946—3 Mos.—1945
purchased from—
Gas
Depreciation
.
.1,858,610
974,385
4,316,884
.
/>•,?; *;
-/:
>/
1945
$22,919,731 $26,209,723
1,164,015
944,045
-
Other income
$1,244,565
259,733
1,000,085
525,91®
$1,504,297
$5,696,599
$3,430,72®
.i^.—226,806
;
—i
income
$2,174,319
deductions
Income
$24,083,746 $27,153,768
545,871
579,242
1,085,552
1,275,673
$1,628,448
$2,48
$925,055
5 $1.41
$4,611,047
$7.03
$2,155,053
$3.29
406,700
expenses
3,695,338
equipment—
,r 1,895,980
.2,096,006
and administrative
buildings
and
of
bldgs. and
profits taxes-,.
epuipt—
440,296
$1,460,335
975,000
•
common
_1
share
received
from
other
'
wholly
share
♦Per
•
earnings—
•On 656,000
2,000,689 ''.
shares of capital stock outstanding.—V.
163, p. 2297. —
.
Period End.
975,000
$1.92
owned
1946—Month—1945
Sept. 30-
sales _i._—-—....
Net
'
i
(The) Pep Boys—Manny, Moe & Jack—Sales—
$1,441,022
$1.95
than
^
income
1,817,841
1,203,414
earnings
dividends
Net
16,008,385
3,383,125
dividends
per
:
85,977,249 182,259,481
Interruptible service
Compagnie Francaise.
678,182
excess
♦Including
1946—6 Mos.—1945
1946—3 Mos.—1045
84,787,472
Period End. Jun 30—
14,710,201
general
Earnings
$2.43
profits taxes: 1946, $501,561:
731.
p.
General customers' serv.
"r
•
«
|
of
Net
•
Peoples Gas Light & Coke Co. (Sc Subs.)—Earnings—*
all
sold
amortiz.
Cash
220,251
$1,507,349
340,815
——T—————
Period End. June 30—
^
•
Deprec.
IIIncome and
•;
Gas Sales in Therms-
1946—9 Mos.—1945
—^
and
2,136,213
———41,160,478
share of common stock—......—$2.57
1045, $629,110.—V. 164,
company
deductions—
goods
§Selling,
220,190^
$1,501,093
deductions
Gross
income
$1,287,092
—r—•———y
-
•Includes Federal incojne and excess
pay
field
will forfeit
it
ratify it.—V. 162,
——
of
$1,280,903
income
Earnings per
?'>
Roble
Florida
committee, which has
receipts
Total
t«i
—
-
leases in that State.;'"
gas
1946
Income
$3,423,305
an
:/>ENDED JUNE
Net sale
$3,507,186
2,226,283
the'
,
agreed
in
income
Net income
on
Chairman of
wells
1946
>
'
Compagnie
years
•
holders
INCOME
$347,478,.;
retirement reserve appropriation.—*
•
'income;
Other
the Gulf Coast of Texas, according
1946—Month—1945
CONSOLIDATED
2,834,695
$2,266,474'
1,918,998
$2,836,022
Operating
Pennsylvania Salt Manufacturing Co.—Annual Report V
tOther
49,56-1
$5,101,169
.1,013,629
——-
—
State, local and mlscell,
•Other
$5,051,605
i;y
2,290,662
applicable to pfd. stocks for period—
Operating, revenues
j.
•Total operating revenue deductions
$56,894,140 $46,529,747 $446,479,102 $336,386,232
1636,
R;
50,098
(Including Susquehanna Transmission Co. of Maryland)
(J. C.) Penney Co.—September Sales 22.27% Higher—
—V.
164, p.
1249.
$725,897
/
$433,881
s
1946—9 Mos. —1945
$6,885,284
$3,279,63®
-
sub¬
sidiaries.
ing
tExcluding maintenance, .depreciation and amortization, total¬
$58,331' in; 1946 "and $69,999 in 1945, ( ^Excluding maintenance,
depreciation
021
in
and
1945.-.
"
amortization
J
totaling $2,630,501
V
v. v.
;
.
in 1946
k'« ■>
and
irf
-1946
and
$481,827
In
Pfister; Associated
$3,362,-,'
j.
.
tv{Excluding" maintenance, -depreciation-and
$410,562
/
non-cum.;preferred A *(quar.)_I_..i_.'
non-cum.-preferred B -(quar.).
/'-75c
12- 2
1
10-31
,
7fic
...
Hotel
Van Sciver XJ. B.)—.
10-15
11-
50c
20c
7
12-16
25c
$1
Co
Upper Michigan Power St Light—
$3 preferred
(quar.).
10-
9-25
1
„
(quar.)
9-30
$807,103
8,152
'
Income
-< 'if
>.
least
subsidiary, oil and
a
Per. End. Sept. 30—
$Cost
10-21
$876,196
.. .7,425
n.
864,337
864,337
—
Co.
—V;, 164,
867,821
/>
144,056
6 Months Ended June 30—»
field,
the Pantepec stockholders'
Maintenance
11-1
10-21 >
>
Tobacco,
t;
10-15
'I
1,550,000
Pennsylvania Water & Power Co.—Earnings—•
"i,l{
Compagnie Francaise fails to exercise the option,
right to $4,375,000 spent on developing oil wells.
12-26
12-20
1,481,849
144,056
income——
income-
:.
option for the same period to
half-interest in the Pantpec-Creole and
Pantepec's
10-15
11-
4,202,878
258,333
:
(net)
Balance
-
receives
through
9-25
11-
25c
(quar.).
10-15
2,930,239
'896,896
258,514
revenues—
income
Dividends
756'
If
9-25
25C
50C
...
Quarterly
5%
11- 1
6-16-47
1
13,611,605
609,052
142,455
——
oper.
Net
3-17-47
$1.75
...
Utah
of
Atlantic
Sales
common
(quar.)
Refining & Mining—
7%
preferred
(quar.)..
United Steel Corp., Ltd.— ' ■■
6%
class A preference
(s-a)
;
United Stores Corp., $6 1st pfd.
(accum.)..
United Stockyards Corp.—
70c convertible preferred
(quar.)_
Universal
10-15
10-10
$1.25
Plywood,
Universal. Leaf
of
9-19
9
75c
-
Foundry
Transit
half
will own,
that the board
U. S; Smelting,
United
acquire
Pantepec
which
and
11-
14,182,649
139,983
10-15
1
by William F. Buckley,
Mulatta
Francaise
10-15
$1.25
(quar.)
Co., 4%%
&
Compagnie
10-15
$1.50
.
U. 8. Industrial Chemicals Co., Inc.
Extra
;
•
S.
Interest
1
11-
which is estimated to be $4,375,000.
The money is to be paid over a period of three years as the wells are
driUed.
1
10-15
the
in
1
25c
s
U. S.
wells
11-
Manufacturers—
Insurance
U.
10-10
11-
"
(quar.).
Extra
Fire
50
11-
50c
California
S. Air Conditioning, $7 pfd. A (quar.)..
U, S. Fidelity & Guaranty Co. (Bait.) (quar.)
S.
announcement made
15c
U:
U.
posted price of similar oils on
an
ioc
(quar.)
10-15
.
Its full production
period
a
and
40c
preferred
5%
for
10-4
35c
preferred (quar.)^..
(quar.)
5%
Petroles
des
10-15
13%c
Realty, 5% preferred (accum.)
(Del.), $3 preferred (quar.)..
United
company has * agreed: tosell
In'a separate contract, Compagnie
Pantepec the latter's htlf of the cost
'
Fruit
Union
the
9-30
...
Gross
Fantepec Oil Co. of Venezuela, C. A.—Plans Contract
The
10-22
11- 9
Tool, class A (quar.)
12-20
page 1876)11 /
^>
;
4^._,
^
10-10
11-15
......
United
(Continued from
10-25
10-15
Class. B
1-1-47
$$$&
11-22
25c
2,272,940
410,343
dividend.
"e-\Kr I
'*
Pantepec stockholders' committee.
,
2,418,236
—
V. 164, p. 1727.
this
11-25
t25c
&
for
10-31
$1.50
B
United Drill
closed
not
11-15
t$1.75
(initial)..........
Corporations, Ltd., class A (quar.)..
30c
Net
Other
tax.
12- 2
(quar.)
(quar.)
10-5
—
Kr,f
Francaise
(quar.)
pfd.
Corporation
Udylite
books
Income
$1.50
(Dallas)
Co., Ltd., 7%
7% preferred
5%%
Jamaica
50c
Tobacco
10-15
Institution—
tic
Fixture,
preferred B^-——
6%
Mercantile
$2.50
Mines, Ltd. (interim)
Towle
Manufacturing Co.
(quar.)
Trane Company, 6% preferred...
10-16
10-18
.
;
to
Gold
1946—Month—1945
1946—6 Mos.—1945 "
$4,233,939 $26,446,185 $26,148,247
$4,247,328
acquisition adjusts.—
10-31
10-31
Gross
1
^7,833
4,33®
•-
4,065
•Amort, of electric plant
10-15
General Corporation and
Investment News
10-21
$15,391
7,553
Power & Light Co.?—^Earnings-
Other taxes-
10c
6O0
preferred (s-a)
Shovel ..Co..."..'-'-..—
1
.
$10,853
—
taxes
Federal
9-30
——
11-29
preferred
Pennsylvania
11-27
11-
.
p.
Depreciation
—
10-10
12-12
25C
Manufacturing Co.—
preferred
(quar.)
I
9
10-15
t$1.75
--/■
10-10
$1.75
1
7,745
$15,34®
$18,353
7,500
—;
Operating expenses12-
$18,344
9
.
Operating revenues
(quar.)
&
■
—
Period End. June 30—
Co.—
$1.12y2
.
jM** '
,
1
9-30
Thermatomic Carbon Co.—>
Toburn
9-30
tPayable in U. 8. funds, less 15% Canadian non-residents' tax.
^Payable in Canadian funds, tax deductible at the source.
Non¬
resident tax 15%; resident tax. 7%.
a Less British Income tax.
10-15
$1.50
•
(initial quar.)
■
accruals
reserve
♦Previously designated as property
8
Glass
$2.40
10-
%%\i
3,890
8,222
appropriations
2586.
163,
4,141
2,848
<■.»..
——
surtax—
income
Dividend
—V.
10-1
10-15
common
30%
9-18
20c
(quar.)
non-cum.
3.65%
1
,11* i
$1.25
.....
(Del.)
10-15
10-15
25c
*
Cooperative
10- 5
Service
10-18
40c
5
10-21
Public
1
Curry (irreg.)
20c
(quar.)—
—$25c
(quar.)$37 Vic
preferred',(quar.■ $3iy4c
10-18
$1.12%
50c
Texas
10-18
11-
?
(San Francisco)—
Park
Ltd.,
xLess
10-5
.
Biscuits, Inc. (irreg.)
Super Mold Corp; (Calif.)
(quar.)...—
Technicolor^
1
80c
Quarterly
10-10
5%
(quar.)
1
10-31
25c
Sunshine
Company
10-10
11-
preierred
Zion's
11-30
12 V2c
(initial)
common
Co.
and
deductions
Income
$1.75
«;
.
1
o?'on~
———
income
Gross
4
10- 7
12-12
;
5%
2
9-30
11-
$750
(quar.)
preferred
fquar.)__^...______»___._.
Stratford Pen Corp.
Sun Oil Co., 4Vi %
class A pfd;; (quar.)
Sun-Kraft, Incorporated, common
preferred
6%
t75c
10-
5c
common
Zellers,
'://
60c
(increased)
10-15
11- I
Extra
Yosemite
5%
30c
Wyandotte Worsted
9-30
11- 1
1
2-
•/ 50c
<accum.)
■
^
20,839
12-18
93%c
(accum.)
■ ■ '
$65'Zo2 ¥
Utility operating income
Other income, net.—
;f 50c
Co
10-15
10-15
Retirement
1
I94®
.
.
—————
taxes
normal
Net
Chocolate
preferred
11-
(quar.)
on
1st
12- 1
Stores, common (quar.)
Camp
(stock dividend)
dividend
7%
10-1
93 %c
Maintenance
Federal
Corp.—
!
7 !; ''..."
—
__———
1
1-2-47
$1
ing share of $5 par commcn stock
Wiscqjnsin Gas & Electric, 4'/2% pfd. (quar.)
Wood, Alexander & James, Ltd.—
10-31
1
2-
$1.25 2-15-47
.
'
Supply Co.^Earnings-^
——
General
1
11-
11-15
revenue
Operation
'i
.
11-
75c 2-15-47
(resumed)—
Operating
10-15
1
11-15
$1.25
(quar.)
,''^^7";<'v..j ■•..,
r
Pennsgrove Water
(Stock dividend)—One additional share of
$5 par common stock on each outstand¬
10-15
$2
Brothers
Stokely-Van
8
50c
Canada, Ltd., com.
preference
Sterchi
10-
.
...
Investment
of
10-15
10^—-'
Quarterly
Vl'
11-
75c
Wichita Water Co., 7% preferred (quar.)
Wichita River Oil Corp., common (initial)—
Wilbur-Suchard
958.
v
^
1945.—V. 164,
$625,436 in 1946 and $802,590 in
12 Months Ended June 30—
9-13
>
$1.25
preferred
Corporation
$$1.25
(quar.)
9-13
10-15
ri
convertible
Yellow
pfd.
10-15
(quar.)—
(quar.)
Machine—
$37%C
(initial)
of
Street
12-6
■
Wholesale
Staxe
12-16
70c
;
35c
$1.75
preferred
Sewing
prior preferred
$4
10-16
Ltd.—
preferred
Ohio, 3%%
Standard Steel Spring—
4%
preferred (quar.)
Steel. Co.
11-15
1
10-15
....
4V4%
11-
35c
(quar.)
Spalding (A. G.) & Bros, (s-a)_
//■• Extra
Spring Valley Co., Ltd.
(liquidating)
Standard Chemical Co., Ltd.—
5%
preferred
iquar.)
Standard
12- 1
$1.03%
92»/2C
Southwestern Life Insurance
$2
Whiting
....;
(quar.)
Co.—
4.15%
$3.75
9-30
Co.—
preferred (guar.)/
England Telephone
Southern New
9-13
31 V4c
Products
$23,742,311 $24,783,100
$67,826; 1945, $60,112) ♦
for doubtful receivables (1946,
reserve
reserve
9-13
10-15
•
9,610,939
-10,085,569
9-30
10-10
10-15
5%
White
Co
Power
10-15
10-30
143,0i»
q'k?o 939
for depreciation and amortization of $18,575,288 la
and $16,504,184 in 1945.
tNet Of amortization, {After deducting
1946
tlOo
939,o»«
-
7,500,00J
U. S. Treasury notes of
10c
$1.50
49i,2y*
•
589,991
224,500
7,500,000
surplus
tAfter
p.
513,82#^
surplus-—_5'222'2ko
•After
9-30
•
l«,gb
501,999
-
———
Total
10-15
(quar.) >
A (quar.)
reserves
crude
10-18
10-15
$5 preferred A (quar.)
Western Tablet & Stationery—
■
10-15
37V2c
common
■<'/,/ \
515,666.
253,067
=
-
and unknown taxesKryolith cost adjustment--:-V
stock (par $10)
in
Earned
1
10-
fund
for
Paid
10-10
$5 preferred
25c
407,59$^
■,.
«£«.«,
479,097
4Xi,oj«s
taxes pay-
for contingencies
Reserves
10-25
$1.50
$30c
Light & Telephone Co.—
preferred (quar.)
Pacific RR. Co.,
Western
9-20
(quar.).-. I,
Southern Canada Power (quar.) I..........
Southern
(quar.)
(initial quar.)
New $1.40 pref. -(initial quar.)
Old 7%
preferred (quar.)
9-30
preferred
.
40W..
payrolls and sundry accruals—
Insurance
9-20
A
9-30
26 Vi'C
4%
soft 374
10,156,477
8,974,694
,-
returnable
containers
for
Reserves
10-18
;
10-15-
Southern California Water—
t
Accrued
11-15
Papei^ (irregular)^.—.
10-15
3lViC
2,268,37*}
■-■■■■
§ Federal income and excess profits
able and accrued--.:.
10-15
$1.12y2
75c >11- 1
(quar.)
Ltd. (increqsed s-a)——
34 %C
California Gas Co., pfd. A (quar.).
preferred (guar.—l ,;
pfd.
Petroleum Co., preferred (accum.)
Grocers, Ltd., old common (quar.)
Western
10-20
10-16
Manufacturing
37V2C
Southern
6%
12-2
60c
4%%
Co.,
Extra
Westates
'
1
37VzC
......
(quar.)
Power
Western Breweries,,
9-30
11-
37V2C
....
,
Provision
Common
12-
■
West Virginia Pulp &
..
(quar.)
sS'Sa'
I,810,0b5
.
l^r^^r^:::zz::z:7z-2z
10-25
.11-11
7%'preferred"(quar,J".$1.75/
9-30
11-15
cost)
LIABILITIES—
11-15
11-30
13 %C
(at
equipment (at cost)—-tTrade-marks, patents, goodwill etc.->-P.r^,r,r-w
Deterred charges —I
11-15
11-30
common
quarterly
California Edison, common
original preferred (quar.)
preferred C
(quar.)
"10-5
other assets
buildings and
tLand,
2
preferred
15C
250
Increased
10-15
r»-T
i
-^§2i'|jZe
Investments and
12- 2
(quar.).—————^11—$1.25
10-15
Webster-Chicago Corporation
10c
West Michigan Steel Foundry, 7% preferred
17V2C if 11- 1
West Penn Electric, 6% preferred (quar.)...
11-15
$1.50
Southeastern Greyhound Lines-
5%
7-15-47
■
receivable-^trade--——-...
and-State incphic"aii4'^ces^^profltS;
refundable,
»
■
Inventories, >-*——*
—9
taxes
4-15-47
8-1-47
S/Goysrnnien^bonds^Tw^^^^rr-^^: ^ ^2,340,^ ^ ou,*31.
Federal
1-15-47
5-1-47
1945
''.J-'
.hand.—--.—$3,760 41O
on
♦Accounts and;notes
12- 9
10-15
2-1-47
$4.25
preferred
(quar.):
+_
$1.00y4
Washington Railway 8t Electric Co.—
5% preferred (s-a)$2.50
62'/2c
Solar Manufacturing Corp.—
foe:conv, preferred A (guar illil——
South Pittsburgh Water, 4VSa% pfd. (quar.).
,
10-15
;
1
Monthly ■
' f
v;;-,"" -'- i3y4o' '11-15 h 11-" 5
Monthly
/ .4-t- -T",";■: ; -•12-15 ??■ 1210-15 :/ 10Class B •' (monthly)U^..^..^^J.l^' i 13y4c
^ Monthly ni—r.-yx;T-rT,.^-:T:n-1;n^:.r—' / J3y4o
1111-15
12-15
12Monthljr
:
,'
13y4c
Vulcan Corporation, $4.50 pfd. (accum.)...
10-15
10$1.50
Vulcan Detinning Co., 7% pfd. (quar.)——
10-19
10- 9
$1.75
Warner Company
10-15
10-1
15cWarren Brothers Class A (qUar.) —i33 %c
11- 1 } 10-15
Class B (quar.)
'1
" 62'/2c
10-15
H- 1
11- 1
Washington Gas Light Co., common
10-15
37V2c
$4.50 convertible preferred (quar,)_______
11-11
$l.l2Va
10-25
5%
$150'
Southern
1
12-16
11-
—
10-18
<
in' banks ,and
■
9
,>
.
11-
50c
(quar.)..J,
J7c
(quar.)...
37V2c
r37ViC
Co.,"Ltd.
preferred
n*
&:'&*>.?Vk.Vl.v' ".'''.fit* ';•
"
10-19*
10-
25c*.
(quar.)
Mills,
»
11-18
11-1'
12-10
$1.75
.
■
10-18
12- 1
--■■k..-,.
.
8%
10-19
11-
togpirg y'-t •
Cash
l.ji.x.i
u.
30'"^
•'^'*"'')""cbN30LIDA,rED BALANCE SHEET/JUNE
Holders
.
-
Paper
12-20
—-
*
Payaole of Rec.
•
9-30 ;
12-38
•
25c
>
Corporation-.....^.........
(Howard)
:v
856
(accum.)
Oil
•
^ 9-30
10-15
91 Vic
'■?
Signode Steel Strapping, common fquar.—
5%
preferred (quar.)
Simplicity Pattern 5Va7o conv. pfd, (quar.).
Sinclair
'9-30
10-15
50c
Common'; (quar.)/;
Signal Mountain Portland CementPreferred
10-15
27V2C.
/;
Canada—
*
:
5
r
(quar.—.
of
10-15
10-
5
preferfed
Share
8%..'preferred |qiiar.)
6%
preferred
(quir.).*.^.^.^.—STVio
preferred
; ■ -' r ~
: stac
Visking Corp., class A; (monthly)
/. 13 V46
11-1
17%C
Segal Lock & Hardware, $2.50 pfd. (quar.).
Seven-Up Texas Corp..
Water :& Power. Co. (quar.)
Sheraton Corp. of America
Williams
"
$1
Shawinigan
Sherwln
9-23
v
25c1
(quar.)
(Del.)
7%
Viceroy Manufacturing
Virginian Railway, 6%
11-
,
(initial).
J..
:
'
9-30
20c
•
(quar.)
pfd.
Co
9-30
|7c
13%C-
(quar.)_
common
...
Paper
Scovill
s
140c
t$1.75
-
^
.
(q11^).
Vertientes-Camaguey Sugar
—-l
—
—
preferred (quar.)
Map (qnar.)
San-Nap-Pak Manufacturing. 00.^
;
7lie preferred
(quar.)
Schenley Distillers; (quar.)
—
Schwitzer-Cummins Co., &V2 % pfd. A (quar.)
Scoit
.;
v
•
Sanborn
When
v
Nntne of Company
Vapor Car Heating Co.,. Inc.—
(accum.)
pfd. (accum.)
Samson United Corp., 55c conv. pfd. (quar.)
Sau Antonio Gold Mines (reduced)
t«—
San
Holder^
Payable p/Ecc.
>.
14,1946
Monday, October
"
.::
amortization, - totaling
1945.- 'Ulhcluding.: Federal - excess ^
and $1454,330 for 1945,< ($893,029-
profits taxes-of $240,767 for 1946
payable! for 1946 reduced by. $452,733
tax credits);
,
.
/
:
'
The
company
for-1,750
Proceeds
to
-File®
Growers, Inc., El Paso, III.
1
With SEC— r
on
Sept.-30 filed a-letter of notification with the SEC
shares-. ($100
par)-preferred;
Offering-price,
$100
a
6hare»
vlU be used, to replace capital for previous expenditures
finance
1946
crop1,of;seed-corn "tor"be" harvested
underwriters named.
•=■
this Tall.-
anc|
N<jr
iVolume 164
Number. .453.1,—.,
a *rw wn jm?> < t Atop AHTf
J
' hut*:THE COMMERCIAL & FINANCIAL CHRONICLE -
....—
Petroleum Corp. of America,—Asset Value Lowers ,€
proximately. $214,000) will be applied
plant in Somerville, Mass.
-•
new
Ner asset value'
per share
shares of 'this *corporation's
fctock outstanding at Sept;; 30,- 1946 was $11.901,'as-compared with
$12.69 at Dec.'31, 1945 and $10,813 at Sept. 30, 1945.—V. 164,' p. 958.
875,838
on
.
it—'
to
r-f-The electric output of ithis
company and its- subsidiaries fofz the
1946, amounted to 131,104,000 kwh., an increase
9 %, over the corresponding week of 1945.—
or
does
thereof,
(
the
Philadelphia Suburban Transportation Co.—Earnings
6 Months Ended June 30—
*
i.lt.
revenue
$1,818,876
—
Operating, expense
Maintenance
---i—■
-
——,
t
v-.;.*>
.
.
1
.
v:-,:Net
income
-
——
i"'
>
—_
.
-
Accounts
Insurance
approved
Other
of
Co.
mortgage
a
Due
loan
_
<
■
beenng
of
terms.
be
The
obtained.
Company, howobtained, to enter <"'lnto
ioaa-*W6uld be in
15-years from the. date
is
at
and
4%. -and
secured
by
of
equipment,
from
the
date
of
the
loan
-
gPatent
6%
-
38,193
Interest
Debt
Income
and
Common
92,526
6,177
7,054
182,112
361,247
expense
extra
profits taxes—
J
—
.
i—I.
I
'
1^———:—
;
dividends
'
•
Portland
The
with
■')>
to surplus
163, p. 2997.
$224,360
issue
issue
of
issued
Co.—Amends
\
of
30
shares
$26.50
from
200,000
The
4%
of
its
registration
shares
surplus
At
amount
to
statement
300,000
cost
Ry.
oper.
Ey.
revenues
share?,
;
stock Jhas
common
N|
>/.
oper.
expenses
operating revenue
Operating expenses
Maintenance
Taxes,
A Net
rev.
from ry. oper.
accruals
$274,656 $$1,471,521
$384,502
569,410
0565,066
•Ry. tax
Equip, and jt. fac. rents
$2,843,481
452,799
1,332,177
3,914,265
0574,118 04,709,621 04,321,822
other
Provision
Provision
stpek
'
' «•>
in
1945
*"
ry.
Other
;■*<'.-;i-U
income-
oper.
income
$380,158
19,249
u
25,249
$3,251,038
•'
fixed
Net
$421,224
70,640
3,383
82,978
3,406
charges
$2,056,045
$3,444,170
232,164
be
'
27,790
28,142
„
Total
fU«<ied
♦Includes Fed. income
$1,796,091
$262,396
tO$86,028
mA:-
v
$2,931,204
6 Months Ended June 30-*
Maintenance
and
repairs
replacements
Taxes
motion
a
to
reverse
than
District
S.
-which
the
railroad
suspended service on
York State and western Pennsylvania,
The
appeal was filed by
citizen's
a
Court
section
a
ruling
of
its
six,
of
represented
21
communities,
villages
and
towns,
shippers in the State of New York.
It had asked for
order by
trustees
the
the Federal District Court
of
the
railroad
/for more than 40 years,
Net
in Pittsburgh,
which has
company,
$4,966,244
1,299,514
which
and
$3,666,730
other
charges-
of
Net
income
♦Dividends
Vi
receivership
to abandon the line.—V. 164, p. 1728.
/
Balance
-
if
for
to
1
•'
preferred
A'
■
c
The
paid
'
-
*
Plastic Wire & C&ble Corp.—New Director—
8} Fassett Maher, of Putnam & Co., Hartford, Conn., has' been
a member of the board of
directors^yK 163^
3143,
jr.
(Mkss*)«^Stock^Offeredw-Ghilds,
(H. K.) Porter, Ine.
-
Effective
Nov.
1,
electric
$5,000,000 annually
missioners -of
This
New
reduction
In
rates
New
the
Jersey,
divided
between
AND
•
will
BUSINESS—Company
was
incorporated May
16,
continuation of the tool manufac¬
by the late Henry K. Porter of
will
company
of
Public
$3,000,000
"Boston. Company is in no
connected with H. K. Porter Co., Inc.,
'
'
i 'The original product line consisted of hand-operated high leverage
(Cutting tools, the market for which was largely in the blacksmith and
carriage and wagon fields.
These tools were first known as bolt
of
Pennsylvania.
'
)
i
later as
clippers,
the
in
trade
bolt
cutters.
Porter
as
and
cutters,
are
The
commonly
now
of
use
Porter
referred
cutters
Net
be
time
the
be
for
•
[Including Domestic
repair equipment.
Net
..
'
-/
)
<
sales
Cost
of
goods
Utility
Com¬
residential
ministrative
Income
are^ covered by patents.
Other
exps.
from
8 Mos. End.
1945
$1,410,499
of
•Cost
937,831
291,644
goods sold
gen. & adm. exp._
:Sell.
271,700
■
Total Income
Other
charges
for Fed.
IProv.
taxes
income
$174,225
13,955
$109,519
amort.
of
.
101,393
$188,180
20,634
44,500
117,881
66,082
37,746
;
profits
tax
49,665
44,117
Reduct.
p
,...
CAPITALIZATION—At
special
capital stock
r\
a
10
of
shares
new
effect
common
to
this
stock for each
recaptalization
share
and
to
of
old
the
common
proposed
will
shares
be
as
of
stdck
common
follows:
z
*
the
capitalization
of
the
♦Charge
Common
stock
($1
y
':,;f
^Authorized
par)
125,000 shs.
-:
>
Company has outstanding a loan from First National Bank, Boston
totaling $196,726 as of Sept. 30, 1946, which it is expected will shortly
be; retired by. application ;of a part, of the proceeds of a 15,-year
mortgage loan in the total principal amount of $350,000.
-*
.
>
V The
-.same
Dec.
Company
bank
2
and
in
3,
also
the
outstanding two unsecured notes with the
principal amount of $50,000 each and maturing on
1946,
PURPOSE—Net
has
respectively,
proceeds
from
;:v
the
sale
of
:-t
v' .V
the
common
stock
(ap¬
.
tax
\
—
Deferred
—.
•U,
S.
9,302,569
183,016
♦Inventories of
•(•Investments
2,532,426
Total
—
vX';
3,944
-
J
$1,256,082
3,519
•
$925,979
effect
I
: "
on
acct.
$129,906 A $127,511
of
%
300,000
300,000
3,800
♦232,141
6,227
income
14,049
13,114
10,481
18,488
75,031
11,575
77,639
100,600
291,7,40
taxes
accrued
taxes
accrued
liabilities
*After U.
.1,726,201
2,968,276
190,207
stock, class A—
(100,000 no par shs.)
69,925
100,000
270,400
100,000
346,267
34,009
■
386,468
;
•
R$gal Games, Inc.—Stock Offered—W. H. Bell &
Co.,
on Oct. 4 offered
80,000 shares of common stock (par
250) at $1.50 per share, These shares are offered asia
speculation.
1,013,259
4,279,433
4,689,564
12j965,660
13,713,168
17,245,093
18,402,732
1,074,636
2,273,547
67,278
2,798,212
S.
by 14,984 shares of
Inc.
Transfer
•
1,074,636
273,032
':
1,150,000
1,250,000
-
7
Dec.
The
and
or
-v:'''..'A jVf ?■;,
42,133
,
Cr222,208
18,362,863
of
past
16,155,660
service
BALANCE
14,501,841
retirement
SHEET,
41,192
//,
12,965,660
annuities.
JUNE
30
govt; securities
less reserves
;
——**
$7,657,568
23,560,166
6,629,438
13,658,515
AND
17,
registrar,
business
chess,
consists
thereof.
The
.U
979,465
751,186
15,206,299
^,r670,978
10,145,506-
$30,557,225 $81,795,326
New
York.
,
pieces
from
component
purchased from
entirely separate
has
seams
a
process
for
field
is
that
laminating
involving
this
bases
for
Regal
that
so
Games,
Joints
and
Items being made or in process of development
table
cigaret lighters, lamps, umbrella handles,
advertising novelties and display stands.
duction
Lucite.
material
not visible.
are
and
to
GIVING EFFECT TO
t
,
,
•Common .stock
%:
working capital required
expand the present facilities.
secure
CAPITALIZATION,
8,310,979
17,419,696
Co.,
fabricating Lucite.
••'',■'
of manufacturing adult
games; such as Mah
dominoes, cribbage, roulette, dice and combi¬
1945'/.j
$6,374,279
21,936,937
Trust
first
used in these games, such as the chess¬
raw
plastic material.
The containers, cases,
parts are fabricated from other raw materials
outside sources.
made
are
other
It
checkers,
PURPOSE—To
'
Clinton
BUSINESS—Company
1945.
An
Inc.
41,211
and
agent
was
incorporated
in
New
engaged in business on April 1, 1946,
on which date it
purchased the assets and goodwill of the Hyproduds
Corp., which had theretofore been engaged in
York
men,
grain, materials, prod, and supp.
In
expenses,
,
,
42,604
240,004
Total
2,578,435
and advs. to affiliates, at cost
1,124,387
etc.—1—————/
888,854
^Property, plant, and equipments—16,301,874
Patents, at cost-less amortization
;-s—-—
600,917
Trade-marks, trade rights and goodwill-10,145,506
Prepaid
,
'
././•' i
'
■
://
$97,904
t$2 cumul, partic.
11,439,741
net
Canadian
36,7^47
'
-iS'1946
receivable,
•
194,603
l
30,347
Other
,
and
•" '
$934,604
nations
7,510
—
Accounts
J2L'
283,801
■
153,159
^
12,319 '
a
'
*
'■
1944
185,719
w
4SJ280 *
charges
payable
to U. S. Govt,
Liabil.
[Including Domestic and Canadian Subsidiaries]
ASSETS—
Cash
252,267
,
214,546
Patents
Jong,
CONSOLIDATED
of
Outstanding
117,390 shs.
2,623,324
..
for
$234,526
223,203
inc. and
profits tax____i^'
Prop., plant and equip, (net)
557,045
Crl,600,000
-*•
Surplus at end of yr.
company
•
..
.
for
reserve
cur¬
1945
$599,545
—^.1—
/^refund of fekcess
.
include
'
43,500
of
(less
profits tax paid
(less $3,800
credit
223,960
•
•
for
increase
stock.
sale
1,074,648
19,903,272
1,074,645
shrinkage—
Other reserves
meeting of stockholders Oct. 7,
was
changed from 8,500 shares
1946, the authorized
<no par) to 125,000 shares (par $1); and the 7,389 outstanding shares
<no par) were reclassified into 73,890 shares (par $1) on the basis of
Giving
1946
(net)
for refund' of Fed.
reneg.
(net)
Accrued Federal
581,492
5,401,431
14,501,841
anns.
res.
profits tax
excess
orofits
,
prof;-tax. paid In prior yrs.;;r
Due^fromWS. Govt, for post-war
'
advertising
$44,117
excess
,
receivable
Inventories
1943
appropriated
surplus—reserves:
to
excess
SRefund of
$136,669
Claims
30
Transfer to
invent,
$49,665
of $336,506.
$934,604
$1,256,082
$925,979
Treasury tax anticipation notes of $150,000., tReprW
no par value in
1946, 16,078 shares in 1945
and 16,637 shares In 1944.—V.
162. p. 1896.
3,147,989
dividends
Addition
25,000
10,882,696
16,155,660
retir.
36,033
8,835,804
466,765
6,471,051
dividends
service
$161,634
.
585,325
22,626,711
Common
v
$27,368
ASSETS^..
,
Accounts
HISTORY
Drl0,378
$117,293
tax
surplus
Preferred
,
12,173,807
charges—
Total
Past
$105,950
34,197 /
50,000
,
(less post-war refund, $44,413)
profits tax (less post-war refund
Cash
$1
without
JUNE
♦436,989
profits tax
excess
.jfexc.
ENDED
1,622
-
;•/; 837,415
3,191,398
3,518,915
Previous
25,236
$142,015
32,734
25,000
31,120
25,000-
$600,245
2,737
.
t242,169
Earned surplus
4,083,238
2,270,335
Net income
i 22,697
//
Crl5,BOO
plant—
month
1944
647,388
fully-
facilities-
war
sale
on
67,017
exceed
Subsidiaries]
12,759,132
$135,435
27,273
/
a
not
6,287'
$350,856
13,534,553
.449,698
$112,738
.
on
~--_
Net profit
Profit on sale of
loss
$193,240
24,830
4.
do
3,468
14,649,578-
13,274,322
♦Other
86,767
$582,718
17,527
BALANCE SHEET, JUNE 30
foreign taxes:
Excess
14,768
/
$344,569
12,436.907
opers
I Income taxes
$94,751
12,216
$540,165
1943
$669,485
.
