The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
MONDAY
A®**
Tie>'!»r'
ni,
OCT 1 ft J84$
lal and
ommetcial an
Volume 158
New York, N.
Number 4221
General
RAILROAD
PUBLIC UTILITY
-
dividend
A
Straus, Inc.—75-Cent Dividend—
&
of
75
cents
stock, no par value, payable Oct. 25 to holders of record Oct. 18.
compares with $1.50 paid on July 24, last, 50 cents on April 24,
This
1943,
$1 on Jan.
25, 1943.
Payments during 1942 were as follows:
24, $2; and April 25, July 25 and Oct. 24, 50 cents each.—V. 157,
and
Jan.
Price
Marietta
"A"
of
common
$2.50
Nov.
issues
record Oct.
of
$1
share
per
Like
amounts
were
1942 on the class "A"
common
stock
April 30,
on
Payments during
20.
last.
disbursed
as
on
Oper.
fol¬
"September
dividend
no
of
50
cents
value,
par
per
payable
shipments
Distributions of 25 cents each
made
were
Feb.
on
1, May
1 and Aug.
this
year.
Aug.
1, 25 cents each; and Nov. 2 and Dec. 23. 50 cents each.—-V.
Payments
in
1942
were
follows:
as
Feb.
2,
1
May
Alliance Public Service Co.—To
See
Cities Service
Power
&
Liquidate—:
Stock
York
New
•
New York
Quotations
Sought
of
of
America
660
So.
Oct,
business
19,
Los
St.,
1943,
and
Angeles,
bids
receive
for
mortgage sinking fund bonds dated Feb.
exhaust the
to
bonds
the
The
Savings
Calif.,
Association,
will
until
sale
the
it. of
to
Cleveland Stock
Income
Detroit
1, 1935, to an amount sufficient
of $67,S87.84, at not - exceeding a price at which
be purchased at that time in the open market.
has deposited with the Bank of America National
Savings Association sufficient funds to enable the
co¬
and
trustee
to
to
pay
the holders
of the
bonds
interest
2
the
for
ended
July 31, 1943.
The distribution was, made Oct.
l,v
leaving $273,060 on deposit with the co-trustee who is required
according to the terms of the Trust Indenture, to set up certain re-'
1943,
'/■
■
•'
deducting operating expenses and the cost of repairs and re¬
habilitation, all of the cash receipts are deposited with the
co¬
•
..
After
for
trustee
trust
specific
indenture.
excess
746.
Bondholders
and
of
is
cess
the
for
at
cost
total
set
as
forth
of
be
must
the
trust
applied
period
retirement
of
ended
bonds
$57,632.—V.
in
p.
indenture,
50%
to
the
for the
period,
July
31.
1943,
principal
the
$89,500
Dividends
Can Co.—New Director—
Foreign
share
per
record
May
Feb.
Oct.
1
20.
and
2
the
on
and
each—V.
declared
11
common
May
2,
1,
last.
25
a
of
15
Payments
cents
each;
payable Nov.
each
cents
and
1942
were
and
Aug.' 1
Feb.
1,
Nov.
2,
15
in
Continental
&
Corp.—$300,000
The
of
Auction
Net
Equity Corp. has called for redemption
of 5% gold debentures due 1953
on
Feb.
of
American
Continental
office
of
agent.
Corp.
J.
Wall
48
at
Henry
par
and
interest.
New
1944,
total
a
British
&
Payment will be made at the
Corp.," the New York paying
Schroder
St.,
1,
Banking
York, N. Y.,
or
at
the
office "of
J.
Henry
Schroder & Co.,
the London paying agent, 145 Leadenhall St., London,
If presented in London, the redemption price shall
be collectible at the buying rate for
sight exchange on New York on
the day of presentation for collection.—-V.
157, p. 1417.'
11'
* ' <
E. C. 3,
Inc.—Cash
Interest
Divs.
and
in
1940
$353,725
$356,175
$598,775
$423,313
accr'd
102,170
103,480
111,253
118,005
7,777
7,365
9,585
or
securities.
.
added.—V.
158,
Total
$463,672
$467,020
$719,613
$541,318
22,044
22,446
21,479
17,501
Interest
28,139
——
paid
Federal
"Net
those
or
income
accrued
29,656
61,534
75,563
$354,989
$414,918
$636,599
$443,254
225,000
225,000
525,000
300,000
53,175
88,625
$76,814
$101,293
"tax
income
58,500
_
Pref.
stock
dividends.J
Com.
stock
dividends
to
surplus
the
of
Piano
annual
directors
♦Computed
amount
$783,718
sales
of
of
without
$220,212
in
1940
securities.
securities,
regard
in
which
1943,
to
net
loss
$404,871
on
sales
in. 1942,
charged to
determining the
was
reserve
of
$148,254
securities
$643,054
in
for possible
in
1941
losses
the
the
In
gain or" loss, the cost of the
identified by stock certificates and bonds delivered
against
sales was used.
'
Balance
Assets—Investment
accrued interest,
:j
{./,
Sheet, September 30,
securities,
at
Ch&ifman
Inc.
of
of
members
«
$417139'
't..
Liabilities—Secured
bank loan (1945-1946),
$1,700,000; sec^dVibank
(payable June 1, 1944), $100,000; accrued taxes, $79 47l; accrued
expenses, $6,250; preferred stock (48,940 shares), $4,894,000;'common
stock (354,500
shares), $354,500; option warrants, $61.1; reserve for
possible losses on sales of securities, $1,876,079; capital*surplus
$2-
loan
061,595; surplus, $154,205;
total, $11,226,715 —V. 158
p^33
'
'
•
222,536
debt
dent
of
The
Chickering
nine
Board
York
E.
to
—
Mr.
Lawrence
has
President
of
old
Sons
members.
eleven
409,522
1,464,982
1,864,739
1,357,014
5,071,774
5,535,157
$2,261,731
$1,755,161
$7,757,483
$6,065,110
from
been
been
American
at
&
I".
with
connected
Campbell
Music
Piano
$3,396,845
Industries
he
.
He
Co.
and
the
409,522
1,464,982
1,864,739
1,174,521
1,357,014
5,071,774
5,535,157
$1,837,915
.....—
$1,704,189
$6,269,497
$4,898,522
Balance Sheet, June 30, 1943
Assets—Investment
cash
securities and advances, subsidiaries, etc., $500,banks, on demand, $7,477,652; U. S. Treasury bills,
receivable, $25,007; Interest receivable, $2,236,998;
in
accounts
current
and
assets,
$4,295;
deferred
$6,478,415;
expenses,
Liabilities—Capital
stock
(no
charges, unamortized
total, $518,344,355.
par),
000,000; accounts payable, $157,941;
cellaneous current
liabilities, $8,349;
sidiaries
In
received
$1,625,000;
earned
advance,
surplus,
66,500
9,694,946
C.
Alfred
Service
was
also
Presi¬
of
several
Commerce.—V.
as
158,
Output of
for
electric
week ended
the
the
10.90 %
over
week
energy
Oct.
1942.
of
$135,768;
1943—8 Mos.—1942
$
:
$
16,614,181 139,129,314 125,692,122
83,000
669,000
556,500
8,079,102
75,964,172
65,380,694
8,452,079
62,496,142
5,895,891
43,054,612
59,754,928
41,030,282
^
.
2,556,188
19,441,530
85,276,069
18,724,646
87,471,940
1,218,512
Medical Director—
five
years
Sept.
Melville
company,
retired
age
H.
Manson
effective
Oct,
total,
income from
sub¬
contingency reserve,
$518,344,355.—V. 158,
:
73,946,200
output
1;
under
65.—V. 158, p. 1126.
has
1,.
the
been
appointed
(^Medical Director
of
succeeding Dr. cassius H. Watson,
Bell System plan of retirement at
'
,
of
for
electric
the
corresponding
,
energy
1943
1942
1941
for the last
1940
1939
2—
9—
158,
p.
74,148,000
65,337,000
54,110,000
51,949,000
82,022,000
73,332,000
67,968,000
53,076,000
52,787,000
82,071.000
72,900,000
68,941,000
54,372,000
54,648,000
82,007,000
73,946,000
69,498,000
55,318,000
54,900,000
1437.
Arden Farms Co.—Preferred
Stock
Offering—
Company granted to the holders of its preferred stock rights to sub¬
scribe to 26,000 shares of $3 preferred stock (no par) at $40 per share.
subscription
were
warrants
subscribed
for
have expired
through the
and
all
but
exercise
of
2,177
of 'such
such
warrants.
Company proposes to offer to
the public the 2,177 unsubscribed shares
at
$42 per share
(making an aggregate offering price of $91,434)
which price has been fixed'by the board of directors.
The net proceeds are to be applied to the prepayment, so far a3
such
net
proceeds
suffice therefor,
of
the
$1,050,000 notes
(4%,
maturing serially 19$4 to 1950) outstanding.
Company may prepay,
at one time or from time to time, any balance of the notes in whole
or in part from other corporate funds.
March
31,
1943
Authorized
stock
:
$1,200,000
Outstdg.
$1,200,000
125,000 shs.
f65,135 shs.
600,000 shs.
(4% maturing serially 1943 to 1950)
preferred stock (cumul. and partic.)
♦Notes
$3
Nov.
kwh.,
.
weekly
81,351,000
18
Oct.
of
of
Inc.—Output—
of the electric properties of this company
1943 totaled 82,007,000 kwh„ an increase of
follows;
Sept. 25—_
—V.
9,
output
table
Week Ended—
Common
Dr.
special
$35,196,881;
:,
Comparative
shares
2,334,911
573,793
income—
who
funded debt, $85,accounts, $2,279,962; mis¬
deferred credit,
many
terms
6,877,212
4,542,301
revenues...:
taxes
this
dis¬
1237.
p.
and later as Presi¬
served
$
rev..
oper.
debt
$393,940,452;
accrued
American Water Works & Electric Co.,
the board
industry for
piano
also
1943—Month—1942
expenses—.
income
$3,470,725 $12,806,253 $12,298,418
of
Capitalization,
Net
1943—12 Mos.—1942
/
.
exps.
i
.
.
121,988;
exception that Richard W.
also elected Vice-Presidnt.
Chamber
$
Net
periods
:
384,409
——
amortiz.
V
$3,326,949 $12,516,154 $11,630,212
143,776
290,099
668,206
8,444
taxes
disct.
Oct.
the
was
with
and
16,638,658
revenues
oper.
$3,388,401
—
$2,000,000;
American Telephone & Telegraph Co.—Earnings—
Uncollectible oper.
respective
Balance carr. to earn.
time.
one
director,
a
Period Ended Aug. 31—
Operating
the
to
1943—3 Mos.—1942
subs
surplus
1437.
Operating
applicable
unearned.
or
income
debt
Single
of
Vice-President of The Aeolian Co.
the
requirements
Earnings of Company Only
Interest and
elected as one of the addi¬
Vice-President of Bankers
was
Hunter,
elected
were
has
years, first as a
dent of Kohler
$3,521,697 $14,294,239 $13,465,006
V:.
------
dividend
including
-1571
Treasurer
and
City,
Carlisle
the
&
officers
who
$14,004,140 $12,796,800
290,099
66'8,206
143,776
and
Total
Corp.,
same
Lawrence,
$14,004,140 $12,796,800
$3,377,921
disct.
Exps. and other charges,'
same
from
the
New
and
President of
was
$3,377,921
•
384,409
Period Ended June 30—
was
Operating
cash
$3,812,217
expenses
Income
New York City, was elected as the other.
Mr.
connected with the piano industry ;for many years, having
been associated with The Aeolian Co. as Vice-President and some years
Wagner
Net
If).
costf j"'0.778,724;
$30,851; total, $11,226,715.
•.•
.
374,558
1,174,521
public
I
s
Corp.—New Directors, Etc.—
increased
and
on
39,459
8,444
whether earned
1577
1551
1551
..1551
-1577
meeting of the company held on Sept. 29,
was
Commercial
p.
$111,599
subs.u—
—$3,812,217
of
♦Full
The
Balance,
Drl96,24l
1126.
p.
American
At
of
ago
Exps. incl. miscell. taxes
195,063
:
82,657
$3,820,661
Balance-
t
tional
1941
Dr25,465
$3,417,380 $14,378,698 $13,019,336
to
•:
Total
period last year, and that busi¬
ness now on
the company's books will maintain this increase, which
has been consistent through the year." \V:
■
.
:■
The company recently purchased land adjacent to their Kankakee
and High Point plants so that expansion of their manufacturing facili¬
ties can proceed as soon as restrictions are removed, the announcement
above
Containers,
1942
$14,183,635 $13,215,577
of Amer. &
of
count
14.5%
Wagner,
Co.—Earnings-
1943
rec'd._
divs.
rec'd
rec.
Sept. 30—
94,171
$3,894,874
income
Other
System..
Sales
.
American European Securities
540,212
$3,442,845
Exps. and other charges,
including taxes
England.
9 Mos. Ended
2,067,901
535,716
Power Co., Inc.
equity i;
Other
of
were
$300,000
2,128,836
public—
interests—
inc.
amort,
Capital Flotations for September
British
1,867,413
$15,283,478
————
other
American,
1,911,396
$16,312,471
Amer. & For. Pwr. Co.:
of
Stock and Bond Averages..
cents
Debentures to Be Retired—.
451,886
$3,983,057
$3,800,703
For.
--1576
Transaction N. Y. Curb Exchange..—
follows:
as
515,220
applicable
Interest
Member Banks
of
Statement
Transactions N. Y. Stock Exchange
cents
of
on
to
Net equity
Federal
of
Statement
Condition
Federal Reserve Bank
35
holders
to
made
were
during
1
of
452.
p.
Clearings.
Reserve Banks
dividend
885,289
public
deducts
minority
1574
1568
—157 6
and Payable
Rates
Exchange
Condition
year-end
stock, par $5,
Distributions
Aug.
158,
Oct.
on
divs.
Portion
.1567
Markets.
Declared
Combined
1940,
American Barge Line Co.—Year-End Dividend—
directors
758,256
$18,223,867 $17,150,891
$4,336,419
Balance
Offerings and Sales___1580
September Municipal Borrowings...1588
Redemption Calls & Sinking Fund Notices.1574
beej^gcted a director.—V. 157, p. 1937.
The
169,186
$4,434,943
Exchange adjustment on
working capital, net-
State and City Bond
ex¬
355.
R. C. Taylor, who has been Vice-President of manufacture since
has
24,337,
$16,265,602
_______
Stock Exchange
The Course of Bank
American
"...1562
1563
1563
1563
Corporation and Investment News.1525
Gross and Net Pvailroad Earnings for First
Six Months of 1943—....
1586
co-trustee
of
amount
167,563
Balance
General
interest
the
27,316
$4,265,757 $17,465,611
$4,851,639
to
other
♦Pfd.
Miscellaneous Features
in,
of
earnings
retirement
When
net-
.....
retirement
interest.
paid
the
158,
for
co-trustee
7.194
...
....1562
Exchange
Over-tlie-Counter
the
in
aggregating $128,-
payment
the
payment of additional
six-month
purchased
a
the
by
5'k\ per annum has been
to retirement of bonds..
applied
During
aside
set
provisions
annum
to
of
rate
been
the
per
50 %
receiving an interest
has
Under
3%
of
the
at
are
$67,588
and
reserves
receipts
bonds.
excess
bonds
and
7,457
$4,684,076
—
Balance
;
Angeles Stock Exchange
During the six-month period ended July 31, 1943.
deposited with the co-trustee amounted to $475,-
such
942,
disbursements
plant,
income
interest
—
six
months
serves.
$4,272,951 $17,492,927 $16,289,939
Philadelphia Stock Exchange
company
Trust
of
income,
and
—..1564
1564
Pittsburgh Stock Exchange
..1564
St. Louis Stock Exchange..
..1564
Montreal Stock Exchange.
i
..1565
Montreal Curb Exchange..—
—....1565
Toronto Stock Exchange
———.1565
Toronto Stock Exchange—Curb Section___1567
Los
sum
may
Net
..1562
_
Cincinnati Stock Exchange
co¬
close
the
Exchange
Exchange._____
Stock Exchange..—
Chicago
National;. Trust
Spring
Stock
Stock
Boston
■—Oct. 1 Interest Paid—
Bank
5,303,798
$4,691,533
$68,412,075 $61,214,226
res.
—...
Gross
...1541
1557
Exchange....
Exchange...
Curb
Baltimore
trustee,
5,692,221
for lease
Other
Stock and Bond
i
Ambassador Hotel Co. of Los Angeles—Tenders
1,264,543
Operating income
and
158,
-
Light Co.
39,620,489
1,381,535
net
Issue
Page
-
45,226,927
——
taxes
2,
1125.
p,
10,315,148
revenues—
oper.
Rent
This
In
$15,852,642
11,817,836
incl.
appropriations
Net
share has been declared on the common
Nov. 1 to holders of record Oct. 22.
1943—12 Mos.—1942
$17,890,904
revenues.—
exps.,
Property retirement
that
Subsidiaries)
1943—3 Mos.—1942
Subsidiaries:
Operating
were
Chinese
(Excluding
Period Ended June 30—
Adams-Millis Corp.—To Make 50-Cent Payment—
A
Copy
a
American & Foreign Power Co., Inc. (& Subs.)—Earns.
the class
on
'
May 1, 50 cents; and Nov. 1, $1.
Grover M. Hermann, President, stated
^
stock,
Cents
60
MISCELLANEOUS
-
Class A Div.—Shipments
dividend
a
stock, no par value, and the usual semi-annual dividend
share on the 5% preferred stock, par $100, both payable
holders of
to
1
these
per
Co.—$1
declared
INSURANCE
-
lows:
2208
p.
Y., Monday, October 18, 1943
INDUSTRIAL
-
directors have
The
share has been declared on the common
per
Office
Pat.
Corporation and Investment Mews
American
Abraham
S.
U.
Reg.
493,373 shs.
♦Loan agreement, dated May 14, 1940, with Travelers Insurance Co.,
provided for a loan'of $1,500,000 to be evidenced by ten of these pro¬
missory
notes,
each
for
the
principal
amount
of'
$150,000,
and
to
THE COMMERCIAL & FINANCIAL CHRONICLE
1526
7.500.000
15, 1941, and one on May 15 of each
subsequent year until and including the year 1950.
The first three
maturities, including that due May 15, 1943. have been paid, leaving
$1,050,000 outstanding.
V
•
mature
serially,
tDividends in
shares of preferred stock in
is
shares
presented''td
York
March 31, 1943, to $284,829 or $4.50 per share;
that date been paid in full.—V. 158, p. 158.
at
who
then
hands
of
■//.
U.
those
the
outstanding
V /v".
.•
S.
be
has
District
Court
Thereafter
it
for
will
voting
in
plan will
each
finally
plan,* it
Southern
submitted
become
associated
nounccment .on
will
General
be
District,
the
of
The plan must be accepted
by
Oct.
Weaver,
Army of
in
serve
the creditors
to
Monday, October 18, 1943
has
plan
the
7 'r— —,
the
the
be
when
•/
approved
by classes of securities.
of
by the court,
will
Commission
review.
vote
two-thirds
such arrearages have since
the
the
for
stock
common
.
when
and
New
on
of
consummated.
If
the
arrears
amounted,
public
May
on
one
8
by
who
Aviation
Victor
.
New
be'
capacity
York.—V.
long
a
40 years, is to
over
Corp.,-.'according
Emanuel,
had.
has
consultative
a
headquarters in
,
with. The
President.
and
retired
for.
The
from
.1943—3 Mos.—1942
$
Subsidiaries—
'revenues.-/--
expeuses_-/-
12,768,556
4,316,631
Federal
Other
taxes
,
2,636,300
taxes
$
The
S
29,838,180 130,181,085 120,254,652
11,912,915
49,163,933
47,424,605
4,822,552
16,021,970
17,835,804
2,640,737
t),931,110
10,252,742
33,019,263
Operating
court
-
y-'
158,. p.,:-1342.
approved and confirmed
effective at a date fixed by
Baltimore & Ohio RR.—-To Vote
-•
.
units
V.
oper.
Other
of Associated Gas & Electric Corp. report for the week
1943, net electric output of the Associated Gas & Electric
ikwh. )-...• This is. an increase of 12,946,274
10.5</
above production of 122,864,050 units a- year ;ago.:—
or
158,
1437.
p.
2,931,859
2,925,943
11.825,4 <1
11,683,287
10,365,917
83,390
7,536,032
.31,065
43,238,601
317,859
33,058,214
141,972
Net interest
,
'
_
43,556,460
3,854,230
Aequisitions—
on
3,668,659
27.821,211
/
7,161,833
7,171,745
9,225
7,849
57.297
33,087
to
:
V;/:- / 'Y
.
Co.
of
equity
ican
Power
Co.
in
AmerLight
&
The full
■■
syndicate list with their participations, is'
•
Shields & Co.-——
•
American
Net
& Light
Power
equity
Other
1,867,870
20,602,081
10,324.626
1,867.870
20,602.081
15.955
71,811
R.
68,832
C.
Total
4,822,617
1,883,825
20.673,892
Pressprich
85,434
439.680
Stearns
Trask
Alex.
'
4,675,772
Interest
20,234,212
690.610
2,699,322
56,146
and
Income
1,798,391
656,289
,
76,913
331,380
taxes
deductions
9,994,069-
&
Mitchum,
Bal.
carried
sol.
to
earned
surplus
*Full dividend
earned
Weeden
con-
requirements applicable
unearned.—V.
or
1,030,868
3,963,337
158,
6,895.053
directors have declared
The
both
stock,
common
payable
Nov.
holders
to
of
record
,
Oct.
——.-.,///
•
Co.—
200,000
200,000
To
the
(2)
at
The
$110
new
share.
per
■
bonds, which
Like
u
amounts
during
disbursed
were
1342.—V.
157,
May
on
15,
last.
No
extras
the
first
to
down
year,
to
100%
purposes
Arkansas Power & Light
Period Ended Aug. 31—
Operating
revenues—_
Operating
expenses
Federal
Other
Net
-
(
Interest.,
75,816
876,993
1,269,000
1.420,000
$130,027
$3,207,438
S3.707.684
1,061
132,134
9,853
144.433
8318.909
$262,161
$3,217,291
S3.852.117
142,223
159,440
1,789.531
applic. to pfd.
$1,427,760
946.725
the
period
the
down
of
bonds
to
106(4
will
1001/4
if
redeemed
thereafter
and
be
in
at
redeemable
1961,
and
will
the
of
Aug.
with
31,
be
sufficient
retire
to
before
and
105V4
at
share
per
in
two
South
operated
Utilities
Co.
by
two
other
Macon
and
Gas
.•Company had
dividend
the
of
value,
par
share has
per
made
company
this
on
$1
payable Oct.
issue
been
declared
regular
quarterly
(to and including July
the
on
15 to holders of record
distributions
1943),—V.
stock,
158,
156.
p.
in
1941.
Net
V The securities
affiliated
at
,
competitive
for
the
after
interest and
bidding,
the
in
-
•
•
The
N.
Guaranty Trust Co.,
Y.,
sale
will
to
1953,
it
of
until
exhaust
to
4% (<
receive
gold
bonds
of-4%%
gold
series
as
sale of all
for
4.60(6
a
due Jan. 1.
bonds,
A
gold bonds, series B. due Jan. 1, 1961,
nearly as possible $1,215,375.56.
These funds'
a
subsidiary.
determining the lowest
bonds
100.159
at
Inc.,
and
at
of
amount
such
lated
from
in
Notices
Oct.
which
written
of
20,
1961
equal
offers
acceptance
1943.
will
Bonds
date interest
should
be
of
should
such
be
rates
prices
or
will
is
for
the
sale
prof,
Associated
Gas
&
and
Stanley
.
Denis
J.
Clarke,
Driscoll
Electric
The
bf
provides
two
estates.'
eight-year
of
$7,500,000
summation
be
number
is
ever,
the
and
into
of
subject
plan
to
if
the
junior
time
of
field.
$5
share,
per
of
into
to
to
reduction
in
1856.
increase
fate
Gas
&
the
and
competitive
■
holders
senior
price
are
with
a
of
of
10
the
,
Oct.
as
also
for
convertible,
above
present
set
of
how¬
N.
forth
States
in
levels.
Hotel;
The
Y.
—V.
Such
under
in
the
,
recap
compromise,
it
be
to
in
This is the basis upon which,
that such claims be
proposed
associates
3s
,
Oct.
and
from
the
effective
loan
date
of
of
$7,500,000
is
to
mature
in
five
years
the
plan and is to be amortized in' five
equal annual instalments!
Amendment" does not change proposed treatment of holders of
AGECO
and
AGECORP
mentioned
stock of the
with
the
Such
surviving
ratios
compromise
securities
above.
of
of
than
corporation
holders
as
set
suggested
so-called
recap
of
260.640
t$174
-867,956
..
shown
as
total
entered, the
the
bonds
tax
$82,992.
released
statements
on
1942
accrual.
in
1942
tLoss.—V.
Rocky
'
"
area
with
'
'
.
158,
'
/*
Mountain
consum¬
in
Husky
dispatch,,
around
bid
(Inc.)
and
100.077
Co.
for
and
also
and
Oregon
2,000
Basin
Center
Stock
prospective
field
and
field.—V.
Exchange
shares
in
of
the
of
20.900
the
to
of
shares
shares
shares
shares
treasury
Sales
Cost
-
.
Half
drilled
the
and
listing
ail
of
of
official
upon
acquisition
of
of
of
stock
said
of
for
owned
the
of
common
of
the
or
158,
p.
of
the
issued
Inc.,
4,96'/'
company,
1,037
upon
shares
will
1438.
(& Subs.)—Earnings—
/
1943
1942
;•!
$22,170,198 $18,210,717
goods sold
Selling,
/ '
.
of
Products,
stock,
company.—V.
402,766.
4.96(/
Food
stock
common
such
the
applied
Co.
LaChoy
—>
17,998,24314,580,718\
Gross, profit
,
'»•'
.
54,171,956
"
shipping, general and admin,
$3,629,999"
753,337
876,755
expenses
.
>;:•
$3,295,201
Other
•."•'/•;.v.-v'-:'>•<>
-v.-;-.-V.:"A
K-
"•
•-
144,257.
■:•••"
•
•
-
$3,428,035
———i——-
deductions
and
Federal
$2,876,662
132,834
q'/.s.
Total
State
be
to
profit
income
v"..
..
•
.
$3,020,919
372,171/..
Federal
Income
-.taxesJiv--'-277.024
363,188
z.
profits tax-/-—■ 2,040,700 "
Post-war refund of excess profits taxes/------./ Crl60,500" :
preferred stock ipar $100>.V'
"preferred stock and the interest
are
the
on
be
to
$25)
(par
the
—•
One rating
t
stock
not,
bid
rate
preferred
is
half-interest'
a
856.
p.
authorized
stock
with
Creamery
of
Beaunit Mills Inc.
preferred
refinery
acres
well
a
158,
has
common
connection
Beatrice
as
20.9C0
such
revert
cumulative
omthe
The
business,
trade-marks,
trade-names,
copyrights,,
good-will of LaChoy Food Products, Inc. (Mich.), making''
outstanding
Other
rate
wells.
acquired in the transaction
completed
number
of
Lazard
associates
.
and
these
'
Co.
York
Inasmuch
bid
Cody, two wells on Shoshone Anticline and
Maverick Springs field, together with 1,000
the
leases
near
and
and
3V»s;
as
"basket!'
a:
in
issuance
total
excess
Minority int. in net inc. of Nat.
for contingencies
Weaving Co._
Reserve
1
555,274'
1,194,204
115,717
v
—
1
96,253
200,000
—
bidding.
Consolidated
are
to
8%
receive
bonds
forth in the
,
new
of
of
Plaza
litigation.
It
is
their
securities,
for
itself,
and
associates
Realty ; & Improvement Co.
Floyd B: Odium, President
have
$782,923
deposits and cash
$451,597;
accounts
hand, $528,564;
on
receivable,
$612,001
31, 1943
;•,'//
.:
U.
S.
$2,083,968;
Govern¬
inventories,
cash surrender value of $350,000 face amount of life in¬
policies, $62,230; property, plant and equipment, $2,156,285;
charges. and prepaid expenses, $140,807; post-war refund of
profits taxes, $160,500; total, $8,789,396.
$3,205,445;
Hotel—
all
of
of
acquired
from
deferred
the
its
Atlas
holdings in the'
Corp.,-: announced';
excess
Liabilities—Notes
payable, $861,460;
accounts payable,
$1,372,949;
liabilities, $277,962; provision for Federal income and excess
profits, taxes (less U. S, Treasury notes, tax series C, at cost plus/
accrued interest of. $150,375>, $2,202,557; 6(p" mortgage note payable-by National Weaving Co.. Inc., to Bank of Belmont, trustee, $277,468;/'
Reserve for possible additional liabilities, National
Weaving Co., $28.-r
accrued
Plaza
158,
is
.
..'"X;:K."6^-..-;-';'
was
located
p.
at
opened.on
built
was
635.
in
59th
Oct.
Street
1,
two years
and
1907.
-
a
,
..
Fifth
Avenue,
New
in
„,,•;
more
v'—
•
030: reserve for contingencies, $200,000; equity of minority stockholders
National Weaving Co., Inc., $162,661; $1,50 cumulative convertible
preferred stock (par $20)/'$436,120; common stock (par $10), $1,670.-'
410: capital surplus, $209,598; earned surplus, $1,224,787; treasury
York
'
cost of
v
at
than $12,000,000.
'
v
stock, 6,221
for
that
shares of $1.50 cumulative
157; p. 2444,
convertible preferred,
605; total, $8,789,396.—V.
since.
,;-!,•
.
.
.
"
,
/■/./
;
Dr$134,-
Beech Aircraft Corp.—Dividend No. 2—Schedules Met
'
The
mon
.,
directors have
declared
dividend
a
of
$1
per
distribution
'
of
like
amount
made
was
V"/
'/■■-■/ ■:
/
on
the com-/
share on
stock, par $1, payable Oct. 28 to holders of record
Oct.
Oct;
27,
/ -/*•.-.■."/••
18.
1942;
;"
An
none
V
The
Steel
10Q(<
corporation
Corp.,
the
has
makers
war
ownership
Corp.—Acquisition—\
purchased
of
and
now
of
announcing the dividend, Walter H. Beech, President and Chair-,,
Board, called attentioa to the company's production record
that the corporation had met all of its production schedules:
during the past year in spite of the fact that its output was more
man
Products
V-type
the
3(6'minority
pulleys, for -the
this
engaged
in
war
and
interest. in
automobile
production,
Spun'
1522.
„
,
.
mitments
obtaining
St°el Corp
ih
year
(The)
the .United
Aviation Corp.
States
Army
Air
(Del.)—New Consultant—
Forces
recently
commanding
Technical Training
general
sufficient
to
1942
fiscal year.
The company has
keep it operating at capacity for
ahead," he said.—V. 158,
p.
more
com¬
than
a
481. /
Bloomingdale Bros., Inc.—22 ^-Cent Dividend—
<
A dividend of 22% cents per share has been declared on the commonstock, payable Oct. 25 to holders of record Oct. 15. A similar distribu¬
tion was made on July 24, last, compared with 20 cents each on Jan.
25.
.
^^Major General Walter R. Weaver,
of the
said
than -twice the volume in the
industry,
thus
subsidiary.
Sales of Spun
August amounted to $198,000, the best for
any, month in its history.
Unfilled orders,
it was said, on hand exceeded
$1,800.000.—-V
157
P-
.
'/'•"
f
In
Automatic
■
common
plan
estimated
net- income
Consolidated Balance Sheet, March
r;
Assets—Demand
1940
plan, in accordance
by the trustees' in
:
,
V. 158, p. 1127.
.
company
previously
the
other
other
not
of
305,794
property,
13
100.379.
6;"'/:;
It
beiore
f
"proposed bank
is
$11.Ill.
,
305,794
260,659
Creamery Co.—Listing—Acquisition—
New
initial
lo!
recognized:
The
-
the Horse
patents,
Halsey, Stuart & Co.
obligations with a 3 V8 (6
dividend
of
76,448
65,165
65,165
V4
has
assets,
com¬
Imperial Diesel Engine Co.—Special
Offering—
A^ special offering of 15,096 shares of capital- stock (par
$5) made at $9J(4 per share on the San Francisco
Stock
Exchange bv J. Barth & Co., has been oversubscribed.—
.
July
was
354,450
$649,425
to
additional
notice
Atlas
each year.
<
,
*
—
-.
y.
Holders of 8eight-year gold bonds of AGECORP are to
be entitled
to
receive,
with respect
to
each $100 principal
and
all
rights to
interest thereon, new debentures in
principal amount equal to $102.56,
plus interest at the rate of 4'i
per
annum on
$100 from
of the plan.
395,562
$634,410
deal.
the
structure
20.900
3%s.
for
4%(6
bonds
8.
The hotel
AGECO
sinking fund at the rate of $250,000 principal amount
per annum
during the first five years.
During the succeeding five years oneof the issue outstanding at the
beginning of the period will be
date
*96,262
Years Ended March 31—
Milwaukee
dividend
320,898
$1,003,875.
$141,439
productive
Beatrice
.
$1,214,324
On
Co.
rate.
.
•
fifth
effective
320,897
$1,029,972
transaction
acres
'The
,
for
are
the
80,188
$237,701
98,200
accrual
a
well
a
2,000
Among those associated with Atlas Corp. in. the
acquisition of this
property is C. N. Hilton, who has been identified with, hotel
operations
for a great many years. Mr. Hilton's
company owns The Town House
in Los Angeles,: Calif..
through operation
to
1,324,773
$152,724
producers
of
Moon
v
the
rate.
Hall* &
Corp.—Acquires Control
Atlas; Corp.
The
Plaza
loan
plan.
shares
formula
securities
a
1943.
1,350,868
surance
.
United
10-year,
bank
of
Atlas
assets
of
4%%
to be callable in
multiples of $1,000,000 at the initial
price of 105—such price gradually being reduced
after
the first y£ar.
The debentures are to be amortized
amortized
350,615
317,889
taxes
The Barnsdail Oil
in
redemption
of
313,875
422,023
miles southeast of
oil
ment
//
debentures
substantially
shares
of
bonds
867,287
v316,176
85,516
331.535
/
of
involved
In
plan of
the
"Over
new
a
the
1
'
accordance
market
100.519
associates
a
be
the
at
debentures.
which
by
20.000
prices
the
950,061
,178,038
Stock-..--
company
acres
Proceeds, plus cash on hand, are. to be used to retire
outstanding
bonds aggregating slightly more than
$8,000,000 and $1,300,000 of 6(6
cumulative preferred stock.—V. 158,
p. 944.
and
the
amount
with
234,435
78,713
'
12
five
1943.
consummation
estimated
are
to
that
receive
to
are
on
fixed
outstanding on con¬
principal amount of $7,400,000, are to
common
stock
of
the
surviving company,"
in
of
14.
proposes
company,
at
the, aggregate
AGECORP
debentures
amendment
Co.,
Associated
June
AGECORP
shares
of
amendment
on
surviving company *to take
new
principal
trustees
Electric
an
which
value
par
$100
The
a
made
plan
and
SEC
surviving
be
of the
convertible
having-a
in
the
to
Gas
the trustees
The
debentures
new
each
for
Plan
—;•"
Thorp,
the
shares
$2,856,549
'
Associated
L.
with
by
gold bonds of
debentures
of
The
proposed
plan
the
of
Willard
Corp., have filed
reorganization
/ /
•
trustee
and
Co.—Amendment to
and
dividend
/
.,
$3,039,128
whereby it acquired a half-interest
Refining CO. of Cody, Wyo., according to a Tulsa, Okla..
which also states:
Involved are 24 oil producing wells in
and
of
sales
rate
Electric
the
256.189
:
stock.76.448
tax
'
The
Exchange Commission on Oct: 4 granted the
applica¬
for exemption from the provisions of section 6 tai
of
Public Utility Holding Company Act of
1935 for the issuance andat competitive
bidding of $7,500,000 of first mortgage bonds, due
The
of Reorganization—
bid
bonds
101.0279,
Co.
'
/
1943—12 Mos.—1942
$715,879
—'
corrected
mation
of company
1963,
856,
p.
&
4.60(6
a
Securities
on
158,
bid
$768,127
L&'' /'
*
W '
Barnstlall Oil Co.—Acquisition—-
...
dividend
Harris,
the
for
Baltimore;-/
(& Subs.)—Earnings—
r
'
against $8,250,-
was
:
and
for
SEC Approves Issues—
on
1943,
23,
Langley
with
stipu¬
mailed
be
Oct.
C.
101.15
interest.
offers
delivered
associates
shares
be
tion
such bonds will cease to accrue.—V.
on
to
principal
will be paid on
specified in said
price
of
deemed
the
of' the
interest
exclusive
rejection
or
accepted
be
2%
to
As
offered,
are
101.034
in
Assistant to Comptroller.—
as
1943—3 Mos.—1942
stock
by
headquarters,
'
in
Neither of these groups competed for the
preferred stock.
coupon.
W.
bonds
the Successor Trustee, at the
1, 1943, to Oct. 23, 1943, the
July
the
due
5%': gold bond due 1961.
bonds accepted by
bonds,
which
4.60'6
jointly
with
ac¬
283.
p.
at
combined,
the same group bid
3!'8s and 1Q0.20 for the stock for shares with
as
on
revenue
80.611
com.
rate.
headed
bid
associates
a
preferred
bonds
dividend
Co.
and
Comptroller-
of
S250.924
exc.
*1942
maturitv
in
"
•
with
and
the
group
Freres &
qualifying, stock of Tri-City Utili¬
prices
offering price of each 5 % gold bond
such
offering price less an amount
•
101.546
shares
bonds
Co.,
In
•
1943.
19,
1961,
1,
for
New York,
bids for the"
of 5(i-
represent the proceeds of
ties
Oct.
on
due Jan.
1953, and
1,
a.m.
prices offered of
gold bonds,
B, due Jan.
sufficient
lowest
the
at
5%
o'clock
10
for
the
140 Broadway,
trustee,
successor
Boston Corp.
100,149
announced
President, as follows:
Assistant Comptroller in charge
accrued..
issuance
First
Associated Electric Co.—Tenders Sought—
•
department. ,were
White,-
charges
pfd.
the
Shields & Co.
preferred stock.
1942
taxes
>
to
•
accounting
revenue--/
Oil
companies—Georgia
Public
other Georgia and South
$10,538,137
1941.
awarded
-
certain
101,691
oper,
&
but
*
.
of
revenues
income
were
the
Balance
initially
thereafter,
incorporated
was
Co.—serving
"
pared with $698,583 in
2.
Previously,
$1.50 'per share
of
15,
806
capital
Oct.
gross
owning
Oregon Basin
Company
communities.
and
State.-
expenses
on
dividends.
Carolina.
Ohio * corporation
an
(b)
owning certain
', •
•
1342.
Div.
$7,500,000 of bonds.
1948,
accrued
in
•Surplus
preferred stock will be redeemable at any time at the
option
as a whole or inpart, at 107V4 per share if redeemed
before
Carolina
Arlington Mills—Smaller Dividend Declared—
A
Inc.
For
thereafter
corporation
'
Co.,
Balance
during
100.
t
no
Net
July, 1937 it purchased the natural gas distribution svstems in Barnesville, Calhoun, Carrollton, Cedartown,
Forsyth, Milledgeviile, Newman,
Rockmart and Thomaston, all in
Georgia, which were then owned and
operated by Georgia Natural Gas Corp., an affiliated
company.
In
March, 1941 it acquired by merger gas utility properties then owned
1238.
p.
40(6
that
B.
taxes
•
1961,
Ohio
an
Vice-President and Comptroller,
p.
Fixed
company,
case,
and
158,
than
Ry.
earnings
•
fund
Ry, .Co.,
Depreciation
Company is an operating public utility purchasing,
distributing and
selling natural gas in 20 municipalities in
Georgia, and manufacturing!,
gas in five municipalities in Georgia
$946,681
for
fund
year
,
in
of
•
-
that State.
Belt
appointed
Operating
distributing and selling artificial
949.265
stocks
to
158,
'
sinking
new
or
each
$1,895,946
Balance
-V.
on
1,956,171
$102,721
$481,035
Dividends
less
the
and
$176,686
deduct—
etc.,.
income—-
Net
-
The
The
of
878,355
253,000
$317,848
—/—■
first
not
1,557.317
(net).—
income
sinking
the
5,922.393
1,143.627
73,371
revenues-—
income
Gross
5.922.849
183.459
120,000
res. approp.
oper.
Other
460,166
56,273
—
/_
taxes
Prop, retire,
.
751,939
-
taxes
the
in
10112
100.
1943—Month—1942
1943- -12 Mos.—1942
$1,319,431
$1,102,468 $12,419,907 $13,485,749
•
of
at
Co.—Earnings-
Eelt
Price,
is
General
Sept. 1M943* will be redeemable at
at the option of the company, as a whole,,
maturity
in part, at prices on a.scale
downward
or
1418.
p.
time prior
any
paid
were
lines
\
'*
,
dated
are
■
owning
the
above, then the acquisition of
Bangor Hydro-Eectric Co.
6(6' cumulative preferred
of
'
(a)
Period End. Sept. 30—
of
redemption of 13,000 shares
corporation
therein
,
in
Roy
L.
DiV.
stock
16.-
the
To
1
v
Ohio
including
Myers, General
Gross
535
redemption
State,
.
535
&
Co.,
V.
.1,065
Inc.__—
Tully
W.
Clerk
•
■
535
..
part
state¬
Accountant, as Assistant Comptroller in charge
accounts; C. L. Cole, Auditor of freight traffic, as Assistant
Comptroller in charge of revenue accounts; and J. I.
Barnes, Chief
665
Redpathl
by
counts,
'
1.600
200,000
.
&
6
Walter
1,600
250,000
Parker
Lima
Appointments
1,200
v
the.
a
property of The Bowling Green RR. Co,, The
Ry. Co., The Columbus, Findlay & Northern,
Piqua & Troy Branch RR. Co., likewise located in
Hamilton
railroad
of
Oct.
J.
1,600
600,000
that
New Appointments—
$5,875,000 of. general mortgage bonds, !
41/2% fieries due 1955, at
104(1, and $2,150,000 of general mortgage
bonds, 3 V2 7c series due 1961, at 1041a (f.
'
"
'
•
dividend of 10 cents per share
15 cents per share on the S5 par
15
Co
of
form
now
consolidated
.of general
1,865
&
the
'
1,600
Co.—_—600,000
&
lines
2,400-
600,000
,
.
in
of Ohio.
,(ci. The
2,400
700,000%
•
in
,
the
The
railroad in
lines of
net
(1)
extra
an
and the usual semi-annual dividend of
''•A
;
included
are.
Dayton
and
The
ibi
2,400
-
Inc.—_600,000
Co.-_
&
^
all
&
State
railroad
Upon the ,acquisition: of
below:
- * -
'
900,000
.
and
(c)
proceeds, from the sale of the new bonds and new pre¬
ferred stock, will be applied
by the company to the following purposes:
,
Argo Oil Corp.—Extra Distribution of 10 Cents—
a:
The
to respective periods whether-
1126.
p.
17,203,510
,
Co.—•—• 450,000
Sons_____
—.A——::: 400,000
&
Auchincloss,
297,801.
-
&
Marks
Brown
Putnam
2,801,215
„
M.
:
900,000"
Co.—
Co.—^
Anthony
Laurence
Balance
&
&
Tucker,
399,389
<
,
Co.,
Spencer
10,393.458
146,845
———-
Co
Allyn and
Bear,
Expenses
&
Peabody & Co
W.
A.
10.324,626
22.914
income
Weld
Kidder,
Co.—
4,799,703
above)—
(as
White,
Co.,
the
Pfd. Shs.
$900,000
———_
4.799,703
Bonds
*.
.
.
of
income
subsidiaries
RR.
-
follows:
as
of
and
Cincinnati
.
,
lines
railroad
,
company,
,
Net
certain
: 'V \ if,
VV,
Offered—Public
Securities
system
this company and its subsidiaries: ,:
The Toledo & Cincinnati RR.
Co., an
• ai
' ^
>1} V -\tr\ V
<•.
—
property
company's
ments of
of first
17,529,458
1,792,940
•
,
Light
i;
will'vote
following named totally held subsidiaries which
this
ol'
new bonds and preferred stock
consisting of a new issue of $7,500,000
mortgage bonds, 3% series due 1963, and a new
issue of 20,000 shares
($100 par) 4 ¥2 % cumulative pre¬
ferred stock, was made Oct. 15
by Shields & Co. and
associates. The bonds are
priced at 101.45% and accrued,
interest from Sept. 1,
1943, while the preferred stock is
priced at $102.25 and accrued dividends from Sept. 1,
1943.
—
* '
of the
15,735,249..... 15.670,728
6,595,077
public..:
Portion
f-f.
Atlanta- Gas
33,200,186.
1,786,149
'
-
to
applicable
minority interests
3,898,438
•'
stockholders
three
offering of $9,500,000 of
public &
to
divs.
7,567,097
10,449,307
deductions
Balance
*Pfd.
(net)----
income
other
;..nV\
approp.
income
Gross
'
revenues-..
depletion res.
Net
'
V
^
.
in
will
with
Nov.
15 on approving the
acquisition of
ownership, subject to prior approval of the Interstate Commerce";
Commission,' of the lines of railroad and of all the
135,810,324 units
,
Property retirement and
The
•
trustees
was
He
direct
VV/V
'
,
ended Oct. 8,
Group
Service.
Corporation,
„.
an-'
career
class.' If
become
-
Weekly Output—
1943—12 Mos.—1942
$
Operating
the
(& Subs.)— Earnings-
Light Co.
&
31—
the
Aviation
■
American Power
period Ended Aug.
to'an
,v'
.
distinguished
'
and
of-
:
Command,
3
.
April 24,
cents;
p,
and
2344.
1943.
April
....
*
Payihents in" 1942
25;
;
July?25
:
and
were' as
Oct." 24,
"
20
follows;
cents
Jan.
24, 27% '.
157,
each.—V.
Volume
Number 4221
158
Bell Telephone
Co. of Pennsylvania—Earnings—
Period Ended Aug. 31—
Operating revenues—,:
.
Uncollectible
Operating
oper.
THE COMMERCIAL
1943—Month—1942
,
:
7,776
19,814
47,027
5,056,808
43,278,729
of
$2,315,036.
Judge
of
the
than
Net
oper.
Operating
$2,502,809
revenues.
taxes'
$2,247,903. $21,042,627 $18,689,812
1,208,644
1,038,143
income.:
oper.
$1,294,165
$1,209,760 $10,502,386
stock.
common
to
would
of
S9,847,993
Of
be
determined
of-services
extent
"giving
ruled
away"
that
the
to
stock-market
by
conditions
rather
company.
the
plan
would
valuable
a
asset
without giving
commensurate
a
life
be illegal
and
the
would
amount
assur¬
company
insurance,
$15,305;
sustained
bonus
the
ance
Net
Bard
Judge Bard
8,841,819
10,540,241
unissued
objections filed against the plan by Henry
F. Holthusen of New York, a lawyer, who contended that the amount
39,902,302
.
1527
payments" to Edward G. Budij, its President; and 160 officers and
employees in the form of options to purchase 300,000 shares of the
116,481
5,588,234
rev._
expenses—..
CHRONICLE
company's
1943—8 Mos.—1942
$7,324,525 $64,368,383 $58,708,595
$8,038,819
& FINANCIAL
fixed
S4.450;
income
—V.
158,
702,563
...
—
690,884
5,875,774
Bethlehem Steel Corp.—Buys Leased Property—
Capital Transit Co.—Earnings—
and
Revenue
but
Bond Stores,
Period End.
Sales
1943—Month—1942
$3,619,337
158,
1127.-
p.
$2,569,166 $29,491,512 $31,490,559
"
V '
"
purchase price
his
In
1943—9 Mos.—1942
'
.
opinion
is
the
Under
the
with
the
Bard
the options could have been
of the date of their issuance.
plan
years
have been
to
was
Judge
market rather than
which
remain
time within five
any
take better-paying positions in
company
and help it with
employees not to
to
expansion.
at
The
Inc.—Sept. Sales Increase 40.9%—
Sept. 30—
-
—V.
post-war
Improvement Co. below.—V. 158, p. 481.
based
said:
"It
the
on
is
the
market
action
the extent of the services rendered
factor
which
will
control
the
price,.
of
the
stock
tp the defendant
exercise
of
the
option."
—v.
f
158, p. 1128.
The
.
Savings
The
the
Of
chain
a
Michael
reported
was
officers
ator of
of
be
to
$1,115,000.
purchasing
concern
Ralph
are
E.
Snider,
Canada
-'" Years
Gross
End.
Myer Israel,
6 Months Ended
July 31—
sales
\
....
After $172,291
1942$2,168,332
*101,576
55,238
1943
tax|g>
income taxes.—V.
recommended
was
had
made
the
to
Civil
Aeronautics
on
trade
a
Board
district,
lished
as
main
the
cities
towns
cities
through
his company
in
Kansas
City,
area
trade
plan
systems
could be
small
trunk
which
aircraft,
airlines
trade
Mo.,
estab¬
based
Net
the
operate,
now
villages throughout the normal trade
to base at night.
airports
would
of
travel
territories of
those,
return
might buy
Files
The
-
giving
area,
them
voice
a
of the stock;
some
the
in
operation.
"Journal- of
York
(New
Major
airlines
Commerce.'';
has filed
Dividends
for a transcontinental service between terminals of Los Angeles
Boston, according to T. E. Braniff, President.
The proposed line would run from Los Angeles through
Albuquerque,
Amarillo, Oklahoma City, Tulsa, St. Louis nad Cincinnati, thence by
alternate
include
Columbus
and
more
The
and
York
Pittsburgh
which
and
Boston.
the
stops,
York
extension,
One
alternate
for
Washington,
other
Balti¬
both
transatlantic
and
South
i
on
V.
Exchange has authorized the listing of liOOO.OOO
stock
(par $2.50i,
which
issued and
are
outstanding.
shares
per
common
share
resigned,
Navy.
of
became
the
company,
President
as
Mr.
Corp.—-New President—
Kaiser
was
President
and
to
succeed
director
to
last
Spring.—V.
Frederick
accept
elected Chairman
of
under
158,
Riebel,
Jr.,
assignment
an
p.
active
who
1343.
Subs.)—Earnings—
1943
1942
$1,412,067
$740,454
depreciation-
287,256
1940
289,859
42,923
44,923
46,150
37,900
3,927
5,756
4,024
4,245
665,260
598,849
154,404
369,935
1,000
1,075
1,500
4,021
4,021
taxes, etc.
remuneration
disct.
and
exps._
shares
(no
157,
;
'"$423,510
$308,044
"Equivalent
in
:
'
tp $2.25
per
share
common
in
"$206,852
$3.11
1943,
—V,
refund
Canada
$210,583
—
1942,
and
shares,
5%
cum¬
$1,250,000;
total,
$4,-
stock
$2,845,218
Liabilities—Sundry creditors,
for
reserve
$201,025
Sheet, April 30,
from
this
S3.25
$215,276
for
company
S2.12
to
the
against the figure of $1.18
profits
surplus
of
been
the
1,207,488
$1,730,782
the
at
1942
taxes
1942-43
on
on
including
income
income
accrued
other
and
interest,
taxes
(after
in
reduction
before/income
The
of
and
to
amounts
now
GO
to
portion
cents
Period Ended Aug. 31—
Operating
of
1942
tax
stands
now-
$2,751,289,
at
etc.,
other
taxes
on
than
oper.
Provision
a
$5,819,179
278,339
yards, according to W. H.
level.
While operating costs
that
2,181,536
advised
Stock
Toronto
preferred
57,703
634,251
Exchange
shares
purchased
on
outstanding
to
68,210
61,680
878,710
that
addi¬
an
157,
278,000.—V.
1943
1942
$6,151,000
$229,441
$2,821,000
$2,388,474
tax
of
$4,927,000
3,706
3,462
43,764
for
Fed.
income
taxes
(incl.
$306,199
$232,903
$2,864,764
$2,432,816
107,190
109,966
1,294,748
and
Fed.
on
S343.782
$122,412
$816,070
174,303
134.578
308,882
538,567
$47,067
s$12,166
$34,901
76,540
48,788
478,025
312,502
$122,469
$74,149
$1,091,991
$770,543
Files Capital Adjustment Plan—
taxes
48,088
Bard
at
Philadelphia, Pa., on Oct. 8
enjoined the company from carrying through a plan to give "incentive
The Commercial
ana
Financial Chronicle
total,
payable
311'2
and
cents
Oct.
Nov.
each
15
of
10
also
(see
V.
&
128,000
1,536,000
1,512,009
1,171,479
1,190,522
754,700
989,100
taxes
1,262,500
$161,887
deduct.
790,209
$2,172,381
$138,428
$2,123,635
52,996
59,162
681,3 9 0
703,504
$108,891
_____—
$79,265
$1,490,991
81,420,131
501,606
501,606
$989,385
$851,524
stock
pfd. stk.
41,800
41,800
exp.
______
$67,091
—
Power
$37,465
has
Utility
and
sell
to
&
To
Light Co.
Issue
$25,000,000
filed
with
Holding
the
SEC
$25,000,000
to
sold
provisions of Rule U-50.
specified
in
be
by
The
such
rule
received
of
to
company
first
the
mortgage
extent
bonds,
required,
series
A,
outstanding.
now
be
to
are
to
pursuant
Act of 1935 whereby it proposes
first mortgage bonds to be dated Nov. 1,
1, .1973. and with the proceeds of the sale,
Nov.
retire
bonds
application
an
Company
$25,000,000
mature
and
price
,
Refunding Purposes-
company
period
67,001
.
946.
p.
and
>
$818,897 $11,474,375 $10,813,305
321,908
4.577,316
4,207,849
together with treasury funds of the
rate,
on
2212).—
p.
230,561
preferred
Public
1943,
157,
on
rec¬
year
1943—12 Mos.—1942
taxes..
other
of
issue
to
of
this
219,109
income
The
the
share
per
holders
made
Co.—Earnings—
1943—Month—1942
income
on
$1
to
were
competitive
company
be
has
shortened
the
and
bidding
pursuant
requested
six
to
purchasers
that the
days.
of
to
the
The
the
10-day
interest
proposed
bonds
to
be supplied by amendment.
•
hearing on such matters will be held on Oct. 21 at the offices of
the Securities and Exchange Commission, Philadelphia.—V. 158,
p. 1438.
Central
Net
income
Republic
Dividends
after
all
Net
Add
loss
74.819
34,993
$1,022
—
back
taxes
the
162,076
$47,159
$39,918
fS115.427
income
cancelled
declared
profit
"Loss,
.*$47,159
*$39,918
Note—The
V.
or
above
totals
do
include
not
holidays-with-pay
charges for dividend
insurance
benefits,
.
pay¬
etc.—
(And subsidiary, Eastisle Realties, Ltd.)
for
vincial
1943
Fed.
and
income
1942
1941
1940
$327,085
depreciation—
$399,339
$292,730
j 91,792
128.854
provision for
reserve
supplies,
but
sold
office
not
sold
1943
funds,
$363,339; due from cus¬
$44,431; due from brokers
delivered, $93,267; good faith
participant
in
joint account,
delivered,
but
not
of
$5,766),
charges,
$5,589;
$11,114;
bought
(held
Chicago Stock Exchange membership,
$2,256,303.
not
but
$750;
total,
bank
loans,
$175,000;
due
$14,574;
received,
to
customers
customers'
free
for
credit
for
reinvestment), $26,503; due to brokers and dealers
for securities bought but not received, $53,904; securities sold, $13,874;
stockholders' distribution, $7,470; other accounts payable and
expenses,
$20,917; dividend payable July 15, 1943, $44,673;
for Federal income taxes (estimated), $3,800; capital stock
(par $5), $700,000: paid-in surplus, $362,710; earned surplus, $951,191;
capital stock in treasury, Br$137-,760;
received on stock purchase
options, $19,448; total, $2,256,303.—V. 158, p. 186.
unpaid
62,167
Pro¬
taxes.
Central
The
*128,000
1941
$103,642
*100,462
on
22,465
Oct.
for
$397,051;
bad
t$lll,129
$119,616
101,830
-
76,877
profits taxes.
tEquiyalent to $2.74 in
share of class A stock.
Balance
and
debts),
prepaid
in
Sheet,
banks,
$288,446;
expenses,
$2.6,453;
,
cash
surrender
Hearing—
Exchange Commission has ordered
Missouri
liquidation
of
Electric
the
two
Power
Co.,
and
first-named
hearing for
a
States
Ogden
Power
Corp.
corporations
to
a
previously
of
the plan have been held
some time ago and were ad¬
call of the trial examiner.
proposed are summarized as follows:
proposed to extend the maturity date of the 5% debentures
Hearings
The
It
value
and
amendments filed by the corporation. Central
Corp.,
of
journed
April 30, 1943
$30,173; accounts receivable
inventory, merchandise and
on
Light
plan
States Utilities Corp.—SEC
Securities
25
filed.
excess
per
hand
*5139,547
101,830
Consolidated
(less
Sheet, June 30,
and
securities
for
Liabilities—Demand
$204,249
81,140
94,590
Net profit for period.
Divs. on class A shares-
"Includes
banks
accrued
earnings
for
34,632
provision
Canadian Wirebound Boxes, Ltd.—Earnings—
Prov.
$15,443
61,445
for
$44,245;
interest of outside
sundry accounts and advances, $19,718; security inventory
of $79,859),
$1,615,703; furniture and equipment (less
balances
employees'
1942
*$75,735
provided
or
reserve
securities
158, p. 186.
in
securities
dealers
deposits,
$58,147;
$115,427
f Profit.
paid
provision of $3,923 for Federal income taxes.
for
tomers
reserve
8,262
$7,240
,
1943
and
Balance
(less
by
loss in second quar...
Net
Co.—Earnings—
charges——
on
subject to
the
amendments
is
Central
tures
are
tinue
to
States
to
be
from
continue
to
Jan.
bear
subject to the
1,
a
same
1944,
5%
to
rate
terms
Jan.
of
and
1,
1945.
interest
and
conditions of
Such
are
such
deben¬
to
con¬
deben-
(Reg. U. S. Patent Office) William B. Dana Company, Publishers, 25
Spruce St., New York 7, N. Y., BEekman 3-3341. Herbert D. Seibert, Editor and Publisher;
William Dana Seibert, President; William D. Riggs, Business
Manager. Published twice a week [every Thursday (general news and advertising issue) with a statistical issue on Monday]. Other
offices: Chicago—In charge of Fred H. Gray, Western
Representative, Field Building (Telephone State 0613). London—Edwards & Smith, 1 Drapers' Gardens, London, E.C. Copyright 1943 by William
B. Dana Company.
Reentered as second-class matter February 25, 1942, at the
post office at New York, N. Y., under the Act of March 3, 1879.
Subscriptions in United States and Possessions,
$26.00 per year; in Dominion of Canada, $27.50 per year. South and Central
America, Spain, Mexico and Cuba, $29.50 per year; Great Britain, Continental Europe (except Spain), Asia, Australia
and Africa, $31.00 per year. NOTE: On account of the fluctuations In
the rates of exchange, remittances for foreign subscriptions and advertisements must be made in New York funds.
for
$6,230,-
Distribution—
dividend
extra
an
$865,394
profits
158,
and
Assets—Cash
K.
$850,471;
tax,
$426,-
par),
no
128,000
Bonds For
&
joined—
Guy
15
-
Assets—Cash
only)
Budd Mfg. Co.—Stock Option Plan En¬
Judge
surplus,
shares,
356,398
Central
(1st quar.
1942 and $2.18 in
District
(170,452
interest
city
reserve
amortization
Balance
,
The company has filed
with the California Railroad
Commission
Its capital adjustment plan.
For further details see V. 158, p. 1438.
(Edward G.)
$1,055,756;
expenses
exc.
"After
Net
:
July
$277,503
Years End. Apr. 30—
excess
...
taxes,
(represented
accrued
Year Ended June 30—
Operating profit,,—
Deprec., depiet. and in¬
Prov;
income
15,
income
Amort,
mint
$221,370
1,349,771
tax)
accounts pay¬
accrued
-6 Mos. End.
44,342
Prov.
stock
value,
par
taxes
Federal
July 31, '43 July 31, '42
July 31, '43
production—__
ments
_______
other
contracts
on
state
earned
declared
no
(less min¬
charges)
Cost
699,135
$302,494
deductions
$70,787;
Distributions ol'
revenue
Operating
Deprec. &
The
;
Apr. 30, '43
income
eral
$3,087,609
deprec.—
income
and
common
Period Ended Aug. 31—
-V.
the open market,
-Quarter Ended-
632,533
revenues
income
(net) —
income
ma¬
1128.
p.
deferred
Net, oper.
Total
15,
158,
redeem
Period—
1,857,582
55,793
$3,699,710
federal
have
April
profits
Cariboo Gold Quartz Mining Co., Ltd.—Earnings—
Fed.
$291,122
for
on
A
241,454
159,887
$370,703
for
stock,
Jan.
Divs.
high
Week Ended October 7—
1943—12 Mos.—1942
$6,793,836
19,690
219,814
revenues..
for
advances
expenditures),
accrue,d payrolls,
334r'e., due Aug. 1, 1969,
of
$528,401
income—.
purchased
$6,230,391.
(trade), $676,836;
$218,045;
surplus,
30.
Net
2,000 preferred shares have been
earnings
158, p. 1438.
commer¬
deposit
$2,313,543;
trustees
Inter.
shipbuilding
continues at
has
reducing number of
2144.
$856,-
payment
22,245
expenses-
total,
payable
$100,000;
ord Oct.
as
p.
Sub.)—Earnings—
1943—Month—1942
i
$10,799;
$17,829;
common
published report.
The refundable
carried on the balance sheet has
the
increased
Traffic
facilities
$639,637;
Gov¬
accounts
including
156, p. 20.95,
Gross
Canadian Car & Foundry Co., Ltd.—Retires Preferred
tional
reimbursed),
cash,
$1,502,029;
.
'$668,555
revenues
Maintenance
oper.
(&
capital
391.—r-V.
says
company
$636,191;
and
share,
a
of the excess profits tax for the full year, Mr.
that income will be somewhat lower, but dividend
requirements will be earned by a comfortable margin.—V. 158, p. 946.
The
be
$15,340)
reimbursible
application
Coverdale
$1.17
1943
$1,161,567;
accounts,
Government
provision
General
the
on
refundable
considerably, it is expected
1943 will approximate those for 1942 as adjusted.
come
profits
130;
are
taxes),
California Electric Power Co.
charges,
and
advances,
on
share reported in the annual report.
end
on
profits
share.
a
1942
a
company's
have
of
accounts
(to
account,
cash
$1,840,642
$356,000 to $155,000.
President,
fleet
the
at
shown
excess
reduced from
the
for
tax
as
S3,092,294
portion
28,
Central Aguirre Associates—Extra
1943
$619,077; first mortgage bonds,
$800,000;
capital stock (136,279 no par shares), $3,600,000; capital
surplus, $123,623; deferred surplus, $82,475; earned surplus,
$1,314,580;
total, $7,396,638.—V. 157, p. 2445.
Gross
by
Die
$3,048,130
1,114,436.
shipbuilding contracts has resulted
profits of
of
excess
deposits in banks,
to
expenditure),
Government
$493,338;
The
1943—8 Mos.—1942
profits taxes and by $341,000 after tax provision.
Readjustment of the figures shows a reduction in earnings
common
Feb.
(restricted
doubtful
Central Illinois Light
Renegotiation of
—V.
Balance
(less
and
Gross
net
Sheet
Liabilities—Accounts
Steamship Lines, Ltd.—Contracts Revised-
in
170,452
$1.83
—
demand
and
advances
deferred
amounts
1031,
p.
$200,249
170.452
_
chinery
on
order
for
Government
account,
$172,307;
inventories,
$1,445,057; accounts receivable (employees and sundry), $45,162; post¬
war
refund of excess profits tax, $79,712;
fixed assets (less reserves
for depreciation and amortization of $333,925,
$537,925; patents, $1;
.Ltd.—Earnings—
151,370
122,896
earnings
158,
Gross
S.
$341,755;
war
(less
surplus, $609,950;
1943—Month—1942
$333,479
$366,646
expenses
.
U.
preference
$312,855
.■
—
shared.
Government
V.
Net
$390,632
in
1941.
Consolidated
Net
post
goodwill
cial
able,
earned
89,605
2037.
p.
earnings
Operating
Assets—Inventories, $1,964,951;
unexpired
insurance
and
prepaid
items, $22,964; sundry debtors, $891,742; cash at banks, on hand and
in transit, $719,733; deferred
asset, $82,475; capital assets, $3,714,773;
total, $7,396,638.
Other
$25,000;
-oar),
55,111
182,406
797,168
-
—
Balance
Canadian Pacific Ry^—Earnings—
Profit
Net
land,
$93,299;
$6,500;
4,020
__
for inc.
Taxes,
$2,047,569;
charges,
Act,
participating redeemable class B
Gross
30,116
Other
other
Canada Northern Power Corp.,
46,923
47,700
883;
reserve
total, $4,008,801,
Period Ended Aug. 31—
.
263,813
1941
40,711
$1.51
of Canada
(less
inventories,
$3,195,7421,
Tax
1
........
tax
-
per
receivable
$1,111,184
Directors'
Earn,
contingencies,
Activity
332.424
.
1043
cumulative redeemable first preference shares, $1,250,000;
ulative
of
$1,399,065
profit
profit—!
Dividends
67o
Coverdale,
Managem. and exec. sal.
Legal fees and. exps..
-
30,
receivable
accounts
—73,034
——
of excess profits tax—Cr79,717
contingencies...—..........100.000
for
$7,656;
the
Interest
Bonds
June
20,254
refund
payable, wages and other
accrued
charges,
$505,467; reserve for taxes (including income and excess profits taxes),
$214,008; dividends payable, S54',375; reserve for contingencies, S100.000;
Riebel
for
—
Operating
Prov.
at
as
Liabilities—Accounts
Due
for
of
Profits
written off), $500,000;
lor
Years Ended April 30—
Post-war
'
taxes..
profits
$0.17.
banks, $270,341; Dominion
$30,000;
and
taxes
Excess
$344,965
'
.i.„
—
Assets—Cash
Sheet
$208,698;
depreciation
insurance,
the
against
assume
the Board when Mr.
British Columbia Packers, Ltd. (&
Prov.
Balance
accounts),
for
reserve
$1,385,747
—_
income
Provision
portion of $6,500.
hand and in
on
$324,711
—
$395,238; Dominion of
Canada bonds, appropriated for post-war rehabilitation of fixed
assets,
$100,000; mortgages receivable, $15,400; buildings and equipment (less
Earned
Brewster Aeronautical
Henry J. Kaiser has been, elected President and will
management
20,000
_
$0.30
as
945.
p.
137,500
excess
common
158,
common
SI,80C;000
Listing—
—
$183,465
137,500
sha res
Victory Bonds due 1956,
American
,
The New York Stock
shares ol
$237,378
profit—
preference
refundable
851,005
$1,364,229
21,518
122,000
would'
*
.
——
*218,500
■
from
operates
and
2,643
20,000
—
profits taxes———
doubtful
Chicago and Denver to Gal¬
Laredo, Texas, already has filed for a Chicago-
Brownsville and
routes.-
New
Philadelphia.
corporation,
veston,
New
to
routes
excess
•
Assets—Cash
Board
two
income
Federal
3%.
application with the Civil Aeronautics
an
Federal
256,429
& exc.
on
008,801.—V.
and
$1,175-,716
905,375
—_
deductions
$564,537
against inventories—_
common
Application, for Transcontinental Route—
corporation
Total
——
consolidated
prepaid
the
at
Separate corporations would be formed
to own and
operate
the
aircraft,
Stock in these corporations would be
sold to individuals
in
income
2,590
for
minimum of .Government subsidy.
a
Braniff
and
and
believed
board
told' the
especially
survey,
result
a
immediately at
Under
to
exhaustive
an
and
Other
1942
ernment
on
$2,269,604
$561,948
2,982
Consolidated
*
1942
$3,820,524
2,644,800
_
profit from opers
1943
_
interest
for inc.
Dividends
area
(CAB)
5
by Braniff Airways, Inc,
Charles Beard, Braniff Vice-President,
Gross
.
Inc.—Urges Air Feeder Service—
Development of feeder line and pick-up air service
basis
Oct.
1943
—
L
$793,476
bldgs. & equipment—317,597
deprec. of
■"After
Braniff Airways,
;
4,285,303
*
expenses...'
$790,493
investments
on
———f
for
Earnings
157, p. 438.
28—
profit—
Operating
Ltd.—Earnings—
.
Net
$2,476,623
,
^
t,'
sold.
Income
earned
Total
Prov.
Prov.
—
Net income after all charges and
Co,,
operations——
en<
Reserved
Net
Bread
Year Ended June 30—
Profit
Interest
Bond
Clerk.
Brager-Eisenberg, Inc.—Earnings—
Feb.
goods
.
v;
sales—$6,554,908
Cost, of
(Including Wholly-Owned Subsidiary)
oper¬
moving picture theaters in New England, President;
who is associated with the Hotel Kenmore, Treas¬
Rudnick,
and
urer,
has. purchased the Hotel Bradford, Boston; from the
Bank, subject to a $1,000,000 , mortgage.
The pur¬
company
price
1.943—8 Mos.—1942
$1,088,831
$1,175,153
30,761,717 280,483,513 218,909,530
33,705,935
Casco Products Corp.—Earnings—
Gross
chase
1943—Month—1942
$126,921
$173,262
passengers—
—V. 158, p. 667.
Bradford Hotel Operating,Co., Boston, Mass.—Acquires
Hotel—
Suffolk
tax,
total,
return.
Period Ended Aug. 31—
Net
income
exercised
See Hoboken Land .&
$635,101;
and
bills
payable, $199,171; sundry creditors,
expenses,
$29,990; provision for income and excess
$209,531;
mortgages
payable,
$113,412;
miscellaneous
reserve, $11,053; capital stock, $1,363,750; consolidated earned surplus,
$186,620; special surplus, $172,591; total, $2,315,036.—V. 158, p. 946.
the
industries
profits
excess
etc.,
taxes,
other
1127.'
p.
of
leases,
accrued
profits
company's stockholders, Glr,v voted in favor of the plan
at a special meetingon July 13, 1943, and G'b
voted against it.
The company had said the main purpose of the plan was to induce
5,697,139
portion
patents,
Liabilities—Accounts
$28,878;
essential officers
Net
refundable
$918,057;
assets,
THE COMMERCIAL &
1528
tures and
of
debenture
the
they were
1SSU6«
•'
'v.'-
• v
A*.
.
(b)
Upon disposition of the remaining assets of Central States, consist¬
ing principally of the properties of Missouri Electric and the so-called
properties" owned directly by Central States, it is
proposed to employ the proceeds therefrom to the payment of the
principal of the outstanding first mortgage and first lien gold bonds,
51/2 % series, due 1953, of Central States; the balance of such pro¬
ceeds are to be distributed,
together with any additional assets of
Central
States,
5 Va ck
the
to
bonds
in
with
held
will be
of
its
plan,
the
the
to
&
its
stock, now
thereafter consist
shall
of
proposes
to
1,250,000
have
one
will
be
A
shares
laws
The
134,765
outstanding and
summarized
above,
its certificate of incorpo¬
that whenever dividends
payable on its outstanding
preferred stock shall be accumulated and
unpaid in
equivalent to 12 monthly dividends, the holders of such
shall
be
entitled
thereafter
constitute
by
the
a
Net
of
common
stock,
directors
be
to
(2)
to vote
directors in such
questions
Government
interest
Deferred
Cooperative has been
approved by the Missouri Public Service Commis¬
ferred
sion
by
Oct.
that
it
and first lien gold bonds, 5 '/a%
payments on said 5 Vz % bonds.
gage
rata
The
applicants state
mate
prior
order
has
and
by
dated
not become
also
due
series,
Central States will
that
first
States'
1953,
to
consum¬
been
4,
approved
opposed
untli
by this Commission,
that
Service
there
the
contained
Commission
is
little
500
it
anticipated litigation
by the Act; and that the alternative would appear to be a
liquidation in a bankruptcy court, which would result, in the
of the applicants, in sacrificing values to the detriment of
investors'
interests.—-V.
152,
3338;
p.
V.
154,
In
by
the
At
end
of
$241,513
the
month
the
$202,601
reported 386,673 telephones
in service in the State—representing an increase of 24,502
during the
past twelve months.'
company
Telephone Stations—
in
the
nine months of the year the company had a net gain
15,442 stations compared with 24,626 in 1942 and 26,068 in the like
period of 1941.—V. 158, p. 544; V. 157, p. 2212, 2145, 1360.
of
The
directors
cumulative
record
this
dividend
a
of
$3
share
per
the $3
on
no par value, payable Dec. 1 to holders of
dividend covers arrearages amounting to $2.25
quarterly dividend of 75 cents due Dec. 1. Pay¬
each were made on March 1, June 1 and Sept. 1,
This
15.
the regular
as
ments
declared
of
75
cents
year.—V.
158,
1240.
p.
-
■
,
Regulations
such
of
Chicago
Southern
&
Air
Lines, Inc.
de Janeiro
and
gross
announced
was
this
Rio
The
Rio
Course
Colombia;
Janeiro,
to
the
Brazil,
miles
miles
in
Board
of
out
that
President,
Aires,
from
of
land.
over
cruising
Orleans
New
Wash¬
Orleans,
Argentina,
via
proposes
New
Orleans, La., to
is over the Great
to
Mr.
at
Rio
the
Putnam
200
would
proposed
miles
be
route
stated,
in
and
the
application
5,109-mile
a
Argentina,
filed
,
route
from
the
Rio
New
to
acquisition
by
of
1949
by
due
to Buenos
corporation
additional
hearing
Aires
has
in 25
file
on
applications
of
hours
with
proposing
ahd
British
Salvador;
the
Civil
post-war
from
Balboa,
The
six
1
■
■
Zone, via Merida, Mexico;
City, Guatemala; San Salvador,
Managua,
Nicaragua,
and
San
New
Orleans,
La.,
distance of
a
and
Havana,
Cuba,
Zone,
or
Havana,
Tampa,
Fla.,
New
Orleans, La., and Port of Spain, Trinidad, via
Havana,
Cuba;
Kingston,
Jamaica;
Port-au-Prince,
Haiti;
Cuidad
Trujillo, D. R.; San Juan, Puerto Rico; St. Thomas,
Virgin Islands;
St.
John's, Antigua; St. Lucia, Windward Islands, and
Barbados, a
total of 2,298
eight
miles.
.
applications
new
routec.—V.
»now
158,
file
on
p.
with
the
Board
total
21,510
1031.
Judge Michael T.
Declarations
Colorado
Igoe has continued hearings
6, 1943.—V. 158, p. 1240.
the
uni¬
have
and
been
Cities
filed
as
with
the
Power
Service
summarized
are
$100).
cancellation
&
SEC
by
Public
Light Co,
The
Service
Co.
transactions
follows:
stock
Colorado
reduce
its
value
of
$9,513,500 to
to
for
Power
&
Light
proposes
to
surrender
to
Colorado
retirement, at no cost to Colorado, and Colorado
acquire, cancel and retire, 95,135 shares of the common
to
reserve
purchase
not
be
&
the
in
exceeding
held
Light
the
sale
of
the
by
Durham's
fixed
of
the
payment,
and
without
at
the
3,
the
and
the
the
premium,
payment,
at
of
(c)
its
for
the
(d)
to
the
payment
shares
of
Durham's
(e)
estimated,
as
balance to
the
be
common
The
of
of
stockholder.
surrender
Durham's
the
of
sales,
closing, as
of
now
capital
said
a
reserve
charge
plant
owned
stock
95,135
to
by
Power
&
liability in the
shares
of
its
Light.
Colorado
amount
of
proposes
$9,513,500,
the
common
stock, and to credit
for plant account
adjustments.
Colorado also
earned surplus account, and to credit to the
account
adjustments,
$2,486,500,
which
will
in¬
best
plus
Durham's
refunding
,
by Power & Light and retirement by Durham of
common
stock in liquidation and dissolution
Public
proposed
(1)
Service
Co.,
Power
& Light Co.
leading to the
are
($255,905
Oct.
Public
4
asked
liquidation
follows:
as
Power
Alliance
on
&
Light,
stated
of
Service
the
Co.
SEC
and
>
which
value
of
owns
the
outstanding capital stock
stock)
of
Alliance, proposes to
P. S., effective as of June
30, 1943,
common
'donate all of said capital stock to O.
subject to the following conditions, with
comply:
.1 •
O. P. S.
•(a)
capital
stock
$460,143
to
proposes
of
record
Alliance
(the net
in
of
worth
(b)
the
its
which
receipt
investment
said
of
capital
O.
P.
S.
proposes
to
of
the
donation
account
stock
of
as
at
a
June
of
of
1943,
Alliance);
O. P. S.
proposes to set up as a capital surplus said amount of
and immediately to transfer said capital
surplus to a reserve
possible adjustments to plant account, such reserve to be
avail¬
able,
other
among
things, for application against the recorded cost of
acquired from Power & Light or its predecessors in
the ownership of the common stock of O. P. S.
properties
(2)
O. P. S.
and
Alliance
that, when O. P. S. acquires all the
outstanding capital stock of Alliance, Alliance will be
liquidated as
cf June 30, 1943
(subject to such changes as have occurred in the
course
of
business subsequent to
said date),
and
that
upon
such
liquidation. Alliance will transfer and convey to O. P. S. all the
erties,
all
assets
and
the liabilities
all the
Alliance
Alliance,
and
surrender
that
to
outstanding capital stock of Alliance.
O. P. S. will
Alliance for
which
of
Alliance
reserve
for
to
was
carried
in
record
on
(except
surplus and
its
the
O. P. S. proposes to record
the
books
all
liability
earned
other
asset
and
liability
accounts
accounts
surplus)
representing capital
the same amounts at
at
stock,
which
asset
of
such
quent
and liability accounts are carried on the
books of Alliance;
the foregoing to be done as of June
30, 1943, subject to such
changes as have occurred in the due course of business subse¬
to
said
date.
.
(3)
O. P. S. proposes to issue
stock
(par $343,500)
to
Power
in
.
by
remaining $18,415
by the public..
O./P.
S.,
principal amount
\
Alliance
and
transactions
at
1944.
declaration
The
the
redemption,
bonds
of
or
the
otherwise,
same
issue
the
held
,
Power
&
Light propose to carry out these
date, but not later than March 1,
application (or both) indicates that all
earliest possible
or
of
£207,637
£254.433
1,987
1,351
1,160
income
1940"
£286.661
1,617
7,818
5,221
4,271
3,907
5,869
£362,909
£213,259
£259,500
£301,966
90O
900
900
126,894
148,149
148,610
57,648
&
900
151,523
produc.
46,914
49,955
40,790
27,557
27,433
' '
and
expenses
gen.
for
adj.
deprec.,
in respect
less
of
*
re-
tlrements
17,512
to
pay.
18,274
assoc.
company
,
_
Inventory
Proft
1
exps.,
etc.
for
the
■^Including
3
Cr37,754
.
mos.
drilling
1943,
117
—
adjustment—
Notes—(1)
£135,326
£58,031
expenditures
£20,753
in
Pursuant
to
1942
—
producing
on
and
£34,605
—
£32,940
in
fields
1941
£84.115
amounting
and
1940.
to
:/
the
policy adopted by the management as
1, 1936, no provision has been made during the three months
31, 1943 lor depletion of the cost of concession and
development expenditures.
(2) Interest declared on preference and income stocks for the
period
from Jan.
ended
March
amounts
to
£33,998.
(3)
Exchange conversions have been based upon
Sterling rate of $4.03 to the pound.—V. 158, p. 483.
fixed
a
,
Dollar/
Colonial Airlines, Inc.—New Service Planned—
Application for
terminating
at
a
air service
new
Portland,
corporation
with
Me.,
the
starting at Washington, D. C., and
York City, has been tiled by
via
Civil
New
Aeronautics
Board,
it
announced
was
by Sigmund Janas, President.
The
would
route
new
service
the
cities
of
Washington, Baltimore,
Hartford, Worcester, Concord,
Reading, Pa., New York, Bridgeport,
H., and Portland, Me.—V. 158, p. 1031.
N.
Colorado Milling & Elevator Co.—Files Amendment
With SEC—Shows How Union Securities Got
$13,280,643
Within Two Weeks of Investment—
In
by
amendment
an
the SEC,
within
two
the
full
the
registration
a
of
its
how
by
in
preferred stock,
as
Pursuant
statement,
the
to
set
as
by the company
the
70,000
filed
on
SEC
Aug.
in
all
of
would
the
the
accept
questions
it
public
Oct.
as
2
result of
a
and
4
Corp.,
stop-order
a
raising
registration
cumulative
question
a
statement
convertible
no
of
par
an
it
to
It
as
amendments
not
disclosed
the
to
file
could
amendment
raised
Securities
by the SEC to the registration
initiating stop-order proceedings,
indefinite
postponement of a
order
requested, on Sept.
13,
hearing in order to allow time for
qualify the registration statement.
SEC
the
of
taken
the
Union
4.
company
the
Sept.
on
with
shares
exceptions
forth
the
$13,776,850 in the Colorado
dividends in cash and debentures.
connection
covering
company
made
of
filed
was
instituted
disclosure
statement
disclosed
investment
company
weeks
The amendment
of
to
drew out $13,280,643 in
concern,
proceeding
original
be
that
learned
Oct.
4
as
would
whether
satisfying
statement.
Uses Union Securities Data—
The milling company, explaining that it was
basing its amendment
large part upon statements furnished it by the Union Securities
Corp.-, said that on May 22 the latter purchased from 119'stock¬
in
holders
'of
the
company
stock, paying $173.47
shares
Thus,
Light 3,435 shares of its
for $343,535 of Alliance
1957, now held by Power &
mortgage 5% bonds due March 1,
and to pay Power & Light an amount in cash
equal to the
unpaid interest on such bonds accrued at the date of
transfer of such
bonds to O. P. S.. If such bonds are so
acquired from Power & Light
by O. P. S., O. P. S. proposes to cancel and retire such bonds
as well as
the $74,040 principal amount of
bonds of the same issue now owned and
held
by O. P. S., and to retire
Light,
1941
*
fees
Administ.
•
&
payment
first
1942
of
income
^Drilling,
assume
cancellation
property, plant and equipment account
($944,449.17 at June 30, 1943), and proposes to record in
for replacements
the amount carried by Alliance as a
replacement ($108,464.86 at June 30, 1943); and O. P. S.
Alliance
said
all
it
Ltd.—Earnings—
1943
£355,701
sale
prop¬
of
and
in its property, plant and
equipment account the acquisition of the
property, plant and equipment of Alliance at the same
gross amount
at
new
—
Directors'
propose
franchises
of
business.
our
said
value
30,
our manufac¬
sale of British
Total
$460,143,
other
of
investments
on
oh
Miscellaneous
this
all
and
time," he explained, "that
the potential reach of
operations, of machinery, of trans¬
personnel we have made certain changes
loan
Cities
to approve three
The transactions
Alliance.
Expansion
plant
companies
Prof,
£27,695 in
issued
Post-War
merchandising and advertising operations will
efficiently coordinated."
plants is planned.—V. 158, p. 1129.
most
from
Interest
pre¬
liquidation to Power & Light,
—
behind
of
net
liabilities, including
closing,
at
approximately
Inc.
crude oil to associated
and
Seeks Approval of Alliance Liquidation—
Ohio
Co.,
3 Mos. Ended Mar. 31—
Proceeds
accrued
Durham.
Service
far
were
surveys
facilities
and
Interest
thereof
&
realized for some
extensive
Development of
plus accrued
Durham's refunding
-
of
—
whereby all production,
be
thereof
■
other
in
$12,076,609 $12,022,384
„———
portation
on
such
of
accrued
dividends
Durham's 6'/o
cumulative
date
distributed
4,255,690
1,581,973
1,647,511
Colon Development Co.,
plus
'
of
500
4,255,690
;.L.
—
"We have
subsidiary, the
authority for the
date
amount
$1,250,000
($100i
par
4,080,919
500
turing facilities
After
1943.
"A,"
payment,
at
without premium, of 3,000
ferred stock;
4,133,565
$10)———
(par
corporation has inaugurated a reorganization program pre¬
paratory to post-war production, it was announced on Oct. 12
by C. R.
Palmer, President.
field
the
the
to
187,307
This
amount
Commission
proceeds
at
principal
14,376
1,725,321
_/
181,767
property—,
depreciation,—Ml
stock
Cluett, Peabody
Planned—
market
open
principal
Nov.
before
Co.
hand
on
11,243
1,618,087
buildings
—V. 155, p. 2455.
properties;:
Durham
cash
of
reserves
Total
in
the
to
properties and certain assets.
proposed:
/
are
:
land and
17,055
advance
in
involved
respect
of its outstanding 53/2%
deben¬
$41,983,000 principal amount held
have asked the <SEC
common
and
proposes
proposes
Surplus
323
120,281
and
7%, due 1949;
principal amount
and
without
premium, of $476,100 of
mortgage gold bonds, series "B," 5
due 1956;
capital
Power & Light now holds all the outstanding common stock of
Colorado (229,900 shares, par
$100), and 40,235 shares, out of 102,434
shares of the outstanding cumulative first
preferred stock of Colo¬
of
that
for
Capital
Prov.
to
proposes
on
(a)
to
will
Power
Service Co.,
application
with
To
reserve
Cities Service Power & Light Co.—Seeks
Authority
for Sale of Public Service Co. of Colorado Stock—
par
of
The
(b)
its
fication plan until Dec.
Reserve
of
Other
with
advance—
on
18,360
491
182,305
15,008
credits
credit
■
5,462
•
—
sale
and
357
taxes—
in
$20,480
702
___
insurance
—
state
on
said
requested
$23,921
I
Deferred
that
is
'
Mortgages payable
Rules
It
interest
of
Chicago Surface Lines—Hearings—
(par
stock
common
123,944
$12,076,609 $12,022,384
collected
General
♦
140,727
,
•_
and
Deferred
satisfactory
sale
for
via
1,092 miles.
Fla.;
6—Between
for
prices
which
matters
mortgage gold bonds, series
any
Cuba,
3,024 miles.
rado
the
interest)
according to the balance sheet
New
Orleans, La., and Port of Spain, Trinidad, via
Miami, Fla.; Nassau, Bahama Islands; Santiago, Cuba;
Jamaica;
Port-au-Prince, Haiti; Cuidad Trujillo, D. R.;
San
Juan,
Puerto
St.
Rico;
Thomas,
Virgin
Islands;
St.
John's,
Antigua;. St. Lucia,
Windward Islands;
and
Barbados,
a
total of
of
Act.
Information
<
to
sale
interest
Orleans
Kingston,
proposed
at
of
following transactions
together
of
Board
New
Rents
approved
by Durham to Duke Power Co. of its assets as follows:
by Durham to Duke of its fixed properties for a basic
cash consideration of
$2,952,000 as of Nov. 30, 1942, subject to adjust¬
ments
on
account
of
any
additions, retirements and
depreciation
accruing after Nov. 30, 1942, and prior to the date of the con¬
summation of the sale;
?./;»
<
(b) The sale by Durham to Duke of certain current assets and
the
assumption by Duke of certain liabilities as if the date of the con¬
Aires,
distance of 2,068 miles.
a
Miami, Fla.,
Federal
the
——
payable
rates
requested
the
8,635,345
141,048
_
charges
Federal
Service
Service
The
all
5—Between
of
Colorado
1952,
Cities
Public
The
the
Canal
New
4—Between
"The
the
are
to
.
to
Orleans, La., and Balboa,
Canal
proper city in the Canal Zone, via
Tampa, Fla.;
Kingston, Jamaica, a total of 2,014 miles.
miles
under
of
has
of
commissions
or
tenders
and
on
Cities
transactions
other
Tampa,
shares
Light
U-50
Durham Company to dispose of its fixed
hours
Buenos
Aeronautics
service
'
La.,
Honduras; Guatemala
Tegucigalpa, Honduras;
3—Between
and
of
[
,
Interest
Plans Sale of Durham Public Service Co.—
Board
half.
a
1,046 miles.
Orleans,
Jose, Costa Rica,
and
&
Rule
above.
fees
—_
L
——
Water
195,452
172,436
1,852,414
8,909,690
142,609
19,755
10"
Workmen's. compensation
of
20.
The
trip
Mexico, Central and South America and the Caribbean area. These
applications total 11,552 miles and are as follows:
1—New Orleans, La., to Mexico
City, Mexico, via Tampico, Mexico,
El
875,000
Power
from
above
subject
proposes,
188,692
329,477
1,801,572
;
—
Payroll
which
stock
This matter is
Durham
to
Belize,
summarized
later than
de
1,678 miles are over water and 3,431 miles over
four-motored equipment the trip
could be made from
With
total
Colorado
common
1,267
10.022
receivable
Accounts
($4,023,-
Company were outstanding at Sept. 22,
expected to be the subject of a separate applica¬
tion to the Commission
to be filed hereafter.
Colorado and Power &
Light have requested that the Commission's
orders be entered in these matters not
route.
Orleans
2—New
of
of
3,058
9,568
33,665
i
—
Total
pre¬
via
Great .Circle
a
the
own.
accumulated
others than
1943.
Havana, Cuba; Balboa, Canal Zone; Cali, Colombia;
Bolivia; Salta, Argentina, to Buenos Aires, which is almost a
Paz,
stock
value)
par
$365,750;
24
first
aggregate par value of $17,500,000.
Light
Commission
stock
(exclusive
four-motored
4,849-mile
Aeronautics
Orleans
&
exempted
this
tures,
expenses,
over
approximately
Civil
will
an
proposals
summarized
common
(31
with
preferred
be granted at the earliest possible
date,
Commission's determination of the other matters
water
are
with
hour,
an
made
Baranquilla,
presently
underwriting spread,
expenses, and net proceeds from the proposed sale are to be
supplied
by amendment.
,
v-X
Power & Light expects to apply the proceeds from the sale of
»
second
The
routes
Buenos
time.
land.
Aeronautics
air
and
service
establish
1,665
planes
New
The
Civil
notable
two
Putnam,
Brazil, a distance of 4,849 miles,
cuts directly through
Havana, Cuba;
Cristobal, Venezuela; to Manaos, Goyani
Brazil.
3,184
New
with
for
Janeiro,
by Carleton
and
San
transport
flying
30
cumulative
follows:
Buenos Aires—
Cuba.
Janeiro,
Circle
and
de
application
de
from
filed
applications
to
Havana,
La
had
company
ington
La.,
Sept.
on
with
the
consideration,
(a)
It
it
of
proposals
summation
Proposes Air
—
5J/2%
exemption
this
the
(2)
Services to Rio
authorization
exchange the 40,235 shares
first
($4,023,500
Colorado
be
(a)
preference stock,
Nov.
well
as
have
shares
that
which
sale
(1)
Chicago Corp.—Wipes Out Dividend Arrearages—
of
event
proposed
Oct.
first
of
of
certificate
135,087
.
Liabilities—
cumulative
201,175
Colorado
had net gain of 42 stations during September compared
September, 1942, and 3,368 in September, 1941.
1,602
For
issuance
Commission, Power
conditions, to sell
market
The company
with
of
stock
the
A
Gain In
for
this
or
1942
value)
common
said
1943
the
the
its
(par $20), which Colorado proposes to issue to Power &
Light
exchange for 40,235 shares of its cumulative first
preferred stock.
Upon
consummation
of
the
proposed transactions,
Colorado
will
have
outstanding, and Power & Light will own, 875,000 shares of
Chesapeake & Potomac Telephone Co. (Bait.)—Earns.
Month of August—
Net income
for
therefrom
amend
in
1592.
p.
therein
eliminate
Colorado
said
may
expectation
provided
opinion
to
as
to
proposes
stock, series of 1938.
par
owns
.
forced
so
further
(d). Power & Light proposes to
containing a provision
after the date thereof,
order
30 days
Colorado
incorporation
order of approval of the Missouri
delay consummation of said sale; and
that Interstate Power Co., which in¬
tends to purchase Central States' "Iowa-Minnesota properties," will be
in a position to acquire said properties
prior to Jan. 1, 1944, the ma¬
turity date of Central States' 5% debentures.
/
The
applicants further state that it is not believed that Central
States will be able to pay or refund its outstanding 5%
debentures
when they mature on Jan.
1, 1944, and consequently, an extension
of the maturity date of such debentures will be necessary in order
to
enable Central States to liquidate
in an orderly manner in ac¬
cordance 1 with the
plan of liquidation; that in the opinion of the
applicants it will be in the best interests of all of the security holders
of Central States to carry through such liquidation under the juris¬
diction of the Commission and of the appropriate Federal Court as
persons
Public
to
said
1943,
effective
withheld.
1942
$459,608
•
—
Land
$310,167
•
466,037
Mortgages receivable
Treasury stock
lative
make pro
to
unable
be
Contracts
that
mort¬
the
to
shall
Central
of
1,329,347
$327,420
„
receivable—
_
$1,639,51
1943
bonds.—
receivable
Inventories
ably
indenture
trust
1941
$292,148
■
:
—
S.
maturity date of said debentures on Jan. 1, 1944,
the arrangements for the sale of its remaining assets;
that although
the proposed sale of the assets of Missouri Electric to Sho-Me Power
the
will
.
1942
$273,530
Buildings
Equipment
under
trustee
p.
$1,627,463
1,335,316
■
Cash
other than for the election of
manner
the holders thereof shall have five
votes for each share of cumu¬
first preferred stock, and
any such rights to vote shall not be
cumulative; provided that if and when the
profits available for divi¬
dends are in excess of such
accumulated and unpaid dividends, then
the declaration and
payment of such dividends shall not be unreason¬
the
1943
$1,658,468
_
income
Accrued
all
on
or
V
1344.
158,
Comparative Balance Sheet, April 80
elected
and
been
,vv...
Assets—
and
majority, the remaining
holders
have
19.—V.
1,384,938
Accounts
to
usual
transactions
first
essary
as
proposed
will be held Oct.
Expenses
U.
Act
the
to
with.
on. the proposals
amend
until, but only until, all such
and
unpaid dividends shall have been eliminated,
(1)
voting for such purpose as a single class, at each
succeeding annual
meeting of stockholders, to elect the smallest number of directors nec¬
as
complied
Years Ended April 30—
Total income
accumulated
extension
applicable
been
hearing
City & Suburban Homes Co.—Earnings-
vote.
which
$100),
Monday, October 18, 1943
State
incorporation to
consisting of 250,000
following the transactions
673,825 shares ipar $20).
into
of
of
Light
further
total
a
have
certificate
common
which
(par
to
provide
amount
stock
to enforce and carry out the terms and provisions
amended, insofar as such amended plan provides for
of the maturity date of Central States' 5% deben¬
tures and (21
the use of the proceeds of the proposed sale of assets
of Missouri Electric
together with any other funds on deposit with
(f)
(1)
Power
adjustments
.:,v-
■
shall
of
stock
common
cumulative
an
each),
each
converted
ration
an
$100
Colorado
(ct
approval of the Commission.
The applicants request 'the Commission, if and when
it enters an
interim order approving the amendments to its plan to apply to
a
U.
S.
District Court in accordance with the provisions of Section
of
by
account
amend
authorized
each),
of
to
proposes
its
(par
$20
shares
for
18
that
shares
(par
securities junior to the afore¬
amendment to be submitted
the
of
holders
accordance
plant
'
Colorado
provide
"Iowa-Minnesota
said
for
reserve
$12,000,000.
.'V
•/:
•.
the
crease
dated Jan. 1, 1934, under which
issued except for the extension in the maturity date of such
agreement
FINANCIAL CHRONICLE
at
$171.50
Union
a
a
an
aggregate of 75,520 shares of the capital
On May 24 it
acquired 3,944 additional
share.
share.
Securities
by
May
capital stock, or 98.38 %
of the
acquired at a cost of $13,776,850.
"Union
intention,
of
the-
Securities
at
the
Corp.
time
79,464. shares
of
of
has
the
possessed
79,464
shares,
shares
which
of
it
the
had
,
advised
the
purchases,
capital
stockholders,", the amendment
24
outstanding
stock
of
company
that
making any
purchased from
it
had
no
distribution
the
former
said.
On
May 24 the stockholders changed the total number of authorized
shares of capital stock
from
100,000 of $100 par value to 80,772
shares of $3.75 par value common
stock, the step having the effect of
eliminating 12,785 shares of capital stock held in the
company treas¬
ury and of transferring $7,774,305 from capital to
capital surplus.
This, together with other capital surplus and undistributed net earn¬
ings, gave the company an excess of more than
$5,000,000 needed for capital surplus.
$7,000,000
over
the
Volume
Cash
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4221
158
solidated
Declared—- '
Dividend
of
Durham
its
(N.
Gas.Co.
C.),
and Jersey Shore
Gas
1529
Co.,
Crown Capital Corp.—Price On Stock Is Set—
subsidiaries.
On May
control
26, two days after Union Securities had completed acquiring
The
the
of
company,'the milling concern declared a cash, dividend
$7,000,000, payable on May 29 to stockholders of record May 26.
Of
of
the
dividend,
On
the
Union
5%
board
the
each
on
and
of
its
the
total
Two
share
of
in
later,
rate
$3.75
$6,500,000
dividends
days
of
capital stock.
Securities
Union
cash
Co.
This was payable June 4,
received
debentures
and
to
$6,394,000,
bring
to
$13,280,643.
in
for issuance
reserve
made
•were
on
to
available
the
the debentures and
the conversion of
board
of
directors
for
distributed
so
Union
then
Securities
owned
be
in
In
5
about
or
Paul
H.
June
Union Securities
sold
to
& Co.,
Hornblower & Weeks, Eoettcher & Co. and
Bosworth, Chanute, Loughridge & Co., respectively, $2,130,000, $710,000,
$285,000 and $285,000 face amount of
the debentures of Colorado
To
of
the
eight other
Colorado,
of 77,000
i
After
of
the
sales
such
stock
common
Securities
of
them
sold
officers,
the
at
stock
common
Union
and
of
purpose
cohipany
and
insurance
which
Securities
directors or
was
the 5%
owned
Evidence
False
21
its
of Colorado.
In
dividend
a
}ts
Ry.—Data Given
Were
Rumors
Circulated
the
Emil
panying the sharp
stocks
last
"Our
an
,
termed
advance
believed
by
in
as
the prices
that,
Sept.
on
information
upon
sources."
"The
Mr.
which
Schram
Exchange
of the
9,
company's bonds
member
a
that
it
is
reduced
always
to
these
firm
and
additional information
p.. 1439.
good
firms
Paul
been
W.
Kesten,
elected
Mr.
directors
who
It
these
from
came
is
Mr.
the subject,
Budd
the
of
-Association
•'
War
Vice-President,
CBS
in
it
Advertising
a
Council,
158,
he
has
The
directors
dends
-A.
par
Oct.
on
of
Inc.,
:
*
•
and
of
•
Vv
A.
$100.
$100,. all
$1.25
and
share
per
payable
15
Nov.
Gross
the
earnings, of
months
12
the
The
consolidated
which
for
apply,
they
in
result,
from
1942
and
S.
accrued
1943,
31,
during
in
the
amounting
retirement
1943,
months'
12
of
of
with
of
rate
period
16
the
of
SEC.
9%.
or
periods
cents
such
31,
Aug.
stock,
dividend
A
stock,
See
Los
bonds
1943.—V.
158,
preferred
of
the
he
achieved
He
that
plan
the
not
than
should
the
With
the
realistic
a
this
rights
be
all
income
based
of
all
approach,,
stockholders
an
preferred
view
realistic
of
over-emphasis
years hence.
by
five
or
said
take
to
time.
convinced
four
also
of the United States
on
present
earnings
on
stockholders
whom
he
subsidiaries
Mr.
such
State of
or
preferred
Delaware.
stockholders
Weekly Output— R
that
served
579,256
as
- •
•
hour
output
adjusted
corporation
territory
1942,
kilowatt
weekly
this
have
taxes
as
National
director
a
to
be
represented
did
He
added
evidence
it is the
in
pro¬
has been
and
Other
officers,
successful
operators
1,
Nov.
1943,
Form U-5B.
on
,
holders
to
on
April
1942.—V.
25,
to
of
show
electric
general
of
energy
business
of
on
the
record
last,
25,
157,
and
common
15.
Oct.
Jan,
on
A
25,
1422.
p.
AiAount
157,
In
each
$3,001,137
1943—9 Mos-.—1942
$1,710,895
2,242,116
1,201,325
tricity
Oct.
(electricity
10,
800,000
41.0%.
1943,
-
an
Oct.
13
that
announced
generated
amounted
kwh., for
$509,570
$1,844,797
$0.65
$2.36
$1,738,475
$2.22
only
one
to
244,-
week
in
to
and
for
output
the
of
week
compared
with
elec¬
ended
with
155,-
the
144,400,000
kwh.
increase of 38.6%.—'V.
for
158,
the
p.
corresponding
1439.
481,214
______
$530,364
$509,570
$1,363,583
on
proposed
transactions
preliminary
set
to
bet.
week
of
-19 for
d.sposal
per
last
hearing
by Con¬
transfer
stock
Tinguaro sugar
subsidiary.
This action
21,
rebuilding
of
the
1943,
that
in
of
the
event
the
mill
the
estate
of
taken
was
ordering occu¬
(partially
de¬
did not
company
itself.
815.
p.
Nov.
on
share has been
19
to holders
this
on
issue
20,
made last year.—V.
Consolidated
;
1942.
157,
declared
of
The
the
on
Nov.
record
May 01,
on
last,
1.
'R; ;:
common
A
which
distribution
latter
similar
compares
was
the
1647.
p.
Income
Statement
for
Year
Ended
March
31,
sales
of
1943
$3,716,125
_
Cost
Gross
;
profit
Selling,
2,600,171
,
n
delivery
Provision
Net
for
$1,115,954
and
administrative
depreciation™
operating
Other
income
Gross
Federal
tax
$1.74
$2.22
income
Less
profit
taxes
after
net
deducting
for
subject
all charges including interest,
adjustments, and all taxes.
The
year-end
are
will be
Net
$251,282
other
for
deductions
income
for
profit
Assets—Cash
receivable
and
to
but
renegotiation,
it
not
is
cash
62,284
118,501
™
Crll,365
$81,863
___.
Balance
hand
Sheet
March
31,
1943
"
and
in bank,
$64,202; accounts and bills
$219,927; inventories, $167,440; -life insurance,
$7,311; Dominion of Canada War Loan bonds,
(lees reserve),
value.
due
goodwill, $125,653;
and
$100,501;
taxes,
$1,111,975;
$327,650;
payable
accrued,
bonded
$2,075,099.
accrued
charges,
provision
indebtedness
for
of
x
"/
$178,836;
income
and
subsidiary
bond
excess
companies,
$58,582; capital stock, preference shares (par $50),
(78,636 shares, no par), $115,703; capital
reserves,
shares
common
$16,362;
total,
and
$29,795;
earned
surplus,
$135,694;
total,
$2,075,099.—V.
157,
343.
Dallas Power & Light
expenses
Other
$751,117
$8,706,000
328,424
254,332
3,217,843
233,471
204,779
1,437,386
1,449,510
__________
taxes
Prop,
43,757
56,908
703,564
704,387
approp.
123,509
52,514
976,034
711,998
$175,585
$182,584
$2,371,173
$2,170,587
3,721
654
$175,959
$182,584
$2,374,894
$2,171,241
46,667
46,667
560,000
560,000
1,745
14,843
300,660
113,507
$127,547
$121,074
$1,514,234
$1,497,734
retir.
res.
oper.
Net
revenues
Other
income
Gross
Other
374
________
income
mtge.
on
inter.
Net
/'
bonds
deduct.
&
income
Dividends
Compared
with
in
period in 1942;—V, 158,
p.
1943—12 Mos.—1942
$904,746
taxes
applic.
to
pfd,
stocks for the
—V.
'
$7,949,928
2,913,446
,
period
507,386
507,386
—-
$1,006,848
$990,348
™
981.
158, p.
Dallas Railway & Terminal
Operating
1943 totaled
$10,417,000 and $37,-
periods
Co.—Earnings—
1943—Month—1942
revenues____
Period Ended Aug. 31—
nine-month
same
profits taxes
year
on
surrender
profits
ex¬
Shipments
as
/
excess
$70,000; sinking fund, bonds of subsidiary held at par, $45,600; pre¬
paid expenses, etc., $6,759: accrued income, $2.'327; receivables on sale
of refrigeration equipment,
properties; • etc./, $42,708; sundry invest¬
ments, $19,744; refundable portion of excess profits tax, $11,365; fixed,
materially affected.
and
10,849
•
post-war
after
net
75,611
$240,433
refundable portion
Balance
are
799,910
profit
(net)
and
Provision
refund.
earnings
expenses____'_._I_____
___
income
Interest
$1,738,475
$0.65
Continental Motors
1241.
$396,091
$5,731,173
$4,103,453
304,427
248,992
3,399,148
2,714,976
39,269
32,097
637,290
16,368
15,235
206,728
166,720
approp.
79,153
35,251
937,511
452,064
revenues...
$74,205
$64,516
$550,496
$629,030
15,505
22,007
,186,063
$74,205
$49,011
$528,489
$442,967
$74,205
$49,011
$554,155
$442,967
22,000
23,515
273,956
282,180
416
2,400
Cr2,543
24,605
$51,789
$23,096
$282,742
$136,182
_
taxes
retir.
1943—12 Mos.—1942
$513,422
revenues
expenses__:-_
taxes
Federal
Co.—Earnings—
1943—Month—1942
Operating
Other
res.
140,653
Corp.—Earnings—
Net
Earnings for 9 Months Ended July 31, 1943
oper.
for
Rent
profit
lease
of
plant
$4,375,627
shares™
per
$1.46
income
Operating
■
After
depreciation,
allowance
of
proper
capital stock.—V.
Federal;' income
and
reserves
158,
p.
and
excess
charge-offs.
profits
ton
and
shares
taxes
3,000,000
income
Other
Gross
887.
An
initial
value
V.
dividend
capital
158,
p.
stock,
of
$1
per
payable
share has been declared
Nov.- 15
to
holders
of
the no par
on
record
Oct.
25.—•
25,666
__
income
mtge. bonds
on
deductions
Other
Coos Bay Lumber Co.—Initial- Distribution—
The
income
Net
Dividends
stock
for
the
period
to
pfd.
approved
owned
Oklahoma
7%
due
on
subsidiary
Electric Cooperative,
bonds,
Inc.,
proposes
1954,
and
to
Oct.
of
7
the
sale
Crescent
of
—V.
Oklahoma
Public
Service
Utilities
Co.,
to
Co.,
a
apply
the
the
Indian
A
$72,000
balance,
of
about
its
5%
first
$165,000,
mortgage
to reduce a
unsecured
trust
standing
by
6%. income bonds,
series B,, due
1954, presently out¬
in the principal amount of $3,100,700.
The
sums
to be
Oklahoma on its. first mortgage bonds and on its unsecured
promissory note are to be deposited with the trustee under the inden¬
ture
103.901
$32,281
securing-Crescent's
income
bonds.—V.
158,
p.
1345.
,
*
158,
p.
981/
Dayton Rubber Mfg. Co.—25-Cent Distribution—
for. $237,000.
retire
promissory note for $874,350.
The
first mortgage bonds and the unsecured
promissory note of
Oklahoma are pledged under the trust indenture of Crescent's col¬
paid
26,901
$255,841
applic.
388.
SEC
wholly
lateral
:The Securities and Exchange Commission has
cents
made
Sales
Prop,
tEarnings•
appointed
.;
.
Balance
Inc.—Output—
System
purchased)
kwh.,
219,700,000
50
payable Nov.
share
per
Interest
;R
______
Shipments for the three
$16,561,000 and $44,624,000,
891,000, respectively, for the
subsidiaries
Consolidated Electric & Gas Co.—Hearing Oct. 19—
requests
$1
of
was
'
■
6Net
Agent—
been
convertible
occupied
developments."—V. 157,
Operating
$0.68
depreciation, provision
reported figures
that
the
January)
reconstruction
all
$5,
par
Interest
corresponding week--of, 1942.- an increase"-of
Local distribution of electricity amounted to 200,100,000 kwh.,
compared
year,
on
of
distribution
4,498,235
4,883,531
$0.97
above
pected
has
5%
signed Sept.
....
$6,236,710
$6,728,328
,
surplus_
case
and
decree
and
property
fire last
such
Operating
Crescent Public Service Co.—Sale—
company
the
dividend
A
stock,
2247.
p.
income
for
profits
York
"Company is advised by counsel that such action is directly in viola¬
Cuban Constitution and is taking all
legal steps to protect
interests, at the same time keeping the U. S. Dept. of State closely
Federal
share_
■"Provision
excess
conditions, of
week ended Oct. 7, 1943, amounted
with 215,156,867 for the corresponding
13.67%.—V. 158, p. 1439.
Consolidated Edison Co. of New York,
The
of
surplus,
Fed.
228,657
per
New
preferred
15
Ltd.—Acquires Shipyard—
1943—3 Mos.—1942
post-war
to
carr.
43%
Curtis Mfg. Co. of St. Louis, Mo.—50-Cent Div.—
increase of 29.422,389 or
an
seized
Presidential
Liabilities—Accounts
America—Earnings—
reserve
Bal.
of
Nov.
1439.
p.
,
assets, $1,292,062;
$759,021
&
158,
156, p. 2221.
Consolidated
has been declared
share
share
per
war
and
with,,
;
,
of
value
par
forcibly
(N. J.)
.made
was
profit
Amount
of
last,
tion of the
Linen
*"/'■'
and Oct.
_
content¬
introduced
5.—V.
15.
a
stroyed by
acquired a substantial number
Corp. common stock.
Two of
Stock—
per
_____
Fed.
holders
Dairy Corp. of Canada, Ltd.—Earnings—
been
have
Co.
better
hoped
for-the
compared
pation
Munson
be
can
ceedings shows that the true value of assets of the corporation is
not
equal to stated value of the preferred stock outstanding, plus
accrued
dividends, and that, therefore, there is no equity in • the
assets of corporation remaining for holders of the
common
stock.
The
$0.33
the same capacities: as herefour other new directors were
Weinstein,
and
are
cents
before
for
Deduct
participating waive any rights to object to the proceedings
the ground that any order made directing an alteration of their
rights without their consent will -be in. violation of the Constitution
of
$142,564
$0.16
Committee.
Laundries
by
of
sustain
not
$75,095
President of the
continues
payable. Oct.: 25
25
taxes
upon
ion
do
Angeles Shipbuilding & Drydock Co. below.—V.
profit
Net
stockholders
present
was
adjudicated
Mr.
Period End. Sept. 30—
Net
share
per
to
the regular quarterly dividend
preferred stock, par $25, payable
7%
Nov.
Period Ended Aug. 31—
has
cents
15
to a query regarding seizure of one of its sugar mills by
Government because it failed to repair
damage to mill
commence
1st 9 Fisc. Periods End.
$0.15
Executive
Container Corp. of
in
saving
5
April 26,
on
1942.
Cuban-American Sugar Co.'s Cuban
p.
In
as
said,
5
distribution
25,. July
of
Dec.
made
January
Government
securities and
its
which
system
$62,975
Consolidated Steel Corp.,
Munson
of
[v
of
list'2,728,359 shares of capital stock ($15 par) is
the Department of Stock List of the New York Stock
of
payable
was
Van
pursuant to
Corp.—Earnings—
158,; p.. 1129.
$10,
par
similar
April
annum
said
S.,
the
holders
to
before
dividend
a
cents,
by
this company declared it is advised such seizure is
illegal and that it is taking all legal steps to protect its interests.
"On Monday, Oct. 4, 1943,'' the
company statement said, "the Cuban
last
interest
Southern Corp.—Preferred Holders
stated
$50
Oct.
Cuban
fire
Consolidated Royalty Oil Co.—5-Cent Dividend—
to
his testimony Sept. 29 Justin R. Whiting, President of
the .plan was based on future earnings.
said preferred stockholders may be seriously
injured
by the plan, which he said primarily attempts to determine their
rights based upon future estimates and added that it is the purpose
&
Mr,
of
In
preferred
C.
to
directors
Applicationpending
share
per
per
debenture
of
the
Consolidated
Bxchange.^y.
objecting to the plan, George S. Munson, counsel
committee, which, he said, represents about 370,000 shares
earnings.
the
Weinstein,
Application to List
...
25
In response
the
continuing to serve in
addition
*•
one-half
ending
increase
stockholders' committee objected Sept. 30 to company's
one-stock plan as being unfair to preferred stockholders
when hearings were resumed before Richard Townsend, trial examiner
the
agreements
per-
preferred
for
sales
SEC has given
the company an extension to
its registration statement as a holding company
file
be
Cuban-American Sugar Co.—To Contest Seizure—
returns.
outstanding,
to
$1,381,445
$27,628,900
than
cents
an
stock
taxes
The
last
voluntary
for
tax
'
Object to Plan—
A
its
for
stock,
The
of $10,937,255,
1942.
August,
%
to
subsidiary -companies- for
Federal
of
are
of
will
Cosgrove Coal Co., Johnstown, Pa.—Dividend—
its
repreent interests who
new
*Prov.
&
the
Russell M.
Consolidated Natural Gas Co.—Stock to be Distributed
per
10
$132,742,374,
to
'
Commonwealth
of
former President,
.
'"".'vR/x'R
1129.
p.
amend
hearing
a
all charges, including depreciation/interest and
—See Standard Oil
.k
20.
to
In
:
.>
common
of
the
less
but
-
1942,
compared
cents,
period ended
charges at
the
set
Consolidated, and thus became the chief
Thomas H. Blodgett, former Chairman and director,
continues as a substantial individual stockholder.
Chairman
shares
company
President of
but
Jenkins,
the
shares
Kirk, Secretary and Treasurer, on Oct. 4 announced
the directors have declared a dividend of 50
cents per share on
the voting trust certificates of the
company, payable Oct. 29 to holders
in the
laundry and linen supply field in Eastern metropolitan cities, including
New York, Boston, Philadelphia and Baltimore.—V. 158, p. 387.
.'R-'V'-R'
Oct.
and
of
B
declared
record
above corporation.—V.
National
preference
record
were:
share
per
38
to
$0.15
M.
15.
the
on
declared
distribution
Guaranty Trust Co.
for
agent
with
1943, I.
exception,
one
7.
J
10-cents
x.-x-'■
interest
date
to
stock,
reallocation
to
were
months'
12
of
corporation -and
Aug.
effect
saving
will
of
5VV cumul.
the
holders
period ended August,
earnings
give
to
the
A
months'
12
adjusted
this
ended
over
and
class
Cosden Petroleum Corp.—Transfer
The
of
the
•
.
•
dividend
a
on
to
previous; payment on the common
share,' was made on Feb. 15, 1941:
-
to
has
through
$59,200
__
31,
board
elected
has
share
stock; no par value,: and the- regular ' quarterly-1 divi-1'
of $1.50 per, share' on the 6%%:cumuL-:preferred-stock,"-series
$100, $1.25 per share on the cumul/preferred stock,-5% series,
par
subsidiaries
its
The
887.
p.
that
respecting consolidated tax
share__—
resigned
these
Oct.
-•'•yV*.•" -K"
,v
__
per
Aug.
the
has
of
common
par
of
6
par
similar
also
share
per
Oct.
stock,
A
and Dec.
holders
to
of record
Commission
of Consolidated
Consolidated
to
operating officer.
158,
board
on
the
of
^ t "''/'V
declared
7
will
Corp. with headquarters in Atlanta, Ga. and operating 31
plants throughout the South from coast to coast, was elected Chairman
any
Manager,
announced
member
668.
p.
'
—Earnings Up 9%—
6.
directors
cents
New Officers and Directors—
been
Columbia Gas & Electric Corp.—To Pay Common Div.
oi\rthe
assets
158,
stock
common
statement.
each.—V.
on
common
April 27
on
Sept. 11/43 Sept. 12,'42 Sept. 11,'43 Sept. 12,'42
profit
On
course,
it."—V.
General
was
is
1930,
*;•
.
Co.
Service
System, Inc.—Promotion—
Broadcasters.—V.
of
\
\
directors
the
record Dec.
com¬
have
if
welcome
Vice-President and
formerly
Gas
properties of
The company pointed out that although deemed fair
the sales price of such properties will, it is antici¬
After providing for
taxes.
reliable
of
they
that,
would
we
realized,
unless
rumors
advised
have
poined
Shore
,
tofor.
Executive
Kesten,
of
in-nine
*
from
firms
which
4
faitji and were based
feel
Co.
Ry.
trace
to
Columbia Broadcasting
s
has
accrue
elected
vu
Jersey
assets for amounts substantially below
represents losses by the parent in the sale of its investments,
accordingly, any tax savings resulting from such losses
Earnings
no
information tending to indicate
member firm has circulated false rumors with
on
Jersey
outstanding
a
Feriod—
distributed
member
Opinions
in
member
Southern
We
assets,
its
registration
cents
the indenture
—Quarter Ended
discovered
difficult
writing.
by
reliable.
presented
the
a
&
Exchange
Consolidated Laundries
said.
has
Colorado
to
be
to
were
anyone connected with
respect
obtained
was
them
contained
the
the subsidiary companies
losses.—V, 158, p. 1345.
"Net
communications
munications
The
on
informed
of the Exchange, announced
after Ralph Budd, President of
false some of the rumors accom¬
bonds of this company and that, on Sept. 22,
another member firm
distributed information
with
respect
to
the
bonds and
stocks of
the
company.
The information contained
in
those
of
under
to
such
analysis of the 4!/a%
sources
s
undertaken
disclosed
its
of
that,
not
month.
inquiry
of
all
6,900 shares of class B
the
50
President
Schram,
inquiry was
Colorado & Southern,
all
of
by
at
The
of
retire
stated that sales of such
cost
and
The
the trustee
by
policy of the parent company to dispose of all
disposed of, or expects to dispose of, in 1943 its
of
companies.
pany
by NYSE
Investigation by the New York Stock Exchange of trading in secur¬
of the road in September
revealed no indications that member
had given circulation to false rumors concerning the company
securities,
sale
trustee
and
reasonable,
firms
6.
release
gold
pated, be lowered and the tax cost of such properties will result in a
material saving in Federal income and excess profits taxes.
The com¬
ities
its
the
proposal
and
by Schram—
,
it
assets,
should
the
sale
and
acquire
subsidiary companies,
such
May 26.—
on
the
on
pursuance
investments
Member Firms—
Oct.
the
from
with
Securities
with
shares
98,890
debentures
'
or
5%
trust
Hearing Set Oct. 21—
The
Oct.
beneficially
debentures issued as
Southern
&
received
Tax
aggregate
an
1240.
p.
Colorado
No
it
collateral
the
with
Southern
issuance
Crown Drug Co.—To Pay 5-Cent Dividend—
wul
assets
securing
cancellation.
proposed
to
proposes
Durnam
the
covered
offered
by
be
employees
time
same
Issue of the preferred stock of the
sale of $3,000,000 of 4% debentures to
said, would be to provide funds with
private
for
the
See also Maine Public Service Co. below.
Colorado.
of
the 5%
$2,984,000 of
the
redeem
to
V., 158,
of
and
concurrently
the
with
lien
of
indenture
has amended its registration statement on file with
Securities
and
Exchange Commission
to
establish
the
offering
price of 250,000 shares of class A common stock at $4 a share.
Hodson & Co., Inc., of New York, the underwriter, also ,will handle
securing the collat¬
eral trust gold bonds of Consolidated concurrently with
the release
by the trustee of the Jersey Shore Gas Co. bonds for cancellation.
|
the contemplated
companies,
bonds
deposited
,
The
,
1958,
first
sale
the
Colorado.
six of
persons,
Union
shares
of
stock
common
mort¬
the
first mortgage 5 '/2%
to
To the first three named companies and to the principal
stockholder of Bosworth, Chanute, Loughridge & Co., Union Securities
sold at the same time, respectively, 77,100, 25,000, 10,000 and 10,000
of
30-year
Co.
Co.
be
Milling.
shares
first
gold bonds, due July 1, 1987, all of which
Consolidated and pledged by it to secure its collateral
gold bonds.
Upon such acquis.tion, Jersey Shore Gas Co; pro¬
to create in favor of Consolidated a like principal amount of
account indebtedness.. An amount equal to the cash proceeds
open
Davis
Co.
the
under
trustee
Gas
owned
trust
the amendment said,
12,
the
April 1,
Gas
poses
On
received from
be
connection
$59,000
Sale of Debentures—
I
due
Durham
are
to
with
Utilities
Shore
297,990
shares.
I*
proceeds
bonds,
of
Of the 302,895
beneficially
all its outstanding
and
deposited
Cities
302,895
distribution
.
exchange for the $3.75 stock, then only four days old.
shares
retire
first
30-year
cash
the number of authorized shares of
capital stock of the company was changed again, this time to 750,000
shares of $1 par value common stock, of which 390,000 were held
28,
May
on
proposed sale of all of its assets, the Durham
bonds,
gold
Consolidated
payable.
such deben¬
of
amount
Corporation
below:
due Dec. 1, 1952, all of which are owned by
pledged by it to secure the Southern Cities Utilities
lien and collateral trust 5% gold bonds, due April
1, 1958 (assumed by Consolidated).
Upon such acquisition the Dur¬
ham Gas Co. proposes to create in favor of Consolidated a like prin¬
cipal amount of open account indebtedness. An amount equal to the
of
issue
an
dividend
a
summarized
are
to acquire and
proposes
6%
gage
authorized
declared
$80.47 face
of
Co.
proposed
with the
connection
Gas
$6,886,643.
directors
debentures' and
convertible
v,in such debentures at the
tures
received
Securities
day
same
$6,500,000
In
transactions
dividend
stock,
A
and
V:
no
Aug. 2,
157,
p.
of 25
par
similar
cents
value,
distribution
share has been declared
per
payable
was
Oct.
made
Delaware Power & Light
The
to
this
holders of
issue
on
on
the
record
Feb.
common
Oct.
10,
last, and on March 21, May 1, Aug. 1 and Oct. 26,
1941.
R,
RRR' .
by SEC—
tions
25
on
May
11.
1
1942.—
Co.—Merger Deal Approved
■
Securities and Exchange
proposed by
m
Commiss'on approved Oct.
the United Gas Improvement
Co.
13 transac¬
involving
merger
THE COMMERCIAL & FINANCIAL
J. 530
of
the
Eastern
Delaware
tale
of
Power
($100
program.that
the
Erie
Corp.
tJGfs
Shore
system,
interest
the
by
as
intermediate
an
in
step
with
in
for
Delaware
$6,287,000
Power
of
stockholders
to
UGI.
Other
Delaware
will
Dower
Co.
latter
company,
of
long-term
UGI
County
unsecured
will
Preferred
Power
Electric
of Delaware
buy
to
50^
$6,287,000
in
162,600
cash
stock.
common
shares
obtained
of
from
All
$13.50
per
Operating
Erie
of
UGI's
debt
and
The
mon
these
will
be
proceeds
the
of
reduced
derived
Delaware
from
by
and
Power
$23,892,000
Delaware
to
Power
the
Eastern
stocks
addition,
will
be
of
Delaware
SI,110,780
used
Maryland,
to
held
Eastern
Snore
the
buy
which
publicly
of
Power
and
proceeds
additional
in
turn
bonds
will
sale
its
of
Shore
from,'sale
these
of
stock
of
funds
to
Eastern
Shore
of
with
merger
will
and
stocks
ferred
of
the
bonds
will
be
sold
through
competitive
under
The
registration
the
X3ublic
Service
Co.
effective.—V.
of
of
when
1345.
Shoe
into
the
Delaware
&
September
—
Eastern
Light
Co.
Sales
$2,616,966
and
In
Shore
A.
and
$66,763
$855,276
$818,030
21,924
261,212
000
49,761
21,675
265,728
$50,762
$44,839
$594,064
Elec.
Co.
(Del.)
As
67,501
Beck
S.
conformity
radical
many
the
Electric
Holds
Dissolu¬
fitock,
no
of
20
cents
of
share has been
per
value, payable Nov.
par
1
declared
holders
to
of
record
common
Oct. 20.
This
compares with 15 cents paid
Feb. 1 and May 1; 1943.
oh Aug. 2, last, and 10 cents each
Payments in 1942 were as follows: Feb.
30 cents; May 1,
V. 158, p. 1130.
20
cents;
and
Aug.
and
1
Nov.
10
2,
progress
This
stock,
recently
1942,
$2.40
$40,
par
with
compares
payable
$4
Oct.
on
declared
Oct.
paid
20.
dividend
a
1942,
20
and
22,
S1.20
$3
holders
to
July
on
of
of
and
the
Share
in- any
form.
July
on
of
record
S3.40
last,
on
15,
Oct.
being
stood
158,
A
dividend
ori
Sept.
—V.
of
par.$l,
distribution
10,
158.
25
cents
made
1130.
has
last
31,
each
cents
been
holders of
to
Oct.
on
1941,-and 25
p.
share
per
payable Oct. 29
was
declared.on
record
March
16
;
the
19.
compared
year,
on
Oct.
made,
Mr.
Murphy said:
impact of the
50
12,
1941.
the
3 Mos. End.
Aug. 31—
'Net
;
share
per
1943
1942
to
♦After
tAlso
$1.26
interest,
after
for
taxable
and
excess
income
1943.
and
profits
for
the
$1.79
Federal
taxes
income
company's fiscal
were
(2)
dividends
of
Renegotiation
Federal
law
may
$200,000
of
or
for the
contracts
may
for
affect
not
three
received
from
ended
earnings.—V.
the
future.
of
at'the
that
As
natipn
SEC
the
p.
are
public
thus
he
these
Electric
national
of
billions
placing such
would
of
be
public
1440.
time
and
when
rule
feet
is
the
time
carries
built
and
System;
by
are.
drain
the
price
time
face
of
when
See
Power
the
Cities
Service
Fower
&
Light
Co.—V.
157,
1177.
p.
With
Durham
See
Public
Cities Service
Service
Co.—To
Power & Light Co.—V.
Sell
of
to
Properties—
is
and
$400,000,000
Period Ended Aug. 31—
Net
$66,916
__
earnings
invisible
taxes—V.
158,
24,446
p.
expenses
1033.
do
look
$39,979
include
private
$321,250
$319,533
118,418
127,075
$202,832
>
income
and
the
of
the
week
$192,458
excess
.
-J,.
Cct.
7,
1943,
the
System inputs of client
Ebasco Services, Inc., which are subsidiaries
Light Co.. Electric Power &
Light Corp. and
Power &
Light Co., as compared with the
corresponding
during 1942 were as
American
Power
&
and
has
follows:
—'
of
sources
now
supported
tax
laws
•;
taxes
is
output
couraging
a
1943
Electric Pwr. & Lt.
Corp.
National Pwr. & Lt. Co.
The
above
Eanies
not
figures
appearing
1942
191,365
106,994
and
27,472
16.8
87,365
19,629
22.5
not
in
both
88,692
include
the
;
13,491
system
inputs
15.2
of
any
periods.—V
com-
Period End. Sept. 30—
•—V.
158,
p.
1131.
owned
and
war
such
1943—Month—1942
1943—9 Mos —194')
$3,262,862
$4,247,384 $29,263,367
$32,545,9*41
and
as
tax
by
is
stag-
has
based
are
present
of
Murphy
,,
been
demand
said
tax
.to
at
Electric Boat Co.—To
Pay 25-Cent Special Dividend—
directors
have
dividend
payable
*
*.
Dec.
3
to
of
declared
25
holders
i^re p. 1941; ^une
ma
on
157,
a
cents
of
dividend
per
record
share
Nov.
1943, and
venture
high
by
El
equipment
mailed
signed
net
Paso
Natural
all
to
Gas
preferred
contract
a
stock
of
(Del.)
current
contract
of
on
18.
50
cents
the
on June
10
and
share
per
capital
Distributions
stock,
of
Dec.
and
both
exemption
of
industry,
not
"It
believe
carries
stock
of
for
23,
1943,
Paso
and
to
the
but
to
its
value
a
high
and
As
.
^
who
will
'
in
has
cents
be
advised
of
they
by
of
mail
the
sell
to
the
judgment
would
desire
,
to
the
vote
El
soon
as
by
the
Paso
as
pos¬
qualified
Electric
Co.
/
already
hereafter
or
,
Al
submits
a
tender
of
Statement
1943—12 Mos.—1942
$6,419,540 $81,905,864 $70,619,815
2,298,472 ^ 29,595,104
25,917,002
403,576
5,484,275
4,761,178
570,043
6,879,535
6,342,056
1,021,578
13,440,897
8.958,459
567,898
taxes..
1,187,209
taxes
oper.
Income
$7,238,681
2,740,562
486,286
income
Other
651.099
revenues.'.-
income
Interest
$1,605,628
(net!—.
610,030
7,189,023
7,037,740
29,529
$1,515,840 $19,317,030 $17,103,381
Dr28,833
Drl5,016
Dr242,375
-$1,635,156
&
$1,487,008 $19,302,014 $16,861,006
p,ii 530,748 % ; 589,888
7.003,94G.r
7,216,212
amortization
Balance
'
$1,104,408
Dividends
V.'T"
011
preferred
stocks,
$897,119 $12,298,067
declaredi!...^!:^
$9,644,794
2,716,953
2,758,804
&9.581.114
$6,885,990
1,583,970
•
of
return,-. if
the
they,
Cumulative
a
sense
a
I-.
•!>!
penalized
are
reduced,
•
'
to
be
but
minority
not
declared
583,970
21,003
interests
'41.279
$7,955,865
subsidiary
a
in
company
should
not
income
insist
taxes
upon
*
!
-sidiaries
"
Balance
;
Amort,
applic.
of
.
to
discount
Engineers
applic.
to
:
Pub.
bonds
Serv.
of
a
Co,:
and
excess
double
not
only
existence
premium
as
men,
upon
is
the
to
either
fair
investors'
Preferred
dividends
Interest
profits
or
declared.
in
.1.^1:—
from
Expenses,
taxes
Balance
other
63,650
55,017
142,887
123,396
$4,569,325
500,111
372,379
:
$5,079,144
$4,196,946
Co.
2,256,084
2,256,084
$2,823,060
$1,940,861
$1.48
$1.02
sources.
and
interest—....
Service
Divs.
he
applic.
on
to stocks of
Co.
pfd.
Engineers
Public
....
stock of Engineers
Pub.
Serv.
the
Balance
enterprise owned by
because in effect it places-
ownership
97,862
-
an
Government
2,565
.,60,155
•
taxes
wise,"
990,532
$4,290,485
$5,579,255
—....
Earnings
from
privileges
stake
L'
v-
sub¬
Earns,
■
standard
2^643,301
$5,312,564
sidiary company owned by parent company,
deducted "above _.l.2-__--_.
from subsid. cos.," incl. as deduct;-above-
-;
-
exempt
special
$5,281,017.
of
excess
heavier
owned
continued
earned
to
pfd. dividend requirements for the period,
less • minority interest, credited to reserve: for
depreciation in value of investments* in sub-
thus* dis-v
"
divs.
its
.'
1
'
by
pfd.
applicable
Earnings of
to
contradiction
■
are
Amount
%•'
are ,i
devoted
property
_.>2-__i 1.___~____.____;
to
Earnings
for
per
stock
common
share of
and
.common
surplus
stocks
"'For comparative purposes Federal income and
excess
profits taxes
have been restated to give effect, to the provisions of
the. Revenue Acts
and
to
applicable
enues
1942,
affect
may
,not
1943—Month—1942
.
revenues
Balance
effect
operating results of the sytem, he said that operating rev¬
were $537,892,035 for the 12
months ended June 30, an increase
$30,201,980, or Q'/o
over
the
same
period last year.
Retirement
reserve
appropriations of $61,544,411 show an increase of
$2,535,352.
50
10,
Engineers
city of El Paso
major subsidiary
its
other
or
results
contract
Consolidated
-
„
Net
*
their securities.
artificial
stock
common
;
.
public utilities for the
fair
a
liabilities:
utilities
individual? and managed by business
operation."
the
of
.
Balance
to
utilities
Government-
continued
Co.
approval
election
whether
of "the
the
on
stockholder
Other
i.e., common .stocks, and placing a
charges while at A the same
time these
threat
for
value
price of $6,947,000, subject
ehanges to the date
a
assets
to
as
stockholders
Oct.
El
Depreciation
capital,
Federal
this
a
dollar
stockholders
with
one
subject
is
outcome
the
thus
proponents
produced
the
announce
closing of the offer and the acceptance
common
stockholders
Maintenance
always beenV eliminated'.- by
Therefore,-, an excess. profits tax
public
on
to
1277.
p.
Exchange Holdings for El Paso
has
stock..
Federal
have
■
fixed
tax-burden
collateral
158,
1943, the holders of preferred stock of the
letter giving information as to the
possibility
Operation
the
of
mean
and
impossible
was
for
Preferred
Operating
a
support
revenues
Shipments
13,
Period Ended Aug. 31—
that
decline
to
revenue
the
upon
fair
profits
preferred
from
do
business
preferred stock in accordance with the: letter of
Sep. 13. 1943,
withdraw such tender at any time prior to noon on Nov.
4, 1943,
by advising the company that he desires to withdraw such tender
by
registered letter addressed to the company and received by the com¬
pany
prior to noon Nov. 4,
1943, at its office at
1100
King St.,
Wlmington 33, Delaware.
V
u
-
organization
v" v'
.
,
laws
exemption
tax
"We
their
of
may
greatly encouraging public ownership of utilities.
power projects are to be used as yardsticks by which
performance of J business-managed systems, Mr..
Murphy
measure
declared
close
the
If Government
Inc.—Sept. Sales Drop 23.2%—
Exchange has .voted
the
at
for
transfer
his
Own
;
Mr.
continued
discriminatory and is in
controlled
Federal taxes,
the
states,
voted
the
Oct.
on
radio
a
the
the
as
of
Any
by. private citizens and
managed by business men has increased by leaps and bounds in recent
years,
due almost entirely to heavier Federal taxes,' power
projects
added.
The
the
1943,
of
7.
Co.
This
after
common
,
being urged to reduce their debts.
are
3.'While
to
Edison Bros.
Stores,
of
upon
companies
Pet.
163,893
102,183
do
Amount
4,
the
voters
industries
war
minimum
a
.
threat
grave
/.
use
premium
-Increase-
Operating subsidiaries of—
American Pwr. & Lt. Co.
effective
application
exchange proposed in the letter of Sep. 13, the latest time
presenting tenders has been postponed until noon <EWT) on Nov. 4,
sible
with
its
Oct.
of
preferred
•
—Thousands of Kilowatt-Hours-
De¬
the validity
•
consumers.
tax
present
debt
as
Date
of
The
closing
securities for
in
4 To
Sept.
letter
sale
closing.
1943.
.
the
contributed
with
the
mailed
adjustments
for
.
stressed,
asserted,') would
'
Excess
to
\
Under
2.
the
cn
rates
utilities
in' terms.
profits
service.
in
review
8
announced that September
history of the company which
in the production of radio-electronic equip¬
records
of
of
was
Inasmuch
to
ask
remaining taxpayers
to
$35,000,000,000
of
additional • public
some
reasons:
such
it.
earn
public
the
by the qualified
voters of the city of El Paso at an election to be
held Oct. 23, 1943,
aqd to approval of the Engineers Public Service Co. board of directors.
"
Federal
other
of
present
that
applied to
National
week
to
tlie
operating companies of
of
to
debt
principal
reduction
$100
in
ended.—
June
permanent
list,
President,
all
exclusively
Service
the
of
and
Public utilities have always operated under profit "ceilings due
fact
the
companies, El Paso Electric Co.
to
y
following
profit
■
Inc.—Weekly Input—
ended
was
burden
called
to
reflected
quarter
1913.
p.
The date set for the
this
Public
industry's 1942 tax payments of $628,000,000, i
industry.
This, he
Government would have
the
for
on
Navy, it was
shipments.—V.
were
tenders
for
vital
to
and
date
Since
.
the
but
treasury
to
he
Government
service
gas
financing.
able
Ebasco Services
public
the
assume
court
a
corporation.
stockholders 011
exchanging their stock for
of
rolls
to
gas
has
facilities
assistance
•
of
record
public
difficulties,
utility
that
(he
For
to
of
He
not
have
not
the
the
the
and
from
Abrams,
character
Army
plus cash.
retire
fabrication
feet
out
All this,
materials
of
other
.
1943—5 Mos.—1942
$64,425
$42,874
Note -Operating
^
1943—Month—1942
24.042
...
to
billions
stock
broke
September
Under
tax, he-said that if the industry
only would the Government have to borrow some
buy the industry from its present, owners, but it
not
would
Gross earnings
Operating expenses
the
to
$15,000,000,000
East Kootenay Power
Co., Ltd. —Earnings—
entitled
are
is
Natural Gas Co. Common—
one
socialized
were
152, p. 2701.
which
after
Engineers Public Service Co.—Preferred Stockholders
cor¬
tax
annually
billions.",
new
financial
critical
many
electric
reference
which
of
of
that
Given Until Nov.
the
"this
of
Light Corp.—Dissolution
par)
1943.1—V. 152,
engaged
secret
policy
price trend for almost everything else has been upward:
has been going on for
decades, he added
industry and one business organization which has
done
a
good job in 'holding the price line'—a 'rollback' of
utility
prices would actually raise prices rather than lower* them." •
; r
that
Co.—Proposed Acquisition—
Securities
times
of
Pointing out that this decline
Duke
the
the
,
great
investment
the
on
said, .it
the
on
exception.
attention
of
he
-
the
by
purpose
reduction
occurred'
pendency in Boston of
(no
for
Despite the huge expansion programs to meet this increased
demand,
in
both
latest
it
as
dissolution
ten
no
which
design,
cubic
turning
necessary
war
the
of
its
and
terms
personnel.
and
the
Army and Navy.
Shipments for the month were more
shipments for July, 1942, the first month in which
the company's entire output was taken
by the armed services.
Mr.
Abrams
explained
that because of the vital and
necessarily
with
•
now
the
and
find
private
with
made
gas
in
in
supply
the
than
Is
Share
has
minimum
a
the
than
debt."
of
electricity
total
Government
rather
with
upon
Corp.—Pays 10-Cent Common Dividend—
company on Sept.
16 paid a dividend of 10 cents
per share
on
the,- common
stock,
par
$1,
to
holders of record
Aug.' 5.
This
compares with
15 cents
paid on May 15, last; none since.—V. 158
of
&
when
the
for
and
The
this
remove
company
physical
plant
record,
war
cubic
shores
Bond
and
is
of
ment
the
government
utility-plant to
securing
time
and
manpower
at
gering
aside
passu
earnings,
1346.
shipments
.
"if
both
Government^/would
industry's
power
employees
existing
the
%
Emerson Radio & Phonograph Co.—Record
of
by
owned
now
'»
said,
integration,
the
retirement
funds
669.
pari
liquidation.
Benjamin
only about one-eighth of the public
at one time the utility
industry
socialization, it now finds many other
that
same
power
of
leaves
a
the
for
expenses
previously authorized expenditure of $7,000,-
that the committee
authorization
requirements.
that one-fifth
,
its
kilowatt-hours
for
Total
for
$5,611,104,
the purchases, the company has
outstanding 257,297
preferred stock and 1,015,947 shares of $6 preferred
stock
July 30,
while
contribution
further
fewer
under
158,
set
a
to
In
$20,721,100
over
under
dividend
industry,"
say
31,
Aug.
The
!>.
in
itself,
continued,
the
genuine
management,
hours
done
Dravo
to
company.
associated
materials
war
the
months
an
he
of
of
far-flung battlefronts—the
'
Notes—(1)_ Included in income
to
to
books and
make
to
1943
well
retired
preferred
Thus,
utility
substantial
assembly,
the
reduction.
ended
year
than
was
of
rank
voluntary
of
ending
year
2
other things,
among
its
in
practically every
item
of
war
export
and
civilian
"Every ship and plane," he said, "every, tank, every gun,
practically every article of the manifold paraphernalia., of modern
taxes.
upon
6'/c
a
the
less
income
hearing was held Oct. 11 before the SEC on the application of the
Pittsburgh Stock Exchange to strike from listing and registration the
ingredients
$1.96
computed
or
for
6%
or
Net
the Securities and Exchange Commission' on Sept.
29
corporation an extension until Dec. 22 in which to comply
requirement that company be dissolved.—V. 158, p. 1277.
common
"Stock¬
supply..
war
depreciation, amortization
provision
of estimated
May 3 L, 1944,
$1.66
$538,554,
Electric Products Corp.—Delisting Hearing—
contrast
permit
venture
and
kilowatt
1940
$2,104,946
of
% common stock
fiasis
1941
$2,104,282
t$2,147,705
in
in disposing
a
alone
company
was
stockholders.
A
particular refer¬
ence to the
participation of the Bond & Share System, which supplies
about one-eighth of the nation's
consumption, Mr.-Murphy said that
Subs.)—Earnings—
profit ^-,C--—2ui: t$l,649,151
learnings
been
in
facilities
public
as
business
where
investors
company
estimated,
shadow
Speaking of the
(&
parent
already
owned.
so
the
we
support
-
Dow Chemical Co.
the
reliably
public debt and
cents
June
and
and
its
sharing its plight.
to
difficulty
similar
with
to
has
in
such
porate,
common
A
are
industries
•''As
./stock,
been
alone
were
Divco-Twin Truck Co.—25-Cent Distribution—
and
saving of $1,189,263
utilities
29,
1942.—V,
-As
stock
has
the
was
order,
the
the
were
policy,
he
said/capital structures • are
being
retiring debt, increasing depreciation accruals and
property without assistance of government money
Government, although
7.
Dec.
1241.
>).
a
public
non-utility- industrial
the
on
July
of
p.
its
and
scope
System
this
by
It
share
per
of
new
for
directors
the
strengthened
Discount Corp. of New
York—$3 Distribution—
The
158,
with
Board & Share System In the
present period
Murphy voiced confidence in the. technical and
ability of the organization, supported by its resources,
constructing1
2,
preferred
capital
$6,000,439,
$5
on
gave
Mr.
both
serve
furtherance
on
each.—
cents
of
Because
the
or
transition,
to
of
$69,694,000
resqurces
which
tempered
administrative
the
on
the
the
cash
ferred—
.
Larger Distribution—
dividend
parent
which
he told
addition
which
statement
$484,801
changes in
Bond
bear
itself
company
A
1942,
011
in
result
a
share
a
V.
$526,563
is
shares
judgment on the part of both the company :
and
the
regulatory bodies, he pointed out,
are
of paramount
im-*
portance in protecting the interests of investors.
Refraining from any prophecy as to the eventual status of the
■
Cash
of
and
for
stock
the
and
added.
cash
•
$552,302
.67,501
Share Co.—President
operations of
should
and
period,
the retirement of $12,673,000 of the
preferred stock, making
total preferred stock repurchases of
$18,013,000 par value to Sept. 15
Aggregate dividend savings were $1,038,300, of which $308,300 resulted
from the retirement of shares since June 30.
8867,791
18,290
to El Paso
the
same
Exchange Commission,
This
in mind that due to the
Act the
company are necessarily in a period of transition, but.
as we see it this does not
involve the dissolution of Electric Bond and
Share Co.
What future form and
scope the company may have we
do not now know because of the
many unpredictable factors involved."
$21,870,793
the
$873,566
2,854
requirements-..-.
such
the
reviewing
system
Decrease
$21,402,071
including
of
of
holders
becomes
1943—9 Mos.—1942
$2,764,621
subsidiaries,
fihoe Stores.
the
for
in
with
authorized
Murphy, President of the company, told stockholders at
meeting Oct. 13 of the progress already made in con¬
with $he Public Utility Act of 1935.
He pointed out that in
Seasoned
1943—Month—1942
corporation
of
merger
Power
S69.617
inevitable.
,
Corp.
Period End. Sept. 30—
♦Sales
'Sales
effect
Del.
p.
158.
Diamond
take
to
432,188
W.
course
extent
Securities
is
425,971
annual
forming
Company Act.subsidiary- of the United Gas Improvement Co.,
and Exchange
Commission notification
registration under the Public Utility Holding Company Act of 1935.
of
440,977
1,592 "
&
the
$237,547,000,
were
$8,770,102,
was
,
their
integra¬
the Holding
company, a
filed with, the
710,903
36,791
$74,029
—
Samuel
a
The
has
1,166,030
Unnecessary — Changes in Operations Inevitable ;i
under Utility Act oM935—
' .v
noted that nothing in its
approval order "should be con¬
determination of the ultimate status of the Delaware Power
in respect of the provisions of Section 11
(B) (1)," or
system
period
tion
bidding.
SEC
as
he
1943,
Electric Power &
by a first mortgage and pledge of all the notes
Maryland and Virginia subsidiaries.
Like the pre¬
its
439,285
79,848
amortize
dividend
for
Company reports for the June quarter that it had reacquired
$5,340,000 of its preferred stock at a cost of $4,199,923 since the end
of the quarter and up to Sept. 15, out of
the $15,000,000 which it was
257,247
36,638
95,139
loss.
Electric Bond
secured
stock,
The
strued
tion
be
/■
38,828
Balance applicable
-V. 158, p. 1131.
102.
at
3'>
and
316,830
$72,437
and
Preferred
The $15,000,000 of first
mortgage and collateral trust bonds that
Delaware Power proposes to issue will be dated Oct.
1, 1943. and
will mature on Oct. 1, 1973.
They will bear an interest rate of
.
24,058
36,619
Balance
of
$1,089,000
retire
Maryland Light assumed in the
Maryland.
These bonds will be called
of
1,617,115
Balance
Interest
In
while
$32,200,000,
by
off,
$4,311,215
1,849,011
revenues
7%.
a
Preferred Stock Reduced—
$5,085,699
134,405
com¬
pre¬
of
30,
income
30
1943—12 Mos.—1942
$381,356
taxes--
net
or
period, Including taxes, were $3,158,998, a decrease of $149,219, or 5'>r,
During the period preferred stock dividends of $7,589,771 exceeded
net income by $1,978,667.
(Texas)—Earnings—
—:
income,
and before
$135,935,865,
ofc- $28,300,000 for construction, during
1943, approximately .88,000,000 of debt to
paid
June
compared
shares-
common
of
Total
$183,389
$452,312
...
oper.
Other
bonds
(Delaware):
the
$280,736
31,367
income
at
defluctitfns
were
1-v"ovv
.
holding companies and $167,853,000 in the operating companies..
same
176,330
taxes
Net
$19,000,000.
from
Eastern
common
use
Other
been
Sept.
Shore
preferred shares, plus part of the .proceeds from the sale of
s.tock, will be used to retire all the publicly held debt and
ferred
Federal
facilitating the distribution
and the publcily held long-term
stockholders,
increased
in the
'
Depreciation
of
assets
■
stocks
preferred
steps,
thus
increased,
its
to
simplification
corporate
be
items
111,425
surplus
1943—Month—1942
revenues
Maintenance
will
interest
companies
&nd
of
Power
111,425
and
months
»
Operation
stock
common
Power.
result
a
stock
these
of
six
stocks
common
expenditure
has
$294,814
requirements
El Paso Electric Co.
,
As
Delaware
dividend
Period Ended Aug. 31—
sale
the
public
1,575
,
$392,161
Balance for- common
—V, 158, p. 1346.
by Delaware Power.
the
use
and
notes
owned
be
will
also
first
15,565
147
,
After
system
Delaware Power's other subsidiary, the
Eastern Shore Public Service Co. of Virginia, will be recapitalized and
refinanced so that each will have 50f/r< of capitalization in the fonu
■securities
'
Balance.',-
with
along
17,262
26,241
1
before interest and other
revenues
preferred and
on
increase of $8,227,428.
$329,229
taxes.; '•
•
its
merge
income
taxes
operating
dividends
1942
15,645
Federal
Monday, October 18, 1943
Net
1943
$434,194
.
will become a registered holding
subsidiaries, the Maryland Light and).
and the Eastern Shore Public Service Co. of Maryland. The
plan
and
company
Aug. 31—
V;
subsidiary companies, com. divs.
from
Expenses
gen-
a
(Del.)—Earnings—
12 Months Ended
Revenue
by UGI of
the exchange
Co.
El Paso Electric Co.
and
its interest in
cash and the stock of
(Delaware), owned by the Associated Gas and Electric
and which contemplates the ultimate ..distribution ot
began
Electric
County
Under
stock
described
collateral trust bonds
Delaware Power.
and
mortgage
preferred
were
Co.
(Del.), a subsidiary, into the
another subsidiary, and the public
Co.,
first
pari
oral
Service
Light
of
transactions
Eastern
Public
and
$15,000,000
#4,000.000
The
Shore
CHRONICLE
.
Federal
during
income
of $9,308,344
after
for
deducting
the
taxes
the
respective
include
12
months
post-war credit
periods.
provision
ended
of
for
The
$1,034,137
amounts'
estimated
Aug.. 31,
1943
shown-
excess
for
profits
(1942,
$4,961,241)
(1942, .$450,725).
.
<
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4221
158
./Engineers Public Service Co. in 1938 set up in a reserve for depre¬
in value of investments in
subsidiary companies an amount'
representing the estimated loss in such investments, including provision
*for a considerable period in advance for loss which may be sustained
(Y;
/
■/,/
ciation
:
•'/■:'■ :.Y
•
because
of
the
Cash
U.
accrual
of unearned cumulative dividends on preferred
Sound Power & Light Co., a subsidiary company, held
by the public.
In compiling consolidated figures, commencing Jan. 1,
1939, Engineers Public Service Co. adopted the policy of reflecting all
changes in surplus of Puget Sound Power & Light Co. in the reserve
stocks
Y'./'
■■
'for
depreciation
in
value of
investments
Earnings
of
income
Federal
Other
''
8,960
20,464*501
Deferred
;
$2,511,377
taxes'
^._Y_:Y.Y_:.^
charges
xyY__..-—._
Balance
$3,312,789
Interest-Y
138
,
2,256,084'
..
1 year)
Balance
for
stock
common
Earnings per share of
/
^oss.—V. 158,
and
surplus..___
stock
common
•
$0.55
and
profits taxes
exc.
/
$614,796
$620,161
$7,814,318
164,814
:
150,725
2,114,067
_
•Maintenance
23,810
14,250
Taxes
88,030
1,145,425
153,444
1,662,094
.1
-
.
ment
"*
&
881
J
.
:
'
$207,495
$2,554,835
Or241,143
Net
594,238
Dr241,143
38,772,888
1347.
4,652
79,805
$2,634,641
$170,639
$2,202,005
div.
Balance for
8,631
103,579
of
five
on
Shares of Fundamental
103,579
/
and
,
—V.
require.
401,085
againt
•
divs,
com.
$162,007
$154,743
1277.
p.
cents
share
per
Investors
has
been
securities
declared
on
the
State
Orders
By
/
gain
i
of
$3,059,373
over
$77,590
t$5,947,293' "$4,195,439..
171,584 shares of stock, par value $1 per share,
188,580 shares of stock <par $1). $Provision for ac¬
taxes only.
/Amount claimed
profits tax—V. 158, p. 1132.
for
outstanding on Sept. 30
p. 1347.
taxes
were
received
this
by
Off 10%—
company
the
periods
received
orders
in
Other
income,
and
1943
havo
1942
% Inc.
1942
519,482,000
474,077,000
$1,199,904,000
41%'
$299,120,000
566,252,000
258,375,000
$1,339,449,000
$422,047,000
„„
:Y:
months
"8
*45
A
door
new
60,814
953,605
"10%
1
,
by
designed
'
as
device to
emergency
an
circuits
where access doors are opened when tho
small molded plastic indicator lamp have been
Specialty Division of the General Electric Elec¬
and
on,
switch,
a
the
at Schenectady,
Department
Y,—V.
N.
158,
1441.
p.
;
$5,512,775
2,566,095
interlock
control
is
tronics
1943—12 Mos —1942
3,776,882
*
Two New Products Announced—
interrupt
$8,440,762
.../
"Decrease.
announced
254,539
.
General Finance Corp.
685,163
184,020
63,421
1,515,799
Consolidated
57,718
818,585
604,927
Y $107,078
$131,113
$1,375,892
$1,246,516
680
52
4,969
$131,164
$1,380,860
$1,244,732
44,600
36,874
538,130
(& Subs.)—Earnings
for
Nine
Months
365,709
Ended
—
31/ 1943
Aug.
Y
$690,000
taxes
Drl,784
S1Q7.758
Earnings
Net profit after charges and Federal income
410,073
72,078
—
,'r
::_Y:
quarter
quarter
Nine
ex¬
income../
Operating
un¬
follows;
as
Third
455,543
$567,605
taxes.....
...
of Federal
refund
the
93,238
profits
Other
The ICC on Sept. 29 approved the merger of the, properties of the
Nyack & Southern RR. into the, Erie for ownership, management and
operation.—V. 158, p. 1346.
-
.
37,759
by
quarterly
been
market,
337,718
income "and
Federal
..
47,145
10
during the first nine months of
to $1,199,904,000, comparsd with $1,339,449,000 in
the same period last year; a decrease of 10%, Gerard Swope, Preident, announced on Oct. 13.
.v
:
Second
at
$794,130
Maintenance
,
Railroad—Merger of Nyack & Southern—
Oct.
/„
First quarter
valued
1943—Month—1942
YY
revenues
Operation
cess
Erie
payable
this year amounted
Dec.'31, 1942—V. 158,
on
Period Ended Aug. 31-
Operating
$1,932,967
$2,098,426
1,222
8,710
$1,640
37,896,568
Galveston-Houston Co. (& Subs.)—Earnings—
v
.
surplus
158,
12,703
liabilities
tRepresented by
crued
comparable figure on. Dec. 31, 1942.
: At
the year-end,
net asset value per share was $16.12, .compared
with a value on Sept. 30 of $20.91, a. gain of 30%
during a period in
which
the Standard & "Poor's
average
of 90 stocks advanced 24%.
$2,036,546
8,631
income
stock
$11,178
assets
power
•Net
Pfd.
exp.
taxes
stock & State
cap.
General Electric Co.—Orders Received
of
the
company,
with
Sept. 30 ,to $9,523,196,
assets
amounted
509,559
$163,375
Net
y
$2,546,105
£32,635
—$28,258
received
Capital Corp.
not
1943
24,086
$212,148
41,508
$4,273,020
■
purchased,
$71,025
Fed.
accru.
"Represented
(
distribution
A
$2,522,018
$194,907
31,532
....
Total
6.977,422
18,889/476
...
for
Dividend
stock, par $1, payable Oct. 15 to holders of record Sept. 30.
This compares with nine cents paid on July 15, six cents on April 15
and 14 cents on Jan. 14, last.—V. 155, p. 262.
95,512
Z)rl,894
deductions
589,863
6,977,422
Yw
Total
3,048,492
' $6,018,318
:
for invest,
payable, management fee and other
Prov.
2,720,000
•
Y
treasury...
5,626,390
payable for stock of Gen.
purchased not received
Fundamental Investors Inc.- -Net Assets
55,930
.
in
12,267
11,472..■
pay.
Accts.
•capital
■
$196,801
Gross income
•
$2,617,531
Y
$2,610,766
6,215
other income
Income
W
.
$213,710
develop-
costs
Balance'
.
Y
:
$197,683
revenues.:
oper.
Exploration
-
;
;»
■
Net
20,542
22,246
__
Accts.
.
$7,606,940
1,939,031
263,279
1,059,753
1,727,345
281,964
88,158
140,330
-Deprec.; prov. for retire.
$1,191,728
1,467,020
19,308,135
lield
cash.
-
Total -assets
First Mutual Trust Fund—5-Cent Dividend— ^
1943—12 Mos.—1942
1943—Month—1942
revenues
stock
—V. 158, p.
Period Ended Aug. 31—
yr.j
1
,
—....
(827,654''• no•'par..shares).•
receivable,
distributed
/El Paso Natural Gas Co. (& Subs.)—EarningsOperating
Operation
$346,058
Capital
289,100
2,220,985
surplus■
Common
1346. '
p.
1,876,545
:
259,220
certificates....
inc.
....,
stock*
Common
''$117,087
'$0.06
$1,056,567
1942
12,152
Liabilities—
$4,000,000
4,455,707
1,464,748
$640,000
4,421,861
and other exps...
taxes
investment
i Reserves
Earned
1
deposits
deliveded
not
Y"
,
1943
Investments
•
$2,138,997
2,256,084
$3,312,651
y:c
Sept. 80
§ Amount
-YV"'
.
Note pay. to bank (installments due after
Balance!
sold
Dividends
.
37,896,568
38,772,888
»
(portion due within
for est. Fed.
Reserve
1
Preferred ;divldends
demand
747,195
payable
Employees'
$2,138,997
Y- ;.__YYY:
.
Corp.
9,703,822
1
.
-
1
to bank
pay.
Accounts
Cr9,489
,
775,493
'
„
Yy.
Accrued local and State
^
and Net Assets
^
banks,
Accounts receivable for stock of General
376,429
10,034,995
1
....
:
^
Liabilities—
YNote
95,275
10,878
■
i.
Toial
286,594
230,537'
reserve..—396,806
Accts
258,558
taxes-v—^—
.Cash- in
4,782
19,665,199
388,872
less
Assets, Liabilities
Assets—
■
80,000
730,943
Y^..___..YY.-_-Y_Y^Y..-;.-..____^_
Investments, etc.
■
1942
$3,812,762
'
:—
94,800
.
receivable, officers and employees...;.
Inventories
assets
.Goodwill '
'
•.
....
receivable,
rFixed
1943
„
Government"securities
Accounts
subsidiaries.
,
,,;Y'v,'Y"
*
Mar. 27, '43 Mar. '28/ '42
$7,407,762
$5,788,895
v
hand
on -
•
Company Only
12 Months Ended Aug. 31—
Total
revenues
Expenses-
in
S.
and
Accounts
of Puget
.
banks
in
Comparative Balance Sheet
v.
,
,.
Assets—'
■
1531
net
,
,
,
Shares
of
Earnings
—V.
■
865,075
outstanding
I-
share..
per
158,
stock
common
$0.69
576.
p.
General Foods Corp.—Sales Division Head—
Gross
Ex-Cell-0
Corp.—-Earnings—
1
income.. _Y....Y
•
Depreciation
.
9 Months Ended Aug.
/
31—
1.943
1942
.Profit after all chgs. but before taxes and'res.. $20,476,807 $13,517,860
Provision for Federal income taxes...*18,876,542
10,994,288
Net profit
Earnings per
>'
,
$1,600,265
Income
:"Includes
v
provision
negotiation —V.
158,
possible
for
p.,575.,,.
price
adjustment
due
to
,.
special
t»f
meeting
capital
shares,
the
of
increase
an
of
stockholders
10,000
'
.
will
shares
held
be
(par
$5
on
share)
a
/
for
Oct. 18 to
in number
thus
the
the
of
-
stock/ par
amount
and
$1,
1942,
payable Nov.
on Feb. 1, May 1
while from Aug.
2,
and
1942,
quarterly
distributions
of
common
like
A
15
cents
and on Aug. 1
including May 1,
and
to
each
made.—V.
were
of
account
on
$100,
par
Sept.
declared
30
accumulations
the
on
dividend
a
7%
of
view
cumulative
1 to holders of record Oct. 20.
payable Nov.
158,
of
the
preferred stock,
This compares
'•
will
income
tax
rants;
$9.30
to
Y
Ritchie,
Chairman
has completed
pany
which
at
Dec.
31,
of
the
board,
amounted
$239,936.
to
outstanding funded debt.—V. 157,
no
been
the
com¬
p.
share
addition
in
the capital
on
Oct.
15.
to
stock,
15,
the
declared
8
1557.
of
50
cents
regular semi-annual dividend
of
$1
per
par $10,
1941.—V.
156,
an
extra
both payable Nov.
Interest
was
paid
on
August—
Gross
Nov.
Net
from
Net
ry.
•
Exps.
751,227
624,385
222,146
389.314
427.102
138,063
railway.,—,.
oper.
158,
p.
-
9,900,452
6,512,959
4,180,920
4.965,850
2,751,565
1,249,094
3,906,001
1,070,749
income..—
2,528,900
2,060,313
651,399
.504,957
1440.
First National Stores, Inc.—Annual Report—
Mar. 27/43 Mar..28/42 Mar. 29/41
1,585
Y
' $ '
••
—187,839,592
Sales:-
Cost,
of)—
(number
•
.-Profit
Int.
&
Gain
2—- i
diys.
on
Loss
on
Miscellaneous
Fed.
2,137
138,253,888 128,983,033
972,868
953,731
3,857,646
3,454,165:
123,643
146,033
199,770
3,104,394
232,354
secur._
4,003,678
f
rfrom,
V.
118,186
237,774
1,307,000
1,093,254
*2,212,000
.244,244
:
Net
profit
Preferred-
Common
—:
dividends
2,380,295
Earn.' per
"After
com.
share.,.-
.
26,051
24,213
2,046,420
418,659
333,875
$3.01
deducting $246,000 for debt
in
$550,533
$539,767
to 30%
1941.
*315,500'
$224,267
aggregated
common
paid
in
on
stock amounted to $6.75 a
the common stock, resulting
surplus, due to
earned
■
.
/Y
1942
$33,945
23,180
$539,358;
158,
p.
and
attained full production with respect to the
Income
Statement,
Year
Ended
Dee.
1912
31,
expenses
.
profit
;
_Y.
...
Total
receivable
undistributed
30,
Profit before income taxes and
and
Normal
Excess
reserve.......:
$7,435,453
:
—
_____■/, '■ 350,000
surtax
profits tax._.-.Y_-.-~x.iY__:-x.:YL.:_::::..
for
securities
income,
$629,985;
145,556
Interest
532,757
dividends
on
Total
Corp.-
1942
$135,513
'
2,508,719'
2,739,075
1,903
.
$135,838
$119,888
24,224
21,463
2,045,478
460,399
689,434
$2.90
retirement
S3.06
$3.34
credit.
Note^—Net
is
exclusive
of
$132,973.
of' gains
as
or
but
after
654,836
Government ■re¬
Sheet,
Dec.
and
receivable,
31,
rehabilitation
other assets,
$720,394;
trade,
1942
contract,
property,
$8,860,911:.
assets,
bonds
inven¬
$415,§18; in¬
plant and equipment,
refundable
to U.
income
through
$4,541,870;
renegotiation,-
due" to
U.
S.
$13,700,000;
Government,
provision
for
Government under contracts, $1,872,433; provision for
S.
and, excess profits taxes 1942, $5,885,000; provision for
$744,495; earned surplus, $3,586,509; total,
$40,249,735.—V. 155, p. 1213.
General Metals Corp., Ltd.—Renegotiation—
$111,614
112,237
S98,425
101,066
$85,762
84,951
for the 9 months .ended Sept. 30, 1943,
losses, realized and unrealized on Securities
above
620,000
1,483,953,
85,08(1'
guarantee and contingent -costs, $494,350; accrued taxes,
interest,
wages, etc., $1,663,727; dividends payable, $20,826; advances on sales
contracts, $3,425,207; plant rehabilitation contracts, liabilities, $415',918;
reserve
for transition from war-time to peace-time economy,
$1,100,000; 4»/2%
convertible preferred stock ($100 par), $1,778,200;
common
stock (201,488 no par shares), $1,021,200; capital, surplus,
21,245
$142,297
140,482
_________.
income
Balance
accounts
Liabilities—Accounts, payable,
refund
6,549
Net income
5,535,000
Cr553,50()
economy
„_..Y^.._
surplus
amortization,
and
$12,880,550; plant
vestments
$107,007
32,760
.......
peace-time
$.4,762,115; deferred charges, $67,900; total, $40,249,735. /
and
surtax
$4,100,000;
notes,
tories,
4,163
2,046,417
tax
depreciation
Consolidated
325
taxes.
normal
to
Assets—Cash in banks and on hand, $8,441,947; U. S. Treasury
•and
1940
$181,607
profits taxes.
war-time
negotiation of profits.
$107,007
2,482
1■
from
dividends
"Before
'
1941
-
excess
dividends
Common
Federal
$119,888
of
transition
•Preferred
$19,706,382.—
Quarterly. Report—
1943
$179,124
3d—
...Y
bonds
Expenses and
for
Profit transferred to earned
sold,
total,
refund
Post-war
''
1943
$8,0.90,798
265,214
$8,356,011}
profits
9 Mos. End. Sept.
Income,
,
Sept.
1,105,057
_.Y___.i.Y920,559
deductions
Prov.
'
$9,195,855
administrative
income
Other
290.
General Capital
22,622
,
$956,786;
Sheet,
opera¬
Y
/
■
approximately 2'/a times the dollar valuo
Company has shipped in the first six month;}
profit
Other
320,100
$250,533
wero
taxes,
last year.
over
Selling
$354,045
300,000
income
we
are. using
and no further expansion is contemplated.
cancellation of contracts or some circumstances beyond our
we
feel that shipments for the current year will be up to
"Gross
118.772
290,000
profits
:
before
were
we) have about
Operating
127,682
$292,078.
1942
Consolidated
8,528
103,610
excessive
^
27,625
94,388
no
profit,
aboijt 65%; of the shipments for the entire period of 1942. We
that
43,619
30,277
Dividends
'.
50,900
,
stock....
year
:
for
shipments
control,
$21,711; divi¬
receivable, interest accrued, etc., $79,233; securities, $18,648,653;
$19,706,382.
'
807,095
_
2,046,420
.1—
Surplus
""143,748
$582,078
pfd,
the
$744,031.
1943
■25%
51,540
2,465,079
dividends..:
of
lor
5,940
22,733
profit
on
Federal
-
247.500
trus¬
or
debs.::.
5%
1941. earnings on
of $3.25 were
increase
facilities
$797,502
66,946
expenses
314,941
...
•'"•
taxesY
In
Dividends
net
a
feel
.
3,491,550
3,653,936
48,112
_
share.
share.
in
+20,908
107,029
that
share on 201,488 shares of common stock outstanding,
of regular dividends on the outstanding preferred stock.
per
of
$889,848
!
conservative
a
of
Liabilities—Dividend, on preferred stock payabie Oct. 1, 1943, $96,000; payable, for securities purchased, $34,875; reserve for taxes, etc.,
$36,000;:$6 cumulative, preferred stock (64,000 shares, no par), $3,200,OCO;
common
stock
(1,300;220 shares, no par), $1,300,220; -capital
surplus, $13,869,9,44; profit on securities sold less dividends paid there-
40,765
charges.:
_
dends
114,037
assets.:'
a
1940
1,452
redemp.
of
Louis
policy directors have set aside from this profit a
special reserve of $620,000 for after-war adjustment and transition to
peace-time economy.
This leaves $1,483,953 as the profit transferred to
earned surplus, which/after the payment of regular dividends on tho
preferred stock, represents earnings to common stockholders of $6.94
30
24,719
.
St.
that market sinco
1941.
1942,
31,
repayments,
renegotiation
Shipments
47,897
accrued-
Assets—Cash,
1 total,
131,041,158
,1,004,866
6,211,946-
profits
exc.
174,378,933 142,680,922
109,681
sale of
Federal .taxes
Mar. 30,'40
1,923
income—
income
and
found
Dec. 31,
Dec.
ended
year
after payment
would
$771,840
$766,144
in
manager
renegotiation payments, to a total amount of $19,031,500, leaving1
profit before special reserve of $2,103,953. This represents earnings
a
$$776,594
debs.
sales
and
1943
§$865,129
57,108
Balance
'.
$
986,380
.'Interest .paid
Sept.
•
has
the year ended
the
of $10.02
"Including $500 payable Oct. 15, 1941, on preferred stock, called for
redemption,
tIncludes, $9,888 in
1940
received
in preferred
stock.
/Includes $4,671 realized on sale of securites received as a dividend.
SIncluding $28,134 in 1943, $20,724 in 1942 MT.d $26,182 in 1941 market
Y value of securities received as dividends. ""Includes $3,400 for Federal
income
taxes
computed at the rate of 40%, but otherwise under
/present tax laws,
:.,YyYY
6,088,303
/
Y_Y_ ';
value
1941
16,760
Profit
.
169,516,421
receiv,, net
sales of
Miscellaneous
Total
-
1,748
'
180,764,909
Depreciation^-—--—Y:v
$
.
etc.—
expenses,
Ended
1942
§$714,732
_Y__
%
Comparative Income Aceount Years, Ended
v'V
asset
district
as
*
"...
railway
9 Months
§$749,383
49,596
ry.
■■■'■'■
Divs.
124,411
income
from
Stores
&
of
exch.
1940
1—■
Net
.
Account,
expenses.::
bank loan.
$458,899
railway-—.—
from
—V.
1941
Jan.
Net
net
succeeded
1441.
$21,135,453,
From
this amount have been deducted Federal income and excess profit taxes
tions,
etcM
on
Net
1942.
$604,905
'
resulting
be
to
Governement
For
reserves
As
Sept. 30,
The
1.
as
of
merchan¬
becomes
that renegotiation has been completed, G. A. Rentschler, Presi¬
reports tQ stockholders as follows;
%
2.
profit
as
is
158, p.
realized for
substantially
value
company's national
change
General Machinery Corp.—Annual Report—
dent,
Ry.—Earnings$1,139,919
■
the
1943
on
registrar,
tee,
Int.
disc,
paid
Trans.,
and
Y
$1,431,618
..
date,
asset
debentures....
on
Taxes
per
oper.
From
Gross
railway
the net
The
Now
r
share.
per
income
on
Amort,
share
16, last year,
;;
1943
from
than
that
on
bonds
on
■
/
Other
Fort Worth & Denver City
taxed
be
the-net
Zipf
Barring
15 to holders of record
1416.
p
less
at
Income
Total
>
dividend
of like amount
extra
An
Nov.
on
Oct.
on
stock
stocks...—.,-.
on
Int.
directors
(after
value
: •?./
The company has .now
Fire Association of Philadelphia—Extra Dividend—
The
and
the
formerly manager of the company-a
was
office.
preferred
the
of Sept.- 30, 1943 were equal to $411.03 per share
The net asset value per share of common stock,
as
exercised
Y
Divs.
payment of its outstanding equipment obligations,
1942,
and'dividends
'/■
that
announces
in
giving effect to the possible exercise of the outstanding war$15.30 as compared with $14.96 as of June 30, 1943 and
of Dec. 31, 1942. If all warrants entitling holders to subscribe
Co.—Pays Equipments—
•
A.
Y'Yy';''Y.':.;,.'Y
-
the
on
appreciation
$6,766,507
was
as
common
had
1131.
Fifth Avenue Coach
John
Mr.
1932.—V.
-
/have been $14.76
158, p.
of
within
Zipf
Mr.
sales
by A. J. Danneker, former district representative in
a
regulated
all the net
from sale of
distributed,
and,
accordingly,
no
deduction
for
has been made
in computing the net assets
of
of preferred stock.
without
Aug.
on
Y:
is
amount
company.
531.50 per share.—V.
paid
$290,000
of
taxes)
company's election
to
it is intended that
be
The- net 'assets
■
:
the
interest
;
$1.75
dividends
Municipal
company,
securities
/
per
after
cost,
over
2, - last, and $3.50 on May 20, 1943, which
were
the
first
payments made on
this issue since Feb.
1,
1938.
Arrearages after payment of the current dividend will amount to
with
,
included in this
StateYatid
from
income
share
$3.50
months,
$7,811,149.'
of
investment
•
(The) Fair, Chicago—$3.50 Preferred Dividend—
on
160,641
-
30,
Federal
directors
$698,804
204,452
which
In
last,
1,
Aug.
1,1941
•
The
$700,657
district
Louis
President of General Foods Sales Co., Inc.,
appointment of J. E. Zipf as manager of a
the
14
sales division
effective Nov. 1.
The revised organization will be comprised of five instead of four
divisions.
They are the Eastern, Mideast, Midwest, Southern, ami
Western divisions.
Mr. Zipf will be in charge of the Midwest division,
which includes the company's Chicago, Minneapolis, Omaha, Kansas
City, and St. Louis district sales offices.
•
profit from fhe - sale of securities for the nine months ended
1943/after, taxes (except Federal income tax), was $328,422,
$324,462 was long term capital gains.
Net income from
dividends and interest,
for the period, after all expenses and taxes
(except Federal income tax), was $582,077.
770.
p.
$81,337
stock...,.:
Robbins,
Oct.
on
created
dising organization.
St.
Net
.
paid
was
Nov.
180,219
of Sept. 30, 1943 net assets of $26,306,014 applic¬
and common stock.
The increase in net assets
as
nine
securities
of
share has been declared on the
1 to holders of record Oct. 16.
per
142,073
common
preferred
was
deduction
Sept.
cents
the
to
stock/
Fairbanks Co.—10-Cent Common Dividend—
dividend of 10
12,953
f /,
Company reports
able
increasing the authorized,capital stock of
company from $250,000 to $300,000.—V. 155, p. 2094.
A
$879,023
/ -10,289
M.
announced
newly
General American Investors Co., Inc.—Earnings—
Vote On Increasing Capital Stock—
A
$842,730
$52,869
on
1277.
p.
Yv $94,290
...
declared
158,
re-
Excelsior Insurance Co. of N. Y., Syracuse, N. Y.—To
authorize
income
Net
$63,158
.
deductions.—— ...
Dividends
Y —V.
!_
income *
Gross
$6.33
common
William
'
$2,523,572
$4.01
Y....J......
share.
.
v
The
.
tracts
corporation reports that as a result'of renegotiation of conthe Federal Government, net profit for the year-1942 -was
with
reduced
ings
—V.
by $182,000^ or from $607,647 to $425,647.
from
$2.30
155, p, 824.
to- $1.61
per
'
share on
264,460
This reduces earn¬
shares outstanding.
1532
THE COMMERCIAL & FINANCIAL CHRONICLE
-:-W
General Motors Corp.—New Vice-President—
B. Babcock
Irving
ration.
has
He
-formed
GMC
been
Truck
elected
Coach
&
Vice
a
appointed
President
of
Manager
of
Comparative Balance
of
General
Division
V' *,
1441.
p.
has been
also
General
the
Assets—
corpo¬
Cash
Motors.—V./158,
Period—
>>'
■
—Jan. 1 to Sept. 30—
—V.
158,
1942
$43,950
_
$42,616
1943
Earnings for Six Months Ended June 30, 1943
after all charges——_____—_
common stock
income
—V.
$0.34
.
1347.
158, p.
The
directors,
amount
transfer
be
meeting held Oct. 7, 1943,
preferred stock is carried
a
the
from
an
of
$549,900 to
capital
surplus
from
the
individual accounts
the
affected
shown
as
the
on
dividend
Total
Capital
effect
sented
by
the
the
share.
per
"The
by
$1,359,000
9,450
15,750
$824,850
restatement
to
was
preferred
increase
the
from
$30
share
R.
Steinmetz,
of
the preferred
President,
the
stock
above
ing
is
Oct.
on
11,
of
capital
represented
namely,
$30 per
"This
the stock
stated
was
the books of the
on
corporation,
share.
restatement
of
preferred
stock
capital
does
affect
not
the
asset value of the preferred stock and will leave
unaltered the provi¬
sions of the preferred stock
respecting dividends, distribution on liquida¬
tion and payments on redemption.
"The
of
its
the
fcr
tenders,
the
as
hereby gives notice that it may purchase shares 1
stock, either on the open market or upon invitation
from
board of
under
the
ration
time
and
by
time
to
at
such prices and in such amounts
advisable and as may be permitted
Incorporation of the Corpo¬
directors may deem
provisions of
ferred
27,
sale
the Certificate of
will
1943
3
at
the
p.m.,
corporation
that
event
purchase
be
and
if
tenders
stated
as
accepted
series,
first,
exceed
below,
the
considering
to
necessary
the
the
exhaust
full
nearest
The
share.
receive
proposals
all
amount
tenders
at
difference
will
be
the
in
be
applied
lowest
yield
to
amount
to
be
of
prices
the
the
reserves
will
28,
"It
is
accepted pro
rata
of
the
of
to
reject,
proposals
of
its
market
preferred
intention
under
this
dividends
shares
the
the
stock,
$5,
par
distribution
and
Oct.
in
whole
tendered
of
stockholders
the
will
the
in
are
of
for
to
tenders.
corporation
in
or
part,
be
mailed
-
on
dividend
apply
not
that,
corporation
Certificate
when
shall
than
more
the
Great
$3,750,000,
and
50
cents per
payable Nov.
made
Federal
$6
dividend
4
158,
and
of
giving effect to such
preferred
stock
invitation
would
than
be
be
received)
the maximum
would
further
$75
will
the
preferred stock is the
that all tenders accepted
share,
per
be
will
amount
and
$31.62Va
if
Also,
shares
the
permit
same
as
value
on
the
on
could
the
and
in
30,
quent
under
purchases
date.
this
effect
stock
assets
order
an
to
that
committee
for
the
the
be
purchase
to
reduce
and
the
retirement
assets
shares
extent
acquired and
the involuntary
of
.share
of
accepted
the
to
to
the
benefit
of
the
at
last
less
or
from
company
effect.
but
preferred
that
The
64
the
securities
on
market
Sept.
30, 1943
pfd. stock
div,
bid
and
of
corporation
reduce
claims
of
liquidating value
The
of
the
New
per
of
cost
the
The
York
R.
60
will
Curb
value
was
of
assets
to
equal
was
asked
quoted
(no
deducting
assets
At
$126.93
value
of
$2,000,000
for
share.
since
the
the
the
not
purchase
York
been
first
of
this
stock
is
not
shares
during
President,
assets
30,
share
on
principal
preferred
June
per
of
the
-
Interest
Revenue
Total
from
and
and
lapsed
corporation
Expenses
the
at
•"''
..
establish
to
fund
a
to
has
year
and
Net
Divs.
30,
1943
of
any
preferred
of
31,
value
1942
was
this
was
for
the
equal,
the
was
to
per
After
balance
preferred
♦Net
and
from
>P"
~
stock
was
Ended
Sept.
30
:
options-.„__2___:"_____^__
1942
8 257
8^445
ROOD
\112
$92,736
34,707
34,894
$103,239
$57,842
1,776
___________________
_____________—
4,754
payable
security profits
losses.
91,269
f$38,181
under
...
cr
$53,088
86,573
$14,890
taxes
$101,463
fLoss.
152,
has
1742.
p.
announced
debentures
the
balance
3025.
p.
.