15,295,513
income
'
Other income
Federal
Class B stock
charges
1,598,701
of
17,468,671
—
income
Fed. and
295,702
;
73,310
$45,432
Other
Total
$2,007,141
1944
prior year, due
•
^
Income
1943
$1,757,816
1,311,891
315,857
$181,024
profit
Operating
1944
'
•1
$1,817,797
1,407,189
•-.J.';
extra
$417,880
99,154
dividendS-M-L—.
credit of $37,389)
a
sented
—Years Ended December 31—
Aug. 31,'46
sales
»'
of
shaje
per
ah
1945
$543,634
20,817
§Cr31,700 ;/,$380,802
.-
rates
-
SUMMARY OF SALES AND EARNINGS
Jlet
-
Corp.—Output-
.
$2.50
year,
$639,320
LIABILITIES—
1945
of
84,823
to carry-back of
for normal tax and surtax). •
-?■
YEARS
Canadian
total
a
$23,163
9,430
rent
154,831,183 151,083,671 142,647,173 122,178,665
124,925,605 123,614,351 119,161,791
97,761,416
sold
Selling, general" and ad-
In all of these fields the company has
pioneered new designs, many of which
and
1946
"v.
has expanded and now
including:
lopping shears,
make
Accounts
FOR
ACCOUNT
regular
a
dividend
income,
$14,534
8,628
in
Quaker Oats Co.—Annual Report—
company
will
Total
INCOME
extra
an
dividend
1946
income
♦Includes
the
CONSOLIDATED
stock
common
and
cents in 1945. Last
26.—V. 164, p. 1728.
Class A dividends
reduced
output of the operating companies served by this corpora¬
week ended Oct. 5, 1946, totaled
159,074,000 kwh., as
compared with 174,006,000 kwh. for the corresponding week last
year,
ft decrease: of 8.6%.—V. 164, p. 1728.
extended
also produces
4a
number
of new
lines,
pole
pruners
and
one-hand pruning
shears; one and two-hand sleeve pressing
tools for making power and telephone line connections; automobile
tire chain repair tools; automotive body repair hand tools; and auto¬
motive body
-
Electric
tion
Bolt cutters were the sole product of H. K. Porter,- Inc. until 1933.
that
U
charge.—V. 163, p. 1575."'
162 02
$99,357
...
charges
Class B
to
japidly into other fields and the number of styles and sizes increased
to meet new needs.
At the present time a bolt cutter is a standard
mechanic's band service tool widely used in all branches of industry.
Since
Mr. Boswell said.
Those whose bills
allowed to use jth- added kilowatt hour
Public Utility Engineering & Service
way
'
on
reduced,
additional
and
of $399,717.
"(Includes Federal excess
of $23,050) of $207,469.
JIncludes Federal
rates
HISTORY
the
cn
90
Oct.
oper
and
'
dividends
on
Prov. for Fed, inc., taxes
$9^6,549
'
1.923, in Massachusetts. It was a
turing busine'ss started in
1880
%
par
share
per
interest
against
as
paid
income
Income
'
$2,000,000 for commercial and general customers.
John
E.
Boswell, President of the Commission, said.
Residential customers whose monthly bill exceeds $1 will find their
Transfer Agent? Old Colony Trust Co., Boston, Mass.
cents
from
common
year,
was
from
Gross
$1,222,030
265,481
|
Board
follows:
$2,652.00
$50
declared
3
15
other income
1,019,692
Jeffries & Thorndike, Inc. and Minot, Kendall & Co., Inc.
on Oct. 8 offered 43,500 shares of common stock (par $1)
at $6 per share. The issue has been oversubscribed.
-
above
this
Profit
Jersey has announced.
is
-
company
$2 241,722
$2,203,971
this
of
of Sept. 30, i946, the
outstanding securities as
as
Randall Cd.«—-Annual Statement—
'69,917
Public Service Electric & Gas Co.—Rates Cut—
elected
;;
■
$2,171,805
985,074.
6tock„—_______
common
of
share
per
cents
30
multiple declarations, 1946 makes provisions for six months
dividends and 1945 for eight months dividends.—V.
163, p. 2998.
~
Oct.
on
dividend
Gross profit on sales..
Sell, and gen. exps., etc.
199,271
J-;.V-
-
'
plus a dis¬
tribution of $1.50 per share from
gains realized on sales of securities,
and on the preferred stock the usual
quarterly dividend of 50 cents
per share, all payable Oct. 28 to holders of record Oct.
18.
//>■/: ■'
♦Due to
*
directors
47,334
stock
'
V-.N/'
its
of
Years Ended June 30r-
$2,403,242
applicable
carriers—express privileges.—V. I63^
28.01
974,029
—
—
744,668
111,289
57,429
55,949,973 102,925,561
6,746
v
3y4%bond
937,595
2,362.103
$3,388,316
and
5.584,031
769,606
12,363,788
preferred share,
95,671
income
interest
conv.
980,398
$3,256,706
131,610
•
M
,
share
902,520
revenue
other
coverage
Trust
cum.
cents
40
various
instructing
been in
Colorado
and
1,480,796
-
profit taxes
State income tax.^.^.
excess
V
K
.
.
income
Total
*
Pa.,
asset
collateral
The
in
said
reversal
a
net
quarterly
1946. • ,
1945 :
$12,691,079 $12,938,142
^5,405,753
6,061,312
569,236
383,964
income)
and
operating
Other
Gross
committee
It
en
income
Provision for
under
lines
(other
Federal
at Philadelphia, Pa., on Oct. 1
U.
a
,r
:
Provision for
Pittsburg Shawmut & Northern RR.—Court Dismisses
Hotion Filed by Citizens' Committee—
The Third Circuit Court of Appeals
:
,
operating revenues
Operating expenses w:
.
Declares Extra Dividend of 40 Cents and
Special of
$1.50—
:
1728; V. 163, p. 2446.
Gross
fDebit in August, 1946, was due to carryback adjustment of $129,745
and credit in first eight months of 1946 was due to
carryback adjust¬
ment Of $671,465, tDeficit.—V. 164, p. 1250.
dismissed
30,196
Public Service Co. of Colorado (& Subs.)—Earnings—
.....
,
t$371,354
6,872,412
Based upon market quotations
/
■
reports
4%
$3,921,750
to rail
,
v
/•'/
^
common
income
rev..
11,383,528
,r.
107,688
9,984
—
1728.
Per
1,311,468
.<
Railway & Light Securities Co.r—Asset Values—
$2,626,081
.
and exc. prof, taxes
transports
1,374,724
•
-
■
111,193
-
deductions
Per
$5,233,218
$
35,569,723 242,620,281 265,352,025
21,716,777 174,405,885 152,040,338
"debt
;2,512,167
deductions
Net
1946-^7 MosAl945
f
'j '
32,755,592
24,161,551
1,600,452
♦Payments1
35.802
••
.
inc.
&
Other
p.
*.«»,« -t W. .jwv'r
Subs,)—Earniiig^
503,948
Iht.y&.dis^.^n
•
(&
1946—Month—1945 '
$
$ '**■
expenses..—
$4,936,047
-
including $100,000' currently due..
stock- .and •>2,447 ;sharesc<>t
163,:^. *1(578.
> -k /
preferred
32,251,644
taxes
2,454,506
!
§Not
less reserve.—V.
35,182,075 238,101,085 262,520,448
.387,648
3,519,196
2,831,577
revenues
Operating
Express
% $5,197,415
;'?v
reserve, for possible, lossqs :ot
for depreciation of $17,358,118
reserve
income.-
&
revs.
Total
an
been
1945
;
789,947
*
$347,201
$313,023
depreciation
income
-V. 164, p.
income
taxes
taxes
193,132
Gross
$399,407
deductions
;■
Total
for
Dr366,725
•.'a
•
.
Other
$23,685,264 $22,793,539
11,295,329
10,206,120
1,4487,723
1,239,691
1,628,794
M,657,134
1,621,497
2,242,379
operating revenue
non-operating revenue
Total
.
Total income
Misc.
$1,905,923
150,122
$395,975
income
income
at cost,
Perlod End. July 31—
.•
Per
Net
Net
than
for
16,155,660
Dr307,997
15,210,000
$80,567,22(5 $81,795,320
tAfter
tAiter
Railway Express Agency, Inc.
which 220,000
66,000 will
p. ,13.
of
1946
Total
$2,569,185 $17,141,826 $21,951,202
2,294,529
18,613,347
19,107,721
$2,853,147
2,468,645
18,000,000
18,362,863
J
market,
pro¬
12 Months Ended June 30—
1946^-8 Mos.^1945
1946—Month—1945
or
years.
1945 and $17,919,811 in 1946,
lIRepresented by 892 shares of
common
filed
Instead,
.preferred -.stock twill
of
of
in
Potomac Electric Power Co.—Earnings— >•
Pittsburgh & lake Erie RR.—Earnings—
Period End. Aug. 31—
852,815
.
,
18,000,000
15,210,000
par value)
—
lower
♦Rail
*
no
250,000
4,657,510
894,027
————
$1,138,346 in both
shares will be publicly offered at $7.50
per
sharte and
be sold to Pacific Associates Inc. at $6
per share.—rV.; 164,
$94,682
(702,000 shares of
Chgs. for transportation;
eliminates' the
debentures.
convertible
The
150,000
4,657,510
(par $100)
-Total
>•
amendment
convertible
5%
share.
per
1946-1954)■•-•_•*—4,500.000
llStock held In treasury and reserved for
empl._
Registration
•-•'.•
-•
amended
last.
$1,250,000
60,000
at
increased
;——Hr
Balance
Transit
company on Sept.
the SEC June
14,
posed
24,000
36,000
(Ore.)
Statement—
$265,985$l24;30t
'
5,625 • ' f ■ 5,625
r—1
-
;
—V.
$585;134
79,352
and
Net income
Preferred dividends
A
$533,627
———-—
—
charges
discount
10,000,000
contract-——s—:'
stock
46 246
270,000
10,000 000
j
■
to
...
Total gross income-
*
1964--—
inventory shrinkage—
1-—_
for insurance and other
contingencies
preferred
Earned
(due
2,855^719
14,337
,
1,317,992
—
due
$2,792,721
3,006,298
-
for
Common stock
in each
year
1%%'
purchase
Reserves
mortgage on
at Somerville,
reduction of the
per
notes
Reserves
first
a
:
consolidated
not
payable
2%% debentures,
20-year
company
the
liabilities—
affiliates
Serial
mortgage
$350,000./maturmg
interest
plant
will
commitment
a
such
accrued
-
$2,817,894
taxes_-.r,; 6,503,030 **""6,512 651
Dividends
company
u .■ r
^
—-i-
—:.s——
Canadian Income
and
reaeral
to
^
payable
Actlhea
maturity, which sinking fund
would be payable
annually or semi-annually. In addition teh company
would be obligated so to
apply a contingent sinking fund equal t'o
25%', of the net income of the company in excess of $25,000, but pot
to exceed $25,000 in
any one year,
such amount to be payable on
each April
1 beginning with April 1, 1948, withrrespect to the net
;'
income of the preceding fiscal
year. Company
would-also have .the
option of so, applying the excess,- if
any,
of 25%/- of net' in'cbme .6^
$25,000 in any single contingent sinking fund year.
•'
ft: $54.6,942
5d,71Q
——
■
such
on
amount
property,
year,
75,111
2,500
.
,
$482,917
ii
Life"
Mutual
has
'1:
LIABILITIES—'
1,2
LOAN^J^'.'T^^J ^
Company would be obligated to apply to the
principal of the loan a fixed sinking fund of $23,333
82,388
•
66,551
2,619
—
'feV
,f
f.
82,569
,,
earnings :
Other
912,521
271,699
^
—.,L—-
.Operating taxes «*—'
depreciation
iDther charges '.llu.-..——
the' cbftipany's
of
Mass.
• 1945
$1,850,482
:899,112
244,429
1946
i.
.
Gross
Insurance
mortgage loan
if
loan
principal
-
the
propose,
the-mortgage
the
■
that
warrant
ever,
or
//•••:
but the
company
cost
.
company has been advtised by
York that its finance committee
the
the
has not as yet made a
firm commitment and the
company does not in any manner represent
Philadelphia Electric Co.—Weekly Output—
y
to
,
MORTGAGE
The
New
toeek, ended, Oct.' 5,
of: 10,855,000 kwh.,
.PROPOSED
(25c
par)—
-
7%
-
:
,
;./,
for
THIS
full-scale
,
pro¬
OFFERING
Authorized
1,000,000 shs.
z
Outstanding
165,5,00 shs.
♦Initially, the authorized stock was 100 shares (par $100).
Qn
^
Aug.; 1, 1946, the capital stock was increased to 300 shares (par
$100), the 200 additional shares being subscribed for by the original
stockholders.
On Aug. 7, 1946, the par value of_the stock was again
changed
by 'charter amendment,
1,000,000 shares
(25c par),
each
285
shares of 25c par common
stock - for
each4 share of $100 par stock theretofore held,
85,500 shares being
then outstanding,
with a paid-in aggregate capital4 of $21,375, and
a
paid-in surplus of $8,625.—V. 164, p. 1763.
stockholder
receiving
'
THE COMMERCIAL & FINANCIAL CHRONICLE
1914
■
Qunrtor Kn/Jftri
incl.
sales
Net
.Time 3&—>
...
costs
billable
1946
.
and
feo#
in
1945—
the
contracts
underc
months
Interest
Divids.
June
ended
and
30,
discount
three
$29(020,334 $32,995,452
.—
—»————i.
1
66,172
•
Cost
of
sales
including
cost-plus-
under
costs
16;723
■
.
amortiz.
•United
&
debs.-;-exc. profs.
on
expenses
foreign
States-and
taxes-'
■
of costs
&
inc.
—--:
Net
months
to
use
Tt. S.
the
8.
U.
• - •
:
advances
Commissioner
State Industrial
Y.
;
—
accounts
"
153,770
350,275
154,921
——
—
and
.739,295
2,646,522
—
—
„_
N;
Miscellaneous securities
861,353
—-—
(net)
Deferred charges
Goodwill,
patents,
Total
,
LIABILITIES—.
Bank-
'
•
•'
S
'
loans
-
—
&
Debentures
Dividends
U.
on
S.
taxes,
tax
'
Cash
For
etc.
foreign exchange
contingencies"
For
406,851'
=
fluctuations
1,085,534
8,024,502
4,588,000
1,073,000
689,344
:185,294
177,896
190,667
1,056,468
2,657,675
„
,
19,351,000
2,561,874
20',370,000
2,561,874
2,018,515
Capital-surplus--—k—.;-.—-*-7
6,695,526
pat)
$4.50 preferred stock, ($25"
Common stock ($1 par)
Earned
2,521,819
2,853,015
3,394,018
funded debt
Total
—.
paid
period—
the
per
on
surplus*;19,589,048-
14,993,977
$74,595,311 $71,626,754
U; S.
tax
corporation- Oct. 9 filed with the SEC a registration state¬
covering a proposed- offering; of 100,009 shares of convertible
preferred stock ($50 par). Hayden,- Stone. & Co. and {Kidder, Peabody
r.; & Co; are named as
the- principal underwriters and- the dividend
rate, conversion- and'" redemption-prices will be filed by amendment,
i
Proceeds'' of the issue, together* with additional' fuhds-to be ob¬
tained thrbugh;bank-loans, will be • used during-the- next three yeats
to purchase' additional ' machinery/ and equipment- costing1 -approx¬
imately $4,500,000. ahdr for expansion- oft the corporation's subsidiary,
Air Cooled^- Motors,' Inc;, at an 'expenditure- approximating# $1,000,000.
:The corporation's -bkekiogtof - unfilled- ordefs on Aug. 31;.; 1946' was
stated* to be- in excess, of - $78-000.000; over 60'%/ of -which wast rep- ;
reseated- by; government: order*,": principally# for* the1# F-84' Thunder jets.
This plane is regardedr as the most advanced1 plane of- its type nd w
in production in this country. In test flights.- it has developed speeds h
over 600
miles per hour- and'' is believed-to/ be the world's fastest
fighter airplane. Otherf orders on hand include contracts- f6t the pur¬
chase* of the
corporation's deluxe passenger transport plane; the
"Rainbow," for air line- use with a. specified- cruising'. speed" of - over
400 miles per hour. To- date 20 Rainbows: have/been ordered1 by Amer¬
ican Airlines, Inc. and six by Pan American * Airways; Inc. which,
together with'spare parts,- exceed a cost of $30,D00;PQ9/ , ..
The corporation also has unfilled- orders. ojftv hand' approximating
$1,200,000 for- the "Seabee," a four-place single-engine- amphibian air¬
plane designed, for private: and. general, utility; flyingi This plane is
unique among small private planes in that it can alight on, and-take
off- from, either landyor1 water.
„
„
.
-
"
,
-
Preferred; IsSH^y and Increase of Common Stock
outstanding
amounts
at * present
tp,?' 986(406-
shares.—V.
paid on April 30 and* Jufy- 31, last while/on Jah. 3L 1946, a tegular
of 5 cents and: an extra-of 5 cents were/paid.-—V.' 162, p. 2189s
.
Rochester' ^ Lake,
Years Ended June 3Or-.
Operating revenues
Operating expenses and
Ontario
Service- Corp.—
Waten
1946
$695(937
»,
taxes-,
^
earnings
$172(580
38,-
j
deduction^
524 903
,
Inventories
.
$l72,619-f
19
37,098
$190,809
40,457
$i36i52<i
•
-
assets
p;
100,516
72,900
$150,352
23,214
290,401
profits taxes
accrued taxes
411,930
347,195
483,000
and
Res.
on
378,216
Fr^cfec ^
Maint. of Way
Maintenance
of
Ry^Earns
1(232,908
1(703,839
3,583,461
600,150
equip—
Transportatibh' expenses
Othfer expenses
Rheem
Manufacturing;
Withdrawn—
Co.—registration
.
The company has. withdrawn its registration statemerit (6550), filed
June 26;/ covering 200,000 shares of common stock (par $1).—V. 164,
p. 322.-
Royal Dutch Co.—^Unit to Acquire
Interest§—
'
^
See
Ba/ber Asphalt Corp. above.-~V, 164j
p.
Venezuelan Royalty
1125.
,
,
Ner ry.
Other
expenses-
income—
oper.
System—
11,217,097
1,858,255
3,398(140
13,669(288
27(659,640
562,611
1,131,543
IhcomO
'L—49)550-
Total Income
,
RoyM Typewriter Co., Inc.—Official Promoted—
available
fixed
charges
164, p. 1763.
4/889(893
.
.
.
42,557.084
1,199,799
12,905,548
11,074,081
2,551,858
tax
2(520,000
for
"
;
12,051,203
share
12,712,401
15,364,206
$1.00
—
$1.06
excess
-
$1.30
shares
(no par)
•
' ""
-
-
be
used
common
for
Net
■
-V.
* •*
- -
Balance1 before
Total deductions
."-.'.C;.
Net-
['■.
'104$
1946'
$1,168,915
626,367
—
deductions—
/
inc6mk-'-iii--ii—
on preferred stock—
—
,
35,626
.
-
Balance;' available fdrApdhitoon ktockii—-*»
428.
oper.
income
12(982,404-
.
its
intention
to
•
ffled
Total
with1'
the
$277,803-
income
Prov. for taxes on
' $180)599
Shares5
rates
$388;
cities
inc,«,
and
will
to
Prestwick
to
be
will
be- $305;
Stockholm, $405.
$550.70, $696.50,
to
Copenhagen, $386;
fares between
and $730.70 for
Round-trip
$700.10
Copenhagen, Oslo and Stockholm,, respectively.
'
to Prestwick, has been reduced t6, $1.11 per pound; to
$1.40; to Oslo, $1.41, and Stockholm) $1.47.
The Scandinavian Airlines System was formed in late summer by
the -Danish Air- Linles
(DDL), the Norwegian Air - Lines (DNL) and
th^ Swedish Intercontinental Airlines, (SILA) to "pool the resources
of the three conipanies to* operate trims-Atlantic routes.
'
*
' : /
The
system, is currently operating twicfe weekly flights between
LaGuardia Field-and the Scandinavian cities,-using new Douglas DC-4
planes modified to seat only 28: passengers,' for comfort's sake..'
:
of
stocks
coin,
Schick, Inc.—Executive Vice-President Elected—
on
$5,023,045
96,277
.
,
95(074
it...
—
$2,420; 163
82,146
$4,660(208
209,609
$5;118;719
836,100
881,400
164,292
1,684,700
$1,501,917
$3,469,197
$3,269,727
981,348.6
981,348.6
981,348.6
$3.53
»$3.33
,
.
.0
,
$1.53
$1.87
;
.
5
President and-a-director'of* Schick
Oct/ 7.—V. 159, Pi 1597.
Inc;
He
Mrs.
.
V
.
'•
-
/
;
named
the
defendants
as
officers
-
&'Dominick,
the
and- directors
underwriters
of
emptiva rights to purchase a pro rata share of a new issue-of stock.
The plaintiff*s interest' in the corporation arose from stock inter- j
ests acquired from the estate of her husband, Henry H/ Law.
'■*/.//;<? -f
The defendants
argued that the plaintiff lacked legal capjacifjr
beacuse she was not a stockholder at the time the transaction com-
of took place and that the equitable or .beneficial interest
claimed did' not, create a stockholder status to warrant1 the actions
alleged in the complaint. ~
/'^
/'■ //'In dismissing the action Justice O'Brien ruled that the language of
the Stock Corporation Laft clearly gives preemptive rights; to *'holders
plained
record
of
shares."
He
added.
'Plaintiff
is
hot
such
and
even
if
action1 of- the * corpbration in refusing, to "transfer the: 100»-share
certificate / (acquired- subsequent to the comihehcemehV of this aetioh)
.
improper; plaintiff was
the meeting-at which- the
was
Of
■
-
;i. the
assumed' hls
-'i
Kehrieth* bvBrIeh in*-New Ybfk: on'Ocir 1
N.
.
•.
'
Law
and
Dominick
•
.
Schumacher Wall Boatd,4 06tb.^Mfergedr«
'
stockholders'
directors of the Carpet cottiofJ Morgan Stanley '& Co. apd
the financing prograni.5 The
complaint listed three causes of action; two being brought, in, a
derivative' capacity, and- the third charging deprivation of he?'
pr0r
pany
•
i
S^ Pararfinc 'Cos,^ Inc;, aboye:—V; 163/ p/1576. ;
a
Manor,
suit brought-by Mrs. Gertrude W; LaW bf
Y.» against this compahy, In which she sought
{ to recover $1;502,812 In connection with the sale of 50,000 shares
of cumulative, preferred and 156,312 shares of common stock of the
company h*& refinancing program*. /
•
?
Geoy Av. Gr,aham, former Vice President and1 member of the board
directors1 Of- tne Gillette Safety.-Razor Co., has-been-elected- Execu-
Supreme* Court-i Justice
dismissed
Briarcliff
>
,.
duties
.V.
''
(Alexander) Smitb & Son$ Cairet'C<M^ui#Pi$mi$s$d
Board
cargo
'tiyte,:Vice
$4,464,929
-
*86,299
492,600
$1,840,895
inc. per share—.is.1 *
,*Deficit/-^yi -163, p/ 3424/
,
Copenhagen,
of
$2(506,453
outstanding981,548:6*
>
C3vU" Aeronautics
.
four
.1,907,000
reducfe
:
Oslo,
2(863,114
2,108,000^
•.
35,626
passenger and' cargo tariffs between this
city and Prestwick, Scotland; Copenhagen, Oslo and Stockholm, Tore
H; Nllert, U. S. representative for the
airline, announced last'week.
Under the change, which became effective Oct. 12, Mr. Nilert said,
to
3,502;569
-v'v-:j
989,000
;
$2,438(127
■Interesfo./.eto.^-.tti.j.^*:^. >104,632-
$222(225
.
/
nb.ticS
Mos.—1045
23-,987,377'f' 2O404;844
1,464,969
■
(Scahdlri6tr)—X9 ^Re¬
.-
This company has
of
1946^-6
10,757,729
1,883,289*
$2;417,839
;
20,288r
^
Scandiiiavfah Airlines
.
1946—3 MCs.—1948
Net
duce Fares—.
.
$18,435,532 $15,718,151'$34/O82;875 $30,288,003
—-
1(152,000
:
1
338,254
-$a24/6l4?:/./$685,ria
-Net income———^
—V. 164, p.
r
$1,189(045
102(2^85
/
'/
655/414
1638-.
Net opei1;* Jncome-iAii
Other income/inet)--i.^
6;925
$313(430'
Dividends
p.
Bxploratorycpsts,delay.
rental^ : etc.^«i-^:>,
.
-v-
■
income
164,
Costs, oper; & gen. expl
Depletion & deprec—^
"
$357,576
135,351.:
234,273
—-i.a—____•
180(418
$350,650
$547,-703/
-:
•
$1,221,384-
a—
Skelly Oil Co. (& Subs.)—Earnings—
$1,044,044
693,393
^$542,547
5/156
——
^J"" *
'
income taxeB_i--;.i—
Period End. June 30—
GrosS ptefit'
income
Fed.
earnings.
Gross
'
——
est.
,1045.'
$3,952,652
1,743,326' 1,495/870
2O8-,870c
" 155,610
295/440 •/
291,897
404)763 ;
481:975
other than Federal income taxes:.--*.:.—
for
1946; /..
.
$4,144,712
/0ther incdnie^net/.-^--4-/^t-^//l63^i02i
Int. ch$s.,-special chgs. etc; deductions
559,871
Wo'rks^-Earnih^s-^-
12 Mos. Ended Aug. 31—
Operating- revenues —:
Operating expenses, depreciation & taxes
fejsct
capital.
Offering price, $26 a shaxe^
purchase of equipment, busses for- trans¬
of-supplies ahd-personnel-and other iteims.
•
',//
will
$2,370,179 $12,356,142
!
-
,$0l76
.
profits tax.—V. 163, p. 2769.
Maintenance/yr
Provision f6r depreciation
v
Prov.
46,318
■
,
$1,414,585
9,536,952
on'
___—i-
Operation-
/ 4,405,318
36,410
'
'.
5,000,000
1,500,000
Sioux-City Gar &
.
4,657
1,117,677
4,605,230'
1,287,415
18,250,000 111,500,000
4,600,000
890,509
-
deprec.
facilities
stock
27,379,743
28,270,252
1,431,089^-1,721,177
11,474,374
10,894,446
Operating/revenues
26,120,268
in
sales.—V; 163, p» 3291.
42,192,979
,12 Months Ended Aug., 31—>
.
10(660,381
14,132:328
$7,261,085 $57,435,918^ $55,318,295
1,378,Hi
1,959,127
12;100;942
,> '41;13i;447,462; < 301,518
3,732
"
—$i,177,361
San Jose Water
Fottune Peter Ryan was recently- named Assistant to the? President
Mr*; Ryah;J Joined the Nfew, Ybrk ' sales-depaftm'ent of thfer cohipahy
1934.
Subsequently he served* in/ the-' Standard 5 MAchirie- Sales
Department and as Assistant/- to/ the/, Vi<i5 President in charge of
amort
addit'l
war
Net
Balance
—V.
t/
of this company, of'which "his late
fathfer, Allett'A. Ryan> .once was
President and' which his grandfather, Thomas; For tube Ryahj founded
In 1904.;
'
3,305,455
?
/
,
39,251,629
1,275,371
31,576,180
1,299,038
——
Income
Proceeds
$1?181,093.^ $1,419(242>- $2;406,589r $12,402,460 *
Deductions from income
V
40,917,608
holes
dry
for 826
1946—8 Mos;—1945
1,442(079
$7,120,446
1943
;
.■*
*
■
Six Nations Baseball & Amusement Club, inc., Flush-
•■•/
■
By next month the line- expects to increase its- service to three
schedules per week oh its North Atlantic routes. Mr. Nilert said.—
V. 164, p. 960.
-
$r
—
Air
Statement
and
for
Taxes
Total'oper.
[
in'gf# Ni Y.—Filds WitK SEC^-
$9,787^330 $18,267,155 $63(440,477 $81,704,634
Stftxcs.
1959.—
JetteqtPt nqtificahoh;>
"
1946-^Month—1945/*
of
1944
$
1,526,363
(net)
income
portation
St. Louis -
1945
30,049,817
—
tlncludes
Prestwick,
1
—
common
$42,965,498
.
Period Ehd. AUg. 31 Total operating r6vk.—
to
up
*
1946
....
t""n
notes due
inepme
Net profit
Earnings per
483,000
$43,171,394
16,372,12$
:
■
totaling $13,623 being paid for Z'/o
V. 161, p. 2489.
income
Federal
255,604
;
19,754,565
p"~2299~
last, and on March 28 and
Co.—Sells
and deplet—
Cancelled leases, aband.
800,000
19,754,565
15,554,520
:
378,216
;:iEarned'Surplus;:^j(W„^^^*--**tiM^»iri^^-s;^
1,
3118.
162, p.
Deprec.
236,977
>
800,006'
—/'•■•o
;
the
on
group
oper.
Total
;
253(284
1,929,348
222,774
229,276
'
■
Aug.
made
were
162, p. 3119;
Other
.
Confihgenfetes
Capital stock (par $10)
163;
S
1,759,030
Deferred prospecting, development and explor.
the
3144..
a
Profit
;-V
$2(322,442* $3,097,212
Injury claims and workmen's liability ins
Employees' life insurance and retirement
#1'
1
181,245
Wages payable
•
each
cents
25
$
$43;171(394 $42(965,498
Capital surplus —
[
convertible
177,547,517 218,500,792 200,358,409 149,190,643
Costs, oper. & gen. exp. 147,497,700 177,583,184 161,106,780 121,810,900
6,600,078
—
Accounts payable
Due foreign subsidiary not consolidated
,*•-
of
and
27
cumulative
Bank
took
$1,113,000 notes and Brown Brothers
& Co.
took $371,000,
terms in both instances* being par
obligations due up to 1953.
Metropolitan Life Insurance Co.
$1,137,000 notes and Mutual Life Insurance Co. took $379,080,
Gross
; LIABILITIES—
*
March
on
$3.50
value, both payable Nov. 1 to holders
par
Payments
6 Mos. End. June 30—
.
11,969,336
198,267
——
no
the
oil
National
Interest
Total
share
per
Sinclair Oil Corp. (<& Subs.)—Earnings—
112,256
6,018,915
6,151,576
,
:
V.
695,180
•
4,983,850
11,909,285
:
Prepaid insurance, taxes, royalties, etc
18.
stock
premiums
4,292,749
32,850
119,998
(net)
Miscellaneous assets
Oct.
1945.—V.
7,
took
6,000,000
352,735
695,180
advances
and
capital
the'passenger
Netv income^
163,
refunds.
(val. not in excess of market)
Investments
Total
made
distribution was
for 2Va%
31, '45
$5,407,255
1,230,000
(at cost)
receivable.
accounts
and
similar
A
Harriman
—
Other notes
5.
p. .14.
Serial Notes—The company has
of banks and insurance companies serial
totaling $3,000,000. Proceeds are to be added to
working capital. /'
.v
:
—
$190,789
.
record
Simmons
$1.38
•
$7,442,031
income tax
Oct.
'
Oct. 4-' declared a dividend of* 25 cents per- share
stock, no par value, and the usual quarterly diyi-
cents
87'/2
sold to
1,955,680
$1.12
Govt.—claims for
1943- '
$715,692
523,357
-
-
Total 1 earnings
■
./
S.
-
—■Vs
1,975,456
banks:
in
anticipation notes
Non^operating
Republi6 Investors ' Fund? Inc;^6--Gentv Distiributi<rti:=-
Income
1,975,456
$1.44
U.
The. directors- have declared a dividend, of 6 cents per share, pay¬
able Oct. 31 to stockholders of record Oct. 19. Like amounts were
.Net
and
164,
s'.
quarterly-dividend of 15 cqhts
value common stock, payable
a
par
notes
profits tax refund bonds
7
Accounts receivable—trade (net)
'1—
4,070,691Due from foreign subsidiary not consolidated—
:
164,
> 1763.
Other; income
20,445
$2,697,084
-
1,975,456
$1.41
record
1
on
common
of
common
•
at &n« adj ourned, meeting held Oct/ 7. approved- a
proposal to authorize a new issue: of,; 200,000-shates ,of $50 par value
preferred stock and to increase the authorized common stock1- from
2,000(000 to 2,500,000'- shares. The 72,000- shares? off convertible pre¬
ferred stock authorized- but unissued have been cancelled-. Common
■:i
,20,062*
$2,225,287
excess
The* stockholders
.
25^440
$2,845,384
S.
The
stock
18,800
of
last.—V.
no
~
Cr66,902
1,840,000
S. Treasury certificates; (at cost):—5,660,000
..
■t\ New
.$68,372'
842,607
Cr58,9li;
U.
Other
ment
the
Dec.
$2,793,061
Accrued Federal income and excess
164, pt 13/
•Authorized—
1,046,440
15,
declared
9
preference stock, series A,
June 30, '46 Dec;
hand
Reserves:
'
666,736
t
ASSETS—
^ Republic-Aviatiott' Corp^R'egisters
A
589,114.
$0.54
outstanding
holders
to
Chase
Cash
$65,495
;
*
Sharp & Dohme> Inc.—25~Cent Gonimdri'Dividend—-
'
share—
15
dend
during
com.
$105,921
f 40,426
:
Sept.
on
the
on
The directors
CONSOLIDATED BALANCE SHEETS
1,922,719
4,875,373
—
Total
"**—V;
$5,194,910
577,039
:
432,135
269,355
directors
July
of
847,732
divs.
tax—
share-^-
per
share
Get.
,
$618,935
:
1,630,000
818,197
...
For insurance,
;
-578,80^
refund
Earns,
1,252,865
8,704,834
& exc. profit taxes—esti.:
Government contract
—/
payable
Reserves:
The
per
$4,965,666
229,244
v.
$4,466,324,
126,065
Net inc. for the period
1946
31,
—
Declares Dividend of 15 Cents—
483,000
State income taxes
41,681,538
23,778,214
TeX.—Earns;—
Antonio,
San
QUARTER ENDED AUG.
Net profit after taxes
of
profits
excess
income
Earnings
398,623
72,638
311,832
$5,269,852
.238,004"' : 529,533
201,524
213,989
etc
92,226,017
;
Income
normal
Postwar
V;
1
$137*707
3,683,381
2,672,653
retired within one year
to be
$4,154,491
prospecting, t de^
veloping and explor.—
Fed. exc / profits taxesFederal
Corp.,
profit before income taxes
Federal
17,936,225
-48.27a
.
U.
inc.
foreign
Net
-
Defd,.
1,278,246
2,819,490
Esti. cost of redemp. of merchandise coupons &/
A completion of service
centraots——.—
S.
5 48,058
$4,968,147
301,705
7,943,
331,343
deprebietioni^/
Texas
RESULTS FOR
(Including Domestic Subsidiaries)'
payable
——Commissions, salaries and wages—.
Accrued taxes, int., insurance, rents, etc.——_
U.
Seven-Up
%' v
'
1
,
2,202,775
.
...
$4,099,121
'
<
Trade accounts
Advances
,
"395,889'
363,2721 '
$3,767,778
income.
29,297,899
12,873,858
7,084,580
-
19,378,863* .29,647,838
:
422,572
income—
Jotal^.-—,L-w,^i-^a-i^J-W-_jL-i=--l.'-^i-'-i-.i^:$74,505,3li'1'-$71;626,754
}
-
95,073,116
36,424,608
15,155,350
...
22;15k,168-
profit from opers.
Prov; for
8,758,454
13,755,964
--j*--1,871,368
etc
1
Properties
4
l,
Depletion -.i..—^
161,946
15,989,697
5,783(829
Rental; machines and • equipnient-v-^^.~i,-r:-—.■ 6,800,503
with
1944-
1
;/ 1,758,966
■
75,905,620
13,886,341
-
on
1,774,262
Reimbursable expends: under Govt, facil. cant.