Land &
the sale
$1,200,000
11
w
will
with
the
suit
&
the
company's
18
be
past,
the
steel
install
but
the
corporation
two
26,750
distributing
had
of
under
greatly
now
enlarge
the
241,000
-
250,014
145,821
V
■
»
—
:—
7. $39,021
—:—;—?—
13,422
.
13,889
deducts.
$25,599
5,513
•
A
'
two-for-one
stock
by
9,000,000
the
its
in
process
and
is
,
-
■
of
$26,119
984.
; ;
-7—
$543,516
66,227
$299,729
The
1943—Month—1942
Operation
——
451,249
Maintenance
value,
April
'
15
ments
Oct.
of
each old
was
the
;.V
-
Balance
share
Balance
recommended
to
be
158,
for
1,865,100
Federal
1,151,924
1,152,876
Other
$268,503
$3,228,792
11,256
Dr69,784
Operating
Operating
$3,240,049
1,230,008
(W. F.)
profit
1,234,290
Net
Selling,
$1,425,073
and
expenses—
1942
$3,979,428
617,878
694,091
925,939
985,029
$2,020,657
________—
income
charges
for
121,819
188,211
———
income
taxes—
296,040
(824,000
723,000
.profits;:taX—27,000
Minority interest in net income of subs,
Net
co—_
Earnings
130,162
—________
$1,280,506
.485,446
485,446
share
$2.84: '
$3,30
'
Assets—Cash
in
banks
and
on
31, 1943
hand,
$1,081,632; marketable securi¬
inventories, $2,183,144:
equipment, $7,631,264;
charges, $112,515; total, $15,224,687.
ties, $3,062,856: accounts receivable, $1,734,325;
other assets, $318,952; real estate, plant and
deferred
Liabilities—Accounts pavable, $184,615; Federal
other taxes, $484,090; salaries and. wages,
090;
compensation
insurance,
income taxes, $933,$293,786; workmen's
etc., $4,487; sinking fund debenture payment
Sept. 25, 1943, $200,000; debentures, $1,950,000; reserves,
minority ifiterest in common stock and surplus of subsidiary
to be made on
$422,174;
$1.25.—V.
cents
share
per
stock,
par
1943.
15,
made
Pay¬
July
p.
290.
15
and
-
-
agreement
Issued
158,
under
share
preferred
New
which
for
stock
York
these
27,
Curb
voting
share
in
:
.
.
the
,
first
exchange
for
1348.
p.
1943—Month—1942
$607,057
195,609
123,312
161,058
$6,793,811
123,615
$7,050,992
2,045,706
1,174,090
973,422
91,088
88,385
58,300
733,300
$150,682
$175,699
Net
$2,206,453
(net)___
income
106
264
$150,788
$175,963
$2,211,140
applic. to
58,008
58,049
709,708
732,755
$117,914
$1,501,432
pfd.
$987,314
the
period
412,785
1133.
'
:
414,342
$1,088,647
:
p.
3,73:
:
$1,720,069
$92,780
stocks for
income
158,
666,700
$1,716.33
4,687
_______
deductions
etc.,
2,056,238
1,381,114
891,443
62,500
revenues.-
oper.
Gross
1943—12 Mos.—1942
$623,191
approp.
res.
$572,972
,
Illinois Bell Telephone
Period Ended Aug. 31—
Operating
revenues
Uncollectible, oper.
Net
rev.w
expenses
Co.—Earnings—
1943—Month—1942
1943—8 Mos.—1942
$10,087,213
$9,074,823 $79,063,913 $72,547,871
.16,219
23,040
124,512
196,435
7,011,195
6,596,589
54,479,532
51,446^420
^
.
—
oper.
Net
Net
revenues—
-
oper.
1,868,289
income
158, p.
$861,019
651,402
953,894
,
1133.
$2,455,194 $24,459,869 $20,905,016
1,594,175
14,883,257
12,970,780
$1,191,510
:
income
—V.
$3,059,799
taxes
$9,576,612
$7,934,236
7,656,262
6,264,793
•
,
The
trust
on
company will on Oct. 19 receive bids
certificates.
The issue is similar to
which
the
road
rejected the single bid of
by Halsey, Stuart & Co., Inc., on Aug. 30.
The
certificates
indebtedness
to
to
are
the
provide
RFC
rolling stock already in
and
use
on
are
funds
to
issue
an
the
for
retire
sold
the sytem.—V.
of
equipment
$15,000,000
98.0517
to
be
Equipment Issue—
on
a
2Vis
like
against
158,
p.
issue
on
submitted
amount
of
unencumbered
1348.
Illinois Iowa Power Co.—To Redeem
Bonds—
The
SEC
on
to
the
sale of
its
interests
and
Light Co.
,'30
Sept.
respect
use
of
Tne
issued
the
proceeds
in Des
an. order
Moines
total proceeds
received
Electric
was
■
;
on
no
were
15,
158,
representing
first
dealing on the
Illinois Central RR.—Asks Bid
per
75
preferred
distributions
•
161,973
$1,102,000
profit
dividends
at ameeting of the
principal office at
from
$2,488,519
86,313
—_
Federal
to
Co.—Earnings-
$2,300,308
$2,142,476
_________—
estimated
excess
the
shares,
on
registration
$lt.
Balance
$3,564,474
—_________
——
Provision
Federal
has
(par
taxes
Operating
Miscellaneous
28,
$1,147,935
1943
adminstrative
new
(& Subs.)—Annual Report
operations
profit
stock¬
value
financial organiza¬
terminated on Sept.
admitted
to
listing and
expenses-
Dividends
depreciation-^
general
Operating
Dec.
trust
revenues——;
Income
Inter.,
584,968
.
from
for
to
par
or
issued
$1,732,902
Hall Printing Co.
of
cumul.
$2,967,192
584,968
surplus——
$7
certificates
taxes
Other
$2,010,040
and
-
,
dividend
a
the
certificates.—V.
$3,036,976
Dr2,354
stock
of
the
increase
or
exchanged for two
Oct. ,8.. Similar
and
voting
stock
Prop, retir.
$164,024
common
8
would
nominal
as
against $2.50 on Jan.
follows:' Jan. 15, $2.50;
April
Period End. Aug. 31—
3,032,740
1133.
paid
on
suspended
were
Idaho Power
98,200
$218,813
p.
The
trust
' 105,280
102,125
Oct.
on
proposal
without
last,
as
been
Exchange
voting
678,616
$266,148
recently,
•
company's
15
each;
trust
certificates
1,584,890
requirements——,
dividend
Balance
—V.
trust
663,934
105,210
15,
were
have
Exchange,
1,637,435
$324,022
officials
largest real estate
Hoboken
1034.'-v.
of, record
cents
voting
65,021
20,752
—:
Oct.
on
July
1942
75
$1)
189,725
amortiz.—
and
the
result
Huyler's—Change in Listing—
The
.,133,650
net——
for
and
the
1943—12 Mos.—1942
$1,115,200 $14,293,719 $12,422;936
350,102
4,578,894
4,104,479
$303,271
revenues—
income,
and
.
in
60,128
.•
some¬
facilities
are
between
in
Land
for
necessary
lease
of
one
The
stock
p.
accumulations
holders
15,
388,481
taxes__
taxes
of
to
137,652
income
Preferred
company
account
preferred
$1,446,061
Lackawanna
•
-
.
not
The
,
a
Eethlehem
Hutchins Investing
Corp.—Accumulated Dividend—
$365,957
'i,:
•
Co.—Earnings—
the
other
Hoboken
repair
and
177,559
$345,291
com¬
to
into
4470.
p.
directors.
shares
Houston, Texas.—V. 158,
158,844
———r
$411,447
66,156
the
became
otherwise changing the
capital structure
the company. The
proposal will be voted
stockholders called for Nov. 22. at the
199,628
,
5,513
former
ship
sale
136,
split-up
board
18,000,000 shares,
but
213,333
':€ $581,256
:.
169,809
$31,632
-fv'.
to
purchasing
it
consummated
concluded.—V.
present
:
7 208,140
;
671.163
''—rr—-—rr
$45,521
J.,
certain
sold
from
are
This
been
been
Split-Up—
157, p. 1943.
*
N.
entered
for
property
of
has
company
has
Corp.
effort
war
sometime
has
this
lease
they
the
have
for
that
holders
-
18,750 V
$20,086
oper.
fall
after
Humble Oil & Refining Co.—To Vote On
2-for-l Stock
any
64,886
; •
revenues.—
Other
pay
before
Ferry.
drydocks.-
which
companies
announcement
1943—12 Mos —1942
i
Period Ended Aug. 31—
Net
lot
shortly
in Hoboken,
Steel
The
■
property
to
super
negotiations
the
1,318,753
Operating
Other
bv
called
time
same
immediately south
has
because
several
transactions
$2,642,214
pfd. stocks--—
Federal
called
be
that
property
the
Bethlehem
Street
Steel
Improvement Co.
its
at
property.
acres,
Fourteenth
Bethlehem
of
and
,
restrained
•
"
•
land
The
at
1,565,610
taxes_-
••
p.
arrangements
'
announces
portion
a
lease
term
Railroad
to
tendered
$3,454,865
income
158,
that
Improvement Co.—Sells A Portion
President,
of
Corp.
a
6 538
$137,946
and
City—Tenders—
157,
financing to provide the funds to
sinking fund gold debentures which
these
and
Steel
of
108,296
Gulf States Utilities
Other
$77 828
year
1944.—V.
Operating
8,511
indenture
of
of
share.
$119,990
income
♦Exclusive
of
stockholder's
tenders
any
75,303
Total
stocks
—
interest
con¬
preferred
a
of
per
new
of
Bethlehem
.
$237,452
Balance
stock
$124.40
preferred
$69.72
—__________
debenture
.
174,011
amortiz.—L
other
on
—V.
tender."
$4,280,247
debentures,
Balance
Debenture
pleted
(par
been
on
1,
Part
this
approximates
$315,086
income
Provision
—
—_______
taxes, and
of Its Property—-
similar
approval
stock
accept
Consolidated Balance Sheet, March
Taxes
York
below.—V.
President,
for
1944.
Hoboken
.:,,;
•
offered
1943—Month—1942
_
Gross
notes_____,_
___—_—__
Corp.
15-year 6Vs7e
Kelley. Graham,
Co.—Earnings—
expenses—
profits
exc.
Gross
On
Curb
.
outstanding
asset
Dec.
on
_____
Balance
A
..
and
Court's
in settlement of the suit—V.
income taxes„__
Common
______
of
—V.
its
period
dividends
bonds
on
25.
,/
,
Federal
Years Ended March 31—
states:
Sept.
amount
stock
1943
dividends
stock
1,
end
common
reported).
traded
1943
cash
Feb.
Jan.
25, last, and on Feb. 27
■
Income
Taxable
Oct.
the
the
to
share.
per
New
having
Comparative Income Statement, 9 Months
?
Fed.
stock¬
common
applicable
$124.40
on
sales
preferred
Exchange
Steinmetz,
market
on
thereof
Report for September Quarter—
Norman
due
company.
its
$100
excess
the
over
pre¬
by
against
exchange.
corporation
the
the
range of this stock
The $5.50 dividend
30.
to
at
$6
58l/e
price
"The
stated,
stock
date
Exchange
[The
•
—
Operating
Interest
above
record
....
the
(.'"A V-
offered
was
a
accepting
■
plan
Davison,
long
•
December
share,
a
Gulf Power
less
Certificate
shares
remaining preferred and
holders.
"As
of
the
plus the undeclared cumulative dividends.
underlying net asset value of shares so purchased
accrues
the
this
of
for
reserve
(N. J.) Rug Co.—New Financing—
completed
company's
the
Co.—-Stock Purchases Plan Ap¬
had*-asked
Period Ended Aug. 31—
Gross revenues
'
of
will
paid
to
of
declared
March
-on
'
Depreciation
amount
has been
of
use
payment
ferred
by
amount
■
"The
$200;
tion of
1943,
price
expended under
and
limitation
assets
any
balance of the $400,000
invitation, or of any further sums, for subse¬
preferred stock, whether under further invitations
for tenders or on the
open market, only when the asset value
applicable
to the preferred stock at
the time
outstanding does not and will not
after
giving effect to such purchases exceed $100
per
share plus
accrued and unpaid dividends to
the last regular dividend
unexpended
financed
been
the
John Knight at Buffalo,* N. Y.,/on Oct. 5 orally
compromise plan whereby the company will offer to buy its
stock at prices up to $145 a share and directed
attorneys
company
The
maximum
be
$225,000,
of
Sept.
the
at
were
tendered
are
above
the
market
that
approximately
reduced
share.
per
Incorporation
estate,
Broadway Realty
Herbert.
have
Judge
assets.
purchases,
stock.
the
assuming
$75
real
,
$4. cumulative
Square Building, New
1350
C.
factory in the South
390.
permitting the company
purchase the preferred stock.]
Int.
this
be
holders
to
p.
plan
on
to
tire
new
purchase
day
proposals
$82,422; salaries and wages accrued,
$101,496; reserve for distribution
6V* %. first preferred stock remaining
victory bond account,
$582;
deposit
of
employees'
Street
$9,000;
(less
accrued,
shares
$620;
Windsor
Herald
See
a
draw
Federal
applicable
share
Lakes Transit
stockholders'
Accordingly, unless the market value
of
assets of the corporation should
decline, the total amount which
can be applied may be
substantially less than $400,000.
For example,
assuming that at the close of business Oct. 27, 1943 (the
last
which
a
will
this issue
on
proved—
preferred
not
per
preferred
and
20
on
Hightstown
1942.—-V.
Deprec. and
the
on
of
time
assets
$100
payable,
payable
fixtures
prior preference stock
(no
par),
$709,250; $3 non-cumulative preference stock (no
par), $283,700; 6V2%
cumulative first preferred stock
(par $100), $2,000; common stock (no
par), $213,830; surplus, $337,650; total, $1,746,432.—V.
158, p. 771.
'
is callable at $105 a share.
Mr.
call this stock for redemption prior
a
result, this stock will not be entitled
call date has been set yet for the re¬
As
General taxes
of
634
tingencies,
tube
shares
taxes
dividend
on
C.
$100
amounted
$34.50
$5.50
21,963
accounts
unconverted,
facilities.
of
outstanding
and
Lamperti has been named Secretary and Controller, succeed¬
ing M. E. Wagner, who has resigned.
Mr. Lamperti has been with
Graybar for 23 years.—V. 152, p. 2553.
'
preferred
says:
However,
provides
arrears,
the
stock if, after
preferred
further
corporation
invitation
of
value
excess
tire
new
which
is planning to build
was
30,
to
in
a
conversion
had
company
stock,
meeting.
of
applicable to the preferred stock would
share plus accrued and unpaid dividends
to
the. last
regular dividend payment date.
As of Sept.
30, 1943,
such market value was
$124.40, while accrued and unpaid dividends
at Aug.
1, 1943 (the last regular dividend - payment date)
be
i
for post-war
of
1943
Journal").-;
dividend
The
Incorporation
stock
construction
June 30,
$10,997; land, buildings, equipment and
$1,206,991), $800,195; total, $1,746,432.
of
$5,682;
and
Balance Sheet,
and in banks, $86,253; U. S.
Treasury notes
receivable, $36,155; accounts receivable, $3,738;
receivable, $3,581;
inventories, $795,493;
de¬
notes
Liabilities—Accounts
To Pay a Dividend of 50 Cents
per Share on Common
A
the
to
-
rejections
or
to
the
$400,000
19
Street
approved
1943.
notice
finance
funds
1942,
about
cost
("Wall
to
right
tenders.
Acceptances
The
help
preferred
company
any
-
Oct.
a
amounted
expenses
the company planned to
Nov.
The
two
applied,
1
corporation
and
total
the
remaining tenders at identical prices
any
will
it, for retirement, of shares of its two series of
pre¬
Proposals should be addressed to the
corporation, 90
New York 4, N. Y.
the
authorize
of
stock.
the
to
Graybar Electric Co.—New Sec.-Controller—
to
St.,
In
to
19
and
charges,
reserves
that will employ around
1,000 and have a capacity for making between
2,500 and 3,500 passenger car tires daily, it is understood.'
While the exact location has not
yet been decided, it is understood
the company is considering
building the new plant in Waco, Texas. It
A.
Broad
ferred
sales
hand
on
C, $10,020;
miscellaneous
law."
Oct.
the
series
be held Nov.
71,025
Condensed
New Factory—
Makes Invitation for Tenders—
Until
for
to
30,
6?r
paid
„
$5,026,300
to vote at the meeting.
No
demption of the present preferred stock.
corporation
preferred
Nov.
par
dividends
Assets—Cash
to provide
OiNeil said
$140,477
to
permit the corporation again to purchase
preferred stock for retirement.
Prior to this restatement
the
corporation was prohibited under existing state laws and
the
provisions of
the
Certificate
of
Incorporation from purchasing its
preferred stock out of capital at a price per share in excess of the
at which
of
As
stated:
the
$4,739,501
Corp., according to a Cleveland, O., news dispatch.
of the issue will be used to redeem
present outstanding
stock,
plant and
shares of its
amount
Cleveland
81,744
income
to $52,880.
shares of $100 par value preferred
stock, accord¬
O'Neil,
President.
Preliminary negotiations- on the
been carried on with Kidder,
Peabody & Co. and the
have
10,827
.
$222,221;
Note—Depreciation charged to cost of
jDr20,066
65,000
Will'am
to
The proceeds
to
restatement
of
issue
new
—__________________
Dr89,442
Proposed—To Redeem Present Issue—
financing
$100
$75
to
Net
Cash,
.
—.___
special stockholders' meeting will
stock
preferred
per
..."
purpose
A
repre¬
capital
dividend
$6
stock
66,989
2,058,898
'7''7^7:
First
dividend
retirement
164,126
$211,395
6,300
.
290.
p.
♦preferred
$1,234,082
563,700
'
General Tire & Rubber Co.—New Issue of Preferred
$1,374,750
$824,850
for
$375,521
Income before Pedcral income,
taxes^—
Provision for Federal income taxes_,
2,058,932
—,
purchased
$15,-
Year Ended June 30, 1943
i
profit
:___
Other Income (less deductions)---
66,989
»
Amt. After
Cap. Surpl, Restatement
stock
158,
2,369,000
6,300
par)
Total
—V.
:._i—_VV
2,000,000
surplus
Preferred
corporation
$549,900
\
Norman
Earned
2,391
225
1953
_
—;
total,
..Operating
______
——543,600
cents
treasury, Dr$153,485;
operating profit
Expenses
Br691
surplus
this
$815,400
outstanding shares of the
$5.50
By
(10
in
33,769
25,000
series
stock
and held
1278.
p.
Condensed Income Account,
Gross
33,769
158,
(The) Hartman Tobacco Co.—Earnings—
34,762
—1,111
due
224,687.—V.
-
•
•
57c
series—
Capital
the
6,300
stock
the
the
Amt. Tr. from
$2,058,932
of
of
•
dividend
'«
*
accrued-——J—
debentures,
$5.50
-
_____
credits
the
the
$543,600
stock_
surplus
The
and
stock
preferred
preferred
of
by
account.
books
Restatement
dividend preferred
restate
books
____
accrued
Stock
Name of Account
$5.50
to
the
$1,374,750,
below':
Amt. Before
$6
voted
on
of
aggregate
$824,850
restatement,
will
at
which
at
corporation
payable
interest
dividend
$5,026,300
in
shares acquired
1,541
4,266
Convertible
$6
•
as
indenture
; common
12,357
1.541
—
dividends
Common
General Public Service Corp.—Stated Value of Preferred Stock Increased from $30 to $75 Per Share—
•
.
-
(restricted
_______
10,837
(par $10), $4,000,000; capital
surplus,; $979,876; surplus earned since.April 1,
1936
to payment, of cash, dividends by
terms, of debenture
the
amount of
$4,524,203), $5,490,590; cost of 11,643
and-paid-in
674,312
2,632
'■
'
•
Unadjusted
$119,009
.254,459
________
"<
.
.
$4,739,501
'
.
Taxes
Outstanding shares of
Earnings per share
sold______^_
receivable..—_
—
Debenture
company, $435,464; capital stock, common
.
,1,,- 19.7,901
securities
interest
V
Sept. 30, '43 Dec. 31, 42
$4,526,588
$4,338,090
-
(less allow, for deprec.)
payable
Preferred
Net
for
__
Accounts
Globe-Wernicke* Co.—Earnings—
'
—#
hand_____
on
accrued
Liabilities—
1347.
p.
and
equipment
Total
$1,346,406
and
receivable
Sheet
J.'JH;
_____
1942
$1,506,710
7\.W
—:
banks
Dividends
Office
9 Days End. Sept. 30
..
1943
revenues
in
Accounts
:;'!•_::r:f^^
Georgia & Florida RR.—Earnings—
Operating
:■
.
Investments
newly
the
Monday, October 18, 1943
r
■
releasing) jurisdiction
by the
$15,220,000.
and
with
from the
Iowa Power
company
Light Co.
;
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4221
158
1533
i
to its original declara¬
provisions of its first
1023, proceeds have been,
Harris Trust and Savings Bank as corporate trustee
under the mortgage, and (bi
that Illinois Iowa Power Co/ now desires
to exercise its option, under the provisions of the said mortgage, to
apply the aforesaid proceeds together with necessary current cash to
the
redemption of all
($15,827,400)
its outstanding series B 5Vi'h
first and refunding mortgage bonds, due Dec, 1, 1954, which bonds are
callable at 105 upon 60 days' notice prior to Dec, 1,
1943.—V. 158,
Illinois
tion
Power
Iowa
stating
refunding
deposited with
filed
Co,
that
la)
and
in
1473.
P.
'
■■
of
secured
was
The
has
corporation
Production
Board
production
this
just
Increase Output—
by
ordered
been
expand
Cleveland
its
Rivitz's
Mr.
the
of
program
aircraft,
on
announcement
I
Rubber
Office
Director's
transports and
trucks,
:
closely
follows
for
of
approximately
9,000.000 pounds
Hiram S. Rivilz, rresident, announced Oct. G.
1
This, is part of the
provide tires for service
artillery, ■
from the War
the additional
rayon
tire yarn,
directive
plant
motorized
v.,
-/:■•
to
'
the
manufacture
of
tire
cord
This
fabric.
and
—V.
by the. War Production Board late last
year.
brings the total rayon tire yarn production of
to
20.000,000
"The
pounds.
will
bring
the
directive
new
Cleveland
the
158,
than
more
$1,064,000
$13,000,000 of
first
is only
total debt now
publicly
represents
tire
company's
Expenses
planned
to
the refunding
announce
(Geo. E.) Keith Co.—-Removed from Unlisted Trading
Privileges—
The
1%
unlisted
The
12,
first
trading
plan
1943,-
of
stock
privileges
the
under
Net
operating income.—
operating income
chgs. bef.
oper.
1942
21,193
Holders
Dividends
paid
—
...
earnings
share
per
Assets—
in
Other
in
30,
and
Total
1943
hand
on
1942
3
:
stock
Capital
surplus-:—
$1)
Undistributed
:
—3,664,051
693,626
income
operating
in
1943
and
in
100
International
1942.—V.
158,
Dr611
$4,339,849
Court
Suspends SEC Order Enforcing Liquidation—
tion
Federal
of
issued
the
District
took
Boston
at
exclusive
over
jurisdic¬
Oct. 11 and suspended enforcement of an order
July 2, 1942, requiring its liquidation and disso¬
system
by the SEC
Court
on
Ford
issued
decree,
the
which
its
action.
Special Counsel
Judge
Ford
action
to
System
investigate
to
be
Bartholomew
taken
with
by
respect
International
Paper
A.
Brickley, Boston, was appointed by
submit recommendations
concerning
and
the
to
and
court
stock
two
Co.—V.
158.
International
the
holders'
suits
against
the
has
corporation
Defense Plant Corp.
been
Chemical Corp.—Contract—
awarded
contract
$1,200,000
a
to build a plant in Ohio.—V. 158, p.
International
dividend
stock,
no
Products
25
50
cents
by
the
1278.
Corp.—50-Cent Distribution—
share has been
per
value, payable Dec.
par
with
compares
and
of
cents
25
cents
June
on
1,
June
on
declared on the common
record Nov. 15. This
to holders of
1
last,
1,
1942.—V.
158,
to
Investor's
of
Syndicate,
was
injunction
50
cents
Dec.
on
15,
1942,
1134.
p.
assets
on
81,090
36,425
98,500
$721,622
$696,566
$761,918
36,078
14,823
67,449
retire—
583,796
674,540
534,589
—
$101,748
$7,202
$159,880
127,961
and
266,503
at
30, 1943, are equal to $22.66 a share • against
1943 and to $16.48 on Sept. 30, 1942.—V. 158,
1134.
p.
of '87Va
81 V\
all
declared
cents
share
per
on
made in each of
the 6'/c
the 33
accumulations
cumulative preferred stock,
Similar
preceding quarters.—V. 158,
distributions
Stack
Assistant
has been
Treasurer
elected
of
the
Second Vice-President.
a
since
company
Balance
$72,955;
(less
of
; The
February,
86,078
20,500
stock,
29,726
13,548
with
$127,961
stock,
have
par
He
has
been
to
for
reserve
contingency
of
total,
accrued
dividend
a
compares
with
Oct.
21,
and
40
70
cents
cents
paid
on
Oct.
on
60
of
Oct.
cents
24,
last
1940.—V.
24,
of
surplus earned..
$138,453
Consolidated Balance
Assets—Cash,
and
$8,674;
(expenditures
cash
$86,958;
employees,
leases,
of
Railway
Motor
All
pass,
bus
Trolley
other
Total
1943—Month—1942
share
per
on
80
year,
157,
the
15.
cents
$5,072;
$27,708;
properties,
$1,586,300;
notes
and
drilling
(service
plant
and
deferred charges,
$16,163;
oil
crude
in
others),
of¬
on
process
$188,155;
U. S. treasury
insurance),
(less
equipment
from
contracts
for
contracts
and
$6,646;
$97,727;
life insurance, $48,096;
deposits
due
$180,204;
receivable,
supplies,
incomplete
on
surrender value of
for
730.
p.
other
tax cer¬
other assets,
$2,923;
of
reserves
(banks),
revenue
,$4,186,407
$2,954,182
205,615
2,241,801
1,518,614
118,060
,1,221,783
15,131
11,380
115,994
$751,342
$7,765,985
ixed
4,283,945
$264,132
$3,482,040
$1,702,537
27,277
18,505
309,777
148.460
(social
487,210
548,266
(general)
charges
85,348
$443,692
Bal. after oper. costs.
Taxes
864,932
.
$5,423,076
3,720,540
Operating costs
Taxes
1943—8 Mos.—1942
$991,958
—
security).
——;
7,354
6,452
12,050
20.332
74.454
70,301
58,044
earned
held
in
surplus,
class B
stock
common
capital
$138,453;
treasury, $72,591;
surplus,
total, $2,257,569.—V.
•Reserve:
—
Lake
16,
/Payments
for
com¬
com¬
$2,526;
of
cost
stock
•For
To
567,684
1,298,200
The
Kansas
$132,557
—
income
taxes,
$148,542
participation
employees'
Net
Mines, Ltd.—Earnings-
City
is
banks
reported
acquire
in
U.
subsidiary). $3,701;
withheld
from
Ltd.—
$44,152
$45,438
taxes.
15,571
have
made
balance
Federal
capital stock reacquired
Dr$38,450; total, $7,155,876.—V.
share
holders
to
1
has
of
been
Aug. 15,
on
declared
record
Sept. 1, last, 15 cents
Oct.
on
of
$2
share
per
and
157,
This
common
compares
1942, 20 cents
1942.—V. 158, p. 1071.
recently
was
the
on
20.
Dec. 29,
Dividend—
declared
of
account
on
1942
were
follows:
as
Jan.
$2;
16,
March
30,
$2.50;
and
194.
p.
Los
of
this
for
sible
the
Steel
Angeles
Because
$29,983
30,000
its
30,000
the
with
its
the
of
this
the
option
of
of
this
had
was
accepted,
accomplish¬
was
respon¬
the
Con¬
letter
to
of
the
only
said.—V.
company
the
under
the
Presidential
a
to
over
approaching
was
gave
22,
condemned
of
turned
July
on
the
four
of the corporation
sale
Corp.
the
property
be
option
the
Steel
Navy,
issuance
company
the
for
area
its
the
or
the
Consolidated
the
having
domain,
operation
in
and
contracts
stockholders.
dissatisfaction,
corporation
management
Government
corporation's physical properties to
Ltd., for $1,350,000, according to a
Corp.,
eminent
offer
Navy
under
the
of
Shipbuilding Company
corporation
of
of
company
sale
or
a
firm
152,
order
Navy.
shipbuilding
management
interested,
15,455
$28,580
p.
and
286/1.
Louisiana Power & Light Co.—Earnings—
Period Ended Aug. 31—
1943—12 Mos.—1942
19.43—Month—1942
payable (including $3,241 owed to partly owned
for taxes and other expenses, $1,600; taxes
stock,
158, p. 291.
revenues.™
$1,108,383
$860,761
$11,210,163
$10,606,347
Operating
31, 1943
S.
expenses....
586,560
425,251
5,706,560
5,715,335
207.928
159,507
1,042,709
1,332,412
62,784
60,247
783,030
695,223
approp.
82,854
79,250
1,308,606
971,341
revenues..
$168,257
$136,506
$1,892,036
$1,906,751
Federal
Other
salaries,
$600,000;
earned
unclaimed
$155;
surplus,
dividends,
total,
$35,077;
$4,452;
$644,985.—
,.4-; :
\
taxes
Net
res.
oper.
.Other
income
Inter.,
etc.,
Net
652
$168,090
$137,158
$2,386,454
>
....
deductions
income
Dividends
Or 167
$2,369,258
17,196
(net).
income:
Gross
:
V
taxes
Prop, retir,
reserve
employees'
capital
79,605
applic. to
pfd.
79,430
$88,485
...
$57,728
stocks for
the
$1,085,760
and
$756,679
contingencies.
arrangements
of
debt
owing
to
have
the
two
Recon¬
14,715
950,291
period
955.311
$1,436,163
$951,440
356,532
356,532
$1,079,631
$594,908
Kobe, Inc.—Pays 30-Cent Accrued Dividend—
The
corporation
of
account
on
holders
1
$1.50
per
Oct.
on
Balance
1
paid
accumulations
of
and
record
July
1,
Sept.
last.
on
dividend of 30 cents per share
Q%
preferred A stock, par $20,
a
the
Similar
20.
Arrearages
share.—V.: 157,
as
distributions
of Oct.
1,
made
were
1943
-V.
(S. S.)
amounted to
Sales
for
Sept. 30—
1943—Month—1942
Sales;
--------
Of
the
723
year,
661
were
671 American
16,424,150
_
stores
in
in
the
and
62
operation
United
C.
A.
same
1943—9 Mos.-*-1942
$
of
to
Kresge Co.—September Sales Up 2.3%—
Period End.
V.
the
and
Canadian stores
a
end
62
of
year
of
September
in
were
.
-Period End. Sept. 30—
Canada,
$9,380,127
158,
1172.
p.
fiscal
ended
year
with
1943—9 Mos.—1942
1943
Federal
all charges but
for-taxes—
prov.
and
State
■
year
cents
Dec.
on
extra
2,
1
of
holders
of
the
on
to
of
share
per
Nov.
158,
the
net
$192,635
$170,967
161,625
107,321
68,912
$185,387
$85,314
McMarmac
Note—No liability
for
of
1,,
common
excess
$0.34
$0.40
Ltd.—$1.11
profits is indicated.—V. 158,
1943—Month—1942
$2,536,156
Extra
Div.—
record
has
Nov.
1.
also
been
extra
An
of
declared, payable Jan. 3
like amount was paid on
:
Gold Mines, Ltd.—Ann. Report
Year End.
;
p.
Year End.
Operating
1348.
income
from
To*al
1943—9 Mos—1942
$2,087,775 $21,253,436 $16,582,968
Deferred
for
1,504
855
12,222
17,301
9.313
$472,166
$241,213
•/
2,515
180
64
293
117
87.
$350,487
$472,463
$241,364
238,968
253.750
123,657
11,666
—...
buildings—
25,816
written
off—
23,014
mining
Ontario
$253,898
1,541
—...—
plant and
development
Provision
4,803
1,240
(mine)
income
Depreciation,
3,537
.
.....
investments
income
$495,774
$348,654
Shipping and marketing bullion.
Handling and loading concentrates.
Shipping and marketing concentrates
Income
6 Mos. End.
Apr. 30,'42 Apr. C0,'41
$365,652
Sundry
stock.
Inc.—September Sales Up 21.5%—
Period End. Sept. 30—
Sales
20%-
674.
p.
Red Lake
Expenditure expenses
Lane Bryant,
than
regular quarterly dividend of 55Vz
par $5, payable in Canadian
"Revenue
$102,054
$0.74
taxes
income
250,000 shares
more
stock,
common
holders
$1.11
record
1943.—V.
Mines,
declared
have
share
per
funds
Jan.
Porcupine
directors
Apr. 30,43
1941
1942
$347,012
share
per
the
income
were
the previous fiscal year, according
Earnings should be approximately the
when net profit of $434,695 was reported, he said.—
President.
2451.
Mclntyre
v.w
profit after
before
Up—
$9,598,875 $83,994,914 $77,236,743
6 Months Ended July 31—
Consol.
August
$18,992,675 volume of
McCord,
p.
The
to
.
.
the
last
as
157,
the
against
earlier.—V. 158, p. 1071.
1943—Month—1942
Sales
the
$
$
16,055,146 139,203,974 132,111,750
at
States
986.
p.
McCord Radiator & Mfg. Co.—Sales
1363.
p.
158,
on
ahead
tax..
2,702
Provision for taxes
.
11,506
5,873
TT,606
9.307
——;
New Treasurer Elected—
Net profit
Irving J. Shapiro has been elected Treasurer.
The office of Presi¬
dent, which has been vacant since the resignation of Raphael B. Malsin,r
has
not
been filled.—V.
158, p.
Assets—Cash
call
stockholders
up
a
at a special meeting last week approved
pension plan for officers and employees.
the
pro¬
Discussing the plan, which supplements the Federal Social Security
by providing benefits with respect to salaries above $3,000 at a
Act
equal
to
that
established
by the
for period—.——
Balance
1172.
Lee Rubber & Tire Corp.—-Pension Plan Approved—
Garthwaite,
the
for
reserve
development costs, $510,$430,161; capital stock ($5 par),
Los Angeles Shipbuilding & Drydock Corp.—Sale—
contract.
1942
banks, $35,844; amount receivable from wholly
owned subsidiary, $1,600;
amount receivable from partly owned sub¬
sidiary, $175; investment in wholly owned subsidiary, K. L. Corp.
(Del.), 600,000 shares, $158,026; investments in partly owned sub¬
sidiaries, $449,017; prepaid expenses, $324; total, $644,985.
rate
to
$519,876;
$1,470,770;
shares),
1942, and 15 cents
in
concerns
1943
profit for year.;
paid
Asseis—Cash
The
Pay RFC Debt—
company
trade accounts payable,
$800,000;
contingencies,
cents per
30
Dissatisfaction
law
1417.
179.636
608,031
190,000
—
income
trade
post-war
July 21 and Oct. 19, $2 each.—V. 158,
(par $1), $410,-
156, p.
Dividends
posal to set
Net
trademarks,
accumulations on the 67r cumul. preferred stock, par $100, payable
Sept. 30 to holders of record Sept. 20. A similar distr'bution was made
on
July 12. last, as against $1.50 each on Feb. 1 and April 15, 1943.
The
Kerr
Year Ended Aug. 31—
*
/
Dividends from Rimu Gold Dredging Co.,
Administrative and general expense and
50,077
122,228
"*
epreclation
for
$3,539,250;
prepaid
fixed assets (less re¬
$1,269,007;
etc.,
expenses,
surplus,
Nov.
dividend
A
total, $2,257,569.
taxes
$5), $1,231,425;
(par
000;
•On
$416,287
revenue-
Govern¬
reserves
sundry debtors,
$2,281,101),
payable, other, $27,056; due to affiliated
$19,398; contractual obligations, contingent, $8,649; class A
stock
mon
of
payable
solidated
accrued
Consolidated
154,538
rev—.
(less
$947,649;
$154,908;
(net),
reserve
(3,300
20 cents paid on
ments
•Earnings
287,057
rev
pass
1943
$990,542;
$452,197),
$1,433,382),
payable
taxes,
earned
dividend
payable, bank, $67,500; notes payable, trade, $20,400; notes payable, other, $39,000; accounts payable, $289,370; dividends
payable, $20,576; accrued payrolls payable, $29,705; accrued interest
payable, $2,728; accrued Federal and State income taxes, current year,
on-
$535,231
rev
pass,
bus
30,
receivable
Lit Brothers, Philadelphia—Accumulated
Sheet, June 30, 1943
receivable,
accounts
$2,944;
materials
tificate,
157,
>. Kansas City Public Service Co.—Earnings—
Period End. Aug. 31—
$0.76'
$7,155,876,
$850,000;
treasury
Nov.
on
Balance
—V.
Dividend
$2.50, payable Oct. 22 to holders of record Oct.
This
1941,
declared
400.000.
$1.92
;
$266,503
Addition
A
An
1934.—V.
Naumburg Corp.—To Pay 60-Cent
directors
.
400,000
hand,
on
$89,420),
reserve
investments
$1;
1
common
.
v
June
and
accounts
discounts
and
Sheet,
deposit
trade
(G.) Krueger Brewing Co. (& Subs.)—Earnings—
Jonas &
.
.
demand
on
817.
p.
$1.62
Line Material Co.—To Pay 30-Cent Dividend—
$386,628
85,267
193.
p.
John Hancock Mutual Life Insurance Co.—Promotion
Lee P.
400,000
$1.94
depreciation
taxes,
in
30,750
(S. II.) Kress & Co.—Sept. Sales Down 2.3%—
an
$106,004
$304,354
1560.
p.
$273,705
series B,
cumulative preferred stock, series C,.
payable Oct. 20 to holders of record Sept. 30.
were
of
account
on
cumulative preferred stock, series A,
6V2%
$143,546
outstg.
accounts
$2,000,000;
10,233
$
dividends
cents per share on the 7 <ic
cents per share on the
75
and
have
198.350
$13,462
400,000
reserve
81,023
■
directors
626,815
226,748
000;
com.
Iowa Electric Light & Power Co.—Accrued Dividends
The
,634,720
share—
etc.,
income
com.
April
Sept.
31,
$770,361
$222,658
Liabilities—Notes
A
suit
brought by the SEC against Investor's
postponed Oct. 4 until Oct. 18.—V. 158. p. 1035.
Aug.
...
$648,182
555,380
$43,376;
B
to
Net
250.000
;
for
names,
class
V.
Investment Company of America—Net Assets—
$22.14
14,322-
.......
$778,038
expenses,
399,554
class
Syndicate—Injunction Case Set for Oct. 18—
the
costs
inventories
$663,417
surplus
surplus..
.
Trial
250,576
de¬
$138,187;
534.352
and retire.™
Liabilities—Accounts
A
117,817
Operating
'
The
$10,829
$1,062,971
.$660,141
Balance Sheet, Aug.
International Minerals &
121,285
$1,194,493
on
Hydro-Electric
pending
oper.
—
and
doubtful
772.
p.
35,009
159.583
1941
the
permits
possession of its assets and continue opera¬
through its directors and officers pending future
business
97,300
;
366,042
1942
on
to retain
company
of
court
W.
276,325
5,250
216,453
inven.
securities,
declared
-
holding
tion
J.
473,380
23,700
153,300
'
deducting $10,919,754
1941
directing
Francis
826,300
,
Consolidated
960,399
retire.
—
lution.
Judge
taxes..
$578,243
in 1943. $9,697,488 in 1942, $7,253,693
$3,867,889 in 1940 for cost of goods sold, selling/ general
and administrative expenses.
INet profit from operations of Canadian
subsidiary companies and also in 1941 gain on exchange conversions.
§Loss.
in
declared
pany,
The
$591,916
for
per
$23,373;
System—Federal
Hydro-Electric
$1,394,910
$5)
•After
Liabilities—Notes
192,
p.
$1,354,095
Assets—Cash
$640,532
and
—.
for reserves
—;
Dr2,439
Treasury.
$4,824,138
*300
/■
686,719
—
Total
and retire.
res.
res.
res.
earned
Total
$499,800
3,153,941-
$468,900
————
$2,260,629
common
(par
Dividends
ficers
(par
13.673
—...
',
Earnings
ment
L
$1,600,931
,
income
Previous
$4,339,849
$4,884,138
—
32,812
post-war
Surplus
held
Net
92,503
31,088
_.—
.*
preferred
prior
$4,247,346
$4,793,047
_
assets.
$1,362,098
profit
Dividends
'
Capital
in
$0.21
1
'
—
Liabilities—
$686,719
1943.
portfolio—.——..:
banks
miscellaneous
•Shares,
Sept.
>
Securities
Cash
Sheet,
first
exchange for each share of
share of $5 cumulative prior
one
income.—
income
Gross inc. bef.
.
26,080
50,260
,
Balance
_
44,764
Common dividends J,
July
7%
the
in
$763,059
—,
Balance
Net
before
Other deductions
28,658
47,390
,
.
$1,309,331
tax—
res.
$613,519;
$110,151
652,908
$0.22
Stock;
Treasury
of
$229,709
inc.
Oper.
Other
$693,626
cancelled
11,976
—
velopment
Net
serves
$769,674
——-
_
of
operating
gross
Provision
Total
Portion
34,950
12,737
June 30. '40
46,477
foreign
for
Shares
York Curb Exchange.
24, 1943, as amended
(par $100),- one
share of $2 junior
and $4 in cash.—V. 157, p. 2349.
(par $10),
Total
$108,112
661,563
—-—
_
for
Prov.
72,613
x
$2,214,152
income
Frov.
$613,193
77,309
—....
profits
taxes
from
$1,434,711
78,878
———
Prof,
from
removed
been
May
receive,
plan,
has
$100)
operative.
entitled to
are
stock
dated
declared
been
(par
the New
on
reorganization
has
preferred stock
stock
deposited
stock
preferred
Earnings, Years Ended June 30
21), 748
Undistributed
Federal
Other
1941
$1,398,616
— —
income
Excess
6 Mos. Ended
1942
$2,305,767
——
income
Total
operation
Subsidiaries)
1943
•
expenses.
paid
Balance
Other
V :
'
•
after
Depreciation
before Nov. 1
to give security holders the required two months' notice.
The earliest
there can be any refunding now will be July 1, 1944.
Early this year a committee representing the 12 railroads that use
the terminal facilities was created to consider plans for refunding of
the bonds.
At one time, it was thought
a plan would be evolved so
that they could'be called for redemption on July 1, last.
The bonds
do not mature until 1960.—V. 157, p. 1559.
$131,344
...
.
•Profit
Kerlyn Oil Co. (& Subs.)—Annual Report—
1943
30—•
.
bonds.
mortgage
,
,•
$129,860
Sept.
first
of the $49,000,000 of 4%
first mortgage bonds of the
will not take place this year, it was announced Oct. 13.
It
been
Net
End.
Corp.—Earnings—
Domestic
12 Mos. Ended June 30
.
Period—
Of
Refunding
capacity to
pounds," Mr.
Insuranshares Certificates, Inc.—Earnings—
earned.
Fink Products
(Including
'v
the
about $2,000,000.
held
1943
Months
Lehn &
Kansas City Terminal Ry.—- Refunding Deferred—
yarn
42,000,000 pounds of a total capacity of nearly 70,000,000
stated,—V. 158, p. 1278.
Six
bonds of
mortgage
1278.
p.
preferred
plant-
Rivitz
Dividends
this
i
,
action
above
The
ordered
was
Through
Interest
of
conversion
$1,000,000).
•
the start
of construction of expanded
facilities at the company's Painesville,
Ohio,
plant, where 22,000,000 pounds annually of rayon tire yarn,
cord
and fabric are to be
produced in accordance with an earlier
directive.
The Cleveland plant is now nearing completion of its con¬
version program whereby its entire production of regular textile yarn
has been replaced with 11,000,000 pounds of high tenacity rayon fortires.
Twisting, warping and weaving equipment are being added for
the heels
on
by
amount
company
of
to
(approximately
The company's
company.
had
Industrial Rayon Corp.—To
Corp.
company anticipates by about
six years the 1949 maturity
loan.
The RFC debt origihally totaled nearly $5,000,000, and
the
%■
J
Finance
the
step
the
with
April 2,
dated
struction
amendment
an
accordance
mortgage,
act
for
the
first
$3,000,
A.
A.
President, said that while the management feels it can
afford a pension plan the company is not committed to continue the
plan in any year when earnings do not warrant.—V. 158, p. 1473.
in
loans,
Dominion
$4,925;
hand
on
$51,376;
transit,
of
and
in
bonds,
prepaid
banks,
receivable,
concentrates
Canada
stores
and
accounts
$8,682;
$50,680
$212,840
$76,926
Sheet, April 30, 1943
on
$51,000;
supplies,
$100,494;
cash
$2,204;
bullion
on
on
deposit
hand
for
and
hand
and in transit, $16,043;
Dona, of Can. bonds on deposit,
$46,900; fixed assets, $946,876;
expenditures, deferred to future operations, $99,050; total, $1,327,550.
Liabilities—Accounts
accrued
dividend
serve
payable, $8,228; wages payable, $3,237; sundry
charges, $4,741; McKenzie Red Lake Gold Mines, Ltd., $5,281;
payable, $82,000; taxes payable re 1941-1942
$25,731; re¬
for
surplus,
taxes
$12,009; capital stock (par $1), $1,000,005;
$1,327,550.—V. 157, p. 166.
1942-1943,
$186,318;
total,
THE COMMERCIAL & FINANCIAL CHRONICLE
*
'
«
^Monday, October 18, 1943
^
Maine
Service
Public
Co.
To
—
by your
Purchase of
Finance
and
and
Issuance
the
filed
has
company
with
sale
of
SEC
the
of
shares
its
consideration:
1943."—V.
TV1'''
securities
by
Maine
Service
Public
-
dividend
A
of
accumulatiohs
to
be
Hearing in
the application will be held
1280.
p.
before
SEC
on
Oct.
35
of
Oct.
Net
Sept.
operating
Earnings
*
SO,
The
•
directors
of
account
with
25
have
Sept.
50
accumulations
cents
cents
and
May
1,
75
1,
banks,
3(1—
trust
Period End.
other
and
companies
1943—3 Mos.—1942
the
*$3,004,144
$2,179,652
share——
$0.20
$0.13
$0.51
$0,37
1943,
and
earnings
York
$827,000
for
adjusted
are
Stock
received
Dividends
cents
share.
a
1942.—V.
the
months
nine
Sept.
ended
$1.25
of
50
Marine
to
minority
interests as
holders
of
with
compares
Corp.,
the
parent
company
$797,136
the
for
The
-
the
period
same
sell.,
gen.
exp.
at
1940
1941
changes
$17,044,152 $12 932 976
$9,057,648.
9,472.771
7.407,141
6,185',527
$9,637,011
$6,747,449
84,731,895
2?827,788
3.080.082
2,367,316
amort,
of
418,309
352,629
$6,022,976
292,899
vote
.
25
Oct..
$55
22
of
"The
to
$45
shall
$6,456,595
$3,374,468
207,927
182,520
preferred
second
accumulated
135,213
$6,215,761
$6,664,522
$3,556,988
$2,229,032
.
125.518
489,716
121,757
The
728.000
1,047,000
772,896
345,000
408.000
181,449
J3,186,000
$2,753,000
470,000
575,000
350,000
SI.256,244
$1,616,806
by
Excess
taxes—
profits
Wartime
taxes—
dividend
taxes—
conting.
.
of
50
May
and
1
earns,
exps.
750,000
773,810.
574
571
6,881
7,128
$303,902
$199,216
$3,695,840
$2,982,546
491
3
8,283
1,902
$304,393
$199,219
$3,704,123
1,561.155
$2,984,448
$2,142,968.
$1,325,080
-
••
Gross
value
the
of
from
the
893.
p.
1
,
$734,205
the
of
stock
also
stock
1943—Month—1942
.
in
as
vote
reducing
such
of
the
the
2,121,241
Provision for deprec
37,500
36,000
82.204
91,009
income
profits
exc.
reduction
shares
the
of
of
—
other
Balance
—V.
158,
from
$888,267
288,855
307,025
$52,361
$60,887
$726,057
20,693
20,693
248,316
$581,242.
248,711
$31,668
stock
$40,194
$477,741
-
987.
p.
-
22.914
—————
$332,531
•
-
period Ended Aug. 31—
Operating
Operating
pre¬
Federal
Other
of
the
to be
capital
preferred
1943~ Month—1942
revenues——
S753.887
1943—12 Mos.—1942
$619,576
$9,606,504
374,919
5,408,893
56,067
34,071
817,341
53,291
! 812,846
80,000
45,828
68,333
$78,832
$96,425
$1,674,090
in
207
845
643
$78,943
$96,632
$1,674,935
$1,456,756
expenses
taxes
—
485.697
—
taxes
Prop, retir.
res.
approp.
.
-.
$8,948,966
5,373,015
527.499'
779,007
893,334
813,332;
stock
oper.
Inter.,
oper.
$1,018,907
$1,010,276
$7,078,196
718,241
650,702
4,921,293
4,388,512
$300,666
$359,574
$2,156,903
—-
income
deductions
etc.,
$1,456,113
76,274
75,928
910,766
921.725
$2,669
$20,704
$764,169
$533,031
$6,589,771
deprec.
revenues—
income
Gross
1943—7 Mos.—1942
v
$1,014,912
Mississippi Power & Light Co.—Earnings-
Net
1943—Month—1942
$83,801.
23,067
—
pfd.
on
543,387,
355,054
,
529,748
—
$75,428
_
deducts.
Net income
412,000
580,415
282,256
taxes.
income
and
Divs.
share.—V. 158, p.. 580.
per
444,000
taxes—
case
second
capital
.
$4,319,948
2,381,915
Int.
existing will be retained."
now
on
value
par
stock,
1943—12 Mos.—1942
$5,233,246
200,409
expenses
1,
$45
at
plus,
.
1
$411,219
premium of $5 per share;
a
preferred
$618,895,
to
the
stock
common
dividends
;
•
.
,
revenue.—-—---
Gross
at a
price equal to $45 per
share plus the amount of any divi¬
thereon; and in all other respects the
common
will
and
990,825'
$334,255.
271,558
dividends
cumulative
to
988,271
to
Nov.
1.659,368
$466,691
of
summary
after
•
$59,260
$1,154,697
Operating
preferred
and
139,959
•
General vtaxes
'
brief
a
123,761
$180,632
—;
Period Ended Aug. 31—
1,
Aug.
1349.
p.
per
Period Ended July 31—
Gross
62,500
—
income----—
158.
Other
Gper.
930,017
62.500
1,794,072,
res.
Mississippi Power Co.—Earnings—
Mexican Light & Power Co., Ltd.—Earnings—
(incl.
941,914
J
Nov.y 1 to
cents each
redeemable
rights
reducing
to $45
78,136
Balance
dividend
payable
proposed- amendment
unpaid
S5
and
and
from
company
"a
stock
and
be
of
arrears
stockholders
from $55
f456,144
shall
in
or
positions
stock
80.936
revs
income
V.
113,539
income
stock
premium
a
1,551,766
,
dividends applic. to pfd. stocks for-the period.
per
all
accrued
relative
$2,093,819
deductions
income
oper.
Net
quarterly
1,
158,
share;
preferred
plus
$2,890,340
218,511
Interest, etc., deducts.--
quarterly
a
both
'entitled
be
89,377,913
$2,554,206
—
Other income
will, amount
'
company,
par
a
$9,500,607
271,107
161.008
taxes
Net
$28,650,493 $37,485,065
Feb.
on
the
1943—12 Mos.™1942
$830,041
2
each.
1943—9 Mos.—1942
distr.buttons
on
1943—Month—1942
to
the
and
the
new
208.716
investments
with
Feb.
cents
annum on the
reduced par value of $45 per
and
previously accumulated
unpaid
dividends
undisturbed;
in
liquidation the preferred stock shall be
over
the
$817,636
revenues——
taxes
Federal
stock
6
rights
share
share
270,760
192,786
—
profits and' inc.
Federal
State
2,
and
1942.—V.
liquidation shall have been voluntary,
effected
Other
Nov,
stock,
stock
during
follows:
from
preferred
its
dends
profit from oper._
Total
compares-
and
follows:
regulaf
stock
Quarterly
•
common
will
the properties of
over
as
1173.
p.
the
common
incorporation
as
,
.appropriation
Amort, of limited-term
no.
'
the
2.849,883
patents
.
the
being
the, rate of
ferred
Net
This
last,
2,
as
$4,884,811
the
admin.
——
Other-Income
of
reduced
the
remaining
preferred
4,325,753
$9,291,167
sales-
be
share,
.
Provision for deprec. and
.
15.
Aug.
current:declaration
158,
preferred
quarter
stockholders
certificate
per
and
the
declared
the
on
Oct., 22.
on
each
-
expenses
Property retirement
on
stock,
were
and
1
per: share
preference
Oct.
Other
Fed.
1943.
*1942
$18,763,939
sales————.:
Shipping,
record
Aug.
of
13
the
on
share
record
in
on
RFC.
Louis
Federal
Metropolitan Industries Co.—To Reduce Par Value of
Report-
1943
—
on
of
and
the
Operating
Preferred Shares—
the
Aug. 31—
profit
share
per
also'made
last,
reported
291.
p.
sales
Gross
of
on
and
cents
1943—Month—1942
Oct.
•
by
Minnesota Power & Light Co.—Earnings—
Corp.—Sept. Sales Decrease 31.2%—
on
conditions imposed
-RFC"
■
■
to
the
the new Minneapol.s & St. Louis Ry, could
capital stock so long as the company remained
Period End. Aug. 31—
;
Midland
Masonite Corp.—Annual
Cost
of
account
on
Exchange.
by
This
158,
Years End.
75
cumulative
said.—V.
was
Sept. 30—
per
cents
shall
Net
of
May 1 and
Payments in 1942
each;
it
$3
holders
to
distribution
directors
of
during
12c
or
of
the
$3,360,578
The
the first nine months of 1943 from its constituent banks
and trust companies,
plus its other income, less its expenses and a
contingent provision of $75,000 for taxes for the period,, was $722,563.
only,
declared
Declares Regular Dividends—
were
New
been
dividend
a
j)aid
Sales
affiliates!
1943—9 Mos—1942
1943.
to
1
1943.
share,
per
objected
manager
of
on
share
per
Feb.
on
$1.50
to
Corp,—Earnings—
$751,489
30,
has
modifi¬
a
$4,000,000
a
Minneapolis &
Railway and the other as the Minneapolis & St. Louis RR.
Corp.
Each will acquire certain lines of the old company and the
.new company will acquire control of the
new corporation
by purchase
of capital stock.—V. 158, p. 1,445.
•Si.
cumulative
declared
value, payable Nov.
par
14.
*$1,156,586
Note—These
V.-'
Maytag Co.—75-Cent Accumulated Dividend-^
sub¬
earns.—
per
to.
Operating
After contingent provision for taxes of $336,000 for the three months
ended
* v'r**VfyVt:
approved
eliminates
r-'
companies have been formed to take
old Minneapolis & St. Louis.
One is known
i
constituent
End.
share
per
$2
holders
Melville Shoe
(And
.-ft'%*V*
•
cents
to
Oct, 4
on
which
which specified
dividends
pay
Gross
Marine Midland
Period
not
of
one
indebted
1,
plan
Two
the
15
Arrearages after
the
Nov.
before
or
on
Commission
reorganization
reorganization
RFC,
■
mitted to the P. U. Commission of Maine for approval.
—V. 158,
hands
our
the
Commerce
-
The
preferred stock, no par value.,
record Oct. 9.
This compares with 30
cents per share paid on Jan. 15,
April 15 and July 15, last.
Payments
during 1942 were as follows: Jan. 15, 40 cents; April' 15,-35 cents;
July 15, 25 cents; Oct. 15, 15 cents; and Dec. 31, 30 cents.—V. 158,
p. 773.
payable
common
are
Co.
in
''i'v.yi*'•
,
of
be
to
of
cation
555.
p.
Interstate
loan.
Massachusetts Power & Light Associates—35-Cent Div.
$1001 to Consolidated Electric & Gas Co. for consideration
in cash.
Consolidated proposes to acquire the 2,000 additional shares of com¬
mon stock so to be issued by Maine Public Service Co. for $200,000 in
cash and to pledge the stock' under a trust indenture dated Aug. 1,.
1932,
securing certain collateral trust bonds of Consolidated, under
which indenture all the outstanding stock of Maine Public Service Co.
is presently pledged.
It is stated that the proposed acquisition and the proposed issuance
sale
offers
said
157,
The
-
■
■
stock (par
of $200,000
and
about .12% %
is
principal amount of the outstanding bonds) will become avail¬
for sinking fund purposes.
It has been voted by the directors
to purchase bonds in the open market at a price not to, exceed 40.
••"Offers will be accepted by the -company.up to the amount available
in the sinking fitncl for each series, the lowest-offers, to receive first
a
additional
'2,000
(which
■
able
declaration to the Public
Utility Holding Company Act of 1935 whereby it proposes to acquire all oi
the electric utility properties, franchises and business of Caribou Water,
Light & Power Co. as of the date of the consummation of such acquisi¬
tion, and to pay therefor $500,000 in cash, such sum to be subject to
certain
adjustments
designed
primarily
to
reflect the
differences
in the receivable items to be purchased arising between June 30, 1943,,.
and the date of the closing of the proposed transaction.
Company proposes to secure the funds to be paid for the property
fiO to be 'acquired by the issuance of its first mortgage bonds,
in the
aggregate principal amount of $300,000, to bear interest at a rate
not in excess of 3% ''c
per annum, and the sale of such bonds to an
institutional purchaser for not less than the principal amount thereof,
The
approximately $90,000
the
of
Properties Through Bond Issue—
-
mortgage only,
$2,201,259
'
reneg.)
———
&
Net
income
Dividends
Net
profit
Divs.
" 4 Va ';}
on
Divs.
on
Shs. of
157,500
on
income
to
674,013
808,815
808.815
539,210
539,210
539,210
$2,04
for
account
reflect
provision which
income
$23,000 in
Operating
taxes
$2.71
ended
year
for
because
of
$3.56
31,
Aug.
wartime
pfd.
to
stock
for
the
period
399,960
has
1942.
taxes...
Aug.
31,
18,123
3,681,452
expenses
oper.
Operating
the
3,338,224
$2,056,335
•/■•
^.1
$1,747,031
1,236,164
revenues-—;
taxes
'
$39,780,912
145,074
98,557
28,393,358
966,353
"
Net
1943
oper. income..—
income .T——
Net
and
The
of
St.
Commerce
hearings
George,
Commission
the
on
has
reorganization
Brooklyn.-
<
.
.
,
Oct.
set
plan
to
19
for
the
at
the
held
be
,
Payment of Principal and Interest On Bonds—
$16,936,264 $13,908,191
10,123,331
Interstate
opening
Hotel
25,727,647,
Pursuant
to an order entered
by the U. S. District Court on Sept;
Guy A. Thompson, trustee, will pay from funds on hand the
following: )1» On all Missouri Pacific Ry. third mortgage bonds, the
full principal amount of said bonds
plus interest at the rate of
7,668,964.
$820,171
$780,673
$6,812,933
.
$6,239,227
789,279
733,834
; 6,420,259
'..5,935,599
—
-r-V.
1943
p. 987.
18.
^Includes
*
Sheet,
1943—8 Mos.—1942
$5,103,378 $45,428,179
12,222
legislation affecting the
'
Balance
1943—Month—1942
-
$5,750,009
_
$131,423
Missouri Pacific RR.—Hearings Oct. 19—
.
Net
been
and
enacted after the report was issued.
+Less post-war refund of. $354,000 in
1942.
—
oper.-rev-
158,
403,608
$364,209
Co.—Earnings—
$2.91
contingencies
•
tax
revenues
Uncollectible
Operating
was
'
;
the
provision
a
recomputation of income
tax
Period Ended Aug. 31—
'
674,013
533.210
—
*The
State
—V.
92.095
•
■
com.
stock
restated
applic.
Balance
Michigan Bell Telephone
stk. outstdg.
sh.
per
•
158,375
92.095
stock—_
com.
com.
earnings
p.
1173.
158.
_
——
Earns,
Net
$1,659,348
—V.
preferred stpek——
Divs. on 5% cum. pref.
stock
$2,010,886
cum.
—_
158, p.
1173,
per annum from Jan. 1, 1940,
to
the rate of 4U
per annum from
May ,1, 1943, and plus interest
May 1, 1943, to Nov. 1, 1943.,
.
at
•
.
Assets—Cash
in
bank
and
hand,
on
$6,161,949;
obligations
of
the
TJ. S.
Government, $75,000; receivables, $2,189,626; inventories, $1,709,-,
619;' advances
on
wood
purchases,
$353,805;
prepaid
insurance.'
$157,413; investments, advances, etc., $575,212; plant and
equipment,
$4,933,381;
total,
patents,
patent
and
trademarks,
$16,326,226.
Federal
(less U.
and
$170,220;
'
Liabilities—Accounts
for
applications
payable,
State
Income
$292,929;
taxes
accruals
(subject
to
stocks,
payable
in
September,
$339,657;
$65,000: preferred stock
(539.210 shares, no pari,
stock
total,
$16,326,226.—V.
Co. made
157,
$174,177;
SICOt,
reserve
$3,500,000:
earned
sufplus,
for
2451.
p.
C;
1-V-i')
$1,983,89^
7,701
(3
645,995
,.
4,615
.
Total
—
Depreciation
tax—
declared
.1
taxes-,.
$1,198,291
$3,827,480
460.091
1.367.605
1 375 437
earnings
;
credits
$738,200
-:
'*■
'
refund—.
Net
$2,016,098;
Feb.
$41,884;
Liabilities—Accounts
accrued
$2,459,875
$2,307,490
34.332
24.733
11.375
50.280
$758,714
$749,575
$2,510,154
309,024
$3.53;
-
54.817
164.528
165,972
390,000
450,000
1,330.000
1.375,000
8310,929
$244,757
$1,015,626
$800,850
828,171
828,171
828,171
$0.33
$0.25
$1.08
Federal
S.
Pacific
from
Railroad
Jan.
1,
at
4rr
the
and
rate
plus
Nov.
to
30r'>:
per
The
$4,705,185;
of
of
(of
1940.
1940,
to
April
income
Income
Prov.
charges
for
Federal
taxes
the
income
shares
Earnings
E. M.
Our
share
per
plants
last
President, states;
have
and
net
no
the
the
been
Missouri)
first
materials
tinuing
every
order to
to
effort
dividend
A
.
on
$1.05
on
.
$1
15
to
same
14,
April
1943.
14.
cents.—V.
Year Ended
payable, 81,199.737; accrued local taxes, $2,550;
stock tax, $31,317; renegotiation settlement,
Inc.,
capital
July
p.
14,
Profit
during
from
the
our
materials
plants,
and
through
possible.—V.
we
the
158,
after
per
at .the
annum
rate
of
cents
during
65
1942
cents;
the
on
Oct.
on
7.
Gross
from
from
5%
Jan.
per
April
are
Federal
23
amount.
were
Oct,
14.
as
-a
bonds.
recent
due
notice
Jan.
He said:
1.
Net
stock,
"A?
to
a
Other
$13,806
;565
St.,
1,
of
Treasurer
a
first
and
Jameson
1943,
and
follows;
sale of
a
refunding
invites
1, 1940,
pius.
May 1..
to
from
annum
Mav
1,
•
-
New
York.,
1943.—V.
158,
paying agent
1350.
T
as
p.
of
the
trustee,
on
or
.
Manufacturing Co.—Earnings—
1942
"'
1941
"
$2,022,745
$2,107,416
1,018,050
1,018,392
1,004,732
$796,968
$1,004,353
73,651
31,102,684
64,126
& admin,
prolit
V $861,093
$R078,004
$1,169,253
expenses—„
from
operations
income.
Total
Disc,
10,753
$13,050
$24,560
—,—:
—
—
and
excess
profit
1,136
_
and
ventory,
f,:
Federal
5,122
"
,
$8,421
—,
r;
Sheet,
.
5,000
■
29
7,170
of
accounts
securities
$12,267
loss
sale of
on
sec.
25,988
.
'
.*
.
Appr.
value
of life
capital
total,
stock
isurance policies,
(100,000
$243,510.—V.
receivable,
$2,495; merchandise in¬
(gov't,!, $50,163;: equipment, etc.
deferred charges, deposits,-etc.,- 82,237;
$1,390;
156,
income
no
par
p.
tax
and
state
franchise
$210,000;
-:
Reorganization
-
from
of
the
road
will
be
•-.Balance
-
the Reconstruction Finance. Corp,
completed
•
1
without
financial
; aOn
of
aid
for
Earns, per
surplus,-
Minneapolis & St. Louis RR.^—Plan Modified—
5 rr-
tax—
66.569
taX-__;j—'
income
taxes
tax__
on
land
trans,
paid—
to
net
shares
§202,500
390,000
182.500
40,000
45,000
—/
32,618
surplus'
——
no
—.
31,541,
$322,120
tCr55,000
$616,004
and
income)—
of
'37,500'
to
"
50,000
—
55,000
;
150,000
$322,605
$377,121
$411,004
200,000
275,187
t$3.23
i$3.22
300,956
: *$6.14
capital stock,
tAppropriation made
prior year for loss oh land and building, ton, 100,000
no-par shares
canitai stock.
§ After deducting post-war refund of
$22,500.
.{Note—Provisions
to
earned
——
(on
$67,313
-
/
260.000-
.
loss
41,709
.
51.625
$372,605
antic,
100,250
"
215,000
"
—
applicable
periods
sh.
21,640
...v.
220,000
income
Dividends
tax,
1330.
'
profits
State
.
—;
bldgs, 110 longer used in mfg
Approp, for res. for contirtg._,_'——1
$11,325; total, $243,510.
shares),
excess
income
...
10,000
Net
May 31, 1943
income
normal
previous
owned
'Liabilities—Reserve for Federal
these
parcel of property covered
——————
sales &
Wisconsin
in
income
tenders
$103,078;
value),-
cash, surrender
14.
Dec.
on
Federah
3,492
;
,
$72,824;
(depreciated
$1.15
Jan.
income
on
sale of land &. bldgs., no
longer used in manufacturing1----,
and
-
$3,492:
holders
result of
Net
198,380
$12,485
charges
income
Assets—Cash,
par
with
1462.
1953.
$212,186
139,622
,
credits
'
Dividends paid
compares
SI.05;
bonds
;V.-,'
foregoing bonds are requested to present their
principal and interest to J. P. Morgan & Co.,
the
of
payment of
Wall
Nov.
Federal
291.
p.
income
income
$30,018;
In
$152,108
expense—
profits taxes
Territory of Hawaii income tax paid
con¬
Government
common
14.
sMd
1942
operations-—-
Miscellaneous
; Massachusetts Cities Realty Co.—To Buy Bonds—
bonds,
and
Balance
This
the
of
and
holders
for
Modine
'
paid
record
of
amount
Years Ended July 31—
4
1943
Gross profit on sales—' $1,815,018
1943
——
cost
Distribution—
was
of
bonds,
rate
1943.
Loss
last
plants
Government plants during
experiencing difficulty in obtaniing'
soon, as
share
been
the
at
for the six months' period ending Nov. 1. 1943.
said bonds will cease
to
bear interest on and
after
thereafter interest will be paid only on 70V of
of
1943,
Sell., ship.
May 31—
sales
Merchandise
$0.82
the
Government
last,' 80
Payments
$1;
157,
as
holders
14.
from
these
Co.—$1
per
July
on
Jan.
$1.15;
30
of
Oct.
paid
the
get
Maiden Electric
$25,
still
are
finish
to
complete
derived
have
mortgage
Government,
Miscellaneous
production
above
and plus,
1943, to
828,171-
"
full
at
shown
income has been
We
"
running
earnings
quarter.
critical
in
stk.
com.
Allen,
Quarter,
as
of
1943.
the
annum
principal
The
Milnor, Inc.—Annual Report—
Net
Net
No,
1,
to
-
Total
of
rate
plus Interest
Nov.
1, .1943,
April
1,
from
annum
the full principal
V/2'.r
interest
1.
of
30'k
1,
bonds
$3,000,000; Federal and state taxes on income,'
estimated, $2,163,000; common stock (193,140 shares, no par), $1,834,850; earned surplus, $1,770,718; total, $10,002.152.—V. 158, p. 1280.
$2,341,822
57,785
U.
all
mortgage bonds,
1943
receivables,
and
to
principal amount-of said bonds plus interest
Nov.
securities,
the
principal amount of St. Louis, Iron Mountain and
Southern Railway Co., Riyer and Gulf
Divisions, 4. first mortgage
bonds which matured May 1, 1933, and which are now
outstanding
in
the
sum
of $34,548,000,
together
with interest at thl rate of
$681,550
■
$3.69
28.
1943,
1943.
annum
1943,
1943,
8^4,800
•
Sheet
amount
1,
at
Carondelet Branch first mtge. RR.
said bonds plus interest at
the
from .Jain 1,
4%%
per
interest
*Crl,285
;
.
309,024
Balance
July
of
renewal
•
profits-—$711,900
Earnings per share
————__j——JVr
*Overprovision for prior year.
■
interest
bonds,
1943.
On
(6)
Dividends
from
Missouri)
mortgage
.
22,500-
.
1,376
'1,986,000
rate
plus
1, 1940, to July 1,
(of
annum
the
bonds,
second
Aug, I, 1943, and plus interest atthe rate of 4%
per annum from' Aug.
1, 1943, to Nov. 1, 1943.
(5) On all Pacific Railroad (of Missouri) St. Louis
City real estate
369,700
26,000•,
CV162.000
;
at
said
annum
principal
l'J.per
1,
Jan.
per
Missourii
full
v
'
full
of
(of
per
21,242,
151,000
—-
j
v.—
Underprovision for prior year
.profits taxes—-——
-L___..I...
due
$733,981
$1,988,508-:
excess
Excess
$3.682 926
457.253
depL.f.
value
inventories," $1,431,072;. other assets, $300,335- ' prouertv,: plants and
equipment) $1,472,103; deferred charges, $35,475; total; $10,002,152. '
•
1943—9 Mos.—1942
Sl.191.233
and
$2,735,689
21,413
and
surtax
profits
State
i.
—
deductions
Normal
Assets—Cash,
(Inc.)—Earnings-
1943—3 Mos.—1942
earnings
of
from
5'b
Pacific RR.
the
interest
Nov.
of
all
Railroad
amount
annum
rate
bonds,
Pacific
principal
On
(4i
Other
all
per
the
at
5,681,524-
$2,727,988
income
Consolidated
Period End. Sept. 30—
Income
1942.
$8,311,412
894,189
■
income—
Post-war
Co.—Secondary Offering—Reynolds &
Mathiesoii Alkali Works
Net
'
Operating
Other
com¬
$5,805,-
secondary offering of 10,000 shares of com¬
(par $1), after the close of business Oct. 8, at
share. Dealer's discount, 80 cents.—V. 158,
per
Total
1943
—
On
full
rate
review;
1173.
•«.
28—
less returns, allowances, etc
$13,737,599
sold
"
-J—.— '
10,115,422
goods
Expenses
a
stock
$30%
(par
$919,385;
Master Electric
p.
of
Cost
provision
governmental
1943,
self-insurance.
mon
End. " Feb.
Gross sales,
the
S.
common
mon
Years
'2)
•
/
Treasury notes tax series, including accrued interest. $551,100), $4,304,689; provision for wartime contingencies,
including" re¬
negotiation of war contracts, $925,000; dividends on preferred and.
390;
Midwest Piping & Supply Co., Inc. (& Subs.)—Earns.
^
par
for depreciation of-plants and
equipment amounted
in 1943, $100,806 in 1942.and $105,065 in 1941.,
lag^^sss^BSSSMMS^sS^SSlSSS^^^SS^SSSSB^SSBSWSS^^^tmmm
Volume
Balance
Assets—Cash
THE COMMERCIAL & FINANCIAL
Number 4221
158
hand
on
31,
July
Sheet,
demand
and
$233,300
1943
in
deposits, $528,122; U. S. Govern¬
(less reserve lor doubt¬
$1,172,501; cash sur¬
investments, at
cost, $104,714; mortgage note receivable, $25,981; property, plant and
equipment (less reserve for depreciation of $524,949), $981,200; de¬
ferred charges, $35,849; patents (less reserve for amortization)', $31,644; post-war refund of Federal excess profits taxes, $24,200; total,
ful
64.8,cents
or
61
value
$42,000),
of
accounts
render
insurance
$4,163,751.
of
Income
Cash
div.
Interest
on
in
the $5
each
In
shares.
would
The
series,
the
addition
Period End. Aug.
$253,902
—
would
receive
Stocjk
one-tenth
and
one
stockholders
by
at
& other
Federal
taxes__
15,239
:
Other
of
taxes
156,719
oper.
1,774,912
is
1943
2,086,075
$38,435
360,000
$0,49
-
Other
income
Gross
(net)
$263,908
$503,745
16,301
.
Other
as
regulated
a
Investment
and
company
V
income
(2)
compared
360,000
$0.55
.
Net
as
will
distribute
int.
$7,247,809
Dec.
with
cost:
1942,
31,
2,628.086
$9,363;
30,
in
value
(less
1943,
of
"Pld.
Assets—
Net
Net
$4,619,723
$2,511,757
957,534
$38,018
for
*
Period End. Sept. 30—
iv
'
/
1943—Month—1942
C
;*
S
Sales
...
v''
54,280,420
revenues
oper.
rev._
& Telegraph Co.—Earns,
$1,112,015
taxes —690,997
$1,077,389
$421,018
sales
$3,387,749
Net
277,822
income
—V.
—————
287,551
2,211,034
Admin.
R.
H.
of
the
Foundry
&
for
for
the
month
same
a
ago.—V.
SO.91
net
per share for
of
value
asset
158,
estimated
$17
securities
the
of
considered
be
the
as
p.
and
against 207
other
Total
this
in
which
be
sold
Est.
2,186
Dr21,143
Cr28,524
of securities
109,760
229,880
89,609
63,255
Federal
normal
for
mcnt
and
'$293,980
"$257,231
119,925
119,987
$3.73
June
Sheet,
and
hand
on
income
and
tax
adjust1--
Sept.
bond
•' 507,184
in
banks,
Notes—(1)
the
basis
of
tax
stock
earned
30,
held
securities
basis
this
sales of securities
(2)
is
the-
investment
$802,883 as at Sept. 30,
ties is carried
at
the
For
on
cost.
computed
$496,473
the
portfolio
1943.
(3)
of
cost
U.
S.
basis
■Federal normal income tax and surtax
tax
cost
unrealized
30,
1943
is
$406,397.
appreciation
After
at
the
average
cost
cost;
appreciation
on
cost
$7,501;
shares,
(87,163
of
this
amount,
securities
held
the
at
in
Assets—Cash
banks
"C", $25,000;
receivable,
dividends
on
of
Sheet,
and
Sept.
hand,
on
investments,
—V.
$5>,
for
Sales
6.
of
made
by
Dr$243,127;
$7,274,473.—V.
80,
the
the
Government
hobs,
the
(less
taxes
recovered
and
cutters
gear
continue
company
22,716
29,735
$57,675
$257,228
$1,083,731
S2,198,966
83.851
3,675
2,643
40,199
19,061
$240,026
$1,040,889
$2,096,054
Sept. 30—
:
>
.
U.
1
made
net
Jan.
on
1942.—V.
declared
stockholders
is
158,
a
Oct.
30, May 1 and July 31, last,
p. 1175.
Oct.
the
8
week
ft.,
cu.
is
reported
5.79%
or
corresponding week
ended
Sept. 30,
kwh.
This
of
1943,
in
at
electric
output
113,829,000
above
a
production
year
6.01%
year
a
increase
kwh.
ft.,
107,-
cu.
of
ago.
this Association
an
49,824,360
of
reports electric
4,225,371
fbr
for
September,
40.353,000
ft.
the
in
1943, ,is
cu.
ft.,
reported
the
kwh.,
or
corresponding
473,349,000
as
9.32%
or
corresponding
above
month
a
ft.,
cu.
production
ago.—V.
year
of
158,
Service Co.—To Pay One-Half
to
to
in
declared
one-half
dividend
a
of
stockholders
a
of
full
the
on
quarterly
record
of
Nov.
prior lien pre¬
dividend payable
30, 1943.
This
applicable
to the quarter ended June 15, 1934, being the
for which dividends are in arrears.
Checks for the divi¬
mailed Dec. 14, 1943, to stockholders of record Nov.
30,
following basis; 75 cents per share on the prior lien
stock, $6 dividend series, and 87 V2 cents per share on the
preceding
after
stock,
$7
dividend
series.
Similar
payments
were
quarters.
the
current
distributions
will
$6
to
be
$58
per
share
per
share
on
the
$7
on
New England Telephone & Telegraph
Co.—Earnings—
t •:, Period Ended Aug. 31—
1943—Month—1942
1943—8 Mos —1942
Operating revenues
$8,649,018
$7,828,850 $67,062,172 $60,845,172
Uncollectible oper. rev._
10,052
11,152
64,429
83 753
Operating expenses
5,754,460
5,268,546
44,947,666 41,099.891
____
.
Net
oper.
Operating
Net
Net
$2,884,506
revenues...
taxes
oper.
income
$1,327,232
income
Operating
Operating
Other
expenses
taxes
U
459,973
267,717
3,901,729
244,819
3,024,433
2,911,077
294,500
256,211
3,826,055
3,134,094
$258,170
$404,345
$4,268,705
$4,572,839
4,085
156
27,490
3,543
$262,255
$404,501
$4,296,195
$4,576,382
164,171
179,929
2,219,436
2,311,687
$224,572
the period—
;
$2,076,759
$2,264,695
taxes
250,543
Net
oper.
(net).—.
♦
2,628 066
V
res.
revs.-.-..
tOther income
1943—12 Mos.—1942
$2,034,064 $26,668,034 $23,612 075
860,972
11,647,112
10,365,999
1,G90,722
appropriation
and in each quarter during
•
•
V
\
~
6,211,486
Service Inc.—Earnings—
1943—Month—1942
$2,353,908
revenues
were
Sept;
$9,927,859
;
1476.
Property retirement
payable
$1,247,477 $10,318,987
780,194
6,411,035
847,363
158, p.
Period End. Aug. 31—
.
$2,549,152 §22,050,077 $19,661,523
1,301,675
11,731,090
9,733,664
1,557,274
New Orleans Public
distributions
Similar
1943,
8
re¬
metal-cutting
those of last
other
Oct.
on
prior lien preferred stock and $67.37 V2
prior lien preferred stock.—V. 158,, p. 894.
is chargeable
cents per share,
15
22.
the
prior, lien preferred
-
dividend of
reports
the
on
made
the
under
$600,000
exceed
to
1
of 'record
11,625,079
equal
15,
preferred
England Fund—Regular Distribution—
to
Association—Output—
Association
increase
of
698,958 kwh., or
kwh. for the corresponding week
an
ago.
of
stocks
1943,
S.
$150,-
—V.
-
this
8,
is
6,227,000
cu.
quarter
will be
dend
1943—Month—1942
1943—9 Mos.—1942
$7,188,839
$6,473,675 $60,729,949 $49,931,813
-
Oct.
This
England Public
Dec.
first
1281.
158, p.
The trustees have
Nov.
1943
$25,000;
Savings notes
158,
for taxes, $78,813; capital stock
$4,139,369;
treasury. stock—
surplus,
earned surplus since Jan.
p.
1174.
:
1,
1938,
$909,526;
Company,
^
and
Share
after
deduction-
of
an
estimated
allowance
amounting
Co.
indirectly
that
its
Co.- -Reveals
Toward
Step
of
holding
System, filed with
had formulated
it
$6
preferred
disclosure
terminate
came
in
stock
the
a
in
company
SEC
Oct.
program
the
4
for
a
Electric
disclosing
plan
retiring
Bond
the
.
would
connection
number
of
the
of
and
with
a
plan
filed
by
National
Following
numerous
or
the right
to receive
income
securities sfuriior to'preferred stock in the
additional common stock in the amount of
.to Birmingham for cancellation
a
to
be
owned
supplied
by
by amendment,
National.
accounting adjustments to be made by Birming¬
would pay a dividend of 46 cents a share
the 800,000 shares o£ common Capital stock now held by National,
a
total of $368,000.
This, National' disclosed, would be used in
company
"the retirement of its
.
own
$6 preferred stock still
Net
Divs.
deducts,.
etc.,
income
outstanding.
$98,084
...
applic. to pfd.
stock for
—V.
158,
—...
544,586
544,586
$1,532,173
$1,720,109
p.
988.
New Jersey Power &
Light Co.—Sale of Securities—
The
from
surrender
the exact number
stock" of Birmingham
ham, the operating
on
to Birmingham
and
would
shares,
common
Gross
Balance
*
contribute
operatingcompany
.$1,254,540,
.
12,000
still outstanding.
its, existence.
National
.
Interest,
amount, of $1,130,000
to
Light
;providing for several capital contributions by it to Birmingham Electric
Co., its subsidiary.
National is undergoing dissolution, having been
granted on last Nov, 9: an additional year by the SEC in which to
,the
Sept. 30, 1943, at their, value based on
market quotations on. that date, and after deducting the dividend of
15 cents per share payable on Oct. 15, 1943, the net assets of corpo¬
ration on Sept. 30, 1943, amounted to $8,488,801, equivalent to $23.58
per share on the 360,000 shares of outstanding capital stock.
This
compares with a net. asset value of $23.81 per share on June 30, 1943
and with $20.19 per share on Dec. 31, 1942.
Net assets on. Sept. 30,
on
&
intermediate
an
shares
;
Report-
Power
Dissolution—
Treasury bills,
U. S.
National Bond & Share Corp.—Quarterly
are
7,441
13,527
in
directors
ferred
Newberry Co.—Sept. Sales Up 11.0%—'
National
$931,068; U. S.
"G,"
reserve
paid-in
Taking securities owned
"1943
169,045
4,801
production
output
Federal
New
of
,
"
348,804
"63,780
325
ended
of
year
dividend
contingencies,
for 1942, of which $540,000
taxes.—V.-158, 1350.
profits
158, p. 1072.
The
$2,386,373;
30,800 shares,
total,
$2,746,550
342,573
27.052
Regular Quarterly Dividend Rate—
on
$507,500; paid-in surplus,
$2,278,963.—V. 158, p. 1174.
total,
a
The
on
U. S. Treasury certificates series "E'\ $50,000;
$13,106; receivable on delivery of securities sold,
$5,715,667;
prepaid
charges,
$9,422;
total,
Liabilities—Accruals, $3,518;
(par
$1,385,240
92,063
de¬
54,049,731
New
par),
no
$869,302;
income
reserve
contracts
of
$7,274,473.
»
$383,784
1476.
of
Co.—Renegotiation of Contracts—
reports
excess
(J. J.)
unrealized appreciation based
of
1943—12 Mos.—1942
$152,592
is $396,486.
$499,530; U. S. defense bonds series
$5,679;
their
unrealized
deduction
average
Balance
series
of
shows
determined
purposes
of Company Only
Cr2,301
for
ft.
cu.
increase
Government
59,404
For tax purposes the cost of securi¬
identified certificates;
the estimated
'
oil
have been
corporate
over-
1913
$648,842;
Federal
$42,799;
surplus,
company
Period End.
average
whether
eight months
,
1943—3 Mos.—1942
'
kwh.
above
p.
.payable—trade,
$31,164;
accounts
payable—
wages,
commissions, services, etc., $23,885;
$117,136),
notes
he stated.—V.
year,
$555,877
discount.
Profits from
the
income
the month
Gas
$1; total, $2,278,968.
patents, etc.,
general,
taxes,
Oct.
on
$909,526
$4,580,437
$69,167
$59,651
output
increase
an
accrued
Sales
.
applicable to
.
production of
432,996,000
payments
aggregating $111,833, this company has
extinguished the remainder of its first mortgage notes issued in 1941
and reduced
to
$500,000 the regulation "V" bank loan which now
constitutes its only fixed debt, Arthur J. Brandt, President, announced
5,750
—
tax
of
tax—..
week
of
$2.94
National Tool Co.—Debt Reduction—
'
$1,021,144
111,619
30
stock
$6,460,745
respective periods
adjustment
f
other
from
the
month
$3.37
•
receivable, $100,224; inventories, $130,deferred charges, $7,582; company's own
$10,845;
trade-marks,
negotiation
$48,693
521,872
surtax
after
1,882
and
output
10,704
$493,522
—
at
••'Includes
capital
.
8.48 'v
accounts
National Lead
38,527
,
$890,978
applicable to
credit
88,234
income
602,000
$324,881
196,117
$3.64
___
assets,
capital
The
65,402
...
1
Jan.
paid
Balance
tNet
incometir?flL'5'
Accruals
$163,326
78,573
—
Dividend
51,349,230
surp..
requirements
1942.
12,324,037
an
60,000
$97,924
surtax
prior year.——
Total"
y
taxes
Gas
on
$915,316;
instruments
:
19,061
.
ago.
110,490
$317,577
' 130,744
$13,878;
accrued
"1,063
CY416.997
(net)
tax
—_
surplus,
40,199
income
above
deducting
Treasury
000;
$155,098
—
income
Dr3,544
taxes
stock
$632,937;
66,292
income
Net
13,527
New England Gas & Electric
Through-debt
Earned
Cr2,301
-.t
For
of
434,481
Liabilities—Accounts
1942
——
—
normal
Fed.
Crl27,482
share
per
other
Federal
sale
34,235
$162,262
.
Loss from
83.851
tax....
Federal
oper.
For
sundry,
^
1943
$221,391
——
57.423
34,940
profit
goodwill,
or
$219,205
-
Expenses
Balance
2,643
.
.
$383,621
80,070
capital stock reacquired, $1; fixed assets as appraised by the manage¬
ment as at June 13,
1931, with subsequent additions at cost, $465,955;
should
report
they could
_
.
income
3,675
"Net credit after adjustment of $69,167
overprovision for Federal
capital stock tax applicable to the eight months ended Aug. 31, 1942.—
158, p. 1281.
possible
202;
is after provision of
income tax and surtax
assets
for
income
income
Interest
$519,741
55,424
tax.
add'l
securities,
Sept. 30—
dividend
$374,271
59,851
Balance
1
9 Mos. Ended
29,735
325
taxes
Net
S40.000 in 1941 and $50,000 in 1940, provision
decline in inventory and commitments.
iUnder Revenue
Bill of 1942 as passed by the.House of Representatives.
share
per
repurchased.
Cash
$508,929
$1,278,551
tax._
1072.
Federal normal
amount
$1,215,523
contingencies-
'Before
for
appreciation based on tax cost of securities held at
Sept. 30, 1943.
No provision is necessary for excess profits taxes.
Securities with a readily ascertainable market price are included at
market value,
the value of other securities are stated at cost.
The
valuation
189,468
38,992
inc.
profits
capital
unrealized
not
207,703
33,066
items
Fed.
for
Net
1943—Month—1942
1943—9 Mos.—1942
$6,093,583 $56,772,633 $50,664,239
year
201,670
,
$371,913
Assets—Cash
on
169,045
22,716
•
ductions
and
National Aviation Corp.—Earnings-—
Indicated
348,804
t63.780
7,441
9,350
depreciation-
for
*Res.
Stores in operation during September, 1943, totaled 206,
in
342.573
27,052
.255,081
10,813
deductions
Res.
$6,278,000
—
296,956
63,028
Dividends
Sept, 30—
331,837
03,702
—
Extraordinary
(G. C.) Murphy Co.—September Sales Up 3.04%—
•
88,234
92,063
V.
income
Total
Other
152, p. 126.
—
29,205
$5,230,933
,
4,325,101
Pipe Corp.,
471,020
$6,805,096
deducts.
Aug. 31,
Federal
$308,211
Earnings
Period End.
2,539,332
\
40,319
5,201,728
1,882
unearned.
for
Interest
$3,358,151
3,391,036
...
$3,189,867
2,110,396
Warren
<
6,334,076
4,801
earned
or
Net
1940
$4,404,624
Operating income
sundry
Morrison, Vice-President of the same company, have been elected
Sales
1941
3,371,453
149,090
Res.
President
Dohm,
1,029,087
5,649
-
dividend
Federal
85,620,484
and
$5,201,728
■■
-
$1,034,736
Earnings
Int.' earned and
Mount Hope Mineral RR.—New Directors—
L.
1,441,790
•
Income
158. p. 987.
1942
expenses
gen.
$6,334,076
'•
381
Expenses
1,109,572
expenses
&
Excess
J.
ended
$7,548,588
—$1,607,193
delivery
158, p. 1281.
directors.—V.
1943
of
Prov.
income
oper,
$1,029,087
'
%
provision
$7,514,968
651,844
$8,863,285
5,475,536
$425,545
revs
$7,506,247
-
income
Net
5,025,291
777,794
securities sold, fetc.w:_i;„_i__ Dr2,831,387 Dr2,894,669
goods sold
Selling,' Warehouse
1943—Month—1942
1943—8 Mos.—1942 ,
$3,439,256
$3,016,615 $26,052,884 $21,930,832
5,711
10,583
47,223
74,975
2,321,530
1,928,643
17,142,376
14,340,889
31—
Operating * expenses
Operating
$1,441,790
above).
(as
income
earned
749,143
Years End. June 30—
$61,495,048 404,065,801 403,423.423
'
'
-
Co.
subs..
Nachman-Springfilled Corp.—Earnings—
8
Net
Period End. Aug.
oper.
of
and- other
Other
1943—8 Mos.—1942
,
Mountain States Telephone
Net
4,500,000
5,025,291
*
"Represented by 360,000 no par shares.—V.
1350.
Uncollectible
Light
taxes
"Full
'
Cost
Operating
343,740
'
«
.
taxes
dated
67,171
1
Montgomery Ward & Co., Inc.—September Sales-—
p.
5,623,206
354,690
$1,442,171:
Federal
19,000
4,500,000
Profit -and loss on
5,395,623
187,825
income
Other
$54,000
9,200
•"Capital; stock.
$1,554,223
1,405,802
1,771
Period End. Aug. 31—
'
138,
$54,000
-
—.
Total
-
V.
15—
surplus
9,364,888
1,335,785
Bal. carried to consoli-
taxes
income
&
equity
Federal
*
Capital
8,374,552
ml-
Expenses
$7,548,588
Pay. for securities purchased but not received-
957,534
the period.
to
interests.......
Total
l'
$7,506,247
1
payable Oct.
2,320.190
$2,622,714 $12,084,389 $11,168,674
1942
24,505
for
2,037,207
public....
71,244
•
Light Co.:
297,184
Dividends
to
69,279
$4,942,904 $20,458,941 $20,533,563
$2,779,346
income
Other
v
1943
358,093
Liabilities—
15,353
19,430
24,098
$4,816,553
...
equity of National
in
Sheet, Sept. 30
at cost....—
_
4,133
$4,918,806 $20,389,662 $20,462,318
30,325
(net)....
National Power &
■
appreciation
1
.
4,767
;•
$4,786,228
...
Power
taxes),
^Dividends; received--and interest accrued31,254
Furniture and fixtures...1!
1
Total
6,638,20(5
$20,370,232 $20,446,965
of
income...
applic.
nority
$7,226,898
893.
p.
$4,914,673
lease
divs.
Portion
securities
estimated
$7,116,898
2,939,792
$3,662,189
158,
$4,781,461
5,528,543
■*
...
Sept.
Balance
•
Securities :owned,
Cash in banks
$5,451,549
233,054
•'.'Balance
—V.
6,883,752
to
public and
deductions.....
Balance
substan¬
\
unrealized appreciation
Aggregate
Surplus
stock
pfd.
to
1.640,088
43,364,224
13,977,023
res,—
income
other
during 9 months ended
Sept. 30, 1943 (after estimated taxes), $1,036,391.
Dr2,644
158,527
$271,072
205,430
——$314,616
Dividends- applic.
1,687,743
income
$1,500 and auditing
Realized net profit from sales of securities (computed on
costs) carried to profit and loss on securities sold
Notes—(1)
Reserve
Net
......
(net)
Gross
the basis of average
$5,454,193
$7,089,282
7,164
^
—$520,046
income
Interest, etc., deducts.--
5,321,193
$35,836
360,000
$0.56
to American Red Cross of
holders.,
1,888,521
•
revenues---
12,725,579
1,458,937
from
Int.
Net
42,286,524
4.147,754
Operating
+N'o provision for Federal income taxes has been made
expected the corporation will elect to be taxed for the year
$1,045,754;
2,094,036
173,612
$197,836
162,000
tially all net Income for the year from dividends and Interest to stock¬
4,935,285
158,194
168,043
—_
Property retirement and
162,000
$1,700.
it
as
$5
4,792,165
469,513
depletion res. approp.
10,830,673
1,348,960
revs.—h.-.
oper.
Rent
19,546
$200,435
.
head¬
1943—12 Mos.—1942
3,046,554
retirement
Net
$14,802
360,000:
$0.63
share
$119,530.
362,992
$176,802
162,000
$63,713
,
its
at
22,173
5,700
162,000
$225,713
*
hearing
a
10,841.595
.
appropriations
?
11,092
for
Statement
1943—3 Mos.—1942
taxes
Prop,
$239,554.
32,728
••
"Includes contribution
fee
(& Subs,)-—Earnings—
—_
31—
SEC
Income
revenues..4. $21,706,313 $22,992,125 $87,587,280 $89,954,96(5
expenses....
taxes
Federal
^
*
31—
taxes
1,160
$238,863
21,218
"22,950
1
income
Earnings per
held
meeting
a
$209,112.
the
14,
Subsidiaries:
Operating
Operating
1,232
,
1943—Month—1942
1943—12 Mos.—1942
revenues-'-"-$1,675,670
$1,551,185 $21,460,631 $20,123,063
expenses
484,171
485,958
5,710,236
5,758.991
Operating
Operating
6,495
■
owned
Montana Power Co.
14,179
11,544
•Shs. cap, stk. (no par).-
simplifying the capital structure, the exchange
saving in annual preferred dividend requirements.
approved
Sep. 20.—V. 158, p. 962.
1,492
:
Dividends declared c
stock for 19,513 shares
of the proposed exchange offer, holders
was
6,151
1940
■
plants
Net
to
permit some
exchange
5,069
oper. exps...
miscell. Fed.,
for
State
preferred
$6
stock
$6
$235,671
fees, salaries,
other
&
Frov.
authorized company to exchange
has
of
Under terms
of
share
Period End. Aug.
1941
$226,217
8,162
bonds
income
Directors'
f
The Federal Power Commission
of
i
1942
sec.
by
down
set
was
Other
$213,539;
Montana-Dakota Utilities Co,—FPC Authorizes
of
matter
Consolidated
$189,864
Other income
Total
payable,
shares
The
s
quarters at Philadelphia on Oct.
"
Exchange—
17,739
appreciation
$234,196
Surplus
remaining
unrealized
on
1535
Account, Nine Months Ended Sept. 30
dividends
Taxable
employees' payroll
deduc¬
tions, $22,493; accrued liabilities, $213,082; provision for Federal in¬
come taxes,
(less U. S. Treasury notes, tax series, $158,130); $286,870;
provision for additional Federal and State incomes taxes applicable
to
prior year, $25,000; reserve for post-war adjustments and other
contingencies, $200,000; capital stock (100,000 shares, no par), $242,500; paid-in surplus, $45;448; earned surplus, $2,914,819; total, $4,163,751.—V. 156, p. 1506.
its
taxes
1943
officer,-$63,575;
:£M
K{,J
•
Liabilities—Accounts
life
on
for
...
inventories,
$995,965;
share
a
held.
securities
obligations, $200,000; accounts receivable
ment
CHRONICLE
New Jersey State
Board of Public Utility Commissioners on
approved the application of the company for permission to sell
investments which the board said were valued at
$5,356,956.
Included in the sale were 341,350 shares of common stock of the
Oct.
9
New
Jersey Central Power & Light Co., valued by the Commission at
These will be purchased by the NY PA NJ Utilities
Cq,,
company of New Jersey
Power & Light.
$4,312,308.
parent
The
would
approved transactions, the Commission asserted in
have
investments
the
in
effect
of
affiliates,
a statement,
eliminating New Jersey.Power & Light's
"which investments are not related to its
."utility business, and will provide funds for the reduction of its
debt qnd th^" improvement of its capital structure."
'funded
1536
THE COMMERCIAL & FINANCIAL
CHRONICLE
The
Commission
said
funds
sale
the
from
would
be
used
by
New
U. G. I. Party to
Jersey Power & Light to redeem $4,905,000 first mortgage 4V2% bonds
due in 1960.
The cost, including payment of 5% call premiums and
accrued interest to the effective call date, would be $5,297,400,
the
Commission
estimated.—V,
158,
New York Air Brake
9
Months
Net
income
Res.
for
Ended
Sept.
irt3o„rr
•;
*
——
Fed.
est.
Co.—Earnings—
30—
inc.
and
—
$2,253,207
*1,559,900
$693,307
$915,876
_
after
taxes
share
per
_—
—$2.67
"After
applying estimated
post-war
refund
applying estimated post-war refund of $250,000.
The provision for Federal income and excess
nine months ended Sept. 30, 1943, is based upon
Act; the provision for the 1942 period was based
that
at
for
which
The
less
time,
contained
was
of
amount
such
accordingly,
periods. ' -
profits
the
depends
only
be
taxes
for
the
respect
directors
the
no
June
1
Oct.
on
value
par
record Nov.
15.
13
Like amounts
and
Sept. 1, last,
158, p. 293.
1942.—V.
declared
common
were
and
dividend
a
stock,
disbursed
Feb.
on
of
payable
50
cents
Dec.
1
this
on
2; May
1,
issue
Aug.
and
A.
Ritchie,- Chairman of the Board,
Oct.
on
9
announced
the company has set aside
$858,765 for the retirement
of
Jan.
on
the
retirements
will
reduce
1944,
order
attorney
would
York
Life
Insurance
Co.—Makes
Gains During Third Quarter of 1943—
An
increase
of
Net
compared
Oct.
force
the
the
total
volume
which
had
chiefly as
and employment in
The
volume
year
was
36%
a
of
Although
decline
25%
leaves
of
insurance
representing
There
in
the
volume
the
the
third
made
since
on
A
quarter
with
force
on
no
amount
the
.1943,
life
insurance
quarter
of
—V.
Sept.
30,
1943,
Corp.—Earnings—
lower
was
exceeded
substantial
a
Jan.
Sept. 11/43
Sept. 5/42
$2,712,869
$3,379,639
1,156,869
1,233,639
$2.13
$2.28
410,881
$0.76
for certain
share
per
on
District
Judge
Carroll
Commission's
plan
C.
$7,280,000,000,
15,
Aug. 31—
Other
for
reorganizing
the
road
15,
40 cents,
and
ended
Dec.
30,
were
Electric
26,626
514,415
37,405
835,776
an
proceeds
To
Gas
sell
an
and
amended
of
and
to
its
that
gested
it
commented
would
to
the
jections ought
to
be
considerable
a
assembled
lawyers
time.
that
Before
he
felt
adjournment,
that
"all
the
he
—V.
unpaid
of
40
2,870
a
the
vote
$547,267
12,925
191,235
145,475
$36,890
.
,
properties and
Period End.
Aug. 31—
Co.—Earnings—
Operating
revenues
"Uncollectible
Operating
Net
19,217,916
38,450
58.411
—
13,507,897
of
the
of
expenses
of
of
to
2,188
Electric Co.
Oklahoma
$20,132
&
31,649
40,147
Prov.
for
■
-
■
$324,382
$267,243
Net
21,928
27,907
Other
$239,336
Net
74,910
52,878
capital stock.
disbursed
in
of
stock of
revs.—
7,973,053
6,678,788
4,064,933
63,297.909
54,704,830
5,311,130
40,992,046
34,150,196
2,661,923
2,613,855
30
announced
that
1,867,394
22,305,863
18,326,067
158,
1281.
p.
••
16,410,617
Niagara Hudson Power Corp.—Plan
Hearing Delayed
by SEC—
consolidated
Hudson system
hearing
the
on
reorganization
plan
was
of
the
Niagara
postponed Oct. 8 until Nov. 9
by the SEC.
Originally scheduled for Oct. 19, the
hearing was deferred because
hearings before the New York P. S.
Commission relating to the
plan
are still
in
progress.
SEC's hearing
of
the
between
Boston,
June 27. '42
June 29, '40
$5,239,032
$4,921,272
4,431,486
400,253
418,356
397,319
4.297,162
324,657
$671,686
$549,806
$410,227
$299,453
55,464
47,955
54,701
62,296
$597,761
$464,928
$361,749
32,777
135,819
140,794
143,558
25,775
26,846
7,746
for
income
Air¬
■Prov.
the
week
for
Com.
the
_
tax.
3,600
inc.
adj.
with
the
has
petitioned
dividends
Board
cities
for
permission
to
provide
consider
an
clause
of
under
the
the
"death
Holding Company Act.
Company Protests
Recommendation for
Accounting by Niagara Falls Power Co.—
recommendation
of
accounting
by company
would
protest was
Hudson Power
of
on
the
York
Falls
P.
Power
ground
that
S.
Twin
was
would
voiced
by
Randall J.
took
exception
for
More Revenue
protested
ruin
the
corporation
Passengers Carried—
carried
estimated
an
a
Oct.
September,
nearly
1942.—V. 158,
September,
3,000,000
pp.
895,
more
Operating
oper.
system.
H
H'ne
for the Commission, that approximately
in
the
utility-plant account of
Niagara Falls
charged against surplus.
oper.
Operating
62,048
155,124
155,124
155,124
155.124
$1.47
$1.34
$1.32
$0.87
share—
loss on
marketable securities.
(less
Balance
Boeuf
asserted
Commission,
He
declared
company
the
the
items
detailed
represented securities
and
adoption
would
be
of
or
Hine's
unjust
to
consolidation."
Net
2,795,291
In
connection
from
22,958,257
the
have
1943—8 Mos."—1942
Attorneys representing stockholders
Niagara Hudson system on Oct. 13
tna,t
in
Hine, a witness for the
cash paid out
by the company.
interpretation
of
companies
requested
the
"would
holders.
the
It
embraced
Commission
proceedings involving the system's
proposed
solidation now
being held at Albany, it would not
cost of
the
properties of constituent
companies.
ruin
would
been
with
Toronto
the
Stock
transferred
Ltd.—Assets Transferred—
delistment
Exchange,
to
a
$8,440,166
taxes
oper.
982,056
income
158,
p.
—
$591,251
533,933
$579,155
515,960
new
Ontario Nickel Mines,
4,672,774
$4,629,682
$3,767,392
3,615,961
4,110,051
Ontario Nickel Corp.,
of
the
the
stock
company
company,
these
indefinitely
stockholders.
Their protests were
directed at
Counsel to the
i! -J?r0C
ings relfting
T?Uorfrfonrir SV C0FPri^inS 2,000
Randall J
Le
Boeuf,
that
the
Niagara
in
^to
pages
Commission rule out
Commission reserved decision.
all
Southern
the
rule
plan of con¬
consider, the original
The attorneys, Welles
and present serious problems
r
;•
.
;
,
Occidental Insurance
and
company
the
^Operating
this
as
corporation
that
its
Ontario
the
assets
Nickel
new
Ltd.—V.
com¬
158,
Ltd.—Acquisition—
Ltd., above.
1943—3 Mos.—1942
■•...
:
;
.
....
.»,•
••
Taxes
(Calif.)—Changes Name—
Occidental
Indemnity
Co.,
members
Fireman's
156, p.
of
Period Ended Aug. 31—
revenues
Uncollectible
Operating
Net
operating in'come
Other income, net Dr—
the
revenues—
taxes
Net
Net
—V.
operating
income
income
158, p.
Total
income
Interest
Net
Co.—Earnings—
1943—Month—1942
$82,896
$718,819
$645,591
112
103
902
776
60,837
49,550
450,968
401,998
$28,626
11,108
$33,243
15,949
$266,949
$242,817
110,913
$17,518
$17,294
11,515
$115,689
68,930
1176.
•
151,260
•■/
or
5,897,424
5,604,000
5,538,000
—
revenues incl.
in part, in the
25,702,000
1,125,000
23,657,478
24,577,000
3,550,000
23,301,127
5,068,406 $21,027,000
4,306,562
19,073,000
19,923,568
19,769,687
829,018
356,351
3,377,559
following amounts subject to possible refund
event that the final decision in the Wash¬
tFederal taxes
for
the
months
of
1943
have
been
accrued
at
rates
imposed by the Revenue Act of 1942, and reflect deduction
of the 10%
post-war refund of excess profits taxes.
JBefore reservation of
the
V.
'V
whole
1943—12 Mos.—1942
ington rate case is adverse to the" company: $393,500 and
$1,519,700
respectively, in the two periods ending in 1943; and
$355,200 and $1,363,200 repsectjvely, in the two periods ending in 1942.
$131,904
86,378
—
^-Operating
in
158,954
6,398,000
794,000
-w
—
6,056,378
328,000
——
(& Subs.)—Earns.
43,825,064 196,474,000 163,450,681
28,702,710 125,752,000 108,395,641
9,065,976 t45,020,000
31,397,562
6,726,000
deductions-..—
income
Dividends
1943—8 Mos.—1942
$89,575
11,686
rev.
expenses
oper,
Operating
oper.
___
114,347,000
——
Net
1420.
Ohio Associated Telephone
Operating
54,287,000
33,214,000
revenues.—
Operating expenses
■
Co.
Fund Group, have
charged their names to Western National
Insurance Co. and Western National
Indemnity Co., respectively, it was
announced on Sept. 30 in San Francisco
by Charles R. Page, President
of both
companies.—V.
of
testimony and 410 exhibits.
attorney, 'joined in the request
testimony along this line.
The
RR.—Merger Approved—See Erie
RR.
This
an
Hudson
Nyack &
the
attempt by Laurence J. Olmstead,
Commission, to introduce the
transcript of
to original cost items of Niagara Hudson
assistant
of
stated
known
Pacific Telephone & Telegraph Co.
1176.
Period End. Sept. 30—
wreck
V.
Moot, representing the protective
committee
of
$1.60 preferred
stockholders of Buffalo,
Niagara & Eastern Power
Corp., and Thomas
C, Burke,
representing three Buffalo banks that
own large blocks
of
stock,. stated
the introduction of
testimony along this line
would delay the
proceedings
to
1913
Mines, jLtd,, the basis of exchange being one share in
pany
for each five shares of Ontario Nickel Corp.,
p. 1073.
18,649,017
$1,350,083 $11,987,945
770,928
7,358,263
$1,573,307
revenues
income
—V.
by
security
tMortgage note interest
Sheet, June 26,
,
Le
127,095
reserve
Ontario Nickel Corp.
Co.—Earnings-
See
Net
by Willard
more
flown
.
2)984,395
expenses
4,045,666
$4,151,625 $34,984,966 $27,155,757
6.251
38,764
66,574
4,677
rev._
flew
100,000
77,572
6^7.
1943—Month—1942
$4,562,379
the
1942,
Northwest
about
'than
passengers
September,
that
101,676
77,562
•
Net
recommendation
and
revenues——
Uncollectible
Le
the
August,
in
miles
passenger
Northwestern Bell Telephone
13
.
^cSni«nLvaluaJtion enSiueer
$15,000,000 of items
Power Co. be
in
revenue
revenue
in
76,203
77.562
Liabilities—Notes payable to banks,
$875,000; trade accounts payable,
commissions, pay" roll taxes, etc., $493,610; accrued taxes,
interest,
and insurance, $55,745; Federal and state taxes
on
income—estimated,
$291,662; salesmen's guaranty deposits, less deposits in trust
funds,
$54,187; current maturities of long-term debt, $50,450;
long-term debt,
$755,775;
reserves,
$219,063;
6%
preferred stock, .cumulative
(par
$100), $2,060,400; common stock (par $1), $166,290;
capital surplus,
$325,429; earned surplus, $1,821,249; capital stock in
treasury—pre¬
ferred stock—3,671 shares, Dr$118,147;
common
stock—11,166 shares,
Z)r$52,832; total, $6,997,881.—V: 156, p. 1332.
*
10,125
company
Boeuf, counsel for Niagara
Commission's hearing on proposed
to
than
in
of
revi¬
to
Cities.-
The
$306,387
101.601
—
$397,028; marketable securities, $2,298; trade accounts
of $101,966),
$591,372; inventories, $2,462,751;
cash surrender value of life
insurance, $124,484; investments and other
assets, $117,856; property, plant, and
equipment, $3,153,685; goodwill,
$1; deferred charges, $148,406; total, $6,997,881.
receivable
in
Period Ended Aug. 31—1
Commission
Co.,
"it
Corp., during the
operating companies within
the
Boeuf
New
Revision
service
$237,758
50,000
Assets—Cash.
three states—Beloit, Wis.,
Rockford, 111., La
Crosse, Wis., and Dubuque, la.—on its flights between
Chicago and the
Operating
unjust to security holders."
The
merger
the
by Niagara
counsel
be
to
sentence"
daily
60,000
$310,096
—
outstand—
^Provision for
,
the
additional
110,000
50,000
only.
plan of this corporation to develop a system of
local services integrated with service on its
present transcontinental
route, recently filed with the Civil Aeronautics Board, the
company
four
*175*000
$329,997
dividends
per
1.640
285*000
taxes—
post-war
shares
Earns,
1476.
7,293
*11,500
—
profit
Common
1943,
disct.,
(net)
Fed.
for
Net
Northwest Airlines, Inc.—Files Petition With CAB—
7,000,000
will
application filed by Niagara
Corp., a subsidiary of United
Corp.,;and Buffalo Niagara
Eastern Power
Corp., a Niagara subsidiary, in
connection with cor¬
porate simplification
proceedings instituted
Le
ended
p.
&
and
Hyannis, Oak
158, p. 1073.
interest-
affiliates
Prov.
(Del.)—Weekly Output—
for
company
quarters.—
June 28, '41
oper._
bond
State
Provincetown,
preceding
4.919,950
expenses,
etc.—
for loss on invest.
this
and Nantucket Island—V.
nine
$727,149
deduct,
39,552,000 kwh., as compared with 36,666,000 kwh.
corresponding-week-Jast year, an increase of 7.9%.—V. 158,
line
to pay $2,593,704 in cash
payment of all stock discount
$5,888,112
—
mtge,
int.,
Misc.
Hudson Power
sion
&
in
had
9,
In
Co.
$6,244,022
5,172,084
exps...,
from
acquired the
defunct Mayflower Air¬
during September, compared with 5,936 carried
according to Croil Hunter, President, who added
The
A
it
Oct.
20.554,634
2,124,678
income
oper.
par
the latter company having
stock,
full
as
each
depreciation-
income
Bond
Inc.—Acquisition, Etc.—
Sept.
this
at
Electric
outstanding stock of all classes.—V. 158,
June 26, '43
sales-
on
profit
Prov.
operating franchise of the now
was seeking Civil'Aeronautics Board
approval of
granting of this approval would enable Northeast
output
cash
have declared
general
prof,
Other
Martha's Vineyard,
Electric
for
and
Consolidated Income Account
Preferred
12,480,717 104,261,120 101,285,119
Co.
Gas
195.
profits
Oper.
3,199
Northern States Power Co.
416,118
par
,
Year Ended—
167,908,301 156,406,067
349,272
a
voting rights of each share
share to five votes per share.
Omar, Inc.—Annual Report—
$302,454
operate
give
$2,590,000;
common
,
were
$307,390
totaled
income
A
on
$
to
the
per
proposes:
Gas and Electric
common
said
Consolidated
Net
—V.
$
Inc.,
Bluffs
1943—8 Mos
Mos,—1942
';
•
21,519,400
Operating taxes
Net
;
rev._
oper.
oper.
$
and
The
lines,
1942
1943—Month—1942
$
Inc.,
surplus;
(a)
an extra
dividend of 50 cents per share
to the usual quarterly dividend of $1.50
per share on the
stock, both payable Nov. 1 to holders of record Oct. 18.
Like
158, p.
and
purchase.
earned
addition
$356,031
158, p. 1282.
lines,
New York Telephone
from
incorporation
capital contribution to the Oklahoma Gas and Electric
$452,864
ob¬
1476.
p.
of
Co.
stock
value
par
sale
The directors
1,502
$49,815
$22,320
on
.
at
Okonite Co.—50-Cent Extra Distribution—
198,915
16,238
corporation
serial
stock
$451,362
$38,558
Northeast Airlines,
$193,125
articles
increase
Oklahoma
common
989.
amounts
284,750
income
The
preferred
dividends;
having
to
one
p.
be
sustained, if the position of each objector could
be considered individually."
He added that as in any bankruptcy
pro¬
ceeding, "there just isn't enough to
satisfy all the parties."—V. 158,
premium of
aforesaid
capital
Electric
the
aggregate
After
common
392
on
call
a
the
/; "•
aggregate par value of $1,600,000;
231,405
$544,396
—
Dividends declared
of
cumulative
and
.
Net
acquired
the disposition of the unamortized
bal¬
Adjustments Account by appropriations of
all of the latter
company's
273,338
■
18,554
$33,690
First Collateral Lien Bonds—3% inc.
on
debentures at
the
surplus
each; and (c)
preferred stock from
Co, of 16,000 shares
1,017,901
r
■
be
$2,172,921
$49,775
deductions
Interest
its
decrease
(2) To make
V.
—_
to
for
Plant
capital
amend
the
Gross
Balance
stock
purchasers $6,500,000 10-year serial
accumulated
reserve
to Oklahoma Gas and
25,814
Gross income
a
on
$38,166
Gross income
with
of $20
its
in
income
plus
from
To
to
having
as
1,593,116
common
-
70,815
J.
interest
25,900 shares of the
90 cents.
and
taxes—
_
Other income
Oct.
days' argument—mostly against the plan—by
'
Judge Hincks did not indicate before adjournment how
long it would
fake him to reach a decision, but the volume of
testimony heard sug¬
1943
its
Standard
April 15,
on
of
stock resulting from the proposed
cancellation of common stock and
redemption of 6% cumulative pre¬
ferred stock;
(b) to reduce the par value of its common
stock from
$100 per share to $20
per share and reclassify each
remaining out¬
standing share of its common stock into five shares
like
$3,772,453
102,545
62,725
profits
Operating
7,
creditors'
representatives.
in
(8)
1943—12 Mos.—1942
Interstate
three
during
A
shares
$6,650,000 of its 4%
create
$1,600,000
common
9.
share
To
(1)
the
on
against 25 cents
Payments
155,501
taxes
Income
the
on
declared
1943—Month—1942
$353,021
$234,906
revenues
income
excess
RR.—Hearings Conhearing
been
as
1943.
April
Maintenance
in
Hinck's
has
41,900
vVy
redeem $2,231,700 of its 6%
per
ance
during the 1942 and 1943
to holders of record Oct.
July 15, last,
Jan.
on
,
.
To
effect
sales
the
accrued
.
(7)
Lighting Properties—40-Cent Dividend
cents
15, 50 cents;
774.
p.
Operating
Operation
$150,000,000 since the beginning
reduction
40
cents
Period End.
than
Light Co.—V. 157, f. 2351.
and sell to private
redeem
To
$110
—36 Weeks Ended—
Sept. 5/42
$1,168,881
cancel
plus
(6)
North Texas Co. (& Subs.)-Earnings—
slightly
was
of
40
Federal
been
New York New Haven & Hartford
eluded on Reorganization—
after
(5)
$0.71
disbursed
was
158,
&
notes;
(3)
surrendered.
1943
To
notes;
value, payable Oct. 15
par
and
6,077,523
aforesaid;
(4> To issue
•
dividend
stock,
sales
a
$6,257,216
6,322,054
contribution;
(3)
as
1175.
p.
384,587.
Depreciation
Commerce
capital
the
value
policy loans outstanding,
with policyholders
liquidating such obligations at a much greater rate
than new loans are
being made.
The decrease since the beginning of
1943 is approximately
$30,000,000.
The company's holdings of U. S. Government
obligations on Sept.
30, 1943, exceeded $1,500,000,000, which is
approximately 47% of total
ledger assets.—V. 158, p. 488.
P'ederal
in
told
company,
of
beginning of
for military service
absence
of
third
gain of approximately
a
has
dissolving
are
follows:
the year.
of
158,
share
per
North Boston
lapsed during the third quarter of
corresponding period last year.
There
the
during
in
announced
was
was
higher than during the third quarter a year ago, it
during the first and second quarters of 1943.
Life
the
Sept. 11,'43
$903,587
taxes
p. 195.
insurance
below
mortality
of
1943
over
by
it
during
in
$6,672,920
764,540
The SEC
subject of renegotiation under the provisions of the Sixth
Supplemental Defense Appropriation Act.
The effect of such renego¬
tiation
on
the
company's earnings cannot be determined.—V. 158,
industries.
war
life
22%
was
result
1942,
business
new
increase
reduced
a
of
quarter
of
The
been
War,
this
third
$118,000,000.
$797,125
791,266
has ordered a
hearing for Oct. 21 on a "plan of recapital¬
and readustment" of the
company.
Features of the plan are;
Oklahoma proposes: (1) To purchase from
Standard Gas and Electric
Co.
at par for cash 25,900 shares of its
common
stock having an
aggregate par value of $2,590,000;
(2) To acquire from Standard Gas and Electric Co.
16,000 shares of
its common stock
having an aggregate par value of $1,600,000 as a
37 %
with
The
6.
exceeded
$827,714
income
ization
Mr.
petition.—V.
Note—The prices obtained
Substantial
income
oper.
$1,971,790 $18,158,194 $15,536,029
1,174,665
11,485,274
9,278,813
1,497,308
See Cities Service Power
"oust"
profit after taxes__
Earnings
in new paid-for life insurance was registered
by this company during the three-months period ended Sept. 30,
1943,
as
for
—12 Weeks Ended—
Net .before
the
taxes
Oklahoma Gas & Electric
Co.—Hearing on Plan—
Period—
is
$2,325,022
Ohio Public Service Co.—Acquisition—
1507.
p.
3,342,873
revs.__
1943—8 Mos.—1942
$4,984,472 $44,145,930 $38,928,552
8,891
45.863
82,722
3,003,791
25,941,873
23,309,801
9,443
—V. 158, p. 1176.
1%
periods
New
Net
preferred stock, $100 par, at
dividends.
No
steps have been
accrued
North American Rayon
outstanding funded debt to
comprised of prior lien mortgage 6% gold bonds,
due July 1, 1958.—V.
158, p. 774.
1
which
out¬
first
making effective the authorization.—V. 156,
'"V. ■'■■ / ;
\
SEC
Masterson's
prior lien mortgage 6% gold bonds, due July 1, 1958,
$251,765 (entire outstanding amount) of Sixth Avenue
purchase
mortgage 5% gold bonds, due Jan. 1, 196$.
above
com¬
the
1943—Month—1942
$5,677,338
rev._
expenses
operating
Net
the
offers
oper.
American Light & Power Co.—Asks Court
to
and
The
authorizing
opportunity
North American Light and Power
defending itself against the claim of the Illinois-Iowa Power
Co.,
a
subsidiary, and turn the case over to the stockholders'
group,
headed by Lawrence B. Condon.
The court set Oct. 8 to hear
$607,000 of
$1,472,306
as
from
that
1,
and
hearings.
F.
Masterson,
court
2,
New York City Omnibus Corp.—Plans Debt Retirem't"
John
in
cumulative
James
1,
Nov.
7%
$115
resolution
a
halted
SEC
of
March
on
1
Net
The company, facing a claim which
would absorb its entire assets
$30,000,000 if allowed by the SEC, has asked the
Circuit Court of
Appeals at Philadelphia, to set aside an SEC order
allowing a small
group
of preferred stockholders to interject itself
into
the
claim
proceedings.
The company, which is dissolving under order
of the
Commission, wants the stockholders' statement of claims
share
per
holders
to
Operating
of
year
interim
50-Cent Dividend—
The
on
far
so
approved
cancellation
Telephone Co.—Earnings—
revenues—_
Uncollectible
Nullify SEC Order—
enacted.
full
to
than
more
North
made
for
shares of
the
provision
subsequently
with
for
estimates
of $250,000,
earnings
upon
approximated
not
tAfter
have
purchase
standing
existing Revenue
upon
post-war refund
the Revenue
Act
in
taxes
can
$3,53
$139,000.
shareholders
to
pany
taken
estimated
an
and,
of
Bell
Operating
North American Elevators, Ltd.—To
Buy Stock—
The
income
Net
Earnings
Ohio
Period Ended Aug. 31—
Gas
Operating
12,867,700
—,—._
United
$3,783,576
prof, taxes—
excess
Proceedings—
Securities
and Exchange Commission has
granted the request
Improvement Co. to be made a party to the
proceed¬
ings respecting the approval of a plan for
reorganization of the
Niagara Hudson Power Corp. system.
UGI is a
registered holding
company and owns 8.67%
of
the
outstanding voting securities of
Niagara Hudson.—V. 158, p. 1281.
293.
p.
The
•
of
Monday, October 18, 1943
10%
158,
p.
post-war
1176.
income
refund
of
made in
excess
December, 1942, in respect of
profits
tax
for
the
year
1942.—
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4221
158
Panhandle
Pig'n Whistle Corp. (& Subs.)—Earnings—
Refining Co.—-To Enter In¬
Producing &
vestment Field—
Stockholders
at
Years End. June 30—
special
a
held
meeting
Oct.
on
ratified
8
Sales
the
the
of
investment
field
the maximum value
authorization,
the
securities owned
of
at
intends
company
to
time to 35%
exclusive of cash and Government obligations.
total assets,
any
of
substantial
positions of
enterprises,
or
working
sold—;—
2,133,671
1,364,714
1,229,264
1,070,253
2,407,764
1,590,604
1,451,268
80,470
73,561
76,389
resolution
trading
funds
income,
which
also
desires
it
that
provides
securities
in
"only
the
company
the
to
extent
profit
it
have
may
temporarily to employ."—V. 158, p.
(after
post-war
Gross
less returns, etc.— *$5,669,237
Cost of goods sold, selling, gen. &
admin, expenses
1,715.118
1,031,859
and
$7,937,788
5,332,590
Total
income
Discounts
Prov.
tax
for
Dividends
Earns,
sh.
Note—Depreciation
amounted
to
156,
530,000
.
$1,619,641
450,000
.—_
20,000
stock—300,000
20,000
sales
Net
,20,000
300,000
amortization
1943, $311,988
charged
to
of
other
accounts
and
costs
Sheet.
June
Federal
000;
taxes
Post-par
tax
notes,
within
for
ferred
trade,
other
than
accrued
and
$1,469,759;
Federal
accrued
income
1943
1
5,486,023
:
•
$1,209,136
—
deductions
$321,702;
expenses,
Balance
income and special
on
charge
provision
against
profits
Cr31,900
con¬
500,000
—
for
Federal
taxes
income,
on
prior
Cr445,545
years
.
$315,551
_
dividends
:
:
to
$6,672,-
shares
of
each
old
as
stock
a
116,903
$20
125,000
on
five
par,
share.
shares
capital stock
year
In
$300,000; capital surplus,
total,
$17,952,534.—V,'157,
p.
$1,076,521;
1364.
ties,
changed from sharet, of $100 par
shares being issued in exchange for
25,000 new shares
Balance
hand
on
$92,596;
(par $20)
After
XT.
estimated
taxes
S.
$2,076,528)
$70.3641.
amounted
9,772.788
shipped
£333
profit amounted
net
and
of
loss
a
£514,629
to
2,976.303
(equivalent
bolivianos
Sheet
and
and
notes
(approximately
$608,219;
receivable,
accounts
but
sold
not
long
June
at
1943.
30.
valued
was
inventory
in
Oct.
6%
at'
lent
recurring
late
1941
at
Bs. 12,715,529
before
taxes
shipments and
the
For
is
profit
plus
of
purposes
$4.03'.2*to
1$ approximated
at
the
•
,
exchange
$1.—V.
to
$302,751)
settlement
statement,, conversion
and
Bs. 42
of
account
on
inventory.
this
£1,
(approximately
value
paid July
$1,124,630;
$310,889; accrued
taxes
income
on
$786,726),
1,
preferred
$20)/, $2,500,000;
treasury,
158.
p.
pounds
1381.
and
have
directors
declared
stock, par
common
Dec.
10,
1943.
A
Aug.
15,
1942,
and
$1,
similar
payable Jan.
distribution
Jan.
on
dividend
a
5,
of
for
The
Dr$23,861;
directors
25
cents
1
Dec.
sterling
April
currency
V.
*/
10,
1940.—V.
158,
Jan.
on
15,
on
Other
stock
royalties, local taxes,
estimated
(less
dividend
$111,674;
(par
earned
All
■
the outstanding
oi
1943
May
1,
and
158,
share
holders
to
1
Oct.
$100),
surplus,
$250,000;
and
100
at
Commerce
in
int.
been
called
Payment will
Memphis,
trustee,
for
redemption
last,
on
157,
announced
the
on
oLrecord
Aug.
14,
no
Nov.
last,
par
8.
and
be made at
Memphis,
of
157,
Nov.
stock
.'V
-y:
x
;•••
•'
>
•
^
f
Sales/-—V.
1943—Month—1942
A
declaration
the
value
dividend
a
J
$
331,360,851
>•
■•••"
common
10
and
19.
Sept.
'
See
/
Pennroad Corp.—Increase
flag, according
Under Secretary of
Both
the
railroad
company
the
and
Arguments
were
Pennroad
heard
stockholders
Oct.
7.
to
received
word
War,
it
from
P.
Robert
announced
was
Supreme Court Backs Ruling—
■
:
are
recently.
of
stock
Boston
New..York
and
&
Maine
in
excess
of. amounts
Pennroad,
tended
against
corporation
the
av:
had
stock and State laws
corporation
acquired
restricted
a
and
10y2%
of
corporation
directors-.
He
raliroad's
capital
to
...
10%\
•
only by State Public Service Commission.—V.
157,
p.
Mr.
would
he
-
as
Oct.
on
National
the
13
company
on
Sept.
available
the
net
income
months',
period
ended
pay any interest due Sept. 1,
June
follows:
as
13.
of
Associa¬
cess
profits
pany
the
Utility
Other
a
of
this
40(c)
issue' need
Telephone
Ortiz,
Oct.
President
4
said
a
of
not
Ortiz
take.
said
;
He
he
the
collateral
with the
Sept. 20, 1943.
the
on
Uniform
National
Practice
carry
earlier
coupons
any
Puerto
Rican
Public
Com-
Service
of the equipment and property of ,the
unable
was
added
arranged
which'the
for
that
a
during
$5,000,000
communications
estimate
to
a
how
appraisal
recent trip to the United States
lbari
in
the
long
form
of
the
issue
bond
a
the
authority
scientific research laboratory.—V; 158,
V.
Sept. 30—
1943—Month—1942
$2,749,921
;
158/ p.
1176.
v
'
;•/
Union
Telegraph Co.—V.
Prosperity Co., Inc.
,
6.Months Ended June 30
Profit
Prov.
after
for
all
/:"„/';
Philadelphia Electric Co.—Weekly Output^--..
The
week
.electric .output
ended
of
12.222,000
p.
1476.
-
-
Get.
9,
kwh.,
,
for. the .company
1943
or
.
amounted
11.3%,
over
.
to
the
and
its
same
week
,
158,
1382.-
p:
kwh.,
.
last
an.
./;••,
.
/.
278,687
3,144,581
3,350,430
$272,415
$4,795,541
$3,131,349
550,000
$2,581,349
Federal
purposes
income
taxes
do
have
been
restated
deductions claimed
and
not
refunding
consider
that
for tax puposes arising from
mortgage bonds in April, 1943.
they have any liability for ex¬
other
Balance
Sheet, Aug. 31
investments:
(a)
in
Notes
and
$
134,332,494
655,631
associated
company
655,675
29,515
____________
29,510
/
365,812
366,786
——______
736,056
2,969,891
3,000,776
notes.—
1,707,000
:
239,226
warrants
Accounts
1942
$
122,074,706
—_____
—
receivable
216,158
6,772
45,226
1,379,405
1,503,899
supplies—969,213
953,716
receivable,
Materials and
Prepayments
less
reserve—.
...
105,829
115,098
26,613
1,612,445
201,924
313,052
—
debt
deferred
discount
and
expense
debits
Total
130,731,539 143,880,891
Liabilities—
;
Preferred
,
stock
Common
//,/
'
charges
Subs.)—Earnings—
year.—V.
payable
Accounts
1943
—
1942
.
income
but
and
before
excess
1
$140,107
taxes
56,000
43,449
$65,174
taxes.
profits
$108,623
•■•'•/.class
B
the combined class A and' "
'
/
V
common
stock—$0.50
assets
Current
rent
on
of June
liabilities
as
30,
1943,
amounted
"
1
>
$0.37
cur¬
$498,702, comparing with $4,106,602. and $1,529,225,
June 30, 1942.—V. 158, p. 990.
were
on
Public
Parent
Service
1,000,000
Co.
of
Colorado
—
To
160,000
1,030,554
137,500
deposits
74,245
79,277
2,675,750
2,698,308
562,091
810,515
\
accrued
Interest
'
1,284.188
——
accrued
current
deferred
liabilities-—
credits
58,677
reserve
for
Capital
368,333
undevel.
on
181,991
13,239,916
—
surplus
loss
22,614
902,258
16,897,098
—
reserve
water
sites
1,200,000
915,000
5,918,326
7,021,871
surplus prior to Jan. 1, 1943—
*10,066,934
Earned surplus since Dec. 31,
1942—3,468,794
9,987,663
power
——
—
Earned
—
Total
130,731,539 143,880,891
____________—
♦Deficit.
Ceases
(a)
On
Be
to
July
23,
Subsidiary of Engineers Public Service Co.
1941,
the
SEC
issued
order
an
under
the
Public
Utility
Holding Company Act of 1935 directing Engineers Public Ser¬
vice Co. to dispose of its interest in the
company within one year.
Engineers filed an application, in which Puget Sound joined as a
party,
May
on
Section
11(e)
April
on
visions
27,
of
subsection
Company
affected
On
14, 1942, as amended to April 22, 1943, pursuant to
the Public Utility Holding Company Act of 1935, for
plan for the recapitalization of Puget Sound., The SEC
1943, found this plan necessary to effectuate the pro¬
of
a
Act
by
May
of
6,
the
1943,
District
Court
for
the
terms
and
out
(b)
1935
of
and
such plan, and
court entered
District
provisions
a
date
of
V4
and
company
additional
the
among
share
for
stock
stock
an
each
that
so
was
of
consummated
ceased
prior
holders
share
now
holders
par),
enforce
to
and
carry
plan
The order fixed Sept. 13,
it
has
shares
present
($10
Utility Holding
the persons
approved the plan.
application with the U. S.
and on June 10, 1943, said
finding the plan fair and equitable and provid¬
plan,
the
Public
equiutable -to
to
be
for
of
1943,
that
the
as
date.
of
As
En¬
\
company
preference
stock
shall
be
to
(1)
distri¬
such
held;
thereof
each
on
subsidiary
a
Public Service Co.
plan provides among other things that the
27,500
buted
the
of
consequence,
the
and
order which
Massachusetts
the
ing for the enforcement thereof.
effective
an
filed
of
of
of
11
fair
be
Commission
the
order
an
Section
to
adopted
existing stock on the basis
(2) reclassify its existing pre¬
will
receive
8
shares
of
new
com¬
share
of existing preferred; and (3)
existing common stock so that the holders thereof will
receive l/20th of a share of new common stock (par $10), for each
share of existing common, all rights of the holders of
existing prior
reclassify
its
the
and
preferred
shares
to
unpaid
dividends
accumulated"
at
date
on
which the plan is consummated being cancelled.
plan further provides that before the consummation of the plan
the present, arrears on the prior preference shares will be reduced
by
in the amount of $275,000,
payment
was
paid
on
Sept.
dends. declared
13,
1943,
account;
as
or
$2.50
per
and $137,500 thereof
a
result
of
the
share,
was
directors
.
Company To Sell Control—See
Light Co.—V. 158, p. 92/
Power &
58,918,000
banks——
to
The
:
to $2,868,815 and
14,000,000
56,500,000
———
declared
Customers'
Taxes
debt—.
34,446,847
14,000,000
a
payable
Dividends
from
158,-
—iZ.
long-term
mon
•
for- the
increase
36,119,543
stock
Total
ferred
(&
profit
respectively,
subsidiaries
120.667,000
.
$22,923,676
,
_.
209,140
550,000
U. S. Treasury Tax
Sepcial deposits
issue
$84,107
Fed,
Earnings pet share
1943—9 Mos.—1942
$2,690,892 $25,089,473
1
63,476
$6,481,778
investments, less reserve——./.
Sinking fund cash
preference
Peoples Drug Stores, Inc.—Sept. Sales Rise 2.2%—
—
35,195
$7,940,122
physical property
gineers
Telegraph, Inc.—Merger In Effect—
See-Western
Net
Spies—
4,632
$551,101
Other
not
was
Co.—-Expropriation Planned—
of
survey
•
Period End.
Dr2,581
1943
and
Investment
1943, on the 6%
information was. filed
Rico
Postal
T. Beale, President, announces the purchase by the com¬
Whitemarsh Hall, former residence of the late Edward T.
banker and financier. The purchase includes the residence
adjacent grounds located in Chestnut Hill, Philadelphia, Pa. The
p. -1381.
2,633,455
$6,418,302
taxes.
plant
Said
1948.
of
building will be converted into
2,531,682
$7,904,928
Assets—
.Plant
corpora¬
1943,
30,
planned to purchase
telephone equipmeht; and
property/involved.—V. 158, p, 583. : ; -
Stotesbury,
and
230,604
$546,470
Comparative Consolidated
passed
1943,
Leonard
.
1,286,737
$4,245,541
result of
a
companies
approval of
on
had
with
'
Pennsylvania Salt Mfg. Co.—Purchases Bldg.—'•/-' /
,
announced
Inc.,
above
that
of
company,- which is a subsidiary of International Telephone &
Telegraph Co,.: was under way preparatory to insular government
expropriation proceedings.
' '
'
'
,
six
bonds
mission
eon-
.
the
Committee
above
-..-
.
to
.Benjamin
J
voting
,
1.075,975
$637,884
redemption of first
Amortization
than
that due March 1,
1944, in order to be a good delivery in settlement
of contracts-under the
code.—W15.7, p. 1564.
'
' •' ' rT
of New York, a shareholder
certain-
Dismissal was .ordered by Federal-Circuit Court at
Philadelphia on
ground Massachusetts legislation did not apply to acquisition of stook
by out-of-State.corporation and question could be raised in New York
•
Code,
laws of
Massachusetts.
-•The suit was filed by late David Steckler,
of
by
Dealers,
of
declaring
the
Porto
permitted
1,107,341
$640,465
__
comparative
Total
679.
p.
Practice
Accordingly, under Section
.
'
1
158,
trust
ap¬
.-The U. S..>Supreme Court on Oct.'11 refused to review a decision
dismissing litigation which charged Pennroad had acquired voting
v
1,552,781
*107,108
!
Depreciation
income bonds due
1950,
This
Guaranty Trust Co., trustees for this issue,
'/
.
for
sufficient
"improvident and improper purchases" of several
when the Pennsylvania RR. handled Pennroad's af¬
/•;. ' ■
>// •
..V•■/
pealing his decision.
Uniform
directors
resolution
tion
losses through
made
1,846,115
1,452,931
dividends
Notes
above.—V.
Securities
The
a
Appeals at Philadelphia Oct. 7 to increase to $100,000,000 a $22,judgment which District Judge George A. Welsh entered in
their fa.vor last January 19 against the Pennsylvania RR.
Judge Welsh upheld the stockholders' contention that Pennroad sus¬
'
Corp.
National
of
tion
Sought in Judgment—
104,515
fairs.
7,796,323
107,146
128,319
$428,744
Unamortized
Portland Electric Power Co.—Interest Not Earned—
minority group of stockholders asked the Third U. S. Circuit Court
railroads,
•9,000,145
159,068
amortiz.__
Reserve
323,223.981
of
tained
$23,843,142 $20,763,572
give effect to the provisions of the Revenue Acts applicable during
respective periods. Federal income taxes for 1943 are substantially
the
/'.////K//
"E"
Atlas
The
A
1943—12 Mos.—1942
721.026
...
preference
reduced
1942.—
$
-
Statement
$1,840,673
...
net.
The
stock,
payable.
similar payment was made on
March
on
of
Searle,; for the past year manager of the Monroe Street
corporation's Simplex radio division, Sandusky, Ohio, has
been named manager of the entire
division, it was announced by John
Ballantyne, President.—V. 158, p. 1176.
1074.
p.
259.
p.
244,881
and
"For
in
Plaza Operating Co., N. Y.—New Control-
1943—9 Mos.—1942
47,475,906
—43,041,101
158,
157,
(& Subs.)—Earnings
Income
$2,056,264
revenues.—
Other
*
$9,156,766.—V.
1943—Month—1942
Balance
"
-
Lionel M.
(J. C.) Penney Co.—September Sales Off 9.34%—
Period End. Sept. 30—
Consolidated
...
Balance
stock;
plant of the
1.
1364.
p.
tax
99,765
._
income,
Interest
on
\ Official. Promoted—
the National Bank of
Tenq.—V.
State
and
Treasury
117,748
...
Balance
$560,000;
common
2455.
p.
491.
p.
Army-Navy
Called—
as
total,
794,337
oper.
Other
collateral
capital
'
$1,131,410;
$5,482,137;—V.
11
S.
property, etc., reserves, $1,875,328; other
stock (par $5), $2,748,670; paid-in surplus,
capital
surplus, $2,388,843;
revenues-
S.
U.
payable
For continued high achievement in the production of war materiel,
this corporation has been awarded a second white star to add to its
10-year 2nd mtge. & collateral trust 5%. bonds
have
1934,
Federal
U.
$54,091;
wages,
earned
taxes
Net
inventory,
'
dated
1943
accounts, ^payable, $189,098;
profits taxes ($1,275,000; less
Federal income taxes
1943, $30,976; sinking fund installment due
total,
on
per
Patterson,
Peabody Hotel Co., Memphis, Tenn.—Bonds
30,
;
1282.
p.
June
demand
Philco Corp.-fc-New Award—
share
per
1944, to holders of record
made
was
cent
one
Sheet,
and
,
; Paymaster Consolidated Mines, Ltd.—Dividend—
The
547,959
Depreciation
Other
the.
686,588
$80,000.
notes
$999,356;
Cash
•
of
Bolivian
hand
on
excess
Maintenance
Pfeiffer Brewing Co.—25-Cent Distribution—
non¬
1942
961,684
of
—
'
•
-
of
of
in
and
Operating
Operation
as
$737,517)
to
series,
tax
cumulative
(par
ton
pons,
credit
Comparative
securi¬
marketable
1943, $28,000; reserves, $509,202; first mortgage and
20-year 4% sinking fund bonds; due April 1, 1957,
trust,
of fine tin (60 cents per poundi F.O.B. South
against /he same price at June 30. 1942.
Profits for the first six months of 1942 included
£182,780 (equiva¬
per
1,
Federal
$73,848;
Notes,
stock
common
$1,065,639
1,099,468
stock-
May 31, 1943
deposit,
on
Liabilities—Accounts payable,
etc.,
$1,309,782
Puget Sound Power & Light Co.
to
Treasury
,/> '/
—_
$1,400,020
Period Ended Aug. 31—
the
interest,
to
For the same period in 1942, profits, after taxes as adjusted,,
to
£748,564 (equivalent to U. S. $3,020,456) and a loss of
bolivianos
Tin
in
concentrates
(approximately $232,685).
American
capital
$693,612;
issued
were
investments
and
other
assets,
$370,431;
investment
in
subsidiary corporations 100%
owned,
$2,971; investment in
wholly-owned domestic subsidiary corporation, $27,393; property, plant
and equipment, $1,837,387; goodwill, patents, etq., $1; deferred charges,
$39,574;
total,
$5,482,(137.
-
Company reports for the six months ended June 30, 1943/ estimated
net income of
£514,629 (equivalent to U. S. $2,076,528) plus 20,261,797
bolivianos (approximately $482,4231 before providing for income taxes.
215,000
■
$1,207,805
year
post-war
salaries
$1,378,934;
PaUno Mines & Enterprises Consolidated Inc.—Earns.
215,000
savings notes $1,260,000), $15,000; property, capital stock, social secur¬
ity, etc., taxes, $125,389; due employees for war bond deductions (less
bonds
not
yet issued, $16,669), $3,707; contract discounts,
$63,673;
Prior
•
earned surplus, $2,850,-
7,464
236,332
deposits, $881,865; accounts re¬
receivable, $4,000; inventories, $455,089; U. S.
Government securities, $1,614,050; cash on
deposit appropriated for
expansion
of
plant,
$125,000;
investments—U.
S.
Treasury
bonds,
$120,243; property, plant and equipment, $3,888,844; leaseholds, $1,304,483;
intangible
assets,
$77,825;
other
assets,
$191,878;
total,
$2.40
was
new
addition,
$20)——
(par
dividend.
Assets—Cash
18,604
467,162
828,787
*730,000
/
Balance
foreign
433;
on
for
Assets—Cash
14,538
-
...
*500,000
share
'During the
for
24,148
566,477
„
413,285
.v,
ceivable, $493,490;
Cr41,600
tax
tax.—
etc,
per
28,689
$1,309,435
state
conting—
940,000
excess
profits
excess
dividends—Cash
Earnings
mortgage payable, 4'/a %, due March 1,
for contingencies, $550,000; convertible pre¬
cumulative
(par
$20),
$400,000;
common
shares
$1
•_■
gen.
♦Less
$1,236,506
estimated
Stock
payroll,
33,359
$2,010,548
27,369
,
post-war adjustments, wartime contract
provision
Common
$408,835;
taxes,
&
income
Dlvs.
reserve
shares,
(par $1),
of
$100,000;
year,
$875,000;
May 31,
* $6,695,164 '
credit
refund
Preferred
Federal
taxes
on
income
(less U.
S.
Treasury
C,
$550,000», $2,433,291;
mortgage payments due
series
one
1953.
payable,
taxes,
for
Ended
shipped—,
income,
on
tingencies,
Excess
banks
in
Year
$4,778,731;
payable
provision
sales
retirement
Debt
28,538
$2,819,432
profits tax—_
post-war and
for
income
shipped—
net
Profit before Federal taxes
re¬
1943
30,
for
profit——.—
income, net, after other
Other
1941.
in
Fed.
reserves,
expenses
refunds in respect of renegotiation of war contracts,
estimated
Statement
Operating
$3.79
and $121,241
1942
in
16,030
$1,426,526.
4
225,000
$3.83
$4.03
com.
in
Liabilities—Accounts
accrued
total,
$1;
taxes
Pfaudler Co.—Earnings—
Income
100,000
v;
$1,280,746
$2,566,090
Liabilities—^-Trade
(The)
and cash on hand, $2,535,027;
inventories, $7,260,696; other assets,
$280,080; plant and equipment, $2,920,476; prepaid insurance, taxes,
etc., $176,424; patents (at cost less $400 allowance for amortization),
$1,100; total, $17,952,534.
$494,992;
trademarks,
$1,977,189
$9,156,766.
$1,157,209
deposits
receivable,
and
income
1243.
p.
$1,257,209
■
$1,169,641
Balance
accounts
goodwill
500,789
$2,790,894
oper.
taxes
exc.
Net
740,000
Provision
Assets—Demand
$689,278;
V.
151,494
800,000
2,500,000
and
$581,211
$380,674;
deferred
assets
(including
post-war
credit of $15,800), $61,927; equipment, leaseholds
(less reserve for depreciation and amortization of
tax
$1,781,535
601,818
tax
losses),
>
64,914
♦After deducting provision for estimated refund in respect of
negotiation of war contracts. tLess post-war credit of $261,500.
•
for
73,505
$1,230,276
300,000 shs.
on
payroll
allowance
$2,678,703
stock....
common
on
per
$42,436;
(less
of
Cost
preferred
collections,
tax
receivable
$2,579,008
596,350
deductions—..
for
other
$4,954,572
34,931
357,000
contingencies.—
on
sales
accounts
Liabilities—Federal
$2,605,198
•
12,353,500
—„—
Dividends
$195,943;
$3,387,244
$2,550,060
4
exps
lilcome
income
1943
$4,005,690
income..—
on
Balance
30,
39,438
income$1,230,276
Provision
June
$4,915,133
profits tax
Net
Sheet,
3,810,112
income
Prov.
Fed!
$15,800).
Balance
51,570
rentals
____
Federal
of
*$19,846
$22,025
profits tax of $234,000
payable '(less
tax
anticipation
$200,000), $168,929; accounts payable, $188,973;
sales tax
collections, $42,436; payroll tax collections, $44,847; accrued liabilities,
$49,066; participating preferred stock <85,000 no par shares, less 15
shares in Treasury), $1,359,760; common stock (108,000 no par shares)
$108,000; capital surplus, $65,987; deficit, $601,472; total. $1,426,526.—
allowed, interest, etc.-—
for
Excess
credit
$5,591,646
4,861,241
$3,361,145
811,085
from sales
gen.
from
Gross
$3,954,120
-
royalties,
earned,
$42,398
tax
improvements
notes
Operating profit
$227,295
excess
1940
$7,440,249
6,650,683
12,356
inventories,
$1,688,314),
,
Profit
Dr600
$44,847;
profits
excess
1941
$5,946,793
,
Discounts
13,521
19,581
Consolidated
$11,420;
sales,
/ 17,800
1073.
1942
&
Other
17il64
for Federal
1941
$8,872,848
5,485,604
sales
Gross prof,
Prov.
idle
Co.—Earnings1943
of
Selling
*$32,202
—
Assets—Cash,
Years Ended June 30—
93,648
$9,104
t353,100
—
collections,
Parker Appliance
$44,179
1,290,988
■
tax
tlncludes provision
1942
$10,011,827
Cost
■
int.
inc.
1943
Sales
Income
shall engage in gen¬
that
less
expenses—.
Fed,
♦Loss.
The
./•■•'
$563,231
for
Net
fields."
eral
goods
other
&
Prov.
controlling interests in special
but not necessarly,
in allied
or
preferably,
of
Profit
acquisition and
situations,
$2,422,692
-
America^—Earnings-
Years End. June 30—
1940
$2,766,025
Other
were
advised
that the directors have
adopted a
providing that "the primary objective of the company shall
retention, so long as may be deemed advisable,
the
Potash Co. of
1941
$3,073,058
one
stockholders
The
resolution
be
1942
$5,185,135
Cost
leum.
Under
1943
—i
Oper. exps, excl. of depreciation & amort..
Deprec. and amortiz—
pro¬
posal of the directors to permit the company to enter the field of gen¬
eral investment as an adjunct to its integrated operations in petro¬
limit
1537
Recapitalize—
Cities Service
in
Oct.
15
to
other
in
arrears-;
deferred
$275,000
amount
13 the payment date for the dividend declared
thus providing for one-half of the foregoing reduc¬
Sept.
January,. 1943,
tion
which
charged to divi¬
having advanced
the
remaining
credits.
which had
This
one-half,
left
or
$137,000
$137,500,
as
the
was
charged
remainder
of
tp;
the
originally been set aside in other deferred credits.
1538
to
THE COMMERCIAL & FINANCIAL CHRONICLE
this
cover
transferred
redaction -in
to
and that amount ($137,500) was
surplus deficit prior to Jan,
1, 1943. The fore-
earned
arrears
Rand's, Pittsburgh—Earnings—
Income
Roing transactions will, in September, 1943, result in (a) a net reduc¬
tion of $14,590,754 in. stated capital, (b) an increase of $17,340,754
in
capital surplus, and (c) a net increase
surplus deficit prior to Jan. 1, 1943.
In
accordance
refinancing
a
of
Its
with
plant
in
of
Debenture
State
Federal
SI,
1913
!
1,878,734'
_•__
—
taxes--
;
and
.
surtaxes
.
24,550
—————■
balance
existing
and
discount
redemption
the
at
as
dates
of
unamortized
debt
call
on
Assets—Cash
premium then paid or
deficit
the
expense
in
the
unappropriated
earned
surplus
account
as
which
will
of
comuanv,
capital surplus is
be
charged
restricted
such
to
provide
$0.24,
of
part
—V.
158,
filed,
as
by
regulatory
any
body
that
•
distribution
1
to
8
cents
share
per
stockholders of lecord Oct.
derived
entirely
This
expenses.
on
of
May
were
1,
and
and
Nov.
2,
7
13
Feb.
with
14
cents.—-V.
cents
158,
distribution,
paid
Feb.
on
cents;
declared,
interest
and
9
cents
2,
been
This
15.
dividend
compares
1943.
follows:
as
from
has
1
is
1,
Aug.
have
Nov.
^861,618.—V. 158,
8
25
in
surplus
1942
addition,
operations,'
from
25
The
share
per
have
and
been*
the
usual
declared
each
quarter
special
a
of
since
including
cents
25
and
was
disbursed
since
1,
—V.
1941,
"Net
sales
——
and
1942
■
8.937,377
—_
__
Communications
At
time,
same
prohibiting
be
orderly
depress
The
the
4,625,869
concentration
of
for
5,074,097
BO,
networks
substantially
hence.
This
issues
deadline
a
which
of two
on
networks
competition,
in
has
the
in
its
that
commitment
as
hitherto
fuller
by
single
a
and
free
basis
of
retain
the
pointed
under
"Only
under
public
out
radio
sale
of
of
Blue
undue
made
the
Blue
of
means
a
at
of
owner
Net
dissemination
possible
as
000
a
public
is
with
is
the
on Sept.
quite general
time tend to be
formulae.
an
"Mr,
mind
open
on
Act," the Commission asserted.
fullest
and
loss
under
utilization
of
for
to
radio
in
the
1942
'
Assets—
to
RCA.
American
$283,038
quarter
R.' C.
A.
Edward
11.
to be
won
Mr,
Noble,
System,
it is said,
Inc.,
is
which
sole
will
be
Network.]
Division
S.
Treasury
A.
flag to the
this
Indianapolis
corporation
announced
was
on
is
Oct.
the
plant of
oper.
*Net
Other
1943—Month—1942
fifth
4.—V.
such
1
1943—8 Mos —1942
^$5,044,443
$5,684,564
385,889
3,322,106
3,681,524
$266,142
$1,722,337
$2,003,040
8,508
5,100
71,520
46,555
$214,701
$271,242
$1,793,857
contracts
fees
expend,
under
Investments
J9r__
,
6,621
.
6,074
$208,080
ord. inc.-
8265,168
8,615
28,762
$199,465
income—
Extraord.
Extraord.
income,
Net
2,749,436
Deducts,
to
$236,406
U,
etc.
•.
Period Ended Aug.
oper.
593,717
\ 9,327,814
1,168,207
$1,695,421
$1,803,813
1,083,550
1,335,900
wuges
2-"'
$989,348
2,750,551
;
-
U.
on
S.
$611,871
$467,913
America—Earnings—
after
643,803
($1
cumul.
($25
1943—Month—1942
1943—8 Mos —1942
$43,359
$40,331
$312,272
$375 834
oper.
revenues-
*$17,523
*$12,351
communicat.
*$150,240
16,142,000
4,623,2.99
4,623,296
'
1,743,290
2-__—2_2_2
U
680.
1,743,040
8,840,050
8.836,550
12,707,417
1,400
Operating income
income, non¬
*$16,123
—
The
$76,111,842 $62,850,431
"f
directors
have
declared
common
stock
and
the
Nov.
1
stock
paid
Feb.
to
holders
to
1,
is
make
and
May,
stock
dividend
*
—.
Oct.
20.
and
the
November
cents
12V2
1,
6V*
cash
•
of
in
cents
each
in
1942.
intention
plus
payable
3%
each
cents
share
per
each,
with
compares
Nov.
present
payments of
and
of
stock, par $1
This
2, last, and
15
is
dividend
common
the
cash
-..
.
company
1 and Aug. 1."
declared the usual
payable
in
dividends
semi-annual
of
the
on
20—V.
preferred
158.
quarterly, dividend
stock,
payable
Nov;; ]
1334
of
holders
to
1283.
p.
Distribution— :J,
Th^ directors on Oct. 5 declared
a dividend of 25 cents per share on
stock, par* $2, payable Oct. 25 to holders oL. record Oct. 16.
This compares with 20 cents per share
paid on April 26, last, and on
April 25 and Oct. 26, 1942.—V. 158, p. 897.
the
common
*$12,351
Reserve Investing
*$139,040
The
*$141,963
122,108
306,926
1,077,943
1,603,219
corporation
$105,985
$294,575
$938,903
$1,461,256
678
750
value,
April
.-
inc.
678
of
in
to
15
and
1942
each;
$294,575
$938,225
84,890
inc.
279,000
758,120
$1,460,506
1,381,195
surplus—
$20,417
$15,575
$180,105
$79,311
158, p. 1177.
reports
market
values
Of
of its outstanding securities as follows:
Period End.—
assets
available
$100
preferred
Per
—V.
bond
common
——I——
share
share
15,
28,
paid
the
Oct.
last,
$629,223
$591,758
——
■
*
$37,465
$203,261
—
—
:
65,212
taxes—
'
46,465l
Income—:
$91,585
hand
on
$308,244;
1
$138,049
and
Sheet
in
Feb.
banks,
28,
1943
8835,168;
: 2
/ f.
S.
U.
Treasury
bonds
accounts
local
taxes,
$243,347;
$62,941;
reserves,
common
total, $7,575,701.—V.
151,
:
Hosiery
Mills,
Inc.—Offers
to
Buy Common
at
$7
share.
a
The
offer
will
be
until
open
158,
31,000
397.
p.
shares
are
.'V
'
Period End. Sept. 30—
—V.
—
—
for
Aug. 31,'43
$240.33
$237.51
265.58
15.
65 cents.—V.
a
A
8..
$5;
like
p.
of
$1
: 2
share
per
preferred
amount
The
20 76
preferred stock
5V,s'/e
stock,
no
each
class
Sept. 30,*42
$201.72
192.51
•
issued,
that
and
scrip
due
on
contracts
for
the
year
recovered
ended
was
Dec.
and
$400,000 under
1942, of which
31,
excess
profits
taxes.—
%£
Russell-Miller Milling Co.—Annual
ReportYear Ended June 30—
*
■
.
•
1943
Net"
income, before deprec. & income taxes.—
Depreciation of plant and equipment—;
Provision
for
State
Provision
for
Net
275,724
taxes.-—65,000
taxes—4708,000
"456,756
$810,023
$718,694
292,690
income
Net
common
preferred
on
preferred
addition
to
53,693
income
——
on
on
~
$1,504,869
307,198
income
Dividends
Dividend
1942
$1,950,221
stock^—i—351,228
stock:.-——84,800
Federal
stock
re-acquired
'•
85,081
285
$373,690
surplus for yeur-—•'
305
$340,637
"Includes $84,287 additional
provision under 1942 Revenue Bill as
passed by the House of Representatives, tlncludes
excess profits tax of
$220,000 less post-war refund of $22,000.: $81 shares in
1943 and 67
in 1942.
/v:::,- ■'
' ■
y
Balance Sheet, June 30, 1043
,
.Assets—Cash
in
bank
and
on
hand, $1,609,524; $500,000 U.
S.
obligations (including $250,000 tax savings notes
series
"C"), $500,000; drafts and acceptances in process of
collection, $823,-460;
notes
and
accounts
receivable,
$1,742,461;
cash
advances
on
grain,
$390,714;
margins
deposited
with
clearing associations. and
Government
brokers
for
company's
own
trades,
$196,873;
cash
funds
segregated
as
required by Commodity Exchange Act, $11,830;
inventories, $13,005,690;*
storage on grain, $131,248; prepaid
expenses, $332,171; other
assets, $78,234; memberships, $60,739; property and
plant, $6,094,967total,, $24,977,911.
Liabilities—Notes
payable—banks and brokers,
$8,170,000; accounts
payable, $1,200,454; customers' margin accounts,
$6,482; grain. drafts
outstanding, $568,280; dividend on preferred stock
payable July
1, "
1943, $42,345;
accrued
Federal,. State and local taxes,
$1,267^968;
reserves, $321,739; 4J/a%
cumulative preferred stock
(par $100),
$L,-•
882,000; common stock (par SlOOl,
$5,853,800; surplus
S5 664 843-total, $24,977,911,—V. 157, p. 1565.
'
'
on
15, 1943.
Payments
July 15 and Oct.T5, SI
294.-
-'-
"Rutland
'
"
-
''
'
in
exchange therefor $120 par
value
Feb.
The
or
not
the holders
in
first
the
holders
of
will
be
exchange.
will
be
1943,
issued
to
made
the
of
of
amount
stock
less
cover
No
since
date
in
their
bonds
.the
15,
75%
tender
no
in
of
its
mortgage
Interest
sold
bonds
to
will
this
issue shall
money
company
purchase before
retire
oper.
oper.
Net
on
value
amounts
,of
the
dividend
of
bonds
stock
before.
or.,
will
less;
and shall
not
to
only be exchanged for
purchase "and
for
preferred
the plan
be
from
retire
than
stock
becomes
which
it
effective, and
stock,
has
the
or
to
purchased
which
-358,691',
ry.
':.'••••
—1—
$60,749
301,250
'
/
Ry. -tax accruals—: 25,222
Equip. & Jt. facil. rents
Cr5,502
Net
$76,048
$314,243
$510,458
21,869
190,778
163,089
Crl45
Cr44.543
Cr2l',723
$41,029
$54,324
$168,008
14,663
$369,092
2,645
104,026
31,684
$55,692
$56,969
$272,034
$400,776
37
37
3,302
'
$55,655
$56,932
'
33,428
33,431
income
ry.
opel'.
income
^Other,
1943—8 Mos.—1942
$3,010,312
$2,810 146
2,696,069.
2.299,688
Total
income
Misc. .deduct,
——
from
(inc.-
for
fixed
•
:
3^087
:
accrue
on
preferred stock
preferred
'
$377,298
be
dividends
will
payment
$419,440
expenses——
revenue
•
1943—Month—1942'
reevnues—
Inc.
avail,
charges
of
raise
the
preferred
par
adjustments
upon
last
the
$100
fractional
additional
the
of
exchange,
than
.
RIl.—Earnings—
Period End. Aug. 31—
Ry.
Operations
offers to
company
prei'errod stock.
or
appointed trans¬
011
interest
from
11 99
Randall-Faichney Corp.—Transfer Agent—
$5,984,927
par
disbursed
was
bonds, plus $2,625 in cash for each share of its preferred
stock,
reimburse
The Colonial Trust Co., New
York, N. Y., has been
fer agent of the preferred
stock.—V. 117, p. 2822.
reports that the Government
of
chargeable to Federal income
158, p. 991.
V.
$7,005,161
Co.—Renegotiation of Contracts—
company
$300,000
1943—9 Mos.—1942
$826,584
1178.
renegotiation
Jan.
011
April 15,
158,
plan of reorganization,
accept, the same and
Dec. 31, 1943.
Since
260.24
21,45
158, p. 1178.
*1943—Month—1942
$914,343
158, p.
Ruberoid
^
Stores, Inc.—Sept. Sales Up—
...
cumul.
against $5
as
Jan.
dividend
a
$7
Riverside Mills, Augusta, Ga.—Bonds to be Issued In
$100
Sep. 30,'43
Per
Per
record
follows:
as
Dec.
15
on
Exchange for Stock—
Under
Railway & Light Securities Co.—Asset Value—
Company
of
July
were
and
Corp.—Pays $1 Dividend—
Oct.
on
accumulations
holders
provided
*
•.
—
(par $li,
stock
Ry.
$105,307
—_
Net income transferred
Toss.—V.
3.458,969
'
trust
notes,
$25,000;
advances
from
U.
S.
$4,715,698; accounts payable, $586,079; customers' credit
$51,835; accrued commissions, wages, etc., $144,261; accrued
tPremium
Feb.
also
share
per
record
Aug.
"it
August
directors
cents
A
Oct.
and Aug.
on
that
payable
cash
a
class
record
May 1
on
1943,
quartely
February,
in
of
announced
account
communication
earned
$4,083,192
)
corporation has notified the Chicago'Stock
Exchange of its offer
purchase a maximum of 31,000 shares of its
outstanding common
to
Republic Drill & Tool Co.—6V4-Cent Cash Dividend—
11,200
Ordinary
to
•
tendered, but not later than Oct. 22.—V.
9,634,672
.
'
2t
——J
p.
17,363,000
.
par)_22—2———i.
surplus
158,
2,528,588
221,676
2,793,515
*$141,963
inc.
net
1943
'
The
555,261
.'
137,823 ' V-2
pari——
Republic Natural Gas Co.—Larger
Other
from
2H,
-653.848
year—-.21-■
———a_—._
$4.50
stock
9,637,532
6,041,638
————a—^.-—2-
stock,
Total
11,909,283
contracts—.
'w2v-i-.-
one
^
Capital
*
517J97
Deducts,
a
accrued
462,512
income—
of
165,796
net
Rollins
1,972,183
•;. :
52,682
Net
Feb.
•.
-
profit—
income
notes,
1,278,770'
-
,
2-—2_2_ '
Government
debt
The
$45,006
60,882
ord.
Ended
r
Sales
$869,547
4,261,826
Earned surplus
of
31—
income
subsidiary
a
1
interest, insurance, rents, etc.—
.2,070,843 f1!,787,092
redemp. of merchandise coupons
completion of service contracts
841,884
760,649
and foreign income and excess profits >2 r
Funded
on
deducts..—
from
now
Shares—
of
Reserves
in
191,400
$69,214
revenues—.
ordin.
Year
$391,000; surplus, $1,355,539;
taxes,
Preferred
9,140
oper.
Gross
not
and
•'
*
i_—__—,——222-
payable
due
3,647
•••••"Net
Deducts,
expenses
income
1733.
p.
1,070,586
1
1
Liabilities
1,258
$236,406
Radiomarine Corp. of
Total
659,927
_
.——^2—2—_—'2— :
accounts
S.
3T
'
Total
is
stock
--.2—r.2-_—,2-2— $76,111,842 $62,650,431
.
payable U.
$1,809,306
130,250
surplus
1283.
p.
—
taxes—estimated
,
$1,694,399
$199,464
inc;_
earned
158.
:
_•
Rose's 5, 10 & 25 Cent
cost
1,723
Net income transferred
I
—V.
it.
Federal, „State
,
•
1,784,811
loans
Trade
It
net
income
4,167,710
_X—.:—i-.8,684,829
-22.2 :2,l,275,025,
Liabilities—
2,280
-
from
for
income---
balances,
20,100,005
4,545,437
advances—-—-.
patents,
expend
A
■
19,595,500
Total
Bank
$1,765,035 -$2,047,872
70,636
238,566
~"~JT1
chgs.
income
* :
'
—2—
charges
Goodwill,
the
to
series
Liabilities—Collateral
coutr.
assets
Deferred
—V.
28,822
Income, Cr___
•
facil.
Properties
on
ord.
govt,
authorized
6
permission
4,/aYo
Government,
equipment————
and
and
.'- 6.782,177
Oct.
on
asking
secured
—
Balance
,
1942
$9,132,308
.
.
—
Rental machines
'
Net
(
cost-plus-l'ixed-fee
=
Inventories
Other
on
—
Reimbursable
$2,049,595
"
from
;
"1943
2,003,200
Common
$206,193
—
Deducts,
80
15,286,881
&
Dividends
$652,031
inc.
Operating income
Ordinary income, non¬
communication
June
2,002,500
and
award
776.
p.
411,795
revenues-A
communicat,
Sheet,
f
158,
$617,988
deducts..-.
oper.
and
17,059,663
the
Communications Inc.—Earnings-
Period Ended Aug. 31—
Total oper. revenues-
Total
Balance
1943
30,
.
receivable, trade (less reserve for doubt*
ful accounts, $11,754),
$767,948; accounts receivable, others, 82.398^473;
notes
receivable, installment, $128,071; inventories,
$2,278,525; other
assets, $658,474; fixed assets, $200,797;
goodwill, $1; total, $7,575,701.
profit and
to
Statement
•
1942.
■
tax
costs
Accrued
"E"
of
by R. C. A., it
C.
30,
$10,972,537
Advance
R.
June
Commission
20-Vear
stated
:
Assets—Cash
savings notes—-
July 30 last announced the
Noble, former Under-Secretary
J.
Broadcasting
Army-Navy
Victor
for
ended
corporation
a
i
Surplus
and
of properties charged
the quarter ended June
its
request
$136,000
ot
Co.,
Manufacturing Corp.—Earnings—
profit
Federal
profits taxes.
~
-
credits
been
the
and/or
&
income
Net
^Including $1,422,-
post-war
excess
has
and
before
exchange
Lane, Space
company as defined in the Holding Company Act,
from Associated Gas &
Electric Co. this summer.
sales
Total
contracts.
Accounts, drafts and notes receivable (net)_2—
Est.
the
contracts.
U. S.
1873
commission
Mills
are
Johnson,
declaration
a
Other deductions—
% $796,542
$813,595
cost-plus-fixed-fee
Cash
on
of $8,000,000.
sum
Blue
of
Fifth "E" Awardof
for
12,390
3,336,509
1,775,416
depreciation
Consolidated
•f
on
debt retirement and
for
the
fees
154,844
7,644
(estimated)
cost-plus-fixed-fee
S2,890,000 in
amounted
$210,038
hearing
which
request
after
1943
and
costs
deducting
in
Unbilled
practice
each
billable
costs
-
$4,300,285
150,775
income
"Includes
Commissions, .salaries and
Award
income
on
in
share
per
Riverside
shares
&
Johnson,
possible."
Network
the
freely
of
President
Commerce, for the
of
"j;U. S. and foreign taxes
11ncludes
of
Other
•
of
addition,
mechanism
a
operate
each request and without any
arbitrary
view, the type of discretion which all licensees
flexibility
Sarnoff,
stockholder
the
the
in
In
as
can
ownerships
judgment."
that
the Communications
such
interest
I David
,
our
amort,
Note—Provision
responsible
present
consider
merits
under
and.
$2,747,429
costs^and expenses on debs._
Expense of properties not used in operations—-
unduly
organiza¬
resulted
possible.
the
speech
to the
access
many
been
of
use
of
independent
own
to
discrimination is, in
must
would
handicapped
advantage,
in the industry requests for the sale or
furnishing of
•disposed of on the basis of rules-of-thumb and fixed
the
the
regulation,-'
investigation into chain broadcasting
mechanism
are
exercises
Int.
s
than
aid
The
appeared
Noble's
' Profit from operations and other income—„
$2,50
by
the
which
sales",
Operating
133,413
.
paid
of
addition,
680.
p.
Operating
$4,166,871
139,430
—
'
its
competitive
Commission also
it
serving
months
$2,607,999
Other income
3.107
of
should
and
each
The
Regulation
control.
speech.
news
that
the Blue will result in four
independent nationwide
declared, "will mean a much fuller
competition between the networks for stations and between
transfer
and
the
Radio
,
that
restraint
a
ordered
without
only when the controls of public
of
the
"This," the Commission
of
free
approved
from
suspended indefinitely to make possible
ownership
a
RCA
transfer
stations
the
of
12
Noble
operations
—
/'
noted
the
as
gave
networks.
Blue
price.
that
operated
Network,
The
Oct.
J.
networks
six
had been
the
of
of
effective
1941,
Commission
measure
Edward
Commission
ownership
made
sale
Established
tion
the
multiple
area
adopted May 2,
the
by
.
the
same
Commission
Network
from
be
In
to
pro.*
severed
was
Gross
-
expenses—1
general
as
1958.
holding
158,
$18,178,345
—
_
to
all
Exchange
corporation's
it
Cost
.19,501,026
—
Sell., admin,
'
Mills
1054.
acquire
Income
———-$26,734,895
—
and
to
Rock-Ola
Net
1943
Riverside
1941.
.-vz-'r.'\:::.
Quarter Ended June 30—
Profit
Federal
and,
Dec.l 22,
on
or
pre¬
>,
purchased
If
withdraw
to
due
registered
Like amounts
May
1382.
P%
Mills
share,
per
established
was
126, p.
$200,000
The
common
Network to Noble—
The
Mills
Securities
to
up
quarterly
the
on
when
the plan is declared effective,
effective.:
yarns.—V.
notes,
cents
share
per
Riverside
Rochester Transit Corp.—-To Withdraw Petition—
Remington Rand Inc.—Earnings—
:
each;-
cents
Corp. of America- -FCC Approves Sale of Blue
purchase of the Blue
Corp. of America.
and
s
payable Nov. 1 to holders of record Oct.-20.
paid
158.
of
cents
tCost of sales
Radio
$90,080;
p., 92.
1943,
any
higher
•
cents
during
8
dividend
of
been
-r-V.
583.
p.
extra
stock, both
company
last,
Payments
and
total,
dividend
announced,
after
2,
Aug.
on
1943.
1,
May
payable
it
income
'■•Riverside
$861,618.
(par) $1),
becomes
corporation
).
y
total,
26,
of
and
resell
at
or
which
value
may
(incorporated in Georgia) since Oct. 17, 1881.
'
"
The
activities
of
this company
are
almost
entirely' devoted
to
handling and, trading in cotton textile by-products, or cotton wastes,
as
they are more commonly called.
These materials are produced
by cotton mills as by-products incidental to the manufacture of fabrics
Raymond Concrete Pile Co.—Extra Distribution—
An
.:■/V".:;
stock
common
$57,122;
plant
jurisdiction.
1382.
p.
\
is
$57,697;
$84,035;
Quarterly Income Shares, Inc.—8-Cent Distribution—
A
$25,000;
electric
having
f
$180,433; accounts receivable
merchandise, $506,876; U. S. Treasury
other assets, $10,294; fixed
assets, $76,142;
of
payable,
$74,586;
accrued
payroll, ' $3,676;
interest, $12,500; accrued taxes, other than on income,
$13,269;
provision for Federal and State taxes on .income, $26,350; 6%
sinking
fund debentures,
$500,000; 8% cumulative preferred ;stock (par $5>,
be
may
~
$101
sale
bonds
par
has
purchased the maximum amount
Inc., will receive is $13,317.
Liabilities—Accounts
against
concern
value
$7,311,424 going
purchased plus any other adjustments in utility plant
necessary on examination of the reclassification of the
the
Sheet, March 31, 1943
$100
present
Space & Co., Inc., is
shares of preferred stock
plan
hand,
on
June
on
Lane,
on
accrued
account
an
and
deferred charges,
capital
such
Balance
banks
inventories
series,
com¬
against
870 of
in
$5,175;
tax
notes
the
of
(tradei,
at Jan. 1, 1943, amounting to $14,319,139 was eliminated
the present capital surplus of the company ($5,961,255) and
surplus of $17,340,754 that resulted from the reduction
in stated capital as provided under the plan.
The balance of $8,982.pany
the
Consolidated
;
first
its
and refunding mortgage bonds and
payable on such bonds.
Upon consummation of the plan of recapitalization on Sept. 13, 1943,
the
at
known
recent
place
shares
Mills
to
vided* of course,
11,439
share..L—
per
agent
18,002
,
_—————;
——-
such
any
per
exchanged,
•._—A—$33',472
dividends
-buy
to
$83.50
at
Lane, Space & Co., Inc.,
acquire at their purchase price,
employed Johnson, Lane, Space & Co., Inc.,
the offer to the preferred stockholders, and
secure
their acceptance.
For this service Johnson,
Lane, Space
Co., Inc., is to be paid $2.50 per share on the stock
its
1,800
,
agreed
sell
to
Johnson,
took
14
Riverside
23,170
—
has
Inc.,
desires
they may
prices.
The most
purchased
605,890
Co.,
that
lower
$688,882
—_•'x,
1
>'
expenses—-,—
expense
.
the
bonds
$2,567,616
&
Mills
interest.
accrued
,
'
—
and
dividends
Earnings
Space
Riverside
March
—
administrative
profit
Preferred
Lane,
Ended
—•„
taxes—normal
Common
Year
ferredJ stock
interest
income
Net
for
—
profit"
Selling and
increased its reserve for deprecia¬
tion
by $2,813,450 to approximately 15%
of the original cost of its
depreciable property, increased its reserve for loss on investments in
undeveloped water power sites by $285,000 and increased the recorded
amount
of
its
outstanding prior preference stock by $1,672,696 to
$100
per
share, charging $18,174,499 to its earned surplus account
and
$415,000 to its amortization reserve.
Company in April, 1943.
charged to its earned surplus (deficit) account as of Dec. 31, 1942,
Statement
_•
sales-———"
Gross
agreement with the SEC in connection with
the company wrote down the record amount
$13,818,353,
by
(net)
Cost
earned
an
program,
utility
$2,612,500
of
Sales
Monday, October 18, 1943
it
does
disposed of for any other purpose.
Should
company acquire an amount of bonds not exceeding
$120,000 through
the exchange of preferred stock purchased
by Riverside Mills, Johnson,
Total
Net
fixed
'
—•
charges—
income
after
accruing
$22,227
with
March
of: $11,890
in
1937
due
and
$397 689
267,*580
267,425
'
fix.
charges
'-Beginning
accrual
$268,732'
to
1943 "Other
$23,501
Income"
compromise settlement
1938.—V.
158, p. 1383..
"
•
$1,307
includes
of
■
$130,109
a
monthly
Vermont'
taxes
'
,
Volume
St. Louis Public Service
Period
,
End. Aug. 31-—
fS73,390
.
paid
Co.—Earnings—
t$892,487.
$147,677
'
"After charges and Federal taxes.
tingencies.—V. 158, p. 1178.
tAfter reserve
;
.
completed
lor post-war
63rd
multiwftll paper
new
of
for
lor
bag'
essential
lend-lease,
the
civilian
requirements,
armed
the
for
forces
in
full
ment,
/
The
s
operation early next
and
the
to
Gross
Savannah
Electric
Operating
Operation
revenues
*
'
Federal
Other
income
taxes-_
130,956
1,819,594
'--
223,479
32,775
403,050
70,588
48,233
760,980
:
26,738
341,853
$65,313
6,700
$804,634
Dr 7,399
$69,273
$63,609
$797,235
31,222
390,092
,AL_!!!_.L_!'AAA $35,064
"Balance
Debenture
dividend
Preferred
$407,143
60,000
Balance lor
—V.
stock
common
158, p.. 1178.
and
surplus.
A!
_
Schiff Co.—Sept. Sales Decrease 13.65%—
Period End.
M1943—Month—1942
Sept. 30—
Sales
$1,421,120
.
—V. 158, p.
1943—9 Mos.—1.942
$13,575,851
$1,645,681
V
Schwitzer-Cummins Co.
Net
sales
Net
inc.
:Earns,
V.
.after
all
chgs.
com.'sh._^_
per
1940
$3,515,831
$1,998,227
164,266
."-.68,674
175,264
A. $1.21
$1.53
r
2052. *
p.
'
',
.
,
'
»
:
$1.13
-
■
and
Scran ton
(Pa.)
Merriman,
April
o
1,
and
other assets,
elected
the
to
thermofor
new
operation
trade, $155,542; sales commissions
contra—credit
employees,
balance,
$7,903;
from
Assistant
Assistant
Actuary
to
and
Secretary.—-V. -. 135, p. 2049..
Selected
'•
bal¬
the
'
Oct.
on
1,
Adler,
company's inception
in
the
had
who
1933.—V.
of
board
barrels
10,000
the
in
barrels
served
158,
as
a
897.
p.
'
profit
—V.
A
Shawmut
•
Bank
Statement
•
of
Investment
Operations
for
Months
Ended
I
A- "
-VA :;vv
recejved_-L^_!_!_-_!_!J!______
■
Cash
dividends
Divs.
received
the
.-
in
other
1943
$66,303
______
Net
158,
p.
Total
infibme-
Provision
Taxes
:
on
on
senior
Interest
on
junior
loss
Net
fees
and
and
17.100
sale
from
65,294
of
39,535
91,888
loss realized
the'period.$75,673
$128,823
securities
1
—
-
Note—Excess
of
income
of
cost
quotations was $294,056
a
year
earlier.
tax
bonds
for
each
Aug.
at
Securities;,at
Accrued
Accounts
quoted
1943,
compared
with
'Fed.
market
market
prices$2,781,445
interest, receivable
receivable from sale
.'
of
securities.---
/
income
notes
and
Accrued
payable.—!''
l'!_
-
stock
interest
and
tax....:
junior
on
$3,627,000
income
24,402
securities
of
Net
consists of
outstanding
and
outstanding.—V.
158,
75,000 shares of
the
balance
no
issuable
par
on
of
conversion
v
Other
•
•
.
Sierra Pacific Power
Period End. Aug. 31—
Operating
revenues
.,
80,538
.9,726,
,—— — —
income
profits
excess
Other
76,177
.
.
910,097
7,919 ri
45,050
—A
,20,064-
51,828
'
24,176 •/
357,179
411,158
241,654
274,391
,
-"
'
Utility
Other
oper.
income—
$75,413
income—Net—
274
Gross
$866,100
Dr80
5,359
accruals
Gross-income
l
Income
$71,058
$871,459
income
for
14,013
166,856
165,880
$61,712
deductions
$57,045
$704,604
8,178
103,406
-
Preferred ..dividends—J!
Common
—V.
$53,427
$48,866
$601,198
______v.
,
..
y.,'
,
10
to
holders
of
record
$41,068
The
company
on
Aug.:'-10,
last,
-
!
$1,428,180
$1,207,055
;; 4,800
600
4,800
97,072
842,267
785,740
$83,465
$65,025
$581,113
$416,5X5
-
-
55,397
21,577
351,597
194,807
$28,068
$33,448
$229,516
$221,708
14,551
19,601
119,389
109,923
revs.
.
171,438
$26,781
'$396,078
for
the
Year
freight,
general
and
Ended
Jan.
31,
A
'
and
ice
facilities
157,
and
State
taxes
on
and
—
,
-
.
Balance.
crop
and
$9,258,646.'
on
soil
Jan.
hand,
benefits,
31,
provision
reserve,
$79,914;
which
in
9
State
taxes
Oct, 4,
stipulated
production.."—V.
the
company
in: its
158,
p.
897.
was
.......
Oct.
on
of
7
approved
communities
$556,666.
wholly-owned
158,
tho
east
on
coast
The
purchaser i.T
Southeastern Gas
by
1285.
p.
cents
share
per
15
quarterly
recently declared
holders
of
was
successfully
report of
for
of
fiscal
larger
than
by
met
the
the
and
equal
after
year
company,
and
in
requirements
totaling
amounting to $2,811,236,
record
a
held
of
A.
of
to
total
notable among
an
increase
requirements
$4.81
which
in
the
the
per
450,807
treasury
on
per
dividends
dividend
shares
of
in
$2
the
were
of
the
were
on
the
common
,
the
products
Chairman
essential
of
portion
cumu¬
stock
outstanding
compares
June 30,
stock
at
of
1942,
the
quar¬
$12.22
per
$8.04
or
per
materials
required."a How
of
the
by
the
Army
and
Navy
for
more
by E. R. Squibb & Sons, Carleton H.
Board, stated that "the policy of the com¬
objective was to fill the Government's requirethe
the nmst part
for
made
supplied
of
first
its
and
made
time
$5
This
company.
shares outstanding
company's treasury.
paid
the
year
100
ments
being
$9,445,836,
common
terly rate of 50 cents per share during the fiscal year.
All taxes combined totaled $5,507,780, the
equivalent
of
common
stock, as compared with $3,441,586
pany
them
of
for
share
428,041
previous.
Commenting on the calls
■
was
1943.
year-
of
Series
1943,
share
stock held
$5.01
than
it
its domestic
30,
Government
to
up
the
June
reserves,
etc., were littlo
due principally to increased Federal incomo
Net earnings totaled $2,455,388, comthe last fiscal year.
Net for the latest
payment
stock,
preferred
Palmer,
7.
higher costs.
stock
on
on
Oct.
each.—
the year before,
share the
.4%
cents
company
ended
year
share
•
record
30
of
of $42,432,472,
tho
able to report increased scientific research and a number
payments
Cash
was
to
dividends
step-up in civilian deliveries
pared with $2,432,386
report
for
which
the
armed-
forces.
Deliveries
havo
in quantities of materials desired within
well
this
was
records
done
renewal
is
of
attested
the
to
by
Army-Navy
th<*t
"E"
for excellence
(originally awarded in September, 1942) in April, 1943.
All renegotiate contracts have been cleared through the fiscal
year
ending June 30, 1942, without any adjustment of prices; and such
contracts for the fiscal year ending June 30, 1943, are in the courso
of
..
price
payable Oct.
annual
fulfillment
with
,
curtailed deliveries to 80'6- of the
purchasers' contract.
This is the second
reduction, / the company having limited deliveries to 85'/ on June 1,
"Our stocks are so depleted it. is necessary to take this step," an
official explained, y '-'Our deliveries must now correspond to crude oil
amount
the
excluding
$495,$226,822;
$1,029,343;
other
and
and
paid
subsidiaries
outstanding June 30,
•
accounts payable,
for Federal and
long-term debt,
9,301,810
physical properties, consisting
distribution facilities and cold
outstanding medical advances, especially
lative
payable .to banks, $2,165,000; real estate mortgage
(installments maturing within one year), $2,915; general
income bond: sinking fund deposit due in
19~4T (less re¬
$68,344;
10,084,403
Army and Navy war needs, occurring during a
requirements were also mounting, furnished an
civilian
for
was
payable
-
its
and
company's work on Penicillin..
Although sales for the. fiscal year showed
net earnings
after all taxes, depreciation,
inventories,
$137,004),
all
the
accounts
tax,
$12,649,545 $11,934,290
Squibb & Sons—Annual Report—
Oct.
excluding
excise
of 40
$25,
par
a
:
$156,306;
organized
company
Canadian
tax
1943
Commission
of
non-affiliate.—V.
sales
of
r
$38,647;
Co.
Miami
company
82,707
254,000
$190,048;
1,206,522
purchase
situation
Despite
1^!!—$346,709
Sheet,
banks! aird
m
81.544.740
basic
$6,634,600 and
5683,417
income.
$27,520,063
15,585,764
serving
increased
when
disclosed
13,357
,r~~"
20,689,750
:
1189.
p.
unusual
283,196
"
,
—
$33,339,295
2,168,959
Exchange
Ice
be
a
the
Heavily
period
$696,774
'i_——
$3,713,699
manufacturing
a
to
Co.,
(E. R.)
$6,013,349
5,599,772
_„1j.
50,046,991
$1,584,971
Palm
of
capital stock,
1943
_!>_—
56,943,374
1,279,380
Royal
Previously,
i
$413,577
>_
285,790
6,500,087
84,213,685
..
quarterly dividend
the
*
.
240,654
7,390,946
1179.
p.
Water
V.
allowances and discts.)
admin, exps.———
36,282
2,628,714
Florida,'for
$320,030
'
^
.
1943—8 Mos.—1942
26,115
Springfield Gas Light Co.—Larger Dividend—
•.
.
___!
1943—Month—1942
$1.1,630,746 $10,250,068 $90,523,323 $77,852,844
income.
corporation
$491,468
171,438
$567,516
14,286
!
—
Federal
r /
Beginning
a
30.
14.286
South Penn Oil Co.—Limits Deliveries—
r
1943—8 Mos.—1942
$152,697
______
Securities
by
been
!
Oct.
iv
.
'
quarterly dividend of 40 cents'per share
on the
common
stock, par $25, and the regular quarterly dividend of
$1.75 per, share on the 7 'r preferred .stock, par $100, both payable
Nov.
of
648,727
337,080
Sioux City Gas & Electric Co.—Increases Dividend—
declared
$1,140,195
655,760
preferred capital stock
($100 par),
$2,539,400;
common
capital slock.; <81 par), .,$325,560-;' capital surplus, $402,050; earned
surplus, $1,514,112; total, $9,258,646.—V. 153, p. 110.
210),000
268,922
158, p. 1383.
Hie directors have
$1,223,276
.
'incomef $253,046;
.-$552,672
210,000
—
dividends ——
Co.—Earnings—
147,314
expenses.—
principally
53,963
receivable,
$3,936,181; planted and growing crops, $149,980; sundry investments, $17,808;
property/plant-and equipment, $4,403,683; deferred charges, $60,790;
cumulative
Net'income
426,749
$52,626
L_—
accrued; interest,
100.402
Telephone
1943—Month—1942
Southwestern Public Service Co.—Ice
Properties
sale
$95,031
acquired bonds in treasury, $2,1941,
834;
accrued
expenses
(including
$653,074
8,287
.
1942
S245,582,991 $196,225,756
1285. /
oper.
The
.
excise tax,)S562,484 and depreciation, $252,204.
:
mortgage
$818,955
13,974
.
<
-*
income.—
p.
158,
456,080
Liabilities—Notes
3,067
1942
1943
$231,379
income
582,661
277,8X0
$815,888
$75,687
income
reserve
741,232
117,257
;
Assets/fCash
total,
$71,138
1942
revenues
taxes
—V.
2,614,658
522,186
profit___.I
$401,509; Federal
notes
Retire,
3,408,826
41,652
147,242
charges
,
.'•
i
'
—Jan. 1 to Sept. 30
$8,087,270
expenses—
oper.
more
118,574
v
1943
600
oper.
Net
52,750
deducting
Operating profit
charges
--960,147
.132,456.v.
1943
Days End. Sept. 30—
$8,374,491
__
Jan. 1 to Oct. 7-
1942
$5,651,631 $251,694,956 $201,877,386
rev._
oper.
Net
238,691
-'
$38,339
selling,
income
'^.^'includ.es
and
taxes—
taxes
..
of
•
•
1,773,904
$6,111,965
,
revenues.—
Operating
$105,375
-
Statement
(after
Net, ' profit
$2,580,158
___
revenues—.!
Uncollectible oper. rev._
Corp.—-Earnings—
Interest
1943—12 Mos.—1942
$2,507,487
$2,613,031
1,855,079
Southwestern Bell Telephone Co.—Earnings—
—
$235,598
_______
/Maintenance
.
$226,431
.
first
the
.
Coast
"
Operation;
Federal
Co.—Earnings
1943—Month—1942
__j
$2,762,538
217,470
1478.
p.
158,
$5,498,153
—
-
.
sales,
Provision
-
$328,371
Ry.—Earnings-
bringing
Other
warrants
;
$5,574,680
2,961,640
Period End. Aug. 31—
value in part issued
197.
p.
$2,409,416
4,011,853
$346,597
Operating
1943—12 Mos.—1942
taxes.
operating
Total
$3,039,078
Note—Stock
with
$6,889,880
Dr294,056 /)rl,442,109
Total
and
434,155
$6,774,391
368,116
income
—V.
Be¬
877,103
1
_
sales
"Cost'
2 88,000
v
of
$696,487
-
there
$522,615
43,446
1076.
2,680
663,869
depreciation
15,500
11,387,824
492,683
Operating taxes
138,355
_________
Income
•
345,600
Deficit
Unrealized
compared
as
318,507
deducts.
1
'
^
Net
;
•
J
notes
periods.
told shareholders that
t
1,000
contingencies
!
21,000
$839,280
"
Operating
Co.—Output Up-r-
■
1943—8 Mos.—1942
234,757
earnings
Net
Co.—Earnings—
$2,236,799 $19,474,133 $16,978,004
12,678,742
$0.20
two quarterly
previous
earnings
pfd.. stock-!—
on
$3,994,000
__^_i.
expenses
capital
for
Reserve
—
special
64,265
3,500
•
Net
_!_——
other
South
expenses
lor
$111,108
$0.13
1943—Month—1942
!_
Balance
$2,409,416
Liabilities—
Reserve
•
1942
1943
$76,665
t
—
-
profits
and
Divs.*
«
Accrued
in
depreciation!.
—V. 158, p.
.Debentures
the
Mr. Westlake
$605,683
taxes
exc.
Net
"$2,209,552
199,864
$232,642
—Week End. Oct. 7—
Operating
Co.).
&
$3,039,078
Total
$576,345
1,536,812
Southwestern Associated
1942
237,275
412,296
1285.
p.
Period—
Gross
20,171
Cash
412,296
$28,386
4,000
__!-
earnings
storage
186
-:
.
34,358
1,664,972 ?
____
income.
oper.
—V. 158,
$1,442,109
1943 ■v..:'/;
325,672
$709,203
1943—Month—1942
revenues..
taxes
158,
Net
Platinum
&
220,606
_
:
: ,
rev._
Uncollectible oper.
i.-——
1179.
p.
expenses
for
General
Int.
Sheet, Aug. 31
A !;;!.! A;!.!
■
.
increase
an
158,
revenue
Gross
Balance
Assets—
31,
aggregate
over
of
output
Federal income taxes.
stocks
and
been
Operating
cost.
oper.
-9
J
"
Gold
Period Ended Aug. 31—
Prov.
during
Federal
on
has
Gross
•
"Based
share.—
$1,034,874
$988,641
34,358
•
;>
$2,508,252
expenses
income
Gross
South Carolina Power Co.—Earnings—
28,800
18,641
$62,744
1943
Timber
Lyman
...
ounces,
year.—V.
72.543
28,800
:
deferred)—
21,053
England Telephone
Period—
a
one
.:■ ' /•;
American
tins
14,242
-tr—1,133
390 '
456
debentures
notes --(payment
subsidiary,
cominbn
also
$80,238
11,010
expenses
capital stock tax
dividends paid -at source
Interest
Net
$69,356
administ.
and
for
450,932
$1,209,247
;:,:
,
New
Southern
apd
have
They
$81,385
$77,683
each.
daily
all/charges..'——
681.
.
1,537,508.
■
$98,736
revenues
oper.
Net
Net
—V.
Co.—Earnings—
its
y/cause of the gain in
Management
;
Production
of
372
497,852
-
!
Uncollectible
;
U. S. Government obligations------
on
.
.
2,680
697,995
583,326
295,426
••
taxes-
1076.
p.
Operating
during the third quarter of the current year recorded a
1942 A
$77,793 / .substantial-improvement over output during the preceding quarters,
E. H. Westlake, Vice-President, told stockholders at the annual meet¬
ing.
Output of precious metals for the three months ended Sept. 30,
1,841
V last,. approximated 24,715 ounces, which contrasted with an average
604
than
bonds
on
Interest
of
corporation!
paying
Interest
stocks
common
after
South
81
Aug.
•
/■/•'■AAA:-//:!!''-
158,
Net
Trust—Earnings—
Six
(And
Earnings per
-
604,339
$43,325
Operating
of the largest petroleum
Its crude charging capacity is well
its facilities have been greatly ex¬
world.
day,
a
Month of August—-
v
758,977
*
Period Ended Aug. 31—
,
Net
1,998,048
62,262
159,326
63,741
Period Ended Aug. 31—
cracking units of this corporation
Magnolia refinery at Beaumont, Texas, on
its
at
Soundview Pulp
direc¬
$5,263,026
2,520.015
211,151
pfd. stock___!
pl'd. stk. exp.
Operating
'•
-1942
$6,925,512
158.546
_______
Southern
585.
p.
to be
'
'
••
been
continue
Shares, Inc.—Director Resigns—
its regular monthly meeting held
tors-. Accepted the resignation of Max
since
./
has
Weiehel
will
and
12 Mos.
$461,519
220,723
per¬
credit
catalytic
Magnolia's entire plant at Beaumont is
-
American
I!,.At
director
J.
R.
Actuary
income
on
—V.
pay¬
$17,491;
employees'
•
100,000
-Earnings
is*1943-
1943—Month—1942
taxes.— v*
profits
Amort, of
new
Secretary,
advanced
$1,940,415
Balance
charging stock of alkylate, both uesed in 100 octane gasoline,
Vice-President
$1,966,054
$2,984,288
$594,352
income
Divs.
President,
elected
been
$184,714
.31—
$141,-
and Actuary of this company, has
panded* and modernized during the past seven years. During 1943 it
succeeding Walter Phelps Stevens who has/'
/manufactured .a total of 85 products for Army, Navy and Lend-Lease.
position.of Chairman of the board.
These products-include all grades of aviation gasoline, light, medium
Dr.-George G. Lindsay, medical director, has been elected Viceand heavy motor and aviation oils of different characteristics, marine
President and
medical director.
E.
W.
Evans, Secretary, has been
oils, cutting oils, greases and others. ("Wall Street Journal")—V. 158,
made
Vice-President
and
been
1,043,873
$184,394
.
—
income
Operating
refinery: operations
*
v
988,040
expenses v___
exc.
Net
•
$361,570;
1942,
charging capacity of
Life Insurance Co.—Personnel—
due
received,
accounts
11.
over
Robert
series B
/will -simultaneously make butylene for synthetic rubber.
:.
95,160
Int. and other .deducts._
hand, $358,977; accounts receivable,
inventories, $849,847; treasury certi-
on
Employing the TCC (thermofor catalytic cracking) process developed
by the company,-'these units will produce aviation gasoline base stock
..
^
taxes
Gross
-
$0.47
.'
Fed.
deductions for bonds,
into
Oct.
1941
$2,954,094
83,310
—
earnings-.
General
'
1942
$6,035,229
$6,618,813
222.537
/
157,
'i.
w
1943—11 Mos.—1942
£279,874
Deprec. and amortiz.—
$816,108
'
(less reserve for
payable,
went
Subs.)- -Earnings—
(&
1943
--J
$371,127;
accounts—officers
Two
July 31—
/>rl40
ing Units—
*
Ltd.—Earnings—
1943—Month—1942
$267,704
expenses
Operating
Socony-Vacuum Oil Co., Inc.—Opens Two New Crack-
;
$13,537,206
1178
6 Mos. Ended
$173,396
Sheet, June .30, 1943
banks/and
in
A.
S4,473:
ances,
lax
Canada Power Co.,
Southern Indiana Gas & Electric Co.
U. S., $3,502; income and excess profits
accruals, $618,735; capital stock, common
<113,144 shares, no par), $226,288; paid-in surplus, $88,422; earned
surplus, $816,108; total, $2,300,036.—V. 156, p. 2230.
$101,517
$198,028
920,509
113,144 shares.—$1.53
Liabilities—Accounts payable,
able.
1,032,765
■
12,659,225
$10,078,453
8,300,257
7,590,625
1179.
p.
Period Ended Aug.
Gross revenue -.
699,424
amortization), $987;
032.' .deferred charges; $17,092; total, $2,300,036.
"149,115
60,000
requirements
S.
patents
sonal
,
__________
1944, $300,000; property,
plant and equipment (less reserve for depreciation of $135,561), $260,-
$310,631
•>149,115
$32,386
requirements-
dividend
523,837
Cr44,937
Dr56,572
$18,950),
reserve
!)73;
$10,979,068
Note—Operating expenses for August and for the 11 months ending
Aug. 31 do not. include income and excess profits taxes.—V. 158, p. 1179.
4,080
___!.!
Balance
ficates,. U.
376,059
$1,264,103
earnings.—
Net.
•
$656,377
to ,surplus___—_________________________
Assets—Cash
$686,690
34,209
amortiz.
17,760,779
$1,346,052
$28,739,847 $22,737,678
V
Earnings per share on
(less
1,636,492
Period End. Aug. 31Gross
16,421
—
i.'-r- Earned surplus, June 30, 1943
£>r22,952
$2,900,595
income-
Southern
373,913
18,961
——_______
,
Net' available
$709,642
Brl,705
■'
S3.550.584
income
Federal
310,879
43,654,540
: $639,955
7
:
50,970,099
$79,929,352 $66,618,482
1948
30,
;
___
Cash dividends
362,546
29,027
$62,573
and
June
226,264
5,762,852
taxes
—V. .158,
389,988
,
Balance
Ending
surplus- Dec, 31, 1942-__-________
•Assessed labor law penalty_______
196,033
income,' net-
Interest
Months
Six
219,406
6,716,427
__
revenues.,.
oper.
Net oper.
$1,032,829
y
Other
Net
31,677
rev._
expenses
Operating
1
_
Earned
1,414,952
16,514
A
deed
.
Other'charges '__!!:_l__,!!__!_____-_--__-.—!_!—__—^___
Prov. for Fed. income, defense and excess profits taxes—_
Prov. for- post-war refund
1943-y 12. Mos.—1942
$4,35^590
$3,384,040
34,083
taxes
for
'
,
S
income
Total
v
*
23,844
-
trust
three
183,644
V
the
profit on
Other
PearJ
$320,530
Depreciation
under
194?—8 Mos.—1942
$8,695,124
24,918
2,204,532
Uncollectible oper.
Operating,
Co.—Earnings-
1943—Month—1942
-Maintenance
Statement
Operating profit
$403,759
—
issued
corporation
Corp.,
$10,291,929
revenues
Operating
.
Power
&
this
of
Depreciation.-
plant will constitute the eleventh bag factory operated in
•A: Period Ended
Aug. 31—
bonds
Room
Operating expenses
-
the United States by this company, which, in addition
operates
bng plants -in : Canadaf three in South- America and priori to
Harbor, operated a plant in Japan.—V. 158, p. 1076.
■
Show
announce¬
*'
■
-
new
according
year-
the
of
Income
building contract has been awarded for the North Kansas City
Development and construction will commence at once, with the plant
be
Elizabeth
Net
The
to
and
Skiisaw, Inc.—Earnings—
'.AA
states,
company
_n
dated-Sept. 15, 1938, have been called for redemption as of Nov.. 15,
1943 at par and int.
The address of the corporation is; 135 Sol La
Salle St., Chicago 3, 111.
a
manufacturing plant in .North Kansas City,1
Mo.
The Government has granted approval to proceed with the con¬
struction because of the
growing demand for heavy duty multiwall
'paper bags/to carry foodstuffs, chemicals, fertilizers and building ma¬
terials
Southern Bell Telephone Co.—Earnings—
_
Operating
Garage &
Chicago, 111.—To Redeem Bonds—
con¬
immediate erection
for the
25
$1,020,220
-•
plans
against
..
Period End. Aug. 31—1943—Month—1942
All
has
company
of 37y2, cents on the common stock-, as
share-in previous quarters—V. 158, p. 1284.
per
1539
■
St. Regis Paper Co.—To Build Plant—1
The
& FINANCIAL CHRONICLE
dividend
a.
cents
1943—12 Mos.—1942-
'• "'U943—Month—1942
income
ttNet
THE COMMERCIAL
Number 4221
158
renegotiation
at
the
present
time.
The
company
/
x.
m
does
J
not
expeeii
1540
THE COMMERCIAL & FINANCIAL CHRONICLE
substantial adjustment will be required since profit before Federal
taxes was less than 5%, and after such taxes less than 2%.
any
Discussing
"Our
post-war
plans,
general over-all
$272,785;
Intend
to
restore
Electric
work.
of
The
Penicillin
has
been
has
research.
the
to
physiological,
the
structure
structural
to
of
a
Penicillin
towards
the
objective,
:
available
within
the
is
currently under the control
United
Research
States
Government
and
of
its
Dr.
(b)
an
Keefer
for
of
the
Account
Income
(Incl.
Domestic
and
Year Ended
and
turns
■'Y. dian
54,035
to
post-war
$5,607,387
Net
$3,260,215
212,818
146,845
2,812,183
881,051
$2,232,319
$2,582,386
$2,200,789
$700,665
y' v.-'y Y/: y-y'yy Ys y yyY:*Yy
■■•"•'
Y. y\Y"
285,246
870,131
1,013,639
Balance
and
hand,
on
June
285,571
and
;
'
118,054
advances
to
30,
1943
yY
income
20-year
banks
(less
Oil
fractional
shares
Standard
Co.
Act.
to
In
Natural
of
all
then
will
be. distributed
by
of
to
to
be
such
divestment,
organized
Commission
holding
of
officers
U.
S.
the
$4,424;
and
inventories,
employees,
96
Years End. Apr. 30—
Profit from operations-
stock
be
and
for
Prov.
The
New
York
shares
unissued
are
issuance
to
of
with
the
5%-
3,479 shares
the
20%
1942
$174,173
$155,606
3,611
5,104
$228,364
under
shares
time
of
be
has
$177,784
of
$131,088
v
of
be
added
common
5%
and
to
with
46,170
in
28,370
1,868
2,250
2,187
2~250
$77,975
May
be
for
$65,561
$60,601
.
issued
for
stock
241,049
231,383
218,223
paid
Prov.
for.
of
$296,945
$278,823
of
of
The issuance
&
Co.,
monthly
the
receivable
46.240
47,440
54,853
of
(less
46,240
Earned
,
of
coal,
fuel
$231,383
and
supplies, $374,737;
investments in bonds and
with
shares
one
$30,610; cash in banks and on hand,
$621,506; de¬
ferred charges, $28,219;
deferred asset (refundable
portion of excess
profits tax4, $8,623; land, buildings,
machinery and equipment (net),
(6969,952;
goodwill,
$1;
total,
$2,483,185.
Liabilities—Accounts
payable,
$366,774;
municipal
taxes,
$2,743;
taxes, $69,381; reserves for depreciation and
buildings, machinery and equipment,
$397,807; 6V2%
redeemable
sinking
fund
preferred
stock
(par
$100)
common
stock
(50,000 no par shares),
$200,000; capital
Dominion
of
1942
listing
stock
list,
Cr538
107,713
47,014
49,275
$186,002
$137,440
$76,017
9,730
12,257
$247,808
8,944
9,350
25.071
8,804
City
of
share
299;
upon
&
Co.;
official
with
the
Reynolds
&
and
of
30.771
■
11.981't ;
7
6,932
8.016
6;858
VY
1,407
*
■■
earn. surp. y
Cr8,619'
•V
•••
;
Y
8,480
Crl3,399
June 30
cost
$213,668
of
$152,348
preferred
stock
$107,713
purchased
for Federal
income
and
$239,420;
receivable
investments,
(less
Sheet, June 3ft,
U.
S.
reserve
$47,014
V
and
retired
in
profits
excess
1942.
'
1943
Government
securities,
$100,080;
$28,270),
$355,685; inventories. $352,$49,557;
treasury
stock,. $11,163;
capital
assets,
charges, $15,097; total, $1,487,713.
payable,
$109,304; customers' deposits on re¬
$132,088; accrued salaries and commissions and mis¬
drums,
items,
$47,987;
social
security and
miscellaneous
taxes,
income tax, $104,795; reserve for
possible
declines,
$35,000;
preferred stock,
$143,725;
common, stock,
$517,194; capital surplus,
$173,575;
surplus appro¬
priated
for redemption
of preferred
stock, $3,117; earned surplus,
$213,668; total, $1,487,713.
$7,260;
for
reserve
future
Federal
inventory
The
price
stockholders
proposal
of
$10
to
in
the
present
The
the annual meeting on Oct. 19. will vote on a"
8,620 shares of new 4% second preferred stock
This
ratio
shave.
a
at
authorize
value.
par
$10
of
of
Any
cumulative
6%
fund of 10%
preferred has no
To
share
the
is
of
to
for
be
offered
each
four
portion
preferred
company's objective is
which, in addition to
ferred
new
stock
new
one
unsubscribed
sinking
to
common
be
stock¬
shares
common
will
offered
to
held,
holders
stock.
to
net
ultimately retire the present 6% pre¬
carrying that dividend, also calls for a
income after preferred dividends.
The
sinking fund.
extent
that second preferred stock
may be available, the
preferred will be given the
opportunity of either sub¬
scribing for stock at par, or exchanging their stock for
second preferred on a par for par basis. /
■.
'
Any cash proceeds from the sale of second
preferred stock will be
used to purchase or redeem shares of
the present 6% preferred stock
at prices not to exceed their
redemption price of
holders
of
6%
■
"If
6%
$28.75
the
share.
a
( '
plan is adopted and results in a reduction in
the amount of
stock, the aggregate preferred dividend
requirements of
corporation
will
be
proportionately reduced and the earnings
preferred
for
the
common stock
Increased," states Ernest V. Moncrieff,
"If eventually all of the
present preferred stock can be
retired, the corporation will also be relieved of the
sinking fund
requirements on this stock."—V. 158, p. 399.
(a)
notice
1
Tampa Electric Co.—Earnings—
of
and
notice
(b)
106,050
of
issuance
Period End. Aug. 31—
106,050
Operating
revenues
Operation
Ma intenan ce
Federal
;
1943—Month—1942
$556,556
___
33,670
_
&
inc.
profits taxes
Other taxes
1943—12 Mos.—1942
$480,951
231,196
302,225
______
29,432
$6,438,774
3,132,589
V
$5,551,391
2,658,66^
382,638
312,33
excess
^
—
V
52,500
45,965
:
44.279
Utility oper. income$123,882
Other income—net;
>Y'V,:.v.
738,649
42,376
507,133
557.099
497,309
>
$131,982
$1,627,800
236
•Y/;, 5,325
$123,950
$132,217
$1,633,125
35,833
35,833
430,000
$88,117
$96,384
$1,203,125
;V;68
___
■.
$1,575,953
Y
1,797
Y
company's
exchange
the obligation of the
Co.—V.
158,
p.
1384.
Gross
income
Retirement
Gross
;:y
common
accruals
res,
income
Income
______
deducts.—int.__
2,844
income
Preferred
/ri
$85,273
divs.
—V.
430,000
$1,147,750
•
,
717
16,942
8,140
$1,186,183
$1,139,610
dividends
Com.
$1,577,750
Y
$95,668
,
Net
;
67.083
158, p. 1077/
paid
956,419
Tampa Electric Co.
stock
Period End. Aug. .31—
7O;OO0
1,046,074
revenues——
Gross
after
inc.
ment
res.
Net
called for redemption as of Dec.
1, 1943, a
10-year convertible 6% debentures due Jan. 1,
Payment will be made at the Chase NaCity of New York, trustee, 11 Broad
St.," New
of
the
on
Nov.
common
22, 1943.—V. 158, p.
1943
admin,
expenses
Federal
and
profit
taxes—
amortization..
income
taxes—
88,117
96,384
1,203,125
1,147,750
85,273
accruals-
95,668
1,186,183
1,139,610
1077.
$5,551,398
Teck-Hughes Gold Mines, Ltd.—Earnings—
.
Earnings
—V. 157,
per
p.
common
share___^.__^___.
1943
1942
$864,407;
$0.18
$991,018
$0.21
2258.
Thermoid Co.—Sales Increase—
Period End.
"Bales'
1941
$1,314,866
1,192,139
1,105,799
900,375
$284,569
40,246
$209,067
$166,328
33,324
30,420
99,167
54,565
32,788
$145,156
$121,177
$103,119
Sept. 30
______
<
3943—3 Mos.—1942
..
$1,256,258
*Sales of company.and domestic
$977,819 $11,826,869
subsidiaries,
:
•
1943—9 Mos.—1942
'
Registers Bond and Stock Issues—
$1,066,704
deprec., amortiz. &
income
Fed.
•
$6,438,774
stock
and
—
$480,951
8 Months Ended Aug. 31—
•
•
y
Net income after all
charges—.■'.*
1478.
$1,476,708
gem
Income before
1942
p.
1943—12 Mos.—1942
$556,556
retire¬
income
158,
-Earnings1943—rMonth—1942
Operating
has
interest.
.
Manufacturing,
Net
Cr415
Liabilities—Accounts
y.':/",.: '""1
of
'allowances
for
'•
par),
of
Years Ended July 31—
Sales, incl. non-oper. rev., less disc,
Prov,
$26,328
Iy'YI'VYYY
Balance
the
Super Mold Corp. of California—Earnings—
Deprec.
1940
$89,887
378
tAdjustment of provision
cellaneous
loan
($20
official
upon
privilege of converting the called debentures into
other
1941
$78,667
President.
the
preference
the
157,
j";
■
1,522
stock.
Assets—Cash,
in
expires at the close of business
and
:
25.872
Y.
surp.,
accounts
:.'y
prior preference stock and
$218,222
oil
$449,537;
Bank
The
Sheet, April 30, 1943
coke,
tional
100
York, N. Y.
...
$241,049
at
1941.—V.
2,
152,348
______
^Representing
year,
Studebaker Corp.—Calls $1,500,000 Debentures
The corporation
,of, $1,500,000
9,656
reserve),
1943
.
stock
N.
"•Restored to
install¬
smaller
158, p. 1385.
Stokely Foods, Inc. and
five
Inc.,
total
1945,
and
B
record
Aug.
$1.50
(The)
$273,075
1942
class
of
and
$71,110
co._
tax
turnable
price of the equipment
the locomotive builder
(par $1) of Stokely
exchange for each share of common stock
(par 50c), of Stokely Foods, Inc.
The exchange offer will expire on Dec.
23, 1943, unless further, ex¬
tended by Stokely Brothers & Co., Inc.—V.
158, p. 1384.
209,890
$319,025
Balance
28,
1
Corp.—Earnings—
_______________
Y sales
cash
(par $20),
Brothers
$63,184
1
$272,785
Oct.
May
Approp. for red. of pfd.
1 ke
a
5% cumulative prior preference
of Stokely Brothers & Co., Inc.. in exchange for four
cumulative
dividend
preferred stock
(par $1) of
Stokely Foods, Inc.
(b)
_v—
(less reserves),
#1,156,000;
pfd.
common
—V.
Assets—Inventories
cumulative
issued
outstanding, and 42,925 shares
connection
agreement
issuance
the
(a)
39,181
49,775
and equip—
for
its
nad
the
on
holders
to
■
— ——
surplus
on
on
.
1,399
,
surplus L—
obsolescence
under
27
on
beginning
surp.,
Total
Divs.
holders
$136,191
55,382
2,000
Consolidated
provision
to
are
Reynolds
stock,
cumulative
stock
stockholders
to
1
adjustment
$363,673; deferred
to
common
Canad.
period
Divs.
con¬
Stokely Brothers & Co., Inc., has made an exchange offer to stock¬
of Stokely Foods, Inc.
(formerly Foundation Industrial Engin¬
eering Co., Inc.), which provides for;
5,103
s54,590
^Includes excess profits taxes.
shares
of
,
Stokely Foods, Inc.—Exchange Offer—
1940
1,915
Balance credit Apr. 30
accounts
y
49,995
,
Dividends paid
Written off re disposals
.
$160,711
.expenses-
Balance at credit
of bldgs.
_offer
shares
in¬
profit
Total
be
authorized
prior
issued
agreement
42,925 shares of
shares
Aug.
declared
Oct.
disbursed
■
caused
time, pursuant to the company's exchange offer
tq
stockholders of Stokely Foods, Inc. and the
obligation of the company
under its agreement with Reynolds &
Co., making the total amount
of common stock applied for 697,396 shares.:
y.'Ajv':-;.-'.;;
On July 31;
1943, the board of directors authorized the issuance
stock
to/vdirectors—■
Written-off on acct. of
Net
Oil
time, pursuant to the company's exchange offer
Stokely Foods, Inc.,; and the obligation of the
its
from
and
£rov. tax
Fees paid
preliminary
YY Y 1941
698.393
oth.
of
tTax
to
of
additional
Exchange
are
to
are
Stockholders
1,
payable
were
Plans to Issue New Preferred Stock—
to
purchase
to
cumulative
shares
time
May
share has been
per
value,
Subs.)—Earnings-
3,242
:Yy_—Y;
Dominion
Earned
authorized, capital stock
$628,000 notes would be in
beginning May 1, 1944, while
Stock
of
and
from
company
(56,992
$225,122
taxes
for
Standard
Stokely Brothers & Co., Inc.—Listing—
Tax
1943
invests.--.
loss
available
264,495
cents
par
amounts
"
holders
80%
unit,
months
of which 221,570
50
no
on
Net
its
to
.
would be repaid in 60
monthly installments.—-V.
in¬
company
(&
Res. for depr. and obsol.
come
Oil
Vice-President, and will
a
'
Standard Fuel Co., Ltd.
Prov.
Standard
share.
of
of
stock,
four
y
.
bldgs., mach.
equipment
of
$13,-
$47,830;
shares, no
par,
no
par),
$655,825;
capital surplus arising from sales of
reacquired capital stock, $297,*276; earned surplus, $9,867,122; cost of
common stock purchased and
held In treasury, Dr
$1,019,465; cost of preferred stock purchased and
held in sinking fund,
Dr$l,396; total, $33,946,763.—V. 157, pp. 2158,
2258. :
• ' A-YY
YYYY'YvYY
.Y
of
stock
issuer.
maturity
over
dividend
and
Financing Proposed—
"A"
a
315,867
$1,209,705
1422.
p.
Swari-Finch Oil
Delaware in July, 1942 and
registration as purposing
YY Y'Y : Y Y Y Y:;:
.
would
358,450
YY
of
for the sale
loan
by
Anticipation Notes, $1,000,sinking fund debentures, $4,250,000;
serially, Dec. 1944-Dec.
1947),
$4,750,-
(due
19
9,020
176,117
...
$1,383,992
in
appointed
■
a
„•
_—__i
1469.
notification of
a
companv.
has been
$8
22,820
506,000
.
step
Natural
class
27.880
176,117
surplus
tax for
Carringer
43,429
payable—..
Years End. June 30—
Net profit for year„___
Nat¬
company,
The
$920,481; $5 serial preferred stock
$5,700,500; common stock
(450,807 shares,
income
the
40,931
54,565
119,752
VY -V ; 2.572
Similar
p.
brief, the plan provides for the transfer
Consolidated
$40,958
43,000
99,167
506,000
20.
fractional
;:y1
-*<
$51,053
income-
on
deposits.—
last,
Co.
Consolidated
distribution
sales
taxes
close
(New
the
$1,209,705
surplus *
156,
A
■■
Oil
9,051
$1,383,992
Federal
Oct.
Con¬
Oil
the
at
,:y
20.149
24,998
*
14,417
;
income *
common
stock
of
Standard
of
'
'
Superior Portland Cement, Inc.—50-Cent Distribution
excluding, however, any shares remaining
Co.
(New
Jersey)
by reason of the
of
Y.
—
commissions
Total
(New
stock
the
a
rale
ments
314%
reserves,
Total
of
stockholder
:
231,626
22,247
■
stock
Earned
holding
$78,500
Government
S.
payable, trade, $2,017,689; Federal victory tax
withheld from employees' wages,
$82,258; dividend payable Aug. 2,
1943, $71,240; accrued liabilities,
$2,231,609; provision for U; S. and
Income from
share
one
344,355
276,740
and
:
for
Deferred
Capital
rata
pro
of common
y■'.;Y:Y;.:y;,, Vy1v •;■/.'- y Yvy-'Y
subsidiary of Baltimore & Ohio RR, will receive bids
of either $502,400 or
$628,000 of promissory
notes.y ' YY-, </. Y■:"/V,- Vy'
*.Vy
y'<i''■
The larger sum would represent
100% of tlie purchase price of eight
1,000-hor.sepower Diesel switching locomotives to be acqu»rea irom
American Locomotive Co. for
delivery up to February, 1944.
The
receivable, $6,864,$242,156; due from non-
accounts
Liabilities—Accounts
000;
Co.
of the
smaller
;Y
and advances, $1,255,595; post-war refund of
excess
profits
taxes, $372,246; prepaid expenses and deferred
charges, $863,775; prop¬
erty, plant and equipment, $6,178,665; goodwill,
$1; total, $33,946,763.
payable,
shares
Co.-
to Oct.
vestments
notes
of
9,507
the
has been
The
71,414
945,270
'
$4,397,710; U.
and
other notes and accounts receivable,
consolidated
subsidiaries, current account,
$4,123,624;
10
by each
Gas
Oil
costing
Sheet
681;
500),
R.
the
up
■
*284,971
banks
on
each
record
of
issory Notes—
$2,455,388
cash—
taxes
the* rate
:
Consoli¬
Staten Island Rapid Transit Ry.—Asks Bids On Prom-
obligations, $600,970; customers'-notes
Canadian
at
315,292
10,991
payable—trade—
liabilities—
Deferred
v
Paid-in
of
5,000
173,551
"■-•■•
296,658
Customers'
Oil
lieu
by
2,728,359 shares
lieu
with
amount
Cr4,514
stock;
loans
all
to
receivable-
receivables.—
——
Provision
,
Stanley Home Products, Inc., Westfield, Mass.—Stock
50,000
Consolidated
118,710;
of
other
Liabilities—
-V.
above)
and
drawings—
equipment and expenditures
assets
Accrued
YY-'■' ;'
Jersey)
accounts
$249,728
45,500
'
charts
Accounts
at
—
in
(New
(itemized
and
1942
•»
$543,889
bonds._^_____
'
Total
Y'Y-'
The stockholders hive voted to increase the
by 20,GOO $5 par shares, of which 9,712 are
at
—Y.—'
Assets—Cash
for
stockholders
Increase & New
$696,151
Dr31,530
AY——Y
in
the
Co.,
of
15, 1943,
3837.^
202,161
$2,582,386
Other
$100)
Manager of manufacturing operations. J. W. Connolly,
coordinator of marketing
divisions, and Harry G. Burks,
Jr., Assistant to President Chester F. Smith, have been made directors.
—V. .150, p.
.
Paid
Co;
in
become
who
i
.'
'"y;vy1
.;>!/
(retired!—______
y,—___*
YY' UYY-YY.' Y—:
85,692
$5 cumui. pfd. ■ stock,-v.;-y Y;,.-/••:.•.• yyYY:y y y v y..y Y y;*v•:
Vy
Common
y
(par
and
income
series
Co,
in
of
Gas
Standard
preliminary
a
file
i
paid or accrued:
Cumul. $6 1st pfd.:stk.Y
■
l
'
.
(par $100)
stock
Jersey)
all
owned
cash
its
11(b)(1)
J.
..
•'
$100)
(par
Oil
■*.■■.•
Standard
to
$935,146
V 36,834
'
4,768,129
Divs.
■
stock
preferred
contracts
advances
Development
Jersey),
yY-yyYvYy
Consolidated Natural
of
Consolidated
for
adjusts,
(New
and
notes
—
public-utility natural gas subsidiaries and one non-utility
subsidiary in
exchange for all the shares of stock to be issued
by Consolidated
prior
res.
contingencies
of
registered
tion
by
55,164
-:,-Y
Addition
Co,
common
7%
tinue as General
42,122
256,800
—
years
Oil
tax
hand.__^_„
on
assets
Patents,
■
Jersey) and Consolidated Natural Gas Co.,
companies, filed with the SEC applications
and
declarations
under
Section
11(e)
and
other
sections
of
the
Public Utility Holding
Company Act of *1935 and the rules and regula¬
tions
promulgated thereunder for approval of a plan
designed to
effectuate compliance by Standard Oil
with-the requirements of Sec¬
8,952,617
92,234
Fixed
L
y
•
'
Govt,
and
Inventories
in
Gas
Nov.
disposition
Standard
both
$879,982
charges—
to
Standard
subsiidaries
gas
Natural
of
to
shares
S. & Cana-
applic.
"
Standard
Co.
Co.;
The
Jersey)
June 30,'40
$3,206,180
$2,505,388
Adjust,
by
stock
on
hands
Gas
As
$5,565,265
$7,530,317
taxes
of
$9,832,599
27,421,371
-V;'"!
.
New Vice-President and Directors Elected—
income
Prov. for U.
the
sell.,
income—
Miscellaneous
1943,
*'..•?*'
;
■
Sheet, July 31
1943
banks
Employees'
Jersey) of all the
of Consolidated Natural Gas Co.1
remaining in the possession
of Standard Oil Co.
(New Jersey), after the
distribution referred to
above, by reason of the payment of cash by Standard Oil Co. (New
Subs.)
$7,438,083
Total
9,
S.
the
stock
common
natural
Natural
to
34,994,389
Miscellaneous
Oct.
In
Customers'
the
170,000 shares of common stock
ipar $100)
5,000 shares of common stock
(par $100)
:
Natural Gas Corp. 20,900 shares of
common stock
Gas
which
stockholders.
20,602,674
!■
*
279,693 shares of
stockholders of
own
(d
use
$23,808,853
in
shares
6 Mos. Ended-
$42,432,472 $32,986,637
ended
■
said
Jersey)
ural
re-
allowances
Cost of goods sold,
approved
100,000 shares of
of
transfer
of
distribution
.
(jiscQunts
week
-/.;*=
Co.
Co.
Consolidated
In
National
Canadian
V
v"
•
$100)
solidated
Peni¬
civilian
for the
,
companies
State
Natural
its
of
indis¬
of
operating
(c)
to
the
synthesis
U.
exchange for 2,728,359 shares of the $15
value common stock of Consolidated Natural Gas
Co.; yYYYYY
The distribution by Standard Oil Co.
(New
par
this
June30,'43 June 30,'42 June 30,'41
jess
Gas
The
dated
the.
With
'
subsidiaries
gas
shares
York
stocks
of
studies,
system
••••■
Natural,
Period—•
Balance
Assets—
following: "Y'Y
Y;Yy
by» Consolidated Natural Gas Co. of all its com¬
2,728,359 shares (par $15), to Standard Oil Co.
in exchange for all of the
outstanding capital stocks of
Gas
285.000
(par
Council."
Consolidated
surplus,
wit,
■
Ohio
New
This
of
utility
.'-"r.
natural
River
y.:::- :V'yY
distribution
Chester
Monday, October 18, 1943
;
Peoples Natural Gas Co.
period of time large additional
All production of Penicillin is under allocation
quantities of the drug.
to
to
follows;
\
reasonable
a
998.
p.
Co.—Weekly Output—
public
Co.
Hope Natural Gas Co.
beginning, methods of production were limited to surface
cultures producing only small quantities.
We have subsequently devel¬
oped a deep fermentation process and are erecting plants which should
make
earned
.
issuance
Jersey)
East
the
"In
The
five
as
successful
which is
at,
the
yy
the
extraction
determination
the
Oct.'11
on
stock,
(New
regard
properties
of
degradation
be arrived
may
ultimate
SEC
(a)
mon
engaged
with
recently been
of Penicillin.
salt
cillin.
available.
studies
methods
on
through
that,
158,
$8,623;
Approved by SEC—
The
(New
toxicological
have
sodium
pure
hoped
surplus,
Standard Oil Co. (N. J.)—Distribution of
Consolidated
Natural Gas Co. Stock
of business
laboratories
of
Electric
...;
which
a
&
v
strain
isolation,
We
!';t.
new
its
on
and
final
and
Gas
'Squibb Strain,'
other
to
initiated
synthesis.
to
totaled 193,186,000 kwh., as
compared with 159,255,000 kwh. for the
corresponding week last year, an increase of 21.3%.—V.
158, p: 1478.
pre-war
heretofore
strains
carried
been
view
a
is
it
the
its
the
as
available
has
have
and
formula-of
step
than
to
satisfactory,
pharmacological
crystallization
accomplishment,
pensable
known
Institute
drug and studies
-and purification with
chemical
most
now
been» made
Our
-•the
in
organization
been
developed,
productive
more
strain
new
in
have
results
has
$2,483,185.—-V.
output
Standard
numerical
strength and to add such manufacturing facilities as may be needed
to meet the professional and
lay requirements of expanding needs.
"We intend to
develop our business in Latin American countries,
as well as
to reopen markets in other export fields.
Pursuant to this
purpose,
we
have in operation two wholly-owned subsidiaries, one
being E. R. Squibb & Son Inter-American Corp., now actively engaged
in the development of
the Latin American markets; and the other,;.
E. R. Squibb & Sons International Corp., intended to develop export
business as opportunity affords in markets other than Latin American.
"We have also caused more recently the formation of a
presently
•wholly-owned subsidiary, E. R. Squibb & Sons de Mexico, S. A.,, with
headquarters in Mexico City, which has purchased land and'Is now
completing plans for the erection of suitable laboratories to develop
our
business in Mexico and probably supply Central American coun¬
tries.
We
have
also
formed
a
presently
wholly-owned subsidiary,
E. R. Squibb & Sons de Cuba, S. A., with headquarters in Havana,
which for the present will operate as a distributing organization for
Squibb products; and we are making comprehensive studies of the
desirability of forming subsidiaries in Brazil and Argentina."
Progress of research conducted by E. R. Squibb & Sons • was
touched
upon
by Mr. Palmer.
"Our research
activities have been
concentrated
primarily upon products required by the Government.
Among such products the most notable is Penicillin.
Since the original
article by
Dr. Florey of Oxford was published in August,
1940, the
Squibb Institute for Medical Research has progressively intensified
its
total,
credit
Standard Gas & Electric
<
for
sales
our
deferred
Cash
the post-war period are being out¬
lined as definitely as seems prudent at this time to meet aggressively
the conditions we think will evolve.
In these plans, we contemplate
no
change in our methods of distribution of Squibb products, but we
plans
$9,073;
stated:
Palmer
Mr.
surplus,
$9,059,968
;
;
The company has filed with
the'Securities and Exchange Commission
a
registration statement covering the
proposed issuance and sale of
$2,500,000 of first mortgage bonds, 4
V4%, due Oct. 15, 1958, and
124,250 shares of common stock ($1
pari;. Underwriters areFor the bonds:
Blyth & Co., Inc., $600,000; Estabrook-&
Co., $600 000; Bitting, Jones & Co., Inc., $250,000;
Hornblower & Weeks, $250,'000; Paine, Webber, Jackson & Curtis, $250,000; Van
Alstyne, Noel &
'
.
(Continued
on
page
1577)
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4221
158
Stock and Bond Sales
NOTICE—Cash and deferred delivery tales are disregarded in the day's range,
Mew York Stock Exchange
«»
WEEKLY
"
1541
YEARLY
-
unless they are the only transactions of the day. No account la taken of such sales
United States Government Securities
the New York Stock
on
in computing
the
range
furnish
we
a
Oct. 9
Daily Record of U. 8. Bond Prices
fHigh
Treasury
4 Vis, 1947-52
Oct. 13
Oct. 13
Oct. 11
&%-£
HOLIDAY
Oct. 14
Oct. 15
Daily Record of U. 8. Bond Prices
Treasury
2Vis, June, 1964-1969——
—
1 Low
[Close
;
Total sales In $1,000 units
in
1
High
100.24
Low
Close
2
101.7
fHigh
2% 8, 1952-55
Low
.
[close
Total sales In $1,000 units
*1
[High
[High
2y4S, 1954-56
}1
[Close
[High
fHigh
{ Low
2s,
1947——
Low
•
[Close
Close
Total sales
units
In
$1,000 units
[High
High
111.17
[Close
111.17
Total sales in $1,000 units
fHigh
2s, Dec. 1948-50
Total sales In $1,000
1
112.2
Close
HOLIDAY
112.2
units
fHigh
2s, June, 1949-51
in $1,000 units
103.12
Low
[Close
Low
■
Close
Total sales
$1
High
103.12
2s,
103.12
units
Sept.,
1949-1951
.•{
Total sales In $1,000 units
*
HOLIDAY
[High
2s,
Low
[Close
Dec.,
1949-1951
Low
[Close
units
Total sales in $1,000 units
[High
Low
2%s, 1951-54—•
2s,
March,
[High
[ Low
1950-1952
Close
[Close
Total sales in $1,000 units
Total sales in $1,000 units
I High
(High
2s,
Sept.,
1950-1952
100.26
/ Low
100.26
[Close
\ Low
56-59
2%s, 1956-
100.26
(Close
Total sales in $1,000
Total Bales in $1,000 units
'
2%s,
fHign
[ Low
1958-63-
'
units
(High
23,
100.8
—_{ Low
[Close
[Close
Low
100.8
4
f High
\ Low
1951-55
[Close
Total sales In $1,000
—
units
High
fHigh
Low
1945.
2%8,
2s
1953-55
\ Low
Close
[Close
units
Total sales in $1,000
Total sales in $1,000 units
-
f High
1948
2%s,
/High
l%s
j Low
1948
{ Low
[Close
Total sales in $1,000
100.8
$i;000 units.
Close
Total sales in $1,000 units
.>■■■-
fHigh
2s. 1951-1953———
Total sales in
2
«
.
units
Total sales in $1,000
fHigh
Low
[Close
$3
High
/.
units
112.2
Low
2*48, 1948-51
•1 Low
[Close
High
27/gS, 1955-60
i
units
111.17
Low
Total sales in $1,000
now
Total sales In $1,000
3s, 1951-55—
Total sales in $1,000
1948-50
[Close
Total sales in $1,000 units
.
[High
2s, March
LOW
[Close
1945-47
Low
[Close
Total sales In $1,000 units
Total sales in $1,000 units—
2%s,
V
'
——| Low
Total sales in $1,000
1
—
[Close
101.7
———'
—
'
Total sales In $1,000 units
101.7
Low
S—
—
I
100.4
fHigh
j Low
Close
"High
3s, 1946-48—
100.4
100.24
•
2y4s, 1951-53
S—
Total sales in $1,000
100.4
100.5
100.24
[Close
2Vis, 1967-72
Total sales In $1,000 units—
VsS, 1949-52..
1
$1,000 units:
"High
3
—
,
100.5
8
—
100.5
100.5
,
100.5
100.5
j High
Close
Low
Oct. 15
100.5
8
'
j Low
3 VsS, 1946-49
Oct. 14
100.9
[Close
Total sales
13
100.5
{ Low
f High
1946-56
Oct.
100.5
[Close
3 Vis,
Oct. 12
100.7
[Close
2Vis, Sept., 1964-1969—..
Total sales in $1,000 units-
year.
the New York
100.9
units.
f High
4s, 1944-54-—~Low
Oct. 11
on
fHigh
j Low
,
Total sales in $1,000
—
Oct. 9
the
Exchange
daily record of the transactions in Treasury, Home Owners' Loan and Federal Farm Mortgage Corporation coupon bonus
Stock Exchange during the current week.
Figures after decimal point represent one or more 32d of a point. (See note below).
Below
for
[Close
units
Total sales
in $1,000
units
High
2 Vis,
Low
1949-53
Close
Federal Farm Mortgage
Total sales In $1,000 units
fHigh
3
j Low
2Vis, 1950-52
Vis, 1944-1964
/High
-/ Low
—
[Close;
[Close
Total sales in
$1,000 units
Total sales in $1,000 units
fHigh
2Vis, 1952-54
__
f High
—i Low
3s, 1944-1949
j Low
-
[Close
Total sales in $1,000
Total sales In $1,000 units
[Close
units
f High
\ Low
2Vis, 1956-58
Home
[Close
f
Low
Total sales
100.8
Total sales
2
lot
♦Odd
NEW YORK STOCK
Monday
Saturday
$ per
*58%
*113%
*47
Tuesday
Oct. 11
share
59
115
Oct. 13
S per share
59%
49
—'
—
—
54%
10%
10%
*10%
30 Vi
*29 %
*47
•
10%
*29 Yt
*113%
«
49
*53
29%
*53
19
19
41%
41%
*73
6%
*107
75
110
30%
*108
*42%
25%
*71
*9%
151%
29%
29%
29%
43
41%
43
25%
73
14%
13%
13%
27
27%
For
footnotes
see
—
1551.
46%
19%
19%
41%
43
*72%
200
2%
2%
10
*72%
6%
108
2%
54
/
V
'
10
20
__
53 Va
200
10%
2,900
30%
200
Adams-Millis
400
75
6%
103
2%
6%
6%
4,800
*106%
109 Va
20
2%
2%
7,200
30
30%
17,100
29%
41
30 %
41%
1,600
42
42%
42%
1,500
25%
25%
25%
7,200
——
9%
*9
150%
151
150%
*13%
14
*13%
26%
26%
26%
73
9%
150%
14
27%
71%
71%
10
9%
9%
600
150%
150%
1,000
*13%
13%
100
27%
28%
Acme
Steel
Adams
No per
Year
Lowest
Highest
$ per share
t
per
share
63% Mar 12
37
110
Feb 23
35% Jan 23
115% Sep 29
Air
11,100
&
41 Vi Jan
5
7% Jan
25 Va Feb
6
-10
Corp
Reduction
Alaska
25
-
14% Jan
8
par
38% Jan
8
67
Jan 28
No
Inc
Vicksburg Ry
Juneau
Gold
Min
Albany & Susquehanna
RR
100
10
100
1
100
-100
Allegheny Corp—
5 Va % pf A with $30 war
5% % pf A without war
$2.50 prior conv preferred-No par
Algftny Lud Stl Corp
No par
Alleg & West Ry 6% gtd
100
Allen Industries Inc_.
Allied
Chemical
&
Allied Kid Co—
Allied Mills Co Inc
Dye
1
3% Jan
85
Jan
Jan
5% Jan
5% Jan
13
Jan
18 Ve Jan
64
Jan
7
7
25
11
2
2
11
11
15
Jan 19
No par
140% Jan
9
5
10% Jan
8
No par
I per share
4
SlVaJan
No par
No Par
Co
Express
Alabama
30
9%
.
100
-
Address-Mutigr Corp
4,300
29%
25
-
—
10%
29%
41%
preferred
53%
29%
*71%
4%
Abraham & Straus—
*29%
29
25%
No par
Abbott Laboratories
30 Vi
30
73
Par
10%
28%
'
■'
Range for Previous
Lowest
>
75
110
bond.
Bange Since January 1
'
Shares
28%
_
■
152
page
113%
19 %
*108
—
9%
27 y4
113%
*44
41%
24%
26 Vi
47
41%
*71%
*13%
115
47
*19%
25 Vi
*150%
*113%
49
6%
registered
EXCHANGE
59
19
73%
151%
115
59
41%
25
9%
59
*29%
6
of
RECORD
NEW YORK STOCK
% per share
*53
*71
10
*58%
75
{Transaction
Sales for
291%
*72%
«.«,
31%
30%
—
—
$1,000 units
the Week
Oct. 15
53%
10% :• 10»%
■
2%
31%
$ per share
Friday
19
——
110
2%
14
41
'•
6%
6Vi
2%
30%
75
.
29 Vi
41%
41 Vi
58%
53%
'
.
19%
*19
*72
6%
2%
54%
—
in
sales.
STOCKS
Thursday
Oct
$ per share
58%
115
*113%
49%
Wednesday
Oct. 12
$ per share
*58
{ Low
[Close
100.11
units
LOW AND HIGH SALE PRICES
Oct. 9
Low
units
100.11
Low
[Close
»p
in $1,000
1%S, 1945-1947
[High
1963-1968
-j
[High
Total sales in $1,000 units
Total sales in $1,000
1944-1952
[Close
[Close
2 Vis,
Loan
3s, series A,
r High
2Vis, 1962-67
Owners
/High
Total sales in $1,000 units
16 Y* Jan
4
52
July
57% Sep
Oct
July
Sep
Sep
Sep
July
May
Dec
Mar
113
Dec
31
May
43
Jan
18
39
Sep
48%
Jan
'6%
Apr
8%
Nov
18%
Jun
26%
Deo
Dec
10
Mar
16%
1
29%
Apr
41%
3
61
Jan
69
Oct
®
1% Mar
4
Nov
1
14
25
25
25
69% July
A Jan
04%
Dec
Feb
%
Oct
3%
Apr
6%
Nov
3%
Apr
6%
Nov
9%
Jun
17
Jan
22%
Jan
2
26
18
May
57% Nov
4
3%
Apr
July 15
118%
Apr
10
May
12%
Jan
Apr
16%
Nov
11/a Jun
165
51 Va
104
21% Mar 30
^-2
3 U
32%
31%
45%
31%
75
Highest
t per share
3
13
Apr
7
32% July 13
48 % Jun
76% Sep
'
May
1942
14 y4 May 17
28% Sep
7
11 Ye
73%
Feb
77%
Dec
149
Jan
THE COMMERCIAL & FINANCIAL CHRONICLE
1542
r
NEW YORK STOCK
Monday, October 18, 1943
RECORD
4Monday
Tuesday
Oct. «#
Oct. 11
Oct. 12
$ per
f per share
$ per
share
STOCKS
PRICES
Wednesday
HIGH SALE
AND
LOW
Saturday
Thursday
S
share
per
$
share
Oct. 15
i
share
per
Sales
Friday
Oct. 14
Oct. 13
Range for Previous
STOCK
NEW YORK
for
EXCHANGE
the Week
Range Since January
7^7/
.
Par
Shares
per share
Allied Stores Corp
15
15%
14%
15%
14%
14%
14%
14 %
15
15%
*90
92%
93
93
93
93
94%
95
94%'.
94 Va
35%
35 Va
35%
34 Va
35%
34%
35%
35%
36
6,800
Allis-Chalmers
22
21%
21%
21%
21 Va
22
22'A
22V4
22 'A
1,400
1%
1%
1%
*1%
1%
n%
1%
*1%
1%
.200
•25%
S per share
21 %
1%
5,600
5%
500
:''%y
*25'A
27
*25'/4
27 Va
*25 »/4
27%
81 Va
82
80%
81V4
*80
80%
81
81
1,400
Amerada
29%
29%
29 Va
29%
63
63
62
62%
*16
16%
*16%
58%
58%
7%
"/
37
37
130
7%
■■
*
130
63 V4
63
63%
2,800
American
Airiuieo
4
16%
16%
1,000
American
Bank
589.4
58
7%
7
37
16%
37
130
8%
8V4
*85
.85%
177 Va
8 Ve
86%
86%
*176
176%
33
32%
33 V8
33%
34%
66 »A
66 Va
66 Va
66%
66 Va
67
66%
66%
67%
67 Va'
106 Va
*20
23
'
*9
,
*20
10
14%
•
*100%
'
-
{'/%7A'X'7:71*14%
—
101%
14%
23
112
2%
9
34
2%
2'A
*8%
9
106%
1,06
*20
*9%
10 %
15
145a
14%
101 %
101'A
*100'A
33
34 s
34
77
23%
514
.
74
74
74
1914
18%
18%
/
68%
67
33 %
31%
5%
*3%
3%
'*3814
40x
*38'A
-
7 69
*68
■7'
4
■'"7;
4
7
4
7%
734
*5%
7
v7
5%
46
46
■
12%
12
74%
7314
13%
13%
13%
*8%
9'A
22%
■
120
19'A
7,30Q
66%
*66 Va
32 Va
4'A
47
—
120
13%
*45'A.
12'A
74
13%
75
10,800
121
1%
Jan
21
11
Dec
18%
7
43
Mar
70%
Sep
Jan
Oct
24
Nov
76% July
18
July
25%
Apr
58%
Deo
5%
Jan
9'A
Oct
60% Aug
9% Apr
38%
Apr
49
Nov
3% Mar
6 Va
43% July 14
134
Aug
9% May
23
Apr
120
18
Apr
4
l'/e
80
July 10
24 % Apr
33A
Apr
Dec
74%
% Mar
176
Oct
20
May
33
Jan
73%
Jan
55'/a May
'
7
16
105
May
May
110
69
Mar
103
15
Jan
18
35
22%
Jan
May
100'A
Dec
7Va Mar
16'A
Nov
92
15
%
5
Anr
Nov
7%
Nov
25'/a
Dec
16%
Jun
ft
Jan
16
187/e
Jan
49'A
Dec
July 14
1 %
Jan
8%
Dec
10 %
Jan
42%
Dec
25%
Jun
35
May 10
87% Jun
26
3
Jan
3% May
29% May 18
9
Oct
Dec
10
10
Dec
Dec
2
Oct
Jan
Mar
7%
14
4'A Jun
20%
3% May
25
104% Jun
Dec
159
116% July 23
112% May 10
24% May 20
11% May 6
18% Feb
Oct
Jan
Feb
Apr
56%
91% July 15
185% July29
45% Jun
l
33
130%
2
Dec
6
78% Jun
Feb
23
36% Apr
1
2% Jan
4
4% Apr
6
2'/e May
3%
32'% Sep
36%
Oct
56
Dec
2
May
Leather—
&
1
preferred-
conv
50
Ice
American
No
L—
preferred
6%non-cum
5%
Jan
5% Jan
100
73
Nov
Jan
15
9Va
Apr
12%
Dec
7%
Nov
4
100
116'% Jan
29
—No
par
x26
500
230
preferred
35 Va Mar
10'A
20'% Jan
34 Va
Jan
40'A
par
122 %
&
Dec
Nov
7
Jun
par
Metals Co
23
37
5%
2
Feb
:
6'A
No
Mach
Amer
7 Va Feb
Jan
Mar
2% Apr
4% Oct
46
-No
Amer
25
17% May 6
82% Sep 15
13
Ltd-
100
2,800
1%
May 27
2
,
Oct
Metals
Au»
*36% Apr
5
Oct
Jan
2
39% Jan
i% Jan
>
No par
May
66% Sep 20
9% May 6
5
lk'A Jan
7
7% Feb 11
8%
5
2
1
2
Amer, Macp & Fay co_.
6%
2
4% Jan
—
600
•
70
par
—50
Locomotive—:
preferred
7
37'% Jan
preferred
conv
7%
53 % Jan
V
40% Jun 22
1
Corp——
American Invest Co of Iii
American
5
100
No per
Internat
Amer
17
Jan
35
—1
American Home Products—
<23%
*8%
?
H Au?
Jan
30
Hide
23
8%
23'A
Nov
Hawaiian SS Co——10
6%
3,100
13%
*13%
•
20
12%
73%
Jan
19%
6
*121
8%
120
47
12'A
7
23 'A
120
:.'
400
30'/a
July
Apr
14% Apr
Jan
Jan
American
900
pur
Nov
81
22
7
39
v
-
7
——no
8
6%
Apr
64
-—No par
$6 preferred————No par
/American
*'7-
6
*13%
23
*119'A
.77"'
;
*5%
47
12
300
2,400
1
63
5%
73
:
46 % Jan
preferred
4\
$ per share
18% Jun
2
$7 2d preferred A
,
1,000
8 Ve
11%
.
8%
22%
—
7 4'A
*59
*7%
*45%
12
—*8%
■'
a
4Va
.
4
7%
5%
73
13%
.7:.7-7;;
62 3
$7
y—;
68%
7%
5%
73
67%
4Va
*59
7
7aa
:'"7:
7
■
2
Jan 27
Jan
8
Jan
2
13
200
/.■
.
Aug
1% Jan
900
3% '
40
*38%
68
7
68 %
33
7
3 'A
40
4 'A
62 V2
*45%
7—7 ■ :7
■
■
32'A
3%
68
11%
yj"-
'"
68 %
32
*38'A
68
*59
68
3%
40
*4Va
...
:--7
!
13%
22 7
/ *11914
,7
120
18%
-';77_7 7 '7 4A7" 7 :'Vi7 y. /5 %':
'■
9 %
22%
19% 7
7%
74 Va '
*8%
22%
—
12%
.
•
19'A
x67%
7 7?: 7
47
*45%
12%
74%
19%
32
1
Feb
1
Jan 26
4
6% Jan
23% Oct
Amer & Foreign
700
337
19%
6%
14
971%
15 %
1%
10
100
20
Feb
Power.--—No par
Amer
74%
pi
96
par
American
2,700
74%
*38'A
7.
"
5%
:
74
*3%
;
—
-
'
x'
5
Jan 22
European Sees——No par
Export Lines Inc—— 1
100
400
9
73%
7%
s
*5%
■"
"
62%
7%
_7-"
:
—
4%
7:
*60
63
*60
:
7,.
68%
6814
-
—
'-7.7
40
5'A
32
7
-.7
:
32%
*3%
24'A
5%
5%
66'A
■7'"'—.'7
7 67
*66
*32%
74'A
18%
*8%
*23%
1,600
15
109
25
10
Co
•
4,500
9
53a
5'A
Coal Co of Ahegh Co N J
6
18% Jan
par
—100
No
Crystal Sugar
6% 1st preferred
Amfi"
Distilling Co
American Encaustic Tuing
70
.
No
American
500
2%
Inc
9
64% Feb
—100 :
preferred-
2
Jan
24'% Jan
No par
Chicle—
American Golortype
7':/"-T-;--
35
2%
24
24
23%
5'A.
,v::-~7-A'7'
75
19%
'
2%
*8%
9
*8'A
23%
5%
2%
2%
Cable
&
conv
173
—100
v'~
Chain
Am
10%
34
1942
Highest
share
18
28% Sep
86% Jun
20
Am
23
23
*100'A
33'A
2%
;
—
23%
5%
5'4
*73
33
'
: 7':
-U7 '*77
—'
'
9
24'A
*24
777'
"
23A
3% Jan
71% Jan
1 "
Can——————25
American
'
■
33%
34'A'
33
4
60
480
*14'A
101
100'A
•
.22%
111%
106
23
:7
*9
10 Va
2,900
110%
*20
*9 Vs
14%
*101
106 %
23
*20
10%'
*14%
101
yMf7
23
y*9%
14%
107 'A
106 V4
22%
110%
107 V,
*110
111%'
105%
106 Vs
22%
111 Va
22 Va
22%
22%
*110
1273a Jan
Car & Fdy-—
Preferred;
1,309
22%
2
100
American
1,600
V
5
4
No par
Preferred
200
32%
5
Jan
Brake Shoe & Fdy
American
500
V
.
47
1
Corp
Amer Cable & Radio Corp—_
18,300
88V4
177
8% Jan
10
——50
5% % conv preferred
Am
40
8%
88%
177
177
Note
Bosch
4% Jan
27% Jan
7,000
37 Va
»u
—
preferred
American
131
*129
6%
150.
2,700
7%:
7V'4
37%
130
8 V.
16%
58 Va
7'5A
37
37%
130
16 %
<:57%
58,
:
33%
112
27
62 %
32%
,v
Jari
62
33%
22%
52
Amer
32%
*110
2
1,000
85%
*176
Jan
29%
177%
85%
86 Va
178
23
29 V3
130
7%
■
7%
7%
7%
*85%
*177
Agricultural Chemical-No par
30
77 7/
37
129
37
*129
14
16 1
7'A
7 Va
Jan
30.:
$
96% Sep 15
43% July 10
23% Sep 21
2% July 22
x67
30
Corp—No
16% Sep
7
7
par
58%
58%
7Va
0
Petroleum
61 Va
16%
*58
'*29
27%
Year
share
2
17% Jan
7
% Jan 13
.13 Vi Jan 20
preferred-—-,——50
6% conv
*A
80%
27
No par
Alpha Portland Cem
80 %
*25'A
Mfg—.;
per
6'% Jan
—No par
-100
preferred
$
Lowest
73% Jan
26 Va Jan
—No par
Amalgam Leather Co Inc—1
1
35%
1
Highest
Lowest
.
%Jun
,
1
10'A Jun
4
4
May
27 Ve Apr
7
16
Apr
123
7
May
113'/a
23% Mar
119
Feb
'
Feb
"
40 %
40
37%
914
9 la
7_
•
1314
1314
65%
65'A
14 Va
13%
*16
16 Va
2%
34%
2%
34'A
2^8
39 3 4
40
40%
37'A
38
9%
9 'A
*173
176
2%
7
•v.
40%
37 Va
9
„
_V
34%
2%
37
—
13%
13'A
65 Va
*13%
34'A
34
_7-'7 7
•
176
*173
:
7.-77'7
.
9%
9'A
•
176
*173
38
••7„x
40%
37%
40 Va
37%
2%7
2%
27/a
2%
'■-.-■'7
34
34
34 %
*34
2%
4,600
40'A
41
37%
38'A
9'A
11,200
4,000
7, $6
•
a%
*173
7
175
*173
Light
—No
Preferred
175
13'A
13'A
13%
13%
65'A
65 V-t
65'A
65'A
65
65'A
670
4'%%
13 Va
13'A
13%
14
13%
13%
600
American
15
15 'A
15
15
1,900
100
American
13%
5.800
American
•
,
Rolling Mill
35 % Julv 30
2
2
4'A May 10
45% July 27
4
42
2
Feb
3
154
Va July 27
11% Jun
8
172
July
8
144
7 23%
15
40'A
„
771
*1614
1714
16%
1638
*2T
28
27 %
*110%
a
-7
58
145%
*118Va
•
'
.: 7 i.777;
77:"%77;
*29
.
155'A
15%
16
27 '2
111
111
30
7*29
27'.
155%
•
7
a
30
7
7-,
'
;r
57%
577«
58 37
58%
59
18
4
6%
14 Va
Jan
5
*118'A
—
77
146
145
9'A
145'A
145%
9'A
9%
44'«
*118%
119 %
119%
*118 1/8
.
6%
6%
6%
87 Va
*84 'A
87%
*6
6%
6%
6%
69'A
69%
6%
*68%
70
85
25%
25%
'
■
26 Va
26
20'A
*114
*10 V8
*2%
*45%
5%
..
*
11
82
*36
>;,K
36%
9 V4
_
9'A
*108
9 %
J-..:,'-"
-22
-
2-'
-
4%
4%
93'/a.
40'A
106'A
106'A
*106
5'A
*10%
2%'
134%
Jan
49%
Jan
43 % Jan
2
65% July 14
34%
Apr
50%
Jan
2
6% Jan 14
Jan
6
115% Jan
8
146% July 23
12% July
1
Apr
143%
Jan
7%
Nov
67
preferred
5%
36'A
7 '
*
'
.
«
v
J
9%
*108
.7
.12:2>2'
•
■'2
.
12%
'2—2
%
•'••-l2;V
59%
22-2
87'A
J.. ~2.:;
87%
28 %
29'A
28%
-
29%
32
32 V4
32%-
ii.:
-
*62'A
25%
*109
11%'
*103
57
*56
56%
62'4
*60%
*11
*6%
*122
130
11%
.
9%
71
4
6%
6%
4
4
37a
5%
•.
Jan
65% Jan
5
79% July 21
7 % Apr
7
54% Mar 30
51%
Dec
76%
Jan
3%
Apr
5%
Jan
38%
Jun
1
Jan
Jan
29% Apr
7
24
Dec
30
Jan
300
Anchor Hock Glass
12% Mar
17
Jan
-
Corp
5%
4.900
71
71
500
*79
82
20
37
37
W Paper
P
Armour &
20
—_5
Midl'd
No
of Illinois
Co
4
500
Armstrong
9'A
914
9%
200
Arnold
9%
13
13
12%
*9 V4
*9
500
Artloom
113
*108
13%
7%
13%
2.100
Cork
*93
94
93
93 Va
230
87 V2
*85%
87 la
*87
87 Va
20
41
*38 Va
41
*38%
41
IC6V2
106 %
*106%
58 Va
58%
58%
59%
87
87
28 %
v;
2d
Sep
18
83% Sep
28
par
30
40% Jun
5
No
par
Jan
2
Jan
9
Jan
7
Feb 27
Jan
4
Jan 11
Jan
7
32
*31
63 Vt
*61%
100
6%
4%
92
1
preferred——
6%
.—100
Dry Goods
preferred.-
72%
—.100
No
59
87%
87%
400
28%
28%
29 Va
4.100
Atlantic
32
1,100
Atl
preferred.—
Coast
10% Jun
5
Oct
4
15% Jun
28
-
'
f6134
^•222 222"
25
V-.v^2.,:-222
110
:
-Jj'.}?;
11 Va
:;!2-^22;V2'-2:
♦
•
•?'
-
i
-
25 Va
110'A
11%
63
2514
111
-r»2,;.'2l;
22
ll'A
ll'A
56%
56%
56'A
56%
61
■:
W
25%
111
62
61%
*122
130
*122
61%
130
,32
63
63
100
25%
,25
110
2.500
110
11 Va
270
11%
5,200
*56
56%
600
*61%
62
270
*122
130
G
W
&
5%
1 SS
preferred—
Atlantic
4%
Atlas
—
.
Corp
6%
5
preferred
Powder
57c
conv
—
50
:
—
—
__No
preferred—
par
100
Jan
4
18% Jan
7
Mar 16
6% Jan
4
50% Jan 14
52
Jan
9
,113
Jan 12
44
1^.7-222r
2;%—
••'
,V2,
■
•
'
2..1 •:
-
2
.
•
2~22 2':2
*11
6'A
*68
3%
ll'A
*11
11%
6»A
6V4
68
70
-
614
71
11%
11
*6%
200
Atlas Tack Corp
300 ?
6%
Austin
72
*69%
$5
No par
Nichols
No
prior A—
No
7,600'
Aviation
16%
6,400
Baldwin Loco Works v t
6%
6.100
Baltimore
3%
3%
3%
3%
3%
15%
15%
15%
15%
6%
6%
Corp of Del
(The)
par
par
3
7% Jan
7
2% Jan 21
28'% Jan
5
3'A Jan
2
67'A
Feb
Oct
66
Jan
21
Jan
33%
Dec
8'A
Nov
5% Mar
2%
79
4 'A
AprV
May
4'A
4%
82
Jan
Oct
July
77'A
Jan
Jun
83
Jan
20
Jan
28%
Dec
27
81%
Jan
100'/a
Dec
67% July 24
27 Va
Jan
53
60'A
Jun
72%
19%
Jun
34%
Oct
16%
Jun
34
Jan
107
Sep
63
Oct
8
28% May 27
113% Sep 13
13% May 29
57
Sep 28
68% July 14
123
Jun
24
''
7/
V.7
Sep
Sep
40%
Dec
53
34% July 22
106
2Va
42
36
61% Mar
8
—25
Apr
20
Jan
—__100
pref series A
Oct
1% July
27%
39% Sep
13
19
Mar
12'A
97% July 21
94 Va July 22
26'/a Jan
1
1
112% Mar
Jan
90% July 22
38
May 26
__100
;
Refining
conv
Atlas
Lines
May
7% May
6%
100
RR_:
107
Apr
100
.
Line
10%JjJun 26
110
44% Jan
66
Jan
5%
5%
75
5
4
7
2
Jan
32%
28%
5
Jan
87
20
2
20
29
7,500
23
Jan
100
59%
47% Sep
6% Sep
Jan
par
59
7
27
Jan
preferred
—100
Atch Topeka & Santa Pe_—•100
50
14% Apr
3% Feb
3
Corp
Assoc Investment Co
106 Va
Mar 18
No
Corp——i—
1st
7%
116
46
49
preferred
6%
2
23% July 15
5
Co
Constable
Associated
Jan
5
Jan 20
Jan 13
Jan
5
Jan 11
No par
preferred
preferred
37%
par
16%
111%
10%
1 %
34
Jan
100
$.6 conv prior
75c
—No par
Co Inc—
Daniels
par
__12.50
div preferred
Andes Copper Mining
10%
5%
Cable—No
$5
115%
81
113
Apr
4
771
9 'A
39
24
A
106'A
-
72
*69
Feb
par
Dec
6
Wire &
Archer
-
Nov
70'A
3%
4
Anaconda
200
*9'A
4
Aug
8% July 16
300
300
*108
1%
9
May
88% July
28%
37
9 %
113
Jan
50
?%
538
Dec
116%
v
22% May
46%
*70%
108'A May
33%
5
7
2
par
No par
No
$5 prior conv preferred
2%
31 %
ll'A'
*11
7
*69
130
s,- •
*
61
*122
1
-
Apr
Apr
3% Jan
53% Jan
3% Jan
No
.
Amer Zinc. Lead & Smelt—
100
*45 Va
28
11%
11%
11%
*56
•
.
20
*10%
*106 Vi
'
.
110%
*61
\
3%
22
26
*114
87
-2; 2''
v
25%
25'a
25%
\
120
—100
Eiec
&
\
-
20
121% Aug
2
8
1,500
93 34
*38 %
63% 7
*61%
63
111
j!.
49% Sep
Jan
31% Apr
47
93%
'.
2
327/a
-
„
*87
•
Wks
''
1st preferred
Woolen
Preferred %
1,100
87%
;
-
:22'
y
%2222' '•••
106'A
•87%
$6
32
.100
*
'
v,
American
2 V2
5%
36'A
914
>--2%
■
■'
41
58%
60
10
—14
preferred
Water
Am
100
Foundries Inc
\
129% Jan
_-.-l.00
—
Amer Type
"American Viscose Corp
*79
7-
Aug
Apr
Apr
46%
5%
23
17'A
33'A
2 %
70%
81
Jan
101'A
*45%
45
70
10%
97'A
2
20
10%,
78% Mar
2
20
.115%
Jan
11
26
*114
Oct
21'A
Jan
Jan
25%
115'A
Feb
12
Mar
15
42% Jan
25 3 4
*19%
12
Nov
Common class B———-i—25
320
'
59'A
Jan
Aug 31
Jan
Oct
Mar
24% Jan
26
81
y.;"y:
2
88%
*38 %
115
7Va
21%
63% Julv 15
100
"
»*•'-
93%
.
83%
90
*38%
5
9%
36'A
144
25
25%
2%
21 yyj. 2
72y;:'%;:2r,\2
■
13%
92%.
93%
*87%
14
Jun
Copper Mining.50
25%
'
,
Jan
Jan
2
Jun
Jun
Anaconda
*43 V2
25%
20%
4
17 Va July 15
33
Apr
16%
Jan
Nov
32% Aug 11
1,500
900
15% May
29
136 Va
Jan
43
148'A
158 % July 22
Tobacco—No par
Tobacco
3.400
4,200
17'%
91
21%
127'%
100
——,—100
45
Apr
3
151% Aug 31
29% May 29
.
6.300
4%
4%
47'A
2514
410%
22:2l7.-7:'2'
j
113
13
13'A
4%
6Va
6%
69% ■V 70%'
69
*43%
*114
>.
'
*13'a
69
46
45
►;i«//: 'J Jr
9%
.
*108
6%
87 %
2534v
*19%
■
9%
*9.
■
v
'•/"••L2-
-
36%
*9%
9'A
113
6%
*84 V4
6 Va
25%
7
2;
2
80
*35%
6 'A
87%
*6%
68%
6%
*84 »A
46
,
•
'V'-
•
2'-.,'/
71
a
80
A
;
5%
5'v*
70 5
72
*80
'
•J-.'..
46'A
*45
5%
*71
"
V •—l'
2%
*2'4
2%
47
v!
11
10 Va
7-7%
25'A
'•
•
-
'2' 2'27'
115'A
*114
115 Va
6%
85
;!'6-'A;
Jan
"'
•
J«/,: 2.
20%
*19%
68%
'
4%
7;
26 %
*19%
-V
y-
%
25%
26 Va
6'A
.7
AS '/a
*46
48 Va
25 %
63a
v-7-7;
^
I'-
•
4%
4%
5
*4%
*46
„
::J-
12
Telep & Teleg Co
•v
*85
par
35 Vst May
132 Va May
2
Sumatra
Am
100
119
par
6
9
2
35%
May
1
Dec
14
2
2.500
44'A
11
19% Jan
11% Mar
24
Feb
Aug 18
47% Apr
Oct
9% Nov
Jan
American
9% 7
•;;'':7''.X4334
141% Oct
par
32% Mar 23
161
59%
42'% Jan
Amer
1.200
145%
S%
43%
44% 7
35% Jan
7
1
12
May
52%
Jan
Nov
.-25
'300
5,700
.59%
156
Refining
Jan
5
No
-
Jan
12
No
Co„__
165
9% May
Apr
4% Mar
No
i.
Stove
Preferred
100
:
30%
59
9'A
American Sugar
58%
58'A
44
American
700
156 3e
*29%
155%
146
American Stores
400
111%
*111'A
57%
:
700
28
Jun
6'A
8
i—25
—
142%
22
^
69% July 24
27
No par
Foundries-
Apr
15 % Apr
16% July 14
Jan
Apr
3%
37 Va Jan
144% Feb
—No par
preferred
15'A
15
28
111
7%
Amer Steel
26'A
Apr
12 »/8
2
2
100
American Snuff—
40
5,400
*16/ 7 717-:%
,,7.
155'A
—
118%
Ve
xl6
57
17'
7
.
15
16%
400
.24%
Jan
12% Jan
par
—.100
144%
23%
56%
—7'
9%
118'/a
118 Va
t
—
7777:77'
45
44®a
1
15
Smelting & Refg
Preferred
260
41'A
*143
23%
Amer
151
*41
;
144
23
27 Va
*110
__
146
9'A
9%
45
7—7
/
58%
58%
14512
145'A •%
*9%
44%
7;:'7%:"7
41%
*143
16%
7:7 7
*40
•
23'A
27 VA
—
—
56%
*56
57
40
14%
,v
—
--
,
•
155% '155%
1553a
58
'
30%
*2914
30
30
155'A
*56
,
Amer
5,400
40 'A
150%
No
Jan
IS
6
54
18.50.
Seating Co
Ship Building Co
■;
30
40
151
Razor.
530
151A
29%
40%
■
-
*15
28%
40
150'A
143
23
-
28
39%
40
111%
1111
28
154
143
27%
*110%
151
.
'
777/;
23%
15
15
'7
:: '"
,■
141 Va
23'A'
23 3 4
15
7.
40'A
141%
41%
41%
*140
39'A
77'7 7-7^'
154
.153
155
28
39%
39'A
39%
155
—
28%
28
29
28
,4 39%
7
15%
:7T5
Safety
15%
26%
Jan
10 % Jan
—100
■
13% 77
21% May
% Mar
8% Jan
25
—.
preferred
conv
4
'6% Jan
par
-No par
No par
Rad & Stand San'y,
Jan
ft Jan
1834 Jan
16% Jan
—No par
preferred—
preferred——
$5
Am
13'A
77i£77:
65%
Co_
News
Power &
Amer
3,900
9'A
American
13 Va Jun
4
33
Oct
Oct
Mar
45%
Jan
14% Apr
99% July
23%
Jan
109'A
Feb
6'A
46%
43
111
7
Sep
7
Jan
Apr
51
Dec
May
May
Apr
70
Jan
116
Jan
9V«
Jan
3'A
Dec
9% Aug
4
1V4
Apr
85'A Aug
4
15 %
Apr
6% Apr
8
2%
Jun
4'/a
Jan
Jan
31
Dec
B
15%
15%
15%
15%
15
6'A
6%
6%
6%
6%
6%
*6 Va
10'4
1014
10%
10%
10%
10%
10 %
10%
10%
10%
*9%
10
9%
914
9%
9%
10
10
10
10
58%
59
59
59%
370
23
23%
23 Va
24%
3,300
12V4
500
58'A
58%
58
58
58
58
*23%
2414
23'4
23%
22%
23%
*12
12%
*11%
1214
12
12
'*44%
45
45
45
45
*12'%
12%
12%
1,500
600
4%
Conv
Barber
45
45
45
*44%
45
16'A
16%
16%
16
16 %
16 Va
16%
16%
16
2.200
Barnsdail
16'A
16%
V2
16%
16%
16%
16%
17%
17%
17%
9,500
Bath
*26%
*32
13
*31
105%
*10'A
27
33
26%
*25
33
2514
*32
*32
26
108%
108 3 4
108%
108%
1314
1314
13%
13%
13%
32%
110
10%
32%
*31
*105%
110
*10%
10%
*25
33
10914
*32 %
*
109%
13%
13%
31
31
*30
*108
110
*108
*10%
10%
26
33
108 %
*10%
32 %
112
'10%
*25
26
*32%
*30%
*10%
,
12%
32'%
130
$4.25
4.700
•
Beech
50
10%
6
7'A
Jan
6%
Jan
Aircraft
Jan
2
2
14% Apr
12% Apr
29
4
Apr
34'A Jan
25
22
Jan
par
6
60
Feb
9
28% July 14
5'A Jan
13
12
24 3A
Aug
33%
Dec
19'A July 19
8%
Jan
12%
Dec
7
20% Mar 22
12'A
Jun
18 Va
Jan
Apr
x23'A
Nov
26
Oct
par
—25
No
par
23 % Jan
7
24% Jan
16
105% Aug 12
4
13
12%
13
13
13%
1,000
Bell
34%
35 %
34%
35%
3,600
Bendix
Aircraft
X29
Sep
May 27
33% Jtlly 19
X110
—
15%
20
Apr
9
14% Sep 24
Sep
33 % July
13
114
Aug 28
11% July 1
1
Corp
Aviation.
Dec
■#'A Noy
4
25
35
Dec
13%
2
25
13
20
36
Jan
Jan
34 Va
47
Apr'
13%-Jan
.9'A Jan
13
4'A
1
30
93
35 Va
6'A Mar
21
12% Jan
25% Jan
13
Sep
15% Set)
Jan
5
50
No
Corp—
Apr
5'A Jan
6
Creek RR
y
—50
Beech-Nut Packing Co—.
20
Belding-Hemingway_,
No par
34%
4 Va
Jun
Beech
112
13%
1551.
Jun
4'A
15
34%
page
14%
2%
10'A Sep
13'/a
footnotes see
Jun
7
—1
,
34%
For
No
Creamery—
preferred
9%
10
10
Oil' Co_.
Works Corp..
Bayuk Cigars Inc
19% May 27
2
100
preferred—
Iron
Beatrice
109
xl2%
*108
300
.
33
109
5%%
2
3% Jan
100
5% preferred—;
Asphalt Corp
Barker Brothers—
10% Jan
50
preferred
& Aroostook
16%
T08%
13
100
c
Ohio
Bangor
16%
150
&
12
Jan
2
20% Mar 16
5
33% Aug
3
39% Apr
6
23%
Jun
64
30
Feb
Apr
110%
Jan
6%. May
9'A
Dec
9% May
17%
Nov
28 'A May
39%
Jan
Volume
Number 4221
158
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK
LOW
Saturday
Monday
Oct. 9
v
S per
share
SALE
$ per
share
16%
16%
16%
16%
v; *55%
*56
57
;;55%
56%
*34
35%
*34
15%
15%
15%
58%
117
57%
117
*$$%
56%
34%
34%
54%
15%
16
16 %
16
16'/a
57%
57%
58%
58
59%
117
37'%
117%
37%
117%
117%
*17%
17%
17%
17%
8%.
8%
*16%
8
16%
*15
*15
16%
96
96
15 %
15
*47
48
46.%
90%
*90
47%
*47%
31%
30%
15
*95
15
14%
45
45
90
90
47%
J
31%
*14
46
•
46%
32%
'
46%
90%
1,300
90%
110
Bon
46 %
46%
150
No
;yClass B
:
Amt
38
July
17
Jun
par
55% Jan
7
100
110% Jan
par
27% Jan
par
32%
31%
i.5oo
Bond
29%
0
29%
29%
29%
29%
% 29%
29%
3,700
33%
v..
33%
33%
34%
34
34%
5,300
Borden.Co (The)———»
Borg-Warner Corp
,15
33 %
*3%
3%
*3%
3%
Boston & Maine RR—
3%
*3%
35%
*35%
3%
36 >
35%
35%
35%
'40%
40%
40%
40%
40%
9%
9%
9%
9%
9%
26%
26%
26%
26%
26%
26%
26%
..*41%
*42%
41 %
35%.
35%;
9%
*
*41%
43 %
H
26
*41
43%
*42
15%
15%
41%
40
40'/«
16%
16%
16%
16%
8
117
7%
6%
48%
'
*7%
*97
50%
7%
48
17
15%
40 %
*16%
7%
19% Mar
6
14%
11% Jun 17
19 % July 14
11%
9% Jan
76
5%
6
6
98
49
49
7%
:
17%
*96%
*17
7%
17
18%
18%
32%
32
32%
*32
33
*31%
28%
28%
28 %
28
23
27%
18%
*109
109%
13%
13%
12%
4%
4%
4%
'56
59
41%
9
9
9
28 %
*3%
3%
12%
12%
*72%
74%
20%
20%
59%
%
44
*57 %
59%
45%
46
3%
400
Butte
19%
19%
19%
13%
25%
*25%
26%
25%
25%
25%
*25%
54
*54
54%
54
54
*53%
55
*53
11
1
1
6%
7
1%
7 -v./
7
15%
1
6%
8%
*6%
*43
ii 14%
20%
20%
33
33 V*
*26%
*4
116
*139%
140%
'139%
45%
34%
*121%
45%
45%
122%
141
95
26%
*4% V,
*113
4
116
-
45%
.
34%
3434
34%
*105%
106%
121%
*121%
122
122
115%
115%
115
115
12 %
*12
200
Carpenter
100
1,700
34%
■
110
v;
900
122
115%
190
12%
12%
18
18
19%
20%
116%
116%
12%
12%
12%
18
18
18
18%
18%
17%
18%
*2%
2%
2%
2%
2%
2%
2%
2%
*109 %
110%
2%
*109%
10%
2%
110%
110%
110%
110%
110%
*110%
110%
11
11
18%
18%
*18%
*5%
6%
*110
115
*5%
*110
39
39
38%
6%
xl7%
19
17%
17%
18.
19%
19
19%
19 7
10%
10%
11%
11%
11%
11%
19%
19%
19 %
18%
18%
19
*17%
*20%
107%
*5%
115%
5%
*109
39
*27%
47%
*5%
115%
*109
X38
38'A
6%
5%
6
66%
67%
65%
67
18%
*17%
*20%
107%
30
*27
47%
8
47 3
8%
18Va
*17%
21
b
"27
47%
*5%
66
*17%
*20%
107%
*27
47%
7%
8%
7%
7%
7%
12%
12%
12%
12%
12%
12%
4%
*4 %
4%
*4%
4%
*17%
48%
7%
8%
4%
4%
18%
18%
18%
18
18
18
18%
13%
13%
14
14
*14
14%
17%
17%
17%
17%
17%
*38 %
38%
38'A
38 %
*17 J/4
38
38
38
50
*48%
50%
*48%
50
*13%
14%
*13%
14%
*15'A
16
,1%
*26%
78%
79%
*14%
*103%
*46%
6%
*138
x
113%
V8
*37%
*107
108
*92
93
*52%
«72
*113
38%
*107
*92%
54
'
}
*52%
48
145
<3 0
108
68
22%
*104
105%
*104%
105%
*25-
25%
25%
25%
*111%
*15%
15%
16%
15%
15
115
15%
80
*107
50
*74
113
*107
93
92
108
*107
*92
36Ts
37 %
37%
37%
37%
37%
155
99
25
:
111
'
22 %
22 3 is
22%
105%
'104%
25
15%
25
114
*15V8
24%
'111
15%
16
16
*21 %
21%
21%
21%
1
70
.1,900
21
21
21
21
24%
4,400
900
114
...
15%
15%
200
15%
1,920
16%
1,720
15%
40
16
*15%
-
22
22
2,100
22
22
600
Apr
6% Mar
10%
Nov
95
Jan
17
Deo
1
Jan
22%
Deo
Apr
53% Nov
5%
0%
7
9?8 Apr
6
46% July 22
97 % Aug 31
31% May 29
5% Apr
6
123
May 10
11
Dec
3% Jan
29% May
1% Feb
47% July 21
8
Apr
27%
7
32
Nov
16% Nov
v
15%
Dec
33
Aug
7% Nov
■
'
37 %
Feb
4% Nov
Apr
38%
Dec
89
77
Apr
22% July
2% May
54%
Jan
7%
Jan
X
Mar 31
11% May
1%
Jun
11%
vv
Jan
28% Nov
3% Nov
Apr
78
Deo
July 13
117
Jan
130
Dec
54% July 19
30
40% Jun
25
15
Apr
Apr
July 22
82
108
42%
Deo
29%
Deo
97%
Deo
120%
Jan
Apr
97%
Dec
8'A Jan
17% Oct
16% Jan
2
14% Apr
5
Aug
8%
Dec
7.
21
12
23%
Jan
l%Jan
2
97%
3
13 1
3
—100
-100
5
25
Oil
——-No
-——i
50
50
5
par
par
pari
par
10
par
25
Co 7% gtd
50
Special gtd 4% stock—
50
Molybdenum
No par
Cluett Peabody & Co
No par
Climax
100
A
1
—No par
(The)-
A
;
Colgate-Palmolive-Peet
—No
par
—No par
preferred
No par
.Collins & Aikman
5 %
conV preferred
Corp
No par
—'—100
—No par
tColorado & Southern——___—100
4% 1st preferred
4% 2d preferred
100
100
Columb Br*d Sys lnc cl A_Class B
-
2.50
2.50
Jan
98
100
—
5
No par
-X
100
100
5
No par
C. C. C. & St. Louis Ry. Co
100
5 'c preferred—.——:—.100
Clev El Ilium $4.50 pfd—No par
Clev Graph Bronze Co (The)
1
5% preferred—100
Colo Fuel & Iron
2%
77
No par
Copper Co
Chrysler Corp
City Ice & Fuel
6%% preferred
City Investing Co
City Stores.
Clark Equipment
•
38
8
Feb
110
Chicago Great West RR Co.
5% preferred
Chicago Mail Order Co
Chicago Pneumat Tool
..No
$3 conv preferred
—No
Pr pf ($2.50) cum div.—No
Chicago Yellow C&b
No
$4.25
23
v
Oct
6%
21% July
3% Jan,
Jun
13
2
24%
.
14
3
32% Jan
Jan
Jan
Jan
Jan
Jan
li
5
8
13
2
2
7% Jan
2Ve Jan
10% Jan
,
24% Jan 3067%
10%
96%
27
Jan
Jan
Jan
Feb
Jan
.
A
1%
11
Jan
2%
82
Apr
Sep
29
23%
Jan
6
15%
July 8
May 17
34
22
5%
23
11
13
7% May 12
27%
217/a Jun
2
15% Sep
20
41
54
.
Jun
Apr
Apr
Apr
7.
2
4
10
8%
4%
Jun
Jan
33
47
Apr
July
Jun
10
11%
Jan
Sep
7% Nov
Jan
Jan
Jan
11%
Nov
Feb
13%
2%
20
May
Jan
Dec
Jan
May
99
July 15
32
Oct
34
2%
Mar
7
Jan
18
120
747/o Jun
7
67%
Apr
116% Aug 10
107%
Jun
39 & Sep
108
70%
9
39% July
130
Jan
92
28
22
Sep
22
92% Sep
29
Jun
Dec
22
May
95% May
Feb
25
27
25
Jan
39%
52
Jun
43%
Dec
Jan
13%
17%
Dec
10% Aug
3
39%
Aug
Apr
Jun
Nov
125
Deo
72
Mar
112% NOV
31%
102
Dec
Deo
54
Sep 13
48% Mar 30
77% May
47
May
32 V* Apr
o0
Jan
44
Jan
40
July 20
25%
36% Jan
153
Sep 21
July 14
123
139
Apr
Jan
63%
Jan
11% Mar
17%
107 y*
NOV
96
19% Juy 14
19
NOV
92
Jan
28% July 15
114% Oct
6
•
149
56% Mar
7
4
67
84% Mar
55 %
97%
2
36%
1
Sep 24
24% Sep 10
109% July 17
15% Jan
Oct
4
Sep
Oct
9%
2%
Jan
4
Jan 11
Jan 11
Jan 12
Jan
4
2
Jan
18%
Jun
May 1
May 27
8% Jun
Jan 23
Feb
6
37% Aug 3
33 % Jan 12
142
May 13
2
2
6
19
100% NOV
2%
8%
53
84
50
2% Jan
Deo
8% Nov
Aug
15% Aug 18
^
3% Jan
3
Jan
15% Jan
32%
Apr
30
106
28% Jap. 22
101A Jan
7
Jan
14% Jan
Nov
32% Apr
9
853 a July 15
.
Oct
3%
Jun
12
3% May
.
Dec
35
%
15% Apr
18
104
X
2%
1%
a
Ayr
;.
Sep
14%
93
Oct
Jan
3% Nov
Jan
1%
22
3%
July
27
Jan
.v
18
Apr
8
July
50
July
9V« May
17% May
110
Jun
4
24
2% Nov
Mar
108
32% Oct 13
123
Mar 17
67
Feb
2
109% Jan
4
88
62%
16 %
103%
17%
108
1% May
90
Apr
71
4
1% Aug 26
Apr
19% Apr
6
4
4
6
.
8
6
12
6
Jan
15% Jan
37
?Jan
48V8 Jan
11% Jan
13% Jan
16
7% Jun
7
18
7
41
8
99%
8%
33%
2%
5
7% May 13
115
Sep 21
2
1.7.% Jan
•
18% Jun
7
Jan
;
Aug 27
23% Jun
12
2
Jan
7
3% Mar 12
111
4.
Jan
Jan
6%
July 16
23% Jun
Mar 19
Jan 14
x33
1
A
Co
Sep
Feb
22
—No par
40
Class
Jan
4%
19%
Feb
Nov
Sep
Chic. & East 111 RR Co
Coca-Cola
18
Oct
3%
44
.
128% Sep
—No par
-
Preferred
600
Jan
Sep
16%
Jan
21
"9%
Jan
2%
50%
%
9% Apr
7
19% Apr
7
24% July 14
25
Oct
120
Clev & Pitts RR
3,200
15
15
14
600
6%
40
Mar 27
1% Mar
9
25
1.
Products
Cotton
Dec
56
144
119
4%% preferred—100
Col—
20%
4
:
Chickasha
Nov
14% May
15% Mar
Jan
preferred
Checker Cab Mfg
;
Chesapeake & Ohio Ry
JChilds
26%
—No par
—20
6%
105%
*111
114
Sep
11% Sep
16% May
19% May
30% July 13
4
7%"6ct
5%
96 % Feb
Champion Pap & Fib Co.—No par
Class
•
Apr
Apr
100
6% prior preferred——.
68%
15%
111
Lt
Certain-teed
155
111
*67%
14%
1551.
148
68%
*104%
105%
160
400
54
22%
25 "8
*14%
155
111
*52%
*67%
22%
*104%
*111
*148
68%
80
93
39%
111 %
900
108
39
111
,10,200
38
39%
*67%
,
Dec
Apr
Oct
100
Chile
80
113
*37%
•54
*15%
page
33%
*52%
*148
900
2,100
145
*38%
15%
22
6%
54
15%
22%
»; 48
38%
15%
22
14%
104
38 "4
14
22%
see
*74
:
*112%
>
93
15
22
,
*6%
*33
80
38
16%
21%
.
*138
113%
14%
16
■
*47
6%
32%
*37%
108
*14%
*103
145
'.
1%
78% ; 79%
14%
6%
16
*26% /28%
78%
32%
*138
>
16
*1%
103
15%
*15
22
footnotes
*12%
28%
14%
21%
For
*74
*52%
111%
14%
*47
6%
33
146
54
155
16
*140
*92%
*111
114
47%
93
*148
*15%
47
38%
154
*111%
14%
103
113'A
111%
22
77%
14%
113%
37%
22%
*26%
104
*37%
38%
*67
28%
38%
36%
13%
200
113%
38%
22%
14
78
14%
6%
39
68
77
103
32%
37
111%
■:
6%
37
*66
*26%
33%
38%
*148
13%
1%
33
80
*37
*12%
15%
47 /
145
*113
30
1%
14%
7
*72
600
50
15%
104%
34
*138
X 38
1%
14%
48
"6%
38
15%
104%
800
50
1%
78%
17%
500
38%
15%
28%
1,100
:
"14%
•'
50
1%
78
14%
"
18% A 18%
*49%
15%
*26%
105
*33%
13
1%
28%
800
13%
*49%
15%
1%
6,300
100
Preferred
100
Cerro de Pasco Copper——No par
I
I
3,300
4%
14%
17
*17%
12,300
X
12% S13
14%
17%
*14
190
%:
29
111
Chain Belt Co
900
'
Dec
14%
Dec
40% Jan 21
26% Jan
7
95% Jan 26
No par
No par
preferred
Central Violeta Sugar Co—
1,110
20 '/a
48
13
1,800
107%
*27
8 %
.
1,600
18%
20
prior
Century Ribbon Mills
i,
—100
tCent RR of New Jersey—
800
68
*107%
47%
4%
•
%
29
47%
4%
18'%
18
Central
1,700
vX
6
66%
20%
107%
12%
./■
66%
107 %
29
47
38%
6
3%
85%
2%
47% Jun
;
Jan
14
3 % Jan
77V8Jan
Central Aguirre Assoc—„—No par
Central Foundry Co__
—1
110
115%
37%
series
——
5%
*109
vi
6
18%
107%,
30
V:ii
20%
20
107%
*5%
11534
38%
38 J/2
6%
21
5%
A
Jan
Jan
10
127% Jari 21
2d preferred
Celotex Corp
*
5 ve preferred
3,000
X
'
1
' 7 %
6,700
19%
6
.
6%
107%
J
8%
112%
69%
Jan
Oct
Jan
Jan
Dec
2
2
X85
Jan
25% Jan
—5
'
.
Jan
4% Jan
40
100
Ry
7% prior preferred
;/
340
11
68%
68
8
Ohio
Co—
.
par
A—1
Preferred'
5%
1,700
••
Steel
Celanese Corp of Amer
140
115%
116%
12%
-
24
Caterpillar Tractor
80
12%
116%
xl2
.5.
.
1,800
.
106%
.
7
52% Jun
Carriers & General Corp—
Case (J I) Co—
46%
106%
121%
121%
34%
106%
22 % Jan
6% Feb
36% Jan
Nov
35
Apr
25% May 20
10
.
140%
46%
34%
9
class
X
4%
121
>
Jan
—No
-
280
.
*139%
45%
Mills
Administration
$3 preferred A
Carolina Clinch &
27%
116
,
16
2
5
29% Jan
10%
6
6
25
Jan
Apr
9%
7
5
*1%
*103% Mar
July 15
5% Apr
18% July
Ry„
'■
■
29
83% Apr
%
6%
14%
13%
Jan
■Apr
7
10% July 15
.
8
1
Jan
%
28 % July
7
Jan
-50
Capital
140
43
4
72
„'L
Cannon
-A
35%
6
No par ;
Zinc-Lead
Nov
Jan
Apr
l'
13
No par
94%
4%
6
2% Jan
9% Jan
Nov
NOV
ft Apr
May 3
48% Oct 15
2
5
9%
21%
26
1
109% Oct
6
5% Jan
100k
preferred.
Canadian Pacific
100
7
*26
140% 140%
45%
45
94%
%
210
7,800
44
106%
106
121%
*43%
*43
21% Jan
Campbell W & C Fdy
No par
Canada Dry Ginger Ale__,
5
Canada Southern Ry Co——100
3,300
Jan
30
29% Apr
5
35% July 19
31% Jun
7
2
20% Jan
Calumet & Hecla Cons Cop
v
9%
*6%
26%
-
113 %
*45%
34%
106
45
44;:%
94%
4%
113
140%
46%
34%
34%
106
1
33%
33%'
•
*6% A. 7
26%
*4%
140%
*104'/a
95 %
26%
4%
*113%
*43%
*43
94%
27%
%
116
45
.,
5%
41
..No par
Callahan
800
•
Jun
6
19% Sep
2Q
Copper & Zinc
2,700
7%
22
-8%
105% Apr
May
10% Apr
6
30
;
California Packing
10
15%
,21
8%
4
5
.4.10
_
1,900
*15
•
*:i * 34
8%
7 :i
44%
*6%
95
*112%
*33
'.if.
7 A:
21
400
1
7%
15%
54% Aug 17
7
Bldg 7% preferred—100
preferred
conv
2,100
'
14%
44
46
94%
9
'43%
7
*44
4%
8%
T
r *6%
27%
*4%
33%
8%
95%
*26%
15%
20%
44
44%
*95VIi
15%
21%
:/ 33%
v v:
7
■
■'
*6%
"15%
8%
45
25%
15%
:
32% .33%
*43%
/
!<#
20%
15%
22
*21%
1 s
iy8
Ifc
8.
11
17% Oct
247/a Jan
20% Jan
100
Participating preferred
Byron Jackson Co,,
54%
1
,:'•■
10 %
118% July 27
9% May 10
116% May 10
2
Oct
6% Jan
14% Jan
—1
i
Byers Co (A M)
26%
53%
&an
3
76% Jan
48
100
i
2,000
73
19%
Sep
75
3%
•c.
Nov
20%
20% July 10
7
6
3%
13
4
12
Jan
*3%
*72%
Jan
1
preferred;
5%
12%
Oct
31%
May
18%.Jun
5
42% July 23
15% Jun
6% May
Bush Term
73%
2
6% Jan
No par
..No par
Butler Bros
;
3%
Mar
.
4
1,810
.
1% Jun
25
July 14
44% May 21
8
Jan
Deo
Dec
1
44
4
2,500
:
16
9% Jan
1,000
12%
Jan
13
.—1
Terminal
9%
*19
33
17%
22 %
28%
Jan
Xl5
7
2% Jan
6%
48%
25%
*1
:
preferred
28%
*72%
30% Jun
Burroughs Adding Mach....No par
9%
12%
4
Bush
28%
19%
4
1,500
9%
75%
Jan
Deo
18%Mar
.
3
20% Jan
43
19%
,
37% July 23
40% Sep 24
12% Apr
5
2,300
28%
12%
6% Apr
lb
No par
Forge Co
8%
3%
9
16
.l
July 14
Jan
104% Jan
Burlington Mills Corp
5%
4%
20
30.
39
9
,
..No par
No par
Bulova Watch
1,500
i
12%
4%
2 % Jan
28% Jan
——100
Bullard Co
109%
12%
■
*73%
75
Buffalo
*28'%
9
28%
3%
.19%
19%
*57%
■
13
33% Sep
Oct
2.
5
Mfg,
preferred—
7%
$5 preferred
Budd Wheel
200
•
8
13
100
(E G)
900
-
28
*109
4%
9
12%
12%
*73
4%
Co,
preferred,,
200
18
Jan
20
No par
No par
Bruns-Balke-Collender
2,300
33
28
103%
12%
44
28%
3%
3%.
,
*109
59%
41%
9%
17%
*31%
27%
4%
*56
28 %
28V4
18%
33
12%
.
4^
42%
18
109%
12%
60
41
18%
>109
.3
4%
*56
41%
28%
13
18 %
7%
Jan
29% Jan
no
17%
4.0%
,
Apr
13% May
1
Bucyrus-Erie
460
7%
Feb
31%
July 15
l%Mar
Budd
*17%
17
95%
51
4
8,500
:
56% May 6
96% July 29
Aug
9% Jan
6%
51
Jan
2
1,300
101;
Jan
Dec
21%
Mar
7%
49
12
75
7
20
98
•
Apr
13
115%
7%
17%
•
100
17
Jan
Jan
July
2x".
22% Jan
26% Jan
Jan
7%
8
7
.
19%
14 %
13% May
25
May
72 ' May
13
1
Deo
Apr
58
38% Jan
5
Jan
Jan
29
Sep
21
89% Sep
;
Dec
66%
121
Jun
July 24
100
jan
115%
48%
••
5
21% Mar 30
No par
2,300
:
8
Jun
9
14
37% Jan
5%
48%
7%.
28%
109%
17%
7%
19
Jan
14% Sep
i 41% Jan
Brown Shoe Co
800
600
16%
116%
*31%
*109
15%
39%
8
115 %
5%
98
,7%-
*18%
15%
39%
26,
8%
49% May
105
July
18% Apr
2
Bristol-Myers Co
.5
^Brooklyn & Queens Tr —No par
tBklyn-Manh Transit— .....No par
Brooklyn Union Gas—i_No par
200
400
.
2-,
Briggs & Stratton,;
100
Ail
lnc
'
16%
7%
*
117
200
•
49%
*17
16%
7%
:
1
*!l
15%
*39%
100
'
7%
17
15%
1,800
43%
hi
■V
2,500
;42%
*42%
!;>
40%
»u$
6 ;i: :•
*41%
%
2
16%
117
6
97%
97%
151
9%
.
Stores
Dec
4
;
Bower Roller Bearing Co_,
5
Brewing Corp. of America
15
Bridgeport Brass Co——No .par
Brlggs Manufacturing
No par
700
■
.
26%
1 3
10
*39 %
__
7%
v
*115
*.■;
.
43%
•li
*40%
6
*42 X
,
IS
15%
8
43%
9%
26%
•
41%
41%
Ai!
15%
*115
41%
1
1%
400
40% * 40%
'
41%
43%
W
.
*1
>
>
3%
40%
9%
*3%
35%
40%
9%
40W
32'/4
Apr
8%
5
100
*3%
;
:
_—No par
——'—.No par.
29%
54
Sep
24% Jan
17%
r
6% Jan
Co class A
33%
Jan
16
46% Mar
v
13% Jan
,
par
___5
29%
8
15% Nov
3
28
69% Apr
6
121% July 20
38% May b
.
4.
t per share
9% May
5
7 ;
34
32
23
22% Jan.
Highest
$ per share
20 :
5
29%
-
17% Sep
56% Jun
8% Jan
33 %
v..
y
Bloomingdale Brothers—.—No par
BJumenthal & Co preferred
100
Boeing Airplane Co
5
Bohn Aluminum & Brass.;
u—5.
■
3,300
46%
*89
•:
20
15%
Co
Bliss & Laughlin lnc
96
-
*89
:
15%
-
Blaw-Knox
.1,900
100
.15
.
500
'•
8%
17
54% Feb
par
——.1
(Del).
i..No
1% preferred,
Bigeiow-Sanl Carp lnc——No
Black & Decker Mfg Co
'.No
400
1,000
*95
■14%
x46%
.47%
8%
*16%
96
14%
44%
"X
Bethlehem Steel
17%.
17%
17
xl5
.47%
31
17%
96
:V
6,800
Foods
Tear 1942
Lowest
t per share
13% Mar 17
par
i—No
•
37
S per share
pfd $2.50 div series '38_No par
Best
118%
X36%
,
>8%
15
46'/a
V
f
8%
*16%
14%
90%
*88%
37
■fl.7%
8%
17
*95
15%
*47%
*30%
37
.
17%
8
*16%
*117%
Pr
No
Range Since January 1
Lowest
Highest
j
Par
Best & Co—
400
6,300
'
37%
17%
16%
*95
*95
*15%
117%
37%
8%
16%
16%
117
,
'
;
Range for Previous
,
STOCK
Beneficial Indus Loan
100
.
34%
•
YORK
EXCHANGE
■;\i
2,200
56%
34%
i
Shares
'
16%
57%'
58%
37%
$ per share
:
NEW
the Week
15%
16'/a
*36%
,
16%
Sales (or
Oct. 15
$ per share
35
*34 >/a
Friday
Oct. U
56
58
STOCKS
Thursday
Oct. 13
16%
16%
RECORD
PRICES
Wednesday
Oct. 12
9 per share ixx'J. per share
16%
56
HIGH
Tuesday
X
Oct. 11
*16%
AND
1543
Apr
1Q% May
May
13% May
% Apr
Sep 25
1
18%
108
NOV
Deo
Oct
Deo
18%
Jan
4%
Sep
5% Sep
17% Sep
25
25
24% July 14
May
% July
8% Apr
16%
Dec
24% July 14
8%
16%
Dec
19% Sep
<
Apr
5
Sep
."W-'Z^fS ? ■■' w?i
m^urnm
THE COMMERCIAL & FINANCIAL CHRONICLE
1544
STOCKS
LOW AND HIGH SALE
Oct. 9
4%
4%
4%
t per
share
t per
Oct. 14
t per share
share
41/4
4Va
4%
Oct. 15
$ per share
4%
75%
NEW YORK STOCK
EXCHANGE
4%
4j/4
Par
Columbia Gas & Elec_.
14,000
757/e
75%
75%
75%
75
75%
75%
76
76%
2,100
6%
*71V2
72%
*71%
72%
71%
72%
*72
72%
71%
72 %
100
5%
*93'/2
95
94 %
94 %
95
*93
95
94%
94%
15%
15
15
14%
*14%
15%
15
15
39
36%
36%
*34Va
37
36 Va
36%
♦35
38
■38%
37%
38»/4
106%
37 Va
38'/a
37%
38 Ve
38
15%
*34
38 %
*106
106%.
♦106
69
106
407/a
41 %
40%
4iyjR
13%
13%
13%
13%
13%
%
h
%
iJ
it
%
68%
68-/4
69%
25%
26%
25%
41
69
-
26%
25%
*7%
8%
*7%
22%
22
22
22
21
20%
20%
108%
108 %
*4
4%
4
4
22%
104%
104%
*2%
2%
*2%
*13%
-
44%
*44
104 %
*104
104%
21
20%
21
-.
8%
8%
109%
109%
*108%
109%
347/a
35 Va
*11%
11%
5%
5%
32 Va
32%
31%
23
23
23%
11
50%
*50
15%
46%
21 Va Jan
2
2% Jan 13
.
*2%
*15%
16
6%
6%
*6%
2%
V
1,000
$2 partic preferred—
Consol Laundries Corp
3,700
Consolidated Vultee Aircraft
~No par
—5
13%
13%
13%
21%
21%
21%
21%
21%
13%
13%
14%
14
14%/!
1,200
Consol
13%
14
15
15
15%
3,700
*44%
45
45
104%
21
44%
200
104%
108%
35%
«
21%
>
8%
21
104 y2
*21%
104%
104%
21
44%
8%
8%
*108
Preferred
$2.50
Cuba
preferred
120
Consumers Pow
Container Corp of
Continental
200
8%
6%
pfd
America—
4% Jan
8
.—3
25 % Jan
8
7%, May 6
37% July 15
Continental Steel Corp
No par
Copperweld Steel Co.
;
5
Conv pref 5% series—
50
38% Jan
14% Oct
2
7
6
7
27% July
x9% Jan
45
Jan
Jan
2
47
5%
5%
5%
5%
5%
8,400
Continental
Motors—
31%
31%
7,400
Continental Oil of
23%
24%
500
11%
11%
1,300
*231/4
*11%
11%
51
*501/4
51
:
2
15%
15%
16
46
46
46%
46%
■
.
/ Z
59
*1%
2
*1%
2
19%
19%
19%
20%
105%
105%
106 %
540
21%
21%
18
17%
17%
Products
Corp.
1
Co—,—20
Crane
37
.100
Co
Jan
23%
Jan
3%
Jan
12 Va
18%
—1
—
2
Apr
5
Aug 24
7
Apr
61 Ve May 21
186% Sep
2
6
May 17
:
83
Dec
12%
Dec
97%
Apr
4
Feb
7%
Jan
16%
Bep
11% Apr
78
Apr
% Jun
Nov
.
Jan
94
% Nov
7
9
Jan
3
Apr
1% Jan
3% July
4% Jan
82
Oct
8%
Jan
9
Nov
May
96%
11% July
16%
Jan
Oct
5
5% Sep
Jan
28%
21% Apr
Dec
103%
2% Apr
77
Apr
Dec
8%
Jan
30% Apr
2% May
42%
Dec
47/e
NOV
17
27 %
Dec
Ap*
21% Nov
12% Jhn
50% Apr
8% Apr
Mar
51%
Jan
23% Apr
37%
Dec
58
Dec
179
Oct
45
42% Apr
159
2
22% July 14
Jan
16'A Jan
5
4
108% Aug 19
23% Mar 12
Jan 15
23% July 27
30% Jun 2
47
Oct 2
16% July 14
99% Aug 6
38
July 15
82% July 20
22% Aug 11
Apr
3% Nov
% Nov
2% May
13 Apr
2Va May 22
14% Jan
25
■■
Apr
1% Jun
Apr
9% Aug
;
.
■
17% Aug 20
176
-1
-
15
53
53% Jan 20
Jan
2
2% Jan 2
U Oan 2
25
Refining-
5,700
105%
20
Trust
Coty Inc
Coty Internat Corp—
200
7
1
Preferred
200
,
Electric
Exch
Bank
5
Del
Corn
160
4%
20
$2.50
Cornell-Ducilier
1,700
181%
4%
-
Corn
280
59
181%
,
4%,
2
191/a
—
182
*4%
2
—
58%
182
Inc
.
2,000
4%
*4% :
■
20 Va
182
*180
--
__
58%
58%
58%
—
4%
15%
46%
y«
Can
Continental Diamond Fibre
51
15
46%
i
*50%
15
—
■
110% Sep 24
4
Continental
Oct
Jan
28
Insurance
11%
5
6
6
49 y2 Sep 20
Continental
23
7
Jan
16
Jan
x4% Jan
96
Jan
45
Sep 22
104% Oct 13
23% Jun
7
llVaJun
2
15% Jun
1,500
5,500
10%
44%
27% Mar 30
16
Aug 11
16% May 10
16
36% Jun
400
46%
11%
—
Jan
7
11%
46%
Dec
34
hi
1
Sep
7
11%
46%
23
■
8
2
12
461/4
31%
24Va
105
July 24
3% May 12
Jan
*11%
31%
Sep
26% Jan
34%
12
32
5
3
2
40% Jan
35
47%
31%
Oct
89
par
100
12
36
12
6% Apr
7
24% July 15
33% Jun 24
20
.
109
5
105% Nov
21% Mar 29
7
Baking Co—No par
preferred
Jun
Oot
Dec
17%
July 20
11
Sep
8
4% Jan 11 /
50
$4.50 pfd—No
27
Oct
29%
21% July
25
Jun
24% July
Dec
35
.
7% May
•sa Jun
71 % Oct 15
21
25
Jan
l Ve May 10
Jan
11%
;
91% Apr
20% Jan
<
Jan
64%
Jan
16%
7
7
13
100
——
600
2,300
109%/
35%
—
_
RR of
24
19 V4 May 12
—1
Consolidation Coal Co-
1,400
/
Jun
2% Nov
54
45%
>
Mar
51
July 9
7% Jan 11
2% Feb 10
.
1
107% Sep 20
44% Jun
l
16
July 14
11
—10
131/4
44
5
Va Jan
5% Jan
41
6
t per share
Sep
30% Sep
29
Sep
19%, July 14
.
Highest
I per share
2
77 V2 Sep 28
72% Oct 13
98% July 15
2
15 ye Jan
9iy«Jan
Year 1942
Lowest
5% Jun
4% Sep 14
$5 preferred——
No pat
Consol Film industries——1
600
Range for Previous
■
$ per share
7
10%, Jan
90
Jan
Consol Edison of N Y—No par
1,900
1,600
•
17V2 Jan
.
13%
108%
__
58%
20
.
4,000
13,100
7
7
34%
181%
'*1%
22%
104%
.
—No par
Congoleum-Nairh Inc
^No par
Consolidated Cigar-;
.—No par
6%% prior preferred
100
Consol Coppermines Corp.
5
5%
46%
2
22%
104%
109%
■
16
46
19%
22%
2%
*50
15%
*45 Va
*4%
4%
104%
221/4
104
*108%
51
*15%
58%
/
share
1% Jan
2
40'A Jan
2
37
Jan
2
79% Jan 13
9
Jan
7
30 y2 Jan 11
25% Jan 14
104 l/a Jan 19
29% Jan 15
^
9y2 Jan
2
3ea Jan
2
36% Jan
2
Edison Co—23
Conde Nast Pub Inc
50
i
107
4
4%
81/4
11%
181
*106
108
8%
//•
23%
11%
4%
21%
eya
—
32%
58%
20%
15%
5%
2
No par
Commonwealth
300
1,000
1,000
.
,
*
47%
180
20%
2%
20%
—
47
5%
19%
——100
46%
12
12
47%
'
preferred
conv
6,600
22%
15%
—
35%
35
*46%
4%
—10
No par
Commonwealth & Southern—No par
$6 preferred series
-No par
5,800
26
22%
2%
104V4
.■
■/.■Z'
8%
58%
No par
Comm'l Invest Trust
Commercial Solvents—
4,700
22,000
.
v
8% ': 8% v
7%
22%
15%
*44 y4
8%
180
par
13%
45
*50
-——No
21%
—
'■
•
*11%
par
'13%
.—
14
*20%
4%,%
—No
13
—
13%
14
104%
25%
26
■
4
22%
6%
22
13%
13%
.
:
C:
71%
2%
13%
14
*44
$2.75 conv preferredCommercial Credit
Co
5,200
70
70
15%
7%
13%
4%
104%
104%
2%
22
21%.
*21%
*106 »/4
22
13
13%
13%
107%
<:4//
Ve
16
6%
7
22%
*20%
107 Va
104 y4
*15%
15%
7%
22%
20%
*7%
22%
22
22 Ve
104 l/a
8%
20%
8V4
*107
15%
■
100
100
$ per
'
♦107
*6%
200
200
|ir
106
13V4
40%
:
\l
'
22%
*20%
106
' 106%"
Columbia Pictures
''
13%
%
69
,26 %
11106
Columbian Carbon
5,700
.
26 Vi
13%
%
%
106
•■/
38%,
preferred series A
preferred.
....
400
,
C
;.—No par
200
?
?
69%
41
14 •■,/
14
14%
41%
41%
41
*93
/z
Range Since January 1
Lowest
Highest
Shares
J per share
4%
:/Z/:,/
/
■
Sales for
the Week
Friday
Thursday
Oct. 13
Oct. 12
Oct. 11
t ver share
PRICES
Wednesday
Tuesday
Monday
Saturday
Monday, October 18, 1943
14%
10% Apr
Dec
'
106
20%
20 Va
21
18
17
17%
*28
; 20%
*
17 %
105%
1051/4
105%
106
*105%
*20%
—
17
21
21
16%
;
•
21
*17'/4
29
♦28
28%
27%
28'A
28
28%
47%
*46%
47%
46%
46%
46 y4
46%
46%
15%
15%
15%
15%
15%
15%
16
16
.97%
97%
97%
97%
98
98%
*97%
98%
31%
31%
>31%
31%
30%
76%
75
75
21%
21%
30%
31%
*75
*21%
.
21%
■
lll/e
11
11%
11 %
311/4
75
75
*21
31%-
570
10%
32'A
3,600
75%
76%
22
22 %
300
$2.25
Crown
11%
11%
11%
♦109
113
>109
113
*109
113
*107
112
*107
101
*98
102
*98
101
*98
101
*98
21
21
21
22
23
24
21.
18%
91
90%"
24%
*106
6%
6
6y8
300
Sugar.—
—10
—100
preferred—
conv
Press
Cuneo
4%%
5,600
—100
100
—100
91
140
91
91
130
*115
*135
150
.—100
—No par
Curtis Pub Co (The)
Preferred
:
No
-
43%
900
7%
7%
8,700
18%
18%
18 Va
.18%
18%
3,700
Prior preferred—^
Curtiss-Wright
par
—No par
Class
"115
125
*115
125
Cushinan's Sons Inc 1%
'135
150
*135
150
$8 pref en ed—
Cutler-Hammer Inc
211/4
21%
22
21%
21%
21%
1,500
pfd.
100
—No par /
4
Jan
8
Jan
Jan
Jan
Jan
6% Jan
8
2
2
2
2
18
100
1%
30%
17
14ya Jun 11
113
July 14
106% Jun 10
24
Oct
/
26% Jun
,106% Sep
7% May
96% Oct
45% Sep
9% Aor
Feb 26
Feb 10
15% Jan 4
96
34
-No par
15
987/e Nov
Jun
85
♦
5% May
14% May
Dec
Dec
20% Nov
Mar
32
16%
9%
12% Jan
41
Jan
Apr
77 / May
23% May
12Vs Sep
Jan
39% Nov
63
84
10
88%
Jun
13%
8% Jun
6
88
Jun
*
Mar
13
90
5
17
8
Jun
Dec
13% Jan
8% May
9
10
Jan
Jan
140
95%
74% Jan
10
Nov
9
Jun
19%
13% May
Sep
Feb
1!
12
100
Dec
Jan
2
Oct
/
32% Nov
20%
Jun
5% May
Oct
9% Jan
25% Jan
24% Mar 29
18% Oct 13
1
A
130
150
Jan 12
Jan
6
Jan 4
Jan
2
Sep 8
Jan 7
Jan
7
Jan 9
Feb
1
Mar 20
10% Jan
—1/
—
*115
;
221/4
22%
22%
43 A
9
38%
37%
11'A
r 81'A
30'A
71%
9%
7%
105
92%
——5.
Inc——
preferred
*135
130
150
42%
"
-30
Cudahy Packing Co
108 Va
1.... : • 7%
X42%
7%
I8.1/4
18%
18%
*115
44
7
7'A
7%
19
43%
44
*43%
*135
22%
*24
108'/a
—No par
"
7%
7%
6
6
90 i/a
92
92
44
44
6
.
No par
———
preferred
5%%
24%
24%
*106
7%
4,000
—5
"
91%
•91
61/4
21%
24%
108%
*106
6%
6%
6Va
*231/4
108%
♦106
108%
-
24%
24%
24%
24%
♦106
211/4
No par
preferred
preferred
conv
Cuban-American
101
21
5%
Cuba RR 6%
112
*98
5,900
No par
preferred—
conv
Zellerbacb Corp
$5 conv preferredCrucible Steel of Amer
500
21%
21%
11
98%
*98%
No par
—
Crown Cork & Seal
500
95
conv
Crosley Corp (The)
900
1,600
76
*75%
21%
10%
-1
28
1,100
46'A
15%
preferred
—
-100
Cream of Wheat Corp.(The)—
2
700
;
28%
•''46%
*15%
5%
18
Jun
Sep 21
Sep 25
80
Jan
95
Oct
44
Jan
81
Nov
18
Oct
115
138
26% Jun 29
12% Jun
D
7%
*7.
7%
*18%
20%
.14
*111%
112
21
21
20%
21
36V4
36%
36 %
20%
13 Va
13%
112
36%
111%
7%
*18%
20%
13%
14%
*7
7%
.
*18%
*111 Va
—
y
Z
13%
112
*7
*
18 %
14
*111%
14
14 Va
*111 Va
20%
21%
21
21
36 Va
'
—
20%
*18%
112
36%
36
'
36%
100
"
7%
*7
7%
20%
.
21%
Z'. 2,900
:;:
•
21%
36%
1,600
7,000
37
33%
3% Jan
33%
*33
18
♦16%
18
14%
15
15
14 %
6%
6%
■Z-
48 %
Decca
&
20%
-J'"
.
48%
18
3
19
Jun
5
8
108% Jan
20
116
Jun
8
102
Mar
11
Jan
12
July
6
.-20
Jan
5
36% July
1
——10
12
8,700
^Delaware & Hudson
6%
6%
6%
6%
3,500
21%
2,700
Detroit Edison
28%
48 %
*46
50
*46
50
29%
*46
*32 %
33
*40
40%
*12%
28 Va
98
98
15%
*14J/a
'44
12%
28
28
*28%
28 Va
28V4
22%
61
135
135
*134
'■
„
„
29
30%
*7y8
7%
•
—
,
*11
11%
*11
*120
145%
146
127%
400
14%
*14'/a
14%
*14Va
43%
*6%
-
,
122 Va
127
2,400
43 Va
29
'V
11%
122%
28%
96%
28%
97 Va
*134%
7%
120
28%
96%
28 Ve
*11 %
*12
14%
200
29%
*29
29%
100
43%
43
43% Z
28%
*28%
22%
21%
22%
22%
60%
61
900
22%
61
61%
60%
60 %
.
30
7
500
*96%
21%
•
137
*29%
12%
97
135
4
*29%
12%
28%
28
61%
60 Va
12%
12%
14%
22%
22%
300
43%
~
15%
*22%
700
40
97
'
■
43%
29%
321/4
28 Va
98%
*14%
32
40
40 Va
12%
28%
*96%
33
*32%
40
29 %
6%
11%
134%
29
6%
*11
135
134%
7
1,600
400
145%
*127
146
128%
;;
z
*120
-
122%
145
.
*11
145%
127%
127%
.
"
"
-
145 Vt
145%
145%
127%
127%
2,500
400
.
'
120%
121
*120%
121 Va
35
34%
35%
.7
6%
6%
35
*6%
160 Va
*176%
161
159%
177 Va
177%
40%
40%
.
17 Ve
36%
10%
10%
3%
3%
*3%
4%
34%
*6%
6%
161
177%
*160%
177%
39 Va
J.62
177%
12
22%
Mar
17% Jan
1
7
48%
33'/a Mar
Jan
6
2
8% Jan
20
Corp-Seagr's Ltd—
No par
pref with warrants—.—100
Dixie Cup Co—
No par
21% Jan
Diamond T Motor Car Co.
Distil
5%
—
Class
A.
Doehler Die
—No
■
par
Casting Co—No par
No par
Dome Mines Ltd—
Douglas Aircraft
—No par
Dow Chemical Co—
No par
Mfg Co
—No par
No par
100
Du P de Nemours (E I) & Co——20
$4.50 preferred
i
No par
Duquesne Light 5% 1st pfd
.100
—
30
3,300
Eastern Airlines Inc
-1
2,000
Eastern
-5
161
7O0
161%
*176
177%
20
^
Rolling Mills-
Eastman Kodak (N J).
6 % cum preferred.
Eaton
Jio
par
LOQ
..4
,
y
74
76
*70%
71%
71%
71%
39%
39%
39%
39%
75%
*75
*30
*53%
111
112
Jan
8
5
9% July 16
9
Jan
Jun
24
134
Jan
5
8
125% Jan
117% Jan
13
146% Jan 20
Sep
2
xl73
35
10%
11
11
11%
8,000
Electric
Boat
3%
4%
3%
*3%
4%
4%
«.«.
1,500
1,100
$7 preferred.
73V4
74%
74%
76
76
70%
72
73
73 Va
40%
40
30
30
54%
.
76%
71
55
40
—
■
.
*111
112"%'
*111
.No par
.No par
700
31
3fi0
$6 preferred.
No par
Electric Storage Battery——No par
El Paso Natural Gas.
3
56
*29%
112%
shares.
Light
39%
39%
31
55
Mus Ind Am
Eleetrlc Power &
70%
*29%
Elec Si
3,100
40%
'•
600
3%
56
400
Endicott Johnson Corp—
*111
20
112%
5%
50
preferred———100
8%
8%
89%.
89%
90
*92
93
.
8%
8%
88%
89%
*88
92
%
For footnotes
88%
93
•u
see
page
8%
■
——
— —
%
1551.
8Va
8%
8%
8%
88
——
—
88%
89
89
88%
88%
89%
8S%;
93
93
9.400
8%
88%
88%
250
83
.
89%
93
>
430
140
200
Engineers Public Service—
$5 preferred
No
$5% preferred—
-No
preferred—
No
tEquitable Office Bldg—No
134%
Dec
16%
Dec
7
Oct
10 Va
2% Apr
Nov
120
July
144
Jan
Nov
2
44% July 8
8% May 28
Apr
111% Mar
118% Dec
34
16% Apr
2% Jan
May 19
108
8
170
26
May
184
Jun
14
Mar 30
11
Dec
Nov
36% Dec
15
Oct
Jan
30% Dec
20% Jan
9%
Dec
NOV
180
Mar
45% July 15
19
Sep 20
39 Ve July 2
4%
151%
Apr
170
13%
Deo
Jan
"
5% May 10
A Feb
1% Nov
6% May 20
% Jan
1% NOT-
79% July 23
75 Va Sep
2
42% Sep 20
2
23 Va Jan
49% Jan
7
X32
5
58% July 17
118
Aug 21
Sep
9
9% Sep 30
J92
Sep 27
par
54
57% Jan
92% Sep 27
par
62% Jan
% Jan
I
94% Oct
.
Oct
Apr
13% Mar
127
Aug 11
par
par
70%
Feb
20
Jan
May
112
33% Jan
2% Jan
Dec
51
8
28 Va Jan
—1
Dec
Apr
16%
Sep 29
~
89%
Deo
8
120
31% Jan 20
109 Va Jan 11
29
26
102% May
9% Sep 10
4
1% Jan
5
1% Jan
-3
9% Dec
7% July
Jan
121% Sep
4
10%
Feb
130
8
10%
9%
Jan
159% July 15
Jan 19
11% Feb
4%
Jan
8
13% Apr
121
31% Jan 13
2
3% Jan
30 Va Jan
——
——
153
4
■115
-5
4%
Jan
27%
95
5% Jan
16
.-2
*3%
Oct
21
Apr
32% May
16% Apr
May 28
35 % Jun
1
Auto-Lite
■
112
12
Electric
55
111
130 Va Jan
Edison Bros Stores Znc
•
37
Jan
18
July 12
May 20
25% Sep 11
73'/a May 4
45
33
20
5
1,700
.
30%
55%
Jan
15'A Jan
56
37
——
.
16% July 15
2
18
17 Va
54%
29%
55%
Jan
22% Feb 20
39 Va
'
29%
10
38% Feb.
37
3%
Oct
14
Dec
17 Va
4%
37
Nov
39%
w
Jan
87
17%
—
Jan
18%
22%
——
4%
47/8
70
36%
—
Oct
2% May
14% Apr
98% Sep 28
39%
(The).
Nov
11%
8
17%
Manufacturing Co_.
Nov
13 Va
Jan
7
83% Jan 13
36
500
30 Ve
39% Aug
17%
1,945
27%
6% Aug
16% Mar
36i/4
39%
10% Dec
Deo
47/s Apr
18% Apr
25% May
9% Apr
33% Apr
35%
39'/a
'
Jan
May 10
31% July 14
*17 ye
"
8
110
40% Aug 10
—
.
May 19
5
May 10
July 14
Apr 30
July 12
Oct
Nov
17
1
International
6%
6%
35%
6
Jan
35%
35
,40
26
No
121%
*120%
35%
6%
—
3%
4%
34%
16% Jari
——
''
:
11 Va
4%
—,
36%
10%
120%
*175Va
■
w-
17Va
36%
120%
*159V4
——
'
■
39%
39%
18
36%
■*17%
121%
6%
.•
—
159%
177%
:vvz:-
*120%
34%
—,
10%
No par
,
preferred
Duplan Corp
89i preferred—
146%
127%
*127
2
37
Dresser
11%
122%
3% Jan
-25
Dunhill
122%
*120%
*120%
17% May
par
6% 1 partic
900
7Va
'
„
Devoe & Raynolds A
Diamond Match
900
30
7 Va
11%
2,000
136
29%
29%
20 y2
2
Detroit Hillsdale & 3 W RR Co—100
360
.
40 Va
33
40
*32 %
—
12%
29 Va
*60%
-
40 Va
*40
*43%
27%
*43 Va
28%
'
■
33
33
13
*28 Va
28%
28%
21
2
8% Jan
50
,
Jan
100
Delaware Lack & Western-
21
43
_20
15%
20%
24% Sep 20
Jan
10
Dec
17%
12%
Aug
19
26
—
Deisel-Wemmer-Gilbert
14%
"
28 Va
18
*17
14%
21
21
/
z
33%
14%
6%
6%
-
*33 Va
*17
4
Apr
Mar
2
29
1
No
Co
Preferred
2%
15 Va Jan
9
Jan
par
Records Inc
Deere
14%
14 Va
21
*46
33%
18
* 16 %
—
6%
6%
20%
20%
*46
33%
33%
33%
*16%
900
4
Jan
12
"
33 Va
7% Oct
5
17
—
14 Va
112
Davega Stores Corp
8
Conv 5% preferred
25
Davison Chemical Corp (The)—1
Dayton Pow & Lt 4%& pid—100
1% Mar
2
1
35%
Jan
15
Apr
32%
Jan
29
Jan
34% Nov
17% Apr
19 V* Apr
39% Apr
107% Feb
1% Apr
Apr
July
47% Apr
26% Feb
49% Dec
112
66
40
48
A
Deo
Oct
3Va Jan
Jan
73
1
Jan
83
Jan
% Oct
Number 4221
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
1545
•
LOW
Saturday
Oct. J)
*
"111/4
11%
47%
11%
47%
>77
11%
8%
>11%
11%
47%
>77
8%
■
11%
11
8%
-5.
11%
11%
47%
8%
11%
11%
11%
11%
47%
47%
1,000
8%
8%
78
8%
*77
8%
12%
11%
11%
11%
11%
11%
24%
241/4
23%
24
23%
23
3
*2%
*2%
3
2%
2%
2% *
Ctfs of benef
par
Erie
&
RR
Pitts
12%
300
Evans
24
600
Ex-Cell-0
500
2%
2%
Cleaner
Products
■■
Range for
8% Jan
Previous
Year 1942
Lowest
t per share
Highest
I per share
I per share
Co
9
16% May
4
4%
Jan
9
Jan
10
Oct
12
32%
Jun
44
Jan
68% Jan
18
16% May
4
52% May 19
77
Mar 26
3%
39% Jan
70
Dec
70
Dec
5
Exchange Buffet Corp
2%
r\
50
Co
400
Vacuum
■
100
8%
Eureka
$ per share
,
par
No
int
*23%
%
No
5% pre! series A
m
.
Range Since January 1
Lowest
,.
Highest
common.——
*11%
11%
24
24
78
*8
'kv/'.'//
Par
Erie RR
11,200
48
*77
s■/:
.
STOCK
EXCHANGE
Shares
P;;\ 1,500
47%
78
*77
:
NEW YORK
the Week
t per share
T n%
12%
y:
11%.
Sales for
Oct. 15
,
I ver share
11%
47%
78
Friday
Oct. 14
t per share
share
per
STOCKS
Thursday
Oct. 13
11%
47%
78
S
PRICES
Wednesday
Oct. 12
S per share
11%
HIGH SALE
Tuesday
Oct. 11
per share
*11%
AND
Monday
3% Jan
2
9% Jun
8
5% Jan
4
14% Jun
5
•
5
Corp
^_3
,,
8
x23% Sep
9
% Jan 19
2.50
Jun
1%
Jan
4%
29% Mar 30
10%
Apr
May
20
Oct
4%
Sep
7%
Dec
28%
Oct
'
3% July
ii
1
Jan
1% Nov
«
F
*35%
25%
35%
35%
.*23%
23%
23%
2j %
J6
15
15
*15%
*102%
104
*102%
104
23%
*15%
16%
4%
4%
4%
•
■
23%
16%
35
35%
35%
-No par
33% Feb
4
42
23%
23
23%
Mar 26
23 %
23%
800
Fajardo Sug Co of Pr Rico-
27%
Apr
37%
Jan
20
21% Jan
6
28
15
15
15
Jun
153/4
700
Federal
May 27
19
15%
293/4
Jan
15
6% Jan
2
19% July 13
105% July 27
6
Jun
8%
Jan
m
(
■
■
-if-
.
*102%
♦
104
102%
Fairbanks Morse
1,000
104
•
24%
16%
16%
23%
23%
—
4%
97
—
23%
97
*4%
»
5
22%
22%
*97%
23
23
n,
16%
16%
16%
48%
48%
48
48%
39% ;
39%
39%
39%
107%
107 %
107%
.
36%
36%
37
99%
20%
19%
>16Va
;
16%
16%
48%
*48%
48%
38%
39%
Jan
7
203/8 jan
13
293/4 Apr
Federal-Mogul Corp
5
23
13
Feb
18
17
900
Federal Motor Truck
3% Jan
4
v,
.
23
110
108
35%
*26
26%
7%
700
Federated Dept
*46%
16%
*124
7%
12
*46%
*15%
16%
*124
12
.
12
*12
25%
25%
108%
108%
*13%
26
*24%
4%
43/,
13%
*51%
*9 3/4
■>
51%
423/4
8%
Machinery
127
12%
73
31
31
26%
*25%
>108%
110
23%
3
*13%
24%
24%
4%
*51%
*28 %
108
*106
10
*107
108
107
43
43
42%
42%
42%
8%
63/4
*63/4
5
5
*4%
12
i2
12%
12%
86%
84%
86
*84%
86%
28%
63/4
a
700
'6%
*63/4
6%
'
5
86%
:
863/4/
*28%
363/8
36%
36%
36%
36%
40%
41
411%
41%
41%
41%
41%
41%
41%
3,900
♦129%
35%
>
*6%
♦109
10V/2
134
134
134
*133%
51%
51%
.129%
U
129%
*34%
35
5
4 3/4
5
18%
18%
7Va
7
7%
111
1%
*1%
19%
*143/4
81%
22%
*109%
1%
1%
*110
1V4
47%
47
18%
183/4
22%
111
1%
47
223/8
15
1%
22%
*18
20%
7%
♦72
12%
*8272
19%
*45
*1
,2%
*18
19%
112
193/a
*111
20%
20%
7%
*6%
1 %
1%
20
*111
19%
19
19%
*45
47
1%
1%
400
18%
.
.4,000
7 V8
1,000
112
10
1V4
234
20%
19%
20 Va
7%
7%
^ 73
20%
73/4
73
;V
73%
20%
7% >
1,100
4,500
19
73%
200
12 V8
12 J/4
123%
2,400
82%
12
*80 %
823/4
83
19%
19
19
*45
46%
45
*1
1%
*1
300
1,700
-45
400
lVa
1,400
2%
2%
1,700
84%
380
40 Va
*100%
100%
40%
7,300
100 %
100%
100 Va
100%
37%
36 %.
106
106
8%
7%
109
*96%
37%
106
7% /
109
363/4
37
104
1% %
1%
4 7a
4 %
*14%
15%
*14%
15
10%
107'a
*10
10%
10
10
33%
33%
34
34
*24%
243/,
*24%
243/4
103
*10
1%
1%
4%
4%
*T4%
100
105
7%
*97
100
37%
104
*7%
V7 *4%
24%
1,100
37 V2
6,200
105
•*7%
*97
400
7%
600
109
1%
1%
4%
U> 4 %
4%
4%
14%
14%
*14%
10%
10%
10%
*33%
34
33 7 a
; $6
preferred—
0%
$5
preferred-
—No
$6
*24%
2434
1%
1%
*24%
Realty & Utilities
$6 pref opt dlv series
General Refractories
Telephone
Time
6%
Instru
General Tire
Gillette
$5
Safety Razor
preferred
conv
$6
Glidden Co
i>4%%
Goodrich Co
5%
preferred
conv
1%
9,800
4%
1,300
15
-
—
-
500
Grant
25
5%
Great
5,600
Great Northern preferred—
2,600
Great
144%
144%
*144%
147
*144%
61%
%
*4 '/8
/
7%.
*34%
47 %
4
4%
23%
146
61%
47%
x473/4
473/,
18
18%
18
24
146
/•.
40
47%
1,100
Green
Greyhound Corp
18%
18 V8
18%
5,300
11%
*11%
II3/,
*11%
11%
500
12 V2
*12
12%
12 %
12% '
1,100
*3%
137 V2
7%
7
/"
47%
34%
34%
34
34
34%
35
35%
35% !
47%
1,300
*5
47%
46%
47%
47 %
47%
47%
47 Va
6,100
Gulf
4
7%
3%
*137
7%
3%
.
■
7.
*3%
137
8
4%
137
8%
700
50
7,400
L)
Co
conv
Feb
Jan
20
Jan
24% Jun
10
13% Mar
23% May 29
11
May
101% Sep
112
July
25% Jun
8
28
Inc
par
No par
(The)
preferred
-
Sugar
preferred
-
10
1
No par
100
No par
preferred
—No
f>Ar
25
Corp
7%
Jan
3
Jan
13
*56
10%
60%
1%
Jun
x407/a Mar
4
50
Jan
6
21% Jan
15
7
23% Jan
138
57%
31%
14%
11
10%
2%
81%
3%
Jan
2
2
101%
41%
108%
9%
98
12%
5% Nov
61
Nov
5"%
Jan
65%
Jan
Oct
44
Feb
% Jun
1% July
Nov
20
July 13
27% Jun 11
8
Jan
2
Jan 19
Jan 12
25% Jan
2
45% Aug
2
50% July 26
22% Feb
11
65
50
21
.
H Jan
2%
Jan
82
Feb
Jan
27
Dec
Jan
Jan
83%
Dec
Jan
Jan
90%
Dec
4%
Nov
Jan
x58
6
13% May 29
37
Sep 22
26
July 2
18
Apr
1
32% May 10
153 % May
Dec
37% Jan
Jan 27
Sep 27
May 27
// 13% July 16
17% May 4
5
Jun 11
160% Jun 12
10% May 5
41 % May 12
Sep 10
Jan 19
Jan
4
Jan
4
Jan
2
Dec
Feb
15%
22
2% May 10
6% Apr
7
17
110
16
Sep
2
July 17
July 14
Apr 29
Oct
Apr
May
16%
.
Sep
83
100
1
Gulf Mobile & Ohio RR
Oil
10
9
45% Sep
No par
Jun
79%
July
July
73
5
Nov
8'A May
55% Jun
91
48
8
14%
107%
9
15
2
Jan
Jan
Oct
5
7% Jan
9
29% Feb
3
24% Jan 27
5%
Jan
Jan
8
14% Nov
109% May
% Jan
19%
Jan
4% Jan
Jan
Apr
2
2
Jan
3%
14%
Jan
11
July
30
Nov
2
Jan
128
31%
4
If Jan
Dec
4
12
80
Oct
44%
23% Mar
24"% Jan
par
.
Feb
Mar
23
Jan
Jan 14
25% Jan
8
90% Jan
9
4% Jan 11
Jan
87
131%
17
8
par
Apr
%
9% May 10
74
May 20
14% Sep 17
85% Oct
4
22% July 16
4
102
% Mar
Jan
5
59
14%
41
A
1%
Oct
Sep
13
No par
.
Guantanamo
8%
59
Jan
Grumman Aircraft Corp
4Va
136%
137%
(H
5%%
4
25% May 20
112% July 15
1% Jun
4
Nov
11614 July
1% Jan
Mar
10% Mar
3% Sep
99% Aug
A Jan
10% Apr
101
Apr
8
110% Sep
9
214 May 10
73% Sep
100
47%
4
6
24% May 29
814 Jun
Apr
% May
64%
27
614 July 23
132
11114
122
Apr
30
Jan
122
Apr
13% Aug
1% May
1"% May 6
3% May 6
97% Aug 25
Green Bay & West RR
7%
7%
2
Ore,Prop—No
Western Sugar
61%
11%
■'
4% Jan
60% Jan
Preferred
Z.
*58
136%
140
35
24
147
*58
12 Va
11%
12%
*137
23%
*145
613/4
47
47
18
23%
147
*58
14
20
2,500
23%
14% Jan
preferred—
17%
26%
24
5
No par
10
17
23%
5
4
......No par
(W T) Co
Iron
Jan
16% Jan
15% Jan
108
Jan
1
5
City Steel—
Nor
28
2
par
———100
Grand Union Co—
Granite
Jan
2
Granby Consol M S & P
100
4
Jan
Graham-Paige Motors
300
"
2
9
Jan
Jan
par
Apr
61
36% Sep
No
No
No
No
1
Goodyear Tire & Rubb
$5
2
13114 May
i
*
July 23
July 13
No par
(B F)
Gotham Hosiery
Jan
56
<
2
12% Jan
xl04
Mar
—
preferred
30%
40% Jan
7
3°
Nov
Apr
4414 Jan
2
Feb
21%
Apr
107% Sep
5
preferred
conv
(Adolf)—
Apr
Oct
Jan
90%
21%
137
25
Dec
334
9%
*23%
14
4% Jan
4%
4414 July 15
119% Sep 23
12
13% Jan
Dec
120
Jan
103% Jan
Jan
140
Nov
16%
4
21
83% Jan
par
10c
—50
——1
fGoebel Brewing Co
—1
Gold & Stock Telegraph Co
100
Gobel
66%
6
7
par
Apr
2% July
2
Sep
6% Sep
11
2
No
(The)
32% May
104
14614 Sep 25
39% July
1
2% Apr
2% Jan
No par
preferred
/
11014 Oct
17% Jan
No par
Glmbel Brothers
106
5
9
126% Feb
Co
3%
Aug 23
22
No par
No par
Rubber
&
Nov
July 28
-—20
No par
100
Corp
Corp
preferred
5"%
1% Aug
par
1
preferred—No par
Jan
113% Jan
No par
Railway Signal
preferred
Feb
3
914 Jun
2
par
No
46%
151
2
No par
100
1
No par
preferred
Sep
13
129
714 Nov
Mar
Jan
93
Apr
98
35
814 May 19
5
Feb
Dec
2
18% May 20
9814 May 19
par
Gen Precision Equip Corp—No par
General Printing Ink
1
3%
Oct
10%
> 53
Feb
9% Jun
5
20% Jan
130% Jan
3%
Apr
51
Sep
Jan
Aug 31
4
No
A
Common-
26 Va
23%
r
8%
2%
2%
Jun
2
No
Outdoor Adv
Gen
a
17%
23%
2% Jan
7% Jan
71% Jan
par
10
26 %
11%
Jan
10% July 14
134
Mar 1
4% Jan 12
par
100
General Motors Corp
17%
18%
21
4
No par
25%
12%
Jan
16
May
2% July
5% Jan
—No par
17%
11%
11
51
preferred series A_No par
General Mills
No par
26 Va
18%
Sep
107
conv
Preferred
33% '
15
•
Gen Gas & Electric A—
.
25%
123/4
Jun
4
34
17%
18%
Jan
8
30% July 13
6% Jun
1
4
30% Jan
17%
*12%
1%
1%
1
2
No par
26%
*11%
10
4% Jun
14% Oct
29
—No par
100
preferred
173a
47
Nov
Jan
100
26
48
Jan
97
Jan
5
17%
*47
18
Apr
Aug 23
26
6% Jan
No par
26%
*58
Apr
37
No
17%
613/4
Jan
15%
102
Corp
26%
*58
Feb
May
85%
5
No
Corp
$4.50 preferred—
Gen
"l6
112
84%
34
383/4
14% Apr
General
*18
*111
2%
*24%
45
53% Apr
400
*22%
;
40%
*33%
Nov
10%
Oct
Apr
15
22%
■
19%
112
84 %
1%
Jun
11
Jun
60
*2%
*98
5
9% Jan
51
General Shoe Corp
39%
109
Nov
18%
27
12
Gen Steel Cast $6
*83%
*98
Jan
136
May
Sep
143/4
Jan
Dec
12%
38
Jan
200
274
8
114
1
11%
42
Apr
4% May 17
11
3
440
1,300
/
40%
37
19% Jan
143/4
19%
84%
•
par
1
82%
100
39%
*104%
May
Sep
9%
15
110
6
14%
47
84%
■//•■
8%
363/8 Mar
Sep 28
38% July 10
31% Jun 10
2
81%
*44
84%
8%
27% Mar
75
11
1% Jan
No par
preferred—
cum
6 %
40%
38%
Aug
13 % Oct
13
9VaJan
5
Gen
40%
106%
Jan
May
21
16
2Vs Jan
5
Gen
83%
*8%
Feb
5%
3
28
No par
500
1%
83
37%
Dec
243/i
May 5
19% May 4
140
Jun 12
8
Feb
17
^50
Transportation
4,200
20%
'
2%
No
Inc
Gen Public Service
40%
*105
27 %
Apr
9% July 15
5
1
(The)
500
40%
101
Mar
18
Jan
50
11
30% Oct
No par
700
300
'
112
19
22%
*18
:
19,200
82
101
50
14%
*22%
11%
1%
2%
5% Jan
par
8IV2
*111
82%
47
1%
2%
11 %
82%
19 Va
19Va
1 %
73
12
•45
15
11
51
%
31%
15%
9%
19
80
7%
*72
83%
*82%
47
7%
73
11%
12Va
10
Jun
7
General Foods
50
1
129%.
1%
47 %
*14%
20%
:.•;/,/)
52
18%
1%
19
19%
112
20
7%
7%
84
112
20%
*72
73%
*18
112
200
35
*109%
0
♦111
20
*4%
112
1%
>43
22%
•
20
*111
80%
22 %
•/
134
35
/
7 Va
112
*19%
15
79%
.
18%
7://
*109%
18%
18%
80%
80
/ ;.'v-'.
1%
15
*14%
15
81 %
Jun
4
General Electric Co
70
100% 100%
129%
35
18%
20
1%
*44
47':
18%
112
*19%
111
*1%
Jan
28
5
20
General Cigar Inc
9,000
112
51%
cl A
Baking
preferred
7%
,115% /
134
:.-5/>'-:
*43%
18%
.s
128%
35
6% rmm
/■
20
*110
1%
18
110%
UOV2
20'%
18%
128%
129%
35
4%
■
*1%
*45
129%
/
51
*34%
■
111
50%
100
1% V 1%
*110'%
134 V4
50%
50 3/4
;
%
♦115
1%
•100%
28%'
149
*146%
112
100%
19
1%
*28%
i
115
1%
*110%
100 %
♦19%
♦110
1%
112
103
4%
19
115
115
1%
*110%
*100%
•
1293-4
4%
115
1%
110%
28%
*132%
51%
'•'••"34%
116%
I3/,
110%
134
50%
96%
3
100
(Robert)
Co
Amer
1%
18,400
403/4
•132%
.No
pfd
General Cable Corp
Class A
110
♦146%
149
(The)
Inc
General Bronze
800
28%
1
Dec
May
93/4 Jan
—.....10
Wood Industries
$8
600
13
36%
103
16%
86
10% Jan
Mar
Feb
9%
39 % Feb
163/4 Jan
39%
2
10
127
Dec
Nov
36
2
v
Dec
105
July 29
July 15
13% July
7
..No par
$6 preferred
>200
4%
1473/4
%
3% Jan
30% Jan
'
*28%
;* 100
Apr
10
General
*146%
♦115 /
10
...
Gen Amer Investors
110
37
- ■:■••■'
29%
7
preferred
2,900
143
*12%
t
Co
Gen
149
1%
Apr
8
No par
100
36%
•
87%
22% Jun
2
1,600
♦146%
112
26%
112% July 12
39% Jun 16
12
8J/4
*146%
5
12%
5
10V4
1
28%
116
43%
19% Jan
Jan
43%
37
1%
14%
Apr
Jan
253/4 Jan
Gaylord Container Corp
5%% conv preferred
10
149
115%
Apr
13%
par
,
7%
29%
109
96% Jan
Gar
400
36%
*110%
5
1
Gamewell
3,200
■
107
8%
148
86
•>'
31% Jan
100
Gair
*146%
V
6
Co
Gabriel Co
140
4%
51%
10
12%
28%
1043/4 Jan
/
28
July 15
43
7
Corp
Trailer
conv
6%
51%
51%
X7%
"
2
503% Jun
preferred
r.
13
10
1473/4
87%
19% Jun
8
14
Fruehauf
200
25%
4%
13
10
9%
8%
*86
25%
,12%
51%
*51%
146 %
*43/4
27
Co
5%
11
Jan
100
conv
600
2%
14%
4%
12%
8Vs
•6%
Dec
Oct
253^ Jan
Freeport Sulphur
170
.
>•
3
2%
*13%
24%
4%
13%
146%
5
Jan
11
,
F'k'n Simon & Co Inc 7%
400
108%
*23/4
2%
14
8%
12%
10
1,700
26
108%
2%
•
2%
14
147%
12%
Jan
87
1
73
■31% '
.26
110
18%
Nov
42
6%
2,100
Apr
74%
.No par
preferred
prior preferred
Francisco Sugar Co
100
13 %
12%
26%
$7
19s/s
*63
31
8%
*43/4
19%
*63
4%
42%
67
127
*123
,
*12
*146%
7
:
19%
19%
11%
97
153/a Jan
Corp
Foster-Wheeler
8%
*6 %
-
Food
900
,
25% July 14
97% Jan
Inc
300
16%
147%
*1.46
r
Fair Stores
48%
16%
*123
2
8
1
Food
*47%
200
Feb
Jan
par
Corp
preferred
*11%
12
4%
par
Steel
conv
12
31
13
108
*42%
5%
16%
67%
10
♦106
108
42%
310
12
*13
4%
*9%
900
Jun
"
•
133/4
*51%
8
48
3
.No
Shoe class A
48
20%
24%
10
Follansbee
8
6
.No
ll7/a
127
*103%
25
52
Florsheim
Dec
6% Apr
.No
__
47
*2%
4%
100
'•>
preferred
Florence Stove Co
16 Va
*2% :/:/3/>■■■
*13%
,
(The)
$4.50
300
.
Jan
13%
Apr
par
..No
Jan
;> 24%
Dec
8
100
Stores
16
*25%
14%
25
*13%
♦106
/'
Flintkote Co
National
93
Sep
19%
15
10
""$150
A
693/4
5
Oct
12% Jan
1
series
47
3>
*2%
14%
12
.
preferred
First
48
■
.
30%
••
„
7%
48%
27
67%
— —
V"'
>
7%
3
*2%
3
;,
*25%
48%
6%
180
343%
12
—
—
26
I *13%
rl.
—
■
26
7%
48
•
*15%
/
'
31%
2%
27
*19%
72
31
23/4
■'
^
12%
♦67%
*2%
*25 %
*124
■
32
108%
28
Corp—
Phen Fire Ins N Y
1,000
*34
M
Enamel
15
<
78% Jan
par
Firestone Tire & Rubber
1,700
107
106%
34%
47
—w
20
32
108%
107
*33%
*11%
.
72
*67%
107
34%
No
—100
Fidel
300
V
20
107
Stores
preferred
conv
1,000
37
20
7%
.'
128
20
20%
36%
47%
48%
16%
128
37
20
■'
46%
48%
*19%
36%
Ferro
_No par
4,100
:
110
*108
♦19%
26
*11
>■'
4%%
500
48 V4
:: 39%
19%
34 //
27
*7%
12
109%
10
-
16%
48%
39%
-
37%
*106%
46%
47%
*11%
97%
19%
>>>■'!
34%
*26
7%
*46
•_
108
34%
16%
39%
*108
■
37
'
*34%
39
109
?1.08
.
19%
*108
86
Federal Mln & Smelt Co
600
.
24%
*97%
16%
48 V8
;V
37
*19%
98%
*97
>
:/ »
>16%
/ .107%
$6 preferred
200
17
*23%
*16
'
■
Traction—
'
97
*96%
& Co
Light &
5
*23%
16%
4%
*
23%
16%
.
;
104
*102%
23%
—
4%
23%
35
*14%
,
24%
*15%
35%
23
V.
>/.■-
*23%
,
35
_•
81%
Dec
& Sep
4
Sep
6
Mar
6
Apr
22% May
23
July
13%
27
Dec
1% Nov
5% Jan
8%
Dec
9% Nov
32
25
Nov
Feb
Dec
18%
Oct
19% Jun
25%
Feb
22% Apr
130
Apr
50
25
10%
10
9%
1%
48%
2%
18
July
Apr
Apr
Mar
May
May
Jan
Jun
28% Jan
143
63%
33%
14%
11 %
14%
3%
86
Jan
Nov
Jan
Dec
Aug
Jan
Jan
Sep
4% Oct
33,•
Oct
—
Jun
1
—
H
*27%
28%
*27%
28%
*36%
37
*36%
37
*15%
16
*15%
15%
*13
14
*13
14
*107%
For
108
footnotes
107%
see
107%
page
1551.
*27%
*36%
.
,
>^.^r
■
—
283/a
15 Va
*13
*27
28%
*27
28%
37
*36%
37
*36%
37
15%
*14%
15%
14
*13
15%
15%
14
*13%
>107%
108
7 %
300
14
108
Hackensack
108
*107%
Water
preferred class
Co
23
A
Printing
Hamilton Watch Co
'
*107%
Hall
30
8%
preferred
25
10
No par
—
100
35
12%
9%
104%
1
5
Jan 18
Mar 13
Jun
Jan
28% Sep
3
38
Apr 13
18% July 23
15% Jun
4
110% July 28
19% May
29
8%
8
95
Apr
Mar
Jun
Mar
25
35
13
11 U
106%
Feb
Dec
Aug
Nov
Feb
THE COMMERCIAL & FINANCIAL CHRONICLE
1546
LOW
AND HIGH
Saturday
Monday
Oct. 11
Oct. 12
S per
*106
106
1381
a
S per
share
15%
*
SALE
Tuesday
Oct.!)*
W
15 %
*5%
'4
*5%
10934
109%
*7%
7'2
6
2 J/a
2%
2%
109%
7Va
7%
2%
100 Va
100%
102 Va
66 3 4
65 Va
65%
^'65
167
168
*164
153s
2%
79 3'4
79%
79 Va
132 Va
132%
*132 Va
*105%
109'%
20
7%
7%
7%
1,000
2%
6
2%
2%
65
102 %
*65
*164
7
15 %
6Va fo
15 %
80
79
135
133
133
*64
66
*64
66
*64
66
*64
66
*64
*114
118
*113
118
*113
118
*116
118
*116
V
79
78%
79%
:'133
20
3
5
Jan
109% Oct
2
lVtJan
2
93 V2 Jan
20
56% Jan
6
71
Apr
2
5
167
Mar
9
17% July
3
Co
3% May io
110% July 23
18%
*17%
"21
21%
*21 Va 7 22
*37 %
38
*37 Va
14 %
.
12%
39%
38%
13
117
39%
39 3
V
*43 Va
13%
14
134/4
,*53%
55
*43
*17
18 Va
21
21
*20%
21%
100
Hires Co
37%
36%
36%
37%
37%
700
Holland
—
39%
39%
39 Va
43%
43%
55
13
39 V»
.
2,500
13%
13%
13%
54 Va
100
110 %
110
111
5
118
Aug 16
79
14 V2 Jan
16V» Jan
18
10
28% Jan
21
87
4
Class B
'
*110 Vb
*110%
112
63v4
—
V
'7'V
63%
'.v.,
64
5
7
115
Jun
31
Jan
5
36% Jan
9% Jan
12
No par
No
Household Finance
33%
33%
8
par
No par
44
5l,'t preferred—-100
Houston Light & Power Co.--No par
105
110%
64
*64 Va
64%
600
7%
7%
2,700
' '—
33%
33 Va
600
13'4
*1%
6%
7 %
26%
N:.
—
Howe Sound Co
*1%
1%
500
Hudson
33
1%
1%
1%
73-'V
'
33 Va
34
*33%
^
1%
*6%
26 V2
2634
7V4
*6%
26%
26%
*
7%
26%
*6%
26%
'
:
7%
7 Vb
7%
34
*33
1%
*1%
*
7 Va
7%
111
280
26%
8
8 %
8
8%
7%
1%
1 % *'
1%
lVa
Houston Oil of Texas
■
11%
9%
*9
9 Va.
*9
17 y;
16%
38
37
92 Va
91%
92%
163
70
70
70 'a
11
10 "a
preferred
32%
32%
7 %
175%
*
7%
173%
30 3 a
30
134
130
12
66
66 %
66 Vii
9
V
9 Va
64%
*64'%
40 'a
42
*39%
35 Va
*46%
48 %
*46 %
48
*113 V4
117
*113%
120
13
13%
13
13 V2
*13%
16%
:
*29%
30%
141
141
13%
29 3 3
*29%
106%
88',4
'128%
88 % V
*
130
*75
21%
21%
57%
69
68 %
10%
4%
4%
29%
29 %
*132
4%
29%
134
4%
•
1,500
30
*132
11.400
133
40%
*40
35%
48 %
*8%
8%
,.
9%
*63%
2,500
9
%
;
500
:V65-VVV,
4%
49
49
100
International
*114
120
100
13%
13%
13%
*13%
13%
*13%
13 Va
*109
.
27,300
...
130
,
—
'
9% Apr
par
-No
par
*75
—
30
*141
13
30
30%
109
*106%
89%
89%
*128%
130
130 %
'/J.';". ;%
*75
90
*128%
*57
10%
67%
-
10%
—1
3% Jan
5
28% Jan
9
21 Va
21%
21 %
21
%
5,500
57
57
57
57%
500
69
900
10%
300
67 %
*67%
68%
10%
10%
10%
.68
10%
2
6% May 11
Va July
3 %
38
24 Vb
Apr
307/B
July 14
138
126%
Jan
136
7%
Dec
.15% Jan
13% Jun
5
2
68 % Sep
11% Jun
20
4
11
Dec
5
36% Apr
2
3% Jan
Dec
4%
12
37% Jan
Jan
Apr
Apr
45% Jan
%
12%
57
1%
8V4 Jan
No par
May
Apr
43% Mar
60%
Nov
Oct
Dec
Jan
11
71% July 12
1%
Oct
30%
Oct
46%
Jan
3%. Nov
39
Mar
48%
Feb
26
32
Feb
50
36
Jan
7
50
Sep; 27.
26
100
102 % Jan
15
115
July 14
94
May
May
May
104 Va
Oct
No par
6% Jan
7
16% May 10
1%
Jan
7 Vb
Nov
Foreign share ctfs—___-—No par
6% Jan
7
16%,May 10
2
Jan
7 Vb
Nov
21
6%
Jun
10%
Nov
Va>ug 26
Silver-
preferred-
Intern'l Telep & Teleg
Interstate
V
No par
$6
9V4 Jan
7
100
90% Jan
14
111
No par
Dept Stores
Preferred
10% Jan
4
18
27% Jan
5
—
1
i—
preferred—
135
1
i.
26
Feb
18% Sep
5
Jan
100
126
Jan
stamped—100
-—No per
1Q0
5 ft pref series B couv
100
Joy Mfg Co—1
78
&
Chicago
RR
Jones & Laughlin Steel:
5% pref series A
*95
Jan
Apr
11
Dec
3
24%
Apr
132%
Jan
Apr
138
Nov
10
16% July 8
July 14
,109%'Aug 19
92%'Sep 27
136
'July 21
27
:
Apr
7%
34
21
Preferred
88%
2
12
70
79..
Aug 16
127
5%
Jan
10%
18% May
May
50 Va May
107%
Jan
73 Va
Dec
85
122
,
Jan
33 Va
129
Nov
Jan
Nov
Aug 28
19 Va Jan
7
26%
'Apr
6
54% Jan
7
65
Apr
5
64% Jan
8
82
'Apr "6
8 V4 Jan
—
Oct
Jun
19
...No par
39%
32%,Apr
145 Va jun
96 Vs Mar 30
100
-
Jan
9% Jan
—1
No par
Johns Manville Corp..
Joliet
21 %
58
i;
July
4% (May 10
151% Jan
44
Apr
5
38% July 26
4V»%. preferred
■
Dec
July
Mar 25
Jewel Tea Co Inc.
10
61
166
—Nor par
1
100
Jarvls (W B) Co—
130 Va
Apr
May
4
200
'*75
_
40
147
5
——100
Feb
Jan
Jan
July 16
900
1,800
8
Jan
30%
90%
5% May
109% Mar
10%
39
Island Creek Coal
109
23%
111%
24
67
<
Jan
Oct
100% Aug
5% Apr
28
19
130
Feb
July 27
.Sep
74% Jun
5
—15
—100
Feb
6%
28
13%
1
Anc
18%
74%
12% Jun
177
8
Intertype Corp-—-
30
5%
:
par
200
V
Apr
8% May
177
9
% Jan
11% Jan
No
500
143
*12%:
29%
,7*106%
88%
.
20%
-
12%
13
29%
109
60
15
*29%
29%
2,000
109:%
14%
20
20
8
54
-—No par
7%
500
17
17
109
14%
143
*141
143
88%
16%
110
29%
30
29%
—
110
*13%
13%
*12%
106%
16 %
16%
110
*29
'
v.-\
2
International Salt
13%
*141
'
6
55 Vs Jan
preferred:——
International Shoe-
13%
Dec
par
Paper Co_^.
5% cony preferredInter Eys of Cent Am
;
100
13%
163%
:_No
Preferred 1—
500
13%
153
Mar29
International
42
120
Dec
Jan
No
Int Nickel of Canada---
Feb
35
100
Mar 29
Jan
16%
Apr
9
56% Jan
Sep
Oct
Oct
May
Jftily
115
Mining Corp
36
*114
28
144% Jan
4%
74
3
162
10 Va
Nov
Mar
21
21
—
9%
23%
42
7
Jan
Jan
Jan
Jan
—100
*39%
.
21% Jan
.—-100
*35 Va
48
5Va Aug
May
2%
6% Aug
preferred-;
5%
1% Aug
%
Jan
par
—
Harvester--
42
*47
27
106
5%
,13
32 %
168
6
6% Jan
6
5
IOOV4 Apr
5
Jan
..No par
•
International
40
J
Jan
10
——100
Business Machines
35 %C/
V
35 %
115
9%
.
65
13,400
62
Int Hydro-Elec Sys class A——23
International Min & Chem
5
130
*63 Va
■
68%
* 10 %
;
1,700
Jan
May 10
...No
—
Preferred
100
'65
13%
57%
*67
4%,
29%
16%
'
21%
58
21 Va
1,200
:
16 VB
66
i 8%
*63'%
*
'
*57
2
■
16 V8
*65
12%
.
130
128 %
*1%
16%
66
12%
■
.
L._
Iron
International
270
'
134
115
A
88%
*75
2
16%
*65
3,900
172
66
....
^
Corp—
preferred
Interlake
Int
.
68%
172
12%
29%
88
'
*46%
109
*106%
109
'
65
•
''w.
12%
*12%
29%
.
17
par
—-1
Intercont'l Rubber
2,600
.
% Jan
'V 2
July 23
78% July 24
15%<Apr
8
8% July 1
38 Va July* 6
6
..20
Interchemical
'
143
■
*12%
1%
v
67%
-
12 Va
—
29%
29%
*141
•
67%
172%
65 Va
'
—
13%
13%
.
67
12
■s-i;,
'
110
*108
15
——No
19
Jan
158% Apr
100
Co
Insuranshares Ctfs Inc
6%
7 Va
65 %
i
,
—
16"a
16%
16%
110
*13%
Steel
300
175%
11%
—.
•
7%
*174
V; 40%
...
13%
*10934
preferred—:
300
7%'
65 Va
•
:
.
:
—_
34 Va
7%
;
■
114 Va
*7
35%
:
13%
13%
2
11%
,
:
35 Va
*33%
.65
-
,,
-
41%'
35 Va
*
88
8V4
Feb
May 6
19 % July 24
44% Jun 28
11 Va Jan
32% Feb
*113%
175%
171%
16%
29%
.
—
VV
66
4%
'
65
*35%
67%
134:
—
7%
*174
172%
2
—
9 Vb
9%
7%
16
V;
,
6%
:
34%
13
par
"8
114%
6%
.
175 Va
*64%:
66Va
:
64 %
'
J_
12 Va '
11%
% 12 ' "8
8%
33 Va
*113%
114%
:.■■■■ 7
66%
—
30%
Jan
Inspiration Cons Copper
172
134
*130
4
'
1
1
48
No
Inland
*8
Jan
16% May
31% May
No
1,200
33 Va
Oct
29% May
18
17
Jan
:
par
Rayon
2,300
8%
8
Indianapolis Power & Lt——No par
11
34%-:
2% Jun
10% Jun
8
37
Industrial
71%
.
5
18% Jan
Ingersoll-Rand
6%
4%
Apr
200
310
Sep
Apr
Dec
900
163
106
May
2%
Nov
Va
10%
7%
5
29%
:
*161
Oct
Dec
1%
41% Apr
—1000
A
series
71
*173
66
*4%
4%
4'%
163
1,000
ctfs
10%
•
16%
:
*64
RR See
37
96
44Va
13
9Vi July 13
100
:
71%
7
1%
;
16
16%
65
150
16%
Apr
5%
91 %
91
30%
11% Nov
Jan
—100
4 %...
10%
*113 Va
.
67%
1%
1%
16 Va
65
16%
*37
8% Jan
Feb
ft Jan
——*.100
preferred series A
71
*8
173
173
173
Leased lines
10%
"33%
175%
67 %
67 %
67%
173
6%
140
71%
7%
7 %
172 Va
;
114%
*7
7
7
7%
*
*113
114 V3
*113
>.:v.
500
10%
33%
33 V'4
27%
9
39%
3'/a
No par
Illinois Central RR Co
3,300
!
Ltd
*70%
8%
*8
8 %
*8
16%
37%
*161
12 Va
Jan
i
45%
■
9
91
90%
162
12
.
8%
16%
91%
162
11 Va
45%
*36%
38
01%
71
11
27%
45%
8%
16%
16%
*37
162%
*162
162
*
v-7"™' V
37%
*92
*16%
27%
9
9
16%
*37 Va
12 VB
27%
■45%
12
Feb
27
2% May 10
Jan
45
38%
11% July 12
Hupp Motor Car C0rp__——1
27%
Oct
2
No par
5,900
11%
21%
2
6,700
27%
18%
115
Jan
Dec
23 Vb
1 Va
45
12%
7% Dec
Dec
Apr
8 V8
27%
Jan
16%
1%
45
Oct
Dec
Nov
29% Nov
.
29% Mar 30
7%
27%
6
12%
110
July 22
'July 12
15
17
Mar
7
1%
45
11
7
1%
28
12 % Mar
14% Jan
% Jan
4'% Jan
22% Jan
4% Jan
45'/a
Jan
100
Hud Bay Min & Sm
Hudson Motor Car
*45
Dec
4
1,700
5%
Oct
48%
102 Va
Mar
30',4 Jan
7Va
*27 %
12
5
75% Dec
Feb
100
26%
!§
12%
64
6 Va
,v-
57% July 30
114
lVa
1
2
2
26%
'
42% Sep 20
45
July 2
Mar 10
8
\
9
17
3% Jan
8
.
17% July 12
17
(Apr 8
II5V2 Jun
59% Aug 31
Oct
Feb
Nov
14%
•
5
25
t C—
v
Manhattan
&
6
8
Jan
8%
1%
12%
Jan
12% Sep
2
.
21% May 10
25% July 13
40% July 2
22
12.50
-
—
112
64
'
7%
Jun
136 Va Aug 26
6
No par
-100
(A)
preferred
.
*63 Va
63
63
134
Jan
(Del)
'
110%
125
100
5
I,
Houdaille-Hershey cl A
3,900
54%
Dec
158
1
Homestake Mining
200
55
*54
Furnace
Hollander & Sons
44
Jan
58%
30 Va Mar
10
Holly Sugar Corp
7%
1%
94%
Apr
May
141% Apr
10 V* Apr
51
Apr
Jtfly 14
The
300
'
39%
*43
(C E)
1,600
.
% Jun
71
Hlnde & Dauch Paper Co
•
.
.
13
117
44
13%
:T;
14%
13
*115
*53%
"
*13%
13
*115
*43%
13%
'
■
55
14%
117
*12%
%C4
117
39
13%
*13%
12%
12%
*116
—
*17
14%
*13%
—
—
>-%V
44
*53%
18 Va
22
36%
39%
a
44
18%
*21
—
'
%:-V
■
13
*116
12%
%
—
14 %
14 %
14%
117
*116
*17
■
May
8% NOV
45
9
6% cum preferred-—
.100
Hershey Chocolate
—No par
$4 conv preferred--——-Wo par
Dec
88
.
79%
12% Jan
73
Jan
130
May
49
Jan
8
Jan
4%
Jan
5% May
par
Jan
Jan
16% Jan
146
3% Mar
80
152
No par
__
104
Apr
12% Apr
xl26
Apr
100
No
I per share
88
10 % May 28
,
*17
11
Highest
per share
7Va May 29
2
6% Aug 30
—25
Glass
Hercules Powder_>_
1,500
135
86
1
107% Sep 13
18% July 6
144Va May 14
6
Feb
4% Jan
100
Hercules Motors
118
*132%
135
—1
Preferred
66
135
13'/a Jan
100
f per share
6
terweei
.
(G-W)..!———————25
Helme
1,100
99% Jan
par
Hayes Mfg Corp
Hazel-Atlas
400
10
15 VB
—No
preferred™—_
260
*164
*15
Refrac
preferred—
Y«ar 1912
Highest
J per share
•.
No par
Hayes Industries Inc
3,100
67
Co $5 pfd.
Hat Corp of Amer class A
600
2%
102 '/a
102
15
6%
(M A)
Harbison-Walk
6%
6
65
80
1,600
Hanna
144
109%
102
*164
79%
15%
15%
Lowest
Pat
100
7%
65
15
106%
*138%
Range Since January I
Shares
105%
102
64 %
15%
15%
144
EXCHANGE
share
*105%
Range for Previous
NEW YORK STOCK
6
*
2%,
102
167
15%
15%
15%
6
105%
<78
t per
106
*138%
6
*
73
100%
15 Va
Sales for
the Week
Oct. 15
per share
106
144
*138%
109V
7Va.
;
$
106%
15 Va
%
144
*106%
6
*106
15 Va
*138%
,
Oct. U
f per share
share
%v-v
STOCKS
Fridar
Thursday
Oct. 13
106 V3
106%
15%
144
$ per
share
PRICES
Wednesday
Monday, October 18, 1943
4
12% Jun
25
17% May
53%
61
Dec
May
7% Aug
24%
Jan
64
Jan
79%
Jan
11
Jan
13%
Dec
I-
K
19 Va
*18
"123%
*
6%
*23%
123 Va
15 V8
102 Va
*15 %
102 Va
16 Vi
23%..
►
V
■-„■■:;■
102%
16
107
*108
*21
22
21
21
*13%
13%
13 Vb
:
110
13%
*112%
113
*112%
30%
31
*17%
17%
17%
32
*45s
*22 3
*
a
7 Vi
32
V4%
4%
5Va
14
-.V
21
21
*20%
*112%
31
30%
18
32
*4
%
17%
*31
5
4%
54
54
22 Va
22%
8
*7%
13
113
*31
—
15 Va
*108
12%
*17%
.—
102 Va
102%
22%
22 Vs
8
—
14
15
30'/a
': ■'
:-
23%
110
*112Va
—
rV
23%
54
*53
22%
V
—
■
23%
—
■
8
*53
18
128
7%
500
V'v.
23%
103
24
14%
>
14%
*102%
15%
no
*15%
*108
400
1,100
.
103
>
■' > ■ y
16
110
180
200
Kayser
21%
*20%
21%
500
13
*13
13%
400
113
*112%
30%
30%
17%
17%
32
*31
4 V2
4%
54%
*53
113
:■<'■;■■
31
11,900
17%
*8%
8%
8%
8V4
.
a
:
,
1,700
300
*13%
*62%
30
30
30%
30
30
30%
30 V2
;
31 Va
800
31
31 %
31%
31%
31%
31%
32
;
2,500
13%
"13%
13%
13%
25%
17
*16%
37
37%
*36%
.*25%
25%
25 %
16%
16%
64
*62%
63 %
25%
*25%
*113%
30
31
37
25%
25%
.