«
-----Inventories -___^-.i_^—i^-—24,925,878
on-depbstt
h:.:!'V-f-
■
1945-
ekel.deprv
taxes1'—/
Other
-
Bonds
?"?•■::
'■
1946*
gen. and administratlve' expense"
-
.
.4-—*—.■
—
Investments and
>44.
A-
from
railway.
Net fronr railwayNet ry. oper. income
~W. 164; p. 1331.
Capital - stock and misc.
1945
18,189,319
and
contracts,
Gross
/■
Eeli.y
/'
three
,389,478 $18(203,755
1,678,582
18,754,636
contracts———
Govt,
profits tax refund bonds—
drafts receivable—
Unbilled' costs- and fees- on; cost-plu's-fixed-fee■
.
1,538,029
90,770,439
374,770
From Jan. 1—<
3,019,312
314,243
,-4165008
Dead Co^
deplet.)-ii-i.-i.4^i
and1-
Net
1946
oh
'•
'
•
.
railway--railway-—-.
oper. incomev-
from
•Net/ry.
41,029"
-
3,320,003
~
198,050
*41,523-.,,,;- ^ 854"
25,060
railway--——
Cost of sales(
$1,637,084.96 June-30, 1945 restricted
excess
Accounts
T3.114'
-
-
" ; ■1943,rf,.
saieSL^^i.^—$26;356,461: $24,760,340-$25;216,495 $23,373,152.
Net5
CONSOLIDATED BALANCE SHEET JUNE 30
ASSETS-
Cash incl.
Net
1945.
30,
ended June
$2,910,000- in
of
taxes
5,330
,
1943
19461945 ' - rs 1944'.
$8,280,125 $10,200,013 $11,091,811 $10,565,264
.4,615,776
1,035,466
2,911,777 ; 3,807,649
Gross from
^<$419,440
3,460,337
193,962
3,301,502
€M6S.Ehd, Jtlh6 30-^
3,366,114
$2,842,120;'. $1;368,667
profits
excess
from
>. I St. JosCph/
,180,970
1,902,595
—-—
S.
11,419
■
railway
v//•• *\,W-
22,221,950
5,997,215
198,715
.
U.
$454,141
$452,258
4Net ryv/oper, Ipcomeiu^.... *259,428)
"Deficit.—V. 164, p. 1637.
-
■
oper:" income^:
from
Gross
-
Surplus-"Including
railway
tdiie"RR^Earnings^:''
1943
' "
1944'"
1948 /
'
•
v
16,122,211
7,872,351
247,786
170,880
———
Selling; administrative & general expenses—-Prov. for deprec. & amortiz. of properties——
Int.
"
-
fixed-fee contracts in the three months ended
June'30, 1945
1946.
$461,465
From Jan. 1—r.'".;-
91,934
184,927
$29,157(945 $33,327,633
——
——
from
Net/ry;
55,318
U
54,715v.
from
Total
Gross
"
j;-Not;.from.:railway^a«^.rf//,;/i;50,179/;/-//;v;.36,43l;//^/:;;;42,614;r:::'');. 60,749--
■
partly-owned domestic corp.—
Miscellaneous-. income!^,..' 7
I
'/"August^-
1945
V
*
cost-plus-fixed-fee
Seaboard'Air
v?||/;RutlahdrRR^^afnitt^^/f§'i'/:;//H'
Remington Rand Inc. (& Subs.) ^Earnings^
""
Monday, October 14,1946
nor; - ^s 'she
artirv
re-'"
..It
-V.
a ^shareholder
a; shafeholder of recotd'at the time
claimed preemptive: rights Were abolished
not
at
thfe- tniie1 of'the commencement <of
appears;conclusively
163, p. 2999. '
that*
a
further
- -
-V
this
,
pleading*1 iS ' uhwaf- '
'
-
■
•
Nutntfer 4533
Volume 164
Soss Manufacturing Co.
Common Stock: Increased,
~
Southern Indiana Gas &. Electric
Created^
stnd New Preferred Issue
/•ri
THE COMMERCIAL & FINANCIAL CHRONICLE
•
stockholders, on Sept. 16 approved a proposal to Increase the:
authorized common stock from 195,000 shares (all outstanding)
to
275,000 shares* par $1, and voted to create an authorized issue of 40,000
cumulative
of. 5%
shares
additional' common,
convertible
stock
be
will
preferred stock;
reserved
preferred '.shares,
for
the
Prov.
.
Federal
plans to initially offer the preferred stock to common
stockholders at $25 • per;- share
through rights on the basis of one
preferred share for each five common shares held.
i .Tha National Bank of* Detroit and the Colonial Trust
CO., New
company
York,
N. "Y.,
turers
have
National
been
Bank
appointed
of
transfer agents,
Detroit
and
and
Manufacturers
the
N,>Y„ have been appointed registrars for the $25
cumulative convertible preferred stock.—V. 164, p. 1638.
\
r'
■»
x
i
-+
*'
"
Infc;
and
Water Co.,
Inc.-^Earnings—
Years Ended June 30—„
;
1946
Operating,revenues
Operating
*.<
Net
taxes
debt
(1,139,571
$1,692,547
$1,333,906
21,038
252,450
21,038
disct. »
.148
1,773
416
1,936
19.038
$72,186
$1,419,286
34,358
412,296
income
Net
*
;
Balance
-V.
:
$93,900
164; p.
:;; *Loss.--v.
$37,828
$1,005,990
Southwest Natural Gas Co. (& Subs.)
Period End. Aug. 31—
Gross
revenue
1946—Month—1945
$642,091
Operating expenses
for
Prov.
depreciation—
Amort, of plant acquir
tuition
adjustments—_
General
Fed.
taxes
income
Int.
and
106,484
of
121,219
$72,157
30,313
debt
$65,670
30,771
703
$34,196:
income
$485,777',.
reduction
in
Separately
Operated
Spokane,
exps
fr.
rev.
county
and
Other
ry.
order.
However, they
position as possible.
always
are
alphabetical
alphabetical
exact
as
near
Total
Net
Southeastern Corp. (&
•
% Period End. June 30—
Gross
1946—6 Mos.—1945
$ L,235,487
revenues—
oper.
Operating
expenses
Maintenance
673,070
—
&
Non-product,
well
65,452
Abandoned
General
income
taxes—
;-'S~•;
f '-Net
§Consol.
adjust.
(Dr)
124,581
24,475
^Consol.
operating
1*484
15,868
137,934
132,301
58,399
•Net
1,484
65,895
24,644
42,644
$260,557
$280,156
$473,650
income,.
1,498
1,804
2,506
interest
Gross
income
13,953,981"
Interest
tion
and
$262,055
$281,900
47,636
56,219
$476,156
$499,881
4,485,797
24,944,000
34,543,997
917,608
6,012,790
4,976,046
5,403,405
30,956,790
39,520,043
60,893
563,580
370,472
5,342,512
30,393,210
39,149,571
1,933,382
15,836,949
15,584,459
cos.
deduct., Southeastern Corporation—
58,634
income
Net
bef.
--
net
of
S.
received from
114,139
63,234
ry.
'
Net
$162,506
deduction
to
163,
in
$162,506
Federal
income
tax
Southeastern Grey hound Lines (&
Period End. June
-
TOtal
oper.
Total
30^-?■
&
oper.
from
*
Oper.
taxes
Gross
1946—12 Mos.—1945
licenses-
400,086
2,653,035
169,447
441,678
(net)—
31,931
28,659
Operating rents
Other
—Vi
i
167,220
11,277,305
f
•
650,708
1,871,310
:
127,536,
.
$1,368,482
13,022-
$1,928,876
$1,381,485
income—
income"
Inicome
deductions
Federal
income
State "income
$1,939,551*
$6,437,532
Earned
—v.
4,807
18,676
3,763,893
earnings—.
5,211,356
<53,457
55,224
•
Jan. 1 to
6,697,096
_
Net
;
$6,386,437
10,674
$7,155,582
51,095. ;
1945
4,788
517,913
tax
*
1,389,101
13,766
19,347:
$845,016
$526,294
$1.56
$2,601,505
•,
$4.79u
$0.9.7
p.. 1764.
•
.';Sv '..
Vyf\j ^y>;/ • Ay;-.
7"
.
$1,920,160
Splis.)—Sept. Sales Up 92:8%—
sales
$11,240,534
1946—9 Mos.—1945
.
$5,830,629
/i
t
'
d'''
1,', at
i
'Standard Oil Co.
v
$73,097,544 $45,992,605
'
V-f
'
hid! I,
•
163,
Southern California' Edison Co* Ltd.:
-Earnings^:
Encf. June.30!-*
1946—-3 Mos.»«~4945; >
1946-—12 Mos.- -d945 ^
'Berlod
Total operating revenue $18,021,058 $16,848,923 $69,931,334 $66,094,930,
oper. expenses—
.14,382,044
13,255,106
54,656,596
51,486,582
;.%•
A •. 'U A';"-'/VV
■ ' 1
•
Net operating revenue
$3,639,014
$3,593,815 $15,274,738 $14,608,343
Net non-oper. revenue—
205,734
240,297
779^344
736,146
d
t
V
increase, in: the, authorized
an,
■■
on
stock from
common
.
'-'It is intended to deelare-a atoek dividend:
.
for each(share held.
The stockholders* will
;
.
Grosr income ,$3,844,748;
income
Net
Preferred
Balance
Earned
—V.
1,256,231
1,193,576
share
com.
p.
2769.
1,193,739.,
4,771,685
4,773,111
and
'
$186,342
$1,555,707.
$0.43 V
$1.99
•
$746,078
} .$1.72.
of
Standard
Vice-President
which*- he
retired
TheT
the
directors
common
Oct.
record
p..
■+'
the
and
have
stock
18.
declared
No
extra
1764.
V*
"y
'
extra
distribution
u};
*'/;•' t"
an
dividend
of
5
cents
*.;?!"
'
was
made
during
1945.—V:
State
per
quarterly dividend of- 20 cents per share
(no- par),
both payable Nov. 15
to
holders
*.. *
4
'
-:,.V
totaled
output of
this
company for- the
2,327,000.
week
ended
Oct.
This
of
d'
5,
1946,
kwh., as compared with 2,107,000 kwh. for the
corresponding week, last year, an increase of 10.4%.—V.
164, p. 1764.
&
the
Management
statistical;
served
in
1920.-
Co.
andi
various
He
33-year
a
He
.
Commoii
24
'^$0.3?;
in
and
Clayton
financial
<
shares of
$1
-r
•
of
this
corporation
formerly Executive
advisory, company
investment, advisory
A.vPenhale,- who has:
journalism and related
fund
of
$3,500,000), $705,300:
inventories,
contract termina¬
war
$11,413,638;
investments
Street Exchange;. Boston, Mass.—Second Mort¬
-
and
accrued
taxes
liabilities, $5,064,444;
and
for
adjustment and
of
authorizing
preferred
'IP?-
"
^approving
issuance
for
162, p. 3120. 'v" '
* •. V/
\'x
Corp,
on
the
stock
the
'
s>'
'ft
Jqne 30-—
Common
c-r-V. 164,
;.
,
$825,002
-448,333
381,328
108,774
,
taxes_
:
**
$636,891
,j;;
_!
i
share
1638*
p.
$761,464
63,538
182,235
$1,274,990
189,765
Federal
common
$Q.48
v *«• tmA»
-n
-
$334,899
v
1,131,283
*
1
^
775,292
$0,33
.<•
! .a..#
Superheater Co.—Earnings—-
.
.
;■
(Including Affiliated "Canadian Company^
6 Months Ended June.30—
c
' »•'
194$
Profit from operations—less
sales, engineering
and administrative expenses™.
;
$1,361,028
Income from other «ources__
451,642
.
earnings
Depreciation
.•
.Federal tajce® on. income!__
Dominion
'
1945
41,092,754
^
shares
per
to
AJ
"
I946
__v
„
up
increasing
-
profit
Earned
of
of
Subs.)—Earhings^-
deductions
for
amendment, to
sale
-
income-
Other,
an
and
purpose
and: foreign
1945
;
$1,588,783
282,364
$1,812,670
100,815
:
income
$1,871,147
172,985
549,000
96,787
61,496 V:
-
taxes
Consolidated net earnings
$1,004,572
Share® • outstanding
862,855
Earnings: per sh&re__-___-____™_,$1.16
—V. 164, p. 15.
yx
944,000
88,534
50,326
$615,302
862,855
-
$0,71
Superior Oil Co. (Calif.)—Earnings—
operating
1946
income——
1945
$17,597,329 $19,163,855
operating, geological;
general
and
:
'
expenses^, taxes,, etc.___.
7,698,191
Gros® profit.
„6,862;121
.
$9,699,138 $12,301,734
"224,173
221,005:
Miscellaneous income
.
$9,923,3U $12,522,739
Intangible development expenditures, depletion
& depreciation,
rents of undeveloped,
leases,
leases, a^nd. ^expired,;& inter., on deben^
Profit
Gain
on
9,075,905
9,421,112
$847,406
$3,101,627'
$847,406
—
$6,712,788
$2.00
$15.87
—
sale of capital assets.
Net profit,
3,611,161
—
Net profit, per. share
—V. 164, p. 996.
-—.
T
Talon, Inc.—Earning?-*
6 Months Ended June 30—
Gross
profit
from
Net
income
Federal and
1945
gen.
adm.
$4,687,735
1,107,456
1,565,125
expenses-
_J
state income
1946
$3,354,681
operations
Selling, advt:, shipping &
$2,247,225
taxes
$3,122,610.
930,491
1,311,496
—$1,316,734
$1,811,114
*
,
— -
$0.68
appropriated
reconversion
Gross income
to vote on
was
investment
editorial
succeeds
career
gage Bonds. Offered—
Street,
164,
Southern Colorado Power Co.—Weekly Output—v
Electric
$860,807
-
1
-
Net
income
income
per
share of
r—y. 163, p. spoil',,
common
-,v.
stock™_^_
>
$1.31
$1.81
.
on
company,
Boston,
common,
,v,
mortgage
4%
of
is
record.
^
1961,
amount
for
Bank
Boston
at $27.50
per
each
is
$100
3 Vz
Texas .Co., (Del.)—Unit Plans Expansion—
operates the Exchange Building at 53 State
offering to holders of its 35,000 shares of(
Sept. 24. $1,000,000 face amount of second
non-cumulative
^
of
which
Mass.,
stock
.
v.
in
Oct.
,
152, p. 3039.
v
;
™H2Z"
Operating profit
Other
Net
Co., Ltd.—Extra Dividend—
regular
has
after
fields.—V.
share
>
Tax
of
,
capacities., since
r
•
;;!Sautherii Canada Power
\
pf-two; shares of common
avoid dilution by the increase inrsommon stock,,
Charles A. Schmutz has been elected President
•'
$0.45
$1,260,807
$408,712
$609,053), $5,979,121;
$697,737;
charter
shares
administrative
also be asked at. the meeting to,
change the'
voting power of the preferred stock so that each share shall have
three-votes instead of'one". The"^ change in-toting power .was asked'to,
344,494
4,800,626
$2,636,397 $11,352,205 $10,543,868
1,256.316
5,024,813
5,024,679
$223,344
_______
per
163,
$3:834,J12 $16,054,082
1,197,715-V 4,701,877
1,171,597
$2,673,151
dividends
dividends
Common
•
,
5,673,979
par-to1210,000; shares$lrpar;
.
Interest & Other deduct.
1945
$6,934,786
400,000
stockholders will' vote Nov.' 20
Production,
'ft' {
I
70,000
i
.
face
shares
trustee
for
See
interest bonds due July 1,;
in the proportion of $100 face
held.
the
The
National
Rockland.
bonds.
Roger W. Babson and Business Statistics Organization, Inc., stock¬
holders of the company, have agreed to exercise all warrants received
Texas
Pipe
Line
Co.
below.-
.
trv
Buys Stock of New York State Firm—
contingent
amount^
of
stock
'
'
$408,712:
*
^tc;_
9 Months EndedMay 31r—
Stock Diyideiid—
speeialt meeting of-stockholders will be held*
:f
'
$797,428
388,716
Total, income
-Standard' & ^ooPa Corp.—Plans Increase
"ip
income
capital stock
Sun Chemical
p.
S^ock and payment ofr 200 %
•
Total
•
:
1
v..
$1; total, $34,979,809.
6 Months Ended
Gross
'
-
of
x
of N. L (DeL).—New Directoi'S—^
portation Department.—V.
'
^
corporate capital.—-V,
Acquire Interest, in
p.: 1126:
William Naden and H. Janney Nichols; Jr have been;named directors
Mn Naden is Manager of the
company,'®. Employee Relations Depart-r
meat, and Mr. Nichols is General Manager of the Supply and Trans-,
4
$3.64
V
A
V
-
1946:
other
income taxes
(net),
corporate
200,000
Refinery aind Terminal at Perth Ahib.oy, N; J[!.—
w^See;,.Barber Asphalt Gorp. abover.—V. 164j
been
com¬
-
rw/'A
}
Earnings applicable to minority. inter?sts_^_!__ " :
Standard Oil Ctv uf. California—To
'54,8,13' *
-
v
Gross
6,574,699 202,385,027 250,834,725
1946—Month—1945,
has
that
'
Studebaker Corp.—Plans Preferred Stock
Issue—
,;The
Sept: 30
1946
-W., 164, p. 1638,
23,655
;
share..
per
*64,
41.279,931
164, p. 1765.
Period,Bnd.-Sept..3ar-"1
$7,210,396
tax—_
Net 'income.
%:
25,866,213
10 Days Ended Sept, 30
1946
> 0 1945
Spfcgel, ftiq.; <&
10,704,508
:
790,6941,751,710
109,124
•
Gross
1943
maint.
expense—
&
1944
25,2p4,763
Doolittle
acquired
U. S» Treasury notes,
serieg, to be applied in payment thereof of
$9,441,534), $4,097,731;
reserve for plant
rehabilitation and contingencies
arising out of war
conditions, $3,500,000; reserve for product
guarantee, $1,000,000; reserve
for possible loss on
patent claims and other
litigation, $300,000; capital
stock ($5 par),
$6,502,910; capital surplus, $6,244,447; earned
surp'us,
$8,408,587; treasury stock (27,662 shares $5
par), Dr$138,310; total,
$34,979,809.—V. 164, p. 960,
Net
Southern Ry.—Estimated Gross Earnings—
re-
it
deducting
Provision
1945
16,004,245.
Mr.
since
ONLY'
railway_>_ 255,883,916 332,666,068 330,980,208 305,888,734
railway!
27,870,910
99,236,631 104,381,556 120,650,018.
•
$5,221,697 $20,313,298 $20,511,621
2,859,176
Depreciation
surplus
Subs.)—Earnings—
1946—3 Mos.—1945
$4,906,876
revenue
charged against
from
from
Corp.,
-
tax
included
.;'VT
Period—
;
companies
$258,445
resulting
^
affiliated
1—
Net Ty. oper*^ incomer,^
—V. 164,. R. 1764.
$253,189
^
3292.
p.
Net
$258,445
4,419
$151,367
'•Equivalent
$257,608
4,419
income
financiug'.—V.
Gross
V
$155,786
companies not
§ Representing
System.
$35;246,682 $41,201,940 $43,938,234 $38,499,685
5,702,996
10,975,892
14,648,537
12,579,352
2,541,848
3,462,249
2,791,258
3,578,980
.
income
oper.
affiliated
COMPANY
other
and goodwill,
26,343,911
"
1
OE
and
claims
Drl24,000
14,319,982
{Representing
System,
Chicago
in
charge of its
111., to succeed Maxwell
Monticello,
LIABILITIES-—Accounts payable and
provision for Federal and other income
termination of war contracts (after
1,474,736
Mexico.
Transportation
\
raflway-
of
solely controlled
P.
solely controlled
from-railway
127,297
Co.
1946
from
Net
Net
113,610
RR.
*
■■■■
1,081
Dr76,000
P.
at
Cal-Aspirin
advances,
Cr74,417
*1,558,157:
3,791,781
*•
■
$3,760,916; supplies and prepaid
expenses,
etc., $617,029;
plant and equipment, stated
principally at cost (less reserves for de¬
preciation and amortization of
$10,382,262), $5,524,669; patents, licenses
Crl74,805 Crl,398,443 Crl,429y143
income of S.,P.* Transportation
Gross
104,937
spe-
charge
•Special charges
207,845
2,990,441
bonds of
tA' income
From'Jan.
Wi* cial
tion
23,564,031
__
S.
the
to plant rehabilitation
and
receivables (less reserves of
10,584,722
14,555,696
3,409,130
23,322
August—
amortiza-
deduc., subs.
.
17,155,328
Cfl74,305
by paying companies.-'
3,590
Interest
■
2,227,439
EARNINGS
'
""
CONSOLIDATED BALANCE SHEET, JUNE
30, 1946
ASSETS—^Cash in banks and on
hand, "$6,281,398; tl. S; and Canadian
Government securities, at cost
(after deducting amount
the
fExcluding
certain
on
dividends
$496,291'
•; ■;<
loss.
credited
in
income
'
*
60,028,698
2,702,314
income—
net
of
>
112.171
315,389
-
Non-operating
*
1,186,292
18,010
taxes
Federal
1,329,191
275,303
1,381,632
9,515,619
4,742,425Crl8,971,793
3,089
Cr69,853
>
Division
Surplus
5,609,278
564
cos._
Co.
with
Earned per share
5,180,300
*
1,734,153
(Cr)__
58,487
"""979
„.
affil.
Caldwell
rehabilitation,
solely
adjust.
68,487
leases
of
t Con sol.
167,006
149,931
income
$2,311,047
drill.
$5,101,323
'
">
*
.
to:Net /profit forjperlpd_^.____„!__^_i._________
Plant'
S. P.
controlled
23,340
dcplet.
41,129,065 133,027,906
*
4,526,467
$2,438,167
•617,389
"
Depreciation
tNet
,
1946—12 Mos.—1945
$1,215,060*
*
'
-
;•
.v...,.,.-
the Sterling organization
ago.—V. 164, p. 960.
"
;
1p\ -*
'
jri ••
y -1
Federal
'''''
for
Transportation System
Suh^)^lEarmng^.
5,425,637
6,331,473
deducs.—
of
.77
•
58,000
■
charges
inc.
•
3,751,832
832,635
fixed
charges
contingent chgs._
Total
664,505
21
inc.-
oper.
available
fixed
-VV
2,087,627
income
Income
•
.■
716,910
—
W. B.
3292.
4,584,467
taxes
Miscellaneous
always
:
14,221,796
1,186,995
Crl,118,281
income
Total
in
p.
city
taxes
Net
underwritten.
companies
"
>A
\
6 Months Ended June 30—
Profit from operations, and
1946—8 Mos.—1945
773,256
taxes
Equipment
and
joint
facility rents (net)—
arrange
$9,213,639
A '/
'
<
Stewart-Warner Corp.—Earnings—
Companies)
7,344,195
662,744
ry. opers.
Miscellaneous
to
1946—9 Mos.—1945
$614,319
'
"'
stated,*
was
associated
50,540,342 323,901,564 416,698,499
36,318,546 282,772,499 283,670,593
36,631,298
'The company on Sept. 30 filed a letter of notification with the SEC
600,000 shares of common.
The notification also covers a recission for 132,000 shares previously sold.,. Offering price, 12l/2C a share.
Proceeds for mining
equipment and mine development.
Issue not
not
Affiliated
-yVf'rV'
revenues~:" 43,975,493
oper.
Federal
•
is
'"'''A
I
,
t
Controlled
oper.
Wash.—Files With SEC—
possible
Solely
ry.
Fed^. retirement
for
it
-
pany las yqara
$2.56,116
$285,239
AUg.3I—1946—Montlv—1945
taxes
reasons
'
Formerly President
133;755
resulting therefrom.—V. 163,
ry.
State,
,t
taxes
Unemploy. insur. taxes-
164, p. 17G4.
mechanical
V>-
R. Hott, resigned;
$389,872
140,961
^
57,146.
A'OTE—For
lJ<
r>'
Richard JS,. Doolittle, Assistant
Manager .of • the company's
has been elected Divisional Vice-President
.
Dr.
6,768 i
$426,200
taxes—
Total
Net
$777,449
f
branch,
Total
stock
*>•'
Official Promoted—
.
•».
36,134
South Fork Mining and Leasing Co., Inc.,
)U
$383,104
5,711
before
the
Period End.
.
257,616
$42,096
pfd.
on
by
(Inch
disc.,
income
Divs.
—V.
1,148,292
Southern Pacific Co.—Earns, of Transportation System
681,149
10,742
W
of
Inc., it
$1,531,396
1,208,061
taxes™
income
income
extent
$1,307,975
528,448,
v
premium & expenseOther deductions
fe';Net
general
income
723,716
$1,155,499
367,308
Cr250
debt-
and
NOTE—Above figures are before deducting
non-productive well drill¬
ing expense of $78,765 and $169,259 for the 12 months ended June 30,
1946 and 1945, respectively, which
may be offset
to an appropriate
190,200*
[782,710
1946—Month—1945
■1945
>
$1,628,550
(
J
long-term
Amortiz,
v
190,200
f738,125
excess}
income
on
15,850
bonds
Corporation
has
purchased
the
50%
share
in
Bayer
Co.
Canada which the Canadian Alien
Property Custodian has held.
This gives
Sterling 1G0% ownership in this unit.
The
chief
product of the Bayer Co.
is aspirin.
1 This
acquisition
eliminates the last of the German I.
G. Farben's
holdings in the drug
field in this
hemisphere in companies affiliated with
Sterling Drug,
V
Net
......
15",850'
1
.profits taxes.
Gross
41,770
of
$1,100,450::
dian Unit:—
Earnings—
1946
•
Net earnings before income taxesInterest and. otfteij deductions—
1946—12 Mos.—1945,
$645,104 -$7,852,781
$8,236,157.'
400,015
4,482,687; i; 4,818,649»
42,350
503,560
"514,468
405,823
operating
Non-operating
.
v
held
'■>i The
$660,138
$420,439
operating expenses
Net
$10,528
'
"
3424.
p.
Total
South Carolina Power Co.—Earnings—
^
■
163,
$100'
per
mortgage notes,
Provident institution for
Sterling Drug^, Inc.—Acquires Full Control of Cana¬
1764.
12 Months Ended June 30—
Total operating revenues
$207,178—196,650
*$9,806
_
7,039
}
'
'
,
412,296
.
Income
sale
--—
**"
$1,072,434
34,358
stock
______
$185,765
195,572
'Sa]®s
1.773
.
$26.50
stockholders.
first
the $1,000,000 of contingent interest
being offered to shareholders.—V. 16'4, p. 323.
—y. 164, p. 1765.
147
overdue
the
the
ox
are
Period End. Sept. 30—
252,450
'
$128,258
pfd.
on
present
A Sterchi Bros. Stores, Inc.—Sept. Sales
79.1% Higher-
■
...
$1,720,000
.
360,753
3
income
deductions
which
1,968,679
$95,307
.
.id-Gross
proceeds
622,740
$149,859
J
Net Income
$567,931.
_
'
Ltd.
—$185,762 a,f $207,178;
——,
income
86,400
"
169,168
expense'
Divs.
393,103
.—
'
86,400
637,434
1945
■
$578,865;
and
expenses
earnings
Other
•
'
•
7,200
the
by
the Suffolk Savings: Bank and the
Savings,
$1,000,000 new 10-year 3% first mortgage bonds and
$750,000 second,
mortgage bonds not to be offered to
stockholders will be exchanged.
In addition, the two
savings banks will, receive $225,000 cash from
673,889
131,400
Other.deductions
'
4 South Bay Consolidated
703,357
;;
f
excess!-
For
3,211,785 U:. 3,236,489
57,308
7,200
-
■?,
$7,922,199
****
i
^
V'vv"
;
_)
and
of
$7,471,093
265,568.
58,710
long-term debt-
on
1946—12 Mos.—1945
$594,550
■A;
—.
taxes
Amortiz,
value 5%
par
1
droar terome
:
New
Co.,
inc.
profits
.
Manufac¬
Trust
York,
x
adjustments-
-
1:
281,188
____
depreciation—
of pit. acquis.
General taxes
Co.-—Earnings—
1946—Month—1945
$628,357
1
—
expenses
for
Amortiz.
conversion
■.
•
The
revenue
Operating
$25.
The;
of • the?
par
Period End. Aug.31—-
Gross
The
1915
them and Mr. Babson has agreed to purchase at
principal, amount all bonds not purchased by other
by
The
of
Z.
The
company on Oct. 1 announced the purchase of all the
M. Independent Oil Co., Norwich, N.
Y., from Gulf Oil
was
described
as
an
"amicable
settlement"
of
a
&
sale
standing
dispute over the ^validity of - the Texas
company's
the Z. & M. properties.—-V. 164, p. 597.
to purchase
stock
Corp.
long¬
option
'
Operating
Operating
4
;
71,562
,
'
856,275
-974,596
70,000
663,333
920,000
$401,615
$161,838
$5,282,758
$4,827,747
708
1,024
40,502
$402,323
$162,362
170,618
$5,323,260
$4,876,845
1,578,226
2,947,512
$328,907
Def.$7,756
applic. to preferred stk. for period—
$3,745,034
62,500 >
_
income
—
73,416
deducs.
Net interest etc.
r
-
income
"Net
Bividends
*
Balance
375,678
$1,553,655
$3,369,356
—
non-recurring
•Extraordinary
$1,929,333.
375,078
benefits from participation with
excess profits tax returns
164, p. 597.
tax
in
of
the
income
operating
deductions
from
Coal
«•
105,537
Income
charges
$910,333
1,625
150,000
151,000
126,000
$358,612
$757,707
886,541
886;541
886,541
$0.46
outstanding
$0.40
$0.85
$1.00
Texas Pipe
company
carrier
crude
20-inch
a
Cushing,
P. 2343.
to
from
run
point near Midland,
a
capacity will be
Daily
Okla.
f
«.
,
Operating
\
af
—
747,549
Prop,
retire,
'i
22,604,925
6,863,094
71,058
866,469
3,302,753
3,485,548
16,802,537
359
oper.
•Other
inv.
(net)
$362,844
$443,380
revenue
income
Dr476
—
$370,043
$442,904
Net
1,210,389
7,236,701
10,609,075
164, p.
other
$5,270,898
1,289,671
$865,050
of Oossett
Mills
Chairman
and
amort,
ment
been
firms
result
a
12
of
Anderson,
Charlotte,
v
1
4 •*;
,
N.
B.
by
7
who
Gossett,
B.
is
to
of
Gossett
P.
<
S. C.
•
V'
•
Chadwick-Hoskins
who
will
v\:
according to a statement on Sept. 24 by John
Coe; Vice President and General Manager of the Naugatuck Chem-*
division. United States Rubber Co.
Activities of the subsidiary, which consist of the development and
sale of dispersions of rubber,
reclaimed rubber, plastics and other
rubber-like materials, will be combined with the latex activities ot
P.
Operation—
-
Naugatuck Chemical division,1 Mr, Coe stated.
Dispersions Process, Inc. is a Delaware corporation, organized it*
1928.
It controls many patents covering methods of producing aqueous
dispersions.
>
<>,
"Dispersions are man-made latices which replace or supplement
natural rubber latex in many applications," Mr. Coe said.
'
' i
'
,
«
■>-X
.
To Rehabilitate Malayan
The
do.*
Omaha,
dividends
announced
This
Assistant
Charlotte,
and
C.,
N.
S.
A.
Farmer,
Total
$1,734,596
income
Total exp. & oth. deduc.
Neb.—
and Assistant Treasurer—J.
!$1,196,220
manufactured
are
Textron
638,276
1,153,858
the
in
home
output of the Textron Southern Mills.—V.
'<
164, p. 1766.
$1,856,740
Third Avenue Transit
514
1,064
1,097
available
stock
capital
for
—
•Operating
expenses
Total taxes
,
>
185,045
$2,434,706
192,524
1,673,148
co
"
revenues..—
Operating
maint.
prov.
$1,855,676
$1,070,759
fashions,
Income
Divs.
■
V
'
other
—_1_.
prior
inc.-
$103,669
$107,089
$761,558
4,122
4,870
32,545
y;Balance
?•'
deduc.,
U.
$111,960
163,492
An
14,417,154
$3,429,556
290,979
533,119
$1,777,491
$1,195,559
\ y.---
$2,896,437
$2,379,493
533,840
641,575
1,095,538
.
pfd.
I.
Co
cum.
stock
of
subs.
applic. to U. G. I.
above.
169,363
$794,103
1,356,374
(ry. & bus)$60,699
$57,403
.
$562,271
:--,r
W.
.'•'•■ '..v
1
:v;-
71,639
99,499
907,745
-757,662
$2,223,035
$1,411,145
•
590,366
638,790
-
37,972
$1,011,097
1,372,594
Total
Expenses, taxes & other
deductions
$361,497
$3,622,334
$2,795,620
•
v -y;• .•.»
1,154,922' 1,367,639
applic.
stock
to
of
the
$772,355
$2,467,412
$1,427,981
Through
aluminum
3424. '
'
r
as
it*
be
of
copper
1
Copper in Wire—
shortage the company on Oct. %
aluminum for copper in some of its
sizes, as approved!
high electrical con¬
according to H. H.¬
of the company's wire and cable department.
laboratory research the company has developed
intensified
with the same
wire
Mr. Weber said.
Since
aluminum is in
averall diameter as equivalent copper
,
plentiful supply, it is expected that the com¬
will be able to ease the wire shortage resulting from the tem¬
porary scarcity of copper and thus remove one of the> obstacles tc»
building construction.—V. 164, p. 997.
...'••
: ' y
pany
"
Valsetz
*
Lumber Co., Portland, Ore.—Registers
Witht
' :*
Oct. 4 filed a registration statement with the SEC($100 par) 2% cumulative class A preferred and 2,009
nor^
5cl
r.nmulativs class lk nreferrfid.
Stocks will be
company
on
for 14,000 shares
charoc
—V. 163, p.
current
that it will substitute
Weber, Sales Manager
'
The
$1,632,669
principle of increased ai*
new
'
SEC—
capital
,
by Underwriters' Laboratories.
Aluminum has
ductivity, light weight and adequate flexibility,
sizes,
149,248
1,543,733
a
building wire and cable now going into production.
The insulated-aluminum wire will be made in all
$1,102,639
'
109,448
1,711,987
-
all sizes and will be marketed as a premium*
price regulations permit its release, reported
Sales Manager of the company's U. S. Tires Di¬
Baldwin,
D.
announced
••',>-
.'•'■
utilizes
To Substitute Aluminum for
* 1,276,854
p.':.
/
-
vision. %■■■.?■
-
$1,243,651
on
Other income
$973,124
-
X'X-'-' '■ X-?.
$553,984
$1,800,899
Plant, an important shell-
rayon construction in
tire when
government
I. Co.:
G.
Co.—deducted
'■
>■;•.;'•
of
earns,
automobile tire which
Because
-
buildings,
capacity at lower pressure will be produced by this company
postwar premium tire, it was announced on Sept. 3.
The
new
tire, known as the U. S. Royal Air Ride, will
579,297
.
products.
The new facilities at Milan will be used
of fabric rubber-soled casual shoes. • ;
;
bought from War Assets Administration, wer«
textile
first
$2,958,790
&
interests
divs.
Balance
■*<'
$1,486,538
applic. to The
G.
The U.
1,564,587
of
subs,
Deferred
$2,537,711
c
$107,792
465.