113%
115
114
5 %
...•
130
25%
26
1,500
*16%
17%
16 %
17%
16%
16%
38
37%
38
24%
24 Va
24 Va
37%
X25
*113%
5%
1%
1%
16%
16%
16 Va
28%
5%
28%
*
38
x37%
25
24%
*
114
5%
5%
1%
17
29
113 %
29 %
28%
28%
19 Va
19%
19'%
28%
19 Vt
*19%
34 Vb
38
38
38
37 %
37%
37%
7
6%
7
*37%
39
footnotes
see
page
1551.
900
1,900
34%
For
5%
2.100
19 Va
38%
5%
1%
34
6%
5%
90
16 %
19%
37%
114
700
1%
34%
*37%
1.200
V
16%
19%
7
114
300
1%
34%
39 %
*63
17%
19 %
6%
*37%
34%
■37%
7
39%
B
...No par
$5
prior preferred—
Kresge-fS S),Co—
Kresge Dept Stores—
Kress
(S H)
No par
Gas
1
-
& Co:
No par
Kroger Grocery & Bak
Laclede
—10
-
Lt
—No par
.
:
34%
^
34%
38
38 Va
6%
*37%
7
39%
2,100
.
5%
St
6
16
"Sep 13
103 %*Aug
4
v
17
[Sep 20
6
17
110% Aug 31
24
Lane
Lee
26% Jan
27
Bryant——No par
Rubber & Tire!
Lehigh
Portland
4%
6%
conv
—_5
25
Cement—,
conv
preferred
Lehigh Valley RR
Lehigh Valley Coal
Lehman
100
50
No
preferred
Corp
20
Jan
4
107% Jan 27
2% Jan
2
!2Jan
par
50
11% Jan
1
24
5
(The)
Jan
1,000
Lehn & Fink Prod Corp—
Lerner Stores Corp
No
par
14% Jan
23% Jan
2,300
Libbey Owens Ford Glass—-No
par
31
6,400
Libb.v McNeill & L<bby
7
,5
5
30
500
Life Savers Corp,
2
6
12
6
8
Jan 12
Jan
2
Jan
4
'
2%
Jan
May
-*LApr
8lVr Dec
7
124
7%
Oct
Oct
29% Nov
11%
Feb
100 Va
Jan
Jan
11%
93% July
10 % Apr
103%
Dec
14 Va
Dec
4%
Jan
Sep
9
Dec
May
100
105%
Jan
37%
8
15
26%
Jun
11%
Apr
15 Ve
Dec
-July 15
24%
Jun
29
Jan
6% July 26
1%
Jan
2%
58%-JUly 29
30%
24
17
20 V» July
:
Va-Sep
22
10%sApr
3
32
Vi'Sep 30
32%'May
4
4
7
7
24
34
23V8Jan
4
24% Feb 26
9Va Jan
*Apr
35% Apr
7
Jan
2
Jan
7
Jan 13
Jan 12
Jan
2
Jan 11
Jan
35
Jan
17% Jan
11% Jan
x.No par
%vMay 11
16%|May 11
113
Jan 29
100
Louis
(The),
Mar
29%'Apr
4
102
28%
15Vs
25
1%
34%
18%
2%
100
Co
preferred
Lambert Co
Feb
117
8
1
2
8% Jan
_1
—
Kendall Co $6 pt pfd A
Kennecott Copper--
5
9
(Aug
10% Apr
•
%
16%
35
6%
64
1%
7
35
*37%
100
25%
*1%
28%
V
65
25 Va
1%
4
14%
*63%
5%
28 3
*13%
2
16%
*19%
14
64 V
25'4
1%
28%
13
63%
25%
1634
5 >%
13%'
Class
103% Feb
14% Jan
Kimberly-Clark Corp--—-—No par
Kinney (G R) Co—
———1
bO
22 Va
Keith-Albee-Orpheum conv pfd_lQ0
Kelsey Hayes Wh'l conv cl A
_1
700
54 V2
22%
—5
Co
....No par
Keystone Steel & Wire Co—-No par
V'V:
4% p]
22%
&
400
■
32
(Juliusi
1
100
% Sep 23
127
122% Feb
5 V'4 Jan
Kaufmann Dept Stores
:
"5ft conv preferred—:
30
19
2
2
20
Jan 13
7% Jan
6
83
Jan
2
HV4 Jan
2
xl2% Jan
Kansas
4
19
-—10
City P & L pf ser B—No par
City Southern
—_No par
ft preferred
—100
Kalamazoo Stove & Furn.
Kan
4.100
%
22%
8
1
7 Va
30 Vii
*30
30 7
17%
*31
54
*53
31%
7 Vs
*108
*12%
113
30%
*31
%--•%
18
*123
18 %
128
6%
15
%
>
V-"
123 Va
1478
14
102 V 2
107
7
*23%
.
*
128
6%
-
*17%
17
*123 Va
-
15%
*15 V'4
■
17
7
23%
15%
102%
"
128
6%
24%
*14%
18%
18
•
128
6%
6
16% May 21
72%'May 21
29% Jun
7
19%'Jun. 18
39 Vs" Sep
2
2%
40 Va
Feb
22%
Jan
Jun
3%
Jan
19% May
27
Jan
22%
Apr
29%
Jan
Apr
13
7%
*21% Apr
11%
Jan
8% Mar
15%
Apr
29
18
Va May
104
Aug
2%
Jun
2%(Jun
1
H
Dec
20% Jun
5
8'/a
Jan
32
July 14
22%}Jun 26
37% Sep
17
Feb
Sep
Mar
120
July 17
July 20
8% May 19
Jan
May
41%
Sep
18
Dec
11%
Dec
28
Dec
23%
Jan
113
Jan
4
Jan
1%
Jan
15% Aug
25
17%
Apr
11%
Apr
14% Aug
Apr
26%
18
20 Va
Jan
4
Mar
20
Mar
Dec
Dec
33%
Dec
5%
Jan
*33
Jan
'
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4221
158
NEW YORK STOCK
1547
RECORD
'
LOW
AND
HIGH
SALE
PRICES
STOCKS
"
.•'
>'
Range for Previous
.'• Tear 1942
'
Saturday
Monday
Tuesday
Oct. »
Oct. 11
Oct. 12
$ per share
68%
V-
68
69
69
*179%
27
32%
;
68% •69
181
*26V4
68
32%
■:*
26%
38
*19
19%-
19%
19
,
26%
■
33 Va
*37
20
•
68%
•19%
17%
17%
16'/e
V'57%
57V4
57'%
45'/4
451/4
*45 7a
7%
7%
7%
27 TV
27
*27
16%
16 7'a
*153%
155%
iV
21%
727a
' *21:
>
17
45%
45
7%
27%
16%
72
'
..
__
r%
•
16Va
5
•
-
-Lorillard
A
?i%
21%
*21%
73
*70
129,764
21%
71%
7%
721/4
-
>
-
700
•
Apr
4
28% May 27
16%
Apr
July 15
73% Jun
Jan
23% Nov
7
44
May 27
227s
Jun
32%
Feb
43
July 20
25 Va
May
37J/a
Nov
4
21% July 27
9%
Jan
12%
Oct
6
15
11
6% Feb
4
18% Jan
13
21% Jun
7
26
11% May
16 7'a
Dec
25% Mar 29
14% May
247a
Jan
64% July 24
37
Jan
•:-c- 46%
51% Jan
317a
Jun
42%
Jan
2% Mar
7 Va
Dec
6
11% May 10
16% Oct
7
29% Sep 20
21% Jun
5
15
10
—
Jan
Dec
19
37% Jan
par
25
148%Jan
12
163% July 22
128
% Oct
;
73%
74 Va
177
Jan
100
Co....
preferred—j.—
Rights
Apr
164 %
16% Sep
42% Jan
i
,
7
15% Jan
59% Jan
6
....
Louisville Gas & El A__.____No par
Louisville & Nashville
100
200
-
Biscuit
(P)
Apr
50%
182% Aug 1£
15% Jan
1
.No
Loose-Wiles
:
38,200
30
rVa
1
-
300
17%
156
*154%
.
-2,500
Corp.
607a
4
2
2
Highest
t per share
12% Jan
•
Lone Star Cement Corp
No par
Long Bell Lumber A
..l..No par
2.600
•
28
*27
17 Va
1551/2
72
72.
'
27
16%
•
4572
:
Loew's Inc
71
I per share
Apr
24
:
No par
Lockheed Aircraft
57%
7%
-
Liquid Carbonic Corp
3,700
1,900
-
I per share
34% Jan
par
No par
800
v."
17 Va
■7%
.
_
Lowest
22% Jan
No par
No
Co
iLion Oil Refining Co..
share
63% Jan
174
No par
400
Highest
62% Mar 25
25
Link Belt
•
19%
'17
45%
-V
*153%
••
21
21
__
1
25
Lima Locomotive Wks__
2,200
-
%'
571/4
••7%
x27
1/2
ti/XV
45 '/4
7%
155%
i'rt
__
19%
;
57
16%
__
21%
72
72Va
19 i
16%
57
%
u.
19
16 Va
*1531%
•
-
16%
■
19
t per
.——100
—;
Lily Tulip Cup Corp
j
39%
*191/4
57 V2' :.'
.
*27
*
—
*38'A
19
Per
Series B
Preferred
Range Sine* January 1
Lowest
Liggett & Myers Tobacco...
:V,.
_
200
34%
39
18%
7%
'•'•
__
154 V/v 154
i'r
*21
27%
16%
V
..
33 'A
*37 Va
45 »/4
-ri
,
7%
331/4
^
26%
19
16%
57
..
46
32%
26%
.::
V
y
•
700
V/V 1,700
180%
19
*18%
17%
57%
26 %
V
38%
19
'
-
V
69
68Va
STOCK
Shares
.'
681/4
*180
V
YORK
EXCHANGE
-.
'
18072
*26%
33 7a
*37%
__
X •;
69
*180
NEW
the Week
V-> $ per share
/■•:•' ■>U 68%
68
68%
-
Oct. 15
share
per
Sales for
/•Friday
U
.
68
180%
33%
39
*19
•
68'A
..
$
67%
4
*179%
*37%
*19
67 3
•!; 'JH
26%)
33%
Oct
$ per share
v/i,.vV'f
7*179%' 180'2
*26%
Thursday
Oct. 13
S per share
$ per share
■:X
68%
Wednesday
% Oct
Apr
Mar
19 '/a
Nov
16%
Nov
153
Dec
5
22% July 19
79
July 2A
8
Mar
11%
Dec
11%
Apr
18 74
Jan
55%
Sep
76%
Jan
15%
Apr
M
-
25%
25
25i/a
25
25%
25
-
'
25
25
25 Vb
■
.
*135
32%
32>/8
28%
28%
28%
28%
.
'
'
J/UV'
>
32%
32%
32%
32Va
283A
28 Va
28%
28%
'
■'
28% 'XX
x
*135
X-
MacAndrews
1,500
•
*135
32%
28 >4
32%
^f
32 Va
*135
••
32%
; 25 Va
'••
'
*135
•
6%
v.
&
J
Forbes.
10
preferred.^.—.
*13
13%
13 (4
13'A
14 V4
13%
17%
17%
17%
;
14'A
13 3a
13%
f. 17 Va
17%
*13
17%
*250
5% '/;
11
*250
*250
'■■S*
6
5%
Aug 12
37% Jun 28
par
19% Jan
2
30% July 15
6
534
"X
.
5%
5%
*10%
12
*10%
*173,8
18
*17%
18
3
2%
2%
5%
5%
5%
2%
2%
2%
53'a
.
5%
5 %
18
23A
•
100
1
10
50
'
-1
•/.
Jan
4
14% May 19
17
-
10
Bros
Co__.._—
No
Aug
9
24% Mar
320
Mar 15
'320
15%
15%
.15%
1
:Marine
26,100
17%
17%
17%
17%
5%
5.Va
5%
*5
V
14%
:
■
15%
15:
15%
15%'
15%
1,560
15 V4
15%:/:;:-/
.:
•
15%
xl5%
153/a
15%
15'A
1,500
17 Va
15%
15%
17%
17'A
17V4
17%
17%
5 Vs
5 >4
5
5
5
5
*37%
38 %
37%
37%
37
37'A
37%
37 %
30%
30%
29 Va
29 Va
29 Va
29%
*29'A
30 %
21%
21%
21%
21 >4
22
...
*171 Va
'A,
.fx'!
21%
21%
*171 Va
^5
2,900
•
500
•
Master Eled Co
21 Va
'21%
21%
1,000
-
ZMathieson
*171 Va
54%
V*
54 >4
54 %
54%
5 Va
' ;.
54%
'5 %
5 Va
5%
-f '•wlf:
'
5 Va
54
5%
54% XX
54%
'
■
5>/a
"
5%
*32%
*32%
35
"110
35 V2
*32%
'f''JL:
wU.
*110
20%'
21
15%
*110
115
20%
x20Va
15%
15 Va
15%
*110
27 %
27
28
"27%
20%
115
*110
,
xl08Va
*32
108 Va
33
*105
35
112
•"•••'.•'
115
27
*110
20%
*
115
X.X-
15%
*110
:;x: *26%
26%
700
1,200
115
.; X
27 Va
27
26%
*14%
15
X14 3/4
14 Va
14%
47 Va
48
47
47%
47
47»A
21 Va
22%
22
22
22%
22 Va
110%
110
110
*110'A
110%
10'A
*10
*10Va
10%
*■
,
!
20 Va
15 Va
20 Va"
15% X
•:
30
*
15%
*21
*32
*110
W-
21%
'15% M5%
33
13%
Jan
Dec
27% Jan
Mar 15
11
2% May
4%
Jan
Sep
23
5
May
11% May
x6%
Dec
5
2
%;[
9
Jan
9% Jan
8% Jun
-
5
2
3% Jan
31% May
Alkali. Wks
No
par
:•
5V«
preferred
conv
600
McGratv Elec Co
400
X' X
.100
w w
McGraw-Hill Pub Co
,
4%
Jan
11%
8Va
Apr
12%
4an
17% May
3 7a Sep
22% May
26 Va
,Jan
34V4
Dec
32
2
11% Jan
104
.
19
Aug
257a
Nov
19 Va
July
29%
Jan
176
;
60
„
Aug 23
Sep 13
7% May 29
33
9
Oct
8
Sep 29
22% Aug 18
110
16
7'
Jan
July 17
27% Mar 26
;
7^.
4 ^
17% Sep
7
19'A Jan
;
.
5
Jan
100
Jan
12% Jan
1
:
Jan
2% Jan
21% Feb
13
113
29
21
Oct
2.
Sep 30
47%
22 Va
14%
15%
47%
22%
*110
X-;i
,14%'..,
18
48 X'
22%
22
-
111%
*110
IIIV4
:
11
10%
*112
115
*112)'4
8
8
*7Va
:
115
*110
.
8
*10%
*87%
88
*75
'
-
75 '/a
X.
10%
10%
-A
7%
"86
87%
87%
*75
V.I
75%
-
••
•
*7Va
8
*86
75 %
75%
88
Mclntyre Porcupine Mines.;
3,300
McKesson & Robbins Inc
•
10
5%%
500
8
-
*86
75 Va
.No par
1,200
6%
88
13
10
130
50% Apr
25% Jun
14% Jan 27
P '
8
28
109Va Apr
.1
6% Jan
13
"
101..
Feb
24
' 115% Aug
6
Jan
4
preferred
conv
7
—100
Co
100
iMead Corp
No par
$6 preferred series A..—-No par
$5.50 pfd ser B w w
No par
800
77%
Stores
16% May 19
8% Jan 11
38% Jan'
...5
preferred......
McLellan
40
*75%
•
X",'
112
8%
8 VV
88
112
112%
•
75%
'
10%
112%
*112%" 115
Qi--.
14'34
116
Aug
7
11% Sep 18
10% Apr
6
89
Feb 26
78% Sep 27
67%; Jan
60
4
9
Jan 15
67a
Oct
Jan
162
Apr
31
Apr
46 %
Jan
1% Jan
13% Sep
3%
Nov
76
Jun
9
x
Mar
X10
May
99% Aug
14
Apr
67a
27 Va
Jan
'
*14%
Jan
Jun
43% July 16
.
13
37
Nov
3 7'a
2%
1.
165
Jan
2
6% July 13
11
22
16%
18'A Apr 15
xl7
.July 14,
24
May 27
7% Jun
7
5
Jan
21 % Oct
..........'.....I
% Mar
4% July 14
A;
16% Aug 23
:
■
1,300
'
•
Nov
12
•
27
preferred
:
100
May Department: Stores..
10
Maytag Co
...No par
$3 preferred
No par
$6 1st cum preferred
No par
,'McCall Corp
*
/
McCrory Stores Corp
•
.1
800
■
•
5%
Jan
97a
19
19% Apr
1% Jan
7%
'
55
*5%
21 Va
8
3% Jan
..No par
Corp-..__:..._.„.;_No par
Masonite
300
■
'
55
Jan
Apr
2
:
Martin-Parry Corp
800
-
30%
:
Market St Ry 6% prior pfd_X_100
Marshall Field &. Co__......No pfir
Martin (Glenn L) Co
.1
•
38
37%
*29%
175
*171%
Jan
35%
17'/a
2
'
'
*171'/a
237'4 Jan
131
Dec
3% Jan
6% Jan
'
15%
6
Dec
26%
14% Jan
par
25
Maracaibo Oil Exploration
Midland Corp
'.
2,000
5% '•'/.6%%X:
Sugar
Manhattan Shirt
if,*
2%
2%
5Va •' XX
'
5%
Manatl
Mandel
3,400
11%
*17%
x
X
6 %
*10%
12
18
*2%
•Magma Copper.!
'Mahoning Coal RR Co....A
-ari'-'x
'6
6 XX:
12
18
Madison Square Garden—_No par
700s
122
J
x
*17%
*
*250
;;X
:
*250
*10%
11
*17%
V
6
2
300
13%
17%
May
Jan
"
'
29
138
28
-Macy (R H) Co Inc_____.i_._No
2,000
:
17Va
8
July 22
133
par
Trucks Inc..-.:.
'
*13
20% Jan
100
...No
.Mack
1,500
■
9%
101
Oct
Jan
May
5Ve
Jun
94
Apr
X5% Nov
176
Jan
22
Nov
101
Dec
12Va
Oct
14
Jan
108 %
Jan
24%
Dec
9 7a
Nov
39
Deo
15%
Dec
110
Dec
71/4
108
Jan i
'Jan.
71/4 May
64%
Oct
77
55
Dec
72
Feb
20Va
Jun
32
Jan
Oct
Mar
"
37%
29
*37
37%
29
'
'
30'A
8%
8%
9
8»2
:>:■
30%
*29%
30
*29 "2
8 Ve
37 %
•
28
29
.
vS
37
-
r
31
31
31%
*8 V'a
,
X
28'A
8Va
36 %
36% "
*36Va
37
28 IV
8'A
\37
*26
1
30
30%
28%
*27 Va
.
XV;
28%
8Va
1,700
Melville Shoe Corp
700
8%
Mengei Co
90
;
•
5%
700
(The)
1st
conv
preferred
Merch & Min Trans Co
,
.No
'
29
*281/4
29%
*28»/4
28
'
28'A
*273/4
6Va
7 Va
*27 %
28%
283/4
200
x63A
6%
:X 800
Mesta
Machine
34% Julv
Feb 9
1
4% Jan
2
50 -\X 25
Jan
4
V. 12% July
4%
Dec
6
2274
Jun
29
24% Aug 24
32% Mar
21
Apr
33%
Oct
34% Apr
24
Dec
30'/a
Jan
9% Apr
5
Apr
7'/a
Jan
197a
Dec
.1
....
27
par
5
Co
26
Jan
42
13
July
'
•-'*7
-«
6% X
7%
28 V2
27%
*27%
71
70%
114
*111%
6%
5
70%
:
27
27%
*273A
27
7'/a
27%
27%
28%
*27.%
120
70
70
*108%
6
r
'
119%
70 %
70 :X; X :'-
:./_XX;
*108%
.
X
*90
*111 %
20%
*20%
20%
2
*29
82%
90
Midland
•'XX ■—-X
88%
A
20
2.400
500
89 %
20
y V'
1%
1%
2,400
•xx
7
7>A
2,900
28%
500
81%
800
29
82%
X 28%
82'/a
81%
117
117
116
116
*114
117
*118
122
*115
122
*114
112 ■:
*109
111%
*112
42%
43%
43
*37%
39%
'
j!
43
43'4
39
*37'/V
43%
10
39
*35%
$4
11,200
19%
19
19'A
19
19%
14%
15
15%
15 Va
800
15%
15%
15
15%
*15%
15%
1,500
28%
28%
28%
28%
27%
28
2,600
*4%
4%
4%
*70
'
4%
70
72%
4%
4%
70
69%
20%
20%
20%
*20
*76 %
79%
*76%
78
113%
113%
*113%
115
*77
180
100
:
79
*113%
Mills..
115
V
60
No
Co..
&
Essex.!..........;
Motor
.
Mueller
Co
Brass
Mullins Mfg Co
class B
$7 preferred
yMunsingwear inc.
Murphy Co iG C)
4%% preferred
—
"
*9%
9%
9%
*42%
9%
9%
43
*42%
43
*41%
'9%
Murray Corp of America
Myers (F E) & Bro
2,400
43
100
1 %
*1%
1%
*1%
%
*1%
1%
*1%
11%
11%
11%
11%
11%
11 %
11%
11%
IP/a
11%
32%
32%
32%
32 %
3 2'A
32%
*31%
32
31%
32
160
Nashville
15
14%
14%
14%
14%
*14%
14%
15
15
700
National
Nat Automotive Fiores Inc
*14%
9
*10%
21%
21 %
*172
17
17
9
29
11%
21%
176
>171
18
-l
8%
8%
10%
11%
21%
21%
176
*28%
8%
11
11%
11%
*11%
*171
*17
8%
11
9
*10%
8%
1
%
8%
8%
8%
8%
900
11%
11%
11%
300
11%
11%
21 Va
21%
*172
18
11%
17%
*11%
21%
176
17%
8%
8%
8%
28
28%
27%
27%
26%
21%
"172
8%
1,000
5,100
17%
8%
27 >A
300
8%
2,200
27'A
Nat
12%
12%
12%
12
12%
12%
12%
12%
Nat
700
12%
12%
*12%
12%
12%
12%
12 Va
12%
12 V4
12%
1,300
19%
19%
19%
19%
19%
19%
19%
20
19%
20
5,900
13%
13%
13%
13%
13%
13%
*13%
13%
13%
:
■
ii%
11%
*11
11%
11%
31%
31%
30%
31%
31
31%
x30 %
*27%
28%
*27%
28%
*27%
28%
9%
9%
9%
9%
9%
9%
89%
89%
*11%
11%
89
89
88%
17 Va
18
\"v%l?%
89
.
*27
;
11%
*89
*11
31
X
31%
2-8%
x 9%
*12
9%
89%
*27%
%
9>A
89
13%
:
300
;
.
9 Va
2,900
89
Cash
No par
350
No par
1
No par
&
Stamping
National Gypsum Co..
$4.50 conv preferred
67
Mar
Apr
14%
Nov
4
iV
Jan
174
1%
Jan
4%
12%
Feb
66
May
Oct
Oct
18
Oct
91
Jan
Jan 20
120
Oct
110%
Jan
Dec
29
114% Aug 24
2
14
8
5
7
27% Jun
17
Jun
12
"18% Apr
7
Jan
50
31
8
V
Feb
23 Va
Apr
341/2
6
287a
Dec
48 78 Mar
7
1274
Dec
5
6%
Jan
11
Oct
9%
Apr
12%
Nov
207'a Aug
25%
Jan
31/4
Jan
July 14
39% Oct
May
May
102 7'a Apr
Mar 29
29% Mar
7
Jun
3
2
77
2 '
Jun
25
50
Jan
63
Feb
23%"Jun
26
11%
Jan
17
Dec
69%
Jan
X
■/:
79 % Sep
117
7
22
Aug
4
11% July 19
44
Feb
27
49
May
108% Sep
113
Dec
4%
Jan
6%
Nov
30Va
Jun
39%
Feb
1
1% Feb
Sep
Dec
3Va July
15% Jun
3%
Jan
7
Oct
2
40% Apr
16 Va
May
29%
Nov
19% Apr
13 Va May
3
Apr
19%
Oct
5%
Nov
8%
Dec
11% July
Jan
3
7.
2
Jan
7
4
5
4
Feb
Jan
1278 July 14:
13% July
23
176
,
7
July 16
Sep
2174 Jun
14
24
10% Sep
9
29%.Sep
24
5%
Jan
6V8 May
Oct
16%
Oct
166 Va
Jan
May
May
12 V'a Apr
3 3A Jan
11
Jan
12%, Apr
15% Sep
20
4%' Jan
11%.Sep
22
16 3A
Dec
5%
Nov
20
Dec
13% Aug 23
21% July 23
4
2
6% Jan 13
9% Mar 16
x25% Jan 14
•
9%
13
140
12% Aug 23
1
..No par
No par
10
Nat Distillers Products..-.—No par
Nat Enam
Oct
Jun
9% Jan
14% Jan
1
*
Gas Co
Nat Dairy Products...
National Dept Stores.
6 % preferred
8%
Oct
Dec
117%
Jan
5V4 Jan
18% Jan
10
Register
57%
3%
112
17
No par
Corp
National Cylinder
2,800
28%
& Share
National Container
1,200
11%
31%
Bond
100
.
108
111
110
8%
8%
15%
162
10
Co
preferred
National Can Corp
3,500
*12%
Biscuit
National
77c
1
10
5
preferred...
Aviation Corp
Jan
14% Sep 14
5'A Jan
2
^1
Co
103 7'a
*107% May
1% May
Mar 19
23% Jan
Louis-. —100
St.
conv
/National
•A'
176
*17
27
11%
21%
67c
Acme
&
Dec
Jan
Apr
1
Jun 18
6% Jan 2
Nash-Kelvinator
Chatt
Nov
59 7a
35 Va
Sep 20
9272 Jun 30
Jan
7
Jan
5
Apr 13
July 3
5% Jan
2
34% Jan 12
Liquidating Co—.....No par
Corp
5
Nabco
9,700
*10%
11
178
*17%
9
8%
1
Oct
Va
6
30
ifn llllis|l||lf111
H%
23 Va
108
119
2%
53
15
62
111
1
No par
No par
No par
...100
10
No par
,
3% Mar
11 % Apr
11 Va Jan
21% Jan
.1
....
25
V
July 23
July 19*
13
Jan
9 78 Jan
50
No par
.5
Wheel Corp..
98
33% Jan
31% Jan
par
iJohni
10
108% Jan
par
&
8% Jun
16l/a May
887/4 Apr
121
118
.No par
Motor Products Corp...
Apr 21
113% Feb
4
'
12 7'a Mar
Oct
81% July 31
114% July 22
par
No
"HO
14
% Jan
2
3% Jan
4
17% Jan 12
10
No
July 19
76% May 6
Jan
2
64% Jan 17'
13% Jan 13
No par
B___
128
3
..20
preferred series C
Morris
:
1,000
71
20%
*19%
Carpet
Apr
30% Sep 21
31% Jun
7
X
Feb
8
Feb 19
109
.—No par
100
Morrell
2.180
15 "a
4
Montgomery Ward & Co
100,
19%
15
7
58
107
„
~
6
20% Jan
106 % Jan
10
Preferred series
113 '•
;•
Corp
^Monsanto Chemical Co
$4.50 preferred
100
18% Jan
par
10
No
preferred
Mo-f^an-Texas RR___
7% preferred series A
Mohawk
122
*109
1st
4
100
Petroleum
Products.*
Steel
cum
Mission
800
•
87c
5% Jan
5
:
Minn-Hor.eywell Regu...
No par
4 7c conv pfd series B
100
4%% preferred series C
100
Minn Moline Power Inipl—
1
$6.50 preferred!
.....No par
114
6%
Copper
Mid-Continent
: .i
600
1%'
29
82'/a
x
7%
1%
-At 7'
29%
y.-.
6 'A
91
7%
6,100
■"200
119'A
6%
93%
7%
;
Miami
'
:
87%
*1%
,
28 3A
*119
70
70
X
27 Va
120
*108%
114
*111%
•
6%
20'/a
■
27
119%
*108%
*108'/a
V'a
26%
123
*120%
*69
6
273A
27%
121
//
■
28%
27%
28%.
;ti2i
7
.17% Jan 15
6
Jan 12
.70% Jan 4
14% May 10
34% July 12
29% Sep
30
11% Jun
4
89% Oct
6Va
Sep
8% May
17%
9%
Dec
15% Aug
7%
Nov
9%
Nov
Apr
26
Sep
14 % Mar
18
Nov
3%
Apr
6 Ve
Deo
13.
60
19V4 May 27
11
178% July 13
145
May
168
Jan
28
129
Mar
146
Jan
Jan
72
Apr
16%
Mar
'
172%
*145
*145
147
__
172%':
172%
172%
.
17%
'
147
:
•
17%
-18%
19
CM OO er -.co
6%
68
4
58
57%
12%
12%
12
25 Va
25 Va
*24 Va
*72%
73 »A
.72%
80%
79%
80
*5%
6
*9%
9%
14%
14%
.
.
5%
•
..
•
•
XV.
—
17'A
172
>145
18%
18%
18%
28%
28%
*28%
6%
6 'A
*23%
98%
.
56 Va
*109%
112%
—
28'/«
56
*109%
112%
57%
58
1,700
National
11%
12V4
3,300
National Supply
25
25
25%
25 'A
X
72,
81
71%
*80 %
71%
73
80 %
*5%
5%
5%
9'A
9 'A
9'A
98%
14%
56
*109%
112%
footnotes
see
page
1551.
15%
99%
'54
67c
70
14%
(The)
No par
No par
Nehi Corp..
Neisner Bros Inc
"l0
4% 7c
conv
Newberry Co
•'
(J J)
112%
>109%
112'/a
Va
28%
28%
28%
1,400
Newmont Mining Corp
17%
18
18%
5,100
Newport Industries—>
15%
15V8
15%
2,000
Newport News Ship &
98%
*98
98%
200
57c
preferred series
$5 conv
1
serial preferred—100
17 %
15%
25
...10
40
.100
—100
No par
*109%
*98
4
National Tea Co
:
1,300
•
Pa
preferred
preferred
preferred
prior
prior
No par
No par
Steel Corp
conv
14
160
137
Natomas Co
600
600
-
$2
5%%
750
56
56
28
15%
98%
/
24
*96
*52
17%
*98%
*14%
*23'A
•-
98 %
28%
__
14Va
24
*94%
17
15%
For
14%
24
*96
28%
98%
-
5%
-■■9%
17%
98%
1,000
80 >A
5%
29
*15%
4,800
25%
71%
82-
9%
17%
15%
6%
5%
29
98%
National Power & Lt
12
18
15%
National Oil Products Co..i
57%
6%
28 Va
98%
«
11%
'
Cast Co
<.
12
*52
"
17%
400
57%
*23 Va
98
,*53
30
& St'l
Nat Mall
500
6%
*14
'
*53
6%
30
18%
9Va
24
'98
147
preferred
Jan
2
Jan 13
Jan 6
14% Jan 13
—10
preferred A—
preferred B
57%
72
—
14'/a
*23%
24 %
*94
7 'A
110
—100
100
Lead Co
National
4,400
614
•
.14%
17%
172
24%
-
81
—
9%""' "v..
9%
29%
17%
11%
-
—
"
v.: ,v
25 >4
*5%
183/4
17%
57 Va
—
73'
*79%
12
146 %
-
57%
•
171
145
*28%
1
63/8
58
171
146 V'a
18%
__
__
ro 00
X 28%
28 %
6 3/8
.18%
170%
146 Va
-
__
'
*18%
17%
170%
.
No par
A
100
10
1
Dry Dock—1
—No par
28 % Oct
2% Jan
Jan
5% Jan
14% Jan
57
Jan
62
Jan
52
150
Jun
Dec
17% Mar
4
29%
Apr
36
7
1% Apr
43% May
54
May 27
8
2
36
Jan
7 % Jun
5
64 %
2% Jan
2
Jan
5
9 Vs Jan
7
16
Jan
4
74% Jan
4
37
Jan 11
6
106% Mar 31
26% Jan
2
10% Jan 12
15
Sep 14
95% Jan
7
July 14
15% May 28
28% Jun
2
4
9%
Oct
Jun
16%
Feb
63
Feb
,70
Feb
1
453A May
51
8
May
2% Mar
5
4Va
19% July 14
Jan
Jan
2
10% Apr
Nov
6 Va
88
Jun
3 Va
May
80% Jun
7% May
Jan
13%
22
2
4
5
2
'/a
4
Oct
Oct
9 Ve
Feb
5'A Mar
9 Va
Dec
11
Jan
17
Dec
25% Oct
1
Oct
11
70 Va May
75 Va
57% Sep
17.
28
Apr
39%
Dec
Aug
5
104
Mar
110%
Dec
98
114
Sep
37% Apr
8
22 Va
Apr
30%
Feb
19 7s Sep
30
7%
Apr
11^
Jan
21% Mar 30
15%
Dec
2D-7 at
Jan
6
93 Va
Dec
109%
Jan
102
May
•
%
THE COMMERCIAL & FINANCIAL CHRONICLE
1548
LOW
Saturday
Monday
"
I
t
per share
per
SALE PRICES
AND HIGH
share
t per
17%
18%
17%
Oct. 13
20 %
*19%
63%
64 %
62
63
♦22%
22 %
22%
22%
*20
11%
*10
*25
28
*25%
130
130
132
,♦130
44%
■•AS
n
2%
■'V/ 2%
10
*9%
25%
•"'
%
-
2%
2%
:
>
2%
2%
*%
%
*%
%
*%
%
16%
16%
16%
16 %
16%
16%
180%
121
10
10%
10%
114
*34%
51%'
51%
10
52%
100
10
114%
114%
*114
18%
102
*37
102
*114
18
*17%
18%
37%
*37
37%
*4%
5
5
5
4%
4%
4%
4%
40
40
40
*39%
40%
*39%
40%
*39'%
40%
12%
12%
12%
12%
12%
12%
12%
*12JA
13
12%
5
A
Dec
51
Feb
5
10'A
Jan
15%
Jan
26
May 22
,,
12% July 29
I 28% July 30
101
Oct
131
11
22
6
2
1% Jan
Oct
11
130'A Oct
Jan
28% Jan
aA % Jan
1W)
126
4
Apr
Dec
110
80
May
Feb
109
23'A
Dec
54
&
10
Jan
2'A Mar
6
Dec
Dec
12%
60%
14
July 13
53% Jun
4
6%
16%
May
.
Feb
Mar
Feb
Jan
41 Oct
% Jan
2%
Sep
100
& Jan
4
1% Mar
Jan
%
1
15'A Sep
14
26% May
19
Jun
30%
Jan
38
15%
Apr
23 %
Dec
_5
;
Ry—
23
Jan
5
162% Jan
—100
113
Vs
July
Oct.
2
192% July 14
143
Mar
192
Jan
5
119
17
108
Mar
116%
Sep
10
9% Jan
7
18% July 21
6
% Mar
11 %
Nov
50
49% Jan
5
56'AJun
4
39
Apr
52%
Jan
8
39
Apr
53
Jan
50
States Pow
Sep
Jan
48% Jan
5
1
9% Jan
2
14'A Apr
8
9%
Dec
14
—50
91'A Jan
6
100% Jun
25
85%
Apr
96
100
7% Jan
18% May
116% July
6
4%
Jan
8%
Jan
2
2
100
Apr
110%
15% Jan
19
8
Apr
17%
Apr
38
$5 pfd_No par
No
107
par
Telegraph-
50
Norwalk Tire & Rubber—
30
No par
Preferred
800
35
130
Northwest Air Lines
600
74% July 24
6% Jan
preferred—100 A
Northwestern
4%
*39%
1,900
27
14% Jan
■
—50
Northern Central Ry Co
Northern Pacific Ry
Northern
17%
2
North American Aviation
70
12%
Jun
7
preferred series—
5%% preferred series
22,lOO
Jun
May
4
6%
2,600
115
4%
6%
11%
100
Western
&
Oct
5
26% July 23
16% Jan
North American Co
-
•
15%
15%
115
13,000
10
*100%
15%
18
37%
17%
*37
10
10%
*100%
114%
18 %
Norfolk
400
16%
Feb
20
63'A Jan
Western
&
32'A
27
par
preferred
Ontario
I per share
23% May
12
par
Y
Adjust
51%
10 %
*100%- 103
37%
280
183
121
51%
52
15
18 %
*119%
Y
Highest
t per share
31% Jan
Co——100 V
Shipbidg Corp part stk
Noblitt-Sparks Indus Inc
-A
*52%
14%
*37
182%
121
51%
V 14%
37%
35
Conv
tN
N
2,700
A
West Ry
&
1942
Jan
11
,u——
preferred
non-cum
Lack
44'AMay29
—50
—No
IN Y N H & Hartford
200
A
Y
1,400
A'
%
17'A
16%
15%
18%
18'A
*37
2%
%
16%
16%
*113%
114
,
53
;
1,100
*52% ; 53%
53
10%
10%
tt
A
No
2
10% Jan
V
t per share
27'A Jan
No par
„
Certificates
N
270
2%
%
16%
14%
15%
15
*119%
16%
103
70
44%
IS
preferred
Year
Lowest
•.v
$ per share
—100
N Y & Harlem RR Oo
140
44%
35
3- 4
121
'
*100%
102
183
16%
52%
*51%
52%
*51 %
*100%
181%
53
*52%
53
*52%
*130
preferred series A
$5
A
..
100
NYC Omnibus Corp
New York Dock
450
1«4
*119%
16%
16%
6%
200
17
,
Y Chic & St. Louis Co
N
200
tt
■
*34%
35
121
*119%
16%
16%
*34%;
181
181
181
*119%
35
*34%
35
*34%
11'A
27%
130%
2%
*%
16%
700
130%
45%
12
%
23%
*130'A
132
*44%
3,600
*10
130 V4, 130%
*130%
45
63%
v"-.
No par
No par
Central
York
New
300
Range Since January 1
Lowest
y./-.
Highest
A
A;A. .AAa
■:
Brake.
New York Air
50,300
•'.*25'A
26V'8
132 %
*130%
140
44%
/ ;
11
*25%
;
131
:'
■'
18%
20%
63
23
*130
IS
2%
23
*130%
45
44%
23
25%
140
44%
62%
131
130
*127
62
18
23'A
61%
Range for Previous
STOCK
YORK
EXCHANGE
Par
800
36
20%
•
20%
.•■".'A;'
Sharet
share
35
18
*20
10
26%
129
17%
20%
22%
131
130
54%
60%
11%
*10
17%
17%
20%
34%
$ per
NEW
the Week
Oct. 15
$ per share
34%
34%
-
Sales for
Friday
Oct. 14
I per share
share
18%
20%
STOCKS
Thursday
Wednesday
Tuesday
Oct. 12
34%
34%
35
*34
;
Oct. 11
Oct. 9
Monday, October 18, 1943
36
31
7
15
6
31%
1
Jan
45
14
Jan
8% Jan
2.50
Jun
23% July 8
41'A Aug 18
6
July 22
6
Jan
x3'AJan
50
Norwich Pharmacal Co
56
20
Feb
Apr
12% Oct
7
13
Jan
Jan
Nov
Sep
Dec
Mar
3%
Dec
34
Oct
10'A
7% Sep
Jan
O
17%
*40%
17%
17%
17%
17%
17%
17%
17'A
17%
41
17%
40"
40
40
40
39%
39%
40%
41
*6%
6%
6%
6%
92%
92%
93
*92%
18%
150 *
:
-
8%
18%
•150
153
153
93
1:
'f:\
„
18
33%
*31
67%
*67%
59'%
58%
58%
'
-
300
Oppenheim Collins
6%
33%
*31%
33 %
*31%
33%
*67'%
69
*67%
69
58%
58
58%
58%
58
50% July 2
8'A May 22
17
2
95
59
69
Mfg.
No
Glass
2
Sep 27
2
10% Jun
8
21% Jun
142
Jan
5
7
6%
Apr
12%
Jan
2%
30%
Dec
Jan
6%
Jan
Jan
79
2% Apr
11% Mar
154
Sep
132
Apr
xl6%
Dec
Jan
4%
Jun
17%
Dec
Mar
143%
Sep
28% Jan
15
38
Apr
27%
46
Jan
22
67% Oct
42
Jun
48
54% Jan
par
12.50
Co
Jan
3% Jan
15% Jan
—100
5
Co——
Owens-Illinois
1,200
21'% July 19
6
preferred
Outlet
10
13
3% Jan
—No par
Outboard Marine &
A
11% Jan
29% Jan
Equipment—-No
Otis Elevator
2,000
153
69
58%
—
250
Farm
par
6
—100
No par
Omnibus Corp (The),
8% preferred A
9
*150
No par
Co
Oliver
2,400
18%
*31%
69
*58%
8%
18%
153
*150
153
9
18'A
Ohio Oil
1,000
*67%'
33%
67%
3 8 %
18%
*150
93
*8%
*8'A
'!>
v
.
*31%
*92%
9
93
8%
is %
9%
18%
6%
6'%
.'^-v
a—-
93
93
;
*8%
6%:. •?
6%
6%
6 %
13.800
12
64
43%
Apr
57%
Dec
8%
Jan
July
Dec
Mar
P
*18%
19%
*12%
16
*28%
28%
*12%
*44
18%
18'%
*18%
19%
16
*12%
16
28%
29
41%
41%
16
*12%
*116
28%
28%
41%
40%
41 %
24
24
24
116%
•
28%
41
24
*116
28%
*116
116%
*116
159
5
5
*14
3%
5%
*5%
15
3%
116
113
112%
112%
111%
105
112%
3%
43%
3%
105
*101
43
*101%
105 :'-i
23%
24%
24
*30%
32%
*30
32%
1%
1%
1%
1%
lVa
.30%
31 %
x30%
30%
30%
30'%
30%
%
18 %
18
18
18
18
*17%
4%
5
5
5
*4%
■
23%
*30
32%
23%
23
23%
4%
23%
23%
55%
55%
55%
55 %
55%
94%
93%
94
94
94%
15%
15%
14%
15%
23%
55%
94%
14
8%
8%
8%
2%
*2%
2%
42%
*39%
24
*57%
57%
23%
55%
55
94
94 'A
15
15'A
15'A
9%
4,900
2%
2%
300
*15
16'A
16'A
*40
23%
*23%
23%
*23%
23%
*23%
57%
56%
6%
.52 %
56%
57
49%
11%
*10%
*11
50%
48
*30
32%
*24
*6
57
57
6%
57
51%
aa; 51%
52
11%
11%
11%
11%
200
*47%
49%
49%
49%
300
*30%
32
*31%
33
100
25
*24%
25
Av
22%
48
47%
;•<: 32
*30
.
6%
24%
24%
24%
*24%
8%
8%
8%
8%
8%
8%
8%
7%
7%
7%
7%
*7%
7%
22%
22%
22%
22%
22%
22%
22%
7,200
48
%
48
48%
48%
48Va
48%
48%
49% '
88%
87
88%
88%
88'A
88 %
89%
160
21
21%
21%
21%
21%
21%
21%
21'A
8,100
24%
24%
25
25
25
24%
25
24%
24%
2,300
$1
*24%
22 %
22%
22%
22%
22'/a
22%
Airlines
$6
5
17% Feb
9
24% Sep
20
_100
46% Jan
*5
5%
*90%
5%
*5
*5
*90%
.
25%
*24%
*100
120
*5%
6
54%
6%
12%
6%
75
<
24%
120
*5%
54%
75
24%
*100
6
54 %
54%
7 %
*6%
74%
12%
75
12%
12%
5%
*5
5
*60%
*90%
24%
24%
*100
120
*5%
6
54%
55
*6%
7
74%
75
11%
12'A
*24%
*100
*5'A
55 %
6%
75
11%
5%
*5
%.
*90'A
25%
*100
6
5%
55 %
11%
55
7
7
*74
'
75%
Co.
*12
12%
S5
690
600
conv
180
*165
180
*165
180
*165
175
*165
175
Pitts Ft
188
*182'/<
190
*182'A
190
*182'A
190
*182'A
190
1%
7%
4%
4%
7%
4%
7%
7%
*78
83
*43%
44%
44
44%
*64
66
66
66
12
12
12
12
*165
175
*165
175
*5%
*78
5%
82
7%
7'A
*79
*19%
20%
*19%
20%
8%
8%
8%
8%
20%
20%
20%
20%
10%
10%
7'A
7'A
65%
*65%
66%
11%
*165
11%
'
175
4%'
4%
11%
*165
4%
11%
175
4%
70%
70
71
55
54
54
18%
18%
18%
18%
*19%
20%
20
20
8%-'
20
10%
•
8%
8%
20%
20%
10'A
10'A
8%
22
10%
11
*10'A
11
*10%
11
*32%
34
*32%
34
93%
102%
55%
119
55%
*118%
56%
120
55%
57
*118%
120
*78
12
12
*165
600
175
4%
70%
*55
18%
*19%
4%
1,200
71%
250
21%
10%
*10%
34
57
*118%
22%
13,200
11%
3,200
36
18
Apr
Va
27
A
47%
Jan
15% Mar
2%
-
<
Jun
30
7%
Dec
Oct
Dec
Jan
58% May 20
41% May 20
36
Apr
51%
Feb
27
18
May
29%
Jan
23
;
Feb
20
26 % May
19%
6'AJan
8
37
27%
Apr
6%
Dec
5
Mar
6
Jan
29% Mar 29
12
22 % Sep
Jun
4
28
22
Dec
8
10% July 19
4
5% Jan
8'A jun
Jan
32%
Jan
30
28%
Apr
40%
Jan
91% Sep
30
49
Apr
76%
Jan
21% Oct
11
24% Sep
25% Sep
23
No par
3
13% Jan
22
26'A Jun
71
Feb
20
106
Apr
20
109% Jan
7
7% Feb
17
No par
100
79% Jan
44
Jan
20
3% Jan
14
100
%
50
July
July
Apr
7% May
4
1
£V:
7%
55%
Jun
Apr
98
May
103
Jun
6% May
~~
X14%
79
Dec
Dec
107% Mar
110
Nov
9
Jan
3
65
May
80
uct
26
30
Apr
46
Dec
3
92
Sep
4
26
May
7
8
8
102
Jan
34'AJan
6
59
25
14
1%
43
Feb
May
3%
Dec
8
25
70
Jan
18'A Jan
100
100
102
Jan
3% Feb
100
No par
5
Jan
No par
59
Jan
1
July 30
117% Jun
16
18
,_5
J00
3
115
5
No par
1
90'A Jun
14
10
—100
-
9'% Feb
9
Jan
175
Jan
4
Jan
3
Mar 30
5
15% May
7
15%
"3
Oct
May
~4%
Sep
Apr
4% July.
7%
Dec
Apr
38%
6%
Jan
10%
Nov
Jan
9
165
Feb
165
Aug 31
165
May
175
6% Jun
7
3%
Dec
Oct
Jan
68
170
4
Nov
19%
26%
56%
65
Jan
182
9
21
No par
May
77 % Jun
4
170
29
7% May 20
57%
120
200
2,200
10
95
93%
94%
94
94%
94'A
95
1,430
101%
No par
100
59% Jan
5
A
—100
24
Jan
13
100
64
Oct
6
7% Jan
2
150% Jan
4
8
162
1% Jan
5% %
Feb
Feb
5%
Jan
6%
Jan
Co.
(The)
1
70
Feb
16% Mar 29
•
May 18
5% May 29
Jan
30
72
Oct
55 'A Oct
6%
153
Jun
July
10%
153
Jan
July
6
28
4
B
Creek
l>5
Pocahontas
—No
& Co class B
14'A Jan
2
par
18
Jan
18
No par
Postal Teleg Inc preferred—No par
Pressed Steel Car Co Inc
1
4
Jan
7
16'% Jun 21
21% July 16
11%
Jun
14%
23'A Apr
5
15%
Jun
18%
Oct
Jun
1
3% May
5%
Jan
22% Oct
15
13
13% May 29
9%
5%
Jan
Jun
6% Jan
6
5
6% Jan
14
—50
24% Jan
4
par
48'A Jan
4
58
Sep
17
42
Feb
5% pfd iser of Feb 1 '29)_—100
Pub Serv Corp of N J__
_No par
114% Apr
7
123.
Feb
13
115
Feb
11% Jan
6
17% Apr
5
75% Jan
20
96'A Oct
5
conv
5%
conv
Procter
&
1st preferred
2d preferred
Gamble
$5 preferred6% preferred
102%
Xl01%
101%
101 %
102
105%
104%
105%
104%
105%
1,590
1%
116'A
116%
115'/a
8%
118%
116%
860
118%
119
118%
118%
33%
34%
33 %
33%
15,500
Jun
Jan
116 %
36%
58
20
104%
140
Oct
Jan
Mar 31
75
29
114%
119
62
33%
100
106%
780
Apr
Jun
8
100
115
34%
pfd
May
20
July
preferred
105%
34
pr
4
47%
52'A May 12
90
preferred
114%
33%
conv
13
Class A
107
118%
ser
4% Jan
Class
.
115
118%
1st
Pittsburgh & West Va
100
Pitts Young & Ash Ry 7% pfd—100
Pittston
106%
*118
10'A May 11
B
5%
11%
34%
94%
Jan
Jan
class
Poor
94%
1551.
23 Va
19
; 34'% Feb
class
800
9
6,700
page
Nov
16% July
x51% Sep
Plymouth Oil Co
15%
see
Feb
25%
4
preferred
Pond
15'A
footnotes
108%
Jan
16'% May 18
preferred
114%
For
May
6
5%
100
15%
34%
May
18 7A
5'A Jan
100
18%
15%
33%
Aug
11
104
; 7% Sep
Wayne & Chic Ry_—100
20
15%
*118
15
Sep
2
preferred
10
15%
102%
Jan
4
Iron Corp
500
16%
102
Jan
44
Jan
preferred
55%
15%
-
2
Jun
18% Aug 23
Pittsburgh Steel Co__
82
16%
102%
Jan
68% Jan
Pitts Screw & Bolt
40
35
;55%
Apr
1%
59% July 23
7%
65%
*10%
119
900
66
*32
55%
7%
*65%
11
119
,
490
36
16
7%
44%
*32%
*54%
1,500
44
82
*10%
*118%
4%
44'A
70
19
•
44
*53
19
■
*78
54%
*52
4%
44
71%
19
4%
82
70%
71%
55%
*18%
4%
43%
5%
*53
10%
4%
~4
1%
'
4%
*70
*10%
4%-
Oct
Dec
Dec
par
Pittsburgh Forglngs Co
*165
*182%
*4%
&
29%
60
82
par
preference com——1;
Pitts Coke
300
.
Jan
No
com—.
Pittsburgh Coal of Pa
6% preferred
1,300
■.
61'A July 14
Dec
Nov
—No
preferred—
Pillsbury Flour Mills
100
1%
32
6
—5
Pitts C C & St Louis Ry Co
5%
53'A
6%
75
200
120
17% Mar 26
111
Jan
17% Mar
Apr
56'% May
9
No par
Preferred
25%
*24%
120
29%
1% Feb
100
Phillips Jones Corp
7% preferred
!
Phillips Petroleum
Pnoenix Hosiery
23,700
Apr
•fo Mar
28 % Jan
series———.-100
13
19%
13'A Aug
100
100
Corp
Philip Morris & Co Ltd
98
Oct
Jan
2%
1
4%%
47%
14
29
21
Preferred
46%
Jun
Sep
116
*90
9% Oct
32% Apr
*115
*11%
17%
17
13%
6
116%
13
Apr
Jan
44
2
No par
25
Nov
Oct
6
5
—
Dec
101
1%
4
3% Mar 26
9
38
14%
May
45
Oct
Apr
11%
60% Mar
100% Sep 20
20'A July
8
18
Co——100
Ry
2%
Oct
Mar
90
May 22
13'A Jan
*115
98
May 20
23% Jan
116%
46%
20%
8
108'A Jun
*115
46%
2
50
116%
*90
11
100
*115
*11%
29
14
11
6
116%
13
Jun
Jan
4
*115
46%
6 %
3
.55
33% Jan
series
98
21% Aug
.
No par
No par
4V4V0
46%
July
2% Apr
2
Preferred
*90
Dec
July 12
Jun
July 10
32'A July 24
6
1,200
*11%
106'%
Jan
30
1% Jan
3,600
13
Sep
1
106
3% Jan
83'/a
47%
101
113'A July 26
22
15% Aug
"22%
98
Jan
4
1
111%
46%
8%
45
10
83 '/a
*90
Dec
2
80
par
*109%
*11%
6%
19% May 22
111%
13%
7
32
*83 %
47%
Dec
5
*110'%
98
27
7
83%
47
Apr
7
111%
*11%
11%
Jan
82%
*90
7
11% Oct
2
par
—No
Corp of America
*
Oct
43'A July
1% Jan
*110%
84
3
16
83%
22'A
9
Jan
27% Jan
111%
22%
4
Jan
1%
Apr
2
*111
83%
Nov
1 % Mar
5 '/a
8
5
12
111%
83 %
Nov
22
Corp.—
Corp
Brewing Co
Phila Electric
Jan
148%
l'AJan
*111
*82%
22%
240
101
Apr
15'A Jan
10
Philco
*86%
88
21
Apr
Oct
17 "A Jan
Phelps-Dodge
Corp
Philadelphia Co 6% preferred—50
21%
*86%
74
121
12
Jan
Oct
9
Jan
100
Nov
;■ Nov
8
35'A Jan
No par
Co_
Petroleum
Pfeiffer
2
Oct
119% Sep
par
No
Pet Milk Co—
100
105% Jan
1
No par
Enterprises
Eastern
-
2.50
Marquette Ry Co
5% prior preferred
5% preferred
800
A
par
No
Pere
2,100
7%
r
&
19
1
Cement
Pepsi-Cola
18,400
22%
22%
48%
47%
11%
A A
7%
8%
7%
,
6
.6
x51
8%
24 Va
8%
*7 %
48
6%
51%
34
Jan
1
Peoria
23%
24'A
Apr
13%
1
5% preferred
Pennsylvania RR
Peoples Drug Stores Inc
Peoples G L & Coke (Chic)-i
9,300
Apr
22%
16
200
27%
•15%
7% Jan
Inc
Co__
Coke
24
20
100
Co
&
Nov
23% Jan
800
26%
31%
*24
16'A
26%
*5%
Coal
21
5
5
—
$7 conv pref ser APenn G1 Sand Corp
*110%
26%
'
31%
Penn
Jan
6% May 10
No
Ford
(J C)
Penn-Dixie
42%
*15
*110%
&
7
17% July 15
pfd-100
Transportation
Penn-Central
2,900
9'A
26%
50%
11%
Penney
20
2
Inc
Patino Mines &
Penick
500
9%
42
5.60%
Parmelee
1,400
Oct
4
Ref—
Pictures
&
16
2
preferred
Davis
Apr
Jan
Parker Rust Proof Co
2%
*40
L
&
400
1,700
55
94
26%
6%
*49
23 %
23'A
Parke
.
Oct
9%
,
Inc.
Tilford
6%
25%
16
159
5
3% Jan
9
4%
Apr
2'A Jan
Transp
700
;•
5
8%
*110%
52%
*11%
2,700
18
5
26%
57%
■
*6
30%
*17%
5
1
10
Park Utah Consol Mines
1,500
30%
30%.
18'A
&
&
P
Prod.
conv
Park
1%
East
Cos
Paramount
13,900
32
23%
*
*23%
52%
24%
26%
27
'26%
%
1%
••
14%
42'A
*15
*110%
*110%
4 %
*2%
,
*40
16%
*15
16%
*15
42
Paralline
8%
*2%
*40%
Panhandle
300
2%
8%
2%
Panhandle
600
25
Jan
6% Mar
Apr
par
Corp
Airways Corp
Petrol
510
93%
*55
14%
8%
24
Pan-Amer
105
*30%
1%
Pan American
2
148
6
29
45% July 20
28% May 24
A
4
Jan
91'A Jan
..
Jan
19
13% July
No
Oil
Car
Motor
3 '/'a
*101%
24%
32%
1%
24%
,
A
Western
43 %
*42%.
105
Pacific
112
3 %
3%
*42
43
*101
25
24%
3 'A
3%
43
*1%
24%
♦30
5%
15
*10'A
*101
>
200
11%
112
100
;
5
33
A
---100
11%
*10'A
3%
30'A Sep
Mar
2314 Jan
:
par
& Teleg
15,500
11
43%
Telep
32 %
11
110%
16% Jan
preferred—
31%
11
3%
Facific
Packard
11
44
15
Pacific Tin Consol'd Corp
31%
3%
10
No
3,100
30%
44
13
_No par
6,700
32
111
110%
60
&
3%
11%
*11
14% Jan
July 23
25% May 20
10
Mills
5%
32
55
—25
Lighting Corp
Pacific
3%
31%
31%
Gas
Pacific
6%
13'A Apr
5
Electric
Pacific
900
1,200
130
2
5
23% Jan
(Cal)
3,300
116
32
31%
Pacific Finance Corp
158%
7% Jan
6% Jan
No par
No par
preferred
preferred—
41%
*14%
3%
5
10
Co——
Coast
24'A
*157%
15
3%
2d
29
5% '
*14
3%
250
28%
24 'A
159%
15
18%
I 41%.
116%
160 %
3%
3%
1st
16
,
*159
5
15
'■»
3%
Pacific
A
9%
18%
'A
160
*14
5%
5%
*14%
24
Pacific Amer Fisheries Inc
120
12'A
*44
*12%
116%
159'%
160
*158
*24
700
560
46%
9%
46%
41%
24%
9%
45
18%
18%
12
12'A
9%
9%
44
24%
*41
12
12%
9%
46%
*44
46
*12
9%
9%
9%
*9%
12%
12%
12%
*12
*44
.
No
——No par
Jun
4
40% Jun
3
13
6% July
22%
9%
Jun
21
Jan
Sep
8%
Jan
8%
Jan
29'A
Jan
52%
122
Oct
Oct
Jun
14%
Jan
Mar
86%
Jan
73% Mar
X99%
62
Jan
———100
85% Jan
2
107% July 20
preferred——
_100
preferred——————100
96% Jan
4
114'A July 20
79% Mar
111
Jan
109% Jan
4
129% July 15
99
Mar
123
Jan
115% Jun
4
122
111% Mar
116
26% Jan
2
Pub Ser El & Gas
Pullman Inc
pfd $5——No par
No par
Aug 18
40% July
1
20% July
28%
Oct
Nov
Volume
THE COMMERCIAL 8c FINANCIAL CHRONICLE
Number 4221
158
NEW YORK STOCK
LOW
AND
HIGH
Saturday
Monday
Tuesday
Oct. 9
Oct. li
Oct. 13
$
share
;
SALE
Oct. 13
STOCKS
I per share
Oct. 14
S per
share
15%
15%
share
15%
16%
15%
16%
*111%
112%
*111%
112 %
111
111%
*104
105
105%
105%
105%
*20
20%
14
>
20%
13%
21
*13%
105
13%
♦110
*13%
16%
20 %
*13 Va
'*13%
14
Range Since January 1
Lowest
';
Par
Oil
Pure
10,500
(The).
400
6%
5%
share
104% Feb
3
114 y8 July 22
100
92 V8 Jan
2
_No par
13% Jan
2
107% July 23
22 Va July 16
.10
10% Jan
4
14% July 14
2
Quaker State Oil Ref Corp.
share
per
19% Julyrl9
100
preferred
Purity Bakeries
100
14
per
14
conv
1,500
$
1942
Lowest
Jan
preferred
400
11
Tear
Highest
$ per share
.No par
20 Vi
20 %
Range for Previous
STOCK
Shares
104%
*103
*
YORK
EXCHANGE
110
110
105
NEW
the Week
share
15%
16
20
14
$ per
111
104 %
20%
<20
Oct. 15
$ per share
15%
Sales for
Fridav
Thursday
:
$ per
per
RECORD
PRICES
Wednesday
c
1549
Highest
$ per share
7
Apr
90% May
11%
Dec
106%
Dec
Jun
92%
Dec
9% Mar
14%
Nov
8% Mar
10%
Oct
80 Va
R
9%
9%
9%
*70
9%
9%
69%
69%
69%
8%
93%
9%
69%
7%
8%
8
92 %
93 %
93
*25%
26 %
8%
93%
93
9%
70%
8'/4
8Vb
10
.
70
70%
94
8 Va
,:>•
93
9%
9%
70
70
■•■,-'■
8 Va-
„
Radio
21,400
8%
6%
710
12% May
4
2% Mar
4
71 % Oct
2
46% Mar
3% Jan
2
10% Jun
1
100
preferred
conv
4% Jan
1
54 % Jan
7
21
2
99% July 14
29% Jun
7
par
.No par
Radto-KelthrOrpheum
10,500
93
.No
Corp of Amer
b $3.50 conv 1st preferred
1,000
59
Jan
■
*25%
26%
*25 %
27
13%
13%
13%
13
13 %
31%
31%
31
31
30%
30%
17%
17%
17
17 Va
Xl6%
16%
13%
26%
*25 %
*26
mvc
13%
13|VSi":
31
31%
31%
900
17%
17%
17%
1,100
33%
33%
200
27%
27%
33
*32%
33
*32%
33
33
*27
28
*27
28
*27
28
*27
:&l
33
28
■
3%
4
*3%
3%
3%
3%
81
.
*75
81
*75
70
*68
*3% >
81
*69
1,600
13
31
*16%
*32%
*75
70
•
•'
4
*75
70
81
72
71
.
72
12%
12%
12%
12%
*11%
12%
*11%
12%
*17%
18%
17%
17%
*17%
18%
*17%
18%
*17%
18%
100
16
16%
14%
16
15 Va
15 Va
15%
7,100
86
53%
*100Va
100%
*100Va
*81%
82%
7%
52%
8%
82%
*100%
...
100%
82
82
*86%
90
*86%
*62Va
64%
64
*62 %
63%
*62 %
>
Reo
120
*8%
7%
•>.'~
11%
12
11%
11%.
11%
11%
12
12%
90
91
91
91
90%
90 %
8%
28%
*36%
*13
13%
*13
10
*13%
13 %
32
5
h
*6%
42%
7%
42%
113
7%
5
8
7%
42%
32%
31%
31%
102%
102%
*102%
*38
40
*38
39%
*110%
*110%
*108
lll7/«
112
*108
112
li r%
%
2%
3
21%
21%
22
*2%
*110
111%
3
*2%
,
2
21%
31%
2%
100
21 »/a
%
21%
700
21%
17%
16%
17%
17%
14
14
13%
13%
14
14
14
14 %
700
65%
66 %
65%
64
64
64 V4
64 V4
120
9,200
17%
17%
13
71
e9Va
12%
11%
13
•69%
»
71
♦69%
6.5%
11%
*69%
9 Va
9%
9 Va
*9%
17
11%
11%
*69%
71
*9
9%
46
45%
45 %
45%
46
23%
23%
23%
23'%
23 V8
23%
*3%
3%
3%
3%
3%
3%
*25%
25%
*43
25
25%
24
24%
♦lVa
1%
*1%
1%
24%
24%
24%
24%
24%
11%
11%
11%
11%
>\11%
11%
40%
40%
39%
39%
39
39%
19%
19%
19%
19 Va
19
19
1% v.
12%
12%
12%
71
71
9%
9%
47
23 %
■•*3%
4
24%
*
1 Va
25
xll%
39
19
25%
1,800
26
11%
11%
11%
39%
39%
570
22%
23 V4
19
30
♦22%
22%
22%
29
28%
28%
•28%
29
*29
29 Va
29%
31%
23%
♦22%
23
23%
*22%
23%
*22 %
23 %
23 V4
23 V4
400
13%
13
13 %
13%
13%
13%
15,500
22%
29
*23
13%
4
*25
26
*25%
*27%
27%
3%
*3%
3%
*142
143
237/e
26
27%
27%
143
*142
24
24
23%
13
3%
*25
27%
142
23%
13'/a
3%
13
3%
*25%
26
27%
27%
24 Va
24
•
14%
14%
14%
14%
14%
14%
800
25%
25%
25%
25%
26%
20,300
21%
22%
22%
22%
22%
23
*4%
*5%
*53
4%
4%
67
*53
30%
30%
25%
6%
*5%
6
67
*30%
4%
.
30%
25 %
25%
25%
*37
38%
*37%
38
*60
61
*60
61
41%
41%
41%
51%
50 %
50 Va
4%
4%
4%
6%
*5%
*5%
53
30%
25%
25
*37
6%
6%
7
6%
58%
59
57%
39
37%
38
38 %
112
*110%
112
*110%
64%
*63
♦115%
26%
64%
*63
116%
*114
116
26%
26%
26%
*30%
37%
58%
*110%
30%
25
6%
61
60
7
7
58%
38%
112
62
116
26%
57%
37%
*110%
63
*114
4%
61
*113%
26%
26%
4%
6%
60
37%
*60
58%
*38
,53
42
*50 %
*5%
V
32
4%
1,200
10
2,000
6%
60
10
*30%
25%
32
200
25%
26
5,300
37%
36%
37
300
60
60
80
7
4,700
58
340
7
6%
58
58
37%
*37%
112
*110%
61
114'%
*111
114%
*111
1
IV,
*1
1%
1
3
2%
2"%
2%
2%
2%
63%
2%
114%
600
___
400
115 %
25%
1
*2%
112
63%
26%
*111
37%
*113%
115 Vi
1%
114%
42
51%
5,900
60
*1
111%
*53
Va
*111
*1
2%
27%
114 v4
6,500
—
1 Va
1,300
,2%
700
*30
31
30
30 %
29%
29%
29%
29%
31
31
1,000
*34%
35
33%
34%
32%
33%
33 %
34%
34%
35
3,400
37%
37%
37%
37%
37 Va
37%
37%
37%
37%
37%
6,100
34%
34%
34%
34%
34
34%
34
34%
33%
34%
7,000
56%
57%
56%
57%
56%
57
56%
57%
57 V4
58
16,100
41
900
41%
40%
41%
41%
41%
40%
6%
6%
6%
6%
6%
6 Vi
6%
6%
*29%
29%
29%
29%
62%
63%
63%
63%
*41
*41
41%
10
25 % Jan
2
32% Jun
34% Feb
4
39% July 21
12% Sep
9
*29
63%
29%
64
*29
63 V4
♦29
29%
200
63%
64
64%
1,700
11%
11%
11%
11%
11%
11%
11%
11%
10%
10%
10%
10%
10%
10%
10%
10%
16%
16%
16%
*16 '/a
16%
16 V4
16%
8%
8%
8%
8%
8%
11%
*57%
128%
6%
9
11%
11%
57%
58
128%
*128%
11 %
57%
130
11V,
57 %
129
3%
6 Va
*69
6%
6%
6%
18%
*18
18%
18%
3%
3%
3%
3%
69 %
70%
*69%
70
*
18
11%
57%
129
11%
58
128%
6%
14
Sep
7
12
5% Jan
2
9
par
J
20 Va Jan
par
43
71
6%
6%
18%
400
3%
3%
3,200
70%
*69%
71
25%
24%
25%
24%
24%
25 %
*25 Va
26%
*28%
29%
*28%
29%
*28%
29
*28 Va
29%
10%
*9%
10%
*9%
10
%
*9%
io %
*28%
*9%
29
*10
26%
26%
26%
26%
26%
26%
26%
26%
For footnoes
see
page
1551.
24%
10 %
26%
3,700
500
700
—
—
2,800
16
Feb
7
7
28
Oct
1
6
18% Jun
28
Jan
4
50 Va Aug
2
36% Mar 30
9
Jan
21%
Dec
May
13%
Nov
34 Va May
47 Va
Nov
23
May
34%
Jan
sa
Jan
6
1% Mar
1
A
Jan
A
Nov
% Jan
2
3 Va Mar
1
Va
Jan
1 Va
a
Sep
Sep
Sep
4
Jan
16
9
6
Sep
8
13
35
Jan
2
Jan
Mar
8
5
Jan
47% July 24
Sep 17
7
104
114
105 Va Jan
Sep
19% Jan
29%
37% Apr
12
x9%
12%
19
96
Jan
15
38
Jan
9
43
Feo
1
111
4
107% Jan 23
115
Feb
16
112
Mar 23
107% July 24
May
7%
10
78
Apr
44
Jan
Jun
12 % Mar 26
11
7
Mar 11
110
Jan
Dec
19%
Jan
Apr
21%
Dec
May
98
Oct
Apr
39
Dec
109 Va Aug
106Va Jan
116
Jan
25%
113%
Dec
Jan
2
2
Mar
1
Va
Jun
•ft
% Jan
2
4% Mar
1
% Dec
lVa
Feb
Sep
No par
16 % Jan
4
par
33
Jan
8
59% Jan
12
10 Va Jan
13
2
26% Jun
•
I
4% Jun
90
10 Va
10
Sep
Dec
17 Va
25
Dec
3% Mar
43% May
4Va Jan
20
18% Sep
Apr
1%
1
62 Va
Nov
Dec
Nov
Jan
No par
8% Jan
20
16% May
64% Jan
7
73 Va May
5% Jan
8
10% Jun
31 Va Jan
4
49
Oct
15
17% Jan
14
29
Jun
30
5
2% Jan
5
5
Apr
7
16 Va Jan
2
28
10
1
No par
21
No par
10% May 21
28 Va Jan 11
Petroleum-,
Skelly Oil Co
$1.20
Steel
Iron—20
&
Corona Type
&
2
15% July 15
2
132
10% Jan 13
(The)
5%
prior
&
No par
Webster
Class A pfd
Sunshine
(The)
1
No par
(4%%
Mining
Co
cum)
100
10c
Superheater Co (The)—;—No par
Superior Oil Corp
1
Superior Oil of Calif—-—;
25
Superior Steel Corp
100
Sutherland Paper Co
10
Sweets Co of Amer (The)
.12 Va
Swift & Co
25
28% July 26
30% Sep
8
149% July
25
6
Apr
6
14% Sep
11
15 Va
14
17% Jun
122% Nov
Jun
15%
.
Dec
2%
Apr
Nov
10%
1% Mar
Jan
26%
Jan
144%
Jan
14% Apa»
9% Apr
21 Va
Nov
Jan
18 Va
Nov
18%
Feb
35% Jan
9
49% May
Oct
12
Apr
5
5
39
42Va Jan
34% Jan
50% Mar
2% Jan
;
'
12 Va
Jun
12% May
23% Jun
6
6 Va Jun
30
6
6% Sep
18
4
57 Va Sep
14
2% Jan
33
Jan
Jan
Corp
6
10
3
preferred
20% Jan
5
9
1
Apr
15% July
9
Apr
6Va Mar
7
5
2
10
5
1
20
5
10
30% Apr
18
No par
;
o7t
30% May
Jan
L S
30%
2
57
Sterling Drug Inc
i
7
32% Jan
2
Apr
15% Jan
"24% Jan
—
19%
15% Jan
-1
Standard Steel Spring
Co
39 Va July 16
25 % Jun
preferred—No par
Square D Co—
1
5% conv preferred.
100
Squibb (E R) & Sons—
No par
$5 pref series A
No par
Standard Brands, Inc
Notpar
$4.50 preferred
No par
Standard Gas & El Co
No par
$4 preferred
No par
$6 cum prior preferred
No par
$7 cum prior preferred
No par
Standard Oil of Calif
No par
Standard Oil of Indiana
25
Standard Oil of New Jersey
25
Standard Oil of Ohio
25
Starrett
22
2
$4.50
Conv
45 % Sep
24 Va July 19
No par
No par
Spiegel Inc
Dec
Nov
23% July 20
21% Jan
Sperry Corp (The)
Splcer Mfg Co
$3 conv preferred A
Dec
1%
X13 Va Juiy 14
7
r-No par
No par
Spencer Kellogg & Sons
Jan
27
2
No par
1
Sparks Wlthington
Spear & Co
$5.50 preferred
Dec
4%
20% Aug
10 Ve Jan
Southern California Edison-;——25
Southern Natural Gas Co
-7.50
Southern Pacific Co
No par
Southern Railway
No par
'
5% preferred
100
Mobile & Ohio stk tr ctfs
100
Aug
18%
18
15% Jan
Southeastern Greyhound
35
Jun
July 13
15
Socony Vacuum Oil Co Inc
2 Va
Dec
Nov
7% Nov
17
1% Feb
27
9%
66
11% May
% Apr
May 29
22% Aug 16
19
Jan 19
10
t c—No par
v
July 15
Jan
18 Va Aug
,
No par
preferred
Smith (A O) Corp—
Smith
15
..
Sloss-Sheffield
Apr
Apr
30% May
10 Va Apr
No par
Co
4%
64%
4 % Mar
No par
Pen
Sinclair Oil Corp
J
5
8
11
15
(W A)
Sun Oil Co
18%
Nov
11%
Studebaker Corp
6%
Nov
6%
10%
1,200
3%
9
9%
Jan
60
5,300
18%
Apr
Apr
3%
Apr
11%
6%
6%
6%
8
Dec
58%
3%
Jan
8
Stone
*69%
3%
Jan
54
Apr
31% Nov
62
2,900
*18%
18
Oct
27'/a
*20
100
Stokely Bros & Co Inc
*128%
5%
6
Stewart-Warner
110
3% Mar
17% July
500
130
Jan
Jan
73% July 26
3,600
11%
Jan
8%
7c
2,000
58%
74
>85%
4
16%
11%
;
Apr
75 Va
Jan
11%
58%
Oct
Jan
12
128%
Jan
7%
129% Mar
4
28 % Jan
—No par
No par
16 %
9
■
<
Jan
18
11% Jan
5
11
8%
.
May
6% May
July 19
17% May
9% May
No par
1
11%
*
*25%
26%
7,300
29%
*16%
8%
6%
2
8
26
66
1% Apr
1% Nov
July
Apr
24
Nov
35 % Mar 15
Dec
31%
44% July 24
30
Sep
37
Mar
60
49
Mar
60
Jan
31% Oct
Sep
2
20
8 % Sep
64
42
109
Jan
49
Jan
113
Feb
22
Sep 13
July 14
116% July 13
2%
Sep
Sep
4Va
Jan
45%
Jan
27%
Jun
38%
Jan
108
Dec
40%
Apr
117
Aug 20
109 Va
Aug
89% May
110
13
A
1% Jan
6% Mar
13
%
Jan
33% Sep
10 % Jan
38% Sep
12
2
6% Oct
4
25
Jan
7
2
58% July 30
7Va Jan
4% Jan
12
2
16 % Oct
11
5% Jan
2
11%
Jan
18
6
Apr
13%
Jan
8
18
Mar
38% July 14
20
60
May
21
45 Va May 26
Sep
9% May
Dec
40
Nov
22%
Dec
34%
Jan
42
Apr
62
Dec
May
14% Jun
14
xl7
1
7
July 12
Sep
10% May
5Va
Jan
3Va Mar
29
7
4
Apr
5
3% Jan
43
Apr
116% Apr
3% May
Sep
29
1
May 28
4% May 10
14% Jan 20
Dec
Dec
47
66
22
23
29%
29
5
82
May
7
23
July 24
32 % July
26% Jan
4
33
4% Feb
1
2
12 Va Jun
5
27% Jun
2
22% Jan
Apr
30% Apr
25% Apr
Ost
31 Va Mar 31
7% Apr
3% Jan
1% Jan
68% Feb
Oct
21
13% Jun
12% Jan
Jan
%
2Va
130
Apr
Jan
Apr
6% May
63 % Mar 30
5% Jan
48% Jan
122
Jan
Sep
40
28% Jan
46 Va Jan
49 Va
14
115% July 30
2 % Mar
28 Va Jan
Feb
113
A Jan
37 Va Jan
114
July 31
28% Sep
Jan
29%
70
25
Sep 27
7
100% Jan
Feb
59
Jan
17
Aug
3%
Dec
17%
21%
33
9
3
31
35 Va Jan
"
6%
1
10
2
2,000
25
40%
11% July 13
5'/a Jan
21 Va Jan
23%
14%
*50%
93% Jun
2
15
22%
41%
15% July 19
lb
Jan
26
52
2
Jan
2
14%
41
7% Jan
80
20 Va Jan
21%
*51
54
27%
25%
43
20
11
22%
52
Feb
16% Jan
26
*50%
70
Lines——5
South Porto Rico Sugar——No par
8 % preferred
100
22 %
>41%
15
Dec
86%
Jun
62% Sep
200
23%
5%
19
78% July
26
20
4%
7
18
Deo
Nov
100% Mar
Deo
Feb
2% Jan
143
9% Apr
70
6
98
1
25%
•1414%
6
South Am Gold & Platinum
*141
86% Apr
6
9
700
1,200
10% Apr
Sep
27%
J
143
24
5% Jan
85
4
4
26
*141
142
4
25%
3%
27%
700
Jun
Slmonds Saw & Steel
1,600
18%
Sep
*94%
73 Va Jan
No par
Simmons Co
16,500
*22%
13%
101 Va May 24
Jan
No
Shell Union Oil
1,500
19%
71%
Jun
20% July 14
6
Feb
9
tSimms
*1 Va
25%
2%
2
Dec
49
Jan
Jan
14
Dec
7%
Mar
38%
95 Va Jan
'
No par
Silver King Coalition Mines
1%
1%
*55
Nov
$3.50 conv pref ser A——No par
(Frank G)
No par
800
25%
39 Va
2
85
July 19
59% Jun 12
No par
Sharpe & Dohme
2,800
3%
23 %
4
4
4% Jan
19% Jun
Sep
3%
54
Sheaffer
23 %
*22%
69 Va Jan
42 Va Jan
Shattuck
25%
25
Dec
5
5
100
$5 conv preferred
260
49
13
No par
—100
preferred
200
3%
'
7Va May
20
100
Sharon Steel Corp
100
9%
23
47
23
V
17%
71
46 Vi
*24%
*1%
17%
5
Jan
100
Corp
Sears Roebuck & Co
Servel Inc
3,609
14%
67
17%
Dec
10
Seagrave
300
*66
16
23%
100
4-2%
5,200
*14
10% Mar
May
1% Jan
100
500
2%
6
May
7% Jan
Francisco
preferred
Seaboard Oil Co of Del
83%
20
.No
$4 preferred—
tSeaboard Air Line
3,800
*2%
83 Va
2
%
2
83%
2%
82%
2%
111%
.%
2
4
9
preferred
$4.50
112
*110
%
.
ltya Jan
.No
(The)
5 % % preferred
Scott Paper Co
700
2'/a
21%
83 Va
3,300
38
111%
%
*2
82%
31%
103
38
*110%
Co
preferredSafeway Stores
5% preferred
Savage Arms Corp
Schenley Distillers Corp
260
31%
22
Dec
par
5%
1,800
103
Apr
6
par
ISt Louis Southwestern
2,500
41
*110
21%
%
7%
103
112
2
83%
83 Va
83%
>V
44
112 Vi
7%
86% July 27
13% Sep 20
11
5
Antelope Copper Mines
Louis-San
6%
140
112%
'
tSt
240
*43 V2
<
8
*110%
%
%
2
1%
:
83
112
5
8
Jan
No
St Joseph Lead
900
8
Jan
6
.No
;
__
Rustless Iron & Steel Corp__
1,500
♦3%
43
*38
39%
♦HO7/,
%
%
*1%
22
*38
lit
1 Va
>
..
Co
Oil Corp
$2.50 conv preferred
> 7%
112 Va
31%
103 y4
♦Va
>> lVa
20
1
Tob class B
Company
Ruberoid
1,000
33
32%
V ;;.
5
7%
103
31%
1,300
6%
42%
112%
8
104
32%
400
14%
Va
6 %
*103
32%
26%
48%
1
113%
42%
113
Roan
14
*26
32%
*3%
6%
Ritter
20
70
1
.
Mfg
Richfield
••■■
*47
%
1
1
*6%
43
112%
7%
*32
%
:
5
8
113%
42%
*113
%
1
5Va
-c
8 %
32%
32%
Va
1 Va
500
14%
*47
Rheem
2.900
14
Nov
Jan
100
Common
100
13 Va
28%
39
No par
Spring"
Reynolds (R J)
10
23% May
5
12
30
Feb
Nov
11
100
„
preferred
conv
1,200
48%
27%
13%
48%
5%%
3,900
8%
Dec
15%
29
,100
Reynolds Metals Co
37
*7
12
26%
Jun
1
preferred
28%
10
8
26%
27
14%
14%
*47
5%%
Reynolds
13 Va
13%
Jun
23% July
11% Apr
5% Apr
..No par
,
1,900
-*13%
>
10
*7
8
27 ■->
...;
14%
*1
6
*;■
♦6%
9%
13%
*7
48%
Va
»
9%
13%
7%
26
Aug 24
76 Va Sep
25
Inc
9 Va
>>36%
13%
*13 Va
9%
13%
26%
32
%
1
*4%
*13
8
*47
32%
%
••
37
Dec
8
100
.
RR-
conv
28%
28%
37
9%
14%
15
48%
1
28%
14
26%
*14%
*47
32%
28%
37%
Saratoga
9 Va
8%
8%
28%
*7
27
*26%
'1'
♦36%
9%
14
8%
V
37%
29
28%
37%
*7%
9
*8%
13 V4
28%
10
•
140
*36%
*13%
•
2,700
91
8%
22
14
preferred
6% conv prior pfd ser A__ —100
Revere Copper As Brass
.No par
100
7%
preferred
10
63 Va
&
Motors,
6%
1,400
88 Va
91
9%
Jan
66 % Jan
1
Republic Steel Corp
500
12
>
15%
100
.No
Preferred with warrants
•
600
91
12
91
Dec
par
10
(Robt) & Co 1st pfd__
Rensselaer
*62%
63%
*62 Va
7
22% Jan 22
Dec
54 %
3 Va Jan
Remington-Rand
13,400
83
•TVs
88%
7Va
7
20
Dec
Jun
100
Reliable Stores Corp
Reliance Mfg Co
—
*87 >
7%
7V8
86%
—
8%
83
26% Jan
15 Va Jun
Dec
3%
34%
22% May
5
34% Mar 30
Hosiery
150
17%
100
83
—
100%
17%
17%
100 Va
7 Va
90
53
8%
8%
16%
> 100 Va
>. 82%
v
■'
86
53
52%
*8%
8%
17
16%
*84
86
86%
7%
*86
•
*83%
52
17
100%
82%
>
85
52
8%
8Va
16%
17
*83%
53
53
8%
8%
17
85%
*83%
53%
Silk
Rels
200
*83
32
2
50
2d preferred
Real
30
12%
14%
7
6
14% Jan
50
,
Preferred
71
15
11% Jan
26% Jan
50
1st preferred
4%
100
;
*70
14%
Jan
25
$2 preferred
—,i
Reading Company
4 %
200
4
*3%
*75
81
.No par,,
1
5
59%
Apr
'
*12%
:v..
Raybestos Manhattan
Rayonler Inc
26|»
2
11% May
1
~9%
17%
Nov
4%
Jan
~6%
Nov
6% Nov
55%
128
Jan
Dec
5%
Jan
15%
Jan
Apr
1%
Jan
May
16%
Dec
Feb
26 V8
Dec
3 Va May
20
8%
Sep
4% AUg
25
Jan
1550
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, October 18, 1943
NEW YORK STOCK RECORD
AND HIGH
LOW
Saturday
Tuesday
Monday
Oct. 9
30%
30%
30%
$ per
30%
6
30%
30%.-
6
5%
;
$ per share
$ per share
31%
31 %
31'V
29
29%,
29%
30
6
6
6
5%
NEW
*
t\200
Range for Previous
STOCK,
Range Since January I
'
•
Lowest
-
»
-
29
S per
share
Jan
8
22% Feb
8
1
No
43/e Jan
2
Symington-GoulcL Corp———_
Year
Highest
par
_
Sylvania Elec Prod's Inc
v.
6,100
S per
Par
<
Swift International Ltd
10,200
.
612
YORK
EXCHANGE
Shares
31%
■
for
the Week
29%
28%
"i'
—
Sales
Oct. 15
31%
31
y—
—
Fridav
Oct. 14
S per share
:
—
6%
;
■
STOCKS
Thursday
Oct. 13
share
-
y
29%
28%
v.%
6
$ per
share
PRICES
Wednesday
Oct. 12
Oct. 11
$ per share
SALE
11)42
Lowest
share
Highest
per share
35 % Apr 22
35 % July
8
8 .'/a May 20
$ per share
19% Mar
29% NOV
15% Aug
3% Aug
25%
Dec
5%
Jan
'
x/y
*7
7%
*42
43
*4%
7%
■
4%
11
7%
''X:_
4%
48%
48%
5)4
36%
":J'w
111,4
4-,.^
514
36%
4%
11%
11
48
'
y.^'L'^'/X.
36%
1414
10
10
21%
21%
21
*12%
1214
50%
*50
*6
7
*92%
8%
9
*46%
47
*4%
5
;:v-V
95
481/2
48%
5%
"JC:'.
5%
37%
37V4
37%
15
14%
I51.8
37
•*
'
15 *
'
.
10
>'.10
12
12 r.
12
*50
—
;4:''
"•
•
-
{f-V? 'I'J /'''
95
9
•:'VT-.'
461/2
*4%
/'
y.
-
;^
•.
6%
*92 '/a
■
■■
.
8%
:
14%
*13%
14%
*30 %
30%
30%
30%
2%
2 %
13%
*13%
.'
100%
•"
;
—
13%
100%
28
27%
'2%
4514
46
46%
8%
8%
21
8%
3%
13
13
;
*82
3%
83%
82
■;
21%
22
21%
30%
30%
30%
100%
100%
*10014
6%
6%
6%
75%
76%
9%
9%
*75
9%
8%
8V2
8%
20'/a
20'2
101
3%
Apr
3%
Apr
37%
Oct
May
8%
Dec
4% .Apr
7% Jan
8%
Dec
28% July l 8
13 % Oct 15
51% Aug 19
2% Jan
52
Jan
3
No. par
1% Jan
30
101
21%
"
Transcont'l & West Air
1,400,
x73%
73'3
9%
9%
9%
914
54 '/a
54%
54%
54%
6%
2,600
*74
73%
9%
Dec
27%
Jan
17% July
ii Mar
Mar 18
10
Feb
1%
Nov
Jan
15%
Nov
Jun
8%
10%
t 8
4
15% July 14
103% May 26
85
Mar
97
Dec
14
34% Mar 31
22
May
34%
Jan
50
31% May
43%
Jan
Feb
Dec
_5
1514 Jan
27
7% May
18%
Dec
11% Jan
1% Jan
5
25% July
16% Apr
8
No par
6
8%
12% Mar
Inc
Film Corp
1
69
No
1.500
Under Elliott Fisher Co—'
No
8
■
7
7
.5
1
Oct
7%
71
Nov
7% Aug
Jan
19%
18
2% Nov
Jun
5% Jun
Jan
16
Oct
26% Nov
13
9% Jun
77% Jun
5
Jan
56%
.
34% July 14
101
1
4% Jan
1
May 25
Jan
% Mar.
•
9% May
4
24% July 15
614 Jan
No par
Union Bag & Paper
,
Union Carbide & Carb
Co
May
90
67
100
Twin
4%
6
4
12% Jan
2$
Jan
9914 Sep
par
1,000
8
Jan
6 % Jan
No" par
pnferredi—■:
Coach
Sep
9%
6%
7.%' preferred—
440;
:
,9Ta
3%
Jan
par
SI.50
2% July
5% Jun
4
'$4.50' prior pfd—No Par
Twin City Rapid Transit-—_No par
300.
■
•
34%
7
par
4.500.
101
6 '/a
•
Jan
Jan
5
1
b'%
Dec
4%
3%; Apr
July
Corp———No
20th Cen Fox
4.500
X
Mar
10% May
Truax-Traer
20;
:
Jun
3
52%
4
Tri-Continental Corp—,
$6 preferred——-—A'o
3.700
•
8%
42
6% Jan
———2
Transue & Williams St'L.
100
9% Jan
Nov
Jan
30
4
26% Jun
40% Jan 20
Transamerica Corp—i.
3.000
30%
101
b *4
75
26% Sep
3,600;
22
30
*10014 101
6%
94% Jan
No par
41
July 23
3
Timken Roller Bearing
100
.
24% Odt
Sep
2% May
4
33% Jun
1,100.'
e
3%
•
15
$4.50, conv.preferred—'-—No par
Timken Detroit Axle
10
84%:
8%
Jan
16
Jan
934 Jan 12
par
—10
Oct
May 27
6% May 24
X- 26% Feb
—Nt
July 12
49
par
Oil
5
34%
9% Sep 18
3314 Jan
.
Tide Water Associated
14
31/2
.*82
X
■
95
8% Jan
u—No
preferred-
cum
8
6
—25
Products
8
Jan
4'
10
Nov
2
5
_i
—
Dec
28
July 22
17Va Jan
No par
100
preferred—
Oct
Jan
42 %
Apr
6% July 14
1,780
21'%'
X'VX.
$3.50
30
NOV
4
9%
4114 July 13
614 Jan 12
35
Jan
5
-100
Thompson-Starrett Co
300.,
53% July 14
3.700
8%;X xx':
20%
21%
74%
-'J/'; '
1,500
/
28
461
8%
84%
29 7 s
VV'
Thompson
2
13% July 14
Thompson (J Ri__
700:'
2'1/
28
87a
21%
6
XX':
20%
46 Va
3%
*82
30%
101
76
10
xy/yxy: 3%
9
21%
i-.'Al
x
7% May
3% Jan
Avenue Transit Corp..No par
Third
,,x;yX"
30%
*12%
30
'
—-9.
400
100 Va'
,
14
21%
''
6%
*1253
84%
;
,J,
:
•
-
13% May 29
714 Jan
Co
conv
8
5% Nov
35
Apr
1% Mar
1
-
Apr
514 Mar 16
18
Preferred
S3 div
32
36% Oct
-
;
conv
Tfcermoid
;
100
.14
100%
20%
14
9
2.400
i
13%.
8%
3%
:
4
3
8% Jan
The Fair—-
:
13%
28 Va
:
200.
y
"X- S3.60
24
Apr
—10
Mfg Co—-No par
preferred—...No par
100.
4%:/
*2'/8
4614
*81%
Lu'"
•'
22
30 3 a
27%
46 V3
*12
Thatcher,
3,300
8%
*19%
y
100%
27%
X
82
*814
9
100%
8%
'
*8%
>
19%
.'
3%
3%
100%
461%
■;;
"
par
45
Oil
'
27%
; '
21
14
*12%
20%
214
13%
t
46 Va
•
30%
20%
*13%
46 %
8%
21
2%
20%
13%
100%
'V'v
2%
19%
Coal &
Texas Pacific Land Trust
5%'
XX *13
30%
30%
Producing—No
Pacific
Texas & Pacific Ry Co
4%:
.14
Texas
(The),
1.600
8%
4%
19%
"
'
—
•'
*13
Texas GWf Sulphur————-No par
2.800 X
95
*45
.
13%
'• *$■
"..
•
28
4514
301%
v
100 Va
28
14%
*30%
:[:'i
20%
13%
2%
45a
2.100
:
X;
■
13%
•'
46
41% Jan
1.800
'
50%
*92%
X 8%
*45'2
5
25
Texas Gulf
1.100
5%
95
8%
•
46
*4%
;V—
2%
20%
14
*20 %
100%
*
21 V4
«
:
46
••'— w
•
8% Jan
Texas Co
22
12%
'
6%
*92 >8
9
5
8% Jun
2
Jan
,
.10
50%
■
50%
*5%
95
8%
:
v!" :• L
5
*13%
10
2.1 34
'
*50
'
*46
X
10
12',4 % 12%/
:
50%
*5%
'•
:
Jan
3
4,800
37%
15 I'*
21%.
*20%
35
5
'
15
"'
6 %
8%
10
20%
5% Jan 23
_50
:
5%
5%
"X37%
—9
...
Telautograph Corp
Tennessee Corp——,
300
.
48%
'
•••
500
y -/:
11%
48 %
—
"L —i-
4%
*11
48 %
514
20%
*92i/a
11%
.5%
.•
.:::
50%
*5%
*11
43
*414
Talcott Inc (James)
5%% partic preferred—-
<N O O
734
*42
4%
48%
21
12
*50
X
•'XI1%
*6%
43
*4%
v
' '•
VNIM
,
15%
10%
7%
*42
41/4
*11
37'/4
15%
10%
7%
43
4%
i./V/«
51%
15%
7 %
*42
48%
5%
v
*71/8
v'-v
43
*42
I ®,t»
1
Jan
6
21% Jan
11% Jun .10
5 %
Nov
78% Nov
May
7%
Nov
U
*53
54
53
54
'X'-
9%
8%
9%
81%
81%
81%
*116%
116%
*116%
116%
*113
114
*112%
114
19%
19%
97
X
94%
94%
*105%
105%
25%
*24
*64
25
1%
34%
*24
34%
14
34
13%
14
*6%
6%
57%
56%.
__
114
97%
94%
94%
96%
27
27%
29%'
30%
29%
30
105
1051b
*104%
106
25
25%
•
1
—
.
*20%
y.
28%
71%
72%
2%
*24%
24%
24%
4%
4%
8%
95
,95
*15%
73%
16
*15%
73
73%.
16
.
73%
176%
8%
8%
8%
8%
*34%
*41%
36
33%
6
*5%'
16%
112%
6%
*112
112 %
*6%
9%
*9%
*32
*40
*37%
38
37%
52'/4
*71'%
y
X 42%
16
-X.
5%
*52%
*71%
72V
5214
52'%
122%
122%
122%
22 V4
217/8
52
42
34%
•47
49
3%
47
40
X''
vX-Xc-'-.
v
52 V
-
2%
42%
124
*71%
-X
:
—
53
7214
3%
2%
*3%
22 V
9%
32 Va
32 Vb
*39%
47
38
Xy;
38
1%
2%
1%
42%
4214
123
X:XX 53 %
72
52
52
124
16%
15%
4514
...
X'X-y.-
-
15%
3%
85 %
*15%
-
2%
85%
■.
y
2%
*4
4%
*33%
35
69%
4
*33%'
69%
*160
69 %
19%
*9%
34%'.
*19
10
34 %
X.:
*119%
123
*119%
.
4
"
15%
*3%
35
'
,
69%
*3314
69%
-
19%
9%
*35
2%
*84
*160
*19
-'
-%;yX
123
-
53%
72 V4
521s
124
X 'X:
53
14
73
52%
123
44%
45
*45
3%
2%
3%
27a
85
15% X
15%
15%
4%
35
6914
■
4
4
*33%
34%
x691/4
69%
*160
19
18%
3 V2
2%
*83
X;
16
16
691b.
*61
70
*61
24
43%
43%
*43%
43%
65
*58
63
XX
43%
*58
123
43%
*61
70
*61
70
*61
700
*23%
24
*23%
23%
*23%
24
3%
3%
3%
3%
3%
3%
-X
-
*
*102
314
.400
49%
50
600
120
50
43
*40%
42
*40%
42
39%
"39%
40%
*40%
*39 %
40
200
35%
*34%
35
35
35
500
106
*102
106
106
*143
*102
105
*102
*143
105
*143
*102
*143
Aug 23
Corp—
22
Apr
76% Sep
A
18
X
Apr
8%
Dec
Ndv
50
6%
Jan
Sep
8
25%
Jun
35
Feb
21
48%
Jun
72%
Jan
2% July 21
27
May 5
11%
19
Sep
Apr
16%
25
17
9% Mar 25
3414
11%
24%
7% Apr 26
7
Jan
114 Oct
7
99
Dec
Sep
34%
Apr
8
Dec
Jan
41
Apr
2%
19% Apr
Jan
6%
Jan
x42% July 14
Feb
174%
Apr
8
Dec
64
"/May:://
4%
Feb
5%
87
6% May
4014 May
159
Oct
4 la
:%
77% Apr?;
July 13
75
181% Apr
Sep
21b
;
Apr
2%
5% Apr
6
13% May 4
x97 % Sep 20
43% Sep
Oct
Dec
3%
114 Apr X
33% Aug
X 3% Mar
y
3
9% Jun / 5
35
Jan
July
4%
30
Feb
Jan
4% July
(
14%
Jan i
114
Oct
Jun
8 Vb July 19
9% Jun
10
22
May
\ 29%
42
15
44% Jun
26% May
20
Apr
% Aug
32%
13% May
27%
Dec
54 X-.: Mar
103%
Dec
51%
Jan
71
Jan
Jan
2
.5
Jan
8
4
.
6418 Jan
13
:
47% Jan
7
July
62
May-
73
Oct. 15
21% Jan
8
29
4
50% Aug
1% Jan
1
.
6
6
;
3% July 19
5
3
Oct
13
87
Oct
6
23
20% July
2
6% July
>;
4
Jan
55%
Mar
Jan
119%
% May
Jan
46%
Apr
Jan
24:
39% Mar
% Jan
Jan
1%
Oct
2
.
56
par
Apr
% May
107% Jun
15%
14% Jan
—5
1
44
5
Dec
30% Aug
Dec
58
July 19
Apr
»
37% Apr
7
59% July 15
42% Jan
i.
20
129% July 23
125
Jan
9
2
3% May 10
46% Sep
8
112
_25
—„
July
B2
Oct
20
Jan
Dec
37;% May 25
Jan
No
Jan
X
Oct
58%
13
ft Jan
No par
Stovkydrds Corp.:
15 Vi Sep
May
U
29
113
13
46
—
104% Mar
-
29% Jan
25% Jan
100
U S Tobacco Co——a—
7 % preferred
Dec
17
.
32
2
No par
.
Jan
20%
Apr
7% Apr
9% Mar
29% Jan
101
i.„50
;x
;
.7
—100
preferred
4
42%
Van Raalte Co Inc
7 %
1st
Sep
9
July
9
59% Jan
preferred-'
6%
7
11
115
100
-5
par
100
No par
pfd—100
„25
25
-
Detinning Co_
Maris
40% May 26
51
100
__
preferred—
4
8% Jan
25% Jan
5
„
Virginian Ry Co_:
Vulcan
J5% Jan
5
100
-
Coke 5%
12
2.50
__
6% div partic preferred
Va'El & Pow $6 pref__
Coal &
15
Jan
150
No par
—
*
Va Iron
*143
33
100
Victor Chemical Works—
Va-Carolina Chemical —No
119%
*35
9
16
Jan
.6% Oct
—.50
100
120
35%
1st preferred—:—
Smelting Ref & Min
Vicks Shreve & Pac Rv
5% preferred—l—
'
49%
*35
108
—10
—
Vick Chemical Co
*118%
35%
8
6
10
30O
49
35%
8 %
Jan
1
Vanadium Corp of Am
Van Norman Mach Tool-'
Tf—
120
39 %
preferred-—^-_;;—i_100
par
1$0G,.
*118%
39%
par
Jan
4
13% Jan
par
No
Plywood Corp
————1
Realty & Impt_————No par
8%
1,200
i
120
39%
•
No
4
30
par
2
—4.
Steel Corp—— 1
Laboratories Inc
_1
Preferred -V—
—Nq par
Universal Leaf Tob
__i„No
-
49 %
40 %
17
Universal-Cyclops
300
iVy
*118%
*39%
39% Jun
Universal
fv
50
*41%
Prior.
United
500
120
49 %
17
50
United Stores class A—
$6 conv preferred——:
1,100
70
23%
3%
49
5% Jan
Preferred
300
63
70
23%
49 %
5
ci A——
conv
Preferred
12,000
.
19%
9%
*119%
19
Chemical___No
Leather Co
U S Steel
1,300.
v;.
35'%
123
29
Jan
104%
89
%
Apr
1
34% May
12
July
(
Oct
60%
Dec
15% Nov
'
9%
*119%
8
Jan
173
preferred—
Industrial
S
U S
1.900
414
35 %
*119% 123
43%
'■
16.100
34%
9%
*23%
42%
S
conv
U S Rubber Co
700
'
*314
1914
9% Jan
59
—100
—
—,
900,
3%
2%
*160
19
.No par
20
—
Lines Co__—
Preferred
1.200
85%
35 %
*60
*41%
■
100
*331/4
69'A
2
U S
46
85
84% Jan
U S
X
21%.
9%
65
X
:
*21%
2%
6
U S
11,200
531/4
21%
314
4
4% Jan
500
124
21-%
85%
6
3% Jan
U S Pipe &
Foundry--——-20
U S Playing Card Co
———10
•
73 .C.X
124
16% Jan
100;
53%
35%
*60
50
.'
9%
65
*118%
U
U
900
2
35%
44
3%
5%%
X Partic &
•
300
43%'
9%
*60
3%
Freight Co
Gypsum Co
7% preferred—
1
10
No par
No par
.
>.
U S Hoffman Mach Corp-
20-
X
124%
124
& .Manu
Paperboard
3.600
381b-
35%
36
*43 %
43%
Inc;
v
"
45%
*160
18%
9%
2214
38%,
42%
124
21%
■
—.
3%
2%
86
16
•
6.300.
X
4
12
2% Jun
.
700
yyxX;
9%
66
ex-distribtion_
United
600
2,400:
4014
*91a
9
4
9
U S
32%
40%
51%
'X-■X'' X' y
__
X".
*9%
4
5% Jan
Jan
2% May 10
7
60% Mar
Feb
16
7% Jan
26% Jan
Feb
30
y36%
3
2% Jan
5
81%
37
33% Jan
5
.No
Jun
21% Aug
23% Jun
3
Dec
74%
15.
Nov
v i
35% Sep
Jan
16%
85%
69% Jun
Jun
108
Jan
11
X26
113% Nov
May
Jun
„1
Cos
U S
•
6%
2
5
pur
70
'
113%
6 lb
..
32%
12314
'
XX'X-X
6%
Coal
300'
-X
n Jan
17% Jan
United'Mer
X
1.100
X: X;/Xy-yy70Xv
5%
i
.;I
—
Oo__
1.500*
16%
X *112
113%
*39
37%»
2 la
52%
'
■—
123
,
124
-
-
■
41%
.
*85%
5%
16%
par
—5 X'
—
U S & Foreign Secur.
$6 1st preferred..
;
34%
''
*22
8%
8%
42
5% -
61a
32%
40
37%
,
;
.
53 V
7214 'XX
Xy/x
16%
8
*112
9%
32%
■
-'X'y-x..
x
.
125
5314
*177%
7
Jan
Dec
63%
33% July
8
22 % May 12
114
Dec
9%
May y
-10
May 27
114% Jun
83
100% Mar
102 % July 16'
96% Oct
46
Apr
108
Apr 29
May 5
22% July ,14
100
250
■
i.
33%
5%
16 1
638
y
X
124%
8%
74
179
18% Jan
i
United Gas Improv't
600
X
15% XX
Vb
16
Engineering & Fdy
1.200
95
*72%
/
Fruit
X
42
x33%
X.
113%
>9%
■
—
y
•
125%
*83a
1614
614
•:
2%
43
15
73%
179
*41%
34
VV
113%
■
.XXX%-.
£
37%
2%
2%
43%
8%
34
15%
72 3 a
178
42
95
55% Jan
;.
United
400
8
No par
Co.;
Electric
Jan
par
..No
UniLed
■
40%
*
8%
5%'
32%
42
*15%
-
73
42
95
'
9%
9%
32
2 Va
15%
95
178
-
L/ Xy —
32
43 Va
9%
95
United
16
2
..No
Drug
4%'
4
93% Jan
17% Jan 20
5
109% Jan
Dyewood Corp
X
4%
9
40
—No par
Co„
Preferred
■
17,100
24%
24%
9
Xy y X
Carbon
6.200
3%
72%
■
6%
*40
24
preferred—
United
900
V
28 % Mar 30
6
par
——100
United
;
2%'-
8
25% Jan
—100
3,100/
9
*15%
■
XX- X X
114
Vv 6%
2%
24% Jan
$3 preferred—
20
/
74%
6
Transport—
4,400
8%
74
2%
* V
3%
:
16%
8%
'7
4%
*175%
'
—"
.
u—■
•
8%
*941%
"•X"'-'
r%X;X:
LX'/X :--:x.-:rx
34%
*23%
-
:
*3%
XX'.;.X
-
2%
7
X'
8%
73%
-
Lines
200
8%
—
6%
16%
*5%
125'%
23%
Xv..
72 31
14,200
28%
'/ ./■■ ■
-
5 %
.
16.600.
141 :
57% y:
x.
79% Jan
5
Unlted-Carr Fast Corp
United Corporation
13 7ft
*56
2
Air
100
'•
80% Jan
.
Biscuit. Co———No
United
'
;_100
preferred
conv
300
1%
114
United
20
35%
xll8
8
United
300.
28%
yyiX
6%
8%
72%
2'/a.
24
J
X
'
57
5%
500
7.400
64%
1%
5
2
100
.
28% Jan
7Va Sep
58
26
86% May 27
Jan
—
26
•
113
July, 2
11% Feb
X
15% Jan
United Aircraft Corp—
'
13
59
2
Jan
.No par
preferred-
Union Tank Car
10,100.
114
35
*13%
28%
72
—
L/XX
42
42
rl6 %
*27%
XX;
■
.
--
176%
42
28 %
13%
6%
-'—■.■:X'.
176%
*27%
XX
4%
18
Jan
105% Jan
—25
Union Pacific RR Co——L—
-
800
:
21
64 yx;.
114
35sa
8'/2
<4-
x
i'-X-XX
95
176%
1%
34%
13%
2%
9%
95
%
*56%
-
y
X-X
26 ® a
*25
34%
6%
X-.-:
--
4%
9%
25
1
56%
2%
24%
25
/xy
800
Jan
8
79
par
Union Oil of California
1,800
105%;
25
*20%
64%
56%
-
30%
114
—-,-X-v.,,-8%
*27%
9%
21%
647 n
..
8%
*3%
26%
"*61/4
Xy
"?•*-
27
10514
25 7 r
25
13%
—
6%'
26%
X
96%
30
*20%
':
1.800-
98%
42
—No par
Union El Co of Mo $5 pfd—.No par
Preferred $4.50 series
_No par
XX
20
96
yyX'
>27%.'
64%
33%
56%
2%
v
;-A
20%
98
*114
1%
.,
*27
21
*24
-
-
-X '
■'
14%
X
*114
__
20
973.t
34%
73 %
28 %
.
20%
94%
v-
--
1%
20
97%
*64
2%
28 %
73
•
*11314
-
XX X
-
25
8 %
8%
8
116%«
114
20%
97%
——
6%
*56%
*116%
*113
66
1%
1%
116'a
114
,
—
;
-
26
66
6X100
5.200
*116%
113%
—
—•'i'
*114
*64%
9%
81%
116%
'XX/—
__
21
*114
91a
80'b
81%
20
x t
30%
21
9%
V
54%'
811s
•
105%
21%
54
81%
4
_
27%
30 %
26%
25%
*21
—
94%
27%
106
9
'80%
.
97 3a
30%
30%
9
'
28%
*27%
__
9
*116%
—
20%
97%
94%
'-
—
X.—"Xy;
20
97
XX.
■—
y.'Xy;,
—
81%
9
*
Jan
22
57
Feb
15
22% July 31
2% Jan
4
Jan
5
39
116
Jan 15
20% Jan 14
Jan
14
29% Jan
2
27
41 % July 16
75 % July
162
Sep
7
41
May
13
142
Apr
25% July 15
12% Feb
25
36% July 14
118
Jun 12
44% Oct
6
65
Aug 28
67% May 6
2614 Feb 15
6% July 1
68% July 1
xl23
45
Aug 30
Oct
1
x39% Sep
35% Sep
61
14% Jun
y
7%
19
112%
30
50
55
11% Mar
26
24
26
70
Jun
120 /"Mar
Apr
May
Dec-
116% July
42
Dec
May
July
Sep
22
8
Dec
20% Jan
Jun
Mar
Jan.-
18% May
1
Jan
22% Jan
110% May
14
Jan
Oct
152%
55
.
Jan
60
-
Nov
25% Jan
2% Oct
40% Oct
117% Dec
21% Nov
31% Jan
29% Oct
,100
Jan
8
110
—100
Preferred
80
113
Jan
26
148
Aug 18
Jun 15
100
24% Jan
4
38
July 23
Jan
7% Jan
20% Jan
5
2
Ilia May 29
21% July
6% Mar
30%
par
7%
Nov
28 Va July 15
16
Apr
20 %
Nov
Feb
10
97%
Jun
102%
Oct
96% Mar
138
Jan
W
36%
36%
36
36%
36
36
36
10 V2
10%
10%
10%
*10%
10%
10%
10%
27
27
27
27Va
*26 lb
27
27
27
%05
108
For
*105
footnotes
see
'/
1071b
page
35%
*105
1551.
106
*105
107
36
*10%
27
*105
36 Va
10%
27
107%
1.500
700;
1,100
Wabash
RR
4%%'
Waldorf System
Walgreen Co_„
4%%
preferred
preferred
-
;
No
....No
par
100
103
109
Jun
10
Volume
Number 4221
158
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK
LOW
AND HIGH SALE
Monday
Saturday
Oct. 9
Oct. 11
f per share
$
Tuesday
per share
$
per
STOCKS
Thursday
Oct. 13
short
RECORD
PRICES
Wednesday
Oct. 18
,
Friday
Oct. 14
$ per share
Sales
Oct. 15
$ per share
for
NEW YORK
the Week
3 per ,share
'
1551
A
-
,
_
Range for Previous
STOCK
Range Since January 1
Lowest
Highest
EXCHANGE
'
Shares
A
.
AAA
•
Par
g per share
'
7%
7%
49%
49 %
16%
:*io
'
17%
*
7%
7%
49
7%
49
16%
10
7%
49
16%
10%
10
48j/4
17
*16%
10%
7%
10
*48
A
7%
%
49
7%
49
16%
10%
16%
*10
*1%
2
*1%
50
48
47%
47 y8
48
48
48%
48%
12%
12%
12 Va
12%
12%
12%
12%
12%
23%
22%
22%
*22%
23%
*22%
24
'
*22%
22%
*22%
22%
22'A
22 Vi
X22
22
*22%
*22
*15
15%
15
*24
24 %
1%
*24
■"
15
fl3A,
2
1%
15
24
1%
14%
24
*23%
*14f3A
24%
6%
aVs
6%
6%
15
6%
*22%
23%
*22%
;23%
22%
22%
23'A
75%
76%
75'/a
75%
*75%
14%
A
.
14%
*80
14%
,
14%
14
14%
•
500
■,.A;
23%
*23
*75%
1
14%
14%
15 m
81%
81%
82
82
81%
82
82
97%
98'A
98%
99
99
98%
87%
87
87%
86%
87%
87
'
98%
87
87
15%
*109
*116%
*15%
;
*109
109Y8
*7%
8%
38%
38%
27%
*3%
3%
20%
15%
27%
28
*3%
3%
19%
28
28
•;
*3%
3%
8%
19%
*7%
41%
19%
19%
.
19%
5
22% Oct
par
"
95
*94%
94
93%
126%
*125%
*34%
35%
*34%
*25
25%
.
*109
94%
95
94%
126%
*125%
126%
34%
34 %
*34%
34%
13%
Jun
12
Jan
14
Oct
26
11%
Jan
18
Nov
par
2% Jan
8
3
July
26 % July
1% Jan
15
May
59 % May
'8%
Jan
4
77
25
*25
25
25%
25
*25%
109%
109%
109%
109%
*109%
110%
59%
*58%
59%
*58 Va
59%
*58%
59%
95
*95
96
*95
*96
21
*20%
21
95
65%
•
65%
18%
18%
8
6%
* 25
26
.
.
66'A
*66%
67%
*18
20
85
99
preferred——
100
Power
4%/A pfd
100
Maryland
2
Jan
8
11% Jan
5
16
Jan
5
110
19
jan
2
97
21%
66%
66%
60
19
19%
*18
19%
19 = 8
19%
*18
19%
20
100:
•
20
'2,700
7%
8
7%
7%
7%
7%
1,600
*5%
6
5%
6
6
6
74%
73
74%
26%
25
25
5%
5%
*73
25
5%
5%
6'A
5%
6%
12%
12 %
12 J%
8%
12%
8 %
8%
7%
8 %
A
85%
85%
85%
85%
8%
85%
85%
*10%
11%
11
11
,
:
5%
6
;;
12%
8%
6
11%
*11
6%
5,400
11%
i
'.
i
*117
—
conv
37%
37%
*19
*98
*
50%
52
92
*
69%
37%
22
36%
115
*21%
37%
A
22
36%
1300
.15% Jan
4
19%
19%
*110
37%
7,000
20%
102%
20
115
1,700
AA; '
*110
*99%
48%
*101
102%
115
102%
48%
59
69%
*48%
49%
*48%
49%
*50%
51%
*50%
52
*50%
51
92
*90
91%
*90
70
*68%
70
*68%
70
.
,
^
Tan
30
Oct
19%
Feb
83
13% May
Dec
2
100
July
1
5
136
Jun
3
109
Apr
Aug
40
July
9
23
Apr
32%
Deo
29% May 5
112% Jun 23
22
Mar
31 Va
Jan
No
Jan
24% Aug 19
106% Jan 15
par
100
52
Mar 13
60
Apr
—100
85
Jan
9
97
18
Jan
2
24% July 22
71% July 14
21% July 20
63%
58% Jan
15
Jan
13% Jan
'
5
14
2
3% Jan
,1
20
42%
-Af
Oct
Dec
50
Apr
July
80
93
Jan
17%
Dec
27%
58%
A
Dec
69 V2
Jan
A12% July
15 Va
Deo
Feb
12
Jun
15%
Jan
3
Mar
5%
Nov
Apr
3%
Jan
86
Apr 30
40
27
8
40
Jan 15
x20% Jan 19
par
6
H 0 CO
Jan
22% Aug 11
10% July 26
7% Oct
1
5
2% Jan
pur
127
100% Jun
Aug 18
No
Oct
1
15%
Apr
22%
Jan
Deo
1%
53
May
Jan
5
2% Jan
2
6% July 19
1%
Apr
2%
.*1
...
2% Jan
2
9 % Jun
2%
8
Jan
6
1% Aug
4% Apr
8%
Dec
A 4% Jan
57% Jan
2
3%
6%
Jan
Jan
10
No par
.No par
;
Co
28
14% July 14
9% Sep
20
86 % Oct
2
11% Apr
Sep
Oct
6
4
51
Sep
73%
107%
Jun
110"%
16%
Dec
10
Jan
27
115
Jan
8
10
17% Jan
9
10
••'A/'-'-J.
9
100
A 3OV2 Jan
2
par
pfd.
16% Jan
xll2
Sep
20
24
149
"100% Oct
4
134
Sep
44% Jan
9
54
Jun
1
42%
46
9
57% Jun
18
44
Apr
20
80
Jun
104
Jan
70% Sep
29
39
Apr
62
Jan
31% Sep
10
118% Sep 21
•-"'V/A%,.A
••
i
(P'W) Co—
..100
Wright Aeronautical
Wrigley (Wm) Jr (Del)
100
Jan
8%
Feb
12
100
Prior pfd 4%% series——
100
Prior pfd 4%% Conv series—100
91%
*68%
-.69%
3%
Apr
4% May
Jan
Worthington P & M (Del).—No
•100
*90
2
23%
Jan
Deo
Jan
AA7$ preferred A
6% preferred B
k 300
50%
5
Feb
20
31
Motors
-A •; '.-■••A A-A
Woolworth
18
97
24% May 29
;
Woodward Iron Co
•
•
19 %
19%
*98
21%
,
93
,
*90
■
21%
-
*107
102%
48%
51
*50%
*89
68 %
19%
115
107
*98
102%
*48
21%
37
19 %
19%
115
*107
21%
37%
37
22
20
3
-1
Wisconsin El Pow 6%
a-';..A-A
*21%
22
*20%
104%
Sep
15
preferred—
Wilson-Jones
10% Sep
Sep
12% May
Mar 29
Jan
81
$6 preferred
900
*118
113%
41% Oct
1
Wilson & Co Inc
500
May
...12.50
Wilcox Oil & Gas Coj—
2,400?
8%
86
102
Jan
120
Springs
Willys-Overland
Jan
3
11% Apr
preferred
preferred
93
50
t
Min
Apr
2
preferred——No
conv
Prior
600
'6,500
e'/a-r
*85%
S4
60
200
I
12%
8%
86
11%
5%
12%
8 %
86
11
*118%
--
I
26 % V
Rock
36
2
White Sewing Mach Corp..
"
A
11%
*118%
*118 Va
75
*25
5%
5%
12%
*70
25r
*5%
;;A
6
A
74
White
.
Jan
11
—50
instrument
White Motor Co
5,200
10% Nov
91
No par
preferred
conv
7% Aug
Jan
NOV
104
7
Wheeling Steel Corp..
No par
■$5 conv prior pref—;
No par A.
White Dental Mfg (.The S S)
20
1100
19
5%
5%
12%
5%%
700
.
20%
X'71%
Apr
26% Jan
Wheeling & Lake Erie Ry__
1
'
21%
'
Apr
2% Jan
* * 5% Jan
—
,
Feb
41%
*
Ry_..100
!
100
19
34
30% Sep
6% Apr
Telegraph—.
preferred
AA
Aug 20
Oct *4
87% Oct
119
Jun
103
.
2d preferred
Jan
109
100
preferred—._n'—.
Auto. Supply Co—— ..10
$4.50
I.*!,'*
■
8%
*25
5%
12%
66%
>;
■
2
17% Jun
4
A 57
A
7
4
4
Westvaco Chlorine Prod ..-.-No Par
150
•
59%
5%
74%
A A
75.
A
96
21%
110
8%
*74%
5%
95%
21%
110
•*-A 200
1
15
50% Jan
1st
partic
Weston Elec
'
19%
19%
8
6
95%
20%
20%
67
66
*18
20
20
•
25%-
*58'/a
*20%
6
200
2
July
67% Jan
Westinghouse "El & Mfg.
50
s
21
July 23
8% July 8
100
Westinghouse Air Brake
J
Deo
Jan
17% Jun
Western
2,300
8%
39%
5
par
Western
34%
Apr
Oct
4
preferred
Western
96%
34%
4%
24%
4
Indies.Sugar C9rp„..».«._al
| 400
125 %
125
109%
*58%
r
94
*125%
35
25
.
93%
126%
Nov
12% Jan
Jan
Union
Nov
1
29% NOV
17% jan
Jan 21
6%
6
Feb
15% Jan
69
Penn
16
32% Apr
23% Sep
' 17%
West
Jun
% May
6
15% July 15
11
■.
*125%
July
16% Oct
..5
Eisenlohr—-——No
10,300
20%
56
-A 7% Jan A 7
'
4%
v
20
5% Nov
41% Nov
2%
May 29
2% Mar 29
4
Jan
Apr
1
2£j,900
,
8%
41%
.
13
% jan
West Va Pulp.& Pap Co—_No
par
500
5
4% Jan
26
par
6.%
3%
Apr
13% Mar
18% May 25
par
7%
210
111 I
3%,
*8%
41
19%
Highest
t per share
31%
52 % Oct .V 2
4
par
West Penn Electric class A ..No
^100
2,000
116%
3%
8V2
39«'2
j
xl5%
15%
*109 V: 109%
*28%
29
:
:
■
39%
38
20%
15%
109%
*109
3%
*7%
116%
117
15%
28
*3%
39
38%
20%
*27%
8%
*7%
,
117
*15
109%
*109
109%
*27
117
*116'/a
15%
I&42
S per share
5
12
—No
West
24Q
t
9% Jun
Jan
$4 conv preferred.^—!v--A'o
j
1120
•
Pictures
2
15% Jan
,■
.50
Wesson Oil & Snowdrift
400 i£
300
4,200:
83 %
97%
Bros
Webster
1
-A
14%
87
U 15%
A 38%
par
Wayne Pump Co
1,600
78 v.
82
v.
1700
23%
76%
No
preferred—
& Pipe
No
Washington Gas Lt Co—-No
Waukesha Motor Co
] 100
6%
96%
117
par
4% Jan
No par
Warren Fdy
1200
15
87
117%
$7
Warner
1200
23 %}
6%
■
10,500
'
24
95%
*116%
G & W...-No
(Hiram)
par
Ward Baking Co cl A
Class B
"■ 600
v
6%
77
3
■
22%
■
*23%
6%
.
»
t:
*22
14%
24
6%
*76%
No
Div redeem preferred—No par
900
400
1%
4a
12%
1%
Walker
700
r
10%
*48%
12%
Walworth Co
2,300
A"
49
16%
t per share
-
7%
■
16%
*10
Year
Lowest
No
par
No
par
Jan
87% Sep 20
58% Jan
4
24% July
2
42% July
3
24% May
Sep
108
24
21% May
14% Jun
7
31
21%
Oct
Jan
Deo
Jan
20
117
Nov
125
July
18
106
Nov
117
Mar
jun
54
Jun
57% Jan
Jan
y
28%
*28
*28
28%
*12%
13
12%
12%
35%
36
35%
28
35%
94
94
12%
94%
Ay
31%
3%
12%
12%
12%
12%
35 Va
35%
35%
36%
36%
94%
-
28'A
28%'
.
28%
500
Yale & Towne Mfg. Co
12%
500
Young Spring & Wire
36%
5,500
94%
94%
94%
94
94%
12'A
12
12%
12%
12%
Jan
82
Jan
5%%
31
3%
31%
*3%
prices; no sales
on
this day.
32
3%
33%
i In receivership,
33%
33%
2,800
3%
*3%
3%
3%
100
a Deferred
delivery,
n Hew Stock,
r
Zenith Radio Corp
Cash sale,
Exchange
Railroad
and Miscel.
Shares
Bonds
Week Ended Oct. 15, 1943
Saturday
225,970
479,585
a
Special sales,
6,294,400
Bonds
$82,000
8,310,100
233,000
9,333,600
$33,898,500
Ex-dividends,
x
$3,250,800
Saturday
Monday
6,498,900
7,235,600
3,000
shares—
2,327,058
Government
-
$36,000
68,605
Feb
$349,000
616,000
147,245
—
s
$64,000
$6,000
71,000
Holiday
1,064,000
25,000
Foreign
Corporate
Deo
Jan
a;
V;'
$419,000
4,000
691,000
3,000
J,092,000
120.775
748,000
34,000
8,000
790,000
133,375
906,000
14,000
9,000
929,000
.Total-——-——------
$35,269,500
611,090
$3,683,000
$208,000
$30,000
$3,921,000
Week Ended Oct. 15
-
Jan. 1 to Oct. 15
'
:
-
-
•
233,319,839
86,273,201
1943
1942
Stocks—No. Of shares
-
J
1942
——«
611,090
1,531,630
$3,683,000
-
1943
59,851,157
$36,000
$57,000
$2,636,075
A
a.
$6,004,150
Domestic
1,645,000
96,245,000
96,880,500
46,743,600
2,619,450,600
1,706,548,500
Foreign governmentForeign corporate
$35,269,500 $48,445,600 $2,718,331,775 $1,809,433,150
a
Total
208,000
$3,150,000
30,000
———-—-
30,000
18,000
——■
$3,921,000
$3,198,000
-
-
-
-
-
the daily closing averages of representative stocks and
bonds listed
on
1942
15,483,688
$174,611,000 $133,497,500
10,938,000
3,253,000
1,140,000
626,000
$186,689,000 $137,376,500
the New York Stock Exchange as compiled by Dow, Jones & Co.:
Stocks
—Bonds—
10
30
20
15
Total
Indus¬
Date—-
October
October
trials
1
9——..
.
11
:
October
12
October
13—.
Rail¬
roads
ties
Stocks
34.84
21.38
137.10
136.61
—
October
14—
October
15
_
-
137.01
137.90
34.60
65
10
10
First
Second
10
Indus¬
Grade
Grade
Utili¬
Total
40
trials
Rails
Rails
ties
47.64
107.30
101.20
63.89
110.25
95.66
21.24
34.57
Holiday
136.48
.
Utili¬
;
47.41
107.26
101.09
63.77
110.26
95.59
21.19
47.37
107.28
—
—
Holiday
100.85
Bonds
—
63.71
110.29
95.53
34.76
21.36
47.58
107.29
101.05
63.74
110.29
95.59
35.01
21.41
47.88
107.37
101.37
63.85
110.44
95.76
"
'
Total
—
Stock and Bond Averages
are
2%
-
—•—
1,335,000
Below
Oct
Jan
20
1% May
Government
—
Wednesday
Thursday
Friday
9,738,100
1943
3,074,270
8%
Foreign
141,090
33,898,500
industrial——
Total
Jan
87
22%
Bonds
Foreign
&
May
Bonds (Par Value)
Domestto
Tuesday
8,546,100
6,500
-
Bonds
8.
Jan
7
Ex-rights.
Shares)
,
TJ.
78
37% July 13
4% May 10
0/
Week Ended Oct. 15,1943
Jan. 1 to Oct. 15
1942
2
-
10,000
Week Ended Oct. 15
Railroad
23% Oct
7% NOV
37%
Stocks
8,500
$1,335,000
1943
y
Jan
(Number
—
3,398,000
2,327,058
Sales
$8,000
426,000
555,600
-
6,799,600
474,073
-
V
196,000
591,830
2
Bond
Bonds
$3,160,800 v W
19% Jan 12
1
Total
Government
—Holiday
-
of
4
2
Apr
Jun
5
28 Vt
Transactions at the New York Curb Exchange
United States
Foreign
i
Btocks~No.
15% Jan
17% July 13
41% July 14
97% July 17
16% Jun
7
6
Daily, Weekly and Yearly
A
Stocks,
Number of
——
9 Va Jan
No par
-
Zonite Products Corp
Daily, Weekly and Yearly
Total
4
30
:/
Transactions at the Hew York Stock
Monday
Tuesday
Wednesday
Thursday
Friday
13
7% Jan
par
preferred series A—
.100
Youngstown Steel Doo?
No par
1,300
>A
21% Jan
No par
Youngstown Sheet & Tube_.No
A; 90
*12
23
-
;
32%
*3%
•Bid and asked
;
.
32
32%
*3%
*12%
12%
27%
94%
12%
12'A
>
28
THE COMMERCIAL & FINANCIAL CHRONICLE
1552
Monday, October 18, 1943
33k
I
Bond Eecoird
York Stock Exchange
Mew
«»
-1 WEEKLY
FRIDAY
NOTICE—Prices
"and
are
lor
Interest"—except
Income and
defaulted
and when outside of the regular weekly range are shown in
the week,
a
The italic letters in the column headed "Interest Period" indicate in
BONDS
New York
S.
U.
Friday
Exchange
Stock
Interest
15
Period
Ended Oct.
Week
Treasury
1947-1953
1944-1954
1946-1956
—1943-1945
1944-1946
1946-1949
„1949-1952
1946-1948
1951-1955
1955-1960
1945-1947
1948-1951
1951-1954
1956-1959
1958-1963
1960-1965
1945
1948
1949-1953
1950-1952
1952-1954
1956-1958
4s
Treasury
3%s
3V<s
3y»s
3VaS
3 VeS
3s
3s
2%s
2%s
2%s_'
2%s
2%s
2%s
2%s
2%s
2 Vis
2Vis
Tret
.ry
Tree»iry
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Low
—
2Vis
Treasury 2 Vis
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
3-D
V
106.30
110.27
105.17
103.21
107.6
*109.18 109.20
108.10
108.15
111.26
M-S
••
107.6
j-d
3-D
108.21
3-D
112.7
:"';'vr7
*103.15 103.17
——
—
;
.
«—*■'
—
^___1951-1953
1951-1955
1953-1955
June 15 1948
Treasury
2s
Treasury 1%SFarm
;
1928
Oct
Jan
104
100.5
100.5
j-j
*101.30 102
__
j-d
*107.3
j-d
*104.5
100.5
101.4
Cuba
104.30
v
101.25
107.8
104.7
j-d
">
*_
*101
101.2
3-D
100.15
^
*100.23 100.25
M-a
:
100.26 100.26
j-d
j-d
100.8
5
100.8
*105.2
j-d
100.23
100.8
100.30
100.8
101.5
:
■
23%
24 Vi
M-S
*16%
17%
J-D
*23%
25
A-O
6%
J-J
A-O
6%
45
A-O
*36%
M-N
*37%
F-A
1952
J-D
1953
*101.1
*101.10 101.12
'
;
■
Af-N
J-D
*101.7
101.5
52
23%
F-A
97%
1953
J.J
1945
J-D
wks
5 Vis
(Rep of) 8s
ser A.1951
series
sink
fund
A-O
*58 Vi
A-O
*58 %
J-J
69%
70
F-A
70
71%
A-O
63
64%
M-a
*87
1940
A-O
1940
A-0
(Republic of)
110%;
part
part
88%
88%
89
J-J
1945
M-S
J-D
*27
99
1964
*20%
20%
A-O
*6%
A 6s
New
AGtd
sink
AGtd
sink
1948
1968
1945
fund 6s
(King of Norway)
Akershus
(Dept)
AAntioqula
4s
collj Is A
series
F-A
54 V8
44
55
A-O
54
54
46
54%
Af-S
*62
J.J
*18%
19%
15%
f
7s
B
1945
J-J
19Vi
19%
10
External
s
f
7s series C
1945
J -J
18%
18%
1
AExternal
s
f 7s series D
1945
J-J
f 18%
19%
AExternal
s
f
1957
A-0
*18J/4
AExternal sec s f 7s 2d series—1957
A-0
18%
AExternal
A
s
AExternal
7s
sec
s
series
1st
f 7s 3rd series__1957
external 5s
1958
(National Government)—
(City)
AAntwerp
Argentine
S f external 4Vis
18%
24
15%
24
20 Va
15 Va
23%
18%
16
23%
A-0
*18%
20'/a
18
23%
J-D
*57 Vi
60
42
59%
M-.V
99%
99% 100
73
96%
101%
1971
M-.V
93
91%
93
16
84%
93%
S f extl eonv loan 4s Feb
1972
F-A
85%
84%
85%
180
78%
85%
S f extl conv loan 4s Apr
1972
A-0
85%
85
85%
15
79
85%
J-J
92%
92%
92%
26
82
.94%
M-S
92 %
92 Ve
92%
34
83%
f
Australia
4Vis
loan
conv
(Commonw'lth)
External
of
5s
5s of '25-1555
1927
1957
-
External g 4Vis of 1928
1950
External
M-S
1955
f 6s
s
Af-N
1949
external 6Vis
Belgium
J-J
f 7s
1955
1941
A-0
.'' ad
J-D
1957
External
s
AExternal
f 6ViS of 1927
s
(Central
A 7s
Brisbane
1957
Sinking fund gold 5s
Sinking fund gold 6s
Buenos Aires
AGs
s
1961
•
90 Vi
Af-S
F-A
External s f 4%-4%s
1975
Af-N
1984
J-J
external
f $ bonds
s
(Dom of)
30-yr 4s
1960
3y<s
3s
3s
77%
1961
J-J
Jan
15
1948
J-J
15
1953
Jan
—
(City)
A 6s
A Extl
A 6s
A Extl
A 6s
For
8s
f 7s
51%
Ve
47
2
34%
51%
V
87
95%
90%
90%
7
83
94
94
4
87
97
M -N
*11
Q-J
*16%
Q-J
16%
4s of 1904
.1954
4s of 1910
.1945
J-J
6s of 1913 assent— .1933
J-J
f 6s
A-O
assented
sinking fund
1961
5
F-A
A
ii
v,::..:-'
18 Vi
28%
18
16%
18%
9
11%
•
v
■
12%
17%
15
28%
14
19
11
'.
90
'
,
28%
90
■
J-D
U-N
.1957
.
F-A
.1958
18%
32%
32%
.V,
9
18%
^ii
89%
93
84
,
85
*84
*88
A-O
.1944
6s
F-A
M-a
fund
4Vis
.1956
fund
4 Vis
.1965
95%
82%
95%
34
J-D
98
93%
82%
95 Vi
100 %
*100%
F-A
.1970
95%
A-O
.1963
extl loan
f 5s
s
.1955
101%
98
4
96
96
4
77%
96%
93%
93%
1
60%
93 %
71
87 %
72
84
*87
M-N
97
*83
A-O
A.1963
sink fund 4Vis
78%
69%
78
70
79%
71%
80 %
48%
60%
A Nat Loan
lAPoland
85%
v.;
94
98 Vi
1
31
A Extl
sec
17%
16
13
23%
14%
2
A-0
1958
4-0
1947
:•
V
A 6s external
*16
v
14%
<
J-J
V/v
*21%
-
14%
20
12%
17
3-D
*28
30%
17%
30%
1960
J-J
*27
29 Vi
17%
30
14
8s
1953
sink fund gold
*45
1968
51
100%
30
"
.
90%
10
18%
33
30
:«
J-D
27%-'
52;
ley*
32
16
20
26%
M-N
28
28
*28
29%
*28
1964
Af-S
80%
Af-N
*30Vi
33%
A6Vis extl secured
lASan Paulo (State)
1957
Af-N
*25%
f
extl
water loan
A 6s
extl
8s___
external
A 7s
dollar loan
f
7s
—1936
»>
J-J
—1950
A 8s
J-J
1956
1968
Af-N
36
32
48%
29%
48%
■
*33
34%
'
29%
46%
67%
68
9
62
72
17
3
10
20
*16
18%
J-D
*11%
14%
...1958
J-D
*10Vi
14%
Sydney (City) s i 5%s
A Uruguay
(Republic) extl 8s
1955
F-A
1946
F-A
1960
Af-N
*86
—1964
Af-N
*87
($ bonds of 1937)External readjustment
—1979
Af-N
extl
extl Is
A4%s assented
24%
26
AExternal sink fund 6s
18%
25%
AExternal sink fund 6s
20%
26%
—1962
52%
2
2
Af-N
sec
of)
35%
-
36
33
1958
(Prov
23
17
•
——
67%
A-0
series B
82
18%
34
17%
'
35%
.
J-J
—1940
31
73%
48
'
32%
-
M-S
Serbs Croats & Slovenes (Kingdom) —
A 8s secured external
—1962
31%
31%
17%
29%
s
33%
17
—
81 Vi
1952
100%
18
30
8i%
45
4
31
27
27%
J-D
1967
1
32
A-o
1960
loan
'
F-A
1946
'
14
Santa Fe external sink fund 4s_.
A Sao Paulo
(City of Brazil) 8s_.
s
20%
J-J
1961
A7s external loan of 1926
§ A Secured
23
17%
15
14
*17 '
16
23
14
mm.
*9
1963
8s
(City of)
municipal
28
'
A-O
1950
gold 8s_
A-O
1968
f 7s
6 Vis
95
95
a—-
'
11
19%
3
11%
14%
11%
—.
13%
85
95
3%s-4-4%s
18%
25%
26
18%
25%
3%-4%-4A
21%
21%
5
£0
26%
37
18%
1
.
17
1940
Rio Grande do Sul (State of)—
A 8s extl loan of 1921
20%
19%
23%
17
31
1
20%
12%
100
11
20%
46
A-O
19%
19%
17%
1940
Janeiro
19%
20%
17
1
Af-N
21
20%
24 Vi
17
3-D
F-A
19%
M-S
13%
A-O
(State) extl 6s
19%
y-s
14%
6
1961
sink fund
21
1961
^9
19%
ser_
18%
20%
27%
19
f 6s 2d
20 Ye
7
27
19
—I960
s
104
27
M-S
ser_
loan
104
Af-S
1959
—
f 6s 1st
s
91
*105
'
.
89 Vi
73
—1947
de
105%
19%
-■
70
43
APrague (City of Greater) 7 Vis —1952
ARlo
100%
*21
Af-S
"l
91
Queensland
A 7s
25
extl
73
89%
89
50%
—1947
7s
% 8 assented
A8Jle6la
24
s
72%
89%
J-D
1967
'21 r-:;
Af-N
1994
(Rep of) gold 6s
AExternal
105%
104
1963
external 7s
APorto Alegre (City of)
AExternal loan 7%s
1037/i
^
ser
A4Vis assented
101%
11
'■
(State of)
A Stabilization
101%
103% 103%
*104% 105%
f 5s
s
A4Vis assented
104 Vi
103%
111%
extl
(Rep)
Nat loan extl
97%
20%
.
18%
12%
(State)—
5s
(Rep of)
107%
1961
J-J
.1952
ref 3%s series B_
sec
104%
Sep
1556.
Ext
97%
J-J
10%
*14%
28%
„
M-S
5s
APernambuco
101%
19%
.1959
7s
AStamped assented 5s
Stamp mod 3%s ext to
9
19%
10%
•
M-S
f 6 Vis
s
.1958
.1959
f
s
(City)
APanama
15
Sep 1961
page
Oslo
103% 103%
r-A
1961
1901
95
68%
60
Jan
6s
assented
see
Feb
Jan
76%
78%
20%
f 6 Vis
s
(City)
f
s
3-D
9
(State)—
Municipal Bank extl
105% 106
A-O
Feb
assented
92%
30
3
19%
12%; 13%
12%
18%
11%
'
A7s
'
20
104
23%
92%
34
16%
sink
103%
104
20%
15%
82 %
;
16%
.1945
External
107%
103%
.1943
.1945
4s sink fund
23
M-Jf
i960
sinking fund 6s
99
77
77%
*103
assented
extl 5s of 1899
4
54
■
5s of 1899
(US)
external
105%
.
21
97
ii
y'■ ■'
92
external
109% 109%
M-N
-I960
75%
J-J
1942
assented
s
J-J
1942
s
sinking fund 6s
footnotes
1958
1954
External
ARy external
a6s
15
assented-.:
AExternal
34
75%
21
70
85
92
external
109%
J-J
(Rep)
7
78%
U-N
Jan
A 7s
46%
76%
J-J
1967
1968
2Vis
A Chile
50%
*55
A-0
3s
A Carlsbad
54%
34
*95
77
A-0
3s
36%
22
"
1976
30-year
30-year
19
46%:,
94
Af-S,
1977
f 4Ve-4%s
1976
25-year
100
53%
*91
'
-
F-A
Refunding s f 4y4-4Vis
Canada
97
.
99%
45%
J-D
External read) 4%-4%s
3%
91
100
(Province of)—
stamped
External
;
96%
45
d46
85
62 Va
—
J-D
sink
a4
96%
•
46
Af-S
1958
1850
94%
51
J-D
1957
f 5s
s
79
100
*99%
51%
7';
A-0
1952
Ry)
(City)
1
88%
100
*98
J-D
{ABrazil (U S of) external 8s
AExternal s f 6Vis of 1926
88%
*99
__
23%
24
'
19
3-D
series A
APeru
1948
S
15%
12
24
15%
V
68%
~6
78
-1954
South Wales
24
16
22%
21
.1954
External
54 Vi
6Vis
4s readjusted
stamped
External
1947
fund 6s
99
100
Irrigation—
Norway
(Colombia)—
f 5s
s
(Colombia)
(Prov)
AMontevideo
1-1693
31
■
*95%
A-O
A Sec
NY
li'/a
89%
*65%
U-N
A Sec
Municipal
Mtge Bank
.
88%
89
97
-I960
External
Agricultural
72
42%
*90
.1968
(State Mtge Bk)
AAssenting
AAssenting
AAssenting
§ATreasury
T eletype
86%
*100
7s-. -1957
AMexlco
WERTHEIM & Co.
87%
72
72
2
•/:
1949
paid
paid—
Minas Geraes
&
69%
89
A-0
A4%s
Govt.
66%
Government—
A6s
Mexican
Foreign
71%
42%
.
AMedellln
New York
45
6
.
(Republic) a t 6s series A„ .1952
Helsingfors (City) extl 6%s
-I960
Broadway,
74
7
A-O
Haiti
Foreign Securities
58
47%
T"
M-S
1967
102.27
56%
30%
■
37
A-O
1949
2
(Republic) extl 6s
Mendoza
120
m--.
1961
7s
Finland
135
38 Vi
'
-
1969
French Republic 7s stamped
7s unstamped
98%
107
106 7/a
1969
102728
102%
103
72%
.104%
1942
5Vis
58
29
101%
102%
1902
5%8 2d series—
AJugoslavia
2-2300
19
>106%
'137% 140
Irish Free State extl
REctor
39
37
1955
lADominican Rep Cust Ad 5%s
;5Alst series 5Vis of 1926__
60
102%
98
1942
External gold 4Vis
38
100
1952
;ASinking fund 8s series B_
J A Denmark 20-year extl 6s
External gold 5Vis
A7s
103%
57
Membere New York Stock Exchange
2
48
*103%
Public
Greek
Telephone
•:
38
30%
40
;
'102%
F-A
J-D
37
30%
23 Vi
1977
64
64 :
48%
37
.
40
►100
1949
Customs Admin 5%s 2d series
5Vis 1st'series
City
110% 110%
52
52
100.10 100.10
—
25 Vi
38%
3
debt
101.12
Unification Issue—
110%
38%
54%
4Vis
103.10
102.2
101.9
*101.3
--
25
1
loan
§A2d
1027*7
Kt l
37
external
100.29
101.3
2
6%
52
M -N
1949
6%
54%
54%
M-a
AEstonla
A»-S
Af-N
23
18
—
37
Af-N
1944
100.9
—
22%
16
__
45%
6%
45%
1947
103.16
—.
24%
17%
1951
A Czechoslovakia
.
17
1
17%
1946
;
100.12
105.4
*101.3
—
101.1
100.9
2
100.8
*100.6
M-S
M-S
101.2
100.23
101.6
100.28
100.14
*101.4
100.26
*101.11 101.13
M-S
23
24'%
24%
i
'0:.
17
19%
"
j-j
1
17%
a
102.7
104.20 104.20
'l
-'-
17
17%
Sinking fund 5Vis
101.5
*101.30 102
*104.23 104.25
17%
17
17
18%
(Republic of) 5s of 1904
.4Vis
,vt
Af-S
17%
25
17%
External 5s of 1914 series A
102.13
106.23
w—
•;1''
2
External
105.7
* *
'.It-;7r.
5.> \
;•
107.5
100.22
<
2
■
*106.18 106.20
j-d
100.4
100.15
100
910-
100.24 100.24
1961
A
100.21
'■
•»-
17%
1961
1947
A
Sinking fund 7s of 1926
Sinking fund 7s of 1927
Copenhagen (City) 5s
25-year gold 4 Vis
A Costa Rica
(Rep of) 7s
100.3
100.9
100.4
100.4
■
17%
1970
sit bonds
AColombla Mtge Bank 6Vis
104.20
104
101,
6
(Republic of)—
3s external
J-D
Corporate Stock
1981
107.23
1980
York
New
(Hukuang Ry) 5s
106.20
1944-1952
1945-1947
M
series
IVis
Transit
i960
assented
*107.1&
j-d
24%
19%
■
M-S
M-S
M-S
19
1960
1927
j-d
24%
J-D
Chilean Cons Munic 7s
of
100.11
19%
17%
19%
Af-N
of
100.8
1
3
1962
A6s
__
18%
17%
assented
Colombia
25%
18%
17%
19%
Af-N
a 6s
103.24
18%
Jtf-N
1962
AChlnese
25%
26
J-D
A-0
A 6s
26
18%
A-0
107.6
100.10
1°
20%
J-D
106
j
19%
High
J-D
1961
*106.29 106.31
Owners' Loan Corp—
series A
6%s assented
*106.27 106.29
*103.30 104
19%
1961
j-d
M-S
Low
20%
19%
1957
M-S
107.17
January 1
No.
1963
AGuaranteed sink fund 6s
•'—
Range Since
Sold
1957
1961
.
1944-1964
1944-1949
3s
assented
Bonds
High
Af-N
—1961
Mortgage Corp—
3 Vis
Home
1963
sinking fund 6s
A-0
112.20
v
Friday's
A-0
1962
A 6s assented
111.24
108.26
*111.25 111.27
*112.5
1962
AGuaranteed sink fund 6s
A
or
tow
A 7s
109.11
*111.30 112
*107.4
—
a
107.10
M-S
'•
•
of
Week's Range
Last
Sale Price Bid & Asked
(Continued)—
ASlnking fund 6%s
104.26
*103.16 103.18
j-d
A 6s
111.28
M-S
they are the only transactions
the range for the year.
Friday
AChile Mortgage Bank 6%s
A6Vis assented
112.23
112.8
*112.6
unless
range,
Period
A 6s assented
106
110.6
109.9
1
111.17 111.17
Af-S
j-d
—
7 /
101.31
110.13
•.«
*105.14 105.16
?
M-S
week's
Interest
AExternal sinking fund 6s
103.3
*110.18 110.20
1963-1968
2Vis
—_-June 1964-1969
2'is
Dec. 1964-1969
2Vis
1967-1972
2Vis
1951-1953
2 Vis
1952-1955
2 Vis
1954-1956
2s
1947
2s
Mar 1948-1950
2s_
Dec 1948-1950
2s__
—Jun 1949-1951
2s__„__———Sep 1949-1951
2s____—-Dec 1949-1951
2s
-March 1950-1952
2s
Sept 1950-1952
2s
3%
100.8
101.13
,
y\.*,
*103.25 103.27
Treasury 2s
3s
'
'
105.27
'j.
7
'
*105.24 105.26
J-D
106.3
(Rep)
AExternal
*101.11 101.12
j-d
:
114.1
103.29
.
Chile
High
112.25
.
*100.16 100.18
Treasury
Federal
Low
■
1
2.*.
A-0
j-d
_
Treasury
-
Af-S
Treasury 2 Vis
Treasury 2 Vis
Treasury
A-0
••
the
In
No account is taken of such sales in computing
New York Stock Exchange
Week Ended Oct. 15
*106.24 106.26
1962-1967
2 Vis
Treasury
Treasury
NO.
*103.22 103.24
Af-S
disregarded
are
bonds mature.
BONDS
*112.14 112.16
——
J-D
the month when the
Range Since
January 1
Sold
High
—<«
a-o
case
Bonds
Sale Price Bid & Asked
Government
Treasury 4%s
each
Week's Range
or Friday's
Last
YEARLY
-
bonds.
Cash and deferred delivery sales
footnote in the week in which they occur.
20%
?s%
1
18%
25%
25%
External
84
*88
'
'
j
69%
—
87
78
«...
69%
13
88
85%
88
64
72%
Af-N
*66
6iy4
69
1978
J-D
*63%
67
60
68
4-4%-4%8 extl readjustment— —1978
3%s extl readjustment
—1984
F-A
*69%
71%
66
72%
AWarsaw
conversion
extl
conv
(City) external 7s
A4%s assented
—1979
'
*59
J-J
—1958
F-A
—1958
F-A
52%
66
*10%
"w—J
■
;
14
12
13
*10%
I2
10%
13%
88Wmrn^mi
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4221
Volume 158
1953
NEW YORK BOND RECORD
BONDS
New
York
Week
Stock
Friday
Exchange
Ended
;
Interest
Last
or
'
Friday's
BONDS
Bonds
Range Since
Sold
January 1
Sale Price Bid & Asked
Period
15
Oct.
Week's Range
Low
High
Mo.
Low
New
'
1953
j-d
1953
AStamped
10-year deb 4%s stamped
Gt
1st
Southern
4s
J-D
1st
•
*104%
■
J-D
1946
*102%
—
F-A
*104
—
J-D
M-N,.
1972
J-J
—
1948
A-0
90
..1948
A-0
90
Albany & Susquehanna RR 3%s___1946
3 Vis registered
—,_»L....1946
A-0
1st mtge 3%s
Albany Perfor Wrap Pap 6s
6s
with
warrants
assented
109
*
88
A-0
71%
Carriers
&
Cart & Adir
102
^Central of Georgia Ry—
A 1st
mtge 5s
105%
110
62
•j
1
1949
J-D
99%
99
99%
71
modified
1950
A-O
95%
95
95%
.1950
A-0
93 Va
92%
93%
108
1998
A-0
—1951
F-A
Allied
Stores Corp 4 Vis debs
Allis-Chalmers Mfg conv 4s
Am
&
Foreign Pow deb 5s
Amer I G Chem
Called bonds
„
M-N
A-O
Am
Internet
bonds
deb
7s
106
sink
(Oct
15)
109
Conv gold
4s
109
109%
20
114% 115%
154
103% 103%
53
M-N
Jan
%
67 %
67%
78
Q-J
78
M-3
78%
(Del).1957
C
J-J
105 VB
105'/a 105%
27
103%
107 Vi
A-0
112%
112
101
108%
114%
1995
I
AO
1995
M-N
1955
J-D
111
J-J
J-J
4'/2s
July 1952
:_1964
A—
3%s
M-S
88%
J-D
65%
M-N
80
1948
1948
J-J
Atl Gulf & W I SS coll
1959
1953
88
tr 5s
Refining deb 3s
65
102 &
.
Ref & gen ser A (int at
Dec 1 1946)
due
56
57%
Ref & gen ser D
>
Sep 1 1946)
63
48
74 Va
A-0
.
*111
112
J-J
27%
324
26%
,■
10
30%
28 Va
104
25
28%
83%
28%
%
27%
29
A-0
95%
A-0
93
66%
67%
38%
16Va
c
40%
16%
,
9.
95%
92%
;
;
F-A
95
85%
18'/a
36
20
106% 106%
F-A
67%
^
112%
71
.
'
*22 Va
...
19%,
1107/a
83
30
34
106%
22
111
83
98%
7
10
32%
71%
95
113
> 55%
35%
1
29 Va
103% 103%
1
100%
105
M-S
105% 105%
4:'
104
101
101
M-S
136 Vi
136V
106% 107 y4
106%
106 % 106 V8
*66
71%
65'
70
72%
101 Va
47
92%
M-N
F-A
136%
J-J
17
130Va
137 Va
11
102'/a
108%
26
102
108 Va
118%
*—
1989
J-J
8
121
115%
119 Va
15%
31 Va
92%
101%
102
*120
1989
J-J
1949
A-0
1949
J-J
106
♦119%
23%
—
22%
24%
571
101
1949
4s
^ ;
1949
A
100% 101 V»
1949
15
'
'
.
103% 104 Va
,;-v.
*101
1958
Af-S
F-A
82
797/a
F-A
91
90 Va
__
82
1971
91
&
5s
Eastern
mtge
A
series
inc
}97%
96%
:-'':
-
97%
100 %
104 '/a
97%
26
103 Va
1977
ref
&
93%
96%
—
J-J
101 »/4
98
81
186
V
65
84%
73%
92%
57
99%
111 RR—
(conv)
1997
J-J
44%
42%
J-J
443/4
104
*124
•
32
47%
118
'
•
124 3A
75%
75%
43%
44
13
38%
48%
J-J
54%
53
54Va
39
31%
55
49%
51
59
3\%
51%
473A
76 Y*
15
66
76%
107
1947
J-J
51
1947
J-J
47%
45 Va
471/2
54
&
29%
1966
Af-N
11%
11%
25
6%
A 1st
40
J-J
Af-S
A 1st
45%
35%
Af-N
Af-N
88
38%
& gen 6s series
J-J
12
12'/a
15
6%
88%
88 Va
38
66%
5s series A
gen
B.____May 1966
Chicago Ind & Sou 50-year 4s
1956
w
35%
15%
15%
J-J
wif ;;o?
/May 1 1989
J-J
69%
69
69 %
81
43%
70
gold 3%s series B^lMay 1 1989
4%s series C
May 1 1989
AGen 4%s series E
May 1 1989
J.J
65%
65 Va
23
40
65 %
J-J
70%
70
71
74
44%
71
J-J
70%
69%
71
50
45
71
70
71
47
45%
71
'
93
^Chicago Milwaukee & St Paul—
AGen
A-0
67%
67%
68
100
59%
75%
4s
series
4%s
A
series
F
J-J
May 1 1989
J-J
Va
A-0
71%
70%
71%
101
6Q%
77%
40%
39%
40%
318
32%;
52%
1995
J-D
J-D
44%'
43%
44%
225
35%
57
2000
*f-S
40%
39%
40%
238
32%
52%
'
.
40%
3§%
40%
869
18%
44%
Jan 1 2000
adjustment 5s_
AGeneral
A-0
14Va
13%
14%
613
4%
16%
4s
1987
M-N
1987
4s_.
*
1987
registered
57%
59%
57 *A
1
30%
60'
58%
...
57%
57%
—
M-N
M-N'
59%
63
33%
61
1
;
1987
Fed inc tax
1987
M-N
59%
59
59%
4%s stpd Fed inc tax
1987
M-N
61 Va
60
61 Va
213
5s
1987
M-N
61 %
A4 %s
stamped
;
n
:
p
M-N
^
Af-S
40
39%
40%
111
32%
52
Feb 1 1960
F-A
30%
29%
31
209
24%
37%
V?
stpd Fed inc tax
§ASecured
1987
A 1st
63%
63
64%
$ 51
51%
70
due
-.1950
J-J
55
54
55'A
85
40%
62
Toledo Cin Div ref 4s A
1959
J-J
56%
55
56%
37
46
&
ref
gold 5s
A 1st
&
ref
4%s stpd.
A 1st
M-N
&
ref
4%s
59
33%
59%
34
63
Af-N
60 V8
108
33%
64%
60
2
35 Va
60
72'A
73%
61%
60
M-N
1936
6%S—
60
32
'
(int at 1% to
due
-1996
32%
18
AGen
AGen
•
AStpd 4s
Pgh L E & W Va System—
Ref gold 4s extended to
1951
S'west Div 1st M (int at 3%%
F-A
^Chicago & North Western Ry—
AGeneral gold 3%s
■v;
3%s registered
;
(int at 1% to
due
1975
AMtge gold 5s series A
AConv
1995
due
Sep 1 1946)
37%
J-J
73%
•80 VB
Ref & gen ser F
A Conv
20
ARefunding gold 5s series B
ARefunding 4s series C
1% to
due..
1946)
6
1982
93%
(int at 1V#%
ser C
gen
29
6%
JChic Milw St Paul & Pac RR—
July 1948
Stamped modified bonds—
1st mtge gold
(int at 4% to
} ;
Oct 1 1946) due
July 1948
to Dec 1
29
AGen inc mtge 4%s
2038
JAChic Ind & Louisville ref 6s A..1947
104 Va
RR—
gold 4s
Ref &
53
1946
registered
AGen
Ohio
35
1988
B
&
2
1996
3s
AGen
1st mtge
219
J-J
AGen
Baltimore
16%
52 Va
29
1996
Chicago & Erie 1st gold 5s
Chicago Gt West 1st 4s series A
103%
102%
Division
A Gen
no
6
151
19%
14%
1992
registered
Chicago
108
5
66
6V2
1st
114%
38
79%
23%
72
1st & ref 4%s series B
111%
104
88%
243
1948
General 4s
111%
109%
102 A
33
102'% 102 %
4s
107%
111%
111
42 Va
17%
1942
5%s A
Illinois division 3 VaS
107
95%
105
102
102%
1952
Oct
96%
111
90%
50
40%
15%
Chicago Burlington & Quincy RR—
120%
105 Va
112% 112%
*107
Atlantic & Danville Ry 1st 4s
Second mortgage 4s
gold 4s
17
*102% 108
112%
J-J
4s
1
106
_
111
J-D
111%
44
105
105
*111
J-D
1958
1946
;
105
106
J-D
1960
1st 4s
119% 119%
Nov
1995
_
119%
57 Va
68'/a
42%
J-J
1987
gold 4%s
Illinois
1910
cons
113%
30%
29
J-J
1987
JAChlcago & Alton RR ref
102%
106%
1944
unified
61
102
103%
1944
coll
14
21
90%
16%
1987
Potts Creek Br 1st 4s.^_.
R & A Div 1st cons gold 4s
2d consol gold 4s
74
10
30-year 5s series B„_
General
51%
—
52
52 V3
1987
impt mtge 3%s D
impt M 3%s series E
Ref &
109 Va
105%
Atl & Charl A L 1st 4Vis A
1st
98%
Ref &
■ :
105
gold 5s
Atlantic Coast
78%
*102%
General
101%
12
68
102 Vb
Chesapeake & Ohio Ry—
117%
105
~9
107% 108
105Va
101%
16
1961
§A5s stamped
110%
107
105 Vi
1955
1st
107 Va
100%
F-A
.
4s of
107
102 V2
52%
1988
registered
60 VB
9
5
...
110%
101 Va
1975
1905
Knox & Nor
Atlantic
107 Va
7—1978
series
Trans-Con Short L
N
106
100 3%
107%
18
109
1955
Adjustment gold 4s
Stamped 4s
Conv gold 4s of 1909
&
109%
115%
1967
debenture?
Conv 4s of
A-0
3%s
110'/a
107 V8
A-O
Central N Y Power 3%s
1962
Central Pacific 1st ref gtd gold 4s_1949
Through Short L 1st gtd 4s
1954
Guaranteed gold 5s
i960
Central RR & Banking—
91%
104
——
—
L
110
103'/a
6
103%
(Del) 4s B
fund
income
1st
107
A-0
Atchison Topeka & Santa Fe—
General 4s
At!
107
J-D
1st gold 4s
—1995
Memphis Ry Bdge & Term 5s 1964
Armour & Co
1st
J-J
4s
106
105%
.100^
M-S
Arbor
Ark &
3
1956
3s
Anglo-Chilean Nitrate deb
Ann
-
105%
'
1966
Co
Wat Wks & Elec 6s series A
Am
'
.
.1962
debentures—
Tobacco
Called
A
1961
debentures
conv
Amer
105
"
69 Va
78 Va
92
Illinois Light
New Eng 1st
Telephone & Telegraph Co.—
debentures
3 Vis
3s
—.1949
105 VA
.
88 Va
94
102
■
'
106V2
J-D
gold 4s__1951
gold 5s
1946
1st
Certain-teed Prod
American
3 Vis
Corp conv 5Vis
.
1
Div
1959
gtd 4s
JACentral of N J gen gold 5s__
5s registered
AGeneral 4s
95%
53%
y
gen 5s series C
Div pur money
AMobile
100
60 Va
20
87%
70
89
104% 104 Va
99
62
107% 108%
87%'-
Af-N
1949
1)———...
,
68
104% 104%
"
107%
Af-S
2030
5 Vis
conv
(Nov
;v '
M-S
1952
'/•
50
90%
Va
High
62
107 Va
101
48
101% 101 Va
1959
& gen 5Vas series B
JACent
25
52
F-A
AChatt
90%
"
modified
J-J
J-D
1945
Low
7
*52
-
104
1945
ARef &
100%
93%
—
1955
Nov
J-J
1948
1st gold 4s
No.
2
F-A
V—
Range Since
January 1
Sold
107 Vb 107 Va
M-N
1962
ARef
;
62 r:
P
Bonds
High
.6
1981
8 A Consol gold 5s
90%
94%
5
U
•
Friday's
104% 106'/a
109% 109%
,
1950
w
108
90%
*66
w
ACent Branch
19
5s
.
Corp 5s
101%
5s
AlPeghany & West 1st gtd 4s
Gen
103
Alleghany Corp—
income.—
4s
102
100
*99%
—
—
76%
104 Va
>
90
100
—
..
M-S
Ohio
106
109%"
88
J-J
1965
&
102
*_.
101 Vi
*104% 104%
__
or
Sale Price Bid & Asked
1949
Clinch
103%
—
1081/4
Week's Range
Last
Period
Low
Central
A5s
Interest
15
1st gtd gold 4s
Celanese Corp 3%s debs.....
Celotex Corp 3%s debs.
48%
102
__
^
1943
,
A
ser
68%
ar-J> -i; ■: :N.
5s___1943
A
cons
series B
64%
*66%
—
if-3
1967
cons
Friday
Exchange
Oct.
tSACarolina Central 1st gtd 4s
Adams Express coll tr gold 4s.__-.l948
Coll trust 4s of 1907
1947
1st mtge 3Vis
Alabama Power
Stock
Ended
Carolina
tAbitibi Power & Paper—
§A5s series A unstamped
Ala
York
Week
High
Railroad and Industrial Companie*
:
r
73 VA
9
39%
78
May 1 2037
May 1 2037
J-D
30
23%
J-D
45
43%
45'/a
44
22%
49%
May 1 2037
C
J-D
M-N
45
.44%
45 Vs
60
23
49'A
11%
12%
289
4
t
45%
45%
|
45%
48%
61%
1
to Jan
1947)
AConv 4%s series A
tSAChicago
Bangor & Aroostook RR—
Railways
part paid..
25%
1951
J-J
73 Va
73
73 Va
20
59%
75%
stamped
1951
Battle Creek & Sturgis 1st gtd 3s„1989
Beech Creek extl 1st gold 3Vis
1951
J-J
74
73%
74
17
60
J-J
1960
1950
J-D
5s
12%
ref 4s—
Con
4s
Bell
Telep of Pa 5s series B
1st & ref 5s series C
Beneficial
2Vis
2%s
Loan
Indus
1956
1952
—1959
1960
1965
debentures
Beth Steel 3Vis conv debs
Consol mtge
3Vis series F.*
Consol mtge 3s series G
Consol mtge 3 Vis series H
48%
*96%
100%
A-0
130'/a
,1927
F-A
.1988
J-J
M-S
94
<
102VB
94
-
78
11
y::>
50%
40'A
10
109% 109%
10
'
F-A
96%
85
104'A
96%
'
*
(interest
to
1
3
103 VB
104'A
18
83%
105% 105%
7
96%
;
110%
110% 110%
V'.
5
99
1st
Cin
115%
110%
Af-N
42%
42
42%
92
35%
50%
A-0
18 Va
18%
19
35
11%
23%
18%
18%
18%
11
22%
v.-.—
A-0
1955
J-J
1960
A-0
*87%
■A
73%
73
*80
c
6
83
Canadian National
Guaranteed
gold
4s
5s
Chic & St Louis
117 'A
117'/a 117 Va
1
111%
118Va
.-.July 1969
J-J
107'A
107'A 107'A
20
107%
109
116% 117
2
113%
118%
117
117
117
1
113%
118%
118
118
1
113%
119%
Guaranteed
gold
116
116 Va
1955
1956
4Vis.
5s
equipment trust ctfs
trust
Collateral
For
gold
footnotes
J-D
page
116 Va
—
-.
112%
J-J
M-S
4
94
3
4 Va
—.
40
13%
70
u.w'''V
92%
67
5
75
68
68
1
53%
71
75
75
10
62%
75
55
55%
17
49
62
102%
99%
110
109 Va 110
103% 104 V8
49
94%
105%
M-S
104 %
104 Vs 104%
32
97
105%
105
105
7
107%
1103/4
8
100
105
108%
79
109%
54%
55%
108%
111%
110
1993
J-D
1993
J-D
1977
J-J
57%
J-J
53
1st 4s
1991
coll tr gold 4s
-
85 Va
85%
*92%
57
1103/4
—
110
2
59%
112
108%
1103/4
109%
-
112%
85 Va
5
71
85%
__
57 Va
87
89%
90%
46 3A
61
52%
53%
6
46
58%
80 Va
81 VA
5
65
83%
1990
M-N
1970
J-J
1948
M-N
1950
F-A
—1977
Cleveland Elec Ilium 3s
&
68
28%
*112%
gold 4s
Cleveland
38
*111 'A
F-A
5s series B—.
1st
41
13
18
58'A
J-D
A7-N
General
Cin Wab & M Div
3
56
53
*109% 110
1969
Ref & impt 4%s series E__
St L Div
58
F-A
F-A
*106
J-J
*107
1
106%
109%
105
108% 108%
108
108
108
&
ref
4%s series
Line
B
1981
f
s
f 4%s series C
5s
series B
—
108
__
—
105
—
105%
gtd
1961
A-O
95
95 V4
18
71
1972
A-0
92%
93 Va
28
75%
94
A-0
84%
83%
94%
31
64%
86%
1977
gtd 4%s
gtd 5%s
s
,
..1973
1st
Term
A-0
74%
73%
75
59%
78
103%
104
-
Coal River Ry 1st gtd 4s_
Colo Fuel & Iron 5s inc mtge
^1945
J-D
1970
A-0
85
85
85
1 AColo & South 4%s series A
1980
Af-N
56Va
52%
56 Va
*103%
106
—
6
99
80
933/4
24%
59%
58%
96
of
ACertificates
Columbia
G
E
&
deposit
deb
55'A
5s
May 1952
Debenture 5s
Columbus &
H V
1961
1st
extl
111%
118*
Columbus & Sou Ohio El
gold 4s__1948
3%s_*.
1970
llOVa
114
Columbus
4s
112
58
A-0
54%
52%
A-0
iif-N
10
99%
--
104%
12
99%
59
J-J
25
102% 102%
105
105%
*
J-J
112% 112%
84 V2
t
J-J
112% 112%
84%
J-J
1909
1556.
;
F-A
1954
4 Vis
see
F-A
1946
1944
5s
trust
A-0
1951
Canadian Northern
Ry deb 6ViS
Can Pac Ry 4% deb stk
perpetual
Coll
J-J
109
94
J-J
J-D
79%
—
General
Gen
J-J
1970
913A
20%
62
Ry—
88
1957
1969
"
1966
General 4%s series A
A-0
Oct
*91%
*72
——
....
—1967
88%
A-0
Guaranteed gold 5s
Guaranteed gold 5s
Guaranteed gold 4%s
Guaranteed gold 4 Vis
34%
.291
'
*•
M-S
'
1st gtd 3%s D—1971
74%
1962
gold 4Vis
9Va
1952
3%s
58
77
109
'
1957
Pittsburgh RR—
Series C 3%s gtd
Series D 3%s gtd
1980
——
i
1943
81
7
91
73%
Elec
1st
gtd 5s A
85/a
1962
;—
1st
cons
J-D
3%s
Cleve Union
Canada Southern
J-D
Term
mtge
Cleve Short
Californla-Oregon Power
J-D
9 Va
1,185
1952
mtge gtd 3%s series E
Cleve Cin
,
1952
57%
19
62
1963
5s
Gas &
Union
1st
105'/a
110
109
...
Cincinnati
96%
96%
96%
1957
5s.
58%
35
..1963
deb 5s—
Co
ADebenture
109 Va
96 Vb
3%s series E
tAChoctaw Ok & Gulf cons 5s
105VB
8
fBurlington Cedar Rap & Nor—
Consolidated
33%
Union Station—
tAChilds
111
at
due
1946)
J-D
...
1st & ref 4 %s.series D
46
108%
1934
3%
37
1960
1
1st mtge 3VaS series F.
58
23 VB
96'A
109
guaranteed 5s_;
Certificates of deposit—
1st mtge
-
modified
463/4
364
-'.-.j,
86%
104% 104'/a
J-D
Stamped
35%
Af-N
1951
Chic & West Indiana com 4s
91
39%
21
109
•
Af-N
1981
4Vis B
80
176
40
'
A
94
73%
.
49
Niag Elec 3Vis series C—1967
Buffalo Rochester & Pgh Ry—
Buffalo
37
M-S
.1951
3%s
Income
92% 101%
50%
Af-N
Buffalo Gen Elec
33 V2
1951
103
14
r'v,
100
40
1957
1st lien & ref 5s series B_
103%
*90% —
J-D
gold 5s
32%
1960
Gold
Chicago
F-A
1950
Debenture
series A
33%
1952
gold 4%s—
hicago St L & New C
105%
M-N
F-A
•
A-O
.1960
AConv
103
102%
93'A
Af-N
os
100%
2
10
55%
.'i.
1934
105%
20
v/'
105%
103%
84%
1947
ref
101
103%
100
•
Af-N
lien &
98 Va
16
\
84%
1966
Bklyn Union El 1st gold 5s
1950
Bklyn Union Gas 1st cons gold 5s_1945
1st
16
104% 104%
A-0
Bklyn Edison cons M 3Vis—
100 Va
w_a'.
*105% 106
'?{
a.—
J-J
1961
1960
July 1970
{ABoston & N Y Air L 1st 4s
1955
132 %
99%
48%
102 Va 102%
104%
J-D
gold 4Vis series JJ
mtge 4s series RR
Alnc mtge 4Vis ser A
128%
100%
53%
■
104%
2
130%
*100
62
62
••'., 55%
".
96%
100%
t A Chic R I & Pac Ry gen 4s
'
'>A
1st
82%
12
104% 105
1
F-A
1st
45%
'V
100% 100%
104%
J-J
M-N
2
99
130
:>>:.J-
A-0
1967
48%
100% 101 VB
A-0
1944
1st 5s A C
series II
M 5s
1st
48'/a
A-0
1955
Big Sandy 1st mtge 4s
Boston & Maine
J-D
15
stpd
75%
1948
—1949
1st
113%
ACommercial
19
71%
7
102%
9
95%
105%
1st
7
91
101 Vi
Conv
88 %
105
Tol
&
Income
deb
1st extl
1955
52%
55 V*
253
24
Af-N
103'A
103 Va
103%
31
J-J
103 Va
103
103 %
117
*109%
A-0
109
M-S
F-A
—
92%
104 V8
103 Va
1093/4
—
109
*113
25%
88
1
—
110%
108'A
111
112%
Mackay Corp—
w
w
Apr 1 1969
96% lop
May
4
54
112%
105
Commonwealth Edison Co—
mtge
3%s series I.
debs
3%s
1968
..1958
J-D
J-J
—
115
109 Va 109 Va
115
115 Va
24
28
109%
1113/*
108% 115%
►M
-'VSi
MtittiinlilMt
Ag&JV
S^p-vyr^:
':iiVVi'-ii'iriiii<'ir*iWirinii
inr'• '
WllMtlltHli
*^H#K»lWWJ5«»»aS^a«»mi!M
THE COMMERCIAL & FINANCIAL CHRONICLE
1554
NEW
New York
Week
Stock
Interest
Exchange
Oct.
Ended
15
Last
Period
V.'.V* 1,*: V'
or
Consolidated
deb:
s. f.
3 Vis
Cigar
J-J
.1961
F-A
.1953
Bonds
J-J
High
,
"V -;
i.
^
No.
101%
Low
Friday
Interest
Exchange
Week Ended Oct.
15
Week's Range
Last
Period
Friday's
or
Bonds
•
Sale Price Bid & Asked
High
Low
Range Since
Sold
v
High
January 1
No.
Low
High
•
"■
110% 1.10%
1:
New York Stock
Range Since
January 1
Sold
*113%
•
RECORD
BONDS
Friday's
Sale Price Bid & Asked
Low
.1951
YORK BOND
Week's Range
Friday
BONDS
Monday, October 18, 1943
/
111
100%
24
114
109
4
/■'
101% 101%
Illinois Central RR—(Continued)
113%
101%
Refunding 5s
•
Consolidated Edison of New York-
1953
65
—1966
40-year 4%S—
Cairo Bridge gold 4s
M-N
F- A
48 Vi
1950
J-D
,
64%
65
42
56%
67%
48%
49
73
94%
94%
42%
54%
1
85
94%
3Vis
debentures-
.1946
A-O
101%
101% 101%
16
100%
105 Vi
Litchfield
1951
J-J
*76
debentures
A-O
105%
105% 105%
57
78%
s
.1948
63%
3%
104%
107V4
Louisville Div & Term
71
71
.1956
A-O
108% 108%
~2
1
68
77
debentures
105%
108 Va
Omaha Div
gold 3%s_1953
gold 3s..—,
1951
J-J
3%s
F-A
59
59
1
J-J
61
debentures
.1958
42
108'/a 108%
9
106%
109 %
59
7
19
47%
60'%
103%
105%
St. Louis Div & Term gold 3s
Gold 3Vis—
31%
51%
33
51%
32
,,.511/4
3V2S
J-D
Consolidated Oil conv deb 3Vas___ .1951
deb 4s— .1954
fAConsol Ry non-conv
-a...
105%
J-J
.1955
J-J
.1960
*40
1
J-J
.1956
104% 105 %
'
pK
J-J
43
*40
-V
43
*40
y'J.
;':S<
43
100
•
V-VVV-:
100
9
92
1st
3s
1951
1st
mtge 3%s—_
1st
Af-N
1965
.1967
1970
—————1966
1969
mtge 3%s—
1st
mtge
3V2S
mtge 3Vis
mtge 3Vis
1st
*108 Va
'
/Vi'":
y
M-N
V*'vV
M-N
V;
\
•
Joint
1st
ref 5s
108% 108Va
•'/
_
^
98'%
JACdba Northern Ry 1st 5%s
1942
J-D
1952
J-J
J-D
54
53
54%
J-D
49%
49
49%
98
98%
Deposit
1st mtge 3s series F..1961
Inspiration
102 %
Interlake Iron
93
98%
Cons
deb 4s
32%
45
1
27
39
A 1st
5s
16
38
52
A 1st
40 Va
30
42%
Internat Hydro El
to
—1948
48%
Internat
40%
Ref
v/':'
'v'1
•
i V'rJv,
.
48
■
—
—
36
'•
'
7
36'/a
*46
a-o
V,: 27%
;
42
•
38
*36
receipts
"
48
36
36
,v
J-D
1955
'■
100
AAdjustment 6s series
10
13
104%
106%
102%
106
102 V8
6
101%
2
49'/a
133
102'4 104
24%
52%
47%
19 Va
18
45
45
59
75
■
60 Va
107
106
Af-N
102%
105'4
9
104%
107%
107
100
'1
F-A
100
—
108
J- J
*970
108
J-D
ADelaware & Hudson
Af-N
Union Ry 3Vis series B—1965
1st & ref 4s_1943
Delaware Power & Light 1st 4%s__1971
1st & ref 4Vis-—
1969
1st mortgage 4'/as
.—1969
JADenv & R G W gen 5s
A Assented
(subject
80
F-A
83%
83'%
84%
1951
Af-S
334
3%
105%
80%
102 %
1959
J-D
59%
59 Vi
60%
17
,1961
J-J
95%
95%
7
*
J-J
46 Vi
48%
J-J
47%
47 Vi
48
6'4
6%
7
F-A
plan)....
F-A
5%
1978
A-O
43%
48
22 Vi
93
3%
48
6
297
3%
351
18%
<
12%
Af-S
1st gtd 4V/2S
1947
series F
1965
Gen & ret mtge 3%s series G—1966
Gen & ref 3s series H
1970
Detroit & Mackinac 1st lien gold 4s 1995
ASecond gold 4s
1995
Detroit Term & Tunnel 4Vis
1961
Dow Chemical deb 2Vis
1950
Dul Miss & Iron Range Ry 3 Vis—1962
JADes Plains Val
Edison
20
'•'6%
*97Vi
104%
A-O
40
34
14
85%
99%
9
101 Vi
103%
108
108 '%
6
106%
9
22%
J-J
25
107%
A-O
J-J
._195Q
*107%
107
110% 110%
V'-v'
J-D
108 •''a
103
6.
*146'/8
r:'v. \SL
;
Af-S
•
-VV;/ i'i,1;
V'.""
110%
148
V "
*101% 101%
.
106
81
A-O
A-O
Empire Gas & Fuel 3Vis.
Railroad Co—
-.1962
J-J
95
1961
J-J
M 4s series B.
..1995
J-J
99'/a
99 Va
99%
..2015
J-J
60%
60%
61
81
:
..:
.
■
>.
Af-N
1971
62 ya
_
unguaranteed.
ref
&
,1997
77
./
69%
78 Va
60
105%
110%
111'%
117
*114'% 120
*55
62
46
*89%
93%
85
__
A-O
75
33
95
_5
61
93%
93'%
*175'4 182
95
83
,
86
170'A
174 Va
1954
J-J
*105
105
1954
J-J
*109'4
107
108%
1961
Af-S
*107% 108
105%
1950
6 '%s_^_-—........
ms
100 %
108'%
103 %
1%
4%
■
7
"\
103% 103%
Af-S
"4%
':v''--~7:77
106%
11
64
65
100 %
51
k
92%
100%
82%
/
M-S
106
55
*107
•—\
-
*101
'/••
104%
A-O
1953
F-A
5%s series D*
1960.
& ref
'100%
98%
101
98
97%
98 %
48
98%
98
98%
5
"101
\ F-A
101%
99%
101'/a
92 %
83%
93 %
88
80
89%
85 %
99
85
99%
to.
1947
J-J
J-D
92%
J-D
.
*86%
Lautaro Nitrate Co Ltd—
1st mtge
income reg.
Lehigh Coal & Nav
1975
f 4 Vis A
Dec
65%
65%
52
2
73%
1954
J-J
97
95%'-/97
20
78
97
Cons sink fund 4 Vis series C....1954
107'/a
99v'-:
1945
5%s series C
Lake Sh & Mich Sou gold 3%s_.„.1997
3Vis registered..
'
.....1997
65%
106'/a
Light extd 5s
ref
5s extended at 3%
80 Va
98
.
98% ' 99%
Gas
Lake Erie & Western RR—
22
;
.
*78%
106%
A
1947
39
•
*86
4%s
Coll
Erie
cons
y
J-J
Coll &
102
102 %
2
..1965
1st
73%
107% 108 '4
1961
Laclede
151%
100%
106
80
w'-£
•/'
..1965
stamped
5s
-s^
J-J
J-J
lAKreuger & Toll 5s ctfs
'
1970
68%
88
L
A-O
M-N
..1995
73 !4
r-i 0 CO
111%
•
.^1950
68%
J-J
E
1948
66
73'/a
90%
61
1
98 Va
61%
225
87%
J-J
....
67
96%
■
J-J
Koppers Co 1st mtge 3'/as
Kresge Foundation 3% notes
33%
46 vt
94
86
90%
1961
1st
108%
23%
23 '4
6
V-
87'4
87%
1st 4s
Kings County El L & P 6s
Kings Co Lighting. 1st 5s
107% 109%
J-J
Term
7
90%
1987
V
51
26
99
102 Vi 103
M-S
44%
28
98%
99
City
Plain
107%
*40
Af-N
85 Va
1%
*98'/a
A-O
19611
112%
30
*25 '/a
J-D
J-D
66%
43
7
A-O
Kentucky & Ind Term 4%s
Stamped
112%
110%
106%
7/7-- ;7,::
Kentucky Central gold 4s
98V4
110%
111
106
106
J-D
•>20%
89
110% 111%
tt
M-S
5s—1937
—1965
f§ADul Sou Shore & Atl gold
1st M 3 Vis
Duquesne Light
:
110%
A-O
4s
gold 4s_ .1990
*§AK C Ft S &/M Ry ref gold 4s_1936
ACertificates of deposit
Kansas
20
J-J
1935
Dodge 4s ctfs—,
lABes M & Ft
Detroit
1st gtd
Kansas City Southern Ry 1st 3s._ .1950
Ref & impt 5s—..Apr 1950
43%
*
20
4s
K
Kanawha & Mich
12%
43%
4%
42
1st
107
21% .48%
'
series B
ARef & impt 5s
& Clear
108%
476
V
Frankl
Jones & Laughlin Steel 3V»s._.
1/
100%
103 %
103 Vt 104
47%
80%
135
4
63'4
103%
*100 v4 100%
J- J
102'%
49
108%
56%
*102'4 102%
J-J
1936.
Aug 1955
to
6
1,048
5o%
101 %
95%
•;',y
80
James
76 Vi
J-J
4s—1936
JgADen & R G 1st cons gold
gAConsol gold 4V2S
108
*101
Dayton
70
92
6
*100% 101
79'4
—1955,
48%
14
79%
;
48'4
38%
J-J
1st & ref 4s
24%
23'4
43
Int Telep & Teleg deb gold 4%s._.1952
;
Dayton P & L 1st mtge 3s
6%
23%
35
/
103% 104'4'
•
Af-S
1947
85
45
45%
58 Va
J-J
1947
19 Ve
44'4
44'4
/
'
A-O
.1944
6 Vis
46%
108 Va
Debentures 5s
JAIowa Cent Ry
Curtis Publishing Co 3s
98%
24%
108%
103%
A-O
1972
ref
82
16
/•viw*
"
102
J-J
—1955
&
56%
103
48%
J-J
deb 6s
60
43 Va
102 Va
1956
Paper 5s series A & B
lien
106
h
47%
96
103%
..1956
sink fund 6s series
1st
"<
J«J
A—July 1952
B
A
39%
101
96%
series
Int Rys Cent Amer 1st 5s B
48
26%
4
100%
:
125
V
A-O
1947
gold 5s series C
I
,
80
A-O
Copper 4s—..:—1952.
conv
t Alntcr-Great Nor 1st 6s series A.1952
50%
V
65
62%
46
46%
*108% 110
A-O
108% 111%
.
J-J
Af-S
101
3
48%
'77
77
J-J
1956
..1986
38 Va
*46
•'
deb
extended
Inland Steel
1950
.
Ry 3 Vis series B
43
98%
43%
40'/a
•~ *'n
'
J-D
1946
to
receipts—
B
■;
•
A
109 Va
Union
50%
50%
MB-***.-
A extended
Deposit
series
*42
Ind ill & Iowa 1st gold. 4s.'.
?Alnd & Louisville 1st gtd 4s
Ind
38'/a
receipts
series
97%
110
111%
112%
107%
f-tel 2
,
*102% 102 Va
T—
RR 1st 5s gold
Deposit
A6s
—1950
f debs
s
receipts
ADeposit
A
F-A
1963
A
109%
110
110
M-N
A-O
J-D
A7%s
95
.1963
series
110%'
:
110% 110%
y
1955
A
64 Vi
*87 Vi
111 Cent and Chic St L & N O—
103
108
__
110%
M-N
debs—
Co 2Vis
Crucible Steel 3 Vis s f
A Cuba
*60%
J-J
1951
1st & ref 4Vis series C
Crane
58%
J-J
1951
Power Co—
Consumers
1st
J-J
78%
—1951
Springfield Div 1st gold 3%s
Western Lines 1st gold 4s
'
5s_.
Coal s f
Consolidation
Div 1st gold
J-J
96
96
96
26
75
96
99 %
s
Lehigh & New Eng.RR 4s A
1965
A-O
99 %
Lehigh & N Y 1st gtd gold 4s
104%
1945
M-S
*944
94 V8
1
95
101
87
95
88%
89%
86
93
Lehigh Valley Coal Co—
F
1st &
;5s
Firestone Tire
Af-N
Rub 3s deb——1961
&
Af-N
—1958
Flintkote Co 3s debs
of
ACertificates
deposit—
trust 6s
9f
35%
96
96
12
48
12
17
98
97
38%
41%
4%
98
5s
41
Vi
15
14%
102 '/a
*103%: %--
M-N
98
19%
134
103%
80 Ve
98
5s
Goodrich
(B
F)
1st 4Vis
Grays Point Term 1st gtd 5s
Northern 4Vis series A
23%
*43
105%
'•
24
7
48%
iki-v
MS
*100'/a
'
19
.)
30
7
105'%
*101% 102
J-D
'
98
24 %
105'% 105%
~t~ nt
99'%
'
'
'
a
103
34%
101%
97
99%
109
112'%
14
102%
112%
-1973
J-J
16
92'%
108%
——1976
J-J
99
83%
102
1.1977
J-t/
98'%;,
83%
100%
1946
1946
1967
J-J
103
J-J
103 Va
& West deb ctfs A———.
Feb
General mtge 4s series G
Gen
mtge 4s series H—_
Gen
mtge 33/is
Debentures
series I
ctfs
105%
J-J
B
91
4
105% 105%
•
Va
%
99
99%
34
98
98%
67
103
Va
103%
25
99'%
105 Va
18
99
103'%
G5
75'%
102% 103'%
91
*62'%
Feb
91%
70
-
.
58
13%
15
90%
90'/a
90'%
20
69%
94%
J-J
64
64
64'%
11
54
&
ref Term
J-J
Gulf States Util 3Vis series D
*97
A-O
—1952
..1961
1969
f 4Vis
104'% 104%
Af-N
*109'% 110%
—
;"//
stamped .modified
63
8
63
56 Va
57'%
53
44
66
62'4 4 63%
34
52%
75'%
Af-N
32%
32VVJ;32%
67
29%
Af-N
35%
30
..2003
Af-N
J-J
f§AHousaconic
1937
14%
Af-N
Hudson
Ry cons gold 5s
Oil 4V4s
Coal
1st
debs
f 5s
s
Hudson
Co
Hudson
& Manhattan
Gas
1st
series
A—1962
gold 5s
I
__
*131% 133
81%
105'/8
J-D
54'%
81%
53%
18
5s
Little Miami
gen 4s
54%
52
Long Dock Co 3%s ext
40'%
46%
61%
A-O
26'%
26%
26%
59
19%
31
.1951
J-J
101%
104%
97%
100%
RR—
103'/a
104 %
5s
debenture.
.1951
J-J
*96'%
.1951
A-O
*96'% 1
1951
Af-S
*44
1952
1.1*1
Refunding 4s
Purchased
Collateral
For
lines
trust
footnotes
3%si——III—
gold
see
.1955
1952
4s_I—"III .1953
paee
1556.
.
A-O
61%
61%
92%
97
96
97
60 3a
60%
51 Va
'
65
62
15
*105"
A-O
—1949
Guaranteed ref gold 4s_.___r
1949
4s
stamped.......
/
1949
Lorillard (P) Co deb 7s
__,.2._,1944
99%
102
Af-S
103%
103% 104
25
98 Va
104%
Af-S
103%
103 % 103%
26
98%
Louisiana & Ark 1st 5s series A
Louisville Gas & Elec 3%s
1969
J-J
1966
M-S
Lou & Jeff Bridge Co gtd
1945.
Af-S
2003
A-O
2003
A-O
2003
104%
105%
A-O
.
F-A
A-O
4s
—
Af-S
.
■./
1951
Louisville & Nashville RR—
1st & ref 5s series B
\
*121% 122
92
ref
4s
series D.__.
...
91 %'?; 92 %
Ve
*_L
*
38
110
120
122%
78%
111
94%
109%
111%
103%
102%« 103 %
104 Va
■'
Ry joint
,
4s_.
monon
*•;.
88%
103
v
j-j
92%
68
103
*104'4
.
■' ;-.w■'
-
I
)'1.100'%
100.'4 100'%
30
*11()% 111'%
95'%
106'%
103-
109%
105
78'4
104'% 104'%
Af-N
100
105%
,
93'/a
104%
..
104%
•■•*
85
108
104 3A
102%
5
—
*93%
u-s
•7:
94'%
9
97
*108'/8 108%
'V-
?•'.
Af-S
:
1952
103'/a
36
96%
91%
F-A
,/
1955
•
92
J-J
7
:::V7.7 6
106
103%
■!.'
106'4
102'% 103%
106
•"
7-
1980
105%
94
110
—
101
110%
M
Maine Central RR 4s series
A—..1945
Gen mtge 4%s series A—
^..1960
J-D
M-N
f 5s
s
Steam
Shovel
s
f
6s
67
Af-S
1953
'Af-N
•
(Stamped modi
A-O
McCrory Stores deb 3%
1955
'
50
—
■--7
65
McKesson
1956
59%
59'%
60
82
47
60%
Metroo Ed 1st 4%s series D
j-J
56'%
55 %
56'a
21
I960'
57%
61 Va
81 Va
61%
47
46%
Metrop Wat Sew & Drain 5%s
1950
A-O
61%
*101>
1938
F-A
102'/a
-
89%
99 Vt
105'4
106%
106%
109 Vt
111
113%
*9b
107%
Af-S
43%
u-N
70
103
100
*112
J-J
M-N
39
100'4
—
84
*98
99
*lo£f% 108%
A-O
3%s
55
50
*102
__
Q-A
Robbins
70
45%
f
1945
&
59
49 Va
(V/.
'
ext 5s
47%
*55
A-O
Market Street Railway—
94
6
36
91
*25'/2 :'
__
J-J
1947
84%
55
67
*50Ve
__
-
Stamped
16
54%
68%
91
J-D
Sugar 4s sink fund__Feb 1 1957
(Southern Lines) 4s
1959
t§AManitowoc Green Bay &: Northwestern 1st gtd 3%s____
1941
Marion
JN
*98
{.V 109%
122%
•AManila RR
7
105
107'/a
118%
47
103% 103 V4
1
107'/a
62%
117%
56%
J-J
105j« 105
75
105%
"i
122%
88
55%
.1981
107
50
:l
106
1950
to..—.
Long Island unified 4s
AManila Elec RR & Lt
Illinois Central
55%
115
*107%
Manati
AAdj income 5s
35%.
5
U-N
V
133'/a
56%
."
18
68
105%
F-A
119
41%
1962
series A
/'■:
M-N
*—
31%
121%
1960
1957
__
45
*121% 122'%
111%
1949
A
40
32%
F-A
110
103
28 Va
68
A-O
A-O
80
105 Va 105 Va
42%
9
62
107
J-J
127
ti
34%-j 36
7 7
34%
*123 // _w/-/
J-J
1950
Feb 1957
1st
68
A-O
1945
■
71
1951
97%
.7.
M-N
1954
Houston
42%
A-O
31
''
4t'/8'f42%
*
2003
debenture—
South
1999
73
63/
1946
Hocking Valley Ry 1st 4Vis
71
03
2003
H
73
68 Va
J4;
57%
106
97
.
65 Va
F-A
102 Va
I
71%
J-J
5s stamped modified..,
_____2003
Lehigh Valley. Terminal Ry ext 5S.1951
1st 50-yr 5s gtd_.
1965
Libby McNeil & Libby 4s_.__—
1955
Liggett & Myers;Tobacco 7s
„1944;
1st &
stpd
M 5s
s
•
1954
1974
69%
& Ship Island RR—
Gulf States Steel
-
69%
13%
J-J
2015
mtge inc 5s series A
9
93%
1975
Gulf Mobile & Ohio 4s series B
Va", 68 Va
"'-•••
1950
stamped..
4V2S registered
5s
„■
13
'VV'-
,
4Vis
-V •/
F-A
Lehigh Valley. RR—
4s. stamped modified..........
2003
•
4s registered.,
......2003,
55%
10
:3:
65
V7.,:l.^ ;
75
109
111% 111%
--
65 '4
...1974
7-;'-_^':7
87% -87%
*--v
1964
/
7".-;I..7'7.7.;h
87'%
F-A
Lex & East
'"'
110'% 111%
General 4Vis. series E—
1st
-t'-"
102% 102%
:
J-J
General 4Vis series D
Gulf
J-J
J-J
'-V
•
J-J
General 5s series C
AGen
'
V
stamped.....:
;v
,
1952
General 5Vis series B—
A
"
102%
j-D
.1946
1947
1961
Great
AGreen Bay
J-J
1956
Gotham Hosiery deb 5s w w
;
J-D
5s—^.1949
Gen Steel Castings 5Vis
1949
JAGeorgia & Ala Ry 5s
Oct 11945
f§AGa Caro & Nor 1st ext 6s
1934
F-A
1964
Leh Val Harbor Term gtd 5s__
Lehigh Valley N Y 4%s;ext.
.1
Gas & Elec of Berg Co cons
1954
„.„.._1954
./■ 1st & ref sink fund 5s
20
35%
33%
11%
11%
J-D
106
76 Vi
0
33 Vi
ref sink fund 5s
stamped...
1st & ref sink fund 5s
103V4
83
__
11%
M-N
105
10 i%
33%
1956
1956
Machinery Corp 3s debs
Francisco Sugar coll
96
MS
/
JFonda Johns & Glover RR—
§A2-4s (Proof of claim)
—1982
ACertificates of deposit
Food
*104%
J-D
—_—1974
& ref 5s series A
A 1st
50
*102% 103 %
j. j
5s—1943
East Coast 1st 4%s
1959
$AFlorida Cent & Peninsular
;Flonaa
102% 102%
.
107% 107%
2
■
?§ AMet W Side El
(Chicl
4s
'
__
112%
92%
* 11%'/ 12V2
6%
96
12%
'
Number 4221
158
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
1555
NEW YORK BOND RECORD
BONDS
New
York
Week
Stock
Friday
Exchange
Ended
Interest
15
Period
Oct.
i
Week's Range
Last
or
BONDS
Friday's
Bonds
Sale Price Bid & Asked
Low
High
New York
Range Since
January 1
Sold
No.
Low
■
Week
1st
Lans
& Sag 3%S——
3%s
gold
Ref &
1951
impt 4%s series C
M-S
1952
-
M-N
—1979
*90
i
J-J
—L
■
Michigan Consol Gas 4s
1963
tSAMidland of N J 1st ext 5s
1940
§ Consol
pit 4%s
M-S
Jr'u
.
74
L
jV
_
54 Vi
54%
*85%
,tji1939
J-D
65
52 Va
52 Va
J-J
{A Minn & St Louis 5s ctfs
1934
M-S
1949
M-S
1962
Q-F
A 1st
ref
&
ARef &
gold 4s„
ext
—
50-yr 5s series A
5s
1938
6s
Alst & ref 5%s series B
X A Missouri-Illinois RR
Mo Kansas & Texas
1938
J-J
6%
M-S
j
i
1978
30%
839
16
1st
J-J
Prior
lien
ACum
4Vis
adjust
16%
30%
106
15%
30%
6%
12
4%
3%
8
29 Vi
6 Vi
3%
4;;
■
M-N
*72%
75
1%
deb 5%s
52%
A
Certificates
AGeneral
of
62
60%
62%
324
40%
50
51%
121
33Vi-
series
A
1998
J-J
2014
A-O
1961
J-J
53
52
53 >/4
28*8
27
29
139
35%
4Vis
Ohio
1965
F-A
of
(stamped
ref
&
of
M-S
22-%
21
22%
360
56%
55 Vi
56%
254
35%
of
deposit
G„
55 Vi
55%
~.°9
35%
1997
56
55
56
96
36 Va
11;•
10
11
153
5%
55
55 %
129
36%
36%
deposit
of
—1981
F-A
Constr
M-N
ref
M
16
35%
59
series A
'•
102%
55 Vi
55 Vi
nnvi 113
A-O
J-D
106 Vi
100
45%
Consol
3%s debs
M-N
45%
M-N
41
110
—
11
89
100
.
v.
cons 5s—
10
99%
37%
.1949
1952
45%
33
41V2
31%
108%
■■/.■■.
M-S
A-O
/v
111%
78 Vi
■/
35%
104%
;
1st
1955
82%
series
of
of
ACertificates
i'v'.
'
95%
A-O
81%
&
impt 5s series C
2047
J-J
&
impt 5s series D
,2047
J-J
States
Central
Y
RR
A
of
"
\
'
V
.
series
A
1st
River
series
C_„
___
■"
*.-
68%
66%
65 %
A-O
1st
V
60'%
Y
A-O
•
112%
101
M-N
111
307%
110%
2
107
110
9
102
104%
104%
106
105 %
107'A
1083/4
109%
109
110%
102Vi
*105%
J-D
106%
•
—
106% 106%
5
J-J
-'LA,
•.\v
/
*108% 109%
•
■
_
J-J
110
110
110
3
J-J
109
108% 109
32
106%
110%
3
99%
105'A
J-J
103% 103'A
f
99
J-D
series G
—1964
J-D
110%
110% 110%
1961
J-D
111
110% 111
110%
1966
J-D
1st ext gold 4s—1938
3
15
105%
92%
99%
109%
112%
6
110
112%
iio3'4 110%
J-D
1971
99
4
105% 105%
J-D
1970
series J
99
2
109
112%
103 V 1063/4
105% 105%
103
Broadway Corp—
gold 3s loan ctfs—1955
*110% 111%
*105
104
M-N
-
105%
*108% 109 %
J-J
1960
lul%
95 %
J-D
gold 4%S—„ 1955
96 Vi
*101V§
A-O
—1966
*106 A
*104% 105
302%
108%
deb
Trans
6s_„
F-A
/,' 30
4
67
/;
57%
:i5%
ctfs
4s
_
64 Va
Penna
50
75%
4Vis
.
1st
ref
&
lis
103Ve
••_"_'
107
102
1033/4
106%
1081/2
101
1073/4
5
104
106
■
107 Va
106
.a"
J-D
1968
Light 3 Vis
•'
J-J
1981
D—
J-J
—1969
ser
.
A—Y
.'•
106
*108'A 109
104%
1093/4
108%
102
104% 107%
103%
104%
109'A 109 3A
7
106%
109%
108'A 108%
11
98%
108%
2
108'/a
110%
108
1101/2
83%
85
5134
1998
F-A
F-A
62%
*58
A-O
1965
.
A-O
1966
106
4%s
1965
J-D
108%
108'/a 109
5s
116'A
115% 116'A
96 Vi
44
A-O
104% 105 Vi
29
96 Ve
106%
67'%
Gen
105
104'A 105
19
95%
106%
Conv
J-J
A-O
4s—
,—.——1947
—1947
i-,.1954
A-O
87%
Peoria
A
ANon-conv
deb
4s
2
J-J
Peoria
ext
—I960
A-O
551/2
Apr
F-A
21
;
Pere
"l
-
99%
65
/
86 A
108
64%
83
57%
76%
M-N
100
102%
1
118%
129
111
120
107 Vi
109%
70
39
42
41%
43%
1
99%
Phila
1967
M-S
111% 111%,
2
110%
112%
1971...
J-D
104% 104 %
3
102
1043/8
110 '/a
,
74%
Electric
1st &
34
52
31%
49
31 %
ref 3%s
1
.
ref, 5s stamped———
1973
1949
deb 6s_i
AConv
_
3s
,
52
of
ACertificates
Petrol
;
1963
1st s f 4s
deposit—
:,1937
l%s
J J-J
—
_
.
Series
D 4s
guaranteed—L
Series E 3%s gtd gold
Seriis
F
4s
42%
41%
42%
152
32%
53
Series
G 4s
41%
41%
41%
12
31%
49%
Series
H
J-J
1945
■
87
37%
62%
Series I
17
49'A
78
Series
16
17
8'i
21
1967
Gen
J-D
J cons guaranteed 4%s„1964
mtge 5s series A
1970
44
45 3/4
150
36'A
55
Gen
—1975
stamp—2—1958
1st 3ViS—
1963
page
1556.
8%
8
8%
3%
A-O
4
52%
53%
M-N
*
J-J
105% 105 Va
J-J
—
108%
108 %
110%
108%
28
8
63/4
12%
2
41%
7
58%
110
111%
1043%
108%
106%
1093/4
321
18 %
496
20%
v8%
7
18%
12
106 %
104%
10
106%
3%
4%
8
103
43%
104
9
7Va
102
110%
105
273
cons
4%s
Pitts Coke & Iron
Pitts Steel
1st
1st
conv
105%
mtge
& Char
Pitts & W Va
1st
1st
4s
1st mtge 4Vis
gtd
1950
1943
series C
1959
1960
113
111%
.
4
123
113%
112%
114
n93a
123%
119%
*123
123 Vi
105%
116'A
114%
114% 114%
115%
114% 115%
82
105
117
107%
'
T
J-J
...
1950
4Vis series A_,—1958
1st mtge 4%s series B
123
110
—
A-O
1977
4 Vis..
..
*112%
M-N
J-D
4V2S A——1952
mtge 4Vis series B
-
F-A
1963
mtge 5s series B
Gen 4%s series C
Pitts Va
—
*113%
593'4
J-D
43%
*113
F-A
49%
M-S
107%
*104% 107
1960
15%
{AN Y Ont & West ref
gold 4s—:
1992
AGeneral 4s
1955
N Y & Putnam 1st
cons gtd 4s——1993
N Y Queens El Lt &
Pow 3%S—1965
N Y Rys
prior lien 6s
*105 %
guaranteed 4s
cons
593A
103%
rl02%
F-A
47%
%
*4%
102
J-D
M-N
48%
90
7
7
M-N
59%
1
.
1949
M-N
103'A'103%
96
—
105 Vi 105%
1953
1957
A-O
M-N
T$5%
guaranteed gold
guaranteed—,
J-J
t A Harlem River & Port Chester—
16%
17%
—
1951
debs
1957
—1954
25
42
43
M-S
1940
4s
15
106% 107
Pittsburgh Cine Chi & St Louis—
J-J
45
1071? 1073?
107
M-N
debentures
{§APhilippine Ry
J-J
M-S
1962
Philip Morris Ltd deb 3s—
49%
33
&
1st
ref mtge 2%s
M-N
>
—
{Philadelphia & Reading Coal—-
80%
5
■
107
J-J
2
19
*120%
104%
129
1961
60
1
'
.
129
1981
55%
5
*106% 108 Vi
J-D
General 4%s series D—
.
100
65'%
—;
Philadelphia Co coll tr 4%s
100
42
6
78%
101%
1123%
106
91
34
28
J-J
J-D
I'll
39
72%
79%
88
106%
101
./
22
107
72%
gold 4Vis series C—,—1977
■
58%.
53a
71
General
—
44%
106 VA
793/4
102'A
100
■
B
105
1952
1943
3%s deb—.
1st gold 4s
series
56
21
*105% 107
F-A
Wash
56
19%
99%
112%
71'%
1974
1103A
41%
55%
90%
111
79 Va
5s
Dodge conv
6
J-J
General
Bait &
56
M-S
85%
Phila
99 Vi
1980
gold 4Vis series C—
1948
Alst & ref 4Vis series of 1927.
97
86%
§ACollateral trust 6s
—
89%
86%
ADebenture
4s
V;
J-J
.
117%
41%
1974
94%
1153/a
41'%
Ry 5%s
64'A
109
42
Union
77%
*115% 115%
64
4s
Pekin
&
69
2
43%
—1956
4s
Eastern
Income
82
70'%
99
M-S
169
'
7
41%.
12
111% 111%
1947
Peoples Gas L & C ref 5s
1st
99%
M-S
3 Vis
96
99%
Apr 1990
86
&
■
61
99'%
M-S
3 Vis—
certificates 3%s.i—1956
.
66'%
>/•
18
70
deb
4s
deb 3 Vis
Phillips
1955
—1984
—1952
mtge 4 Vis series E
50%
29
*104
deb
117
96%
105 %
47%
__
78'%
65%
110%
J-D
A-O
69%
90
'.
111'A 111%
' '
99 %
124%
108
55
119%
101%
.
1968
series
483/4
623/4
60
106'%
M-N
88%
..1970
A
M-N
97%
B
*109'A 1093/4
'"//'./> ///'
F-A
4s series A—i._1973
A
Marquette 1st series .A 5s—,1956
1st 4s series B—:
1956
108% 108'%
4-0
J-D
series
98 %
gold 4Vis
53
6
773/4
99%
.
27
General
.
66
'
100'% 100'%
78
123 Va
75
.
May 1 1948
74%
6
25
*101% 102
F-A
63
123
Phelps
A-O
11
98 %
123'/a
-—1948
—
series
67 %
183
61'%
J-D
110'A
793%
61%
52%
208
61%
A-O
no
M-N
M-N
A-O
F-A
61
'22—
•
110
110
1970
1960
gold. 4s,,
dollar
mtge 3%s
67
F-A
•
;
General
79%
1951
———1974
sterl stpd
Debenture
67
1965
:
F-A
F-A
109
24
C
Cons sinking fund 4Vis
Conso!
4s
47%
653/4
—1947
&
debentures,—
Gen
52%
783/i
■
82
97
117%
Pennsylvania RR—
70
243 ,!-'/
67
•
-
8
*108% 109 Vi
M-N
F-.4
4%s series B
3%s
Power
71%
300
84
••
105
72
75 %
*102
J-D
,—1952
—1963
trust
Pennsylvania Glass Sand 3%s__,—1960
49%
41
111%
.105
/
■
3%s -trust ctfs D_„1944
Guaranteed
50
/•'; 54
110 %
109
81%
s
106 %
F-A
J-J
1938
96
44%
/
Vi
'
'
'
M-N
see
10
109%
109'A
102
813/4
44'%
^
19%
106'A
107% 107%
95%
64%
6212
85
.
F-A
deb
For footnotes
12
14
*115%
97%
56%
83
1973
Corp
42
/
HO'/i 110%
:
,1946
1st s f
Secured
62
62'%
ANon-conv
N Y Steam
110%
gold 5s
series C
108
55
56
83%
—2000
6s
4s
Gtd 4s series E
121
A-O
ANon-conv
1st
110%
110%
101
'
2
15
A-O
96%
{N Y New Haven & Hartford RR
deb
109 Va
4
v'"
108'/a 108'A
*109% 110%
M-S
51%
/
81%
4Vis series B
AConv
108 Va
—1944
48
93
gold 3Vis
deb
El
Pennsylvania Co—
97
60'%
M-N
gold 5si—1948
Purchase money gold 4s
2_.1949
West
1st
108
Erie—See Erie RR
ADebenture
•
111
59
2013
Y Gas El Lt H & Pow
ANon-conv
18
112
101
General 4V4S series D—„ 1981
80 5/a
3 Vis series E_—
N
A Non-con v
68%.
Paterson & Passaic G & E cons 5s_1949
*103%
F-A
1947
3%s series D
&
M
1st
I' 'X '"••
92%
:
N
Lack
Co
Pa Ohio & Det
33
72%
81
notes
Harlem
Paramount
'
J-J
i—1950
gold 4s
ref
J-D
4Vis ser A„ -1962 '
mtge
mtge 3%s
47%
71%
923%
Dock
&
Ref
80'%
91
66%
M-S
Connecting RR 3Vis A—
lien
68'A
55 V 2
14%
J-D
1945
5s
14%
.
J-J
con
ref mtge 3%s series H
ref mtge 3 Vis series I
&
41
*'/}
69
A-O
Y
Edison
1st
//;
MS
1966
3%s
Transmission
Parmelee
;■/;
70
68%
_2__1974
3 Vis extended to
1st
J-J
M-N
1946
104%
3
70 3/4
,—2—1978
Y
N Y
69%
h-Y- y.Vv '
•
J-J
N
&
70%.
J-J
debentures
Conv 5%
55 VA
20
112
1972
Elec
debentures
103
•
33
60
1998
A
series
mtge
9
65%
101
101
1967
...«A
A
Panhandle East P L 3s B
85
Chicago & St Louis— ;1
5 Vis
Y
73
83'%
69
1997
N
N
*.
1998
4Vis
&
57
1998
registered
Ref
1st
94%
57
'
•
.2—1997
3%s_.
registered—
Ref
N Y
941%
4952
registered
Mich Cent coll gold 3%s
1st
65%
65'A
103% 110
M-3
J-J
1965
mtge 4s
mtge 4s_
Paducah & 111
82
106%
1
10
74
2013
-J,
3%s
6s
94%
'.F-A
1998
Lake Shore coll gold 3%S—.
New York
"l
39
•"'•X * \ '
\
impt 5s series C
3%s
■
*68
impt 4Vis series A__
Hud
/
125%
104% 104%
deposit
&
&
1964
Pacific Tel & Tel 3%s series B—1966
118%
>104%
F-A
1954
&
Cent
7c%
%'
94
—
Conv secured 3Vis
3%s
65'A
■
65%,
F-A
1967
1944
Teleg 4Vis ext
§A2d ext gold 5s_
85%
122%
15
A-O
.1956
Ref
Y
70
116%
1033/4 103%
'
deposit—
Ref
N
■
Co—
1st & ref mtge 3Vis
1st mtge.3%s
fAPac RR of Mo
119
2
95%
deposit—J,
4s
116
36
//; ?.' •;
Newport Si Cincinnati Bridge Co—
General gtd 4Vis
N
Power
1st & ref M 3s series K
,
100
'13
103%
J-D
•"Y-
D
'' '
1
105
77
•94
-7
deposit
of
series
82%
106% 106%
1956
series
103 Va
:
124%
A-O
1954
—
C
series
ACertificates
r
56
66 Vi
1st & ref mtge 3s
105
*81
deposit—i.
B
ACertificates
'
58%
160
'
of
A Certificates
*
42
79
Gas &
106%
101 %
17
F-A
J-J
5Vis
89
•40%
P
82
"95
116'% 116%
124 %
.
A-O
ACertificates
102%
4
/
82
82
116%
M-N
gtd 4s„4. .1953
Alst
1
78%
'
J-D
.
;
-
'•■•■
82
J-J
/
J_. 1986.
series B
//;■■
104 '% 104%
J-J
1st 5s series A_..1952
Orleans Term
Alst 4%s
79
50 Vi
78 %
Coast
108'%
8
/•f
687/s
105%
*116'/a 116%
JNew Orleans Texas & Mexico Ry
$ANon-cum inc 5s series A—J. .1935
5s
69
54%
50%
46
.14' '•
102% 103%
j-j
Alst
.
53%
50%
33
103 Vi 103%
,
103%
j-j
5s
94 Vi
51%
2
J-D
1983
5s
79% /-
*100
4%s—i_. .1952
Alst
87
69%
'./ 72%
',
J-J
112%
M-N///:
1st 4Vis——J.
Light
1st ref & imp
Ori Puo Ser
New
121
2047
110%
1063/4 107
M-3
1961
RR gtd 1st 4s
79
J-D
u 1945
J.. 1945
RR gtd 5s
gtd 4s
ref
89.
*85
65
50
impt 6s.series B
1st
F-A
,
.I960
&
54%
67%
&
Otis Steel
100
40%
*112
.1948
gtd 4 Vis series B
1st
•'/■'/
_
''
88'A
Q-A
gold 4s_. —1946
Ore Short Line 1st cons gold 5s. ..1946
Guaranteed stpd cons 5s
1946
1961
Oregon-Wash RR & Nav 4s
96%
45
M-N
Orleans Great Nor 5s A—J.
New
89%
*—
62%
Oregon RR & Na'v
107%
103%
109 V4 112%
Vi
*
1954
New England Tel & Tel 5s A
New
48
■'
50%
Ontario
113%
38
J-D
1960
3%s„
Gas
England
N O & N E
114%
102
4s
1133/4
45%:
1947
{ANaugatuck RR 1st gold 4s
&
113
—
132%
123
60
mtge 3%s
Oklahoma Gas &
65
45%
1968
1st gtd 5s
Prod
Distillers
Pow
324%
119%
a
-
/''
Q-F
2047
1st
107
111%
.
96%
100
J-D
3'As sinking fund debentures./. ,1949 /
National Steel 1st mtge 3s
.J. 1965
J
6
49
40
59'A
1st &
N
-
Q-J
Jan 2047
t§AOg & L Cham 1st gtd gold 4s_1948
102%
45
106 Vi 107 Vs.
*94 Vi
—1955
91%
101 %
*113 Va 113%
M-N
—1955
& T 3Vis
Si St L 4s series A_— .1978
Prod
N J Junction
130 V
85%
29%
34
595 a
Pacific
1st
73
49
J-J
Ohio Edison
N
A Consol
803'a
36%
130%
2047
Pacific
{ANew
106
impt 4 Vis series A
(Wise)
59%
38
105Vi 105 Vi
A-O
3%s„—1966
4Vis series B
Mutual Fuel Gas
342
55
102 ii
F-A
gtd 3 Vis——2000
States T
102%
M-S
5s
1st
M 5s
Constr
Newark
112 Via
102%
&
1st
ext.
!—1951
Morrell (John) & Co 3s debs—i—1958
Nat
110%
308%
Ref
Northwestern
•
1965
1st &
56
54%
July 1938
gtd gold 4s—1991
Tramways
Essex
55 Vi
56
deposit.—A.
1st
Power
Clmtt
108%
5
5
/':/
58
of
debentures—
Dairy
22%
59%
—
Nat
111%
8%
15%
55%
.
Nash
109%
58%
35%
M-N
Monongahela Ky 3%s series B——1966
Monongahela W Penr. Pub Serv—
1st mtge 4Vis
I960
Mountain
273/4
A-O
Moh'k & Malone
Morris &
90
5
44
59 3i
M-N
11
deposit
t§AMlssouri Pacific Ry—.
3rd 7s extended at 4%
Montreal
/
Q.J
1997
ry & Id gold 3s
registered—
(Minn)
58
—1978
ref 5s series I
Montana
34%
*130
—
-
Pacific prior lien 4s
Northern
59%
55 %
1949
ACertificates
6s
59 Va
M-3
16
Ref
..
59%
—1977
5Vis
ACertificates
&
35%
gold 5s series H.....1980
gold
& ref
Alst
100
56%
35%
deposit
series
5s
ACertificates
AConv
A 1st
55%
•
.
1975
of
*72%
36 V/.
A-O
1945
guarantee)
lien
3s
19 %
/
can¬
registered
Gen
/
38
series A
Ref
56%
i
4s
ACertificates
Alst
F-A
83
.
Ry—
a Certificates
Northern
56 Vi
19
94
ref
& ref 5s
gen
mtge gold 5s
cellation
52%
A-O
/•■V
17
105 %
*115%
;»
Alst & ref 5s series F_
105
—
M-S
&
Alst
63
51
1
109% 109 V4
,,
:
45 Vi
9
*108% 108%
AO
1974
Gen
,.
J-J
—.1978
deposit
16%
130
Central
{Northern
59%
6
2
110
16%
High
31%
'•£'12
*123
100
41%
J-J
series A_.
5s
110
22
85
110
J-J
85
O- A
72%
98 %
140
52%
51%
9 V
85
J-J
Ref
Alst & ref
9 Vi
M-S
7%
64 Vi
■
*99 Vi 103
J-D
5s series A—Jan 1967
{Missouri Pacific RR Co—
Vi
Low
14%
1974
10
—1962
D
9
January 1
No.
34%
North
31%
,
1962
series
■
Range Since
Sold
Ry Co—
4 Vis
mtge
4s
series A—
(Md)
mtge 5s .conv inc_—
t§ANorfolk Southern RR 5s. A
Missouri-Kansas-Texas RR—
Prior lien 5s
1943
A Gen
30%
.26
•
J-J
1990
40-year 4s series B
F-A
1940
ATerminal 1st gold 5s
Norfolk Southern
8
31%
3 Vi
5s—__1959
1st
5s_
Bonds
High
*12%
M-N
8%
2Va
Friday's
33%
MS
30%
2%
12
29%
30%
J-J
1st 4s„
9%
44
31
30%
—1946
A
18
5
gold
1950
65
8%
30
F-A
Niagara Share
57
61
.
or
34%
Niagara Falls Power 3Vis————1966
Niag Lack & Ont Pow 1st.5s A—1955
,
—1949
series
5%s
.
8
'
J-J
Alst & ref
27%
;j,
1937
3%s series B
——1967
{§AN Y West & Bost 1st 4Vis
1946
67
4%
8%
—
J-J
2
A25-year
723/4
J-J
N Y Telephone
63
85%
38
9
Week's Range
Last
Sale Price Bid & Asked
Norfolk & Western. Ry 1st gold 4s_1996
8 A 1st stamped 5s gtd as to int
»
49 Vi
27
52%
29
109%
'
{Minn St Paul & Sault Ste Marie
§ A 1st cons 4s stamped—->.—1938
§ Alst consol
§ A General
78
65
65
»
30
2
.
1937
-
101%
104
,
'4. V'Y
65
M-S
7
Period
{§AN Y Susq & W 1st ref 5s
§A2d gold 4Vis
92%
57%
104% 104 y4
V'-'",;','.
{AMilw Spar & N W 1st gtd 4s—1947
IgAMilw & State Line 1st 3%s
1941
._
78
97
*73%
y.'&V
J-D
A
.
Interest
15
Low
,•
A-O
{J.AMilw & Northern 1st ext 4%s—1939
92
*100%
-
Friday
Exchange
Oct.
High
Michigan Central-^
Jack
Stock
Ended
.
106 Vi
1063/0 106%
10
100
M-S
J-D
J-D
M-N
102
101% 102 %
9
95
*103 %
56%
5734
19
A-O
57%
57%
5
57
56%
57
1033 s
103'A
—
106
J-D
A-O
98%
98%
—
*102% 103
103
17
55
64
53%
63%
53%
64
THE COMMERCIAL & FINANCIAL CHRONICLE
1556
NEW YORK BOND
Stock
New York
Oct.
Last
Interest
Exchange
Ended
Week
or
Low
Young & Ash 1st 4s ser A—1948
Pitts
A;,—
J-D
1962
.-1974
——1977
BONDS
Friday's
Bonds
Range Since
Sold
January 1
Sale Price Bid & Asked
Period
15
High
' *108
No.
Low
New
gen
1st
gen
5s
series B_.—:—
series
1st 4%s series D
Portland
5s
Elec
Gen
C
El
Potomac
3Vis
M
1st
Pwr
J-J
-L.
1977
98%
110
F-A
J-J
113
90
Gen
*110%
100 Vi
107 Vi
108%
110
100%
106
*106% 107
J-J
1951
mortgage 3'As
Car deb 5s
1st
Pressed Steel
123
110
&
ref
&
ref
5s
series
Gen
97
Terminal 4s
Public Service El & Gas 3Vis
100%
&
1st
ref
mtge 3s.
1st
&
ref
mtge
5s
1st
&
ref
mtge
8s
Public
of Nor 111 3 Vis
Service
Af-N
*13%
*92
J-J
14
16
__
.
95Vi
"
.
&
ref
5s
series
7
2
*107%
;
series
B_,
J-J
J-D
*222%
Toronto Ham
Trenton
148 Vb
112 Vi
106%
1977
A-O
C
1979
A-O
1980
J-D
1951
1997
1997
& ref 4VaS series A—
Gen
& ref 4 Vis series B
Range Since
Sold
January 1
No.
Low
81
High
101%
81%
116 Vb
49
68
88%
80 Vi
80
81%
84
67%
80
79 5/8
80%
38
67%
85%
110% 110%
6
103%
110 Vi
28
62%
188
21%
37%
7
87%
100%
1964
M-S
—
1960
J-J
71
A-O
30%
70%
71 Vi
29%
31
98%
West
&
1st
Buff
& Elec
4s
1950
A-O
1st
gold 4s__1940
gold 5s
1949
deb A
1953
99
99%
99%
*102% 103
*
J-D
»
1st
—
Af-S
J-J
•
112%
3
.91
101 %
100%
116% 116%
*106
107
97%
97
97%
38
88%
J-J
93%
93%
94
55
78%
J-J
93%
93%
93%
12
78
J-J
106% 106%
5
F-A
104% 105 Vi
24
105
105Vi
100% 100%
117
105%
107 Va
Af-N
,111%
111% 111%
A-0
F-A
.>1967
>•' i-''
J-J
112%
15
110%
104%
11
103
105%
103% 103%
1945
—1959
"O-J''/'
99%
1971
7
100%
104%
37
107%
109%
*10
104
Va
9%
__
104
•>"'
K
t§ARio Grande June 1st gtd 5s—1939
J-D
A 1st
82
80%
mtge
A-0
48%
47%
.
—
108 Vi 108%
104
103% 104
18
97%
M-N
104%
103% 104%
20
97%
101 Va
105%
198U
J-D
110%
110Vi 111
20
106 Va
100
102
A-O
3
105 Vi
66
135
__
*108%
35%.
o-J
34
J-J
101
101
101%
25
94%
102%
F-A
100 Vi
100% 100 Va
30
100%
101 Vi
50
1944
Af-S
101%
102
124%
124%
jl,..';
"V ■
United
//
■
States
/
109 Vi
1.125s
22
38%
Corp—
14%
2.10s
15%
Nov
-
2.05s
9
5
Steel
Serial debentures
/
'
108%
39
12 Vi
108%
A-O
1958
2.15s
12
12%
108 Vi 108%
1952
83%
27
75
__
35%
*11
■
108%,
105 Vi
104%
111
58 %
183
110
M-S
•
>
V-;
*111%
■'\*v
M-S
M-S
108%
A-O
1971
*124%
:
__
J-J
1970
105%
10
48 Vi
M-S
M-S
1947
101 %
14
82
1967
1967
1969
1934
1949
1941
3%s series H
Gen mtge 3 Vis series I
Gen mtge 3 Vis series J—
t§AR I Ark & Louis 1st 4%s
tARut-Canadian 4s stpd
t§ARutland RR 4Vis stamped
Gen
95 Va
106%
139
1977
4Vis series D
Roch Gas & El
*135
1949
coll trust 4s A
&
cons
105
J-J
1st gold 4s__1939
West
Grande
ARio
M-N
14%
Union Pacific RR—
95%
102%
1955
Af-N
102 Vi
116 Va
U
Union Oil of Calif 3s deb—
3s debentures
A-O
deb 3%s—
1950
Republic Steel Corp 4%s series B„1961
Gen mtge 4 Vis series C
1950
Revere Copper & Brass 3 Vis
1960
Remington Rand
76
222 Vi
109%
Tri-Cont Corp 5s conv
Union Electric Co of Mo 3%s...
t§AUnion Elec Ry (Chic) 5s
,
J-D
85%
149%
220
'A
6
Gas
impt 3%s__1960
....
Gen
81%
■
—....Jan 1960
Bonds
Hizh
*115% 116
108
145%
vu'
110% 110 Vi
Louis &
St
20%
R
Reading Co Jersey Cent coll 4s
J-D
D
Ohio Cent ref &
97
109%
cV;./
*
A-0
5s
AAdj income 5s
Tol &
100%
91
.
109% 109%
M-N
Friday's
*
100
M-S
.
or
Sale Price Bid & Asked
•
•
Week's Range
Last
Period
Tex Pac Mo Pac Ter 5Vis A
Third Ave Ry 1st ref 4s
Tol
-—1957
—1956
1968
1972
2037
2037
1968
tAProvidence Securities 4s
improvidence
Interest
Texas & Pacific 1st gold 58.......2000
Gen
98 Vi
Friday
Exchange
Low
109
118%
*121
M-S
1950
1960
1st 5s extended to
$
107 %
„
Stock
High
J-D
-1960
4Vis
1st
F-A
•
York
Week Ended Oct, 15
J-D
1st
RECORD
Week's Range
Friday
BONDS
Monday, October 18, 1943
9%
:
1 1943
May 1 1949
...
Nov
M-N
*99%
May 1 1950
*101
M-N
*100% 101%.
101%
M-N
*101
1 1950
M-N
*101%
May 1 1952
2.20s
M-N
2.40S
M-N
*101%
Nov
2.45s
1 1952
..May 1 1953
.
2.50s
-
_NoV
—
99%
101
101%
101
*102
NOV
....
2.35s
99%
M-N
;
1 1949
101%
101%
__
101
„
:
—
;A
M-N
M-N
102
101%
*101% 102%
102 Vi
101%
101%
*101 Vi 102%
1 1953
101 %
101%
101%
103
102%
2.55s
1960
St
Island
& Grand
Jos
St Lawr & Adir
2d
?!!— //
J-J
105
1990
A-0
-A
M-N
of
95%
*60
;
1948
1959
1955
$ ASt L-San Fr pr lien 4s A
1950
ACertificates
of
M-N
2.60s
NOV
1 1954
M-N
*101%
2.65s
101 Va
102
May 1 1955
M-N
♦102% 102%
102
103 %
ACertificates
M 4Vis
73
of
95%
77%
78 Vi
15
73
5
96
44
86%
4
J-J
35 Vi
34
35%
787
34%
13
18%
36%
36%
38
308
20%
39%
36
37
13
20
38 Vi
32%
35
912
19%
M-a
bond
4s
A 2d
34%
34%
32%
34%
M-N
94 Vi
94 Vi
12
94%
Nov 1989
J-J
82
82
83
1952
1990
J-J
68%
J-J
44
1989
certificates
5 A 1st term & unifying 5s—
AGen & ref gold 5s series A
St Paul & Duluth
1st cons gold 4s_1968
1947
1941
1971
1952
1989
1st 4Vis
t§ASt P & K C Sh L gtd 4 Vis
f ASt Paul E Gr Trk
St
Paul
Depot 3 Vis B_.
Union
&
ref
1st
1951
A-0
102%
102
102%
1944
A-0
100%
100
100%
1944
5s
5s
F-A
99%
19
Vandalia RR
cons
g 4s series A
1955
F-A
*108%
M-N
•111
M-S
39%
Cons s f 4s series B_
:
1957
Va Elec & Pwr 3%s series B_„
1968
Va Iron Coal & Coke 1st gold 5s__1949
39%
Virginia Pub Serv 1st mtge 3%8~1972
19%
F-A
Schenley Distillers 4s s f deb
V & N E 1st gtd 4s
Scioto
85%
97%
67
68%
280
46 Vi
88
27V4
A-0
85
20%
3
28 Vi
45
*103% 104 Vi
103 Vi
Virginian Ry 3%s series A
Af-S
2003
1966
91%
—1950
—1950
Oct 1949
1959
§ A4s gold stamped
AAdjustment 5s
103% 103%
17
•
41
§ ARefunding
A-O
24 %
104
of
103
1st
106
126%
*
j
of
ACertificates
Shell
2Vis
Oil
Union
2%s sinking
80%
mtge 4s series A.
°
1971
97%
Apr
59
Apr
50
ser
B
3s
RR gtd 5s
Colo
Southern
4s
Pacific
(Cent
6s
Power
Pac
50
A Ref
4%
14
ARef &
coll)
Warren RR 1st ref gtd gold 3%s__2000
Washington Central Ry 1st 4s
1948
Washington Term 1st gtd 3%s
1945
F-A
23
23
23
J-J
1961
1941
J-J
101
*51
A-0
5
1781
100%
100% 100%
25
98%
99%
102
102%
101% 102%
F-A
J-J
4
106% 106%
108% 108%
105%
109%
103%
103 Vi 104%
103%
105 %
Af-N
61
60%
61%
1981
Af-N
61
60%
61%
3%s
1946
J-J
1950
A-O
Ry 1st
cons gold 5s
4s series A
1980
A-O
1955
4s
Westchester Ltg
A-0
97%
F-A
36V'2
5s stpd
1945
gtd
1950
Gen mtge 3%s
West Penn Power 1st 5s E
1955
J-J
1st
,
Western
1st
&
Maryland 1st 4s__
ref
tAWestern Pacific 1st
5s
ser
55
68%
West Shore
250
53 Vi
66
145
52%
100%
100
100 Vi
97
931/2
100%
97%
97
97%
28
87%
981%
85%
84%
*
85%
90
85
70%
F-A
J-D
J-J
82
68%
81
14
87%
A-0
96%
96%
97 Vi
48
1996
J-J
100%
100% 100 VB
1951
J-J
101
101
3Vis B
104
%
103% 10414
101%
debenture
Studebaker Corp conv deb 6s
2013
1966
Apr
F-A
J-D
105%
105% 105%
J-J
105
104% 105
19.45
J-J
103 Vi
102Vi 104
101
Standard Oil N J deb 3s_i
Af-N
1961
2%s debs
J-J
1953
Calif
J-D
1972
Spokane Internat 1st gold 4 Vis
1964
1968
4s
101
bonds
Superior Oil 3Vis debs
>
195
Swift & Co 2Vis debs
56
1
25
92
111% 111%
/92
101
84
88%
89
139
97%
98
20
Af-S
71 Vi
73
51
Af-S
74
71Vi
74
168
Af-N
100
99Vi 100
55
J-D
100%
Af-S
1951
2361
J-J
54
J-J
100
M-N
50%
Af-S
99%
&
Co
1st
mortgage 3s
1958
B
i960
4s
103%
JAWisconsin Central 1st 4s
ACertificates
2
111'
Ret
Tevo
106
3s
F-A
A
deb,
73
74
84
100%
87 !i
5
101
54
50
51%
83
101%
99%
102%
42
43
61
54
41%
56 Va
*103%
*111%
92%
92
101
A-O
J-J
..
102%
104%
109%
111%
^
__
,92%
101%
*116%
—
63 %
65
97
31
—
•
■
88
93
100%
101%
114%
116%
ACertificates
of
1949
J-J
63%
Af-N
19
*—
76
65%
18Vi
19
deposit
Wisconsin Elec Power 3Vis
Wisconsin Public Service 3%s
47%
65
14%
26%
15 »/4
1968
.1971
A-0
*109% 111%
*107%
J-J
67%
47%
68
23%
209%
112%
107
108%
107 Vi
111%
50
"l
41%
104
1
102 Vi
104%
35
104%
107%
Conv deb 4s
3
104%
105%
1st mtge s f 3%s series D
14
1011/2
111%
101
101
54
Youngstown Sheet & Tube—
*105%
101
1
103%
1948
M-S
102%
102% 102%
3
101%
103%
i960
M-N
101
100% 101%
24
95%
101%
106%
102%
__
103 % 103Vi
103%
120
112% 112%
*105%
91%
91%
125
103%
*102% 104
J-J
1950
1059
3s
94
102
108%
111%
J-J
Ana & Ft Smlth 5Vis
Company
debentures
36%
36%
135
::
J-D
1936
1st 4s
104
J-J
& impt
mtge 3%s series B__1974
Texas
■
75
99%
52%
deposit
50
F-A
1953
84%
95
112%
1
of
5 ASu & Du div & term
a
1951
110%
112%
'
series B
1st
101
98%
101% 101 %
M-S
1966
1007/a
89%
111% 111%
U-N
1944
120%
112
110%
12
98
Deferred
in
delivery sale not Included In the year's range,
the year's range,
n Under-the-rule sale not included
the year's
range.
not included in
& RR
gen 5s—
Terminal Assn St L 1st
cons 5s
oen refund s f
gold 4s
119%
108%
•
106%
107% 107 Vi
*111
Af-N
Iron
45
106
—-
88%
1949
Included
Tepn Coal
7
•
„
A-0
1954
98
1956
C
97
104
J-J
West Va Pulp & Paper 3s
Wheeling & Lake Erie RR 4s
82
69
Serv
120%
*109% 109%
*110%
2361
Wilson
75
series
120
J-D
Af-S
1951
Registered
Winston-Salem S
94 %
Pub
88
*104
.i960
1st 4s guaranteed
89%
73%
Bell Tel
3s
31
102
66
93%
gold 4s
98%
1
1950
Western Union Teleg gold 4%s
25-year gold 5s
30-year 5s
Westinghouse El & Mfg 2%s
74
1st
28%
91
1
h
1946
A
A5s assented
87%
90
gold 5s
Louis Div
—
98
1977
69%
6 Vis
1st
36%
"96
1952
A
68
93%
gen
36 Vi
24
1946
5Vis series
72%
A-O
&
32%
25%
97%
102% 102 Va
1966
mtge 3Vis series I
54%
A-O
Devel
97
F-A
1967
34
J-J
6s
*32%
Q-Af
v
1963
142
1956
gen
Called
89
__
1956
gen
&
of
85 Vi
1994
&
2%
88%
*
J-J
Devel
A
1st mtge
Wheeling Steel 1st 3%s
Devel
Stand Oil
104
107
—
gtd 4s__
26%
..
1091%
74
ref
& gen 5s series D
1st 40-year guaranteed 4s
123%
63%
&
101%
105%
62%
1st
105%
107 VA
63
Southwestern
101%
123
"123
Af-S
Southwestern
61
108% 108%
J-J
J-J
"3
108%
A-0
A-O
103% 103%
40
1969
1st ref
—
102
5
A Ref
29%
60
1952
30
101
F-A
56 »/4
15%
1968
St
33
29 Vi
31
42
Gold 4Vis
Div
32%
26%
14
42
22%
64
Mem
27%
9
42
21%
63 Vi
Southern
1
2
100
42
22%
Stamped
60%
50
33
27%
24%
M-S
1949
1st 4s
100
44
34
:
32%
Walworth Co
89
San Fran Term
83%
27
161
33
30%
63%
South Pac RR
60./
50
29%
Af-S
secured
■
24
98%
59
49
•
32%
30%
J-D
10-year
111
*32 Vi
14%
1977
Gold 4 Vis
86
108%
29
A-O
15
F-A
Aug 1949
i
72%
110%
F-A
131%
23
Co—
registered-
97
Af-8
11
20%
-
(Oregon Lines) A
Gold 4 Vis
4s
80%
91 Vi
110
1975
122
1947
1st 4Vis
92
1978
gen 4%s series C_—
705
1963
A
104%
97
.—1976
5s series B
gen
21 Vi
1962
3%s
debentures
Southern
27%
29
28%
1979
& Tel
49%
149
20%
1964
Oil 3s debs
Nor Ala
Bell Tel
South
tAWabash Ry ref & gen 5%s A
28
25%
1950
Skelly Oil 3s debentures
South &
1
23
1954
debs
110
J-J
1981
1991
mtge inc 4Vis
28
—1935
fund debentures
80%
110
AGen mtge 4s inc series A
1
M-S
27%
t§ASilesian-Am Corp coll tr 7s
Simmons Co debentures 4s
Socony-Vacuum
8 Vi
7%
1933
1935
Fla 6s A ctfs
certificates-,
B
series
44%
7 Vi
deposit
1st gtd 4s
t § A Atl & Birm
JASeaboard All
A 6s
1945
A
79%
>
A-0
deposit
series
6s
cons
4
91%
108%
W
Wabash RR Co—
21%
4s
ACertificates
Alst
43
42
44%
F-A
112
108%
110
*96
Af-S
31
123
43
A-O
114
HOVi
—
89
6%
101 Va
*126
A-0
91%
J-J
1958
fSeaboard Air Line Ry—
gold 4s unstamped
113%
11
__
"
111% 111%:
AGen
§ Alst
102%
101 %
501/4
94
27
28%
103
97%
97
68%
44 Vi
20%
U-N
93%
39
70
84
67
*90
J-J
m-a
8
33
43%
J-D
F-A
30
99% 10O
36%
Va & Southwest 1st gtd 5s
1st cons 5s
bond ctfs
inc
4s
1st
Light
1
37%
deposit
—1978
&
86 V2
7
85%
stpd
Power
102 %
100%
9934100
86%
33%
series A_
Utah
101%
—
75%
91
73
99%
/
& Trac
95%
tSt Louis-Southwestern Ry—1st
United Stockyards 4%s w w
—
—
146
J-J
1950
ACertificates of deposit
96
*101%
67
Af-8
deposit
series B
5s
1
94 Vi
J-J
& P 5s stpd
ACons
55%
—
94
95%
1st mtge 5s
L Rocky Mt
lien
65"%
May 1 1954
108
107%
99
107
Utah Lt
deposit
JASt L Peor & N W 1st gtd 5s
St L Pub Serv
APrior
27
106
Mtn & Southern—
§Riv & G Div 1st gold 4s
ACertificates
St
105 V%
•
*62%
1933
gold 6s
tSt Louis Iron
A
1st gold 5s
105
J-J
1996
1st 4s
A-O
1947
Saguenay Pwr Ltd 1st M 4Vis
105%
110%
105
§Negotiability Impaired by maturity.
tThe price represented Is the dollar quotation per 200pound unit of bonds. Accrued interest payable at the
exchange rate of $4.8484.
1131/b
103Vi
__
92%
20
A-O
106% 106%
7
■105%
Af-N
106 Vi 106%
.20
105%
89
94
d Ex-Interest,
e Odd-lot sale not
In the year's range,
r Cash sale
tCompanies reported
the
Bankruptcy Act,
or
as being in
bankruptcy, receivership,
securities assumed by such companies.
106%
•Friday's bid and asked prices;
107
ABonds selling flat.
no
or
reorganized under Section 77 of
sales being transacted during
current week.
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4221
Volume 158
1557
MEW YORK CURB EXCHANGE
WEEKLY
and deferred
NOTICE—Cash
in
In the following
Oct.
and
9
ending
the
Week
Curb
Aero
Wire Co common...
Class
B
Inc
Associates
Aircraft
Accessories
Investors
Air
Convertible
.Warrants
..
1
3
preferred....—
......
—
Air-Way
Electric Appliance..
Alabama
Great
Southern
Aug
54 May
54
Jan
9
74
5
Jan
3
800
1%
Feb
8% May
4% May
24
100
14
Jan
100
.274
Jan
1/64
5,800
1/64 Mar
ft May
2%
100
1% Jan
3% July
72
Jan
93 4 May
102
Jan
114
July
Jan
105
July
—
■
—
914
—
—.
Alles
Fisher Inc cummon—.
&
Allied Intl Investing $3
Allied
Products
Class
A
conv
(Mich)...
conv
common
6%
preferred..
Goods
Aluminum
Industries common.
Ltd
Aluminium
Mfg—.
common.——.
Book
American
Box
—
Cities
American
——
—
•
Fork
750
1044 Aug
128
106%
Jan
200
13%
Jan
1154 July
184 Oct
18'4
Apr
114
Jan
Sep
Jan
86
1,350
88 V£s
87
120
Mar
109
Oct
1034
Jan
ft
Jan
—
29
—
30
100
204
Jan
200
44
Jan
84 May
54
Jan
94
—
7%
—
—
--
30
7%
24 July
33
Mar
Jun
35%
.———-.100
108%
A.:
Oil
Am
45
Apr
474 July
1,100
%
Jan
34 May
12
Jan
174
2,500
194
Jan
294 July
295
934
Jan
15 4
350
15%
25 4
26
108%
108
July
112
Jun
July
5%
34
4,600
36%
Aug
Jun
134
Jan
234
204
Jan
28
American
25%
254
'8
25 4
AO H
18
a
17%
18'A
2,100
July
13
Sep
26%
Apr
Jan
394 May
80
Jan
88
4,300
14
1
194
Feb
25
—
Jan
25%
....——
%
Jan
200
204
May
14 July
Jan
Jan
264 Sep
574 Jun
3,20C
54
Jan
13 4 July
3%
100
24
Jan
54 May
%
,4
1034 1054
14
144
9,000
s3s
Jan
May
1,500
2%
Jan
200
3 4
Jan
254
49%
10%
104
26
49%
—
11
3%
1
45
25
preferred
•
.
..
14%
—*
preferred——5
American Writing Paper common—•
Anchor Post Fence—...
-2
$8 series preferred
Thread 5%
14
14
100
14'4 144
1074 1094
34
3%
3%
3%
10
10
95
954
8%
9
100
180
97%
Jan
2%
Angostura-Wupperman
—1
Apex-Elec Mfg Co common
•
Appalachian Elec Pwr 44% pfd—100
Arkansas Natural Gas common...
•:
Common class A non-voting
-•
6%
preferred
—...10
Arkansas Power & Light $7 preferred.*
Aro Equipment Corp new
—.2,50
14
1074
3%
3%
—
Jan
34
4%
2"%
..
—
60
1,300
34
44
2%
■
—
95
24
Jan
2
Jan
1%
Jan
8%
500
1,100
Jan
1054
Oct
174 July
V
4
May
5%
5
Sep
May
24
154
111
Jan
Jun
Aug
1,200
1%
Jan
5%
Jun
4,300
14
Jan
64
Jun
400
8%
Jan
100
884
Apr
994
300
8%
Oct
104 Aug
10% July
Sep
American
600
84
64
54
Jan
10
Jun
4%
Jan
7
July
Jan
..
dep rects reg—_——£1
—,
7
—
—
—
—
•
—
—
—
Feb
Light 6% preferred__..100
Atlantic Coast Fisheries..—....——1
Feb
1084 Aug
3% Jan
Atlanta Gas
54
5%
COO
6
17%
8
Feb'
4
14
Birm & Coast RR Co pfd__100
Atlanta
Apr
—
69 4
Associated Laundries of America——*
Associated Tel & Tel class A—
64
500
124
8
64
Oil &
Atlantic
Rayon
Corp..
Sep
Jun
ft May
24
80
1114
Sep
May
Jan
6% Sep
44
Jan
Jan
40 4
Jan
Oct
8%
154
Feb
300
1%
%
300
8
1%
,1%
5
Atlas Plywcod Corp...—
—*
Automatic Products..
—1
Automatic Voting Machine———
•
Avery (BFl & Sons common
5
6% preferred—
——25
Ayrshire Patoka Collieries—
—1
May
84 July
2% July
5%
«—
Drop Forge
284
300
8
1
Atlas Corp warrants—
Atlas
200
334
24
Jan
3%
Jan
6
Jun
44 <0an
11
July
Sep
2,100
common—
23
23
44
44
44' 4*2
4%
44
84
—
'
300
100
84
164
—
54 Jan
—
—
—
Jan
•
25
Apr
Sep
54 July
23
8
Jun
234
194
1,900
Jan
26
Jun
Baldwin Locomotive—
Purchase
warants
for
39
39
30
Rubber Co
64
1
Seelig Mfg—
convertible A common
4%
lVa
2%
1,200
Jan
400
x6 4
:>:
2
294
Jan
300
394
1
common
Steel....
Stainless
Barium
44
4%
common.
preferred—
7%
Baldwin
34
Jan
%
2,800
Jan
$1.20
Basic Refractories
14%
9
44
1
Inc—
44
14%
50
4%
94
700
Jan
7%
(L)
•
common
$1.50
Mills Inc common—+.
Aircraft
4
Jan
1%
Apr
—
2%
Blue
$3
400
Feb
74
Jan
200
114
100
.
%
ii
%
13
7
13
74
-
_
300
900
•
(E W) common
—
Ridge Corp
...1
common—
1
optional convertible preferred—.*
1561.
134
2
..
134
2
454
134
2
45'A
1,700
30 Vi
50
Class
Brown
A
class
Power
A
4%
Forman Distillers...
$1.60
$5
Bunker
Burco
Hill
5
July
184 July
2,900
Aug
14 Jan
II :
.
;V
"l%
"l%
Sep
5 4 Jan
75
Oct
Jan
2.100
..
V2
194
19 4
100
"94
900
14
7% Jan
2,300
104 Jan
5
~9%
Aug
44 Juiy
15
July
18
Apr
Oct
78
1084 July
Jan
"9%
—
22
11%
80
150
78
54 Aug
2
May
194
Jan
Jan
64
10
Oct
Feb
Mar
& East Power—
..25
14%
144
14%
•
...
: 974
96%
984
114
11%
2.50
$3 preferred..
Corp Am dep rets.
Burry Biscuit Corp
(PA)
124
77 4
*
Inc
Burma
100
■/.%.: 11%
774
*
.——
Sullivan..
&
'12
..1
common
preferred
preferred
1st
13 V4
22
*,
*
common.
Buffalo Niagara
600
13 4
..1
prior preferred
$6 pfd
(unassented).
Co
300
1% "37/s
_•
—
$5
(EL)
4%
*
Wire common..—.1
preferred
•
—
400
,
700
"34
3%
Apr
20C
500
34
-25c
.
9% Jan
16% May
984 Oct
13 4
May
314 May
14
ft Jan
Jun
Jan
44 July
24 Feb
124c
...—
Jan
82
25
••'
"l4 "l4
common
5 4 Mar
%
c
394
May
Oct
74 May
3 4 Apr
14%
Oct
64 July
34 Sep
45
64
Voting
Cables
American
Calamba
dep rets 5%
pfd
Estate new.
Sugar
Electric
34 July
3% Jan
Tungsten
Camden
Canada
Fire
~6%
1,500
1%
.1
4%
4%
44
1,000
44
100
'
;
Oct
'■
voting
non
23
Aug
'
•
44
44
—
3
—
Jan
140
*
4% July
44 Sep
34 Jan
Oct
Canadian Industries Ltd—
7%
preferred
100
Canadian Marconi..
Capital
City
Carman
200
54 Aug
47
46%
47
225
384 Jan
Light $7 preferred..*
Carolina Power &
116
116
10
preferred.:
Carrier Corp common
*
1
Co common
Central Maine Power 7%
Central
Ohio
Central
York
1
&
Power
A'rcraft
pfd__100
Light 7%
Controller
Electric
Club
Aluminum
Plow
Co
Colon ' Development
81
83
25
6%
45
Jan
19
354
Jan
%
Jan
42
Jan
14 July
134 July
Conn Gas
6
10
Consolidated
V
t
$3
c
Southern
44%
94 Mar
Jan
Apr
106
1% May
104 May
ft Jan
64
Sep
Jan
Jan
9%
Jan
Jan
644 Jan
Feb
9
Sep
9
Sep
144 Aug
105
Sep
844 Jun
July
8
Jan
4 May
Mar
264 Aug
184 May
Jun
13
144
8,200
34 Jan
83 4
85
1,100
514 Jan
984
200
44 Jan
11%
Jun
Jan
964
Jun
974
Sep
84
84
48
76
90
90
10
Jan
73
Oct
91
Apr
84 May
7%
7%
100
44 Jan
74
74
100
64 Feb
8
Jun
Jan
22
July
13
"~4
1 4
4 Jan
400
54
284 May
35
14
74 Jan
Mar
3,100
8
700
114
3% Feb
54
64
~7%
74
5
Apr
104 July
Jan
4
4
14 Jan
2%
2%
600
.25
49
484
494
350
47
Oct
554
574
59
180
24
Jan
60
59
1/64 Jan
Jan
9V Jan
22
3/64
3/64
300
—25
.1
204
21%
350
1
104
104
200
1946
%
series B preferred—
preferred series C.
...
4%
1
...*
69-
116
"
100
..—100
Gas" .Utilities———..I
64%
4%
65%
116
100
2% Jan
1,500
56% Jan
10
30
4%
2,100
4%
July
Feb
Sep
Mar
July
114 July
4 May
27 V4
Jan
-
54
Jun
67
July
121
Jua
1104
Jun
5
1074 1074
4%
32
Apr
Jan
.
14 Apr
74 Jan
264
•
—_•
Co
14
Jun
74 July
1% Jan
"5%
July
3% July
Mar
8
July
194 July
Jan
6
July
5»/4 Apr
Apr
2
warrants-
Consol G E L P Bait common
4%
74
Oct
99
84% Jan
14
———£1
preferred
Consolidated
Aug
844
•
& Coke Secur common..
Biscuit
116
9
.__*
—
extended to
July
Jan
550
100
Publip Service
Community Water Service...
94 Mar
10
20%
Compo Shoe Machinery—
&
Jan
ft Jan
20%
134
1
Feb
Jan
6
100
Arms
Jan
preference
July
4%
2%
54
Columbia Gas & Electric—
5%
13
20
100
134
—1
Jan
80
550
450
;
Aug
84 July
Jun
Feb
6%
100
——
Fire
134
—_•
Colonial
Patent
1,200
35
Co
4- Jun
44
6%
34 4
ordinary—
6% preferred
Airlines
200
•
common
18
600
6%
134
1
-.4
Illuminating
Corp
Utensil
610
1
Cleveland Tractor common
Coal
84
*
—.
Aug
7% Jan
44
-*
——*
10
.i
Co
112
102
;
Lights Inc
Clayton & Lambert Mfg
Clinchfield
_*
*
*
preferred
Neon
Cleveland
—10
....
———
& L $7
P
99
Co__5
.
preferred
preferred B
$6 preferred BB
100
4
Cities Service common.
60c
1,000
9%
84
6%
10
5
—.25
...—5
4
—..1
100
$6
3%
98
99
.1
Corp common
July
116
Jan
1144
34
9%
34
50c
Cherry-Burrell common...
Chesebrough Mfg
Chicago Flexible Shaft Co
Chicago Rivet & Mach
Chi,el Consolidated Mining
Childs Co preferred
49
1064 Jan
64
pfd—100
West Utilities
Co
234 May
7% Apr
7
1
Products.™
2% May
13 4 Mar
154 Jan
•
com
Chamberlin Metal Weather Strip
Claude
3,300
preferred.100
Power 5%
Steel
Central & South
Cessna
13 4
10
& Co
America
Central Hudson Gas & Elec
Central New
13
*
of
Corp
134
1
,
Mar
Oct
150
102
116
•
.
Products
(A M)
22
_*
$6
Catalin
MJan
94 Jan
*
——•
common
(J W)
3,200
50
......
Carter
1%
11
class A_.
Casco
14
11
—
Carnation Co
14
11
Products
Co
&
Class B
1
1
Commonwealth
July
Apr
Aug
6% July
224 Aug
—25
Alcohol—
voting..
Community
May
7%
Jan
pfd—100
Apr
3
7
14 Jan
64%
Co Ltd
Mar
50
Apr
Apr
..5
preference—
Industrial
A
Class B
6V2
Assn
Colt's
Jan
14
Car & Foundry Ltd—
Participating
Class
"64.
Colorado Fuel & Iron warrants—
Jan
34
10
Corp..
Insurance
Cement
Canadian
£1
—.1
Power..
Sep
Apr
94 July
16% Mar
14
200
IB
50c
Wireless-
California
Callite
certificates—
trust
&
Sep
15 4 July
ft Jan
ft Jan
Cable Electric Products common__._50c
5
37%
33
Jan
144 Jan
Sep
136
200
May
124 May
Feb
24 Aug
Jan
Jun
Apr
75
1%
July
34 Jan
104 Jan
Jan
104 Mar
—10s
25
2,400
1%
ft Feb
444
'
13
24 Jan
A
21% Mar
1154
*
common
page
Jan
3%
33
Steel.Fdy & Mach Co com—•
see
24
^
common
For footnotes
2%
—
1
Bliss
300
■
1
16
■
■
100
Blckfords Inc
Birdsboro
144
14
10
—20
Hedges common
Convertible preferred
Berkey & Gay Furniture..
'
—
■
&
Blauner's
'
„
1
common
Bell Tel of Canada
Benson
■
.
■
1
convertible preferred.—
Bellanca
__
—100
1st preferred—.—
Ties...—
Brummel
Beaunit
■.
14
U4
Sep
Aug
74 May
18
Cockshutt
'
Baumann
Beau
7
&
Barlow
14
-r
Sep
11%
119
17
preferred——
City Auto Stamping
City & Suburban Homes
<
X23
23
300
224
Jan
Jan
Jan
Fence <te
jurown
Clark
& Wilcox Co.
"54 "5%
2
Jan
$6
Babcock
3,200
12%
Cities Service
B
U%
11%
British Columbia
Charis
Coast
33
50
Line Co
Atlantic
12% May
7% Mar
dep rets ord reg
Amer
Castle
5
Refining Co————1
Associated Breweries of Canada..—_•
Associated Electric Industries—
•
Art Metal Works common.—.
Ashland
Sep
£1
ord
rets
Celanese
Canadian
&
common..*
23% Jun
Jan
3
61
Sep
42 4
100
American
.Laundry Mach.—.—..—20
Light & Trac common—.25
6% preferred——
—
—25
American Mfg Co common—
100
Preferred
—100
American' Maracaibo Co.——-—1
American Meter Co...——...——•
American Potash & Chemical————•
American
Republics..
———.10
American Seal-Kap common—
2
Jan
Jan
18
18
__
100
32 4
Jan
7%
64 July
Jan
284
33
32 4
114
600
12,800
£1
dep
Butler
I
..
80C
5 V4
reg
Ltd—
dep rects ord bearer
Am
British
36
Jan
Feb
10 y4
*
Bruck Silk Mills Ltd
ft Jan
Mar
4
22Ve
104
•
....
Buckeye Pipe Line.—.
250
$6
Co
37
364
Apr
2
Tobacco—
American
42
1,500
9
200
....
British American
Jan
14
1
54
General Corp common_-.10c
convertible preferred
—1
$2.50 convertible preferred......
1
American Hard Rubber Co—
.25
$2
1st
u4
'■r7,
Jan
4,100
Jan
4 Jan
100
14
224 Sep
•
15%
434
2%
8
..100
154
374
414
Jan
4 Ve
•
.
28 Ya May
9
July
ft
100
common
50
July
July
3% July
Jan
Jan
100
9%
44
*
;
—
B.
Co
4
•
—
200
24
2
24
American
American
A
Apr
214
1
38
...
common——•
American Superpower Corp
class
46
14
*
.
....
Brown RubDer Co
38
120
8
8
_*
preferred
Class
794
4
1
...
Mfg
...
Electric—.—......10
&
Gas
preferred
4%%
& Pwr
Bridgeport Gas Light Co
Bridgeport Oil Co
Brillo
114 July
824 July
23
100
.
Aeronautical
Corp
15% July
Feb
300
•
Corp common
Pre!erred
Jan
34
74
6
...
Brazilian Traction Lgt
Bruce
American
preferred
preferred
Brewster
6
79 4
—
...—..—100
American
American
Mar
1,700
434
14
15%
254
Hoe
29
111
18
88
class A—
10
non-voting—
.—..10
Foreign Power warrants
&
284 Mar
Jun
6
*
Cyanamid
Class B
Jun
23%
May
10714 108
110
111
18'4
.25
——25
1
A......
Class B
American
24
200
9
& Light—
A
1st
2d
$5
100
25
common
Rimit
Low
12
74
100
....
Range Since January 1
High
12
74
Shares
——
Bowman-Biltmore
7 %
Low
•
;
preferred
Inc.
British
Co common....1
Power
class
Convertible
Apr
•
•
Mfg—————1
Central
American
Class
Co
Board
•
254
25
25
American Beverage common
American
1st
Bourjois
17c
preferred————
100
;.4-—1
6%
Apr
4
—
-*
Aluminum
7%
Co common..
Sales
for Week
Range
of Prices
12
•
Borne, Scrymser Co
—
;
Last
Sale Price
(S) & Co
(H C)
Class
110
■■
1
100
——*
.
Bohack
Brill
pfd——•
.10
25
Aluminum Co common...
:
Week's
Friday
Exchange
Oct. 15
Par
Blumenthal
Breeze
50
Power Co $7 preferred——*
preferred
*
Allegheny Ludlum Steel—
1% preferred
__100
•
Jun
2%
Alabama
$6
34 July
354
35
1/64
;/■:• 1/64
—3
...
July
35
__10
...
4
100
300
24
2
common
100
74
74
50c
Corp
Sep
2%
4
5
(N J)..
"4
~4
22 4
July'
Curb
..
Sep
7%
1
...
20
25
Feb
^v'
1
Ainsworth Mfg common
Air
20
234
234
High
Low
17
York
Week Ended
Range Since January 1
High
Low
;10
Supply Mfg class A..,
STOCKS
New
Shares
of Prices
Sale Price
15
Par
Acme
range are shown
which any dealings have occurred during the current year.
Sales
for Week
Week's
Range
Friday
Last
Exchange*
Ended Oct.
RECORD
record of the transactions on the New York Curb Exchange for the week beginning on Saturday,
1943). It is compiled entirely from the daily reports of the Curb Exchange itself, and is intended
(Oct. 15,
Friday
present
SHOCKS
York
YEARLY
extensive list we furnish a complete
security* whether stock or bond, in
to include every
New
they occur.
in which
the week
footnote in
a
AND
the week's range unless they are the only transactions of the week, and when selling outside the regular weekly
No account is taken of such sales in computing the range for the year.
delivery sales are disregarded In
Jun
THE COMMERCIAL & FINANCIAL CHRONICLE
1558
Curb
for Week
of Prices
Sale Price
15
Oct.
Sales
Range
Last
Exchange
Ended
Week
Week's
Friday
STOCKS
York
New
STOCKS
New
Shares
Range Since January 1
Low
High
Consolidated
Mining & Smelt Ltd
5
34%
34%
50
Consolidated
Retail Stores.
1
6%
5%
100
Par
8%
preferred
Royalty
Consolidated
Steel
Consolidated
Textile
Consol
Low
31
107
10c
9%
4
•
Corp
Co
8%
3%
4
700
107
Jan
Jan
Jan
General
General
4%
3% Aug
$6
Sep
Continental Roll & Steel
1
Cook Paint & Varnish Co
98%
100
*
prior preference
Range Co
Cornucopia Gold Mines
Copper
Inc
Corox
11%
100
13 %
11%
13%
39%
37
5%
9
Jan
1214
1,800
814
Jan
15% Mar
39%
600
3614
Sep
5%
1,550
4%
Jan
ia
10 %
%
100
"l%
1%
1%
300
85%
84%
85»/a
20
common
1
—50
22
41
American
W
C
dep
Petroleum
Apr
10%
Apr
Jun
Glen
22
300
131
Jan
Brewing Co
Crown
Cork
International
Crown
Drug Co common
Jun
■v
$7
Oil Refining common
preferred
$6
Atlantic
Sugar
Cuban
Tobacco
common
Curtis
Lighting
Inc common
Curtis
Mfg Co
Darby
Petroleum
""%
"%
1,500
Jan
4
200
IVi
Jan
4%
4%
100
214
Jan
"2%
2 Va
1,300
6% Mar
OS"
i
9%
Grand
Sep
1
17%
Consolidated
Mfg Co
Mfg
Co
*
&
Northern
15%
Apr
Grocery
Feb
22%
Jun
Gulf
3%
Apr
Sep
3
Pacific
Hosiery Mills
Rubber Mfg.
Davenport
Dayton
Class
convertible
A
$6
prior preferred
Derby Oil & Refining Corp com
convertible
A
&
Mfg
Detroit
Gray
Foundry
Iron
Mich
Stove
Detroit
Steel
De
Vilbiss Co
1%
Co
"3
Truck
Dobeckmun
Co
"4%
~4%
"4%
12%
Industries
class
Dominion
Steel &
A
%
"3%
3%
Products
Utilities
Duro
Duval Texas
Sulphur
Jan
5% July
Jun
79%
Jan
13
900
3®/2
Mar
%
2
-:
12%
Apr
1914
Jan
Jan
4% May
Jan
21 %
22
'•
x514
Sep
30% Mar
10% Mar
Sep
9
Jun
200
514:
6
5%
3%
Jan
7
Jan
10
Oct
5%
Sep
6
Oct
21%
Jan
2,200
\
69
12%
25
56%
•
-V
'.
.
78
Aug
24
..
Jan
3114
Jan
"10%
10%
10%
76
4
Mar
Jan
3
8
Jan
—y,-
100
Heam
6%
East
Fuel Assoc common...
Gas &
4%%
6%
preferred
Eastern
Malleable
States
July
11% Apr
preferred series A
preferred series B
Eastern Sugar Associates—
•"
•
$6
preferred v t c
Easy Washing Machine B
Economy Grocery Stores
Bond
Share
&
$6
•
4%
Helena
Derrick
Corp
$3
&
Esquire
Eureka
40%
31%
30
Apr
614
Jun
Sep
2
Jan
Jan
83
821s
84%
42%
44
43%
7,900
800
88%
Jan
Jan
■-'7;..
9% May
82'A
V
62
Oct
Oct
July
33
—
8
8
200
28%
7%
714
900
97%
9714
10
26
4%
Feb
9
31
Jan
Feb
88
.
2% May
Jan
5%
./>-.■ 50
28%
Jan
July
Sep
914 May
98
Hewitt
40%
preferred
1
Line common
.50
31
1
114
30%
5
4%
29
150
7
3,100
*
350
3114
& ' >
:
15%
Mar
614
100
.
:.
Jan
•
16
22%
Ja$'
Jan
4014
1% July
35
2%
15%
Jan
5%
Jan
May
3414
7
300
Oct
-12% May
25%
1,000
■
■
__
1
Inc common
10%
114
1%
40%
10%
-
10c
Apr
July
108
Jan
Jun
Mar
% May
July
1%
v-:
"7%
82
32%
Sep
4% Aug
Jan
Feb
56
Jan
29%
Sep
Jan
5%
Apr
314
Jan
814 July
1,100
•
31
8
1,450
8
67«/4 Mar
50
.
127% Mar
July
85% July
.814
July
27%
Jan
36
Mar
500
'
140
400
31%
%
5%
Jan
10
Apr
4% May
1%
Jan
111%
111 14
H>
102 %
Jan
11314 113%
10
107% Mar
Sep
115% July
4% Mar
614 Sep
Jan
trust
ctfs
.5%
5%
114
50
2%
5
214
.
29%
3%
-
.
7
Feb
25
Jan
50
May
fe Jan
2
May
1,700
5
v'
1% Aug
Jan
500
3%
41%
41)4
19 %
300
20
1%
31
6%
6%
7
8%
46
Jan
Jan
7% Apr
11% May
11% May
~8%
100
27
50
Jan
6
Jan
22 %
Jan
7%
27
■
-•
Jan
—
5
common
Jan
Jan
9
2
—25
St Co class/ A
Sep
6
May
X3314 May
4% May
Jan
414
2,800
1
•
—2
Jun
614
—25 c
.
July
2%
.
3%
100
29%
3%
50
Jan
1,900
■
2'A
5
•
5
4%
17%
42
"l
...
common—
Rubber
(R)
300
19%
—
1
.:
6
19%
__
11%
Heyden Chemical cobimon..—2.50
Hoe
27%
Hollinger Consolidated G. LI
Holophane Co common
9
9%
Horder's
July
914
Jun
27% July
14% July
Jan
15%
Jun
May
24%
Jun
23
600
21
28%
22%
10
400
15%
Jan
10%
•
Hormel
Inc
& Co common.:
•
Hardart—2
•
Humble
Oil
6%
Jan
11%
Sep
250
1614
Oct
25
Jun
29%
26 %
,
113%
Jan
100
26%
5
17%
1714
•
81%
5
4%
80%
'■:i 414
5%
Corp
.1
A
common
-.--'
preferred
50
23%
50
108%
Apr
14%
Jan
•20%
Jun
83
Oct
83
Feb
27%
Apr
115% Aug
21%
7,700
60
Jan
4%
300
3
Jan
5% Mar
5%
300
5%
Oct
8 % July
2
Apr
2
2,200
21%
100
.
A
Jan
8
Jan
22%
Jun
1
—
Jan
4%
Jun
3% Jan
9%
Jun
5
Sep
—_*
Hygrade Food Products
Mar
50
1 34
1%
1
—-—
Securities
Mar
4% Aug
105
17%
5%
Fibre
34
314 May
103% Mar
31312
113
InC
Refining
&
2,700
17
—
Ligonier, Co———•
Hummel-Ross
32% July
"4
v,~4
4
-
;
9%
•
.
1
Baking Co....
(Harvey)
—
16%
.^preferred————————.—100
Hubbell
■
•
Co common—
Horn & Hardart
Horn- &
—
•
(Geo A)
(A CI
Horn
■V:Vvv4 -v-v■
Illinois
5
1%
7%
"7%
600
.
Jun
Sep
17% May
;'v/a Av.vvv ■■,'A:v/,f/V'
■
Power;Co
Iowa
Dividend
:
—•
pfreierred—
convertible
5%
50
41
„■
9
certificates—
arrear
Zinc
Co——
•
:
Am dep rets regis'
Imperial Oil (Can) Coupon
Imperial
500
1
900
25
Jan
42%
2.500
9
3
Jan
10
Oct
9%
Jan
16%
Apr
12%
12%
12%
200
13 %
13 %
13%
1,100
13%
13%
400
9%
9%
Jan
of
Tobacco
514 Mar
♦
•
5
Great
Britain
Ireland
Oct
200
Indiana Service
.
of
Co
9la
Jan
Jan
24
112
Aug
c
90
91
Jan
34%
40
20
Feb
3814 July
3614
37
30
20%
Jan
40
111
•
Sep
July
%
Jan
.100
29
29
29
25
15%
Jan
10
85
83%
85
450
69%
Feb
38% July
87% Sep
15%
15%
100
1214
Jan
16 %
2%
Jan
11% May
1,000
1%
Jan
300
8%
Jan
5
May
14% July
1
common
;
North
1U%
34%
—100
preferred—__j_
Insurance
15% July
15% July
10% July
Jan
100
2
Industrial Finance v't
7% July
Jan
9%
16%
-
preferred.lOQ
6%- preferred
preferred
10
&
£1
Indianapolis P & L &%%
1%
414
41%
8%
£1
Registered
I
Imperial Tobacco of Canada
1%
4
41
■V.
%
Chemical Industries-
Imperial
Oct
•
~.~5 •:
Equipment
Jan
33
•
Co
Illinois
42
14 %
42
:
96
100
138% 138%
——10
Henry Holt & Co participating A
29% July
Apr
2.100
7%
10
%
80%
81
—3
Class A
Preferred
July
Jan
200
16,300
'•
12%
Jun
July
114 May
Jan
2%
2,220
5
44
—4
Inc.
Pipe
Eversharp
Jan
7%
'pi
common
convertible
10%
250
80%
—
Power participating stock-
Emsco
Jan
7%
Empire District Electric 6% pfd— .100
Equity
10%
79%
1
Jan
3%
25
Rubenstein...
Heller
'
Electrographic Corp
Elgin National Watch Co
Emerson Electric Mfg
Empire
25
714
*
40
5%
Apr
12
warrants
Option
26
79:%
«
Light 2d pfd A—
3814
Jan
'
•
Power &
Jan
Jan
lA
■
common— —5
preferred
preferred..
Electric
4014
•
■
■
19%
20
75
100
23 %
3814
59%
42
375
%
23
23
—1
$5
$5
33 %
23
•
Jan
it
375
24
%
;
•
Jan
13% May
2% May
100
1%
32%
V
•
—
714 Jan
1,300
...
58
24
3314
';V
11%
1%
.
57
...25
Iron
Corp
$7
Electric
1%
100
Eastern
11%
"160
prior preferred
13
18%
Sep
Sep
May
•
—.
Hydro-Electric
11%
»
Apr
Jan
Jan
•
convertible preferred.
Mining Co...!.,...
Hec*a
1st
Lead
10%
•
pfd
Dept Stores common
Huyler's
Picher
10%
51% July
12%
common—25c
$5.50
Corp—i
Hussmann
Eagle
Jan
Jan
Feb
22%
•
Electric
Hazeltine
Apr
Jan
114
•y.y-Jy;
,
Jun
214
t'—' /
'V
Oct
9% July
Jan
66
-
Oct
Jun
21%
7% Aug
■——
r--.
69
-T,:.
;
Apr
1% Mar
100
y
*
1
•
common
Corp common
Mar
5%
x5 %
*
class B
Hosiery
Test
102
"7%
7%
1
Hat Corp: of America B non-vot com..I
Jun
July
10% Mar
10
...
414
72
Jan •«'
200
'.y.'v:r.
25
Duke Power Co..
Durham
1%
••
12 34
*
4%
Sep
27
•
Light
Hartford Rayon voting
Harvard Brewing Co
Oct
111
Jan
ford
Oct
14 Va
.
Co
Jan
62%
y8
•
Coal B
6%
X8%
:
com.—*
Corp
Jan
'
100
1
Bridge Co Ltd
33 Va
Jan
Feb
18
1
common
common
Domestic
Harris
1%
50
:
.'
•
Dominion
Driver
3 %
800
•
.-W''•
July
31
25
Damp Co
Hammfermill Paper.!—
Aug
2414
20
12%
10
98
100
--
100
Hall
Jun
300
■
10
—
common
22
1914
110
10
common
Divco-Twin
Draper
3
Jan
Jan
100
61
3
61
18% July
Jan
15
50
6%
614
1
common
preferred
Shoe
3214
J
Products.
Sep
Jan
Mar
11%
150
20
Detroit
Diamond
16%
8%
■
33
1
preferred—..
6%
16%
32%
•
*
preferred
Gasket
Detroit
■'
...
100
debenture
8%
1,000
;-_4
1
5
50
Dcjay Stores
■—
Dennison Mfg class A common..
112
1
H
17%
17%
16%
35
Jan
Tea—
stock
Paper
Stores
States
9%
14
D
1714
8
•
1
common
2,600
Sep
100
43 %
26%
15%
102
Jun
Jan
50
♦
$6 preferred
Gypsum Lime St Alabastine
July
10
_9%,
15
•
Greenfield Tap & Dip..
Mar
200
July
„
8%
31
1
Apr
1%
76
89%
5
1%
9
110% 11014
Aug
112
75
50
1
Jan
Feb
42%
10
Great
1%
110%
1
—-
Non-voting common
7%
1st preferred:.
11
5,100
Jan
Jan
3% Jan.
11
Mines
Sep
__
42
•
common
Atlantic
Feb
% May
w:
~9%
y«
!C*
•
Rapids Varnish
6
I6V2
42%
15
25%
t
2
52%
Coal
Jan
!
May
4%
Jan
214. Aug
Oct
2
103 %
180
-i
Sugars class A
Mfg
Great
69
1,400
106 V 109
1
preferred—.*
Gray
82
Jan
% May
% Jan
•
pfd A—100
common
High
Jan
30
70
~1%
9%
U
1
~i%
common
1914
t to
i
Low
69
'
1%
1
B
Gorham
4% July
4% Sep
32
.—_•
com
Gorham Inc class A.—.—
$3 preferred
1
H May
4
2.50
5
(Mo)
July
Sep
10% July
30%
2% Aug
61%
45
Alden
Class
Goldfield
9
15% Jan
2,100
.
.
25c
25
•
10
5
Crystal
Cuban
27%
*
A
preferred
convertible
.
—5
(Md)
Petrol
"It
26
27
*
1
—*
Cent
stock
69
Co
Goodman
Crowley Milner & Co
Crown
(A C)
Godchaux
3% May
^ \
Jan
Range Since January l
61
Gladding McBean & Co...
26 % July
1,000
9014
Shares
High
Preferred
Gilchrist
2% May
Jan
for Week
of Prices
low
preferred.—-i.w-.—-..
Gilbert
-At Apr
5% Jan
receipts (ord reg)—£1
5
Liquidating Co—
Croft
A
Georgia Power $6 preferred
$5
preferred
1
7 % May
Jan
8
Sales
Range
Sale Price
.
Sep
79
2
1%
22
•15% Mar
J an
1,100
Id
iff
10 %
$3
Courtaulds Ltd—
Creole
Co
General Tire & Rubber 6%
Water Gas & Electric
Oct
Jan
5%
15
1
•
9914
Jan
9 %
6.
preferred
convertible
5 %
11%
76
1,200
2
Petroleum
Cosden
10%
—
.on
$6
20
10
5c
& Reynolds
preferred A
Con
99
10%
•is:
•
*
*
Cooper-Bessemer common
$3
Rayon
Shareholdings Corp
convertible preferred
Gen
preferred—
prior
Week's
Last
15
pfd
.100
General Public Service $6 preferred—*
Continental Gas & Electric Co—
1%
Friday
Exchange
Oct.
General Outdoor Adv 6%
2% May
10% Miy
Jan
5%
1,700
Curb
Ended
Par
Mar
7% July
Jan
1%
9%
York
Week
High
41
Jan
3%
100
10
Oil
Monday, October 18, 1943
America
International
Cigar Machine
International
1% July
•
Hydro Electric—
Preferred
$3.50
*
50
series—.2
"3%
"3%
13%
13%.
14
8%
300
shs„•
18%
18 %
18%
2,200
18%
18%
18%
100
—10
Industries
Metal Industries
*
•
International
International
7%
7%
8 la
1,200
1%
114
1 Va
100
12%
10%
Inc
1
A
Jun
International Minerals and Chemicals—
Warrants
Registered
814
i
—
International
Petroleum
coupon
shares
International
Products
8
Aug
13%
14
10% July
Jan
21% July
Jan
6%
21
Jan
9%
July
Jun
■4i.
i
.
Falrchild
Aviation
Fairchild
Falstaff
Engine & Airplane
Ford
Motor
Am
of
•
5%
—
JEl
B
voting
•
of
dep
rets
Froedtert
Conv
Co
Kit
10014
July
July
bearer
614
Jun
Jan
70%
Oct
Interstate
104% Aug
Interstate
200
81%
Jan
414
4%
1,200
3%
2014
2014
1,000
15%
Jan
■;
6
Jan
1% Mar
15
Mar
2%
•
•
19
19
300
11
11%
300
May
«
:
22
100
—
Jun
3
Investors
5%
common.
preferred
;
Gellman Mfg Co common
General Alloys Co..
/•*
20%
Sep
Jan
22% July
Jan
15
Jan
44
45
Jan
Gen Electric
Co Ltd—
For footnotes
.
preferred B
see
page
600
64
Mar
Jacobs
preferred
Royalty..i
Aircraft
Jacobs
tFLj
100
%
1561.
l
Jan
Apr
July
•
ill
14%
ill
14?a
ill
12 %
Oct
A
Jan
Jun
Jan
2
19% July
45
Aug
i%
Jun
1%
Jan
4%
Apr
Feb
is
July
400
14
225
14%
Jan
21
1,600
7%
Jan
10%
1,000
14
Jan
iff
8%
•
24%
8%
18
1
3%
Feb
*. 18%
iV:
1
200
3%
3'A
,*
July
21%
trust ctfs—_*
i
Jan
iV Jan
7%
32
—1
/Vl%
.3%
1%
Jan
July
Apr
2
Jun
200
10
x
1
3%
l
6
Co_-j—
•
2
6
July
1% May
Jan
Feb
13!/;>
Sep
90
Apr
13%
Sep
414 May
8% July
16%
111
Apr
Oct
3%
2%
Jan
1
Jan
Jan
89
69%
Jan
97
Aug
70
79
Jan
102
Aug
13%
Jan
100
'
96
101%
*
-"V
Sep
6%
V
2%
19%
Jun
Jun
Aug
Sep
K
Kansas Gas & Elec 7%
Kennedy's
Inc
preferred
4
Key Co
common
_
Kings Co Lighting 7%
5% preferred D
Kingston
Products.
Kirby
Petroleum
u:
9%
10
Jan
9%
Oct
5%
Jan
14%
Apr
Sep
5%
Sep
t„„*
pfd B
100
45
32
100
2%
I
]
May
Jan
6%
5%
9%
10
•
,
123
115%
?no
200
100
'
Ken-Pad Tube & Lamp A
Jan
96
-
400
1(}
v
6 Va
2
99
100
Kokenge Co
4
2
Jersey Central Pwr & Lt 5 % % pfd„ 100
6%
preferred
A
100
preferred
:
5%'
8.600
66
Engine Co
i
July
Jan
714
II
10
82% July
•2% Jun
2
~~io
II—•
vdting
Co
Glass
Jeannette
Jan
1
91 e
common!—""
Elec $6
~i>'
,?
J<i
\
5% preferred series A
General Fireproofing common
.las &
68%
"i.%
,®
Amer dep rets ord
reg
General Finance Corp
Gen
7% Mar
~~
»
800
3%
6,500
Aug
29
'
•
I——100
1.100
%
4% Mar
G
Co
Power $7
Mfg
12%
19 %
%.
•
Italian Superpower A
7 %
Power
Mills
Hosiery
V
17%
19%
*
Equipment—
Irving Air Chute
Julian &
Gatineau
Home
%
•
1% May
Jun
42
*
preferred
Sep
9
19%
•
Jan
11% Mar
,15
—1
21%
•
*
% Mar
'V 'Vv V'
__
'"X"
1
common.,,,,
participating preferred
(Geo A) Co
conv stock
convertible
16%
Jan v|
*
A
iii
B
preferred
I
$3.50 prior preferred
Jan
■
—
-I
Malt
&
Class
$1.75
3%
—5
Distilling
Grain
v
57%
4.14
France—
Fuller
$3
Utility class
Mar
13
24
170
.
1
Brewing Co
(Peter)
International
3
Jan
Jan
Iron Fireman
Class
Amer
Safety Razor B
600
5%
7114
714
10
20%
•
Fox
5%
100
International
Jan
1%
200
400
10% Mar
Canada—
non-voting.
Franklin
714 Jan
Interstate
A
Motor
1,000
1614
70%
10014
Class
Ford
1%
12%
15 %
-10
:
Light $7 pre/erred
600
Ltd—
Co
Motor
1%
7%
1214
1514
5
(Phila)
&
dep rets ord reg
Ford
1%
•
Co
Association
Power
7%
...1
Metallurgical
Fedders Mfg
Fire
-1
Brewing
Fansteel
Florida
7%
4'4
4%
2%
4
>4
500
600
1%
1%
July
55
Jan
Oct
41
Oct
Jan
4
Jun
Jan
5% July
Volume
158
Number 4221
THE COMMERCIAL & FINANCIAL CHRONICLE
1559
'
STOCKS
New
York
Week
Curb
Week's
Friday
Last
Exchange
Ended
Oct.
Low
Par
Kirkland Lake G M Co Ltd
Low
High
Kleinert
Co
common
Rubber Co—.
(I B)
1
Inc
Stores
4 c/o
convertible
Kress
(S H)
Kreuger
1st preferred
Co.
550
100'/a 103 ',2
100
15%
Jan
July
4Vb
1
Sep
10% Aug
9 Va July
Feb
10
103%
85
Ended
Oct.
Oct
Oil
15
*
Nebraska Power 7%
Nehi Corp 1st pfd
6%
Jan
1
30
12%
13%
39%
8%
2,600
Jan
Jan
14%
Jun
Apr
'
Lakey Foundry & Machine..
Lamson Corp of Delaware
Lane Bryant IVr
■'
•27a
2 %
2%
3%
.1
374
5
preferred
2
800
500
0
Lane Wells Co common
—.......1
-
io
—,
•
10
Class
B
2%
_•
Lehigh Coal & Navigation
Oil Development—
(R G) Inc
22
874
8%
Material Co
Lit
Brothers
Loblaw
:
1
■
Class
A——,
8
•
.
;
■
6%
preferred class B—.--—.——100
12%
24
%
•
Jan
Jun
Sep
2% May
25
187'a
Oct
18%
Oct
50
12%
Jan
16%
Jun
8%
1
6%
Jan
16
Jan
9%
8%
3,200
1%
46%
1%
3,500
50%
400
21%
Jan
55
45%
48
650
20
Jan
52% Aug
S
7%
7%
7%
Louisiana Power & Light $6 pfd
•
v
Lynch
5
f:
common
Jan
Jan
48%
49%
Corp
32% July
15
_
100
Exploration
9% May
% May
Jan
18%
%
preferred class A
&
Jan
Jan
15
:
7 7c
Land
Oct
22
187'a
*
Lone Star Gas Corp new common—10
Louisiana
lVzJuly
Feb
7%
1,000
:
.5
Long Island Lighting common
5% Mar
Feb
■
10% Xll% '
xll%
.*
common
Groceterias
Jun
yTt
—
Lipton (Thos J) Inc 6% preferred—25
Locke Steel Chain
21
4%
1,600
.
--
5
...
11% Jun
Jan
24%
3,800
74
u
1
■
Line
8%
12'/8
100
,
■'
■
5%
2,200
103
•
27 74
50
27%
Apr
2% Apr
Jan
Aug
9 Va
July
Aug
29% May
110
Jan
18%
Jan
■v"
$5
Stores
preferred
Mfg
26-
...
Jan
11
•
3 '•>
1
t c
Massey Harris common.
•
McCord Radiator &
Mfg B...
&
Stores
100
/B
1
& Scott—
**
i.
m
m
10%
912
10 3 8
900
3%
3%
3%
800
48%
47%
48%
150
6%
714
800
125?
•
—
2%
211
A preferred.—
100
Messabi Iron Co
Textile
Metal
Corp
...
Michigan Bumper Corp
1%
3714
37%
98%
600
10
lis
n-v'"'-
%
:
r/
200
78
/B
2
Apr
8%
Jan
Jun?
47/a May <
13% May
Jan
Jan
xl50%
Sep
Jan
4
Jun
Jan
52
Jan
Mar
V2
8%
Jan„/
i
Oct
514
6
Apr
1% May
108
2%
Midwest
Oil
Piping
Jan
% Mar
Jan
5|'a
6
Sep
4% Mar
1,200
6% Apr.
Land
Mid-West
Auction
N
Y
&
N
Y
Co
—10
Supply—
Mining
714
1,100
x3?/2
Jan
1%
1,200
2
14,000
P/8
4%
Jan
9-,a
7%
8?
•
2714
26%
V
-
•
'
Jun
Jan
9%
Oct
Mar
9%
Feb
N Y
N Y
/
2774
8
—
Power & Light 7 %
preferred
Founders
'A
900
•
pfd
iir
55
__
Niagara Hudson Power
5%
1st
5%
2d
4,700
125
Montgomery
.
108 74 109!
Class
A
Class
A
,
'
11
10%
1174
16%
16%
17
2%
274;
A
Nipissing
Noma
2,300
Jan
Jan
Apr
July
8% Jun
19
Mar
2% July
214 Sep
Jan
common
1874
30
5914 Mar
•
Jan
4jp/a Jan
Aug
Jan
.
112
Aug
814 July'
$6
Mines
B
5%:
$3
14%
Power
National
Refining
National
Rubber
National
Steel
Light $6 pfd
lib
800
Oct
Jan
4%
Jan
13%
Jan
Jan
14%
9f<
=
100
Jan
10%
100
■■
674:
Apr
4j% Jan
•
Tea
National
Tunnel
National
Union
For
footnotes
15%
2
100
6,300
•
12%
500
ll%All%
11%
4
%
414
5,900
100
x
100 74 101
60
7%
10%
7%
100
10%
10%
200
'
-
57 v
Jan
101?,
&
♦
17
Apr
Oil
5
Co
see
page
1561.
4%
100
4
Feb
6
Jun
40
4%
82
Jan
104
Aug
102% Mar
111
Oct
50
101%
pfd.100
101% 102
100
Power
class A
111
25
6%
111
10
6%
674
2,000
4Va
Jan
24%
24%
100
16%
Jan
35/a
3%
200
103 74 10374
70
•
8% May
27% May
O
Ogden Corp common!.
Ohio
Brass
Ohio
Edison
Ohio
Power 4%%
Ohio
Public
Co
class
$6
4
B
*
preferred
Service 1%
5
Natural Gas
118
Oct
112
July
19
19
100
54%
100
48
Jan
114% 11574
260
110
Feb
117
May
7
Jun
8
Feb
3%
Jan
8
Jun
3%
Jan
7%
Jun
V 19
•
11574
1
Securities.
Jan
Jun
200
•
Overseas
107
103% Mar
5%
13%
1374
50
Oliver United Filters B
Jan
103% Aug
115'/a Jun
54%
15
common
prior preferred
conv
13%
22% May
Jan
106%
30
'•■'.'ii'."
Jan
Jan
91
■
100
preferred
$5%
113% 114%
.'■V
100
1st preferred
Oilstocks Ltd common
$3
103%
100
1st pfd
6%
Oklahoma
2%
17%
—
•
common
preferred
~
xW
<l!
1
"7 74
c
7%
150
J
8 74
4
Jan
16% Aug
15%
Oct
19% Apr
55% July
I*
Pacific
Can
Co
common
Pacific Gas & Elec 6%
5%%
1st
13
1st pfd
Lighting $5 preferred
Light 7% pfd
$1.30
1st
•
100
35%
800
110
100
Service
110
10
17%
700
12%
12%
400
1%
1%
1,100
214
2%
400
10
87/a
Jan
14%
31
Jan
36% July
Jan
33% July
102%
73
;f'V
—
•
preferred
preferred
Feb
19% Aug
Jan
86
3%
Jan
6
Sep
14
Jan
—1
8%
1774
5,300
9%
& Elec
A
Jan
19% July
Jan
37
Aug
28%
Jan
33%
Sep
30% Aug
3% Jan
32%
Apr
5%
Sep
44
Jan
65
27%
Jan
39
i
'v
~":
'
300
1
1
T%
"5
2,500
62
1
62
25
A.
•
com
Co
Traffic
Water & Power Co
Sugar Prop
Pepperell
Mfg
101
93
93
■
190
30
164% 164%
A:--vA
20
common..
Co
■
..
50
Penn
Jun
100
•
Mfg
Penn
4
Penn
% Jan
Light $7 preferred—*
preferred
Salt
180
23%
Jun
25
65%
550
65%
100
65
6%
20
Phillips
Packing
Securities
Pierce
Apr
Pioneer
Aug
Pitney-Bowes
130%
Oct
1514
Jun
Pitts
Gold
Bess
E
Apr,
69% Mar
10%
1
Meter
Jan
7%
8%
100
5
Jan
9% July
15%
7.50
common
4%
Jan
8%
Jan
30
10 74
100
8Vb
Jan
13%
2
3.800
Jan
774
Jun
38
Jan
42%
Jun
59%
60
310
47%
Jan
65% July
12
300
10%
Jan
14%
195 A
1,100
84%
Jan
97% July
3%
300
2%
Jan
8 74
Jan
12
95
;A-A-.;VAA
93
3%
12% Mar
~
17B
"l%
174
16,100
l'tv
Jan
9%
10 74
3,600
3%
Feb
6%
63b
Alexander
5
Power Corp of Canada
100
_•
Pratt
Premier
Prentice-Hall
40
Sep
llfA Oct
13 74
54
July
8|4 Jan
12
Apr
~
4%
5%
19 7
•
4%
Jun
Jun
13% July
15
Sep
Oct
2
10%
Sep
Jan
7
Apr
Jan
X9
Jun
Jan
30% July
"
Gold
Mining
in
"To
1
Inc
•
itf
1
200
Jan
1
iV Sep
Jan
%
1,500
42
43
Aug
Aug
Feb
Co
Sep
6
25
10 V8
Sep
2 %
Jun
300
5
Jun
Jun
July
774
25c
Sugar common
&
Jan
9%
4074
7
10
Mining Co
& Lambert
1»4
Oct
July
100
7,300
1 14i
■
60
25
l
/34
Feb
6%
25%
10%
10
28% July
2
Jan
4074
A A
50
common
8%
6%
2
•
Pittsburgh Metallurgical
Pittsburgh Plate Glass
Pleasant Valley Wine Co
Scale
Jan
July
125
Sep
34% Sep
4
23
50
Pittsburgh & Lake Erie
Inc
104
July
31%
6%
25%
•
Jun
69
25
:
14% Mar
10%
3
Jan
3,300
A-?'®
1
RR
%
Jun
~7%
'
6
—25
.
common
Postage
Sep
Sep
July
116% 116%
116%
•
common
Mines Ltd
L
&
pfd
Co
Governor
100
173
51 Va
21%
common
105
Jan
'
Phila Electric Power 5%
2% Mar
Jan
Sep
Apr
Jan
74%
150
2%
•
Co
76
Sep
1%
% Mar
2.50
Sep
33% July,.
Apr
Aug
28
1674
25
A
6%
24
•
common
class
July
9% July
•
Mills
Pennsylvania Edison Co $5 series pfd_*
$2.80 series preferred
•
Power &
Sep
15%
~7%
8%
Pennroad Corp common
$6
Sep
574
72%
•
Co
Parkersburg Rig & Reel
Penn
Oct
98%
Jan
1
i
common
Pantepcc Oil of Venezuela Am shs
Paramount Motors Corp
Penn Gas
110
Jan
3%
•
Jan
Sep
10
Page-Hersey Tubes
$1.40
35%
25
Pacific Power &
Public
13
35%
28%
25
preferred
2%
Mar
Mar
4%
Sep
Pressed
Metals
Producers
Corp
common
of
America
87,|4 Jan
3^3 Jan
6%
102
8
July
Sep.
of Nevada
1
•
Public
Service of
13
53
May
July
9%
Jan
21
May
Jan
8%
Apr
11f
Jan
1374
Apr
1% July
2%
Feb
preferred
1.
Sound Pulp & Timber
Pyle-National Co common
4%
Apr
P.yrene
Jan
Jan
7% July
tV Jan
r-/!
Va May
8% July
6%
6%
100
3%
"7%
500
4
Mar
8
8
100
7
Jun
107
107
10
104
Apr
109
;
100
Feb
1%
34
Apr
100
Puget Sound Power & Light—
Common
$5
8% Mar
Colorado—
1st preferred
1st preferred
6%
42
"7%
6 %
•
Gas
Jan
,'%
—
1
Prosperity Co class B
1\
16%
•
Mines
July
Mar
Texas
preferred
Jan
fe Jan
251 May
40i!;
30c
,
Radio
34
July
21% May
44%
12%
•
preferred
Jan
1%
Public Service 6%
18*
1%
12.50
5%%
Sep
22%
53
Novadel-Agene Corp
Pneumatic
15%
1%
•
Ltd.
Sugar Refining
co
98
34
Phoenix
112?/a
__.
•
Machinery
National
Jun
74 May
Jan
Feb
•
Apr
20% Jan
700
6
__
•
common
National
474
52%
Feb
Philadelphia Co
163t
25
50
common
National Transit
3% Jan
s'a Jan
250
400
88
Jan
Providence
Car
89
Apr
9% July
1% May
%
1
18%
*
_•
&
100
Oct
1274
.
51%
Pharis Tire & Rubber
10
6%
50c
preferred
National
1,200
Perfect Circle Co
50
•
common...
Mfg & Stores
100
%
104
Jan
23%
Central
Powdrell
1
National Fuel Gas
National
1%
Jan
8%
8% May
% Jan
Feb
14 May
6% May
Jan
•
1% May
100
14%
•
•
...
common
Lines common..!
convertible
2,600
374
A
is Sep
3v«
Jun
50
7% May
Jan
1874
1874
i_
100
Candy Co
City
1/128 Jan
500
300
1v
a
3%
83% July
76% July
Utility Securities..—*
Penn RR
Potrero
National
3,500
AA
1%
1%
29%
...
common
American
Polaris
National
Va
9%
8874
0
Rayon class A
prior preferred
Plough
National Breweries
A
5%
91
*
Sep
58% May
Jan
974
1
111%
Jan
42
374
North American
6%
54
10
5
■
—5
preferred
Class
450
5%
Amer Light & Power common __1
12 Va July
13
July
N
Hess
Jan
11,800
78%
70
1
lf/a Mar
13074 13074
;•:
__
—
20
18%
30
2%
•
Jan
Jan
%
"l74 "l%
1%
*
.100
Muskogee Co common
6%
preferred
Bellas
1%
"2%
97% Aug
16%
173
173
..
5c
& Tel
Nachman-Springftiled
Jan
14
5Be
•
Murray Ohio Mfg Co
Muskegon Piston Ring
National
May
Sep
Jan
•
•
10
Power
23
14%
102%
77'4
Electric
North
Telephone
1,200
..
•
Producers
States
July
July
70
•
Plymouth
650
2%
A.!;
10
& Power
Mountain States Tel
105
10
95%
100
Patchogue
8r
—.1
Copper common
Mountain
112
Feb
600
1/64
Corp B
Peninsular
100?4
__
•
A„•_
Mountain
2474 May
13% July
Jan
16
~2%
2%
78%
5
preferred
Nineteen Hundred
Apr
5»/a
.1
Moody Investors partic pfd
Mtge Bank of Col Am shs
Mountain City
102
50
111% 111%
10
Niles-Bement-Pond
Apr
'
....1
Utilities
Ward
100
36%
15%
optional warrants.
Parker Pen
90|A Jun
50
2
......
Montreal Light Heat
4% May
8% May
Jan
104
•
14%
100
Class B optional warrants.
Niagara Share class B common
2%
50!
—
—
common...
Society
Dakota
Montana
111%
Ill
103
100
common
;
3514
l|.
__
2.50
Monarch Machine Tool
Monroe Loan
Feb
18
100
preferred
preferred
Jan
1%
300
5574
---!
100
Jud Voehringer common
.
111%
103
1
lj% Jan
14s;t
2%
17«
—1};]
Mfg
Pictures
31
Feb
10% Mar
pfd.100
pfd—
Penn
Monogram
H OO
1
•
N Y State Electric & Gas $5.10
N Y Water Service 6%
21
6J7a Jan
J
2%
Light 1% pfd——100
Molybdenum Corp
preferred.
shares
25i74
500
8 7b
-
Missouri Public Service common....__•
Mock
Jan
Shipbuilding Corp—
Jan
-"
Mississippi River Power 6%
150
—
15%
'.•
'
'■
1
&
July
2%
21
21. V'
Jun
4
68% Mar
2% Jan
Honduras Rosario
Pacific
8%
....♦
Mining Corp of Canada
Minnesota Pwr &
•W-' A' A;;:
Merchandise
Jun
Jan
28
•
common
9
217/a
Sep
1%
100
2%
2%
107% May
Jan
56%
City Omnibus warrants
Pacific
114
•
Refineries
Minnesota
1,000
•
Y
1% May
7% Mar
7%
50
—
&
5874
Sep
9%
•
—
Co
57
3% July
40
V
shares
common
Midwest
13% Jan
111% July
%
Midland Steel Products—
Abrasive
87% Jan
Feb
K
Mid-West
60
100
19
Jun
6% July
8% Sep
.1
Corp common
5
Midland Oil Corp $2 conv preferred—•
Midvale Co
105%
19
'
Omar lnc__.
Apr
4% Jan
1
—
Mar
Jan
■A
100
,
—
West
$2 non-cum dividend
105
.
10
...
Corp...\
,,
28-
2.50
v t c„.
53% July
18
Sep
19
Jun
4
108*
——*
Preferred
Jan
—
Sep
Aug
6% May;
Jan
Jan
•
Middle States Petroleum class A vtc.l
Class B
1%
15
....1
Michigan Steel Tube
Middle
■-
50
25c
Participating preferred
Metropolitan Edison $6 preferred
Micromatic Hone
107% 108
108
lTa
1
Michigan Sugar Co
Jun
24
Jan
Jan
78
6%%
35
'
4 % Jan
*
common
common...
Merritt Chapman
7%
;
7%
—
•
Co
Memphis Natural Gas
Mercantile
'
200
__5
Dredging..
Mead Johnson
Tn
ll> \
*
•
McWilliams
5'/a May
Jan
.
Jun
90
Jan
3 Va
<»i'/A
'
v
6%
Jan
•
Steam Shovel
Mass Utilities Association
Jan
9%
..
■
Com¬
!
Margay Oil Corp
Marion
1
25%
.•!'.v.;''.;;.
47%
11% May
5 % May
—
Ltd
Co
2%
Jan
—K
•
Co
Marine
57s
•
Co
International
munication
Jan
•
2
(The B)
Consolidated
Mapes
Marconi
Jan
2%
1
convertible
Manischewitz
105%
•
Jun
625
.
46%
474
Y
7%
Mangel
6
Oct
Jan
57
Northern States
%
1,200
Jan
774
1%
i
.100
...
N
Nor Indiana
1%
3%
200
600
—
L
N
North
M
1%
'ry[2-- '^U
7%
5
Co
Mexico & Arizona
Northern
174
^
Jersey Zinc
North
Manati Sugar optional warrants
J,
•
7%
5
47%
Clock
Oct
Sep
Feb
17%
♦
25
Le Tourneau
Mar
% Mar
22
22
*
Leonard
6
101
19% May
—1
High
24%
114
'.yi\
v
«
Haven
$6
Langendorf United Bakeries class A—'
Lefcourt Realty common.
Convertible preferred
Apr
Feb
Feb
6%
100
4%
Jan
3%
100
100
•'
■
•
New Process Co common
20 Va
150
29%
13
£,1•.
—
England Tel & Tel
New
30
12% Jan
104% Feb
10
6% July
New
100
Low
400
24%
111
A.!;
7%
K. 5
preferred
preferred
Range Since January 1
'•
•
New Idea Inc common
RR (N J)
Shore Mines Ltd
:/
5
New
Lake
22 74
111
v'._
Shares
High
LOW
'■
•
Nestle Le Mur Co class A
New England Power Associates
$2
for Week
of Prices
Too
preferred
Nelson
(Herman) Corp
Neptune Meter class A
Sep
Sales
Range
Sale Price
Co
New
Lackawanna
Week's
Last
Exchange
Par
Navarro
14% May
1214 Mar
10
—
74 Sep
Feb
92
69
102'/a
100
special preferred
Brewing
10
•
Koppers Co 6% preferred.
Kresge Dept Stores—
Curb
High
Jan
13 \k. Apr
9% Apt
4^8 Jan
10
.
Knott Corp common.
Kobacker
%
York
Week
Range Since January 1
•
(D Emil)
jfetlay
STOCKS
New
Shares
1
Klein
Sales
for Week
Range
of Prices
Sale Price
15
10
Manufacturing
10 74
11%
9,900
9%
Sep
•
....
prior
Puget
95%
95
95%
400
x94%
Sep
12%
1274
1274
300
7%
Jan
11%
11%
25
9%
9 74
100
•
—
5
10
--
X1074
8% Jan
7%
Feb
107
Sep
114% Aug
12 Va
120
Sep
Aug
1374
Sep
15
Jun
9 V2 May
THE COMMERCIAL' & FINANCIAL CHRONICLE
1560
Week
Low
Par
STOCKS
Sales
Shares
New
Range Since January 1
York
Week
for Week
Range
Last
15
Oct.
of Prices
Sale Price
Exchange
Curb
Ended
Week's
Friday
STOCKS
York
New
Low
High
Curb
(Hugo)
Stroock
81%
Jan
70
120
83%
Mar
92
140
Feb
156
13
350
151 y2
151
.100
July
13
Corp
Feb
July
(Si
5V2 %
1%
1%
•T»
7,300
7%
10
1
10
Raymond Concrete Pile common
•
$3 convertible preferred
*
Raytheon Manufacturing common—50c
Red Bank Oil Co
1
Voting
common
—
Investment A.
Railway & Utility
Aviation
;
Rice Stix Dry Goods
Richfield Oil Corp. warrants
Richmond Radiator
Rio Grande Valley Gas Co v t c
Republic
•
Jun
51
Mar
Jan
14% July
2% Oct
1,000
2%
2%
2%
4,600
'%
24%
300
21'%
*3% "*3'A
1,800
3
Jan
9
100
7
Jan
49
2%
24
10 y4
3'/a
Jan
29'% July
Jan
13%
';.
Jan
10%
1
1
200
1
Aug
100
1%
Jan
4'A July
Jan
17
77%
Jan
Jan
16
Feb
69
22
~3% 1%
5%
Sep
1%
A Jan
7%
Jan
13%
Sep
1%
Jan
6%
Sep
Jan
52'%
Oct
15
Sep
43
200
12% Mar
8% Mar
1,000
10'% July
3% Mar
22%
500
17% Mar
12%
13%
1,200
110
3'A
Jan
4'A
Jan
%
Jan
7%
500
1%
200
43
"4% "4'A
200
Jun
July
July
7
22'% Apr
8%
2'A
Jan
2%
62
Feb
Sep
Jun
July
5%
0'% Jan
—
l'A
•
1%
55%
Jun
1%
56
400
l'A
150
Feb
Jan
67
Jun
100
102
Mar
109
July
100
107
Mar
116
1
v''%-
3'A
3%
——10
17%
16%
3%
1%
6%
Jan
2,400
8%
•8%
71%
71%
73
U
4,200
1% July
8'% July
10
Apr
39
1
—•
Oct
Jan
33
700
9%
Feb
May
18
•
7'% July
4% Jan
2,650
10%
1
-
Oct
1
4
Jan
———•
Corp
Jan
fs
2,100
4,900
18
.'3,
74
warrants
preferred
11% Aug
3
May
53
1
convertible
114
Jan
17%
1%
—•
A
Mar
700
200
7»%
:
Corp
Chatillon
102
6%
1%
•
5'A
26'% July
15% July
Jan
19%
7%
—
Tung-Sol Lamp Works
80c
6'%
19
6%
Co Ltd—
def reg
recs
Inc
Class
112% 113'%
6'/8
19
1
Exports
dep
Tubize
4
•
Transwestern Oil Co—
2'A May
37%
22%
1
Shipyards Corp
Tri-Continental
5'A Mar
700
150
7,700
37/a
Stocks
Product
Trunz
6'A Mar
3%
.
>
13
& Construction
Allied
&
Trans Lux
Sep
3% Jan,
800
5%
1%
—
6
52
•
2
Edison 6% preferred
preferred
Tonopah Mining of Nevada—Sis
Apr
7
13'%
51%
8
7%
Jun
Feb
3'AJan
Jun
;"•) 5%
_100
Toledo
5% July
19
pfd
Amer
18'% July
49%
650
66
64
65
Jun
20'%
22'A
common
dep rets ord regis
Todd
Mar
Jan
Co
Amer
Apr
Jan
2%
100
21%
Jan
•
Roofing Inc
Tobacco
107% July
4
Light 7%
Shovel
Thew
Tobacco Security Trust
11% July
2%
"4% ~4%
Jan
Jan
13%
*
-
Texon Oil & Land Co
Apr
Jan
13
1
•
1
Co
Consolidated PetroleumRyerson & Haynes common
%
Jt
91%
12%
400
—1
common
common
Tishman Realty
1% July
*2
pfd D
5%
50
Taggart Corp common
Tobacco
Sep
3
Sep
50
17%
•
Tilo
Apr
5% May
9
11'A
20%
17%
13
Texas Power &
Mar
11'%
1% July
20%
13
1
preferred
Technicolor Inc
19*
2,500
1
1
Ryan Aeronautical
17%
Jan
1
13% Jan
16%
*
Ryan
20%
•
1
com
Tampa Electric Co
10%
100
Roeser & Pendleton Inc
*
Rome Cable Corp common
5
Roosevelt Field Inc———-———5
Root Petroleum Co
1
$1.20 convertible preferred
20
Royal Typewriter
*
Royalite Oil Co Ltd
*
Russeks Fifth Ave
2Va
Rochester Gas & Elec 6%
Jan
High
Sep
Co
Jun
14% July
7/a Mar
Jan
%
400
15
16%
5
1
Reliance Electric & Engineering
m
--
*
Roller Bit Co
Reed
""'%
72
Rath Packing Co. common
2'A
Jan
Low
%
11%
Swan Finch Oil Corp————
lVa
Radlo-Kelth-Orpheum option warrants-
Range Since January 1
High
S
Superior Port Cement class B
R
Shares
—50c
common
convertible
for Week
of Prices
Low
■
■
Jan
73
1% Jan
1 6% Jan
Oct
5'% May
Oct
11%
U
Udylite Corp
Ltd—
St Lawrence Corp
$2
A
Class
•
—
50
pref
conv
__
Paper common
5
7%
preferred
—100
Salt Dome Oil Co
1
Samson United Corp common.,———1
St
Oil
Co
Schlff
Co
common
(D
Schulte
A)
—
—
—
—
—
1%
45
27%
1%
—
Manufacturing
———25
Scranton Electric'$6 preferred
•
Scranton
Lace common
*
%
12%
100
2%
—
—
Scovill
25
16,000
900
-
r;—
—
2%
13%
1%
115
2%
%
24 A
5,300
10%
1%
9%
1%
—
—25
preferred——
—
—
__
1
common
Convertible
136¥2
10%
1%
•
5
——*
Mills
Savoy
--
X-
3
3'%
136% 136%
3'/a
Regis
Sanford
—
.
1%
49%
9,900
750
28
1,300
%
22V2
25%
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
—
—
—
—
$6
Steel
—
~
~
—
11
11%
—
—
1
•
Securities Corp General
Bros Inc-:
Seeman
8
"
Corp
July
Oct
27
May
29/a Feb
—
—
—
__
6%
200
5
6'A
67
67
—-
67
$6
$3
Sentry
1
1
Safety Control
Serrick Corp class B
Shattuck
Denn
Mining
——8
,
72% July
;
July
5%
cum
common
13
14
95
700
—
——100
94 A
.
U
S
U
S
U S
Apr
16% Jun
100
July
119% Jun
Jan
4
Oct
Jan
111% Apr
900
93
—
25
pfd series AAA
13%
3%
Sep
Jan
83
$5
U
S
U
8
•
Silex
•
Co
common—
Simmons-Boardman Publications—
$3 convertible preferred
Pattern
Simplicity
1
common
Co
Singer Manufacturing Co Ltd—
Amer dep rets ord regis
Sioux City Gas & Elec 7% pfd
Solar
Aircraft
Solar
Manufacturing
Sonotone
South
Pa
Southwest
Southern
Colorado
3%
3%
500
10
25
25
class
Power
Co
10
& Bros
1
•
•
2.78
l
10
l
20
(Ky)
32%
32%
500
40
Jan
f 29% Jan
31
__
31%
31%
1,400
pfd
100
%
63
—
—
__
5%
57/a
,
__
__
35
34%
50
1st preferred with
Radiator common
warrants
'
„
50
20
page
4% July
35% Sep
Jan
%
Jan
Jan
59%
34
25
29%
Feb
39
July
Feb
93
July
—
250
__
%
Vu
200
;
10
475
63
Jan
73%
370
42'%
Sep
47
4%
4%
600
6%
1,200
2%
' 6%
__
7'%
Jan
ys
71%
73%
975
.'.4 2%
—
1%
——•
2%
1%
3,100
Feb
fs Jan
1%
100
% Aug
4'%
Jan
3
Apr
Feb
1%
100
13
Apr
Jun
Feb
Feb
l
7'A
2% May
15
150
19
19
18'/2
19%
Jan
22
July
16
--
Aug
19
Oct
15% Aug
4,500
—
2Vh
2'/«
44'A
53%
5,350
—
—
—
2
10c
l'A
75'%
__
20'% May
42%
1%
%
800
50
Sep
Jan
2
75'%
Jan
Feb
2
800
53%
197/a July
14%
19'%
•
1
Jun
2%
11
6%
8
——J—
37/a
Jun
500
—
6%
Jun
Jan
1%
%
80%
l'A
—
%
1
Aug
1 % May
Jan
60
"
2%
11
Jan
__
•
8% July
Jan
100
400
11
Sep
July
6% July
Jan
4
7/a
11
73%
•
stock—
Sep
70 y2
45%
—1
common
Aug
9A Jun
5'%
%
8
Products—
260
Jan
Feb
69 V2
•
common.
Feb
l'e
44'A
50c
Light $7 preferred
priority
Oct
4% Jun
45
__
* '
—
—
3% Mar
—
„
51/4
18%.
18%
'
17
Jan
% May
Jan
Jan
5 '/2 July
27/a Sep
Jan
2'A Jan
v
is
18 Va
i/4
May
1
6% May
19% Oct
49
Jan
Jan
3
May
68% July
4%
Jun
2'A May
76
Sep
Co
Waitt
Walker
Mining
Wayne
Knitting
Wentworth
Co
Western Air Lines
18%
Jan
Sep
Jan
A. May
^
2Q0
A
Jan
50
I6y2
Jan
60%
400
6%
Jan
11% July
A
&
1,200
1%'
200
1%
Jan
%
100
X
5%
400
Western
Coal
&
Coke
;
J561.
„
•
—
__
-
-
9%
__
__
,
■
—'
;
X May
f
Sep
% May
-
Weyenberg Shoe
Mfg
Oil-O-Matic
Sep
Oct
10%
600
6% Jan
4i/8
4%
100
1%
1%
1Va
300
73/3
7%
100
Jan
12y« May
4% July
H Jan
1% May
2%
Jan
7y2
Oct
Jan
2%
Jan
4
109/% 109 %
20
98%
5%
2,400
5
8%
8%
Willson
C)
&
Products
Heating
Woolworth
American
6%
Wntcht
(F W)
July
9
7
8%
O
11
"B
3
25%
Apr
11%
Jan
95
Jan
19
26
Oct
Sep
May
Sep
May
~8%
8
21
100
July
Feb
15%
Sep
9%
Jun
100
5%
Jan
2,700
57%
Jan
8'%
3'%
7 Va Mar
100
300
11
1%
Jan
9
100
Jan
108
10%
pfd—100
Jun
8
Oct
9% July
4% Mar
12'% July
110
Sep
3%
1
6%
7
2,700
213
6,700
Feb
4%
4
10
_
11 Va
Jan
8'A July
Jun
Ltd—
deooslt
receipts
Preferred
Hargreaves
8'%
1
Woodley Petroleum
Apr
Jan
14%
•
Inc
6'A
5%
800
109%
13
25'A
•
Wisconsin Power & Light 1%
Wolverine Portland Cement
Mar
Jan
Jan
67
10
Co
May
14% May
4
—
1
Corp
Williams
12
Jan
11 '/a
200
i.r
10
56V2 Aug
44
A
200
3'%
3%
5%
Apr
X
1,300
13%
hi
13
20
Jan
Jan
2Va July
Inc
Jan
Feb
15'A July
Apr
Coal
July
Oct
Feb
%
Westmoreland
2%
July
7%
Westmoreland
54
5%
10% July
90
Ry 7% 1st pfd—100
Western Tablet & Stationery com
-•
(R
13
5% Mar
Sep
Apr
200
Western Maryland
Jan
9%
Sep
Feb
3'%
20
Williams
714
July
3
1
Grocer Co
2% May
1% Jun
35'
—
■
10
5%
5
Inc
9
.
4.
5%
Sep
Jan
July
86%
3%
5
113V2 Aug
Jan
1%
gy2
81
7%
1
Mills
July
734
%
Jan
44
40
•
Manufacturing
...1.25
Utility $6 preferred
•
17
58%
„
12
•
class A
Jan
X Feb
32
•
& Bond
Class B
Va
A
76
Wagner Baking voting trust ctfs ext..•
7%
preferred
100
Texas
110
76
76
•
West
^
&
Aircraft
West
71/3
7%
Waco
July
12 '%
500
2,300
100
Jar.
Jan
Jan
18
180
11'A
1% July
%
4%
700
28'%
10%
W
,
3
2.8OO
1%
28
1
Virginia Public Service 7% pfd
Vogt Manufacturing
Jan
13
l'A
1
5
preferred
Petroleum
Jan
5334
__
convertible
1%
—
y4
$4
12 '%
200
500
„
__
Jun
y8
__
16
__
1
%
51%
__
Apr
2%
,
Valspar COrp common—-
July
300
400
t,
—
__
1
1
common
see
Jan
21»%
Sep
Jan
__
.
__
__
tontnnt,p?j
9%
12
100
3/a
5
•
Stertng Brewers mc
Sterling Inc
F"r
'A
4,000
6% July
Apr
Jan
23
•
preferred
Sterling Aluminum Products——
Co
4,700
;
4%
6%
1
-
Sugar
Venezuelan
May
2
V4
%
__
1
2d
B)
%
69 %
'
2
Pictures
$5.50
Jun
July
18 May
14 May
% Jun
2'A
_•
Paper
Utility Equities
123
Jan
58'A
—
—
1
Insurance..
Utah Radio
Jan
t'«
'A
—
25
Rubber Reclaiming
Utah Power &
500
^
•
Utah-Idaho
115
500
X
May
4%
80
1
B.
120 ¥»
16
Jan
56%
&
58
5
Wichita River Oil
1st preferred
(J
120
Jan
%
__
100
B
Wall
10
10
Universal Products Co-
64 % Oct
121% Jun
Jan
209
__
Stetson
Jan
^
%
4%
1
common
5%
Feb
1%
„
35
X
__
1
.
B
Sterchi Bros Stores
6%
6,900
Jun
7%
__
,
„
1
Steel Co of Canada
& Co
2%
2%
Jan
July
Jun
6%
„
—•
Co
Starrett (The) Corp voting trust
cfcfs—I
(A)
A May
—
common
Class
Jun
•j'j Jan
120
25
Universal
44% Sep
33
Aug
32
Sep
Mar
5%
100
__
•
Standard Silver Lead—
Stein
32
Aug
115
__
5%
__
1
Preferred
class
28%
__
—
10
(Ohio)—5%
Tube
28% Mar
10
%
•
Power & Light
Common class B
Standard
100
43%
," ^1-
preferred
Products
31
43%
X
Standard
Standard
Feb
300
8
Brewing Co
Oil
2%
42%
31
—
10
Co
Standard Dredging Corp common
$1.60 convertible preferred
Standard
37% Jan
__
A—25
Standard Cap & Seal common
Standard Oil
1% Jan
42
25
—
Spencer Shoe Corp
Stahl-'Meyer
Inc
Convertible
700
300
.
42%
Spanish & General Corp—
Amer dep rets crd bearer
Amer dep rets ord regis
Standard
3%
4%
2
49,600
-j:
25c
Machinery common
Universal
Mar
July
July
July
May
33
July
Edison—
Phosphate
Line
Royalty
3%
Jan
2% Jan
4%
3%
1
Pipe
Spalding (AG)
1st preferred
__
400
preferred
100
Southern New England Telephone—100
Southland
__
5
106
4%
5%
4'/a
6
4%
49%
3% Mar
96
Jan
2% Jan
200
3%
7%
Southern
3%
3
1
Pipe Line
California
original preferred
6% preferred B
5%% preferred series C
Southern
3%
V«
•
Voting trust ctfs...
—
25
1
Jan
175% Jan
1% May
2%
—
Canal Co.—
Universal Consolidated Oil
,
—
1.
5%
Southern
"
1
Corp common—,
Oil—
>
__
110
57%
Jan
*
and International Securities
United
26% Sep
2"% Aug
241
Apr
21% May
—
2267/a
226
1
common.
13% July
14% Sep
10% Mar
__
__
100
Co
12% Jan
—
__
—
__
226
£1
Corp
Penn
*
.
Co
Soss Manufacturing
South Coast
—
—
17
Jan
%
^
•
Universal Cooler class A
1
100
Singer Manufacturing
—•
Jan
57%
15,600
__
Ltd—
United Stores common——Sherwin-Williams of Canada—
7% July
3
July
14% May
34
Sharing.
preferred
Graphite
12
Jan
l3a
—
preferred
Co
Foil Co class
6'%
'
-
Preferred
% May
4¥a Jun
8% July
A Jan
800
3% May
4'% May
I
'
l'A
>
•
dep rets ord regis
Shoe
9'A
3'A May
1%
•
Profit
United
73
3'A
5
2Vi
13
200
1,300
July
9
•
preferred
United N J RR &
United
10%
—
—
7%
7%
3
__
•
Shawinigan Water & Power
Sherwin-Williams
-
i_
—
.—*
—
3
__
9
10c
United Specialties common
Seton Leather common—
Jan
%
participating
Amer
51% Jan
—¥
5
«•
:
Stores
warrants
United Molasses
May
10
common
participating pfd
United Milk Products
".JJay
,.x8May
Feb
warrants
1st
52% Jan
100
—
y.
Jan
3
Jan
1
United Light & Power common A
Common class B
July
1 /a July
9% Jun
Jan
1'%
3
•
46
>
% Jan
4l/a Jan
13% Mar
% Jan
2
200
1
Option
,5I/4TU}y
300
3%
•
Products
United Gas Corp common
1st $7 preferred non-voting
Sep
8
&
cum
2%
3%
*
—
United Elastic Corp
®®P
July
16 /a July
—
2,900
700
350
1,300
25
Allotment
United
16/a
1 /a
54
32
1., £a?
400
1
1'%
7%
8
16
16%
ill*
%
——
prior stock
certificates
$5.50
1'%
•
•
1
Selby Shoe Co
Selected Industries Inc common
Convertible stock
Cigar-Whelan
44
Apr
7% Jan
-
—"
•
—
.
—,
1
Segal Lock & Hardware
Seiberling Rubber common.
Chemicals
United
•
•
Co common—-
United
3% July
17 A Jan
_•
preferred
Aircraft
2%
—
10
common
United
$3
Co
Canada—
3% July
36
Aug
Scranton Spring Brook Water Service—
Scullin
of
Union Investment
—
—10c
Manufacturing
Union Gas
—
—
Corp
Unexcelled
4/* May
^7
10% Oct
1
—
Realization
Ulen
16 % July
Jan,-;;Jan
.—
—
2/
Apr
Oct
1943
Sales
Range
8ale Price
Sullivan Machinery
Sun Ray Drug Co
Sunray Oil
-
Railway & Light Securities
Week's
Last
15
PaT
Stokely Foods Inc
83 %
Friday
Exchange
Ended Oct.
High
Stinnes
Quaker Oats common
6%
preferred
Quebec Power Co
Monday, October 18,
.
£i
Ltd
«
2%
2%
6%
Jan
10
Jun
5
Bs
Aug
5
Aug
2
Jan
4
Apr
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4221
.Volume 158
NEW YORK CURB
Friday
BONDS
New
Curb
York
Last
Interest
Exchange
Ended Oct.
Week
Period
15
& Electric
2%s
s
f
s
f
s
f decs
$107% 108%
J-J
.1970
.2024
Lt
J-J
.1956
5,s_
J-D
A-0
74%
1948
& Elec
Gas
AConv
deb
Af-S
23%
deb
106%
88%;
98%
106%
109
124
1071/e
4Vis
Friday
Exchange
74%
#:#■ 1
14%
25%
N
Y
&
Westchester Ltg
Debenture
5s
1964
«,
J-J
J-J
Ogden Gas 1st 5s__
Ohio
Power
1st
1st
mtge 3 Vis
1962
Aug 1955
1948
24%
84
13%
25%
Pacific
24%
41
13%
25%
A
1968
A-0
24
23%
241/4
58
12%
F-A
24
23
24
25%
25%
Park Lexington 1st
mtge 3s
Penn Central Lt & Pwr 4%s
1977
M-S
90
89%
90%
F-A
1955
Atlanta
Light
4Vis
___1955
—1964
72%
92 %
104%
108%
106%
109 %
14
'
Gas
Atlantic
City Eiec 3 Vis
Avery & Sons (B. F.)—
without
5s
M-S
'•/. $107
—.
109%
$101%
j_D
1947
warrants
$1041/4 105%
j_J
—
99 Vi
—
-
101%
Power
&
Telephone
1st
5s
M
C
series
1960
Af-N
$120% 121'A
1998
Q-F
$150
Bethlehem Steel
Bickford's Inc
6s
1962
3Vis
-.1968
Birmingham Electric 4 Vis
Edison
Boston
M-S
2%s
104
1970
3-D
1953
J-D
■
1061/2
103%
106%
25
103%
3 021/4
101%
4 Vis
Northern
Central
111
El
Power
Gas
&
Central Power &
5s
3%s
Light 3%s
—1948
M-S
34%
J-j
1953
34%
11
105 Vi
107%
13
42
46
6%
13
145
100
$100% 101
§ A Chicago
6s
Ry 5 Vis A
B
series
deb
Conv
Jan
5s
Debenture
5s
5s
Service
A-O
63%
170
63%
1001/2
1031/2
102
V!'-
$104% 107
A-O
45%
5
63%
60
102
M-S
99%
99%
99%
J-D
96%
96%
96'%
47
1958
A-O
Af-S
1952
5 Vis
M-N
1949
97%
M-N
97%
100%
84%
83%
108
98
98
104i/a
98i/4
v'-
Consol
Gas
3%s
&
7s
Pr
Lt
El
series
ref
1st
Lt
&
A
Pr
Real
Estate
Gen
—1954
A-0
M-N
1958
F-A
1944
Textile 5s
J-D
Continental Gas & E) 5s
5s
Packing
Cudahy
105%
121
123%
131%
$122
114
114
123%
"l
114
•
98%
987/s
87 %
100
5
..1952
14
102% 102%
89%
90
90%
&
Light 5s
2030
F-A
102
101% 102V4
& RR 5s
1956
M-S
123%
123% 123%
1
1952
Af-S
.—1954
Af-N
Af-3
District El
5s
5Vis
Federal Water Service
Carolina
«.
Southern
6s
General
3% 8
Power
Pub
1st
107
158
3
•
1105
Counties
87%
1-
J-D
Af-S
stpd
Great
Nor Power 5s
90%
V
94%
94%
96
14
M-S
128
"l
70
J-J
70
90%
90%
96
114
131
79
__
70
'
108%
1
70
70
1
85 %
97'A
IO31/2 104
17
100%
1051/4
103% 1041/s
12
100%
104%
1
J-J
103%
105%
105%
2
1965
M-S
103'/2
10b %
1051/4
105
1051/4
32
1970
A-0
102%
105%
108
108%
18
106%
109%
J-J
103
Rys
1951
F-A
106%
__
3
(Calif)—
4s
$104
70%
70
#.
■;
107
701/2
32
52%
72
1989
M-N
79%
79
80
50
62
80
May 1948
A-O
86 V8
85%
86%
52
May 1948
A-0
64%
86'/a
86%
85%
86%
62
______195l
65
F-A
86 i/e
86
86 i/e
41
1966
J-D
65%
86
86%
85%
86
24
1957
F-A
65%
86%
85%
85%
86%
64
1957
1950
65%
F-A
86%
851/4
86
82
A-0
64%
86%
$26%
28
23%
32
1946
J-J
$16%
24
12%
32
1946
A-0
1960
J-J
106%
106% 107
1956
M-N
107%
107% 108%
$116
117%
&
Standard
106%
103
107
51
57
106%
'.91%
'i-V-
98%
.4
99
86 %
6s
Dec
&
1
;
Light
6s
Corp inc 5s
7-4s
3d
stamped
7-4s
(Hugo)
2nd
Texas
:
6s
stamped
series
63 Vi
Tide
Service
&
5s
Light 5s
A
Water
2022
Power
Edison
5s
63%
Electric
N
91
101 Vi
United
Light
Power
108%
63'%
J-J
1966
J-D
98%
Jan 1949
A-0
$100
102
Jan 1949
A-0
78
1109 Vi 1101/4
$101% 104
10
J-J
1952
City Rapid Transit 5%s
United
1
F-A
1968
89%
r5
93
J-J
1979
3Vis
57
109%
93
171/4
J-D
102
44
111
106 Vi
94
1st lien
&
United Lt
&
United
64
6s
&
cons
Rys
J
4s.:
5Vis
91
102%
Debenture
S3
95%
J-D
$110
A-0
5Vis_1952
A-0
103%
V161/4
A
series
1st
,
96
1959
(Delaware)
Light & Railways (Maine)
111%
86%
131/2
25
#
19
17
106
109"%
111
102%
105%
'115%
108%
33
96%
102%
2
96%
107%
109%
35
85
1121%
111%
Co—
108% 108%
106
103% 104%
96%
96%
112%
109
104%
—
1952
F-A
1944
Utah Power & Light Co-
109%
1949
17%
107% 107%
100V4
Twin
1071/4
Industries—
Electric
Texas Power
108%
96%
2
Certificates of deposit—.
3
106% 1061/2
93
102%
90y8
106%
(Hugo) Corp—
5
101
1108
J-D
93%
42
98 Vi
101
J-D
105
/l10
105% 105%
107%
103%
:
:
6s
Power
Starrest
$108
Electric—
debentures
gold
104
36
Gas
Debenture
Stinnes
105
101% 1017/a
1958
B—
156
1957
6s
Toledo
Houston Lt & Pwr 3 Vis
series
106%
r-t CO CO
3s
:
Indiana
Standard
A
97
1945
6s
103%
7
M-S
104 y*
64
Grocery Store Products
Guantanamo & West 6s
Hygrade Food 6s ser A
9
152% 153
F-A
102%
30
9814
86
98%
F-A
.1950
1963
Mountain Pow 3%
101%
J-J
Grand Trunk
Green
110
3Vis
'
(Adolf) 4Vis series A—1941
West 4s
—1950
AGobel
106%
1970
124
1101% 103
M-S
5s
4s
93%
9
2022
123%
:
__
1041/2
97%
98
J-J
1965
Coal
Alden
Glen
A-0
J-D
1978
Georgia Power & Lignt
112 %
77
105% 105%
IO51/2 lOS'/z
5s
Gas
Gas
Debenture
79
105V4
104
J-J
1969
1953
,
109
112
111
1
Southwestern Gas & Elec 3 %s
Southwestern P & L 8s
11
1051/2
107
107
J-D
6s ser A——1948
Co.
110%
93%
111% 111%
$127%
J-D
1947
Edison
mtge 3s
2
105
V.V!"
M-S
1966
1954
A
5s
Serv
General Rayon
101%
1971
Power
87%
•/.-JHfr:.' v.'--.';.,":/
Gatineau
1952
.
103%
Stinnes
1961
stamped
6s-5s
Florida Power Co 4s ser C
Florida Pow & Lt 5s
J-D
—1951
D
98%
Mtge Bank—
Residential
Finland
_____1979
A-0
series
(stamped)
Conv 6s stamped
101
59
Water Lt
Empire
A-O
6s
Wyoming Coal
79
V
271
Power
.
_1970
4%s
Sheridan
82%
187
87
98%
M-S
.1955
3%s——
Eastern Gas & Fuel 4s ser A——1956
Elmira
152%
104
6s
Electric
108
97%
104% 104%
M-'N
1121/4
109
109
A-O
California
101%
-
931/2
.
1967
1st
California
105%
104% 1041/4
stmpd—1953
mtge 4Vis
Cuban Tobacco
J-J
2
r 3
$111% 111%
$1121/4 113
—
Shawinigan Water & Pwr 4%s
Southern
109%
107% 107'A
105
Spalding (A G) deb 5s
ref mtge 2%g ser Q
Consolidated Gas (Bait City)—
1st
AConsolidated
J-D
115%
5
A-0
120%
$109% 110%
1969
1976
mtge 3s ser P
3-D
110'/a
100 7101
1951
Southern
1971
109V4
111
J-D
Joaquin Lt & Pwr 6s B
ASchulte
South
(Bait)—
N
107%
1071/4
105% 105%
Scullin Steel inc mtge 3s
Southern
86#
$1171/4 120%
—
38%
11
J-D
„
"
Connecticut
IO8V2
11
A-O
1964
A.
99
100%
49
99 Ve 100%
series
98
84%
85
105
—
Af-S
New Jersey—
certificates...
100
15
CO
100
107
107%
$1071/4 108
M-N
1959
.—1949
Safe Harbor Water 4%s__
101
95
99
99
98%
100
J-D
1951
5 Vis
89
1
1969
& L
P
103
'
;
1966
1950
5s
Debenture
Cities
F-A
——1955
-
Service
Cities
1927
1952
ctfs
Rys 5s
of
perpetual
5%s
San
Cincinnati St
1956
1961
46
100%
30%
102%
Queens Borough Gas & Electric—
,
351%
Service
IO71/2
85
E
mtge 3Vis
Sinking fund deb 4s
99%
1051/4
17
351%
34%
Vi
29
99%
105V8 1051/4
351%
J-J
-——1954
A5'/aS
Central States P ft L 5%s
99%
105% 106
1051/a
F-A
1969
ACentral States Electric 5s
99%
105%
5s
F
1st
Public
Canada
Eaison
series
Corp
(Can) 4%s B
Public Service Co of Colorado—
104%
__
4
42
J-J
Potomac
305%
38%
$108 »/s 108%
112% 113
—
Af-S
1950
102%
101%
3
111%
109
100%
106%
Co—
stamped extended
107%
IO6V2
—
$107
J-D
1962
Coke
&
110
107
106
F-A
Philadelphia Rapid Transit 6s
1071/2
:
J-J
1972
Power
16
104'%
103
M- N
1964
-—
104
108'%
Power
106
105%
26
" 104%
371/4
•
—
7.—
Jf-N
.1970
Elec
103 ;
.
M-N
.
5Vis
121
__
$106
A-0
Vis
6
117 Vi
■
180
116%
J-J
1977
3
—
$107% 108%
$102% 103 %
F-A
1964
Pennsylvania Water & Power 3Vis_1964
A5s
J-D
114%
1
115% 115%
1957
1955
—__1979
Philadelphia
of Canada—
series B
5s
5s
5s—
Portland Gas
Bell
Light
85%
105%
108% 109
A-O
115%
541/2
"':
$105% 108%
F-A
■
108%
1151/e
3 4
112
105
•
108
4s
High
111
107
23
deb 5Vis A
Af-N
108
Service
Low
'
#*»<«•'
85%
$106
Oklahoma Nat Gas 3%s B
Oklahoma Power & Water 5s
1st
0.
■'!'
•
A-0
Public
Range Since
.January *
Sold
__
85%
• - '.•/•
a-0
23
Assoc T & T
—
—
1968
23%
14
Bonds
High
3s___™__™_.,.^i._i97i
mtge
Ohio
__1945
24
7
Friday's
$111% 112
#$105
107Vi
$115%
ft.-O.j ■ ■•v"
;
F- A
5Vis
—
1954
J-J
deb
—
J-J
Utility 5%s.™_1948
North Continental
1949
Debenture 5s
or
Sale Price Bid & Asked
Af-N
__2004
1950
AConv
Week's Range
Last
Period
4s
AConv deb 5s
)'
Interest
15
N Y State Elec & Gas 3%s
109
46%
23%
23%
Curb
Ended Oct.
Low
126%
8
113
!V
Co-—
4%s—.
AConv
llO'/a
74%
107V2 108
J-J
107%
96
York
Week
108%
15
108% 108%
$1241/4 126
107%
104%
6
98
73%
.1953
SAssoclated
108%
103%
V-"
New
High
105
'J,:'-"
92
105% 105%
97V2
98
J-J
w-
110 %
$110
1051/4
M-S
.1961
&
9
103% 103%
J-J
1970
:
J-J
.1960
_—
.2016
Arkansas Pr
Low
No.
High
.1950
debs
33/4S
Range Sinct
January 1
Sold
Co.—
debs
3V2S
BONDS
Bonds
Friday's
Sale Price Bid & Asked
Low
American Gas
EXCHANGE
Week's Range
or
1561
F-A
2022
M-N
116% 116%
116
117%
95
100'%
96
107
—
101
lien
&
gen
6s
4Vis
series
A
$98
102
101
99%
102
Waldorf-Astoria Hotel—
Idaho
& Light
Power
6s series
ref
&
1st
&
1954
1954
1956
1956
1957
1957
ref 5s series C
81
ref
5Vis series B
Indiana
Hydro-Elec
Indiana
Service
-
1st lien
5s_
.1952
1952
108%
Wash
Water
102
105
•V'"
1051/2
47
107%
West
105% 105%
23
92%
1071/4
West
IO2V2 1021/2
fa
105%
•~
8
94%
102%
95%
95
92
3-D
1081/4
101
951/2
92%
$112
A-0
1954
M-S
1951
J-D
1964
J-D
271/4
14
•'
95
80%
15
108% IO8V4
5
95
$26
24
*
& Light
85%
84%
56%
56%
56%
33
33
35
1965
A-O
$109% 110%
1960
J-D
102% 110%
$115
110
F-A
1937
83%
J-D
M-S
J-J
1970
J-J
1966
1957
85%
36
98%
44%
29
107%
109%
106%
108
121
123
108
122
$112%
113"#
108% 108%
$108
York
Week
Curb
Ended
,
interest
Exchange
Oct.
15
Period
108%
IO71/2
17
113
107%
Agricultural Mortgage Bank (Col) —
A 20-year
7s
April 1946
A
20-year 7s
Jan 1947
Bogota (see Mortgage Bank of)
109%
ACauca
106%
110%
Last
1948
1947
1971
E
G
F A
Af-S
Af-N
—1965
stamped
Mengel Co conv 4Vis
Metropolitan Edison 4s
6s
Af-N
J-J
1943
Middle States Petrol 6Vis
96
101%
106%
96
101% 101%
106% 108%
IIO1/4 IIOV4
$102% 103
2
86%
Danish
Valley 7s_
1948
;
5%s
__1955
5s
2
IOO1/2
102 Va
1061/2
;
1953
;
2
108%
112
AMdrahho
102%
AMedellin
4Vis
Milwaukee Gas Light
5s
Af-S
J-D
J-D
F-A
J-D
M-S
,
Elec
100y4
Orleans
A Income
6s
1061/4 106%
36
105%
ALima City
109
103% 1041/a
19
103
106%
105%
109
103 %
63%
83
75
98%
73%
99
11
108% 1081/2
5
102
102
27%
stamped
1952
(Peru) 6%s stamped_1958
J-J
M-N
$17%
stamped
'
103
72
97%
$21
24
21
38V2
;y;33:3—\;3
20%
20
35
16%
24%
32
32%
$371/8
33
1947
20
37%
98
1972
J-D
54
54
1
113
AParana
1958
M-8
30
30
13
102%
A Rio
j:. 1031%
|
1
71
118%
12%
1959
J-J
1919
J-D
1921
J-J
97%
112
74%
46
47%
74%
18
50%
711/4 74%
$108% 110
106
94%
95%
971/4
98%
__
50
58
50
107%
76%
82%
27%
de
ARussian
(State)
Janeiro
7s
;
6 Vis
—
'
$27%
28
32
—w
;3
20%
45
55
22%
''
•
^
38
18
35%
17
30
117%
Af-N
A5
$104% 105
—
102%
Vis
Government
_
6 Vis
5V8
5
5%
5
51/8
3
83
2%
9%
85
2%
9Va
103%
114 Va
77%
76%
r
•No par value,
a Deferred delivery sale,
d Ex-interest,
e Odd-lot sale,
n Under-the-rule sale,
x Ex-dividend,
sale,
y $8 liquidating dividend paid.
$Friday's bid and asked prices; no sales being transacted during current week.
ABcnds being traded flat.
§Reported in receivership.
Cash
I
78
109
95%
981/4
Abbreviations used
above—"cod," certificates of deposit; "cons," consolidated; "cum," cumula¬
"conv," convertible; "M," mortgage; "n-v," non-voting stock; "v t c," voting trust certificates;
V' when issued; "w w," with warrants; "x w," without warrants.
tive;
J-D
31
60
11%
—
22
114
72
J-D
1951
19%
381/2
1
72
Nov 1949
32%
J-D
$18%
64%
42
10
■
$18
110%
J-D
95
M-N
v/;:
30
■•y#33r- .3.
,
23%
44%
56
56
$371/8
107
$113
A-0
--
$55
54%
14%
A-0
1171/4 1171/4
M-N
J-J
46
—
$50
High
_J
J-D
7
72
,
.
;::33.
Low
19%
M-N
.
No.
1931
Service—
'
—•
Range Since
January 1
Sold
■'
$20
'
F-A
1958
7s
7s
Bonds
High
AMortgage Bank of Chile 6s_^
Mortgage Bank of Denmark 5s
14
72%
1950
series A
$55
—
J-D
M-S
Alssue of May 1927
A Issue of Oct
1927
62%
,27%
103%
1948
1954
1
49
108%' 1081/4
M-S
1961
3Vis™.
Power Assn 5s
__
1051/8 1051/4
108 Vi
Friday's
107%
108
$106V4 106%
A-O
J-J
1948
5s
Public
7
1948
1956
Debenture 5Vis
.
60%
-.1947
5s
5s
New Eng Gas & El Assn 5s
5s
Power
106%
/104
J-J
Af-N
F-A
Mississippi P & L 5s
1957
Mississippi River Pow 1st 5s
1951
Nassau & Suffolk Ltg 5s
1943
ANational Public Service 5s ctfs—1978
Nebraska Power 4Vis
1981
68 series A
-2022
Gas
60%
A-O
——1978
1955
Minnesota P 8s L 4Vis
Amsterdam
6%s
Mortgage Bank of Bogota 7s
1963
1967
4s
New
1
4
$55
110%
Midland Valley RR—
Nevada-California
AExternal
99
7
—
or
A-0
.
deb
30
...
Sale Price Bid & Asked
Danzig Port & Waterways—
Radiator & Mfg—
England
V
98%
99
Low
112
2
108 Vi
106% 103
New
Extended
Conv
83%
98
J-D
II8V4
100%
BONDS
59
16%
1
108
108%
74%
9
±121
A-0
J-D
New England
851/2
98
J-D
1947
,
116%
$99% 100%
F-A
1959
■■■■■
108% 109%
Af-S
1966
2022
1969
Dist Pow 3 Vis
Louisiana Pow & Lt 5s
New
30%
35
22
85%
J-J
J-J
196b
Kentucky Utilities 4s
New
110%
Foreign Governments & icinicipatities
33%
17%
__
196b
3Vis
35%
35%
63
$._
.1952
1952
6s
& Electric 6s—
ref
1.091/4
109
35
16%
19
J-J
1957
1957
5s
1
33
26
J-J
1952
6s
Kansas Power
&
108%
38
17
*8
25%
24
16%
.1952
coupon)
Lake Superior
1st
4%
16
2030
5s
Rys Co 5s stpd
AStamped 5s
:
.1952
1952
Jersey Cent Pow & Lt 3Vis
Electric Power 3Vis
series
52
109
18%
31
25%
24
'
F-A
1957
1957
Kansas
4s
27%
5s
Traction
IA York
115
105%
Electric
Penn
6s stamped extended to
95%
80
Penn
Newspaper Union—
6s unstamped extended to 1959
103
112
113%
'/
McCord
27%
108% 1091/4
$109% 110%
3%s
'
coupon)
Superpower
Kansas Gas
debs
Power
Western
105
$102% 103
.1955
F
Power
Debenture
Altalian
104%
.
(July 1941
Interstate
Ry & Elec 4s
19
M-N
1957
1941
(Aug
A7s
105% 111%
106%
J-J
.1955
1955
coup)
1941
(Dec 1
E_
series
A 7s
38
106
F-A
:
.1970
in"n
series
A7s
Af-N
.1983
C
series
A6Vis
106%
106
income
Power Sec—
International
A7s
Af-S
.1950
1950
5s
AIndianapolis Gas 5s A—J
Indianapolis P & L 3Vis
A6V2S
106%
J-D
.1958
1958
ref 5s
8t
J-D
5s
Wash
1st ft ref 5Vis series B
1st
A-0
a
106
Corp—
A
1st
A-0
.1953
1953
33/4S
Power
Illinois
1967
1967
106
"w
THE COMMERCIAL & FINANCIAL CHRONICLE
1562
Monday, October 18, 1943
OTHER STOCK EXCHANGES
Baltimore Stock
Exchange
Friday
Range
Sale Price
8 T 0 C KS
18%
*
:—
Friday
for Week
Range Since January 1
Low
High
16
780
18%
18
STOCKS—
19
Jan
Adams Oil
&
Transit
Co—
8
34%
34%
34%
65
65
65
30
106
106
10
106
Oct
40
40
20
34
Jan
143% 145
85
125
Mar
9,#
*
_10G
preferred C
Eastern Sugars Assoc—
Preferred v t c
6
27
35
Feb;
Deposit
&
Oct
Allls
of
—
20
—
145
42%
Corp—10
A com—:——_5
Finance
Co
Houston
Oil of Texas 6%
Amer
Mt
Vernon-Woodbury
42%
2.00
83%
145
42
Jun
Jan
28
1.75
Jan
77
Jan
U
8 Fidelity
Bank
—
38%
33%
50
>—20
& Guar
National
Western
2
Casualty
—
33%
Tel
&
Apr
143
22
Jan
29%
Jan
39% July
408
31
Jan
34
Aviation
17%
50
12%
Jan
18% July
36
5 %
.4
5%
5%
.3
3%
3%
Corp..'
&
Borg
Warner
Laughlin
Inc
1
Corp
of
Certificates
Fence & Wire
Transit Co
Bruce
5%—
indebt
5s series A
—
._
........1975
—
81,300
90%
52%
50,000
59%
8,000
100
52 %
59%
52%
1970
4s
100
—
Jan
101
Aug
49
Mar
56
Jun
55
Mar
Co
(E L)
%
Jan
2%
v
42%
Jan
14%
14%
100
9%
7
400
13%
Jan
8%
100
5%
Jan
34%
;7%
I
35
7: 8
"7%
290
14% July
17
Sept
9%
33% Aug
4% Aug
150
87/b Aug
4%
200
16%
16%
200
13%
-
33%
235
26%
Jan
3%
900
1%
Jan
4
100
12%
Jan
19
33%
-
4
Jan
Jan
3%
5
'•V-
18%
•
5%
10
convertible preferred———
9
30
Central Illinois Pub Serv $6 pfd.
5%
87%
July
%
i
•
Central
....
States
Last
STOCKS—
Range
Sale Price
of Prices
Par
American
Sugar
Refining—1.
American
Tei
Tel—
&
—
100
&
Light pref-—*
common—
U.5
7%
5%
—
—100
Albany RR
17%
Jan
127%
Jan
246
24%
Jan
13
130
Jan
13
97%
60
33%
1,870
66%
67%
267
18%
19
515
21%
7 19
22%
2%
100
9
.
81%
Jan
24
Jan
7 62% Jan
32%
C
-
5
preferred—— .--100
1st
—.
Coleman Lamp
Jan
Jan
4
7
V t c
92
Aug
is
Jan
70
92%
Jan
90
26
Jon
61
July
Apr
9
% May
9%
Jan
14
Aug
2
Jan
8
12%
•ft Jan
240
12%
3%
150
6
48%
7,550
49%
50
900
38%
30
30
3%
100
2
5
25
1
%
50
13%
13%
77%
78%
10
Co
78%
Jan
1 %
112%
Oct
6%
Oct
49%
104
Jan
112
55
May
Oct
Oct
70
42
Mar
10
11%
Jan
15%
422
■
67%
Jan
85
July
3%
Jan
18
May
1%
Feb
Jan
Edison
Biscuit
3%
3%
100
2
Jan
6
5
180
2%
Jan
8%
Decker
Jun
11%
Jan
25%
25%
26%
3,450
4%
:
14
200
3%
*
4%
250
10
3%
36% Mar
42
21%
Jan
Sep
27
Jan
Apr
Oct
July
5% May
200
2%
16%
17
130
10%
Jan
20%
21
21 */»
103
16%
Jan
23% July
4%;
-
50
______
17
Sep
25
cum
20
19%
20
305
14%
Jan
22% July
pfd,—100
97
96%
97%
130
83
Jan
21
21
25
10%
Jan
100% Aug
22% Sep
20
20
50
17
Feb
23 % July
30
...—
2Va
;
20
(Alf) & Cohn Inc—
Common
Jun
190
42
3
l
Cunningham Drug Stores
Jun
5%
13%
42
25
common..
common
pref pt shares
Common
$% Jun
5
14
42
common—0
Container Corp of America common—20
May
2%
3%
3%
100
—...
69% Jan
460
111% 112
5
common
Utensil
Consumers Co—
Apr
Jan
Consolidated
32% Apr
1 %
55
2%
-v.
49
& Stove common--—0
Commonwealth
69% Aug
19'A Jun
8%
Aluminum
Club
July
102
July
34% July
'
class
Jun
158% July
Jan
14
5
3%
;
100
—
-
100
%
5%
*
.
Crane. Co common.
'
100
_
Stamped
Stamped
Cities Service Co.
31% Apr
.
32
100
1st preferred-
B
65
1,320
Cudahy Packing Co 7%
Bpston & Maine RR—
7% prior preferred
6%
preferred stamped..
class
27%
25%
97
66%
•
Boston Herald Traveler Corp
July
High
156%
97
—100
Boston Elevated Ry
10% July
29
54%
7%
•
,
„_
Chicago Yellow Cab capital
Chrysler Corp common
Range Since January 1
Low
33%
25
Edison
Shares
13
--
a
Inc
Comomrt capital
for Week
25%
155
156%
50
Jan
Jan
Sales
High
27%
V.
...100
Anaconda Copper
Son
Low
~
5%
20%
150
..
109
54%
.
Power
%
108
109
•'
Chicago Corp common._....._.._..-_l
Convertible
preferred
Chicago Towel Co conv pref—
*
Oct. 9 to Oct. 15 both inclusive, compiled from official sales lists
Week's
%
*
Cherry Burrell Corp
Friday
.50o
com
preferred
Oct
510
88%
87%
;Vj
Apr
19% July
38% July
400
.
28%
%
•
—_1
____
Preferred
Exchange
9
28%
Illinois Securities Corp—
Prior lien
Boston Stock
19
Apr
39% Mat
4%
—
.
July
6% May
Jan
16%
July
1% Mar
3% Jan
16%
Sep
158% July
6% Sep
i'lyV '
1
common
Central & South West Util
7 7c
500
'
Common
8 7c
50
450
,8%
5
common
Brothers
Central
Boston &
1%
5%
3%
.
64% Jun
Butler
4
Boston
Jan
t
Atlantic Coast Line Conn—
&
Jan
3
'
Brown
Bird
Jan
128"%
16%
5
common
25%
754
..
1
common——
205
750
5%
1%
Corp common——..5
Bonds—
Baltimore
13% Aug
35%
Manufacturing*.^ capital..____1
Bliss
May
Jan '
Manufacturing Co contmon-_l
Berghoff Brewing
28% July
496
11
17%
<V
Bendix
34%
150
155% 155%
Seelig Manufact common A-5
Belden Manufacturing Co common
10
Belmont Radio Corp.......
2.25 Mar
Jan
13%
U 5%
........5
High
6
•
100
capital
Low
400
*
...
Co
common....
Range Since January 1
33%
13%
Barlow &
Sep
84
& Tel
Co
Shares
High
33
<■
Athey Truss Wheel capital
10% July
Jan
25
28
38%
33%
9j/4
22%
24
33
1
.
Aviation Corp (Delaware)...
July
% July
1
2.00
83%
28
38%
—
Jan
40%
Binks
Amsterdam
New
common
Chalmers Mfg Co.
Armour
Oct
106
200
28
28
—
35%
15
42 %
9%
9%
—
pfd v t c_25
-.100
Mills pfd——100
Maryland & Pa RR
67% Aug
Asbestos
——1
Co
Guar Fire
&
,
57% Jan
.
.
Fidelity
•
,
American
Fidelity
Bearing
LOW
12% Jan
Aug
9%
—1
Inc.——i—
9
374
100
---
Consol Gas Elec Lt & Pr common
4%
Co common..
Allied Laboratories- common.......
Preferred v t 0—
Brager Eisenberg
Gas
for Week
of Prices
Par
Mar
Sales
.Range
Sale Price
High
Aetna Ball
Baltimore
sales lists
Week's
Last
Shares
of Prices
Low
Par
inclusive, compiled from official
Sales
Week's
Last
Arundel Corporation
Chicago Stock Exchange
Oct. 9 to Oct. 15 both
inclusive, compiled from official sales lists
Oct. 9 to Oct. 15 both
—10
—,
Preferred
6
6%
i—100
81
150
6%
75
81
36%
——
36%
12%
5%
7%
2%
80
Jan
6%
Oct
42
Jan
81
100
26%
Jan
12%
100
10
Jan
42% July
13% Apr
6%
3,200
1%
Jan
6% May
7%
400
3%
Jan
8% July
Oct
'
Personal
Boston
«
Property Trust-
__
15% '
14%
.
Deere
16% July
&
Co
common
Dodge Manufacturing Corp common..'*
5
Calumet & Hecla
Cities
Conn &
•
7
12%
Service
7%
35
6%
Jan
9%
132
3%
Jan
17%
Domestic Industries
Apr
13%
Electric Household
Passumpsic River RR—
'
Preferred
—
-
-100
~
96
--
Inc cilass
A—__—1
6
■
Jun
99
21
75
Feb
5
Elgin National Watch Co...
Oct
99
Util Corp
•
7%
—15
29
29%
150
15%
16
450
23
Jan
.
Eversharp Inc common
.
Eastern Gas & Fuel Associates—
a
Common
prior preferred
4%%
__
1%
100
-
57
1%
50
57%
57
38
%
42
2% May
Jan
Jan
59
Apr
'
-A
•
.
Street Ry
common. -.100
7
i
•
Four-Wheel
Fox
•.
.„
Drive
Auto—.10
Brewing common..
Manufacturing common..
5
6
230
124
45
98
Jan
124
Oct
General
63
63
50
25
Jan
68
Sep
General Finance Corp
2%
15%
6%
Feb
31
Sep
17% May
-i
123
6
..._.l
.
(Peter)
Fuller
Eastern Mass
•
.
■;£8S
11%
1
,
11%
36
—5
36
-4%
100
6%
250
4%
15
200
3%
Jan
Mar
Jan
14% July
42% Sep
6% Jun
9% July
Jan
'
—100
1st preferred series A.:
67c
67o
preferred
B
100
—
100
5% preferred adjustment
V
■
20%
9
Eastern SS Lines Inc common
Employers
Engineers
•
Group Association—.
Public Service
First National
19%
600
9
200
Jan
24 %
8% May
Jan
34%
6
50
2%
Jan
9%
36%
37%
79
31%
Jan
39%
36%
1,009
30%
Jan
General Motors
•
*V;
•
Gillette Safety Razor Co
—
7>
242
4%
Jan
7
.
Kennecott
•
Copper
Corp (Del) common._
cumulative preferred
6%
.
--50
5 7c
preferred
—
—
—
_
v
t
—
Narragansett Racing Assn Inc
1
7
11%
105%
.2.50
North Butte Mining
RR
(N
H)
——
100
3
Jan
400
7%
600
4%
Jan
Sep
7
100
4%
Goodyear Tire & Rubber
July
9% May
(H W)
Printing Co
Dk
23%
23%
70
-
12%
Jan
58
12c
Jan
35
35%
Jan
3%
Jan
11%
285
151
254
%
u
45c
7
11%
45c
99
U
46c
450
99
99
30c
40c
24
—
6%
86
24%
65
26%
27%
689
1%
1,335
5
Jan
Jan
ft Jan
33
1%
50
7
14%
May
Apr
600
10
Jan
150
17%
Jan
21
Apr
15%
15%
100
12%
Jan
18
July
Jan
9% Aug
37% Aug
13% May
Inc
July
International
Interstate
2% Mar
Jan
78
Jap
15c
Jan
1% July
85c
$7
Jarvis
100
Colony RR—
40c
60
Harvester
Power
$6
(W B)
—
Pennsylvania
50
RR
—25
Quincy Mining Co
27%
—
1
13%
19
Shawmut
Assn.
Stone &
Webster
2nd
$4
«
Inc
Electric
Suburban
13%
—
8%
8%
13%
10
8%
112
80
80
33%
34%
5
Common
19
Jan
•
(The)
Co
--
65
J an
32%
Twist
United
66c
Jan
Apr
1% Mar
9%
Jan
14%
5%
Jan
10% May
62
Jun
80
Oct
29%
Jan
36
29%
28%
£9%
35
28%
Oct
37
Feb
73%
71%
74%
339
60%
Apr
76%
Sep
&
class
McCord Rad &
cumulative
6 7c
S
preferred
Rubber
—
69
70%
—25
United Shoe Machinery Corp
U
69%
45
44%
45
41%
43%
-10
—
Utah
Metal &
Jan
1
Jan
4%
Apr
130
1% Mar
3%
Apr
12%
12%
see
page
1567.
50
•
9%
Jan
7
7
900
5%
Jan
10
10
100
4%
Jan
14% Jun
47%
*
47%
20
41
Jan
48%
Sep
6%
7%
1,400
5
Jan
8%
Jun
16
8%
July
Jun
Lamp—
*
pref
cum
10
50
7%
1%%
100
%
Jan
5%
5%
250
2%
Jan
5%
Oct
19 %
19%
50
15%
Jan
21%
Jun
Jan
27% May
167/e July
1%
%
22 ;
300
13
15%
80
10
4%
4%
600
3%
8%
9%
7,950
4%
15%
3,100
West
Corp
United
Convertible
*
capital
2
July
21%
Jan
Feb
Jan
47/a
Oct
9%
Oct
5
9%
*
15%
15
Jan
15%
Oc
prior lien—... 100
6%
6
7
250
1%
Feb
11%
Se]
6%
8
150
2
Jan
11%
Co—
preferred A...
Midland Utilities 6%
Sep
7%
Sep
47
July
67c
46
...
preferred A
Jan
8%
July
Jan
74
21c
25C
600
21c
Oct
80c
80c
5
80c
Oct
93%
94%
48c
1%
Apr
106
80% Jan
& Hart—•
Common
100
6%
100
%
100
%
%
50
%
Jan
%
%
100
%
Feb
2%
ii%
2%
3,000
1
Jan
11%
750
8%
Jan
50
%
Jan
495
33%
Jan
Se]
7/e Ma;
% Ma;
:
stock
y
t c
*
2%
10
prior preferred—i
11%
3% July
12
July
Feb
Monroe
footnotes
■
21%
$1
For
74% Jun
57
140
3%
15%
42%
21C
—
139
3%
1
common
25%
80C
-50
67%
3%
.3%
common.
Mfg class A.
Field
258
1
Westinghouse Electric & Mfg.
7
July
78% July
67
•
A
335
63 %
1
Tunnel
Holding Corp
Jan
•
Miller
Venezuela
63
*
prior lien
preferred A
761
>
90
Mickelberry's Food Products common.l
7%
—25
150
July
•
Co
Jan
6%
71%
6
Sep
5
Drill
Fruit
Oct
4%
July
—*
common
Libby McNeill & Llbby common
—7
Lincoln Printing Co common
*
Lindsay Light & Chemical common.—6
Liquid Carbonic common
*
Midland
Union
18%
17
16% May
23% May
28% May
23 %
Middle
Torrington
Jan
7% Jan
71%
—* f.
capital
Kellog Switchboard
Marshall
a
Feb
10
400
Jan
11%
Apr
July
Securities—
preferred
6
25
175
18%
V.'
305
12%
.*
c
13%
...
•
70
117/8
—
Co
150
13 %
9%
•
preferred
Kentucky Utilities jr
*
Pacific Mills
t
v
400
32%
13%
100
capital—..
preferred
Ken-Rad Tube
Old
class B
9%
32
"
•
Products common..—1
Co
Sep
24c
100
Steel
Jun
108% May
9%
—
i.—.
Indep Pneumatic Tool
Sep
13%
12%
Brewing Co capital......
1
Spencer Bartlett common—.25
Inland
7%
20%
Hibbard
Indiana Steel
Jan
12%
9
-
Horders
Houdaille-Hershey
70c
25
20%
-
-
Illinois Central RR common
6%
434
*
-_J—
common
common
37%
41% July
13% Oct
com
Apr
45%
104% 105%
35% Apr
36%
July
—10
common
Lakes Dr &
Great
*
common
Jun
4% May
Jan
Jun
Jan
56% July
9 % May
51%
Jan
51%
39
Jan
2%
44% Jan
2
7
Jun
30%
44
37% Jan
7%.
6
10
4%
34% Jan
0
Feb
8
4%
6%
5
—10U
New York New Hav & Hartf RR— -100
Northern
35
28%
70c
a
Nash-Kelvinator
215
45
c —1
New England Tei & Tei
520
3%
35
Y23%
_
Utilities Assoc
Mergenthaler Linotype
31%
3%
75
•
Hall
30%
5
..100
Maine Central RR common
Massachusetts
—
150
51
10
common
common—
Heileman
Lamson
100
37b
41%
42%
3%
;—•
Gillette Safety Razor common..
Apr
Gossard Co
■:;.V
General Electric
Corp
42%
3%
41%
1
common
Goldblatt Bros Inc
40
7%
27%
common—5
Transp
common
Jun
170
8%
36%
7
32%
8%
36%
Sep
11% July
32%
—
•
Stores
9
32%
1
20%
American
General Foods
99% July
Chemical Co
Montgomery
Ward
common..—*
Co
common
•
3
43%
3
42%
3
43%
3% May
50
Sep
Volume
THE
Number 4221
158
COMMERCIAL & FINANCIAL CHRONICLE
1563
OTHER STOCK EXCHANGES
Week's
Friday
Last
STOCKS—
Range
of Prices
Sale Price
Par
Low
Sales
Cleveland Stock
for Week
Range Since January I
Shares
Low
High
Exchange
Oct. 9 to Oct. 15 both inclusive,
compiled from official sales lists
High
'
Nachman
Springfilled
15%
National Cyliuaer Gas common——1
National Pressure Cooker common*
National
Standard
Northwest Airlines
34
34%
18
Oct
26%
550
Jan
38
8%
x
Jan
19%
July
Sep
16
Sep
Apr
10:!'4
350
16
Oct.
North West Utilities—
77
preferred
100
:_
21%
30
6%
21
505
9
Jan
22 % July
Jail
>
Omnibus
Corp
1'
common—6
-V'• '*
r
Peabody Coal Co
6'ih
Poor &
Co class
26%
n
8%
Jun
46 %
Jan
May
61% July
50
4%
Jan
12%
100
2
%
Jan
Jan
Rubber
Oats
Co
•
81%
83%
10%
10%
70
210
10
50
common
Goodyear Tire & Rubber
Halle
Bros
•_•
common
92
Mar
Apr
40
Jan
Packing common
Raytheon Manufacturing Co
6% preferred
Sangamo Electric Co
Sears-Roebuck
Serrick
Corp
37%
5
capital—
*2%. Jan
200
10
1%
-—100
Harbauer Co
a37%
29
Steamship
__<•
100
9
42%
42%
31
714
71/,
110
32%
32%
125
23
12
12
__
14% July
3% Apr
Jan
Jaeger Machine
•
II
III
15
Oct
Feb
42%
Oct
jan
7%
Oct
30%
Jan
35%
Feb
15
18%
Jan
25
Apr
15
July
35%
5
24
'90%
177
Sep
9%
Jan
4%
Jan
Metropolitan Paving Brick—
*»
3%
3%
3%
115
2%
Jun
9% Jan
l Jun
17%
1
14%
14%
14%
10
a7%
a7%
59%
100
14%
100
X11 %
11%
696
22%
227a
V 250
20 7
101% 101'/a
20
83 I
•
Oct
Kelly Island Lime & Tr
.♦
„
11%
Spiegel Inc.
22%
-1
2%
25
34
35%
505
_5
11%'
11%
of
Stewart Warner
Indiana
Corp
6%
2
common.^-
capital
common
2
Sundstrand Machine Tool common--—5
16%
16
16%
to
25
26%
26%
26® a
.15
31%
30%
31%
870
48 %
48%
Co
Texas
Corp
Trane
Co
capital
capitaL.^.—
capital
(The*
—_
25
„
25
common
.13
13
Transcontinental & West Air Lines—5
Union Carbide
United
U
S
U
S
Air
& Carbon
Lines
Gypsum
Steel
7%
81
81%
26%
73%
170
•
common
52%
51%
:
preferred
122% 124 %
100
4
1
common
Walgreen Co
4
——..
1%
Jun
Patterson-Sargent
.Richman
5*
—
—•
33
18% Mar
Thompson Products Inc.;
53% July
14% Sep
Warren
25% July
White Motor
86%
Jun
32% July
59%
74%
Jan
47%
Jan
112%
Jan
2 ;
59 %
Sep
July
125% July
4% May
Jan
27
27
27%
522
20%
Jan
100
41%
39%
41%
,200
267a
Jan
41%
Westinghouse Elec & Mfg common—50
95%
93%
95%
120
807s
Jan
11%
12
300
5%
Jan
12
—*
3'/«
3%
200
1%
Feb
•
8%
8® 8
200
574
Jan 7'
872
100
11%
210
23% Feb
4%
100
3 74
Jan
6%
*
69%
193
587s
Jan
707t
31%
31%
65
19%
Jan
Unlisted—
15
York
.
375
2
9% Jan
200
1% Sep
521
7
Republic
U
S
Steel
*
37% July
12
al6l/2 al7
99
a51% a52
~
»
al8
Apr
Sep
9%,
——
'?
10
al8
—
0
common
Steel
a365/e a36%
__
common———*
Mar
2%
Jan
47
■
_
20
;■
Central RR
July
34% July
.