14,799,931
7,378,297
.
ftie purchase of two additional
formerly units of the Wolf Creek Ordnance
loading plant during the war,
$2,606,700
' 352,090
stocks,
pfd.
former
>"
237,593
deductions
on
V
■
announced
Produces New Tire—
$2,015,084
income
Net income
c
*
p
properties iu>
manufacture
Milan
The
$8,686,499 $17,627,532 $17,023,854
$2,827,601
601,955
revenues—
oper.
Gross
'
income
"
p.
of
the
for
SUBSIDIARIES
1946—12 Mos.—1945
AND
$1,308,202
178,336
$1,621,224
Other income (net)—^-5;
393,860
.
Total loss
$9,093,091
'
1.
for deprec. & "
■,X:
for taxes-—-7.471,867
prov.
Net
exps.,
r
operating
Smith stated
unsettled that
Buys Two Additional Plants—
The company on Sept. 12
Corp.—Earnings—
$299,613
bud-grafting and manuring,"
plants, the combed yarn plant of Ruby Cotton Mjlls, Inc., Gastonia„
N. C.; and modern manufacturing buildings at Milan, Tenn.
••
•;•.•.
The Gastonia plant was purchased to diversify the company's pro¬
Utility Subsidiaries i
CO.
non-oper.
COMPANY
1946—6 Mos.—1945
Period End. June 30—
Operating
1946—Month—1945
1946—8 Mos.—1945
$1,856,701
$1,751,086 $15,212,284 $14,065,023
1,567,986
1,451,472 -12,777,577v 11,527,311
$288,715
selection,
no
.
$557,430
$1,144,230
COMBINED; EARNINGS,
-
Period Ended Aug. 31—
completed by the end of 1948.
properties now contain 27,261
survey party has, as yet, been permitted to visit our
Sumatra," Mr.r Smith said.
$1,071,856
min.
Total operating revenues
cost and with Improved
progresses,
Regarding the company's Sumatra plantations, Mr.
no
production is possible at the present time.
"Conditions in the Netherlands Indies are still so
1,366,543
$557,944
income
Balance
D. Ramsey,
products
standard
1,914 acres having been destroyed during the war," Mr.
"This remaining acreage will have a
potential yield
methods of
$2,438,399
$3,010,598
Income appropr. to spec,
fund reserve ——537
Char¬
lingerie, negligee and menswear fields.
Plans are now under way for
the
establishment
of additional sewing plants in North and South
Carolina
to
increase
production now made possible by the
cloth
it was
pounds,
planted
Smitfc
of 909
pounds an acre, or double the yield of the average Malayan estate;
before the Japanese occupation. The increase will result from scientific:
404,510
589,829
Ander-
Charge of Manufacturing—J. Wilbert Wood,
in
6,000,000
by Herbert E. Smith, President.
in the form of smoked sheet, the
completed in 1947, and 100%
"The
company's Malayan
$2,033,889
$1,144,767
Het
■
.
.
Is
are being
and production during the fourth
nearly
that
Anderson,
Frank Jones,
which
total
will
the company's plantations will be con¬
verted to the production of latex.
Latex is the liquid form of rubber,
preserved for storage
and shipment, and concentrated for more
economical handling and use.
It is preferred for manufacture of
many quality rubber goods,
as foam cushions, latex yarn, and many
medical and surgical supplies,
"However, it must be made clear that no latex will be available
for shipment for some time," Mr. Smith stated.
"This delay is caused
by the destruction of all former latex facilities and the difficulty of
procuring necessary equipment under present conditions."
Mr. Smith said it is hoped that rehabilitation work will be 60%>
,
Treasurers—J.
on
rehabilitation
As
1946—-12 Mos.—1945
236,054
year
Sept. 26
equipment, Mr, Smith said.
said.
$2,631,551
379,047
$960,166
190,657
this
rubber,
acres,
1946—6 Mos—1945
Plantations—
of United States Rubber Co,
grade of dry rubber, is being produced at high
■■'
$1,543,939
other inc.--.
Interest &
of
quarter
Issue not underwritten,
--y v: ■
plantations
Malayan
rehabilitated at a cost of $3,000,000,
•'
Improvement Co.—Earnings-
Period End. June 30—
Total
executive
hold
'
*
Fire Insurance
Benefit
vyy y
Charlotte, N. C.
Mr. Little also said that the merger brings to 22 the total number
of mills owned or controlled in the South and New England by the
parent organization, Textron Incorporated.1
* ;■
Weekly capacity of the Southern and New England mills is approxi¬
mately 6,500,000 yards of cotton and rayon cloth, Mr. Little pointed
out.
Textron
also
operates
12 sewing plants in New England in
Secretary
—V. 164,
'-Z
•;
^tK
United Gas
Unit
has purchased the outstanding common stock of Dis¬
company
persions Process, Inc.,
marine and automobile insurance business.
lotte, N. C.
Total
73,400,000
shares
50,000
Timber
ical
j'j h *f
,t*;«-
claimed that it had a contract
Fox to purchase the controlling stock of Kosmos
sued for specific performance of this agreement
had
duction
and
Gossett,
C.
Vice-President
Tot^l
7,519,366
pany stated
the 'capital
■
which
9,100,000
N. C.
Vice-Presidents
son,
1,769,366
prof, taxes
Oct. 7 filed a registration statement with the SEC
($10 par) common.
Price, $30 a share.
The com¬
that $500,000 of the $1,495,000 proceeds will constitute
of the company and after deducting $5,000 estimated
expenses,
it will classify $995,000 as surplus.
Company was incor¬
porated in Nebraska Sept. 20, 1946, and intends to engage in the fire,
for
be
a
and
s
United States Rubber Co.—Acquires Dispersions
The company on
C., and its subsidiary,
into Textron Southern,
S.
C„
1
-
St. Paul & Tacoma Lumber Co.
Mr.
and
The
Registers With SEC—
Expands—
Treasurer-^. H. Lander, Anderson, S. C;
Vice-President, Controller and Assistant Treasurer—G. G, Cromer,
C.;
16,794,564
acquired the plant and business of Allen Tool
Co., of Springfield, O., which was a division of the Wolab Corp.,
manufacturers
of
special
aircraft
appliances
and
accessories and
special tools and dies.
As of Oct. 7 it became a division of United
Aircraft Products, Inc.—V. 164, p. 1767.
Vice-President and Assistant
6.
9,117,980
The corporation has
,
posts in Textron Southern, are:
Charlotte,
2,223,307
United Aircraft Products, Inc.—Acquisition—
and the merger has been approved by the boards of
concerned, Mr. Gossett said.
of
the merger, Textron Southern,
Inc., will operate
including
mills,
Officials
1,289,426
of United Air Lines' new fleet of four-englned 4-mile-a-minute Mainliners and Cargoliners now are in operation on the company's
coast-to-coast and Pacific
coast system,
it was announced on Oct.
3 by J. A. Herlihy, Vice President—operations;
Conversion of the entire fleet of Douglas C-54's from military planes
to 44-passenger Mainliners and all-cargo
"flying box cars" was ac¬
complished in eight months, bringing United's total fleet of twinengined and four-engined equipment to 95 planes.—V. 164, p. 1767.
,
finishing plant, in the Anderson and Char¬
lotte areas, with more than 200,000 spindles and 4,600 looms having
a weekly capacity
of 2,000,000 yards of cotton and rayon cloth and
250,000 pounds of cotton yarn.
Present
management will remain
unchanged,
said Mr. Gossett,
adding that all the key officials of Gcosett and Chadwick-Hoskins
would occupy similar offices
with Textron Southern.
the
29,840,666
All 25
Little,
acquired
the
As
15,622,308
retire¬
charges
and exc.
$865,050
Oct.
on
«f Textron Southern,
all
3,566,846
tlncludes Fed. income
President of Textron Incorporated, will be President
Inc.
Textron Southern, Inc., was formed last May, as a subsidiary of
Textron Incorporated,
to acquire all outstanding stock of Gossett
Mills
and
Chadwick-Hoskins.
More
than
98%
of the
stock has
Royal
9,045,583
-V. 164, p. 1253.
board.
the
of
of
Co.
announced
was
8,416,950
3,531,627
United
Merger
1,129,091
1253.
Chadwick-Hoskins
and one of 25 cents on Feb. 1, 1946.
Total payments in
to $2.25 per share, the same as paid in 1945.—»
1128,
and to
United States Plywood Corp.
The Washington State Supreme Court decision affirms the judgment
of the lower court dismissing St. Paul & Tacoma Lumber Co.'s com¬
plaint. The value of the Kosmos properties is well over $2,000,000^
it was reported.—V. 164, p. 1767.
38,886,249
859,380
sources
$2,743,247
period
of 25 Icents pef
cancel the sale of said stock by Mr. Fox to
24,039,258
•Includes depreciation,
4,400,515
$3,981,227
Textron Incorporated—Subsidiary
Inc.,
with
all
from
income
Net
$7,143,762
103,490
hn -extrA dividend
Extra Uiv.
Plywood Corp.
4,695,937
and other chgs
Fxd.
102,350
$263,553
have ^declared
V ''•* '
' %
-t'. - .y.V". '•.
amount
will
The
sources
4,391,007
$7,041,412
102,456
income
Preferred stock dividend requirements for
—V.
$5,254,118
16,780
" i
by St. Paul & Tacoma Lumber Co. against R. 'S. Fox, United States
Plywood Corp. and others,
r
" *
The case involved the ownership of the controlling stock interest
in Kosmos Timber Co., one of the largest timber operations in the
State of Washington, now controlled and operated by United States
Co.
5,175
$340,448
etc. deduc.
interest,
Net
7,199;
•
V,..
corporation on Oct. 3 issued the following announcement:
Washington State Supreme Court has Just handed down a
unanimous decision in favor of the defendants in a suit instituted
28,277,174
1,088,254
1,200,000
343
1,200,000
: 4,916
••--
The
trans¬
from
inc.
portation oper. >
from
investments
and
822,912
100,000
•••'••
1,195,859
United States Plywood Corp.- -Court Decision Favors
8,788,450
836,972
75,241
100,000
-i
Control of Kosmos Unit—
90,070,657
1,667,855
oper.
ry.
United Air Lines, Inc.-i-New Fleet in
2,357,958
391,528
206,879
of ltd.-term
Amort,
Net
res.
5,774,217
the regular quarterly dividend of 25 cents per share on th»
stock, both payable Nov. 1 to holders of record Oct. 15.
extra of 25 cents was paid on Aug. lt last, nne of J50 cents oi»
164, p.
.
J
••
appro.
ij
~V-
1,520,208
122,
-
taxes
Vv'y
46,270,576 127,135,281
Inc.
$1,535,938 $17,476,285 $16,967,401
7,060,930
610,149
7,792,824
$1,573,392
Operating expenses
Federaltaxes
Other
^
11,371,103
1946—12 Mos.—1945
1946—Month—1S45
31—
Revenues
1946—8 Mos.—1945
^
16,524,506
Tex.,
barrels.—V.
150,000
9,644,962
,•
The' directors
An
45,890,956 233,107,630 347,454,579
29,366,450 186,837,104 220,318,298
3,742,705
Texas Power & Light Co.—Earnings—
Period Ended Aug.
y!-v
^
8,565,666
fr.
rev.
Net
pipelines in the Houston
(Tex.) area
estimated cost of $15,000,000, B. E. Hull, President
as
expenses
oper.
Net
major
to
on
':.y.
1946
Equip, and joint facility
rents—net charge
of The Texas
subsidiary
v 6,970,07$
The
Line Co.—To Increase Facilities-—
a
.*
34,815,591
26,249,925
revenues
oper.
•Ry.
Co., plans to cojistruct
next year at an
announced.
'■ Both units
may be placed in operation prior to
Jan. 1, 1948, he
said, if materials can be obtained without unnecessary delays.
One
of
the
proposed lines
will connect Houston with Texaco's
Port Arthur
(Tex.) and Port Neches, (Tex.) refineries. This 22-inch
diameter carrier will be 80 miles in length. It will be constructed for
a maximum
daily capacity of 160,000 barrels of crude oil.
The other wlil run between West Columbia
(Tex.) and Houston
(Tex.)
A 16-inch diameter line, it will have a daily capacity of
$0,000 barrels and will be 60 miles in length.'
The company also is making an engineering survey on the possi¬
bility of constructing, with other companies, a 440-mile line from
West Texas to Oklahoma, Mr. Hull stated.
It is tentatively planned
This
two
———.——10,640,821
prior pfd. stock
1,195,859
——————
164, p. 465. y .'
1,729,962
•
common
V.
tTaxes
Earnings per share—
—V. 163, p. 2485.
>
*
8,700,039
1,403,807
share and
Lines)—Earnings—
1946—Month—1945 '
'
$884,131
886,541
$409,680,
income
Net
.5,561,367
8,730,86®
(Excluding Offsetting Accounts Between the Companies) ;
Period End. Aug. 31—
Ry.
Shares
that arrangements,for-offering
Union Pacific RR. (and Leased
2,240
200,000
-
8
4,619,386
U. S» Industrial Chemicals, Incr-25-Cent
:
-
14,261,40$
income
requirements
May 1, 3946,
$1,086,372
1,013
inc. taxes
Froy. for Fed
$1,064,244
22,127
113,841
$509,626
$536,034
income
Gross
724,165
$796,492
$497,540
12,086
$430,497
—V.
22,992,273
Co. charges
Balance
$20,000,000 in common stock, probably at $5 a share, had been com¬
pleted with Floyd D. Cerf Co., Inc., Chicago, to finance production of
the'new rear-engine Tucker "Torpedo" automobile,—V, 164, p; 1766.
-V
707,476
388,083"
Consolidated " net
Dividend
27,356,311
10,492,295
12,244,629
United Light & Railways
interest in Western Dominion
26,*669,786 22,705,102
686,524"
287,179
companies charges-——--i
Balance
-
corporation -announced Oct,
-The
0
f
V
operating Income
income
credits-
Net
>
•
380,387
& dry holes
•Other
V'
leaseholds,
& surrend.
—
Subsidiary ^holding
Chicago-^XJnderwriter Named-?
Tucker Corp.,
_t
deductions
Balance
Ltd., located in Canada for cash of $486,673, the amount
investment was carried on the company's books.—V. 164,
299,SSI16,189,70$
-
16,864,015
income
Gross
the
•'
(net)--—— '■
income
Income
■'•
•$1,788,409
$1,503,968
$885,623
$810,884
Operating income, before special charge beloV
Other
.
disposed of its 50%
329,539
9,819,702
Federal income and excess profits taxes——
1,446,316
1,141,254
740,753
598,943
income —
Vv :-:'I'V.
J
f Inc.
from
operations
Beprec., deple., canceled
—
State income taxes——-——————-
1,060,970 net tons during the
produced in the same quarter
of
tons
..
465.
p.
gross
operating
.
Mines,
at which
£
;
last year.
The company has
1946—6 Mos.—1945
$2,645,223 $3,234,726
1946—3 Mos.—1945 *v
$1,409,828
$1,626,377
period End. June 30—
Gross
of
Oil Co. (& Subs.)—Earnings-
Texas Pacific Coal &
1,121,259
with
10,334,725 .10,502,370
—
-
—
.
Production
year.
compares
'
State, local and miscellaneous Federal taxes—
period of 1946.
Despite this fact, sales for the
$2,779,489 as against $2,580,322 for the same quarter
previous
quarter
1
—
Operation
Depreciation
months'
three
the
quarter totaled
in consolidated Federal income and
and from refinancing by the company.—V.
parent
1945
8
1946
$
,
Maintenance!
1945
1944
1943
tNet profit
—
$245,945
$303,871
$195,000
Barns, per. com. share.
$0.49
$0.62
$0.39
fAfter all charges, incl. Federal income taxes.
Due to the national coal strike and shutdowns for vacations, the
company's Illinois and West Virginia mines lost about 20 working days
1946
$285,142
$0.57
31—
,
,
118,370,698 119,906,231
12,997,642 15,898,947
42,964,915 39,838,519
6,116,326
5,342,829
9,138,059
9,129,417
Subs.)—Earnings—
Truax-Traer Coal Co. (&
3 Mos. End. July
1
s
1
.Subsidiary operating companies:
'
Operating revenues
Gas and electricity purchased for resale
on
company
49,098
income
Gross
01,322,486 01,289,863
'
'
revenues—
oper.
Other
212.040
75,935
& other taxes
Prop, retire, res. appro.
Property
Net
599,624
>•&:.
deductions—1-
•Special
•
',
expenses-
taxes
Federal
12 Months Ended June 30—
Oct. 2 filed a letter of notification with the SEC.
The number of shares to be sold on behalf of John C. Redmond, VicePresident and director, will be determined by market price and will
be so
regulated that:,the gross proceeds will not exceed $100,000.
>,The
selling stockholder will authorize
the Market Street National
Bank, Philadelphia, where securities are pledged as collateral security,
to sell,
from time to time, through their brokers on the New York
Stock Exchange.—V* 1$3, p. 1483.
1
The
$1,322,692 $14,774,631 $14,651,995
541,674
6,437,666
6,260,723'
477,618
'2,738,764
3,077,113
$^351,714
revenues.—-
(& Subs.)—Earnings—•
United Light & Railways Co.
Steel Forging Corp., Alliance,
Williams
Ohio—Files With SEC—
1946—12 Mos.—1945
1946—Month—1945
&
Transue
Co.—Earnings-
Texas Electric Service
period End. Aug. 31—
Thursday, October 10, 1946
FINANCIAL CHRONICLE
THE COMMERCIAL &
1916
[Volume 164
Offered
for
sale
Templeton
Bales
be
Number 4533
to
customers
Lumber
Co.,
sold
whereby
Templeton.
to
and
with
contract
all
Co.
and
to
the
of
customers
Herbert
A.
|West Penn Railways—Ihcome
the registrant has an
exclusive
lumber produced by the registrant will
$100 a share for each class of stock.
Price,
was
organized last
properties
owned
by
Mitchell
former
whom
the
Company
certain
THE COMMERCIAL & FINANCIAL CHRONICLE
Sept.
19
Cobbs
for
and
the purpose
Mitchell
Co.
of
W.
Maintenance
W.
purchase
80%
or
more of
the capital stock of
Valley and Siletz RR.
Proceeds will be used to make part of the
down payment on the
property and to furnish working capital.
There
lire
no
underwriters,
f
'
Taxes,
$1,612,758
741,862
148,404
352,609
income
Prov.
for
Period End. July 31—
,
323,323
Operating
Oper.
15,671
12,130
1 21,000;
46,100
depreciation-
Operating
Verney Corp.—Merges Three Subsidiaries—
'
23,741
39,000
121,300
26,068
42,000
; 93,100
Mills,
Inc.
the
corporate
'costs.
All
verney
structure
our
plants
Corp.
No
pf this move."
and
in
Income
21,000 >
63,500
savings in accounting and other
country will now be owned directly by
personnel are contemplated as a result
changes in
which
remain
325.
p.
.
wholly-owned
subsidiaries
the
of
$1,069,284
inc.-
1,280,430
1,523,197
inc.
535,416
538,458
3,756,869
4,085,633
ordinary' income >7.; 745,014
984,739
*4,457,548
8,747,556
Dr954,543
corporation.—V.
Total
;
76,629*
405,352
2,269,863
taxes..
-
Net profit for period..—.
delivery.—
Balance,
469,
Net
ry.
railways.
railway
from
of $1,251,945
1944
$2,270,296
677,475
'*■ 527,776
1,048,955
-
income.
oper.
1945
$2,688,660
-
696,974
1943
$2,547,916
1,088,340
595,935
the
Gross
from
Net
ry.
railway
railway
from
Net
for
—V.
164, p.
20,366,651
7,606,163
5,106,997
3,339,664'
-
income.
oper.
The
17,504,807
8,759,213
5,616,919
8,126,193
4,841,516
ml
T"e
The
eliminate
arrears
the
on
provided for in the plan.
Retail sales
Wholesale
class
A
Combined
Capitalization
Units
at
Btock
on
Each
share
A
1768.
p.
stock
B
would
share for share
a
be
exchanged
for
the
Western Maryland
to
^Operating
basis.
1945 remained* the same
1,650 and 1,494 re¬
<fc
Bond
new
would
entitle
at
common
$6
the
holder
share
a
to
for
buy
three
the date the- plan becomes effective.
one
Net
2,199,888
expenses
years
$964,878
revenue—
$615,621
$5,362,113
new
facil.
Jt.
preferred issue,
subject to market conditions, .1
at $30 a share. The plan further
contemplates elimination of $2,250,000 '
In short term bank loans and a provision for a
two-year revolving
credit of $2,000,000 at 21/2%.—V.
159, p. 587.
«^
rents
200,000
2,546,000
4,228,000
$499,878
$415,621
$2,816,113
Cr56,730
income
Cr81,306
Cr453,242
Dr98,042
Cr601,504
J9r33,636
this
Water
Co., Providence, R, I.—Bond Issue
Fixed
income
*
is
charges—
-30,331
161,514
Company
has
been
mortgage bonds.
note
of
of
$155,000,
bonds
..1,980,684
$4,561,902
2,168,004
$223,525
$1,352,143
$2,393,898
Water
which
Co.
to
the sale
Providence
National
incurred
was
to
Bank
in
■"Incl.
amount
$150,000 3%%
the company to
cn
is
not
effect
at
the
the
company's intention
sale
of
the
agreements whereby
by
par
.
to
bonds.
make
Seeks
,
a
„
general
public offering
;
1946—Month—1945
$12,168,816
„_
fc—V.
164,
Frederick
been,
for
has
number
past
of
been
(Incl.
a
Vice
Purchasing
j
;
oper.
Pa.,
in
unit
V.
.
; •
suburb
a
one
163,
or
two
President.
for
He
the
■,
,
announced
•
'* •'Jv
f
oper.
price
121,451
258,540
969,323
Equip,
and
rents
Operating expenses
Maintenance
'
'
Provision
for
deprec.—
Amort, of plant acquisi¬
tion
Federal taxes
<
on
income
Reduct.
resulting
refinancing
,
140,338
income
Net
income
Preferred
.*'
Bal.
_
—
dividends
for
and
•
and
'
cial
$5,564,934
324,628
3,017,000
$6,275,166
668,446
1,336,892
$4,938,274
of
the
the
$6,590,931
-
surp./before spetax adjustment—*
.
'
"
;
•
■
1,917,813
2,111,360
.
a
^
-V.
J
;
v
1
$2,'257,722
•
163, p; 3002.
-
$4,029,173
\
368,384
of
in
-
,
1944
$2,023,06*
529,092
553,66*
222,898
257,489
12,330,331
13,091,427
3,315,666
3,581,749
2,062,247
-
227,883
1,765,780
"
1946
1945
$45,270,021 $45,879,921
35,068,352
37,302,2Q&
revenues
and taxes
revenues—
$10,201,669
...—
2J..*
$8,077,717
310,332 1
$10,512,001
488,58a
.
to
4,814,774 4
income
$5,697,227
:
for contingent losses on invest¬
capital stock of transp. subsidiary..
.
4'/a%
Federal
Court
seeks
on
to
income
Sept.
sinking
bonds,
and
fund
17
dismissal
for
denied iri
were
for
of
the
a
STATEMENT
COMPANY
denied had been made
which
asked
the
the
of
causes
the
two
of
dismissal
ground
actions,
banks
contend
164,
p.
that
had
and
ALONE
1946
1945
•
!
—$33,722,084 $34,943,141
26,011,928
29,068,070
$7,710,155
1,231,343
$5,875,07®
1,354,02®
$8,941,499
3,517,971
$7,229,091
(before
$5,423,527
$4,736,26®
500,000
500,06®
—
income
$4,923,527
$4,236,26®
—
the
suit
Chase
failure
for
National
not
the
named
been
Realty
company
as
1768.
income
—
\
2,492,821
•
.A
Net
If:
!v ''"'v#
8,507,823
''?.*'.'?•
Gross
$1,017,33®
19,211
$1,138,617
$1,036,542
432,78®
$710,997
$603.75*
^
income
■
1
$1,111,679
«
26,938
——
—«...
——
Total deductions
11
1
———427,620
operating revenues
non-operating revenues
Total
1945
$9,556,651
8,539,32®
1946
$9,619,502
operating revenues—...
operating expenses and taxes
Total
to
Bank
—
—
(befpre appropriation)
12 Months Ended June 30—
by the James Foundation
of
the
of
income
Total
of
——-——
'
Net
—-V,
income
———
163, pp. 1618 and 3333; V. 162, p. 3123.
defendants.
should
have
been
(F. W.) Woolworth Co.—SSpt. Sales Up 14.1%'—
decision held, may depend upon the
cir¬
the agreement of Nov. 22, 1943, which the
approved because
important
facts
were
was
5OG;OO0
$4,232,23®
Wisconsin Gas & Electric Co.—Earnings-^-
com¬
decision handed
a
dismiss
on
500,000
appropriation).—
Appropriation for contingent losses on invest¬
ment in capital stock of transportation sub...
Net
$14,000,000
recover
this corporation
Inc.,
claim
August—
Gross
from
from
Net
ry.
r
Period End. Sept. 30—
—
>
40,753,692
-
f
1946—9 Mos.—1945
$
$
$
35,731,463 366,048,564 322,034,209
1946—Month—1945
$
Sales
-
*
/,
Net
1946
railway.,
railway
oper.
from"
—V.
ry.
p.
$427,578
140,127 s
76,859
33,713-
1944
;
37,858
$470,605
198,544
> 44,322
225,267
v'.;
railway J—-j,
1255.
1943
$504,765
,
;
railway—
income—■
Worumbo Manufacturing Co.—Split-Up
1945
...
$363,701
..
income
oper.
164,
Alabama—Earnings-?
.
.
From Jan. 1—
Net from
$6,580,931
.
3,784,417
$4,782,280
$5,197,227
deductions
Balance
charges, i.e., capital fund, interest
mortgage
which
motion
York,
Net
-
$8,566,607
—V. 164, p. 1452.
3,689,408
2,891,523
$4,938,274
■
"J
$4,290,769
Sept. 30 by Judge
stockholders
-
808,997
5
ait
:
t
,,
446,339
operating revenues
—
non-operating revenues.i^—
Gross
383,133
$2,101,505
City of New York, the Central Hanover Bank & Trust Co. and
Western Realty Co., allegedly indispensable parties in respect to
Gross
above_^_
as
in
suit
withheld.—V.
-
,
4,129 277
-•>,
47,078
$365,396
contingent
listed as defendants, the
cumstances, leading up to
-
2,257,722
located
r
>»
k
income
Total
.
Western Ry. of
•
;
for
general
on
made
Whether
$8,584,723 $11,563,934
2,309,557
3,646,111
*y-: ;
$4,029,173'
,,/i,
(
'
;
131,790
45,130
motions
New
state
"
.
on
Two
one
$7,917,823
1,336,892
adjustment- ,——,.yr
Balance
14,237
$433,220
available
The second
$7,967,817 $10,885,854
616,906
678,080
$4,697,619
$2,257,722
.i
of Ikt
move
1946
1945
$1,980,506;' $1,870,429'
-
INCOME
Murray J. Hulbert.
were
denied, one brought by Robert E.
Coulson, who asserted that the plaintiffs had failed to state a claim
against him upon which relief might be granted, and further on the
ground that he was npt an officer of the corporation when trans¬
actions complained of occurred.
1,161,634-
668,446
incl.
'*
operating revenues
Total operating expenses and taxes
$4,805,692
$426,711
11,209
stockholders of
down
2,662,634
$2,926,168
stock
com.
surplus,
old.
wid#
a
quartern
Wells Street,
formerly
managers
<•
12 Months Ended June 30—
$4,344,549
461,143
$2,612,810
142,921
49,588
$489,559
$2,148,658
' ,464,152
$377,123
61,002
income—
Motions
mon
"141,946
$5,889,562.
1,191,943
our
new
,
1
%
income
822,717
1,738,715
Stockholders' Suit Is Upheld by Court—
1,784,148
2,978,717
——
—_
special tax adj.—.
Balance for com. stock
Tax
651,472
800,155
$428,557
income———
stockholders'
$4,153,587
1,227,419
|Total deductions
r
85,297
and other corporate purposes.-
,
282,299
1,134,000
$3,849,915
303,672
-
the
South
528
deductions
Net
8,227,439
302,801
deductions
requirements
$6,698,934 $10,984,817 $12,386,854
'
,
Non-operating, income..
Gross
income.
oper.
"^Amount
from
Operating income
;!
1,018,540
88,907
Fixed charges
subsidiaries)
140,498
$5,609,915
1,760,000
......
of
many
The
Mart.
formerly at
merchandise
as
i
expenses
operating
Net
Total
.
adjustments
Operating income
■V
Merchandise
offices
honroperating revcnues-^.-..>.
Total
1,770,737
3,103,239
1,505,568
of
has completed
company
the
railway
facility
Dr)
income
Misc.
1946—12 Mos.—1945
982,031
return
,
from
ment
i
.>
933,536
1,673,191
.
.i
and
,
income
well
as
the
to
sales
k
Balance
$5,513,124 $16,025,047.
894,299
891,627
311,235
jt.
(net
ry.
Other
$15,871,519 $16,234,694 $31,280,877 $31,518,322
6,131,728
5,697,548
12,197,093
11,512,607
1,382,811
1,210,115
2,942,692
2,714,050
revenues..
and
operating
Total
1946—8 Mos.—1945
$1,855,995
115,489
ry.
All other ry. tax accrls...
has
disclosed.—
not
was
1946—6 Mos.—1945
Taxes, other than Federal
Co.
111.,
Gross
Ry Co.)
$5,270,455 $28,405,231 $41,653,180'
3,414,460
22,892,107
25,628,133
2,868,271
$1,002,728
Subs.)—Earnings—
(Excluding Monongahela Power
■Period End.'June 30—
the
Total
'
.
that
headquarters
*
Net
•
.,
purchase
West Penn Power Co. (&
Total
fr.
rev.
*Net
f
1946—Month—1945
$3,870,999
expenses
oper.,
com-
:>
113.
p.
The
with
and
A.ppropriaticn
Co., Inc.—Purchases Plant—
months.
<
.
$P5,637,357
announced the purchase of a plant at Ashley,
Wilkes-Barre.
It
is
expected
to
open
the
new
of
charge
never
day conditions
Total operating
has
company
in
Wisconsin Electric Rower. Co. (& Subs.)—Earnings—
Total
and Tidewater Southern
Ry
Ry. payroll tax accrls..
Ry. inc. tax accruals—
Agent
from
wear
diversified
more
have
12 Months Ended June 30^-*
(& Subs.)—Earnings—
Northern
revenues
oper.
Net
Webster Tobacco
Sacramento
Period End. Aug. 31—
Ry.
Ry.
1946—9 Mos.—1945
elected
years,
men's
-
$9,726,238 $104,177,083
'4 pany.—V. 164, p. 998.
The
' "
for
Bend, Ind.—V. <164, p. 998.
Total
equip¬
new
...
Net
Kleinmann
F.
the
681,944
'
.
Ward Baking Co.—Official Promoted—
-;
21,377
demand
-
Equipment Trust Bids—
Western Pacific RR.
1768,
p.
35,243
approximately 80% of the funds necessary for purchase of
ment.—V. 164, p. 1254.
\
Walgreen Co.—September Sales Increased 25.1%—
Per. End. Sept, 30—
Sales
*
2,696
company will open bids Oct. 15 for $2,740,000 equipment trust
certificates. The offering consists of $485,000 Series K, $685,000 Series
L and $1,570,000 Series M certificates.
They are designed to furnish
company has already entered
issue of $300,000 will be purchased
investors.
12
de-
The
the entire
approximately
of
unprecedented
From Jan. 1— y
Gross from railway.—, 12,678,041
Net from .railway
.2,127,265
Net ry. oper. income
652,227
—V. 164, p. 871.
The
and
,
It
Into
,
redeem
New
$12,000
to
amort,
fense projects—^
2,554,627
July—
,
to
obligation
issue 6300,000 2% % 20-year first
will be used: (T) to pay the
•
7,433,457
2,191,583
Net from railway—
Net ry. oper. income
:
Feb. 15,
1946.
(2) To pay th& notes of
England Water, Light & Power Associates in the amount of
to Weybosset Co. in the amount of $86,750, which obli¬
gations were incurred to finance additions to the plan of the com¬
pany.
(3) To extend further the mains and service of the
company in
the territory it serves.
-
'the
I
authorized
Proceeds from
Wakefield
$293,000
5,928,751
,2,359,327
^Wisconsin Central;Ry^—Earnings—
^241,610
$3,332,827
V 270,097
.269,986
income
16,685,746
6,963,767
1,872,201
an
and
executive
" '
i"'Lr
Authorized—
Net
18,105,429
2,670,478
garment.
Chicago,
$4,320,292
$493,622
$562,986
of
"We
present
Gross
Gross
Wakefield
17,997,367
528,861
South Bend, our main plant, our monthly output is the largest
since before the war.
The Troy plant is being realigned t»
South
Drl34,313
$463,291! $3,171,313
$543,340
.19,646
$2,311,838
947,065
371,858
13,161,534
Vice-President
Chicago
v
Net ry. oper.
Other income
1943
.
$2,329,660
811,170
288,318
units
It
$3,853,101
Drl3,268
(net)—
1944
572,831
261,901
income
greater
house
Operating income
Equipment rents
1945
$2,073,490
867,026
•
Moves Executive Offices-r-
$8,081,101
Taxes
:
•
$2,354,897
income—
face
said:
meet
465,000
oper.
be
4%
working
machine operators plus new equipment,
we
expect to have
variety of goods in quantity for pur dealers-early in 1947."
.1946—8 Mos.—1945
$2,573,128 $20,650,006 $24,261,521
1,957,507
15,287,893
16,180,420
second
50,480 shares of the
the
be
in
.
purchase- warrant
Waitt
for
'*
early in 1947, according to R. Au
of knit goods production.
v>'
produced as many garments as we ara
now
producing.
In the spring of 1945, we produced mpre T-shirto
"than the year before and this past spring and summer we produced,
with the help of our Manchester plant,
a very appreciable increase
were
1946—Month—1945
$3,164,766
revenues
will
$625,000
balance
'
1946
oper.
Smith,
Ry.—Earnings—
Period End. Aug. 31—
Operating
common
new
redeem
all over the country, this company has reached an all tinm
peak in production of certain knit goods items and with new knitting:
machinery scheduled for delivery this month, production is expected
63.6%—
■'
,-o
underwriters
to
r
-
-
used
debentures;
stock
Wilson Brothers, Chicago—Knit Goods Output High—
1946—9 Mos.—1945
and
dates
these
be
second
of
Names
common.
and
preferred
164, p. 1768.
"At
step in the proposed plan involves a public offering of the
new preferred stock. The
company announced that it has been negotinting with Reynolds A: Cot, which has indicated it will underwrite
■
"
164,
1946
30,
at
cumulative convertible
dealers
in
stock,
class
stock
of
from
accounts
par)
railway
railway
from
pounds of express,
an
of 1945.—V. 164, p. 326.
$5,258,000 $74,453,000 $38,100,000
$8,603,000
kt Sept.
operation
Wholesale
5,013,013
registration statement with the SECT
a
50c
Proceeds* will
first
railway
railway
oper.
ry.
—V.
$2,788,000 $39,828,000 $19,812,000
2,480,000
34,625,000
18,288,000
4,145,000
($1
$638,600
filed
7
par)
from
Net
1946—Month—1945
...
sales
in
239.
spectively.—V.
together with accumulated dividends, which
amounted to $25.50 a share on
Sept. 30, 1946, will be converted into
one
share of new preferred-, and three shares of new
common stock.
present
ry.
Net
pounds of express during August,
pounds in August, 1945.
For the year
$4,458,000
...
sales
*4,176,803
From Jan. 1—
Gross
182,384
134,748
($5
from
Net
'
,
Oct.
on
amendment.
from
miles in
effective, each share of presently out¬
standing
636,127
J:J
760,024
1255.