New
Sep
•
19%
Jan
50
16%
8%
8%
al97% al9%
8%
a
Sep
21
__
II
I~
—
—
III
HI
Apr
69%
2
—
*
General Electric common
Oct
4%
;}*
2
2% May
13%
a30% a30%
50
7%
Apr
983/4 July
•
Refining
Weinberger Drug Stores
Jan
1
33%
16%
Feb
—
3%
100
13%
•
—
3%
2,215
33
*•
Van Dorn Iron Works
72
1,300
15
1%
4%
—*
—
Bros.
27% July
35% Apr
16%' Jan
•v
1%
5
*
Jan
Jan
810
527'8
•
cumulative
Utah Radio Products
14%
79%; Jan
119
73
new—
Sep
July
I Jan
8 !
Jan
15%; Jan
362
25%
20
8%
3
Refining,
I
—
38% July
42
50
*
capital
common--
Nestle LeMur class A—2.
f ; Jan
14%
100
5
capital
Transp
Co
National Tile
Oct
Jan
29 i;
90
13
20%
20
Apr
101%
Acme
22%. Jan
2,238
International
27%
Feb
Jan
7
750
Swift
Swift
July
28%'V Jan
236
:
National
1%
650
Oil
National
3 /
720
Dredge common——i.
Standard
-
7%
Standard
Jun
13 % July
10
Jun1
III
Jan
19 }•
734
3%
14%
—
20
Mar
Signode Steel Strap
Common
_____*
Sinclair Oil Corp——
*
South Bend Lathe Works capital5
Southwestern Light <te Power pfd
*
Jan
II
14'%
42%
July
.
14
*
——
15%
Jan
200
83%
3%
"3%
—1
Interlake
100
3 7 Mar
24
82%
—
common.
3%
37%
.22%
24
_*
common
& Co
class B
3%
37%
50c
com
34%
25
20
a37
__
__
Rath
.19
1~8%
__
23
1
Oct
—
10% Jan
50
19
a37%
,—.5
6%
__
1,256
20
Jun
2% May
Jan
•:
19
25
High
<
4% Feb
1,126
14
a39% a39%
*
_
General Tire & Rubber Co—
Preferred
Quaker
14
a8
13%
«
Faultless
90
a8
s.5
Manufacturing
Low
258
a,40% a40%
a40%
Range Since January 1
:'
6%
0
common
Shares
High
6%
..
1% May
33
206
8%
2
—1
,
Jdn
■
23%
720
57%
57
*
-
common
86%
Feb
70 1
20
50
i";
27%
It!
100
B
Co (The>
80
•
50
Corp
Jun
5
2%'; Feb
1,650
80
80
27%
A-—'"
com
capital-,.-Peoples Gas Lt & Coke capital.
Potter
3%
3%
100
—
RR
Cleveland Elec Ilium $4.50 pfd
Eaton
_5
Low
.50
Brewing Corp of America———3
Cliffs
4%
"
-
•
preferred
,
B
common
Pennsylvania Gas & Electric
Pennsylvania
v.
■
6%
6%
Manufacturing
for Week
of Prices
Far
Akron Brass
Sales
Range
Sale Price
8 Ve May
'
1
Week's
Last
STOCKS—
23% July
Jan
55
18%
15%
15%
11
Friday
14% May
Jan
10 :
150
17%
18
Northwest Bancorp common....
Jan
4%
50
18
*
common
15 V*
20
11
35%
20
common—
Inc
12%
Jan
9%
50
-.11
100
common.,,.
North American Car
15%
12%
15%
common
common.—
Union Tel common
Western
Wieboldt Stores
Williams
Inc
Oil-O-Matic
Wisconsin
Woodall
common
Bankshares
Industries
Wrigley (Wm Jr
Zenith
common
Radio
common.
—2
common
Co capital
>
Corp
common
.
478
■
28
July
Oct
Sep
4% Mar
Watling, tERCHEN & CO.
Members,
New York Stock
Detroit Stock
Unlisted StocksAmerican Radiator &
St San com
/V
•
9
Copper Mining
50
Topeka & Santa Fe com—100
25%
25%
59
597a
57%
58%
258
77a
304
6%
36%
965
307a
Anaconda
Atchison
9%
6%
24%
Jan
60
45 7B
Jan
56
11%
Jan
374
7
515
Jan
31%
Jun
Ford
Exchange
Chicago Stock Exchange
Apr
'
DETROIT
4
July
69
New York Curb Associate
Building
Apr
65
/
Exchange
"
Bethlehem Steel Corp
•
common
Curtiss-Wright
General
Electric
Interlake Iron
Martin
Co
L)
Nash-Kelvinator
Co
Inc
Pure Oil
Co
100
1774
200
11%
ll5/s
800
18'
6
;
Jan
Jan
Jan
-
9%
24
May
15
Jun
capital
•
17%
1874
625
10%
Jan
20
May
•
23%
24%
500
157a
Jan
30
.—_*
33%
347s
168
26 3/i
Jan
40
July
July
•
15%
1674
525
97a
Jan
1974 May
•
9%
9%
1,150
5
Jan
1274 May
•
16%
1774
240
.' 14
Jan
2074 July
capital—
America common
common
:
'
Detroit Stock
Oct. 9 to Oct. 15 both inclusive,
S. Rubber
Co common
24%
Sep
28%
Sep
Brown,
56%
57
235
46%
Jan
60'8
Sep
Borroughs Adding Machine
11
11%
195
5%
Jan
13%
43%
265
25%
Jan
46%
Sep
McLaren
Edison
Range
for Week
Low
25%
20
8
Churngold
9
Shares
5
3
General
Range Since January 1
Low
High
13
25%
15
9
20%
—^
Crank
Ball
2074
6
Jan
Sep
High
2874 July
9
N O &
T P
Oct
Cincinnati
Telephone
Cincinnati Union Stock Yards,
*
———
Jan
Feb
99
100
28
817a
Jan
99
70
84
Feb
101
Drug
304
Jun
9
Jun
72
80
9
519
72
9
9
17%
7-I;-. I
100
3%
778
60
Jan
747a July
Motors
Formica
Hoskins
Manufacturing
Houdaille-Hershey class
Prior
preferred J—
Lock &
Hurd
Kinsel
Hobart
class
Kroger
A
—
Kresge
(S
S)
Meteor
Randall
U.
S.
class
.
B
Wines
LaSalle
Masco
Jan
474
Oct
Michigan Silica common
U.
S.
7%
Jan
133/b May
307a
50
16%
Jan
35
3
1%
Jun
10
138
7%
Jun
Screw Products
40
"
——50
Preferred
Bank
Western
17a
10
3974
40
50
31
■
31%
32
473
43
32% May
241
374
180
2%
Jan
8
118
2%
Jan
56
30%
Jan
8
,
397b
7%
8
Oil
40 7s
8
3
48%
108
3
38
Motor Wheel
Packard
Jan
6
Aug
Park
58
Sep
Parke,
—.25
47%
•
47%
12
5%
5%
200
Columbia
General
137s
73
14%
45
4%
47s
47a
575
51%
50%
51 s/8
70
i*
26%
26%
26%
117
457s
46%
25
14%
*
—
Brands
Roller
13 74
10
Gas
Motors
Standard
Timken
13%
-i-—*
City Ice & Fuel.——
Bearing
*
47a July
Jan
5
882
17%
Jan
227b July
167a
200
15
Jan
17
May
87a
100
4%
Jan
9
May
43/4
640
374
Jan
63%
51%
937
44 ft
Jan
23/4
274
200
174
Jan
footnotes
see
1
page
1567.
56
1
—_____
1
—*
1
common
common
4
Mar.
8
Jun
common
—
Motor
Chemical
Davis
Car
Co
:—
*
l3/s
:
__
1%
700
1374
315
13 3/i
Oct
13%
13 3/i
325
97s
Jan
1674
Jun
87s
480
4%
Jan
11% July
8
83 c
Jan
9%
Jan
53c
56c
600
51c
Jan
83c
Apr
68c
70c
200
49c
Feb
75c
Apr
22%
227a
175
197a
Jan
23 7e
Aug
2%
27a
100
2%
Jan
47t
Apr
3%
53c
__
2 %.-.;
1%
20c.,,
__
_L
3%
100
2%
Jan
4% July
1%
20c
1%
75c
IV2
1,648
23c
1,615
200
134
76c
588
7
I
1
13
Jan
Jan
1%
62c
28
Apr
274
Jan
174 May
Peninsular Metal
1 "
5%
57s
14%
100
10%
Jan
167a
Jun
157a
200
11%
Jan
18 V4
Apr
350
Apr
3%
100
37b
27a
1%
Jan
Jan
3%
374
100
307a
—
*
Products common—1
Jun
143/4
.
4%
178 July
/
Feb
15%
578
—
5
common—......*
common
common
Jun
July
374 May
2% May
13 78
1%
30 7b
250
28
Jan
67a July
76c
Jan
5
May
37a July
32
May
1% July
178
17B
300
__2
2 7i
3
200
2%
Jan
374
Jun
River Raisin Paper common—
*
2%
23%
200
1%
Jan
37s
Jun
50
Sheller Manufacturing
1
100
2%
Jan
4
3,i
Jun
Rickel
(H W)
common
1%
Jan
4%, Jun
5%
May
Jan
Simplicity
10%
10%
2
16% July
U
Jan
15% Aug
5% Jun
Universal
Jan
44%
Jan
25
41%
common.:
common
Brewery common
Jan
S
Pattern
Radiator
Universal
1
Cooler
Cooler
class
Warner
Jan
49% July
Wayne Screw Products
Aircraft
A
B
Sep
4
__
2
1
common..
55% July
28% Sep
1
*
*
common,
1
4
2%
2%
2
2 %
400
1%
Jan
2% July
850
1 %
Jan
274
Sep
100
-
1%
Jan
3 3/i
Jun
Jan
77a
Jun
Jan
27a May
3
6%
3
672
6%
300
174
1%
1,100
1
4
330
1 %
3%
37a
68c
Ai
625
4
Aug
17s Mar
'
common——4
Jan
\ ■
For
Apr
21
42% July
8% Sep
Uhlisted—
Rolling Mill
Hone,
Products
Motor
Jan
Jan
common_______l
common—
Michigan Sugar common
Tivoli
American
Jan
3
'
.10
—
1
5,273
July
Jan
Feb
37s
5
Oct
24%
56%
■
2% Jun
10
37
55 5/8
,
——10
Printing.
100
43/8
Jan
Micromatic
33/4
——*
37c
7% May
50%
51%
2
common—
23/b
30%
—
_—
Playing Card-.,-
1
10
Sep
75
*
Rapid
Jan
Jun
37a
& Gamble,
com____
& Machin common—1
3%
45
:
Procter
——*
common
Lakey Foundry
8
4%
17a
*
—
47«
4%
—:
—1
972
10
...————-—"
——t
700
8%
:
.
—*
Manufacturing
Drug common..
Jun
-rlV7>
—12
—
B
common
Jan
11%
——?
Car
Motor
8
11%
————L__—_*
Hatfield
Jun
57a
1672
common—2%
7%
4%
10
Insulation
——10
common
Brewing common—
—1
Graham-Paige common ——1
20
I73/4
117s
*
Eagle-Picher
Apr
1574
21
__5
Goebel
McClanahan
Dow
17a
Jan
Aug
8
7%
72
*
(Dan)
common—
Jan
9 3/i
11
5
2%
99
7%
50
Cohen
23 7e July
99
50
—
30
Jan
100
3%
20
Cincinnati Street
10
17%
July
474 July
10074 Sep
_5
Cincinnati Gas & Electric preferred_100
C
10
20%
10
—._*■
—
Cincinnati
20
common
l3/e
237
4%
4%
Vacuum common
Hudson
Fibre—
common__10
900
3%
Nav
Steel
Corp
High
V
17a
12%
57a
common
Eureka
Sales
of Prices
Sale Price
Par
Champion Paper &
Low
13%
5%
Gar Wood Industries common—
Week's
Last
STOCKS—
Laundry Machin.—.
Range Since January 1
High
inclusive, compiled from official sales lists
Friday
Locomotive Works
Shaies
12%
-%
—1
Detroit
Cincinnati Stock Exchange
1%
—_*
common—
Cleveland
&
Detroit
Oct. 9 to Oct. 15 both
Low
1
common
Continental Motors
Detroit
American
of Prices
Jun
41%
10
606
Sales
for Week
Range
Sale Price
Par
27
Crowley, Milner
Baldwin
Week's
Last
STOCKS—v
Exchange
compiled from official sales lists
Friday
26%
27
———*
——
Standard Oil of New Jersey capital—25
Studebaker Corp common.:
_1
U.
"
Apr
1674 Aug
6% Jan
Standard BrandsNew
.,
972 May
39 7b July
common.
Republic Steel Corp common
>
774
17%
5
(The) common
Radio Corp of
7%
i
Corp
Pictures
Pullman
•
common..
New York Central RR
36 %
•
.
Corp common—
(Glenn
Paramount
7
1
Telephone: Randolph 5530
5
Mar
THE COMMERCIAL & FINANCIAL CHRONICLE
1564
Monday, October 18, 1943
OTHER STOCK EXCHANGES
Last
Range
Low
1
19
Jan
53%
55
68%
Jan
Jan
20%
20%
290
7%
Jan
61 %
Oct
66 % July
7%
Jan
12
Oct
35
35
200
20
Jan
50
May
50%.
51%
713
44%
Jan
37
48
Jan
41
July
34
Jan
48
Oct
'
''
1%
35c
10%
10%
33c
33c
1,000
57 %c
Jan
85c
100
4%
Jan
10 % July
100
17
381
1.05
1.05
29c
29c
1.10
29c
11%
Jun
Jan
40c
G)
Mfg
Works
Co
t
v
13
c~
Low
15%
f
355
15% May
501
127%
Jan
15%
496
11%
Jan
19% May
14%
__
5%
Pub
Prior
158%
Sep
5%
5%
50
Jan
10
7%
7%
50
6%
Jan
10%
5
77%
78%
66
67%
Jan
85% July
7% May
*
—;
—
Co
High
>
11% Mar
156%
*
common
Co
•
common—:
5%
'
6%
48
May
Apr
1%
Jan
*
43%
43%
50
16%
Jan
*
10.
39%
40%
160
33%
Jan
43
50%
52
588
44
Jan
56% July
preferred
Electric Storage Battery
General Motors.——
—
52
•
Jan
8
Jan
97Vac
1,520
9c
500
Jan
July
24% Mar
13%
45%
Sep
Sep
47c
420
35o
Jan
60c
28%
450
23 Va
Jan
30%
370
30%
Jan
Sep
May
May,
28%
—
Pennroad Corp
8%
183
4%
Jan
9% May
5%
5%
74
3%
Jan
6%
6%
225
2%
Jan
8% May
7% Jun
..I
4.40%'preferred
Philadelphia Elec Power 8%
Philadelphia Insulated Wire
Philco Corporation
5
300
3%
Jan
5%
Sep
27%
99
23%
Jan
32%
Apr
20%
21%
4,938
16%
Apr
21%
Oct
24%
26%
21 %
24%
...
4%
26%
4%
Pennsylvania RR
—60
Philadelphia Electric Co common
*
$1 preference common
—*
—
8%
—
__
25%
1,210
23%
Apr
26% Aug
25
114%
Jan
120% Aug
34% July
:•
117% 118
——100
pfd—-25
31%
112
30% May
17
19
180
14
Jan
17
Oct
22%
--
—*
19
3
■.—...
22%
225
13%
Jan
26 %
Jun
32%
Reading RR common——.
50
1st preferred —————...—50
2nd preferred
50
17 V8
17%
30
14%
Jan
32%
32%
35
26 '/a
Jan
27%
27%
30
22%
Jan
10%
17%
32%
27%
10%
1,670
2%
Jan
;
22% May
33% July
30% Mar
1.80 May
36c
47c
.
Lehigh Coal & Navigation.
•
Lehigh Valley RR—!
50 C.
National Power & Light——*
,
Sep
36 Va Aug
Salt
Oil
Dome
1
10%
——37%
Corp
Scott Paper common
Oil
Sun
35%
35%
a32%
32%
10
41%
41%
280
*
al2%
12 %
12%
55
Republic Petroleum Co common-——1
Richfield Oil Corp common.
——*
5%
5%
5%
1,213
a9%
10 Va
50
7%
Jan
3%
3%
1,375
3%
Jan
5% Mar
United
a42 %
42%
18
35 Va
Jan
46% July
23
23%
38
17 Va
Jan
27
28%
300
Jan
39%
Jan
13
10%
Oct
37%
38%
40
38%
Jan
43%
Feb
57%
58%
35
48%
Jan
63% Mar
30%
—*
22
Jan
31
United
6%
-25
25
1st preferred-—
5%%
1st preferred
V
" '
-
Corp common——*
Pacific Lighting
Puget Sound Pulp & Timber Co_
•
—
'
3%
————-1
Ryan Aeronautical Co
Tacony-Palmyra
Safeway Stores Inc
Shell
Oil Corp
Union
*
-
15
:
Aircraft
38%
-—*
Signal Oil & Gas Co class A
Sinclair Oil Corporation
i
Solar
a23
—*
Mar
32% Aug
Jan
44 % July
Tonopah Mining
Jan
11% Mar
Transit
7
2.10
Jan
Class
Jun
6%
Co
Transamerica
Corp—
Union
OH
Jan
Feb
32% Mar
26%
25 Va
26 Va
690
37%
37%
37%
528
Jun
16
Jan
28 Va
Ex-stock
distribution—
Jan
32
10
6%
Jan
20%
20%
42
19 Va
Mar
288
15%
Jan
8%
50
Jan
10
a6%
Unlisted
.
Jan
2c
Feb
10
3c
Apr
Smelting
39%
———-100
275
Gas
Devonian
11% Jun
39% Aug
IS
43% July
156% July
Feb
3%
Jan
Aviation
Corp
a3%
3%
25
3%
Jan
——.5
al6%
*
a
25
34%
100
57%
59%
17
a59 %
5
16%
a34%
5
Corp
15 %
Jan
13
;
Jun
6%
Apr
July
35% July
69
86
4%
325
2
Jan
50
15
Jan
17% May
Jan
14% July
8% July
3
July
16
12%
12%
7%
7%
—
109
—
4%
10
6%
20%
19%
■■■■■■■.;..
7%
1%
94%
4%
4%
10
6%
20%
Jan
92
30
'5%
Oct
1%
37
650
8%
7%
50c
Jan
8%
313
2%
2%
103
103
1%
6
103
Jan
8%
5%
9%
Sep
Jun
Oct
Jun
Jan
8
July
Jan
95c
Mar
1
Jan
2
July
84%
Jan
4%
825
1,300
100
36
148
50
65
16
Jan
25c
2
Jan
6%
Oct
15%
483
Jan
5%
97% July
6% Apr
Jan
4%
Oct
10
Sep
9% May
24% May
38% July
58
High
31% Jun
11% Jun
Jan
65
8%
4%
—
>L ;
10
Low
18%
25%
8
__
Westinghouse Air Brake.—...——*
Refining
27
Range Since January 1
25
12%
Pittsburgh
Pittsburgh
Pittsburgh
Reymer &
Ruud Mfg
Sales
for Week
Shares
High
16
Fireproofing
19
64% July
Feb
Co
Range
—
19% May
July
Jan
21%
Feb
Week's
6%
50c
1%
92%
4%
5 Vz
48
Oil
May
of Prices
—
Brewing common——
*
Plate Glass..——
25
Screw & Bolt Corp
*
Bros————*
L; ;
5
Standard Steel Springs
—1
20
Aviation
Jun
25
7%
National
80
Bendix
16
Aug
Supply——————10
Corp.
*
Mountain Fuel
59%
Bethlehem Steel Corp———
Feb
20 Va
8%
Jan
6
25 Va
Barnsdall
12%
50
8%
Jan
12%
238
...————10
34%
150
16
25
Lone Star Gas
31%
16%
2% May
25
2%
103
Jan
16%
Feb
15
—...—100
Jan
16%
Jun
25%
—1
Brewing—
32%
a59%
13
2%
common—*
Electric
Koppers Co preferred
24%
a25 Va
Baldwin Locomotive Works v t c
Jun
25
_—
90
Atchison. Topeka & Santa Ffe Ry—100
—L——25
.3
1%
—
Duquesne Brewing
.—5
Follansbee Steel Co——.—10
200
-——
10,230
—10
4414
Atlantic
Co.
&
25%
5%
2%
*
—
Oil
25%
a25%
Armour
Sep
2%
*
.—
Co
Columbia
6% Jan
131%
35%
Low
a44%
Corp————14
Viscose
Anaconda Copper Mining Co—
—50
& Co (111),———.——5
39%
155% 155%
Jan
Last
Fort Pitt
Co
Jan
17%
Friday
Oct
4c
50
&
155
Sale Price
STOCKS—
Sep
July
7c
1,000
9%
25
35%
May
7
3%
1,000
3c
a9%
Corp———-•
& Refining Co—*
lVa
34%
2%
May
Stocks—
American Tel & Tel
American
25
6c
3c
—
Amer Rad & Std Sani
American
6 Va
6c
Co—_—_1G
Co—10c
Co.———25c
Mining
1%
20
—
Allegheny Ludlum Steel
Gold
2% Aug
Piiisburgh Stock Exchange
Blaw-Knox
Black Mammoth Cons Mining
•jjj Jan
Oct. 9 to Oct. 15 both inclusive, compiled from official sales lists
22% Julv
Mining Stocks—
Zenda
100
35%
24% July
20%
Alaska Juneau Gold Mining
1%
—
:
Coal
Sep
20
6
1%
Sep
%
Sep
37
Inc
30% May
39% May
a20%
.•
1% July
Oct
a20
a8%
Feb
*
Corp common.
preferred—
——*
Gas Improvement—
Westmoreland
28%
80O
%
11% July
Westmoreland
30
8 Va
iV Jan
146
25
—
4% July
595
8%
812
ft
—
25% July
32% Aug
810
,
Corp
Preferred
Jan
214
1
Inc
Air Lines
Western
.25
California—
of
32%
55
%
1%
—
1common.._25
—...
Investment
Jan
35%
2
—
Trancontinental & Western Air Inc—5
21%
30%
ft
1%
1%
participating——*
A
July
31%
•
California—
of
Standard Oil
1,268
7%
31%
—*
Co_
2%
23%
32 Va
31%
Pacific
166
170
35%
preferred class B—
—25
preferred C—
—
—25
Southern Calif Gas Co 6% pfd A—25
6%
5%%
ttoucnern
11%
31Va
23%
—1
25
Co——
Southern Calif Edison Co Ltd—
22
11%
31%
—-fc.
.•
Bridge-
29
34 Va
$3
Sep
July
15%
15%
119
15%
——15
29%
29%
150
28% Aug
29%
—5
Canadian Pacific Ry Co
25
Commonwealth & Southern Corp.—
a33%
33%
75
29%
Feb
33% May
a8%
8%
50
6%
Jan
11% May
%
%
1,800
%
Jan
1% May
Boeing
Airplane
Borden
Co
Co
•
Borg-Warner Corp
14%
——
Aircraft
Vultee
Consol
Continental Oil
Crown
Co
Zellerbach
1
1314
13%
150
1%
Oct
20%
a31%
31%
10
29%
Feb
16
20
15%
Sep
a7
7
10
:
Electric
1314
_5
l
—
General
Poods
Co
*
36%
403
31%
Jan
39
July.
Mpmhppfli
41%
340
35%
Jan
41
Jun
New York Stock Exchange
St. Louis Stock Exchange
1%
1%
500
30%
80
International Tel & Tel Corp
*
*
Libby, McNeill & Libby
Montgomery Ward & Co Inc.
New
Central
York
RR
;__7
_*
*
...
North American Aviation, Inc.
North
Ohio
American
Oil
Packard
Co
—
Company
•
Car
Dodge
Jan
35
Associate Member Chicago Mercantile
16% Mar
Jan
6%
30
Jan
25
i
a7
25
5%
43%
205
36 Vs
Feb
48 Vs July
18
310
10%
Jan
20 %
10
10
110
16%
16%
250
10%
Jan
Apr
18% July
17%
100
12
Jan
21
16%
9% Jan
Corp.™
Roebuck
&
Standard
Oil
Standard Oil Co
Co
97
24
Jan
Aug /
22%
275
23
35%
340
33% Aug
16
200
12 %
•
16
9%
17
a82%
15
...—*
13
a22%
*
new—
(Indiana)
(N J)
a26%
25
34%
10
300
17
162
82%
13
a22% a22%
27
160
30
26%
26%
Apr
Si. Louis Stock
14
34 Va
343
105
(Del)
a56%
57
I
all'/a
11%
10
a3%
3%
25
1
25
...
Texas Corp (The)—.—
Gulf Sulphur Co..
....
a26%
.23
a26% a26%
a48
*
Texas
Jun
5
May
31% Apr
23% Aug
35%
Jan
July
12% May
14% Jan
20% July
59%
Jan
86
Sep
10 V4 •Jan
15
July
5
16%
Jan
29% Apr
28%
Feb
36% July
47%
Jan
60
5%
Jan
13
a37
48%
37%
2
Feb
Last
STOCKS—
•
Sep
Mav
American
Inv.
Burkart Mfg.
United Air Lines
United
Aircraft
United
Corp
Transport-....
81%
a97%
—5
Corp
5
(Del)—.:
*
United. States Rubber Co
:
United States Steel Corp—.—
Western Union Telegraph Co.
Westinghouse Elec & Mfg Co
Willys-Overland Motors Inc..
-50
a30
Dr
Pepper common.——.—
Falstaff
Brew
24%
Feb
26% Aug
40
42%
Jan
50% Aug
40
Woolworth
Company (F W)„
For footnotes
see
page
1567.
81%
275
97%
20
26
30
81%
Oct
84% Apr
18%
Jan
29
130
27%
Jan
50
Jjj
5
1%
42%
a52%
42%
160
52%
217
48
38%
TOO
a94%
40%
300
94%
94%
20
—I
a5%
5%
50
-10
a37 %
37%
219
,
Jan
39% May
2% May
45
Jan
59
35% Aug
Jan
82
2%
36
Sep
Mar
33
51%
Jan
Mar.
22
18 Va
—_*
common.....———1
Griesedieck-West
Brewing common
*
Hussmann-Llgonier common
;_*
Hydraulic Pressed Brick pfd——100
International Shoe common——*
12%
26
5%
5%
5%
22%
18 Va
12%
5Va
Sep
July
40% Oct
82
6%
1.75
3%
35%
194
28%
600
■—
;
;
15%
13%
95
11
Jan
24
117
Mar
123
Oct
103
Jan
110
Oct
—
.
Jan
Jan
Jan
20
Scruggs-V-B Inc 1st preferred
2nd preferred
Common
7% July
7% Apr
38% July
7% Apr
43
common.
—
July
Oct
43
1st preferred——..100
—100
Bolt
5
July
13
27% July
——*
common
&
5%
Jan
Jan
Jan
15%
—
13 Va
110
66
55
10 Va
12
12
24
200
Mar
15%
Jan
18
38
Jan
45% July
12 Va
8%
Jan
Jan
16% July
16 Va
11%
12
Jun
Jun
Oct
12
Oct
97%
Feb
103 Ve July
97
Feb
102%
102% 102%
100
101%.
.—5
Sterling Aluminum common—!
Wagner Electric common-.—.,
—15
123
10%
1
15
-.100
123
110
123
200
10%
33
23
101% 102%
14% 14%
4
25
45%
Feb
10%
245
6%
Jan
12
32%
33
170 ;
24% Jan
33
July
Oct
65
65
Jan
71
May
10
■■
Oct
49% July
Jan
8% Jun
40%
Louis Screw
121
7V4
17
Oct
21
6 Va
16
St. Louis Pub. Service class A com.
St
180
35%
6%
Missouri Portland Cement common—25
Candy
100
12 Vg
Jan
23
16
National Bearing Metals common—*
National
15 Va
7Va
Apr
Jan
—20
common——
McQuay-Norris
5%
9
135
26
High
Low
210
6%
36
Laclede-Christy Clay Prod common.—*
Laclede Steel
12%
26
Range Since January X
Shares
High
2% Mar
27
al%
Ilio
—*■
97%
a26
of Prices
5%
i
common
for Week
Range
Low
__*
common..
2nd preferred
Union Carbide & Carbon Corp..
Union Pacific Railroad Company- -100
gale Price
Par
official sales lists
Sales
Week's
Oct
19%
Exchange
Oct. 9 to Oct. 15 both inclusive, compiled from
July
65
34
—25
—
Superior Oil Corp
Jan
22%
_■
.
Studebaker. Corp
2%
34
.'.*
—
Co—
Company
27
160
22%
—•
Socony-Vacuum Oil Co
Southern Ry Co—.
Standard Brands Inc
a26%
3%
35%
—
693
Jun
a7
50
—
BeU Teletype SL
Exchange
New York Curb Exchange Associate
Apr
8%
Phone
CEntral 7600
Postal Long Distance
Chicago Board of Trade
Chicago Stock Exch.
Mar
18
3%
Corp of America—
&
2% May
36
43%
a7
Co
Corporation
Republic Steel
Swift
Oct
18
al7%
—
Sears,
20
325
Feb
1
30%
St., St. Louis 2, Missouri
Friday
Motor
Pullman Incorporated
Pure Oil Co
Radio
13%
31
300 North 4th
43 34
—
Pennsylvania Railroad Co.
Phelps
13%
31
a
31
1
...
Established 1922
40%
a29%
...
Edward D. Jones & Co.
36%
a41 %
*
Corp
Jan
10
1
—
7
Apr
July
15% Aug
9% Apr
18%
International Nickel Co of Canada
Kennecott Copper
St. Louis Listed and Unlisted Securities
al8%
•
Corp
Graham-Paige Motors Corp
Sep
Sep
37
al6
1
Class A
General
Sep
—5
Corp—;
(Del)——
Corp.
Curtiss-Wright Corp
.
155
Feb
16% Aug
134
13%
46c
Jan
27c
1,000
16%
16%
Jan
6%
150
May
2% May
1^ Jan
14c
500
13%
a
1
25
common
1%
35c
33c
—1
Oceanic Oil Co
7%
10%
———1
Occidental Petroleum Corp——
75c
7%
35c
1
—
Electric
26%
467
'
—1
Gas &
111
48
75 c
75c
Angeles Investment Co——10
Mfg Co
37%
46%
a37%
10c
—
156%
Range Since January 1
High
14 34
55% July
1
Co——j—
100
Shares
Sep
3%
84
110
Lockheed Aircraft Corp
Pacific
8
691
10c
Menasco
Jan
60%
Lincoln Petroleum Co——
Los
22 %
11%
7%;
"
1
Corp..—
Petroleum
Lane-Wells
19% Aug
Sep
Sep
10% May
11%
*
—
Curtis
81
6%
100
a60%
Co————1
Corp
Motor
Intercoast
& Tel—
15
for Week
24% May
2,461
'
Hupp
(E
Wheel
14:
Jan
20%
*
Car Co
Motor
Budd
Budd
Jan
16%
9%
50
Low
...•
—
Baldwin Locomotive
Jun
7%
150
78%
—1
,10
A
common
Tel
American
July
2.05
825
834
50
& Rubber Co————*
Development
Holly
Hudson
2.00 Mar
*
General Motors Corp common—
Co
Jan
75c
1,500
V'%
Par
American Stores
Sales
Range
of Prices
Oct
50c
4
Corp.———
Exeter Oil Co Ltd class A——
Cfbodyear Tire
/
Jan
a77%
:*
—*
—-1
America--—
Products
Hancock Oil
1.35
9%
._10o
——-—~—
of
13%
19%
STOCKS—
Chrysler Corp
Douglas Aircraft CD
Electrical
1.50
13
——5
Corp
Creameries
1.45
1-50
Jan
10c
Oct
5%
Jan
3%
800
1.90
19%
-\
Central Investment Corp
50c
1.80.
n—*
Consolidated Steel Corp
Preferred
43c
1,700
9.200
1.80
Broadway Department Store Inc
Byron Jackson Co
Chrysler
5 %
50c
Chica Oil common
Bolsa
5
4% May
1.80 Feb
525
Corp——
Diamond
Blue
2%
.—1
Company—
Consolidated.
Barnhart-Morrow
High
2%
—
Week's
.Last
Sale Price
%
,
Range Since January 1
Low
High
Shares
5
50c
Friday
\
for Week
of Prices
Par
inclusive, compiled from official sales lists
Sales
Week's
Sale Price
STOCKS"
Petroleum
Oct. 9 to Oct. 15 both
both inclusive, compiled from official sales lists
Friday
Bandini
Philadelphia Slock Exchange
Angeles Slock Exchange
Los
Oct. 9 to Oct. 15
Jun
BONDS—
St Louis
Pub Serv 25-yr conv inc.1964
►.ooo
53
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4221
^Volume 158
CANADIAN
LISTED
MARKETS
iontreal Stock Exchange
V.,
Friday
Last
STOCKS—
7
Sale Price
;
,
Agnew-Surpass
Algoma
Shoe
Steel
Preferred
Aluminum
of
88
*
105 Ms
101.%
Canada pfd
———** '
.
165
•
common
24%
—
^82
107
.
Sep
May
103% Feb
25% July
21
Sep
Jan
Sep
100% Feb
21% Jan
15
Jan
133
229
12% Mar
141
Jan
14% Jan.
15% Feb
158% Sep
28% Sep
70
110
25
20%
150
13%
13%
740
.
7%
preferred
13%
156
154% 156
British Columbia Power Class A...
Class B
•
Bruck Silk Mills—
*
Canada Cement
Forgings
Canada
Northern
class
A
common
—
Jan
20
-
150
11%; 12
11%
50
35%
5%
30
5%
Apr
1,715
14% May
Jan
Jan
9
31%
2,425
35%
Feb
20
100
9
38
May
Breweries
*
common
5%
Canadian Bronze
•
common—*
Preferred
•
Celanese common..
Canadian Converters
Canadian
32
107
.
107
8%
__
25
Canadian
41%
32
100
;
Canadian Car & Foundry common
New Preferred
5%
41%
Preferred
32%
150
107
306
12
9
6% Oct
1.45 Jan
27% Jan
32
Feb
15
34
108
Jan
7%
695
Sep
Feb
42
Jan
Jun
12
July
22
22%
24
24
Packers
Canada
&
Canada
Malting
Northern
Dominion
Wire
Canadian
Locomotive
Canadian Pacific
Cockshutt
*
Railway—
Claude
Vickers Ltd
Neon
Commercial
Preferred
Consolidated
Textile
Engineering
30
55
17%
Jan
33
May
Dominion
Oilcloth
55
3%
Jan
20
20
10%
10%
Jan
12
50
26
Electrolux
Enamel
Dominion
60
41%
327
37%
Jan
280
27% Mar
29
Fleet
Ford
Gatineau
July
Foreign Power Sec Corp
13
—
Jan
31% July
215
13
24%
11%
Jan
16%
8% Jan
8%
9%
125
6
Mar
75
Oct
11
Jun
9.% July
75
75
75
90
•
8
8
8
510
5%
Feb
8%
8%
8%
155
5%
Jan
10
July
5%
5%
25
3
Jan
7
Jun
9
5%
Canadian Corp
*
90
90
25
12%
13
500
__
13
81
Mar
of
Smith
Paper
Ltd
Preferred
Imperial
Oil Ltd
Imperial Tobacco of Can
Preferred
common
...
4% Jan
8
Aug
75
5
7%
Jun
Jan
85
25
SO
Oct
14%
14%
561
12
Jan
107
32%
107
45
32%
12
4%
98%
.
27
2,126
12%
Jan
8.90
485
16%. 16%
107
Jan
17% July
10% Mar
6%
100
7
100
13
12%
Jan
22%
Jan
Jan
7V4 May22%
Oct
33%
34%
,607
33
Jan
39% Mar
22%
*
22%
22%
635
17
Jan
24,
13
__
13
July
105
6
Jan
15
15
108% 108%
..
•
23%
23%
25
Lang ,& Sons Ltd (John A)
*
14%
14%
...3
13%
13%
14%
13%
*
8%
8%
6%
N
C
*
8%
"
•
Candy
98
Jan
110
420
19
Jan
26%
Jun
75
14
Jan
16
Aug
Oct
Jun
Jan
McColi-Frontenac
Mitchell
Oil
(Robert)
8%
18%
——100
Mont
Light Heat & Power Cons
Montreal Tramways
20%
20%
•
100
24
—
Murphy Paint Co common..——.*
National
Breweries
National
New
Steel
Corp
Niagara Wire Weaving
Ottawa
L
H
Penmans
Power
Ltd
Corp
Bros
A
12
100;.':
583
58
180
15
15
10
22
27%
Feb
33 %
Apr
12 % July
Jan
36
38
'■
Jan
62
Sep
% Aug
14%
Oct
15
Sep
Jun
50
15
Feb
18
775
40
Jan
52
•
22
22
23
350
22
Oct
25%
common—100
8
8
Ltd
*
53
53
175
6%
Jan
190
43%
Aug
L
Feb
53
7%
8
275
6
Jan
17%
18
845
9J/4
Jan
82
82
82
260
62
Jan
83
Thrift
Ltd
Stores
6%%
•
common..
Flour
14
14%
280
14
Jan
16
1st
Mills
common—,.*
100
•
common.*
...100
...
Canada
Steel
of
$1
Steel
Viau Biscuit
Wabasso
Wils'ils
Power..
,
4
3%
900
14%
15
135
31%
31%
32
43%
43%
44
Canada:common——
15%
14%
16%
—
15
15
—
*
—
Jun
'Jan
10%
Jun
3%
Jan
400
—
7c
Apr
2% May
3%
6%
6
225
6
Feb
5
5
5%
5,401
3
Jan
75c
75c
80c
65c
30
30
*
500
Jan
1.30
36%
Apr
Aug
29
29
29%
420
24%
Jan
30
11%
12%
200
9%
Jan
15%
6%
6 %
6%
575
3% Mar
;;3—'
3-:
Jun
Apr
6% July
11%
:
Apr
July
22% Mar
30
.
7%
15c
300
July
Sep
7% Aug
2%
Jan
4%
Jun
4
335
3%
Jan
6%
Jun
24%
24%
260
19%
Jan
24%
Oct
__
4.
4
30c
30c
30c
25
25c
18
18
18
30
12%
Jan
12%
Jan
July
July
20% July
Apr
75%
Oct
Jan
3%
Jun
17%
960
75%
6
3
25
13
14%
525
25c
'
18%
75%
3
:;
25c
600
*
14%
*
16
16
16
'
Mar
65
2 %
3%
60c
20 ;.
14%
Oct
Jaa
75c
Jun
10
105
Jan
15c
Jan
18%
45% Mar
Sep
July
July
7
July
48% Sep
97
18%
160
15%
Jan
20
20
20%
720
14%
Jan
—22
6%
6%
50
5%
Feb
*
48
48
50
1st pfd.100
96%
20%
96%
130
87
Jan
50
43
43
10
40
Mar
*
6%
7%
7%
10
pfd.100
cum
105
105
46
—*
9%
9%
9%
23
23
1.75
1.75
25
59
59
25
20%
20%
75
Worts common.*
preferred...
102
25
*
5% Mar
25
25
Limited
Malartic
Canadian
East
Malartic
Eldorado
Francoeur
*
Mines
Jan
2%
July
July
Aug
105 % May
45
8
Jan
10
Aug
Jan
25
Jan
2
July
May
47%
Jan
63
Oct
19%
Jan
21% Aug
17
1.25
—
_*
60
60
100
.1
1.50
1.51
200
1
1.18
1.18
900
80c
Jan
Ltd
*
31c
33c
1,500
21c
Jan
Ltd—
.1
3c
3%c
1,600
Ltd.——1
9.00
9.00
25
4.90
Jan
Ltd
Mines Ltd
Gold
Joliet-Quebec
Gold
Mines
Gold
Mines
Mines
Kerr Addison Gold Mines
Kirkiand
Gold
Rand
Kirkland
Lake
Gold
MacLeod
Coekshutt
6c
Aug
10 %
Sep
July
.1
6c
6C
100
3%c.
Apr
8c
78c
78C
500
78c
Oct
78c
Oct
2.02
2.02
200
1.67
Jan
2.24
Sep
Mines
_1
1.22
1.22
200
1.22
Oct
1.30
2,19
2.19
2.19
400
1.50 May
2.21
Oct
__
1.02
1.02
50
1.16
Sep
1
1.00
1.05
*
1.13
1.13
1.000
60c
Jan
1
6c
6c
500
3c
Jan
85c
85c
300
82c
July
3c
3c
600
2%c May
Mining Co
Canada
Ltd
*
Ltd
Corp
*
Mines Ltd———
Porcupine
Cadallic
Mines
Gold
Ltd
Mines
Ltd
Perron Gold Mines Ltd
Gold Mining
Gold
Feb
Sep
Sep
—
Gold
Sullivan
2%c
68c
1.80
1.60 Aug
34c
Aug
Ltd__l
Mining
Shawkey
Feb
Mines
O'Brien
Pandora
Mar
1.13
Gold
of
Corp
Normetal
40c
Lake Gold
Red
McKenzie
...
Ltd—
Ltd
Mines
1.00
Ltd'
Mines
Cons
—1
;;
85c
—1
Co Ltd.
1
Wright Hargreaves Mines Ltd
50c
1.44
1.45
35.284
3.30
3.30
140
*
Jan
62 %c May
1.12
Sep
Sep
1.22 Aug
6c
Aug
1.04
4c
a
Jan
Feb
■
51c
52c
78c
1,800
'
1.44
4.500
38c
:
Jan
68c
Jan
2.60
60c
1.45
July
Oct
Jan
4.00 Apr
Jan
76c
Oct
2.59
Oct
Oils-
Anglo-Canadian Oil Co Ltd..
—*
Corp Ltd——*
500
50c
76c
76c
2.59
2.59
600
1.43 Mar
3.75
3.85
1,400
2.66 Jan
Royalite Oil Company Limited———23%
23%
200
Calgary
Edmonten
Si
Oil
Home
Co
Ltd...—
——»
Sep
1.75 Jan
—1
—
Toronto Stock
Canadian
|
125% 125%
Feb —
24
Feb
35
75
32%
Feb
47
STOCKS—
4,056
120
30
11
305
67
75
•
1.
Corp
—'
*
common
21%
Jan
4.00 July
26
Apr
Exchange
Funds
75
14%
Oct
19%
13% Mar
114
..
July
Jun
16% July
Feb
127
__
6%
common—
—100
—
56
Sep
Ajax
preferred
Oil
Alberta
&
Pac
...
Preferred
*
11%
Jun
Algoma
83
59%
Jan
72
Apr
Aluminium
42
66%
Jan
76
2,580
Jan
13 %c
Jan
High
4% July
33
1.60
July
900
14C
1.560
9c
Jan
17c
Jun
—*
15c
16c
20,100
9c
Jan
21c
Aug
preferred—100
88
88
35
81'
90
Aug
106 106%
187
104
101% 101%
150
100%
Jun
302% Feb
75c 7814c
6,800
47c
Jan
84 %c
i
Ltd
Co.
*
common
of
Canada
5%
pfd._100
Jan
6
Apr
Anglo Canadian Oil
6%
Sep
May
Anglo.-Huronian Ltd
—r—
Aquarius Porcupine Gold Mines
56
56
30
47
17%
17%
75
6%
2,550
17% Aug
2% Jan
251
21
Jan
58
Jun
„
..
July
.
;
8% July
63 % July
Arjon
Gold
Armistice
17%
250
13
Jan
18
July
26%
25
24
Jan
27
Aug
Aunor
133
6
128
Mar
137
137
30
129
Jan
75c
133
144
Sep
Bank
of
Aug
Bank
of
Bank
Montreal
100
157
157
158
9
147
Jan
Nova Scotia
100
250
250
250
35
*>23
Jan
254% Ma"
100
141
141
141
2
132
Jan
150
160
Mar
Base
of
6.50
6.30
6.50
1,550
*
53c
50c
53c
6,200
3.00
20c
May
Sep
Jan
Feb
133% Mar
6.50
Jun
Sep
68c
July
Au«r
Mines
33c
July
25c
25c
128,600
18c
35c
60c
727,400
35c
July
60c
—
4%c
4%c
4%c
500
3c
May
5%c July
1
Ltd
1
1
Consolidated
Mines
Scotia
:—
Toronto...
&
lie
8c
lie
93,675
3.20
3.10
3.30
1,760
13cl3%e
1,325
—
12%c
12%c
14c
5,600
2%c
Jan
1.35
Jan
8%c Jan
4c
May
14c
Oct
Sep
3.50
Sep
19 %c
July
July
15c
159
160
14
150
Aug
161
Jun
250
244
250
40
227
Jan
259
Mar
252
252
28
234
Feb
255
Aug
•'
Paper
Exploration, &
159%
100
-.100
Mining
Power
1
21c
100
Montreal
Nova
Oct
.1
53c
;
Mines
Metals
Bathurst
Bear
!
Mines
Mining
Quebec Mines
Gold
Bankfield
133
101%
*
Gold
Gold
17%
137
—
19% Mar
Astoria
133
Jan
5
1.40
Feb
100
1567.
30%
Low
70c
1.38
4%
58
Ranee Since January 1
1,000
13 %C
3
100
page
31
1
———~1
50
Commerce
see
:
—
360
Canadienne
For footnotes
100
29
Oils.—
Cons
4%
Bagamac
Canada
2%
Shares
High
2%
Sales
for Week
Apr
Banks—
of
Low
•
common
...
Gas Co
Copper
Steel Corp
10% Mar
26%
17%
.25
Paper
Aldermac
Ashley
common
&
Power
5%
6%
Range
Par
Abitlbi
4%
56
Week's
of Prices
Sep
5%
—
'
Ltd
Sale Price
18% July
75
67
75
Friday
Last
11%
11
67
25
Cotton
Royal Bank
10
Oct
1.15
350
10c
2%
19%
Jan
2
175
;
Aug
Mines-
July
3
14%
11
...
..--
Winnipeg Electric
Preferred
Zellers
6%
*
common
Brewery
cumulative
Aluminum
United
6%
2%
6
100
preferred.—
Jun
__
__50 —
Paper preferred
Southern
Co.
6%
10c
*
A
Co
Walker-Gooderham &
6%
Preferred
6
Oct
15
50c
Oct. 9 to Oct. 15 both inclusive, compiled from official sales lists
Williams of Canada
Preferred
50
6%
July
14%
•
Shawlnigan Water & Power
Sherwin
124
50c
preferred.. 10
10% July
19% July
__
.....—100
19%
50c
Oct
8% May
17%
•
55
Feb
7%
common
A
pfd
of Canada 6 %
pfd—
Transport
Southern Canada Pow
Siscoe
Apt
11
16%
8%
Jun
26
..
51%
common...
Corp
Lawrence
145
Oct
Sep
16%
preferred
Lawrence
25
19%
July
9% July
19
50%
Quebec Power
Class
Oct
16%
5%,preferred
Lawrence
Jan
—58
Canada.....
Co
6%
18%
9
51
common..
of
&
175
18%—.
125
21%
22,056
*
...
Pr
&
10
•
Noranda Mines Ltd
Ogilvie Flour Mills
13%
Jan
34%
•
.
Jan
5%
12
34%
*
Car
common
9%
■
34
*
common
100
940
9
Ltd
part 2nd
Provincial
Pamour
Laura.Secord
Sep
—*
Corporation Ltd
Mining
Lake of the Woods common
Massey-Harris
Feb
53
Oct
32% Aug
33%
100
160
Mar
18%
5%
Ltd
Aug
171%
2
May
16% July.
Jan
6%
Jun
12% Aug
■*' 93
Feb
12
963
8
Jan
22%
__
22%
*
Preferred
75
225
16%
International Nickel of Canada com..*
International Petroleum Co Ltd
•
International Power
109% Aug
7%
6%
..
£1
.....
Jan
11%
5
common
common
Sep
90
32%
•
...
Industrial: Acceptance
Sep
14%
14%
.*
...
Power Corp
94
Jan
11%
...100
....
Bay Mining......
Jan
8
Jun
10 %
169
10
18%
Corp
Ltd
19
Jan
2%
100
(Can)
Distilleries
Apr
_*
Lake St John Power & Paper...
Power & Paper Co
Moore
90
Ltd....
MacLaren
Co
8%
148
55
•
pfd
Utilities
Massey-Harris
11% July
94
6%
Paints
15 % Mar
80
171% 171%
1
79
28
A
Class: B
25% Aug
7
6%
6%
*
15
375
164
19%
•
—5.00
Ltd
Ltd.—...
J
A
International
Jan
7%
90
5
common—
18
10%
163
55
___———
Freiman
Walkerville
———..100
18
10%
*
Canada
Companies,
Voting trust
Mar
21
7%
—
>
Sep
July
8% July
7
— ■'
•
Bridge
109% 109%
—
———*
common..
Hollinger Gold Mines...
Holt, Renfrew preferred
Hudson
35
___•
common—
Gypsum. Lime & Alabastine
Howard
25
9
—100
Gurd .(Charles)
Hamilton
25
9
100
....
Wares
Preferred
25
*
preferred
General Steel
110
July
—*
common
Jun
•
Aircraft Ltd
Motor
Melchers
Famous Players
107
20
Paper Co Ltd.
Jun
746
25%
345
Prod———
5
22% Aug
___*
preferred
July
1
Heating
Oct
101
18
Jun
46
29
25
Ltd
Linoleum
Woollens
13%
9% Jan
12%
41%
12%
&
Works
Pairchild Aircraft Limited.
28%
8%
Corp
<Sc
44
Jun
•
Ltd
12% May
7% Feb
4,676
8%
:
Jan
91
:.
*
Corp
Dominion
*
common
36%
20
♦
Cub Aircraft Corp Ltd
International
Dry den Paper
17% Mar
100
22
Oct
25
common
455
...5.00
Paper
July
108 % 108 %
*
Ltd
common
—
Sep
..
25
Adv
26
44
pfd. *
common.
General
Alcohols Ltd
22% July
17 % Mar
101
pfd—100
Canadian Power & Paper Inv 5%
17% Jan
15
44
pfd—100
5%
Sep
425
-
22
Canadian Light & Power Company_.100
Canadian Power & Paper Inv com...*
Fraser
*
Dominion Steel As Coal B
Dominion
Tr
8
101
_'l.
—.100:__
Inv
11% July
I"
100
—
Feb
*
22
*
pfd
6%%
27%
29
*
Dominion Bridge
Dominion Coal preferred..,
Dominion Tar & Chemical
Cable
39%
41%
.5
;
&
Oct
—
Mining & Smelting
Glass —..
•
...
7%
Jan
10%
Plow
Consolidated
Consumers
*
Sugar Co
Pr
25%
__
——.25
Ltd
Ltd..
Co
Inter
Donnacona
Canadian
July
22%
27
Jun
4
Jan
70
5%
2%
Feb
25%
5%
152
9%
38
5%
July
Sep
5%
25%
5 %
62
3,177
30
_*
Feb
—20
38
100
12%
3
25%
615
25
8
38
•
Ind Alcohol Class B
42
32%
11%
Canadian
Canadian
Jan
3
Columbia
4ye July
5%
7%
Sep
106% Aug
26% Jury
12
July
Jan
92
9
21
8"%
4% Jan
1,130
High
Jan
770
11%
Canada
Sep
59
65c
7%
17
5% Jan
13
Mar
59
:
31
'
„
Canadian Dredge & Dock Co Ltd
*
Canadian General Investments Ltd..*
Canadian Industries Ltd class B:
*
July
'5% May
9
Jun
28%
Low
1.500
11%
Corp
29
Jan
2
130
8%
9
•
...
800
104% 106
*
Steamship
preferred
470
17
8
105
*
Power_
Canada
5%
8%
—100
.
3%
8%
8
17
23%
495
100
2%
Range Since January 1
High
Ltu-*
Power
7% preferred
•
common
-Preferred
Canada
8
—
2614
27
3%
__
«
Building Products class A
26
26
*
.—.
25%
29%
Shares
Brewers & Dist of Vancouver Ltd..5.00
British American Oil Co Ltd
*
Beauharnois
Canada
26
...100
...
for Week
2%
2%
Bathurst Pwr & Paper Co Ltd "B"-..*
British
Bathurst Power & Paper class A
•
Bell. Telephone Co of Canada——100
Brazilian T L & P
•
—...
Sales
Range
Low
..*
90
104
20%
__
July
2,278
101 Ms 101%
_
v'f
t
of Prices
Par
Abltibi Power & Paper common
6% preferred ...—......
Feb
11
8% Feb
425
105% 106
50
common
Corp
88
88
10%
14
Jan..
11%
50
13
-.,v.
Week's
Sale Price
High
Low
•.
.
Funds
Last
STOCKS—
Range Since January 1
Shares
High
10
10%
A
•
.
Friday
Sales
for Week
"
13
—
—100
—
Ltd
Associated Breweries
St.
;
Canadian
Week's
Range
Low
*
common
Co
Asbestos
*
common—-
—
Aluminium
St
'•
Oct. 9 to Oct. 15 both
inclusive, compiled from official sales lists
official sales lists
of Prices
Par
St
Iontreal Curb iarket
-
■
Canadian Funds
Oct. 9 to Oct. 15 both inclusive, compiled from
Price
1565
Class
Radium
__
—
A——
1
38c
12%c
13c
2,000
13 %
15
37c39%c
23,600
13%
8%c
12
10c
Apr
Mar
Jan
17%c July
15
49 %c
July
Jun
a'.-;:-
,
THE COMMERCIAL & FINANCIAL CHRONICLE
...A/
Monday, October 18, 1943
CANADIAN LISTED MARKETS
Last
of Prices
Par
Beatty
class
Bros
Class
155
__
Ltd
British
Columbia
Class
9c
6%
Jan
Mar
Jan
Aug
Imperial Bank of Canada—„___
Jan
Aug
160
4%
Feb
Imperial Oil
,
Imperial Tobacco ordinary—.;
8
8%
Oct
i
■
12c
Mar
Jan
24c
Aug
Imperial Varnish & Color
10% c
11c
740
7.40
Jan
11%
Sep
25%
1,591
14%
Jan
28%
Jun
Inspiration Mining & ^Develop—_____l
59c
International-Metal c6mmon A——16%
22
23%
50
17%
Apr
26
July
•
Buffalo
Ankerite
Mines-
•
Buffalo
Canadian
Mines—
70c
*
Gold
Gold
27 %
233
23%
Feb
29
July
International
Nickel
75
2%
Jan
5 % May
International
Petroleum—
35,275
19%c
752
17%
Jan
Jun"
22 %
Co
66c
68c
3,700
14,000
Jan
46c
75c
Mar
73 %c
Jan
13c
9c
3.05
3.25
1,500
1.60
Jan
4.00
6%c
8c
8,500
3%c
Jan
9%c
16%
16%
17
265
3c
.
1,000
3c
3c
10
10
2.35
2.20
2.60
*
4%c
13
Mar
,,
Jack
Sep
17
Jason
Sep
355
9%
Feb
1.15
Jan
2.60
Sep
-
_«>.
Calmont Oils Ltd
_1
Mines
Bread
1
Co
Ltd
109 y4
,
common-
Preferred
Canada Malting Co—
Canada
Northern
Packers
Canada
Permanent
Canada
Steamship
Preferred
_*
Canadian
Bank
Canadian
Breweries
&
Cable
A._
1st
Conv
Canadian Car &
New
F'dry Co Ltd
Canadian
Dredge
Canadian
Locomotive
Malartic
Oil
Canadian
Co
Cariboo
Gold
5%
146
10
Sep
150
Jun
H3A
12
745
8%
Jan
14%
34%
35%
46
31%
Jan
38
67
68
50
59
Jan
68
61
129
Jan
142%
5%
41%
6'
24%
•
12%
12%
13
200
10'A
Jan
14
*
8%
8%
100
60
25%
Sep
27%
27%
Jan
38 %
Oct
150
18
17
17
5'A
20%
20%
62c
_°
"
19
19
10%
10%
"B''——
13
13
20
__________1
1.35
100
19
20
1.36
20
1.19
Mines
____—1
5
—1
______
Mines
Coniagas
Mines
Consolidated
Mining
Consumers Gas
Cub
Nest
Pass
Aircraft
16%
Apr
Denison
Nickel
Jan
75c
Dominion
27c
Dominion Foundries
20c
Jan
3
Mclntyre
McKenzie
765
37%
24%
Oct
1.35 July
1.75 Sep
14c
Aug
5
Aug
47c
May
2.14
80c
Mar
27c
Dominion Steel
Feb
Dominion
46 %
Jan
135%
Feb
July
Sep
25
38
25
100
50c
May
1,500
10c
Jan
24c
July
50c
Feb
85c
Preferred
3c
July
80c
33
100
Jan
1.25
July
500
3%c
3'Ac
34
34%
60
25%
Jan
36
26%
26%
275
18%
Jan
29% Aug
165
165
3
142 %
25%
290
1.00
20
31
31
10
—__2o
8%
East
Crest
Eastern
Muirheads
Cafeterias;
Eldorado
Gold
National
Grocers
1.00
Apr
July
167
Jan
20%
22
4%c
Jun
30
Oct
Jan
Nordon
Farmer
Fanny
Northern
Federal
Fleet
Ford
Kirkland
Co of
Gatineau
5'rb
July
July
1.00
Padalta Oils
Co
class
Gillies
Steel
Lake
Glenora
Gold
Lake
Gold
Belt
Gold
Eagle
Golden
150-
2%
Jan
8%
Jan
Jun
Sep
July
14% July
Gold
Pioneer
v
t
Power
Mines
&
10
Ltd
Mines
United
Co
5
4%c
4'Ac
5%c
4,200
2'Ac
Jan
4
3%
4
150
3%
Jan
■
__
Riverside
7%c Aug
6%
Jun
24%
Oct
1,138
19%
2.900
18c
May
39 %c Sen
40
8
Mar
Ltd
Gold.
480
27
.
182
25c
430
58%
10
53c
4.500
50
Jan
Jun
190
Mar
Jan
6
.
,
49
Mar
44%
30
38
%
Sep
Sep
1.75 July
9% July
•
Jan
35c
•
Feb
1.60
200
51%
916
1.05
40
62% Aug
•
A': 67c
Sep
1.95 Sep
52% Aug
Apr
Jan
5,723
74c
May
55c
15,010
20c
Apr
1.50
1.50
1,000
1.60
1.75
850
4%
50
1.00
1.09
1.000
ii
3'Ac
Jan
1.08
Oct
1.00
.
8%c
Feb
1.16
Sep
57c
2.00
Apr
:
Oct
Jun
2.00
5
3% May
Sep
Sep
Mines
Mar:
78c
14,600
38c
Jan
78c
Oct
48C
15,552
Jan
64c
Sep
4%c
5 V2C
15,000
40c
51c
3,800
?"101
102
70
1.12
1.19
2,410
40c
102.
1.19
6c
A- -'
6c
29c
1
6C
500
3'Ac
3 Ac
2.000
28 %C
29c
4,600
83c
1,200
V '■
^
—1 U
Mines
61c
72c
44C
4%C.
1
...
1.13
18,500
74c
44c
1
Gold
83c
83c
8%
3%
/
9c
Sep
22c
Jan
88 %
Jan
57c
Jan
3c.
1.28
Jun
2C
51c
103
May
6%c
4%C
17 %C May
74c
39c
Jun
1.05
Sep
Feb
Oct
Aug
Sep
Sep
Feb
Aug
Jan
1
1.88
1.88
1.90
3,525
1.28 May
2.10
Sep
1
2.35
2.30
2.36
1,100
1.25
Jan
2.85
Sep
_1
1.24
1.19
1.26
20,400
52c
Apr
1.27
1.11
C
1.14
1,800
50c
Jan
8
8
10
6
Jan
1.10
2,600
50c
Jan
4
Jan
__
.
1
—
1.06
1.06
7%
7%
10
2.20
2.10
2.20
6,875
52c
$
1
Mines
92
15
77
Jan
100
15
85
May
101
60
Gold
51 %c
52c
Mines——
Silk
1,665,
3%c
6c
1,600
140
145
52
23%
Bank
23%
6c
24
370
19
20
50
2%
2%
Long Lac Gold Mines.
Royal
3%c
23%
Mills_^
Roche
of
Canada—;
Royalite
98
*
13
8
Feb
5'Ac
1,500
3c
Jan
3 %c
12,700
lc
May
16c 17 %c
19,400
12 %C
Jan
21c
21c
4,500
12c
Jun
3c
3 %c
5,000
2c
July
11'Ac 12 %c
'■
21,295
3c
Jan
14%
9c
4%c
Aug
Sep
Sep
July
Jun
29 %c Mar
21c
Oct
Russell
Oil
j
St.
Industries
Class
San
1.72
1.24
li
1.15
9
Jan
31c
2.50
2c
59c
Jan
500
85
May
22
Sep
Sep
July
Sep
July
Sep
Sep
9%c Apr
25
Jan
3%c
Apr
Julv
9c July
150% Aug
26% July
132 % May
21%
Jan
15^
Jan
Senator Rouyn,
22
Jan
3% July
18% July
15C
Aug
Jan
95
July
Sherritt-Gordon
Jan
58
July
Simpsons
5%
6'/8
450
21
20
21
186
6%
5%
6%
3,715
.
—
20%
15c
7
6% July
23
July
6% July
21
330
6%
'
Oil—
1.86
4,500
2%c
46c
53c
31,300
18c
Mar
Jan
4.00
62 %C
17
190
3c
3 %c
2,500
2c
95C
95c
1,100
85c
Sep
2.385
67c
Jan
Jun
4c
May
Sep
19%
16% Mar
15%
Sep
9%c Jun
Jan
Mar
6%
200
3%
Jan
34%
34%
25
26%
Jan
35
500
ll%c
Jan
24c
Gold
—50c
Feb
Class
Mines
1
86c
Preferred
Gold
Siscoe
Sladen
86c
87c
12
11%
12
75
3%
103%
104
90
86%
a
B...
Mines
Malartic
■
,
■
_
104
Jan
50c
51c
2,140
39c
Mar
49C
—1
1.04 July
13%
Jan
50c
Mines
1.05 Mar,
49C
52c
5.700
29c
Jan
2c
2c
5 'A C
6c
Oct
Oct
60c
July
60 %c
Sep
May
15c
Mines
103'A
Ltd
15c
6%
.
16% May
23
6%
Slave
Lake
South
End
Aug
South
West
July
Oct
Gold
Mines
___
7
455
Jun
Standard
Paving
18c
22c
54.150
3c
Apr
22c
Oct
Standard
4'/«c
49,000
3%c
Sep
7%c
Jun
Steel
3.65
3.65
3.65
5
100
Jan
2.50 Jan
7%
3.75
Sep
Co of
preferred.—
•
•
....
j'
' •'
9%
„
*
Canada
•
common
—J—
Preferred
-
27c
(f
Radio
3%C
.'v
5'AC
\ if
Petroleum.
•
21c
1
*
Petroleum1 Co
3%c
*
1567,
2,451
5c
Sheep Creek Gold
62
20%
15
3.55
5c
Shawinigan Water & Power.
Shawkey Gold Mining—
51%
July
12
15
3.40
Aug
4 %C AUg
75
3
100
1%
Ltd.
Mines
Ltd—^
36
Feb
25
Mining—,_.
Gold
Gold
55
14%
common
_L_
River
85%
May
Ltd
A
Antonio
Sand
55
3
common...
Lawrence Corp
85
_•
1
Oct
Sep
May
11% July
Jan
3c
__.
1
page
Reno
Sep
55
'■■■■
-
25
—
.
-
5
67
67% •;
5.500
16,000
■
27c,
9»A
5%.
67%
500
1
*
25
200
3%C Aug
l%c Mar
3'Ac
Jan
8c
Jun
20c
Jun
55c
July
7
10
Jan
59%
66
Oct
5% Aug
4 % Mar
70
Jan
73
Jan
76%
Apr
"
75
76
45
2.45
2.60
24.205
16c
19c
2,000
4'AC
4 'Ac
500
Apr
■
—
—
6%
6%
150
2.00
2.00
118
100
50
100
4%
4%
1
Jan
20 Mar
85
Jan
25c
15c
4%
190
90c
95c
22,900
4 % c
95c
j
see
Jun
9
13
12'Ac
Highwood-Scarcee Oils Ltd—
~~~*
Hollinger Consolidated Gold Mines—5
footnotes
40c
Jan
20
Sep
2.25
Oct
4.80
33c
5'Ac
*
Mines
Hasaga Mines
For
28c
225
Jan
4%
Queenston Gold Mines.
10
30
24%
98
13
3c
•
Uarker Gold
Home
Jan
Mar
.92
100
Gold
9% Julv
Jan
Sep
9
16 %c
common.A
Carpets
Rock
Jan
4%
3.10
21
8
1.64 Aug
24%
3c
1
Ltd—
Preferred
Hard
Feb
:
1.08
...1
1
Theatres
Mines
Dome
__i
—
Hamilton Bridge
Harding
Jan
Apr
150
1
Alabastir.e
Halcrow Swayze Mines
Hallnor
3%
80c
1.310
common——
Halliwell Gold Mines—
Hamilton
Aug
1.65
*
Mining Co..
East
10
50
Lime
24c
6'Ac
1.05
Metals
Preston
4.10
____*
__j
Gold
Gypsum
Sep
Jan
1.22
2,503
-
v9%
t't
Pressed
29%
_♦
Preferred
Gunnar
8c
lie
'
5c
Apr
52C
1
Corp
5%
c
Saddlery
July
May
1.03
jV-'V".
___
_
Rouyn Gold—'.
Voting trust
:
Sep
4.05
•
West
Sep
.
Powell
July
29%
v t c
Common
Great
1.52
'
Mines—2
1.82
30
50
Preferred
1.40
5c
6%c
'•.
0
Gold
21 %c
11,750
i
;
Preferred
v'(
Gold Mines of B
Feb
7%
•
;
com
1 %c
53c
—
Malartic
Jan
1.28
l
Paper
Sep
1.05
1
Cadillac
1.09
7%
Goodyear Tire & Rubber of Can com__*
Preferred
58
122
1.60
«
Pandora
4'Ac
1.18
•
Mines
Great Lakes
Oct
Feb
Jan
•'..4
50%
5
Ltd
13,600
1.26
100
:_.
Mining
104
110
51c
50%
*
Mines.—
27.900
1.46
1
Ltd
1.65
July
9% July
Jan
83 c
2,520
48%
22
Jan
47
6.500
21%
190
.
58%
53C
*
Paymaster Cons Mines Ltd
8
29%
Mining—50c
Gate
11'Ac 12'Ac
Mines—1
Mines—
Mines
■
1.65
.
1
..
—
Partanen
31'Ac
—
Gold
Jun
'
.
Wares—
20
190
1.60
v J.
:
•
....
Oct
July
102%
830
12%%
1.49
_100
Porcupine
__
Oct
32
Jan
1
common
preferred
General
6
92 %
5,600
...
9%
Porcupine
5%
12 -11%
24%
,
2,000
?
7- /
•
4814
'v-
;'
common-
Pamour
90%
•A,:-9
35C
1
5
*
34 %c
•
102
_-
2.19
7
48%
-i
Page-Hersey Tubes _2
102
A_„
220
2.13
*
5%
Mlnes______
Power
9%
'
common
Ltd
Pickle-Crow
1
preferred
5 % 'io
God's
Canacia
Gold
Francoeur
18c
212
100
Pacific Petroleums
Perron
Aircraft
18c
2.19
•
—j
Gold
10
■
70
500
•
J_
Oils
11% July
.-A-.
Power
common
Omega Gold Mines _2
10%
■
167
1,000
_1
Corp Ltd
■,
O'Brien
Jan
■
Jan
430
103
3%c
•
Empire Mines
Jan
*
14%
20%■■
7%c
—5
Preferred
6%
Shops
Mining
July
3Vbc
*
_
i.,
North Star Oil
5%
Mines—
~
__
_
Mining
8% Mar
Candy
Jun
10
r-i OO O
•
Ltd
Co
Oil
110
0
Falconbridge Nickel
17
Jan
7%c
—1
Mines
125
..
Jan
5%
Sep
3%c Aug
'
Nipissing
635
i
~
Noranda Mines
9
Mines
10%
i
9%
Equitable Life Insurance—25
150
572
9%
_
.
Potfer—
1
8%
12c
15
103
3V«c
...
Canada
Class.A'
"
8%
•
_
j
&
Porcupine
:
Montreal Light Heat &
Moore Corp common.:
9%
*
.
8%
.
«
Mines..
Moneta
8%
.1
Mihes_—_________1
Mills
9%
Co
,20%
...
103
$
Light
3%
Mines.
Machine
Sep
9
-
1
Corp of
*
Oil
Malartic
Washing
July
2.40
Jan '
170
Gold
Premier Gold
Easy
4.00
Jan
Mines—
Gold
____•
—20
Jan
1.51 Mar
2.30
70c
8.975
38% July
34
1.00
—
Oct
Sep
80c
*.
Oct
22%
%c
57
Graham
Mercury
Oct
16c 18 %c
102
24%
Apr
4^8
1.30
Normetal
65c
65c
5%
1.00
Feb
365
57
Northern Canada Mines..
26%
com__*
Jan
Jun
19%
18
1,500
7l/2
1.25
Oct
•
preferred—100
Sep
3.75
57
Sep
Jan
25'A
Dominion Woollens & Worsteds
Oct
%c Aug
1.27
Apr
1.30
Sep
•
common
4
1.65
1
1.74
21
31
& Chemical
Tar
13%
Jan
1.45 July
8V2
20%
.
Feb
Jan
_5
1.45
123
1.00
Stores
Dominion Tar
Dominion
14%
7%
-
Jun
67c
.
300
Lake Mines--^
Red
15%
Jan
29
Investorscommon.l
class B
' .15
•
Porcupine Mines
July
4% July
45
24%
37%
Oct
20
Jan
42
•
7%
20
National Steel Car____
41
com
275
—100
Negus Mihes
41%
& Steel
.420
8V2
Jun
Oct
Jan
Preferred
60 %c
6.160
24
22%
^
Aug
Oct
85c
50
Scottish
Dominion
80c
23
22%
*.
—
Jun
Mar
9%
__
75c
23
Ltd^_—JV2c
i
26c
115
133% 133%
Preferred
1.65
706
.100
80c
common-.
16c
2,800
4%
Massey-rtarris
13%
1.500
Bank
—
68c
Jan '
2,800
__
Mines
Mines
"9% Jan
1.50
i
9,175
22%
26
Jan
1.10
Mines
5,000
1.17
l%c- l%c
Jan
15%
Distillers Corp—Seagrams common
Dome
Mines
Jan
185
2%c
1.13
Leaf Milling -cpmmon
Preferred:
54c
65c
26c
80c
Jan
lc
13%
2%c
1.1.6
•
Gold Fieldsi—^
Mexican
15
___1
9%
13%
2%c
Maple
Mining
10%c
4%
—
9%c
13%
*
Sep
3%c
1
A
July
6.10
2,600
5%c
15,950
Oct
1,200
1.10
•.
5%c
.
Sep
26
Jan
15% July
3.30
Sep
1.36
-——
•
„
16%
Jan
Mar
3.65
13% May
3.15
Okalta
Petroleum
Davles
50
3.25
1.47
1.45
Delnite Mines
Sep
1.40 Aug
'.--v
1
117%
1,000
65c
14%
10%
22
12,700
Jan
53,363
26c
37%
14%
325
21,877
Feb
23c
26c
Ltd
Corp
510
1.36
95c
365
__
25
5.95
2.12
116%
31,625
__
16
25%
5.75
__
3.65
McWatters
1.34
1.65
0
CoaL—100
15%
25%
__
5.95
3
McColl Frontenac Oil 'common—
Preferred ———J
5%
2% Mar
12%
100
Sep
91c
May
1.30
13
1.00 Jan
1.55
Mills
lO'a
Jan
2.04
,
Jan
55c
40c
3.65
Jun
10
15%
(Toronto)
Imperial
4.75
5,450
4,900
1.32
McLellan
Smelting—__5
&
5.780
84c
1.00
.1
Lake G61d
& Eastern
9c
Aug
2%C Aug
80c
2.08
McVittie
•
,
9.25
Feb
Sep
Jan
93c
__
3.65
12% July
6%cJuly
12%
—„5
8.85
;
1
23% July
Canada.——0
of
2c
1
Feb
1,000
1.58
„
4%c
•
Ltd.J
Mines,
Jan
7%
1,495
12%
1
Mines
Bakeries
15
23c
Petroleum Ltd—.—__
______
Jan
Mar
5,400
,c_
Consolidated
Crow's
5
•
Co
10
1.14
__
%c
1
Jun
Jan
36c
2,100
1
Co
National
Cosmos
4%
1.18
Ltd
Coniauruin
10%c 10'Ac
__
*
Chesterville Larder Lake Gold Mlnes__l
Commonwealth
July
1,800
1.60
Conduits
19
60
1.35
117% 117V2
__
1.16
Mines—j.
Gold
Jan
3%
j
10
1.55
Willans
15
...'
3,270
__
*
1 %c May
1,300
4c
2c
'•
1
Oct
5
10%
1.58
Cocnenour
150
55
215
'
25
1.16
Cockshutt- Plow
Feb
2,200
1
Comnioil
133
20
60c
__
'62c
2,000
—
10c
3%c Sep
26c
Aug
.330
5%
Boxes
11% July
26
17
___*
Jan
''
'
'
Candy.J
L
Red
Manitoba
July
150
__
July
13c
93c
class B ——_i__—__w
Malartic
Oct
38%
A5%
Chateau Gai Wines Ltd——
.
7% Mar
Oct
lc
2.000
,
Madsen
9% July
38
38
5 %c
3.000
6%c
MacLeod-Cocxshutt Gold Mines
Oct
25%
■
1
Research
145
9
Jan
2,500
Apr
July
•>
.
3c
°
i
Oro Mines-
Macassa
July
Jan
Central
Chemical
6%
19
6%
24
V
22c
1
|Mines Ltd___
Aug
42
50
preferred
Central Porcupine
Jan
Jan%
28
185
common
Gold
1.35
130
Jan
Oct
8%
Castle-Trethewey Mines
Patricia
-4,075
42
17
v
9.25
*
Loblaw Groceterias class
.
1,064
3c
0
common
Leitch Gold Mines, Ltd
Little Long Lac Gold
Jun
39%
23%
22c
v
1
Cadillac. Gold Mines
Lebel
Jan
22%
!
,
i
—
Laura Secord
Mav
23%
Mines
Mfgs.
124
135 137%
41 %
—__0
Quartz Mng.
Co
Oct
146
Lapa
July
98
Sons
.
Oct
12
Jan
Co
Wirebound
Carnation
44
Feb
8%
Rv—.—
Canadian. Wallpaper
Canadian
Feb
6'A
79 %
22%
—
Gold
Ltd
Pacific
36%
5
22%
com
Alcohol
Canadian
Canadian
25
25
&
■
July
___20
Dock
&
106
11%
25
Canadian1 Industrial
Sep
9
common——...*
———
Oct
9
98
__
preferred
Preferred
110
Jan
44
5%
!_
Lake
Lang
Jun
Jan
4'A
92
Jan
33
6c
Mining Co.—_1
of Woods Milling
Lamaque Gold Mines 1_
34>/2
.
—:
Celanese
102
6
Gold
Jan
112'%
1.650
.
1
Oct
9
common
preferred—....
Canadian
90
325
A
7%
98
common—
preferred
8%c May
Feb
Lake
90
80
v
34
V y- •V-/ 'iV'
Lake Dufault Mines Ltd
Lake Shore Mines, Ltd—
Jun
146
.
5%
44
__
__
67
_
Sep
3
110
3.35
Preferred
5c
350
105
0
Canadian Canners Ltd
500
7%
8'A
Commerce__.__.100
of
6%c
8
44
50
Class
35c
105
*
—
Wire
Jan
109'A
Corp—..—0
Mortgage—100;"
Lines common.
•
Canadian
21c
8
*
Power
——
4,100
105
•
_100,
—
Canada
7
7
—100
30c
6%c
__
common.——(
Class A
Canada Cement
27c
__
Oct
>
Jan
33
••
l
_
Minesj
Kerr-Adtlison Gold Mines
Kirkland
Calgary & Edmonton Corp Ltd
—
10%
25
■
■
Apr
Mar
22c
l
";1
A':
98
Jun
8
26c
6c
1
—
J M Cons Gold
11% July
38,200
4c
' Vw .a'-
1
!
;•
790
98
Mar
6%
100
114%:lis%
Jan
10
1,300
15'A: -16%
22%
■"
Co—
10
60c
Jan
11%
100
,
10
-
33%
•
Mines
Jellico Mines
Aug
Jan
Mining
Jacola Mines
Feb
July
1 %c
Waite
7
__
•
•
85
55c
115% ■ •'■■■■•
100.
;■
Jan
157
2,203
12
-.
__
100
Common—
Oct
8'Ac
*
common-
...
9c
_
Mines
75c
7%C
■
«
Ltd
Extension
4
66c
66c
•
*.
"A" preferred —J
International Milling preferred—
26
*
A
Jan
16%
A
__£1
23%
:
Jan
7 :
7
Jan
22
7%
15
*
2
8c
common
f
11%
12
9 %c
27
22%
A;,
>
2,000
:
10
15
13%.
'„178
7,211
•
26%
178
T
__
18c
Preferred
17%c Jan
1,545
1616
5
_
4,415
.v.
32'%
•
».
26
1
Bird
'
•
_100
10c
*
class
Porcupine Mines, Ltd__
Brown Oil Corp
Camp
'
Range Since January 1
Low
27c
26c
13%-.:: 13%
8%c
•
Broulan
Canuda
15
0
6%
0
15
—0
Shares
High
32%
_________—1_
9%c
•
Oil—^
Steel
A—
32%
16%c
1
Power
Building Products
class
B
40
4
Burlington
Class
25
B
Hill
Hunts Ltd
Sep
26 %c
10%
_
Packers Ltd—
Dominion
Bunker
Oct
14
Jan
1
•
Hudson
32,917
8%
8
i
Oil
British .Columbia
British
10
140%
Howey Gold Mines—
Bay Mining & Smelting
Oct
9
8%
common
Ltd
American
24
Low
Sales
v
for Week
>
of Prices
Par
Sep
*
urazilian Traction Light & Pwr com—*
British
15
50
9
1.87
Week's
Range
•
Sale Price
High
70c
250
;;./AA:\Last.;
.
i
,
33c 37'Ac
33c
$
Mines
Mines,
11
_
—
Ltd—
Gold
11
Low
155 157'A
156 Vi
Gold
Corp
Mines
Braiorne
24
11
100
Sons—
&
Ribbon
boojo
23%
—
Hats Ltd.
Bonetal
24
_
Canada
Bidgood Kirkland
Blue
12,965
$
B
Bertram
1.60
Range Since January 1
High
1.50
*
A.
Bell Telephone of
Biltmore
Low
Friday
STOCKS-*-
Shares
1.60
___—1
Ltd.
....'5
for Week
Range
Lale Price
Beattie Gold Mines
Sales
Week's
Friday
STOCKS—
4'Ac
1,000
2c
25c
25c
27
17c
Jun
4.300
10c
15c
16c
3
*
May
40c
Mar
Apr
8
2.00
100
Jun
Steep
*
Rock Iron Mines.
Oct.
Sturgeon River Gold Mines—
Oct
Sud
Contact
Mines.
_
___
..
Oct
Sullivan
Sep
Supersilk Hosiery
6c
Aug
Sylvanite Gold Mines,; Ltd—;
40c
1
2.48
•.
16c
-A-l
1
2.65
Jan
Oct
Jan
21c
Sep
2 %c
Jun
5c
Sep
Sep
4%
98c
Jan
17c
12
11%
12
1,393
8.50
Jan
12%
Sep
3.70
3.70
3.90
9,345
2.65
Jan
4.10
July
Feb
Cons
Mines.-
1.51
10c
preferred—_
Tamblyn Ltd common
Teck-Hughes Gold Mines
Tip Top Tailors preferred-—
—
100
1.45
1.34
0
3.15
__
.
25
13%
10
3.15
13%
100
60,175
85
2.10
13%
2.10
1.47
85
2.05
-■
.1
3.20
4,575
109
109
50
2,850
65c
65
1.38
10%
1.85
100
Jan
.
1.47
Oct
Feb
85
Jan
2.25 Aug
Jan
Jan
Mar
14
Oct
Sep
3.45 Sep
110
Sep
:
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4221
158
,
Friday
-
Week's
Last
STOCKS—
'
for Week
Range
*,.Sale Price
Shares
of Prices
Toronto Stock Exchange-Garb Section
Range Since January 1
'
;
Par .V;.
-
,
Toronto. Elevators
preferred—
50
:
Transcontinental Resources
Onion
Gas
United
Co
Fuel
Class
•
"A"
Invest
._
Vermilata
:
Oils
Oils
.1
:
__
Ltd
—
Preferred
Western
Mines
Canada
Steel
Westons
74c
9
July
37
Feb
15
32%
Jan
5
10
3%
Jan
4%
150
1.64
1.68
7,300
670
655
—•■
4'/a
34c
130,400
29
29
1.000
1,670
59%
615
47;
(I
20 Vs
21
1,010
22c
22c
6,000
77
.
15%
1
78
13%
16
Jan
4
4
—
v* ?
V
21% Aug
Jan
24c
Jan
91
m
14:
Feb
17
l%c May
l,20a
Sep
Jun
Oct
250
%
Feb
5.80 Aug
63
Oct
4
200
15%
Sep
36 '
19 c
40
13
—
3.3'/«
Sep
Jan
19
22c
*
Mines
58'%,
Sep
36c
3*40 Jan
59
pfd——100
7.25
9%c Jan
20
Mar
5.35
32c
,
20 %
1
Jan
5.30
—
Apr
1.85
Oct
July
5c
July
i. -:
Winnipeg Electric
Preferred
*
common-—
Yankee
Girl
6%
Gold
3% May
Jan
856
100
56
56
59
_•
—
Wright-Hargreaves Mines—Ymir
6%
__
!
3.40
3.25
3.40
9c
9c
8% July
4.000
63
Oct
2*50 Jan
4.20
10 %c
Sep
20;. t
240
■
Mines
Ltd--0
__
•
Last
Canada Vinegars Ltd
Coast Copper ■%_;.—i
—
:■
Jan
9%
Oct
1.20
Jan
1.80
Jun
3
Jan
800
Paper Corp
*
Paper Box preferred—100
5%
5%
5%
3,976,:;.
89
&
Humberstone
Shoe
89
5
40c
43c
4,300
1.50
1.50
50
1.00
Jan
25%
—*
Construction
Lake
6% July
26
437
25%
Jan
78c
Jan
1.75 Jun
8
Apr
12
70
Jan
91
29c
Jan
47c
Apr
:
Z':W:
':
pfd
40c
—*
Bridge
Foothills Oil
Pend
6%
1.40
Gas
Selections
High
20
1.30
«■;
Oil
Low
9%
1.30
Steel
Osisko
Range Since January 1
High
5
Dalhousie Oil Co Ltd—Dominion
Shares
9%
Consolidated
Corrugated
Disher
of Prices
Low
«
_
Sales
for Week
Range
.
Sale Price
•
Co
Ltd
1.52
Metals—
Temiskaming Mining CO
1 65
2,600
12
10
4c
2,000
2%c
Jan
7c
May
1.000
7%c Apr
25c
Sep
1.400
1.05 Jan
14 %C 14 %C
1
——I
Oct
July
12
1
Oreille Mines &
31
1.52
_
«
—
Mines—
Jun
1.50
.
.
4c
*
'
r
,
Week's
Friday
STOCKS—
Apr
8c *Mar
2,225
.
Funds
Oct. 9 to Oct. 15 both
inclusive, compiled from official sales lists
A' ''
Par
6
Jan
4.40
July
5% July
Jan
95c
1,383
Canadian
Jun
Jan
33'%
5.30
com——*
common-—
Wiltsey Coghlan
Apr
6
5
32'/ac
*
——
Flour
35c
425
33
:,
Products.————Y
Ltd
55
4'/2
———
Gold
Wendigo
West
—
Jan
1.64
_1
.
Mines, Ltd.—
Walker-Gooderham & Worts
High
50%
5
—•
Waite-Amulet
7%
__
1
Ventures, Ltd.
11,500
67%
•
—
Upper Canada Mines Ltd
Vulcan
7
25
United Steel
155
59c 63 '/2c
60c
50
B
53
53
—
*
Canada—
of
Low
High
Low
1567
Sales
;
9%c
1.35
1.40
9%c
9'%
500
c
5%c
Oct
J.90 Jun
i|%12c
Jan
■v'':
Sep
OVER-THE-COUNTER MARKETS
:
i<-
Quotations for Friday Oct. 15
C. %
T
Investing Companies
Par
,
Aeronautical Securities——
Insurance Companies
Ask
1
6.70
3.14
Bid
Par
7.28
V/a
Affiliated Fund Inc
A Amerex
Bid
3.44
Keystone Custodian Funds—
Series
B-l
•
Holding Corp—
10
Series
1
3.24
3.55
Series
13.54
14.69
Series
B-4_—
6%
6%
Series
30.64
B-3
Investlng_10c
K-l
22%
24%
1-
33.57
Foreign
Stand
Assoc
Shares
Oil
2
Aetna
19.11
Agricultural
Axe-Houghton Fund Inc
Bankers Nat Investing—
A Common
1
Inv
of
Tr
Fund
Boston
4%
—5
4%
10
Canadian
Chemical
x3.05
3.65
27.87
29.97
9.69
10.48
Mass
Investors
Trust
Mass
Investors
2d
139
144
4.54
Mutual
4.93
34%
Reserve
American
Surety.
——
■:.
——
National
—-l
Low
34
New
3 55
—•
...10
Connecticut General Life-...10
Continental Casualty
5
Employees Group
Employers Reinsurance
Inc.L
10.32
10
—
York
Stocks
6.05
'
& Howard—
1
19.94
Fund———————--1
11.80
12.67
Equitable Invest Corp (Mass)_5
Equity Corp $3 conv pfd
—1
Fidelity Fund Inc
„*
Financial Industrial Fund, Inc_
28.81
30.98
Fund—
17.57
1.73
5.90
5.27
10
9.39
Shares A—1
3.65
—2
20.44
22.4C
Fundamental Trust Shares A—2
4:64
5.38
*
4.40
—
1
t
•
30.95
33.28
General Investors Trust
1
5.08
5.47
Glens Falls Fire
Globe & Republic
Globe & Rutgers Fire
2nd preferred
jV-i
9.49
7.20
-■
8.31
9.14
8.27
10.26
L;
_L__
7.47
Great
Ins.
com.
6.36
7.0C
t
.l.
5.81
6.40
;
38%
Agricultural
.'
-
shares
\
shares—————
Automobile
6,30
24%
62 %
37'%
10%
Springfield Fire & Marine
25
126%
16
Standard Accident
10
14%
Travelers
67
31%
U
29%
U S Fire
...10
96%
100%
44
47
31%
S
Fire
U S Guarantee.
>'
flew York
Par
Bank of the Manhattan Co.—10
Bank of New York.
100
Bid
Ask
19%
364
20%
'376
Trust
72%
77%
35%
Guaranty Trust
L—1
2.65
Chase National Bank
37
Manufactures
2.69
13.55
Chemical Bank & Trust—10
35
_i
44%
46%
L—1
i—10c
L
.1
2.22
Commercial National Bank &
47
52
13.16
14,15
Trust
100
Continental
Bank
&
x5.94
6.53
6.93
7.18
6.34
Selected Amer Shares
8.56
9.41
Selected
4.81
5.30
6.78
7.46
Sovereign Investors
Spencer Trask Fund
National
16%
18
45%
48%
75
79
National
Bank
100
1,485
13
1,410
25
Trust Co
City Bank
New York Trust
25
Public Nat'l Bank & Trust__17%
Title Guarantee & Trust
—12
—100
36%
45%
20
48%
51'%
100
—12%
14
33 %
com..20
& Co Inc...
United States Trust
1,525
308
..10
—100
preferred——.
(J P)
300
'
155
53%
195
*
205
31%
33%
86%
90%
33%
36%
4%
5%
1,195
1,240
Scudder, Stevens & Clark f
5.76
217
10
First
6.53
207
Exchange Bank & Trust_20
Empire Trust
50
Trust
Conv
Morgan
Ask
145
—100
Lawyers Trust.
10
Bid
100
98%
Chemical
52%
32%
Par
Fulton
95 %
Building shares^
49%
Giiy Banks & Trust Cos,
Central Hanover Bank & Trust 20
Republic Invest Fund
4.78
40%
10
2.06
5.79
67%
38%
2.50
Westchester Fire
Irving Trust
Kings County Trust..
6.78
39'%
33%
Hartford
93%
6.16
4.63
4
47'%
""5.26
64%
Fidelity & Guaranty Co„2
45
shares
54%
132
1
100
;
7%
314
52%
10
;
88'%
;
304
_io
Hartford Steamboiler Inspect-10
Home
.—5
Brooklyn Trust
Quarterly Inc Shares——ti.lOo
—
27%
22%
Security New Haven
100
Series 1955
Fund
25%
Seaboard Surety
63
Bankers Trust
shares)
Series 1953.——•
(Geo)
10
—.10
Marine
19%
29%
Corn
Group Securities—
Fire &
44%
27%
6.90
L_....
Putnam
Paul
9%
5.16
Plymouth Fund Inc
5%
17%
American
10.93
4.68
Series 1956i
17%
39%
2
42%
Hanover
8.22
6.27
effs
90%
36%
11.28
9.94
Trust
51%
15%
—10
St
6.62
L—
48%
86%
5
Providence-Washington
114 %
10
73
31%
7.17
5%
96%
109 %
10
50'%
12.92
92
..25
Preferred Accident.
29 %
7.52
C
Series 1958
Capital Corp—
Indemnity Co
149
47%
i
Amer
Pacific
Phoenix
143
5
8.63
—
North
59%
45%
55%
12.50
Franklin
9.97
North Amer Bond Trust
Fire..—...
General Reinsurance Corp..
Gibraltar Fire & Marine...
Steel
4.20
Pacific
6.49
Railroad equipment
1.90
Northern
34%
4.68
Railroad
18.70
43
Reinsurance Corp (NY)
Republic
(Texas)
Revere (Paul)
Fire
6.26
equipment—i.L._.
Oils
40 %
River
14%
■
25%
4%
Northeastern
91%
9.07
Metals
North
38%
13'%
6.48
15%
23%
5
20%
87%
■l-.'
49%
14%
2,50
18%
36:%
5
11.99
1
34
47%
5
Firemen's
Fire
31%
10
69
Newark
30
New
Fireman's Fd of San Fran-—10
of
196
28
__io
22'%
42'%
8%
186
2
New Hampshire Fire—
York Fire
610
7%
20
Casualty
7.31
5.68
Machinery
31.50
30.50
Fund——fl
Trust Shares A
21.42
Fire
New Brunswick..
87%
82%
2
Union
Amsterdam
3.16
L.
stock
National
8 Ve
5.89
...
Insurance
43%
7%
585
6%
62%
National Liberty
New
7%
59%
National Fire
6.66
16.32
Building supply
Electrical
Fidelity & Deposit of Md_....20
6
25%
2.79
,
Chemical
Federal
9.39
stock
—10
1.35
7.39
50%
6%
23%
32'%
1.22
—L.
Automobile
Bank
16%
61'%
X21
.
47%
4
9%
6%
(Detroit)..10
4.22
)
Inc—
..100
Fire Assn of Phila
!
Fund..
.25
.
Fire
6.84
L_
series.*
series
Agriculture :.
20.49
1.29
11.28
X3.50
common—
Aviation
Ino
City of New York—
10.69
I;-—:
England
New
5.30
Invest
21.73
9.94
series
Low priced bond
xl.17
Trust
20.26
priced stock
Income
——25c
Mutual
1
t
Series—jj
—
——2.50
First
Camden
Corp..*——1
30'%
4.66
18.95
1
Fixed
4.58
Fund
Security
Bond
32
C
Foundation Trust
8.57
Fund.'—1
National Investors
112
1-X
j)
7.79
4 16
Preferred stock series..E—•_
10
100
Dividend Shares.
Invest
—2 Va
75
iy
15'%
59
40%
10
—25
—
Bankers & Shippers
Boston
Securities—| >
(Colo) series B shares.i
•
(Md) voting shares—JL_25c
Diversified Trustee Shares—
General
American
6.57
Nation-Wide
3612
2.33
1.19
shares
B
4.35
5.99
Automobile
-100
Fund--.
Fundamental
3.92
LI
Baltimore American
:
Cumulative Trust Shares
Stock
59%
National
91.80
—-1
-1
preferred
Balanced
—10
38.40
Forster Insurance-—
Eaton
American
89.95
2,21
2.21
2-66
2.66
28%
preferred—
Delaware
10.04
71'%
....5
Merchant Fire Assur
Merch & Mfrs Fire N Y
Monarch Fire Ins
37.63
common—10
& Forster
B
16'%
9.10
Sayles Mut Fund.!;
*
Sayles Sec Fund.t.'..10
In'c—
Common
J—10c
Maryland Fund Inc
u_ilOc
1—1
Series ACC mod
A7Vo.
Fund
1
Series AA mod——
A Common
12%
15
Manhattan Bond Fund
Accumulative series—.——1
Crum
19%
11%
-2'/a
Loomis
Investment Trust—_—1
%
—5
Fidelity & Casualty.5
Loomls
Series AA„.—.—
A 8
Knickerbocker
*
Corporate Trust Shares
ACrum
Equitable
Casualty
31%
8%
5%
12%
American of Newark
56%
38%
20
16%
86%
1
American
Re-Insurance
AsK
14 %
84%
5
American
15.46
100
21
Y
19.33
17.39,
—1
12%
N
Casualty
Massachusetts Bonding
13.82
.-'Series; S-3———-t——
Series S-4.
JiLi—
1
Preferred
Maryland
25.56
28.88
2,330
Jersey Insurance of
Knickerbocker
25%
12.59
t—
14.10
com..—100 2,220
Securities
81%
17.57
;
16.17
Fund
35'%
23%
23.25
— __
S-2
Bid
Fire
„io
Insur Co of North America...10
11%
—10
__
26.71
Ltd
Fund
Commonwealth Invest
Consol
____
104.40
Par
Homestead
56%
78
_
_
American Casualty
1
Century Shares Trust
Christiana
3.66
■.
_
Alliance.
5
Ltd
Inv
K-2
Series
17.09
Life
American
-5
Inc
Fund
5Vs.■
.
100.22
America
Broad Street Invest Co Inc
Bullock
Series
Series S-l
preferred
—
Industry Shares
Bond
13.98
3%
—
A6#
Basic
13.00
1
15.57
9.52'
A*k
144%
33'%
27.82
8.66
Bid
136'/a
54
17.41
L.
—10
Aetna
25.33
"
American
Par
Aetna Casual Si Surety
'
.
B-2
American Business Shares
Ask
Aviation
shares—
Electrical Equipment—
Food shares—
Administered
Fully
bond
General
shares—
shares.—
i
._1
Fund, Inc
3.35
3.69
88.96
9.20
10.03
4.09
Bid
5.92
6~56
13.65
L—1
14.53
Lorillard
83.28
Panhandle
7.52
State
CorpEl—_•
77.50
Industrial Machinery shares—
5.85
6.44
Super Corp of Amer AA_Li-—1
2.33
Investing
5.70
6.27
Trustee Stand Invest
Price Shares
Low
6.84
j
———
_
Petroleum
RR
shares——-
;
shares—
—
shares—
Utility
ASeries
C
ASeries
D
6.49
4.68
5.16
Trustee Stand
6.15
6.77
3.35
ASeries B
3.'.'6
4.15
4;12
shares.
4.22
—
4.2')
4.65
Income
Holding Corp
Foundation
1
;
Fund
14c
Class
—10c
1.40
19.43
20.89
2.17
2.45
Common
■
Aviation Group
shares——i—
Investment
of
Co
1.53
shares
1
109
102%
102%
100%
Bid
Ask
101'%
Eastern
1963
1953
4%s
1972
South
(Indiana) —
1973
(Jacob)
Ruppert
Pipe Line—
debs
Puget Sound Pow & Lt—
103%
103%
107'%
107%
Carolina
3%s
106%
107%
1950
104%
105 %
1972
107%
108%
3 %s._.1973
101%
102
5s
Elec
...
&
Gas—
—
(New Hampshire)
1973
West
Util
Texas
5.75
6.39
Lii25c
C
Stock
Fund
B_
U S El Lt & Pwr
Shares Ai-
8.14
Dec
15,
1943..
6.25
Mar 15,
1944..
16.51
18.04
Jun
1944..
Investment
Banking
Corporations
1.23
22.18
24.11
ABlair
&
11.73
11.99
A First
Boston
Co
Figures after decimal point represent one or more 32ds of a
Int. Rate
Maturity-
15,
Corp
Ask
Maturity—
100.5
tDec
15,
1946...
1
%
100.8
100.10
tSep
15,
1947
%%
100.7
100.9
100.19
100.21
1
17.36
Mar 15,
%
i%s
t
|
tMar 15,
b0.50
0.47%
0.60%
bO.75
0.73%
1,1944
bO.73
0.71 %
t%s Apr
100.12
100.14
t%s May
99.22
99.24
t%S Aug. 1,
%
99.29
99.31
*%s
,.1
2
10
20%
1
1946.
2%
%%s
1
Sept.
Oct.
100.17
b0.62
99.31
100.17
j
100.24
100.15
1944
...
Feb 1, 1944
99.29
100.15
1945..
Ask
100.22
Indebtedness—
t%s Dec 1, 1943
%%
%%
15.79
%%
1'%%
1
Bid
1 %%
1%%
—
of
Certificates
point
Int. Rate
100.3
Ij
—
Bid
V/e%
Sep 15, 1944_.
tSept. 15, 1944
1.65
L
1L68
90c
21.17
15%
L
—
79c
24.25
5.n
L
71c
7.44
——
Union Preferred Stock Fuhd——
B
Quotations For U. S. Treasury Notes
43c
23.52
19.37
[A——
1.12
America—10
Investors Fund C
10.65
:„i
%
108%
3s___
Service
Public Service
2.14
Ask
Light 3'%s_.1973
3%s series E
2.24
—.1
Wellington Fund
81c
Bank Group shares.
Insurance Group
;
2%s
&
(P)
3 Vis series A.
B_
Union
Incorporated Investors
5
Independence Trust Shares—-*
Institutional' Securities Ltd—
Power
Public
■
L
B
Series
26c
Inc
SharesP-
Trusteed Industry SharesJ...25c
Union Bond Fund "series
Series
A Huron
Oil
Iowa
Trusteed Amer Bank Shs—
4.54
3.81
shares———.
Shs4L_—-_1
t..___l
ASeries A
3.03
-•■■■"
;
Equipment shares
Steel
Tobacco
Investment
5.90
Mining shares——
Railroad
5.94
5.40
—~
Merchandise shares
St
Recent Bond Issues
90.76
L__2%
Shares..tL.~i._l
Income
1944
1,
1,
—
b0.79
1944
0.77%
b0.84
0.82%
b0.84
1944—
0.82%
22%
(
United Stales Treasury Bills
Obligations Of Governmental Agencies
Bid
Commodity Credit Corp—
X1Vb%
Feb
Federal Land Bank
4s
4s
Reconstruction
100.4
100.6
tl %
Finance
-.Apr
—
Bid
1964-1944—
1955-1945
1955-1945
U
102%
102
{J
102%
102
104%
104 A
15. 1944
100.4
.Feb
100.6
100.9
3s
Jan.
1,
1956-1946—
105%
105
May 1.
1956-1946—
106%
106 A
,Y
Other
U S Conversion
U S Conversion
Pqnama
Canal
1961
b0.37
0.28%
Ask
±Bid
Dec.
1943
2,
b6.37
9, 1943
Dec.
16.
0.32%
b0.37
1943
Dec
0.33 %
b0.37
0.33 %
1943
bO 37
0.32%
Dec.
23,
1943
b0.37
0.34%
Nov. 12,
1943—_—
b0.37
0.32%
Dec.
30,
1943—
b0.375
0.35%
Nov.
1943
b0.37
0.32%
Jan.
6,
b0.375
0.35%
b0.37
0.32%
Jen.
13,
b0.375
0.35%
Oct.
3s__.1947
_J
21,
28,
Nov.
1,1944
lssne$
[
3s——1.1946
3s...
Oct.
for discount at purchase
Ask
Treasury bills—
100.2
Authority—|
notes
are
Bid
Cprp—
{I*
3s
Housing
104 A
104%
S
1%%
Rates quoted
Ask
Bonds—
1946-1944
3%s
3s
15,1945
)
Ask
4,
18,
Nov.
105%
105%
26.
107%
130
131%
1943
0.30'
1943
—
1944
1944
-
value,
a Odd
lot sales,
b Yield price,
d Deferred delivery,
r Canadian
sCash sale—not Included in range for year.
x-Ex-dividend.
y Ex-rights,
tin default.
•No
107%
b0.37
1943
bonds
are
par
subject
to
all
Federal
taxes
AQuotations
not furnished by sponsor or issuer.
market.
fThese
.
THE COMMERCIAL' & FINANCIAL
1568
COURSE
THE
clearings this week will show an increase com¬
Bank
Preliminary figures compiled by
pared with a year ago.
J of
the chief cities
based upon telegraphic advices from
us,
the week ended Satur¬
16, clearings from all cities of the United
Oct.
day,
will
ings
possible to obtain weekly clear¬
from which it is
those for the corresponding
above
7.5%
be
Our preliminary total stands at $8,400,-
BANK
We cannot furnish them
ends
today, in
much
as
Saturday and the Saturday figures
as
able at time of going to press.
Accordingly, in the above
cases
In
day of the week in all
the
elaborate
detailed
present further below
we
we are able to give the final
complete results for the week previous—the week
and
ended Oct. 9.
For that week there was
! 911,942, against $7,815,586,770 for the same week in 1942.
in
At this center there is an increase for the week ended
'Friday of 9.9%.
comparative summary for the
Our
week follows:
New
2.3
287,653,465
143,900.000
1;
15.3
7.2
+
129,200,000
193,626,161
—
—
141,216,001
203,380,000
Louis
Francisco
Pittsburgh
1st
'
*
Ten
+
4.3
4th
Cleveland
5.3
5th
Richmond
—-
Philadelphia
+
17.7
6th
112,281,968
+
1.5
7th
$4,902,967,954
1,377,652,445
$6,720/729,474
1,680,182,468
1,534,966,371
Total all cities for week
$8,400,911,942
$7,815,586,770
7.2
$6,280,620,399
+
St.
9th
+
9.5
12th San
+
7.5
statement of transactions
the New York Stock Exchange is appended.
The re¬
for September and the nine months of 1943 and
on
sults
1942 follow:
Description
'
■
—Month of Sep.
-
1942
1943
Btock, number of
shares
Nine Months1943
1942
14,985,690
9,449,934
$186,854,800
$268,643,300
9,398,000
7,924,000
53,175,600
92,709,500
307,350
244,800
2,574,775
5,858,200
227,046,416
77,002,916
Bonds
Railroad
& misc.
bonds
$2,538,575,100 $1,569,600,300
Foreign govern't
bonds
U. S. government
bonds —2
Total bonds
$196,560,150 $276,812,100 $2,634,325,475 $1,668,168,000
The volume of transactions in share properties on the
1940
Month
of
18.032,142
February
—
12,993,665
13.312,960
15,990,665
24.434,084
January
March
7,925,761
8.969.195
13,470.755
36.997,243
8.587.828
10.124.024
quarter—
79,463,469
29,507,254
32.406.179
33,553,559
11,185,760
May
2nd
35,051,545
Six
months
July
.
22,284,837
31,314.623
81,235,027
51.792.091
8.373,550
17,872,807
14,251,976
7,387,341
10,874,650
9,449.934
13,546,161
11,940,210
55,561,998
The
25,210,825
227,046,416
"77T002T916
—
42,293,618
CITIES IN
September-
26,859,830
$
$
$
14,171
1st
New
$
San
$
S
$
11,511
184,082
140,951
132,438
1,739
1,716
1,272
17,471
15,683
14,651
Baltimore
1,165
927
13,389
11,848
10,347
2.374
2,172
1,613
24,167
21,423
19,287
3d
630
525
378
6,295
5,215
4,369
4th
_14
797
487
9,200
8,058
6,638
8th
St.
338,580,200
60,703.083
214,241,911
1,023
838
657
9,652
8,080
6,734
554
453
315
5,612
4,562
3,902
9th
Outside
by 29.6%.
In the Chi-*
register an expansion of
21.4%, in the St. Louis Reserve District of 23.2% and in
the Minneapolis Reserve
District of 32.3%.
In the Kan¬
sas
City Reserve District the increase is
20.1%, in the
Dallas Reserve District
32.6%, and in the San Francisco
Reserve District of 20.2%.
;
cago Reserve District the totals
+
23.2
2,288,819,210
2,412,622,141
+
15.3
2,021,293.175
1,103,235,620
+ 25.0
1,463.331,881
923,932,610
1,334,613,882
3,544,079,262
+ 29.6
1,113,530,304
21.4
659,706,845
756,963,985
2,941,619,966
2,154,874.703
••
4,302,727,048
7
Inc.
0
1,315,418.698
16
+
+ 23.2
"
1,027,073,079
776,576,845
18
"
1,593.913,534
1,326,657,558
"
1.121,829,946
845,884,394
+
2,362.438,605
1,965,885,109
+
20.2
45,241,493,053
23,315,790,909
35,605,705.995
+
27.1
19,005,007.017
+
22.7
2,445,625,069
1,945,619,769
+
25.7
190
——
N.
Y.
cities
City
32 cities
+32.3
;
showing the clearings by
9 Months
Federal Reserve Districts
+ 20.1
14
"
17
"
York
15,537,982,852
190,383,068,959
"
25,201,667,551
23,017,508,496
434
358
260
4,045
3,567
2,950
4.525
3,645
10,074.642,249
137,463,238,735
+
12.5
20,272,294,570
+
15.0
120,357,222,203
16,381,693,882
16,648.242,617
12,802,196,646
+ 18.3
6,774
5,540
4,102
456
327
.5,037
3,833
3,278
11,154, 278,164
40,656,424,663
29,824, 670,496
+ 36.3
"
10,502.033,723
8,750, 619,077
+ 20.0
5,996, 408,049
10,217, 433,029
7,551,220,645
5,734,951,292
26.4
5,144.946,856
4,396,509,605
30.1
8,289,480,937
7,004,753.79.1
+
23.5
+
22.3
5,929,166,575
12,514,178,267
10,199,956,826
299,957,789.196
+ 26.0
268,260,332,978
224.833,246,886
159,0051868,314
+
21.9
135,821,540,639
108,769,507,825
+
22.4
15,544,645,597
13,316,912,676
13,294,174,532
"
8,755,226,236
_19
"
18,816,624,003
7,090, 107,466
15,384. 184,628
cities
377,872,897,575
32 cities
193,790,303,756
21,618,794,102
190
City
...
....
257
161
3,170
2,441
2,006
1,542
1,550
1,265
758
513
17,884
9,400
6,544
307
251
4,418
239
153
2,578
2,163
1,921
325
235
1,386
186
132
2,724
1,849
1,396
82
1,170
78
60
43
651
621
557
434
January
February
March
Milwaukee-
151
126
100
83
1,299
1,134
919
Buffalo
222
208
145
2,259
1,966
1,673
219
171
122
Denver
1,456
1,230
259
218
135
1,992
1.535
144
119
1,397'
104
1,170
80
1,153
1,060
1,735
935
Richmond-
400
334
Memphis-
230
176
192
86
1,535
1,290
427
1,181
356
181
3,478
2,790
2,075
93
1,042
864
713
44
595
559
520
Total
All
-Clearings Outside New York-
1942
'■
Inc. or
$
38,119.462,247
1943
Dec.%
34,941,485,314
+
9.0
quarter-
28.915,301,937
33,410.972.447
+ 28.9
109
74
58
40,391
31,735
4,850
3,870
193
add
our
detailed statement
District—Boston—
97,267.759.698
+ 19.5
59.746,846.345
51,286,347,077
+
31 816.342,592
+ 39.2
21.790,331,975
43,435,802.092
+ 27.6
T; +14.9
Halyoke
+ 33.2
20,541,914,434
42,317,028.545
34,509.696,885
+ 22.6
21.290.406.497
130.049,641,464
98.927,439,091
+ 31.5
116,435,104,085
101,359,715,052
Total
246.231.379.368
196.195,198,789
+ 25.5
123.369.499.251
103,649,404.020
47,378,434.829
34,830,918,410
+ 36.0
18,489,610,174
39,021,590,325
33,325,966,002
35,605,705,995
+ 43.7
+ 17.1
26,569,457,723
20,535,555,873
17,861,847,103
+ 15.0
32,601,399,614
K.
..
—
September
_
-
45,241,493,053
_
Total 9 months
_
Inc.
1943
or
Dec. %
+ 27.9
jan, i to Sept. 30
1942
,
+ 27.1
299,957,789,196
for each city for the month of September and the
;
$
377,872.897,575
—
23,315,790,909
+ 26.0
193,790,303,756
week ended Oct.
$
$
18.0
+
19,005,007,017
19.0
+ 22.7
159,005,868,314
+ 21.9
9 for four years.
Inc.
or
1943
1942
Inc.
or
1941
•
29,557,954
19.1
+
-Week Ended Oct. 9
Dec.
i.
28,307,615
—18.4
142,306,106
25.5
13,389,729,310
11,848,377,481
+
21.3
36,936,642
+
158,010,768
+
35,891,549
%
4.4
$
1,213,386
$
Dec. %
1,095,834
+ 10.7
—29.7;
9.9
3,408,363
4,851,684
+ 13.0
321,309,415
303,116,977
+
2.9
1,031,636
909,435
+ 13.4
0.3
"*496.319
395* 027
"+25.6
$
1,316,202
—
+
6.0
1940
...
•
A
$
690,103
2,855,050
1,997,547
285,519,570
173,929,945
819,959
594,265
631*524
"*3*1*3", 616
+
2.9
18,653,531
18,601,983
+
+
9.9
17,061,506
17,314.915
—
+ 29.8
44,618,690
35,020,699
+ 27.4
1,295,348
1,185,055
+
9.3
+ 33.5
149,073.726
+ 16.9
4,770,539
651,497
10,695,922
3,988,727
+ 19.6
+ 18.6
174,299,191
105,287,062
1,126,086
12,689,417
3,629,869
101,354.335
+
3.9
3,005,666
2,877,109
2,499,434
+ 20.3
2,534,823
+
6.5
14.818,455
2,015,771
11.103,713
+ 33.5
14,134,313
+
5.9
5,801,460
8,497,974
5,335,407
8.7
5,672,084
3,353,633
13,847,900
13,578*900
2*0
14.5*33*000
9,043,500
~
....
„
cities)
+ 28.3
595,298,652
23.851,564
559,103,834
+ 13.3
7,066,300
H.—Manchester
58,142,908
27,022,430
Haven
I.—Providence
(14
2.044 939
2.172,025
4,106,685
16.394,750
74,614,173
Waterbury
Total
—
+
21,887,510
>
Worcester
New
months-—
.
2,387,949
Springfield
P-
6
_
•
5,330,307
Bedford
I-Conn.—Hartford
f-'
_
August
3,887,113
2,105,049
_
July
20,874,058
1,307,639 446
\
Lowell
New
16.5
17,073,968,654
17,244,046,597
18,045,041,692
June
2,915.412
4,713,722
River
+ 15.7
+ 24.2
44.296.811.827
showing the fig ures
17.028,015
1.641,719,632
Mass.—Boston
«
$
3,729,222
Portland
,;
14.1
Total 2nd quarter-
1,574
———Month of September1943
1942
Me.—Bangor
Fall
1,972
23,418 377,872 299,957 268,260
224,833
11,906 193,790 159.006 135.821
108.769
Clearings at—
First Federal Reserve
2,321
27,058 20,866 336,389 264,348 239,698
201,598
3,370
2,552
41,463
35,609
28,562
23,235
45,241 35,605 30,428
23,315 19,005 16,257
now
2,745
+
116.181,737,904
456
136
274
15.408,332,631
17,873,299,281
or
Dec. %
18,004,715,165
17,830,007,273
+ 21.0
43.062.841.188
__
.
Inc.
$
19,716,896,037
22,199,943,035
34,999,433,469
_
1st
1942
$
May
603
54
months since Jan. 1, 1943 and 1942.
April
1,536
71
.
785
271
-
Total
768
Seattle
1943
$
1,058
184
Indianap.—
'
4,838.274,604
MONTHLY CLEARINGS
-Clearings,
Month—
1,334
163
17,662.209,260
The following compilation covers the clearings
by
843
277
St.
We
5,921,733,424
7,017,876,705
20,103,435,659
+
7,576.797,172
"
11
Y.
+
+
"
—18
2,778
309
All
9,215,559,357
25,280,288,209
13,701,796,049
.
517
Total
7,575,440.195
22.8
"
"
2,363
5,695
$
12,174,344,758
8,814, 746,456
Francisco
1940
11.9
+
22,409, 688,729
20,023, ,740,296
10,429,593,339
16
9 Months
1941
7
Canada
398
Out. N.Y.C.
1.411,782,773
9 Months
16
Total
709
—
1,812,199,943
or
—31
Minneapolis
City
N.
Cities-
23.417,684,967
11,905,885,190
■>•;.+ 30.0
13,884, 124,585
146,407. 788,221
"
Louis
Minn.
Total
514,966,997
777,979,311
530,492,602
1,187,351,919
30,428,013,258
16,256,965,012 fc;-,
Dec. %
9
Chicago
N.
Inc.
1942
.—18
Atlanta
7,233
'Oth.
621,814,100
\
1,077,888,651
723,300.395
1,569,870,625
$
14 cities
St.
9 Months
1943
Boston
7,944
_
$
Federal Reserve Districts in the nine
months for four
years.
402
Hartford
September, 1940
;
966.191,516
700.636,243
32.6
"
.
<g
1,363.453,642
14.740,300.372
+ 31.7
19
—
We append another table
475
Salt L. City
September, 1941
■•V"v.''
23.8
+
1,067,451,069
-
or
Dec. %
„H
City
Canada
687
Paul-
358,943,850
in the Atlanta Reserve District
an
-17a 074 7C7
31
Total
574
Providence-
472,608,623
15.3%, in the Richmond Reserve District by 25.0% and
i;730;i63;324
12th San Francisco
737
_
+ 23.5
569.558,107
2,482,368,032
"
Minneapolis
803
Omaha
4,460,293,892
2,152,512,142
2.782,147,575
1
__16
10th Kansas
842
Louisville
3,300,048,477
3,059,713,065
"
41
3,012
486
Orleans
6,940,339,672
1,083,263,871
11,965,440,065
1,703,499,688
9
11th Dallas
Outside
5,670
707
_
8.6
+ 15.6
+
1,539,627,429
17,206,704,654
;„18
Louis
12th San
5,092
1,210
Detroit
•
+ 25.3
September, 1942
"
Chicago
-'987
Cleveland
i
97,231,230
22,660,945,090
"
17
Cleveland
3,495
990
City.
134,957,187
+ 13.1
1,906,288,326
—14 cities
—
Philadelphia
15,546
765
_
118,559,500
390,293,162
703,250,619
8,532
CincinnatiKan.
\
„32 cities
11th Dallas
12,215
1,307
1,090
Fran._
114,657,477
180,036,293
September, 1943
10th Kansas
116,036
2,933
-
148.346,654
+ 23.2
4,284,209,178
.
York
8th
1,641
Louis—
Pittsb'gh
+34.1
231,238,091
$
Boston
2d
7th
SEPTEMBER
2,125
Phila.
St.
f:
249,969,358
larger by
9th
.
164,092,755
408,889,927
134,115,372
1st
-Jan. 1-Sept. 30-
'
—
435,271,907
489,018,591
Federal Reserve Districts
6th
Chicago
^-JBoston
:
053 and the 1942
aggregate $35,605,705,995.
In the New York Reserve
District the totals record a
gain of 31.7%, in the Boston Reserve District of
23.8%
and in the
Philadelphia Reserve District of 23.3%. In
the Cleveland Reserve District the
totals are
Cleveland
BANK CLEARINGS AT LEADING
t
..
Richmond
16,600
151,649,659
277,896,557
'
was
4th
$
238,439,784
474,687,527
275,582,224
clearing houses of 27.1%,
clearings having been $45,241,493,-
5th
21,925
0.8
538,518,741
"
increase for the entire
body of
the 1943 aggregate of
statement:
•
———
Philadelphia
York.
157,887,599
313,370,043
We also furnish today a
summary of the clearings for
the month of September. For that month
there
3d
omitted)
+ 13.4
253,098,156
466,791,299
+ 14.2
7.949,191,341
3,707,072,184
New
New
142,393,617
+ 12.9
8,629,452,574
City.
2d
i
213.808,574
324,363,353
^
-111 cities
clearings at leading cities of the
country for the month of September and since Jan. 1 in
each of the last four years is shown in the
subjoined
-Month of
366,130,167
106,014,420 153,826,695
of bank
course
"
+ 14.7
"
..
,
7,614,850
14,985,690
quarter
+ 19.3
246,263,701
—10
-
Canada
7,304,820
August
Nine months
528,489,620
470,198,246
63.720,802 126.966,815
September
3rd
t
560,963,800
15.574.625
26,324,332
——
.—
38,964,712
10.461.813
171,484.418
quarter—
9.667,050
7,466,443
92,020,949
„——
7.229,097
23.415,845
——
June
"
204,3.92,592
2,394,169,233
321,902,133
603,308,797
284,885,846
Total
26,695.690
7,589,297
16,270.368
3,826,366,260/
220,070,516
45,731,788
April
1st
_—-
2.9
"
Francisco
7th
No. Shares
$
+
"
the years 1940 to 1943 is indicated in the following:
1941
1940
.
$
333,479,388
"
Richmond
No. Shares
1941
6.6
4,374,364,158
:
+
7
Atlanta
1942
or
Dec. %
6
5th
No. Shares
Inc.
$
10
6th
1943
TT
;
City
New York Stock Exchange for the first nine months of
No. Shares
1942
•
348,744,671
282,389,941
4
Y.
of 34.1 %,
CLEARINGS
———
Outside N.
Complete and exact details for the week covered by
foregoing will appear in our issue of next week.
Minneapolis Reserve District
the
"
17
;
Minneapolis
10th Kansas
The
increase of
T"vv:
10
11th Dallas
the
—
Louis
7.0
12.9%.
an
7
—-
Chicago ii'
8th
of
6
...
Atlanta
a-
District
has to its credit
25.3%.
371,701,718
4,502,766,861
"
and the
St. Louis Reserve District shows a
decrease of
In the Kansas
City Reserve District there is an
increase of 23.2%, in the Dallas
Reserve District of 13.1%
and in the San Francisco
Reserve District of
$
10
Atlanta" Reserve
0.8%.
1943
—
A. +
3d
151,185,480
Our usual monthly detailed
Ending Oct. 9
"
the
by Federal Reserve Districts:
summary
12
183,831.018
1,476,798,700
All
a
New York
11.4
Tot. all cities, five days
cities, one day
,
furnish
12 cities
195,000.000
$5,243*930,774
cities, five days
cities, five days—
Other
.
we
Reserve Districts
+
T "To
but
Outside of this city there
Boston
2d
113,958,833
Baltimore
13.4%
SUMMARY OF BANK
177,924,964
'Cleveland
following
Week
Federal
'
Ban
1942.
in
Chicago Reserve District
increase of 15.6%, the bank
clearings at this
having recorded an increase of. 2.4%.
We group
8.8
+
-
151,439.663
City
in
9.9
+
426,000,000 V-
243,529.852
'Kansas
6t.
+
352,184,900
$2,924,415,122
383,080,678
'
Boston
.
;
and
an
center
In the
436,000,000
$3,215,015,587
York
Philadelphia
was
week
same
%
1942
1943
Chicago
the
TELEGRAPH
BY
CLEARINGS—RETURNS
Week Ended Oct. 16—
i
gain of 19.3%, in the Richmond Reserve District of 14.7 %
increase of
an
*
'
are larger
by 2.9%, in the Boston Reserve District by;
6.6% and in the Philadelphia Reserve District by 14.2%.
In the Cleveland Reserve District the totals
register a
has to be estimated.
statement, however, which
8.6%, the aggregate of clearings for the whole country
having amounted to $8,629,452,574, against $7,949,191,341
week last year.
/
the cities according to the Federal Reserve Districts in
which they are located, and from this it
appears that
in the New York District
(including this city) the totals
not avail¬
are
Monday, October 18, 194?
CLEARINGS
the week
the last
the country, indicate that for
1 States
Or
CHRONICLE
237,325.831
224,207,914
6,257,600
+ 12.9
82,941,600
3,053,000
70,190,000
78,229,100
63,490,400
6.0
651,978,100
24,740,277
621.603,300
1,906,288,326
1,539,627,429
15,537,932,852
13,834,124,585
2,415,907
+
•
+ 26.4
+ 23.8
1.5
+
4.9
+
4.1
703,231
684,478
+ 11.9
371,701,718
348,744,671
'
23,761,066
+
+ 10.6
2.7
+
706,908
427,582
6.6
333,479,388
204,392,592
•
i
-Jan. 1 to
Month of September—
v
']A;4-Vv/.i .7YvVr.y •:./:*?
-•
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4221
Volume 158
Oh-.1;/X'-'XxXXVX
$
Sept. 30-
———Week Ended Oct. 9
V;,>rV'
v.;1
1942
1943
Hearings at—
1569
;¥;+
Inc. or
1943
*
Dec. %
*
1942
$
Inc. or
1943
Dee. £
1942
I
Inc. or
*
1941
1940
Dec. %
$
Second Federal Reserve District—New York—
f
N.
47,633,721
+ 43.0
529,722,061
358,541,380
5,668,463
+ 14.3
59,406,570
56,027,650
277,482,272
4,486,407
4,759,901
21,925,702,144
222,800,000
4,729,220
3,738,713
+ 24.5
2,259,478,753
43,174,685
-
:
'■•'••Buffalo. •
-
—
Elmira
——-
Jamestown
York
New
33,306,265
6,479,504
Y.—Albany
Einchamton
Rochester
50,737,262
-—-
Syracuse
Utica
—;
8,045,842
4,714,461
+
6.0
1,310,023
2,202,558
1,174,643
923,106
+
14.9
53,096,272
44,200,000
6.8
918,934
1,017,825
+ 10.2
1,019,096
+ 30.2
774,719
4,242,119,157
42,900,000
783,752
923,137
27,600,000
+
3,640,291,195
2,307,781,750
6,971,044
6,208,836
4,241,947
16,600,698,978
+ 32.1
184,082,593,819
1,966,515,654
40,431,331
39,523,984
140,951,920,882
39,690,273
+ 27.8
425,256,891
386,589,591
+10.0
4,345,243,396
11,730,802
10,390,549
+
9.1
244,471,599
10,375,712
26,246,640
4,666,831
227,467,186
+
7.5
5,327,255
5,104,917
+
16.5
47,800,956
43,979,542
4,805,665
3,437,765
+
8.7
10,046,231
8452,864
6
436", 931
4469" 659
: ;
28,626,525
5,436,875
—
+ 47.7
—
5.1
27.3
+
.
41,332,695
-
405,384
667,600
Conn.—Stamford
36,466,806
29,488,926
+
23.7
267,990,206
236,536,766
+ 13.3
J.—Montclair
"X 2,083,359
1.114,269,543
1,642,190
94,796,803
+ 26.9
152,693,729
135,935,468
+ 12.3
1,337,213,412
4,097,042
3,295,884
+ 24.3
35,030,903
17,723,897
874,347,074
1,178,937,455
31,245,829
—11.9
+ 20.5
15,613,623
993,982,786
22,660,945,090
17,206,704,654
+ 31.7
190,383,068,959
146,407,788,221
+ 30.0
2,008,080
4,450,850
2,200,454
+44.3
+22.7
+ 20.4
+11.6
+16.2
19,943,715
18,611,550
40,083,297
*2,650,000
109,563,238
63.348,113
103,386,809
5.9
21,143,446
20,685,882
+
2.2
+49.5
+23.5
+14.4
23,112,888
21,284,132
21,423,000,000
+
8.6
6,374,834
2,375,136
2,374,000,000
5,573,669
56,483,537
53,020,412
+
6.5
1,378,295
1,247,239
+
10.5
12,844,649
10,288,106
105,947,255
95,811,229
47,827,488
+ 10.6
2,557,690
2,363,345
+
8.2
+ 19.5
1,550,543
1,086,447
7.2
1,661,470
1,123,334
N.
Newark
—
Northern
—
—
N.
J.
Oranges
Total
(14 cities)
Federal
Third
v
Reserve
Pa.—Altoona
^
..." "
''
2,897.346
Bethlehem
5,462,353
„
—
12,301,834
11,024,779
Lancaster
8,092,962
Lebanon
Harrisburg
2,493,646
6,962,778
2,355,098
Norristown
3,549,712
2,933,000,000
Philadelphia
Reading
Scranton
+
.
7,020,710
...
York
5,192,156
8,572,754
-
Wilkes-Barre
26,291,402
N.
22,293,100
30,059,713,065
2,482,368,032
DU
1,660,961
-
BoiS
805,898
3,400,904
_
Hazleton
J.—Trenton
Total—(17
cities).
-
13,873,660
38,109,502
23,006,926
4,502,766,861
4,374,364,158
3,826,366,260
2,394,169,239
2.9
+
6,788,572
193,140,100
567,126
359,966
1,371,229
1,111,382
1,051,067
1,005,194
506,646
565,410
367,305
"962*752
1^644^167
+ 19.4
1,678,498
1,"2T2~ 63 4
585,000,000
514,000,000
+ 13.8
421,000,000
312,000,000
1,457,414
1,123,466
1,707,161
+ 42.7
2,441,487
1,558,236
1,917,952
—13.4
1.887,854
6.0
3.
2.0
+ 12.8
+
817,400
+16.1
25,916,622
213,377,710
173,984,100
25,201,667,551
559,695
1,347,759
+
6,380,811
27.654,590
197/883,833
703,694
1.2
—
70,400,302
11,285,324
13,105,636
7.2
+ 21.6
+
—
64,617,104
75,478,946
13,450,638
Hamilton
3,849,885
„
Lorain
11.7
128,533,964
12.0
23.0
4,045,621,905
7,944,425,175
+
25.5
6.4
+
6.7
+
7.3
—
11.0
6,141,400
3,792,900
+ 61.9
3,004,500
2,139,800
22,409,688,729
+12.5
603,308,797
528,489,620
+ 14.2
435,271,907
321,902,133
122,563,108
3,567,671,458
3,001,074
1,970,687
+ 13.4
92,427,605
83,879,824
10.2
79,171,692
46,209,420
6,774,718,082
+ 17.3
190,127,138
162,458,880
+ 17.0
142,486,356
85,111,071
+16.0
14,641,700
13,160,800
+ 11.3
12,176,800
9,031,900
—12.6
2,090,200
2,397,315
—12.8
2,264,526
1,576,587
7.3
3,655,509
4,107,268
—11.0
3,423,570
3,214,736
254,330,605
200,793,687
+ 26.7
166,365,909
102,854,957
560,963,800
470,198,246
+
19.3
408,889,927
249,969,358
600,157,000
3,529,829
Columbus
+
+
57,231,300
Cleveland
+
803,353,580
15,028,443
Cincinnati
+
9.1
30,219,846
+ 43.4
10,501,913
+
517,259,800
30,705,612
■
7.8
79,925,316
13,695,599
+
24.9
136,000,078
Newark
+
11.3
70,497,045
61,434,636
+
+
-
5.3
343,519,949
13,439,628
291,201,540
12,086,221
7,225,029
8,438,873
—14.4
+ 10.1
9,200,525,663
+ 14.2
•
6,362,631
Pittsburgh
-
5,547,138
+
14.7
69,746,097
10,245,103
7,342,366
+
39.5
82,956,811
2,782,147,575
2,412,622,141
+ 15.3
23,017,508,496
20,023,740,296
11,019,724
,
City
17,314,516
..
By.—Lexington
Va.—Wheeling
—...
.
+ 11.2
8,058,677,817
94,590,092
119,176,411
67,526,984
68,934,961
1,090,353,502
;
—
.
6.5
+ 18.0
+27.3
—15.0
39,137,597
1,334,257
1,698,545
-
+
+ 14.8
990,234,272
41,211,045
...
...
Co.
Greensburg
—:
0.5
—
965,109
Toledo
Pa.—Beaver
Erie
—
3,400,472
1.6
—
126,776,795
7,576,566
9,693,794
Youngstown
3,179,243
4.9
+
10,556,569
91,421,337
983,273
Mansfield
W.
290,392
22,528,791
32,504,014
+ 12.1
20,015,957
57,131,001
434,825,995
Ohio—Canton
Oil
460,865
22,683,244
41,466,648
Federal Reserve District—Cleveland-
Fourth
"
24,167,000,000
+23.3
Del.—Wilmington
—
39,602,414
24,340,267
+24.8
! + 35.2
+ 7.9
+25.4
— 6.0
+ 9.1
— 9.3
+ 62.7
7,945,458
1,324,315
857,330
3,116,277
28,987,848
13,705,700
Pottsville
499,850
24,092,915
+ 13.4
District—Philadelphia—
....I
Chester
469,447
+ 13.7
+ 16.7
112,696,692
12,701,104
+
36.3
141,516,386
+ 19.1
+ 18.7
+
3.3
+
20.3
+
15.0
T
Total
—
Federal Reserve
Fifth
W.
(17 cities)
District-^Richmoiitl—
Va.—Huntington
5,112,167
-
Va.—Norfolk
X/'-
XXXX
3,799,330
O.—Charleston
+
19.9
+
9,642,180
21,341,926
*
Md.—Baltimore
(9 cities)
Federal
Sixth
554,914,008
2,104,528
2,330,022
147,414,667
1,378,834,763
—.......
Reserve
1,103,235,620
27.5
+
+ 25.2
227,188,000
2,745,233.630
2,321,749,957
6,886,000
75,340,908
2,270,361
2,496,681
140,429,411
85,582,028
76,887,501
+ 11.3
119,986,119
72,326,656
2,757,000
41.981,349
9.1
1,921,040
1,590,233
+ 23 n
4.562,048,026
123,263,922
+ 13.9
105,557,247
65,132,651
7,"34+7419
"+~¥o
36,*5817305
30,354~054
246,263,701
+14.7
213,808,574.
142,393,617
—16.4
-
9.7
18,982,385
19,958,243
—
4.9
32.7
1,464,515,805
1,379,538,612
+
6.2
40,3267426
+ 25.0
10,429,593,339
8,814,746,456
+ 18.3
282,389,941
246,846,281
+ 29.9
—
+
"
3
45.6
27.410,685
135,356,363
+
4,831,880
5,779,298
+ 32.1
1,411,471,917
1,154,198',485
+ 22.3
38,627,111
468,500,000
+ 31.3
4,676,200,000
3,877,700,000-
+ 20.6
139,600,000
35,020,646
107,400,000
320,695,779
+ 18.0
86,658,777
90,443,928
+ 14.8
75,760,310
+ 39.1
80,798,601
68,092,643
66,755,925
+ 36.2
1,676,657,800
1.235,330,651
+ 35.7
9,031,092
167.378,744
+ 38.9
120,179,879
84,880,821
+ 41.6
+ 22.9
1,589,497,683
1.449,539,121.
+
9.7
58,570,273
19,757,098
+ 57.2
187,548,693
159,572,446
+
17.5
4,944,461
7,691,286
12,846,000
+
10.7
60,804,592
58,511,787
+
+ 13.2
111,701,000
101,459,000
+
+
30.5
89,201,724
-
.
,
Montgomery
8,511,018
Miss.—Hattiesburg
21,189,987
91,900,000
54,900,000
+ 11.7
+
—
2,173,895
4.2
6.9
1,923,757
—10.6
1,931,925
+ 40.1
2,335,974/
+ 11.3
23,448,000
—
1,354,89S
_
*2,100,000
*2,350,000
40,236,149
4 21.0
28,711,935
'
12,548,066
Ala.—Birmingham
4,620,890
29,898,870
+ 30.0
10.1
11,025,062
9,137,076
10,778,936
186,888.900
—
5,847,156
+ 10.3
3.9
14,546,000
Fla.—Jacksonville
9,344.613
7,960,201
20,047,164
-
——
*7,750,000
137,210,114
205,715,096
"
Augusta
Columbus
Jackson
—
14.9
+
178,755,887
39,912,928
—
Mobile
578,330
4,133,000
64,665,530
+ 12.5
83,088,826
5,612,634,844
950,452
8.6
+ 21.9
—
District—Atlanta—
......
Ba.—Atlanta
Tampa
+ 30.2
931,771
6,297,000
91,853,262
+
134,973,701
1
1,213,481
5.9
+ 18.2
615,200,000
Tenn.—Knoxville
Nashville
Macon
+ 11.4
,
+ 52.3
7,629,574
195,600,677
—
C.—Washington
Total
14.014,188
8,500,000
707,416,649
...
Frederick
D.
—
35,063,342
240,678,000
4.0
TO,024,322
Greenville
;
43,904,120
4.2
29,488,000
334,003,651
Columbia
fi.
+ 34.6
28,236,000
400.498,494
Richmond
~
1,0~27~454
.
17,470,000
'
.---r
..
39.101,022
;
■-
4,737,206
+ 49.8
35,227,933
20,517~574
4.4
2,993,931
1,801,360
+
13,648,886
10,461,470
Meridian
3,238,709
3,140,404
3.1
99,653,125
25,670,058
23,184,227
+ 10.7
Vicksburg
1,333,585
999,901
+ 33.4
8,261,453
6,871,273
+ 20.2
398,108
495,513
19.7
274,032
209,902
398,876,011
309,775,911
+ 28.8
3,170,236,382
2,441,689,852
+ 29.8
92,218,563
77,281,759
+ 19;3
59,652,552
34,795,537
1,730,163,324
1,334,613,882
+ 29.6
13,701,796,049
11,154,278,164
+ 22.8
366,130,167
324,363,353
+12.9
253,098,156
157,887,599
535,199
613,220
—12.7
464,596
403,037
4,702,188
4,651,316
1.1
3,678,489
3,25+948
2,~7*27~879
2~418~562
""+12.8
1,8Tl"457
lX4X750
-
Orleans
La.—New
Total
-
.
(16 Cities)
„
—
Seventh Federal Reserve District—Chicago—
Arbor
Mich.—Ann
2,402,595
2,002.051
+ 20.0
1.542,386,327
1,265,018,969
+ 21.9
23,452,916
17,884,784,964
8,159,160
6.076,525
+ 34.3
67,636,403
23,724,635
Detroit
18,134,591
+ 30.8
190,299,100
Flint
Grand Rapids
...
+ 20.5
5,327,520
.
Bay
City
Ind.—Ft. Wayne
South
+ 55.9
40,015,741
+ 49.2
128,854,955
106,191,241
5,399,282
+ 25.3
4,378,235
56,327,778
34,070,566
42,729,582
34,092,891
114,664,495
102,114,758
189,492,035
1,060,275,353
5.4
—
12,948,961
24,734,694
Bend
Haute
12,245,471
+
21,344,984
+ 15.9
214,623,580
144,441,057
Gary
Indianapolis
Terre
3,418,098
12,544,921
4,142,599
Muskegon
157,978,616
30,532,092
6,763,059
Lansing
119,162,585
+ 21.2
1,153,110,178
26.9
140,405,747
317,975,688
16,315,524
12,856,548
27,654,483
40,754,559
8,500,172
8,417,447
151,157,328
126,032,851
5.7
+
:+.
Milwaukee
Oshkosh
Sheboygan
Watertown
,
+
19.9
2,240,916
+
30.9
21,968,920
110,724,244
296,868,741
76,279,658
1,134,201,647
19,151,542
3,735,615
3,494,440
+
6.9
34,657,901
34,809,817
+
7.6
—
1.0
+
0.1
+ 26.8
3,874.349
3,170,600
+ 22.2
2,966,982
1,914,042
+
7.1
7,264,843
9,703,981
—25.1
7,482,968
5,733,066
+
2.3
31,829,955
29,024,812
9.7
25,oY7~045
I7X4X852
+ 14.6
20.8
7,072,453
6,223,206
+ 13.6
21,862,163
75,299,945
18,630,232
62,449,281
+ 17.3
43.8
56,112,394
+ 16.9
541,812,831
24,770,064
+ 20.0
259,257,200
2,000,013
1,713,274
+ 16.7
1,624,727
1,358,709
5.4
13,303,032
15,516,534
—14.3
7,143,259
5,619,111
12,293,320
5,337,357
"110,232,521
23.6
+
5.6
+
8.0
+
+
14.0
8,674,432
21.5
27,360,063
+ 10.7
19,674,401
22.2
17,471,033,694
7.3
56,432,312
55.390,193
+ 16.1
199,435,466
185,035,685
+
4.3
84,299,060
+
9.3
75,309,199
+
7.1
+
9.5
+
+
6,523,081
20.6
+
+
514,216,697
209,693,923
8,212,218
25,339,906
18,565,375
15,683,761,901
859,770
6,032,851
+
—
23,183,194
19,960,264
Rockford
8,316,790
8,688,855
Springfield
9,247,388
8,462,280
789,716
921,042
—14.3
8,021,518
80,922,846
70,398,561
7,324,787
4,302,727,048
3,544,079,262
+ 21.4
40,656,424,663
29,824,670,496
+
0.4
+
Decatur
(31 Cities)
—
+ 14.7
—
+ 28.6
2,125,941,536
.
1,529,024
15¥78"0OO
27,476,000
+
612,534
Chicago
.
2,329,494
24,949,000
3,040,401
28X4TOOO
12.3
+ 13.3
1,980,032
2,712,293
2,164,823
1,739,919,320
Peoria
7.7
T~2~4
2,806,473
8.8
+
6,870,037
797,939
Bloomington
Total
21.3
31,8
2,545,593
9,876,998
3,294,159
2,397,494
.
111.—Aurora
Sterling
+
+
-
29,726,405
City
+
+ 31.1
65,605,617
"
„
____L
+ 10.4
740,222
—-
Manitowoc
la.—Cedar Rapids
Des Moines
Ames
,
78,056,644
1,299,974,450
2,933,892
WIS.—Madison
Sioux
+ 11.5
+ 90.2
18,721,525
Jackson
'
21,024,941
9,400,887,566
61,250,961
—
+
+
27.1
+
4.5
430,775
376,370
+
16.3
369,083,473
242,634,683
+ 134.7
1,204,798
1,146,66$
8.6
4,601,850
3,513,202
6.8
1,999,958
1.140,409
+ 10.0
1,515,010
1,176,415
466,791,299
313,370,043
6.0
514,081
492,082
+ 11.4
418,690,808
360,094,448
1.9
5,358,658
2,282,992
7.8
5.081,979
4,679,273
4.2
2,172,342
2,034,584
2,372,683
2,156,337
538,518,741
474,687,527
+ 13.4
+
+ 36.3
4,394,349
+
+
THE COMMERCIAL
1570
-Month of
*vi
September-
1943
-Jan. 1 to
$
Clearings at—
Inc.
or
1943
-Week Ended Oct. 9-
1942
!
Dec. ft
Inc.
$
Dec. ft
Independence
Ky.—Louisville
Quincy
—
+ 21.5
6,295,965,721
5,215,196,016
+
28.8
42,048,344
38,208,472
799,133
+
5.8
7,211,342
7,499,058
251,408,146
+
22.2
2,578,151,449
2,163,677,056
+ 19.2
176,083,453
30.9
61,651,342
58,421,914
+
~+~~5~5
1.535,761,814
54,752,046
29,333,261
.62,104,882
2.7
71,635,643
—13.3
+
4,762,053
1,290,301,616
4,314,859
+ 19.0
525,143
68,311,738
36,460,398
4,694,000
3,699,000
+ 26.9
38,133,000
1,067,451,069
+ 23.2
10,502,033,723
Federal
Reserve
.
.
17,859,774
495,654
'
*
Falls
Great
..T—
I_IZ
41.0
16,863,000
14,247,380
TulsaTII—~
Colorado
-
Springs
Casper
28^2,154;
3,489,744
3,216,777
+
8.5
3426,679
2,463,664
^546,516
1
5,878,677
10,979,578
40,497,232
4.4
+
"345,061
913,643
+19.2
4.8
+
+ 40.4
+ 34r3
44,647,889
100,174,484
8,363,749
38,661,475
121,922,458
Federal
4,7
+
+15.5
49,012,173
40,581,694
172,888,215
151,801,338
+ 13.9
—31.3
3,838,586
3,332,952
+32.3
7,576,797,172
5,996,408,049
+26.4
756,735
+31.4
8,003,177
154,442,870
+37.9
1,243,018
"—19.2
2,724,563,678
9,576,949
1,512,137
—20.0
11,659,882
129,162,153
1,849,143,933
10,003,642
14,110,984
9,923,817
+46.4
113,396,829
96,849,115
22,218,423
+27,2
231,296,916
3,480,047
+20.0
737,119,713
+14.2
30,086,724
7,233,785,765
24,159,204
+
6.0
828,245
+
9.3
Y+ 34.3
470,774,998
40,636,204
1,992,389,039
.
15,217,470.
44,937,625
4,500,096
+93.1
114,657,477
Texarkana
239,618
3,379,281
+ 30.5
3,122,340
2,459,689
54,954,827
+ 40.5
42,859,957
28,153,999
—
4.3
3,832,487
3,310,466
+ 15.8
+22.4
7,669,041
1,881,109
1,853,045
5,231,634
+ 46.6
33,630,729
5,695,223,070
—10,5
4,434,990
2.783,041
+27.0
183^10,359
157^747,917
16.5
163,217,812
+33.8
5,771,556
122~434,531
95.314". 950
4,546,474
6,021,654
+ 26.9
5,893,395
3,696,828
3,162,737
399,815,952
40,701,251
.
+17.7
.
*—
1,535,851,735
0.2
1,073,451
947,799
"853,964
880,075
284,885,846
231,238,091
15,934,985
15,139,6/2
+
+20.1
13,294,174,532
10,217,433,029
+30.1/
+ 23.4
+ 13.0
+
33.7
341,753,564
7,214,578
378,751,000
33,393,598
+
102,895,238
84,174,891
+
76,015,930
57,808,634
3,154,246,923
+ 24.6
281,286,928
+ 21.5
19.0
24.6
2,653,439
2,493,364
108,180~532
91,857~Qb0
395,768,015
+
20.3
13,163,574
111,562,000
+
12.4
3,121,000
35.0
2,748,799,972
2,752,492
+
40.8
31,302,942
4,600,490
+
35.0
49,448,051
24,956,638
43,292,488
2,286,587
+ 34.6
21,056,902
25,110,090
19,829,220
+ 29.7
177,767,828
175,428,887
1,121,829,946
845,884,394
+
476,000,035
.
City
6,952,550
2,796,000
320,454,982
32.6
8,755,226,236
—,—.........
Ariz.—phoenix
Calif.—Bakersfleld
+ 14.2
—16.1
Beach
1,429,621
21.5
+ 23.5
72,815,837
57,204,773
22,757,000
18,958,000
+ 19.9
+ 17.2
2,985,450,779
2,344,575,389
43,575,606
r
27.5
62,999,783
+
24.5
1,042,275,350
+
31.6
225,758,818
+
+
San
Francisco
San
Jose
——
...
—
..—
Barbara
75,855,585
116,070,187
+
74.9
354,262,912
+
Stockton
40.2
59,544,565
135,345,558
3,727,305
1,023,114,063
+ 57.7
(19 cities)
(190
cities)—--—-
Outside New York
,7
-
44,767,493
125,854,077
35,364,417
-■
18.4
9,652,397,160
29.6
165.683,553
+ 71.5
58,104,139
9.7
162,923,849
132,238,301
50,877,557
123,025,245
+ 20.2
+ 27.1
377,872,897,575
+ 22.7
193,790,303,756
1,965,885,109
35,605,705,995
19,005,007,017
23,315,790,909
778,141
2,734,567
118,559,500
+ 13.1
97,231,230
60,703,083
YYv':YYfYYYf
+
18,816,624,003
87,682,333
!
■■■
70,203,061.
2,713,723
YY'
Y"■
\
:
"
.
24.9'
+
2,301,333
-
+17.9
60,826,999
-
.
34^526,oil
1,694,880
1,253,921
/
75,541,944
69,159,271
+
9.2
50,426,150
30,860,002
26,763,943
20.5
24,913,302
+
7.4
21,347,512
14,020,601
32.4
y
.
+ 10.0
1.4
+
+ 49.1
12,523,000
7,476,245
4 67.5
4,847,095
2,826,779
3,682,648
2,385,370
+
54.4
3,465,335
2,568,820
267,553,000
30.7
186,922,048
3,950,384
+ 38.1
+
7.5
+
26.6
8,080,373,845
+
4,684,254
17,166,759
2,362,438,605
45,241,493,053
+
18,299,014
18,827,478
+
+
114,455,369
237,619,243
43,130,210
+ 51.8
8,034,077
1,206,986
4,446,059
+ 44.6
68,982,029
15.8
6,384,353
1,210,879,937
23,712,738
.
27.7
—10.9
'
+ 29.3
864,661,288
170,497,230
+ 44.7
10,652,377
5,877,394
+
1,119,136
134,115,372
+ 27.3
8,951,239
-
1,778,000
+ 20.0
+ 16.9
25,470,402
■'-7,558*,891
2,631,000
+22.2
.
68.645.169
16,173,013
Riverside
26,289,494
11,060*057
9.9
6,250,000
4
5,567,206
+ 24.7
6,828,913
12,123,322
44,536,264
-
Pasadena
Total
+
+25.1
-
3,478,869,171
~6~0
+
—
.
1.3
+
.
2,790,172,410
56,329,945
7,367,262
14,043,580
■
Modesto
1,293,540
46,559*944
25.4
+
7,090,107,466
32,117,095
19.7
18,214,825
9,882,519
Berkeley
4.7
+
—
109,863,116
9,390,605
136,761,911
23,965,841
Utah—Ogden
Salt Lake
10,549,214
3,268,000
375,451,437
Ore.—Eugene
Portland
356,928,163
12,812,180
.
Ida.—Boise
4,308,235
427,066,327
8,697,420
-
2,203,246
75,683*882
+ 25.1
v
4,106,645
Yakima
6.4
+
2,840,000
3,437,936,268
-
134,957,187
"+17.8
n4,ooo"6bb
99,234,000
327,001,556
Twelfth Federal Reserve District—San Francisco—
Seattle
+ 23.2
+ 31.5
3,929,487,478
22.2
+
Wash.—Bellingham
527,141
620,775
180,036,293
3.0
—
+'t.
10,570,591
+ 23.2
*•
683,152
808,221
5.3
25,723,847
'
+ 13.3
+29.7
~
^
6,208,386
3,077,229
Cities)
+
2.2
+
8.3
+
81,810
188,980,171
+
—
115,165
+17.1
11,932,000
....
(11
+ 14.2
—17.4
2.7
1,732,309
1,326,657,558
273,567
4,410,032
47,552,282
La.—Shreveport
Total
+
77,191,389
'3,875,397
...
Falls
Wichita
Total
148,346,654
164,092,755
14,699,000
—
Arthur
Grand
+ 34.1
220,070,516
+42.4
—
39,749,701
Houston
.Santa
3,479", 524
441,532,311
Galveston
Long
1,039,398
4,987,837
5,118" 231
+19.6
34,087,916
8,152,842
Worth
lT08,648
9.1
5,583,676
+47.3
33,155,445
506,512,325
-
:+~~6.3
1
218,449,417
+18.6
4,444,591
Y
+15.5
218,716,574
59,253,816
Paso
1
District—Dallas—
——
iTl7,469
,
i
■
5,621,469
+25.3
235,867,554
,
13,045,092
+
+ 28.7
(pity—
1,875,270
—
Dallas
To 1,493
+ 15.2
776,576,845
L613,767
+20.8
+ 14.4
750,436
1,593,913,534
Reserve
:?
+12.9
21.7
+31.3
7,192,059
5,198,355
Cities)-
'
.+
..
19,758,032
4,138,301
..............
Beaumont
Port
50,417,108
■
+18.0
259,305,616
....
::::::::::::::::::::::
Texas—Austin
Ft.
+16.5
+46.4
60,367,182
.........
Denver
El
5,560,713
11,086,794
V 877,629
~
'
905,438
1
..
Eleventh
33^722,824
12,048,000
10,608,463
+
25,620,657
City
,(16
21.0
112,387,747
28,266,014
~
Joseph
Total
+
117,813,075
1,209,590
»
""
...............
Wyoming
39,187,476
+28.5
14,530,115 *
.
"
puewo
47,Vl6,267
+13.6
' '+15.1
+45.7
1,004,458
Carthage
Colo
3,005,341
75,153,753
3,556,254
994,650
..
Parsons
Topeka
Wichita
Okla.
3,811,353
99,944,252
16,858,010
842,000,665
Kan.'—Manhattan
St.
+ 12.6
+ 42.0
4,095,022
1,438,000
19,061,704
325,260,204
.....
....
Joplin
4,239,935
109,611,374
19,149,619
4,175,315
Omaha
Kansas
4,775.767
1,027,073,079
-
....
151,649,659
155,644,779
8,304,901
Tenth Federal Reserve District—Kansas
Lincoln
"556"6bo
238,439,784
—
9.3
+
22,607,706
——
cities)
Neb.-rFremont
676~000
0.8
;
+2:1.4
515,263
(16
"*+" 9~3
,
+31.4
,
+43.9
6,137,282
-
-
85,300,000
114,700,000
,
149,195,928
3,833,046,306,
<
15,038,805
1,456,104,955
+27.5
1,285,120
-----
Helena
flo
939~000
277,896,557
+ 17.8
'
+32.9
1,450,841
Lewistown
Total
163,118,120
13,083,174
■
—————
Falls
I.oTe'ooo
275,582,224
5,037,732,271
18,262,805
1,735,960,530
2,028,000
-
-
2
Mont.—Billings
4.5
+36.9
—
2,113,759
6,479,940
-
-
;
—'
21.4
9,971,940
1
12,809,642
D.—Aberdeen
Huron
2.7
+
;
"
+ 20.0
+
420,890
2,474,988
Mlnot
+ 10.4
1,720,340
219,168,681
Fergus Falls
Sioux
18,708,303
517,973,889
1,835,045
171,953,257
2,438,276
—
.
Paul
Winona
6,
14G,900,000
3.8
District—Minneapolis—
709,270,919
D.—Fargo
Grand Forks
150,800,000
10.0
+
8,750,619,077
.——J———
-
+ 20.7
—
31,422,000
1,315,418,698
...
Minneapolis
N.
1940
4,545,755
539,361
(7 cities)
Minn.—Duluth
St.
1941
or
Dec. ft
630,390,439
111.—Jacksonville
Rochester.
Inc.
8
5,854,706
845,604
307,224,904
230,417,677
—
—
Tenn.—Memphis
Ninth
;y|/ y:T
1942
765,842,446
Louis
Cape Girardeau
Total
Y, 1943
or
Eighth Federal Reserve District—St. LouisMo.—St.
Monday, October 18, 1943
Sept..30-
"
1942
$
t
& FINANCIAL CHRONICLE
+
19.5
+
25.3
5,572.707
204,731,000
3,618,879
+ 14.2
2,231,688
1,209,639
+
,
+
+ 32.4
4,753,605
4,295,062
+ 10.7
3,500,330
122,010,203
2,280,030
1,159,354
2,736,138
15,384,184,628
299,957,789,196
+ 22.3
489,018,591
8,629,452,574
390,293,162
7,949,191,341
+ 25.3
+
159,005,868,314
+ 21.9
4,284,209,178
3,707,072,184
+ 15.6
338,580,200
6,940,339,672
3,300,048,477
214,241,911;
4,460,293,892
2,152.512,142
+
26.0
,
+ 54.0
84.5
8,6
1,596,467
CANADIAN CLEARINGS FOR SEPTEMBER AND FOR WEEK ENDED
OCT. 7, FOR FOUR YEARS
Month of September
1943
Canada-
-Jan. 1 to Sept. 30—
Montreal
$
Dec. ft
706,387,404
—
Inc.or
$
Toronto
1942
572,039,810
+ 23.5
544,711,097
+ 18.2
643,803,825
Winnipeg
1942
+
$
6,122,171,928
5,848,975,321
$
166,519,320
884,986,086
2,703,204,220
+
3.8
222,577,014
210,914,455
11,751,536
(| London
:| Edmonton
10,107,394
+ 16.3
9,389,307
| St. John
■-'i Victoria
+ 43.8
8,502,112
10.4
1,725,632,102
0.8
168,517,339
154,272,255
—13.0
276,000,126
279,037,734
299,962,913
107,303,099
252,798,582
93,145,015
81,109,886
74,878,582
—
+
1941
$
+13.4
1,100,763,422
28,319,162
or
Dec. ft
188,784,721
74,158,818
3,420,820,560
17,560,408
32,791,004
Inc.
+ 24.2
33.6
17,422,677
S
4,710,243,449
+ 70.9
40,723,620
;YY
+
+
28,515,643
—
Calgary
$
145,734,720
+ 12.4
26,113,584
Quebec
I Halifax
1 Hamilton
Dec. ft
1942
185,306,794
183,085,587
2,493,393,856
1943
or
+15.1
113,418,793
259,233,740
25,145,979
346,296,863
—-
-Week Ended Oct. 7Inc.
5,319,849,730
127,446,450
Vancouver
+ 44.5
57,896,572
27.2
139,323,884
135,492,526
+ 28.1
1940
$".•;••
101,378,691
89,324,186
24.4
41,494,685
27,544,303
+ 50.6
56,994,678
19,707,010
+ 26.5
127,751,400
102,880,231
+ 24.2
60,488,465
+
5.5
7,972,422
5,913,554
+ 34.8
5,172,549
+
9.2
4,805,251
3.997.888
+ 20.2
3,650,170
1.1
8,264,446
3,326,747
7,569,968
+
9.2
+ 18.7
7,384,190
6,711,117
5,547,840
9.1
2,203,238
2,168,889
9.3
2,166,645
+
—
10,898,731
7,757,228
15.2
3,285,111
3,612,000
+-
8.3
'2,448,591
2,240,926
+
+ 40.5
—
+
53,077,065
17,173,897
40,179,937
5,298,949
7,208,043
1,988,661:
13,292,737
12,019,952
+ 10.6
122,326,463
113,458,465
+
7.8
38,306,950
—
1 Regina
3,886,926
3,359,875
+ 15.7
27,612,109
+ 38.7
3,012,452
309,690,081
244,288,694
229,486,563
+ 34.9
10,252,758
2,580,328
6.630.889
+ 54.6
5,234,987
182,228,373
4,836,180
+ 17.0
6,394,473
8,250,101
31,444,158
Brandon
26,916,112
2,519,784
1
Lethbridge
3,965,563
Saskatoon
9,515,452
Jaw/
Moose
•
312,963,129
_
Ottawa
1943
+ 16.8
2,484,493
•
+
3,124,268
+ 26.9
7,946,203
+
1.4
19.7
+ 34.1
8,313,552
7,105,970
17,996,518
+ 13.2
644,006
623,699
+
3.3
517,700
24,997,063
+ 25.4
861,078
703,834
+ 22.4
613,290
77,168,236
64,085,320
+ 20.4
2,360,852
1.120.974
2,145,999
571.067
+ 10.0
1,854,228
1,979,463
945,215
+ 18.6
729,033
762.068
+ 22.7
1,219,135
1,046,282
8.7
1,168,166
0.8
975,980
795,546
20,378,568
31,355,780
4,083,991
Fort William
3,535,747
+ 15.5
33,481,448
30,205,985
+ 10.8
4,902,582
Brantford
4,499,828
+
9.0
41,654,911
5.5
45,228,186
41,972,122
+
—20.9
32,101,710
8.6
1,486,966
1,212,092
1.5
1.348.975
1,241,457
—10.4
1,013,697
1,021,998
464,437
4,863,547
4,610,522
Westminster
3,559,936
4,498.962
Hat
2,177,812
1,886,274
+
15.5
Peterborough
17,476,725
12,709,409
+ 37.5
4,109,728
477,682
475,521
+
0.5
+
19.9
465,428
35,019,415
1,245,975
397,004
4,717,173
5,819,868
30,701,462
+ 14.1
Sherbrooke
3,426,367
4,485,387
990,330
+ 25.8
+
5.2
767,772
40,734,120
38,266,882
698,754
+
4.0
52,085,035
•49,476,353
+
5.3
1,680,370
1,318,659
1,306,194
+ 28.6
1.2
1,218,712
168,719,281
+
4.5
6,015,584
3,694,694
1,121,984
+ 62.8
+
20.3
629,303
592,239
1,207,005
2,794,905
+
3,201,408
544,379
1,101,093
970,768
678,023
+
11.1
869,527
805,627
+
8.3
New
Medicine
Kitchener
Windsor
Prince
17,779,179
/Y,755,129
Albert
Moncton
yf
5,341,727
5,597,722
17,999,103
2,190,860
4,752,321
+
—
+
42,610,272
+>
35,833,077
25.8
22,788,942
161,473,065
18,939,734
—
+
1,194,482
6.5
+ 12.4
49,240,059
3,736,277
43,204,946
+ 14.0
Kingston
3,476,249
+
7.5
Chatham
31,759,417
29,223,143
+
3,071,428
2,653,502
+
15.7
27,498,188
8.7
1,498,647
"
1,078,576
+
—
—
9.4
1,265,808
6.3
+ 24.2
805,929
857,033
443,922
889,763
Sarnia
25,630,830
+
7.3
733,963
3,869,101
2,249,011
+ 72.0
30,364,482
18,645,044
+ 62.9
Sudbury
1,007,076
4,978,909
4,739,682
+ 77.8
5.0
566,315
+
43,521,686
457,800
42,419,635
+
2.6
1,228,207
1,100,621
475,086
+ 11.6
1,003,212
1,031,472
+ 22.4
703,250,619
569,558,107
+ 23,5
472,608,623
358,943,850
Total
(32
cities)
•Estimated.
2,445,625,069
1,945,619,769
+
25.7
21,618,794,102
17,662,209,260
699,568
'
645,994
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4221
158 '
The
1571
Capital Flotations in the United States During the Month of September
and for the Nine Months of the Calendar Year 1943
1943
disclose that the total for the month
for
The greater bulk of this financ¬
aggregated $65,040,000.
way
Sept.
on
The month's total
9.
and $463,343,276
money
sions footed up
com¬
resented
Of the $65,040,000 reported for the
was
for refunding.
was
"$1,750,000 Ampat,
Sold
Inc.
1942 the total corporate emis¬
and $55,165,000 or 84.82%
•
principal issues for the month
Short-Term Bonds and Notes
rep¬
Texas Utilities Co. 1st mortgage series A 3 Vss
for
was
-V
.
re¬
,
I.'
V-'.'--'
■;
-
*$500,000 Arkansas
'■
Municipal -financing for September aggregated $20,-
530,38$, the smallest monthly
pares
due 1973
$17,000,000 Iowa Power & Light Co. 1st 3V4s due
total for the year, and
series
'%■%'V
-
New
For the
due
York,
to
Aug.
1948.
27,
$756,887,942 in 1941.
$29,412,000
34.6%
or
June; $1,770,000,
April;
in
July; $29,450,000,
$32,800,000;
ors 34.3%
in
ary,
March;
or
for
1941,
showing
the
different
monthly
undoubtedly be
or
is
computed
stated
.
January-.
>2,798,000
February-
-
financing
par
Refunding
$
$
S
158,049,090
85,128,964
72,920,126
10,315,000
Lives
52,928,677
value
par
value
taken
are
all classes of
and
at
while
par,
pre¬
stock are
common
prices.)
UTILITIES
Electric
■
Total
INDUSTRIAL
OTHER
$
275,687,665
328,616,342
1,865.000
56,943,229
on
Co. 35,000 shares of cumulative pre¬
ferred stock, 4.40%
series B (par $100).
Purpose, re¬
funding.
Price, 105.25 per share.
Offered by Smith,
Barney & Co.; Spencer Trask & Co.; Central Republic
Co., Inc.; E. W. Clark & Co.; H. M. Byllesby & Co., Inc.;
Wurts, Dulles fe Co.; Boenning & Co.; Bioren & Co.;
Janney & Co.; Schmidt, Poole & Co.;
Yarnall & Co.;
Biddle, Whele.11 Co.; Kay, Richards & Co.; A. E. Marten
& Co., and Sheridan, Bogan Co.
-*1941New Capital
Total
no
their offering
Pennsylvania
(Revised to Date)
13,195,000
56,708,875
18,900,500
75,609,375
46,549,770
227,012,100
95,390,457
79,085,120
39,209,300
118,294,420
86,634,370
115,287,655
$1,040,000 Arden
273,561,870
38,447,228
201,922,025
11,330,000
March.
7,517,000
Refunding
Capital
of
a
PUBLIC
$3,500,000
'
1943 AND 1941
-t. 1943-——
-1943New
at
of
from
necessary
,%'H
Total
stocks
ferred
brought to light in annual reports and other places.
SUMMARY OF CORPORATE FIGURES BY MONTHS 1943,
Refunding
stocks
(Preferred
of
amounts
time to time, particularly as additional private
36.3% in February; and $9,500,000, or 92.1% in January.
New Capital
Insurances
81,000,000
tabulation of figures since Janu¬
a
of the; 1943 figures will
14.2% in
$8,500,000,
present
we
corporate financing as revised to date. Further revisions
in
23.4%
or
$13,600,00d,
2.4% in May;
or
due serially
privately to
and Granting
5-year notes,
refunding.
Sold
Purpose,
Co.
Stocks
Below
9.4% in August,
or
bonds 214%
to facilities.
of
mtge.
additions
to Guaranty Trust, Co.
Central Hanover Bank & Trust Co.
and
Pennsylvania
Annuities.
footed; up $364,400,797 as compared with $450,219,116 for
250,000 (comprising five issues), or 21.9% of the month's
$9,650,000
Purpose,
privately
Privately placed issues for September aggregated $14,-
This compares with
1st
Co.
Power
1945-47.
Sold
par.
"500,000 Pennsylvania Electric Co. .2Va%
nine months municipal issues
the first nine months of 1942 and
Louisiana
C,
Price,
com¬
with $28,167,487 in August and $23,195,332 in Sep¬
tember, 1942.
1973.
total.
(Issues Maturing Up to and
Including Five Years)
PUBLIC UTILITIES
■'
i
$18,000,000 West
were
$298,431,684
purposes.
Co.
Insurance
Life
■
for refunding purposes.
was
and
corporate
Purpose,
Mutual
to
For
$899,484,400, of which $601,052,716
financing
new
loan.
10-year
privately
funding.
1942.
month, $9,875,000 or 15.18% represented new financing,
and
new
with $101,714,704 for August and $58,882,086 for
pares
September,
The
aggregated $665,272,885, of which $201,929,609
the first nine months of
ing was completed before the Third War Loan bond drive
got under
OIL
Total corporate financing for the first nine months of
compilations of corporate emissions for the month
Our
of September, 1943,
Farms
(no
share.
per
26,000
Co.
stock
ferred
ferred stock
in
shares
Purpose,
par).
Offered
of $3 cumulative pre¬
refunding.
Price, $40
to holders of pre-
subscription
for
ratio of
■X*-
MANUFACTURING
AND
one
new
share for each 2'/a
-
.
shares
held.
First quarter—.
71,071,229
118,900,457
208,714,121
143,238,764
97,114,003
18,527,000
186,112,817
115,641,003
617,987,420
804,100,237
39,469,665
351,952,885
95,686,940
47,829,228
107,180,735
146,650,400
Farm Loan and Government
April-
74,902,000
20,784,940
;
109,648,100
May-,
28,620,611
44,743,680
,73,364,291
103,841,600
5,806,500
63,874,177
June-
29,999,425
95,812,568
125,811,993
76,827,430
61,685,570
138,513,000
90,916,785
363,802,103
194,260,627
417,673,232
380,373,444
1,035,660,652
Agency Issues
Intermediate Credit Banks
0.85%
debentures,
1, 1943, due July 1, 1944.
Purpose, refunding.
par.
Offered by Charles R. Dunn, New York,
611,933.859
715,754,988
$23,900,000 Federal
1,416,034,096
197,102,123
260,976,300
113,390,374
204,307,159
dated
Oct.
Price,
fiscal
Second
79,404,976
215,458,248
294,863,224
277,783,033
86,019,070
150,476,205
263,287,476
413,763,681
486,497,154
229,257,834
quarter-
agent.
Issues
Six months
Not
t$129,250 Adams
Representing New Financing
par).
22,403,704
79,311,000
55,165,000
51,453.404
200,055,800
201,929,609
463,343,276
6,018,000
64,618.000
30,436,500
58,882,086
114,555,562
69,173,850
601,052,716
251,509,204
Nine months-
58,600,000
65,040,000
quarter-
47,069,170
28,445,586
101,714,704
9,875,000
665,272,885
August-—
September
60,229,326
27,509,976
84,754,500
19,174,700
32,719,350
2,434,300
65,579,800
July
86,628,380
327,402,743
74,427,157
401,829,900
34,264,713
161,391,300
195,656,013
183,729,412'
408,736,626
322,446,837
731,183,463
298,431,684
899,484,400
789,110,070 1,358,107,489
2,147,217,559
43,845,700
46,280,000
garten
133,697,550
Express Co.
Price, $11%
&
^0.
$10).
(par
&
103,661,200
97,050,220
6,679,000
November.—
December—
.
Merrill
by
13,530,876
20,209.876
89,427,250
42,384,100
66,328,990
81,046,000
80,002,863
59,061,554
'139,064,417
23,830,310
Twelve months
624,883,026
123,705,566
147,535,876
198,495,874
273,091,313
♦Revised.
t971,875 Deere
and
As the detailed figures
%%*■%%%
usual summary of Treasury
Dillon
available it will
is
this information
financing.
&
&
As soon as
Co.;
Quail
be given in these
&
Marks
Redpath;
omit
Glore, Forgan & Co.; Shields & Co.;
Co.;
Pressprich
M.
&
Corp.
78,500 shares of
$42% per share.
Offered,
Fenner & Beane.
' ^
shares of
Originated
Co.
25,000 shares of common stock (no par).
share.
Originated with Reynolds & Co.
Co.
&
$387/8
per
Brothers.
Lehman
Bosworth,
&
Loughridge &
Chanute,
& Co.;
Co.;
Nolan & Co.,
Folger,
Yarnall
Inc.,
give complete details of the capital flota¬
September, including
&
issue of any
every
Co.
&
1973.
Co.,
Electric
Inc.,
and
1st
Co.
Cooley
&
bonds,
mtge,
refunding.
Purpose,
Eberstadt
&
Co.,
y
.
Power Co. 450,000 shares of common stock (par
Price, $24,625 per share.
Offered by Bly.th & Co.,
Freres & Co.; A. G. Becker- & Co., Inc.;
11,081,250 Idaho
Inc.;
Brush,
Slocumb
Co.
tenden
&
(Inc.);
Goldman,
Mellon
Sachs
mtge. bonds, series A,
Securities Corp.;
&
Co.;
Kidder,
Glore Forgan
Peabody
&
Co.;
& Co.;
6,000 shares of common stock
share.
Offered by Blyth
per
t52,537 (Charles E.) Hires Co. 4,090 shares of common stock
(par $1).
Price,
$22,625 per share.
Originated with
Smith, Barney & Co.
Price,
Co,
1st
Co.
Co.
Inc.
3Vs%,
due Aug, 1, 1973.
Purpose, refunding.
Price, 102.46 and
int.
Offered by The First Boston Corp.; Harris, Hall &
18,000,000 West Texas Utilities
brought out in that month.
Lazard
Boettchei
Bosworth, Chanute, Loughridge & Co.;
Co.; Central Republic Co., Inc.; Crut¬
M. Dain & Co.; Davis, Skaggs & Co.;
Robertson & Pancoast; Elworthy & Co.; Ferris
"
Lazard
DeWar,
.
&
Co.;
Co.;
&
J.
Freres & Co.; E. H. Rollins & Sons, Inc.; Stone & Webster
and Blodgett, Inc.; A. G. Becker & Co., Inc.; Eastman,
Dillon &. Co.; Lee Higginson Corp.; F. S. Moseley & Co.;
During September, 1943
&
Shields
& Co.;
Co.;
Details Of New Capital Flotations
Mitchum, Tully & Co.; Murphey, Favre & Co.; Pacific
Co. of Calif.; Paine-Rice «fe Co.; Rauscher, Pierce & Co.,
Inc.;
Schwabacher & Co.; Chas.
W. Scranton & Co.; ^
Long-Term Bonds and Notes (Issues Maturing Later Than
Years)
Co.;
R.
A.
William
N.
Underwood
&
Co.,
Inc.;
Boettchey and
Co., and Pacific Co. of Calif.
P.
!
Graham, Parsons & Co.; Hallgarten & Co.;
Hill Richards & Co.; J. J.
Harper & Son & Co.;
B. Hilliard &
& Co.; Tucker, Anthony & .Co.; White, Weld &
W. E. Hutton & Co.; Dean Witter & Co.; Rauscher,
& Co., Inc.; Bacon, Whipple & Co.; Dallas Union
Trust
Co.; Mahan,
Dittmar & Co.;
Walker Austin &
Waggener; Bosworth, Chanute, Loughridge & Co.; Dewar,
Robertson & Pancoast;
W. A. Jackson; Smallwood and
„
Hardgrove;
Wm.
Pierce
Five
5
Co., and Shields & Co.
147,000 Great Northern Paper Co.
(par $25).
Price, $34.50
and
$20).
kind
Pierce,
Radio & Phonograph Corp. 175,000 shares of
capital stock (par $5).
Price, $12 per share.
Offered by
F.
Putnam
3Va% series
lGGVa and int.
Offered by Salomon Bros, and Hutzler; Wertheim & Co.;
Stroud & Company,
Inc.;
The Milwaukee Co., Weeden
due
during
Trust
Price,
par).
2,100,000 Emerson
R. W.
Equitable Securities Corp.; Laurence
& Co.; Auchincloss, Parker &
Co,;
Co.;
Cruttenden
4,000,000 Pennsylvania
columns.
Below we
Blyth
by Kidder, Peabody & Co.; White, Weld & Co.; Eastman,
of the Third War Loan Drive
not available at the time of going to press, we
tions
by
f343,000 Dome Mines, Ltd. 14,000 Shares of capital stock (no par).
Price, $24Vz per share.
Originated with Carl M. Loeb,
.■
Treasury Financing in September
our
&
471,587,187
1,062,201,383 1,556,603,363 2,618,804,746
Rhodes &
are
(no
Lynch,
Shields
with
Price,
422,137,250 1,047,020,276
Offered
1474,855 Commercial' Investment
Trust
Corp.
11,206
capital stock (no par). Price, $42% per share.
1
fourth quarter
share.
per
131,811,350
14,717,010
Investment
stock
common
200,711,420
$21'/a
Price,
Inc.
Co.,
7,355,875 Commercial
'
1
6ommon stock
172,000 Art Metal Construction Co. 8,000 shares of
.
October——
11,000 shares of capital stock (no
per
share.
Originated with HallShields & Co.
1198,887 American Stove Co. 11,365 shares of capital stock (no
par).
Price, $17Va per share.
Originated with Shields
&
Third
and
Co.,
Son.; W. E. Hutton & Co.; Kebbon, McCormick
Kidder, Peabody & Co.; McDonald-Coolidge & Co.;
Shields
Co.;
& Co.; Shuman,
William R. Staats
Daly,
Co.;
&
consin
RAILROADS
Co.;
&
Edwards
Wyeth & Co.,
Co.;
Agnew & Co.; Smith, Moore
Co.; Sutro & Co.; Wegener
Whiting, Weeks '& Stubbs,
Harold E. Wood and Co.;
Inc.;
&
&...
Inc.; The Wis¬
Woodard-Elwood
and Morgan,Stanley &
Co.
$40,500,000
$4,000,000 Baltimore
&
Ohio
RR.
3%
equipment
trust
certificates,
purchase of
3% according
& Co., Inc.;
Otis & Co.; A. C. Allyn & Co., Inc.; Hornblower & Weeks;
E. H. Rollins
Sons, Inc., Dempsey-Detmer & Co.; First
of Michigan Corp.; The Milwaukee Co.; Hirsch, Lilienthal
Jlj Co.; Schwabacher & Co.; Stifel, Nicolaus & Co., Inc.;
series
M,
due
serially
1943-1953.
Purpose,
IRON,
equipment.
Priced to yield from 0.70% to
to
maturity.
Offered by Halsey, Stuart
[he First Cleveland Corp.: Kebbon, McCormick & Co.;
Atfied O'Gara & Co.; Singer, Deane & Scribner, Stix
&
!
..
Life Assurance
Annuity Associa¬
tion of America, and Provident Mutual Life Insurance Co.
of Philadelphia.
17,000,000 Iowa
Mutual
Canada;
Power
due 1973.
refunding.
&
Life
Insurance
Teachers
Light
Co.
1st
mtge.
&
bonds,
3!4 %
108 V2
and
int.
Bell
Lumber
Co.
(par
$5).
Price.
$6V4
Co.;
and
:
E.
H.
Rollins
Wisconsin
&
Sons,
Inc.;
G.
H.
Walker
.
&
195,003
of common stock
Offered by Lehman
shares
share.
per
Brothers and Wertheim & Co.
Service Corp.
of N.
J.
5,025 shares
preferred stock (par $100).
Offered
Blyth & Co.,
of
8%
cumu¬
Price, $123 per share.
Inc.
Century-Fox
Film
Corp.
35,000
shares of
stock
(no
par).
Price, $23 per share.
Or¬
iginated with E. F. Hutton & Co. and Shields & Co.
t805,u00 Twentieth
& Malting Co. 15-year 3 V2 %
sinking fund
debentures, due Aug. 1, 1958.
Purpose, refunding.
Price,
102% and int.
Offered by Schroeder, Rockefeller & Co.,
Inc.;
Loewi &
Co.;
Eastman,
Dillon &
Co.;
H.
M.
Byllesby & Co., Inc.; A. G. Becker & Co., Inc.; Central
Republic Co., Inc.; Lee Higginson Corp.;- The Milwaukee
,
common
t775,552 Youngstown Sheet & Tube Co.
stock
(no
par).
with Smith, Barney
Co.,
Price,
$36%
21,248 shares of common
per
share.
Originated
& Co.
Co.
$26,816,407
1,250,000 Republic Drill &
;
$3,250,000
Tool Co.
10-year convertible debentures,
Aug. 1. 1953.
Purpose, refunding ($125,000); working
capital, ($1,025,000); retire bank loan, ($100,000).
Price,
100
and
int.
Offered by Wyeth &
Co., and Bond &
Goodwin, Inc.
due
series.
Offered
1,128,751 Long
$2,000,000 Froedtert Grain
Purpose, acquisition of properties, ($1,000,000);
($16,000,000). Price,
»
MANUFACTURING
Sun
Co.;
Insurance
ETC.
lative
;
of
COPPER,
618,075 Public
OTHER INDUSTRIAL AND
*
-
Co.
COAL,
Rolling Mill Co. 3 ¥2 %
debentures, series M,
due June 1, 1958.
Purpose, refund RFC 4% note to Sheffield Steel Corp. of
Texas, advanced for plant construc¬
tion.
Sold privately.
;
...
PUBLIC UTILITIES
*$1,500,000 Arkansas Louisiana Gas Co. 1st mtge. bonds, 3V2% series
D, due 1948-53.
Purpose, additions to facilities.
Price,
par.
Sold privately to Equitable Life Assurance Society
of the U. S.;
Metropolitan Life Insurance Co.; Massa¬
STEEL,
$10,000,003 American
CoH^Walter Stokes & Co., and F. S. Yantis & Co., Inc.
chusetts
1462,500 Ingersoll-Rand Co. 5,000 shares of common stock (no
par).'
Price, $92Va per share.
Originated wtyh R. W.
Pressprich & Co.
In the
we
comprehensive tables on the following pages
compare
the September and the nine months' figures4"?
with
those
years
preceding, thus affording
for
the
corresponding periods in the four
a
five-year comparison.
Total
$
-
41,250 53,0 0 50 , 0 1,9,150
"
:;l
80,1950 50,8 0 8,30,35 139,4835
Refundi g 26,8950 53,0 0
$
-193
-J 13,765.0 21,790 1,60,0 360, 0
Total
96,214 50 60,8 0 24,03498 18,07648
>
Refundig 70 ,0 21,650
—193
60 ,0 230,6
370,6 41,250
3,0 0
3,70 . 0 26,8950
3,0,0
9 ,150
50, 0 53,0 0
50, 0 53,0 0
1,60 , 0 1,69,150 13,7650 25,09 0 1,69 ,150
360, 0
5,30 0 96,214 50
70 ,0 0
230, 0
53,70 80,1950
24,9650 60,0
"
^
Capit l 14,320 "s'o .o o 1;,9,150
125,0 0
Capit l 13,065 0 1,0 0 130,60
16,09150 9,50, 0 15,70 145 41,6925
New
New
.
C'
9 ,150
14,320
.
1,60,0 1,69 ,150 13,065 0 125,0 0
130, 0
T,09,150
"■
1,60 , 0 16,09150
.
Total
$
127,30
836,0 3,90 , 0 1,5 8250
Refundi g 63,57895 836,0 1,79,80
Capit l
63,728015 2,70,20 1,58,250
525,0 0
5.4 8,250 3,4760 64,9510
23,94 250 875,0 530, 0 9,825,0 13,60125
836,0 0
836,0 0
97 ,80
20 ,0 0
1, 79,80 7,90 , 0 46, 30
7,~274,85
490, 0
3,50 , 0 65,94785
3,078,450 875,0
325,0 0
4,278,450 25,760 18.521,0
16, 9465
875,0 40,0 0
6,325,0 68,0645
5,07 ,52
6,04,8
6.50 , 0 17,635013 41,8970 10,2 5
$
-1940
13,85 0 3,79,213
195,6 013 26,95 0 51,3 17 273,96184
Total
Refundi g 15,810 5,398,30 1 2,0
16,3910 26,95 0 20,75 0 209,1205
$
178,021 0
,
New
Total
New
Total
15,810
2,498,30
3,012,0
5. 10,3 0 34,8 70
102,9830
8,50,0 "230, 0
1,0 ,0 2,140
2.572. 5
3,052,48
6,50 , 0 12, 4.713 7.06 .0 7,92 , 25
801,0 0
48,560
6,925,0
3,501, 86
305, 0 801,0 0
34,26 713 30,57 421 64,80134
Capitl 7,06,0 5,30, 0
58, 2086 18.40,0 23,19532 50 ,0 0
Total
30,4650 18,40 0 6,56,15 50 ,0 0
$
$
$
18,0950 8,562,50 1,863,586
28,45 86 16,39167
59,0 0 1,0 ,0 4,50, 0
65,04 0 23,90 0 20,53 82
Refundi g 50,1250 50 ,0 4,50, 0
10,9748Governmt. GONRCOISURETUPPFNIWHIAEED
455,08,892763 tFaheogdenfrcayl
109,47382 fmruanoicpanltesy
5,16 0 23,90 0 10,8 0 89,14580
$
and
$
1,390, 0 35,76 0
&-
—- Refundig 29^30,
$
—1942
Capit l 1,390, 0 6,435,0 10,9450
$
New
Total
—1943
$
4,0 ,0 40,5 0 10, 0 3,250, 0 1,750, 0
1,5248
230, 0
7,50 , 0 34,26 713
10,42608 1,390, 0 42,690 14,01 86
801,0 0
58,;2086
29,306 "365, 60
801,0 0
30,4650
18,0950
10,5 0
16,3910
30,4650
New
2,7820 1,674,0
10,42608 1,390, 0 13,60 13,695 86
$
9,375,0 50 ,0
9,875,0
New
10,49582 20,34582 bytobained
SUOM AFRY
CHAARNTDE
6,9250 3,50186
59,0 0 1,0 ,0
50,1250
50 ,0
50 ,0 0
1, 25,0 1,750, 0
9,375,0
50 ,0
50 ,0 0
Capit l '4^0 ,0 2,50,0
$
3,50 , 0
623580,,04,44565
4,5 0, 0 4,0 ,0 45,0 0 10, 0 4,290, 0 1,750, 0
1,0 3,50 1,04
Refundi g 38,0 0 10, 0 2,15,0
States
Capitl
34~ .48 1,904, 0 7,50,0 195,6 013
\yV
19,70 1764,0
—194 R" efundi g 34,8 70 9 ,60 0
2,140 8.457,0 3,67213
Refundig 30,4650
Capitl
41,8970 104.95,0 28,70 "904,0 0 LO .O 178,02
$
1
STFMOSFEYHAPNIVREABR
LGFOAVFTMSEOIFNREUANPHMICVDRPTBRG,
$
6,0 ,0 63,728015
New
48,56,0 8.562,50 1,863,586
Capitl
1942-
4p,0 0
:
$
-194
YEARS
4,058,250 875,0 0
,
Capit l $ 25,760 18,5210 13,59105
Total
CFOORRPEIGATN,
836,0 0
$
65,94785 45,23602 13,250 67
$
New
-1943
836,0 0
Total
13,60125 26,0 0 24,1905 3,20,0 18,943 5
$
-1940
3,4760 64,9510 19,05 0 "536,0 0 9,30,0 127,30
Refundi g 7,90,0 46,30 5,48,95 "490, 0 3^0,0 63,57895
16,09150 26,0 0 69,3265 3,20,0 23,19 02
1,04 ,0
4,5 0, 0
42,0 0 10, 0 3,165.0
4,0 ,0 3,0 ,0
New
5,160
>
1, 25,0 1,750, 0
9,875,0
SEPTMBR bonandotseds bonandotseds : '•bonanodtesds stock_ corpate-GovernmtforgeoviegrnmntGaagnvdci,es"■M&unicpal—tS.es,SPotsaeeisn toal fdifingunculoroedstes SEPTMBRBNooatneds-s utiles cceooptal,r,mnuf acesori indamuasnnutrfdctlrig -U.bueildtncgs,:. thtrroauelddstiinncgg.,,,Miscelanous BNootanesd—s utiles cceooptal.r,,manufces oriiUndaumsannturfdcltrig bueild~tncgs, tthrroauelddstiinncgg.,,M,icelanous utiles cceooptal,r,manufces oriindamuasnnturfdcltrig bueildtncgs, thtrruoaeldsdtiincngg,.,M,'iscelanous 1ut:iles. cceooptal,r,manuf acesoriindaumsannturfdctlrig buieldtncgs., ;:tthrruaoeldsdtiincng.g,M,,iscelanous coserpcuraitte
OF Long-termShort-emPrefsrtoecdkComstoocnk Long-termShort-emPrefsrtoecdk Comstoocnk Long-termShort-em Prefred Comstocokn
DomesticCandian- foreign—
MONTH
Corp ate—
Other
Total
Can dian Other Loan
Farm
Grand
United
"These
OF
MONTH
Long-Term Railroads Public Irson,te l, Equipment Maotnords Other
Oil
Land, Rub er
Ship ing Investmn
Total
Short-Tem Railroads Public ste l,Equipment Maotnords
Iron,
Other Land, Rub er
Ship ingInvestm n
Total
Stocks- Railroads
ste l,Equipment and
Public Iron, Motors Other Land, Rub er
Oil
Ship ing Investm n
Total-
Railroads Public Irsoten,l,Equipment Maotnords Other
Oil
_ Investmn
Land, Rub er Ship ing
Total
.Total 1,38.065 78.10,
S
-
i
;
.Y
146.0894 56,8 598 79,50 0
1,67932458
:
1.086,73 9
-193
Refundig
74,30 0 127,683 7 365,18 79,50 0
67,50 0 903,21 60 450, 0
1,906532
1,36857,34 1.257,8325 149,73210
$
450, 0
Total:-JW-. 1,470953 35,71.0 147,92 0 52,49853
Refundi g $, 24,561.0 107,8.96
1,735420 3,2 42
241,7820 302,7641 3,20,0
:v
X'
New
-
.
~
V
•
Capitl
>
;
4.0 ,0 756.8 ,942 1,50 0
To-tal 1,904 3.70 37,540 18.730,25 23,789.034
1.857930
'
r-
Refundi g 1,2863412 18, 965 109.75 32 802,380
Capit l $*'■, 675,4802 18,67253- 71,90593 2,98654
426,871364 1,50,0
24,7586139
-
$
421,875
72,39.475 2,0,0 107.65840 16,80462
Refundig 287,36290 1.0 0 7,402,84 2,692,570
Capitl
$
New
421.875
485,063185 1,20. 0 10.25 84 14, 207
50, 0 74,30 0 126,47 96
-1943
526, 0 38.0 ,0 54.69,34 26,0 542 20.5,0
65,27 85 90, 0 320,8 0 364,079
Refundi g 39.28,03 15.0, 0 32,91793 3,568, 0 18.0 ,0
463. ,276 90, 0 305,460 25,018
132,97.1 2,50. 21,70450 2,497862 2,50, 0
201,9 609 15,47 0 139,8 16
s
$
'
Capit l
New
5,0 .0 910, 0
2,6 1,0 14,0 0
13,0 . 0 35,710 96,35 10 1,935,0 5,40,60 53,674 875,0 1,40,6 2,530, 0 38,10 659 20,17643 269.740 68,091 263,490 6,250 5,40 0 143,50 74 132.750 7.98,0 1.40, 0 2,530, 0 1,350 208,4569
5,0 ,0
2,561,0 14,0 0
3.0 ,0 24,5610
SOUM FARY
70,619 1,306 0 2,45021 1,530, 0 14,5X107 10,4 238 175,94.602 52,14.82 25,80. 1.306 71,90197 19,50. 7,138.0 1,530, 0 6,920X37
10. ,0 1,0 0 25,684591 1,935,0 4.094,6 31, 726 875,0 1,40.0 1,0 ,0 23,65. 2 89,762405 93,28.39 15,8639 7.640, 0 6,250 4,094,0 71.53,27 12.6750 859,70 1.40.0 1,0 ,0 1.350, 0 14,53862
250, 0
305,4920 1,074390 68,50 0 6,938,0 150,6280 125,70 26,0 0 50, .0 10,2 0
1,904 370
5,0,0 2,350. 0 7.0 .0
204,50
2X0,60 37,54 0 18X92,70 73,198 2
1,2863412
5, 0 , 0 9 0. 0 7,0 ,0
150, 0
5,241965 18, 965
675,4802
1,360. 0
54,50
$
•
Refundi g 103.75,0 750,6 0 62,40 0 3.498.0 107,3 517 74,2 0 25,013 0 4,60 0 . 57,28.95
$
1941-
,
;
$
98 ,0 250, 0
201,780 320,8790 6,10,0 3,40. 42.83,283 5,40,0 42.9105
50.93
New
13,72 87 205,1935 310,920 1,92356. 0 75,0 0 6.938,0 23,56 12 125,70 26,0 0 50, .0 250, 0 136,4782
97X31,95 13,0 157
10,5621 109,250 849,1275 69.40, 0 3,4980 120,5 .674 74,2 .0 25,013. 0 4.60, 62,53086
17,25803 18,67253 21,06.75 60,18.65
13,72 87 94,5724 201,870 34.2865 6,10. 0 3,40 103.5438 50.93,0 98.0 5,40. 0 250, 0 73,906. 7
f
$
THE
95,0 0
35,14.850 30.783,0 2,0 ,0 3,0 ,0 249,850 128,30 5,47,50 ^w 18,20 0 72,81350
'I
w
_
'
2, 0 . 0
—1942
ISUE
36,84,790 60,12 0651,0 ,0 2,53 , 209. 21,875
3,402,8 4
1,20 , 0
40 ,0
Refundi g 5,95.80 21.483,0 45,138640 19,25.0 3,42,50
1,0
CORP ATE Capitl 29.10 18,29 0 2,0,0 3,0,0. 204,71360 108,37450 2,015,0 95,0 lTBOrbp
1,20 0
$
~~
New
Total
$
520, 0
103,490 235,1870 13,250. 158,0 0 17,0 0 7,21,0 2,05,0
9,7 3,0
287,3690
54468,5,1006
AGONRNEUPFDIW
Refundi g 63.18,0 20,79 0 10, 0 108,456803 7,0X65 1793.65
$
-1943
520, 0
Capit l 40,2560 14.08, 0 3,250, 0 49,53197 17,0 0 150,0 2,05,0
8,0 ,0
$
New
95.0 0
35.145,80367, 7902,0 ,0 3,0 ,0 309,7106514,50 05,4 7,50 2.53 ,32028,12 ,875
2, 0 , 0
1,0 ,0
^
95,pO
3,48196 57,428 95 15.0 0 2.53,20 5,921.875 14,367 5 29,10. 15,781 6 2.0 ,0 3,0 ,0 26439.85 124.57 0 2,015 0 2,53,20 23,71875
IN
CHAR TE
128,045 40,6380 92,6106 94,0 0 23,92 04 170.26,53 5,49.0 12.75,0 97,460571
5.468,304 2,0 ,0 2,680, 0 56,80 23 1,275,0 10 ,0 213,90 6,35 ,451 74,89 483 60,2350 51,7943 1,50 3,90 . 0 2,680, 0 89.54,012 56,48 7 3,861,0 213,90 2.0 .0 28,70541
2.50,0 4,510, 0
GLAFMOUVNERICMDPT,30 i— agencis 315,0689745,1386'739760252ifbnSucoftmalrtFuanodheiiycnegdepsdslerysl 30 :;. : manufctrig„ Notes- manufctrig
& — hoeldticng., hoeldticng.,
CFOORRPEIGANT,
Total
1,53,571
10 ,0 0
Total
50 ,0
601,52716 73,950 30.15,420
1,460, 0 5 0, 0
365,18
910, 0
Total
298.431,68 30.5,0 150,689
$
-1942
9,0 ,0
New
50 ,0
89,4 0 403,9850 450,219 6
52,0 0 78,10 13.6 ,10 2,0 ,0 2,680,60 57,12016 1,275,0 10 .0 213,90 7,891,02 20,94803 10.873,0 974,1540 106,5 0 3,90,0 2,680. 0 13,54126 27,35.0 9,35,0 213,90 14,75 0 126, 02
859,70
Capit l 93,2839 89.26,397 5,705,0 6,250, 0 40.296,015 1,80 1,350. 0 107.82,07 356,74058
$
Capit l
FETMSNFI3OAHIDPVC0RRTG. 1,75486Governmt.
r,
•-
$
1,2560 2,4708134
New
11,,3096725680
231,7
264,70 570,430 261,5 0 6.250, 87X5,06 17,30 7,98,0 1.350, 0 157,30 1,470953
$
Refundi g 170,945602 481,7390 25,80 46,978 5 105, .0 7,138,0 49.67,930
-1940
422,,746097,54313580661
21,,13457807-789,541099 STFUNMTNOHOAIITTEEERHDS
4,0 ,0 605,31 0 30,16578
$
YEARS
Total
13,18,074275 ESF3YNEOIDVAP0RTS.
415,2770938984
306, 80 473,8964 2,15,0
356,74058 1,0 . 40,734 9 49,02761
New
Total
.
1;
I
*
-
•
-194
Capit l 60,2350 4,8609 8,60,0 3,90,0 32,74184 5,374 3,761,0 2,0 ,0 19,850
548.390, 76,5206 5,325.0
"
9,0 .0
9,50 , 0 5,80 , 0
Refundi g 31, 80 790,63210 94,0 0 23,67.016 16,72 53 5,49,0 12,75.0 45,92 0
-193
310,7 204 59,20 648.5 ,0 753,4 150
New
9,50,0 7,260, 0 5 0, 0
91,37.0 835, 930 103,5 0 3,90 0 56.39,206 217,0 9,25 0 14,75 0 65,7 0
$
•
8,250, 0
Capitl 231, 721 4.510. 0 18,40673 56,49310
-1940
Total
1,0
41,2803 1357,0,0
135,2719
50 .0 0
50 ,0 0
2,0 0
124,6305
2.692.570
4,0 ,0 10,9534 5,95.80 215.86,24
468,795
38,0 0 5.602.40 1,07,54 71,6396
47,831.20 20.95,0 3,42.50 4,0,0
520, 0
103.49,0 241,78940 14,267 54 26,7396 17.0 ,0 7.21,0 2,518,795 1.793,0
2,0 .0 80,76285
36,50473 63,18 0 24,790 10. ,0 156, 726 7,01 0 1,793,0
15,0 3,50,0 3.06,473
2,50 2,10 40 1,07,54 38,61 43 468,795 2.0 ,0 4,20 412 40,2560 17,0 40 4,267 54 520,0 10,26 0 17.0 , 0 150,0 2,518795 10. ,0
~~
notes
and
314,0572698524.
29812,4,337541960
42603105,19,2768
ESNEDPT. : naoteds : _ anoteds Governmt governmt Gv,♦Municcpaitl—eSs,Po n dnoot SENEDPT.NBootaensd-s „— utiles cecootpalr,, manufces-. ori indausntrdl —bueildtncgs, ttrraudsing,,' Boands utiles cceooptalr,,manufces ;:ori indausntrdl bueildtncgs, ttrruadsing,, utiles cecooptal,,manufctres oi.-induamsannturfcdtlrig b1uiel—dtncg.s, ;ttrhruaoeldsdtiicnngg.,, utiles- cceoopta.l,,manufctres oiinduamsantnruifdcltrig Ibuieldtncg.s, _HI,1 IHttrhruaoesdldtinicng,g.,, cosrepcuraitte
MONTHS Corpate- Domestic-— Lbonogn-tfedrms Short-em Prefstorcekd Comstocokn Candi - Lboongn-tedrms Short-em Prefstorcekd Comstocokn foreign- Lbonogn-tedrms Short-em Prefstorcekd Comstocokn corpate Candian foreign Loaannd UStnaiteeds toal-. f♦igTuheress
S
Other
Grand
Total
Other Farm
MONTHS Long-Term Railrods Equipment Maotnords
ste l,
9
Public Iron,
Other Land, Rub er
Oil
Ship ing Investmn
Miscelanous Short-Tem Railroads ste l,Equipment and
Total
Public Iron, Motors Other Land, Rub er
Oil
Ship ingInvestm n
Miscelanous
Total
Stocks-
Railroads Public Irsoten,l,Equipment Maotnords Other
Oil
Land, Rub er
Ship ing Investm n Miscelanous
Total
Total-
Railroads Public Irsoten,l, Equipment Maotnords Other
Land, Rub er
Ship ing Investm n
Miscelanous
Total
THE COMMERCIAL & FINANCIAL CHRONICLE
1574
Bank
Redemption Galls and Sinking Fund
% Notices
Below will be found
list of corporate
a
Amsterdam City Nat'l Bank
Bank
Toronto
of
Bronxville
bonds, notes,
Farmers
Co. ,(N.
Hotel
bonds
■
Co.
.
of
Los
income mtge.
Angeles
s.f.
Lindell
due
1953
Ltd.-Dollar Steamship
l
Viscose
of
Association
series
Franciscan
&
1st
1
preferred stock
—
1
1
—:—Nov
—
& ref.
1st
—
Dayton Union Ry., 47c
due
1963
Dominion
Hudson
bonds,
due
1
Eastern
&
1st
Electric
ref.
&
Co.,
mtge.
1st
Hotel
Co.-Park
Co.,
1948
Houston
Illinois
due
1st
stock—Nov
mtge. 5s, ext. to 1649_Nov
1
bonds,
due
1950—Nov
—Nov
____
1
1
1
1134
1
1348
Cities
Realty
Co.
1st
ref.
&
income
Monroe Coal
Co. of
N.
J.,
1st mtge.
—
1279
1945_Oct
18
1
1944
21
1476
Sixth Avenue
purchase mtge. 5% bonds due 1965—
Jan
Niagara Share Corp. of Md., 20-yr. conv. 5(4(4 debs.—-Nov
North American Co.,
3Vz7c debentures due 1949——Oct
334 % debentures due 1954.
_____
Oct
Market,
—-
Norwell, Inc.,
Paterson
Inc.,
5';e-7(4%
6%
1st
mtge.
bonds,
Hotel
bonds
due
Co.,
10-yr.
2nd
dated
1936—;
_____Nov
Church
in
the
Diocese
of
Roman
Mills,
Catholic
Inc.
Bishop
series
K, due 1958
Benedict's Abbey,
St.
63rd
common
of
;
1st
Portland,
_
4s
stock—.—
1st
mtge.
due
1945-1946—.———.Nov
&
Inc.,
Co.,
lis, due 1955
Southern
1st
6s,
—.1
United
Southwestern
Gas Co.,
1st lien
States
series
B,
Telephone
due 1949-
bonds
1st
Nov
6'So
1
1476
18
1476
1
1477
bonds,
1948 to
1
1
Weil &
.9-30
50c
Process
dated
1941
Co., 1st mtge. 5(4%
•Announcement in this
bonds
bonds dated
issue,
fin
due
22
*
1
1477
1
Shoe
we
which have not yet been paid.
ord of past
t4C
1
9-30
15
0
1
295
1
*
30
1384
1
under
the
company
name
in
Cement,
Rockland
Light.Sz
1
9-21
$2.25
12-
1
11-15
12-
1
11-15
25c
10-20
10-
12V2c
$1,061/4
11-15
12-31
10-26
12-
67c
preferred
Inc.
Eastern
3
40c
10-
1
i$i
11-15
11-
11-
10-15,
(accum.)
SI'4
3114c
10-
10-15
10-
10-15
11-
>
1
•
(quar. )__„__
$l'/2
(quar.;t50c
10- 5
9-30
11-15
10-15
5c
12-15
12-
433/4c
11-15
s
11-
1
50c
11-
1
5814c
11-
1
10-20
8c
11-
1
10-15
11-
1
10-20
25c
12-
1
11-19
50c
10-30
10-15
25c '
11-1
41 %c
'
,
,
;
614c
1480
10-30
1.
10-20
11-
1
10-20
11-
1
10-20
10-30
10-19
15c
11-
1
10-15
1
10-15
5c
15c
11-
1
11-
Tire
&
____2
Haverhill
Co.,
(quar.)_____
common
(quar.
$6
6'So. preferred
Horn
(A.
(increased)
com.
:
Water, 57c
pfd.
83c
<
3714c
1% pfd. (quar.)
Process,
non-cum.
7%,
ISo
10-25
50c
11-
1
10-20
Gas Light
(increased
SI.25 pfd. < accum. I.¬
Superior Portland Cement, class B
6%
7
93 34 C
11-15
11-
50c
10-27
10-20
$134
11-
10-19
preferred (quar.)_
Water, $6 prior preferred (quar.)
prior preferred (quar.l
_________
$114
11-
1
10-19
$l'i
11-
1
10-17
$1 '4
2-
1
1-17
$6
10-16
11-1
10-21
11-
1
10-20
1'Sc
Texas
10-21
$6
Toledo
Edison,
57c. preferred
.
25c
5(47c
\
Hie
11-
1
10-20
11-
1
10-20
11-
1
10-20
11-12
10-30
i$i
preferred (quar,—
N, J.
$66C
RR. & Canal
(quar.)
'
12-
7
3/10c
Bank Shares
American
10-
4
10-15
9-21
50c
12-
3
10-
2%
12-20
SI
10-30
10-25
90c
11-
25c
12-
3
11-18
11-
1
10-20
$2'/2
10-15
10-
Sl34
11-
N. J.)
$1.1834
(s-a)__
1!
10-25
10-25
11-15
10-15
11-15
10-15
,
11-15
10-15
10-
25c
pfd. (quar.) '
15c '
40c
—
!
9-29
10-
1
11-
1
11-
4
10-
10-15
11-15
11-
3'/2C
75c
9-30
11-
1
10-14
(quar.)
(quar.)_,
1
10-23
11-
1
10-25
50c
11-
1
10-25
20c
preferred
(accum.)
10-15
10-23
1
10-
5
$2'2
10-
1
9-25
40c
12-
1
11-30
5c
11-
1
10-13
—
Fields—
announced
this
■
week, these being given in the
Bank and Trust
9-15
Boatmen's Nat'l
Bank of St.
of
1
9-23
1
11-15
10-
2
9-24
•
Bank
'•
Nat'l
10-30
45c
12-
1
11-15
Bank
(Richmond, Va.)
Drovers
8%c
12-
1'
11-15
Fifth
Third
40c
11-
1
10-21
First
Nat'l
$1V2
11-
1
10-21
First
Dallas National Bank'tDallas, Tex.)
Dominion Bank of Canada
National
Union
Bank
Bank
9-30
10-20
9-30
-10-20
9-30
First National Bank
First- Natl.
Bank
(quar.)'1-
Payable
30c
1-
0/ R*c.
2
12-21
J$l12
11-1
9-30
„;,50c
1-3-44
;'12-.2<i
-.
•'
..
60c
11-1
10-22
12-30
12-24
11-1
40c
|$2
(quai\).__
10-15
$ 1 ?2
1-3-44
(quar.)
$1
1-1-44
12-44
(quar.)__
$114
12-30
12-20
$1
12-31
12-23
(quar.) 11
$3
1-1-44'
12-26
(Portland, Ore.) (quar.)
40c
(Cinn.)
(Cincinnati,
National Bank
■
(quar.) ;
(quar.)_„
(Chicago)
Trust Co,
O.)
(Jersey City)
First Nat'l Bank (Memphis, Tenn.)
10-20
•
Holders
—
Exchange Bank, & Trust Co.. .(N. Y;)—
Quarterly
10-30
87V2c
(quar.)__
Corn
11-15
8lV4c
Snare
■
(Toronto)
Quarterly
Centra)
11-15
& Power Co.—
{
Louis
Commerce
'
When
Per
v
Canadian
7
12-
Companies
•v.-
*3ame of Comnanv
10-
10-
75c;
11-
(accum. )_„__
10-15
$1V2
50c
$1V2
11-
50c
(quar.)
give the dividends announced in previou»
The list does not include divi¬
we
1
30c
.
SI
Sl3a
(quar.)___
$2 prior pfd.
(quar.
Gold
1
20c
(quar.)____
57c
W.)
'
Ry.—
preferred
(quar.
(F.
10-11
68%c
:
10-13
1
10-25
10-15
75c
—_—
11-
i
preceding table.
9-20
25c
;
10-~9
(monthly)
preferred
Consolidated
dends
9-23
50c
Corp.
Below
10-25
1
10-15
weeks and not yet paid.
10-15
9-30
10-
1
lc
9-22
10-15
$1%
(quar.)____
Yuba
9-17
•
Erie
Terminals,
Wool worth
11-15
7
11-15
$1!4
_____
-,
1
11-
convertible
Whiting
Wiggins
10-20
62c
—
$4
11-
30C
(quar.)____
(quar.)___
convertible
White Sewing Machine,
10-20
$1
prior lien
5(4''
10-20
20c
!
47c
7
10-18
11-15
Paper (s-a)
Wheeling & Lake
10-20
25c
.
Westminster
Oil
Co.
10-15
10-28
$25c
Insurance
1
50c
$ 114
&■ Paper, com. (irreg.)
preferred (quar.)——___:
Westgate Greenland
9-30
1-10
(quar.
Mfg.
11-23
$2'2
Pictures, vtc
Western-National
11-18
$1.14
.
6%
9-30
10-1
$l>/2
_
1
5
V 50c
4
preferred
■■
1
5814 c
(monthly )____
(monthly
77c
preferred (monthly)
^
Toronto Elevators, Ltd,, common (interim)
67c
Universal
(accum.)
9-17
pfd. (quar.)_^____
Texas Power & Light,
United
preferred B (accum.)___
preferred C (accum.)
9-17
10-11
1
10-16
,
preferred A
6Vz'Sp
11-15
Struthers Wells Corp.,
6
■
{Iowa Electric Light
1
11-
10-16
prior preferred
Interchemical Corp., common.
67d preferred (quar.)___—
12-
37'4 c
10-16
preferred
11-15
Sterling, Inc., $1 Va preferred (quar. >
Stott Briquet, $2 conv. preferred (quar.)___„
1
(quar.)
partic.
■
1
10-
1
non-cum.
9-30
12-
$134
irreg.)
10-30
10-15 *
31 '4 c
(quar.)
10-20
9-30
11-
C.)—
6%
1
10-20
10-15
11-
Hires (Charles E.) Co. (quar.)
■
Holyoke Water Power (quar,)
Hormel (George A.) & Co., common..
-
10-15 *
15c
t75c
preferred
1
40c
f37'/2c
(quar.)
pfd. (quar.)
(irregular)
Henkel-Clauss Co.,
10-15
11-
quar.)____
Trusteed
i-
1
$1 '4
V
preferred__._\.__„____;
$5
Franklin
10-16
i
1
11-
12c
preferred (quar.
1
5V'2r!c
Electric
10-15
11-
$1»2
______
(quar.
California
11-
(quar.),
class A
Times,
1
.
75c
(quar, 1
10-30
i20c
pfd.
11-
37'4 c
1st pfd.
Power
Equipment,
(quar.)___.:__
pfd. (quar.)____
6%
10-15-1
10-30
8-31
Rubber
Instrument,
1
11-10
10-19
(quar.
(Texas)
11-
3114c.
V
10-16
11-10
1
50c
—$11,4
Fulton Industrial Securities, $3V2 pfd. (quar. V87"2C
General
10-25'
11-10
10-15
conv.
10-25
11-15
40c
11-1
________
5%
11-15,
35c
,
10-25
35c
quar.)_
11-
25c.'
______________
25c
9-15
Electric Light
Industries Co.,
;
$1 3 4
10-26
Pressed Steel (quar.)__-—
Foods Corp.
11-
6'40
common__________
City Gas & Electric,
preierred (quar.)
10-29
______
Brewing Corp.,
10-20
1334c;
(quar.
(quar.).
preferred (quur.)___
AAA
Company
77c
Common
10-23
50c-
General
1
5
$1
(quar.)_________.._l._____
Philadelphia (s-a)__.___
General
10-20
11-
75c
1
11-15
(s-a)
partic. pfd.
'
General
10-20
11-
.
1
75c
(quar.)
(quar.
Telegraph (s-a)
i
50c
10-20
12-
preferred
S2
(quar.)
Process
10-20
-
5
20c
(Newark,
10-25
50c
______
Extra
Fostoria
11-15
•
10-30
Springfield
11-5
50c
—________
Insurance
10-11
11-15.
Southern
_______
of
10-11
1
75c
25c
preferred
1
11-
11-
6%
9-20
& Gregg, 7yf pfd. (quar.)_______
(Wtn.i Sons, common (quar.)
43'4'So
11-
$134
,
Fire Association
9-10
$112
11-
Southern
10-16
10-25
Faber Coe
Filene's
9-30
8
11-15
Sound
10- 7
11-15
Williamsporc RR (s-a)—________
Hampton Electric (quar.)—_____
&
10-14
11-
Sioux
..
Mo. )-—
Special
Elmira &
6
11-15
Silex
7
10-1
_____—
Boat
12-
2y3^
11-
20c
57c
5
SIV2
$1%
(quar.)
preferred (quar.)________
Fields (monthly)
Oil
9-22
1
50c
Sherwin-Williams
11-10
10-15
$1
common
9-27
12-
20c
Hsc
Fabrics,
1
10-20
1
9-30
25c
•
5, 10 and 25c Stores (quar.
Wall Board, common (quor.)__
partic-. preferred (quar.
$2
7
11-27
60c
Truck
$2
10-
50c
^
1
11-15
75c
;
,
(quar.)___
common
$6
9-23
:
...
(.quar.)
12-15
Schumacher
8
62V2C
Co.
1
in the week when
1-
Rose's
(irreg.
Edwards Mfg.
—Nov
rec¬
8714 c
Virginia' Pulp
1385
given
11-16
(quar.)___
<quar.)_____
Point
1
The dividends announced this week are:
Riverside
West
1952—Nov
declared.
Rich's
12-15
West
Franklin
"General Corporation
Investment News Department"
11-24
10-16
Franklin
announced, but
1
quarterlv)
Mfg. Co., 5'4
10-22
683
second table in
12-
(quar.)_,
(interim
10-15
10-
<quar.)____
•
and
B
10-15
991
Further details and
our
Class
1
$1%
coramon...
Fitchburg Gas &
157.
11-15
■V:' $1 14
Republic Natural Gas (increased)
Reynolds 1R., J.) Tobacco (interim
1-1
of Pittsburgh (quar.)
15c
(irregular$2(4
Township Telephone (quar.225c
Firemen's
1385
1
(quar.)_
10-30
1478
1
12-
15c
preferred
11-
1285
1
cases are
A
12-10
25c
prior preferred
class
'^l.'/2
$2V2
Light, Vie
10-20;
50c
(quar.)
25c
(quar.)_
prior pfd.
19-20;
1
(quar.%_
pfd.
preferred A < quar.>
preferred B (quar.).^^
Rheem
11-
1
11-
25c
convertible
67c
9-17
$1%
11-30
11-
(irreg.)„____.
Republic Investors Fund,
10-15
:
12-15
(quar.)
Shares
class A
preferred
55c
.
10-30
(irreg.$4
Co.,
Common
10-15
11-
S3
6%
Company
1384
dividend payments in many
1
11-10
Ltd.
Industries,
Dominguez
1
show the dividends previously
11-
Income
9-27
50c
•
of Colorado—
Duiron
Hartford
which
11-30;
.
of Calif.—
Republic Drill & Too},
1
10-15
10-30
75c
Co.
Corp.
10-
11-1
'$4c
cumulative
1
a
10-15
$1
cumulative 1st redeemable pref.
2nd
1
follow with
10-22t
12-15
Extra '
9-27
12-1
(quar.)
Seal,
convertible
G'lo
1178
grouped in two separate tables. In the
bring together all the dividends announced the
we
1
.
(monthly)
(monthly)
(monthly)
Duquesne Brewing Co.
are
Then
9-30
$l3/4
Harris Mfg.,
we
11-19
50c
(extra)
Mfg. debenture stock
Hammond
first
11-
75c
Class B (quar.)
Rapid Electrotype ( resumed )__„___% ^
Raymond Concrete Pile, compion < quar.
10-21
Insurance—
(s-a)
Georgia RR. & Banking (quar.)_.
current week.
10-21
>
12-15
Sl'/a
(quar.)
Iron
Co.,
Gulf Insurance
Dividends
Randall
10-7
$l'/2
Dec
1927
Volume
&
Power Si
Nov
15-yr. 4 (4 (4
1
Quarterly
9-23
10-15
& Cincinnati Bridge
Drug
——Dec
-
1
11-
preferred
TJc'S preferred
Corp.—•
Cigar, 6J/2%
Cork
Exeter
Nov
11-
SIVi
preferred
67p
10-15
.
Service Co.
br/v
f
15c
—
1179
15-yr. debentures (ext. to 1947)
Co.,
75c
(initial)
Domestic
1283
20
Dec
1951
D.)
10-29
(quar.)-i,
Divco-Twin
1283
bonds.—Oct
;
Bros.-Kennelly Co., 1st mtge. 5s, due 1955
(S.
Life
Assoc.
preferred
Diamond
1478
_____
Warren
States
Lumber
Dominion
1
Sylvania Electric Products, Inc., 3 (4 % debs., due 1957 .Nov
Temple University. 1st mtge. 6% bonds
________
Jan
Bus Terminal & Garage
Co., 1st mtge. 6s, due
University of Illinois Medical, Dental & Pharmacy Bldg.—
Revenue
11-20
pfd. (quar.)_____
$6
1283
1
Union
Werner
22Vac
Public
7
9-20
1
$13 4
preferred A
Co.
10-8
10-
(quar.)__
Gamble
&
10-15
9-30
8714 c
Silknit, Ltd., 7/f. preferred
Procter
1
50c
Potomac Edison, 6'4 preferred (quar.
Tic preierred < quar.
10-10
20c
Electric
Stuaebaker Corp., conv. 6'*' debentures due
1945—...Dec
Swan Co., series A deferred bonds
of 1926...
—Oct
Valvoline Oil Co..
10-
12c
non-cumulative
Dennison
Nov
income
10-16
10-22
;
10-15
$1'2
;
Pittsburgh Thrift
10-25
10-20
10-25
$6 preferred (quar.—
a
1
Co.—
—
10-26
11-
20c
1
50c
(accum.
Rubber, 7%
j
10-30
(accum.)
Brewing
___/
Pinch in, Johnson & Co., Ltd.—?
Ordinary shares (interim
10-18
10-14
(quar.)
&
10-22
11-
11-15
•
Co.
5%
11-1
$1%
Pfeiffer
10-25
10-28
$1
TSo preferred (quar.)___
Curtiss-Wright, $2 non-cum. class A
mtge.
;
11-10'
90c
(this payment clears all arrears)--
Bay
Crown
4s,
—Nov
....
Elizabeth Garage & Show Room
Corp.
Southern Advance Bag &
Paper
4
——Oct
50c
5
12-15.',
2
12c
Parker-Young, 5'Sc
preferred
Perry-Fay Co, (quar.)
10-15
—
Dividend Shares
Nov
_
__
Hosiery
1352
-
Chicago,
notes
10-21
—.
Electric, common (quar.)__j,______^.
preferred (quar.
Dallas
Republic Steel Corp.—
Purchase money 1st mtge. conv. 5 (4s due
1954—„„Nov
Gen. mtge. 4(4%
bonds, series C, due 1956
.Nov
Rollins
Franklin
Covington
57c
■
A
1282
1476
1944
12-10
10- 1 V
16c
Associates
preferred
5'So
Coos
t-2453
tr.
9-21
10-13
11-26
9-20
(quar.)
(J. J.),
1-
:
$1 34
preferred (quar.)_______
Pacific. Lighting Corp. iquur.);
10-20
11-1
10- 1
11-15
Consumers Public Service (Brookfield,
1282
1
collat.
10-16
10-28
$1
Consolidated
1282
.
15
___,
series
1
19
Nov
&
10-30
5'So
75c
40c
common
Crown
Philadelphia, Baltimore & Washington RR., gen. mtge.; •
bonds, series D 4(4(i> due 1981
.—Dec
Phillips Petroleum Co., conv. 1%% debs, due 1951—..Oct
Phoenix Iron Co., 1st mtge. 6% bonds dated
1926—.Nov
Protestant Episcopal
*
1st 5s, due 1964—.Dec
mtge.
11-15
common_,___^„-;
Pacific Finance Corp.
9-20
Concord
1
1
10-
Insurance
Air Brake
Tire
Ontario
'
1
Louis) (quar.)__
6%
1
19
10-15
3714c
Oilgear Co.
11-10
1
10-
preferred (quar.)______
Western
Collins Co.
bonds
———.Dec
______
& State Line Traction Co.,
Peabody
mtge,
12-
$1
(quar.
Co., GS'o
Colorado Fuel &
1174
1947
&
Aguirre
$4'/2
1475
1
due
Water
Norwalk
11-13
1
York
9-30
9-30
$112
6214 c
preferred
preferred
9-30
+$158
preferred (quar.)___________^_____i__
Newberry
10-20
12-
50c
Colgate-Palmolive-Peet,
1280
bonds due 1947—Oct 29
6s, due
11-1
lien
lien
Process Co.,
New
10-20
25c
$3 preferred (quar.)
Coca Cola Bottling (St.
1349
Nov
Avenue
Saco
$7
Sl%
10-20
(quar.)—
common
Warehouse
$3 pfd.
1
York Fire
North
Co.
$6V2 preferred (quar.) —-_L
Champion Paper & Fibre, common (quar.)__
6'Sc
preferred (^uar.).._'_
Chemical Products Corp., TSo pfd. (quar.)__
Chicago Corp.—
986
Nov
...Nov
1
prior
prior
New
10-20
1
$114
—————————————
Chain Store Investment
291
1
1
11-
12V2C
_
Storage
Central
1279
Protection Co., 4'Sc- bonds due 1954—
Oct
New York Omnibus Corp. prior lien
mtge. 6'So bonds due
1958
—.Jan
New
pfd. (accum.)__
(quar.),
Central
5%
—
Mining Co., 1st mtge. 6%
„
1
10-20
11-
15c
—
1
-
10-21
1
S1V2
(quar.)
Bakeries,? bi» partic. pfd. (quar.)'
Canadian Investment Fund, Ltd.—
Special shares (quar.)________„____
Oidinary shares (quar.
1134
___Mar
1
11-
10-22
.
Irregular
1134
1958-Mar
Metropolitan Playhouses, Inc., 5'So debentures due
Miller Co., 6V2IC
1st mortgage bonds (extended)
Mountain Ice
5%
Fund, Inc.
California
—
1953
11-
^ 15c
'
Camden Fire Insurance
1348
.-Nov
due
$6 pfd.
&
&
1
11-
Canadian
1
Co
11-
9-30'
$12 lie
'
England Fund ctfs. of bene. int. (quar.)
New England Public Service Co.—
.
1034
Corp., prior lien 5% bonds due 1947_Nov
Rys, of Central America,
1st mtge.
5s,
Water
H.)
Butler Mfg.
1473
1st mortgage 4(4(4 bonds, series A. due 1959—;
Jan
Lehigh, Coal & Navigation Co., 4% fund. & impt. bonds.Jan
Litchfield & Madison Ry., 1st mtge. 5'So bonds due 1959—Nov
Longwood Towers Co., preferred stock—
Fire
1'
9-30
9-30
41214c:
(quar.)
preferred (quar.)___
England
1
11-
1-3
Corp., common (quar.)
preferred (quar.)_____
New
11-
12-. r
»
Stores, I'k pfd.. (quar.)________
: Mission;Dry-; Corp.; __i
!■____
Mississippi Power & Light, $6 1st pfd. (quar. )
Morris Plan Bank^Bridgeport, Conn.) (quar.)
Nekoosa-Edwards Paper (quar.)_.
9-20
'
15514 c
McFeeley & Prior Ltd.—
(quar.)
preferred (s-a)
5'So
10-22
1
10-
$1
Brockton Gas Light
1473
1
' 1
——Nov
10-20 e
Melville Shoe
9-25
11-1
$2
$l>/2
$1
Broadway Department Stores, common.—
5%
preferred <quar._________
1473
1
1972
11-15f
1
Mercantile
10-5
10-
$2(4
.
Buckeye Pipe Line Co.
/
1st mtge. 4s, due 1955——Nov
1st & ref. mtge, 5Vis, series B,
Iowa Pwr. k Light Co., 1st mtge. 4V/2S, ser. A, due
Iowa Power & Light Co,, 1st mtge. 4s, due 1968
Iowa Public Service Co., 6% debenture due 1960
bonds
1
10-15
$1
————————
Stockyards,
preferred (quar.)
Boston
1
———
—
10-19
1
11-
50C
(quar;)
>
10-30
12-
25c
V.
B
5'So
i0-20
11- 1
3714c
______
Bloomingdale Brothers—
771.'
1
—————————————-Dec
Massachusetts
'
30c
—...
Aircraft
Biddeford
bonds
income
Limestone
Kankakee
10-30
35c
(s-a)—
A
Company (quar.)—
Beverly Gas & Electric (irreg. )„
1347
leasehold
(s-a)
RR &
Best
1034
Corp.,
International
1
deposit rets, for ordinary regis.. 29 l/10c
<W.
Beech
Belt
Boston
1st & ref. 5s, series A, due 1950—Nov
Gas
preferred
Barber
Co.—
1
stock
.____
class
Co.,
Atlas Acceptance Corp.,
Baldwin Rubber Co.
*
Electric Co.,
Indiana
12-
(quar.)—50c
City Electric,
Atlantic Rayon Corp.
a
Natural
1954
10-15
10-20-
50c
_________
______
American
390
27
____—•———Nov
mtge,
preferred
Iowa Power Co.,
due
Hotel
1
—Oct 27
—Oct
——————
Holly Sugar Corp.,
Houston
•
(quar.)___
(irregular).
Atlantic
Ltd.—
Bldg.
Co.
6"o
preferred
Place
bonds due 1959
Cotton
Square
1
1
$3(4
(quar.)
Barge Line (year end)
Light & Traction, common (quar.)
preferred (quar.)
Appleton Co.
1033
B & C, due 1951_Oct 20
____
mtge. & collateral trust 4V4 "So
Herald
1111-
(Scranton, Pa.)—
Ship Building
i
;i
Anglo-Canadian Telephone, class A (quar.)
Anglo-Iranian Oil Co., Ltd.—
1440
1033
$6 preferred stock—
Porcupine,, Min.es
9-20
V75c
.
(quar.)
(quar.)
A
$6
S.)
(A.
5%
1439
1
1
stock
Extra
Co.
Marble, 6% preferred (quai,.)______
Meadville Telephone, common
(quar.)
10-23
50c
Corp.
Ltd.—
Great South Bay Water Co., 1st ref.
due
19
Ltd., 67c 1st mtge. bonds due 1952——Jan
Co. of Buffalo, 1st mtge. 5 7o bonds-—Nov
Service Corp.,
Electric
6'/a 'So
1
:f:80c
(Conn.)
)__Ij
'
Stores_i._L_______^_L_i,^-_>.?
Department
Class
11-
$20,
$$1(4
.
American
484
preferred
Hamilton
__
1
Hartford Trust Co.
6%
1439
15
mtge. 5%
1st
1
Dec
Traverse
10-6
50c
(quar.)
Bank & Trust
American-Marietta
trust
...—;
1st mtge. & col. trust bonds, ser A,
Froedteri Grain & Malting Co., Inc.,
Grand
Canada
Aloe
bonds
4fio
collateral
6(4 %
Players Canadian Corp.,
$5.50
10-20
10-15
$1
American
1439
1345
15
—————Oct
—•!
1945
General Public
of
10-15
9-30
82
(s-a
McNeel
(quar.)
American
1439
4
Car Co.,
Famous
(Mass.)
10-15
Class
Industrial and Miscellaneous Companies
1344
1
—Nov
bonds due 1949—Nov
mtge.
Co.,
_
Ellicott Square
11- 2
25c
10-20
1
1
;
10-18
25c
4
11-
(quar.)
Co.
11-15
McLennan
10-20
10-23.
10-
11-
Mclntyre
9-30
11VI
10-15
10-15 •
$13 4
McGraw
12-22
$1
Louis), (quar.)—;
Adams-Millis
[7s, series A,
—
—
Gas
9-30
12-22
$2
Washington Loan & Trust (D. C.) (quar.)__
West
■.
Consolidated Textile Co., Inc., 15-yr. 5% debs., due 1953-Nov
Danville Traction & Power Co.. 1st 5s, due 1951———.Nov
&
(St.
Quarterly
1437
Light & Power Co.,
1921
Delaware
South Side
1342
1031
1438
1343
-.——Nov
Light & Power Co., 1st 4s, ser. C, due 1964_Nov
Chesapeake & Ohio Ry., ref. & improv. mtge. 3(4 % <■ ■
bonds, series D, due 1996;
1—.
Nov
dated
Bank
1437
participating income debs.——Nov
1
Inc., class A stock—
—Nov 30
Ohio
Connecticut
$2(4
$2(4
Royal Trust (Montreal) (quar.)
Security Trust (Lexington, Ky.)
bonds,
ref.
——
Estates,
Appliances,
Bigelow & Dowse Co., 17c
Central
Fathers,
.
Sugar
Home
9-30
series B,
A
Baragua
Bendix
Jose), (quar.)„
1
25c
New
due 1961—---—
—Oct 19
Associated Laundries, of Illinois, Inc., 1st 6V2S—_——Nov
1
5%. gold bonds,
(San
Rhode Island Hospital Trust (quar.)
Royal
1
1437
1
1238
19
*
19 ppl
19
Co., 4Va, 7o, gold bonds due 1953—.— -Oct
57c gold bonds due 1961———————:
.———Oct
4Va% gold bonds, series B, due 1953———
Oct
1
11-
Marathon Paper Mills
(quar.
9-30
10-
11-20
$lJa
May
Savings Bank & Trust (Wash., D,C,)—
Quarterly
942
Associated Electric
1
10-15
87 \3c
(quar. )__
10-22
Lumbermen's Insurance,(Phila.)
10-30
10-
40c
_
Trust
11-15
60c
junior pfd.
11-M
Lit Brothers, 6#' preferred (accum.
Louisiana Power & Light, $6 pfd. (quar.)___
Nat'l
*
1
debenture coupon bonds due 1947——Nov
Corp., 5'So cumul. preferred stock
Nov
Inc., Ltd.y 3%
American
debs, due
Corp., 5Va7o
Lines,
$2
25c
(quar.)
Trust
Newton Trust Co.
—--Feb
Chemical
G.
President
American
1237
1437
1949—Nov
Lines
:
American I.
(quar,)_____
Vernon
Montgomery Trust Co. (Norristown, Pa.) (s-a)
15
American Bemberg Corp., 7% preferred stock
___—Dec
1
American, British & Continental Corp., 57c. debentures
class A stock,——Nov
Co.,
9-30
S2
Material
of Rec.
-P 25c.
(quar.)__
Corp.
Naumburg__j____
&
Holders
When
Payable
'
Tool
Plant-Choate^Mfg., $1 preferred
Line
Beach
Long
(Providence, R. I.) (quar.)
Liberty Title & Insurance (Phila.) (s-a)
81
---r--Oct 19
___
Bakeries
10-23
9-30
La
■■•■tf-v1
30e
Machine
Kentucky Utilities, 7'So
10-30
,
National Bank
10-15
Pittsburgh (Pa.)—
quar.
Quarterly
American
of
Jonas
11-15
1
11-15
________J——---
First National Bank of Mount
First
10-30
12-
11-1
of
(quay.)—
International
of Re0.
40c
Fidelity-Philadelphia Trust Co.
industrial
$3(4
Name of Company
Holders
(quar.SI
Y.)
—
First National Bank
Company and Issue—
Ambassador
(quar.)_;
(N, Y.)
Bank
Merchants
(quarterly)
Initial
Payable
(quar.)—$2(4
Trust
&
(Cal.)
When
share
Black Rock Bank & Trust (Conn.)
ing tenders, and the page number gives the location in
which the details were given in the "Chronicle."
•
State
Per
share
Companies
Per
and common stocks called for redemption,
those called under sinking fund provisions.
The date indicates the redemption or last date for mak¬
Alabama
Trust
Name of Company
preferred
including
Date
Bridge Corp.. 4% bonds due 1952——Dec
1
and
Monday, October 18, 1943
(Scranton,
(quar.)__
Pa.)—
20c
12-31
1>•
1
12-29
11-
l
10-15
Number 4221
158
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Per
thare
Name of Company
When
Payable
Holder«
Per
Name of Companv
0/ Rec.
Bank (Palm Beach)—
First Nat'l
Monthly
'Extra
Canadian
-—™:™_-_™
.
$1
__
Extra
10-25
11-
1
10-25
12-
50c
::
Canadian
Co.,
}.37VaC
(quar.)
Food
11-24
11-24
Common
i$lV4
Products
1-2-44
12-24
Canadian
1-2-44
12-24
Class
Pa.)
(interim)
i50c
Extra
;
iSl'A
i$l'/4
—
J.)
Co.
Bank
&
Co.
Trust
(quarterly)
Oil
12-17
12-10
Clinchfield & Ohio Ry,
(quar.)___
Corp., common.™—
5<7o
preferred
Central Hudson Gas & Electric, com. (quar.)
Central lnvestment Corp
Central New York Power, 5r/c pfd. (quar.)__
Central Power & Light Co., 6 r,'c pfd. (quar.)
7%
preferred (quarterly) _______________
Century Ribbon Mills, 7% pfd. (quar.)
Cerro de Pasco Copper Cor.p._
Chesapeake & Ohio Ry.—
8 n-1
20c
12-21
City)—
12-31
12-21
11- 1
10-20
11-
1
10-20
12-15
25c
—
5%
:
(quar.)
preferred
(quar.)
Nat'l Bank
Fourth
Imperial Bank of Canada
Industrial National Bank
12-15
11-
(quar.)__—
preferred
Exchange
Bank
(Milw.)
c
11-
1
|
11-
1
10-20
.1- 3-44 12-18
40c
9-30
City Title
(quar.)
Extra :
Nat'l
(Chambersburg,
12-24
12-24
Cochenour Willans
12-31
Cockshutt
Columbia
Coast
Breweries
Metropolitan Bk, (Wash., D. C.) (extra)
National
Bank
Security
Nat'l
Pacific
Bank
(Chicago)
(Seattle,
12-21
'■
12-11
1-1-44
$8
$174
(quar.)__
Wash.)
12-28
12-31
12-31
5%
Gas
Puget Sound Nat'l Bank (Tacoma) (quar.)__
25c
12-30
12-24
40c
1-3
12-28
Columbus
South
Quarterly
Quarterly
Quarterly
,
■
(quar.
Commercial
Texas
National
6f/e
(special)
Bank
,
6Vz';b
lfl-20
Commonwealth
12-31
Concord
3-31
;; Confederation Life
™__!™™_-~_™
.
Quarterly
'
S2.50
7-1-44
6-30
N
S2.50
10-2-44
9-30
$2.50 12-21-44
12-20
15c
11-1
10-20
$2
1-3-44
12-15
„__™_.-___
,—™_'
_
Quarterly-
Trade
Bank
Union
™™.™_;
Natl.
&
___
Trust
Co.
(N. Y.)
(quar.)__
(Youngstown, O.) —
Bank
Quarterly
Union
U.
_
Trust
S.
Nat'l
Co,
of
Bank
Baltimore
Whitney Nat'l Bank
(New Orleans)
Abraham
&
Straus,
Stock
Inc.
Alabama
Co,
Power Co.,
'
S7V2
Amerada
Petroleum
Arch Co.
American
Bakeries,
Extra
v
,
Corp.
class
A
preferred
Class B (year end)
Can
American
Cities
cash).
10-
.
1
12-31
6%
1
11-19
50c
12-30
12-15
25c
:V;';
™_
12-30
ii
12-15
$274
Co.
:
12-30
'
75c
_
12-1
11-
11-
American-Marietta
11-1
11-
Dayton
10-20
10-20
SI
Co., class A com. (s-a )™
$2
preferred
American
(s-a)™_
News
Co.
L™„_™__~™™~'
(bi-monthly)—____—
American Paper Goods Co.,
American
Safety
$274
■
Razor
30c
11-15
1112-
American
Stove
American
Thermos
Co.
(.quarterly)
Bottle,
Preferred (quar.)
11-15,
50c
11-30
,11-
,10-30
10-
Diamond
8
American Viscose Corp., common
',5'f
preferred
American
S5
'
tquar.t
(quarterly)
Zinc Lead
convertible
Anaconda
1
6%
12-20
11-1
10-18
50c
SI 74
1
;
11-
1
(accum.)™
si v*
.
11-
25c
.—___
1
less
$68%c
10-
,
Co.
'•,Extra.
;
Arcade
$ 17
'
____ ___.
Mills,
25c
common
SI
;
(quar.)
preferred
Argo
Oil
11-
a
1
5'<h
.
10-
9
12-21
12-15
$3
Corp.
12-21
15c
11-15
10c
is-a)■'
11-15
$6
10-16
'
•
■
.
.Extra
Si.25
10-16
prior
3114 c
11-
1
621/aC
(quar.)
Atlantic
preference
Coast Line
RR.,
(quar.
5'</: pfd.
(s-a)
-__-
Powder
Co., <57* con v. pfd. (quar.)
Topeka & Sante Fc Ry. Co._:
Atchison
11-
1
10-15.
11-22
11-
1
10-20
12-
1
10-29
t
$1.50
Refining Co.—
preferred convertible
:
A
(quar.)—___
Ault <te Wiborg Proprietary, 5V'aCt pfd. (quar.)
Avondale
Mills
<
Babcock-Wllcox
Badger
preferred, (quarterly!
Bangor Hydro-Electric Co.,
Power
&
Paper,
Birtnian Electric .Co.,
$7 preferred
Personal
1
10-
1
10-30
11-1
Ltd.;\57<>! pfd.
11-
1
1
1
11-: 1
10-21
9-27
621-20
11-: i
9-30
SI
10-30
(quar.)
10-30
50c
11-1
10-
9
16c
10-20
9-30
b
t$l
12-: 1
10-14
—/
25c
11-' 1
$114
11-1
10-15
12-
11-15
:
■
"
Bullock's Inc.. 5rf preferred (quar.)_
'
Burlington Mills Corp., common.™___i^_2_ :
'
40c
5c/o
Cable
preferred
(A.M.)
10-
1
4
&
5Vz';*>
12-
1
11-15
SI 14
12-
1
11-15
$1.75
11-
1
10-15
(quar.
7'7r>
Co.,
Wireless
pfd.
(Holding)
(quarr)__^___-_:
Ltd.—
2
11-20
?37c
11-
1
9-30
2nd
+20c
11-
1
9-30
I$1V2
11-
1
10-
75c
11-
1
10-15*
preference
,
California
Electric
Power,
$3 pfd.
California
Packing Corp., common
5preferred (quarterly)-
(quar.)__
-
.
Canada Foundries & Forgings, class A (quar.)
37 WC
10-15
11-15
621aC
(quar.)__
11-15
8
Canadian, Converters
Ltd.
(quar.)
10-25
10-
10-9
75c
»
c
10-25
10-30
9-30
Leitch Gold
9-29
10-29
9-29
Link
Co.
,
:
9-25
Little
•
11-
1
(quar.)
10-6
$l3a
$1.25
________
(accum.)
$3V'a
4
________
15c
11-29
Tire
&
11-29
5V4r!o
McCall
25c
11-10
11-
10-30
of
Froedtert, Grain
&
Malting,
Extra
Co.,
a
10-31
J35c
(quar.)
20c
20c
A
(quarterly)
$6
10-
Miami
1
10-22
9-30
1111-
11*
1
7 74
Inc.
Trust
Corp.,
Steel
$5 preferred
(quar.)_
(qujar.)
Ltd., 7f/r
11-1
1
i5C
11-
1
9-24
$iv8
pfd.
11- 1
10-20
1
11-
1
$1.25
10-
(quai'.)_
$l'/4
11-
1
10-20
20c
11-
1
10M5
20c
11-
1
10-11
$1 Va
11-
1
10-11
Trust
19c
10-20
9-30
$7
.
Co.
11-30
11-15
75c
11-
1
10-15
$1V2
"
(accum.)-™
(irregular)-
11-
1
10-15
15c
corn,
,
11-1
10-15
$1.75
(quar.)™
10-15
$1.75
pfd
10-25
2-1-44
25c
10-29
10-18*
25c
12-1
11-15
3
12-15
I'
1* 3
$1.50
1-3
12-15
$1.75
1-3
12-15
10c
10-22
10- 8
Vac
10-22
10-8
2 74c
11-1
10-15
1
11-26
A
Steel Corp.—
partic.
Loan
\
574 74
pfd.
preferred A
preferred
Power,
Moore (Win.
Morris
12-15
.;
(quarterly)
Society.
•
(quar.)™
34%c
12-
Chemical—
B
(s-a)_
$2.25
12-
1
11-10
—____
$2.25
12-
1
11-10
_^___™___™____™™
$2
12-
1
11-10
11- 1
10-11
(s-a)
(s-a)
_—
$6 preferred
Quarterly
Moore Drop Forging Co.,
8*
1
Zinc—
Montreal Light, Heat & Power
10-11-
12-
$1.50
Montana
9-30
n-
5
433/4c
Co.__
$4 preferred C
10-11.
6c,
10-15
(quar.)
(quar.)__
$474
10-16
10-25
11-
11-1
(quar.)
(irregular)™™
common......
Gas
$4 74
7
10-15
11-15
preferred
Class
10-20
1
11-
$l'/2
1-
Monroe
10-20
10-
11-
9-30
12-24
$1.50
Monsanto
10-20
10-20
pfd.
Co.
preferred
$3
10-25
1-3-44
$1.31 V4
(accum.)
Natural
Plan
R;>
11-15
10-30
10-15
$iy2
11-15
11-
Morris
,™,
$174
+37c
(quar.)—_
$1.50
Dry Goods (quar.),.™,.-™
$174
class A
Society
(quar.)_____
$1
.
10-30
11-
9-30
1
10-20
1-3-44
1-3-44
12-
1
11-25
11-1
Mountain States
(quarterly)
Consolidated——
Industrial
$l1/is
25c
Castings, $6 pfd. (accum.)____
Wares,
1
75c
■
General Outdoor Advertising. 6% pfd.
General Shoe Corp.
(quarterly)
General Steel
11-
$1'
(Boston)
10-16"
10-16
1
$1.62,/2
(quar.)___
Moline Pressed
'
20c
(quar.)
11-1
37V2c
Class B
10-15
.
25c
(quar.)___
10-16*
11-
$2
(quarterly)™™™
_™™i_ V
Missouri-Kansas Pipe Line, common
10-15
1
l
35c
pfd.
9-30
9-30
1
—
'
7%
Investors
Copper
674
10-20
_____
11-
preferred (quarterly)......
Junior preferred (quarterly) ™j-j_™_'
preferred series 1940 (quarterly)
674
10-30
10-20
:
(Kentucky)
preferred (quar.)__
Michigan Public Service Co.,
10-15
12-
l
Gardner-Denver Co., common (quar.)___
$3 convertible preferred (quar.)_____4____
25c
(quar.)™
Co.
Refrigerating Co., 77c
preferred
674
10-30
Co.,
1st preferred
77c
5
1
60c
25c
Merchants
10-15
11-
General Baking Co.___
General Electric Co.____
General Foods Corp., $4.50
Stores
Maytag Co.,
v
11-
__________
(quar.)___
5%. pld.
Corp.,
7%< preferred
2
15c
(quarterly)
11-20
1-15
nreterred
Publishing
preferred
t
(quar.)
1
35c
Mattiessen & Hegeler
1
____________—5c
Common AA
General
67c
10-16
10-20
30c
class
10-
11-1
20c
____________—______
Brush
l
37V2c
preferred
Extra
H-
:
com.
Stores
Memphis
25c
11-20
12-
50c
(quar.)
Massachusetts
10-19
$3V2
1
™™
(quar.)
Co., 6'7c preferred (quar.)™
(shown under letter "F")
&
Corp.
McLellan
Stores—
Canada
12-
1-15
preferred
(I.)
McCrory
10-19
10-30
(quarterly)
Rubber___™i___„__^_____
11-24
$1V4
common
2nd
J$l3,i
11-15
1
10-22
.
47474
Power
,—
(Philip) & Co., 47-474 pfd. (quar.)__
preferred (quar.)™_™-_™_™™_™
•
10-15
11-24
.
25c
—
McGraw-Hill
12-11.
$1.50
(quar.)
20c
Electric
&
McClatchy Newspapers,
12-11
12-31
<irreg.)_
37M>c
(quar.$1.06'/4
(accum.)____
Bridge Works___.______c.j__
Co.
12-31
(accum.$4
12-10
12-10
Co.,
Z'-o
Gas
Marshall Field
11-15
25c
Florida Portland Cement—
7% participating preferred
Foundation
Taylor,
Magnin
11-15
75c
preferred
50c
$1.10
Common
3-11
$7
11-1
10-15
10-30
1
to
$lVe
Luzerne County Gas «fc Elec.—
4-
com.
10-25
Lunkenheimer Co., 6V2%
$2.50
preferred
10-21
1
12-20
12-11
(quar.).„
1
11-
(Ind.)
10-15*
1-1
(s-a)
11-
30c
preferred A (quar.)™
special gtd. (quar.)__
Co.,
Biscuit
12-15
87Vic
(quar.)
Insurance
1
$2.50
______—
RR.
12-1
'
1-1-44
___™
3-18
common
Life
'
&
Louisville
12-15
pfd.
Natl.
11-
$1.62Vi
3
4-1
Shoe
10-20
11- 6
(quar.i™
1-
12-20
Curme
1
11-
3c
conv.
12-
(quar.)
11-20
10-20
&
50c
common
1
10-16*
cum.
10-15
1
Extra
Lord
12-14
10-15*
11-
preferred
Loose-Wiles
10-15
10-26
11-15
Co.,
Miami
11-1
12-15
Loornis-Sayles Mutual Fund.™
Loomis-Sayles Second Fund (quarterly)
10-16*
$5
•
25c
participating preferred
Participating
12-14
1-3
•-
4
12c
5%
6
\
1-3
12-
12- 3
$lVg
_____________
Original capital
(quar.)
Longliorn Portland Cement—
10- 8
11-10
$l»/2
(Dallas)
12-11
(irregular)____
A
Liquid Carbonic, 4Vafo
10-
10-20
(quarterly )
Corp., 4I/2',<> preferred (quar.)
Mines
1
1
1
12-14
11-
1
11-
1-3-44
11-15
12-
11-5
12-
$1
Lincoln
10-25
10-15
11-15
37Vic
Liberty Loan Corp., $3Vi preferred (quar.)™
11-
11-1
12-15
10-14
1
t25c
1
10-11
1
8
1
preferred
(quar.)„
com.
11-
1
Shops,
Co.
11-
1
_____
Cement
11-22
11-
Bake
Belt
6Vir4
40- 1
$iy4
$l3i
11-1
'
;
;
11-15
$1.12%
:
.
9-30
12-30
10-
^
J50c
(accum.)
$1.25
(quar.)
11- 4
Tire.___™.______75c
Lerner Stores
r
1-15-44
5
$134
75c
•
10-
10-28
2c
Co,
preferred (quar.)
Leighton Industries/class
10-15
11-
Motors
9-20
&
Portland
10-29
11-
General
1
1
Rubber
10-30
11- 1
4 10- 9
12-21
11-
t$l3,8
10-5
10-20
25c
$5
preferred
Investors
12-
r 150c
Vz'fi pfd. (quar.)
10-31
10-15
t30c
'
10-31
12-31
t40c
l
15c
$l3/4
(s-a
(F. & R.)<fc
$1V4
(quar.)_
•
4V4
•
_:
Co.
10-9
10-25
Lee
7
lOc
Mills,
12-
2-10-44
10-
10-28
$3
Lehigh
—______
General
12-16
115c
10-20
.
L
preferred
General
12-16
.
3-1-44
$3
10-20
(irregular37'/2c
Lebanon Valley Gas, 6','o pfd. (quar.)
75c
Lazarus
Corp., $5 pfd. (quar.)
Metallurgical,
;v
(quar.)
preferred (quarterly)
preferred
10-15
1
$lVi
(quar.)
7','v
10-20
10-22
'
(quar.
common
preferred
11-1
8
11-
f2c
-
-
10-18
1
;5c
:
(quar,)____
10-20
common
10-30
437J4 C
Power, com. (quar.)_;—
7f/o
Co..
pfd.
10c
(quar,$ 1»/2
$5
6%
25c
;
$H/4
Fuller
preferred
Landis Machine,
,
(s-a)™
& Baking—
(irregular)__;.______
(quar.)__™
$1.20
2nd
Works,
Langleys, Ltd., 7',b conv. preferred
Lawyers Title Insurance (Va.)—
preferred (s-a)
Firestone
;
Water
11-20
(quar.)
10-30
.
JS Ha
Canada. Northern
Kroger Grocery
12-
Extra
K?e-
Cadweil
Linen Mills, 1st pfd. (quar.•.
preferred (quar.)_;
Calgary Powe;r, 6', preferred (quar.)__::.____
Kokomo
10-11
(quarterly)
$1V2
Brewing,- common (quar.15c
Fort Pitt
40c
Byers
10-15
10-25
11-
20c
Mining Co. Ltd.
$1%
Fibreboard Products Inc., 6%'pr.
pfd. (quar.)
Field (Marshall) & Co.
.
Ordinary (interim )
Brooklyn Union Gas_
10-25
10-15
11-25
10-
15c
_
Mines, Ltd. (interim).™
Oil, common...
™__™
Gold
Lane Bryant.
preferred
$3.50
(Mass.)—
Brazilian-Traction Light. St Power—
(The),
414''*>
10-15
•
Property' Trust
10-11
1
$1V4
12-23
(quar.)___
preferred
Feltman
10-15
621/ac
;
1
12-
10-28
15c
:
pfd. (quar.)
(quarterly)
Products
Railroad.
Gold
Lake
1
60c
common
common.....
Cotton
11-
,
11-10
11-
1 Vic
iquar.)
:
Stores Inc. (quar.)
12-23
(s-a)
10-13
12-1
10c
$1.06\\
$l3/4
Federal' Electric, $iy2 class A
Federated Department Stores,
10-15
20c
Kingsburg
Kirkland
12-14
5%
Inc.,
Kerr-Addison
1-3
Quarterly
10-15
$134
Kennedy's,
10-15
$1V4
Federal
10-29
+
Kellogg Switchboard & Supply,
5(4 preferred
(quarterly)
Farmers & Traders Life Insurance Co.
(quar. >
10-11
12-
(quar.)
10-
6%
10-21°
1
& Furnace
Department
25c
_i—
Extra
10-21
11-
10-20
10-16
^6%
10-15
25c
Kaufmann
9
1
11-
Ranch Royalty (s-a).
Naumberg Corp. (irregular)
7V2c
_________
11-
30c
10- 2
'
4
11-15
(quar.)___„
preferred
11-19
1
10-
1
$1«4
11-29
7%
4
1
12-
j
Kalamazoo Stove
7%
10-
11-
50c
(quar.)
Co.
Co., 4lA%
1
t83/+c
___
(quarterly)
<W. B.)
Johnson
10-30
$6
preferred
common
Jonas &
10-11
10-15
11-1
(quar.30c
common
Mills,
10-21
10-25
11-
87Vic
11-15
common
Casualty
Mfg.,
Knitting
12-10
75c
10-15
$1.75
10-21
^
10-30
11-1
9-24
Inc.-—
1
11-10
11-30
$$1.75
(quar.)
Stores
1
1
10-9
}$1.50
(quar.)
12-23
5
9-29
11-1
$$1.50
(quar.)__
(quarterly)!
11-
11-
1*
10-30
7
Canada—
11-
25c
Fansteel
10-15
10-25
30c
:
Jewel Tea
Employers Group Associates (quarterly)____
Engineers Public Service, $5 pfd. (quar.)___
$51'2 preferred (quar.)
_™___________
6',4:
10-15
t25c
:'
'
Edison. Co.
11-
11-1
(quar.)
(quar.)
11-20
de Nemours & Co.^—
preferred
Fairbanks
5
(quar.)._
common
class A
Bon*Ami'.Co., class A (quar.)
Class B (quar.)__-.—
Boston
10-
75c
—
common
1
50C
C
(interim)
Ribbon: Corp.',.
Boston
7c
12-15
1- 3-44 12-20
11-
,
$1.25
________________
par)
preferred
$l>/4
(quarterly)
I.)
Steel
Falstaff
11-
50c
iquarterly)™™_™j_™™4™-
Blaw-Knox Co.
.Blue
\
common
■6'r
Bathurst
l$l3«
Monthly
(irregular)
Co,
Mills,
Paper
SI
Jarvis
11-1
Fair
Atlantic
4 r,:o
10-15
Eureka Pipe Line Co.
$1
Eversharp, Inc., 5.% preferred (quar.)
25c
Exchange Buffet Corp. (irregular)10c
11-10
SI1
'
'*•;
10-29
11-19
11-15
20c
(quar.)_____
Department
Fireman
5%
12-20
10-15
1
50c
Products
prior
11-15
______
$2 \'z
.
___
(E.
($25
A
1
Linoleum
Co.
class
(quarterly)
preferred
7(/o
1
30c
Erie
Rayon Corp;—
;$2.50
1-3-44
(quar.)„
>
Telephone Co., Ltd.—
preferred
Atlantic
Atlas
7/
™_™_
Associaied
$3V2
Interstate
12-15
..
(quar.)
Co.,
preferred
Employers
12-15
'
1-3-44
11-16
12-30
11-
'
10-18
tax)
&
Electric Bond & Share
9
10-20
10-15
1
12-
(s-a).—__
preference
tlOc
$4,/2 preferred
10-13
''10-
1
$l-3/4
$1.43
Ltd.—
12-
preferred
Ltd.
Oilcloth
Chemical
Dow
8
10-20
25c
„™™-4_V™
Cotton
Canadian
Eastern
(quarterly) ___________'
(quar1
11-
10-25.— 10-15
11-20
11- 5
10-29
(quarterly.)50c
•
12-10
12-
Industries Ltd.—
Corp. (irregular,1
International Utilities Corp.—
Jantzen
75c
_L__.
12-21
^
_____
preference,
conv.
7%
9-30
1
Metal
preferred
preferred
Iron
$3
(quar.)___
12-10
:___™j__™
25c
(quar.)__
12-21
3r'c
(quar.)
10c
________
10-15
12-10
40c
International Nickel Co. of
10-
$2
.
Co.—
Douglas Aircraft
8
Appalachian Electric Power—-
4»/2preferred
11-
10-15
12-21
$1V2
Group Shares
conv.
6%
4
10-20
1
Corp.—
$3'/2
Stockyards, 5'/2%
Mines,
du Pont
11-1
Aviation
10-16
1
10-12
11-
Co.'
International
12-15
1
Dominion Tar & Chemical, 5
10-15
10-
10-
11-
10-20
1
(quar.)
$3
(N. Y.) (irreguldri
Corp.-Seagrams, Ltd.—
pfd. (quar.) (payable in U.S. funds
Dome
.10-18
10-18
11-1
1
11-10
Associated Telephone Corp.—
25c
Corp.
Dominion
Fibre
preferred
50c
Extra
Anglo-American Telephone Co.—
\5747p preferred (quar.)_—_______
Apponaug
(extra)
common
participating
57o
10-20
3
'
10-15
1
1-
1
Distillers
Co.—
Cable
&
11-
11-
____
•
& Smelting
prior preferred
Wire
30c ;
50c
$5
+12c
(accum.)
(quar.)
Alkali
Zinc
10-25
65c
(quar.i
50c
Detroit Gasket & Mfg.
Detroit-Michigan Stove
10-22
8774 c
.
$1%
$1
Denver Union
5
$1.75
(quar.)
common
5c
75c
Co.
Discount
_____________—________
$1.87y2
Inc.-
7%.; preferred
3
50c :
______—____—™
Bros.,
&
American
Smelting & Refining Co.—,Common (irregular)
f.77>. 1st preferred (quar..
$1.25
Rubber Mfg.,-coinmon_____L___L____
Dentist's Supply,
5
12 -15
$1.75
7(b pfd. (quar.)
1
11-15
(quar.)$1%
common
pfd.
_______
preferred
77o
Stores, common..,
prior preference (quar.) (s-a)
preferred class A
Deere
8
•
5r'>
12-24
12-
$1%
(s-a)___l-___________:__™._
$4
prior preferred
Davenport Water, 5%
10-14*
1
12-31
11-
11-1
$1.75
preferred (quarterly)
2nd preferred
(quarterly)
Indiana
r
10-15
$1.50
(quar.)
Incorporated Investors
1
10-30
1
11-
Imperial Chemical Industries, Ltd.—
Ordinary shares (final)™,™
10-
11-
$1.75
preferred
_
10-15
9-30
10-15
30c
10-20
I
10-25
11-1
40c
(monthlyj
1st
6%
10-20
lc
(quar.)
com.
11-15
1
10-25
10-19
11-1
25c
•
Illinois
11-15
11-25
25c
(N. Y.)
6%
10-25
10-29
(quarterly)$l'/2
l/o preferred (quarterly)
$134
Co..
10-14
11-4
$1
10-20
11-
11-1
11-15
15c
(quarterly)™
Bros.
10-15
1
11-15
$ln,4
Power,
9-30
$1 >/»
11-15
11-
11-
$1«4
Huttig Sash & Door, 7% preferred (quar.)„_
Huylcr's, $2 conv. partic. 1st pfd. (accum.)
Y
35c
9-28
SHa /
(quar.)_
&
9-28
10-29
(quar.75c
10-20
37VaC
Drug
A
(quar.)._™
(quar.)j_____
10-20
(quar.)
class
Inc.
Light
Hummell-Ross
9-30
10-30
10-25
10-29
preferred
6%
(quar.)__
Mfg. <Mo.)
Curtis Publishing Co.—
11-25
11-15
preferred
RR.
preferred
7'■<>
10-9
1
10-'6
1
11-
68:!ic
11-15
(s-ai
6%
10-11
American Envelope Co., 7% pfd;~A (quar,)
Sl3/4
American Export Lines, 57c pfd. (quar.).™
$1V4
American Home Products. Corp. (monthly)™" :s 20c
pfd.
preferred
Cunningham
10-22*
1
6l/2%
Clinton
pfd.
pfd.
Institutional Securities,
„
.__
preferred
& Port
of Amer., 6'/aft
International
Forster, 8%
Davidson
11-
,
If
12-
10-20
10-15
10c
11-15
$1 y2
Curtis
Power &
__—™™™™_™™_™_™__™
10-20
Corp.,—
Refining,
preferred
Culver
12-15
11-15
&;
Vio-
10-15*
12-
11-
10-15
$1%
(quar.)
com.
7 7(9
7
—
(quar.)__
Cudahy Packing, 6%
12-15
10-30
10-
1
U1 V2
pfd.
(quar.)
participating
Crum
12-15
12-31
SI
(quarterly
Light Corp.—
$3 ronv. class A opt. div.,series of 1928
<;
(1, 64th share of class B stock or 3774c
.in
1
11-
75c
Royalty Oil Co., common.__™
of America___^
Products
Light Co.
Co., 6%
Howes
10-6
$1.63
Corporate Investors Ltd., class A (irregular)
Cosgrove Coal Co., v. t. c. (irregular)
Creameries of America, common_:__________
9-30
50c
__
7%
Corn
12-18
.1
$134
(quar.)
.
American
11-
50c
™™
___™
•
12-29
10-20
$$iy4
(quarterly),
(irregular)™
10-15
15c
10-30
1
15c
Corp.
4$6
10-15
11-
$1.75
7%
Electric
Horder's
10-15
10-14
11-1
$i:50
7'h
pfd. (quar.)__
preferred (quar.)__™
(Interim)__
:
Gas,
I0c
;
_____
Continental Telephone,
10-10
11-1
SI 74
«—______—__
American
10-20
10-20
10-22
1
u
Houston
11-15
10-22
1
Refractories Co.—
(quar.)
& Co..
Battery Co.
7%
1
11-
75c
$l'/2
Container Corp.
10-18
$174.
1
f3C
Industries, Inc.-—
$1.50 partic. preferred class A (quar.)
12-20
7C
(irregular)
4
$5 preferred (quar.)—_
Alberts Super Markets. 6'b
pfd. (quar.)
Allied Stores Corp., common
Aluminum Co. of Canada, 5'/o pfd. (quar.)
Aluminum Manufacturers, common (quar.)__
7% preferred (quar.)__„.
Acme
12-
J3c
.
Consolidated
10-25
6-14-44
11-
11-
(quar.)_™_
$l»/4
Association (Ontario)
Laundries
preferred
$i>/4
12-22
75c
11-20
1
1
50c
$4 convertible preferred (quar.)™
Hibbard, Spencer, Bartlett & Co. (monthly)
Higbee Co.. 5% preferred (quar.)
Holly Development Co. (quarterly)
Holly Sugar Corp.,. common (quar.)__:™__™
11* 1
Consolidated Chemical
Companies
<irreg.)_
Hat
t$2
10-
$1.75
(quar.)__
Inc. (quarterly)
Light Co.—
Hercules Powder
Electric—
Quarterly
(A.)
Hartford
3-14-44
f25c
10-13
3
1
12-10
$i3/4
1
1-
75c
(quar.)
Miscellaneous
10-16
$l»/4
comnion__.__„4
Ohio
11-
Co.,
preferred
Extra
7
(s-a)
Connecticut River Power,
Consolidated
Industrial and
11-20
1
15c
Consolidated Cigar Corp., 6^2%'pfd. (quar.)
Consolidated Edison Co. of New York, Inc.—
$5 preferred (quarterly)
11-
35c
(quar.)__
1
11-
11-15
(s-a)_
l
t.40c
Horn <fc Hardart Co.
1-3-44
30c
(irregular)™
(Portland, Ore.)
10-15
12-
62Vac
prior pfd.
npn-cumulative
Hart
25c 10-14-44 9-14-44
■
-■
1
L.)
Harrisburg
Ry.—
(quarterly).™
Co.
(quar.)_
preferred (accum.)______
4-1-44
S2.50
11-
25c 7-14-44
Edison
7%
Gas,
10-15
5
25c 4-14-44
(quarterly)
preferred
11-22
1-3-44
1
(H.
6%
10-11
11-
10- 9
Belyea, class A, common™
Harris
25c 1-14-44 12-14-44
(quarterly)
& Southern
$2.50
™
l
12+
(quarterly)__________
Mines_____________
series
A
11-
$iv4
Electric.
preferred
S2.50
(Houston)
-
Bank
10-
10-25
Hosiery Co. Inc., 7Vo pfd.
Harbison-Walker
9-30
10-21
11-
$1V2
common
G'/t>
10-14
1
$1V4
&
Greenfield Gas
8
10-
(quar.)
B
Green
10-14
10-29
15c
(quarterly) 1
Preferred 5%
S2
National
&
10-29
11-
_______
Ltd.
5
10-
5%
0/Rec.
10-18
preferred (quar.)_
$6
Class
.
Gold
Co.,
preference
(quar.)
Seattle-First
new
preferred (quar.)
Ltd.
Plow
Holder«
Payable
25c
;__™_
Gordon
Gotham
!
10-9
1
Mills,
Inc.,
Hershey Chocolate Corp.,
Clinchfield
12-31
1
$1
12-24
1-3-44
Gimbel Brothers,
9-30
9-30
$i34
12-31
1-3-44
10-
$1.75
____________
SI
(quar.)
1
10-30
10-30
$1.50
10-30
25c
Pa.)
11-
$1)4
11-15
25c
(quar.
—_______—__.:™_,
Bank
11-30
10-20
$1
(quarterly 1
Cleveland Cincinnati Chicago & St. Louis Ry—
5 (/o
preferred
(quar.)
■
National
2
25c
Insurance
7%
1-
17c
(quar.)___
Coal,
When
thare
Giddings & Lewis Machine Tool Co.
Gillette Safety Razor,
$5 preferred
11-1
common
—
410-11
11-15
12!4c
•_____
preferred
5%
11-1
$iy4
$1.13
______
Munsey Trust Co. (Wash, D. C.)
10-15
Oil
Per
■■■
Name of Company
10-11
11-
common
Cincinnati New Orleans & Texas
12-25
v
Cotton
i
of Rec.
1
J25c
held)
(irregular)—
(quarterly)
i
Order,
11-
|10c
50c
Merchants Natl. Bank & Trust (Syracuse)—.
Common
(quar.)
Pa.
12-21
$3
(quar.)„,___
of Pottsville,
Mail
Quarterly
Quarterly
Quarterly
—
40c
Miners Nat'l Bank
Chicago
10-20
50c
3774
(quarterlyi™
Merchants Nat'l Bank of Boston
12-10
.
Chickasha
(quar.)_____—
Mercantile Nat'l Bank (Dallas)
(1/10th share of
preference for each
Lincoln Alliance Bk. & Trust (Rochester, NY)
Common (quarterly) 4i™™_.™;™™™_™_';;
National
Stock dividend
9-30
1
12-14
40c
__
4% convertible
c
$174
lquar,)_
(Chicago)—
Quarterly
Marine
25C
3174
—
(Wichita, Kan.)
(quar.)_!__
_____________
_
First Natl. Tr. & Savs. Bank of San Diego—
Common
(quarterly)
Carolina
10-31
12-31
$2
_™_j™™m™™__„„
__—
Ltd.
Corp,,
Cos.
Celotex
(Montclair,
First Natl. Bk. & Trust Co. (Oklahoma
Quarterly
Canadian
(Macon, Ga.)-
—_™__„_™™_™—
Nat'l
N.
Investors
12-10
5c
Trust
Quarterly
First
Canadian
12-17
_
Bk. &
First Natl.
i$l.30
_____________________
Industries, class A
B
Payable
Gosnold
70c
■
1575
Holder1
■
'hare
•;
(quar.)
com.
(quar.)___
Canadian Foreign Investment Corp.—
$1
—.—
First National Bank (Tatnaqua,
5/4? 'preferred
50 c
_____„™—.4———.^——;
Extra
l
12-1
SI
.
™:
Monthly'
1
50c
-™™_-™™™™__™™_
Monthly.
11-
__——
Bronze
When
'
3774c
,10-20
9-30
$174
11-1
10-18
11-
10-18
$1.0674
1
THE COMMERCIAL & FINANCIAL CHRONICLE
1576
Per
share
per
of Rec.
10-30
10-15
Simmohs
50c
10-30
10-15
Simpson's
;
<
Extra—
of
dividend
share
1
Sinclair
34
each
for
.
Co.
Ltd.,
held./
:
a
Mountain
5%
each
States
Power Co.,
10-30
37V2c
62V2c
25c
(quar.)—
com.
preferred
(quar.)———,—
Munising Paper, 5% 1st pfd. (quar.)
Mutual Chemical Co. of America—
—
preferred (quar.)—
Narragansett Electric Co., 4'/2%. pfd. (quar.)
6%
National Auto Fibres
11- 1
.11-1
National
Casket,
common
National
Chemical
National City
12- 1
&
10c
11-1
10-15
50c
11- 1
10-16
75c
50c
2c
$2V2
$iy2
11- 1
11- 1
10-16
10-30
10-20
35c
35c
(irregular) __Y-_w'Y
(quarterly)______
Mfg.
class A (quarterly)
$3 convertible preferred (quar.)
National Distillers Products (quarterly)
National Electric Welding
Machine (quar.)
National Erie, 5% non-cum. 1st pfd. (s-a)
3% non-cum. 2nd preferred (s-a)
National Funding Corp., class A (quar.)____
Lines,
—
Class B
National
(quar.)
Lead,
6%
preferred B
Neisner Brothers,
4%%
11- 1
11- 1
11- 1
$1.18%'
Merchandise
Hundred
Class A
6%
North
Northern
6%
Illinois
Corp.,
9-30
._
25c
12-10
11-23
25c
11-1
11-
Co.,
Union
9-30
mv2
10-25
9-30
class
6%
7%
—
11-
10-18
6%
1
10-18
7%
11-
1
10-20
6.36%
1
11-15
11-15
6%
10-15
10-15
cumulative
cumulative
class
A
1
10-21
5%
preferred
1
10-15
5%
preferred
5%
oreferred
11-15
2-5-44
11-15
10-15
11-
10-
11-
1
U.
11-
1
U.
11-
$1 Vt
1
10-15
50c
10-22
10-15
$5
10-25
10-
11-
1
11-1
$1.10
10-
Ry.
Employees
stock
(quar.)_.
—
15c
10-20
9-30
12-15
I5C
10-
8
50c
11-15
11-
1
10-15
$1.12
11-
1
10-20
$iy2
Co.,
preferred
non-cum.
$5
Reliance
&
Mfg.,
6%
B
Natural
preferred
Richmond
Riverside
Rochester
$1(4
Button,
$6
1
common
1
11-
1
15c
11-
1Y
1
Antonio
Ban
Gold
11-
1
Francisco
■
$1
15c
______
$iy2
•
Bchulte
Bcott
$4 preferred
(quar.)
Candy Shops
(Laura)
Security Storage
Bhawinigan Water & Power (quar.)
Common
Co.
(interim)
of
Canada,
—
11- 1
Bilbak Premier Mines, Ltd, (irregular)
10-15*
1
10-15*
12-20
—345,783
+
4,961,660
guaranteed
9.061,559
-325,783
"9,091,822
—320,033
Due
U. S. Govt,
from
F. R.
foreign
+
securities,
banks
notes of other
101-
Bank
11-30*
10-20
1-15-44
4-15-44
7-15-44
12-10
3-10-44
6-10-44
62V2c
127
banks
■74,475
+5,252,235
4-
3*
7-
38,463
Total
2-25*
:
—
■
4
+
1,276
+
9,113
—320,273
+
4,780,468
1,766
11-
1
10-30
31,253,346
15,386,575
+
12,021,123
Member bank—reserve acct,_
10-16
$1
asset3
+ 117,826
77,721
+ 4,476,973
Deposits:
5-25*
$1
10-25
1
U. S.
Treasurer—gen. accts..
Foreign
'379,732
1-3-44
12-24
Deferred
12-10
12-
Other
11-
1
307,335
24.511
+
30,940
+
313,540
256,752.
10-16
2-1-44
-v +
—
12-27
$1.75
281,487
+
12,357
+
366,801
1-1-44
:—,
—633.646
1,254,286
Other
1-15
1
deposits
availability items
iiabs., incl. accrd. dtvs..
14,021,942
7-15
10-20
10- 9
hi
12-15
11-12
Surplus
11-12
11-10
12-29
+
22
7)
61,979
—
1,782
+4,730,310
4.889
+
160,411
+
'Y 26,829
13b)
+
48
+
42,300
+
4,780,468
2,909
10-29
30c
229
-320,780
Other capital accounts
12-15
30c
(Section
(Section
129.702
—
150,195
Capital AccountsCapital paid in.
Surplus
+
7,727
30,822,400
5-1-44
8-1-44
4-15
—527,974
1,406,156
Total liabilities
$134
J25c
—
+
7 1.652
+
—
Liabilities—.
F. R. notes In act. circulation.
37V2c
______
36.648
64,843
37V2c
———
80
35,632
+ '
+
assets
3*
5
37V2c
——
47756
3*
11-26*
12-
5,255,76$
+
+
—
1,675,844
premises
Other
9
12-
:
2-
37V2c
1
93,511
485
■>
12-15
Total liabilities Si cap. accts.
Ratio of total
31,253,346
Commitments
to
—320,273
to deposit St
res.
F, R. note liabilities combined
69.1%
+
10,466
+
1.0%
15.5%
—
indus¬
make
trial advances
$1.25
(quar.)
(s-a)
—
12-
1
20
191
+
11-15
$2.50
12-
1
11-15
•Oct.
figures revised.
6
Foreign Exchange Rales
Pursuant to the
requirements of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank is now
11-
1
world.
We give
below
11-15
11-
12-1
11-15
11-
10-13
t3c
record for the week just passed:
RATES
CERTIFIED
BY
FEDERAL
' '
Noon
,
$
v
l
11- 1
9 V
5
9-30
.
'
Australia, pound-™
—
.297733*
.'Y
$
:
.297733*
.251247*
3.228000
l
'' 7
_
.
Transfers in New York
■•;•'
•
Oct. 13
Oct. 14
$,
.297733*
.251247*
Y
.297733*
V .251247*
3,228000
3.228000
3.228000
•
.297 733*'
.251247* '
3.228000
...
Brazil, cruzeiro—
Official—
'.060586*
.060586*
.060586*
.060586*
.051275*
.051275*
.909090
.909090"
.051275*
.051275*
Official—
.909090
,909090
.893515
.884843
.876875
.572766*-;
.572766*
Free
.060586*'
.051275*
9-30
12-15
x-
$
■
■
Free—
11-
12-23
7 : :
Oct. 12
Oct. 11
Oct. 9
.251247*
v
•
%
Value in United States Money
Oct. 8
OfficlaL_r__
y:
1943
Buying Rate for Cable
Country and Monetary Unit
Argentina, peso—
'/ "■
RESERVE BANK TO TREASURY UNDER TARIFF ACT OF 1930
OCT. 8 TO OCT. 14,
11-20
H5c
a
EXCHANGE
FOREIGN
■
10-
cer¬
tifying daily to the Secretary of the Treasury the buying rate for cable transfers in the different countries of the
10-21
12-23
12-15
12-15
12-
11-5
10-20
11-
10-20
5
1
12-31
Canada, dollar—
Colombia,
,
:
.572766*
peso—
England, pound sterlingIndia
(British),
rupee
-
12-15
Mexico, peso—!
-
.879732
,
HOLIDAY
'"
'
.90909 0
'
.888671
.572766*
.572766*
4.035000
4.035000
4.035000
4.035000
.301215
.301215
.301215
.301215
,301215
.205800
.205800"
.205800
.205300
.205800
4.035000
Newfoundland, dollar—
11-
1
10-11
$1
11- l
10-20
11-1
10-20*
12- 1
11- 1
Official—
.!
—
.909090
;
Free__
.909090
.909090
.909090
:909090
.891041
.882291
.874791
New Zealand, pound
3.244203
3.244203
3.244203
3,244203s
3.244203
3.980000
3.930000
3.980000
3.980000
3.980000
i
;
$1
10-11
10-
87y2c
11- 1
10-19
Union of South Africa, pound-
122c
11-25
10-25
115c
11-
1
10-19
10-25
9-25
.877291
•
.886041
■
Uruguay, peso—
••
5
Controlled—
12c
.658300*
.658300*
-
.658300*
.658300*-
,658300*
Noncontrolled
Ltd.—
—
153,773
777,474
5,461,461
62V2C
—
pfd. (quar.)
& Worts, Ltd.—
common...
preferred
preferred
1
$5
(quar.)_
5%
10-15
$iy8
$20c
—
Sharp & Dohme, Inc., $3.50 pref. A
Bherwin-Williams
11-
12- 1
(quar.).:
(interim)
-f
10-15
1
10-20
Inc., preferred (accum.)
preferred
Becord
1;
11- 1
11-
25c
1
37'/2c
(D. A.)
12-
Loan Association—
Paper Co.,
$4V2
>
37»/2c
_______—.—_________
Remedial
20,000
1,379,150
—
10-11
21c
class A (quar.)
Quarterly
333,127
—
689,900
10-11
11-1
$1%
$1.31V4
Mines. (s-aJ7c
_____
1,531.048
Total bills and securities
10-19
1
11-
10-16
_____
Extra
1
11-
25c
$1.25
(quar.)
preferred (quar.)
10-15
10-25
6% preferred (quarterly)—$$l»/2
Baguenay Power Co., 5y2% pfd. <quar.)____
Hl3/a
Bt. Lawrence Flour Mills, common (quar.)__
135c
7% preferred (quarterly)
Hl3/4
Bt. Louis Bridge, 6% 1st preferred (s-a)____
$3
3% 2nd preferred (s-a)_________
$1V2
Bt. Louis Public Service Company—
■
Class A and Class B (irregular)
25c
Ban
11-
25c
75c
preferred (s-a)
5%
10-15
11-
;
10-21
•
(quar.)—_Y
direct
guaranteed:
direct and
Washington Railway & Electric Co.—
10-22
15c
Holland Paper Co. Ltd., common
683/4c
40c
12-15
11-
25c
(quar.)—-—v-
4,864
12-23
40c
12-15
12-21
30c
{quar;)—"
securities,
12.459
+
—
-
11-15
12-21
-
y.
5,710
-f
10-21
37'/2C
(qiiar.)
preferred—:.:.—-
520,012
7,595
Total
10-15
—50c
convertible preferred
12-29
11-
12V2c
(quar.)
33,412
4,061
Govt,
Certificates
3-15-44
9-30
12-
—
—
40
6-15-44
10-25
1
75,558
—
Bonds
1-15
11-
20,307,772
Notes
10-25
50c
96,593
+
12-17
4-1-44
7-1-44
11-10
$iy4
(quar.)
Cement,
1-3-44
$iy8
10-20
+
11,954
S.
12-15
9-30
40c
Y.)
1-
10-20
10-21
1,160
11,822
5,710
and
10-25
1
+
—
Gov't obli¬
Industrial advances
U.
11-15
1
11-
—692,163
18.309
12-15
11-10
11-11
Oct. 14,'42
22,750
18,309
12-15
1-
$l'/4
1
(N.
1-
67V2c
(quar.)
Insurance
12-
Co., $1.35 class A (s-a)_.
25c
—
Total bills discounted.
10-15
Warren
$4.50
Decrease since
gations. direct & guarant'd
bills discounted
11-15
37J/2C
Gooderham
Bros.
114,059
318,748
Secured by U. S.
11-15
Washington Gas Light, $5 pfd. (quar.).
-
Rhode Island Public Service,
111212-
10-20
$2V2
(quarterly)
Gas
10-15
10-25
_____
common
preferred
11-
11-
(quar.)
Revere Copper & Brass, 7% pfd.
5V4% preferred (quarterlyi
Reymer & Brothers (irregular)
$2
6%
or
6,'43
Other
1
1
Oct.
10-15
30C
(quar.)
Common
Republic Investors, Fund, Inc.—
6%
preferred A (quar.)
Republic
10-15
11-25
Engineering—
preferred
conv.
1
11-
20c
Reliable Stores, common (quarterly),
5% convertible preferred (quarterly)
Reliance Elec.
11-
11-
$3
Reed (C. A.) Co., $3 pfd. class A (accum.)
Regent Knitting Mills, Ltd.—
$1.60
10-19
$iya
(quar.)___-_
common
10-19
1
11-30
f25c
$6 preferred (accum.)
Rath Packing Co., 5% preferred (s-a)
Reading
10-15
1
40c
(quar.)
preferred (quar.)
Co.,
notes
Total
preferred
Walworth
19,874,965
cash
Total reserves
Bills discounted;
Co.—
preferred (quar.)
Detinning Co., 7%
$1
1st preferred
(quarterly)
Quaker Oats Co., 6% preferred (quar.)
Quebec Power Co. (quar.)
;_
Radio-Keith-Orpheum Corp., 6% pfd. (accum.)
RR. Employees Corp., 80c preferred (quar.)_
Railway Equipment & Realty—
conv.
11-15
50C
(quar.)—
Knitting
(H.)
12- 4
9
11-
$1.25
Common
purolator Products Inc.—
$4V2
10-
Light—
&
preferred,
Walker
10-15
60c
;
11-10
$1.25
(quar.)
6%
8
12-15
and
Uncollected items
(quar.)
6%
12-15
11-
$1%
(initial)
Redemption fund—F. R.
Other
50c
—
(quar)
preferred A (quar.)
preferred
hand
on
10-30
$iy4
(quar.)
(quarterly)
Chemical
preferred A
6%
Oct. 13,'43
certificates
10-15
$iv4
5% prior preferred (quar.)—
Vapor Car Heating, 7% preferred (quar.)
Virginian Ry., 6% preferred (quar.)
9-30
60C
Bills
9
10-20
10-15
10-15
10-30
50c
10-
•;$iy2
11-
10-15
1
11-1
Increase
Gold
11-15
53c
Utica
9-27
11-1
J20C
thousands of dollars)
Assets—
,■•
11-15
10-20
$1V4
preferred A
Vulcan
Power
10-15
58Vbc
5
10-25
—
1
50c
10-
10-21
*
11-
(In
10-15
53c V
preferred
6%
$$1.75
$37l/2c
______
12- 4
1
58V3c
Universal Laboratories, common (quar.)
Universal Leaf Tobacco Co,, com. (quar.)—
Universal Pictures Co., Inc. (initial).
10-20
of N. J.—
(monthly)—.
& Light, .com.
preferred
Sound
1
10-15;
10-15
Ltd.—
•
10-20
$1
7% pfd. (quar.)
Ltd.__i__—:______—_—
Mines
Public Service Corp.
1
10c
.
_
Pollack Paper Box Co.,
Proprietary
11-
50c
.__
(quar.)____________
Co.
10-1*
10-
$3>/2
(quar.)____
Pittsburgh Coal Co., 6% par tic. pfd. (accum.)
Pittsburgh Screw & Bolt—
Cordage
10-22
1
1
Corp.—
Upper Michigan Power
preferred (accum.)
12-15
11-
53c
—
10-22
10-15
11-
11-
Reserve Banks Combined
10-22
58MjC
—
6.4%
50C
10-31
15c
$iy4
___
30%
11-30
11-
;
—^
6.4%
1
10-11
$1.50
(resumed)
—
11-10
$1.18%
quar.)
■
6.4%
1
40c
Northern
11-22
12-10
10c
Quarterly
S
Plywood Corp., common (quar.V__
S. Sugar Corp., $5 preferred (quar. >
$5 preferred
(quar.)
15c
Participating preferred (irregular)
Philip Morris (shown under letter M)
Phillips-Jones, 7%
Industrial
10-15
10-15-
Co.—
(quar.)
James
10-18
11.1
Statement of Condition of the 12 Federal
United States Pipe & Foundry Co.—:
1
1
Common
Piedmont &
S.
1
(quar.)
1
10-30
15c
Extra
12-
$l'/2
pfd.
1
U.
&
1
$1
11-24
1
11-15
t37l/2c
(quar.)
(quar.)
Cold Storage
Alexander
25C
partic. preferred (quarterly)
U.S.Hoffman Machinery, 5'/2% pfd.
12-
——
12-
12-15
11-15
$1.75
—
4%
11- 5
2-15-44
S.
$1.10
;—1—
preferred (s-a).
12-15
U.
$1.27 y2
___
Philadelphia Electric Co., 4.4%
Philadelphia Transportation—
1-1-44
1$1%
preferred class A (quar.)——_
Pennsylvania Power Co., $5 pfd. (quar.)—_
Pepsi-Cola Co.
—,
.-■common
12-10
175C
5.10%
Co.,
1-10
(1897)
$1V8
;.
(quar.)—
(quar.)
He
preferred
Power
1
11-
8
1
12-
50c
(quar.)
10-13
Electric
11-
$iya
—
due from U. S. Treasury,,..
(quar.)
(initial
$1.50
10-
Jamaica income tax.
•Transfer books not closed for this dividend.tOn account of accumulated dividends.
JPayable in Canadian funds, tax deductible at the source,' No»«
resident tax. 15%; resident tax. 7%.
a Less
British Income tax.
Mfrs.—
&
11-
35C
(quar.)
(quarterly)——_
6%
preferred (quarterly)-.
Pennsylvania Electric Co.—
4.40% preferred class B (initial)—:
A
(accum.)___
(quar.)
common
1
5
12-
20c
•;
(monthly)
Merchants
$6 preferred
11-
9-17
1
12-15
10c
(monthly)
11-
35c
(quar.)
class A
common
preferred
preferred
United
50c
_
pfd.
10-30
$1
32V2c
: y:
10-
10-20
11-
$1%
preferred (monthly)
preferred (monthly)
preferred (monthly)
prior preferred (monthly)_
prior preferred (monthly)
11-
Inc.,
Hosiery,
Extra
xLess
10-11
25c
6.36%
8
Co.
_____________
Quarterly
10-15
$2'/2
prior
10-
125c
$1.30 pfd. (quar.)
1
90c
—
(quar.)___
class
$4.75
(quar.)______
Zion's Cooperative Mercantile Institutions—*
10-15
11-
50c
prior
10-29
40c
$1.40
6%
10-15
1
t$l%
Peninsular Telephone, common (quar.)
Puget
10-30
50c
Co
$1.40
Drug,
50c
(interim)
com.
1
50c
(quar.)
Light & Railways Co. (Del.)—
prior preferred (monthly)
6.36% preferred (monthly)
12-
10-18
$7
Paymaster Consolidated Mines, Ltd. (interim)
Plymouth
10-15
1
11-
$1V4
(s-a)
7%
10-30
Ltd.,
12-1
United
10-15
$1.25
——
Philadelphia
10-15
t$l%
(quar.)
(quar.)
Ltd.,
1
10-30
10-20
H'/2
Co.
Pennmans
United
11-
2(Tc
—:
A
9-30
50c
(quar.)
Products, Ltd.,
&
California
Corps.
20c
$1.31 y4
:
—
■__
Pacific Public Service Co.,
Parke Davis
of
United Drill & Tool, class A
Class B
(quar.)___.
—
11-
20c
(quar.)
9-30
—___________—
preferred
Oil
12-20
1-2
&
7% preferred (accum.)
Zeller's Ltd., common (quarterly)
6%
preferred (quarterly),
10-15
$iy«
•
pfd.
1-3-44
J25c
Ltd.
$iv4
(Mo.), $4'/2
10-14
(quarterly)—_______—
Filters,
Electric
10-20
(quarterly)——;
Ontario Steel
6%
10-15
10-30
—
11-15
pfd.
10-11
Wood
10-18
He
10-15
preferred
1
10-19
11-1
7
11-
10-19
10-23
20c
1
$1 Ve
(quar,)
10-
10-30
t2«/2c
—
(quar.)
(Dallas)
10-25
United
1
$1
common
$iy2
common
;
United
Coal,
(quarterly)
Twin City Rapid Transit Co.—
7%
preferred (accum.)
Union
11-
2
37V2C
preference
$5
7
20C
_____
5'/2% preferred (quar.)
Tung Sol Lamp Works, common
80c
10-
—
__
Gold
—
'
Extra
Outlet
10-20
1
Ltd., 5%
Wisconsin Public Service, com.
5% preferred (quarterly)
12-17
11-
10-15
11-15
11-15
$1V8
Wlsconsln
10-30
12-31
J75c
(quarterly)
_________
(accum.)
Shoe
preferred
7%
683/4c
11-15
______
$12c
Engineering Co
Co.
9-30
37V2c
(quar.)
31V4C
25c
Truax-Traer
(Del.)—•
Ogilvie Flour Mills, 7% pfd.
Oilstocks, Ltd.
(special)
Okonite
10-20
_______
(accum.)
Extra
Oliver
75C
(quar.)_
(quar.)
preferred
preferred
5%
1
12-
11-1
$1V2
/$l3/4
(quar.)__
t$ 1 >/4
Winstead
10-16
12-15
% 17'/2c
preferred
(quar.)____
■..
1
60c
6
■
common—
Mines, Ltd.
Trinity Universal Insurance
10-22
common
Northern States Power Co.
7%
11-
11-10
9
12-
10-23
f75c
Thatcher Mfg. Co., $3.60 preferred
Thermatomic Carbon, $5 preferred
10-15
10-20
1
11-15
common-
preferred
Power,
Northern RR. of New Hampshire
Nunn-Bush
11-1
11-
$1
(quarterly)-
75c
,
—
________
Co.
Insurance
preferred
12- 4
10-15
12-15
11-15
1
$1V4
6%
(quar.)
(George)
Wilson
11-
1
preferred
Wllsll,
12-15
10-
(quarterly)
12-
12-
433/4c
___
of Rec.
12-16
• >'
•
preferred
6%
—
Super Mold Corp. (Calif.) (quar.)_
Tacony-Palmyra Bridge, 5% pfd. (quar.)
Texas Gulf Sulphur Co. (quarterly)
10-16
10-16
50C
—
(accum.)
Ontario
Northwest
15c
i.
(accum.)
preferred
6%
6%
10-15
10-20
1
10-20
$1.12 V2
Extra
$iv4
Ry., adj. preferred.,—.—
convertible
$1.50
Northern
11- 1
11- 1
(quarterly)
common
25c
.
Holders
Westvaco Chlorine Products, $4% pfd.
(quar.)
$1V4
Mines, Ltd. (interim)
preferred A (quar.)__
Co.,
11-
$1%
(accum.)
4J/2%
Ray Drug
Weston
1
$1%
(quar.)___
Consolidated
Sun Oil Co.,
Toburn
_.
preferred
River
Sullivan
Investment—
preferred
5Vz%
10-22
10-15
10-14
10-15
preferred
Penn Electric,
7%
10c
(quarterly)
2nd preferred
10-20
11-
$1.62 V2
(irregular)___
com.
preferred
Canada,
11-15
7%
5%
(quarterly)——
Payable
(quarterly)—
Western Tablet & Stationery—
$1.20
&
preferred
$4
Corp.—
Western
North American
7%
'
—__
(quar.)
Norfolk &
-
Co._:
11-1
Co. of
9-30
10-20
Co.—
Stouffer Corp., class B (Increased)
Suburban Electric Securities—
•'
...
$1%
$1V2
.
Nineteen
1
9-30
9-30
10-20
Sun
converible preferred (quar.)—
York
12-
10-20
Service
Co.,
10-20
Electric—
preferred (quar.)
Steel
Inc.—
Newberry (J.J.) Realty Co.—
6Va%
preferred A (quar.)
6%
preferred B (quar.)
Newport News Shipbuilding & Dry Dock—
$5 convertible preferred (quar.)__
New
12-20
5%
1
$1V2
$ll/2
$6 pfd. (quar.)
preferred (quarterly)—
5!/2%
Tea,
10-15*
12-
13%c
(quar.)____
National Power & Light,
National
10-29
12-20
Public
R.)
(quarterly)
t20c
(quarterly)
&
Sons, $5 pfd. A (quar.)__
Brands,. Inc., $4.50 pfd. (quar.)__
Standard Fire Insurance Co. (Trenton, N. J.)
Quarterly
'
Standard Wholesale Phosphate & Acid Works
Quarterly
Stanley Works, 5% preferred (quar.)
Stecher-Traung Lithograph Corp.—
10-21
(quar.)_
——
(E.
preferred
11-15
West
Standard
11-10
11- 1.
11-15
—_____
Co
Gas
convertible
Squibb
convertible
m'/a
Co,— "
(quarterly)———
preferred
$1.75
37V2c
Edison
(quar.)
Indiana
.
When
share
Company
Indies
Sugar, common (Irregular)
West Michigan Steel Foundry—
•;
10-15
preferred
6%
10-13
15c
50c
50c
pfd.
conv.
Battery
11-15
Southwestern
10-15
$2V2
—
National
12V2c
West
9-30
Sparks-Withington
56V4C
(s-a)__
1
12-16
4.8%
6>/2%
12-28
11-
Southern Canada Power
Southern
Per
Name of
10-11
t$l%
10-15
9-30
9-30
10-20
•
$1V2
6%
Nashua & Lowell RR.
10-20
10-20
11- 1
of Rec.
10-20
(accum.)__
California
Common
share held, upon which
stock dividend is not paid——.——
for
$1.07
preferred
(Howard)
Southern
receive
will
stockholders
Instead
be Is¬
shares will
fractional
No
sued.
6y2%
Monday, October 18, 1943
Holders
Payable
25c
;
Corp. (quar.
Paper Mills, 6% pfd. (quar.)
Oil
'
Smith
;
When
share
Name of Company
Payable
25c
-
& Co.
(John)
Stock
Holders
(quarterly).——-—
Name of Company
Morrell
When
.529550*
.529550*
-
.529550*
.529550*
.529550*
•Nominal rate.
,
Number 4221
(Volume 158
THE
by
Barnes
&
purchasing or carrying securities increased
$81,000,000 in New York City, $15,000,000 in the Atlanta
Philadelphia,
Lofland,
on
STOCKS
Hardwick
250
40
&
Magee Co.,
capital
par)...!......
($100
Philadelphia
35
39'A
10Vu
Warehousing & Cold Storage.,...,
Building & Loan Association......——
Thrift
$586.24
Bank
—
Balance U.
15
Center
$20,000
Second
Moriches
Bank '& Trust' $427.96
S.
Gardens, Inc., preferred
Premises 2535 Shore Road,
New
$9 lot
____
Mortgage,
field,
$2 lot
$26 lot
______
Jersey
^—
Holdings of Treasury bills declined $54,000,000 in the
Chicago District, $37,000,000 in New York City, $25,000,-
share
$ per
North-
$1 lot
,
States Government
The condition statement of
banks
of
Federal
the
weejdy reporting member
Reserve
System in 101 leading
cities shows the following principal changes for the week
ended Oct. 6: An increase of $389,000,000 in United
States Government deposits and a decrease of
$291,000,000 in demand deposits-adjusted.
Commercial, industrial, and agricultural loans in¬
creased $33,000,000 in the San
Francisco District and
$70,000,000 at all reporting member banks. Loans to
brokers
and
dealers
in
securities
increased
$41,000,000
in New York City,
$15,000,000 in the Chicago District,
and $90,000,000 at all reporting member banks.
Other
Corporation and
reporting
member
all
Weeks
&
Stubbs,
Inc.,
A
of the principal assets and liabilities of
reporting member banks, and of debits to demand de¬
posit accounts, follows:
provision
at
$402,500.—V.
158,
and
Putnam
company, with offices at 444
until 12 o'clock noon on Nov.
to it
of
Madison
1,
1943,
Sought—
Ave.,
New
for
Y.,
N.
the
sale
Herald
Square Building first mortgage leasehold sinking fund
income bonds due March 1, 1948, for account of the
sinking fund.
President M. Silberman, on
May 1, in a notice to the bondholders,
said
in
company has accumulated cash available for the
its bonds and has deposited with
The New York Trust
Co.,
way, New York,
be used insofar
bonds
the
at
N.
to
of
Y.,
as
prices
right
excess
its
as
tenders
of
sum
the
requiring
$26,000
for
the
future
to deposit the
necessary cash with The
As the bonds are traded at a
flat
bonds
and
are
be
or
the
accepted
Dec.
10,
31,
1943,
ees'
advised
are
that
plan
shares
and
shares
Co.
the
be
made
interest
will
be
%JThe Commission,
I6r
redistribution
restrictions,
and
for
whether
The
found
capital
that
and
voting
for
reserves
SEC
bined
the
clause.
of
of
as
were
last
aggregating
adequate.
Dec.
31
$844,937.
The
Commission
pointed
value
par
of
out
the
that
Tide
such
deficit
a
Water
The
ratio
of
adjustments
of
total
total
was
debt
latter
to
to
by
net
the
plant
plant
had
com¬
and
136.09%,
total
a
The
V.
of
p.
capital
for
A
close
the
issue
new
issued,
five old
of
merging
which
preferred
stock
by
stock.at
property
to
be
valuation
96.97%.
set
a
The
ratio
property, as adjusted, plus other net
ratio of total debt and
preferred stock at
as
dividend
plus
other
to
arrearages,
net
of last Dec. 31
assets,
hearing
for
total
amount to $29 a
Oct.
18
in
net
amounted
the
to
share,
matter.—
682.
Consolidated
Years End. June 30—
Income
1943
Union
14
new
$
Account
1942
1941
1940
$
$
45.653,465
3,413,902
20,427,001
3,064,557
42,239,564
17,362,444
6,053,519
929,913
286,681
492,729
170,900
Operating profit
income
$
2,336,045
income
&
State
Prov.
for
net
19,230,758
42,526,245
17,855,173
6,224 419
1,250,000
112,825,000
5,200,000
4,300,000
2,500,000
29,300,000
7,700,000
____—
taxes
Excess profits taxes
loss
of
29,191
.
for
def.,
rang.,
other
Initial
plant
war
pay.
rear-
maint.
not
operations
Prov.
Profit
on
Profit
on
poss.
other
for
'Net profit
Common
•
Net
adj.
one
new
share
per
and
loss
at
account
on
$642,141
■>
1,250,000
20,007
.
______
2,479,937
2,655,814
103,656
5,205,190
4,215,894
9 89,296
out¬
standing (par $10)..
Earnings per share....
42,986
16,257
12,639
$659,572
$746,391
$601,157
156,949
32 374
$448,611
$589,442
39,683
$497,771
$476,311
44,428
$629,125
4,972,038
3,649,059
3,964,000
3,214,763
Interest
or
disposal
expenses
Miscellaneous
of
+
4
Other
2,946
—
8,200
—106
Cash
17,608
991,975
988,075
$5.25
$5.01
$3.69
vault
/
normal and
Prov.
for
Fed.
excess
profit
Dividends
Earnings
Time
deposits-adjusted
123,665
58,928
130,257
tax...
—
$257,297
$298,644
147.262
49,649
.
Interbank
Debits
banks
Interbank
during
share...
.
banks
and
on
hand,
accounts and notes
and
715
+
10,803
37
—
2,503
48
—
7
+
89
22
+
32
+
39
—
deposit accounts except
and
U,
S.
Gov't
accounts,
week
12,617
debits
week.
previous
__
Sheet,
13,578 (Chicago District)
....
30,
June
1943
and demand deposits,
$1,067,069; • accounts
inventories,
$1,503,535;
machinery and equip¬
ment purchased for the U, S. Government under contracts with the
War and Navy Departments, $333,217; inventories and other charges
receivable,
and
because
of
of the termination of subcontracts for the con¬
$313,570; cash surrender value of life
investments, $6,130; employees' accounts receivable
advances,
$3,229;
plant and equipment, $1,123,349;
the
government
$81,623;
salesmen's
(less
patents,
$57,408;
total,
hand
on
$966,293;
insurance,
allowance for amortization), $19,458; deferred charges,
refund of Federal excess profits tax, $294,605;
post-war
$5,769,487.
Liabilities—Notes
payable—banks, $500,000; accounts payable, $610,from employees for purchase of war savings
payment of victory tax and social security tax
($40,283), $49,613; accrued liabilities, $417,077; provision for Federal
income and excess profits taxes/ $632,657; advances by War Depart¬
ment
for purchase
of facilities, $239,351; liability to suppliers for
cancellation charges, $38,746; reserves, $400,000; capital stock—com¬
mon
(60,000 shares, no par), $202,548; earned surplus, $2,678,675;
total, $5,769,487.—V. 156, p. 1511.
819;
withheld
amounts
bonds
($9,331)
and
Air
Lines
Transport
Corp.
—
Performance
.
Indicative of
the wartime
efficiency of air transport operations, the
corporation on Oct. 8 reported that during the last 60 days it had
completed 99.7% of all mileage scheduled, including both its trans¬
continental
A
gain
miles
and
of
Pacific
25%
flown
United
on
Greater
Oct.
factors
for
13
by
■;
year
in
shown
was
in
estimated
figures
Crary, Vice-President in charge of
airplane equipment,
with passenger
for United's entire system, simul¬
of
97%
over
the major
as
gains.
miles
1942
totaled
passenger
revenue
heavy loads of mail and express, was given
the
increase
Harold
utilization
corporation,
of
Lines
Air
averaging
with
taneous
Coast operations.
September of last
over
by
released
load
the
last
and
month
during
compared
as
10%.—V.
158,
35,048,3Q0
revenue
during' the same)
year.
Airplane
27,952,746
with
this
of
August
1,711,166 in September,
1479.
p.
flew
said,
against
as
33,867,212
1,888,180
of
announcement
,
United
1942,:
,
Corp.—Earnings—
3 Mos. End.
Sept. 30—
/
•*
'•
Income—Dividends
1943
1942
$970,840
$1,126,669
—
•
...
Profit from
1,140
./•
—___.—-
$130,753;
receivable
U.
(less
S.
savings bonds,
reserve
for doubt¬
applicable
provision for Federal
dividends payable,
Current
Taxes
and
trade accounts payable,
excess
profits
20,944
expenses
$970,840
39,199
9,321
35,55a
.—61,600
54,600
$1,038,632
$866,032
...
for Fed. income tax)
prov.
Federal
for
-
$1,148,753
.......
—
(exclud.
income
tax—•:
14,653
—i
income
1
.....
provision
required
for
....
Federal
tax.- -V.
profits
excess
158,
p,
1180.
United Electric Coal Cos.—Annual Report—
For
F.
Kolbe,
some
President,
the
years
various
to
company
restrictive
into
enter
states
company's
purchases
taxes,
$185,-
$36,815; other accruals and payables, $46,695;
liability, $14,570; deferred income, $53,452; common stock
($25 par), $3,067,950;
discount oh stock,
arising from exchange of
16,000 shares of preferred stock for common
stock, Br$29,870; earned
surplus, $436,483; total, $4,062,287.—V.
156, p. 1247,
contracts,
or
of
routine
mittee.
business
Under
limited
and
The
time
loan
of
sales
without
first
agreement the
were
loan
1930 it
with
have
agreements
-
was
necessary
creditors
its
con¬
for the
which
gave
creditors' committee and contained
that
could. incur
the
company
substantial
no
contracts
or
obtaining
liabilities
outside of
the
make
could
or
no
com¬
the ordinary
of
approval
the
com¬
company's capital expenditures were
prohibited.
■
,
under this agreement until Sept., 1938, at
under it were paid from the proceeds of a
by a first mortgage on substantially all of its
The bank loan agreement, however, also contained restric¬
the
obligations
secured
capital expenditures
on
In
agreement
no
'
part:
operated
company
which
bank
tions
the
dividends
in
bank
provisions.
an
mitments, and could make
properties.
$200,000;
income
investments...
substantial management rights to a
restrictive provisions to the effect
factory
Liabilities—Notes payable to bank,
sale of
Total income
tained
$2.66
$2,118),
expenditures
+
773
Balance
$326,539
$143,302; inventories, $669,592; factory and
to 1943 campaign,
$76,721;'land (agricul¬
site), $1,842,501; factory buildings and equipment,
etc.
(less reserve for depreciation of
$2,676,382), $968,636; construc¬
tion
work
in
progress,
$12,062;
deferred
charges, $116,655; other
assets, $52,067; total, $4,062,287.
field
tural
8,768
demand
to
Revised
+
22
+ 389
+
deposits:
Domestic
28,261
Consolidated Balance Sheet, May 31, 1943
in
331
—291
5,890
12,260
Foreign banks
Borrowings
106,185
,
$2.44
_____
common
Assets—Cash
33
+
—
10,105
•
110.446
$2.10
____
declared
series G, $50,000;
ful accounts of
43
30,322
_
deposits
U. S. Government deposits
♦No
34,592
126,763
surtax..
profits
...
per
500
—
83
—
577
—
Liabilities—
Frank
Net
40
539
2,204
220
—
$520,739
19,821
26,235
Fed.
and
prohibition
a
against
the
payment
dividends.
In
June,
secured
first
1940,
bank
bank
While
the company's situation having
loan
loan
was
paid
restrictions
obtained
off,
were
and
improved,
a
new
un¬
a
reduced
rate of interest, the
mortgage securing it discharged;
the company still was limited on
at
the
revised,
capital
expenditures and could not pay dividends unless at the time
payment its net current assets aggregated $800,000 and certain
substantial prepayments had been made on the bank loan.
of
Twin Disc Clutch
Co.—Earnings-
Years Ended June 30—
/Gross profit
1943
on sales—
expenses
Admin,
Net
expenses
.....
prof, from
.
$5,224,272
548,361
224,534
As
1942
1941
1940
income
Net
for
taxes..
prof,
income
$905,793
485,612
356,882
264,948
and
199,110
154,871
105,366
managing its own
$4,451,376
$1,987,544
$1,103,552
22,165
taxes
taxes
for
$4,520,490
127,781
t443,026
+2,651,448
229,378
paid
$2,030,695
$556,058
67,043
$1,125,717
35,260
+290,445
470,754
declared
of
1942,
first
time
32,699
108,097
62,084
30,711
...—_
value
$13.15
excess
profits
is
entirely
free
Account, Years Ended July 31
in
+
v
1942
1941
1940
$5,478,425
2,917,919
$5,707,451
$4,129,483
2,190,741
$3,273,881
579,616
662,676
607,102
+517,749
$2,175,937
$1,331,640
$960,473
2,080
6,386
5,352
8,438
$1,982,970
mining
Sell., gen. & admin, exp.
*$557,620
$390,359
239,986
209,959
after
cost
income
$2,182,323
$1,336,992
$968,911
-
1,795,660
and
—:
income
Interest
2,868,838
44,441
$9.29
$6.50
lAfter
deducting
post-war
81,594
110,218
119,380
Depreciation
499,372
625,136
445,573
332,927
Depletion
$8.50
tax,
.....
expenses
Gross
$510,200
179,991
on
stk._
cap.
company
,
$1,980,890
of
Cost
Other
280,000
share
the
1930
1943
Profit
_
re¬
$788,858
179,998
since
affairs.
Income
252,024
391,864
284,038
251,782
107,134
245,000
170,000
84,229
48,100
58,889
445,000
$742,133
$731,596
$194,833
$174,432
523,687
523,652
523,171
523,137
$1.42
$1.39
$0.37
——
.....
Provision
for
equipment,
Other
trans,
etc.
of
—.
expenses
Federal income taxes—
31,500
$294,605.
Net
above
the
102,288
1,054,909
■"Before deducting $120,000
appropriated for anticipated future de¬
cline, in inventory values,
tlncludes $285,768 in 1943 and $48,675 in
1942
for
all of the restrictive provisions,
capital expenditures and the payment of dividends,
the present bank loan agreement on May 20, 1943;
20,579
conting
per
from
removed
were
$535,480
43,151
income
Earned
further improvement,
on
$1,615,305
Sales
deductions
exc.
of
result
a
including those
$2,672,266
69,114
opers.
income
Note—Included
991,975
in
Federal Reserve Banks
Balances with domestic banks
Net
....
for
434,296
$5.17
securities
Reserve with
fixed
deductions
Prov.
refund
1,008,038
991,975
1,880
22,146
60,000 shs.
______
'
Obligations guaranteed by U. S. Government
124,845
.
—10,940
Dividends
215 000
11,864
1,000,000
1,651
5,520
759
49,160
sales
assets
serve
30,273
+
+
106,566
59,615
income
on
5,410
+
8
93
♦Provision
Total
49
+
1,675
+
+
$481,193
87,993
______
100,031
Other income
Loss
8,417
33
177
—
—149
4,211
80
+
43
+
751
—
1941
$499,926
2
17
—
1,645
+
+127
+
59
328
+
+
miles
1942
expenses.—210,962
general
.:
1,137
bonds
month
operations........
operations
and
90
4,955
S.
reason
Union Commercial Co.)
1,844
—
16,752
U.
35,000
existing
1943
operations
stcre
Appropriated
5,135,751
__
stock
profit
+
1.434
passenger
•,
profit from operations
State
'531,277
.
deductions.
dividends
com.
in
2,084
Treasury bills
Treasury certificates of indebtedness
Treasury notes
•
Federal
in
Surplus
Shares
$80.50
70
1,126
traffic.
land operations..
other operations
Profit
Admin,
Federal
530,000
_
—
post-war
to
for
preferred and
to
+
banks
to
Interest
Total
&
obsolesc. and
loss on inven..
Misc.
for five
amounting
its wholly owned
subsidiary,
sugar
on
Profit
Other
for
Prov.
_
used
amounting
exchanged
______
..
retire.,
annuity plan
Exps. of rental prop. &
prop,
2,929
.
exps
on
be
Sugar Co.—Earnings—
Other income
Canadian subsid.
Prov,
6,277
Other loans
an
on
Selling
Total
on
•
stocks
8,389,564
Other
Fed.
held
%
common
long-term
18,300,845
.—
will
common
dividends
Years Ended May 31—
691;
..*142,180,869
123,880,024
„
income..
meetings
and
stock
common
29,335
of 1942 and a deficit of
$121,155
be eliminated.—V.
151, p. 115.
after
Timken-Detroit Axle Co.—Earnings--
Expenses
separate
preferred
common.
preferred
$50,503;
Gross
of
of
of
by
+15,303
+
'•
securities
the
impaired at least to
$691,882.
Commission
®8,
arrears
and
Commission
property, as adjusted,
the Commission said.
Preferred dividend
or
the
be
exceed
and
assets, was 91.82%', and the
liquidating value, plus accumulated
plant
approved
was
amount.
debt
found
net
would
common
$2,761,948, indicating that the asset value of
liquidating value, plus arrearages, would then
the extent of the
at
+ 280
+ 315
Real estate loans
The
If,
however,
eifect were given to
for writing off abandoned
railway
property and revaluation expenses of
$658,500, for writing off net
Inflationary Items of $3,247,387, for adjustment to reflect
liquidating
rather
than
stated
value,
the
difference
being $167,006, and for
setting up preferred stock dividend
arrearages of $691,882, the com¬
bined capital and earned
surplus would be converted into a deficit
of $3,919,838, the SEC said.
$1,157,890
company
the
company
surplus
adjustments
the
or
10-7-42
agricultural
Record—%
;
retirement depreciation
the
earned
Ltd.—Reorganization Voted—
the basis of
for
will also
paid
questions as to the necessity
in the company, for dividend
plant and property account
power
restatement
be
(And
in its order,, raised
of
the
calls
will
Arrears
corporation has purchased bonds
the last six months.—-V. 157, p. 1748.
sentence"
contracts, $1,343,981; pay rolls, $1,539,925;
$1,062,163; Federal and State taxes on income—
United
company.
on
common
should
Tide Water Power Co.—SEC Seeks
Change in Set-Up
"death
(less
•
The
in
^Corporate simplification proceedings were instituted
Sept. 30 against
the company, a
subsidiary of the General Gas and Electric Corp.
by
the SEC
the
facilities
on
interest,
capital reorganization plan for
preferred and common shareholders
Sept, 28.
-
Profit
under
(less
51,278
and
Loans to brokers and dealers in securities
Other loans for purchasing or
carrying
Loans
9-29-43
12,117
industrial,
loans
venience
S.
A
the
ftf an average price of 67, during
U.
Investments—total
United
attached,
no
with
Tooke Bros.,
reserves
bonds accepted.
Bondholders
and
cash
of
be those tendered at the lowest
for payment to The New York Trust
1943 and subsequent coupons
date
1943
States Treasury tax
notes to be applied
in
payment $15,684,240), $274,509; long-term debt,
$7,500,000; reserves,
$3,171,733; common stock ($10 par), $9,919,750; capital
surplus, $96,805; earned surplus, $10,028,225; total, $63,584,318.—V.
157, p. 2158.
of
will
after which
,30,
accounts
payable,
including provision for esti¬
renegotiation adjustments, $27,356,442; customers' and
employ¬
deposits and credit balances, $1,290,783; advances from U. S.
of
purposes,
Trust
June
Liabilities—Trade
surrendered
the
before Nov.
on
York
Sheet,
mated
the
as
must
together with
on
New
receivable
accounts
contracts
and
Commercial,
Assets—Cash
.
company
fund
may
manner.
Such
Co,
which
manner,
disbursement
sinking
price, offerings
ill that
prices
The
company.
of
100 Broad¬
agent, the sum of $26,000
for the purchase, in said
practicable
satisfactory to
accept
said
purchase
Loans
Loans—total
segregated
Balance
Increase (+ )
10-6-43
,+After
reserve of
$225,000), $8,551,053; facili¬
Government, $2,047,530; inventories, $16,728,044; investments and other assets, $1,553,591; property, plant and
equipment, $4,694,483; good will,
patents, and license agreements,
$832,684; deferred charges, $127,417; total, $63,584,318.
ties
part:
The
*
trade
estimated
York,
bids
adjustments.
1940.
tax
receive
renegotiation
$1,425,000.
of
Assets—Cash, $12,489,236; U. S. Government securities, $16,560,281;
Government
1350 Broadway Realty Corp.—Tenders
This
Will
serial
1478.
p.
estimated
refund
for
depreciation
amounted
to
$739,928
in
1943,
$699,458 in 1942, $549,343 in 1941, $548,515 in
1940, and $588,744 in
1939, and amortization to $71,151 in 1942,
$69,847 in 1941, $69,445
$400,000
1943-46
for
post-war
"
Decrease (—) Sine*
Demand
summary
Note—Provision
Co., $100,000.
For the common stock:
Blyth & Co., Inc., 111,825
.shares, and Van Alstyne, Noel & Co., 12,425 shares.
The public offer¬
ing price will be filed by amendment.
Proceeds would be applied to
redeem $2,058,000 first lien collateral trust
5% bonds, due 1951, at
103% and interest; to redeem $900,000 of
$1,200,000 serial notes issued
Oct. 5 to banks to provide funds for the
acquisition of 95.67% of the
stock of Joseph Stokes Rubber
Co., Trenton; and to reimburse work¬
ing capital for funds used to retire on Oct. 5 all of the
due
Government
mond District.
&
notes
States
reporting member banks.
Consolidated
$200,000;
United
Deposits; credited to domestic banks declined $96,000,000 in New York City and $37,000,000 at all
reporting
member banks, and increased
$27,000,000 in the Rich¬
in
Whiting,
banks.
deposits increased $148,000,000 in New York City, $122,000,000 in the San Francisco District, and $389,000,000 at
deducting
Investment News
$250,000;
deposits-adjusted
declined $100,000,000
in
$40,000,000 in the Chicago District, $35,00(5,000 in the Atlanta District, $29,000,000 each in the
Boston and Kansas City Districts, and
$291,000,000 at all
(Continued from p&ge 1540)
Co.,
increased $93,000,000.
New York City,
■"After
General
bonds
dollars)
'.i
Assets-
District, $23,000,000 in the Cleveland
District, and $149,000,000 at all reporting member banks.
Holdings of Treasury certificates of indebtedness in¬
creased $42,000,000 in the San Francisco District and
$49,000,000 at all reporting member banks.
Holdings of
United
of
.
.
000 in the Boston
Demand
Condition Statement of Member Batiks
(In millions
District, and $127,000,000 at all reporting member banks.
Wednesday, Oct. 6th:
Shares
1577
for
loans
Auction Sales
Transacted
COMMERCIAL & FINANCIAL CHRONICLE
statement
$89,687 in
among
are
1941
the
charges
and
costs
for
and
entering into the
totaling $141,738 in
expenses
depreciation
$62,460 in 1940.
profit
♦Shares
(par
common
stock
$5)
Earnings per
share....
$0.33k
THE COMMERCIAL &
1578
"Includes
306,000 shares of $5 par value each
value
stated
of
at previous aggregate
no par value, $4,657,318 and
a bal¬
1943, 217,652 in 1942, 217,171 shares in 1941,
1940, at a par of $5.
tlncludes $19,989 rep¬
In addition, U. S. Steel plants throughout the
country adapted their
equipment to the manufacture of varied specialties such as small arms
projectiles, bullet core steel, military helmet blanks, machine gun belt
shares of
306,000
of 217,687 shares in
ance
and
in
shares
217,137
link steel
resenting portion of provision for contested liability for State sales tax
applicable to current year's sales.
John
Balance Sheet,
Assets—Cash
able,
hand
on
and
employees'
deposits on coal
$590,664;
July 31, 1943
in banks,
account
anti-aircraft
.
Hauerwaas,
Products
formerly
Co.,
announcements
Texas,
are
228,071.
United
States
Liabilities—Accounts
$479,849;
salaries,,
payable,
trade,
subsidiary,
$174,246;
Federal
income
The
taxes,
commissions, etc., $204,913; con¬
tracts payable for purchase of coal lands, $156,029; deposit received
on
land sale contract, $5,000; notes
payable, $750,000; contracts pay¬
able for purchase of coal lands, $140,002; reserves, $280,424; common
stock subscribed, $144,721; common stock ($5 par), $5,745,753;
capital
surplus,
$137,254; earned surplus since revaluation of assets
1933, $2,009,879; total, $10,228,071.—V. 158, p. 400.
sion.
United Engineering
George Tallman
the
at
Ladd,
President,
of 72.—V.
158,
Light
age
& Foundry
and
died
Oct,
3
at
At
General
by
New
William
;
stockholders
common
SEC
Woolfolk,
G)
April
on
approving
the
of
the
to
to
at
you
for
stock
all
that
Pa.,
The
of
the
and
that
April 21
and
the
the
Notice
company.
hearing
would
held
be
30
and
also
court
Utility
to
effectuate
its
June
15,
of
1935.
of
Section
1943,
On
August
4,
the
Other
out
carry
the
in
higher court,
any
take
to
all
August
U.
as
No
of
Otis
Court
intent
further
&
of
owners
Circuit
S.
notice
a
23,
the
of
to
steps
who
had
shares
of
Appeals
appeal
be
can
for
from
&
Power
order
Co.
which
until
is
1285.
the
final
plan
and
by
Third
order
the
Circuit
of
the
stock
of
further
to
by
■
review.—V.
Other
profit
!___
Income
:
6,408
12,345
profit
_____
$75,199
_
class
on
"A"
stock
for
the
$67,248;
assets
due
from
(net),
$3,063;
fixed
$370,014),
$342,266;
ciation
of
value
Linen
$339,048;
Sheet, March 31,
accounts
receivable
of
Service
life
Corp.
prepaid
assets
expenses,
service
(less
in
non-operative
$185,781),
$276,615;
fixed
trade
reserve
March
$12,150;
assets
route
1,629,569
938
158,241
loss
(less
income
$59,440
valuation,
payable,
income
accrued taxes, ad valorem,
income taxes, $83,876; class "A"
stock, $684,070; common stock (60,000 no
par shares),
$403,266; paid-in surplus, $27,034;
surplus arising from
retirement of class "A" stock,
$24,001; earned surplus, $49,450; total,
$1,356,300.—V. 156, p. 1247.
$695,231
$630,063
50,089
591,811
deducts.
2,094
2,144
25,102
$8,125
$1,339
$78,318
$1,168
1
1943—Month—1942
Program
Completed—Remainder
In
U.
S.
"Steel
13.
Work
armed
our
forces
greater
and
mines, lactones and
working
and
at
battlefronts—which
many
powerful—traces
directly
These facilities exist
full
capacity
tem
day
every
back
to
to:
today and
have
we
are
had
in
successfully operating at
The
a
be¬
America
for
generations
industry
is
the
a
nation.
very
As
live
events
and
mighty contribution to the country's
sys¬
...
„
v
,
•
.
.
ore
New ships were added to the
New coal mines were opened in
bama and Utah.
„
.
at
were
.
,
,
for
2,667,623
As
turn
owns
The
$1,877,897
for
the
opinion
period
of
to
1935
V.
1,704,761
Oct.
1
Co.,
1,704,761
$173,136
declared
and
that
holding
5
that
the
of
in
of the
declaring
of
and
-
the
certain
Manufacturers
liquidation
of
Eastern
filed
that
the proposed
therefore,
finds
and
of
Wisconsin.
transfer
of
Trust Co.
under
a
minority interest and
June 30,
1913
of
finished
$5,952,849;
deferred
charges,
slocks,
other
$3,106,840;
work
$192,239;
in
and
assets
advertising
process,
investments,
and
maintenance
trademarks
and
all
and
Co.
and
would
public
Power
utility
Corp.,
Hydro-
public
Eastern
•
payable, and
Federal,
accrued
State
and
for
reserve
liabilities,
$1,287,537; re¬
income and excess
foreign
possible
cumulative
losses
war
and
other
preferred
capital surplus, $1,752,648; earned surplus,
19,100
shares
of
total,
capital
stock
reacquired
$6,325,737; cost
held in treasury,
and
$18,103,769.*
to
>tt
-
Government—
Virginia Electric & Power Co.—Earnings—
Period End. Aug. 31—
Operating
Operation
1943—Month—1942
revenues-
_________
208,159
_________
182,830
2,328,430
2,207,220
234,983
225,584
2,801,425
2,645,730
taxes-
528,633
*568,400
7,126.018
4,808,800
226,351
205,423
2,600,374
2,321,862
revenues-
$508,707
$539,033
$6,192,681
$5,656,401
7,407
Dr26,245
Dr41,640
DM50,155
$516,114
$512,788
$6,151,042
$5,506,245
Depreciation
the
laws
of
1078.
oper.
Other
Interest
and
...
.
amort.___
157,305
150,850
1.879,914
1,816,427
$358,809
_
dividend
Balance
$361,938
$4,271,128
$3,689,818
for
requirements---.,
stock
common
and
1,171,602
surplus
1,171,602
$3,099,526
^
$2,518,216
•'■For
comparative purposes Federal income and excess profits taxes
restated to give effect to the provisions of the Revenue Acts
applicable during the respective periods.
have been
The
shown
amounts
vision
'for
months
estimated
ending
Aug.
above
for
1943
31,
Federal
profits
excess
income
taxes
of
taxes
include
$5,489,618
'
pro¬
the
for
12
(1942—$3,197,900), after deducting esti¬
(1942—$295,256).—V. 158, p. 1182.
mated post-war credit of $609,958
Walgreen Co.—Sept. Sales Up 8.5%—
Period End.
Sept. 30—
Sales
1943—Month—1942
$9,185,882
a—
—V.
158, p.
1943—9 Mos.—1942
$8,467,215 $82,075,773 $71,125,375
1078,
mentioned
Walworth
assets of Utility
acquisition and retire¬
State
met)
___
Balance
Minnesota
last
,
income
Balance
the
the
Utility Service
its registration as
income
taxes
Net
1943—12 Mos.—1942
$2,623,255 $32,692,548 $27,697,825
901,985
11,643,620
10,057.813
$2,813,209
1,106.376
utility
,
the
on
of
the
of
Delaware.
Co. has ceased to be
such should no longer
The
the
on
Co.—30-Cent Common
directors
record
Payments
stock,
29.
A
during
30
cents
29
to
7
holders
' v.
the
on
July
2,
/;;•;!y>
also-declared
share
6%
of record Dec.
30 cents
10
Nov.
made
was
follows:
as
of
payable
distribution
were
Dividend—
dividend
a
value,
par
no
1942
have
per
declared
similar
'v :;.y■/
15, 30 cents.
The directors
of
Oct.
on
common
Oct.
,
20
"i:
to
of
30__last.,"
.an™Dec.
cents;
'
share
per
holders
June
on
'■-
>.■
the regular semi-annual
dividend
preferred stock, par $10, payable
15.-
r
Plans New Preferred Issue—
Report—
1943
including income
v'V
1942
A
special
meeting
of
stockholders
approve
$709,901
proposed
a
vertible preferred
/
-
has
been
called
.
y<\:
$523,755
156,342
:
f
income—(net)
before
for
Fed.
new issue of 100,000
stock.—V. 158, p. 1480.
shares of
for
$50
Nov.
par
22
5ft
.
to
con¬
167,503
and
State
$542,398
;
3,764
income___
excess
normal
1,070
profits
$371,177
income
9 Months Ended
*
$543,469
72,750
taxes
>
48,373
75.000
93,750
$1.29
dividends
$2.39
share-
"After post-war refund of $17,200,
.
;
Federal
.
income
Balance
(less
purposes)
in
1943
and
$93,625
in
.
„
Assets—Cash
.
tax
in
$1,096;
Sheet, March 31, 1943
and on hand, $846,955; accounts receivable
for doubtful accounts, discounts and spoilage of
$23,037),
cow notes'.receivable (less reserve for doubtful
notes,. $300),
inventories,
$10;
company
28,146
company
50,103
surtax__i____j_
375,000
4305,000
$548,583
$579,690
$1.88
$2.00
Federal normal and
Earnings per common .share
"After
and
tAfter
ment
all
credits
Federal
reserves
sales
and
for
and
•
—
charges
income
except
dividends
from
foreign
sub¬
tax,
possible
adjustment in
other contingencies,
renegotiation of
Goverii-
.
fpevised to give effect to change in the tax rate in accordance with
the 1942 Revenue Act which was
passed after the release of the report
for
the
nine
months
banks
$181,410; deposits'in closed banks (less reserve,
conditional sales contract, $5,711;.. reciprocal insurance
subscribers' fund and surplus reserve, $7,301; post-war refund of Fed¬
eral excess profits tax,
$17,200; prepaid'expenses, $10,952.; land, build-
$7i7),
$806,441
4-
Notes—(1)
reserve
$411,471;
'.
$884,690
sidiaries
.
charged to operations during the year ended
March 31 amounted to $55,594
(computed on the basis and at the rates
for
1942
t $921,583
profit"for~the period4_'-______v__-____^
Net
Note—Depreciation
1942.'
sub.
English
Dividends received from Brazilian sub.
Estimated
allowable
from
..
$227,269
47,225
__________
per common
■
$921,583
■
constructed at Gary,
received
1943
.
.
______
316,200
$143,627
—
Common
Aug. 31—
Profit
tax.—*154,800
dividends
Earnings
.
on
State
profit
Preferred
program which has
$367,413
___________
Dividends
taxes
and
f
good-
$18,103,769.
necessary under renegotiation
30, 1942.—V. 158, p. 1480.
of
collateralled
Wisconsin
small
1
that
that
158, p.
Sheet,
The company reports no refund was
of contracts for the year ended June
it
laws
utility
Trust
loans
Minnesota
stock
relatively
are
the
public
of
'Power Co.,
holding company.
application, the Commission
corporation
a
$102.-
Public
applicant of all of its demand notes and
outstanding
Utility Service Co. has since conveyed all its assets
seturity holder, Manufacturers Trust Co., and has been
as
to
>
$4.05
1942,
stock
of
subsidiary
held by public, $235,70.0; minority interest in common stock
surplus of subsidiary company, $8,850; capital stock
i$5 part,
Dr$818,102;:
Utility Service Co. owned all
common
Minnesota
under
owning
1943
19,
companies
Co. to Manufacturers
sole
tAllocated
in
year.
inventories
supplies,
estimated
Preferred
1932
registered
to. an
$182,831
on
hand, $3,159,521; marketable securi¬
receivable—trade and other (less reserves of
assets,
other
total,
$3,501,400;
the
registra¬
company,
(d)
order
an
Marion-Reserve
Ohio,
all
$4.12
1943,
company
also
a
1940.
$1,527,000;
Company, a registered
of Manufacturers Trust
Section
for
incorporated
of April
latter
______
$5,867,341
$3.25
Balance
$4,283,000;
Other
issued
pursuant
Act
The
______
5,643.312
,
and
taxes,
Federal
purpose
operating in
is
and
fixed
for
profits
2,746,235
$2,102,384
SEC
the
operating in
,
...
226,417
$191,594
was
of
banks
accounts
$1,797,848;
and
$1;
serve
6,046
a
holding company.
makes the following findings:
Co.
in
...
$5,443,687
$3.32
during the
in
"
/
4,050
______
$4,624,132
a registered holding company.'
Utility Service Co.
shares of preferred stock of Eastern Minnesota Power
and 48,483 shares of the common stock of New
England Public
Federal
.
be
■
•
Company
stock
Corp.
Profit
Prov.
reviewed
Birmington and in Utah.
!
Blast furnace capacity was added
Duluth, at Lorain, at Birmingham, in the
Pittsburgh' and Chicago
in Utah,
Steel ingot capacity was
expanded in the
Pittsburgh district, in the Chicago district, at
Birmingham, at Duluth
and in California, and a new
open-hearth plant was erected in Utah,
where none had existed before.
New rolling mills were built in
the
Pitsburgh and Chicago districts, at
Birmingham, at- Worcester,
Mass., in Utah and in California," the rnagazin'e stated.
108,355
Wayne Pump Co.—Earnings—
at
districts and
8,349
$4,770,007
•
Operating profit
Pennsylvania, West Virginia, Ala¬
ovens
296
$418,011
221,151
with the
to
of
$99,895
No Refund
Dr279
profit from operations,
leased
properties—
Net
magazine
2.085,974
1,753,497
$4,618,086
$388,159
memorandum
a
Co.
SEC,
Other
of
mines-were opened in Minnesota.
Great Lakes fleet of ore
carriers.
Additional coke
.
1,800
$4,761,658
from
manufacture
"New iron
$417,715
1,800
,
Selling, administrative and general expenses—,,
been underway since early 1940.
The magazine pointed out that the
undertaking has been dual in character, comprising additions to
steelmaking. capacity and the provision of facilities for the
special war products.
$388,438
holding company and
Gross
war effort."
The October edition of the U. S. Steel
employee
the final phases of the corporation's war
expansion
1,205,297
Years Ended March 31—■
amply demonstrated, private
force, which today is making a
potent
$7,953,316
2,049,703
"
meeting
have
$8,801,370
1,638,291
20,479
Liabilities—Accounts
Dec.
free private
enterprise which has permitted the
development of
great national resources, the establishment of
the most modern
types of mills and equipment, and the
training of highly skilled organ¬
izations to operate these
plants,
V;
V
"The production record of American
business during the
^ast two
o-r three
years should be a complete answer to those
critics, or advo¬
cates of a new economic
order, who not so long ago advanced the no¬
tion that our'industrial
system is moribund and incapable of
needs of
150
Van Camp Milk Co.—Annual
near
a
in
approved
our
the
1,322,205
101,500
$167,008
be effective.—V.
who
or
and
materials
will,
of
deducts.-
solely
in
its
5,161,150
5,867,341
$8,839,525
$6,325,739
acquired
$2,670,612;
and
114,325
_______
Service
dissolved
■
of
because
______
by said
capital stock.
American
workers,
1941
Maintenance
ment
transportation facilities and to the
efficient, hard¬
personnel, both management and
patriotic
such instruments of
production,
man
200,000
$397,623
Pursuant
date
pressure exerted
the
more
1,717,199
(net)..—.
Commission
Service
.
by
1,768,506
1,584,824
150
Holding
Service
edition
the largest of these
on
ties,
also owned 6,621
undertakings, the new Geneva Steel Works in
Utah, is now nearing
completion and a contract for its wartime
operation has been placed
by the Government with the Geneva Steel
Co., newly formed subsidiary
of United States Steel
Corp.
•
Commenting upon the program, Mr. Olds said: "The
comes
2.767,842
136,688
200,000
1385.
p.
common
Corp.
_—
.1,362,360
contingencies,
revs.___
ceased
Power
News," released Oct.
201,863
126,477
reserve-
etc.,
companies
Near
greater part of corporation's
$700,000,000 war expansion progianx has been completed and
placed in operation and the remainder
will go into production in the
near
future, Irving S. Olds, Chairman of
the Board of
Directors, disclosed in a fore ward to the October
of
in
supplies
1943—12 Mos.—1942
limited-term
SEC
Electric
)
6,643,312
465,000
235,000
co.
surplus
$1,223,849;
49,145
by such securities.
The
5,443,687
Consolidated
$1,481,697 $18,419,010 $16,205,852
623,781
7,780,681
6,894,964
729,566
income
which
Almost
$1,608,101
___
.•____
income
company
Future—
on
$102,570i,
holding company securities which
otherwise have
acquired upon the
Construc¬
22,512
$7,708,576
subsid.
off
redempt.
shares
to
(& Subs.)- -Earnings—
deferred
income
Utility
the
Corp.—$700,000,000 War
of
22,063
1078.
oper.
The
683.
167,000
2,768
surplus
606,832
appropriation
of
Delaware
United States Steel
397,949
—
Including depreciation of $324,850 in
075
$53,572
for
158,
had
14,6,58
con¬
Earn, per sh. on cap, stk.
*
49,221
and
application
an
States Realty & Improvement Co.-Control of
Plaza Hotel Sold—
tion
other
subsid. co.'s pref. stock
$630,063
$59,440
taxes
Utility
United
p.
Total
19
bonds.—
company has ceased to be a holding company
tion of. the
company'is no longer effective.
holding company and whloly owned subsidiary
Co., a banking institution which is an exempt
$4,000;
15,217
130,003
charged
Utility Service Co.—Dissolved—
cumulative $3.50 convertible
158,
$695,212
Balance
total,
6,103
Dividends—
—
depre¬
$211,450;
due to National Linen Service
Corp., $13,127;
social security, etc., $23,100; accrued
above.—V.
$53,572
'
stocks
$33,625; accrued salaries, wages and
fees,
$10,750;
reserve
for
additional
wages,
pending
approval of National War Labor Board, $3,378; notes
Corp,
70,400
________
mtgs.
int.
Net
payable,
15,396
war
—
Goodwill
inventory,
for
and
f:':
477,907
158, p.
—"V.
co:
credits
surplus
9,021
70,094
-
miscellaneous
reserve
subsid.
and
possible
Previous
surplus.
Unrequired res. trans, to
$152,156
Gross
equipment,
depreciation of
16,500
>'
1,364,077
86,562 "
357,043
Other
of
760,000
32,256
tingencies
reserve
investments
professional
Atlas
6,121.
Deprec. and prop, retire.
31,
1,082,394
/
tProp. of subs, co.'s net
$1,595,348
$038,169
The
See
1943—12 Mos.—1942
137,675
7,231
expenses..^--
service
for
reserve
for
$7,828;
$100;
$1,356,300.
Liabilities—Accounts
Co.—Earnings—
1943
(less
Texas,
for
losses
action."
31,258
Amort,
$130,594
ended
year
insurance,
of
dividend
common
$22,314
Interest.,
Balance
Assets—Cash, $42,993;
$14,585), $53,539; cash
chgs.
94,406
.1943, amgynted to $85,129.
145,018
$4,048,323
,
•i
__
Prov.
plus a sounder financial
the merger of the holding
12,222
revenues.
9,687
2,222,361
52,651
$4,121,420
disposal of fxd.
on
Cash divs. of
of
power
144,339
maintenance
6,936
taxes
Note—Dividends
Chairman
31,258
Net
Net
Cowdin,
quot.
profit
-
3,614,924
taxes.
mkfc.
to
assets
.
—_
58,636
$4,623,302
adjustment of
Misc.
Cheever
$28,182
Provision
$234,687
___________
for
Loss
share
per
25.
1943—Month—1942
Period End. Aug. 31—
$227,752
83,876
deductions
$1
expenses.---
reserve
Other
Oct.
Federal.taxes
$171,420
___
income
of
raw
1942
$165,012
income
Total
dividend
revs.-—
Other
1943
$3,903,305
48,916
income
foreign
Prov.
initial
an
Utah Power & Light Co.
158,
.7,502,079
$4,068,769
Prov. for Fed., State and
Rockefeller
30
&
United Linen Supply Co.—Annual
Report—
Operating
at
$2,282,941
Operating
' '•,
Co.
$167,048
oper.
on
-V.
8,765,990
$4,564,666
$6,334,285
income
Assets—Cash
-
Years Ended March 31—
Products
from lease of plant
Other
Federal. Court
a
record
Balance
Light
13,814,518
income
Total
1385.
pv
declared
Operating income
complete the
United
court
Other
payable Oct. 30 to stockholders and voting trust
of
Operating
p.
Steel
8,800
Other
Court.
_
'
Earned
the
1940
1941
1942
$6,285,370
action
with
1943
22,032,667
Philadelphia
District
of
approved
subject to
filed
(& Subs.)— Earnings-
,:,Cost of goods sold, sell..
same
Int.
in¬
on
$28,318,036 $18,379,185 $12,834,759 $11,405,384
Prem.
District
taxes
cumulative pre¬
common capital
Sales, less returns, allow'
Vice-
as
State
$15,000; $4
par shares), $923,600:
Vick Chemical Co.
of
_______
Net
stockholders of United Light
common
been
stock,
the
McGahan
T.
$200,774
taxes
Gross
before
management
common
has
not
preferred
the
the
taken
liquidation
by
distributing the
Railways Co. to the preferred and
intervened
Division
revenues.—
retire,
Rent
plan.
Co.,
ten
7
1479.
p.
appropriation
_
On
Court
stock,
taxes
Prop,
the plan and authorizing the officers
practicable after the order is no longer
directors, as soon as
subject to appeal and review
158,
Federal
the
of
11
Oct.
on
holders
Operating
Operating
order approving
and
to
provisions
Holding Company Act
entered
necessary
the
States
Period Ended Aug. 31—
sent
judge of that court rendered his opinion, which concluded
plan of liquidation as approved by the SEC was fair, equitable
appropriate
Public
United
Utah Light & Traction
the
that the
of
brought about largely through
operating companies, culminated in the
and
—V.
by the U. S. District Court for the District of Delaware for the
purpose of determining whether that court should approve the plan
and enter an order requiring its enforcement and consummation.
The hearing before the District Court was held June
15
and
on
June
Works
and
divi¬
$435,594;
expenses,
for Federal
contingencies,
Years End. June 30—
Arthur,
1943, temporary executive offices will be estab¬
York City.—V., 158,
common
the
of
was
on
Division.
1,
framework
the
order
an
liquidation
those
were
announcing the above action, J.
the Board, stated: "Improved
earning
only become effective after a
contemplated basis of distribution
Light & Railways Co, was fair and
of
a
on
preferred
opinion
announced
Works
Nov.
directors
the
the
United
that
advised
and
the
to
Port
Co.
In
Dissolution
In
Iron
and
Universal Pictures Co., Inc.—Initial Common Dividend
Pittsburgh,
could
that
stockholders
time
w6re
completion
plan
of
letter
a
findings
the
this
in
You
its
determined
common
equitable
states:
plan
that
company
and
Federal Court
President,
entered
5
Co.—Steps
Petroleum
at Beaumont
accrued
and
provision
for
capital stock (11,245 no
stock ($1 par), $75,000; capital surplus,
$443,901; earned surplus, $434,318; total, $2,607,399.—V. 157, p. 1095.
securs.
on
Power
the
by
Products
and
reserve
ferred
Manager, and William I. Hanrahan, Vice-President of the
Iron
certificate
United
Steel
States
Manager of Sales, and A. E. Klieves as Vicecharge of operations of the Boyle Manufacturing Divi¬
the same time,. J. A. Connelly was appointed Vice-President
lished
Co.—Obituary—
on
Pa.,
$30,295;
General
On or about
1078.
p.
United
payuble,
$249,691;
in
Petroleum
of
as
Steel
and
President
and
operated
now
Plaza,
Aug. 1,
of
Boyle
Sharon,
near
appointments
President
interest,
wages,
President
payable
dends
come,
.
regarding
Co.,
■
.
Liabilities—Accounts
including
Iron Works
*
,
appointed
machinery and equipment (less reserve for depreciation of $810,$1,124,293; established milk supply system, $1,000; total, $?.-.*
607,399.
Manufacturing Co., on Oct. 8 made
organization changes
in this U.
S. Steel
appointments to executive positions.
The plants formerly operated.by Boyle
Manufacturing Co. are now
operated by the Boyle Manufacturing Division of the United States
Steel Products Co.
The plants recently acquired from the Petroleum
$225,900; trade accounts receiv¬
receivable,
$150; other receivables,
bids, $3,600; inventories, $1,332,388; other
assets, $150,723; property, plant and equipment, $7,364,551; coal lands
held for sale, $37,900; payments on contracts to purchase coal reserves,
mineral rights,
etc., $383,997; payments on leases on coal reserves,
$17,597; prepaid expenses and deferred charges, $92,519; total, $10,$28,080;
newly
ings,
497),
stands.-
gun
Organization Changes in Subsidiary Announced—
,,
,
and
Monday, October 18, 1943
FINANCIAL CHRONICLE
information
of
ended Aug.
No provision has
presently
31,
it
the first nine months'
earnings
therefor under the present law.
(2)
panies,
Based
the
upon
net
information
earnings
of
1942.
.
been made for
available,
does
not
excess
appear
profits taxes as,
that
on
the
o>n
basis
the company will have
any-liability
received
those
from
companies
foreign
for
subsidiary
the"
nine
com¬
monthk'.
Volume
ended Aug. 31,
period
follows:
a,s
r
•
.
'
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4221
158
included
which are not
and
•
■
.•••
,
the
in
!
•
English
./,!>
S78,924 4,669
subsidiary
subsidiary
Brazilian
••••
1942
$53,002
12,490
:
:
•
upon
the
class
above, are
■■•y
1943
A
stock
•
;''Si'/\7v'\'\y"I'''.VJ'V*"'-.*4V^*'
'•
Western Auto Supply
Co.—September Sales Off— 7%
1943—Month—1942
.
Retail
1,937,000
Combined
1943—9 Mos.—1942
$3,969,000
1,943,000
158,
1182.
p.
$4,268,000 $33,328,000 $42,510,000
profit
Selling,
and
gen.
a
2,353,979
2,045,298
dm In. eKpenses__
L
..
$571,918
16,909
the
Provision
Interest
for
contipgencies___-r_^J-
expense
10,000
8,519
1__
,
—
net.__
expense,
Charges in connection with fire loss
disposal of cap, assets, net
in connection with leases on
abandoned
Sundry
for
9,750
solution
12,559
;
Federal
223,500
2,957
71,200
1270,000
Fed.
inc.
—___
Pr 1,871
taxes
j
_______
$183,896
8174,651
45,000
,
56,752
paid on capital'stock!. !!_:
share -
Earnings
CY653
credit
of
$30,000
Note—Provision
amounted
debt
for
$160,476
87,500
$1.94 ' --
$2.04
per
tAfter
$1.78
retirement.
for
7 Assets—Cash
counts'
'
$1;
deferred
accrued
1943—etimated
(less
U.
held "for payment of
for
reserve
815;
S.
$305,726;
of
ac¬
inventories,
patents
and
$55,000;
taxes
$48,957;
of
the
year
notes,
Treasury
payable,
accounts
income),
on
tax
$401,-
accrued
series
ended
30.
June
$828,132;
total,
156,
1424.
p.
stock
specifies
If
the
no
directors have declared
value
par
Oct.
18.
last,
as
A
against
1942
Oct.
25
1,
The
See
of
the
of
holders
by
payment
of
the
If
the
respect of
and
(bi
White
A
be
which
of
stock
A
Postal
the
will
option, at
approximately
be
to
the
at
are
amount
the
of
10
the
of
$616,248
of
cents)
the
cash
all
convert
of
rate
five
to
for the
be
be
for
amount
the
of
liabilities
to
B
stock
its
at
option,
conversion
the
reduced
are
shares
cash
applicable,-will not
Plan
amended
90
upon
such
of
aforesaid
upon
any
in
submitted
amounts
excess
share
of
the
Gross
shares,
to
action,
the
Gen.
on
Jan.
2,
Jan.
2,
50
and April
cents;
the
on
of
record
Oct.
on
rev
July
1
and
also
declared
National
require
the
regular
quarterly
Co.
$100,
dividend
payable
of
<■
Western Pacific
Federal Judge A.
the
RR.
15
to
Net
(Calif.)—New Name
Net
income
1,784,097
11.378,192
391,711
465,998
1,262,299
1,818,058
11,769,903
12,343.336
471,330
486,188
3,917,601
3,891,906
790,969
1,331,870
7,852,302
of
as
January.
Francisco
Oct.
on
job
it
bonds,
new
basic
will
be
525,000
3,118,000
3,224,000
To
decide
fiscal
the
to
amount
be
into
kept
in
and
reserve,
settle
other
questions.
* The three
Frederick
are
stitutional bondholders'
resenting
the plan
put
the
H,
Ecker,
committee;
Reconstruction
representing the in¬
Frank C. Wright, Washington, rep¬
Finance
and
Corp.;
York, representing other creditors
reorganization.—V. 158, p. 1480.
New
who
Robert
will
Coulson,
E.
participate
under
Merger of Postal-Telegraph,
Co.
was
Public
Service
fiction
clnss
all
consummated
Oct.
Commission
Inc.
7,
issued
a
the Western
with
few
a
hours
final
after
order
Union
the
New
which
In
v
made
State
the
trans-
v
,
works
William
of
the
J.
Deegan,
President,
and
the
to
"An
dent
Jersey
Edwin
Chinlund,
F.
5,227,430
City,
N.
work
the
same
the
at
time
for
reason
George H. Bueher
plant
J.,
East
the
making
said,
"is
the
of
Springfield
this
Westinghouse
works of
of
chairman
will
continue
to
refrigeration
of
be
be
units
what
will
a
and
the
conditioning
lighter
household
air
units.
facilities will be moved piecemeal so
interruption of production—all of which is for
ships and other war uses."
that
*
a
deal
great
degree
time
of
cooperation.
/
of
"We
are
which
able
now
Western
of
all
our
and
labors
thought
is
V'v'v*
to
ahead
go
has
Union
had
this
to
the
The
matter.
to
high
a
Motor
Car
tute
The New
shares
Ono
of
progressive
A
stock
(no
notice
Stock Exchange—
par)
and
308,124
of Issuance,
Co.
Oct.
28
to
R.
Carl
Each
of
of
that, agreement,
relates
share
are
of
be
to
the
as
amended,
issued
or
the
reserved
shares
for
B
terms
stock
of
the
to
which
issuance
presently authorized Western
as
this
.
Union
entire
Postal
308,124 shares of new class B stock will, be
subsidiaries
as
part +■of
the consideration
for
acquired.
and
issued
to
that
Dohm,
W.
Net
it
is
the
to
assets
to
best
interests
A, stock
B
The
Shares
Authorized
Class
stock
holders
(no
(no
of
par)
-
the
pari
class
Treasury
315.7 shs.
will
None
be
entitled
308,124 shs.
to
cash
dividends
Qf $2
a share in each successive 12 months' period before
any dividends
may be declared or paid in such period on the class B stock.
The
$2 preferential dividends, will, not, however, be cumulative, and if
in
(xny
such 12 months' period, the
dividends, actually
life
of
1943
accounts
cost
or
and
market,
notes
$2,147,-
insurance
payable
to company,
$12,500; fixed assets, $1,good
will
and
$394,151;
minority interest in net worth
(100.809 shares, no part, $1,424,725;
surplus,
$204,349;
total,
$5,313,614.
(& Subs.)—An-
from
1943
1942
1941
$566,068
$491,239
$429,031
manufacturing
___________________
460,707 *:
$105,361
income
429,528'
396,694
$61,711
-
$32,337
38,506
35.188
31,879
$143,867
income
$96,899
and
excess
$64,216
of
profits
39,004
29,516
taxes
;
94,261
____
expenses
"v
purchase
of
770
•
.
years________
1,400
the
Ltd.__
1,164
for
454
After
year
13,269
26,796
$71,164
$60,727
.
Government
the
to
insti¬
$47,497
depreciation of $8,754
in
1943,
$8,346
in
1942
(less
hand,
on
reserve
and $7,803
in
137;
•
banks,
shares
portion
of
and
in
transit,
hand, $486,802;
on
investments, $127,936;
$35,000;
$5,912;
accounts
in
excess
shares in partly owned subsidiary
associated
profits
stocks
prepaid expenses and
companies, $10,931; estimated
$11,376; fixed assets (net),
tax,
tota}, $1,023,469.
taxes
sundry
profits
$6,800;
at
1913
for doubtful accounts, $14,529), $179,883;
and merchandise
and
bills
accrued,
payable
$3,619;
and
accrued
provision
for
charges,
income
and
$87,-
excess-
(less
taxes
prepayments), $77,395; deferred accounts payable,
5'fo
cumul. redeemable preference shares, $331,000; common
stock (no par), $275,000;
capital surplus (arising from purchase of
preference shares of parent company by subsidiary company), $18,060;
distributable
surplus
509;
deferred
574;
total,
credit
(arising from rearrangement of capital), $39,earned surplus, $11,376; earned surplus, $173,156, p. 1512.-
to
$1,023,469.—V.
Warren
of
Foundry
&
Wilson
Corp., and
Sons, have been
Line
<Gross
Inc.—Earnings-
March
End.
income
31—
1942
1943
_———!
Ballantine
&
Operating
$951,817
$1,073,845
740,970
720,818
$210,846
P.
2250.
p.
Years
Pipe
$353,026
-
expenses—__—
declared, and paid
;
Federal
income
Federal
excess
and
taxes
surtaxes.
44,255
1942
$16,230,865
_
$7,980,144
10,607,956
$2,661,761
1,508,008
$2,948,573
216,940
taxes______
150,000
and
<'1,912,500
.
administrative
Net profit from
Other
sales
charges
operations!
(less
income)—net_'______
other
for Federal
income
Provision
for Federal
excess
Provision
Net
for
profit
contingencies
100,000
received
Shipments
Unfilled
end
91,291
2,740
$16,351,883
sales
of
$279,417
91,291
(retired)____
$12,261,170
16,239,087
$99,009
7,786,673
tax!__
year_____________;
statement
for
of
depreciation
profit
and
187;
$1,282,500;
for doubtful
prepaid
to
deducted
$113,871
in
in
1943
the
and
notes
accounts of
insurance,
etc.,
and
$1,921,099
$19,847)',
>,
$1,556,074;
$20,590;
total,
receivable
(less
patents
(less
Balance
Sheet,
stock of
March
31,
subsidiary
company.
1943
Assets—Property and equipment, $2,082,737; investment in and loans
affiliated companies, $397,929; cash, regular accounts,
$89,770; cash, vessel replacement fund. $285,000; accounts receivable,
to subsidiary and
subsidiary
companies,
$168,493; other accounts and notes receivable,
deferred and other^assets, $27,716; total,
inventories, $63,710;
$22,438;
$3,137,792.
Liabilities—Accounts payable,
485;
$23,408; other accrued liabilities, $31,-
accrued Federal income tax, current year (less U. S. Treasury tax
series C, $100,000), $19,346; reserve of depreciation, $1,059,reserve
for replacement of vessel requisitioned by War Shipping
$183,863;
Administration,
$100)
$892,700;
surplus,
reserve
for
amortization
'
Wisconsin
re¬
$50,000), $2,541,270; inventories, $2,020,$51,019; investments and advances (incl.
$7,742,977.
preferred
on
common
$743,113;
5% cumulative first preference stock (par
stock
(50,384 shares, no par), $184,234;
total, $3,137,792.—V. 149* p. 2246.
30, 1943
accounts
post-war refund of excess-profits taxes of $212,500), $271,338; property,
plant and equipment (less reserves for depreciation and amortization
of
$131,127
dividends
earned
.
Balance Sheet, April
Assets—Cash,
serve
$3,992
:
——
Including
643'
amortization
and loss amounted
$93,993 in 1942.
44,635
100,764
notes,
After post-war refund of $212,500.
Note—Provisions
above
44,635
50,382
Balance
<■
$276,526
dividends
dividends..
Preferred
Common
7,996,853
7,899,469
________
(including
orders
150,000
$569,133
_________
Dividends paid on common stock
Dividends paid on preferred stock
Orders
1
expenses.
Provision
■
Cr7,509
701,500
profits taxes
75,091
taxes—
refund
Post-war
$1,153,753
22,836
profits
5,318,383
$5,622,909
2,674,336
_____
on
76,500
'
1943
Profit
profit
1,045,276 shs.
stock
President
145.
________________
Outstanding
1,235,000 shs.
: 308,124 shs.
A
the
of
Cost of goods sold_
be
Upon consummation of the plan, Western Union's authorized
as follows:
.Class
President
Badenhausen.
sales
the
outstanding stock will be
Class—
of
1942,
Liabilities—Accounts
an Associated Press dispatch from Washington,
10,000 employees are to be transferred en masse
employer without interruption of work or pay, it is said.
Blandy's announcement stated:
"the Navy Department has
Whiting Corp.—Earnings—
Years Ended April 30— '."V'tI.'
*
Shares in
,
appli¬
follows:.
capital stock
1,050,000 shares tpar $100 each) will be changed into a share
the new class A stock without
involving any reduction in capital.
The
value
80,
$501,041;
lower
at
April 30—
profits
$160,637;
than
more
elected directors.—V.
'
Under
hand,
on
inventories
April
Stationers & Envelopes Ltd.
trading
refundable
Wharton & Northern RR.—New Directors—
L.
1,230,467
of. clnss
the
agreement dated May 13, 1943, as amended by supplemental agreement
dated June 22, 1943 between Postal
Telegraph, Inc., and The Western
Union Telegraph Co.
with respect to acquisition by Western Union
of the assets of operating subsidiaries of Postal.
cation
banks^and
•
Sheet,
904.
p.
Assets—Cash
as
a
Selling
shares
pursuant
157,
company,
change of management" at the ordnance plan.
Wesinghouse company, the dispatch added, already operates
Naval plants at Canton,
O., and Louisville, Ky.—V. 158, p. 1480.
developments
York Stock Exchange has authorized the
listing of
class
oh official
par)
in
Balance
in other companies,
charges and other assets, $88,149;
purchased, $78,451; total, $5,313,614.
of materials
replace Hudson
The
Gross
on
$0.25
occupancy
surrender
cash
receivable
war
according to
determined
competition
Listing of Stock
and
$1,277,838;
taxes, $4,992;
in
mind, and which are necessary to
from other forms of communication.
.."The
merger
marks a new era
in
telegraph communication,, in
which the public will expect, and will be
given, even higher standards,
erf performance than before."—V. 158,
p. 1385. ;V\
the
meet
100,809
$1.56
'
■
.
with
100,809
$3.04
fAfter deducting cost of sales which
costs.
tAfter deducting cost of'sales.
beginning several
tribute, I think,
a
100,809
$2.07
taxes.
Consolidated Balance Sheet, April 30,
To Take Over Operation of Ordnance Plant—
ago when the merger first received official consideration.
Chair¬
James L. Fly and the other members of the Federal Communica¬
tions Commission and the managements of Western Union and Postal
conclusion
buying
re
years
given
100,809
profits
1941.
there will
plants,
new
The Westinghouse Electric & Manufacturing Co. will
.
man
successful
excess
will
new
have
15,121
Blanchard Stationery Co.,
Extraordinary income Cr
All
equipment
line of
no
Admiral
study and planning,
15,121
share.____
per
Adjustment
conditioning,
refrigerator
greatly enlarged
the
careful
45,364
______________
Includes
Profit
"Production
to
purchase of.the Postal facilities,". Mr. Williams said, "marks
the. conclusion of long negotiation and
will, I think, be hailed with
approval by "the: stockholders and employees in the telegraph industry,
and the public generally.
I do not know of any business transaction
more
$25,677
treas.
of prior
produced in Jersey City..7
be
Cooperation
"The
has received
$157,825
outstand.
excl.
Adjustments
At
The
which
par),
(estimated)
manufacture
Oct.- 6,
to
8,123
$306,929
the current war produc¬
C.
,
Tribute
184.030
51,720
60,485
st.
cap.
Income
present vital
on
v
$217,831
115,546
<"344,072
$208,825
income for year..
Total
Presi¬
appliance division.
our
air
manufacture
units
other
for
space
time,"
D.
-
$325,091
125,496
277,265
_
$776,497
106,094
______
Profit
Electric
Union's
stock.
$592,184
income.
deductions .1
for Fed. inc. taxes'
<"Gros$
operator of the $60,000,000 naval ordnance
plant at Center Line, Mich., the Navy's Bureau of Ordnance announced
A
$76,147
141,684
Re-organization
this
at
move
release
to
accommodation
commercial
■
-
23,346
Other
board, of Postal Telegraph.
He received in return a bill of
nale;
The 308,124 shares are to-be distributed to Postal-Telegraph
shareholders and, after Oct. 1, 1944, will be convertible into Western
class
14,910
Willson
•
,
38,366
nual Report—
"
important
war
brief ceremony in the Western Union
Building, 60 Hudson St.,
Williams, President of the company, delivered a stock certificate
to
45,248
8,477
—V.
for post-war expansion of air conditioning activities, the
has transferred all heavy duty air conditioning and
refrigeration manufacture from its East Springfield, Mass.,
industrial
a
N.
90,935
47,000
of subsidiary, $2,920; common stock
earned surplus, $1,110,588; capital
company
"Springfield
Telegraph
York
possible; Western Union, in exchange for 308,124 shares of new
stock, received all assets and business of Postal and assumed
-
42,482
106,223
78,990
prepare
above
the elevator company will not interfere with
tion at that plant. ;>
B
liabilities.
43,684
144,742
81,169
income
and
at
Western Union Telegraph Co.—Merger In Effect—
.J
4,734,302
Elevator Co.
York,
New
44,606
131,141
inc.l
payable—banks,
$1,250,000;
accounts
payable-rtrade creditors, $392,364; letters of credit
payable, $22,212; drafts and
trade acceptances
payable, $4,320; accrued liabilities, $460,878; other
accounts payable, $26,312; installments on real
estate bond and mort¬
gage due within one year, $20,795; 15-year
real estate bond and
.
;
.f$2,087,895
§1,473,647
363,551
Years Ended
tioning Activities—
1940
1,087,427
Expenses
reorganization trustees
operation.
They will issue
1941
t$1.965,542
1,567,897
Liabilities—Notes
to
806,870
1942
t$3,034,480
deferred
Westinghouse Electric & Mfg. Co.—Shifts Air Condi¬
confirmed
11
reorganization plan for the road,
1939.
to
1943
1,726,465
investments
8,451,430
316,000
474,969
1385.
p.
stock.
380,666
trademarks
11,877,338
33,961
surplus
158,
preferred
$3,061,873
$89,250;
1943—8 Mos.—1942
Confirmed-
Co.—Plan
The court also approved appointment of three
Whose
trans,
on
$301,745
916;
25,255
inc.__
the
on
sales
__________
Assets—Cash
August and Year to Date
1,237,044
income-
net
arrearages
exp._
Consolidated
74,380,919
_
from
earned
V
F. St; Sure at San
__
ordinary
Deduct.
Co.
above.
Interstate Commerce Commission
effective
from
all
out
§ Includes buying and occupancy expenses.
1943, and by the Federal
89,699,428
$1.50
Nov.
1943,
wipes
mortgage dated Oct. 5,
Deduct,
share
per
437,581
include
9,895,772
inc .1 '/
ordinary
$2.50
$761,587
stock
86,258,257
ordinary
of
494,785
Earnings
income—non¬
Gross
dividend
a
5'/
cumul. preferred stock, par $100,
This compares with $5 paid on July 1,
and an initial of $2.50 on Oct. 15, 1942.
$583,707
(no
the
101,077,620
'
paid
expenses..
Shrs.
basis
11,679,869
revenues.._
to
from oper.
Net
privilege,
12,264,145
deduct.:
and
684.
p.
the
Dividends
Union
aforesaid
the conversion
1943—Month—1942
hold¬
one-half
13,501,189
___
communication
income
Insurance
Occidental Insurance
oper.
Ordinary
1,
Payments
1,
1,
118,468;
revenues
1
on
salaries !
receivable,
Period End. Aug. 31—
to
May 1
amounted
profit
Gross
agreement
of May
13,
1943
as
approved by the shareholders of both
Statement for
158,
1
1,
admin,
Prov.
Commission.
Income
from
(other than
Income
be
and
of required conversion).
10,
Nov.
Feb.
on
Sept. 25.
April
deliv.
Depreciation
Executive
the
and
payable
paid on
preference stock
1943 —V.
no"
share
Williams & Co., Inc.—Earnings—
and
Taxes
more
will
Western
such
to
S4
of
stock,
per
2460.
profit
Selling
cash
$616,248
other
both
were
the
account
on
preference
amount
converted
upon
meetings held Aug.
1.
Oct.
on
payment
(R. C.)
of
the
a
The
of
case
of Aug.
as
$20,
par
amounts
on
declared
convertible
dividend of 50 cents
one
or
shares
excess
stock
A
Like
Arrearages
record
on
1
157, p.
Other
excess,
condition
stock,
25.
has been
cumulative
quarterly
accumulations
of
$2.50
Net
30,000
notice
class
apply in the
companies at special
Communications
than
days'
into
payment
contemplated
has been
less
to
of
Oct.
—V.
amount
of
the
excess
being assumed by Western
provision for reimbursement by way bf charge against
privilege.
If at any time the outstanding shares of
without
Oct.
corporation
holders
last,
any
exceeds
Union.
aggregate
the
preference
share
per
$4
usual
year.
per share
account
liabilities.
each
of
prior
The
aggregate net
by Western
conditional
the
If
excess.
payment
cents
the
Wiggin Terminals, Inc.-—$2.50 Accrued- Dividend—
of
the cash payment for each
1/308,124th
(calculated to
less,
will
50
on
record
1, this
$49.50
assumed
such
be
of
and the
Years End. April 30—
Western
to
or
calculated)
additional
the
conversion
(but
will
holder
converted
(similarly
of
additional
the
Union
'may
stock
B
to
stock
B
$616,248,
1/308,124th
of
amounts
class
nearest
than
class
converting
$2
ers
Aug.
class A stock.
which
net
his
at
plan,
the
value,
par
The
entitled
base figure of $10,800,000
of
vote
Sewing Machine Corp.—Accrued Dividend—
dividend
accumulations
share of class B
a
two-thirds
a
payment will depend upon the amount of
excess
of
-V.
A.
class
shares of
a
the
each
cash
Net
share
per
Oct. 28 to holders
share was disbursed
April 1, July 1, 1943.
per
6/<
preferred stock, par
record Nov. 1.—V. 158, p. 1079.
of
cents
50
payable
cents
the
on
Western
«
B
exercisable.
will
specified
aggregate
Operating
each.
directors
holders
30
follows:
cents
as
cents
share
per
15
were
of
dividend
a
stock,
common
distribution
during
.
class
West Virginia Pulp & Paper Co.—50-Cent Dividend—
The
■i-
any
stock
into
three
Operating
V
the
required to authorize the dis¬
time before the expiration of one
the conversion right of the holders
which
consummation
liabilities
of
purchased and
long-term debt, $125,000;
$2,672,103.—V.
of
adjusted base figure by $1,232,496 or less, Western Union is to assume
the liabilities,, including such excess, but the conversion privilege of
adjustments and general contingencies, $100,000;
shares, no pari, $639,670; capital surplus, $135,-
(90.000
earned surplus,
holders
be
becomes
be
to
the
B
Plan
first
votes,
will
at
upon
B
class B stock for
if
$2,672,108.
stock
a
class
his
date
date
after
The
income
on
total,
$37,364;
trade
$15,543;
the
and
vote in
a
three
stock
of class
following
class
$456,137;
assets,
taxes $47,000), $306,500;
post-war
capital stock
than
taxes
30,- 1943
deposits,
fixed
bank,
to
lotheu
Federal
June
stamps—state,
>
charges,
payable
taxes
$31,591;
rent,
Sheet,
demand
tax
$59,998;
assets,
Liabilities—Note
442;
and
$23,316;
other
trade-marks,
Balance
hand
on
receivable,
$1,774,022;
B
whereas
B
Union
Western
year
the
Consolidated
stock
A
(less U. S.
Treasury tax notes, to be aplied in payment, $590,000),
reserve
for contingencies,
$250,000: common stock (par
$20), 31,825,820; paid-in surplus arising from reduction in capital stock
(less earned surplus deficit at April 30, 1935), $228,462; earned
surplus
Since April 30, 1935, $1,033,062;
total, $7,742,977.—V. 157, p. 1656.
$1,682,779;
made
the
as
class
the
one-half
depreciation and amortization included above
$104,304 in 1943; $95,011 in 1942 and $70,842 in 1941.
to
of
Union.
•
83,500
taxes_!_____
profit
Dividends
counted
holder
Any
share
Net
five votes
class
the
of
The
1,232
6,644
is
stock shall be distributed among the holders
class B stock share and share alike and
A
and
as
after
amount
19,933
stock
A
outstanding
month
1,946
9,474
.
profits tax
Adj.; for prior year
12,000
3,058
2,000
,
,
11,434:;;. '
Excess
$252,216
,
>77. 3,023
.
locations
deductions
Provision
the
14,768
7,111
;
on
Exp.