164, p.
August—
He
the new corporation would consist of
110,000 authorized shares of $2
cumulative preferred
stock, $30 par, 600,000 shares of $1 par common
Btock and 100,000 stock purchase warrants.
If the consolidatioh becomes
''
with
Period End. Sept. 30—
P'an.
ttthc"y owned subsidiary, is
carried
,
.
Western Auto Supply Co.—Sept. Sales Rose
class
on which stockholders will vote at a
special meeting on
1946, also is designed to provide additional
equity capital
expansion.
■
.
Consolidation of this corporation with the
Waitt & Bond Co.
a
The
corporation
compared
.
.
2,780,00®
to
surplus
and
In
29,
of
history.
■.
7,793,013
20,000
Wheeling & Lake Erie Ry.- -Earnings—
lands during
passenger
revenue
•4,156,803
$1.381
August, 1945, and the highest in the
The total also exceeded that of July
date,
the company has flown
1,186,221
increase of 52.4% over the corresponding period
v/as announced by Harley W. Jefferson, President.
•
995,127
359,000
capital.—V. 163, p. 3186.
$1,246,268
over
to
for
"
■-■■■
1946,
recapitalization plan which would
Nov.
20-year
24,668,743
96,134
,
*
by
Gross
planes flew
126.5%
was
by 13.8%.
4,923,793
1332.
This
trans,
company
bonds
non-operating net credit to surplus
timber from company's
12,833,189
204,611
100,000 shares
filed
1768.
p.
corporation's
company's
Waitt & Bond, Inc.—Plans to
Recapitalize—New Fi¬
nancing .Also Proposed—?
A
164,
and
Western Air Lines, Inc.—Establishes New Record—
1,082,013
700,792
19,958,174
10,388 >
15,010
760,024
80,000 shares
Net
August.
17,027,441
_
sale of mature
from
period.—V.
486,386
*700,679
t
Wheeler, Osgood Co., Tacoma, Wash.—Registers With
500,832
$1,255,878
'
$1.39
income
The
$2,351,251
From Jan. 1—
;
-
a
899,618
sec—
$1,747,100
507,337
*$3,203,631
$3.55
;
share-.
common
$1,763,215
49,588
*In addition to above there was
1946
from
Net
$3,695,219
1
(net)
month
earned
3,066,000
2,980,000
2,800,000
paid
surplus
Earnings per
August—
Gross
i
inc.—net
cur.
»DefJclt.-T-V.
:
$7,889,417
3,034,091
42,226
$7,525,982
2,782,767
$8,765,082
Net
1944
$7,822,595
66,822
1945
$7,449,353
1946
-
income
Preferred stock dividends
Virginian Ry.—Earnings—
;
ord.
inc.
during
Subs.)—Earnings
$8,359,729
Prov. for depreciation and depletion
Int. and amortiz. of debt expense
Federal income
Sugar Co. of Cuba—Listing—
The New York Stock
Exchange on Oct. 4 directed that deliveries of
common stock,
up to and including Oct. 21, 1946, may be made either
with
temporary certificates or with permanent certificates; that be°ct* 22, 1946»
only permanent certilicates shall be a
p.
from
;
.
inc. accounted for
Net
.>■'
4V. 163,
ordinary
Delayed
:
.
.
Vertienles-Camaguey
12,346,803
87,929
Extraord.
347,241
'
9 Months Ended July 31—
Profit from operations.
Other income (net)-,—.
The
164,
95,781,544
•1,600,297
1,481,417
41,780
Deduce,
$1,416,525
$1,040,976
$494,279
224,530 j
West Virginia Pulp & Paper Co. (&
merger does
not
affect Verney Mills of Canada,
Ltd., with
rayon weaving mills at
Granby, Quebec; or the status of the selling
agencies Verney Fabrics
Corp. and Verney Worsted Co., Inc., all three
of
$567,331
$1,489,762
448,786
$718,809
3002.
p.
108,128,347
Deduce, from net inc.w
:
•
$791,586
224,255
income
163,
103,351,236
104,951,533
1,192,501
...
$363,532
1,052,993
$290,401
1,199,361
$191,474
527,335
635,742
deductions
Net
—V.
permit
this
$155,844
—
Gross income
and
15,411,287
•
Operating income
Ordinary inc.—noncom.
Npt
Verney Shawmut Mills, Inc., have been merged into
Verney Corp.
effective as of Oct.
5, 1946, it is announced by Gilbert
Verney, President.
»
:
step,V Mr, Verney observed,' "will result in
simplification of :
'
income
Non-operating income-.
-owned subsidiaries, Verney Mills,
Inc.,vVerney Taunton
exps
1946—7 Mos.—1945
13,923,870
16,666,842
15,474,341
revenues
revenue
Gross
v
1946—Month- -1945
>
Federal taxes on Income
\
$1,525,787
721,611
170,714
■„..
Western Union Telegraph Co.- -Earnings—
-b
1946—12 Mos.—1945
$807,768
367,719
$761,396
355,608 :
other .than Fed-
eral
-
Account^-
1946—6 Mos.—1945
Operating revenues
Operating expenses
acquiring
and
i
Period End. June 30—
,
1917
2,564,197
-
>3,524,894:
291.615— 1,117,869
219,234"' -? 307,952
•
lf
f
each
Voted-—
■,
special meeting held on Oct. 8, the prior preference and common
authorized the directors 4o change the authorized com¬
stock
which
11,000 shares of the par value of $100
outstanding, into 110,000 shares of common stock;
consists of
all of which is
a par value of $10 each.- Ten new shares are to be Issued iR,
exchange for each share held.
• -'-'v
-y
It was also Voted to give the holders of the 8,737 outstanding shares,,
3,554,666
1,604,639
460,608
v.
.
of
prior
—V.
.
a
> having
3,767,064
375,619
mon
65,773
■"* "f..
1,428,740
.
%
At
stockholders
164.
stock,
preference
u.
1768.
I
'
-
....
par
'
•
„
$100,
V.:
.
ten votes
'
.
,,
for each share held.
r"'
\
\
'
-
1199 32687
Month
Gross and Net
Earnings of United Slates
the
highest recorded since March, and the net earnings were
highest since February. However, both figures showed substan¬
tial decreases in comparison with June a year ago.
the
For the month of June of the current year,
the gross earnings were
$611,939,411, which represents a decrease of $208,006,175 when com¬
pared with the preceding month of June. However, operating ex¬
penses also dropped, although not so markedly. The operating ex¬
penses for June, 1946, were $516,856,143 as compared with $541,490,418 in June, 1945, or a decrease of $24,634,275. Net earnings of $95,083,268 for June, 1946, represented a drop of $183,371,900 when con¬
trasted with the same period in 1945. These comparisons in gross and
net earnings for the month of June are presented in tabular form
below:
(+) or Dec. {—)—
%
—Inc.
Month ofJune--
1946
Mileage of 131 roads..
Gross
earnings!..Operating expenses
of expenses to
earnings
*'
:
earnings
541,490,418
(66.04)
(84.46)
k":.
'
■
■
■
'
v-
•
When these totals
t
the total.decreases, in
of 34.90 % was shown by the
contrib¬
de¬
gross the largest
Central Western region. In fact
all in the Western
The Pocahontas region in the Southern district
with the smallest decrease in gross, one of 6.56%.
came up
However, in turn¬
ing to
jiet earnings, we notice that the picture is slightly different.
In this category, the largest decrease Was shown by the Central East¬
73.12%'!
region,
ern
corded
The next largest decrease of 71.20%
net
re¬
again showed the smallest
earnings of 11.86%
A comparison
drop.
was
by the Central Western region. The Pocahontas region with
decrease in
a
of
gross
and
which have
earnings
net
divided into geographical sections is presented in the
lation.
been
following tabu¬
The boundaries of the various districts and regions are ex¬
plained in the footnote attached.
SUMMARY BY GROUPS—MONTH
District and Region
$
England region
Inc. (+) or Dec. (—)
$
%
1945
1946
.
Eastern District—
New
pV JUNE
Gross Earnings
c ■
$
(10 roads)—
21,769,044
26,675,209
—
(23 roads)—
Central Eastern region (18 roads)
99,100,397
124,680,080
—
119,423,400
155,513,132
—
240,292,841
306,868,421
—
Great Lakes region
Total
(51 roads)1
Southern
(26 roads)
Pocahontas region
Total
(30 roads)-—.
33,963,913
107,242,154
—
36,349,255
—
'
4,906,165
25,579,683
36,089,732
—18.39
—20.52
—23.21
66,575,580
Southwestern
Total
23,429,515
2,385,342
—115,615,738
819,945,586
—208,006,175
—
204,390,908
—
52,977,324
73,433,286
—
253,870,018
611,939,411
District and
,
-
(131 roads)-
Region—
'
11199940256854670—
3a
1946
1946
$
$
-1945
212,989
209,764
207,414
0.53
240,219
235,828
+ 20.01
226,752
225,803
+ 12.38
220,303
219,294
7.82
232,169
213,525
235,208
232.682
235,310
236,739
236,001
—
234,568
2,483,846
7,343,971
—
12,376,822
+
2.69
+
+
14.14
+
66,903,501
75,442,339
41,227,707
+
8.87
236,779
32,634,035 •'+
6.45
236,510
236,243
23,774,774
4.40
238,405
237,243
2.88
240,302
239,066
5.69
241,243
—
■
281,607,108
330,095,850
350,994,558
320,991,913
281.547.886
+
344,055,653
454,532,076
320,991,928
+
516,023,039
:
501,576,771
531,033,198
444,171,625
—
1940—
«...
—
—13.97
—
—
14,871,440
—
28,577,315
87,518,847
—
+
—16.46
241,608
242,320
75,062,549
—123,273,269
+ 35,484,283
+
4,482,585
1,431,003
—16.90
242,968
242,527
1.61
242,179
241,455
239,107
0.51
237,800
+
49,244,684
+ 17.53
236,814
239,020
238,019
+
20,951,175
—
—
23,881
11,542,524
42,935,989
—
31,393,465
—
+
—
6.35
235,744
—19.77
234,626
236,281
235,501
+
14.01
233,404
234,527
+
7.19
232,786
233,399
licenses
232,136
232,830
legitimate pre-war contracts with
respect to vested German patents
will remain in force.
We shall
continue to afford full protection,
to all existing rights lawfully ac¬
+
+
110,336,240
454,548,079
+
169,147,531
+
37.21
231,341
232,137
+ 123,677,292
+
19.83
229,302
231,368
799,475,442
747,325,321
820,389,756
799,475,442
819,945,586
611,939,411
6.98
228,603
+
2.62
228,509
228,667
227,692
228,267
52,150,121
20,914,314
..r
Net
,
Earnings—
Increase
Year
V
$14,357,535
+
23.99
+
3,129,346
+
4.23
74,043,999
72,794,069
76,223,732
77,237,252
—
71,689,581
+
76,093,045
76,232,017
66,202,410-
81,649,636
70,880,934
69,481,653
97,636,815
;
-
5.75
4,443,183
138,972
—
6.60
17.51
+
20,943,112
+
27.31
103,341,815
+
10,474,211
+
10.14
106,181,619
80,521,999
109,445,113
15,131,337
80,455,435
124,046,578
101,527,990
-
+
76,693,703
*36,156,952
69,396,741
21,410,927
-
-
12,167,983
113,816,026
1919—
+
-
*40,136,575
68,876,652
+
109,618,682
+
124,374,592
101,487,318
+
+
148,646,848
127,284,367
110,244,607
—
129,111,754
127,514,775
89,676,807
•
47,008,035
89,688,856
<
94,448,669
47,018,729
+
1933--.
92,967,854
—
18,438,598
—
1934
1935-™
!
—
—
64,920,431
74,529,254
1936
88,872,678
64,826,419
1937—
86,067,895
88,850,296
63,936,587
86,072,702
1939-—
42,680,821
—
55,851
56,005
26,818,169
86,712,547
—
59,894,378
—
12.89
9,608,823
37,258
37,316
10,853,889
34,973,788
—
24,119,899
—
68.97
3.13
6,042
6,012
11,856,620
13,452,243
—
1,595,623
—
11.86
43,328
22,710,509
48,426,031
—
25,715,522.
—
53.10
15,833,408
45,538
45,676
11,126,057
31,953,719
—
20,827,662
—
65.18
Cent. Western reg.—
54,530
54,663
23,686,904
82,236,003
—
58,549,099
—
79,770,820
63,937,412
79,770,812
92,404,546
+
63,553,109
+• 68.79
Iv,:,. 245,225,980
155,957,835
+
89,268,145
+*
57.24
295,434,014
245,225,980
295,407,645
+
50,208,034
+
278,682,349
281,008,912
278,455,168
4
—-
1945™—
—_
1946_
-
12,539,545
•
—
4.87
14,398,733
—
0.83
2,326,563
—183,371,900
—
28,473
28,590
10,741,629
29,126,868
—
18,385,239
—
63.12
143,316,590
—
97,762,000
—
68.21
95,083,268
278,455,168
—
183,371,900
—
65.85
228,267
NOTE—Our
grouping of the roads conforms to the classification of the Interstate
Commission, and the following indicates the confines of the different
and regions:
The Board of Governors of the Federal Reserve
licensed
American citizens.
BY
McCoy Director of ODC
FEDERAL
RESERVE
DISTRICTS
The
3 Months Ended
Boston—
Aug.
1946
Federal Reserve District—
1945
Aug.
1945
Aug.
1946
*
3,620
3,381
11,279
11,669
.32,919
—
...
31,633
111,025
112,687
Central Eastern Region—Comprises the section south 6f th6 Great Lakes Region
east of a line from Chicago through Peoria to St. Louis and the
Mississippi River
11,049
15,577
9)844
8,862
2,466
9,396
7,857
12,018
10,062
36,467
34,517
2,388
2,011
7,410
6,693
1,949
1,435
5,348
4,581
McCoy, a native of Richland, Ind.
attended Purdue University and
3,031
2,622
9,092
8,193
was
Dallas™—
2.746
2.079
8,246
6,813
8,278
7,006
24,617
Atlanta
3.163"
—
—
1
St. Louis—
Minneapolis
Kansas City—
—
*
.
—u-w—
82,728
73,208
——
Total, 334 centers
30,216
29,388
36,767
131,920
7,054
26,307
*140 other centers
-
.8,828
193 other centers
*
*
Included iA the national series
covering i4l centers;-Available beginning In1910.
^
Outstanding in August
Reports received by the. Federal
from commercial paper
market paper
000
on
.
■
Northwestern Region—Comprises the section adjoining Canada lying west of the
north of a line from Chicago to Omaha and thence to Portland,
and by the* Columbia River to the Pacific.
to
the
Western
line
Louis
from
to
Region—Comprises the section
south of the
Chicago to
to St.
Kansas
Peoria
and
thence
Louis,
Northwestern Region
and north of a line
City and thence to El Paso and by the Mexican boundary
Pacific.
Southwestern
outstanding on Aug. 30, 1946,
July 31, 1946, and $110,200,000 on
The
following
section
lying
between
are
in 1938. He was named
the totals for the last two years:
$
1946—
•
Oct.
fu-
■
1945-*
period of the current year in comparison with the June periods for
each year back to and including 1909:
,
Economy
tic Commerce
Augv 3lx,-i-^——
July
110,200,000
31—106,800,000
June 28
121,400,000
Jun.
29--i—i.---——------
May 30———
126,000,000
May
31—102,800,000
the Bureau
.148,700,000
Apr.
30—118,600,000
mestic
1
Feb.
Jan.
171,500,000
28™
31_
.
Mar. 30
178,200,000
——
Feb.
28
.173,700,000
Jan.
31
:
——
1945—
Dec.
*
'
*
31
,i,
158,900,000
Dec.
30
4
-
——-
Nov.
30—-—*——156,100,000
Oct.
31—
L_:
Oct.
31—* 127,100,000
Sep.
29
'
Sep. 28
—
-
111,100,000
Aug. 31
——
166,000,000
166,900,000
141,700,000
140,800,000
140,900,000
on
is one of five
by
a
realignment of
of Foreign and
Commerce
dif-.
as
part
do¬
of
a
plan to strengthen the efficiency
of
30
Nov.
fices created
100,800,000
146,700,000
+157,300,000
162,400,000
Chief, In-
Division,
9, 1942.: The office of Domes-
141,600,000
July 31—130,800,000
Mar. 29—
several
Following
Division.
ties
administrative promotions he was
1944—
Finally we present our tabulation of the gross and net earn¬
ings of the railroads of the country taken collectively for the June
the Treasury; De¬
July 1928. He-returned to the De¬
partment of Commerce that year
and was assigned tb the Special¬
dustrial
Aug._31_
Apr. 30_.
the Mississippi River
south of St. Louis and a line from St, Louis to Kansas City and thence to El Paso,
and^by the Rio Grande ta the Gulf of Mexico.
Region—Comprises the
service of
the
compared with $130,800,appointed Chief of the Division
Aug. 31/ 1945, the bank
-
Great Lakes Region,
a
Reserve Bank of New York
dealers show a total of $141,600,000 of open
reported on Sept. 10.
'.WESTERN .DISTRICT
ington University
A.B.
degree
in
partment on Dee; 1, 1920, and. re¬
mained with that agency Until
by the Potomac River to its mouth.
St.
-
graduated from George Wash¬
in 1928 with an
economics. lie
originally entered the government
250|395 service on Jan. 1, 1920, for a
104,703
122,769 short period of employment with
22,923 the Census Bureau. He entered
21,896
260,772
102,545
43,684
—
♦New York City
Commercial Paper
Region—Comprises the section north of the southern boundary of
Virginia, east of Kentucky and the Ohio River north to Parkersburg,' W. Va., and
south of a line from Parkersburg to the southwestern corner of Maryland and thence
of
on
11,694
Pocahontas
Central
Aug. 22 by Secretary
Wallace. He had been
serving as Acting Director of the
Office since May 1, when Gen.
Albert J. Browning resigned to
become Director of Purchases for
the Ford Motor Car Company. Mr.
nounced
Henry A.
16,354
SOUTHERN DISTRICT
West
was
3,132
•
Ohio River, and north of the Ohio River to Parkersburg, W.
Va.,
the southwestern corner of Maryland and by the Potomac River
Region—Comprises the section east of the Mississippi River and south
Of the Ohio River to a point near Kenova, W. Va., and a line thence
following the
eastern boundary of Kentucky and the southern boundary of Virginia to the Atlantic.;
from
Depart¬
^an¬
Commerce,
Commerce,
of
2,731
3,668
*
Southern
'
Domestic
ment
4,649
itS mouth,
•
of
3.452
«.
Richmond—
Lakes Region—Comprises the section on the Canadian
boundary between
England and the westerly shore of Lake Michigan to Chicago, and north of a line
Pittsburgh to New York.
/
,/
-
to
appointment of Horace B.
of the Office
McCoy as Director
5,495
Philadelphia
Great
the
have been
times to
System issued
SUMMARY
from Chicago via
thence
more
or
one
Sept. 12 its usual monthly summary of "bank debits" which we
give below:
New England Region—Comprises the New England States.
line
8,000
approximately
years
seized German patents
Bank Debits for Month of August
EASTERN DISTRICT
the mouth of
tions seized by
San Francisco
45,554,590
Total all districts- 227,692
Commerce
patents and patent applica¬
the U. S. are now
licensable under the accord.
Mf,
Markham said that during the last
man
four
Chicago—-—--u..
Total—i——. 128,541 128,934
to
65.85
'Deficit.
Cleveland
a
15.72
+
countries, more
100,000 patents will be
af->
fected by the accord." Mr. Mark-i
ham as U. S. Alien Property Cus¬
todian Will continue to administer
and license the former German-;
owned United States patents.
He
estimated that about 19,000. Ger¬
than
20.47
281,008,912
_—L
+
.
71.20
Southwestern region
Western District-
Northwestern region
and
24.76
+
95,083,268
1942—
New York
to
25.72
_
92,310,358
—
+
Aug.
43,300
K Total
•
37.00
+
2,782,401
69.07
Southern region
Pocahontas region-^
New
19.83
155,967,655
-
;
"In the various
+100.87
—
22,136,115
Custodian
added:
47.59
_
24,046,259
+
the office of
Property
Alien
the
18.67
;
20,587,220
—
The advices from
26.60
47,429,940
74,529,256
^
—
accord."
17.77
+
by the other govern¬
participate in the
which
ments
1.42
_
39,954,902
150,199,509
110,264,027
——
14.19
14.06
1,827,387
22,659,557
+
tents issued
28.92
+
20,897,156
—
wholly
mer
+
of for¬
German-owned pa¬
the royalty-free use
secure
13.16
18.37
+
—
18,571,582
127,749,692
36.03
68.91
22,846,602
29,350,006
130,920,896
patents as the Office of Alien
Property Custodian has been ex¬
tending during the past four years »■
to American citizens.
In addition,
American citizens Will be able to
432.15
+
14,427,896
—
150,174,332
-
272.90
+
28,989,678
149,492,478
—
+
—
130,837,324
-
—134.05
—142,338,571
+ 109,533,316
47,465,725
+
65,390,662
*
royalty-free, non-exclusive
licenses
under
vested
German
fits of
0.18
_
4,678,524
—
quired in vested patents by norlGermans.
The accord permits
citizens, of
other
participating
countries to obtain the same bene-
6.32
+
4,534,151
■
—
%
+
$59,838,655
77,173,345
-
"Lawfully
acquired exclusive
will be respected,. and
(+) or
Decrease (—)
Preceding
$74,196,190
-
228,991
+
—25.37
+
+
—208,006,175
~
Year Given
June
1912—
there are no lawfully acquired
proprietary interests, licenses Or;
claims held by non-Germans prior
to Aug. 1, 1946, which would con¬
flict with the issuance of licenses.
Mr. Markham also said:
69,387,450
39,444,027
23,063,725
623,695,612
344,195,836
"V Southern District—
4
240,932
patents which are being licensed':
to citizens of other countries under>
the accord are those in which
(In millions of dollars)
Total
groups
242,333
+ 32.06
Month
—73.12
:
+14.43
—
241,349
623,695,610
1944_
patents will continue
to be available to American citi- ?
zens as before.
He added that the-
242,494
—33.40
+
Markham;
Mr.
accord.
said that the
235,691
747,372,904
1943—
64.89
—
236.683
the
ing
236,357
+
506,002,036
538,758,797
u,.
non-exclusive, royalty-free basis
to citizens of other countries sign¬
235,059
+
473,150,664
540,202,295
464,774,329
351,047,025
66.18
36,432,587
4,860,125
23,640,788
—
12,791,799
6.80
—
208,598
460,007,081
280,967,649
119923454087603
+ 15.60
540,054,165
464,759,956
330,212,333
—
+
Aug. 8 an¬
nounced that the recent accord on
German-owned patents
extends
his. office's policy of licensing for-."
mer German-owned patents on a
James E. Markham on
241,550
242,111
+16.49
Custodian;
Property
Alien
218,379
472,383,903
282,406,506
on
6,541 f 6,563 '
25,429 ^ 25,562
Owned Patents to Others
210,288
4.30
+
65,622,874
33,582,095
277,923,922
%
$
New England region.
Great Lakes region-.
23,880
6.95
49,696,242
40,003,412
30,769,974
245,869,626
Inc. (+) or Dec. (—)
1945
Cent. Eastern
region.
!
280,975,503
Net Earnings
—
Mileage
Eastern District—
+
—
1,313,837
+
282,406,507
—25.37
91,661,562
Total all districts
189,863
—
16,873,448
10,355,877
+
—
281,353,909
—31.29
67,829,976
133,062,718
—
193,886
47,536,779
+
1935—
—21.85
6.56
369,485,756
(16 roads)—
region (14 roads)
roads)
6.38
6,519,626
14,579,115
1934
—26.00
—34.90
—27.86
—
(20
+
27,805,640
1933—
—
23,831,586
71,328,190
20,455,962
143,591,409
region
204,596
222,825
200,901
2.73
+
369.133.884
—17.98
117,776,552
(50 roads)-—-
+ 13.23
+ $26,309,748
245,860,615
Western District—
Central Western
+ 14.29
194,689
-+
369,212,042
1913
Freced'g
197,648
"
1929——
—21.70
25,814,857
—
Northwestern region
'
U.-S; to License German-
Ye'ar
Year
Given
(—)
1938
83.812,639
(4 roads)—
Dec.
506,124,762
539,797,813
516,448,211
502.455.883
531,690,472
444,274,591
District—I
Southern region
—
Mileage^
EarningsInc. (+) or
of
the three regions with the largest decreases were
district.
—65.85
—$183,371,900
regions, it is evident that all sections ^ith few exceptions*
crease
-
subdivided into geographical districts and
are
uted almost equally to
—
-
$278,4^5,168
$95,083,268
—
0.25
—25.37
— 4.55
575
—$208,006,175
—
24,634,275
—
$819,945,586
516,856,143
Ratio
Net
228,267
111999343026827
-
1914_.
1915™
Amount
1945
227,692
$611,939,411
11199922045367
28
1909
Gross and net railroad earnings for June showed increases over
the month of May of the current year. The gross earnings for June
Year
Preceding
$210,356,964 $184,047,216
210,182,484
237,988,124
238.499.885
"231,980,259
228,647,383
243,226,498
259,703,994
242,830,546
230,751,850
241,107,727
248,849,716
247,535,879
285,149,746
237.612.967
351,001,045
301,304,803
363,165,528
323,163,116
393,265,898
424,035,872
486,209,842
420.586.968
494,164,607
460,582,512
Given
1910—-i—;
; ; ■:
Gross
;
••••.-•vi Year.*' Ys
■
June
Railroads for lite Month of June
were
.—;
& of
the
and
Department of Commerce
provide business and govern¬
ment with more direct and
tive servies.
*
-
*
effec¬
-
;(=
Vv
V-^'V
■
.Volume 164
Number 4533
•#: '
THE COMMERCIAL & FINANCIAL CHRONICLE
1919
State and City Department
BOND PROPOSALS AND NEGOTIATIONS
ALASKA
Alaska, (Territory of)
(
;
Jmir'•-Veto:
Returns Favorable
mitted for approval to
& Myers, of Los Angeles, and the
opinion of said attorneys will be
furnished to the successful bidder
v
approved oh Sept. 25^ by Gover¬ porate limits
Atlanta*
Raymond E. Baldwin.
of
Decatur
and,
nor
Governor Baldwin's approval of
At. the
.
time*
same
election
an
will be
held for all voters in De¬
given infor¬
without charge. AR bids must be mally pending the preparation, of Kalb County to ratify a $1,350,000
Alaska's advisory referendum on
unconditional. Enclose a certified the necessary
legal certificates. It bond issue for public improve-*
statehood were solidly in favor of
check for not less than 3% of the was, given following the formal ments.
the move, according to press dis¬
A total
of $1,000,000 of this
par value of the bonds /bid for, request of the Commission for is¬
patches from' Juneau on Oct. 9. It.
amount
is
earmarked for
con¬
payable to the County Treasurer. suing authority.
was reported that voting was the
structing, expanding and enlarg¬
heaviest since 1940. A heavy Re¬ San Bernardino- County Sch. Dists. .^Commission Chairman E. Lea
ing the county's sanitary system.
Marsh, Jr., of Old Lyme, an¬
publican ; vote was indicated and
(P. O. San Bernardino), Califr
to
Statehood—Rutial returns? from
the possibility loomed that the
Republicans would increase their
strength in the Territorial Legist
lature.
r
bv
.ki
The referendum will determine
whether Alaskans want Congress
to make their 586,400-square-mile
territory into the nation's largest
state, but a favorable vote would
be .onlythe
first
step toward
statehood.- AA enabling ac|would
have ta be pass^i ^y Congress
and
a
state constitution adopted.
Yuma County (P. O, Yuma), Ariz.
/Bond Call—William
State
T.
Brooks,
Treasurer, calls for payment
oh Nov.
f
•Said bonds will be redeemed at
thereof
amount
and
ac¬
crued interest thereon to and in¬
cluding Nov. 1, 1946.
Said bonds
must be surrendered on redemp¬
tion date (with all interest cou¬
maturing subsequent to re¬
demption, date) for payment and
pons
cancellation.
Interest
ceases
on
date called.
not
$i,160>OOO San
Ark.
Pending
—
City Council is said to have
ommended
recently
the
The
over a
School
District
bonds.
Due
$13,000 Nov. 1, 1947 to 1966.,
Rate of interest to
fc} multiples of % of 1% . Prin¬
cipal and interest payable at the
County Treasurer's office. Enclose
v
'
Of.
I Bonds; Voted—An issue of $140,000 "water filtration plant bonds
was ratified at; the election held
ion Sept. 25k
Orange County School Districts..
;
(J?* Q. Santa, Ana)x Cab
;
J.
Smith,
County Clerk, will receive sealed
a. m. on Oct* 22, for
the j purchase
of the following
buds until-11
$400,000
to
bear not exceeding 5% interest:
Newport
Beach
School
b; /District bonds.
1961,
1966.
•
^
Due June 1,
$7,000 in 1947 to
follows:
and
$9,000
Garden
J- rHigh
to
Schoal
Union
District
bonds.
1, as follows: $14,000 in 1947 to 1963, and $12,-
.
V,'
•
;
1962
Grove
-Due June
•
:
in
?
-250,006
;
000 in 1964.
Dated
June
$1,000.. The
1,
1946.
proceedings
Massnick,
Charles
lard- H,
Harold Dickey^ town
Enclose
check for 4%
The
San Diego County, San
Diego City
School District (P. O. San
Diego),
Cal.
Bond
Election—An issue of $6,866,000 construction bonds will be
to
the
voters
on
the
at
Nov. 5.
Stanislaus County, Valley Home
Joint School District (P. O.
Modesto), Calif.
for
residents,
cayne
and
Bay.
Bond
Offering—C.
Eastin,
Ventura
Cd.untyj,
*
Oxnard
Elementary Sch. Dist. (P., O*
frfcpi-: Ventura)* Calif.
Bonds Voted—At
the voters are
tion
a
recent elec¬
said
to
have
000
COLORADO
.
County High
Georgia (State of)
County-Unit Voting System Up¬
held By
Memorial
Hospital,
and $500,000 North Dade County
park
j^oiids.^
:
Dade County (P.O.Miami), Fla.
S. Court—The state's
U.
county-unit
under
which
vote system,
Eugene Talmadge
won
fourth
term
unique
a
desired, at the fiscal agency in
New York City. The County will
Spalding,
&
Troutman
Sibley,
be delivered free of cost
Commissioners
the
to;
Jan.
on
popular
approval, was
upheld Aug. 25 by a three-judge
Federal
lated
court
no
said
which
:
it vio¬
Constitutional guaranties
of equal rights.
Former
Governor
Talmadge's
nomination in. the July 17 Demo¬
cratic
primary,
tantamount
to
election in one-party Georgia, had
been
challenged
by
two
voice in the electorate
citizens
of
less
populous
with
counties.
School
Bonds Voted—An issue of $13,-
500
site purchase bonds
at an election held
carried
recently.
Le wist on, Ida.
Bond Offering—The
City Clerk
Vrill receive sealed bids until 7:30
p.m. on Oct. 14, for the purchase
of $90,000 right-of-way purchase
coupon bonds.
Due on Feb. 1, as
follows:
$12,000 in 1948, $19,000in 1949 and 1950* and. $20,000 in
1951 and 1952."
,
ILLINOIS
of
them equal
lndependent
District No. I (A Q. Boise), Ida*
citizens
populous Fulton and DeKalb
Counties (Atlanta) on the ground
that the unit-vote system denied
Roads,'
of
IDAHO
Governor
as
without
Collinsville, III.
'
Bond
Legality
Approved—An
of. $160,000 2%%
water
works,
and
sewerage
revenue
bonds has been approved as to
issue-
Under the system, the candidate legality by Charles & Trauernicht,
of St, Louis;y Dated May 1* 1946,
carrying the county gets the unit
vote and the unit vote determines
Fulton
nomination.
the
with
a
six
County,
These
bonds are part of
thorized issue of $350,000.
an
au-
population of 406,865, has Cook County (P. O. Chicago), lib
votes;
Chattahoochee
unit
County, with 1,463 people, has two
.Warrants Called—It is stated by
Victor
unit votes.
4 L.
County
Schlaeger,
Treasurer, that the following 1945
Proponents of the system say it county tax warrants are called for
prevents control of the state by payment:
big city political machines.
Corporate Nos. 94 to 793, in the
The three judges, in a unani¬ denomination of $5,000 each,
r
mous
opinion,, said, "pur system
of government,; state
has
sought
never
and Federal,
demanded
Highway Nos, 21 to 220, in the
$5,000 each.
denomination of
nor
Interest
that each voter should have equal
accrual
these
on
war¬
rants terminated Aug. 24.
Money
voting
influence,
though
that
for their payment is available and;
might seem an ideal of democracy.
will be redeemed on
"In
our
Federal
government
presentation
through any bank or to the Coun¬
each state
ty Treasurer. "■
'
;
has in the Senate two 'unit votes'
under
its
Constitution
Sale
Effingham County Community High
x
School. District No. 82
(P. O.
Altamont)) III.
Bonds Offered for
Investments—
iy2% build¬
ing bonds is being offered for
President, so that there have public: subscription by R. S. Dick¬
payable M-S.
Sept. 1,
been Presidents who did not re¬ son & Co., of Charlotte.
Dated
These bonds are due from 1947 to
ceive a majority of the popular July 1, 1946. Denomination $1,Q0Q*
'-GEORGIA
1956.
Vote."
Due July 1, as follows:
$8,000 in.
DeKalb County (P. 0„
1947 to 1961, and $9,000 in 1962. to
Trinidad* Colo.
Muscogee County (P. O. Columbus,
i 1966. Principal and interest pay¬
B°nd
;
Atlanta), Ga.
Election—An
issue
of
Georgia
Bond Election—The
voters of
able at the First National Bank,
$150,000 airport bonds will be sub¬
Bond
Offering—L.; P. Banks,,
the county are scheduled to pass
Altamont/ The bonds are direct
mitted to the voters at the
general
Chairman, has announced that the
on the issuance of bonds
totaling Commissioners of Roads and Rev¬ general obligations of the entire
election to be held to November;
$2,600,000 at an election on Oct. 29.
District, payable from unlimited
enues will sell by competitive oral
Of the total sum, an issue of
ad valorem taxes levied against
$1,v CONNECTICUT
bidding until noon on Oct. 16, the all the taxable property therein.
250,000 will be for a school im¬
Connecticut (State of)
following 1 Vz % bonds amounting
provement program planned by
Legality approved by Chapman &
b- Saybrook
Bridge Bond Issuance the county's Board of Education to $1,950,000 authorized at the Cutler, of Chicago.
Denver, jointly—v. 164,
were
sold at
p.
1770—
Dated
price of par.
1946.
Denom.
$1,000;
ar
Authorized—It is
immediate
stated
that
the
issuance
by the Old
Lyme-Saybrook Bridge Commis¬
sion of $6,000,000 in bonds to fi¬
nance
Connecticut River Bridge author¬
ized by the State Legislature was
Jackson
Principal
Atlanta, or
if
Adat County
Bond % Sale- — The
Colo.
$1,500,000
Details-^The $216,- causeway revenue bonds offered wholly regardless of population,
for, sale on Oct. 8—v. 164, p. 1639-?- in the Electoral Colelge in choos000 1%% and the
$14,000 1V4%
building bonds awarded recently were awarded to the Florida Na¬ confirming treaties and appoint¬
tional Bank, of Miami, as
to Boettchef
3%s, at ment to; Federal office;.
Co., and Peters,
a price of
Writer
par.