$237,447
$449,037
class.
be
will
stock
$1,932,327
1,694,880
$433,333
1 15,704
.
'
$508,828
insurance
Loss
,
the
the class
on
class
time
income
Gross
1941
$2,478,631
distribution
any
the
on
be counted
1942
,
$2,925,898
_
Operating profit
Other income
Life
1943:
-
1
before
regard to class.
All voting power will be vested in the class A stock and the class B
stock
without
regard to class except that
(a)
in ascertaining the
result of any vote, a vote in respect of a share of class A. stock will
-
Years Ended June 30—
share
a
without
Weinberger Drug Stores, Inc. (& Sub.)—Earnings—
Gross
$50
any
distribution
of
—V.
to
come
class A stock have been provided for;
and in the
liquidation, dissolution or winding up of the affairs of
Union, the funds remaining after the aforesaid $50 preferential
of
Western
18,581,000
15,038,000
the
stock.
B
holders, of
event
$2,325,000 S18,2.90,000 $23,935,000
$2,032,000
Wholesale
entitled
Liabilities—Accounts payable. $1,039,672;' customers'
advance pay¬
ments, $1,050,938; accruals, $632,244; provision for Federal taxes on in¬
any
In
share
dividends
'
Period End. Sept. 30—
shall pe
have
good.
and share alike and without regard to class, will be
entitled to participate in any and all dividends which may be declared
and paid during a 12 months' period after the aforesaid $2 preferential
V' *v .'
'
be
class
the
stock,
p-V. 158, p. 199.
,V*
shall
made
will
The
$65,492
$83,593
stock
A
less than $2 a share, no holder of
right to have any such deficiency sub¬
event of any liquidation, dissolution or
winding up of the affairs of Western Union, the holders of the class A
on
•—I
7 Total
class
stock
sequently
1579
of
Public
Service
Corp.—Resumes
Common
Dividend—
The directors have
common
A
stock,
par
declared a dividend of 15 cents per share on the
$10,
payable
like amount was.disbursed
on
Nov. 1 to holders of record Oct. 15.
this issue on May 1. 1942; none since.
Siryilar distributions were also made on May 1 and Nov. 1, 1941.
•;>w-
THE COMMERCIAL & FINANCIAL CHRONICLE
1580
directors
The
also
declared
the
quarterly
regular
per .share on the 57c
preferred stock, par
'holders of record Oct. 15.—V. 157, p. 2200.'
dividend
payable
$100,
of
$1.25
Nov.
1
Yellow
to
Truck
Coach
&
Mfg.
Co.—Suspended
Monday, October 18, 1943
E.
from
Dealings—
Woodward Iron
9 Mos. End.
stock ($1 par) and 17c cumulative preferred stock ($100
been suspended from dealings on the New York Stock Ex¬
The stocks were acquired by General Motors Corp. in exchange
for General Motors Corp. common stock,—V,
158, p. 1182.
1943
1942
$844,816
$618,184
1 Earnings per share—$2.51
$1.84
'Net
profit
•After
the
—
for Federal
charges and provision
tOn
tax.
—
158,
Net profit after all
Woolson Spice Co.—Dividend Rate Reduced—
•Loss.—V,
The
company
the
on
This
no
Sept..
on
.value
par
with
compares
on
March
31
V.
146,
paid
30
dividend
a
stock
common
quarterly
to
of
20
holders
distributions
of
cents
of
record
25
Sept;
each
cents
and
June
30,
last,
and
in
each
during
quarter
1942.—
3 Mos, End.
(Bales
1943—Month—1942
33,405,198
;
—V.
158,
1943—9 Mos.—1942
Corp. (& Subs.) —Earnings—
July 31—
depreciation, excise taxes and
33,846,880 301,659.410 284,125,662
$769,146
Federal
(net)
taxes
on
$375,900.
State and
|On 492,464
arid also
shares
intends
to
hearing
employ
and
immediately
thus
augment
800
workers
1,000
to
force 'of
its
workers.-
war
Zenith
employee with deficient hearing will be supplied with
gratis, which Hearing Aid will become the employee's
Aid
or
she
has
been
in
our
employ for 60 days.—V. 158,
1286.
$0.62
of
The
provision
taxes,
capital
Z. & F. Assets Realization
for
reserve
after
for Federal income and excess' profits
of
:
possibility
deficient
new
Hearing
p.
t$307,764
including
reserves,
contracts,
war
*
by
property after he
1942
$1.67
voluntary price reductions
of
a
1943
<=$823,053
.
months.
the war.
Corporation
"■
,
,
Each
profit
•After
J
1385.
p.
1336.
^Earnings per share___,__...
(F. W.) Woolworth Co.—September Sales Off 1.3%—
,.v'
highly secret equip-*
expected to be further aocel-'
the
company's recently announced Hearing Aid if?.
It was originally the Intention of the management to
production and marketing of this product until after
the
plants
with
Net
Period End. Sept. 30—
July 31, '43 June 30, '42 June 30, '41
$9,090
*'$24,432
*'$27,859
charges and taxes
p.
Zenith Radio
2390.
p.
156,
28.,
made-
"
is
However, because of the existing manpower short-'
of placing large numbers of deaf persons in
making a low cost quality Hearing Aid available now,
the company has been able to secure the
necessary material allocations
for
immediate production.
'
''
war
-6 Months Ended-
share
per
winter
and
of
the
and
age
7 Mos. End.
the
continues
way.
the end of
Brewing Co.- -Earnings—
Period—
296.
p.
effort
war
during
under
now
withhold
Zoller
and excess profits
income
336,223 shares of capital stock—V.
the
Production
change.
Sept. 30—
McDonald, Jr., President states:
for
erated
have
pan
Co.—Earnings—
F.
Company's high rate of production of vital and
meat
The class B
corporation
and
its
trustees
Supreme Court of the State of
tAfter
that
stock.
the
trustees
have
the
Corp.—May Dissolve—
Sept. 23 filed
on
York
New
right
to
asking,
a
petition in the '
other things,
among
the
for
vote
dissolution
corporation and that th<N;rust then be terminated.—V.
of
157, p.
tho
1952.
.
"
City Department
BOND PROPOSALS AND NEGOTIATIONS
ALABAMA
bonds will be opened at the office
of the Union National Bank of
(P. O. Birmingham), Ala.
Fiscal
Year
Closes
Without
Floating Loan—The following ar¬
ticle
„.f
is
from
taken
the
sell its interest in the Public Ser¬
Little Rock, Trust
10 a.m., Oct. 25.
Jefferson County
!
vice Co. of Colorado to the
public
as means of
divesting itself of its
Department, at
Interest from
Oct. 1, 1943, to Oct. 25, 1943, will
be paid on all bonds accepted.
Birming-
ham "Post" of Oct. 1:
With
the
county and State taxes starting
today, the close of the old fiscal
year marked the first time in 21
years^ Jefferson County
borrowed money for its
mental
functions,
an
has
not
govern¬
examination
of reports revealed.
to
expected $250,000 loan
by economies.
In
an
previous years, bor¬
from
banks
has
been
many
rowing
necessary,
sometimes
in
years
when revenue was greater than
last year.
At
A'V
the
Sealed
stated
last four years
Tenders
H.
by
Treasurer,
sealed
L.
that
tenders
1935."
The
and
Acquisition
and
Many old issues
also
of
bonds
have
been
and
refi¬
nanced at lower interest rates.
bonds
new
\
issued
or
and
No
warrants have been
this
is
said
to
be
the
first four-year period of that kind.
In
1938
the
county
borrowed
$1,150,000 from banks and this
been paid.
has
on
Oct.
$2,500
Improve¬
(City and County),
Trust
1943.
There
*'
increase of $25,978.97
the second quarter.
the total
was
over
same
Rationing
duced
that
However,
$57,394.62 less than
the distribution for the
ter in
1942.
gasoline
tax
quar¬
has
re¬
collections
.since December, 1942.
Each coun¬
ty will receive $403.27 as its share
of $30,245.25 in
quarterly oil in¬
spection fees.
Hot
Bond
lin
Springs, Ark.
Issuance
Pending—It is
Mayor Leo P. McLaugh¬
said that
announced
city
will
recently
issue
about
that
the
County
other
bid
bonds with which to fi¬
the purchase of a water dis¬
tribution system.
Jefferson County, Pine Bluff Sewer
District No. 1, Ark.
bonds
Nos.
(P.
O.
district warrants
were
called
for
ceasing Oct. 7:
terest
to
Jan.
1,
on
date
called.
Little
1944.-
Interest
Street Improvement
District No. 378, Ark.
To
,
~
Rock
Purchase
Bonds—District is
Sept: 9, 1943.
value
the
plus
Dist. No. 17—All warrants reg¬
istered before Sept. 9, 1943.
Dist. No. 24—All
warrants
reg¬
istered before April 4, 1943.
Dist. No. 33—All warrants
reg¬
istered before Sept. 9, 1943.
Dist. No. 52—All warrants
reg¬
istered before Sept. 9, 1943.
Denver, Colo.
Public
Utility Acquisition Pro¬
posed—It
was
should
"If
the
within
be
revert to Federal management in
event of failure of the
plan of
the Cities Service Light & Power
Co. to sell its interest in the com¬
the
preferred
and
the
on
value
to
than $5,250,000
ted
"The
private investors.
*
would
be
the basis of its pro¬
value to the physical
on
portionate
appraisal of the properties, and to
acquire it the city would issue
bonds.
"The
of
out
interest
on
The
way.
bonds
would
earnings
and
revenue
be
the
them
paid the same
city would assume no
financial
obligation and its only
obligation would be that of man¬
revenue
fund at the close
of the present fiscal year on June
30, 1944, of $6,989,484.
On July 1, 1943, the beginning
of the present fiscal year, there
was
a
nonearmarked
balance
in
the general revenue fund of $9,084,232. The statement showed the
district
payable
and
warrants
to
cease
are
draw
interest Oct. 21:
Ordinary county
rent:
all
revenue—cur¬
warrants
registered up
to and including Aug. 19, 1943.
Ordinary county revenue—out¬
standing:
all warrants registered
up to and including Dec. 24, 1941.
Road and bridge—current:
all
warrants registered up to and in¬
cluding April 15, 1943.
Also
various
interest ceasing
school
Oct. 13.
1
232 for 1945.
The statement
proposed
on
.
Cites
The New Haven
11
reported
in
Debt
pointed out that
adding the
of $4,150,000 to be
District debt
in
1945,
retirement
would
statement
many
"Register'^
Fowler
other
cities
of Oct.
part as follows:
"Mayor John W. Murphy today
of
Florida
the
terest
charges
retirement
and
to
the
of
indebtedness.
accelerate
local press reported on the
proceedings, as follows:
State gasoline tax funds are be¬
ing used to pay interest and prin¬
cipal on all county-wide road and
bridge bonds, and no county ad
valorem tax moneys are involved.
Board
of County Commis¬
The
sioners has
no
connection with the
proposed refund, the State having
assumed responsibility for retiring
the obligations under terms of the
amendment.
the
proposal, 815 $1,000'
issued, maturing
period of years, beginning
Dec. 1, 1947, when $21,000 on prin¬
cipal will be paid. The final pay¬
over
will
be
a
ment, $59,000, will be made Dec,
1, 1961.
The new bonds will be
Dec.
1, 1943.
Two refunds of Charlotte Coun¬
ty
road and bridge bonds have
previously been concluded by the
County Commission, the first Dec.
1, 1936', and the second Dec. 1;
1941.
It
indicated in the pe¬
was
tition filed in the validation pro¬
ceedings that the $815,000
standing from the first
are
out¬
refund,
and
one county official said
they
appeared to be bonds that did not
in
come
the second refund.
on
The 1936 county-wide road bond
refund resulted in the issuance of
said
He stressed
the fact that
the responsibility of
meeting the
challenge of the post-war
one
which
should
be
years
is
undertaken
now.
They
FLORIDA
Gorda), Fla.
State
and
Board
Bridge
of
are
the remaining bonds of
a
$2-7,000 refund of the
completed June 1, 1938,
Board
of
Without any property tax
district,
district
by the
County Commissioners.
the
entire
in the
district
obli¬
gation will be retired from gaso¬
line funds in four years under the'
State Board's plan.
Fernandina, Fla.
Bond
Sale
The
—
$28,000 4%
'coupon general refunding
offered Oct.
were
13—v.
158,
p.
bonds
1389—
awarded to John Nuveen &
Co., Chicago, at
a
price of 108.691,
basis of about 3.39%.
The offer¬
ing consisted of bonds numbered
16 to 25, due on
July 1, 1961, and
County (P. O. Punta
Road
1943,
the bonds will mature.
a
Charlotte
7,
and will be
retired in full Dec. 1,
1947, when
cleared up their indebtedness and
have also established financial re¬
serves.
Dec.
have
Proposed Refunding of County-
Reduction—
be
terms
ment adopted in 1942 and are de¬
signed to effect a reduction in in¬
sum
debt
his
In
that
The
Mayor
would
the
gasoline tax constitutional amend¬
dated
;
in the past three years,
Wide
New Haven, Conn.
came
Bridge
Both reundertaken
revenues
for 1944 are
$1,930,000 of bonds, many of which
$47,910,000 which added to the have been retired.
$6,000,000 payment made to the
In the separate petition
regard¬
District government by the Fed¬
ing the Charlotte Harbor Road and
eral Government and the $9,000,Bridge District bonds, which are
000
unobligated balance makes also being paid with gasoline tax
total funds available of $62,944,funds, the new bonds will be
warrants,
CONNECTICUT
.
and
Road
estimated
County (P. O. Walsen- amount to $14,790,000. It was said
hurg), Colo.
that this represents a vast sav¬
school
under
financial statement
Warrants Called—It is reported ing in interest payments and paves
that the County Treasurer has an¬ the way for a brighter outlook for
developments.
nounced that the following county future
and
fundings
dated
annual
total
Huerfano
credit
present
fiscal affairs, submit¬
yesterday to the Commission¬
by Budget Officer Walter L.
paid
agement."
District's
general
of preferred
stock
common
acquired
the
Fowler, estimated that there will
be an unobligated balance in the
be
for purchase of the common
stock,
in which is invested the
manage¬
ment.
Washington "Post" of
the following report
had
of District
stock,
debentures
found
10
The
ers
was
'
status:
reason,
Councilman
posal
Oct.
this
and
:
Fiscal Report Shows Large Bal¬
ance—The
considering
the
$40,000,000 of bonds, nearly $10,000,000
of debentures and the
re¬
given to a
plan for municipal acquisition and
pany to
District of Columbia
would be the value.
now
recommended
cently to the City Council by
Councilman Harrington that con¬
sideration
fixed
Harbor
District refunding bonds.
bonds
physical assets had
be
bonds
retired
Dist. No. 6—All warrants regis¬
tered before Sept. 9, 1943.
Harrington's pro¬
shortly after an an¬
nouncement
by
Cities
Service
$471.08 Light & Power Co., a subsidiary
with which to purchase bonds be¬ of
Cities Service, that it had
ap¬
fore their maturity.
Tenders of plied to the Securities and Ex¬
notifying holders of bonds that it
lias deposited with the Union Na¬
tional Bank of Little Rock
could
revenue
.26, 30, 34, and 37 to 44, are called operation of the Public Service
for payment on Jan.
1, 1944, at the Co. of Colorado. The proposal was
Simmons National Bank of Pine advanced as final, and to forestall
Bluff, together with accruing in¬ possibility that the utility might
ceases
stock
lotte
Under
DISTRICT OF COLUMBIA
determined, taking into con¬
sideration charges off for depre¬
ciation, the value of the common
Dist. No. 3—All warrants regis¬
tered before
or
long-term money since
1941, the Mayor emphasized."
commission :
the
.
is
short-
ap-
been
Called—The
payment at his office in Brighton,
interest
an
stock, the city could then negotiate
Brighton),
County
Treasurer is reported as stating
the following county and school
revenue
Call—Sewer
no
Dec. 20,
Colo.
Warrants
$1,875,000
nance
Bond
was
on
COLORADO
Adams
(State of)
tribution of the Arkansas
highway
turnback funds totaled
$308,104.36,
an
constituted
more
Highway Turnback Funds Show
Increase—The third quarterly dis¬
of
Due
City Council,
ordi¬
through the
office of the Manager of Parks
and* Improvements or a
specially
Co., all of San Fran¬
cisco, at 0.37%.
ARKANSAS
Arkansas
A., the Anglo Califor¬
nia National Bank and the Amer¬
ican
by
1932.
refunding bonds and $24,000 Char¬
The
The city's inter¬
nearly $500,000 below
that of 1932, there have been no
deficits during the period and the
city has not had to borrow either
raisal could be made of the physi¬
cal assets of the Public Service
"When
158, p. 1481—were
by a syndicate com¬
the Bank of America,
N. T. & S.
authorization
in
bill
est
Co. of Colorado either
136 and
11—v.
of
posed
tration
of the
nance
Improve¬
Calif.
purchased
pro¬
declared:
15
opponents.'
our
"Under the present administra-
explaining his
Councilman Harrington
"Upon
in
ion, the Mayor said, city debt is
almost $10,000,000 below the alltime-high debt of $19,620,204 left
by the last Republican adminis¬
statement
a
proposal,
received.
f
In
hand
hopes to make the payments $100,Note Sale—The $3,000,000 tax000r annually hereafter.
anticipation notes offered for sale
warrants
by
nance.
bonds
9,500
San Francisco
entire
record
with 'any promises that
may have
been made or that may be made
acquisition could be han¬
by the Council through ordi¬
of
137
and
said
gram of
on
purchase
Dist. No.
ment
and the
the
city's finances in good order and
keeping them that way. He urged
taxpayers and industrialists of the
city to contrast this proved record
sen¬
bonded
dled
to
its major objective of putting the
Public
Harrington
directly
support of his claim that the cur¬
rent administration has achieved
that under his plan the city would
not
be required to
increase its
aggregate $12,000:
Acquisition
the
management
Nov.
amounts
for
"death
of
went
to
receive
is
a.m.,
available
the
provisions
right
County
Invited—It
Byram,
he will
until
under
for
debt, there would be no
necessity for a special election, its
sole
responsibility would be in
16, at
of the following refund¬
ing bonds issued under the "Re¬
funding Assessment Bond Act of
same
for the
County Acquisition
Districts, Calif.
ment Dists. Nos.
time, the county
has averaged paying about $75,000
a
year retiring bonds and war¬
rants
Angeles
and Improvement
10
The county also does not expect
borrow
any
this year and
avoided
Los
holdings
tence"
Councilman
and
year
Commission
Utility Holding Act of 1935.
CALIFORNIA
fiscal
new
change
Bonds—
Administra¬
tion, through its attorney, D. Stu¬
art Gillis, recently instituted pro¬
bonds numbered 26
to
52, due
on
to 28, and 38
July 1, 1964, with all
unmatured coupons attached.
nom.
108.02
$1,000.
was
made
by
Churchill,
Sims & Co., New York
City.
Lake
De-
Second high bid of
.
Worth, Fla.
Bond Validation
ceedings in Circuit Court at Punta
Sought—It is'
Gorda seeking validation of $815,- reported that Mary L.
Esarey, City"
000 county-wide road and bridge Attorney, filed a petition in
the
.
1581
Circuit Court
Sept. 30 for the
$3,781,200 refunding
city. ; ; The petition
asks for approval, of the bond re¬
funding plan which was proposed
by Thomas M. Cook & Co. of West
on
validation of
of
."bonds
the
of
Commissioners
held
for
the
session
a
meeting
Public
yesterday.
made
was
at
mention
first
the
Illinois
the
that
time
The bond ordinance
Bond Offering—E. Vance
Jones,
Commission
until
8
called
was
for consideration by Maurice
Kavanagh, Chairman of the Fi¬
up
F.
Committee.
nance
Richard J.
He called upon
Daley, Deputy Comp¬
(EWT),
on
Oct. 25, for the purchase of
$696,000 refunding bonds.
Dated Nov. 1, 1941. Denomina¬
tion $1,000.
Due Nov. 1 as fol¬
lows:
$5,000 in 1944, $12,000 in
1945, $13,000 in 1946, $15,000 in
1947, $18,000 in 1948, $22,000 in
1949, $23,000 in 1950, $21,000 in
1951, $20,000 in 1952, $6,000 in
1953, $21,000 in 1954, $19,000 in
1956, $21,000 in. 1957, $32,000 in
1958, $21,000 in 1959, $4,000 in
1960, $3,000 in 1961, $4,000 in 1962,
$5,000 in 1963," $4,000 in 1964,
$2,000 in 1965, $3,000 in 1966,
$34,000 in 1967, $46,000 in 1968,.
$4,000 in 1969 and $318,000 in
board, which met
following the Committee session,
were disrupted
by questions raised
by Commissioner George A. Mil¬
1971.
ler.
All
callable
p.m.
of said bonds
are
non-
the
with
exception of
bonds maturing in 1971, which are
optional and subject to call on any
interest paying date after Nov. 1,
1961, at par and accrued interest.
of
All
31/2%
the
bonds
bear
interest
at
Nov.
to
1, 1944, and 4%
maturity. Principal
and interest payable at the First
thereafter
to
National
Bank,
bonds
will
terest
coupons
troller
of
the
county, to explain
provisions of the bond ordinance
and
resolution which fixed
a
for
ness
$8,346,000.
bond ordinance
the board
ley,
week ago by
a
and
submitted to
were
they
Mr. Da¬
referrred to
were
the Finance Committee.
Plans to
tabled
ordering
until
the
Committee
meet
Oct.
19, and the entire board will
con¬
nance
will
the following day.
vene
said the law firm
Cutler,
retained
of
to
Chapman &
handle legal
of
an
the financing
and to
approving legal opinion
the proposed flotation, had rec¬
ommended that the State
ders must
Court
and make
payment for the bonds
approving
Marshall,
Trimble & Mitchell of New York.
of
certified check
a
the
for
value of said
to the ctiy,
payable
.
Cut
certain
called
whether
this
the
textbooks
.
chases
death
to
pro¬
improvements, school
and
and
knell
library book
other
State
pur-
improve¬
ments, Governor Arnall and State
Auditor B. E. Thrasher Jr., said in
instructing State departments
"tighten their financial belts."
Thrasher
income
estimates
from
the
gasoline
Miller
action
to
State's
taxes
will
this
to
was
a
.
Chapman & Cutler has declined to
funded
is
established
through
Passage of the bond
ordinance by the entire Board of
court action.
is expected to pave
the way for the
filing of a friendly
taxpayer's suit in one of the coun¬
ty courts for an injunction to re¬
strain the county from selling the
bond
issue.
Any
decision
tify the various claims.
While Mr. Daley was
the
resolution,
explaining
which
fixes
the
funding pur¬
at $8,346,000, Commissioner
poses
remarked
included
were
the
that
in
some
bills
total
the
that
board
port
available
to
to
the
individual
number
motorists.
ILLINOIS
Blue Island
Community High Sch.
Bond Call—It is stated that Al¬
bert H. Brandt, District Treasurer,
is calling for payment on Nov. 15,
at par and accrued
interest, 4%%
refunding bonds, Nos. 25 to 44, to
the amount of $20,000.
Dated
May 15, 1941, Due May
15, 1961. The bonds with all ma¬
and
tured
unmatured
interest
should be pre¬
sented for payment at the First
National Bank of Chicago.
••■
attached
Interest
ceases
on
date
called.
Finance
County (P. O. Chicago), III.
Action
on
poned—The
taken
Funding Issue Post¬
the
a
re¬
amount
of
Committee,
which
was drafted by
Chapman & Cut¬
ler, cut this total down for fund¬
ing
to
purposes
the
$8,346,000
figure.
Commissioner Miller complained
-
that
he
had
not
seen
the
revised
list of claims
by
copy
and, when offered a
Mr. Daley, declined to
look it over, while the Committee
was in session.
He declared that
"the
trouble
that
a
tell
with
this
board
is
us
few people get together and
what is to be done."
He
called
the
upon
board
"to
do
things in
a businesslike way."
Commissioner Kavanagh then
ordered
Cook
fixed
Aug. 13,
Howard,
outstanding claims as of Dec. 1 at
$10,359,814. The resolution before
the
Dist. No. 218, Cook County, III.
coupons
which
On
the
matter
of
the
bond
issue tabled until next
week, and
Miller
requested
that
all
the
Commissioners be
Commissioner
$285,-
consist
Due May 1,
follows: $16,000 in 1956 and
1957; $17,000, 1958 and 1959;
$18,000, 1960; $19,000 in 1961
and $20,000 in 1962.
87,000 2V2% bonds.
Due May 1,
as
follows:
to
1952 incl. and
$14,000 from 1950
$15,000 from
1955 incl.
75,000 2V4%
bonds.
Due May 1,
follows: $12,000 from 1944
to 1946 incl. and
$13,000 from
1947 to 1949 incl.
as
of
the
bonds
bear
date
of
May 1, 1942. Interest M-N. Denom.
$1,000. Said bonds, except $12,000
ue
May 1, 1944, are callable as
whole at any time on and after
the
denomination
thereafter
order,
in
inverse
30
upon
the
days'
annum,
subject to prior redemp¬
tion
inverse
in
on
prior
following
to
of
the face amount plus accrued in¬
terest plus' a call premium
to
3%
on or
legal opinion of Chapman & Cut¬
ler, of Chicago, states that these
bonds constitute valid and
legally
binding
obligations of- the City,
together
with
such
other
be issued pursuant
restrictions of the ordin¬
the
may
ance, are payable solely from rev¬
enues to be derived from the
op¬
eration
of the City's electric dis¬
tribution property now owned or
hereafter acquired.
These bonds
issued pursuant to
Chapter
76, Acts of the General Assembly
of Indiana
1913, as amended, and
Special Ordinance approved May
9, 1942.
are
Such
ordinance
provides
that
among other things, a schedule of
rates for service from the electric
utility
will
be
fixed,
charged, collected
for
so
that
the
and
revised,
accounted
derived
therefrom will be sufficient at all
times to
the
pay
interest
revenues
promptly when due
on
the
principal of
this issue, pay the cost of main¬
taining and operating the property
and
create and maintain
quate
renewal
and
an
ade¬
replacement
fund.
Action
on
a
Assessment Bonds Outstanding
by Cook County of a new
Bond Sale Details—The
$10,500
$8,346,000 bond issue for the pur¬ Small—It is stated by the City funding bonds purchased as
iy4S,
Clerk that due to an
pose of funding unpaid bills and
agreement at a price of 100.485, by the Far¬
judgments as of Dec. 1, 1942, was between the-bondholders and the mers State Bank of
Plainfield, as
deferred until next week by the property owners, most of the
spe¬ reported in v. 158, p. 1390—ma¬
tion
Finance
Committee of the
Board
cial
assessment
bonds
have
been ture
on
thereof
shall be prior
to 2%
to
of the
thereafter, all ma¬
1; $1,000 in each
Nov.
on
1948,
1949,
1945; $1,500
1946, 1947,
1951; $2,000 in
1950,
each of the years
Bond
Phil
Nov. 1, as follows:
$1,000
gen¬
an
in¬
Aug.
31
last
$27,010,613,
amounted
year
while
the
on
date this year the total
345,939.
to
same
was
$31,-
:
Comparative figures of impor¬
tant
sources of State revenue for
the first two months of the current
fiscal period and
July and August
of last year were listed as
follows:
Taxes
from
corporations, $1,944,989
and
$951,573;
licenses,
$13,676 and $51,602; motor vehicle
licenses, etc., $280,945 and $316,alcoholic
beverage
taxes,
$669,551 and $1,285,464; gasoline
taxes, $1,499,107 and
$1,943,238;
income tax, $824,800 and
$1,118,531; Maryland Racing Commis¬
sion, $18,988 and $40,751.
262;
Maryland State Roads Commission
(P. O. Baltimore), Md.
Bonds
Purchased—William A.
Codd, Chief Auditor of the State
Commission, reports
$74,000 bridge
were
Oct.
11
revenue
that
refunding
purchased
at
U
*°
by tender
price of 101 and
a
interest.
Ky.
Redemption Notice—It
by
the
Comptroller stated that cash
hand in the State
Treasury on
on
stated
that
The
on
bonds
Henderson,
said
surplus showed
$3,993,061 during the 12
months, with the total at the end
of August being
$12,601,725.
of the Third National
land.
$31,559,000, v
the indebtedness
of
crease
Roads
Bank, Ash¬
was
$35,874,000.
also
eral funds'
1952,.1953, 1954,
1955, 1956, 1957 and 1958, payable
principal and interest at the office
is
MICHIGAN
J.
Thorny, City
Clerk, that the city has exercised
its reserved right of redemption
and has called for payment, as
of
Allen Park, Mich.
Tenders
Invited—Village Clerk
Stanley H. Burbank will
receive
March
sealed
to
ing notes, dated Nov. 1, 1937, and
maturing Nov. 1, 1947, until 7:30
p.m.
(EWT) until Oct. 26.
The
1, 1945, all outstanding re¬
funding bonds numbered from 1
356.
Dated March 1, 1925. Due March
1, 1955, redeemable on March 1 or
Sept. 1, each year, commencing
March 1, 1945. Interest ceases on
date called.
amount
fund
The
assessable
shows
basis
1944
of $38,451,870
basis, according to a
the 1943
report
submitted
on
Mayor
McKeldin
by
Fitzpatrick,
manager
of Assessments.
reau
for
increase
an
Oct.
5
to
M. Frank
of the Bu¬
$38,451,870 increase, $19,is in the real estate ac¬
949,040
The remainder is
collectible
rate
and
the
at
full
city tax
According to
an
analysis of the
increased assessable basis made by
Herbert Fallin, Budget Director,
the boost will produce $550,372.41
in revenue in excess of that pro¬
duced in
1943.
"Figuring
a
96%
collection
rate," Mr. Fallin said, "on all
classes of property except deposits
in savings banks and securities,
which have 100%
expectancy, the
expectancy for 1944 will be
total
$34,650,044.90
$34,120,031.76,
compared with
which is an in¬
creased expectancy of $530,013.14.
"A
96%
1944
will
as
expectancy
1 cent for 1943 of
increased yield
rate
for
$124,742.50
of each
1
or an
cent of
for 1944 is $1,671,026,010, as
compared with
$1,632,574,140 for
to
the
village.
reserves the
any irregularities
tenders; to accept the ten¬
ion
most favorable to
the village and
purchase additional notes suf¬
to
ficient
to
exhaust
money available
Oct.
26.
the
amount
of
for this purpose
Offerings should
be
firm for five days.
Avon
and
Sch.
Troy Townships, Frac.
Dist.
Sealed
No.
11,
Tenders
Mich.
Invited—It
is
stated that sealed tenders will be
received until Nov. 8, at 8
p.m..
by
Lowell
O.
Fairchild, District
Secretary, of series A bonds, dated
May 1, 1938, and series A certifi¬
cates
of
indebtness,
dated
May
1, 1938.
Berlin
Township, South Rockwood
Special Assessment Water Dist.
(P. O. Newport), Mich.
Bonds Not
Sold—No bids were
submitted for the $42,835.85 not ta
exceed
bonds
6%
interest water supply
offered
on
Sept. 7—v. 158,
993.
p.
Gogebic County (P. O. Bessemer),
Mich.
Notes
Sold—It
$38,000 notes
is
were
stated
sold
that
recently
to the Bessemer National Bank of
Bessemer.
on
Denomination
$7,600.
1, 1943.
Due $7,600
May 1 in 1944 to 1948 inclusive.
Oct.
Subject
order
of
to
redemption in direct
maturity on any inter¬
date, at par and ac¬
est payment
1943.
The
ment
largest single item of
is
on
assess¬
real
estate, which is
listed at $1,134,800,440 for 1944, as
compared with $1,114,851,400 for
.
,
:
An
Associated
,,
Press
Millard Tawes,
dispatch
had the
upon. 30 days' pub¬
Principal and inter¬
at the
County Treas¬
urer's office.
State Comp¬
indebtedness
decreased $4,315,000
months' period up to
ipal
Finance
nounced
Aug. 31.
Commission
gation bonds
tion
an¬
Oct. 7 that it had
au¬
community to
$265,000 serial general obli¬
and
had
during the 12
on
thorized the above
issue
troller, reported today that Mary¬
bonded
interest,
est payable
Bonds Authorized—The Munic¬
following to report:
land's
crued
lished notice.
Grosse Pointe Woods, Mich.
from Annapolis on Oct. 5
J.
said
tenders which in the opin¬
of the
Village Council are
Dated
$2,066.88," he added.
The total taxable basis of Balti¬
more
of
Offerings
waive
yield
$126,749.38 for a
tax of 1 cent," Mr. Fallin said.
"This compares with the tax of
tax of
sinking
or
levy on
of which
portion at fixed rates.
a
the
$11,736.86.
a
personal property, some
is
in
retirement
village expressly
in said
der
on
Of the
count.
the
is
right to
Assessable Basis Increased—The
over
hand
on
for
notes
they will be sold
MARYLAND
Baltimore, Md.
city's
tenders of interest refund¬
should state note numbers and
par
value and the amount for which
Large Debt Decline Reported—
Independent Sch. Dist.
(P. O. Plainfield), Iowa
Quoin, III,
date
value
Maryland (State of)
Plainfield
Du
flota¬
face
of the years 1944 and
in each of the years
IOWA
list of claims.
proposed ordinance
call
turing
1943.
following report is
Chicago "Journal supplied with
copies of the revised
of Commerce" of Oct. 12:
the
1, 1948, equal
from the
which would authorize the
of
face value thereof if said call date
shall be on or after Nov.
April
30, 1962.
payable at the La Salle National
Bank, Chicago, or at the City
Clerk-Treasurer's
office.
The
to
order
interest-payment
date
30 days' published notice at
upon
interest,
schedule
30, 1959; and
prior to April
Principal and interest
as
numerical
any
published
premiums: 6%
on
or
prior to
April 30, 1947; thereafter 5% on
or prior to
April 30, 1950; there¬
after 4% on or prior to April
30,
1953; thereafter 3% on or prior
to April 30, 1956; thereafter 2% on
or
of
numerical
notice at par and accrued
plus
Oct.
on
$1,000 and
$500 bearing interest from Nov. 1,
1943, payable on the first days of
May and Nov. in each year; bonds
numbered 1 through 28 at 3%
per
May 1, 1944, or in part on May 1,
1944, or any interest payment date
bonds
Mr. Daley and Lee J.
County Auditor, presented
only
$123,000 2%% bonds.
All
a.m.
15
the call date is
Details—The
Co., Chicago,
the following:
to
bids
but prior to Nov. 1, 1953, equal to
1 %
of the face value thereof if
&
1953
Sealed
—
until
by. W. E.
Fearing, County
Clerk, for the purchase of $25,000
building revenue, school bonds, in
if said
utility revenue bonds
purchased in June, 1942, by John
as
Offered
received
were
Nov.
Bank
said,
year ago
amounted to
1, 1948,
Issue
Nuveen
Bonds
at¬
National
a
Tawes
for
000 electric
and
of claims.
First
he
year,
while
KENTUCKY
coupons
Lebanon, Ind.
Bond
vised
is
limited
at
1953.
Boyd County (P. O. Ashland), Ky.
presented
be
in
equal
or
INDIANA
had not approved.
It
thereupon explained that the
$8,346,000 figure represented a re¬
was
list
interest
should
thereafter 1%
and one-half gallons to two
gallons. However, only one A cou¬
pon can be used per week, while
expenditure of B and C coupons
•
would
be referred to the Supreme Court,
which will be called upon to cer¬
all matured
of Rossville.
an
Miller
one
■
bonds with
payment
decide.
reduced the value of B and C
cou¬
The
be
amount of claims for
from three gallons to two
gallons in Georgia, while increas¬
ing the value of A coupons from
$5,000.
Aug. 1, 1937.
Due Dec.
Dated
on
It is understood that the firm of
reported that
to the'face value of
asked
would
is
Young, Township Treasurer,
calling for payment on Dec. 1
5% refunding bonds Nos. 23 to 27,
question for the board
be cut $4,800,000 per year by new
OPA regulations.
The OPA has
pons
Township, III.
Call—It
is
taken, and Mr. Daley replied that
Georgia's gasoline rationing have Commissioners
posed road
pass
phases of the financing.
Commissioner
be
Revenues
by $4.800,000—New reductions in
-sounded
to
upon
Interest
$1,000.
$2,000
The figure at the end of tho
second month of the current fiscal
H.
Jesse
Supreme
approving legal opin¬
ion on the proposed issue until the
validity of the various claims to
Georgia (State of) A'vvV
Reductions
be
submit
GEORGIA
Gas
on
2%
bonds,
par
Ross
Bond
of
In his explanation of features of
the
bond
ordinance, Mr. Daley
May 1, 1944,
attached, and bid¬
agree to accept delivery
Enclose
Fi¬
W.
payable J-J. ;
matter
The
week.
next
and subsequent
accompanied by
the
opinion
of
Caldwell,
Denomination
and
Basis of about 1.17%.
$20,000
Jan. 1 in 1946 to 1955 inclusive.
on
This resulted in Commissioner
Kavanagh
Mr.
1,
1, 1945.
entire
the
to
purchased at par, are dated
1943, and mature $2,000
were
Dec.
unmatured
the
of
Ownby of Mattoon, as 3s, as noted
158, p. 1481—it is stated
by the City Clerk that the bonds
tached
fore
sale
bonds
$1,500
1948, $1,000 from 1949 to .1952
inclusive,
connec¬
here—v.
the ordinance
approve
meeting and to bring them be¬
submit
at the above bank, on or prior to
Oct. 30.
Said bonds are to be
station
tee
details
due
fire
from 1945 to 1947
inclusive;
in
Details—In
the
and the resolution at the Commit¬
in¬
with
with
the
county's indebted¬
funding " purposes
at
The resolution and the
Sale
tion
amount of the
The
Chicago.
delivered
be
Bond
preme
Leesburg, Fla.
few bonds
a
Mat toon, III.
Su¬
Court would probably have
.to pass on phases of the financing
Palm Beach and approved by the before the bond issue actually is
sold.
City Commission late in August.
City Clerk, announces that sealed
bids will be received by the City
liquidated, with only
remaining unpaid.
at
sewer
to
finance
extension
of
comple¬
its
storm
system. The bonds will
ture from 194.6 to 1973,
ma¬
i:
THE COMMERCIAL & FINANCIAL CHRONICLE
1S82
;
Lincoln Park School District, Mich.
Certificates Purchased—In
nection
with
edness, dated Nov. 1, 1935 and
May 1, 1937, due Nov. 1, 1945,
Refunding Agent Matthew Carey
of Detroit reports that the District
purchased $8,092.31 certificates at
an
(P.
Township
funding
and
Due Dec.
Item No. 8
bonds offered Sept.
1184—were
Kenneth
27—v. 158, p.
sold,
although
not
Martin
of
Detroit
was
option, expiring Oct.
27, to purchase the bonds as 4s, at
a
price of 97.50, a basis of about
4.247%.
granted
an
(State of)
Michigan
Legislature Asked to Authorize
Excise
Local
"Free-Press"
from
report
Detroit
Taxes—The
Oct.
of
its
carried
8
staff
in
writer
Kalamazoo, from which
in part as follows:
a
quote
we
To
setting
also
Item
at
gain benefits of
admin¬
common
League's proposal to levy
excise taxes, which were not spe¬
cified but would be amusement
tobacco taxes, sales taxes
levies, came from the
finance officers' section meeting.
Among other proposals to gain
(
similar
new revenues for cities, David V.
Addy, Detroit budget officer, pre¬
ferred a plan to pay back to cities
a
portion of the State's general
sales tax.
proposal, which lawmak¬
studied, usually takes the
form of increasing the sales tax
to 4% and paying back to cities,
villages and townships one-fourth
of
revenue."
Bonds—D.
Oct.
on
of
the
purchase
various
Michigan
municipal
bonds aggregating
$643,000.
We
give below a description of the
respective bonds offered, names
of
the
prices paid in each instance.
tention
(all)
is
in
called
the
to
connection
indicates
that
the
At¬
fact
with
an
State
10,000
held
that
more
bonds
by the State
ment of
a
nection
with
sents
and
number of
such
To
at
issue it
similar
the
items
are
state¬
con¬
of such series
Halsey,
bonds.
Due
No. 3
Donovan, Gilbert & Co., Lan¬
sing, at 105.44.
5,000 Breitung Township (Dick¬
inson County) School District
3*4% bonds. Due Feb. 1,1945.
Item No. 4
&
Co.,
at
5,000 Dearborn Township (Wayne
County) School District No. 7,
3y4% bonds. Due Jan. 15,1945.
Item No. 5
Michigan
Corp.,
Detroit, at 100.265.
No.
Dearborn
Township
(Wayne County) School Dist-
Nov.
1957, and 4%
maturity in
1,
final
to
'
Royal Oak, Mich.
Certificates Purchased—In
nection
with
Oct.
on
11
the
of
call
for
to the
No.
General
The
7, carried
Item No. 17
Item
(*60 days)
No.
18
Miller, Kenower & Co., De¬
troit,
at 95.442.
50,000
Lincoln
Park
series
B,
3
5%
Item
No.
19
(*60 days)
certificates-of
Sattley & Co., Detroit,
Lincoln
series
C,
refunding bonds.
3
Due
No.
Sattley & Co., Detroit,
1,000 Melvindale series B, 3V2 to
5V2% refunding bonds.
Due
Dec. 1, 1966 and optional.
To H. V.
No. 21
Sattley & Co., Detroit,
Dec. 1, 1966 and optional.
Item
No.
10,000 Pontiac series A, 2V2% re¬
funding bonds. Due March 1,
1945.*
Crouse,
23
(all)
Bennett,
1
carried
Smith
report from which we
as follows:
L
a
fund
had
general
cash
a
balance
revenue
of $8,-
compared
with $2,814,642 on the same date
a year ago, John L. Meader, Dep¬
uty State Auditor, disclosed today
in
his
quarterly report on the
090,368
June
on
30
:'t
4
as
■*
State's financial affairs.
"A
600,000
increase
amount
was
story:
were
court
bonds, in
of
the
which
Supervisors,
filed
after¬
assess¬
the Board
Drain
Commis¬
sioner Earl L. Clark and Treasur¬
Charles
A
Sparks
defendants.
In
ask
from
pay
accounts
the
"Gross
funds
in
pared
spread
or
assessment
the
on
Highland Park
city seeks pay
interest floated for
No.
6
storm
Kenneth
M.
sewer
Keefe
is
and
sinking
in
bonds
and
No.
storm
3
interest
drain.
Tenders
the
are
should
"Bonds
the
will
be
ferings
days.
for
amount
sold
should
be
A
Nov.
M.
the
on
Keefe
Hazel
drain
in
Southfield and Farmington town¬
bonds
ing
Anna
compensation
S.
field
Village, Bloomfield No. 1,
Bloomfield Village No. 2, and the
Lawson drains.
Frederic B. Stev¬
Inc., seeks compensation for
ens,
bonds
of Bloomfield
sewer
firm
for
At
the
same
time
also
filed
plaintiffs
1
the
storm
ered
suits in the local court against the
several drain districts to
compel
them
and
to
the
Frederic
B.
Bloomfield
drain
Detroit
Trust
Warren
ceases on
district,
storm
sewer
damages
$9,000;
and
$159,000
district, $60,000; Ed¬
1951
and
B.
and
Anna
S.
Whitcomb
lows:
B.
and
Anna
S.
lage No. 2 storm
sewer
No.
6
storm
sewer
drain district $40,000; Kenneth M.
Keefe and Wallace D. Bradford
sewer
Royal
drain district
Sieber
against
the
No.
3
total
Hazel
D.
Hazel
drain
of
the
1955
and
interest
New
several
dam¬
subsequent interest dates
at
miums
1%
fol¬
as
1955
103
and
and
been
accrued
1/4
—
Sealed
bids will be received until
These
approved
Bond
by
of
year or
bonds
G.
G.
Attorney,
validated
in
and
on
pre¬
for
frac¬
have
Lyell,
have
the
Chancery
County.
Le¬
gality to-be approved by Chap¬
man & Cutler of
Chicago. These
Court
bonds
Hopkins, Minn.
on
interest, and
decreasing
thereof.
been
State
subject to
and
Offering
accrued
each additional full
Sept. 1, 1944.
Certificate
Hancock
fol¬
as
dated Sept.
maturing in
be'
the
at
and
1
,
of
Harrison
are
part
of
issue i of
an
$965,000, of which $35,000 remain
authorized, but unsold.
' > <
8 p.m.
Laurel, Miss.
Oct.
*
19, by Frank N. Whitney,
Village Clerk, for the purchase of
the
following certificates of in¬
Bonds Sold—It is
reported that
$50,000 2% semi-annual refund¬
ing bonds
$17,710
Roseville, Mich.
$250,000
par
or
Bank,
are
will
Chase National Bank.
York,
debtedness
district
$353,000.
Bond Sale—The
on
at
Due
1968, which
is due Sept. 25, 1968) pay¬
able at the
tion
those
1956
aggregating $19,390:
sewer
certificates.
Due
on
Dec. 1 in 1944 to 1953.
coupon
& i iemi-annual refunding of 1943, se¬
1,680 sidewalk certificates.
on
Dec.
1
in
j.
improve¬
bonds.
1
in
MINNESOTA
drain
Bradford
and
redemption
$80,000; Louis
Wallace
ages claimed is
1943,
storm
$14,000; and Kenneth M.
and
against the
$30,000.
The
Oak
All of the bonds
series
$1,000. Dated Sept. 25,
Principal and interest (May
coupon
$14,000 in 1956.
1,
harbor
3rd
1953
Due Sept.
$15,000
2s.
Due Sept.
lows:
$15,000 in
drain dis¬
$5,000; Edgar B. and Anna S.
Whitcomb against the Bloomfield
Village
drain
district
$100,000;
City of Highland Park against
1959,
Gulfport.
The bonds are
callable by lot in inverse order
of maturity on Nov. 1,
1944, at
29,000
trict
1954,
and Nov. 1, except last
coupon on
bonds
maturing in
1954.
Edgar
in
Denom.
1943.
1952.
30,000 l%s.
against the Lawson drain district
Due Nov. .1,
$23,000
Sept. 25, 1968.
on
inclusive, and $15,000 in
gar
•
$26,000
in
3l/4%
ment
Sept. 1, as fol¬
$10,000 from 1944 to
1950
drain
Due
$20,000' in J
harbor improvement
1957,
328,000
Due
storm
1
improve¬
bonds.
in
1958,
$28,000 in
1960, $29,000 in 1961, $30,000
in 1962, $31,000 in
1963, $32,000 in 1964, $33,000 in
1965,
$34,000 in 1966 and $35,000 in
1967.
'
Stranahan, Harris &
against
No.
series
cou¬
lows:
Bloomfield
Due Nov. 1,
$18,000
harbor
3rd
$27,000
Co.,
$100,000 2s.
and
offer¬
$24,000 in 1955, $25,000 in 1956
follows:
1
are:
is
.
Sale—The
No.
bonds
suits
Chicago,
$20,000 in 1948.
2%%
follows:
as
Co.,
Stevens, Inc., against
matured
These
of
3rd series bonds.
refunding bonds of 1943 of¬
fered Sept. 1—v. 158, p. 846—were
to
S.
in 1944
1945, $19,000 in 1946 and
402,000 3%
Van
O.
R:
'1949, $21,000 in 1950 and 1951
and $22,000 in 1952 and 1953.
pon
awarded
follows:
ment
date called.
Township (P.
Dyke), Mich.
Bond
Co.
Nov. 1, as follows:
Detroit, for payment.
Interest
y
of
Co, of Jackson
106,000
Inc., Toledo, on a bid of
100.02, a net interest cost of about
1.934%, for the bonds divided as
the
pay
interest.
Orleans,
Co.
1947 and
Nos. 3,
to
&
and
1, at par and accrued inter¬
certificates of indebtedness,
1939,
&
&
as
dated
several
companion
New
3rd series bonds.
two
'
drain.
No.
of
$94,000 214% harbor improvement
they
Of¬
village.
Miss.
general subscription the J
following
bonds
aggregating
$930,000:
\
Hazel
est,
$25,-
for
The certificates should be deliv¬
ask
and
highway
;: \y
Nuveen
Lewis
value
par
and interest of the Bloom-
Whitcomb
B.
State
Scharff & Jones of New
describe
for
Edgar
in¬
Charlotte;
Orleans;
Marx & Co., Watkins, Morrow &
Co., both of Birmingham; John
va¬
4, 6, 9, 11 and 13,
May 1, 1939, maturing May
1, 1949, all subject to redemption.
ships.
of
amounted
30
syndicate composed of Weil &
Jennings, District Di¬
plaintiffs rector, is calling for payment on
are
certificates
June
on
Gulf port,
Arnold
Certificate Call—It is stated that
suit for pay for bonds and in¬
Kenneth
and
Bonds Offered for Investment-^-
Troy Twp. Sch. Dist. No. S, Mich.
Louis
they
MISSISSIPPI
including
which
the
to
1943
$5,055,121.
certificates.
"
fol¬
as
fully
offered,
numbers, their
and
and
Sieber,
to
Dickson
securities
serial
Mrs.
Wallace D. Bradford
a
Royal Oak
on
sewer
while
sealed
hand in the
funds
1942. )
in
transfers
1942 totaled $7,-
220,000."
Interest refunding certificates,
$9,924.56; series A, general obli¬
gation water refunding, $5,772.72.
sewer
district to retire the unpaid bonds
and interest.
'
■
'
$11,813,223
reported
also
$98,770,284, according to Meareport,
with
$432,290,000 *
charged against, rural credit bonds
lows:
ad¬
an
with
Meader
from the fund in
..
rious
sewer
earnings receipts in 1943
to $13,432,857 as com¬
Pratt, Vil¬
receive
on
$1,-
a
similar
a
•
amounted
refunding bonds, series
The amounts
the
-
F.
while
chalked up to
der's
A, and interest refunding certifi¬
cates dated Oct. 1,
1937, due Oct.
1, 1967, until Oct. 19, at 8 p.m.
(EWT).
the
case
that
from the general fund
or
county
ditional
each
either
will
tenders of
named
are
Clerk,
lage
Walter
State's
the
bonds outstanding amount to
Invited—It
that
in
higher
receipts from gross earnings taxes
paid by railroads, telegraph and
telephone companies and insur¬
ance corporations.
and
Tenders
drop
to
Clair Shores, Mich.
Sealed
sharp
expenditures accounted for
debtedness
$3,028.88.
St.
stated
ment
Keefe
22
Ripley & Co., Inc.,
Item No.
Oct
Thursday
by holders of special
district
102.21.
To
circuit
against
49,000 Melvindale series B, 3V2 to
5%% refunding bonds,
Due
at
of
news
Southfield
(*60 days)
at 83.14.
To Harriman
for
Force
Whitcomb against Bloomfield Vil¬
20
83.14.
Item
to
$20,000;
1, 1965 and optional.
To H. V.
at
Park
B
Filed
Five mandamus suits
in
sewer
5%
<
in¬
Edgar B. and Anna S. Whitcomb
at 86.799.
Nov.
"Press"
following
in
ledo, at 94.82.
50,000 Lincoln Park series A, 3 to
5%
refunding
bonds.
Due
Nov. 1, 1965 and optional.
To
iac
terest
Braun, Bosworth & Co., To¬
Up—
Fund
Revenue
"Minnesota's
Wallace D. Bradford ask pay for
Due Sept. 1,
;
quote in part
-'
Drain Bond Payments—The Pont¬
drain.
'
To
Action
1, 1945.
1945.
,/
(State of)
Minneapolis "Journal" of OcJ:.
amounted
approving legal opinion of debtedness, it is stated by Minnie
N. Reeves, City Treasurer, that the
Oakley of Chicago.
city purchased $10,338.60 series A
Oakland County (P. O. Pontiac),
for $10,257.72 and $3,075.00 series
Southfield
16
village, is required.
Minnesota
938,780
con¬
tenders
Wood &
District
15
refunding bonds.
15,000
School
10,000 Hamtramck series BB 4%
103.10.
of
to
14, 22 and 23, by Berry &
Detroit; Item No. 3 by
Chapman, Cutler & Parker of
Chicago, and Item No. 12 will
Co., Inc.,
Michigan Corp., De¬
Item
1945.
13,
Stevens of
.
troit, at 104.705.
to
To
First
,
Due Oct.
Item
;
5,000 Belding School District No.
9, 5% bonds. Due April 15,
To
14
Aug. 1, 1945.
To First of
50,000
1945.
2
Stuart
Co., Inc.,
refunding bonds.
Due
Nov. 1, 1965 and optional.
1 */2%
8,
county
Stuart &
Ferndale
sing, at 106.32.
Halsey,
No.
Item
Donovan, Gilbert & Co., Lan¬
To
O'Brien, both of. Cin¬
cinnati, paying a premium of $380,
equal to 100.152, a net interest
cost of about 3.32%, for
bonds
bearing interest at 21/2%, to Nov.
1, 1947; interest at 3V2% there¬
jgg 1944.
for bonds and
To H. V.
Item
and Katz &
thereafter
25
A certified
payable
1942.
check for 10%.of the bid,
..
plaintiffs
13
No.
Braun, Bosworth & Co., To¬
ledo, at 105.935.
v
2,000 Grand Rapids sewage dis¬
posal
system
4y2%
bonds.
to
$51,000 Alpena high school
a
Dated Dec. 1,
r-
Kline, Lynch & Co. of Cin¬
cinnati; Barcus, Kindred & Co. of
Chicago; Nelson, Browning & Co.
To
Crouse, Bennett, Smith &
Second highest bid was the fol¬
Co., Detroit, at 103.883.
•
1,000 Wayne (Village of) water lowing offer:
improvement
and,
paving,
McDonald-Coolidge & Co.; H. V.
4%% bonds.
Due Dec. 15, Sattley & Co.; First of Michigan
er
To
101.105.
To
School
4%%;.bonds.
103.91.
Harriman, Ripley & Co., Inc.,
No.
No.
on
1967.
of
repre¬
holds, unless purchaser
Item
Union
1,
Halsey, Stuart &
10,000
item
series
days in
bonds. Due Jan. 2,
1,
sale
158, p. 1391—were
syndicate composed
of
after
Item
noon,
(all)
105.10.
To
at
Item No. 1
at
No.
Item
waives time restriction.
To
12
5,000 Ferndale 31/2% 1940 refund¬
ing bonds.
Due Nov. 1, 1945.
time, following date of
sale, during which the State will
or
1,
1945.
Court
Michigan Corp., De¬
Item
the
not offer any more
refunding
1970, and
Due March 15, 1945.
disposed
of
or
ty)
School
District
No.
4 y2 %
bonds.
Due
Feb.
(*60 days)
Dowagiac
District
that
its complete holdings of the
municipality involved; (*) indi¬
maturity of the issue
Detroit, at 104.027.
Mich.
To First of
of
cates
1,
B-5,
troit, at 105.405.
bidders and the
successful
Oct.
S643,000
Awards
for
11
series
4V2%
to
Item No.
•
Hale
Drake,
State
received sealed bids
Treasurer,
Detroit
Miller, Kenower & Co., De¬
troit, at 39.76.
24,000 East Detroit series B-6,
IV4 to 4V2% refunding bonds.
Due Oct. 1, 1970 and optional.
3%
Sinking Fund
,
Co., New York,
To
have
the
(*60 days)
Item No. 11
"This
ers
&
1,000
Ypsilanti
and
Augusta
Townships (Washtenaw Coun¬
optional.
taxes,
or
East
bonds. Due
in
istration.
"The
Smith
awarded to
for
offered
carry
a
which cities could participate and
10
39.20.
19,000
iy4%;
for
asked
1, 1970 and optional.
No;
To Lebenthal &
the framework of
up
Bennett,
bonds
30—v.
.
Due Oct.
pension administration plan
a
Co.
Crouse,
15, 1945.
24
2
Sept.
Corp.; Crouse, Bennett, Smith &
Legal Opinions—The bonds of Co., and William C. Roney & Co.,
the various items carry
approving jointly—
opinions, as follows: Items Nos. 1, For $250,000, 3s, to Nov. 1,
2, 4, 6, 9, 10, 11; 16 through 21 in¬
1945; 2&s, thereafter to
Nov. 1, 1947; 3%s thereclusive, and 24 and 25, by Miller,
Item No. 9 (*60 days)
^
after to Nov. 1, 1956, and :
Canfield, Paddock & Stone of De¬
To Miller, Kenower & Co., De¬
troit; Items Nos. 7 and 15, by
3%s, thereafter to ma¬
troit, at 40.50.
turity
-J——100.047
15,000 East Detroit series B-3, Thomson, Wood & Hoffman of
New
York
City; Items Nos. 5,
iy4 to 4j/2% refunding bonds.
McDonald, Moore & Co., all of De¬
troit, at 58.645.
40,000 East Detroit series A 1*4%
to 41/2% refunding bonds. Due
Oct. 1, 1970, and optional.
coming post-war services.
League
Michigan
Oct.
No.
ries
.
Michigan
Municipal
League
asked
the
Legislature
Thursday to grant authority to
impose excise taxes to finance
"The
(*60 clays)
Of
First
Corp.,
Crouse, Benneth, Smith & Co.,
William
C.
Roney
&
Co.
and
"The
law
To
J
15, 1944.
Due
Item
149,000 Detroit public school ser¬
ies A 4V2% refunding bonds.
$300,000
supply system re¬
extension -revenue
water
7
No.
of
bonds.
Michigan Corp., De¬
troit, at 104.698.
Granted—The
coupon
To First of
and
McDonald, Moore & Co.,
Detroit, at 104.323.
10,000
Troy
Township
(Oak¬
land County) 3V2% refunding
6
3% bonds. Due April 1, 1945.
Item
ington), Mich.
Option
Co.
both
Crouse, Bennett, Smith & Co.
and McDonald, Moore & Co., both
of Detroit, at 102.48.
5,000 Dearborn Township (Wayne
County) School District No. 8,
Farm-
O.
Due
To
price of 98.239.
average
Livonia
bonds.
Item No.
for tenders
call
the
Oct. 7 of certificates of indebt¬
on
rict No.
7, 1%
April 1, 1945.
con¬
Monday, October 18, 1943
1944 to
Due
1948.
were purchased
recently
by Lewis & Co. of Jackson. Dated
Oct, 1, 1943. Legal approval
by
Charles
&
Trauernicht
of
St.
Louis.
•
^
Volume
Number
158
THE COMMERCIAL & FINANCIAL CHRONICLE
4221
!
Mississippi (State
r
Planned
of)
Post-War
Highway
telligent return than when depu¬
ties made the taxpayer stop his
Construction—The State Highway
work
Commission set up recently plans
while the
for
three-year
a
struction
entail
outlay
be
highway con¬
which would
of- about $75,-
three-fourths of the cost
by the Federal Gov¬
000,000,
to
program
an.
borne
'
ernment.
Post-war
is contingent
enactment of
program
gressional
to
provide the 25%
It
of
the
Con¬
on
pending
State legislative action
and
bills
inauguration
State
funds.
suggested the latter might
be provided through refunding of
was
outstanding highway bonds issued
for
the
$100,000,000
launched
under
Governor
issuance of full
faith and credit obligations.
or
make
the
deputies
field
all
turn made
and
surveys
financed
be
detailed
jointly
State
the
program
shape that when
arrives
for
which
that
the
end
is
the day
all look—-
we
of
the
war—we
will be
ready to begin letting con¬
for highway construction,"
tracts
said Commission Chairman
Tax
Montana
Rise—A
special
dispatch from Jackson to the New
Orleans "Times Picayune" of Oct.
had the
2
following to report:
Mississippi's depression
born
Refunding
(State of)
Bonds
Approved—
place
4
a
used
the
approved
issuance
refunding bonds to re¬
$4,500,000 issue of 1933
to
cash
outstanding general
fund
warrants.
Approximately
$2,401,000 of the old issue remains
outstanding.
State officials esti¬
mated $50,000 to $60,000 annually
will be saved by the
refunding
issue, to be sold Jan. 1, 1944.The
issue
new
authorized
was
Board
by the
Montana
of
Examiners, CapiHelena, Sam. W.
Mitchell, Secretary of State and
Secretary State Board of Examin¬
ers; W. L. Fitzsimmons, Clerk.
tolf: Building,
-
NEBRASKA
2% statewide sales tax in Septem¬
ber
yielded $1,017,733.48 as com¬
pared
with $974,140.92
for
the
corresponding month a year ago,
according to the tabulation of the
state
tax
commission
this
after¬
noon.
Total
,
collections
by
commission, which
of
70%
the
Mississippi's
amounted
to
as
$38,000
2%
bonds
NEW
•I
income
tember
tax
as
first
the
for Sep¬
continued to show
Collections
crease.
$1,436,744
as
in¬
an
amounted
to
compared with $953,-
Assessment
Money—The city's
ipailing
System
new
Saves
system of
blanks,
substituted recently for house-tohouse canvassing, has reduced as¬
sessment
28%
expense
total
and
valuation
in¬
17%, the
National Association of Assessing
Officers reports.
Instead
of
using 300 to 350
deputies, most of whom
inexperienced, to make per¬
sonal
ing
calls,
a
system
plates
mechanical address¬
installed
was
were
,•
and
made
for
personal,
merchants
and
manufacturers,
other tax rolls.
in
ex¬
field
tra
were
Blanks
were
run
duplicate, the original mailed
the taxpayer along with a self-
to
addressed
velope.
/:■
stamped
■
returns,
return
,
Duplicates
Assessor's
were
filed
in
office, and when signed
received, duplicates
inserted.
date
for
When
returns
,
the
had
statements
estimated
-
re¬
closing
expired,
duplicates left in the file
sented
the
were
turns
be
en¬
-rcr.v
..
pulled out and original
were
which
repre¬
i
had
to
city mailed out 176,021 re¬
received 90,923 signed
statements or 52%.
Only 45,591
estimates, 26%, had to be. made by
deputies as 39,507 returns - were
sent
and
to
moved
persons
for
in
came
two
of
ways,
died
or
the Association
Either the taxpayer has be¬
"tax conscious"
is
Dir¬
Finance,
sealed
tend¬
(EWT),
noon
Newark
Banking
bonds
It
—
Bader,
and
9, at
and
Es¬
Co.,
Newark,
of
City now out¬
Atlantic
standing, of the following author¬
7
accrued
The
chase
of
interest.
to
sum
the
$545,204.10.
made
be used in the pur¬
refunding
Tenders
bonds
is
must
be
in sealed envelopes for
the
refunding bonds and each tender
must specify the serial number of
the bonds
tendered.
so
bonds bid for.
right,
any or
000
and
least
of
this
ately to the purchase of refunding
prices
that
a
the
at
submitted.
In
lowest
the
event
greater amount of bonds is
tendered
can
be
cable
at the same price than
purchased with the appli¬
moneys, (after
all
bonds
tendered
at
shall ;have
any
of
purchased
at
th§
of $200,therefor the
sum
accept
of
or
when he
received his return by mail he had
time to sit down and give it
ample
study. :-The assessing office was
able to get a better and more in¬
cated
the
system and has
per¬
the
Legislature to take
appointive and adminis¬
which interefere
vast
over
"notoriously compli¬
court
powers
with. proper
performance
legislative duties."
Other
of
its
stressed
weaknesses
by
Everson dealt with curtailment of
the
Governor's
since
powers,
his
bare legislative ma¬
jority, lack of an effective method
such
of
bidders
offer
to
amount
least
same
of
the
accept
bonds, the
proposal of the bidder offering to
therefor the highest addition¬
al
price will be accepted.
The
pay
price for which the bonds may be
sold
cannot
exceed
$201,000.
Principal and interest payable at
the Peoples Trust Co. of
Bergen
County, Hackensack.
Bidders, in
submitting their bids, must use
the bidding forms which will be
furnished by the
City Clerk
upon
In addition to the price
request.
bid, the purchaser must pay ac¬
crued interest from the date of the
the
the
to
date of
purchasing
of
payment
price.
The
pur¬
opinion
of
burn of
Reed, Hoyt & Wash¬
New York, that the bonds
valid
are
and binding obligations
City.
The enactment at
time prior to the delivery of
bonds, of Federal legislation
the
in
terms, by the repeal or
omission of exemptions or other¬
wise, subjects to a Federal in¬
tax the interest
come
class
a
cludes
these
election
of
bonds of
on
character
or
which
in¬
bonds,
will, at the
purchaser, relieve
the
the purchaser from his
obligations
under the terms of the contract
of
sale
to
the
and
entitle the
return
posited with
of
the
the
purchaser
amount
bid.
de¬
Enclose
a
certified check for $4,000, payable
to the City.
Monmouth
have
Beach, N. J.
considered
Oct.
on
4
measure
a
by
refunding
bonds and directed that the ordi¬
be referred to the Commis¬
and
Foes
other
Constitutional
defects
Veterans'
ned—Creation of
fifnd
aid
to
advance
to
when
service
Refer¬
Veterans'
Commission,
named by the 1943 State Legis¬
lature to study aid
to veterans
after the
Fifty
war.
million
mentioned
for
such
how
from
a
dollars
fund.
might
be
State
the New Jersey
Committee for Constitutional Re¬
vision, A.
R. Everson, Executive
Vice-President of the State Tax¬
Association, today charged
entrenched
has
political
are
making every effort to
"hamstring" the referendum at the
said
price
as
in
If
be
such
gverson
for
any
city
tenderer
shall
the bonds tend¬
appeal
"yes" vote
on
the referen¬
to
independent
voters
local
his
especially
a
the director, dum
accepted
addressed
as
and
a-
step
toward
giving
State governments bet¬
ter
raised
bond
city.*
Each tender
shall state the price
asked, which
price shall be understood to be
cliques."
the
mind," said Everson, "some of the
the
asked
for
such
bonds.
to
mean
"The
"their
exceed
$26,000.
The
to the date of
cessful
with
&
delivery.
bidder
the
Washburn
the
will
opinion
bonds
New
of
valid
are
The
be
oi
suc¬
furnished
Reed, Ho.vt
York, that
and
binding
obligations of the City and that
the City
is authorized and re¬
quired by law to levwon all tax¬
able property of the City such ad
taxes as may be neces¬
valorem
sary to pay the bonds and the in¬
terest thereon without limitation
to
as
rate
actment
amount.
or
at
The
en¬
time prior to the
any
delivery of the bonds, of Federal
legislation which in terms, by the
repeal or omission of exemptions
otherwise, subjects to
eral
income
bonds
of
tax
which
the
class
a
Fed¬
a
interest
on
character
or
includes these bonds, will,
election of the
purchaser,
the
relieve
the purchaser
from his
obligations under the terms of the
contract
of
purchaser
amount
sale
and
the
to
deposited
Enclose
with
the
of
the
the
bid.
check
certified
a-
•
entitle
return
for
$500, payable to the City.
Sea Isle
Bond
Retirement
The State
said
to
Approved—
Funding Commission is
have approved a
retire
■
City, N. J.
proposal
$20,000 Borough bonds.
NEW YORK
form
of
and salary
wage
ment.
assess¬
$1,000,000 War Bonds Purchased
'
,
Establishment
proposed
was
of
such
fund
a
by
Assemblyman
member of the legislative
Keim,
commission,
he
and
with
at
recent
a
directed
was
representatives
organizations.
subsequent
of
The
meeting
to
confer
veterans'
latter
meeting,
at
October
a
4,
agreed the idea possessed consid¬
erable
merit
but
made
it
cussion
and
Keim
such
formal
said
action.
Mr.
legislation
proposing
most
than
concerned
Assemblyman
that
over
Keim
the
combat branches would
be
an
prob¬
outlay of $50,000,he asserted,
money,
better
curity fund.
utilized
as
a
Loans for the
or
means
of aid.
without
would
be
stated
se¬
com¬
the launch¬
ing of new business ventures
as
were
The loans
interest
period
for
a
of years.
Then, ii
not repaid, interest would start.
Bond
Offering—It
is stated
b>
bids until Oct.
bonds.
19, at 4
m.,
for
$25,000 coupon or
municipal' building
Interest rate is not to
6%, payable
ceed
p.
M-N.
ex¬
Denom.
Dated Nov. 1, 1943.
Due
on
Nov. 1 as follows:
$2,000 in
1944 to 1954, and $3,000 in 1955.
$1,000.
of
invited
are
interest
to
name
which
the
the
bonds
of
This
information
in
Comptroller
M.
Davis'
"News
Letter"
School
District
dated Oct. 1.
De
Witt
Common
No.
Bond
school
Oct.
on
$18,000
bonds
8—v.
awarded
were
Y.
9, N.
Sale—The
annual
to
IV2S, paying
158,
1943.
investor
price of 100.055,
a
Due
for
1392—
p.
local
a
semi¬
offered
basis of about 1.49%.
1,
Dated Oct.
Oct.
on
in
1
to 1964 inclusive.
1944
_
Second best bid
was
of^er by
an
Newburger, Loeb & Co., of 100.41
for
1.60s.
Mamaroneck (P. O. Mamaroneck),
N.
Y.
Certificate Sale—It is stated by
Owen A. Mandeville, Town Su¬
pervisor, that $130,000 certificates
of indebtedness
Oct.
11
to
were
awarded
on
the
County Trust Co.
White Plains, at 0.59%, plus a
of
premium of $1.00.
1943.
Due
ond
best
Dated Oct. 15,
July 1, 1944.
on
bid
was
entered
New
War
York
Sec¬
offer
an
by the
tional Bank, Boston.
C.
Bianchi, Director of the
Department of Revenue and Fi¬
nance, trat he will receive sealed
out
Sinking Fund of
Comptroller of the City
reported
Frank
bonds
war
Bond
custodian.
0.79%,
Orange, N. J.
Ovid
1951-53
was
out
each to
New Jersey residents in the vari¬
ous
is
a
job
pointed
bonus of $100
a
city has purchased $1,000,-
of
Water
which the
men
a
bonus when hostilities end,
a
its
as
Having found most service
are
000
sale
fund would be drafted for
a
—The
plain
they were not binding their or¬
ganizations pending further dis¬
should
the order of the city, for 1% of the
that the present
to the polls.
face amount of the bonds tender¬
tains
ed for
the various
many
on
snug,-
political
same
revision
bear
as
in
he goes
He should remember
constitution
con¬
for all
of the bonds.
of
First Na¬
(State
of)
Contracts Called Relative¬
ly Small—The State has lost
heavily
in
position
than
the Union
its
relative
other
any
more
economic
state
in
result of the work¬
as a
ings of the war economy, accord¬
ing to the National Industrial
Conference Board.
New York
re¬
ceived
slightly less than 10% of
prime contracts placed be¬
all
tween
this
June,
1940,
and
year
and
less
June
than
government-financed
money
at.
the
Orange
National Bank, Orange.
First
No pro¬
7%
of
of
plants.
war
state's proportion
population
changed,
farm
but
income
Non-farm
proposal received by the Director
from 13.5%
of Finance.
If two
or
more
pro¬
posals
branches
rate, the bonds will be sold to the
Gov¬
ian
posals will be considered naming
a rate higher than the lowest rate
named in any legally acceptable
features that prevent
of the
The
Prin¬
cipal and interest payable in law¬
ful
voter
salient facts
.
cannot
must pay accrued in¬
terest from the date of the bonds
,
Each tender must be
accompanied
with a certified check drawn to
purchase.
sold
purchaser
to
an
accept
al
price will be accepted.
The
price for which the bonds may be
range
are
aware
of
the
bonds, the
proposal of the bidder offering to
pay therefor the highest addition¬
to
issue
against reV
are to bear in a multiple of V\ or
highly vocal, astute and
and must be the
of what a change would one-tenth of 1%
vision
to
Buffalo, N. Y.
rate
specified in the notice of accept¬
ance, the certified check accom¬
panying such tender shall be for¬
offer
amount
least
a boost in the unemployment
compensation levy or some other
Bidders
forces
bidders
same
rate,
is
the
such
increase in the State gasoline tax
opportunity
to
protect
the
rights of all citizens.
He said it
evident
accepted
been
possible figure
Suggestions on
one
as
a
it
bonds, the bonds
being those first
maturing, and if two or more of
be
women
they return to civilian life,
lowing report:
Speaking for
—
keenly
Plan¬
instead of voting a bonus, is being
considered
by the. New Jersey
State
least amount of
to
at
and
men
cited
forces
Aid
State security
loans and other
pletion of education
that
vital
offering to pay the sum of
$25,000, and to accept therefor the
a
Assailed
The
Newark
"News" of Oct. 13 carried the fol¬
payer
of
bidder
or
Post-War
could
Jersey (State of)
of
endum
over¬
importance.
ably entail
which
sioner of Local Government,
New
be
can
a
making changes in the organic
law
an
ordinance calling for the issuance
of
$325,000
general
nance
of
ridden
introduction Nevember 15.
W Bond Ordinance Pending—The
State Funding Commission is said
to
veto
registered
shall
the date and at the place
price
of
bonds, the bonds
accepted being those first
maturing, and if two or more of
be
to
•
price
and order
to
tion
said
tender .be
on
Everson charged the old consti¬
has prevented reorganiza¬
tution
the purchase of
fail to surrender
ered
nation.
prices, if any,; November election which would
purchased) then pave the way for adoption of a
refunding bonds so new constitution.
of revenue and finance of the
whose
proposals
lower
tendered. at
manner
more
been
the
-
or
pay
to
amount
right to
much of the applicable
moneys as the acceptable tenders
permit shall be applied immedi¬
tendered
nam¬
the lowest interest rate, the
will be sold to the bidder
offering to
all tenders.
exercise
as
bonds
No
the
capita cost in the
per
000,
The city shall have the
accept or reject
Subject to the
to bear
trative
-
refunding
maturing Jan. 1, 1973, at not
exceeding a price of par value
and
are
feited
who had
from the city.
Increased valuation is accounted
said.
Nov.
National
shall-prescribe.
by field deputies.
The
turns
sex
S.
receive
highest in
rate named in any legally
accept¬
able proposal received by the
City
and
out, assessment
creased
until
the
at
Daniel
Revenue
will
the government of this State
in¬
mitted
a
which
N. J.
making
rate higher than the lowest
of
bonds
bearing interest payable semi-an¬
nually and all dated July 1, 1936,
Kansas City, Mo.
New
by
of.
that he
$25,651,000
MISSOURI
{
the
depart¬
are
rate
proposals will be considered
the
ized issues:
'797./;/.;!;?/^
of
administrative
of
the
multiple of lk or one-tenth
1%, such rate to be the same
any
Sealed Tenders Invited
ers
yield
City,
com¬
nine months of 1942.
The
by
JERSEY
Atlantic
ector
for
refunding
been
costly systems of government
country, composed of 100
the
ments, boards and commissions.
He said it promotes
extravagance,
waste
and
inefficiency,
a
all
development
complicated
Bidders
1959.
name
chaser will be furnished with the
reported that
tax
$22,473,582
$18,687,774
O.
purchased
Greenway & Co. of Omaha.
1
against
(P.
Neb.
is
semi-ann.
have
stated
to
District
Wayne),
pared with $2,510,534. Collections
by the commission since January
amounted'
School
Bonds Sold—It
revenue,
$3,042,765
to
terest which the bonds
bonds
Wayne
some'
collects
1950 to
bonds
The Montana Board of Examiners
State
Revenues
in
000
invited
name
Sidney ,past legislative session.
Tv Roebuck.
Due
Council. If two
MONTANA
Oct.
our
the
valuation, backed by information
State
such
1943.
in
obtained by personal inspection.
of
*"We want to have
6%, payable M-S.
$1,000.
Dated Sept. 1,
on Sept.
1 as follows:
$10,000 in 1945 to 1949, and $15,Denom.
of
increases
and
separate
exceed
their
Everson said the present consti¬
not
to
performing
efficiently."
tution has permitted
of one of the most
in
If he
board
from
intended duties
coupon or registered general
refunding bonds. Interest rate is
ing
and
on
in
000
tion
able in Federal funds
struction program.
25, by Ethel M. Hoyt, City
Clerk, for the purchase of $200,-
return, it is ac¬
fair
a
ernment
Oct.
on
used in
the
year
for
and Federal funds. There is avail¬
$920,000,; to
be matched with State funds, for
preparation of the post-war con¬
during
Hackensack, N. J.
Bond Offering—Sealed bids will
be received until 8 p. m.
(EWT),
cepted; if not, the discrepancy is
reported to the board of equaliza¬
plans,
by
are
by the taxpayer.
has made
mediate preparation of the neces¬
to
return
checking merchants' stocks and
fixtures, manufacturers' machin¬
ery and equipment,
hotels, fur¬
nished apartments, etc.
Informa-,
tion found by regular deputies is
recorded on cards in the city's
files, and during the assessing pe¬
riod this is compared with the re¬
The Commission authorized im¬
sary
the
out
deputy waited.
Regular
program
former
Hugh L. White,
and
1583
name
the
lowest
14.7%
of
in
retail
to
share
fell
from
the
un¬
non-
16.8%
to
shows,
dropped
to 12.2; while volume
sales
11.
of
study
employment
interest
13.3%
its
1942,
of civil¬
has remained
was
reduced' from
THE COMMERCIAL & FINANCIAL CHRONICLE
1584
Cincinnati, Ohio
Rochester, N. Y.
City
Tax
Values Rise—-The
Rochester "Times Union" of Oct.
will
taxes
has
1944
the
in
Property
which
against
city
assessed
be
increased
been
in
about
$5,000,000, it was learned today.
real
includes
This
special
and
estate
the
valuations,
franchise
total of which has been increased
from around $530,000,000
to $535,-
000,000, it was reported in the of¬
fice of assessment and taxation.
which have been
turned over to City Clerk Thomas
P. O'Leary for submission to the
City Council, will be the subject
of
public hearing in the Council
at its last meeting this
month, after which the rolls will
a
chamber
confirmed.
be
special
has
The
franchise
valuation
of
alone
property
been increased about
following article
the Cincinnati "En¬
$2,000,-
000.
of
the
Bond
Joint
Im¬
Dan
The bureau's memorandum pro¬
a guide for projecting bondfinancing improvements over a
10-year period on the basis of
debt service charges of 4.05 mills
Issuance
for
Cincinnati,
that
amounts
the
total
be serviced
may
tax
rates
raised
are
the maximum legal
if
that
to
Oct.
4
the issuance of
$10,000 street construction bonds.
10
approved
Craven County (P. O. New Bern),
N. C. '
Bonds Tendered—Jane
Holland,
i Clerk
of the Board of County
'Commissioners, reports that at
the call for tenders
Oct.
on
11
of
refunding bonds, dated July 1;
1936, a total of $40,000 bonds was
offered at prices ranging from 95
to par.
Bond
Call
Treasurer
Town
—
George
that
an¬
to
Dec.
1, 1948, numbered 1 and 3,
bearing interest at 5Vi, and 14, 18
and 22, bearing interest at *6%,
presented at
the Chemical Bank & Trust Co.,
New York, with June 1, 1944 and
all subsequent coupons attached.
cease
from and after
Dec. 1, 1943.
service
is
20
mills
4.05
Cincinnati
in
could
be
centage
school
could
district
posing
The
of
Savings Bank, Chicago, and ParkShaughnessy & Co. of St. Paul,
jointly, as Is, at a price of 100.115,
debt
a
basis
of
ported
in
about
0.979%,
158,
v.
also bid for
as
numbers, smaller centers will have
the
Inc.,
Co.
S.
R.
and
Jackson
&
Dickson
Paine,
&
sue
ket
Dakota
■
•
The
tax
to service such
a
rate
debt
County (P. O. Springfield),
Bond
Sale—The
Inc.
Bank——
awarded to
0.95%.
$2,000
on
$3,000
Oct.
For
April 1 and
on
1, in 1945 to 1950
were
1%
Braun, Bosworth & Co._
Stranahan,
Township
best
A.
bid
White
was
&
en¬
Co.
of
:
:
Fire
100.46
bonds,
liquidated by rentals, for the
a modern sewage dis¬
posal plant and sanitary system,
in
accordance with the stipula¬
to be
erection of
of
tions of the State.
It
Bond
Issuance
der
of
Pending—It
is
the issuance of
about $18,000 in bonds with which
for
back
pay
1932 and 1933.
ex¬
Dated Oct.
April
1
due
100.26
for
in
the
districts, without de¬
hereafter
or
to the
the
levied
or
as¬
purchaser only if and after
proceedings
issue have
and
authorizing the
approved by the
been
Department
their tenders have been
the
purchased.
the
pursue
accepted
bonds mentioned
There
Bonds
therein
drawn
by
lot
funds
on
of
Internal
Affairs
subject to the favorable opin¬
of Saul, Ewing,
Remick &
Harrison
be
of
furnished
stated that the sale of the
not
to
exceed
3%
$58,000
semi-annual
Borough bonds, described in de¬
our issue of Oct. 11—v.
158,
p. 1484—has been postponed from
tail in
same course.
available
are
hand
and
in
city to
the
pay
due Nov. 6, 1943, and also to
the
outstanding
bought
by
tender
being
drawn by
or
lot," the said interest
to
coupons due
1943, should be attached
optional refunding bonds,
6,
the
with all unmatured interest
and delivered
pons,
the trust
cou¬
mailed
or
to
department of the First
National Bank & Trust
Co., Okla¬
City, and remittance will be
Tp. Sch.
Dist.
(P.
O.
is
stated
of
by
the
the
Clerk
Education
effect
that
of
to
re¬
a
$240,000
is¬
the
voters
at
the
158,
p.
1393—was
Other Bids—The $120,000 sewer
bonds awarded Sept. 29 to Singer,
0.581%,
reported
in
1394—were also bid for
158, p.
as
will
be
asked
to
pass
the is¬
of $30,000 street improve¬
ment bonds.
1
suance
IV2S,' submitted by
as
follows:
Co., Pittsburgh,
For s/4s
100.096
Stroud &
Co., and
Schmidt, Poole & Co.,
jointly,
the
2%.
The bonds will be dated Dec.
1, 1943.
for* all of the bonds.
Is
_w._101.163
______
Ripley & Co., Inc.,
Is
_____101.077
Harris Trust & Savings
Village Sch. Dist. (P. O.
Sealed
Tenders
Invited—It
100.28
municipality, which
by deducting
from
the
terest
total amount of the in¬
be paid on account of
to
during the life there¬
of, the amount of premium of¬
fered, if any, over and above the
amount
or
Hutzler,
100.10
Freeman & Co.,
H. Johnson &
________
the
to
a
interest
bonds
of a class or character
includes these bonds,
will,
the election of the
purchaser,
relieve the purchaser from his ob¬
ligations undqr the terms
of
sale
to
and
the
of
the
entitle
the
return
of
the
deposited with the bid.
subject to the favorable
opinion
of Townsend, Elliott &
Munson, of Philadelphia, and will
be delivered to the
purchaser
and after the
proceedings
thorizing
have
r
the
been
issuance
approved
close
certified
a
only
au¬
thereof
by the De¬
_'___.100.719 partment of Internal
Affairs.
check
for
En¬
2%;
payable to the District Treasurer,
Co.,
___100.56
Hemphill, Noyes & Co., and
Tucker, Anthony & Co.,
jointly,
For Is
tax
if
__.100.73 4
_____
The
which
purchaser
For %s
______
issue.
otherwise, subjects
income
amount
___._100.859
_
the
the repeal or omission of
exemp¬
tions
Issued
Halsey, Stuart & Co.,
of
enactment, at any time prior to
the delivery of the
bonds, of Fed¬
eral legislation which in
terms, by
100.231
For Is
For Is
com¬
shall be determined
contract
Co., Inc.,
Is
For Is
bidder
having
to
100.935
Sons,
Salomon Bros. &
M. M.
responsible
at
Is
E. H. Rollins &
For
■
take the whole amount
of the issue at the lowest interest
cost to the
on
100.389
—
East Lansdowne
is
same
Due Dec. 1-
plied with the conditions of sale,
offers
Federal
Bank, Chicago,
For %s
Blair &
highest
100.217
Meadville, Pa.
Bonds
Council
proval
School District
(P. O. East Lansdowne), Pa.
Authorized
on
Oct.
2
—
The
City
gave
final ap¬
to an ordinance
authoriz¬
ing the city to issue $34,000 %%
coupon
Sapulpa, Okla.
Bidder to specify rate of
interest, which must be the
face
Allentown National Bank,
For Is
____.100.057
OKLAHOMA
of
following rates:
0.50%,
0!75%, 1%,'li/4%, i%%, i3/4% or
such bonds
Union Trust
R.
on
v.
v
For Is __.__________-__-100.646
Tiffin, Ohio
bids
as to principal
only, refund¬
ing bonds, to bear interest at one
shall, be the one who
Graham, Parsons & Co.,
erroneous.
sealed
able
The
Allentown, Pa.
of construction bonds will be
by
receive
upon school districts of this class.
issue of Oct. 4
our
that
will
taxing limitations, imposed by law
Dec. 6, 1943.
PENNSYLVANIA
the
the
rectors,
until 5 p.m. on Nov. 4 for the
pur¬
chase of $198,000 coupon, register-
as
follows: $19,000 in 1944 and
to the said holder for the
1946 to
interest coupons due Nov. 6, 1943, ,1945 and $20,000--from
1953 inch
Interest J-D.
the face amount of the bonds and
Payable
from ad valorem: taxes within the
accrued interest on the said bonds
For y8s
Not Scheduled—
Erie School District, Pa.
Bond
made
general election in November—v.
1, 1943.
Oct.
bonds
Pohl & Co.
Mariemont
within
Philadelphia, which
the purchaser.
Co., Oklahoma City, Enclose
a
certified
check
for
and
all
bondholders
submitting $1,200, payable to the District
tenders shall agree in their tender Treasurer.
to ship the bonds tendered to said
Ellwood City, Pa.
place of payment on or before
Bond
Sale
Dec. 6, 1943, upon being notified
Postponed — It
is
Harriman
Bond Election—At the general
Cincinnati, as 114s, pay¬
price of 100.06, a basis of election in November the voters
on
levied
Bank & Trust
For
un¬
to meet judgments secured by city
employees
For
Authorized—City Coun¬
considered
Oct. 8—v. 158, p. 1393
awarded to J. A. White
$500
Dec. 6, 1943.
on
about
Second highest bid was an offer
City Council has
consideration
Due
now
will
on
1.24%.
thereon
in¬
& Co. of
a
upon school
department of the First National
For
port given in
in 1945 to 1954 inclusive.
Chillicothe, Ohio
said that the
bonds.
Bond Election
Bond
Sale—The
$10,000
gas
plant improvement bonds offered
ing
taxes
duction for any taxes, except gift,
succession
or
inheritance
taxes,
ion
Springfield), Ohio
issue
to
about
by
considered
The place of payment of bonds
For
Board
—were
Ohio
Springfield
$12,000 fire station and apparatus
bonds will be considered by the
voters at the November
general
for sale
valorem
taxing limitations placed by law
with respect to which tenders have
been accepted will be the trust
Protection
An
—
drawn
so
be
interest
—_
Hillsboro, Ohio
Village
and
stopped
bonds
forthwith
providing for an issue of
$250,000 2Vz % airport construc¬
tion bonds, to mature $10,000 an¬ Glore, Forgan & Co.,
For %s
nually on Sept. 1 from 1945 to1
Newburger & Hano,
1969 incl.
Ohio
Election
Cedarville, Ohio
Bonds Authorized—The
Said
shall
called
nance
100.55
sue
Council is said to have authorized
the issuance of $25,000 in
tioned.
de¬
cil has recently approved an ordi¬
District (P. O. Washingtonville),
Bond
aforesaid outstand¬
Lansdowne, Lansdowne, from adi
optional
refunding
bonds. sessed under any present or future
Such call
by lot shall be at a law of the Commonwealth. The
public meeting hereinbefore men¬ bonds will be sold and delivered
case.
Bonds
114% Bonds
Harris & Co.,
Ryan, Sutherland & Co
issues
new
Springfield, Ohio
100.08
__
Green
each
& Mayer___^_ 100.05
.Inc.
of
strong underlying
due
1945-54
as
IV4S
at
100.77, with very close bidding in
100.03
______
sales
bonds
follows:
as
Bonds
V/ic/c
Seasongood
the
cipal only. Principal and interest
payable at the National Bank of
ing
Deane & Schribner of Pittsburgh,
on a bid of 102.26 for Is, a basis of
the sale on Tuesday of
$100,000 Toledo bonds due 194562 as IV2S, and on Monday
by
Steubenville,
Ohio
of
$106,000
election.
second
for 20 Ohio bonds
1.40%
as
against
ample
100.11
inclusive.
is
the
for
mand
100.17
Charles N. Sut¬
all
terest
homa
compared with 1.60%.
as
dicate
1,
Ohio Co. of Columbus
Due $500 on Oct. 1 in 1945 to 1950
by J.
Cincinnati.
Nov.
J. A. White & Co.
Attica, according to the
Village Clerk. Dated Oct. 1, 1943.
tered
a
Dated
Is,
basis
100.33
of
The
yield
week
Recent
of Springfield, as
price of 100.22,
a
Due
For
ton
follows:
1.59%
Oct. 7—v. 158, p. 1393
awarded to the First Na¬
about
bonds ten¬
as
on
100.11
Attica, Ohio
re¬
for sale
Bank
consid¬
be
no
interest, then the Board of Com¬
missioners and City Treasurer will
call by lot at par and accrued in¬
1.41% last week. The current yield
for 10 high grade bonds is 1.21%
semi¬
1%
Bond Sale—The $3,000 real es¬
tate purchase bonds offered for
sale on Oct. 8—v. 158, p. 1393—
Cincinnati,
annual reassessment bonds offered
Other bids
OHIO
were
$30,000
of
Co.
compared with 1.22% last week,
and
for
10
lower grade bonds
100.113
Bank,
Con¬
Ohio
The
V/i%
National
Fargo
Fargo National
Trend
continued
year,
one
Ohio
/
1%
Market
of the weekly municipal mar¬
bulletin put
out by J. A.
The
than
more
&
Webber,
acute
an
municipal
market
quite firm during the
past week and our index of prices
again resumes its upward trend.
issue
found.
will
are
dered at less than par and accrued
Nov.
Municipal
inclusive.
Curtis—--,
Halsey, Stuart & Co.,
Rate Bid
Co.,
in
also.
tinues Firm—The October 6th is¬
the
use
difficulty
same
form
subdivisions
$75,000,000 of bonds in
of
If there
and
Offering —C. A. Sapper,
Secretary of Board of School Di¬
as
bureau
interest
accrued
No ten¬
than par
more
injg
ported
to
at
The
to prin¬
as
pqy the accrued interest on said
bonds to Dec. 6, 1943.
Upon all
&
paying
ders made
than 3lk%.
more
registerable
are
Oct. 28 to Nov. 4.
White
tional
aforesaid bonds tendered.
1% and not
bonds
sinking fund of the
all interest coupons on
thje optional refunding bonds com-
maximum tax allowed by law, it
would be possible for the three
1943.
Int. Rate
Ripley
re¬
follows:
Bidder
Harriman
as
1393—were
p.
asserts
recognition is given the fact
large cities will have the
problem of employing the greatest
service
Should it be decided to
—were
bonds in the principal
$607,800 there comes avail¬
able the sum of $607,800. The said
funds will be used to purchase the
of
sum
1971.
Interest payable semi-an¬
nually May and Nov. 1, at a rate
to be named by the bidder in any
multiple of lk of 1%, not less than
that the
im¬
would provide for improvements
costing $85,541,588 in the 10-year
period.
$300,000 air¬
port improvement bonds awarded
Sept. 29 to the Harris Trust &
Mr. Taber
Foundation
proportionate share in solving the
unemployment problem following
the war.
Therefore, Mr. Taber
said, the Foundation feels that
carry
1
•
—
Ohio
that every community, no matter
how large or small, will have a
un¬
half-mill allotment to each of the
Clark
refunding
and
this
Other Bids
per¬
15% of the vot¬
defeat progress,
The
If it is determined that more
major improvements are required,
the study shows that an additional
the
result of the recent sale of
a
since
$9,532,462
for
That
that any group op¬
bond issue has only to
said.
25-year bonds on
the present basis, and the county
subdivisions
"no."
vote
means
a
to
ers
of
finance
fact that the his¬
muster less than
dertaken.
$13,566,786
the
on
matically
would be 26.02 mills.
DAKOTA
.Fargo, N. D.
As
lot
charges the 65% law
that about 23% of the voters auto¬
is
improvements
years,
costing $47,942,000
necessary
NORTH
made
tory of bond issues in Ohio shows
additional
The
is
peacetime
a
The conclusion of this statement
is based
city, the base for
$38,903,000 debt in
the next 10 years is
indicated;
this is on the basis of 15-year
2% bonds.
If the average bond
The bonds should be
Interest shall
of
limit
rate
debt
life
shift
to
in this country.
assumed for the
an
as a means
minority rule instead of a ma¬
jority rule which is predominant
and
Cole
H.
pursuant
for
provements.
Clerk
option
reserved, the town has called for
payment on Dec. 1, 1943, refund¬
ing bonds, dated Dec. 1, 1933, due
nounces
the
If
the
as
wartime
a
Mr. Taber
charges over the next
on the basis of existing
current tax duplicates.
on
could
Fairmount, N. C.
terest at 6%.
is
years
rates
promoting
economy.
show the amount of reductions in
on
State
from
Several
also are
limit.
alternatives
is
providing employment in the
post-war period, says he believes
the law to be the principal factor
which will impede recovery
in
the
shows
and
which
of
Tables for the three subdivisions
Approved—The
the city, issued under date of for the
purchase of $60,000 coupon
May 6, 1940, due on May 6, 1960. funding
bonds.
Denomination
Series
A
outstanding
$368,800 $1,000.
Dated Nov. 1, 1943.
Due
bearing interest at 5% and series on Nov. 1 as follows: $2,000 in
B outstanding $239,000 bearing in¬ 1944 to 1967 and
$3,000 in 1968 to
ered.
public works programs
debt service
Bond
the
to
Taber, Director of the Ohio
Foundation
vides
CAROLINA
Local Government Commission
submitted
reports.
news
Program Committee.
provement
shown.
Ahoskie, N. C.
be
quirer" of Oct. 9:
Ohio (State of)
Possibility of city, county and
Bond
Election
Change Under
improvements cost¬
Consideration—The Ohio Founda¬
ing $62,002,248 in the next 10 tion of
Columbus has under way
years, without altering the normal
scientific polls to determine pub¬
tax rate, is pointed out in a com¬
lic
feeling toward the present
prehensive memorandum prepared
State
law, which requires ap¬
by the Cincinnati Bureau of Gov¬
proval by 65% of the voters to
ernmental
'Research,
Inc.,
for
ratify a bond issue, according to
intervening
NORTH
will
voters.
of
school district
members
The tax rolls,
bonds
Foreseen—The
appeared in
the following item:
carried
11
general election in November the
Improvementsi issuance of $240,000 construction
Large-Scale
Monday, October 18, 1943
Oct.
refunding
1, 1943, to take
bonds,
dated
up outstand¬
ing obligations: Due on Oct. 1 in
stated
by J. *W. Howard, City
Bond Offering—It is stated by
1944 to 1952 inclusive.
Principal
by Treasurer, that he will receive N. J. Kleckner, District Secretary,
and interest (A-0)
Lucia E. Hermanies, Clerk of the sealed tenders until Nov.
payable at the
1, at that he will receive sealed bids
Board of Education, that at the 2 p.m., of optional refunding bonds until 7
p.m.
:
(EWT), on Nov. 4, City Treasurer's office,
Mariemont), Ohio
Bond
Election—It
is
stated
■
:y';-V
Volume
Number 4221
158
THE COMMERCIAL & FINANCIAL CHRONICLE
1585
*
Patterson
Heights
(P. O. Beaver
Falls),
i
Interest
Rate
The
Borough
Secretary now states
that
the
$10,000 semi-annual general obli¬
gation bonds sold to Singer, Deane
of
Scribner
&
about
1.062%.-
1943, and
Pa.
—
of
Pittsburgh, at a
price of 100.825—v. 158, p. 1484—
were purchased as
Vfas, giving a
%asis of about 1.09%.
Due $1,000
from Nov.
1, 1944 to 1953 in¬
clusive.
from
due $50,000
successful
bonds
the
Oct.
on
inclusive.
1963
1944 to
Oct,
Dated
the
reoffered
bidders
1,
1
The
from
a
yield of 0.30% for
maturity to a price of
1944
for
99.25
the
bonds
in
due
1963.
Robert M. Goodrich, who is tem¬
porary executive
director
as
board
activities
At
Bidder—
Rate Bid
Int. Rate
&
Co.,
&, Weeks,
Forgan
Hornblower
Greenwood
T.
organization
officers
will
be
and
he
will
of
is
ing bonds, all
maturing
October 29, at
The Sinking
sealed
bonds of
"C" and fund¬
or
dated May 1, 1935,
and
out¬
receive
refunding
Series "A," "B"
by-laws
The articles of association
&
that
tenders
meeting,
and
Invited—It
Preston, Chairman
Sinking Fund Commission¬
of the
staff members
selected,
Tenders
May
1,
10:00
1950, until
a. m.
•
and
Philadelphia, Pa.
Smith
Refunding Total Put at $166,©00,000—The approaching expira¬
tion
Oct.
on
30
the
of
Crouse,
bond
&
Lazard,
lined
Bennett,
Co
Freres
&
Co.,
Shields
&
Moore,
Leonard
Co.
and
&
Lynch
ex¬
100.222
1.10%
100.077
3.10
of the Council
purposes
as
have
ers
follows:
in
Fund Commission¬
the
sinking fund for
"To cooperate with public offi¬ the purpose of purchasing said
cials in working for the adoption bonds the sum of $34,000.
In the event tenders in a suffi¬
of
improved
methods, systems
.
change offer under the Philadel¬
phia refunding plan of 1942 has
resulted in exchange of more than
$13,000,000 principal amount of
bonds in the last week, according
to
Drexel &
Co.
and
Lehman
Brothers,
the
managers
account
of
group
for
carrying
Braun, Bosworth & Co.,
Francis I. duPont &;
>
Co.,
lVe
100.079
Barney & Co.
Goldman, Sachs
and
&
Loeb
and R. H. John¬
& Co.___—
son
Smith,
Co.
-..
Ripley & Co.,
Inc., Kidder, Peabody
&
Co.,
W. H. New-
the plan.
Fenner & Beane,
changed under the 1942 plan and
$166,000,000 the amount re¬
to
rill,
the
holders
of
offer
of
and Yarnall &
Harris Trust
certain
issues
of
bear the
to
the
dates
former rates of interest
&
Co.
Co.,
and
Scranton
result of the additional
ex¬
Loan
Bank
100.06
&
—
The
Trust
South
Co.
has
offered the city a
City
Will
Wage
Collect
Taxes—The
Past-Due
Philadelphia
"Inquirer" of Oct. 12 carried the
following report:
Steps to enforce the payment of
the municipal wage tax by non¬
residents employed by the Fed¬
eral
Government here
formulated by the city
i
efusal of the U.
to
consider
being
following
S. Supreme Court
the
tax
of
Harold Kiker, a Navy Yard em¬
ployee.
Kiker, who lives in Mt. Ephraim, N. J., had asked the high
,
.
court to set aside
decision of the
a
Pennsylvania
Court
which
Pleas
Supreme
upheld
Common
Court Judge Thomas Bluett's de¬
cision
that nonresident
Federal
workers must pay the levy.
In declining to consider the
peal, the high court, in effect,
ap¬
up¬
held the State courts.
has
handled
the
wage
our
litigation, "represents
fight, our last step in
tax
last
the
drawn-out
our
litigation to
right to impose the
all persons
on
"I
can't
long,
until
refunding
pon
7
p.m.
Oct.
on
tax
working in the city.
visualize
any
other
phase of the question which might
come up again.
"What
collect
steps
the
nounced
that
will
taxes
later.
be
taken
will
We
Philadelphians
are
are
be
to
an¬
law-abid¬
000
to
$4,000,000 within the next
12 months
as
result of the latest
a
development.
$1,000.
within
Navy
the
because
power
Yard
■limits.
is
city's
taxing
the Philadelphia
outside
the city
v':"
' ■>'
Pittsburgh, Pa.
Bond
Sale—The
$1,000,000
se¬
ries B of 1943 coupon general im¬
provement bonds offered
—v.
to
a
man
158,
Dated Dec. 31, 1943.
Dec.
on
Oct. *14
1394—were awarded
syndicate composed of Leh¬
Bros., Stone & Webster and
p.
Blodget, Inc., Hemphill, Noyes &
31
slusive.
in
A
1944
1957
to
certified
Due
in-
check
for
$1,500 must accompany the bid.
information pertaining to
governmental operations and im¬
proved systems and methods of
public administration and finance;
to make grants, aids and awards
to individuals and institutions for
Providence, R. I.
Bonds
Authorized
The
—
City
Council recently gave final pass¬
age to the ordinance
issuance
of
bonds
to
enacted
last
the
refunding measure
this is part of
a
year,
Mayor's financial administra¬
tion
designed
program
inate
to
elim¬
borrowings.
The an¬
refunding plan does not in¬
crease
the
city's net debt, but
eases the task of
paying it off.
new
nual
Rhode Island
Public
Council
Governmental
in
quote
part
to
Economy
follows
as
from the Providence "Journal" of
of
at
the
tary
of
State
association
office
of
the
yesterday
were
Secre¬
for
the
Rhode Island Public Expenditure
Council,
purpose
formed for the general
of promoting efficiency
and
economy in local,
Federal governmeiits.
State and
Organizing around
a
govern¬
poration
laws
of
the
State
of
Rhode Island."
In
the
citizens
matters of
on
public
concern."
research
and
Income
important
showed
ing
During
sources
of
Sep¬
revenue
noticeable decline dur¬
a
the
month
of
September,
it
announced at the State House
was
Oct. 4.
on
■i
Off
Frederick J. Motte", State liquor
control
administrator,, announced
that during the month
just closed,
his department took in
which was $103,389.51
taken
was
in
Thus
$85,425.58,
less
than
during
September,
during the fiscal
far
year, liquor taxes have amounted
to $225,280.84 as
against
97
during the
This
ago.
same
was
$424,647.period a year
drop of $199,-
a
tax
revenue
during September
iness
was
in
August bus¬
to
$29,700.79 less than in
September,
1942.
So
far
the
in
fiscal year the State has taken in
through gasoline taxes, $750,153.01, a drop of $149,224.37 from the
period
Tobacco
a
year
taxes
ago.
during
past
1942.
the
Incorporators
were
listed
as
Henry D. Sharpe of providence,
Noelte
of
Pawtucket,
Norman D. MacLeod of Charles-
town, Frederick S.
to
$8,624.68
Blackall, Jr.,
of
Cumberland, and Edmund C.
Mayo of North Kingstown, Harry
in
during
more
Parsons Cross notorized the docu¬
ment.
I
of
New
York
Schmertz
1.10s, at
a
&
all
City, and Phillips,
Co.,
Pittsburgh,
as
price of 100.376, a basis
a
elected
Council
board
at
will
of
be governed
directors to be
organization meet¬
ing of members soon, according to
an
chase of all
tendered
or
and
and place
Bidders
tendered.
that their tenders
are
none
revenue
Tenders
Sealed
stated
Tenders
by
W.
Invited—It
is
R.
McLeod, Town
Clerk, that pursuant to the terms
of the ordinance unddr which the
consolidated
dated
Oct.
refunding
1,
1941,
bonds,
were
issued,
he will receive sealed tenders of
such bonds at prices not exceed¬
ing
par
November
and accrued interest, un¬
available
to
15.
Funds
purchase
not
are
less
shall state the time
shall
accepted.
accompanied
are
be
corporated bank
trust company
for 1 %
able
or
any
in¬
of the face amount of the
bonds tendered
to
the
purchased, pay¬
Sinking Fund Com¬
or
missioners.
ered.
so
tend¬
the
V-
that
for
the
heavy
first
of the
quarter
current fiscal year,
tions
overall collec¬
running only $20,000
were
behind those for the
of the
for
preceding
the
same
quarter
Collections
year.
current
quarter
totaled
$14,038,166, against $14,058,692 for
the first three months of last
year.
Bonds Offered for Investment—
A block of $310,000 3V2%
county
reimbursement bonds is being of¬
fered
by
Inc.,
for
Halsey,
Stuart
& Co.,
subscription.
Denom. $1,000. Dated July
1, 1943.
Due
Dec.
on
int.
general
1, 1954.
Prin. and
payable in New York
Nashville.
Legal ap¬
J-D
City,
or
Bond Call—It is announced that
Commissioners
calls
for payment
December 1, the
following City
of Memphis, Tenn., gas plant gen¬
eral liability serial bonds: Series
A, aggregating $65,000, maturing
TEXAS
Said bonds will be redeemed at
price of 103% of the principal
amount thereof, together with all
interest accrued and unpaid there¬
Dec.
called
passed
June 6, 1939.
Payable at the Chemical Bank
& Trust Co., New York, or at the
National
*! Mm
El Paso, Texas
Electric Stock Purchase Elec¬
tion—It is stated by G. R.
Daniels,
City
Auditor,
qualified
the
on
pass
Oct.
on
residing
23,
within
the question of whether
the City shall acquire the
on
not
or
that
voters
City limits whose property is
the tax rolls of the
City will
stock of the El Paso Electric Com¬
at a price of $17,850,000.
they should approve the pur¬
chase, the City would immediately
sell the transportation system, in¬
cluding
the
two
international
bridges, at a guaranteed price of
not less than
on
Bank
of
Commerce,
$2,000,000.
Also, the
distribution
system
within
the
of; New Mexico would be
State
disposed
Cruces
of
to
the
other
or
City
of
Las
interested
pur¬
chasers.
Serial revenue bonds not to ex¬
with a mortgage against
ceed 3%
the
property
acquired, maturing
would be issued.
25 years,
over
the
to
Hoffman, King
If
the above city, acting through its
Board of Light, Gas and Water
on
by Wood,
pany
Memphis, Tenn.
Mercedes, Texas
Sealed
Tenders
stated by H. E.
tary,
that
will
the
receive
Invited—It
is
Hager, City Secre¬
City
sealed
Commission
tenders
until
October 25, at 5 p. m., of Refund¬
ing bonds, Series 1941, dated May
1, 1941.
Funds in the amount of approx¬
Memphis, or at the City Comp¬
office, on presentation of
imately
said bonds
tenders made at less than par and
accrued interest will be consid¬
troller's
accompanied by all
ap-
purtentant coupons maturing after
Dec. 1, 1943.
All registered bonds
called should be accompanied by
duly executed instruments of as¬
signment in blank. Interest cou¬
pons
maturing Dec.
1,
1943, ap¬
purtenant to the bonds called, will
be paid in the usual manner.
In¬
terest
ceases
on
Dec. 1,
1943.
The numbers of the bonds call¬
ed appear in the official notice in
another column of this issue.
Nashville, Tenn.
der consideration
a
eration
involving
callable
2JA%
refunding
$4,790,000
Series
A
op¬
of
Electric
ma¬
ture in 1955-1959.
collections
by
the state were down approximate¬
ly $235,000, compared with the
same
month
a
year
ago,
commissioner
George
of
fi¬
and
taxation, reported on
Sept. 30 in announcing collections
for the month
totaling $3,435,898.
The
gasoline
tax
collections
dropped from $2,121,800 for Sep¬
tember
of
1942
to $1,694,987 for
just closing, and ac¬
counting for the overall shrinkage
the
available
are
of bonds
and
for
only
ered.
Texas
Warrants
(State of)
Called—State
Jesse James
urer
calls
for
State
payment
of
Treas¬
advises that he
face
at
value >
Texas
general revenue
warrants
to
and
including No.
354.758 (1942-43 series), which in¬
cludes all warrants issued prior to
and including Jan. 15, 1943.
This
call is for $280,374.37.
dated
void
now
Possessors
should
the
Sept.
because
for
statute
warrants,
revenue
prior to
two
of
1941,
the
are
State
years' limitation.
these
make
State
1,
of
warrants
with
arrangements
representative
of their
district to have them presented to
September Tax Revenue Down
tax
$5,000
purchase
the General Claims Committee for
Tennessee (State of)
—September
the
General
Refunding Operation Pending—
City officials are said to have un¬
special appropriation
at the next
session
Legislature.
of
the
State
Out-of-State holders of such
rants
are
State
Treasurer's
Other
war-^
requested to notify
than
warrants
all
the'
office.
general
State
cashable when
revenue
warrants
are
issued and should
be presented
immediately for pay¬
Prompt presentation for
payment of these warrants will be
ment.
greatly
appreciated
by the State
Treasurer's office.
month
Tom
Green
County (P. O. San
Angelo), Texas
in total collections.
The
tobacco
tax, on the other
hand, jumped from $380,210 to
$451,231 for September this year,
to more than offset the gasoline
slump.
Beer and
Suit
Assails
Action—The
Bond
Redemption
"Bankers Digest" of
Dallas, in its edition of Oct.
11,
carried the following report:
"A suit has been filed against 1
Tom Green County, Tex., in the
liquor taxes were both
decline, the latter despite District Court at San Angelo by
a
holder of Tom Green County
per gallon increase in
which have
whiskey *taxes over September courthouse bonds,
on
than three of such bonds
for
,
sluj&np this
month, the commissioner reported
of the bonds
upon
nance
Timmonsville, S. C.
the
desire,
so
by certified check
McCanless,
CAROLINA
Despite
in
year,
$181,931,
$200,821
month of 1942.
for the pur¬
said bonds will be de¬
livered, if tenders
September,
corresponding period of 1942.
til
The
by
be
stipulate, if they
may
than
■
Co. and Charles Clark & Co.,
to
$128,791.48,
However, the total
SOUTH
coun¬
cils to promote economies in the
Federal Government.
E.
was
taken
was
it will
cooperate with other State
Albert
amounted
which
last
were
bonds
Power Revenue bonds which
the
$124,352
while liquor taxes
in contrast to
same
this
& Dawson of New York.
$258,399.22
amounted
which
taken
on
Tor
$110,141,
proval
367.13.
educa¬
and
bidders shall specify
and number of
or
three
tional functions, however, will be
scope,
city
ance
State
during the fiscal year thus far,
$384,158.56, is $262.53 less than in
pursued
Tenders
of the
tember—The State's income from
principles
policies
issues of bonds
1, 1943.
The bonds
are
part of an issue of
$5,250,000 approved in an ordin¬
same
for the past 11 years by the Prov¬
idence
Governmental
Research
State-wide
of
taxes
totaled
to
the interest rates
on
month
of
tenders
brochure
a
private citizens of Rhode Island
interested in efficient
government,
the non-profit and non-partisan
Council will operate largely on
Its
consider
detailing its pro¬ June 1,1945; Series A, aggregating
gram, the Council said it will seek $137,000, maturing June 1, 1946;
to promote its purposes "by ex¬ Series
A,
aggregating $100,000,
amining the operations of govern¬ maturing June 1, 1947.
nucleus of
and
will
promote
the public under¬
corpo¬
ration may do any and all
things
not in contravention to the-cor¬
Gasoline
Articles
on
furtherance and not in limitation
of the above purposes, the
Sept. 29:
filed
mission
and
out
encourage
1942.
(State of)
Expenditure
Promote
—We
forums
seek
standing of those principles which
further these objectives; and in
providing for
not
exceeding
$365,500 to refund debt obligations
scheduled to mature during the
five years ending next Dec. 31.
Similar
and
to
ment; by cooperating with public
officials in solving the problems
of government; and
by informing
RHODE ISLAND
Bureau.
Kiker contended that he did not
come
Interest
2%, payable
Denomination
semi- annually.
confident
ing citizens who will pay the tax
without further delay."
;V Wernick estimated that the city
will collect an additional
$3,000,-
bonds.
rate is not to exceed
establish
wage
cooperation among other or¬
ganizations and citizen groups in
the field of public
administration;
to publish books, .-pamphlets and
periodicals and otherwise dissem¬
and
Bond Offering—Sealed bids will
received
3%%, or more, are not
permitted, the sinking fund com¬
other
ment;
Shillington, Pa.
be
mission of
having a maturity date prior to
May 1, 1950.
ferences
my
who
govern¬
bond issue.
"The Supreme Court's ruling, to
mind,"
declared
Abraham
Wernick, Assistant City Solicitor,
of
outstanding contributions in these
fields; to hold and arrange con¬
are
appeal
field
$50,000 loan at
1%% for bridge improvements, to
be repaid out of a forthcoming
changes six more series of the new 28 by Benton L.
Hemmig, Bor¬
refunding bonds of 1975 maturity ough Secretary, for the purchase
have been closed
out
although of $62,000 general obligation cou¬
bonds of 1965 maturity are avail¬
able in these particular series.
the
inate
1.15
Scranton, Pa.
original callable dates and
a
Wisconsin
Milwaukee
Temporary
•thereafter bear interest at 314%.
As
100.212
Boston
the
but
1.15
Savings
Corp., F. S. Moseley &
tion between
have extended callable
Co
&
in
and
Sin¬
First
Bank,
exchange,
city's bonds optional for redemp¬
1944 and 1953, may
exchange their bond for new re¬
funding bonds of 1965 or 1975 ma¬
turity which, where redeemable,
Pierce,
& Scribner
ger, Deane
funded by the combined 1941 and
1942 plans.
Under
Lynch,
tivities
cient amount of said bonds at an
interest yield basis to the com¬
ment; to collect data and provide
a
clearing house for information
tion; to cooperate with and fur¬
ther the exchange of information
bold's Son & Co., Mer¬
These exchanges bring to more
than $83,000,000 the amount ex¬
procedures of public admin¬
istration; to make surveys, studies
and audits of operations and ac¬
relative to government and taxa¬
100.039
lVe
—
Harriman
out
firms
Newburger,
& Co.
and
Beer
year.
September
contrast
stated by T. R.
policies,
expenditure of
adopted.
'
H.
control
the
Sealed
Bureau.
ers,
the
other
Glore,
will
last
Chattanooga, Tenn.
Providence
Research
and
TENNESSEE
well
as
all funds.
Other bids included the follow¬
ing:
the
Governmental
The
director,
of
a
the
30~cent
mm
.
1586
THE COMMERCIAL
been
called
tober
10,
payment
Oc¬
on
County
decision.
of
nection
The
redemption
the
at
time
originally
were
the
to
as
which
redemption
not
are
at
all
of
the
such
it
bonds.
This
court action taken
since
the
cision.
is
of
bonds in the list of
revenue
under
is
"economically
reduction of na¬
war
for
local revenues,
de¬
Revenue
brought
uphold the
resentative
v/ho
said
introduced
Cravens
that
"Removal
of
Army
municipal
bonds and tax-
supported
bonds—both enjoying
tax-exempt feature—in¬
dicates in the opinion of Blair &
Co., Inc., that electric and water
the
before
maturity unless an option
redemption is specifically pro¬
vided in the bonds."
by
tracts,
Government
the
and
camps
other
tax
"My
bonds, among others, of¬
certain advantages that
en¬
would
UNITED STATES
Federal
Aid
New
York
ington,
C.
D.'
The
reports,
measure,
"This
the
Gross And Hot
is
local
would
the
be
the
ding period of last
commissions,
which
acquire through condemna¬
land in blighted areas for
redevelopment and sell
the
land
so
acquired
to
733 from
provide
national
a
Incr. ( +)
Jan.
blight
country, and to study and
gest
measures to
areas through
planning for redevel¬
earnings
Operating expenses
tion
Local
Tax
by
the
Federal
should be
and
bear
On
appro¬
Govern¬
subject to taxa¬
a
"relative
share
in
the support of the local
gov¬
ernment of the State in- which
it
is
situated," Tom C.
Portland,
Multnomah
Ore., Assessor-, advised
tional
Association
Officers
10th
of
Annual
(60.52%)
$1,123,614,510
—.
In
the
.
month-by-month
comparison of the
variations
in
the rate
Watson,
County,
the
Na¬
Assessing
conference
sources
em¬
presented
by
to
fense Plant Corporation
and Re¬
construction Finance
Corporation
which
property taxes,
petition
with
pay
are
no
personal
in direct
real
such
reve¬
that land is
federally
Western
owned
and
being acquired by the
government at
million acres a
the
rate
of
one
year, exclusive of
military needs.
Mr. Watson advised
the pending
would
support of
McNary bill, which
require payment of 2% of
the value of
public lands held in
any State.
He advocated broader
legislation, however, pointing out
Tvr^NT™
V? ™
ihpf
that
the
um
McNary bill
would
not
'
activity in the building industry was at low ebb. According
issued by F. W%. Dodge
Corporation, construction con¬
awarded
in the
37 Eastern States during the first half of the
involved
year
bituminous
coal
output recorded slight declines of 373,000 net
tons, respectively, below 1942 due to the coal
Livestock and grain receipts showed considerable
activity
upward scale. Steel ingot and castings production in the first
and
684,000
an
record-breaking total of 43,866,912 net tons,
sharp decline jn the June output, and exceeded by 1,331,-
a
in the first half of last year.
Steel out¬
above the total of 43,493,998 tons produced in the last
Based on reports of identical mills for
equivalent
was
1942.
of
all
the
foregoing we have been dealing with the railroads
Turning our attention to the separate roads and sys¬
whole.
a
improvement of $51,632,191 over 1942.
In the gross column
in second place the Union Pacific which bettered its last
year's figure by $83,458,385.
Secondary to the Southern Pacific in
the net listing was the Atchison Topeka & Santa Fe with an increase
of $50,685,899.
Exceptionally good results were shown by the New
York Central, Southern Ry., Baltimore &
Ohio, Chicago Burlington
an
find
&
%
+32.49
Quincy, Qhicago Rock Island & Pacific and Atlantic Coast Line.
As for decreases, the Duluth Missabe & Iron
Range suffered drastic
+
473,401,585
+21.95
contractions of $3,037,703 in the
The
$592,503,731
+
railroad
of
+52.73
gross
advance
it
can
PRINCIPAL CHANGES IN
GROSS EARNINGS FOR THE SIX MONTHS ENDED JUNE 30
Increase
Pennsylvania
be
as
not
markedly dissimilar and require
In the following tables we furnish
compara¬
extended comment.
tive earnings for each of
the different months
Union
York
Missouri
—GROSS
EARNINGS
Year
Year Given
$
'
(2 roads)——
671,333,482
March
748,797,529
759,830,030
Amount
$
'
_
June
_
Pacific
Month
190,648,409
462,479,645
+
540,298,995
+
572,529,082
+
601,063,784
+
623,695,612
+
Year Given
Preceding
of
Grand
"
New
Trunk
Jersey
3,575,000
Western
Chicago
Atlantic Coast Line—
30,625,708
30,202,029
29,174,565
Minneapolis St. Paul & S. S. M.
2,425,406
Louisville
27,355,737
New
2,050,237
2,049,730
25,974,423
Wheeling & Lake Erie
Chicago St. Paul Minn, &
——————
Ohio—
&
——
——
Nashville.——_
&
Pacific
Illinois
New
Line-.—-——
Air
Central
York
—
3,004,147
Orleans &
Southern
Northeastern--
1,434,185
Pennsylvania-Reading Seashore
Lines
—
—
1,298,331
Texas
215,951,337
229,525
231,555
176,268,447
+ 30.79
229.403
231,499
158,266,246
+ 26.33
Year
S
+
306,813,365
306,649,824
180,192,061
205,790,570
+
April
May
304,968,698
225,577,824
245,225,980
—
Valley
York
New
;
+87.24
12,669,884
12,117,024
—
+89.05
+70.27
+49.01
+35.19
+20.47
order to comprehend more
fully the significance of the
increase in rail operating revenues
foi; the first six months
of 1943 over the like
period of the preceding year, we turn now to
our
customary consideration of general business and industry.
In
relation to their bearing on the
earnings of the railroads, we have
in the subjoined compilation those
figures indicative of
the activity in the more
important industries together with statistics
pertaining to grain and livestock receipts and revenue freight car-
tabulated
compared with the
same
period
1,058,702
966,161
...
Chicago Indianapolis &
Louisville
10,528,967
...
,
Minneapolis & St. Louis
907,124
—
Norfolk & Western
865,925
Northwestern Pacific
844,724
Staten
8,892,917
8,509,949
——
Atlanta & West Point—.
8,942,560
Chicago & St. Louis
Western
Island
Rapid Transit—
Burlington-Rock Island
Maine
Ry. of Alabama
Detroit
Toledo
Illinois
Terminal
6,828,227
Kansas City Southern..——
Richmond Fredericksburg &
755,972
702,761
...
Central
7,746,439
6,982,612
..
830,933
823,940
—
Chattanooga & St.
Pere Marquette
Central
Vermont
Akron Canton
&
&
Ironton..
671,544
641,007
——
——
.
Youngstown—
'
Potomac
Mobile
Gulf
Central
Boston
of
—
Ohio—..—
:
& Maine———.—
Eastern Illinois.—
Orleans
(3
j.-.
Georgia...
Chicago. &
New
&
—
&
Bangor & Aroostook
5,824,849
Kansas
5,801,456
■
Clinchfield
5,731,456
5,672,084
Total
1
Oklahoma & Gulf
•
628,395
606,753
599,101
572,862
528,069
(89 roads)—
$1,056,912,670
5,642,318
Texas & Mexico
Decrease
roads)
Delaware
6,158,699
—
——,—
Western Pacific
956,179
9,753,772
9,679,093
—
Florida East Coast—
Nashville
Western
12,838,877
——
Louis
115,146,557
120,149,553
126,621,304
100,859,254
79,390,874
50,208,034
In
1942, 1941, 1932 and 1929:
Western
Reading
32.49%
as
Grande
Pacific
&
Lehigh
$
+
134,925,158
loadings for the first half of 1943
Rio
1,175,954
—
Pittsburgh & West Virginia
York Susquehanna &
New
13,269,416
St. Louis Southwestern———-
Inc. ( + ) or Dec. (—)
Amount
%
Preceding
131,988,137
295,434,014
&
1,251,527
1,201,653
—
Birmingham & Coast.
Pittsburgh & Lake Erie
...—13,348,259
;
,
Wabash
255,074,711
;
Atlanta
231,644
EARNINGS-
1,327,239
—
Delaware & Hudson
14,839,090
Erie
431,368
1,567,731
_
13,822,089
231,593
229,302
2,005,046
—
Georgia Southern & Florida—
Toledo Peoria & Western
229,693
+ 19.83
—
Georgia
15,415,955
229,570
123,677,292
2,987,170
+.2,842,334
—
Omaha__—
23,320,752
——
Missouri-Kansas-Texas
'
3,171,788
Western
20,966,837
17,570,558
Pacific—.17,282,619
Northern
3,430,769
—
Arkansas—...
Great
Alabama
&
Haven
...„r-
&
22,683,789
———
——-
New
Hartford
Maryland
Great
Spokane Portland & Seattle—
Chicago Milwaukee St. Paul &
+ 43.47
231,368
4,364,538
4,213,363
—_
Western..
Louisiana
+ 39.97
229,357
$4,427,628
—
33,749,459
201,054,023
$
of
&
30,794,079
+ 39.66
247,134,694
January
February
June
Orleans
—
Long Island
Central
71,631,725
Increase
:
■
33,640,234
Baltimore
Southern
Denver
+
747,372,904
Year
$
.
480,685,073
663,533,668
____—___
Year
Given
%
756,250,332
March
80,699,449
Central-——,- *74,322,111
Fe__
v
New
Texas Pacific
83,458,385
Chicago & North Western..—.
Chesapeake & Ohio
—MILEAGE
Inc. ( + ) or Dec. (—)
Preceding
'Vx'
January
February
April
semi-annual
;:lCincinnati
$88,699,354
————
Pacific
St. Louis-San Francisco (2 rds.)
Month—
May
of the
in the net.
tabular summaries indicate all major variations
in excess of $500,000, whether they be increases or
decreases, in both
gross and net earnings for the separate roads and systems:
halves of
were
and $4,099,737
gross
appended
Great Northern
1942
a
statistics
Seaboard
and
reporting mills varies
'
years).
—00.88
owned
estate
11
is
different
earthquakes and floods,
to hamper railroading in either
half-year for which a comparison
is here presented.
Agricultural and weather conditions in the first
1943
.
x
Only percentage available.
zF.
W.
Dodge Corp.
(figures for 37 States east
Rocky Mountains). tNational Bituminous Coal Commission. gUnited States
Bureau,
$1,065,905,316
com¬
nues, Mr. Watson pointed out that
50% of the area of
States
received
Chicago Burlington & Quincy.
Chicago Rock Island & Pacific
plants that do pay these taxes.
Concerning
7,009,849
./
as the strike in the bituminous and anthracite
coal industry which
halted mining long enough to curtail to some extent the
activities of
the railroads in the Pocahontas and Central Eastern
regions.
There
-NET
privately
7,583,110
9,302,096
9,486,965
9,515,817
Atchison Topeka & Santa
increasing
exemptions of Federal real estate
and personal
property.
Mr. Watson
charged that De¬
plants,
x
3,563,013
3,413,196
+
periods:
to
tax
6,568,939
New
phasize
local
6,932,891
Southern Pacific
no
threat
X
—
showed the carriers doing more busi¬
comparable months of the previous year.
returns, also, a continuous improvement was evident.
The
betterment necessarily was uneven, however, not only because of
seasonal fluctuations, but also because of such
special considerations
Oct. 1, as speakers and
roundtable discussions continued
on
the
33,004,861
2,806,164
with
net
serious national disasters
40,868,204
8,737,368
(000ft.):
___I
In
no
42,535,923
2,031
said that every single month
in 1943 than in the
were
6,£00
43,866,912
tons):
6,205,331
we
and
net earnings for the first six months of 1943 with those
of the similar
period of 1942, the fact stands out that sustained progress was made.
some
21,690
3,501
the 1942 six months total, while the Southern
Pacific, third in gross
with a $80,699,449 gain," surpassed all other roads in the net
category
(65.75%)
$1,716,118,241
—.
(net
production
ness
Lands—Property
priated
ment
Urge
2,630,545,492
$4,346,663,733
57,179
11,441
9,296.
compared with the like period of 1942, and 79 roads reported gains
such size in their.net earnings.
In the gross classification, the
the list with an increase of $88,699,354 over
Deer. (—)
or
Amount
231,503
$3,280,758,417
2,157,143,907
Ratio of expenses to earnings.
Net earnings
1942
229,472
;;
Notwithstanding
Assessors
Federal
1943
.
sug¬
check the blight
of the deteriorated
intelligent
opment.
30
Gross
which has overtaken the cities of
our
l-June
Milage of 132 roads.--
30,275
43,922
9,959
Pennsylvania headed
1943
organization,
several years ago by
group of outstanding realtors
and other business
men, to study
the
causes
of
creeping
a
24,883
43,106
13,540
of
While
$1,716,118,241 against $1,123,614,510 in the first half of 1942, a gain of $592,503,731, or 52.73%.
We now present these results in tabular form:
established
34,559
61,578
general totals.
to $4,346,663,-
32.49%.
or
49,465
tems, we find exhibits in consonance with the results shown in the
No fewer than 89 roads were able to show increases
of $500,000 or more in their gross
earnings of the first half of 1943,
net earnings exceeded
history of the railroads.
rose
142,537
6,069,216
In
gross and
shows that gross earnings
a gain of $1,065,905,316,
11,899
133,779
59,982
x
as
suits show that net earnings in the first half of 1943 stood at
by the Urban Land Institute,
is
year
$3,280,758,417,
9,519
100,155-
111,042
working periods, lumber shipments in the period under review were
12% and orders 15% above rate of production.
Carloadings regis¬
tered a drop of 966,379 cars below the
21,063,401 cars recorded for
the first six months in 1942.
business, the ratio of ex¬
earnings did not increase correspondingly, being 60.52% in
period as against 65.75% in the 1942 period, so a larger
proportion of the gain in gross was carried over to the net. The re-,
The bill is the outgrowth of the
activities
and
extensive
studies
which
Steel
ingot
put also
expenses rose with the increased volume of
the
capital for rebuilding."
made
1587)
page
penses to
lease
or
and
despite
The comparison of the first half of this
year with the correspon¬
of
land
10,827
125,742
161,268
989 tons the total produced
right
along; that is, the figures for both
11,058
107,295
165,003
(000 bushels)
Lumber
on
The compilation of the railroads of the United States for the
first
1943 reveals results that have been in evidence
would
tion,
Tron
and
Earnings Of United States
those of any other similar period in the
11,372
237,887
—
half of 1943 reached the
six months of
says,
establishment
Oats
tons
Railroads For The 6 Months Ended June 30
accom¬
institute
barrels)—
bushels)
bushels)
half
redevelop¬
projects shall be self-liqui¬
dating.
on
106,072
strikes.
cemeteries.
(Continnued
39,153
76,467
a
money outlay of $1,851,272,000, as com¬
pared with $3,723,725,000 in the corresponding period of
1942, or a
decline of 50.28%.
In the coal industry, Pennsylvania anthracite
on
court
The bankers declare that "reve¬
43,901
25,173
Barley (000 bushels)—
Rye (000 bushels)
I
tracts
The bill would exempt Govern¬
lands
which
are
sites of
national
28,800
9,868
grain
(000
(000
current
ment
retirement.
of the proposal is that
plished,"
"through
Corn
to say,
privately owned lands."
of debt
(000
Wheat
to
George Guckenberger, Hamilton
(Cincinnati) County Auditor, de-
accelerated rate
an
14,188
12,443
25,516,953
short examination of the figures that ac¬
tivity in most industries tabulated showed mixed trends.
Needless
po¬
paid
34,844
20,665
13,631
It is apparent from
houses, postoffices, custom¬
houses, mints, penitentiaries and
designed to
encourage
rebuilding
of
such
areas
by private enterprise and,
moreover, the underlying purpose
ment
essential
are
tated
towns the use of Federal credit
for the purpose of
redevelopment
of urban areas, it is disclosed
by
the Urban Land
Institute, Wash¬
institute
the
as
adequate to meet post-war needs,
while greatly increased revenues
during the war period have facili¬
City, establishes a
granting cities and
for
of
pro¬
nature of service it has been pos¬
sible to maintain a physical plant
City Rebuilding—
Senate Bill No. 1163, introduced
by Senator Robert F. Wagner of
formula
Because
gram.
for
investment
any
35,671
23,707
(number of
tax
ipal, school district and other
litical subdivisions
almost
36,817
14,107,820
receipts:
Flbur
in
State, county, munic¬
title them to serious consideration
19,850,732
Mines.
11 Association of American Railroads.
ffReported by major stock yard com¬
panies in each city. ItNew York Produce
Exchange. J § American Iron and Steel Insti¬
tute.
IIHNational Lumber Manufacturers' Association
these
same
1
21,063,401
(cars)
(cars)
flour
and
ttWestern
of
for
for
United States
Provides
rates paid to
City
Omaha
ac¬
forests
subject
Government lands to the
284,804,000 285,488,000 228,606,000 144,588,000 259,573,000
29,134,000
29,507,000
26,913,000
24,162,000
35,733,000
Note—Figures in above table issued by:
revenues," Cravens said.
bill
revenue
3,667,983
667,079
IIliOrders
parks from the tax rolls de¬
prives many Sections of their nor¬
mal
2,549,962
20,097,022
^Production
and
same
1932:.:X.T;. *1929
:';v
II HShipments
military
national
1941
>
—
(cars)
Kansas
of
fer
Bills
Chicago
+
Federal
large
establishments,
quired
1942
3,723,725
ttLivestock receipts:
HSteel
(Dem., Ark.)
extensive
v
SPennsylvania anthracite
"bankrupting" local governments.
Tax-Supported
revenue
by Rep¬
land holdings in some sections are
he stated.
and
bill
a
Bonds Compared—An analysis of
basic
features
relating to both
right of the holder of any bonds
allegedly affected by this deci¬
sion, to refuse to turn in bonds
of
the
estate
tional debt and for restoration of
is
to
clude
ex¬
Monday, October 18, 1943
1943
1,851,272
Freight Traffic:
HCarloadings, all (cars)
we
necessary"
first
County
action
effort
an
the
Human
is
government-owned real
after
all
on
escape
dependent upon real eligible investments for savings
should use our in¬ banks and trust funds.
against any action which
House Bill Seeks State Taxation
tends to destroy its value or injure
of Federal Property—Government
its managements," Mr.'Watson de¬
property would be subject to real
clared. A proper plan for disposal
estate taxes of the various States
by bondholders
Cochran
This
in
now
have
may
now
\
.
($000):
Coal-(net tons):
tBltuminous
the survey notes that steps are
being taken in many States to in¬
covering these agencies of
estate,' and
interest because of the
effect
Building
zConstr. contracts awarded—
fluence
Cochran' County decision
have not released their
with
case
tax-supported
consequently demand high prices,
istence
bonds for payment will follow this
direct
While-
bill
government, which
any form of taxation.
who
and
military activities,
shipbuilding centers of
'
6 Mos. Ended June 30—
com¬
follow."
a
result
a
a
bonds enjoy a broader market and
the
County decision.
anticipated that the hold¬
as
enjoy
"We need also the enactment of
clear under
of all bonds called
ers
should
paratively high degree of stability
in the post-war period and in
pe¬
riods
of
depression which may
Navy.
the Cochran
"It is
bonds
nue
the Maritime Commission and the
sold, and
questions
of bonds
also raises certain other
ac¬
con¬
with
and the 28
are not callable
be¬
the county waived its right
bonds
acres
quired by the Government in
bqnds
cause
the 6 to 7 million
cover
result of the recent
of the bonds contends that
owner
the
for
as a
Cochran
& FINANCIAL CHRONICLE,
5,532,395
Lackawanna...—
International Great Northern..
5,412,856
Duluth Missabe & Iron Range.
& Lake Erie——
Bessemer
5,385,957
Virginian
Yazoo & Mississippi Valley
5,096.885
Lake
Alton
4,894,094
Colorado & Southern (2 roads)
4,658,750
$3,037,703
1,423,067
584,038
...
Superior & Ishpeming—
Total
(4 roads)
547,907
$5,592,715
*These figures cover
the operations of the New York Central and the leased
lines—Cleveland Cincinnati Chicago & St. Louis, Michigan Central, Cincinnati Northern
and
Evansville
result is
an
Indianapolis
&
Terre
increase of $75,498,065,
Haute.
Including
Pittsburgh
'
&
Lake
Erie,
the
•
.j
msssmmmsm
Volume
THE COMMERCIAL & FINANCIAL
Number 4221
158
FOR THE SIX MONTHS ENDED JUNE 30
IN7 NET EARNINGS
PRINCIPAL CHANGES
(2 roads)--
$51,632,191
Topeka & Santa Fe__
50,685,899
Pacific
Southern
Atchison
New York Central
Union Pacific —'
^45,998,131
—-
•—
£■£■■• 21,853,061
'&
2*125,690
2,152,924
Great
1,87.9,705
1,860,231
Western—
20,481,813
Chicago
Western Maryland
Alabama Great Southern——
1,751,772
.17,690,881
Wheeling & Lake ErieT.
17,671,639
16,536,101
15,558,479
Pacific
ouisville & Nashville...--——
&
Ohio...
.
Air Line.......—...
Pacific
Northern
2,526,807
20,241,071
Coast Line——
Spaboard
2,603,567
——
Louisiana & Arkansas————
Chicago St. Paul Minn. &
Omaha
—+1-....
New Orleans & Northeastern..
1,468,522
1,437,122
11,165,019
——
,
River to
Potomac
Central
of
from
St,
Western
line
a
Louis to
south
and
of
1,342,295
8.630.877
Minneapolis St. Paul & S. S. M.
Boston & Maine
1,055,049
955,191
measure
8,092,427
—L_
8,040,668
Georgia
Denver & Rio Grande Western.
7,960,944
Birmingham & Coast.
Central of New Jersey
—
Minneapolis & St. Louis—
Chicago Indianapolis &
Louisville
New York Susquehanna
G reat Northern;—
Central
Illinois
Wabash
•7,621,524
__
St, Louis-San
7,399,320
Francisco (2 rds.)
7,145,683
Chesapeake & Ohio
Pacific—.
&
Texas
6.839.878
_*—
6,154,998
Florida East Coast...
York
New
Chicago & St.
ryi' jMaine Central
St.
Richmond
.
roads)
Total
Alton
Texas Pacific
515,315
Decrease
Bessemer
Elgin Joliet & Eastern
3,136,714
$4,099,737
2,665,226
Virginian
Lake Superior & Ishpeming—
&
Lake
Range.
Erie
..
1,701,115
702,291
—
513,997
L
&
Total
3,072,508
figures
'
■
.
Duluth Missabe & Iron
3,452,010
——
"■These
526,739
roads)—$599,759,376
3.547,531
-.L-.-
Lackawanna
.
•
3,471,064
Cincinnati New Orleans &
Western
"
■
the
cover
operations
$9,682,366
roads)
(5
the New York Central and the leased
Michigan Central, Cincinnati Northern
Including Pittsburgh & Lake Erie, the
of
lines—Cleveland Cincinnati Chicago & St. Louis,
Evansville
and
result
is
Indianapolis & Terre
increase of $46,524,870.
an
Haute.
as
is
.
custom, we arrange the roads in groups, or geo¬
our
graphical divisions, according to their location, the favorable char¬
acter of the returns is clearly manifested, inasmuch as all the three
great districts—the Eastern, the Southern and the Western-r-together with all the various regions comprising these districts, with¬
out single, exception, reveal increases in both gross and net earn¬
previous showings, the Western
District led both the gross and net categories with percentage gains
of 43.11 and 74.68, respectively.
The Southern and Eastern Districts
were second and third with increases in gross of 32.89% and 22.89%,
ings
In
alike.
with
conformity
respectively.
s
:
49.45%
of
improvements
and
respectively,
and
33.47%
in
net,
-
■
•
Analyzing the totals of the small sub-divisions, the regions, we
notice that the Southwestern region led the gross classification with
a
gain of 49.96%, while the Central Western, which was second in
increase, recorded the greatest increase, one of
86.67% in the net listing.
Second in the latter .category was the
Southwestern region which showed a gain of 76.17%.
with
gross
a
49.11%
Without further
comment,
we
now
make reference to our sum¬
grouping which follows and which coincides with the classifi¬
mary
by the Interstate Commerce Commission.
The
territories covered by the various districts and regions are explained
in the footnote which is subjoined to the following table:
cation
••••'
being due to the
at the Western
lying
to
between
Kansas
ihe
City and
same
oil
a
greatly increased
the gain in great
prescribed
bushels
in
as compared with
) District and Region
11199945362023267850—4—-.„+_+.
'000
Year
-Gross Earnings-
'
1943
$
June
Wheat
(bbls.)
find
Oats
Corn
(bush.)
8,583
New
$
.
131,115,479
156,389,886
England region (10 roads)
Great Lakes region '(23 roads)
Central Eastern region (18 roads )___
—
+
711,401,622-
571,015,308
+
851,473,741''
696,845,219
+
+19.28
25,274,407
+24.59
+22.19
140,386,314
154,628,522
2,969
6,040
13,660
52,539
5,628
3,852
49,284
8,651
1,582
83,394
8,480
18,958
7,381
43,422
27,363
11,641
12,184
4,980
4,575
1,311
816
1,401
f':;+ 171
15,231
11942
391
178
5,246
376
630
12,840
3,810
2,415
486
1,029
523
City
■
—
'
—JLL—•
'
283
3,865
1,532
15,955
30,206
6,588
26,292
5,617
108
132
5,912
207
3,224
81
1,886
268
3,231
27,274
16,306
4,753
3,363
4,572
11,924
1,678
691
1,315
1,055
4,763
18,458
1,024
158
2,213
11942
-(1943
11942
(1943
11942
(1943
987
1,187
22,968
808
435
1,894
473
46,620
18,025
3,440
406
20,030
17,788
1,830
2,850
3,582
1,422
v.;
-
•
w-'im. i,";
2,647
38
21
4,680
1,409
2,432
338
1,231
2
■V^.Vr
-
■
11,372
237,887
...
107,295
•
;
1,971
80
846
15
"•
161,268
is
our
customary
GROSS
13,540
61,578
34,559
9,959
43,106
EARNINGS
Year
Preceding
$1,172,185,403
$1,051,853,195
1,351,570.837
—
Decrease (—)
—
1,398,976,006
1,719,265,249
,.
+22.89
+320,289,243
—
1,339,539,563
—
1,309,006,353
+
56,349,506
1,502,472,942
1,366,304,199
+
136,168,743
+
1914—1,401,010,280
1,486,043,706
85,033,426
—
-I—
1,447,464,542
1,407,465,982
—
,
1917—————,L
23,958,798
~
—
39,998,560
—
2.16
4.30
+
9.97
5.72
2.76
—
1,403,448,334
1,741,329,277
'1,731,460,912 \
1,946,395,684
328,012,578
—23.37
205,066,407
+ 11.78
9.62
2,071,337,977
1,889,489,295
181,848,682
+
2,339,750,126
2,074,114,256
265,635,870
+ 12.81
2,684,672,507
2,326,657,150
2,738,845,138
358,015,357
67,476,090
—
2,665,747,212
2,605,203,228
63,399,701
—
480,926,565
—_
:&L
2,671,369,048
2,602,347,511
—
1923-..————-———
3,086,129,793
region
Pocahontas
-Total
(4 roads)...
region
Western District—
.
>¥■•".
\
■
roads)
region (16 roads)...
Southwestern region
+39.28
+ 183,296,561
+
+15.90
27,906,699
-
422,673,044
952,078,491
+ 26.23
87,833,747
+313,550,134
+
266,249,663
+
133,028,932
+ 49.11
-
+ 49.96
225.987.341
23,096,456
+
0.81
131,448,135
+
4.55
3,011,796,048
3,020,928,478
9,132,430
—
——
3,018,008,234
2,905,912,090
116,628,506
3,057,560,980
2,737,397,195
2,184,221,360
3,062,220,645
2,688,007,639
324,823,450
503,786,279
—18.74
4„_
1,599,138,566
2,183,918,659
584,780,093
+534,412,813
+43.11
1,774,030.130
1,239,617,317
Total all districts (132 roads)-
4.346,663,733
3,280,758,417: + 1,065,905,316+ +32.49
1933——++.————
1,430,226,871
1,599,191,879
1,413,361,745
1,627,736,490
1,632,939,310
1,869,614,084
2,082,853,003
1,632,876,801
1,800,532,143
168,965,008
—10.57
214,374,745
+ 15.17
2,901,379,728
—
;
—
—
—
-
—_
I
L;:;.
)
New
England region.
Great
Lakes
Central
East.
1942
1913
Eastern District—
Net Earnings
6.598
1
6,646
region. 25.853
,
1943
;T
$
57,517,067
262,831,578
269,255,776
—Mileage—
26,026
region. 24;031
24.235
Total
56,482
56,907 ; 589,604,421
19*2
Tncr. (+) or Dec.'(—)
$
'V
$
*
46,830,509 + 10,686,558 +22.82
180,195,298 + 82,636.280 +45.86
214,725,348 + 54,530,428 +25.40
441,751,155
region—— 37,432
Pocahontas
Total
region.
_
—
—
6.022
43.454
-Western District—►
Central
37,802 + 288,097,836
6,069
,94,383,609
West*
Southwestern
382,481,445
43,871
+33.47
176,058,364
.79,861,766
255,920,130
+112,039,472
+ 14,521,843
+ 126,561,315
+63.64
+18.18
+49.45
"/
+
region. 45,419
45,615
56,090
region. 28.783
29,020
130,725
"
155,282,181
411,582.415
177,167,779
104,892,678
220,483,220
100,567,327
+ 50,389,503
+191,099,195
+ 76,600,452
+48.04
+86.67
+76.17'
—
•.
744,032,375
425,943,225
+ 318,089,150
+ 74.68
1,800,532,143
1,991,064,110
3,280,758,417
all
districts_.229.472 '
231,503
1,716,118,241 1,123,614,510
+592,503,731
+52.73
'
grouping of the roads conforms to the classification of the Interstate
Commerce Commission,
and the following indicates the confines of the different
groups and regions;
+ ,w;■ •
+
Note—Our
NET
Year Given
1909—-——————
EASTERN DISTRICT
New England Region—Comprises the New England States.
Great Lakes Region!—Comprises the section on the Canadian boundary between New
England and the westerly shore of Lake Michigan to Chicago, and north of a, line
from Chicago via Pittsburgh to New York.
*
;
Central Eastern Region—Comprises the section south of
of a line from Chicago through Peoria to St. Louis and
mouth
line
of the Ohio River,
thence to
the Great Lakes Region east
the Mississippi River to the
and north of the Ohio River to Parkersburg, W. Va., and
the southwestern corner
a
of Maryland and by the Potomac River to its
mouth.
section east of. the Mississippi River and south
o? 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,
Region—Comprises
the
5,259,590
237,256,748
+ 14.53
213,636,273
449,634,747
—21.59
167.655.342
+ 10.27
+ 11.43
+ 10.58
190,531,967
428,226,321
+ 21.50
860,756,320
+
35.57
+
1,065,905,316
+
32.49
Increase ( + ) or
Decrease (—)
+ 25.98
+
$76,640,239
+
36,817,815
+
25,717,377
—
375,407,648
—
the
public
life
and
calling
constructions
to' existing
and
facilities
a
far-reaching
is
survey
city's physical needs
and
"The
survey,
which
includes
proposals for the construction of
a
airport, bridges, neighbor¬
libraries, improvements to
City
Home,, neighborhood
clinics, gas production, a new mu¬
nicipal
building, • better
street
lighting,
new
fire
house,
and
the
areas
the Department of Finance by or¬
der of Mayor Gordon B. Ambler.
"In the foreword of the survey
Council last
night, Mayor Ambler
emphasized that the suggestions
were
merely recommended for
consideration
+ 42.25
562,838,773
265,324,144
263,029,233
169,082,335
312,088,627
649,131,565
531,566,924
597,828,199
651,828,563
656,663,561
597,855,833
727,905,072
656,848,197
711,888,565
727,923,568
700,846.779
817,500,221
713,906,228
702,553,020
618,567,281
818,154,445
—199,587,164
—24.39
471,189,438
618,597,371
—147,407,933
471,340,361
321,452,887
346,640,179
—149,889,660
417,993,205
—
540,911,505
—
7,155,748
—
1.27
—
—50.88
—275,205,583
316,985
—
0.12
—
67,446,584
—25.64
+ 141,808,030
+ 83.87
—
+
+ 69.96
218,332,024
+
117,564,641
22.12
+
54,000,364
—
8.28
+
58,807,728
+
9.84
+
71,056,875
+ 10.82
—
16,035,003
—
—r
13,059,449
—
—
114,947,201
+
376,399,748
451,625,515
417,993,205
375,859,793
528,201,763
451,648,720
304,542,359
528,152,626
403,103,791
304,569,136
+
497,712,078
403,103,791
+
745,400,656
—1,123,614,510
498,179,057
+
sitions.
"Many of the recommendations
made by the directors of the
city departments, the School
Board and the Library Board. The
whole report was assembled by
the Department of Public Works.
were
five
It
will
be
presented to Council
the Postwar
Planning
through
Board.
"In
the
forword
deals
in
of
the
detail
survey
with
financing such
scale post-war
program,
a
the
large-
it is stated
that:
"
'Indications
are
that
the
city
without necessarily adding to
tax burdens of its
citizens,
745,400,656
+
1,123,614,510
+
592,503,731
finance
as
much
of this
program
of capital
improvement as is pro¬
posed to be financed through new
issue of bonds, provided that part
of the program is spread over a
period of 10 years.
That portion
of the program
to be financed
which is proposed
through Federal
necessity have to wait
the development of such a Fed¬
eral
program
of
assistance
to
aid will of
States
sions.' "
and
political
subdivi¬
"■<
WASHINGTON
9.54
+
247,221,599
378,213,854
1,716,118,241
1.83
+
71,353,026
41,593,457
1936
—
2.20
16.36
+
30,679,039
+
1935————
.
from the
Harland Bar¬
—31.80
352,131,926
—
by
—23.83
321,450,701
1932+———„
+ 13.72
166,151,387
530,420,651
1931
—12.84
47,615,341
+
310,890,365
^
50,660,208
+
for the
stamped
tholomew, St. Louis planning ex¬
pert, dealing with similar propo¬
the
195,582,649
—•
made
surveys
can
393,225,507
study
with specific approval.
"The report is separate
7.18
394,495,885
and
post-war years, and not
0.54
347,068,207
a swimming pool,
by the Department of
[ Public Works in cooperation with
6.36
265,007,159
+
improvements and ad¬
including
made
was
+
26,799,669
+
9.91
555,683,025
265,705,922
—_
new
hood
—
2,037,477
—
•
559,376,894
1920—————.——
1943—+——*—.
%
■
343,835,677
—
«
financial possibilities to be handed
over
to the City Council for ac¬
which
394,683,548
_•
'
of
numerous
methods of
371,562,668
404,569,430
1942
0.32
+
$294,951,102
373,442,875
—
5.22
408,380,483
—400,242,544
:
3.86
+
—10.61
$371,591,341
—
1939
SOUTHERN DISTRICT
Southern
Preceding
—-__+—:
378,852,053
1912—+————373,370,171
'
0.30
—
EARNINGS
Year
v
1929—————
•'
3,280,758,417
—
151,648,890
+
1,991,775,776
2,420,002,097
4,346,663,733
—
Total
/
2,420,002,097
1922——————
Total
,
2,083,250,357
1,633,218,256
——
Jan. 1 to June 30—
1918
region 55.334
,——-129,536
Northwestern
+147,853,266
+.,•.+
Southern District—
Southern
1,632,996,080
'1,870,196,058
—
—
—
—
District and Region
phase
—26.78
1938
Total (51 roads)..—
7.31
3,091,934,815
2,865,947,474
2,887,608,623
1934—1,627,736,490
~
.
334,839,297
638,528,357
,
<20 roads)..—j.> 399,278*595
+32.89
+211,203,260
2.38
2,864,512,167
2,890,965,666
—
853,368,354.:. ..642,165,094
Northwestern region (15
Central Western
175,489,552
203,396,251
....
roads).
(30
466,675,542
649,972,103
—
2.46
18.46
+
3,022,413,801
1929————
(26 roads)-.—
+ 15.39
—
—
1628—
Southern District—
Southern
planning program for
during the next
10
touching practically every
Richmond
years
—15.27
170,089,522
1,172,481,315
1927—
"Times-Dispatch"
ditions to the parks and recreation
+ 11.44
$120,332,208
+
1,365,355,859
—
fol¬
5:
schools and
Increase ( + ) or
1,310,580,765
———
as
tion.
49,465
summary
Year Given
^
:
—
part
appearing in
"A master
of
664
'■
165,003
11,058
V r
1909———
1925———
new
.
—
(1943
} 1942
Jan. 1-to June 30—
Oct.
of
'
including 1909:
—
something
place."
outlined in
.
of the compari¬
sons in
gross and net earnings of the railroads of the country for
the first six months of each calendar year from 1943 back to and
;
devise
Richmond
additions
2
2,453
■
(1942
(1942
exhibit
final
Our
the
for
1,472
1,484
9,115
5,931
L,
(1943
all..
all
our
'
11942
■.&&
<W;
'
—.(1943
Detroit
and
take its
sented—We quote in
lows from an article
34
r
11942
(1943
-,—
—
4,037
••
(1943
Wichita
abolish
Large City Post-War Plan Pre¬
:
(1943
11942
(1943
-—11942
3t. Joseph-^-—..
will
we
to
VIRGINIA
48
City
certain
Richmond, Va.
71
—
building,
necessary
17,617
825
—
un¬
Federal
9,886
5,577
:
the
24,706
7,160
1199320447863-7u—50:—.,Louis.-
make
can
7,051
51
3,302
Peoria
1926
Total (51 roads)—
to
(bush.)
401
Omaha
thing is stopped and
it
ation
Barley
Rye
(bush.)
(bush.)
16,272
Indianapolis &
Asso¬
present system of real estate tax¬
26
472
Toledo
"
we
apartment
(1943
>'. • >
National
types of housing projects just like
any individual owner of a large
RECEIPTS
(bush.)
of the
Assessing Officers.
Government pay taxes on
-—(1943
—
Inc. ( + ) or Dec. (—)
1942
;-:
.
less
)1942
f1943
11942
(1943
11942
Duluth
Milwaukee
Total
GRAIN
Ended
Flour
■
Chicago
Sioux
Months
6
Omitted)
St.
AND
of
sort
Going back further, comparison is with 205,354,000 bushels in the first six months of 1932 and 361,385,000 in the cor¬
responding period in 1929.
The details of the Western grain move¬
ment, in our usual form, are set out in the table we now present:
FLOUR
a
"The real fact is that unless this
356,187,000 in 1942, and 314,885,000
—
GROUPS—SIX MONTHS ENDED JUNE 30
Eastern District—
ciation of
1941.
WESTERN
are
our
address before the 10th annual
conference
barley and rye—combined, in the first half of 1943 aggregated 527,-
——————
V.v-tv'S'<1'^SUMMARY<*F
an
oats,
corn,
Government,
to
taxing
system
would
be putting it mildly in¬
deed," Mr. Guckenberger said in
much larger wheat receipts. Receipts
very
Federal
menace
(taking them collec¬
year,
was
projects
that public housing, as
these programs are conducted by
our
period last
Government
"To say
Mississippi River
thence to El Paso,
primary markets of the five grains—wheat,
473,000 bushels
Kansas
When,
Louis
the Western roads
over
compared with the
as
Minneapolis
3,556,569
Illinois:.—
....
__L+L.——-L
Delaware
(79
traffic
+ :
—
International Great Northern-
Chicago & Eastern
Central of Georgia
West
547,100
3,915,994
3,736,238
------
1_
&
Point
Atlanta
Orleans Texas & Mexico
(3
580,642
557,543
Pittsburgh & Lake Erie—
Burlington-Rock Island ——
4,128,195
4,008,124
—1L--
Norfolk & Western:
590,024
—
4,342,213
-
»
Western Pacific
New
i '
—
Valley
602,517
Transit..
—
4,283,951
———_....
Marquette
636,864
-'Pittsburgh & West Virginia—.
Fredericksburg &
Potomac
Pere
Lehigh
771,523
646,883
Detroit Toledo & Ironton
4,591,369
St.
unfair," and he
steps be taken to
that
the
taxable.
777,017
623,153
Western ..._L—
Staten Island Rapid
5,949,833
Loui£
Nashville Chattanooga &
796,768
-Xfe*.
Atlanta
7,930,693
Louis Southwestern.....—
St.
—:
—
line from
a
section
in the first six months of 1943
tively )
scale
Hartford.!—
and
The grain
1,173,413
1,114,420
1,066,566
-
•
&
make
by the Rio Grande to the Gulf of Mexico.
9,415,593
Haven
New
Louis
St.
proposed
r-
the
Region—Comprises
Southwestern
V
"unsound and
are
Region—Comprises the section south of the Northwestern Region
Chicago to Peoria and thence to St. Louis, and north of a line
Kansas City and thence to El Paso and by the Mexican boundary
from
the Pacific.
to
1,617,397
*•■
clared
Region—Comprises the section adjoining Canada lying west of the
Great Lakes Region, north of a line from Chicago to Omaha and thence to Portland,
and by the Columbia River to the Pacific.
west
City Dept.
(Continued from page 1586)
on Sept. 30 that the
prin¬
ciples of Federal low-rent housing
DISTRICT
Northwestern
1,161,783
'
Siaie and
its mouth.
WESTERN
Georgia Southern & Florida—
Toledo Peoria & Western—
York
New
1587
of
Long Island
10,118,315
Chicago & North Western
CHRONICLE
Pocahontas Region—Comprises the section north of the southern boundary of Vir¬
ginia, east of Kentucky and the Ohio River north to Parkersburg, W. Va., and south
a line from Parkersburg to the southwestern corner of Maryland and thence
by the
t
2,782,247
Reading
Spokane Portland & Seattle
Chicago Milwaukee St. Paul
Baltimore
2,955,912
Gulf
21,408,320
20,701,863
Pacific
Chicago Burlington. & Quincy_
Chicago Rock Island & Pacific
$3,031,633
Grand Trunk Western
——
Mobile & Ohio—-l1——
28,307,197
Pennsylvania
Missouri
Atlantic
Mlssouri-Kansas-Texas
44,750,144
Southern
Increase
':} V,
Kansas City Southern——
Colorado & Southern (2 roads)
Yazoo.& Mississippi Valley.——
Increase
WS^S'Mf^ly-
M
20.58
—
+
Seattle, Wash,
9.95
20.16
+
75,765,722
+
76,553,043
'.+ 16.95
—223,610,267
—42.34
+
32.35
+
98,534,655'
94,608,287
23.47
+ 49.62
+
New
Yields
Substantial
Revenue—An annual
yield of $1,-
200,000 is expected from this city's
new
business license and occupa¬
tion
tax, which became effective
50.74
1
+52.73
Tax
,
THE COMMERCIAL & FINANCIAL CHRONICLE
1583
A license fee of $1 a year
July 1.
is charged for each person or com¬
doing business within the
city; in addition, the city charges
pany
of
tax
a
of
mill
one
each dollar
on
income.
Returns are
bi-monthly and businesses
gi*oss
made
with
gross (
of less than
exempt from
incomes
$600 bi-monthly are
the tax.
<
received
Nov. 4, by L. W. Craig, City
Controller, for the purchase of
$3,000,000 coupon or registered
Light and Power Revenue of 1943
on
series
bonds.
A
exceed
is
rate
Interest
payable J-J.
Denomination $1,000.
Dated Oct.
I, 1943, These bonds will be an
obligation only against the special
to
not
fund
known
4%,
City
as
Tacoma
of
and Power Fund of 1943,
created by Ordinance No. 12452,
Light
for
the
paying the
principal and interest of this is¬
and
sue,
of
purpose
Bonds held by Police Pen¬
sion
No. 12452 for the
poses
the
this
as
office
same
issue.
of
in
New
Payable at
City Treasurer
the
due
cordance
held
..—
by
..48,000
obtained
at
office
Bids to be accompa¬
certified check in an
amount equal to 2% of bid, pay¬
able unconditionally to the City
by
a
meeting of the City Council,
be held shortly, consideration
next
to
will be
suance
given to the proposed is¬
of $100,000 2% flood re¬
pair bonds, to mature $10,000 an¬
nually.
•
New
bonds
amount of
est at
Bonds Called—It is
1948,
in
ac¬
of
the
shall
bonds
the
by
upon
Sinking Fund Board at the time
of considering the bids, and ap¬
proved by the City Council by
resolution.
Payment Plan No. 1.
Due $15,000 July 1, 1944, Jan. and
July 1, 1945 and 1946; $30,000 Jan.
and July 1, 1947 to 1949; $45,000
Jan.
and
$70,000 July' 1, 1950;
$100,000 Jan. and July 1, 1951 to
1962, and $100,000 Jan. and $130,000 July 1,
1963.
Plan No. 2:
to
become
due
as specified in Plan No. 1,
provided, however, that the city
may, at its option, call all or any
of the
outstanding bonds for
demption on Jan. 1, 1955, or
interest
paying
60
days'
re¬
Bids
will
be
received for
said
bends to be issued under each of
above
plans;
bids
under
Rate
of
V4
1/10
or
of
rate of
interest
may
rate
of interest
may also be submitted.
The pur¬
pay accrued interest
chaser must
date
of
delivery of
the
bonds.
No bid will be considered
for less than par and
accrued in¬
terest. Bids must be for the entire
issue. The bonds will be sold to
the highest and best bidder.
The
approving opinion of Wood, Hoff¬
man, King & Dawson of New York
will be furnished.
The bonds will
be furnished and
paid for by the
city and will be delivered to the
purchaser on or before Dec. 6
delivery will be made in
Ta^
coma.
for
Enclose
a
certified
check
$40,000, payable to the city.
Whatcom
Bond
on
sider
County (P. O. Bellingham), Wash.
Election—At
Nov.
20
the
an
voters
election
will
con¬
issue of $800,000 court¬
house construction bonds.
an
Eau
Claire, Wis.
Bond Bids Invited—It is
stated
he
will
E.
Oien,
City Clerk,
receive sealed
bids
that
until
DIVIDEND NOTICE
in in¬
COMPANY
26
Broadway
'
New
York, October 15,
1943.
dividend of Twenty (20) Cents
per share
declared on the capital stock without
been
t>ar value of this Company, payable December
1 o,
1943 to stockholders of record at the close
cf business November
Bills
N.
N.
Clearfield,
Clearfield,
Cuyahoga
19,
J.
1943.
R.
East
FAST, Secretary,
Newark,
N. J
Due
0.462%,
on
0.446%.
Due
on
Bills
at
Dec. 17,1943.
Treasury
55,000,000
Euclid,
Fairfield,
Ala.
Fairfield,
Ohio
Bills
at
Dec. 31,1943.
The chartered banks are said to
tabulated
nance
what
until
adopted
they
examine
which
before
1287
loans.
Lay ton,
liquidation,
incidentally, has been handled in such a way that it has had no ad¬
effect whatsoever on the municipal market.
The general price
level is now close to the standing that obtained in November, 1941,
which was the record for all time.
Actually, certain issues are sell¬
ing at new all-time highs.
Referring again to the subject of liquida¬
tion, it is of interest to note that not a little of such selling, particu¬
larly in the case of municipal sinking funds, has been accomplished
at the instance of municipal dealers themselves in their endeavor to
satisfy, if only in partially, the constant demands of their clients.
Getting back to market operations in September, it is to be noted
that while short-term municipal operations in that period
aggregated
$39,080,600, the total included an issue of $35,000,000 New York City
revenue bills.
The impact of war conditions has also been reflected
in this sphere of market activity.
Because of the necessity of de¬
ferring
capital
improvements,
coupled
with
greatly
increased
revenues through prompt payment of taxes and from other
sources,
the need for temporary credit
by municipalities has been materially
lessened.
Virtually all of such borrowing in months past has been
accomplished by municipal housing authorities and this paper,
by
market/ new issue activity in Sep¬
consequence, the grand volume of sales being
no
more
than $389,718.
As in previous months/ a considerable
amount of
temporary financing was effected by the Dominion gov¬
was
of little
ernment.
Lincoln
loans
Perm,
(U.
8.)——
(U.
8.)—,—
loans
"Temp.
Canadian
Placed
Placed
U.
Total
loans
in
in
U.
1940
S——
Possessions—
389,718
7,861,500
18,284,000 325,316,293
24,003 498
65,967^000
510,100
None
None
None
None
None
500,000
None
3,200,000
None
September, 1940 and $45,000,000 in September,
1939.
100.10
1.24
rl25,000
106.43
2.37
r721,000
100.34
2.22
—3(4
1945-1954 /
: 1,390,000
100
3.22
1955-1970
3,510,000
100
3.22
1970-1973
1,100,000
100
3.22
100.229
2.858
—3-2%
Lyman County,
Lyndonville, N.
Moran,
(State
Texas
Natchez,
IV4
of;
Parma
Pinellas
100.28
2.15
100T3
L23
100.435
1.164
1945-1952
Plankinton
Rock
Rule,
1289
St.
1082
St.
1.165
rl75,000
100.28
1.213
40,000
100.29
// 451,000
101.46
0*75
100.006
0.74
1945-1960
34,000
rGOO.OOO
100,26
1.05
1944-1953
400.000
100.26
1.05
\
1944-1953
1
1944-1960
1948-1949
—2%
L47
100 {/■/',
r25,000
100.449
~2~94
100.566
2.18
rioo.ooo
100.33
2.18
10,500
100.48
r42,000
/
Dak—2.85
100T9
r30,000
/
1951-1953
.2(4
1(4
Iowa
33,000
1944-1953
3
-2*A
D.,
S.
r28,000
Pa—1(4
Ohio
S.
D„
1.16
1944-1953
17,000
1944-1963
1944-1947
v-,/:
3 (4 -4
V
100
*2*35
6,000
100
2.62
100.357
0.933
1
County
Indep.
1944-1953
r80,000
50,000
1 'A
•
Charles, Mo
Louis
100.53
1944-1952
Pa._
Mo—
Texas
100.07
1945-1949
—'
S.
Hill,
6,000
r80,000
1.10
District,
Indep.
1394
r306,000
M-T
1944-1946
1945-1954
1.10
County/ Fla—
1292
43.000
,4 /■
City S. D.,
1184
37,500
rl75,000
,
—0.75
-
.
—
School
Plainfield
1945-1949
rl2Q,000
100.739
1.05
School
District No, 21, Minn
1393
Sapulpa,
1393
1183
Sapulpa, Okla.
Sapulpa, Okla.
Sapulpa, Okla.
Sarasota County, Fla—
1392
Seneca
Falls,
Shaker
Heights S. D., Ohio——1
Okla.
3 'A
r264,000
100.002
3.137
1952-1956
r220,000
100.002
3.137
3
1957
3.137
3'A
County, Ohio
Sunflower County, Miss
' :
:'
r44,000
1945-1946
100.02
3.137
100.11
2.49
84,000
1944-1973
100.002
r79,800
r97,000
1958-1959
1953-1957
2(4
__1 Va
Y
N.
1946-1951
23A
Summit
994
3,33
—1
Miss.
1185
995
1,91
100,17
1944-1957
Ohio—
Olyphant School District,
13.90
1186
100.261 /
<
1944-1955
-
-
1.20
Mariemont Village S. D., Ohio—1'A
Mariemont Village S. D.. Ohio—1(4
Marion County, Ark
2(4
1183
1393
3,000 ':
rl,555,000/
1944-1953
1(4
,1.30
Dak
Y._
Mahoning County,
Malverne, N. Y
Nanticoke
1393
•
93,000
1944-1965
2.20
S.
Maryland
996
6.000
1945-1947
;_Various
Meadville, Pa/'—!*;
Minneapolis, Minn.
Minneapolis, Minn.
1291
:
Park Sch. Dist.,
1081
1184
1948-1953
1946-1963
2
__—„,
1394
996
•
_l-v4
100.60
1.45
100.154
0.94
100.006
0.99
rlO.OOOv
1946-1949
1
3
1947-1962
r39,00Q
100.276
1947-1962.
r48,000
100.276
2.975
1947-1962
r64,00Q
100.276
2.975
100.276
2.975
994
Sunflower
994
Sunflower
County, Miss—______3
County, Miss..—,—3
994
Sunflower
r270,000
2.975
1947-1962
r44,000
1(4
1945-1948
6,200
100.67
996
Toledo,
Ohio
l3^
1945-1946
1.645
Toledo,
Ohio
1(4;
2,200
55,500
100.25
996.
101.09
0.845
996
►
County, Miss
Toledo, Ohio
3
996
Toledo,
Ohio
1»A
1945-1948
101.09
0.845
995
Tonawanda, N. Y.„_—.
IV2
University Heights, Ohio—
13A
Upper Mount Bethel Township,
1944-1955
25,000
1948-1953
rlOO.OOO
1291
1291
Pa.
—
996
Wasco,
1394
Y
Ore.
Whitefish
1288
.a
—
Wichita, Kan.
Wis.
Bay Sch.
.....
palities
Dist.
1.40
1.71
r3Q,000
1944-1953
265,617
100.04
0.73
1944-1952
160,000
100.07
0.73
—2(4
1945-1951
rl5,000
1950-1978
rl87,000
1948-1949
r56,000
100.07
0,833
1944-1953
143,408
101.537
0.95
No.
_
sales
for
covering
1,
_.__._0.85
——
bond
100.50
100.322
—3'A
Iowa—.
i
...
Weslaco, Texas
15,000-
1944-1958
.
1292
•
1.30
_.0.75
———
Wapello County,
N.
.1945-1946
—0.75
-
Utica,
1390
..1(4
September
100
separate
(77 municiissues)...... k$20,530,382
k Not including $39,080,600 temporary loans or funds obtained
by States
municipalities from agencies of the Federal Government,
r Refunding bonds.
MUNICIPAL
1188
Canada
(Dominion of)
Canada
1 Dominion
Canada
(Dominion of).—
1292
1292
St.
1396
Sherbrooke, Que,
of)
—
—
Ont...:
Hill,
John, N. B.
—
IN
Maturity
and
SEPTEMBER
Amount
——.—0.47
*57,000,000
*217,900,000
Price
Basis
*55,000,000
0.75
...
0.75
Forest
1292
FINANCING
Rate
Name.
Page
1188
None
——
78,000
1948-1962
1953-1955
1939
60,000,700 226,121,832 123,532,594 499,037,123
90,480,598
"Includes temporary securities issued by New York
City; $35,000,000 in September
1943; $40,000,000 in September, 1942; $35,000,000 in September, 1941:
$40,000 000 in
—
1944-1949
2(4
District,
CANADIAN
51,351,171
69,392,652
53,897,423 101,128,178
r50,000
3
Long Branch, N. J
$
20,530,382
23,195,332
39,080,600 194,565,000
(perm.)—.
Canada
S.
$
1941
r50,000
r53,000
1(4
Mich.
A comparison is
1942
'
276,975
Cove School
Total
given in the table below of all the various forms
of securities placed in
September in the last five years:
rl,817,000
rl4,000
—
—
1185
sources.
Canadian municipal
1944-1965
1945-1966
4(4
Utah
Lemon
1289
1.455
r21,000
rlOO.OOO
Neb.
Calif.
verse
1958
—3
Okla.
1289
100.599
1-20,000
1954-1958
—3'A
Konawa,
1029
2.337
4»/2-434
;
_
-
Kearney,
1391
Such
'1949-1953
!(£
L03
100.11
Imperial Irrigation District,
1287
and, of course, result from the restraints imposed on new
capital borrowings for municipal improvements because of war con¬
ditions.
The result is that the gap between the available supply of
issues and the demand for tax-exempt investments continues to ex¬
avidly sought by institutional
2%
;
—
1184
1185
0.973
100"901
r20,000
Imperial Irrigation District,
1291
them.
1.30
21,000
.
1944-1948
3
—
Calif.
Fi¬
1944-1947
2V2
Y._—
N.
~2.2l
100.115
17,410
1945-1953
—2.40
_
Calif.
months
the
J
County, Ky.——
County, Ky.__
Calif/-,—
1185
the way, is
—1(4
County, Ky.-,
School City, Ind
100.24
101.03
300,000
r44,000
Hillsborough County, Fla,
Hillsborough County, Fla
Imperial Irrigation District,
1185
war
1944-1953'
—
Hempstead,
1287
States and municipalities during the
only $20,530,382 and approximately
50% of the output represented refunding operations.
Both these fac¬
tors—the diminutive total and the large percentage of refundings—
have been the chief characteristics of municipal financing for many
the various
—
1290
1183
■
1944-1953
1
2,500
35,500
1944-1953
1(4
Harlingen,' Texas
Harlingen, Texas
Long-term financing by
investments in
2(4
Gloucester City, N. J
—_3'4
Gregory Drainage District, Mo._4
Harlingen, Texas
434
1083
for
2.41
100.03
Gary
1084
the
pand, despite the relatively large amount of liquidation carried out
by institutions and public trust funds for the purpose of providing
0.92
100.87
16,000
___
Garrard
1084
Director Lactanee Roberge
now
100.225
r290,000
-
—
1084
preparing of the various proj¬
ects
125,000
1949-1957
1391
plan should be
comparison
1944-1953
1%
—
Minn.
N.
Garrard
994
funds
1
.
1183
.1084
is
Garfield,
Garrard
final recommendation to the City
on
16,972
100
—2(4
>
1183
Council
1956-1960
Kan.
Ohio
993
6,800
-..1(4
Emporia,
1289
1.53
17,500
25,000
1944-1948
Dist., N. J._2
J
N.
Ind.
993
spent yesterday discussing
1.63
102.45
1944-1952
1944-1953
3(4
Edgewater,
Elwood,
—1.70
.
East Rutherford Sch.
993
mittee
100
40,000
r203,000
1391
Com¬
1.40
1945-1949
1949-1958
Franklin County, Ohio
Executive
100.8L6
h
1.56
16,000
1291
Montreal
1.56
100.30
r86,000
Canadian
The
100.30
5,500
19,000
1944-1948
1080
lows:
65.000
1944-1947
County, Ky._
2(4
Daviess County, Ky.__„_——23/4
1290
fol¬
1944-1963
.1945-1949
rl,398,000
Floodwood.
as
1.15
1948-1957
1391
reported
100.098
r41,000
2*4
-
Fargo. N. Dak.
9
rl27,500
'—„2
Fairfield, Ohio
Oct.
2.22
104/75
1960-1963
1393
Press
100.106
25,000
Ohio—__ 1(4
1393
on
0.58
1-22,500
58,000
V 15,000
1V2
Utah
County,
1393
Montreal
2A7
102.26
120.000
1,100.000
"•
1945-1952
Daviess
-
Basis
100
102.204
1944-1968
1.60
—
Refinancing Still Pending
—The
1944-1966
1.60
Y.„—
_
1184
Debt
1945-1952
to 20 yrs.
2(4
Clearfield, Utah
1288
QUEBEC
24.500
Ter-
Y._
Utah
1291
Montreal, P. Q.
Price
$30,000
1944-1958
1.15
Cheektowaga,
1185
Due in 1944 to 1952
Amount
1944-1953
1,
No.
_
Cheektowaga,
1287
Treasury
D.
Minn.
1084
They said they could make no
following bills
S.
Unorganized
1084
plans for refinancing the
city's $291,000,000 gross funded
debt, but came to no definite de¬
Sold—The
$55,000,000
Bonds
County
1084
993
936.398.760
follows:
as
3
—
County
1290
994
100,028,167
2(4
Md
1290
im¬
1,056,321,325
4
C.„.
N.
Cass
ritory,
658,175,205
1,140,002,546
80,358,117
3(4
—-
Cascade
Mont.
were
64,034,466
117,083,951
_u—
1
Calvert County,
■
inclusive.
$
THE BUCKEYE PIPE LINE
A
Rock.
1932———
3%
Alaska
1184
and
were purchased
recently by the Bank of Montreal,
a
price of 101.68, a basis of
1943
has
Ohio
Blowing
Pa.
1184
various
aggregating $110,000,000 are said
to have been sold recently:
tember
O.
Bedford,
995
cision.
In
WISCONSIN
by
1291
both of said plans;
each plan
must
be
bearing different
and
Ashley," Ohio
1186
rates of interest to be in
one
the
Anchorage,
38,239,955
Maturity
—
new
»semi-annual
Rate
^
Allentown,
1288
about 2.41%.
during September
Name
Adams County, Miss.——1
Allenhurst, N. J..
2V2
1290
submitted; bids for the bonds
to
1929
—
1183
payment
submit
1%.
Bids for the entire issue of bonds
be
741,681,528
$902,053,073
682.911.759
336,662.675
872,306,815
month of September, aggregated
multiples
bearing
48,435,338
158,784,553
bids
may
;
or
1931—
1930—
1394
Sold—It is reported that
2%%
776,526,062
695,435,546
and in¬
100
For the
Nine Months
40,819,694
—
903,210,360
1291
at
Canada (Dominion of)
,
1933—-—-
74,295,414
1183
or
■
separate.
cou¬
attached..
pons
1934
24,003,498
1184
provement bonds
City
sentation of said bonds with
450,219,116
756,887,942
1184
Owen Sound, Ont.
from
Redemption will be made at the
Treasurers' office, on pre¬
'•
Month of
69,392,652
Issues sold
in the
series of years:
September
1935———.—$148,870,640
51,351,171
;,/•
designated
bidders
"under either
&3,195,332
—_
Page
for the years 1944 to
on
30 days' notice,
order, of maturities.
2)(bonds Nos. 24 to 26.
Due April
date called.
any
date thereafter,
advance notice.
$364,400,797
1287
1,1948, optional on any interest
paying date.
Interest ceased on
and
payable
the
issued
callable at
are
Dated April 1, 1938.
decided
Nine Months
a
For the
$20,530,382
1936
133.
bonds
for payment on
called
Dist. No.
upon
be
3% for 1949 to 1953,
for 1954 to 1962.
The
3 ¥2%
$115,356
L. G. Kolsen,
he
September and the nine months for
1937
$339,711, bearing inter¬
2 ¥2%
Bonds
reported by
will
77 and
add the following table, showing
1938
—The Ontario Department
and Bitu¬
(P. O. Rawlins), Wyo.
we
1939——
Approved
and
bonds
were
aggregate, excluding temporary loans and also Canadian issues,
1941
Proposal
permanent
during September,
This contrasts with 78 and 100 for August.
comparative purposes
Month of
Etohicoke Township, Ont.
Refunding
Surfacing Districts
minous
emitting
1940————
verse
Rawlins Street Drainage
municipalities
September
terest
WYOMING
payable
and
bonds
for
of Mu¬
nicipal Affairs is said to have ap¬
proved a refunding proposal ad¬
vanced by Harrison & Co., Ltd.,
Treasurer.
of Toronto, whereby 4 ¥2% bonds
of the above township will be call¬
Sparta, Wis.
Bond Issuance Pending—At the ed for payment as of Dec. 31, 1943.
nied
following two plans of payment
Said
the
ONTARIO
the
of
City Clerk.
shall
be
For
1942
whichever
The
with
100, respectively.
Cemetery
the
of
number
1944.
Detailed schedule of bonds may
be
The
the number of separate issues made
1943—i———
City Treasurer, that
Oct. 1
the following bonds:
Dist. No. 1, bonds Nos. 123 to
York.
become
by
Pension Fund
pur¬
at the fiscal agency of the State
or
—$13,000
Firemen's
-
held
exceed
to
$2,000,000
designated as "series B," author¬
ized to be issued by said Ordi¬
nance
Fund
Bonds
issue of bonds in an
an
not
amount
;
have purchased recently the fol¬
lowing
certificates
aggregating
$235,000,000::! $110,000,000 Deposit
Certificates, maturing on March
21, 1944; $55,000,000 Deposit Cer¬
tificates, maturing on March 28,
1944, and $70,000,000 Deposit Cer¬
tificates, maturing on April 4,
Perpetual Care Fund..—. 39,000
Offering—Sealed bids will
until 2 p.m. (PWT),
Bond
on
of $100,000
lows:
Tacoma, Wash.
be
Oct.
27, for the pur¬
general obliga¬
tion bonds of the city.
Separate bids to be made as fol¬
a.m.
Bonds
.
,
10
chase
Monday, October 18, 1943
3'/2
5-15 yrs.
32,718
•
103.07
—23A-3V2
1944-1963
182,000
100.03
3(4
1944-1963
175,000
100.53
-
Canadian municipal bonds sold in September—
"Temporary loan; not included in month's total.
$389,718
3.19
IT
@FedFRASER