Dated March 1,
"These unit votes also appear
Christensen, both of
Bond
for
the
bonds amounting to
$6,300,000:
$200,000 storage building; $1,250,000 public auditorium; $2,000,000
approved the issuance of $300,000
aquarium and equipment; $100,000
constructions .bonds
by a wide
South Dade County Park; $2,250,margin;
Denom.
issuance of said bonds will be sub¬
resolution at its meeting on Oct.
1* to? submit to the voters at the
Nov.
5
election
the
following
and interest.
and interest payable in
principal
One million dollars of the 1944
was allotted for county
road'inipijovemenL
of
1, 1946. Denom. $1,000. These stages of construction. The Kenil¬
worth is scheduled to open for
bonds are due $1,000 Dec.
1, 1947
to
1970., Principal and interest the new season Dec. 15.
(J-D)
payable
at
the
County Dade County (P. O. Miami), Fla.
Treasurer's office. Enclose a certi¬
Bond Election—H. S. Sweeting,
fied check for 5% of
the;.bonds Deputy Clerk of the Board of
bid for, payable to the Chairman
County Commissioners, has an¬
of the Board of Supervisors.
nounced that the Board passed a
issue
apd Revenues is required.
;
lights,
Clark, and the
$1,600,000 Kenilworth of Thomas
E.
Raffington, are in advanced
Denom.
1947.
15,
All of said bonds of each
are registerable both
as to
16, 1947, at Columbus, or Atlanta,
at the option of the purchasers. A
certified check for $19,500 payable
marshal!.,
ment houses and some 200 modern
C.
Jan.-
Dated
bond total
beach club on the
yacht club on Bis-
Installation
U
$1,000.
total issue.
R.
underground
telephones
and
water and sewer lines, along with
the laying of streets and curbs, is
progressing rapidly and will be
completed in two months. A total
of 15 ocean-front hotels, 30 apart¬
,
electric
v
Kelly, of Atlanta, without charge
to the purchasers.. The bonds will
$100,000, $250,000 and $50,000,
respectively, for these projects
which were part of a $1,600,000
a
a
1977.
300,000 wateE works bonds. Due
$10,000-Jan. 15,1948 to 1977.
furnish thq approving opinion of
village
ocean,
$5,000 Jan.. 15,. 1948 to. 1977.
of
will have its own
private
of the bonds bid for, payable to; schools and fire and police depart¬
the County Treasurer.
ments, with two community clubs
certified
;
100,000 sewer bonds. Due Jan.
15, as follows: $4,000 in 1948
to 1957, and $3,000 in 1958 to
v
remaining $350,000 would
divided as: follows:
$150,000
bond issue made available amounts
business section, churches,
a
150,000 health center bonds. Due
;1:
the courthouse, $150,000 for
the office and jail building, and
$50,000 for the library. The 1944
Mary Wetterer
town
clerk,
and
Selected
1977.
new
for
Webb.
approving opinion dff O'LTeXveny & Meyers,. of Loa ..Angeles,
an
(P. 0. >Cortez>),
as
E.
was
The bonds will be sold with
3% of the amount of the bonds bid
$150,000
Glenn
construction
of
the
new
1946.
are
in
Denom. $1,000. These bonds
due March 1, 1971.
Interest
an
effort
crowded
to
alleviate
conditions
present
in
buildings
and to add teacher personnel to
the system.
;
.
The
voted
school
on
bond issue
will
be
by residents of DeKalb
County who live outside the
cor¬
>
1958 to
and $3,000 in
1957,
'
new
The
•
be
three Army Air Forces veterans,
fice.
for* payable to' the vChairman of Montezuma
County,
the Board of Supervisors.:
School. District
fVv
$30,-
$17,000 in 1958 to
f
,
•
used foE
projects was approved by a coun¬
ty bond issue vote in November,
11944, but since that, time the in¬
creasing growth of the county,,
plus higher cost of construction
materials,
have made another
bond issue necessary.
Graham, and Ray Semmes, Jr.;
and George Whittaker and Wil-
Nov.
certified check for not less than
amounting. to
new
1, 1946.
Denom.
$1,000. Principal and interest pay¬
able at the County Treasurer's of¬
Dated
purchase of $24,000 school bonds,
not exceeding 5% interest. Dated
„
taonds
a
Dec.
purchase of $75,000 school
bonds, not exceeding 5%, interest.
Dated Nov. 1,1946. Denom. $1,000.
These bonds are due Nov. 1, as
follows: $15,000 in 1947, and $5,000
Offering—B.
Harhout, Fla.
Model Town Incorporated—The
View of Harold A..
the
■"J.Bond
: s
State of Florida has
be
;;Money;for these latter three
FLORIDA
to 1957,. and
100,000 park bonds ^Due Jan., 15,
as follows:
$4,0.00 in 1948 to
'
library; building.
apd, put out for bid.
County Clerk, will receive sealed
County Clerk, will receive sealed
bids until 10 a. m. on, Oct. 15 for
>
up
will
improvements, a
building and a
office and jail
drawn
bids until 2 p.m. on Oct. 28 for the
Angeles), Calif.
.Bond Offering—J. F. Moroney,
'
have the bond certificates
courthouse
to
a
Los
Martinez, Cat.,
steps
remainder
The
Commission
the
35-year
Los Angeles County, Culver City
School District (P. O.
a
that
.
take; immediate
homes will be built in the village.
Two hotels, the $2,000,000 Sea
CALIFORNIA
in 1948 to 1959.
was
000,006 model town, aa A resultof
$50,000 in 1947 and 1948, $60,- the recent official
incorporation
000 in 1949 to 1964, and $50,of Bal Harbour Village, which is
000inl965 and 1966.
/
being built just north of the city
220,000 Chino Unified: Elemen¬ of Miami Beach.
tary School District .: bonds.
J. Julien Southerland, Miami
Due $11,000 Nov. 1, 1947 to
Beach attorney, has been elected
1966,
mayor by the residents.
Other
260,000 . Chino
Unified
High members of the council include
rec¬
issuance
of $100,000 hospital bonds, with
maturity schedule
period.
Bernardino 'Valley
■*
Springs,
Issuance
would
Bal
Union Junior College District
bonds. Due Nov. 1, as follows:
submitted
Siloam
nounced
issue
exceeding 5% interest:
election to be held
ARKANSAS
•Bond
Clerk, will receive
sealed bids until 11 a.m. on Qct,
21 for the, purchase of the follow¬
ing bonds amounting to $1,640,000,
1, at his office in Phoe¬
nix, the following bonds:
| Road bonds. Dated Dec. 31,1913.
Highway improvement bonds.
Dated March 4, 1921.
Highway improvement series of
im Dated April 1, 1929.
the face
Alli¬
County
bond
.
§
ARIZONA
;
Bond Offering—Harry L.
son,
the
„
g.y:: 1977.
in the Electoral College
ing
An issue of $165,000
in choos¬
a
election held
on
July 17:
1
$800,000 road improvement bonds.
f
Due Jan. 15, as follows: $26,000 in 1948 to 1957,. and $27,000 in 1958 to 1977.
.
Due Jan.
follows: $16,000 in 1948
500,000 airport bonds.
15,
as
Bond
Georgetown, III..
Election—An
issue
of
$50,000 street improvement bonds
will be submitted to the voters
at
the
election to be held , on
Oct.
15.
THE COMMERCIAL & FINANCIAL
1920
1948
Hamilton County (P./Q«.McLeansof
issue
—
for
pay¬
will be submitted to the voters at
on
a certified check for $1,000, payable to the City Treasurer.
Township School, ' Township
1957, as lyis, and $500,000 matur¬
(P. O. Gienwood, R. R. '
ing $50,-000 Feb. 1, 1958 to 1965,
No. 1), Ind.
and Feb. and Oct. 1, 1966, as IV2S.
Bond Sale Details — It is now
Interest payable F-A.
Denom.
stated that the $25,000 building
The
bonds awarded on "Septr 26 to $1,000. Dated Oct. 1, 1946.
balance of $4,600,000 was not sold.
Kenneth S. Johnson of Indian¬
Oct. 22.
City
County
(P.
O.
Yorkville), III.
r
J'* 6onds Voted—An issue of $400,€00
construction
favorably
lield
road
voted
bonds
as iy4s, at a price of 100.62
164, p. 1770—are dated Sept.
1, 1946, and mature as follows:
$1,000 on July 1, 1947; $1,500 on
Jan. 1 and $1,000 on July 1, from
' 7
K'T
i
7iV'"• !
Jan. 1, 1948 to Jan. 1, 1957, giving
a
basis of about 1.14% j. Interest
apolis,
was
Sept, 10.
on
Metropolis, III.
" '>
Bonds
:
Approved—An
Legality
Issue of $213,000 1% %, 2y4%, 2V2 %
and 2%% electric light plant and
system
has
refunding
Bond Sale
Iowa
Bond Sale—The
Election
Bond
11
Details —It is now
station
and fire
garage
bonds awarded on
due
Wheelock
Carleton
Sangamon County (P. O.
Springfield), III.
iy2s at
Des Moines
re¬
now
house
bonds
i
Iowa
Offering—George L. Gar-
Bond
will ton, Secretary of the Board of Di¬
rectors, will receive sealed bids
at the April primary,
to the electors on
be resubmitted
until
general ballot at the Nov. 5
the
Independent Sch. Dist.,
;
$1,500,000 court
that were voted
the
that
down
is
Election—It
Bond
10
a.
on
m.
Oct. 29 for the
$1,000,000 building
bonds. Dated Dec. 1, 1946. These
Shabbona, III.
botids are due Dec. 1, as follows:
Bonds Voted—An issue of $7,$30,000 in 1947 to $110,000 in 1948,
4)09 lighting bonds was approved
$5,000 in 1949 to 1960, and $160,at an election held recently,
000 in 1961 to 1965. The bonds are
purchase
Election.
Suez Township (P. O. Alexia), III.
Bonds Voted—At a recent elec¬
tion the voters are reported to
offered
of
opinion of Chapman & Cutler, of
,.
approved the issuance of
$70,000 road construction bonds.
have
West
.Bonds
Frankfort, III.
It
Sold
the charges for said opinion as
well
as
furnish
printed bonds
reaidy for execution.
Henry County (P. O. Mount
Clerk
City
Pleasant), Iowa
tSewer revenue
bidding
Walter,; Woody
was
,
Heimerdinger, he reports;
INDIANA
'
Marion County (P. O.
Indian'
164,
v.
jointly,
purchase of the follow¬
ing bonds amounting to $398,000,
not exceeding 5 % interest:
$242,000 voting machine bonds.
:A;Due $6,000 June and Dec. 15,
y-
1947 to 1965, and $14,000 June
\
15, 1966.
track
Due
^4..
yc.
cbf
bonds.
.1947 to June 15, 1966.
Dated
KANSAS
,
Oct.
interest.
direct
1946.
15,
1% airport bonds have
been
purchased
by the Baum,
Bernheimer Co. of Kansas City.
Denom.
$1,000.
Dated April 1,
1946. Due $1,000 from April 1,!
1947 to 1956, inclusive. Principal •
and interest payable at the State
Denom.
These
bonds
are
on
to be levied and col¬
all of the taxable prop¬
erty within the County.
"certified dheck for 3%
value of the
bonds
Enclose
a
of the par
bid
for, pay¬
able to the Board of County Com¬
missioners.
These
offered for sale
.of which
was
on
bonds
were
Sept. 6, the sale
cancelled.
.
Bond
Sale—Of
the.
,
Harlan,
at
of
—v.
enue
bonds.
Election
amendment
purchase of
Harlan), Ky.
of
103.00,
$25,000,000
Pierce, Fenner & Beane, Hallgarten & Co., Eldredge & Co., L. F.
Rothschild &
Co., all of New York,
Harris, Hall & Co., of Chicago,
F. S. Moseley & Co., White, Weld
Weigold
&
.
Oct.
on
000
County. Cburt
Clerk,
These bonds will be due
follows: $2,000 in 1947
$3,000 in 1957 to 1961.
Principal and interest payable at
the County Treasurer's office.
$1,000.
Oct. 1,
as
Co.,
in 1955 and
Bond
of Kansas
Oct.
City, Campbell, Phelps
of
Co.,;
New
>
York,
Blewer,
Glynn, of St/Louis, and
Co., of New
York, at a« price of 97.63, - a net
interest cost of 1.63%, as follows:
.
•
v'. 1
" '
\
1
'•
'
' .1'
;vV-:
j
Li
-
at
an¬
- for
bonds,
a
about
1946.
the
will
of 101.77, a basis of
1.36%.
Dated
Oct.
15,
Denomination $1,000. These
price
bonds
due on Oct. 15, in 1947
are
to 1976.
Interest payable A-O.
.
purchase
sewer revenue
a
1956, $34,000
receive sealed
m. on Oct. 14, for
of $10,000
1%%
bonds.
district
Dated Oct.
These bonds are due on
No.
Bank of Kalamazoo.
12
Battle Creek School District; Mich*
Note
Sale—The $300,000 tax
$1,000. Bids.must state
proposed rate and premium.
subject to deliv¬
anticipation notes offered for sale
on
Oct. 7—v. 164, p. 1771—were
awarded to the Central National
Bank of Battle Creek, at a rate of
1, 1947 to 1966.
Denom.
Bonds to be sold
ery
Secretary
the
at
State's
of
bonds are regis¬
tered.
Enclose a certified check
for 2% of the bid.
office
on
date
(Pi O, Alex-
Bond
Election
La.
; >
Pending
—
It is
reported that the Parish Police
Jury has decided to call an elec¬
tion to "submit to the voters an
issue
of
$750,000
Center Construction
Agricultural
bonds.
r
as
'■
J.1
UVi'
fcV'"
'
$1,000 from Jan. 15, 1948 to
1965, incl., giving a basis of about
2.90%.
Prin. and int. (J-J) pay¬
able at the American
National
Oct.
Due $2,000 from
bonds.
the
Augusta, jointly, as 3s, at
price of 100.834—v. 164, p. 1771
dated July 15, 1946, and ma¬
ture
$36,000 in
$37,000 in 1962
andria),
follows: $7,000 in 1947
to 1951, $8,000 in 1952 to 1954,nnd
$1,000 ! in .1955.: The bonds are
being issued subject to the ap¬
proving" opinion * Of Peter/; Heyburn & Marshall;.- of Louisville;
1,
Bank of
—are
1959,
Rapides Parish
will
bids until 2 p.
1, 1946.
Sept. 25 to the American National
Bank of Kalamazoo, and the State
and $38,000 in 1964
.school
40,000
*
Offering—Phil J. Thorny,
the
to
and 1963,
Henderson, Ky.
i
Inc., all of New York, Rambo, Close & Kerner, of Philadel¬
phia, Prescott, Wright, Snider Co.,
Donald MacKinnon &
providing
1960 and 1961,
a.m.
the purchase of
school
building
to 1956, and
& Co.,
&
has
constitutional
highway
1957
in
a
bonds. Dated Oct. 1, 1946. Denom.
Sale—The
Heitner &
Junod,
to 19J6.
9, for
2V2%
City- Clerk,
$40,000 bridge
bonds offered for sale on Sept. 30
—v.
164, p. 1639—were awarded
to the Peoples Loan & Trust Co.,
of Winchester, as Is, at a price of
-100.40, a basis of about 0.87%.
Dated Oct. 1, 1946. Denom. $1,000.
These bonds are due $4,000 July
1; 1947, and on Jan. and July 1,
L.
$650,000 school district 3 and 2
merged bonds. Due Aug. 1, as
follows: $26,000 in 1947 and
1948, $28,000 in 1949 to 1952,
$30,000 in 1953 and 1954, $32,-
Interest
2.108%.
received sealed bids until 10
$35,000
Union Securities Corp., Equitable
Securities Corp.,
Merrill Lynch,
E.
A.
—
the
that
Paine, Webber, Jackson & Curtis,
both of Boston, jointly, as l%s,
(State of)
Assistant State Treasurer,
nounced
164, p. 1771—were awarded
Robert Hawkins & Co., and
to
-
Louisiana
Bond
.
(P. O.
bonds offered for sale on Oct. 9
Qffered.— Mrs. Elmon
Winchester), Ind.
Bond
price
a
about
Middleton,
was.
Chas.
Amherst, Mass.
Sale—The $147,000 sewer
nicipal light and water plant rev¬
fered for sale on Oct. 9, were
awarded to F, L. Dupree & Co.* of
Laurence M. Marks & Co., Francis
I. duPont & Co., Geo. B. Gibbons
Randolph County
a.m.
Bond
eral obligation, and $875,000 mu¬
$35,000 2Vz%
school building revenue bonds of-
$5,600,000
awarded to a syn¬
dicate composed of Lehman Bros.,
Co.,
MASSACHUSETTS
5* election:
$465,430
street paving and drainage gen¬
Sale—The
Bond
Bonds
Oct. 7—v. 164, p. 1640—a block of
&
to $1,340,430 will
Novembfer
payable A-O.
building bonds offered for sale on
$1,000,000
Harlan County (P.O.
basis
Wichita Sch. Dis.,No. 1, Kan.
the
obligations of the County,
lorem taxes
•
reported that
$10,000
Treasurer's: office.
•payable out of unlimited ad va¬ /
lected
El Dorado, Kan.
Bidders to name the rate
$1 ,000.
4
elevation
$4,000 June and Dec. 15,
10
1, 1946. These bond)
due Oct. 1, 1947 to 1955.
are
following
■
102.800.V
21 for the
156,000
Oct. 8—
Co., Des Moines,
l%s, at a price of
for
Oct..
sealed bids until 10 a, m. on
,
on
p.
receive
will
Auditor,
$75,000 hospital
bonds offered for sale
al Bank & Trust
Offering—Ralph F. Moore,
jpounty
Bond Sale—The
1770—were awarded to
the /Henry Coiftvty Savings Bank,
&
of Mount Pleasant, as l%s, at a
price of 102.801. The next high¬
est bidder was the White Phillips
Co., and Iowa-Des Moines Nation¬
apolis), Ind.
Bond
to legality, and each
as
bidder must agree to assume and
pay
stated by
is
that
$500,000
bonds were offered
*ior
sale
on
Sept. 9 and were
ra warded
to Rarcus, Kindred &
Co. of Chicago. Runner-up in the
*tbe
Chicago,
until
14, for the
at
$105,000 street and sewer bonds.
18,000 school bonds.
be submitted to the voters at the
Frank P.
Falls:
of Rumford, as
price of 100.57;
a
Dated Oct.
The
were
Rumford
*
approving
subject to the
bonds amounting
—
recently,
the
$150,000 school building refund¬
Grafton, Mass.
[yyj&s
Other amend¬
ing revehue bonds. Dated Oct. 1, Nov, 5 election.
Notes Sold — It is stated by the
1946. Denom. $1,000.
These bonds ments to be voted on at the same
Treasurer
that
$13,350
are due May 1, as follows: $4,000
time authorizes bond issues for Town
in 1947, $7,000 in 1948 and 1949, charitable, corrective and penal temporary loan notes were offered
$8,000 in 1951 and 1950, $7,000 in institutions and is designed to on Sept. 6 and were awarded to
1952, $8,000 in 1953, $7,000 in 1954, provide the funds for improve¬ the Mechanics National Bank of
$9,000 in 1955, $8,000 in 1956 and ments and expansions of many of Worcester, at 0.45%. Due in %
1957, $9,000 in 1958, $10,000 in the State's institutions, including year. Second best bid was an offer
1959, $12,000 in 1960 and 1961, a mental hospital in the New Or¬ of 0.69%, made by the Merchants
National Bank of Boston.
$7,000 in 1962, $6,000 in 1963, $7,- leans area.
000 in 1964, and $6,000 in 1965.
Stoneham, Mass.
Morehouse Parish (P. O.
Principal and interest will be
Note Sale—The $25,000 sewer
Bastrop), La.
payable at the Farmers Deposit
Bond Offering—Lula Mae Jones,
coupon notes offered for sale on
Bank of Pearce, Fant & Co., in
Oct.
8, were awarded to EstaFlemingsburg.
A certified check Secretary of the Police Jury, will
brook & Co., of Boston, as Is, at a
receive sealed bids until 2:30 p.m.
for $3,000 much accompany the
011
Nov. 5, for the purchase of price of 100.307, a basis of about
bid.
v,
$400,000 2% drainage bonds. Dated 0.889%. Dated Oct. 15, 1946. De¬
Bond Call* Frank P. Boone,
nomination $1,000.
These bonds
Nov. 1, 1946. Denom. $1,000. These
County Court Clerk, calls for pay¬
are due $5,000 on Oct. 15, in 1947
bonds are due on Nov. 1, in 1948
ment on Nov. 1, all outstanding
to 1951.
The next highest bidder
to
1961.
The Bastrop Bank &
3%, 31/2% and 3y4%, Central High
was
the Second National Bank,
Trust Co., of Bastrop is designated
School building revenue bonds is¬
as paying agent.
The bonds are Boston, for Is, at a price of 100.20.
sued under date of May 22, 1944.
secured by a special tax.
The ap¬
These
bonds, with all unpaid
MICHIGAN
proving opinion of Chapman &
coupons
duly attached thereto,
Allen Park, Jlfic/ii. •
Cutler, of Chicago, will be fur¬
should, on redemption date, be
nished.
A certified check for $4,t?Bcind. Call—Stanley, H* Burbank,
presented for payment at the
000, payable to the Police Jury; is
Farmers Deposit Bank of Pearce,
Village; Clerkt/ralls for payment
required.
on
Nov. 1, at par and accrued
Fant
&
Co., of Flemingsburg,
whereupon the County will pay Morehouse Parish School Districts interest, outstanding bonds Nos.
458 to 467, dated Nov.
1, 1944,
to the owners and holders there¬
(P. O. Bastrop), La.
maturing Nov. 1, 1967. Said bonds
of the face amount of each bond,
Bond Offering — E. D, Shaw,
together with accrued interest to Secretary-Treasurer of the Parish should be delivered to the Manu¬
redemption date at the rates spe¬ Board School, will receive sealed facturers National Bank, Detroit.
cified in the respective bonds and bids until 11 a.m. on Nov. 5, for Interest ceases on date called.
together
with the redemption the purchase of the following
Augusta, Mich.
premium specified in connection bonds amounting to $690,000, to
Bond Sale Details—It is now
therewith.
Interest will cease to bear not exceeding 3% interest: •
stated! that the $18,000 coupon
accrue on date called.
water revenue bonds awarded on
-
ported
—
Election
sale
Trust Co.,
be held
to
to
be submitted to the voters at the
price of 101.4130.
a
Oct.
on
bids
sealed
receive
Cummins, and
for
&
Beh Co., jointly,
D.
Offering
election
for
awarded
y Eunice, La.
Bond
Boone, County Court Clerk, will
Childs &
of Michigan Corp., C. F.
Co.,
Bond
the
at
Sale
amounting to $123,000 and
offered
of
issue
Oct. 29.
^
Fleming County (P. O. Flemings:
burg), Ky.
bidder was the
Ripley & Co., Inc., First
Harriman
office.
-i<}
These bonds
next highest
The
price of 102.00—v. 164, p. 1771
dated Sept. 1, 1946, and ma¬
aa*e
Nov. 1, in 1949 to 1966.
on
voters
on
on and after Sept. 1,1947,at 101%
a°d a"™ed interest. Interest pay-
1,
Nov.
Dated
Denom. $1,000.
1946.
are
Treasurer's
City
the
at
payable
1.369%.
about
revenue
$4,000 from Sept. 1, 1947 to
1952, giving a basis / of about
1.41 % to maturity. The entire is¬
sue will be subject to redemption
coupon Bank & Trust Co., of St/Louis, as
His, at a price of 101.4131, a basis
of
now
second
ture
Sept. 24 to the
jlpirst National Bank of Chicago,
€ as l%s, at a price of 101.029—v.
164, p. 1770—are dated Aug. 1,
1946, and mature $5,000 from Aug.
1^ 1947 to 1966, giving a basis of
about 1.64%. Prin. and int. (F-A)
building
school
en
at a
White-Phillips Co., of Davenport,
and
the
; Mercantile-Commerce
$100,000 municipal
stated that the
It is
—are
•
Sale
—
La.
An
—
Rumford, Me. —
The
following
■r<>*
Bond
bonds
$583,000 street, sewage and water
improvement
and
fire
station
bonds will be submitted to the
21 to the
Bankers Bond Co. of Louisville,
.$350,000 construction bonds will 1639—vfere awarded to a syndi¬
cate composed pf the Harris Trust
be submitted to the voters at an
&
Savings
Bank, of Chicago,
flection to be held on Oct. 19
Iowa-Des Moines National Bank
Park Ridge> III.
&
Trust
Co., of Des Moines,
Bond
$0:MAINE
,
Election
Bond
bonds awarded on Sept.
of
issue
An
—
Details
stated that the $24,000 2%
$920,000 build¬
ijNIewton Community Highj School
ing bonds offered for sale at pub¬
-ylV
District No. 127, III. .•
lic auction on Oct. 9—v. 164, p.
V:
;
LOUISIANA
boro), Ky,J
Sch. Diet.
Clinton Independent
■
'
$80,000
Bossier City,
County (P.' O. Owens-
Daviess
.
,
^Louis. Dated July 15,1946..
Owensboro.
submitted to the voters at the
IOWA
by Charles & Trauernicht, of St.
Rapides Parish School District*
(P. O. Alexandria), La.
Bonds Voted—At an election
held on Oct. 2 the voters ap¬
Rhoads,
sealed bids
vember.
to legality
as
of
of
general election to be held in No*
payable J-J.
bonds
revenue
been approved
issue
An
Election
Bond
$40,000 sewer system bonds will
r
4
Oct. 11, for the
on
purchased recently a
$4,000 school bonds as 2s,
at par.
i
J.
received
a.m.
block of
municipal
building revenue bonds. Dated Oct. proved the issuance of $275,000
1,1946. Denom. $1,000. These bonds First Ward School District bonds.
are due Oct. 1, as follows: $5,000 in
Bonds Defeated—At the same
1948 to 1957, and $6,000 in 1958 time the voters rejected the pro¬
to 1962.
Principal -arid interest posal to issue $64,000 Glenmore
are to be payable at the FirstSchool District bonds,
Owensboro Bank & .Trust Co.,
Calettshurg, Kyi
■...
11
purchase
KENTUCKY
—V,
election
the
at
Offered —E.
Clerk,
until
.
Kendall
Owensboro, Ky.
'
,
Bonds
14,194&
Alexandria,
Enclose
$250,000 maturing $50,000 Feb.
1, 1948 to 1952, as Is, and $250,000
maturing $50,000 Feb. 1, 1953 to
Union
$200,000 road construction bonds
the election to be held
interest
id Jan, 1, 1952.
able J-J.
.y.: . boro), III.
Bond Election
An
Monday, October
CHRONICLE
Rapides Parish, Poland Sch. Dist.
No. 55 (P. O. Alexandria), La.
Bonds Sold-rrlt is reported, that
—
out*of'" a';
as
Dated as follows: $150,000
of Oct. 23, 1946, and
$150,000 as
23, 1946. These notes are
due on Feb. 1,1947. Other bidders
were the Security National Bank,
of Nov.
Battle
Creek, at 0.75%, and the
National Bank, Battle!
Michigan
Creek, at 0.1%.
;
Bond
V.
f
Cass City, Mich. *
;
Sale—The $20,000 watef
supply system bonds offered for
sale recently, were awarded to
the Cass City State
Bank, and the
Pinney State Bank, of Cass
City,,
originally (jointly.; The next highest .biddefc ';"'V /
was McDonald-Moore & Co..
Guaranty Bank-of
$18,000 issue
offered,, the
0.75%.
'
-.it
.[
..iVy ';>ii»f:v*|'i«ijf'>r-;
[Volume 164
,
^HE*€OMMERCIAL
Number 4533
& FINANCIAL CHRONICLE
1921
i
Bonds Offered—H. P.
Lee, Vil¬
lage Clerk, received sealed bids
until^8:l30 p.m. on Oct. 8, for the
purchase of $20,000 water supply
system coupon, bonds, at not ex¬
ceeding 2% interest.
Dated Aug.
I, 1946.
Denom. $1,000.
These
bonds are due $1,000 from Aug.
1, 1947 to 1966..
Principal and
interest
payable at the Pinney
State Bank, Cass City.
Ji;•
'J;
f/
i$(i: *1 "*\
■
Treasurer's office, or at
St." Louis Parky,Minn.' ''
V
the Monroe State Savings Bank,
:; Warrant Offering—Joseph Justad. Village Clerk, will 'receive
Monroe, for payment.
.
Niles Sch. Dist. (P. O.
Bonds
*
«•
Voted—At
tion the voters
a
Niles), Mich.
recent elec¬
Pleasant), Mich.
Purchased—An issue of
approved the issuance of $440,000
construction bonds.
Nov.
-.No Bids-^-It has been
at a
These
Dated
bonds
1948 to
Oct.
-15, 1 1946.
due
are
April
15,
1967.
1
the State Municipal Finance Com¬
transit
to
Braun,
issue
revenue
$21,000,000
city
bonds.
The next highest bidder was
bonds
due
ings Bank of Fenton. Bids shall
toe conditioned upon the unquali¬
opinion of Miller, Canfield,
of 100.369.
1948
son
of the total par value of the
bonds,
payable to the District Treasurer.
Township Fractional
Sch. Dist. No. 14 (P. O.
Flint), Mich.
next
highest
was Paine, Webber, Jack¬
Curtis, for l%s, at a price
&
(P. O. Utica), Mich.
Bond
Sale Details—The
$25,000
school bonds awarded on Sept. 23 to
the First of Michigan Corp., of De¬
troit, at a net interest cost of
1.76%—v. 164, p. 1640—were sold
at
Bond Offering—Edwin R, Wes¬
The
Fractional School District No. 1
proving the legality of the bonds.
check for 2%
1956.
Shelby and Sterling Townships,
Paddock & Stone, of Detroit, ap¬
certified
are
to
bidder
fied
Genesee
to
24 to
bonds
price of 100.06, as follows:
$8,000 maturing $4,000 July 1,1947
and 1948, as 2s, and $17,000 ma¬
turing July 1, $4,000 in 1949 and
1950, and $9,000-in 1951 as l%s.
a
Dated
Sch.
awarded
—
tor 2 %
a
certified
of the-total par value of
the bonds,
Treasurer.
payable to the District
voted
at
the
election
held
on
Sept. 20.
bonds
due within
are
seven
years
—
that
Bond
Details—It
Sale
stated by
$30,000
is
Dawes
■
Aug. 6 to M. A. Saun¬
ders & Co. of Memphis—v. 164, p.
the
follows:
$10,000
Lake
Township School District
V'
vl
Bond Call—The District Treas¬
calls for payment on Nov. 1,
Issue
of
1944
refunding bonds
urer
Nos. 371 to 395. Said bonds should
ibe presented to the Detroit Trust
Co., for payment. Interest ceases
•
on
X- •'
"vV'"'7
•,
T _A"i?;
Lowell, Mich.
Approved — The
Bonds
;•]?■'•
State
[ Municipal Finance Commission is
said
■
ance
to
have
of
approved
$48,000
the
water
issu¬
works
;
bonds.■>■/:■
Monroe
County (P. O.
Monroe)} Mich.
Bond Call
F. E. Gillespie,
I County Clerk, calls for payment
(;on Nov. 1, at par and accrued
interest, highway refunding bonds
—
vNos. 33 to 112, of Assessment Disf trict No. 44, amounting to $80,000.
/Dated Sept. 1, 1939. These bonds
are
000
due
'
-
,
>
<>*-1 "-
.
as
HartingiontNeb.
Bond Offering—The City Clerk
will receive sealed bids until Oct.
15, for the purchase of the follow¬
ing bonds amounting to $56,000,
authorized at the election held
164,
v.
May 1, 1947 to 1954. Said
bonds should be presented at the
water
$45,improvement
supply
on
NEW JERSEY
Consolidate^
Offered
—
William
H.
Niemann, District Clerk, received
sealed bids until
noon
on
Oct. 11,
for the purchase of $30,000 build¬
ing coupon bonds, at not exceed¬
ing 2% interest.
Dated Oct. 1,
1946. Denom. $1,000. These bonds
Bloomfield, N. J.
Bonds Authorized
Council
$73,000 road and bridge
on Sept. 24 at auc¬
tion, at a price of 100.125—v. 164,
p. 1771—for $57,000 bonds as 2^s,
maturing from May 1/ 1947 to
1962, and the remaining $16,000
as
2V2s, maturing from May 1,
1963
to 1966, a basis of about
2.33%, were awarded to the W;
Woodward
.
.
.
(Pi O. Worthington), Minn.
Bonds Voted—An issue of
000
construction
Sept. 26.
at
the
bonds
election
$500,-
was
held
ap¬
on
of
Legality
2%
r.
u
"
on
Vn
•
approved
&
as
r
pr7 registered street
pon
assess¬
bonds totaling $27,006, of¬
fered for. sale on Oct. 8—v. 464,
ment
1772—were
p.
t). J.
awarded to
Van Ingen & Co., of New York,
1.30s,; at
as
a
price of 100.029. :;a
basis of about 1.285%.
-V
■;
•
W.
'
[
Dated Oct. 1, 1946.
- ?
.
$9,000 first series bonds.
18,000 second series bonds.
i'f
5.
-
;
Denomina¬
tion $l,000.1nterest payable A-O^
These bonds are due on Oct; 1,
from 1947 to 1951,
■
Irvington, N. J.
Bonds Authorized—On Sept. 24,
the Board of Town Commissioners
is said to have
calling
for
an
bonds offered for sale
on
Oct. 7—
164, p.' 1642—were awarded to
B;. J. Van Ingen & Co;, of New
v.
3.10s, at a price of 100,-
as
059,
basis of about 3.08%. Dated
a
July
15,
1946.
•
held
.
the
$1,000.
Denom.
due
July 15,
and
on
i
legality by Charles
Oct. 22 in
voters
pass
order to have
on
the
issuance
of
$200,000 water and electric
light general obligation bonds,
.
-
.
"
;
:Washington, Mo.
•
,
_
v
Bonds Defeated
tliat at
a
rejected
000
as
"
for
—
;
:
It
is
reported
proposal to issue $659,municipal light plant bonds.
1950,
MillviUe, N. J.
Authorized
'Bonds
,
rec8nt election the voters
a
on
3%s, at a price of 100.41.
rV"'\
v .;
are
follows: $3,000 in 1947 to
$2,000 in 1951 to 1955. Inter¬
est payable J-J.
The only otaer
bidder was Boland, Saffin & Co.,
-
.•Vfj.b
Trauermcht, of St. Louis. Dated
■iTT;Ty7/v Dec. 1, 1945.
'V
l4*.'
Fairvieu),
York,
:;
Fulton, Mo.
plant
rn.'
June
sewer
onDct.;lv;/:^
15, 1945, have been '.
to
on
$30,000 issiie
a
Bond Sale—The following cou¬
These bonds
/ /
a>.:-
Oct.
on
system
bonds carried at the election held
Approved—The
industrial
Towta
of bonds for improvements and
utilities Tin ' &ites
the Tow^s
FPHA 'dwellings for'Veterans.
Bond Electioh—The City Clerk
states that an election will be
O. [y/H
■
held
Bonds Voted—An issue of
$320,-
bonds that carried at the election
held
election
an
Jackson.
(P.
,
The
ordinance
an
Sept. 23, calling for
valo¬
against all the
000 water main and
Supervisors
Houston), Miss.
Bond
$100,000
Nobles County School District
Co.
Chickasaw County
District No. I
levied
ad
passed
—
passed an ordinance
issue of $14,725
1, truck and equipment acquisition,
1946, by avote of 273 to 6. Le¬ bonds or
notes, to bear not exceed¬
gality approved by Charles Trauing 6% interest.
ernicht, of St. Louis. Lodi, N. J.
Charleston, Mo.
Bond Sale—The $22,000 water
at
Cleveland), Miss.
T.
unlimited
taxable property within the Dis¬
trict. Said bonds were authoribed
-
that the
$3,000 from Oct. 1, 1949
to 1958.
Principal and interest
(A-O) payable at any suitable
bank or trust company designated
by the purchaser.
taxes
rem
Bolivar County, Merigold
Separate Road Dist. (P. O.
due
proved
interest from
hot sold.
bonds awarded
School District No. 3 (P*0.
Ogilvie), Minn.
No. 5
revenue
Oct. 3—
Bond Sale Details—it is stated
Kanabec County
are
Bank, St. Louis. These bonds, in
the opinion of counsel, are di¬
rect obligations of the District,
payable as to both principal and
h
Sept. 24.
Bonds
p. 1641—Were
on
July 30: $21,000 airport, and $351000 park bonds.
'
v
'
bonds carried at the election held
date called.
jV
i
sub¬
^4
Carothers, City Clerk, has advised
Bonds Voted—An issue of
Shores), Mich.
,
*/
ironton, Minn.
No. 2, (P. O. St. Clair
.
'
vf,
issue
mitted to the voters at an election
to be held in November.
MISSOURI
Bonds Not Sold—Mrs. Leona 'L;
on
Election—An
Bond
2s,
due $2,000 from Aug. 1, 1947 to
1951; $9,000 as iy4s, due $2,000
from Aug. 1, 1952 to 1955, and $1,000 on Aug. 1, 1956; the remain¬
ing $11,000 as 1 ^s, due $1,000
from Aug. 1, 1957 to 1967, inclu¬
sive.
Interest payable F-A.:
as
County (P. O.
Chadron), Neb.
$14,000 hospital bonds will be
said firm
at a price of 100.236, a net ihterest
cost of about 1.465%, on the bonds
divided
on
um
the City Clerk that the
works
bonds
sold to
held
be
the issuance of $175,000 auditori¬
construction bonds.
now
on
873—were
will
22 to have the voters pass on
water
awarded
principal and three
The
approving opinion of Dorsey, Col¬
man, Barker, Scott & Barber, of
Minneapolis, will be furnished to
the purchaser. Enclose a certified
gas
election
an
Oct
Starkville, Miss.
on
$125,000
sub¬
NEBRASKA
cents per coupon on interest.
the
$85*~
be
City Sch. Dist. No. 4 /
(?, ' O. •; Central City), Neb.:"}/ :
Bond Election
It is reported
from date of issue.
The District agrees to
bonds offered for sale
will
Central
Oscar Olson,
those charges do not exceed $1.25
that
hospital bonds
mitted to the voters at the general
election to be held in November?
Bond Sale — The $7,000 water
improvement bonds offered
on Sept. 27, were awarded
to the Magnolia Bank, of Mag¬
nolia, as 2s. Denom. $1,000. These
BqtesviHe,Miss...
/ Bonds Voted—An issue of $45,h
000 hospital bonds was favorably
O.
works
pay bank charges on the payment
of principal and interest, provided
check
Conrad), Mont.
Grass County (P;
Big Timber), Mont,'
'
—
Enclose
O.
/'A
Higft
Sweet
Osyka, Miss.
ton, Secretary of the Board of
Berkeley Sch* Dud.} Mo.
Education, will receive sealed bids
Bond Sale—The $285,000 build¬
until 8 p.m. on Oct. 14, for the
MINNESOTA
check for $500, payable
to the ing bonds offered for sale recent¬
purchase of $80,000 school coupon
ly, were awarded to a syndicate
bonds, to bear not exceeding 4% Amherst (P. O. Lanesboro), Minn. District Treasurer.
interest. Dated /Aug. v. l,
Bond Offering — Joseph Hencomposed of;
1946;
Hn)Walker $ Ca,
of St. Louis, Commerce Trust Co.,
MISSISSIPPI
jDenom. $1,000. These bonds are nessy,. Town Clerk, will receive
tclue Aug. 1, as follows: $15,000 in sealed bids until Oct. 24, for the
Baum, Bernheimey. Po., and Steyp
Adams County (P. O.
1947 and 1948, $16,000 in 1949, and purchase
Bros. & Co., all of Kansas City, as
of
$30,000 road and
Natchez), Miss.
$17,000 in 1950 and 1951. Rate of bridge bonds. /
2y2s, at a price of 100.231, a basis
Bond Sale—The $750,000 cou¬ of about 2.473
interest to be in multiples of y4
%. Dated! Oct. 15,
Fairhaven, Minn.
of
pon highway
1%.
bonds offered for 1946. Denomination $1,000. Due
Principal and interest
Bonds Offered
sale on Oct. 7—v. 164, p. 1641— Feb.
Jacob Trita<F-A) payable at the Citizens
15, as follows: $19,000 in
Commercial
&
Town
Clerk,
received were awarded to Scharff & Jones, 1947, $9,000 ;in 1948, $10,000 in
Savings
Bank, baugh,
sealed bids until 1.30 p. m. on of New Orleans, and Associates,
Elint.
Bids shall be conditioned
1949, $11,000 in 1950 to 1952, $12,Sept. 27 for the purchase of $28,- as iy2s, at a price of par.
upon the unqualified opinion of
Dated 000 in 1953,
$13,000 in 1954, $15,20,
1946.
Denom.
Miller, Canfield, Paddock & Stone, 000 road and bridge bonds, at not Oct.
$1,000. 000 in 1955 to 1957, $16,000 in 1958
of Detroit, approving the legality
exceeding 2% interest. Dated Oct. These bonds are due $30,000 from to
1960, $17,000 in 1961 to 1963,
of the bonds.
The cost of such 1, 1946.
These bonds are due Oct. 20, 1947 to 1971.
Interest
$18,00 in 1964 to 1965, and $9,000
payable A-O.
opinion and the printing of the $2,000 Oct. 1, 1949 to 1962.
in 1966.
Principal and interest
bonds shall be paid by the Dis¬
payable at the Boatmen's National
Glencoe, Minn.
trict.
(P.
Conrad
Sale
for sale
purchase of $25,000 funding
and refunding coupon bonds, to
bear not exceeding 3% interest.
Dated Nov. 1, 1946.
Denom. $1,000.
These bonds are due Nov. 1,
as follows:
$2,000 in 1949 to 1960,
and $1,000 in 1961.
Rate of inter¬
est to be in multiples of
of 1 %.
Prinicipal
and
interest
(M-N)
payable at any suitable bank or
trust company designated by the
$1,000
County,
giv¬
Bond Election—An issue of
::
the
per
date
Jan. 1, as follows:
$1,500
1948, and $1,400 in 1949 to 1967.
in
000
District Clerk, will receive sealed
bids until 8 p.m. on Oct. 14, for
purchaser.
1, 1953,
mature
to
/ I
!
Holloway), Minn.
Offering
Dec.
on
Details-^-The $281,ofto
building bonds awarded recently
to Piper,' Jaffray & Hopwood,' of
164, p. 1772—mature
4, as follows: $1,500 in
1951, $2,000 in 1952 to
1961, and $2,500 in 1962 to 1966,
giving an income basis of about
2.22%.
1947
Swift County Independent
School District No. S (P. O.
Bond
full
any
Dist.
Bond
a
June
on
Oct.
1,
1946. Denom.
Interest payable A-O.
$1,000.
in
on
Pondera
$40,000
of 100.52—v.
■
.
$10,500 in 1947 and 1948,
$7,000 in 1949 to 1961; re¬
Vicksburg^ and
Waltoh-Hamp, Minneapolis, as, 2s—v. 164, p. 1370
Jones Cb:,; of Jackson, at a price ■^were'sold at a
pride of par alid
revolving
fund
refunding
bonds, as 1.70s.
Due Oct. 1,
1947 to 1967.
due
interest
due
thereafter prior to maturity,
ing a basis of about 1.23%/
syndicate com¬
posed of the Max T. Allen Co., of
Hazlehurst/ J. G. Hickman ' CO., of
*
Halsey, Stuart & Co., for $99,000
l%s, at a price of 100.564.
$4,000 in 1947, $5,000 in 1948, and
$4,000 ing 1949 and 1959. Rate of
interest to be in multiples of V4
of
1%.
Principal and interest
<A-0) payable at the State Sav¬
V
industrial
tnat
noted here—v. 164i,:p.
on
June 1 as fol¬
as
deemable
'
Sale Details—The
on "June
& Co., Inc., at a price of
York, and the C. S. Ashmun
100.012, a net interest cost of Co., of Minneapolis,, at a price of
100.05, .a net interest cost of about
1.22%, as follows: for $30,000 ma¬
••
turing $10,000 Oct. 1,1947 to 1949 1.567%:
as Is, and $69,000 maturing Oct.
$500,000 permanent improvement
revolving
fund
1, $10,000 in 1950 to 1955, and
refunding
bonds, as iy2s.
Due Oct. 1,
$9,000 in 1956 as iy4s. Dated Oct.
1966.
1, 1946.
Denom. $1,000.
These
bonds are due Oct. 1, in 1947 to
500,000 permanent improvement
July 15, as fol¬
lows: $3,250 in 1947, and $3,600 in
a
2V4%
New
Bond Offering—Harvey Swane-'
Sault Ste. Marie, Mich.
beck, Secretary of the Board of
Bond Sale—The $35,920 water
Education, will receive
sealed
main bonds offered for sale oh
bids until 2 p.m. (EST), on Oct.
Oct. 7, were awarded to the local
15, for the purchase of $17,000
school coupon bonds, to bear not banks, as iy4s, at a price of 100.basis of about
1.237%.
exceeding 3% interest. Dated Oct. 069, a
Dated
Oct.
15,
1946.
Denom.
15, 1946.
Denom. $1,000.
These
$1,200,
one
for
$1,120.
These
bonds are due Oct. 15, as follows:
Enclose
of
Corp., First of Michigan Corp;, of
Bos-
worth
1956.
Fenton Township School District
No. S (P. O. Fenton), Mich.
\
composed
Bond
syndicate
theFirst
Boston
a
now
lows:
Nettlcton, Miss.
•
Bond Issuance Authorized—The
Detroit Street Railways is said to
have received permission from
mission
to
to
101.428,
and
'
-:i Kj.
^
is
by the District Clerk
1130—are
,
Detroit, Mich.
.
awarded
—were
awarded
to the
1947
'
Details—It
$112,000 site bonds sold < to
Piper, \Jaffray
& Hopwood (^Jf
Minneapolis, as iy2s, at a price,of
and
$3,000 from July 2,
Sale
the
price of 10Q.048; a /basis of
1971.
following
bonds totaling $1,000,000, offered
for sale on Oct. 2—v. 164, p. 1641
—were
stated
due
The
—
Lucedale', Miss.
about 1.245%. Dated July 2, 1946.
Denom. $1,000. These bonds are
/ St, Paul, Minn.
Sale
Helena), Mont.
T.[ W. Woodward Co.* of Jackson,
as 1 %s,—v* 164, p. 1130—were sold
announced
that no bids were received for the' of Dorsey, Colman, Barker, Scott
& Barber, of
Minneapolis, will be
purchase of' the $70,000 sewage
furnished.
disposal system revenue ' bonds,
Bond
by
Sale Details—The $75,000
sale recently and awarded
,
'.[/■.■Lewis, and Clark County SckC^' '
Dist. No. 1 (P.'O.'^M^
to
industrial plant bonds offered for
as
follows: $60,000 in
1957, and $25,000 in 1958
and 1959.
The approving opinion
to
H
"./s/wontana^;
Voted—A$64,000 issue of
/
•| Bond
15,
1948
Richmond, Mich.
not exceeding 2Vz% interest, of¬
.$1,150,000 1%, 2 and 2J/4% dormi¬ fered for sale recently.
tory revenue ' bonds
was" pur- i.
Si. Clair, Mich.
chased recently by a syndicate
Bond Sale—The $99[b00 water
composed of the First of Michigan
Corp., Baine, Webber, Jackson & and sewer system bonds offered
Curtis, and Crouse & Co., all of for sale on Oct. 7—v. 164/ p.' 1640
Detroit.
Bonds
^
Bond
■i
Mt.
Bonds
Collins, Miss.
,
'
warrants, not exceeding 3% inter-,
est. Dated Nov. 15, 1946. Denote.
$1,000. These warrants are* due
said wtp. have
are
/
industrial plant bonds is said
sealed bids until 8 p.m. on Oct.
21/ have been approved recently
for the purchase of $650,000 sewer
the voters
,
.
*'*
Central Michigan College of
Education (P. O.
i
County
Commission
thorized
bonds
said
to
;
The
City
have
au¬
the'issuance of $150,000
to
Vimicincf
is
—
be
used
for
emergency
rnnctrnptinri fnr VPt.PT
>
THE COMMERCIAL & FINANCIAL CHRONICLE
1922
Net Cong, N. J.
Offering—Louis M. Huy-
Bond
ler,
Clerk,
Borough
Acting
will
be furnished without
successful bidder
bonds
or
charge to the
bidders. These
the general
are
ssessed valuations
six years:
obligations
receive sealed bids until 8 p. m. on
Oct.
close
15, for the purchase of $21,system improvement
coupon
or
registered bonds, to
bear not exceeding 6% interest.
water
Dated Oct.
1, 1946. Denom. $1,000.
These bonds are due
Oct. 1.
on
as
certified check for 2%
a
the bonds,
of
140,000,000
1948-1949
160,000,000 ^
1949*1950
•
payable to the Village.
1950-1951
-
'
—'
registered public
bonds awarded on
200,000,000
i in 1962 to 1976.
'
-
purchase by the respective
sinking funds, in the name of and
behalf Of the issuing
jinits,. pf
the following refunding bonds, all
dated Jttiy-1, 1936:
be in
Buncombe County bonds.
Buncombe
County, Series
Rate of interest to
multiples of V4 of 1%. Prin¬
2
bonds.
-
$901,500,000 ;-i
at the Scarsdale National Bank &
Cit^^ of Asheville, Series. 2
Trust Co. / The successful bidder
bonds.
/■"/
-J
will be furnished with the opinion
the Orange County tion^/^hn / Gity"s /debt-incurting
City ;Of.JVsHeville'; Water boiidsi
Trust Co. of Middletown, 1.10s, at power will expand to the extent of ^Wpod,. Hof£mah,/King &/Daw/ Alsheville Local Tax School
Dis^
a price of 100.10—v. 164 p. 1772—
of the reduction of the existing son, of New York City, that said trict
bonds.
are dated Oct. 15, 1946, and ma¬
and future non-exehipt*debt»v.The bonds are valid and binding obli¬
Barnardsville
l^bbcJ^SchopI
reduction of the existing/debt is gations of the District. Delivery of
ture on April 15, in 1947 to 1955,
District bonds." V
successful bidder will be furnished giving a basis of about 1.08%. a known factor.
However,* here said bonds will be made,at ScarsBiltmore
Special School Tax
with the opinion of Hawkins, DelPrin. and int. (A-O) payable at
again it is necessary to estimate dale National Bank & Trust Co.' District
bohds.. % V •!.
a
certified
for the Enclose
check
afield &.Wood, of New York, that the Orange Cduhfy Trust Com-, the bonds to be issued
for
Haw Creek Special School Tax
next six years.
the bonds are valid and legally pany. <
payable to
the District
I have had such $4,500,
District bonds.
; /' f
estimates made, and the expan¬ Treasurer. (These are the bonds
binding obligations of the Bor¬
Johnson Special School Tax Dis¬
New Yorky N. Y.
sion through the reduction of non- offered on Oct. 2, for which all
ough. Enclose a certified check for
trict bonds.
V.
Capital Improvements Program' exempt present and future debt is bids received were rejected.)
$420,- payable to the Borough.
Beaverdam Water and Sewer
Projected -^Assuming an/expan¬ estimated as follows:
'
New Jersey (State of) » V ■
South Nyack (P. O. Nyack), N. Y. District bonds.
.....'c.:.
sion ' in
assessed
valuations
of
1947*1948
60,000,000Governor Signs Veterans' Hous¬
Caney Valley Sanitary Sewer
Bond
Offering — G. • • Hilliafd
1948-1949
' 65,500,000 ■$
$901,500,000,
and
allowing
for
District bonds.
ing Bills—Gov. Walter E. Edge, on
Ross, Village Clerk, will receive
1949-1950
payment of existing indebtedness,
68,200,000
Fairview Sanitary Sewer Dis¬
Oct. 1, signed six bills to enable
sealed bids until 3:30 p.m. on Oct.
the city would be able to embark
1950-1951
68,900,000
trict bonds.
the State of New Jersey to 'em¬
15,. for / the purchase of $9,500
on
a
1951-1953
$1,019,000,000 capital im-;
72,000,000 '
Hazel Ward Water and Water¬
bark on a $41,000,000 emergency
street
Improvement coupon or shed
1952-1953'
provement
program
over
the
72,300,000
veterans' housing program.
District bonds.
?,
The
registered bonds,/ to hear hot -exyears 1947 to 1952 incl. This fore¬
Skyland Sanitary Sewer Dis¬
program
calls for a $35,000,000
cast was made by City Comptrol¬
$406,900,000 | ceeding 4%- interest. Dated Oct.' trict bonds.
bond issue subject to referendum
•
ler Lazarus Jbseph; in a 4 recent
1, 1946.- Denom. $1,000, one for
"Predicated
November next, and an appropri¬
Swannanoa Water and -Sewer
upon
these
two
$500. These bonds are due on Oct.
report submitted 4# the.Board of
ation of $6,000,000.
District bonds.
factors, the change in assessed
Estimate. The bond issue pro¬
1, as follows: $2,000 in 1947 to
valuations and the reduction Of
Woodfin
Sanitary Water - and
Union City, N* J.
1950, and $1,500 in 1951. Rate of
gram would include $700,000,000
Sewer District bonds.r
debt, the net expansion of bur
interest to be in multiples of %
Bond Offering—Wilfred G. Tur¬ for
non-exempt
improvements,
debt-incurring power is estimated
or one-tenth of 1%.
$210,000,000 for assessment im¬ as follows:
Franklin, N. C.
Principal and
ner, City Clerk, will receive sealed
interest (A-O) payable at the Ny¬
bids until 11 a. m. on Oct. 17, for provements, and $100,000,000 for
Bond
Offering—W. E. EasterExpansion Account of
ack Bank & Trust Co., Nyack. The ling,
on
the purchase of $76,000 funding Water.latter item
Change in
Secretary of the Local Gov¬
Account
Assessed ^
Net
being exempt from the constitu¬
approving opinion of Hawkins, ernment Commission, will receive
coupon
or registered bonds,
to
of Debt
Valuations
Expansion
Delafield & Wood, of New York sealed bids until 11 a. m. on
bear hot exceeding 4% interest. tional debt limit.
Oct.
IS47 __$60,000,000 *$2,700,000
$57,300,000
City, will be furnished the pur¬ 15, at his office in Raleigh, for the
Dated
The report indicates that on 1948
65,500,000
2,000,000
67,500,000
Sept.
1,
1946.
Denom.
follows: $1,000 in 1947 to
1953, and
$2,000 in 1954 to 1960. Rate of in¬
terest to be in a multiple of % or
one-tenth of 1%.;/ Principal and
interest (A-O) payable at the Citi¬
zens National Bank, Netcong. The
improvement
"As thd the /second considerar
.
„
Sept.
r
on
cipaljmd interest; <
'
or
coupon
-
150,000^00 ^
1952-1953
;
Sale Details—-The $135,-;
Bond
000
IN. Y.
jj
the
or
180,000,000 &*, $6,000 in 1947 to 1961, and $9,000
—
1951-1952
Middiet own,
of $225,000 building cou¬
registered bonds, to bear
not exceeding 5% interest., Dated
Nov. 1, 1946. Denom.
$1,000. These
bonds are due Nov. 1, as follows':
pon
1947-1948 ->^-^$ 71,500,000 v
payable from unlimited taxes. En¬
000
for; the next purchase
'ffi
///H
Monday* October 14,1946
1
to
25,
<
.
.
.
•
,
:
*
„
—
'
•
—
$1,000. These bonds are due Sept.
1, as follows: $15,000 in 1958 to
1961, and $16,000 in 1962. Rate of
interest to be in a /multiple of
Vs of 1%. Principal and interest
July L 1946, in accordance with
the provisionsof the 10% Hmit&r
tion specified by the State Con¬
payable at the Hudson
Co., ttmdn^City.r/.Tte;-.suc¬
non-exempt debt is $1,595,849,411
and that the net amount of debt
stitution
which
the
that
the
__
8,700,000
76.900,000
chaser
11,100,000
80,000,000
87,000,000
certified
15,000,000
1952
16,600,000
88,900,000
'■
without
borrow for
bidder- will
cessful
with the opinion
furnished
be
of Hawkins, Del¬
afield &
Wood, of New York, that
are
valid and legally
binding obligations of the City.
the
bonds
Enclose
check
certified/
a
$1,520, payable to. the City, y
for
■
NEW MEXICO
-
Bond SaleIJ^Hs^Tfae
€00 school bonds offered
$695!-
for sale
Aug. 23, and awarded to the
State Treasurer as l^s—v. 164, p.
1258—were sold at a price of par,
on
the
following schedule of
ma¬
turities:. Due
July. 1, as follows*
$40,000 in 1947, $41,€00 " in 1948,
$42,000 in 1949, $43,000 in 1950,
$44,000 in 1951 and 1952, $45,€00 in 1953, $46,000 in 1954, $47,€00 in 1955, $48,000 in 1956, $49,000 in 1957, $50,000 in 1958, $51,€00 in 1959, $52,000 in 1960, and
$53,000 in 1961. All or any part of
the $225,000 bonds maturing from
1957 to 1961
in
their
at
the
to be redeemable
inverse
numerical
of
option
order
District
the
at
and accrued interest on Jan.
par
1947,
1,
are
ment
and
date
interest
any :
thereafter
pay¬
upon
30
days* prior published notice.
NEW YORK
\\
Bond
within
incurred
City
other liabilities
Award
been the practice of the
City to. charge the unappropriated
balances,
,
amount will be authorized before
the current
capital budget lapses
and any amount not so authorized
be available for reappropriain the 1947 capital budget.
Comptroller - Joseph < states that
notwithstanding the large balance
may
tion
in the
capital budget it is his opin¬
ion that probably not more than
$70,000,000 will be authorized be¬
fore the end of this year, i With
this as a basis, he estimates that
at the close of 1946 the City will
margin of
$232,431,897.
In arriving at this
figure he has deducted from the
margin the $63,056,897 already au¬
thorized plus the additional $70,000,000 which may be authorized
/Having established an estimat¬
ed unreserved margin as of Dec.
now
equipment,
the
East
will
Amherst
be
sold
Extension
to
the
Sinking Fund.
/
:
/ v
repaving
and
bonds
Water Bond
Croton-On-Hudson, N. Y.
Offering—Joseph A. ZerVillage Clerk, will receive
sealed bids until 2 p.m. on Oct. 22
for the purchase, of $13,000 sewer
extension
coupon
or
registered
bonds, not exceeding 4% interest.
Dated Oct. 1, 1946. Denom.
$1,000.
These bonds are due $1,000 Oct.
1,
1947 to 1959. Rate of interest to be
in multiples of one-tenth
1%.
or
Principal and interest
V4 of
pay¬
able at the Marine Midland Trust
Co., of New York, New York. The
opinion of Wood, Hoffman, King
&
Dawson, of New York City, will
I
says
necessary
the report, "it is
in order to assist
City Planning Commission in
its
preparation of the capital
budget of 1947, as well as a capi¬
tal
/
Bond
ello,
31, 1946,"
program
for
the
succeeding
five calendar years, to estimate
the expansion of the City's debtincurring power ' during ? these
periods.
"In estimating the expansion of
the
City's
we
must
debt-incurring
consider
two
power
factors:
(one) the extent to which the
sessed
for,
a
purchase of the following coupon
bonds amounting to $120,000, to
the
bear not
pay¬
Village.
the/end of
to
1946
Would make
Bond
Sale—The
drain and
sewer
fered for sale
p.
Oct.
storm
1953 to
90,000
9—v.4164,
York,
Sept. 1,
000.
&
Co., Inc., of / New
as 1.70s, at a price of 100.28,
basis
of
to
1946.
1.67%.
Dated
Denomination $1,are
1947 to 1976. Interest payable M-S.
valuations
on
real
be
to
authorized
would make a total Of
With this
000.
the
1|>21Q,O0O,*
progfairi'in effect
report' indicates' that
still be
would
a
there
cushion for
the
which
are
ulation
possibly do in
that
we
could
not
of the
cause
war
impal¬
reserved
The'approving opin¬
York
Mitchell, of New
City, will be furnished. En¬
terest. Dated Nov. 1,1946. Denom.
close
a
and
on
of the Fire District.
sewer
$306,000^^ water
bonds offered for sale
.Och '8-*-Vi
164,__ p. 1772—Wdre'
awarded to J. Lee Peeler &
Durham, and the Vance
or
Co., of
Securi¬
ties Corp., of
Greensboro,
for $54,000 maturing
jointly,
$6,000 Juhe
1, 1949 to 1958, as 2%s, and $246,000 maturing June
1, $8,000 in
1959 to 1963, $9,000 ih 1964 te) 197L
$10,000 in 1972, $11,000 in 1973,
$12,000 in 1974, $13,000 in 1975 to
1977, and $14,000 in 1978 to 1981,
be^ryalid^hrid legally' bindihg^
gations
for'-$2,400,
v.Landis, N.
Bond. Sale-*-Thc
The bonds will be delivered at the
office bf the successful bidder
Certified check
payable to the State Treasurer.,
or
without
cushion
The
for
approving opinion of Hawkins,
emergency.
In this report I have Delafield &
Wood, of New York
not attempted to specify which
City will be furnished to the pur¬
of the improvements should be
as 3s.
chaser without cost.
Interest payable J-D. Dated
Enclose
a
provided for to the next few certified check for
.2%
of the June-L J946.Z Denomz$l:,0G0< The
years.
I think the City Planning amount of
next highest bidder was the
bonds bid for,
Mer¬
payable
Commission has all the data avail¬
chants & Farmers
to the District.
r
•
I
Bank, Landis,
able and is in a position to pre¬
for $30,000 Ss/at a
pried of par. >
pare a budget for 1947, bearing in
Wilmington (P, O. Wilmington),
mind the financial limitations of
Mecklenburg County (Pm O. "
\
New York':. /
the City of New York^ hnd the
Charlotte),
;
.r:h'';
Bond Sale Details-r-It is stated
necessity Jof providing/ first: for
tiiat the / $9*000 Vcoupon or regis- L Bond Issuance Approval WtlA
most essential and required projheld
te"r6d 'water improvement ^bonds'
In.connectioni
eC
school/ site/ purchase,
awarded on Sept. 24 to Tilney & $5,972,000
Co. of New York, as 2s, at a price construction or. improvement ana
Rotterdam Fire District No. 3
bonds
of 100.011, as noted here—v. 164, equipment * purchase
apT
(P. O. Schenectady), N.Y.
proved by the Voters at the elec¬
p. 1772—are dated Oct. 1,1946, and
tion held on April
Bond
Sale—The $45,000 fire mature
23, it is stated
$1,000 from Jply 1,1947 tol
house bonds offered for sale on
by G. D.
1955,/ giving a basis of- about: Board of Brad?h/w, Clerk pf the
Oct,
4—v.
CouiV,>/
r,rimvviiooi*/-M->£>»«o
164, ] p. 1642—were 1.995%. Prin. and int.
Commissioners,
(J*J)v pay» that applicatio
awarded to the Schenectady Trust
made to tn^
able at the Office of the Town
Co., as l%s, at a price'-Of par.
Lbcah .Gover» / C / / Oommission
pervlsor. '
•/-",,^ some weeks b
Dated
Oct.
15,
1946.
.Denom.
by the County
ing
the
■
■
._
,
r
wit^the
-
■
-
■
-
as¬
prop¬
erty may be expected to change.
It is very difficult to forecast the
amount of the increase in assessed
;.
ion of Masslich &
two years at the office of
Hawkins, Delafield
all
the
Uecessary construction &
Wood, of New York City, on or
which has been neglected due to
about Nov. 1,1946. The bonds will
lack of materials :pnd; labor/ be¬
one
/
000 fire apparatus coupon or regis¬
tered bonds, not exceeding 4% in->
end
most essential. My tab¬
shows
i
1962, $4,000 in 1963 to 1965t
$5,000 in 1966 to 1973. \
of y* of 1%.
$1,000. These bonds are due $2,000
Nov. i, 1947 to 195J. Rate pf inter*
of
est to be in multiples of V4 or one"It is my opinibn^^;bpncto^s
tenth of 1%. Principal and inter¬
the- report, "thatj
est payable at the West Hempstead
bark on all such improvments
National Bank, West Hempstead.
of $102,500,000 at the
1952.,,,. , ;
~ -
City
-
bonds.
Bidders are requested to heme Hip
interest rate or rates,.4A multiples
receive sealed bids until 3:30 p.m;
year
on Oct. .17 for the purchase of
$10,-
this
:
.
sewer
General
obligations;
unlimited
tax; registerable as te "principal
only; delivery on or about Nov. 5,
kt place of purchaser's choice.
$700,000,000. In addition
%Vest Pjempslead Fire District
he believes the City would- au¬
fcWest
Y,
;
thorize $195,000,000 of assessable^
Bond Offering—Alfred H.. Mcimprovements which together
Comsey, District Secretary, will
with the $15,000,000 authorized
and
*
and
Dated Nov. 1,
1946.
Denom.
$1,000. Principal and interest (MN)^^ |>a£&ble: in New York Ci^r.
due Sept 1,
total of
.
1965/
water
and
about
These bonds
■
Due May 1, as follows: $2,000
in 1949 to 1952, $3,000 in 1953
1642—were awarded to Geo. B.
Gibbons
a
$56,000
of 1946 bonds of¬
on
exceeding 6% interest:
$30,000 street improvement bonds.
Due May 1, as follows: $1,000
in 1949 to 1952, and $2,000 in
.
capital budget as a reservation
against the debt-incurring mar¬
gin. This reservation amounts to
$185,601,748. - It is unlikely that
any
substantial hart
of
this
Pending — It is
stated by William A. Fuhr, Chief
Accountant, that $1,109,200 street
street
Comptroller Joseph estimates
that by the end of 1952 there
a
It has
of
Tonawanda, N. Y.
♦Decrease
$1,230,- should be available for non-ex¬
360,617 which left a margin of empt capital improvements $575,$365,488,794.
However,
of
this 000,000 chargeable against the
amount $63,056,897 has been set
general jlebt limit which together
aside Sot specific authorizations with
authorizations already apwhich have been approved by the
proved and ertimated to be JapBoard of Estimate^ but for which
proved amounting to $125,000,000
have been registered.
Enclose
2%
$406,900,000 $50,700,000 $457,600,000
totalled
limitation
before the end of the year.
y/"V
Buffalo, N.
this
the
ho/*tx>nteartibr-
Eddy County, Carlsbad Municipal
Sch. Dist. (P. O. Carlsbad), i*.
]New Mexico
on
which
for
amount of the bonds bid
-
(M-S)
Trust
cost.
check
able to the
amount
total
City may
—
1951
68,900,000
68,200,000
—
1950
72,000,000
72,300,000
1949
$1,000.
These bonds
15, in 1947 to 1966.
are
due Oct.
Interest
-
Boart*
ing^ that - the
bonds be offc
pay¬
Buncombe. County, N. C.\-
able A-O.
.
Scarsdale Common Sch. Dist. No. 2,
School
NORTH CAROLINA
Bond
Tenders Wanted
—
Curtis
Bynum, Secretary of the Sinking
Fund
Commissioners,
has- an¬
j
present time,
are
low.
:
How/
ernment Con
or
*
^
'
,
sale
at
the
interest rates
he Local Gov-
/n declined the
application /
valuations.
I have made the fol¬
-Thutid,: that,
Bond
Offering—The Board of nounced that tenders will be re¬ in their opir>"
z»ey could not
lowing and in my opinion a rea¬ Trustees will receive sealed bids ceived
by the Sinking Fund Com- be spent to
/
^ 'ge r for/ any
sonable forecast of increases of until 3.30
p. m. on Oct. 17, for the mission
noon on Oct. 22, for kind of build
/ ■ 4s time. The!
/
/
; (P. O. Scarsdale), N.Y. n'*
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4533
164
Commission
agreed that perhaps
something might be saved in the
interest cost but on. the other
:
hand, when money could not be
spent, advantageously, • it; would
be more economical to wait until
conditions
were
effective.
more
NORTH DAKOTA
/
Toledo; Sweney,
Cartwright ,&
Co., Columbus; R. D. White &
Co., of New York; Harris Trust-&
Savings
Bank,
Chicago;
t he
Cleveland Trust Co., Cleveland;
National City Bank of Cleveland:
J. A. White & Co., Cincinnati;
Mercantile-Commerce
Bank
&
Trust
Co., St. Louis; the Northern
Co.,
Chicago;
Provident
Savings Bank & Trust Co., Cin¬
cinnati; Faheyj Clark & Co., Cleve¬
not exceeding 6% interest, was land; Seasongood & Mayer, Cin¬
approved at the election held on cinnati, and the Southern Ohio
Savings Bank & Trust Co., Cin¬
Sept. 10.
cinnati. An issue of $386,000 bonds
Willis Township (P. O. Sawyer), was
left
unsold.
Mayer, J. A.
Casselton, N. Dak.
Bonds Voted—An Issue of $16,000 water system bonds, to bear
v
North Dakota.
$2,500 Town¬
w
Sale—The
Bond
«
ship bonds offered for sale on Oct.
7—v. 164, p. 1772—were awarded
to the Bank of North Dakota, of
Bismarck, as 2y2S. Dated Oct. 7,
1946.
Denomination $500.
These
bonds are due $500 in 1948,
1950,
Trust
White & Co., Fahey,
Clark, & Co.,
Co,,
Chicago;
Braun,
Bosworth
&
Co.,
Inc.,
Provident Savings Bank & Trust
Northern
/Trust
Cincinnati, Harris Trust &
Savings Bank, Chicago; Cleveland
Trust
Co.,
Cleveland; National
City
Bank;
Cleveland;
Assel,
Co.,
1952, 1954 and 1956.
The next Kleimer & Co., Kidder, Peabody
highest bidder was the State Land & Co., R. D. White & Co., and
Department, for 2V2S.
Ryan, Sutherland & Co.
i
OHIO
„
Payne, Ohio
Beaver Local Sch. Dist. (P. O.
Lisbon), Ohio
"f
;
Election
Bond
—
the
be submitted to the voters at
election
general
held
be
to
in
November.
y Bond Offering
—
bonds.,- Dated
Morris,1
F. B.
of $15,000 2%
series No. 1, storm and sanitary
relief sewer bonds. Dated Oct. 1,
1946. Denomination $1,000. These
bonds are due on Dec. 1, in 1948
to 1962.
Bidders may bid for a
different rate of interest in a mu"
the
Interest pay¬
The approving opinion
y4 of 1%.
able J-D.
Peck, Shaffer & Williams, of
Cincinnati, will be furnished. En¬
close a certified check for $150
of
sale
8—v. 164,
awarded to Otis
Oct.
on
were
Cleveland, at
a
for
1643Co., o
offered
bonds
construction
p.
price of 101.437
Denomination
$1,000. These bonds are due oh
Dec. I, in 1948 to 1969. The next
highest bidder was Wm. J. Mericka
& Co., Inci, at a* price of 101.133.
Dated July 1, 1946.
•V'i. '
,s?;.:
.•
I ■■
•
•"
•
.
Elyria, Ohio
^00
'
Bond Election—An issue of
$1,-
500,000 storm sewer bonds will be
submitted to the voters at the
Nov. 5 election.
Lakewood, Ohio
'
A. Rees
Bond Offering—Henry
Director of Finance,
will receive
Oct. 21.
sealed bids until noon on
purchase of $60,000 2%
sewer improvement, City's portion
bonds.
Dated Nov. 1, 1946. De¬
the
for
nomination $1,000.
These bonds
due Oct. 1, as follows: $2,000
in 1948 to 1967, and $4,000 in 1968
to 1972.
Bidders may be for a
different rate of interest in a
are
multiple of % of 1%. A certified
cheqk for 5% of the amount of the
bonds, payable to the City, must
accompany
the bid.
Lima,, Ohio
Defeated—The
'
v.
at
Lowellville, Ohio
t.
Sale
Pond
000.
street
1946.
De¬
are
to
DetaiJs-r-The
improvement
$10,bonds
awarded; on Sept. 21 to the Low¬
ellville Savings & Banking Com¬
were
1V4S.
field of Oklahoma City:
'
,34,000 electric distribution
$30,000 school
on
Oct. 7—
164, p. 1643—were sold as l%s,
a
price of 101.632, a basis of
Sept. 1, 1946.
Denom. $1,500.
These bonds are
due $1,500 Sept. 1, 1948 to 1967.
The next highest bid was 100.13,
for l%s.
sys-
tern extension and improve¬
(
ment
bonds,
at
price of
100.117, a net interest cost of
1.146%, as follows: $21,000
maturing $3,000 April 1, 1949
to 1955 as 114s, $9,000 matur¬
ing $3,000 April 1, 1956 to
1958, as Is, and $4,000 ma¬
turing April 1, 1959, as 114S.
15,000 sanitary sewer system ex¬
and'
tension
improvement
bonds, at a price of par, a net
interest cost of 1.23%, as fol¬
lows: $9,000 maturing $1,000
April 1, 1949 to 1957, as 114s,
$1,000 maturing April 1, 1958,
as
Is, and $5,000 maturing
$1,000 April 1, 1959 to 1963, as
iy4s.
50,000 park improvement bohds,
at a price of 100.05, a net in¬
terest cost of 1.217,%, as fol¬
lows: $24,000 maturing.$3,000
April 1, 1949 to 1956, as iy4s,
$6,000 maturing $3,000 April
1, 1957 and 1958, as Is, and
$20,000 maturing April 1, $3,000 in 1959 to 1963, and $5,000 in 1964, as 114 s.
10,000 fire fighting equipment
bonds, at a price of 100.05, a
net interest cost of 1.166%, as
follows: $8,000 maturing $1,000 April 1, 1949 to 1956, as
114s, and $2,000 maturing $1,000 in 1957 and 1958, as Is.
cil has called
an
City Coun¬
164,
iy2s, at
est
Sale—The
$57,950 build¬
;
Ohio (State of)
Washington
— The
Secretary of
Teachers Retirement
System has announced that $4,614,000 of the 96 blocks of Ohio
municipal bonds amounting to $5,000,000, offered for sale on Sept.
26, were sold to the following
bidders
To. Braun, Bosworth &
Co!, Inc., Ryan, Sutherland & Co.,
2 Bond
the
Sale
State
OREGON
Clackamas County Sch. Dist.
No. 46 (P. O. Sandy), Ore.
Bond
Sale—The
struction
bonds
Aug. 12,
$40,000
offered
1946.
deemable
on
for
sale
1,
1947
due $2,000
are
to
1966.
par on any interest
after April 1, 1952.
lowing bohds totaling $715,000, to
not exceeding 3% interest:
$450,000 water reservoir; $105,000
water system extension; $60,000
sewer system, and
$100,000 park
system bonds.
All these bonds
will mature in 25 years.
for
sale
price
election
Township Local Sch
(P. O. .Toledo), Ohio
Election—An
construction
issue
transmission
bonds
will
held
on
Sold
and
OKLAHOMA
It
First
National
Bonds
Rejected —The $223,000
water plant bonds were defeated
Bank
&
on Oct; 1.
Bethany, Okla.
Bonds Not. Sold^The following
bonds
aggregating
fered at the
same
$399,000,,
Bond
$42,000 sewer main bonds.
$2,500 in 1950 to 1965,
plant bonds was approved at the
$2,00Q in 1966.
election held on Sept. 10.
87,000 watey main bonds.
$5,0.00 in 1950 to 1965*
Frederick, Okla.
$7,000 in 1966.
Bond Sale Details—The $273,000 '?
33,000 white way bonds. Due
Due
and
awarded
$164,000
v.
163,
as
follows:
water
bonds, at
p.
1921
works
-—
were
extension
1950 to
Due
and
$2,1965, and $1,-
sewer
Due
1965, and
$2,000 in 1949 to
$3,000 in 1966.
200,000 hospital bonds. Due $12,000 in 1950 to 1965, and
$
00Q in 1966,
price of 100.045, a
net interest cost of 1.198%, as
?■ (This
notice supplements the
follows:
$70,000
maturing report
given in v. 164, p. 1773.)
$10,000 April 1, 1949 to 1955,
..:v
U as iy4s, $30,000 maturing $10,Seiling, Okla.
•>
000 April 1, 1956 to 1958, as
Bonds Sold
The following
V, Is,; a n d-. $64,000
bonds aggregating $40,000, were
maturing
April 1, $10,0000 in 1959 to offered for sale on Oct. 1 and
a
-
—
a
be
the general elec¬
in
November:
held
and
$125,000
Bond Sale—The
works
sale
$25,000 water¬
bonds
revenue
offered for
Sept. 30—v. 164, p. 1644—
awarded as ,2s.
on
were
SOUTH DAKOTA
Willow Lake, S. Dak.
Bond
Election—An
and
auction
Oct.
struction
submitted
to
the
general election
November.
voters
to
be
at the
held in
"
general
obligation
bonds offered for sale
on Sept. 24
164, p. 1371—was purchased
syndicate composed of E. H,
a
&
Sons, of Philadelphia,
Singer, Deane & Scribner, Glover
& MacGregor,' and Geo. G. Applegate, all of Pittsburgh, as l3/4s, at
a price of
100.527, a basis of about
1.64%.
Dated Oct. 1, 1946.
Due
$30,000 from Oct. 1, 1947 to 1956,
incl, Prin, and int.
payable at the
City Treasurer's office.
offered
Sale—^The
$200,000 re¬
and improvement bonds
for
awarded to
sale
on
Oct.
9,
were
syndicate composed
Hemphill, Noyes & Co., pf
Phillips,
amounting
not
to
exceeding
sewer
follows:
,
Dated
Oct.
1,
1946,
principal
and interest (J-J) payable
suitable
hank
or.
trust
any
company
designated by the successful bid¬
der.
The
Barber,
opinion of
approving
Dorsey, Colman,
of
Barker, Scott &
Minneapolis, will be
furnished.
Enclose
a
certified
payable to the City Treasurer.
'
^
Crockett
TENNESSEE
County (P, O. Alamo),
a
Philadelphia,
on
check for 2% of the amount bid,
Johnstown School District* Pa..
Bond
p.m.
bonds. Due Jan. 1,
$1,000 in 1948 to
1952, $2,000 in 1953 to 1957,
and $3,000 in 1958 to 1962.
15,000 fire protection bonds. Due
$1,000 Jan. ,1, 1948 to 1962.
as
coupon
8
2^% interest:.
$30,000
Johnstown, Pa.
Rollins
until
25, for the purchase of the
site purchase and con¬ following bonds
equipment bonds will be $45,000, to bear
$400,000
—v.
bids
■
of
issue
S. Hamre,
Offering—M.
City Auditor, will receive sealed
price of 100.075.,
Forest Hills $ch. Dist., Pa.,
Schmertz
Term.
Bond Offering—W. W. Griggs,
Chairman of the Hard Roads Com¬
& Robinson, and S. K. Cunning-,
harp & Co., both of Pittsburgh, as missioners, will receive sealed bids
l3As, at
of
a
about
1946.
bonds.
to
McCorjmich, S, C.
Oct. .4—*
,
000 in 1966,
37,000 storm
tion
next highest bidder
Bond
of
following
on
enham, for Is, at
of¬
'
in
Election —The
$425,000 bonds will be submitted
Oct. 1, in 1947 to 1951, incl.
was the
Cheltenham National Bank, Chelt¬
by
Co.,
price >
County (P. O.
Gaffney).S,C»
sub¬
$250,000 sewer
.on
a
SOUTH CAROLINA
p.
funding
Bonds Voted—An issue of $100,000 sanitary sewer and disposal
—
000
The
time, were not
sold:
000
Investment
Cherokee
1643—were awarded to
the First Boston Corp., as Is, at a
price of 100.285, a basis of about
0.905%. Dated Oct. 1,1946. Denom.
$1,000, These bonds are due $50,-
000
stated
are
of
Bonds Sold—An issue of $300,-
is
Trust Co., all of Oklahoma City,
at 100.039.
Atoka, Okla(.
the election held
the
—
164,
v.
in
1, 1943.
These bonds
Abington Township (P. O. Abing- $300,000 hospital,
school bonds.
ton), Pa.
Bond Sale—The
held
of 100.60.
mitted to the voters at the general
election to be held in November.
bonds offer for sale
be
Southwest Greensburg (P. O.
Greensburg), Pa,
Bond Sale—The $25,000 general
obligation coupon bonds offered
line
be
to
Greensburg, for- l3/4s, at
Utility District (P. O.
Bonneville), Ore.
power
oE
will
:
to the voters at
Perry, Okla.
Bonds
election
Westmoreland
Multnomah County, Bonneville
Bond
issue
bonds
Denom. $1,due Oct. 1,
as follows:
$2,000 in 1948 to 1952,
and $3,000 in 1953 to 1957.
The
next highest bidder was Barclay-
PENNSYLVANIA
following
bonds amounting to $25,000 were
the
general
000.
of par.
$275,000
An
—.
construction
Dated Oct.
The next highest bidder
the United States National
a
Election
$200,000
be submitted to the voters at the
on Sept. 30, were awarded
Singer, Deane & Scribner, of
Pittsburgh, as l%s, at a price of
100.90, a basis of about 1.615%.
awarded to the First Na¬
tional Bank, Of Eugene, as
l%s,
at a price of par. Interest
payable
Bank, Portland, for 2s, at
Punxsutawney Sch. Dist., Pa.
Bond
to
recently,
were
Healdton, Okla.
Bonds Defeated—The
defeated at
Treasurer.
for sale
Sale—The $13,00Q school
offered
Public
certified check
a
bonds,- payable to the Township
,
(P, O. Culp Creek), Ore.
A-O,
Enclose
of the face amount of the
November.
Re¬
Lane County School District No. 84
bonds
cipal only. The approving opinion
Townsend, Elliott & Munson, of
Philadelphia, will be delivered to
the purchaser only if and after the
for 2%
at
or
Bond
due
are
National
These bonds
Oct.
date
bonds
of
Affairs.
con¬
Bank, of
Portland,
and
the
Clackamas
County Bank of Sandy, jointly, as
lV2s, at a price of 100.123, a basis
of about 1.475%.
Dated Oct. 1,
from
These
follows: $5,000 in 1947
1950, and $4,000 in 1951 to 1950.
Bids will be received for the en¬
as
proceedings authorizing the issu¬
ance thereof have been
approved
by the Department of Internal
"
awarded to the
were
States
bear
by
Robert W. Wilson, City Clerk, that
Bonds Voted—It is stated tha.
the $95,000 sewer plant bonds of¬
at a
recent election the
voters
fered on Sept. 24, were awarded
approved the issuance of $250,000 as 2s.
Due $6,000 in 1951 to 1965,
building improvement and equip¬ and
$5,000 in 1966/ They were
ment bonds by a wide margin.
purchased jointly by the SmallDue in 15 years.
Milburn Co., R. J. Edwards, Inc.,
Dist.
City
,-W
was
Edgar Honnold of Oklahoma
City.
29, to submit to the voters the fol¬
ing bonds offered for sale on
Sept. 17:
$20,000 water system,
Sept. 28, were awarded to J. A. and
$5,000 storm sewer bonds,.
White & Co., of Cincinnati, as 2s,
at a price of 100.291, a basis of
Henryetta, Okla.
about
1.968%.
Dated
Bonds Defeated—The following
Sept. 16,
1946. Denomination $1,525. These bonds
amounting
to
$139,995,
bonds are due $1,525 March and were defeated at the election held
Sept. 15, 1948 to 1966.
Interest on Sept. 17: $125,000 water works
payable M-N.
system; $4,935 city hall; $9,000
street equipment
purchase, and
Sidney, Ohio
$1,000 park improvement bonds.
Bond Sale—The $73,500 incin¬
erator bonds offered for sale on
.Midwest, Okla.
Oct.
4—v.
164, -' p.
1643—were
Bond Bids Rejected — It has
awarded to Braun, Bosworth & been announced that all bids re¬
Co., Inc., as l%s, at a price of 102,- ceived for the $37,000 sewage dis¬
087, a basis of about 1.56%. Dated posal bonds offered for sale on
Sept. 15, 1946. Denomination $1,- Oct. 5, have been rejected. These
000, one for $500.
These bonds bonds are due $2,000 in 1949 to
are
due on Sept. 15, in 1948 to
1965, and $3,000 in 1966.
1967. Interest payable M-S.
p.
payable M-S.
Runner-up in the bidding
United
1,
two different rates of interest will
be accepted. Registered as to prin¬
2,000 sewage disposal bonds. Due
$500 in 1942 to 1952, inclusive.
on
1,' 1946,
Oct.
tire issue at any of the above rates
of interest but no bid
combining
000 in 1963.
~
Pomeroy Exempted Village
School District, Ohio
a price of par— various bonds offered for
sale on
1773—are dated Sept. 1,
March' 26 and awarded to the R.
1946, and mature $1,000 from Sept.
1947 to 1956, inclusive,
Inter¬ J. Edwards, Inc., of Oklahoma
v.
sive.
8,000 swimming pool bonds. Due
$500 in 1949 to 1962, and $1,-
C.
000 2, 2y4, 2>/2, 2%,
3,3% or 3%%
funding coupon bonds. Dated Oct.
to
election for Oct.
^
pany; as
Due
$2,000 in 1949 to 1963, inclu¬
was
Guthrie, Okla.
awarded to Calvert & Can-
$30,000 water works bonds.
a
Bond Election—The
about 1.588%. Dated
at
$750,000
airport bonds were defeated at the
election held on Oct. L
Bonds
1,
bonds offered for sale
Bond
Brooklyn Local School District
(P. O, Cleveland), Ohio
Bond
Sale—The $225,750
2%
t,
Sale—The
Bond
payable to the City.
,
Aug.
No. 1), Ohio
purchase
tiple of
Harry* White,
sealed
Oct. 11, for the
1963, and $14,000 in 1964, as I
•
Plymouth Local School District
(P. O. Jefferson. R. F. D.
sealed bids until noon on Oct. 22,
for
—
received
on
nomination $750. These bonds
due $750 from Aug.
1, 1947
Finance, will receive
of
Director
noon
1954, inclusive.
Bedford, Ohio
i
~jr:
Offered
Clerk,
bids until
bonds will purchase of $6,000 fire apparatus
construction
$305,000
Bonds
Village
of
issue
An
*
1523
price of 100.717, a basis
1.632%. Dated Nov. 1,
These bonds
are
due
$20,-
000 Nov.
1, 1948 to 1957, Legality
approved by Townsend, Elliott &
Munson,
of
Philadelphia.
The
next
highest bidder was Blair &
Co.,. Inc., and Moore, Leonard &
Lynch, jointly for l3/4s, at a price
of 100.649.
Plains Township (P. O. Plains), Pa.
-
Bond
Offering—Joseph Poczat-.
ko, Township
ceive
Oct.
sealed
Secretary, will
bids until 8
a.m.
re¬
on
15, for the purchase of $44,-
until 10:30 a.m. on Oct. 21 for the
purchase of $125,000 road bonds.
Dated Oct
1,1946. Denom, $1,000.
These bonds
lows:
are
due April l,as fol¬
$15,000 in 1947 to 1950, $10,-
000 in 1951 to 1954, and
1956.
$25,000 in
Principal and interest pay¬
able at the bank
of Alamo/ Suc¬
cessful bidder will pay
for the le¬
gal opinion of Chapman & Cutler,
of Chicago,
forms.
for
and supply the bond
Enclose
$2,500.
a
certified
/
check
Monday, October 14, 1946
FINANCIAL CHRONICLE
THE COMMERCIAL &
1924
a..~
WEST VIRGINIA
:$404,000,
Fifth Series, Beaver
exceeding I County • Housing Authority , Pa
Ripley, W. Va.
$374,000 Champaign County Hous
Bond Sale Details—The $38,000
ing Authority, 111., $587,000, Fif
$1,750,000 interregional highway teenth Series, Columbus Housing (not $39,000) water plant revenue
bonds awarded recently to Widl ^ bonds.- '
Authority, Ga., $363,000, Milwau
man & Co., of Cincinnati—v. 164,
1,500,000 airport administration kee
Housing
Authority,
Wis
p. 1776—were sold as 3s, and are
building bonds/ ;
notes at .85%, plus small premi
dated March 1, 1946, in the de¬
2,000,000 street and bridge bonds
urns, and $451,000, Long Branch
nominations of $1,000 and $500.
300,000 garbage disposal bonds.
Housing Authority, N. J., notes a
The bonds mature March 1, as fol¬
150,000 fire station bonds.
.86%, plus a premium of $5.
bonds amounting to $5,
revenue
Texas
Atlanta,
,
Bonds Voted—An issue of
000
$30,-
at the
bonds carried
on Sept. 23.
airport
election held
Denton, Texas
Sold
Bonds
:
been
have
following
The
—
to
$2,270,000
subject to the.
amounting
"bonds
sold
election to be held on Oct. 15:.
•
750,000 power plant and distri-
bution system bonds.
225,000
street
improvement
bonds.
1
'
' - '
1
" "
; '
„
improvement
hall
city
15,000
bonds.
Nov.
Dated
1
s'ys-
$1,225,000 water and sewer
'
tem bonds.
"•
:
not
700,000/ to -bear
2%
interest:
Dehorn
1946.
1,
$1,000. These bonds are due seri¬
ally in annual installments as
nearly equal as practicable for a
These are the
period of 20 years.
authorized
bonds
election
at the
Sept. 25, 1945.
and interest payable at
held
on
Treasurer's office, or
Principa
the City
at the fiscal
lows:
& Co., Inc.,
successful bidders for
Harriman. Ripley
the
were
$2,000
&
Bank
Chemical
The
Wis.
works
mortgage revenue bonds
offered for sale on Oct. 9—v. 164,
Trust
of the City in New York Co., of New York, and Associates,
City. The bidder shall pay for the were the successful bidders on
35,000 fire department bonds.
8,
for the following
12
printing of the bonds, and the City Oct.
;
Sch. Dist.,
will furnish the opinion as to months Temporary Loan notes ag
legality of the bonds by the City gregating $6,328,000 at .86%:.
/ Bonds Sold — The Superintend¬
Attorney and the approval of the Mayaguez, Puerto Rico_ $861,000
1,430,000
ent of Schools has announced that Attorney-General of Texas. En¬ Ponce,'Puerto Rico
close a certified check for $10,000, Puerto Rico:
an issue of $20,000-2%% refund¬
Fourteenth Series
1,037,000
ing bonds was purchased recently payable to the City.
Fifteenth Series
1,000,000
by the State Board of Education.
Seagoville, Texas
Sixteenth Series
2,000,000
De Witt County (P. O.
Bonds Voted—An issue of $50,Cuero), Texas
000 water and sewer bonds was
VERMONT
1644—were awarded to Halsey,
Co., as 1.70s, at a price
p.
agency
Stuart &
of
100.126,
a
basis of about 1.69%.
Dated April 1, 1945.
due
are
1970.
to
These bonds
May and Nov. 1, 1966
on
The next highest bidder
Paine,
Curtis, for
was
Soldi—It
is
deposit
$95,000,000
stated
certifi¬
Sept. 10 to the
0.625%. Dated
Sept. 10, 1946. Due on March 11,
cates were sold on
chartered banks, at
1947. sA
"
Bills Sold—An issue of
$75,000,-
ONTARIO
Sale—The $150,000 water
Bond
#
20,000 park improvement bonds.
Certificates
that
treasury bills was sold on
Sept. 12, at an average yield of
0.402%,
Dated
Sept.
13, 1946.
These bills are due Dec. 13," 1946#
WISCONSIN
Eau Claire,
'
— $75,000,000 bills,
Aug. 30, 1946; maturing on
dated
Nov. 29.1946.
000
March 1, 1960.
$502,000, Allentown Housing
Authority,
Pa.,
and
$500,000
Eighty-Sixth Series, Boston Hous¬
ing Authority,
Mass., notes at
.74%, plus a premium of $7.93 for
the
each issue.
$1,500 in 1960 to 1967, and
in 1968 to 1980, callable
9, 1946; maturing on
dated Aug.
Nov. 8, 1946.
On Aug. 29
Webber, Jackson &
l%s, at a price of
Huron
County (P. O. Goderich)»
Ontario
.
Bond Sale—-The
bonds offered for
were
$250,000 county
sale on Sept. 25,
awarded to Anderson & Co.
at a price of 99.93.
Oct. 15, 1946. Due $50,000
iri 1947 to 1951, incl.
of Toronto,
Dated
QUEBEC
100.182.
Montreal, Que.
—
of
issue
Election —An
Bond
$600,000 bridge construction bonds
will be submitted to the voters at
Details—The follow¬
ing bonds amounting to $200,000
and awarded on July 30 to the
Bank, of Minneola,
l%s—v. 164, p. 876—were sold
First National
as
at a
from
Due
system
sewer
Due from 1947 to 1956
bonds.
incl.
15,000 city hall and fire station
bonds. Due from 1947 to 1956
incl,
45,000 street improvement bonds.
:
incl.
Due from 1947 to 1956
.
^
\
<t
til 7:30 p.m. on Oct. 28, for the
purchase of $279,000 of the $364,000 bonds, authorized at the elec¬
tion held on Sept. 10.
-Vr'-1;
:•
'
'-•)
/
•'
"V'j
;
v
'•
-t•
Aug. 1,1946. Interest pay¬
F-A.; These bonds Were au¬
thorized
the
at
election
held
on
July 6, 1946.
Federal
of $35,
Bonds Voted—An issue
000 first
mortgage sewer revenue
approved at the elec¬
tion held on Sept. 14.
bonds was
Littlefield, Texas
be received until
$190,000 3% series of 1946, water
and
sold.
Dated
have
bonds
revenue
sewer
been
April
Legality
approved
Dumas, of Dallas.
1,
1946.
D.
W.
by
McAIletiIndependent Sch. Dist.,
Texas
total of $39,247,000 housing notes,
all of which will be dated Nov.
and
19,
1946,
follows:
of
$500,000 construction bonds
will be submitted to the voters at
an
are
dviided
election to be held in the near
payable M-N.
Maturity
Nov 25, '47
Nov 25, '47
Nov 25, '47
504,000
810,000
303,000
195,000
424,000
557,000
Nov 2§, »47
Nov 25, '47
Nov 25, '47
Nov 25, '47
Nov 25, '47
Nov 25, '47
Feb 24, '48
Nov 25, '47
Feb 24, '48
Memphis, Term—— 1,405,000
Nov 25,'47
Authority
Alexandria, La
Mont.
Chester, Pa
Chicago, 111.
Corpus Christl, Tex.
Darlington Co., S. C.
203,000
Detroit, Mich
14,748,000
Ind.
Glendale, Ariz
Kern Co., Cal
Madison Co., Ill
Newport
News,
Oakland,
Monday, Texas
bonds
Nov
Nov
Nov
Nov
Feb
Va._ 1,649,000
Cal
3,773,000
—_
1,538,000
Providence, R. I
4,618,000
Rock Island Co,, 111.
392,000
Portsmouth, Va
SoM—Of the total
Notes
'47
'47
'47
'47
the
542,000 notes was secured by
Chemical Bank & Trust Co.,
and
a large group of other banks, in¬
cluding the National City Bank,
Trust
Bankers
both
Co.,
National Trust & Savings
Associ¬
taking
Francisco,
San
of
$50,000
was
pur¬
chased
name
recently by the Robert
Mclntyre Co., and the First of
Texas Corp., both of San Antonio,
less than $100,000
crued interest.
Douglas, Wye.
Bond Election—An issue
election to be held in November.
The
Rawlins, Wyo.
Bond
and ac¬
Hanover
the Central
Clallam County Housing Author¬
of
WASHINGTON
the
Com¬
airport
will be submitted to the
at the Nov. 5 election.
that
Bonds
Dated
Fridley & Hess, both of Houston,
the First Southwest Co., and R. A.
Underwood & Co., both of Dallas.
bonds
These
authorized
were
notes at .86%.
Dists.,
Riverton, Wyo.
Salomon
Bros.
ders
for
the
at
Series,
the election held on Aug. 10,
&
Hutzler,
$1,000,000, Twelfth
Beaver
County
Housing
election to be held on Oct. 22.
Sch. Dist.
Rock Springs),
Wyoming
Sweetwater County
Pittsburg, Texas
:
Bonds Sold—An issue of
street
improvement
bonds
purchased recently by
&
\
$50,000
was
Crummer
Co., of Dallas, Texas.
San
Bond
Brady,
Antonio,
Offering
City
sealed bids until
10
a.
m.
Na¬
(Washington,
D.
C.),
at
notes
The
W.
Trust
Central
Hanover
Bank
Co., of New York, was the
receive
successful bidder for the $500,000.
Oct.
Eighty-Seventh Series, Boston
on
17, for the purchase of the follow¬
Housing
at
general
Authority,
Mass.,
$11,
at the
District
the
award
of
the
Co., A. E. Ames & Co., both of
Toronto, W. C. Pitfield & Co.»
Royal Securities Corp.,
Nesbitt
Thomson
& Co., Savard Hodgson
& Co., Rene T. Leclerc, Inc., all of
Montreal, McLeod, Young, Weir
& Co., Mills, Spence & Co., Bell,.
Gouinlock & Co., all of Toronto,
Collier, Norris & Quinlan, Greenshields & Co., McTaggart, Hanna^
ford, Birks &
Gordon, Mead 8c
Co., Societe Generale de Finance,
all of Montreal, Gairdner & Co.,
of Toronto, Midland
Securities,
Ltd., of London, Ont., Cochran,
Murray & Co., of Toronto, Paul
Gonthier & Co., Desjardins, Gouture, Inc., Credit Interprovincial,
Credit
Anglo-Francais, ; Lajoie,
Robitaille & Co., Geoffrion, Rob¬
ert & Gelinas, Inc., Kerrigan, MacTier & Co., McNeil, Manther, Inc.,
all of Montreal, Oscar Dube & Co.,
La Corporation de Frets de Que¬
bec, P. E. Letourneau, Inc., all of
Quebec, Guildhall Securities, Ltd.,
of Montreal, J. C. Boulet, Laqueux
& DesRochers, Garneau, Boulan-
Hamel, Fugere & Co., J. E.
Ltd., all of Quebec,
Forget & Forget, of Montreal, R„
A. Daly & Co., Bartlett, Cayley &
Co., both of Toronto, Canadian Al¬
liance Corp., of Montreal, Clem¬
ent, Guimont, Inc., Of Quebec,
Burns Bros. & Denton, Harrison &
Co., Matthews & Co., Fry & Co.,
all of Toronto, J. C. Rogers & Co.,
Crabtree & Co., G. E. Leslie & Co.,
Fortier, Brisebois, Inc., all of Mon¬
treal, Anderson & Co., Brawley,
Cathers & Co., Fairclough & Co.,
all of Toronto, Jos. Morency, Ltd.,
Barry & McNamamy, both of Quebee, Kippen & Co., Inc., J, D. Pe¬
ters & Co., Hart Smith & Co., all
of Montreal, Charles H. Burgess
& Co., Beatty, Webster & Co., W.
C. Harris & Co., Wisener & Co., all
of Toronto,' Ross Bros. & Co., of
Quebec, L. E. LeBlond, Dawson,
McLean, Ltd., Grenier, Ruel & Co.,
St.-Onge & Fournier, Inc., and
Cote & Co., all of Montreal.
ger,
Laflamme,
Noranda Catholic
CANADA
5
School Com-*
mission, Que,
//.p
/
Bond Sale—The
$300,000 build¬
ing bonds offered for sale on Sept.
17, were awarded to a syndicate
treasury bills were sold on Oct. composed of Oscar Dube & Co., J,
E. Laflamme, Ltd., and La Cor¬
10, at an average yield of 0.395%.
poration de Prets de Quebec,1 all
Dated Oct. 11, 1946. These bills
of Quebec, at a price of 98.85, an
are due Jan. 10, 1947.
average basis of about 3.05%, for
Treasury Bills Sold—The fol- $59,000 as 2%s, $68,500 as 2%s,
and $172,000 as 3s. Dated Sept. L
owing Treasury Bills' aggregat¬
1946. The only other bidder was
ing $150,000,000, have been sold Burns Bros. & Denton, and Coch¬
Delridge
No.
Way,
al,
et
5561, bonds, Nos. 23
On October
51st Avenue N. E.,
Interest
District
to 28.
following
matured
District No. 2321,
/
dates called.
Cash is also available to
;he
,
7
District No.
to 42. J
on
ceases
Canada (Dominion of) v
Bills Sold—The $75,000,000
apply on
bonds:
No. 55; District
at
notes 3599, No. 126; District No. 3605,
.84%, plus a premium of
with
v
5554 bonds Nos. 22
&
be submitted to the voters
will
election to be held on Oct. 19.
Eighth Avenue, South,
No. 8.
On October
of
issue
Election—An
Bond
$250,000 construction bonds
No. 5564 bond,
Capital Housing Authority
ing public improvement,
Series
.85%, all plus small premiums.
Frank
will
Forty-Seventh
tional
Texas
—
Clerk,
Housing Authority, Mass., $1,500,-
000,
No. 4 (P. O.
On October 4
Authority, Pa., $1,753,000 Boston
the
be submitted to the voters at
West, District No.
of 5548 bonds, Nos. 17 to 20.
successful bid¬
of
issue
$150,060 water system bonds will
5th Avenue,
New York, were
1946. Denom.
Interest payable
1,
Election—An
Bond
Housing
,
Sept. 1,
M-S.
>
composed of A. W. Snyder & Co.,
Sept.
$1,000 and $500.
Collier,
L.
Called—H.
l%s, at a
basis of
Due
1948 to 1956.
$3,000,000
Local Improvement
:
Washington.
1.396%.
about
President of the Port
mission
1956.
25,000 sewer bonds, as
price of 100.62, a
Election—It is stated by
Bond
Bank
follows:
as
to
1949
Seattle, Wash.
Port of
$1,000,000,
Columbus
Rawlins,
$600,000 water bonds, as 2s, at a
price of 101.416, a basis of
about 1.849%.
Due Sept. 1,
payable to the Town.
Seattle
County
City, and the First National
of the Town. En¬
certified check for $2,000,
a
Eleventh
Wash.,
gen¬
obligation bonds offered for
sale on Oct. 7—v. 164, p. 1644—
were awarded to a syndicate com¬
Hank & Trust Co., New
eral obligations
close
Housing Authority, Pa., $167,000,
Series,
.
$625,000
The approving
York.
voters
ity,
Sale—The
eral
Sixteenth City Treasurer, has announced
that the following bonds have
Au¬
been called for payment, at his
Nederland Independent Sch. Dist., thority, Ga., $1,756,000, Galveston
office:.-'
'*
"• 1
<"
Texas
Housing Authority* Tfex., and $4,;Vr".v'
On October 3
Bonds Sold—An issue of $450,- 614,000, National Capital Housing
50th Avenue, Southwest, et al,
000 construction bonds was pur¬
Authority (Washington D. C.), !District No. 5519 bond, No. 22.
chased on Sept. 18, by a syndicate
jointly.
of $20,-
hospital bonds will be submit¬
ted to the voters at the general
000
The principal and
payable at
interest
election to be held on Oct. 29.
bonds must
price offered for the
not be
$325,000 water works bonds will
be submitted to the voters at the
multiples
one-tenth of 1%.
or
of
issue
Electlon-wAn
Bond
requested to
the rate or rates in
of
3onds
Beaver
Bidders are
to 1968.
$226,000 Annapolis
Series,
Cody, Wyo.
Council, will
receive sealed bids until 2 p.m. on
Oct. 30 for the purchase of $100,000 water coupon bonds, not ex¬
ceeding 6 % interest. Dated Oct.
1, 1946. Denom. $1,000. These
bonds are due $5,000 Oct. 1, 1949
of the Town
Clerk
of
New York, the Bank of America
ation,
WYOMING
posed of the Harris Trust & Sav¬
opinion of ings Bank, of Chicago, First Se¬
curity Trust Co., Edward L. Bur¬
Reed, Hoyt & Washburn, of New
'48
ton & Co., Continental National
York, will be furnished the pur¬
$16,Bank & Trust Co., all of Salt Lake
chaser. These bonds are the gen¬
25,
25,
25,
25,
24,
476,000 temporary loan notes of¬
fered by various housing units on
Oct. 8, a block aggregating $8,-
the following:
Bonds Sold—An issue of
i
'
South Hill, Va.
Offering—W. B. Warren,
Bond
Housing Authority, Md., $779,000,
future.
improvement
as
Amount
$638,000
387,000
5,082,000
Local
the
Bond Election Planned—An is-!
Nov.
VIRGINIA
pet. 29 by the
Authority, for the purchase of a
Secretary, has announced that the
,
on
bonds.
City
Bondd $oii£--W. E. Street,
sue
due
Housing Authority
Note Offering—Sealed bids will
Payette Co., Pa.—__ 2,021,000
Hondo, Texas
$1,000. These bonds
1, 1949 to 1971
Denom.
1946.
Public
Fort Wayne,
;
l3As, at a price of. 100.34, a basis
about 1.72%.
Dated Nov. 1,
of
Interest
Anaconda,
/•;
n
Dated
able
W
ing bonds offered for sale on Oct.
5—.v. 164, p. 1644—were awarded
to Laidlaw & Co., of New York, as
are
nection
$56,885,000 serial debentures, 1946
on July 2, were awarded recently
refunding issue, to the syndicate
to the Farmers Savings Bank, of headed by L. G. Beaubien & Co*
Mineral Point, at a price of 98.00. of Montreal, and the Dominion Se¬
curities Corp. of Toronto, at a
Milwaukee County (P. O.
price of 97.81, an average basis of
Milwaukee), Wis.
about 3.095%—v. 164, p. 1776—
Bond
Offering Pending — The
it is now stated that the following
County Board of Finance Com¬
mittee is said to have proposed to companies were associated with
the above-named in the purchase
advertise for sale an issue of $2,of the debentures: Wood, Gundy &
400,000
airport
site
purchase
UNITED STATES
1956 incl.
1947 to
sanitary
85,000
i
City Secre¬
Additional Information—In con¬
Wis.
Sold—The $35,000 2%
water works bonds offered for sale
Castleton Fire, District No. 1, Vt
Bond Sale—The $90,000 refund¬
price of par:
$55,000 water works bonds.
;
Sweetwater, Texas
Bond Offering—The
'
Bond Sale
on
tary will receive sealed bids un¬
Texas
Hawkins,
held
election
the
Sept. 23.
election.
the Nov. 5
at
ratified
Mineral Point,
Bonds
Nos. 43 and 44.
,
a
price of 0.402%:
On Aug.
8
—
'
$75,000,000 bills,
ran, Murray & Co., jointly, for
2V2S, and 3s, at a price of 97.05.
@FedFRASER